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WAR DEBTS.

BRITISH NOTE TO FRANCE.

Hongkong Telegraph.

SHARE MARKET.

FEBRUARY

1926

七月正

LOCAL · RETÍKEMENTS THE RENT QUESTION,

FOUND: 1843 No. 11,750

安邦濃

九月式英港費

MONDAY,

$20,000 JUDGMENT,

ELECTRIC COMPANY

COMPRADORE'S CLAIM

AGAINST LOCAL FIRM.

RUMOURS,

The feature of an otherwise In an fr parte action hoard tho Chief Justico, Bir THE BALFOUR PRINCIPLE, rather dull share market to-day before

has boon the strong enquiry for Honry Gollan, this morning, judg- Hongkong Electric Company's ment for $20,000 was given against

ontored into

2

MR. H. PEROY SMITH.

One of the best-knówd parson- alities in Hongkong—namely, Mr. H. Poray Smith-is, It is announe- od, retiring from business on acucunt of fl-health. For over

made & host of friends, who will wish him a spoody rastorátion to hoalth. Apart from his qusiness as a chartered accountant, Mr. Smith, has come into prominence locally by reason of his distin- guished career as a Freemason, being a member of the 3 th degrea, whilst by his genial personality and happy disposition ho has bocomo a great favourite in social

circles.

London, Feb. 8. A British Notu to Franco with shares, Business was done in Mosars Henri Krabs and Com-twenty years he has residuit in the Colony, during which will hehas regard to the French debt ataton this stock during the past wook pany and Houri Krabs. that the Government adheres to at 84734, but the price has now The claim was made by Kwok the Principle of the Balfour note, hardened to $49 for cash, whilst Ping, until midsummer last year but parts of Lord Curzon's Note as much as $52 for April has boon compradoro of the Company, who of August 11th, 1923 referring to paid on forward deals. Buyers was represented by Mr. Eldon

Potter, K.C. Mr. Bonar Law's proposals of prodominate. January, 1923, aro clearly no There are many speculations

Mr. Potter, in his opening, said longer applicable to existing facts rife as to the reason for thie that the defendant company were of the situation, as it was written appreciation, the rumours vary merchanta carrying on business hoforo framing the Dawes plan, ing botwoon the statement that a and on the assumpions that the lighting contract has boon accuredt King's Building. The plaintiff contract with total German liability be fixed at for Kulangsu (Amoy), that a bonus them under which he was to not a figure less than that adopted in of $1 per share is going to be paid as compradore for five years. the Dawes plan and that bonds and that an amalgamation is

Sootion 17 provided that bai of the kind contemplated in Mr. to take place hotwoon the Elec should deposit the sum of $25,000 Bonar Law's plan would be tric Company and the Gas Com-with a bank to ho named by the Whether there is any frm and that it should be in the Thoso

aro no foundation for the above specula-joint names of himself and tho longor tenable.

tions we have been unable to firm. He was to pay a further The prino.ple of the Balfour discover.

$15,000 into the account after one Noto is that Britain shall receive.

year. He was to receive interest. from Europe payments equivalent |

at the rate of three por cont, per to those sho le under obligation to:

annum, but ohould the company: make to the United States. The

requires any part of the sum Government cannot accept a

for a bona fide reasona,, they position in which this principlo

had the right to borrow it would only be achieveable upon

and pay interest at the rate of the basis of a full normal yield of

eight por cont. pur alinum. the Dawon annuities or by taking |

Section 5 of the agreement pra- at value debts which cannot sti The water on the Second Bar, vided that the compradors could, present be treated as good aṣsats,

which had tomporarily risen to The Government has already over nino foot, has now gone down by giving three months' notios, consented not merely to reduce again, and there was only 8 ft. nullify the compradore agres- the claims against the Allies to 5 in. there on Saturday.

insuod.

рово.

Assumptions

pany.

WEST RIVER NOTES.

TAX ON FIREWOOD,

This means that Britain loaded on not only takes to its own obargo and the m

//

mont.

Kwok Ping, continued Mr. the amount necessary to cover its The military authorities at own payments in respect of the Wuchow have now imposed a Potter, paid the sum named, sub- British war dobt to the United tax lavy of 83 on each thousand-jeoquently withdrow $15,000, and Statos, but will actually apply the bundles of firewood exported. As paid in two furthor suma of $5,000 whole United Kingdom share of each lighter carries about 6,000 each, so that when ho gave three Gorman reparations to that pur-bundles full cargo to months' notice on May 22nd, last

the larger junks year, there was $20,000 duo to! s, this constitutes him. The money had been trans- the whole of its own war damages, a very

xpenditure, and, ferred into antire chans at but also eight bundred millions as a conger co, the exporting the Brandon to covor sterling of foreign soourition merchants' have refused to sound company's crodite, and when devoted by her to the general any lumber or firewood down the plaintiff's solicitors wrote to the In fact, defondante in roference to the effort before the United Statoe river for the time being.

thore has not been a cargo of matter, they ropliod that they entored the wat.

In the application of the Bai-irewood arriving at either Hong-had a substantial claim, amount- Σουτ Note to the existing kong or Canton from West Rivoring to $60,000, against Kwok situation the Government, reports since the Chineas Now Ping. They had made no at- membering that the inter-Alliod Yoar, and this will naturally tempt to press that claim and, in: debts woro incurred in a common effect an increase in pricos and fact, they had ignored roquests cause, has been propared to con a shortgo of supplies both at for particulare. On Jano 30th,' the compradoro was ordored by sider proposals under which the Hongkong and Canton.

lotter to give up his offico by one Sam Shui, Feb. 8. existing French debt to Britain; shall be reduced, provided the There is now one foot below o'clock that day. Kwok Ping

formal principle of definite payment by zero on the tide gauge hero, which Franco from her own national means that there are 10 foot of evidence to this effect, and His

judgment for! resources, and fixed with dua wator on the bar at the entrance Lordship gavo

$20,000 and costs. regard to her relative wealth and to the harbour.

κανα

tax-paying capacity, be Geared The difficulty of getting enough without rotorence to roparations, sampans to feed the river stoaniora The Government thoroforo is of is continuing, as the so-called) opinion that it might be found military polico at prosont only The spooches, at this morning's convenient for the French pay allow 20 sampans to run, of which sitting of the conference, by ments to be divided into, firstly two are always full of soldier British, French and Dutch dolo- fixed annual amounts to be paid patrols," The authorities

gatos clearly showed thoir

in

by Franco irrespectivo of actual charge have oven taken away the Governments were ready to sup receipts from the Dawon en-ligoncos of the steamship com- nuities in the particular year panies' own sampans, and it is prons the use of opium, and agreed and secondly a furthor annual known that several riverboat that the Longue of Nations should charge on the French share of captains have prevailed upon the fix the date from which the period of fifteen years should run. If the tho. Dawen dunnities. It of Commissioner of Customs to try course shall be understood, firstly and induce the mandarins of the producing countries adopted a Įsimilar attitudo the opium prob.

that all counter-claims by Franco district to bo more liberal with lom could be solved very soon. against Britain be suporsedod, the issuing of sampin licences.

On a motion by Lord Cooil the if and when payments derivod by| While the sambansat Wuchow Britain from European war debts are all registered at the Chinose conference adopted the principle and reparations wore sufficient Maritimo Customs, the military of the protocol of the second to provide a full discharge of the magistrato is the only man to convention, with some modifica- British obligations to the United deal with thom at San Shui. Ation of article one with regard to States over the full poriod of such tax of one dollar a day is being control of the production and obligations, including payments enforced. The allowing of only distribution of raw oplum, in already made, then any surplus twenty sampans to run is not order to satisfy the scruples of shall be used to diminish the only seriously impeding the rivor-Yugo-Slavia, Turkey and Persia Lord Cocil romarked that this boat passenger traffic, but causing The Government hope, if the great hardship to the rest of the was a great step in the advance.

Mr. Sugimura declared that French Government is prepared sampan population here, which to make proposals on the lines is said to number about 3,000 Japan would support all the measures to improve the Hague hero suggested, that a settlement poopla.

Convention. satisfactory to both countrios might be reached.-Router.

burdon of Britain'a Ailies.

BRITISH SHIP CAPTURED.

ALLEGED RUM-RUNNER.

OPIUM SESSION.

CHINA'S WITHDRAWAL.

In a lottor notifying the with- Įdrawal of China, Doctor Eze stated that the present conditions in NOT AN ENTIRE FAILURE.] China unfortunately made`it: im- possible for the Chinese Govern- mont to enforce effectively its Gonova, Feb. 8.

Now York, Fab 8. At a plenary sitting yostorday policy of prohibiting the produo- Coast guardsmen have brought afternoon the Opium Conference tion of opium for other than into harbour the British steamer passed the reports of the sub-medicinal and scientifle purposes, Homestead, laden with twoive committeos, and aftor the explan- but these conditions wore only thousand cases of liquor, also ation of the Indian dalogation. tomporary, and the Government twenty-eight of the crow, who rosorvad for further consideration of China gave an assurance that wore captured.

the question of hemp in conneo-It would not depart from this

to

Mr. Percy Smith weducatod at Wolverhampton Grammar School, and lator wax articled to Mr. Lawloy T. Smith (his brother) as an accountam, eventually go- ing into partásrship with him. Thon from 1893 to 1904, ho was a partner in the firm of Allen Edwards and Smith, chartered accountants of Birmingham and Wolverlapmton, whilst in June of the lattor year he came Hongkong, boing a partner in the firm of Pursy Smith and Sath. Later, the firm was enlarged and became known as Percy Smith, Soth and Flaming, in which Mr. Smith has ever sitica hold a partnership and from which he is now rotiring. A reemason, Mr. Purey Smith is a founder of sovera! Lodge

Chapters, whilst at the magier he holds several high ranks The oraft, Grand including that of Di Master of the can figa of Hongkong and Appl 1, as well D.G.S

Grand Royal Arah C

1935.

INTERESTING LETTERS.

Wo have received the following lotters for publication :-

Sir, I have been waiting for someone more competent than

оро

of tho most

$30 PILL ANNUM

COMPLETE;-

HK $2,955,

DODGE BROTHERS P Commercial Care-80 oublć, fest loading spaco. Oomplete" apsdifica-

tions on request. Including Mainato. Ignition and fiva Cord Tyres....

THE DRAGON MOTOR CAR Co., Ltd.

Telephone Central 1848 or 1247.

33 Wang Noi Chung Road...Happy Valley |

MORE ROBBERIES.

A LIVELY WEEK-END,

NEEDED FOR RACES,

A DEFENDANT'S PLEA.

A batch of armed robborios has

Eduardo Augusto da Silva, the beon engaging the attention of defendant in a “druok - and the police over the wook-end. incapable". osso hoard by Mr. N L. Smith at the Central Polico Two mon wore arrested in Court this morning, was at con-

instant.

myself to reply to the: astoundin, investigations following this otsidarable pains to explain to the statements made in the interview currence of an armed robbery in Bench that he was nooded for the with Mr. Henry Humphroye on ho Dentral district. Un Baturday Races, the rent question which appeared | morning, the manager of an im- In a long statement, punctuated in your issue of Friday. The ports and exports firm returned at regular intervals with the plea assertion that ronts in thie from making a deposit of 8000 atI hope, sir, your Lordship, you Colony are not high enough is he Taiwan bank to find arrange will excuse me this time, the

humorous men in possession of his shop at observations I have oncountered No. 40 Lower Lascar Row. The defendant pointed out that there for many years.

door, was olosed by a man who was very little time betwoon now pointed a revolver at him, follow- and the Racos, and as hotwas inter- I do not intend, however, to ing which an orange was put into ested in these, it would be nothing treat this matter in humorous his mouth for a gag, and strings short of a calamity to send him to strain, because it is one whiob were used to bind his hands and this could be, he explained that

prison in the intorim.. Asked how concerns the whole population foot. From a safo which they and if .It is

ho was solling "books" for the not

justly oponod with a key taken from dealt with, I foar

there the manager, the robbors stole a Jockey Club and would be having will be very

Borious trouble. sum of $20 in notes and a quantity an appointment there in coupec The remarks which Mr. Hum- of small colas, but the haul was tion with the Races on the 9th phroys mado regarding the sub-disappointingly short of expecta-

"Oh, are you a bookmaker?" letting evil look to me like a rod tions.

bia Worship naked. berring drawn across the path to

Thore le reason to believe that Defendant again explained that divert attention from the main issuo. There is, it in true, much the gang had exported to obtain he was solling "books for the profiteoring by people who sub-moro from the safe. A low days Races."

of tho

bis It bogan to down let promises, but what has that before the commission got to do with the matter of a robbery, a man had been at con- Worship that what the defendant meant was that ho was selling possible removal of the Rente siderable pains to strike up an Ordinanco Such an evil could acquaintance with the cook of swoop tickets, oxist whether the Ronts Ordin- the place. From this latter ho ance remained or not. At any apparently had secured all the

information rate, Sir, two blacks will never necessary

appor- make a whito.

taining to the possibilities of the shop. and

had the robbers arranged their plans accordingly. Unfortunately for the achemore, they timed their operation a fow minutes too late, and the of building. But to repeal the delay onabled the sum of 6900 Ranta Ortinanoo would not to be securely banked boiore the cheapon building costs. The sofa was opened. present hign cost of building only affects new property, which does not come under the Ronts

Mr. Humphreys says rents are not high enough, because in somo casos a fair roturn la not scoured considering the present high cost

Me, Sadhbarigan, & Cotty #Orlimonea the Peace for k

ARCHDEACON BARNETC.

Another ratire nint announci is that of this of the Vanorahlu Archina on Bernott MA., who, with Mrs. Barnett, will be loving for Hama nazt month. Elustod at Trinity College. Molbaurne, where he was Scholar and Prize- man). Archdeacon Burnett later bocamo Headmastor of Caulfold Grammar School, which position

It is understood the vessel was tion with the inclusion of hashish policy, and would exort all its soized within" ono hour's steam- in the list of dangerous drugs; power to enforce the polley in- also tho.question of heroin. dependently of the action of othor ing from tho alore."

It is reported that the coast- M. Toivols (Finland) submitting Powere, and also hoped the lattor guard ship fired several rounds a report by committes sixteen on would make every effort to pro- from its three pounder guns, the American proposals and Brit-vent the illegal traiño in opium, wounding some of the crew of the ish and French statements, said and narcotic drugs and progress- Homestead,Reuter's American the failure to reach an agreement ively suppress the legalised use. Service,

was more ... apparent, than, real, of prepared oplum. --Reutor."

on

"Defondant :-I sell books for the Races avery year."

His Worship: Is that all you do?

Dofondant-Not all I go to the Gymkhanas too. I have boen doing this for six years.

+

Dofondant admitted that was all he did in the way of work,

Inspector Spear suid defendant has been a grost nuisance to the He had beas polico.

given. many chances and only throe The same day a

man was nights ago he was let off after arrested at Tokowan in opanco-bolog found hopelessly drunk tion with the robbory and a coa- and incapable in the fession « extracted from humOn this occasion an Indian enabled the police to capture constable found him in the same another member of the goog condition in Queen's Road and it within a few hours of the first was then decided to arrest him... arrost. Both prisoners will he

The Magistrate imposed a fine charged in due couras bofore the of $5, which defondant said be Magistrate.

was unable to moat.

street.

PRESIDENT BOAT'S

3.0.5:

Porsonally I do not see what the landlords have to complain of in the rent control law. On old property they are allowed to charge a rent which is quite higt enough--much higher than much of it futahed before the Ordinance came into being. On new houses,

"NERVY" ROBBERS. hey can chargo whatever they like. So wherein comos the The upsetting of a chair spoiled armod the enterprise of two hardship?

-EndEver | robbers who entered a tonament If the Ronts Ordinance is not floor at No. 23, Lyndhurst Tarraco. ronewod, thero will be a great There were only

timid Rents од public outcry,

old women in the place to tacklo, but property will go up by loaps and the robbers appeared to to a bounds, and everybody will be "nervy" lot. In their pushing one compelled to ask for more salary of the victine, a chair was thrown to meet the incronso. This will over, and, approhonsive that the sond up the cost of living all noise raised" might alarm tho A message from Chio (Greens) round. Such. Sir, will be same people in the floor bolow, they says an 8.0.8. has been received of the evils if the prosoat protec-instantly bolted. A toy pistol from the American steamer Pro- tion is removed.

was later picked up by the police aldont Harrison, which is voy.

two

Yours, oto,,

HOUSEHOLDER. Hongkong, Feb. 8th, 1925.

on thoir arrival.

KOWLOON INCIDENT.

"HARRISON" SENDS CALL

FOR AID

London, Fab. 8.

aging from Shanghai to Now York-Router.

[The President Harrison left Last night, at 7.45 o'clock, Hongkong on January 6th, on hor No.6 Ashley Road, Kowloon, was round-tho-world routs under the Company, Steamship visited by six men whose business Dollar was made apparent by the carrying a large number of pas- Sir. It is evident that the revolvers they hold in their bands, songers No further news than landlordly class intend to do their Abdul Hamid Kahmin, who oc- that contained in the above tele- utmost to get the Government to cupled the house along with gram is yet to hand- Ed. H.K.T abolish the Ronts Ordinanco, and others, had his hands tied, and! leave tenants absolutely unpro- from a room occupied by a Japan tacted.

so the robbors stolo a telescopo, money, and other property to the

he bald from 1988 to 1996. He Such a policy would be a great

thon became associated with the Churol Missionary Society, and for the past eighteen years ha has boon in the Colony, holding the positions of Arohdeacon of Hongkong, organising secrotary of the South China Mission of the C. M. 6. and Warden of St. He has takon Blephen's Colloge avory prominant and able part in the religious life of the Colony, as well as in missionaty work in South China, and his numerous friends much reprot his panding retirement from a sphore where ho has worked so faithfully and woll..

FATAL FIRE IN BARRACKS.

MANY PERSONS KILLED.

Paris, Feb. 8. Thirtoon persons were killed and 15 seriously injured by the collapso of a wall during a fire in a disused barracks at Beziers

The dead are mostly soldiers and Bremen-Routerik

hardship to overy class and nationality of wagon earner, and

it soome to mo unthinkablo that the authorities could entertain such a stop for a moment.

money, and ot

FRENCH SOCIALIST

CONGRESS.

QUESTION OF POLICY, occupied is easily explained-they are not worth half the rent in

Grenoble, Feb. 8. You published a most in most cases demanded for them.

The congress of the French Bo, 21 torouting interview yesterday It is liko telling a starving, destolalist Party opened here this with the head of. I take it, thaitute man that he will find plenty morning, and is expecfed to Inst biggest European house-owning of food in a nearby restaurant, at loast live days. concern in the Colony. It is well which he cannot pay for. known that the

Humphreys

Considerable importance at

Estato people are reasonable to- Then, what safeguarde have taches to a big debate in which wards their tenants, and are not tenants against the wily landlord the main issue will be whether to likely to want more than a fair who, once they have got the poor renew the Socialist parliamentary return on their property oven folksnugly installed, and "settled," party's mandate to support the were their hands free, but it is can givợ thêm a "pay-up or quit" Government, as the role played by the Socialist deputies since M, Horriat's succession to office ha important to remember that they notice for double the rent? \ do not reprosant more than a Admitted

Mr. beon subject to a certain amount fraction of the landlords in Hong- Humphreys says, 'the Ordinanes of criticism, and the party is not kang and Kowloon, and their has permitted certain abusos altogether unanimate in tonanta are nearly all people of such as the notorious sub-latting matter.-Reuter,.: the better-off class.

that, дв

and key money oils, then let us What Mr. Humphrogs has have a now Ordinanco proventing failed to observe, apparently, these practicos, enforcing fair a that thoro aro hundreds, rents (vide the Fair Rents Board of landlords who will not suggestions of Prem and, public), only want the 8 per cent. but not leaving the sheep (and even turn he speaks of, but also me goats) to the mercy of possible another 88 per cent, as well-wolves. Enough said. they san get it.

Yours, Bio

To speak of there being houses and flats, vacant, in mlaldading.. The reason why they are not

Hongkong, Fab., 7, 1995;

Barom

TO-DAYS

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