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EMPIRE UNITY- PARLIAMENT LINKS. -
The Speaker, the Right Hon. J. Whitley, M.P., presided at the ninth annual meeting of the United Kingdom branch of the Empire Parliamentary As sociation, held in the rooms of the Association. Westminster Hall, on Nov. 2nd..
POLICY."
The Rosta News Agency supplies the following tracts-from-a-report on the new financial policy of the Soviet Govern- ment presented by the Commissar of Fin ance, Mr. Krestinsky, at a meeting of Government workers in responsible Moscow last month:-
AND CHRONICLE
1922.
NOW IN COURSE
COMPILATION.
road it must lead to a leag and resplend- RUSSIA'S "NEW FINANCIAL THE DIRECTORY ent period, in which, the members of the British Empire will reap the fruits in the truest and highest sense of the stori How they have made and the triumphs they have achieved in the great struggle which is over. If we try to stand by urselves, as people of this island, powerful as our people are, great and historic as have been their achievements, marvellous as is their volcanic vitality and energy, we could never meet our great sistor nation, which speaks our Language and is our kith and kin naross the Atlantie; we could never meet that great Republic unless on terms which give promise of still higher sympathies and a still more important destiny," (Cheers.)
Mr. Whitley said the fact of the Im
this summer had perial conférence brought visitors, not only tho Prime Ministers of the Dominion Governments, but also many of their colleagues in those Parliaments overseas and he thought they would with one accord tell them how much they appreciated the opport- unities that were given to them of finding a real home and welcome in the rooms of the sasociation. In addition, to that, they had had the presence of representa tives from the new Legislature in India, and opportunity was also taken of in viting leading statesmen from overseas to address the meetings of the nasocis tion. They could really feel, how that they had constant visits from their col- leagues in the other Parliamente of our great Commonwealth, that they could meet. not as strangers, but as real col leagues. They had 400 members of the House of Commons in the United King dom branch of the. association, and he thought they might make 600 their am- bition. He was sorry to say that the other House did not as yet contribute as well in membership of the association, but, if he dared give a hint to the House of Lords on a matter of that kind. it was that they might enter into a modest rivalry with the House of Commons and attempt to equat their membership of the association..
INTERCHANGE OF IDEAS.
Mr. Winston Churchill, Colonial Secre tary, in moving the adoption of the report, said it was impossible to exaggerate the advantages which such an association offered to the "British Em- pire; it was impossible to everrate the importance of a piece of mechanism such as that in the structure of the Imperial organisation. (Cheers.) They knew how for years the growing movement towards the unity of the Empire was delayed, retarded, and discouraged by the lack of any effective links of communication bo- tween the leading politicians and respon sible persons in this country and the leading men in the great Dominions overseas. Visitors used to come to Lon don in the eighties and ninetics, often for months, and hardly the slightest notice was taken of their presence. They bed to friends to whom they could go to get into touch with political life here, and they went away feeling that, while Parliament might be a wonderful organi- sation, it was one from which they were detached. Now they could come here and enter into our affairs, and go back with an added store of knowledge and ex- perience gathered from this great com- munity. For our part it was enormous benefit for membThe greas Dominions and to find their official position recog nised. The more that process was icon tinued the more rapid would be our pro- dress towards a higher unification. "
"There could hardly be a more appro-
LABOUR APPEAL TO LORDS.
**There are
Mr. J. B. Clynes, M.P. cnding the resolution, anid he would like to join in the appeal that had been made to mem bort of another place" to support the adiation in larger measure, and i deing so they had the spectacle of a Labour spokesman appealing to the House of Lords to support Parliamentary institutions (Laughter.) The resources of the Empire were not merely economic, but moral, and those resources coule only effectively find expression through Parliamentary institutiDES. two alternatives to our Parliamentary system," said Mr. Clynes, "there is that contented life written of and spoken of by a Jew, in which man can dwell to gether amid a total absence of any form of government, in which all would be quite competent of being a law nato themselves; but mankind will have to ascend much nearer to the angles, before we can think of social order in the db- sence of any form of government. The other alternative has not been without some form of trial, and, so far as we can, see, it has not met with any measure of access. It is the dominance of some section or class enabled by some state of emergency to acquire sway and power over those who must be subordinate to its rule. You can call that system by whatever name you will, but in effect it is bound to be a tyranny; it is bound to be a thing which must rest upon the application of force in whatever form that force be applied." The struggle for Parliamentary institutions, he con- cluded, had been a long one, but it had bean a successful one. They appealed to the people from different standpoints, but whatever might be their point of appeal, they all has this in common-the anxiety and desire to turn to the fullest possible use of the community's well- being the great instrument of Parliamen tare government (Cheers).
THE SPIRIT OF PEACE.
41
FOR
41
CHINA JAPAN, KOREA,
STRAITS
INDO.CHINA, SIAM,
SETTLEMENTS, MALAY STATES,
NETHERLANDS INDIA, PHILIP..
PINES, BORNEO, Etc.
MONEY 'CIRCULATION, In the second part of his report Mr. Krestinsky dealt with the question of money circulation, which is characterized by a very serious scarcity of money. The scarcity of money is due to purely techni cal reasons. Ia drawing up the produc tion scheme of the State press for 1921, we allowed ourselves to be led by the experience of 1920, and failed to sea Beveral now factors which led extraordinary increase in the demand for
One of these factors SIXTIETH paper currency. was the exchange of goods. At present wo have a circulation of from three to three and a half billion roubles. I we reduce this quantity to its worth in gold roubles and then compare it with the paper circulation in 1914, we see that the SPECIAL NEW MAP OF HONGKONG. paper circulation then was ten times larger than at present. The requirement
to B.D
of the State in paper money for 1991 was
calculated at seven billion roubles, but. in consequence of the change in tarif and the general economic policy, not soven but twenty-two billions are needed, It is difficult to find an immediate re ady but suitable measures are being taken, although the currency shortage cannot be definitely dealt with till 1929.
THE PURCHASING POWER"OF SOVIET MONET. The frantic downward rush of the paper rouble has two reasons: the scarcity of commodities and the increased emission of paper money. In order to stabilize the money system those two causes must be removed. In proportion to the extension of free trade, the de mard for paper money grows and the new. economic policy has somewhat neutralized the first cause.
The second reason for the sinking pur- chasing power of the rouble can be ex plained by the fact that more paper currency was put into circulation than was demanded by the economic condi tions, Now that the demand for cur- reacy notes is large, a certain increase of purchasing may be observed. This plays a very insignificant part in remedy- ing matters, and in order to settle the question, the insurance of paper currency must be limited.
THE BANKS.
The barks completely disappeared dur ing the revolution and the State bank hardly did any business. The peasantry and the small industries delivered their entire produce to the State, so that all demand for credit ceased. At present a demand for banks undoubtedly exists (1) for storing the enormous sums se cumulated by individuals, and (2) for advancing credits to private trade and in advancing credits to the factories no longer operated under State cost, as this will lead to the increase of production through private initiative.
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THE DIRECTORY corars the whole of the ports and cities of the Far East, from Nether
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The CHRONICLE fovera tha notable events ans Trastes concluded with the countries of Eastern Asis, the various Customs Turis Trade Regulations, Chambers of Commerce, The Commissariat of Finance is now Scales of Commissions, Consular and Court busily organizing the State bank as a Fees, Hongkong Stampa-Duties, Signal unique organ for maacing enterprises. Codes, Chinese Festivals, Tables of Money, The bank is to begin its functions in the Weights and Measures and other Com. very near future, and will have branches mercial Information. in the larger provincial towns. This is
It is published at the Office of the “HONG* no concession, to small bourgeoisia ideas, KONG DALY PEZIN." but a logical consequence of the economic The Directories and Descriptions are of -— policy.
Спа Soochow
Sir Donald Maclean, M.P., in support ing the motion, expressed a hope that the appeal which had been made would not be treated in another place" as a money bill-laughter)-but as a measure sent ip with the united opinion of all members of the House of Commons that is the sociation. At the same time it had to be remembered that some of the earliest and most powerful sup porters of the association had been mem bèrs of the Upper House. They could not forget the great services of Viscount Burnham, Lord Blyth, Lord Emmont, and Lord Islington. It was the Parlia mentary spirit to which they must look to develop the spirit of peace through out the world. The masses longed, for peace, and he thought now-a-days all rulers did as well. but the wishes of the people must be given in clear and prac ticable terms, sad that could only come through Parliaments
In what measure will the new economic So long as the British Empiro was "free, tolerant, and
courso be realised and what results will unaggressive " he was certain that, it give Much depends on whether we through--the various Parliaments which will succeed in getting help from westero made it powerful, they would continge Europe in the form of loans or concer to go steadily forward to the time when
Even if no foreign concessiona Mr. Speaker would be called upon to come, we need not lose courage. On the preside over a world Parliamentary whole, our industry can work provided it Association within those walls (Choers.) is supplied with the newssary mater
Mr. Tom Shaw, MIP., in seconding a ial.
siong.
FUTURE PROSPECTS.
priate link undur the Crown," Mr. Chur chill said, for the widely distributed communities of the British Empire than this Parliamentary Association. We have devised in these islands a system of Parliamentary government which is now the commonplace of the constitutions of the world, and we think we have pre served in greater measure than other countries the art of working these in- atitutions, and-of-preserving-them in a atate of active vitality Government by Parliament is essentially government by parley as opposed to government by dictation or government by violence, or even government by clamour. (Laugh- ter.) It is a process which strikes a responsiva note in every British heart, no matter under what sky or in what climate Englishmen or Scotchman-and, vote of thanks to M Speaker, said he We must shove everything into the I trust, Irishmen as well-may dwell believed the British Empire was the background if it is not of primary im The idea of parley and compromise is strongest forco in the world for peace poztance, and concentrate.all our forces one which essentially commends itself to and development, and that, peace and on a few enterprises which are to work us. It is the foundation of the means by development would best be secured by full blast. We must concentrate, nat which the structure of our Empire has the constant intercourse of those guiding scatter Dur forces. From extensive been steadily unified. We cannot posthe Empire's destinies.
economy we must pass on to intensive sibly go on alone. We cannot possibly Mr. Whitley, in replying, said there economy. Then we can look into the pretend to claim for this Parliament in was a proposal which would shortly be future with confidence, for our success is Westminster that it shall alone and sole-made that all the branches of the asso- assured. ly control the whole great policy of the ciation should join in presenting a mace British Empire. It has done so in the to the new Legislative Assembly in India. past. It has called itself the Imperial It was felt that their Indian fellow. Parliament, and it has taken all the citizens would cordially appreciate a great decisions for the Empire, as a movement of that kind, and when the whole until very recent times. But those proposal came before them he was sure We cannot possibly it would receive the unanimous support times are gone. continuo except in co-operation and as- of that branch of the association. sociation with the other great 'communi. ties which have sprung up under the British Crown, marching forward hand
4
THE PRESS AND PEACE.
In honour of his fiftieth buniversary as a journalist, Mr. Melville Stone, who piloted the Associated Press of America to its present high estate, the Association of Foreign Press Correspondenta gave a dinner at New York, on November 2nd, when the guests included the advanco guard of the correspondents arriving from abroad to report the Washington Conference.
Mr. P. S. Bullon, American representa tivo of The Daily Telegraph, the presi dent, paid a tribute to Mr. Stone not only as a journalist, but as a diplomat and mediator whose work had harmonis- ed the difficulties of many nations. Dr. lyenaga, of the Japan Prese, declared that Theodore Roosevelt and Melvillo
in hand with them, and although for " THE CITY OF PURPLE DREAMS." many years possibly for generations, the title deeds of the British Empire will This thrilling picture was shown at the be deposited at Westminster, we are World Theatre yesterday afternoon, and bound step by step in policy to attuneis only to be shown for two days more earselves to the wishes, and to the needs (to-day and to-morrow at 5.18 and 0.15 of the Overscas Dominions of the Crown. p.m.). Thomas Santschi is cast in the (Cheers.) How can this be done except leading role, that of a derelict. Of the there is communication" and constant in- two feminine characters, Ecasie Eyton tercourse between the representatives of appears na "Miss Otis, the wealthy this Parliament and the representatives girl; and Fritsi Brunette as Esther," of the Legislatures of all the Dominions? the girl anarchist... Unless there is this close, continual The story opens with an encounter be Stone wore the two men respinsible for sympathy and understanding developed tween the derelist a young strong-look- the Russo-Japanese Pasca Ticaly of by the spread of knowledge, developed ing fellow, and the wealthy girl. Her | by the interchange of information, it motor just misses bumping into him, and will be perfecuy impossible for the exe out of armpathy she gives him a dollar, cutive alone to work out common policy adding a word of advice, Clean up and for the Empire as a whole I, therefore, keep clean." The derelict begins to act associate myself in the most sincere on this good advice, but later meets manner with the work which you have. Esther, who falls in love with him, and
undertaken.
id
advises him to take what is yours, "The report speaks of the importance The hero eventually threatens the mil of the Imperial Conference hold this lionaire, Otis, unless he gives him ten year, but every year is a year of import thousand dollars. For this he is com ance at the present time in the consolida mitted to an asylum, from which Esther tion of the British Empire, and I cannot helps him to escape. He knows of doubt that the year which is before us Esther's love for him, but proves untrue will see developments of a favourable to her, and, after he has won great wealth kind in the unity of our farfung race. by crooked means, marries Otis. As the (Cheers.) If we are able to move for story goes, the derelict turns out to be a ward along that road there really are no gentleman by birth, descended from an limits to the peaceful security and pros old Virginia family Father is killed by perity which the Empire may enjoy. I an explosion in attempting to take the we are able to move forward along that Ambassador's life.
Portsmouth:""
Besponding to the toast in his honour, Mr. Stone said. there was only body of men who may properly lead the world to peace the journalists. Politicians have to think of their constituencies, he said; statcamen must guard the opinion of the ations Mr. Stone declared that the War ended too soon. Germany should have been told, "You are to blame; you are whipped.
Mr. Wickham Breed, editor of the Lon- don Times replying for "The Visitors, expressed his agreement that the making or unmaking of the peace of the world la largely in the hands of the newspaper Press. He declared that the "Washing ton Conference must succeed, and tho newspaper correspodents can make it auc ceed. If there is secrecy, he added," "Tet ne break in the windows with fiats and ・foot."!
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