1921-11-18 — Page 1

OCTOBER

RECORD 8.

ARRIVED

at

MOUTRIE'S

The China Mail.

November 18, 1921, Temperature 65

November 18, 1920,

Tais Ansów Gon:

STRAKONT

¡To Ullmann's

Do

THE FALLS

Follow it.

PRICE $3.00 Per Month.

BUSINES NOTIDES

FOR DRESS OCCASIONS

TABLISHED

Barometes 2001

Raintal: 0,07 ch

Humidity 90.

69.

No. 18,419.

五拜煮 號ㄟ十月一十年一十二百九千一英

HONGKONG, FRIDAY, NOVEMBER 18 1921,

日九十月十酉辛亥歲年十國民華中

TO-DAY'S CABLES.

THE DOLLAR.

To-day's closing rate 2/8 8/1.

(Renter's Service to the China Mail)

To-day's opening rate 2/8 1/8.

FAR EASTERN PROBLEM 3.

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IMPORTANT STATEMENT OF FRENCH ATTITUDE.

WASHINGTON, November 17. The French delegation agrees that the Chinese pro posals form a suitable basis for discussion of the entire Far Eastern question: They presume that the Ching delegates will take early occasion to suggest specille settlement of outstanding issues like Shantung, Mongolia and Manchuria.

Signor Schanzer declared that the Italists were in readiness cordially to co-operate in solving Far Eastern problems, especially regarding Chins. The Italians would support any solution calculated to ensure free development and faciliate the progress of China.

ABOLITION OF SUBMARINES.

NEW YORK, November 17. The Herall and the Fimes both support Mr. Balfour's plea for abolition of submarines. The Herald saya: "Let every unnatural force against welfare be swept away even if necessary aeroplanes as instruments of war."

The Tribuue consider the Chinese proposal will disappoint China's friends in Ametica owing to its indefiniteness and opines that the writing, of a new formnia will not help China much. Ultimately China must be permitted to develop the necessary force to protect herself. The world was too preoccupied to look after the welfair of a perpetual ward.

WASHINGTON, November 17.

The American delegates endorsing China's proposals consider that Far Eastern questions are not technical requiring expert scruting and therefore urge the come mittee or full conferende to consider them directly with out reference to sub-committees.

FRANCE'S ATTITUDE.

LONDON, November 17. The explanation of the Royal Deb share distribu- tion tabled yestamlay is that the Bond does not feel justified in appending to the money miket as long as legitimate fear for the tax policy of the Dutch India Government in respect of petroleum business is not con- olusively obviated,

[Yesterday's cable stated: Royal Dutch shares ex- perienced a set-back to 35 in view of the proposal to be. submitted to a meeting on Nov. 30, to distribute divid ends in the form of common shares instead of in rash. The market idea is that the company intends to reserve its cash res urces in view of the difficulty of raising fresh capital on favourable terms.]

MERGER WITH AMERICAN COMPANY.

NEW YORK, Nov. 17. Shareholders of the Delaware Union Oil Co., have ratified a proposed merger with the Royal Dutch Shell and Transport Companies. The new company will be capitalised at ten million shares without par value, the Dutch company receiving 72 per cent and nominating. fifteen directors, the Union company receiving the re- mainder of the shares and nominating four directors.

PRINCE'S TRIUMPH ANT PROGRESS.

NATIVE CITY DISTURBANCES.

BOMBAY, November 17. Though the Prince of Wales had a triumphant pro- gress unmarred by a single adverse incident. the non-. co-operation agitation resulted in serious disturbances in the native eity involving a number of casualties.

HING'S MESSAGE.

LATER.

The Prince of Wales on landing read a message The French attitude as regards China's proposals from the King greeting the princes and peoples of India way be summed up firstly that France desires to help and saying that the Prince of Wales' coming was a token China realise her, territorini, political and Commercial of renewal of the imperial house's pledges and affection. aspirations; secondly, that France is willing The Prince of Wales received an address from the to cede Kwang Chan Wan provided Britain municipal corporation which hoped his presence would codes Weihaiwei and Japan Shantung and the still the voice of discord and leave an atmosphere of Port Arthur peninsula; thirdly, that France is not mutual understanding and goodwill. unwilling to Etirrender extraterritorial privileges

The Prince of Wales replied that he eagerly awaited

provided the other powers do likewise but holds the an opportunity of seeing India and of grasping their opinion that these privileges should be maintained until

it is clear China is able to give adequate protection and justice to foreigners; fourthly, France urges that Indo- China belongs to Annam and therefore does not enter

difficulties and understanding their aspirations.

FRENCH AID FOR STARVING RUSSIL

PARIS, November 16.

into the discussion but France is willing to discuss SENATE VOTES FURTHER 6,000,000 FRANCS. frontier rectifications; fifthly that. France desiring a conciliatory role sympathises with Japan's need of expansion and raw material; sixthly, France favours open dealings between. China and the powers and opposes accret negotiations and would abandon her interests in Yuanan provided Britain abandoned hers in Kwangsi.

The Senate financial committee has granted a new credit of 6,000,000 francs for relief of starving Russia on condition that the funds are spent under the nupervision of the French Red Cross Society.--Havas.

COST OF LIVING DROPPING.

FURTHER SEVEN POINTS DOWN.

LONDON, November 17.

The cost of living fell a further seven points in October, namely to 103 per cent, on November 1 above

JAPAN ASKS FOR TIME.

WASHINGTON, Nov. 17. The heads of nine delegations have granted Baron Kato's request to allow him several days in which to examine the Chinese proposals. It is stated that the British committee upon Pacific questions, which is functioning vigorously, discussed the future of the the level before the war. mandated islands. It is suggested that Japan is pre- paring to offer concessions by opening the former German islands north of the Equator. The American view maintains that the principle of the open door ought to be observed in these islands.

SUB-COMMITTEE'S RECOMMENDATION. WASHINGTON, November 17. A communique states that the sub-committee

dealing with procedure on Far Eastern questions, consisting of the heads of the delegations, has decided to recommend that opportunity be given the full committee for general discussion firstly of Chinese questions and afterwards of other topics also that the Chinese proposals be consider ed seriatin

JAPANESE DELEGATE İLL

WASHINGTON, Nóvember 17 Meeting of the committe of nine dealing with the Far East adjourned until Saturday owing to the illness of Baron Shidehara

UNIONIST PARTY CONFERENOW.

EXTREMISTS' OVERWHELMING DEFEAT.

LONDON, Nov. 17

The conference of the Unionist Party at which the extremists

pinionin, tas provinces

[tod" in

LONDON FIRM. SUSPENDS PAYMEN:

TRADING LARGELY WITH THE EAST,

LONDON, November 17.

firm of general merchants with London-and Liverpool offices has suspended payment with liabilities

with the East in tin plates, galvanised sheets, and other amounting to £900,000. The firm was trading largely commodities. It came to the front in recent years. A scheme for the reorganisation of the company is heing arranged.

"PEKING'S AMERICAN LOAN DEFAULT.

CANTON GOVERNMENT'S OFFERS

NEW YORK, November 11: Mir, Ma Sao, representing the South China Clovern- ment, las seat a letter to Mr. Hughes Secretary of State, offering to nasume obligations for the Continental and Commercial Bank of Chicago loan to the Peking Gov ebient on which a default recently occurred; . The Ietter states that South China invited the Consortium to sabroit proposals for zenewing or refunding the loan, -

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