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THE HONG KONG DAILY PRESS, MONDAY, JULY 25th, 1927.
THE STRUGGLE BETWEEN CANTON AND HANKOW
POSSIBLE DEFECTIONS FROM CHIANG KAI SHEK
IN NANKING.
NANKING'S ERRORS IN
FOR FUNDS.
SEARCH
(BY GEORGE E SOKOLSKY.]
If General Chiang does not watch Hankow Communists and the Com
LARGE TIENTSIN FIRM
FAILS
LIABILITIES ALLEGED TO RUN INTO MILLIONS,
HEAD OF CORPORATION ARRESTED.
Trantsis, July 12th.
A copy to hand of the Peking and Tientsin Timer gives full details of the recent failure of the big Chinese firm, The Union Trading Corporation. Our contemporary
states:-
KAIPING HOUSEHOLD COAL
In Lots of not Note Reduction in Prices less than
1-too-
Delivered to
Peak Distriat (above Bowen Road), $24.00 -----per-ton----
Delivered to Bowen Road
and
Lower
Levels, $22.00
per too.
Delivered to Kowloon,
$20.00 -per-tens
For Price Apply to
Orderi should be sant
in writing not
by telephone
at least 24 hours, before the Coal is required
All orders must be 10- companied by
Cash, Cheque, or Compra- dore Order
payahls to "The Kallan Mining Ad- Patalpation.***
THE KAILAN MINING ADMINISTRATIONTM DODWELL & CO., LTD., Agents, Hong Kong.
THE COLONY'S FINANCES.
DECREASED CREDIT BALANCE.
TENDERS FOR FERRIES.
CITY, SHAUKIWAŃ SERVICE, ETC.
OFFICIAL GAZETTE
his steps very carefully, certain munists will utilize unemployment high-minded members of the und discontent to the harm of Nanking Government will grow Nanking
Financial circles in Tientsin were weary of his methods and of the
Bankow Agents in Shanghai. eggsiderably disturbed yesterday. presence of the Ningpo men in his Already many of the agents of when it became known that the personal entourage and they will Hankow are finding their way to Union Trading Corporation had leave him high and dry. The de Shanghai. It is surprising howlsed its doors. It is alleged that fection. at this moment, of a single many of Chinese camouflaged Com the Babilities of the concern amount one of these individuals will manists are coming to town, posing 10 over $5,000,000. The Chinese destroy the prestige of the Nansa intellectuals fed-up with Han-Papers yesterday gave a list of the king Government and will turn kow but still maintaining relations banks involved with the amounts, General Chiang's status into that with Hankow. The arrest and debut there is reason to believe that THE POSITION DURING APRIL. MAINTENANCE OF KOWLOON of a mere Tuchun, which would capitation of these men will not the list of creditors is not complete, prove unpopular with the mames solve the problem, for Hankow will while the actual figures may be less
Nanking's Financial Measures. send athers.
or more than is tentatively given. -The financin) mosaures" of the Nanking's basic task at the pre-Warrants have been issues. by the Nanking Government even sent time is to remove the cause of Chinese Authorities, at the instance of the Chinese creditors, for the Faced discontent. this system of taxing with the prospects of a war against everything even to the extent of arrest of Mr. Henan Chi (Mr. Chi the North and against Hankow, killing the trade in China's own Fine Chil, the General Manager of Nanking requires a tremendous products by increasing the costs of the Corporation, and Mr. Wang treasury. Foreigners generally exports as criminal an economic Kung Kwan, the Tientsin manager. assume that Nanking ought to con- policy as has ever been devised by The latter was duly apprehended centrate on government within the novice at Government finance. If r the British Municipal Police and provinces it holds and forget the the Nanking Government can solve handed rer to the City Authorities, rest of the country. Even were her financial problem before the but at the moment of writing the they to adopt such & programme, Communists get their claws into lice were still searching for Mr.
the Shanghai situation, Nanking Chi has a ne Aghting chance. If not, at the critical moment Nanking will be faced by the mass problems which itimately destroyed shal Sun Chan Fang.
more difficult to discuss
аге
it would be futile, because the rest of the country will not forget them. Sun Chuan Fang is always labour ing to return to these provinces; Hankow will never forgive General Chiang Kai Shek for the split, and feudalism is not yet dead in China.
SWATOW LACE CO., LTD. Nanking then is forced to take the
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18
NOTIFICATION.
The financial statement for the month of April, published in the current Government Gazette, aboy that the credit balance on March 31st weg 84,174,923, which with rement Gazette that tenders will be venue of $1,523,840 in April brought received at the Colonial Secretary's the total up to $0,300,784.
The expenditure for the month came to 82,140,742, this leaving a credit balance at the end of the month of $4,160,991, a reduction of
8314,832.
It is anaounted in the Govern-
office until noon on Wednesday, August 31st, for a licence for thres years for the exclusive maintenance of the ferry service for the convey- ance of passengers between Victoria, Euaghom, Kowloon City, Saiwanho and Shankiwan.
The schedule is to provide for not
less than one departure every 45 minutes daily from each of the following piers between 5.15 am.. and 6 p..: the Kong Shan Wharf, The expenditure for this April was Victoria; Hunghom ferry wharf; less than during the same month last
How Mr. Chi Made Ou
The actual rarepue for April this During the week-end 20 zppre-year compared with $1,635,302 for sentatives of the banks concerned the same period of 1999, while the Mar-visited Mr. Chi at his residence in actual revenue up to April 30th was regard to the closing of the Cor $5,775,044, compared with 80,594,935 poration's premises. Mr. Chi began last year. to explain the situation, and then on the pretext of going to his room fetch some document, disappear. sd. The bankers waited for a con- siderable time, but the cause of hir. pon-appearance dawned upon them, and the Authorities were in- formed and warrants isaved.
Chi's
The Believers in Union. There are those in both Nanking offensive so that her bridgeheads and Hankow who believe that the are distant from her capital-ia o
best solution of the problem is the word, Nanking's major military union of both Governments. The task is to keep the fighting outside difficulty in the way of anion lies her own provinces. Close
in the fact that Hankow is willing 8200,000,000 will be required to keep to make peace with Nanking
But the Nanking Government afloat insists upon the elimination of this year and it is not an easy taak General Chiang Kai Shok. Nan- The Corporation was established to find such a sum of money.
king is willing to make peace with Aral years ago, starting with a In her search for funds, Nanking Bankow, but insists that Comrade capital of $100,000, to which later made two errors, one was to let the Dorodip, Wang Ching Wei, un 700,000 was added in order to bankers attempt to finance the Chien and Tear Jan Dah must be Permit of the expansion of the busi. Government on loans based upon
dismissed. It is as impossible forces ap. capital and the casuage- foreign trade; the other was
Hankow to get rid of the Chinessment were entitels. Chinese. Mr. transfer whole the system of taxa members of this group it is for Chi was an American returned stu- tion in vogue in Canton, which is Nanking even to consider the dis dent, and was President of the Re- mmal of General Chiang Kai
tarned Students' Club. Both he after all a backward village com-1 pared to Shanghai and the pro- vinces of Kiangau and Chekiang.
to
passe.
The Bates.
year, when it totailed 82,856,581. Kowloon City whatt and Shaukiwan The actual expenditure for the year or Saiwanhe wharf. up to April 30th was 38,105,009, com- Pared with $1,113,250 for the sime period of 1923. Assets and Liabilities on April 30th. Liabilities.
Deposita not available...$1,400,078.83 Coal accounts Postal agencies Suspense account
account
The licensee of the ferry or group
of ferries may demand and take for every passenger fares not exceeding the following rates:- 12,788.78 Between Victoria and Shaukiwan --14,949.06 or.Saiwanho: 1st class 12 cents, 2nd 730,589.56 class 7,
Between Victoria and Kowloon City: 1st class 4 cents, 2nd class 2 centa.
Cro agents current
8,078.33 387,715.68 Adjustment of exchange
Total liabilities $2,512,668.00 Between Victoria and Hunghom:
..... 4,150,201.93 1st class 8 cents, 2nd class 4 cents.
Between Hunghom and Kowloon .88,702,980,02 | City: 1st class:4 cents, 2nd class 2
cents.
balance .......
Total
Advances
Total
Assets.
.....$1,842. 268.83 440,488.15
Sbek. Therefore, there is an im- and his wife were very popular, and Subsidiary coins
frequently entertained. Mr. Chi Building lonas The Coal and Other Taxes; I understand that some weeks ago himself war a native of Fukien, Imprest................... General Chiang authorized Mr. H. though his people hail from Shansi House service account... Results are already appearing. Kung brother-in-in-law of Mrs. Vinca.
Unallocated stores for instance, the coal tax will un Sun Yat Sen to go to Hankow to
(P.W.D.) Initial Success.
Unallocated. stores doubtedly result. in the closing of
(Railway). According to the Ta Kung Pao, most of Shanghai's industries and requera Sun and Sun Foto business at first was very satisfac lavestment account in the throwing of thousands of come to Nanking and that in the tory, and the Corporation was re-Lorry haulage account... labourere on the streets. Already event of such an arrangement, Mr.garded ELS pre-eminent ámong Balance at Banks the Chinese cotton mills have pro- ung would become either Minister in the North. In its independence modern Chinese business enterprises tested against the tax as endanger ing their dying industry; the Japanese cotton mills are faced with this huge expenditure of snow reported to be in Changchow dollar tax on a ton of coal which,
with Marshal Feng. coming at the moment of an anti- Japanese boycott and a low price for yarn because the commodity cannot be shipped into interior, makes closing i witable. The tobacco factories are already run ning on skeleton organizations and
Between Hunghom and Shauki- wan or Saiwanho: 1st class 10 cents, 1,700,659.33 2nd closs 6 cents.
53,870.06
Members of the Hong Kong Police 10,197.84 Force in uniform shall be entitled to travel on duty free of charge on all 403,897.95 ferries.
The licensee will not be permitted 1,838,063.85 for the ferry service, either to carry 173,328.06 to use any of the vessels provided 8,357.40 or tow any pigwash or offensive 413,660.48 cargo at any time.
,702,960.02
of Labour or Minister of Commerce of foreign help, the concern was in and Industry. Mr. Kung ap- the nature of a pioneer. In accorda Parently did not succoed, and is 4ce with a scheme for the expan sion of the business the Corporation removed to large premises in the BISHOP OF SINGAPORE British Concession last year. Bran
KUALA LUMPUR. Taingtao, Shanghai, and Hankow. ches were established in Dairen,
MANY PRESENTATIONS.
"Not less than 9 ferry vessels,. of which shall be ferry vessels in reserves are to be provided by Oc tober 1st, 1997, of not less than. 90 feet overall measurement with IN suitable beam not less than 10 feet and a speed of not less than 10 kaots, fitted with a navigation bridge and water-tight bulkheads,
etc.
The Kowloon Dock Service which" runs between Augen's Bier and the Docks at Hunghom not being a
Last week, Mr. T. V. Scong left for Hankow and rumour hath it
The reasons for the failure aq that he is an emissary of General gives are heavy losses on exports, Chiang to effect a peace and that high bank interest, and exchange
KUALA LUMPUR, July 18th. business. Berious allegations are The Bishop of Singapores-who- several ministries have been offered also made in the Chinese Press in was accompanied by Mes Ferguson-service run for payment or reward the Hankey on Compunists it regard to Mr. Chi. The Corpors: Davie, spoke in aid of the Gage, they will come dpwa. But Mr. tion was heavily interested in the Brown Memorial last evening.
it is said that serious losses were the European and Aristic com importation of American four, and He received presentations from
also suffered in, this line. The formunities to-day, tunes of the firm were also affected He preached his farewell sexmon by the prevailing conditions in this at St Mary's on July 17th.. country.
It is alleged that particularly heavy loss was entailed in large shipments of groundnuts to the United States, which
ich were sent back
Hanke Take Charga,
have meanwhile taken
shall not be interfered with or ham- pered in any way by the licensee: shall not be deemed to infringe or the carrying on of such service affect the rights of the licensee or to give pise to our claim that over by him."
MISSION TO SEAMEN."
it is not impossible that they will Song has returned to his post of close if "unscientific
Minister of Finance taxation
of the Hankow strangles their business In Hang-
Government, chow most of the silk filatures are
The Peace Gestures.
KUALA LUMPUR, July 17th. already closed. The tax on four
At any rate, there have been
A pleasant function took place at assiale the native mills against im gestures toward peace but these
St. Mary's School Hall yesterday parted flour, but even the tax on tres can lead to nothing be
evening, when a large gathering assembled to bid good-bye to the native flour bring this commodity use Hankow will not accent les
Bishop and Mrs. Ferguson-Davie. The Committee of the Mission to beyond the purchasing power of the than subordination of Nanking to
Fresentations were made to the Scampen gratefully acknowledge. people. The new tonnage dues with itself. And even if Comrade Boro- The banks f
Bishop on behalf of the European subscriptions received as under hare the inevitable result of ni were dismissed, there are auth-Rosession of Corporation's pre- and Tamil congregations and to ereusing transshipments at Heng cient Chinese Communists to carry American Authorities and the Ame the Church Workers Association of and the co-operation of the Mrs. Ferguson-Davie on behalf of Kong and Kobe, so that thousands on the work without him. It must rican Overseal Warehouse Co. is Selangor. of deck-workers will be out of then be war between Nanking and being sought in regard to an inThe Bishop, in reply, thanked vestigation of the Union Trading them for the gifts and the warm work.
Hankow. Nanking can win if Corporation' goods lodged in the sentiments, and expressed the hope Now, no one can question the General Chiang Kai Shek would Overseas Warehouse Co. godowns that under his successor the Diocese tset that Nanking needs money
satrust" Governmental matters to yoich are believed to represent a would go forward to even better that the success of the armies de Kuomintang leaders of experience large sum. It is said that some, days-Singapore Free Pren, - pends upon" money, nor even can and if the Government bad 2
not all the banks, are covered by "it" be denied that during "all wars greater regard for the welfare of mortgages. nations resort to peculiar and dire the people. For Nanking is still methods of raising funds, but one
of the principal tasks of a Minis tied by Chinese 28 better than corned, in amounts varying trozo
Hankow or Feking and
"PENANG, July 17th Mr. G. A. Hereford, District
Yarious Chinese banks are con PENANG DISTRICT JUDGE $100,000 to $500,000, while a certain
TO RETIRE. try of Finance is to guard the in- General Chiang is still a popular Sino-foreign bank is alleged to be dustry of its own people, so that idal in this part of the country involved to the extent of over a taxation does not destroy have Nanking his the good-will of the million Mex. One or two foreign Judge, who is shortly retiring after industries and throw men and won.
Nanking is still able to banks and compradores are also og years service, was entertained men out of work.
The Nanking Government should bourgeoisie in Slinggha ya vily concerned.
LATZE on Friday night at a dinner in the guard against this possibility with king loses this mass enthusinam, Mr. Chi appeared at the office of private reception room at the E. even greater meticulousness than the eventual war for mastery of his Corporation last evening, and and O. Hotel, by members of the any other Government, bectuas its Shanghai will be between Bauków was arrested by the British Muni Penang Bar. The function was Struggle for life must ultimately be and the North, frobably with Marcipal Police, who hagge
hipi eser very successful une-Singapore not with the North but with thoshal Sun Chuen Fang leading. forthwith to the City thorities
Free Press.
muster enthusiasm
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