1927-04-12 — Page 1

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BRITAIN'S FINANCES REVIEWED.

COUNTRY'S VITALITY.

LATEST THREAT.

Alarming Reports From Wer-Hai-Wei.

“CARADÓC” GOES TO THE SCENE

Wei-hul-wah April 11

PRICE, $3.00 Per Month.

NORTH'S ADVANCE.

Planes Bomb Hankow Suburbs,

SOUTHERNERS HOLDING ON.

Nanking, April 11.

47

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PEKING RAID.

Soviet .Only Itself To Thank.

In the House of Commons, in

STATEMENT IN PARLIAMENT.

London, April LL. In consequence of alarming re- Chuchow is now reported to be answer to questions, Sir Austen ports of threatened, disturbances, in the hands of the Northerners Chamberlain, Foreign Secretary, the naval authorities at the urgent gunfire having been heard from read a report received from the request the Officer Administrat-that quarter all day Sunday." ing the Government have despatch- The passage of Southern troops garding the raid on the Soviet. at Peking re-

STILL WORLD'S FINANCIAL CENTRE. ed to Wei-hai-wei H.M.S. "Caradoc" (retreating) through Nanking

The Chancellor of the Exchequer, Mr. Winston Churchill, intro: duced the Budget in the House of Commons yesterday. Mr. Chur- chill estimated the expenditure for the year 1927-28 at £818,360,00

,000 and the revenue at £796.850.000,

He was left. he said, with prospective deficit of £21,540,000. He could not remain indifferent also to a shortage of £86,000,000 of last year, and felt bound in the present year to pay off, at least a sub stantial part of that deficit so that the actual prospective deficit would be £35,000,000 or £10,000,000.

Mr. Churchill said there should be a total increased revenue in 1927 of nearly £38,000,000, and the prospective deficit of £21,500,000 would leave a surplus of £16,500,000. That would enable him to raise the new sinking fund to the unprecedented level of £65,000,000 and pay off nearly half the arrears in which the country was, involved by the industrial disasters of 1926.

Exchanges had remained like rock, and when the goid standard was restored two years ago few would have believed that it could have been maintained through all these convulsions. "The most remarkable fact is that the trade of the country flowed in a manner scarcely conceivable. We still remain the greatest creditor nation fand the financial centre of the world."

-

1

!!

British Minister

with a view to investigating the

buildings. reports, und, if necessary, to afford has now ceased.

There are no signs as yes of an

The riding party exceeded protection to foreigners. British·|

organised. Northern attack but their authority by overflowing Naval Wireless.

Nanhing Looting.

Northern planes bombed Pukow into the barracks of the Imperial and Hsiakwan, inflicting consider Russian Guard, but Sir Austen Nanking, April 11 able

Chamberlain said it might be damage. British Firing on foreign ships from Lion

Wireless.

argued that the barracks could Hill has ceased. Foreign houses

Cruisers' Atlack.

Chinkiang, April 11,

and what remains of their contents | are still subject to looting. Six

Evacuated Americans.

Naval

and

on

YOU WILL REQUIRE

A NEW

not claim diplomatic immunity BATHING

seeing that Russia was no longer entitled to a guard.

that some of the Chinese arrested As far as he knew the report

had already been executed was

It appeared to him quite clear)

right in saying that the protec- tion of the Legation quarter could not be given to conspirators against the local authorities. Reuter

Shanghai Consulate.

London, April 31. In the House of Commons, re-

Chinese men-of-war are present. Two "Southern cruisers yester A number of refugees crossed today and one to-day passed up the Nanking to-day from Pukow-Bri Yangtze River (ie., in the diree- Itish Naval Wireless.

tion of Nanking) and opened on Lion Hill" is the Chinese forti-Marshal Sun Chuan-fang's out- untrue. ration on the Yangte, near Chi-posts on the opposite (northern) klang and Hunkow, where there has bank of the Yangise. British that the Protocol Powers were

Naval Wireless. been firing an foreign warships and merchant craft.)

Points Explained. Nanking is the big city. Dealing with the financial side of these sroubles, Mr. Churchill

Hankow, April 11. railway terminus, situated said the immense number of miscellaneous and secondary manufac

The American communities from the southern bank, on a sharp tures and businesses, the processes of banking, broking. and insur- unce, and, the vast sinn brought into Britain as a result of British.Chungking and lehang arrived here

this afternoon.. together with turn of the River. Pakow is its investments abroad, had enabled the country almost to keep the ever

American gunboats.

"suburb" on the northern bank. tenor of its way.

The respective Consuls were pre- from which a railway runs north plying to Mr. J. Maxton (Labour). sented with the demands of the to Tientsin. Foreign Powers with regard to the

Chuchow is a few miles north Secretary, said that the Consul Si Austen Chamberlain, Foreign Nanking outrage at 3 pm. to-day, west of Pukow. The fact of its General and the British G.Q, C. at A general holiday has been de being in the hands of the North Shanghai were not consulted with clared for to-morrow as a welcome erners point to their counter- to Chinag Kai-shek.-British Naval cffensive against the Cantonese regard to the surrounding of the Wireless.

being

Russian Consulate at Shanghai. General Chiang Kai-shek Was Those were the direct. losses last reported at Nahking and may, or gun fring being heard on the been informed by the Senior Con- proximity to Nanking accounts The Soviet Consul-General had but the indirect losses were in-therefore, be going to Hankow.i computable.

News From The Ports. River and it must be presumed maintenance of law and order sul that responsibility for the Shai April 11that both sides are still fighting. rested on the, Municipal Council. Two British subjects in the Cus- Cantonese Holding On...

Bel

Sir Austen Chamberlain, after The Northerners are bombing survived the shocking breakdown toms have left for Mankow rukow and Hsiakwan (a suburb/quoting in account of the incident

bigh Naval Wireless.

Chenglin, April 11.. of Nanking) but, on the other issued by the latter, said the British Customs employées are

hand, it should be noted that no Soviet Consul had evidently been being evacuated. British Naval wireless.

more Southerners are retiring very apprehensive as to a raid on Kiukid, April 11, (from the north bank of the the Consulate, and the Chairman of the Council had accordingly in- The situation remains quiet River) through Nanking. One British Naval Wirelcas.

conclusion is that the Cantonese to increase the guards and search, structed the Police Commissioner Wuhu, April 1. must be holding their ground A Remarkable Fact,

There is no change to record, the against spasmodic Northern at-

and incomers The consuming power of the situation remaining quiet.-British tacks.

weapons-Reuter. masses had been little affected by Naval Wireless.

From the despatches, it also | the troubles in 1926. The con-

Amoy April 11, They is no change in the local appears that the Nationalists are sumption of tea had slightly de-situation and nothing untoward to determined to stand their ground, report from Ningpol Foochow or As they have brought up naval Swatow-British Nawal Wireless. reinforcements to shell the enemy,

1J

NEW REVENUES £38,000,000.-

The Ministry of Transport

Abolished.

"

London, April 11. btroducing the Budget, the Chancellor of the Exchequer, Mr. Winston Churchill, said the total

But the revenue, though mauli ed and wounded, had in the main

of our island civilisation.

Exchange was an steady as u We had never any time rock. contemplated using the American credits obtained to safeguard the operation of the return of the gold standard, and we did not propose to renew them..

TEA DUTY NOT CHANGED.

Lordon. April 11. The te duty is unchanged. --Reuter.

creased, sugar and tobacco had increased. Bread and meat had

quer.

Mr. Winston Churchill.

new revenues would be nearly 438,000,000 and the prospective İsurplus this year £16,400,000, of which an additional £15.000.000 |would be paid to the sinking fund,.

Asking the Impossible. making the unprecedented figure Apart from the coal trouble the Or 405,000,000 to the sinking main feature of the 1926 revenue ffund. leaving an estimated surwas the failure of the income tax, which was £12,000,000 below the

GOAT LEADS MARCH.

2nd Battalion Welch Regiment Entrains.

1

London, April 11.

continued.

Chuchow's

Summed up, the position is not in favour of the Cantonese but the Northern advance seems to have been partly checked.

"EARLIER MESSAGES.

Shanghai, Apri) 11.

outgoers for

EARLIER MESSAGES.

Opinion, in London Circles.

Londen, April 11, If the Soviet Embassy is with- drawn from Peking as a conse- quence of Chang Tsa-lin's police raid it is the opinion of diplo. matic circles in London that, this would be regarded as an open de-

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not dilninished. Beer and spirite The 2nd Battalion of the A wireless message from Nan-claration by Russia of partisan-

lone reflected the social and in-Welch Regiment entrained at kig via Chinkiang dated the 10th ship in the Chinese civil war. dustrial struggles to the exche-Tidworth this morning for South inst. while meagre points to the that Litvinoff's note bespeaks.in The "Daily Telegraph" says ampton, where it embarked for fact that the Nationalists suffered, The most remarkable fact was China.

serious reverses on two fronts, every line the baffled rage of a de- that the trade of the country flow- The Regimental goat headed Following the withdrawal of the tected culprit.-Reuter.

French Opinion. Nationalist forces from Pukow to ed in a manner scarcely conceiv-the march to the station.

The Air Force squadron which Nanking on Saturday the mili

Paris, April 11. able. We still remained the greatest creditor nation and the is going to China will sail on the tary stores crossed the river in viet Nota to Peking na feeble.

"Pertinax" describes the So- financial centre of the world. steamed "Neuralia" from South the direction of Nanking from

"Le Journal" is of the cpinion ampton on April 20-Reuter.

Pukow yesterday, while the artil Further Sailngs. lery mounted on higher points that Chang Tso-lin is trying to London, April 11. around Nanking was trained on provoke the Russians to warlike "action In Manchuria, which would The 2nd. Northampton's, the Pukow ready for action. 2nd. Scots Guards, and the 10th It is persistently reported in force the Japanese to" intervene plus of $1,400,000 for the year estimate. On the other hand Field Ambulance Detachment of Nanking that the Fongtien forces but the Bolsheviks are not going 】

the R.A.F., sailed for China on the are rapidly advancing down the to expose themselves to such dan TWO MOVEMENT creased £24,000,000.

"City of Marseilles."

Tientsin-Pukow Railway, from Fers.

Their best weapon is Sungry loans and miscellane The 2nd Welch drafts, the Mid-which direction gunfire was heard

paganda and in order to wield ous revenue exceeded the estim-dlesexes and Green Howard's left in Nanking.on Sunday.

Five for China on board the "Derby-

hundred Nationalist this freely they are ready to ate by £8,500,000,

shire."-Reuter.

wounded have been taken to Nan- swallow worse insults than the in- king from Pukow during the past vasion of the Peking Embassy few days..

Sun Chuan-fang's grounds. It concludes that now troops appear to have arrived in is the moment for the Powers to force down the Grand Canal oc- take united action. There must cupying strategic positions along be no unnecessary violence but the north of the Yangtse in the firmness is absolutely necessary.

-Reüter. Chinkiang area.

Renter.

Departments Terminated..

estate duty and super tax had in

Läter. Introddeing the Budget, Mr. Winston Churchill announced the abolition of the Ministry of Trans. port. while retaining the Road Referring to the demand for a Department; the distribution of £40,000,000 cut in the national ex the functions of the Mines De- penditure, Mr. Churchill said to partment over other departments; cut the fighting services by and the termination of the separ£20.000.000 would cause a panic, nte existence of the Department to cut the exchequer contribu of Overseas Trade,

He added that it would be dis- cordant with the spirit of the re- quirements of the time to abolish the Ministry of Labour and it would be premature to liquidate the Ministry of Pensions, There' would be a marked contraction in new entrants into the civil ser vice-Reuter,

STRIKE LOSSES,

Chief Cause of the Large Deficit.

tinons, to education, health and local government would cause a convulsion that might lead to the replacement of the financial-dieta.

k

EARLIER MESSAGES.

More Troops Sail From Home.

London, April 11. Two" companies of the 1st

Ir

"JOINED" "CANTON.

pro-

asked to carry on, whether they be missionaries or business men. This sounds more hopeful after the re- cont disturbance but still things are far from settled in the

city, and conditions are much more dis turbed in the country districts.

Bandit Terrots.

Last night a train carrying 1,200 cases of machine gun am- tor attempting it. (Laughter). Northamptons left Brookwood munition and two hundred cases

£21.500,000 Deficit.

this morning for Southampton of shells were sent forward to The expenditure for 1927 was where they embarked for China, Chinklang from Shanghai: Reu- estimated at £818,390,000 and the the band playing "Land of Hope ter.

The and Glory" followed by "Auld revenue at £796,850.000, estimated deficit was thus Lang Syne" as the train steamed £21,540,000.

Ì out of the station, As regards the increase in ex- The remaining two companies"

Another Province Goes Over penditure of £40,000,000 of that will follow-Reuter.

to the Nationalists.

A missionary who has recently was due to the automatic execu- French Foreign Legion.

arrived from Li-kiang reports that tion of the decisions of previous.

Paris, April 11. [From Our Own. Correspondent.] the brigand, Chang Chieh-pa made Parliaments and Governments, ii..

raid on a village (just outside "Le Journal" announces that

Yunnanfu, March 80. cluding the increase in the sinking two battalions of the Foreign

Talifu) on a market day and car- The Government of Yunnan pro-ried off 200 people, twenty of whom fund, the automatic increase in Legion are ready to leave Algeria vince has definitely decided to were killed at once, and the re- In House of Commons, the old age and other pensions, tha to reinforce the garrison in throw in their lot with the Kuomin-mainder held for ransom, whilst Chancellor of the Exchequer, M. growth of grants to local author French Indo-China.

tang Party. Winston Churchill, introducing ities, the development of housing The recent revolution in the The new Minister of Foreign everal others jumped into the lak

in terror. the Budget, said the total loss of schemes and the expansion of the province of Yunnan has caused Affairs, Mr. Chang (who worked

The soldiers pursued the revenue or increased expenditure Post Office and road fund.

some anxiety owing to the fact with the late Dr. Sun Yat-sen för in consequence of the general The present Government was that some of the leaders of the three years) has taken up his duties gande, but failed to get in touch.

Some villages in the neighbour. strike and coal stoppage- was directly responsible for £17,000 coup d'etat are Nationalists and

It may be easy to see "eye to hood were burnt by the brigands. £32,000,000 in 1926-27, and the 000 of the new expenditure, chief- have established touch with Caneye" on every matter with the Can- The city is still over-run by sol- additional prospective losa was ly for widows and old age pen ton, while the despatch of troops ton Government, but the Yangan diers, and residenta. will be very £9,000,000 in 1928-20..

sions and the beet sugar subsidy, from Indo-Chine to Shanghai de Government will do its best to glad to see's few thousand of them leave for other parts-a genuine but economies almost exactly balpleted the forces available to co-operate anced thage,

meet any possible Nationalist Protection of foreigners has been raid on bandits would be a good

are outlet for their energies. promised and all foreigners. threst from Yunnan-Reuter.

London. April 11.

That was the overwhelming cause of the deficit of £36,500,000 and the severe additional loss.

(Continued on.Page X)

here.

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