1932-08-11 — Page 7

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H

Hong Kong, Thursday, Aug. 11. 1932;

Success Of The War Loan Conversion.

THURSDAY, AUGUST 11, 11932.

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 village; } we continued that road to the Col- kego; and the road to the village was widened," writes a contributor in "The Chimes," the magazine of St. Stephen's College.

"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

ARMY'S PUPPETS

MR. SUN FO REVIEWS POLITICAL FIELD

“JAPAN WANTS WAR”

URGES CHINA'S FRIENDSHIP FOR RUSSIAN PEOPLE.

Although Mr. Wang Ching-wei, whose recent

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 sheds, and White Sand, Beach in

Tweed Island Bay, where there posed to be în 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 dezen, and more are being built. There are proposals Military Party. This is the blunt assertion of Mr. 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 our promised seclusion, but we are China, he says, is controlled by the Militarists.

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

We hope that all who read this, America, or both, he said. cess.of tonnage over Japan, að~

News in Brief.

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 With all these signs of growth, obtain his personal views in believe their power superior to militarists

we must not stand still ourselves. current politica.

America's and to Soviet Russia's. We cannot stand still. At - tha Mr. Sun declared that If these powers were to interfere opening of the Science Block laat the

time had come when with Japan's business in Man- year Hon. Mr. Shenton, in a speech China would have. reported in

to move churia, Japan would promptly go this issued, spoke to defend herself against to war with them,” strongly on this subject. He men foreign invasion, that her best tioned our needs. We shall always means of preserving her future "Japan is anxious to war with

Japan Wants War. have needs, and one growing need is was to make a bond of friend Russia before the completion of new hostel. We are steadily ap-ship with the Soviet and devise that country's reconstruction proaching the limits of our accom means of more democratic gov-programme, and is anxious to modation. We have made good ernment. He foresaw a war; for deal with America before the progress, and if we have one more etwas inevitable that Japan's completion of the naval pro- hostel we shall be able to do much desire would bring her into con gramine which will give America considerable margin.

Ever more to make the work of the whole fict with either Russia or parity with Britain and an ex- since Jane 1, 1929, the Govern- College more efficient. ment has had the right under and who have the welfare of the

"Mr. Wang Ching-wei could cording to the London Disarma- the terms of issue to repay the College at heart, will do their best manage to carry out his in- ment Conference agreement.

ternal and external policies," "In view of this attitude" of loan on three months' notice. to help us to attain to this our next said Mr. Sun. He was Japan's It would not be surpris- Hitherto it has not exercised the step forward.".

balked at every turn. We ing if America and Russia came option of redemption, for the

should sympathise with him to some sort of understanding and understand the reason for and resumed amicable relations. simple reason that while money

his resignation: I hope that As far as Britain is concerned, sometimes was cheap the Bud-

after the resignation of Marshal she obviously does not desire The remarkable success of the get was unbalanced, the credit The theft of 342.55 in money, Chang, China will enter a new war. She wants to expand her 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

gold pocket watch, a gold pencil era of politics.

trade. But France, on the other outstanding financial achieve-conversion therefore was neither ported by Mr. S. K. Loo, of the not handed in with a view to Russia and Japan at war, since ments of the century and while justifiable nor practicable." That South China, Brickworks. Ltd. shaking Marshal Chang, alone, she considers the Soviet an the final results are not yet avail-] the British scheme is sound fin-

but to test the power of Chiang enemy. able it appears that at least 80ancially is confirmed by the Four cases of Cholera, one case Kai-shek, also. Chiang does not "My opinion is that China should resume her friendship per cent. of the £2,000,000,000 course of Stock Exchange values. of spinal-meningitis and one case like Chang's resignation.

of diphtheria. have been reported in

Chiang To Succeed. with Russia. Nanking, I am war loan has been converted. The National Government was the return of notifiable diseases "It is interesting to guess who sorry to say, has made no move Apart from the tremendous an-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 August 9.

the Executive Yuen, Personally,ment wants a non-aggression I think Chiang Kai-shek will pact before any renewal of rela- which should lead to reduction in financial and economic position. A fine of $10 was imposed by take the post, for no-one of ations are considered. That is the abnormal and crippling taxa- of the country, and of reducing Mr. E. 1. Wynne-Jones in the Cen- party outside the Militarist Cli- ridiculous. We severed relations 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 when a Chinese youth, was charg-the Executive Yuen is simply a make the first move in re- Government can manipulate and It has succeeded beyond expecta-ed with shooting at a pigeon in a puppet of the Militarist. establishing them. complete such a gigantic operation in the first object, and it is tree on Garden Road,

"There have been two big mis- "The resumption of this amic tion is a 'most encouraging sigh now engaged in preparing for

takes made by the Kuomintang," able relationship with Russia is the second. In order to achieve

A charity performance" of Raja Mr. Sun went on. They have a most imperative step for the and one which should

Harishchandra (a play in Hindus been too narrow in their views well-being of China. plish a great deal towards restor- this end it must reduce expendi-tani) is to take place at the Fo 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 8.30 low's outlook, and there has been League of Nations to save our tain but also throughout the Loan is one substantial way in p.m. Proceeds of sale of tickets too much yielding to the militar country. That busy body has world. The reaction has already which expenditure can legitim-fare Centre, Indian Troops.

are to be devoted to the Child Wel-ists' demanda.

other matters to attend to." 4 "There is only one way of China must unite and work out The benefits been most favourable and the ately be reduced.

dealing with the Military Rule her own salvation, Mr. Sun stock market has responded in of the conversion plan, however, New arrivals at the Peninsula and that is to adopt a policy of concluded.

Hotel since the last list was pub- more democratic governinent, a The are not confined to the advanished are Mr. C. Armitage, Mr. government by the people. The scheme was brilliantly conceived, tage that it brings to the Exche-and Mrs. J. E. Falch, Mr. and Mrs. Kuomintang and the people soundly organised and efficiently quer, and should later bring to F. Jones, Miss J. B. Mansfield, Miss should unite to this end. As a carried out, and great credit re-the taxpayer. The raising of C. McMilliam and Mr. and Mrs. L matter of fact, the Kuomintang

A. Thackrey and family.

has largely lost its power, and flects on Mr. Neville Chamber British Government credit has

the Militarists have been quick lain who, although cautious to an already raised substantially the A small fire, caused by an elec- to seize the advantage offered Admits Getting $5,300 extreme, has proved himself one credit level of every British bor-tric wire fusing, broke out on the them. ty

People Must. Govern, w

By False Pretences. of the soundest and ablest of rower both at home and abroad. third floor of 68, Haiphong Road,

The Kowloon, in the early hours of this It has been the argument in Chancellors. One of the most This is seen in the enormous morning. The dames were exting the past that the country must plea of gulty was entered attractive inducements of the rises that have taken place in guished by the Fir Brigade and go through a period of ining by an unemploye Chinese, whơ - serious damage being before it la fit to govern itself. appeared before Mr Wynne- scheme was that there was an Empire securities. The rise in Police, no

But there has been no special Jones in the Central Police entire absence of compulsion of security values has also, enabled

training for those who now gov-Court this morning, charged any kind, and the terms were some "frozen" credits to be Mr. and Mrs. James Ormiston ern, I think. It is certain that with obtaining $5,300 such as to be almost too gener-thawed, and has thus recreated left yesterday aboard the 5s in the beginning there will be Bank of Chiis by false

Menelaus on an extended holiday, some defects in a system of purchasing power. By cheapen They expect to be in the United government whereby the people tor J. Murph

For the ing borrowing the Government's Kingdom for approximately three have the power. But we do not mand, In order tha There is no resemblance be

ace be conversion plan will indeed con- months, and to return to Hong say that we must stop eating plainant might be soug tween this entirely voluntary tribute eventually in no small operation: and conversion

measure to the grad schemes of a compulsory charac- of business.

Conver ter. Schemes of that kind have has a moral aspect been undertaken by distressed of equity conversio countries when there has been delayed longer an absence of capacity to pay Bary. Five! Jowing to a Budget defleit They

J

encouraging

ous.

.fashion.

accom

have been applied without dis

Hinction to ni

mone

kan suffered.

Kong via the Panama Canal, New entirely just because, to use" a Zealand and Australia.

homely term, we have a stomach. acheweke

street coolle, was "We should seize upon the pre- $100 bond for 12 sent opportunity, to instruct and 15 appeared before discuss with the people

Court this affairs of the nation. They are

the Inte

this mor

the

CHINESE CHARGED WITH FRAUD.

Pars

the

Major B. B. Barrett arrived here this morning, from Manila on 8.3. Empresa of Russia