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St. George's Buildings, No. 2, Ice House Street, Tel. Central No. 135.
Hong Kong.
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THE HONG KONG DAILY PRESS, THURSDAY, JULY 14th, 1927.
THE REDS BACK IN KIANGSI.
PEOPLE GROANING' UNDER NEW TAXATION.
THE CENTRAL BANK NOTES.
A LUCRATIVE REVENUE FROM OPIUM..
KIUKIANO, June 29th, A state of temporary stalemate has been reached in Kiangsi. Chiang Kai Shek's troops occupy part of the south and east of the province, but appear to be unable to advance further.
The Communists, and the officials of the Hankow party, who had began to take their leave; have all returned, and Kiukiang and Nan chang are again as "red" as ever.
Our tame comrade Lin Tso Lieb, the Commissioner of Foreign Affairs, is back and Chan Kung Po. Minister of Labour, has also come to Kiukiang to reorganize the Labour Unions.
A Military Director Bought Over.
It cost the Hankow party $33,000,000 of the silver which they have so laboriously collected to bay aver Chu Pei Teh. This inform tion may be taken as authentie-as it is obtained through one of the bankers who was naked to arrange Lo remit part of the money to the safety of Shanghal for Chu. Pel Teh's account.
The slogan
of the National Gov. "Down with the Mili cramcat is tarista," but when their turn arrives to settle down in the safety of some foreign concession, there are many militarists, such as Chu Pei Teh, who will find they did not do so badly under that government,
Meanwhile the population groan under the oppression of the Labour Unions, the compulsory military con tributions, and, worst of all, the collapsed currency.
New Central Bank Issue. The Provincial Finance Burenu is making a determined attempt to im- prove the value of the paper notes of the Central Bank. At present they are at a discount of 52 per
cent.
It has been arranged to issue at Nanchang $8,000,000 worth of new notes. All old notes must be ex- changed for these new notes before the end of July, whereafter they will be valueless. A silver reserve for the now notes will be obtained from the rice export tax.
Kiangsi of recent years has only produced sufficient rice for its own needs, and there has been an em bargo on the export of rice. This embargo has now been lifted and a tax of $1.50 per picul will be levied on all rice exported. The National Government officials thus expect to kill two birds with one stone, They produce, a silver reserve for the new note issue and at the same time they encourage rice to find its way to Hankow to relieve the short age at that port.
The money collected is to be paid into a special fund, which will be used to support the note issue. But the Chinese have confidence in the special fund. They know very well that no rice export tax money will ever find its way into that fund
:
but that the money will disappear as all monies disappear in China, so the notes have shown no signs of appreciating in value.
It is said the Finance Bureau officials are indignant, and recently three merchants in Nanchang, who had refused to tender the correct amount of copper change for a note, word shot.
Amongst other methods of raising money are the kerosene tax of $1 per case and a heavy tax on cigarettes.. Then we must not over! look opium.
Oplum Tax Revived.
When Sun Chuan Fang was in control of the province the import of opium was strictly prohibited. There was nevertheless very con-
When siderable smuggling.
the Nationalists arrived, they very soon changed all that. They opened an Yen Chu) and the opium traffic came Opium Suppression Bureau Chin to the surface. This Bureau is not opium, but with the collection of concerned with the suppression of
officially fixed at 15 cents per numer. tax on all imports. The tax rate is There are large supplies of opium from Szechuan, and by every in Hankow, which have arrived steamer quantities of the drug are brought to Kiukinng concealed in the cargo or about the persons of the importers. On arrival at Kiu- kinng the importer goes straight to the tax Bureau, declares the amount of opium and is given a written разв. The local Bureau employ some 50 or 60 inspectors and wee betide the smuggler who attempta to evade the tax. The collection in Kiukiang alone amounts to about $20,000 per month.)
Tax on Oplum Deas. In addition there is an entirely separate tax on opium deng, There ara 300 of these in Kiukiang, which has a population of 50,000 families. The tax is levied at so much per latop and varies according to the arrangements.
den is who the of of the-
the "colleg
tors. As a rule it varies between $4 and $8 per lamp. This tax is farmed out by the Chief of Police and the proceeds go to pay the police. This tax is farmed each month, and the price paid for Junz was $2,400. There is considerable competition for the privilege of farning the tax, so that the cost per month shows a tendancy to rixe. On the market the cost of opium to smokers is $2 per ounce.
Japanese steamers have again be- gun to rau regularly on the river and ong or two China Merchants
WHITE HORSE
WHISKY
MILLIONS AND MILLIONS OF GALLONS MATURING!
See the "White Horse" on the bottle when you order Scotch Whisky. It is the guarantee of real old Scotch, of unvarying quality and great age, carefully matured to ensure smoothness and delicate flavour.
Try "White Horse" and let your palate judge!
LANE, CRAWFORD, LTD.
P. O. Box 83.
HONG KONG STOCK EXCHANGE.
CLOSING QUOTATIONS,
JULY 13TH, 1927, ....$1,065-bay, & en
Do
Da
boats also have discharged cargo at .A. Bank London...£115 nom. “Kiukiang. The farce for Chinese
passengers are cheaper in the China Chartered Bank......£20 nom. Merchants boats than in the foreign-Mercantile Bank, A. &B...£31 nom. owned vessels, but the Chinese prefer the safety of a foreign flag and, Very few of them travel in their own steumera, ~North-China Daily News....
MARSHAL SUN'S WISH FOR: the Northern leaders. A strong
PEACE.
DESIRE TO END COMMUNISM:
CAMPAIGN WORKING ACCORD
ING TO PLAN.
0...18. P&
0. Bank
£9, buy. East Asia Bank
$68 nom. Canton Insurance .........$620 se!. China Underwriters ......$0.80 nom. North China Ins.
Fis. 143 buy, Union Insurance
bay, 250 Fol Yangtaze Insurance......M. $40 nom China Fire fusurance ....8210 buy. Hong Kong Fire Ins.......100 sel. Douglases ............................
31 buy. Steamboats
$22 pel. Hong Kong Tugs.....$1.10 nem. Indo-Chinas (Pref.).......30
Do. (Def.)
buy. 93%, nom. Bhall Transporta Star Ferries
$52 Bel. Waterboats.
815.40 buy. $19 261, China Sugare
32 sel Malabon
Bugars
$1,70 buy Benguet Kailan Mining Ad...... .40f- buy, & ua. Langkats (combined)......Tha, 19 zom (angle)... Tls. 9 nom. Explorations....Tha. 8 nom .Tls. og num nom. 19/8 nom.
and united country would result. Communiem an Unsound Principle. "He pointed out that Marshal Chang Tso Lin had definitely taken a position against Communism. It would have to be completely wiped out, he continued, and then he in- timated that the Northern army push was being consolidated. to- ward this end. Force of arens would be the next step as soon as the new military combination was TSINAN, July 4th. completely cemented. Sun Chnan Fang stated in a
Replying to a question the Mar- private interview with a represon-shal said that he and all the other tative of the North China Daily participants at the Peking can-
ference were in agreement with the Robs Neus to-day that operations in Phantung wore being worked out Generalissimo in all matters. With Tronoh Mines
to the plans formulated peace restored, however, he thought Ural Campiona
a the Peking conference. The that Communiam would automati- HE. & K. Wharia
situation be
nom.
10 non
$108 bay.
satisfactor, worth a generally cally, come to an end through the Docks.........$36 nom.
Communism was a fundamental ly unsound principle, he continued, which brought misery and not hap piness to the people.
real fighting victory of common sense among the had not begun
If it became leaders desiring the real welfare necessary, the Marshal said that he of the country. would go to the Tslupa Railway front but unless the Southerners made a general attack in strength equal to to the northern forces they would merely retain their present positions, and. he would remain at Tsinan.
Hongkewa
New Engineerings.. Shanghai Dooks H.K. Htela
K. Leads
Tia. 147 bay. Tla, 6 nom.. film. 971 Lom. ,56,90 mil.
38 sel. Hong Kong Realtys.
дом HR Tonitoriais Humphreys Hatates....$12 nom. Peace Possibilities.
Prince's Buildings.... $89 nom. Asked whether he had any reason Rural Lands
$1† nom. to hope at the present time for Ewe Cottons „uryje
„Tb. 7.35 nom. The fact was emphasized that the peace, he said that all depended Orientals T
Tis, 12 nom prosent continued conflict was quite upon the Southern leaders. He
(raw). The 7 buy.
11. 25 naiz. BUDG chine cease for the good of the country. to agree with any sune Both he and his northern col- to better the country and to his HK Tramways. 320.55 buy. leagues, Marshal Sun declared, mind it seemed only a question of Peak Trams (old)16 sel. were anxious and willing to restore fine until the sincere Southern Da pease, but as revolutionary policies could only flourish in a condition of constant warfare he could not be
sure that certain of the Southern leaders hold the same Viowe.
unteossary and that it should and his colleagues were prepared Shanghai Dotions (old).... siel.
..
Once peace is restored, the Mar-
proposals
Do
vol
$3.801,
1 nom
$5 nom.
leadere would see this and reg
regard Singapore T Tractions *-*-*-10/9 buy. any other means than co-operation Tax
as futile. All interests and parties Amusements...819 buy, would eventually be included in Cauton loos
operation for a unified .gov. Cements (combined),.
In the meantime, he added,
Do (old)
DO
$7 kel $8.60 nom. $I sel $181zel. šili noma,
tuy.
$2,80 sol.
Do. (new) Lights(comb shal said he believed that the in-forces were being consolidated to Obins Ligh care Southern leaders would be defend the sections of the country
Do, (LOW) abie to see the inconsistency of still untainted by Communism in maay Nationalist views if a good such a manner as to make the žuti China Providents ........ permanent government was aimed lity of any other method than co Constructions Dairy Farms at. In time this would become ap-operation even more apparent. parent to the sincere leaders among In reply to the question of ho Der A Wing the Nationalists and they would see the unreasonableness of Commany of his men would be sent to E.K. Electries
the Southern front at the Pukow Macao Election 37 buy.
Dai munistic institutions. This in line, Marshal Sun said that including H.K, Hope (old) 810 nom,
(Bow) .........$5 nom. whole his reorganiz turn, he said, would lead to co that sector as
(Continued at foot of next column). operation in a peaceful way with ed forces numbered 100,000.
HONG KONG.
BLUE FUNNEL LINE
SUMMER CRUISES 1927
To Shanghai, Taingtau, Wei-Hai-Wei, Taku (for Tientsin & Peking), Dairen and return to Hong Kong.
Artie Welhaiwe eave Weihaiwe Arrive Chefoo Leave Chefoo Arrive Taka Bar (for &Peking)
Tie Bar
Горча LeRya
"ANTENOR"." HECTOR ***
* AENEAS*
11,174 tons. 11,188 tons. 10,068 tons.
Leave Hong Kong
July 22nd Ang. 26th
Sept. 28th
Arrive Shanghai
261b
29th
Out. Ist
Leave Shanghai
27th
31st
6th
Arrive Taingtao
Leave Tsingtao
29th 29th
Sept. 2nd
2nd
30th
Brd
Both
3rd
30th
Slet
Aug. 1st
4th
4th 8th
5th
9th
9th
18th
19th
20th
Aug. 10th
21st
10th
21st
19th
"
With
20th
"
12th
21st
14th
25th
22nd
20th Oct 1st
28th
28rd
4th
31st
AITIVE
rive Obingwangtao Leave Chingwangtao. Arrive Dairen
Leave Dairen
Arrive Taku Bar
Bar Ακτίνο
Loureihaiwai
Leave Weibsiwei Arrive Tsingtao Leare Tringtao Arrive Shanghai
Leave Bhangliai Arrive Hong Kong
༤༤༤ཟླ - | ༄༅།| ཚེ
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BUTTERFIELD & SWIRE,
Lane Crawforde..... Mackintoshs.
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