1921-04-02 — Page 5

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CABLES.

LATEST CABLES. (THROUGH REUTER'S AGENCY.]

: PASSENGER SHIP SUNK.

COLLISION WITH FREIGHTER.

BEATTLE, April 1st.

THE HONGKONG DAILY PRESS, SATURDAY, APRIL 2ND, 1931.

LATEST CABLES. COAL STRIKE MENACE. MINERS WAITING FOR TRIPLE ALLIANCE" ACTION"

LONDON, April 1st. Reports from the coal-felds show that the stoppage will be general to-day.

The most depressing factor in the situa The passenger steamship Governor was tion is the Federation's persistence to Bunk this morning off the coast of Wanb-withdraw the pumpinen. The public is ington as a result of a collision with now anxiously awaiting the national con the freighter West Hartland, proceeding ferences which the railwaymen and the from Seattle to Bombay. It is believed transport workers have convoked for next. Wednesday to decide the extent of assist that all the passengers escaped. PERUVIAN COMMUNICATIONS ance which they are able to render by

sympathetic action. MARCONI COMPANY'S GREAT

: ENTERPRISE.

It is noteworthy that whereas the miners' former disputes left the "Triple LONDON, April 1st.

Alliance free to decide its own course The Marconi Company will shortly operate the whole of the Peruvian postal, of action, they are now pressing for active The assistance. The outcome of the confer telegraphic and wireless services. contract in for 25 years on a considera-ences is in no way hopeful, in view of tion of ́t per cont of the gross receipts recent speeches in which the "Triple and 30 por cent, of the annual proats. Alliance" leaders sympathised with the Sir William Sliggo, the telegraph miners, giving it as their opinion that con- expert, has been appointed chief officer ditions in the mines were a prelude to in control of the enterprise.

MR.

DANIELS RETURN TO

JOURNALISM;

HIS DAILY CALLS AT NAVY

-DEPARTMENT.

general attempt to reduce wages.

There

EARLIER CABLES. PUMPMEN DEFY THE FEDERATION.

LONDON, March 31st. A national stoppage of mines to-morrow is now regarded as inevitable. NEW YORK, April 1st." By an odd revolution of the wheel of have been no further negotiations be- fortune, Mr. Josephus. Daniels, ex-Secretween the miners and the Government. tary of Navy, has returned to his earlier avocation of a newspaper correspondent; and cnila daily at the Navy Department in Washington inquiring for news. THE CASE OF MR. ES MONDE

VANCOUVER, April 1st, Mr. Esmonde has been allowed to land on condition that he proceeds to England later.

BRITISH REVENUE RETURNS MOST. SATISFACTORY RESULTS.

LONDON, April 1st.

Many miners this afternoon brought up their tools, and the pit ponies in South Wales are being brought up owing to the fear of floodings.

PROHIBITION OF EXPORT.

LONDON, March 31st.. "It is officially announced that all export of coal, coke and patent fuel is probibited except under permit.

OTHER CONFERENCES.

LONDON, March 31st. Delegate conferences of the railway- men and transport workers have been

convoked to discuss the miners' crisis The officinis state that the Executives regarded the situation as very grave, be cause it is considered that the miners' a gonera! deadlock is a prelude to attempt to destroy natínual negotiations to reduce wages.

"

11

FAR EASTERN CABLE LABOUR AND WEALTH.

HOW TO REPAY THE WAR DEBT.

NEWS.

(TABOSON REUTER'S AGENCY.)

-PANAMÁ CANAL. VOYAGES SHORTENED BY THE GREAT WATERWAY.

NO TRADE' TAXES.

* la' at recent issue of The Scientific The second interim. report of the American appear some interesting details DUTCH EAST INDIES RED CROSS, Labour Joint Committee on the Cast of with regard to the Panama Canal, which Living is a striking document. It deals was opened to coinmerse, on August 18th, with the question of taxation, and pro- 1914. The length of the Canal from deep

LONDON, April 1st.

The Geneva Conference of Red Cross pounds with great frankness the ideals water to deep water is 43.84 miles, of

and aims of the Labour party in regard Societies has agreed to the Dutch Indies to the raising of revenue and the repay which 12.76 miles are sea level section, Red Cress participating in the conferment of the war debt. The committee's and 31.03 nautical miles consist of lakes

ence.

BANDMAN OPERA CO. SUCCESS OF OH JOY." "Oh Joy" was the second "coures" in the Bandman Opera Co.'s delectable at the Theatre U.S. INDUSTRIAL CONDITIONS menu, presented

Royal, last night, to an overflowing audi- a musical farce, FEDERAL RESERVE BANK REPORT.

ence. Described as WASHINGTON, April 19t."Oh Joy," with a semblance of plot The report of the Federal Reserve Bank denied to most musical comedies, por trayed the situation of a couple who had for March states that business unter

contracted a runaway marriage, leaving tainty continues. A waiting attitude is

the husband to explain matters with observable on the part of producers, exactitudes of a distinctly Hawtreyian except in special lines like automobiles, character. Hemorons situations followed for labour will probably result only upon witty dialogue helped the textiles and footwear. A better demand with rapidity, and catchy songs and

friend, well mearing increased activity in special industries. to much laughter. Mr. Leyland Hodgson, Silk mills show a slightly larger produc.

breeziness itself. Mr. Eric Masters, as with tion. Favourable weather conditions re-

the distracted husband, lied sulted in the harvesting of the remainder distinction, if not with success, and whilst Mr. Dan Mansfield, ar Constable Sims, and Jack Crichton; in clever character studies, caused roars of laughter. Miss Darce Hanbury was winsome as the bride, whilst Miss Dolly Prince, Jackie Sampson, ung to perfection. The ladies of the chorus added to the success

To-night the Company" present Buzz." of the farce.

of the cotton crop.

4

NAVAL BALLOON MISSING. FATE OF THE CREW:

WASHINGTON, April 1st.

The Acting Secretary of the Navy has

of a naval balloon carrying five men opened an inquiry into the disappearance

which left Pensacola, Florida, on March It is generally believed that the It is authoritatively stated that the 2nd. Government does not intend to ration the consumption of coal, but will immediately stop all exports. Meanwhile, foreign inquiries for American coal are already Bowing into the United States from all parts of Europe.

The Government has notified the owners that it is unable to guarantee

The revenue for the financial year end-sufficient, naval ratings to keep the mines od to-day totalled $1,423,981,666, as com- dry, and the owners must be prepared to pared with £1,339,571,381 in 1919-20. The work the pumps with available staffs. „It revenue for the past quarter amounted to is understood, however, that the Govern. *£537,180,038, es compared with £643,318,677 ment will render all possible assistance.

It is declared that the whole "Triple in the corresponding quarter of 1920..

The revenue exceeded the estimate by Alliance will espouse the miners' cause. £7,084.660. The expenditure totalled It is pointed out that this does not neces £1,105,000,000 being, £75,750,000 under thesarily mean that the railwaymen and estimate. The results may be regarded transport workers will strike, but they ́as most satisfactory in view of the great may decide not to transport coal, a step which in two or three weeks would mean and unanticipated trade · depression.

the stoppage of all industry. £328,000,000 was realised in the year 1920-1921 from the sales of surplus stores, as compared with £205,000,000 in the previous year.

KARL'S COUP D'ETAT." SEVERAL GARRISONS ACCLAIM KARL

STATE OF EMERGENCY.

LONDON, March 31st.

Under the Emergency Powers Act pass ed in October, 1920, a Proclamation has been issues concerning the threat of a cessation of work in the coal mines, declaring that a state of emergency

audience

W19

83

Buzz

TRAGEDY. -BETROTHAL OF THE KING OF

SIAM ANNULLED.

•

view is that a bold attempt should be and locks.

The width of the channel in sea level made to extinguish speedily a substantial proportion of the debt by a graduated levy sections is 500 feet in Gatun Lake, 500 on all forms of accumulated wealth Con- to 1,000 feet; and the bottom width in currently they propose, on the one hand, the Culebra Cat varies from 300 feet to an increase of direct taxation of higher 600 fest. On account of the great slides, the maximum width across the Cat (at incomes, and on the ether, the remission Culebra) between the outer edges of or reduction of important indirect taxes. slides is about 3,000 feet. The number In a word, those classes whom the com- of locks is twelve, arranged in pairs; the number of lock gates is forty-six, and mittes claim to represent are to be re-the total weight of the steel in all the lieved as far as possible of their share gates totals 60,000 tons.

yards. of the burden. Stated shortly, the main used in all the locks totals 4,500,000 cubie The depth of water in the Atlantic items of this two-fold programme are:-

A. A levy BB incomes over section is 41 feet at mean tide; in the £8,000 on a scale varying from 1 to 50 Pacino section, 45 feet at mean tide; and the depth of water in the Lake and per cent, to yield £1,000,000,000.

Cut sections is from 43 to 85 feet, while the elevation of the bottom of the Canal in the Gatun Lake above sea level is 40 feet.

COST OF REVENUI

2. A steeper graduation of the in come-tax and the bringing in of sources of meome at present untapped,

3. Higher death duties, and an in crease of duty at each successive trans- ference of inherited wealth to the point of ultimate extinction."

B.I. Total abolition of taxes foodstalls.

on

2. Halving of the tobacco duty. 3. Abolition of entertainments tax, 4. Income-tax exception level to be raised, and allowances for dependents to be made more generous.

The concrete

The total cost of the Canal to date is approximately 373 million dollars. The number of commercial vessels which had used the Canal to January 1st, 1920, was 8,887, carrying 33,068,213 tons of cargo, and there is a steady growth in the traffic.

-

"The purpose of the United States in. cutting through the Isthmus of Panam

It is pointed out that the alternative at a cost of nearly 400 million dollars,"

was to shorten to the proposed levy is a slow reduction our contemporary adds,

of debt, coupled with the continuance for the ocean trade routes of the world, and a long term of years of heavy taxation to particularly to bring out Atlantic and ect the interest on the loan outstand Pacific coasts closer together by avoid, ing.

ing the long voyage" around Cape Horn.. Assuming, as we reasonably may, There are also the military advantage of that both prices and the rate of interest enabling our warships to pass expedi will fall, the continuance of the war debt tiously from the Atlantic to the Pacific, will involve the people of this country and vice-versa, thereby obviating the in an increasing and not a diminishing necessity for maintaining two separate The voyage from New brdea, and the productive population feets..

will need to work correspondingly harder York to San Francisco has been shorten A vessel sailing from receivers with currency far superior to of 7,873 miles. balloon fell in a swamp on the Florida ROYAL ROMANCE TURNED TO for the purpose of providing the interested from 13,135 to 5,262 miles, a saving that which they originally lent to the New York to Callno steams: only 3,363 miles, as against 9,813 miles by the" State. coast, the men perishing

We do not, think that the effect of Straits of Magellan, a clear saving of raising revenue for the repayment of a 6,200 miles. Vessels bound from Liver large part of the National Debt would pool to San Francisco have 5,680 miles.

"Increasingly as the traffic has grown. diminish the mobile capital available for investment, and the fixed capital already the Canal has become self-supporting. employed in industry would remain. and, in the fiscal year ending June 30th, Wealth would change hands, but its total 1910, the revenues earned in excess of volume would not be affected, and the current expenses were 341,822 dollars. on the amount applied to production might This estimate does not include any allow- ance for depreciation or any interest actually be increased."

charges on the capital investment of 365,415,985 dollars."

LEAGUE FINANCES. BUBSCRIPTIONS PROMPTLY PAID."

GENEVA, March 31st. The League of Nations states that over 97 per cent. of £297,000, representing the Arst Budget of the League, has been paid

All members of the League paid their allotted shares, except Argentina, Para

get of 10,000,000 gold francs, covering the guy, and Salvador. Of the second · Bad-

period from July 1st to December 31st last, 13 millions have been received so far. REPARATIONS PROBLEM. REPORTED GERMAN OFFER TO

AMERICA..

BERLIN April 18t. In the course of exploring paths to- prob wards.

solution of the reparation lem, it is understood that Germany recently approached America offering to discuss the question of taking over portion of the Allied indebtedness to America, subject to the other parties

consent.

We recently briefly announced that the betrothal of the King of Sium, which was announced last November, had been annulled. The following is a translation of the Royal Proclamation subject:

•

BY COMMAND OF THE KING'S MOST EXCELLENT

MAJESTY.

Person.

**UNHEALTHY LUXURY."

It is suggested that the levy should be made on the accumulated possessions of WHEREAS, in proclaiming His Majesty's individuals, whether earned or unearned, Betrothal and, for this purpose, promoting and whether in the form of land, houses, the drama, in music, and as its tech- Mow Chow (Her Serene Highness Prin-factories, machinery, foreign securities, nique and possibilities become better cess) Vallabha Devi to the title of Phra pictures, jewellery; furniture, or what understood in the cinema we see agen-. Varakanyapadan (The King's Betrothed) not. As regards companies and business ces which ought to be encouraged rather Para Ong Chow (Hor-Royal Highness) firms, the individual shareholders or than discouraged by means of taxation. Princess Vallabha Dori, His Majesty had partners should be assessed on their in- We should prefer to see the State sub- no other desire than formly and definitely dividual boldings. Corporate bodies not sid'sing art, music, and the drama rathert to ensure the succession to the Throne engaged in trading for profit, such as co- than relieving the well-to-do of an addi with a view to the good of the country, operative societies, should not be re- tional £11,000,000 of direct taxation by taxing the enjoyments of the mass of the the welfare of the Royal House as well quired to pay the levy.

"We believe it should not be imprac people." as the happiness of His Majesty's own ticable to liquidate the whole of the

FORTUNES FOR THE STATE. National Debt. It is to be remembered These proposals would involve a loss of AND WHEREAS, to His Majesty's deepest that £6,556,000,000 of the debt is internal revenue of £07,000,000, which deficiency, regret, it has now become apparent be yond all doubt that His Majesty's noble debt, and that, therefore, its extinction it is suggested, should be transferred to desire as above stated cannot satis is simply a matter of transference of direct taxes, and, therefore, to the better- committee are opposed to the levying of factorily be met owing to the incom wealth, within the country, from one set to-do sections of the community. The "A lory which made possible the re- any special tax on business firms, holding patibility of temperament between His of individuals to another. Majesty and Her Royal Highness Princess payment of the whole of the National that the income tax and super-tax should Vallabha Devi, which may be accounted

social evils. It would bring sound health taxation. for by the chronic indisposition of Her Debt would purge the country of many form the basis of our system of direct

On the subject of the death duties thes*** Royal Highness whose nervous system to the community by checking unhealthy leaves much to be desired, so much. Buxury and diminishing the unjustifiable state-

." From the point of view of that His Majesty is under the appre disparities of wealth which to day exist

the transfor- whole, hension lest, in the event of the foyal in society. But we cannot blind our society

fortunes bold of large

by marriage being permitted to take place selves to the fact that the vested property ence as formerly arranged, undesirable conse interests will persist in taking a short and private individuals to othere who may LONDON, April 1st.

All men in the North Wales and War H.R.H. Prince Henry has been award.quences may follow in the future in narrow view of the national well-being, have had no share whatever in amassing

gard to the auccession to the Throne.

and consequently, whilst not receding them is capable of neither economic nor A Budapest telegram to a Fribourg

Now, THEREFORE, being constrained from our considered opinion that the re social justication. We suggest that in with the deepest regret to bear in mind payment of the whole of the National addition to steepening the death duties, newspaper says that Horthy has resigned. wickshire coalfields ceased work to-day.

such possible consequences as just re-Debt is practicable and desirable in the the Government should increase the duty Several garrisons have acclaimed Karl

fered to," His Majesty, has commanded national interest, we propose as a prae at each successive transference of in Various authorities and troops are march-

is hereby given that the proclamation wide support, that the levy should be extinction. For example, if a person be relating to His Majesty's Betrothal which devised to raise at least £4,000,000,000. queaths a fortune on which the duty is. appeared in the Government Gazelle under In this case it is clear that the burden 20 per cent., this fortune (whether be- date of Nov. 9th, B.E., 2463, is hereby of interest and sinking fund on the re- queathed to an individual or to several). annulled, and for the title of Princess mainder of the debt should rest upon the should, when it is next transferred (or when any portion of it is transferred) pay. Vallabha Devi that of Phra Chow propertied classen." Varavongs Thoe (Her Royal Highness) shall take the place of Phra Varakany apadan, so that the Princess shall be known from now on as Phra Chow Vare vongs Thoe Phra Ong Chow (Her Royal Highness Princess) Vallabha Devi.

As regards the question of the succes Bion to the Throne, however, His Majesty is not leaving the matter unheeded onded His Majesty's wishca in this respect shall be made known by a notification in due

exists

PRICE HENRY.

LONDON, March 31st..

1

·Latzn.

ed the Order of the Garter on the occa sion of his attaining his majority, ~

The most calamitous effects anticipated.

ing on Budapest, and have joined the from the coal strike are likely to be MR. CHAMBERLAIN that a proclamation be issued and notice tical messure, which should meet with herited wealth to the point of ultimate

enthusiastic population.

Andrassy has been appointed Premier and has sent an ultimatum to Budapest. EARLIER CABLES. MILITARY DICTATORSHIP PRO CLAIMED AT STEINAMANGER.

averted owing to the action of the wind ing-engine men. Many winders in Scot land have decided to continue working. in honourable fulfilment of the previous agreement with the owners," while the South Wales Association has overwhelm- ingly resolved that, in the interests of the industry and the community generally, Tho newspapere announce that a milimembers should remain at the engines:: tary dictatorship has been proclaimed at Blainamapgerby order of the ex

VIENNA, March 31st

LATER.

RETURNED UNOPPOSED. : LONDON, March 31st:

Mr. Austen Chamberlain has been re elected, unopposed, to Farliament. WORLD'S CHESS CHAMPION

SHIP.

three more moves.

BOXING IN BERLIN. BRITISH BOXER BEATS GERMAN

CHAMPION:

course.....

-Dated the 15th of March, 1921,

Payment of the levy, the committee sug a duty at the rate of, say, 40 per cent. gest, should normally extend over three When the whole or any portion of it in years, and should be allowed in any of again transferred to other hands the duty the following forms: (a) cash, (b) British should ha-say, 60 per cent. At each Government securities, (c) other trustee transference the duty would increase securities or non-trustee securities rend until untimately the whole of the residue HANANA, March 31st.

I would pass into the hands of the State. In the fifth match for the World's

y realisable on the Stock Exchange. Chess Championship, Lasker, at the 43rd

In case (c) the securities would be hand- These progressive taxes would not apply to the National Debt Commissioners to that portion of a person's fortune move, suggested a draw, but Capablanca

who would gradually sell them on the which was not inherited."

The committee hold strongly that their nities presented themselves, and use the proposals would encourage enterprise, The proclamation of a state of emer-refaned and forced hasker to resign in

Stock Exchange as favourable opportu proceeds of their sale to buy Government and by diminishing luxury would direct securities, which would then be cancelled. Labour and Capital into socially produc Emperor. Karl, who has appointed Gen-gency enables the Government to deal eral Lehar to command an army reported, with any action, taken or threatened,

The King's intention of contracting During the period between receipt and tive industries. "Wo admit that the sale, the National Debt Commissioners rich individually would become poorer, an alliance with the Princesa was com would receive interest on these securities but the nation as a whole would become as numbering 15,000, which is ready to which is calculated, by interfering with the supply or distribution of food, water,

municated to the Privy Council on march on Budapest."

Our attitude with regard to retrench- November 9th. On November 12th King to set off against the interest payable more truly prosperous." They add:- JUGO-SLAV-TROOPS READY.

fael, light or means of locomotion, to

George telegraphed his congratulations on uncancelled debt.”

With regard to taxation, the committee ment may be summarised in a fow words April 1st followed, on November 16th by those of According to the Wiener Journal, 30,000 deprive the community of the essentials

readjustments with a view to redistribut of the National Debt and of expenditure Jugo-Slav troops are massed at Varazdin of life.

Tom Cowler, the British heavy-weight, the French President. The Emperos of hold that there as ample scope for further Wa.are of the opinion that the reduction knocked out Breitenstraeter, the German Japan, the Queen of the Netherlands, and ing the burden more nearly in accordance on the armed forces of the Crown are The fact that ponies have been brought heavy-weight champion, in the second the King of Italy also cabled congratu- with ability to pay. They are strongly of the chief means of retrenchment Waste- with the object of marching on Stein-

opinion that all taxes on foodstuffs ful expenditure in "other directions by ger-and preventing the restoration up in many mine areas indicates the round.

At a gathering at the Sports Club, the should be abolished; that the tobacco the State ought to be sternly eliminated, King, replying to a toast said With a duty should be reduced by hall; and that but there ought to be more generous ex- Hapsburgs

opinion of the owners that the struggle

A little girl came down to dessert at a consort by his ide to share his loaf of the entertainmente tax should be abolish penditure on services such as education, is likely to be prolonged.

dinner party, and was seated next to bread and jug of wine, the wilderness ed Of the last-mentioned impost they housing and public health, which lie at

the foundation of national wall heng." WARRIORS DAY

The Societies of Winding Engineers her mother, who, however, being busy

"It is but little better than the nine-It may be noted that among the Then, on March 7th, according to a ton- and Pumpmen in Yorkshire, Scotland, talking to her guests, omitted to give the (of his palace) would be paradise enow." remark

child anything to eat. After some time

do not think that theatres, cinemas, and H. Thomas, M.P MLW. Bowerman, ing the Royal Betrothalal dan Nottingham and Derbyshire decided this the little girl, unable to bear the temporary rumours beginning regard teenth century tax on knowledge. We members of the commiftes are Mr. Ja evening that all workers essential to the negligenes any longer, with sobs rising And finally the proclamation of Annul- concerts always exert the kind of in M.P Mr. C. T. Cram. J. Ramsay preservation of the mines must remain so her throat, held up her plate and

ing

(Continued at, foot of nezt column.) Frank Hodges at work, thus defying the Miners' Federa said: Does anybody want clean ment, in forms that are indeed surpris- fluence which we should desire, but in Macdonald Mr. Re, and Mr.

pistol

LONDON, March 31st. There were over 400 matinees on behalf of Earl Haig's Fund for Ez-Bervice, men throughout the country, to-day, on the occasion of Warriors' Day.

tion

lätlons.