1925-01-15 — Page 4

Henry Heath Hats

'Honding the

Whetstone,

·take a peq

John Begg

The

Scotch Whisky

that has been supplied to all the Royal Palaces for 75 years.

By intens JOHN BÉCS LTD, OLASCOW :

The

10, esdruch LIC.

A Hat of

Distinction

Men who are careful

their appearance of hold Henry Heath Hats in high esteem for comfort and Distinction

HONGKONG ARENTS:

THE HONGKONG DAILY PRESS, THURSDAY, · JANUARY

Mackintosh & Co., Ltd.

MEN'S WEAR SPECIALISTS Alexandra Building. Des Vœux Road.

CHINA'S MINERAL INDUSTRY.

A MORE DELIBERATE GEOLOGICAL EXAMINATION IN PROGRESS. Nowhere are the secondary effects of the progress which has been made in readjusting the financial equilbrium of the chief trading countries of the world likely to be more beneficially felt thin in China; whose trade han felt severely, not merely the restricted buying power of former markets, but an inability to ac comunodate itself readily to the exchange thuetuations which have imported a great measure of uncertainty into international Much has trade relations, generally. been heard of late of civil war in China szale previously unknown, and which owes its possibility largely to Western organization and material. Des.

on

pite this, however, there exists a very considerable amount of optimism regard ing the future, 'states the Mining Journal, Discussing the position with those in touch with recept events, we fad the hope prominent that out of the seeming chaos events are shaping towards a more stable order, in which greater decentrali zation of the Government will make for more satisfactory administration. While

TAKE A PEG maintaining the form of a single State,

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the development of separate spheres of comprising the South; Government, Centre, and the North considered, to be probable, and with the elimination of Wa ei F, whose army has been manoeuvred into an impossible position between Shanhaikwan, and Peking, it is hoped that an agreement between Chang

123

nary commerce.

factor

The

A

15TH,

J.

"IN SHANGHAI,

1025

ments of zine and lead ores showed little TRUSTEE'S RIGHT TO FUNDS. change The total of sine ore was t tons, ngainst 0.97 tons in 1922, while JUDGMENT IN BANKRUPTCY CASE the export of spelter was 26 tons, against LIS tons. This ore and metal seems to have been chiefly derived from Yunnan.

En the British Supreme Court at Shang- The export of lead ore was 4,841 tons. compared with 5,018 tons. and of metal hai on January 8th, His Houair Judge 33 tous, against 687 tons Copper ingots Sir Skinner Turner gave judgment in the and slabs totalled 835 tons, against 308 case recently heard of a motion to deter

172 tons of arsenie, were tons in 1999, exported, mainly troil Changsha u mine the right of the Banque de Flude some bismath from Nanning, but the Chine and the Trustees in bankruptcy of of the latter is not given, and,Dent and. Co.. in a sum of Taels 20,150

Once store, is presumably small. more there is no reference to exports of paid into the Court by order of the French molybdenite, which increases the prob Mixed Court. In giving judgmitat His ability that the large tonnage credited in Honour said:- 1921 was erroneous. Exports of alum were 4.35 tons, compared with 3,813 tons The export of in the previous year.

gum was 7,150 tons, against 7,631 tons in 1984; of potash 171 tons, against, 185 tons in the proving year of realgar 108 tons, compared with 540 tons; of salt 290,623 tons, against 293,909 tons & Frar earlier: of soun 849 tons, against 170

tons.

24

The facts from the evidence, before me are as follows in July, 1929, the Mayar Silk Mills wanted financing, they applied to Dent nad Co., who in the ordiusry

CANTON NEWS.

(FROM OUR CHINESE COEXISPONDENT.]

THE SHIPPING GUILD.

Mr. Yen Jit Man has been elected pre- sident and Mr. Toin Teak Chow, vice-

president, of the Canton Mercantile

Shipping in Canton waters, Shipping Guild for the next two years, possesses uniques interest. There are often 1993-97. found as many as 38 different classes of

inland ports, and two years ago some craft plying between. Canton City and 13.000 vessels of all descriptions were licensed at Canton to engage in trans- pertation trade. These did not include way of business agreed to do this to the the several hundred small-steamers and extent of Tis. 20,000, the Mill giving a launches belonging really to the Chinese security a guaranteed promissory note for but carrying either Portuguese, French, the amount, and a guaranteed Mill re- ceipt covering goods and stock in traile British, or other flags in order to escape in the Mill, and Insurance policies on the unlawful commandeering by the Red. goods. Deat and Co., again in the ordi-Army for military transportation pur- nary way of business, obtained the money from the Banque de l'Indo-Chine, giving poses. Some 38,000 to 30,000 persons are for the engaged in locul native shipping. Dat own promissory note amount, and, as security, the ill re-mentioning those engaged by vessels ceipt and Insurance policies which were fermally mentioned in the memorandum: Hying foreign faga. and enclosing with these documents (but not mentioned in the memorandum) the Silk Mill's promissory note. There is no that the Silk Mill had any know. evidence ledge of the transaction between Dent gallons. gallons. and Co. nod the Bank: there is ample that of the nursing staff and other em 176,523,711 179,70,245 evidence that the Bank knew that Dent ployees of the Canton Municipal Hos 18,763,109 2,916,439 and Co. wanted the money for the Milpital, a Government institution which 4,212,212 5,139,541 and not for themselves. The documents had not paid its servants for nearly eight

nil. 4,274,294 signed by the Mil

THE OIL MARKET.

By far the most important item on the import side was oil. Generally speak ing prices were lowered, and great ac-their tivity by the Standard Q is reported On balance, however, the change in the nounts received from the various im- porting countries were not materially altered. The figures were as follows for kerosena:-

America Sumatra

Borneo Persia Russia Гарап

1920

Am.

258

61,395

1923. Am

were executed in

A STRIKE OF NURSES. Of the many labour strikes in Canton recently not one has been so serious as

Mr. Hu Han Min, acting Generalissimo of the Red Army in Canton, has directed Red offert, Mr. Shea Shoon, to take action against a number of Canton vernacular newspapers which have not. (2) Debts due to estate: Mr. Chu, been wholly Boisbevist in sympathy. In- tinue to realize the gold which they compradore, Tls. 20,000, money collected cluded among them is the Guild"" bought during the period of high-priced by him for Dent and Co. and retained Commercial Journal..

There is nothing in the statement off silver. Last year they had a net export by him. of 5.007 Hk. Tis., valued approximately 4 £30,000. The absorption of silver, affairs to show that these items were however, had continued uninterruptedly connected. since 1917. The net import last year was

R

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ན་

2

A LUCKY FITTER.

FINDS $20.000 OF OPIUM IN SLEEPING CAR

The

424,030 dupliente, and one set only was handed months. Patients without relatives to 11,960 to the Bank, the other set remaining in remove them elsewhere have been left un- The increase in the import of Anglo-the hands of Dent and Co. No notice of Tso Lin, Feng Ye Hsiang and Son Yat Persian kerosene is interesting. Imports any kind was sent by the Bank to the eared for, and only through the efforts Sen may become practicable. Be this as of gasoline increased from 4,816,271 Am. Mill prior to July 23rd, 1921. The pro- of the cooks, who weat to the extent of it may, China, year after year, bas given gallons to 6,307,815 Am. gallons. Immissory notes and other documents are subscribing some $250 of their own money were the helpless ones able to avoid star- the extraordinary spectacle of ports of coal increased from 1,151,302 all dated July 27th, 1929,

Metals were im. About July 13th, 1999, Tent and Co. country supporting civil war while main- tons to 1,366,105 tons.

hospital staffs have been persuaded to taining and actually increasing its ordi-ported on a smaller scale; copper in par four themselves in Enancial dificulties.ation. On humanitarian grounds, the

Particular areas and particular trades ticular fell from 36,721 tons to 15.189 and so informeil the Banque de Chine.

tons. Tin showed an increase in import On July 16th, 192, they presented their resume service. Under ordinary cir

the cumstances,

Municipal Hospital suffer in turn from the depredations of at 3,432 tons, against 3,037 tons, while petition in bankruptcy; a receiving order the soldiery and even from actual cotinplates nearly doubled at 29,334 tous, was made, and the Officia! Receiver, took flict, but for the most part the hundreds of millions of Chinese continue to endea "gainst 15.043 tons. The total for iron charge: he appointed Mr. McLure as should have an annual appropriation of your to wrest a scanty livelihood from and steel was 222,1-13 tons; compared with Special Manager on July 17th, and on bis 235,102. The hospital has facilities when 31,369 tons while galvanised sheets and application on July 31st, 1923, the debtor the soil or from trade, undismayed by wire amounted to 20,835 tons, against was adjudicated bankrupt. On July 27th, in full operation of curing for 120 in- the political and administrative chaos 23,830 tons. Lead amounted La 10.917 at a meeting of creditors, Mr. McLure patients and 200 out patients.

Nickel was uppainted Trustee in the bankruptcy. in the centres of Government; nay, mare,

tons, compared with 7,40 tons. there is increasing appreciation of the increased from 134 tons to 401, tons. In the bankrapt's statement of affairs success of co-operative and joint stock Spelier, however, declined heavily at 434 appear two items: (1) Creditors partly effort, and a willingness to venture col tons, against 2.976 tons Aluminium secured: the Banque de Indo-Chine, the lective capital in the formation of enter (raw and manufactural) totalled 1,964 present applicants, Tls. 20.000 loan brough as to the Mayar Silk Mill, seeur- prises in imitation of Western undertake tons, against 140 tons.

One of the most important branches ed or certain goods to the value of Tis. ngs European capital is welcomed, but in limited participation, and under con of trade in the metals, was the shipment 1,211.38. ditions which safeguard the control of gold and silver, The Chinese con- a large extent in Chinese hands. insistence of the "China for the Chinese

WAR TAX ON-MEDICINES. flea is no doubt likely severely to restrict the rate of expansion, but it arga

The war tax on medicines, levied last certain, independence of thought and be lief in national stability. The may

On July 16th, the Silk Mi paid to Mr. May at Canton but cancelled afterwards.” pressure of the Westers, Powe China has, of Aurse, been temporarily the largest since 1926, und amounted to Chu, described as silk compradore or upon payment of $30,000 as an official removed by the and China fees 67,196 Hik. Tis. The bulk of the addi compradere of Dent and Co., the sum of gift, sometimes called "black money," i that she has little bar now from the tional supply came from America. It is Tis. 20,000 in discharge of their loan, but Application of force by countries which stated in the maritime Customs Report did not, in fact, get the return of the to be reinposed, in violation of the pro- have pressed upon hey in the past อง did Russia, Japan, and Germany in the that the consumption of silver is inerrae documents signed by them in respect of mise not to further assess the druggists north, and at an earlier period Franceing rapidly, and it is explained as being that loan. Mr. Chu did not hand this after the gift. The druggists claim that in Cochin-China. Owing largely to the in all probability due to the continued money to Dent and Co. or to the Official medicine is a necessity and not a luxury, were being made to it, applied to the shops will be ordered by the Druggista civil war China possesses a standing unsettled condition of the interior and Receiver; but an hearing that rival claims and a suspension of business by oil drug.

Jess of faith in paper, with the conse. army estimated at between 400,000 and 800.000 men, together with a very cun-quence that investment savings are put International Mixed Court to enable him tuild, it is said, if the tax is imposed.

the Bank brought an action against bem If this view be siderable supply of modern material, and into svece, which are hoarded during to get rid of it. About the same time the quality of some, at any rate, of the times of disturban

correct and China is appreaching in the French Mixed Court, the proceed- troops would appear from the accounta

period of more stable conditions, it is possings in the Tnternational Mixed Court of recent £ghting to bave been at least

ible that the excessive demand for silver seem to have been transferred to the French Mixed Court, and about July 30th respretable. But it is as a trading and

will be modified far feature which is the money was paid into that Court under not as a fighting community that the Chinese have always excelled, and if only generally noted in China at the present its order. Proceedings went on in that:

Custotas at Harbin recently time is the constant establishment of new it now becomes pussible to develop com factories producing all kinds of goods of Court, the Mayar Silk Mill and the munications on a great scale the latent Fessibilities of China as a world's market foreign type. A tenderey of this kind Trustee in Dent's bankruptcy being tited accidentally made a haul, of aix da ed on appeal, held that it could not decide chuti station... An oller noticed a slight leak in one of the sleeping cars, and a are one of the most favourable trade is bound to militate against the more That Court, and its decision was confum- of opium worth about $20,000 at San

primitive form of hoarding silver as a means of employing capital. The stand. on the ultimate destination of the money: ard of living continues to rise, and there and on November 19th, 1923, the money fitter was called to make repairs.

was formally sent to the Registrar of this fitter discovered a quantity of opium As a mining feld China, save in one is a constant demand for foreign articles Court (with an addition of Tis. 150 fo: hidden in the lavatory partitions and or two minor branches, is not af much the utility, of which is only now being interest), pending adjudication by this at once informed Custonis officials. importance from a world's standpoint. fearned. Conditions such as this lead

matter seems to have been much com. The countr, however, is at last receiving to the circulation and not to the board Court as to the rights of the parties. The plicated by the action taken on behalf of more deliberate geological examination, ing of gold.

the Bank, which resulted in an order to and in this way alone will it be possible

pay the money into the French Court to arrive at a definite idea of her actual

There never were any contractual rela- mineral resources. The coal industry

tions between the Bank and the Mill: continues to develop, and although actual

even if an assignment of the debt hart figures are lacking, the mining adminis

been attempted, no notice was given to tration estimates the outpu: at the pre-

the Mill by the Bank, and its title was sent time as being in the neighbourhood of 30,000,000 tons per year; most of which the

therefore incomplete. The Mill was fully and entitled to pay to its creditors (Dent and

in the absence of any notice from the Co.) and get a clean receipt from them. In addition, it is to be remembered that Bank, the Mill was fully entitled to

The transaction.. the debt from Dent and Co. to the Bank pay Dent and Co. was apt due till that date against Dent between the Bank and the bankrupt,

is then all that has to be considered and Co

A good deal has been said about the and what was that! It is scheduled as being a loan non-endorsement of the Mill's promissory by Dent and Co.

security of certain goods only, too, began the export of manganese ore, The story is not common by any meane, pote by Dent and Co. to the Bank; and on of which 27,235 tons were shipped. Apart in its setting as a film it is said to have about its non-inclusion in the Schedule but is that so? We now know it was 2 from coal, the export of largest value.

face of the fact that the existence of the plus a deposit of documents of title to was tin, of which 7.530 tons were export gained from the printed word. thanks of the Memorandum of Securities. In lonn from the Bank on a promissory note

to the beautiful Cuban scenes. Cuba has fac ed. This figure, however, was less than been described as the tropical gem of note was fully brought to the knowledge certain goods, plus a deposit of in 1922, when the export amounted to the Atlantic, and it is famed for its of the Bank by (1) its deposit with the anteed promissory note. This was hand- 6,3 tons. It is a long time, however, marvellously beautiful vistas and exotic Bank, and (2) the mention of it in theed to the Bank as being security for their since any detailed information has been atmosphere. The tropical scenery of the letter accompanying the Mill receipt, and loan, just as it had been received by Dent. also that the memorandum was renewed and Co. as security for their loan. And available as to the progress of operations island forms the background of the un- on three occasions, can hardly under- when the Mill paid off Dent and Co., as in the Mengtsz mines; and the report usual tale of a love that knew no stand that this non-inclusion and non- they were entitled to do they were en- of the Chinese Maritime Customs con-

endorsement was a mere matter of over- titled to have their documents back, as tents itself with recording the total

sight. I rather expect that it was felt Deat and Co. would have been, had they [metal exported. The Commissioner of

Paramount that this

ular promissory note we paid off the Bank. It seems to me that Customs at Mengtaz (Mr. A. G. Bethell),

do the Trustee cannot be heard to say that same time, I in his annual report, says that parti- picture with Gloria Swanson as star, not negotia cipation by an American syndicate, in- comes to the Queen's Theatre today for not understand why all the documents security given by Dent and Co. as such, volving improved mining methods and four days. The story by Elinor Glyn were signed in duplicate; it may be there and accepted by the Bank as such, is no machinery and standardization of the calls for scenes in beautiful English is a good and sufficient reason for this, security at all: that therefore the Bank slabs, is being considered, adding that homes, and in one get particularly there but none has been given to me. "And it must rank as secured creditors for their the new plan would eliminate the British are innumerable rare and costly articles is not suggested that the Bank was in loan. They must prove as such in the having other security: I know net; and and Japanese middlemen, who have of virtu, paintings of note, ancestral any way aware of the second act of docu-ordinary way; they are scheduled as

portraits for the gallery, quaint and ments.

I hold that the Bank is not entitled to their loan is at 8 per cent and nat B per hitherto been the buyers.

The autimony trade suffered somewhat graceful old furniture, rich draperies

this money by virtue of any assignment cent

As far as the debt is concerned, I agree from military operations in the Chang- and so on."

In the same programme the Manila of the debt by Dent to themselves. But

it was left in the order, disposition and sha district, but the aggregate was ap proximately the same as in the previous Vaudeville Co. make their initial bow this doce vet end the matter What is year. Exports of regulus amounted to to the Hongkong pablic by presenting the position in the bankruptcy of Dent control of Dent and Co., and therefore it 11,494 tons, as compared with 11,568 tona Misses Miami, Dimple and Millie in a and Co. It seems to me that, though falls into the hands of the Trustee, but in 1922, whereas erude was better a62,881 number of the latest songs and dancer, the Bank knew of the existence of the that is not enough for him; the Bank is tons, against 1.578 tons, while org made and Messrs. Dick and Raymond, two Mill and of ita connection with this not only a creditor, but a secured credi This money, there are two separate transactor in the fund now representing the 2,017 tons, compared with 1,816 tons. The well-known American comedians.

Trustee was ordered to pay the taxed export of wolfram, now shown separately company comes with a good reputation Lions to ho considered: a loan from the security,

costs of the action. for the first time, amounted to 3,983 tone, from Manila. Tuy will play here for Bank and a loan from Dent and Co., and

(Continued on next Column) valued approximately at 2132,284, Ship short season only,

THE COUNTRY'S RESOURCES.

CINEMA NOTES.

THE STAR.

THE CORONET,

Rosita," after a cecasful run at Corgnet, will be screened at the Star, is consumed within the country, the ex-in Kowloon, to-day, to-morTOW parts last year amounting to only Saturday. 2,108,652 tons. as compared with 2,377.443 tons in 1929 The production of iron ore

Joseph Hergersheim's romance, "Cythe. Goddess of Love," has been pro. also develops, despite the disturbed non- dition of the country, and there were duced on the screen by First National exported last year 727,781 tons of ore Pictures, and will be shown at the Coronet and 199,808 tons of raw iron. Last year, for the first time to-day.

rea,

bouti ds.

QUEEN'E THEATRE. "Beyond the Rocks,"

لے

The

As the finder is entitled to one-third of the value, the Chinese fitter will prob ably be able to retire on the sum he gets. It seems that the drug came from the East, but owing to the strict watch in Harbin, the owners bad let it go on to the West and intended to attempt to take it off when the train returned to Harbin again.

"

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