1928-01-17 — Page 10

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LEADLESS WHITE OF THE HIGHEST GRÁDE | FIREPLACES NEAT DESIGNS ⋆ HARMONIOUS COLORS

SOLE AGENTS

SHEWAN TOMES & CO2HONG KONG.

THE HONGKONG

FORTY MILLIONS.

TELEGRAPH,

TUESDAY, JANUARY ✨ 17, 1928.

YACHTING.

RISE IN GERMAN EXPORTS.

· PEKING EXECUTION,

NANKING'S PROPOSAL TO

ISSUE A LOAN. ^,

LADIES CHAMPIONSHIP. COMPETITION.-

MATTER OF CONSIDERABLE SIGNIFICANCE.-

4:

| EDUCATIONALIST SHOT FOR:

CONSPIRACY.

Peking, Jan. 16. Kao Jen-shan, the dean of the The sixth race of the suries in the

The export of German com-Yiwen Middle School at Peking, a Ladies' Championship was sailed yes- terday over a course, Channel Locks modities is now a matter of far graduate of Columbia University, (S), Mark in Quarry Bay (S) and greater significance than it was who has been in custody for Kowloon Rock, a distanco of 6.0 miles, before the war. Although, like several months, was found guilty The results wore as follows:

Handicap Class.

Nanking, Jan. 11," Following is a translation of the revised regulationa, governing the second issuance of the 23% per cent Customs Suntax Treasury Bonds, submitted by Mr. T V Soong, Minister of Finance, at the 31st meeting of the Government Yacht Council of the Nationalist Govern-Diana ment and which was sanctioned at Calleon

Rolla the same meeting.

all industrial countries, Germany of conspiring against the govern usad to import more than she exment and shot yesterday morning Salling Corrected Post-ported, the payment of the ad-outside the Temple of Agriculture,

Timo. tion. 4.18.88 4.17.30

verse balance could be easily met by order of the War Ministry- out of the interest received from Router,

abrond: But! 3 capital

tho, seizure of the greater part of

4.21.18

4

4.10.18 4.17.11 4.14.47

"1. Y. and G. Class.

4.17.11

Dorothea

.. 4.20.41

Alisa

4.42.16

4,35.04

Pierrette 4.42.15

1. These bonds shall be named Bonds of the second issuance of the Surtax Treasury Bonds of the Halcyon Nationalist Government.

5

7

442.100 4.35.04 4.39.48% 4.34.15% 2. The said Treasury Bonds Thecla..... 441.38

4.82.58 shall be issued with the sanction Why Wonder 4.34:54

4.42.14 4.40.16 of the Nationalist Government Wings......

¡4.89.15 4.37.17 upon petition of the Ministry of Bluenose

Boujum 4.32.82 4.30.34 Finance.

Adolo

3. The total amount of the said Treasury Bonds shall be fixed. at $10,000,000.

8

invested

pay for

har foreign nsacts by the x any means adequate to enemy. Powers and the destruc- even the most necessary imports. tion of home capital by the in- From January to September, 1927, flation have left Germany with In the imports totalled 10.3 million aufcient

means wherówith to

marks, and the exports. 7.4 mile settle an adverso-balance of trade; ions: consequently, so long as her im

Hence the balance of trade ports exceed her exports, she is was adverse to the extent of forced to borrow money in order practically. 3 million marks. to pay her way.

Since the other revenues of Ger- If again, it be remembered

man economy-ie, the so-called that the enormous annuities of invisible exports, such as ship- the Experts' Plan have to be met ping freights, travellers' expendi by the export of commodities, it tare etc. are far too becomes clear that the German meet this deficit, Germany is export curve assumes a decisive forced to settle her balance of On. Sunday morning bandits at-importance in regard to the payment by means of foreign

4.35.254.38.27

POLICE ATTACKED. BANDITS KILL CHIEF AT

YUANHSIEN. ·.

the

Hoans.

An Enigma.

small to

4. The said Treasury Bonds shall be applied to make up the deficit in the military and govern- mental budgets of the present

Féking, Jan. 16. year, and also for the reimburse- ments of the short-term govern-tacked

Yuanhalen police economie life of the country and mental loans of the Nationalist station near Tunghwa, killing the the standard of living possible to Government.

chief of police and capturing its inhabitants.

It is to be noted that the bal- 6. The monthly interest of the several rifles, The bandits are re-

Interesting Table. sald Bonds shall be fixed at 8 per ported to be attempting to control The following table provides ance of payment just referred to the prefectures of Tunghwa, Lina comparison in millions of marks leaves altogether out of account klang, and Yunn.

of the export figures for the Arat the annuities payable under the nine months of the years 1926 Experts' Plan and that these and 1927:---

cent.

6. The enld Bond's shall be issued nt.8 per cent. of the par value, i.c., a $100 Bond.can be pur- chased at $98.

7. The said Bonds shall be issued from the first day of the tenth month of the 15th Year of the Republic of China.

9: The interest due on the Bonds

The tupan of the border regions is offering $10,000 reward for the capture of each of the ringleaders.

Chang Tso-lin has ordered Wa Chun-sheng to despatch a further 1,500 troops there and to direct operations himself.-Router.

BRITISH MARKETS.

CANADIAN AGRICULTURAL +

EXPECTS TO STUDY

January. February March April May

1925: 1027:

802.3

800.1

788.0

767.8

927.0 84-1.0

-782.0

798.4

721,0

835.0

761.0

750.0

Japan,

of Wales.-British Wire- present year. In spite of this China); 2.4% to Africa and the

revival, the exporta are not by remainder to Australia:

OXYGEN:

ACETYLENE DISSD." AMMONIA, AIR

NITROGEN CARBONIC ACID. CARBIDE HYDROGEN, NEON ARGON

NITROGEN." :

+

(On special request)

THE FAR EAST OXYGEN ACETYLENE Co., Ltd.

OFFICE P. &, 0. Building," 5th Floor Phone Tel. 0. 2344. WORKS:—To Kwà-Wan

- Tel. K. 789:

M. J. E. QUILLOT, Manager.

W

WESTINGHOUST ELECTRIC

DISTRIBUTORS.

Exchange Bldgs,

Tel. 0.673.

annuities will amount, to 2,500 million marke from September 1, 1028, onwards. From these data it is clear that, if' German economy is to meet its obligations, there will have to be an essential increase of German exports. June 8. Upon the issuance of the said

How this increase is to bo Bonds, an interest of three months

July

$23.2 848.0

achieved remains, an enigma" so August

836.4" $68.5 will be paid in advance; from the

September

840.0 933.0

long as the German workers claim Grat month of the 17th year, to the

Viewed as a whole, these statis- the same standard of living is 12th month of the 18th year of the

tics reveal, from March onwards, that of other countries and the Republic of China, the interest of the said Bonds shall be paid

London, Jan. 16.

a gradual increase in this year's ring of customs tariffs renders regularly once every month; from Canadian agricultural experts exports as compared with the pre- the export of German commodi the first month of the 19th year, have arrived in Britain on a tour vious year. This is all the more ties so extremely difficult!

As regards the geographical one-fortieth of the principal and designed to acquire greater know. remarkable inasmuch as, in 1926,

exports, the regular interest shall be paid ledge of the markets and learn the exports of raw materials distribution of German every month. At this rate, both the more of the movements to deve-e.g. coal and iron-were favoured, it may be mentioned that, in the principals and interests shall be flop the markets within the Em-by the British coal strike. More: first half of the year 1927, 70 per taken by European totally reimbursed by the end of pire, and to help trade between over there has been decisive in- cont. was the 4th month of the 24th year.

Canada and Britain. The party, crease in the Agures for finished countries. Next followed, though which includes representatives of manufactures. In the returns for far behind, America with 17 per: Repayment Funds.. the Federal Government and some the last quarter, there is a very cent., North and the South shar-" of the Provincial Governments of noticeable increase, not merely ing in roughly equal parts. Ten of the roll, during the visit, be as compared with. 1926, but also per cent. of Germany's exports Reiss, Massey & Co., Ltd. from the date of their is uance to received. by the King and the in the previous months of the went to Asia (India, the 12th month of the 18th year, Prince will be paid from the entire por-

Less: tion of the Export Duty and Luxury Tax of the 24 per cent. Customs Surtax, and an additional fund of $320,000 to be appropriated from the Parcel Post Duty of the Kuangsu province, ds the amorti- zation fund for the payment of the interest of the "above-specified period, to be kept in the custody of the Amortization Committee; from the first month of the 19th year, the entire proceeds from the 24 per cent. Customs Surtax and an additional $110,000, from the Export Tax Duty of the 21⁄2 per cent. Customs Surtax, shall be appropriated as amortization funds for the reimbursement of both the principals and interests until the entire lona shall be redeemed; that the Ministry of Finance of the Nationalist Government shall instruct the Superintendent of the Shanghai Customs, the various 2% per cont. Customs Surtax Collection Bureaux 'and

the Kiangsu Provincial Finance' Com- missioner, to carry out these regulations accordingly.

19

10. No changes shall be made both in the stipulated period and amount of reimbursement specified in these regulations with reference to the amortization funds of the said Bonds in case of.... changes in the modes of collection of the customs, duties, and the Ministry of Finance shall instruct the Superintendent of Customs to make the regular and full appro- priations every month as above- specified, in the event of the In- creasing proceeds from the cus- toms duties.

11. The Board of Trustees for the amortization funds of the 2% per cent. Customs Surtax Treasury Bonds, "ahall be commissioned to take charge of the affairs of pay- ing the monthly interest and reimbursing the principal of the said Bonds.

12. The par value of the said Bonds shall be classified Into the $10,000, $1,000, $100 and $10, four kinds.

18. The said Bonds shall be 'is- sued as Bearer Bonds,

14. The said Bonds can be held as bank reserve and also as col- lateral and securities in transac- tions with the Government.

15. Those who counterfeit the Bald Bonds or undermine the credit of the said Bonds, shall be rigidly. prosecuted according to law- Kuo Min.

#

· TAKES A REST.

CHIEF GOVERNMENT WHI

GOES TO JAMAICA.

London, Jan. 16. Commander Eyres Monsell, Chief Government Whip, has been ordered a complete rest and has left London to-day with his wife for Jamaica. Sir George Hennes- sey will act as Chief Whip during This absence. British Wireless.

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