THE CHINA MAIL MONDAY, JUNE 10, 1935
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WHITEAWAY LAIDLAW
The China Mail
HERE THERE
THERE
· EVERYWHERE
IS THE BBC WEONG:
Mr. 3. E. Thomas was asked about Newfoundland in the House, of Commons" recently. He pro- nounced the name with equal stress on all three syllables-Newfound- Fland
Laber in the sitting Col.. Colville, Secretary to the Department of Overseas Trade, spoke of "New- foundland,” with the accent on the first syllable..
GROWING DEFICITS IN ITALY
STIFLING CHARGES
ON TRADE
DRASTIC MEASURES TO AID
CURRENCY
(By Sir Percival Phillips)
TALY'S economic position as otherwise in foreign countries, seen by the man in the street for the largest sum that can be gives him cause for deep anxiety taken out by the ordinary travel- He may be unfamiliar with the ler of Italian nationality is 2.000 Other MPs put the accent on the second and the third syllables intricacies of national finance in-fire. Italians who are permitted volving the manipulation of mil-to travel for business reasons are When the 1930 Imperial Confer Hards of lire, but he can recog-granted a sum sufficient for their ence was on in London the Newise hard facts when they hit needs, as determined by the foundland delegates were asked how him, so to speak, in the face. Ministry of Finance.
tion:
first and last syllables.
CINEMA “CHARGED"
at
to pronounce the name. The en-
He knows that business, which( - Adverse Trade. Balances quirer was assured that Mr. J. H..
was bad. is now worse because If you want to buy £5 in sterl- Thomas uses the correct pronuncia-the import and export trades ing you must fill out a form stat- have been hard hit by new ing the reason, and the Ministry. The B.B.C. however, stresses the restrictions He knows that in-will decide if you can have it dustry is faced with a shortage It is just as difficult to bring of raw materials for the same money into Italy. The repre- reason, as well as a shortage of sentative here of a large British. Miss Cicely Courtzeidge was the skilled labour due to mobilisation, corporation applied at the begin principal witness for the defence at and that the whole structure of ning of the year to import the commercial and economic life has £10.000. He was granted £2,000" the mock trial held London School of Economics, when been affected by the call to the a fortnight ago, another £1,000 a week later, and told that he the cinema was charged with "mis colours.
The embargo on foreign trade, might have $1,000 more in the appropriating history.”
Mr. Philip Guedalla prosecuted. he realises, is a drastic measure incar future. This dole system is The defence was conducted by Mr. intended to keep the lira at its wholly inadequate, and (as in the present level and prevent the instance of this firm) important Beverler Baxter (Director of Fub-export of gold. He thinks Italy industrial developments are in lic Relations, Gaumont-British Pic-lost a very good opportunity to definitely held up. ture Corporation) and Mr. Victor devalue the lira and improve her Then the Government decided Saville (director of "The Iron internal position, first when further to fortify the lira and to sh Duke"). Mr. Theobald Mathew, Great Britain went off gold, and redress its adverse trade balances. Recorder of Maidstone and son of again when the United States fol- by subjecting the export and im the late Lord Justice Mathew, was lowed her example. Now that port trades to quotas and a com.. so many countries have closed plicated system of barter and ex-
King reminded those present, is the judge. the outcome of a recommenda- The trial was the first of a their markets, and the cost of change. The result thus far has tion made some years ago by a series in aid of King Edward's living has already increased 15 been confusion. Italy had a Lord Hospital Fund for London. to 20 per cent, he believes that favourable trade balance last
it is too late.
Hong Kong. Monday, June 18, 1935. committee
over which
Your Daily Smile!
A traveller claims that he has found
Athlone presided. To a sugges- tion from the same committee
Where Money Is Spent England owes the London School of Tropical Medicine, which is
In normal times, provided the giving aid of the utmost value in the work's largest pain. We fancy new trade regulations were modi- the fight against tropical malawe know the hotel porter he is refer-Sed, as he thinks they must be dies whose conquest is vital to the ing to development of great areas of the Empire
*
Moving In Father: "But if you marry daughter, what will you live on?"
Saitor (blandly) “Oh, she'll main here as your housekeeper,
become your secretary
Too Fall for Utterance
My
the country would be just about able to maintain the liza and carry on But with the added handicap of even partial mobili sation the outlook appears to him and very discouraging, although by
no means hopeless.
The financial position when
year with three countries only→→ Switzerland, Hungary and Greece- -out of 19 with which she did business.
Her adverse trade balances included: Great Britain, 171– 000,000 lire; British India. 233,000,000; Canada. 23,000,- 000; Union of South Africa. 45.000.000. Her largest ad- verse balance was that with Germany, 378,000,000, and the smallest with Czechoslovakia, 10,000,000.
America's Currency
Policy
Disappointment has been ex pressed at the failure of Mr Morgenthau to declare for early change in the currency policy of
These two centres of research the United States. That feeling
should give London its rightful must be confined to the few who place in the front line of medical had persuaded themselves that a broadcast by the United States teaching and study. They typify Treasurer would provide a suit-that awakened interest in the
"If you are tired of dancing, let the new crisis arose was very fer principal exports to Great able occasion for an announce causes of disease which has added
so remarkably to health and to sit down and have a little teteva-much what it was at the end of Britain last year included 68-488 ment of momentous importance-
Medicine has been tete" longevity.
the financial year last June. The tons of citrus fruits, 11,399 tons There was never good reason to
converted into a social service "No thank you After such a big regular Public Debt was then of fresh fruit, 5.717,400 pairs, of believe that Mr. Morgenthau
That re-supper I really couldn't eat, a thing about 98 milliard lire, not includ-gloves, and 19441 tons of prepar would have a secret to disclose to aiming at prevention:
Tolution necessarily involves an
ling the War Debt. The addi-led tomatoes The remainder of On the ques-
Morning la listening world.
increase in the facilities for ex- tion of stabilisation of currencies perimental research such as the "It must be time to get up."
Young Husband (in early morning):tional Public Works Debt, which the export trade embraced a wide
is distributed over a term of variety of commodities ranging”. all that he said was that America Post-Graduate Medical School Whe: "Why?"
years, is another 72 miliards. from vermouth and wines to will wait for other countries to
provides. It is appropriate that Young Husband: "Baby's fallen
Italy's external debt is com-hemp, hides, minerals, chemicals more in that direction while at the opening of the new buildings asleep.
paratively small, and therefore jand various raw materials. the same time Washington will should have fallen within the
the Government has been able to Some Trade Restrictions not be an obstacle and is not unround of the Jubilee celebrations-
control the lira and maintain à willing to stabilise. It is at any The period of the King's reign
fairly good market for gilt-edged rate a definite service to clear has seen such an advance in medi-
securities even at the present away rumours that disturbed the one and surgery as has trans-
The internal deficit has markets. The policy of Washing formed the whole conception of Bay Hotel wishes to advise intend- been steadily increasing. ton is frankly that of watching the service that the doctor caning patrons that there will be no land to have regard solely to what render, and has added years to Dinner Dance at the Hotel on
it conceives to be of advantage to the normal expectation of life. America.
The United States is in the
middle of a vast experiment, and
is determined for the present to SAILORS & SOLDIERS
Tel 57632
21279
58545 58906 29071
go forward with a policy believed
to have benefited its trade and in- dustry. To lead the way in
HOME
•
LOCAL NEWS BREVITIES
The Management of the Repulse time
Wednesday hert
A receiving order was made against the Tung Tak firm and its
Money has been spent lavishly on social services and defence. The cost of main- taining a conscript when called up is 890 lire per day, and by the time this is read at least 600.000 men will be under
21119.
Italy's chief purchases from Great Britain during 1934 were:
24,845 pairs of boots and shoes (as against 63,608 pairs in 1933);
4.721.786 tons of coal; 7,741 tons of fresh and pre- pared fish;
6,117 tons of machinery: 19,860 tons of pig iron; 21,616 tons of potter's clay and prepared earths;
8.391 tons of raw and waste wool, and
4.004 tons of fin-plates and sheet-iron.
branches, the Ting Lok. the Tung Wo by the Chief Justice, Sir Atholl
The intensive campaign in sup- MacGregor, at the Bankruptcy stabilisation would, Mr. Morger-Donations Acknowledged application of Mr. F. X. D'Almada, ber, when all private foreign ere- Court on Saturday morning on the port of the lira began last Decern- Shr., on behalf of Messrs. Arcali dits held by Italians were com- The first restrictions on trade mandeered by the Government with Great Britain came in the Decrees then issued compelled all form of a decree permitting only White ants are stated to be res banks, firms, and private indivi-from 15 to 35 per cent of the duals to transfer their holdings previous year's imports to be ponsible for the collapse of the abroad to a new organisation, hrought into Italy between Feb-
than declares, expose the country { Ito attacks on its trade from out-
The Rev. Erris CHL Tribbeck Įside, and bring back the condi itions of 1932
gratefully acknowledges, on behalf Nobody can pre- perly Complain that American in- of the Committee of the Sailors' PARTICULARLY terests should be considered first and Soldiers' Home, the following
to the Funds of and that risks should be declined donations
Homer In England they are as ·COG-
Quarterly Subscription: vinced as they are in America: that the time for stabilisation has Mr. W. S. Smith
· Annna] Subscriptions:- not yet come. Sterling is show 1, ing remarkable strength in all the Sir Robert To Tng, Kt. markets and their foreign trade Messrs. Raven & Basto
Special Grant: is growing. They are moving to wards stability in exchange The Hong Kong Jockey Any effort either on the part of the United States or Britain to quicken the process would proba-
PORTRAIT
BEST
AND
SERVICE
IN
DEVELOPING
ENLARGING
PRINTING
bly have an effect the reverse of that sought
In Medical Study
ART
PHOTOGRAPHY
KING'S STUDIO
影景
QUEEN'S ROAD, CTL-
1st FLOOR
MAN LOONG
ved Ginger and Fruit Manufactu
A Notable Development
Club
Bros.
the root of a motor garage“ at : 349,
styled the Institute of Foreign 16 and March 31 The importa- Castle Peak Road early on Saturday Exchange which was set up tion of coal, except for the State morning. In a report made to the under the Ministry of Finance railways, was totally prohibited, ..$5.00[Shamshuipo police, Shui Ki, motor Foreign securities and Italian and even newspapers and period- dealer of 168 Fak Wing Street, securities issued abroad had to be icals were to be limited by quota 25.00 stated that damage was caused to registered before the end of the
(Continued on Page 6)
25.00 two buses and a motor cycle. No!
person was injuredTM
250.00
year with the Bank of Italy.
Conscripted Investments
These conscripted investments
Whilst working on the new Shan-
Ngan King-san, aged 26 years, was Government. The holders are
kiwan Road, an earth coolie, named are now being realised by the ID
NATHAN ROAD CAR rushed to death when a large rock summoned to the Bank of Italy, fell on him. Deceased lived at the fand asked in terms which leave Choi Lee Contractors" matched.
SMASH
European Demolishes
When recently the King open- 相星
Mr.
Island Beacon
YANGTZE COMMAND
no room for evasion if they are willing to sell They are given Ilire at the current rate of ex- change, which is fixed daily by the Ministry of Finance, and the
The Admiralty announce that capital thus acquired is utilised Horworth, of His Ma-the following appointment has by the Government to supp ed the Post-Graduate Medical School at Hammersmith he gave jesty's Naval Dockyard, Kowloon, been approved-
the lira and reduce the Budget his blessing to a very notable de reported to the Police that while Eear Admiral Lewis G. E. Crab-deficit velopment in medical education in driving his car, No. 2657, along be, CLE DS.O to be Rear Ad-Despite the threat of penalties northerly direcmiral and Senior Naval Officer, for non-compliance with the call England The school, with its Nathan Road
on Yangtze, in succession to Bear on their foreign capital, affic Admiral Francis G. G. Chilton, the holders have yielded
CP, to date August 23, 1935, and Some Italians,
combination of wards, resear
laboratories and university tea
fing, should
of attracting all quarters; will be
Sall
"At last have
am told, have command about October been able to go abroad-
holiday
ear Admiralk
ake z
stay