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December 251921. Temperatûré 64
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Raintali 0,00.
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HONGKONG WEDNESDAY, DECEMBER 28 1921, BTZA-TE*R**+IE+
TO-DAY'S CABLES.
(Reuter's Service to the China Mall)
BANQUE INDUSTRIELLE DE CHINE,
WHY M. BERTHELOT RESIGNED,
PARIS, December 27,
THE DOLLAR.
To-day's closing rate 2/7 3/8. Today's opening rate 2/7 3/8.
THE TROUBLE IN EGYPT.
GENERAL STRIKE FIASCO..
DISTURBANOES STILL CONTINUING.
ALEXANDRIA, December 27. The general strike of Government officials arrangaḍ to occur: here today was a fierco. All administrations except the survey department are working normally,
The resignation of M. Berthelot-was due to the disclosure in the Chamber on December 24 of a telegrami from M. Berthelot to M. Casenave in New York on January 22 stating "The difficulties of the Banque Industrielle, de Chino are going to be settled thanks to the assistance of the French banks. We ask you to give The police have broken up a few small demonstra- it your moral support by asking American banke to co-operate in the avoidance of difficulties, by paying small cheques by accommodation." M. Briand said he had never seen this telegram.
FRENCH NEWSPAPER COMMENTS.
PARIS, December 27. Commenting upon the debates in connection with the Banque Industrielle which culminated yesterday in M. Berthelot's resignation the papers mostly deplore the loss to the country of a very able diplomat whose character, however, remains quite blameless. The debates are to be resumed to-day.
tions.
!
FOREIGN OFFICE COMMUNIQUE.
LONDON, December 27, A Foreign Office communique says that disturbances continue in Cairo and attempts were made to wreck the railway. A train was derailed on Christmas Day on the Heluan railway. Upper Egypt is quiet, most of the dis- turbances being in Lower Egypt. Troops have been taken over to Suez and Port Said.
The situation at Tantah has improved since the arrival of British troops. A detachment of Egyptian troops has been sent to certain places and neroplanes to Assiut. Eight Nile steamers armed with machine guns in charge of naval officers have gone into Upper Egypt and some into Lower Egypt.
DISTURBANCES CAUSED BY HOOLIGANS.
CAIRO December 28.
The following notice under martial law has been
CHAMBER DEBATE CONCLUSION.
PARIS, December 27. At the conclusion of the debate on the Banque Industrielle de Chine the Chamber carried a vote of con- fidence in the Government by 355 votes to 117, express- ing their determination to uphold French credit in the Far East and to ascertain their responsibilities Mem-posted up at Suez: "If aeroplanes porceive an assembly bers further disapproved the introduction of finance into politics, suggesting the prohibition of members of parlia ment being directors of banks. They rejected u motion in favour of the appointment of a commission of inquiry,
AT WASHINGTON,
FAR EASTERN SUB-COMMITTEE MEETS,
CHINESE TARIFF QUESTION.
WASHINGTON, Docember 27, The For Eastern committee's enb-committee has met again after a fortnight's recess. The Chinese delega tion considers that a probable outcome of the existing differences concerning the Chinese tariff will be a compromise. They are hopeful of securing agreements granting the requested effective five per cent tariff.
AMERICA AND THE-SOVIET.
RESUMPTION OF RELATIONS.
WASHINGTON, December 27.
It is stated at White House that changes made or pending in the policy of the Soviet Government may bring the resumption of trade relations with Russia.
It was added that recent reports received are very optimistic concerning the course likely to be pursued by the Soviet. The American Governinent has already responded to the change in Ruanian policy by allowing a Russiau agent to enter the United States and buy grain for relief enterprises.
CONV CPED ITALIAN COMMUNISTS
LONDON, December 27.. Following the failure of applications for a new trial for Sacco and Vansetti, the Italian communists convicted of murder, the United States police guards at the American consulate in Paris have been doubled owing to the fear of renewed communist outrages.
BETTER THAN COOLIES.
HUGE ELECTRICAL SHOVELS.
BIG CANADIAN SCHEME.
they will drop smoke bumb and if the assembly does not disperse they will drop shells and fire machine guns."
The Minister for Education has closed all govern ment schools. The Egyptian Gazette has been suspended | for two days for publishing subversive statements likely to impede the military. The vernacular journal Istakiai, lately the organ of Adly's government has likewise been suspended. Apart from two well-known lawyer agitatore the majority of the parsons recently arrested | are hooligans. The Egyptian Mail says the disturbances were mainly the work of hooligans who oven attacked Egyptians, and opines that a policy of violence" on a large scale is unlikely.
BOLSHEVIKS LOSE A BATTLE.
HELSINGFORS, December 27. Fierce fighting continues between the Karelians and Bolsheviks. The former have occupied Porajaervi where the onemy was strongly entrenched. The Bolsheviks lost 200 killed and many wounded and prisoners.
ITALY AND RUSSIA
COMMERCIAL AGREEMENT CONCLUDED.
ROME, December 27.”
The Italo Russian commercial agreement will be. followed by the conclusion within six months of a definite economic, convention. The agreement provides that both countries will abstaju from hostile action on the frontiers and internal propaganda against each other, Italians in Kasia will be repatriated if they desire.
THE CONFERENCE AT CANNES.
LLOYD GEORGE AND CHURCHILL ARRIVE.
ོ
CANNES, December 27. Mr. Lloyd George and Mr. Winston Churchill have arrived.
ing and studying data in connection above and return for a new load with the best excavation equipment, overy 50 seconds. More than 600 electric shovels were chosen in pre-able-bodied men would be required to ference to steam abovela on the| do the equivalent amount of work in grounds of greater output. lower opar- the same time, ating cost, better working conditions Aramarkable feature of the opera- Second only to the Panama Canal and other important items tion of the electrical equipment on The electric shovels he work on this these shovels is the use of what is is the magnitude of the excavations, canal are the largest ever built in the termed regenerative braking" in totalling approximately 10,000,000 cu- bio yards, being carried on by the world. They are revolving type shov, lowering the dipper after the load has Hydro Electric Power Commission of each weighing over 830 tons. The been dumped into the cars, When Ontario, Canada, for the construction huge steel post called the boom, which the operator is ready for the dipper to of the Queenstown-Chippewa Power extends out from the shovel is 90 foot come down, the motors are discou Canal which will put 300,000 H.P. et steal post or dipper handle, 08 feet when the dipper gains speed of a lit long. The boom supports a second nooted from the power supply; but the disposal of Ontario.
The canal will utilize at the highest long which is in turn operated on the the above the hoisting speed, the mo
boom by a large, 150 II P. thrust, mo possible efficiency, the water power tor. The dipper handlp supports the power supply. This operation, which tors are connected by switches to the still available for Canadian use at Niagara Falls, under the international dipper or bucket whic digs 8 cubic is due to Westinghouse motors of agreement between the United States Yards with every load In order to special design, causes, power to be and Canada. It will extend 133 miles ra so the dipper on the dipper handle pumped back fata the line and mote froni Chippewa at the mouth of the two 200 HP. host factors are used over, seves considerable wear on the Welland River, above Niagara Falle, and the entire shove Is brought to brakes, to" Queenstown on the banks of the the desired position by a 150 HP. Niagara River. The Welland River swing motor.
These shovels illustrate more than anything else that modern electrical
will be used for 4 miles of the canal, It is somewhat discult to compromachinery 'n aisting in superseding the remaining 9 miles being excavated: hond the significanen of these huge labor in leaps and bounds. They aro | The river will require excavating ako, electro shovels - until we compare truly glante in comparison to similar however, of approximately 100,000|their putpute with hand labour,. It { machinery existing only a decade ago, cuble yards. The total cost of the takes an unusually good man to dig" The labour fotos to carry on this lin development will be upward of 8 cubic yarda in a day. But, those merso excavation work is compara. $25,000,000.0 /
a shovel, not only din cubic yards tively to smali that it ounatitubos a After the engineers of the Comtals with very load of the dipper, Dub Frecord never before known id sion sport anveral months in collect, raise this to the dump cars 72 feet runstruction world.
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