FRIDAY, MAY 5, 1933.
THE CHINA MAIL.
P. & O.-British India Britain's Lead On Currency Policy
Apcar and
Eastern & Australian Lines
(COMPANIES incorporated in ENGLAND).
MAIL AND PASSENGER STEAMERS. TAKING CARGO FOR
STRAITS JAVA, BURMA, CEYLON, INDIA, PERSIAN GULF, WEST INDIES, MAURITIUS, EAST AND SOUTH AFRICA, AUSTRALASIA, INCLUDING NEW ZEALAND AND QUEENSLAND PORTS, AND RED SEA, EGYPT, CONSTANTINOPLE, GREECE, LEVANTINE PORTS, EUROPE, de
PENINSULAR & ORIENTAL FORTNIGHTLY DIRECT ROYAL MAIL STEAMERS. (Under Contract with H.M. Government.)
LA
RANCHI CARTHAGE +SOUDAN
NALDERA
KAISAR-J-HIND
**BURDWAN
MANTUA
RAWALPINDI
+*SOMALI
RANPURA
RAJPUTANA
BANGALORE
RANCHI
CARTHAGE
**BHUTAN
NALDERA CORFU +*SOUDAN
MANTUA
Tasa
From Hong Kous About
1933.
17.000 Ath May 14,000 20th May 6.800 27th May
Destination.
Bombay, Marseilles & Londos. Bombay, Marseliles & London. Bombay, Mlles, Havre, L'don, H'burg,
R'dam,
& Hall.
London.
3rd June Bombay. Marapies & London. 16,000 12.000 17th June Bombay, Marselles &
6,500 24th June Bombay, Marseilles Havre, London,
K'burg, R'dam, Antwerp & Hull. 11,000 17,000 15th July
London. Marseilles & London. 6,800 22nd July Bombay, Maracilles, Havre, London,
Hamburg & Rotterdam. 17,000 29th July Bombay M
& London. 17,000 12L Aug.
1st July Marselles
& London, Bombay, Marseilles
(Continued from Page 6.)
To take the last-mentioned cause increase imports without producing Arat, it is essential that confidence a counter-balancing Increase of The Currency Equalisation Fund should be sustained. A Government exports. would be used to control the Inter-struggling with unmanageable de- To secure the balance it might be nal value of sterling in terms of ficits, afraid or unable to impose necessary for sterling to fall some- commodities, in particular, to coun- new taxes, is a spectacle likely to what, In order to make our exporta teract the excessive appreciation of shake confidence.
cheaper for the foreigner consumer. recent years, and thereafter But a strong Government, de- Such a fall might be found to be generally to prevent fluctuations. liberately and voluntarily reducing the natural corollary of the policy The Immediate task is to revive taxation with a specific end in view, and would not in itself be undesir prices and expenditure. The fund as its contribution to world re-able. would, therefore, be drawn upon atcovery, should be able to retain, and The position of "the. objector is once to finance Government expendi- should, indeed, enhance, Its prestige. tantamount to this: "I cannot let Government would necessarily em. it shakes conddence, or if the ment and a trade revival occur, be- This does not mean that the Bear speculation will only succeed if your people come back into employ- bark on now capital undertakings: monetary authority is weak.
cause this might cause your people it is probable, however, that there:
The bears are not likely to have to import more food and are various schemes which could be for long unless they provoke a fall to a new level. To admit such sufficient funds to depress sterling materials, and so cause sterling to with advantage. undertaken and financed from it) general flight from sterling. If an objection as final would, indeed,
For the rest, the Government set by vigorous support to the
their action is countered at the out-ba the logical extreme of defeatism. would draw upon the fund to finance currency, so
The time is ripe for action; the that it has no its present expenditure and reduce ceptible effect on exchange rates, some stability has been reached, but per-opportunity is ours. For a period present rates of taxation.
and if the position at home is kept the depression is so great that there well in hand so as to give the is no margin of safety, An adverse
ture.
Reduction of Taxes.
Pa
It does not often happen that general public no grounds for alarm, turn abroad might precipitate a fur- popular desire and the general the country need have little to fear ther crisis. Therefore to await interest coincide.
from the speculators. There re-events seems fraught with danger. Yet, strangely lenough, in this most critical of mains for consideration the quas-
The policy suggested may be times they do. Tax reduction would ton of the "proper" value of ster-without precedent in time of peace, at once be popular, and tend
Hing. An internal increase of con- but it proposes nothing that should bring about the required revival of by a world revival would tend to mon sense and clear thinking.
Bumption at home unaccompanied not commend itself to simple com. expenditure.
to
To secure the revival, however, it
is essential that the tax réduction! should not be accompanied
equivalent reduction of Government TEIG O'KANE AND THE
expenditure; for it is the essence of the scheme to increase the balance of the community's income, which it can expend upon consumable com- modities.
Tax reduction, balanced
CORPSE
(Continued from Page 10.)
;
never
6,000 19th Aug. Burg, 'dam, Antwerp & Hull, thing; reductions of Government top of the wall round about, or stand splendid a sight as that was. Round!
17,000 20th Aug. 14,000 9th Sept. 6,000 16th Sept.
Cargo only. Calls Cazablanca. Calle Karachi.
ired, with blue streaks in it, and went round about the wall in one course, and it swept by as fast as the awal- low in the clouds; and the longer by a reduction of Government ex-i
Telg remained looking at it the fast penditure, does not add to the com- burying place, and he was not more bright ring of flame round the old Teig drew over towards the old er it went, till at last it became like munity's spendable income.
than about twenty yards from it graveyard, which no one could pass when, raising his eyes, he saw hun- The avoidance
without of waste and dreds and hundreds of ghosts--men, saw, from the time he was born, and
being burnt by it. Teig Marseilles, Havre, London, extravagance is always a good women and children-altting en the never afterwards, so wonderful or so Marseilles & London. Bombay, Marseilles & London.
expenditure along these lines maying on the inside of it, or running went the flame, white and Bomburg, R'dan, Antwerp & Hull, other hand, it is possible that justice mouths opening and shutting o
Marseilles, Havre, London, be desirable and possible; on the at him, while he could see
backwards and forwards, and pointing blue sparks
and yellow leaplar out from it
it as St their went, and 10,000 23rd Sept Marseilles & London
although at first it had If been no more than a thin, narrow 14,000 7th Oct. 2ombay; Marseilles & London.
or expediency demands an increase they were speaking, though he heard line, it increased slowly until it was 6,800 14th Oct. Bombay, Marseilles, Havre, London, along other linea; whether there be ino word.
at last a great broad band, and it H'burg. R'dam, Antwerp & Hall.a net reduction on balance or not, it stood where he was, and the moment higher and throwing out more brij-
He was afraid to go forward, so he *
WAS 11,000 21st Oct. Bombay. Marseilles & London.
continually getting broader and is vital that the tax reduction he stood, all the ghosts became quiet lant sparks, till there was never should exceed it.
and ceased moving. Then Teig under-colour on the ridge of the earth that It is often urged that dommes-from going in that they were..
stood that it was trying to keep him was not to be seen in that fire; and Mic monetary policy. Frequent connection from Port Said for Passagers and Cargo to Con- wait on international co-operation. Immediately the forwards, flamed so shining and so bright. 4. He lightning never shone and flame never should walked a couple of
Jand
whole crowd
rush Telg was amazed; he was half dead Since a substantial revival of our he was moving, and, they stood so left to approach that wall. There fell
together to
towards the spot which, with fatigue, and he had no courage
to export trades must depend on world thickly together that it seemed to a mist over his eyes, and there came recovery, it is important for us to him that he never could break through corawn in his head, and he was obily- work strenuously to secure this. But them, oven though he had a mind to ed to sit down upon a great stone lo I have already argued that im He went back broken and dispirited,
Bue he had no mind to try it recover himself. mediate independent action would and when he had gone a couple of
As he sat there on the stone the 7th May Singapore. Port Swettenham, Penang strengthen rather than injure our hundred yards from the burying, voice whispered once more in his car. 10.80 a.m. & Calcutta.
and the dead man tactical position at an international ground he stood again, for he did not squeez conference.
know which way he was to go.eezed him so tightly that he cried heard the voice of the corpse in his trembling, and went forward as he was He rose again, sick, tired and For World Recovery.
car, saying, "Teampoll-Romain," and directed. The wind was cold, and the Apart from tactical considera again.
the skinny hand was stretched out road was bad, and the load upon his tions, the only substantial argu-s tired as he was he had to walk, dark, and he himself was nearly worn
back was heavy, and the night was) ment against independent action is and the road was neither short nor out B.L. Apcar Line steamers have excellent accommodation for foreign exchange market. This can, way. Many was the toss he got, and there.
that it might injure sterling in the even, The night was darker than
ever, and it was difficult to make his hand and said to
At last the corpse stretched out its cat and 2nd class passengers,
him. "Bury me however, be met. A drop in sterling many a braise they left on his body. might be due to three causes, a drop At last he saw Tampoll-Ronain from Teig in his own mind; "and the little This is the last burying-place," said EASTERN & AUSTRALIAN SAILINGS (South). In its "proper" value measured in in the distance, standing in the grey man said I'd be allowed to bury terms of other currencies, bear moved over towards it, and thought it can't be but they'll it him in here." him in some of them, so it must be this; speculation, or loss of confidence. he was all right and safe when he The first falat streak of the ring of daw no ghosts nor anything else of day was appearing in the east, and the wall, and he thought he would the clouds were beginning to catch fire, never be hindered now frem. leaving.but it was darker than
over, for the
stantinople, Pireaus, Bmyrns and other Lavant Ports by naamers of the Khedival Mail Steamship Co.
BRITISH INDIA-APCAR SAILINGS.
1983.
7,000 17th May Singapore, Penang & Calcutta.
TAKADA
SIRDHANA
8,000
TALMA
10,000 24th May 10,000 10th June 8.000 24th June 8,000
8th July Singapore. Penang & Calcutta. 7,000 22nd July Singapore. Penang & Calcutta.
Singapore, Penang & Calcutta.
Singapore. Penang & Calcutta, Singapore, Penang & Calcutta.
TILAWA SANTHIA TAKADA SIRDHANA
TANDA NANKING NELLORE
7,000 7,000 7,000
1938.
2nd June Manila, Rabaul, Brisbane, Sydney & 30th June
Melbourne. 2nd Aug.
Regular: monthly sailings from *** Hong Kong to Australia.
Hong Kong to Bydasy--19 days.
WARSHIPS IN PORT
Hong Kong to Shanghai and Japan
The following warships were port yesterday;-
in
Basin.-Tamar.
Frequent connections. from Australia with the following:-
The Calon 8.8. Company's steamare to the United Kingdom via New Kealand, Vancouver, San Francisco, etc.
The F. & O. Royal Mail Steamers to London and
The F. & D. Branch Serviss of 'steamers to London vis Bues. The New Zealand Shipping Company's steamers for Southampton and London via Panama Canal. --
TANDA
SAILINGS TO SHANGHAI & JAPAN. ·
*BURDWAN
TILAWA
1932
try.
his load off him at last. He moved moon was set, and there were no stura. Over: to the gate, but as he was pass- ing in he tripped on
"Make haste, make haste!" said the the threshold.
and Telg hurried forward as well Before he could recover
сотрае himself, not see seized as he could to the graveyard, which thing that he could him by the neck, by the hands, and was a little place on a bare hill, with
only .niste
ite by the feet,
He walked Low and bruind
graves in shook him up, and choked him, until He came to the middle of the ground
and boldly in through the open gate. he was nearly dead; and at last he and then
stood up and looked round him. was lifted up, and carried more than for spade or shovel to make a grave. East Wall-Moorhen, Perseas, hundred yards from that place, and As he was turning
round and Olympus, Otus.
then thrown down in an old dyke, he suddenly
searching what startled him with the corpse still clinging to him. are: North Arm→→Bruce, Witch, Par-feared to go near the place again. looked down, and there at the
He rose up, braised and sore, but fore han. He moved over to it and
greatly
new/pa
grave right be
thian, Phoenix.
bottom "You corpse, up on my back, said he saw a black comm. He clambered The "shall go over again to the down into the hole and lifted the id West Wall-Folkestone and Whitchurchyard?" but the corpss never and found that (as he thought HE shed.
answered hime That's a sign you be) the comin-was empty. He had would don't wish me to try it again, said hardly mounted up out of the hole and Telg
He was now. in
was standing on the brink when the great doubt AX. to
Dock-Tarantula and Sandwich
No. 2 Buoy. Medway and Sub-
7,000 0th May Shanghai, Moji, Yokkaichi, Nagoya,
6 a.m. Kobe & Yokohama, *KIDDERPORE 5,800 10th May. S'hai, Moji, Kobe, Osaka & Nagoya,
6.100 18th May Shanghai, Moji, Hobe & Yokohama.
18th 10,000
May Amoy, Shai, Moji, Kebe & Omaka. marines. KÁISAR-I-HIND 12,000 18th May. Bhanghel, Mejl, Hobe & Yokohama, June Shanghai Mail. Kabe & Yokohama, 1st June Amey, S'hai, Moji, Kobe & Osaka.
No. 6 Buoy. Vindictive. 6.800 18th June Shoji, Kobe, Osaka & Yokohama.
4th June S'hal,
Holl, Kobe & Yokohama
No. 8 Buoy, Veteran.
· MANTUA.
SANTHIA
NANKIN *SOMALI
11,000 1st June
8,000
7,000
8,000 18th June
Amoy,
Kobe & Yokoham S'hal, Moji, Kobe & Osaka. Moll, Kube & Osska.
7,000 29th June Amoy, Shal 17,000 29th June
18th
6.000
July
RAWALPINDI 17,000, 15th June TAKADA SIRDHANA BANPURA
BANGALORE RAJPUTANA RANCHI "BHUTAN *BHUTAN CARTHAGE NALDERA
BOUDAN
CORFU
MANTUA
· *BURDWAN RAWALPINDI
oth Kote
& Yokohama.
17,000 13th July
Kobe вы Yokohama. 27th July 17,000 27th
Kobe & Yokohama. Kobe & Yo
& Yokohama. $6,000 9th Aug
Shanghai, Kobe & Yokohama. 14,000 10th Aug. Shanghai, Kobe & Yokohama. 16,000 24th
Ang
what he ought to do when the, which had clung to him for more i
#poke in his car and said:
Flada." "
eight hours, suddenly relaxed its Cof his neck and loosened its`shina round his hips, and sank dolen
tha plop. Into the open cofingra
“Oh, murder!" said Teig: Must bring you there! If you keep me Teir
"down on his two knees at long walking like this, I tell you, I'll the brink of the grave and gave thanke fall under you
He went on, however, in the directo God. He made no delay then, but tion the corpse pointed out to him, tho
Find
He could not have told himself how
down the
the comin lid In Ita the clay
the
over
If place,
Weekly Sailings Transpacific
TO SAN FRANCISCO, LOS ANGELES & NEW YORK
via PANAMA.
TO SEATTLE
VICTORIA.
May 20 June 3 „„June 24
Fortnightly sailings on Wednesdays. Fortnightly sailings on Saturdays Pres. Lincoln May 10, 1 am. Pres. Cleveland May 6, 1 a.MIL, Pres. Hoover
. May 24/ Prea. Tuft S Pres. Wilson
Jana 7 Pres. Jeferson, A Pres. Coolidge
June 21 Pres. Cleveland ROUND TRIP FARES TO EUROPE & AMERICA.. Special through rates to Europe via United States. Direct connections with all Atlantic lines. Choice of rail linar across United States and Canada, Liberal stop-over privi- leges for sight-seeing. Full particulars upon application.
Fortnightly vin Svez to Europe & America
Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay, Suez Canal, Alexandria, Naples, Genoa, Marseilles, New York and Boston.
May 27 Pres. Harrison
Pres. Polk Pres. Adams
June 10 Pres. Hayes
TO MANILA
Next Sailing, Pres. Taft
Next Sailing, Pres. Garfield
Fres. Hoover
Prea. Polk Pres. Jefferson
Pres. Wilson
May 16 Pres. Adams May 27 Pres. Coolidge May 27 Pres. Cleveland „May 30,
June 24" July 8
May 13,
May 13.
„Jane-10 .June 13 .June 17
CONNECTING WITH S.S. MAYON TO CEBU, ILOILO,
ZAMBOANGA.
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
CANTON BRANCH–No. 4, Shakee Street.
BARBER WILHELMSEN LINE MONTHLY SERVICE
PACIFIC COAST US.A.
AGENTS:
To
PANAMA CANAL
ZONE
ATLANTIC
DODWELL & CO., LTD.,
Queen's Buildings.
COAST, USA.
WHAT THE EMPIRE
SHOP WINDOW MEANS
A choice of the produce of 450 million pairs of hands.
The fruits of men's labour from an area of 14,000,000 square miles.
The stock in trade of the largest selling organisation the world has ever seen.
The pick of these will be displayed in
THE PENINSULA HOTEL
MAY 24-27, 1933 and you should see it all.
Foreign-French, Algol; Chinese long he had been going when the dead lo hands, and 70 ATAYO was fiij (zykla, adverfisoniënt 'in: Isaund by the British Empire Fair Committed
Hol Chan
STEAMERS MOVEMENTS;
his feet until it was Arm and hard
Ho
HONG KONG BENEVOLENT SOCIETY.
5th Sept. hai, Moil, Kobe Valohama. which left Amoy yesterday after for four great stones at the corongok then be rose up and ath a little änd
0.800 14,000 7th Sept 11,009 21st Sept 0,100 4th Oct. 17,000 5th Oct.
Cargo only.
Кофе & Yokohama. Shanglial, Kobe & Yokohama, p Shanghai, Mojl, Kobe & Yokohama. Shanghai, Kobe & Yokohama. Shanghal, Kobe & Yokohama.
All dates are: opprinimota ond, subject to alteration without motion. Alt: Cabins are fitted with Megorie Fans or Panka. Louvre Bystem. Ateamers ou London and Australian · Lihan are filled with Landa) Parodia monouring not more than 5 en. It will be received at the Come any's Offcg up to Noon on the day previous to sailing, people
For further information, Pauses,, Freight, Handbooks, stai, apply
MACKINNON, MACKENZIE & CO.
& D, Balding, Connaught Rd. C., Hong Kong,
man behind suddenly squeezed him in he stamped and leaped on it with and said: "Thorel
The sun was Zast firing a bw Anlah- looked from Tels
him, and he saw ad his work, and the first little tow wall that was so broken was to return to the road and look out thing he did down in places that it war to wall for house to rest himself in
and lay down The B.L. & Apear Line ss. Takada at all. It ingaggreat wide field, found an inn at last
in from the roads and only for thres a bed there and slept till
ware more like rocks than stonas, fell asleep again till morning. Whoo The R.M.B, Empress of Canada is there was nothing to show that there,
awoke
, in the morning the hired" a due at Yokohams to-morrows bilder Braveyard by burying horse and rods home. He was more morning and leaves in the afternoon
than twenty-six miles from home Bhail: where he was, and he had a
Icense all that dy, way, with is dead body on his back In one night TOPLANK much; he
noon is due here to-day.
Bhe leave Kobe on Bunday,
ABLE PRINTING
Do order
small
Loo
that
He never inierar lost his money or Fespecially he would not land by out-Into: by himself of, a dark The bar not a fortnight at home an
un-
||baaq li bye "with; rand: Itakat their wedding the sport war, and it's he was te the happy man from that day forward putand it's all wish that we may be, as
Committee the abov Bociety would be most interested in its work would kindly send ins or subscriptions.
their dons
Money
No amo
atly needed and funds are very low
is too small and will be most than by the Hon. Treasur
MRS E E
JONES