1921-01-12 — Page 2

Page

THE HONGKONG DAILY PRESS,

THORNYCROFT

JOHN L THORNY(BOFT & CO., LIMITED,

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Fer quotation app y-

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TWEED JACKETS $23.50 $25,00 FLANNEL TROUSERS $17.50 pair WOOLLEN WAISTCOATS

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THE ABOVE ARE EXAMPLES OF THE EXCEPTIONAL VALUE WE OFFER

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Hotels in Japan & Manchuria

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CHEN CHTUNG-MING AND #CANTON,

THE RISING STAR""

A NEW MENACE TO PEKING'S AUTHORITY,

[BY RODNEY GILBERT IN THE S NÃO. DAILY NEWS-"]

North

WEDNESDAY, JANUARY 12cm, 1921.

KUNG YIK COTTON SPINNING QUESTIONS IN PARLIAMENT

AND WEAVING CO.

-EIGHTY PER CENT. DIVIDEND FOR 1920

GERMAN PROPERTY. IN

ENGLAND.

Mr. Acland asked the Chancellor of

THE FAR EASTERN FLEET. The Naval correspondent of the London and China Szprtia says:—

Beveral suggestiona are being made as to the best way of meeting the requirements of the Far Eastern Fleet, which Lord Jellicos saya is an absolute necessity if The eleventh ordinary meeting of share the Exchequer whether he could make Great Britain wishes to retain her prestige in the Indian Ocena and the Pacific. Such holders in the Kung Yik Cotton Spinning any statement with regard to the an foot ho say, should consist of at least and Werving Co., Ltd., was held last nouncement by the British Government PKLING, December 30th sixteen capital ships-eight battleships and week at the ofices of Messrs. Jardine of their intention not to exercise their

eight battle cruisers with. ton light Sufficient time has elapsed Peking cruisers, forty destroyers and thirty-six Matheson & Co., Ltd., Shanghai,

| rights under Paragraph 18 of Anner II. since Chen Chiung-ming came to the fore submarines attached, together with the Mr. A. Brooke-Smith, who presided, to soise the property of German nationala to Part VIII of the Treaty of Versailles in Canton, and since Sun Yat-sen and Co necessary store ships, transports, oilers, etc, went down to take advantage of the sitna Id one quarter it is argued that the pro-Bald

in this country in the case of voluntary tion which Chen had created, for some very gremne could be largely met by sanding interesting stories to filter through to the to the Indian Ocean and the Pacifio-the amounted to Tis. 40,515.6, which, of Mr. Chamberlain said that this matter' The nett profit-for our past year default by Germany in respect of her

reparation obligations. A is worthy of remark that in this latter also including the water patrolled course, greatly exceeds any previous had given rise to a good deal of mis stronghold of the reactionaries one never by the Royal Australian Fleet and the New record and is most gratifying, consider apprehension. His Majesty's Government hasra word against the character or Zealand Flect now just started-four battling the varying and often difficult con had not renounced their right to take political tenets of the man whom Teen slips of the Royal Sovereign class-presum ditions encountered. Chur-hausa has denounced as a Chineso ably the Royal Sovereign Royal Out Bolshevik A certain Haalin graduate, Revenge, and Resolution, or as an altern

The year 1990 will long be remembered the paragraph in question. They had measures such as were contemplated in comparatively young man of the old school, tive, the Ramillies, there being fire of the as one of the most remarkable in the merely declared that among the measures recently visited Canion to satisfy his own type, and the battle cruiser Hood-the history of trade, as it witnessed the they might take in given circumstances curiosity about the personality of General mightiest battle cruiser aflost to-day and sanith of the after-the-war boom, and also there would not be included a seizure of Chen. The same man knows Wa Pei-fu the Cat Squadron, and most of the other men whose names and Lion, and four of the Queen Elizabeth values of all commercial commodities.country, whether such property was in including the Tiger the reaction, with its dedation in the the property of German nationals in this have become synonyma for public virtue class, including the name ship, the Malaya, For the first few months there was the United Kingdom or under United in the minds of the Chinese people. He Barham and Yabant, together with the brisk demand for our Mill products at Kingdom control, and whether it was in ways that if all the military mom in China Renown and the Repulse. The above relco high prices, and we were able to manu the form of bank balances or of goods wero like Wa Pei-fu China's troubles would ton, whilst leaving a few capital ships for facturs very profitably owing to com be es an end, but since they are not, China home waters and the Mediterranean, would paratively cheap cotton. Unfortunately, this country for sale. This decision was in British bottoms or of goods sent to mut look a man lika Chen Chingming give thirteen out of the sixteen asked for, local values were unduly swollen by the not taken in consequence of any repre- to put the country right. /

and would form a most formidable combina-pernicions system of gambling that takes sentations from Germany, nor was it LOGOMA HAKKA CHIEFTAIN.

would give three squadrons of capital ships, Japanese operators, thany of whom are The matter had been under consideration tion. Even if one capital ship short-which place between certain Chinese and dictated by regard for German interests. which are the crux of the problem-there not legitimately interested in goods from for a long time, and it was hoped that being enough light cruisers.

an actual trading point of view. The it might be decided in connection with Japanese financial crisis in the Spring the general discussion of reparation ques brought about the first set-back to this tions at the Spa Conference or at the market, and since then the trend of Conference proposed to be held at prices has been continually-downward. Geneva. In view, however, of the post. In local cotton yarn for instance, there ponement of the latter, his Majesty'■ was a decline of about 60 per cent. be. Government felt it to be impossible to tween March and October. Demand, continue to maintain a threat which in Mr. Thongs W. Lamont of Messrs. J. P however, has been-consistently steady,juriously affected British interests without Morgan & Co., has issued an othcial sum and as we have been able to keep our offering any real security for the exeen- mary of the Chinese consortium agreement Yarn order book well filled, we have come tion of the Treaty, since so long as pri- under which banking groups of the United through without any losses in this branchvate German property in this country, States, Great Britain, France and Japan of our business are to as ist the Chinese people in the

and in particular private bank balances. development of their railways and other the piece goods trade in Chida is now seizure, it was fairly certain that if the The very serious crisis through which belonging to Germans were exposed to public utilities. It is stated that the four passing has, of course, bad its influence moment ever arrived when we desired to groups will have the backing of their respective countries. Each group is to profits we were making in the earlier part would be no appreciable property to on our cloth business, and the handsome put Paragraph 18 into operation thers determine the composition of its own unit of the year have been somewhat dis seize, and the m mber groups will determine the counted by the losses we have since sus- admission of additional griups. Loans aro

ཟ་

CHINESE CORSORTIUM. AN OFFICIAL" SUMMARY OF THE AGREEMENT.

Before enlarging upon the stories. of Chen's achievements and personality, of particular interest to call attention to the fact that he is "Hakka and that a very large percentage of his troops are ala Hakka. Everyone knows that the real fighting element in the Northern army is the Shantang element. The Hakka, as most of pe know, are Shantungese far removed in time and distance, but still, tenacious of the mountain dinject which they spoke when they were driven out of the coastal ranges by Ch'in Bhih-hung, the builder of the Great Wall, more than 2,000 years ago There is no people in North China to-day so persistent in speaking Chinese in their own recalcitrant way as the hill folk of Shantung Wa Pei-fu, after living and fighting through dozen provinces, still speak a variety of Chinese which would make most of Chep Chinng-ming's Hakka. following homesick. It seems something more than a coincidence that the remote cousin of the man who demolished Anfuis in Feking should have routed the Lu Yung ting induence out of Kwangtung. It furnishes pabulum for the imagination.

What everyone is most interested in learning is the precise relation between Bun Yat-se12

and Cher Chinnging Their public utterances indicate clearly that Chen went back to Kwangtung as liberator while Sun returned to be a con queror. Sen talks largely of conquering the South and the Yangtze Valley in the name of Constitutionalism, while Chen preaches self-government, provincial auto nomy and a new Government evolved from a federation of self-governing provinces. Two points of view are here represented which are altogether incompatible. Yet they say that Chen is the understudy of Sun Yat-sen and that he is thoroughly THE SALE OF JAPANESE MAPS loyal to him. We all want to know what the key to this contradiction is and what is going to come of 14, 20 PATATELE OF THE REVOLUTION.

Those who have recently returned from Canton supply an explanation which, if not wholly satisfactory to everyone," is roussuring in that it seems to prove that Chen is not as mad as his notorious master- It is said that ho regarda Sun Yat-sen as the lather of the revolution. Whatever Sun's fothes may have been in the past nine years, he has worked indefatigably against political elements and movements in China which were no worthier of support than his own and which did not have the apology of fanaticism to offer. He has raised large sums of money shroad to fin ance movements in the Bouth which have boun a good deal more wholesome for China than the financed with Japanese funds in the No.th In view of these things Chen can-ot see his way clear to bout Bun Yat sen out of Kwangtung, as most of us would like to see him do, but at the same time he has no intention whatever of leading himself either as a civil official or as a military commander to the creation of a row southern state for the socommodation of "Bun

at earlier by a majority of the groups.

HEAVY SENTENCES.

Oyama Tannanori, nephew of Marshal Oyama, who was accused of attempting to sell strategic maps has been sentenced to three years imprisonment, and Seki- zawa, charged with being his accomplice, to two years.

Taso Kun does not count.

..

NEW BISHOP OF MACÃO; CONSECRATION SERVICE AT

CANTON CATHEDRAL.

FRENCH INDO-CHINA.

Bie

to be of a public character only, made to tained owing to a few defaulting dealers. or on behalf of the Republic or its Pro We have, however, dealt drastically with vinces. Concessions upon which substantial stocks of cloth in our accounts, and we come within the scope of the Consortium. Cotton throughout our past year has progress has been made need not necessarily trust we have provided for the worst. Complete equality among the banking been plentiful and reasonably cheap, groups is provided for, but the parties to considering the high prices of mill pro His Lordship Lewis Versiglia, the any operation are ant to be jointly liable, ducts. The China Crop was considerably Superior of the College of Arts and each of the groups undertaking to liquidate smaller than usual owing to unfavourable Trade for Chinese in Macao and also its own engagements. Any group not de weather conditions, but with high ex. the Superior of the Salesian Fathers, siring to make an issue in its own market change rates ruling and Japan being over was on Sunday, consecrated the Bishop may request the other groups to include stocked with Indian and American grades, of. Macao, the ceremony taking place at its share in their own issue, The Conser there was little export from China, and the Roman Cathedral at Canton. tium is to last for five years unless termi-local mills were readily able to obtain Lordship the Bishop of Macao will also

their supplies of fair quality. Useful have charge of the missions in Shinchow. grades of Indiana were also available at After the ceremony, the Bishop was cheap rates, but good varieties of Ame guest of honour at tifin given by the rican were comparatively dear owing to Salesian Fathers from Shiuchow at the the general poor quality of their last Church compound. Among those present crop. During the past few months, all were Civil Governor Chen Ching-ming cotton prices have declined very heavily, of Kwangtung, who was accompanied by and we may consider ourselves fortunate Superintendent Wong Keong of Omaton in having worked off dear purchases. Customs, District Magistrate Wong Chi The amall stock we have taken over, as Wah of Lockchong, His Lordship the usual, at cost, is reasonably pear present Bishop of Canton, De Guebriant, His values, and is more than protected by Lordship Pozzoni, the Bishop of Hong our Cotton Fluctuation Fund. w pkong, and His Lordship Baysaac, Bishop The proposal final dividend of Tis. 6 of Chaochow, Mr.- Lam Bui Chau, Mr. with the interim dividend of Tia. 9, makes, Chen Sau "Shan, Mr. Chan Taek Cham, Canton. Popular opinion in the south and about two-thirds of the past year's nettsions in Kwangtung-Canton Times.

a total of Tis. g per share and represents and the Fathers from the different mis

port a union with Canton to simply enhance pany's existence, the dividends will Yangtze Valley provinces would not sup profts. For the ten years of this Com the power and prestige of a now military amount to Tla. 24.40 per Tls. 10 share, government under Sun Yat-sen, Tang Sho-i and Wu Ting-fang. But if a re which is equivalent to an average annual generated Canton is going to come forward return of 34.4 per cent, and if the as the champion of provincial autonomy further allocations recommended by the OPENING FOR BRITISH TRADERS. and of real democracy within the provinces, Consulting Committee receive your sane- there will be no district south of the tion, the various Reserve Funds of the The British Consulate at Baigon, Yangtze which will not join the movement Company will total Tis. 810,943.01, which, Cochin-China, draws attention to sa op- and Peking may even ices some precious on a capital of Tha. 750,000, should be con portunity which exists there for the territory north of the river. The Tuchans sidered highly satisfactory. af Shantung and Chekiang have already

cale of British goods, particularly for pledged themselves to the abolition of the off Tla, 60,000 and Tis: 40,000 from plant descriptions. It would appear that goods With regard to the proposals to write metal goods, tools and hardware of all Tuchusate and to other liberal ideas. Wu and machinery and building respectively, of Freneb manufacture are much in Pei-fu's political doctrines are well known. I would remind you that this concern was favour in that market, but by reason of bo Xat sen.

inaugurated in 1907 under Chinese aus the difficulty which is being experienced Chen Chiung-ming is one of the strongest of everything which Wu Pei-fu Chen the buildings and the equipment of the seeking other sources of supply, and it advocates of provinciel autonomy in China Ching-ming, Feng Yu-batang and others It had with emphasis by those who have of their dass are advocating, but Chang mill were not undertaken with that view is thought that the ensuing six months iately seen him in Canton that he will be Two-lin is isolated, He dare not more to durability and thoroughness that we will afford an excellent opportunity for consistent in his political theories and will troops into China because, if he brings his ourselves should have given to such in the introduction of British products, pro- not attempt to imposes his authority upon good divisions into Chibli, the Ririn folk partant items. Since we took over the vided that reasonably early delivery can Kwangsi, Hupel or any other province to will proceed to macerate what we left management of the Company in 1910, we be promised. salisty the politicsi ambitions of Sun Wen behind, while, if the good troops are, retain have attended to the general up-keep or anyone else. He conceives it his rated in Fongtien and the Hung-nize" are and improvement of the property and also duty to clean up Kwangtung If the Kwangsi-ites wat self-government and and obliterate then somewhere in the neigh-ravages of the climate and the constant we paid 95 per cent, reduces our holding rent into Chilli, Wu Pei-fn will meet them written down the book values freely. The of Municipal Debentures, 1919, for which Want to vject Lu Yung-ting and if they bourhood of. Peking, as he did the Anfu strain of day and night work during the to the present market value of 99 per call upon Chen for help he will help the armies last summer. and then withdraw. If he is wanted in the provincial autonomy movement rather that whatever repairs may be made to

Il Canton supports past few years have, however, revealed cent Eupah on the same terms he will go to than Bun Yat-sen during the next months the mill buildings, they may always be at the mill has been well earned, and The bonus of Tis 22,500 to the staff Hupeh and when the Hupebites are ran ning their own province and are finished the provinces will be gune and the powers forced to rebuild and scrap the inefficient

the weakening bold of the militarists upon inadequate, and eventually we may be I am sure will be appreciated. with him he will withdraw.

and functions of the Peking Cabinet will buildings and portions of the plant. It number of employés who qualify for the Our contingency against the increasing SELF-GOVERNMENT MOVEMENT SPREADS This statement of Chen Chiang-ming's municipal council by this time next year."

bo equivalent to that of a metropolitan is, therefore, imperative that we should Chinese Superannuation Fund, inaugurat policy comes indirectly to Peking but on

take advantage of exceptionally good ed. last year, will be covered by the

·CANTOR'S GREAT OPPORTUNITY, good authority If we can take it at its For these reasons Canton is the focal these assets liberally and be prepared for

years to write down the book values of provision of Tis. 15,000. face value it is really very significant point for a great deal more Chinese aften the time when they must be replaced, war charities will be sent to the Secretary Only a few months ago the South was ruled on than the averago Chinese official would If you sanction the above proposals the of State for Foreign Affairs for dispossi The proposed donation of Tls. 7,500 to by southern militarista and the North by have the foreigner believe. Nearly every plant and machinery will stand in the probably to the King's fund for disabled northern militarists. There was not mach Tachun, with the possible exception of choice between them. Anything like self. Chang Tso-lip and Tao Kun, has his books at Tia. 171,107 28, and the buildings soldiers and sailors. government would have been as unwelcome representative in Canton interviewing and at Tis. 47,821.81, and if our present policy to the military of Canton as to the military conferring with either Chen Chiung-ming of depreciating is maintained these items Insurance against loss of profft resulting During the past year, the matter of of Peking. If Chen Chiung-ming means or Sun Yat-sen. The attitude of half the will be written down in a very few years from fire, has been satisfactorily arrang to support the popular movement towards, politicians and military men in the country to nominal figures. self-government China's psondo-militarism towards self-government will be determined The addition of Tls. 76,000 to equali- the previous 3 years.

ed on the basis of the average profit for Even the casual observer must have Every Chinese knows that Wu Pelfa and total to Tls 375,000, which is half the for all employers of native labour, but by the turn which matters take in Canton. sation of dividend fund will bring the noticed the progress which the self-govern- Feng Yu-hsiang are closely allied. Nearly capital of the Company 60,000 the we have anticipated any serious troubles ment movement has made sinco Chang everyone knows that We Pelf is in cor- With the allocation of Tia 30,000 by substantial advances in wages fo meet Chin-yao was ejected from Hunan last respondence with Lu Yung-hsiang of Che cotton Buctuation fund will amount to the higher cost of living spring a growing onsciousECKS that kiang, with Chao Heng-ti of Human and Tls 100,000, which will prove a useful Since our last annual meeting, we hare China's salvation is in the forming of a with a Fa-hsiang, of Kanan. It is now safeguard in the event of adverse con required a small additional piece of land federation of ealf-governing Chinese states said that most of these persons are in ditions. slong one side of our property, which which would evolve a Government nothing touch with Chen Chiungming.

By adding Tis: 25,000 to special repairs enables us to undertake certain alters like Peking, nothing like Sun Won wants, If Canton does not go off on a wild and renewals fund we shall have avail- tions and minor extensions that will prove but something actually responsible to the tangent directed by Son and his political able Tla 75,043.01 for keeping the mill el- great convenience, provinces, controlled by the substantial friends, it would look very much as though as efficient as posible. middle clam.

most of the men whom we have mentioned The creation of a reserve fund, by afraid that the financial etringency and MANY LEADY TO JOIN

As regards future prospects, 1 an The immediate future of this movement,

above would emerge in some sort of an all setting aside Tha. 80,000, will give us an general want of confidence must exert which involves the immediate future of which would include such schemes se local auditional reserve that will be available depressing influence for some time, but

ange as the champions of a set of new ideas, Peking, would geen very largely to depend self-government, provincial autonomy, the upon Lur sincerity of Chen Chiung-ming convention of a popular assembly to shape T 400, enlla for no comment, and the China is sound, and we trust we shall

for any purpose,

The amount written off farniture, viz. position of yarn and cloth throughout so far an we can ascertain the statistical and the degree to which Sun Wen and his China into new federation and the sweep- political colleagues can be suppressed in ing away of most of the old institutions Ts. 1,500 written off our Tia, 50,000 worth shortly experience better trading cour

(Continued as foot of neet column] which are so dear to Paking officialdóm,

Great Military - President, Chang Tso-lin is the one open opponent pices. Unfortunately the construction of in obtaining delivery, importers are now.

is broken in the Bonth.

The past year or two have been difficult

(Continued at fork of next columnas.) ditions.

$