HERE'S HEALTH!
IN A
WHITBREAD
The tang of the open air makes the Kentish hop flavour of Whitbread's Pale Ale exquisitely refreshing. A famous luxury world cruiser started her voyage with ten thousand bottles in store. It is popular in all climates, and never changes in brilliance and tone.
WHITBREAD'S
PALE ALE
WE OFFER YOU A BARGAIN
RCA-VICTOR MODEL R-73
AN EIGHT TUBE
SUPERHETERODYNE TABLE MODEL
WITH UP TO THE MINUTE FEATURES.
FULL SIZE DYNAMIC LOUDSPEAKER.
AUTOMATIC VOLUME CONTROL.
Price
45° DIAL FOR EASY READING.
BIG SET RECEPTION. $215.00 Not. Completely Installed and Serviced Free of Charge for Three Months. GOVERNMENT RECEIVING LICENCE
PROVIDED WITH EACH SET PURCHASED IN JUNE,
S. MOUTRIE & CO., LTD.
York Building.
Chater Road,
MOYADO.
AUTOMATIC
WINDING
WATCHES.
"FOR THE LADIES”
Exquisite Models for the handbag In a variety of fine natural feathers.
"FOR THE MAN”
A sound practical Model in Nickle-Chrome, and real leather covered.
Here's "THE TRavelling clock OF THE AGE" modo in Nickel-Chrome with a high grade 8 Days Swiss lever movement.
Watch & Clock Department.
CRAWFORD
LANE LTD.
THE HONGKONG TELEGRAPH. WEDNESDAY, JUNE 21, 1933.
THE
commerce. But nother the ene GROWTH IN UNIVERSITY The Very Idea!
nor the other policy has ruled in post-war world relations. The country which is most often criticised on this score, and not without justification, is the Unit ed States, where the tariff sys-
VAUXHALL too high for general
SYNCHRO-MESH
FAULTLESS GEAR
CHANGING
Now
BEING DEMONSTRATED
AT OUR SHOWROOMS
HONGKONG HOTEL
GARAGE.
Stubbs Road,
The
Hongkong Telegraph.
commodities to climb. As the
DELMENT.
A POPULATION OF 50,000 UNDERGRADUATES
College, London, and Durham, no
--
of
member-an ambition
WORLD CONFERENCES By Edward Kally, Economist.
Take this Economic Conference,
dollar. And
Why, it's all so simple that we'ro-
So many conferences are being held throughout bulk of the world's gold has been By The Right Hon. H. A. L. FISHER, F.R.S. the world these days, that they'll be hard put to it soon gravitating towards the United States, in payment for war debts It seems probable that the his-iments and purposes, the only to find names to give to the as well as for goods, one of the torian of the future will attach branches of learning in which it new ones that should be ex- fundamental causes of the special significance to University was possible to graduato at the modern languages existed; applied breakdown of the gold standard development, as peculiary charolder Universities. No schools of pected any day now. --
Probably in the near lies clearly exposed. The other acteristic of our age. He may even science, with all the expensive:
un- future we shall see the regard the past hundred years as paraphernalia entailed, was problem, of allowing gold to
even and
elementary announcement of a World Con- a golden ora in the annals of known,
in its scientific teaching was have an automatic effect on University educution.
foronco to devise names and infancy. prices is one of enormous 'com-
A comparison between the post-
One result of the revolutionary objects for other Conference. plexity. One of the first tion in 1860 with that which change which has come over the countries where gold was de- obtains to-day is in itself suf- whole intellectual conditions About the only Conference prived of this effect was the ficiently striking. In 1850, the the world has undoubtedly been they won't hold will be a Con- United States. During post-war University population of England that University education to-day ference to end Conferences.
and Wales may have amounted to standa for something far greater years credit and currency Bup four thousand, of which the in the national life than it has plies in the United for instance. About the only im- |been regulated with little regard bridge contributed the bulk-for teenth Century. To possess it has portant announcement that's been
becomo a national aspiration. to gold supplies. In the autumn | apart from King's and University Every family, whatever its social made so far is the one about the of 1927, the United States, Cniversity foundation then circumstances may be, is be- Dolegates from the sixty-eight realising the international re-existed south of the Cheviots, ginning to look upon a course at nations being asked to name their percussions of this policy, strove To-day the University population some University as a plum that favourite drinks, which are on the They call that being Economic. Phone 23124. artificially to expel its surplus of Great Britain numbers close may well fall to the lot of its most house.
upon 50,000, and fresh provincial brilliant gold. Rates for money were Universities and University col- cherished by almost every Scott-
offer the delegates when it be- cut in an effort to drive gold to leges have sprung up all over the lah peasant pater families from the We'd hate to think what they'll foreign centres which would pay mand for this particular form of
country, to meet the growing de- year A.D. 1500 onwards,
But these developments have comes an Extravaganza Con-- none the less brought in their ference, a larger interest on it. What higher education. }
train their own peculiar problems. Success or failure of the was the result? A speculativé
The question of specialisation, for movement gathered momentum This amazing progress is duc, example, has come to the front Economic Conference, we ard-told, in Wall Street, and the United partly to the development of Uni- with peculiar force. Ought all depends upon the stabilisation of
pound and States in 1928, accing the trouble versity extension, partly to the Universities to offer the same bill the that had been caused at home, great development of secondary of fare, or are they justified, while stability can only be achieved by
education as a consequence of the maintaining the ordinary courage credit. tried to reverse its policy. Then passage of the Education Act of' of study, in making some one sub- it was the turn of the world at 1902, and partly to the liberal way, ject their very own? In the case in a chronic state of amazement. in which after the War the of the English provinces, Univer- large to feel the change adverse-Government provided facilities for sity authorities would seem to that nobody has thought of the ly. Clearly the problem of University education to ex-Service have decided upon the latter way out yet. That is, nobody ex-
students thereby giving nation- course. Thus the University at pects us. MR. PITTMAN'S harmonising monetary policy at wide advertisement to the Idea of Sheffield, situated in the heart of All they've got to do is to re- SILVER SCHEMES
home with international policy academic studies. To-day, Oxford the metal industry, specialises in
and metallurgy. verse the present order of things.. Is a difficult one, as President and Cambridge have become more engineering
28 distinct Leeds in textiles; Liverpool in As a ease in point, suppose you are Senator Key Pittman has
Roosevelt found immediately than over national,
from local, centres of knowledge, tropical medicine; Reading, in going to Happy Valley or Macao Under the present struck his blow for the re-there came the suggestion from and Oxford, in particular, has be agriculture; whilst the Birming for the races.
almost cosmopolitan in ham undergraduate may be offered order of things, you go into the habilitation of silver. The rest London that the dollar be tem- como
character.
a course in browing.
pari-mutuel and give the clerk is on the lap of the gods. There porarily stabilised. Unregulated
But the change in the composi-
five bucks. Why? is nothing revolutionary about anarchy in the money world his proposals. He envisages the must go on until such problems creation of an
by international are settled currency standard, requiring a formulation of rules which will lower cover than is legal to-day prove acceptable to all countries, and based partly upon gold and or by a complete breakaway the present financial partly upon silver, in the ratio of from eighty per cent. gold to twenty system. The World Economic Conference seeks an acceptable per cent. silver. Mr. Pittman also feels the need, as he has al-formula which will permit an in- ways done, for some check upon ternational currency standard to
After all, the ultimate aim and India's sales of surplus silver work within the classic lines. and appears to be offering a quid It is a problem which may yield
object of a University education is to cooperation and a temporary
to educate him as a citizen, and, to it a man for his chosen career, pro quo, to some extent, in the adjustment to avert world- men." The other half come from furthermore, to enable him to form of control of sales by pro-wide disaster,
It simply amounts to a reversal' make a noble and a profitable use ducers. But essentially there firmly convinced that it can
of his leisure time-an ideal which of the present chit system. Of is little in his proposals which only be temporary-and-that
differs in no-essential-from-the course, there would be one or two drawbacks, as for instance, with goal of education in general. will obviate the difficulties asso-security for the future will
shroffs. Under the clated with the working of the lie only in definite planning oversen. In the case of the pro- take to lower the standard of chase us. Under our system we It would, I think, be a grave mis- capitalistic system the shroffs during the respite thus gained, gold standard since the war. the transition period, so to the proportion of students drawn admission to Universities, for it is would have to chase them. But Gold has heaped up in some speak, for transforming the from State-aided schools is,
important to realise that many don't let that worry you. man and women, well-fitted though countries, notably France and entire economic system, for course, then more,marked.
they may be to play a leading part the United States, and has been introducing the changes which
in the world's affairs, are none the wrested from the others. Re-jare essential to the world's.
less constitutionally and mentally ducing the legal requirements of modern needs.
unfitted to benefit to the full by a
WEDNESDAY, JUNE 21, 1933.
either
but we
Pearl Buck, and Confucius
tion of our University population This degree of differentiation
Under our system the clerk is, in many respects, even more appears to me all to the good, part would work out before the raco the remarkable than its numerically on grounds of economy and what the horse would have paid if Cambridge were reserved 40 partly because it increases the he won, and instead of you giving for individual's chance of hitting upon him five bucks, he would give you Anglicans, who were in point of some sphere of interest which he the amount of the bet. If Thres-- from the may make definitely his own, and legs, or whatever's the name of the fact mainly drawn territorial class and were distinct in which, with the aid of hard horse you back, loses, you try ly for the Church, the Bar, or a work and concentration, he may again. If you don't pick a winner political career. The expanding hope to win his spurs. For this all day your credit is automatical- business world of the North was, very reason, among many others, I
ly extended, .' to all intents and purposes, com- defend the classical tradition and pletely severed from all connec discipline, which have always been tion with University life. To-day, associated with Oxford, it is probable that evan at Oxford and Cambridge derglaunts per cent. of the are what is known as "Public School are secondary schools, many having
won their way through from ale mentary schools with the aid of scholarships, whilst a considerable percentage of students hail from vincial and Scottish universities
a gold cover to twenty-five per cent. will not assist those count- ries who do not possess even a modest five per cent. Just 28 the gold standard has broken Pearl Back, author of "The down, so will a gold-silver stand-Good Earth," who lived for years in China, seems to have acquired ard break down, unless steps are something of the Chinese way of taken to guarantee that the thinking in spiritual matters. currency backings shall be kept She is telling eastern audiences freely in distribution, instead of that Confucius means as much being tied up, frozen, in bank to her as Christ. "The Confuc- vaults. The classic method of ian concept of the superior man," operating the gold standard she says, "cannot pass from earth." There are many well- which must equally apply to any read people of the Occident who other satisfactory standard may have a high regard for Con- be explained briefly. A creditor fucius and his teachings, but few nation imports gold by way of would say with Mrs. Buck that finally balancing its claims on they mean as much to them as the world. That gold (or silver) Christ and his message to the goes into circulation, not in its world. Our thinkers do not re- metallic form, of course, but in gard the philosophy of Confucius as very deep, though its ten- credit and currency. Eventual-dency is good and ita tenets ly the expansion of money in apply strongly to the common circulation leads to higher intercourses and amenities of prices. These then attract life, being practical and livable. But these ethical teachings do goods from abroad.. And to pay not constitute a religion, nor did for the goods, the gold (or Confucius make any such pre- silver) is re-exported. Thus the tence. Confucius applied him- metal is kept on the move, self to the problems of this world facilitating the growth of com only and let the next take care merce, acting as a medium of of itself. There is nothing in the writings of Confucius to exchange. Such an arrange match the Sermon on the Mount. ment clearly demands that tariff Christ was democratic, Confus and monetary policies should bo cius was a royalist, giving strong attuned to international acquire sanction to the despotic govern- ments, Incoming gold must be mont of his time. This is ono allowed to have its eff
effect on
reason why, in the Chinese Ro- public of to-day candidates for prices. Goods must be allowed office are no longer required, as to be imported for the purpose formerly, to pass a rigid examin- of restoring the metal to world ation in the "nine classics."
•
of
Our system would be extended to banka, too. Instead of us go- Hongkong and Shanghal Bank for ing along to the Manager of the the loan of a measly ten bucks, he offer of a loan at reduced interest., would chase after us with the
present
What the world needs to-day is
nt man of initiativo the holm. Men who, with their feet placed firmly to the ground, will not lie down on the job. Let us stand
Step by step, with these changes in population and personnel, there has been a correspondingly vast University education. To thrust back to back and face the position. development in "new knowledge" it upon them "would be a and facilities. In 1850 classics waste of their own time, and of and mathematics were, to all that of their instructors.
"
Oh, Horado, John is giving me trouble again. He's' junt Come home from school, and he has some girl with him' to whom he's just boon married.
moro
Inter-
The Aegean stables Of national politics must be cleaned by the hose of the public.
་
WITH INFINITE PRECAUTION.
Silently Pete awayed up tho path to the front porch. Now whore wash thash key? He hunt- ed in his pockets. Five minutes later he found it and groped for. the keyhole. Ten minutes inter he found same, and turned the key in the lock. What a noise it made.
He hoped SHE was asleep! Cautiously he opened the door, took off his boots, and crept inside. Behind him the door closed with a bang. He nearly collapsed: with apprehension. Had that awaken- ed her?
Still no sound from above. His fuck must be in to-night.
With boots in band he slipped upstairs in his stockinged feet. He pushed open the bedroom door, and crept in, ***
"Still no sound from tho' wito.
He did not turn on the light. Carefully and fearfully he found his way to the side of the bed, undressed In silence, and groped under the pillow for his pyjamas. Then he slid stoalthily into bed, trying not to shake it. With a sigh of relief he collapsed on the. pillow.
Still no sound from HER. Tru- ly his luck was in.
Ho lay for a while and-listonod. Everything was quiet, He, could not hear her breathing. What was wrong? Ho put out his hand and felt. Nothing there. What had happened? Had sho" run away at last! Then he remem bored.
His wife was spending the wook-end at Repulso Bay