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THE HONGKONG TELEGRAPH.
THE
VAUXHALL
SYNCHRO-MESH
FAULTLESS GEAR
CHANGING
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· HONGKONG HOTEL GARAGE
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The
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WEDNESDAY, JUNE 21, 1933.
WEDNESDAY, JUNE 21, 1933.
one
commerce. But nother the are GROWTH IN UNIVERSITY The Very Idea!
nor the other policy has ruled in The post-war world relations." country which is most often criticised on this score, and not without justification, is the Unit- ed States, where the tariff sys- tem is too high for general commodities to climb. As the
gravitating towards the United
DEVELOPMENT
A POPULATION OF 50,000 UNDERGRADUATES
*
WORLD CONFERENCES By Edward Kelly, Economist.
So many conferences are being held throughout
they'll be hard put to it soon the world these days, that to find names to give to the branches of learning in which it new ones that should be ex- was possible to graduate at the modern languages exlated; applied Probably in the near tho older Universities. No schools of pected any day now.
un-future we shall see science, with all the expensivo
and avon elementary announcement of a World Con- paraphernalia entailed, was known, aclonifle teaching was
ference to devise names and Infancy,
in
Its
bulk of the world's gold has been By The Right Hon. H. A. L. FISHER, F.R.S. States, in payment for war debts. It seems probable that the his- intents and purposes, the only as well as for goods, one of the torian of the futuro will attach fundamental causes of the special significance to University breakdown of the gold standard development, as peculiary char- les clearly exposed. The other acteristic of our age. He may oven problem, of allowing gold to regard the past hundred years as a golden ora in the annals of have an automatic effect on University education. prices is one of enormous com-
A comparison between the post- plexity. One of the first tion in 1860 with that which One result of the revolutionary objects for other Conference.
change which has comà over tha
About the only Conference countries where gold was
de- obtains to-day la in itself auf- whole intellectual conditions of |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.
Take this Economie Conférence, and Wales may have amounted to stands for something. far greater years credit and currency sup-four thousand, of which the in the national life than it has plies in the United States have Universities of Oxford and Cam- done since, perhaps, the Thir- for instance. About the only Im bocomo 0 national aspiration. made so far is the one about the been regulated with little regard bridge contributed the bulk-for teenth Century. To possess it has portant announcement that's been to gold supplies. In the autumn apart from King's and University Every family, whatever its social Delegates from the sixty-eight
College, London, and Durham, no of 1927, the United States, other University foundation then circumstances may be, is bo- 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
of Great Britain numbers closa may well fall to the lot of its most house.
brilliant member-an ambition They call that being Economic. Phone 23124. artificially to expel its surplus upon 60,000, and fresh provincial cherished by almost every Scott We'd hate to think what they'll
gold. Rates for money were Universities and University col- cut in an effort to drive gold to leges have sprung up all over the lan peasant pater familias from the offer the delegates when it ba an Extravaganza Con- foreign centres which would pay mand for this particular form of
But these developments have comes country, to meet the growing de- year AD. 1600 onwards..
none the less brought in their ferenco,
Succosa failure
Or
of the a larger interest on it. What higher education.
train their own peculiar problems. was the result? A speculative
The question of specialisation, for Economic. Conference, we are told, movement gathered momentum This amazing progress is due, example, has come to the front
pound and dollar. And in Wall Street, and the United partly to the development of Uni- with peculiar force. Ought all depends upon the stabilisation of
versity extension, partly to the Universities to offer the same bill the States in 1928, seeing the trouble great development of secondary of fare, or are they justified, while stability can only be achieved by that had been caused at home, education as a consequence of the maintaining the ordinary courses credit.
Why, It's all so simple that we'ro tried to reverse its policy. Then passage of the Education Act of1of 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 authoritica 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 polley at wide advertisement to the idea of Shefeld, situated in the heart of All they've got to do is to re- home with international policy academic studies. To-day, Oxford the metal industry, specialises in verse the present order, of things.
metallurgy. SILVER SCHEMES
is a difficult one, as President and Cambridge have become more engineering
distinct Leeds in textiles; Liverpool in As a case in point, suppose you are than ever national, RA Roosevelt found immediately Senator Key Pittman has
from local, centres of knowledge. tropical medicine; Reading in going to Happy Valley or Macao struck his blow for the re- there came the suggestion from and Oxford, in particular, has be-agriculture; whilst the Birming for the races. Under the present 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
pari-mutuel and give the clerk five bucks. Why? is on the lap of the gods. There porarily stabilised. Unregulated
But the change in the composÏ- is nothing revolutionary about anarchy in the money world tion of our University population This dogrco of differentiation
Under our system the clerk. his proposals. He envisages the must go on until such problems 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 either by creation of an international are
growth. In 1850, Oxford and 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 currency standard, requiring a formulation of rules which will Cambridge lower cover than is legal to-day prove acceptable to all countries, Anglicans, who were in point of some sphere of interest which be the amount of the bot. If Three- and based partly upon gold and or by a complete breakaway fact mainly drawn from the may make definitely his own, and logs, or whatever's the name of the territorial class and were distinct in which, with the aid of hard horse you back, loses, you try the present financial
ly for the Church, the Bar, or a work and concentration, he may again." If you don't pick a winner partly upon silver, in the ratio of from eighty per cent. gold to twenty system. The World Economic political career. The expanding hope to win his spurs. For this all day your credit is automatical- per cent. silver. Mr. Pittman Conference seeks an acceptable 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 also feels the need, as he has al- formula which will permit an in-pletely severed from all connec discipline, which have always been ways done, for some check upon ternational currency standard to tion with University life. To-day, associated with Oxford,
After all, the ultimate aim and Indin's sales of surplus silver work within the classic lines. It is probable that even at Oxford and appears to be offering a quid It is a problem which may yield and Cambridge barely ter object of a University education is cent. of the undergraduates are to fit a man for his chosen career, to cooperation and a temporary what is known as "Public School to educate him as a citizen, and 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, but we are secondary schools, many having make a noble and a profitable use ducers. But essentially there firmly convinced that it can won their way through from ele- of his leisure time an ideal which is little in his proposals which only be temporary and that mentary schools with the aid of differs in no essential from the will obviate the difficulties asso-security for the future will scholarships, whilst a considerable goal of education in general,
percentage of students hall from ciated with the working of the lie only in definite planning oversen. In the case of the pro- during the respite thus gained, vincial and Scottish universities gold standard since the war.the transition period, so to the proportion of students drawn Gold has heaped up in some speak, for transforming the from State-alded schools in, countries, notably France and entire economic system, for course, then more marked. the United States, and has been introducing the changes which wrested from the others. Re-lare essential to the world's ducing the legal requirements of modern needs. ·
a gold cover to twenty-five per cent. will not assist those count-
settled
Pearl Buck and Confucius
ries who do not possess even a modest five per cent. Just as the gold standard has broken Pearl Buck, author of "The down, so will a gold-silver stand-Good Earth," who lived for years ard break down, unless steps are in China, seems to have acquired 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,” "cannot pass from she says, operating the gold standard
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 fow 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 tho world. Our thinkers do not re- goes into circulation, not in its
gard the philosophy of Confucius metallic form, of course, but in as very deep, though its ten- credit and currency. Eventual-dency is good and its tenets ly the expansion of money in apply strongly to the common circulation leads higher intercourses and amenities of prices. Those then attract life, being practical and livable. But these othical 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, Confu- and monetary policies should be clus was a royalist, giving strong attuned to international acquire sanction to the despotic govern- ments. Incoming gold must be ment of his time. This is one allowed to have its effect on reason why in the Chinese Ro- public-of-to-day candidates for prices. Goods must be allowed office are no longer required, na to be imported for the purpose formerly, to pass n rigid.examin of restoring the metal to world ation in the "nine classics."
to
character.
wero reserved
•
*
of
and
a course in brewing.
Our system would be extended to banks, too. Instead of us go- Ing along to the Manager of the Hongkong and Shanghai Bank for the loss of a measly, on bucks, he would chase after us with the offer of a loan at reduced interest.
It simply amounts to a reversal of the present chit system. Of course, there would be one or two drawbacks, as for instance, with shroffs. Under the present capitalistic system the shroffs chase us. Under our system, we would have to chase them. But don't let that worry you.
It would, I think, bo a grave mis- take to lower the standard of admission to Universities, for it is Important to realise that many man and women, well-fitted though
What the world neods to-day is they may be to play a leading part men of initiative at the helm. in the world's affairs, are none the Bien who, with their feet placed. Step by step, with these changes less constitutionally and mentally armly to the ground, will not lie in population and personnel, there unatted to benefit to the full by a down on the job. Let us stand has been a correspondingly vast University education. To thrust back to back and face the position. of Inter- development In "new knowledge" it upon them would be a mere The Aegean stables and facilities. In 1850 classics waste of their own time, and of national politics must be cleaned and mathematica were, to all that of their instructors.
by the hose of the public.
"Oh, Horace, John is giving me trouble, again. Ho's Just tome home from school, and he has some girl with him to whom ho's just boon married?"
*
*
WITH INFINITE PRECAUTION.
Silently Pete swayed up the path to the front porch. Now where wash thash key? He hunt- ed in his pockets. Five minutes later he found it and groped for. the keyhole. Ten minutes later ho found same, and turned the key in the lock. What 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 hor?
Still no sound from above. His luck must be in to-night.
With boots in hand he slipped upstairs in his stockinged fest. Ho pushed open the bedroom door, and crept in..
Still no sound from the wife, 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 sild staalthily into bed, trying not to shake it. With a sigh of rollef ho collapsed on the pillow..
Still no sound from HER, Tru- ly his luck was in.
Ho lay for a while and listened. Everything was quiet. He could not hear hor breathing. What was wrong? He put out his hand and felt. Nothing thero. What had happened?' Hnd "aho run · away at last? Then he remem bored.
His wife was spending wook-end at Ropulso Bay.