1932-08-11 — Page 6

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H

Hong Kong. Thursday, Aug, 11, 1932.

Success Of The War Loan Conversion.

loan

THURSDAY, AUGUST 11,1

DEVELOPMENT AND CHINA'S LEADERS ARE

PROGRESS.

St. Stephen's College Review.

"There are signs of progress and developement all around us. When we first came. here, there was a narrow road as far as the villäge; we continued that road to the Col lege; and the road to the village was widened," writes a contributor in "The Chimes," the magazine of St. Stephen's College.

ARMY'S PUPPETS

ghabis

MR. SUN FO REVIEWS POLITICAL FIELD

"JAPAN WANTS WAR"

URGES CHINA'S FRIENDSHIP FOR RUSSIAN PEOPLE.

"Now a new government road is under construction, which will go to the end of the peninsula where at present lies the little village of Wong Ma Kok. The bathing beach resignation from the presidency of the Executive at Stanley is crowded with mat Yuen caused the present political turmoil, was sup-

Although Mr. Wang Ching-wei, whose recent

sheds, and White Sand Beach in

Tweed Island Bay, where there posed to be in a position of authority, he was, in were two sheds when we came, al- fact, governed in all his acts by the power of the ready has a dozen, and more are Military Party. This is the blunt assertion of Mr. being built. There are proposals. already being carried out for build Sun Fo, former President of the Executive Yuen ings in several large areas near himself and a son of the late Dr. Sun Yat-sen. We cannot help feeling the loss of

China, he says, is controlled by the Militarists.

our promised seclusion, but we are

public-spirited enough to welcome any developments which are for the good of the community of which we are a unit

News in Brief.

"

!,

"

Mr. Sun declared

"My opinion is that China hould resume her friendship with Russia. Nanking, I am "It is interesting to guess who sorry to say, has made no move

the Executive Yuen. Personally,ment wants a non-aggression. I think Chiang Kai-shek willpact before any renewal of rela

In view of the tremendous in- so vitally concerned with their terest in Nanking's affairs which own economic affairs and have all China feels to-day, the "China not been able to attend to other Mail" approached Mr. Sun Fo to business. Japanese militarists With all these signs of growth obtain his personal views in believe their power superior to America's and to Boviet Russia's. we must not stand still ourselves. current politics.

that If these powers were to interfere We cannot stand still. At the

time had come when with Japan's business in Man- opening of the Science Block last the

would have to move churis, Japan would promptly go year Hon. Mr. Shenton, in a speech China

herself against to war with them to defend

Japan Wants War. reported in this issued, spoke strongly on this subject. He men foreign invasion, that her best

"Japan is anxious to war with tioned our needs. We shall always means of preserving her future have needs, and one growing need is was to make a bond of friend-Russia before the completion of country's reconstruction a new bostel We are steadily ap ship with the Soviet and devise that proaching the limits of our accom- means of more democratic gov programme, and is anxious to ernment. He foresaw a war; for deal with America before the miodation. We have made good

it was inevitable that Japan's completion of the naval pro- progress, and if we have one more hostel we shall be able to do much desire would bring her into con-gramme which will give America, Ever more to make the work of the whole fict with either Russia or parity with Britain and an ex-

ceas of tonnage over Japan, ad* 1 considerable margin.

America, or both, he said.

"Mr. Wang Ching-wel could cording to the London Disarma- since June 1, 1929, the Govern-College more efficient. ・・

We hope that all who, read this,

"In view of this attitude of - ment has had the right under and who have the welfare of the

ternal and external policies,"

was Japan's it would not be surpris the terms of issue to repay the College at heart, will do their best of manage to carry out his in- ment Conference agreement.

on three months' notice, to help us to attain to this our next said Mr. Sun. "He

balked at every turn. We ing if America and Russia came should sympathise with him to some sort of understanding and understand the reason for and resumed amicable relations. Hitherto it has not exercised the step forward." option of redemption, for the

his resignation. I hope that As far as Britain is concerned, after the resignation of Marshal she obviously does not desire simple reason that while money sometimes was cheap the Bud-

The theft of $42.55 in money, a Chang, China will enter a new war. She wants to expand her trade. But France, on the other gold pocket watch, a gold pencil era of politics. The remarkable success of the get was unbalanced, the credit

view to Russia and Japan at war, since war loan conversion is one of the of the Government was low, and and a piece of jade, has been re- "Mr. Wang's resignation was hand, is probably anxious to see Shaking Marshal Chang, alone, she considers the Soviet an outstanding, financial achieve conversion therefore was neither ported by Mr. S. K. Loo, of the not handed in with a

but to test the power of Chiang enemy ments of the century and while justifiable nor practicable. That South China Brickworks, Ltd.

Four cases of Cholera, one case Kai-shek, also. Chiang does not the final results are not yet avail the British scheme is sound fin✨

of spinal-meningitis" and one case like Chang's resignation.

Chiang To Succeed. able it appears that at least 80ancially is confirmed by the per cent. of the £2,000,000,000 course of Stock Exchange values of diphtheria, have been reported in war loan has been converted. The National Government was the return of notifiable diseases

August 9. Apart from the tremendous au- returned to office primarily for for the last 24 hours ending will succeed to the presidency of in this direction. The Govern nual saving to the Government-the purpose of rehabilitating the

A fine of $10 was imposed by take the post for no-one of a tions are considered. That is which should lead to reduction in financial and economic position.

establishing them the abnormal and crippling taxa-of the country, and of reducing Mr. E. I. Wynne-Jones in the Cen-party outside the Militarist Cliridiculous. We severed relations "The resumption of this amic tion the fact that the British the excessive burden of taxation, tral Police Court this morning, que can succeed. The head of with Russia and it is our place to

There have been two big mis ed. with shooting at a pigeon in a puppet of the Militarist..

takes made by the Kuomintang," able relationship with Russia is Government can manipulate and It has succeeded beyond expect when a Chinese youth, was charg-the Executive Yuen is simply a make the first move in re- complete such a gigantic operation in the first object, and it is tree on Garden Road.

A charity performance of Raja Mr. Sun went on. They have a most imperative step for the tion is a most encouraging sign now engaged in preparing for

Harishchandra (a play in Hindus been too narrow in their views well-being of Chins. accom- the second. In order to achieve and one which should

other matters to attend to. plish a great deal towards restor-this end it must reduce expendi- tani) is to take place at the Po and have neglected the other fel-We cannot depend upon the ing confidence not only in Bri-ture, and conversion" of War Hing Theatre on Saturday at 8.80 low's outlook, and there has been League of Nations to save our one substantial way in p.m. Proceeds of sale of tickets too much yielding to the militar-country. That busy body has ""There is only one way of China must unite and work out. own salvation," "Mr. Sun fare Centre, Indian Troops.

dealing with the Military Rule her. tain but also throughout the Loan is

The benefits world. The reaction has already which expenditure can legitimare to be devoted to the Child Wel-ists' demands. been most favourable and the ately be reduced.

Hotel since the last list was pub-more democratic governinent, a stock market has responded in of the conversion plan, however, New arrivals at the Peninsula and that is to adopt a policy of concluded.

The are not confined to the advanshed are Mr. C. Armitage, Mr. government by the people. The encouraging fashion." scheme was brilliantly conceived, tage that it brings to the Exche-| and Mrs. J. E. Falch, Mr. and Mrs. Kuomintang and the people has largely lost its power, and soundly organised and efficientlyquer, and should later bring to F. Jones, Miss J. E. Mansfeld, Miss should unite to this end. As a The raising of McMillian and Mr. and Mrs. L matter of fact, the Kuomintang

A. Thackrey and family..

the Militarists have been quick carried out, and great credit re- the taxpayer.

small fire, caused by an elec- to seize the advantage offered Admits Getting $5,300

By False Pretences. flects on Mr. Neville Chamber British Government credit has already raised substantially the

It has been the argument in fain-who

el of every, Bertion third room of Bow Haiphong Road, People Must Govern has proved himself one credit level of every British bor-tric wire fusing, broke out on the them

es were extin-the past that the country must ples of of the soundest and ablest of rower both at home and abroad. Kowloon, in the early hours of this It

seen in the enormous morning. The flames were

the Centr Chancellors. One of the most This is

But there has been no special Jones in attractive inducements of the rises that have taken place in guished by the Fire Brigade and go through a period of training (by an unemployed

suffered.

training for those who now goy Court this morning, scheme was that there was an Empire securities. The rise in Police, no serious damage being before it is fit to govern itself. appeared before, Mri Mr. and Mrs. James Ormiston ern, I think It is certain that with obtaining $5,800

For the prosecution, Inspec- entire absence of compulsion of security values has also enabled "Frozen" credits to be any kind, and the terms were some f

Menelaus on an extended holiday some defects in a system: of such as to be almost too gener-thawed, and has thus, recreated left yesterday aboard the ss in the beginning there will be Bank of China by false pretences. purchasing power. By cheapen They expect to be in the United government whereby the people tor Murphy asked for a re- ing borrowing the Government's Kingdom for approximately three have the power. But we do not mand in order that the com-

con months, and to return to Hong say that we must stop eating plainant might be sought conversion plan will indeed,

Kong via the Panama Canal,, New entirely just because, to use a homely term, we have a stomach, noismall

Zealand and Australia.

ache.w tribute eventual messure to the gradual recovery

cha dudas Conversion of business." has a moral aspect. Ong of equity conversion could not has been delayed longer

Voluntar nversi

There is no resemblance tween this entirely don and puz schemes of a compulsory charac of that kind have

+

Coolis wasWe should seize upon the pre- hond for 12 sent opportunity to instruct and before discuss with the people & the Court this affairs of the nation They are rrested or the interested at this

ards taken the mass

ed at the lity!

ན་

CHINESE CHARGED WITH FRAUD.

was enter

Personal Pars.

the

Major B. B. Barrett arrived here oment. Let this morning from Manila ont

Empress of Russia the responsib

Among

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