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THE HONGKONG TELEGRAPH, MONDAY, MAY 22, 1933.
BRITISH EMPIRE FAIR
SEE
THE
BRITISH CAR
WITH THE ONE YEAR'S
with energy. There are
doubtedly many situations which WHEN A
FINANCIAL
STRUCTURE COLLAPSES
A Hongkong Money-Lending Tragedy (Special to "Telegraph.”)
The Very Idea!
| TO ACCOUNT RENDERED
By Edward Kolly, E. &, 0, E.
THE other day we took Matilda in to have a new spark plug fitted.
might' casily become dangerous, Besides, Italy is by no means friendly toward France, while in]: Great Britain there are repeated and vigorous declarations of a reluctance over to be dragged in- to continental upheavals. The
THILE Bourses and other lender goes to a needy client, Mr. attitude of the United States has colossal financial structures I. M. Allgone. For the sake of been, from the French viewpoint, discouraging. Even the smaller are said to be toppling almost preserving the clarity of this ex- are position of a local Money-lender's allics of France, though they everywhere, and economista formed a bloc for their own de-holding up their hands in lamenta business, we will conveniently taks know it, is our car.
around fence, are nothing like so close-tion, comes the report that a some- the same amount of $84 as actually went ly attached ne in the days when what similar tragedy, but on a lont to Mr. Allgone, who agrees to Matilda they were known as French saamaller scale, le boing enacted in pay thereon an interest of 10 per following account:
cent, per month, which means that tellites. At the same time the Hongkong. Lest this should create Professional Moneylender is more To One Spark Plug prestige of the League of Na-a misapprehension and stir local or less assured of a return of $3.40 tions as an effective instrument operators to an unnecessary degrce per month.
has undergone some cclipse by of flurry and anguish, we hasten to And all he has to refund to the the course of events in the Far add that it has nothing to do with Mohey Loan Association is the 30 East. Heretofore, the Chief their favourite stocka or shares, or
already
Office of the Disarmament Con- gold or silver bar exchanges, but advance interent he has
is confined to a much smaller acc-allowed, plus 3 periodicul refund- ference has been to reveal the ton of the community specialising ments of $10, until the Association its natural course unwillingness of nations to trust in the lending out of money, if will have ru each other and to move together without security, to the needy, and and the last of the trio of other internationally. In short, despite to whom the altuation now arrived members has had his pool.
|WARRANTY the multiplication of pacts, at has all the potentialities of a
VAUXHALL STAND OPEN TILL 10 P.M.
HONGKONG HOTEL GARAGE.
ACKNOWLEDGMENT.
Mr. and
Mrs. M. P. Talati
France has to be convinced that major calamity.
MONEY LOAN
account have also
role of
Matilda, in case you don't
und collected
we also collected
When we
the
$2.50
Taking out Old Plug' Putting in New Plug To New gasket.
GO
60
1.50
decarbonising cylinders
20.00
grinding valvea
7.50
Oiling car
6.00
Cleaning car and charging
battery
3.00
1.00.
Labour.
To conference with wife over
Gumshow at hotel,
50
6.00
50
7.00 70
Now, multiply the above figures till the product has reached to well
After receiving this bill, we can it would be assisted were hostili- For it has just leaked out that within a lakh, and the outsider will tics to begin through no fault the professional money-lenders are have an idea of the huge extent of that our time is simply wanted of its own. That is the dilemma being threatened with the pos- Indian Money Loan Associations, in a newspaper business. We fire in which France stands, and sibility of their financial structure whose membership correspondingly going to lodge out in big business
has run up to the three figure ourself. Something like this: mark. whatever may be thought of the failing to function.
To listening to Pete Watkins Like most everything else, where
A recent Police Court case har general conduct of affairs since the war, it should be appreciated the difficulty has been to make two that the ministers of France are elusive ends meet the economic disclosed that not only registered while he asks us to join a poker impressed by the responsibility slump has been dramatically pointed moneylenders, but alsa policemen school
to as the malignant agent of and watchmen are members. It that weighs upon them. Their our ills, and in this case, it is has also been revealed by the same advisability of attending poker intentions are unquestionably said to have been the primary fac- case that policeman and watchman school
Subsequent phone call ய pacific, and it would be well that tor behind the reported failure of on their own
money Pete to say thot wife will not lenders but have left the actual allow us to attend poker school at least they were given credit many clients to meet their commit. exercised the
functions to the registered pro- for their desire to behave sen-ments.
To Hotel expenses whilst So serious has the position be-fessional, with whom a businesя tender sibly in the pass that has now
ltis been well figuring out ways and means of their most sincere thanks to all been reached. Their problem come of late that applications for understanding friends for their very kind ex-is not easy; they would be Summary Court writs have come secured by cross "third party" pro attending poker school,
missory notes. under-in as fast as they can be issued. pressions of sympathy and con- helped if this were
Fixing with Editor of Tele- is Then again the procedure dolence in their sud bereavement. stood and if sympathy were
further complicated by a member graph to ring us at 8 pm. and shown them in the task which ASSOCIATIONS.
lending his pool to another who tell us that services required at
office. lies before were shown them.
In the circumstances, it seems makes use of it in the same way. Anything which tends
Phoning Watkins to advise In his turn le charges a higher rate of interest, the margin of that we may be able to make it, of on the activities
of aufter all. to establish international order, position for the enlightenment it
may confer
course boing his own idea
And To cast of rickshaw on return anything which provides for con- certain members of the community, business profit for himself. sultation and, in case of need, about which we have been hearing always it in Mr. Allgone, the mug, to Rai.
who shoulders
How the baby
Prosent for wife, to prepare for intervention if peace were so much of Inte in Police Courts
bloated with the accumulated and her for phone call from Editor challenged, would undoubtedly and elsewhere. enable the French ministers to Particularly are we interested in accumulating interest.
of Telegraph (@ $5 per bottle). 10.00
To time lost in visiting choose their path aright. That the Money Loan Associations, us
friends trying to raise necessary is why Mr. Norman Davis's pro- they seem to have been the chief WHEN THE
for poker school. mised statement on America's means by which needy clients have STRUCTURE FAILS.
Recently through retrenchment, appreciably nearer position must be made and found been accommodated with astonish
wage-cutting or one or several of origin, and we are realisation by the events of satisfactory before it can honest. ingly large sums. It is said to be the past few days. There ly be felt that the worst obstacles ready to vouch for its charneter number of reasons for business
Chinese puzzle, in agreement economy, Mr. Aligone and of have been negotiated.
ณ with a Magistrate who had gone others of his Uk have found it im-udvising wife that services re
possible to carry the baby any quired at once..
To attending poker party to considerable trouble to under-
His longer. They then have two al
To ioases nt poker party Worship's solution entails a mass ternatives: making a quiet exit out
To facing wife upon return of calculations and agures, but we of the Colony, or allowing them- have discovered a simpler way, selves to be sued in preferring thehoine. This is how it should be under-possible clemency of the Judge.
The first course is by no means second in "passive
The
Hongkong Telegraph strengthen international law and appropriate to inquire into the
MONDAY, MAY 22. 1933,
DISARMAMENT
Disarmament has
brought
has
Plan
been
as
been
indication 21
for the
examination.
man
como under the
of Chinese
of
pool of $40.
THE NEXT STEP.
Case,
many
the end
Further refreshments.
To attending telephone call from Editor of Telegraph, and
•
COMPULSORY JERKS,
•
2.20
50
20
1.60
7.70
00
2.50 15.00
1.20
in
THE SHOWING.UP OF CESAR.
Great men are not long dead when their biographers get busy and tell us the whole truth about them, with special attention to the less pleasant aspects thereof.
a will to pence. The atmosphere has been cleared to a large Passing of the Promoter stand it in a recent extent and a better atmosphere prevails. For the improvement; It is easy enough to say that no small thanks are due to America has come to the end of Germany. Herr Nadolny's
an era in its national history; stood: and it has been said often Take four natives of Hindustan. unusual. The
So long as they do not lot their statement at Geneva was most
enough, heaven
hends, legs, and arms fly off, we do knows, during The first is frankly a "professional resistance" coming home to roost conciliatory, while the un-the last few months. But for money-lender" and be has register-in a startling form.
The new mentality discernible in not mind how often or how violent- expected visit to Rome of all its triteness, the saying is ed himself as such. The second is
dif Captain Goering has brought perfectly true, and the whole a policeman, the third a watchman these clients has started a panic ly people do their physical jerka.
and slump in Money Loan Associa But compulsory jerka are a tions. With the financial support
ferent inutter. and compulsory the Mussolini Four-Power Pact business is worth a good deal of and the fourth a clvillan.
Each of the four contributes Bay of Mr. Allgono and his fellows
introduced One aspect of to the initialling stage. Re
the change is to be seen in the $10 as his individual share, and in withdrawn at a critical time the jerks have been luctance
complicated financial structure, Yugoslavin; to disarm hitherto proposal whereby all security the product we therefore have a has merely reflected the dis-issues would
always precariously superimposed Money-lender makes a bid by on mercurial incomes, is tying it- Now, what Yugoslavia does to- trust, if not hostile feelings, strict regulation of the federal ballot. He marks down 36 as the self up into a knot.
day the rest of the world does to- which have been harboured government. This means the interest he is prepared to allow the
Members have found it difficult morrow, and this Yugoslavian in- to make the periodical contribu-novation is full of dire significance. by responsibly politicians. Both passing of the old-time financial others.
Policeman, Watchman and Civil-tions or refunds hitherto largely In Yugoslavia they will stick at the Four-Power Pact--particu- and industrial promoter-the
who built nothing and inn follow suit, but as it happens dependent on the Interest-revenue nothing. They used to spell the with A larly if it is endorsed or originated nothing but who had that their interest falls short of contributed by Mr. Allgone and name of their country
it 1 f supplemented by the United a genius for tying together into Moneylender's, it is his pool. Company. There has been general capital "J." But now
capital "Y" That gives you Rome States-and Herr
recrimination. Nadilny's one big, and useful, concern a
ides of the desperate reformers Which explains why heads have one has to deal with in Yugoslavia. gesture in accepting the British whole series of smaller firma
recently been broken, with the basis
that other men had built up.
With the $34 nett he has drawn aftermath of Police Court Sometimes this promoter was an future Disarmament Conven-out-and-out pirate, all fixed up from the pool, Professional Money- other proceedings. tion should go a long way with a plank whom all he cap towards removing the suspicious tured had to walk; sometimes and fears. A great deal now he performed a tremendously depends upon France. Franco useful service for the nation as has been accused of
a whole; and, in the main, it is probably quite true that the things, but never of a desire great development of America's for other than the establishment industry in the last three or of peace, with Security. But four decades could never have not until it was too late did taken place without him. But French statesmen read the signs it is hard to see how he could and make a series of concessions operate under this new scheme for regulating security issues -such as the abandonment of and securities markets. The reparations and the acceptance very essence of the old-time Gleichberechtigung promoter's game was that the (theoretical arms equality)process of organizing his com- and the have been dismayedpanies and floating his stock issues be performed in the dark- to find that they earn no ness because it was in that gratitude for these belated process that his vast profits measures. It should neverthe- originated. Because the less be fairly remarked that try was expanding so fast, this whatever blunders in policy may often enough worked out very be charged against France in well, in the long run. Many a the past, there has recently giant corporation contained vast quantities of water when it was been a genuine attempt to meet first put together, but found the wishes of Germany and to before many years had passed concede equality of status even that the natural growth at the price of the treaties. But business had drained its water now the position is perplexing. all out. But those expansive Let the causes bo what they will, daye are over; and the imagina- France is now faced by ative and ingenious promoter who Germany which has recovered took advantage of them can no much of its old power, which is longer be regarded as a useful smarting under 寂 sense of person. The accurity marketing grievance, and which is govern- bill simply recognizes that fact.
by mon who
express It has been said often, but it la
of the
ed
many
coun-
of
their demands peremptorily very true-the United States
aro inclined to act has come to the end of an era.
and
"Well, if you must be vulgar, gal two for me, with tota
of mustard.”
This is now recognised as one of the inevitable penalties of great- ness, and is, says we, what per- suades many of us to refuse poní- tively and finally to become great.
Hitherto those world heroes who have been dead a long time have got off lightly. Now, it seems, the time has come for them also to go through the mill.
Julius Caesar, for example, ne- cording to Professor R. S. Conway, was anything but a perfect man, boing soaked in self-esteem and much given to acts of senlle vanity.
We do not wish to take sides in the dispute, but we cannot refrain from expressing thankfulness that we no longer produce people who are soaked in self-esteem and vanity. The type has been extinct for quite a long period of years, having been crushed out, it is as- suined, by popular education.
como
Simultaneously there has about a serious alump in great men that is, men who can get things done instead of merely speaking about them. We wonder if the two. phenomena aro inter-related, and whether soakedness in self-esteem : had not its uses after all?
+ 爵
Wo must ask the headache. She ought to know,