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KEATING'S
CLE NAW FRENCE LADI
THE HONG KONG DAILY PRESS, FRIDAY, JANUARY 6th, 1928.
NEW REPARATIONS DILEMMA.
£125,000,000 DUE FROM GERMANY NEXT YEAR.
THE BRITISH PROBLEM.
PAYMENTS THAT MAY BE A BLOW TO INDUSTRY.
Experts of all countries recognise that & financial crisis, - which will closely affect the British taxpayer and British indus try, is approaching in Germany.
The Dawes Scheme of reparations, payments wis devised to mrmount a difficult peried. So far the scale of graduated pay- ments bas bera, mot. But next year the amount will leap to £123,000,000, of which Great Britain is to receive £27,500,000-the equivalent of sjd. on the income tax.
↑
Can Germany find this vast sumt
If it is paid in marks will her Budget collapse, with an ne- companying effect on her currancy ↑
Must her creditors, in order to obtain it, assist her exports 7 Will the result be a further blow at British industry and the increase of unemployment?
These questions are perplexing the world's statesmen, financiers, and industrialista. Many of them predict that Ger- many will never pay even 30 per cent of the Dawes Scheme total.
REAL TEST
Next year's events will mark the third stage of the reparations pro- blema.
J
Om April 28th, 1921, the Repára- tions Commission fixed the pre
minary sum which Germany must
TO COME.
t
||
"Tocent developments in "public ficanes," he stated, "do not ap- pear to be in the interests either of German economie life or of the execution of the experts'
to
BRITISH WAR FILMS.[]
TERMS OF OFFICIAL HELP.
THE FINANCIAL ARRANGE. MENTS...
LONDON, Dec. 7th.
In the House, of Commons yester. day the Prime Minister said 'it was the policy of the Admiralty, the Army Council, and the Air Coun- cil to give the loan of personnal and material to approved British 5lms, provided that certain condi tions were observed..
Subject to experience, it had been arranged that the Admiralty and Air Ministry appropriated halt of the profit payable by the company, the other half to be ap plied to their sports funds, but no payment was to be made to the personnel engaged. In the case of the War Otice, the whole am re- ceived from the company, was up- propriated in aid of Army votes, but it was stipulated that the persi sonnel taking part should in addi-; tion be paid by the company the current civilian rate when cix- oumstances justified it.
xt
MR. BALDWIN'S STATEMENT.
Question Of Pay For Personnai. Lien-Commander Kenworthy (Lab-Soc., Hull, Central) asked the Prime Minister what was the present tenderuits are an If policy of his Majesty's Government in giving assistance, with officers pay to the Allies at, 132, milliard continue unchecked, the CONDE- and other ranks of the fighting gold marks that is, a tride over quence is almost certain to be forces and the loan and use, u 16,000,000,000. This astronomical, serious economie reaction and de-ships and materials, to film com- figure excited the derision of ecompression and a severe shock to Ger panies engaged in making นวม mic experts, but remained a fatal man credit at home and abroad." filma: what payment was made to obstuele to the recovery of Europe
If the German Budget capsized, the Treasury for such services and for three years.
the whole Dawes Scheme would col. assistance; and whether any benefit lapse.
accrued to the officers and other ranks engaged.
They were years of bitter wrang- ling among the Allies. of adven. tures in the Rufir, of despairing dehance in Germany, but they also witnessed the slow education 6 public opinion and the gradual calming of war passion. In 1924 the voices of the experts proclaim ing the Dawes Scheme rose above the tumult, and peace began to brood over the stormy waters of the reparations question. This ended the first stage.
|
❘
The second difficulty is usually referred to as the transfer problem. In the near future Germany will begin to place large sums in marks to the credit of the Allies. How are these to be transferred into Allied currencies without upsetting the German exchange, the stability of wfrich me one of the main pillars of the Dawes Scheme?
There are no historical· Pre- cedents for the international trans- Gratitude for the appearance of fer of these great sums. It is an peace prevented too close inquiry ¦ neonoinic inct, which can only be uto the likelihood of its per, temporarily and perilously ignor manence, and few realised that theed, that a State can only export wecond stage would end in 1928, or that the passage into the third stage might be perilous.
wealth for which it is to receive no material value by sending to other countries the surplus of 'ts production in services and goĉda, after it has pret its own internal requirements.
Normal Year Payment. The Dawes Scheme, whose supreme merit was that is declared
Gerniany must export goods to a decree nisi between reparations obtain foreign exchange with which and politics, and joined reparn to pay for her essential imports; tions in decent matrimony to
otherwise hur, industry and her "economie facts, laid down that in shifty to meet the Dawes Schone a normal year Germany must all come to an end. When she pay from four specified sourdes the has paid for her imports she must sum of 2.500 malken gold marks, then export further goods, or pro- or £125,000,000. It also arranged vide services, in order to earn a -and it was largely due to the
further 3 of foreign exchange lack of some stich arrangement that the German exchange had which it permit £125,000,000 to collapsed between 1921 and 1923 rangferred to the Alles that Germany would pay her 'oi: nities to the Allies in marks, and that it was to be the task of they Allies to transfer these suma from Germany to "the various creditor States.
! Crucial Point.
But-and here is the crux of the transfer problem-what is going to be the effect on the industrial mar kety of the world when German exports of goods and services reach
Mr. Baldwin (Prime Minister): Admiralty, the Army Council, and It is the policy of the Board of the Air Council to give assistancy by way of loan of personnel and material to approved British 6m companies engaged in making war fiims, provided that:
The method of production is entirely approved by the De- partment,
2.-Nothing reret is divulged. 3.-Films are submitted uncons ditionally to censorship.
4. They involve no andu in. terference with the normal duties. of the personnel,
-Any additional expenditure incurred by the Department is repaid by the company
reasonable charge" made to the company for facili- ties granted to them in the form of a fee or percentage of profits. The following financial arrangu ments have been made with the ap proval of the Treasury provisional
y, and subject to review hereafter
the fight of experience: The Admiralty and the Air Ministr
rpropriate nne half of the profits payable by the company in aid of respective votes, the oth>" balf being paid to the Departmen- tal sports funds, but no payment Naval or Air Force personnel co :s made by the company to the gaged. The practice of the War Department is different. Any aum received from the company is up
votes, but the Army Council stip late that the personnel taking parti Her creditors are likely to be in in the production shall, in addi quandary, In order to enable tion, be paid by the company at
current divikan rates when circum the transters to be made they must chesarage and help German indus-sances justify them. try to export But these saine
Kenworthy creditors also live by exporting the proceeds of their own industry.
So far al has gone well, but the great dimensions which will be ropriated in aid of the Army
the real test has yet to geme, "for it is not until next year that Ger- many begins to pay the £125,000,000 of a normal year. This will be the end of the second and the begin
ing of the third stage of the re- parations question.
There are, breakers ahead. Two principal difficulties present them selves.
necessary.
Germany, in order to re-establish her economic life and war repara-rival!
STAR THEATRE
THEATRE, has borrowed. abroad on an
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extensive scale. The most recent authoritative estimate places her foroign
indebtedness at £500,000,000,
Has she endangered the stability of his Budget ↑
"Close To The Wind."
Must they, in order to obtain re parations, stimulate and succour their most dangerous commercial Is unemployment in the British heavy industries to increase because Germany must be aided to export steel at competitive prices in order to earn reparations?
blen cannot be solved without re It is almost certain that the pro. frence to the wider problem of inter-Aied debts. On the other hand, all partics are agreed that it must on no account be allowed
Many German authorities con- sider that she is sailing very close to the wind. Mr. S. Parker Gil-to slip back into the political bert, the Allied Agent General for cauldron from which it has been. for that Reparations, has recently issued a painfully extracted, lengthy and weighty warming t might deal a deadly blow to the the German Government regarding economic health of Europe.-Daily the dangers of over borrowing.
Expres.
DOCTOR WHO LET MAN DIE.
"THE BEST THING."
LIFE WOULD HAVE BEEN MISERY.
Remarkable evidence was given by a doctor at an inquent at Bhef- field on John Robinson, a master asphalter, of Brinsworth-street, Attercliffe, whom he had been at trading
for chronic dropsy. Robinson's housekeeper said that she gave him a sleeping draught, and later found him apparently asleep in bed. As his condition did not improve she telephoned for the doctor. A drawer in the room had beca tampered with
Dr. A. T. Simpson said that when he called at the house he found Robinson Suffering from
Lirut. Commander
In the case of the naval personne
are the duties at the full option of the officers and men concerned. and is the right hon. gentleman' aware that many officers and mor object to the navy, being used in this way 1
M
Mr. Baldwin: Perhaps the hon. gentleman will put any question relating to a particular service to the Minister representing that ser
vice.
Mr. Hore-Belisha (L.. Devon port): How much money has n crued to the Treasury from this source?
Mr. Baldwin: I should require notice of that.
PEER WHO HATES BETTING.
"BOOKMAKERS MAKING
MILLIONS.”.
us as a flood
A FAMOUS stage comedian in the sparkling screen version of a play that ran for three years in New York
CLARA BOW BILLIE DOVE
LAWRENCE GRAY
FRANK TUTTLE
EDDIE CANTOR
Іп
KID BOOTS
Produced by
FLORENZ ZIEGFELD
with
A Bevy of BeautiesTM
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RUDOLPH VALENTINO
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TO-DAY AND TO-MORROW Interpreter 230 & 7.15.
TO-DAY AND TO-MORROW
Continuous 2.30 to 11.15 p.m..
For Miles and Miles SOCONY GASOLINE
MEN DO NOT SEEK BEAUTY that they do not lead him.
A FASCINATOR WITH CHAM- PAGNE BOTTLE LEGS.
Most of the beauty attributed to: the famous women of history is purely legendary, Mary Queen of Scots was not lovely. Cleopatra was no dark, flashing-eyed siren : she was a slim, blue-eyed little. thing.
One of the most fascinating wo mer. I have ever met was stout, bad a bað skín and legs like cham-
pagne bottles; yet men simply fell
her tooka.
laudanum poisoning. He was con vinced that the best thing to do
[BY LADY KITTY VINCENT.] wns to let the man die, and 'death Local Maclay, who was Shipping Controller 1916-1921, presiding in occurred three hours later.
"have | Glasgow yesterday at a conferenc could," be said,
Since the beginning of time wo- the done nothing t to save maz, as on gambling, arranged by the Scot
men have frequented beauty estab the tish Churches Committee, said gaaishments and sought eagerly for it was impossible to get haudanum out of his stomach nod, bling and betting today were upon strange lotions and ointments. down and worshipped her. No one even then, I would have hesitated to try and bring him wilfully back In almost every workshop where Eve, in the early days of the great knows what causes & woman to at- to life as, if he had lived, his life there was a minimum of 20 m Empire of Crate se rend of the tract men, but it is certainly not
various aids to beauty employed would have only been, a misery. there was either a bookmaker or a
It is true that knowing she The Corone Is that what you bout Betting and gambling had by the women of the day. really think-Yes, I have thought increased our crime records. Book Yet why Beauty has never yet lovely may give a woman confidence this case over very seriously, and makers and, their touts were mak helped a woman to gain her ends herself which will increase her have come to the conclusion that ing millions of money in immoral or to enjoy her life one fraction magaction. But it cannot give her that strange elusive charm which many other doctors in the city will trading
more. I have talked to many men agree with me.
Beferring to greyhound racing on the subject, and they all agree is a gift of the gods. The only he said the country could not that a lovely face means nothing thing I have ever heard a man afford to go on much longer with to them. It is just that odd, in comment on was a woman's teeth, which has and in this case they were quite this. It was becoming too serious definable
something "If, we license bookmakers," he de nothing to do with beauty. In the dazzling. In the majority of cases
there As
man may admire a slim she might as well put away, her abstract
Either we should not license burglars ?^^ pair of ankles or a wonderful dan. dreams and her lotions.
It was resolved to form a Beat He may even notice and be impress-she was blessed by the gods at birth thetish National League against beted by them when he meets them and given the power to charm or
in the street. But further than ting and gamblin
Dr. Carter, the police surgeon, expressed the opinion that death was due to natural causes, chiefly dropsy but Dr. Simpson, recalled, adhered to his view that the cause cared, was laudanum poisoning. 2%
The corner adjourned, the' in- quest for the contents of stomach to be analysed.
AnyTenson