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THE
HONGKONG TELEGRAPH. TUESDAY, OCTOBER 4, 1932.
CHEVROLET
THE PHAETON
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DAY BY DAY
integrity, but be based on a fresh III MUNERA understanding between China and Japan as to their respective rights and Interests. It is, however, doubtful whether China would ngrod to any modifications of her
• AUTOSLIKAVULLYINNIMASCHINESENINČERĪTE
WORDS ARE WIBE MEN'S COUN-
BACKING HORSES: Does It Pay
By TONI LINCOLN
full sovereign rights in Man-S, THEY DO NOT RECKON THEM; COME time ago i asked a well-lostngs by £6; and on the ton days churia, while Japan's opposition-Thomas Hobbes,
to this proposal, which includes
BUT THEY ARE THE MONEY OF FOOLS.
morrow.
to-
at the
Botanic Gardens during September
The rainfall registered totalled 442 inches, of which 2.26 Inches fell on the 17th.
known book-maker whother on which his losings exceeded his fit paid to back horses or not. His winnings, his loss would have
back horses," he said: "wise men would have lost £28, 198. without reply was as prompt and forcible excooded his winnings by £27, 158. as it was algnificant. "Only foola On the ten remaining days he turn bookmakers. And since, as any winninga.
The
the withdrawal of all Japaness The P. and O. liner Rajputana, forces, goes without saying. Thora with the English malle, in now due ia, however, much sound common-
hero from Singapore at & p.m.
you know, there are a thousand It was with tho vlow of inves- senia In the Commission's sugges-
fools for avery wise man, horsestigating for himself this question, tion that the solution of the whole
are a paying business for me and which fa of such importance to problem is one for direct negotia-
such as mo."
scores of thousands, that the Let un assume for the purpose writer decided to indulgo in fancy, tion between the two countries
of this article that our backer of in a week's gambling on the Turf, concerned. This is, indeed, the
horses follows only the best and in order to see whether or not only alternative either to a settle.
most reliable tipa he can get the game was really "worth the ment imposed by other Powers or
those given by the "sporting pro- candle." For this purpose he Through falling from the cockloft.phetsand doc how he fures. decided to risk a pound on each to fresh warfare. Obviously, the hat near the Au Wong Temple, Kow-variably men of large experience by the sporting prophets of ton of
n height of 16 feet, at an unnumbered
These tipsers are almost in-horse named as a probablo winner best course is mutual adjustmont loon City, a woman received serious of turf matters and of sound our leading nowspapers. of the situation, if it can be at- injurion to her head.
judgment based on accurate and guides whose tips he decided to tained. But even here we are un
painstaking knowledge of horse follow were four of the principal VEHICLES MAY BE INSPECTED'against the possibility that China
and their performances. The body of a woman inmate of 8, men can form D
Such sporting papers and six leading AT OUR STUBBS ROAD
may well ask for a complete with Woosung Street, was removed from eatimate of the possibilities of a Imaginary Money.
reliable on daily papers. the Kwong Wah Hospital to the Kow-race as is humanly possible; but GARACE.
drawal of Japanese troops from loon Mortuary yesterday following they have their limitations and Manchuria, and the dissolution of death from some unknown poison. often prove their fallibility. In the first race, my ten sporting THE HONGKONG HOTEL the puppet State,
Suicide is auspected.
many canes they have only the tipsters nominated five probable GARAGE
requisite of negotiation.
public form of the horses to guide winners, on each of which I ven- The Lytton Report, of course, le
There were 20 tables at the Ser-intentions of owners; and, till the ton, only two found the actual them; they are ignorant of the tured an imaginary pound. Or merely a stage In the efforts to Y.M.C.A. last night, when a
vices whist drive held at the European the last moment, there is often winner, which started at 6 to 1 compose the situation, The next enjoyable evening was spent. Mins no market to show how the against, and the result of my first.
D. Puncheon won the frat ladies' cat intends to step will be the League Council's prize with a score of 170, Mrs. are, in fact,
jump. There venture found me £ in pocket-a decision on
the, Report. China Davidson was second with 175, while ful and unknown elements that,
so many doubt-decidedly encouraging abart. Mrk, Fletcher won the booby prize with the utmost care and
In the second race all the pro- would be well within her rights with a acore of 129. In the gents' scientiousness, their failures
con-pheta were wrong, not one of them to call for a decision by the with 175, Mr. Mumford second with bound
section, Mr. Blonkinship was firnt
arenaming the winner, and I lost the Hongkong Telegraph League as to whether the Report 174, and Mr. Hart won the booby successful predictions.
to far outnumber their two pounds staked on the other
nominees, amounts to a definite judgment tributed by Mrs. J. W. Baldwin. The preciate the well and honestly-Bad luck followed me in the next thus finding myself prize with 126, The prizes were dis 1 have no wish whatever to de-level on the two opening races. that Japan has broken her obliga-next drive is being held on Monday meant efforts of these gentienten. two races; for here again my ten
The Hongkong Shanghai Hotela, "Ital Incorporated to Hongkong Stubbe Road
Xapp Vailer
The
TUESDAY, OCTOBER 4, 1932.
com-
|
1 pre-
tions, and, if so, to expect the League to bring the defaulter to
the
17th inst.
SUGAR MARKET
most
London Terminals, March 1933 6/21⁄2 up . May 1933 6/4% up d. August 1933 6/7 no change. December 1933 6/10 up d. asking 4-6 more.
Buyers at above prices, sellers
New York Terminnis December 1932 1.08 ap 5 pts.. March 1933 1.02 no change. May 1933 1.07 no change. July 1933. 131 no chanye. September 1933
i
Out of the twelve runners ir
Theirs is a hard and impossible prophets proved unreliable guides, tusk; and if they full, it is at least failing to find the winner of either n honourable failure. That they race, and the six pounds atnked do fail, as they must fail, is an un-At this stage my faith in sporting on their nominations were lost. doubted fact,
prophets began to be rudely alinken, for in three successive.
Mostly Wrong.
of 110 winners nominated by D128. 6d.; net loss, £11, 78. 6d. It 93 were wrong; and the figures is interesting to note that out of for the other two papers
were
five
respectively, 104 wrong out of 122, all the prophecies of my ten and 131 out of 149. Thus, out of
papers for alx races 808 nominations no fewer than
proved correct. 777 fover 86 per cent.) misleading.
only
Thin was certainly
#
most
proved inauspicious start; but I consoled
The following analysis of the five days in which to recover my myself by reflecting that I had prophecies of the sporting editor losses, and I looked forward hope. of a wall-known daily newspaper fully to the racing on the two
THE LYTTON REPORT, book, either by economic sanctions or otherwise. We imagine, how- A close reading of the
ever, that the League will strain prehensive summary of the Lytton themselves to adjust the dispute,
every effort to get the parties THE LATEST CABLED Report will lead most independent as being more
QUOTATIONS
Some time ago a magazine Taces not one of my ten guides published the following instruc had found a winner; and already oliservers to the conclusion that League principles, than to seek to of the sugar market yesterday the results. Without mentioning little in
in necord with
tive list of prophecies of six of
£6 to the bad, I began to The following cable at the lose our leading sporting papers, with nervous for my purse.
bc the Commission has, above every impore a settlement on thing else, sought to avoid aggra- willing party. At the same time, treath and Co.
an un-has been received by Mesars. Pen-sanes, the list is as follows:- although I lost £4, I won £2, 5s. Things, however, improved a the next race; for, vating Sino-Japanese relations' by may well be a serious matter
nominated 197 winners, 170 were while in the last race of the day wrong; teminated 150 winners I lost £5 and won £1, 78. 6d. Thus over-stressing responsibility for for the League's future if it de-
189 were wrong: C gave 105 win at the end of the day my balance- the unfortunate position which elines to face the facts, the more
ners, of which 140 were wrong: has arisen between the two counso if, by inaction or otherwise, it
sheet was: Lost, £21.; won, £9, trics. As the representatives of allows the impression to prevail the League of Nations, a hody that any nation can with impunity which primarily exists for the disregard its solemn international pacife adjustment of international
obligations. disputes, its members have sought rather to prepare the way for a prevention of the unhappy hap- penings of the recent past, and
Democracy in Industry, towards that end they have put and absolute monarchy
is equally convincing:-During following days. For the first race Modern industrial organisation Cuban 96-Spot N.Y. 1.16 no month the prophet named 179 on the next day I had a choice of forward certain concrete
seem to change.
horses for 148 races as probable four winners and £2 richer; on posals, all of which hinge on the the
pro have something in common.
winners. From
Hin prophocles were the race I won £5, but lost, £4 on workers* suggested direct negotiations be especially, in times of great uncm-
point of view ] -
wrong in respect of 155 and right in respect of 24. In 60 however, played me a scurvy trick. horses, four other horses; the next race, of these races he named 68 horses. for not one of my prophets named tween China and Japan. At theployment--the analogy is clear. Ofreciating securities.
Neverthe-none of which won. same time, there can be no escap-
all material
less, the cases in which the em-The named 78 horses, and scored 5 placed on the other nominees, considerations.
In 1 races the winner, and "bang" wont the ing the fact that the Commission worker finds his job mest impor-ployee's welfare has received a nine winners. doen definitely indict Japan for any control over their jobs.
tant. But workers have little if new Mensure of consideration The prophecies were made
thus leaving me £2 to the bad on 24 the first three races. hours before the races were run, It is have proved encouraging suff- Aggressive action in Manchuria all very well to explain to the man clently often to attract the atten- and the financial results of acting A Bad Week's Work and for engineering the creation out of work that his condition is tion of sociologists and the pub-by taking the odds offered on the left in the lurch, for the winner on the prophecies are mado out Again, in the fourth race I was of the puppet State of Manchukuo. due to certain economic laws. Can at large. They see signs that grounds before starting.
The most direct charge which one explain satisfactorily who it is the worker of the future will have Assuming that anyone believing tipster, an oversight which cost was not mentioned by a single the Commission makes against maken economic laws? Сап оле
a greater share of industrial pro-the prophecies took the odds in me £3; on the next race I lost £5 Japan is to be found in the state-explain away entirely the responts and more control of his own crowns, he would on the 25 days' and won the same amount; white ment that "without a declaration sibility of employers to their loyal economic destiny. Moreover, the incing and himself in the follow on the race following t; while
and efficient employees? Is it any
probability grows that the monar- daya, £27, 15s. Losing on 25 days, second day's ventures resulted fr
ing position:-Winnings on of war, a large area of indisput-use to point out that the economic chy of industry will be overturn- £78. 08. Net loss, £50, 58.
14 paltry 28, in my pocket. Thus my ably Chinese territory has been practice is one of "everybody fored not by revolution bat by evolu- On four of the days his win-for the first five races of this day a loss of £4, 18s. Out of 50 tipa. forcibly seized and occupied by himself," and to try to define the tion.
nings would have exceeded his only seven gave the actual win- the armed forces of Japan, and-line between this anti-social attitude separated from and declared in-and some other anti-social attitudes dependent of the rest of China."gainst which the law must protect It is true that note is taken
the pubile? It is not easy to talk. Japan's denial that her action is is often found to be that democracy Ito the man out of work. His iden inconsistent with her interna might work as well in business as tional obligations, or that her in government. And he is military operations in Manchurin alone in this speculation. Here and have been other than legitimate there employers are earnestly ex- incts of self-defence. Whilst the perimenting with the possibility of Commissioners do not argue this body. For instance, the Columbia making business pay-for every- point, they do categorically state, Conserve Company has tried elsewhere in their report, that the ployee ownership with marked suc Japanese milfiary action of Sep- cess. The 150 workers own -the tember 18th, 1931, which marked business, and fix their own wages the beginning of Japan's polley of and working hours. Recent aggression in Manchuria, cannot be regarded as a measure of legi- timate self-defence. Inferentially, the Commission's findings under this heating would
of
not
em-
ro-
not
throughout this long period of ports say not one has lost his job economic trial. This firm is alone in its leanings toward Indus- trial democracy, nor in its success with the employee ownership plan. charge, Japan with infringement Britain where the "co-partnership" It has several counterparts in Great
appear to
any
"
of the Nine-Power Treaty. the plan, as followed and developed by Peace Pact and the League Cove such leaders as Lord Loverhulme, nant, respect for which is urged Sir George Livesey and the Rown- necessary element in trees of York has made Industrial solution to be reached. Lord history. How far such business Lytton and his colleagues do not ried is, of course, a question. The management may be wisely car- conskler that the situation can be stock-ownership plan followed by met by a reversion to the status
some large corporations in at least quo ante, and they therefore en- a few instances seems to have in- vlange a new regimo in Manchuria creased the hardship of employees which would recognlso China's thrown out of work because it sovereignty and administrative also led up their savings in do-
"You see, doctor, it's her dollie that's sick,"
nera,
To cut a long, story short-on the third day I won 20, 28. and lost £20-not loss, £13, 185.. For four raees not one of my tipsters named a winner. My three days racing left me just £30, 3s. 6d. out of pocket!
The fourth day's racing resulted in a net loss of $13, 58.; on the fifth day I finished level, with £20 won and 429 loat; while the sixth day showed losses, £25; win- nings, £16, 108.not loss £9, 10s. On adding up my losses for the week I found that I had dropped £52, 18s. 6d. by staking a pound on each horse named as a probable winner by my ten aporting pro- phets a result which, if the loss had been real and not imaginary. would have made me feel distinct- ly sad. For the 88 races only one of my papers found ten winners. one scores nine, two others eight, and the remainder from Ave to seven; while for 18 out of the 38 races, the winner was not given by- a single one of the ten tipsters:
WAYS THEY HAVE IN THE NAVY
THE Royal Navy, to a great
⚫extont, hins a language of its own, and a landsman who had boon present the other day when the King, at the conclusion of the Royal Review of Weymouth. signalled tho order, "Splice the (Continued on Page 9.)