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ESTABLEREED
HONG KONG,
SHARE MARKET
WEEKLY REFLECTIONS AND NOTES
STIMULUS FROM SHANGHAI
My Dear Algy,
I feel I have been remiss in not
1845
SATURDAY, SEPTEMBER 14, 1929.
SOVIET DAMAGE
RUSSIA TO RE HELD RESPONSIBLE
TREATMENT OF CHINESE
Nanking. Yesterday.
NATIONAL REVENUE
PROHIBITION OF OPIUM AND GAMBLING
ADMINISTRATIVE COSTS
Canton, Yesterday.
The Foreign Minister. Dr. G T. According to a Nanking radio Wang. has cabled Chiang Tso-ping dated the 12th, General Chan at Geneva instructions to notify the Ming-shu presented his report on Soviet through the German Foreign the political and financial affairs Office that the National Government of the Kwangtung Provincial Gov- will hold the Soviet responsible for ernment. before the Central Poli- the loss of lives and damage to pro-tical Council, and also submitted herty in the border districts of several questions for discussion, Manchuria suffered by Chinese in viz:
was
writing to you earlier regarding your share investments. The only excuse I can offer is that since the Boycott Ice House Street has been looking desolate, 80 unlike the animated scenes of yore. However, one ne morning, not so long ago, read a long leader in a local paper in which the Editor was profuse in consequence of Soviet troops' bom- The Central Government his fulminations on share gambling. bardments, and also to point out to lasked to define the division between This convinced me that Ice House the Soviet the futility of its pro- Provincial and National revenues Street belled its appearance, and paganda concerning the alleged for its administrative expenditure, maltreatment of Soviet subjects in while it will proclaim the prohibi- thinking of you and your invest China, inasmuch as the Powers tion of opium and gambling within ments I besought the counsel of the
diplomatic representatives them the present year. Napoleons of Finance. I found.
The Central Government should so interesting that I have decided to selves were eye witnesses of the ab-
solute liberty and effective protec- redeem the Domestic Bonds which minple aftener with them, so that Ition enjoyed by Soviet subjects in it had issued in Kwangtung pro- can write to you weekly before you China since the beginning of the vince. If it could not do serat pre- complain of my neglect.
imbroglio.
sent, it should recall them by ex- Business in local stocks is being stimulated to a certain extent by the boom in Shanghai, which has enabled so many local residents to part with their holdings especially in Ewos at lucrative prices. Most of the money realised in this way Soviet agitators and suspects have A request was mode for examina- is being invested in Hong Kong been taken into custody in order to tion of the regulations governing shares, such as Electrics, Lands, prevent them upsetting peace and the "Hainan leland Special Poli- Hotels, Cements, Ropes, Providents order.
Whereas, practically all tical Committee." and Steamboats. Consequently all Chinese nationals in Soviet Russia Mr. Fan Ki-ma, the Commis- of these are firmer with
have been arrested and subjected to sioner of Finance, reported an an- prospect of further improvement. much suffering and maltreatment, nual deficit in the Provincial I am sure you will be interested Those confined in Soviet concentra. Treasury amounting to over $10,- to learn that Electries were by far tion camps in Siberia are being 000,000, together with a scheme to the most popular stock in the mar-treated similarly to the Russian remedy this shortage.
every
It is stated that all Soviet sub-change of new bonds. jects throughout China proper have The local authorities should be been and still are absolutely free, given the power to exercise super- enjoying peace protection from the vision over offices established by National Government except in the Central Government in their Manchuria, where number of jurisdiction.
ket during the past week-in fact exiles in the Czarist regime.- ever since the attempted amalgama- Reuter.
tion with China Lights fell through. This stock appears to be attracting more interest daily and it is not surprising therefore that buyers are not lacking for all deliveries, at constantly enhanced prices. Glanc- over the Company's balance sheets for the last two or three years one is soon convinced of its enviable position. There is perhaps another reason, too for its populari- ty but I shall tell you more about it in my next tetter lest you get
ing
bored.
A
DR. C. T. WANG
GOVERNMENT ACCEPTS
RESIGNATION
HIS SUCCESSOR
General Tang Yin-wa, the Com- missioner of Public Reconstruction, submitted
a proposal that the Kwangtung Provincial Treasury be ordered to pay the amount as ap- proved in the 15th Year Budget for reconstruction purpose.
President Chiang Kai-shek de clared that gambling and opium smoking must be prohibited, and that National Bonda should be re- deemed by the Central Government. Resolutions on these two points
Canton, Yesterday. Shanghai cable yesterday reported the resignation of Dr. C. T. were passed, while the other ques Wang, the Foreign Minister, which tions were handed over to the the National Government proposed respective departments for examina- to accept, appointing Minister tion.-Canton News Agency. Alfred Sze as his successor.
The same cable also mentioned
CHINESE D.O.R.A.
LAWS
Algy, I really cannot help joining in the profound regret, which is now so general, that the two Electric that Admiral Yang Shu-chaung, Companies could not see eye to eye Minister of the Navy, proposed to in the matter of amalgamation, resign in a week's time after seeing HAWKERS OFFEND REVENUE Personally I am convinced that the Chiang Kai-shek while recommend- Kowloon concern would have ing Admiral Sah Cheng-ping to be! benefited enormously by amal- his successor. Admiral Yang's gamation, not to mention the ground for resignation is that hel patient residents of the Pen- wishes to devote his entire attention The insula who have been so long as Chairman of Fukien Province to looking forward to a reduction in the suppression of bandits-Canton the price of current. Before long a News Agency. hue and cry is bound to be raised
| against its charges and realising that it does not enjoy a franchise
TO GO ABROAD
many holders have been parting with MR, Y. L. TONG TO ACCOMPANY
their shares which are new on offer
at $122. On the other hand, I am told that the Company has had a wonderful year and intends paying an increased dividend as well as
FENG
SHANSI DISEANDMENT
Peking. Yesterday.
CIGARETTE STAMPS
Canton, Yesterday. stalls selling cigarelles and cobacco on the French and British bridges between Shameen and the city. have not always stuck revenue stamps on the packages, or if they did, they would use old stamps instead. This irregularity was reported by the of Foreign Affairs, with the request Tobacco Revenue Office to the Bureau
that the latter should take up the matter with the Shameen authorities to order the hawkers to comply with the tax regulations.
Nothing was done by the Shameen people until Mr. Leeshing L. H. Tao took over the office of Provincial For-
the request of the Tobacco Revenue
issue a further 200,000 shares at Mr. Y. L. Tong, Vice Foreign par and thus bring its capital to Minister, returned here after his $5,000,000, as against a paid up trip to see Marshal Feng Yu-hsiang eign Affairs. Mr. Tao, acting upon capital of $2,200,000 before the at Chintse. Mr. Tong declared office, resumed acgotiation with the Boycott.
that Feng Yu-hsiang is now ready Shameen authorities, which resulted in My bed is now calling, and I must to go abroad and is only waiting the Shameen police officers being order- defer giving you the news on some for Marshal Yen Hsi-shan to com-ed to see that the hawkers follow the of the other stocka till next week. plete arrangements for the Shansi regulations of the Revenue Office or In the meantime my best wishes to disbandment so that he will be able otherwise lose their licences. you and yours,
Yours, etc.,
BILLY BULL
to accompany Feng.-Reuter.
Mr. Eric Macfadyen, a director of Harrisons and Crosfield, Ltd., is
To ensure the carrying out of the above matter, the Foreign Affairs Bureau and the Tobacco Revenue Office each sent a representative to- gether on September 11 to go with a French Consular official on Shameen to
Mr. A. T. Knight, acting Deputy expected to pay a visit to Malaya Traffic Manager, F.M.S. Rail-this automa, arriving early in inspect the stalls, in order to see whe ways, is in the European Hospital, October and remaining for Kuala Lumpur.
six weeks.
TO-DAY ONLY
Daily at 2.30, 5.20, 7.15 & 9.16 p.m.
SPECIAL PRESENTATION OF THE FAMOUS
FRENCH WAR FILM.
THE
BATTLES
OF
VERDUN
some ther the cigarette packages have been posted with the recessary revenue stamps.
The picture gives a true and graphic account of the famous battles together with many vivid scenes of the evacuation and bombardment of Verdun.
TUESDAY,
SEPTEMBER
17.
Swatow, Amoy and Foochow Japan
Hai Ching Mirzapore
Pp.m. Empress of France $.890 y.mi
·AT:
THE
Superscribed correspondence only
Nathan Mad Road
Kowloom.
MAJESTIC
Tax Changes" The Kwangtung Duty Readjust- ment Committee held its ninth session on September 11, at 6 p.m. The fol lowing proposals were brought up for decision:
Amekment of the bullock slaughter and hide tax regulations... After dis- -cussion, further amendments deemed necessary.
were
Regulations governing the silk main- benance tax. Owing to the' import- ance of the question, further discussion was "postponed.
the
Canecllution of the cocoon tax. The proposal was unanimously passed, but date of cancellation will be an- nounced later Canton News Agency.
BRITAIN & SOVIET
CONVERSATIONS TO BE RESUMED
INVITATION ACCEPTED
Moscow, Yesterday. The Soviet Government has accepted Britain's invitation to resume conversations on procedure, and is sending a representative to London-Reuf y
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