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Milk Stout
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[81
MANCHURIA FOR THE CHINËSE.
JAPAN'S MODIFIED POLICY.
HUGE. IMMIGRATION AND GROWING PROSPERITY.
LESSONS FROM THE PAST.
[BY COUNT SFORZA]
WAR AND THE OLYMPIAD.
SHADOW OF A SIEGE OVER
SHANGHAI ·
CHIANG KAI SHEK WAS TO
* BE CHIEF PATRON.
SHANGHAI, August 10th.
WAR DEBTS.
THE AMERICAN ANGLE,
NO SENTIMENT FOR CANCELLATION;
BY JOHN 9. STSELE.]
do they think of us in They don't like us, do
The fall of Chiang Kai Shek, chiet
South
patron of the Far Eastern Olympics. and the impending attack on Shang.Europe hai by the Northern armies, have they "
This question was asked of me produced a chaotic situation which threatens the success of the Eighth by almost everyone whom, I met Far Eastern" Olympics, says
"What
More than in Canton and Han- The admirably managed kow, where men and ideas come Manchuria Railway guided the and go like the Chinese shadows peaceful invasion.
The Japanese that they are; more than in Shang- bought farms and started factories. hai, where a big British community! They imported from China suitable, naively considers itself England as workers for their farms, na the ance Ulster did; more than in Japanese peasants proved too ex- Peking, where a Diplomatic Body pensive" and unequal to the hard mistakes old names and hollow Manchurian work..
palaces for living realities-it was
Chinese
But everywhere the in Manchuria that I saw at work | peasants gradually became the pro- the process that is the everlasting prictors. The Japanese had want- strength of China. In Manchuria, ed rapid guins; the Chinese were too. I found a great military content with economies, made at nation-Japan-apparently realis the cost of every comfort in-life. ing the sterility of its past nation- The Japanese wanted clean houses alistic and military policy.
and gardens; the Chinese were con- It was in 1844 but yesterday intent to crowd inte mud huts. In- China's history-that the Ching, different technical management coming from savage Manchuria, added to the poor production of broke the main defences of the the Japanese masses. The failure Great Wall and entered Peking soon became evident. where they sat, until 1912, on the "A Lesson, Shrewdly Learned. throne of the Ming. Only in the
Luckily for Japan the Man last years of their rule, about 1904, charian lesson was learned at the did the Ching withdraw a lens same time as the more general les established prohibition of Chinese son of the results of the world war immigration into Manchuria. With Nations, when they learn some. their dynastic egoism they had thing, generally learn only in the wanted Manchuria to maintain her course of generations.
In Man-
nor Chinese character, to remain a churis it seems as if Japan has rezervoir for Joyal garrisonscarat in twenty years a very im throughout unsteady China. Of portant historical lesson. One course, in the day of danger the garrisons were of to use; Man churia had become a desert, a de sert twice the extent of Great Britain.
HONG KONG STOCK EXCHANGE.
CLOSING QUOTATÏONS.
A.K. Bant
Do
AUGUST 22ND, 1927. ......$1,060 buy.
London...2114) nom.
Chartered Bank,
£30 nom.
Marcantile Bank, A. 8...£33 nom.
bay.
U...eist num.
308 .$390 sal
P.&O. Bant East Asia Bank, Canton Insurance..... China Underwriters North China Ina........
Tla. 143 nom...
Union Insurance bay. Yangisse Insurance. 337 nom.
Fire Insurance...$210 buy Cong Fire Ins.4000 el.
a during my recent trip to the ...
The gathes were scheduled to start one week from to-morrow with Chiang Kai Shek as chief patron. The Philippine delegation have just arrived, making a total number of more than 300 athletes representing China, Japan, the Philippines and Hawaii.
Indo-Chinas (Prat)
Do
Da
(Def.)
Shell Transports** Star Ferrier China Sugars........ Waterboats.........
Bengtots........ Malabon Sugars Kailan Mining A
$31) Bum.
$1) eL
180 sta, gul. $30 под. $15 bay.
92/ nom,
$54) bay, $16.90 nom.
$13 sel.
$32 Bel.
United Press messagh to the United States, and to each of them Bamboo
my reply was, They won't ask Hong Kong Tage.... Manila Times.
me when I get back what you think of them. They aren't interested, and they think 'very little about you."
It must not be supposed, how ever, that this was a confession of guilty conscience about the debt cally does nos feel guilty. A few situation. America most emphati- college professors may, but the man Dangle). in the street, when he bought Bha Explorations ..... Liberty bonds, did so in good faith, Shanghai Loans...The. 6 non. and believes he ought to be repaid. Banba........
E.K. $1.63 bay. it is rather the result of the debt Tronoh Miner
.19/3 nom. cancellation agitation which has Ural Caspiana. created the impression that Europe. W. Docks...
& K. Wharta
Hints Fostponement. Dr. C. T. Wang chairman of the Chinese National Amateur Athletic Rai is only sure swept into the centre of the civil war, it might result in a postponement of the games, not cancellation.
is once more
The financial success of the tour-
assured. nament is
Last-minute.
donations obtained from Chinese merchants by officials in charge of arrangements have provided the necessary funds.
Uncle
Ad.....
Langata (combined)..
hates Amerien, and it has been for Haka daw beret by incidents like the Shylock" campaign in England, New Hagiacerings. the importance of which was great-
Shanghai Dooks HK8 Ketola ly exaggerated in the United K Lands States.
I
Hong
.7 acm. 49/- buy. Tha. 18 bay, Ti.. nom.
S nom
./. ROZI,
bay. $95.com.
189 bay.
„TH,
buy.
8 buy.
301 201.
312 nom.
Realty.....$8
..380 nom..
$1 som
Tir. 7.50 bay, 7 .
Tis. 1.80 nom.
(now)......Tls. 95) nom.
Do. (now)
Tractions.
27 nom
m. 7 $20.80 nom.
$14
37
sol.
$7 sol
H.K. 17amways Peak Trama (old) Singapore Amusements. Uementa (combined).....? Outan Ices
zel.
...ēl now. .....$20 buy,
BOL.
BOE.
Do (old) $8,60 pom.
Da.
Tribute to Britain. One of the leading statesmen in Humphreys states, America to-day was the most pro- Eural Lands Washington declared to me that Prince's Buildings.. sperous and best hated country in | Ewo Cottons the history of the world. "They Orientals are all jealous of our prosperity," Shanghai Cottons (oil)...T. $1 nom he said, while another statesman, China Buses
Do, The grounds of the China National almost equally prominent, made
the Athletic Federation are in good
same statement, adding, ex- cept the British, who have recog- condition and ready for the games, nised their obligations like men. Unless the war causes a postpone and are carrying" them out.", ment the contests will start on the found this to be the general at 27th and end on September 3rdington. The British are respected. titude in official circles in Wash This is the firet Far Eastern meet and in most quarters liked, while to be conducted solely, under Chi- for some of the other former allies and associates there is nese officials, although three of the nothing but contempt. 8 Olympics nave been held here. There is absolutely no serious
sentiment in America in favour of China The games are attracting more debt cancellation, and the propa- Constractions international interest than ever be gandists of this policy, both in Dairy Farms. lure. The American colony is con- Europe and America, are only do- Der A Wings H.K. Electrics cerned chiefly with the Chinese ing harm to their own cause. Public opinion in America may
Macao Electrics baseball team from Honolulu and change in years to come, but there HK. Hopes (old) the Filipino delegation numbering is no sign of it now. The average
Du. (new)....................45 nom. 15 Lane Crawlorin...... American, and particularly the more than 100 first class athletes.
Western farmer, who constitute Bucere....... Mackintoaks.
92 bay. the most important element politi-United Anboston........
..18) пом. Watching Filipinos.
baseball cally, cannot see any difference be The Filipino amateur
Watsons (old) 200.. tween national and a perional
Wm. Powells...... team is being backed by Americans debt. He is willing to wait for
Telephones
►
meet
may watch in Manchuria now the general demobilisation of the Jap- ninese immigrant. More than that, Japan is encouraging the growing Chinese immigration from Shan- But a few years of freedom of tung, which is rapidly creating immigration have been sufficient. new Chinese centres, everywhere. Where on the marrow of the Boxer Even Japanese industry, if at all rebellion there hardly lived more speculative, is now frowned on by than a few scattered peasants and the Government. A prominent shepherds, there are now 22 mil- Japanese statesman said to me in lions of a homogeneous Chinese Dairen. Only with perfect organ-tennis player who will be matched population. The Manchu Janisation, Western science, adequate guage, of those who for two cen-capital, and. Chinese sympathy can turies and a half were masters of we hope to work in China. With China, tas disappeared, submerged out these we are doomed to fail." by the Chinese floods. It is only The change-of-tactics-has-not in at the Re-ling tombs, a few miles the leass diminished Japanese from Mukden, the resting-place of the founder of the Ching dynasty, that one may find some inscriptions in Manchu characters Nobody is
now able to read them.
Japanese Colonisation. What happened with the Man chus is, in a way, happening with
"
(now). 51 vel.
Chius Lights (comb.)......$13 sel.
Da (old)....RL.
(B)... nom Providenta
...bay.
The Western Farmer. The argument that the money lent by America to Europe should be considered as America's contri- bution to the common war effort means simply nothing to him. When the loans were made it wis not, bis war. It never was his war O
$16.20 bay..
36 noin... $5 buy.
$37
bay, $10 no
Roi,
$i; nom. ...35 al. ...43.70. sel
BOEK.—DJmina).
EXCHANGE.
ULOSING QUOTATIONS.
August 22nd, 1927. LONDON, Telegraphic Transfor
to win first place. Interest also payment if his debtor is in dificul centres in the Filipino basketball ties, or even to forgive the debt if buy-bayers; wal-sollers-les. be is satisfied that his debtor caa- team, but this group is likely to not pay anything. He beleves, Japanese and Chinese teams.
stif opposition from the however, that the debtor- ought to
pay if he can. A few athletes are here from India, marking the first time Indis has ever been represented. Sigga- pore sent Khoo Hooi Hye, a star with the famous Aragon brothers of the Philippines, as well as with others.
There are more than 20 girls among the athletes and they plan to take part with the others in a great street parade preceding the games.
Members of the Municipal Coun- cil anticipate that Shanghai will be under siege within a week and the commanders of foreign expedition ary forces in Shanghai have been urged to prepare for a repetition of last February's disorders.
Refugees from Nanking are al- danger of pivil war must be ward-ready arriving here and bring the report that the Northerners are al-
Man-
hopes in Manchuria. Only, the formula seems to be now: churia must remain in peace; any
in the sense that it was an English. man's or Frenchman's war. knows that he invested his savings in Liberty bonds to provide the money lent, and he was assured when he did so that the natione to which it was lent would repay it when the war was over. Of course, these bonds were issued by the American Government, and will be repaid by it, but the holder of Liberty bonds is also a taxpayer, and he knows that if Europe does
1/118 Bank Bills, on demand ...1/1) "7/16 Bank Bilis, at 30 days' right Bank Bills, at months'
...1/114.
Credits; a14 months' sight 2/07/16 Documentary Bills,
months' sight
On P430,-
.9/08/16
Bark Bills, on demand ' 1,205 Credits, 4 months' sight. 1,280
On New York-
Bank Bills, on demand
ed off from the three provinces; the ready virtually in possession of the not repay he will be taxed to pay On Cration at 30 days right
ره
receive
Manchurian plans must more and more Chinese im- migrants; those growing millions
former Nationalist capital. There are no foreigners in Nanking and no foreign warships in the harbour. The gray outlines of the foreign feet still dominate the harbour of Shanghai. The Chinese city is in a state of unusual tension, being for the first time in several years without any government which can be readily identified...
GREATER TOKYO..
MAYOR PLANS CITY OF 5,000,000 PERSONS.
BOKBA
476
Bank Bills, os demand... 131
Bask
OF
ន
Transfer
on demand... 131
791
SHANGHAL Bank Bills, at night Privala, 30 days sight
ON YOLOHAMA ----On demand... 100 ON MANILA-On demand- 951
11
ON SINGAPORE -On'demand... BIO demand Or Hawnoza. On domand... 'OX BATAYLA/-On
his own nation's debt to himself. Telegraphic Transfer
This, I think, is a fair repre sentation of the present state of ON OLLUT mind of the ordinary American voter and taxpayer, and it will re- quire more than mere argument to change it. It will not be changed by European abuse. That is re- gratitude, and serves to barden garded only as a symptom of in-
American opinion against any re mission of debt. It may be chang. ed at some time in the future by the argument of economic facts. If the common "American realises that the tangle of international finance is.hindering trade and hurting the world at large, he may be ready, to make an immediate personal sacrifice for the larger general pro- fit, and in this he is likely to be actuated by really altruistic MR. ROCKEFELLER AT 88. motives.
Or Basox-On 'demand
HOM. OK BIGKOK ---On demand ... 954 Soves, Bank's Buying rate $9.90 GGLE LAY, 100 Bas, per fasl... BAS SILVER, per os.
-25
the Japanese, whom the Treaty of are to develop into a happy world Portemouth (1905) had practically of exclusive customers of Japanese It is not true that left masters of South Manchuria. industries. The Japanese Government thought Chang Tso Lin," the war lord of it could take advantage of its pri Mukden, is Japan's man. There vileged situation to carry out is no love lost between the two. policy of colonisation in Man But he appears to be strong, and churia. For decades the problem ho keeps the three Manchurian pro- ! of the overpopulation of the Nip- vinces united under a firm rule.
TOKYO, August 6th. pon Islands had been the gravest If Chang disappeared fendal strug- Mayor Nishikubo, the new Chief Executive of Tokyo, has revived the problem of the nation. Tokyo in gles might ensue.
ideas of the creation of a greater
Mellon-Churchill Controversy, these years despised the Chinese Those politicians who are infect- Tokyo, dropped at the time of the
I quite like the idea of Mr. Rocke- 1923 earthquake. Tokyo proper is Constant discussion of the debt- race. The memories of the victory ed with a cheap Machiavelianism a comparatively small city, the on this side of the Atlantic does feller, once the bogy-man of Ame over the Russians had given the will hardly believe that Japan has with a 5-mile radius with the Bridge America either as whining or as assuring his countrymen that he
limits
of which are a circle drawn only harm. It is regarded in rican politics and commerce, now
people a sense of overwhelming learned the vanity of passing dip of Japan-the Nihonbashi-as the an effort to avoid just obligations.
centre, the circle taking in a con- The Mellon-Churchill controversy spends his eighty-eighth birthday strength. Manchuria became the Iorastic successes.. Everything, iderable portion of Tokyo Bay, did nothing but harm. As I have
"with good will to everybody," saye national cry.
Within this circle live approzi already said, the average Ameri Enthusiasm was however, 'points to the fact that it
an Evening Standard · writer, inately 2,500,000 people, while can respects Britain for having general for the programme of is The Great War and its touching the circle and to all prac met her obligation, and he was of industry and finance is now The veteran of the brigand age creating a continental Japan just scanty gains have taught a great tical purpose forming parts of the shocked to and in this what he "America's greatest philanthropist" lesson that Japan has learned.city-are--13 large and small towns, thought was an effort to get out where nature had shaped the And if the Japanese realize that with an aggregate population equal of the settlement, or a least to and filled with the milk of human kindness. He plays golf, cherishes to that of Tokyo. The plan now is whine about it. geographical sword, Korea, point a policy of peace is the only practo incorporate these adjoining I have been careful to refer in all the hope of doing nine holes in ed againer the very heart of thetical one for them in Manchuria, towns and make Tokyo a eity of that I have written to the ordinary forty-four, and of living to be American the man who would be one hundred, enjoys perfect health, is it possible that they realise that nation. Adventurers and peasants, it is also the only one for them all the towns within a circle drawn street."
The original idea was to include called here the man in the end, I dare say, never wastes & " Instructed opinion in moment's thought on those lurid traders-and-farmers flooded in tens to follow in the rest of China from Nihonbashi with a 10-mile America is unanimous in admire early days
radius, which would have brought tion for Britain's financial probity, The theory that the leopard does of thousands into the towns and Notwithstanding certain transient enough towns-and-villages within and in respect for her courage in no change his spots was invented felda of Manchuria. The Govern features, I am convinced that they the city limite to give a population face of great difficulties.--Sunday before the discovery of America
of nearly 7,000,000.—Manila Time-Limes._**
"end-of-oil" -encouraged:- the--moveinent: do-Hanchester Guardian.
*
Evo million