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SHOWING
TO-DAY KINGS:
Crusher
the
GARBO LOVES
ROBERT
TAYLOR
ALSO
LATEST
NEWS OF THE
DAY
IN
Comai
A Metro-Goldwyn-Mayer Picture
Next Change"". M.G.M. Picture
« SHOWS
AL-230, 5.18,
15 & 9.3
LIONEL BARRYMORE.
"SINNER TAKE ALL"
"HE CHINA MAIL, MARCH 18, 1937.
SECRET OF GERMAN
FINANCES
HID OF MONE
SOUND RELATIONSHIP OF MONEY AND COMMODITIES
(SPECIAL TO “CHINA MAIL")
Dr. Schacht.
Berlin, To-day.
"The secret of the source of Germany's funds for the work of creation of national defence and other projects is merely one of strict financiak dis- cipline, declared Dr. Hjalmar Schacht, President of the Reichsbank, at the general meeting of the Bank's directors yesterday morning.
“EVEN WHEN ONE'S TOTAL FINANCIAL MEANS ARE SLIGHT, MUCH CAN BE ACCOMPLISHED WHEN THEY ARE PROPERLY CONTROLLED, HE STATED.
Germany's present financial,
With Bruce Cabot-Margaret Lindsay Joseph Calleia plight, he continued, was due to
EXCEAN TRAM OR MAET VALLEY BUS.
ORIENTALE
•LAST 4 TIMES TO-DAY•
NIGHT-CLUB QUEEN'S NEW SMART MONEY RACKET!
The most sensational exposure ever screened. BEATS ALL PREVIOUS GANGSTER PERFORMANCES!
Atle Caesar Blasts His EDW.G.ROBINSON
DAYS
BULLETS BALLOTS
JOAN BLONDELL BARTON MerLANE HUMPHREY SOGART MCHUGH
FRANK
ONLY TO-MORROW & SATURDAY • NOVEL COMEDY WITH MUSIC STARS! A phony Count shows you how to tame an heiress in this hilarious mad romantic comedy musical
Gene Raymond WALKING ON AIR
Ann Sothern
© MATINEES: 202-30c & EVENINGS: 20c.-30c.-50c.-70c.
STAR
FINAL SHOWINGS TO-DAY
Why won't this boy talk to save his life?
Ia Give My Life Id
STANDING
COM BROWNE,
war inflation to Reparations and the mismanagement of former Fyears, all of which had combined to undermine the financial
GERMAN GIFT TO LONDON
foundation of the German econo-Germanica Historica
mic system.
ELASTICITY POLICY
The Reich to-day was in no danger
Volumes
London. To-day-
At the centenary celebrations of
of floundering financially, because the foundation of London Univer- their financial policy was one of sity yesterday. the German Ambas- caution and strict control though sador, Herr Joachim von Ribben immediate action was taken when trop. presented the University with
the situation demanded it.
a gift from the German people of
Dr. Schacht emphasised that this a collection of historical works." elasticity on the part of the Reichs- The collection totals 2,600 vo- bank was not în contradiction to lumes, including the last existing the fundamental principles of fin- complete copy of the monumental ance
"Germanica Historica." the most
a
He declared that Germany's pre-authentic source of information on sent financial policy began where the mediaeval Germany. credit policy stopped, and that its The presentation was made in goal was the establishment of the Institute of Historical Re- sound relationship between money search and the wish was expressed and goods.
by Herr von Ribbentrop that the British and German peoples might come to understand each other bet-
SO-CALLED MIRACLE
No More Rent Tax
The so-called "miracle" of Ger- ter Trang-Ocean. man finance was nothing more than a constant endeavour, as credit volume, increased, to bring about the return of the same amount of money to the Reichsbank that had left it.
This Was accomplished through long-term loans or through placing the proceeds of short-term loans at the dis- posal of the economic system. through promissory notes of the German gold discount bank
Canton, To-day.
The Kwangtung Provincial Gov- ernment has approved the petition of the Canton merchants that more rent tax be levied in Canton from now on. The Government at one time imposed a special tax of, one month's rent, payable half by the landlords and half by tenants, whenever the Government needed Speaking of the future, Dr. some money for special expenses. Schacht declared that the problem-Our Own Correspondent. of consolidating loans would pre-
sent increasing difficulties but that The fourth annual general-meet- the Reichsbank would also face these ing of the Kowloon Tong Garden and - a City Association will be held at the Trans-Clubhouse on Thursday, March 25,
at 6.p.m
tasks with determination
sense of responsibility.
Ocean.
"CRIME OF DR. FORBES
TO-MORROW
ROBERT KENT
GLORIA STUART
CENTRAL
CENTRAL: CAR PARK-
or 5 going west, 3 mi. from stop
YOTS
TO-DAY & TO-MORROW.
"DAMAGED LIVES”
A RINGING WARNING. those par
tho keep their sons and daughters