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THURSDAY, APRIL 16, 1925.
CORRESPONDENCE."
FRENCH BANK AND CHINA
INDEMNITY,
[To the Editor of the China Mail]
the question of a trip Home via Australia, Apart from the health-giving qualities of a some- what extended sea-trip through romantic and delightful scenes, there is the added attraction of making acquaintance with the great southern continent; and the very independent poople who are Sir, I read with interest your proud to be known as Australians, summary and exposition of the Hongkong people should have, an position of depositors in the added satisfaction in travelling on Banque Industrielle de Chine but a Hongkong-built vessel, thus owing to official reticence this helping on the Colony's most could not, of course, include the pressing need-ships and com-basis of the agreement which has bean reached as a result of the negotiations between the Govern ments of France and China con- The Banque Industrielle.."
cerning the payment and apper- tionment of the French portion of The slump time" definitely the Boxer Indemnity. This re- proved that even banks were not ticence on the part of the Govern inmune from disaster. The word ment of China surely points to bank had become to be associated one thing only and that is that it With the qualities of strength, is afraid of public opinion regard solidarity and the incorruptible.ing its action.
merce:
PACIFIC MAIL SHIPS!
HOW THE SALE IS SEEN IN AMERICA,
BATTLE OF FINANCE.
With regard to the appeal by the Paclic Mail S.S. Co. against the U.S. Shipping Board's deci sion to award their five liners to the Dollar syndicate, the hearing. of which has been postponed till April 20, the following excerpts a San Francisco paper, from throw some light on the situation before the bids were opened.
Washington, March 17. The closing chapters were being written to-day in a battle of giant shipping interests for preferential market, rights in the awakening, Asiatic
Officials of the Dollar and Pacific Mail steamship lines were preparing for the final showdown in the Anancial poker game which will decide ownership of five "President ype liners now operated by the latter concern out of San Francisco.
11
literally fighting with its back to Because the Pacific Mail is the wall in the deal, according to any observers, relatively high bits are expected.
For Half a century'now the Mail
be devoted to the purposes of pas-liners have been steaming across the Pacific, building up a name ting the Bark on its feet.
which to-day is known
88
Bank scandals there have been, It will certainly find that there and England has had her fair will be (to quote the Daily share but even these did not Bulletin"), "agitation against the undermine the general faith that agreement" if the rumour is prevailed, and does to-day to a correct that to get as much as great extent, in banks as institu- possible for the Bank (in which, tions. The closing of the Banque if my memory serves me aright, Industrielle de Chine whe ait is interested to the extent of sensation of the period. It was a about ten million tacks) the local and a national one: and those Chinese Government has accepted who witnessed the collection of an offer of France that all of the bewildered.depositors at the door French Indemnity money should in Chater Road will not soon forget the impression of shattered hopes and helplessness then seen. The rumour may be without That seems a very long time ago. foundation but the reasons the familiarly as the Peninsular and It seems evident that the repre- such a move are apparent. The Oriental, the “P. & O," of Rudyard sentations and discussions which Chinese Government has fon-Kipling's Indian tales.
The powerful Dollar Line, which, have taken place, have not been intended that payments of the vain. Depositors are to receive French portion of the Boxer recently shattered precedent and due recognition and the bonds Ind nity should be carried out bugurated a regular "around that it is proposed to issue to them.basis of the present value the world" freight and passenger liquidate their holdings, will be of frane and the French Gov-schedule, with ample financial, a marketable nature. Even if erm nt hold that it should be or backing. is admittedly, in the' the period of repayment is some that of the gold franc.. It would stronger position of the two.
The tremendous strides made by Be a move which the Governments what extended. the fact must not would consider mutually bene- this organization in the past few be ignored that payment will eventually, he made in full-me elatif France conceded that pay-years die directly to the canny
Captain ment be made ip paper and China foresight of better than a proportionate repay waived her claim to that portion Dollar, the 80-year-old Scotch- ment of so much in the pound of the Indemnity that the French Amerien shipping wizard, have terling or dollar. The Banque Government had intended for use been based largely on Aslutic may find difficulty in taking its along educational lines in China, shipping, our position. There have not been former place amongst the banking!
But would the Chinese Govern- institutions, of 'the world--"once ! wanting signs during the past few you bite me twice am shy" as such a proposition?
ment be doing right in accepting
Even sup years that the golden future, the French lady said-but assum posing that the rumour I have which is almost within our grasping the correctness of the report mentioned is false, is the Chinese will not be won without the to which publicity has been given. Government doing right in devot-ping Board policy of selling ships.. greatest vigilance. Already proof the conditions mentioned, we Indemnity for the benefit of the are maintained.
and the subsequent carrying outing even a portion of the French on condition that present sea lanes.
QUALIFIED OPTICAL SERVICE N. LAZARUS
Ophthalmic Optician
(Hongkong's only European Optician)
12, Queen's Rd. Central.
Manager:R. A. LOOPER-
Qualified by Canadian Government Examination Fellow of the American Optometric Association,
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MARRIAGE.
trust the fact that it did eventu Bank? It may be, in so far as ally make good, will not be lost sight of. It is reasonable to assume that the lessons of, the past will be taken to heart.
臼
duction costs are ominously high -we were tok during a recent strike that moulders' wages were perilousiy near the Home level- and unless labour takes the sane view they may easily become prohibitive. There is no need to dwell upon what that will mean. The very reasons that led to the placing of the order for the Changte in Hong. kong will lead to such orders being placed elsewhere. Com- merce has only one standard-the' it has been decided to rename the ↑ Grab, Grab, Gráb.
SUN'S OLD. SHIP.
RENAMED IN HIS MEMORY.
(From Our Own Correspondent.)
Canton, April 15. In memory of Dr. Sun Yat-sen,
cruiser Wing Fang after him.
part of his career.
the protection of its own interests and those of a limited number of the people it is supposed to repre- sent is concerned, but what of the legions who have no interest in the Bank, what of the future generation? Why should a body of men have power to waive an offer which would be to the last ing good of the nation in favour of immediate gratification of an instinct which no doubt has a ΠΙΟΥΕ technical psychological name but which for the sake of expressiveness I will term that of
Yours, etc.,
SPECTATOR.
Hongkong, April 15;
But where is
Robert
Regardless of the group which acquires control of the vessels, according to Commissioner Meyer, Lissner, San Francisco will be the port of call, because of the Ship-
QIL DISPUTE.
CANTON CO. SUSPENDS SERVICE
There is little or no change to report in the situation at Canton regarding the oil stoppage, brought about through the Canton Govern. ment deciding to levy a tax on imports of kerosine oil.
According to the "Canton Gazette," an insufficient quantity of gasoline is being supplied to the motor garages; and the Canadian Motor Bus Co., for this reason, has suspended its services.
BOY SCOUTS,
the
strictly practical. Therefore if we are to win the favours of com-
According to the vernacular merce we must keep to the strictly the leading officials of the Kuo- papers, a ceremony attended by practical. Hongkong to-day por mintang was held on board the
P.S. I notice that, according to sesses the money, the brains and cruiser when it was given the new a cabled extract from a French As the Sacred Heart School the labour to compete with other name of Chung San-Dr. Sun newspaper,, published this morn-sports will be held on Sunday, The brains having been known as Sun Chung-ing, China has promised to pay in April 19 at the Hongkong
gold. Of course
the French Football Club's san, to the Chinese, in the late Press would have its people be inauguration ceremony of the 14th CURRIE FERGUSON.-At the parts of the world.
ground, Union Church, Hongkong, on and the money will always be April 15, by the Rev. J. H. ready to play their part. The It is believed that the Wing Heve that their diplomats had won and 15th Hongkong Troops of Boy
B.A.. Johnston,
Norman future therefore rests with the Fung was one of the Northern a moral victory, Melnroy, younger son of the workmen. Labor cannot be made Cruiser squadron that broke away their authority for such a state late Findlay Currie and Mrs.
from Peking when Dr, Sun came ment? The word "gold" has Currie, Dundee, Scotland, to to see that fact too clearly for its to Canton to organise his Con- been 'conspicuous by its absence Elizabeth Moffat, elder own welfare and for the general stitutional Government. The late in official reports and is likely to daughter of Mr. and Mrs: prosperity of the Colony. That Admiral Ching Pek-kwong led the continue so in my humble opinion.. Ferguson, 7, Quarry Point, Hongkong.
as much as anything is the moral quadron South and he was later April 16.
assassinated in Canton. Admiral of the launching of the good.ship Ching's statue now stands on
THOSE WERE THE DAYS. Changte.
Dutch Folly.
When General Chan Kwing (To the Editor of the China Mail), ming delivered his coup in June,
Hongkong, Thursday, April 16, 1925.
GOLDEN DRÉAMS,
once
MISSING RESIDENT.
MR. EZEKIEL GUBBAY'S DISAPPEARANCE.
Scouts of the South China Athletic Association will take place at Soo- kumpoo ground instead of at Happy Valley, as formerly an- nounced.
ence to football, because it is the fashion to?
In the not distant future "soccer' will be the monopoly of the. Chinese, Portuguese and Indian; "rugger" will be confined to service. Sir-In your isme of Tuesday, ganies; and all the young men will
jatel on the A have not been hero long
stalwarts of twenty, or thirty years enough I love not the pleasure of
I can, and do not wish knowing the great footballers of the question his rather sweeping as mentioned by "No Can." If Autement as I have not been to *bbey were still in the game to-day, loral football match for years. they would not be able to stem the. Your correspondent does not give a tide.. reason. Does he think that it is because too many of the younger
Yours, etc.,
BILL
men are taking up golf, in prefer Hongkong, April 16. ^-
·CRUISER RENAMED AFTER DR. SUN YAT-SEN.
"Ships, Colonies and Commerce,” 1922, Dr. Sun fled to the Wing
This old election cry rises to the Furg which bombarded Canton No Can" tells us that the present prefer gutting to punting a big surface in reading the account of and was subsequently bottled up, generation of footballers in Hong-leather bad abins. Nobody can have read the the launch at Kowloon Docks of off Shameen, for some weeks. The long are not report of the launching of the the "Changte" for the Australian other ships in the squadron Changte at the Kowloon Dockyard service. "Ships and Commerce" is gradually deserted Dr. Sun but more applicable to Hongkong: and the Wing Fung remained as his yesterday without a feeling of
more it is proved how flagship to the last. pride. That the order for such a ficient is the Colony to prepare vessel as the Changte should have one for the other: The seven seas now can show the oil tankers and been placed in Hongkong is in cargo-boats--the joint production itself a tribute to the Colony's | of British and Chinese co-opera- growing importance as a ship-tion at the Kowloon Docks-and will be added a building centre, since Australian henceforth owners desiring an ocean-going the shape of the "Changte," passenger-carrying steamer in
FEARS OF HIS FRIENDS. steamer for a highly competitive Shipping undoubtedly brings route must obviously turn to the countries into contact more than No further clue has been traced | best market for their require any other industry; and it seems in the mystery surrounding the ments. Gratifying as the launch-closely connected with the Austra Gubbay, a member of the local appropriate that Hongkong so disappearance of Mr. Ezekiel ing of the Changte is in this linn trade, should have had the Jewish community who ilved with respect, it is even more gratifying,, privilege of making a contact that his family at No. 20, Elgin Street. however, as evidence that theell who follow the fortunes of the As reported in yesterday's Colony not only possesses the Colony, and the Dock Co. in parti-China Mail, a man answering labour for such work but also lead to further connections of a have been, a passenger by the cular, will hope will be secure and to his description is supposed to possesses that even greater asset, similar happy character. The Hangcheong on March 13, from the technical skill. Therefore it "Changte" will need to be a good Macao to Canton, and the passen- is no' idle dream to look forward boat to follow in the wake of such ger in question disappeared to the day when Hongkong dockyan and Changsha which from a close friend of Mr. yards will turn out mail liners for have braved many a storm: but Gubbay, it is gathered that Mr. the great ocean trados-when the builders and owners alike have no Gubbay was a frequent excursion- Colony will have become the fear on that score. One thought ist to Marae but he seldom arlees out of yesterday's happy travelled alone. Over middle age, Clydebank of the Far East.launching. function, and it is he was of short stature and gen Those will be great days, but they suggested by Mr. Beith's appeal erally wore a beard. He was not are yet far off, and it behoves us, for preferential trent when of striking appearance and it la before we are carried away on the passage to Australia has to be also stated that during the last wings of hope, to take stock of considered; and it is this: Home-fow years he has been affected
going residents may well consider by ill luck,
old and tried vessels as the "Tal-] before arrival at Canton.
This photo shows the Wing Fung as she lay in the stream off, Whampoa last year, standing guard over the Norwegian steamer, Hay, which brought the large cargo of arms for the Merchants' Volunteer Corps.