1925-05-06 — Page 7

CABLES.

LATEST. CABLES.

THOUGH REDTER'S AGENCY.]

NEW PENSIONS SCHEME.

FILL WITH MEMORANDUM IS

MADE PUBLIC,

A FAR-REACHING MEASURE.

THE HONGKONG DAILY PRESS, WEDNESDAY, MAY 6TH, 1925

EARLIER CABLES,

GOLD STANDARD BILL

MEASURES PASSES SECOND -

READING IN COMMONS.

M

MX. CHI KEHILL'S STRONG APPEAL

LONDON, May th. In the House of Commons, Hon. "W. E. Guinness, Financial Secretary to the Treasury, in moving the second reading Lospos, May 5th,

of the Gold Standard Bill, pointed out The Pensions schemes, nutlined by Mr.in connection with the proposal that the Winston Churchill (Chancellor of the Bank of England was bound to sell gold in amounts, not less than 400 ounces troy Exchequer) in his Budget speech, are dealt with in derail in the Widows, will be worth about £1,700, and that the weight fine gold in bar. that each bar Cirphans, and Old-Age Contributory size of the bar alone will prevent this proposal being used to bring back gold, Pensions Bill," which is published to-

into general use, and limit the possible day, accompanied by an explanatory me drawing of gold for export. morandum, and the finverument actuary's

*port.

The new schenk contemplates old-age Jesions at 85 instead of 70, wbich pass en attainment of the age of 20 into pen- sens under the Old Age Pensions Act Fered from restrictions and disqualitica. alons at present applying thereto, Bene- Briaries are survivors of workers.

AN OPTIONAL SCHEME.

LATEST, CABLES.

ELECTIONS IN PARIS. RESULTS STILL UNAVAILABLE IN MANY MUNICIPALITIES.

ני

PARTY. fay 5th

BARLIER CABLES.

INDIAN CONFERENCE.

MR GANDHI ANNOUNCES THAT,

DIFFERENCES ARE SETTLED.

CALCUTTA, May 4th,

FAR

EASTERN CABLE POLITICAL

NEWS.

[From Our Own Correspondent.j

THE SHAMEEN CASE,

Addressing the Bengal Provincial CROWN ADVOCATE DECIDES NOT

TO APPEAL

It is not yet possible to gauge the exact outcome of the voting at the Municipal

Council at Faridpur," Mr. Ghandhi dis- Elections as 4 second ballata are

essay, which will be held on far closed that differences had arisen between 10th, as against 191 definite results. The only, certain fact as the failure of the members on the subjects before the. Mossop in the absence of Mr. H. P. Communists

Their organ. 'Humanite, says that committee." the Communist candidates will be with- It is surmised that these ventred on drawn on May 10th, where the Cartel the proposals by Me. Das for conditional headed them at the first ballot. It is thought now that there will be no ques-co-operation, and his desire to pass tion of the dissolution of Parliament.

resolution condemning anarchist 2C- tivites.

STORMY SCENES.

In the course of the Municipal Elec- tions at Martinique riots occurred, with The clause in the Bill empowering the the result that several persons were in- Treasury to borrow for exchange opera-jured and polling had to be abandoned in tions did not increase the total money four communes The newspapers report, to be borrowed. Any sums raised under that a persons were killed and 30 injured these powers aust come out of the usual in disturbaners at Oran between Span- provision for borrowing, up to the total iards and the Jews, owing to the success supply services for the year and voted of the anti-Jewish candidates at the yearly in the Appropriation Act Two Municipal Elections. credits had already been conditionally negotiated under this provision.

CREDITS ARRANGED.

The offices of a newspapers were sack ed, but the police and military restored order.

OFFICIAL FIGURES.

PARIS, May 5th According to official statistic, the Left Bloc on 23 seats on Town Councils and the Right groups five.

The issue is decided in 181 Councils, teaving the second ballot to settle the composition in the remaining 204,

A credit had been arranged with the Federal Reserve Bank of New York, who had undertaken to give the Bank of England a revolving credit for

· Persans erasing to be compulsorily in- | $200,000,000 for two years from May 10th. surable, on leaving employment, or whoA second arrangement was with a syn have alrendy ceased to be insured beforedicate headed by the J. P. Morgan Co. the inception of the new scheme are given and His Majesty's Government direct OF. 149 Meinbers of Parliament who the option to continue or resume the in-

for a revolving credit for $100,000,000, stood for election as Municipal Laun- surance as voluntary contributors, at

also for two years, the interess in entheillors, only eight were defeated and six- the full rate of contribution ordinarily

case being payable when the credit is

teen have to free a further poll. payable by employer and employée drawn upon, at one per cent. above the jointly,

Federal Reserve Bank's discount rate, with a winimum of four per cent, and a maximum of six per cent, or it the Federal Back's rate exceeds six per cent. at the Federal Reserve Bank's discountPrecise view to be taken. rate. Therefore, if we did not use the credit no interest would be payable, in which event, with the Morgan loan open- to the British Government, there would

This everyone who at some time has in- serally been employed for a minimum period of 2 years, is raubled to take ad- Vanier of the scheme Volunteer con- teibators, equally with employees must be insured under health insurance; and jusioma-for-certain-classes of persons, w's are exempted from liability, will to insured. The health insurance now remerely be a very small commission on

red will be insured for widows and or-

the right of end on money. plan and old age pensions, if the terms mployment do not provide for these

benefits.

Special provision is made for widows children of insured persons who died Before the inception of the scheme.

A PLEA OF URGENCY. Hon. W. E. Guinness said he hoped

The Left papers considers the results as Left Bloc victories whereas the Right organs remark that the number of un- decided issues is too high to enable

All papers emphasize the Communist defeat.-Harua,

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INTERNATIONAL LABOUR. DUTCH EMPLOYERS - WILL NOT JOIX GENEVA DELEGATES?

THE HAGUE. May 5th. that in view of its urgency the House Owing to disagreement between the would pass the measures without delay. Government and the employers' organisa- He did not fear any ris in the banktions with regard to the number of ute or higher prices. The Government technical advisers, to be appointed to the believed that we have reached The stage Dutch delegation to the international labour conference at Geneva on May of the purchasing, power being at parity, and that in the long run the producer 19th, the Giovernment has been unable to will have sure to gain from the security include representatives ofiemployers in , are only entitled to a pension whef & gold standard than banking in the delegation.

if they have been married 5 years- ünless in the cus of widows there arr children of the marriage."

GLARDING AGAINST ABUSE. Provisions to safeguard the scheme inst abuse, include chuses whereby wires or widows of men, marrying after

Provision is made for the payment of children or widows' pensions to thir parties for beneficiaries circumstances justify.

account,

if

A widow's pensin may be edicelled or 'suspended if the Court reports any con viction.

at

A widow is disqualified from a pen- Son it the is cohabiting with a man.

The Government netuary estimates the capital value of the liability, assumed by the Exchequer under the scheme, for compulsorily insured; persous £500,000,000; for voluntary contributors, 112,000,000:"for widowed mothers and children, at £42,000,000 extended rights to old age pixious at 70 years at

Braking LESS, OUG,400.

Total £746,000,000.

The scheme provides that insured per sons must continuously have fraided in

أرينا

Lorest,

LABOUR AMENDMENT.

Mr. P Snowder (Lab. Colne Valley) moved a Labour amendment refusing went to the Bil which by providing for the return to a gold standard with undue precipitaney might aggravate the existing grave conditions of unemploy

nent, and tende depression.

h

• Mr. Snowden emphasised that they were not supposed to the return to gald standard, but they protested against the Lostrument's, undue precipitancy The "Labour party by their amendment dissociated themselves from the disas trous consteners which might result. Ministerial laughter.) They did not cerpt Mr. Churchill's statement of the existence of parity between prices in Great Britain and in the United States.

Mr. Snowden said he thought that the difference amounted to live per cent.

|

Consequently by the Treaty of Ver. sailles the representatives of the; workers will be unable to vote in the conference debates."..

UNION OF SOUTH AFRICA. TRADE AGREEMENTS

BRITAIN AND, DOMINIONS..!

WITH

CAPE Town, May 5th. Replying to criticians of the Budget proposals of April 8th, in this Assembly today. Mr. Havenga announced that

Mr. Gandhi, in the course of a long speech, announced that the "differences had been amicably settled. Referring to the speech by Mr. Das recently, he said Mr. Das was unable to burl defiance at the British throne, and had to admit his own incapacity and that of bis countrymen.

SHANGHAI, May 5th In the Supreme Court to-day Mr. A. Wilkinson, Crown Advocate, applied for leave to withdraw the Crown's Apulien. Counsel for plaintiff not objecting, the

appeal in the Shameen ense acting Judge, Mr. G. W. King, granted the application.

tion to

THE

The question of costs was reserved.

(THROUGH REUTER'S AGENCY.] COMPULSORY LIQUIDATION,

BATAVIA AND GENERAL PLANTATIONS TRUST, LTD.

LONION, May sch Under the compulsory liquidation of Mr Gandhi added that freedom could fonly be attained by Hindu-Moslem unity, the Batavia and General Plantations the removal of untouchability, and adopTrust, Limited, the report of the Official tien of the spinning wheel.

Receiver has been issued. The cecu PN The estference unanimously passed a show liabilities £102,000; sta 4.000; resolution condemning toth redeficiency £919,000. volutionary methods and the Bengal Or dinance. And expressing faith in the innocence of those detained as suspects under the Act of 1818, unless the contrary he provéd in open trial.

the

PRINCE OF WALES.

-NATIONLISTS AT STELLENBOSCH

WELCOME FIM.

CAPE TOWN, May 4th. H.B, H. The Prince of Wales motor, ed to the Nationalist stronghold t Stellenbosch, where His Royal High- was welcomed enthusiastically, a stalwart young Dutch students hauling. him in an open carringe over a distance of two miles to the Sportsround, where the Prince addressed the assembled students of the local University..,

115

The Prince was entertained to lun- chon at the Agricultural Hall, and after wards he, motored to the Huguenot Station and joined the royal train in which he makes a long trek.

STRIKE IN PARIS...

TRANSPORT WORKERS REFUSE TO WORK.

EHO OF MAY DAY FESTIVAL,

PARIS, May 4th. The transport workers in the capital, including trams, omnibuses and the elec

ric allways, dechired a general strike in protest against the refusal of the iniragements to guarantee not to peualise

May Day ahsenters.

LATEST, UABLES NON-COMMUNISTS RETURN.

PARIS, May 5th. most favoured nation treatment would be All the transport workers belonging. granted to Britain. In future trade to the non-Communist Union have report. agreements. Britain and the Dominionsed for duty today. The absence of the members of the Communist Union has would las consulted.

not prevented the maintenance of normal service.

FARLIER CABLES."

POLITICS IN BELGIUM."

41

EARLIER CABLES.

With regard to the contribútories, the Oficial Receiver's investigations are stil proceedings and in view of the distances involved they will probably be protract

ed.

SITUATION

IN CHINA.`-

[FROM THE "DALLY, BULLETIN."]"

TROUBLE AT IOHANG.

FOREIGN CONSULA ISSTE NOTE OF WARNING...

Priso, May, sth.

It is understood that the British, Ane-

rican, French and Japanese Consuls at Ichang recently sent a message” to the local authorities in view of the dia- turbances there..

The Note warned tthe authorities tha they are responsible for the protection of foreign Hia.und property.

JAPANESE IN TIENTSIN,

DECIDE TO CONSTRUCT NEW BUND IN CONCESSION.

TTENTSIN May 16h, At a meeting of the Japanese com munity, it was decided that a new bund for the Japanese Concession be construct at an estimated cost of $1,000,000. The meeting authorised the Council to approach the Japanese Foreign Office for a loan totalling Yen 500,000, the remainder to be obtained from the banks. When the new international bridge is

completed by the end of 1926, steamers will be able to berth at the proposed bund, which it is hoped will be com

The Chairman of the Trust attributespleted then. the failure to depreciation in the value Tenders have alreay been invited.

The Japanese Consul-General intimates of the Company's Investments. owing partly to depression of the rubber in that foreign firms will be asked to sub- dustry and partly to statements of the wit tenders. shareholders Company.

committer injuring the

THE JAPANESE NAVY.

DAILY NEWS' CORRESPONDENT

ON RECENT INCREASES.

'ARMED ROBBERIES. TWO OUT THREE ATTEMPTS PROVE SUCCESSFUL.

Three more armed robberies were at- tempted on the mainland, on Monday, two of them were successful while in the third case the would-be robbers made of without stealing anything, when their victim raised the alarm.

In one case a oun was sitting in a

LONDON, Alay 3th. The Naval Correspondent of the Daily Fees, alluding to the Japanese Navy Department's deprecation of the alarmist view of Japanese naval expansion, shows statistically that

the Japan, since Washington Conference has actually laid room at the banery at Castle Peak, down thrice as many new fighting ships with her cook, a servant girl and a novice, as the British Empire and the United when five men entered the room. The States together. remarks that while first, man who entered was masked and it is not contended that this increase con-armed with a dagger. The men told the Menace to any other occupants of the room to keep quiet anul Power, it inevitably renets on the naval thereupon forced them into the bath- policy throughout the world: and must mom, After searching the place the to some extent be held responsible for gang dreamped with 310' and a qu the recent conditions of the Naval beg of letters. The robbers remained"

Britain and the United in the room for about five minutes. Budgets in States.

stitutes & direct

SUFFRAGE IN JAPAN. EXTENSION OF FRANCHISE ON

LARGE SCALE.

Tokyo, May 5th. The Manhood Suffrage Law, quad. rupling the franchise, was promulgated this morning. It was become operative in 1928 at the general election.

Further details in connection with the highway robbery, at Yaumati on Monday, in which a cloth hawker was the victim as reported in yesterday's paper, shor that the man. med. Li Tam Chi, of 29,- Staunton Street, Hongkong, was called up to the second floor of an unoccupied house at No 467, Reclamation. "Street, Yaumati, Xear Argyle Street, by three mea. Thinking he would be able to effect a dent the hawker entered the building. Upon reaching the second floor, he was dragged in by the men who were armed with daggers. His assailants tied him. up. and gagged him. They stole $20 and roils of ponjee silk, valued at $430. In the third case a warried woman living at Mongkok reported to the poliow that at 340 p.m. on Monday that she was sitting in her room with a 2-year-old baby when someone knocked at the door,

CHINA INDEMNITY BILL. A JOKEN-OF-GOOD WILL FROM THE BRITISH PEOPLE

LONDON, May 4th The House of Commons passed the third reading of the China Indemnity Bill re- lating to the allocation of the Boxer In-which was locked. When she opened it, regarding the letting of a room to them. assured its critics would be only devoted She told them she would let them have it for 28 a month and they then said to beneficent purposea.

He pointed out that all parties shared they would wait there for her husband responsibility for the Bill, and therefore

to return. Suddenly, one of the men it was truly a gift from the British forced her to her knees, while the other

Chinese people.

Britain ior at least 2 years immediately The Government should have waited a ANOTHER. GENERAL ELECTION IS ANGLO-AMERICAN RELATIONS.demnity, which Mr. Ronald McNeill two fhen entered and conversed with ber

prior to death or the date of actaining the age of 65; and the last employment, excluding temporary employment, must have been in Britain.

FIGHTING IN MOROCCO. ARD EL KRIM RECEIVES SEVERE SET-BACK.

Losos, May 5th. A communiqué from Rabat states that Abd El Krim's forces have received a severe set-back. Over 150 were killed and animaber captured.

The French losses were small. French aviators were very active "in all sectors.

BRITAIN'S SILK TAXES. JOINT PETITION FROM ABROAD IS PROBABLE.

Loxox, May 5th.

little longer in the hope that parity, in gold level prices would be reached "by the normal operation of trade.

CHANCELLOR DENIES HASTE. Mr. Winston Churchill. Chancellor of thr Exchequer, denied that the decision could be characterised as precipitancy. On the contrary, they had had the finest expert Enancial advice in the world, and the Government had taken avery precau tion which fore-thought and patience and long preparation could suggest. H¢ mentioned the disadvantage of giving long sotier of a gold standard, and he pointed out that, if we had waited for the Act to expire at the end of the year, everyone could under the existing law have withdrawn and hoarded their gold against the date for free export, namely, January, when the normal demand for bullion would be high.

He insisted that no country in the world was less able to afford to diverge frout the ecenoraic facts than Great Britain. As regards the allegation that' A report from Rome states that Swiss

to industrialists suggest a joint Franco-the decision would shackle them Italo-Swiss petition to Britain that the America, the Chancellor said that it cer silk tax be delayed until January 1st, tainly would shackle thera to the reality for good or ill. He personally believed that it was the only basis offering per- manent security.

1026.

INDUSTRY UNDER SOVIET. BANKS ARE INSTRUCTED TO. GRANT BETTER FACILITIES.

RIGA, May 5th.

He also said that the banks had been

SITUATION IS STABLE M. Churchill said he knew of nothing which would justify an increase in the bank rate in the immediate future. In died, the situation was stable, and every thing tended to show that the transition

PROBABLE.

BRUSSELS, May 4th,PILGRIMS WELCOME IN LONDON it is feared that the deadlock which

TO MR HOUGHTON. aided the balance of the parties and has deprived the country of a Government

LONDON, May 4th, for the past month, can only be solved by another general election.

Since the Socialists declined to form a homogeneous Ministry, the Catholic Right section has decided to form a lor with the Conservatives and Christian De mocrats, but the section of Liberals who could support either the Catholics or Socialists are determined not to share in the responsibility of Government, while the Catholic eluks vehemently oppose the combination of Catholics and Socialists.

PARTIES HANDS TIED." Hence all the parties have tied hands, and the crisis can only be solved. apart from fresh elections, by Cabinet com- posed of non-members of Parliament.

GENEVA CONFERENCE.

TRAFFIC: IN ARMS WILL BE·

DISCUSSED.

What Mr. Stanley Baldwin in the course people and a token of goodwill to the bound her with a girdle. The woman,

of n, toast described as, the most re- presentative and distinguished gathering the of Pilgrims from both sides of Atlantic ever assembled met in the Hotel American Victoria to welcome. the new Ambassador, Mr. A B. Houghton.

Lord Desborough presided, and the Duke of York was present."

MR. HOUGHTON'S SPEECH. Mr. Houghton in the course of a witty, speech took the excellence of "Anglo- #American_relations 16 8 matter for granted. Referring to the post-war re construction of Europe, be noted the real- ly substantial advance mande during the

"LITTLE" HSU AT MANCHESTER. THE CHINESE MISSION RECEIVE

CIVIC WELCOME.

Lesbos, May 4th General Hsu Shu Tseng ("Little". Hau) and his mission were the recipients of a civic "welcome at Manchester. They inspected the Lanenshire industries.

SINO-BRITISH TRADE HOPES. LONDON, May 5th. Proposing the health of the Chinese Commercial Mission, headed by General

screamed for help, and as a result paljon whistles were blown. The man ran away and when the woman reached the street she saw one of them arrested by a police- constable. Nothing was stolen."

POLICE COURT ITEMS.

Three Chinese who were recently ar- rested in connection with armed robberies at Portland Street, and Kaiyan Street, Kowloon City, were committed to the Sessions by Mr. E. W. Hamilton at the Kowloon Magistracy, yesterday.

At the Central Magistracy yesterday, Alexia

past year, which had been marked by Hau, at Manchester yesterday, Dr. before Mr. H. R. Butters, the improvement and reorganisation of Rec (President of the Chamber of Com-Andrasoff, & Russian, was charged with international trade markets, and the foundation of

A new prosperity had been ree) said that Lancashire would like being destitute in the Colony without. to sell more cotton goods to China; and visible means of support. He was sent laid ba

but the remaining difficulties par haped before many years to be able to to the House of Detention, pending his ticularly involved changed attitude of mind and the restoration of good draw some of her cotton supplies from deportation to Shanghai.

China. GENEVA, Any 4th. faith. The full measure of American. Mr. Rankine Finlayson (Chairman of At the Central Magistracy yesterday," This afternoon the Belgian ex-Premier, helpfulness could only be obtained when the China Section of the Chamber), said before Mr. S. B. B. McElderry, Ho M. Carton De Wiart opened the League the American people were assured that that Lancashire would like to return to Yau, Yuen Kak, Wong Ping and Chan of Nations conference on the traffic in the time for destructive methods and the pre-war volume of "business with Sam, were committed for trial at the arms and munitions, at which forty-three policies was past, and the time for peace.

next sessions, charged with highway nations are represented, including fourful rebuilding had come.

robbery and, assault on two Chines non-members of the League the United

women. The offences are alleged to have States. Germany, "Egypt and Turkey.

occurred on April

11th After formal busincan, the conference

J

PRE-WAR DISCREPANCIES.

LATEST CABLES.

China

Gen. Hsu promised that if ever be had to do with commerce, he would try bis RUTER'S AMERICAN SERVICE hardest to foster Sino-British trade.

THE VOICE OF COOLIDGE.

WASHINGTON, May 5th.

A message from Moscow states that at meeting of the Supreme Economic

to gold had hitherto been effected-headjourned until to-morrow. Council, L. Djershinsky Commissar of

was not going to prophesy, about the Industry stated that the Soviet Govero- went had decided to tease to their former future with ease and success. He de

Mr. Churchill cited instances of pres Despite official reticence, it seetas clear owners all nationalised industry under.clared that Great Britain was not only the financial, centre of the world, but takings at present not working or run-

war discrepancies in the British and that Mr. Houghton's speech in London she was centre of a wide Empire. If American price levels. Their normal and yesterday voiced the fundamental con ning at a loss.

we detached ourselves from their move-timely readjustment in order to disception of the Coolidge Administration, instructed. to grant owners all creditments, we ran the great risk of becoming prove an absolute equation in prices was as regards the American attitude towards

isolated and loosening the bond, whereas ential to the restoration facilities on terms similar to those enjoy the fortification of that bond was indis standard. He concluded by observing

to a gold European problems. ed by State undertakings

pensable to our well-being. He scouted that the Dominions united were an enor

we might be unabla suggestion that we

mous Power, and were great and com- to hold our own against the strong prehensive enough to exist side by side He pointed in amicable association with, an even trans-Atlantic influences out that Great Britain, which still coo- trolled a

vast amount of the world's larger economic and Snancial Power without their own essential independence business, bad magnificent credits, also being prejudicially affected. 23,000,000,000 in foreign investments, held £153,000,000 in gold in the Domin ions, held £17,000,000 in the Empire. and supplied 70 per cent, of the world's gold.

(Continued on next Uolumn).

",

the

THE TRAIN-WRECKERS. TWO MORE ATTEMPTS IN POLAND

REPORTED..

Wanzaw, May 5th. Two more attempts at train-wrecking are reported.

Two bombe were found Vilnariga line, near Dukatty, and barricade of stonce near Lublin.

on

the

At the Central Megistracy yesterday before Mr. B. B. B. McElderry, tha Before Mr. H. R Butters at the saloon-boy from they s. President Central Magistracy yesterday, Wong Jefferion, who was arrested by Sergt. Hing Tin, ular Wong Bhek Chuen, an Dungey and a search picket on Fraya. peared in further answer to the four East on the night of April 23rd in charges of obtaining credit by means possession of an automatic pistol and

308, rounds of ammunition, was com of fraud. The amounts involved are

for trial at the next Sessions. $1,287.50, $1;482-77, $1,468,18 and $1,128, mitted sums due for the purchase of bricks. Defendant was sentenced to six months

Roonyne, an American seaman, John Boyne was charged at the Central Magistracy in jail.

yesterday, with being found in the Before Lieut. Comdr. G. F. Hole, Colony in a destitute condition withous R.N., at the Marine Court yesterday, a visible means of support. It was stated junk-master was fined $50, with six weeks' that he was found on the Reclamation hard labour in default, for attempting Ground at Prays East the previous day to leave the port without a Port Clear in a state of collapse. Defendant said SECOND READING PASSED,

ance. The same defendant was further that he had been out of employment for LATER.

Bed $50, with the alternative of six three months. He was sent to the Hours Nineteen hours after leaving Lake-weeks hard labour, for loading kerosine of Detention pending arrangements Be The House of Commons passed the second reading of the Gold Standard Billhurst, the crew of the airship Los in Connaught Road Central, in other ing made for him to be sent away from without a division.

| Angeles " 'sighted Portico, this evening, than 2 dangerous googls, anchorage, the Colony.

ARGENTINE COTTON CROP.

Burbos AYRES, May 5th. The Argentine gotten crop for. 1923.js officially estimated at 4000 tons.

AIRSHIP. ́ ́LOS ANGELES.'

New York, May 5tb.