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The China 4
THE CHINA MAIL, JUNE 25, 1937,
Ninety-Second Year of Publication 3A Wyndham Street, "Hong Kong, Telephone 20022. London Office:
As to the policy which dictat- ed the decision to change the financial administrative system little can be said until oppor- tunity has been had of seeing the new arrangement - working. Some misgiving may he felt that the introduction of an officer seconded from the Colonial Office may herald the beginning of All communications stend for tighter control by the Home publication soll be addressed to Government over colonial affairs the Editor, an accompanied by in general, as opposed to the the Writer's Name and Address, principle of leaving them, more not necessarily for insertion but and more, as time goes on to the as a guarantee of good faith.
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governed, in accordance with de- mocratic ideas. Our own feeling at the moment, however, is that this suggests looking in the wood- pile for a non-existent nigger. Economic affairs loom so much more importantly every day in
Hong Kong, Friday, June 25, 1937. problems of administration that
H.K. FINANCIAL ADMINISTRATION
there is ground for the view that some such rationalisation as is contemplated, is not only neces- sary, but overdue.
Lest We Forget
The Secretary of State's memorandum, giving a general The illustrated review belong- outline of the duties which will ing to the "Popolo d'Italia," the devolve upon Mr. Sydney Caine, most official of all official papers soon to arrive in the Colony to in Italy, has just published what take up the newly-created post it describes with unusual modesty of Financial Secretary, discloses as a "special edition' devoted to the real importance of the "Imperial Italy." A monumental changes proposed in financial ad- volume which can easily be lifted ministration in Hong Kong and by a man of average strength, In other Crown Colonies, to it commemorates the conquests which similarly endowed officers of Abyssinia and must have are to be seconded. Mr Came taken almost as great an effort will be both conspicuously active to produce. In it senators, de- within the Hong Kong Govern- puties, Ministers, and Fascist ment, as a member of both the officials describe in the blackest Executive and Legislative Coun-of type on the whitest of paper cils, and, at the same time, in a the history of the Roman Em- way, aloof from it as far as pire from Carthage to - Addis ordinary routine is concerned. Ababa, except for two impressive As the Colonial Secretary is the right-hand man of the Governor,
pages on which Mussolini's the Financial Secretary will be speec of victory is printed his left, acting largely in an ad- white letters on a blackback- ground. Even in Italy, one im- visory capacity, lending the benefit of his special training and agines, it will hardly become a experience in the formulation of popular handbook; but these are the whole financial and economic materialism of a decadent people. thoughts inspired by the gross policy of the Government. His The virile Italian nation will, no will be the task of introducing doubt, feel that money has been the Budget and his outline of the well spent on a book which so financial programme may be ex- conclusively proves its greatness. pected to include an analysis of even if indirectly it may have to the reasons which lay behind Government's proposals, as well pay for it. as the figures themselves.
And how it will im- press the outside world! Truly, says the "Manchester Guardian," His appointment, it may be a people which reads books like noted, does not involves an over- this must be a race of giants, lapping with the work of the and a people which writes them Treasury Department, with which must be a race of children. the Financial Secretary will have little actually to do. The Co- lonial Treasurer's responsibility Sea for the collection of revenue and for
ontrol
accounting for expenditure Such is the state of Europe will remain, for the Treasury to-day, that the four-Power con- will assume the status of an csultative agreement on sea con- counting department, pure and trol off the Spanish coast, broke simple, and the direction of fin- down within ten days of its ancial and economic policy will signatures. And such is the pass to the Financial Secretary. state of Europe, that this appar
The merit of the scheme na- ent disaster has had no dis- turally depends entirely upon the astrous immediate effect. qualifications and ability of the It is an astonishing thing per- officer selected for what in a haps to find Britain warmly commercial centre like Hong welcoming Germany's decision to Kong, can only be regarded as withdraw from the • sea control, one of the most responsible of fover which Mr. Eden struggled administrative posts, and from so hard to achieve an under- that is known about Mr. standing following the Deutsch- Caine, it seems likely that in this land incident, but the welcome, respect, the Colony is indeed perhaps, iš relative to the limit fortunate. He comes with a of action, and in any case, it is wide practical knowledge of difficult for Britain to feel at- economic problems, apart from together happy at the breakdown his diplomas, and at an age, 35, of the consultative agreement. to which the Colony, as far as Somehow, through every vicis- its higher administrative posts situde, the non-intervention is concerned, is unaccustomed agreement survives, and that is That is, perhaps, a good thing the important thing. It is diffi- in itself, as well as an earnest of cult to believe, on a study of the high confidence placed in his events, that any nation in abilities by the Secretary of Europe is to-day anxious to pre- State.
cipitate conflict.
all