The Archive · 1926

OPPOSITION BY NATIVE BANKERS' GUILD

The following message from th Chinese Kuo Wen News Aycney is of interest as showing the sort of propaganda used by @ minority of the Chinese General Chamber of Commerce to get the control of the Customs revenue taken out of the charge of the Inspector~ General's hands. The opposition of the Native Bankers' Guild is duc, of course, not at all to the tive suggested here, but to their vivid perception of what would happen to Chinese Domestic Loans, if Sir rands Aglen ceased to be responsible for then.

Shanghai, March 14, With reference to the formation committee for the of the proposed public customs treasury, for which purpose the Chinese General Chamber of Commerce has called for seven delegates from each of the four leading Chinese organizations of Shanghai, namely, the Shanghai It is now learned that the Native Bankers' replied to the Chamber that they had not yet decided one way or another, whether they would Join the Committee, The fact is, the idea of a Customs treasury in Shanghai was originally suggested by Mr. Vu Ya-ching, President of the Chinese General Chamber of Commerce, with the idea Mr, Beytagh said they had been} Ghamber of Commerce of Chapel, hat, besides having the Chinese 1 the excellence of the orgati- Comme the Benkey Customs revenue under Chinese con~ seeuthnes Sie Sand the] Sommerer, the Chinese Bankers' trol, "Customs had been brought into being Chinese Native Bankers' Guid, it is Stiized to save funds might. be a financial crisis in the only way to defeat Com- now learnt that the last munism was 10 form as good ani organization has decide ieees, at emarmcney ata lent 248 of interest than' ordinary banks seats, whilst the boxes and the frst} been paralleled in the world's hic-Dorvusieation, or a botter The] cremation has decided vot to send would charge. three rows in the gallery leo wore tory," after which came the Third wae in no way connected mittee, While this proposal is undoubted Several speeches had been} fteenational Sock an action on the part of {18 #2¥oUrable to the general business frere mew tothe work and'it hapr The Communist Failure 7atianal society and its aetvitet ihe Native Bankers here was quite ommuntiy here, it bs dinadvant pened teat Mr, J, R. Jones talked} The Soviet nationalized y any national body whatever Masxvostel ky the Gunere) Oheribos: since they would them all out and there was barely] perty ard means of productive, tae consular, or munis] commerce which organization hay to keep interest rates ime for Mr, In'. Beytagh tocx- then all the wealth of the country organization of 350% written the Native) tea high level the objects of the League. This, disappeared and there actually wag w boist. toto distribute.

In urdee to subsist nothing mie aim at Russia or any sovereign} pate, im the promotion of the This is the reason why the Native in the street. They did] Gone i the good, for Mtr. Jones delivered a|they tok the passant's yrain ame) vote, at Communism as a whole} scree, which thus, far, makers Gulla ooltabee to: Joly: most intereating and atitring speech, the, peasant, Rel. arm' zram wherever it came, Sch as few could have expected: [holding high carnival a his expetue,] The League's schemes required March 35, by the Chinese, Generat wean an education ate' donlagy tommunia el been lessen could ut Wears With reference fo the onganiaing lag {0 et infrniant, ud determination at Shanghai pes or less defen tal federal Leading commercial] te cee conte oont of tcks ang lo to sit on the platform and note] Communists admitret promised substantial sup-promised substantial sup-[ Aint treasury oF the kev Of said treaty will be ted fF the Customs revenue, as Sug. keeping of customs for the Aabeatly. diced txt te, Enos, waco wel from other parts of the! costed by the Chinese General Central Government to might ite gid, "whew he sao adeen,-thers wan!

Chamber of Commerce, we reported international and domestic adminis-all palma ang. yesterday that the Native Bankers' trative obligations and not to be [in every they Gaild had. refused (0 api ised in another wise.—Kuo. Wen fait move in one an accountant had worked out) PFesentatives to the Cons

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account