1932-02-13 — Page 6

DEWAR'S

"WHITE LABEL"

FINEST SCOTCH WHISKY,

ZEISS CAMERAS ENSIGN MOVIES

AGFA Projectors

EASTMAN

KODAKS

'FILMS

Grays

A. TACK & CO.

26, Des Voeux Road, C.

Tel. 20945.

Vellow

fantem

UNCHANGED

IN A

CHANGING

WORLD!

IT

NEVER

VARIES I

AFGA CAMERAS

ZEISS

BINOCULARS

ENSIGN Folding and Reflex CAMERAS

Alexandra Bldg.

... and

Hong Kong Hotel.

LINENS,

Shops LINGERIE,

MEN'S PYJAMAS, DRESSING GOWNS, SMOKING JACKETS, PEKING JEWELLERY,

HONG KONG

and RUGS.

SHANGHAI

MANILA

Correct styles FELT HATS :-

Andrews,

Battersby,

Cambiaghi,

Hardeman,

Ward's,

etc., etc.

at reasonable prices.

THE BAKILLY CO., LTD.

153-155, Des Voeux Road, Central,

FRESH MILK & CREAM

we

As from SATURDAY, the 12th › inst.,

Pasteurized

THE CHINA MAIL.

WHITEAWAYS

ARISTOC HOSE

Aristoc

1

b.

PURE SILK STOCKINGS

An English-made Hose of Outstanding Quality and Value. All sizes in the newest Shades,

$7.75 and $9.95 pair. CALL AND INSPECT.

WHITEAWAYS

SHARE MARKET.

Prices Remain . Unchanged.

QUIET TONE

A somewhat quieter tone pre- vailed at this morning's session, but prices were more or less un- change.

Sales.

Providents (Old), $5.15, Providents (New), $2.40. Hotels (Old), $14.10. Humphreys (Old), $19. Trams, $22,

China Lights (Old), $21.50/.65. Electrics, $77.

Telophones, $24.

Dairy Farms, $29. →

Wm. Powell, $8,60.

Constructions (New), $1.90.

1 Buyers.

Douglases, $26.

Hong Kong Lande, $78. Chinese Estates, $95. Ewos, $144.

Hong Kong Trams, $21.75. China Lights (Old), $21.60. Hong Kong Electrica, $77. Telephones, $284.

Hong Kong Ropes, $16.40. Dairy Farme, $29. Amusements, $18. Constructions (New), $185.

Sellers.

Bengueta, $11. Hotels (Old), #14.10.. Shanghai Lands, Tis. 90. Cements (Combined), $17.

has

13, 1932.

SATURDAY, FEBRUAR

CONCLUSIONS OF THE YOUNG

PLAN ADVISORY COMMITTEE

GERMANY'S DECISION JUSTIFIED.

Concerted Action Which Governments Alone Can Take.

The full report of the Young Plan Advisory Committee, which sat in Basle at the request of the German Government, is too long

to publish in our columns, but the last portion, embodying the.com-. mittec's conclusion, is of interest.

The But events did not wait. It is evident from the facts out- lined that Germany would year 1931 has not yet ended, and be justified in

taken declaring-in already the crisis has accordance with her rights formidable dimensions, shattering under the Young Plan-that the exchanges of many countries in spite of the steps she has one after the other and accumulat- taken to maintain the stability of ing dificulties which, if not dealt her currency, she will not be able with, will only prove forerunners Unem- In the year beginning in July next of further catastrophes. to transfer the conditional part of ployment has increased, Stock Ex- the annuity.

changes remain closed, economic The committee, however, would activity continues with difficulty at not feel that it had fully accom- very low ebb in the face of plished its task and justified the restricted credit, rigid control of confidence placed in it if it did not the exchanges and paralysing re- draw the attention of the Govern- strictions on international trade. ments to the unprecedented gravity Slowly the effects of shrinking

activity of the crisis, the magnitude of economic

Are making which undoubtedly exceeds the themselves felt in

one country "relatively short depression" an. after another. visaged in the Young Plan-to meet which the "measures of safe- guard" were designed.

a factor

The Young Plan, with its rising series of annuities, contemplated Personal Pars.

steady expansion in world trade, Mr. Benjamin Cutler Randall not merely in volume but in value, been appointed Assistant in which the annuities payable by Superintendent of Police (Reserve) Germany would become

of diminishing importance. In and to be in command of the Fly-

fact, the opposite has been the ing Squad Section, Police Reserve.

case. Since the Young Plan came The many friends of Mr. C. S. into effect, not only has the trade ever, that Germany was incap-Rasselet, secretary of the Hong of the world shrunk in volume, but Kong Amusements, will be pleased the very exceptional fall in gold able of paying the sum demand- to learn that he is progressing prices that has occurred in the last Hong Kong, Saturday, Feb. 13, 1932. ed of her; and Britain, among the favourably since his operation for two years has itself added greatly to the real burden, not only of Allies, was the first to return to appendicitis

German annuities but of all pay sanity. This was revealed when, Members of the, Cymdeithas Dewi ments fixed in gold.

The China Mail.

Reparations.

It soon became evident, how-

A Call For Action.

Accentuating Chaos.

This state of things la complicat- ed by the repercussion of economic affairs on the political situation and vice versa. The economic de- cline which has taken place in the last two years, the increasing dis-. tress which it has brought in its train, have produced a general political instability from which an anxious world is suffering more and more. Similarly, political con- siderations have often been allow-

ed to influence the treatment of

economic problems by the Govern- ments, thus, preventing the latter from viewing these problems in their true light and from dealing with them on their merits.

to

The first is that transfera from

When Governments come in 1922, the now famous Balfour Sant (St. David'e Society), who de

examine the whole, group of Nate, came to be written. But sire to attend the dinner on March In the circumstances the German questions allied to the subject of Conversations between Britain this Note, as events proved later, 1 are requested to notify Mr. E. R. problem which is largely respon the present report, they will have and France seemingly have made came too late. Since then matrice, the Hon. Secretary, as early sible for the growing financial to take account of many matters

as possible.

paralysis of the world calls for relevant to these complex problems such good progress in the past ters have been drifting continu

concerted action which the Govern--which can only be solved in con- few weeks, that Britain's Forously from bad to worse:

Dr. M. O. Pfister, M.D., M.R.C.S., menta alone can take.

formity with economic realities. eign Secretary (Sir John Simon)

In this connection. certain con- gave an address, entitled "Travels But the problem has assumed a And now, in 1932, we are face Through Yunnan and Szechuan," at world-wide range. We can recall siderations seem to us of great im- finds it possible to open anew

to face with a conference on re the twelfth general meeting of the no previous parallel in time of portance. the question of the holding of parations, in many respects the Hong Kong University Medical So- peace to the dislocation that is the Reparations Conference. And

most formidable of a moment-lety held at the University last taking place and may well involve one country to another on a scale night. He illustrated his remarka a profound change in the economic Bu large as to upset the balance of Jure of this year is mentioned

ous series. And much now will with lantern slides. The lecture was relations, of nations to one another. payments can only accentuate the as the month in which Germany's depend on whether delegates to greatly enjoyed by the large num-Action is most urgently needed in present chaos. creditor nations must decide

and friends a much wider field than that of | It should also be borne in mind the conference go there, animat-ber of members Germany's fate, and, be it re-ed with a spirit of truculence, as

Germany alone.

that the release of a debtor coun The economic interdependence of try from a burden of payments membered also, their own fate victors, as bond-holders demand- Miss Marga von Etzdorf, who the various countries of the world which it is unable to bear may The two are indissolubly bound.

ing, their pound of flesh, or, as it has covered thousands of miles by to-day needs no further proof; re- merely have the effect of transfer- It is no longer disputed, that has been said, "with single air alone, and who flew by herself cent years have most strikingly ring, that burden to a creditor Reparations

from Berlin to Tokyo in August of Illustrated it... and inter-Allied

country, which, in its character, RN minded desire to contribute to last year in eleven days, arrived, debts, if not the cause, are one the, common stock in a united in Hong Kong yesterday on board. Since July last, for example, it a debtor, it, in, its turn, may be

unable to bear.

Again, the adjustment of all inter-Governmental debts (repara- tions and other war debts) to the existing troubled situation of the (Continued on, Page, 8.) Ten Years Ago,

[From the "Ching :Mall" of February 13, 1922]

present.

has been evident that if the criais effort... to restore, the shattered the s.s. Oldenburg, from Japan, to- mechanism of world trade."

gether with her low-wing Junkersy which Germany has been over- monoplane, in which she intends whelmed were not remedied it to fly back to Berlin from Hong would spread to the rest of Europe, destroy the credit system so pains takingly built up and create pro- found repercussions in other parts

News in Briet.

Kong.

of the major causes contributing to the crisis that, to-day be-) strides the world, Colossus-like. It was not always so. In 1919,]. and for some years after that,

Joe Cook, the well-known vaude-of the world.” very different opinions, were

The B.I. 8.a. Tilawa left Hong ville star of the United States, takes held. It seems that we have had pointed out to us, by the ruth-Kong this morning for Shanghai, the leading part in "Rain or Shine"

Moll, Kobe and Osaka. less hand of experience, the error of our ways, and have learnt our lesson. But, have we?terday That the Reparations Confer- ence, when it is held, alone will prove. Wait and see!

To-day's dollar is worth 2/6%.

I

•

Shrinking Economic Activity. The committee appointed by the and might be said to be the whole

International Settlo- plcture. Now at the Central Thea- Bank for Lowest open air temperature yes-tre, "Rain or Shine" is one of the ments, on the, Invitation, of the was 56, Humidity at 10 wittiest, merriest and brightest pic- London Conference, aftor, describ,

At the Police Recreation Club on a.m, was 72, and 74 at 4 p.m. ture yet seen. There are also thrills ing this situation in its report of

in abundance, and the circus fire August 18, 1981, sounded a most Saturday evening, a very pleasant was performed when A dance in aid of the Police which forms the stirring climax emphatic note of warning, urging ceremony Branch of the Ministering Chil- certainly provides spectacular enter that if disasters were to be avoid Company Sergeant Major Pearson, dren's League was held in the tainment. Supporting Joe Cook, are ed before the period of, postpone, R. E., an old interport footballer What was the origin of re- Police Gymnasium last night, those Louise Fazenda, Joan Peera and ment of credits recommended by and member of the Police team, was parations? It was Germany's present including the Hon. Mr. E Tyrell Davies, while William Collier, that conference expires on Febru: presented with a eliver tea and coffee undertaking to pay compensation D. C. Wolte (Inspector-General of jun., plays opposite the leading role. ary 29, 1932, immediate steps, must set upon a blackwood silver-mounted

་་ be taken by the Governments. Folice), and other senior officers of "for all damage done to the the Force. civilian population of the Allies and their property by the ng- Mr. G. P. de Martin, Director of gression of Germany, by land, Education, presided over the an- the Education Society and the There will be a debate betweep by sea, and from the air."

nual distribution of prizee at the Medical Society of the Hong Kong That was the original proposal Italian Convent School this morn- University on Monday, February

ing. The pupils, as in former 15, 1982, at 8.80 p.m. In the Unit in made by President. Wilson,

years, presented a fine programme versity Union Assembly Hall, consultation with and upon the of entertainment which was great-when the next meeting of the Edo- authority of the Governments of ly appreciated.

cation Society is held. the Allied forces. And a careful

EDUCATION SOCIETY,

The subject will be "That Na-

estimate, prepared in 1919 At the expiration of three months tive Lecters Should be Repisced

resume the supply of none

E

and Cream.

Customers requiring Pasteurized Milk

or, Cream are requested to place their special orders.

The Dairy Farm Ice & Cold Storage Co., Ltd.

Hong Kong, 12th February.

by Mr. Keynes of the legitimate Steamship Company, Limited will, claims of the Allies against Ger- unless. cause is shown to the con- trary, be struck, off the register and

|

by Western Trained Practition- erg,"

The debate is open to the public

many, was £2,120,000,000. the company will be dissolved, ac and all interested are welcome.

This figure, however was not the figure embodied in the Pence Treaty. It was, as a writer has

said,

"by the unworthy device of

Including separation allowances. and pensions to soldiers and

cording to a notification in the Government Gazette.

LION PLAYS WITH BABY,

a man pada Brought Up On A Bottle.

ta

name was “Nubin," and that it was more beloved than any of the dogs

in the neighbourhood; retail Sal

The cub has been brought up on

a bottle. It plays with Its master's fo

Baby girl, and goed to be at night!

tray as a wedding gift."

LEA & PERRINS' SAUCE

their dependante, swollen, to aa The City Prosecutor of Long offth his seven-year-old boy. Its piquant flavour pleases the palate

monatrons and indeterminate Beach heard that a four-months-old amorat, for which: Gerisany lion was raining: the streets.

We can neverde part with ran we bil vrage Nubia declared his mistress,

was to be bled, white by When investigations warezzade who agreed, howor

paration: Comillation for an it was found that theil animal befrow enge bullt af the Usche Incredible perlod.”

longed to a local residentathatoits à bome.