1938-06-11 — Page 5

THE CHINA MAIL, JUNE 11, 1988.

DESTRUCTION OF CHINESE ECONOMIC BASE BELIEVED TO JAPAN'S AIM IN SOUTH

CANTON CUSTOMS REVENUE

Japanese air-raids in Kwangtung also taken by the Japanese, there Province as well as naval attempts will not be another substitute. against various points on the coast of that province have been multi- plied of late. An invasion by land of the Pearl River Valley by the Japanese is commonly expected for

the near future.

well

the

Trade is the backbone of foreign China business, but not only will trade suffer severely from a Japanese invasion of Kwangtung Province. If the present Canton- Hong Kong trade is destroyed, the Chinese Maritime Customs revenue will undoubtedly sink below that level which is indispensable in or- der to secure the service of Chin- ese foreign loans secured upon this

révenue.

The Japanese military is aware, of course, that a wholesale invasion of Kwangtung Province is not likely to bring about a final military decision of the present war in China. Such an invasion would And in the wake of a Japanese not draw military forces away from invasion Kwangtung Province would the other fronts against the

witness all of the economic Ja-

and financial evils which have panese, but would give the large inseparable from the consequences proved

Chinese armies concentrated in of Japanese conquest in North and Kwangtung at last an occasion to Central China currency destruction. fight also, and to divert another Japanese smuggling, Japanese-devis- considerable part of the Japanese ed tariffs, monopolization and ex- fighting forces.

propriation of whole branches of China's economy in spite of huge The true goal of the Japanese in interests of foreigners other than Kwangtung Province appears to be Japanese, and, finally, pseudo- not so much to strike another mili-authorities obeying nothing tary blow but to destroy, or if pos- Japanese orders. sible to occupy, another of the still The Japanese know, of course, important economic outlets, and that a very bloody fight for Canton bases of China. In this respect, and Kwangtung Province awaits huge foreign interests will be them, and that they directly concerned.

CANTON AS TRADE CENTRE

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oust the Chinese troops nor inter- rupt the Canton-Hankow Railway by aerial attacks only. China Their present The bulk of the foreign trade with countries other than upon Canton City obviously are Japan has been moving via

the chiefly destined to terrorize the ports of Kwangtung Province fol- the civilian population of the city lowing the Japanese invasion of the Lower Yangtse Valley. The Hankow-Canton Railway, in many respects, has assumed the role for- merly played by the Yangtse River as the main highway of China's foreign trade.

to such a degree that all peaceful activities in Canton, and trade ac- tivities in particular, will have to be discontinued before a Japanese landing.

BOMBS ON FACTORIES“.

The Japanese claim that Japan- In the first five months of the ese air-bombs are aimed at military current year, more than 50 per cent objectives is not borne out by the obvious facts. In many cases, of the whole of China's imports- Japanese-occupied and Chinese-de-Japanese airplanes have attacked

more

places in Kwangtung Province where fended territories taken together and almost 90 per cent. of the im-there are no Chinese troop concen- ports of that part of China which trations, and no military establish-

ments at all. still remains independent have

In the recent weeks, Japanese passed through Canton and Kow-

bombs have been dropped increas- loon. Via the same ports, than 40 per cent. of China's total ingly on Chinese industrial enter- no military exports, and more than 80 per cent. prises which are of of the exports of the non-subjugated value, according to Chinese reports parts of China, have found their from the South. Thus the two big modern sugar refineries in Hsintsao way to Hong Kong.

and Shihtu in Kwangtung Province. If the Japanese also start whole, have been bombed so efficiently that sale fighting in the Pearl River both factories had to be closed down. Valley, this trade will be stopped Another Japanese air squadron immediately. Europe and America only two days ago, bombed, the large with a single blow will loose the Chinese cotton mill at Honam near bulk of what at present remains of the mouth of the Pearl River, de their China trade; the foreign stroying much machinery, and killing business, community on Shameen and wounding about 50 workers in Laland instantly will become reduce the mill.

ed to the same petty position the And all this seems to be but the white man-now is occupying in beginning. Shanghai, and the business boom in

Hong Kong will be turned abruptly

into utter crisis and ruin.

DUCHESS OF WATHOLL

The repetition in Canton of what happened in Shanghai would result in: even more ruinous: colischjuencés

Londen, “June, 2, to the foreign China interests. When The Executive of the Aberdeen, the Japanese strangled: Shanghai, to West Perth and Kinross Conserva- a large degree the Canton-Hong tive Association has decided not to Kong combination could temporarily renominate the present member, the be substituted for Shanghai as the Duchess of Atholl, owing to her dif- new centre of non-Japanese foreign, ferences with the Government for- China business, But If Canton tueign policy Renter.

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