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THE GREATEST »
CATCHING MEDIUM.
THE HONGKONG DAILY PRESS. THURSDAY, JULY 1st, 1920.
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OUR CHANCE IN CHINA:
THE GREAT AWAKENING.
Is A connusPONDENT OF THE DAILY TELEGRAPH."]
under-transit passes of goods in bulk to Chinese agents far away in the interior of: the_countrywhere they are handled_and_ whence they are distributed. Here again there comes into existence, the quex-
With
As many distinguished British resid- tion--the interminable question—of liking ents in China are now in this country, in
inland dues. Both foreign and Chinese opinion is eppowd to these dues, cluding Sir John Jordan, our lato Minister bey are costly to en lect, they are a as Peking. and Dry Christie of Mukden, tertile source of trumble, and they are 15- the opportunity may be utilised to set doubtedly hampering to free commercial intercourse. It would be perfectly casy forth, on authority, exactly what is the for the existing International Customs fo present state of trade, and what are the collect the dues at the port of arrival of openings for traile, in the Far East. Every the goods and add them on to the Customs charges. The great difficulty in the way distinguished and experienced British is the fact that they form a considerable. resident in China who returns to this part of provincial revenue," and the country laments the apathy of the British provinces are not likely and with a people with respect to events and commer- good deal of reason to agree to their cial possibilities in the Far East. Without complete abandonment unless they hare exception, they contend that, unless there some guarantee of compensation: is a very pronounced awakening on the the acceptance of this principle of poet subject, this country will lose exceptional collection would come the task of making the allocations to the different provinces, advantages which may never recur.
The Great War both benefited and pre- and no one is provided at present with judiced national Chinese development. It any sort of working scheme. Perhaps brought al internal commercial expansion nonu will be forthcoming until the Central very largely to a standstill, bug, on the Government is able to re-establish it au- other band, it created openings for trade thority and evolve some basis ensuring a of an unexampled nature. It is true that, percentage return of these dues which the railway construction came to a dead stop. various provinces will accept. Still, the with the rule that China even now has Central Chinese Government stands by the only about 7,000 miles of railway in a Mackay Treaty and is ready, should vast continent, though this form of enter. occasion offer, to give effect to it. prise is őrmly established in popularity! The problem of currency is also being and one of the must remunerative which lakon in hand Within the last two ar exists. On the other hand. British ship-three your purely. British Chambers of ping, while experiencing drawwbacks in Commerce have come into existence in all They are regard to the ecmandeering of vesel. the chief cities in China,
well-informed. businesslike, has absolutely maintained its hold on alt, powerlui, Chinese coastal and river-borse trade, nergetic bodies, and the British Diplo Although on the Yangte there is a work-matic Corps is known to holla-sury-high ing agreement between the Japanese and opinion indeed of them. Their meeting Butterfeld and Swire's British enterprise last autumn at Shanghai was a striking is practically unfettend, and there is tribute to their ciency, and the prin really no chance now of its being disciples they adopted in resolutions have lodged. The Chinese also during the war been accepted both by the British autho grew toppreinte both the value of the rities and. by the Chinese Government. export of raw materials and the great One of them dealt with the burrency ques possibilities which exist in the working of tion, and as a result the Chinese Govern
its wont. their unlimited mineral resources. Per. Meng is now moving, slowly as haps, as a result of this impetus, the 4 the establishment of a standardised Chinese are definitely evolved their com- silver dollar, whose value, it is true, will mercial policy for the future. The age of be affected by the rate of exchange, but concessions is gone to Join the now aban which will at any rate supersede the hope present exists, doned spheres of influence, and in its place les coufasion, which at the new movement which has come to the Everybody agrees as to the volume o front works for the point co-operation of silver-which has been poured into Chian Chinese and foreign capital. This co and is largely being hoarded by the people, operation is almost universally siccessful, siner it must be confeed that the lack -and-two-norm.xtriking-proufs of it could of confidence in all forms of authority is hardly be obtained than are now provided productive of treasure being buried alt by the Sino-British interworking in ept over the country instead of being placed nection with the Kaiping colleries and in in the banks. Perhaps this explains why "all"appeals to the Chinew_on_hehalf of the operations of the Peking Syndicate. ¡ The tendency is, too, very noticeable in essentially popular internal loans have not hitherto met with any response, but there the sphere of banking. Nearly every country has already established in con- are those who think that this attitude of.
In any case junction with Chinese enterprise different mistrust will pass away. banking ventures; we alone have not done attempts are still being made to appeal so up to the present, though, on the other to the Chinese investor. hand, we possess, which the other do no powerful and inuential banks of purely
British origin.
are never
Lindoubtedly China is prosperons. The people are better paid, better fed, and better housed. There is a greater pur: chasing power, and there is a noticeable ———— BALLWA LILAND ROMELON CAPITALJNJI, It will be this co-operation which will amount of contentment. Unler-these cir. be looked for in all future railway develop. cumstances, it may be asked what is the ments. Years ago the terms conceded in explanation of what one may call persist- respect of the construction of the Tientsia at Goernmental unrest. It is practically Pukow Railway, both by ourselves and by due solely to militarism, which consumes the Germans, who were interested in part ferently-trained armies of retainers for vast sums of money to maintaia" indif- of the line. were thought to be weak the glory and pport of provincial. but the enterprise has been a great miccess, and there is no criticism now of the policy governors. There is more than a suspicion thes introdnord. The line of the future that this money is largely contributed from Japanese sources, since - Jupan does “not likely to bo. on any"
wish to see a united or powerful Chiun, better terms, pur is there any special ruson why they should be. The new rail which might menace the fulfilment of her own territorial auditions, Nu doubi, "too, ways will never be held as a guarantee
there is a certain rivalry of aim between by the foreign investor; he will have, to bake the credit of the Chinese Government the peoples of the North and South. in in place of it. and no one in the Far East such a big continent, but while these dif
ferences do exist, and do affect trale to expects that he will ever have reasoa to regret it. Meantime. China is waiting me extent, they have not been able to
prevent the anxiously for the foreigners who hold rail development which is recorded on all most striking commercial way concejons to develop their In one hands. Trade and commerce go on just" or two provinces, such is. Tai-yuen-fu, the same as ever, and though no one would local raiway development is prejudiced by be so foolish as to contend that they might the existence of these foreign concessions, which are not worked and yet hampers be much better than they are, with Chinese enterprise, since it might be coa British resident bears tribute to the fact zaiversal peace and tranquility, every tonded that this was competitive.
that over in this country We China is, however, so large that there an utterly wrong impression of what is is ample room for unlimited railway ex really happening in China." tearion, provided the necessary money is obtainable, though' this is not immediately forthcoming owing to various reasons, One of which is the difficulty experienced by guidance in the matter. The customs the Consortium in arranging, financial which are managed as efficiently as ever advances. Much of this difficulty, it is yield ever increasing surpluses, Tho salt believed, is due to the fact that Japanese tax, which also owes its inception to conditions with respect to Manchuria bare British management, and its success to to be taken into consideration. Perhaps British administraton, is now one of the the extension which is most urgently need main supports of the Peking adminis ed is the completion of the 200 untouched ration. It is true it has one drawback miles of the line between Canton and has somewhat rained the price to the Hankow. This passes through very dif people though this is principally due to ficult country and will cost a considerable the action of the provincial authorities, amount, which most foreign residents think is by this means to make revence. that the United States should provide, in since they have been somewhat penalised view of their long connection with the by the centralised administration of the undertaking. It is indeed vital to the tax. In the third place, the Chinese are tranquility of the country that the through quietly but efficiently taking in hand the line from Peking to Canton should be question of River Conservancy, primarily finished. There are many who think that in the province of Chihli, again under an had it been in existence during the war perience, Sums are being allocated to the Anglo-Indian administrator of high er- we never should have had the present work, which has a one of its chiof-cup-- trouble between North and South, sinon
form
SIONS OF PROGRESS. Take, for instance, the best sources of
case and rapidity of communication would porters an ex-Chinese Minister of keenness have brought two very closely together.likelihood that the ultimate results will be and great intelligence, and there is every Generally speaking, the British have accepted the Chiness point of flow with not only of value to the province, bat will regard to future railway construction, but be the means of extending the work to there are abstentions among the Powers other parts of China. This conservancy The Japanese certainly have other views, work is, of course, quite distinct from ipes while the French apparently still cling to carried on at the ports of Chefoo and ambitious but equally useful work being the strategic value of their line to Yun Nowchwang. End on the Yangtze The nanfu, though in time, perhaps, they may postal service in China,, which French come to realise that it is in the interest supervision has made a magnificent roges of all Western nations to recognise the cop is now paying its way, and even making tention of the Chinese Government that the Chinese lines should be Chinese It a profit in curious distinction to our own, where' wo cannot make both ends méon. may be added that with the completion Ita operations extend all over the country, of the Hankow-Canton Railway the Kow-and are exceedingly efficient. loon Railway which we built should be however, be mentioned that the Chinese It might, very materially benefited.
Government is approaching wireless tele graphy with rather "mixed feelings, since The vast trade boom in China is only it does not regard with any satisfaction but slightly appreciated in this country- the tendency of certain Powers, noticeably The Treaty Ports are always likely to Japan, to erect their own wireless stations retain the commanding influence, but on Chinese territory new tendency in decentralisation is begin ning to be noticed, namely, the despatch
TWO KOONOMIC PROBLEMS,
(Continued on page 3.)
THORNYCROFT
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IMPORTANT NOTICE.
Manufactures the most Important Point is Improvement, and in Distitics Cleanliness Scienco always insists on these Marims. Groundnut or Peanut Oil can be used as a substitute for Olive Oil, Butter or Lard, but when Blightly Dirty is injurious to health.
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Our Machinery during the Process Fillers the Oil while our Factory is Free from Dust Our Oil is Clear, Sweet and Fragrant; and Compares most favourably with ather Oils used. for Celinary purposes: there is no realus. —--
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The Sole Proprietor
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Fastory >-No 28, Kuei Lán Street, BAMSHUIPO.
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