1921-02-02 — Page 2

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THE HONGKONG TELEGRAPH.

EARLIER TELEGRAMS.

AMERICA'S FINANCIAL PLANS.

Landon, Feb. 1.

WEDNESDAY, FEBRUARY 2. 1921.

RESTIVE RAILWAYMEN. -

Mr. Thomas on a Coming .

big Struggle.

Representatives of 1.357,000 railway workers in Great Britain, France, Belgium, Germany, Hol land,Luxemburg, Sweden. Den. mark, and Austria, met at the Memorial Hall, Farringdan Street, London recently.

Mr. W. H. Booth, Vice-President of the New York Guaranty Trust, interviewed in London said the American plans for the resou- struction of Europe were based on the expection of shorter period German indemnity payments and in view of the Paris settlement must now be changed. Credits to European nations must be extended to enable them to par without strain. Another effect of the Paris Con- Mr. Robert Williams, President ference would be adjustment of the American tariff schedules. The of the International Transport reasons were that the protective tariffs had last much of their force. Workers' Federation, presided but America must be protected against damping, while new markets at the opening of the Conference. must be found by following the Britishlar of supporting developman, | Mr. J. E. Thomas, M. P., in of new countries. The formation Foreign Trade Financing the course of an address said Corporation, which was just issued in New York with expital stock that in a Conference of that kind of a value of twenty-five millions sterling, was the first big step in it was very difficult to lay down would help extending foreign credit. The special law whereander it was organis-propositions that ed would permit of the issue of debentures to ten times ita espital. railwaymen in their particular which would be sold in small denominations to individual investors countries, but the importance be in the United States. The debentures were base! on collateral, attached to that Conference was that in it they once mare realised angendered by bars abroad for extended periode.

the need of international IF the workers of brotherhood. the world had known each other better before 1914 they would rat have passed through the

which

ha! they period experienced. Whoever was sponsible for the war, it was noti the working classes in country; but because of the ignorance of the workers of their comraries in other countries their opponents had been able to take advantage of their misunderstand Tings, and allowed one worker tol ight another. Therefore, be believed that one certain result of the war was the determination of

working classes 1ៗ countries not to allow themselves to be exploited any more. Only a few years ago all the bitter hatr

He pointed out that China was greatly increasing manufacturing position and expressed the spinim that Lancashire particularly would be faced with strenuous competition there. Ele declared the Ameri- tan did not feared trouble in the Pacific. They were condently ex- pected that the good judgment of the statesmen of the United States and Japan would work outthe differences which at worst were not essentially fundamental.

REVIVING TRADE.

London. Fel 1.

any

Mr. Kelleway. M.P., speaking at Preston, said he was hopeful that trade recovery would not now be long delayed. Foreign markets had been glatted with dear goods, but these were being steadily dis-the posed of. The world's hunger for supplies was unsatised and was w certain to beverne more urgent. Hence overproduction was not an evil, as was sometimes suggested, but prodaction at prices which people were unable to paz. A great danger was the policy ed, passion, and prejudice that t "ca' canny," which meant high wages and low production, making prices prohibitive.

the Press would or could work up was worked up in connection with our late enemies. But the Signs of the trade tide turning are indicated in the news that werking classes said now that a number of steel furnaces in Wales have restarted. From Washington the war was over the first amenda tomea news that the monthly statement of the Federal Reserve Board they could make was reconcilia. of the says that some plants employing many hands have resumed wholetion and the healing or part time running. A distinct improvement is reported in some wounds which unfortunately bat branches of the textile industry, while preparations to put the fin-been indicted. And it was in visiting ancing af exports on a more satisfartery base have laid the fanda. that spirit that the tions for improvement of the whole export trade.

Melbourne, Feb. 1.

Mr. Hughes in a speech denied that Australia was depressed. He aid the heavy export of primary products and increase in deposits in the Banks showed that Australia was one of the most presperas

countries in the world

Ottawa, Feb. 1. The Casas receipts of Canada have creased by seven million Idollars in ter month

A GREAT CONTRACT.

London, Feb. 1. Armstrong and Whitworth's have entered into an agreement with the Russian Trade belegation for the repair of practically the whole of Russia's promotives. The commencement of the work depends on the ratification of the Anglo-Russian trade agreement. Unqueation- Jably it is a great contract and an all empley hundreds of men.

ค

CHINA FAMINE RELIEF.

London, Feb. 1.

The subscripcions received by the ilongkong-Shangbai Bank in Lesdon on account of the China Relief Fund now total 416896, in- cluding 2100 from the Chinese Central Railways,

INDIAN STRIKES,

Bombay, Feb. 1. Uneasiness continues with regard to the situation in the mill ares. Employes of the wearing department of the Century Mill struck for higher warıs The strike at Kobinoor Mill portaver.

RICE CONTROL ABOLISHED.

Bangkok, Feb. 1.

Bice control has been abolished.

del-kate- were welcomed.

BIO FIGHT IN N FEW MONTHS.

Mr.

not reached the end of our tight.

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reali-ing its summed up the position in the

THE EIGHT HORS DAY.

Ha

is perfectly true." Thontas continued, "that we have. We realise that there will be a big truggle rat abead I believe that there will be a big fight in the next few months in this country The fight will take plate over new stand that we as railway men are going to make, and I hope our foreign comrades will clearly und erstand in advance what out intentions at We have fought ir hours and wages, and we hate succeeded in reducing our hours land increasing our wages. But wn still believe that the workers' part in life cught not to be merely that Labour was that of eers of wood and dex power, and that it was not insu-words: We have obtained and wers of water. We believe that far, not local or national, but in-will maintain the eight hoors day, notat the will of the Government. we can contribute something toternational. (Applause.)

but by the power and strength of Micient rail say MANAGEment.

He asked the We believe that the railwaŢINE?

(our right hand. The Conference proceeded to

the uni-Conference not to pin its faith to can by their experience de much, the consideration of to help to improve our transport versal application of the eight the Peace Treaty. but to trust

rather in their own power. -Salem. We believe, where there boura working day. are problems on the management M. Bidigaray (France) painted summarised the decision of the side, that it would be better if we out that the principle had been Conference in a resolution which WEL carried affirming their bee- knew all about them. But established by the Peace Treaty are denied that opportunity to and the ashington Labour Con-lief in the principle of the eight- day. Only a few years azo rail grees, and said that it was essen-hours day, deprecating the action way companies said that purtial that some standpoint «houl? | of any railway employee taking private employment after having business, was merely to do what be taken up by the Conference.

service. we were told. We answered :bat Herr Scheffe (Germany) said completed his railway

welcoming the fact that the eight by saying that the Government a that German workers were deter few months ago indicated in their mined to uphold the new working hours was now almost universally White Paper that they realised conditions gained as an outcome applied, and urging comrades in They were any country where there bad been that the railwaymen ought to of the revolution.

wok longer any abuse of the eight bours to share in management, and it is prepared

if socialisation USD Deir industrial power in our intention to hold the Govern- hours only

introduced. Wages in order to bring about its introdec- ment to that promise, and to was see too that it was not ramouflage Germany had advanced 600 to for the purpose of Muffing the 709 per cent, the cost of living cent while railway public. I hope aur Government 1200 per will understand clearly that on materials were up 3000 per cent. this matter the railwaymen ofour- It was stated that whereas in country are absolutely united and Germany the cost of living was determined." That Conference, twelve times up in Austris it had Mr. Thomas concluded, was a advanced 120 times. symbol of the growing spirit of Mr. Thomas, speaking at Boits solidarity and a derconstration to House after the adjournment on those who had brought the the operation of the eight hours world to its present position working day in Great Britain.the Ministry of the Interior.

الان

tion.

CHINESE EASTERN POLICE. A Peking report states: -The fred flatte ansoutices that, with the exception of the railway be guards, the police within Chinese Eastern Railway ares are to be directly controlled by

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***E

DOINGS-OF THE DUFFS

VEN WORKING DA

44 CHRISTMENO LIST AND FOUKE TO HAVE YOU SODVER TY WITH ME AND SEE IF YOU CAN MAKE AAN SUGGESTIONS!

کنم

WHAT ARE YOU

WORRYING ABOUT THAT FOR NO? CHRISTMAS IS STILL ALONG WAYS OFF!

Helen Has To Do the Thinking for the Family

WELL.CHRISTMAS HILL BE HERE BEFORE YOU KNOW IT! You Know YoƏİRE A GREAT WIND TO DELAY EVERYTHING!

∙DELAY NOTHIN! WHEN DO I EVER PELAY ANYTHING? TELL ME THAT

IF YOU CAN!

***

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OUT FOR CLOSINE A STORE AT TEA OSLICK "THE HIGHT

BEFORE, CHRISTMAS! REMEMBER ON HAD YOU WERE?

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