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NEW ARRIVAL OF NEW PRODUCTS
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Comprising the No. 398 Power Transformer, the No. 396 Filter Condenser Biock and the No. 395 Double Choke Coil, which fulfill the power supply requirements of most receivers employing A.C. tubes. Build up into very neat power packs, are. thoroughly dependable and giving remarkable service wherever in use."
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THE HONGKONG TELEGRAPH. SATURDAY, OCTOBER 19, 1929.
'A · COALOWNER'S WARNING.
BUIN AND UNEMPLOYMENT"
FOR THOUSANDS,
Cardit, Sept. 3....
Mr. W. North Lewis, Chairman
SIR J. STAMP AND
'MR. SNOWDEN,
"I DOUBT THE, EFFICACY
OF HIS VICTORY."
Epsom, Sept. 4.
A vigorous defence of the work of Messrs. Insoles Ltd., (Cymmer of the British exports at the Re- Collieries) at the annual meeting parations Conference in Paris, here to-day, warned the 'Govern-at which the Young Plan was ment of the disastrous affects, which drawn up, la made by Sir Josiah any curtailment of hours of work Stamp, who was chief of the Br would have on the mining industry.tish delegation.
While the coalowners were doing Sir Josiah also questions the all in their power to improve con-final efficacy of Mr. Snowdon's ditions in the trade, he remarked, Hague victory." He writes to an they looked forward with the Epsom correspondenti' gravest apprehension to the legiala- The full story cannot be told tion which the Government have for some years, I fear, but there notified it was their intention to is a simple answer to the whole impose in the autumn.
problem, half of which you have.
He said without hesitation that got. It is this: The choice be legislation which would increase fore me in May, after four months the cost of production would make of grim fighting on many problems, it impossible for the exporting dis-was to object to the unanimous tricts to compete in the markets of report of the others, in which case the world, and would throw the the German acceptance was définite- trade back into an even worse posi-ly not obtained, or to agree. tion than that from which it was slowly trying to emerge.
เบ
German View.
The "Losses."
"The breakdown, as shown in April, on the financial markets, "It would be nothing short of a meant a financial crisis extending tragedy, Mr. Lewis proceeded, "if" to Britain, The Dawes plan transfer just as we are beginning-after provisions would have been im- enormous sacrifices--to regain mediately opérative, and all repara- markets lost through the strike, wetions would have stopped. The one are once more thrown back into the essential, from an economic point position where we shall be unable of view, was to keep the flow going. to sell our output. It will mean on, to have a definite substitute for ruin to many more, undertakings the Dawes plan ready. That course and unemployment to thousands of was certain to provide more repara- men."
tions for Great Britain in the long run even if there were apparent losses.'
It was openly stated by German industrialists, he added, that if the
THE SINCERE CO., LTD. Government reduced the hours of
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labour in the British coalfields it would be the best possible present they could make to Germany.
British Coal for Scandinavia. Copenhagen, Sept. 3.
"The right course was to accept the obloquy of apparently letting our case down in the general in- terest of a settlement.
"I would do it again a hundred times. Better x per cent. of a cer- tainty than x plus 1 per cent. of chaos.
"You could never have had a Young report at all but for that course.
and.
A joint statement has been issued this evening by the Scand-, inavian Coal Importers' Association and the Central Collieries' Associa tion, which have been conferring "But apart from the above, there together here to examine the coal is much misapprehension trade between Great Britain and nonsense about our losses. Snowden the Scandinavian countries. .: set out to get something off the This conference follows a similar Latins; he has practically nothing, one, which wus held between the and our face has been saved by two Associations in Sheffield last putting more on to Germany, which October, with the object of recover is rather the opposite to what on ing, for Great Britain some of the economic grounds, was the trend of coal trade with Scandinavian.coun- our influence in Paris. I doubt the tries lost to other coal-producing
countries.
final efficacy of the victory on. economic grounds. I'm not enough The statement says that one of of a politician to say whether, it is the main objects of the conference good politics! was to discover whether the pre- Much more might be said on sent quota. system provided the influence of the Balfour note, sufficient elasticity to meet the policy, &c., but I have given you the needs of a fluctuating export trade, simple answer that the report was and, if necessary, to Consider the lesser of two evils--and that methods of removing any difficul- less not so evil as represented I
ties.
It was a gratifying feature of the activities of the Association, said the statement, that there had been a considerable increase in the importation of British coal. into Scandinavia. It is expected that that increase, unless checked by any lack of elasticity in the supply of coal for shipment, will continue. This would tend in turn to stimulate experts from Scand- inavian, countries to Great Britain, and thus consolidate trade relations, -Exchange.
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The whole of the material used in the contract placed by the Central Electricity Board with the General Electric Co., Ltd., for one section of the overhead trans- mission lines in the south-east of England, will be manufactured in Great Britain,
An official of the company stated that the contract, the value of which was approximatoly £500,000, would cover the erection of the 132,000 volt line in the district north of the Thames, stretching from Reading on the west to Peterborough on the north, and Ipswich and Colchester on the east. The total mileage of the overhead trans→ mission would be 254 miles, and "the total actual length of conductor would be 1,300 miles.
The contract would be carried out by the General Electric Company with the assistance of their associated company, the Pirelli-General Cable Works, Ltd., of Southampton, the latter company carrying out all the actual erection work. The work of erection would take in all three years, and employment would be given in the " actual erection work to batween 500 and 1,000 men. In addition to that employment would be given to large numbers in the manufacture of the steal towers, stect aluminium conductors insulators, and other accessories,
The overhead lines are one section of the system of overhead Bacs covering the whole of England and Scot- land which are being erected by the Central Electricity Board with the object of linking up the main generating stations throughout the country and affording a cheap supply of electric power in all districts,
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