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“THE CRIMĂ MAIL, FRIDAY, OCnpaar 15, 1949
AFTER DEVALUATION
"WINDRUSH.
preventing a rise in the costs of industry which will cancel · Out. all the advantage to “exports from devaluation.
The bitter truth.
port
according to a news agency
from Cantor yesterday, The main body of the National- highly paid workers ists went West," mas object that they cannot afford forego the differential between
their wages and the
The recent debate on. Bevalua- tion in the House of Coptimoas pleased hardly anybody at all. The Government did not reveni what additional measures it " found Production cannot be, as a result of devaluation the east There have been two meetings. tended" to take besides devalua- very greatly increased over the for living will not be raised by more between Sir Stafford Cripps and tion,
This
is the most alarming short term
than one point. The opposition the trade"
leaders feature of the crisis.
"Mearly"there must be a great | accuseg the government trade unions are still non-com- Everybody is agreed that de-switch-over of exports from knowing that the rise will be mittal, The Government would
markets to valuation by itself, if not accom- Eastern
Westera much greater and of knowing not object to a rise in wages of Editor in Chief
24154panied by other measures, wii de markets. This is going to cave that it must be large if devalua- the lowests paid workers.But
very awkward transitional tion is to have the purpose in the more Reporters & General Office 32312 a good deal worse than useless a
The pound will have been-de- period. To some extent, increas-tended in increasing British es (four lines)
valued without
exports ed exports must be at the expense ports. over the long period having been of diminished domestic consump- increased.
tion Sir Stafford Cripps has HK$36.00
sala several times that he is highly satisfied with the Washington talks, and he believes that our problems can now be solved, But he has revealed absolutely nothing which justifies this op timism.
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FUTURE OF MILLIONS
Our
Trade Unions
+
Superlative news from
"The station at Carton how- ever, was much worst
mem-
wages of the unskilled. Thus an most prolific contemporarý "Over the debate in the House.
trend upward
raight start af Commons hang the shadow of
through
the
entire industrial the general cloction. Until the At the moment the Govern- election is over, both sides are ment is probably less concerned The dissatisfaction arc the "After dinner, Mr. - Şürveyed unwilling to reveal the measures about what the opposition thinks vagueness of the Governments the work of the past month. which they would adopt to deal than about what the trade unions policy has increased sharply stice following which tight with the crisis. Neither party | think, If the trade unions re- the debate. In the intuential : bers were welcomed. dares to admit that the standard fuse to agree to treeze wage political magazines, the Govern- The great danger of devalua-of-living must be lowered
rates for the time being, then ment recently had had one of its tion is that it will be followed
The Goverment has said that there will be no possibility of worst week-ends by Indation. Sir Stafford has admit- ted the failure of the disinflation- Ary measures he has put into force in the past few months. But he has not announced any new and more effective measures, Second thoughts after devalua- son are suggesting all kinds of problems which were at first overlooked.
The Crisis Continues
since it took office. The `“Economist" "SKU" "Never has Sir Stafford. Cripps or clearly what expounded more peeded to be done: and,'never has
44 METRE MM the refused more firmly to play
By "WINDRUSH”
sensitive
any part in bringing it about Socialists above all her people believe that the national economy of can be made to respond. to goy-
Trade
Sickle.
Marx: Hammer and
Yes indeed.
The appeal by the authorities to all users of the road in the fight against unnecessary human life, ought to find a hearty response."
Will China, troubled and wasted for decades by ruinous wars, have any chance under Communist rule of peace and its concomitant prosperity? Flushed with military victory tenfold says Mr. Gaitske)— | Stafford Cripps has made a Policies if they had taken clear) creasing urgency, and refuse to nothing has happened, and all is.
and the annexation of vast territory, the new rulers of the country will soon, despite, all attempts at suppressing news, have to face the reality of actual administration under the close scrutiny of the out- side world.
A month has passed since most electicnally If the demand for the devaluation debate
in ministers would be content to emmental policy. Why do they Don't you adore these splash British exports in the dollar area is to be so
Governmentery havoc in terms of ever-in-steries from Canton saying that. present the House of Commons. Sir cling to greatly increased
where are goods for expert to be
COTTON IS HIS PREY
By MARGARET GILRUTH
speech at the Mansion House.mediately ahead
of the dangers im- do anything about it? The answer quiet?
of
Dangerous Point
The increase in the Prožis Taxi
The "Spectator" says "What should have been the Occasion
says
•
Brief cases, writes a possibly embittered correspondent, are carried by lawyers who hope the one they're working on wen't be.
.
•
也
ine was a mere ineffective gesture! quences of devaluatint ↑ Smithing on-Smy tee? She came
the
try of Agriculture" agreed that before the pabite announcement
as 'The Old Thatched
He's a musician, and you know Han | what musicians are.
Straight from one bar to the
is of course that pleasant ac- The union of telephone-based reporters and forward-looking Almost everything that has "The only policy that will in- tions cannot be undertaken on
British consular officials is just happened since the Washing-crease our dollar earnings is re- the eve of an election matin, ton talks has increased ra- trenchment in spending at home. The increase in the profits tax too vividly revealing don't you ther than
As long as that is lacking we shall it describes as a blind vindictive think? lessened the an-
go on moving quickly to bank-swipe--a means of buying off the xiety in London.
ruptcy."
trade unions for no more than a Protests have come from the
week or two, countries of Western Europe It is doubtful if Mao's stir-
about the failure of Sir Stafford ring promises were ever
Cripps to inform them in time
the decision to
The crisis has reached the stage for a united national effort has devalue meant to be implemented, ex-
India has joined in these protests. Where bankruptcy, with all the been turned into an open political the Government
"Large room overlooking rice cept in such cases as the ex-
Speaking in the Indian Parlia conséquences described by the quarrel, with
vote of confidence course, suitable for man and wife "Manchester Guardian will be asking for a propriation of wealthy es-
ment, Dr. Matthai the Finance tates, which are intended as
Minister said that at the recent upon us fairis early next year. and at the same time behaving or stenographer.
that vote can- This is the story of what may conference soon as possible to become the well be termed the world's cost- Finance
of Commonwealth unless the country is willing to in such a manner that Ministers it had beet of living
accept a reduction in its standard not possibly be given."
rime property of the "People" as a liest worm. It has caused 40 understood that they were pre-
and
Remember, Johri, it was at a Tide"
*Toere is government entity, not the million sterling damage to Egsat's paring the brief-for Sir Stafford the trade unions and the labour ment, compelled to devalue by to me. You were bold that day." It is impossible to think that every indication that the Govern cricket match that you proposed "people" as individuals.
fine new cotton crop and it has for the Washington talks.
"No, my dear caught.......' needs little underlining that the Government and landowners agent for all the sterling a very considerable increase in of having the
tnet yet been checked for althoum Stafford was to be the managing movement will not bow to the in- the iron logie of events, has not evitable. But they will demand never has had and shows no sign the millions of underprivileg- are mobilising all their resources The brief contained (nothing|2.
faintest idea of
Said Myrtle at the fancy dress ed living around the starva- to fight the menace, this persistent about devaluation. Devaluation the taxation of the rich.
what are likely to be conse ball; "I't it upsetting for Mrs. not ever discussed at tion level are not going to little worm continues to ribble was and step suddenly into any para-Egypt's mildest summer on re-
destroy and thrive during the conference. In asreeing
The attack on the compared with what will be de- by the apposition is now being skirts and all-and they award- asa Hawaiian beauty, with gress devalue at Washington dise of ease and plenty. cord.
manded. Organised labour will Sir Stafford, said Dr. Mat-
reinforced by complaints from The agrarian economy of At the end of the first 10 days thai
had gone far beyond his require that, if its standard of cin China is deeply rooted in of September, experts in the agri- He had not intermot his fiting is to fall, there should the governments of the continent: ed her first prize in the humorous
real austerity for the well-to-do. Thes
These claim that they were never section tradition and practice, and it cultural backs and at the Minis- Indian Cabinet until 48 hours What a Labour member of par
parlia property consulted by the British Cottage." will not be easy without 15% to 30% of the Delta's long But America had been informed Grosvenor standard of lize" would Some British members of parlia ment called the "Dorchester and Government before devaluation. courting disaster to make the staple (Kamak) cotton could be a fortnight in advance.
be a red rag to a people whose ment are arguing that in this the Imany improvements that are considered
as lost The position
pay-packets were being cut government acted not only un obviously vitally necessary if will probably deteriorate; 4112 New Measures If taxation is increased much wisely but also that it broke it's next. the ever-increasing popula-worm is having an excellent and
further, the incentive to private contracts under the international length innings because the cotton tion is not to meet disaster in erop here in Egypt is about 30 still not
The Labour Government has enterprise may
finally
be eli-monetary agreements of 1945 and based on long experience. disclosed what view of the insufficient pro- days late in being picked,
newminated. The state would then "1947. duction of basic foodstuffs. fact
The suspicion on the continent attributable to the incredibly measures it plans to take beyond be compelled to extend its activi-
The secret of ageing gracefully It ties further than is at present has sharpened that the British is freedom from worse, advises a te to the incredibly increasing the Profits Tax. While it is known that cool summer."
In the provinces thousands of intiation,
has woken up to the danger of contemplated.
Government is not at all beauty expert. agrarian reformers are active!
but it does not explain The chain of events may be carnest in its backing of European" | in the new republic, it is be peasants are being ruined; the big what it is going to do about it different if it is the Conservatives, unity and the Strasbourg Parilar we need now is the secret
and
wealthy landowners can, of lieved that the current de course, support the heavy finan- economies. But it has announced eral election, whenever this comes.
of freedom from worry. It agrees that there must be not Labour, which win the gen- ment,
The devaluation crisis is the correspondent writes, propos mand for industrialisation is
cial
losses entailed although in at once that none of the really Up to the present there has been culmination of the long-term likely to be given first prior- some areas 80-85% of their crop expensive things social services, curiously little speculation in the economic crisis which has been comment yesterday, that he
is ity, however unwise this may
ont. wiped
would say in Austrian politics, At Alexandria, one of the ed. be With their eyes turned world's
After saying that devalua- f in case of a Conservative ven; developing throughout the Labour fortune is Figl
victory-Party's tenure of office. Whether great cotton centres, tion will hardly affect the cost A Conservative to Russia, the Chinese Com- manipulators have been having a of hying, it is now saying that even if returned by a large ma- or next year, it is certain now Government, the general election is held now. munists forget the many dif- merry time in the Futures Mar- it will affect it very considera-jority, might run into great dif- ferences that exist between ket. As soon as news of the cat bly.
ficulty if it tried to reduce living that it will be fought, not on their own country and the the Delta reachet Alexandria, the valuable
ton worm's march across crops in Everybody agrees that all the standards. During the great coal particular issues, but on the efforts of devaluation crisis early in 1947 the coal miners question of socialism in, its broad- USSR, an enormous and market was infenced, specula- would be cancelled out if there saw that they could at any time est sense. thinly-populated land mass
were a general rise of wages. bring the entire British industry The present government has with huge stretches of fertile to sour.
tors got busy, and prices beg The Government has appealed to to a standstill. A Conservative / been very loyal to certain basic
trade At August 1, when prospects the farmiland, iron, coal, oil and looked fairly, good, the price wage freeze" But by an order auste policy to deal with Britain's that the difficulties in Great Bri inions to accept a Goverment might have an ade- principles. Its supporters claim almost every other raw quoted for the new crop long to pad the rise in the cast of financial crisis. But if Labour tain are due, not to the follow- material necessary for the staple was 55.50. At August living to the poorest paid work was bent on opposing it, the Con- ing of these principles, but to the building of a modern nation. 30, when the news was bad, the ers, it has suggested that there servatives could never carry their circumstances of the time. The
Not that Russia has achiev-price rose to 69.05, and to 74 on should be an increase in the policy through.
opposition claims the exact op ed so much from a Western the black market. A day of sour wage.
or so lowest wages up to a national
posite. The electorate has to de- later It fell to 63, but at Septem- point of view, but it looks ber 10tian Government re- thus have to accept a diminution
cide which is right. Better paid workers would 10 it had scared to 67.50.
defence services--will be touch-press about what would
ploited in practice; will be states of 25,000 hales are about to about the t at all enthusias
the
CATHOLIC #CHURCH
IN CHINA
Mr. Churchill's speech in the debate has been much criticised. But it did lit the debate above technical questions to the largest issues of policy. The dollar crisis and the threat of the atom bomb in Mr. Churchill's view the one cannot be considered without the ather-Great Britain today is a strange spectacie.
A
part of its people are bent
good from Peiping.
So the working class, deified cently decided to annex 18,180 in the gap between their wages in theory and brutally ex-
bales a
Trade against payment in hard and the minimum wage. currency.
Sales to the United Unions, are
proposal They are used to conquer the difficult- take place at the very low price suspicious of any move by the ies ahead What past re-of
of 50 dollars per kantar this government to interfere in the..
union for higher Vatican City, October 13. gimes, hand in glove with the from the Government stocks and fight of each
Disguised as pedlars, merchants wicked foreigner, could not the agreeable price can be attri- was feeling is growing that and tradesmen, Catholic priests
anted to Egypt's grare shortage achieve, the glorious new of dollars.
general election must be held have gone underground in Cor People's Republic intends to This year, before it was appar- as early as possible. Before the mimist occupied China in efforts on maintaining their standard of do, at no matter what cost to eat the Crop would be decimated election
the
on their Ministry, it was living and are deaf to all talks government dareto
the measures reported in Vatican City today, of the need for national sacrifices. the yan man
by test of
the worm and delayed by the not announce
which are necessary but which Hong Kong reports to the Office Another part s desperately summers, Egypt was cannot fail to be unpopular of Propaganda Fide Vatan anxious to maintain Britain's satisfactory orders for
On October 5 both the "lines" Congregation that supervises mis-, place in the world. The Gov- "Manchester" Guardian' sionary work say that missian-ernment wishes to achieve both tomers abroad to explain
to to Egypt it 'seems inevitable that even counts: Pakistan has steed to the crisis which were very des culties and restrictions; especially how it means to do so, the most fanatic propagandists take a large quantity of yarn as pondent.“
There can be no doubt that
there is much misery ahead, and old
ber
and
No Remedy
are in for serious disillusion- much of her cotton areas are now ment in the next few years in the hands of Hindus. – If the Despite some grandiose price is resonable, Italy will order claims, there is little evidence and pay in sterling Czechoslo The Times said: "Devaluation Dypt's cotton; she is no remedy, it is merely a step PEYE 17
that China 'possesses minerals WAISVAINE, OF, In Syn*-- which may make
easter to
in provincial towns and country
areas.
There is toleration in Peiping
and. Tientsin, "but outside these cifies the reports said, "there is little or no religious freedom"
Priests and acolytes have in and sources of power in ments for Egants army, which is adopt the right remedies
some instances been arrested and Sir sufficient quantity, or in con- undergoing a modernising procals Stafford Cripps knows that the accused of "wasting time: One venient locations, to fit it Japan bays on the barter system country has been living beyond priest was forced to work in the for the tremendous task of canected on a fri basis or its means. But he still cannot fields for 15 days to take up s triangulang Dead shout what is to be done had "squandered." In outlying time that authorities claimed. be more than the debate re-time pipes arpond, It Is the task of his Majesty's Shanghai, the reports said, autho- - missions of the Archdiocese of these have the rises frequently restrict prayer on the ground that any time given of the chance if they
Press
can
L
one
industrialisation."
Further, judging by reports and textiles. Germany, Polan from Tientsin and Shanghai, Tugoslavia and Austria, all enthusiasts are not willing to the barter system, supplying prin
chemicals and
terkicsi
sters, who
make the development gra- spe's culents are regarding choose, or the successors to call to it is time wasted-Associated
first from
that a change might
dually. They deem it as the rise in prices with dismay for up a great and sustained on the treason that methods success they are becoming weary of a mar fully applied in Europe of key and often unpredictably of government
to dustuste non-party America cannot be used with equal benefit in China, where importers in Alemandria are out solve the crisis help to
Although ably canny,
PETAR SAManchester Guardian,” little-se conditions are often entirely curate information curable,
shipments in a leading article, called "Near different. Already their and deliveries Is Table, it is
is Bankruptcy Bud at The expen
PRINCESS ON HOUSING
handling of existing busi evident that if Egypt's cotton diture of the British gold reserve Princess Elizabeth, who got a
Bromley, October 13.
My new home becself:: four y months
Catastrophic. The pound
nesses, now nationalised, is crop is three walks o-mont in the quarter that has just ended giving rise for doubts, and late in reaching Alexandria there was the workers who were pro October which mava
will be a squeeze in deliveries in was devalued when we were near 50, urged England today to get
may affect the pro-
bankruptcy, And all the present on with its giant re-bousing job. evidence
Above all, she said, England mised so much are likely soon gramme of mile abroad been put off for no more than a must rebuild its churches
thất ban ruper Hai
Lew months
The Princess laid the founda- by the measures sotion of a new parish
sh church here! continue hostile. Britain Bankrupter for Britain would to replace the ancient one, des might be more willing to SUPT break urutant a large part of waiver Fertaini
mein that the sterling area would troyed by German
bild new houses and flats," she said, "but
to wonder why their real wages have not increased with
the liquidation of the exploit fing capitalists
disrupted:
It is believed in several ply technicians and instruc-world peace, would be taken would be altogether, wrong to quarters that Mao will even tors Once again the link will that British tually be forced to turn to the be Hong Kong It does not sharply send that in the resulting neglect the West for help. America is seen in the Communist-in-industrial disturbance the obvious choice for capital terest to have this broken for little chance of
beherry pie loans, but Washington may some time to com
hand
filent desumption
churches on ding, of our and that our material comfort is thore „It is important, than our spiritual
thel
ssociated Press.
Proverbs are short
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