1931-01-24 — Page 2

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Phone No. 52008.

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Music

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MUR. J. M. OXBERUY.

Proprietress.

PENANG

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Dance Twice weekly

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DANCING:

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GRILL:

After Dinner every Tuesday, Thursday and Saturday, On the VERANDAH every Saturday from 12 noon to 1.30 p.m. and every Tuesday, Thura- day and Saturday from 7.30 to 8:30 p.m.

Telephone. 5341 (8 lines) Cables "EUROPE" Singapore.

THE EUROPE HOTEL, Ltd. Arthur E. Odell Managing Director.

E. HING & CO. SHIPBUILDING MATERIALS, SHIP CHANDLERS HARDWARE MERCHANTS.

25, Wing Woo Street.

Lung trouble

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SCOTT'S

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The protector of life

FESH

1

THE HONGKONG TELEGRAPH, SATURDAY, JANUARY 24, 1931.

CHINESE ECONOMIC

CONDITIONS.

COUNSELLOR'S REVIEW OF THE SITUATION.

A report has been issued by the Department of Overseas Trade en "Economic Conditions in China to August 30, 1930." It has been com- piled by Mr. E. G. Jamieson, C.B.E., Atangan, Counselier at Stanghal, and with it is sintement on the trade of Manchuria by Mr. W. B. Cunningham, British Consul at Dairen.

the fostering of home Industries, and restrictive legislation on the part of the Chinese Government, are all factors which will have to be reckon- ed with. The days of large profits in | oki-established lines of trade aro gone, and only the closest co-opora- tion batween the manufacturer and the agent or merchant here can help British trade to regain its former. pro-qminonce."

It

sought

tain the sale of an established pro-

to take the risk otherwise.

"It must be remembered that in-

DEATH OF MILITARY OFFICER.

COMMANDED' MAHRATTAS IN

HONGKONG.

ducts and arts. Late Colonel Bird-ou

Sir William' Birdwood,

Mr. Edney Page Dies at Age of 80.

THE GLEE SINGERS.

now,

SOVIET ACTIVITY IN CHINA.

THE RED REPUBLIC IN KIANGSL

n

RECORD BOOKINGS FOR SEATS REPORTED.

Record booking is reported from Colonel William Spiller Bird. Moutrie's for the forthcoming sea-

Reports from China which have wood, late Indian Army, who died son of six nights and one matinee

according Leading Traders' Viowa. on Boxing Day at Colmer, of the Westminster Glee Singers renched Moscow

Devon, at the age mer Modbury, and intending patrons are advised to the Riga correspondent of the Mr. Jamieson then quotes the following expressions of opinion from command of the 110th Mahratin to make their first visit carly in the Times, that the new-born "Chinese

as the programmes lending British merchants in Shang- Light Infantry for 24 years on season,

are Soviet Republic," with its chief cen- ແຍ In Klangal Province, is already kal and Canton which are of interest: active service in China, ftationed changed every night and once the tro

Internal difficulties "It would seem necessary to Impress

at Kowloon.

company has been seen and heard, experiencing upon the manufacturers the necessity

and their novel and unconventional similar to those which have afflict- Colonel Birdwood was the son of and of presentatior has caught the Communist Party of the The report states that it is no of meeting the competition of the Sir George Birdwood who for many with the audience, the same USSR., and that the Chinese Com- exaggeration to any that China la manufacturers of other countries years was a special commissioner on faced with a very grave "financial who reallga that trado crisis unless peace is quickly re-

cannot at the world's exhibitions in both faces are to be seen at the theatre munist Party has its Left Wing he secured unleas

and Right Wing heretics who op night after night. This is obvious. stored." Happily, ponco has since and that arrived, but the report gives an up- Te introduce a new articlo or main-on oriental and Far Eastern pro-out from London nearly three years {mination of Chinese kulaki [woll- the seeking costs money, hemispheres and was an authorityy the case, as the company has been pose the official Leninist policy, capecially as regards the extor to-date review of the legacy of

duct it is necessary to expend cash, wood was uncle of Field Marshal Canada, 10 months in

including 18 months in disorder left by the war, with which

to-do peasants]. the authorities are now called on to In the first place, the bread of the

Australia and four in New Zealand, and thoir But, the statement continues, the grapple.

The hand-to-mouth policy waters may come back and may not. enforced upon the Government by the The Americans realise this and sup-

tour of the Dominions will not be Chinese Communist Party has a incessant military operations has been port their agents accordingly. The

concluded until the end this year, centre of about 200,000 orthodox carried to such lengths that there is British manufacturers for the most

09 Japan, India, Africa and Egypt members, who have decided to cast No source of revenue which is not part do not, leaving the cost of The death took place at the have yet to be visited.

out alt Left Wing and heavily encumbered with debt, some-Introduction up to the merchant. Country Hospital, of Mr. Edney The success of the Westminster Right Wing waverers and en- times at most exorbitant rates of in- The result in that no merchant will Page, one of Shanghai's oldest re- Glee Singers has been accounted for force the following fourfold pro- terest. Though all the foreign loan undertake an agency unless he ssidenta. Mr. Page, who was pro- by the general excellence of each Framme: (1) The creation of and Indemnity obligations secured on almost 100 per cent. ure of securing minent in local church and masonic one of the artists, instead of hav-strong, trustworthy Red Army with the Customs revenues in 1929 and in profitable réaults. He cannot afford activities, was in his 80th year. Ing one star, and the remainder the organisation of a stable Soviet firm territorial foundation; (2) the Grat eight months of 1930 were

Mr. Page resided in China for most clearly "supports",

which duly met, the doubling of these re venues through the tariff increnses of

most cases the merchant handling Approximately 12 years, coming to the Westminster Glca Singers cer-territory, based on the Red Army within the Sovietised Government British goods provides the selling or Hongkong in 1889, to join Messrs. tainly have not. And the fact that territor ganisation, undertakes advertising and Brewer and Co., booksellers and such a light note has been struck forces; (3) the Increase of this anaumes all the riska of the trans- stationers. After spending some in the programmes, with so many territory by fomenting economic netion, and in machinery must give years in the Crown Colony, he comedy items and droll quartetten, tiers of Soviet Chinn; and (4) the warfare outaide the present fron- more or less extended credit for which went to Shanghal, where he aa draws the man in the street as consequently he is obliged to work on sumed the Managing Directorship well as the keen musical critle who carrying out of a systematic and conservative lines. Were be in of Messrs. Brewer and Co. He finds his demands in beauty of song consistent policy within Soviet position to be more adventurous, the held this post until the firm was as well as interpretation well cater China for the accomplishment of a

liquidated two years ago. Mr. ed for. The big company orrives Communist agrarian revolution. Page retired from active business from Manila tomorrow by the Pre- taking more riska.

and up to the time of his death,sident Jackson. "The question of price competition served na secretary to the Trustees is, of course, another and a

of Holy Cathedral Trust. very The merchant can

of his the Deputy District Grand Master serious problem.

During the later years advise regarding the competition to life. Mr. Page took great interest of all English Lodges in China, be met. but absimsly it must be up in church netivities and in the having held the following ranks:

manufacturers Lo

devise construction Df the Cathedral | Past Principal of the Zion Royal widow. He leaves two daughters. School, Heary Lester Endowment. Arch Chapter; Phat Master of the Mrs. Vanbergen, who is at present Mr. Page fod a very quiet life, Tuscan Lodge, and in England he in America and Mrs. Dobbey, now third daughter, taking no part in club activities, held the rank of Past Grand Stan-in Tientsin. A He was, however, a very active dard Bearer.

now deceased, was the wife of Dr. af China; and the usual Hints for the Mason, being one of the highest Mr. l'age was married twice, his A. C. Bryson. nephew of the use of Commercial Visitors are app-in local Masonic circles. Until his first wife being a daughter of Mr. doccused, Mr. H. E. Brewer, in re- plemented by Hints to Merchants and health commenced to fail, he was Brewer. He is survived by his siding in Stanghal.' | Manufacturers. The Introduction, in which these hints are fond, almo contains a section summarising Tarif and Taxation developments. These include the introduction of the system of payment of duties in gold units to affect the heavy fall in silver. There is also a section summarising the

results might be beneficial to manu-

facturers, but without more support from them he would not be justified in

February, 1920, has had tile effect on the position of unsecured foreign luna obligations. The reason in that an ever-increasing lot of internal <IrbL has been piled on these ad- ditional revenues, taking precedence of all other liabilities. The abronce of any Budget system renders the exact Anneint situation of the cou. try dificult to determine, but an estimate is quoted which places the betal Amount of foreign inns en January 1, 1930 at 295,000,000, The service of these loans for 1030 would require £18,000,000, of which it was believed that only £0.700,900

would he met, the remninder going by de Covit. The folal aroun of in- terual indebtedness was placed al $544,0001000, including $13,000,000 man." issued by the Nanking Government since 1927.

The net value of the foreign trade of China during 1929 amounted to the record sum of 2.381 million Hai.

kwan tarls. Imports, as compared with 1928, which was the previous highest record, Increased hy more thin 49 millions, and exports by 24 millions. The sterling valve of this trade at the average rate of exchange of 28, 7 13-154, Amounted to 1:02.413,089, # compared with 2319,554,403 in 1928, when the rate of conversion was 2x. 11 1-104.

In regard to the distribution of trade, it is found that, excluding Hongkong (rom the British Empire for purposes of comparison, Japan easily retains the premier position, although, owing to the Japanese bey rolt i 1929, the dance of trade in her favour was considerably reduced. British Methods of Macketing. Criticism of British marketing methods appears in the report.

"One has constantly heard on all sides," writes Mr. Jamieson, "that there is nothing doing, that markets are dull and that business is impos- sible under existing conditions, that a too pessimistic viewpoint may have heen unconsciously. nequired. For this reason I would refer again to what was described in last year's report as the brighter side of the picture, and to emphasiso the fact that friendly relations have been

restored

between the British And Chinese merchants and people as a whole. British goods are popular. our reputation for fair denling still helds good, but price, prke, price is the dominating factor. It has been said, and probably not without truth, that whereas there are constant re- ports of stagnation in the old-estab- ished lines business, the balance of British trade is being made up in other directions. Furthermore, that while it is known that certain firms with large overhead charges have not been in the most prosperous condition in recent years, bunks have found that there has been the tendency for busi- ness to spread itself over a large number of small concerns able to exist on minute margins of profit.

LO

the

Summary of Iteport. The Commercial Summary includes an analysis of the Imports and experts

int legislation regarding Trade

Patents and Copyright.

In Chapter 11, the Acting Com- mercial Counsellor reviews the finan cial situation, in which there is un- fortunately no improvement to record, the resources of the country beiry drained by the need for money to nup- port large armles in the field. The position in regard to the foreign loan service in examined.

The chapter on Transport and Communication gives notes on the financial position" of some of the principal Chinese railways, whose debts to British Arms are still un- paid. A summary of conditione pre- vailing in the Shipping industry is given. Considerable advaner "has been mado during the past year in the construction of highways; and the Acting Commercial Counsellor, in a long sretion on Aviation, urges British manufacturers of aircraft to pay nt- tention to the growing importance of air transport in China,

дв

of

After a short chapter on Industrial Production. Including mining the chapter on Trado gives an exhaustive survey of the foreign trade of China, which, in spite of the difficulties it has had to contend with, has shown marvellous vitality. The British Empire, Inc., ding Hongkong, retning her position and can lay claim to 21.0 per cent, of the import trade against 10.0 per cent. គ. 1028, Brief sketches of trade conditions in the chief distributing centres and detailed analyses of the markets for various classes of goods are given. The chapter in supplemented by ap nendices containing statistics of the net value of the foreign trade. China, the share of the British Em- It cannot be too strongly emphasis, pire and foreign countries, and lists ed that trading conditions have of the princinal articles imported into changed and

changing very and exported from China, rapidly. Tariff autonomy was restor- In a final chapter on British Trade ed to China as from "February 1929, and one year later saw the in- troduction of the gold unit in place of the Hnikwan taal as the basis of duty payments. The new system, while quite fair in principle, han added considerably to the nilver amount of duties on imports. Com petition from countries such as Italy, Belgium, Czechoslovakia, etc., which formerly were not largely concerned campaign in Parle has been reach- exports to China, in becominged by the issue to Paris police of mure and more severe. The Increas instructions to summon all owners ing tendency towards direct trading, of unsilenced motor-cycles.

in

SALESMAN ŞAM

Bre

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with China, the Acting Commercial Counsellor discusses futuro prospecta, while British goods are popular and our reputation for fair dealing still holds good, "arice, price, price is the dominating factor."

A further stage in the anti-noino

FIRE

Pravda has published the text- of a letter from a Chinesa Red sol- dier, who says: "We shoot land- owners unless they willingly submit to Soviet lawa."

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