COW AND GATE
BUILDS HEALTH AND HAPPINESS! The first nine months of a child's life aro the most critical. Take no risks got COW & GATE NOW.
COW & GATE MILK FOOD
Sole Agents.
A.S. WATSON & CO., LTD.
PIANOS
FOR
HIRE
WE OFFER YOU REASON-
ABLE RATES—FIRST CLASS
INSTRUMENTS-AND
REGULAR SERVICE.
S. MOUTRIE & CO., LTD.
York Building,
Fur : Trimmed Coats
Trimmed with fur
with skirts to match,
this assortment of new arrivals is as- toundingly smart.
Chater Road,
In the smartest array of styles and colours we have yet had the pleasure of present- ing.
Swagger Coats
FOR ONE WEEK ONLY Red, Green & Blue Leather Gloves
Reduced to $9.75
Tha
Ladlos
Salon.
LANE, CRAWFORD, LTD. Pos
'Phone 28151.
THE HONGKONG TELEGRAPH. FRIDAY, OCTOBER 13, 1933.
USED CARS
The following are available. Inspection and trial invited:
MORRIS OXFORD TOURER Good running order $450 CHRYSLER TOURER
Good mechanical
condition
CHRYSLER ROADSTER
With Dicky Scaf
$550
$1,500
Excellent condition $1,750 HUDSON TOURER
Porfect order ERSKINE SEDAN
Excellent condition $1,600
$650
ESSEX TOURER
Good mechanical
condition STUDEBAKER TOURER
Excellent condition $1,650
HONGKONG HOTEL
GARAGE (Show Room) STUBBS ROAD Tel. 27778-9.
MARRIAGE.
The
NOTES OF THE DAY
WATER SUPPLY:
The deal of making the local water supply self-supporting is one which naturally commends it- self as only reasonable. Where special and expensive efforts are necessary to guarantee any supply at all, it is a corollary that the public should expect to pay more
THE ECONOMIST IN HUMAN SOCIETY
Rival Gangs of Practitioners
By STEPHEN KING-HALL
The Very Idea!
TALK OF LUCK.
By Eddła Kelly, Man Friday..
WE want to warn all our
Public about being careful to-day. We never thought about it ourself un- til we sprang out of bed this morning and bumped our big toe on the bed post. And then we remembered.
Readers, do you know
than in centres where problems TF on September 8, 1827, one of Events will, I suggest, prove to are negligible. At the same time,
your ancestors had felt rich Congress that nowadays we are all wo doubt if H.E. the Governor's hint that an end may come to free enough to spend the sum of seven-ieighbours and brothers in the water will be received with nny-Pence on a copy of The Evening economic sense,
This reflection brings me to the thing but alarm, even if it is Standard, ha would have read practicable, which is questionable, these words in the leading article: It would, perhaps, be fairer to "Henry Drummond, Eaq, of Allary question of the position of the await further details before com- Park, Surrey, was two years ago economist in human society. The mitment to condemnation, but, in foul enough to found in the Univce status of the economist depends up what to-day is? Do you the meantime, it may be pointed sity of Oxford a professorship of on the degres of well-being of the out that the Colony is paying political economy. There is no economic system. When the world know what could happen to pretty well through the nose for such clenco. All persons who is sick, as it was
soon after tho
Its existing service, having re- profess this non-existing science Napoleonic Wars; as it has been you to-day? gard to its irregularity. Next and practiae quackery under its since 1919; and as it probably will
Take a look at the day and year'a budget provides for revenue name are mischievous. There can be in 1940, men cry aloud for their
to be added the quota credited to water under the heading of as8288- ment taxes. Even taking into account all the capital spent on spent at reservoirs and to be Shing Mun, the return docs
not
character, one school of economists
of $2,000,000 in direct payments over be a science of political economists. With spoonfuls of date at the top of this page, for water and to that figuré hau economy, of trus political economynauscous remedies of a deflationary and then see if you can re-
thore is but one system-the Bible.
There is a great deal of sound gather round the hard and lumpy frain from shivering. economic teaching in the Bible and Lied which mon have made for them.
Anything could happen to- some very interesting economie selves during war years. Some of history. You will recollect that the foul medicine is forced down day. Quite likely our ac- Pharaoh, King of Egypt, had a the patient's throat. nightmare and that he sent for Joseph, expecting no doubt to hear soma paycho-analysis. But Joseph --like many a Jew since was and homeopaths of economic ten-find out where we were on economist, and he gave Pharaoh'a brief lecture on the trade cycle and violent purges administered by the Tuesday night; our boss will the sequence of boom and slump. orthodox practitioner are out of decide that now is the time to He wont further, and, with a cour-date, and that recovery can and reduce our salary, or our beer
must be achieved through the might go sour. stimulus of a few injections of in-
acem unhandsome.
TRADE OUTLOOK
age which Mr. Keynes would ap plaud, he recommended a policy.
•
A rival gang of practitioners, count will be finally stopped whom the orthodox describo as at the hotels, our wife will pseudo-economists-the osteopaths
ching-assure the invalid that the
The Hon. Mr. Kotowall's plea for a spirit of confidence, during his Budget speech yesterday, will bo received sympathetically. There is little ground for optimism
Alation. Yet the patient have faith You can never tell what trage- in commercial circles at present, however; trade is ateadily de- It was a proposal to inflict a plan- and say firmly: "Prosperity ladies will happen on Friday the
13th. clining and, as Government con- ned economy on the Egyptians fa just round the corner," and the
Not that we are superstitious. fesses, there is little that can be the shape of a far-reaching degree corner will disappear,
From one cause or another-pro- We can walk under a ladder with done locally to Improve the situn-of State intervention into economic tion. Wo are dependent upon the life, including State control of one-bably from the Innate vital of the best of them, and if a black
Canton, Chinn fifth of the arable land. Mr. Waiman's economic system, which sur-
Hongkong Telegraphing to spend. Economy is not the moment of writing. To go of the clamorous public. From buck at, and that's a Friday
FRIDAY, OCTOBER 13, 1933,
lative
DONALD-THOMAS-On October 12, 1933, at St. John's Cathedral Hongkong, by the Rev. N. V. Halward, M.A., Frances Ellen, elder daughter of Mr. and Mrs. J. A. Trevor Thomas of Shanghai, to Francis Henry, youngest son realisation in of Mr. and Mrs. Andrew Donald generally indeed, that there is a ter Elliott's plans to make bigger vives both inflation and deflation cat walks across our path we of Tintagel Cornwall, and stage where increased customs and better British farmers are a recovery sets in. The slump kick it out of our way. In fact, formerly of Shanghal.
duties result in decreasing. re "very small beer" compared with passes away and is forgotten in the where superstition is concerned, venue, and upon the world out Joseph's ambitions. And what is joy days of the boom, of rising we feel as reckless as a Japanese side for a boost in business all moro, Joseph got away with it, prices. The company promoter general who sends his washing
well, it looks blows his brightly-coloured bubbles, to a Chinese laundry. round. Hongkong can help itself whereas Walter..
But there's one thing we do one way only, namely, continu- to mo like an even money bet at which float invitingly into the hands wise at all times; if overy in back from 1950 to B.C, 2,000 odd, New York comes the glad news; when it falls on the thirteenth.. dividual member of the community not only did Pharaoh accept "The tipe Is behind the Floor." drew in his financial horns at the Joseph's "Seven Year Plan," but he It is roses, roses all the way. This That's the day we were mar- same time, even existing business antrusted the Hebrew with its is when the orthodox economists ried. would be impossibly handicapped.exccution so that Joseph rodo in shrink back into their academic
OUR ANNIVERSARY the second chariot-"and they cried obscurity like dwls driven off at THE BUDGET
before him, Boy the knee; and he the dawn of day. The merry mar
The Very Idos celebrates its AUSTRIA'S FUTÜRE
(Pharaoh) set him over all the kets and the frisky bulle pay no DEBATE
land of Egypt. And Pharaoh said attention to the lugubrious hoot of birthday to-day, so just to sco Austria has plainly begun a new unto Joseph, I am Pharaoh, and the wise owls, that after the day what kind of a damfool we've Unofficial members of Leigis-chapter in its checkered history without thee shall no man lift up comes once again the darkness. made of ourself during the past There is, in fact, a trade cycle twelve months we've been thum Council carned the It has joined the ranks of Fasclet his hand or his foot in all the land
In economists. They slumped very bing through some old copies of
the Telegraph.. thanks of the community yester dictatorships. But it is well to of Egypt."
make distinctions, for various Truly those were great days for badly in the early 'Eighties, as may day. The Budget debate was brands of Fascism have cropped the science of political economy, and be seen from the proceedings at In view of the fact that Christ- highly instructive and helpful, up in Europe and aro filtering into the members of the British Govern a famous dinnor of economists held mas isn't far off, we now take this. getting down more closely than distant lands. While exact details ment's Economic Advisory Council in 1876 in honour of the centenary opportunity of apologising to of the new aystem of government have not yet been allowed to ride of the birth of Adam Smith. The everybody whom we've insulted. has sometimes been observed to are not available, sufficient evi in the second motor-car on State keynote of the speeches was a pro- We're sorry about all the rude matters of widespread public dence is at hand to show that it occasions. In fact, I suspect that found pessimism as to the utility things we've said about prominent interest. In the result, the leans decidedly toward the Italian. ever since its formation this Coun-of economists. Mr. Gladstone, the people in this Colony. We're sorry debate reached a high standard, The head of Mussolini, if not the ell has been lost in the Under-principal guest, whilst fearing that about all the puna we've tried to hand, is seen in the structure of ground Railway. One last word economists had almost exhausted inflict on you. In fact, we're sorry the Officials being inspired to a the new state, which-has-been about the economics of Holy Writ their usefulness, admitted that per Eddie Kelly was ever-born,---- little more earnestness in their erected upon a corporative basis It is laid down in Deuteronomyhaps some work still remained to be replies, implanting more colour and under "authoritative" leader-xv., verses 1 and 2, that "At the done in the matter of currency.
ship. It was apparently not for a end of every seven years thou reform. and enabling the onlooker to mere exchange of conversations shalt make a release. And this is Mr. Nevmarch, the Treasurer of obtain a better picture of Gov- that the Austrian Chancellor visit the manner of the release: every the Political Economy Club, be- ernment alms and policies. Aed the Italian Premier at an creditor shall release that which loved that the future role of econ better appreciation is gained of Adriatic scaport a few weeks ago. he hath lent unto his neighbour; omists must be that of producing 110.
Under the now system class ho shall not exact it of his neigh-the "Important and bonefcin! Third Season to Bixth Season the difficulties and problems of strife is to disappear. Political bour and his brother."
effect" of "reducing the functions To get under 100. administration and with im- partlea are to be eliminated. The Unfortunately, Congress stems of government within a smaller proved understanding,. tho
old Parliament is never to be re- to have ignored thesa wise observa- and smaller compass." He ful-son-to get under 95. atored. The epoch of liberalism tions (hence the American Bank minated against "the erection of Sixteenth Season to Twentieth tendency to criticism is modified. for Austria, says the Chancellor, collapse and concentrated on the ono Government department after Season-to get under 90, No small thanks are due to His has ended. Patriarchal coopera-next verse in Deuteronomy XV, another. one set of inspectars-
as follows: "Of a after anether. Excellency the Governor, whose tion is to form a vital part of the which reade
..the whole survey covered the ground in constitutionalism, and the foreigner thou maybe exact it; but time of Parliament being taken up almost model form and, more- participants in each enterprise are whatsoever of thine is with thy in attempting to do for the nation
to work harmoniously together and brother thine hand shall release.” (Continued on Next Columns.) over, with delightful freedom in constitute a unit in the new order. the main from indications of These are striking changes, strik- the Official Mind. The Pudget, Ing not for Austria alone but for
in fact, looks better after Europe, whore a great political criticism and explanation than transition is being effected chiefly It did on the first reading, al-as a result of the economic dis- though some of the matters organization.
reviewed without strictly be-
•
longing to the Budget were more TO BENEFIT? important. It was satisfactory,
for instance, to obtain a definite Doos Austria stand to benefit by assurance that the present state the change? The answer is not of affairs in the local passenger so difficult as might appear. Italy transport field are not to be has gained temporarily at least by permitted to continue Infinite Fascism. Even those who hope to ly. The warning given the bus seo Italy eventually achieve solf- companies is one that cannot 39vernment recognise that the pre- sent systom is better than that be ignored; the Government are which preceded it. This is large committed to serious efforts to ly so because Mussolini knew when effect an all-round improve- to apply the brakes. He placed a ment. Sir Henry Pollock also restraining hand upon excesso8. expressed the feeling of the Is not this, then, the direction in community in his attack on which the test for Dr. Dollfuss Government leisureness in con- will le? His ability to govern nexion with the Central British bia country, with moderation will School. The explanation must,his new ventura. He starts out probably determine the success of perhaps, be accepted for what armly opposed to anything which it is worth, although it suggests savours of union with, Germany. rather, that the P.W.D. is 80 He wants his country free and in- bound up in red tape that it dependent. At the same time, ho cannot be hurried. It will be harbours no enmity against tho admitted that time must be neighbouring German state. That given for sito formation is n ́significant beginning. though it may be observed
that the most complex sites
are, chosen with. astonishing quit that a well-prepared and consistency whenever an-im-suitable site now lles vacant and portant plece of work is required may remain so for some years to be done. It will be a long to coma. Apart from this, time in fact-before the P.W.D. there is little in the official ex- is forgiven for changing the planations of various points original alto to make room for raised at which to cavil. The. a Montal Hospital that is not stock-taking has cleared away nearly so urgent, with the re-Imany cobwebs.
"I have to make new ones for my daughter-
year. She loses them."
every
A GOLFER'S AMBITIONS
First Season To get under 120. Second Season-To get under
Seventh Scagon to Fifteenth Sea-
Twenty-first Season to Thirtieth Scanon-To get under 100.
Thirty-flrat Season to Fortieth Season To get under 120.
Forty-first Season Onword-To get all the way around the course.
SOME MORE. SLIPS -
The fire department was called to extinguish a blaze In Miss Joan Norton's hose which became Ignited. In some strange manner, John Irwin had the fire under control, however, before the fire department arrived.
For a limited time the Brad- street Club, extends the opportunity for business women to take advan tags of their professional golf Instructor,
SUCCESTION
Grasshoppers (to conclude this fascinating column) sing by rub. bing their hind legs together, and If more of those ladies who broad- cast from, ZBW did the same wo should be spared a lot of hot con- fusion.
the very things which the nation" can do much better for itself.”...
One voice arose in angry protest: nt the suicidal tendencies of his fellow economista. The Front Jovons déclarod: "Thore are still great possibilities for us in the futuro. We, need," he continued,
actance of the money market and of commercial fluctuations. which shall inquire why the world is all activity for a few years and then all inactivity. He also ex- preased the vlow that "the groat mass of the people will not have (Continued on Page:5;)