6
THE HONGKONG TE LEGRAPH, MONDAY, AUGUST 28, 1937.
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ENYK
San Francisco via Shanghai, Japan Ports & Honolulu.
Asama Maru
Chichibu Maru
Tatsuta Maru
Tues., 7th Sept. Wed,, 29th Sept. Wed., 13th Oct.
Seattle & Vancouver. (Starts from Koba).
Hikawa Maru (Starts from K obe) Mon., 6th Sept. New York via Panama.
South America (West Coast) via Japan, Honolulu,
Los Angeles, Mexico & Panama.
+Nako Maru
†Naruto Maru
Holyo Maru
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TUDEBAKER
The Last Word in Perfection!
1937 STUDEBAKER
Some Expressions of Satisfied Owners:
"You can't wear out a Studebaker." "Costs less to run." "Leads in roominess and in miracle- ride comfort."
N
the French
Why do
make such a
mess of their
France they don't balance the Budget. They juggle with it.
"I can drive it hundreds of miles No man living can remem-
and never feel fatigued."
Ask for a demonstration drive.
Hongkong Hotel Garage
Phon, 27778-9
Stubbs Rd.
43
The
Thongkong Telegraph.
MONDAY, AUGUST 23, 1937.
ber the time when France really balanced it.
Money?
wears
Governments came
our
That is a brief story of the
con-
families of the Regents of the Bank of France kept in the saddle until 1936, when Blum's Popular Front Government made the bank a Government organi- sation, gave all shareholders an equal voice with the "200 Families" and robbed the Re- gents of their power.
Until then five of the Regenta ropresenting five banks were of.. Swiss origin. Sald Napoleon, who welcomed foreigners, "France lucks men who know what a bank is; this is a race of men whom we must crente." When the Regent bankers and industrialists used to meet in council there was not an inch of economic territory in France that they did not control,
WHAT irked the critics of
Bank of
their
£
the Re- Govern-
"No more overdrafts, So don't envy the new man ed to France that out of Ger- snorts:
going to get the economy axe must be wield- who sits at this desk as the new many she was
the Bank of France Governor of the Bank of France. nothing like as much in repara- ed, we must live within
income, and new and heavy taxes before Blum tackled it was a Yes, M. Pierce Fournier has tions as she thought in 1919.
rule in the appointment of the one of the most interesting, On top of that, the two kind must be paid."
governor, whose signature was hardest, and certainly one of uncles, Britain and America, also
necessary before any important the biggest jobs in Europe. ceased dipping in their pockets franc..
to help out France. So the HOW docs it happen that decision could be made.
Now, Napoleon's Act said that the French, so thrifty TALL, thin, Stalin mous
tached Pierre Jean Budget remained unbalanced."
Something had to be done, in their individual lives, are so "before assuming his duties the Fournier is forty-six, father of
holds 100 shares in the bank. three children, does not smoke, Like Jacks-in-the-box. Radical careless about their national governor must prove that he
and went purse? As I say, they have a drinks very little. He dark, ill-fitting clothes, but as between 1924 and 1926, turned legacy of disorderly government In Napoleon's day a
franes, but now is worth 10,000 Governor of the Bank of France out, some said, by the mighty lasting from the old kings of France share was worth 1,000 and what Treasury sits in a room like a woman's power of the Bank of France. France.
Also in France many blamed francs, boudoir (a princess once used it whom they refused to obey.
million Who could save the franc- the Bank of France. They saw oficial, acidly asked the critica, as such) at a desk used by the
it as a sinister institution, had at his disposal a financial boss under King Louis that is to say France? XIV.
To the bedside was called though others regarded it as the francs. (£13,500) ?
So what happened under the The walls of the room are
war-time President of model of righteousness,
The real rulers of France, old system? The Regents sold covered in pale flesh-pink silk, the Republic Raymond Poincare, and you enter it first through whose professional capacity had some said, were the directors the shares on credit to tall padded silk double doors, not been enhanced by his inspira- whom the French call the Re- future controller. And, said the ANTAGONISING
then through high, carved green tion of the Ruhr adventure. gents of the Bank of France, critics, it was not good that the doors.
But 40,000,000 Frenchmen fifteen of them elected by the governor should become a debtor
General Council of shareholders of the Regents. ALL NATIONS
that if They argued On the governor's desk are couldn't see anybody better.
Poincare started to put the the famous "200 Families of Some years ago, a student of twenty-two telephone switches,
three of them white-direct pri- patient on a rigid diet; all France France," so called because they governor, in a dispute between Japanese affairs declared that vate lines used for the most felt his heavy hand, and finally are represented on the Council, the Government and Though there are 40,000 actual gents, sided with the Japan wants war. He added: secret conversations with the he balancel the Budget, after a shareholders of the bank, only ment, he might find himself faced with a claim for debt the 200 largest have a voice. "The Stalls are the real power, secretary-general of the bank fashion.
and two under-governors.
For a time France was sitting
The Act of 1803, signed by which he could not pay. and the time will come when
Your eyes focus as you enter on top of the world. Even in Napoleon, ruled that five of the ND it was true that the
AN
Bank of France could they will assume that power on the high and intellectun! fore 1931, while the rest of the world fifteen Regents must be
wallowed in the slump, France nected with commerce or indus- break any Premier it didn't like openly, Japan will then march head of the governor.
There will be plenty of lines was sitting pretty. on China, not as an Army, but on it by the time he's through But the plague of the world try, and three from the Trea- by withholding credits from the sury. Since the lawyers forgot Treasury. To mention one, the panic which crisis could not leave France un- to mention the other seven, the bank created a This forecast with this job. a nation."
With M. Georges Bonnet, the touched. Through the 1930's bankers took six of them. overthrew tall, Anglophil Pierre may be taken as fulfilled so far
From then a real hereditary Etienne Flandin when he refus- as the assumption of power by Finance Minister, for the next she went rocking from crisis to the military is concerned, and bedside of France, once more the
few months he will sit at the crisis.
aristocracy of banking began. ed to obey theth.
Well, Blum has slightly clipped the nation is reported to have gick man of Europe.
WHEN France's first Fathers did their best to pass on
Socialist Prime Minis- their seats to their sons, and the wings of the Bank of France, been keyed up to a pitch of
but that does not make the new But only sick financially, for
Leon succeeded.
The Rothschilds-yes, they taxes any easier to bear. enthusiasm in which it regards France is still one of the world's ter, willowy, aesthetic
France is in for a period of expansion as a mission that is richest countries, though a bad Blum, took office just over a year
ago, the French purse was in a are in France, too-had a seat
since 1855; the Mallet family belt-tightening such as she has bad way. divine. No limit, it seems, is manager of her money. placed on that expansion, for it
But he went on apending, and since 1800-one of their ances- never known. has been put forward as
Look were long overdue. How- Regents set up by Bonaparte in Japanese axiom that there is no
many of the reforms lie under- tors was on the first Council of were La Belle France, in the last natural territory, any more than another, killing the liberties of ever, they cost money, and when 1800.
he quit French finances
130 years has seen three revolu there is a natural size of an the people, and preventing them near collapse. estate; the ability to govern from developing
Then in steps Georges Bonnet, tions and changed its political five times. But the decides the frontiers of a coun- national life.
They made the French Revo, new bank manager of France, system try. This may have seemed, a few years ago, an exaggerated lution which shook the world but did not bring France out of the statement of Japanese ambi-
financial chaos in which it had tions, but present-day happen-learned to live. ings would appear to justify the The old kings debased the estimate. There is, none the coinage. The Third Republic, less, an element in Japan which formed in 1870 after the col would prefer that common-sense lapse of the Second Empire, has lived on overdrafts, like the should prevail over military
foolish young man who hopes to monomania. Unhappily, that
come into money some day. element cannol be vocal and
For the last hundred years does not exercise any real in- France's public expenditure has
RE you a snob?
definitions: 1865, 50 many other engagements? Dictionary's
Departing, say, Bluence over the nation's policies. been going up, but her income
Oxford The time may well come, how-has not kept pace with it.
Cambridge slang for any one not a gownsman. you," in a voice that So any morning now you can
Now, or litle thing"? ever, when the morale of the
a financial crisis in people may be shaken by the end of
France, and the franc gets into Later, a person belonging to the lower classes. mad adventures of the mili-more difficulties than the most one whose ideas and conduct are prompted by vulgar tarists; it may then dawn even mischievous boy.
Snt., 11th Sept. Sun., 3rd Oct.
Thurs., 14th Oct.
Mon., 30th Aug.
Sat., 11th Sept.
on some who are now in the grip of war fever that the flout- ing of international law does not
London, Marseilles, Antworp & Rotterdam.
Suwa Maru ...
Sat., 26th Sept.
Liverpool via Port Said, Beyrouth, Istanbul, Piraeus,
and Marsellles.
+Lima Maru
Sydney & Melbourne via Manila & Ports.
Kamo Maru
*M.V. "Neptuna"
Atauta Maru
.Sun., 10th Oct.
.Sat., 28th Aug.
About Mon., 30th
Sat., 25th Sept.
Bombay via Singapore, Penang & Colombo.
Anyo Maru
Sat., 11th Sept.
Calcutta vin Singapore, Penang & Rangoon,
+Toba Maru
Genoa Maru
Kobe & Yokohama.
Fushimi Maru
Fri, 3rd Sept. Sun., 28th Sept.
Sat., 28th Aug, Hakozaki Maru (Keelung).. Fri., 10th Sept.
† Cargo Only.
THE old kings of France, the absolute rulers, be- gan the business by plunging their country into one war after
an orderly
NOW this is the story of
J
ARE YOU A
A
say no these questions you
Emrys
Jones
SNOB?
If you
can
to all
are not
www
but you're a miracle
Arrive late, explaining you had.
sweet of means "You.
"So
admiration for wealth and social position..
WHEN YOU DINE OUT
Do you: Insist on the most expensive wine, even though you can't tell it from a cheaper kind?
un-
at
Argue with the waiter about the quailty of the soup, to impress people| neighbouring tables?
Complain that you're not at the best table?
Eat things you don't like because they are supposed to be fashionable? Over-tip the waiter if you're entertaining somebody you've never met before?
bostess in her
your
to your
talk to some-
Poy special attention grammar when you body richer than yourself? WHEN YOU TRAVEL
can't afford it?
Do you:
Go first class when you
Make apologies for sailing tour- 1st class in boats
to other tourist-
Describe the magnificent parties AT HOME you give?
appearance of
the franc:
Into the greatest war pay in the long run. The strong in history marched France with British comment which has been a united people-and an a feature of recent editorials balanced Budget.
Between 1914 and 1918, of in the London press is indicative
class passengers?
time Spend your
on frst-class Talk about how the head waiter served you better last time? in as much money as was spent. Aug.of the view which is being taken course, it was impossible to rake
Commiserate with, your
deck if you are a tourist passenger? in responsible quarters of the To help France out, her good
on the problems of living
Broadcast accounts of your visit recklessness of Japan's actions friends, the Allies poured mi- AT THE THEATRE
neighbourhood?
to the captain? about Make subtle boasts in the Far East. By one fell lions into her coffers, and, of
Do you: Arrive late and take your
Worry about the time about getting down the gung-husband's income? stroke, Japan is' wiping out the course, the idea was to "Make
way, getting Bettled?
Call well-known people by their your lug+ggge? prospects of better relations Germany Pay" at the end.
Now after the war man learn- Throw your wrap back over your first names? with those nations of the Wested that a defeated foe can't pay; sent so that the people behind can
Laud the services of your tailor? Do you: Pretend, if your maid which have been unduly tolerant but France gally went on spend-not read its label?
the
Brandish opern glasses? assumption of in the past but which have hoped ing
tho crulae in a private is out that you are she when you If you're in evening kit, avoid
answer the telephone? not, yacht that you missed? are people you know who
the tiresome that, with the tearing of Man-"expectations" from the Ruhr'
Moan about
Raise a rumpus over minor errors of churia from China, her appetite conlfields.
parties you have to attend?
of a servant? Make references to the past
when Then the failure of the Ruhr during the interval?
Gush over people you know only
Wear disreputable clothes would be appeased.
Say condesc "What
your
guests are coming, because they journal points out, it is not only invasion round about 1924 prov-slightly because they are more im-giaries of
portant than you are?
and then are not your social equala? Try to be the first out, protend-sweet little coffee pot,"
Dress up to the ears when some- China's sovereignty which is
think
is you
Important altver?
body being violated in Shanghai, but of Western nations, as there is ing you are late for a distinguished launch into descriptions of your
own Georgian
Ignore women guests who are coming? British and other foreign in- to the patience of China. That party?
Neglect shabby guests and de- not the best dressed at the party? terests are inevitably suffering limit has been almost, if not IN OTHER
Look bored while your hostess vote yourself to rich ones? talks about her children?
Insist on leading the Show off your knowledge on sub-tion to your etchings, or your nothing garden, and their respective supe- ectr
General Passenger Agents in the Orlant for tho CUNARD WHITE STAR LINE. Tal. 30291.
Joint Passenger Agents
GIE LÉVINGSTON 2 CÓ., LTD. Agents: BURNS PHILP LINE.
COUNT THE
“TELEGRAPHS”
EVERYWHERE
As
one
on
as a direct consequence of the actually, reached. Before mill-
Japanese invasion. These things tary madness goes any further, PEOPLE'S HOUSES
There Japan would be well advised to cannot pass unheeded. must be a limit to the toleranco' atay her hand.
Discuss
Do you: Talk about the One service you maintain at home?
the
about?
others επιστ
rush
riorfiles?
conversa-