1936-02-24 — Page 4

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PIANO TUITION

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by Pan American Airways from MACAU to- AMERICA.

at 20 cts, per Envelope GRACA & CO.

No. 1), WYNDHAM STREET, HONG KONG.

The Most Comprehensive Survey Yet Compiled of Reconstructio..al Progress in Modern China'

RECONSTRUCTION IN CHINA

EDITED BY TANG LEANG-LI

CONTENTS

Chap. 1-Political Rehabilitation.

II-Aims and Machinery of

Reconstruction.

III-Industrialization. IV-Educational Reform.

V-Athletic Progres VI-Public Health and Social

Relief.

VII-Cultural Reconstruction. VIII-The Law and Its Enforce-

ment.

XI-The Banking System.

A

I-Railway Development. XI-Road Construction. X-Commercial Aviation. IIII-Mercantile Marize. XIV-Posts, Telegraphs,

Telephones. XV-Rural Rehabilitation. XVI-Town-Planning and

Municipal Development. XVII-National Defence. XVIII-Miscellaneous Progress.

Royal 8vo.-440 pager-Cloth Cober With 130 pages of Half-Tone Illustrations and 3 Hapa Price: In China $15 (postage 50 cents)

Abread G.$10 (post free)

Orders recrived at:

THE HONG KONG DAILY PRESS OFFICE

Publishers:

CHINA UNITED PRESS 299 SZECKUEN ROAD, SHANGHAJ

Courtesy, Comfort, Service

and Luxuries of Modern Hotel

Construction

THE HOTEL RIVIERA

MACAU

Cable Address:" Riviers, Macau."

HONG KONG DAILY PRESS, MONDAY, FEBRUARY 24, 1936.

INSURANCE BROKERS.

W. H. S. DENT & L. D. Lesas. 123 Pall Mall, London, S.W. advise on and place all class of Insuranco, on best possible terms, with the leading Insurance Companies and Lloyds, covering ALL RISKS.

Motor Car Insurance, and advice on Purchase of Now and Secondhand Cars,

CAMERAS

CHINA'S FUTURE OUTLOOK

The Exchange Problem

(Continued from Page 2)

ties

of the leading export. com- modities. During the second half

TO-DAY'S RADIO PROGRAMMES

of the year the advance in a Broadcast by Z.B.W.

prices coupled with a recovery in rice brought about a great im- provement in the position of the farmers. The invisible trade

the

On 355 Metres

12.30-2.15 p.m.-European

gramme.

ITC-

Tt is heartening to be able to re- most important export commodi-balance is belleved to be quite port that the Communist bandits If It's anything in

have increased appreciably favourable, due largely to who have given so much trouble shows that some interior districts prosperity of the shipping com- PHOTOGRAPHY We have it during the past few years have e- are probably beginning to benent panies and good tourist traffic. 12.30 pm-Recorded Music.

I p.m.-Local Time and Weather

Report. nerally speaking beer. kept on the by the higher commodity prices There are, however, certain fac- run, although they are far from now obtaining and by the better tors which make the picture ap-115 pm-Hong Kong Hotel Or- being

properly liquidated. The demand from abroad: It is true pear less rosy. There is consider- campaign in the early part of the that the purchasing power of the able overproduction and the cur- year resulted General Chiang people remains deplorably low but Kal-shek obtaining control over improved conditions in some parts SECONDER'S SPEECH. Szechuan province. and

the this have counter-balanced

de-

for Stills and Movies. PHOTO SUPPLIES

of every Description.

A. TACK & CO. brought about a considerable beterioration in others such as the

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For further information inquire of your nearest steamship office, any Travel Bureau,

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702 Government St, Victoria, B..

F. J. CALKINS, General Agent

793 Granville St., Vancouver," B.G.

B. F. RANDALL, Din. Passenger Agent

561 Market St, San Francisco. Cá

2. F.. BAHL, Aset. Gen. Passenger Agent Seattle, Washington

GEO. 8. HAYNES Pass. Troffiej, Mo“. Chicago, Ill.

The

MILWAUKEE

The Eletrified Pay

terment of conditions there,

But elsewhere also there are cheering signs to be observed, and the Chinese Government must be given credit for the work done in

flood ridden areas,

Considerable development, con- tinues to take place in regard to railways and the government is determined to push ahead with the plans for building new lines

Central China. The formation ot, an influential Chinese Railway Bondholders Committee in Lon- don and subsequent exchange of views regarding the outstanding railway debts will, we trust, lead ta sailsfactory settlement.

In rising to second the report, Sir Willizm Shenton said: Mr. Chairman, Ladies and Gentlemen, The year under review has un- doubtedly been difficult, probably one of the most exacting in the Bank's history, and it is a matter for satisfaction and a great tri- bute to our Directora and Chief Manager that it has been eminent- ly successful.

chestra.

130 p.m.-Reuter Press Bulletins, 2.15 p.m. -Close Down.

5-8 p.m. -European Programme... 5-7 p.m.-A Relay of the Hong

Kong Hotel Dance Orchestra, 7-7 17 p.m.-"Hungarian FantasiaTM

(Liszt played by Arthur de Grce! (Pianoforte) and the Royal Albert Hall Orchestra. 7.17-7.30 p.m. — A

Madame Amelita (Soprano).

Recital by Galli-Curci

(Song of

1. Chanson Indone

India) (Rimsky-Korsakov).

2. Bolero-Les Filles de ..(Delibes).

3. Carcelerus (Chapl)

I do not think I shall be alone when I say that I have had some difficulty in interpreting the ba-.

note with lance sheet, but I pleasure that the carry forward is 7.30-8 the

substantially greater than that of last year

the last few years in connection with certain forms of economic re- construction. Wide areas have been put under better administration and internal reforms are progress- ing in spite of local difficulties The progress in and instability. road building and public health has been striking, but it is almost more desirable that the Civil Ser

and vice Administration Judiciary should be the subject of reform Agriculture is also a most here But problem. pressing certain steps have already been taken to effect improvements, es- pecially in the case of the cultiva tion of cotton, rice and wheat and in the production of raw slik. The disastrous floods which swept over the country during the summer checked some of unfortunately

on

the progress.

CHINA RIVERS OVERFLOW

for It is 4 rare occurrence

the China's two great rivers, Yangtsze and Yellow River, both to overflow in the same year. The precautions taken at Hankow prevented a recurrence of floods in the same magnitude as 1931, but in parts of Shantung and North Kiangsu the overflow bas seldom been parallelled, and Yew realise how bad conditions. The re- still are in those areas.

organisation of the Conservancy system of the country on modern Lines is a master or great urgency. Unfortunately there has in the past been much overlapping in the many departments dealing with this problem.

As regards the actual financial position of the Government, no complete statement has been. published covering a date later.

the Han June 1034, but

Balt Revenues are reported to have improved in 1935, though it a

doubtful if the central authorities have benefited thereby. The Cus- toms revenues declined $19 mil llors fast year leaving

only a small surplus available for the Government, but it must in fair- ness be pointed out that this was largely due to the average higher rate of exchange which adversely affected the conversion of the Customs Gold Unit into local dollars. With the rates fixed as; at present. the dollar income ought to improve this year if im- ports do not fall off.

When the gyrations of the sterling value of the dollar, both in China. and Hong Kong, are

past eighteen months, the great

considered, over the period of the

conditions stood.

*

and

(Prison

4 Serenata (Tostl).

p.m. Light

Music.

-

Cadiz

Song)

Orchestral

Happy. I'm Happy ("Caravan") Wine Song ("Caravan") Ballroom Memories No. 1 Jerome Kern Medley George Gershwin Medley Ninon ("A Song for you") Love, for ever I adore you

bm-Local Time and Weather Report Closing local Stock Quctations. 805-11 p.m.-Chinese Studio Con-

cert.

11 p.m.-Close Down, 805-10 p.m.-European Programme

From Z.E.K. on A Frequency Of 640 klacycles. 8.05-824 pn-A Jazz Piano Re-

cital by Rale da Costa. 1. I had to change the words. 2. One minute to one. 3 A Thousand Goodnights, 4. True.

5. Waltz Time Medley. 6. Dancing Butterfly. 824-8:30 p.m.-"Moonlight Mean-

derings" "Feminine Fancles sung by The Carlyle Cousins.

p.m.-A Relay

difficulty of trading under such

can be easily under-18

POLITICAL FACTOR Our Chairman has stated that the political factor has become of paramount importance. and this must certainly be so if the future of foreign trade in the Far East is concerned largely with the supply of capital goods and finance as many trade reports lead us to inter. It is clear that a close conj

China politically tact with CUSTOMS OFFICE

socially is of the utmost import- The situation as regards the

ance. especially when it, is realised the extent to which government Customs offices in North China has been ominous kut Sir authority in some shape or form is Frederick Maze has, 28 usual,. now so often interested shown great act in dealing with I can say from personal know- the matter and so prevented any ledge that the Foreign Banks are interference with the administra- always prepared to support sound tion. We hope that both sides will and practical propositions take a realistic view of the post- tion and that the integrity of the Chinese Maritime Customs will be observed Et all costs, Sir My references above to the cur-

Frederick Maze deserves the con- the financial rency, difficulties, stringency, the political uncer-fidence and support of all concern- tainty and the droughts and ed. It is of interest to note that according to official statements floods with which China has been affiteted during the past year will issued by the financial authorities

and for some time past has been, not lead you to expect a bright in Manchukuo the latter are set-population; this undoubtedly is, picture of trade. Nevertheless the ting aside each year a sum of

her Government indications are that, generalising money cquivalent to their quota receiving the careful attention of of the foreign loan and indemnity Broadly and taking the year as a whole without regard to the services, which was formerly paid by the Customs offices in the that considerable fluctuations

Manchurian ports. have occurred, internal trade con- ditions have not really deteriorat- ed as much as might have been expected. The foods seriously

8.30-9.16 ROAD

LOCAL MAPS

Peak District,

Kowloon,

Victoria, New Territories.

HONGKONG DAILY PRESS;

HONGKONG WEEKLY PRESS

AND

CHINA OVERLAND TRADE REPORT

'ILLUSTRATED

PRINTED IN GOOD QUALITY PAPER OVER 40 "PAGES.

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LOCAL NEWS, SPORTS, GOSSIP, TRADE, ETC.

30 CENTS A COPY

HONG KONG DAILY PRESS, LTD.

11, IOE HOUSE ST.

TEL. 80251.

On the subject of the trade and future prospects of Manchukuo there exists a considerable diver-

As in other parts of the world 8.30 excess population is the root of many problems, so in the Far East it is often the cause of our din- culties. Industrialisation is re-

garded as a solution in some quar- ters, but what China, being mainly agricultural, needs, is an improve- ment in the lot of her peasant

Daventry.

p.m.-Sir

fr m

Walford Davies. "Music and the Ordinary Lis- tener."

What about the Tune? 2. Tunes

that sing the selves pin-A Relay of the Daventry News Bulletin (Copyright by Reuter).

9.13-9.40 p.m.-Vocal Gems, The Belle of New York The Waltz Dream (Strauss) The Merry Widow (Lehar) The Desert Bong (Romberg) Excess population is of Course The Blue Mazurka (Lehar) one of Japan's major considera- 9.40 to 10 p.m.-Selection of Tan- tiona...

gos.

DJN

It must be obvious to everyone 10 pm-Big Ben: Close Down. Interested in China and her many

BERLIN PROGRAMME problems that one of her principal

DJA, DIB, 8.05 p.m. Call requirements is a uniform and

(Germ., Engl.). The past year affected the cotton crop along the sity of opinion, unquestionably | stable currency.

German Folk Bong. many improvements have been has seen a herculean effort to at-

Programme Forecast (Germ, effected there during the past tain this end and to many out-

Engl). four years. Last year the harvest side observers she appears to be

9.15 p.m.-Orchestral Concert, was good, and though the area well on the road to success. It is

9.45 p.m.-News in English on DJA under the cultivation of crops was interesting to note the support the

and in Dutch on DJB, DJN. much below the average of former Central, Government has exper19 pm-Orchestral Concert (con- years, the higher prices obtainable enced in the provinces.

"tinued) have been of benefit ta the

10.30 pm-Relayed from Frank- farmers; as a result of this as

In Hong Kong we have also seen furt: well as of monetary stability and important and far-reaching deve- Camival in Mayence.

IMPORTANT DEVELOPMENTS

of less disturbed conditions in the lopments in our monetary system. 11.15 p.m.-News in German on more important rural districts, | It has always been regarded as the general trend has been better. fundamental that the Colony's

DJA. DJB, DJN. Close down DJB.

Yellow River as I have "already remarked, and the rice crop also suffered in the Yangtze Valley but the production of wheat ap pears to have increased slightly The Customs Gold Unit values of importa show a drop of only 5 per cent, on 1934, while exports have improved 7 per cent. In terms of the local currency, The indica- tions, are that largely as a result of the monetary crisis Shanghai has been affected more seriously

In March the Chinese Eastern currency should be in line with than other ports. Thus

the

Railway was formally transferred that of China. This has largely foreign trade figures for all the

tc. Manchukuo by Russia and re- been accomplished by legislation Larger ports excepting Shanghal

named the North Manchuria with which we are all familiar, and Canton show increases. Bri-

The running efficienty but we hope that when it is feast Railway. .tish merchants are having a con-

of this line is said to have al- ble to do so the Government will as to siderable struggle to maintain

clear declaration ready improved) New rallway make a their position in face of keen

future policy which would engen- competition from Japan and Ger- construction still continues on a

rapid scale and further large der confidence. and be of great

RADIO MANILA assistance to merchants and al many. British imports have drop- gums Have been earmarked for

of ped some 17 per cent., but the this purpose in the present year.

who are interested in the Far E.30 pm.-UP. Conservatory Empire has slightly in The import trade of the country ried on in and through this Colony.e British"

Music-Radio Practice Hour. Eastern trade and commerce, 'car- creased her share and remains again expanded slightly

p.m-Melody Lane, featuring

Mario del Rio.

during

11.30 p.m.-To-day in Germany.

Sound Pictures.

16.45 p.m.-Hocuspocus.

Music and Merry Legerdemain. 12.15 am-News in English on

DJA and in Dutch on DJN. 12.30 a.m.-Close DJA, DIN (Germ..

Engl).

Period.

'

the courtesy of Swan, Culbert- son' and Fr

pm-Song Recital by. Guillermo

Fernandez.

the supplier of one-quarter of all 1935, once more due to increased I think our subsidiary colnage imports into China, while she business with Japan, but exports still requires further considera- 6.15 p.m.-Studio Music. takes an even larger share of all

The Man- tion, but we are certainly appre8.30 pm-Spanish Informational are slightly down..

ciative of the foresight of those exports. There has been a re-

churları currency has recently markable change in the Customs been linked to the Japanese Yen

who were responsible for a plenti 6.40 p.m.--English Informatiopal

Period. ful supply of one-dollar notes when igures relating to trade with the and 1+ December a. Foreign

the crisis arose.

8.55 pm-Stock quotations, through United States. Taking the 'Gold Exchange Control Law was 271- Unit values, imports have dropped forced with a view to curbing interest in our Banks but the Colony

Not only those with a financia about 30 per cent., largely as a speculation, which it was feared

as a whole should be grateful to 7 result of much decreased ship-might endanger their attempt at

our Chlef Manager, For many ments of raw cotton, wheat and

currency stabilisation,

months when the price of silver 7.15 p.m.-Manila Motor Company leaf tobacco, while exports from

Was following a most erratic

presents Richard Himber. and China have increased 50 per cent.

course, he had a most difficult his Studebaker Champions. owing to the improved demand

task in controlling our exchange 7.30 p.m.-Edna Icastano and her for wood-oll, seeds, silk and egg-tinues to expand in a remarkable

way. The combined figures of and keeping it near silver parity, Banga.lt products. Germany has also in-

exports and imports show an all- and when at last the situation got 7.45 pm-Songs of the Philip creased her purchases from China

time" record, that is in the de- out of hand and the Covernment

pines by Abundio Ibanez.. In like proportion, but her trade

preciated yen and not in gold, took command, he ined the 8 p.m.-Five Feet of Melody-Linn is, on a smaller scale..

and whole- Flor and Ariston Avelino: but nevertheless, considering the Currency Board difficulties of restrictive quotas heartedly placed his great know 8.15 p.m.-Violin Recital, by Noll and tarifs in inany countries, it ledge of exchange at their dispo- is a noteworthy achievement. In- sal, thereby creating an atmos | 2.30 p.m.—The Voice of the Herald. dustrial production has continued phere of confidence in a situation 845 pm-Block Quotations and

CHINA'S EXPORT

INCREASED EXPORT

COMMODITIES

The fact that both in quantities and in value a number of China's

JAPAN'S FOREIGN TRADE The foreign trade of Japan con-

its rapid expansion, and it is fraught with much uncertainty

that significant

machinery is and great diMculty. quickly coming to the fore as one

(Continued on Page 117

Reyes

Local Market Reporta,

8 pm-Legaspi Garden Orchestra.

10 p.m. Sign off.