1920-01-26 — Page 7

WORLD'S FINANCIAL OUTLOOK :

HOW GREAT BRITAIN WILL TURN THE CORNER.

FUTURE OF LIBERALISM:

MR. ASQUITH ATTACKS COALITION GOVERNMEET.

BOLSHEVIK ACTIVITY IN ASIA:

MISSION ARRIVES AT KABUL WITH TURKISH ENVOYS.

"LATEST CABLES.

(THROUGH REUTER'S AGENCY.]

WORLD'S FINANCIAL OUT-

LOOK.

FRENCH POLICY.

THE HONGKONG DAILY PRESS

A MINISTERIAL DECLARATION,

PARIS, January 22nd. M.. Millerand, in a ministerial declaro, MR. CHAMBERLAIN'S OPTIMISMtion which was read this afternoon in

REGARDING BRITAIN.

the Chamber and the Senate, emphasised that in order to obtain legitimate benefits 5 Lexdoy, January 21st,.~

from victory it was necessary neither to Mr. Chamberlain, speaking at Birming make less effort nor to display less self- bam referred to the world Anancial situa denial than were required to obtain vic tion, and said that the first thing for

tory.

The era of sacrifices and restric- European nations to do was to set their tions had by no means come to an end pwn houses in order. We could not con. The duty of citizens could be summed up tinue borrowing one from another, or in four words: Produse more, consume From our own people to meet the current less. The Government's principal concern Government expenses. He regretted must be to find sources of taxation with- greatly the cables from America which out discouraging the spirit of enterprise, stated that the policy of the British He contended that it was morally just Government was to borrow rat sums that war profits should be particularly

MB ASQUITH ATTACKS COALITIONË

I

MONDAY, JANUART MOTH, 1920

HOW, BOLSHEVIKS STAND. NEW FUTURE FOR EUROFE FAR EASTERN CABLE

HOPE FOR DENIKIN'S FOROES

MR. BALFOUR'S FAITH IN 'THE PEACE CONFERENCE.

NEWS.

[ET QQURTESY ON ** THE CHINA MAIL,”]

TRADE COMMISSIONER IN MALAYA STATES.

A

SINGAPORE, January 23rd The Trade Commissioner appointed in the Malaya-States expects to sail" -för" Singapore towards the end of February.

"(THROUGH REUTER'S AGEINUT.}

KERIOUS OUTLOOK FOR FOREIGN

MISSIONS**e

LONDON, January 20th

'ON ITS ZIGZAG OF "COMPROMISES

AND INCONSISTENCIES.“

LONDON, January 2nd An authoritative weekly summary of Loynoy, January Sh.the military operations says that, since

LANDEN, January 3rd * Af a banquet of Mr. Asquith, speaking at Cambridge the opening of the offensive on January Unionist Association, Mr. Bavoury re to London recalled that forty years ago there were 4th the Letts have retaken their own ferring to the last few years, said what only two parties. Now the Labour Party country, to a depth of forty miles and over was ahead for the British Expo was the most formidable rival. He said captured 13,000 prisoners. The Bolsheviks in the future, the historian would that Lord Haldane's magnificent and un-still occupy.sixty miles of Lettland, asuredly say that when the ha paralleled services to the country in the In South Russia in the respite afforded to supreme trial came every section of cre greatest crisis in its history would be vin Dabikin, owing to the swollen condition Party in the diverse and dicated by time before long. He was of the Don and the railways destroyed in components of the empire rose of opinion that the heaviest indictment the recent retreat, the opposing armies unity of spirit unequalled in the

and, without hope or desire for against the Coalition Government was are being regrouped

༣

Nevertheless,

* The Tinte, in a leader, boints one that personal or national gain, threw them that while the Peace Conference was re-Denikin's losses in material gravely affect selves with decisive effect into the great all foreign missionary- sociaties are seri- distributing territories, repainting maps. his future operations,

struggle of humanity against allen ously hampered by the high cost of living, and imposing her there and everywhere

domination. Were they successfult

and also have to contend against an among our late le intolerable and

Looking around Europe, seeing the econo abnormal rate of exchange. The addi impossible burdens, it made no serious of

societies in India and China. mie disaster brooding over the great

tional cost to | sustained attempt to secure aren the

countries, seeing the whole of the vast £400,000. To this must be added the through loss of exchange alone is over foundation of the possibilities of a peace

empire of Rusein dissolved in septic conadvance in every item of expenditure affects and sacrifices of mankind have re- that the societies, instead of embarking on vulsion, one was apt to 'feel that the with the reaalt that the possibility is ceived as yet but a very imperfect reward: a generous forward movement, may have Mr. Balfour, continuing, said that they to curtail or even abandon activities in had created now countries in accordance schools, hospitals and dispensaries; a with the principle of nationality-the possibility which creates a situation call- principle which, as far as human. foreing for the most earnest consideration not sight, could see, ought to diminish the only of societies bit of the public. chances of future disasters. It is trus

In Siberia the Bolsheviks' advance has slowed up and they have taken Dator's Headquarters at Sergiopol

The Democrats at Irkutak are maintain ing order with Allied assistance, but Red th Russia. The Coalition's Russian tags have appeared on some building Juicy was ill-inspired and mistaken The Democrats are endeavouring to form

m the first. Such a large community new Government with the programme Russia must decide for itself, whether of the cessation of civil war and the opposition of the Atamans and the Japanese.

rignty or wrongly, whether for illor good, its own form of government.

Admiral Koltchak has informed the Now, at last, the Government appar Allied High Commissioners that he is refusal to enquire. Could there be s ently bad acttled on a policy, namely, the remaining, at Nijnindinsk, with his that peace has not yet brought whas most WHY AMERICA WITHDRAWS

better illustration of the drawbacks of a

Peace Conference. He was confident that

TROOPS FROM SIBERIA.

WASHINGTON, Jaquary 16th. The Government's Note to Japan, con-

Ministers,

thought they had the right to except

from America for the purpose of lending heavily hit. Finance would not permit Coalition Government than this zigzag, and was ceremoniqusly received. Two is was not the fault of those who repre-cerning its decision to withdraw American

A Bolshevik mission, arrived at Kabul, He did not think it was the fault of the

emissaries from Constantinople have also sented them in Paris. If, in addition to troops from Siberia, states that the rain- arrived

them to other. European nations. That had never been so."

the State "assumption of exclusive ex- ploitation of the national wealth. The Government proposed a formula provide. ing for co-operation between private initiative and the State.

He believed that the National Debt, had reached its maximum. Once we turned the "corner, which, be thought, will be during the next financial year, it will be our business to consider the funding of the large existing floating debt, thus re moving from commercial and financial centres the cloud of anxiety which its pre-settle disputes by means of arbitration sent size had created

Mr. Chamberlain said, the

some favourabló

Trade was Tary pro

verse balance of traste reduced it had foi leva for the past year, and disappointed if the

out this descit

balance inom

£150,000,000. He was was of opinion,

shall be able to look trials and

curiosity,

will be

'few years we

to the present an historical

The Government's Labour policy was to guarantee to Labour a legitimate share of the profits as well as organisation of the conditions, and seek to prevent or

The Government would leave nothing un- done to strengthen the League of Nations,

would be un pardonable frivolity to to the promises of the date for safeguarding immediate

texigentes required a consitler

this series, of compromises, improvisa tions, accommodations, insincerities and zaconsistencies i

The British military mission, with Denikin, reviewing the recent operations in South Russia, points out that the pre respite will be used by Denikin in raising further re-inforcements which should shortly be available to replace

country has caused both the Don and the casualties suffered during the retreat, and adds that the imminent danger to their Kahan Cossacks to rally whole-heartedly to Denikin

Dealing with Home Rule, Mr. Asquith said it was impossible to govern Ireland with coercion in the one hand and cons ciliation in the other. The only way Ire land could be made loyal to the Empire

League of Nations, giving to the Irish was to apply the principles of the

people, in a most complete and a moot uncompromising form, control over their own affairs

the readjustment of frontiers, they could fartement of troops is impracticable, and

to introduce a more reasonable frame of use instruments to the League of Nations the maintenance of the status quo might involve the Government in an undertak- mind into the democracies of the world, ing so indefinite as to be inadvisable. The they would have done a great deal, but Government regrets the necessity of the they should not fall into the mistake of

decision because it seems to mark an end, supposing that, because they gave univer-afort of Japan and the United States to at least temporarily, of the co-operative

ambitions and greed which ended in and seemed to give a promise for the sal suffrage and created a democracy, assist the Russian-people which has they, therefore, eliminated the petty already begun to bear important results disaster.

future. The Government does not relin

Mr. Balfour combatted the idea that," quish in the lenat its deep interest in the because political erimes had so often bean political and economic fate of the people committed in the past, there so us

af Siberia, nor.its purpose to co-operate with Japan in the most frank and meet friendly manner in all practical plans for the political and economic rehabilita tion of Russia.

Jong long with

The Mission describes the, situation as and emphasises that the further course of "to all appearances somewhat better," the operations will probably be in throur trying to diminish their number. Much of that side which is making the best had been done within countries to render sd of the respite in reorganising and crimes of violence more and more impor Deferming This is naturally easier for sible Why cannot this be dry het geen

Denikin, who is nearer his base and re different countries It may gene deep into their enemy's country and and the result more sources, than for the Bolsheviks, who have business, but the busin depend for supplies and equipment on out displaying undu piitially destroyed railways. It is added retain faith that much depends upon the support that the battle of fight is worth fighting, rded to Denikin by the population in for with certainty it will ultimately erid that he still commands their full con the rear, The latest reports seem to show in something approaching victory. fidence and loyalty.

Mr. Asquith said that the Anti-Dump securing the reparation to whitblifrance

ing, Bill not only vialated all the was entitled

One of the first problems fundamental principles of Free Trade, would be a new organisation of the mili. but the fundamental principles of

and nayal, forces in which Romio Liberalism. But for a Liberal Govera

Predicment, of which he had been the head, se di duration of fervite. The Treaty should have had no enfranchised dente of Versailles, which would be carried out cracy, we should have had a greatly re with unshakeable 'firmness, involved the stricted and monopolised trade, and we close and cordial maintenance of the should have had Labour still at the mercy alliances which had saved the world. of capital. It was by following the prin France was determined to maintain ciples of the Liberal Party and this alone relations of confidence and friendship that we could secure for the country a with the smaller Powers. She would not destiny worthy of its past,-(Applause).- POSITION OF CAUCASUS ARMY. forget it was ber duty to guarantee respect for stipulations to them which

COTTON GROWING IN THE should contribute to the maintenance of

EMPIRE.

peace.

PROUD TO BE BRITISH SUBJECT PRINCE OF WALES FRAISES CANADA CAN

LONDON&nuary 24th. The Prince of Wafel, speaking at a ban- quet of the Coldsmiths Company and refer. RUSSIAN TRADING AGREE-

ATTITUDE OF THE COLONIAL OFFICE

the

AMERICAN SHIPMENT OF SILVER.

NEW YORK, January 18th. 400,000 ounces of silver has been shipped fou still to China. and belie

Mr. Balfour believed that the conscien tions efforts of the Paris Contureny will be seen in the lifetime of his bearers, an thay ban germs of new future for Europe

AIR FORCE MEMORIAL.

PRINCE ALBERT ISSUES AN

OBITUARY:

LONDON, January 20th

The death is announced of Admiral John McClure, Chinese Mandarin of the bigbest class, who was Inspector General War when his fagship Ting Yuen was of the Chinese Fleet in the Chino-Japanese

torpedoed.

POLAR

EXPLORATION. ARRIVAL OF CAPTAIN HANSEN AT

THULE

LONDON, January 2nd. The War Office announces that on the extreme right of the Caucasus Army, a Bolshevik Coluint; which entered Kislyar, was driven out by a counter-attack on January 1st. On the centre and left LONDON, January 23rd.fonts of the Caucasus Army, the Russiatis Colonel Amery, in the course of a state have been forced back from the line of the ment on the report.of the Empire Cotton Sal, astride the Tsaritsin Ekaterinodar

Loxion January 21st, Prince Albert, appealing for subscrip-

The Tidensten publishes a telegram Growing Committee pointed out that Lord Railway. Farther West the Bolsheviks tions for the Hoyal Air Force Memorial from Captain Godfred Hansen, the Arctic of the development in cotton-growing east of Rostov, and succeeded in forming required. The objecte zasta, erect: a Milner is keeping himself closely informed made repeated attempts to cross the Don Fund, says it is estimated that £100,000 is explorer, reporting "that on August 21st

Development Committee for the purpose places. To the west of Rostov attempte ing the Dominions, subjects throughout the Empire. "We all operative Union, who negotiated the Rus He recently appointed a Colonial anal bridgeheads on the left bank at two monument to all the An Egtvicts, includ- of Thule, in the northern part of West

ting to the Domini said that his modest public services in recent years bal brought him in touch with the splendid character and public devotion of his fellow-

MENT. THE CO-OPERATIVE UNION.

PARIS, January 20th.

T

The Vice-President of the Russian Co may be most proud to be British subjects.an Trade Agreement with the Supreme I am intensely proud of it, particularly

atores

ief of

now that I have started travelling Young Council, explains that the agreement has Cotton-Growir Committee's recommend heavy losses. The Bolshevik Cavalry lost children of airmen, the provision of Amundsen's Polar expedition. All the

the Empire seeing something of the Dominions for myself. Anyone who been to Canada cannot help

To political character. The Union was

organised in 1870. and comprises 500

50,000 local societies having

な

of being a Britisher. T think I shall the membership of twenty-five millions. It fnd same thing in Australia, New Zea operates throughout the whole of Bolshe Jand and South Africa Tato

identik and Non-Bolshevik Russia. He de

his expedition safely reached the station.

establishment of Greenland, and there landed, of studying the problem Midy of the to cross were completely repulsed with places for the residence and education of which are destined for the tions are already being carried out. The is guns, 100 machine-guns and a large ance to disabled and infirm officers and detailed statements are promised The Committee appointed by Lord Milner to number of prisoners On the Crimea men and their dependenta,

bursaries at approved schools, and assist members of the expedition are well, and.

tural Departments in the various colonies isthmuses of Changar and Perekop, inquire into the position of the Agricul front the Bolsheviks are approaching the has, also, made, considerable progrese Amongst the members of this Committee Chairman of the Cotten-Growing Com was Bir Henry Birchenough who was

mittee.

SHIPPING CONTROLLER'S ACTION NEW CARGO RATES.

LONDON, January 24th,

W

AMERICAN OFFER TO BRITISH BOYS.

stores, when and as they areri required by Amundsen, will be brought to Cape Columbia, at the expense of the Norwo gian Government, in order to assist him when returning this way from the North Pole by the help of sledges after he lus left his ship, the Maud.j

that there will be no better example of clares that Russia poses record

of the Lafayett. Eglish, boys to have public spirit and patriotism that I have stock of wheat, cercala, cattle, and flax,

An opportunity is offered, through the kindness of the Sulgrave Institution and to follow the rest of my life than the whereas Russia wants agricultural im

Captain Hansen, who was a member of New York, for six English, boys to have Amundsen's second Gjon Expedition to example of my own fellow-countrymen. plements cloth tissues, shoes, locomotives, every Governor concerned with a cotton new freight rates from January let. Jortion in agriculture at the State Agricul haying been sent beforehand by the The reports so far reenived showed that The Shipping Controller baa framed Morrisville High School, New York At the begining of June on board the a course of one year's free education at the North-West Paige, left, Copenhagen GEORGIA AND AZERBAIDJAN. nu

nufimobiles, and medical supplies. For area was eager to extend the crop. In cargo owners who are directed to load tural College at Morrisville. The expenses schooner Dorothea with orders to meet the State, followed by two years free educe the provisions intended for Amundsen Greenland steamer Hans Ebede, part of APPEAL TO ALLIES FOR HELP-

thermore the Allies must provide fonnage, Uganda, particularly, the present year's homeward Government cargoes owing to of the boys journey to New York will Hans Egele at Tasiinsa, the farthest FAR18, January 19thing to the disappearance of Russia's crop. alows a very marked advance..

Dealing with the report's emphasis on the increased cost of bunker coal, port maintenance and education for the three Gremland Commercial Company.

have to be defrayed, but their entire northern station belonging to the Danish tonnage All exchange of commodities the necessity of trained men Colonel delays, and increased cost of lading and years ofurse will be met by the Lafayette Tasjinsak Hansen intended to Cross

Amery said that the Colonial Office Coma- George, M. Clemenceau, Signor Nitta Unicus which will buy direct from the permanent relief can be found until the ton to Britain From Cube, it will be farmers or others interested in agriculter the stores will be transported to Etah

mittee examined the question most care discharging.

Memorial Fund Boys of from 15 to 17 Melville Bay and reach Thule, on the Marabal Foch, Field Marshal Bir peasants,

years old are required, and a splèndid 78deg of north

During this win-

will

From

The Allied leaders, including rose arranged through the Cooperativo fully and ging to the couchwion that no The following rates are all shillings per opportunity is thus offered to sons of ter fo two blonde there w

Herry Wilson, Mr. Churchill and

post-war studenta complete their courses. In connection with the decision of the the establishment of a College of Tropical River Plate-107s. 6d.

Consideration is further being given to 85s,; from Australis 130s; and from the ture to equip themselves and obtain a with fourteen sledges to Cape Morton. whence he will move in the early spring Admiral Lord Beatty to-day beard Supreme Council to open trade relations Agriculture in the West. Indien, the results

thorough knowledge of American methods where there is much game-e matter vital delegates from Georgia and Azer with Russia it is pointed out that before which will be of the greatest use to the The present Government rate for angar hun been beartily approved by Lord Lee,

and agricultural science. The proposal to the Morton, Kennedy Channel will whole Empire...

fooding of his dogs. baidjan who urged the Allics to send the war a considerable part of British by the lack of transport facilities and River Plate, 62s. 6d., and for grain from It is required that the boys chosen should where there is also plenty of game. Here

The development, generally,

From Cuba is 50s, for grain from the President of the Board of Agriculture, he crossed to Fort Conger, Grinnell-Land, is limited them immediate shipments of grain in importe came from Russia. Great Britain this is one of the questions on which the Australia 10588 return for certain commodities, also to annually imported from Russia 450,000 Colonial Development Committon is co-

return to England at the end of their the hunting party will remain, Hansen fons of wheat, 53 per cent of her cagments are proceeding in Uganda with the -supply without delay waz material to

course. In addition to this generous offer continuing with a single Eskimo to Cape centrating its attention Important experi- AMERICAN STEAMER LOST

from American friends of this country, Columbia where he will await Amand enable them to resist a Bolsbevist attack essential commodities. The Food Cor-

and huge quantities of batter and other locotractor system.

the Colgate University, of New York son's arrival in April, 1929. The dopo PATAKY ONLY ONE SURVIVOR It is noteworthy in connection with Col.

State offers three free scholarships for a consists of No decision was taken, but it appears roller recently sent Mr. Lloyd George a Committee's report, while dealing

provisions sufficient for, thres Amery's remarks that the Catton Growing

four years course at that excellent seat and detailed route for Amandeen, men, together with guns ammunition, probable that the Allies will endeavour letter, advocating a reopening of trade the possibility of development in Queens wrecked off Cattegat. It is presumed she ça. All applications, with references and of Reinsdy Channel The distance per

COPENHAGEN, January 20th.

of learning to young Britishers, who will directing him how to reach Foft Conger, with established cotton areas, alludes to

mainly The American steamer Mache was from the time of their landing in Ameri-stay, the summer, awaiting the freezing

be maintained and eduented free of cost where it may be necessary for him to assist these States to the best of their relations with Russin as he believed the land and Oceania, but say that the ovi struck a mine. There is only one sar testimonials, should be addressed to the formed by the Hans Expedition will be power in order to farm a barrier in applies obtainable there would material-dence is insuficient to show whether the Trans-Caucasia against furiber Bolshevist aggression towards the Middle East. ly effect the cost of living in England.

recent revival of the industry will outlast viver out of crew of fifty and thirty-eight tral building Westminster London, sen is the only white man, the rest being secretary, Bulgrave Institution, 1, Cen- 600 English miles in each direction. Hap the present period of high prices.

Chinese

S.W.L

Eskimon

to