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MACKINTOSHS TD
MEN'S WEAR SPÉCIALISTS.
KING'S THEATRE
HONG KONG DAILY PRESS, FRIDAY, JUNE 9, 1933
MA CHAN SHAN'S | Hong Kong: Britain's Entrepot
CONFIDENCE
China should Resist
DECLARES THAT BOY. EMPEROR IS TERRORISED,
BUT NO TRAITOR
Singapore.--Possersing the spirit shown by peasants" who were ready to fight armed with only axes, hoes and sticks against fully equipped troops and with a population of 500,000,000, China was unconquer- able.
That was a conclusion expressed
Great Welcome.
For South China
II. THE STRIKE, THE BOYCOTT, SILVER, AND THE RISE OF INDUSTRIES
BY P. S. CASSIDY
(Special Air-Mail Service)
Mr. P. S. Cassidy in the section of his address on Hong Kong before the Royal Arts Society, London, reported below, outlines the Post-War Years-The boom, the strike and Boycott, the Silver Crisis and the rise of local industries.
The last year of the War and the j could be said, therefore, that 1930
the
by General Ma Chan Shan, the two succeeding years were extreme and 1881 were moderately pros hero of Tsitsihar, at the Chinese ly prosperous for all engaged in perous years for the trade of General trade in Hong Kong. The demand the Colony although from the Chamber of Commerce.
re-Government's point of view they Ma, accompanied by General Su for China produce led to a Ping Wen and other officers who ciprocal demand for foreign manu were full of anxiety. This was due were forced to retreat into Siberia factures and at the same time the to the effect of the fall of exchange Hugar refining industry of Hong on the Government's budget, as a 1st winter.
Kong was fully employed to meet high percentage of the Colony's That the Chinese peoples like the demarki, not only for the China expenditure (principally salaries, other nationalities, are hero-wor market but also for markets on the pensions, and passages for shippers was indicated by the crowd other side of the globe. There were higher grades of the Civil Service) which gathered at godown No. 7, also large profits made from the is based on sterling and has to be Tanjong Pagar, when General Ma world-wide demand for rice, Hong met from revenue collected in sit- 'Great Britain's departure Chan Shan and General Su Ping Kong at that time being an im- var. Wen, two of the heroes who fought portant collecting and distributing from the gold standard in Septem the Japanese in North Manchuris, centre for rice from Siam nad ber 1831 was a severe blow to the almost unaided, for nearly two Indo-China. Then towards the end piece goods trade of the Colony. years, and were forced to retreat of 1920 the world slump descended Woollens for the autumn and win into Siberia at the end of last year, upon Hong Kong with full force ter had already been ordered on arrived in Singapore on board the and in course of two years swept a considerable scale with exchange Coate Rosso. About two thousand away much of the profit accumulat at 1s. or under, and the greater proportion of the fancy cotton busi- Chinese were there to give the gen-ed during the boom..
ness for the spring of 1832 had been booked on
By a similar basis. The Strike and Boycott. erals a rousing welcome.
Following speeches of welcome by
A period of recovery set in dur Britain going off gold the value of the president and vice-president of the Chamber, General Ma rose ing 1923 and lasted until the disas the Hong Kong dollar shot up to, amid thunderous applauses and trous strike-boycott of 1025-6 when 16, 3d, and local piece goods prices spoke in reply to the welcome to the whole commercial organization soon fell by 23 to 30 per cent., to him and to General Su by their of the Colony was paralysed, large come into line with replacement ly through the influence of Russian costs at the new level of exchange. Singapore Chinese compatriots,
He said: "There were two types advisers of the Canton Government. The effects of this dislocation are of troops in Manchurin, the Nation. For several months there was a still being felt and they have been vial Defence Armies. You all have goods of British manufacture, but depressed condition of the piece read about the incident of Sep-the Chinese are adepts at circum-goods market, which has led to the tember 18, 1931. When the Japan- venting obstacles to trade and be failure of nearly 10 dealers during ese started to attack. Heilungkiang fore long a well-organized system of the past six months. I have refer and Kirin Provinces, the burden of smuggling got the better of the boy-red to Piece Goods particularly as Ineffectual efforts to they from the largest item in the defending the provinces fell upon cott pickets. the shoulders of the provincial restore normal trading relations Colony's imports of foreign manu- force, assisted by the people, alias were made from the British aide factures, but my remarks can also but gradually the boycott, weakened be applied to Metals, Paper, Sun- Concur- and came to an end, after having dries and other trades. dragged on for 14 or 15 months. rently with the effects of the rise in doubt that a serious sterling exchange there has been" a There is no set-back was experienced by the severe chrinkage in the value of the Colony. The general strike which local currency in the interior, so preceded the boycott brought trade that Hong Kong dealers have been to a standstill and property and unable to obtain prompt and ade- share values, which had reached quate remittances from their up- boom level in the early months of country connections, nor can they 1925, collapsed with disastrous relook for a resumption of profitable salts to investors, Chinese add trading as long as currency depre foreign alike. The years 1927 and ciation prevails. The outlook has rapid- 1928 found trade definitely on the undoubtedly undergone up-grad, although checked from change during the past six months
COMMENCING SUNDAY Defetive Force, and the Provin- hard and fast boycott against all largely responsible for the present
HOWARD HUGHES'
WHITE-HOT THUNDERBOLT
SCARFACE
with
PAUL MUNI ANN DVORAK OSGOOD PERKINS KAREN MORLEY BORIS KARLOFF
God-less, loveless, heartless, he fought his brutal way up to the pinnacle of pow- er, only to be challenged by
a frail woman.
More Thrilling Drama Than You Ever Saw, and More To Think About!
. HOWARD HAWKS
Adopted by Ben Herbe from demed by Allage Trail
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the volunteers.
The Battle of Nonni River in which the Chinese scored a telling victory over the Japanese, was res ponsible for rousing the fighting spirit of the whole nation which had aver-estimated the fighting qualities of the Japanese troops previously. It was a trumph of the nationa! spirit,
No Supplies, "But, the war machinery of the Chinese army, particularly those under my command in Heilung
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icians, was far inferior to that of breast a hole repercusions of and the hopes that Hong Kong MALAYAN CHAMPION'S SUCCESS
Fall in Silver.
the civil war in the interior, and would stand out as the one bright in the course of 1029 the future be-spot in a world of gloom have not been fulfilled. You may, however have gathered from my remarks gan to look much brighter.
that scarcely a year passes without the Colony receiving some blow The autumn of that year, how-which would shatter many a busi- ness in a more stable country and it is, I think, a tribute to the re- siliency of Hong Kong trade that the Colony goes steadily ahead despite the checks of civil war, and piracy, irregular banditry taxation, and exchange complica tions.
Local Industries...
the Japanese. When their rein forcemente arrived I had to give up the positions along the Nonni River to full back on new positions at Haining. No reinforcements or supplies came either from Nanking or from Marshal Chang Hauch Liang in Peiping. At the time theever, was clouded by the sudden Central Government thought that a collapse in the world price of gil- puppet government with Henry Puver and during the ensuing eigh Yi as the figurehead was impossible, teen months the value of the Hong To the surprise of the world, Kong dollar, in terms of sterling, Hsuang Tung. (as Henry Pa Yi fell from a level of 24 to 10d. was known when he was Emperor This rapid shrinkage in silver cur: of China), was formally and pomp-rency values naturally demanded musly installed as the Regent of the drastic price adjustments in regard new business and for a time puppet government. With the sole fo
I must now say a word or twp aim of trying to discover the real commercial machinery was thrown attitude of Pu Y, Chang Hai Peng, out of gear. The drop in the value about the local industries of Hong Chang Chin Wei and Hai Ko, the of the Hong Kong dollar was not Kong, many of which have sprung war minister and commanders of without compensations. It greatly up of comparatively recent years the Manchukuo army, joined the enhanced the local currency value through Chinese enterprise and of all goods in stock which had been have, in some respects, changed the puppet government.
purchased at the old level of ex-direction of the Colony's trade. Of Henry Pu Yi's Tears.
chunge and lying in the godowns the older industries, shipbuilding "On one occasion Henry Pu Ti were large quantities of piece and repairing, ropo-making, cement told me privately that he had been goods, as well as other commoditice, manufacture and sugar refining are entirely under British taken to Changchung by force and imported for account of Chinese almost Inter made to assume the regency. dealers but uncleared owing to poor management, while ginger-preserv An- ing; the manufacture of vermilion, He cried like a child when I made demand from the country several attempta to take, him out of other form of compensation was soy, fire-crackers and rattan furai- Japanese influence in Changebun, seen in the attraction of funds frem ture have always been in the hands Chinese. Unfortunately, The others were just like him gold countries by reason of the low of the could not move an inch without be-exchange, and remittances from these older industries have all suf ing followed by Japanese spies, but Chinese in Malayn, the Dutch East fered from the effects of the world- I believe they will turn against the Indies, the United States and elsewide slump. The dockyards have Jananere when the moment comes.
into the launched very few ships in recent came pouring "Chang Hai Peng who is in com- colony. Furthermore, many foreign years and their repair can scarcely, maad of several important posi- commercial firms had taken a view be on a remunerative basis. tions, has been so heavily bribed of exchange and were amply pro- cement works have been severely that he will never think of turning vided at favourable rates when the hit by persistent Japanese dump- against the Japanese.
collapse occurred. These various ing. One sugar refinery was forced Lack of neang of communica considerations were a direct set into liquidation a few years ago, tion and a shortage of ammunition off against what at one time ap- and while the other refinery is have been the chiol causes of the peared to be a great disaster and marketing its wares as far afield defeat of his army and other mili- they had much to do with protect as India and Phrsid its products tary units in Manchuria. I aming the Colony from the worst for the China market have been confident that, with a unified goveffects of the world depression. It severely handicapped in competition with semi-refined sugar from Java. ernment and command in China,
The demand for ginger, soy, fire- victory will be otira.".
crackers and other local products This reminds me of several in-
between the Chinese and Japanese has fallen off enormously and sever. eidents of the war in Manchuria leaders at Peiping. No Chinese al Chinese manufacturers of these last year when the people from the who has the interests of his country lines have bad to close down after farais came to our camp with axes,
working at a loss for the past few years.
where
duo të
PHOSFERINE
PROFESSIONAL FEATHER AND LIGHTWEIGHT CHAMPION
Y. G. SONG writes :--
*SINCE
INCE the commencement of my career as a professional Boxer 1 bave tried many different tonics but results were disappointing. However, I was eventually advised by my Manager, Mr. Tan Ngee Yong, to try Phosterine, and I can testify that It has been of the greatest benefit to my training, and I recommend it to all engaged in athletic pursuits, in fact
I HONESTLY ATTRIBUTE MY
"SUCCESS TO THIS WONDERFUL PHOSFERINE." *YFC. Song, Penang
PHOSFERINE
Debility
The
Indigestion
Exituation
spears, hoes and bamboo clicks and at heart could ever enter into an fought the Japanese like tigers. agreement with a foreign nation With that spirit and with five hun- that has without justification in-
Toe new industries comprise the dred million of our countrymen vaded and stolen so rauch of ita ter
manufacture of cotton singlets, ritory," declared General Ma. there is nothing impossible."
Questioned, General Ma said that He was prepared to resist the socks, handkerchiefs, wollen jum he had received about two hundred Japanese as long as he lived. "I pers and scarves, rubber shoes, felt hata, electric batteries and torches, thousand dollars from the Central am 53 years of age, and cannot live perfumes and toilet requisites. Government when he was in, Hei- much longer," he said, and I can Mast of these manufactures have lungkfang. Over two million dol- not do better than die at the front." lars and one million taels were re helping my country to resist the emerged within the past - dozen years from what was orignally ceived from the overseas Chinese invaders," and the inhabitants of Manchuria An appeal to overseas Chiness to little more than a cottage industry. respectively for the relief of the support the Chinese Government The development of these indus People and the wounded soldiers. was made by both generals. We tries bas led to a demand for the
Prepared to Resist.
must have a powerful government raw material such as cotton and wollen yam, crêpe rubber, etc., and Both the generals, when inter in order to succeed," said Ma, also for the requisite machinery. viewed by a Free Press representa and every Chinese must do his tive on the ship yesterday were best to help his country. There Much of the latter has been im strongly depraetory of the reports must be peric unity and under-ported from America, but during of a trace having been agreed upon standing in the Nanking Govern a recent visit I noticed in more (Continued as food of next Column); ment."
(Continued on Page 12)
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