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OR DIRECT,CH.HRIUKK,18,QUAI

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TENDAR AND FORK" PÉNT

VANDTOK, ANTWERP-

MR. LLOYD GEORGE HONGKONG STOCK EXCHANGE.

"AT OXFORD.

LIBERAL DIFFERENCES.

зд

MINES AND THE LAND.

Mr. Lloyd George addressed the Oxford University Liberal Club at the Oxford Union recently. Mr. Roger Fulford, of Worcester College, president of the club,

was in the chair.

CLOSING QUOTATIONS.

JULY 17TH, 1930. ...$1,150 sm. Do., London.........181 nom.

Bungkung Bank ག་བ་་་་་་

Chartered Bank...

Mercantile Bank A. & 3...............£30+ nom.

P. & O. Bank East Asia Bank,

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bay buy.

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$291 ---

Chias Underwriters..... North Chins Insurance Union Insurance ********* Yana

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fr. Lloyd George, who was received with cheers, began by saying:-"I have not come here tonight to discuss Liberal differences. You probably have had enough of them, and, if you have, I cer-

0. & M. Steamboata 120 bay,, 281, xa. tainly have. (Laughter and cheers.) Hongkong Tg2 nom. have come hero to discuss rather the work Indo-China (Pref) ............................. 30 bay. which is before Liberals, and how they

Do (Def), 343 not can best discharge it. May I before 1

Shell Transporta meminim Star Farxits... get on say how very delighted I am to

$071 nom. observe from the Press that the illness China Sugars.....

Watarboats.

$15 ea of Lord Oxford is not serious. (Cheers.) Mon Sugart.

24 day. He is a distinguisher figure in the life Benguet of this country, and it is a matter of satisfaction for every one to know that with a few days" rest his health wit be completely restored. He and I have bad our differences recently, but the were not of my secxing, and I feel quite | sure they were not of his either, (Cheers.)

But, after all, politicians are in the

Kailan Mining Au..... Langkate (combined) Do. (single) Shanghar Krplorations Bhaghan Loups..... Baurs san Tranch Mines

Urai Carpiansmi HK.& K. Wharf... FK & W. Docka.

| habit of differing, and it is a rather ngWE ******* markable fact that, if you go over the New inginearings. list of men prominent in the public eye Shanghai Dooks.. in every party, there are no two of the H.K.&. Hotels.... who have not had serious differences with each other during the past few years. Bongong Lands Take the Conservative Party. There is HK.Territorials

Realty Mr. Baldwin and Mr. Winston ChurHK. Developments. chill-laughter)-Lord Birkenhead and Humphreys Estates Sir Austen Chamberlain. They have Prince's Building..... only just made up their differences quite Rural Lands ......................... recently. I should not be surprised if Ewo Cottons.................. there are not a few differences still left | Orientale .....................................Tis, among them. There are differences Shanghai Cottons (old) among Labour leaders, and they are kaleidoscopic

Chins Buses earmar Hangkong Tramways Ponk Trams (sid)

Da, (now)... Tan.................. Singapore Tractions

The only trouble with us Liberals is that we seem to thrust our troubles obstrusively on the public. These things are a question of difference of tempera ment, and they will always remain as long as you have different types of per sons making up the leadership of any party, and the less one says about it the sooner will these differences be heal. ed:"

Do.

Amusements nyernetba Danton Leeg.......... Dements (combined).

--Do.

Do.

(old) (now)

33 buy. ..*14 zom.

.40/- 20m.

TL. I buy. „Tis, ligj 201, „Th. of hom.

Tla, 7 nom.

$41 boy.

'BROW

.64%-bay.

Sissi bay.

$544, nom.

T: 170 buy.

Th. 5.90 buy.

Tia. 119 buy.

$11.10 nom

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$5 mon „ið eta, sel. $143 bay. ..$90 sel. ..$1 bay.

11. 8 buy. 91 m. 9,35 buy 270 sal. ...... Ils, 81 Day• «

The. 26-buy. The 10 bay. $95 nom. $16 buy. $7.50 nom.

..10/8 buy, 13. sal.

.53 soli

$11 no

$7, nome $13400m

12 nom.

Chins Lights (combined)......$21 nom.

Do (old) ......15) nom.

j

... nom.

PRESENT-DAY TASKS. Continuing, Mr. Lloyd George said

Do. (new) now.." that each generation had its task. Some- China Providents........

..$5.7xel. times it was a task of its own choice, Constructions .... sometimes it was a task which was writary Farms.... tea for it on the board by the inexorable Enger of fate, often in red letters. (Laughter and cheers.)

& Wings........ Hongkong Ectrica Macso Electrica HK, Kopas (combined)

10

(old) ....... Jo.. (DOW)..... Lane Crawfords.. Mackintosha................. derso

Uued Asbestos Watuose (old)........

„016! bay. ..$8 sel ....$68 nom.

no

... Bel ..$10 sel ..$5 sal

..$19 nom.

$11 num.

$90-nom.

$13) nomi

towell buy-buyers; sal—sulleri; merendal nom.-nominal.

The great present day tasks he would. divide into two. The first was to cotab- lish peace and good will among men at home and abroad. (Cheers) Make their League of Nations & reality, He regret ted that the League had been imperilled by the action that followed Locarno seriously endangered. The peril was greater than most people realized, but he thought that peril itself had frighten- ed those who were responsible for it, and there were signs as if they were retracing the steps they then took. They must have all nations inside to ensure peace, and there was no worse peace than that which contained in the minds of its signatories reservations which were not written in the pact itself. If they said on the face of a document: "Here is a League of all Nations where all nations shall be equal," nad in their hearts said, The inequalities of society at the pre- Germany shall not be in the League,inue. There were certain essentials to

sent moment were far too great to con

Rusi shall not be; we aball make ar

longer hours, then their leaders were curled to say that the first thing they had got to be assured on was that, if those resources were used to the utmost of their capacity, whether there was not enough to pay a decent profit to the capitalist and good wages to the worker.. 3,000,000 SLUM DWELLERS.

rangements to outvote them if ever they woman, and child was entitled to, so material well-being that every many came in," that was a peril to peace.

Equality among nations was of the long as they conformed to reasonable very essence of the success of the League. conditions. What were the conditions? (Cheers.) They would never know peace Labour and good conduct. So long as in Europe or in the world until Russia men and women conformed to these con- was included in the fraternity of nations.ditions there were certain essentials of (Cheers.) He knew it was not a popular material well-being that they should have thing to say, but unpopular things were as their right. He regarded as the not always untrue, and popular things minima: adequate food, raiment, air, were not always true. Russia was pro shelter, light-be meant the light of a healthy exist- vocative. Russia in some respects was Heaven to maintain not quite keeping its arrangements with ence sound education--that was a very mental, the nations. (Laughter.) Russia was controversial topic-physical, doing things that no country had a right and noral,, reasonable leisure for recrea to do in another man's domain. He tion, for enjoyment, and culture. This agreed that there was no doubt about country could afford to supply them to

Fall-its-citizens. Did it An-authority, it: all the same, they would never get peace in the world until every nation-stated that there were-three-millions of that could make war was ready to make men, women, and children living in peace. (Cheers.) They might say a Bol- slums in this, the greatest Empire on shevist Government was a bad Govern earth. ment, so was the Tsarist Government a bad Government. (Cheers.)

COAL AND THE LAND.

What was the use of talking about freedom if they had millions of people tethered to slum? These conditions in their citice lowered the vitality, took away the vigour, reduced the efficiency of He came to the next point peace at the race, and in the interests of the home. They had not got it. He was not strength, might, majesty, and honour of referring to the domestic troubles in the Britain, the sooner they got rid of these Liberal Party. (Laughter.) He was reconditions the better it would be. ferring to the industrial disputes, voi (Cheers.) which the present. great industrial dis There were men who would make Eng-

pute was only one out of a series.

To get pence at home they must first land a red and blatant land. He was against them. (Laughter.) They were of all create an atmosphere of greater the enemies of real progress and reform. trust and confidence among all classes There were, on the other hand, those who in the justice of the social and economic would keep England dark and murky system. If capital was to remain in con- and dingy and with patches of squalor trol and direction of enterprise there so long as they could distil enough wealth must be the feeling in the community out of the grime to tice to happier and that it was making the best use of that more brilliant areas He would have control and direction-in fact, in another neither the one nor the other. Let them word that it was efficient. The use made have England a green and pleasant land, by capital of its power had been inves: (Cheers.) tigated in two industries mining and the land-and they had not come out of it

LIBERALS AND THEIR LEADERS.",

well in either. There had been three in- Mr. Aubrey Herbert, who proposed a quiries within recent years into the whole vote of thanks to Mr. Lloyd George, said of the coalmines of the country, and they that for ten years the Liberal Party bud came to exactly the same conclusions: suffered a good deal from its leaders. It with regard to the mines, that the whole was not right that Liberals should be of the mining industry ought to be re-enlled upon to follow loyalties when they constructed. That was the foundation wished to follow principles. I these of the case of the miners

things were to go on, and he was saro As for the land, was there anybody they would not, leaders would have to who had inquired into the land question be found who would behave themselves. in this country who had not come to the (Laughter.) A. conclusion that they were not making the best use of the most valuable asset that

Mr. Lloyd George, responding, said he quite agreed with Mr. Herbert that, un-

they possessed. There was no country less they could stop wrangling, the best

in Western Europe that was making less thing they could do was to stop aside...

than, or as little use of, its soil as The nation had very serious tasks in they were, When they were asking front of it, and Liberals ought to be

usa

Labour to take lower wages, to work for making the contribution that Liberalism'

(Continued on 'next "column.)

could to the national difficulties.

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