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Alex. Bldg., Tel 24666, Hong Kong Hotel, Tel. 27424.
and Gloucester Arcade,
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George Goulet is Vintage 1921- the stocks are limited and it can never be replaced.
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The China Mail'
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HERE THERE
EVERYWHERE
A Famous Prison.
Cuestrin, the fortress in which General von Schleicher was said to be confined, lies on the confluence of the Warthe and the Oder some fifty, miles from Berlin.
THURSDAY, JUNE 29, 1939.
BUILDING SOCIETIES'
ROMANCE
WORLD-WIDE MOVEMENT FROM TAVERN TALK
A NATIONAL BENEFACTOR
(By John Sudgate.)
It once sheltered a more famous prisoner than the former Chan cellor. It was here that Frederick the Great, when Crown Prince, was
In the bar-parlour of the Foun-¡dition, extended northwards" be- Imprisoned by his discipline-mad tain Taveru a group of men talked yond the borders of the Union, and father after his attempted fight to gravely over their ale. They were made itself felt in the Rhodesias. England. .
Willing In Learn,
It was, on its ramparts, too, that discussing an Ides, the idea that to Some time ago the. Director of Lieutenant von Katte, Frederick's pay rent was an economic error. Census and Statistics paid
From those talks in the Foun- tribute. He said: "The great ex friend, who was to have accomtain Tavern at Birmingham grew a pansion in the financial operations pauled him on the flight was besociety for the co-operative pur- of building societies in South beaded Frederick himself, came near, to being shot, as a deserter.. Itse of land and building of Africa in recent years is one of houses; That was in 1781, and it the notable features of its was only after a long struggle on the part of his counsellors that the was the beginning of the building economic development, and has
society movement.
been greater than in the case of father could be persuaded not to
Our historians, immersed in any other group of organisations," enforce the extreme penalty.
chronicling the wars and generally It is dificult, owing to the vast giving bird's-eye views of destruc-ares of the country and its com tion, have found building societies paratively sparse population, to The death in Capetown of Willam hardly worth a sentence. Yet gauge the value of the movement Kilpatrick, the 1927 Calcutta sweep there is no force in contemporary to the Union in terms of statistics, winner, recalls a story of the life which has so deeply affected There is a European population begging-letters he received,
the fibre of the nation. of fewer than 2,000,000 scattered One, written with great in, The movement has had setbacks, over an area five times as large az genuity, explained that the writer some of them very serious, but they Great Britain Yet, at the end-of- was unknown
to Kilpatrick, who have merely-served, in the end, to 1980, the total, assets, of building would probably dislike him if they emphasise Inherent soundness and societies were Just under £25,000,-- met, and was not an object of stability.
,000. "To English eyes this may not t charity. It then went on to explain The spread of the movement, jappear impressive, but, it must be that "a fiver for a 'binge would be after its beginning in Birmingham, remembered, the expansion has very useful The appeal was irre was slow. It began to increase ra- taken place within a very limited sistible, and Kilpatrick sent the pidly 30 or 40 years later. By 1891 period fiver.
there were over 500,000 members Two Types in New Zealand. The story was repeated, and of building societies in Britain. In New Zealand there are two presently Kilpatrick received an- The balance due on mortgage types of societies Permanent and other letter, this time from a young amounted to nearly £50,000,000. Terminating. The latter has been the Congress, Sir Harold Bellman woman, who said: "A cheque for Then came the "Liberator" fall-condemned in Britain, but the ap found the end of the first era of 25 would be very useful. I don't ure and the "Birkbeck" collapse. parent disadvantages seem to have the building societies in 1918, know exactly what a binge is, but Depositors were in a panic. £50been overcome by means of 1000,000 soon became $10,000,000, separate share groups, share Only with the coming of 1914 did clusters, and small weekly sub public confidence reveal itself scriptions. Most of the permanent again..
societies operate after the English- Increasing Power,
fashion, and they pay "fairly" high £469,000,000. Why, Harold, your hair's ever To-day figures show vividly the dividends. One of them, for Now they are approaching a so much thinner than it was when increasing scope and power of the instance, has paid a dividend of 9 fresh task Sir Harold Bell-I first knew you”--
Hong Kong, Thursday, June 29, 1939. Up to that time they had made I should be willing to learn."
only "a somewhat sectional ap-{
Your Daily Smile have peal." Since then they expanded their work sixfold, and their assets have risen from £77,000,000 to
The World's Task of Home-Making.
BRUTAL CANDOUR:
The keen interest of the Princeman estimated that not more I know that, darling. of Wales in housing, and his than one house in five is even honestly, I'm sure there are wide knowledge of its problems, now owned by the occupier, and reasons." found an apt theme in the as-the societies may Daturally hope
societies.
|per cent. ́for many years. But Since 1918, for instance, the When it is recalled" that the other loans to houseowners have increas- population of the Dominion is ed more than sixfold, and how ander two million, and that the amount to nearly £400,000,000 Government, through its lending Mr. Winston Churchill has writ department, has advanced On fighting ten, "At the present moment some workers' homes during 20 years news- 600,000 people are saving steadily the sum of £19,000,000, it will be.. year by year to become the owners seen at once how appreciably of their houses. The stream of building societies are contributing saving thus set flowing by the to the welfare of New Zealand. building societies will not stop From those bar-parlour talks in when the immediate purpose of Birmingham the movement has the house ownership is achieved. The spread not only to our Dominions habit of saving" will survive," and but to the Continent. It was not "Why pick on Joel" said a fed-the nation will continue to beneft until 1924 that Germany became up fan. "Why not shoot the whole from the work of the societies long interested, yet by December, 1931, after their primary aim has been there were 400,000 building society |attained."
members in that country, In Let us put it in another way. Austria there are 29 societies; in Association of Czechoslovakia 12; in Hungary 3;
sembly of the International Con- for much wider realisation of Belleve This or Not!. gress of Building Societies, held the advantages which they have "Boxer's wedding in London. His speech was of to offer. But beyond home own- few hours afterwards" memorable importance as an es-ership wide fields for useful paper headline. timate of the achievements and effort lie open in financing houses the potentialities, at this crucial to let, and in the putting of moment in its development, of existing houses into conditions the popular movement towards of real comfort and health. home ownership which the so- ... cieties have brought into being. Coal Mining's Problem That movement is now world-
Of Unemployment. wide, as the Conference showed.
WHOLESALE - The home team was playing. very poor game of basketball,
"Shoot, Joel shouted one of spectators.
*
The work of the building societies Evidence of substantial im- darned lot!" has become, as an Australian de-provement is to be found in the legate pointed out, one of the May figures of employment and Wiliam. Xavier. greatest factors in the social life unemployment issued by the Bri- Mr. Pate has also the reputation The National of the Dominions. It is pro-tish Ministry of Labour. It of being industrious in his busi-Building Societies has (according in Switzerland 6; and in Poland, sperously effective and extending can scarcely be described as ness.
its power
on the Continent. great, in view of the fact that From the United States
came the register on May 22 showed-
·THAT. HUSBANDĮ
to the latest official" publication) Luxemburg and Denmark one each. 1370 affiliated societies, represent fing nearly £455,000,000 of assets.
Catchphrases,
The remaining 644 societies In the There are many catchphrases the prediction that it is "paving the still appalling total of 2,582,- She (frantically): "Jack, baby's
country represent only £283,000,000, concerning building societies. the way to universal peace." 877 unemployed.. But a de-swallowed the ink”-
and it has The language may seem extrava-crease of 114,765 on the previous He (absently): "I suppose that Again, there are nearly 100 socle They have been called bulwarks
ties each having assets of over against, Socialism, gant, but it is sound doctrine month is not to be despised, and means you want to borrow my
£500,000.
dy been emphasised again and; again that good homes make content-the decrease amounts to 158,000 fountain-pen.”
The building society movement that of you give a man a home of ed peoples. It was with aure compared with a year ago The
has been defined as a co-operative his own and a plot of ground to Insight into the conditions of best feature of the statement is The Brave Eskimo national and world welfare that that the improvement is general,
Eskimo men appear to be grow system of thrift directed or focus cultivate, the odds are against his the Prince declared his Batis- throughout the principal, and
ing an extra rib.. Dr. T. D. Smith-ed upon the promotion of Indivi: becoming a Communist. There is faction that so many countries notably in the heavy, industries san, who has been studying the dual ownership of the home truth here.cove
{(Continued on Page 11.) ....- were proceeding on the lines of Only one shown a serious decline.
race on the Yukon Hiver has shall not be surprised if the Prince home-ownership which, the bull-That is coal mining, for which found that sixteen, per cent of of Wales, when he opens the Inter ding societies have made a prac- the figures are specially bad in
the men whom he examined. had national Building Societies Con tical possibility for the masses, the north-eastern area. Last twenty five ribs instead of twen-gress in London on Whit-Tuesday. U.S. “MIDDIES” MAY
takes this as the theme of this
NOT MARRY. Like some other successful month ago Sir Henry Betterton
ty-four,
speech. economic devices of world ap- told the House of Commons that This gallant attempt on the park Nor can he fall to mention that plication, the societies are of during the last four months un of the Eskimos to correct that building societies, which are Navy Secretary's Ruling British invention, and charap employment in coal had gone, up lamentable error of judgment made teristically British in origin and by. 49,000, and at the present in the Garden of Eden is worthy of Peculiarly. British, have entrenched development. They were first moment, there are as many as the support of most right-thinking especially in English-speaking Young love has been dealt a established in the beginning of 340,000 minera
cut of work, men,
countries.
blow by Mr. Swanson, Secretary the Industrial Revolution. In many of whom are never likely
America, let it be admitted, is of the United States. the economic changes of com to work in a coal-mine again Facts You Did Not
more “ballding society conscious" He has ruled that members of parable magnitude through The, technical improvements, in
{then we are. The Engilahman's the Naval Academy graduating, which we are now passing the mining and the changes in or
home is his castle, whether he is class may not marry during the building societies and their prin- ganisation and marketing under
A chemical preparation has been ner or tenant The American two year probationary period ciples remain an invaluable aid recent. Coal Mines Acts have invented that enables photogr
has gone a step further. He after their studies are finished. and safeguard. Since the war led directly to severe reductions
inted on, textiles the
belleves that before he is monarch Tve received lots of letters Britain has, to borrow the in the amount of labour require aid of an electric light, no toning of all he surveys he must own it from young men in love, Prince's phrase, overcome the led Trade depression has had fixing solution-being required. Walk Empire Societies, wear they even had Congrésemen most acute · phase of housing nothing to do with this, unfor-
But building societies have grip. Sent come down to see if the shortage In its history" by the tunate outcome of the continual The teacher of a gliding school ped the imagination of the Empire, marriage ban could be erection of some 2,000,000 striving for greater efficiency in Germany, has trained falcons, to Take Canada. Here there are he said.” “I admire a man who houses..............The building societies except to intensify the striving, dy, within a limited area so that he over 30 loan and trust, societies, falls in love, but I adm have provided funds for about On the other hand, those who can study their soaring flights with Having asieto, ag L000,000 of the number, and on are fortunate enough to be these and other properties the employment are in better and societies have in the period lent more regular employment
no less than £719,000,000. What coal mines till recent yeırı.
of the future? The Gov
has now entrusted to prise of the build's
a magnet to workers in oth dustries when these were
Know.
themselves all over the world."
the aid of
motion picture camera 000,000
who can amps, that produce artifcial worth of
atien
to have
3,000
ectric currents,
Washington.
those who wait ing Since th the marriage ban on An- raduates will continue #Reuter;
EDGMENT