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MUSIC:
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THE HONGKONG TELEGRAPH, SATURDAY, APRIL 4, 1931.
TO HELP THE FARMER.
THE NT. AGRICULTURAL
ASSOCIATION.
JAPANESE TRADE.
DEPRESSION REFLECTED IN QUARTERLY RETURNS.
Tokyo, Apr. 2. As is well-known, the New Terri-
Continued depression in Japan la torica Agricultural Association, i which conducts the shows in the reflected in the foreign trade figures New Territories, has an Agricul- for the first quarter of the year. the exporta taral Bank scheme, to ald the farm. These figures show ers. Details of this have already during that period to have been 293 been published. The following million yen as compared with Inst appeal is now made by the Cora-year's figures which amounted to 400 million yen, and Imports 330 million yen as compared with last year's total of 626 million yan.
mittee:
The New Territories Agricultur- al Association is now come into being and it is hoped that everyono in ilangkong will be prepared to give it support, so that it may be come of real benefit to the people of the New Territories, and there-million yen-Reuter. fore of Hongkong.
The only comfert derivable is in the reduction of the adverse trade balance which is now 37 million yen compared with last year's 124
share annually, which, however, is subject to there being a fair return from the accumulated funds. As most of the gentry are interested in getting this for themselves on: their money, it will be available. for the rest of us and there may always be others besides Chinese in control of the funds. Every- or thug is also under the observation
of the District Ofeer.
The Association aims at helping the farmers, not only in improving their agricultural methods, but lso in queuring financial assist anen at more moderate interest than they were able to enjoy form erly. It has been necessary for them to pay generally 30 or 36 per cent, interest, and reckoning on a monthly basis of 256 would make it still higher. Lip to the present. no efforts have been made to bring them relief, and it must be clear to every business man that this rate of interest must be an intolerable burden: and in fact it has been the meurs of mach of the land of the Territories pass ing into the hands of a few money- lenders, who have secured the pro- coat, perties al exceedingly' low Such a state of affairs should havo been remedied long ago, bat none the has taken up the chane of farmers. The Association appeale to you, who read this, to do your hit now, Methods have ben de vined, but ennital is needed, find you can put some vanital into it, and so help the needy people whom you pass by as you go round the Territories. It is hoped that is appeal will not be in vain. Those who fail to du their part will Juso a rare opportunity to improve the fot of mankind.
ber.
SC-
Two Ways to Help. There are 1ve ways in which you can help, first, Ty becoming a mem- There are at present four types of membership, First the joen farmers may become mem hers by paying one dollar a year. This admits them to the benefits, and also provides them with two tickets for the annual shaws. cans, members who pay five dollars per annum are eligible for election to the Committee. Third subscri bers of one hundred dollars at one time become life members; and fourth subse riters of Ave hundred dollars at one Lime heronte hon- orary vice-presidents fur life. If firms pay one of the latter sums they are entitled to delegate re- presentatives, no time limit being vet arranged for the termination of this honour.
It is hoped that at least twenty firms or individuals will become eligible for this privilege, and so provide 10,000 towards the endow ment fund. It is also hoped that at least one hundred gentlemen or Indles will be life members, and provide another $10,000. These fonds will be used for the same murpose as the loan fund describ ed below. The money will be lent to farmers at lower interest tin
t
Pension Fund.
1f a person wants to make pension fund for his servant of, say, thirty dollars per annum from 1950 to 1970, he can pay $540 now and be morally certain that the payment will be duly made.
The Kowition Residents' Asso- cintion is lending its best efforts in the furtherence of this work, and we look to all to assist. The present aim is to isane une thou- sand shares. One Chinese lady has taken twenty phares and one of the promoters in taking up five hundred shares on the basis of an dollars annual payment of four per share for the first five years, This is an alternative method of payment to the loan fund, but puts a less sum at the disposal of the Committee far loan purposes,
The ordinary membership fees will be devoted towards carrying ut the work of the Association, including the annual show. Other aims nee to promote agriculture, rural education, better water sup-.
ply, transportation and marketing feitles, analysis of soila niul ex- periments in tree planting and in! deduction of new and better seeds,
Letters addressed to Mr. J. D. Bush 276 Messrs. Yun Lee Yuen 6th floor, China Building, or Mr. 1ER. Wells cễn, Gêneral Chamber if Commerce, will receive early at- tention.
EUROPEAN
WATCHMAKER. JEWELLER & ENGRATIE $3, Natbed Band, Kowloon.
Bale and Repairing of Gold and Silver Goode any kind of Watches, Chroomsters, Chrono rapha. Repeaters, Speedometers. Typewriters sud anything in the time of dellexis mechani All orders executed Fromptly at modaraj« fatet.
M. BOUDATSET,
formerly and in the hope that in 900000000000000000
ime the rates of interest may be
till further lowered.
The Loan Fund.
The loan fund one that may be regarded as almost a gilt edged investment. Eighteen dollars are Jent now as one share, and after six years are repaid, fifty shares being drawn annually for ten years and one hundred annually for the next five years. The amount paid is twenty dollars in the sixth year, increasing by one, dollar annually till the twentieth year, when $35, is pal. This is almost three per cent in the sixth and seventh years! and over three per cent in follow- But it confers a fur- ing years. ther benefit in that one not only gets one's money back with modor-" ato interest bat from the twenty firat to the fortieth your one re-
THE HONGKONG TELEGRAPH"
would appreciate the loan of Photographs of Hongkong,
(either views or personalities)
of Fifty Years Ago for publication in a proposed
TELEGRAPH JUBILEE
NUMBER.
ceives a bonus of one dollar per' 900000000000000000
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