1920-07-12 — Page 2

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and

NOTICES

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FOR ALL PURPOSES.

FOR OUDTATIONS APPLY TO THE

SOLE AGENTS —

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MACHINERY DEPARTMENT.

IN ALL MATTERS CONNECTED WITH

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ACEAL'S PAINTS FOR SALE

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Manufacturers & Exporters of High Grade Furniture.

THE HONGKONG TELEGRAPH

THE SIBERIANTMTM ROUBLE.

CAUSES OF ITS FALL IN

· VALUE S

Feeling sure that the financia! | Jaituation of the Russian Far East and Siberia will be of interest to British business people, I will {enumerate some of the canses of the large depreciation of the Siberian rouble during the past [month, caused by the financial policy of the local Government, Vladivostock Jay's

Corres

pondent if a Home paper.

One month before the fall off the Kalichak, Government in Vladivostok the exchange of the Siberian roable "was rather firm around 150-155 roubles per yen ((Japanese currency). After the Joverthrow of the Kolchak Government, on the 31st January

MONDAY JULY

REIKAL

THE TYPEWRITER WITH THE ADJUSTABLE TOUCH AND THE ACCELERATING TYPE BAR.

ALEX ROSS EQ

25-JES VORUX FOOD-C, CLAROGE, KOWLIKDA

11:270 TEEMIT

Best, by the Red forces the tions 240-245. The day does not towards the close of the American seem far distant when the Siberian Civil War, and need a cartload of government being handed over

by the Revolutionary Staff to the People will have the same expe Siberian roubles in order to boy a Executive Committee of County ence as the Confederate péopu Jose.

|Councils "of rha-‍Ma'itima-Pro- vince, the rouble began to improve steadily until at the beginning of March the exchange rate stood at 103-107 roubles per yen. On the 19th Match, by order at the Credit Chancery, a special department of the Ministry of Finance created to find ways and means of improving the rouble exchange, there were appointed to Russian hanks operating in Vladivostok two Governineutron- trollers to each, whose functions consisted of controlling all bank: jing operations. Withdrawals from jcurrent accounts were generally

EARLIER TELEGRAMS.

(Continuerà Fruer Page Lang

THE SPA CONFERENCE.

London, July.3.-

A commanitse from Spa says that, at the opening, Mr. Lloyd tieorge expressed, the Allies' determination to secure the execution of the Treats" which up to now had been very inadequate as regards.the surrender or destruction of material and the reduction of effectives.

He indicated the extent to which, the Allies had taken into ar-1 100n; the observations, and dificulties made by the new German Gov-

THE STANDARD LIFE ASSURANCE CO. 50,000 per month. erament, on whose sincerity or intentions he did not wish to cast a

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AND

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The Undersigned: AGENTS for the above Company are prepared to ACCEPT RISKS against FIRE at Current Rates. SHEWAN, TOMES & CO. Agents.

MASSAGE HALL

23. FLOWER STREET, MR. T. TAKATE, MRS. MORITA. CERTIFICATED MASSEURS. PATIKTI Theated in Turns Os c

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HONGKONG JAPANESE

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The

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AGENTS,

New Consignment of

higher amounts only being allow doubt. He also pointed out that a fresh postponement was only grant-- ed by special permission of the ed on certain, definite conditions, realisation of which would be check- Credit Chancery. Operations ined and guaranteed by precise sanction. [foreign currencies were probibit- fed, although they were allowed in special Cases by the Credit Chancery.

The result of these restrictions is that all clients are gradually withdrawing their deposits, no new business being brought to the banks, and unless some drastie changes for the better are put into forze in the near future the day is not far distant when the Russian bank must close their doc's. Owing to the quietude in business the Vladivostok Branch of the National City Bank of New York bas already closed its doors to public business and is shortly to be followed by the Vladivostok branches of the Hongkong and Shanghai Banking Corporation and the Banque Industrielle ie Chine.

On the new Government coming into power the Committee for Foreo Trade, spacial depar" ment of the Ministry of Trade created to regulate the export of goods from Siberia, put into forte regulation whereby exporters

KODAKS" deposited

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Inspection Cordially Invited.

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26. Des Vœux Road, Central.

JUST ARRIVED

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FILMS & SUNDRIES.

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PUBLISED ANTUALLY,

THE

LONDON DIRECTORY

with Product & Fareiga Sections, sables traders to étanzendente dirves wid

MANUFACTURERS & DEALINS

in London and la The Provinziel Toena konk Ladunrinë Castrof the Unded hydod the Continent of ReTTER. The Demed, | sdstrumen ază siber detallar Åse elanikeď under more than 1000 trade · kurdings, including EXPORT MERCHANTS

vih deta♫ech particulare at the Gents thrippet and the Colonial and Foreign Markat supplieci

STEIMENI LINKS

straigad vader Ihe Press to which they wil. and trðlencing (ji approximate Ballyga“.

Ona Josh BUSINIES CARDS of Firme destrins 10 etles their connectiowe, or Trade Cards of DEALERS HYAMKO AGENCIES -

jis, bo priedes 16 à scat of £1,300 for each yüle kapiling Ind which they en humretară, Large sheerbeviserte fraud là

2 tipy in khá tratory w basent by pacmi pon fee #2, nati meh with weder, ・・

THE LONDON DIN RUTONY, 'OV. 279

25. Abchases Line. Ländon, EC. 4, Engines. EVENESS DEFARLZERED 106 TRAKA,

.

The following Allied reply to the German proposals was then read: Conditionally that Germany proceeds immediately to disarm the Einwohnerwehren and Sicherheispolizei:

Pablishes a proclamation demanding the immediate delivery of all arms held by the civil population-and decreeing effective penalties in case of contravention:--If the Government's legal powers are insuficient for this it shall immediately obtain the same by législation:

Immediately executes the whole series of measures deve sary for the abolition of compulsory military service and the or ganisation of the army on a basis of long term military service a provided in the Treaty:

Delivers to the Allies for destruction, and helps the Allies: to destroy, all arms and military material beyond the quantities authorised in the Treaty:

Assures the application of the usexecuted aircraft and naval clauses of the Treaty

Then the Allies will agree to extend to October 1st the period provided for the reduction of the Reichswber efectives, at which date it shall be reduced to 150,000 men, including a brigades of Reichswher.

maximum of ten

The Allies will also agree to the further postponement, expiring en January 1st next, for the reduction of effectives to 100,000, when; to the Treaty. the exact composition and organisation must be completed according

in the neutral zone until October 1st for assisting in the collection of The Allies will also authorise the German Government to keep arms such a number of effectives as is communicated by the Inter- Aled Military Commission of Control.

The Allies will take all necessary measures to prevent contraband

trate in arms from the occupied territories intended for other parts

of Germany.

were granted'export permits, the exporters giving a quarantee that

If before January Ist next, the Allies Control Commissions in within six months from the date: of the shipment of goods all Germany and the present arrangements not being loyally carried out. foreign exchange which would be

for example, if by September 1st the legislative measures berein- received from their sale would be before provided for are not taken and have aut received the widest placed at the disposal of the Publicity, and if the destruction and delivery of material is not pro Credit Chancers the reculation seeding smally; if on October 1st the army is not reduced 159,00. stipulating that 25 per cent. of the proceed to occupy more German territory either in the Ruhr or some including maximum of ten brigades of Reichswher-the Allics will selling price of the goods on the foreign market should other rexion and baly evacuate it when the present conditions are

wholly fulfiled.** the with

Credit Chaucery. On reeipt of the full amount of foreign currenes the Credit Chancery, undertakes to settle with the exporter in roubles at the official rate. which is usually from 10 to 20 per cent. below the market rate quoted the Japanese exchange. To day it is more than 150 per cens: the lyen being quoted on the market fat240-245, and the official

being 95. Exporters give this guarantee, hoping against hope that within six months political changes will take place which will release them fross their obligations.

rate

|

Herr von Simons, remarked that the solutions of the conditions enumerated in the foregoing Note were being imposed without the German Delegation having been called on to discuss them. He com meated on the Allies' reply ad veristix, and finally declared that the German Government would do its utmost to carry out the conditions, and would have to sumbit to the consequence if they did not succeed. labours, the fierman Government's formal acceptance must be offcial- Mr. Lloyd George said that if the Conference was to continue its ly confirmed.

Tel 1030

NOTE

GARAGE ACCOMMODATION

FOR PRIVATE CAR OWNERS

THIS IS OUR NEW SPECIALITY.

CARS

QARAGED in "TOWN • $30 per month. CARS GARAGED At PRAYA EAST, or

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HYANGHAI $30 per month.

CLEANING AND

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High Court. The German Delegation admitted it was equally Ger. Herr von Simons announced that he would communicate the Gov-rany interest with the Ailies that the crimes against laws of war ernment's reply to-morrow.

¡ be punished. Herr von Seeckt, at the Conference, said that Germany had

Spa, July 8. 4.000.000 rifles when the war ended. She lost 1.500.000 in the 1913 At last night's Conference of experts, besides ships, the Germans retreat and had handed over to the Allies 1,690,000. The Police and other admitted that out of 12,000 aeroplanes, 150 had been handed over and forces held nearly 1,000,000.

4,000 destroyed, whilst out of 24,000 engines, 1,500 had been handed over and 10,000 destrayed.

He emphasised the difficulty in gathering the others and said that force would be tried since persuasion and offers of purchase had fail ed. He promised full delivery within a year.

He said that 73.000 machine-guns had been handed over to the Allies. Various German forces held 15.009, which could not be deli vered within a year. Replying to what had become of the captured Allied weapons, he said ther had been utilised for the Balgarian and Turkish Armies.

At the meeting of the military, naval, and air experts, the Ger- mans admitted that there still three dreadnoughts, three cruisers, 15- destroyers, and 50 torpedo boats to be delivered. Likewise, there.. were large numbers of aircraft with engines.

handing over this material and reducing the German army,

A meeting of Allied General Staffs considered the method of

Berlin, July 8. The Press regretfully, notes the bad impression the Germans

Owing to all buying and selling operations by Russian banks in foreign currencies being prohibit ed, exporters desirous of fulfilling the above conditions are obliged to buy the necessary foreign cur- rencies for the 25 per cent. deposit

Herr von Seeckt declared that Mr. Lloyd George's-figures in re- from foreign banks and Japanese

spect of artillery were inaccurate. He maintained that Germany had made at Spa. exchange offices, who have the had 20,000 big guns at the end of the war.

practically-fulfilled her obligations in regard to artillery. Germany The Government organ, the Loka! Anzeiger, complains at the at- exchange business in their the retreat, 5,800 were delivered at the Armistice and 11,000 had been Freiheit roundly accuses the anthorities of ambiguity, and trying to A thousand were lost inmosphere of distrust surrounding the Germans, but the independent hands, meeting with no compete tion from the Russian banks. The

deceive the Entente. Regarding war material, it says that Herr demand is much greater that the

Von Seeckt maintained that after the guns possessed by the Fehrenbach and Herr Gessler's unsupported assertions produced a supply. Add to these facts that Reichswher, etc.. there remained only 346 which could be handed over. laughable effect. therm are constant romoors that

He also argued in favour of the prolongation of the evacuation the Soviet Government in Siberia

is cancelling all currency issued

by the late Koltchak Government,

subsequently handed over to the Allies.

of the neutral zone, on the plea that most of the arms surrendable. were there.

He con-

Bess,

婆

Paris, July 8. The French Press continues to applaud Mr. Lloyd Genge's firm.

Le Temps hopes that the Allies' tenacity will equal their vigour to demanding the disarmament of Germany. i

At Spa the French, even were favourably impressed, as Premier

Mr. Lloyd George disputed the accuracy of the German figures, and and that in spite of these rumours emphasised that the fact that many of the men under arms in German the local Government keep the were revolutionaries did not make the matter less serious. printing presses well oiled and sidered von Seeckt's figures had established a solid ground for sus Millerand himself told American correspondents, by the fact that the are running off these Siberian Picion and anxiety. The Allies did not want to interfere in the in-Germans have shown a willingness to do something which they had notes in millions, and farther ternal affairs of Germany but could not tolerate the possession of heretofore refused to do. The conference, M. Millerand bellaves, hesring in mind the policy of them by individuals for anarchist purposes,

will be endad on Sunday. At the conference Walght M, Millerand State Bast in buying gold, A communique says that the Germans signed the protocol, after said he fully expected that the Brussels conference could be Beld on Romaton and Green notes, can Mr. Word George had refuted the Delegation's contention. He said July 23rd, probably with the Američkos present, he added, which is 008 wonder that the rouble ex- he did not see the necessity to bring in the Reichsias respecting aanc- taken to mean that the Allies generally believe now that settlements. change has lope ar passed itations, which it rested with the Allies eventually to put into execution. will be reached even on the question of reparations to the extent of highest record of 185 per yen, and which, moreover, were expressly provided for by the protocol of forming some basis for the Brussels conference. Reparations WIT] made last October and November? January 10th.

At the beginning of the month As regards regards -war criminals, it was agreed that expert the exchange stood at 105-107 German and Allied Ministers shold meet in the afternoon to prelimin roubles per yeo; to-day's quote-arily discuss the position regarding the proceedings in the Leipzi

not be discussed, however, until after the disarmaments have been settled, as well as the question of German war criminals ––Havas,

Continued on page ".)

2