TRADE ADVANCE
ANGLO-SOVIET BUSINESS
FIFTY PER CENT
INCREASE
BALANCE SOUGHT
annum as a flat interest, chargo, making the total burden between 10 and 12 per cent. Some British banks, however, have been advane- ing short-term, six to ten months' credita to Russian_enterprisca on a global four to "ave per cent. basis. Average periods of credit rango from 12 to 18 months.
THE HONGKONG, TELEGRAPH.''- MONDAY, OCTOBER 15, · · 1934,
THE ENIGMA
OF DOORN
'SQUIRES' RIVALRY IN HOLLAND
EX-KAISER'S AMBITION
Doorn, Oct. 8. While Wilhelm von Hohenzollern
But Soviet, credit polley has un- dergone a 'radical change. Dur- ing the earliest era of Soviet in dustrialisation, the Russians were certainly never forgets that he is a world figure, the most curious in such urgent need of production thing about him is his ambition to machinery that they eagerly sought be regarded as The Squire of foreign credits on terms which, Doorn. under normal conditions, would Doorn there are at least a dozen But this is denied him. In A marked. Increase in Anglo- generally be regarded as even Dutch noblemen rooted in the soil Russian trade has accompanied the usurious. Nowadays, Moscow and assuming unquestioned prl- improvement of political relations evinces no such avidity for credits. ority. All along the highway from between those countries In 1934. Indeed, about a third of Soviet the village of Driebergen clear to Amerongen their estatea extend; The total turn-over of commerce purchases in Britain are settled here they have been living--some between Britain and the Soviets on a "ensh-and-carry" basis. of them in the oldest cantles of in the first six months of this year
feudal Holland for generations. has oxcooded that of 1933 by appro-
То them Wilhelm is still the
London, Oct. 10,
SHORT TERM CREDITS.
Mile Burcham, American Stunt flier, picks up a table-cloth with his wing
tip..
fortune, the ex-Kaiser lives like a temporaneous, with a natural pre- wealthy aristocrat rather than like occupation with the startling events a wealthy bourgeoia. Hls house- | In Germany, hold numbers about 60, all of whom
gather for dally worship in the except the guarde at the gates- (chapel at 8.45 a.m.
Actually the establishment is a
KNOWS TO A PENNY. ·
His mornings he devotes to the management of his property. He fa said to know to a penny what This income le Ho has had many
ximately 50 per cent. True, this Prices have oclipsed credit foreigner, with no claim to assume. rise has been due partly to the adverso factor of the April-July, facilities as the major considers-any of the duties of the squiroarchy: However, the rich foreigner at 1933, trade embargo which natur- tion in the placing of Soviet orders "Huis Doorn" refuses to take this ally dealt a severe blow to traffic abroad. Russia has lost interest lying down. When Winter comes, between the two countries Inst
In short-terin credits and has near-he and Hermine set up their own year; the embargo followed the arrest of British engineers in ly wiped out her outstanding short private relief fund for the village poor; un Boxing Day the poor go Moscow. But even leaving the term obligations in foreign coun-to his castle and receive
their abnormal ambargo situation out of tries. Nor are the Bolsheviks parcels of food and clothing from account, the development of Anglo-rendy to pay more than the pre- the hands of Wilhelm and his wife. miniature Potsdam. Within the a quarrel with the Dutch tnx- Soviet commerce has recently din- valling international interest rate He invites the village choir to give gatea he never forgets or permits authorities over his income. When closed algns of healthy growth.
an evening concert on his estate; others le forget, that he le Kulsor he first resided at "Huis Doorn" Tur credits. Reasonable price he lakes a practical as well as n
Wilhelm II of Hohenzollern. He he refused to pay Dutch income The trend is illustrated by the offers have become the determin-financial interest in everything has his Court Marshal, his afdes, tax on the grounds that he was a following figures for the first six
his staff and his Court Physician. months of the
three respective in factors in the promotion of that concerns the village.
trade with the Soviet Union.
Just how rich he still is seems Everybody has to stand to atten-political refugee. Finally he had
to pay, under protest. усага:
to be a matter of dispute. Baron tion, to click heels when doing so, Thus he lives a dual life at from speaking except Doorn. That of the country aristo- Anglo-Russian trade received a von Sell, his public relations to refrain more stable foundation with the counsel and business representa- when spoken to, and to obey crat, moving hatless through his meticulously all the thousand and grounds, studying his rosen, thin- 27.12.217 signature of the trade agreement tive, told the United Press 471,687 1.229,160 199,739 between those countries on FebruJanuary that by the settlement be-one rules and ceremonies followed ning out his trees; and that of an international figure, head of an an- Mounting Soviet purchases on ary 16, 1934. Formerly the balance tween the State and the Crown in
royal family had
Menis-Even though he eats only cient House which the world has the British market appear to be of trade between them had ranged 1920, "the the outstanding fact emerging between three-to-one and four-to- renounce about five sixths of its the simplest fare and that sparing-never completely forgotten
and Russia's favour. The private fortune" and that
thisly-are always served in the most which, in the whirlwind of Time, from the figures. With a state monopoly of foreign trade prevail. February accord provided that the ing in Russia, there seems to he balance of payments no doubt that the Soviet govern- | approximately equalised within ment has deliberately turned away four years, bearing the ratio 1 to from the United States and Ger17 in the Soviets' favour on many and looked more and more January 1, 1935 and, is from 1938 lo Britain as the source of supply onwards, maintain a ratio of about for the required minimum of im. 1 to 1.1. ported goods.
British Importa
1902 $ 7,324,142 1993 5,092,037 1971 € 7,701,220
British Importa
bala
7N2,120
4.721,248
POLITICAL ANIMOSITY,
shall be
Increase of Soviet purchases in Britain this year indicates that the stipulated balance will be
Political animosity between Ger-jattained by January 1--United many and the Soviet Union makes Prera,
in
at Potsdam.
10
Prices based
on the
new value of the dollar.
FANLING!
SCOTTS HUNTING BOWLERS VELVET MUNTING CAPS SCOTTS CRASH HELMETS
BRAEMAR RIDING SWEATERS
DENT'S STRING GLOVES *
WOOL CUBBING SCARVES
PLAIN or FANCY STOCKS
PLATED STOCK PINS BOOT HOOKS and JACKS HOWELL'S SEAT STICKS
Brooches, Hunting Veate and Racing colours made to meastirė
MACKINTOSH'S
MEN'S WEAR SPECIALISTS.
MARTELL'S BRANDIES
KNOWN, APPRECIATED AND CALLED FOR
THE WORLD OVER.
THREE STAR
CORDON ARGENT
(also, square pintsl
lover 60 years old!
CORDON BLEU
tover 35 years old)
Special Trade Mark
V.S.O.P.
V.V.E.S.O.P.
SOLE AGENTS:---
GANDE, PRICE & CO., LTD.
St. George's Building. No. 2, Ice House Street, Hong Kong. Dial No. 20135.
Mr. Charles Chaplin is making plans for new picture. Here he is at work at Lake Arrowhead.
it unnecessary to seek farther affold for an explanation of the ruthless reduction of Russing purchases on the German market. Formerly the chief beneficiary of Soviet orders placed abroad. Germany now lags far behind Britain. But the United States, too, has been among the losers in!
Sovlet business. Smooth exten-
GERMAN OFFER
REJECTED
COMPROMISE PLAN SUGGESTED
the international acramble for: Germany's offer to pay £276,000 sion of government credits to owing to Lancashire yarn spinners, Russia was blocked by enactment by 12 monthly instalments was re- of the Johnson Law and failure
hitherto to settle the Soviet-Jected by spinners at a meeting in United States bost problem has Manchester.
loft Russian-American trade stag-
nant. Britain has consequently As an inducement to settle, emerged from this muddle as the Germany offered that if the Empire smiling third party.
would take a bigger share of
As a result, cargo stoamers have been leaving British shores, laden hosiery and gloves, payment of the with tool machinery, iron and old debts would be speeded up, steel, equipment for the Moscow
subway, sheet iron and special
Germany also asked for a re-
steel amalgama, as well as with sumption of yarn supplies, the now re-exported lead, tin, copper, rub- ber and tea-all bound for Russia, business to be done at alx months'
A British manufacturer or mercredit instead of the usuni 30-daya' chant, aceling to the Soviets on a credit. credit basis, enjoyed a 75 per cent, guranteo of such credits, granted by the British government.
IMPROVED CREDITS.
But credit conditions for Russin have of late improved here. Up to this year, the average Insurance
The meeting in Manchester, do- clied to set up a special committeo to deal with the matter and co- operation of the coal and wool yarn oxporters will be sought.
Two deputations have been to
rate for dealings with the Soviets Germany, and on the last visit the was 10 per cent.; now it has drop-offer was made with the backing of ned to about 6.66 per cent. Be- yond this, the Russians are paying Dr. Schacht, President of the approximately 3 per cont. per Relchsbank.
Fishing for amber off the coast of East Prusala where a acient forests are buried and the rare resin appears in
large quantities. –
residue "has to be shared among formal atmosphere; he invariably might once more figure in dramatic
! 17 households, comprising 40 mem-dresses for dinner and so does events. bers of the Royal Family,"
Hermine. On special occasions he He must have his own strong "Furthermore," continued the tons one of his old uniforms-theand even obstinate opinions about Baron, "there remain other obliga- brilliant uniform of the All-Highest Ilindenburg and Hitler, but all tions, such as pensions, which have Warlord. And although he is in- that he has permitted the outside to be paid, although the bulk of variably the amiable host, woe be-world to know is that he "rejoices the estate
consists of landed tide the careless or ignorant guest in the unity of the German property which has yielded no in-who neglects the prescribed court people." Ile must know that many conie for years though requiring to ceremony. He is never invited would like to see him sented once be piaintained in a suitable manner again.
more on his old throne in Potsdam large staff of officials, work- But this "make believe" does not but no visitor had ever drawn him 'men and their families."
mean that the ex-Kalser lives in the out on this subject. That his CARICATURE OF WEALTH, past or suffers "delusions of children und grandchildren stand in Berlin estimates that the ex-grandeur. Ila only concern with the streets and salute the Austrian- Kaiser's private fortune amounts to the past is to defend, in one book born ex-bousepainter Hitler-not 700,000,000 marks, were dismissed after another, his reputation and ja word of comment on this has ever by the Baron, impatiently, as that of the German people from the Issued from his mouth or pen. "grotesque political caricatures." "war guilt" charge. Other than He remains the enigmun
But whatever the size of hls that, his interests are intensely con- Doorn-United Press.
by
of
WEDNESDAY AT
M KING'S
THE
WITH DURANTE...THE SCREEN'S NEW PERFECT LOVER!
COME ON! EVERYONE'S INKA-DINKA-DOO'ING
At Last!
He's a second Don Juan and twice as good jus the first-I
an earthquake of uproarious laughe!
PALOOKA
by Ham Fisher
**JIMMY, DURANTE • LUPE VELEZ STUART ERWIN « MAJORIE, RAMBEAU. ROBERT ARMSTRONG • MARY CARLISLE WILLIAM CAGNEY THELMA TODD A Rallonca Picture Produced by Edward Small • Released thru Uisited. Artlet"
THE LONG AWAITED
George Arliss
Stage coaches racing in a vastern Canadia rodeo, where drivers of a vanishing'ora com
ling contests,
nually in thril.
IS HERE
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