FRANCE AND BRITAIN. The suma reduced
COMPLETE SETTLEMENT OF QUTSTANDING ACCOUNTS.
FULL DETAILS OF PACT.
[BRITISH WIRELESS SERVICE,}
THE HONGKONG DAILY PRESS. THURSDAY, JULY 15TH, 1926
years would be transferred to be repaid ́st a lower rate of interest in the Inter: years of the agreement. On this basis the actual annuities would be, for the present year £4,000,000 and, thereafter, £8,000,000 £3,000,000 and £10,000,000 until £12,500,000 was reached in 1830 The an nuities of £12,500,000 would continue from 1930 to 1956 had they would rise in the last 31 years to £14,000.000. Origin ally, in August last, he proposed that France should make an additional pay- for 1995 of £2,000,000. That year ment had now passed and he had not sought to alter the remaining steps of the ladder
BASTILLE-DAY
COMMUNISTS AND PATRIOTS IN CONFLICT.
{THROUGH REUTER'S AGENCK, 1
In
Pasta, July 14th
The military review on the occasion of the fourteenth of July celebrations was more significant than usual, being in the nature of a thanksgiving for the com- pletion of the Syrian and Moroccan cam-
paigns.
GERMAN SHIPPING.
HAMBURG-AMERIKA ~ LINE PUR CHASE US. VESSELS.
THROUGH REUTER'S AGENCY."}
FAR EASTERN CABLE NEWS.
AGENCY.)
-SENSATION.
EMBEZZLEMENT BY AMERICAN CLERK
WARRANT INQUEU`TOR, HIA ARREST.
BERLIN, July 18th With the object of re-acquiring the 1.3. Reliance and ux Resolute, each of 20,000 tons, and the as Cleveland of 17,000 tons from the Harriman concern, the Inaburg-Amerika line proposes to in- crease its capital by eleven million marke Troops, alter the march past of the to seventy-five million marka. brilliant gathering of Marshals, MinisThe transfer will bring up the Ham- a' complete settlement covering not only Loriginally proposed. However, as theters, and Ambassadors to the Arc de burg-Amerika tonnage to over half a mile hai, ou a charge of embezzling $30,000
Triomphe, went down the Champa lion gros, equivalent to forty per cent. Elysees which was packed with specta- of the pre-war figure.
RUGBY, July 13th. Mr. Winston Churchill, the Chancellor of the Exchequer, announced in the House of Commons this afternoon that
་་
the French War Debt but virtually all
settlement comprised a complete cleaning of the slate between Great Britain and
the outstanding-accounts "between En France of outstanding accounts");
land and France was signed yesterday afternoon by M. Caillaux and himself
He said that the agreement, in sub
arising
out of the war and out of the post-war period, the sum of £2,000,000 already in London might now be transferred to the
tors.
Aeroplanes wheeled above. An unusual number of Colonial troops participated, some fresh from Morocco and also the
It is also proposed to authorise the Directors to issue-six million dollars in new bonds...
The Norddeutscher Lloyd is also in
marks to sixty-five million marks.
[REUTER'S AMERICAN HERVICE),
PIRACY SEQUEL.
ALLEGED PIRATES COMMITTED FOR TRIAL
"DEFENDANT'S "REQUEST."
ASKS THAT WITNESS
COCK'S HEAD.”.
OUT
The ease in which three men are charged with the piracy of a fishing boat ten miles from Tai Q, in the vicinity of SHANGHAI, July 14th. Lan Tau Leland, was concluded at the A warrant has been issued for the Central Magistracy yesterday afternoon, arrest of William Alden Chapman, & clerk the defendants being committed for trial in the American Court in China at Shang-at the August Criminal Sessions.
It will be recalled that when the hear
belonging to the T.S. Government. ing of the case was commenced recently, The sum was placed in the trustee oxidence was given that while the account of a local bank and Chapman is fishing boat was at Tai O, along with alleged to have drawn the amount in other fishing boats, it was attacked by pirates, who took the boat to Backy Chapman is believed to be aboard the Island with loot, including money and varying sums. from time to time,
stance, confirmed the partial agreement Exchequer increasing their receipts this Sultan of Morocco's Black Bodyguard, I creasing its capital by eleven million. President Jefferson, which left Shanghai-jewellery, valued at $1,000. Before doing
year from four millions to six millions, and among the spectators were the Saltan, the Spanish General Primo de Rivera. As the troops passed there were hostile cries, mingled with cheers, and followed by
reached last August with M. Caillaux, that was to say that the war indebtedness of France to Great Britain should be
discharged by 62 annuities of £22,500,000
"
OTHER POINTS.
The question of gold transferred to this country during the war had been left in
or their equivalent. There had remain the following situation. France would scuffles between the Communists and
Patriots, on which the Police intervened. Twenty arrests were made including the Municipal Councillor Joly,
legging..
COTTON TRADE. SYSTEM OF BASIC SELLING PRICES TO OPERATE.
LONDON, July 13th With a view to eradicating the under- time the selling noticeable for some Federation of Master Cotton Spinners as decided to adopt on the termination of the coal strike, a system of basic sell- ing prices, to which all the firms spinning American cotton shall comply.
ed several points outstanding, some of continue to owe, outside the limits of which were important. It was upon the this debt settlement, the sum of assessment of these that the previous £33,500,000 as non-interest-bearing debt. partial agreement depended. Of these We should continue to credit France with
TO STOP BOOT-LEGGING. points, the principal, was the so-called £53,600,000 "of gold equally as non-in- Safe-Guarding Clause. The French Govterest-bearing debt and the future adjust AMERICAN DELEGATION ARRIVE
IN LONDON. ernment had sought to insert a Classement of the situation must be left to which would make the continuance of the agreement between the two Governments
LONDON, July 13th.. annuity to Great Britain dependent At the same time, as these matters had
The United States Chief Prohibition upon the reparations obtained by France been settled, separate arrangements had Officer, General Andrews, has arrived in from Germany. "His Majesty's Govern been made with the French Government London at the head of a delegation to ment felt, however, that the annuities with regard to the so-called sinistres discuse with the British Government should rest upon the sole credit of British subjects or business men in the suppression to international boot- France. The deadlock on this point had France whose property had sustained been complete ainge M. Caillaux was here damage at the hands of the enemy or con- last. They finally agreed that while tending armies. The British, Government there was no safeguard in the agreement had always maintained that subjects in itself, letters, should be exchanged be-France paying taxes should be entitled tween the representatives of the two Gpy-to the saine compensation as was provid- ernment, making it clear that in the ed by French law for French nationals. event of complete or very serious failure of German payments, which we mw no reason to apprehend, France would be entitled to ask for a reconsideration of the circumstances then prevailing. We were, therefore, committed to the prin ciple of reconsideration in such an even- tuality. It would, however, be open to us to raise any counter arguments which might seem to ariseupon, for instance, the simultaneous injury which we might suffer from the failure of German repara- tions during the continuance of our ob ligations to the United States, and also apon what would be fair among the na- tions who had been allied during the war, having regard to the economic and financial circumstances in which either of them might find themselves in that period. The point of reconsideration was, therefore, conceded. It would be open to both sides to argue the case on
The French Government had' undertaken to treat these persons in the way they treated their own nationals and this country will extend reciprocal treatment to French nationals who suffered damage. in this country." -
SMYRNA CONSPIRACY. TURKISH TRIBUNAL SENTENCE 15 MEN TO DEATH
CONSTANTINOPLE, July 13th. The Tribunal have condemned to death
In conclusion the Chancellor expressed the hope that the measure of general ap- proval would not be withheld from, this settlement of the difficult and embarrass ing question question of war debt. The Government believed that it embodied the best practical arrangement likely to be achieved and that it was in harmony atteen of the accused in the Smyrna plot.. with the traditional policy of this coun-
in respect of. indebtedness incurred
by allies in a common cause.
LATER
Three other accused are to be tried at Angora. The remainder were acquitted- and. Eberated.
SALES COMPLETED."
NEW YORK, July 13th. The steamships Resolute, Reliance and Cleveland have been sold to the Ham- burg-Amerika Line by the United-Ameri- can-Lines in exchange for a financial interest in the German company. The stockholders of the American Ship and Commerce Corporation, which is the bolding company for the United-Ameri- can Lines, meet on July 23rd to tatify the zale.
CANADIAN POLITICS.
THE FORMATION OF NEW “CABINET,
OTTAWA, July 13th. The new Cabinet, which has taken oaths of office before Lord Byng, is as follows: Mr. Meighen, Prime Minister, Minister for External Affairs and President of the Council Mr. R. E. Bennett, Minister of
Finance.
Mr. Hugh Guthrie, Minister of De-
fence. Sir George Parley, Secretary of State Mr. J. D. Chaplin, Minister of Trade
and Commerce.
Mr H H. Stevens, Minister of
Customs.
Sir Henry Drayton, who is at present without a portfolio, will act as "Prime" Minister in the absence of Mr. Meighen from the Capital during the election cam- paign.
The election will probably take place during the third week of September.”.
THE AMERICAN DISASTER. A SEARCHING ENQUIRY
BE HELD
DOVER (N.J.), July 13th Asearching enquiry into the causes of
THE TARIFF CONFERENCE.
several days ago, ostensibly on a short this, they are alleged to have pushed holiday to Japan. He is believed to be overboard three women, who formed part really going to America, having taken the of the fishing boat's crew of seven per keya of the safe, which has not yet been sons. A young boy, who is apparently opened.
the sole survivor of the ill-fated com- pany, made his escape from the boat, while the pirates were on board, and swam for four hours, until he reached the RUMOURS IN PEKING.
same island to which the pirates took the captured boat. They boy eventually (Asiatic News Service.)
reached Cheung Chau by another fishing PEKING, July 7th.boat and, at the Magistracy, he related Since the suspension of the Tariff Con the story of the attack and alleged murs. ference, there have been all kinds of rumours-in-Peking, The Government has sent a Secretary from the Ministry of Foreign Affairs to the Diplomatic Body requesting that the conference be resum- ed, as the Cabinet has now been success-
ders.
Yesterday afternoon each of the defen- dants made a statement from the lock before they were committed for trial.
THREATENED WITH A KNIFE The first man said that the third defen- fully reorganized News from diplomatic dant went out in his (the first defen- circles. is to the effect that until there dant's boat to commit robbery. The is a atable Government, representing all third defendant, witness said, boarded the provinces, the Fowers will not discuss his boat without consent and threatened the question. They fear that should they to stab him in the chest with a knife, allow the increase of the rate of duty he did not accompany him. After by 5 and 2 per cent, the proceeds will returning to Lap Sup Mei, the third fall into the hands of some one party defendant gave him two gold bangles, thus causing serious opposition in, future. which at first he refused, but later accepted-because of poverty. When he learned that he was wanted in connec- tion, with the robbery, he sailed for Ching-1, and later took a launch to Mangkok, where he was subsequently arrested.
YOUNG RAJAH WHO LIKES ENGLAND.
SOME CRITICAL COMMENTS BY HIS WIFE
BRITISH GIRLS TOO FREE.”
FALSELY ACCUSED.
The second defendant said the accusa tion of the boy regarding his (witness's). participation in the piracy and robbery was absolutely false. He had been hawk- ing sweet potatoes, and, having sold them ally was returning to Cheung Chau when another man (not in custody) suggested committing robbery Witness refused to participate, but later this man sailed away to commit robbery. This defendant
Going to England to see the capital of the British Empire, the young Rajah of Nanpara has satisfied a great ambition.
He is only 21 years of age but has been married five years, The Racee, slightly younger than himself, is in London with the Lake Denmark explosions will be him, and is accompanied by their three held to be directed by Mr. Curtis children, aged three years, one year, and
three months. Wilbur, who has arrived. its merits and the result of the discussion agreement did not require ratification the Turkish Premier, at Smyrna, but just Two Board are being appointed, one was not pre-judged. The letters-should by the House of Commons but required before his arrival the Police discovered dealing with the destruction of Govern land," the Rajah stated in an interview had gone to commit robbery returned to
be studied in that sense in their actual text.
NO BÖND'S WANTED.
"
(THROUGH REUTER'S AGENCY.] RATIFICATION. REQUIRED.
LONDON, July 13th. Mr. Churchill pointed out that the
ratification by the French Parliament.
FRENCH GRATIFICATION,
PARIS, July 13th. The debt agreement has had a favour- able reception by the newspapers
The Intransigeant especially welcomes the signature on account of the possible reactions in America.
A Transfer. Clause provided for delay; within reasonable limits, in making the payments on account of any exchange dif-.: ficulties and it was agred to on the lines of the French debt settlement with the United States. There was another clause providing, that, in event of British re ceipts from reparations exceeding at any
Le Temps rejoices in the securing of time in future what we should have paid since the end of the war to the United guarantees against many unpleasant sur Stater, the surplus should be divided be-prises in the future.
La Liberte remarks that the British are not loth to give their American cousins Icsson in refraining from pitilessness.
ANO IMPROVES.
LONDON, July 13th The rate of the franc improved follow-
twecz the various allied debtor in re duction of their future îndebtedness. This was identical with the provision in the Italian debt settlement. We had also ing the debt settlement. The French not asked for the delivery of Bonds in frane closed, at 1691 and the Belgian at a form suitable for sale on the markets. 215).
DRASTIC BELGIAN PLAN. W
BRUSSELS, July 13th.
It was true that the United States had taken power in all their agreements to
A thorough-going plan of reforms has obtain such Bonds but the market opera been evolved by the Government in view tion of any such bonds would not in any of the anxious financial situation. It case be easy and, as we had not at any aims at stabilising the franc well below time contemplated such operations, be the 200 mark, prohibiting the export of capital-and-food stuffs, and restricting saw no reason to press for a power-which we did not intend to oc
the consumption of luxurious modities.
GRADUATED PAYMENTS..
There remained only the question of, & A Bill her boom tabled in the Chamber moratorium or what was called the lad-conferring extraordinary powers on the der of ascending payments, by which a King for six months to take opportune total of £12,500,000 a year was to be steps to arrest inflation, secure the ro reached. The scale had been agreed upon patriation of capital, regulate the sale for the years up to and including 1930, of sequestrated ex-enemy property, and which was identical with what he pro- check the spread of reports detrimental Caillaur in Angush Isat: to the credit of the State.
The condemned men will be hanged at dawn to-morrow.
[An attempt was to have been made on the life of Mustapha Kemal Pasha,
the conspiracy.)
COBHAM'S FLIGHT.
BUSHIRE, July 13th.
Mr. Alan Cobham has arrived here, all well.
A message from Karachi states that Cobham has arrived at Bunderabbas.
ANOTHER FLIGHT. -FRENCHMAN'S ATTEMPT TO BREAK NON-STOP RECORD.
PARIS, July 13th
The airman Girier has departed for Siberia in order to break the nonstop flight record.
CABLE AND WIRELESS, EASTERN TELEGRAPH CO'S CON- CESSION FROM GREEKS.
LONDON, July 13th..
"I have always wanted to see Eng
mant property and the second with private interests.
with a newspaper representative, but Secretary Wilbur has examined the while I was a minor it was impossible to arsenal and says he is most proud of the satisfy my ambition, for the Government fact that the position of the bodies of dead Marines indicated that they were of the United Provinces are not anxious tilled doing their duty and endeavouring to give permission, for world travelling
before one comes of age. to prevent further disaster.
XING GEORGE'S SYMPATHY, H.M. King George has sent a message President Coolidge of heart-felt sympathy with the bereaved in the Lake Denmark explosion...
to
U.S." SUBWAY STRIKE. EMPLOYERS TIME-LIMIT EX- PIRES: MEN DISCHARGED.
"I am going to spend the summer in England, and am looking for a house in which to stay till September, when I shall return to my own estates in the United Provinces.
go
"Before I home I hope to get some shooting in Scotland. I also play tennis privately, and am fond of the game, NEW YORK, July 13th: Nearly 700 striking subway workers though by no means an expert. The failed to return to work at noon which little I have scen of England so far has vas the employers' time-limit: Accord estimated that the strike has already cost make a tour of some of the industrial ingly, they have been discharged. It is greatly impressed me and I intend to
$240,000 lost in revenue.
districts before going home, in order to appreciate to the full the mercantile. possibilities of the Empire."
THE
US. TREASURER.” The Eastern Telegraph Company, has secured a fifty-year concession from the TO VISIT EUROPE ON A HOLIDAY: Greek Government both for cable and wireless communication. This is the first occasion a joint cable and wireless con cession has been granted.
[THROUGH HAVAS AGENCY.] RIFFIAN LEADER.
New You, July 13th
HE BANEE'S VIEWS
Mr. Mellon, Secretary to the Treasury, The Rance of Nanpara, although the shortly sailing on a holiday to Europe. Pas only been out twice since her arrival is believed that his visit is entirely in England, has already become interest- ted with international finance.ed in English girls. But she is not im- He is going to Rome to visit his newly pressed carried daughter Mr Mellon expects The Raree has met a number of Eng
ame in September
lish girls, a member of her suite saida:
and has seen a good many other OBITUARY.
She compares them in the matter of conduct with women of the same age whe | conform to the social code in India, and the cannot help feeling that English girls are far too free.
They fall below her idea of what women should be, and their ultra-modern
ABD EL KRIM TO BE EXILED TO to retu
AN ISLAND.
M. Briand." and General Prima de Rivera have signed a Franco-Spanish agreement concerning the pacification of Morocca
GENERAL FIRE EATER WALLER
NEW YORK July 13th The death is announced of General Littleton Waller, the famous veteran of will be exiled to Reunion. Me course of many battles he earned the proval
added that he did not know that any one- was murdered, and when the man who
Cheung Chan, witness refused to accept several tens of dollars" offered to him. The second defendant added: If the small boy still implicates me in the mur der, I want him to swear.
Mr. Lindsell He has already sworn. Defendant: I want him to cat cock's head?
PULLED INTO BOAT
The third defendant said that the first defendant and his wife went very-will- ingly to do the deed. The first defendant asked another man (not in custody) to go and these two pulled him (third defendant) into their boat. Defendant concluded that he was not responsible for cny people who might have been mur As stated, the defendants were com- mitted for trial.
dered.
FLOODS IN CHEKIANG.
MUCH DAMAGE DONE.“
(Asiatic News Service.)
CHANGCHOW... Owing to the incessant rain nearly all the villages round Hangchow have been inundated, and in some places the water has reached the roofs of the village hate destroying much property and causing many accidents
The police authorities have been doing their best to save the drowning people, the dyker at Wulingmizo, LuoTZEN Kungyintang and Hustzeckian were broken, and 200 labourers were sent from the Conservancy, by order of the Chen
pairs. In this work they were successful
Food and clothing have been sent to the affected districts for the relief of the suffering villagers. Damage to the dykee has also been reported from the Sinkares
It is stated officially that Abd-el-Krim the United States Marines. In the behaviour does not meet with her spching Hein Chino to effect immediate re [Reunion (formerly known as Bour-nick-name of Old Fire-Eater. He The freedom with which modern Eng hon) is a French island in the Indian fought at Alexandria when the so-called fish girls associate with the opposite sex Ocean, between Mauritius and Madagas false prophet Arabi Pasha bombarded the is distasteful to the Ranee. She believes
that more modesty should be shown.
No comments yet.
Private notes are available after approval.