1924-02-15 — Page 1

NEW VICTOR

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Moutries-Victor Distributors.

"No 19:10 五拜禮

The

China Mail

Temperaturo 55 Barométer 29.97.

Rainfall o.ty in, Humidity 92

THE 'DOLLAR.

18

To-day's closing rute 2/4 3/16]

To-day's opening rate 2/4 3/16

號五十月二年四十二百九千一英 'HONGKONG, FRIDAY, FEBRUARY 15, 1924.

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LATEST OIL SENSATION.

STARTLING STATEMENT.

BANKER'S CHARGE AGAINST (HARDING

NEWSPAPER SALE TRANSACTION.

ALLEGED EXCESSIVEL PURCHASE FIGURE.

(Renter's American Service.)

WASHINGTON, February 14 Developments in the oil case are ensuing with sensational rapidity.

A startling statement made by the banker Mr. Vanderlip yesterday alleging that an excessive price was paid to the late President Harding in connection with the sale of his newspaper, the Marion Star, shortly before his death, has aroused much resentment and Mr. Vanderlip has been subpoeaned to testify before the investigating committee.

[The naval oil lease "scandal" in America, arising out of allegations of corruption in connec tion with the granting of Government concessions for oil leases at Wyoming has Decessitated the appointment of a special Senatorial committee of investigation which has summoned a number of eminent witnesses. The affair has already dramatic developments in the charges against Mr. Fall, former Minister of the Interior, and a Senate resolution demanding the resignation of Mr. Denby, the Secretary of the Navy.]. GOVERNMENT COUNSEL CHALLENGED.

WASHINGTON, February 15.

The Senate of committee has decided to in fom-President Coolidge that Messrs. Strawn and Pomerene are not acceptable as special Govem ment counsel. Mr. Coolidge has consequently with drawn Mr. Strawn's nomination, but not Mr. Pomerene's, as he considered that to evidence for disqualifying him had been produced.

GOVERNMENT

FRANCE'S RUHR POLICY.

IMMEDIATE CHANGE UNLIKELY.

LATEST INSPIRED ARTICLES,

AGREEMENT. WITH BRITAIN DOUBTFUL.

(Reuter's General Service)

PARIS, February 14.

That a change in the French Ruhr policy is not so Imminent as believed by the Opposition press appears from an article by Pertinax in the Echo de Paris declaring that the idea of a volte face on the part of M. Poincare is purely imaginary and assert- ing that France adheres to her irreducible minimum in the Ruhr. The article doubts greatly whether Mr. Ramsay MacDonald and M. Poincare will reach an understanding.

It is noteworthy that even supporters of the Matin's suggestion, like the Ere Nouvelle, emphasite that if France is prepared to abandon her economic system in the Ruhr and Rhineland she must main- thin military control. The Ere Nouvelle forecasts the possibility of a Franco-German commercial treaty..

The Matin is believed to be inspired by the President, M. Millerand, and the Echo de Paris by M. Poincare.

י יוּ

[Recent cables from Paris stated French opinion as regards the Ruhr policy was changing, judging from the consensus of articles in the Opposition Press, commenting on an article by M. Sauerwein in the Matin, which was believed to have been inspired. M. Sauerwein, after admitting that everything received by France had been swallowed up in military expenses, advocated an extensive modification, even the abandonment of the occupation of the Ruhr in exchange for a new system of guarantees, which would be placed in Inter-Allied, and not merely French and Belgian bands. He indicated that France would expect full payment through an international loan, and a' neutralised: Ruhr and Rhineland, If she consented. KEEPS OIL HOLDINGS to an inter-Allied instead of purely Franco-Belgian

FINAL WORD.

NATIONAL INTERESTS.

LONDON, February 14, In the House of Commons, replying to three questions as regards the Government's decision not to sell its Anglo Persian holding, Mr. Philip Snowden, Chancellor of the Exchequer, said the Burma Oil Company has apparently, been prepared to pay between 75s. and Bos. for the shares. This would have represented a profit of nearly 60s. on the original price, and about a sovereign on the current market price, on 5,000,000 shares:

The Government after full investigation, was satisfied that it would not have been in the national interest to part with the shares to a combine; also in particular tho naval interests, which the original investment in an independent oil company was made, would have been seriously prejudiced.

Mr. Snowden added that, as the existence of doubt in the matter was not fair to the Anglo- Persian Company, the British Govenment had no intention whatsoever of reconsidering its decision.

DOCKERS' STRIKE THREAT.

LABOUR. MINISTRY'S MEDIATION.

CONFERENCE AGAIN ADJOURŊS.

LONDON, February 14. The dockers conference has again adjourned until to-morrow morning.

settlement The Onure said this was a return to commonsense and a programme which would point to the realisation of the Cannes conference, where. M. Briána fell.].

PALATINATE AGREEMENT.

LONDON, February 15. As a result of further. Anglo-French .com- munications agreement has been reached over the Palatinate question.

A commission will shortly be despatched to the Palatinate, composed of British, French and Belgian officials, to advise the Bavarian local council regarding the carrying on of the adminis tration, pending the establishment of, a new permanent administration.

The Chief task at present appears to be that of arming the police and disarming the population.

COMMONS DEBATE.

GOVERNMENT NOT CHALLENGED.

IMPERIAL DEFENCE INQUIRY.

LONDON, February 15.

The. House of Commons concluded the debate on the Government's declaration of policy. The division was not challenged.

Mr. Ramsay MacDonald stated that the com mittee on Imperial defence was exploring the whole problem of defence in a much wider sense than hitherto and not merely from the viewpoint of the strength of the Army, the Navy and the Air Force but from the viewpoint of civil, foreign and Inter national policy.

[This is the second time the conference has adjourned. Wednesday's cables stated that while

Mr. MacDonald said the Government would the conference between the Minister of Labour and representatives of the dockers and employers not remain in office five minutes after a division of adjourned late in the evening without reaching a the House had deprived it of a sense of duty definite conclusion a much more hopeful spirit The Liberal Mr. Frank Briant gave notice of a prevailed. It was understood the dockers would resolution condemning the action of the Migister be offered an immediate increase of a shilling a day of Health in cancelling the Poplar order and and a further shilling later.

remitting any likely surcharge thereunder."

[The Minister of Health's action relates to his excessive unemployment payments which precedespor refused to recognise.]

HOLLAND AND RUSSIA.

THE HAGUE, February 15.

In the Lower House, the Communist Ravesteyn asked whether any negotiations were afoot with a view to establishing once more normal commercial and diplomatic relations with Russia.

The Foreign Minister, Mr. Van Karnebeek, replied in the negative. He added that the Govern ment was giving close attention to the maiter, 15-

FRENCH CABINET SECURE.

PARIS, February 14,

The Government has secured a vote of con- Adence by the Chamber of Deputies rejecting by 301 to 212 votes an amendent to the Government's proposal for an all-round fricrease in taxation of 20 per cent on which the keenest opposition was "anticipated." A

·UNITED STATES CHINA JUDGE.

WASHINGTON, February 15003 Mr. Milton Purdy of Minneapolis, has been nominated United States Judge in China.

The Senate has not yet confirmed the appoint- ment-Reuters American Services

GOLF

BRITISH NAVY CHANGES. CRUISER SQUADRON'S FUTURE.

MALTA, February 14,

It is understood that the redistribution of the Flest now taking place practically amounts to reversing the positions of the Atlantic and Mediter ranean Fisata in commission.

Fresh dispositions have already been made or are impending, including the accepted certainty of the First Light Cruiser Squadron being despatched to the Mediterranean at the conclusion of the Empire Cruise,

SEPARATISTS MASSACRE,

BERLIN, February 15. The latest casualty figures in the Pirmasena. massacre are fifteen Separatists killed and thirteen' wounded and fifteen civilians killed and fifteen wounded. Seven people were wounded slightly Badblérheim,

BERLIN QUIETERS

BERLIN, February 15%

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