CHINA'S HIGH HOPES
SOONG OFFERS A KEY TO ECONOMY RECOVERY LONDON ADDRESS
London, June 15. Mr. T. V. Soong, China's chief delegate to the World Econo- mic Conference in London, told the nations' representatives assembled there that it was in the East where the world would find the key to the puzzle of modern economics, when he spoke to the assembly yesterday,
and
China had entered the Con- was more like seven shillings, and ference with the earnest desire this in a country of virile, indue- to co-operate with the rest of the trious people, comprising on world in securing a real and fifth of the human race, Insting solution to the world endowed with Immense, though economic crisis, he declared.
undeveloped, natural resources. The problems were difficult but not beyond human solution if approached in the right spirit and with the necessary determination. asked.
Rich Potential Market.
What followed from this? he Firstly, surely, if the A great responsibility rested with standard of living in China was the nations' delegates; for the re- rained "as we mean to raise it," wards of success and penalties the consuming power will not only of failure were alike incalculable, absorb China's own industrial pro Mr. Soong said.
duction but provide the greatest Failure of the Conference would of all markets for the world--so not only prolong the depression, great as to be a decisive factor in but would profoundly discredit the new era of prosperity. those men now charged with the responsibility of governing the world; while success would bring an era of greator and more stable prosperity.
Stating the general lines of the
Next, China offered the greatest possible opportunity for the pro- ductive employment of capital- Western and Chinese capital to- gether.
THE HONGKONG TELEGRAPH. FRIDAY, JUNE 16, 1933.
Plen For Disarmament.
| able to take care of all loans con- Chinn's generat line of co-opera- behind the polley of economic tracted by China before the|tión - which the nation wished to devolopment which I have now des- formation of the National Govern- pursuó, Mr. Soong pointed out | tribed." |ment of 1027. Some of them are that a fow people in China and a In default, but our position doos largo ́number.in' other Asintic suggest that if the Chinese Gov-countries, bolleved that Asia had China was convinced that by ernment, has been able to carry on little to learn and nothing to fear basing A reconstruction · pro-| in face of national calamities, In- from the West, and urged a com-gramme on these principles sho ternal difficulties, world-wide bination of Western technique | would obtain the greatest possible economic crises and foreign in with the low Eastern standards of help in her own progress and vasion, without borrowing, it living, contonding that they there- | provide a great new market, whose should not prove an insuperable by could capture the markets of potential consuming power might tank to compose her just obliga-the world. The people would ex-
prove a decisive factor in effect. tions once thene difficulties are cludo Western co-operation In the ing a real and lasting recovery of partially or entirely removed." name of "Aula for Asiatica,” and a the world as a whole,
so-called "Monroe Doctrinė for Asin,” He sald such doctrines were allen to China's conceptions of international Intercourse,
An Immense Labour.
desire
་
·
Ho concluded by saying that while the conference naturally confined its discussions to pro-
Colleague's Praise.
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ALSO
ON THE SCREEN
THE CAT CREEPS" IRON MAN”
China, he reminded the Con-
blems of an economic and ference, had also carried out the "We do not propose to follow monetary nature, they were enormous work of reconstructing them. We reject either national actually linked with problems of particularly the the dykes of the Yangtze River,ur regional isolation," he went ou disarmament, This work had been supervised by the settled aim of my destroyed by the floods of 1931. "This, then, is our policy. It is question of national security, and Govern. It was hardly possible to keep 4,000 Chinese engineers and tech- ment to develop China's consuming them in separate, watertight com- niclans, having at one time under power. We mean to so reorganise partments. their orders 1,400,000 workers. the country that we can raise tho "Wo indeed would be lacking a Five thousand miles of om-standard of living. Economie de-sense of reality if we imagine the bankment had been bullt, with velopment and the exploitation of success for which we ardently dykes so strong that the 1932 mutual resources are our constant hope can be lasting if no antis- foods had made no single breach preoccupation. We in them, and the area devastated achieve this by some means which the problems of disarmament and to factory solution is found, also, for by the floods of 1931, the home of will advance international co-security. 43,000,000 people, last year had operation, and benefit therefrom. had bumper eropa. He was glad We will welcome Western capital that the League of Nations, which had provided the Chinese with end skill, and desire to maintain
London, June 15. valuable technical advice in re-vent the entry of foreign goods," Reuter said he felt that Mr. a fiscal policy which will not pre-
Dr. W. W. Yen, interviewed by gard to this problem, was also Mr. Soong declared. helping them in other economic
Soong's speech was certainly along problems.
Freedom of Tariff.
the right lines. If every delega- tion stated precisely the steps it Hopes For Sliver.
Mr. Soong recalled that it was intended to take to solve its own Referring to the silver question, some years since China had been National problems, Instead of talk- Surely it should not be beyond Mr. Soong said the Western world relieved from antiquated treatying airily, of the world's problems, policy whereon China was pr the statesmanship of the world to was experiencing difficulty in restrictions and had secured full the Conference was certain to pared to co-operate with other and some form of method that its managed currencies, which tariff autonomy. He said she had arrive at concrete results. Countries, and the specific contri-would satisfy the ideal of the fluctuated in relative value from not used that freedom to build
He emphasised that China. Was bution China could bring Mr late Dr. Sun Yat-sen, securing on day to day, thereby dislocating up a protective tariff wall. On
14 vaat
field potential Scong rocalled tho cardinal the one
hand the political and foreign trade. They were seeking the contrary, she had desired to economic recovery, the overflow factors of China's position.
Conference to overcome see the world as an economic unit, from which would react favour- economic independence of China, at this
cach country should
ably on the outside and on the other hand, affording these difficulties. The Chinese whereby Vestern capital, Industry and had similar difficulties, because, develop along the lines best suited Capital, was necessary before the commerce a profitable field for although the Chinese currency to the genius of its population and of its resources,
economic renaissance of China development.
was metallic. and unmanaged, the nature Dealing with China's contribu- there had been violent fluctuations rather than pursuing a will-o-the- could be carried very far, but he was convinced that China was a anyhow. tion in policy and action, Mr. in the price of silver in relation wisp of economic self-sufficiency. good investment and Soong emphasised that it was the to gold and non-gold currencies. China's tariff rates were lower foreign investors could obtain Contrasting the development of first taak of euch Government to Silver was now at the lowest than those of most countries. suitable guarantees, the terms of
which could be settled later. China with that of the United establish its own system soundly price, and personally he hoped, The duties imposed States, for example, Mr. Soong and its next task
while other commodities should purely fiscal purposes and anyone Router. pointed out that China to-day had with others in a sound world rise in relation to gold, silver who know the difficulties of direct
Cole was still living at her house, 7,000 miles of railways against policy.
would do so also,
Mr. Justice Langton, in the but he was dying of cancer. 275,000 in the United States and
Mr. Soong pointed out that a
Divorce Court recently shortened
Mr. Justice Langton said he took. 20,000 miles of motor
INQUEST VERDICT reasonably stable value for silver
the usual period-alx monthe-for a serious view of cases of that kind, In the midst of difficulties which was more important than to in against 3,000,000 miles.
China had placed such ON LATE MR. CUFF. making absolute a decree nisi so but this appeared to be one of ex- forms of industrial and commer- he did not need now to describe, crease the value of the metal, and restrictions on trade such as
that a woman who petitioned for tenuating circumstances. The clal development were just as he thought the Chinese had reason he hoped, therefore, that while quotas, had imposed no exchange Sitting as Coroner at the Kow-divorce may marry a man who was King's Proctor's intervention was disproportionate.
to be proud of certain achieve stabilisation was sought for gold restrictions, despite the slump of loon Magistracy yesterday after stated to be dying of cancer at her justified and would be allowed with The foreign trade of China had ments of their present adminis- currencies, it would also be found silver and the difficulties thereby noon, Mr. Butters conducted an house. been increasing but was still triflingtration, supported by the people. | for silver, which was the currency created for the Government. enquiry into the circumstances at The matter came before the court He would, however, exercise the in relation to her population, They had balanced the 1932 bud- of China's vast population, as well "Wo shall adhere to the policy of tending the death of Mr. W. 8. on the intervention of the King's discretion of the court in Mrs. reaching, according to the wet, carried through successfully as being of great interest to the freedom from artificial restrie- Cuff, whose body was discovered at Proctor in the undefended petition Lye's favour and allow the decree.
1932 figure, $4,000,000,000 in the conversion of their internal almost equally vast population of tions in the firm belief that we King's Park on the morning ̧ ́of of Mrs. Emily (Frances Lye, of jnisi to stand. Chinese currency. There were debt.
India.
thereby not only promote the in- June 1,
Woodstreet, Bath, who at Bristol So that she might marry Cole delegates present from countries "On the question of debts, Mr.
terests of China and the World, After a consultation, the jury Assizes on March 16 of last year before he died the decree would be whore foreign trade amounted to Boong said "I do not wish you!
but also further the broad social returned a verdict of "Suicide in a was granted a decree nisl because expedited and ninde absolute forth- nearly £150 per family. China's to Infer here that we have been
the subject of and political purpose which lios fit of temporary Insanity.”
of the misconduct of her husband.with.
Striking Comparison. In other countries they saw overproduction, a surplus, a glut In China was a scarcity, under- development, and paucity of means for purchase,
roade Other
、།
to
co-operate
A Proud Record.
•
Different Doctrines. Turning to
were for
taxation in China would under- stand why the tariff revenue was important.
no
for
world.
A Universal Picturo. DOUBLE ATTRACTION Prices As Usual.
WIFE TO MARRY DYING MAN
JUDGE EXPEDITES
DIVORCE
The King's Proctor alleged that Mrs. Lye did not disclose to the court har misconduct, with a man named Alfred Cole, by whom sho had a child in 1916.
Mrs. Lye, who asked for the dia- cretion of the court in her favour, admitted the allegations.
costs.
SALESMAN SAM
WELL, FER GOSH SAKES, LOOK JAT THAT GUY! HE DOESN'T KNOW
"TH' FIRST": "THING ABOUT SAWIN'
WOOD!
EXCUSE ME, SIR, BUT "TH' WAY YOU'RE SAWIN' THAT LOG IS
RATHER AWKWARD — WOULDN'T YA LIKE TO HAVE ME SHOW
YA HOW IT'S DONE?
By Small
SURE! YOU THIS IS LOTS EASIER THAN YOUR WAY! KIN EVEN SAW IT FOR ME, IF YA WANNA!
...
OH, YEAH?
HA
HA
REQ. U. 8. PAT, OFF.
WHAT? YA DON'T MEAN) I'LL SAY THEY HAVE!
TO TELL ME ALL MY. EFFORTS HAVE BEEN
IN VAIN
(I'M GONNA STICK TO MY WAY, WHICH IS SAFER AND MORE
NATURAL FOR ME-
TAP TAP
I'M A BASS FIDDLER,
SON!
10 1839 BY MEAṀSS
THE RIDDLE GRIDDLE
ALESMÁN SAM SERVES SOME CATCHY CONUNDRUMS, HOT OFF THE FIRE!
1.WHY IS A CANDLE WICK LIKE THE CITY.
OF ATHENS?
•2. WHAT IS IT THAT IS NEVER BOTHERED BY
THE DIRT THAT GETS IN ITS GYES? WHAT IS THE HIGHEST BUILDING IN EVERY TOWN? (BE CAREFUL THIS ONE'S TRICKY)
THERE YOU ARE! GO AHEAD! MILL'EM OVER AN' SEE IF YOU CAN SOLVE 'EMİ
THEY'RE NOT SO HARD IF YA
JUST PUT ON THE OL THINKIN
CAP
THE ANSWERS TO THE ABOVE WILL BE PRINTED NE
WATCH FOR
RIDD
He