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THE- HONGKONG TELEGRAPH WEDNESDAY, JUNE 14, 1933.
THE
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
WORLD
CRISIS The Very Idea!
effective "partnership.". The V: PEERING INTO THE FUTURE: A PLAN
Immediato aim is a united front in the battle against the de-
VAUXHALL pression. But the long-range
SYNCHRO-MESH
FAULTLESS GEAR
CHANGING
NOW
BEING DEMONSTRATED
AT OUR SHOWROOMS
HONGKONG HOTEL GARAGE
Stubbs Road,
The
Phone 23124.
AT THE TENTH ECONOMIC PARLEY.
THESE FEBRILE PLOTS By Eddie Kelly, Three Star.
XTE went to the pictures
Wlast night and saw
"What Price Hollywood.” Films about Hollywood aro all the craze just now, just as, a few months ago, films about the wild and woolly jungle were the rage.
purpose is to prepare the way to bring order out of economic
BY FREDERICK COPE, A.M.I.EE. chaos and to establish in Amer- (This, the fifth article of the series anything supported by the narrow ica a larger measure of social | by a local contributor, peers into the viowa of soli interest. justice. The proposals for re-futuro and suggests a development of BLOODSUCKING 'PARASITE. gulating prices, wages, hours of a Plan for overcoming the faults of labour and conditions of com- the present economia system, has two factors and only two. En- "It then continues..... "Wenith petition go far beyond anything modified form of State Capitalism.) ergy is responsible for the manifesta- THE first rage were films of so far attempted anywhore but Were we capable of projecting tion of goods and services. It needs in Russia. It is designed to ourselves-into--the-future, we Under the present system "monetary where men are free, and
material, but no monetary financing."
the wide, open spaces, help the more enlightened and might hear, at the Tenth World financing" is forced upon it. This woman are freer. progressive elements in every Economic Conference, the dele- function of money in itself possesses
industry. It will uphold their gate of Britain, America,
Gor creativo; in fact, It has, NO
compensation for that risk, but in
of
drawing up a satisfactory code stantial progress, decided to act quickly drawing to a close; and that which they could discern no aub- creating and trading in money and
as tho
Then we had the eternal triangle series where men were captives and women were captivating.
hands in maintaining fair com- many, France or of some other
it is simply an expression of petition and ending price and Industrial country, addreas. the which is deflated or inflated,
or confidence in it
in it is evident. wage cutting. By relaxing the gathering thus:
has been created and placed as A anti-trust laws it will make "I have been instructed by my blog
bloodsucking trade associations more effective government to lay before you an purpose, then extorte payment, and parasite on the economic system. It
It creates debta for its own instruments of self-government account of certain internal econ- gives no service. Money itself has no is coming to Hongkong with a Now that Douglas Fairbanks Under the plan the Government,omic changes which are taking power to earn. If a man takes a risk hundred players, we may expect through an Industrial Control place in my country.
with hla monay, he certainly requires to see the pendulum swing, and Board, will ask all trade associa- tions to adopt codes establishing decision that it is futile to continue no risk in terms of money is incurred".
else have been forced to the well regulated system of production, Hollywood will go Oriental with their own standard for prices, further discussion, and experiment,
a vengeance. "From the logic of the Report, wo wages, hours and conditions of on the present economic structure. believe that trading of the future can are going to prepare a scenario In order to help Doug. qut, wo competition. The. Board would My Government, after perusing the only be done in goods and services. for his first picture. It will be a have authority to assist in reports of the last Conference, in We have concluded that the mod real Chinese picture, and will be and would protect the rights of independently as the question to the prolific productivity of the times eating Chinese chow; funny little
premler business, is very inscrutable.
Watching our story will be liko workers and public. Then the them was one of extreme urgency. will in the future insistently impede bits will keep appearing in the Board would act as policeman to Circumstances would not permit all operations of this nature. see that the code was observed. them to wait longer for the Enforcing discipline in such a ultimate findings of this series of the present practice is persisted in, of
"We are also of the opinion that if wrong places.
The villain will throaten, the field is a delicate and difficult Conferences
subjugating the interest of legitimate heroing with something vory in- business. But the, alternative "Sumclant had already occurred to trade in goods and services, for the scrutable, when the hero will rush is continued anarchy. Lack of convince them that the subject had purpose of supporting trade in money into the room for his last minute now developed into one upon which and debts, there is a danger that it { argument and contention would con- which is likely to shake the founda-glare at each other inscrutably, petition, opportunity for the un- tinue indefinitely, there lying many tons of our present civilizations of and then the fight will be on.
degree of social unrest rescue. scrupulous and oppression for personal interests vitally affected. the weak. It means
"It' was also felt, as far
"When formulating the production and underconsump question was still left to the ordinary
ourselves were concerned, that if the not close our eyes to this fact, that heroes inscrutableness half way We Reference, we recognised that we could Something will go wrong with the tion. It means recurring de- political machinery of our own Con-better diatribution of wealth than a through the dght, and for a mo
succeeding generations will require
Hongkong Telegraph. discipline means wasteful com-
WEDNESDAY, JUNE 14, 1933.
IS CAPITALISM DOOMED?
over-
R.S
will cause 岛
stitution, a considerable time must
exists; and any scheme, as elapse before oven an approach to a general agreement could be reached. subsidiary feature, should automatic "Immediate decision on the matter desired to interfere as little as pos- graduate to this end. It was also for us was imperative. In quence, a departure was made from conditions and standards as now ac sible with the economic and social all precedent and an unique method cent adopted.
"TERMS OF REFERENCE." and
view of the fact that 80% of our total trade was our own internal blem to the most competent man the recovery
trado, tho Export in his Report de "It was resolved to submit the pro-cided that the first step to economie scheme this man proposed, the Govern- motion and the maximum advantage was to devise machinery mont would undertake to adopt at obtained from it. country could
provide. Whatever whereby this trade could be set in
question. once, and without modification, or
and trends"
The hero and the villain will
ment all will be lost. But, lor'
love us, a hero never loses his in- and after a few breath-taking in- scrutableness for long in a fight,
sumed, and the hero will paste the scrutable minutes, it will be re-
stuffing-pardon, the inscrutable-
ess-out of the villain.
And so the picture will ond, with the hero and heroine Ilving inscrutably over after."
ingenious plot can be worked up Which just shows you what an when you give it a little thought. We know all thoro is to know about Chinese motion pictures. Wa once interviewed a Chinese
countless, offers from Hollywood Sing Song had turned down
and Elatreo.
pressions. Undoubtedly the experiment will show the need for improved methods. It can The verdict of Mr. Frederick be only part of the solution in any case. A vast section of Cope's instructive articles upon industry is not organised in the intolerable economic situs-trade associations. But busin- tion which faces the world to-
C88 leaders, economists day is that Capitalism, as we know it, is doomed. And there the Roosevelt Administration some of the wisest members of are few people who would sug have carefully mapped out the gest, after the experiences of present plans. There is reason the past three years, that a Capitalism which means indus more order into the working of to hope that they will bring trial anarchy deserves to sur capitalism. Possibly they will
CONTROL OF WEALTH. vive. Its place must ultimately lend the way to such a regenera
"The Terms of Reference laid down for him were
"In order to achieve this end it was be taken by centralised, Govern- | tion as will enable what is good present Economie System, which will to control the amount of wealth actress, Sing Song by name.
"An alteration la required to our
felt that steps would have to be taken ment controlled economic plan in the system to survive, revol-immediately restore prosperity to our that amount had to be retained for created, and apportion how much of ning, comprehensively organised ving round the question: how people. The alteration must have to cover every sphere of activity | far can you go in encouraging duo regard of the present social order productive purposes and how much and designed in the interests of the profit motive, the initiative
had to be made available for distribu. nations, instead of financiers of the individual, and at the dustrial, commerical, financial, educa-po
"Ping pong yat yes tai chi kok "Every important professional, in-tion, for consumption and utility parmak thongs," she said smilingly Close observers of current econo- mic theories cannot have failed same time preserve for the com- tional, and social institution, was in- "It has been necessary to take a when we asked her to give a mos- of all service and productive sage to her countless fans structed to to notice the growing tendency munity the greatest benefits of presentative to a Conference. At this capacity in Industrial plant, land, throughout the world. of the experts to lean, however the efforts of all individuals.
Conference vlows were expressed but transport, and other public services.
On second thoughts we decided "The rate of production and service, that it would be beat for her to gingerly, towards Communism
not discussed. The Conference then
over the lost fow years have elected the man whom they conalder scheduled,
to give her message in writing. It ed to
to be the
most competent, amongst at this rate has been given to the
and per
permission
the was in her best Mandarin style, themselves, for the purpose paring a nationwide Scheme.
existing operators and producers, the starting at the top and working both have strong advocates. The-pliability of Latin to mood fact; it meets with general approval
fact that is now an accomplish: Fighteren service and productive down like a grave-digger:
of Not one, however, attempts to dern usage was recently revealed and has been adopted as our policy, capacity above the figures so allotted. hide the fact that no attempt to in an article in the magazine of outline.
will endeavour to indicate a general commodity or provide any Service, in "The right to produce further any bolster up the present economica well-known English grammar
"earning "The Expert's Report opened out in other words to operate system is likely to have any school. Under a heading entitled a most extraordinary manner. Liko capacity" will be offered for public lasting effect. The World
tender. The Government will provide, "A New Departure," the article a tutor standing over a pupil strug and maintain the plant. Tenders will Economic Conference which was made use of some of the crudest that the matter was simple. Thero bo for a specified number of years, |
gling with an equation, It pointed out was a factor in the equation which depending on the type of product or should not be there. Remove it, and service. Any person or body of per- try again, which the pupil docs, realis ing the self-evidence of the error, and then smiling at his past foolishness. "The Report contains an impassion-
as the solution of the world's A New Departure for problema, although State Capitalism and State Socialism
to
The
Old Latin
elect
of pre-
opened with much ceremonial on Monday afternoon is, for this examples of modern slang and reason, it is held, a needless wrapped them up in the rich intervention in normal develop phraseology of the ancient lan- ments. The delegates are not guage--upsetting the opinion of ready for the drastic changes certain boys in senior classes, which are essential. They seek who have frequently questioned od plea for the recognition of true the modern value of their exer. facts only, and strict avoidance of restore prosperity along the old lines when, it must "Duo Rigidi vel Vindicato Veri," cises. The article dealt with be obvious, the utmost that can be achieved is to save is, The Two Stiffs, or, the which, being freely translated, Captitalism for a greater fall at Bome futuro date.
Triumph of Justice," and the problems which have been so modern Latinist used his art forcibly brought to the attention with skill. "Duo rigid!" (two of the whole world in the last stiffs), it said, lay on their backs three years are the logical result("lata in via") in Broadway. of the existing monetary and "Murmurant fla" (the wires economic systems and will mere-hummed) and soon a police ly intensify as labour-saving.de- squad arrived. Sald 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, the efficacy of reason in human fráter. Hoc municipium ali- affairs, it might just as well be quanto calidum fit.” (You've sooner or later. It is for this sure sald 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 Lefty Louis, and Marcus Gra- entire control of industrial pro- cilia, otherwise Slim Marks. The duction and activity in Govern- former, when he works, is a ment hands, while preserving "canum calldorum mercator ab Individualism in the cogs of the oriente parte"-a hot dog mer- Industrial machine. We do not chant on the East Side. The | need to enlarge upon the scheme, other "faclio loquendum in du- which while not worked out to centesima quinquagesima_sexta the final details, is sufficiently | currit"—runs. 21. speakeasy. self-explanatory in principle. Finally, the crowd disperses, And subject to modifications, It "pars ad mensa prandil praecl- is undoubtedly feasible, having pitis," some to quick-lunch coun- once accepted the proposition ters; some to the movies, for that the existence of the ultra- such is the life of that people- financier is a check to organised "quidam ad spectacula contegi- prosperity, that selfish interests ma, alia ad moventin, sic, enim can have no place in the world populus is vivere solet." After of the future. A tentativo move this who shall say that the an- in the direction suggested by clont Latin tongue cannot den! : Mr. Cope is, in fact, already bo- with up-to-date matters?
sons may tender.
SPENDING MONEY.. "The old currency has been with drawn, and a new one substituted, (Continued on Next Columna)
"I finally won back what I was out, but to-day I can hardly.
stay awak
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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 ovidence put before an Imperial Government Commission' on the administration of justice in native
cases.
An administrative officer of long experience related that when one native was released from prison after seven years hard labour he complained that after he bad served. the King faithfully for all that time, he had boon “ancked” without adequate reason, or any complaint against the quality of his work.
"In another caso a native who re- turned to his reserve after a gaol sentence told an admiring: crowd how he had been looked after, fed, an comfortably housed..
Ho had, however, one complaint, he spoke with enthusiasm of the kindness of the prison authorities. in giving him a fine suit of clothes, but complained bitterly that when ho left prison his beautiful suit war taken away from him.-Router. But don't laugh. Just gnaw.
tormed Spending Notes. It was do cided that gold Eauls, particularly for the purpose of internal currency, Was entirely unnecessary. The existing- currency values of commodities havo been adopted as a measure of value. The denominations of the old cur- randy have been retained, but a new feature has b been introduced,
"All currency notes are dated, and are not valid after 6 months from the
(Continued On Page 9.) 20.