1928-07-04 — Page 3

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RECONSTRUCTION OF CHINA.

WISE POLICY OF ECONOMIC CONFERENCE.

DEMOBILIZATION AND REHABILITATION OF RAILWAYS.'

The National Economie Conference over which Mr. T. V. Soong has been presiding at Shanghai has passed a number of re- solutions which, if carried into effect, should solve China's troubles."

The merchants and bankers evidently propose to take charge of the military, disband all except a standing army of 500,000. and that the demobilized soldiers should be put to work on the railways, canals, ports, etc. The railways are to be put on their feet by Rehabilitation Loan and no unauthorised troops are to use them. There are also a number of admirable resolutions as regards finance, etc.

11

1

It will be interesting to see, whether the militarists, cit on a large scale like Feng Yu Hsiang and Yang Sen or on small scale like the average brigand gang will pile arms and neekly walk off under the orders of Nanking officials.. It is good to know that the Nationalist. Government means well and everyofie Will wish them success in carrying out the policy of the Conference

The North China Daily News describes the Conference of June 26th as follows:-

The resolutions on taxation and guaranteed. This Board is

is to be commerce did not take much dis-elected by public bodies of mer- chants and bankers underwriting cussion. But the question of the the loan. disbandment of troops aroused a desire in almost everyone present; to make a speech. The decision was unanimous that the generals and soldiers, the militarists, had become a burden upon the people

cation,

The plan for the rehabilita tion loan, is as follows:-

A sum of $300,000,000 shall be raised for the purpose of disband- ing soldiers and providing them with productive employment, recon- and that all the other resolution structing, the railways, river conser- would be nullified unless disband-ancy and port development, and, ment were put through successfully if there is a surplus, popular edu- and rapidly. The conference, in one of its resolutions, recommended that the disbandment funds shall be handed by a public Sinking Fund Board of Trustees, to manage the

Committee On Commerce. funds. In a word, the bankers and merchants want to disband the Six resolutions an Tariff Protec. troops. They will not contributetica, Currency Heferit, Facilitation funds for this purpose, only to have them used by some general. `to -strengthen himself.

National Credit To Save.. When the Committee On the National Indebtedness, brought up its resolutions, they were passed without dissent. These business men were interested in saving the national credit and there was no equivocation and no slogans. The only saving phrase was one that,

when loan agreement impaired the sovereign rights of China, the Government shall by negotiation, seek to modify that agreement, That clause, similar to the general desire for the revision of treaties, does not, however, invalidate the agreement until the negotiations have been completed.

of

This fund will be handled by the public Sinking Fund Board Trustees who will control expendi- ture.

HONG KONG POLICE RESERVE.

[ORDERS BY THE HON. ME, A. D. Q WOLFR CM.G., CAPTAIN-SUPER-

· INTENDENT OF POLICE)

Searching Of Police Reservists. The following order issued to the Regular Force by the Hon. Captain | Superintendent of Policé is publish- ed for information of Police Reser- vistá:-

Memo No. 1020-Oficial Badges, Police Reservists:-With refer ence to Mento 165 of the 31st) January, 1025, dealing with the issue of Official Badges to Police, Reservists on qualifying as fully trained members, of the Police Reservo, the 0.8.P. notes with regret that his instructions that every assistance be granted to such Reservista is not being ear ried out satisfactorily. "The Police are hereby notified that in future Police Reservists wearing such badges will be entitled to exemp- tion from search except by 6 European Officer. *

1

"(sd.) E. D. C. WOLF, Captain Superintendent of Police.

June 29th, 1928.

Police Training School,

The weekly classes for Police Reservists as the Police Training School, Kowloon, will be held on Wednesday, July 4th, at p.m. sharp. All members of the Chinese, ludian, and Flying Squad Com panics who have not yet passed Part 11. of Training Course must attend,

Chinase Company.

Advanced men of the Chinese Company to be detailed by the O.C. will parade at the Police, Training" School, Kowloon, on Wednesday, July 4th, at 6 p.m. sharp for ex tended order and baton drill under Inspector Paterson. Dress: Mufti, ride, side-arms, and truncheon to

Le carried.

All recruits of the Chinese Com- of Transportation, Protection of Property of the Business Class, pany will parade at Central Police Station on Thursday, July 6th, at Adjustment of Disputes between Capital and Labour, and Protection 5.30 p.m. sharp for squad drill and and Promotion of Native Goods,rile exercises under Sergt. Condon. recommended by the Committee on

Dreas: Multi. Commerce, were passed after some discussion They are.briefly aum- marized as follows:

(a) Tariff Protection. That the Government should attempt within the shortest possible time to re- cover our National Tariff Autonomy

so as to protect the country's trade and other commercial interests, at the same time abolishing all in jurious internal levics so as to pro mote native trade and industry.

Members of the Chinese Company to be detailed by the O.C. will attend at the Kennedy Road Revol- ver Bange on Sunday, July 8th, for the advanced Revolver Couree under Inspector Booker." Firing will coin- mance at 0 a.m. sharp. Dress:

Mufti. Indian Company.

Strength. Constable R.33 Y. J. Khan is permitted to resign as from June 22nd,

(b) Currency Beform. That the

All recruits of the Indian Com Government should impiately pany will parada at Central Police devise methods for reforming our Station on Thursday, July 5th, at national system of currency so as 5.30 p.m. sharp for squad drill to stabilize the money market and der Bergt. to facilitate our commercial pro- Mufti

'greso.

•

Condon.

Flying Squad.

Dress

Sharpshooter's Company.

After the meeting a representa tive of the North China Daily News, spoke to one of the principal men of the conference. He was asked

(c) Facilitation of Transporta The weekly instructional patrol of "How can you feel assured that

tion That the following instruc- the Hong Kong Section will take the Kuomintang at its Fifth Plenary tions concerning the administration place on Thursday, July 5th. Fall Session and the Nationalist Govern of the Government railways be in at Central Police Station at 5.16 ment will accept your proposals issued to all Government Author-p.m. sharp. Dreas: Khaki. which in effect establish a business ities, especially the Military 50 man's control over the Government that normal operation of the Rail- by controlling its purse string?"

He replied:

"This is a joint conference of the tax-payer, the lender of money to the Government and the collector of taxes It re- presents all the elements which enter into providing the Govern ment with funds. If our resolutions are ignored, where will the Govern- ment get its "money"

The Auo Min News Agency issued a summary of the resolutions in which it was stated:

t

1.-The indebtedness of the Nationalist Government contracted in Hankow and Canton, consisting of Treasury Notes and Central Bank obligations shall be solidated into a single loan to be met by the 2 per cent. Surtax

con-

2. All secured loans, upon which

interest and principal have beca paid up to the present, shall be 3-All inadequate secured loans shall be dealt with by the follow ing procedure:

continued as heretofore.

The Government shall appoint a special commission to investigate the agreement These loans shall then be consolidated into a single tariff revenue. This implies an in

All provincial loans shall be consolidated into a single issue by: cach province, which shall be in structed by the Central Govern ment to provide adequate security for the amortization of the loan.

issue secured on the additional

crease..in the tariff rate.-

Railway Rehabilitation. 6.–All loans secured on railways, and railway receipts shall be paid by the Ministry of Communications, But in view of the unfortunate con- ditions of the railways arising from the civil war, the Ministry of Finance shall create a Rehabilitation Fund, for the purchase of new require ments for the permanent way, rolling stock and other equipment to make it possible for the railways to resume full commercial opera tion,

Part of a rehabilitation loan issue to be raised shall be used for this purpose if ather funds prove in- adequate.R

ways will not be subject to fre- quest interference:

1.That all military authorities be instructed to refrain from interfering with the adminis tration of the railways. -That all cars and rolling stocks be returned to the Railway Administration.

3.That only duly authorized military authorities be allow- ed to negotiate with the Rail- way Administration for trans portation facilities in time of need

4. That all Railways be main

tained in good order, and high oficiency.

Improperly Seized Property,

The regular fortnightly revolver practice will take place at Kennedy Road Rango on Wednesday, July 11th, at 5 p.m. Members will as semble at the range with revolvers, holsters, and belts. Uniforin-op- tional

(Sgd.) W. Kar, A.S.P., Adjutant.

Hong Kong, July 3rd, 1929.

SAIGON RICE MARKET.

STOCKS HELD FOR HIGHER PRICES.

The Compagnie de Commerce & de Navigation d'Extrême-Orient in their report on the rice market (1) Protection of Property of dated Saigon, June 28th, state :-- Business Class. That all private-addy market is easier but sup- owned properties, such as ships, plies are very small as stocks are The rice market continues quiet four-miils, factories, and mines, being held for higher prices. which are now being occupied by the Government, authorities, be im- with very little demand. Prices

have slightly declined..

mediately returned,

anact

(c.) Adjustment of Dispute be-Regarding Brokens, owing to a tween Capital and Labour. That continued demand from the Indian markets the prices keep firm with the Government should Labour Laws governing the or- very small business. The goods are ganization of labour unions; that very scarce owing to lack of busi- the expenses for such unions be nese in white rice.

The total amount of rice export- made public and placed andered from January 1st to June 18th, supervision, and that during the

1928, is 883,428.545 tons against period of illegal strikes, employers 823,749.348 tune in 1927. shall not be responsible for the pay of the strikers.

We quote today white Saigon (1) Protection and Promotion of rice No. 1 25 per cent. brokens round grain Saigon $3.70 per Native Products. That the Govern ment give protection to all home picul of 134 The Lo.b. Saigon;

9. lid. per cwt. fo.b. Saigon industries by exempting them from Ten 6.33 per picul of 134 lbs. 1.0.b. taxation and by according them Saigon. special transportation rates on the White Saigon rice No. 2 sifted Railways,

Japan guality: Saigon #5.85 per The Disbandment Of Troops.pical of 134 lbs. fo.b. Saigon The Committee on National oxid. per cwt Lob. Saigon; penditure introduced the following Yen 5.00 per picul of 134 lbs: Lo.b.

Baigon.

For July-August ehipment. resolutions on the disbandment of troops, which were unanimously passed:

(1) The size of the National Army to be retained should be limited to 50 divisions, of 10,000 men each

(4) The Government should estab lisha Soldier-Labour Reconstruc- tion Commission to take charge of (2) The distribution of the 50 the disbanded soldiers who are to divisions should be determined ache employed for various reconstruc- cording to the need for defence and tion purpose. San Batstic

(5) Both the National and the suppression of brigandage in dif ferent parts of the country, Provincial Governments should de (3) The annual military ex-vota 10 per cent. of its administra penditure should be limited to tive expenses towards, constructive $192,000,000 $120,000,000 for the work, the Central Government to Army and $72,000,000 for the Navy, raise a loan as a sinking fund for Air force, Arsenals, Hitary Edu- reconstruction purposes. cation, military Administrative organs, etc., under the jurisdiction so that amortization of the loans of the Military Council,

Control By Business Mân. The expenditure is to be control: led by a committee consisting of bankets and merchants elected by their own bodies.

A public Sinking Fund Board of Trustees is to be appointed for the purpose of protecting the funds

and interest payments shall be fully (Continued at foot of next colum)

(8) Disbandment of troops should be effected within three monti. from the adoption of the measure by the Government-Kuo Min,

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