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·THE LADIES' SALON.
ANE, CRAWFORD, TD. LTD.
LANE,
THE HONGKONG TELEGRAPH. FRIDAY, JUNE
NEW
British. But why criticism at a friendly visit? Becauso
the whole visit was planned as a military demonstration on a large scale. The King was not only accompanied at sea by a large display of war vessels, but actually landed a number of
STUDEBAKER Italian regiments as his guard.
AND
ROCKNE SIX
CARS
AT
GREATLY REDUCED
PRICES.
HONGKONG HOTEL
GARAGE.
9,
1933.
WORLD CRISIS
II: HOW ONE DOLLAR CAME TO LOOK LIKE TWO
BY FREDERICK COPE, A.M.I.E.E.
The Very Idea!
THIS TENNIS RACQUET
By Eddie "Scarface" Killy.
As one who has been in the tennis racquet for some time, we can speak with some authori. ty on this subject TENNIS is played either in singles or married. Be- (This is the second article of a tals, There is much contention, ever sides the players there are series by a local student of economfo at this day, as to the desirability of problem, very timely in view of the using Sliver and Gold together, term- also an unlimitable number approach of the World Economia Coned BIMETALISM, or Gold only, term of umpires, the number de- pending on your popularity. paratory stage, leading up to BIMETALISM, is the theory
of If you are a young woman
or
GOLD
рпар да
countries
cause they all got in the way.
Only one ball is used at a time. More than one ball at a time is called a volley. Even Teddie Fincher and Sir.
Italy is known to have her eyes fixed on the restoration of her glory along the African coast. She has in Europe already pene trated Albania and is credited with larger designs. And yet
foranco. The author is in the pre-ed the Single Standard
his STANDARD. Signor Mussolini has signed the Kellogg Fact and Italy is a mem-main thesis.) ber of the League. There is That magle word "Money". making Silver and Gold plenty of evidence, and not least As the subject is likely to lead us Money, in a fixed ratio of one to the there are bound to be at
to be, other. There are many upholders of least seventeen umpires. Signor Mussolini's speeches, to into, what might appear
The object in tennis is to hit as the production, or availability of show that Italy's adherence to a regions of mystery, let us go back the system at the present time, but
to the early days and trace how the twe metals, are in a varying ratio, a small white ball into the net. peace policy is merely tempor- money came about. For the pur- there is a difficulty in agreeing upon This is a tough job, especially if ary, and no more sincere than pose, we will go back as far as the a ratio which would be generally ac- you have seventeen umpires, be- was Japan's. The most that can Caveman. Lot us imagine the cepted. In the past, fixed ratios be said is that the League gives gentleman of that period, as he have been made within national bor- other nations a right to interfero stood toying with his heavy and ders, but it was always found that when a threat of war appears woll balanced club. Resplendent Gold would flow to those and the force of political pres-and lord of all ho rurveyed. He where its value. In terms of Silver,
The GOLD STANDARD (Single dar Rumjahn cannot got the ball sure and perhaps, who knows?, constituted Production, Labour, was highest.
Transport, Consuming Capacity Standard) was strongly champloned. even of moral suasion can bo
with The opponents of this Standard, put into the not as often as we do. Service, and everything brought to bear. It is ex-which money has concern. forward the contention, that the in- This is what is called our ad- is a root vantage, if you cannot think of a aggerated nationalism ngain He required no money, although he adequacy of Gold
Rupplies which has swept Germany for had a wife and family. Together, cause of the perladie falls of com- better one.
A backhand stroke is made when the Hitler party-that, and the they provided all they needed, but modity prices. Concerning this ques- fear of Communism. No-one exactly as it is at the present time, tion there are arguments and counter your opponent isn't looking, hence "desires" expanded. He found that, arguo.ents, so much so, that for the the name. If he is looking you would credit Herr Hitler with a due to particular circumstances sur pacifist mind. To the onlooker rounding his existence, he could easily five or six hundred years, play, an ace shot.
contention has raged, and as we are
Bettled. Nothing can beat an Ace. Two it would seem that Germany provide an excess of some wants, but aware, the issue is not yet BetAces make a pair. A Pair is re-
deficiency in others. As a suc- Ita record of disagreement would be was recently on the brink securing, with the aid of Bris cession to this stage, he found on unfit to print. However, about the ferred to as doubles. tain, very much what she want comparing notes with his neighbour, end of the last Century about
an exchange of Goods and Ber-standard was widely accepted, and
"Teh, Teh" three or four times ed, real measures of disarmam vlees could easily level things up, to Gold currency was in circulation in
in a loud voice whenever she countries. ent on the part of the allies, and the benefit and comfort of both. Thus, the most important commercial and
was the first method of exchange industrial
nin, the .In
gold sovereign was misscs. If you are playing with re-consideration of the terms of Introduced, and was termed BARTER. the Peace Treaties. The advent. The success of the system of Barter, the atandani
that a country | darling." the gold basis, without This brings the scoro to love- goods and services, and as time pro- could accept British opinion sharply back to gressed, these increased to such an necessarily being on the actual gold forty. If you hit the next ball in-
departed to the net it is rubber. the side of France, illuminated extent, in quantity and variety, that standard. When Britain
too from the gold standard, she simply
A tennis ball is rubber in any France's continued demands for the system of Barter became
case, but you always say "rubber** accurity, and Introduced a trucumbersome to function efficiently. censed to undertake to sell gold, in
This eventually led to the adoption of exchange for currency.
at the end of three sets. culent note into German diplò- a standard article, in the terms of
PAPER MONEY.
There are six games in a sot, FASCISM AND PEACE macy. Fascism in this vigor-which, all other Goods and Services,
ous appeal it makes to the could be valued. The possession of a We have now become acquainted and two out of three sets make a Quantity of the Article, was also a with metal coinage-tangible Money...... The Great War left the world barbaric passions of patriot-title to Goods and Services of equival- something which seems to have some Therefore if you win two sets
retrograde a heritage of
two conflicting ism is
ent value.
intrinsic value. But thero is still you are sot, but if you win only It tends to restore This standard article was termed another form of money-Paper! This one set you are settled because ideals. The truce of 1918 and the sentimente which sweep-na-Money. It took many forms. Many is the most interesting part of the you have lost two sets. the peace which followed it were tions off their feet and plunge different articles have been, and still subject of money, and
are, used na Money. The African Na- which, the solution of our economic
Phone 23124, Stubbs Road.
The
Hongkong Telegraph.
FRIDAY, JUNE 9, 1933.
had of
the
Gold
In doubles, if you are play- ing with your wife, you say
of Hitler to power has brought encouraged the production of more may be ment At this point, it the girl friend you say "Good try,
move-
was 11
because
rubber.
If you lob the ball outside the lines it is hard lines. This is termed a fault and It.
it all your fault.
"Fault" is called out by the man
grandmother"
under your
спо around formed on the principle of self- them into insensate wars
for
tive, over many generations used difficulties will centre. Before we can of determination and on the ideal honour', for 'mational prestige', Ivory, In other lands, Shells, Salt, proceed to deal with this type
wo must introduce the Banker, of international action and
afor (in the words of the Oxford and ornaments were used, in addition
he was the
person who really world state. The principle of Union Society's resolution) "King to the metals, Iron, Copper, Silver andblished the system. What is the who sits in a baby's high chair
Gold. self-determination was directed and Country'. There
Events have proved Money to have Banker, and how did he
For The correct thing to do when the. against the exploitation in the led the gentleman to challen- extreme benefit to mankind. It allow our purpose, it is suficient to meet man says "fault" is to reply "fault,
time when such phrases com- been a very useful innovation, and of existence, how did he evolvet for near the net. interests of imperialism of small ge his enemy to the duel. Some-ed Industry to develop, and provide him, in the course of his evolution, at me
Goods and Servlees in abundance. It point when he functions an breath. If ho saya "double," ar politically backward peoples. how, without any loss of person enabled the general standard of living Goldsmith. At this stage, he was It has, however, blossomed into al honour, the world has been to be raised to auch an extent, that depositary for Gold and Specie. swear softly and re-double. a reassertion of that nationalism able to sweep these away in the amount of Service, can have comforts troduction of Paper money were the Vulgar, people refer no longer The score then becomes 40-40- to-day,
reasonable man giving a
The principal reasons for the in- which itself. produced the War. case of individuals: in the case and conveniences, not obtainable by objections to the weight, bulk, and "douce". Tennis is In the case of small nations it of nations they still require to be the Kings of earlier times.
rlak attendant upon transferring played in Germany because "Jown" has manifested itself in absurd stripped of their glamour, and
large amounts of Gold or coin.
has been abolished. In America tarriff barriers which have done replaced by new loyalties, the
In the early days, it was customary they refer to 40-40 as moonshine much to accentuate the trade asential nobility of restraint,facilitate the production and exchange Banker's antece
Since the purpose of Money was to to deposit Geld and Specle in the depression. In the case of the the supremacy of reason,
This is also the time of the year was issued, The of goods and services, it was desirable Banker's
transferring this "Re- when tennis racquets have to be transfer the ownership restrung with gut. tremely irreconcilable with the claims of brotherhood, the inter-capacity. To do so, it was essential
of the Specie, without. actually moving
They've gut to be, otherwise larger ideal of international co-eat of all mankind, to say not that good money should possess cer- the metal. It will be seen that this they're no good. operation, an ideal which БУДА hing of the greater virtues of tain attributes or properties, intended to be inclusive of local self-sacrifice, and of victory by weight should be of convenient dimen- It functioned Just the same as coin Y.M.C.A. now, for a nice, quiet Well, we're going over to the It was evident that its bulk and "Receipt" could be passed on again. nationalisms, But since the moral influence (in which Chin slons; it should be serviceable to providing the Banker, and the origin
al owner, were, well known in the game of ping-pong. world must move towards an in-ese philosophy is so far ahead reasonable wear, and above all, ternational system, if only be of anything but the Sermon on acceptability. Of all known media havo the "Recolpt" doing the work of in this series will be printed to-
one of most general locality of its circulation. Here we cause its financial system is so the Mount, to which Western of the past, BUIvor and Gold actual coin, and the coin at the samo
the
PURPOSE OF money.
larger nations it has proved ex-sacredness of human life, the that it should function well in this poping. In return, a juice, and in Italy it is 11 Duce.
closely interlocked, this
ac-
should be
it
time, lying at the Bank, doing not- The Banker saw, that if during this
their satisfied best these conditions. Nations have so far in centuated nationalism has had to public policies turned a deaf car). Gold fourd favour ever other forms
As time progressed, · Silver and hing. pay lip-service to international in this twentieth century such a of money. When these metals were period, he could obtain permission to ideals. The result has been a sentiment as von Papen's, that cut into definite sizes, and definite make use of this idle money, on the new and nauseating cant, and a
or make it available on demand, he growth of insincerity in the off-the battlefield is to men what weights, for the purpose of exchange, understanding, that he would deliver, cial pronouncements of nation- motherhood is to women' should they became known as coinage.
Having thus far traced the history would be able to loan out the money; al chancellaries which bids fair be impossible of utterance, Cer- of Money, to its most acceptable form for which service, he could make a thereby. The to outstrip the more patent and tainly the government of which of Silver and Gold, it will be well to chargo, and profit
(Continued on Page 10.) generally recognised insinceri-a prominent member utters it examine the merits of these two me- cannot be said to be a loyal ties of the "old diplomacy" member of the League, nor can The most obvious instance of this perhaps is the subtle dig. its adherence to a Kellogg Pact tinction which has been made bebe anything but a farce.
tween a variety of armed con
ficts, such as the protection of nationals in foreign countries,
Dickens and Drama
the preservation of peace in The production of "Öliver
areas over which dubious
A
Twist" at one of London's larg- authority is claimed, and the collection of taxes by the sweet cat theatres is an indication of method of dropping bombs, and the enduring popularity of Char- war. In the case of Japan, the les Dickens and a tribute to the attempt to wrest words into virility of his work. Dickens's covering action of a sense op-personal flair for the theatre un- posite to their meaning has doubtedly inspired
dramatic
broken down, although even Ja-qualities in his works, and if pan has not declarged war any Oliver Twist" as a play has more than her opponent who is crudities which strike harshly on claiming the right to resist', the appreciation of present-day The most serious debasing of playgoers, it is partly because verbal coinage, however, is sure- Dickens had a purpose in pictur- ly to be put down to the coun- ing Oliver, Bill Sykea, Fagin and tries which have adopted Fas- the Artful Dodger in the way he cism as a system of government, did. Dickens has had an influence Signor Mussolini has never con- on education as well as in drama cealed his determination to make and sociology. Conceivably some war if he considers that the schools to-day could even learn dignity or ambition of Italy. do- from the methods of Mr. Wack- mand it. The whole tendency of ford Squeers, in "Nicholas Nic tailan Fascism is military, the kleby, the headmaster of "Do restoration in modern Italy of theboys Hall.". The latest sphere the splendour of Rome, the into which the polley of learn- Romo not of the Renaissance, ing a thing by doing it, rather but of the Caesars. The recent than by reading about it, or visit of the King of Italy to watching it, or being told, has Egypt caused, wo understand,been introduced, is that of dra- very much comment and adveras ma itself. A report of the work criticism not only in French and of the British Drama League British circles, but especially in shows that to-day there are Egypt itself, where the present 10,000 villagó theatrical socie- government is happily pro- tics.
"You've done nothing all week but study old Joke books, and
I'll bet you aren't even called on to make a speech.
The next palpitating instalment
morrow.
Good-bye Til-den. We'll seein' Hughes.
be
CALL ME "BISH." Bishop Hall recently declared that he did not desire to be re- ferred to as "Your Lordship." Just call me Bishop, he said.
We are all in favour of this scheme for dropping formalities. It Introduces a stilted feeling into relations which is quite unnecea. sary. How much more interesting for instance, it would be if Court. hearings proceeded on these lines: Magistrate: Well, Eddie, what. are you doing here?
Us:-You see, it was this way, Maggie (vice Your Worship) we just had a double whiskey and t came over us like. But, we do object to two bobbles taking us in. One would have been enough.
Maggle: Well, Wolfe, what do you any to that?'
I. G. P. Half a mo. Say, Tim,. what's this bloke talking about?
C. D. I. Murphy: Sorgy, you brought him in. Who was with you?
Sergeant Smith: I was alone. Wo ain't got two blokes on my boat as you knows very well.
Magistrato: Well, Eddle old- top, I'm afraid you're for It. Would you like to pay $10 into Mr. Taylor's little account at the Hongkong and Shanghai Bank, or would you prefer a little time to- think things over?
Us:-Sure we don't know what to do. You see we lost the hand- acho recently and haven't got no other means of support. Can't. you make it five bucks, just be- tween old pals.
Magistrate: Don't you know this: Is a Court of Law. We cannot dia-. cuss extent of punishments?
Us:-Keep your, hair on, wo didn't mean to Bo disrespectful,. Maggie..
Magistrato: I think you'd bot tor trot along for an Interview: with Frankle. But don't stay any longer than necessary. We shaft: want your room in a few days.