JOHN 1.

THE MONGKONG DAILY PRESS WEDNESDAY, SEPTEMBER 574, 192577

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FAR EAST IN PÄRLIAMENT PRESENT SINGAPORE DOCK'S

INCAPACITY.

A SHANGHAI ŠTOÙK EXCHANGE.

COUNSEL'S «ALLEGATION OF GIGANTIC SWINDLE.

BRITAIN AND CHINA'S RAILWAYSE

INTERESTS OF BONDHOLDERS.

THE ILL-FATED SHANGHAI STEAMER "MYLIE," THE MISSING FOREIGN OFFICERS.

FOUND.

In the House of Comtions of July 25th.

Mr. David Fraser, the well-known | BODY OF CHIEF ENGINEER OREEN. Mr. Angery (First Lord of the Admiralty), | A case of absorbing interest to victims Peking correspondent of The Times, has in answer to Viscount Curzon, said the of the stock and produce exchange bubble written as follows to the Peking Daily existing dock at Singapore would not take of some two years ago was excluded

All hope has now been given up for the two of the Rodacy class. (building), five before M. Mend (British Assessor) and

stramer Jylie (owned by Mr. Eric Mollers Sin-I have noticed during the past which was caught in a severe storm had Royal Sovereigns, two Renowne, hve Qurra Elizabeth (when bulged) sur Mont, and Magistrate Yui at the Mixed Court at few days that your paper in disponed to was inst seen drifting off the Saddles, No one Eagle. Damage expitat ship or Shanghai Plaintiff was Zih Yen Yue, e critical of the British in regard to the trace of the missing vessel has been found.. who claimed $15,140 from Wood Yup milway affairs, of China, and as an old Ding, a director of the Chartered Stock and regular reader of the Prking Daily Chine, the following foreign members Of the brew of five foreign officers and

aircraft carriers might draw up to 43 ft. The Admiralty could rot rely in far on

the dock whose maximum was 33 ft. taking and Produce Exchange (Shanghai), Ltd. | Jews, and as an admirer of its inde- | hare; it -ig feared lost their lives:

damaged capital ships or aircraft car- riers,

APPROVED BY IMPERIAL DEFENCE COMMITTEE.

allegvil to be a principal, in connection pendent and nationalistic spirit, I beg to with an alleged transaction between the oifer a few comments on the subject, parties over the sale of 100 shares in the I believe that it is quite wrong exchange.

Capt. H. Mays, Chief Officer J. R. Hudson, F.R.G.S., Chief Engineer. A. H.. Grven, Second Engineer J. Auld and Third, Eng Deer J. E. Morgan,

Preston appeared for plaintiff, and Mr. that the Lincheng Note makes such the Shanghai Urreury, is well-known not

Mc. R. G. McDonald and Mr. A. M.uppose that anybody British is trying to olitain control of 'China's railways, and

Of the above, Chief Officer Hudson, says J. Krisel for defendant.

demand. I understand that there is some only on the China Coast but throughout

Closing the eas for plaintiff, Mr.

Eastern waters and to increase the nubilite McDonakl said when one looked at the Proposal for ensuring that the reorganizu the Far East and olgewhere. He came into

whole case it was nothing more than one of the most gigantie swindles ever, perpe trated in Shanghai A large number of

Chinn to institute shall be regularly paid police which the Diplomatic Body "wish but that is quite different from demand

fawach expedition to the South Pole, in prominence at the time of the famous which he was a member of the crew, He

Mr. Baldwin, in reply to Mr. Lambert said the development of the naval base at Singapore was recommended by the Admiralty in order to enable mødern cap- ital ships to be docked and repaired in of the Vary generally. This recommend tion was endorsed, after exhaustive in quiry, by the Committee of Imperiale force and 1 by the Cabinet,

Mr. Lambert: May I take it that the Foreign Office was not curulled at all in they were probably connected directly or I am interested is this. Is it unnatural keenly interested in scientific geography. this matter?

Mr. Baldwin: I would not take that, indirectly with the exchange-had"devised that the British should be specially, inter-He is reported to be the inventor of it I do not know whether it was specifically a scheme for getting money aut of isople/ested in the railways of China considering deep sea Bounder, and an instrument consulte, but, of course, the Foreign in the interior, people who know nothing British capipal, as you spaveniently

that most of them have been built with known as the angle-meter, Born in the Office is represented in the Cabinet.

W

people-who they were no ati knew, but contro! However, the paint in which

had wea to se "for many years and wasTM

Capt. May in command of the Myfic,

Mr. Lambert: Did the Foreign Office about stock, exchange matters. A boom illustrate in your issue of this morning? Chaquel Islands 41 years ago." he was a anticipats any particular danger in these was started among people interestent in at the British Government did not supply graduate from HMS Coorg, and a

Mr. Bahlwin; Had that bein, the case shares which had no intrinsic value at all. ne doubt it would have been brought to They bought an one day and were then this capital. The bondholders are all typical British sailor.

private individuals, including mady my notice,

Sir A. Shirley Benn: Has the Primellowed to sell them at a proft a month

When they had done that simple people who have invested their formerly an offer in the British Minister's attention Leen drawn to a state. thereafter.

small savings in China in the belief that Navy. Chief Engineer Green and Third ment in the Press made by a leading they thought that they bail made a prost, the country, was sound and its Govern-Engineer Morgan are married and havu Japanese statesman in Tokyo to the effect They said to themselves. We have made

familie in Shanghai. this the building of the Singapore base.

ment honest." Such people 'depend upon.

The missing ship carried no wireless. if the British Empire isto look after its

large profit. We have bought such and such an amount, and we have sold the their dividends, and when they do not sand forward for the following month." It receive them they are greatly distressed. Had" she "done" "no," it is understood that was nothing but a repetition of the old-con- The cbfigation to protect the people distress signals sent to the Thig and Mr. Baldwin: I have not seen that, fidence trick. They bought, then they said at the rout of the British interest in the Lighter Company would have brought but it seems to me to be a very asosible to themselves, We will make a big pro maintenanes cf your railways, and speedy assistance..

Xm statement. (Laughter.)

fit." They repeated the operation, they handed out money both times they had JAPANESE “AND BRITISH NAVIES. bought and on their first sale on paper interest.

Mr. Amery, replying to Viscount they had secured an cormous difference. Curzon, mid-Japan has built fifteen To whom they were selling they did light cruisers, is building eight, and six ot know, nor were they ever likely which you printed this morning I realize Mylie is a sad one indeed and cannot, are to be laid down; this sountry has to know. As soon as the people interested that the bondholders of the lines you in as yet, be told in full-All hands are Built forty-eight, is building noue, and thought they had got all thay un clude have grave reason for anxiety about helleved to have been lost with the excep proposes to lay down four. Japan has tract from these outsiders without, causing

interests in the Pacific, is the natural sequel to the ending of the Anglo-Japanese Alliance!

སྙ” 4།

sure you will admit that it is a legitimate ONLY ONE SURVIVOR A CHINESE

AFLOATVON RAFT,

Bas, when I cust my eye over the list | The tale of the disaster to the ...

seventy-six destroyers completed, twelve undue suspicion they bail reccurss to the their dividends. Half of the Mukdeption of one-a Chinese mess-boy, who is building, and twenty-one to be laid down rules of the exchange, so it was said that railway has been contiated by Chang now in St. Luke's Hospital suffering from and completed by March, 1998 The the buyers had defaulted. All that you To Lin and the receipts are cessarily severe injuries and exposure, British Empire has 183 destroyers built, people who have expended your money on

The only other body recovered is that-

THE INQUEST.

...

and three building. In addition, there buying these shares can have is your worth. baived. In such circumstances there is a are, sixteen fotilla lenders completed and less perip back." And as a further insuit difficulty in meeting the obligations secur- of the Chief Engineer, Mr. Arthur Harvey two building. The above figures do not they could have five per cent. of the ed on the receipts of the line. The line Green, whose body was found in one of margin which they and other buyers had continues to be profitable, and of advanthe lie, life-boats by the Ea. Sinking. include any vessels over fifteen years old.

Replying farther to Commander Bel paid dnt,

A more hare-faced and more impudent tage to China, but if the Chinese Govern-The Chinese survivor, was also picked up lairs, Mr. Amery said-No, money has been voted by Japah specifically for in-fraud has never come before the Court," ment cannot make the Mukdeu Tuchun by the Sinking; he was in a very bad creasing alevation of guns. The sum of counsel aid. Judgment in the case WIL

surrender control.of the northern section ccndition and it is not known whether he Y.30,000,000 (£5,000,000) in round figures.reserved.

those who have advanced the money must will live. He was one of are Chinese who has been earmarked for alterations to

loga. The Cuntan-Kowloon railway has recaped on a raft, but the other four capital shipa," to be divided between the

suspended running because of the war be were all washed: away by the heary seas years 1993 to 1931: the amount to be ex Mr. Baldwin Count Cchida was incor tween Chinese factions in these parts and before the raft was picked up. pended in 1923-24 being Y.2,250,000. It

The late Chief Engineer was about 43 IN understood that the existing capital rectly reported. It is now officially de- it is notorious that for long the line has ships are to be given increased protection nied that he stated that the Singapore not been able to pay the coupons. It is years of age, and was well-known on the against air attack, but the details regard. hase conflicted with the spirit of the the cbligation of the Chinese Government coast,

His Majesty's to make good the deficiency. The Hu ing any further alterations that may be Government do not consider that any use-

Washington Treaties.

kuang Railway is in much thưteamie post. The inquest was opened last week by contempited are not known. It is underful purpose would be served by raising tion, Occupation by troops, practically Mr. G. W. King, H.M. Coroner. The stood from Press reports that ships are stofnun, in and one at a time, and a discussion with the Japanese Governinge the line was opened has prevented evidence of only one witness was taken,

ment on this subject. During the Wath it becoming a commercial fuccess and it namely, Mr. Eric Moiler. the work is to be completed by 1831,

ington Conference they made it clear that does nut sen the cost of maintenance Mr. Moller said the name of the they reserved their liberty at action at and has never been able to provide for deerned was Arthur Harvey Green, chief Singapore, and this was fully understood the service of the Joan. The Government engineer of the s.8. Mylir. He last sow Mr. McNeill, Under-Secretary for For he the other Governments concerned. has had to find the maury from other him alive about 9 months ago. The vessel eigo Affairs, answering Sir H. Brittain, Afr. Lambert: Considering that trade is scurces. The Tientsin-Pakow Railway, in was on a time charter to the Kailan Ad- said-His Majesty's Government are

so bad. and that this base will cost so only one-third of which the British are ministration and left Chinwangtae on the aware of the disturbed conditions in much money, is it not possible to post interested, yielded a net profit last year 20th for Shanghai. She carried coal, and China, nnd are doing all that is possible pose it for a time! (Crics of "No.") in the circumstances to safeguard British

Mr. Mosley: Is the right hon. gentle of over $7,000,000 and when the time came was due at Shanghai.on 23rd, providing lives and property in that country. His man aware that it was stated in the for remitting the money to London for the wonther was fine. Majesty's Minister at Peking has been

recent debate that the matter was not Payment of the coupons, lot it was dis authorised, in particular, to join with his discussed with the Japanese nt. Warbing of course, into the pockets of the mili- eivered that the $7,000,000 had vanished, colleagues in pressing for the establish ton ment of a railway "polive force under

tariats. It is true that last year the foreign officers. The Consortium repre

Captain Berkeley: Is it not the fact money was found at the very last moment sentatives at Peking are at present that the Japanese Minister stated that to meet the coupons of all the three lines examining the question of the consolids owing to the proximity of the pronoueletioned. but I can assure you, Sir. We (Capt. Cormack and myself) went tion of China's existing unsecured obliga-part to Formosa-two days' stenh-it was a very near thing, and was only over all the islands and searched for two- tions, which must be a necessary first would be necessary for Japan to take done in a manner not very creditable to days, step towards the putting in order of Chi- special defensive measures 7 ·" nene "nances. Pending the outcome oflr. Baldwin: I have not seen that this examination. His Majesty's Govern report. ment deprecate' any proposals for making fresh loans to China.

LOANS TO CHINA

WORLD TRADE THE CHINA MARKET.

No answer was given,

#

Witness Faid he went down on the report from the as Change as to the salvage tender St. Dominic on hearing a

condition of the Mylie:

The Coroner: Did you find anything. Witness: We found absolutely nothing.

fi

China and certainly damaging to her This morning (August 30th), witness interests. The result is that Chinese rail-continued, he got a report of a bout hav way bends have fallen very low in the ing been found. This report came from money markets of Europe and there is Bitterfeld's and was brought by the CHINESE GOVERNMENT, LOANS.

much anxiety among all concerned as to Singing which arrived in port at 9 Jir. Wise asked the Under Secretary for. the ability of the Chinese Government to o'clock that morning. The boat in question Foreign Affairs if he would state which of continue paying. You see, Sir, that was one of the life-boats of the Mylie, the external loans of the Chinese Govern China has been defaulting all over the marked with the name of the boat, the On the Vote for the Board of Traile, ment were not paying their interest. world and confidence in her has been house flag, etc. Witness had no doubt Sir A. Mond on July 28th stated disap Mr. McNeill: Or the loans publicly enormously diminished, You must not, that the boat belonged to the Wylie, The pointment must be felt at the apparent issued in this country the Chinese Gov- therefore, be too severe on us British who body of the deceased had been placed in

( Chinese coffin, which witness opened and check to the revival of our trade. His crament have defaulted on the Eight per stand to lose so heavily. view was that the main reason for our

Cont Sterling Treasury hotes, 1625-9, and May I suggest that one attention made sure that the body was that of Mr. diminished trade prospects to-day was the the Eight per Cent. Ten-year Treasury might be paid to the causes of the Green. condition of foreign affairs. After refer bills, commonly known as the "Vickers" anxiety, which we British feel, Wa se There were as least five other foreigners ring to Europe any other markets, he said aid "Marconi loans respectively both soldier eating up your land, making ch the lie and possibly Mr. Simpson. another market of importance to this of these were unsecured loans I am not Government impossible, and creating a second officer, who had come down to country was China China was in a very

in a position to give information regard. situation which permits the brigands to Shanghai for an operation: There may disturbed condition, bat attention should us issued in other countries, or harry your people. Our losses are have also been passengers on board. The

loans not involving a public issue, be directed to seeing whether there was

absolutely trifling compared with the ter- Chinese crew would number probably no power or authority with the British

rib'o damage being done to China and between 50 and 80AN Govertyment to improve our tending Tela- tions. There should be suck, owing to their prestige acquired from aby years

FIEUZAL GLASSES

of straight dealing with foreign countries. Out of doors there is nothing so restful and it ought to be used in getting the and comfortable for the eyes as the ligh position improyed. This would, be

tries.

$1

the Chinese people. Nothing would The Coroner: I believe you have seen satisfy two much as to know that the cue of the Chinese? Chinese Government was stable and cap- Witness: Yes, he had been picked up assistance of interference from foreignets, as is known able of managing its affairs without any on a raft and is the only survivor so far But if you have the kind of government

The Coroner You knew him?

especial advantage to our textile indus-reflected from green fields and trees, the you now have in China, with an enormous Witness Yes, he was the mees room debt, impossible of liquidation, surely, as boy; when I saw him he was so hattered" absorption of the ultra-violet and orange a man of affairs, you cannot blame the about that I could not recognize his face JAPAN AND SINGAPORE.. rays by the chlorophyll of the leaves; British IF they want to do something to very well. But I know he is the man. Mr. Lumberton July 30th asked the

bence the introduction of Fieuzu! Glass, help you to put one of your departments He is now in St. Luke's Respial. I spoke Prime Minister if Coimt Uchida, the yellowish green in colour, which is pro your own people as well as in the interest August 23rd, after nine o'clock at night

on a business footing, for the benent of to him. He said the ship went down ou Foreign Minister for Japan, had express duced in several shades, and lenses made of our fondholders. One of the reasons

The Coroner: Did he have any iden ás ed the opinion in a public interview that of this may be worn as a protection by why your failitarists have got the upper to how he got on the raft 1. the establishment of a new naval base over-sensitive eyes where it is desirable hand of you, and are ruining your country.

Witness: Yes, he said he went on the at Singapore conflicted in many ways

with with the spirit of the Washington Agree to tore down excessive light and glare. is because they are able to milk the rail raft off the poop along with five other

ways which are under partly Chinese cou- Chines ment, and that there whe riothing in Fieuzal lenses of any prescription introl. The Tucbuns are cover indugh to The Coroner. Did he remember afiy Anglo-Japanese relations to require such either regular or Toric forms are manu put the money they swent out of your of the boots" getting away Blakes an extensive undertaking; and whether

he would enter into a frank discussion facture by the Hongkong Optical Co, with the Japanese-Government before successors to Clark & Co., Manufacturing finally sonimitting the country to thin and Refracting Opticians, Queen's largo expenditure.

(Continued on next column.)

Hoad Central “ADVE

people into foreign banks, Why do you not advocate that your railway receipts likewise should be deposited in a safe place Obediently your

Peking, August 24th.

WitnessNo. He mid it was so dark. and there was so much rain; he only said that the abip yan, down by the head and that the rafts floated up. RAAN PAA

This was all the evidence taken and, the inquest was adjourned.

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