1922-09-25 — Page 2

THE HONGKONG DAILY PRESS, MONDAY, SEPTEMBER 25TH, 1922,

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WHITEAWAY, LAIDLAW & CO., LTD.

THE STORE FOR VALUE, HONGKONG:

GREAT SZECHUAN, THE

STOREHOUSE OF CHINA.

(BY THE BUREAU OF ECONOMIC INFORMATION, PELING.]

Another scheme intimately bound up with the opening of the province is the construction of a line between Ichang and Chungking to serve as an alternative carrier to the Yangtze river route. Such

GERANCE

the contract :--

One-

DUTCH ACTIVITIES IN CHINA

ENORMOUS POSSIBILITIES OF

business.

TRADE

and here the project resta til foreign THE BANQUE INDUSTRIELLE

take up its

DE CHINE. capital can be interested

Another road into SCONTRACT WITH THE SOCIETE DE undertakings. chuan has been surveyed by American engitters under the contract between the

For years past the Hollanders haves- The extraordinary meeting of the share- Szechuan is the largest and richest pex Chinese Government and the Siems-Careg vince in China, In a country which cha Railteny and Canal Company, The route heisers of the Industrial Bank of China almost entirely, neglected their chancer in embrace the continent of Europe and bis connected with the Peking Hankow was held in Paris on August 12th, and China and looked passively on whlist leave enough room for another France and Railway at Siayang-chow, a point 131 passed the contract drawn up between the Belgiass. Britishers, French, Japanes Germany, and which can safely be said nes north of Hankow, and enters Sze 8.1. and the Sociéta, Français de Ger and Germans made a profitable baxians. to be the richest storehouse in the world, chuan near Taryang in Shemsi province, asce de la Banque Industrielle de Chiar, out of the construction of railways, and the importance of its largest and richest Both, these schemes and a "terminus" at in process of formation. At the meeting supplying the necessary ralla, bridges and province is a matter of some moment to Cheugtu, the Yangtze route being 939 there were represented 2.33, shares, rolling stock. Datch activities have beca the world. The area of Szechuan, "which tutes in length and the Shemsi route 805 | corresponding to 2,342 votes, or three conflued to the harbour works Sing- quarters of the capital. The motion for hai and Chefon, writes the Gazette de is 220,000 square miles, is larger than les.

sauction was passed by 37,750, against 503, | Heliante, Day how much more might the combined area of the eleven Americäu

been the Belgians who have applied theu. states of Maine, New Hampshire, Yar

The following is a brief summary of the have been accomplished! It hus obirtly. chiëf articles" in, mout, Rhode Island, Connecticut, Mass.

Capital.-The Gérance Company will selves energetically to obtaining command chusetts, New York, New Jersey, Pean sylvania, Delaware, and Virginia, whilst a railway would carry nearly all the pre-have a tapital of Frs. 10,000,000, in 2,000 of the Chinese market. Their efforts hav river-borne traffic owing to its shares of Frs. 5,000, each, subscribed by a considerably benefited the industry of its population, Estimated at 43,000,000, is sent

This ing all kinds of waterials to a value of nearly half the total population of the superior advantages over river competition group of banks at whose head is the Ban-Belgium, which bas for years been supply- By means of an extremely practical mode. United States, and is greater than the cheapness, safely and speed. At pre que de Paris et des Pays-Bas.

Of co-operation between Belginn industry combined population, of the thirty-seven sent it is impossible to transport, bravy capital may be increasel to Frs 13,000,000 tens of millions of froues per annum. etates not included in the area compari-machinery for industrial establishments at the discretion of the directors, som. Truly a must, populated provines and mining enterprises, and a railway third will be taken by the Chinese Governor the banks, the Banque Belge pour

these meat and so portion will be allotted to Etranger in China is doing excellent" and, as the interest of international route would instantly remove

it has now become possible for Dutch traders testifies, one teeming with raw obstructions, thus giving the province an foreign interests

Directors, The board of "directors will materials many times in excess of the opportunity to make use of its enormous natural resourced Besides opening up

of French large concerns based on the said co-ope needs of the people.

Szechuan, it would also absorb and supply number 10 to 18, with the chairman and business men to participate in one of the

of members. majority

"ration. The Dutch Syndicate for China... Szechuan claims to produce everything the rich mining regions of Yunnan pro-nationality. raised elsewhere in China, Silk, wvince, which is in the drainage area of

Objects.-The new "Société do Gavane has obtained a share in the construction. sugar, tobacco, Abres, rhubarb, bamboo, the Yangtze river.. tea, berba, and wood oil are among the In view of the fact that many years will have a double object in (1) Pursuing of the Lung-Hai Railway, which will principal products. The mineral wealth/must elapse before these enterprises are the recovery, of the assets of the B.1.f.connect Lanchow, the capital of the pro- is stated by competent investigators to be completed, it is well to turn to less am with a view to settling the claims on the vince of Kansu, with Haichow, on the immense, and although surveys have been bitious projects, which, although they bank's creditors. (2) To continun on beChina Sea. On May 1st, 1920, an agree so far superficial, extensive deposits of leave the Yangtze the sole feeder of the half of the B.i.ail hanking operations,ment was signed between the said Dutch irou, coal, copper, gold, quicksilver, and province, are important because they will especially in the Far East. With this aim Syndicate, the Chinese Government and according to which Dutch engineers will. petroleum, are known to exist. Salt wells develop the vast interior trade of the B.F.C, places at the disposition of the the Belgian Compagnie Générale de Che Chungking should be provided "Société de Gérance all the former builde mins de Fer et de Tramways en Chine, construct the railway from suchowfu to to a depth of 3,000 feet, have disclose the chuan. presence of petroleum and gas in consider with railway communication with the ings, effects and personnel.

The "Société de Górance 2 will be dis- Raichow (about 210 kilometres), as well able quantity. The industries, of which capital; that is the first consideration. silk holds the leading place, include wood à railway between the two great trading solved as soon as the creditors have been as the ocean harbour at the latter place. oil regetable tallow, wax, musk, medimarts of Szechuan would cut through the paid under the terms of the reglement These great harbour works will be oun- structed by contractors to be appointed faurous Red Basin, or, as it is sometimes transactionnel granted to the IC, cines, wood, bides, tobacco, and paper.

called the Chengtu plain, which is 43

Remuneration.The Société de Gér by the Dutch Syndicate for Chlua, whilat by bo miles in area and has a population

To finance the undertaking, the Syndicate in this great tract of land there is not of no fewer than 2,000 per square milo, ance" will be remunerated by (1) A com.the material for railway construction will a single mile of railway. The need of or ten times the average density of the mission of 1 per cent, on all gross revenus, preferably to supplied by Datch industry. transportation is greater probably than in whole of the province. This zone is per- (9) A forfeitory remuneration of & per will place a loan of $1.50,000,000 in any other part of the world. Schunn is fectly irrigated by an artificial system cent, on the paid up capital. These com Chinese Treasury notes on the market.

Also the society will situated on the roof of the world and 2,000 years old, and is probably the most missions will be paid before any distribu: The payment of interest and the redemp- is henmed in from communication with fertile region for its size in China. It tion of profts.

guaranteed by the Chinese Government. and by a special mortgage on the rail- its neighbours by stretches of mountain is a matter of considerable interest, there receive 8 per cent, of the credit balance. tien" of these Treasury notes has been range that find their origin in the Hima ore, that the provincial government pro.

Division of Profits. The division of way, whilst the engineer in chief will have layas. Its bottle-like shape has its only poses to undertake the construction of s outlet in the neck, an elongated piece of Changkiang-Chengtu line if sus proits made by the new company will be absolute control over the expenditure and land through which runs the Yangtze, capital can be obtained. The story of the fight with the upper prepared by General Yang Sea, the en as follows:-(3) 5 per cent, to legal re-receipts of the line. This is, therefore, reaches of China's great river is part of lightened Director of the Chungking serve, (9) Balance up to Frs. 10,000,000 not a State loan in the ordinary sense the history of navigation, From Tchang, Port Administration, has been submitted placed to special reserve destined to cover of the word but in issue of specially in Hupeh province, to Chungking, the to the foreign consuls, who pronounce it eventual working losses of the Société guaranteed Treasury notes upon security On this solid basis, Holland has begun only treaty portin Szechuan and 400 milea feasible project. Briefly, it will join de Gérance, (3) After the execution of capable of itself producing the means of along the waterway, most of which sec-Chungking and Chengta and then con- the above two terms ou por cent. of the paying both interest and redemption. tion drains the lower section of the latter neet Tachieniu, the gateway of Tihet, with balance will be paid to the B.LC. and 5

the irure Rotterdamsche Courant.- province, there are gorges of immense 250 mile extension. Owing to the cost per cent. to the Société de Gérance," to take part in the promising economie height, and shoals, whirlpools, and rapids of constructing a standard gauge railway (4) At the end of the directional period development of China, says a writer in that have played havoc with native era over a hilly country like Szechuan it is of the society, ie, when the creditors have The barbour plans for Haichow have During the high water season the Le proposed to build a narrow gauge line, been satisfied, the balances of the reserve been studied by the Dutch experts and and already reached the Great Chinese. Yangtze in places rises over 175 feet above and the amount of the loan tentatively. Funds will be divided-35 per cent, to the our railway engineers have begun work."

Shares The hareholders of the new Canal.. the low water level, and it is during this set down to templete it is twenty:âre B... and 5 per cent, to the auciety.

It is, therefore, not a little disappoint- time that the river becomes a tremendous to thirty million taels.

From the facts given above it will not controlling concern may subscribe, at par torrent, the sight of which, with its banks of almost perpendicular heights, is one of be doubted that the Szechuan people will to any future issues of shares either ordining that the issue of the first part of ary or 8 per cent. cumulative privileged the Treasury. Lonn was not a success on the most impressive, yet fearsome, sights support the venture as soon us, it is com

was partly due to the rumours of civil of the world. Navigation over this belt, pleted. They have suffered tremendously up to two-thirds, of the amount applied the Amsterdam market. Doubtless, this Creditors-The creditors of the B.1.C.war in China Inst spring. Far from it may therefore be appreciated, is trom, the lack of adequate and safe com- UP TO TWO-

munication for years, and still they make utmost diffentica. fraught with the

demands on foreign manufactures which Formerly on junks made the passage, increase with the develepment of foreign will receive bonds giving the right to shaking confidence, however, the fact that B.1.C. Each bond will represent Frs. 500 prospects of the works ought to be re and thousands of them have been wrecked enterprise. The new mode of travelling portion of annual payments made by the this war did not in the least injure the in the operation, but, owing to the bravery will be welcomed with open arms by of their respective claims. The creditors assuring inasmuch as it has proved that and skill of pioneering foreigners, and population which is preyed upon by the advancement attained in marine hordes of bandits, and the linking of the in the Far East will be given 5 per cent. such concerns, fuvolving foreign interests, engire construction, the Ichang-Chung various districts from Chungking to the Gold Bonds by the French Government, are respected, even in times of civil dis king section is now navigable by steam Tibetan border, will mean the best of provided for out of the French share of turbancea, with a certain degree of regularity dur guard against their depredations, and also the Boxer Indemnity. Such bonds will be ing eight months of the year. At the same

tend to promote a control to the people of a minimum of 250 goll. Creditors will time, the dangers to navigation still exist which it has not hitherto known in con- be privileged to subscribe up to one-third (the Yangtze has not yet been beaten by sequence of the inaccessibility of the re- of ordinary or privileged shares compos man's ingenuity), as is illustrated by the ions now proposed to be opened up. ing uny increase of capital absence of insurance rates and the high fost important of all, railway enterprise freight rates which the steamship com-

presages the development of industry and commerce. The untapped resources of padies demand.

the province have engaged the atteution

NOT A SINGLE RAILWAY.

From this iteration of the difficulties attendant on communication along the only pathway lending into Szechuan, the claim that the need for more facilities way

The schemA

14

SHAREHOLDERS' RIGHTS.

V

Nothing is better calculated to demon-" strate the valus of old Chinese culture. tries would bring business life absolutely than the fact that civil war or any other

to a standstill, has no power to ruffle the palitieni event which in Western coun- The Reglement Transactionnel" men.

their daily tasks unperturbed. If one

numbers: tinned above which was granted to the calm of the Chinese people, who perform Industrial Bank of China, will become further reflects that China effective as soon as both Houses of Parlia400,000,000 inhabitants and that its for- of other countries notwithstanding the ment ratify the law placed before them eign trade as yet represents only £9-per- dearth of communications. When ruil last session, which empowers the. French head (ne against 8.1,000 in Holland), it facilities are available exploitation Government to use the Boxer Indemnity is clear that there are enormous pos in that country with its industrious, in is greater, bere, in view also of the riches will become practicable proposition" for the benefit of creditor of the Iadua sibilities for trade, industry and shipping: now awaiting exploitation and trans-There is not a single modern mine in the trial Bank of China. portation, than in any other part of the whole of Szechuan: yet Von Hichitofen The Agence Economique states that the telligent and peaceable population." world, may be justified. The products of speaks glowingly of its cal resourcex. following is a likely composition of the Szechuan are bottled up like its people In this connection the provincial author board of the new "Société de Gérance "; and its aro. Freight rates are of recesities have had the foresight to establish a Chairman, M. Griolet Directors: MM sity abnormal; hence there are such Mining Bureau to he managed in conjune-Oudot and Chevalier, of the Banque de peculiar situations as was witnessed in tion with affairs of the railway. This is Paris; MM. Grandjean, Furst and China in 1917, when wheat, which during not only to ensure a supply of coal for Audap, of the Banque Française pour le that year was in great demand through the railway but to encourage, the develop Commerce. et Industris. Lepp Pissard, out the world, was selling in Shanghai ment of new micus to supply the needs president of the Banque de la Seine; and for $2.50 to $3 a bushel and in Szechuan of the increasing number of craft now five Chinese directors, among whom are at ten cents. Between Ichang and Chung piring the upper reaches of the Yangtsze. Chow Tre-chi, ex-Premier and Minister As it is nearly 80 per cent, of the price of Finance, and Tai Ming-fon, secretary king, 500 miles of the 1,500 mile course, the cost of freight works out at no less of coal produced along old-fashioned of the Chinese Legation in Paris. than Taely 70 to Taels 100 per ton. Even native liner goes in transportation fees, then the merchant has to rely on junks With the radical reduction of freight

ROAD SCHEMES WANTED. -

CHINA AND THE POPPYTM CULTIVATION.

CRITICISM CALLS FOR NEW INVESTIGATION..

The Walchisopu has made public the reports of the Opium Commissioners sent

to the provinces and special administra tive areas last June to investigate poppy cultivation. These reports, saya Reuters: Fortunately General Peking correspondent, have since been sub.. or coolie labour. The upstream journey charges and the increased prosperity of man takes about six weeks and the difficulties the people in consequence of the indus improve,,..

period when the crops had been harvest- from Ichange to Chungking are of minor trial expansion, there will be an immense Yang's genius for reforms is not limited jected to criticism on the ground that the demand for foreign goods, and a demand to one district. The city of Chungking investigations were carried out at a account when compared with the rapids from 50,000,000 people who have been was in great need of cleansing.

The Chinese Government is now ar farther up the river, while the land jour.eprived of intercourse with western The results (of improvement schemes) ed noy, which takes about a fortnight, is

markets except at extravagant cost in are that within a short period great through hilly, bändit-infested country,

changes have taken place in the outward ranging for an Oplum Investigation Com appearance of the great commercial mittce to make a tour of the provinces Great and special areas at the time when Hower. where cart, loads are unknown. The prer eminently worthy of consideration.

metropolis of the west. land transportation charges between these two places, which have a population of Other activities aiming at the better bunds are to be constructed. A motor the poppy would be in

educational sasociations and anti-opium, half a million each, are at present about provisions of transportation are various road to Chengtu is to be built and aero The Chinese Chambers of Commerce, Taels 130 per ton, or about 10 Tael cents road schemes. Highways radiating from planes are to be brought out west.

Brechyan will certainly take a new societies, including the International Per ton per mile. Although the river the capital will bring. Wanhsien, Kwang charges are much less, cargo frequently yuan, Kwanhsien Yachow, Pachow, and lease of life when General Yang finishes Anti-Opium Association, Peking, are in- arrives at Changtu in a very damaged Chungking within comparatively easy his work. For many more years to come, vited to nominate representatives to ap condition owing to the state of the extrente reach of the trade coming into the treaty however, the only means of conveying the company the Committee. Owing to the reaches of the Yangtze,

port. Much of the activity of the people riches of the Went in exchange for the vast areas separating the regions, where has been multified in recent years by in- riches of this Chinese province will be poppy is cultivated, several sub-com- DEVELOPMENT OF TRANSPORTATION NEEDED..

ternal disturbances, but it seems that the formidable Yangtze but foreign mittees will be appointed. Admiral San The solution of the difficulties under General Yang is inaugurating a new traders have proved that they are willing Chen Ping will be Chairman of the sub- which trade now labours is the develop regime of progress. Commenting on the to spend their money and their brains in committee investigatingFukien and ment of transportation. There are many new power in Western China, recent trying to curb its present intractability Ashu; Mr. Li Kai Shen will hold

The recent bydroplane experiments to similar position for Shensi and Hopch

Mr. Sung Tas Jon for Kansu and Bin- scheries aiming at linking the interior of writer says: the province with the outside world. General Yang is planning to build wards the mouth of the river are a The first of importance is the Hukwang model town near Luchow. A railway is portent that success is not far ahead kang; and Mr. Chen Tao Yuan for Jeho Railway system. This line will eventually projected from Luchow to the salt well Chinese enterprise under the enlightened Suaiyuan. These sub-committees are in connect Peking and Canton with an off about 100 miles in length. Foreign en guidance of General Yang. Sen and for structed to make their investigations in shoot to Changtu. Much money has gineers are Tomoking a purrey His eign pioneering in the fight with the conjunction with the local evil and mili

The Government expresses the hope already been spent on the project, but energies are not confined to internal in Yangtze are both means towards the tary authorities construction work is at the time of writ. provergents; schools are being re-organi ame ends the release from its age-long that the public bodies mentioned above ing held up on account of lack of funds.sed and great encouragement is given to sleep and the circumvention of naturel

na possible, The surveyors have taken their investiga all enterprises that help the people to obstacles which have atunted the growth will nominate their representative as soon

of a trade unparalleled in its possibilition. tions as far into Brechuan as Eweichowfu, (Continted at fool of next column.)