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Lost Land
No "lost land" has been more variously identified than the Biblical 1"Ophin." The Prorok expedition now claims to have discovered it in the heart of Abyssinia.
Site in India, Ceylon, South Arabia, East Africa, and even South
WEDNESDAY,
41934
BRITAIN'S FUTURE
TRADE
COMPETITION FROM CHINA FORECASTED
CONSTRUCTIVE EFFORT NEEDED
(By Viscount Snowden.)
Once
L
| America at different times have
London, remember Mr. Harold Cox been named as the place from which
The present condition King Salomon obtained gold. ivory world provides abundant material the population of Lancashire had of the telling the House of Commons that and peacocks.
for pessimism. But the situa- been made by machinery! There is still no agreement among tion is not without some encoura- the experts, but the consensus of ging features.
We must import vast quantities opinion has recently inclined to During the nineteenth century port the home population.
of food and raw materials to sup wards placing Ophir in Southern there was a regular succession of must pay for these imports by the We Arabia in the modern province of panics and booms. At temporary export of manufactured goods. If Dhufar. This is the most pleasant depression of trade was always part of the Sultanate of Muscat and followed by a recovery, and an ex-port, and the results will certainly
we cannot export [Oman.
pansion beyond the previous level. he that we cannot maintain our
Those who believe that "history presunt population.
in repeats itself" will derive, hope
from these past experiences.
Assorted
The chief product. of Dhufar day is frankincense,, as it was Biblical days.
to-
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Far East Competition
But there are factors in the pre- If we develop our agriculture to He Answered The Saobs dent world depression which make its highest productivity within comparisons rather. unreliable. In our present scientific knowledge of August Busch, who committed the first place, no previous depres-agriculture we could not produce suicide recently; was the most sue- sion lasted so long. nor was it so food enough to support our popu cessful of 'America's beer parona. widespread. In the second place,lation, France, with its popula- 'The son of a German immigrant it was not accompanied to any-tion of peasant cultivators, has from Mainz, who had, built up the thing like the saine extent by a been self-supporting in the matter biggest brewing business in the violent and universal outbreak of of food, but the density of her States. August fought the Tean economie nationalism. In the third population, is only about one-quar- years of Frohibition by inventing place. new and powerful nations ter of that of England and Wales. Ja non-introyicant beverage called have entered the sphere of liter- Our problem is to maintain and
Bevo.
national trade competition. linereuse our foreign trade so that Buschked hunting, and when These Tacts Justify in measure we can support our population in be found himself and, his ̧`family the oft-repeated statement that comfort. What steps, then, should Barred from the "fashionable" St. world trade conditions have chang- be taken to that end? Louis Country Club, he retaliated jed: but they do not justify the in- The competition we have to meet achieved a new record, and was by founding his own Bridle Spurtensification of policies which are will come from the Far East-to- some 60,000 tons beyond the ab- Hunt Club. The new club soon be obviously and admittedly the day from Japan, to-morrow. from sorption of the year. The came more exclusive than the old. main cause of the prolongation of China aleo. I have watched the Hong Kong.. Wednesday, April 4, 1934 world's stocks to-day represent When the sale of beer again ba-(the depression.
commercial policy of Japan for more than ten months' supply, came legal in America, Busch and Whether they believe it or not, forty years, and all the time she New uses are being found for his associates spent over £1.500.000 u the nations are new acting on has been pursuing a consistent rubber almost daily, but the prin-on improvements in their St. Louis the idea that it is a crime to admit aim. Politically she aims at the cipal demand is for
goods which have been produced domination of China, but for the tyres.
elsewhere: By Without increase in world trade
every possible purpose of exploiting the enormous and a corresponding call for
quotas, restric-resources of that vast country. With the dollar exchange in
tions, on imports-every country is transport there is small prospertį
When to Japanese competition the region of 6.10, and the Ameri- of the need for rubber outrun-Pot Shot
trying to keep out foreign goods. In the world markets is added that can price of gold at 35 dollars
and at the same time trylag.to sell of. 400 million Chinese with coal, per ounce. there is a considerable ning a supply that is capable of
Face powder can be as devastat-its own goods in other countries. tron, and water power in abun-
The Future Of Gold And Rubber,
brewery.
device-tariffs, Your Daily Smile.
.
margin of profit in.shipping gold (great and quick expansion. The ing a man power as gunpowder. A great many economic theories dance, what is going to happen to
hope of the industry must con-
to New York. So long as that is tinue to be in a general restric-
•
"You are wanted on the phone, neither nations nor Individuals can future.
"Who is it?"
"Your wife, sir."
"What does she want?"
the case gold will stove in that tion of output. If that proved Office Conversation direction. The payment of de-impossible of attainment the preciated dollars against this rise in the market price would be i new gold following upon the followed by a sharp fall. With taking over of all the American restriction rubber might have a gold stocks.. is a measure of in-wonderful future, for in days of flation that will temporarily give adversity the secrets of cheap American exports an advantage production have been learned. in outside markets, and must) prove a fresh disturbance to in- {ternational trade. If this situa- tion raises no acute apprehension it is because the fixing of a lower) ·
The Unjust Right of Disinheritance.
+
"I don't know. I only heard the word 'idiot." -
Struggle For Trade
and financial policies have been world trade? That is the biggest Inbandoned in recent years. but and gravest problems before the overcome the elementary truth. Meanwhite, what are we doing that trade is an exchange of goods to meet it? Nothing, except to or services.
talk about tariffs. The Immediate menace of Japanese competition is The abortive World Economic not so much in our home market · "Go away!. Can't you see she Conference unanimously agreed as in her encroachment upon our, wants to speak to me personally that all form of restrictions on the trade in foreign countries, where free Row of international com-we can do nothing to meet har by merce were a curse and that steps tariffs.
The effectiveness of Japanese How many kisses did he give should be taken to reduce or re-
move them.. Then the delegates competition is not so much due went home and set to work to into lowerd wages and depreciate crease the restrictions.
jcurrency as to the thoroughness of
*
*
He Started With a Peck
gold content of the dollar will In England and Wales, alone of you? probably be followed by that the principal countries of the world quick rise of internal prices at is it possible for a rich man to make Costume Comment which Mr. Roosevelt aims. That will without any provision for the effects of inflation in America his wife or children. The public their bathing outfits in Small women, it is stated, have been discounted in anticipa- learns from time to time of some juvenile departments. And so, tlon by the higher wages pro- particularly scandalous, "instance parently, do farge women. vided for under the National Re- of cruelty
vindictiveness
· or covery plan is another tranquil-i In
will. Too often those Self-help lising factor. A greater abund who suffer under
an, unjust will
ance of currency will be offset in are silent about their position be-
+
The first law of possession
·
*
It is not surprising that when her efficiency. and organisation. get every country is doing all it can Lancashire is screaming for pro- ap-countries the foreign trade of the petition, but is doing nothing to to restrict the trade of all other tection against Japanese com-
the
world should have declined by two-organise the cotton trade, which is thirds in recent years. If this in a state of Victorian individu- polley of economic nationalism- Jalium. The same remark applies" the policy of each country making to the iron and steel industry. It itself self-sufficient as far
was given a heavy tariff on condi- It. canis continued, then there ition that it reorganised.' It has
(Continued on Page 10.)
a measure by heavier nominal cause the law gives them. no resick Bed Silliness payments for labour. As the medy. The number of such cases chief gold producer of the
"You look much better to-day," world, the British Empire bene-realised. The tragedies of wrong- tions and kept the medicine bottles is vastly greater than is generally
"Yes, Tve followed your instruc-ne possibility of any substantial done nothing of the sort.
revival of foreign trade. fits by the first effects of the rige fol textamentary dispositions are tightly corked!"
The struggle to capture what re-i in price. India gains in releas-known only to solicitors. Efforts
mains of international trade will become greatly intensified, and It will go to those countries which are best equipped to capture it.
This raises grave problems for Great Britain. Not long ago one-
ing the hoards of gold that flow to right what may be a scandalous For Dining and Whining out of that country with every wrong, are too often upward change of price. About with the phrase that "a man has ing formed.
dismissed A new Grumblers' Club is the ultimate results there can be the right to do what he likes with no confident prediction, but no his own." That is a right that no situation has arisen that calls for other country recognises
more than watchfulness on-the
where
be-
•
ELECTRIC VOICE REPRODUCTION. Creation Of Perfect "Vox Humana.”
.Prague,
Facts You Did Not third of our country's, production part of British authorities. Pre dren are concerned, and it is time
Know. the interests of widows and 'chil-}
went to foreign markets. To-day it la estimated at about one-fifth.: sident Roosevelt's action has not depreciated the dollar in interna-that it ceased to be regarded as a Instead of using a wind tunnel to Our grest volume of unemployment
An electrical machine which can tional exchange to the extent by right in this country, The Powers test airplanes & French plant tows is mainly accounted for by the loss which it has lowered its internal by Sir John Wardlaw-Milne is now hind a car on an electric railway,
of Disinheritance Bill introduced them at a mile a minute speed be of our export trade.
reproduce every known sound has If we cannot recover our ex-just been patented in Czecho- value. Causes that are outside! and beyond the edict of a Pres-under the consideration of a the car carrying instruments to report trade, what is to become of Slovakia dent influence the world's valua- Standing Committee of the House cord speed, wind pressure and the millions of our population who Based on the principles of higit tion of the dollar, and there are of Commons. The Bill is a simple strains,
have been maintained by it in the frequency. wireless, it realises a. past?
dream of prgan-builders through- doubts whether the Exchange measure that avoide almost all the Fund will be powerful enough to legal objections that have been A United States Department of No doubt, apart from any pos-out, the ages the creation, of the enforce depreciation in face of taken to interference with the Agriculture scientist recently iden-able revival of the export trada, porfect yox, humana." the United States' position as the freedom of a testator. It provides tified an inknown, parasite that kill-some of the efficient unemployed Close analysis of any voice will greatest creditor nation. The that if a surviving wife or child ed a valuable race horse by making will be gradually absorbed by the permit of its perfect imitation on renewed accumulation of gold in is left without adequate provision a photomicrosocople, examination of development of new industries the machine by an operator sitting the United States may hold pro-for proper malatenance, education, the contents of a flea's stomach. catering for home consumption at keyboard blems for the future should or advancement in life, an applica
Our unemployed problem would | The finest shades of sound can
other countries desire to return tion can be made to the Court for
have been enormonsly more seri- be reproduced with exact pitch,
to a gold standard, but those such provision" to be made out of serves something more than the ous if it had not been for the rise tone and intensity-Beu difficulties have little more than the estate. Legislation on these sympathy of the principal Law of new industries Buchas the academic interent at the present lines has been enacted in several Officer. The Bill has been intro-motor trade, electrical trades, time. Another commodity, rub, of the Dominions and has proyed duced" as a private messure, and wireless, the cinema, and motor ber, has reached a higher level in conspicuously successful. Bir its chances of passing * such are transport and sylation. MOTHER OF 23 CHILDREN price, but from other causes: Thomas Tnskip, the Attorney Gen-antertain. The evil that it seeks The question arises: Can we
Lisbon,
The rise in value is due to a be-eral, who is attending the Stand-to remedy is admitted by the At maintain our large population Portuguese woman aged 57,
lief that the scheme of restric-log Committee as the representa, tornay-General. The principle the prosent », standard of living
tion which has been a matter of liye of the Government, has said upon which it fa framed is in ac- without a largs export trade?, Armanda de Gouvela, has cole- talk and negotiation for many that "in theory we are all in favour cordance with humane law in The answer to that depends upon brated the 20th anniversary of her months may be adopted, of altering the law.”- "The amend, every part of the wor!! There a number of considerations.No wedding day by presenting her Nothing in the actual position of menta, he has suggested are of no could scarecly by z bet
the Industry would otherwise grakt moment, and will not of a Bill for which the warrant so choarful an outlook, soriously affect the purpose of the recht of the day khould Rubber production last year; Bill.", Tula meraure, however, de-Iresponsible-
country, in the world has maintain husband with their, third pair of
population" as dense, per twins. square mile as England, without. This, bridge the total hatcher of
ort träds. their children op 21