CANTON MINT.
-OPERATION CEASES THIS MONTH.
[FROM OUR OWN CORRESPONDENT.]
CANTON, July 1.
Mr. Far Ki Mo, Commissioner of Finance, has to-day ordered the -Mint to cease working within this
STRANGE DOINGS AT SWATOW.
PROMINENT JOURNALIST.
ARRESTED.
PROTEST BY CHAMBER OF COMMERCE.
It will be remembered that some
HONG KONG DAILY PRESS, WEDNESDAY, JULY 2, 1930.
CORRESPONDENCE. TIENTSIN CUSTOMS SHANGHAI EDITOR'S
BROKERS AND THEIR CHARGES.
(TO THE EDITOR OF THE HONG KONG
DAILY PRESS."]
SIR-My business brings me in frequent contact with sharebrokers, and I have therefore watched with
SEIZURE.
WHAT IT MEANT TO THE MERCHANT.
ATTITUDE OF AMERICAN CONSULATE.
Tientsin manager of a prominent The following letter from the
ARREST.
HIGH-HANDED ACTION BY
MILITARY,
„KEPT" IN PRISON WITHOUT
CHARGE,
(UNITED PRESS,]
Foreign and Chinese newspaper-
moath, or as soon as all the silver weeks ago we published news from more than usual interest the step foreign firm gives a clear illustra- men of Shanghai have become. |
bullion in store has been used up.
The Commissioner states, among other things, that the continued output of coins would seriously affect the value of the silver dollar
15
which merchants and shipping firms in Tientsin were placed by the seizure of the Tientsin Customs. The letter, which was dated June
Swatow concerning the arrest of taken recently by the Share and local banker. He was taken to the Real Estate Brokers' Society. tion of the difficult situation in police station, with his hands boundeduction in brokerage charges is behind him, because he asked the long overdue, and I am sorry, to tax collector to come again another day to collest the 20 per cent.
sue from the accounts published in electric light takan impost which was generally regarded as illegal. The result, after meetings of the Bankers' Guild and the Chamber of Commerce, was a "strike" for one day by all shops. The unfortunate banker was released, and shops re-"
The compared with gold. greater the output of silver coins, the higher the value of gold. One of the ways of helping to stabilize the dwindling dollar, according to the Commissioner, is to stop coin- ing and circulating, any more new 20ent pieces. Moreover, the Gov-amed business next day. ernment Depository has plenty of
A few days later a journalist
your paper that the officials of both the Stock Exchange and the Share-21, was in the following terms: brokers' Association are trying to laugh the "members of the Share and Real Estate Brokers' Society
out of court!
The figures you publish over the name of Mr. Fernandez are very. interesting indeed, but it only takes a little study to perceive that while
aroused over the seizure and deten- tion without charge or trial of Samuel Chang, news editor of the semi-official Kuo Min News Agency, by local military authorities.
Chang, a well-known American- educated Chinese, accepted an in vitation to luncheon at a restaurant on North Szechuen Road, just over the boundary of the Shanghai International Settlement and in Chinese territory. During the course of the meal a group of military detectives catered the
silver money in store to back up named Mr. Chim Tich Ngan, man there is a small reduction here and can Consulate-Genera) is that ap- place, and took Chang and others
its redeemable notes of the one and one hundred dollar denomina- tions.
aging editor of the Tien Sang "l'ao, a local Chinese daily paper, and also adviser to the Swatow Bank. The Commissioner is of the
ers' Guild, was arrested, presum opinion, that the dwindling value of
ably on the order of the Mayor the Canton subsidiary coins will and the Commander of the 81st Division, apparently for no reason whatever. It was not until a few NATIONALIST GOVERNMENT days had passed that the news was made public that, acting upon in structions. received from the Can- ton authorities, he was being de-
to a certain extent, be checked.
BIRTHDAY ANNIVERSARY CELEBRATION AT CANTON,
#
{FROM OUR OWN CORRESPONDENT.]
CANTON, July 1. To-day being the 5th anniversary of the birth of the Nationalist Government, Canton is "bedecked with flags and floral designs.
tained for disturbing the pence of Swatow,
A Curious Appeal. Ap ́announcement appeared in several Chinese papers, inserted by
יו
of the party, including the host, an official of the Ministry of Finance,
The Shausi faction have to-day gathered together an indoor staff of Chinese who attended at the Maritime Customs office for the purposes of leading the routine, and it is anticipated they will com- mence functioning on Monday in which case the advice of the Ameri-
theplication he made as usual. Should there in low-priced stocks, brokerage on practically all the the Customs House not be open for
stocks is higher. business on Monday, and during into custody. higher-priced with all due deference to Mr. such time as the Customs remain Fernandez and his fellow members, closed for the transaction of public leased, but Chang was removed to I think the Society is rather business, American vessels will be the Shanghai and Woogang garrison optimistic if they expect to get any cleared by the American Consulate prison at Lunghwa, where for the business at all in auch good invest and cargo accepted by American first day he was confined in a miser- ment's as Ferries, harves, Lands, vessels against a banker's guaranteeable cell with chains on his ankles, Electries, Unions, etc, where there to the shipping company concern- Subsequently he was removed to is a continual demand all the year ed that duty will be paid when better quarters and left unmanncled,. payment is called for by the Cus. but for more than a week he could not be communicated with and toms.
efforts of friends to see him or to ascertain what charge, if any, was being placed met with failure.
round.
* ་
cater
The others were subsequently re-
No Charge Preferred. While eventually he was allowed access to the outside world, Chang continued in confinement without charge.
Members of the Shanghai Chinese Reporters Association and in dividual Chinese and foreign friends- including Lee Choy, managing direc tor of the Kuo Min. Agency, at- tempted to take up the case, but the attitude of the military rendered it difficult to make any headway. High civil officials likewise ran up against the barrier of military obduracy.
In the lower-priced, and in- cidentally, more speculative, favest- In the event of Customs being ments, there is a reduction in closed shipping firms propose as brokerage, but one would have sessing as closely as possible, the expected from Mr. Fernandez and amount of duty which would be the Nationalist Revolutionary his associates an all-round reduc-levied were the Customs functioning Army, dist Division, and the tion, or, at least, a system that normally. As it is impossible to Swatów- Municipality jointly, in reveals no increase in charges any-estimate the amount of duty which A big popular celebration wasviting the public to bring forward | where. A sharebroker, if I may may be levied on any particular held thie morning at 9 o'clock in any grievances they might have say so, who deals entirely in low-shipment, otherwise than according the auditorium of the Provincial against Mr. Chim Tien Ngan, who, value shares and is prepared to to the interpretation of the tariff Kuomintang Practically all the the notice stated, has been ar- forego or "does not for by the shipping firms, which may high officials of the Carton Govern- rested and is awaiting trial for dis- business in the higher-priced invest- differ from thap of the Customs, ment and the local Kuomintang turbing the peace of this town and ments is, in a manner of speaking, they will require a guarantee from workers were present.
for obtaining naucy from people only half a broker, and ne society shippers in case of pre-paid ship by threats, and circulating false formed by such brokers is likely to ments and from consignees in cases and poisonous ideas.
make the local Stock Exchange or where shipments go forward collect, Sharebrokers' Association fall in that any additional duty ascessed
rebels," in this case the northern by Customs when they recommence faction. Chinese and foreigners functioning, will be paid to the have both been surprised, however, shipping firms on
demand. The at the total disregard of ordinary shipping firms will issue receipt in procedure of either charge and trial or release, the case being exchange acknowledging they are will refund any balance which may Chang's high personal standing, his holding such funds in trust and particularly aggravated because of remain after satisfying demands of connection with a semi-official news the Customs.
agency, and the fact that there bas not been any intimation of actual activities contrary to law.
Speeches recalling the important events leading up to the establish ment of the Nationalist Govera ment in Cantón were delivered.
The Kuomintang Headquarters, where the celebration was held, were most beautifully decorated. and the front fence was placarded with slogans appropriate to the
occasion,
TONG KA WAN PORT.
PREPARATIONS FOR OPENING
[FROM OUR OWN CORRESPONDENT.]
CANTON, July 1.
4|
Although this notice was inserted in the papers every day for nearly a month, it is said that no "coline with them: plaints or charges whatever were received from the public.
In the meantime the unfortunate journalist was sent to Canton by the guuboat Hoi Shu, under armed incial Government, and for the guard, at the request of the Pro. "crime" he is alleged to have committed it is reported in the local papers that he will have to serve six years' imprisonment.
Bequet to a Speech.
•
In writing this letter my purpose is not to criticize the Share and Real Estate Brokers' Society, but to offer them some constructive ideas which equal at least to the two older might place them on a footing associations.
The half of one per cent." scheme is, candidly, unsatisfactory, |and a better way would be to charge half per cent. on shares under 820 and another rate (based on percentage if you like) on shares over $20, over $50, and so on. There must be no increase.
The foregoing arrangements ap- only to shipments which can be exported abroad direct from this port.
Coastwise Trade,
It in asumed that Chang is held on the assumption of the not infre quent situation of friendliness with
Friendship With "Rebels." Because of the fact that many It appears that Mr. Chim, as adviser to the Bankers' Guild,
present. "rebels" were within a With regard, to shipments destin-matter of weeks or months ago spoke at the recent meeting of Another and more important ed for other ports in bankers and at the meeting of the point that I would commend to all which only British and Japanese National Government at Nanking, China to officials, often highly placed, in the Chinese Chamber of Commerce, brokers-whether they be from the vessels are operating, the present it is particularly difficult for either strongly condemning the continu Stock Exchange or any other place arrangements" as they effect the Government authorities or news- Mr. Sun Fo, Minister of Com-
unce of the 20 per cent. electric-is to re-consider the question of shipping firms are such that by papermen to disclaim acquaintance munications of the Nanking Gov-light tax as illegal, since this tax brokerage on cash deals. The pre- furnishing & guarantee to the ship-
and even friendship with certain ernment and one of the chief pro had been cancelled by Nanking sert
senle of brokerage appears ping company concerned that they mea nov in revolt against the cen- moters of the scheme for the dese and was no longer operative in ridiculously high (even the half per will pay to them any duties they tral governing organ. Friends of lopment of Tong Ka Wan into a
other places. He also denounced cent. scheme comes under this cate- may at any time be called upon to
Chang point out, however, that this world duty-free port, in a telegram the Mayor of Swatow for collecting gory) in the case of "cash" deals. pay either to the Customs here or
is all the more reason for clarifica- the Canton Government to-day, public funds without a proper It must be remembered that in a
in Shanghai, the shipping firms tion of the situation regarding any- states that be will return to Can-budget being published to show cash deal a broker take, no risk may load such shipments without
one who is suspected of "undue ton by the middle of this month to
how such funds are appropriated. whatever. From one party he the formality of passing Customs friendliness or underground .ac- Information about this participate in the opening cere-
speech collects the money, out of which he here." We would point out to you tivity. mony of the projected port, which reached the ears of the Mayor, who nibbles off a handsome brokerage that there is no doubt at all that will be held at Tong Ka Wain on
Chang is a graduate of Haver- is said to have retaliated by obtain--for himself. He takes the money the Customs officials at treaty ports July 20
ford College, a Quaker school in ing Canton's assent to Mr. Chim's to the man who sold the shares, and under control of the Nationalist Pennsylvania. In 1924 he returned prior to handing it over, nibbles Government will collect on importa- The message further adds that arrest and detention.
to China and became an instructor the Central Authorities are also Barkers' Guild and Chinese Cham- nibble being also called brokerage! I have been levied at Tientsin on
It was at this meeting of the at the money, again the second tion all dues which would ordinari- of political science at Soochow deeply interested in the scheme her of Commerce that the resola- He takes no risks whatever, but export of a shipment from this reporter by an England language University, later being employed as and are leaving no stone unturned
tion was passed pledging members merely two digs at the principal port, and the difficulty which arises in making it a success. They will
to declare a strike" until the Bum.
newspaper in Tientsin. He joined send a special representative to the banker who had been arrested and
In forward deals, the broker-I in this connection is the possibility the Kuo Min Agency when it was opening ceremony.
the 20 per cent. tax cancelled. as writing of respectable persons of the Shansi faction eventually organized three years ago. Theatrike" lasted for one day, and firms-obviously takes a risk. Nanking, forming their own ad-release is his wife, daughter of a winning out in their fight against Among those working for Chang's and the banker was released and A back-sliding "client, or one the tax ultimately; cancelled.
ministration and endeavouring to leading Chinese family in Salt Lake who has been over-speculating, are among the chances he has to take. collect from shippers here duties City, and graduate of Rush Medical Yet the scale of brokerage in these on shipments exported under the College, Chicago. She was at one The Chinese Chamber of Com deals is the same. The obvious present arrangements. This possi- time associated with the Margaret Williamson Hospital in Shanghai. merce has sent a protest to Can- suggestion is to reduce the charges duties twice resolves itself into a bility of shipments being taxed
F. L Chang, a brother, is with ton, declaring that Mr. Chim is a on cash deals.
the World Peace Foundation in peaceful and law-abiding citizen, There is this additional advan-certainty should shipments be
Boston. and that the Chamber can guar- tage for the brokers if the brokerage passed through the Customs estab- antee his integrity. Moreover, the on cash shores is reduced, and lished here by the Shansi faction Canton authorities were "informed that is that if a person was hesitat when they commence public busi- that the one-day "strike" was not ing between cash and forwardness. The risk is one to be carried carried under orders from Mr. shares, the reduced brokerage for solely by the owners of the ship Chim, but was the result of a re- the former might decide him in its ments concerned, and to cover it solution, duly passed at a meeting, favour. The less forward business shipping firms will require a and therefore Mr. Chim cannot be the less risk, and I submit this for guarantee from shippers "holding held responsible for the strike." the consideration of the Bhare and them harmless from all consequences Whether this statement will have Real Estate Brokers' Society, who of their omission to pay export any effect or not on the Canton appear to be anxious to get in ahead duties and due at Thentein and
of the Stock Exchange.
undertaking to reimburse to them authorities remains to be seen,
In order to facilitate communica tion a telegraph office is being established in Tong Ea Wan.
NANKING-BERLIN RADIO PHOTO SERVICE.
SUCCESSFUL TESTS:~
According to reports appearing in the Chinese Press, the Ministry of Communications in Nanking has completed arrangements for the in- auguration of a wireless photogra phic service between Nanking and Berlin.
Successful tests already have been made and photos about a square foot in size may, it is said, be sent
Protest to Canton,
The case is now before the Can- ton High Court, and a prominent lawyer of Canton has been in structed by the Swatow Chamber
PRISON AND THE "CAT. CHINESE ARMS SMUGGLERS
* SENTENCED.
Three Chinese who were recently arrested at Port Bwettenham, and charged with being in possession of and importing firearms and am-
As an investor, I naturally would on demand of all sums which may munition were produced before Mr. like to see better. terms offered to be assessed against the shipment J. W. W. Hughes in Klang Dis. mo, and while the Share and Real by the entoms authority at Tien-trict Court last week and sentenc Estate Brokers' Society are making tsin, notwithstanding the fact that ed to eighteen month, rigorous im- of Commerce to defend Mr. Chim. a move in this direction, I trust auch duties may have been collectprisonment on each of the eight
to Berlin from the Chinese capital in 4 min., 30. séc. It takes the same time to receive a similar picture wirelessed from Germany' If the facts are as here stated, they will not fail to see that any ed, by the Chinese Maritime Cue charges divided among them, the
Last week, a photograph of the we hope the public trial of Mr. move they may make is in the right toms at the port of destination, in sentences to run concurrently handwriting of Gen. Chiang Tso Chim will give an opportunity for direction.
the event of the shipping firms be They were also ordered twelve pin, the Chinese Minister to Ger-revealing the very peculiar circum- I feel sure I am not alone in the ing called upon by the customs au- strokes of the 'cat' each.
It was stated that one of the three many, was received by Mr. Wang stances which appear to exist in opinions I have expressed above, thorities established at Tientsin to
men was watched by detectives who Pei-chua, the Minister of Commun- Swatow. If Mr. Chim has done and that is my only excuse for pay such export duties and dues. ications in Nanking, and it was as nothing more than to protest writing at this length. I must The shipping firm, will also re-saw him an aboard a boat in the near to porfect, as possible:va de against an illegal. tax, and deman thank you for giving me the space cuirs shippers to sign specific in- barbour where he met the two other The Nanking wireless station has publication of the manner in which in case you see fit to publish my struction that shipments are to be Chinese. They were arrested in a been erected on the Hsiao Ying public monies are spent, it is dil-views-Tours, etc.MEN
forwarded, regardless of the possiboarding house to which all three: Drill Ground, which is near the cult to imagine what charge can he
INVESTOR." bilty of their being called upon to went, the firearm, and ammunition Drum Tower.
preferred against him.
Hong Kong, July 1.
being found in their possession. bear duplicated taxation,,
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