1929-07-10 — Page 12

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MORE DISCUSSION ON YEN WILL REMAIN

REPARATIONS

IMPORTANT POINT

BRITISH GOVERNMENT AND FRANCE'S ATTITUDE

COMING CONFERENCE

In the House of Commons, in reply to questions, Mr. Philip Snowden (Chancellor of the Exche- quer) said the loss to Great Britain in consequence of the departure from the Spa per centages in the Owen Young report was approxim- ately, £2,400,000 per year, the capi- talised value of which is £37, 500,000.

This country was, however, no- wise committed to the acceptance of the recommendations of the Young Committee, which would be discussed at the forthcoming Inter- national Conference.

Col. Wedgwood asked what steps had been taken to indicate to the French Government that if the capital sum due to America for stores sold to France after the war becomes due owing to France's

failure to ratify the American debt agreement, Great Britain will re- quire a similar payment.

Mr. Snowden replied that Mr. Churchill, last May, sent to the French Minister of Finance a re-

minder that the principle of pari разви payments to Great Britain still holds good. The Government were watching with very consider- able interest the discussions now proceeding in Paris thereanent, and if the circumstances contemplated In the question should arise the Government would certainly insist on the conditions laid down by Mr. Churchill.

International Conference

BUT ONLY FOR NEXT THREE MONTHS?

CHIANG'S PLANS CHANGED

Peking, Yesterday.

A conference, in which Chiang Kai-shek, Chang Haueh-liang, Yen Hsi-shan, and. Mr. Ma Fu-cheng (Feng Yu-hsiang's representative) took part, was held yesterday at the Hotel de Pekin.

FRIENDLY TOWARDS

CHINA

HELPFUL, HAND

INTERNATIONAL CHAMBER EAGER TO CO-OPERATE

ECONOMIC DEVELOPMENT

Amsterdam, Yesterday. It is understood on reliable

At this conference it was decided authority that the International to issue a proclamation to explain Chamber of Commerce is very de- the present political situation in sirous of doing everything in its North China and to convey the sin power to co-operate with China in cere hope of the leaders of the Cer- her work of economic development. tral Government that Yen Hsi-shan and the attitude of the Chamber is will remain in office in the present one of benevolence and goodwill.- difficult period.

Feng's Position As regards Feng Yu-hsiang, the Central Government having cancell- ed the warrant for his arrest, will tacitly regard him

as one of the important personages of the Central Government and best efforts are being made for his personal safety, no longer be although he will recognised as Commander-in-Chief of the Kuominchun.

General Yen Hai-shan has been assigned to the rehabilitation work in the four provinces, Shansi, Shensi, Honan and Kansu.

Re-organisation and disbandment of the 2nd and 3rd Army Group? (the Kuominchun and Yen's army) and the Army in Manchuria under Chang Hsueh-liang will be proceed-

****£*$$$*********

Degrees

Temperature, 10 am., to-

day

83 Temperature,

4. p.m., yesterday

.90 Humidity, 10 a.m., to-

day

90

Humidity, 4 p.m., yes.

terday

64

Paris, Yesterday. The French reply has been for- warded to the British Foreign Office and agrees to August 5 for the holding of an International | 9669ESERVESLOWDE Conference with regard to repara- tions but suggests Switzerland as the venuc.-Reuter.

ON THE RHINE

NO MANOEUVRES BY THE BRITISH TROOPS

LABOUR'S POLICY

London, Yesterday.

ed with in accordance with the

resolution passed by the Military Disbandment and Re-organisation Conference held at Nanking some

time ago.

Final Submission

Reuter.

JAPAN'S POLITICS

OUTLINE OF NEW GOVERN- MENT POLICIES

RETRENCHMENT

Tokyo, Yesterday. A statement which is considered of first-rate importance has been issued by the Government, outlining the foreign and domestic policies, which it intends to follow.

Firstly, emphasis is laid on the necessity for friendly relations with China, to which and the Govern- ment promises to exert itself to the utmost, aiming at mutual prosperity and refraining from everything aggressive. On the contrary, it will pledge every possible assistance to enable China to attain her legiti- mate desires.

Secondly, the importance of the League of Nations is stressed, and in this connection the Government will do its utmost to assist and co- operate with the other Powers, while exerting itself to help the cause of Disarmament within the Ilmit of not impairing its own national safety.

Thirdly, the Government will adopt a negative financial policy for the purpose of meeting existing conditions in the country. It will drastically retrench in all State: Departments, including the Army: and Navy.

It is inferred from the above that)

As the proposed financial reforms Yen Hsi-shan's final submission to pre-suppose the release of the Chiang Kai-shek's request not to Gold Embargo the Government will leave home is the outcome of effect the removal of the ban as Chiang's willingness to withdraw soon as the necessary preparations In the House of Commons, in re his demand for Feng's exile.

can be completed. Regarding the ply to questions, Mr. Tom Shaw

Chiang Kai-shek is expected to Gold Embargo policy, close obser (Secretary of the State for War) leave Peking for Nanking on July vers interpret the "necessary pre- said that no manoeuvres or inter10, while Yen Hai-shan and Chang parations" as including the trim- brigade operations would be car- Hsueh-liang, will return to their ming of the present Budget and the ried out this year by the British respective capitals two days later.-drawing up of next year's-so that Army on the Rhine (Ministerial

"preparations" are not likely to cheers).

Nan Chung Kao News Service.

be completed till 1931.-Reuter. Thanks The Government

Shanghai, To-day.

The Government would not will- ingly cause inconvenience or annoyance to the civilian popula- tion.

Mr. Shaw added that the cost of

the British Army on the Rhine for the year ending March 31, 1980, would be £1,278,900.-Reuter.

THE KING

CARRYING OUT NORMAL ROUTINE WORK

London, Yesterday.

It is officially stated at Bucking ham Palace that there is nothing to report with regard to the King's

condition.

His Majesty rose at his usual hour to-day and carried out his normal routine of work in the morn- ing. Recuter.

Mr. G. L. Ham, President of the George Town Municipal Council, | arrived from England by the "Patroclus."

Traffic accidents in California

As the outcome of his agreement with Chiang Kai-shek, Yen Hsi-zhan cabled to the National Government last year accounted for the death expressing his decision to remain of 1878 persons and the injury of 29,000. Thirty state-wide or- in office. He expressed great grganisations are seeking a safety titude to the Government for its earnest advice to him not to leave programme to curb these costly ne-

cidents. China, but he was much actuated by the feeling that he might be ac- cused of being unfaithful to Fang Yu-hsiang because he is remain retire-Nan Chung Kuo News Ser- ing at home,

vite.

However, he is not unmindful-

Chiang's Movements (he stated) of the fact that if he

Peking, Yesterday. went and consequently gave up all

Chiang Kai-shek will probably be the duties which the Government returring to Nanking to-morrow, had entrusted to him, he feared that he would not be loyal to the although it is expected that he will not go before he has conversed with nation and to the Kuomintang.

So, after careful consideration, Dr. C. T. Wang (the Foreign Min- he has decided to carry on in the moned from Nanking to assist in ister), whom Chiang Kai-shek sum- hope that in a period of three monthe, he would complete the the conferences. work of military disbandment and Chiang's preparations before, his re-organisation in the North-west, departure, with a wealth of mutual after which it is his intention to entertaining among the leaders

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now here, indicate that the more important discussions on domestic affairs have ended.

It is understood that in addition

| to bringing influence to bear on his friend Feng Yu-hsiang, Dr. Wang will discuss Sino-Japanese and Sino- Russian fsanes with Chiang Hsueh- Hang of Manchuria Reuter.

Last Minute Change

Peking, To-day. Chiang Kai-shek will probably not leave for Nanking to-day as pre- viously reported, as he and the other two leaders, Yen Hat-shan and Chang Houch-liang, will holdi another conference at the Western Hills. It is believed that after the conference Chiang will wait for the arrival of Dr. Wang, who is on his way North on a mission not yet made known to the Press,

↑ Chiang will probably make a journey to Hankow within this. week, before returning to Nanking.

-Nan Chung Kuo News Service.

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