1929-06-10 — Page 12

12

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THE HONGKONG TELEGRAPH,

MONDAY, JUNE 10, 1929.

NEW KUOMINTANG |REPARATION PLAN SWATOW POSITION

POLICY?

LEFT WING LIKELY TO BE READMITTED.

MOVE AGAINST FENG.

Shanghai, June 9. According to a Japanese source, the contemplated resignation of Marshal Chiang Kai-shek is a gesture to lessen the ill-feeling inspired by supporters of the Kwangel Party and the Fen-- Yu- hsiang Clique against the present Nanking Government.

The realenation of Chiang Kai- shek is unlikely to materialise, but the rumours.of a return to China

DETAILS.

FULL TEXT OF REPORT PUBLISHED.

GERMANY RELIEVED IN 1930 BY NEARLY £40,000,000.

THE_FIXED LIABILITY,

London, June 9.

The full text is now available of the Report of the Committee of and politics of Mr. Wang Ching- Experts on Reparations, a forecast wel may become a reality in the of the main proposals of which

have already been published.

near future,

OBSCURE.

ADHESION TO KWANGSI IS VERY LOOSE.

PRESS GANGS AT WORK.

Swatow, Juno17. For the second time fù a month. the office of Mayor has changed" hands,

It has been said, for some time that both the previous Mayors were in Swabow, and that the earlier occupant of the office was still exercising an undefined authority. The new man is said to be appointed by the Defence Commissioner, who acts nominal- ly under General Hou King-tong- Thoro lo, however, a persistent. rumour that ho is appointed by Canton.

To prevent the Kuomintang The main effect of the Commit- "Leftista" londing aid to Feng Yu-too's work, which has been achiev-

The situation is indeo very hsiang, the Nanking Government,ad with unanimous agreement, is following the advice of Mr. Wu to substitute a definite fixed labi-obscure, and Swatow's adhesion to Han-min, (head of the Cen-lity to cover Germany's entire ob- the Kwangsi party is undoubtedly tralist politicians) and Marshal ligation for reparations for the very loose. Probably the defeats Chlang Kai-shek, fa con- indeterminate schome launched by which that party has suffered in templating the appolatment of Mr. the Dawes Conference in 1924. the fold have made their position Wang Ching-we as Commissioner Thereby it is expected that fin-here untenable, and a few days. of the National Government. ancial, economic and industrial in- should make that plain.

Mr. Wang Ching-wel was interests throughout the world will 1927 the Chairman of the Central benefit. Executive Committee of the Kuo- mintang Party. He is well known for his connexion with the inde-plan, Germany pays the equivalent pendent Government at Hankow of £125,000,000 a year for an inde-out and numbers of burdon-bearers finito period. By the new plan, werd seized. It is said that a in 1927 which was set up by the she would make thirty-seven an-move up the Han River is con- Kuomintang extremists in opposi tion to the Nanking regime under Chiang Kai-shok,

An important meeting of the Central. Executive Committee takes place in Nanking to-day.

:

At present under the Dawes

There is no news at present of any threat to the port, and busi- ness is more normal, though the general uncertainty romains.

Yesterday the pross-gangs were

nual payments of an average templated: value of practically £99,460,000.

1

Immediate Rellel,

to

With the service of the Dawes The principal Item 011 the loan, such payment amounts agenda will be the election of an average annuity of 8102,500,000. three commissioners to fill the

The plan comes into operation on vacancies caused by the dismissal September 1st, 1929. of Feng Yu-hsiang, Li Chung-yon The first full year begins with an and Li Chai-sum, who were dis-annuity of £86,400,000 reducing the missed by the C.E.C. on account of requirements for 1930 by nearly their alleged political opposition to £40,000,000 as compared with the Chiang Kai-shek.

It is understood that Wang Ching-wei, (a "Leftist), Yu Yu- jen, a "Leftist") Ting Wei-fan, (Leftist), Chu Pei-teh (pro-Chiang Kai-shek militarist), Tang-Sang- chi, (fornier tupan of Hupeh and Hunan) are to be recommended.

The C.E.C, will also consider the lasue of

á punitive mandate against Feng Yu-halang.

NAVY DRY DOCK AS RESERVOIR.

(Continued from Paga 1.)

MACONTEUSERCONTINENTS:

TO THE HOUSEWIFE.

Do your bit in the water crisis. Don't waste water yourself, and see to it that your servants don't.

AUCONAZON KIRGILINCS SZEREPETTATATATANIUMNICIMAL

Dawes plan, and annusi payments increase progressively until In thirty-seventh year, the annuity is £121,450,000:+NAL

Then, for a further twenty-two years, Germany with the assistance Water from Outside.

of the special reserve funds of the The importation of water from International Bank is to make much outside the Colony has also begun. smaller annual payments just to One of the Douglas boats has cover the allied War Debts, varying brought water from the coast between £80,000,000 and £85,000,- parts and delivered it to the new 1000. tank near the Douglas Wharf. The

It is important to note that while

Germany and War Debts.

"A possible explana-| tion of this might be an intention to withdraw what troops remain locally via Tai-pu and Kayingchow This, across to the East River. however, is a speculation.

A day or two ago, Chaochow-fu 'was still nervous, and its shops wore ahut.. Inquiry showed that the Kwangsi troops there are not more than some 1,500 men. It is these apparently who are to be moved.Our Own Correspondent.

MR. MACDONALD'S POLICY.

(Continued from Page 1.)

Canada to be Invited.

If such a meeting"is arranged, the Cabinet would probably take the view that the Canadian Gov- ernment should be represented," and the Canadian Premier, Mr. Mackenzie King would probably be invited to join in the conver sallons.

The Daily Herald has reason to belleve that Mr. MacDonald's view of the desirability of per- sonal contact. Is shared by Prest- dent Hoover and his advisers, and that they would gladly facilitate such a meeting.-Reutor.

Mr. Sidney Webb.

naval tug "Cherub" has also no judicial connexion exista It is Interesting to learn that brought water from beyond between reparations and war debts, the new Secretary of State for the Kongmoon. This water is the Experts have made a Defacto Colonies, Mr. Sidney Wehl, paid chlorinated as soon it is taken relationship between them,

a visit to Hongkong some ten aboard so that the chlorine has its

years ago. He is believed to be full effect before the water passes

the only Secretary for the Colonies They have proposed that if there to have ever seen Hongkong. Work was going on in Wyndham is any reduction in debts during, So far 43 memory serves, Mr. Street yesterday in trapping the the first thirty-seven years, two-Webb came here on a pleasure water in the nullah from Glenealy, thirds of this relief shall profit trip only and did not stay very A pipe was put down at the Germany and one-third shall bene-long, Wellington Street corner.

into consumption.

it the creditor concerned. During The Government is still in the last twenty-two yeare Germany vestigating the prospect of bring would benefit by the whole relief, ing water down by train. The

Of each of the first thirty-seven nearest supply is from the Shing annuities, a sum equal to £33,000,- Mun at Tide Cove, after that 000 is payable without any right Taipo, and after that, Shun Chun. of postponement. The Committee The last-nanied, however, would recognises this is a conservative entail a good deal' more time and amount, but they consider it wiser trouble.

to underestimate than to run the risk of weakening German credit by fixing it too high.

NANKING POLITICS.

KWANGSI SYMPATHISER

RESIGNS.

Nanking, June 9. Upon the resignation of Mr. Taal France's share in this, un-Yuen-pel (Conservative) from the conditional portion is £25,000,000. portfolio of Chairman of Nanking

Control (or Ceasor) Yuen, Mr. Yü} Yu-jen, (Leftist leader) has been

Dry Duck As Reservoir? An interesting suggestion is that the Naval Dry Dock should be used as a reservoir. The naval authorities have no objection to this, but difficulty is the seepage. of salt water. The P.W.D, en- gineers are examining the proposannuity, Germany, by giving ninety Yuen-pet bad connexion with the

As to the major part of the appointed to the vacancy.

The resignation of Mr. Tsai daya' notice, can in view of grave political defeat of the Kwangel

tion.

Payment Postponements.

4

The promise of rain has not economic difficulties, suspend it Party, to whom the Conservatives yet been fulfilled. We under for a period of two years. stand that rain-making ceremonies have been carried out by the payments is to reflect the antici.

The constant rise in the annual have shown sympathy. Chinese in the New Territories.. pated increase In Germany's pros. A.

It may be taken for granted that perity.

that comes to her is £22,850,000 thers will be no actual water The sources of the annuities are in 1940, famine this summer, A certain to be the German railways and the quantity will be available for all, budget of the Reich.

In the last of the thirty-seven years, she receives slightly less

but unless we get a good deal of The experts have also decided to though the total Increases to rain the position next winter will maintain deliveries in kind for a £121,450,000. The net result from be very serious,

A

S

A

An

Overflow of

H

JAPANESE BOYCOTT

I

ENDED.

Every

B

Boffle

E

E

MITSK32

BUSSAN

KAISHA, LA.

R

Enjoyment In

Beli Aganta. Hongkong."

Printed and Published for the Proprietors by FREDERICK PERCY FRANKLIN, st 1. and 8. Wyndham Strest, in the City of Victoria Hongkong,

period of ten years. During the Great Britain's point of view In first year, their value will be that her share is somewhat lower £37,500,000, but they will decrease than would come to her on the progressively to £15,000,000 in the existing basis.

tenth year, when deliverles in kind

will cease altogether.

SWATOW COMMITTEE BEING national Bank.

WOUND UP.

Germany's Responsibility.

In regard to the International Disbursement on this account, will be managed by the InterBank, which is to be established, Of these de. the report says: "The Bank ex cludes from its procedure all poli |liveries Great Britain takes 28 per

and tical influences,

business cont, and France 54 per cent.

principles and practice intervene. Britain's Share.

to facilitate the settlement of Germany's obligations without in

Swatow, June 7, The Salvation of the Kingdom. Committee, the name urlder which

up its affairs,

.

the Japanese Boycott Committee the whole annuity, the object of dent and sole responsibility. The

As to Great Britain's share in any way qualifying her indepen camouflaged itself when the boy the British experts has been, first Office for Reparation Payments colt should have ended, is winding of all, to provide year by year, a and its associated organisations in This in on the instruction of the cover for the American debt, Berlin, will be retired and the Pupilage Committee of the Kuomin- leaving over and above this, a con-Reparation Commission's relations tang, and indicates the real close tant sum to meet. Dominion with Germany will lie terminated. of the boycott.

claims.

Germany will assump the reapon- In the first full year, beginning ability for raising and transfer- next April, Great Britain receivering the annuities and the Bank (Continued on Page 12.). takes over the work of their receipt £18,350,000 out of the total annuity and disbursement."-British Wire- of £85,400,000. The largest sum 'less.

The carrying out of the boycott is left to the feeling of self-respect on the part of individuml citizens; In other words, the thing is called off. Our Own Correspondent."

THE FAMOUS LAUGH TEAM IN THEIR LATEST AND MOST UPROARIOUS COMEDY!

See what happens when these hilarious funsters are sent to prison where they both fall in love with the same girl!

KARL DANE

GEORGE K.

ARTHUR

in,

Based on the story, "Big Hearted Jim,'

BROTHER OVE

A

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