1922-02-08 — Page 3

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THE HONGKONG TELEGRAPH. WEDNESDAY. FEBRUARY &. 1922.

•SCRAPPING RING' FEARED BY US. NAVY,

Breaking Up of War Craft.

A novel form of combination, more or less in restraint of trade,, threatens the Government, writes!

r. H. P. Stokes, Washington correspondent of the New Fork. Evening Pust, under date January 3, in carrying into affect the agreements at the Conference on the Limitation of Armament-a scrapping ring." Under the Hughes programme, $20,000 tons o capits! ships, buil and building, are to be scrapped. There STO

faw Arms that can tackles job like that H gh ranking officers of the navy, i was learned to-day, fear the formation of a ring among these; firms to buy these ships at a figura o low that the Gorerament will zet very much the worst of the bargain.

At best the United States will receive a comparatively small amount for the battleships and cruisers which will be torn to [pieces. The Navy Department. oficials sav. will consider itself fortunate if it receives more than $1,000,000 for the completed shipe. Payments made for ships in the course of construction, i they add, will be equalled by the cost of cutting them up.

The work of dismantling the ships on the ways probably willj he given to the concerns which] were constracting them. The minimum estimate of the pay ments the Government will be compelled to make for cancelling contracts is $30,000,000. This estimate is made by a high rank- ing naval official who will have! much to say about the dismanti-A ing of the ships. Other estimates! run as high as $103,000,000.

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THE VICTORY."

I am aware, of course, of the proposki tha: the old ship should be permanently installed in No, 2 Plea for Nelson's Flagship. (dock at Portsmouth. It is like putting a stuffed swan in a glass Few people, perhaps, realise case. Ships and swans show their. what an ancient relic of our beauty and their glory only in To everyone she is known, of dock is a confessed cripple. fighting fleet the old Victory is their own element. A ship in course, as Nelson's flagship better le: her perish altogether So: Trafalgar. But that was, almost than adop: such a cheeseparing ber last sea-going commission, expedient. the very last being about eight

years latex, when my great-

It is only a few years since she was docked and the damage done

Naval officials who completed an investigation of the scrap steel markets at home an abroa last Saturday found that scrap steel on our Atlantic coast was selling for $7 and 8 a ton, com- pared with 2 to 4 pounds sterling ston in England, or, at the pres ent rate of exchange. $5 to $15. randfather, Admiral Sir Joseph in collision with the "Hero" re- Some 220,000 tons of condemned Yorke. bad

hisdag in her paired. Unless the work was warships Were

sold by this in the North Ses, commanding then scamped, she ex100: be Government recently

the fleet which was operating Daltogether rotten. ** ал average rate of $10 a ton, but

the Dutch coast. After he bauled r newed and re-sheathed with With timbers naval officials say they cannt down his dag she was moored in rapper, she ought to be good hope to get this high fizare fri Portsmouth Harbour, and there for many years to come, or sa the warships which come under she has remained ever since, for expedient that has been suggested the ban of the arms conference. a long while just as a show-ship. might tried that a kind of coffer-

Scrap steel

a reminder of Nelson and all for dam should be built round her major portion of the material for which he stood, but, for the superwater pars, and thus she which the Government wil btwenty years or so, the Flagship might be based up by a fabric

Battleshi of the Port Admiral, writes the no: her own. and cruisers Are dismantled Hon. Gerard Fiennes.

At any rate, let There

her renisin where she is as long The order for her construction however, such as copper, electri- was given in 1758, the year of

as it is possible lo keep her there. cal equipment, cables, and bres. Nelson's birth, and twenty years which will bring considerably later she was flagship of Admiral more than scrap steel will. Nere Keppel theless, the total amount realized by the Government will be only a fraction of the cost of cancelling contracts, even if some of the in- completed cruisers are sold with the understanding that they will he converted into transatlantic liners for which they can be easi ly adapted.

paid when the

ways.

are other

materia s

disaster

in the years of which attended

The Victory again carried an

scrolls..

painted their m4513

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arranged as a pendant to the Washington Conference and with American representation,

50

Prof. Maynard Keynes, author does not care to participate, we if "The Economic Consequences must do our best without her. of the Peace," and some other GERMANY'S CAPACITY TO PAY works which have stirred political "About Germany's immediato. life during the past two or three capacity to pay, I bold now the years, contributes to the Sunday same views that I published last financial position of Germany choose to clear her out completely Times & searching analysis of the August. I believe that if wa with regard to reparations, and she can pay the January instal- the proposal to allow Germany & ment from her reserves of foreign wo-year moratorium periol, after currency accumulated for pur which the existing demanes of poses of future trade; and perhaps the Allies would revive. With the February instalment too; but

i brata

gold marks out of what Germany the moment a sum of 450,000,000 paid in August last nader the financial &grogment which France has so far refused to ratify.

that she should be restored to the Mr. W. . Wylie's suggestion likeness of what she waswhen Nel- on fell on board her..is interes War of American fndependence. As she is painted at present, she the ling. though not altogether arw.- His flat was hauled down when represents the nory of about 1840 he was court-martialled after his In the year of Trafalgarthere was Analysis by Professor Keynes. much the better. Batif America indecisive fight off Ushant in 177, absolute uniformity in the and triumphantly rehoisted on appearance of ships, but generally his acquittal. Bet the Victory vessel was painted with a inglorious days were not, se: ended, for she was flagship of all round her and reaching to

wi

black streak running The original Hughes proposal Admiral Sir Charles Hardy when

the lower called for thescrappier of Ameri- the Channel Fleet was chased

gun-deck. Above can ships built and building total into barbour and a "64" sunk by brownishyellow, while the after this. the hull was painted a ling 845.740. Changes by the con- the enemy almost within sight of part (above the gun decks) and | ference resulting in the substitu- Plymouth Hoe.

tion of two warships, have reduc

the poop were often a bright red ed the total to 82000 tons. The Admiral's flag without much dis- for blue,

with lavishly-guilded actual tonnage to be scrapped, tinction when Lord Hood come, however, will be only a part of manded the British squadron off ed in action two days later, wrote Captain Duff, of the Mars, kill. the tota for the bat: eships in the Bastia in 1794, but thereafter she to his wife on October 19, 1805:regard to the latter he agrees with that, failing a foreign loan, she course of construction which are justified her name, carrying Sit to say that he had just painted Sir John Bradbury that it is a bad cannot pay these suma without to be dismantled rance from 4 par John Jervisis faz at St. Vincent his ship a la Nelson. This plan. cent, completed on the ways for, and Nelson's at Trafalgar..

France, he says, would crisis, and that if she pays them the battleship Massachusetts to

After an existence ficat of 160 meant that the bull was painted receive nothing whatever during she cannot pay also the instalme 29.5 per cen, completed for the rears, it is probable that little, if black, with a yellow streak along the period in which she needs of April."

attleship South Dakota. The any, part of the old Victory re-boing coloured black. The maste

each tier of ports, the port lids help most; while uncertainty We are holding in suspezise at 25 btle cruisers building and to be ins; but's ship no more loses of British war ships were painted end of the two years would render about what would happen at the reduced to junk range from 1.3 to her individuality with the renewal white, to distinguish them in 235 per cent. completed on the of her timbers than does a man action from the French, who

it difficult for Germany to put her Giances in order meanwhile. every particle of whose body is The conference still is to decide said to be renewed every seven The interiors, at the time of

black. Tbe time has arrived when we when the scrapping of the ships years. She is Hood's, Jervis's, and Trafalgar, were still coloured Germany's finances ill noteeds the money, and it is consi

must drop make-believe, he urges Our Chancellor of the Exchequer shall begin. This question prob. Nelson's Victory still, and if we blood-red, to prevent the evidence ably will be decided within the are prepared to let her disappear of casualties at the guns from

recover and the Allies will not be dared that France is not behaving cext two or three days. The or to be reduced to a position of being seen and disheartening the

paid until their demands bave too well in withholding it. Mr. proposal as originally made by ignominy, for the sake of the

been fixed at a sum within her, Keynes, however considers that Secretary Hughes was that "it money required to keep her in

Burviving sailors.

capacities, which it is worth berwe should act wisely in conceding should be agreed by the United trim. badly strained as our re- which Mr. Wyllie suggests, and

Such, I take it is the colouring while to work and scheme to pas. something not to French rights, States, Great Britain, and Japan sources are, then the nation has his idea is worthy of suport. But,

The two-year moratorium sounds but to French difficulties, that their navies, with, respect to lost its soul.

like the proposal of someone who "I sugges: therefore," he con- capital ships, within three months She cost £67,000 to build it is that the old ship is preserved at first and foremost, let us see to it

is more anxious to save his face tinues "that half of the som due after the making of the agree not impossible that the cost of her moorings, lest our children

than to get out of Germany the from Germany on January 15, of ment shall consist of certain ships repairing her so that she may

sums, moderate, but well worth which I advise the postponement, designated in the proposal and continue her duties as flagship

forget.

having, which she can in fact pay. should be made good to France number for the United States would be as great. What of that?

We must not postpone a fical and Belgium by our returning, for eighteen, for Great Britain twenty- Who will say, with the arch-

settlement for two years more, division between them, an equi two, for Japan ten." American traitor. "To what purpose is this

however great the temptation tolgalent amount out of the sum naval officials believe that work waste?" Nelson's words as be

all concerned to put it off until held in suspense as explained on the doomed ships under con- lay dying in his cockpit amid the

someone else is in office.

above: and, further, that we struction will end either with the thunder of her guns and the because it poisons the system. morator um would be of advan- svent of the lostalments of Feb Mr. Keynes thinks that brief should undertake that, in the signing and sealing of the treaty chears of her sailors, "Oh, Victory. by the conference, or with the Victory! How you rack my poor causing sick headaches, bilious.

take not so much to give Germany cuary 15 and April 15 being re- Mr. Richard Croker, the former ratification of the treaty by the brains! Thank God, I have doneness, torpid liver, bad complexion,

time to pay, but to give ourselves mitted such remission should be head of Tammacy, who has been United States Senate, and that all my duty," still echa through her

disordered digestion.

time to think. The Government's at the expense of British claims. BIR JOHN MARTIN HARVEY. seriously ill at Glencairn Castle, the ships to be scraped will be and are heard by every child It was announced tba: Sir Joba Dublin, is much better.

policy is "nonsensical froth." against Germany, and not at the Martin Harvey.

What ought they to do? They expense of her Allies. And, fur... atter being

withdrawn from service within who is taken on board her to SCOTS DRAW THEIR SAVINGS. Operated on for appendicitis, is

Trade depression in Glasgow is signed.

three months after the treaty is see the spot where the "am-

aught to tell Germany that on ther, if thereby we could secure Daking steady progress.

Kab Jan. 15 she must pay half the from France an reflected in the fact that although

bodiment of British sea-power."

unaggriev 2.500 IN PINES FOR SMUGGLING.deposits in the local savings bank

as Maban called him, "yielded up dispel constipation, regulate the 000,000 gold marks, and the wa ought to be prepared to present demand that is 250-ed compliance with our proposals- Fines amounting to £2,500 have during the year totalled over £7,- MARBLE BOEDER ON PAVEMENT.

his spirit."

liver, restore regularity, cheer-balance, namely, a further 250-satify the Wiesbaden szivomed Seen imposed during the past 000,000, the withdrawals exceeded

The morrow of another great fulness and health, Plakettes 000,000 gold marks, on March 15: even without the qualifestid ares months at Dover on persons that amount by £400,000. Deposi: fused to allow s firm to put a moment which should be chosen post free, 60 cents the phial from Feb. 15 and April 15 will be held properly recommend Glasgow Corporation has re- deliverance is, suraly, the last are obtainable at all chemists, or and that the payments dhe for which Bir John Brid flag to smuggle goods, says the tors still hold £15,250,000 in marble border on the pavement to part with so precious & Dr. Williams Medicine. Co., 96 La sospense pending yet onemersary to plaserte the Daily Chronicle.

special investments.

in front of their premises,

memorial of the past.

Szechuan Road, Shengtai

conference. If this could be Allies other than 3

SOLE AGENT,

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