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HONG KONG, SATURDAY, DECEMBER 3, 1927.
CABLE COMPANIES.
Affected By Wireless. Telegraphy.
INVESTIGATION PROMISED, Importance Of Both Systems Fully Recognised.
Rugby, Yesterday. In view of the adverse effect on the receipts of the telegraphic Cable Companies resulting from the development of wireless tele- graphy and notably of the beam system of linking up Britain and
TRADE REVIVAL.
Bankers and Their Constituents.
GENERAL CHAMBER'S VIEWS.
Principal Market Disorganised By
Civil Strife.
The following letter has been addressed by the General Cham- ber of Commerce to the Chinese Chamber:-
"OUT OF STEP.”
Two New Defensive Alliances.
EUROPEAN CONSTRUCTION,
M. Briand's Invitation To Signor Mussolini.
recent
Rugby, Yesterday: Franco-Italian relations and the Franco-Yugo-Slavian and Italo-Albanian treaties are discuss- Hong Kong General Chambered in the "Times." The newspaper
of Commerce,
29th November, 1927.
Chinese Chamber of Commerce, Hong Kong.
the Dominions, negotiations have The Secretary, buen opened by the Cable .Com- panies with the Government and
the matter is to be fully investi-Dear Sir,.. unted.
Trade Situation.
The importance of both With reference to previous cor- systems in their different spheres respondence on the above subject,
considers that the "serious and novel feature in the situation is that as the result of the diplomatic man- auvres of the last few weeks a de- fensive alliance in which France plays a leading part is now opposed in the European perspective to an- other defensive alliance in which the chief part la played by Italy. The
that
is fully admitted and in the dis-beg to inform you that the con- whole proceeding, suggests cussions proceeding it is recog-ference of representatives of the somehow two great nations have nised that owing to their two Chambers duly took place at suddenly fallen out of step in the secrecy and freedom from atmos- this office on November 24, when slow process of European construc- pheric interference, the cables I was requested by the meeting to tion."
have advantages in some respects notify your Chamber of what The "Times" characterises the over wireless from a strategic transpired. standpoint.
The newspapers anticipate that a Committee representative of the interests affected will review the whole question.-British Wire- less Service.
CLERK CHARGED.
ALLEGED THEFT OF GAS.
BAIL OF $500..
position reached as the result of a All the delegates appointed by the two Chambers were present. series of trivial incidents so as to The Hon. Mr. D. G. M. Bernard be simply absurd but that the risks | are so large as to suggest an Im- presided.
The attitude of It was explained by the dele-medlate remedy. gates of the Chinese Chamber the Yugo-Slavia Foreign Minister that it was desired, through the in keeping aloof from the extremist General Chamber of Commerce, element is approved by the "Times" to approach the banking institu- and M. Briand is dscribed as put- tions of the Colony asking if they ting the whole question in a new could see their way to granting perspective through his invitation somewhat easier facilities to mer to Mussolini to come to a frank un-- chants on the lines set forth inderstanding on Franco-Italian dif-;
ferences and his suggestion of 'a your letter of October 28.
this
In reply to this it was pointed meeting to clear up misunderstand- out on behalf of this Chamberings. that by publishing its letter the The newspaper adds that Chinese Chamber had already statesmanlike proposal is calculated The case in which a Portuguese fully acquainted bankers with to appeal to the most generous in- clerk employed by the Hong Kong their views and that it might be stincts of Mussolini, who absorbed, and China Gas Co., Ltd., is charg- taken for granted that, as far as as he has been of late, in the im ed with stealing gas by means of a possible, bankers would respond menac task of internal reconstruc- trick and of making false entries in to the appeal, although, in the tion, may welcome this opportunity the account books of his employers, was again before Mr. R. E. Lindsell nature of things, the extent of of making a fresh contribution to at the Central Magistracy this trading facilities granted must the general well-being of Europe depend on the circumstances of It cannot be forgotten that he is
morning.
Mr. R. A. Wadeson prosecuted on each particular case. This Cham-a signatory of the Locarno Treaty. behalf of the Gas Company and Mr. ber had every reason to believe The present apparent antagonism Leo d'Almada, sen. defended the (so far as the British and foreign may be turned to great profit if it accused.
banks are concerned, with which is used as a heaven-sent occasion such a
agree-
Asked by his Worship whether it is in closer touch than with for carrying through the case would take more than one Chinese banks) that, instead of thorough and far-reaching afternoon, Mr. Leo d'Almada caus- placing any hindrance in the way ment between France ant Italy as ed some fuughter in Court by reply of trade, the bankers are at shall reduce all recent unpleasant ing: "I really don't know how many special pains to do all they can to episodes to oblivion.-British Wire- witnesses my friend intends call- ing, but I shall subpoena at least a promote trade in these difficult less Service.
times when unsettled conditions dozen!"
in China inevitably restrict the free exchange of commodities and reduce the purchasing power of Mr. d'Almuda: Has your Worship the people. In short, the Com- a copy of the amended charge? 1mittee of this Chamber was dif- submit at this juncture that it infident of approaching the banks still insufcienly worded. Seven on the lines suggested, being con. years are involved, but there is no vinced that the banks need no ad- mention of the amount of gas that
Mr. Wadeson, intimated that he also would be calling a number of witnesses.
"LOCKED OUT.”
DEVELOPMENT IN LUMPER'S STRIKE.
21,000 MEN IDLE.
we are alleged to have stolen, Vice in the sense of doing all they They can measure gas in cubic feet. can to encourage trade, and being Mr. Lindsell: How on earth can conscious also that it was outside they know in this particular case? the province of the Chamber to
Sydney, Yesterday. Mr. d'Almada: They must if they suggest to bankers the lines on
Inter-State, and oversea trade is prefer a charge of false pretences, which they should deal with their | The same remark applies to the constituents a matter in which paralysed, 130 ships being tied up theft of gas.
at the various ports of Australia. they must act in accordance with His Worship agreed to note coun- their own judgment, having in Hundreds of waterside workers sel's objection, promising to give a view the interests of their share-arrived at the wharves this ruling on the point at the next hear-holders and dépositors.
morning and found themselves ing, which was fixed for Friday
"locked out.". morning next, the Magistrate allow-mitted that Chinese merchants be unemployed in New South
By way of rejoinder it was sub-
It is believed that 21,000 will Ing, bail in $500,
who, in recent times of stress wales, excluding 25,000 miners, have approached British bankers if the dispute extends. Reuter. for the first time, have not re-
ALLIED CONTROL.
ceived treatment as generous as could be wished. As to this, the Chairman of this Chamber under-
COMMISSION WITHDRAWING took to take up personally and they were in the fullest sympathy!
FROM VIENNA,
Rugby, Yesterday.
confidentially any cases of hard- with the efforts their Chamber has made in recent months to dis- ship of this kind of which parti-
cover some means of improving culars were supplied, and the re- the trade situation, and the Com In accordance with the decision of presentatives of the Chinese the Ambassadors' Conference, the Chamber undertook, if they could mittee as a whole desires me to organisation set up in Vienna for obtain the consent of the parties, the belief of this Chamber, how- give the same assurance. It is the liquidation of the military to furnish particulars in con- ever, that trade in Hong Kong is clauses of the Treaty of Saint Ger- fidence... main will be withdrawn on January 21.
the terms of the Peace Treaties.
It was felt by this Chamber bound to be adversely affected that a general statement that whilst the Colony's principal mar- This is the last of several inter- business was handicapped by the ket is disorganised by civil strife Allied commissions of control eatab attitude of the banks was not and that Hong Kong merchants ifahed in ex-enemy countries under enough, and that actual instances will unfortunately find it neces
must be given of loss of trade due sary to adapt themselves to con- The commission supervising this to unreasonable refusal to grant ditions of restricted trade until work in Germany completed its financial facilities before the the general situation improves, work in January, and similar or-General Chamber of Commerce I have been specially requested ganisations in Bulgaria and Hun- could profitably take up the mat- by the delegates from the Cham- gary have since been withdrawn. ter. It was agreed to postpone ber to express to Mr. Li Yau-taun British Wireless Service,
to another occasion the question and his colleagues at the meeting raised in the last paragraph of their high appreciation of the in- your letter referring to the effect teresting discussion which took of the high cost of labour on place, and to express the hope that it will be the forerunner of trade.
The representatives of this many others in furtherance of Chamber assured the representa- our common interests. tives of the Chinese Chamber that
(Continued at foot of rext
Column.)
SHANGHAI STRIKES.
TRAMWAY SERVICE NOW RESTRICTED.
Shanghai, Yesterday. There is: a restricted service of 18 trams, out of a normal.. 185 running "to-day. Each tram driver is guarded by two Chinese police. No railless trams are running. -Reuter.
-TO-DAY'S DOLLAR. The closing rate of the dollar, on demand, to-day was 2/05/16.
I am forwarding a copy of your letter dated October 28 and of this letter to the Exchange Bank- ers Association for the informa- tion of the Exchange Banks. I am, dear Sir,
Yours faithfully,
(Sgd.) M. F. Key,
Secretary.
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