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THE HONGKONG TELEGRAPH. WEDNESDAY, JUNE 14, 1933.
THE
VAUXHALL
SYNCHRO-MESH
FAULTLESS GEAR
CHANGING
NOW
BEING DEMONSTRATED
AT OUR SHOWROOMS
HONGKONG HOTEL GARAGE
Stubbs Road.
Phone 23124:
The
WORLD CRISIS
PEERING INTO THE FUTURE: A PLAN AT THE TENTH ECONOMIC PARLEY
"It then continues ......
narrow
"Wealth
The Very Idea!
THESE FEBRILE PLOTS
By Eddie Kelly, Three Star.
FE went to the pictures
WE
last night and saw "What Price Hollywood." Films about Hollywood-are- dll the craze just now, just ns, a few months ago, films about the wild and woolly · jungle were the rage.
ing made in the United States under the plan worked out by President Roosevelt's advisers and leaders of business to join government and industry in an effectivo "partnership." The V immediate aim is a united front in the battle against the de- pression. But the long-range purpose is to prepare the way
BY FREDERICK COPE, AM.LE.E. to bring order out of economic chaos and to establish in Amer-
(This, the fifth article of the series | anything supported by the ica a larger measure of social by a local contributor, peers into the views of self interest. justice. The proposals for re-future and suggests a development of BLOODSUCKING PARASITE. gulating prices, wages, hours of a Plan for overcoming the faults of Inbour and conditions of coma. the present economic system, by a has two factors and only two, En- THE first rage were films of petition go far beyond anything modified form of "State Capitalism.) | orgy is responsible for the manifesta. so far attempted anywhere but
We wo
the wide; open spaces, were capable of projecting ion of goods and services. It needs in Russia. It is designed to ourselves into the future, we material, but no "monetary financing." Under the present system "monetary help the more enlightened and might hear, at the Tenth World financing" is forced upon it. This woman are freer.
where men are free, and progressive elements in every Economic Conference, the dele-function of money in itself possesses
nothing industry. It will uphold their gate of Britian, America, Ger
creative; in fact, it has no Then we had the eternal reality: It simply an expression hands in maintaining fair com- many, France or of some other mind, which is definted or nation of triangle series where men petition and ending price and Industrial country, address the fear or confidence in it is evident. It were captives and women wage cutting. By relaxing the gathering thus:
has been created and placed 45 4 anti-trust laws it will make
"I have been instructed by my bloodsucking parasite on the economic were, captivating. trade associations more effective government to lay before you an system. It creates debts for its own Now that Douglas Fairbanks
then extorta payment, and Бугрове, instruments of self-government. account of certain internal econ-gives no service. Money itself has no is coming to Hongkong with a Under the plan the Government, omic changes which are taking with his money, he certainly, roquires to see the pendulum swing, and power to earn. If a a man takes risk hundred players, we may expect through an Industrial Control place in my country,
compensation for that Tisk, but in A Board, will ask all trade associe- "We have been forced to the well tions to adopt codes establishing decision that it is futile to continue ne ri regulated system of production, Hollywood will go Oriental with
Money la incurred". a vengeance. their own standard for prices, further discussion, and experiment, "From tho logic of the Report, we In order to help Doug, out, we wages, hours and conditions of on the present economic structure. believe that trading of the futuro can
be done only
in
are going to proparo a scenario goods and services.
the
hongkong Telegraph.com, mportant for the un- tinus indefinitely, there being so many which is likely to shako, the founda glare at each other inscrutably,
WEDNESDAY, JUNE 14, 1988.
1. IS CAPITALISM
DOOMED?
The verdict of Mr. Frederick Cope's instructive articles upon the intolerable economic altua- tion which faces the world to- we day is that Capitalism, as
of our present civilization. scrupulous and oppression for personal interests vitally affected.
"When formulating the Terms of the weak. It means Over urse was also felt, as far as we Reference, we recognised that we could ourselves were concerned, that if the production and underconsump-question was still left to the ordinary succeeding generations will require a
not close our eyes to
this
fact, that tion. It means recurring de- political machinery of our own Con- better distribution of wealth than at pressiona. Undoubtedly the stitution, à considerable timo muat
atprosent exists; and any scheme, så a experiment will show the need lapse before even an approach to a subsidiary feature, should automatic for improved methods. It can
general agreement could be reached.
"Immediate decision on the matterally graduate to this end. It was also be only part of the solution in for us was imperative. In conse-sible with the economic and
desired to interfere as little as pos- any case. A vast section of querce, a departure was made from conditions and standards as now ac- industry is not organised in all precedent and an unique method trade associations. But busin-
copted
ess leaders, economists and some of the wisest members of
A New Departure for
adopted.
and
the
man
ог
recovery
CONTROL OF WEALTH.
social
the
T
A
T
.h
›
P
0
✡
in
N
N
n
R
A
W
I
+
P
T
@
0
competition. The Board would My Government, after perusing the have concluded that the era of for his first picture. It will be a have authority to assist in reports of the last Conference, ining and trading in monoy and real Chinese picture, and will be drawing up a satisfactory code stantial progress, decided to act
which they could discern no Bub
as the premier business. is vory inscrutable. and would protect the right the independently as the question to the prolific productivity of the time eating Chinese chow; fan in the
drawing to a lose; and that Watching our story will be like " workers and public. Then them was one of extreme urgency, Board would act as policeman to Circumstances would not permit all operations
Insistently impodobits will keep appearing in of this nature. see that the code was observed. them to wait longer for the "We are also of the opinion that if wrong places.
The villain will threaten the Enforcing discipline in such a ultimate findings of this series of the present practice is persisted in, of field is a delicate and difficult Conferences
subjugating and services, for the scrutable, when the hero will rush the interest of legitimate heroine with something very in- "Sufficient had already occurred to trade in goods business. But the alternative
convince them that the subject had purpose of supporting trade in money, into the room for his last minute is continued anarchy, Lack of now developed into one upon which and debts, there is a danger that it rescue.
will cause a degree of social
unrest
The horo and the villain will opportunity
and then the fight will be on. Something will go wrong with the through the fight, and for a mo- heroes inscrutableness half way
ment all will be lost. But, lor" love us, a horo nover loses his in- scrutableness for long in a fight, and after a few breath-taking in- sumed, and the hero will paste the scrutable minutes, it will be re-
stuffing-pardon, the inscrutable- view of the fact that 80% of "TERMS OF REFERENCE.” our total trade was our own internal ness out of the villain.
And so the picture will end, trade, the Expert in his Report do- "It was resolved to submit the pro- know it, is doomed. And there the Roosevelt Administration blem to the must competent man the cided that the first step to economic with the hero and heroine living are few people who would sug- have carefully mapped out, the comme this man proposed, the Govern motion and the maximum advantage Ingenious plot can be worked up
was to devise machinery inscrutably over after. country could provide. Whatevor whereby this trade could be set in Which just shows you what an gest, after the experiences of present plans. There is reasonment would undertake to adopt at obtained from it. the past three years, that
a to hope that they will bring once, and without modification,
when you give it a little thought. Capitalism which means indus-more order into the working of questionem
We know all there is to know trial anarchy deserves to sur capitalism. Possibly they will
Terms of
of Reference laid down "In order to achieve this end it was about Chinese motion pictures. vive. Its place must ultimately load the way to such a regenera
for him
him were:--- be taken by centralised, Govern- tion sa will enable what is good present Economie System, which will created, and apportion how much of
"An alteration is required to our felt that steps would have to bo taken We once interviewed a Chinese
to control the amount of wealth actress, Sing Song by name.
Sing Song had turned down ment-controlled economic plan- in the system to survive, revol- immediately restore prosperity to our that amount had to be retained for countless offers from Hollywood ning, comprehensively organised ving round the question: how people. The alteration must have productivo purposes and how much and Elatreo. to cover every sphere of activity far can you go in encouraging due regard of the prosent social order had to be made available for distribu- and designed. In the Interests of the profit motive, the initiative
"Ping pong vat vee lai chi kok and tronds".
Every
important professional In- tion, for consumption and utility pur-mah thongg," she said smilingly nations, instead of financiers of the individual, and at the dustrial, commerical, financial, educa-Pre
"It has been necessary to take a when we asked her to give a mos- tional, and social institution, was in-
countless fans Close observers of current econo- | same time preserve for the com-atructed to elect and send one ro- survey of all service and productive sage to hor mic theories cannot have failed munity the greatest benefits of to notice the growing tendency the efforts of all individuals. prosentative
to a Conference. At this capacity in industrial plant, land, throughout the world...
On second thoughts we decided Conference views were expressed but transport, and other public services. of the experts to lean, however
not discussed. The Conference then "The rate of production and service, that it would be best for her to gingerly, towards Communism
elected whom they consider over the last few years have been give her message in writing. It ed to be the as the solution of the world's
petent, amongst most competent,
scheduled, and permission to continue
was in her best Mandarin style, core of pro- at this rate has been given ts, the starting at the top and working emselves, for the purp problems, although State
Old Latin
a nationwide
oxiating operatora producera, Capitalism and State Socialism
"The Scheme is now an accomplish government reserving all further down like a grave-digger. both have strong advocates.
The pliability of Latin to mo-ed fact; it meets with general approval rights of service and productivo Not one, however, attempts to dern usage was recently revealed I will endeavour to indicate a general commodity or provide any mening has been adopted as our policy, capacity above the figures so allotted. The right to produce further any hide the fact that no attempt to in an article in the magazine of outline. bolster up the present economic a well-known English grammar "The
other Words Expert's Report opened out in
to operate system is likely, to have any school. Under a heading entitled a most extraordinary manner. Like copacity" will be offered for public lasting effect. The
a tutor standing over a pupil strug tender. The Government will provide, Economic Conference which was made use of some of the crudest that the matter was simple. Then be for a specified number of years, ch was "A New Departure," the article gling with an equation, it pointed out and maintain the plant. Tenders will opened with much ceremonial on examples of modern slang and was a factor in the equation which depending on the type of product or reason, it is held, a needless phraseology of the ancient lan- ing the self-evidence of the error, and Monday afternoon is, for this
of try again, which the pupil does, zeals intervention in normal develop guage-upsetting the opinion of thon smiling at his past foolishness. ments. The delegates are not certain boys in senior classes, "The Report contains an impassion- ready for the drastic changes who have frequently questioned od plan for the recognition of true drawn, and a new one subsisted, which are essential. They seek the modern value of their exer- to restore prosperity along cises. The article dealt with the old lines when, it must "Duo Rigidi vel Vindicato Veri," be obvious, the utmost that which, being freely translated, can be achieved is to save is, "The Two Stiffs, or, the Captitalism for a greater fall Triumph of Justice," and the at some future date. The
modern Latinist used his art problems which have been
So with skill. "Duo rigidi" (two forcibly brought to the attention of the whole world in the last stiffs), it said, lay on their backs three years are the logical resultata in via") in Broadway. "Murmurant fila" (the wires of the existing monetary and
hummed) and soon a police economic systems and will mero- ly intensify as labour-saving de-squad arrived. Said one officer, vices simplify the means of pro- "Hi posteriores in loco positi duction of goods. The issue has sunt" (these have been put on to be faced, sooner or later. the spot); to which the other And unless we are to despair of policeman replies, "Id dixisti, frater. Hoc municipium ali- the efficacy of reason in human affairs, it might just as well be quanto calidum fit." (You've sooner or later. It is for this sure said it brother. This burg reason that Mr. Cope's fifth is getting some hot). A des- article, published to-day, is cription of the two men discovers particularly interesting. It ven-that they are Ludovicus Sinister tures a solution which places the or Lofty Louls, and Marcus Gra- entire control of industrial pro-cilis, otherwise Slim Marks. The duction and activity in Govern- former, when he works, is a ment hands, while preserving "canum calidorum mercator ab Individualism in the cogs of the oriente parte"-a hot dog mer Industrial machino. We do not chant on the East Side. The need to enlarge upon the scheme, other "facile loquendum in du- which while not worked out to contesima quinquagesima” sexta the final detalls, is sufficiently currit"-runs speakeasy. self-explanatory in principid. Finally, the crowd disperses, And subject to modifications, it "pers ad mensa prandli praeef- is undoubtedly feasible, having | pitis," some to quick-lunch coun- once accepted the proposition tors; some to the movies, for that the existence of the ultra-such is the life of that people financier la a check to organised "quidam ed spectacula contest- prosperity, that selfish interests ma, alla að moventia, ale onim can have no place in the world populus is vivere solet." After of the future. A tentative move this who shall say that the an- in the direction suggested by clent Latin tongue cannot deal Mr. Cope is, in fact, already bo-Iwith up-to-date matlers?
facts only, and strict avoidance
of
sons may tender.
SPENDING MONEY. "The old currency has been with- (Continued on Neat Columna.)
"I finally won back what I was out, but to-day I can hardly stay awake."!
ว
k.
* Starting Post. Now read on
STORY OF THE CONVICT HOLIDAY
HONGKONG LOSES ITS EXCLUSIVENESS
Wo didn't think Hongkong could' keep its place on the map overlong.. Look at this message provided by Reuter:
Nairobi.
Strange illustrations of the in- fluence of imprisonment upon the African have been, among the evidence put before an Imperial Government Commission on the administration of justice in native
cuses..
An administrative offleer of long experience related that whon one- native was released from prison after seven yeara hard labour ho complained that after he had served. the King faithfully for all that time, he had boon "sacked" without adequate reason, or any complaint against the quality of his work.
In another case a native who re- turned to his reserva after a' gaol. sentence told an admiring crowd how ho had boon looked after, fed.: an comfortably housed.
---He had, howayer, one complaint,. be spoke with enthusiasm of the kindness of the prison authorities. in giving him a fine suit of clothes, but complained bitterly that when, he left prison his beautiful suit was taken away from him/Router. But don't laugh. Just guaw.
་
termed Sponding Notes. It was de- cided that gold basis, particularly for the purpose of Internal currency, was entirely
existing ~unnecessary. currency values Fof "commodities have: heen adopted as a massure of value. The denominations of the old cur» rency have bean retained, but a now: feature has been introduced.
"All currency notes are dated, and are not valid after 6 months from the (Continued On Page 94) -