1927-08-15 — Page 5

Page

THE HONG KONG DAILY PRESS, MONDAY, AUGUST 15th, 1927.

THE POSITION OF NATIONALIST CHINA. FINANCIAL

CHIANG KAI SHEK.

1

INTRIGUERS BUSY.

STRUGGLE FOR THE ARSENAL.

OFFICIAL STATEMENTS. *

THE AIMS. OF THE

KUOMINTANG..

We have received a small booklet entitled "Nationalist China" from (FROM OCE, CHÍNÈBE CORRESPONDENT.] the Secretariat of the Kuomintang

Political opportunists in Canton during the last few days have been General intriguing to eliminate Chiang Kai Shek from Southern China politics. The next stop will probably be a struggle for power among the petty robber-militarista now controlling different sections of Kwangtung.

Canton has been full

of reports of the expected retire- ment of Generai Chiang from the military dictatorship in Nanking. To test the strength of his influence in Carton, attempts are being made to obtain control of the Kwangtung' Arsenal and to disband some of the newly formed regiments of General Chien Tà Chun who is a personal friend of General Chiang. The re- cent taking over of the Arsenal by General Li Tsai Hain's men

At

through the Canton Branch of the Central Political Council by whom it is published.

REFORMS.

WHAT, THE NATIONALIST GOVERNMENT WILL DO!

A $60,000,000 DEFICIT.

00

CANTON, August 13th, 1997, The Financial Conference com voked by the Nationalist Govern-

at Nanking began mont June gend, and lasted Ave days. The object of this gather- is to give our foreign friends ing whh to get together all the an intelligent insight into the Anancial administrators of the recent Nationalist movement of

Tas 'object of the pamphlet, says the "preface,

China. It is hoped that with provinces under the jurisdiction of better International understand.

ing between China and the World the Kuomintang to discuss the Powers, genuine good-will and

20

sympathy will exist, and Justice question of raising money for carry- and Liberty will finally triumphing on the Northern Expedition. in this world of ours."

Altogether thirty delegates werd present representing five provinces. Kiangsu, Chekiang, Anhui, Fakien and Ewangtung The decisions ar rived at may be roughly classified into two headings: (1) the Tem

and (2), the measures; porary Fondamental measures.

We whole-heartedly and sincerely re-echo those sentiments.

Among the contents of the book. Jet arc: Dr Sun, Yat Sen's part- ing message; Marshal Chiang Kai Shek's proclamation announcing the policy of the Nationalist Govern. ment at Nanking; the statement of Foreign Policy issued by Dr. C. C. Wa; Mr. Wu Ching Han's document to the Central Control Committee of the Kuomintang of Shekeheng has already been re-China; the official statement by the ferred to in this column. During Kuomintang of the "Ching Tong the week-end, General Chien was

the movement for purging the told to stop recruiting bandita for

Party of undesirable elements; his proposed corps. General Chien Marshal Chiang Kai Shek's mani was premised & corps commander-

festo to the Nation; Marshal Feng ship by Chiang several weeks ago.

Yu Hsiang's telegram to Hankow Followers of Mr. Sun Fo now

and many other interesting state- elaim he has never been seriously

monta and reports. affiliated with General Chiang Kai Shek and that his latest denounce. ment of Chiang as a betrayer of the Kuomintang Party does not 'constitute an act of treason against his latest master and chief. Mr. Sun Fo and others were turned out of the Farty, both at Caaten and -Nanking, when he was still follow.

ing M. Borodin several weeks ago, Later he declared himself an "anti Red," and General Chiang with- drew an order for his arrest.

Effect of Losing Borödin and Chiang Ka! Shek.

"

hé

VOLUNTEER COLOUR FUND:

PRESENTATION OF THE FLAG.

APPEAL TO THE LADIES OF HONG KONG.

LETTER FROM LADY CLEMENTI.

BANKRUPTCY COURT.

OVER SEVEN LAKHS LIABILITIES,

CLAIMS FROM JAVA.

Before the acting Chief Justice | (Mr": Justice J. R. Wood), the managing partner of the Kong Wing Hing arm, at 25, Des Vaux Road West, was publicly examined as to the firm's dealings with their The following letter has been reagents in Java relative to the sugar.

business. ceived from Lady Clementi:

The liabilities the debtor firm Sir,The Hong Kong Volunteer are placed at over soven lakhs. The Defence Corps having been grant-managing partner said that the firin ed its regimental colour, it has

been thought that it would be a had a branch office in Shanghai and Etting thing if the flag were pre-buying was done through agents in septed by the ladies of Hong Java and the sugar sold in Hong. Kong.

Kong.

The design, which has been drawn by Mr. H, W. Bird, is based on the colour of the old Hong Kong Regiment, now in the Cathedral, and the approximate cost will be $700.

Mr. E. L. Agassiz (Official Receiver) Debtor was closely examined by

He stated that he had deposited as to claims against him in Java. with the Kwong On firm in Java the sum of two lakhs as deposit. This firm has also gone into bank- ruptcy. Debtor was also questioned as to the dealings of the Kwang On

It is desired to raise this sum in subscriptions of from 1 to 35 Any of the ladies, whose names appear below, will be glad to firm in Java and their debts. Ha receive subscriptions and I hope said that the dealings of this firm the women of Hong Kong realizin Jave had nothing to do with the ing what we owe to our Volun: Hong Kong Office. teers will enable us to collect the amount required before the 31st of this month...

Yours truly, PENELOPE CLEMENTÍ.

In the course of further examina tion debtor stated that his deposit in Jara was not sufficient to cover his debts to the Kwong On" which were considerably in excess.

Asked why, he had not included a list of the amounts owing in Java in his statement of affairs of the Hong Kong firm, debtor stated that there were difficulties in making out the account owing to the exchange.

1-Temporary Measures. According to the estimate pre-

It would indeed be a gracefal sented by General Chiang Kai Shek to the Conference, about 14 tribute for the ladies of the Colony to present the Regimental Colour million dollars were formerly re- quired every month for military to the Volunteers and we feel sure

Proposed To Pay 50 Per Cent and administrative expenses. Now that this present appeal will meet

Debtor persisted that in respect as the expendition is steadily pro- with avery wide-spread response. gressing and the controlled areas There should be no difficulty at all of transactions with Java, the the goods were brought on Kwang. have been enlarged, it is calculatin raising $700 through small dona Kwong On firm was liable and that Questioned with ed that the monthly expenditure tions before the end of the present On's own behalf.

month.

regard to certain transactions, will be about 20 millions.

Ladies collecting for the Colour debtor stated that the goods had not actually been taken delivery of There are three ways in which Fund are:-Mrs. Alabaster, 266, The They were bought forward as to raise this sum: (1) To stop the

Peak; Lady Chow, 7, Excelsior Ter-speculation. His (debtor's),firm arbitrary detention of the central

race; Mrs. Cock, "Saltash," King's was not liable, but the Kwang On.

Debtor stated that he kept a re- revenues by the provincial govern- ments; (2) To see that what is due Park, Kowloon; Mrs. Crawford, 11, cord in his books on the various

Carnarvon Buildings, Kowloon; transactions. Mrs. F. C. Hall, 607, The Peak; Mrs. Hynes, 355, The Peak; Mrs.

"The Kuomintang programme," ays the pamphlet, may summarised 45 anti-militarism, anti-imperialism and social re- form. Throughout Nationalist mitted punctually; (3) To see that

to the Central Government from the Provincial Governments is re-

China,

the Kuomintang, which the new taxes enacted by the Cen-Ho Leung, 15, Kennedy Road; Mrs.

constitutes 'the brain and nervous

While they are too low.

All Agreed!

Roza, 3, May Road; Mrs. Southern, 3. The Peak Mrs. Templeton,

Cornhul," Quarry Bay.

AL

The Oficial Receiver asked how it was that the firm kept a record of transactions which debtor now Debtor replied that although the stated did not concern them. Kwong On firm on their own behalf, the debtor introduced the business and a record was kept.

It was pointed out to debtor that the proposed scheme of composition by which it had been proposed, to pay 50 per cent, would be consider ably affected by his disclosures now. The ease was adjourned until the with regard to debts in Java: 20th-inst.

system of Chins is making itself, tral Government shall be speedily Kotewall, 67, Conduit Road; Mrs. actual business was done by the felt as a liberating, energizing and enforced and old ones increased, if Roffey, The University Mrs. da elevating force.

is contriving to Nationalist China is solve her serious problems in this great National movement for Uniication, Liberty and Recon. struction, it is earnestly hoped that the World Powers will be solidly against armed intervention. in the internal affairs of China. Thus along the path of National Progress will dawn a new ChiDA, unified in thought and action and imbibed with noble principles and sublime purposes which will make for the world peace and brother hood."

The recent withdrawal of M. Borodia from Hankow and the pos There is no doubt that every for. sible retirement of Chiang Kai Shek cigner in China is anxiously wait- from the Nanking leadership may ing for that dawn.

bring the Nunking and Hankow factions together, under the leader- ship of Feng Yu Halang. This pos- sibility is being widely discussed in Chinese circles. But the departure

Leading organizations in Cantor were summoned to the Kuomintang Headquarters yesterday, and asked to pass the usual "anti-imperial

All the delegates agreed with thest proposals and the resolution was un- animously passed. The new taxes, are on gasoline and cigarettes at the rates of $1.60 per tin and 18 per cent. of the selling price, zes pectively. The original Tobacco and Wine Taxes at the rate of 15 per cent. of the selling price will be imposed as usual

mitted

Che-

The estimated annual receipts which the Government may expect to have, will be as follows (from the four provinces of Kiangsu, kiang, Anhui and Fukien) (1) Estimated sum re- (2) Customs Revenue.. (4) Cigarette Tax (3) Sait Sorplus..... of Chiang, and Borodin will not, it iat" resolutions and to support the (5) Gasoline Tax

(8) Tobacco and Wine

Tax is said, strengthen the Komin tari autonomy measures proposed tang, unless it will return to the to be enforced on September 1st. (7) Opium Suppression policy of ten years ago, when con- These demonstrations are being (e) Stamp Tax stitutionalism was its chief plank. staged so that propagandist writers (0) Parcel Tax The Kuomintang then called for the will be able with a clear conscience to say that "all the people are restoration of the Constitution with behind the movement to abolish 4 National Assembly, comprising Liking and increase the Customs representatives of the" peopic."

duty.

Revenue

Total

Tutal administrativ

expenditure of the provinces. ***-*-* Total due to be re-

mitted

$34,050,000 $81,838,000

1.-Fundamental Measures. In view of the present confused condition of the finances în China, the Ministry of Finance is deter- mined to carry out fundamental schemes of reform so as to bring the financial condition of the country back to normal, These schemes may ba, classified into two main parts: (1) To separate the national from the provincial revenue; (2) to abolish the likin

¡H

LOCAL IMPORTS.

FORTNIGHTLY PRICE OUR-

RENT AND "MARKET REPORT.

BY HONG KONG GENERAL CHAMBER OF COMMERCE,

Cotton Pieces Goods and Fanies Catton Goods. No improvement since last reporting. The latest quotations are those at the 10th instant:-Eg. Skel. 20.05d. Mid. Amer. Spot" 10,490.,

Quotations are parely nommal:- No. 10. 8185/185; No. 12 8185/180; No. 188. 8185/190; No. 208. $100/195. Arrivals: N. Shipments: Fi. Sales: N..

gains: 12,800 bales.

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WE

According to the old custom the

The fortnightly price current and National Revenues are chiefly derivmarket report, published by the Hong Kong General Chamber of ed from the additional rates in

Commerce, dealing with imports, =820,870,000

7,674,000 existing provincial taxes. The states 29,100,000 nation as a whole has no tax imposed 24,000,000 on all provinces alike, but a certain

4,900,000

percentage is deducted from each 8,000,000 provincial revenue and remitted to This the Central Government

Cotton Yarn-In, the early part 3,000,000 100,000 mikes it absolutely impossible to of the fortnight our milket ruled 2,000,000 estimate the exact amount they are somewhat easier, but the news of the heavy advances in raw material likely to receive as it depends upon has strengthened its position and a 8115,744,0

the Amount of the provincial reimmited business has -- best - put vennes, which in turn depend how through at rates alightly higher mitch the provincial anthorities are than the previous ones. willing to report having collected.

When the political situation of the country is disturbed, the provincial The above figures do not include governments usually detain the Kwangtung and Kwangai. From the whole revenue and refuse to remit be a single cant to Central Govern former alone $40,000,000 may collected annually. But since the ment, thus cutting off the supply of commencement at the Northern Ex- the latter. So in order to make de-ings on kecount of Brmer prices at pedition, it has been contributing finite estimates of both the national $4,646,000 monthly towards the war and provincial incomes and to sate expenses without cessation. From guard the former against political the above estimates, the Centrál chaos, it is absolutely necessary to Government will probably be able have the national and provincial ta collect $65,000,000 in the latter taxes determined and separated. There is absolutely no truth in half of this year. For the same Plans for this purpose were for

Flour Market Report Stock!. the rumour that the Kuomintang period, however, its military ex-malated by the Ministry of Finance

110,000 sacks; Australian, 40,000 leaders have appropriated the funds penses will amount to no less than and passed by the Financial Con- American, 300,000 sacks) Canadian, Hereafter the national taxes shall sacks; Total 460,000 sacks Market: Very weak. Practically no sales. about #60,000,000; To make it good, raised to relieve the unemployed $120,000,000, that is, a defect of ference. workers connected with the general labour officialdom and

$60,000,000 worth of Domestic Bonds include: (1) Subsidies from different Quotations American Patent, atrike of 1923 from military pur-fittin

Was proposed to be issued, and provinces; (2) Customs Revenue 8435-140 per sack;

85.15-3,45 peysuck Straight Canton In September,..

Passed by the Financial Conference (5) Tobacco and Wine taxes; (4) American Cut off $3.20-2.70 per poser This has been proclaimed Christian College will open under by those in authority, But the put bond redeemable in five Cigarette tax (5) Gasoline tax. As sack; Australian No. 1, 88,48-3.68 the name of Lingaan University, employed are still asking why they will be sold to the different to the provincial taxes the Land per sack: Canadian Cut off, 33.15- 23.12-3.17 per sack; Canadian Mix- provinces at 8 per cent discount Tax is the most important. Why is 3.20 per anck; Canadian Straight, Board of Directors commoney collected for their benefit

has not been paid to them.

and 7 per cent, rate of interest with it assigned to province 1 It is beture, 83.05-220 per sack; Canadian-Philip posed of Chimeso. The institution

The Kuomintang Anancial authori- the receipts either from Cigarette cause it requires complex machinery 2nd Clear, 83.00 per sack

Widdow Glass Market Steady. was founded by American mission-ties are to lory another new tax, Tax or from the Balt Burplas for for collection and consequently it Sugar-Market declining...

16 pore suitable provincial adBaltpetre. Stocks 16,000 bag aries more than twenty years ago, this time a production-tax on all security.

Vor dail market, timos liel-zovor (Continued on next Column.) products leaving Chinese factories.

"Red"

The Christian Dollège. The large group of workers who have been attacking the Canton Christian College and forced it to close because of its refusal to accept the "protection" of the officials then in power in Canton, is to be expelled from the institu- altogether. The new govern body have received assurances from the present Kuomintang lead- ers in Canton that their work will no longer be interfered with by

petty tyranny.

The épidemic of cholers in Cón- ton City continued unabated, des pite the efforts of the Municips! Department of Public Health to fight it. The Police are sanisting in the work; and the Water Works Authority have been instructed to open their street mains one hour a day so that those habitually using wells may get water from a supply which is examined daily.

Those Funds for Unemployed)

These

(Continued on seal Column.)

ministration.

Unsold stocks 8,000 balea Bar

Woollens--Some enquiry Wool, Venetians, Izstings and Overcoatings but very small book-

Haw, Cottons Nothing doing.... Hone and the drop in Exchange,

Metela-Prices remain much as last quoted Businesi gerally

it dificult to get quiet Lower exchange, hu made do any further bear satisfied with their stocks, for the

new offers. time being show little interest in

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