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THE CHINA MAIL, JUNE 6, 1989.
The China Mail Ninety-Fourth Year of Publication
3A Wyndham Street, Hong Kong.
Telephone 20022 London Office:
7, Garrick Street, London, W.C.2 Notice To Contributors.
the extreme slackness of present- day markets is a symptom of economic disorder. The stock market is basically a reflection of the state of mind of the business and investment world. Here the uncertainty as to the future is rampant and one need go no fur- ther than the stock market to prove it.
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All communications intended for The Painted People
publication should be addressed to the Editor, and be accompanied by the Writer's Name and Address, not necessarily for insertion but as a guarantee of good faith.
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Postage Abroad Extra
Hong Kong, Tuesday, June 6, 1939.
NAIVE
The Pict has never been much more than a name to the average Briton. He remains that chiefly because history has linked his name 'in a famous combination with the Scot; but, for the rest, the popular imagination has found him as difficult to dis- tinguish from his titular partner as was Tweedledum from Tweed- ledee.
Even to the historian the Picts have always been something of a mystery, and attempts to account for their entrance on the stage have led to much controversy. In addition their exit was drama- While Japanese propaganda is sometimes of a very high calibre,tic in its completeness, and, hen- Tokyo's propagandists, especially holding that, after their defeat by ce, legend' has been busy about it, those of good-will, are also ex-
Kenneth MacAlpin, the Picts had tremely naive at times. Es- pecially so is a certain Masanori til the day when, as
no peace from their enemies, un- Ito, who has written an article on
Stevenson saw it, "Sell Guan" in the Japanese ma- gazine "Nippon Hyoron."
father,
there on the cliff stood the
Last of the dwarfish men.
Mr. Ito, after describing in brief the visit of the U.S.S. As- toria with the ashes of the for- mer Ambassador to Washington, It "a big event in diplomatic rela-most of them became absorbed in is certain, however, that tions between Japan and the the surrounding Celtic popula- United States," says that Japan tion; while with regard to their should. "try to reciprocate this origin, the latest view appears courtesy of the United States."
And how is this to be done? tained in the introduction to the extremely convincing. It is con- Let Mr. Ito speak for himself: "I map of Scotland in the dark ages, take this opportunity to pro-published in Britain by the pose again that America sell Ordnance Survey. and
Japan buy the island of Guam." That is to say, America is to sell Guam as a ges- ture of good-will by Japan!
His idea is that while Guam will hold up Japan's defence scheme, America would not hope to defend the island in case of a war with Japan. Since, he says, "Japan will never be able to sit still" while the base is built up, there is the danger that work on it will start a Japanese-American war. Therefore, Japan's offer for America to sell her the island is really a gesture of good-will- says Mr. Ito.
*
*
Slack Days in Wall Street
*
This makes out a strong case who came from the Orkneys, and for the Picts as a ruling class
who gave their name to the tribes: they dominated. Their monu-- ments have also been put on the here, alas, the mystery still en- map in a more literal sense; but: dures.
now
easily find his way to the "sym-
The tourist -may bol stones," and wonder at their carvings; but that is all-for no read these last messages of the man, as yet, has been able to Painted People.
* **
Guide to Surnames
a
The British Broadcasting. Cor- poration recently published a handbook containing more than 2,000 "recommendations regar- Unemployment in Wall Street ding the pronunciation of some is not likely to stir much British family names and titles." sympathy but it is a significant This should prove a great help.to note in the new economy, just such announcers as are not the same.
Business in Wall initiated in the "airy tongues, Street is at such a low ebb that that syllable men's names"-to staffs in brokerage establish- such who, confronted by ments have been reduced and at Boehm-Boteler, a Cachemaille, a least one of the bigger firms in Puttephat, or a McEachran, must desperation has inaugurated an pronounce a verdict at sight that advertising campaign calculated in observing the letter of the law not to tout for business, but in a is liable to filch a good name from : dignified way to explain the the innocent. functions of the stock market... One's sympathy goes out to The difffensions of the new un- those whose accents are thus mis- employment are unknown save as construed, and who are thereby they may be assessed from the condemned to exist under an current record of selling and buy-alias: one imagines how, for ex- ing orders. Business is normal ample, a St. Leger who belongs in Wall Street when the number not to the staunchly phonetic of transactions a day amount to stock, but is, in fact, a "Sellin- two million shares. Experts say jer," must, though he be un- that when the shares bought or canonized, often be a martyr, to sold in a day number 1,200,000 popular ignorance. It is to be the brokerage establishments hoped, however, that the B, B. break even. At present the G.'s pamphlet will achieve a cir- average record is around 500,000. culation, and do something to re- Boiling markets such as were move this ignorance, thus enable witnessed in 1929 are symptoms ing many a bearer of an ancient of social aberration. Simu rly name to come into his own.