THERE ARE NUMEROUS BEERS STYLED
PILSNER" BUT THERE IS
ONLY ONE ORIGINAL AND GENUINE
Bier
Burgmlichen Brot
PILSNER URQUELL,
brewed at the town of Pilsen, 'from which It derives its name.
Insist upon PILSNER URQUELL, the original
PILSNER BEER.
Call for
"U" BEER
Sote Agents for Hong Kong:
A. S. WATSON & CO., LTD.
NOW ON SALE
The New
Victor
Dance Records
for OCTOBER.
S. MOUTRIE & CO., LTD.
For
CHATER ROAD.
2
Days
Only.
Oddments to Clear
in
Evening Shoes.
Prices $5.75 to $15.75
Lane, Crawford,
Ladies' Dept.
Ltd.
THE HONGKONG
TELEGRAPH, `TUESDAY, OCTOBER 27, 1931.
BARGAINS
tile acts against her nationals, was the only possibla course. You cannot enter into elaborato negotin- tloss with an armed burglar. The appeal to reason falla flat: The
DAY BY DAY
IT 18 ORDAINED IN THE ETERNAL
in USED cars. moral advantage of the possession CONSTITUTION OF THINGS, THAT MEN
A 20 PASSENGER DOUBLÉ ENTRANCE OMNIBUS COM- PLETE WITH SLIDING DOORS, DROP WINDOWS, DESTINATION SIGN; IN- DICATOR SIGNAL, TOOLS, ETC., ETC.
THE CHASSIS IS A 16.9 H.P. LONG WHEELBASE
LATE
1930 MODEL MORRIS-COM- MERCIAL TX-T1 WITH DUAL REAR WHEELS. VERY ECONOMI- LITTLE USED - CAL AND IN 1ST CLASS CONDITION, WE WILL RE-
COLOR PAINT ANY
RE- QUIRED.
PRICE $3,500.
MAY BE INSPECTED AT OUR STUBBS' ROAD GARAGE,
THE HONGKONG HOTEL
GARAGE.
The langkung Shanghai Totels, Ltd. Incorporated in Hongkong. Stulb ol
Happy Valley
The
Hongkong Telegraph.
of the pistol is too much for his calm consideration of the points which may be put to him by the unhappy householder, not even clad against the cold of midnight, The only thing to do is to let the burglar have his way, and call up
oF INTEMPERATE MINDS CANNOT BE FREE, THEIR FASHIONS FORGE THEIR FETTERS-Burke.
The Colony had a clean bil of health on Sunday.
The annual Hallowe'en dinner of the Scottish Company of the Hour held at the Corps headquarters at p.m. on Saturday.
the police at the first possiblokong Volunteer Defence Corps will be
moment.
The weakness of China's appeal
con-
fiscations and fines; and is direct- ed not against the nation of Japan
| feather their own nests by
The condition of Tao Yin, a 17-year-
ed are welcome.
BRITAIN WILL WIN THROUGH.
By VISCOUNT rothermere.
DOCTORS BAY the strongest In England wages are establish-
men are the most able to fed by agreements with the trade overstrain. They presuma unions, which refused to consent. on their fine physique till some-to any reduction. The result is thing cracks and they have to that we have for years kept up a break off for a rest
higher standard of living than we. This has
WAY
WO
2. Interest on foreign Invest-
re-
as a whole in the first instance, but Kowloon Magistracy by Mr. Fraser high his was contracted at afwith a balance of £138,000,000 in
nationaln
of
stealing
fo
thave been stolen.
In
even
.are.
to reason and to a peaceful deter- old girl, who was conveyed to Hospital Sites happened to England, could afford.
war she has been carry-
Adverse Trade Dalarice, mination of the questions at Issue yesterday In an unconscious state, is
burdons--other reported as serious, following an aping too many
We did this by living on our re- it, of course, her chronic use of the parent attempt to commit suicide by peope's as well as her own.
Confident in her past record of nerven. The proof is to be found boycott weapon. The use with this king adalin.
endurance, she did not realise how in our trade balance. of intimidation and force does Lee Min, aged 10, described as a much her war-efforts had under-
Every day in the year Britain ined her powers, much to detract from the effect of ahop-assistant of 101. Talnom Street, mir
Imports nearly £1,000,000 worth of Shamauipo, was arrested yesterday on So, in the traditional British goods more than alto exports. her attitude of peace. The boycott In charge af indecent assault, the
being an 8-year-old other nations grumbled they didn't ing annually to £360,000,000, was
grumbled and pald. When alleged victim
This adverse balance, amount-- in accompanied with the most un-girl who lives at 5, Tazema Terrace. have to
pay
made up menured denunciation of those
from three sources: Mr. Justice R. E. Lindsell is to nd- £900.000.000 of war-debt to
We pledged ourselves to meet against whom it is directed; it is dress the Law and Commerce Society United States in fuli. Till Prosi.
1. Foreign earnings of our ship. the ping. enforced forcibly at the expense on Friday, October 30,
8.30 dent Hoover's International debt-menta. of China's own people; It is carried University. The subject of his ad- holiday began in June, every in In the Union Assembly Room of the
3. Banking, insurance, and mid- out by currunt committees who dress will bo "Piracy." All intereststaligent had been promptly ful-Edleman commissioris.
ailed.
In 1929 these additional But we had also raised a huge venues were sufficient to pay for Two Chinese were sentenced to internal war loan of £7,000,000,-four import surplus, and left us
months' hard labour at the 00. three
rate of interest and
when hand. this morning, one on a charge of money was abundant owing to only againal such
Last year our exports fell. The electric fan and the other war-time inflation of the note adverse balance grew. As for pawning the fan knowing it to circulation. Japan as have the misfortune
sull, the balance in our favour at Other Europeans natione which the year's end was only £39,000,000. have considered China a desirable
had done the same cut their línbí- į place of residence and trade.
This year they had fallen still Joy-riders are believed to have been lities after the war by simply re-further by 30 per cent. in the responsible for the disappearance of The present case, the boycolt was Mr. P. K. Lew's Morris Sedan, from cing the value of their currency.rat eight months-and so have revived on behalf of the Chinese its stand opposite the Star Ferry in eople who had lent them mones the three supplementary sources who were killed in the Korean riots,Later in the day, the car was re-a bad debt.
Kowloor early yesterday morning, just had to write most of it off'as of Income mentioned. At the end of 1931 we shall have a heavy singularly unjust k
thered, having been of
abandoned at The British Government set it, balance against us of impurts far Kimberley Road,
self to pay its creditors in full, and which we have not paid out of re- weapon, for there is no clear in-
to give them a bonus by venus are dication that Japanese had any.
like Individuals. thing to do with the rits. In any
Those that have always been rich And it hard to economise when the case, the boycott mensure must be
need arises. We did not econo- recognised as coming very near to
By great efforts the pound sterl. mise. Each British Government PRESENT CRISIS, the declaration of a breaking of of the firm, to the effect that he is ink was brought back in 1925 to lavishly as ever.
international relationships with the missing from his post. It is alleged its pre-war gold value of exchange, on a Budget deficit this year on
that the missing man hon in his pon-
We shouldered every ounce of top of an unpaid trade balance. session a sum of $25,000 in notes our inbilities. It now proves that It is easy to overlook the sign-
entrusted to him yesterday with which we overtaxed our strength. We Bad
this situation was, féance of China's present attitude
to pay various bills,
have accordingly eased the load might have lasted To make her attitude really et-
Bome time to the encoachments of Japan. She
by allowing ourselves to be push longer if a crials had not been pre- During the absenes of the owneted off the gold standard to which cipitated by developments abroad. has with unexpected Drmness and fective it would be necessary for
a Chinese walked into the garage of we returned six years ago.
What happened was this: Lon- success enfled up from the deepe China to revise her use of the boy- the old No. 7 Police Station and took
To maintain it would soon have don is a great International bank- a waterproof covering from a motor become impossible in any ense.ng centre. Our banks have huge of her national life her historic cott weapon. No-one can presum-
cycle belonging to Sergeant Walsh. ably compel Chinese to buy Whilst the thief was trying to sell the There is not enough gold avail-deposits of
French, and American, attitude towards war and aggres-
was able. The United Statea has one- other foreign moneys. On these sion. The violent nationalism of Japanese goods; he is always free articla in Upper Lascar Row
acen by a district watchman But the arbitrary arrested
and half the wor aply: France they were paying low rate of in- ол suspicion. On his has another quater. "The Three Principlea" has, in the to avoid them.
terest, and, in the ordinary way Those two countries have taken of business, loaning them at a face of a real emergency, fallen measures by buycott committees, appearance before Mr. Schofield at the
Germany, among from her. With on
amount of and supported by the police in such Central Police Court this morning, Britain's 'old place as the world's
Detective Sergeant Klancar, who great creditor nation,
countries, for short terms. it might way as to erect the committees prosecuted, informed his Worship the rest owo money. But they
to whom uthan rate in moral authority which
The Garmana, however, locked that the garage, which was in the have adopted a different financial up this borrowed.
in build- have been feared her divided rulers to a position above the law, must basement of the old Police Station now policy from ours.
ing
factories, and had lost, she had been able to con- be abandoned if China is to avoid used by the guards, was always open
Britain used to take payment of docks. The and the defendant simply walked in
consequence was that trol the people of her far-flungarious and recurring International and out. Sentence of six weeks hard her debts in the form of goods, when bad trade brought a sudden
or alternatively she lent the money crisia In labour was imposed.
Germany last June, she provinces, so that the tendency to complications in the future.
to other dations for long terma. was not able to repay the short- mob action against Japanese
she America and France both have term
had borrowed
tionals has been suppressed, and
of M. Laval's visit, It is definitely high tariff systems which make from London.
This started an international assured that such a conference payment in goods impossible. Ins- the war-fever which the Govern.
convened before many tend of leaving their money on scare. Foreigners who still had ment could so easily have encourag-
months have elapsed. America celve it and hold it at homew standard, we soon found our stock
loan abroad, they prefer to still declines to take the Initiative,
re-money on deposit in London began to draw it out. Being on the gold This keeps the world's gold flow-
TUESDAY, OCToner 27, 193).
CHINA AT THE
10-
country concerned-a step which is near to war.
EL
The Washington Promise.
Committing neither France
nor
the United States to any apecific
The whereabouts of an accountant raising the value of its war-time exports Bem, 33 Bonham Strand West, of the Cheung Yin-hang imports and currency. are being investigated by the polles In consequence of a report received
by them from Cheung Mo-ke manger
will be
Overtaxed Strength.
turn went on spending as
08
The result has
it
ed has been at least for the timeline of action, but conveying much but her reluctance to enter into ing to them as water flows to ajof gold running low. For a time
while giving full value to
representatives of the realities of that go with it. It put an un- gold. be regarded as the culminating
competing with foreign rivais.
Facing the Facts.
except the amall
Every other country in Europe, war-neutral States of Holland, Switzerland. Norway, Sweden, and Denmark. had already boon forced to aban- its pre-war gold standard. The big mistake that Britain made was in believing that she was strong enough to pay for the war and still meet all other debts in full
would be a great mistake to doubt Britain's capacity for ra covery. This country never really shows its strength until Ita back is against the wall.
pssuaged, We acknowledge this
of extreme Importanca between
the Bank such discussion has disappeared. #uction-pump Auccessful determination to
of England supplement pre-every line, the brief statement
By getting sent a pacife attitude to the world, issued in Washington as a result habilitation of silver, the maldis-pound up to gold-level alx years tho
War debts, reparations, the re- were wrong to force the ed it
gold-credits from big banks
of America and France. But the steady drain the of the conversations between tribution of gold are among the ago. It benefited the bankers byl activities of those who prosecute Laval and President Hoover carries subjects which must be discussed restoring the prestige of our cur- went on, and finally, on Sentem- and all the international ber 20, we had to stop it by ro- rency, the boycott, and to the attempt of a message of hope to the world. M. In a frank acceptance by appointed money-lending and money-dealing nouncing our liability to pay in some bodies, mainly composed of Laval's visit to Washington may
these problems lies the world's dustries, because it fixed
bearable handicap on British in- young students or irresponsible point in a long series of informal sole hope for salvation without in terms of gold at a level which wages politicians of the Kuomintang totalks between leading statesmen of passing through a long period of prevented our export trades from rush the Government into a de- the West in the last few months. chaotic readjustment. claration of war. Even the not | The guiding factor has been com- unjustifiably vigorous speech of mon acceptance of the necessity the chief executive sinks into In- for close International co-operation significance before the resurgence and understanding as a means of of the basic ideas of Chinese cul-ing trade depression. Even in the bringing a halt to the ever-deepen- hure in the recognition that the last few weeks, the situation has append to force, whether it lend to been growing worse. Central success in war or not, is of no banks are uneasy, and the scramble ultimale moral value.
for gold has intensifled. Efforts It is perfectly true that it is in have been made by leading coun- China's interest at present to play foreign deposits into gold, a panic tries to convert their entire the pacific part. That does not which explains the heavy with- really detract from the solid drawals from the vaults of the nchievement. Without the strong United States. The demand was moral convictions of the Confucian so great that it became embarras. culture behind her, she would have aing even to New York, for been unable either to control her although Amerien holds so much own leaders, or to convey the very old. her banking system is · 190 constructed that not nearly so rent impression of sincerity which much gold as people are ant to through her diplomatists she has think can be withdrawn without conveyed to the world in the meet-causing difficulties. The raising ings of the League. Her attitude of the bank rate has now put a affirms that the appeal in such a check on the movement, but the dispute sa has arisen is to reason restriction has increased, rather
than otherwise, the lack of and to international Inw. The re- luctance of Japan to face the musicfidence and the inability to foreste far ahead. The world which fait in the Leaguo has thrown into
and still fonis adrift and has higher relief the Chinese convic groped towards the one remedy, tion that her case would bear. in painted out by the financiers vestigation, that she had nothing and statesmen of Britain months
namely, to hide and that Japan, wan the ago,
interna- tional conference to go into the Hor refusal guilty party.
whole problem of the world crisis negotiate directly with an opponent from a financial and economic who had disregarded the normal vlowpoint. Of all countries in conventions of civilised society. torested, Amerien was the most and who has been engaged in hos varesponsible. To-day, as a result
to
An
con-
"Of course, that's far more than I can eat, but to-morrow
is my birthday and. I want it to look like a party.
Prices will rise and life will he harder for the British nation than it has been lately, but those who imagine that this will lead to grave Labour troubles are wrong. Bri- tish Labour is more patriotic and level-headed than its leaders. The nation wi
carry on cheerfully tili better times return.
I believe those times will not be
long delayed. The British Em- pire has immense resources. A tariff on
on imports, combined with Imperial
will enable Preference,
us to develop them.
Wo
shall
lose our
not necessarily even
businessational banking
standard.
off the gold will most likely happen is that other European countries will fallow our example in abandoning gold, and will stabl Hide their currencies on the basis af sterling." London will continue to be
be their financial clearing house because the machinery of
of those
operations is there.
If a widespread standdement of the gold standard takes place the huge stores of gold which the arl- ficial conditions of post-war fin- ance havo' concentrated in the United and':)
race win loss, much value. International con
of the
Continued on Paga:75)