1920-12-23 — Page 5

Page

THE HONGKONG DAILY

PRPS

THURSDAY, DECEMBER

3RD, 1830.

FARROW'S BANK COLLAPSE: PATHETIC SCENES OUTSIDE HEAD OFFICE.

NAVAL HOLIDAY

PROBLEM

LORD NORTHCLIFFE QUESTIONS MR DANIELS.

FRENCH IN

CILICIA:

M. LEYGUES DECIDES ON WITHDRAWAL.

LATEST CABLES. "{THROUGH KEUTER'S AGENOT.). FARROW'S BANK SENSATION. PITIFUL SCENES IN CHEAPSIDE.

LONDON, December 1st.

A startling development has followed the closing of Farrow's. Bank The Managing Director, Mr. Thomas Farrow, was arrested lą bis hauso üt Hastings, and Mr. Frederick Hark, one of the bank's auditors, was arrested in London."・・・

Although the failure of the bank is quite unimportant from a banking point öf view and the position of all the leading banks "Is thoroughly" satisfactory, it means a cheerless Christmas for thousands of people of small means who invested their life's savings in the bank. There were pitiful sceres outside the bend office (1, Cheapside, London). Many women depositors were in

tears.

DEPUTY-CHAIRMAN'S ARREST.

LATER

Mr. Crotch, the Deputy Chairmen of Farrow's Bank, was arrested in. the West-

End at 9 o'clock this morning. Mr. Hart and Mr. Crotch appeared at the Mansion House Police Court charged with publishing in connection with Farrow's Bank false The case was report and balance sheeti remanded, bail being granted in the case of Crotch in a sum of £40,000 and in the case of Hart in a sum of £20,000.

3.

The prosecution said than a shocking, frand bad been perpetrated. The bank was hopelessly involved. The annual lose

NAVAL. HOLIDAY PROBLEM LORD NORTHOLIFFE QUESTIONS ME, DANTELS.

་་

LONDON, December 20th. Brightened by reciprocally-conveyed 8x- pressions of love, views have been es changed on competitive naval programmes, apropar the "big" and "little

"ship controversy, by Lord Northcliffe and the American

Secretary of Navy, Mr. Josephus Daniels, according to -the Tomes Washington correspondent."

Lord Northcliffe, interviewed by the United States Newsagency, in London, points out that the British Navy is for defence, mainly for the defence of com- merce, and asks what naval combination that Mr. Daniels suggests it

TRADE WITH RUSSIA. NEGOTIATIONS TAKE UNFAVOUR- ABLE TURN.

THE IRISH SITUATION. BATTLE IN TIPPERARY.

LONDON, December 21st. It is reported that a battle took place in Hilizahone, Tipperary; in which 10 Volun- wors are said to have been captured, 10 were killed and many were wounded. Eight sokliers are reported to have been killed,

BILL

LONDON, December 20th.

FAR EASTERN CABLE NEWS.

ه فيمنة.

FOR

A FOREIGN LOAN

FAMINE RELIEF. THE CONSORTIUM'S CONDITION.

[FROM OUR OWN COELESPONDENT]

PIXING, December 1st., The Chinese Government bas approach.

ed the Ministers of America, Great Britain, France and Japan regarding a

LONDON, December 21st. The bape that the Bussian market would shortly be opened to British trade, thereby helping to reduce unemployment, appears, according to the latest infor- mation, to be doomed to disappointment. PEERS ACCEPT THE HOME RULE Sir Robert Horne had a long interview with M. Krasain yesterday. It is under- stood that the prospects of the ratifi-The safety of the Home Rule Bill which loan of four millions for famine relief. cation of the trade agreement by the is to be enacted before prorogation, wes British and the Russian Governments are assured in the House of Lords, this by no means rosy, owing to the disin afternoon, by the defeat of an importans reported to be progressing favour. amendment by Viscount Midleton by 91 clination of the British Government to make further concession. Mr. Lloyd Georga is seeing M. Krassin to-day. REMOVAL OF AMERICAN

RESTRICTIONS

E

14. Apart from a small modification made at the instance of the Lord Chan- cellor, the Peers have accepted the Com- móns” decisions as regards the Bill. LIST OF CASUALTIES.

The Ministers have taken up the matter with the Consortium, and negotiations

ably

One point, however, remains unsettled, namely, the Government's request that the money shall be handed over to the Ministry of Finance. The lenders insist that it shall be given directly to the foreign LONDON, December 20th.relist association as they are afraid the The War Office reports that 10 officers money will be used for purposes other and & soldiers were killed. 5 officers and than famine relief. on the exportation of coin, bullion and 13 soldiers wefe wounded, 8 officers were

WASHINGTON, December 1st. The Treasury and the Federal Reservs

Department, have removed the restrictions Board, with the approval of the State

.CT

currency to Soviet Russie, on dealings exchange transactions and credią or ex- change transactions where Soviet Russia is concerned.

FIUME CRISIS.”

ULTIMATUM TO SIGNOB

· ·D'ANNUNZIO.

Row December 21st.

missing, and I officer and 9 soldiers were injured in the murderous tack in Ireland in November

TITLE OF COLONIAL SECRETARY. MAJOR ORMSBY-GORE'S. SUGGES-

TION LONDON, December 20th.

In the House of Commons, Mr. Lloyd

the United States must guard against. He imagines the hawl which would come General Caviglie, commanding the George replied in the

from the Dominions if such an impossible Italian Forces around Fiume, has sent Ormsby-Gomegative to Major

question whether, in -view

situation as an Anglo-Japanese or Anglo- Signor d'Annunzio an ultimatum expir of the various descriptions of the territories Chinese combination were suggesteding at 8 o'clock, to-morrow evening, de- against America.

Mr. Daniels, replying, says that he wants an agreement between all nations that there will be no competitive build ing. Mr. Daniels says that a British Japanese-American or French-Italian- American alliance limiting building, can not obtain the desired result. It would merely be an alliance in the old sense. The only basis of peace is for all nations. to form a buttress in the world against the evil : Mr. Daniels says that he would. not recommend another three-year-old

manding the disbandment of Signor 'Annunzio's forces in Fine, the eva cation of the islands, Arbe and Veglia, which belong to Jugo-Slavin, and the sur- render of the Italian war material in

Fiume.

SHIPPING STRIKE. SERIOUS SITUATÍON IN MELBOURNE

MELBOURNE, December 1st. Over 100,000 tons of shipping is now

concerned, the Prime Ministe" would con sider the desirability of changing the name of the Secrdary of State for the Colonies to the Secretary of State for Imperial.

Administration,

GOVERNMENT SILVER

- PURCHASES, FOR COINAGE AND MEDALS.

Lordos,-December 20th.”“

In the House of Common, replying to Mr. Hancock, Mr. Austen Chamberlain stated that the Mius, in 1929 bought 100,000 standard ounces of silver bullon for.

It is believed that a satisfactory settle ment is possible."""

'ALLIES AND REPARATION. END OF FRANCO-BRITISH DIFFERENCES

TREATY UPHELD. FROM THE TIMEN" PARIS CORRESPONDENT:]

General satisfaction is expressed hero the happy ending of the Franco-British dif- ferences of opinion in regard to the procedure to be adopted to make Germany pay."

The atlafaction is all the greater in that it is generally recognized that the French paint of view has prevailed and that, excepting certain comparatively, unimportant matters of detail, the accord is now complete. It is mentioned with gratitude that the agreement. is largely due to the work of Lord Derby, who on the eve of his departure from the Faubourg Saint Honoré has once more show

The new agreement provides that the reparations, problem shall be dealt with in how great a friend he is to France.

the following manner ----

1.A conference, on which Allied experts ominated by the Reparations Commision will it with German experta, will first study the technical elements of the problem. The experts will then report to their respective Governmenta

-Another conference, composed of repre- sentatives of the Allied Governments a will consult with representatives of the G

Government, will then examine the pro blem of reparations in its entirety. This con

-Governments" ference will inform the Allied of its conclusions.

man

3-The Reparationa Commission, to which

the Allied Governments will have communi- The Central Government has been cated the results of the previous two conferen credited with a proposal to contruct aces, and which will be in possession of the loan from the Banking Group of views of the Allies, will then fix the German 850,000,000 under the name of the North debt in conformity with the Treaty. China Famine Relief Fund with the will then meet and take the necessary 4-The beads. of the Allied Governments

·Stamp duty of the whole country as semurity, st 6 per cent. annual interest, payment at 99, to be spent in engaging the famine-stricken people in the dredging of rivers and constructing roads, the dis- handment of soldiers and the promotion of industry.]

EARTHQUAKE IN NORTH

"CHINA.

CONSIDERABLE DAMAGE AND MANY CASUALTIES.

PEKING, December 21st. The vernacalar papers report that an earthquake was experienced in the North-Western provinces on the 16th inst. enasing considerable damage in Kansu and Shens provinces where houses collapsed, resulting in many casualties. At Tungchow, Shansi, a street caved in, burying alive all within the zone.

FLAG DAY IN PEKING.

be It

decision he remembered that these decisions, in the view of the French Government, will in particular, bear upon the question of guarantees and powers accorded to the Allies in the event of German non-fulfilment.

Thus, after long wanderings in the wilder- ness, we are back once more at the Treaty of Versailles, which set up the machinery of the Reparations

arstions Commission for the determina

tion-

a of Gerrean duen to the Allies. It is folt bere that the Reparations Commission is far more likely to samine practically and to insist on Germany saked to pay the properamount than would be vague peri patetic conferencer of the Allied Chiefs of State, of which the last few months bristle with so many melancholy examples,

At the same time the satisfaction that the French view has prevailed is tempered by regrets that the procedure is likely to be pro- tracted. While the first conference is to meet. at Brussels on or about the lath of this mouth. no dates bave yet been fixed for the other con- forences According to precedent they are got likely to be finally completed until the Ides of March are past.

or

SURVEYING THE WORLD: BY- WIRELESS.

SIGNALS TO FIX LONGITUDE.

during the lay nine years exceeded ing programme, unless it were absolutely idle, owing to a strike of marine stewards coinage, and 1,500,000 ounces for me Famino Relief Fund produced.noorly eight It is proposed to utiliza wireless tele

$1,000,000, but accounts were manipulated to show profit. It was emphasised that the Failure of the bank was not due to war or post-war conditions..

Farrow's Bank was incorporated under the Joint Stock Companies Acts, and had an authorised capital of £1,000,000. There were 4,000 shareholders and the shares Estied

I amounted to 700,000.]

CRIME IN NEW YORK. BOUNDING UP OF SUSPICIOUS, CHARACTERS.

NEW YORK, December 21st. The police were most active during the week-end dealing with the criminal elements. All known suspicious charac tera are being rounded-up and taken to the Police Station. They will be ordered to depart by the first train or they will be put in jail indefinitely.

Citizens are installing devices against gunmen, which include equipping build- ings with huge electric gongs and nume- rous electric pushbuttons.

LATER.

The crime wave continues. Two masked and armed men robbed the Seamen's Mis sion of $100, killing a man who offered

*amuistance.

PALESTINE - MANDATE.

QUESTION OF COST.

certain that the United States was going to stay outside the League.

Lord Northcliffe, in a rejoinder, says that Mr. Daniels has not answered the question as regards the membership of the possible combination against America, and submits that competi tive naval building is senseless, especial ly as the best minds differ as regards the future of sea-fighting. FRENCH WITHDRAWAL FROM CILICIA,

for an eight-hour day. The strikers have the support of the transport-workers. The situation is more grave than in any previous strike. Tasmania has been isolated, and 16,000 tourists are affected, while the disruption of communication between Australia and New Zealand is threatened.

BIG TRANSPORT COMBINE. DECISION' OF INTER-STATE COMMISSION,

WARRINGTON, December 1st... AFTER AGREEMENT WITH TURKEY. The Inter-State Commission has autho rised the consolidation of the transpor PARIS, December 21st. The Premier, M. Leygues, indicated tation business and properties, of the before the Finance Commission that the Adams, the American, the Wells Fargo Government contemplates evacuating and the Southern express companies into Cilicia after coming to an agreement with one company, styled The American Turkey and Kemal Pasha, and demanding Railway Express Company. guarantees against massacres of the

CLOTHING INDUSTRY SLUMP Armenian population.

REDUCTION IN MEN'S WAGES.

The Commission approved of the Pre- mier's declarations, and passed credits for Byria and Cilicia.

NEW YORK, December 21st, The conditions in the men's clothing

ADMINISTRATION OF JUSTICE industry are such that employers have

BILL

RECIPROCAL ENFORCEMENT OF

wwwali JUDGMENTS.

LONDON, December 21st.

announced reductions in wages averaging 20 per cent. below the present rates WAR FINANCE CORPORATION PROSPECTS OF REVIVAL MEASURE,

LONDON, December 21at- In the House of Commons, the Ad-

WASHINGTON, December Bist. The question of British expenditure in ministration of Justice Bill was read the The Senate has accepted the House Palestine was raised in the House of third time.

use nine of the measure of Representatives; amendment to the Commons, this afternoon, by General deals with the enforcement in the United joint resolution directing the revival of Page Croft, replying to whom Mr. Bonar Kingdom of judgments obtained in the the War Finance Corporation. The mea- law said that the acceptance of the superior courts in other British Domin- sure now goes before. President Wilson, mandate for Palestine was not intended ions.

who, it is expected, will veto it

CONSTABULARY BIOT,4

ARRESTS IN MANILA

to involta say permanent expenditure

Bir

Newton Moore asked whether this

on the tax payers in Great Britain. The involved reciprocity with the Dominions.

cost of the British Army in Palestine was The Attorney-General replied that the

not being borne by the Jewish popula tion. He did not haps that any British expenditure in Palestine would be paid hack, but the Government had no inten tion whatever of being involved in heavy expenditure there. The force in Palca tine was being reduced, but some must be maintained until the civil adminis- tration was able to maintain order and "resist, extornal aggression.". It was impos. sible to say when that might be.

function of this part of the Bill was to make provision for the reciprocal en forcement of judgments as between the United Kingdom and other Dominions. UNEMPLOYMENT PROBLEM. STEP BY THE CABINET.

LONDON, December 21st.

MANILA, December 1st Seventy-eight men belonging to the Constabulary have been arrested in con nection with the riot on December 17th.

OBITUARY.

at an average price of 56d. per ounce. GENERAL ELECTION IN SPAIN

DECISIVE CONSERVATIVE...

VICTORY.

MADRI, December 21st.

in Spain has re- The General Elect sulted in an overwhelming victory for the present Conservative Government.

FIRST TEXT MATCH. ENGLAND'S SECOND INNINGS.

SYDNEY, December 14th (1). At the close of play, Australia had scored sel runs in the second innings. Armstrong contributed 188 runs and Kelleway 18.

England had made 47 for the loss of one wicket in the second innings.

EARLIER UABLES. HELPING US. FARMERS. EMERGENCY TARIFF 'BILL'

ADOPTED.

ASHINGTON, December 20th. With the object of protecting the farm efs the House of Representatives Ways and Means Committee has approved the Emergency Tariff Bill, placing high in- port duties on cotton, wool, beans, potatoes

Hvestock and men.

AMERICAN NEWPAPER

SCANDAL DEFENDANTS SENT TO PRISON. NEW YORK, December 20th. Dr. Rumely and the two lawyers charged in connection with the sale of the Now York Evening Mail to Germans, in 1917, have been sentenced to one year's imprison- ment each.

PIXING, December 20th. Saturday Flag Day" in aid of the

themand dollars. To-day being the winter solstice, it is observed as a chcial holiday. BRITISH LEGATION GUARD CLUB

PREING, December 20th

graphy in determining the exact position of the boundary between South and West Australia The boundary is fixed by Act of Parliament as the 120th degree of long- tudest of Greenwich, The exact. post. tion of the longitude will be ascertained by the use of time signals from a high- power wireless station, situated at some point between Greenwich Observatory, England, and Sydney, in Australia, the signs being Toived simultaneously, as both stations.

Bir. Ballby Alston, this afternoon, cere monially opened the British Legation Guard Club which has been provided by the British community, but which will world are now collaborating in a redeter Most of the great observatories of the

afterwards be self-supporting..

{THROUGH REUTER'S AGENCY:} ALLEGED ATROCITIES BY JAPANESE TROOPS. BRITISH REPRESENTATIONS.

LONDON, December 21st

In the House of Commons, replying to Bir Robert Nowman, Mr. Harnsworth stated that the British Ambassador in Tokyo had siready made representations to the Japan ege Government in regard to the alleged

dination of the longitudinal division of the earth's surface by means of relase time signals, and this is one of the earliest nees of the system to settle a disputed posi tion

Given favourable static conditions, it has been found that signals from the Lyons wireless station, in-France, can be received in Australia as well as at Greenwich, and favoure signals from other stateing tested The

bly situated are also being tested. co-operation of the United States as well as the British Government has been invited. · The scheme is the first step to. wards a comprehensive redetermination of the whole longitudinal survey of Australis, A committeo has been appointed to carry. out the work in Australia, and include the State: astronomers, the Commonwealth

Royal Australian Naval Radio Bervice.— border. The number of Japanese troops in Tames. Manchuria is believed to be far below 15,000. There has been no question of THE GERMAN BUDGET, Japan assuming sovereign rights to Man £170,000,000 EXPENSES FOR PEACE churia. The British policy.

China was based on the maintenance of the territorial integrity of China.

atrocition by Japanese troops on the Korea

on the Korean Surveyor General, and the Director of the

Mr. Pemberton Billing suggested that interference is Ukely to lead us to a number of little expensive wars.

TREATY:"

The final Budget: estimates for 1920 were circulated recently to members of the Reichstag: The ordinary Budget balances at 39.8 millard marks (about £165,000,000). The income tax is estimated to produce twelve milliards, eight milliards of which, however, must be handed over to the Mr. Harmsworth replied that he did not Federal States The levy on capital is estimated to produce 3.5 milliards, and the think so, and pointed out that these mat non-recurring war lovy, on increases in the value of property ten, milliarde altogether, ters were regulated under the Angloat which as milliards will be credited to Украдме greement....

EMPLOYMENT OF CHILDREN IN

HONGKONG.AZ

LONDON, December 2015.

this year's Budget C Customs and Excise are estimated to produce 91 milliards.

The extraordinary Budget: estimates show an expenditure of 555 milljarð marka fabous £218,000,000), and the revenue is 2.9 miliards, 40-some fifty mil liards must be raised by loan, Tof this penditure forty-one milliards. (abou $170,000,000): is for - esperaes "connected with the exsoution of the Peace Treaty

NEWSPAPERS WITH A BITE At a utting of t

I the Railway Rates Advisory

In the House of Commons, replying to Mr. Cope, Colonak Amery said that the An ex-V.A.D. writing in the London Liovernor of Hongbong was being naked | Eester, Morning Post, on the subject of tatooing among the gentler sex, says: No doubt few what measures, if any, ware contemplated go in for the somewhat crude designs as regards the resolution of the Stuitary popular among our bluejackets. Is how. Board, which was thrown by the ever, tattooing, in its more delicats forms Legislative Council, demanding bye-laws Committee Mr. W. M. Ferta assistent to so rare among girls to-day as might be prohibiting excessive hours of employment the parcels manager of the South-Eastern suppored! When I was on service in the for children in factories and workshops, and Chatham Railway, "questioned sa to Balkans there were no fewer than three and prohibition as regards children under special rates for certain classes of goods, remarked Take parcel of newspapers KG DEAD NEw Yoar, December Slat..." nurses in my tent who were tattooed One thirteen.

Replying had two butterflies on her left shoulder r

• to Mr. John Davison, Colonel. for example, which is not an exceptional. The death is announced of Bishop ons bosutifully executed orchid on the Amery said that the Governor was being shape, and is neither alive or kicking. SI The Cabinet is establishing committee Charles Summer Burch, the Episcopal forearm; and the third a flight of swallows asked what action ho considered possible as TRE BIXOF-Bomething which won't bite of busines men, undor Lord St. Davids,

on her back Moreover, all were decidedly regarda children carrying excessive weights "although some of them do, he added, amid to deal with unemployment.

Bishop of New York.

artistig worka.

up to the Pesk.