1935-08-01 — Page 8

THE CHINA MAIL, THURSDAY, AUGUST 1, 193

Dewar's Whiteaways

鼎阻價

WHITE

LABEL

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Brewed & bottled in Great Britain,

The finest and most popular

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Telephone 20075.

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Telephone

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to Engage our Service

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Here There and p Everywhere

RECIPE FOR CAULIFLOWER ZAR

Mar Baer was once caught knocking his head againg the steam ipe in his dressing-room at Madison Square Garden where he lost his boxing title to Jimmy Braddock recently-

STABILISATION IS DANGEROUS

VAST CLAMOUR RAISED IN ENGLAND

E

ATTACK ON OFFICIAL BRITISH

MONETARY POLICY

(By Paul Einzig)

He did that, he explained, "to!VER since Great Britain, the Bank of England. which toughen it."

went off gold in Septem-jexerts its influence behind the He is also alleged to have ber, 1931, the Government has scenes: the London School of provides quired his "caulifower ear from been advised and urged once Economics which his trainer. The trainer ·VERS

again' to stabilise sterling. From theoretical ammunition for the ordered to clout him until the ear time to time this pressure in fight: and the Sound Currency grew. "so that people world know favour of immediate stabilisa-Association, which was revived I was a prize-fighter"

tion, increases and assumes the recently from its moribund state characteristics of a "stabilisa- to rally the forces of reactionary

orthodoxy. tion offensive.”

But that is not all. Bankers

1713

*

to stability.

far

The recent temporary re- The London Post Office thinks covery of the franc and of the-first, second and third rate- jof everything.

other currencies of the gold consider it their duty to fire a Few people realised. until Sir bioe gave considerable éscour-shot by making a public speech Stephen Tallents pointed it out.lagement to those in favour of an advocating immediate stabilisa- the deep principle underlying early and unconditional returntion.

There has been aj Company chairmen - some- certain telephone numbers.

For important numbers it is real barrage of demands to that times from honest conviction. essential that the fingers should effect both from abroad and at sometimes from a desire to divert attention from the de- have to travel the shortest pos-home.

From the United States. Mrfects of the balance sheet sible distance round the "anto-

forceful views in matic" dial.

Morgenthau, Secretary of the cxpress Thus, every fire station in the Treasury. has made overtures favour.

As a result, the case London area has the number for an international stabilisa-

He was candid enough. immediate stabilisation has re- ** The Metropolitan Police tion has the even more quickly dialled however, to make it plain that cerved an immense amount of

the conditions in which he was publicity. number *1919.

Why The Hany? prepared to stabilise were such!

the United Why this desperate hurry? Your Daily Smile! as to secure for

States the advantages she Ever since sterling ceased to be Jenjoys at present in the form of stable in terms of gold, econo- Prim Lady-"I don't like the wala huge export surplus.

mic conditions in Great Britain this parrot wears.

From the Continent, England have been improving slowly but Bird Dealer "I'm sorry, ma'am.

been bombarded almost steadily. It is true that the to be no attempt to decrease but I can't give you one that can bas

every day with demands for volume of our foreign trade has expenditure, so that the pro-swear better."

stabilisation- The meeting in declined. This loss has, how- vince of Kwangtung may cut its

Paris of the International ever, been more than made good Hopeful Daughter (scanning the pages): Chamber of Commerce a de through the increase in the

which takes volume of our home trade means good, I see beting society "William'

means "beloved (busing itself far too seriously-provid- Whether we examine the in- I wonder what "George' ed an excellent-opportunity for dex of industrial production, lightly),

Father (tartly): "I sincerely trust, the adherents of early stabili-which is about 5 per cent. above my dear, that George means bonisation to direct a concentrated the boom level of 1929, or the attack upon the official British index of sales and retail trade. attitude that the time for stabi- which shows a rising trend this

fact is glaringly obvious. lisation has not yet arrived.

The China Mail first is that there is apparently

Hong Kong, Thursday, Aug. 1, 1935 coat according to its cloth: and

ames

WIERTN.

Waving Polo

A cavalry officer was showing an

in.the second case. it will be noted that only "foreign firms" Principles Of Taxation are to be "asked to contribute the extra funds required, local "No taxation without repre-firms presumably being spared

this embarrassment- sentation has been a sound

In any well-ordered com- axiom of politics ever since the

sensible no

person day that the American, colonies (munity

It wound up its week by talk To-day even more goods are staked their whole future on the denies the right of the adminis slogan More than anything tration to levy taxes for the pro- elderly visitor the sights of the post and voting, by declaring that being produced and said by stabilisation of the foreign British industry and commerce else that principle was the foun-vision of those social and other Although rather puzzled by some of dation of the revolt of the services which the public needs his military technicalities, she did

gold is imperative for effective conditions were generally con- the New World and demands But it is a good her best to take an intelligent in exchange rates on the basis of than was the case when world

terest in everything-

sidered to be prosperous. settlers in

in any And there," said the officer, point-would economic recovery." against what they considered. principle of taxation and rightly so, to be an inviol-form, that no one communitying to the verdant middle, distance. able premise to the requirement should be singled out for attens our polo Seld

Ah, yes," said the lady.

are few that they should contributetion in this direction while an

And it ways think there

beautiful sights

than A field of! financially to the exchequer of other gets off scot free.

that the waving polo” the mother country. In recent is here, we fancy.

* rears the principle has been Kwangtung Provincial Depart-

A New Story. hallowed by the Westminster ment of Finance will meet with

It Teacher: "Johnny, why are you so Statute regulating the relations its strongest opposition. between England and the self-sounds simple to announce that late this morning?"

Johnny (breathlessly);" the benighted foreigner is to

we, toned in governing Dominions.

be taxed and that "drastic Please, teacher,

western station, last evening, But so far the underlying action" will be employed in the mother sex the clock by it” principles of

the rights of event of his failure to provide minorities in foreign countries the wherewithal; but it is have never been tabulated or another thing to put that formulated in any set model scheme into practice without The political rights of minori-cutting right across some rather ties, in fact, have on more than valuable principles, one occasion led to embarrass nothing of such elementary ments and sometimes to actual matters as treaty rights and discord. The League of Nations mutual obligations. has a special department which It seems to us that before

to

+

LOCAL NEWS BREVITIES

Those in favour of immediate On Home Front

stabilisation would be quite pre- 41 al- On the "home front,” the

pared to stabilise sterling in more stabilisation offensive is raging circumstances which would lead

with increasing vigour. Its

to credit restrictions and a high main sources of strength are bank rate. They would cheer- sacrifice an immense jamount of home trade for the of sake of vague hopes of a pre-moderate increase in foreign trade as a result of international monetary stability.

au

The 3.8. President Jefferson fully will, sail from Hong Kong For noon next Saturday, instead on at midnight on Friday as

andriously scheduled.

The ss. Benmacahui is due here Say from Singapore next Monday.

St. Andrew's Club are holding a Games Night at 9 p.m. to-day.

بره

The Ladies' MCL and Civil

whist drives to-day.

dress.

· average

of 53.43

“Saturation Point”

In other words, they prefer & A guinea pig owned by Mr. Rocks of S, York Road, Kowloon, bird in the bush to ten birds in

the hand. They argue that the - has been sent to Matakok for ob-1

absorptive capacity of the home servation, having bitten a Chinese market has been exhausted amah employed at the same ad completely and that further im- provement in business can only be achieved through a revival Hong Kong rainfall for the 2 of foreign trade. hours ending at 10 am. to-day, was 0.08 inch. The total since!

Those who are incüned to be regulates, or attempts to regi attempting this ill-advised pro-

One case of enteric fever was January has been 50.77 inches, as late, these relationships in cases cedure the provincial authori- reported as occurring in the Colony against an

convinced by this argument where political stresses are ties would be wise to suggest in the 24 hours ended on Tuesday. inches.

should look up the files of news- actual or supposed. And it is!

papers for 1934 and even 1933. Jone or two alternatives.. For generally a delicate business instance, as we have mentioned

this They would find that the very Au Ming. aged 29, was Germany is the mester of her above, it might be advisable to

sentenced to nine same people were then already own fate, and if in an excess of attempt to cut one's coat Service Cricket Club are holding morning

months hard labour by Mr. W. convinced that the "saturation "pare Aryan" enthusiasm she according to one's cloth for a

Schofield at the Centra! Magis point" of the home market had institutes a bitter campaign change; perhaps this can be

been reached The annual meeting of the tracy for being in the Colony against the unfortunate Jewish done by a stricter attention to

Many of the adherents of immediate stabilisation ́ admit elements in her population, that the damming of the intermin-Hong Kong Football Club will be after having been banished. is her own affair. One may able drain which "graft" of all held today at the Club House five years in 1934.

that England is now reasonably {prosperous, and that the and frequently does-question ands represents on the provin- Happy Valley, at 5.30 pm.

The following cables are lying chances are that home trade will both its wisdom and its apparcial finances There might, in The R.M.S. Empress of Japan at the Great Northern Telegraph continue to ent ferocity; but for a nation fact; be a little domestic house-

progress. They like Germany, which is strong cleaning before such drastic is due to leave Vancouver for Company (Limited); Namdoang enough to carry out its whims schemes are mooted.

Alter Hong Kong on August 10 and is from Kobe, Regina from Osaka; argue however, that it is a nar

row and selfish policy to think Maxim from Osaka Fanhin of our own welfare only. against a defenceless people in natively, a system of taxation de bere on Angust 30.

alex from Kobe; and Paints (Wah spite of all protest, the rest of to embrace everybody concern- the world can only look on and ed, not merely the foreigner who

The Board of Directors of The Lam, No. 15 Lee Tung St) deplore the exhibition of mid- is an easy goose to pick, might Hong Kong Land Investment and surzemer madness.

be worked out, and then nobody Agency Co, Ltd. have declared an But in the case of a country would have any real grouse Interim Dividend of $1 per share such as China, where admittedly this would be in accord with for the six months ended June 30, deplorable shortcomings in all the recognised principles of 1935.

general and provincial govern-taxation throughout the civi

for

They maintain that we must bear in mind the deterioration of trade in countries which are- Chan Wah, aged 76, who was suffering from the unwilling- banished for a period of 10 years ness of Great Britain to stabi on May 9 last, pleaded guilty be lise sterling in conditions tast fore. Mr. Schofield, at the Central would suit their interests. Police Court yesterday, with re-

(Continued on Page 11).-

BANISHMENT FIGURES

ment obtain, the ethical right-lised world, and other than Professor L T. Ride will deliver turning to the Colony and was of any municipality to levy generating for a time the his fifth lecture on The Applica-sentenced to four months hard taxes on foreign businesses may natural resentment the plain tion of Genetics to Certain labour. 1 decidedly be questioned Our man has against taxes of any Medical Problems at the Surgery

"It is a regret that defendant own correspondent reported kind, would generally not do any School of the University to-day yesterday from Canton that it harm. But the proposal, as it at 4 p.m. Graduates and friends cannot be ordered to be flogged"

The banishment figures for the remarked MEL Wynne Jones was proposed to do this because stands, is inequitable, unjust are cordially invited to attend. "the Provincial Department of and smacking strongly of the

at the Kowloon Magistrary this year 1934 totalled 3,218, and Finance is in need of more principle embodied in the old Tong Kwok-lam, a 20-year-old morning when sentencing Chau this number 432 were convicted. money for increasing expendi "Here's a foreigner let's heave unemployed, was yesterday sex Kam-tsoi, unemployed, to one for returning to the Colony For ture, and might secure addi-a-brick at him attitude There tenced by Mr. Macfadyen at the years hard labour for harbour the first six months of this year tional revenues by taxing is also a grave danger than in Central Magistracy to two terms ing a 15-year-old girl, Can-Yu- 1,702 people have been banished, foreign firms and shops It is the process of stripping the of six weeks each, the sentences Lam, at No. 191, Fa Yaen Street while 344 have been convicted for sher scop-coming back here any of those soten orthy that no reference goose that lays the golden eggs to run consecutively for obtain without the consent.

and who returned this year, puke for-

"ward the excuse that they hid Artensturned to the Colorry for

ver Jubilee o

was made to at least two-points its. jabout this proposed

which strike the out

ever with some force the s

fonisti

7123be soling two sum's will simply lee

$6 and 280 restive toot two employed for here Chinese on

fing work for them

"house