1927-08-06 — Page 2

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[61

NAVAL LIMITATION CONFERENCE

CONCLUDES

AGREEMENT ON DESTROYERS AND SUBMARINES.

PROBLEM NOT SETTLED.

ANGLO-AMERICAN CRUISER

MR. W. BRIDGEMAN'S STATEMENT OF THE BRITISH CASE.

(BRITISH WIRELESS SERVICE.]

RUGAY, August 4th. The Naval Limitatiph Conference at Genova "came to an end this after noon having failed to reach an agreement, At the plenary sitting the chief British, American and Japanese delegates each made "statement of the case alter which the agreed joint declaration was read and adopted

Though we had 114 cruisers just

REUTER'S REPORT. “

HUGE NEWSPAPER MERGER.

£3,000,000 BRITISH COMPANY. REGISTERED.

LONDON, July 12th.

HONG KONG STOCK EXCHANGE.

CLOSING QUOTATIONS.

- GEVEVA, Äugust 4th The Japanes proposal was final- ly rejected when the naval experts "painted out that it was impossible

to accept. at a limitation confer-; ence a proposal mentioning neither tonnage nor calibre of guns.

The conference then adjourned cluding the Daily Chroniciz and sine die

the Sunday Newe, also to hold Beat Aris hank

A new company, with authorized capital of over £3,000,000, has been registered for the purpose of par- chasing various newspapers,

jo-

Avocar 5xx, 1987, H.K. Bank $1,000 buy, sa Do., London...118zdir.nom. Chartered Bank............eu nom. Marcantile Bank.A. &... nom.

Do

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*FROM RO⭑*

P. * O. Bank ་་་་་་་་ཡ0 3apr; Capton Insurance ...... News and the Don-North Ubins Iasi 1.

..$620

wits reached and those on which the thire Eining News, the York-China Underwritera ..............dušu nom.

"2479 luny."

M.$30.

Union Insursu Yangtana insurance ... China Fice Lasurance....10 buy.. Kong Fire In.......3000 now.

$32 kom.

1.10 nom. Houg Kang Tags. Lado-Olins (Pref).......30 nom.

Def.) Shell Transports Ntar Ferries Waterbuai.. China bugars Malabon bayara

be in the hands of the Marquess of Da a common declaration of friendship The control of the company will

The Cruiser Problem. The statement declares that the difficulties experienced in dealing with the cruiser class proved a problem such as to render an ad- journment desirable until the Gov- ernments had opportunity for far ther considering the question and its solation. The conference, closed the various methods suggested for in very friendly, atmosphere, after a few complimentary words by WC Bridgeman and Admiral Saito returned thanks.

Mr. Gibson, who

*

Reading, Sir David Yule and Si: Thomas Catte.

The capital will be divided into 800,000 preference shares of £1 each carrying interest at 7 per ccat

buy.

924-nom.

..$521 bay. $1dw buy, 17 sa.

als nom. $32 bal.

1.70 buy,

Mining A45/ boy.

1, carrying interest at 8 per cent. 1,400,000 ordinary: £1 shares and i 3,000,000 deferred shares of ts each,

700,000 secand preference shares

ofmbiṇed}....

ACIDITY CAUSES STOMACH TROUBLES.

Stomach pains, and inability to retain food often mean nothing more than indigestion resulting from gas and excess acidity. Cas distends the stomach, causing that full, op The declaration states, that the pressive feeling, while, the acid delegates agreed to recommend to irritates and inflames the delicate the conference provided for in the trouble, arises from the fermenta their respective Governments that lining of the stomach. The whole, Washington treaty should be held tion, which is not only unnatural, entlier than August, 1931, in order but is dangerous if not attended to. be, enforced before the capital, ship neutralise the acids, half a that the decisions reached might. To prevent or stop fermentation and construction ed, namely innogramme commend spoonful of Bisurated Magnesin should be taken in a quarter of November, 1831.

a glass of water immediately after eating, or whenever pain or fullness Bisurated Magnesia can

teas

Do (single) S'ha. ExplorationA Bhangha LOW........

Венди

Trondh

The 19 som TL. 9 Tim. 31 nom

.... nom.

nom.

19/3 Dom.

Ural Laspisas 5 nom H.K. & K. Wharts ...$112 buy,, 113g cəl Hongkows B.K. & W. Docks......... 38 ROM.. Naw Engineringsl & nom.

Tie, 147 bom. Shanghai Docks H.EN. HUD..... HK. Lands

3.91 Lom. $6.90 wel.

$55 bay, 53.60

x. div. sol.

+

36 al

li nom 191kg nem.

...Th. 7:35 nom.

יד.

Hong Kong Behitys. Humphreys Kalatos H.K. Tauritoriala Prince's Haildings.com. Bumi Landa Ewo Cotloak Orientals Shanghai Cou Cons. Buse BE T20. bay. & 18. Fe Tram (old).....15 sol. (W).......$_sal."

Cottona Do...

Do

20bay.

51 Бош 254 nom.

A joint statement mentions all controlling interests. in the Edin- the points on which an agreement

burgh

delegates failed to agree. It showscaster Gazette..

The Chairman of the new com that the three Powers agreed to

pany is the Marquess of Rending, before the war and many more ten adjourn the present conference and the other directora are:-Sir

til an

opportune time" to resume years earlier we are only asking for the work, and in the meantime they David Yale, Sir Thomas Catto, maximum of seventy now. No one will continue the study which open. Major-General Sir Robert Hatchi can say we have not gone far ined at Geneva, and concludes with son and Sir Charles Barrie, reducing our requirements. It was and mutual understanding among pointed out at the last plenary the three Powers. On the opening session that the obstacle to settle of the conference Mr. Hugh Gibson ment was that we could not recon- could not be come to...

had declared that en agreement ile uur differences with Japan, bat that if some basis could be found which could be mutually acceptable This joint declaration stated that to the British and Japanese dele- on many important questions progations it might be possible for the visional agreements had been made. American delegation to make agree These points of agreement related meat complete. We have conse- particularly to the limitation of quently made a great effort to put destroyers and submarines and inbour requirements into a form which was not until the conference took would be acceptable to the Japanese up the question of the limitation of delegation

The proposals published a few the cruiser class that difficulties were encountered The declaration | days ago embody the result of those set forth the divergent views on this efforts. We understand these pro- question: It was said that various posals in the main would not meet methods had been considered of re. with opposition from the Japanese conciling them but while material delegation. These, with other pro- progresa had been maile and points posals we made, would bring about of divergence reduced no mutually in the near future a very sensible acceptable plan had been found to limitation of aaral armament. This reconcile British and American scheme, as carefully explained by Šir claims."

Austen Chamberlain in a statement The delegates had, therefore, in the House of Commons on July deemed it vise-to-edjourn the con7th, is a temporary arrangement in ference with this frank statement tended to last till 1938, the date of of their respective views and to the expiration of the Washington

Cuments (combined).....$7 sel. submit the problem for the further Agreement, We have frankly stated

(ald).......$6.60 nom. consideration of their governments our needs and given our reasons for and submarines, but regarding tan- limit the extravagance of competi-China Dighi (16) 81

Light(comb.)...$12.90 buy, 131 in the hope that consultations holding them and explained our age he said there agreed to in tion by formal agreement, as wAS

esch

exceeded the British limited in practice by common-

13412 90. might lead on to an early solu- conception of national accurity. We figures.

Da sense, would continue and even-li, Day (new).....37 com

(old) ..............39) nom. tion. Further, the delegates agreed have agreed to try and fix the total

tually succeed.ht

China Providenta nom. to recommend to their respective division of classes and a maximum

THE AMERICAN STATEMENT. D tonnages provided there is a proper

Constructious

12.30 sel. governments the desirability of ar fixed for each type.

& W ranging between the signatories to Destroyers and Submarines,

Mr. Gibson made a statements Electrics.

HK-Electres the Washington Treaty that the

declaring that the American ele S.K. Ropes fold) These we understood to be agreed

gation was greatly impressed by conference should be called pursuant upon by the American delegation at to Paragraph Article XXL of the Preparatory, Disarmament Coo-

Sir Austen Chamberlain's recênt

(20). that Treaty and that it should be ference and we had presumed it

No Spirit of Antagonism.

declaration that an Anglo-Ameri-Mackintosh.... called earlier than August, 1931, the would also be encountered tere.

He pointed out that Britain had can war was already outlawed in

Sinceres date contemplated under the terms We have made repeated efforts to

#3} nom! nos complained of American superi the hearts of both nors

He added, We give thorough Watsons (ad) .............................$11]-npur,

United Asbestos.....

..320 BƏL of that instrument in order that put our total tonnage at the lowest ority in destroyers and submarines. any decision reached by such configure compatible with security and The British proptaals entail far endorsement to that, but we had Wm. Powell.96 Bum ference might come into force before our final effort is 'embodied in our greater savings than the others, it difficult to reconcile the British Telephones the capital ships construction pro latest proposals. But we have had and it was understood that they conviction that war has bem out-

*** 3.70 nom. gramme commenced, namely. November of that year.

into raise the maximum figures for were in the main not opposed by lawed with their unwillingness to buy bayers; sel-sellers

limiting the size of destroyers and the Japanese.

recognise our own right to build a The declaration concluded, The submarines to meet the wish of the He said he was unable to agree limited number, of the type of ship delegates trist that the measure of other parties and thereby increasing to the American claim for 8-inch we desize, because they fear pro- agreement reached as well as the a tonnage we should have liked in guns in cand-class cruisers, as he blematical possession by us during work which has been done in classify these cases to diminish. We have believed this would result in a con- the life of this treaty of smill ing their respective positions will offered to America a maximum siderable increase of offensive number of 8-inch gun cruisers, make it possible after consultation building programme over a period strength in the world's fects. despite the fact that such apprehen between the governments to find a of years so that each nation should Mr. Bridgeman concluded by em- sions are amply covered by the pre- basis for reconciling divergent viewe have complete knowledge of the phasising that if no common posed political clause releasing the and lead to early conclusions of an position of the others. But that has formula

ON LONDON, was acceptable to all signatories from the obligations of agreement for the delimitation of not proved acceptable. After the parties, no spirit of antagonism the treaty. auxiliary raval, vessels which will war, like the United States we among the three Powers was in- promote substantial economy and serapped a very large number of dicated, and still less was it shown which while safeguarding national warships mounting to 1,797,000 that competition and new construc security will promote a feeling of tons in battleshipa, cruisers and destion were intended. mutual confidence and good under-troyers in the interest of limitation. standing."

THE BRITISH CASE.

'i.

+

U

In the same way dbw no impartial critic can say we have not made our full share of concession as a con- bution towards arriving at agree-

ment.

"Figst Lord's " Statamant, Mr. Bridgeman, at the outset of is felt. statement in which he emphasised both powder and tablet-forms, and Than the plenary conference, madebe obtained from all chemists in Singapore Tractions..............! that he was speaking on behalf of at little cost you can get rid of your Amusements the Governments of Britain, India, acid-caused stomach troubles and Cautas ies and the Dominions. He was glad avoid them in future. the conference was able to agree

as regards guns torne by destroyers

Referring to the aniser problem, had explained why they wanted he said that although the British

number of small cruisers, they fail ed to understand the reasons for the American delegation demand ing so many large cruisers" or so many armed with 8-inch guns.

THE JAPANESE VIEW.

We are unable to understand

Do.

om.

дод

5 nom.

„15 now

37 bay.

$10 nom.

35 nom.

.819) nom.

A 1000-mina!

EXCHANGE.

-

CLOSING QUOTATIONS.

August 5th, 1927.

Telegraphie Transfer 11/11) Bank Bills, on demand, 1/11 18:16 Bank Bill, at 30 days' dight Bank Bills, at 4 montha'

night Credite

1/214

st★months'sight_2/09/16 Documentary Billa, 421

months' sight. ... 9/011/16 PAI

Bank Bills, on demand

1,215 Credita, 4 months sight ..... ),290,

YO Yo-t Bank Bills, sa damaad

OF NEW

at 60 days' sight...'

Credits, at

Tales Fallfor

47.

our

ON

BOAer Bank on demanda.)

in Transfer

1811

on demand..

1311

BHANGHAL-

Bank

why at a time of profond peace Britain deems & considerable pre- gramme of naval expansion ab- solutely vital. We have indicated our willingness to make most sub- stantial modification respecting Os sera, in order to meet the Bri- Admiral Saito explained that the of vessels, and any further con- claims as regards the number Japanese agreed with the Britiate cession would have involved a com In stating the British Mr. W. C. Referring to the American objec figures for 10,000 ton cruisers, and plete surrender of the right to Bridgeman, First Lord of the Ad- tion to the limitation in second class also the British, plan for sub- build ships, responsible to miralty, recalled how the British cruisers of the armament to six-inch marine limitation. He declared needs. We have never contested delegation found themselves in guns calibre and the American's that there still remained apparent that the requirements of Britain marked disagreement with the wish for freedom to mount any gun ly insoluble Anglo-American differ are best met by numbers of vessels, ON CALCETA of cruisers. He said: "We have Mr. Bridgeman believed: this, pro- especialke gun calibre, as to which tion and lack of bases require a ON Hillest nightl American delegation on the subject up to eight inches on these ships. caces, mainly as regards cruisera, but America's geographical posi been told that our respective navies poxal could. have no other the Japanese viens did not entire Inger type-of-aruiner with should be maintained at the lowest effect, than that of a consider accord with the British. There longer cruising radius:" -level compatible with national table increase in offensive strength fore: the Japanese, had made.s.com Again mentioning the proposed Or YOLCHAMLOn demand... 100

Private, 30 days sight... nom. security and we proceeded to ex of the fleets of the world. It promise plan, which had been re- political clause, Mr. Gibson said, plain quite plainly what was our was obvious that without any jected.

10, | ON MANILA-On demand 96 problem in this respect. We said it agreement, and without calling the Admira Saito, concluded by re in the American policy could give Or BATAVIA On demand

We are so confident that nothing Or SINGAPORE,On demand... was numbers we required and if a conference America had the power gretting the absence of any definite ground for concern, that we felt Os HALFTONG, On demand... limit could be put upon the number and the means to build as many agreement, but dealined to view the no hesitation in suggesting that Or Saran-On-demand of large craisers and a low maximum cruisers within, the limit of 10,000 sutcome of their efforts as a failure clause."

On Bangkok---On demand guns as the or breakdown of the conference...for atrive at a much lower total top picased. "

He concluded by declaring that Boramas, Back Baying rate $9.55 the subject should be dealt with GoLD La43, 100 fine, per faal an higher and broader grounds. HAY BILTEX, per m

...:25:9/16 HODKOM ROM BUNJHIUOL ABOUT

size on small cruisers, we should tone and hip an ender. he was convinced that attempts to

page than is possible if other, coup-vour to bring about the most effecontinued on next Column.).... tries demanded an unlimited number tive limitation she would have been

willing to join with us in setting a lower standard, for future cruisera construction which would have been an example to all nations.

Tangible Results.

of ships of 10,000 tons and eight-inch guns.

But we found that the American delegation were unwilling to put a limit, within a total tonnage, to the number of cruisers, carrying eight- inch guna. Although we stated our that eren if there were at: présent la conclusion, Mr. Bridgeman said reason for, wanting, a: number, of small cruisers we do not understand

no apparente prospect of reaching what are, their reasons. for demand complete agreement about, small cruisers it would be most unfortu ing so many Jargo; cruisers or so many with such heavy offensive pate if the conference separated

without weapons as oight-inch guns...

arriving

at some inter- national arrangements tending to Dependence on Overseas Trade."

economy, We have stated that the geo- A large measure of agreement, graphical position of our Mother had already been reached regard Country and the Dominions must be ing 10,000-ton cruisera, flotilla borne in mind. We stated so in leaders, destroyers and submarines, accepting President. Coolidge's in- Sooner than see the conference: vitation and have frequently repeat wholly fail the British delegation ed that a large number of small was authorised tosign an agreement cruisers is a vital necessity to an even if it embodied; only points empire whose widely scattered parts whereon a provisional agreement are divided from each other by seashed, already, been reached. But if sad oceans and whose most densely it were, now found impossible to populated parts are dependent for agree unop a formula acceptable to their daily bread on scaborne trade all parties that would not indicate and would perish if; we fail to pro- a spirit of antagonism between these “test it.” At the same time without powers-He was convinced that all delay we got to work to fix the present adhered as steadfastly: as tennage of our requirements at the before they met to the will for pence lowest possible Sgure..

and detestation for aggressing..

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