1925-09-24 — Page 3

JAPANESE ANTI - BRITISH OUTBURST.

THE HONGKONG DAILY PRESS, THURSDAY, SEPTEMBER 24TH, 1928

PROMOTER OF THE FAMOUS " NISHIHARA LOANS" TO CHINA POURS FORTH HIS WRATH.

BRITAIN SAID TO HAVE DOMINATED

JAPAN.

The author of the su called" Nishibara loans, Mr. Nishihara Kumezo, contributes to the August number of the Diplomatic Review & lung article giving his impressions and sentiments concerning China, where he was travelling lately and the policy which Japan should pursue in regard to that country. In the course of that article the following passage

Occurs

1

politicians are quite clever enough to tell from these weather-cocks, which way the wind blows and to utilise their opportu nities accordingly.

"China's demands against foreigners Chipa kept in time with it. Certainly are now directed chiefly agains; Britain. Mr. Nishihara keeps step with great The indignation of the whole Chinese emphasis. His article is a gross attack people is roused to the utmost at the preson Britain, and this sort of thing has sure which Britain has imposed on them been manufactured for Chinese consump for many years past and her insatiable tien in bulk. As to the total effect of

such propaganda, it may bot be com policy of exploitation, and they are now determined to chastise Britain and demensurate with the effort, but Chinese molish Britain's special privileges and aggressive measures in China

as a blood- offering to China's naucipation. Since the Opium War, Britain has pursued an undisguised aggressive policy in China, subjected her to every unequal treatment, and put the utmost restraints upon ber national power. The establishment of hased territory, the creation of spheres of influence, the control of Customs in- augurated by Britain and some of them privileges enjoyed by Britain exclusive.

It is strange that in "all this we hear not a word of the famous Anglo-Japanese Alliance, which, we bave often been told, 'kept the peace of the Far East for twenty yars. Mr. Nishihara can hardly avoid the historic fact that during tho period of encroachment, Japan was not inactive; but he sticks to it that Britain was the prime mover in all wickedness and aggression, and that Japan followed unwillingly at her heels from force of.

She example

ly, Japan, and other Powers having merely imitated Britain's policy or encroached tipon China at Britain's instigation, As

and circumstances. the prosperity of China may affect Britain's position in the world or at very sorry now and wants to show China least in the Far East, it has been how friendly she really is. Mr. Nishi- Britain's settled policy to hinder China's barn talks of the sacrifices that Japan has made since tho Paris Conference- spontaneous development by indicting prosure and restraints on her and do since the Washington Conference would have been more accurate and he suggests priving her of her welfare and prosperity by exploiting her natural resources. If that this should show China how much China is the victim of unequal inter- better it would be to co-operate with national treatment carried to extreme Japan than to remain associated with lengths, and suffers a worse humilitation the Powers. The statement enggests a and stronger pressure even than Turkey, rather interesting line of thought, how. it is all the result of Britain's policy. "ver, which Mr. Nishihara does not It is also due to British exploitation and pursue, though his own performances. restraints that things are still so un-ggest it. It is this that while the Angio-Japanese Alliance was in force it settled in China and the Chinese peoplo

came to be regarded by the Japanese find it so hard to organise a strong

ag on instrument for aggression against national system."

China, so powerful a combination prevent- ing other Powers from offering any com- ment on any forward move by. Britain, er Japan.

PERTINENT CRITICISM. Bluminating comments on Mr. Nishi- hara's anti-British outburst aro" contain- ed in an editorial in a recent issue of the Japan Chronicle, from which we repro-. duce an extract. After the Shanghai trouble, remarks our contemporary, “the Press in Japan was almost unanimous in its conviction that the Chinese were very much more hostile towards Britain than towards Japan. The papera varied in their estimates of just how much the Chinese liked or disliked the Japanese, but they were unanimous regarding their dislike for Britain; "they were practically unanimous also na regards the desir ability of Japan treating China in this trouble with much more, liberality than Britain would treat her. This being the goosestep of the Frees in Japan, we inay fairly assume that the Japanese Press, in

THE "GENERAL TREND."

RECENT ADVANCES AND DECLINES IN VALUES OF STOCKS.

WHEN JAPAN MADE HAY. During the war Japan had a great op portunity in the Chinese field, and in Gone of her performances was there any lack of the aggressive spirit. Least aggressive outwardly, perhaps, was the policy of which Mr. Nishihara was the protagonist-that of subjugating China by loans. Mr. Nishihara has a "grent deal to say now concerning the need for China to have, Japan's help in develop- meat; but it is well to remember that the Nishihara loans were not for develop ment, but were mainly devoted to the carichucal of corrupt politicians, and contributed in no email measure to the promotion of the Tuchunate system which has played such havoc in China."

FINED

·COMPANY · MEETING.

CHINA PROVIDENT LOAN AND A "JAPANESE VISIT TO BRIGHTON.

སྒྱུ་ MORTGAGE CO., LTD.

The Brighton Herald of July 18th An Extraordinary General Meeting of contains an account of the visit of four Japanese gentlemen to Bighton. Per- The China Provident Loan and Mortgage haps Mayors is an allowable translation Company, Limited, took place at the of the title of the functionaries merv office of Mesra Shewan, Tomes & Co., generally known as Headmen, but there

is no nistry of Health in Japan, and-[ yuterday morning. Mr. R. Shewan we have never heard of the Government presided, and those present were: Messrs sending hondmen abroad on tours of inves- A. H. White and T. G. Weall (Directors), tigation, comments the Japan Chronicle MR. F. Mattingly (Solicitor to the the visitors enjoyed their trip. Though However, Brighton was hospitable, and

Company), Mr. E. M. da Rocha (Secret was a little unfortunate that the only tary), and the following shareholders: Messrs F.A. Brown, B. Souza, W. J. Hawker, W. Morley, H. H. Taylor, D. W. Hunton, Tse Tsan Tai, A. L. Shields, W. J. Carroll, M. A. Figueiredo and Tong Hok Ting,

The Secretary read the notice conven. ing the meeting, and also the following Extraordinary Resolutions:

(1) That the authorised capital of the Company (which is now 86,000,000 consisting of 000,000 shares of the nominal value of $10 each of which 506,247 have been issued) be in creased to $7,500,000 by the creation of 180,000 additional shares of the nominal value of $10 each ranking (subject as hereinafter mentioned) for dividend and in all other respects pari pass with the shares com stituting the Company's present issued capital

one who spoke English was so concise Phs to restrict the expression of kis reactions to....” Fine!" The things they saw at Brighton will, no doubt, inspire then to new efforts in improving the

villages. The story reads:- saitation of their somewhat obscure

Four Japanese Mayors have, through the instrumentality of the Ministry of Health, paid two visits to Brighton dar- ing the past week?"

*ነ

Later the investigators had a conversa tion with Mr. F. H. Toyne on the sub- ject of education.

The visitors were Messrs. Kitsue Ko- yano, Mayur of Masu-Mura: Nakamura Druichiro, Mayor of Tokiwa Nobu Nitta, Mayor of Chigasaki; and Yause Fukuz... wa..Mayor of Akanó and "Vice-President of the National Association of Town and Kayano, ♫ Village Headmon." Mr. particularly genial little gentleman, as being able to speak English with greater facility than his colleagues, was the leader of the party.

on' visit to These gentlemen are Europe to study Western methods of (1) That it is desirable to effect an local government, and they conveyed at

amalgamation of the Company with Brighton a conviction that they are ap the Hongkong Tug and Lighter plying themselves to their task with re- Company, Limited, and that accord-markable energy and enthusiasm ingly (subject to the approval of On Saturday morning they were re- Special Resolution of the share-ceived by the Mayor of Brighton (Aider- holders of that 'Company but not man C. J. Teasdale), who gave them some otherwise) the draft Agreement account of how the local municipality as submitted to this meeting and ex-carried on. As the visitors showed a pressed to be made between that desire to understand how the varied Company" and its Liquidator of the activities of the Corporation are financed, one part and this Company of the the Mayor secured the aid of the otuer part be hereby approved and Borough Accountant. Ir. H. M. Stevens that, the General Managers of this gave lucid exposition of Brighton's "Company be authorised pursuant to finances, and the visitors were presented. Section 185 of the Companies Ordi- with a copy of a handbook on the subject. nance 1911 to enter into an Agree ment with that Company and its Liquidator in the terms of the said draft and to carry the same inte On Wednesday they returned to Brigh- effect with such (if any) modiäcaton, and, under the guidance of Mr. tions as they think expedient. J.. E. Miller, of the Higher Education (3) That the General Managers be at Department, were taken in the Mayor's liberty to allot to the Liquidator of car to see the Secondary Boys' School. the Hongkong Tug and Lighter York-place, the new elementary school Company, Limited, or his nominces in Balfour-road, and the new secondary three of the 10-shares of this Com-school of girls now in course of erection pany (credited as fully paid, up) at Vandeur. During the tour, they made in respect of every five of the notes of matters which they considered issued $10 shares in that Company of special importance. (credited as paid up to the The Balfour road School specially,de- extent of $6) and also for the con-lighted the visitors, who inspected num venience of the said Liquidator to erous specimens of the children's work. issue such fractional certificates as At York-place, the Japanese Mayors the said Liquidator shall think admired a great many examples of handi- necessary or desirable to enable him crafts, including model acroplanes, sub- to divide the said shares in this marines, and torpedo boats. "Company in due proportions among

They were much impressed with the the persons entitled to them. beauty of the surroundings amid which (4) That the shares so alloted to the the new secondary school for girls is nominees of the Liquidator of the rising into being, and were most interest- . Hongkong Tug and Lighter Comed in what they learned as to the ci- Limited, shall rank fortensive purchases of land on the out- dividend and bonus as from the skirts of the town being tuado by the 1st day of January, 1995, and that Corporation. fractional certificates shall confer When a Herald representativo, ap- no right to dividend.

"proached the party on their return to the (5) That such shares if any in this Town Hall he found that they had seen Company as shall be so offered as and heard so much in a short time that aforesaid and declined (but not the they were temporarily almost bewildered. remainder of the new shares of this Asked us to his general impression of Company created by the first pre-Brighton, Mr. Koyano replied "Fine ceding resolution) be disposed of with

pany,

great

in such maner at such time or sincerity. * times and upon such terms as the Company's General Managers shall

in their absolute discretion think fitu

.

beartiness and evident

As we have to create 60,000 New Shares for the purpose of the amalgamation THE CHAIRMAN'S ADDRESS.

which would bring the Capitul up to The CHAIRMAN said: The object of the $6,600,000, we thought we might as Resolutions just read and which are now well take advantage of the opportunity to submitted for your approval is to enable raise the nominal Capital to $7,500,000 case of need in the future. The our Company to take over all the Assels, in Liabilities and Business of the Hongkong Agreement referred to in the Resolutions Tug and Lighter Company, Limited, as is now on the table here and can be * going concern" and in payment inspected by anyone present. therefor to allot the Tug and Lighter The purpose of this Agreement is, of Company, Limited, 60,000 shares of the course, merely to carry out the amalgama- and a proportionately greater advance China Provident Loan and Mortgagetion and for nothing else. The First in Rubber share values; the third bead Company, Limited, of the nominal alue Clause states that the Agreement is 18 that of United States railway stocks of $800,000.-The price at first glance may conditional ou its adoption by the Fur- Passing over the fast named as of circumscem liberal, but we could not build such chaser before the 31st October, 1035, scribed interest, it is refreshing to fuda flect for that price to-day nor can we The Second Class refers to the transfer that 10 British and Indian Funds record wait a year before they are built and of the Assets. The Third, Fourth and aggregate increase in capital value of besides this there is the profit made by Fifth Clauses to the consideration for the 8,600,000 on the month. The investing the Tug and Lighter Company, Limited, transfer, the Sixth states that the shares public will also be gratified to note that this year, which will also be handed over of nine selected Rubber, shares, of a nominal capitalization of £5,400,000, an appreciation in the neighborhood of £9,610,000 has been established during the period under review.

Q

U

DEEZ

N

S

TO-DAY till SATURDAY 2.30, 5.15, 7:15 and 9.15

ANNA Q. NILSSON

AND

MILTON SILLS

REX BEACH'S

THRILLING MELODRAMA

FLOWING

GAL.

p.m

TO-DAY fill SATURDAY

at 5.30 and 9.15 p.m.

T

A

R

VIRGINIA

VALLI

THE PRICE OF PLEASURE.

THE HONGKONG & SHANGHAI HOTELS. LTD."

REPULSE

?

BAY HOTEL

NEW WING,

Reservations on monthly Terms may be made for accommodation in the new Wing of the Repulse Bay Hotel, at the following rates, which are inclusive of motor- coach transportation and meals :—-

DOUBLE ROOM

(Two persons) SINGLE ROOM,

(One person)

Winter rate fi.e. To 31 March 1946).

$400

$280

Summer rate (April–September 1926 inclusive),

$875

$175

Tiffins may be taken either at Repulse Bay or in the Hongkong Hotel.

Each double room has a private bathroom attached, and there is a private bathroom to each two single rooms,

The rooms in the new Wing will be ready for occupation on or before 1st DECEMBER,

1925

but Reservations will be accepted for the

1st NOVEMBER,

1925

at the same rates on the understanding that the residents making such reservations will be accommodated in the "Hongkong Hotel until the rooms reserved in the new.

Wing at Repulse Bay are ready for occupation.

Please communicate with

The Superintendent of Hotels,

The Hongkong & Shanghai Hotels, Ltd. 16, Des Voeur Road Central, HONGKONG.

JAPANESE GOODS,

are liable to escape.acrutiny, as they can' be marketed at home, when they fail to EMBARGO MOOTED ON INFERIOR pass muster as export goods. They are

ARTICLES.

Botsactually disposed of in the homa market, however, but, taking advantage Effective measures should be devised of the absence of an embargo, find their to stop the creeping out of the country way throud to work"mischief to stand-

F

Students of finance, says the Financial Newe, atach more importance to what may be termed the general trend

allotted shall rank for Dividend and Bonu than do the investing public interested

to us to be taken into consideration.

from the 1st January, 1025, but fractional in one or more individual stocks. In

The reason why the Tug and Lighter certificaten shall confer no such right, the the last-named division may be found shareholders alarmed at a reactionary

Company, Limited, is willing to sell and Seventh Clause provides that the transfer we are desirous of buying is that the shall take effect as from the 1st October, tendency in their favourite security.

tendency is for more and more of the 1925, the Eighth for the payinent of sil Nine times out of ten this is due to the

Conversely, iron, coal and steel shares lighterage business to come to us, as, since amounts due to dissentient Shareholders general trend of the particular section involved. When the swing of the pendu of a par value of about £58,300,000 is the boycott and scarcity of labour, storers of the Vendor, by the Ninth the Vendor lum is in the upward direction the same close a fall in value of £1,840,000. Of of cargo have begun to rely on us to do and its Liquidator agree to do all things the Home Railway lesnca falling within the whole business of landing and storing necessary to vest the property in the investors become enthusiastic as to the

the variable-dividend category a shrink. in one transaction rather than lose time Purchaser, the Tenth Clause, gives the aerita of their selected stocks, and are

age of 210,187,000 is recorded, although in going to the one Company for the land- Vendor a lien on all the property until apt to ignore the "general trend.".

It is for this reason that the mixed fixed interest debenture stocks in the ing and to the other for the storing all the monies if any are paid by the of articles that have failed to come upardised articles offered there by self- showing made by the Bankers Magazine same group reveal an appreciation of Lighterage has thus become a part of Purchaser, the Eleventh Clause provides to the standard set, declares the Koht respecting Tapause merchants for August is of exceptional interest. Ite £2,348,000. The well spread Industrial our business and for it Tags and Lighters that if this Agreement is not adopted by Exporters Guild. There are many gap in the law must be stopped, says, the articles subject to official inspection be Guild, if the reputation of Japanese representative list of 385 securities shows securities selected by our authority how must be obtained. As to build is out of both parties before 31st October, 1925, fore shipping abroad. Besides raw silk, goods in bo protneted abroad Accord-

the question, we approached the Tug and either party may rescind the same. a fall of £11,455,000 on the month. Janet aggregato increase of £13,550,000

Lighter Company and the present pro- remaining Clauses are of no special im- the Guild has set up standards for ing to the Tuskin Nippo, I general meet- from mid-June to mid-July, but an Relativé par values have considerable posal is the result

portance, but as I said before the Agree-matches, straw and other braids, marins og of members will be called shortly in zhalysis discloses the fact that this ad- bouring on the fluctuations bovered by

The arrangement is one, which I feelment is lying on the table and can be in products and canned goods, hosiery, order to discuss the subject with a view vance on balemoe, has been attained at the statistics, and in stating that the sure will be for the benefit of the Sharespected. by any Shareholder who cares glassware, brushes, piecegoods, enamelled to secure the co-operation of all in devis the expense of a series of substantial rubber shares indicate a percentage in hoklars of both Companies, and I have to do so.

warc, celluloid manufactures and leading an effective measure.

All this, comments the Japes Chronicle declines of a scational character offset crease of 23.5, a potable feature in any no hesitation in recommending it to you There were no questions, and the Chair-pencils by notable advances.

circumstance, it will be seen that the although as you know I am also interested man proposed the resolutions ons by Of these itexas provisions, such as tartly, is insincero nonsense. If an ex- theory of a general trend" in a parti in the Tug and Lighter Company, being one. All were carried unanimously, the nned goods, are strictly dealt with porter takes care to send sound goods, cular direction is of prime importance in fact its Chairman and it is difficult to seconders, respectively being Messrs. When rejected, they are thrown away by ho need not fear what others do. In to those outside the pale of confidential serve two Masters.

White, Wall, Hawker, Figueiredo and order of the prefectural office, but other fact, he will get the business that the information as to individual movements.

Carroll,

articles, especially piecegoods and bosiery dishonest ones lose.

The latter fall mainly under three heads, two of which prove of material interest to the British public, vizion marked recovery in Gilt-edge securities

(Oontinued on next Column).

The

This