1922-05-31 — Page 2

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THORNYCROFT

JOHN L THORNTOROFT *. 00., LIMITED,»

ŠEIFEVILDANI AND EngureRES,

London, BortKAMION AND Bleinerrorx.

15

Shanghai Ofice: 10, Kinklang Road.

THE HONGKONG DAILY PRESS, WEDNESDAY, MAY 31st,

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

in Stock

For quotation apply-.

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AT

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New Shirts and Loft Collars

CALL AND INSPECT,

WHITEAWAY, LAIDLAW & CO., LTD., HONGKONG,

WU PEI-FU AND THE REUNION OF CHINA.

ENDORSEMENT. OF GENERAL ·

CHEN'S. POLITICAL CREED,

Mr. Bodney Gilbert in the course of a long article in the S.C. Daily News en General Wu Pei-fu writes:-

BANK. INDUSTRIELLE

SCANDALS.

DOCTLT BRANCH " OF HLC.

ANOTHER COMPANY IMPLICATED,

Paris, April 2gd.: The following from the Paris corres-

Many personal admirers of Wu Pei-fu pordent, of The Times, which amplifier | have complained that he is a difficult the information given in the cables a man to support because he will put forth little usar a ninth ago will doubtless in-ne constructive programme. His failure

éinment au to

polition issues is terest mung traders in the Far East: --- due largely to his obstinae conviction is not his business to lead in The inquiry into the affairs of the

that it Banque Industrielle de Chine and its political thought bas to create directors, $1M Pernatte and André uties for the people to get whatever they want, His enemies construe this however, to mean that he is a

on current

Berthelot, has gradually extended itsary at heart and secretly resenta

scape is those of the Pacife Maritime and

Drw directors of the Pacife Company latter had put forth nothing of mutual

have been warnet not to destroy any papers relating to 3 Galluser's director, Teter

Conurercial Company, which was founded the e growth ef popular democratic aspira. by M.Albert Gullnaser in July, 1918 tions. No one who knows the man per- Mallaser, who was until quale racpally one believe this bat it is difficult cently its director, now stands charged on to er vince the public het he is ready the complaint of numerous shareholders to approve, a liberal programme when with infringing company law. abuse of he himself has never given, publicity to confidence, and swindling. Twelve former anything more tangible than the rather rokers at all to be inelticded among│ Luahan Coatererén idea. While

V8Z1!t? his serpleen. On Friday last dunicij fiary warthes were carried out a treatly in Kwangsang the writer inter General Chen Chung-ming, who Galluser's rooms and office, and a un complained also that in his negotiations

W. tity of documents was impounded. The with Pui fu's representative the

more satis factory than a vagur teleration, while he (Chen Chiung-ming) had certain definite" political principles which everyone knew and which he was "3. Cord, of the Snancial affairs ready to discuss with anyone who enred tion, whose renner has led to this fresh; to have friendly relations with him. development, gos so far as to term the

CHEN CHUNG-MING'S CREDO, Pacific Company an break branch of the 8.1.C." He gives a full account of The writer subsequently procured #

genesis of the Pacise Company. M. tenant of Genera; Chen's major politi Albert Galluser, who was born in 1879 vid doctrines in English, brought it north at Romansborn, Switzerland, martie, a with him and two days ago had it eare- Russian lady, and made the acquaintanen fully translated and then sabinitted it to of M. Pernatte at Tentsin. In 1915 he Wu Pein. The right clauses of General succeeded in crossing Germany And Russia, he's crede, with explanations as they and arrived in Paris. M. Pernotte, then were given to the writer in Kwangtung. x diretor of the Banque Industrik de were as Ellows:- Chine, advanced him sums of money, and in July, 1918, helped him to feant the Pacific Company with a capital of 1,500,000 frames, which was successively raised to two, six. 12 and finally million francs. (One million francs equali | 240,000 nominally, Į The offices of the

company ware No. 1, Rue Clichy,

(1-Popular self-government, as in stanced by the election of district magis atr (as is now done in Kwangtang). B)-Le police to be controlled by gal boards. these in turn subject to the authority of a provincial board.

OF

(5.). Preservation of pency and order in each province by the police and pro- vincial gendarmerie under the Civi invernor (not by the army or by Tu chun).

(3.)--(vi) Governors of each provite responsible to the Central Government

nly not to Tugbang or heal military): The end of the war gam and there () National army controlled by Cen was a great shortage of vesels M.tral Government and paid by Central Gallusses procáre some for his company gruent only (not by Tuchuns and ingestigation is now seeking to distal unildary). cover what were the conditions of sale and what profit was realize by him. Funds did not, however, come quickly enough, and M.M. Pernotte and Gal. haser are alleged to have now formed a syuilicate for the flotation of thoen Pacife shares ab douf, which they had first bought in at 2007. They pocketed the difference.

(1)Taxes to be collected by the Cen- When quoted on Bourse these tral Government each province remit shares rose To between 450f. and 500fting all but sufficient to over administra only to drop until worth no more than tive needs, as was done under the Ching

Dynasty

ect.

ADVANGER TO THE BLC,

(6)-Recall of the old Parliament thereby reorganizing the Provisional Cou

stilupion

(8.)-Building af provincing roads, en- M. Pernotte, who had personat reasons couragement of forestry, industries, etc..

rtc.. Es keep the people in the land, For avoiding a crash, made considerable

General Wa rênd the Chinese transla- advances to the Pacific Company out of tion of these clauses with eager interest the coffers of the Banque Industrielle de Land appened to be nusiderably sur Chine. I was at this time that the deci-i prised by the reasembleínas of the whole, sion was taken to transform the Pacific Excellent he exclaimed from time Marine Commercial Company into the to time as he read, and finally announes! Pacific Company. tout court." and that in its general sense he could heartily Fresh funds were thus raised without the endorse the whole knowledge, it is said, of the Board of Directors, who were befooled by fictitious statements and accounts. Once more the company got into difficulties, and ence mor M. Pernotte came to the rescue with B.1.C. fanda. When at Inst Maat.“ Galhusser reorived his conge, the Pacific "Of course," said Wu Pri-fu. reaching Comment was in delit to the B.I.C. for the for 1 hould make if I were publishing and the only amendnight

sum of 183,000,000£.

M. Gallusser, who has been interviewed by the latin, does not hesitate to accuse M. André Berthelot and the former heads

of the B.I.C.

There is only one clause" he said putting his finger on the first iten.

which is at all open to discussion."

That is one," said I, which General Chen probably considers the most import

which

this would be some suggestion for D tecting the people; against abuses. the people, of each haien were to nominat

ad elect their cwn magistrate they would pribly choow

'someone with important

"I in trase," says, that the syr local business interests, plenty of relatives filicate of which 1, with M. Pernotte and and friends As an official he would look others was a member, realised at the bell out for his business interests and his re ginning of 1920 a premium of about 200f. latives. It would be better if the elected per share on a pareri of 1,000 shares. magistrate were not a native of the hairie But this profit of 5,000,000 was employ-district. That is about the only criticism

that I can think of", ed by us when we had to buy in these same, shares at eof, and 7008, in oriler the first eluns go that it embodied his Be thereupon took his pen and altered to ensure an option for, subsciption of a fresh increase of capitul The only sagstion and gave the paper to his shares I placed on the market were those secretary to copy coming from an increase of capital on! which the B.1.C. bad minde advaners of

You are willing. then to endorse the 8,000,0001. As for my own-18,000--I whole programme ? I asked him. eeded 1,000 at an average price of 300. Yes, I would support it" he replied,” to the B.I.C. when I quitted the Pacific and if you can gotamuniente with Genera Company and sold the 5,000 others on the Chen, I should be glad for you to tell him

the "amendments› Bourse at a gure below the nominal.", pointing out to

„ENDORSED BY WE, -

M. Gallusser declares that the figure of which I have b

4

To the general, this endorsement 180,000,000 as the debit of the Pacific

of General Chen's eight principles, with Company to the B.I.C. 13" fantastre" and can only be explained by the bank's important. amendment to the first, eagerness to saddle the Pacife Company should be of the greatest interest, but it At the is probable that nothing will elicit Bo with accounts not concerning it.

much crument as Wu Pei-fu's approval moment of my quilting control of ta of the re-establishment of the old Parlia Pacific Company,' adds 31. Gallusserment and recognition. of the continued the debit to the. B.L.C. was $3,000,000 authority of the provisional constitution It ought to have been diminished by at the fundamental law of the Republic. tenet halt by the realization of the float On the face of it, it does two very in-

cf his constitutional thunder.:

ing stocks which we had at headhuarters pertant things; it virtually out-ins Hsi and our various colonial branches (about Shih-chang and it robs Dr. Suz Yat- 40,000,000f, worth of goods). When I left I was about to proceed to a verification of our accounts with the B.I.C., for I had become aware of irregularities to the detriment of the Pacifio and am convinced that a verification, would have resulted in

sensible reduction of our debt."'

EMPRESS OF, CANADA.”* DUE THIS MORNING... We are advised by the Local Obse of the Canadian Pacife Steamships, Limited, that the Empres of Canada, which left Falmouth on the 6th May is due to arrive in Hongkong at 10 sm. to-day, 93 daye from England

"

The steamer will be berthed at No. Pier, Kowloon Whart

A FALSE REPORT.

DEMENTI BY THE CANTON GOVERNMENT.

The following official dementi issued by Mr. Eugene Chen, in the name of the Canton Garernment has been published in Shanghai--

"I am authorised by the Government at Canton to deny the double statement to the Paotinglu meseage, printed in the China Preas on the 21st inst.. that Dr. U. C. Wu received from Chang, Tsd-lin a sum of 83,000,000 as a contribution to President Sun Yat-sen's expedition and that the alleged appropriation of this.

by Chen Ching-ming has been 5tween the latter and President Sun, Dr.

r sponsible for the existing relations be

C. C. Wu did not receive and has not

$3,000,000 as alleged, nor any sum what ever. I am to protest against the false reports, reflecting on the Government at Canton, which are being imued" from of Wu Poi-fu

The Empress of Canada will be open toe ved fram Chang Talin a sum of to public inspection on Monday, 5th June, botworn the hours of 3. p.m. and 6 pm, and by kind permission of Lieut.. Col. P. Hyslop, C.B.E. and. Officers, the Band of the 2nd Bn. King's Regiment Pastierfų be a recogaised foreign agent will play during the afternoon.

1922.

WORLD THEATRE

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in

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230 & 715.p.m.

CHARLES HUTCHISON in "WHIRLWIND." Episodes, 10 & 11

USUAL PRICES.

BOOKING, AT, THE TREATKI.

REMOVAL NOTICE.

HAVE REMOVED TO

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On display New stock of

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