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[1971
NEW TRADE CONDITION IN
SOUTH CHINA,
THE COMPRADORE SYSTEM
An interesting feature of the Imperial and Foreign Trado Supplement of The Timea is a further instalment of Profe sor Middleton Smith's review of the
In the presont issue Frofessor Middleton Smith discusses the compradore system.
There is a cry that the day of the com- predoro is over.
Language schools are starting, firma are encouraging their young men to study Chincee. This idea is that the middleman" or comprades will disappear. It remains to be so if he will
FORTUGAL'S PRESIDENT.
A TALK WITH SIDONIO PAES
[BY FILSON YOUNG.]
To-day in the once royal palneo ef Belem I was aware of a breath of what my very well be one of the inspiring und guiding influences 38 Europe after the
an
account
1918.
SMALL-VALUE PAPER CUR RENOY IN FAR EAST Mr. George E. Anderson, the U.S. U.S. Consul-General for Hongkong hints out that with a inonetary circula tion in silver or in paper currency based upon "silver, Hongkong and its South
CANTON NEWS.
[BY GOURTESY OF THE ** CHUNG NGOY
fa
CANTON, fay 14th,
tuE CRINA KANK
The business of the China Bank in Canton was suddenly suspended and the
appointed by the Peking Government is said to have disappeared. The local authorities at the merchants' request, have appointed a new director and the.
position of British trade with Chinawar in the shape of Senhor Sidon China business field are baving less local bank was closed yesterday. Tho director: Pacs, the self-appointed and already currency than countries in the Far East trouble at the present time with their idolised President of the Portuguese Rowhose money is based upou gold. After public. I have sent by mail of the circumstances in which he rose to of large quantities of subsidiary coins to all the ups and downs and the retirement power To-day I wish to write of the place Hongkong's currency on an equality man himself while the impression left by with its various elements, the present an hour's talk with him is still fresh in Deneeful course of its monetary affairs my mind. Let us begin by saying what
seems remarkable Senhor Sidonio Paos is not. He is not It is of interest to contrast the conduct of the war, nor a politician, nor a Napoleon, nor a materialist, nor a pra- pradore with his son. Many years ago the writer lectured in the University of lover of the daylight and a believer in a lover of the limelight Rather he is Birmingham, The man who could not
摄
speaks
bank re-opened to day. ARREST OF A MINISTER
who left Canton about a week ago, baa It is reported that Dr. Sun Yat-sen,
not yet returned and his whereabouts are
PEOPLES' ARMY DISUANDED- unknown.
The Minister of War to the Military Bulution in the colony substantially on a
At present subsidiary coins are in eir. Government has been arrested, and other renson of the prohibition of the export in the Military Government are greatly par with the standard silver deflur. By ministers and supporters of Sun Yat-sen of silver from the colony, the Hongkong alarmed. Several have announced their paper dollar is in eirculation at a dis sign his name, but who had made a for its sanative influence on the dark ways count compared with silver in the South resignations, tune out of brass castings or steel steel of political intrigue. He did not so much China Provinces, but this is due to the un. SUN YAT-SEN
size, an opportunity as make and pre- stampings, or some other trade in metals, pare one. He is not a strong silunt pin fact that so long as the export of silver had a son at the local university who was he is a strong, quiet man, a very dif-vertible into the silver it represents ex dis prohibited the paper dollar is not con- learning science, playing cricket and erent thing Speech with him is taking a part in debates on the emancipa tion of women, Tho son and the father utterance of thoughts long pondered and the value of slangkong and South China cept in Hongkong. In a general way matured in his brain, and when be same with the compradore of South China tion that he addresses his words, but to various elements remain in the same rela- walo utterly different types. It is the in public it is not to passion and ambi-currency in gold goes up and down with the course of the silver market, but jus and his son. The father had that shrowd
the mind, the heart, and, above all, tion to each other, and there has been no commonsense, that keen business acumen, that instinct for making money, which
the imagination. is in the blood of every Cantonese, But he had no knowledge of the world beyond his own country and Hongkong. His one great piece of learning was the Bas lish language. He acquired that know ledge slowly and by dint of great porn veraneo. His son has travelled in Ame- rica or Europe, and is proabbly a youth with a University degree. He may be studying economics, engineering, or thedi. cino at the local university. He has an altogether different training from that of his father. And he has all the advantages of the wealth which his father has cumulated, which as father he w
These young men will start, and have indeed founded, businesses of their own They will want to tablish agencies with
from Europe and America. They
any
Over 2,000 of the People's Army," who In his speech here three days ago, on trouble with the hoarding of silver cain bis return from a journey through the country, he warned his hearers against
sort
were about to be despatched to Canton, CURRENCY: DIFFICULTIES IN OTHER believing that the happier state of affairs
were disbanded yesterday. The Tuchun for which they longed could come about had great diffenity by reason of the fact various places to disband such armies, COUNTRIES has sent, orders to the local authorities in Other countries in the by a miracle or by the doings of one man that the high price of silver has carried
Far East
have or even by a revolution. Every single the value of their subsidiary and other which are said to be about to enter must work as if he were alone, as if silver coins higher than the gold value of Canton to fight for the Military Govern- one of us must work for it,"
" he said: on him alone the issue depended. these coins. The result has been that even viously of great self-restraint. He does ed from circulation, either being melted He is a man of much reserve and ob where there has been a prohibition of the not reveal himself readily. Yet after an
export of such coins they have disappear hour's talk of brisk endeavour on the for sale as bullion or for use in the arts part of two minds to discern one another or simply hoarded. The situation has tain peace and order.
become to embarrassing that ull both the veil of a langunge foreign to
gold- on my side was accompanied by an un-
we parted with a hand clasp which standard countries in the East have been BUNAN AFFAIRS,
compelled to adopt paper currency for familiar emotion that aroused by the
ment.
have recently arrived in Canton to main- Several regiments of Sur Hing troups
Commander Tam Homing reports that
European firms; they will import direct sense that one has discovered in the flesh diary circulation. In the Pre by s troops are approaching very near to
pines paper currency has been issued tho
National Bank in at the Buine time, profoundly into a living embodiment of some at leas
the civic ideals towards which one's mind.
denominate the industrial development of Chineinid much discouragement continues to gold) to the amount of P1,000,000 join them, they will commence to attack of 50 centavos (30.23 US Chaugh and, as soon as other troops They
will persuade their own countrymen
papiro,
es (8500,000 gold), in two issues of P.600,000 the capital. that there is money to be made by develop- pire Sidonio Paes is an intellectual and sach, and the Government of the island message from Changsha states that. ing the mines and the vast natural re at the same time eminently practical. A territory is seeking an appropriation for sources of the country. Even if they are hater, I should say, of brute force, he the establishment of a mint and authority Southern troops are preasing Changsha now trained angineers, they realise the used force aude,
to issue small denomination notes on its and the situation is very serious advantages of machinery. They ride in
honk are secured by deposits of gold coin mvn account. mator cars, they travel as first-clase pas
with the territorial Government, evacuate the capital and will retreat to
The notes issued by the Northern
rthern troops are preparing to sengers on the ocean liners. They read newspapers which are printed in English the old-fashioned ideas of their elders They bind it difficult to tolerate some of
Ao Chow, as Changsha is not suited to They are missionaries of modern trade
defensive measures.
and commETCO,
GERMAN INTRIGUES IN CHINA
WIRELESS TELEGRAPHY.
the harsher injustices
EK HEMOULDING A NATION,
would be most usefully and least violently employed for the securing of peaceful and beneficont ends. Tho touch of violence having achieved its purpose, het is generally understood that the delay in using firm rule as a foundation amount of silver in Philippine coins 10 substituted for it Grmness; and made Philipping Legislature during its current for an immediate relaxation of some of the metal placed in corresponding coins session will pass legislation reducing the country was suffering from which the of the United States. This will find to He by no means under estimates the reduce embarrassment in the future from
HATRED OF GERMANY. as before him, for before Portugal an extraordinary rises in the value of silver. be happy or truly prosperous the people in denominations of 50 20, and 10 sen
In Japan paper currency is being used BISHOP OF HEREFORD'S PLEA. must be cured of the vice of regarding The Government of the Straits Settle. politics as a sport
The Bishop of Hereford, preaching at ments, where fixed exchange for silver. In a letter from the Peking Correspond. It is the whole habit of mind that currency is in operation, has also been St John's Westminster, recently, re- ent of The Times be remarks that if the has to be changed. The thought of the compelled to issue paper currency in ferred to a book which carried on its extent and significance of German in-country, the spirit of the country, must enominations of 10 cents and 25 ernis
be given a new direction. It is a formid United States gold,
local entrency or about $0.055 and 80.135 cover a commendation from an ex-Prime trigue in Chine have been somewhat able thing to attempt, but it is the only A considerable number of
Minister. exaggerated, the trail of the serpent 1 In these words, uttered with intense con of the Province of Iwangai in China to and foulness of Germany, and called It was called Degenerate thing which it
small-value 15 any use to atctmpt notes, has been issued by the Government Germany, and dealt with the iniquities continually being detected. He gives two viction, the President showed that he was examples:
Some time ago a Mr. Sophus Larsen, ser about making a new and happier provincial China and also as a matter inspired by the only spirit in which to meet the shortage of silver felt all over
upon a Danish subject, signed loan agree world after the war. It is no use patch of loan. The notes are bought and sold doors of their churches and their altars, ment with the Chinese Minister of the ing up old things you must make prople silver certificates in Hongkong by Father, Torgive them not, they know Navy for some £500,000, proceeds to be care for, wish for, work for, make sacri
money changers at a discount of about spent on installation of wireless teleficos for-quite different things from those per cent. They represent a partial what they do." "I then chose my text, graphy in China. Mr. Larsen learn which were the lede stars of the epoch now effort of the authorities to replace silver said the bishop, which has been co in- the business of wireless telegraphy in so violently ending And Sidonio Pas enrrency cat to Shenghai at the begin- Germany, and afterwards represented is, I think, the urat man in power to nine of the movement of silver abroid famously parodied. I must make sure as Siemens d'huckert Werke agent for the rive expression to a bold determination and for investment in gold securities and far as my influence is concerned that hai While there he sold a quantity of spiritual change. It is for that reason The dearth of silver and copper manes was said, and shall not plaer on God's Telefunken Wireless Company in Shanz task for and secure in his people this for speculation
Christian people shall remember what Celefunken plant to the Chinese Govern that I think if he gets his way Portugai ment, and installed on land and in ay yet be a model not only for Republics upon trade Transactions of all kinds word como moral gloss of their own
in South China is having a marked effect but also fer all communities that have He also acted as an instructor in the fisted the hitter results of purely in imports and exports are greatly in design to change a definite authority into echool of telegraphy at the capital
acterial philosophy &
Teded. while the grat mass of people When the war broke out his business of egin at the beginning, with guns export of silver and copper currency from tion that belong to the attitude of remember, Sidonio Paes had to situation grows out of the wholesale then referred to the measure of justifica- are feeling the lack of coin most keenly formula of human hate. The bishop fixing up Telefunken material came to an end, and he returned to Europe. Lasthan in his discouragement of a purely South China to meet the demand for mind towards Germany, and which might
In nothing is his restraint better shown
metals abroad. The large movement of make Christian people tolerant of the The tendency of npproached the Board of Communications the people 18 to make
silver to Shanghai and Hongkong during
Chinese warships some 50 wireless setu..
AS EFFECT ON TRADE.
Christian nations to write upon the
year he returned, and in the summer personal populantidel of him, but the past year has not been counteracted hocking impiety of such words. There
with proposals relative to wireless. The ho holds them off with both hands. by any return of the metal to the Pro was no doubt infamous treachery which Board declined to deal with him, where two tours of the country, north and south, vances whence it came even after it has and the German naval warfare was upon, he addressed himself to the Board were made for the purpose of meeting been returned to China from abroad foal record of wanton crime. The Chris had disgraced Germany during the war, of Marine, and had immediate success with the people and, perhaps, testing the In August he signed the agreement re strength of their loyalty to him. He was remain considerably below the parity urban character, he said, was not that of
Exchange in Hongkong continues to ferred to. The contract is understood rapturously received everywhere. As bo not to stipulate the origin of money or said to me. There seems to be an electric corresponding value of silver. There is the anemic pacifist who stood by inert at machinery, but Larsen's affiliations ren circuit through the country. And. a premium on gold win over paper car the wrong by the German, but the felt it myself as 1rency representing of about 25 per chivnirous knight draws sword Jened him suapeet, and the British and arrived in Lisbon, elf as soon, SE1 money 900 in American gold coin for the oppressed and the punishment Chinese Government immediate cancella-like the spring, a tonic spirit abroad that will buy about 8125 in American paper the oppressor. As to the statement that was instantly refreshing. But that pur currency. This, however, is distinctly ignorance could not excuse Germany, he tion of the contract. As the transaction and pose accomplished, the President removes a premium on gold, not a discount of preferred to remember there were co- not been recorded in the Danish Lega himself from the public eyes and gives no paper for the value of paper currency vincing reasons why we should regret Büch tion, or passed through the Waichiaopu further opportunity for mere applause is on a level with bank exchange for gold. a conclusion, and not add to the horror (Foreign Office), us required, it was fle is calous of it, jealous because hemodity by importation accounts for the was horrible to believe that 80,000,000 The inability to secure gold és a com that had disgraced German warfare. It plainly irregular. The request was a wants to turn people's thoughts from mediately complied with Mr. Larsen himself to the thing he stands for.
difference nstensibly represented Larsen & Co., desires not to be priest, but minister.
He
so is, endowed with gifts, were to he supposedly Dutch firm. In reality his HIS IDEAL CONSTITUTION,
reckoned inherently vicious and malene, and were to be excommunicated. He be backers were the German Government. It can do nothing," he says, f unless moustache, and large, shining, brownlieved the same within the scope of our The object was the establishment of everyone in the country is my collabora eves et vide under a roomy forehend Lord's entreaty. The German people high-power wireless station in Peking, by for and he harps upon that--upon His war is grave, unsmiling, and wore not represented by the horrible mis means of which Germany, through the making every Portuguese subject an agent quiet, and when he is interested his eyes ties, but were miserably misled, and be contractor, could disseminate Kulter and in the reformation of Portuguese life glitter and seem to emit rather than to
creents who had organized those atroci its accessories, and institute a new le bas powerful allies. He told me, reflect light. His smile is all the more believed that it would be shown that the channel for the flow of valuable informa quite incidentally, that the women of the charming for its rarity, and when it German people would show stern repro tion. Larsen's contract involved the country had hitherto been against he comes is prompted by imagination rather bation of those outragen. The Bishop erection of six steel towers as high as the revolution, but were now solid for it than by humour, He smiles with pleasure all those atrocities were committed Eiffel Tower, over oft high, and of an in my dog-French,ous tener four!**
2018 tenez-lex femmer," Griad I, electrical plant in power sufficient to
sure, that is to say, rather than with during the French Revolution and there supply & large city. His vibrations
"C'est quelque chose ca," he murmured form of Geldgrey and sits to receive you nection with everything French, The musement. He dresses in a plain uni- was horror in the English mind in con- would easily reach Berliu white those of gieditatively with his slow smile. Berlin would reach him
A Constitution on the lines of the with pen or payer or fidget in any way. outer world. They were oppressed with at a writing table. But he does not play forman people were cut off from the U.S.A. is his ideal for Portugal, but whether he is listening or speaking he hunger and were filled, with lying legends as he says no mere elaboration of the sits perfectly still. In this stillness, of their governors, and could they rés Constitution will avail unless the mind free from the eloquent gesture of the or-sonably treat them as normal or sanet of the people and their attitude towards dinary Latin, is expressed the firm reWas it not mere justice to regard them the State can be altered with it. I asked him few direct questions and be mare straint in which he holds himself and is as morally demented? Wo ought not to Upon the decrease in the value of the
few statements as to policy, but when he People, and it gives to his manner forget the virtues of Germany; the male-
curiously English quality an German mark, Le Journal writes: One did it was a statement
His real difficulty lies in the absence we denounced the Van Biseinen we must factors were in the minority and while mark was worth 1 frang 23 centimes in
tion
On the int
of besined men to carry out his pro 84 centimes in the middle of March, 1918 whole of Portugal's interests are bound se politics have not bred statesmen enthrone justice in the affairs of the ENDE. The last eight years of Porta pot forget the Liebknechts Peace must up with England" And he has given are without experience in government tween the nations. He prayed that it
There are plenty of enthusiasts, but they World, and re-establish good faith be ample proof of it, as every British and The intriguers among the Deinocrats are would secure the trial and punishment Allied resident here will tell you from certain to put up a aght against him, and of men who had organized and carried Ministers and merchants downwards, the plebisite which is to be taken next at the crimes of the war, for that would
In appearance Senhor Sidonio Paes line nese, a pointed chin, a trim grey slim young-looking man, with an aqui
(Continued at foot of uczt column)
THE MARK AS A POLITICAL BAROMETER
Switzerland, before the war and equalled a dato question he raid
As a result of the German offensive start ed in the latter part of last month, there was a rise to one franc, but a week later it fell and since has kept on falling. Now it is about 83 centimes. Is it not the best evidence that neutral countries are viewing events soundly and that in their eyes Germany is far from having won't
Mavaz
a
affairs, I hold that the
ย
may happen, and there is nothing for it tory without injury, and with interna- month will provide an ocenica for it. bo of inestimable value to the moral As in Spain, so in Portagal, anything health of mankind. There must be vie- but to await events-Daily Mail
tional goodwill,