1921-01-04 — Page 5

Page

CABLES.

LATEST ÜÄBLES, (THROUGH REUTER'S AGENCY.] TRADE WITH RUSSIA. PROSPECTS OF AGREEMENT WITH

GREAT BRITAIN.

LONDON, Jamary 2nd. The Sunday Times says the Anglo- Russing trade agreement has

has now been drafted and is ready for signature. Only

THE HONGKONG DAILY PRESS, TUESDAY, JANUARY ATH,

LATEST CABLES,

___NEW___YEAR'S HONOURS. REPLY TO SINN FEIN MEDALS FOR HONGKONG POLICE

TERRORISM.

REPRISALS BY POLICE AND

MILITARY

LONDON, January End, The New Year Honours, include the

award of the King's Folics Medal to the following

London, Jammary 2nd, It is unofficially reported that after the fires in Midleton, on Saturday, large parties of police and military entered the town in the evening, burned a garage and Inspector of Police, Hongkong

Mr. Arthur Lane, Station Officer, Hong- kong Fire Brigade.

Mr. William Marison, Chief Detective

JAPAN'S GREAT SLUMP.

THE COLLAPSE OF FOREIGN, TRADES

HIGH COSTS OF PRODUCTION.

PLANE FOR SUBSIDISING RELIEF OF MARKETE

BY EXPORT..

The following translations are reproduced from the Japan Chronide:

1921.

Commenting on this interesting subjoo, the Tomikri, another authority of economia questions, says —

HOW FOCH TOOK THE HELM "YOU CAN ALWAYS STOP THE

BOOHE

The Foch Clemenceau controversy con tinues, and the flood of new information with regard to the fateful decision at Doullens, and other critical dates in the war and the pesos-making, continues with cuf abatement,

The industries in this country which mado such greas strides onwards during the war have sustained a serious chock airco last spring. In cotton spinning, all real ing and all other manufacturing industries, a retrenchment of work and restriction of production are enforced everywhere either Dealing with the decline of Japan's by the authority of guilds or one of ustural

The Matin has published an account of foreign trade, the Jigs, recognised necessity. The economic world here is now its editor-in-chief, M. Stéphane Lauzanne, theDoullens Conference from the pen of thority on economic matters, remarks:- parzially paralysed. While in England who is publishing a book of his reminis showed a considerable excoes of imports strongly encouraged on the consideration Sunday, March 3rd, 1018, the fourth day. of the German offensivo, My Clemenceau Mr. Han Hang, Principal Chinese De during the first seven months, the balance that the keynote of afterwas operations went to esil on M, Poincaré to tell him of commercial relations is regarded as very village Carrigtwohill, a scene of another tective, Eongkong Police,

was turned in August, as usual, and there should constat in producing as much as that he had just returned from Compiègne, bright.

was a continued excess of art

exports during possible, while consuming so late things were going very badly, and that he where he hid soen General Pétain, that the three months, Auguns to October. In possible, production and industrial develop feared they would have to consider the November, however, there was again an ment are artificially restricted in Japan, evacuatica of Paris, M. Pomcaré declared excous of imports, though to a slight extent. In fact, the whole country is going slow that there could be no question of that, and M. Clemencesu promised to see Goo- The Arse eleven months of the year thus Nothing could be more foolish than auch saral Fatain again and telephone the Pro I an excons of imports to the amount | course. We have often urged the necessitysident of the Republic his second thoughts. of Y370,000,000 November is a month of administering some stimulus towed by telephone that General Pétain main. In the evening M. Poincaré was Inform. which is usually characterised by a marked more and industry in order to restore tained his opinion. M. Poincaré then

the technical details remain to be adjusted, | engineering works, and wrecked and looted Mr. James Kerr, Chief Inspector of Though this year's foreign trade and other European countries production is ❘ cences. - 3. Lausanne relates how, on

The outlook for the immediate resumption

The Observer, however, statos that M. Keagain, yesterday, received an official request from Moscow for bis return to Russia for consultation, acil is is expected that he will be absent for about five weeks,

Koveral

shops..

It is reported that some houses in the

ambush, was also burned.

BY ORDER OF MILITARY GOVERNOR.

unless meanwhile the whole discussionary Governor seren houses in Midleton

collapses, but this is not anticipated.

GERMAN DISARMAMENT.

MARSHAL FOOH'S REPORT.

PARTS, January 3rd. According to Le Temps Marshal Foch's report regarding Germany's fulfilment of the disarmament terms shows that there

LONDON January 2nd. In accordance with the order of the Mil-

County Cork, were destroyed in the early morning on New Year's Day because

the inhabitants were bound to have known

of the recent ambush and attack on the military parties and neglected to inform the police and military authorities."

Each householder was handed a notico stating why his house was being destroyed, and each resident was given one hour in which to remove his valuables, but not

have been surrendered 41,000 guns with inner tubes, 70.000 machine-guns, 163,000 furniture, was destroyed. barrels, 2,800,900 small arms, 23,000 plane engines, and 16,000 aeroplanes. The report adds that Germany has failed to full the Treaty terms regarding the dis armament of the civic guards in Bavaria

furniture. Nothing, except the house, and

eros is alan reported in Cork that houses were burned in Carrigtwohill, near Midle

ad East Prussin, and the destruction of *fortresses on the eastern and southern

Frontiers.

The Germans asked to be allowed to keep 300 guns at Koenigsberg and numerous guns & other places, but only 20% guns have been allowed at Koenigsberg, 38 at Pillan, 38 at Swinemuende, and all other requests have been refused.

ton,

A motor garage and engineering Works at Midleton were also destroyed last night

EARLIER CABLES.

WHERE IS DE VALERA?

LONDON, January 2nd. -The whereabouts of President" De Valera are still a mystery.

The New York Times refers to a report, which it says is not verified, that De Valera sailed for Europe, ten days ago. FRENCH SOCIALIST PROTEST. under the name of Dudley Malone, ex-

AGAINST RUSSIAN SOVIET TYRANNY,

PARIS, December 29th.

Havas message says At the Bocialist Convention, at Tours, a aharp split between the leading Factions" seems more and more unavoidable.

Atelegram from the Bovies leader Zinovioff was read excommunicating the group, which, while accepting the Inter

refuses bowing to Mosoom dicta-

A number of delegates protested against the intrusion of Russian Soviets into

French Socialism and sharply censured the Boviets increasing propensity to tyranny BEORGANISING OLD SOCIALIST GROUP:

PARI, December 30th.

a message says:

A Havas As was expected a schism in the Bocialist Party occurred last night after motions in favour of adhering to the Third Inter- male and of rejection of emotion Zinoviel's telegram were carried.

by a large majority.

Collector of Poor in New York. It says that the whereabouts of Malone, who is a son-in-law of ex-Senator O'Gorman, are at present unknown.

SINN FEINERS ARRESTED IN

MILITARY BAID.

LONDON, January 2nd. Forty alleged Sinn Feinera have been arrested in a big military raid at Bantry, County Cork.

ENGAGEMENT.

"SELFRIDGE-SIBOUR.

LONDON, January 2nd. The engagement is announced of Mr.

Selfridge's daughter, Violette, to Vicomte Sibour, a member of an ancient French

family.

Police, Hongkong.

INDIAN NATIONAL CONGRESS BOYCOTT OF FOREIGN GOODS URGED.

00

prac

elected

**NO FURTHER RETREAT." Un Wednesday, March 26th, the Doullens Conference took place. When MM. Fein- arrived, they found Bar Douglas Haig still cart, Clemencosu, and the others had

and thought it was better not to interrupt in conference with his Army commanders, him who wo

Naores, January, lake The resolution of the Indian National Congress in regard to nonviolent non-co operation urges the withdrawal of children

exoma of exporta, the excess during the production. Is now seemy that the authors wrote to M. Clemenceau asking him. Að from the State schools, asudents from State past five years varying between 3,000,000 As hinted by President Luoms of the Bank the evacuation of Paris, to onl

ties have begun to move in this direction, least, before taking so extreme a decisión

institutions and lawyers from thoir

and over 150,000,000. It was therefore a of Japan at the recent Industrial Club | Cabinet meeting. At the Cabinet meeting tices. It appeals to merchants and traders of imports and exports was reversed this by the oroporation of manufactures, until after the Doullens interview two daga remarkable phenomenon that the position dinner, the Government seems, to be medi- M. Clemencesa had rather changed his tating the encouragement of expora trade view, and suggested that they should wais gradually to boycott foreign trade and any year and the month, actually showed an bankers, carriers, eto, and for this pur later with the representatives of the Bri that the Congress will appoint a committee excess of imports to the amount of pose appears that the Bank of Japan is tish Government. He also asked the Pro of experts to formulate a scheme of econo¥3,000,000—a fact which graphically illus exportara. In case this plan matoriales, so that he could form his own judgment prepared to make long-term advanges to sident of the Republic to accompany him.

mia boycott, It calls

trates how doll and inactive the export the congested goods which have been such on the situation. trade has been. As for the total amount weight on producers here since lasa spring members of the Council to resign, on the of imports and exports, it went on increas with which the economic world is now seized will be cleared off and the partial paralysis acldiers and police to refuse to subordinate ing to a certain extent from January to will be cured to some extent, and busines creed and country to the fulfilment of March, but from April onwards the fican- sult. Bes des, the resent panie has dealt activity may perhaps be restored as a to orders and on Government employes, pead extent that there was a steady decrease that it is hardly an exaggeration so say dial reaction made itself felt to such an such a serious blow to Japanese exporters ing national call for their resignation Nebenber stood and tumly V210,000,00, for that the caparting organs are practically 40 help the national cause by greater kind half the figure for the corresponding month Government is said to be meditating is Poincaré were M. Clemencost, M. Lox.

at anly about at a standstill. So, a scheme such as the nesa and stricter honesty in their dealings of last year. This boing so, whis there particularly opportunis at the present junc cheur, and also a general in slate grey, who was a considerablo gain ever the same ture. It is very well for the Bank to lend

from time to time nervously tapped himself. with the people. It urges, all bodies excin- period of lam year so far as the first half out export funds for a long time on con- with an old stick which was fashioned in of the current year is concerned, the dition that the schemy is carried on cor- aively to give their attention to non-co-amount of trade for the last half showed jointly by the business men interested carried under bin left, arm; it was Foch. operation in order that self-government considerable & docline, there boing no But, long-term adrances are not the only No one knows exactly who told him to

great difference between it, and the figure thing desirable. may be established within ano year. for the same period of 1918. Of the decline such advances should be made at low inter saw the President of the Republic he went

It is also necessary that, but he had come.

PROHIBITION - SCANDAL.

of trade during the latest three months, at The Bank has recently accommodated up to him, scok him aside and said: the most notable featurs is the decrease of firms with considerable relief funds, but Do you know the orders which have been -SENSATIONAL ARRESTS IN NEW-

exports. Thus, in the case of imports, each the high interest exacted on them has given!" The President did not know compared with the preceding month, aroused much complaint. For instance, in them. They were grave. They consisted YORK

September showed a decrease of Y6,000,000 the case of the sums advanced for the relief of almost the complete retreat of the Army, and October of 12,000,000, while in of the market, the Bank itself collected and entailed at air early dare the evacua November there was an actual increase of 2.7 ser per dion (almoet 10 per cent. per tion of Paris They seemed to produce in £1,000,000, but the decline in exports was annum), but as the money had to pass the victor of Fère Champenoise as extreme far greater, September and October show several intervening organs before it reach agitation. In his quick, servous, jerky. ing a decrease of Y20,000,000 each and od the ukimate debtors, the latter had to

tones he repeated :- November, Y30,000,000, there was in November an excess of imports cent, por annum). It is surprising that

This was why pay no less than 4 son per diem (14.6 per to the amount of 13,000,000. This is a usurious a rate should have been levied on noteworthy fact which requires careful con- moneys ostensibly granted for relief.” sideration.

New York, January 2nd.

A sensational arrest has been made of two girls and clerks in the office of the Prohibition Director. Three men

ATO

charged with withdrawing £750,000 worth Apa pula of liquor from bond, after which it way sold at enormous profits. It is alleged that they spent thousands of dollars in bribing minor officials.

OIL IN NEWFOUNDLAND.

“ANGLO, PERSIAN OIL CO.8 NEW

VENTURE.

DEATH OF HERR BETHMANN- HOLLWEG,

BERLIN, January End. The death is announced of Herr Beth mann Hollweg, the former Imperial Chan- cellor

· CLUES OF DECLINE."

Those who were gathered round M.

the form of a polu's head, and which he'

As soon as ho

Paris has nothing to do with the mat ter,

Paris is a long way off. This la “ have only to say Il ne passera pas and he where you ought to stop the Boche. You

will not pass. You can always stop the A DEFENCE OF DUMPING. Boche; you have only to give the order, The decline of imports and exports is

| you havo only to say, ↑ No further rotreat." The following remarks attributed by the And I guarantee you that three-quarters at home and abroad, which has boon our interesting in this connection that there is to be no more retreat. dne to decrease in purchasing power both Tomiuri to a certain financial official will of your taske is done when it is known brought about by the contraction of credits During the war it was easy enough for Haig and Pétain are two men who are all over the world. So long as the credit Japanese producers to sell their goods trying to keep closed a double door, each conditions of other nations with whom abroad at high prices. But that is no pashing against his half: The doorway Japan is in business dealings do not in longer, the ease. In order to sell goods, has been forced in the centre, and both- prove, greater activity of trade will be out of the question, oven though Gnancial they must make them well and at low cost of them, each behind his own door, are circles here may be put in order more by the unassisted efforts of producers alone. ing how to close the door again, and who But the export trade cannot be developed watching the enemy pouring in, not know- quickly than expected, and the coonomie Producers, exporters, bankers and carriers ought to begin the task." ST. JOHNS (NEWFOUNDLAND), Jan. 2nd." situation in this country restored sooner

than anticipated. If the present endless must combine în making more or lessBut how would you stop them? 1 " asked The Government, announces the comple- inflow of specie gradually relieves the ten-

immediate sacrifice and endeavouring to M. Loucheur, who had come up." Ah, tion of an agreement with the Anglo-Persion of the money market here and the produce goods as cheaply as possible, carry answered General Foch, you know, my purchasing power of the nation is stime and sell them on is smail margin as method. I stick a sunt there, another thero, rian Oil Company, whereby the latter lated by the decrease in the congestion of possible and by all giving as much credit and yet another there. The Boche can undertakes to prospect all ungranted Crown goods and progress of financial readjust as possible at the lowest possible rate. This make little headway. I stick yet another seems to be the essence of the scheme of seal there, and the Boche is pinned down. ment, imports, which have been” on the landa in the Colony during the next five decline, may perhaps increase, but in that the Bank of Japan for encouraging exports. You can always pin down the Boche

M. Clemenceau had come up, and years, whilst the Government undertakes will still go on increasing. So long as the ring to cooperate with exporters in sell though, as M. Lausanna 1875, he did not caso it is evident the excess of importa It seems to be its intention to make longer not to grant mineral areas to other partion parcating power of the customer countries ing goods chouply to foreign countries. had recently opposed him, and he did not

willing to like General Foch, becauso does bot increase, however, there can be This is a very reasonable scheme in itself. take kindly to those who differed from him, during that period,

no great increase in exports, especially as In one sense, however, it may look like she leaned or to M. Loucheur, and signi THE FIUME CRISIS:

the amount of trade, are still going down the nation. Some foreign crilics may por tish Conference was over, and the Franco- prices, which have a close.connection with damping conducted by the united force of fed his assent. At that moment the Bri hills both at home and abroad. The decline of export trade for an external cause that hapa denounce it as a pices of militanatic British Conference began. D'ANNUNZIO'S FATE IN BALANCE.

economics. The objections to the scheme Ench, even at this solemn hour, wore his 18, because of the considerable decrease in are (1) that it may hurt the feelings of anal aspect: M. Poincaré, was calm; M. ROME, January 2nd.

purchasing power in foreign countries owing to the world-wide contraction of foreign countries; (3) that it may be Cimorceau canatio; Lord Milner phleg A meeting between the Fiume leaders

credits cannot be helped But it is a

opposed by native consumers, and (3) it matio; Foch nervous; Pétain impenetrable, and General Ferrario on January 1st

serious mistake to believe that the decline may fan up a speculative mania again. while Haig had the drawn and fired: face of export trade in due entirely to external When the entire nation combines in make of a man who had not slept for thres arranged the final details of the sur-

causes, for it is indisputable that internal ing damping operations abroad, it may nights. Poincaré, with the lucidity which render, whereby the authorities and SEAPLANE'S PERFORMANCE. have also affected exports Wa rofer perhaps be feared that the protectionist even in the net anzians hours per to the policy followed by some dealers Republics Administration in America, for deserts him, explained the situation, and citizens of Fiumie: left to deside FROM SAN DIEGO TO MAGDALENA here, of artificially keeping up the prices instance, raise the import dute ou silk added, with energy that in his view ther of exports. It sanna be denied that the in retaliation and the British Government could make no other decision thas to stop Old Bocialists who were in the minority D'Annunzio's fate. The Italians and

BAY.

forcing up of prices by extreme curtailment may act on its preferential tariff system the Bochee where they were, and nowhere more emphatically than ever. Seeing that also Field-Marshal Haig, said he was vided on sitting hereafter by themselves Regulars will be withdrawn from the

for instance, non-sales of maak. Japan is devoid of many kinds of raw ready to do his best, and ready to defend parate soon, as the Convention was will man, or have

SAN DIEGO, January Ind."

restriction upon the receipt of consignments, and Bring of convostimal materials, competing Powers may subject Amiens, whereupon Foch lept up, and driks The naval seaplane N.C.H. carrying, prices, have caused the customer countries her to a material blockade. Within the

Marshal; Not There is 'no 'question of one hand and given foreign competitors

being loudly discussed In case goods are Amiens at all. We must

Conquer before. Diego to Magdalena Bay, a distance of chaos which otherwise would not have sold cheaply in foreign countries alone for Amiens; we must conquer, where we are." 709 miles, in 555 minutes

fallen their way. It je a well-known fact the protection of industries, demagogues And in a few abrupt, metalle phrases, he that the decline in the export of raw silk, will ind it a good weapon for attacking the repeated the demonstration he had made

Government. To lend money to exporters in HEAVY RAIN IN AUSTRALIA. which is the grondent cause of the recent who have only recently failed because of the square of Hotel de Ville, and

acess of imparts over exports, has been their speculative transactions may perhaps TRL MAN FOR THE THE largely brought about by the unnatural bring about a reeruimscence of the fever At this moment Milner got up keeping up of the market prices by means of the Imperial Raw Bille Cove Is an peculation. But as this country has beckoned to Clemencean with whom he had obviously erroneous policy to try to Loop so little olbow room for her growing popula brief whispered dialogue Milner was up. prices artificially when dealing with ation, she copot economically develop unless heard to repeat severd Umes? There is

territory

is extended, goods are made and the man" Haig got up and joined them ountry like Americs, where it is now exported, or emigrants are sent abroad. He is a fine and noble égars, is this brave Many of the Japanese sea-faring men Bort of fashion to titulats demands in

and out of the country by cutting off prices But an extension of territory is absolutely soldier. From the first day of that mortal are experiencing difficulties in these days of commodities. No wonder that Japan's tance. The only shergative open to this no cohesion, and not always oven agree- tabooed. Emigrants are refused admit halo he had realized the truth, There, was The crow serving the Nippon Yusen export trade should be so dali." nation is them to develop commerce and ment, between the two Allied Armes It Kaisha and Osaka Shosen Kaisha are

GREAT DUMPING BOXER IN ZEK AIR. A industry and extend markets in foreign they went on thus, they were marching receiving the same pay as in the shipping be taking ovary precaution against dump tande is thus an expression of the nation's existed, and that was to pat above him, While the Japanese Government somms to countries. The development of the export straight for disaster. Only one remedy boom; but those employed by other ship- ing of foreign goods in Japan, a great right of self-protection.* Bat, in order to and shove Pétain, & single chief, owners have had their special allowances dumping scheme is eridoody in contempla- develop exporta to-day, it is imperative to orders they would both have to obey... AB stopped and their wages out down by tion at the instance of Mr. Inoue, Governor adopt some bold measure... Unfavourable far she was concerned he would willingly

of the Bank of Japan. Of course, no man eriticism on the part of compatators - is sos under the orders of Fachbodena 90 or 30 per cent. It is confidently re- | tion-s made of the invidious word. But ineritable. But it will be better than the The French Commander-in-Chief had no ported that there are nearly 6,000 un-in view of the hint dropped by Mr. Inoue chargo of miltarism. Besides, there will be less patriotiem than the British Com employed seamen in Kobe alone. Some at the dinner recently given by the Indus- no reasonable ground for complaint when mander-in-Chief, accepted without

trial Club in Tokyo and the speech delivered of them as trying to find other employ-by the same distinguishyd-Battle Age in the way of encouraging experts hesitation. Then M. Loucheur took a "granted," not by the Government, but by | shoes of paper, and draw up a declaration ment, but the slump in industrial and the 4th instant, the authorities of the Bank prices at home and sell them at lower once entrusted to him the duty of co-ordinating

meeting of the Oraks, Economie Bacicry on guilds of producers. To sell goods at high by the terms of which: General Foch other circles is telling against them. I seems to be intent on promoting what prac. abroad may not sound well. But there can the efforts of the two armies, 2, 14. Sin consequence of this and a further droptically amounts to damping: In short, for be no harm in reducing the tons of produo you write so well, waid M. Clemencean in freights, it is expected that there will ulating bort trade Mr. Inous urge dout and general prices by increasing prole two copies of her declaration, and be a larger number of unemployed scars, bankers and carriers, laying special specially low prices, though it is of course He did so and, the decision whereby the

tere will the co-operation of manufa faireza, export duction, and selling in foreign countries a♬ we will suga 16 at onon. Tradit men shortly, and a further decrease in stress on the sacrifices which he thinks will chjectionable to pay expert-encouragement Supremo Chief was placed at the hand of have to be made for securing and keeping money at the expense of consumers at the two armies was signed in pencil on ■ Ewagen

markety for EPADORO

hall-aboet of notepa

of

how purely a Communistic convention. been fulfilled. There have been several pilot and five pagera, flow from San put off their intended purchases on the try itself, the problem of prices is sitting the table exclaimed:-"No, Field

so-called "Reconstruction Group adopted a similar view, and is also to hold separate convention. Later, the two ing groups entered into negotiations reorganizing the old

Bocialist Party.

WARLIER CABLES.

SPECTRE OF UNEMPLOYMENT

WORKERS OBJECTIONS TO GOVERNMENT'S PLANS.

LONDON, January 2nd. The workers at Woolwich Arsenal are rongly -- hostile towards the Govetzi- short-time proposals. They declare it would mean semi-starvation.

housand Belfast builders, havə

ao protest against the action of 5d. per hour in their wages: Reports from Lanashire show that the situation is worse than since the American Civil War Forty-thousand persons in Blackburn alone are receiving unemployment: insurance.

scraps between insubordinate Legionaries and Italians, the latter being obliged to use artillery and machine-guns,

AUSTRALIAN RAILWAY

STRIKE.

TRAFFIC AT STANDSTILL.

PRETI (W. Australia), Jan. 2nd. The fallway engine drivers have struck work, demanding £383 yearly and double pay on Sundays. The railways are paralyzed.

ASSASSINATIONS IN BAGDAD/

BRITISH OFFICER MURDERED IN PRINCIPAL STREET

Fakit, January, 2nd.

ad

An official message from Bagdad says that the Chief of Police and a British offer were assassinated on December 26th by Arabs in the principal street of the city. The perpetrators of the crime have not been discovered.

MELBOURNE, January 2nd. Over three inches of rain have fallen, bat it is now fine

LE

and

whose