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[96
RESTRICTION OF IMPORTS INTO YUNNAN.
23RD, 1926
LOCAL SPORT.
FOOTBALL
The following games 'aro down, for de 'cision, to-day:--
"IT'S AN ILL WIND," ETC. DIRECT BENEFIT DERIVED FROM THE BOYCOTT. When she first of the series of large, parties of tourists which aro "taking a
INTERPORT TRIAL GAMES, Kowloon F.C. ground. Kick-off at cruise round the world this winter visite: pm.Referee: Mr. Baldwin. Hongkong early in December, we called Linesmen Messrs Austen and uttention to the fact that the cunttitiona Fernie.
prevailing at Canton precluded a visit HONGKONG YA. CHALLENOX SHIELD.
being paid to that port by the tourists, Junior Division,
and that may business interests in that city-the shopkeeping compionity especi
Kick-off at 9.30 p.m.
Kowloon Res. r. South China","ally--were heavy anfferers thereby, Onea
Kowloon F.C. ground. Referce:
again the Chinese shopkeepers ut long- Mr. Smith. R.A.
kong are rejoicing in the tact that what- Hongkong Club Res. University.
is Canton's loss 18 Hongkong's gain. H.K.F.C. ground. Referee Mr. Arnold. University B
Surreys Drums Sockunpoo A Referee: Mr. Gilmour.
greugd.
East
HONGKONG LEAGUE, Division II. ** f."
RA. ResClub de Recreio,
poo "B" ground, at £30 Referee: Mr. Marfett."
St. Joseph's v. East Surreys' St. Joseph's ground," at Referee: Mr. Matthews
Division II. "B"
Res., 4. p.m. 7
to the Futien Bank, This measure is being carried out gradually and in a few months the amount of paper notes will MEANS OF REHABILITATING THE CURRENCY.
be gradually reduced. Confidence in the paper notes will be gradually restored PROVINCIAL TREASURER'S QUEER and the foundation of the bank will then
ECONOMICS.
be firm. But this cannot be done in a The Provincial Assembly of the "pro-short time and it will be too late to vince of Yunnan has recently adopted get the result we must aim at. It does regulations for the restriction of imports, remittance. The restriction of imported not effect a reduction in the rate of The matter is of considerable interest to goods will get a good result sooner. In Hongkong as Tundan draws practically recent years, when the railway was" in- all ita imports from this Colony,
terrupted, or when the seamen went on The action has been taken at the in- strike, the rate of remittance was re- stigation of Mr. Su Pao Chuan, recently duced. This proof of the remedy. It appointed Treasurer of the province. might be said that the prices in Yunnan Finding that exchange on Hongkong and are higher than in any other province Shanghai isabont 40 per cent against and that if imports are restreited will be Yuanan, he urged that the only remedy higher. "It is not a good reason. It is was to restrict imports which at present to be noted that the decrease of im are considerably in excess of the exports ports will cause the lowering of the rate of the province.
of remittance and that the lowering of We have been favoured with a trans-the remittance fee will cause a reduc- lation of a very lengthy speech by the tion in the price of things. If the price Treasurer which has been published in of imported goods is lower, native goods the Chinese newspapers in Yunnan. The will also be cheaper.. following excerpts are taken from it - In this conection, the necessary steps The export of goods from this Pro-must be taken to prevent the merchants vince amounts to over 838,000,000 a year raising the price of things unreasonably. while imports amount to $50,000,000, the
The Municipal Council, Cham- difference being over $10,000,000. Now the ber of Commerce and other local autho- only way to reduce the rate of exchange rities should organize a special Bureau is to restrict the import of goods. The for the discussion of the prices of things reault of restriction of imported goods so that the original price may be ascer will be: (1), the stabilisation of financial tained through investigation, a reason- able price fixed and a notification issued conditions; (3), the gradual reduction of for public information. The merchants the exchange rate; (3), the development should get reasonable profts but should of the industry and trade of the Pro not be allowed to raise the price unduly ; vince; and, (4), gradual decrease of prices. cording to law.
otherwise, they should be punished ac The plan of restriction suggested is that merchants, no matter whether they are Chinese or foreign, should not be allow cd to import goods without first getting a certiàcute from a yamen appointed by the Government. It is a rather import apposition by foreigners. It is the Junior Shield opens to-day, with three ant matter and it is therefore proposed policy of all nations in the world to games. Kowloon Reserves vare at home that it shall be discussed by the Pre restrict imports and to protect commerce. vincial Assembly or the Chamber of They levy a heavy tax on luxuries and to South China "A" who have not been Commerce.
restrict the import of them. We shall beater to date. With the advantage of In recent years, the extravagance of but follow their example if we do the playing at home the Reserves have a the Yunnan people has greatly increased same in Yunnan. It is quite reasonable. and to meet requirements the merchants With regard to the French who have good chance of success although South are importing luxurious goods more jand more connection with Yunnan than others, China will turn out their strongest avail more; hence the increase of the remit, they will not be much affected by it as able side. The game should be keenly tance exchange rate] followed by an their imports are small. At the same contested throughout.. increase in the price of goods. The time, they have already got much advan- merchants use. the money realized from tage by having a railway line in our pro- the sale of goods at high prices to pur chase goods again and do not care about the increase of the remittance fee. If they continue to do this, the increase of the remittance fee will be endless and lead to financial exhaustion.
QUESTION OF TREATY "PROVISIONS.
}:
imports is contrary to the object of free Some may say that the restriction of trude and also to the international treaties and will probably be followed
vince.
(
St. Joseph's Res. Kowloon B.Sc. St. Joseph's ground; at 2.30 p.m. Referee Mr. Lenoise. St. Joseph's Boarders e. Moslem A, Sookunpoo"B" ground, at 4 pm Referee Mr. Sleep.
Division. L. R.A. v.
HMS. Tamar. Bookuapoo "A" ground, at 4 pm Referee: Mr. Smyth.
here may be repented concerning the What we said when the Variasan was present visit of the Belgealand -
in
repute
ND
crows are que We
well
to.
Much disappointment must be folk among the shopkeepers "of "Canton-we mean especially the vendors of curios and such things Chinese" es ¿ttract the attention of the tourist-when they learn that a shipload of "millionaires' Sookün-bas come to Hongkong this week, that
p.m. Several more such
arrive in the near future, and that Can- tan is likely to see little or nothing of them, thanks to the Labour Cuions who make a visit to Lauton nowadays un attractive for tourists or anybody else. Hitherto when these great ships have arrived at Hongkong the trip to Canton ↑ has been regarged as an indispensable feature of the sight-reving program- me; but the conditions prevailing the trip inadvienu, at Canton at the present time make
the any least, and Canton dccordingly sur
erowd of wealthy tourists does not asin pocket. visit a city strange and in many ways attractife to them without spending good deal of money in doing" the Chinese art and workmanship. Within city, and in acquiring specimens of the next couple of months mamineth vessels, conveying, all told, upwards of two thousand tourists, will be calling at Hongkong Practically every one of them would like to see something of Can- on while they are in this part of the world, but it is safe to say that fow, i tions continue. It is not easy to estimate any, of them will if the present, condi- the loss in ready money the shop-kespers and a goodly circle of other folk, such as bearers, will suffer in consequence. Large owners of motor-garages and chair-
is is the total sum of money thus lost to Canton, it is, of course, small in com=" parison with the vast losses caused to the general trade and commerce of the bargo ou trade; but it is nevertheless a city and the whole province by the ent
by those who feel any concern not only for the prosperity of the city bus for detail which is worthy of consideration
the reputation which the Chinese people. as a race have hitherto had abroad for Commonsense.
The Grst of the Interport trial games is to be played on the railway ground at Kowloon today. A further trial game
on Wednesday next. will be played on the H.K.F.C ground
The competition for the HKF.A.
University Atenm.
The Hongkong Club Reserves meet the doing well in the "B" section of the The Students are Hongkong League. The Club can usually field a strong side in their shield gamea. University
The East Sarreys' Drums meet the military team should win.
+ B' at Sookunpoo and the
St. Joseph's on the College ground. The The Surreys Reserves are due to meet first game this season between these Surreya. teams ended in a big win for the
The RA. Reserves meet the Recreio at
Therefore, they will not offer strong opposition to this. As to the foreign merchants of those countries whe have no treaty rights, they will receive the same treatment as Chinese. There will not be much protest from others: Look at our neighbouring provinces- Some may also say that if we restrict Szechwan, Kweichow and Kwangai. The the import of goods, the foreigner will Owing to most of the Clubs having pative goods in Szechwan are much more prohibit the export of goods through players in the Trial game at Kowloon, in request than foreign goode. Owing to their ports. What shall we do then there is only one game in the Senior the difficulty of communication in Kwer present, the financial condition of Yannan Division of the League to day. The R.A. chow, foreign goods are not easily in urgently requires to be maintained, so
are at home to the Tamar and a keen ported and generally the people use that both foreigners and Chinese should
game is expected. In the first game a native goods. With regard to Kwangs, sympathize with and assist the effort, fortnight ago, they played a drawn game all the people use native goods, such as Moreover, the restriction procedure is of two goals all. The R.A. scoring their clothing, and those who use foreign goods not too severe and foreigners should goals in the first ten minutes of the will be scolded or anecred at by the have no ground of complaint Foreign game. people hence the import of foreign merchants in Yunnan will be glad to sec goods is amall. But in Yunnan, the con- our financini codition gradually restored trary is the case; the market is full of and the remittance fee gradually reduced foreign goods. According to a report of in order that their business will not the Chamber of Commerce, there are suffer unexpected loss. The French will several thousand shops from Mashihkou be more glad to help us, for if they pro to the Railway Station and among them hibit the expurt of goods, the import of only two shops self native goods-name- goods will be entirely suspended and the is enamelled ware. Moreover, owing to Tienyuch Railway will have no goods to the lack of communication, the people transport. Then how much loss will they living on the borders of Szechwan and suffer some may say that the Yuncan Kweichow purchase cotton, cloth, kero- merchants would, of coures, be easily sene oil, etc., from Yunnar. This is one controlled, but if the foreign merchants of the causes for the increase of import- object to restriction, what shall we do ed goods. The money realized from the then? It is necessary to encourage the aale of goods to Ezechwan and Kweichow merchants to unite in helping the would be remitted back to Shanghai o authorities if necessary, and when the Hongkong and thus our hasucial condi- goods enter this province the Govern- tions are affected to a great extent. ment mast use every means to examine Eereafter, the transportation of foreign them. If they intend to cause trouble goods from Yunnan to Ezechwan and with us, they need not forget that the Kweichow is also to be restricted. spirit of the people at present fa not what it was before. In recent years, internal fighting has occurred everywhere but foreigners, have had no good cause to interfere." The Kwangtung case is rather serious and no unexpected trouble: has sympathy of the merchants and the for cign opposition could then be met.
It will be seen from what I have said that it is absolutely necessary to stop the import of foreign goods for a half or a whole year in order to strengthen our financial condition. and to lower the rate of exchange. This, however, mayas yet happened. It is easy to get the be rather top severe and be followed by reactions from various directions. There fore, the best way is to decrease the im port of goods by restriction on: a scale, For instance if the monthly import of goods andunted say, to $4,200,000, and it be reduced by one-third, the uptbly reduction will be $1,400,000. It will do 10 harin to the business of the mer- chittats. The merchants will be able to use the money saved through this redue tion in doing more export business or for the development of industry and trade within the province.
NO BOYCOTT INTENDED. Some may still say that Yunnan is going to develop minerals - and facilitate communication, it needs foreign to capital and that it is not wise to boy cott and lose the sympathy of the for: eigners. But while we are "obliged to restrict the import of goods we have no idea of boycotting. Of late, political conditions have been so complicated that foreigners will not care to invest. As With regard to the method of restric- Yunnan aas not got, any good result in tion, it should be based on the local the development of industry and trade, requirements. For example, cotton, it secus to be too early for great pro kerosene oil, cotton cloth, etc., which gress in inining and communications. are daily requisites, are to be allowed to When Mr. Gandhi, the Todinn, made a be-imported in certain limited quantities motion for non-co-operation and boycott monthly. Articles of luxury and play of British goods, many followed him. things which do not affect the living of Even Indians, who have been under the of the people, are to be restricted or pro-yoke of the British for a long time, hibited. This is the responsibility of the showed patriotism by running and shout Government and the general conditioning everywhere. We are people of dr of the people must be studied.
independent nation and simply try to MEASURES TO PREVENT PROFITEERING.
restrict the import of goods; why can we not do it? Before Yunnan was opened The principal cause of the present high to foreign trade the import of foreign rate of the remittance fee is not, due to goods was very small and our Yunnan financial disorder nor to the market people were not in need of anything, being full of paper notes, but simply to If we restrict the import of goods now, the great difference between imports and it will not seriously affect us. If wo exports. According to a decision made any this is contrary to the universal rulo in the Political Conference, the way to of progress, we must understand that we adjust the financial condition is to raise are now in the condition of being op a provincial loan to settle up Govern pressed by foreign goods and that our ment property and to have all valid bonde finance is in a most dangerous condition of the various organizations and the in- almost without remedy. If we do not terests of Government business transplan for ourselves, it will be unwise for ferred for the payment of amounts due us to talk about progress.
ONE RESULT OF CIVIL - WAR. ALL MONEY SENT TO TREATY
.PORTS.
'the discount rate of the Chiness banks The fact that during the recent war remained the same as it was in pesce time, while domestic bonds have con- Chinese, economist,, says a Peking News tinued to rise, is explained by a leading Agency, as due to the fight of private capital from the interior to the various Treaty Ports and Metropolitan districts. The result is that in the interior lomas cannot be obtained even if borrowers are
50okuspoo. These teams met in the opening game of the season, the R.A prepared to pay thirty or forty per cent. winning by the odd goal, in three.
annual interest; whereas the political in- league, St. Joseph's Reserves meet Kow-t various industrial enterprises in the In the Section "B" of the junior security has so affected the development loon "B" and a win for the Reserves Treaty Ports that many hesitate to bor- is expected.
row though there is no rise in the interest rate.
Moslem Aare due against the St. Joseph's Bourders and a good game should end in a win for the Moslem Člub.
"
Mr. F. Smith, the well known referee, leaves for England to-day by the Xhion. For over four years he has had charge of the whistle in local football: He has served on the H.K.F.A. Council.
"BUGBY."
TODAY'S GAME.
To-day the Rugby section of the Hong- kong Football Club meet the Royal Navy at: 4 p.m. on the Happy Valley Cup.
KOWLOON RESERVES. SOUTH-ground in the competition for the Rughy
CHINA "A."
JUNIOR SHIELD COMPETITION.
The following have been selected to re the Junior Shield Competition match present the Kowloon Football Club in
off at 2.20 p.m.): Vickers; Guest and to-day on the Kowloon ground, (Kick Knight; Oliver, Pasco and Miles; Morris, Street, Brown, Spary and East man. Reserve Vickara,
CRICKET.
FIVE LEAGUE MATCHES TO-DAY.
There are five league matches, two of which are in the second division, down for decision today. There are also three friendly games...
The Antars are as under-
LEAGUE 1.
University 1st XI. Royal Navy 1st XI. on the University ground Craigengower C... Royal Artillery
on C.C.C. ground. ed. Chinese R.C. Civil Service CC. 1st
XI. on the CRC ground.
on th
21
"LELGUE II. .. Police R.C.. Royal Navy 2nd XI. on
the Police ground. FRIENDLY.
Hongkong C.C. 1st XI v. Kowloon C.C. 1st XI on the II.C.C. ground. Indian R.C.. Hongkong C.C. 2nd XI
on the IR.O ground. Civil Service CỦ "A EM.5
Hawking on the C.B.C.C. ground.
Two weeks ago, the Club defeated the Navy, in this competition by eights points to six.
Having thus won the first game against the Navy, and there being no Army team, or draw in order to win the Cup for the Club will to-day either have to win
be a re-play. this season. It the Navy win there will
"The teams with numbers are
Royal Navy-Tel Mortimer (Am Brozo] 1; Lt. Nicholson (Petersfield) 2, Lt-Com. Lyle (Hawkin) 3, E.RA Tinker (Hermes) 4, E-RA: Rothwell (Bube:) 8, Lt. Grant (Hermes) 8, and Lt. Gibbon (Hermes) 7: It-Com. Bower (Hawkins) 8, Pay-Lt. Hussey (Hawkins) Allen (Hermes) 11, E.R.A.. Me- 9, Lt. Edmonstone (Hawkine) 10, Pay Taggart (Hermes) 12, ERA. McDonald (Sub) 13, Lt. Farrell (Bluebell) 14 and
A.B. Acot (Sübs,). 15.
The Club-H. J. Armstrong 1; F. G. Easterbrook 2, M. 8. Lloyd 3, E. F. D. Morrison 6, and L. P. Ralph 7 H. Stewart 4, and G. P. Lammert 5; J. A.
10, J. O. M. Smith 11, F. Lithgow B. Forsyth 8. J. Ralston 9, J. Foster Smith 13. B. W. Lee 13, H. Beveridge 14 and R. Millár 15.
Referee: Commander Coltart.
YACHTING,
TOMORROW RACE.
The third championship race of the Kason will take place at the Royal Hong
The start will be made at the Yacht kong Yacht Club to-morrow, de Club at 10.30 d.m. The race will be to Cheung Chau Island (starboard) and back a distance of 25 miles.