1937-03-18 — Page 2

Page

Page

SHOWING

TO-DAY KINGS:

Crusher

the

GARBO LOVES

ROBERT

TAYLOR

ALSO

LATEST

NEWS OF THE

DAY

IN

Comai

A Metro-Goldwyn-Mayer Picture

Next Change"". M.G.M. Picture

« SHOWS

AL-230, 5.18,

15 & 9.3

LIONEL BARRYMORE.

"SINNER TAKE ALL"

"HE CHINA MAIL, MARCH 18, 1937.

SECRET OF GERMAN

FINANCES

HID OF MONE

SOUND RELATIONSHIP OF MONEY AND COMMODITIES

(SPECIAL TO “CHINA MAIL")

Dr. Schacht.

Berlin, To-day.

"The secret of the source of Germany's funds for the work of creation of national defence and other projects is merely one of strict financiak dis- cipline, declared Dr. Hjalmar Schacht, President of the Reichsbank, at the general meeting of the Bank's directors yesterday morning.

“EVEN WHEN ONE'S TOTAL FINANCIAL MEANS ARE SLIGHT, MUCH CAN BE ACCOMPLISHED WHEN THEY ARE PROPERLY CONTROLLED, HE STATED.

Germany's present financial,

With Bruce Cabot-Margaret Lindsay Joseph Calleia plight, he continued, was due to

EXCEAN TRAM OR MAET VALLEY BUS.

ORIENTALE

•LAST 4 TIMES TO-DAY•

NIGHT-CLUB QUEEN'S NEW SMART MONEY RACKET!

The most sensational exposure ever screened. BEATS ALL PREVIOUS GANGSTER PERFORMANCES!

Atle Caesar Blasts His EDW.G.ROBINSON

DAYS

BULLETS BALLOTS

JOAN BLONDELL BARTON MerLANE HUMPHREY SOGART MCHUGH

FRANK

ONLY TO-MORROW & SATURDAY • NOVEL COMEDY WITH MUSIC STARS! A phony Count shows you how to tame an heiress in this hilarious mad romantic comedy musical

Gene Raymond WALKING ON AIR

Ann Sothern

© MATINEES: 202-30c & EVENINGS: 20c.-30c.-50c.-70c.

STAR

FINAL SHOWINGS TO-DAY

Why won't this boy talk to save his life?

Ia Give My Life Id

STANDING

COM BROWNE,

war inflation to Reparations and the mismanagement of former Fyears, all of which had combined to undermine the financial

GERMAN GIFT TO LONDON

foundation of the German econo-Germanica Historica

mic system.

ELASTICITY POLICY

The Reich to-day was in no danger

Volumes

London. To-day-

At the centenary celebrations of

of floundering financially, because the foundation of London Univer- their financial policy was one of sity yesterday. the German Ambas- caution and strict control though sador, Herr Joachim von Ribben immediate action was taken when trop. presented the University with

the situation demanded it.

a gift from the German people of

Dr. Schacht emphasised that this a collection of historical works." elasticity on the part of the Reichs- The collection totals 2,600 vo- bank was not în contradiction to lumes, including the last existing the fundamental principles of fin- complete copy of the monumental ance

"Germanica Historica." the most

a

He declared that Germany's pre-authentic source of information on sent financial policy began where the mediaeval Germany. credit policy stopped, and that its The presentation was made in goal was the establishment of the Institute of Historical Re- sound relationship between money search and the wish was expressed and goods.

by Herr von Ribbentrop that the British and German peoples might come to understand each other bet-

SO-CALLED MIRACLE

No More Rent Tax

The so-called "miracle" of Ger- ter Trang-Ocean. man finance was nothing more than a constant endeavour, as credit volume, increased, to bring about the return of the same amount of money to the Reichsbank that had left it.

This Was accomplished through long-term loans or through placing the proceeds of short-term loans at the dis- posal of the economic system. through promissory notes of the German gold discount bank

Canton, To-day.

The Kwangtung Provincial Gov- ernment has approved the petition of the Canton merchants that more rent tax be levied in Canton from now on. The Government at one time imposed a special tax of, one month's rent, payable half by the landlords and half by tenants, whenever the Government needed Speaking of the future, Dr. some money for special expenses. Schacht declared that the problem-Our Own Correspondent. of consolidating loans would pre-

sent increasing difficulties but that The fourth annual general-meet- the Reichsbank would also face these ing of the Kowloon Tong Garden and - a City Association will be held at the Trans-Clubhouse on Thursday, March 25,

at 6.p.m

tasks with determination

sense of responsibility.

Ocean.

"CRIME OF DR. FORBES

TO-MORROW

ROBERT KENT

GLORIA STUART

CENTRAL

CENTRAL: CAR PARK-

or 5 going west, 3 mi. from stop

YOTS

TO-DAY & TO-MORROW.

"DAMAGED LIVES”

A RINGING WARNING. those par

tho keep their sons and daughters