1947-09-10 — Page 6

Pago G

THE CHINA MAIL, WEDNESDAY, September 10, 1947.

azemou. CHINA MAIL DOLLAR CRISIS: WHAT

FRANS-ASIATIC AIRLINES.

NEXT FLIGHT:

HONG KONG TO MANILA . . . . HONG KONG TO BANGKOK HONG KONG TO MANILA

HONG KONG TO BANGKOK

Wednesday, 10th September

For Possage and Freight apply to:-

Friday, 12th September 12th and 13th September Tueminy, 16th September

SOUTH EAST ASIA TRADING CO. (SIAM) Ltd.

Windsor Hause

Managing Editor; W.J. Keston. Business Manager: W. H. Nolloth.

Telephones;

24354

Editors Reporters & General Ofc, 32312. (four Hoes) Subscription Rates:

3 montlar

6 months

One year

Tel. 27260.

69, Connaught Road West. Tel. 24292.. or FAR EAST AVIATION CO., LTD. Top Floor, National City Bank of N.Y. Bldg.

(Entrance on Duddell Street). Kowloon Tel: 57186

+

DIRECT

Air France-

(FRENCH OVERSEAS AIRWAYS)

HONG KONG SAIGON

WEEKLY AIR SERVICE

ARRIVALS EVERY TUESDAY 2.00 P.M. DEPARTURES EVERY WEDNESDAY 6.30 A.DI.

THROUGH TICKETS ISSUED AND FREIGHT ACCEPTED TO ALL DESTINATIONS

CIE DES

Queen's Building

For Particulars Apply To

MESSAGERIES MARITIMES

Tel. 26651 (three lines).

Esteins

to

rest

IS THE WAY OF ESCAPE

By Norman Crump

Duty On Whole World It would be worse than use- That is one of the dutica less to devalue the pound to which lies before us. It means day, for it would raise the cost a reorientation of our system of of our imports, including those production, with all its reactions of food and raw materials; upon our home economic and while it might cheapen our ex-social life. But a duty also rests porta to our oversens custom- on the whole world. The danger ers there is no point in doing a that for lack of the means of so. In a few years' time we may exchange the world is becoming have to consider devaluation, divided up into compartiments, especially if by then we are which find difficulty in trading anxious to export more than with each other. This leads to the world wil! buy. But we are the gradual but inexorable stran. some way off that position to-gulation of world trade.. day.

exports.

discrimination clause Df

the

currencies of other countries. In

CARNIVAL TREE By Dick Turner 7

COPR, YAY BY HEA SERVICE, MO. 7, M. REQ, U. 1. PAT, NË

5+10

"Gee, Sis, why do you hafta date that guy from the In- ternal Rovenus department? He gives me two bits and then takes back a dimo!".

Heat Spells Health In Seville

By W.T. Stuttard

The other evening

Mr.

In 1031 we were right to de-reversal of the upward trend of Dalton told the world that value. Our costs were above commodity pricçs, and this would we were no longer able to the world level, our workers come to us, and to other coun- exchange their pounds into dol- and machines were only partly tries, as a welcome relief. There lars, because we had practical- | employed, and our exports fa no doubt that we shall have ly no dollars left. That, in dwindled because the world to make an Immediate and simple language, is the mean- found that our goods were too drastic reduction in our Imports. JL.K.$18,00 Ing of the suspension of con- expensive. Today our troubles It is also true that the calcat

H.K.530.00

vertibility. The real question are different. We are fully em-way for us to revive world con- in: what consequence flows ployed, yet we are not produc- Adence in the pound, and to .K.$72.00 from this announcement?

acl to ing enough. The world would make the world ready When we signed +444044****** | terms

the loan take all the coal we offered us, is to convince the world that in Washingtoh nearly them, but we have none to offer. we can sell to them what they two years ago, we agreed that The world would take other want to buy. STRIKE SHOCK within one year of the agree- goods as well.

ment taking effect, we would Responsibility for the latest make sterling convertible. That breakdown in negotiations for a crucial date was reached on {settlement of the dockyard strike July 15. The world rushed to

the turn its sterling into dollars shuulders of the employers. Met with the result that on August with the delegates of the Chinese 15 we had almost exhausted

our avaliable dollar credits. Engineers' Institute to negotiate, on the basis of the 45 per cent. fact.

Washington recognises that It agrees that we cannot offer made on Friday, they appear supply what we have not got. to have made a yet better offer But we have been forced to nd. at que stage, on the condition that mit that we can no longer carry all workers represented by the out the full terms of the Lonn C.E.L reported for duty at once, | Agreement. Therefore we have

What, then, in the way of and then, when it was urged that decided to suspend our draw.

The Task

escape? First, let each country CONNECTIONS FOR CAIRO, PARIS.

this LONDON

condition was difficult of inge upon the loan.

Our Immediate task is to put its own house in order and We have also hnd to clarify ALL EUROPEAN CAPITALS NORTH AND SOUTH AMERICA

helfilment, returned to the ori ginal offer with variations su

our position to the whole world, match, our Imports against our establish confidence in its own woch

Broadly speaking, the sterling

Unless a country is currency. Then let the bankers less satisfactory in their terins than appeared on the face of gime.

area reverts to its wartime re- willing to take payment in ater and traders of the United States

and other hard-currency coun.; The dollar pool, availing, which can be spent only trics gain the courage to hold the Friday offer that the sharp able to every country in the he unable to apend In that coun- PR of their resources. In the

In the non-dollar area, we shall reaction at the strikers was inevitarea, is in effect reconstituted, try, whether on goods or scthat way they can enable their able. We, who have been urging and the member countries uport the leaders of trade unions agree to limit their drafts on vices, more than she spends with in Hong Kong the bringing of a

it to the absolute minimum. ATA, That means that the non farmers and manufacturers to continue producing for export, sease of responsibility to negotia. There is no formal obligation American Loan Agreement must not balanced by Imports. This even though those exports are tions affecting labour conditions them to do so, and we are and welfare, very obviously, have Dominions and other sterling clauses in limbo. So, too, must but the alternative

all, the more indebted to the perforce join the convertibility

involves some risk. It is true, A temperature of 104 degrees Moors, who overlooked another party to which countries for sharing our dim the international Trade Organ greater risk of a world-wide little fluctuation, In Seville's ex ninuxing, knew that narrow.

is the far Fahrenheit in the shade, with for much

were responsible the recomendation might equal cu'tles.

of Seville's

street v well have been addressed. In

Egypt, however, hasation, the Geneva Conference, slump parallel to that of eighteen perience at present. "Andalu winding streets were the best the employers' action, there is little

sin'a Queen" as Seville is called, defence against the sun's rays suggestive of those attributes of

This is a hard saying, but That is the real lesson of the la living up to her reputation. From early morning until Inte patience and moderation which :

At the end of August the shade afternoon the awnings are are essential from both sides it

temperature rarely fails to pass drawn acres certain streets in industrial harmony is to be res-j

the 100 degrees mark. tured and relations placed on asper.ding the convertibility of

How do people live in euch extreme heat? Apparently the sound basis. On the contrary, poids into dolbars, we have

inhabitants of this (whether due to a misunderstand put a fence round part of the

city live very well. A report is usually ing or not. makes no difference) world. Inside the fence lies

published showing that doctors a monkey wrench has been thrown all North and South America.

have, much lens to do during into the works just at a time when except Argentina and Brazil;

these days of scorching heat it appeared that a position had Canada, for many reasona, in enn afford.

London, Sept. 8.

than in the winter. It is add- an enclave of her own. Out-

A Foreign Office spokesmaned on occasions that some daya raking effort, whereby conflicting Tangles_might_have been adjusted-deliar a and~~non-dollarions.

the world.

We have, thus, to sell to us under the new conformation of a Greek coalition that Seville is one of the famous local wine.

"lively satisfaction" over the details being advanced to prove The most encouraging feature, in

At the moment they government by the Liberal fea healthiest cities In Spain and cidentally, had been the elimina Pounds will be interchange- tion, and this explains the tem-

are taking stock of their pool-der, Themistocles Sofoulis, that the heat has a beneficialed by some morsel to cat-a

These are always accompani tion, as far as could be detected ab'e among the different coun-porary suspension of exchange that the Greek guerillas will

The Foreign Office hoped effect. if the emotional content of the tries outside the fence. as they dealings which were announced make the greatest possible use hardly recommend dispute. Now, the ground gaited have been in the recent past. reently

Sul with all this one could prawn, a few roasted almonds,

this

a shrimp or two, a couple of in that direction has been entire. But no longer will we let them,

Heveral cen.of the amnesty offer and com- interesting and historic city as lives or a small piece of fried anchovics, a sardine, a few the mud of the pass over the fence, to be ex- Argentina, which feel that they blished ultimately. ly list, and

Countries, such as plete internal peace will be esta a place in which to spend the fish. Each "chato" strikers at their gearral meeting changed into currencies inside. must have

month of August. Except at "tapa" (with each glass of un Monday night, the resentment The value of the pound is main templed to curtall their exports ed that there is no connection can be wonderful---you perspire to cat). There is

dollars, may be British official circles atress nights and I must say they manzanilla there is something displayed, must make it far more tained. The dollar exchange to us in the hope of diverting between the withdrawn of Bri- when you venture into

rate remains at $4.03 to the them to the dollar area.

long range difficult for persuasiveness. to

tha

of drinks at bara and cafes, achieve the early end of the strike pound, and the price of gold the other

On tich forces from Greece and street. hand, the British further internal is unaltered. that had been hoped for, and was

developments Only Sevillians know how tol market in so important to their in that country.-United Press, live through these torrid days, "chato de manzanilla" with its confidently expected. Whatever

producers that they may well |explanation offers for the final

think twice before relinquishing

The "patio" (courtyard) is the corresponding "tapa" to eat, St. Johns, Newfoundland. principal refuge against the

is typical of Seville. approach of the employers to the

it. And Argentina today has a

Sept. 8. heat. Outside windows

Seville is situated On the problem, uone that helps to full

special need for sterling, for British public-school boys, who well fastened up and shuttered, from the sea. The majority of 60 miles Guadalquivir some understanding has been forth-

she has to complete the purchase will spend seven weeks exploring and from of her rallways.

the barren tracts of unmapped the houses have a

the sun-baked street those who desire a cooling coming. It is not to be found in

Taking the world as whole, sengers in the steamship

Newfoundland, were among pa

deserted the statement

bathe must perforce go to the issued yesterday

we may see for the time being Scotia, which has just completed "patio."

aspect. All Nova

life tu in tha affernoort

open-air swimming pools (or and published else

a certain reluctance to sell to her Grat post-war voyage

dive into the murky waters of where in this issue. The strikers'

un. We may

from

The Patio also witness a Liverpool in St. Johns Reuter.

the Guadalquivir ftko!f," which representatives, without hesita-

The Sevillian "patio" bus thousands dò. It's dangerous tion, bave accepted the present at

been widely sung and praised by currents, however. often pro € titude of the employers as a direct |

Spanish poeta. Anything more duce a list of victims in the challenge: and it has to be ad-Mail").

exquisite after its kind, more summer. mitted that external appearances

Philippine Air Lines, Inc.

MENDER L.A.T.A.

SKYMASTER SERVICE Hong Kong to San Francisco via Manila and Honolulu. Leaving Hong Kong 10th September. Arriving San Francisco 12tli September,

Hong Kong to Shanghai, 16th September

MAIN BOOKING OFFICE PENINIULA HOTEL LOBBY, Tel: 68330 & GNDAL-26. zz

HONG KONG OFFICH atk floor. Pediter Building

Chinese Dept. 23756,

Telephone 22675.

arger monetary system.

and ali that Conference's objectives.

years ago.

past

left the sterling arça, and so no longer can use the dollar pool. Larger System

there is no escape from it. We

week, but it a lesson Bul we have also made the are no longer able to buy freely which we ought not to attempt sterling area part of a

to teach until we have put our much from the dofter areas. There.. make proportionate reductions By fore we cannot be expected, to own house in order.

in our purchases from the non- dollar area, which is what non- discrimination implies. On the contrary we muat buy from the non-dollar area as much as we

We also have to see how much

BRITAIN AND GREECE

the centre.

Cafe Scene

A morning saunter, to mix with the throng in the cafe or canino gives one insight into the people's character, Tables there are certain streets where Qutaide are everywhere, but

go before luncheon the women being generally at

-glasnop... «["Manzanila,”-dhe-

the men

been built up, by virtue of painside the fence lies the rest of other countries will be prepared/Raid tedny that Britain felt pass without one funeral, these home) to drink their amall

CENTRAL AIR TRANSPORT

CORP.

SERVICE FOR PASSENGER & FREIGHT

NEW TARIFF FROM DATE

HONGKONG TO

AMOY

ares.

100 Years Ago

(From the files of the "China

tres,

trom

BARCLAY ON BRIDGE By Shepard Barclay

"The Authority on Authorities"

SEARCH FOR A 44 FIT

·

return

diamond K-8

very

are

hus

Ita

as in the rest of Spain, but the

perfectly ordered, delicately ar All over the city there are We were lately induced to visit.

ranged and beautifully kept stalls and barrows selling ice are in their favour. The hint Macao, partly to learn what was

than the courtyard of a Sevi cream, and soft drinks of u!! that an undefined number of going on in that quarter !

lian gentleman's house would flavours and shades. workmen would find themselves partly for a Suunge; and we may

During be difficult to imagine.

theso hot days Sevillians con- unable to get their jobs back was remark that on board the steamer

Canton"

The poorer classes follow suit same many "higos Chumbos" wo were extremely ill-advised. The discovery that comfortable and quite agree withi

and Q, then decided to try to

with success. All houses have (prickly pears), which they. the CE.L. and the employers had those who wish these trips were

There aqueeze East between spades and their "patio."

are no consider drofreshing fruit. quite different ideas as to the weekly during the 'kummer months.

diamonds. To get his timing, he massive doors such as you see The prickly outside skin is However this is a malter of | persons to whom agreed basic pay

in If a player is oing to have led the spade & and let the 8 win in Castillo, giving the aspect pecicd off and people eat the increases would be held to apply movements of the "Canton" will all probably the most profitable then won the dank in the spade wrought iron gates which got the eating of "higos chumbos

dividual feeling-no doubt the any special tendency in the bid-it, discarded on two more clubs, of a castle or o prison. In- soft and juicy interior. A good came extraordinarily late in it be regulated by other considera. would be one which makes him K, then led the heart 7 to the K. of the enticing picture within. from the typical earthenware

aro delicately-drink of water usually follows... with the A. He took day, although logic is on the emtions, first, profit second, the search primarily for a major guit ployers' side. On what seemed greatest amount of inconvenience

That pinched East. The dummy The "patio", usually has a mar drinking vessels at hand for all fit of four cards opposite four to them to be new conditions, the to the public generally,

still retained the Recently, a correspondent in strength, such

cards. With a medium amount of and heart 3, and the closed hande pavement or one of pretty customers. strikers delegates had no authori- Canton has bean commenting up produce game more often than any East, with the spade J-7, could lain, palm trees, plants and pourer quarters on any avali.

19re often the way the spade A-10 and diamond 9.lue tiles, a collonade and foun- ty to continue the discussions and on the policy of the Macao Gov-ather effort, especially if either not toss one of those without pro- flowers, with here and there able piece of ground, with very 2. Open-air cinemas in all the the employers must have been well ernor, of which he does not appear of the partners has a doubleton or moting the 10, so he discarded coquettishly-placed aware of this when their final to think very highly. He may be singleton which renders possible from his diamond Q-. Then the singing birds. And over

enge of reduced prices, provide amuse- 300.- proposals were submitted. Could Light or he may be wrong: buthe use of one or more trumpa for spadę A, diamond 0 to the K and top in summer is on awning to until after midnight.

themont for thousands of families 100.- cunditions have changed s and he

sufling. Prejudice in favour may expect that in A

last three keep aut the sun's rays which 200.- materially between Friday and colony where the press is free, his such a contract will pan out better diamond 8 took tho

Horse-driven open carriages Monday? If such is be public character will be scrutiniz- tiam which so many players show

in the long run than the favour tricks.

produces a pleasant soft light come into their own in summer. urged, the facts presented willed at times, as to his private

on his over the whole scene inside. And nothing Is more enjoyable to No Trump game trica." need to be more convincing than Indifferent for anything we either

character, t

Here in this ideal setting for-than a midnight drive, especial may be good, bad, or any so far tendered. Altogether, know or care. Wo have always it looks to be a poor, use indeed, looked on him as an energetic of the bargaining-table, parti-officer; well fitted to bo Governor cularly harmful at a time when of a Portuguese settlement, but there might be a danger of it quite unfit to govern an English $98 flating the dockyard strike into something else.

(FARE) Tuct. Thurs, & Sat....... HK$180.-

CHUNG KING

KUNMING

..Sat.

Tues., & Thurs. .....................

LIUCHOW

Tues., & Thurs. ..............................

SHANGHAI

.Tues., Thurs., & Bat. *****......... 350,- ALL VIA CANTON ...minute

35.-

Special low rate for Baggage & Freight FREE BAGGAGE ALLOWANCE 30 Kilos

EFFECTIVE THIS DATE

HONGKONG-AMOY-FOOCHOW-TAINAN

WEEKLY ON TUES. & FRI.

FARE: H.K.--Swatow

H.K.-Foochow

H.K-Tainan

OFFICES:-

HONGKONG

Shell Hous

Tel:-~23878-21811

£7865

•HK$120.-

HK$250.- -300,-

KOWLOON Peninsula Hotel

Lobby

Tel. #5948

to

ORPHANS FOR AFRICA

Senhor Amaral is a public man.

settlement.

TO BE LET:That large and commodious dwelling house, situat. cd in Stanley Street, commanding a fine view of the Eay, at present occupied, by the Asiatic Society. Apply to Bouglas Lapraik

WANT SHARE OF

PROFITS

SA 10 5 4 HAKD4 D0'7 4

CAB

HJ136

DJ 10

10:73

N W E

S

SK 6

SJ732 H 10 DQ662 CK QB2

II Q.7 8.2 DAK 83 C 6 5 4 (Dealer: North vulnerable); North East South

18

and'

If North had bid 2-Hearts in. stead of 2-No Trumps second turn, South would have rais- ed to 4-Hearts, an easy contract gather the Sovillians to talk ly, if the moon is up, around in which anyone could lose only over the events of the day, gos- the charming "pascos" one trick each in hearts, clubs andalp and discuss the latest tom pinzas of old Sevilo with over- diamonds to get a game worth|perature.. During the hottest 20 points more than the extreme-hours.. the women may be seen gardens, date

prching acacia trees, beautiful

palms, ly. dificult, 3 No Trumps

Grango steadily manipulating their and lemon trees.

But with the fans..as only Spanlah women temperaturo at 104 degrees in can. In the afternoon when the shade,; you have to get nobody would venture into the through the torrid, days before street unless obliged to, chat- enjoying the gorgeous nights. ter in the "patio" ceases: It

Tomorrow's Problém

Neither side SKU

2D Part

Роли | @NT*· ·

INT

HAQ72 West DJ 109,6

Past CA 92

SAJ7

HK 8 0 3

DK 04

0.80.8'

N 19994

is time for the alesta

One of Seville's outstanding characteristics in summer is the awning. Some of the prio- cipal streets are covered with 0 10 54

WEH1094

DQ872

'S

8.10 8 4 3 2

HJ B

DA 3 OKQJT

Pretoria, Sept. 8. One hundred, orphatis, from Germany and Austria will shortly be brought into the Union by the

· Brussels, Sopt, B. The average declarer would Afrikaans Children Fund, with the permissions

More than 20,000 fron and never take more than eight tricks of the South African Government

steet, workers in the Llege dis- in that contract after a, club lead ganisation will be allowed to upon trict struck today in support two in diamonds and one in clubs -two in spades, three in hearts, Bor the entry of more han of demands for a large share this one, a fine cardsman, had a vulnerable). when i proves it has auticleitt of the profits of the companies terrife job to pull it through by funds to maintain the children un- for which they work,-United means of a squeeze, He won the wol on this deal after West opens What bidding would you coun», [ill they become of age-Reuter. Freon.

second club, scored the heart. Al with. 1-Hourt?-

The or.

(Dealers Bouth Neither alde

40-HOUR-WEEK

Melbourne, Sept. 9.

hige awnings, which stretch A full arbitration court han from one roof to the other, granted members of 63 trade There are awnings everywhere, unions a 40-hour week - effective Of course, it is possible to have the first pay period next January, 1 these in the narrow picturese 20-year-old 44-hour weak This is a cut of four hours in qua" streets "of Saville.

standard. Som。, 900.000, workara Wido, straight avenues af throughout Australia will be af ford little protection against fected by the change-Anrociated Andalusia's burning sun. The Press.