1921-06-11 — Page 3

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THE HONGKUNG TELEGRAPH.

EARLIER TELEGRAMS,

SOVIET CHARGÉS AGAINST JAPAN.

SATURDAY, JUNE 11. 1921.

CONFIDENCE AND CREDIT.

Cheaper Money Wanted. [By Brigader General Sir Owen Thomas. M.P Independent Labour Member for Anglesey.]

London, June 10, The first sharp rap over the knuckles has been administered by the British Foreign Ofce to the Soviet Government in conse The problem of the reorganisa quence of an impudent note from Tchieberin to the British, French tion of industry will never be and Italian Governments, making a series of charges against Japan. solved until a spirit of confidence The Soviet note declares that the overthrow of the Bolshevist Gov and security is restored, not only ernment at Vladivostok and also the coups at Nikolsk, Qussouriak to manufacturers, merchants, and and elsewhere were carried out under the protection of Japanese, investors, bat to all classes of the against whom a number of other accusations are made, such as community. desire to conquer Siberia, Japanese distribution to their nationale of the Kamtchatka fishing rights and. Japanese seizure of fishing dues which were formerly Russian.

A

This is the greatest need of our nation to-day, and its absence is largely responsible for the dis The Soviet note further alleges that Semino's and Kappel's treas and unemployment through. bands are maintaining themselves on the Chinese borders and also out the industrial world. Credit hands are terrorizing Mongolia with Japanese aid. Ispair is accused is restricted. Money is dest. of rejecting repeated Russian peace proposals. The note says that Manufacturers cannot compete in the French are helping the Japanese, and all the Entente Fowers the markets abroad owing to ex- share the responsibility. Britain is accused of hostile activity. cessivo costs of production" at: Lord Curzon's secretary briefly, replied on 9th June. to M: home. The army of unemployed Krassin, retorning the note as unacceptable and saying it was grows steadily in numbers. And neither customary nor conducive to good relations for one govern theGovernment faces the problem ment without adducing corroborative evidence to address entirely with relief" works and dolea: baseless charges to another. It concludes that the Government therefore declines to entertain into correspondence on the matter,

LABOUR SITUATION.

The

London, June 10. The enormous extent of unemployment in Britain is revealed ocial figures issued last week, showing 5,750,000 as workless, including 1,600,000 miners and cotton operatives. All but a small number of the balance applied for out of work donations. foregoing figures exclude over a million on short time. The only industries showing signs of withstanding the black spell are ship building and boot manufacturers, but several industries except a quick upward turn when the miners resume. It is generally anti- cipated that the Miners'. Delegate Conference meeting to-day will adopt the executive's recommendation to take a coalfelds' ballot on the owners proposals, the meaning of which the Miners' Executive has now fully grasped. A favourable verdict is expected from the Fallot.

THE RUBBER INDUSTRY..

London, June 10.

01

This policy will neither restore confidence nor ravive trada. It is as useful as the applica tion of a plaster

mend s broken limb! If the money poured out in doles and works of relief were poored into industry for the purpose of re-establishing trade, a great and definite step would be towards prosperity

made.

CHEAPER MONEY WANTED. Manufacturers must be granted! credits, oi sams torm of insurance) against beary loss, to enable them to develop their particular industries. Bis the urgent duty of the Government, in co-operation! with the banks, to devise scheme of this nature if we are

;;

PERFECTION IN COFFEE

FRESHLY ROASTED

FRESHLY GROUND

on the premises by our new.

HYGIENIC ELECTRIC ROASTER & MILL

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We specially recommend our mixture

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LANE CRAWFORD'S

Established 1850.

Telephone 1741.

to regain our economic position WHITEAWAY LAIDLAW & CO. LTD.

in the world and eliminate the peril of unemployment which threatens our social order to-day. Cheap money is the secret of success in any producing country, but this is impossible of attain-

A dinner was given to the Oversea delegates to the Internam nt where credit and confidence tional Rubber Exhibition at the Savoy Hotel, Sir Owen Phillips do not exist presiding. Sir Lloyd Graeme paid a tribute to the admirable spirit)

The breakdown of our export

in which the rubber industry was meeting its difficulties. Sir trade; largely due to the adverse Stanley Bois said he was sure the fine spirit of co-operation would action of exchange rates carry the industry through all its present dieulties.

LEAGUE OF NATIONS.

London, June 10,

to

foreign countries, has directly affected our food supplies from abroad and intensified the cost of living. Cheap food, bowever, is essential to this country, and no effort should be spared to secure' stability of exchange, which would help and not hinder manu- The committee on amendments to the Covenant of the Leaguefacturers in competition for of Nations has issued its report and recommendations. The most markets abroad. Expert bouses important amendment recommended is a combined Chinese-Crecho-in France, Italy, and Germany Slovak addition to Article 21, whereby the League will not only approve but also promote agreements tending to secure peace and encourage co-operation.

ADMIRAL SIMS UNPERTURBED.

London, June 10.

Admiral Sime is quite unperturbed at the American agitation over his speech. Interviewed, he was emphatic in declaring that be stood by every word and should so reply to Secretary Denby when he received the cable reported to have been sent. He declared he saw nothing un-American in his speech.

London, June 10.

have an enormous advantage over British manufacturers in this re- spect and an urgent remedy is clearly required of our economists and statesmen.

AWAY WITH PESSIMISM AND DESPAIR.

If the policy I bave outlined for reviving industry by credit or in

urance were developed by the Government, prosperity would in- evitably ensue. Production op an extensive scale, if efficiently

rganised, will secure cheaper) goods for distribution, which is a need urgently felt by all classes of the community. This is the

A New York telegram states that while the New York Times declares Admiral Sima' speech to be improper the Tribune says that though Admiral Sims' remarks are in bad taste, he hit somewhere near the truth. It was time for someone to say aloud that Sinnype of production necessary for Fein hyphenism was not American.

ANOTHER WIRELESS FEAT.

London, June 10.

The latest wireless achievement is the transmission of the singing of Madame Butterfly during a performance at the Berlin Opera House. It was easily heard throughout Central Europe and on board ships in the Baltic. The German wireless expert, Court Arco, opines that Tokyo will soon be able to hear an opera given in Berlin..

GREEK LINER SUNK BY MINE.

Athens, June 10.

The Greek liner "Bouboutina" struck a mine and foondered. The battleship "Lemnos" saved 2 out of 240 passengers. It is be- lieved the others have perished.

OBITUARY.

London, June 10.

The death is announced as having taken place at Kensington Infirmary of the famous hoaxer, Louis de Rougemont,

He was author of a series of articles in the Wide World Magazine, purporting to be personal experiences in strange and remote parts of the World, of which Punch said, "Truth is stranger

mont beats them both.**

YOU CANNOT AFFORD TO BE WITHOUT THEM. than fiction" (which was the motto of the magazine), "but de Roure-

POST OFFICE COUNCIL TO BE FORMED.

London, June 10.

JUST received a large Consignment of (1) LACTOGEN the most digestive food for Infants which keeps good in quality during Hot Weather; (2) LACTOSE (Milk Sugar) for sweetening the foods of Infants and Dyspeptics; (3) MILFORD-McGRATH FLUID INSECTICIDE the Best Floid for destroying Fless, Mosquitoes

In the House of Commons Mr. Kellaway announced that the Bugs, Flies and all other Insect Pests in Summer days; and (4) JOHN CAHILL'S GOLDEN FLEECE, MAGIC and CINDERELLA | Government was establishing a Post Office Council, composed of

prominent business men with a view to ensuring efficient manage SOAPS for keeping everything clean in Houses.

ment and development.

PRICES are Very Moderate. Inspection and Enquiries are cordially invited.

SHIU FUNG TAI & CO. Sole Agents for Hongkong and South Chie 47 and 48 Connaught Road Ceutral, Honzkɔng. Telephone No. 1239.

LAWN TENNIS.

London, June 10.

At Beckenham in the men's doubles, third round, Hunter and Shimidza won. In the mixed doubles, third round, Shimidzu ́and Miss Hawkins won.

successful enterprise, and will develop out of the existing situation.

Britain's position in industry, even to-day, is, however, better and more scure than any other in the world. After returning from a visit of several montha abroad I am convinced of this, and I would not exchange our fiaancial position for any other country, America included. In comparison with the rest of the word our outlook does not justify pessimism or despair.

Credits must be granted to stimulate our comotose trade...i Exchange rates must be adjusted and stabilised. Industry will } i then revive. Prices will fall as production cheapens. Money will be freer and work plentiful as confidence is restored. The daty of the Government and the bankers is as clear as the need is urgent. We must demand its fulfilment.

WHAT YOUR EYES TELL. If your distant vision is clear. if you can read continuously without pain or discomfort, if your e528 never burn, ache.,water or feel irritated and you have few or no headaches, omit any immediate concern about your eyes. If on the contrary, aby of the above symptoms annoy you, at least have your eyes examined. GBsses may give you unexpected comfort on required occasions. The Hefracting Chamber of the Hongkong Optical Co., Successors to Clark & Co, Refracting and Manufacturing Opticians, located in 53, Queen's Road Central, is at your service,, and you can rest assured that glasses will not be recommended unless needed. ̈

DES VOEUX ROAD, HONGKONG.

OBRALCO

REVALUATION OF STOCK

THE MANUFACTURERS HAVE REDUCED THEIR PRICE FOR THIS POPULAR CLOTH, AND WE HAVE THEREFORE BROUGHT

¡OUR SELLING PRICE INTO

LINE.

$2.95

USUAL PRICE REVALUATION PRICE $USD

FOR ONE

WEEK

SPECIAL PRICE

$1.25 YARD

See Name on each yard of Selvedgi

OTAL'S

TOT

43/44 side-White and Fast Colours

PIQUÉ

TOOTAL'S PIQUES

OLD PRICE.

in White and coloured, large stocks

$3.95 yard. REVALUATION PRICE.....

SPECIAL PRICE

FOR ONE WEEK

$2.50 YARD.

$2.50

WHITEAWAY LAIDLAW & CO. LTD.

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ah Sageridad

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SOLE "AGENT,

DAL NIPPON BREWERY COMPANY LOITED TOKYO, JAPAN. SPECIALEY BREWED FOR EXPORT

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