1930-12-20 — Page 5

WAR ON THE MAGNATES.

GERMAN SOCIAILST

MANIFESTO.

War on banks, the Stock Es change and the whole system-of "interest serfdom is declared by the

National-Socialist Gernian (Fascist) Party

in resolutions which are to be submitted to the Reichstag by Hitler's parliament- ary henchmen.

One resolution roads:

"The Reichstag resolves that the entire property of the banks. and Stock Exchange magnates, of all Enstein Jews and their families who have settled in Germany since August 1, 1914, and of all inere i racht value at Ins accrued from war, revolution inflation and deßa. tion, be confiscated in the national interest,"

Other proposals in the Fascist fmahcial programme, to come be fore the Reichstag at an early date, are:

That the highest legal rate of interest be limited to five per cent., of which at least one per cont. is to serve for the funding of the debt.

At the end of 50 years, any debt is to be regarded as extin guished.

Lenders, who charge more than Avo per cent. interest on a loan to be branded as usurers and sent to gaol for at least three months.

No Loophole Abroad. '2-People, who rofuse to re- patriato capital they timy poRBEF Abroad to be fined a sum of money equal to such capital and sentenced to penal servitude for thenchery to the Fatherland,

HONG KONG DAILY PRESS, SATURDAY, DECEMBER 20, 1930.

HONEST WAY TO. TRADE

RECOVERY,

SHOUTED DOWN..

MISS BUSAN LAWRENCE'S"

Pandinonium broke out when sho

ECONOMISE, WORK HARDER,

SOCIALIST CRITICS.. AND CO-OPERATE.”

Mian-Susan Lawrence, Parliamen, Addressing a Liberal meeting at itory Secretary to the Ministry of 1ntley, Mr. Theodore O, Taylor, Health, was shouted down time head of & well-known Batley profit after time while addressing a sect sharing, firaf of woollen manufae og arranged by the loon Luxur turers and a former Liberal M.Party at Poplar Town Hil

**She shoke on the administration 3-The Reichsbank, private for Radcliffe-cum-Farnworth, co of the Poor Enw banks and Savings Banks only demand Protection de policy of to discount bills of exchange-dearness as opporld, to cheapness of which represent purely commer- commodities. It was suggested, he cial transactions."

said, that if foreign cloth was keptį out of England there would be no short-time in the cloth trade. That could not he, a our foreign cloth imports were so small a proportion of the cloth we used that if British mill, got orders for it nii it would

Miss Lawrence, in reply, had' make comparatively little differ-only uttered the words "If we had A majority behind us when there was renewed uproar, and many of her audience began to sing "Toll me the old, old story k

A banker or a bill broker who breaks this regulation to be fined £500 and besides render himself linbla to a term of imprisonment 4--All futures" to be for- bidden and calf ensh transae- tions to be authorised on the Stock Exchange.

Stockbrokers breaking there regulations to go to gaol for one

-month.

All dealings in securities to be abolished.

5. The present insanely high remuneration of managing dires Lars and directors of companies to be reduced in the interests of the community. Theso confiscatory proposals alarm among have caused some tlike Gorman financiers and indus- trialists, who, out of fear of Socialism, have unwisely subsided the National Socialist Party,

ence to 115.

remarked that there were some "who drink plenty and neglect their children:" There were shouts of

Good old Tory,"

A heckler cried: Why does not the Labour Government use the Emergency Powers Act to deal with the unemployed?"

Pointing out that Protection never worked out fairly, Mr. Tay lor said that it would not be fair to this country, for instance, to

When order was restored Miss. protect the vloth trade without pro-1

Lawrence spoke the difficulties of tecting the food producer. After dealing with local authorities who two or three years of undignified thought tant, the Labour Govern wriggling Mr. Baldwin was back where he was in 1923-ng an undis-nent would be going out in three

months guised all-round Protectionist.

"I do not think we shall go out The honest and only way to re-in three months," she declared. cover. our lost trade was to econo- mise, work harder and perhaps longer, and for employers and em: played to cooperate instead of (Continued an nert Columa.)

1

fighting each other. There must also be a drastic reduction of pub- lic expenditure.

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