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The
Hongkong Telegraph.
TUESDAY, DECEMBER 14, 1931.
A CRITICAL WEEK.
Since the National Government was returned to power, it has heen largely preoccupied with Parliamentary busincas, but now
the Government's full plans yót remain to be disclosed. In some quarters. It is being aald that Britain's departure from the gold standard has automaticlly solved the problem of the bainnce of in-
DÀY BY DAY
EVERY GREAT AND COMMANDING MOVEMENT IN THE ANNALS OF THE
ternational paymonts, since, nоTHE WORLD IS THE TRIUMPH OF longer settling differences in gold, ENTHUSIASM-Emeren Britain is bound to strike a balance
The Ben Line 5., Benledi. from
by the fluctuating exchange. That, Singapore, is due here on Saturday.
dis-
one
some
The P. and O. 8.a. Karmala, from Singapore, is due here at a p.m. on
Friday.
Mra. R. M. Dyer is to present the prizes at the Kowloon Junior School at 10.30 to-morrow morning.
A
BEVERLEY NICHOLS in
A FRIGHTENING
CIRCLE.
wwwwww
"Well," he end, "whatever hap
FEW weeks ago, when the
affairs of the world were pens to the pound or the dollar even more in the melting pot than or your wife's pearls, you'll be
stood all right. You've always got those." they are to-day, a woman
"I don't see that makes much before the desk of the manager a great jewellery firm, in Parle, difference." In her hands she held a rope of pearls which she had purchase in 1928 for eight thousand pounds. She wanted to sell them back to him.
to
"You really want me to tell you The Empresa of Ruskin, from what these pearls are worth Manila, is dus here at 6.00 a.m. on me?" said the manager. Thursday, and will berth at Kowloon
Wharf.
it is argued, is bound to courage exports. But, writer has pointed out, it does not follow that any balance thun secured will give Britain résources for overseas Investment, or even be a real balance at all. apart from capital transactions such in
The Royal Observatory roports short horrowing or lending, or the that the antibyclone in central to the sale of existing overseas invest-nst of Tokyú, moving E.N.E. ments. The reni problem of the balance of trade is not automatic ally solved by going off the gold standard, for while the deprecia- flon of sterling has hnd
The Headmaster of the Central British School and Mrs. Nightingalo effect in checking imports and in-have lasted invitations for the annual creasing exports, it does not follow fancy dress party at the school to that depreciation, within the limits marrow, the 16th, and Thursday, the
17th. It ia kely to go, will have enough effect. It is hardly to be supposed that. If the Government intends to stabilise later, it will leave ster- ling entirely uninfluenced banking operations in the mean. time. The Government is said to be taking steps to maintain in ternal purchasing power, but that cannot be done unless the rise in import prices is kept within bounds.
by
The wedding of Mr. Jose Eduarda Noronha to Miss Ana Maria Basto is to take place at the Rosary Church. Kowloon, at 4.30 pm. on Saturday, December 20. It is to be followed by reception at the Club de Recreio.
"But they're unique. They're things which can't possibly be re- represent the produced. They very highest flights that the spirit
of mast has ever rison to they're beauty itself ...
"Do you think a man troubles much about beauty if his boots are "Please." The woman held her looking?"
That was the cue for us to go breath. She was prepared for a heavy encrifice even Afty per at It, hammer and tongs. And as we talked, we gradually shou the cont
which I mean Then, madame, I must tell you deconcles by that they are worth... nothing." that little by little we were forced "Nothing?" She stared at him in to agree that all the finer taings
the economic
conomic foundation. astonishment. "But I bought tuem of life were regrettably dependent in this very shop!"
Broad and water and shelter "Quite. They
these shone out more and more pearla."
clearly as the primary things for which man
the animal, would
"Then
arc
very
Ano
Intrinsic Value.
throw all beauty to the winde,
Whereupon he proceeded, with would trample on the pale faces many deprecatory gestures. to of the loveliest masterpieces, and the een the lovellest of Jewels. tench his former customer a little toms into lesson in that curious economic pitch and tons which we lgnify by the phrase "Supply and
game
not
During a dispute over some money, a boatman of a sand junk, No. 194,
A Cottage-on Terms received a cut on the right wrist and
And even then that was was inter laken to the Kowloon Hospital for treatment. lle alleges Demand." that the steeraman of the boat with A few days ago some men were enough. For one man said, "I'm
round
Greside. Some-better off than any of you. I've whom he had had a quarrel had in-sitting rou
roltage and a field and a ficted the injury.
body mentioned this little episode, got And then, first waywardly and kitchen garden... and that's all A small fire broke out at 5, Yuen later with a certain undercurrent I went." har
Whereupon was savagely Chau Street, in the Shamshulp of anxiety, we began
fud asked. "What do you mean? district, yesterday morning when an selves what things really from apart
any You've got a cottage and a fleld? even of the Tung Hing Mosquito Joss intrinsic value,
Yes you've got it, for the stick Company caught night and exterior situation. It led to
you've got it caused damage to goode to the value conclusion which astonished us.
moment, but
Already, the Government taken some action to keep down importa, or, rather, to make it more dilligalt for other nations to
"A fine
to
ask our-
rope of
«Yen.
be
on
worth majority. Everybody who's work-
set their goods into England. Butf $200. The outbreak occurred in It began with the jewels. "I torms!"
π the kitchen, the oven involved belag think the manager was wrong," **Terms?" used for the drying of Joss sticks. aid one man.
the permission of the The Kowloon Fire Brigade were
ed and saved and has managed to quickly on the scene and had the pearls will always be
utbreak extinguished in about half something."
own a little cottage and a field is "Why
In a an hour. The goods of the company
"Because the vanity of women dependent on the majority. were insured for $15,000 and the! furniture for $5,000 with the Nippon will always be a tremendous world sune world the majority respect hir: They say, "There's good force." Fire Insurance Company.
inan. He's worked for his little "Surely that's exaggerating." "Is it? Don't you realise that bit. He's entitled to our esteem our protection.' But is the the vanity of women builds cities, world sang? Is the world going keeps whole populations busy to allow you to keep your
the art result of the new taxes must be to increase living costs in the lang run, especially when, as is the case, foodstuffs are singled out Thin for particular attention. tariff business is a ticklish matter, with all mannor of reactions pos- sible. It remains to be seen how much farther the Government will
go.
shall Sooner or Inter, we know the outcome of this week's the Cabinet deliberations, but Government's attitude so for does
not encourage the hope that in this vital issue it will be content la hasten slowly..
Japanese Politica.
fultowed. The
SUGAR MARKET.
THE LATEST CABLED QUOTATIONS.
The following cable at the close of the sugar market yesterday has en received by Messrs. Pen- treath and Co.
London Terminals, March 1932 6/11 up d. May 1932 7/1 up 1⁄4d. August 1922 7 up 11⁄2d. December 1932 7/7 up. d. Buyers at above prices, sellers asking d-d more..
New York Terminals. March, 1932 1.14 up 4 pts. May 1932 1.18 up 3 pts. July 1932 1.21 up 4 pts. September 1932 1:29 up 3 pts. December 1931 1,08 up 3 pts.
general election.
*
Events in Manchuria, which brought about the downfall of the Seiyukai Government in 1929, also praved too much for their auc-. that the House of Commons is in
cessors, the Minselto Party. Mr. recess, the real task of evolving | Wakatsuki held out long enough to Home definite eronumle policysave Japan's "face" internation- obtrudes itself. The present week ally. but immediately Japan had is. likely to be a vital one in this gained her points in Paris, the indications do not suggest such a respect, since the Cabinet is to he internal dissension in the cabinot possibility. A better gocas, per- was given full play and collapse haps, is that politics in Japan will in almost continuous session for
Mingeito Prime fallow much the lines of recent the principal purpose #f dis Minister tendered his resignation developments in Great Britain, a cussing fiscal policy. With con-on Saturday and within
a few
National Government, abandon ficting viewpoints on this issue, hours, Mr. Inukai, President of it will not be easy to evolve pinne the Seiyukal, had presented his ment of the gold standard, and which will satisfy everybody. Theat of Ministers for approval. The transfer of political power has, no real tussle is about to begin. fax, proceeded smoothly and with Should the tariffints in the end get out hitch, but it is as well to re- their own way, there will, never- member that the platform of the theless, ben great dent of arguing new Japanese Cabinet has not yet and bargaining to do. The whole-been announced. Its policy will! almost im- hoggers do not hide their Im-decide its future patience at the Prime Minister's mediately. A dozen vital inca decisions. Man- require rapid cantion; they want action. But churia loams largest on the hori- Mr. Ramsay MacDonald is not an zon, but the economie and fintin- easy man to hurry, neither is heelal problems. are almoxi дв likely to make any false step. At urgent and require the same time, it must not be for- gotten that he has never been a die-hard Free Trader.
1
even
more
consideration. If Mr. careful Inukai should reventa ready grasp of the essentials, it is poa- sible that the critics will be cun- So far, the Prime Minister has founded regarding the length of been extremely cautious in all his his Ministry. Japanese politicians i references to the balance of trade are curiously fickle. The orienta- and to the stabilisation of the tion of Japanese political parties lacks explicitness. Members of pound. He has on more than one the Diet change their allegiance ocension suggested that Britain quite freely when circumstances will pul stabilisation into effect na appear to them to warrant such a 800д as possible, but ho has step, and they do not consider it refused to commit himself in any necessary to appeal to their con- stituoncios for approval of 'a way as to when that time is likely change. A clear example of this to come. The Government's policy "habit" followed the election of on the pound must, he says, depend 1928. At the close the number of on policies and events in other members in each party was: Sol- countries; that is as far as he yukai, 218; Minaeito, 216; others. will go. This is quite natural,32 A fow months later, with no by-elections, the Seiyukal found since it is obviously not yet pos-themselves with 223 scats and tho alble to say at, what point it will Minsoito with 171. It would not be best for the external value of be surprising, therefore, if Mr. sterling to settle down. On the Inukal suddenly discovered a ma- question of the balance of trade, jority in the Diaf, though present
nad
cottage
that It's the biggest economic Im-to- pulac in the world? Of course.. currency...
that's nothing. The Well... we were speaking on dollar's no more sacrosanct than the eve of the gerforal election, and
a. Ilttla the pound, nor the franc. America the answer was might have a war, a famine, any-dubicus than it seems to thing might happen. But no war, present.
A Is
'pale. Intelligent-looking going to destroy nor
of women. And as long young man
the
more
be at
leant forward. "It
vanity as one woman can wear a better really amounts to the" he said string of pearls than another. quietly. The only thing you can will have their value." call your own la .. your soul," "You think go?" A shy, thin-, faced man apoke up. "I'm яorry
Shule in Russia,
see, I've "What makes you think that?" to disagree. But, you been offered n dinmond turn in The little man who had boon In exchange for a crust of bread ..-.* | Rusɛla-spoke-avain.
Rare Pictures.
"What d'you mean?"
"Well nobody can take that away, can they 7"*
"What about the scientists In Russia? They had souls, hadn't they? And their souls were in their work. They had to subdue their theories to a system, colour their research with the requisite shade of red. Don't you
"In Russia with the White Army. You didn't see much of the vanity of women there, not when their children were hungry."
Which made us all feel a litle embarrassed.
Another man broke the silence. that mi
might slightly hamper your He turned to our host, and as ho soul
think
healtate to think what might
spoke he waved his hand towards have happened then, after that ex- the pictures with which the walls
were hung. They were very won-tremely pertinent question, had derful pictures. Opposite us, for not the youngest member of the example, was the only Leonardo in party risen to his feet, stretched
his arms, and said: private possession in the world.
"At last I've Cound myself. I'm through painting millionaires
-I will devote the rest of my life to egg plant.
"Well, all I know is that I've had a darned good dinner, and I feel fine, and nobody's going to alter that, It I have anything to any about it!"
And this was the one, the only thing which romained to us aftar the wolter of argument health! The strong heart, the clear eye, the keen muscle! These they cannot soíze
the
theorists, the equality-mongers, the confiscation. They cannot tap the blood, nar slow down the beat- ines of the pulse, nor foster in- digestion in the interiors of those who disagree with them though I am quite certain that there are many politlent extrem- lats who would be only too ́de- lighted if they had the power to work such inconvenient spolla.
YOUTH'S LOSS OF MEMORY.
POLICE SEEKING - PARENTS.
The
ما
WAR
police are trying locate the parents or relatives of an unknown Chinesi who found in the staircase of 782, Nathan Road last night apparent ly suffering from loss of memory
Stated to be about 19 years of: ago, the youth had the appearance of
He was being student. dressed in white and blue striped cotton clothing, with shoes and Monks, and was of a tall and thin bulld. He was found thy the police whil removed to the Govarn ment Civil Hospital, at about 9 o'clock last nigh£.:{