OUR SERIAL STOVY.
THE MOATED GRANGE.
CHAPTER XIX.
By KATHARINE TYNAN.
Author of "A Mind Marriage, The House
of Doom," "Dooys the Dreamer."
THE HONGKONG TELEGRAPH,
WORLD'S ECONOMIC
SITUATION.
H.MBURG CHAMBER OF.
COMMERCE REPORT,
WEDNESDAY, JANUARY 18, 1928.
STEEL MADE BY WIRELESS.
150 POUNDS MELTED IN AN HOUR.
A remarkable new process by: A specin Hamburg correspon. 'dent' has informed us that the which steel is made by..wireless annual meeting of Eln Ehrbarer was demonstrated at the Sheffield Kaufmann took place on Decem-works of Edgar Allen and Co., ber 31st, and that on this ocen Ltd., last month.
the metai.
sion-according "to custom-the Four hundred and fifty pounds Report of the Chamber of Com of steel were melted in an hour merce waя read. Owing to the cussed in it we love thought fitted into the furnace. The current important economic problems dis-trical current which was project by means of a high-frequency, elec
to print the following extracts:induced heat sufficient to melt
The fulfilment by Germany of the legal and financini, obliga- tions imposed upon her under the The electrical effects were simi- terms of the Versailles treatyny to those used in wireless in- which, according to the un-stallations. The walls of the animous views of all competent crucible served as a container: no critics, can only be fulfilled by a heat passed through, and the country whose productive capa wooden box containing the fur city is utilised to the fullest ex-sace was so eool that the hand tent and whose industries are could be placed on it. thoroughly rationalised is made tude of the creditor countries. dimcult by the ambiguous atti- which, by demanding reparations. rup high frequency furnace, is the This furnace, the Ajax North- force, Germany to extend her for first of its kind in the world to eign markets. whilst endeavourbe used for the manufacture of ing, on the other hand, to protect high quality tool steel. The ol their own nationals from the inevitable economic consequences crucible furnace, fired by coke or
strictions to trade.
First of its kind..
it was no use crying over spilt milk, and trotted along quite Anthony came to the breakfast cheerfully by Mrs. de Burgh's table with a clean morning face' side. and his hair sleek from the water. Far and near the snow showed Dash, who had listened to the dazzlingly bright in the sunshine: singing voice in the bathroom, bis in the shadows it was a cold deep head comically on one side, with, indigo by comparison. She was the Bap of the ear that alenenéuring the house
when she Just slightly turned hack, ran paused suddenly, seeing before with a joyous bark to meet the her. black upon the snow a queer young man as he came into the lure of a man. Gronch-was it breakfast-room, where there was Crunch? Could it be he? If it a cheerful fire and the bacon and
was Granch he sausages sizzles over the heaters altered from the man they had was strangely Mrs. de Burgh, holding out a found at their first coming. The greeting hand from where she sat figure shullled. There was some behind the teacups, remarked a thing about its shoulders black little sadly that Dash was always and shapeless, something that a man's dog, although he conlapped as he walked. It might be descended to her and Beata. an old coat fastened by a button
Caplain Napier had to be back across the chest, leaving the of their demand by endless re-jas, heid only G0lbs. of metal. lat Warley by hine o'eleck on th sleeves flapping. The figure had
Professer C. H. Desch, Pro- Sunday evening. Fortunately, the a queer resemblance, seen against
fessor of Metallurgy, Univeraity moon was full, and, if the frost the snow, to a. ragged, dilapidated) 'Germany's Unemployed.
of Sheffield, after the demonstra- lasted, the walk would be ag"eb-old crow. able. His suit-case was easily I was not possible ¦ could be
Nevertheless it appears that. tion, said the furnace provided a carried, he said, adding with a Crouch Cronch had obviously as far as Germany's productive means of making high-class steel laugh that he always travelled been going down hill of late, but economy is cancerned, there is an under strictly controlled condi light. He looked very goodly in he had hardly gone so fast that special cause for anxiety. Work ions without the slightes danser has been found for the greater of contamination by foreign gases his grey mufti, the girl thought, he could make such a scarecrow with the Hight on his sleek, slight of Himself. Where on earth had part of the number of unemploy or any thing of that kind. curling head and his laughing he sprung from? He had appeared (of whem there were as many
The heat consumption was ra eyes, just a little ghy, full wond so edenly: one moment she 1,800,000
markably Law, heenuse the heat her. It was aburi je think had been dazzled by the show to they had know each other for the point of seeing nothing, but went down by the end of August Wax yenerated exactly where such a litle time and had met in the silent, scintillating world, its to about 400,000. À° feature in i wanted, inside the metal and such a clame way: and he frees coated in rime. The next so humble and grateful Sir Cher the strange figure had been ther. I ment"in regard to the manufacto have every prospect of bein adeeplaner of him.
with the half-animal shambling ure of apparains used for pro- Certainly Anthony Napier's way to which she could hardly be quctive purses is the iron con- sumption which. from 1.169,009 with avonen wil to be comment. He by be Cronek's. ed. He looked at Mrs. de Burgh The figure disappeared in the tons in antiary rose to 1,561,000 tonk in August. The chief im- with such an air of homini when- steely shadow of the house, or was ever he hail occasion to address invisible to her. it musterials (about 30 to 80% of the ports are fundstuffs and raw ne- her. Bid asudly he locked at home. He had crossed the totals), and the chief exports! Beata as though held out help bridge over the moat and one nished articles (about 70 to 75 it, as though his eyes wore driwn into the courtyard.
of the totals). Seeing that. that way.
She stopped with a hand on "What are you going to do this Dash's head. She had had aoth the imports of raw materials morning? Mrs. de Burgh askedavid thought, Crouch must have and the exports of finished ar- as the say came in at the window
broken out seriously. Only the lieles show a slowly rising ten- and made a miniatury splash offuscation of auch drink would deny, the inference is permissible Kht in the silver teapot she was have explained his stratge appear. that the country is making con- handling "What du' you think?
Fer a moment, she wished siderable economic efforts. She looked at Anthony Napier, that Anthony Napier was at handing the six months from January who coloured a little while heat, after all, what was she afraid to June 1926-when the effects laughed. It was an endearing? She had the dog, and she of the economic crisis were still away he led to color easily.
had a conviction that Mrs. Cronch in evidence-the value of the ex-
hesitated.
ance.
The close of January 1927), which number
dicative of the economic improve-not outside. The process seem-' i
successful.
Dur-
"I was thinking," he began, and might be equal in an emergener ports in finished articles was 2,- to handling Cronch, and was 16045,000 reichsmarks, whereas the "Please go on." said Mrs. de depended upon if danger corresponding figure for 1927 is Burgh. "I warn you I am not menared her or Beata. He way a 4.317,000 reichsmarks. going to make any expeditions in this weather. They are for the labby man, and she was a big,
massively built woman.
1.
There
LETTER GOLF SOLUTION.
Here is the solution to the puzzle on another payê,
AIR FALL FOIL FOUL
Need for Capital.
young. I might walk n fille way had been something sinister about
Ecofomists at home and abroad to get my blood into circulation, that shandling figure. She was agree that Germany, for her re- And but
sald to be thoroughly just and was thinking," said the glad she had not come upon it in cuperation, needs capital, "I
own that the country's twilight or the dark,
savings young man, again with the in-
She recalled with aversion and reserves are not sufficient to fair, but when it proceeds to sug- it. Moreover, foreign gest the indiscriminate curtail- genuous blush, "that we might look for a church, if it is not to Beata's story of Cronch's cruelty supply. far off. I'm rather a slacker, as the cat, wondering what had financiers are willing to advancement of foreign loans, ils author the required capital to Germany, commits the mistake of applying a rule, aboal Church Parade, but, become of the wretched victim.
As though in answer she heard thus giving a clear proof of their principles that are applicable to just, because it is so nice to he
one which, though a pitiful mew close af hand, the confidence in Germany's economic country saturated with working here."
of Com. capital to
suffering from a great capital Mrs. de Burgh said afterwards small sound a cat minkes when it future. The Chamber that it was charming, adding, Just opens, its mouth and closes it morce is of the opinion that it
would be wrong to draw unduly shortage, is compelled to seek naively, that one did not expect again. too much church going from men, She looked about her, startlet.pessimistic conclusions from the economic expansion abroad. It nexion that Germany herself is and that it was sweet he should! There was no sign of a cat. On country's indebtedness, and from must be remembered in this con- have put it that way, as a thanks-one side lay the windmill, with its the fact that imports exceed ex-only responsible to a limited ex- rasted sails, the other the Temple ports very considerably, because tent for such shortage and such giving.
the relevant figures imply
need for economic expansion." She went with them when they with the coffin of little Thekla changes and adjustments that re-fter all, the root of the former were ready, saying that she would Pompilia who had died twenty-uire long periods of time for is the destruction and seizure of go a curian distance and bring three years after Christ was born their completion. The main ques German property abroad, whilst back Dash, since, they wire bent She turned her eyes from one tion, after all, is not concerned on church-going.
There was no with ascertaining the quantities the latter is the logical outcome inf her reparation obligations. She found Mrs. Gronch making side to the other. her bed when she went to put on thing to account for the mewing. of commodities that cross the The raising" of foreign louns, her furs, wearing that air of The door of the windmill hung on various national frontiers, but dull resignation which had came its hinge as it had hung singe they with the extent, the cost and therefore, is part of the steps. She knew what she should the yield of production and with taken by Germany to fulfil her to her during the last few days. Came She answered her mistress's quest inside, dead leaves drift- the distribution of the latter for undertakings towards the credi-
braken 11
wheel the purposes of capital formation rusted lawn-mower, and spending out of income.
for nations; and she might justly
be trans-
be reproached with failing to come- ly with the terms of the Planif
resources.
tion by saying that Cronch had thickly, not yet come back, bat alte sup-barrow, Ja posed he would, since he had come various old garden implements The Dawes Plan is a tentative she were attempting to carry on before.
The ent was not there. She had arrangement for the international her economic activities Botely I. Ivy transfer of debts from one eur with the aid of her own limited Something in the patience, the Bot aupprised jl world dumb résignation of Mhd run over the windmill, and rency to a plurality of athers. Crouch's ok moved Mrs., og festoms of it, caught when The total amount to
In this connexion the numer- Burgh. I WAS though #1 the walls of the mill moved in the ferred in this way has not been
futureous barriers to international animal suffered.
a particular signifi- "My dear soul!" she said, im-last storm, still trailed upon them.fixed, but will be left to
As she crossed the bridge by developments. Germany, by de- trade have pulsively, and pressed a liute fluttering kiss on Mrs. Cranch's which the grotesque gure had glaring her willingness to submit cance to this country. The work cheek, which, suddenly flame one she heard the faint mewing
again, but at a greater distance. darkly,
28
"You shouldn't do it, my dear, you shouldn't do it. Not to the likes of me." said Mrs. Cronch, with an almost painful humility and turned back to her bed-makingt
this experiment to the test of done by the International Econo- practical experiments, has taken mic Conference held at Geneva It disturbed her. Perhaps the herself an obligation which from May 4 to May 25, 1927, under
cat was lying somewhere unable
to move. The mowing was so Allied
is also of great interest in con- the auspices of the League. of Na- nexion with the problem of Inter- tions, is looked upon by the Cham indebtedness, whigher of Commerce as an integral small and pitiful. She could se apart from the inseparable as part of the efforts made to over- the little pink cavity of the ent'ssociation of reparation debts and come the after efforts of the war.
as though she was overwhelmed. mouth and the rough tongue as war loan debts-is subject to theIt welcomes the recent decision of same economic difficulties result-the National Minister of Economy But the dull resignation had lifted from her face. She looked she made the mew:
brighter, more human.
No use asking Dash" to helping from the International trans- to select as he has done since Dash was with difficulty deter-Dash razed over the distant land-fer of assets not prompted by the the meeting of the Deutscher red from the prospect of a longer scape with a stolid indifference to normal commercial laws of supply Industrie- und Handelstng held walk, and accompanied Mrs. de the sounds which seemed to have and demand. Burgh with a rather lagging gait, grown weaker.
Suddenly it acsurred to her that after Beata and Anthony Napier
their way.
He Dash had not growled when the had gene, on stapped now and again to turn black figure appeared on the snow. and look wistfully the way they It must have been Crench then.
But after a time he that settled it. had gone. apparently made up his mind that
(To be continued.)
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at Hamburg as the platform from which he promised the Govern- The Dawes Plan,
ment's acceptance of the Gonova. Although the German repara-resolutions. His comments were tion transfer problem has not yet exceedingly refreshing and not put the feasibility of the Dawes in the very least tending to be Plan to a erucial test, the recent doctrinaire. The enunciation of correspondence between the Ger-such priciples as put forward at
The London Diocesan Fund Mr. Clifford Hawley, President Stanley Company of America for man Government and the Re. Geneva compels even those coun- paration Agent (October 20 to No-tries that refuse having anything
exhibition of films throughout the vember 5, 1927) has revealed the to do with them to fall in with have issued as appeal on behalf of the First National Pictures has the production, distribution and
atent une trend of public opinion, and of the poorer London clergy, An Mme. Marie Lajarcerie, siater motor-eur accident, and Mme. existence of some of the Paris' actress, Cora Laparcarle snuck the motorist who easiness regarding the future may therefore he hoped that the effort is being made to raise an announced that there had been a United Kingdom. The one present economic and political endowment fund of £75,000, which, combination of the British motion are said to exceed 150,000,000 Laparceris, was ́awarded £830 was alleged to be responsible for execution of the transfer.
Commissioners, will enable every Lord. Ashfield, and Lord Beaver company plans to erect a picture In so far as the General Agent's lension will gradually disappear, with the help of the Ecclesiusticul picture enterprises, controlled by dollars ($30,000,000). The new A Paris court up- as, compunsation:
Henr the accident. hich she claimed prevented her held her claim and awarded her memorandum criticises the extent which will automatically happen incumbent in the diocese to have brook, in England, with the Bt-theatre in the West End of Lon
above-mentioned Sum 25 of the expenditure of the Reich if the trade barriers are elimina-
First National Company and the capacity for 6,000. from wearing a low-neck gown. the
and the federal states, it must be ted and if the excessive customs 400 a year with house and rates tial subsidiary companies of the don which will have seating
tariffs are reduced, The scar was the sequel to ʼn damages.
for 2L
free.