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VICKERS LONDON CIN
The Thy in throne
The Label which CERTIFICATE OF PURITY!"
"Both Brands are Feneficial
FINEST LONDON OLD TOM Finest London UngWEETENED
THE HONGKONG DAILY PRESS, THUESDAY, SEPTEMBER 19rs, 1933.
A SOCIAL POLICY.
LABOUR FALLACIES....
THE INEQUALITY OF WEALTH.
men weid to be discharged for fn=" efficiency. These problems that had to be solved before Socialism is possible were, in histoplsion, insoluble Even gradnak Socialism, the, taking over of certain large industries, had great dan- gves. It wouli ndd to a danger that was Mr. R. H. Brand delivered a lecture to already threatening to democracy. Paglia- the Liberal Summer School at Cambridge mentarians said that the machine was in on August 7th ou Some Reflections un danger of breaking down through the Socialism and a Social Policy."
Weight of the burdens on, it, and yet it He suit that Mr. Max Beerbohm had duties, Further, Government control of was proposed to add an extension of depicted the young man of to-day gain any industry-must lead tika" alowing into the future, which was nothing but down" of the machinery, as no import large question-mark. This caricature epitomized the age. All classes questionant decision could he taken without the consent of the Minister and devolution A all things. If this universal, uurest | had its attractions and possibilities it had der public management meant bureau- ality danger Political power waeracy and the stultification of Parlia
matary Government.. not, now confined to thosis having the ins
The longer his experience of business centive of self-interest to support things is they were; it was in the hands of those the more he saw that everything depend." who might consider they had the strongest on personal management, capacity, in- itiative, and enterprise. Again, produc- incentive to alter all things, but had, as tion would be "slowed down" by the set, no conception of the complex systemi they looked forward to transforming. reluctance of Governments to take the We could not afford to be too rash with risks on which progress depended, and the criticism of |experiments upon our systems, nor could Ministers, subject to
wo be certain tant public opinion, under Parliament, could not have the same universal suffrage, would naturally can courage and initiative as private per-
ous vouturing their own money and that! den projects wholly unsound ceno nically, There might have been "justif those who necepted the risk with them. feation for another view before the 1st State enterprise would involve, au cond four years, but when the history of the mic less to the community beenuse CO., LTD. reparations question and the duinge that economie ignoraner could cause was con sidered, they could not he so sure,
The formintion of a sound “públic [183 opinion as to the true lines of reform
In considering the direction that their was all-importank The Conservatives reforming energies should point, it was supported existing rights, more or less; more difficult to be definite. He had! the Labour Party had tied itself to cften felt that our civilization might be Socialistas and the Liberal Party had the too intricate and top-heavy for the opportunity of formulating a policy of human beings who must attempt to con- reform based on sound economic printrat it. It was against the vast citis,: ciples. The Labour Party's programme against, certain concomitants of large at present held the field at the public scale production of wealth and the far- mind, and there seemed idications that tory system, without which the vast po- Liberals, feeling their impotence, would pilation could not he kept alive, that |be tempted to throw in their let with most of the discontent of the day was Labour and Sceialism; but auch step directed. There was no easy read, nor would be fatal to the Liberal Party's any one 'reform. and it could not bor future. The plain man might well be protanded that more could be expected confused. He listener, on the one side, than a gradual insprovement all along to the vehement warnings of Lord Birken the line in international peace, monetary had and Mr. Winston Churchill as to the reform, education, knowledge, co-opera- Samicence of Sceinlist revolution and tion between Labour and Capital, hu-| felt uncertain, while regarding the niauity by the employers, efficiency on the Socialist visions of a new-fangled, and part, of both, and, he hoped, lessened completely satisfactory universe he felt ostentation and vulgarity on the part of gill more uncertain he saw the defects the well-to-do.
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DAIRY FARM NEWS
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DURING
HUMID
WEATHER
Insects and germs breed and multiply rapidly.
To combat their increased activities the careful housewife sprays freely with
LOTOL
This also produces a pleasant refreshing atmosphere, with just that sense of cleanliness which is so fatigorating during this trying weather.
Insist
on Lotol
Obtainable at All Eeading Stores and Dispensaries.
RADIO EQUIPMENT
"the Tests being made by the Hongkong Hotel Co., Ltd. May be heard in your own home, but be, certain the Set you secure has been approved by the Postmaster General.
We
Guarantee
Our British ada Sets to comply with any future Rules and Regulations in respect of Receiving Sets in Hongkong.
ELECTRICAL DEPT.
Hongkong Hotel Co. Ltd.
DRUGS
PRESCRIPTIONS
[636
When the Ductor prescribes he expects the Druggist to fill tho prescription with Furo Drugs. The
·quality"" of" ear Drugs, Medicines and Toilet Goods is not surpassed Have the Doctor's Prescription filled here and the result will Katiafactory
THE PHARMACY,
be
Tax BED BUILDING (OPPOSITE TO HODAY ST.
it
would he shelteral from the ruthlessness with which the system of private enter- prise "visited incompetence...
AN INTRICATE CIVILIZATION.
WORLD THEATRE
at 5.15 and 9.15
EDWARD
(HOOT) GIBSON
in
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A Thrilling Melodrama of Love and Adventure.
USUAL PRICES.
POOKING AT THE THEATRE.
BOOKBINDING
B
OOKWORMS, Cockroaches. Ants and other vermis which eat the bladings off your choice books, have become so familiar that their destructive inroads are considered to be one of the many ills with which the careful housewife scems unable to cope with. We have found the way, however, to make your books immune 10 the "voracious appetite of these pests. A series of experiments has demonstrated conclusively that bugs will not touch a book which is bound in
11.
FABRIKOID
This material is a beautiful leather substitute which we carry in a variety of cotours and in several dißerent graios. It is waterpicof, hence will not mildew, nor will it crack as leather does in this climate. It is cot more expensive Then cloth std is infinitely more durable and attractive.
KELLY & WALSH, LD.
"PHONE C. 135
EUSSO-ASIATIC BANK.
CAPITAL (FULLY-FAID) RESERVE FUND
அவள்
Rouble 55,000,000 26,960,000
3,300,00 1,730,000
CAPITAL CONTRIBUTED BY THE
CHINESE GOVERNMENT RESERTE FEND
in existing society, but had a feeling that Tnequally of wealth might be diminish most of the comprehensive remedies pro-ed by greater stability in prices, and posed would be worse. Making for the perhaps by changes in the laws of in strength of the Labour and Socialist heritance. New methods wers often sug- Parties were the inequalities of wealth.gested to stabiliz prices, and Cambridge the belief that this ownership of wealth was the home of a theory aiming at coui- arms from owning" and profiteering plete stabilization, thereby removing Pro- and not from work beneficial to the com- terring arising from price fluctuations. munity; and the feeling that the few who The theory he referred to was that of a owned the bulk of the fixed wealth of the moneyed currency, prics being stabilized country commanded the destinies of the by a skilful adjustment of the discount! multitude and exercised as intolerable rate; but there were many diffenities. autocracy of wealth. The theory that all Personally, he would prefer to rely on would be well if the wealth could be taken the gold standard than on the skill and from the few appealed to the working economic knowledge of banker, harassed man who was not, an reonomist,
by politicians. He regarded a return to Thus, some persoas regarded the pri- the gli standard as the first essential. yate ownership of capital as standing and then we could reo-operate with other between themselves and liberty, and some nations, particularly the United States, Aaw in opposition to things as they are to keep the value of gold itself as stable merely the red peril, Dr. Bowley's as might be. calculations, based on the years before the! was, had shown that the distribution of wealth was uneven and that a greater tendency to equality would benefit the community, that the ownership of capital or land, ie, rent, interest, and profit, secounted for over one-third of the total i (in 101 £810,000,000), and out of this £x10,000,000 only twelve thousand persons got an income of over £5,000 a year, that nothing like quality could be attained.
The labour garstion-in Feng is a more without the abolition of the prevent hopeful than thow-journalists and tem of wealth ownership and production, others who pass mpily through the and that if an equal division could be country would have us Believe. It should!!trie en France. made without diminishing the actinal in bo remembered that the railany used by Banque de Paris et des Paya-Baki come the amount due to each family hurried visitors keeps to the day desert Lross Socisto Generale pour Favormer ↳ would still be quite small. It followed areas. ;
Developement du Commerce et de l'lades tric en France... that greater production per head was more important than a mere redistribu; tion of wealth, and that every scheme of reform must be judged on its merits as an instrument for greater production..
PRIVATE PROPERTY,"
HOPEFUL SIGNS. IN IRAQ
PROSPECTS OF GRAIN AND
“CUTTON CROPS.
FROM A CURRESPONDENT TO THE TIMES.")
Anyone who has been off the beaten track knows that the well-watered areas densely peopled, expreially near the sails of the canals in the rive country. While the population of the country as a whole has hitherto been kept low by war, pestilence. and famine, tribal warfare and the hood
to ou
HEAD OFFICE:
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NEW YORK: The Irving, Bank-Columbi SAN FRANCISCO:
Tran Coupe The Crocker Nations! Ban)
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537]
BRANCHES IN ASIA:
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Hoy! A Good Smoke, my Slippers and Armchair.”
THE
view) had rightly concluded that in Amara Division, where formerly there were Daireu.
The Labour Party (in the lecturer's fead are being reduced to a minimum. In Changchen equality, at any rate, wan inseparable perhaps two thousand murders annually. Bar from private property, and that rent, in- there are now not more than fifty terest, and profits scerning to private in hundred. Elementary leas al sanitation dividuals were inseparable from the and cleanliness si}}"reduce the child death Interrat allowed on Current Accounts and system of private property. But the rate by leaps and bounds in the tribes Fixed Deposits. Terms en application. Loca introduction of Collectivism as a complete today it is doubtful if üve children out of Bills discounted. Bystem covering all branches of life was twenty ever reach manhood. And, are
Foreign Exchange on the Principal Cities o. a mere dream of theorists that could there not the inexhaustible resources of the the World bought and sold. never be translated into fiet, When he Central Arabian nomad tribes, ever ready
R. A. RODGERS, contemplated State Socialism as a policy to resume their secular advance northward to be translated into real life the argue the green pastures of the Garden of ments against it seemed to be overwhelm Edlen 1 Sir William Willcocky anticipate ing. Perhaps that crime of having spent the use of a portion of the spring floody to twelve years in Government Departments, Kive half of Iraq an annual watering, or which had brought him inte touch with grow the pastures for the sound breeder ni other Government Departments in South sheep and camels Annual wool-clip
from well-bred sheep is no mean t Africa, Canada, and the United States any agricultural country The convincing argument against it was Another factor which the pessimists.
knowlegde of real life. Did anyone appear to have forgotten is that of the inse acquainted with human nature, who of modern agricultural machinery.
For grasped the complexity of national and example, the Mosul plain, from Dobuk HONGKONG CIGAR STORE, LTD. international trade, industry and fin- the Greater Zah, and the Erbil plain fr apre, actually believe that a Government tween the two Zabs," are both cultivated could control all the multifarious actions | with the old wooden plough, and reaped that were now guided by supply and de- with the hand sickle, in a good year two- mand neting through the medium of thirds of the plain will be under cultivation, prices. He had never seen in any book and the thielly peopled villages are kept on Sectalism any proper comideration very busy most of the year. When machin- given to the fundamental economic prohery is introduced, between 6-10ths and lems of urico and interest. Even in Mr. 9-10ths of the present population will be and Mrs. Webb's books the importunate como superfluous to broad-acre agriculture, problem of interest, this wretched "living culture or cotton-growing, or the seek pas They must either turn to intensive fruit by owning," came back, however much they tried to exorcise it, for. in the tares now across the rivers and farther Socialist commonwealth the individual south; and that apart from the natural in was to be encouraged to save and his crease, which even now causes many from the cleaner Christian villages to migrate capital would be lent to the State.
to Baghdad or America.
je
Nor had he seen any consideration of An for machinery, the Arabie always the immense difficulties confronting ready to use it, once you can prove to him Government when it began to conduct that it paya Then, with rapidly international trade. Our war experience improving railway communications to was no guide to the power of Govern cheapen the cost of marketing prodier, it ments to control industry. He would say will soon be found that Iraq can compete nothing af to other unanswered economic sccessfully in the world's grain and cotton
Do not supply Silppers, and Chair, but They de supply a
GOOD SMOKE.
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or your glasses
Consit
CHINESE OPTICAL CO.
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Teasing to the Firety,
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difficulties, the principles on which wages market, in spite of her "labour shortage 67, QUEEN'S ROAD CENTRAL H. RUTTÖNJEE & SON.
should be paid, bow population was to At present Inbour is so plentiful that it is
be controlled, or the principles on which cheaper than the machine.
Hongkong
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