1922-10-04 — Page 12

12

BRITISH INDUSTRIES AND ALLIED DEBTS.

Reasons Against Cancellation.

CHINA'S NEED.

THE HONGKONG TELEGRAPH.

A Good Financier and Govern-

KOREAN HOMICIDE

SENTENCED

Escapes Capital Pénalty. ment Team Work.

A Tokyo message' says:: Sama surprise has been expressed here The Federation of British In- Speaking at the National "dustries, London, has issued the Educations! Association Head-at the decision of the Japanese court at Nagasaki in sentencing following communication:

quarters, Poking, to a group of Public attention has recently bankers and teachers Dr. Paul Sone of the Koreans who killed ́been concentrated upon the prob- Reinsch, ir discussing the ques lem of international indebted-tion of "Chinese Financial In ness and, in view of the import-dependence" said: ance of this question to the futura If Chinese financiers and of industry, the Grand Council of the Federation of British Industries have decided that public expression should be given

#

$20,000,000 LOAS.

WEDNESDAY, OCTOBER

HOTELS.

Hongkong Hotel,

Astor House Hotel,

1982.

ENTERTAINMENTS

THE

LEADING FAR EASTERN HOTELS.

HONGKONG:

Peak Hotel, Repulse Bay Hotel SHANGHAI:

Palace Hotel,

Grand Hotel Kaleo. PEKING:

Grand Hotel-des Wagon Lits.

The Hongkong Hotel Co., Ltd.

In conjunction wich.

The Shanghai Hôtels, Ltd.

and

CORONET

KOWLOON THEATRE

TO-NIGHT

The Grand Hotel des Wagons Ltd.

ZANE GREY'S U, P. TRAIL

7 reels

KING EDWARD HOTEL

CENTRAL LOCATION,

ELECTRIO LIFTS AND LIGHTING, TELEPHONE ON EACH FLOOR, HOTEL LAUNCH MEETS ALL STEAMERS.

Telegraphia Address: "VICTORIA *

Tal, Central 373.

J. WITOHELL

Manager.

THE EUROPE HOTEL:

SINGAPORE

DANCING AFTER DINNER EVERY

Mrs. Grace Snyder in an attempt to assassinate Baron General Tanaka to a life sentence. It was expected he would bs execut- bankers will take the initiative ined in view of his full confession

The Korean sentenced to life elaborating a practical policy they imprisonment in Nagasaki was can undoubtedly count on inter-ons of the two who attempted to national support.

The present to the views of the Federation. situation calls for self-help,-at assassinate Baron General Tan- aka when he was passing through Great Britain is owed by other least in initiating à plan, as other Shanghai. Failed in their At- countries, excluding Russis, for nations ars too busy with their temps they began shooting wildly money loaned to them approxi-own affairs. A practicable proof the Custome jetty and killed mateix £1,300,000,000 represent-posal of Chinese finance will, how Mrs. Grace Snyder, the wile of ing an aunusl charge for interest ever, receive support. Neverthe an American of Brazil, Ind., and and sinking fond of roughly less, we must realize Low dear injured several local people, in £70,000,000. Neither interest no: China is to a financial breakdowcluding Mr. H. A. S. Thompson,

The sinking fund are, as yet, however, and what it would mean.

of Finance and t'ominerer. being provided by the debtor underlying economic condition of

One of the Koreans escaped countries. Great Britain owes Chink is so favourable that the from the Japanese jail at Shang- 1998,000,000 to the United financial problems would be easily, and has never been heard of States of America'

handled, were there initiative and since, although a large reward for consequence of having used co-operation."

his capture was offered and the Britisu credit doring the War for

| Japanese Consular authorities ex- the benefit of these debtor coun He proposed a Constitution In-pected him to be taken into tries. On this debt interest at the terim Loan of two million dollars custody again within a few days. rate of roughly £50 000,000 per gold a month for ten months to The other prisoner, Kim, was ancum is already being paid give the Government a chance taken to Nagasaki for trial after and an additional annual charge to exist without worry during a preliminary hearing in the for capital repayment must be the constitution-making perind. Japanese Consolate here. anticipated in the near future. Meanwhile the Financial la plain words, the British Commission would elaborate a taxpayer is the mortent system

-revenue reform shouldering a borden, equivalent with

A Shanghai Comment. the co-operation of 1 in

Referring to the interview and £ national and foreign banking the income 11. which may rise representatives. It should be correspondence published in the the proposed for the Consortium to Telegraph concerning the inter- Cassono as sur king fund pay-make the abere loan and to port aquatics, the N., Paita Nema į ments comme ce, in order tal have its representatives

of Sept. 28 says: -It is only fair! relieve the taxpayers of the debtor operate with the Financial Com

to Hongkong to mention that no countries from a hability they mission. This is a time when sooner had that article appeared cannot at present meet.

such assistance should be given than two stronz letters were re- Ar the same time, British in Later it will be unnecessary rceived and published protesting dustry, upon which the thief too late to avert financial disaster. apainst the attitude adopted. the Victoria burden of this taxation fall, is Such co-operation between the member experiencing the severest" de- Chinese Government... Chinese Recreation Club points out that pression in the history of the bankers and foreign finsoci- the very essence of good sports- country, accompanied by an unexperts would in itself restore the manship is the ability to accept precedented rate of unempley-¦ credit of the Government.

jan umpire's decision, and he meni. The debror countries, i

says: "I can imagine nothing 17 CONSORTIUM REFUSES, les heavily taxed than Great!

more likely 10 ASK OTHERS.

kill all in- Britain and comparatively freej

sport than that Should the Consortium decline|terpart from unemployment, have crected to make such a loan or should i returred team should publicly and are erecting formidable tarif propose terms which would induce rumble because it lost." The barriers against the entry

of long discussion in Parliament and writer of this letter as well as the British goods, while their in-

Cuisine under personal supervision of the Proprietor. a consequent delas in the com.other takes up in categorica! Pustries, benefitting by a lower pletion of the Constitution, t manner the point mentioned of tate of taxation. and temp rands, would then become necessary: at least, by the depreciation of invite banks outside of the Cor their carencies, are becoming sortium to take up this matter. increasingly serious competitorsi The taxable resources of Chira,

to over

to.

تا آن

I

Mich.

the

171

of

ca

of British industry in the remain when they can once reached ing export markets.

In such by new legislation afte the circumstances. proposals for fur Constitution is established, are ther sattire on the part of this far more ample than the teshannes Country *bould be subdicted available in any other countty to the closest scrutiny. No exept the United States one supposes that either in-

What China needs is not !! tercat or repayment of capital much discussed "strong man," can be expected from France but only govnancier and Ital or Beigum in the in rest work between the Chinese mediate future. Unless it is as Government and Panker. Sue, however, that Europe is!

Chinese initiative in proposing bankrupt beyond hope of a practicable plan and pledging support to it will unquestionably induce foreign interests to co- operate. China comes before the world not as asking for assistance but as proposing a plan for the development of her financial re-

covery, there seems no reason ti believe that this inability to meet their obligations is permanent.

While it is impossible to over cate the immense advantages to this country and to the wor which might follow

Keneral readjustment of international indebtedness, it is open serious doubt

2

10

sources.

INTERPORT AQUATICS.

Busschaert's being ordered out of the water, which incident, it was suggested, might in some way b hed responsible for Hongkong's defeat at water polo. and asks whether is really did have such We are an effect as is claimed. glad to he able to quote, chenel letters appearing in our Hong- kong contemporary because they not only obviate any reply from ushad we felt so inclined, which

doubtful but they be 12nored. The man who allows suggest that the remarks can welli

himself so to talk generally prepares his own punishment, as his words inevitably recoil with

compound interest.

EXCHANGE.

"Coenend Tile, donne Rate on Page 1

MONDAY, WEDNESDAY and SATURDAY. TEA DANCES

TUESDAYS and THURSDAYS.

The Hotel Orchestra under the Direction of Mr. F. R. Martens.

Room.

Telephones in every Telegraphic Address "EUROPE, SINGAPORE.” Telephone No. 2740 (9 lines).

THE EUROPE HOTEL, LTD.

ARTHUR E. ODELL Managen,

MID-LEVEL KOWLOON

KINGSCLERE HOTEL KNUTSFORD HOTEL SACHSE, LENNOX & Co. General Azents

Are resident Managers,

PALACE HOTEL, KOWLOON..

Tel. No. Kowinga 3.

Tel Ada, Palace,"

Two mind to from Ferry and Railway Station, Five inlauses by Foxy from Hongkong A int class Hotel in every respect and under English managemeni,

- Gænge, mar a u Billiard Boom

Ta må Mod racE.

Special arrangements for families on application to

J. H. OXBERRI. Proprietor

Sager

A

DAL NIPPON BREWER COMPAN LATEX TOKYS,SAPAK, SPECIELT DRAWEB PRÉ

MITSUI BUSSAN KAISHA, LTD.,

HONGKONⱭ. ··

UNCLAIMED TELEGRAMS. PEAK TRAMWAYS CO., LTD.

THE GREAT NORTHERN TELE-

SELLING

2/634 2/6.13/15

SOLE AGENT.

2/7

Nor

11014

117

197

57

149

Nom. 7.45

2/7.11/16 2/7.13/16

2/73% 2/816

5842

BUYING,

mis. L/C.....

I m/s. DIP

ΤΙΣ whether isolate will evoke a corresponding demand ed and premature action be philanthropy in other countries, 30 d/s .... Great Britain could haston such farther postponement of in-60 dis A general settlement and there is terest payment, or even a definitem/s reason to fear that such action undertaking to refer the con- f Shanghai might prevent it. In this con-mencement of capital repayments T/T Singapore nection, the reception by the for a term of years, might not be T/T Japan French and American press of too high a price to pay for T/T India.. the recent suggestions for cap-acquiesence by France, Italy and Demand, India cellation of the French debt in Belgiom in a readjustment of IIT Ban Francisco

& New York.f return for a reduction of the reparations claims which would French claims on Germany enable Germany nader suitable T/T Jara significant. An almost unctuous safeguards and supervision to IT Marks appreciation of the generosity set her finances and currency in FIT France of the proposals is expressed. order. Permanent cancellation of Demand, Paris but there is no bint of reci- debt, however, is in a different procal sacrifice. The leading Category and could only be French papers expressly declare justified" as part of a general that such an act on the part of settlement which would afford Great Britain mast not be held to a merely a more rapid return involve a corresponding sacrifice to normal trading conditions, but of French claims, while a some. immediate relief to the British what similar tone underlica alt taxpayer and to British industry. The Federation, therefore, wei- American comment, and a Bill providing for the funding of the come the repeated recognition by dieb's owed by Great Britain, the Prime Minister in the House France and the other Allies to of Commons of the disadvantage the United States of America has to this country of adopting any Deraand. New York 57% already been passed by Congress, scheme involving payment by T/T Bombay These are strong indications that, Great Britain of her debts with--Demand, Bombay

eventual TIP Calcutta whatever the effect of a further out a corresponding experience of post-war economic collection of the debts dus to her. Jemand, Calcutta

the They trust that the Government Yokohama.... 1171⁄2 present moment public opinion in will in future adhere strictly to Demand, Manila both America and Europe is not the principles inherent in this Demand. Singapore. 1104 ripe for any general scheme of declaration and make no further Demand, Batavia 149 readjustment and modification.

conditions

mey be. at

THE RISK OF CANCELLATION.

6 m/s. L/Cair 30 dfa. Sydney and Melbourne 30/s. San Francis co& New York

4 m/s. Marks ......... Tom.

7.80 mis, Francs

imfe. Francs.. Demand, Germany."

7.90

197 197

115

surrender of British rights, except a Haiphong ... Nom. in return for immediate counter-On Saigon. concessions of definite and sub- On Bangkok: ......................

In such circumstances the riskstantial economic value.

involved in cancelling any sub-

stantial portion of the debt owed

to this country outweighs any possible advantage to be gained.)

HAS SUBSCRIPTION BEEN RAISED?

To cancel debt is not only to The report that the Seamen's throw away, oar principal har- Union bas raised the subscriptions gaining weapon is any future of members, in consequence of re- settlement but to run a grave cent increments in pay due to the risk that that Rettlement Hongkong award, in denied by may never be made. Neither the the Chiness press which states! nation nor industry can afford to that the remour was spread by gamble on the chance that a beau"blacklegs."

|

Sovereiga

B1) Fold leaf-per Tzel... 7.65 Bar Silver, ready... 35.7/16 forward. .......... 35.5/16 Bank of England rates 3% New York/London ... 4,89

SUBSIDIARY COINS. 'keng 50 cz: pièces par par

· par d Capten sub. coina 20.6% di

Hongkong, Oct. 4, 1922.

10

ORAPH COMPANY, LTD.** ver stleCaCooke, from Yokobams. Ivitaikoshi Elatuzai, from Keel-

3.8.

Cordillere,

ank.

Silin Tientsin.

Kudomato, from Mikage. Hianchang, from Amoy.

Kibung, from Kube.

from

Liangtanche L. Charlie & Co.

(2), from Shanghai.

9235, from Chinking.

Liyansang Kwongtailoychan. from Amoy.

1487, from Chinking. 1144. from Chinking. Rathmaed Kuankanglang, from Vladivostock.

TH. KEING. Superintendent Hongkong, September 28, 1922.

EASTERN EXTENSION AUSTRAI ASTA & CHINA TELEGRAPH (1

13300/22nd, Caldwell 3A Wynd. ham Street, from Manila. --

12577/21st, Campbell c/o Dan- nantation Hotel, Kowloon, from Shanghai.

TIME TABLE. WEEK DAYS 7.30 am to 1,87 a.ft.

"

10 11.20 KJ

12.30 1.3. i 2.10 p.m

every 15 mia

15 min

10 ir

10 Dis

NIGHT CARS. 166 m. 3o_8.00 p.m. 9 24 p.*

Knigge Than 10 minutes

31 15 j.m. to 114&every 15 minute-

SATURDAYS,

PETRA CAR TED WITHIN

SUNDAYS.

7.00 to 3,59 4.2.

1.

Am. 10 14.00 x 0.

JI, IS NO. 1 12.00 MAI

13.50 2000 to 100 p.06.

200

4.00 1.1.50 1.19 0.

J

Every 15 min

NIGHT CARS.

,50 p.m. 9.50 p.m. 9.20 p.m. 100p.m. to 11.30 pim. every 30 minuter ̧--

9. p.m.

SPECIAL CARS.

BY MÉINSCRIT (7 TEX COMPLETĂ MEIDA, LEVANGLA FUNDING), DEE YOUTH ROD.

TIDE TABLE.. 4th to 10th. Oct. 1922.

High Water

[Wed, 4; m÷8-135 8 470 6.1 Thar, $m 8 53 63

(Low Walur) Bourless

[Mess Time

信

1

No Public

Performance

TO-NIGHT,

WORLD THEATRE

PHONE, 1337 — •

PHONE 1337

Hongkong's Most Modern & Coolest Picture Palace.

TUESDAY, 3rd. & WEDNESDAY, 4th.

at 5.15 & 9.15 p.

TWO DAYS ONLY

HOUSE WITHOUT CHILDREN

in 7 parts,

DRAMATIC STORY BUILT ON THE THEME OF

CHILDLESS MARRIAGE.

2.30 & 7.15 p.m.

EILEEN SEDGWICK in "THE GREAT RADIUM MYSTERY''

Episodes, 16 & 17.

Usual Prices. Booking at the THEATRE.

STAR THEATRE.

PEKING ROAD, KOWLOON. Tel. Kowloon. 795: The biggest hourè exhibiting the best pictures.

TO-NIGHT at 9.15 p.m.

Grand opening of the INTERNATIONAL VARIETIES

1

ELECTRIC JAZZ BAND

MATINEE at 5.30 Cinematograph Performance "TOLD IN THE HILLS.”

Booking at the Star Farry Wharf for Hongkong Eesidente FREE FERRY TICKETS BOTH WAYS. Open Daily 4.30 to 5.15 pm and 5 to 9 pm. Baturdays 2 to £15 pm. 4.30 to 5.15 pm, and 6 to 9 pm. SEE HAND BILLS.

WEATHER REPORT."

Oct. 4d. 1th. 15m-Pressure, bas increased lightly at Vladi- vostock, Shanghai and Guam. It is nearly stationary at other reporting stations.

There are indications of a ty phoon forming the neighbourhood of Guam.

The anticyclone is central near Weihaiwei.

South coast of} Chinx between H.K. & Lamocks.

| N.E. winde,

13 Hangkung to fresb;

Gap Book............. | fair.

4 South coast of China between HK. & Hainan.)

1. F. CLAXTON, Director.

E.K. Observatory, Oct. 4. 1922.

METEOROLOGICAL.

Fresh monsoon may be ex- pected along the E coast of China and moderate to light monsoon over the N. Chins Sea.

Hongkong Rainfall for the 24. hours ending it 10 am to-day,Barometer.. 0.18 inob. Total since Janúary Temperature Ist 66.31 inches, against an Humidity....

Wind Direction average of 76.77 inches.

Wind Force Weather....en

PORECAST FOR THE 24 HOURS ENDING AT NOON TO-MORBOW,

kok

hai:

15318/25th, Devicot, fram Singapore.

169 13801/26th, Merino, from Bang T3 30.04 $1724 Bar, 75m 10 € 2m 3 1 221 16738/27th, Chayeb, from Novelda.

13/93/22nd. Suito, from Bbang our 11 2.

!

District

Forecast.

winds;

Formosa Channel strong

M. E. FAIREY,

100 13 mus

Superintendert,

Hongkong. Bepiem b

morning afternoon.

Printed and Published for the

Previous

Day

date.

at 2 pm 5 am 3pm

29.88 29.92 29.92

80 57778

0.00 0.00 0.18

Temperature on the Lowest open --Temperaturs:

TBCLAXTON,

Highest open rafr

HK. Obr. TE

11. Loe Boure Street, in the City of Victoria Hörsch