1920-12-21 — Page 2

HORNYCROF

JOHN ISTHORNTOROFT & CO., LIMITED.

SHIPBUILDERS AND ENGINEERS,

LONDON, SOUTHAMPTOM AND BASINGSTOKE

Shanghai

Office: 65, Szechuen Road

THE BONGKONG DAILY PRE68, TUESDAY, DECEMBER Xlsr, 1990,

15 B.H.P. 30 B.H,P. 50 B.H.P. Engines

in Stock

Fer quotation app y-

RR. ROXBURGH,

XMAS

1920

Manager for Obina, HONGKONG HOTEL,

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MACKINTOSH

* 00, LTD.

MEN'S WEAR SPECIALISTS.

16. DES VEUX ROAD.

Xmas!

TELEPHONE 29.

Xmas!

FINDOUG

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AMBER

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[90

Hotels in Japan & Manchuria

ikofa

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L

Average Rates for Single Rooms (without Bath) including meals.

Y10-12 in cities and some popular resorts.

Chasenji (Nikko)

Takenda Hotel Kamakura -

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Mikasa Hotel Kobe

Oriental Hotel For Hotel

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Chosen Hotel

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IN JAPAN PROPER

Kyoto Hotel Miyako Hotel Matroshima poin' Park Hotely Miyajima,

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SECRETARY JOT: THE JASSOCIATION, w/o Traile

ays, Tokyod“

Glazezent

Ꮫ .

COAL MINING ENTERPRISE IN KWANGTUNG,

AN ANGLO-CHINESE SYNDICATE'S

CONCESSIONS.

The Far Eastern Review, a Stranghai, in its issue for December, 1920, publishes the following report from its Peking for

respondent, aisking an alleged agreement between a British syndicate and the Can- toa Government then under ft Yung hsten and Cheung Kantong. The Gaaton

dent of the Rerier seems to know more

"RICHES OF INDO-CHINA. GOVERNOR-GENERALS INSPIRING

REPORT

Paris. Dec. 13.

The Governor-General of Indo-China, al Maurice Leng, arrived at Marseilles today after an excellent voyage on the M. M. Parthos

In the course of an interview, M. said that his intention was to subunit to the Long Covernment a complete economic and

Hnancial:

TRADE DEPRESSION IN KOBEJ LOSSES OF PROMINENT FIRMS.

A LIQUIDATOR'S FEE, DESCRIBED AS INIQUITOUS.

general meeting of members of the Shanghai Cotton Manufacturing Company was held at Shanghai, for the purposes.

The Kobe Shimbun describes some of the Principal Kobe firms as suffering very badly from the economie depression. The Kobe Branch of Messrs. Ito Chu, says the Boeki Kaisha wide a capital of 1,000,000 receiving an account showing the man- journal. has reorganised itself as the Daido"

decided on absorption in the Head Offies conducted and the property of the Com

The Kubara Shoji Kaisha, of Kobe, has er in which the winding up has been of Osaka. Tunes remarks to the Peking correspo Asiatent scheme for the great nected for many years with the Iwai Sho- extraordinary resolution the manner of Messrs. H. Yamamoto, company disposed of, and of determining by ten, seem to have been badly hit by the disposition of the books, accounts and. of what is in the minds of Dr. Sun Yat The expenditure involved would amount slams and at present their business is documents of the company and of the sen. Dr. Wu Ting-zang, and Mr. Ta8,000,000,000 at the presont exchangeributed Mogi Shoten Ito Cho, Mesra Nagase presided. Supported by Messrs, Jahn

about 250,000,000 piastres (or about Fr

inactive. Shao-yi than these tenders themselves.

Among many others, reports Liquidators our contemporary, the Kobe Branch of the The full repost forsk

of the pisst and would

Mr. E. S. Wilkinson, the Liquidator; Peking, Notuber 18-(Special cortes

over a period of 10 years. This outlay could the Chugai Boyek, Kinoshita Shoji, thứ pendeat Certam negotiations which may be covered in

part Indo-Chinese and the balance by Robe Branch of the Masudaya Shoten, cal control of Kwangung, the richest pro

by the Home Country, Mary K. Abo, the Kodera Yukon and vince in Chius, were disclosed when China pronomie uitution of Lilu Messrs. Saibakawa and. Iwai & Co., are use government othcials at Peking received

is strong enough to enable her to mentioned as having incurred losses of copies of an agreement signed by officials dertake a financial operation of this magni- anything up to a million yen ench, and of the forme South China government, sude, M. Long declaroc. The total amount are curtailing business accordingly. says, the Japan Tiates. Though British

of her commerce grew from. Fr. 200,000,000 in officials in Canton and Peking are said

1911, to Frs. 1,800,000,000 in 1919, and

1,200,000,000 during the to have shown friendly activity, there is reached Fr

give British interests economic and politi: vend loans the resources, of the Naiga Boyeki, the Asano Bussan, the Prentice, R. J. N: Dyer, H. Morriss, and.

R. N. Macleod, and the attendance repre sented 31,21 shares of the old company.

The following episode, occurred at the meeting.

Mr. H. Robertson-I should like to know why, and by whom, a liquidator's- fee of Tls, 20,000 was authorized,

nothing in the agreement to indieste that first six months of the current year. The GUNBOATS AT NIKOLAEVSK. | in view of the circumstances of the case.

their government was back of the negotia- tions. There is a Fertile held of surmise whether the agreement if carved out, js a step towards a further partition of China and how it will affect the interests of other powers in that country or its relation to the Anglo-Japanese Alliance or to the new Consortium.

One Canton official who was not a party to the agreement says that another official received $100,000 in Hongkong currency, as a first payment before he affixed bis The Kraigtung revolution signstare. then called a halt in the proceedings.

However, it is understood that Wa Ting- fang, Sun Yat-sen and Tang Shao-y, mementarily on the crest of the South China political whirlgig. are in an equally receptive inged math for the protacial and

mood thoir predecessors military governments

500,000,000. ordinary budgetary revenue exceeds Fes

CHINESE REBUT CHARGES.

The Chairman-My reply to that is that the fee has been very carefully considered. and this amount was agreed i .Mr. Robertson-By whom?

Confidence in the credit of Indo-China

The Chairman-By the directors. But that in all the countries of the Far East,

A Peking telegram to the dahi says commands a.

Governor-General continued. Her piastre the the negotia dong between the Japan: This fee has been settled by myself as that agreement was not at all necessary. prendum at Hongkong and at.ee and Chinese Gujarats on the quer liquidator. It is only a question of pass- Singapore. Other aspects of the situation are also most satisfactory,

political

tion of the bombardment of the Japanese Alone among

garrison by a Chinese all the

ating the account in which this fee stands, gunboat Bt Far East" waid S. Long. "Indo-Chins has the non-acceptance by the Chinese Gotern to the shareholders.

countries of the Nikolaevak are at deadlock, owing to and that I think I should prefer to leave escaped the agitations which are at present ment of one of the Japanese demands re occurring among the yellow races in China, ferring to China's formal apology for the if I tell you that it is absolutely ultra vires Mr. Robertson-Will you be surprised Malayads and indi There lies proof of

dent. inc the deep attachunent of the native Indoplicated, the Chinese Government has re- sell or by the directors?

To make the issue more cont that the fee, should be senled by your- Chinese to France

You have a cently notified the Japanese authorities of legal gentleman seated near you and he The export of rice from Cochin-China its disagreement with the decision which will quote you, the section of the 1911 alone reaches about 12,000,000 quintals that was reached on joint consideration of all. Act. I maintain that it is a ridiculous is to say, in larger figure than the cereal facts relating to the affair by the Japanese fee. exports of Algeru, Tunis and Morocco com-and Chinese commissioners and brought permanent staff of the company.

It is an injustice, an insult, to the sufficient for all industrial needs, and as consequence of this intimatiori, the message work has been practically nil. They have

The coal output at Tonking is forward & proposal for its revision. In sures Saigon and Haiphong of a supply for to the Athisays, it has been decided that built up this business, jointly with myself

these circumstances, the negotiations on appointed by the two Governments. In the que tion, instead of making day pro- gress, are to be re-started.

The

20,000 for half an hour's work. Two.

year of the Chinese republic, "23rd day, j përts The great iron and sing resources of the whole question by the commissioners after some years' work, and you get Tis. agreement which is dated ninth the coaling of all vessels which call at these further consideration should be given to and others get a paltry sum of Tis. 17,000. 4th moon (April 23rd, 1990), is signed the country are yes" to bo

It will be necessary to develop the by Mu Yung hin, military governor, and

developed. Cheung Kan-fong civil governor, with productive capacity of the Saigon dock-yards their private chops and oficial seals for

which are

equipped for the cul- the government, and by Major: Louis atruction of vessels of large tonnage. Cassel (retired), described in the agree steamer of 3,000 tons the rat of an import- mone as an officer of the Most excellent sat series--will be launched Order of the British Empire, and Sum

next April. Pak-ining, a resident of Hongkong, for the other contracting parties,

A

The resources of Cambodia, Annam and

Las are incalculable Cotton, sugar, silk and lumber axist in abundance, to say In return for the payment of $1,000,000 nothing of products of secondary importance, in Hongkong currency, in two instalments such as rubber, pepper and, ails"

The Governor-General will also discuss, ut

contract, a syndicate to be known

216 the

rangements

the

BT-

MILITARISM IN THE PACIFIC,

FORMOSA AND THE PHILIPPINES.

"

were appointed, one disappears. Vet of course, we pay his fee. You had better reduce your tee to a nominal sum.

The Chairman-Is that all you have to say? more to may yet.

Mr. Robertson---I have a great real

The Manila correspondent of the Cheyour question? cago Tribune has been sending to his

י4

The Chairman-Have you finished with. Mr. Robertson-Yes. the passing of the accounts.

The Chairman-It will be dealt with in

of $100,000 and 800.000, and the carrying Paris, the question of currency reform, and Paper articles in which he asserts that out of certain conditions specified in the renewal of the charter of the Bank of Indo-in the Philippines have very Kwang Tung, Collieries, Limited, secures China, which expires on Janaúry 21 Javanese troops in the Far East parti- long speech, criticising various matters..

neasy felizgs about the movements of the Mr Robertson then entered upon a. the con! mining monopoly in Krangtung Lastly, M. Long will deal with province for 20 years or more. This much that French and native representations American interests in the Enst.

be made in ordorlarly in Formosa, because they are per- whichk are to is plainly specified in the agreement. These should be adapted to the present political latest letter (says the Jiji correspondent), the subject of the Liquidator's fee, saying. that these troops are a menace to criticisms Mr. Robertson again reverted to After the Chairman had replied to the who have studied the documents say they and economic needs of the country. He the American correspondent alleges that it was a crying injustice that such a fee

Iz. his are sa worded that the syndicate also can take over all railroad, highway, or water February. Freach Wireless.

pects to return to his post at the end of large body of Japanese troops, numbering should be paid, and they were not acting transportation at anytime giving it practi cal control of the province. The agree

som. 3,000, are stationed at the southern in accordance with the law. According extremity of Formosa; which is located to the provisions of the ordinace, share ment specifics that the syndicate must be in British control

other 100,000 shares, valued

within twenty hours' at

voyage

of the Philip holders should fix the fee of the liquidator, Pection it is the portion of the agree-side as an amortization fund. The exercise proper control over aborigines. With what result?

$1,000,000, in the 200,000 block, aro set

pines. The Japanese authorities explain or liquidators. He asked that it should ment which the Peking officials poing to

that the sole object of these troops, is to be fixed, and was told to let it slide. tent of financing is somewhat complicated. but the American residents in the Philip Tls. 20.000 as giving the syndicate much waster Each year the 6 per cent, interest on the powers than a mare enal monopoly of the $1,000,000, or on that portion of the faith of this declaration, because the Ame! The Chairman-1 am about to ask the An iniquitous fee of rich province. That section readi

pines have their doubts about the good The said company when incorporated deducted from any dividends due the go mustered at the southern extremity instead

$1,000,000 remaining uapaid, is to be shalt for the purpose of its business, beerment.

rican corresponden; says these troops aro entitled to use any waterways, wharves, terest on the same sum is to be deducted being distributed widely in the island.

addition, 4 per cent. in- ports, railways and other means of trans from the same dividends for the "amortiza port, or storage now existing in Kwangtion fund. As fast as the $1,000,000 debt is COLOSSAL WASTE IN PERSIA. tung province; and also construct, repaid in amounts of $10,000, ad equiva- manage and superintend and work any lent number of the 300,000 block of shares ther roads, railways, waterways and build-ure to be released to the government.

ALLEGED EXTRAVAGANCES BY ings as may be deemed advisable for the Obviously if the 4 per cent, continuen at

BRITISH EXPEDITION, purpose of the business of the sitcom $10,000 each year the $1,000,000 will be According to a Kokusai Reuter message

or

.ju

point.-

・I

15

meeting to pass accounts including that leo.-

Mr. Robertson have no doubt the

until the agents can come forward with a meeting will pass it. But I will not vore for it. This meeting should be adjourned proposition to satisfy. the shareholders.

W

SPORT.

aggrieved

HOLIDAY CRICKET. MR. NO SZE KWONG'S TEAMI. KOWLOON bc.

The Chairman-If shareholders pass the Pany, or to improve thoje, noir existing | repaid in 25 years. If $1,000,000, 36 newspapers in London have given promin but shall pay reasonable remuneration or the unpaid balance of computed on from London in the Japan papers, the and all these other questions.

tirely dispose of the question' of the fee. accounts now as they stand, they will en cosupensation to any individual of indizi per cent will never reach the vanishing have been published by revelations that of them so far as I am concerned

nstruction or prejudiced, by such us debt the of India.

Mr. Robertson-They will not dispose The two Cst important railroads.

Dict

of Bombay, of the alleged colossal Kwaagtung province are the Conton-Kow-to provide for these interest allotments, Erpedition to East Persia, which began

In case the dividends are not sufficient of money in connection with the British bertson being the only dissentient.

The resolutions were passed, Mr. Ro- loon railway, a British-owned line connect the government is absolved from paying in 1918 under General Malleson. In con- ing Canton and Hongkong, and the Can-them out of its own lands. The agreement nection with this expedition, it is stated ton-Hankow railway which is expected to specifies that out of any profit all working that the total cost cannot be much lees. be ultimately a part of the through rail expenses shall be paid frat, and after that than £100,000,000, a large part of which route between Hongkong and Peking*** The agreement gives the syndicate

a royalty of not exceeding 31. & ten, co was due to the construction of the coal concessions in the districts specified expenses of the staff, sums properly pay in Baluchistan to Askhabad on the Tran

all coal mined, or denit, with, reasonable road 725 miles in length, from Duzdap "motor 28" Nam-hci, Pun-u. Tungkoon, Poon, able to the Kwangtung government, & per caspian railway in Russia. Sam-sui Fa-yten, Ying-tak, Young slian, cont. interest on the Lia-yuen, Kuk-kong, Ching yach, Lok. by the A. Bhares, and the remainder Expedition was a gigantic piece of bloff,

capital represented

The Times of India allegos that the choong, Yua-yuen, Yan-fa, Cheo-king, divided equally in dividends to the holders as the force could at any time have been mencing at 10.30 m., the following will In the above match, on the Kowloon Nam-hung, Fet kong Yung yuen Ko of "A and B shares." The holders of overwhelmed by the Russians: or had its compolo Mr. Ng Szo Kwong's team:

C.C. ground on Monday, 27th inst, con- ming, Tsang-sking, Tsung-fa, etc." The shares". are in line for both an abbreviation, etc. is believed to curer cent, and a supplemental dividend.Pline of supply, cut by the Afghans, and the Ng Sze Kring any districts not mentioned by name. No further concessions to prospect or mine, payment of $100,000 has been made and The newspaper demands that the fullest On How Fan, H Ching and Lo Man Though some officials say that the first Perditure on the road, which is now 1 U.. Omar. 8. Jox, A. A. Rumjaha, Woi:

derelict

(capt.),

R Rumjaha, not specifying ecal alone, are to be given gone the way of many politient promotion inquiry should be made and the fullest Paa. Souter: Mr. Chos Man Ping

Wing-Lock Geo. Leg, Goo. AY Hall to any other individuals or companies in ventures in China, the agreement provides punishment, ted out to all who were res- the same districts....

that after the papers have been signed, posible for such a criminal waste, The yndicate also becomes the order of all coal mines in the province which are take all such steps necessary to secure the chopped and sealed, the syndicate shall now being worked an present and the holder official sanction of the Peking government THE SHANTUNG QUESTION. of all concessions on which work has not and deposit the 100,000 'aller that sane been startad. The government further obligates itself to render all assistance

was utterly wasted.

#

tion has been approved It is understood PROPOSAL TO DH WELLINGTON that various officials have been active in

province.

Offi

•

+

SHANGHAI TRADE.

Messrs. Ilbert & Co.'s (Ltd.) Piece as it is able to enable the company to Peking in this direction but that the

Goods Market Report says:. acquire at a reasonable price the con- einl shaction has not been granted.

There has been no redeeming feature in cessions, or mining rights of companies

the market during the week-nor is there According to a Shanghai dispatch to at the moment anything upon which to After the $100,000 has been paid the the 71, Mr. Wallington Koo to Chino base hopes of an early improvement. An which now are working their properties syndicate is to have 9 months in which delegate to the Assembly of the League of extensive native bankruptcy insolving, it on a commercial basis and consequently to further investigate the mining cannot be forfeited. The Agreement speci- pects in the

pros. Nations, in an official report recently is said, about 8,000 packages of plece goods Les fifty different companies and the continue, it must pay the remaining Barot Hayashi, a Japaness delegate and it is believed that a great Fumbor of If it decides to wired to the Peking Government, says has been reported within the last few days. grants on which they have started work in 8900,000 and start within 6 months, to the Assembly of the League of Nations. the men now left in the the province. It names six others and though there are liberal conditions for recently visited me and suggested to me unable to meet their liabilities if forced to their grants on which work has not started extending the time If it cannot continue the advisability, of opening direct negotia- liquidato to-day; in fact, the losses in trade would be and which are subject to forfeiture. The it forfeits the $100,000. However, if it tions between the Japanese and Chinese native business circles are so common and agreement specifies that the new syndicate does start work and goes into liquidation. Governments regarding the Shantung Snancial facilities from the banka so im- shall conform to the local mining laws but the government must return the the Kailan Mining Administration.

the Japanese Government was ready to is little short of desperate, and is very by

tal of $10,000,000, Hongkong currency, shares, three of Chinese autionality?

elected by the bolders of " A below. divided into 1,000,000 shares. Half of elected by holders of B shares" and one ciat mart of China. these are to be known as shares" of British nationality elected by the 2-All Tainghu residente, which are to be disposed of by four dire preceding six. tors of British nationality The remain European manager, European engineers administration of stairs there

The staff is to have a of nationality, shall participate in the ing half are classified as B shares" and and supervisors, a European secretary, a 3-The Shantung Bailway shall be afe to be considered as fully paid up." Chinese secretary and Chinese mivers and run under the Joint management of the The agreement specifics what disposal shall labourers, the letter so far as be made of 200,000 of the B shares, and uptives of Kwangtung province.

**possible Japanese and Chinese Governments, allots the remaining 300,000, representing The agreement is written in both Chin- desire the joint management of the rail at the Magistracy, yesterday, that he had If the Chinese Government dore not of a dagger, a Chinese youth explained- Charged with the unlawful possession $3,000,000, to three directors of Chinese and English, though specifying that way, it can purchase its interests, but it pursued to Hongkong a man who had nationality Half of the 200,000 shares in case of dispute the English copy shall cannot do sa are to be divided equally for the bape prevail Under such circumstances, the 6-IF the Chinese Governme is not

shall not pay any higher duties than does The syndicale is to be $1,000,000. question, and unofficially notified me that possible of arrangement that the situation The syndicate is to have a nominal capi- troubles; three of European ns. make concessions to the extent est forth unlikely to be any the loss so betwWOON BOW

of the poor and the educational institu- tions of Kwangtung province,

The $1,000,000 preliminary payment, to the Kwangtung officials is eventually to be paid with 6 per cent. interest out of the government's share of the conces sion's profita. In order to guarantee this (Continued as foot of text column.)

syen

British and Chinese directors shall each appoint an arbitrator who all elect an unpiro nat of British nationality The signatures of the two former Kwang tung oficials wore affixed in Canton while thoan of the two British representatives are witnessed by Ho Bhing-chong a notary of Hongking.

9

and China New Year as some tip country

1. Tsingtau shall be made a commer-buyers will shortly bo withdrawing from but ness in anticipation of that festival.:

with foreign long

irrespective

ready with funds to purchase the railway on the expiry of the terms of the joint management, the contract of joint man agement may be extended,"

The Shanghai dispatch learns that the Chinese delegate, rejected the Japanese proposal, saying that the matter mver be decided by pullic opinion

AN "AVENGER" SENTENCED..

murdered his mother and her intended to avenge her death. The police evidence was that the accused was acting in concert with other men conviction for Lancery his Intentions, he will have to postpone was also proved against himins Whatever carrying them out for a time for Mr. Smith sent him to prison for nine months

with hard lebon