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The China Mail Ninety-Third Year of
Telephone 20022
1988
finance has been discussed by leading economists lately, and as It is one that may have a vital bearing on the future of the
SA Wyndham Street, Hong Kong, country stimulation of public in- terest in the matter is desirable.
Disraeli's Ancestors
London Office:
7. Garrick Street, London, W.C.2,
Subscription Rates... 3. Months WAH.K.$. 9.00 6 Months
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Hong Kong, Saturday, Sept 3, 1938.
Mussolini's action exceeding the ambitions of his mentor and ordering all Jews out of Italy in six months, may recall “Dizzy's” account of the origins of his own family from the beginnings when there were two great colonies BUDGET PROBLEMS in Spain and in Sarmatia." He of the Jewish race in Europe-
Britain's Revenue returns issu, pointed out (in "Lord George ed weekly by the Treasury do Bentinck") that by the end of not as a rule serve as a reliable the fourteenth century “it was that guide to the ultimate Budget reported to Torquemada position, and the statement issu two-thirds of the nobility of ed this week is no exception, algon that is to say, of the though it does denote a new prietors of the land-were Jews. trend in recent week. When in
All those of the Spanish April the Chancellor of the Ex-Jews who did not conform after chequer framed his Budget for the fall of the Mohammedan 1938-39 his estimate allowed for kingdoms were expatriated by the a substantial increase in revenue, victorious Goths, and these re On that basis some increase in fugees were the main source of
Y
A. S. WATSON & CO., LTD. revenue for the first quarter the Italian Jews." He went
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have been expected. The on to claim that his grandfather, quarterly return far from indi-"who became an English denizen” cating that this had been achievin 1748, was descended from one ed, showed the yields from most of the merchant princes of of sources to be below those in the Venice, who in turn was descend- corresponding quarter last year. ed from one of the great Hebrew Since then, however, there has families exiled from Spain. Even been a steady improvement and the partial hand of the official receipts at £254,726,609 show an biographer drew attention to cer- increase on last year for the first tain gaps in this family history. time.
Actually his grandfather had The expenditure side of the ac- come from Cento, in Ferrara, not counts is obscure and rather diffi- from Venice; it seems possible cult to interpret. The Chancellor that he was of Levantine origin. made provision for charging The D'Israeli spelling for which fully £97,000,000 additional de "Dizzy" supplied a romantic ex- fence expenditure against the planation in Spanish history was Budget, while borrowing for this adopted only after his grand- purpose was increased substan father came to England. The tially. Over the period covered name was really Israeli, which by the accounts now issued the was quite common; the financial increase in total expenditure is importance of the family seems considerably less than the pro-to have been imaginary and the portion might have been expect first Disraeli in England was a ed to be absorbed. Under more young clerk in an Anglo-Italian normal conditions restriction of house. The one thing certain is expenditure would be a welcome that the Disraelis, or Israelis, or sign, but in prevailing circum- D'Israelis were Italian Jews, stances the curtailment does not
imply savings, but suggests that Crime Schools the rearmament programme may
be lagging behind schedule, es The discovery by the Cairo pecially as part of the increase in police the other day of a school expenditure was due to outlays for the tuition of pickpockets, on non-defence projects.
with fifteen boy pupils, will not
or
As in the case of revenue, it really surprise either police o would be injudicious to read too those interested in the growth of much into the expenditure fig crime. The Cairo school certain- ures. It is not until the third ly seems to have more resem- quarter of the financial year that blance to the ordinary scholastic the revenue statement can be establishment than most crime considered in close relationship colleges. We are told that Has- to the Budget. By that time san. Aly El Zayat, the head, held the armament programme will be courses at his house in which the more fully under way, with com- beat methods of pocket-picking mensurate expenditure, and it can were illustrated on the black- only be hoped that revenue will board: examinations were held be playing the part expected of and the best boys awarded sweets lit.
and tickets for the “flicks.” Prac-
If the returns do not throw tical work began after pupils had much light on the state of the passed the second examination. Exchequer they at least serve It sounds like Narkover in actual again to emphasise the magni- being.
tude of the burden that protec Instruction in that form of tion against possible war bas begging which involves impos- placed on the country. Heavy ex-ture on the part of the beggar penditure on defence and arma- is said to be available at Paris, ments has come to be accepted where the beggars' school is bet- as inevitable and a £1,000,000,000 ter than anything of the kind Budget as the price to be paid. east of Suez. Able professora may In the changing economic cir- be consulted on such matters as cumstances of the country a Bud- the correct carriage of a false persists may leg, the best recipes for a fever-
get of this as great alish eye or a yellow and starvéd well become menace as war itself. The pre-complexion, and the latest mam- sent budgeting system was never ner of simulating a compassion- designed to cope with present- arousing epilepsy. day demande, and there seems to sideration the profes be need for fuller investigation his pupil to a "pitch into alternative methods which him a practical demo might provide a way out of the how to draw tears- "dilemma. This aspect of national from the public.
con-
will take
give
tions