EURESOL
FOR THE HAIR
$2.25
A Germicidal Lotion
which is pleasant to use. Eliminates all dandruff and is
A Genuine Hair Tonic.
TO BE HAD WITH OR WITHOUT OIL.
A. S. WATSON & CO., LTD.
ESTD, 1841.
20%
Sale
AT
GRAY'S YELLOW LANTERN SHOPS
Alexandra Building,
On All Dresses, Woollen Jumpers, and on a small quantity of slightly shop soiled
Underwear.
G. FALCONER & CO., (HONG KONG) LTD,
WATCHMAKERS & JEWELLERS. DIAMOND MERCHANTS.
Union Building (opposite G.P.O.)
Agents for:-ADMIRALTY CHARTS, ROSS'S BINOCULARS and TELESCOPES, KELVIN'S NAUTICAL INSTRUMENTS, ENGLISH SILVERWARE, direct from Manufacturers,
High Class English Jewellery.
"SIMPLEX"
BOTTLE POURERS
-have no mechanism to get out of order. Worked
by an air lock, you need simply tip the bottle up and the flow will cease when a tot has been poured out-a pause of four seconds-and the flow will start again.
are easily fitted into the neck of any bottle by means of a tapered cork.
give accurate measure of twenty or twenty-five tots to the bottle, as desired.
-are invaluable to Clubs and Hotels, where a caro- ful check on consumption is necessary, and will save their initial cost within a month or two.
Stocked by:-
CALDBECK, MACGREGOR & CO., LIMITED, (Incorporated under the Companies' Ordinances of Hong Kong.) Prince's Building, Ice House Street
Tel. 20075.
IN THE LONG RUN
Gas for cooking shows the
greatest all-round economy.
ECONOMY
in time, in labour and in cost...
HIGHLY EFFICIENT
1
all-enamel Gas Cookers may
be purchased for cash or on easy terms (one or two years) or a hired Cooker can be had for a monthly rental of $1.10.
HONG KONG & CHINA GAS CO., LTD. Central Showroom:Gloucester Building.
Showroom -248, Nathan Fond,
Point-
THE CHINA MAIL.
WHITEAWAYS
GLASS WARE DEPARTMENT
BASIC VALUES IN TUMBLERS.
ONE OF
WHITEAWAYS
NEW BASIC VALUES
B. V. W. 7.
· TUMBLERS.
A Plain English Made
Glam Tumbler.
Full pint size. Wonderful value,
BASIC VALUE PRICE:
$1.75 doz.
ONE OF
WHITEAWAYS
B. V. W. &
English made good Crystal glass capacity half pint. Conical shape. Etched border design.
Demi-
NEW
BASIC VALUES
BASIC VALUE PRICE:
$3.95 doz.
FIRST FLOOR SHOWROOMS. WHITEAWAY, LAIDLAW & CO., LTD.
HERE, THERE
and
EVERYWHERE
Laureates in America.
Mr. John Masefield, who sailed from England recently, is not the frst Poet Laureate to leave Boar's Hill' for America.
His predecessor paid his last visit to the States just eight years ago when a very old man, and one is wondering whether Mr. Mase- field will feel more amiably dis- posed towards the reporters.
TUESDAY, FEBRUARY 28, 1933.
WORLD'S RECOVERY
HAMPERED
DISASTROUS FORCES AT WORK
NO MARKED IMPROVEMENT
(By LEONARD J. REID.)
--
Funding negotiations between to Germany. The reverberations America and Britain and their through the world threatened to be For when Dr. Bridges was ask-respective debtors spread out over [portentous. ed, on the ship's arrival, where he
History will always place it to the intended to stop in New York, he weary period of five years-from credit of President Hoover that he replied, "Why should I incon-1922 until 1927.
swiftly recognised that the con- venience myself by interviews ?" Constant conferences were also tinuance of War Debt payments was The question, "What do you think held in the hope of placing Ger. at least a serious contributory fac of American poets 7" he countered ||
tor in the causation of the crisis, a regular and history will applaud the courage with, "That is the last thing Iman reparations upon want to talk about."
basis in 1329 the Dawes Plan, and promptitude with which he The New York Press, cognisant specifying a system of payments, offered a year's holiday from the of Dr. Bridges' official status as was replaced by the Young Plan. transfer of these inter-Govern- Laureate, headed their barren ac-
mental obligations. Not until 1932, at Lausanne, counts with the line, "King's Can- ary Won't Chirp."
was the question of German · re- parations given finality, and even then the definite agreement reach-j
*
→
Modernising Persia.
war debts
Riza Khan, Shah of Persin, is e modernist. He is replacing the olded was made conditional upon the gates of Teheran with corrugated reduction in Allied iron. He has cut down the lac which might be conceded by the bushes of the Ispahan and substi- United States. tuted geraniums and lobelias.
He is, too, a one-way traffic ex- thusiast. The craze first gripped him about four years ago. ·
Although Mr. Hoover formally repeated the orthodox American view that War Debts and Repara tions were entirely unconnected problems, his action in effect re- cognised their essential inter- dependence.
No one in Europe imagined when the Hoover holiday was arranged Dislocation of Credit Machine.
that the transfer of inter-govern- mental debts on the old scale would Thus for many years the pay-lever be resumed unless some ments of reparations by Germany tremendous improvement occurred in creditors, and by the general economic conditions of On one occasion a person took to various
European debtors to a cab to visit one of the. British various Legation secretaries, His house America, actually continued on a was on the main square, close to substantial scale. where the cab was entered.
An offlelous policeman made the driver go completely around tha square in order to comply with the new traffic regulations, The China Mail. of 1927, the leading Govern-Shah's
ments will declare themselves in though It was the only vehicle in complete accord; but to which sight. Hong Kong, Tuesday, Feb. 28, 1933, they will studiously refrain from The giving practical effect. monetary sub-committee of the Preparatory Committee in Gene-
Price Levels.
Your Daily Smile.
STARTING EARLY.
va has indeed agreed upon a list A young Los Angeles film star A rise in wholesale sterling of suggestions for the agenda, has married at seventeen. She'a prices was approved by the Ot-but some of the representatives evidently out for a record. tawa Conference which adopted of the gold standard countries
a resolution that "a rise through-seem bent on making it the first
out the world in the general level business of the Conference to
#
*
*
HIGH TIME, TOO..
I read that there is a Spanish
How was this possible and how
did it come about that cóntinu- ance became impossible?
the world as a whole and the Euro- pean debtor countries in particular, Europe's Hopes After Lausanne.
No such improvement has taken place. The arguments which con- vinced Mr. Hoover of the neces- sity for the suspension of these payments are more forceful now than they were eighteen months ago.
Broadly speaking, the debtor| countries paid their debts to the ultimate creditors, partly by part- ing with their gold stocks and partly out of the proceeds of the
Even if resumption were possible investments in Europe of vast
on the old scale, it would at once set Bums of American money. The situation created by this procedure in train those disastrous forces menacing developments which were the reason for Mr. Hoover's action: was obviously precarious.
In the first place, the gold it must be remembered, too, that stocks of the debtors were not the debts have become more burden-
unlimited.
In the second place, their some than ever, with the continued
fall of the commodity price level. steady concentration in the
The Hoover holiday was declared,
of wholesale prices is in the high-coax or drive Great Britain back proverb which says, "When the hands of two creditor nations not only by the American Govern-
est degree desirable." The Mac-on to the gold standard without floor rises seek a fresh house." And millan Committee, over eighteen the fulfilment of the conditions one where they haven't already re- months ago, also came to the which the British Governments fused to serve you. same conclusion, urging that not merely the Government of prices be raised to a much Great Britain, but all the Gov-
сол-
*
SPEAK FOR YOURSELF
**
IMPOSSIBLE.'
#
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GIVING HER CREDIT.
caused a profound dislocation of
The Huge Gold. Hoards.
(Continued on Page 11.).
|LOCAL LADY'S
ALARMING
EXPERIENCE
the basis of credit all over thement but by a formidable army of world, and contributed in larga wise and timely action to relieve the Senators, to give" opportunity for degree to the steep fall in com- modity prices and the spread of pressure of adverse forces in for- ļeign countries to assist in re- depression everywhere. higher level and be maintained ernments of the Empire have) HUBERT (to' fiancec): I admit
This maldistribution of gold for establishing confidence and restor at that level. The point is im-formally declared must precede your bathing costume looks smart,
Europe, exhorted by America to portant because it has lately be the re-establishment of any inter- Edna, but I must say it would have which the Reparation and Waring the world's economic stability.
Debt payments must be held in come the fashion in the United national monetary standard. shocked our grandmothers, States and other gold standard That can only lend to a deadlock.
at Lausanne in July last year a big EDNA (defiantly): Oh, yeah? large degree responsible may be set her own house in order, achieved countries to speak of the fall in This is not, of course, to say You speak for your own grand-illustrated by certain figures;
stcap towards this end by a final determination of the reparations prices as an evil brought about that the Government should de- mothers.
In the two and a half years from question, conditioned only by the by the "depreciation" of sterling sist from their efforts to bring the Conference into being and tol and of the other currencies]
January 1, 1929, to June 30, 1931, success of future negotiations be- On the con- which followed sterling off gold, ensure its success.
"Tell your wife your troubles," France and the United States between European debtors and the and as if it could be cared and trary so important is the re- says a woman writer. But how tween them received on account of United States.
and War Debts cured only by the return of these vival of international trade can you tell your wife your wife? Reparations
During the same $898,000,000, currencles to the standard which those efforts should be
perfod they increased their hold- they were compelled to abandon. tinued and, if possible, intensi- At Ottawa and on other occasions fed. But two things are clear. "Old Fellowca seems to be a re-lings of gold by $1,805,000,000, spokesmen of the Government One is that the Government must markably good husband, doesn't Had the recipients of the gold, have taken the line that the cur- decide clearly in their own minds he?" Brown remarked: "I mean used it in the ordinary Gold to his Standard manner to Increase tho ing of the monetary causes of the what it is possible and desirable-he's awfully generous
to obtain from the Conference)wife, eh?"
available purchasing power of depression is a matter for the ap-
"Oh, rather," Jones replied. their own communities, they would proaching World Conference, Sir and how they can best hope to John Wardlaw-Milne does not obtain it. The second is that "That man is willing to let his wife have raised their own price levels, dispute the need of internetional they must be prepared with a have anything that credit can buy," and thereby encouraged the rest of
the world to trade with them.. co-operation; but, like the num- programme of their own aiming érous economists of repute at the same objects, which they
What, in fact, they did was to adopt the opposite policy. While who have put forward similar themselves can put into effect if
allowing gold to become sterilised arguments, he urges that Great the Conference fails to achieve
In their vaults, they (and this, of Britain should give a lead to the concrete results or if it is too rest of the world; that the im-long postponed. And there seems A new implement for roughing course, is particularly true in the portance of sterling in world no reason why part at any rate concrete floors preparatory to apply-case of America) adopted a policy trade gives her the power to do of their programme should not ing the finishing coat of cement of shutting out the trade of their this; that there is no longer any be carried out without any fur-consists of a set of six compressed debtors by means of high tariffs object in allowing endeavours to ther waiting on the Conference, air hammers mounted on a wheeled and other barriers. restore prices to a remunerative thus giving it a useful lead. frame. level to be "paralysed by the They cannot go on much longer a imminence constantly reced-regarding sterling as a mere tem- To prevent the introduction of criminate lending by America to Chinese men had planned a rob- ing of the World Conference." porary makeshift, but must work plant diseases and peats the Aus-countries in which the investors bery, as on the approach of the Whether the method he recom-out a policy for utilizing the ad-trian government has restricted the confidence might at any time be car, one of them threw himself
WBA used as
the across the road. Happily, Miss miends is practicable or not is a vantages and counterbalancing importation and passage through casily shaker matter for sober inquiry and the disadvantages of the divorce the country of live plants and some flimsy basis for continuance of Fearon missed the object and argument. But there is certain- of Britain's currency from gold. fresh fruits,
ly great weight in his contention They have broken away from
Facts You Did Not
*** Know,
*
+
•
or off at
that Great Britain and the coun- the shackles of an obsolete fiscal A novel electric clock is equipped tries of the British Empire and policy and are now able to dic with 36 contact points to automati the other countries which are tate the terms on which foreign cally switch: current on closely linked to Great Britain in importers are given access to designated times to operate housing their trade and currency cannot British markets. They have yet appliances in the absence of itla afford to adopt the view that no-to decide the various directions thing can be done except through in which they will use this newly the Conference. It is impossible acquired and most valuable free- at this moment to foretell when; dom whether the main object
owner.
..
Obvious dangers also lay in # system by which somewhat indis-
War Debt payments. "
It was inevitable that a shock
Miss L. Fearon "Held Up" Near Taipo.
ROBBERY ATTEMPT FAILS
Miss L. Fearon, the well- known local lady jockey, was the victim of ́en ́alarm- lag experience while driving along the Main Road from Kowloon to Taipo last night. It would appear that three
accelerated.
Miss Fearon bad a similar experi-
to confidence would come and ence on December 18 last year, but that the stream of American on that occasion she did not report. money across the Atlantic would the matter to the Police one day suddenly come to an In her report to the Police at end: The end, indeed, came Taipo Station, Miss Fearon, who at D'Almada's" : Bungalow, with devastating suddenness.. resides Following the Wall Street crash Fanling, stated that the incident of 1929, a crisis began to develop occurred at about 7.15 last night. Twenty five feet in diametre and quickly in Central Europe, and When about a hundred yards past if ever, the Conference will meet, should be to secure a satisfactory weighing six tons, the largest chan-American investors ceased to re the Water Works on the Kowloon or what it will discuss when it balance of trade, or to provide delier in the world will be installed gard this portion of the world as side of the Main Road, she saw
in a New York building, does meet, still less what conclu- work for the unemployed, or to sions it will reach on the sub-make Great Britain now far as
for a time with their payments, the When about four yards off, one op jects it does discuss, or even possible self-supporting, or to
economic breakinge point was the men threw himself on the road. whether it will reach any con promote the greatest practicable cedence demands a prior deterreached in the summer of 1981 in Miss Fearon swerved to the rights clusions at all It is only too exchange of goods within the Bi-mination of the relative-import Central and Eastern Europe. likely that a Conference in which Dire, or, by using) the power of ance to be attached to purely
many Governments will giving and withholding coders, economic considerations; and to President Hoover's Courage, participate [with
many slons to break down tarifi hárs con divergent views and diver riers in other markete gehts interests, may only bement of internation
agreeing upon a series these obfecbe
solutions
with
dent be
a sound investment risk. And three Chinese men. Each carried then, while debtors struggled on a torch,
and of to be
social policy. The "first major mani most prudent course the magnitudė: pritká
as to avoid the threatening the
vo.nationklikin Europe, was the
station
of
nger
tình tin the Credit
and Internation- "Austrian":
Austria.
missed him, and sécelarated......... · The men shouted something in Chinese |which she did not understand.”
Mias Fearon describes the man who fell, on the road as between the xge of 20 and 25' and the second owth |man as Kiving several days |
[of-beard/17: She was > umables to
· Zarzish a description of thi
man to the Follo