CHINA
30, 1937
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The China Mail
Long.
m: Street, Telephone 23022.
London Office:
fairly obvious that political ad- stments and even, if such a thing were possible, a wide change of front in his dealings
7, Garrick Street, London, WC2with the business interests will
Notice To Contributors.
mot necessarily for insertion bat uz a guarantee of good faith.
Subscription Rates.
not now suffice to revive indus- The measures
All communications intended for trial activity. publication should be addressed to must go deeper and be carried the Editor, and be accompanied by out on a wide front. The most the Writer's Name „Address, discussed immediate contribution was the attempt to stimulate the and construction industry, through it industry generally, by a great housing campaign. The example of Great Britain in the early stages of recovery was much canvassed but Congress adjourned doing nothing about
One Year
6. Months
3 Months
..... HK$360I HK$18.00 TEKS 9.08
Postare Abroad Extra
Hong Kong, Thursday, Dec. 30, 1937 it. Again, although his sudden
STOCK MARKET
SLUMP
cutting off of relief and public works probably helped to pre cipitate the business decline, the President can hardly refuse fresh efforts to "prime the pump. As
The American stock market he said in his last. Message. has fallen into a despondent viously Government cannot let nature its course without mood and London, with excellent
consequences. If pri-
reason, watches anxiously the regardak
course of American sentimentate enterprise does not res- The reason given for the latest pond, Government must take up MRS. BETEN'S BEAUTY SALOON slump is the anti-monopolistic the slack But the puzzle is hus, in face of demoralised markets- tendency of the administration as expressed in the speech of the and disheartened capitalists, a Assistant Attorney General, who programme involving higher lab- accused the big combines of our costs (through higher wages and shorter hours) can be main- "pricing themselves into, al
tained and expanded. The Ameri- slump. Deeper down, however, can situation remains an enigma, in the causes for disquiet is the
THE KAILAN MINING ADMINISTRATION.
HOUSEHOLD COAL
Revised prices effective from 1st November, 1937, price per metric ton delivered, as follows:-
PEAK DISTRICT
$30.00
BOWEN ROAD & LOWER LEVELS $28.00 KOWLOON.
REPULSE BAY
POKFULUM
SHEK-O & STANLEY
$27.00
$31.00 $30.00 $31.00
Clients are hereby informed that deliveries of Household Coal can only be made if cheque cash for the supply is sent with the order.
DODWELL & CO., LTD., Agents.
LATEST POPULAR SUCCESSES
ON
PATHE RECORDS
BC20049 PECKIN" ·
JUST LATELY
growing evidence that, whatever and, "miner recession" or not, a the origin, there is a reality in desperately serious one. the economic recession in the
*
*
United States. Aid from Pre-A Newspaper Article
sident Roosevelt has been looked
for, but though the administra- More will doubtless be heard tion is prepared to go to con of Mr. Pethick-Lawrence's com siderable lengths towards meetplant in the House of Commons ing the situation, Mr. Roosevelt about Sir Kingsley Wood's article is not disposed lightly to throw in a London morning paper. In over his programme for the sake the evening Sir Kingsley moved of. reassuring Wall Street and the second reading of his Popu the industrialist even if a poli-lation (Statistics) Bill. In the ortical gesture could work the morning a London paper had miracle. Congress, given oppor-published an article on the bill tunity to aid, completed its spe- by Sir Kingsley which amount- cial session without passing the ed, as Mr. Pethick Lawrence Bill authorising the housing pro said, to a second-reading speech gramme, which promised to pro-for the bill vide a business stimulant.
It was one of Mr. Pethick- The statement by General Lawrence's complaints that the Motors and the report on the Minister's article evaded objec low level of steel production tions to the bill in a way that a show that the business reces- second-reading speech before a sion," as it is now the fashion critical assembly like the House to call it, has now reached the of Commons could not. But he point in the United States of only hinted at a deeper sense of sharply increased unemployment grievance that is felt against and short-time working. Busin-a Minister using any newspaper ess activity began to decline in in this way to expound and de the summer, and the falling off fend a measure he is just about has continued without interrupto introduce in the House of tion for more than four months.Commons. The Minister's res- The psychological consequences ponsibility, it is objected, is at least are now being felt in expound and defend his bill to Britain, and we have seen the Parliament, not to the readers of carious spectacle of a London a particular morning newspa newspaper telling Mr. Roosevelt to mend his ways and make friends with the business in- A Questionable Practice terests because, if he does not,
Bing Crosby Jimmy Dorsey and Orch. BC20047-HOLOHOLO KAA .......... Ray Kinney and Harmony Hawaiians,
LOVELY NIGHT BLOOMING GEREUS. BC20043—ON THE TRAIL WHERE THE SUN HANGS LOW
ACROSS THE GREAT DIVIDE. BC20048-WHAT MORE CAN I SAY AFTER ALOHA.
HAWAII CALLS.
Ray Kinney and BC20045 YOU CAN'T RUN AWAY FROM LOVE
-SONG OF THE MARINES.
BC20046—1 KNOW NOW
CAUSE THE BABY SAYS ITS SO.
BC20040–A KISS IN THE DARK
THE SIRENS SONG.
BC20044––AT NIGHT BY THE OCEAN
MINNEHAHA.
BC20041 CAUSE MY BAGY SAYS ITS SO
I LIVE AGAIN.
The Street Singer.
Harmony Hawaiians. Dick Powell Dick Powell.
Jan Garber and Orch. Andy Iona And His Islanders
Victor Young And Orch
THE ANDERSON MUSIC CO., LTD.
Phone 21322.
BAGGAGE
Telephone
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to Engage sur Service.
Ice House St.
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CHINA PROVIDENT LOAN & MORTGAGE CO LTD.
a trade agreement might not be Lord Baldwin put a stop to much use. It is obviously true the journalistic and liter that if a serious depression does activities of Mr. Winston Chur- take place in the United States chill and Lord Birkenhead when the value of the mutual conces- they were în office, though their sions will be greatly reduced writing was on themes more re But that is the least of the mote than a hill just matter, because long before any fore Parliament. It is agreement could be negotiated the least likely that Mr. Britain would be feeling acutely berlam mil
the direct effects of the Ameri-eyen more. can
collapse. England cannot of a Mu pass unscathed, even if there isļected an acceleration of the armaments ticular
rogramme. What Roosevelt does
to try and stem the tide is, there- fore of acute
all
parts of the world, although no the advice from
is hikely to the co
nation