1923-08-03 — Page 1

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The

Hongkong Telegraph,

五拜三月八头站备

FRIDAY

AUGUST

1923:

日登廿月天

#ING

THE REPARATIONS ISSUE.

DEATH OF PRESIDENT HARDING.

THIS AFTERNOON'S SURPRISING NEWS,

Statement in British Parliament.

EFFECTS OF RUBR OCCUPATION. (Router Service:)

THE NAVY AND THE AIR FORCE.

Sub-Committee's Recommendations.

(Reuter's Serdice.)

RECONDITIONED CARS.

What we say that our Uaid Cara are overhauled before being placed on sale, hat everything, bas bass done be done to put the vars to

that she

good con

formality

-14 an ironofad rule: and our bustomers can tall it from the way their cars are running.

Remember: A used car is only as apod as the firms with which you deal "Hudson 7-passenger Touring $2,800.00

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London, August & A White Paper has been published containing the recommenda London, August 2, tions of the National and Imperial Defence Committee on the rela In the House of Lords continuing his statement on reparations, tions between the Navy and the Air Force, which, in the words of I Marquesa Curzon disclosed the contents of the recent British draft sub committee, presided over by Mr. Balfour, have given rise to a reply. This expressed the opinion that it would be advantageous to somewhat soute controversy. The subcommittee, after sifting. agree to the Garman proposal for an impartial examination, but in the claims of the rival forces, and the present system of co-operation co-operation with the Reparations. Commission of Germany's as regards the fleet and the air arm, do not think complete severanos capacity to pay. The draft pointed out that the German offer of is possible. It is recommended that air officers be appointed to the guarantees did not mention stabilisation of the mark or balancing of naval war staff and that the relations between the Admiralty and the budget, and said the guarantees would be ineffective unless some Air Ministry be defined. These recommendations are regarded as a form of international control over the German financial administra compromise. Drastic reorganisation of the Imperial Dafence Gam- tion be provided. The draft concluded by advising Germany immittee which is recommended provides that Dominions Ministers mediately to withdraw the ordinances which fomented the passive may be summoned as members of the Cabinet The sub-committee resistance policy, and disavow sabotage. It expressed the ballef rejects the proposal for control or amalgamation of the three fighting that the occupation Powers in the Ruhr would then reconsider the servicen under one Defence Minister, and has decided that each of position with a view to the resumption of normal conditions in Ger- three chiefs of staff be responsible for advising on defence policy as man industrial life. The covering Notes to the Allies elaborated the whole, the three constituting a super General Staff. Government Adopts Suggestions, British views in this connection, and urged inter-Allied discussions

London, August 2 without delay.

The French and Belgian replies were couched in a cordial spirit, but did not mention the draft British reply.

Mr. Baldwin's statement in the House of Commons was identical

with the foregoing,

Withdrawal of Troops Suggested.

Mr. Calvin Coolidge,

In the House of Commons, Mr. Baldwin atated that the Govern- ment had adopted the recommendations of the Imperial Defence who, in consequence of President Committee, and emphasised that the committee had unanimously Harding's death, now becomes come to a conclusion in favour of the principle of a single air service, President of the United States. with provisions to meet the Admiralty's objections, particularly

In the House of Lorde, Lord Birkenhead, following Marquee Cur-securing for the Admiralty absolute control of all fighting equipment zon, suggested giving the French every chance with their policy, and of the fleet and carrying out of reconnaissance by naval officers. He advised the withdrawal of our army of occupation and our repara declared that a single air service was necessary on the grounds of tions cóminíssioner. Marques Carzon, replying, dissented, and efficiency and economy. contended that the former was our only guarantee under the Treaty to ensure that Germany met ber obligations, whilst the latter would be an unwise step and might do a deal of harm. It would be unfair to ask what the Government was going to do before it had gathered public opinion from the promised publication of the papers. If that question were put now, be, did not known if he could answer,

Mr. Baldwin Explains.

BANQUE INDUSTRIELLE CASE.

Imprisonment and Fines.

Paris, August 2.

AIRSHIP SERVICE.

Between Canton and Hongkong.

According to the cernanalar

The Banque Industrielle sentences are; Andre Berthelot fa fined press (says the Canton Daily News) After his statement in the House of Commons, Mr. Baldwin, three thousand franca, Pernotte gets three months imprisonment a certain American is organising replying during the debate, emphasised that British interests were and is fined 350 francs, De Cerenville, Pallu, Loste and the engineer an airship passenger service com not less than those of Belgium and France. He elucidated the effects Chautard are fined 300 each, and the directors Frezouls, Favareilles pany in Canton at a proposed of the Ruhr situation on world trade, and uttered a grave warning as and Meilhan are acquitted; regards the possibility of a German collapse and of the efforts of a surrender forced by desperation. The Government would continue to strive to bring together the Allied forces to secure a just settle ment, and if a crisis arpse Parliament would be called. He concluded by expressing a desire to maintain warm friendship with Fraxco."

Labour Leader's Views.

Faults in Administration."

capital of $2,000,000. The com- pany expects to purchase two- The judgment declares that the orginal failure of the Banque was airships from America and im due to faults of administration. When the capital was increased a port them to Canton for carrying second time there was an irregular issue of shares, but the position passengers to and from import- was subsequent's regularised. The plaintiffs claims for damages ant cities, such as Hongkong. are dismissed, but those mentioned were held responsible for the Maono, Swatow, Kongmoon and Outstanding features of a speech by Mr. Ramsay Macdonald, who issue and sentenced accordingly, Pernotta being also found guilty Canton. Each airship has a followed Mr. Baldwin, ware his hearty endorsement of the Govern, of negotiation of the irregular abares and Berthelot being found seating capacity of 40 passengers ment's decision to pursue its own policy, and savers condemnation of guilty of distribution of fictitious dividends; and Pernotte also of com- and is equipped with two engines. the French policy. The leader of the Opposition pointed to the all-plicity. The judgment points out that the balance sheet in 1919 It is reported that the company usion to the omission of reference in the French and Belgian replies was inexact, since it included irrecoverable credits, consequently the will issue. shares of $1 each, to the British draft Note, and said he hoped that it was no more than plaintiffs' demande concerning the distribution of fictitious dividends which will be offered to the an oversight. He proceeded to point out that the British conception were admitted, provided shareholders acquired the ebarcs before public. Agencies in Hongkong, It is with the deepest regret that we have to record the receipt of an alliance was co-operation: not one in which any partners could January 25th, 1921, the date when the position of the Banque be- Macao, Swatow and Kongmoon of a Reuter's telegram announcing the death of President Harding clain control concerning their own interests. He neserted that no came publicly known. The tribunal has appointed an accountant to will be established for the selling of the United States of America. The message came to hand this sano man would now believe France was in the Ruhr for the pur prepare a statement regarding the damages due to the plaintiffs' in of the company's shares.

pose of getting reparacions, but was rather permissted by warlike this connection. afternoon. It contained no details, the sad news being conveyed in. feeling. He proceeded to examine the internal conditions of France," which he declared were much better than those of England, He these two brief words :-" Harding dead."

questioned the desirability of obtaining reparations from Germany, The new will be received with the utmost surprise, because and inquired what the Government's next step would be, dwelling on the urgency of action. He attached great importance to securing telegrams of the past two days have indicated that bo was improv. Germany's admission to the League of Nations, notwithstanding ing, it being said that he had passed the crisis. The same French opposition; and concluded by warmly encouraging the Goy hopeful note was struck in & Router's telegram to hand this mora-ernment in its adoption of a positive policy.

Parliament Adjourns.

London, August: 2.- "San Francisco, August 2.-President Harding's physicians.state Parliament has adjourned to November 13th.

French Opinion.' that he had several hours of restful sleep last night, and except for

Paris, August 2. the marked exhaustion of an acute illness he said he was feeling

Official quarters emphasise that the French reply leaves all the easier. While his recovery will take so ne time, the physicia.s are doors open for further negotiations, and consider that Mr. Bald- mora confident than hitherto with regard to the outcome of the win's statement contains no suggestion of a break, and that its mo

derate tone paves the way to further conversations, illness. The President's lungs have definitely improved, bis tem-

The Reply from France, perature is now 98 decimal 2, his pulse is a hundred and bis respiration 32 to 40.”

ing, which read as follows:-

The Late President.

Warren Gamaliel Harding, twenty-eighth President of the United States, was 57 years of age. He was born on an Ohio farm, worked his way through college and became a linotype operator in a newspaper office early in life. He had been engaged in news. paper business at Marion (Ohic) since 1884 and was president of the Harding Publishing Company, publishers of The Star, a daily newspaper. Elected representative of his district in the Senate of Ohio in 1899, he was later elected Lieutenant Governor of Obio in 1904 and in 1910 as a Begator. By the largest majority is Presidential election records, he was chosen President of the United States in November, 1920, and entered on his high responsibilities in March of the following year. His term would have expired in March, 1925, A man of sterling character and marked ability, bie death will be mourned the world over.

The New President,

Paris, August 2

NAVAL CEREMONY AT GIBRALTAR.

Memorial to U.S. Sailors.

Gibraltar, August 2.... The United States Rear Admiral Sciles unveiled, in the presence of the Acting Governor and many notabilities, the memorial tablet erected by the Fifteenth United States Destroyer Squadron in memory of the men lost in the sinking of the United States ship Chauncey in November, 1917, when patro ling the StraitsAtS

Three Hundred naval mea landed for the unveiling. Guarde of honour were monated, consisting of American midshipmen and man. of the British Navy The Acting fovernor and the British Rear Admiral Ellerton and Rear Admiral Scales deposited wreaths. A battalion of midshipmen from the Annapolis naval academy and a battalion of bluejackets marched past the memorial and saluted the crove of sacrifice, at whiob Rear Admiral Scales placed a wreath,

BRITISH STEAMER ON FIRE.

Expected to Become a Total Loss.

Batavia, August 2;

A summary of the French reply to the British Note is published. It deals, with the points raised in the British Note, and declares France's readiness to investigate immediately with the British Government the German proposal of June 7th, but the question of

The British steamer Ferrara, voyaging from Sabang with a assive resistance must be settled before anything else is touched. The occupied territory will be evacuated pari puss with Germany'a cargo of over three hundred pounds of oplum, is on fire, and is payments. As soon as passive resistance cases, the occupition will expected to become a total loss. he made as lecient as possible, but until passive resistance ceases

REFORMS FOR US. STEEL WORKERS. France cannot discuss any modifications of the mode of occupation with Germany. As regarda the proposed conference of experts, the

New York, August. 2;' Freach Government aake whether such s body would be better than Judge Gary, president of the United States Steel Corporation, the Reparation Commission. As regards the British proposal for a announces the immediate adoption of the eight-hour day in the complete Alled plan for a general definitive fanancial settlement, Americau steel industry. The wages of the employees whose hours the reply recalls that such a plan already exists, and the Reperation will consequently be reduced from twelve to eight will be adjusted Commission has all the powers necessary to enforce its application. The reply suggests that it would be contrary to the treaty to reopen so as to yield earnings equivalent to a twenty five per cent, increase

in the hourly base rates. the principle of settlement and fixing of the total figure, and Asks what Britain nesns by a general definitiva settlement, and whether it includes the inter-Allied debts. Referring to the question of ercurity, the French Government is always ready to día. cuss this, but the question is independent of the occupation of the Ruhr and must be dealt with separately.

"AN IMMIGRATION COMEDY.

Liners Race to Quarantine."

New York, August 2.-.

BRITISH YACHTS DO WELL

London, August 2 After winning the first heat of the British-American Yachting Cup race at Ryde yesterday, by 23 to 13 points, the British team of four yachts in the second beat at Southsea to-day all finished before the Americans, and now lead by 49 to 23 points.

ONLY A RUMOUR,

** London, August 2. ́ ́ ́.

TO-DAY Closing Exchange 28. 2. 11/16d. Byrometo 2 p.m. 29.56 Temperature 2 p.m. 85. Hun idity 2 p.m. 72- High Tide 053 pm. Iow Water 7.59 pm.

Lightlog Up-Time. 7.43 p..

News in Today's New Advertisements.

The committee and members of the I.R.C. will be At Home” to their friends to-morrow from 4 p.a. to 7 p. Page 4

A list is published un page 4 of well known makes of plants

duced prices.Page.4. which are being offered at re

"A notice of interest to members of the Royal Hongkong Golf Club appears on page 4.

The Shields and Medals will be presented to the winners of the

"A" Division of the H. K. Lawn. S Tennis Association to morrow.-- Page 4

The famous film depicting wild animal life in Africa will be. screened for the last time at the, Coronet to-night.—Page 12, **

LISTEN.

The man 2010 desires beautiful garden doesn't leave it at that. He makes preparations accordingly. The merchant who desires good returns doesn't leave it at that. He makes preparations

The Government has decided that only bona fide immigrante to In the House of the Commons, replying to Mt. E. D. Morel, Mr. By the Constitution of the United States, the Vice-Pre-Canada who are able to prove that they intend to reside there for at Amery declared that no discussions had occurred between the British accordingly. He advertises, sident becomes President in case of the latter's death, for the least a year may be granted transit visas. Farty Britisbers who ex- and Dutch Governments as regards certain projected naval strategical remainder of the term. Thus, the new President will be prorsed a desire to change their destination to Canada when they works in the Dutch East Indier.

found the immigrant quota into the United States exhausted have Mr. Calvin Coolidge, who is 50 years of age. He was edu- consequently been deported. Thirty-four Finns who were deported cated at Plymouth, Vermont and Amherst College and entered the last week and who have agato arrived aboard another steamer, which picked them up at Sable Island, have again heon deported, as it was legal profession. He was elected to the Massachusetts mouse of ruled they should have returned home before attempting to re-enter Representatives twice and has been twice. Mayor of Northampton, the country.

Mr. Curran the Immigration Commissioner, announces that he He has served four terms in the State Senate, of which he was has warned the officials of all transatlantio lines against a repetition elected President in 1914. He was chosen Governor of Massachu. of yesterday morning's race to the quarantine station, *** when sette in 1919 and was re-elected in the following year.

thirteen liners endangered the lives of thousands of passengers. According to the masters of several steamers they raced up the narrows at a speed of over fifteen knots, so closely abreast that the passengere on different this could almost touch hands. A collision. anywhere would bave affected many vessels,

A notice concerning traffic pro- cedure appears on Page 4AMEN Consignees are notified of the RUSSIAN ITEMS.

arrival of the... Prasident. Moscow, August 2..

Jackson, Page 4er The Nijni Novgorod fair oponed on August 202, It is expected Tomorrow will be the last day the receipts will be thrice as much as in 1921

| of Powell's sale-Page 7 A decree has been issued making platinum the State's monopoly. The super film attraction Carnival is being screened at the World Theatre. —Pages 4 & 12, If you enjoy really good coffee, buts it from the Graeco-Egyptian Tobacco Company Page: 5.7-I For the current attraction at the Star Theatre, refer to Page 12.

REICHSBANK'S DISCOUNT RATE.

Berlin, August 20

The Reichsbank has raised its discount rate to thirty per cent.

(Oikor Telegrams on Poŋe?