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THE HONGKONG TELEGRAPH.
EXCHANGE CONTRACTS, THE REVISED CHINESE
TARIFF
Incidence of the Increise.
TUESDAY, OCTOBER 31. 1922,
They will not, however, be ablato
·
refrain from the reflexion-and this paint we most earnestly com- Bank of Canton Case.
mend' to the attention, of the The hearing was continued be
Chinees Government—that in ex- obange for the dimbility which fore the Pusa» Julge yesterday of In a country like China the all Customs taxes imply other the action relating to exchange process of tariff revision-a pro- Governments give security for jevntracts, bright by the Bank of cass which has just been com- trade througout their territories. Canton ki ugainst the British plated after six months very Having paid duty at the ports of Chinese Trading Company.
steady application-is necessarily | entry, goods are free to circulate After considerable argument up-cumbersome. It is cumbersome anywhere without further taxı- on an issue raised by the Court partly because the tariff is a con- tion and without fear of molesta- which the Judga desired to hear ventional one, one, that is to say, tion. In China this is very far Counsel upas, Mr. Eldon Potter which is fixed by international) from being the case. Illegal taxes [who, with Mr: C. G. Alabaster, agreement at a certain level; are imposed right and left;"over x.c., appeared in the defendant partly because the parties to large tracts of the interior the fconcluded his address for the de-the
oncs purchase and transport of goods agreement -- are fence. Commenting upon the evįmany and competitive; partly in practically at a standstill dence of the brokers,, Mr. Patter because the delegations repres- owing to fear of robbers and remarked that the brokers had ajenting them ate for the most bandits, and when complaints freal interest in coming into Court part composed of men who are addressed on this sccount to
and supporting the Bank.
have little technical knowledge the Feking Government the only Mr. Jenkin: Mr. Potter has aver af the business in band. When reply forthcoming is the bland looked the fact that one of the to these special circumstances confession that all control ovar brokers, Mr. Jamsetjee, has long added the fact that the basis of provincial administration has {cessed business as
revision being wholesale market been lost and that Peking is an exchange value less a percentage, and that powerless to inflict punishment, broker.
Mr. Potter: I have not over-modities the wholesale market the
in respect of a number of com- obtain compensation or prevent FECUITODOS of similar looked the fact that be has sold value is very difficult to ascertain, extortions robberies and out since this case started.
there are present in surmount thefts. Now this is Brokers Attitude.
ing which there are inherent! very serious situation - of which Mr. l'otter considered that the the success attained is a matter low one is no mitigation what- difficulties it will be agreed that) the fact that the import tariff is evidence of the brokers was most for congratulation all remarkable
round. į soever. A tax, no matter how many respects. Making due allowance for the small, is consideration for a de- Their case was that no one ever trieks which. în put through exchange contracts uncertain, values are
têmes so finite return of some kind or except Xavier or Baptista: but be liable to play, and for other mis-eigners are justified in claiming always other, and the return which för- Mr. Potter would like to know cakulations which who put through the contract examination of the new schedule cent. import duties is freedom for a detailed for paying the revised five per Duly, when it was clear that neither of duties may possibly reveal, con- the goods on which the taxes are Baptista nur Xavier were there. It gratulation is undoubtedly the levied to get to their destinations was a remarkable fact that ther right note on which to signalizy without farther hindrance or in- were able to establish that at least the completion of the work of re- terference. China made much pas contract was put through durvision. China has got what she ado at the Washington Coa- ing the interreur. All that the is entitled to, a range of specific ference about tariff autonomy. brokers said, when questioned duties based on an effective and and the Enited States being the the poist, was "It must have been not on an imaginaty five per paradise of tariff-makers the Xavier or Baptista. That was cent.: the period over which the Chinese
little delegates bad to satisfactory; izle 1. by would revised values were taken-the difficulty in getting the Con- further and say that the attilast three months of 1921 and ference to agree both to an im tude of the broker with regard the first three of the "prax. | mediate revision and to a further Ju the defendant Vsi the ept year as one of their own sartsx. Let Chins now show that attitude of men who at all ceste choosing: her Customs revenus ber claims to enjoy tariff autoo. and all hazards were going to assuming the addition presently omy are based not on a privi deny that they knew him. Locking of the 24 per cent surtax propos- theories but on the solid fact of at the whole of the transactions at the Washington Conference ability to govern. If she cannot from a business point of view. Mrwill be very substantially in- do this, the proposed su tax Potter naked if it was not a recreased, and this has been accom- ought not to be imposed and the markable thing that the brokers plished without any untoward in- less said about tariff autonomy Should never enquire who the procident or friction. As far as the better.-N. C. Daily News. prietor of the firm was never seed British merchants are concerned to see him and never even asked this is largely due to H.M. Com- what authority Xavier had. Himercial Counsellor of Legation. case was that the brokers, Comper Mr. H. H. Fox, to his able al Jam-ete, both koos Chilieutenant Mr. A. E. George, to! Tin.ch. He urged that the Mr. A. W. Burkill. Chairman of credibility of these two witres the Chamber and to the special- coill not be led by the factists of the Chamber who gave ex. that they were brokers and therepert help to each of the thirty fore above reproach, and that this. Sup-Committees into which the
The hot months are the most being the defendant in the care. Commission split itself up
dsagerons to children. The com- ma- worthy of an eredete. Mr.
For these happy results the plaints of this season, which are consumers, of course, pays. The cholera, infantum,colic, diarrhoea duties on piece goods and cotton and dysentery, come on so quick- yarn have gone up by 58.123 15 that often & little one is beyond per cent.; the method by which aid before the mother realizes hu this figure was arrived at being the application of a uniform per. centage of increase over the old tariff rates, the percentage being ascertained, to quote the terms of the resolution which the Commis. sion adopted, by a comparison of the Shanghai market value of If he could prove that the contract each article during the six months
Entter,coaclwind bis address to Brierly summarising the prints of the defenduat ease on the tion of gearral authority, content ing that the plaintiffs had failed to į prove any authority,
Question of Authority. Mr. Jenkin, teplsing for the plaintiffs, said that on such issue 84 remeral authority or special authority had been raised by him
|
in gestion was male with the with the present tariff duty rate sasetion. approval or for the on the same article tanttiplied by benent of Chin Tin cao, then it twenty." the quantity of each was a firm's coateset and as such class of goods imported being ne was entitled to juduent against taken into account. This method the defendant. The first fact Mr. which, we think it will be gen- Seakia brastted in favour of the erally agreed, has worked out plaintif was that during the period very satisfactorily, originated in *jet Navier's managersbip every ex- the fertile counsels of the Piece change contract through any broker Goods Sub-Committee of the aad with any book had been made British Chamber of Commerce, by and theagh Xavier caly. It whose chaitinan, Mr. L. M.ff. was entirely untrue to state on the Beytagh, gare invaluable assist. contrary that every contract had sucę to the British Delegation been made solely through Chin. and, incidentally, to the Commis The second fact was that all the sion as a whole, in suggesting and contracts made by Xavier, with the propounding the use of an index exception of the three in issue, had number. Heary woollens made been recognised. takes up and met from remanufactured wool will h the firm. The third was that yield considerably more than they these prognised firm's contracts have been doing; while the were both previous and subsequent advance 00 woollen vicunas, in date to the contracts in issue. meltons, etc. is decidedly heavy, Once it was found that these con- Metal duties generally have in- tracts had been recognised in some creased in varying degrees though shape or form by the firm, it fol-not to the extent, except lowed that either Xavier had in a few isolated cases, that might gézeral Authority or special bave been expected; most of the jauthority to make them or that principal chemicals will have to there was a subsequent approval or pay more, though some, it may adoption of these contracts by be noted, will pay considerably Chin when he found they were less: paper, we naturally note going in his favour. Chin's false with special interest will pay at assertion that Xavier had nothing the average increased rate of 64 whatever to do with these con- per cent., while groceries and tracts left it upen to the Court to wines, in which we are all in-i draw any conclusion of fact which terested, will also be more heavily was warranted on the evidence. taxed. The new duty on currants The only conclusion that could be and raisins, for example, is over a drawn in view of Mr. Tso's evidence hundred per cent higher than as to the initial intention of the the former duty, that on bacona parties when they draw up the and hams over fifty per cent. agreement was that the contracts higher, while whinky, gio, als, were specially authorised by Chin beer and stout will pay half or subsequently adopted.
as much again as they have been paying. Judgment was reserved
THE VICTROLĀ.
A small investdient with a
biz dividerst.** : MOUTRIES-Exclusive Dirtributors
All of which shows that the Chinese were entirely correct in their assertion that the old tariff had a whole fallen far below an affective 5 per cent. That being the esse consumers in general, and British constímere in partis ular, will not gradge China's· DE- joyment of her undoubted right
GUARD BABY'S HEALTH
IN THE HEAT.
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