1948-06-28 — Page 1

;

7

For Socials and Partios FRANCIS WU'S

"SPEED-FLASH NEWS PHOTOS

in

the only lasting souvenir of any event.

FRANCIS WU'S STUDIO

Gloucester Arcade

CHINA MAIL

No. 34009.

ESTABLISHED FOR OVER ONE HUNDRED YEARS

HONG KONG, MONDAY, JUNE 28, 1948,

EFFORT TO HALT INFLATION

Shanghai Economic Police Raid Blackmarketeers, Hoarders

'FRIGHTENING' DEPRECIATION

Shanghai, June 27.

This inflation-ridden city's 48-hour wild buying abated today as the economic police carried out widespread raids on suspected /foreign currency blackmarketeers and commodity hoarders in a

belated effort to check the runaway prices. Mayor K. C. Wu said it was "frightening" the way the inflated Chinese currency lost 50 per cent of its purchasing power in two days. The Mayor met with top military police and bank officials, and announced emergency measures to wood out speculators who, he said, will got no mercy.

The mensures gave the per month to 32 per cent,

The police, searching commodity guilds three days

houses

ware.

for signa of hoarding.

Plea For Foreign Interests

A

Nanking, June 27. well-known Shanghai

to report the names of all were keeping the closest watch purchasers since June 15. on commodity markets. They demanded exhaustive | With the Government's on lawyer, Kiang Yi-ping, today data on Shanghai's existing nouncement that it has recaptur- made a strong plea before

Jet Kaifeng and with stocks and on all transactions mangering

rumour the Legislative Yuan Com- dying down, it is in goods and securities. hoped that the latest or Chinn's mittee for the exemption of

For the first time in four days, periodical inflationary runaway foreign owned property from featured by the most spectacular spuris may be ending-United the proposed property tax.

sporadiing of pricės Ishangning tuas, Press and feuter,

yet known, shopings remained

unchanged until closing time.

During that period, retal Four Measures

in

many instances performed

mathematical wanders in trying

American

Kiang, who is among opponents of legislator Liu Pu-lung's pro- perty tax bill, charged that the

Collection of property proposed tax is one of the main causes of

to catch up with the economloeil yesterday evening, Mayor cause many rich men are divert- nimbleness of the dollar which_Lose a few hun. K. C. Wu said the Municipal ing their investments-to-gold and dred thousand dollare every authorities decided; (1) That foreign currency.

Reporting to the City Coun-the current price fuetuation be-

few hour.

过 expected

to

complete

all trade guilds dealing in The Legislative Yuan Caminit- .. were every-day necessities, such as tee Sunday leisure shoppers today assessing the full impact of rice, cotton, cercals, edible oils the chaotle situation.

A pair of and sugar, will be required to

Chinese-made влося, which 10 submit a report giving full de-

examination of Liu Pu-tung's

soak the rich" bill today. The

Bday.

the Legislative Yuan to take up bill probably will be presented to days ngu cost only about $7. millails about their stocks and for the second reading on Tues- lion, are now priced at $50 mil transactions since June 15, so linn: packet of cigarettes-say Lucky Strike now cost $800,000, as to determine whether there Klang told the committee that while British rigorettes-preferred had been any hoarding.

laxing foreign property.is a viola- Bong the Chinese well-to-do-say

(2) Goods stored in godowns tion of the late Dr. Sun Yat-sen's Craven & or State Express-cost and warehouses will be checked principles of encouraging foreign well over a million dollars. to and out whether there are any investment in Chine's reconstruc-

"ommodities stored by private} tion." Hindividuais or excessive hoarding t

200 Per Cent Up by dealers,

ground cl

Against the compelling back-

the

while- Average ellar, swiary of $70 million (for) May the dizzy proportion of the inflation is new almost too easily aponent.

(3) The City

Ente, for tratance, American-owned Standard

will follow either of

Company Government,

the business Department of the two courses when called upon to

Central Dank,

the Polien Bureau and the Central Trust will jointly investigate the bill and notes clearing house to see If there have been any specula. Many shops

tive activities. continuing their policy of restricting sales sines replacement is said to eating up profits.

ar

pay property tax

PICTURE OF THE DAY

Price: 20 Cents.

JUST ARRIVED FROM U.S.A.

CASH BOX

WITH

COMBINATION LOCK

NOW ON DISPLAY AT:-

HỒNG KÔNG TYFEWRTIR EXCHANGE

9, D'Agullar 8.

Tel. 21433

NEW FOREIGN TRADE Survivors PLANS DRAFTED European

struck

THE DANISH passenger vandl "Kloebenhavn" mine at Kattegat witlis most of her 400 passengers were sleeping and kak within ten minutos. while on ber way from Copenhagon to Aalborg on June 11. In the picture # mother and her child who survived Ipaves the rescue ship as another survivor weeps on the gangplank rall.-AP Photo.

Passports For Colony?

Shanghai, June 27. The China Press reported today that informed sources.

baltëve "that"CRIAN may try

to curb funds Night to Hong Kang by requiring passports for Chinese travelling to the British Colony.

such

The рарог sald measure which Mayor K.C. Wu .recently ralaed possibility would be design.

ed to curb Shanghai's price increases.—United Press.

Chinese Company Robbed

Five men walked into the premises of the Tin Pui import

It will either refuse to pay and request Washington to take up the Chinese Government, or pay the matter diplomatically with the tax and cease supplying gasoline th Chifce markets because the and inx would he crippling to the Connaught cotton will be distributed 10 Company-United Press, On the whole, the prices devanicus cotton mills to use the manded today in many linas present shortage.

bo

(4) Fifty

thousand. bales of

were more than 200 per cent Mayor Wu reported that the

Municipal above thoas quoted a fortnight

authorities had begun from yesterday to dump In the meantime, transactions pleuls of rice Into the

10.

6,000 market

in the foodstuffs markets, includ-dinily to meet the needs of the- ing rice, flour, cereal and edible ca residents and each person

local

posressing a ration coupon

will

oil, has been suspended by order be entitled to purchase one shun of the Municipal authorities pend(1-100th of a nicul)-at-the spe- ing further instructions.

Local bankers today estimated cial price of CNS100,000-Reuter. conservatively that the purchas.

ing power of the Chinese cur- rency has been whittled down by

50 to 00 per cent as a result of

the unprecedented price spurts of the past two days.

Smuggling

Profitable

Chiang In Chengchow

Shanghal, June 27.

The Generalissimo

In Nanking, the Control Yuan threw out

a resolution for the despatch of a afx-man commi sion to investigate, the economic situation in Shanghai and, instead, asked the Executive Yuan to give Chengchow after concluding his an Immediate reply to its earlier northwest military conference. He questionnaire Inquiring of the believed to have "Barked "INE stops the Government intended to, counter-offenalvo take to control the price alun- which he almost lost.

tion.

on

Malaya Terrorists Killed

CHINA TO ADOPT MILD PROTECTIVE · POLICY:

Nanking, June 27,

The Chinese Government has drafted a now sot

Drowned

́· A Mr. MacDonald was r

ported to have bean drowned in the vicinity of Grin Island at about 5.80 p.m. you- terday, when he fell over- hoard from yacht.

Up to a late Four that night, further detalls of the tragedy could be obtained.

na

of foreign trade plans designed to encourage WORST

exporta and, at the samo time, secure the

necessary imports without hindering theFLOOD FOR

development of domestic industries, it was learned today.

Under the new plans, full advantage will be taken of the reduced tariffs in force in various countries in accordance with the international customs agreement and appropriate measures will be taken for the control of foreign ex- change to boost Chinese exports.

50 YEARS

Arrivals from Swatow over the week-end told the "China Mail" yesterday that the flood in the Swatow area recently was the worst in the last 50 years. More than 1,500 acres of farmland were inundated for 10 days.

As regard imports, a mild fother countries, besides securing protective policy will be adopt-a closer contact with those that ed and a revision will be made nave already been assigned. In the customa tariffs, based The following is a general out Homeless farmers and their Lon the needs of economic de-line f the provisions in the new familles were, elimated between

foreign trade plans:

$200,000 and 300,000. This in- velopment.

1-Agreements will be sought cludes the surrounding districts Encouragement will be given to with various countries with a near the banks of the Han River, imports of machine parts, indus view to extending the scope of Private messages from Foochow trini equipment and the neces- the barter trade. Individual yesterday said that of the pro. sary materials which are un-traders will be

encouraged to vince's 68 counties, 50 were oblainable locally.

contract trade transactions on the affected by the overflow of the in furthering the development basis of the agreements signed. Min. Kiulungand Ting rivera of its foreign trade, the Chinese Government also expects de- 2.- The Government will ex-An estimated 10,000 people have legate additional commercial attend full assistance to exporters been rendered homeless. taches to Great Britain, Canada, and importers in matters concern- Australla, the United States and ng financial

COMMUNISTS POURING THROUGH GREAT WALL

tion

During the last few days, Foo- and- production, transports-chow, has put on the appearance of a large-scale laundry district. 3-Large quantities of pro-W With the sun, shining brilliantly ducts of different categories will in cloudless skies,

be

technique.

householders

earmarked for export, to be hung out their washing, together handled directly by Government-with flood-soaked clothes, sodden operated trading agencies.

furniture and a variety of house-

4-Improvement will be made hold articles.

and the

took up

in quality standarda

In addition, shops packing of export cargoes to vacant plots in and outside the make Chinese products generally city to dry goods which had been acceptable in, foreign markets. — Reuter-AAP,

"ANDRE LEBON"

Nanking, June 27, The Manchurian Communists, moving into Chino Proper, today cut the vital Peiping-Mukden railway inside the Great Wall and smashed into a major station, Changli. Reports reaching Nanking The Incursion today said that Communist churlan Communists was believed Lebon" arrived from Shanghai Manchurian commander Lin to have increased the danger of Pino's two armies, which the government position in the there 15 days following the

breached the-Great Wall, car-

ried their offensive to within

30 miles of Tientsin............ -- Three railway bridges be tween Tientsin and Tangshan, cool mining centre, were dynamited. All rail traffic north from Tientsin was halted.

The

Ainging Communists, frontal attacks against governi~. ment positions along the Nation- list rail line with Manchuria, south-east of the supply port of stormed into Changil, 20 miles

the Man

Manchurian salient ruining from

kwan to Mukden.

It was also feared that it would likely prove of great importance to the course of fighting in China Proper.-United Press.

ARRIVES, SAILS

The French liner Andre

under water for several days.

Deakin's Promise

yesterday after being detained- To Strikers

Fin

London, Juno 27. the Great Wall Pass of Shanhai-alleged discovery of a quan-

tity of opium or board.

Arthur Deakin, General The 18,000-ton- vessel sajled-for Secretary of the Transport Marseilles vin Saigon last night and General Workers Union.

340 pussen-today- with approximately

promised strikera in gers.

London's dock, strike that he. Her chief engineer and assis would immediately open dis- tant engineer are still detained by cussion with the Dock Labour

in Shanghat Chinese authorities

connection with the alleged, Board on possible revision of the....disciplinary........clauses of contraband.

During the ship's detention the their working agreement if crew were not allowed to land they go back to work to- but the 177 passengers on board | morrow. were permitted ashore.

Urging workers to go back to.. Passengers who arrived here work, he said: "I say that the yesterday spoke of the "disgust-time has come to call it a day, ing conditions" in Shanghai.

to get back to your jobs tomorrow "The place is so dirty and moming and to allow us to things are so expensive," they handle this problem in the best declared, "Hong Kong is definite-way we possibly can."

far cleaner and better."

Butchers Complain

export company at 80 Road Central yes-

said the last radio mes terday morning and held up

sage from the Changli commander the occupants at pistol point.

London, June 26. at 10 was received in Tientsin While three of the robbers a.m. yesterday morning, asking British butchers complained menaced the owners and staff for reinforcements. Since that tonight that the London dock with revolvers, the others ran-message the Chinese Nationalist strike has chopped individually sacked drawers and cash boxes, headquarters lost radio contact escaping with HICS3,000 and sav

with the garrison.

meat rations to a size which ral hundred United States dol-

Government troops driving they may not be able to rut. Jars in cash.

north from Luanping.. 25 miles west of Changli, recaptured two small stations Chukechuang and Shihmen.

Under Inspector Cashman, the police last night were in pursuit _of_the_criminats.......

Berlin A Parallel Of Munich Crisis

.

Meanwhile unconfirmed rom ports sald approximately 15,000 San Francisco, June 20. members of the Three armed sor- The Army Transport, Sergeant vices are standing by for dock Morris E, Crain, will arrive next duty.

The National Federation of

Monday with "the remains of The Sunday Graphie estimated- Meat Traders issued worry 1,841 Americans who died in the that "the two-week wildcat fraught statement as several re second world war in the Philip strike

cost up to £1,000,000 "frigerator=shipa loaded with, beef

from

the Argentine and meated Press.

pines and New Guinea,Associate worth of export goods to be held.

up-United Fresc. from other lands remained un- loaded at the city wharves.

The Federation said It had been informed that next' week's meat ration will consist of "any- thing up to sixpence worth of carcass ment" and the balance in corned beef up to a total of 1/-.

10

"The Federalion wishes point out that the Ministry's' de- cision will place a heavy burden on butchers' shoulders in having to cul such a minute fresh meat ration, but the best will be done in the national interest," the statement said.-United Press,

The Weather

Bhallow depremalone contred over BW

Singapore June_27... ~~~British -police-and-Gurkhas today killed two terrorists ahd arrested two others when they surprised a gang of terrorists inside a house at Bamfu, 16 miles east of Johore Bahru.

A Afth terrorist escaped into the jungle, leaving a trall of blood behind him. Police and President Chiang Kai-shekmilitary had been searching the arrived in Chengchow yester-In Malaya against

arca as part of the general "drive

Luton, June 26, the wave st clay by air and continued murders officially ascribed to Winston Churchill said today that the Berlin crisis directing Nationalist mopping-leftwing extremists."

raises issues as grave as those at stake at The gangsters, up operations centering on

takon by sur Kaifeng, provincial capital ofprise, slammed the door and Munich 10 years ago, and that avon

a firm Honan, 40 miles west.

opened fire.

course may not prevent war. Terrorists killed nine people in

"It is our heart's desire that as those we know were stake arrived in 24 hours yesterday-one of the,

bloodiest days yet in the wave of peace may be preserved, but in Munich 10 years ago.

"I cannot guarantee that even vinlence sweeping the Federation. we should by now have learn-

Fenung'a Police chief, Mr, W.C. ed that, there is no saftey ine arm and resolute curse wil Kalteng Haines, received a letter threaten-yielding to dictators, whether ward of the dangers which now

ng him with death and calling Naz!

threaten us. But I am sure that or Communist,' Mr. for a trial of strength with the Churchill declared.

such a cours is not merely the best, but the only chance of pre- According to pro-Government police and military-Reuter, Legitimate exporters complain-reports, the main Nationalist force ed that less scrupulous competi- entered Kaifeng at 4 pm. yester-

At & Conservative Party rally, venting a third war in which the China and the Yellow 666 are separatel the former Prime Minister most fearful agencies of destruc- * * work ridge of high pressure sover- tors were taking advantage of the day and helped the vanguards to ballooning

pledged Conservative support to tion yet known by men will be in China. Pressure is relatively high black market

the Labour Government if it acts used to the fullest extent."A3- change quotations

ex clean up Communist remnants

with resolution to "stay in Ber-sociated Press. the US. Three hundreds Rods were claim- dollar to amuggle goods out of the ed to have been captured.

lin." country.

Tho As the differanca-

He said: Communists

"Last

оп month,

May 14, portedly still fighting rearguard legal and illegal rates is wider action outside Kalteng to cover

Foreign Secretary Ernest Bevitr than ever, even costly round the flight of supplies-laden trucks

aald in Parliament, 'We are In about smuggling became profit and carts.

Budapest, June 20. Berlin as of right. It is our in- able, they said,

Well informed circles said they tention to stay there.' 'It is cer- Force is bombing and strafing the balleve excommunication is n tain he would not have said that vehicles.

minent for Catholle members of without having made sure that

· ́A 11-year-old Chinese girl, Slu A Peiping. Chinese dispatch, Parliament who voted for nation the United States quoting a Chinese

wete equally Ah-mul-reported to have been Communist allantion of Hungary's schools.

kidnapped om Hong Kong and sald the Red offensive in

resolved. official Catholic, Presa

sold to a family in Canton, ro- Honan

Best Courso is designed 1. Agency Magyar Courier published

turned to tie Colony by the 7.20 to open the gates for Manchurian a statement by Hungarian Cathe- "On the other hand, there isp.m train on Saturday. Communist troopa to enter the ile bishops quoting a passage of

no doubt that the Communist According to the giri, she topel area, allowing the Red the Canon LaW -saying ... the government of Russia has made managed to escape and persuaded Ret Humidity forces at present stationed there Church can excommunicate those "up" its; mind to drive ue and the Railway Authorities in Canton Dew Point to reinforce the Communist action who have "passed, a' law against France and all the other Allies to give her a free trip back to the Wind Dirwetion... BE in the northern parts of Central the liberty of this Church

Wind Forse out, and turn the Russian zons Colony. China; 2. to paralyze communicathwarted the Church in exercis tions between Peiping and the ing her rights, including the Inner Mongolian provinces of eight of maintaining, schools": Jehol and Sulyuan-United Press. Associated Press,

on

batwarn

However, the "black" interest

rates dropped from 35 per cent

On Other Pages

Page, Two

Page Piva

Light Orchestra Entertains

China Flood Damago,

Page Beven

Pianas To Beat Bertin

- Blockade.

Page Twelve..

Test Progress.

prisoner, eastern

were

The Nationalist Air

Chastisement For Catholic MPs

The

KIDNAPPED GIRL.ESCAPES

|

uver the Facího & of Japan with a ridge extending to the Philippines and linking with an area of relatively blah pronesis (over and to the 8 at Borneo.

Today's Porecsats-Light, or, moderate winda. Qecanlanst, showers chiefly dur tog night and morning, Fair periods,

Yesterday's Weathert Maximums "83,0_der, -Juh, (Mistmuni: 20.) deg. Fab,

Bunshines 1.4 hours."

Rainfall: 161 - mom,84 - In.. Tuta), sinos Jan. 1-18.2 mm.04.18 1. 20 meninot an average of 918.1 1023.77 24.1 In.

*-* Ilenčina K 10 .. 4 p.m. Bank_1_11_1000.0 1004.8 m.b.

'Equais 21.71 28.46 inches.

01.

or

in, Germany Into, one of the On arrival at Kowloon, she was 11gh satollite states under the role of | handed over to Chinese Police- ¿totalitarian terrorism.vlt

man C524 by d Chinese railway | Li

"Russia raises issues as grave 'official..

**

$0 dex. Y. Osim

◊ knots.

Time

9445

2018:

-1.4

0700- 4.8

NOTICE

The Proprietor of

THE

VANCO & JITSING: COMPANIES

(33 & 33A Queen's Ed. C.) :

takes pleasure in announcing that on and

after June 30, these two popular stores will combine and trade under the name of

VANSEN COMPANY,

萬成公司

with the object of creating one large store, thus providing better display facilities, comfort and efficiency. This merging of two stores into one 'will also allow the in- troduction of several new departments, de- talls of which will be announced in due

course,

THE STORES WILL BE CLOSED FOR STRUCTURAL ALTERATIONS,

́ON JUNE 27, 28 & 29. Watch for Further Announcem