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tion
CHINA MAIL MARCH 3, 1937
the
himself recently made an appeal for the lowering of trade barriers as a means to world peace, and asked for an
dham Street, Hong Kong.extension of the powers under which the United States has con- cinded fifteen reciprocal trade
ndon Office:
7, Garrick Street, London, W.C.2[agreements. American policy is
the Editor, the Wri
Name
as a guarantee of good faith.
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coming into line with that which for Britain has pursued in seeking
through bilateral undertakings to surmount the barriers to trade. The perils of economic but isolation have been a frequent
theme with Mr. Cordell Hull, but a change in the American.na tional view is likely to be a slow process. Swift transition from the position of a debtor country to that of the principal crediför nation, the impossibility, without 3, 1937 economic disaster, of collecting debts, and preoccupation with in- ternal æbles - have ? made
TOWARDS ECONOMIC Americans hesitant - regarding
CO-OPERATION:
new commitments abroad. Yet for the United States, as for other nations, there can be no Mr. full restoration of prosperity
without economic collaboration.
A Passport Question
Cautions as has been Walter Runciman: în all refer ences to his recent conversations in the United States, be longer maintains the pleas fiction that nothing happened On the basis of the summaris- there. His talks with Mr. Loose-ed version of police court pro- velt and Mr. Cordell Hull may ceedings on Tuesday in which a have been informal, they may Russian woman was fined for not have had anything of the entering the Colony without a character of “negotiations,” but valid passport, a curious anomaly they have led to the conviction was apparently permitted to that there is something to be arise. Although the woman was i "explored," and exploration has Russian by birth, she was in apparently resulted in some pro- possession of legal Chinese na- gress. The President of the turalisation papers, which pre- Board of Trade expresses the sumably entitled her to describe hope that as a result economic herself as a Chinese citizen. co-operation between the United In these circumstances, it is States and ourselves will be difficult to fathom the logic of facilitated. It is obvious that the prosecution. Persons of any large upward movement of Chinese race are not required foreign trade is impossible with-when entering the Colony to out positive measures. That is produce passports and although the lesson of last year, during the local ordinance appears to which the potentials of recovery make a distinction between one sted, but improvement on any type of Chinese citizen and an- siderable cale did not go other by referring to race and much beyond internal trade.
not to nationality, it would seem reasonable to expect that having A belief that co-operation could
acquired the status of a Chinese produce better results was the basis of the Anglo-French the benefits which that status citizen, a person is entitled to American Currency agreement confers. Moreover, the regul In the field of exchange that ar- tions lay down that there shall rangement has operated bene-be no conviction if the person ficially, but nothing like full ad-entering the Colony produces an vantage has been taken of its official document establishing possibilities in promoting trade. nationality Disappointment with its effect in that direction has been mark- rance, and has given rise to imomous debates on
and warnings of a
to come by M Flandım. which should have come to
tive
There may be good and suffi cient reasons for denying asylum in Hong Kong to any individual, Chimese or foreign Police in this respect is to be commend ed rather than otherwise.
France from the devaluation of But there are other ways of the franc and the compa
killing a cat than stringing it up steadmess of hange have on official red tape →→→ or pos→ been largely dissipated in an sibly of stretching a passport internal rise of prices, primarily regulation to a point beyond the because the French contribution stage at which it was intended to trade betterment was a very limited reduction of restrictions
to ga
upon imports. A belief that de Wig And Below
valuation mitself was sufficient.
to revive the
could not be read in
development of wo
trade
goods
tern
of an agreemer that linked
exchange, and provided
tion to
quotas and com
their about
ibilities he behind
that Mr
Lord Hewart said, in jest, the er day, that much of a judge, power resides in his full-bottom-
ed wig.
But beneath that
usually a
immense
fing and
there is rain,
facts,