HERE'S HEALTH!
IN A
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THE HONGKONG - TELEGRAPH. MONDAY, MAY 22, 1933.
BRITISH EMPIRE
FAIR
SEE
THE
BRITISH CAR
It sharpens the
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It can be served off
the ice or at a natural temperature.
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S. MOUTRIE & CO., LTD.
York Building.
THE
SECRET OF
ECONOMY
Chator Road,
IS QUALITY.
AND WE CLAIM YOU WILL NOT BE ABLE TO FIND THIS POINT OF VIEW BETTER EXPRESSED THAN IN OUR NEW RANCE
.OF
BEDROOM
AND
DINING ROOM SUITES.
These
are manufactured of
well seasoned timber.
+Directly
Under European
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Your
Inspection Invited.
FURNISHING DEPT.
LANE, CRAWFORD, LTD.
WHEN A FINANCIAL
STRUCTURE COLLAPSES!
A Hongkong Money-Lending Tragedy (Special to "Telegraph.")
THILE
The Very Idea!
TO ACCOUNT RENDERED
By Edward Kelly, E. &. O. E.
THE other day we took
Matilda in to have a new
spark plug fitted.
Matilda, in case you don't
with energy. There are un- doubtedly many situations which might easily become dangerous. Besides, Italy is by no means friendly toward France, while in Great Britain there are repeated and vigorous declarations of a reluctance ever to be dragged in- to continental upheavals. The
Bourses and other lender goes to a needly client, Mr. attitude of the United States has
colossal financial structures 1. M. Allgone. For the sake of been, from the French viewpoint, discouraging. Even the amallerare said to be toppling almost preserving the clarity of this ex- allies of France, though they everywhere, and economists are position of a local Money-lender's formed a bloc for their own de-holding up their hands in lamenta business, we will conveniently take know it, is our car. When we around and collected fence, are nothing like so close-tion, comes the report that a some the same amount of $34 ns actually wont
we also collected the ly attached as in the days when what similar tragedy, but on alent to Mr. Allgone, who agrees to Matilda they were known as French smaller scale, is being onacted in pay thereon an interest of 10 per following account:
cont. per, mouth, which means that tellites. At the same time the Hongkong. Lest this should crente Professional Moneylender is more To One Spark Plug prestige of the League of Nan misapprehension, and stir local or less assured of a return of $3.40 tions as an effective instrument operators to an unnecessary degree per month.
And all he hon to refund to the has undergone some eclipse by of flurry and anguish, we hasten to
Money Loan Association is the SC To Now gaskot the course of events in the Far add that it has nothing to do with East.
Heretofore, the Chief their favourite stocks or shares, or advance interest he has already |
gold or silver bar exchanges, but Office of the Disarmament Con-s contined to a much smaller sec- allowed, plus 8 periodical refund- its natural course ference has been to reveal the tion of the community specialising ments of $10, until the Association unwillingness of nations to trust in the lending out of money, if will have run cach 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 situation now arrived members has hind his pool.
WARRANTY the multiplication of pacts, nt has all the potentialities of a
VAUXHALL STAND OPEN TILL 10 P.M.
| HONGKONG HOTEL
GARAGE.
ACKNOWLEDGMENT,
Mrs. M. P. Telati
Mfr. and
The
were
to
major calamity,
For it hus just leaked out that the professional money-lenders are boing threatened with the sibility of their financial structure falling to function.
Hongkong Telegraph strengthen international law and appropriate
has
MONDAY, MAY 22, 1933,
DISARMAMENT
Disarmament
kas
been henrer
au indication
a will to peace. The atmosphere has been cleared to a large Passing of the Promoter extent and a better atmosphere prevails. For the improvement.
may confer
pos-
the
are
Now, multiply the above figures till the product has reached to well
have an idea of the huge extent of
has
$2.50
Taking out Old Plug Putting in New Plug
decarbonlaing cylinders grinding valves Olling car
50
50
1.50
20.00
7.50
5.00
Cleaning car and charging
battery
3.00
3.00,
Labour.
After receiving this bill, we can
school
To conference with wife over
راق
6.00
60
7.00
70
4.20
of
after all.
60
To cost of rickshaw on return to flat.
Present for wife, to prepare her for 'phone call from Editor
20
Cut Telegraph (@ $5 per bottle). 10.00
To
time lost in visiting friends trying to raise necessary for poker school.
Further refreshments.
To attending telephono call
1.50
1.70
50
2.50
To lossen at poker party
15.00
To facing wife upon return
1.20
COMPULSORY JERKS.
in
France has to be convinced that
within a lakh, and the outsider will see that our time is simply wasted It would be assisted were hostili- ties to begin through no fault
Indian Money Loan Associations, in a newspaper business. We are of its own. That is the dilemma
has run up to the three figure ourself. Something like this: in which France stands, and
whose membership correspondingly going to lodge out in big business mark,
To listening to Pete Watkins whatever may be thought of the
Like most everything else, where
A recent Police Court case has general conduct of affairs since. the war, it should be appreciated the difficulty has been to make two disclosed that not only registered while he asks us to join a poker
elusive enda meet the economic that the ministers of France are slump has been dramatically pointed moneylenders, but also pulicomen impressed by the responsibility 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 account have also Subsequent phone call to intentions are unquestionably sald to have been the primary fac-case that policeman and watchman school
the exercised
role of money-Pete to say that wife will not pacific, and it would be well that tor behind the reported failure of on their own at least they were given credit many clients to meet their commit-lenders but have left the actual allow us to attend poker school functions to the registered pro- To Hotel expenses whilst for their desire to behave sen-ments.
So serious has the position be-fessional, with whom a business figuring out ways and means of tenderBibly in the pass that has now
been well attending poker school.
Cumshow at hotel. their most sincere thanks to all been reached. Their problem come of late that applications for understanding missory notes. friends for their very kind ex-is not easy; they would be Summary Court writs have come secured by cross "third party" pro-
under-in as fast as they can be issued.
Fixing with Editor of Tele- pressions of sympathy and con- helped if this
Then again the procedure is graph to ring us at 8 pm, and dolence in their sad bereavement. stood and if sympathy were MONEY LOAN
further complicated by a member tell as that services required at shown them in the task which ASSOCIATIONS.
lending his pool to another who office. lies before were shown them.
in the circumstances, it seems makes use of it in the same way.
'Phoning Watkins to advise Lends which Anything
to inquire into
In his turn he charges a higher that we may be able to make it,
of interest, the margin on the activities of course being his own idea of a to establish international order, position for the enlightenment Itate anything which provides for con- certain members of the community. business profit for himself. And sultation and, in case of need, about which we have been hearing always it is Mr. Allgone, the mug, shoulders the baby now for intervention if peace were so much of late in Police Courts who
bloated with the accumulated and challenged, would undoubtedly and elsewhere.
Particularly are we interested In accumulating interest, enable the French ministers to choose their path aright. That the Money Loan Associations, as is why Mr. Norman Davis's pro-they seem to have been the chief WHEN the mised statement on America's means by which needy clients have STRUCTURE FAILS.
Recently through retrenchment, brought appreciably
position must be made and found been accommodated with astonish- of satisfactory before it can honest. Ingly large sums. It is said to be wage-cutting or one or several of realisation by the events
of Chinese origin, mud we the past few days. Therely be felt that the worst obstacles ready to vouch for its character a number of reasons for business from Editor of Telegraph, and of a Chinese puzzle, in agreement economy, Mr. Allgone and many advising, wife that services re- been
or have been negotiated.
To attending poker party with a Magistrate who had gone others of his ilk have found it im-quired at office, to considerable trouble to under-possible to carry the baby any louger. They then have two al- His it in a recent case. stand Worship's solution entails a mass ternatives: making a quiet exit out
relves to be sued in preferring the home. a simpler way. It is easy enough to say that of calculations and figures, but we of the Colony, or allowing them-
have discovered no small thanks are due to America has come to the end of This is how it should be under-possible clemency of the Judge.
The first course is by no means second is "passive Germany. Herr Nadolny's an ers in its national history; stood:
So long as they do not let their and it has been said often Take four natives of Hindustan, unusual. The
heads, legs, and arms fly off, we do statement at Geneva was most enough, heaven knows, during The first is frankly a "profescional resistance" coming home to roost conciliatory, while the un the last few months. But for money-lender" and he has register-in a startling form.
The now 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
and slump in Money Loan Associa-But compulsory jerks are a 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 jerks,
Introduced Each of the four contributes say tions. With the financial support ferent matter, and compulsory the Mussolini Four-Power Pact business is worth a good deal of and the fourth a civillan.
One aspect of
Yugoslavia. to the initialling stage. Re-examination.
the change is to be seen in the $10 as his individual share, and in of Mr. Allgone and his fellows jerks have been
complicated Inancial structure, luctance to disarm hitherto
proposal whereby all security the product we therefore have a withdrawn at a critical time the
pool of $40.
always precariously superimposed Now, what Yugoslavia does to- has merely reflected the dis-issues would come under the
Money-lendor makes a bid by an mercurial incomes, is tying it-day the rest of the world does to- trust, if not hostile feelings, strict regulation of the federal
morrow, and this Yugoslavian in- interest he is prepared to allow the
Members have found it difficult novation is full of dire significance, which have been harboured government. This means the ballot. He marks down $6 as the self up into a knot.
to make the periodical contribu- In Yugoslavia they will stick by responsibly politicians. Both passing of the old-time financial others.
and industrial promoter-the Policeman, Watchman and Civil- tions or refunda hitherto largely nothing. They used to spell the the Four-Power Pact-particu-
who built nothing and fan follow suit, but as it happens dependent on the interest-revenue name of their country with n it is แ larly if it is endorsed or originated nothing but who had that their intereat falls short of contributed by Mr. Allgono and capital "3." But now
Company. There has been general capital "Y" That gives you some supplemented by the United a genius for tying together into Moneylender's, It is his pool.
recrimination.
idea of the desperate reformora States-and Herr Nadilny's one big, and useful, concern a
Which explains why heads have one has to deal with in Yugoslavia.
the gesture in accepting the British whole series of smaller firma THE NEXT
recently been broken, with
and Plan 18 the basis for the that other men had built up. 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 suspicions tured had to walk; sometimes tremendously and fears. A great den! now he performed a depends upon France. France useful service for the nation as a whole; and, in the main, it is has been accused of many things, but never of a desire probably quite true that the 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
The markets. and securities reparations and the acceptance very essence of the old-time
the
was that the Gleichberechtigung promoter's game (theoretical arms equality)—process of organizing his com- and they have been dismayed panies and floating his stock
that they earn
issues be performed in the dark- to find
ness-because it was in that! gratitude for theso 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 been a genuine attempt to meet quantities of water when it was 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 be what they will, days 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 встве of person. The security marketing grievance, and which is govern-bill simply recognizes that fact. ed by men who express It has been said often, but it la their demands
peremptorily
vory true-the United States and aro Inclined to act has come to the end of an era.
of
man
coun-
of
STEP.
With the $34 nett he has drawn aftermath of Police Court
"Well, if you must be vulgar, get two for mo, with lots
of mustard."
•
at
THE SHOWING.UP OF CŒSAR.
Great men are not long dead when their blographers get busy and tell us the whole truth about them, with special attention to the less pleasant aspects thereof. ·
This is now recognised as one of the inevitablo penalties of great- ness, and is, says we, what per- sundes many of us to refuse posí- 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 Cæsar, for example, ac- cording to Professor R. S. Conway, was anything but a perfect man, being soaked in self-esteem and much given to uets of sonile vanity.
•
Wo 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 yearA, having been crushed out, it is as aured, by popular education,
come
Simultaneously there has about a sérious slump in great men that is, men who can get things dono inatoad of merely speaking. ahout them. We wonder if the two phonomena aro Inter-related, and whether soakedness in self-esteem had not its uses after all?
We must ask the headache. Sho ought to know.
そん