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Notice To Contri
All -- comm nications intended for publication should be addressed to the Editor, be accompanied the
Name and Address
not
as a gu
insertion:
antes of good faith.
HK$36:00
HK$18.00
HK$ 2.00:
3 Mo
Abroad Extra
but
price of
wean the belief might suc-
epublic that ged a stable of money
value, either or commodities, and unless the present widespread belief in the value of gold is replaced by some- thing equally assured, the under- mining of this faith would in- evitably lead to uncertainty.
This statement recognises that a system (in this instance a monetary one) is no better or worse than men think it is. The use of the words "belief” and "faith" make this great, and un- deniable fact patent For the
"ซี้
Hong Kong, Wednesday, Aug. 18, 1937 main prop under the present
PROFITEERING.
RACKET
monetary systems is a belief or faith in their efficacy: Gold also derives its worth from the "wide- spread behef (or faith) in the value of gold” Take away such Government's statement yes-beliefs or faith, as the Economist terday on local attempts to capi-fimplies, and these systems must talise, by profiteering, on the collapse. Sino-Japanese war
emergency,
This deduction leads naturally
may be taken as a warning. As to another that it is not so im- pointed out, there is precedenti portant for monetary or other for applying a system of rent systems to be altered or replaced control in the Colony and there as for the thoughts of men dir- are also ways and means by ecting them to change and be which the foodstuffs racket can come rid of the faulty, errone- be defeated, though the problem ous reasoning that has resulted may be much more difficult, in-un-confusion and stagnation in volving, as it would, the creation world channels of exchange. This of emergency machinery of a would, of course, include a change rather cumbersome nature.
from the doubt, suspicion and un-
The main thing for the moment certainty so rife to day to the has been achieved, however, in greater confidence being cla- letting it be known that Govern-1moured for in the whole world. ment is not altogether una
of devions methods of exploita- tion being practised, and that there is a limit to which it will be allowed to go.
Anti-Education
Chief public grievances to-day are against compradores, who have used the alleged difficulty of obtaining fresh supplies as a
Suspicion of education is no pretext for substantial increases new thing, but it may be thought in the price of imported grocer-perhaps that the Kurds in the ies, and against landlords, some Dersim went a little too far in of whom have notified tenants of showing their hostility to the in- increases as high as 50 per cent. troduction of compulsory educa- above present levels. Govern- tion among them by an armed ment has stated that it will take revolt in the quelling of which action if the rent ramp becomes the State forces lost 31 men serious. It might be as well. to killed and wounded. Here perhaps point out that it can become ex-may be found another example tremely serious before Govern-of the superior methods of our ment can become aware of it if own democratic system. Among tenants meekly and mild accept us too compulsory education has fresh impositions. There is the been unpopular at times, but Jobvious further point, too, grown-up people, at least, have that a rent increase the effect of found more moderate ways of which might be extremely seri-showing their feelings. ous to an individual, might not Grant Duff used to tell a story be regarded as a problem serious in proof, alleging that the thing enough to be dealt with officially, happened in the West Country even if repeated in a score or where a territorial magnate of ten score instances. In the or-considerable position and Radical dinary way the victims would opinions" was asked to receive a refuse to accept the higher rate deputation from his tenantry. It and move to other quarters. To-appeared that they wished to day, that becomes well-nigh im-know from him how they ought possible for most, partly because to vote in an approaching elec of the influx of refugees from tion, a request which scandalised Canton and partly because the him a good deal. He proceeded rents demanded for premises to give them a little lecture c which have long been vacant are their duty to form their opinions greatly in excess of the values at without reference to other peo which they were assessed a ple, and then had curiosity enough month ago.
to ask them what their opinions Food prices, too, are worthy of were on current politics. They re- the closest attention by Govern-plied that the ment.
not thank
Colony
re has bee
Gold, Changes Values
article
involving
the
AVERIT first