1921-02-05 — Page 5

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THE HONGKONG DAILY PRESS, SATURDAY, FEBRUARY `5TB, 1921.

ECONOMIC POSITION OF

GERMANY:

ITS LOW PER CAPITA TAXATION.

TURKEY'S NEW CLAIM'S:

FOR PRESENTATION TO NEAR EAST

CONFERENCE.

LATEST CABLES, ALLIES' REPARATION

* DEMANDS." GERMANY'S LOW TAXATION,

Loupon, February 4th-

In connection with the report of the Financial Committee of the Brussels, Con-,

ference, it appears from another annexe that the approximate average taxation per head, direct and indirect, calculated at the current rates of exchange in the countries named is as follows:-United

many £2 il

- EARLIER CABLES.

CANADA'S PLACE IN THE

EMPIRE

PREMIER EXPOSES BOUEY OF LOSS OF AUTONOMY.

,,ja

BRITISH TRADE IN CHINA. | MOSCOW'S THREAT TO JAPAN

THE COMMERCIAL COUNSELLOR RUMOURS of soviet preparinG

ON THE PROSPECTS.-

TO MAKE WAR.

In the current issue of the 'Board of

HARIN, January 28th. "MOSTREAL, February 4th.

Trade Journal, Mr. H. H. Fox, C.M.G., Reports from Chite indicate a coming The Premier, Mr. Arthur Haighan,

Commercial Counsellor in China, writes change in the Far Eastern Government's on the subject of the prospects of British policy, and the possibilities of a war at a banquet, outlined the Gov-trade in that country. His views have with Japan before spring are largely, and ernment fiscal policy. He upheld the recently been very fully stated in public openly commented upon.

It is understood that, the Far Eastern Principle of protection with revision of speeches, but in the course of his observa Government has been instructed by Mos tarifs quitable to the altered conditions. tions on what we may describe as "China cow to asaine an aggressive policy to

wards Japan and China. This orden iz Raferring to Canada's national position,

in transformation," which deserve pre-explained by the following facts:-(1) miuerice, he tells us that: be declared that Canada, did not need

China is The closing of the Manchurian frontier changing, perhaps more rapidly than her has proved to be a fatal blow for the Reds Conditions Soviet Russis TSAR OF BUILDING TRADES: Kingdom, 217; France, £o 168, and Gos- the lean of the war to value aright her well wishers could desire, and a growing Rice such that any delay in opening trade

status is a nation within the Empire, force of public opinion is demanding, relations may prove fatal.

(3) The Sentiment and interest kept the British along with far reaching reforms in her of the army, are anxious to involve it Soviet authorities, fearing the dispersion connection sœure for a century, but they of government, a drastic revision

of the conditions under which foreigners in a fresh war.. M. BRIAND'S CONFIDENCE. events of the past six years had made reside and carry on their business in the Chits, there are strong rumours here

Coinciding with this report country. The old order har suited as the ties even, Armar.

bas With the wall, and we shall not lightly surrender that an agreement

been PARIA, February 3rd.

cluded between Ataman Simionov and At a joint session of the Senate and mister. Dominions and Great Britain," our hard won rights for the sake of the General Chang Teolin whereby all arms

new, but at the same time we must be the Chamber of Deputies, M. Briand in-

said, "we formed, many prepared to recognise and adapt our and ammunition belonging to the Kap-

selves to changed conditions, and, above pell and Simionov armies will be return

It is also aid that a augurated a two days debate on repara-489 the first League of Na-ail, make it clear to the Chinese thated to the men. tions.In the course of his speech betons, the survivability of which had they may count on us for sympathy and plan of combined action against the Reds been demonstrated by the severest trials support in their efforts to develop the has been discussed in detail at Mukden commercial and industrial resources of by the Japanese military authorities, "of

peace and war in both peace and war. take in China by our merchants and ours of a new mobilisation about to be. their country. The interest now being Chang Tso-lin and Simionov. The rum- Our burdens were lighter, and schieve manufacturers, and the increased sound declared by Simiotos are closely connect On of trade which may with confidence bo cd with the Mukden Conference. mente greater,

stood looked for as a result, will be of the wired to some of his beat Generals sum-

returning to Port Arthur, Simionov together."

greatest value in strengthening the hands of those who are entrusted with the safes

ing them to a conference. Mr. Haighea discredited those con- guarding of British interests in Chins, the various problems which will come up

SENSATION IN NEW YORK.

ا

LATEST CABLES,

(THROUGH EXTER'S AGENCY.]" NEAR EAST CONFERENCE TURKEY'S BUDGET OF CLAIMS.

LATEST CABLES.

༣

* : -

** TSAR OF BUILDERS." CONVICTED OF EXTORTION AND

SENT TO JAIL.

NEW YORK, February 4th.

said that France had secured the pro- Mr. Robert Brindell, the prominent.con- tractor known as "The Tear of the Build-gramme desired by the Chamber, and the question of disarmament had been settled ing Trades," has been convicted of extor-

"

tion in connection with the construction

the Premier"

because

WO

+

from

con-

CONSTANTINOPLE, February 4th. According to the Press, Turkey is sub- mitting the following claims to the London conference: abrogation of privi-

to France's entire satisfaction. The two leges accorded to Greece in the Smyrna region by the Treaty of Sevres, autonomy in Thrace based on the principle of na.of a new municipal building in New York, objectives had been, firstly, obtaining an sionality, maintenance under Turkish and remanded to jail, pending the pro immediate payment of the highest figure tinually seeing trouble in Imperial rela. and whose duty it will be to deal with very strained and the population is sovereignty of Turkish territories ceded #ulgation of the sentence, Mr. Brindell, possible, and, secondly, benefiting from tions, contending that "there was no more for solution during the next few years. to Armenia by the Treaty of Sevres,gainst whom a warrant was issued on Germany's economic enrichment in order danger of loss of autonomy than of losa possessing in the: Association of British modification of the economia clauses November 5th, in connection with chargee affecting the sovereignty and indepen of faking contracts, ruled the destinies of

100,000 artisans.

deces of Turkay and modification of the military clauses in order to enable Turkey to possess an army sufficient for purposes of defence.

FRENCH LOAN.

AMOUNT OF SUBSCRIPTIONS.

PARIS, February 2nd.

A Havas message says:— The French Loan had produced until January 31st the amount of 28,000,000,000 franes.

SARAH.

THE DIVINE

HONOURED BY FRANCE.

PARIS, February Ind."

A Havas message saya

Sarah Bernhardt, the famous actress,

received the Cross of the Offeur "of the Legion of Honour.

SWIMMING RECORD,

-AMERICAN ATHLETË'S FEAT.

CHICAGO, February 4th. Norman Boss, the American Olympic champion, swimming in a tank, covered mile in 22 min. 38 1/5 sec., creating a world's record.

UNREST IN ITALY..

CHAMBER REJECTS SOCIALIST MOTIONS OF CENSURE.

་་

A number of other contractors accused of graft remain to be tried.

ABERMULE COLLISION. CORONER'S INQUEST VERDIOT,

al

to avoid the immoral spectacle of the enrichment of the vanquished at the 6 pense of the ruin of the victors. The tax on German exports, M. Briand said, would correct the paradoxical Vituation created by Germany having to develop its exports to the detriment to the Allied commerce in order to pay the Allies. France had in no way renounced the possibility of recovering the total payment of the debt. The Reparations Commis sion would fix the total before May 1st

The-coul question also, M. Briand cor-

of atmosphere Canada's word to the rest of the Empire at present is Let's keep on the way we are going, and let brotherly love continue."

We are fortunate." says Mr. Fox, in Chambers of Commerce in China and the China Association in London two repre- sertative and influential bodies who, in consultation with Chambers of Commerce and other Associations in this country, may be relied upon to voice the consider od opinions of both-merchant and manu- ADMIRAL RODMAN EXPLAINS IT TO facturer on all questions where British

trade interests are concerned."

MONROE DOCTRINE.

CHILE

SANTIAGO DE CHILE, February 3rd.

The political atmosphere has become

Bervous-Reuter.

ין

JAPAN IS READY. VLADIVOSTOCK, January 28th. General Takayanagi, Japanese Chief of Staff in Siberia, stated to-day that the Japanese Staff had received much information, indicating that Soviet Ras- sia was preparing for war with the Japanese. He did not believe that this was true, but nevertheless, he stated, Japan-was ready,

The Vladivostock National Assembly has resumed its sittings. The peasant -element which was formerly united, "has split up into anti-Bolshevik and pro-

NEWS FOR THEATRE-GOERS. Bolshevik sections. All efforts to accure

THE EAST,

the shortage of accommodation for the company; which numbers 150. This AMERICA'S NAVAL POLICY. in Bombay but other cities in the East, has long been a serious deterrent to the visits of theatrical companies not only.

and another factor is the enormously increased costa.

Admiral Rodman, who is visiting here LONDON, February 3rd.

with the American Fleet; says that the only The verdict in the Coroner's inquiry

the Monroe Doctrine, the United States object is to visit a sister nation. As regards FEWER COMPANIES COMING TO into the Abermale disaster is that the

never entertained any pretensions to absorb the Bouth American Republics. A Bombay message dated January 12th teting station-master Lewis, and a signal-

The doctrine involved certain reciprocal say: It was announced some days ago man, Jones, were guilty of gross negli.

duties. The United States would watch that Bombay was to receive a visit from over the weaker sisters, merely as an Italian Grand Opera. Company, but gence, and a porter, Rogers, and a clerk, tinued, was on the road to settlement.sister republic, and give the European the visit is now doubtful, owing to re- Thomson, of negligence through excess Germany had been informed that the nations, without distinction, te under ports the company has received regard-

stand that they must not interfere with duty. The jury criticised the lack of would have to deliver 290,000 tons; American affairs. supervision in carrying out the tablet monthly, in February and March, plu system.

quarter million tons to cover the deficit in the preceding months, failing which she would have to conform strictly to the Treaty figures, which were distinctly higher than those at present fixed. M. Briand concluded in the most confident tone

realisation. The conference has tightened the bonds of the Entente. The atmos phere of cordiality permits us to regard the future with full confidence and security."

JURY RECONSIDER VERDICT.

LONDON, February 4th. Thin - railwaymen's leader, Mr. J. Thomas, pointed out that the verdict was tantamount to manslaughter, whereupon

ed that Lewis and Jones were guilty of great negligence demanding the severest censure.

The verdict declared that the cause of the collision was issuing a wrong tablet to the local train..

PRESIDENT MILLERAND'S

LOSE OF "K5.”

"RESULTS OF ADMIRALTY

A reunification have failed.

In view of the governing body having failed to cope with economic conditions, it is being re-formed.

A message from Razdolnaye states that one of Kappell's soldiers threw a bomb into a barracks, killing six of his com- rades... He was immediately shot, with- out trial-Reuter,

THE PACIFIC.

THE DIVIDING LINE.

MR. DANIELS BELIEVES IN

Dr. E. N. Scholefeld, O.B.E., writing on "The Pacific To-day" in The Times EQUALITY OF POWER.

Mr. James McGreath, local manager of Trade Supplement, in the course of his the Madras Syndicate, estimates that the remarks saysIn considering the future WASHINGTON, February 3rd. cost of bringing a theatrical company to of the Pacific we must forget that there Navy) to the Navy Board-reiterates the Wynn, manager of the Grotesques, has of the East Indies and the Philippine

The report of Mr. Daniels (Secretary of the East is now 300 per cent. above pro- is a distinct line dividing the thickly. war rates. He says that Mr. Fred populated Asiatic region, embracing most belief in battleships as the principal units the jury reconsidered the case and decid-" We have at last entered the domain of report says, the United States cannot before the war he could have brought his Polynesia, Micronesia and Melanesia. of the feet. Without battleships, the written to him pointing out that whereas from the sparsely, peopled expanse of

adding that while equality of power should grumble. at the fare provided for them this by introducing numbers of the company to Bombay for a little over £300 As regards Micronesia, which Hes north hope to compete with the existing navies, it would now cost him £1,500. People of the line, Japanese are likely to correct continue to be a factor in America's at the theatres," said Mr. McGreath, own people of social classes which the instituting an international competition in East because the overhead charges aro naval policy there was no thought of "bat companies refuse to come to the white races cannot transplant permanent ly to these latitudes. Those will solve construction.

so great. It is not only Bombay which the twin problems of labour and popula- suffers, but the same thing applies to tion, and ought in time to provide for Colombo and Calcutta and all the other Japan at her own doors a very useful great cities of the East. "We shall never subsidiary market and source of raw be able to improve the standard of the materials theatre in the East until the housing problem in these cities is solved and antil it is possible to bring large com The fadings of the enquiry, issued by panies to the East on a sound commer- submarine AS fail to throw light upon the Admiralty, respecting the loss of cial basia" the disaster. They explain that the sub-

capital ships when she dived, reappeared marine, which recently underwent periodi U.8. BANKING FACILITIES IN Government the question of Russian debta cal refit, was practising an attack on and dived again. Subsequently she fail ed to respond to calls. The evidence shows that she did not sink in a collision.

It is conjectured that some loss of trim into the Far Eastern field of another of the Daily Telegraph) to give exact or control may have occurred, causing the vessel to reach a depth at which the American banking group of first import Egures. They permit us to judge of the external pressure would account for her developments, the new organisation is British tax-payer and capitalist. In this

As in the case of other recent importance of the question for destruction.

backed by one of New York's great finan- note it is my intention to touch prin- cial houses, and has allied with it several cipally upon the debt of Russia to the Pacific Coast banking institutions. The Exchequer of this country, as in this caus object of the Equitable Trust Co. of Now the interests of every single tax-payer are our Far Eastern financial activities is York in organising the new factor in involved.

The evidence showed that a boy-clerk, Thomson, took the tablet from the driver of the local train and gáveit to the station- master, who returned it to the driver

Roxx, February 4th.

without looking at it and then signalled Socialist motions of censure regarding the Government's domestic policy in con-while, a young porter, unknown to the the local train to proceed. In the mean

nection with the action of local authorities stationmaster, released a tablet allowing the express to proceed from Newtown to Abermule.

in the recent disturbances were rejected by the Chamber, with an overwhelming majority, after Signor Giolitti had appeal- ed for a vote of confidence in the Govern OIL PRODUCTION IN GREAT

mment.

SINN FEIN CAMPAIGN. ACQUITTAL IN LIVERPOOL CASE.

BRITAIN.

SUCCESS OF DRILLING OPERA- TIONS.

LONDON, February 3rd. His Majesty's Petroleum Department's report on drilling operations in 1020

CONGRATULATIONS.

PARIS, February lat.

A Havas message says: At to-day's Cabinet meeting President Millerand expressed to M. Briand his

the Inter-Allied Conference and warmly profound satisfaction at the results of

congratulated the Premier and Ministers EXCESS PROFITS. DUTY.

MR. AUSTEN CHAMBERLAIN'S

ANNOUNCEMENT.

INQUIRY.

Losos, February 3rd.

CARDIGANSHIRE BY- ELECTION

LONDON, February 3rd. Speaking in Birmingham, Mr. Austen Chamberlain announced a practical aban- donment of the Excess Proits Duty," with out substitution of new duties. He de-SIR LOVEDEN PRYSE WITHDRAWS clared that there will be no new taxation in the forthcoming Budget.

LONDON, February 4th. The Two men, Fowler and MeParthin, have been acquitted at Liverpool on shows that prospecting for wells in Der- charge of murder in connection with the byshire, North Staffordshire and Scot-mingham, took an unprecedented courte Sinn Fein outrages in Liverpool in and steadily progressed. November.

Most of the wolis have now reached a great depth The total feet drilled were 7,870, and six wells reached the depth of 3,000 feet or over, the deepeat being at Ironville, Derbyshire, namely, 4,000 ft. |

KAKLIER CABLES. COSTLY AMBUSH AGAINST POLICE,

LONDON, February 3rd. Two lorries conveying twenty police-

The Hardstoft well continued to pro- men were ambushed in Boss-Carrberry, Co. Cork, and the policemen fought and duce oil at the rate of a ton a day. In

order to relieve tankage, 100 tons of oil repulsed 500 of their assailants, killing o

in storage at Hardstoft was sold to the and wounding several, also capturing

Anglo-American Oil Company for £22 108. maty bombs, rifles and much ammunition. per ton, of which 325 tons have been

The police had no casualties."

The attack was made from the grounds of the house of a magistrate, who had been imprisoned in it with his family and Dean Boas on the night prior to the attack

POLICEMEN KILLED; 2

delivered..

HIS NAME.

LONDON, February 3rd. Sir Lewes Thomas Loveden Pryse has Mr. L. Williams in the Cardiganshire by- withdrawn his candidature and supports

election.

LIMOGES COLLISION. 210 KILLED ÷ 47 INJURED.

PARIS, February 3rd. Ten persons were killed and 47 were injured in the head-on collision between 2 passenger and a goods trains, near

THE FAR EAST. The formation of the Equitable East Battern Fortnightly, marks the entrance ern Banking Corporation, says the Far

ance.

RUSSIAN DEBT TO BRITAIN

A TOTAL OF £539,100,000.

In the negotiations with the Soviet has-been repeatedly mentioned. But the. public, and some departments of State even, are absolutely in the dark as to the now in a position (says a correspondent real extent of the indebtedness. I am

the

Before the war. Kassian Government

£102,000,000 200,000,000

to develop further the large Far Eastern lozas in England did not exceed the com business now being done by it, as well 40 paratively insignificant sum of £30,000,000. to facilitate and build up its foreign trade But during the war period this modest with the Orient. The company fathered total sirelied to very high figure. In by the Equitable Trust is capitalind at all for war credite Russia incurred the 8500, 60.). 82,000,000 gold. with & surplus of

The support of the Pacife following debts to this country: Coast is assured by the inclusion of the

J. The Baring Convention 2. The 1015 agreement very powerful Mercantile Trust Co. of San Francisco, as well as the North- Western ̈ National Bank of Portland, Oregon, among the incorporator. Be cognising that Shangbai is the focal point for Far Eastern development, the Equitable Eastern Banking, Corporation have its beadquarters in this great clearing-house for Far Eastern trade and Bnancial activity.

3. The 1016 agreement... 150,000,000 4. The 1917 agreement... 0,700,000 5. Special banking lacilities. 8,500,000 6. Pornian Force (about),

Total

$00,000

£500, 100,000

AN UNPRECEDENTED COURSE,

ΣΑΤΖΩ Mr. Chamberlain, speaking Hat Bit

in anticipating the Budget, which he explained was only permissible in view of the abnormality of the times.

Mr. Chamberlain, firstly, scouted the report- ed intention of the Government to pro- mote a rush election, and criticised the to instruct the public in encouraging thoughtlessness of those who presumed. hopes of a widespread reduction of tax tion. had transformed Great Britain from a Limoges,

That was impossible. The var

This sum should be augmented by nearly £100,000,000 it interest due and unpaid for a long period is taken into creditor into a debtor uation, but we had transformed the national deficit into a balance on the right side, and had

DANISH LEGATIONS.

consideration. To pay of these huge sums the-Russian Government had in reality" begun to repay foreign debts of the

BILL IN FOLKETING.

only transferred to the Bank of England Government. He concluded · that we could afford not to renew the Excras

in 1914 £8,000,000. In 1915 a further Profits Duty, which was only justifiable

COPENHAGEN, February 3rd.

£40,000,000 were brought out, but remain- Dr. H. Paul of Yokohama, contried the property of the Russian State The Foreign Minister has submitted to as an absolute financial necessity.

Consequently the duty will be dropped the Folketing a bill increasing diplomatic bating to recent issue of Gluckauf, dis Bank, to which it must be returned ono

cusses Japan's mineral resources. Не as from the end of last year in the case of and consular representation abroad and emphasises great advance in output of Year after the official ending of the war. a business started since the beginning providing independent, legations in Hol- the coal mines during War from 22,000 of the war and in the case of other land, Japan and Siam, and a new con- million tons in 1914 to 30,000 million businesses the daty will only unsulate in Batavia.

NO DILUTION. BUILDING TRADE WORKERS' VERDICT.

for seven years from their first account- ancy period. New duties might be im- LONDON, February 3rd. posed in respect, of dumped goods or WOUNDED.

The building trade operatives have re-depreciated exchanges, but there will be LONDON, February 4th.jected the Government proposals of dilu. no new taxes. An official statement says that a party ton by the admission of unemployed ex announcement would restore confidence Mr. Chamberlain believed that this of police was ambushed at Fallas Green, Service men. Their reply which may and re-invigorate trade. He also held mear Limerick, being killed and embody an alternative proposal has not out hopes that the Budget will be reduced wounded.

yet been decided on.

£950,000,000.

NEW

LOAN TO CHILE.

JAPAN'S MINERAL

RESOURCES. -

(estimated) for 1010. Yet the production A cat has been described ng “an animat hardly suffices for home requirements, which is always on the wrong side of tha The industry's prospects are regarded door." Anyone who keeps one knows thin favourably, although exhaustion, of the to bo true. Two lovers of cats were cach NEW YORK BANKERS' VIEWS.

deposits is anticipated in 60 years it discussing her favourite, and agreeing on demand goes on increasing and no new this polar. But Tom is so clever," said Banking circles confirm the report, that creating interests in the deposits of nad swings when he wants to go eat or ia » NEW YORK, February 3rd. areas are discovered. Henco Japan's in- | one; "he always leaps on to the door-handle a loan of $25,000,000 to Chile is under con- neighbouring countries, notably China, templation, but deny similar reports as with deposita estimated at over 1,000 mil regards the Argentine and Brazil

Bards of tous.

My cat is more artful than that," said the other; he just pretends he's going to be sick, and gets the door opened immediately."