1926-08-13 — Page 2

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GAELIC

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Smuggi

THE HONGKONG DAILY PRESS FRIDAY, AUGUST 13rm, 1926

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SECRETS OF SOUND FINANCE.

MR. UBURCHILL'S ADVICE TO BANKERS AND MERCHANTS.

DINNER AT THE MANSION HOUSE.

Mr. Winston Churchill, Chancellor of the Exchequer, was the chief guest at the annual dinner of the City Bankers and Merchants at the Mansion House on July

14th.

Mr. Churchill said: I want to give you the secrets of sound finance cultivate peace and good will; work hard; avoid profusion; save, balance your budget and pay your way; do a fair day's work for the money you earn, and be sure you may gain a stable currency.

The success of every Government must be judged by ita success in the field of tound finance and stable currency

DEBT SETTLEMENT. Referring to the debt settlement with France, Mr. Churchill said:

I am glad to think, so far as one can judge from every organ of public opinion and the general feeling of the -House of Commons, that the settlement of our debt with France has, on the whole, been received with a very dis- tinct and definite measure of publie acquiescence.

deal of praise from some quarters which We could no doubt have won a great pass for being instructed and are cer tainly articulate, if we had used the same rigour to our debtors as-had-been meted out to us. I am sure, however, it would not have been a wise or far. sighted policy for the British Govern- ment to have won obeap cheers or to have secured a ramshackle reputation for firmness by making demands which would not be agreed to or by making an agreement which would never be carried out. I prefer a compact settlement to

shadow,

THE COAL CRISIS. Regarding the coal crisis and its effect upon national finance, Mr. Churchill said: The coal dispute has now lasted tea weeks and it will probably conticue for some time longer! It would be wrong to close one's eyes to the fact that it is producing grave and deepening effects

..

HONGKONG VOLUNTEER DEFENCE CORPS.

[ORDERS BY MAJ, R. MELVILLE SMITH,_M.B.E., ADMINISTRATIVE COMMÜNDANT.]

No. 938.

1-SAND TABLE: SCHEME,

A Tactical Scheme will be held under

the direction of Major F. C. Roberts, V.C., D.S.O., O.B.E., M.O. on the Sand Monday, August 18th, 1926, at 6 p.m. Table at Volunteer Headquarters on

Subject: Rear Guard Action.” N.C.O.'s as possible will attend

It is hoped that as many Officers and

2-RIFLES.

Many members of the Corps are at present keeping their rifles in their own possession. This practice is contrary to regulations.

Afembers are reminded that all rises Headquarters, il Armouries at Taikoo when not in use, must be kept-at-Corps

and Kowloon Docks are clcséd.

Those members of the Corps now in possession of rifles must return them to Corps Headquarters without delay.

GREEN ISLAND CEMENT CO., LTD.

Best Portland Cement.

SHEWAN, TOMES & CO.

Where

GENERAL MANAGERS;

HONGKONG.

Jaba

Portuguese,

[36

English and

3. ENGINEER COMPANY.

Corps Headquarters at 30 p.m.

Wireless Signal Section will parade ap

Monday, August 15th, 1926. All members attend. Dress: Mufti. are asked to make a special effort to has been since the 16th century, a Magnet attracting from Europe all who sought Trade, Adventure or Gain.

Dutch in turn Struggled for Mastery,

4-MOUNTED INFANTRY CO

.

Mounted Parades at Stables at 5:30 p.m. on the following dates:-Thursdays, August 19th and 19th, 1926, and stable daty daily as detailed by Section Com- manders.

&-ARMOURED CAR COMPANY.

Lecture by Major F. C. Roberts" on Monday, August 16th, 1996, at 6 p.m.

Drivers: As detailed.

6-STRENGTH.

strength on August 9th, 1928, and posted The following is taken on the to the Mounted Infantry Company:~ No. 1066 Pte. G. G. Stopani-Thomson.

7. TRANSFER

No. 643 Gunner A. W. Summers, Artil-

upon the national wealth Neverthe-lery Company, is permitted to transfer less, confident that we have done our best to reach a settlement, we have got from July 20th, 1928.

to the Mounted. Infantry Company, as to face the struggle with courage and determination.

It is a remarkable fact that neither the general trade nor the general fin- ance of the country has yet suffered anything like as severely as one would have expected when it began. Indus- tries are still standing the strain with remarkable endurance. The brunt is falling on those parts of our island where trade unionism is most powerful and where trade unionism as a political factor is most marked (Applause)

What is happening, therefore, in this crisis, and has been happening in a less intense form during the last few years is that the most depressed industries have been further depressing them selves. What we are witnessing is the melancholy and appalling spectacle of industrial Britain tearing itself to pieces while larger portions of the nation re- main far less severely affected by their convulsions.

The fruits of the policy pursued so. recklessly by the more extreme leaders

of modern trade unionism are now

8.—LEAVE.

No. 919 Pte. J. M. Henderson, No 3 Platoon, is granted leave from September 24, 1926, to March 1st, 1937.

9.-RESIGNATIONS.

The following are permitted to resign from the Corps:

No. 490 Pt. H. A. Pearson, A/C, Co.,

dated August 31st, 1920.

No. 819 Pte. A. L. Statafeld, Reserve

Co., dated August 7th, 1926. No. 627 Spr. R. E. Farrell, Engineer

Co.; dated June 15th, 1998.

10-STRUCK OFF.

The following are struck of the strength, as from June 15th, 1896.

No. 514 Gar. F. C. Goodman, Artillery

Company.

No. 895 Spr. W. E. Dickinson,.Engine.

er Company.

11. REVERSION.

visible to all eyes. Nearly one-third of No. 3 Pintoon, is permitted to revert to No. 833 Lee. Corpl. P. M. Stewart, the trade union world has for many the ranks of Private at his own request, weeks been earning so wages, exhaust-

ing its small savings, exhausting the as from August 9th, 108.

credit of the little shops with which it deals, living helplessly on the rest of the community or reduced to beg a pittance from foreigners far less paid than themselves.

"SUICIDAL RESULTS:"

G. E. SWINTON, Capt.,

Adjutant, H.K...c. Hongkong, August 13th, 1928.

WOMEN'S SENSIBLE DRESS.

A MERE MAN PROPOSES A VOTE OF THANKS.

A Mere Man" writing to the Daily Mail

"As one of your male

says:

Such are the suicidal results of the policy which has been pursued under the influence of the extreme elements in the trade union movement." It inf juries no one sooner and no one worse than those poor and unfortunate people readers who believes he represents most for whole material-welfare trade union- iam has accepted before all the world of the other millions, I should like to the prime responsibility.

Apropose a most cordia! vote of thanks to all our feminine relations and friends for the very sensible and charming, light and bright, and generally refreshing way they now dress themselves and their offspring.

I wish to make from a national and non-party platform a most earnest ap peal to the leaders of British trade unionism, pad not only to the leaders but to the leading spirits who are not always the leaders in that movement. ... My appeal is that they should not purane political aims at the expense of the bread-and-butter interests of the labouring people employed in the great basic industries. (Cheers.)

FORMULAS AND THEORIES, These latter days saw us confronted with. formulas and theories and so-called slogans which were pressed forward in a spirit of entire detachment from the material well-being of the working masses. The desire to build up a new world without the slightest regard for the effects which "such would have on the livelihood of millions of men was the tendency seen at work in recent years.

↑ "movement

The result was that we were witnessing An immense impoverishment of indus trial Britain, especially of the working masses, and were facing a process in which there was a steady breaking down [of the basic "industries upon which the

millions depended.

I am not seeking to frame an' indiet ment but only making an appeal. Everybody is ready to help them. The Government is ready to help them. We bave shown it by actions which has dis organised two successive budgets and placed twenty-four millions of money at the disposal of a single industry, but

· po one can help'industrial Britain unless industrial Britain will help itsell.

The trade unions were being drawn from the duty of looling after the in terests of their members and the india-- tries on which they depended so that they might be used as mere weapons in (Continued on next Column).

"This, one may fairly say, national exhibition of sweetness and light is universal and not confined to the upper class or to any one class. To one who remembers the heavy, generally black, trailing costumes of former generations, even the terrible crinoline age-well, nowadays women of all ages make life more than ever worth living."

if the trade unionis would eschew the a class werfare. He was convinced that

would grow up quite speedily a spirit of visionary; theories, of world reform there co-operation to which it would be easy for public opinion and Parliament, so far ac it were necessary, to induce or compel employers to conform.

He had great confidence that we should get through our present difficulties before injuries were inflicted on the community so deep as to cause a permanent set-back to our prosperity,

t.

It is not yet too late. Underneath the confusion and general check to our commercial and industrial life caused by the coal stoppago all the signs are present of a distinct and even strong revival of our trade.

portunity which has presented itself is Better times are at hand if the op- not thrown away. I do not doubt that an early settlement in the coalfeld 'upon a sound economic basis would be swiftly followed by a rapid all-round recovery in trade with a marked dimination of unemployment and an opportunity of securing within the next few years bet- ter and more comfortable conditions of living for the great wage-earning

masses.

To-day it is rapidly becoming known as one of the Gems of the Pacific-The Pearl of the Orient-and attracts Tourists and Visitors from all parts of the world.

To those seeking relief from the oppressive and trying local sum- mer, there is no place which hokis forth such a pleasing-prospect of Complete change of surroundings, of secenery-and of climate.

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Wonderful ancient Temples

Motor tours through magnificent scenery

Dolce far niente, for those who prefer it, in

Hill resorts like Sindanglaja or Tosari, where

Fires in the evening will be appreciated.

The magnificent vessels of the Java-China-Japan Line sail direct to Batavia, or to Sourabaya via Macassar, and give the traveller the added charm of a sea voyage through Calm and Tropic Seas under Ideal Conditions.

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