1927-07-18 — Page 2

For Lipo

JUST ARRIVED

A. SHIPMENT OF

TUBORG BEER

Purveyors to

The Royal Danish Court. The most popular Danish Beer on the Market.

... 821.40 duty paid.

6. doz. pts.

Sole Agents

THE HONG KONG DAILY PRESS, MONDAY, JULY 18th, 1927.

GANDE, PRICE & CO., LTD.,

Wine and Spirit Merchants.

St. George's Buildings, No. 2, Ice House Street, Tel. Central No. 135.

Hong Kong

(193

GREEN ISLAND CEMENT CO., LTD.

Best Portland Cement.

SHEWAN, TOMES & CO. –

GENERAL MANAGERS,

HONGKONG.'.

THE WORLD'S GAZE

NANKING'S HIGH- HANDED ACTION.

AN EXTRAORDINARY STATE OF AFFAIRS.

(THROUGH REUIRL'S AGENCY.]

PERINO, July 15th.

NANKING'S MILITARY DUKE AND DUCHESS OF

COUNCIL.

FORMALLY INAUGURATED.

[runough BUYER'S AGENDY.]

*

SHANGHM, July 10th.

YORK.

WELCOMED BY THE CITY

OF LONDON,

THE DUKE ON THE TOUR. ---

THROUGH REUTER'S AGENCY.]

.A

LONDON, July 18th. The Duke and Duchess of York

A Nanking message states that With effect from July 1st, the the Military Council of the Nanking Nanking Government has ordered | Government was formally inaugurat the closing of all the Salt Inapeeed to-day, when the membots took had a spontaneous and rousing wel- torate offices within its sphere of the oath of office.

The Finance Minister, Mr. Koo come along crowded streets when influence, thus terminating through- out a large part of the country the Ying Fun, presided, and emphasis driving from Buckingham Palaco to activities of a service which for aed that the functions of the Council pay a ceremonial visit to the City number of years has been one of were similar to those of the Minis-to lunch with the Lord Mayor at the main supports of China's credit. tries of War, Navy and Air of the the Guildhall on the completion of

their Imperial tour. This action line been brought European Governments, including about by the political extremists the functions of the General Staff. in the face of considerable opposi tion from many financiers of their own party, who realised that the nofficial discussions which have been proceeding would have served

18

"Wo have returned home con

The Council embraces the adminis- vinced optimists in the future of tration on all military affairs of the the Empire," declared tho Duke, in country, with the Commander-in-acknowledging an address present-

ed at the Guildhali, Chief subject to its orders.

[BRITISH WIRELESS SERVICE.] The Empire's Growth.

The Commander-in-Chief holds the

a basis for an arrangement supreme military command of the whereby the Southern Anauces armies in the field and troops who would have benefited immediately, are under inarching orders during while the country's credit abroad campaigns, would not be irretrievably damaged.

The Nationalist Armies.

RUGBY, July 16th.

The Duke and Duchess of York were to-day officially welcomed home from their tour, by the City of London,

They drove in state to the Guild- hall through decorated streets, and

Not content with thus indicating The Foreign Minister, Mr. C. C. its intention to abolish all over Wu, on behalf of the Government, Ching a service which forms security stressed the importance of disci for foreign loans amounting ap- pline, "and" pointed out that thewers accorded

great popular proximately to £10,000,000, the Nan-uccess of the Nationalist armies ovation. Eight hundred guests, who king Government is now endeavour- was not only due to the clever included the Prince of Wales, ing to raise on the accurity of the strategy of the commanders and Prince George, the Duke of Con- salt surplus" of Kiangau and loyalty of the soldiers, but also to naught, and Prince and Princess Chekiang alone & Joan of 800,000,000. their good discipline and the co-Arthur of Connaught, participated

The Salt Revenues,

operation of the people in all the in the Guildhall reception, together In view of the existing situation, territories occupied by the troops. with the Prime Minister and other! and the heavy obligations for which He urged continued discipline if Ministers, and leaders of the oppo- the init revenues of the whole coun- the Nationalist troops, after sucsition parties in Parliament. try, under solemn international cessfully establishing the Nationalist

Replying to an address of wel. agratment, already from security, fing in the regions of the Pearlcone, the Duke said they bid re- it is obvious that this security is Yangtag, and Yellow Rivers, were turned convinced optimists about not of the first class. It is pointed to gain their final objective and the future of the Empire. out here that there is less excuse water their horses on the banks of

for this action of the Nanking the Amur. Government, even from the point of view of Nationalist policy, in that the Salt Inspectorate is not a fareign organisation imposed on China, but was-constituted by an

TURNS POLITICALLY, ECONOMICALLY, ARTISTICALLY TOWARDS agreement freely entered into by the

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the Chinese Government, and highly profitable to Chica until its peaceful operation was interrupted by the militarists, and in the Inspectorate. service the principal of absolute equality between Chinese and for- eigners in respect of powers, respon- sibilities and privileges, has been strictly maintained throughout.

The salt taxes in the south will in future be collected by the minecs of the Nanking Governe meat, who are already cjucting the officers of the Inspectorate from their functions. There seems to be no alternative in the very near future to paying off the Inspec- torate, with the exception of a small nuelous throughout the south.

The

He added that the Council must make the armies in truth and in fact an army of the people,”

Mr. Wu Tsz Hui, who represented the Kuomintang, and Mr. Hu Han Min, replied for the new Council.

Marshal Chiang Kai Shek, General Ho Ying Yam and other members of the Council were present.

.

MURDER OF COMMUNIST

AGENTS IN RUSSIA,

(THROUGH RSU CER'S AGENCY.)

RIGA, July 10th.

The Soviet authorities continue to report mysterious fires and exple sions and acts of violence including many murders of Communist agenta especially in the provinces.

The

BLUE FUNNEL LINE

SUMMER CRUISES 1927

To Shanghai, Tsingtau, Woi-Hai-Wei, Taku (for Tientsin & Peking), Dairen and return to Hong Kong,

Arrive Tsingtao Leave Tsingtao Ative. Weihaiwei Leave Weihaiwei

Arrive Chefoo Leave Ohefoo

**ANTENOR" "HEUTOR"

** AENEAS'

11,174 tons, 11,198 tons. 10,058 tons.

Loaye Hong Kong Atrive

July 22nd

Aug. 20th Sept. 28th

25th

29th Oct. 1st

27th

31st

8th

29th

Sopt. 2nd

29th

2nd

30th

3rd

"Oth

3rl

172

301h

Aug. Jat

4th

Bth

4th

8th

9th H

10th

Dairen

18th

15th

11

Arrive Taka Bar Leave Taku Bar

19th

16th

20th

18th

Αντίνο

Aug. 10th

Zlat

19th

Loare

10th

19th

Arrive Lpave

11th

22ad

20th

Tsingtao

19th

23rd

Sist

+

Afrive Shanghai

*14th

25th

22nd

L

20th

Oct. Tit

28th

23rd

4th

31st

**

Arrivo Taku Bar (for

Tontzin & Foking) Leavy Taku Bar

Arrive Chingwangtao

Leave Chingwangtao Arrive Dairon

Leave

Leave Bhanghai Arrive Hong Kong

For Further Particulars, Apply to:

BUTTERFIELD & SWIRE,

AGENTS. Telephone Central 36.

HONG KONG STOCK EXCHANGE.

CLOSING QUOTATIONS.

JULY 16TH, 1997,

$1,000 buy. London...115 nom.

£20 som

...elanum. £9 buy, Jo Hom

"We have had a wonderful time. The last six months have been for both of us the most interesting and most memorable in our lives, A. Bank

Do But it is good to be in the old coun- Chartered Bank try again, in our own home and Mercantile Bank, A&B...831 nom.

Do with our own family. My first and

P. & O. Bank foremost impression of the tour is East Asia Bank... the wonderful loyalty of all classes Canton Insurance....... 1020 sel to the Throne and Empire, and China Underwriters....$0.80 nom.

North Chmi 15.11. 143 buy, their affection for the Mother Union insurance 475 buy, 280 sel Country, which they still call home. Tangtare insurance $30 nom

Ohian Firy Insurance $210-buy- My second great impression is the Hong Kong Fire Lhe....

$800 sel. $32.buy. Dongleses marvellous development which bas taken place in Australia and New Steamboat.

g Kong Toge Horgo

$1.10.nom. Zealand within three generations.'

130 nom. Indo-Chinas (Prof.).

Do. (Def.) $48 buy. Discussing the desire for a larger Shell Transports...... population, in which the people of Star Ferries... both Dominions were united, he said: Waterpost*****

Ulina bugars both countries were determined that Malabon Bugara the future population must be of Bengnels

Kailan Mining åder British stock. The question of over-

Laskets (combined). 170. (single) scas Empire settlement was one of the most important of the present s'ha Explorations....... 34 nom.

Ts. of non time, and he suggested that wise Shanghai Losus......

$ now. .19/8 nom. Ural Caspian and progressive development of mig. Tronoh Mine ration "would best be achieved by H.K. & K. Wharts

Baube

·A sonding home few successful H.K&W. Docks...

"Properly Protected." -" I don't understand Mr. Chien's staff in Kiangau alone amounts to statement that the loans secured on several hundred

salt were properly protected. An "Incomprehensible Step." amount at present held in the banks settlers and their wives, who had banglows.....

New bagineerings. been in the country for five years, | Shanghai Books PEKING, July 16th. at the Chief Inspector's disposal is

Utols Hands to tell intending omigrants the true H.K.&.

H.K. Mr. Hussey Freke, Inspector- 83,290,000. Foreign loan payments

facts.

Hong Kong Healty. General of the Salt Gabelle, in a due from salt revenue in September statement with reference to the are $6,500,000. There appears no

PALESTINE EARTHQUAKE, Humphreys Estates. interview with Mr. Y. M. Chien said likelihood of making good the differ it was true that the Nanking Gov-ence in the next six months. ernment issued an order abolishing all the district inspectoraton of the Salt Revenue department in areas under their control.

These were established under the specifific provisions of Article V. of

"I leave the Sino-foreign inves tors to draw their own conclusiona. The districts under the control of Nanking are not contributing a single dollars towards the loan served by the salt revenue. On the

"OFFICIAL STATEMENT.

{THROUGH REVTER'S AGENOT.)

JERUSALEM, July 16th.

H.K. Territoriala

.352 nom.

EXCHANGE.

ULOSING QUOTATIONS,

Ox Lowno-

July 16th, 1927.

Telegraphic Transfer ***.1) 11 F** Bank Bills, on demand...1/11 15/16 Bank Hills, at 30 days aight

Bank Bills; at 4 months'

Bight

Credita, até months' sight 2/0 15/16 Documentary Bills,

Os the sight...

Bank Bills, on demand

1.1 1/16.

***

1,235 Credità, 4 months sight ... 1,810

YORK

OF NEW

Bank Bills, on demand

ON BOMBAY.

48

Orodite, at t days' sight...

50

Tennifer...

demand...) 133}

CAROU

Telegraphic

Transfer

Bank Billa, on ensand...) 1934 ON BHANGUAL

ON

981. num.

id buy.

32

$1.70 bay. 40/ buy.

Th. 19 com.

839

now.

.5/- nom

$18

Buy,

Hum

Tla. 147 bay:

118.

5 nom.

ii. 971⁄2 Lom.

buy. Bel

3) nom.

дош

Prince's Buildings...ie Bursi LandN

şit nom.. Ewo Cotious

Th..7.35 nom. ..Tis. 1.43 buy, Orientals Shanghai Collons (old)...I'ls, si se).

Do. (now)......Tle. 25) nom, - China

Buse

7 buy H.K. Tramways...$20.56 hom Peat Trim (old)

$15 eel.

Do.

It is officially stated that the Singapore Tractions 10/2 buy.

the Reorganisation Loan Agreement contrary they are using the security earthquake resulted in 192 deaths Tax

Amusementes, 192 bays of 1913 as part of the machinery for pledged as a prior obligation to in Palestine, 88 in Trans-Jordania Canton Toes

wards the floating of a new loan of and nearly a thousand other casual-Cements (combined) 300,000,000, at the same time in-ties in both territorius.

Do

the collection of the salt revenue

Do (old), 0.60 nom. of the whole of China which under

Do (new)l set:

$12.90 buy that and previous loan agreements dicating their intention to abolish. Half of Ramleh and Lydda and a China Lights (consis).

131 el with foreign banks was pledged as the service which has been one of third of Nablus must be rebuilt.

(old)......$10k pom. (new).....‡ nom security for the loans of which the the the main supports of China's Two years will be required to re- amount outstanding of which the credit and which was founded on a pair the havoc. A general relief China Providents. 14 buy. Constructions.....38.80 sol. amount outstanding was approxi- solemn undertaking with the Chin- fund has been opened.

Dairy Farms..... 815 nou. mately £40,000,000,

ese Government. This action is

Der & Wings H.K. Electrics Until satisfactory provision was more regrettable as the service has, made by the Chief Inspectors for I think under my distinguished pre-

the service loans, the question could not be one of a salt surplus.

docessors, achieved results which have been of the greatest benefit "I can only regret the repudia to China and which have provided tion by the Southern authorities of an example. as to what can ho the agreement froely entered into accomplished by Sino-foreign col by the Government of united China leagues, whose powers, respon- with the bank and investors of five sibilities and privileges within the forcign powers. Their action is service have been in all respects mpre incomprehensible as every equal.": provincial Government has in recent years benefited largely from the salt revenue collections made under the district inspectors' supervision as soon as the loan obligation had been met," said the Inspector-General. (Continued on next Oolumn.)

Cali on Premier..

BOLIVIAN PLOT.

ARREST OF PROMINENT

RESIDENTS.

(THROUGH REUTER'S AGENCY.]

LA PAZ, July 16th. An official communiqué states that a revolutionary plot has been discovered here. A number of pro-

Macao Electrics H.K. Roper (old)

30 nom.

..$10 adi.

buy

813

Doli.

87.sel

$10 nom.

... nom.

SAU nom.

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DOM, BJBinal,

Sil now. 2 num.

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OVER HALF ABUNTURY, KÖPUTATION EYYUBTLET FÖR THE

O LECLERC'S LIVRESIDNEYSE 11220133 Sor Danza of the Exportant

ÜSILIS, GRAVEL, BACKAGER, GOD, MAMMATING, PRIS: O. Lending Ozmemes, on Fed For JL Camo Mxo, Où, Hararabook Std J. W.

YES,

It is understood that the minis-minent Bolivians have been arrest ters connected with the reorganisa. cd including Jose Villanueva, whose tion loan called on the Premier this election as President of Bolivia in afternoon in connection with the 1025 was annulled before he took Nanking action regarding the Salt office, and Gustave Navarro, a pro-BLE CLERE'S AIZMA, PEDR Gabelle..

minent. Communist.

DALE GLERO'S 20

DE EX GLEESE COAFUL & Tablet

Bank Billa, at sight

пол

971

120

nom.

- 951

30 daye sight...! ON YOKOHAMnderaud... 102 OR MANILA-On demand -41 ON SINGAPORE,On demand... On Batavia-On démand ON HAIPHONG-On demand... ON SAIGON-On demand Ox Baneior-On demand Sovanie, Bank's Buying rata 89.70 Goto Laar, 100 fine, per fisel... BAR SILVER, per oz.

•

203

EXCHANGE RATES.

(BRITISH WIRELESS SERVICE.]

Paris Brussole

Amsterdam Stockholm

Ruosy, July 15th.

124

34.92

12.25

18.13.

Oslo

18.80

Prague

-1637

Madrid

28.943

Athens

365

Rio

Bombay

New York

1.857

Genera Berlin

25.221

20.45

Copenhagen

18.16

34,47

1827

Vienne Helsingfors Lisbon

Bucharest

Buenos Aires

Yokohama

Shanghai

Hong Kong

5.27/32 110%.

2.7710

795

47.49/64 1/11.5/16

2/01

2/01

Silver spot & forward 253

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