1933-05-05 — Page 6

Grays

REFRESHING!

STIMULATING!

STRENGTHENING !

WHITBREAD'S

PALE ALE

BRITAIN'S BEST BEER. THE PRODUCT OF A BREWING EXPERIENCE EXTENDING OVER 200 YEARS AND THE BIGGEST SELLER IN ENGLAND 10-DAY.

Sole Agents:

A. S. WATSON & CO., LTD.

Just arrived.

Vellow

fantem

Shops

Dainty Hand-Made Washing Dresses

for Children

at

GRAY'S YELLOW LANTERN SHOPS

Alex. Bldg., Tel. 24588. Hong Kong Hotel, Tel. 27121.

and Gloucester Arcade.

Also Arcade Peninsula Hotel, Kowloon,

J

G. FALCONER & CO., (HONG KONG) LTD. WATCHMAKERS & JEWELLERS. DIAMOND MERCHANTS. Union Building (opposite G.P.O.)

Agents for:-ADMIRALTY CHARTS,

ROSS'S BINOCULARS and TELESCOPES, KELVIN'S NAUTICAL INSTRUMENTS, ENGLISH SILVERWARE, direct from Manufacturers, High Class English Jewellery.

DRYCLEANING & DYEING with up-to-date machinery and by experts. PROMPT-NEAT-RELIABLE. Dresses and suits returned on wire-hangers free of charge. Special Motor van collects and delivers all orders through our agents, twice daily. Direct delivery can be arranged. EVER-NEW CLEANING & DYEING CO. Head Office and Works : 303, Main Street, Shaukiwan West. Tel. 26006.

AGENTS :-

Shanghai Silk Mari, 80, Queen's Road Central. Yee Hing, 61, Des Voeux Road Central.

Asia Tailoring Co, 331, Nathan Road, Kowloom.

ANNOUNCEMENT

Our New Stocks

of JADE

We have just removed lo No. 55, Queen's Rd. C. and take pleasure in asking. our many customers to come and inspect

RINGS & BRACELETS

Made from the finest Jade

stone at our own factory.

CHINA JADE CO.

55, Queen's Rd. C.

THE CHINA M

WHITEAWAYS

MEN'S SUN HELMETS

English Made Composition and Cork Bodies Covered in fine white drill. Fitted with Aluminium Foil Lining which reduces the temperature inside the hat-10 to 15- degrees less than any other lining. All sizes.

PRICES:

$10.50 & $15.00.

HERE THERE

and

EVERYWHERE

CALL ME EARLY!”

A recently Invented clock attach- ment should be a boon to hotels, schools, or any large establishment where many people have to rise at the same time. The clock itself looks like an ordinary mantel timepiece, but it can be left down- stairs all night, and yet at the ret quired moment in the morning it] will cause an electric bell to'ring] in any number of bedrooms.

FRIDAY MAY 1933

BRITAIN'S LEAD ON CURRENCY POLICY

"THE TIME IS RIPE

FOR ACTION;

THE OPPORTUNITY NOW IS OURS"

By R. HARROD

(University Lecturer in Economics, Oxford.)

London.goods on the market. - The ultimate,

The Invention is by Mr. Honeah James, a Nuneaton bus-driver, and is a cleverly constructed piece of mechanism which can be attached

I propose in what follows to give objective is to expand output as well to any ordinary clock movement reasons for the view, first; that the as expenditure. But the initial in- From this mechanism any number time has come for the country to crease of expenditure required to of wires can be run to bedrooms develop a positive policy in regard raise prices, and inaugurate the pro- and, when the alarm is set, a cirto the currency question, and, cess of expansion must itself be cuit is made at the given, time and secondly, that the currency question unbalanced by an initial increase of the bells in the bedrooms ring. The and public financial polley are now output of consumables. wire terminals plug into the side of inextricably interwoven. the clock.

*

*

Happy Ending.

Your Daily Smile.

|

Restoring Prices.

Great Britain is uniquely well plac ed to help herself and at the same. How is this unbalanced Increase From The Records.

time to give a lead to others, of expenditure to be achieved?

The traditional method is to en- Ex-Sergt. Major James Clarke, Her financial and monetary con-i native of Winsford, Cheshire, won dition is now such that she rightly courage extra capital construction the V.C. while serving in the 15th Inspires greater confidence than any by low interest rates; the earnings Batt. Lancashire Fusiliers for other major country, with the pos of those newly engaged upon it swell most conspicuous bravery during sible exception of France, and she expenditure on consumable goods, an attack at Happegarde, Novem- has advantage over France in being while their output does not itself ber, 1918, when in command of free from the limitations of the consist of consumable gooda. Un- the present emer- a platoon On being held up by Gold Standard, and thus able to, fortunately, in

gency consumption is so low that heavy machine-gun fire, he rushed pursue her own course. forward through a strongly-held Not that the policy outlined below the espacity of our existing capital MEN'S OUTFITTING DEPT.

ridge, captured in succession four would prejudice our return to the equipment is far in excess of re- The low rates tempt WHITEAWAY, LAIDLAW & CO., LTD.machine-guns, and, single-handed, Gold Standard, if and when we de- quirements.

bayoneted the crews. Two days sire it. It is now generally agreed few to embark on capital expendi- later in the attack on the Oise that Great Britain should only con-¡ture.

When public bodies are urged to Sambre Canal, he rushed. forward, sent to link herself to gold once with a Lewis gun team in the face more on condition that the gold take a long view at the present to restore the it should not be simply with the idea The China Mail destiny lay upon the Continent. of an intense barrage, brought the countries agree to manage gold pro-time with regard to Capital works,

gun into action, and effectively perly, which means He worked for peace. His claim silenced the enemy's fire.

general level of prices expressd in of their doling out a small quantity gold and to prevent its subsequent of employment at perhap consider- that, at the Berlin congress of

relapse.~

able cost. Hong Kong, Friday, May 5, 1933. [1878, he had played the part of

Monetary Position.

Well-informed opinion holds such Jan "honest broker" was not wide! Am pleased to tell you that Mr. of the mark. He also maintain Clarke is now an attendant at the By embarking immediately upon a long view to be desirable, because

{Belle

Greyhound Racing this very policy of price restoration it is a means of increasing earnings Bismarck And Hitlered that the whole Balkan ques-Track, Manchester, Brig. Gen. A herself, she would in no way weaken without adding to consumable Was it by accident or design, tion was not worth the bones of C. Critchley, Greyhound Racing her negotiating position in a future goods, of filling the present gap be international Conference. On the tween costs and prices, and so mak- ing a revival of trade in ita ordinary one wonders, that the present Prussian grenadier, and an Association, lost no time in get.

For the argument with which channels possible. Difficulties na- rulers of Germany, who profess other of his tenets was that ting him the job on learning of his contrary she would strengthen it.

plight.

other parties to the Conference are turally arise, however, when pubile should Germany ever be involved to admire the career of Bismarck,

most likely to counter her proposi-bodies" are asked to go far outside. tion is that they have no means at their ordinary routine. chose to celebrate, in such curious in War, on no account should she...

be engaged on her eastern and

their diaposal to achieve, the, price

New Equalisation Fund. fashion, his birthday anniver-

western fronts simultaneously.

restoration that is asked of them. sary. April 1 is a noteworthy.

He bad no zeal for Germany's

1st Passenger (as the ship goes And the best answer she could give Responsibility ultimately rests at If the Government date in the history of Germany.

colonial expansion; "I am not a uP AnD dOwN): Y-you making to such an argument would be to the centre.

polat out that she had herself! was resolutely determined to secure It saw

the birth of Bismarck

colonial man to go overseas," he this f-t-trip on business?

2nd Passenger: N-n-no, p-p-achieved it in a well-ordered mannerja restoration of prices, it would not

fail in its endeavour. who, born in 1815, another mo-

The central said.

Also he deprecated Ger-pleasure.

(within her own boundaries. mentous date, forged Germany!

If a particular · firm Tor industry Government pays out in one form many's naval ambitions, which,

finds itself unable to market ita or another about a quarter of the Jinto an empire. The empire he

RUSHING INTO PRINT. created has been eclipsed and as he foresaw, would lead to

The sunshine of the last few goods in such quantity: and at such total income of the community, and with Britain, rivalry

days has brought light summery a price as to yield a profit, it is na- takes as much from them in taxa- the unity he brought about has

thought little of Britain's mill-frocks out already.

tural to suppose that there is some tion, is thus singularly well The taste "laced affect the balance between been jeopardised by the failure

special cause at work. tary resources, but had a great of a later generation to adhere to

"SO SORRY."

of the public may have changed, the the output of consumable goods and respect for her naval strength. his policy, often unscrupulous In domestic policy he was a re

Maybe I haven't got rings on my firm or industry may have become the expenditure of the community.

Various technical devices are pos- fingers, but whenever I go to less efficient than foreign competi-

The following is merely pro- and opportunistic, but always actionary, but was astute enough dance I get belles on my toes, tors, its equipment may have been sible.

unduly enlarged in the past, and posed by way of illustration. guided by the recognition of the to realise that toleration might

overhead expenses may have become A Currency Equalisation Fund point which dictated prudence. be expedient. This is illustrated by his attitude to the Roman

The ne'er-do-well married the excessive. But when all industries might be established with power to Germany cherishes Bismarck's Catholics. Finding the resistance village belle. She made him in all countries find themselves in borrow, in the first instance, an memory. But little conception to his "Kulturkampf" too strong,

good husband.

more or less the same plight, it is amount equal to the. Exchange Inappropriate, to look for special Equalisation Fund. (£150,000,000). have his successors exhibited of he called it off, and repealed or

modified the most oppressive The Thing That Matters.

causes in each.

The object of the Exchange Fund the fundamental principles of his anti-Papal edicts. The crowds America's banking crisis is over.

The fault lies on the other side, is, in general, to even out fluctus- statecraft and diplomacy. Had who since his death have extoll-

¡¡Mine remains,pr`.

The monetary system, through tions in the external value of ster they imitated these, Germany ed his services to Germany have More Important.

which ̈the demand for goods isling (foreign exchange rates); in would have been spared auffer forgotten the vein of caution and

"Are there any optimists left?" made effective, must have become particular, it is supposed that it has ing, humiliation, and discredit. common sense which was a check asks a writer. Are there any op deranged. Such is the present been used, and would be used again,

upon indiscretions. They have imista right?

position.

to prevent, an excessive apprecia Bismarck was not averse to try-been betrayed by their leaders

Falling Output,

tion in the foreign exchange value In a period of normality parti- of eferling! cular industries may wax or WELE, (Continued on Page 11.) but the total monetary demand for goods in general should cover the total costs of "=" making, w them. together with

He

३

OCEAN CRUISE CAMEOS.

*

THINK THIS OUT.

*

*

a

a

ing his luck at games of chance, into mistakes which Bismarck The Pickpocket's Version. but it is related of him that after would never have committed.

Every crowd has a silver lining, With whatever Power the ultim-

his first win at the tables he in-ate responsibility for war-guilt Money for Jam. variably put his original stake may rest, it is idle to pretend "Preserve-maker leaves half back in his pocket and kept it that Germany chauvinism was million."

not one of the chief contributory

to

Local Association Formed.

a normal r rate PLAYGROUNDS FOR of profit. Space forbids me there, That meant that, at any factors. For several years after Getting Rid of Thent

THE CHILDREN. attempt to diagnose the rate, he could not lose, and when the war, Germany's rehabilita- A woman reader says she al-origins of the present depression. fortune refused any longer to tion was delayed by her intran- ways invites vacuum-cleaner sales- Suffice it to say that at some point smile upon him he simply left off sigence and her systematic ava- men into the house and offers them the demand for consumable goods That was typical of his methods, sians of the treaty obligations. tea and home-made cakes. This, fell below the supply of them and

Later, when the Locarno spirit of course, is a much more subtle the level of prices fell without costs At a meeting of representatives He knew when to stop. With prevailed, there was a disposition method than slamming the door in of production falling pari passu. Bismarck at the helm, Germany Jamong her ex-enemies to let by- their faces. was transformed from a con-gones be bygones. Reparations geries of separate, and often were cancelled. Germany was

Meek Bowen deemed to have made explation antagonistic States into a great the slate was wiped clean. Yet Power. After the "dropping of now, in what can only be diag the pilot in 1890, symbolised; by hosed as a species of herd-mad- ¡Sir John Tenniel's famous car these gains away in the savage ference have hoan invented to res mand chased each other in a vicious (lony): for whom such facilities / do'

toon, Germany set her course persecution of the Jews. The upon stormy seas. The success officially published threat that

ful war

waged by Denmark

Tel 2022

men

the

Facts You Did Not *Know.

In consequence, much production of clubs, associations, and other that was formerly profitable became organisations, held at the PWD. unprofitable, and output and con-board room, last evening it was sequently income were curtalled, unanimously decided to form so as This curtailment of income involved sociation to be called the "Child-

ciation" a further and severer decline in the ren's Playgrounds-Al Individual microphones for each demand for goods, and falling out-with the object of managing play

in a business con- put, falling income, and falling de areas for the children of the

Dess. Germany is throwing all person sha

fattacks on the Jews would be fri- tensified if the world's Press dared to condemn such a polles. had

note of Soviet bair and conditionin

his

on a steel wire, circle,

News and costs

00

95 per cent of The pro

In Switzerlas aced is how the United Staten

best, market

gap between prices not at present exist

The Hon. Mr. WT Southorn, MG presli

Organizat

Chad

MAN

PRESERVED.

NE

der