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OUR LONDON LETTERS SENSATIONAL FROKIES IN THE WOOL TRADE.
[FROM OUR OWN CORRESPONDENS. J
LONDON, January 22nd. An extraordinary amount of interest has been aroused this week by disclosures at the Central, Profiteering Committee about the huge profits of manufacturers in the wool trade. Mr. MacKinder M.P.,, the well-known Yorkshire ware houseman, who is a member of the Com- mittee, declares that the profits are from 100 to 3,200 per cent ; and he has threaten ed that unless the Board of Trade pub-
FRIDAY. MARCH" 19cm, 1920,
AN IMPORTANT POINT,
One vitally important paint which has -been accepted, as, binding is the obliga
to refer disputes in fature to Wages Boards as soon as they arise, These Boards will be représentative of both employers and workers, and if they fail to reach a settlement the question will be taken before, a Central Wages Board. Should the Central Bcard be unable to settle the dispute it will go to National Wages Board, which will also include representatives of the public. The men retain their right to strike, but they must not do so before one month has elapsed after they have subafitted their case to the National Board. Thus
JAPANESE SPINNING
·INDUSTRY IN CHINA.
BRITISH SOLIDARITY.
A FOREIGN OFFICE COMMITTEE. NEW ENTERPRISES
The question of the attitude to be Many of the spinning concerns which adopted towards British institutions were established in various parts of which tend to promote solidarity among China during the war have been placed in communities in foreign countries has been dire stmits and are unable to maintain engaging the attention of the Foreign their business or in some cases evert to Office for some time. It is clearly incen- start business owing to the financial and venient to deal with each case separately.. economic situation in China following the and it would it is recognised, be pre- termination of the war.
The unfavourable economic situation, which has affected various lines of indur try and commerce in China made the Camese Government resort to an incrona in her Customs tariff last year for the
lishes the figures in detail ho will stomp" thers cannot be any lightning strike" urpose et protecting the interests of
ferable to agred upon some-common.policy which embraces all fareiga countries. With a view to deciding on sono such Affairs has appointed a committee to policy, the Secretary of State for Foreign advise him on this matter. Sir Charles Eliot, K.C.M.G., C.B., his Majesty's Am bassador-designate to Japan, has accepted the following gentlemen have consented to serve as members:
the country and make known the whole auch as we had last September, which Chinese cotton spinning and other indus- the chairmanship of the committee, and scandalous truth himself. It is to be
came upon the country like a thief in the noted that the figures are taken from night, before anybody had an inkling that accounts supplied by the spinners them-serious trouble was brewing, and also selves, and there is, therefore, no reason before it was possible to learn what the
to doubt their accuracy.
mere
-trouble was about.
RICHET DIPLOMACY."""
tries The customs tarit increase which resulted is a comparatively heavier duty on Japanese cotton yarn and cotton cloth, and the limitation of the export of cotton Jar and cotton cloth by the past Government since Inst autumn have hurt the intersts of Japanese spinning co ceras which had been doing a very re.
Chinese markets.
Sir John Tilley, K.O.M.C., Assistant Ender-Secretary of the Foreign Office, Sir Maurice de Bunsen, B. G.C.M.G.. G.C.V.O., G.B., late his Majesty's Am-
Vionas, and a dinctor bassador at
of the British Hank of South America But for the time being the Board of
Levant Company, Ltd., and San Paulo Sir Frade refuses to publish the report. Sir
Denison Ross, C.1.E., director of the Sir Auckland Geddes takes refuge in what
This led to the growth of spinning enter
Oriental Studies, London School of is condemned by many newspapera as a
prises conducted by Japanese business men William Beveridge, K.G.B.. Director of legal quibble, that publication
and several lending apinning concerns the London School of Economics, Sir which have been doing a large business in Frederick Butler, K.C.M.G., CB., Dire would lay the Department open to legal
China started spinning mills in various tor of the Oversons Division of be Depart proceedings because the information, was
parts of China and the few concerns which ment of Overseas Trade, Captain George Bowyer, M.Q, M.P. for Buckingham, obtained from the trade by the Committes
had previously established factories in in confidence. However, feeling is somarily rejected.
China are going to establish more facMr. Irvine C. Geddes, a director of Andersch, Green & Co., Ltd, Inter-Allied strong on the subject that, proceedings Here was a matter of supreme import- The latest establishment is the Godo Trade and Banking Corporation. Ltd. or otherwise, the public will have to learn ance to millions of people, closely affect Spinning Company, capitalized at 13 the Orient Underwriting Fund, Ltd..
million yen, which is quite a new enter business mei ing the welfare and prosperity of the princ. The promoters are all prominent by Chamber of Commerce, Mr. R. T
A fact worth noting about the railwayunerative and extensive business (Brazilian) Railway Company, Ltd. negotiations is the impenetrable veil. of sacrecy which shrouded them from first to last. The Trade Union representatives never allowed a word to escape as to the nature of the new terms offered by the Government, or why the scheme was sum
torics.
The Toyo and Nisshin spinning.con cerns are both planning an extension their factories in China. Besides these,
the facts.
There is nobody in the whole country whole nation, yet we have a junta of unaffected by the present high cost of all Trade Union officials sitting, in conclave classes of goods into the manufacture of which wool enters. Prices are from four and making up their minds whether they to eight times what they were before the will or will not call a railway strike that negotiations for the purchase of the spin- war, and despite this the quality is poormust, if declared, inflict incalculabie lossning factories established by Chinese in The public have long known that they and injury upon the whole country. A pu various parts of that country are going were being Beeced, though not to the ex-parently the last thing to be thought of
ou between Chinese and Japanesa spin- ten taat now appears, and it is only was whether the public, might desire toning concerns, the negotiations having natural that there as a about of execra have a say in the matter. tion, and a demand for signal panish- We used to hear a great deal about already concluded satisfactorily in the ment at those proved to be guilty of out-secret diplomacy, and the leaders of case of the Kogen spinning factory and rageous profiteering.
WHAT THE SPINNERS SAY.
Icremost in
ten other factories.
In the event of these fresh enterprises being successfully floated and the new purchased by factories established or Japanese concerns starting operations the Japanese spinuing industry in China is sure to develop greatly.
the Labour Party were denouncing it as the prime cause of in ternational misunderstanding which often led so war; but not even Bismarck in the bey-day of his power showed more com- picte indifference to popular sentiment or opinion than our latter day Trade Union officials when it serves their pur pose. What has just happened is a good illustration of the way circumstances can alter cases. It also illustrates the wisdom OPIUM SMUGGLING IN CHINA of giving presentatives of the public n place on the National Wages Board above referred to
BY SOLDIERS. ·
A TALE OF WOE.
Arthur Afton, C.B.E., chairman of the Nugens, director of the Federation of British Industries, Mr. T. D. Dunlop, of his Majesty's Consular Service," Mr. Follett Holt, a director of Entre Rios Railways Company, Ltd., (chairman) In- ternational Light and Power Company, Ltd., (president) Pernambuco Tramways and Power Company, Ltd., (chairman) Central Uruguay Railway Railway Com- pany of Monte Video, Ltd. Cordoba. Central Railway Company, Ltd., John shire Fire Insurance Company, Ltd., Shields & Co. Ltd., London and Lanca London and River Plate Bank, Ltd., Sec- retary, Captain W. M. Codrington, M.C., Foreign Office.
OVERHEARD!
"LOOK ON THIS PICTURE.
A to B. (who has just returned from a nine-months holiday at Home)-Hullo, old bean, and what sort of a time did you have at home?"
The defence set up by the spinners docs not carry conviction to the minds of the public nere; and I do not imagine that It will convince your renderar either. Their plea is in effect that they are the unwilling victims of circumstances. Buyers from overseas have gone to them demanding the best qualities of wool, and prepared to pay any price that was asked. Hoping to get rid of such undesirable people the manufacturers" asked fabulous prices, and greatly to their regret the
BI had a great time. Never ex- foreigners actitally paid with eagerness
petted to enjoy myself as much as I did.. And, cf course, as the goods fetched such Although the official arrangements for
Home is just the grandest place in the world just now, and I was really sorry astounding prices abroad, the poor, cf the Prince of Wales's tour to Australia splaners much against their with are not officially complete, the main lines
Everyone de an illustration of the extent to which that I had to come away."
A That's very strange. had 'to put prices up against their of his itinerary have been settled. Ha is
the
hous sail on H.M.S. Renoun about opium is arriving in Honan from Shensi else who and, in addition, sell the expected fellow-citizens,
just returned from England latter inferior stal. That is the explan the middle of March, and after calling the following may be of interest Whilst has a vastly different tale to tell. They tion that is gived but as I say it does at one of the British possessions in the at Kwanyingtang in Tai Hua's com- say that food is dear, houses impossible not impress the public.
West Indies will cross to the Pacific pound, a short time ago I saw a private to get, goal is worth its weight in gold. through the Panama Canal. The Atlan-soldier lounging about looking rather and that, tie Squadron will escort him to Mexico, glum. I asked what was wrong with him place to
THE PRINCE'S TOUR.
A correspondent writes to the In- ternational Anti-Opium Association as followy
especially as it is alleged that the Govern- and on the other side unita of the Pacific and was informed that he had been trying all change her, Home's not the best
Squadron will meet the Prince.
If Parliament were sitting there would
in. Even the climate haa te a fine fuss in the House of Commons,
Later to smuggle 2,000 ounces of opium through BThere are pessimists all the world ment are also guilty of profiteering them- selves.
It will be intereating to see how these will be relieved by ships of the to Kaifengfu, As he could not manage over, and that class is never satisfed. far this charge is supported by evidence. Australian and New Zealand navica,
At home, food is a thing of the past. As at present planned New Zealand the amount by himself he asked some or My experience is that the high cost of In the meantime it is common knowledge that the docks and warehouses are choke will be reached early in May; and after his friends to help him. They consented,
worth five shillings and must consider its the Government keeps a sure hold. Not the party will go on to Australia. The the 2,000 ounces. If an ordinary private buying value at 2s. 6d. no we used to do full of wool, on the distribution of which making a complete tour of both Islands but eventually made off with the whole of one must try to forget that the dollar is in the old days. It is true that houses only is this true, but the whole of this suite accompanying the Prince will be soldier can undertake to smuggle 2,000
in town take a little finding, but one can season's New Zealand clip has been pur- very much.. the same as that which went ounces it will require no stretch of in- chased on Government account. Way with him on the Canadian and American agination to estimate the amount the always get comfortable houses in the
Military officers and Civil officials are suburbs and in the country. then, it is demanded, should there be an tour.
They bring it in smuggling through.
care what other people say. artineial scarcity of wool in this country to-day?
their baggage, collins, concubines litters, very glad to be Home, again, I can tell Altogether it is a most unsatisfactory position of things. But it is bound to
carts, ete., and, no one dare question you have one effect.. It will help to hasten de-control. It will strengthen the de- mand which is becoming insistent that Government interference with trade nid industry should cease, that the numerous highly salaried Controllers with their regiments of understrappers should be country should be left in the hands of
:
MisEIONS AND EXCHANGE,
It
them"
TELL-TALE PHOTOGRAPH.
"Shall we Hetreat?" is the slogan of the Church Missionary Society which is appealing to the public for funds.
Ppears that the work will have to be cut down by at least one-third unless some The correspondent also sends a photo. thing like £375,000 can be found in nddi. graph showing a large tract of poppy in tion to the annual income of £354,000. bloom. It was taken in Shensi between The present difficulty is due to the ex- Tungkwaning and Sianfu where 10 per change. Where it cost 20s, to pay a cent of the country is said to be under
I do act I shall be
AND ON THAT."
C to D (who has returned to Hongkong after having spent at Home five months
of the nine months' leave be had obtained)
"Well, D.,
demobolised, and that the business of the native evangelical at work in. India, or 15 poppy. From the walls of Tungkwan the you ham's and what sort of a time did
business men.
11
THE RAILWAY HENTERMENT.
....
great
in
Taxation on land, under poppy Shepsi is said to amount to 818 per
mai.
"D"What &,vastly different place the pees, it now casts 358. and the public correspondent could see hundreds of acres England of to-day, as compared to the are further informed that at Shanghai of poppy, and it was mainly on account pre-war England! It is almost impos the present equivalent of a pre-war sun of the opium that he was not allowed to ible to live there now. Three weeks after of £500 is about £1,200.
proceed on his visit to Siantu. The I landed in England I was trying to get According to statements made at The importance of the railway settlement arrived at this week can scarcely the meeting held at the Queen's Hallow authorities did not want aay foreigner's about to come back by. It was minus
a struggle for existence after the easy There is also a good deal of anti-British life in Hongkong. It took me five days were concerned it was thought that the of several thousands in attendance, tens feeling in Shensi on account of British to find a room to live in, and if I tell you aggerated. So far as the general public nights ago, when there was an audience prying eyes around.
interference in this matter, he writes, what I paid you will postpone your holi- agreement reached following the strike of thousands of people, throughout the last September, when the men's Union East are waiting to be baptised, but un-
day for a few years. Many necessaries thought to impose their will upon the loss the additional money is forthcoming
they do in Hongkong; everything (abso- Government by direct, action," had dis native workers will have to be dismissed
of life cost just about three times what lutely everything) has gone up in price. posed of the dispute, at all events for some and missions closed down.
The problem before the C.M.B., is one
No, my boy, I don't want to go Home time. But the strike ended on the under standing that negotiations would be that other missionary societies have to
again for a good many years, and, wher face, too. But with all the heavy calls opened. These have been proceeding very
Somebody has remarked that the North. I do go, I shall make sure of my return quietly ever since. The Government made upon them now-a-days the public at home cliffe papers "keep their cars very close passage. Necessities in Hongkong are Tresh proposals containing several are not quite so ready as might otherwise material concession in addition to those bo the ease to subscribe to foreign mis to the ground," which is a rather cynical luxuries at Home. The war seems to have previously offered. A number of the sions The Church of England here is way of saying they have an extraordin- changed the whole world, but England is
the Labour Party comes into power one of grades into which railwaymen were class busy appealing for help for social work. sry perception of the trend of events. If changed most of all"
there fine days the Daily Mail and the journals associated with it will be able to claim, with a certain show of ing a Labour Ministry in Downing- son, that they had the honour of enthron-
street
hed for wages purposes were wiped out altogether, thereby simplifying the issue, and a general advance of a per week was conceded.
The Bishop of Chelmsford, for instance: is making for £500,000 for work in bis diocese alone. After months of effort however, and with the prestigo and sup- only-so-far-got about £20,000. part of a Mansion House meeting he has
the new one. As usual they acted on But the Union officials flatly rejected their own responsibility without consult INTELLIGENT ANTICIPATION.
when
the
THE LONDON FAIR.
parcel of old fogies, consisting of re Leipzig Fair at its best, tired Service officers, who were out of When the Crystal Palace was built it bank of the Bhat al-Arab which should
beez averted for the present. That a wage of £3 per week. They are the men next month, when the question that, if privately owned unearned incre
THE FUTURE OF BASRA.
Interviewed by a representative of the -Bairah Times, before leaving for India, Sir George MacMunn expressed his ing the rank and file. Their chief ob It is amusing to pole how the North- From what I heard at the Board of regret at leaving Iraq before he could jection was the retention of the sliding cliffe papers have taken the labour Trade & few days ago, this year's London see the Civil Administration, firmly estab acale with regard to rates of wages movement under their wing Under thin scale a man's wages rises and
fe Fair at the Crystal Palace will be the lished. He considered that the country weeks
and especially the Port of Basra, had a employes of most successful of the series which was falls within specified limits with Bluetua- the Army and Navy Stores came-out-on-most during the war. It is being great future, and forecasted growing tions in the cost of living, and the plan strike for more wages the Daily Mail put organised by the Department of Overseas prosperity and development under the was highly obnoxious to the
Trade, of which Sir Hamar Groenwood is guidance of the Civil Administration. It Accordingly, they threw back the Gonion down £10,000 to form a strike fund, and ment proposals, and it was quite on proceeded to belabour the directors as the bead, and it seems likely to rival the was essential that the authorities should andertake reclamation on the Tannumah the cards that the country would have to face another railway strike, supported touch with the modern world of business was, of course, on the occasion of the be developed into wharves for dealing in all probability by the transport work The strike collapsed as suddenly na it ers and the miners--the Industrial Triple began for the demands of the workers great International Exhibition, after the with, the trade that eventual railway com- Crimean War; but this year all the munication with Persiz through Abwaz Alliance.
were met. Thereupon the fast modestly goods will be of British make Foreign would no doubt bring about Enterprise Fortunately, at the eleventh hour, took all the credit for having won a ers will be welcomed but only for the in this direction, said Sir George Mac- settlement was reached this week after
great victory. a little give and take on each side. The row, the Pearl Assurance Company's purpose of being shown what we can be. Munn, should be undertaken officially, by danger of serious trouble in the railway, agents are out on strike for & minimfacturers will be huid furing the
the An-important conference of manu- some public authority it would Th
Fair renge the False of hand to such an extent world over wages and hours of labour has
who go round and collect sixpences at. nouncement has been engerly awaited by the door every week from Inboaring folks aga Travelling Fair, or
ment might devoire on individuals, which Circus, to visit every part of the the business world. The dread of They are hard-working and deserving Empire-will-he discussed.
If British wild not be in the interests of the atrike of railwaymen in the New Year, possible, and it had a paralysing, effect Mail is once more in the field as the champosal the Department of Overseas Trade the point of the future expansion of Basrz en enterprite. Basincas people held back pion of the oppressed, and is paying will organise it. If the ides takes shape, which would-be the gate for the exporta and determined to wait till this dispute £1,000 per week into the strike fund. was finally disposed of.
(Continued at foot of neat column.)
THE HING WAH PASTE MFG. CO., LTD. or in the Spring, had been regarded 4 perrons, and are clearly underpaid. The manufacturers agres to support the pro-whole-commmitt-He was emphatic on
CHEAD OFFICE: Hongkong, No. 47 & 48, Connaught Road Central, Tel. No. 2230.
RANCH OFFICE; Sbangbai, Now, 430 und 421, Nanking Road-
CTORIES: Hongkong, Wing Hing Street, Causeway Bay; and Shanghai, No, 71,
North Boochow Bowd,
I am assured Hongkong and Shanghai and imports of this country and of the. will be among the places to be visited. adjacent Persian provinces.