1928-07-09 — Page 13

MONDAY, JULY 9, 1928.

WHERE is no worry or anxiety in rearing Baby healthfully and happily, even in a tropical climate, when Glaxo is used as flaby's food.

Glaxo is the food that has been used to rear the children in five Royal Nurseries. Court Physicians ace 'that Royal Babies have the best and most nourishing food- that 14 why Glazo has been chosen.

Give your Baby Glazo, and watch the difference after a few days; see how restfully he sleeps, how contented be in and how steadily he increases in weight. Ask your Doctor!

Glazos

The Vitamin Milk-Food

“Builds Bonnie Babies”

UNEMPLOYED.

10 PER CENT, OF US. WORKING POPULATION.

A PROBLEM.

THE CHINA MAIL,

In 1919 the factory output was an increase of imports. At the 147 compared with 100 in 1914, and same time her tariff, polley was the Index of factory employment aimed at the restriction of imports. was 129. As proof that this pro- cess of increasing output with less labour has been going on at an.ac. celerated rate, the output figure for

TARIFF MODIFICATION.. Her increasing need for foreign markets will compel her to accept,

export trade expande, for Ameri- cans are not quite so Zoolish asi some British Protectionists who be lieve that we can increase experts without increasing imports.

[By Philip Snowden, M.P., Chan-1927 had risen to 170, but employ-imports to a greater extent na ber

cellor of the Exchequer in the ment had dropped to 115. Labour Government.]

are not

Though precise figures. available, it is not denied that widespread and extensiva unem ployment exists in the United States at the present time.

The estimates of the actual num-

The displacement of labour has been marked in all productive in dustries.

In the last four years, output on the farm has increased by 10 per cent, while employment has decreased by 5 per cent.

FEWER PERSONS EMPLOYED.

Sooner or later, therefore, America's economic situation, is bound to compel a modification of her tariff policy. If that happens This tendency may be Illustrat-it is certain to have a profound ber of unemployed vary from two ed by taking concrete figures of the influence on international trade. to five millions. The Secretary of actual displacement of labour In Success in the world market will State for Labour has given the some of the principal industries, then be determined mainly by the figure as 1,890,000 at the end of The Labour Bureau of New York mechanical and scientific efficiency March. The New York Labour estimates that 2,200,000 fewer per- of production. In that respect Bureau, economists organtea sons are employed in the four in America will start with a great tion for research, has made a dustries of manufacturing, mining,

advantage. careful study, and estimates the farming and the railroads than in

But if other countries are com- {number at 4,000,000, or 10 per cent. 1923.

to pelled follow America in From the Report of the Depart-specialisation, and in the displace- of the working population.

America, unlike Great Britain ment of Labour, already mentionment of human labour, the problem and some. Continental countries, ed, other striking facts

may be

of unemployment in these ihas no unemployment Insurance quoted. Over 70 per cent. of the tries will assume the feature of the scheme, and no scientific regiatra-American bituminous coal is min-existing unemployment problem in tion of its unemployed. Be the ed by machinery; the stool com- America. figures what they may, the fact is panies produce three, times the

This indeed is the great problem undeniable that the state of em- output of pig iron to-day than they which every industrial nation must ployment in that country is the did in 1914 with the same number face, namely, to avoid the present worst since 1921, the year of the of men; the tobacco companies, in hardship which mechanical and disastrous deflation.

the last four fours, have increased scientific advance Inflicts upon a output by 63 per cent., and reduc-mass of the wage-earning class. In ed their employment figure by 13 other words, the problem is to free per cent. The railways are handl-the human being from slavery to ing 30 per cent, more traffic than in 1923, with 1 per cent. leas

BOOM SUBSIDING. --

the iron man.

coun-

The figures of production in the basic industries, and the railway traffic returns, confirm the reports that the boom is subsiding.

Stories of the abounding indug.labour. trial prosperity, of the United CAUSE OF UNEMPLOYMENT. 'States during the last few years The cause of unemployment in thave created the impression that Amèrica, therefore, seems to be that country had at last solved the due not to falling output but to old problem of avoiding trade improved methods of production: cycles by the expedient of raising in other words, that the man is be- But it really does seem that wages to the level of absorbinging displaced by the machine. America has passed into a new) current production.

Optimists point to signs of im- phase of industrial conditions, and

It is a strange reflection on men's lack of intelligent control of their affairs that more and better industrial organisation, and greater powers of wealth production, cause unemployment and an increase of human misery,

But during the boom some of the proving trade in America. The one which other countries will ex-} basfe 'trades have not been particu- steel output is growing, but in-perience, namely, the standardies- larly prosperous, notably the tex-creased output, due to the arrivaltion and mechanisation of men. tiles industries. The widespread of spring, will not reduce unem-But that cannot be a final stage,

Sole Agents: W. R. LOXLEY & CO., Hong Kong. system of instalment buying has ployment, and with increased un-for men were never made for

SALE

OF

no doubt helped to keep a rough employment the internal demand machines, but machines for men.- equilibrium between production for the output will not keep pace. "Evening Standard." and absorption.

It seems, therefore, that Ameri-

The slump in trade, which beganca will be bound to look more and to show itself very markedly in more to the foreign market to ab- May last year, was the culmina-sorb its surplus production. Her tion of a process which had been competition in the world markets

which had been somewhat obscur- high degree of mechanical efficiency jed by the general prosperity. will make her a formidable com-

-Increased output does not neces- |petitor.

Jewellery, Watches, Fancy Goods, etc. going on during all the boom, but will become more intense. Her

at a

SACRIFICE

We are removing from our present premises (opposite main entrance of the Hong Kong Hotel) to the new address at present occupied by "At The Sign of the Lantern," in the ground floor of York Building, and have to sell the entire stock.

No reasonable offer refused.

Sale commenced on 1st. June, 1928.

SENNET FRERES,

China Building,

Pedder Street.

Bumps have replaced trenches in the Legation Quarter of Peking, says, the "North China Standard," and there is wrath among the motorists and joy in the camp of the anti-speeders. At four points sarily mean an increase of employ- Then there is the counteracting in Legation Street the commission ment. High labour costs have led influence of her position as a credi- which administers the law of the to the greatly increased use of tor nation, which necessitates her Quarter has constructed, low bar. machinery and displacement of acceptance of imports in payment | riers of macadém'at right angles human labour. Increased output of the Interest upon her foreign across the road. One is abreast of and increased unemployment have loans. This matter appears to the Netherlands Legation, one im- marched side by side,

have given concern to the Ameri- mediately west of Marco Polo Street INCREASE IN PRODUCTIVITY. can Federation of Labour, which and the remaining two at the inter- The U.S. Department of Labour has just passed a resolution, call- | section of the broad avenue some. has published some remarkable log upon the Government to put times called Wagons Lits Street. figures which support that conclu-an embargo on further issues of The appearance of these hurdles sion, showing the percentage in-loans to foreign countries.

marks another step in the so far [crease of the productivity of labour General prosperity has raised a futile attempt to prevent speeding Jover the period 1914 to 1925. number of complicated problema in the Legation Quarter. They re- In the year 1926, which was a for America. Her profits have place the shallow trenches which year, of huge production, factory been so high that they could not did futile duty for several months, employment was 8 per cent. below be wholly absorbed in expanding for it was found by motorists that the average of 1923, and 15 per home industries. They had to find that trenches could best be passed cent. below the average of 1919. employment abroad. That led to by putting on a burst of speed.

THE

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13

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KNOW CHINA

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THE NEW

SAILORS' AND SOLDIERS' HOME

WHAT

ARE

YOU

is the Sum required?

$40,000

we anywhere near it yet? No.

have sent in your bit?

No.

DOING

ABOUT IT?

Send it to

or to

It now?

Yes.

how much is

REV. J. C. KNIGHT ANSTEY

15, Ventris Road.

MR. W. H. SMITH

Sailors' and Soldiers? Home Arsenal Street.

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TANG YUK, DENTIST Successor to

the "late" SIENATING, „16, D'Agullar Street.

TERMS VERY MODERATE Consultation Free