1929-12-07 — Page 2

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for Soft

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CORRESPONDENCE.

Hongkong Rents,

[To The Editor of Hongkong Telegraph.]

THE HONGKONG TELEGRAPH. SATURDAY, DECEMBER 7, 1929.

Sir,-Your correspondent "Com mon Sense" raises a cry in your columns against rent reduction in the Colony without a clear percop tion of the facts involved in the issuc...

"

BANKNOTE CASE.

MONEY-CHANGER GIVES ·

EVIDENCE.

Suggestions that the accused was asked to put his signature to u different set of numbers than those of the notes which first appeared in the dispute and that he was as saulted by the police, were put forward by the defence when the hearing was resumed before Mr. A. W. Go H, Grantham at the Cen tral Magistracy yesterday, of the case in which a foki employed by the Lee Eung Hang shop Bonham Strand East is charged with pos sessing and with uttering six forged $100 Chartered Bank notes.

So far as can be gathered from the manifesto issued by the Rent Problem Commitico recently, it is obviously not the intention of the Committee to approach the local Government to introduce legisla

Inspector John Murphy, who tion for the purpose of curtailing was in charge at Central Polico renta so much, as it is with the Station when the accused was specific object of forming a com- brought in on November 4, stated mittee to ascertain how far present that upon being shown the notes, rentals affect business in general. he sent for the Chung Kee money. According to a consensus of opinion changer. The expert declared the among the merchants in the bubl-notes were genuine, and before he ness centres of Hongkong, rent released the accused, instructed docs at the moment constituto the that the numbers on the notea biggest item in the overhead "ex- should be taken down, penditure, and the primary cause for which is traceable largely to crafty and relentless speculatora in properties. True enough, property owners are entitled to a legitimate return for their investments, but üncarned incre- certainly not an ment out of all proportion, to the detriment of the merchants, more especially in time of severe trade depression like the present. In" a period of prosperity, the Colony may not mind the disproportionate profiteering so much; but during abnormal depression, the merchants and shop-keepers would feel the slightest pinch and twist in the hands of the merciless landlords.

Coming now to the question of supply and demand, on which your correspondent "Common Sense" ap peurs to lay so much stress. But the adverse is also true, in that,

In cross-examination by Mr. Leo D'Almada, Jnr, for the de- fence, witness said that they al ways sent for the Chung Kes whenever any difficulties arose im the matter of banknotes.

Mr. D'Almada: And he is usual ty infallible?

Witness: Usually.

On this ocension for how long did he examine the notes?For five minutes. He had a good look at. each nole.

Anyway, he had no doubt but that they were genuine-He was sure they were gemine.

Replying to other questions, witi ness sald he did not see the num

bera being taken down on his ins- tructions, except that be did ins

fuct at Chinese constable to do it. He did not tell the constable to get the defendant to sign..

Mr. D'Almada: 1t"might be

Witness: Well, you have police evidence.

Mr. D'Almada: That also is in- fallible?

for cross-ex

Mr.

speculative landlords time and rather awkward, would it not, if again take advantage of the demand these numbers were not the num for shop premises in certain busi-bers of the notes concerned? ness centres to exploit the tenants for high rental. Was it not a fuct, that before the crises of 1925, there was a wholesale and blatant specula- |

Found Notes to be Genuine. tion of properties in Hongkong, which brought on the disastrous

The Chung Kee man next gavo ruination and setback to trade in evidence. Introducing him as the the Colony? Then, too, from innfallible money-changer,” Mr. J. vestigation made, it has been found. Armstrong (for the complain. that there are landlords who have

ants) offered him made It a practice to acquire pro amination by Mr. D'Almodn. perties in busy centres, with the

Witness, replying to All Chemists and Stores have avowed object of raising rentals D'Almada, said that he found the for sheer apeculation. It is this notes to be genuine when he ex- Erasmic Toilet Specialities.malpractice that has inflicted hard-amined them on the day in ques

ship again and again on the long- tion. He had to be extremely shop-keepers. This careful when handling these Char- established ERASMIC PERFUMERS, LONDON | sort of speculation was, of course, tered Bank notes as there were even more aente during the pre-many forgeries on the market, and strike and boycott crises of 1926, he had known Banks to be very so-much-go, that the speculative reluctant in accepting them. Handlords had gone the lengths, in

Shown the forged notes, witness a frenzy of speculation, of taking declared them to be extraordinari- first, second and third mortgages ¡y good. Ife did not tell anybody on their properties. To some ex-while in the charge room to take tent, the debicle in 1925 and its the numbers down, nor did he hear aftermath might be attributed to anyone making the suggestion that such form of over-speculation. the defendant'should sign a list of

Incidentally, it may be pointed the numbers. out that not' so long ago, was a movement afoot in Tokie for voluntary reduction of rentals, the definite objective of which, if the writer understands the situation aright, was to enable the merchant class as a whole to compete more effectively in the foreign market. Let us not forget that Hongkong is a distributing centre and high rent means high labour and high labour tends to divert the local trade to other channels.

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A Chinese constable slated that on instructions from the Inspector he took down the numbers of the notes in his note-book (produced). On the following day he was with the defendant when the latter was gain taken in custody back to the Central Police Station, and waa with him for an hour-and-a-half while a statement was taken by Sergeant Kennedy. Although de fendant was taken back to the Station in handcuffs he remained free of his encumbrances while Putting the issue in a nutshell, being questioned in the Detective It is the express intention of the office. Witness did not see any Rent Problem Committee (1) to rulers lying on the desks in the approach the local Government to room, and dented, in cross-cx- reassess all properties in Hongkong amination by Mr. D'Almada, that with a view to eliminating abuses he struck the defendant across the or assaulted and to put a atop to high rent that knees with a ruler is not commensurate with taxes him in any other way while the in- paid to the Government. That terrogation was proceeding.

At this stage the case was ad- alone is a grave injustice to the tenants. Rent should be paid ae-Journed until Friday. cording to rate of property value and (2) the Committee mukes a strong appeal to the Government to take into consideration the question. of one month's notice given to the tenants to quit premises. Taking into account the present hard time, the month's notice is rather short and something should be done to allow an extensión. of time.

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