HONG KONG DAILY PRESS,
WEDNESDAY, NOVEMBER 22, 1933.
TO SAVE WORLD PROGRESS FROM SWATOW NOTES.
THE SLOUGH OF DESPOND
Broadcast Speech By British
Trade Commissioner
"SOMETHING GREATER THAN
GAIN"
· MATERIAL
"There is something far better and greater than merely material gain, which will come from a settled and wisely developed China, and that is a better understand- ing between China and the rest of the world. That is what we must look towards in the years ahead," said Mr. G. C. Pelham, His Majesty's Trade Commissioner in the cause of a broadcast speech from Z.B. W., last evening,
The speaker gave a review of world trade and de- voted a greater part of his address to trade in China in particular, concluding with an invitation to business men in the Colony and South China to make any suggestions to him that may be the cause of bringing China into closer and more friendly contact with Great Britain.
CHINA AS A WORLD MARKET.
sideration. They must be increas- ed both in quantity and quality so that they may pay for the import
from Great Britain. There was no decline from 1931 as in both years the figure stood at H.K. $119,000,000. The Import trade of our chief competitors declined. Indeed the United Kingdom- share
Run On Kwangtung Provincial Bank
(From Our Own. Correspondent)
BANKER GETS
TWO MONTHS
False Affirmation
i
Sworn
Swatow, Now, 19. The Kwangtung Provincial Bank,
Sentence of two month's im- situated in the heart of Seng Ping
labour Road, was to-day the scene of very prisonment without hard
unazal excitement was yesterday passed by the great and
rush to exchange Chief Justice at the Criminal Ses. owing to the banknotes issued by this bank for sion on Kwan Wai Chow, a bank- silver, so much so that bus trafficer of 183 Queen's Road, Central, was interrupted on Comet of who had pleaded guilty to "per- the eager orowds standing in the jury. middle of the road awaiting their turn.
|
In passing sentence his Lord- ship said that it would impress prisoner with the gravity of the offence, and would serve as a de- terrent to other people.
The
"
was
charge of perjury
by brought
Leung Fung-shi, widow of a son of Leung Kin, whose death had been sworn as occurring in 1927 when it actually took place in 1916. The false date enabled the administrator. Leung Yuen-chi, another son, to avoid a
in 1932 of the Import trade showed a substantial increase, rising from 8 per cent. of the total imports in 1931 to 11 per cent in 1932. Of the manufactured goods imported into China in 1932 the United, Kingdom supplied 24 per cent.
"There is no gain-saying that China has been able to stand con- siderable shocks and still come up
It was only this early morning smiling. On an examination of all the conditions obtaining over that the notes of the bank were the last two years with disasters, repudiated everywhere, but it is foods, and banditry, It would be impossible to discover the reason strange indeed if there had not for that panie as yet. The only been some decline in trade and it reason apparently is because the is surely a matter for congratula- notes were rejected and the general tion that, while by no means public getting into a panic saught glassing over the situation, the to satisfy themselves of their own decline has not been even more positions. It is surprising that serious. There is, I think, much to-day, Sunday, should be treated reason to have faith in the future as an ordinary working day. not only of this country, but of Last night, I hear," Tumours" the world. I have never known were in circulation that the Head pessimism to achieve any good re-office had failed, and others attri- sult. It is too easy to sit backbuted the panic to political rea- and say that everything is going BouS. Of course, vernacular news- to the dogs, but if we make, in papers would not dare to publish association with others, a denter-the facts even if they knew. mined effort towards steady and One amazing departure from the aure progress.and we can play ordinary daily business this morn- that part so well if we have a ing was that all the gold and mind to,--we shall not only bene-silversmith shops, big stores and fit in co-operation with China, but money-changers had their doors there must be a benefit to all closed and barred, the reasons for people's. There is something far which were obvious. In the event better and greater than merely of purchases the respective man- material gain, which will come agements could not have refused to from a settled and wisely develop-accept the K. P. Banknotes if ed. China, and that is a better tendered, the bank being under understanding between China and government control. On the other
The facts of the present case That is band, by accepting such notes only come to the knowledge of the rest of the world. what we must look towards in the great risks were being incurred.law officers of the Crown when Therefore it was thought best to
prisoner was committed from the suspend operations temporarily,
Magistracy. However in the forenoon the K. to redeem its P. Bank started notes and afterwards the jewellery shops, money-exchanges, etc., also opened their doors for business. Towards the afternoon a large transaction
Mr. Pelham said:- "It is, I think, "generally con- ceded that the aim of human kind
that Ls happiness and
all ed we
goods. To this end China look forward with more or less needs, on her part to work steadily optimism to an ideal era ol for the creation of security, and peace and prosperity. Each out-on our part assistance and. guid- look is, however, tinged by circum-ance in the development of com-years ahead, stance, and I think that our im- munications and industries in this mediate idea of contribution to- country. wards the golden age is a revival trade and industry to the end that all men shall be occupied, in ren- dering services one to the other and that no man willing to work shall lack for the ordinary ameni- ties of life."
"The difficulties which must be overcome before this golden age is reached are very great and world- wide. In this modern world no country is independent of another and this has been" made "specially evident in the economic difficulties which have arisen during the last five years, as a legacy of the Great War.
On examination of the world's trade position a check in the pro- cess of depression may be, per- ceived about the middle of 1932. Unfortunately the upward ten- dency has been temporarily check- ed by great depression in the United States and we now closely watch events in that country in the hope that the efforts being made for her Industrial stabilisa- tion will meet with success and generally accelerate world progress out of the slough of despond.
Britain's Position.
"In this rather uncertain, econo- mic world, Great Britain has now for the past two years accomplish- ed a very fine achievement and she is sound, safe and solvent Industrial production has actually increased, perhaps not much, but it has been an increase and not the decrease which has been com- mon throughout the world. In 1932 Great Britain reduced her ad- verse balance of trade by £119,- 000,000 and this process of reduc tion continues,
"Taking into account the invis- ible trade, our net adverse balance in 1932 was only £59,000,000 or about half of that for the pre- vious year. While we may be proud of this example which the old country has set, we have no cause whatever to consider that we may now ease the strain or that the first push-taking us from inertia to motion having been achieved, acceleration will be auto- matic.
"While the Old Country is put- ting her house in order by this I mean that apart from the re- form of public finance, the or ganisation of industry and com- merce is being greatly improved those who are abroad for the pur- pose of marketing United King- dom goods must very greatly re- new their efforts to organise sales methods on an economic basis: In these days of intense competi- tion it is the most highly caganis ed combination of producer and salesman maintaining the most cordial and close contact with the foreign market concerned which will be of the greatest beneft both to the country of origin of the goods and the country which con- sumes those goods,
"There can be no question of established educational schemes preceding industrial and other de- velopment. The two must be automatically interdependent. An impetus
to the development of communications and industries will create a further need for the education of people to engage in the new activities, but this need will be fulfilled through an in- creasing purchasing power and consequent ability of, an increas- ing number of the people to spare time and morey for the purpose of study, Love of learning has been inherent in the Chinese race
from ancient times and education is Imited only by the present economic necessity of the masses to toil assiduously for small reward which provides but the barest of food and shelter and leaves no
surplus for cultural or educational pursuits,
"In spite of the fact that the value of the important trade of China has inereased five-fold dür- ing the last thirty years, It is still small and diicult owing largely to insecurity within the country. In 1832 80 per cent, of these im parts were comprised of common food stuffs most of which could and should be produced in a coun- try whose economic position must closely be based on her agriculture and whose purchasing power should be available for use in further development and equipment.
Plans for the Future, "The position is perhaps more clearly shown by Agures:-
In the
"In the arst six months of 1933 imports into China amounted to £58,000,000 while exports abroad were only £29,000,000. first six months of 1833 Imports had decreased to £48,000,000 and exports to £18,000,000. In each case the adverse balance was £30,000,000,"
"It is obvious that this rapidly declining trend' must be checked.
#
A Great Gateway. : It is not possible in a short
talk of this nature to go into de- talls and it is always possible greatly to criticise such utterances 29 that which I have just made My object and effort is to be con- structive to avoid the growth of grass where no grass should be and reed I say that I shall much appreciate communication of points of view from thy listeners, and that I shall be only too pleas- ed to meet and talk with any who are seriously minded in the endea- Your to make of our trade rela- tions with China a lasting beneft to both countries?
"As I have resided in Hong Kong for only a very short period It does not become me to attempt to review the trade of South China
the
considerable payment of duty which, it was disclosed to-day. had not yet been made good.:
Mr. Fraser said that the attitude of the Crown towards" this prose- cution had changed in con) sequence of enquiries made since the previous day, and he was not how able to support his friend's plea for leniency. The case was not, as he had been in- structed, connected with another case where full disclosure and settlement had been made and where the Crown would not have instituted criminal proceedings.
This misapprehension was not the fault of anyone concerned in
the present hearing.
THE DIFFERENCE IN DUTIES
It was discovered that the duty payable in 1928, on the death 12 years previously of Leung. Kin, were done by
"amounted. to 812,100, whereas the money-changers, who were pre-only payment made on the estate pared to buy the notes at from.5.
was 81.900 which was the duty to 8 per cent. discount the usual payable if the death had occurred profiteering
Up till a late hour to-day the bank was still meeting the rush, and, I am told, well over a million dollars worth of notes have been redeemed.
JUNK WILL SAIL TO FIJI
Local Man Will Navigate
in 1927.
There was no suggestion that accused had derived and person-
al benefit from the false affirma-
tion.
When Leung Ein died in 1918, he was connected with the Lai On Firm and the Bui Tak Bank, his share in the latter being valued at $68,498. In 1923 it was worth 8112,000. From 1921 on- wards the bank
credit in gave Leung Kin's name to the Lai On Firm to the extent of $51.560 in three promissory notes, and IE must be assumed that the mang- ger of the bank was ignorant of Leung Kin's death or acted with full knowledge.
In fairness to accused, said Mr.
Fraser, it should be pointed our
some
at the present juncture. I cannot go even so far as the gentleman who, having spent a few days in
Unable to find employment u Shanghai, was asked if he would Hongkong after having had thirty- write a book on China, He replied six years sea going experience, that, alas! he had only been four Captain L. Kingdon plans leaving days in the country and that to for Tongs in the Fiji Island this write a book would require a so- afternom at four o'clock in a forty journ of at least a fortnight!...
foot Chinese rigged Sampan. Cap- "Hong Kong is a great gateway tain Kingdom will to accompanied
that there may have been of trade flowing into and out of by a crew of three China. My duty lies in connection He has named his vessel the question of the solvency of the with the United Kingdom share Teine China and she is forty foot Lai On firm in 1921, but, as far of this trade and when required.
ali with 11 eleven as was known, there was no such the shares obtained" by otherwise foot beam. She baa a depth question in 1916, and Leung Kin's unrepresented parts of the British of four
mean share in the bank must be assess- Empire. I shall therefore be very draft is three feet nine inches. Hered at its then value. pleased at any time to meet busi-hold, is eighteen foot square and is ness men and others interested in fitted with bunks while the cabins the trade and industry of China are aft. The Teine China is a two Bail and am very willing to receive masted vessel and carries a advice or suggestions tending to area of approximately 800 square further the interests of Bino feet, British Commercial intercourse.
"I am to endeavour not only to interpret British business and an-
nounce the excellence of British
goods to our Chinese friends, but
also
to
interpret Commercial China to our own people. To en- sure any measure of success I need 'friendly and close contact with the business world of Hong Kong and of South China and from the very cordial reception which I have already enjoyed I am sure that this need will be fulfilled.
MARINE COURT CASES
#
Coxswains Fined For Obstruction
+
Over
feet and her
POPPY DAY FUND
Eurther Contributions
Previously Acknowledged 813;576.35 -545.00 HK. Football Association
41.45 Bosary Church Kowloon Lá Ping, Esq.
25.00 Sundry Street Sales ....... 6.00 "Anonymous “
5,00
Total 814,198.80
SIX YEARS AT RE-TRIAL
Robber Unanimously Found ***Guilty"
"If Leung Yenk-chi, who obtain- ed letters of administration
to
the estate, could be found, he should be in the dock beside ac- cused.
ALLOWANCE, STOPPED
The prosecutrix in this case came to Hongkong to nurse her father-in-law in 1918. He died at 30, New Market Street Later, she returned to the country and there lived on an allowance of $50 a month paid to her through the Bang Lee Bank" by Leung Yeuk-chi who was the manager. When the bank, closed down, the allowance stopped, and Leung dis- appeared A warrant was issued for his arrest but he had not yet been found:
nad been in the country, returned to Hongkong in September of this
· year and“ was arrested.
Meanwhile accused.. who
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Tht attitude. of the prosecutrix was that she had been deprived of her maintenance, and she bore ∙a grudge against all who bad had a hand in bringing about this state of affairs.
*** While realisation of truth alone will put nothing right, there 18 happily reason to believe that the responsible elements in China are determined make a march for ward and that the Government are sincere and determined in their plans for the pacification and economic reconstruction of the country. Recently plans have been evolved to increase the production of staple goods and enhanced indus- trial activity. Bome of these plans
The" re-trial of a Chinese for are in process, of being carried out, Two Chinese coxswains, Leong
NO FRAUD There is clearly a desire on the On and Le Kan of the motor boats complicity, in a robbery at a shop
Mr. McNeill said he was glad part of China to put herself in the Chee Ying and Chee Fat respec-in Des Voeux Road West was con- position of supplying her own need tively were charged before Com-cluded before Mr. Justice Lindsell that the question of settlement of common consumable goods, mander Newill at the Marine yesterday, when the jury brought had been cleared up. It was not
ina unanimous verdict of Considerable effort in that direc-Court yesterday for causing an
a case of attempting to help a tion is now becoming manifest and obstruction by mooring their boats "Gulity.""""
friend, and, while not belittling Addressing the prisoner, his the offence of perjury, he would it seems clear that the future im-alongside the Government Fire
Lordship said:The robbery in remind his Lordship that in cases port market of China will be dir-Float at Yaumati on Friday morn
which you have taken a leading of perjury which occurred in ferent from that of to-day and willing.
law decided which consist, far more of capital goods Both pleaded guilty and were part is a particularly vicious one Court, the
It is made more vicious by the fact should be the subject of progecir than of consumable ̈ goods.
that you subborned one of the tion and which not. He suggest- fokis of the shop which you plan-ed that had the law been the sole ned to rob, and which you cessfully robbed. The sentence of this Court is that you go to prison Before Commander Newill at the with hard tabour for six years." Marine Court yesterday, "five At the previous trial before the Chinese boatmen were charged for Chief Justice, the jury failed to £6,000,000 of iron and steel goods unlawfully tying their boats in agree and were discharged]
imported
shore on the north-west side of the' £3,400,000 of miscellaneous metal Shuru-sbui-po Ferry Wharf. *
goods including electrical,They all pleaded guilty and wera were imported.~
aach fined $5.
£3,300,000 of machinery was im- ...ported.
£1,800,000 of vehicles and vessels
were imported
“As an indication of the pos- sibilities in this future market I China As World Market,
would merely state that in a very "China is undergoing a very difpoor year, 1932; ficult period. She is a country which, having a very ancient civilisation, has but lately begun to develop in the modern sense, and in doing so she has suffered and still does 'suxer under con- siderable, internal, handicaps, and disabilities. The great potentialities of China as a market for the goods of other countries are often spoken of but this is only one side of the question. In order that China may afford the goods of other countries the products of China receive very serious con-
must
each fined 85.
Unlawful Mooring Of Sampans
pi
Britain Holds Her Own.
Another lot five. Chinese boatmen "From one point of view a very were also fined $5 each for unlaw bright spot in the trade of China fully lying their boate in shore to last year was the maintenance of the sea wall at Tung Chau Street, the value of Imports into China Shun-shui-
judge in this case instead of a woman. disappointed of her claims accused would not. have been prosecuted,
Bentence was passed as stated above, and Mr. McNeill then ask- ed for and was granted a Certi- ficate for leave to appeal.
Arrangements have been co- Ipleted for a dance to be held in
the Garrison lecture Hall on Sat- Meenbers of the European urday evening under the auspices YM.C.A. will stage a hike to Row- of the crew of H.M.S. Tamir. An loon Peak on Saturday. The ex- enjoyable programme has born ar-pedition will leave the YMCA ranged and a large attendance is at 2.30 p.m. and invitation has been. expected.
extended to service, men to attend
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