Dewar's
WHITE LABEL
FiWhite Labelt JUST SCOTCH
Dewars So
DISTILLE
THE WHISKY OF DISTINCTION
New Shipment Received
of the
RCA VICTOR RE-16
Radio-Phonograph Combination.
THE HONGKONG
1 Super-efficient RUA Vletor Super-Heterodyne circuit.
2 Continuous band-puses variable tone control.
3 Shock-proof rubber mounted chassis.
4 Scientifically impregnated condensers,
RE-16 Noise eliminating power transformer,
6 New RCA Victor automatic volume leveler that
corrects fading.
TEN
U 1
12
t
j
H
ย
t
Н
11
0
7 Three point shielding (Tubes, choasis and cable 1.
f
f
h
9 Over-size electro-dynamic speaker,
10 New RCA Pentode tube with push-pull application.
Operates on local voltage without power
transformer.
BELIEVE IT
OR NOT
CHEVROLET
TELEGRAPH. FRIDAY, JANUARY 22, 1932.
A Chevrolet roadster WHA awarded first prize rating in n 10,000 kilometer drive of the Automobile Club of Germany,
En A recent revival of this famous drive, the Chevrolet came through with a perfect This becomes more Bcore. signficant when it is learned that unly one Chevrolet was entered in the event. while sponsors af ather makes entered as high as nine cara to make certain at least one would finish. The Chevrolet was operated at an Average traveling speed of bet worn 30 and 90 kilometers per hour. Gasoline and oil were obtain- ed along the route, so that no special provision could be made for anything but average operation. The official Inspection revealed that RO unusual wear had taken, place and
replacements had been mado during the run.
AUTHORISED CHEVROLET
DEALERS,
THE HONGKONG HOTEL GARAGE.
The tengkong & Bhanghai Hotels, Ltd. Inentaurated In Hongkong, Stubba Band
Hapur Valley
Ühe
Hongkong Telegraph.
DAY BY DAY
I CANNOT FORCE FROM MY MIND THE CONVICTION THAT A House OF COMMONS, CONCENTRATING IN IT- SELF THE WHOLE POWER OF THE
· STATE, MIGHT—I SHOULD RATHER BAY WOULD-ESTABLISH IN TII18
ject; "who can calculato with mathematical accuracy the exact | amount of money he can afford to [apond and who has the fron will to spend just that amount and not a shilling over. I believe strongly in the principle of cutting my coat ac- cording to my cloth, but I never know at any particular moment pre- eisely how much cloth I possess, and | COUNTRY A DESPOTISM OF THE MOST In such circumstances I suppose I FORMIDABLE AND DANGEROUS.- cut my cont a little extravagantly, rather than err
on the side of economy,
virture, but it is a protest, how ever feeble it may be, against the
is now submerging the world." Neatly put, but hardly to be taken na serious contribution to a very real problem.
Here in
Hongkong, there
are
ample evidences to be found of real extravagance, by which we mean foolish wasting of money or the incurring of expenditure be yond one's means. Far too many people live 51 credit. never
Disraeli.
The Canadian Pacific Company's magnificent new liner, the Empress of Britain, now on a round-the-world tour, arrived at Colombo on Monday She in due in Hongkong on February 11th.
REALITIES OF
By
H. B. ELLISTON
REPARATIONS.
》RIOR to every reparation con- | Stresemann, who led his country
Pference the ceonomiste ware into a new political partnership
•
3
us that the Industrial and finan- with the world on the basis of the whole willingness to fulfil the Treaty of The Royal Observatory reports that clal development of
Influenced Versailles. The scramble of money the anticyclone is nearly stationary world will be largely I do not regard this as
le the west of Peking.
by its outcome. The warning is to enter Germany between 1921 now being repeated. It is certain- and 1928 was just as wild as the Mr. I. H. Gearo was amongst the ly valid. A new deal satisfactory pre-1921 scramble to get money out. | extravagent wave of economy that Passengers who left by the Bluoto both sides would do more to More than one rueful banker hos
Funnel liner Hreior on Wednesday. Lurn the current of world busi-
submitted to me that in those ness upward than any other fac- palmy days a German borrower tor. Ask any Wall Street opera- could get accommodation in Wall or what is keeping marketa de- Street where a domestic borrower pressed and in nine cases out of couldn't. The interest offered by ten he will answer "Germany." the Germans put banking disere-
The new attack on reparations tion in blinkers. is the third since 1921. In that
Up till the end of the fourth The Post Office notifies that the year the history of reparations mall for Hongkong dispatched from proper started. Previously there Dawes year, August 31, 1928, Ger- London via Negapatam on 24th had been a general scramble to many had paid $1,250,000,000 in December has been seriously delayed take what was worth taking out reparations under the Dawes plan. and in not expreted to arrive ant of Germany-n scramble, however, In those four years it had also
in which the United States took no absorbed $1,000,000,000 Friday, 29th instant.
foreign from part--but the seizures, sequestra-loans, mostly the United Mr. II. F. Shields, who was robbed tisa and whatnot did not proceed States. The correspondence was remarkable to give rife samclently ren thumphreys dental studlo, was not 1921, the Reparation Commission in the often-repeated statement
widist in Dr.Jander the name of reparations. In a patient, but in in the employ of tackled the job bequeathed to it that foreign loans paid repara- Dr. Humphreys as a nechanic. At by the Treaty of Versailles of tions, the money coming into one the time of the theft, the studio was in process of being Gxed up by work assessing the allied war costs that pocket and going out of the other. Dr. Humphreys comes the Germans were called upon to The connexion was by no means They reached the astro- ao direct as this. Foreign capital his practice next week.
nomical sum of $43,000,000,000, or entered the body 1wice the entire debt of the United Germany, and enriched it in gen- roof garden by the students of the Germany on the point of an ulti-part of the enrichment came out being held at the Sincere Company's States. The bill was handed to metrical progression, so that only Lal Ching Art College, of 165, Wong- matum, It was all very absurd, again in the form of reparations, neichung Road. It includes many but at a time when an English by far the greater part staying scrolls and paintings, needle-work and leader could talk about "squeez-inside Germany. According to the embroidery. The exhibition, which is ing Germany until the
best German authorities, pips
in- the open from 9 a.m. te 0 p.m. dally, will
there was crement to German capital be squeaked," obviously be closed on Saturday night,
little room for common sense, let we 1924 and 1928 totalled three alone magnanimity.
or four times the amount consika- ed to the creditors in reparations. But the 1021 mountain still ap-
being at pains to consider whether their regular expenditure in within their means, Such as these would mortally offended if they were told that they are guilty of moral theft, but that is what It comes down to in many cases where goods fare purchased by those who have not the means or intention of paying fur them. The only safe guide in all these matters is to refrain from baying wit cannot be afforded, On the other hand, miserly living and economy earried to execos cun-
mean is usually the right course:
PRIDAY, JANUARY 22, 1982.
Hongkong's Part in
"Municipal" Trading,
EXTRAVAGANCE.
The YOLCA. discussion municipal trading, Ur
of
of a hat and cunt
men.
An interesting exhibition is now
Chan Kan, the coxswain of the motor-boat Chan On, waa charged
Marine Court, this morning, with
Day
Germany paid only $250,000,000
economic rf
Ger-
immediate parations. Gen. Dawes went to Germ
to Germany herself, the Europe with Mr. Owen Young and task of evaluating German capa- a miniature army of experts to city
to pay being Intrusted to a "enthrone common sense," as he new expert committee headed by
aim.
not be ton strongly condemned. As before the lon. Comdr. Hole, at the of this amount and then gave up,peared on the horizon, forebodlar. in so many matters, the happy having failed to carry the required the struggle. France entered they in the way of reparation cer number of lifebelts un his vessel on Ruhr, and, though collecting to Latinty. The side excursion could
In 1928, January 16. On admitting the thing, precipitated a situation that not last forever. chargy he was fined $50, ur one invited the interest of the United many naked the creditors where month's imprisonment, Comdr. Hole States, America became the honest to tell her, in concert with she stood. The creditora under- remarking that he considered it a though unofficial, broker of re- serious offence.
Among the passengers arriving to public day on the President Jefferson from Manila was Professor H. Otley Beyer ownership of utility services of the University of the Philippinos, put it. The first expert revision Mr. Owen D. Young. The Young There is a good deal of discus-communications - was
light, heat, power, transport and who has spent over 16 years in the of reparations called after him plan overcame the 1921 mountain Instead of $33,- by replacing it. Ac- Archipelago in the study of anthrois certainly justified his
000,000,000 the total amount of re. logy, sociology, philology
in 1924. it functioned and cepted on the related subjects of eronotay and vigorous flow of invective ac- collected
000. The annuities also foll an immense
amount of four years.
of the
annuities under the Dawes and extravagance. In particular,companying the majority of the valuable material along these lines The Dawes plan left the Repara-
and is the possessor of the finest tion Commission's figure severely standard Dawes annuity, the Instead of $600,000,000, the references 10 bon take of a law frequent notice has
library in the Far East on these alune. France, very nervous about: or public servants, municipal, subjects. court revelation that a Indy had rua
the innovation of expert examing-average Young annuity was $476,-
000,000. tion of German capacity, to pay, deeply into debt though her hustcolonial or national. We hesitate.
A elever fraud has come to light would not brook any
But the Young plan never got distinctly, before assuming the band made her an allowance of rule of advocates for the defence.
settlemont report made to the police that pretended to be final. So the the time it came into operation. with
a chance to function properly. By £2,400 a year. She had run up a bill | în fact, we have half a suspicton belonging to a merchant, named the 1921 mountain. Ignored it, and had overtaken the world, being
yesterday of the theft of luggage ext
experts, instead of
approaching
in 1930, the business depression The Toi. It seems that on arrival from outlined a little side excursion of expressed chiefly in a precipitous
Canton yesterday, he was met
card purporting 13
notable.
8 Perfect acoustic synchronization of chassis and sion going on at Home just now among other things, for the rich kindred sciences. Prof. Beyer has smoothly and harmoniously for parations was fixed at $9,000,00
cabinet,
S. MOUTRIE & CO., LTD.
Chater Road.
CADDY BAGS
LARGE AND VARIED RANGE
IN
LEATHER
AND
WATER
PROOF
CANVAS
FROM
$8.50
UPWARDS
ZIP-FASTENING HOODS & POCKETS
Lane, Crawford, Ltd.
SPORTS DEPT.
not altogether an anal one, if we are to judge from revelations
which are from time to time made
of
civil
ed there.
but
in Bond Strevi for nearly a thou-[that truth would prevail. sand pounds' worth of furs and few kind words
Mr. Price board the ss. Fatahan by a man, who, their own. By this method they drop in world prices. Prices con- That of itself is startling should suffice for the immediate presenting dresses.
to hoped to give the world a breath-tinued to fall until in the middle purpose. He thought a great denli establish his identity or a runner ing spell in which it could cool off of 1931 Germany had to produce enough, but, strange to say, the
of the Permanent Official at White- from the Ilotel Asia, took over the its war temper and allow Germany 30 per cent, more goode In order lly saw nothing at all wasteful inhall and of the men employed in arrival at the Hotel Asin, which is on the form of a brand new aunuit to earn the money values fixed by
merchant's luggage. Not until his to recuperate. The excursion took expenditure on such a scale. Yet Hongkong to prevent cadets from the Central Praya, did the merchant table-without any time limit! seemed tolerable on June 7, 1929, the Young committee... What it would appear that the case was slipping into too many blunders, discover, after enquiries, that his Beginning the fifth year, 1928-20, when Mr. Young and his coadju
luggage had not been delivered at the it placed the Germans under ob- The most vurinus feature of the hotel. It was further discovered that ligation to pay about $600,000,000 to finished their labour, was debate, however, was the failure the so-called runner was not employ a eur
thus intolerable two years later, of those who regarded public con-
seemingly forevor, Interentially until the advent of a ing the dimculty, initiated the one-
when President Hoover, recogniz in the courts. In one instance re-trol of public utilities as desirable,
more propitious time for removing year moratorium for war of those who skirted gingerly round ministration in the past, it musta mare calable one.
the 1921 mountain and setting up and reparations,
debts rently, a lady said she was accus-
which expires the proposition that Kowloon, se tomed to ordering twenty or thirty
always do so. Incentive can even unprogressive Hongkong (the induced in any sphere if the effort brought a remarkable change over Four years of the Dawes plan dresses at a time, and that some of inference suggested), might un- them might only be worn once. dertake
is made. If it is true that the Germany. Money the world over municipal trading 02 public ownership, and of those who public ownership of utility services, partly by the high rates of in-pulled herself well out of the world is gradually tending towards reconstruction. It was attracted the chairmanship of Owen D. flocked to participate in German
Young met in 1929, Germany had resist the march of progress. Hongkong cannot permanently terest, partly by the attitude of
German statesmen, notably Gustav economic trough. To-day finds her in the trough again. Thun the consequences of this revision are by far the most momentous ever faced in the tortured history of revisions. Among the tangibles affected are the foreign loans in- curred by Germany, long-term, and short-term.
would seen that for some women dress-buying is a passion as difi- | thought it a good idea, but Impon- sible under Hongkong's parental cult to conquer. or moderate, as
to take note of the moking. This, of course, is not authority. true of the well-dressed woman who fact that the Hongkong Govern- knows how to buy within the limits ment today controls three public utilities, and in spite of the de- of her income,
ficiencies peculiar to Government As to extravagance in general, servants, is managing to run them there are, as one commentator has very well. The Post Office makes pointed out, few pleasanter experi- a steady annual profit-over $194,- ences than being in the company 000 lust year. And it has a Cadet of a man who is throwing Ave. in charge! The only serious com- pound notes about. Yet it is pos-plaint against it is reluctance to employ privately-run public sible to be extravagant and at the utility, the ferry, to take a lachry- same time to be as niggardly as a mose look at Kowloon's constant miner. There are thousands of people who are extravagent in their own pleasures, but who carefully calculate every penny they spend on
apology for a branch office. Under the same officer, at least officially. comes the Colony's wireless vices, which have made astonishing progress in a few years and con
Ber-
the pleasures of othera. A man maytributed $300,000 to the public
be utterly selfish and yet live beyond exchequer in 1930. On the trans-
servants to make profits from, shall
his means, The fact is worth port side, the Government is res- bearing in mind in view of the ponsible for the Kowloon-Canton fact that extravagance and genere- Railway, highly efficient for Its pur- sity are so often confused. One pose and also contributing to rellof of the burden of taxation. Regard- point which is being stressed at
ing the comparative abilities of Home is that sennonty is spreading private enterprise and Government like a pestilence, with the result that many people are abandoning we say, the electric, telephone, gas, whot once seemed the ordinary ferry, bus, and tramway under- Achilles of existence
the takings of the Colony, it would be reckless" to hazard. · But, at least, ground that, judged by present
the successful-in-debate Y.M.C.A. standards, they are luxuries, It is
argument that private enterprise right, of course, that people should is stimulated by competition has learn to save, but, on the other little 'or no applicability. More- hand, there is such a thing as sav-over, it does not follow that be- ink to excess. "I admire the cause red tape has played, a con- man," says one writer on the sub-spicuous part in government ad-
ON
THE FA
"Hore's your key, Miss. come down and talk to me."
bel
If you got lonesome you can.
4
next July.
TTHEN the committee of ex-
But the most important among the tangible aspects of the present
thair negotiations Is
connexion with the war debts owed to the United States. Two-thirds of German reparations find their way to Washington in payment of these debts. In European estima- tion the two are As intimately connected as the pockets of the samo pair of trousers. In spite of the Laval-Hoover conversations, it le difcult to find out whether the JU.S. Administration is of the [same opinion. Under the Young plan these two-thirds of roparn- tions would be cancelled to-mor- row if the war debts wero can- colled to-night. The other third, $175,000,000 out of the $476,000,- 000 annulty, goes mainly to France, and is applied to the costs of repairing war-time de- vastation. France may be counted upon to insist upon this payment.
• .*
Germany and the United States cach holds an end of this long the and ramified string called debts-roparation problem. What does the American taxpayer think? I find him as unyielding on war debts as tho, French, are on the part of toparations they ro- celve for devastation. He will have to pay if tho foreigners- doesn't, and at this time his poc- ket is as strained as his patience.
(Continued on Page 8.):