THE CHINA MAIL, NOVEMBER
DEWAR'S
Whatever the standpoint from which you regard Dewar's fine old White Label Whisky its superiority is evident. There is the refined flavour there is the maturity due to great age and there is the high quality upon which the world's expert opin- ion is unanimous.
WHITE LABEL
Sole Agents:
A. S. WATSON & CO., LTD.
Wine Spirit Merchant
KAIPING COAL
HOME
FACTORY
AND
- BUNKERS
FOR ALL PURPOSES.
POWER
HOUSE
TUGS &
LOCOS
THE KAILAN MINING ADMINISTRATION
Head Office:--TIENTSIN.
Agents:-DODWELL & CO., LTD., Hong Kong.
G. FALCONER & CO. (HONG KONG LTD.) WATCHMAKERS, & JEWELLERS, DIAMOND MERCHANTS, UNION BUILDING (opposite G.P.O.) gents for ADMIRALTY CHARTS, ROSS BINOCULARS and TELESCOPES, KELVIN'S NAUTICAL INSTRUMENTS, ENGLISH SILVERWARE Direct from Manufacturers, High Class English Jewellery.
NEEDED URGENTLY
WINTER CLOTHING
(Men, Women and Children)
THE HONG KONG BENEVOLENT SOCIETY
Monday
11, Ice House Street
Thursday 10 2
The China Mail
Ninety-Second Year of Publication
Telephone 20022
people the world
The democr order as we see- it at present has its defects, and
SA Wyndham Street, Hong Konga President of the United States has as muth reason to be aware of them as any statesman living in the modern world. More over, as Mr. Boosevelt 20 Nazi and Fascist systems
London Office:
17, Garrick Street, London, Rice point to some material things" | gained for their peoples. hich they could not have obtained un- der democracies which they had
Notice To Contributors.
All communications intended for failed to make function" There
in, it may be, lies a danger just publication should be addressed to as insidious as any influence from Busia which the dictatorships
the Editor, and be accompanied by of the Right command us to re-
sist and abhor, the slow seeping Address, in of a belief that perhaps a
not
the Writer's Name and
for insertion
as a guarantee of good fasth.
Subscription Rutes.
One Year
6 Months
H.K.$36.00
HK$18.00
admixture of distatorship le
but a short cut to some types of so-
cial betterment. A recent spin- ner of fairy tales was working along those lines when he made his remarkable discovery that every other Englishman was ready to sigh "Oh, if we could. only have a Hitler here for six months!" It would be hard to find such an aspiration in Bri- taîn în actual fact, for if we have been taught anything by the news and even by the official pro- paganda from totalitarian States it is that there is no such thing as dictatorship on the instalment Hong, Kong, Tuesday, November 2, 1937 principle. Those who believe in
3 Months
HK$ 9.00
Postage Abroad Extra
ROOSEVELT ON DEMOCRACY
democracy for themselves must hold to democracy and make it work.
Industrial Mortality
3
When dictators or their lieu- tenants address the faithful of their respective communities on
A new and rather depressing. world order and the future they branch of vital statistics is ex- do not seem to be always of the pounded in the current "Econo- same mind on the subject of de mie Journal" by Mr. P. W. S. An- mocracy. Sometimes that system drews. It is that of the death- of free government by popular rates of public companies quoted and unimpeded choice is served on the London Stock Exchange. up as a legend emptied of con-The results are startling. cern a sort of "Shiva's tem- takes the records of 481 repre- ple," far away from the reach of sentative companies floated be- reality and the actual world, tween 1919 and 1932. More than where a few flint chippings work- a third of them are now dead. ed from long outdated doctrines From the grisly analysis Mr. An- give evidence of something like drews constructs a tentative useful industry in the past but table. There is, he finds, a the present is nothing but rank per cent chance of a company overgrowths of idle heresy. That dying in its first year, a 9 per portrait of the democratic prin- cent chance of death within two ciple presents it as something years, a 25 per cent. chance labout as much concerned with within seven years,
a 30 per Ireal life as the craters on the cen
chance within ten moon. But as the "Manchester
The maidence of Guardian points out, the picture mortality differs, of course, fails to fit in with available facts, among the various sections of and as they must make them the company population. Taking selves recognised even in totali- the first five years of the com- tarian States, another version is pamies registered in the post-war necessary for other times. De-period of 1919-29, the investor mocracy is rescued from the fros-can reflect that if he put his ty, palaeolithic stage and allow-money into electric and wireless fed to be alive, but it represents a flotations he stood a 60 per cente doomed, transition period on the chance of losing it. Had he put all-Bed route to Bolshevism; de- it in motors 40 per cent of his mocracies, announces Dr. Rosen-companies would have died, berg at Nuremberg, are as help-transport 38 per cent, in build- less as "a rabbit before a rattle ing and roads 33 per cent, in snake when confronted with the food 32 per cent, in textiles 22 insidious advance from the Bus-per cent. Had he stucis to invest sian front. Both those portraits, ment companies he would have the dead relic and the living but seen only 5 per cent go terrified victim, are preposterous Company mortality is, of and both are self-interested; they the inevita are drawn not from life but from ment
Fan urgent need to prop up
cist systems which are a neg the Companies tion of democracy. And it
the
ad in some
t of 1929 of more
( be rather troublesome
companies bett painters of those portraits to see for it, for of the them so vigorously swept aside ed in Britain in as they were in the resounding 1928-9 no fewer defence of democracy which Pre-were dead by the sident Roosevelt delivered at a short life and not Washington when he presented except possibly for
order of government as the ters.
No comments yet.
Private notes are available after approval.