1922-08-26 — Page 5

*

CABLES.

RAELIZE CABLES, [THNGDON NAUTAR'S AGENCY.}

NO. PROGRESS IN REPARA-

TIONS NEGOTIATIONS." SERIOUS FINANCIAL SITUATION IN

F

GERMANY..

BERLIN, 'August 24th, Beparations negotiations are continuing "precariously. Hitberli there has been no

progress.

2

The Bourse developed a panic through- out the day, foreign currencies Adenneing by hundreds of points haurly until hold- ers declined to sell..

خوشم

The newspapers confirm reports of many failores, chiefs of small banks and brok

vers. The Post Office has ceased to issue A trade union foreign money orders. deputation called upon the Chancellor and urged energetic measures to prevent a collapse of the whole.rconomic life of the of the country.

Paris, August 24th.. Telegrams, from Berlin, depict a wast serious situation as regards reparations. They state that Germany as merely adfered to deposit in the Rhineland fifty "zaillion gold marks as a guarantee in case

of default in German deliveries al kind

NEGOTIATIONS REFERRED TO

COMMISSION.

BERLIN. August 24th. Reparations negotiations have ended. It is now reparted that these bare result- ed in a plan which must be referred to The Reparations Commission..

MARKS 9,000 TO THE SI

LONDON, August 24th. Marks are now 9,000 to the pound. NEWSPAPERS FEAR ECONOMIC COLLAPSE OF GERMANY.

Loxbös, August 24th.

THE HONGKONG DAILY PRESS, SATURDAY, AUGUST 26TH, 1922.

BIG DOCK FIRE AT CALAIS.

EXTENSIVE DAMAGE CAUSED.

CALAIS, August 24th. Damage amounting to several million francs has already been done by a big outbreak of fire at the docksheds last might. The cause is unknown. The fire is still burning and spreading disquiet ingly, owing to a strong wind. Firemen from Calaia and neighbouring places have arrived on the soetin.

NERVOUS TENSION IN

VIENNA,

ACCOMPANIED BY WHIRLWIND

DEMONSTRATIONS.

VIKNYA, August 24th."

FAR EASTERN CABLE NEWS.

(THROUGĂ ZIUXEX'a AQRNCY.]

STRIKE ON PKKING-HANKOW

RAILWAY.

NATIONAL TRADE,

IMPERIAL RESOURCES.

THE FORTY-EIGHT-HOUR WEEK.

EFFECTS ON LANCASHIRE'S PRODUCTION.

Sir Arthur Shirley Benn, E., pre aiding on July sad at the quarterly meeting of the Association of British Chambers of Commaren, referred to the The following interesting ootaments on. present condition of trade, and em the offset on production in Lancashire of The alightest provocation Ruhees

phasised the need for encouraging inter- the -bour week appeared in a magent create awkward situations owing to the

Psixo, August 24th. Imperial trading. They had before them issue of the Economists

A Manchester correspondent writes:-- present nervous tension of the population, Whirlwind demonstrations arise and die Ostensibly owing to the diamises of the proposals the Government made to

the Soviet. Their view was that the This week the eleventh congress of the down in quick succession. For example, Wang Ching Chun, Chief of the General arrangements would not be satisfactory International Federation of Master Cot 3.000 unemployed. dissatisfied with the

unless there was a recognition by the ton Spinners and Manufacturers' Asso dole which had recently been increased, Department of the Peking-Hankor Rail-Russians of their liability for money put ciations has been held at Stockholm. were peacefully demonstrating at Parlia ment House, when a baseless rumour by way, the working staff of the Peking-Pao into Russia under the protection of the The congress has been attended by over Inws existing when it was put in. 200 delegates, representing 20 countries. the Socialist leader, Adler, was circulatingiu section struck this morning. It is would be absolutely no good to trade with. The chief subject for discussion was the

The crowd thereupon forced, an entrance, and smashed the furniture, generally believed however, that this people who might declare, after enteroffect oa mill production of the 48-hour

ing into a contract, that their has pre- They used the fragments as weapons action was taken in sympathy with the The firemen controlled the Calais frangainst the police and demolished the

The Peking-Suniydan railwaymen. balustrade around the building. after a seven hours fight, but it is not police drew their swords and dispersed

the disturbera. expected that the fire will be extinguished for some time

FIREMEN GAIN CONTROL.

BOULOGNE, August 24th.

The contents of five warehouses, chiefly paper pulp also quantities of timber and piles were destroyed. The glare was visible on the English coast.

COMMUNISM IN AMERICA, SEVENTEEN MORE ARRESTS.

ST. JOSEPHS (MICHIGAN), Aug. 24th

d..

ן.

GERMAN PURCHASE OF OLD BRITISH TONNAGE, MAY BE USED FOR COMPETITIVE BUILDING.

STRIKERS VISIT TO PEKING.

Parso, August 95th, The Peking-Hankow railway strike con- tinnes Two hundred strikers yesterday stopped the through train from Hankow at Changhaintien. The boarded the train and came on to Peking, where the It is stated that negotiations are pro-railway police persuaded them to return greasing for the sale of further important. Lonnage to Germany. The Times estito Chenghsintien this morning. Another mates that 3,000,000 tons of the world's shipping over twenty years old cannot parts of twenty reached Peking and they

LONDON, August 24th,

vented them from doing it, or told them week, and papers were read by three Eng to do something else. He did not know liah delegates and leading employers from what the result was going to be. They France and Italy. In a paper propared all saw at The Hague that Russia was by Mr. Harold Cliff, the Secretary of the breaking away, and they hoped that, as Oldham Master Cotton Spinners Associa- more light was thrown on the inquiry tion, it was stated that the working hours of their present governors, the Russian in the English cotton Spinning and matin- people would see that their country.refacturing industry were fixed at 48 per turned to the community of civilised week by agreement between the employers nations and took its part in the trade associations and the operatives trada of the world. He was told that the par unions, the reduced hours coming inta chasing power in Europe to-day was one operation in the middle of July, 1919. quarter of what it was befors the war. From 1909 to 1918 the Factory Acts T- They could not secure a satisfactory trade stricted the hours of labour of women, until they got the European marketa back young persons, and children to 533 hours and developed their trade in the markets per week. It was pointed out that for of the world. America bad enormous the industry to swallow a reduction of markets, and he believed that Britain and 71 hours per week, or 13.5 per cent., at America were the two countries which, one gulp, without producing sooner or if they pulled together, could bring the later distressing and even painful sym- factory position. (Cheers.)

Seventeen communists were arrested normally be leng kept out of the ship-were also went back by the railway police. trading markets of the world into a sa-ptoms, could not be expected. Mr. Gift:

breakers' yards. Germans are apparent withly ready to buy many of these ships, the material of which may be used to build $10,000 new German vessels to compete with

British. RELIEF PARTY. FOR BRITISH

yesterday and charged to-day criminal syndicalism. The bail of was not forthcoming. Doe of the defen- dants is stated to be an Englishman.

AN AMERICAN VIEW OF

BRITAIN'S DEBT. ·

INCURRED TO COVER HER OWN) PURCHASES.

**EXPLORERS.

MAGISTRATE WILL TRY TO EFFECT

SETTLEMENT, }

Yesterday, Lium Eng Kebg, Governor of the metropolitan ares, sent a trate to Changhsintien in an endeavour to reach an agreement with the strikers, The Magistrate has not yet reported pro-

Tess.

The first three resolutions dealt with presented some figures to show the actual were submitted by the Southampton effect of the change in this country from Chamber, and they were all carried. The 65 to 48 hours per week on the produc first viewed with alarm the continued high tion of yarn, Owner of mills in the Magis-level of taxation, which could only be Oldham area, which contain more than reduced by drastic reductions in national one third of the total apindles of Great expenditure, and urged the Government Britain, were requested to "furnish in- to approximate more closely to the reformation. Particulars were also obtain. commendations of the Geddes Committee. ed from the Rochdale area. Dealing with." Particular attention was drawn to the 166 mule spinning mills in Oldham 'and. continued excessive cost of the Civil Rochdale, it was found that in June, 1919, Services, now five or six times the cost in the average number of hanks of yarn per 1914 to 1913. The other resolutions re-spindle per week, produced were 22,380, whilst in July of that year, when the quested the Government to include co- operative bocieties for assessment on their 48-hour per week had come into operation, trading surplus, as recommended by the the output was only 10,739 hanks, show Royal Commission on Income Tax, and to ing a reduction of 11.80 per cent. In deal- reduce the two-penny stamp on receipts ing with. 60 ring spinning mills in Old- ham and Rochdale, the statistics show that and cheques to a penny.

the decline in production was 10.25 per cent. The figures given show the compari- son between the period immediately before the change of the working week from 581

SCHOONER LEAVES FOR ALASKA.

OTTAWA, August 24th. An official relief party has left Nome, Both parties of strikers expressed their Near Wrangel Island, on the schooner Wasaisaros, Anguit 24th,

Teddy Bear to relieve the stranded intention of demanding the release of A further contribution to the war explorers who went in November of last three of their leaders who were arrested

year to prepare for the party which debts controversy.has been made by Mr.followed in March and hoisted the at Changhaintien...". Mellon, Secretary to the Treasury, stating British flag. The schooner intends to re

provision the party, which continues in PELING-SUAIYUAN STRIKE ENDED. that the suggestions that Britain's liability occupation of the Island. to America had been incurred on behalf of the other Allies were evidently based on a misapprehension. Hi declares that,

NEW TELEPHONE INVENTION.

The seriousness of the situation is indin the contrary, the United States did EIGHT CONVERSATIONS ON ONE

cated by the panie on the Berlin Bourse and a further sensational collapse of the mark in feared.

entail

not require ang Government to give an obligation for advances made to cover the purchases of other Governments. Thus the Edvinces to Britain were to cover her own purchases.

MR. MELLON QUOTES " MEMORANDUMS, .

Mr. Mellon_quales...

the Memorandum.

LINE.

PARIS, August 24th. M. Sinturel, a French postal official who was the head of the wireless service at General Headquarters during the war, has invented a new apparatus, whereby he claims that six or even eight "telephone: conversations can be conducted simultane ously over one wire. Ha cuila in... the Telemultiphon.

INDIAN VILLAGERS COLLIDE

WITH POLICE, · DISPUTE BETWEEN LANDLORDS

AND TENANTS.

CALCUTTA, August 24th. Further details are awaited ofă |

between landlords and tenants, they were

W

The

- DAVELOP TIIN EMPIRE..

Pxxixo, August 25th

One of the most important resolutions Peking-Suaiyuan railway staff dealt with the development of resources of the Empire, and urged on the Govern- strike has ended through an explanationment the need for convening an Imperial hours to 48 hours and the period im- Conference at an early date at which the mediately after. During both perioda the that Chen Shi Hua, a former director Government, the Dominions, and the mills were neither efficiently nor fully of that railway, had contracted the Tai.commercial and industrial communities staffed. The process of recovery from the should be represented to consider the war in both directions was rapidly pro- kang loan, about which they had agitated matter.

ceeding. According to further statistics Mr. Stanley Machin, in moving there obtained, the average yarn output of Old- and that Kao Eng Hung was in nowin

solution, said that the British Empire was ham and Rochdale mule spinning mills in concerned with the loan.

the greatest undeveloped asset in the 1914 for 551 hours wan 24,513 hanks per world, and as a business nation they spindle per week, but by 1929 for a pro- should sew that it should not remain induction of 48 hours the output had fallen its present state,

to 20,212 banks, showing a reduction of Sir Albert J. Hcbson, who seconded, 17.64 per cent. With regard to ring spin- said that such development would help to ning mills in the game areas, the outpat zolve the unemployment question. Feople in 1814 for 551 hours was 35,111 hanka ne who were a little work shy, bere often

PEKING POLITICAL" OUTLOOK, NOMINATION BY LI YUEN HUNG REJECTED.

4

PEKING, August 25th.

The failure of the reparations negotia tious, coupled with the Austrian crisis, is" the subject of grave articles in the morning newspapers." It also seems most probable that this is the cause of Mr. handed to the British Ambassador by the

worked well in the stimulating atmos-pindle per week, whilst according to Lloyd George'a audden interruption of United States' Treasury, in June, 1818,

Parliament yesterday sent back Liphere of the Dominions. (Laughter.) particulars obtained this year for 48 hours

his boliday, in order to return to London stating that the Treasury deemed if a

Yuan Hung's nomination of. Tang The solution of the economic difficulty was the production was only 30,140, a reduc- greater and better development of the tion of 14.15 per cent. Mr. Ch in .com- menting on the above figures said: "It to-day.

Sheo XI cardinal principle that ench Allied Gov-

the ground. that it Empire.

Mr. Amery (Parliamentary Secretary to will be evident that the 17.54, per cent. The newspapers dwell on the serious ernment give its own obligations for

contained extraneous comment. Namely, the Admiralty) said that our export trade, loss in production on mules is much in consequences for, the whole of Europe that

it pointed out that, the Premier was in addition to the increased cost of pro axcess of the 13.51 per cent, due to the duction, was faced with crippled and reduction in the nominal working week,

That was and if allowance were made for the varia the economic collapse of Germany and the commodities purchased, also, the Memo.

randum handed to the British Ambassador, collision between villagers and armed appointed by Cabinet, to take over the stagnant markets overseas.

police at Charphalipur, near Fabua. possible social disorders there, would in June, 1990, stating that the funding of When a posse of police arrived to keen duties of the Presidency and allowed him reffected in the grievous state of unea- tion in average counts it would be greater playment and under-employment. The still.So far as ring spinning is concern-" British indebtedness was not related to the peace in consequence of a dispute to retire. Parliament insists that the larger the stream of population that left ed, the loss of production of 14-15 per questions arising out of and concerning attacked by a thousand villagers. The appointment of the Premier and the these shores for some other part of the cent is only slightly more than that due Empire, which remained closely bound to to the working time, and may be neglected us by economic ties, not only the larger if allowance is made for the slightly finer war loans by the United States and

counis spun in 1992. It is abundantly United Kingdom to other Governments, or

the immediate volume of trade, but the larger the population this country could evident from the tabulated figures that support. questions in regard to reparations

Imperial customs preference the effect of the reduction in working had been of great value, and he would hours in cotton spinning in this country welcome any extension of it-(some cries has not had the slightest effect in increas-

· U.S,A. STRĮKÉ, SITUATION,

KAO ENG HUNG WILL BE GRANTED of "No." but there could be other preing the productive capacity of the worker. ference such as making it easfer to invest Credit must be given to the English ver STILL HÖPES OF RAILWAY STRIKE

capital within the Empire, and above all tile operatives that they have never ad SETTLEMENT.

the concentration of our minds on Empire vanced such a claim as a reason for re- development rather than on side-shows. ducing the working week. The estimated The trade of Europe was a side show.com number of spinning spindles in Great pared with that of the Empire.

Britain, according to the latest figures Mr. Arthur Balfour (Sheffield) raised issued, is 58,420,078. If we take it that the question of German reparations. the loss of production is no more than The time had come, he declared; when 13.5 per cent, reduction in our mills, then with France and the Allies we should it would need the erection in Great Bri- determine what sum should be paid by tain of an additional 8,805,450 opindles Germany, and, having fixed the sam, we to equal pre-war production. As an should give them. like business men, a average cost of 24 pon spindle, the capital discount for cash if they paid up quickly. expenditure required would be £35,221,800," if they did not pay the bailies should and the additional weekly wage bill at

PLAIN SPEAKING BY THE TIMES" "The Times is evidently fearful that M Poincare will feel unable now to retreat From his atoompromising policy and will precipitakē a catastrophe by some drastic action. It plainly tells him he has bluo. dered, urges France to refrain from any such action and the British. Government to promptly seek a positive agreement with France, apon terms that Germany can fairly be made to accept.

LATEST CABLES,

PILGRIMS DROWNED IN

BENGAL.

WHILE PROCEEDING TO RELIGIOUS FESTIVAL

police opened fire, wounding several.

PROPOSED NEAR EAST CONFERENCE,

FRANCE, AGREES TO BRITISH

PROPOSAL

D

PARIB, August 4th...

The French reply to the British Note in regard to the Near East conference at Venice has been despatched. It is understood that the Note agrees to the British proposal.

Naw Yoxx, August 24th. Whilst the Conference of the Railway Brotherhood Mediators and the Execu tives of some railways which endeavoured | TUG-BOAT STRIKE SETTLED. to reach a settlement of the railway strike has been adjourned, both sides profess ing themselves, no nearor an agreement,

AMSTERDAM, August 24th.

The strike of the staff on river tug- boats between Holland and Germany has ended. The Engineers and Firemen's

ditions.

retirement of Li Yuan Hung are not connected. When the time arrives Farlis ment will give"dne.consideration to the Presidency.

*

· LEAVE.

PILING, August 24th. : Kao Eng Hung has not yet resumed his duties and it is reported he intends to apply for five days" leave, which will be granted.

""

THE PREMIERSHIP QUESTION.

PEKING, August 24th.. It is reported from fairly reliable

The resolution was carried.

the door to pease bas, apparently not set Union has accepted the employers' con- Chineec quarters, that Admiral Tu Haik be put in" to take control of the phyta present rates would be over £70,000," In

been entirely closed, for the Conference will hold another session. It is under- stood the Executives are still firm against

Sixta, August 24th. A boat filled with men and children, when, crossing the river at Baran Bihar, the demand for the reinstatement of

to attend a religious festival, struck a strikers' with full' seniority rights. sandbank and capsized.. Fifty were drowned, including eighteen children.

U.S.A, SHIP SUBSIDY (BILL

POSTPONED,

NEW YORK, August 24th.

.t

“EARLIER CABLES- EMERGENCY MEASURES FOR FUEL, DISTRIBUTION,

WASHINGTON, August 24th. Senator Cummins has introduced in the

IRELAND'S CIVIL WAR. NEW COMMANDER-IN-CHIEF.

LONDON, August 24th. It is announced that General Mulcahy has been appointed Commander-in-Chief of the Irish Army.

BOTTOMILY'S EXPULSION FROM

THE 'COMMONS.

Wei. Chang Ying Hua, Acting Minister Finance and General Chang Shou Teng have jointly telegraphed to General Wa Pei Fu, asking him not to oppose the nomination of Tang Shao Yi, but to let Parliament decide the question of the Premiership

STR REGINALD STUBBS IN LONDON.

LUNCHEON WITH CHINESE CHARGE, D'AFFAIRES.

It is announced that the Ship Subsidy Senate a Bill establishing a fuel-distri- A telegram to the Indian Press on this Bill will be postponed till next session.bution agency and extending the powers subject, detel Angust 1st, said: The House

LONDON, August 24th. of Commons born an air of unusual gravity OBITUARY.

The Chinese Charge D'Affaires yester of the Inter-Slate Commerce Commission on the occasion of Mr. Chamberlain mov- regarding the imue of embargoes and ing the expulsion of Bottomley to which day, gare a luncheon in honour of Sir the House agrers. Prior to the motion Reginald Stubbs, Governor of Hong priorities and creating a Federal fuel dis being put to the vote, the Speaker read Long. Sir John Jordan and Mr. Victor tributor, who will report to the Inter-criticised the judge's charge to the jury Office were present,

letter from Bottomley, in which he A. A. H. Wellesley, C.B., of the Foreign State Commission. The latter is active thereon at his own discretion,

YEN. WM. H. O. DUNKERLEY.

LONDON, August 4th. The death is announced of the Ven.

FRENCH DOCK STRIKE.

THOUSANDS OF DOCKERS IDLE

William Herbert Cecil Dunkerley,

[The Ven, Wm. H. O. Dankericy, MA, wse Colonial Chaplain of Malucca, 1991; Penang, 1897-1901; Singapore, 1901; J.P.. |-- Visiting Justice, and Licensing Justice, Malacca, 1892; Hon. Chaplain and Cap. tain Penang Volunteer Corps, 1898; Hon Chaplain and Captain Singapore Volun teer Corps, 1901; Diocesan Surrogate, 1998 Ecclesiastical. Registrar, 1903; Arch dencam of Singapore, 1902-5 Latterly be Jas been rector of Leybourne, Art.]

Haver, August 24th.

The docks are at a standstill owing to a strike of gasworkers, builders and 5,000 dockers. Pickets are active and have cat off the electric current, forcing others to

gotso mork.

and also the Attorney Genres of PROPOSED RUSSIAN TREATY WITH

to sanction an appeal in the House Lords. He protested in was never guilty of conscious fraud, however irregular and unorthodox his methods may have been, and he declared that the forthcoming action, in the House of Commons was by far the most painful part of the cruel fate, which had overtaken him. He tade the House an actionate farewell, Dir.: Chamberlain limited himself to a few remarks, and com- mented on some inaccuracies in the latter. Colonel John Ward seconded the realation, which was passed in dead silenco.

and put a duty on imports as well as conclusion, Mr. Clia beld that the out exporta. Then they would get the money. standing factor of the adoption of the They had stood by France in the war, and 48 hour per week was that having reduced they should stand by her in the repara production and increased costs, haadi tion transactions. (Cheers.)

cap and been placed on the ability of the industry to receive in exchange for ita products the fruits of other labour in the

ama quantity or degree as formerly.

A resolution was passed stating that the association felt that until a definite line was agreed upon with our Allies and adhered to with regard to reparations there could be no improvement in trade with Central Europe.

MINERS CA CANNY. LABOUR" M.P.'S ADMISSION.

OIL "IN MESPOT.

BURMA OUTCLASSED.

Dr. E. H. Pascoe, Director, Geological Survey of India, who was deputed to Mr. J. O. Hancock, M.P.. senior agent make a geological reconnaisance of Keso- of the Notte miners, reporting to a mam potamia in 1818-18, has recently published meeting of miners at Brierley Hill last his notes. He deals at considerable length month the result of a deputation to the with the prospects of finding petroleum, Blackwell Colliery Company, Derbyshire, and he says:

"In the area under consideration, and regarding the threatened closure of pits,

aid the owners declared that their losses probably throughout Mesopotamia the for a fortnight were £1,128, and that the mineral of unique and outstanding im-' output per min bad gone down by one portance is petroleum. It is perhaps un. necessary to point out that its occurrence, He had been reluctant to admit the on account of the extreme, mobility of the charge of cacauny, but evidence was so mineral, is a subject of considerable com- Simla, August 24th,

clear that he could not deny it. He was plexity and of many limitations Bear- convinced that a reduction in wages wneing in mind, therefore, the uncertainty of Beports from Kaalgar indicate that the inevitable, but if the power output had prognostication on such a subject, my Bolshevists are again trying to concludo a been maintained it would have gone far opinion, based on evidence collected ster treaty with Chinese Turkestan. The Tao towards meeting the present dificulty tal of Kashgar has agreed that the He believed the output could be increased Bussian Delegation shall be met at the by 160 tons a day without more hour frontier provided the authorities at the being worked or more men being em capital agro

-ployed,"

CHINESE TURKESTAN. -SM

half since pre-war daye

fairly extended tour, is that the country will probably take a not usimportant place among the world's sources of petro- deum. It should rival the Persian fields, and collectirely outclass those of Burma.”