1930-03-04 — Page 6

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THE HONG KONG DAILY PRESS TUESDAY, MARCH 4, 1930.

HELP FOR FARMERS IN THE NEW TERRITORIES.

MR. J. A. FRAZER'S PLEA FOR CO-OPERATIVE CREDIT SOCIETIES.

INDIA'S EXAMPLE CITED.

An interesting plan to secare funds and provide protection for farmers in the New Territories was suggested by Mr. J. A. Fraser, Vice-Chairman of the New Territories Agricultural Show, at a meeting held at Tong Ying Hok Po, Sir Robert Ho Tung's Ex- perimental Farm, Sheungshui, on Saturday. Plans far the forma tion of the New Agricultural Association, recently approved by the Government, and for which a grant of $2,000 annually has been rade for current expenditure, were also discussed. The Articles of Association, it is hoped, will be put into official shape béfore long.

“TEXACO'S" NEW ENTERPRISE.

DERBY SWEEP. TICKETS.

GODOWNS AT TSUN WAN. OFFICIALS OF TWO CLUBS

YESTERDAY'S LAND SALES.

Four pieces of land were put up for public auction at the Crown

SUMMONED

HEARING NEXT WEEK,

Tue Chinese institutions-The Lands Offices yesterday and one, Chung Shing Benevolent Society Tu Wa Marine Lot 1, situate and the Association of Suilamese

rear Tsun Wan, D.D. 448, which has an area of about 329,000 sq. ft. with an annual rental of $1,9s, fell under the hammer to The Texas Company (China), Ltd., for $10,500.

1,

OUTRAGES ON MISSIONS.

BISHOP VALTORTA'S STATEMENT.

TRAGEDIES OF WHICH THE PUBLIC HEARS NOTHING.

The Rt. Rev. Bishop Valtorta in an interview with a Daily Press re-

who issued sweep tickets on the presentative" said that he had not Hong Kong Derby are involved in received any information of the of the reported murder of the Rev., Father summonses arising out issuing of auch tickets:

Mr. W. D. Owens and Mr. G. S. Barriere and other priests in the On calling at the local office of Hugh-Jones were present at the Lung Chow district of Kwangsi,

His Lordabip said that he was The Texas Company (China), Ltd, Central Magistracy yesterday to our representative was advised that represent officials of these institu the tract of land purchased is for tions, Mr. L. H. V. Booth, A.S.P., very grieved indeed to hear of i second outrage within such a short In answer to the Magistrate (Mr. space of time, but attacks on storage facilities in keeping with the steady expansion of the com-R. F. Lindsell), Mr. Owens stated Missions and the murders of privats pany's business in South China. that his client was the assistant-

the purpose of providing increased prosecuted.. Among the items in the draft constitution of the Association

is one under which the Association is to investigate the financial. conditions of farmers in the New Territories.

WEAKNESS OF MONEY ASSOCIATIONS.

The general advantages of a ce operative credit society in India have been put to the test for some years and found remarkably bene- ficial for poor villagers. The prin- cipal object of such a co-operative credit society is, according to a report received from India, to make it possible for a man, by joining with other men, to borrow money more cheaply than he could by him. sell. Such a society is useful prin- cipally to poor men. "A poor man by himself" the report ex plains, “has very little credit, but

DA

Mr. Booth asked for adjournment deaths, which occurred last year, were attributed to outlaws, and for one week to go into further already two, and a possible third, aspects of the cases. To this course | had taken pisce this year.

His Lordship showed our repro-" the defence had no objection. The case was then adjourned to Monday sentative letters received from missions in bis diocese, which spoke Dext at 9.15 p.m.

Mr. Lindsell: If there is may of attacks by Communisti

Chinese Christians question of withdrawal in the mean their missions. while, perhaps Mr. Booth will notify were put to death and missions me. I will know then that I have burnt. However, his Lordship said an afternoon free, in case I have to that in spite of this their work was is a date for hearing of other not futile for the example remain- ad. Church services were held in The summons against the Chair: the open air, and wherever it was case." man of the Chung Shing Benevolent possible, the missions were rebuilt. Society was for the alleged keeping, His Lordship showed our repre- of the Society's premises as sentative a picture of mass being common gaming house, and also that celebrated by himself under the ho himself was in possession of shade of a big tree, up-country.

The summons against the official seren lottery tickets. of the Sulamese Association was

The Gin Drinker's Bay installa-manager of the Hong Nin Insurance by bandits were far more numerous " tion at present used by The Texas Company, of 188, Des Vaux Road than the public realised. He point- Company is proving inadequate Central. The Society was at theed out that no fewer than eight and further, owing to the shallow same address. water in the Bay, deep sea vessele have to anchor some distance away High Interest How Charged.

necessitating the use of lighters. Mr. Frazer went on to say that Some interesting facts and figures by means of the Wai, the farmer about The Texas Company were also given to our representative. obtained the capital. The members One thing is that practically all of of the Wui were poor people who the thirty thousand employees are generally found it difficult to obtain shareholders The growth of The Texas Company may be gauged by money and often resorted to mort the following figures: In 1929, gaging their land. The rate of in- 255,000,000 gallons of Texaco Motor terest was high-higher than one Spirit were consumed by the motor

ing public and in 1928, man could meet. They must find 1,008,000,000 gallons

used. some way to force 'down the rate of This is an actual increase of 312.8 interest, and Mr. Frazer said that per cent

The Texas Company controls a rule interest could only be kept down if the lender was satis- 5,431,151 acres of oil lands produe fied that the accurity or guaranteeing 147,000 barrels of crude oil was good. Under the present Fu daily. It has 17 refineries, 6,305 30 deepsea vessels, 17 ocean ter itals and storage tanks with tot capacity exceeding 87,000,000

were

Over

His Lordship was of opinion that these outrages will continue as long as the civil wars lasted. The troops

if 20 men join together" people have system the absconding of the chief tiles of pipe lines, 6,863 tank cars that he was keeping a common who should be policing the country

for principal generally meant bank- confidence in them and their credit ruptcy for the members, who had becomes strong. In forming a co- no means of getting back their operative credit society of 20 men money or of seeking redress. A Wui was found with the best inten- it is necessary for each member to tions, but unfortunately if the head stand security for the others. In was trusted with a good deal of the event of any member default- money, and found himself unable to pay 3 complicated situation would ing, each member undertakes to arise. But with proper supervision repay the money borrowed by him., some sort of co-operation could be This is called unlimited liability."achieved and the Fuis could be Thus by joining a co-operative so- ciety with unlimited liability each member is able to borrow money at practically little risk and at a much lower rate of interest than the Chinese Ngan Wut or Money Asso- ciation can do for its members. Many of these money associations are. started and default from year to year in China, but it seems that the co-operative credit ayatem enn

brought under some form of control. Perhaps the registration of every Fui and the regular inspection and auditing of accounts would be one of the best security for farmers in- terested in the system. All these steps have been taken by the Gov- ernment of India and Mr. Frazer thought it would be a good idea of approach the local Government to do the same thing here. There is no bank in the New Territories where farmers can deposit their money and there is no place where they can invest their money except

be introduced to consolidate effec.in Wuis. A Wui in fact served as tively the resources of the under, of course; the control and supervision of the Government.

a sort of a bank, without the stand- pooring of a bank and did not provide the same security ne a bank. In many instances the 'uis paid more than 100 per cent. interest.

The Agricultural Association's Part.

The New Territories' Need. In connection with this matter Mr. J. A. Fraser spoke at length.

Association, He said that great advantage could

The Agricultural be derived by the formation of said Mr. Frazer, having members co-operative credit society among from all the districts in the New the villagers in the New Territories Territories and being in a position He pointed cut that education was

to consult all the elders, whenever lacking and the Association, in required, should not find it difficult their work for improvement of the

to investigate the standing of the general conditions of the farmers, leaders of the Wui, to audit their must realize that the material they accounts and to inspect their books. had in the New Territories was not Mr. Frazer predicted that in about the best that could be obtained. ten years the interest from the Fis The standard of education in the under the control of the Association New Territories was not so high as might perhaps help with the ex- that of Hong Kong. The reason for penses of the Annual Show. Mr. that was that the people there had Frazer concluded by stating that he to think of their food, before educa-had discussed the question with the tion and there was no money late Governor, Sir Cecil Clementi, available for educational purposes. and the latter had approved of the Since it was the object of the Asso-iden and had mentioned that the ciation to improve the standard of Agricultural Association and the agriculture and living, the Associauis should be merge and should tion should give this plan its very work together. serious consideration,

Rev. Mr. H. R. Wells said that As District Officer, Mr. Frazer the idea, of course, would take time said that during the performance to develop but if it could be estab- of his duties probably he had a lished it would be of benefit to the greater opportunity of seeing the villagers in many respects. troubles of the people than most of Mr. Bush suggested that the ques- thore connected with the Association be placed in the bands of a tion. The main difficulty of the sub-committee, to be studied and people was that many lived from investigated, and if it is found prae- hand to mouth. "There is no re-ticable in the New Territories re- serve to call upon at any time. As commendations should be made to soon as they fall sick, they get into, the Government, debt, or sell their daughters, to realize money, or resort to borrow. ing from a richer neighbour. This state of affairs is, of course, common in many countries."

ELECTION OF OFFICERS.

Among, other business discussed on Saturday was the question of officers of the new Association. It was decided that in view of the keen interest taken by Sir Robert and Lady He Tung in local agricul ture, that Sir Robert should be

Mr. Frazer went on to instance the cnse of India which was, ne cording to the speaker, in much the same condition some years ago. There is in China an institution invited to be a vice patron of the called Ngan Wui and be wanted the Association. Association to bear that in mind.

The following officers were re-

year:-

Chairman-Rev. R.. H. Wells. English Secretary-Mr. J. D.

Bush

Chinese Secretary-Mr. Ng Sing

Chi.

In India this question, has been elected to serve the New Territories well looked after by the British Agricultural Show for the caeuing Government who has and still in trying to improve the condition of the farmers. There Was great poverty in India some years ago and the Indians were continually borrowing and lending. The British Government had to devise some тепле improving conditions,

A welcome was extended by the The method hit upon was started by a German about a hundred years meeting to the following new mom- neo, and although there was great bers-Mr. Andrew Tazo, Mr. J. difficulty in the beginning in intro Russell, Mrs. E. L. Clarke, Mrs. F. ducing, the central co-operative B. Rowe, Mr. W. B. V. Curtis, Mr. credit system, the scheme met with Ho Wai Sam and Mr. Hoo Foog success eventually. It was essential-Ping-

Treasurer-Mr. T. P. Tong,

ly the same as the fui system in The next committee meeting will

be held on March 29/

China.

barrels.

The construction of this new and

gaming house.

were withdrawn to fight each other, and brigands throve on war and famine.

Now in addition to the ordinary "Lo Fook and Fong, Köng of 151 modern terminal at Tann Wan Woosung Street, were the buyers bandits out for loot, there were the should result in considerable deve of K.I.E. 2807, which is situated at rebble "armies of Communists, lopment in that area which is ad- the junction of Portland Street who were terrarising large areas mirably suited in industrial pur-azd ki Lung Street. The land has of, Kwangtung, Fakien and the

an area of about 8,300 sq. it, and Southern provinces generally. poses..

the annual rental is 3100. The price paid was $16,273.

OTHER SALES.

K.L.L. No. 2300 situated at Prince Edward Road, between Fa Yuen Street and Sai Yee Street, was sold to Ngan Shing Kwan of the China Motor 'Bus Company for $53,730. It has an area of about 29,550 sq. It, and the annual rental is 8349.

(Continued on next Column.)

The last piece, KL 2305 at the junction of Portland Street and Ki Lung Street, Tai Kok Tsui, yent to L Lea of 151 Voosung Strect, for $1,144. The area of the land is about 3,968, eq. ft. and the annual rental is $46. The upset price was $0.044.

Despite the tragic outrages which perpetually occurred, the Churches were not without ready volunteers to continue the work. As our re- presentative was about to leave, two, new missionary priests, came to visit Eis Lordship before leaving for the Interior.

"Two have gone, but here are two more," said the Bishop.

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