Canton, Juno 11, 1930.
An official communique declares that not only is the Kuangtung Army pressing onward in Hunan, but there has been a brush with the foe, who)
driven back.. It was part of the Gist Division of Chiang Kuang-yi that chalked up this victory. Loyang has been entered by the 63rd Division of Li Yang-ching Chen Ming-chu, the Chairman of the Frovineial Council, is just back from Honkong, where he went partly With the object of soothing the ruted feelings of General Tai Kik, who }was about to resign his commission in ist. In line for promotion due to 8 successes in the earlier stage of the Kuangtung-Kuangsi wir, and his capture of the rebel general, Wang ing-yn, General Tai was bitterly disappointed, for he got lots of praise but nothing in the line of advancement. There were not enough full division commanderships to £0 around, that was all there was too it, Yet both Tai Kik and officer over him, Division Commander: Chiang Kuang-yi, took thia all very) much to heart, and there was talk of Tai_Kik retiring from military! sevice at that time, means to provide a sum to raise salaries of the government of 'The Chinese property ow merchants are taking @ great concern in the proposed increase. Members of the Hongkong and Kowloon Property 'Owners' Association were of the opinion that the present unprecedented trade depression was unfavourable to further taxation, Dut if the government considered it necessary to obtain more revenue, this might be accomplished by excecising stricter retrenchment in all departments and by employing wherever practical local men to replace some of the government ser ants whose salaries are paid on the sterling: basis.
was pointed out that an increase in taxation at this juncture would certainly result in a further depression of the property market and would drive away many prospective purchasers of property who received their money from foreign This is. proved by the luriness in the property ions, notwithstanding that money is plentiful. On the other handy the price of shares, which hot subject to taxation has risen! considerably. Besides economy the Chinese property owners bel that the government could obtain more revenue by taxing luxury! scoads and throwing open to. public tender some of the monopole An increase in the assessment tox may discourage property invest: ment and the building of property lois, and government revenues would eventually be affected by the the property market.
ese think that the gover ut should encourage more build ings which will yield more taxes Mr. Ho Yiu, a prominent Chinese compradore, thought it would be advisable to summon a Kai Fong (street union) meeting together ith various trade associations. in order to unify Chinese opinions on this subject. "Me teaved that higher taxation would affect every one Hongicong with the result that rents will also increase, This would make things unbearable to the community which had already suffered eonsiderably on account of the fall of exchange. At the last Kai Fong meeting on water famine, the overrment conceded to extend longer hour of water supply, and at the next meeting taxation, the government in. the opinion of Mr. Ho may comply. to Chinese wishes. "He hope that fo ign residents will also come forward and express their views atthe meeting.
The Chinese Chamber of Comnerce is flooded with many letters from all trade guilds and associations protesting against the propes-ed increase. The Chamber will call meeting sometime this week to discuss the matter.
The collapse of two native banks wing to speculation of American Gollars had a serious effect on the Dank of East Asia and the Indust-vial and Commercial Bank. Theve was a run on these two banks last Lately this officer has been station-Swatow, and the position of} Garrison Commander of that port is no mean job. Recently, however, was transferred, and told to go with all his troops to the North River aren, which he took to be a comedown. Tt must have taken considerable diplomacy on Chairman Chen Ming-chu's part to appease the anger of General Tai Kik.
While he was in Hongkong, Chairman Chen saw off Sixth Route Com-manier Chu Shao-liang, who embark ed for Shanghai. All of the Sixth Route soldiers have gone North now, fas have the soldiers of General Tan Tao-yuan. Few of the troops that Nanking had loaned to Kuangtung to fight in Kuangsi are left in thi province now, and they will be gon Sefore long. jayer Lin Yunckei has quit. Since the Central Government ha: Gecreased the importance of his office by taking Canton out of the class of special municipalities, he prefers not to continue on as' the head of the City Fathers. Maybe Commissioner Teng. Yin-hua of the Bureau of Public Construction will be the new Mayor. Maybe some one else, for there is more than one aspirant for the post, Lin Yih-chung, 1 high officer in the Munic mintang, is a can chances for success are also good.
Text read from the printed page and cleaned; old type leaves the occasional error.