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THE UNITED ASBESTOS URIENTAL AGENCY, LTD.

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THE HONGKONG DAILY PRESS, FRIDAY, MAY 161π, 1921.

A NEW WORLD."

THE BEST CENTURY. CONFUSED PARTY SPECIFICS" Lord Birkenhead has come forward as a champion of his own time says the Dally AVOIDING THE USPERASANT.

-Telegraph.

Praise of the signteenth cen- tury as a golden age of cool deliberation The following Icttur appears in a recent and sound argument must needs have its isue of The 2747-

sting for our debaters and statemen. It Sir,You have lately, had with good stirred Lord Birkenhead's meek spirit to esuson, laid stress on the necrsity of our retort that he did

in the Fooognising, as a nation, some of the un of the

eighteenth century. any** dazzling pleasinghe realities in the field of ecobrilliance, unless it was in the immere omka dwels upon by the speakers at the and incredible consumption of alcohol conference of the League of Nations Union. We are, indeed, oh unemployment. But is there much to see a Prime

rival the younger. hope at this time of day that any one is Pitt's consumption of

of pore And Fitt at the unpleasant can

can bot himself must here-been a weakling to t

allowed to

or

Mr.

the mee

dodot likely in our

face-shall be admitted 2-

one drank After the war the only possible way of of port at a sitting. The Salvation way that every one should put indeed, cast doubt on this story, potating wok with lesemalament (whether earned up with

d out that

400+

or spearned), work harder, and be

with fewer of the amenities of life, till after

tomb

officer assisted, and

-in

four old BuyWars womethheit the officer t

prosperity was again

liked

one

who

is more speculation and

taking off

But this But this is the que fact that no one will how can we doubt the word of face. The Bonar Law Government, which never pad church without

·EL· at least made some attempt to face in his batt. Yet we would not allow that the was attacked from

theantares of living in

in the eighteenth were merely alcoholic.It was emin ently a comfortable age. A man, as the

every

did not pretend to have a

of

side, because it

for mail a earth.

new bear specie

cen

It being determined that the loss and verse says, could be passing rich on forte damage of the war can, and must be pounds a

charmed.

Ator, in the last, resori,fortably ea a,

by: the

ther

ITC

Jobason knew a clergy- by adroit Irgislation, by man who brought up a

up a large family com stipend of £30. A country aspedient of druvius that gentleman could make a

on £200. figure on two and two make four (as

Prices · were higher as the century wore on tedly did before the wa) the nation till the explosion of the French Revol

political out Greeds of "most partics Bro & gorgeurs nation it was certainly an ask but wa of plenty. medley of mutual incompatibilities Ever This may have been ince 1914 the British people have bean must suppose something was due to good

It

eminently an age

of conducted by their political leaders down management,

na doubt an endless vista of fool's paradises commonsense with the defects, ma This perhaps explains hardly any party makes the

talked, her. of which

when in probable

office to fulfil the

least,

has so lavishly

Opposition, and it seemi

WAS

of that quality Eightchary states

姐姐

not idealists Were Bo

wo fear,

thought but little of the brother.

hood of man and, the world. They

They made, as ration of the

will be bounded into the wilderness with air to add that they fut it in enrol

που

Birkenhead that each one in turn, after a brief wel- reminds us, some conspicuous blunders

a matter of taxation, they 32 Iostias come and a kill briefer period of trial,

the American colonies."

Canada and a howl of execration ever growing louder

India. It and more embittered. It also

It was not an adventurous age, Liberals explains

Fet it sent out men like Clire and W and tires only seem

ly sem, definitely anti-Socialistic re

Haatioks and planned the voyages of when they are in Opposition

Captain Cook which and when

gave the in office dabble weakly and ineffectually return to its literature, though we may

tries of the Pacific to British

It in Socialistig expedients; while the

Labour t who are at least consistent, are not find the fruest poetry or the light of

Frock

coun

***Gecialistic in Opponition but do romance, where is there greater humour

is |

not som to be much worse than anybody where is the sounder Enowledge of man else when they come into

and the world, where is there more quiet PORET

good sena than in sometimes tempted to suppose that t

the righteenth-century rate as regards the leaders, the de books. Those things we may do well to marcation line between parties is merely remember, beside our own" dazzlin

distinction and not a difference, or that.

that achievements?

which Lord Birkenhend

捻

we are really governed by a Fabianized proclaims. And perhaps, in the reactions Civil Service, and that it matters less since the war which be confesses and de than the proverbial row of peas what plores we should be none the worse for particular faction adorns the Ministerial some of that cool criticism of enthusinate benckus in the House of Commons,

and charlatans in which the eighteenth century excelled.

MAZE OF CONTRADICTION Que result of this pleasing confusion of aims is that men may approach the citadel of office by diametrically opposite routes. Mr. Winston Churchill row a pears as the great opponent of Socialism, 3t as a meaïbár of the taition Govera.... ment he was jointly responsible for that mase of uneconomio legislation which sur- rendered The whole basis of individualisa He aver made any kind of protest against. confiscatory

death

excess profits tax, cr the Rent Restriction:

perhaps Jon Art-E the most unjust and mi

mischievous measure over put upon the Statuto book Mr. Asquith, by the way has just said that Mr. Wheatley's Rent Bill has for the first time in reduced what he

the

aan iniquitous and invidi

the principle, namely, of directly

ing one class of investors. But this, with all due respect, is, as Euclid would have sud, absurd. The different between Mr. Wheatley's Act and the Rent Restriction At is, after all, only one of degree, and the former is in one serse only the logical outcome of

of the latter.

condemnation The

A been

of the Coalition, is the greater for they sinted spainst the light. The light of

Party

in this matter has always economically speaking, the frankrat most impenetable darkness, Those who to their honour opposed, the Rent Restriction Act and accurately pre dicted the lamentable results that

have followed-Lord Banbury of Southam, for instace, and the small band of orthodox economists are the men to whom no ever listens, who are supposed to be the back numbers of the political world, per haps because they do not parade that

idealism

which, whatever it may he in intention, is too often in reality merely tho pretentious insincerity which catches

votes but ruins nations.

Just imaging the of contradiction into which the pious resolution to avoid the unpleasant has led us Statesmen can not stir a step to realize one promise with out antangling themselves in the wreckage of another. It admitted that a lower ing of taxation is absolutely essential, and ret any conomy that

fee of social N 30120 sacri

do thats The great

all

esonómicę

HONGKONG SHARE MARKET CLOSING QUCIATIONS,

MAT 15TH, 1924, Hongkong and Shanghai

Banks.

$1,170 BI

Canton InsurancIA Union Insurances

C. M. Steam ““Sine” Feries.

Chine

longkong Fire Insurances HKC

21...

Sugars

Langkats (Combined).

The 24

Kowloon Wharves

$161

Whampoa Docks.

31-45 b.

Hongkong Lands

Hongkong Hotels $1ij (old) #11§ (new) b.

Estates

Haton Mills,

Ewo

Cements Hongkong Ropes Dairy Farins Watsons

Hongkong Electrica Hongkong Trams Peak Tramways

Shell" Transporte

b.-buyers; s.--

Ti 12.10 b.

(old) $5.65-(dew) b.

nominal

thern is every likelihood now that his taxes will be still heavier that parties of al- mentary school children may be treated

paternal Board of Education to the

Wembley Exhibition, provided, of cours in this post-war world of idealism un- tempered by common sense, there are so many provisos necessary that organized

Labour allows there to be an Exhibition to visit I am, Sir, yours, &c.

EE ROBERTS, Southam House, Leamington Spa, April 3rd..

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HONGKONG.

Prep Labour and, the apparent determ. No. 289,

Labour to bring down

chocse this profite to

particular ALL KINDS OF BUILDRES" to the Universities which at the time of

BEQUISITES IN STOCK tions andawindats to: greatest prosperity we profored cursives anable to afford. The Univerosimust be accessible to every one, and therefore fear ust be low, but, on the other hand, pro must now feceive much t as we have long desired. but have

What

not been able, to give them, and therefore tuition fees must be put up. The State, therefore, must provide large grants for scholarships, but the State, alas! is valy durselves writ large, and these grants will increase the pressure of taxation and local, rates on the poor professions! man who, desire to nd his son to the Univerities

he gains on the swings he will only. lose on the round-about. Eyon before the university stage is reached, though he may be ready to

to pay for the schooling of his soon, he may find that they are crowded out of mich secondary schools as are with in his mens by the free scholar sent op from the primary schools, for whose edu- cation," he is taxed, while, as a roomt cor. respondant to The Times has nointed out, (Continued on nezt column, 3

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