1930-06-26 — Page 10

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(3A P.B. 13

NEW TERRITORIES SHOW.

TO BE HELD AGAIN AT

SHEK WU HUI,

The next agricultural show in the New Territories will be held this year at Shek Wu Hul, an early date being arranged to onable farmers to send in better exhibits.

THE HONGKONG TELEGRAPH, THURSDAY, JUNE 26, 1930.

COLONY'S RICE SUPPLY.

EFFECT OF TONKIN EMBARGO,

merchant. There is still plenty of paddy up country, and under normal

The main shop of

circumstances it must come on the The Jade Tree Inc.

markat before the end of the year, becauso (a) it deteriorates by storage, and (b) if kept up country there will be little storage room for next year's crop.

The effect on Hongkong and Kwangtung of Tonkin's embargo circulating

The action of the Government

current prices all

on the export of rice, was discus-through the interior has also not on the sed at yesterday's meeting of the been without its affects. Chinese Chamber of Commerce. farmers, who, owing to several good years, can afford to hold on to their stocks for some months to come.

The meeting was presided over Regarding the Co-operative Sys- tem that is being worked out to by Mr. Li Yick-mui, supported by Lesist the farmers of the Now Mr. Chan Heung-pak, the Secret

Territories, the scheme is still inary. the hands of a sub-committee of

The question of demand will determine whether prices will remain at their present bigh level The Secretary read out the or drop considerably during the

•

the New Territories Agricultural following report on the Salgon rice next three months. At the moment contracts, outstanding and export- Show. A complete plan has been market which had been sent to the there are practically no forward worked out by Mr. Fung Ki-cheuk, Chamber by the Colonial Secretarying firms are doing no business. but before its adoption the com- for the information of Chinese mer. The owners of the paddy are refus ing to sdl except at their own that in mittee is comparing it with a plan chants: forwarded to them by the Govern- The 1930 exportable surplus has prices. Their view is ment showing a similar scheme been estimated to be about 1,200,- August and September certain coun- 000 tons. This year owing to a tries like the Netherlands, East adopted in many cities in India.

crop failure in Tonkin, a certain Indies, Philippines and Shanghai The formation of the New Ter-amount of the surplus will be re will be compelled to buy on this ritories Agricultural Association quired for that part of Indo-China, market. At about this time the will be discussed at a meeting ar- Tonkin has prohibited the export position will be further complicated ranged for July 19. At this meet- of rice in all its forms and has by the arrival of the early Cam ing, it is probable that the Articles already purchased some 8,000 tons bodian crop on the market. This rice, though not of very high of Saigon rice. of Association will be adopted.

The Committee are looking for- At the moment the market is quality, can satisfy the require

ex very dead as the price of Saigon ments of "Java quality.”

of writing ward to a bigger and better

'At the moment hibition this year. The site will rice is considerably above that of

and Siam. Another a further drop in the value be exactly the same as that selected Rangoon last year and as this is near the factor is that, lured by hopes of of the Hongkong dollar has caused a result there is a railway station and is generally a higher prices later in the year, the that market to close down on pur convenient spot, they hope that farmers and middlemen are holding chases and as many more people will be attracted up their stocks of paddy in the in- tendency for the market to become

terior and not sending them down a little easier. to it.

to the mills."

Rice exporters in Saigon

ΑΓΟ

A Swatow Protest, Regarding the last exhibition, the

Mr. Chan Heung-pak informed prizes presented by Sir Cecil Cle ment! and the Hon. Mr. W. T. going through a very bad time, for Southorn were won by the fifth dis-which they themselves are largely the meeting that the Chinese Cham- and ber had received a letter of com October responsible. Last trict, they having sent the largest November the exporters sold for-plaint from the Chinese Chamber of number of exhibits, Lady Ho

fertilizers into Tung won the Hughes prize, being ward, for delivery at various times Commerce at Swatow protesting the most successful exhibitor. She up to the end of May, large quanti-against the exports of foreign were Swatow, which, they say, are detri- has won this trophy for three years ties of rice. These contracts were manufactured

mainly with Shanghai and in succession and now retains it. Mr. E. V. M. R. de Souza won the made before the piastre and franc mental to the soil and are generally prize presented by Mr. J.. Bullock were stabilised "de fait" at the end doing more harm than good to the of December at 1 piastre equal to rice fields and other plants. The for the best poultry.

10 francs. Though this stabilise-letter points out that over 350,000 tion has not yet been officially con-bags of fertilizers are imported an- firmed it is still "de fait" at the nually into Swatow. moment: The exporters had not The Hongkong Chamber decided completely covered their sales. As to take no action. a consequence, though they made a good profit to begin with, the Chi-

The Secretary informed the meet-! nese paddy merchant, knowing their predicament, put up his prices,ing that a further letter of com- thus forcing the exporter either to plaint concerning the presence buy at the higher rate and fulfil his the water tanks along the Praya, contract at a loss or else not to buy had been received from Mr. Leung but to cancel his contract and pay Kwai-tin, who stated that the tanks heavy damages. It is estimated that about two million piastres have already been lost this year by rice exporters.

It is learned that Sir William Feel has been asked to become a patron of the Show.

The Financial Report.

In presenting the financial re- port in connexion with last year's show, the Committee write:

The first show was held on 8th December, 1927. Thanks to the generous and enthusiastic support of the public, the work has been marked by a series of successes from year to year, steadily exerting beneficent influence upon the villa. gers throughout the New Terri- tories,

From the above remarks it will be realised that the external-posi

The Water Tanks.

of

were obstructing the Praya, thus causing great inconvenience to the coalies working in removing cargo to and from steamers to the godowns at Connaught Road West. The Chairman. informed the

of

is in The Arcade PENINSULA HOTEL There you will find Hand- made Jewellery, Pictures and Treasures of ancient Dynasties.

the

The famous. Jade Tree rugs are on display at THE JADE TREE INC.

HONGKONG-

New

Victor

Records

FOR

June

TSANG FOOK PIANO CO.

8, Des Voeux Road, Central,

(Entrance Ice House Street.) Telephone C. 24648.

In order to have the display with- tion does not yet in any way affect meeting that the Chinese represen- PERMANENT WAVING the power of Saigon to supply rice tatives on the Legislative Council to Malaya but the governing factor had been notified of the matter. Shek Wu Hui, in close proximity is rather the willingness of external.

in easy access for farmers and visi- tors, the last show was held at

It is understood that the Govern-

to Sheungshui Railway Station, markets to pay the inflated prices ment has begun the removal of the thus affording greater facility for demanded by the Chinese paddy tanks. the transportation of exhibits and exhibitors and the results proved far beyond expectations.

It necessarily follows, of course. that the expenditure for 1929-1930 has turned out to be greater than in previous years. This is mainly due to the printing of a more attractive handbook, for advertising, enter- tainers, etc.

As will be observed from the ap- pended statement of account, the total receipts and payments were as follows:

Total Receipts Total Payments.

$2,962.09 $2,981.31 Debit Balance:

19,22

$2,981.31

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