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Wednesday, 27th May. Saturday, 9th June.
Asana Maru ...
SEATTLE, VANCOUVER via Shanghai & Japan Ports.
Taiyo Maru
Hiyo Maru
Hoian Maru..
....
Tuesday, 2nd June. Tuesday, 30th June. LONDON, MARSEILI ES, ANTWERP & ROTTERDAM via
Singapore, Penang, Colombo & Suoz.
Hakusan Maru Haruna Maru
Saturday, 16th May. Saturday, 30th May.
SYDNEY & MELBOURNE via Manila & Ports.
Kitano Maru,
Asuta Maru
Saturday, 23rd May. Saturday, 27th June,
BOMBAY via Singapore, Penang & Colombo,
"Takiwa Maru
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Wednesday, 27th May. Thursday, 11th June. SOUTH AMERICA (WEST COAST) via Japan, Honolulu,
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Monday, 25th May,
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Friday, 15th May. Thursday, 11th June.
CALCUTTA vin Singapore, Ponang & Rangoon.
"Hangaon Maru
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SHANGHAI, KOBE & YOKOHAMA.
Kashina Mare ...
Friday, 15th May, Friday, 20th May.
Saturday, 16th May,
Atsuta Marn Nugasaki Direct) Wed, 28th May, Gonoa Maru
... Sunday, 24th May.
*Morioka Maru Moji Directi Monday, 25th May. "Carge only.
THE HONGKONG TELEGRAPH. FRIDAY, MAY 15, 1931.
CHINESE VIEWS ON DOLLAR PROBLEM.
MEMORANDUM AGAINST
GOLD STANDARD.
SERIOUS TROUBLE IN CAIRO.
POLICE FIRE ON A MOB OF RIOTERS."
UNION CHURCH, KOWLOON.
YOUNG PEOPLE SAY FAREWELL.
The
The sub-committee of the local
Cairo, May 14. Last night, supporters of the Chinone General Chamber of Com-
The elections of firal degree Kowloon Union Church were given merce, which was appointed to draw delegates, who will eventually re-the privilege of scelag their pastor up a memorandum in the subject of
turn the members of Parliament, the Rev. J. Horace Johnston, us the dollar and silver slump, for pre-opened this morning.
a nerve-wracked author. sentation to the Currency Commis- sion, has submitted the following: Serious trouble occurred in the roverend gentleman, with his wife. Bulak and Shubra quarters, where was taking part i in a one-act play Supplementary to our letter ad-
by Gertrudo dressed to the Currency. Mission, we rallway and, arsenal workers aro The Rest
of a beg to present the appended views striking. Mobs at Bulak attacked Jennings, this being part
enjoyable concert re- 1-If Hongkong goes on gold basis, attempted to barricade the streets,
Union Church Young the demand for silver will without a pulling down lamp posts. The Kowloon doubt become considerably smaller police were obliged to fire, and it People's Society (Junior branch). its price is bound to drop, which, in
is reported that maay rioters were The proceeds were for the benefit turn, will intensify a farther drop in killed.
of the Building and Furnishing' the value of Chinese silver currency.
Fund. The Chinese, In the circumstances, will obviously withdraw their deposits from Ilongkong and remit to other places sucli an Canton. Shanghai or Úvernes ather Treaty ports, as the Chinese have been comitting to Hong-ed kang at present. That being the case, Hongkong as the financial centre of South Chinn, will be affected serimus extent.
respecting Stabilisation in the Colony: and burnt tramears and buses, and the first effort of the
to
裁
The movement his spread to the Saptich quarter, near railway station.
the main
Later. Two,British engineers are report- to have been seriously wounded in this morning's rioting.
The casualty list up to now is 10 killed and so wounded-Reuter
and
Those who were present to see Mr. Johnston endeavouring to get a rest euro, ably assisted by his | wife, Miss Edith Thomson
Miss Peggy McCaw (nurses), and Miss Pat Gardner (servant), had their money's worth. From start to finish those taking part were a great success, and were deservedly 2-As in all the world over, the
Applauded for a most excellent and middle class people form the bulk of the population and if gold standard
laughable presentation.
on the Is adopted here, this class who, with
Another one-act play
"Auntie." by S. C. n view to seeking gain. will be in The question of exodus the programmic, duced to remit their earnings to these population is not so inconsequential Woodhouse, in which all taking places mentioned above and because na may be imagined at first right; for part
youngsters, were of the proximity to Hongkong, they it must be borne in mind
the also most successful. their life-blond of the Colony depends, infrat move can easily manage to families to Cunton and the interior NO as to curtall family expenure. Thus the number of the middle class people here will be reduced,,
3---If Hongkong changes to gold basis, the rent, wages and materials of the factories In the Colony must be made conformable to gold currency. but these products Are dependent mainly on the market in the interior for an outlet. Now, by conversion of the Hongkong gold currency into Chinese silver currency, the price of these products must be enhanced, this epart frum import duty. At
rate, how can they compete against the products of the interior? There fore the factories will be obliged to them- move to the interior to sove selves from loss, ruin and bankruptcy.
factorles So the number of
and workmen will necessarily be reduced.
4.- Hongkong changes to gold standard, herenfter, in vlew of the dandvantage arising from converting Chinese silver money into Hongkong gold currency, the tourists from the interior will be deterred from visiting Hongkong, and consequently their number will also be reduced.
-If Hongkong changes to gold currency, the number of students from the interior studying in Rongkong, though comparatively small, will find their limited means greatly affected thereby.
G-If the local currency is changed to gold, the import merchants, on account of paying for storage and transport charges in Hongkong guld currency and increasing heavy cost will hereafter Bnd it deult to din. pose of their goods and are bound to mdrs to Canton,
It is said that the Canton Govern- ment have been contemplating_re-
cently building warehouses at Chow Tao Chi, Canton, similar to those in Europe or Americn, where goods brought in by ships may be stored and duty is paid for them at the time of elentanee from the warehouses. The question as regards lack of ware- homes in Cantem is not such a serious one after all. If it is suld that the harbour in Canton is too shallow to enable hig ships to enter directly, the goods can be transported from Shang- Îni to Canton on smaller steamer", without paying duty. The question of shallow water, therefore, does unt come in. But the number of import merchants in Hongkong is bound to redheed, if Canton can offer the facilities referred to above.
for
exocum of the population will surely
follow.
of
that
effort
IL
Was
For Victoria & Vancouver
EMPRESS OF JAPAN
Sails
10 A.M.-Saturday
23rd MAY
vla
Shanghai, Kobe, Yokohama
& Honolulu
The White Empresses are the largest and
fastest liners on the Paolic
12 DAYS FROM CHINA AND 6 DAYS FROM JAPAN TO CANADA AND U.S.A,
Kobe Yokohama ilonolulu Vancouver Leave Leere
Arrive
Hong Kong Shanghai
LAETH
LEATH
was
As
extreme-
Empress of Japan Empress of Asin Empress of Cannda Empress of Runic Empras of Japan Empress of Аміть Empress of Connila Empress of Eunnia Empress of Japan Emprana of Asin Empress of Canada
May 23
June 5
May 26 May 28 May 30 Jund 5 June 10 June 13 Jun 8 June 11
Jana 22
Jun 20
June 23 June 25 June 27 July 3
July
July 3
July 6 July July 11
July 20
July 18
July 21 July 23 July 25 July 31
Aug. 6
July 31
Aug. 3 Aug. 6 Aug 0
Aug. 17
Aug. 16
Aug. 18 Aug. 20 Aug. 22
Aug. 30
Aug, 20
Aug. 31 Sept. 3 Sept. 6
Bent.14
Sept. 12
Sept. 15 Sept. 17 Sept, 10
Sept.27
Sept. 25
Sept. 28 Oct.. 1
Oct. 3
Oct. 12
Oct. 10
Vck 13 Oct. 16 Oct. 17
Oct. 25
Empress of Russin Empress of Japan
Oct 23
let. 26 Oct. 28 Oct. 31
Nov. 9
Nov. 7
Nov. 10 Nov, 12 Nov, 14
Nov. 22
the main, on the bulk of the Chinese ly good, And all the boys and people who support the various enter. prises in Insurance, Shipping and girls deserve congratulation for a show. Those taking Banking. And one needa only to delightful
ON
consider the Public Utilities in the part were Miss Mary Taylor, Miss Colony; notwithstanding the present Pat Langmeade, Mian Peggy Mc- Olive Gardner, severe depression of trade, the local Fayden, Miss tense population have kept, never-Alastair Holland, Norman Clarke, theless, everything going and
Cabel Dalziel and Douglas Taylor, paying brais.
Additional numbers were given by Mrs. F. Short (planoforte solo), Mr. J. J. Cornelius (song), Mias Lawson (songs), and Mr. S. A. Sweel (topical humour).
are
Obversely, Hongkong, as
centre, depends. ฤท the tributing volume of traffle passing through in commerce, shipping and banking. The greater the population, the larger the amount of trade, and the more
Token to Minister. Anancing netivities there
At the conclusion, all membera emanating from the local banka.
on the After Stabilisation, there might bo of the casts assembled more stability in currency, but it stage, when Mias Pat Langmeade would more likely than not bring about said: n dwindling population, trade, ship- ping and banking. Doos'nt that seem to sacrifice much for 11ttle?
one Impariant essential, namely Dairen has the advantage of Sino-Japanese co-operation, closest that is, the Government and people, in agricultural and industrial enterprises, In addition to the usual portion of shipping and banking.
Guilds Meeting.
the
Mr. and Mrs. Johnston, this is the last of many jolly evenings which we have spent together in
."
The Stabilisationists have referred to the adoption of Gold Standard our junior Y.P.B., and we ask you Dairen with nauseating frequency, to accept these flowers as a token of our love and appreciation for They have, consciously, closed their
all your kindness to us. We are eyes to
very sorry you are going to leave us. but we hope you will have a very jolly journey to England, and on your arrival find many friends ready to give you real and happy welcome home. It will be a very long time before we shall be able to forget all your kind- neas to us and we shall miss you very much. In saying farewell, we hope that you will be able to go forward in health and hap thepiness to success.-(Applause). The chairman explained that
problem
All eurroney
concerned Chinese merchants he desired the gathering to give the problem their careful consideration. Mr. Daw then invited Mr. Hu Tutor address the meeting on the pros and cons of
A discussion on the currency problem was held at the Twenty-four Trade Guilds' Association last evening. when a representative gathering of Chinese merchants was presided over by Mr. Dow Tze-tuen.
stabilization.
After emphasising the chaos which, he said, would result during the transitional period were the long kong dollar to be stablised. Mr. Ho Tu said that those who advocated Mabilisation had to consideration for the general good of the community, and be considerril that such people not only did a lot of propaganda werk in Hongkong but they alan sagtested t labour circles and manufacturers at flame that if the Hongkong delinr were stabilized the purchasing power of the people would be increased con- siderably.
Miss Pat then presented a beau- tiful basket of flowers.
In replying, Mr. Johnston ex- pressed, on behalf of his wife and himself. warm appreciation of the gift, after which he expressed satisfaction, amid applause, with the standard achieved by the youngsters with their first effort. He added that he had enjoyed his! work among the young people; tremendously, and he had a few! gifts he and his wife would make. To the Sunday School he would Hive a Christmas tree outfit and to the Young People's Society a ping-pong set. including a table, to form the and some books nucleus of a library they wished to form.
Mr. Johnston expressed part- cular thanks to Miss Peggy Mc-| Caw, saying that when a matinee was given on the previous day she
7. The adoption of gold standard
Mr. I told the meeting thal means that hereafter the Oversea
those who had invested in shares and Chinese, on account of the low value End property in Hongkong would be in silver money of the interior, willouch affected by stabilization. The be forced to make their remittances Kam Pak Hong importers, and ex- direct to Kwangtung for the purposes porters would be the first people had a temperature of 102 and was of having gods art the export firms, affected by the chaos produced fallow- suffering from an influenza cold. placing orders to the interior
ing stabilisation, he declared, The She could not be present at the export to Amerles and Australia, will trade depression at Annam and final assembly on the stage na she surely and more advantage accrued Kwangchowan following stabilization had had to hurry home, but it was from establishing themselves in Can- was elted.
splendid of her to turn up as she ton instead of Hongkong
had done. He also expressed par- Apart from the foregoing adverse
ticular appreciation to the stage factors militating against the com-
manager (Douglas Taylor).
For further information apply to:-NIPPON YUSEN KAISHA.mercial life of Hongkong, it may alse
Telophone 30291. (private oxchanges to all Dopts.
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Mr. Ho lu also visualized the danger of people drawing their money from banks
for property investment in China, when they found that they be taken into necount the following: were holding a much dearer currency. Let it not ho overlooked that K with the result that Hongkong shares Hongkong adopt the Gold Standard and properties would be affected. before Ching, and if the Hongkong This would indirectly affect mer. dollar is to be stabilised far above the chants putting ahuren and property parity of Bar silver rate, the con- deeds in banks as security against Requence would not only be with their letters of credit. drawal of deposits or liquid money from the Colony, but that it would
Sub-Committee Formed.
give rise to an unprecedented slump On the suggestion of the chairman, in the share and property market. If the meeting resolved to appoint a sub- the trade of Hongkong is diverted to committee to draw up a memorandum, other trading porta in China, the presenting the Association's views on
General Managers? BRANDT & CO
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Delegates from the following in- terests were elected to draw up the memorandum.-Sugar, shipping, Shanghai Importers, Shantung pro- duct importers, Nam Pak Hong firms, rice, ginseng, importers and ex- porters with connexioas in the U.S.Ay and native banks.
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