WORLD ECONOMIC CONFERENCE
(Continued from Page: 1.)
nosa confidence, must form an in- dispensable background of trade recovery.
BANK ACTION.
Central banks should, therefore, undertako to co-operate, with a view to socuring the monetary con ditions required for a rise in pricos.
In order that their action may have the desired effect, the policy of cheap money should be clearly announced and vigorously pur sued.
Experience in recent months
A Chase, Proposal and Acceptance
THE HAPPY MAN'S
OWN STORY
E HONGKONG TELEGRAPH
THURSDAY, JUNE 15, 1933.
NATIONAL TRANSPORT BIG TRAFFIC IN
DEMAND
Workers As Directors.
What several sponkora descrip-
od as the most important business before this year's conference of the Railway Clerks' Association gave rise to a lively discusson between Wedding bella will ring in July two contending schools of Social- for the Hon. Elleon Hood, sister ists as to the share which should of Lord Bridport, and Mr. David be claimed by the actual workers Lawrence Baker, of Letcombe in the control of nationalised Manor, Wantage, whose romantic industry. engagement has just been
nounced.
дл
TAX STAMPS
10,000 VANISH FROM SOMERSET HOUSE
CONFESSIONS BY 145
PERSONS
The fraudulent use of income- tax stamps on a large scale was described at Bow-street Police Court.
П
RADIO BROADCAST
CHINESE CONCENT FROM THE STUDIO
From Z. B. W., on wave length of 855 metres (84.5 k/c.).
6-8 p.m.
Brunswick records.
European programme of Victor and
B003.
6-0.18. p.m. Orchestral. Valces of Spring (Strauss).
Boston Symphony Orchestra.
High Water (Brennan-McCurdy),
Paul Whiteman and His Vienna Blood (Strauss).
Concort Orch. -06002;--
Boston Symphony Orchestra.
Midnight Reflections (Malneck-
Signorelli),
6903.
Paul Whiteman and His
Concert Orchestra. 05992 6.18-7.16 p.m. Variety. 7.p.m.
The question came up on the executive report as to the establish.
William Niver, aged 52. Mr. Baker and Miss Hood have ment of a National Transport been friends for some time. The road motors, canals, coastal and street, Hoxton; William Charles
Board co-ordinating railways, printor's assistant, of Britannia-- Miss Hood planned to go on a trip to see her brother, Lord Brid-Continental steamship services, Maloy, aged 55, warehouseman, of has shown that cheap money, in part, who is serving with the Fleet and norial navigation. That such a Helmet-row, Finsbury; Houry itself, may not be enough to at Malta. It meant that she scheme must be adopted before Albert Denyer, aged 66, printer's achieve the desired end rapidly would be away for some months.
long by Parliament was taken for unless means are taken to ensure
granted by all the speakers. assistant, of Crudon-street, that the credit made available is "Something had to bo dono Mr. Walkden, the general secre- Islington; Francis Whitelaw, aged actively employed. The question about it," Mr. Baker confessed. tary of the Association, submit 65, printer's assistant, of Shaftes
of whether
can "Miss Hood was
at ting the executive's proposals, bury-streot, E. C.; Joseph Raffoni, etc.). already governments actively assist in this matter by Southampton ready to sail, and declared that the principle of com- aged 46, a stereotyper, of Leppac- Organ Solo-Why Can't You? schemes of governmental capital her luggage was on board.
bined national transport was now expenditure will also require con- "I chased after her by train, as a public necessity,
accepted by all progressive people road, Clapham; and David New-Organ Solo-Little Pal. aidoration. The United Kingdom found her at an
son, aged 59, a porter at Somerset Song-In a Shanty in Old Shanty
Jesse Crawford. 21951. hotel, proposed, dologation will be very ready to was accepted, and you can guess
concerned with others in stealing House, were charged with being examine, with other delegations, it did not take me long to get her
since 1917 cancelled income-tax how far employment can be stimu- luggage off that beat." lated by such action.
stamps at Somerset House.
EXCHANGE STABILITY. Referring to the great impor- tance to International trade of the stability of exchange rates, ho said that that must necessarily be attempted in two stages:
The wedding is to take place in the third week in July either in at Richmond. London or from Miss Hood's home
rival forms of conveyance, he said, The present competition between was wasteful and unsatisfactory in every way.
that grouping would solve the dif Sir Eric Geddes in 1921 said ficulties of the railway companies, but his optimism had not been [justified. Now pooling was being
monopolistic power without re-
of receiving.
There were alternative charges
At an earlier hearing it was Miss Hood is 'n descendant of tried, but Mr. Walkdon argued sald that the total amount in- the eighteenth century Admiral that this, again, was not enough|volved was £2,000. Hood. She is fond of flying and as it would give the companies
Mr. Todd-Jones (prosecuting) is a splendid horsewoman. The immediate objective should
sponsibility and would neither re- asked for Niver to be discharged be to secure approximate stability Mr. David Baker, former deem their plight nor satisfy then he was required for a witness. between the currencies of the prin- Master of the Fowey (Cornwall) public,
He had furnished all the informa- cipal countries of the world which Harriers, is grandson of Lady[".
tion in his power. would far as the principal countries used their resources to counteract
be achieved in
Lylo, of Tate and Lyle. 60
fluctuations in the value of their
currency caused by temporary movements of capital rather than by fundamental economic factors.
The first stage should be dealt with immediately.
"THE BLUE DANUBE" MANUSCRIPT
RUSSIAN TEST.
Mr. Walkden turned to the vexed question of workers' control,
which is agitating both sections of the Labour movement. It was discussed at great length at the Labour Party's conference Leicester last year, and arguments
at
BEING OFFERED FOR then adduced were repeated with varying phrase but identical effect SALE
by to-day's debaters.
GOLD STANDARD.
Vienna.. As regards the second stage, the United Kingdom
The manuscript of Johann delegation on- dorse the view that the ultimate Danube," is being offered for sale Strauss's famous waltz, "The Blue aim of monetary policy should be the restoration of a satisfactory by Dr. Pick, a Viennese lawyer. should confrol it WAS not
It is part of a collection which
International standard and there
is no doubt that the gold standard also includes: seems to be generally acceptable.
The time when exchanges are at parity and at which a return to -gold could could anfely be made, must fall to be determined by the proper authorities in each country! separately.
After stating the conditions un- der which the United Kingdom would feel justified in returning to the gold standard he dealt with the abolition of exchange restric- tions and expressed the hope that the conference would take positive action to overcome the exchange difficulties which have given rise to those restrictions,
PRICE LEVEL INFLUENCE. Rises in the wholesale prices of foodstuffs and raw materials and an increase of world trade would contribute powerfully to reduce these difficulties and would assist In bringing to an end both the, atandstill arrangements in respet
Strauss's hat.
Mr. Walkden stood for the principle that the men appointed to control should be those best that the people in an fitted for the work. The proposal Industry Socialism, he said, but Syndic alism. It had been tried by the Sovieta in Russia and had been
A picture painted by the beau-found wanting. tiful young Empress Elizabeth, and signed “ER.”
On another point of the con- troversy he took the view that trade union representatives An "extra" edition of a news-appointed to managing boards paper announcing the tragic should follow the example of Mr. and mysterious death of the Cliff of the Transport Workers Crown Prince Rudolf in the Union, who on accepting an op hunting-box at Mayerling, and pointment on the London Traffic A programme for the fatal per-Board resigned his connexion with formance at the Ring Theatre the union, on November 9, 1881, when 500 persons lost their lives in a fire. -Reuter.
STREET SOCCER
STOPPED
POLICE SEIZE 200 FOOTBALLS
WHY FIFTY-FIFTY?
Replying to this official view, a forcible delegate from Liverpool proposed that the Executive's report should be referred back, and that the conference should declare for workers' roprosenta- tion on the National Transport Board to the extent of not less than 50 per cent,
Mr. Wright, of Norwich, asked why the proportion of workers' representatives should be fixed at 50 per cent., which would prosuri An "epidemic" of street football ably reduce directorates to fac
Madrid.
wero
of short term debt and the transter has seized Seville: In every tion fights between the two classes difficulties as regards external in- street and square, youths and boys of directors. debtedness as a whole.
have been playing "el futbol" with Mr. Walkden, however, declared Those exchange and transfer tremendous energy-sometimes to that if the amendment dimculties would also be greatly the annoyance of more elderly carried this "fatuous decision" would be broadcast against-them, diminished by a resumption of passers-by. normal international lending.
So word was given to the police and the public would reject. the men: "Street football must atop," whole proposal.
In 24 hours the police seized 7 dopended largely upon the renewal regulation soccer balls, and 200 of the International flow of capi-rubber balls which were being tal and every effort should be used for football. made to restore the stability and The confiscated bails are to be confidence required to render this sent to children's homes.-Reuter. possible.
Indeed a rovival of world trade
TRAIFF WALLS.
Pto. Watkins, of the R.A.M.C. was
Referring to the growing ob- stacles to international trade, he yesterday bitten by a dog belonging expressed willingness to examine Pumping Station. He went to the to Mr. Simmons, of the Bowen Road, the proposal for attaining a re- Military Hospital for treatment. duction of excessive tariffe by multilateral action.
Any such proposal must be effection of all arbitrarily imposed tive in securing really tangible quotas.
reductions of
excessive
tariffa, д sufficiently
QUOTA SYSTEMS.
(Closing Local Stock Quotations,
Song As Long as Love Lives On.
Τάννη.
Bello Baker (Comedienne).
0360. Vocal Dust-I Wonder flow it
Feels. Vocal Duet-I Don't Mind Walkin'
in the Rain. Orchestral-Deep Sea Low Down.
Cotton and Morpheus. 4876,
Bernie Cumming and His
Orchestra Orchestral-Play That Hot Gultur.
Ted Weems and His
Orchestra. 24053. Song-I Can't Bellove That
It's You. Song-I Cried for You.
Connie Boswell. 6287. Orchestral-I You Were Only.
Mine.
Niver was then discharged. Mr. Todd-Jones said that New-Orchestral-The Night When Love
was a porter employed at
Was Born. Somerset House by the Commis- loners of Inland Revenue, and the other defendants worked in various
newspaper offices. As
weekly wage earners employed by way of manual labour they enjoy ed a privilege which other tax- payers did not possess of paying their income-tax by 13 weekly instalments by means of special stamps stuck on cards. At the end of the 13 weeks the cards were sent to the collector of taxes and the stamps were cancelled."
About the middle of 1931, he said, a card was noticed on stamps of a doubtful value. receipt at Somerset House to bear An investigation had been going on ever since.
250 INTERVIEWS.
Leo Reisman and His
Orchestra. 24047. Orchestral-Bohemian Romance. Orchestral-My Momories.
The A. and P. Gypsies. 4903. 7.15-7.43 p.m. A Concert. Violin Solo-Liebestreud (Love's
Joy) (Kreisler). Violin Solo-Liebesloid (Love's
Sorrow) (Kreisler), Song Fiddle and I (Weatherly-
Fritz Kreisler. 1808.
Goodeve). Song-Angel's Serenade (Millard-
Braga).
Hulda Lashanaka (Soprano), 'Cello Solo-Serenata Napoletana
(Sgambati).
1548.
'Cello Solo-Intermezzo (Vivaldi),
Pablo Casals. 1542:
Song Chanson Indouo` (Kimaky-
Korsakow), Song-Marta (Gilbert-Simons).
Beniamino Gigli (Tenor), 1570. Plano Solo Under the Palms
(Albeniz).
(Brahms).
Alfred Cortot. 1271. 7.43-8 p.m. Daphnis et Chloe-Suite No. 2
(Ravel).
Mr. Todd-Jones, "to examine over Piano Solo-Cradle Song
"It has been necessary," said 100,000 cards and have over 250 interviews. As a result It háy been found that 140 persons had on their cards stamps which had been stolen, removed from the cards on which they were fixed, cleaned and then used again.”
These 145 persons, he said, con- fessed that they had done this and offered to repay the money. Proceedings were not being taken against them, but they would have to pay for the stamps)
Referring to the distributors, Mr. Todd-Jones said that it appeared that in a number of newspaper offices there had been trafficked in these stamps, selling one or two persons who had
them to their mates, sometimes at a profit.
Boston Symphony Orchestra under the direction of Serge
Koussovitzky. 7148/4. 8 p.m. Local Time and Weather Report. 8.3-10.30 p.m. Chinese Studio Concert.
10.30 p.m. Rugby Mid-day Press -NOWE.
10.35 p.m. Close Down.
All records in the above European Messrs, Tsang Fook Piano Co. programmes are kindly supplied by
A REMARKABLE INVESTIGATION
FROM UNIVERSITY
son had been employed at Somer-
Mr. Todd-Jones said that Now- QUESTIONNAIRE SENT set House since 1911, and his wages were now £2 11s. a week. His duties took him to a room in
The Department of Paychology
The natural result of his effec- tive answer was an overwhelming which the stamp cards were at the University of London is victory for the Executive.
burned. In a statement made to issuing a questionnaire, which con- They were equally successful in the authorities he said that in
a discussion, in camera, of the 1917 he was sont into the room to sists of 32 "propositions" dealing Irish strike, when, after a detail-clear up and took two bundles of with progressive thought, on which ed explanation of their policy, cards bearing stampa which had the recipient is required to record only three votes were recorded not been properly cancelled. He his or her attitude. They include - against them.
took them home thinking that such varied subjecta as sexual free- might be of value to collectors, dom, birth control, Communism, and they remained hidden away Anarchism, abortion, gymnosophy, In cupboard for six or seven rofusal of military service years. All he recolved for their sterilisation. salo was £30.
£100,000 RADIO STATION
LATEST ACQUISITION FOR MADRID.
Madrid.
must commend
In view of the disastrous slump general measure of support and in prices, the British Government cover a wide enough area not to are themselves engaged in pro- impose upon the low tariff coun-moting the regulation of the sup- A new 100-kilowatt radio r'ation trics disproportionate sacrifices plies of several food products. costing $100,000 is to be erected and must not have injurious re. They would be prepared to co-shortly in Madrid, according to n percussions or lead to tariff wars operate in the regulation of wheat Home Office announcement. or other economic hostilities.
}
BILATERAL PACTS.
and
Accompanying it is a printed The two-bundles mentioned by form signed by J. C. Flugel Nowson, sold Mr. Todd-Jones, (Assistant Professor of Psycho-
contain would
10,000 logy) and Pryns Hopkins (Hon.
Lecturer in Psychology).
about
stamps,
Mr. Todd-Jones said that White- The statement reads, "A research law's salary had been £452 a year, is being conducted by some mem- He had distributed stamps which bors of the staff of this College into he said he bought from Newaon the overlap between various "pro- to the face value of $1,004. grossivo," "advanced"
or "un- Raffon!'s wages had been £632 a orthodox" movements, 1.0., the supplies and the supplies of other The existing station is a private year, but he had been out of question how far those who sym- foodstuffs on the part of the prin concern, but the new one will be employment since the discovery Sathise with one such movement cipal food exporting countries with entirely under state control. In of those offences. He had distri- tend to support (or to oppose) vlaw to restoring and maintaining a come from licences will go to debuted stamps value £812 to twenty cortain other › movements. Tho reasonable level of prices.-British fray the cost of construction.-persons.
investigators are not concorned. Wircless.
with the merits or defects of any Denyor's salary had been £480 auch movements, but solely with a year and he had nold stamps the facts concerning the above. worth £68 to five men. Maloy, montioned overlap. who had worked on a London newspaper for forty years and earned £219 a year, had distribut- od stamps worth £11.
Reuter.
In the United Kingdom's view, the reduction of customs tariffa can best be achieved by a series of bilateral agreements, which tho conference should do all in its power to promote. These agreements
DAY BY DAY NEWS IN BRIEF ahould be valid for at least some
REPROVE THY FRIEND PRIVATELY; years to come. With this aim in
A workman at the Taikoo Docks view commercial, treation should COMMEND HIM PUBLICLY--Solon. yesterday. was injured through falling from a wooden stage while at work on Mr. B. W. Paul will speak on "The tho B.B. Tascal, Unseen World" at the usual weekly
publle lecture of the Hongkong Lodge,
1
not be terminated before the tariff negotiations are undertaken and then only after every effort has
Surprised by the inmates, a cat been made to reach agreements by The Theosophical Society, 17, Queen's burglar fell from the first flour of negotiation.e
Road Central, to-day at 8 pm. This No. 72, Yu Fook Bt., Samshulpo early Proceeding, he said the United will be the last publie lecture of the this morning, and was conveyed to Kingdom degolation. Aro strongly season. All interested will be Hospital suffering from severe in- in favour of the progressive aboil welcome.
juries.
Mr. Pryna Hopkins told a Press representative that the idea was concolvad eighteen months ago. "A prolliminary test was carried out on the students of the Univer alty," he said, "and as a result we decided to make this investiga- the secondtion. The results will be cara fully Atudod and ovary combina tion of opinion will be worked.
Nowson was sentenced to six months In the second division, and Whitelaw, Raffoni and Donyer to three months In division.
Maloy was fined £5 or 28 days. out."
ANNOUNCING
THE
W
SHOE
at $19.50 Per Pair. We have just unpacked a further consignment of the "W" Shoe.
Clients who purchased before have testified as to their remarkable wearing qualities besides retaining their Shape.
A large stock of Brown and Black Leathers in all sizes. and fittings are now on show. Price $19.50, 10% Discount for Cash.
Less
Real Zug Leather with Uskido & Leather Solos. FOR GOLF-PRICE $23.50—FOR WET DAYS. Solo Agents:
WM. POWELL, LTD.
THE GENTLEMEN'S HOUSE.
9, Queen's Road Central-Ico House Street Corner.
ARTS & CRAFTS
INTERIOR
DECORATORS
Sketches and Estimates Submitted free of charge
for interior decorations“, of private
and
residences public buildings
ARTS & CRAFTS
B
BAYER
4A, DES VOEUX-ROAD.
Telephone 24173.
When
overheated
you rested in light clothing! A cold will often follow.
At the first signs, such as headache
etc. take immediate- ly the reliable and well tolerated
Bayer ASPIRIN
SPIRIN
tablets in the original packing
with the Bayer Cross"
If it's Bayer it is good!
C.E.R. DISPUTE
· SOVIET · COMMITTEE TO NEGOTIATE
bassador to Tokyo), M. Kozlovsky (chlef of the Far Esütéra-Dipart- [ment of the Foreign Commissariat) and M. Kusenataov (abtiny: chief of the beard of directors of tho Moscow, June 14. O.E.R.) to carry on negotiationa The Soviet Government has ap-in the campaign for the anla ‘of pointed M. Yuronov · (Boviot Am-the O.F Reuter Spootal