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ON SALE FRIDAY, APRIL
YOU
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stock of
ASIATIC, FOREIGN
COLONIAL
POSTAGE STA
HE CHINA MAIL, MARCH 15, 1987.
BRIGHT FUTURE FOR HONG KONG
SIR WILLIAM SHENTON'S ARTICLE
IN "ASIATIC REVIEW"
Speedy release from recent depression and a bright future for Hong Kong is confidently predicted by Sir William Shenton, writing. in the January number of the "Asiatic Review.” Sir William has been unofficial member of the Executive and Legislative Councils of the colony of Hong Kong since 1927.
IN UNDER A CENTURY HONG KONG HAS RISEN FROM A BARREN FEVER STRICKEN ROCK TO BE ONE OF THE GREATEST TRADING CENTRES IN THE FAR EAST AND THE FIFTH PORT IN THE WORLD. IT MIGHT WELL BE DESCRIB- ED, SIR WILLIAM SAYS “AS A MONUMENT TO BRITISH EN- TERPRISE AND CHINESE CO-OPERATION ”...-
113
6.
Looking to the future Sir Wil- of 10,000,000 Hong Kong dollars. liam lays great stress on Hong The building now compares favour- Kong's importance as aerial ably with any other buildings of Clapham Junction" for the meet-its kind in any part of the world. ing of the airplanes of Imperial
Stable Currency Airways, China National Aviation 5. The principal wharf and go- Corporation, and Pan American down company has recently in- Airways; on China's successful cur-ereased its pier accommodation for rency reform and stabilization of large ships and deepened the ap- the dollar, with which Hong Kong's proaches. currency is traditionally linked; House building generally is and on the unification of Canton largely on the increase. with Nanking which should enable 7. The currency position both in the latter to control the smuggling China and Hong Kong has recently that in recent years has done so been stabilized and put on a level much harm to trade in South China., where China can compete in the.
That China's tariffs are too high world markets.
8. The British Government will and all against her own interest, is obvious: hence in large part the with the export credit policy sub- smuggling. "But it is to be hoped stantially increase the trade be and there are already signs in this tween Great Britain and China. direction," says Sir William, "that 9. The great improvement in the position is largely a process of the good relations and general trial and error, and that in due commercial co-operation between course she will evolve a system both the British and Chinese in the for imports and exports to which colony, brought about by a much of each foreign trade will be able to attune better understanding
other's point of view and fostered itself."
by the liberal policy of the secon- dary schools and Hong Kong Uni- versity, point in the same direction
Attractive To Foreign Trade Dealing with the future of Hong Kong he says:-
ALLEGATIONS BY ACCUSED
That the Canton-Kowloon and "As a centre of commerce Hong
Canton-Hankow railways Tuust Kong will probably become more and more attractive to the foreign shortly be linked up Sir William trader; there the arm of the law Shenton considers certain: other- is sure and d certain, a contract wise Canton will see all the trade made can be enforced and the fa-from the area northwards: flow cilities for arbitration are ade away to the Yangtse. quate in all respects. As extrater- ritoriality disappears and as China brings into force increased or new commercial taxes and other imposi tions on trade, bringing in their train the inspection of books and other impediments so will the foreign merchant find his harbour of refuge in the colony and direct his operation from that centre acensed and that they were forced Merchandise can there be stored to make admissions of guit for unlimited periods to await a put forward by three men, propitious market at a cost cheap- Man, Chin Ping and Chan King- er than anywhere else in the Far kwong at the Criminal Sessions this
Dast
Grounds For Faith Summing up the whole Sir William gives the
his faith
Forced To Confess Guilt
Allegations that they were falsely
were
Chan
morning, when they were charged before the Chief Justice with rob situation, bing Kwong Kwat of a sum of $78. wing: The accused pleaded not guilty Hong and the following jurors were em- pannelled: Messza. 1. H. Lanson Government is now (Foremão), G. 4. Low, A. A. Lopes, new and much larger R. C. da Silva, A. A. Silva, G. Lee
and schools. It is about to and Lau Yuk-wan
a vast water scheme, largely Mr. E. H. Williams, “Assistant Af
sing the supply for the co-torney General, stated that the fir
kony.
in sets, single, packets,
bags-and-in
2 The Hankow-Canton
way has just been
to the port o
GRACA & CO.
laccused took Kwong Kwai
shop in Upper Lascar Bow Hoon, to purchase two
which must bring much new trade schines.
by
- 3. - Air traffic is just becoming a He
DEALERS IN POSTAGE STAMPg | reality fine colony
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