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THE HONG KONG DAILY PRESS, WEDNESDAY, JULY 18th, 1928.
THE PRINCIPLE OF
GOVERNMENT.
UNIFIED
WHY KWANGTUNG'S FINANCICAL. PROPOSALS WERE REJECTED.
1
NANKING CONFERENCE'S FINAL RECOMMENDATIONS.
A copy to hand of the North-China Daily News describes the proceedings of the National Finance Conference on the day that Kwangtung's proposals for at least one year's financial independ- once for that Province came up for discussion.
THE SUPPRESSION OF OPIUM.
NATIONAL ASSOCIATION PRESSING NANKING,
STRONG POLICY CALLED FOR.
In the Financial Conference held in June, the National Anti-Opium Association was represented by its secretary, Mr. Garfield Huang and the question of opium suppression was thoroughly discussed. .
HỒNG KONG POLICE RESERVE.
[ORDERS BY THE HON, MI. K. D. G. WOLFE, C.M.G., CAPTAIN-SUPER- INTENDENT OF POLICE.)
Police Training School. The weekly classes for Police Reservists at the Police Training School, Kowloon, will be held on Wednesday, July 19th, at 6 p.m. and Indian Companies who have not sharp. All members of the Chinese
yet passed Part II of Training Course must attend.
at
Squad Drill All recruits of the Chinese and Indian Companies, and of the Flying Squad will parade Central Police Station on Thurs- day, July 19th, at 6.30 p.m. sharp for Squad Drill under Sergeant Congen. Dress: Mufti.
Chiness Company. Training: The following members of the Chinese Company have pass-
Mr. T. V. Soong; chairman of "Sympathy" was promised but the Conference was unanimous the conference, said that the in standing out for the principle of "Unified Government."
Nationalist Government were quite NANKING, July 11th. After tariff autonomy comes into determined to suppress opium, not The dramatic feature of the force all imports shall be liable to for the purpose of raising revenue, National Finance Conference's, last only and tax-no further levies but setting aside all money raised meeting yesterday was the rejection being collectable. However, the for further suppression and 'educa- purposes. A National of the Kwangtung proposals that preceding provision may be adhered tional as she had incurred large debts to as a measure of convenience, Opium Suppression Committee heed their examination in Part II, of since the formation of the Republic she should be allowed, for the space of at least one year, to work out her own tax schemes independent of the Finance Ministry, with special reference to cigarettes, salt, gambling and opium.
pending other satisfactory arrange ments.
The salt tax throughout the entire country shall be unified and effective control of the salt-fields secured as a pre-requisite for improvements. All land taxes shall be considered as provincial revenue.
Likiz To Go.
said, would be formed, on which Training Course (knowledge of the Ministers of Foreign Affairs, | Police Duties and Regulations):—
Constable Rat Wong Man Ying- Interior and Justice would be ask
passed_with_credit.
ed to servo.
Mr. Garfield Huang, the secre tary of the Association, went to to visit the Nanking last week Commissioners of the Government concerned and suggested to them a programme of opium suppression containing the following ten
points:-
$
National
The delegates were almost to a man Brmly against the proposal, acceptance of which would mean the
The Ministry of Finance shall negation of a unified government. appoint a Committee for the aboli- The Chairman, Mr. Soong, said that tion, of likin. Kiangsu and Che- (1) To organize while for two years Kwangtung had | kiang will abolish likin before the Opium Suppression Committee borne the brunt of expenses for the end of September and the other pro- which is to undertake the full northern campaign, and due conside- vinces will follow suit before De- responsibility for the total sup ration would accordingly be given cember.
"pression of opium in China. The her, the general principal of uni- To make up the loss of revenue Committee should consist of repre- fication of finance must be applied from likin, special consumption sentatives from the people. to all alike. The Ministry realizing taxes (national taxes) shall be im- the complexity and diversity of the posed on certain articles; but such provinces would, of course, sym. daily necessities as rice, wheat, pathetically view any special prob-native-made cloth, etc., shall be lems brought up by the provinces, exempted. subject however, to the demands of cational interests. The Chairman's proposal was accepted with general approval.
National And Provincial Revenus.
The general programime of finan- cial unification was adopted in its entirety; it "consists of two parts: (1) Financial policies which aim at the improvement of the financial administration of the country, the fair distribution of revenue, the definite apportionment of respon- Bibility, and the elimination of waste, and (9) Economic policies, which aim at the development of the country's resources and indus tries and the expansion of trade. The following is a summary" of the main recommendations.
Demarcation of national and pro-
vincial revenue and disbursements shall be entrusted to the Ministry
(2) To cancel the present opium suppression policy. An effective one should be drawn up by the National Opium Suppression Com-
mittee.
A graduated income tax and in- (3) To use the income obtained heritance tax are recommended. from opium suppression for fur- All commercial taxes are classified ther opium suppression and educa- as provincial revenue and the rea- tional work, and not for any other pective provincial authorities shall purpose. begin to lery the tax accordingly,
(4) To abolish the opium mono poly and the licensed opium com- panies.
1
Recognition Of Loans, (a.) Domestic and foreign secured loans shall be paid as heretofore.
(b.) To clear up all unsecured for- sign and internal loans, an impartial commission. shall be appointed to investigate cach caac with a view to solving the problem justly.
14
The recommendation of the Eto nomic Conference at Shanghai limiting the Army to 500,000 men and the current military expendi- ture to $192,000,000 annually is endorsed. unequivocally.
(5) To enforce the registration of addicts and compel them to drop their habit within a limited time (8) To establish amelioration hospitals throughout China.
(7) To investigate the state of the trade in morphine and other narcotic drugs in China for the purpose of showing all the facts to the forth-coming International Opium Conference.
(8) Severely punish officials who encourage the cultivation of poppy
ópium.
Constable Bro Lo Tak Hoi-pass-
ed.
Vichy Celestins Natural Mineral Water
from the famous Celestins spring, is a very pleasant corrective .for gastric troubles and liver dis- orders.
It gives zest to the appetite and helps one to enjoy the pleasures of the table.
VICHY - CÉLESTINS
Obtainable, at Hotelë, Clubs, Chemists and Stores,
or from the
Sole Agents:
Advanced men of the Chinese The French Store
Company to be detailed by the O.C. will parade at the Police Train ing School, Kowloon, on Wednes day, July 18th, at 4 p.m. sharp for Extended Order and Baton Drill under Inaptetor Paterson. Dress: Mufti, rifle, side-arms, and trun- cheon to be carried.
Indian Company-
was Khan is permitted to resign Resignation: Sub-Inspector, Kha-
as from July 11th, owing to his being about to leave the Colony for good Mohamed has passed his examina
Training: Constable Re38 Noor
tion in Part II of Training Course with credit.
11
Flying Squad.
The weekly instructional patrol of the Hong Kong Section will take. place on Thursday, July 19th Fall in at Central Police Statian nt 5.15 p.m. sharp. Dress: Khaki uni- fort.
Revolver Practice: Sunday, July
28th, has been tentatively axed for the members of the Flying Squad to fire off the Revolver Course;
later.. further particular will be publisbed
Sharpshooters' Company.
Rife Practice: Rifle practice will take place on the Peak Range on Sonday, July and. Members will assemble at the Upper Tram Sta-
Beaconsfield Arcade.
tion at 10 am. Uniform optional..
rgd.) W. Kar, ApWhy not have the
Adjutant.
cooling.comfort Hong Kong, July 17th, 1928.
HONG KONG STOCK EXCHANGE.
'CLOBING QUOTATIONE.
of Finance subject to Government gold standard as the ultimate ion in every province beginning Mercantile Banks, A. &B...£38 nom.
approval. There will be quarterly reports on working.
All revenue belonging to the Ministry of Finance shall be remite ted direct to the Central Treasury without being detained.
Both military and civil expendi ture shall frst be approved by the National Government; no payment is allowed without permission from the Central Government.
aim; a National Bank alone em-
powered to issue notes; a central Exchange Bank, agricultural and industrial banks.
Improvement of railways, posts, telegraphs and,, shipping; employ- ment of disbanded troops on public works, encouragement of native in dustries and the like are all subjects of recommendation,
The official news agency Kuo
Min' report of proceedings con cludes as follows:-
from this year.
nome
(10) To dismiss and punish all military and civil anthorities who are found to deal in opium.or who are addicted to opium smoking.
At Nanking, Mr. Garfield Huang held & long conversation with Mr. Hsieh Tu Pi, Minister of Home Affairs, and Gen. New Yung Chier, Commissioner of the Nationalist Government, regarding the ques tion of opium suppression. Both "The above financial and economie Mr. Hsieh and Gen. New said em- policies shall be carried out to the phatically that the Nationalist | Langkats (combined)....The. 12.10 nom. fullest extent possible beginning 1-A new national tariff schedule from the current year. The Central Government had decided to revise shall be prepared before the de- Government and the provincial the present opium suppression claration of tariff autonomy. Pend authorities have agreed upon the policy and take definite steps for ing tariff autonomy, foreign imports fullest co-operation and it is hoped the total suppression of opium in of a similar variety to native pro- that the new period of rehabilitation China in accordance with the re- ducts on which an internal levy is will soon begin with the carrying collected, shall also be liable to a into effect of the many policies as commendations of the National consumption tax like native pro- decided at the National Finance Anti-Opium Association North ducts.
Conference."
China Daily News,
Receipts, disbursements, deposits, and auditing of the Government's finance shall be strictly under the control of the Ministry of Finance,
Customs Salt And Land,
#
AN® M.P.'S DEBTS.
£6,000 PARLIAMENTARY
EXPENSES.
Economic Improvements.
- JULY 17TH, 1928. The Conference then recommend or who are slack in suppressing A.K. Banks...$1,285 bay, & 18. substitution of dollars for taels and
Do Londen...£139) nom. (0) To prohibit poppy cultiva- Chartered Bankı ....................£22) bay,
Day
0...214 ROM P. & O. Banks
La nom East Asia Back
$75 nom. Canton Insurances.....$20 pom. Onion inanLTALION E
341 bay NorthÜhing Ins." ... 1455 bay. Yangtze Ingarano
$50 nom. China Underwriter ..............$2) sol. Okina Fire Insurances....$235 buy. Hong Kong Fire Ins.....$722 nom. HK. Bumbosti.....3272 20... Douglass **num.mköög sai, US sa. H.K. Indo-Chinas (Pre) 864 Day. Do. (Def.)......$70 buy. Shell Transporta
serpiace · Luty muc Waterboat $20 bay, Wi eel Bangheta ......$ij bay. Kalan Mining Aanin....V0ƒ- nom.
Do. (g)*** The 4.15 boy. Tia. 5.90 au2. B'hat, Explorations Shanghat Loans Tls, 34 nom, Baubs-14,40 buy,, 4.60 18. HEK. Whats.3136) buy. Trozoh Mines resmi..17/8 not. K. & W. Docks.....$40 bay, China Providents.35.10 buy. Hongkews
Ti, 156 nom. New Angiuserings.....Tis. 5 nom.
********* Tis. 107 buy. Shanghai Docks Bwo Cottons ....Ths. 8.65 bay. 8.83 sal Orientals Cotton............ Tl, sel. l'hai, Bottoni (old) ......Tla, bĺž nom. Do, (new)...........Kia. 271⁄2 nom. H.K.&B. Hetals... $8.80 bay.
$664,buy. A sa.. Tla. 138 buy. Humphreys Fatate........$14.85 buy, 14] an. H.K. Remities B.K
ceipt of his commission's was, 'de layed.
He first went to a money-lender in April or May 1925, and he had been in their hands on and off" ever since
Registrar's Rebuke.
LONDON GUARDIANS -
SWINDLED.
PRISON FOR DISHONEST PARASITES.".
H.K. Lands
Shanghai Lands
Peak $25 sek., 24,70 as
(old) ....................... 13 bay. Do. (now)....
$8 nom Star Ferries
3041 bay. Uhina Lights (old).............. $11.85 bay, 111
11.70
nosa. *19) sel.
пр
3161 buy.
He attributed his failure to his Ιπ the London Bankruptcy losses
on business ventures in Court, the public examination was Southampton and Paris and to ill- Edward George King, of Shafter- held, of Mr. Cornelius William пев.-
bury Street, Shoreditch, and Rich. James Homan, M.P., of Ashton- He denied that he had indulged ard Horan, of Chathens Avenue, under-Lyne, Lancashire,
in some speculative enterprises, Shoreditch, were summoned at In a statement of affairs he He did not consider that there was Old-street Police Court for making
Do. (now) estimates his liabilities at £28,968,* {*
to obtain relief Do: (1928 Issue)"
H.K. Electrica Of these £12,623 are expected to any speculation in buying a busi false statements ness for £450,000.
from the "Shoreditch Guardians. rank. He claims" to possess assets
Co.
(new) King appealed to be allowed to that leave a surplus of £31,1507-
Macao Electrics Mr. Homan returns the interest He could not remember whether repay the guardians on account of
Telephones....nar $6,90 buy, 6 s. from his wife and child. on borrowed money at £7,000 since the petitioning creditor,
China) Mr. Dummett, the magistrate: Bingapore Tractions.....11/3 nom.
Bus.11a. 10.60 buy. December 31, 1924, and his parlia whom he obtained 3. loan of
Do. (Pre)...17/6 nom. mentary expenses at £6,000 since £3,500, was continuously pressing You should have thought of that
An honest workman does China Sugar minn the same date.
for repayment:
not want to apply for relief, be Malabon Bugare...324) nam. cause he is too proud to do it. Caton Loes unless compelled. The dishonest Cements (combined).....39.35 bay. parasite on society takes advan-
(old) ***** (new) tage, by making false statements when he is actually earning a living. H.K. Roper (old) 36+ buy. to get money to which he is not Do. (Bow) ........15.10 moni
United Asbestos main:39 sel; entitled.""
Day Farms $21.90 bay, &
***** 14 sal.. Was (Continued as foot of nézt columes.】
Mr. Registrar Francke: You can not remember i-No.
I do not believe you. It is ridiculous, a
Answering Mr. E. Parke, the Official Receiver, Mr. Homan asid he was 27 years of age, and financial adviser. He also recover ed Excess Profits Duty, usually on Mr. Homan, admitted that two a 33 per cent. commission basis, days before the date of the receiv It was the commission which he ing order he bought a motor-car estimated to be recoverable that re for about £350, and handed it to presented asset, of £30,000. his uncle in satisfaction of a debt. These claims took a considerable" The examination was adjourned time to investigate, hence the re- until July 28th.
before.
He sentenced King to 21 days bard labour, and Horan to three months' imprisonment.
Do. Da,
W
of a Westinghouse Electric Fan?
Reiss, Massey & Co, Lti. Eole Distributor
For Hose KosG AND FOUTH CHINA.
Westinghouse
INSURE
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[106
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