1923-10-19 — Page 9

CABLES.

LATEST CABLES {THROUGH REUTERʼA AGENCY:]

GERMAN REPARATIONS.

ONE EMPIRE NAVY.

THE

FAVOURED BY AUSTRALIAN=" "PRIME MINISTER, PUV

NO NEGOTIATIONS UNTIL REPARA-strength and authority of the Empire

TIONS DELIVERIES ARE

RESUMED.

INDON, October 17th. Mr. Bruce, interviewed by Reuter, hoped the Dominions would endorse the principle of oa Empire Nary, because the maintenance of the unimpaired Navy was a matter of the utmost concern to every British entry, since the Navy had to safeguard the trade routes all over the world. He pointed out that the need of expenditure no longer arises in connec«, the main objects of the interview the other Powers, but there was the modernis German Charged Afaires had with Ming of fuel stations and re-equipment of Poincare yesterday, was to justify Naval bases. He declared that without a Germany's announcement that she is un-base in the Pacific which would permit the able to Bannee the resumption of reparo tions deliveries in kind..

LONDON. October 17th.

HONGKONG DAILY PRESS,

HONGKONG · LEGISLATIVE COUNCIL

Combine from page ?)

FRIDAY OCTOBER 1DTE, 19235

UNOFFICIAL BALANCE SHEETS.

Following are the statements prepared by the Hon. Mr. Lowe to which be referred in his speech, when alluding to the Odicial Balance Sheet, or the absence

of one-

HONGKONG GOVERNMENT BALANCE SHEET, -31/12/21 (UNOFFICIAL),

Liabilities,

Adrices from Paris indicate that one of tion with shipbuilding competition with taxed too much, again your remedy inscribed. Stock Loan £1,485,731-

M. Pescare emphatically pointed out that no negotiations were posible until deliveries had been resumed.

A Brimflare tommunication elicited s similar reply from Brussels.

"EARLIER CABLES,

FRANCO-GERMAN DISCUSSION,

PARIA, October 17tba

Van Hoesch, the German Charge d'Afaire, had a forty minutes' interview with Premier Poincare on the subject of normal conditions, in the occupied

territories.

IMPERIAL CONFERENCE.

·NAVAL POLICY DISQUSSED.

Lornos, October 17th.

Mr. Baldwin presidel at to-day's session of the Imperial Conference, at which Lieut.- Col. L. C. 8. Amery opened the discussion of the naval policy, in the course of which he outlined the itinerary for the proposed" Empire cruise by H.M.S. Hood and Repulse and the Light Cruiser Squadron.

The Conference cordially approved of the proposal, and

VAESHIPS TO VISIT MANT

PARTS OF THE EMPIRE.

Lospor, October 17th. The only thing hitherto approaching the scale of the Empire cruise was that of the American warships fifteen years ago. The Empire cruise will embrace the west and east coasts of Africa, South Africa, Singapore, Australia, New Zealand, Canada and the

docking of modern capital ships, both the Pacific and Indian Oceans - would be virtually closed to the British Fleet. The Washington ratio was ineffectual in the Pacific as far as the British Empire was concerned.

RUSSIAN GRAIN.

TO BE MARKETED BY RUSSO- BRITISH COMPANY.

LONDON, October 17th. An agreement has been signed in London for the formation of a Russo-British Grain Export Company, composed of fifty per cent British and fifty per cent. Rassian in terests, with the object of financing and marketing Russlain grain in Britain, France, Italy and Southern Europe. "

OBITUARY.

MARCELLUS EMANTS,

Amsterdam, October 17th. The death is announced of Marcellus mants, the famous Dutch litterateur.

AHEAD OF THE MAIL

[SUPPLEMENTARY WILDS FROM INDIAN

SPAPERS.]

COST OF OFFICIAL PENSIONS.

-" (11,893,855) 3T.P. 6866 20-30,583

at 26:

(EXCHANGE

000,800

2,231,200 3,000,000

-7,84-1,600)

"Sundry Taquid Asset Investment Account

Do. $1,831,026

(my, £610,962 at 1/6).

CA. Deposit

Garrent Account Bank Balance -

Subsidiary Coins

Advances

Building Loans Imprest

House Service Account" AW.D. StarOK

Railway Stores ******** Coal Account crustacist.

· Sinking Faud Inytæ....

!! Do. £91,000 1,1:2/6 - Da. £308,000 at 9/6

661,495.

728,000 2,448,000 ·

14,036,885

880,438

14,997,193

Surplus (Cash basis)

THE LIES OF THE

CAPITALIST PRESS" JOURNALISTS IN CONFERENCE.

In his presidential address at the Ranual conference of the Institute of Journalists at Harrogate, on September Filth, Mr. Frederick Peaker (London), the retiring president, urged the great import ance to our public life of the preservation thy the Prose of its complete independ

ence, and of editorial responsibility being 130,000 unhampered. Newspapers would have a

2,193,691 37,038 248,195

126020arge share in the moulding of public opinion, but they would loan the influenco they had and would hand it over to the charlatans of political life, it they lost their character for honesty of purpose, -7,712,444

accuracy of statement and concern for 1,562,379 public morality, or if they became too 374841 much the engine of some particular man who bought up newspapers as a means of acquiring political, influence. They public say very well through that sort of thing, and that was what had lost the Press some of its former power

6,013 331,448 302,706

11,088,823

2,840,483

MA Peakor niso referred to the fact that journalists had frequently to listen to speeches at large on the lies of the capitalist Press"That sort of heet- sation would disturb me,” he said.” “ if were not so well acquainted with the enormous „trouble taken every day in 14,827,123 | newspaper office to check the accuracy of

the news that is printed. There is no 890,438 conscious Iving. Of course, newspapers make mistakes. Considering the speed at which we have to work, the wonder." is not that we make mistakes, but that see make so few de

Railway Cost written of 816,878,000) 9 218 Miles Roads

Telephoner and

Cables

Government House Mountain Lodge Civil Servants

Housee Slaughter Houses Waterworks Prisons

Law Courts Piers

Observatory and Launches, etc.

HONGKONG GOVERNMENT BALANCE SHEET, 31/12/12 (UNOFFICIAL),

HE Tax GOVERNOR ; But not a very serious inconvenience. We must, in any case, have a staff to cope with the activities of those who try to smuggle in deleterious articles, and that staff can equally well deal with the collection of duties on drink and totades. So for from being a bad method of taxation it seems the fairest possible. If you do Deposits not available, ke

Shipping Control. to want to pay the tax your remedy War Loan is obvious, and if you think you are

hon, member said the taxes were abnor- obrious--reduce your consumption. The mully high. Now, having a suspicion in to raise the question I put down a few my mind that the hon. member was going figures Hers you pay for your cigars person, and $1.50 if you are not. In a tax of 82,50, if you are a wealthy England you pay 15a, rd. without regard to the quality. On cigaretten you, perf here according to your taste #1 down to 10 cents: in England you pay 125, 7d. On tobaced 115, 10d: foy Cavendish, 10s. 4ld, for other kinds and for snuff 118. 104 Hero you pay anything between 50 cents and 91.50. I have not tried to work out the figures for wine because Surplus (Cash basi the systems are so different. I have not yet found anybody who could compare them accurately. The hon. memborre minded us that Sir Cland Severn pro- mised to consider a reduction in taxa tion on light wines. We considered it and we came to the conclusiva based on sufficient information that they were not too high and the taxation appears to be having no deleterious effect. The most interesting comparison is that in the case of spirits which I suppose is of larger importance in this country. We pay on spirits: $0 a gallon, and on liquors $10 a gallon. They charge on spirits in England is £135. 4d, and on lipuors £a 10s. 5d. I think in view of these figures it is a little difficult to argue that our duties are abnormally high and I question whether, if they were reduced, the prices.would go down. I did not say it was desirable · they should. The rates seem exceedingly reasonable for any person who contents himself with a moderate amount of alcoholic refreshment, but the important Deposits not available. point, to my mind, is this-I apologise Postal Agencies for referring once more to the aptum Suspense Account The finance accounts of the United revenue and my remarks are not inten Kingdom for the year ended March 31sted to come under the category which show that £386,000 was issued from the the hon. member described as hypo- Exchequer for annuities and pensions, of critical gush, but I still believe that which £160,000 were fur annuities for the the revenue from opium will cease within Royal Family and £12,000 for pensions

a measurable, period. I confess that the naval and military services. (£1,000), the Hon. Corisinde Evelyn it will not be a permanent source of nome of us hoped it would, but at least Vere, Baroness Rodney (£1,000), Earl revenue. I suggest to the hon. member Nelson (25,000), and Viscount Hardinge that it must end within ten years.

The

Asource of revenue which is certain toShipping Control Contingency only services were Lord George Hamilton to rely for your ordinary expenditure. the late Viscount Chapli The proper thing to do it is to take advantage while it is there and put as much as possible into capital value in Public Works Extraordinary, and the general improvement of the Colony, mean while piling up as rapidly and carefully na possible permanent sources of revenue such as we are, endeavouring to obtain submit this is not only sound, finance bat from the duties on spirits and tobacco.

smund sense. The Hon. Mr. Lowe, in a very worthy desire to stimulate the amus ment of what he regards as his weekly half-holiday, gave his views on finance Balance Surplus Cash Basis. which be misled the Colonial Secretary Important developments in broadcast into taking seriously. Of course, most of ing are recommended by the Postmaste them were meant for jokes. The one General's Committee whose report is now published. It proposes a single form of point he really meant seriously ran the licence at a fee of 10s, annually, of which question of investment of funds locally or at bome, I quite agree that we should the British Broadcasting Company shall endeavour to increase the amount of var receive 78. Gd. No protection shall be-bank balance the money, we hold here given to British manufacturers by the deposit account in the bank. I should not licence, and the present system of mark be at all reluctant to see a certain amount jug RB. C. sets shall be abandoned.

The report does not favour an RB matter of fact we have considerable, sums expended on loans on mortgage as a (7 monopoly, which lasts until the end of 1024 though it favours the continuance of money outstanding on mortgage in of their service for two years, after which Humphreys' fate and various other the Postmaster-General says

buildings. I must confess that, highly that the scheme proposed can be operated immo-bough I estimate the ability of the liately he has arrange for the issue of Colonial Treasurer, especially when 15. licences for home-made sets, which arsed by the hon. member, I doubt may also be taken out by holders of un Crown Agents in this matter as to how whether it is wise for us to dictate to the Licensed sets. Three hundred thousand of the latter have hitherto listened in with they should invest the money. We send out-payment.

it to them to invest and they are in close touch with the market, whereas we are ch thousand miles away. The hon. member possibly do not realise that the Crown Agents have been concerned in raiamz enormous longs for the Empire generally for many years. Much as I value the inancial opinion of the Colonial Treasurer

LONDOy, October 2nd,

Sundry Esquid Azertn.

'LovERE'

Funding

661-£722,276)

(EXCHANGE 2/2))

Liabilities.

157,097

Investments-

35,635

Hongkong War

1,194

093,927

Loan (£835,000

1,000,000

Crown Agents De- posit Account (In"

restinent)

10,797,243

Cuf

rent Account

Cash at Bank

War Loau (Sinking Funds Invi

sota, 107,838). InscribedStock Lean (£1,168,732 )

09/2) — 13,329,932):

*(2/2)). (Sinking Fund Inv /**/ cta. $3,413,203).

United States. The heavy ships will go for recipients include Lord Rodney think that the period may be longer than Market Price 81 (21,203,443; : @@ )

through the Panama Canal and the lighter vessels will go round Cape Horn, visit ing South America. It is hoped that during the visit to Australia the ships will

have an opportunity to practice with the (£3,000) for political and civil dry up soon is not a proper one on which]

Australian Fleet units.

MR. LLOYD, GEORGE INDISPOSED.

CHICAGO, October 17th. Mr. Lloyd George, who is foverish, anfering from a chill, is reating in bed, and has cancelled today's engagements, but he speaks to night.

The physician has recomended a coa siderable modification in the itinerary of

his tour

THE CESAREWITCH.

WON BY ROSE PRINCE.

Loknox, October 17th. The race for the Cesarewitch resulted

ans follows:

Rose Frine

Trenna pres Ceylonese.

Twenty-nine ran. Won by a short hea. with a length and a half separating

second and third.

The betting war:-25 to Dagst. Rose Prince, 100 to 7agst. Teresina, and 6 to Ingst, Cerlonese. -

*

He

ZEV'S FINAL SPEED TRIALS.

New Youx, October 17th.. Donoughue has arrived here. galloped Papyrus over six furlongs. ⠀⠀

Zer in a final speed tant did a mile zad a quarter in one hundred and twenty- nine seconds, carrying nine stone

The best odds now obtainable against Papyrus are 6 to 5 for the race on October

chosen to ride hita.

Lord

and the

Viscount Ponsions

include judicial Loreburn, Lord Haldane, and Lord Buckmaster (each £5,000), and Lord Birk enhead (2001), but Lord Birkenhead's pen sion is also £5,000 for the full year

Pensions for judicial services in Enz. Iand toinlied £56,000. Scotland £18.000 and Ireland £24,000,

BROADCASTING IN ENGLAND.

LONDON, October 2nd.

NEW BISHOP OF TRURO.

LONDON, October 3rd. The Rev. Walter Frere has been appoin ted Bishop of Truror. He was born in 1963 and was educated at Trinity College

on the whole I think we are safer in the

Crown

Agents

Sinking Funds In-

vestment-

War Loan...... 1,607,839.

Account In-

Account H.K.

1 cost, and present

720,000

"Having regard to the speed with which the work has to be dones we claim that in all the circumstancos, we deserve well, rather than ill, of the public whom we serve. Vo are, after all, public serd vanty in the larger senee, doing our best to keep the public informed, which fa cur real job, and we are prepared to let the public form their own opinions. if they do not like those we put before them. But to do be able to form their own opinions they must have the relevant facts, and that is what the news side of anewspaper ought to give them" The Press had a lot of influence and he hoped it would always be used for the public good. The British Preas might not be all they wanted, but it was the lenst corrupt Press in the world,VIS

Mrs. Stan Harding, who suffered in- prisonment and terrible hardship in Russia attended the conference and ex- pressed her thanks and gratitude to the $450,224 Institute for the services rendered to har

in securing £3,000 in payment of her claim against the Soviet Government. She banded to the Institute a cheque for £100 as contribution to its Benefit Aid Fund.

7680,424

2,830. €12,279

scribed Stock £390,430

3,413,204

5,221,042

18,138,805

Subsidiary Coins......

Advances

1,824,393 212.062

Building Loans

(900,700)

Imprest

3,409

Hopse Service

Account.

P.W.D. Stores desen

462,762

Railway Stores

234,700

17,022,376

Cal Account

43,087

4,930,187

21,852,543

THE HARBOUR BACE.

LYON WINS THE OPEN EVENT FOR SECOND TIME.

MAY A CLOSE SECOND.

Surplus Cash Balances (if the Shipping Control is eliminated the balance is 87,161,371). Railways.$16.247,000)

221 Miles Roads

Law Courts Government House

and Mountain Lodge. Civil Servants, flouses

and Quarters Waterworks ***** Hospitals Prisons, etc., eta

1,816,738

21,962,543

4,030,167

Many Millions hare been expended on these out of taxes since 1000 and some $13,000,000 more 1020/24. is contemplated in

competed for each year and be hoped the number of competitors would increase yearly. In the ladies race he thought all the competitors did very well. He men- tioned specially the good time put up by little Miss D. Hunt in a race in which Misa Groundwater broke the record. He

the races a snccess

20th Sanda is the jockey who has been Cambridge, and Wells Theological College hoods of the Crown Agents in the matter. For the second year in succession concluded by thanking those who had made

LATEST CABLES.

DUFF CO AND GOVERNMENT

OF KELANTANTES?

Loypos, October 17th.

It is reported that the arbitrator has

£300,000 as compensation from the Government of Kalantan in respect of its alleged failure to fall certain under takings.. AEROPLANES FOR RUSSIA.

FIFTY ORDERED BY SOVIET GOVERNMENT.:

He is a member of the Community of the Resurrection, and has been Select Preacher "A to the repayment of loans, that. I

two or

to

to

ORDER AT FISHN

Min. Be

27

20.

37.4-5

0

LEGAL-WIT.

JUDGE - PARKY'S

BUDGET

GOOD STORIES.

OF

Aswise and witty little book on lawyer Kas been, written by Judge Parry in hir * Seven Lamps of Advocacy " - (Fisher Unwin, s.).

The lamps --honesty, courage, in dustry, wit, eloquener, judgment, fellow- ship-burn all the more brightly for the many good stories which illumine the pages

There is the one about the Iri (maa who asked to plead Guilty or ne -guilty,” replied And how can I tell

till hear the evilence?

On the subject of long-winded counsel. a witty repartee by dr. Justics Wild ne the expresse of Rufus. Choate, an old-úme barrister, of cloquent memory, is quoted. Sume one told me judge that a new dictionary had been published with a

great number of additional words, homem

For God's sake," he said in a per turbed whisper, don't tell Choate!

There is a good example, in the book of the type of counsel who can never risist, a jest even at the expanse of hie client, Serjeant Davy was defending a criminal against whom the prosecution had opened a very strong case. "Who is concerned for the. asked the

sapid Davy, rising with grave zolemnity," I am emerged for hím, and very much concerried after what I have heard.”

Judgo Parry wards young barristers that fronie wit may be misunderstood by a simple-minded jury, and in support tells of counsel who, prosecuting at a Wewe Assizes a burglar caught red handed on the roof of a house, sauf:- 7:

If you consider, gentlemen, that the accused was on the roof if the purpos

with to dishonest intention of employing pare, résident, happen to have about hiro the necessary vils of a house-breaker them, you will, of course, nequit him.

The inry did feety b

Misdirected

another tra against which Judge Parry warns hi readers by the story of a young, barrister who, thus opened a libel at

My client, gentlemen, is a check monger, and the reputation of a cheese Donger like the bloom upon a peaca;

at both Oxford and Cambridge. He was think, was the hon. member's little joke, Lyon won the open event in the harbour

Commander Perkwith, in congratulat Superior of the Community of the Resur You cannot seriously suggest that we swimming competitions. May nearly beating the winners on their success, said the of enjoying the midnight breeze, and, be rection from 1963 to 1913 and from 1nts should pay off a cheap loan with a cer him on meinst lap, but by a very fine ully standard of swimming was very high in to 1922, and is the author of several his to three years. That brings up again May. The winning time was 27 mins. 42 the loss of Line. Victoria ligerention lab Contract a dear one is Lyon came in just four seconds in front of Hongkong, which was due largely to torical and liturgical book

the question of the Shing Muu Volley Bees, which is over a minute slower than Cheers for the competitors and offer's scheme, in connection with which a loan last year and over five minutes slower than closed the proceedings. awarded the Duff Development Company DEATES AT REMARKABLE AGES. par down $17,000,000-w-shoull have the record. The reason for the com

was mentioned. Of course, if we have to

The death occurred in September at absurd to put on additional taxation to obvious bad error of judgment on the part speed, have recourse to loan. It would be Paratively poor time was mainly due to an Ballarat, Anstralia, of Mr Thomas cover such a large waterworks scheme of the two leading competitors. Instead of ro. Thompson, who we born in Northampton but I think the comparatively small setting a course towards the cumber wall May

Алитредов in 1814 Dreened, who possessed doen- amount regerea this year, next year and, and then letting the tide help them in to Basschret mentary ovidence of his great ng was balances without difficulty, and while

the year

can he provided from the finishing point betwe Murray Pier George able in take a walk cach day until this have balances on which are drawing straight dourse and were carried some Razuvet ile wa and the V.R.C. they took practically Ramsey four per cent. per annum it would. I think you will agree, be unwise to raise a fourt

distance down below. Murray Pier, which McDade

been lying a good second all the way over Yeung

Joner if not more to their time. May, who had (about 50 yards behind Leoa) steered a Noronha slightly better course than Iron and jast Easterbrook lost the race by scconda, F. Patten

On the whole the race was a good one. Roed THE MILITARY LANDS,

There were a large number of competitors Matcham

Evans and they all finished the course, Ng Hon sang At the conclusion of the race Miss A Patten H.E. THE GOVERNOR Before we ad Dorothea Beckwith gave away the prizes to journ I should like to say that Sir John the successful compelitors and M. W Oakley hops to complete his report Logan in asking Miss Beckwith to do gó shortly and has asked permission of the

TONDON, October 17th. The Soviet Government has ordered over ty acroplanes from the Alert Disposals Company

The first consignment has already been despatched

U.E. AMBASSADOR TO LONDON BENATOR ROOT MAY SUCCEED.

MAGHARVEY.

New Your Oktober 17th: The Tribune a Washington correspon dent any that Senator Elika Boot will succeed Mr. Harvey as American Ambassa dor to London if he can be induced to mocent the appointment. -

suramer

The death has occurred at Alfrick,

Worcestershire, of Jobs Norman, aged which we could hardly get at less than meaut at least the addition of two minutes e

103. He was said to be the oldest Odd- fellow in the country. We ar

Mr Norah Smith, of Compayne- gardens, Hampstead, has died at the age of 100%

to express truth or to comel it The Figures, like words, may be used either

Accountant.

six per cent. I thank you for your kindly criticisms, and for listening to me so patiently

।।. Further discussions took place on the Committee stage of the Bill and event ially the Bill was read a third time and passed into law.

- SATINGS OF

There may be a good time coming for humanity, but the race is ns surely doomtil as any individuel-life-Dein-Ingt-

Personally, I do not view with horror,

13 and alarm the spectack of young couples

ensconcedbelindabash

18

19

300

20

Perthsmboy, New Jersey, was the scene

Religion is a relation of the

as a uni to external, and a relation of harmo

If Labour cannot run a daily news paper, it cannot hope to run Govern ment. Mr. E. D. Morel

Maybe and perhaps and Uncontrolled power and an imperfectly war Office to publish it here before he commented on the success of the rave forofariotous demonstration

are un meats, food for my educated democracy go ill together. Lord leaves. In the event of that permission Chinese only. It was the first race of its Ku Klux Klan, and some 500

long as they are fra Birkenhead,

that they are. —Dr. Fra Politics are as much the concern of the attend a meeting before the end of the tion of the races in 1900. Some very fine despite the presence of a larg

being given I may have to ask you to kind that had been held since the inaugura bers were, rongaly handled

Germany, kad suffe cottage of Buckingham Palace Sir month The Council will adjourn sine tprizes had been put up for this event and police and the fire brigade, who turned years than Lay great country in the

weak or misguided lezi Donald Madcas

Championship cap. was to be hose pipes on the crowd.

Mr. Lloyd George.

force