1934-10-23 — Page 2

Page

MR. CHAMBERLAIN'S

BUDGET HINT

Trade Prospects And Some

Of The Difficulties

(Special Air Mall Service)

London, Oct. 3. 'Sir Kynaston Studd, Acting Lord" Mayor, presided in the absence of Sir Charles Collett at the Mansion House, London, last night, over the Lord Mayor's annual dinner to the merchants and bankers of the City of London. Mr. Neville Chambrlain. Chancellor of the Exchequer, and Mr. Montagu Nor- man, Governor of the Bank of England, were among the chief "guests.

Sir Kynaston Studd, who pro- posed "the Chancellor of the Ex- chequer and prosperity to the pub- lic purse," expressed the hope of the City that the Chancellor would not listen to any suggestion for unbalancing the Budget, that the public expenditure would not be so used as to cause, overspendng and borrowing, and that the rais- ing of the revenue would be done in a way that caused the least possible interference with trade. national and international. :

Mr. Chamberlain

Mr. Chamberlain, replying to the toast, said he claimed that the principles which had been follow ed by the Government in financial affairs even if they were lacking in drama and even though they were styled sometimes ultra- cautious," had at any rate deliver- ed the goods. "They have served to enhance our reputation in the world, and they have enabled us to take the first steps towards the rellet of our burdens."

As Chancellor of the Exchequer. continued Mr. Chamberlain," he had to bear in mind a number of things which made little impres- sion upon the man in the street and which might even occasion- ally escape the attention of his own colleagues. "He knows that concessions and reliefs seldom pro- duce their fullest effect in the year in which they are granted, that the abilities which they involve must be met. He knows that the automatic increases expendl- ture which arise from the growth of the population or from the in- crease in the expectation of life are only slowly diminished by the annual shrinkage in that legsty OF war pensions which was left us in 1918. He knows also that mea- sures designed to ensure the safe- ty of this country may be for a while postponed-but-that-they cannot be permanently abandoned.

The Barometer

What was the strength of the trade barometer to-day, what hopes could he 'draw from it of fair weather in the future. "I am certain that it is unnecessary to warn this audience that any cal- culation based upon returns of re- -venue-is-almost certainly fallaci- ous. Until the last quarter of the year not even the Treasury er- perts can prophesy with any ac- curacy what the outcome of the year may be.

"But there are available--some figures relating to trade which show what the movement is. It is certainly satisfactory to observe that in nearly all cases the indices of production show a marked ad- vance as compared with similar figures last year. Take for ex- ample, the second quarter of the year. I thd that in the cases of

textiles--not generally considered one of our most prosperous indus- tries--the index for the year is 91 against 86 last year. For chemicals It is 109. against 101. For engi-, neering and shipbuilding it is 110 against 97, iron and steel 104 against 78, non-ferrous metals 142. against 104. Railway receipts have advanced appreciably. The ship- building tonnage under construc- tion has doubled, an at the same time the volume of shipping laid up has been halved.

A Warning

"Now, taken as a whole, I think sented by these figures is definite- one may say that 'the picture pre-

ly encou ging. (Hear, hear.) But there is one comment, one qualification. This improvement is really mainly a measure of our ad- vance in self-sufficiency, for it is chiefly the result of the improve- ment in home trade. It is true that during the first eight months of this year British exports ex- ceeded the value of those exports in the corresponding period last year by a little over $20,000,000. But one must, I think, record the

impression that the difficulties of international trade seem to be ra- ther increasing than diminishing, Unfortunately, it is not possible for any one. Government to reopen the channels of international trade by its own volition, or to influence the policies of other countries which are subjected "to their own internal exigencies.

"You may say, of course, 'Why not call another conference?" I have an idea that we are getting a little weary of conferences- (Hear, hear), which seem to re- quire a specially favourable atmos- phere if they are to nourish, and that, for the present, we should do better to confine' ourselves to mora pilvate discussions and conversa- tions

Monetary Standard

"Last year in this room I ven- tured to put forward certain ob- Jects, the achievement of which F suggested would stimulate interna- țional rade. Among them was the éstablishment of an international monetary standard in which all the world would have confidence.

I am afraid, we are not much nearer to that object to-day thàn we were a year ago, but on the oher hand one may remark that' during these twelve months, ster- ling has on the whole maintained a remarkable level of stability.

"It is true that recently it has been showing a certain weakness, which generally occurs about this

HONG KONG DAILY PRESS, TUESDAY, OCTOBER 23, 1934.

MOTOR

JOTTINGS

The New 1935 Equipment

are

Electrical equipment la, in these days, taken for granted, Sa eft- ciently do lighting and starting sets, ignition systems, windscreen wipers and other electrically operated fittings perform their

functions that various

it might be regarded

as cer. they tain that

almost incapable of improvement: In- stances of trouble with the elec-~- trical equipment are astonishing- ly rare when it is considered that there are as many wiring points, in a modern car as in, a small house; but, at the same time, the work that is required of the elec- trical equipment generally is apt. to vary to a surprising degree, so be that improvements have to incorporated as time passes.

As an instance, the introduc- tion of wireless on cars, and the standardisation of electrically operated Tramcators, and some-. times a fog light, has resulted in a demand for increased output from dynamos. To meet this de- mand Joseph Lucas, Ltd., a short time ago, introduced dynamos

with compensated voltage, con- trol, these machines peing con- trolled by, a vibrating regulator so that their charging rate is de-- pendent upon the state of charge of the battery, the normal charg- ing current given when the bat- tery la partly disharged off to s amali current. Just sufficient to balance the current taken from the battery, when the latter "is. fully charged, thus preventing overcharging, although keeping the battery in a properly charged condition.

VOLTAGE "CONTROL

For 1935 the compensated volt- age control system is being more generally adopted, as it is now available on the smaller size of dynamo used on some of the smaller chassis.

In addition to the double con-

tact type of regulator, a single contact type is being introduced. It is of a simplified design, while it is also combined with the cut- out from the constructional point- of view, although it is electrically

-season of-the-year-and-which has-a-distinct unit. The resistances

probably been somewhat accen- tuated by financial and political events in other countries. I do not anticipate that that is more than a passing phase.

He thought it was undesirable to attach too much importance to the maintenance of sterling at a par-a ticular level. He would say "for the umpteenth time" that the polley of the Government was for the present to maintain the inde- pendence of sterling- The Ex- change Equalisation Account was lounded for the purpose of iron- ing out excessive fluctuation in the value of the currency, "We have, never attempted, and are not at- tempting now, by means of that fund to fix the exchange at a given point, to maintain it even within axed limit of values in the face of and in opposition to seasonal or other powerful influences."

"I we cannot hape and pro bably we cannot, to recover at any rate for the present our old inter- national trade the

Government

must do what it can, as, for ex- ample, by the conclusion of com mercial treaties to maintain and

possible to increase our share of what is going, and as opportunity offers we strive from time to time to help industry to help itself to meet foreign competition and to expand the home market."

The Next Budget

I am very well aware," added the Chancellor, "that you would like me to conclude my; observa- tions by a hint, if not a promise, of some agreeable announcement about six months from now. (Laughter and cheers. At this time at the year it seems to me sufficient to call your attention to some of the evidence which is ac cumulating of the continued ad- vance in the prosperity of the country and the fact that hitherto there had been no check to the confidence of the people!!!!

"The bullding plans, approved during the first seven months of this year were of the value of £58,500,000, ́ ́ against £49,000,000 last year and only £37,000,000 the year before, a figure which is of particular importance because there are so many ancillary indus- tries dependent upon the bullding trade and because it gives so larges So large an amount of employment.

"The index of the retail trade in. August this year showed, an ad- vance of 5 per cent., indicating that the general Improvement in the condition of industry is now That's Handel, he murmured. beginning to affect the purchasing

THE CRITIC

Two men entered Westminster Abbey, and one of them listened, enraptured to the strains of the organ

"He plays very well," returned power of the people. (Applause.); the other,

which the single contact regulator puts into circuit with the dynamo field are of the cartridge type.. These are held in spring clips in the back of the combined cut-- out-regulator unit, and so are readily replaceable if necessary.

To meet the demand for still more out-put, a new type of In- ternally ventilated dynamo has been introduced. The out-pus from a given size of dynamo, as In the case of practically all elec- trical machinery, is limited by the amount of heat which can be dis-

sipated. If, therefore, the dynamo can be internally cooled by a pro-.. per ventilation system, a greater out-but may be taken from it. The method of ventilation is to draw air through the dynamo bý means of a centrifugal fan incor- parated with the driving pulley, the cover band enclosing the.com-.. mutator and brush gear having louvres formed in it for the ad- mission of air, which issues through holes in the end plate behind the pulley. Air is there- tore drawn in at the rear end of the machine and drawn out by the fan at the front end, the air stream from the cooling fan of the engine assisting its action,

It passes over the dynamo. As a result of this ventilation system the machine runs cooler and gives an increased output by as much *Las 25 per cent over the non-ven-

tilated domamo of the same size,

This question of ventilation. raises another interesting point the best position for the dy- namo Tests have shown that the best arrangement is for the dynamo to be mounted at the front of the engine and driven by the fan belt, a triangular drive thus being formed. In this post- tion the dynamo receives" the benefit of the air stream from the cooling fan, or, no fan is itted, from the steam of air through the radiator.

"Another interesting. detail im provement on the dynamo 18 the provision of shrouded terminals, and other improvements in the wiring include the provision of a new range of terminal Junction boxes, and salso separate fuse units for use with Tramcators and other electrical accessories, apart from the lighting:

DESIGNED FOR 8,000 г.p.m.

Ignition equipment has to keep pace with the increasing rate of revolutions of modern high-speed engines, and a new type of con- tactbreaker and distributor, having two rocking levers and sets of points, and a new type of call, have both been specially de- signed for high speed sports and racing cars.

These will operate

with unfalling regularity up to speeds of 9,000 r.p.m., which is im excess of any requirement so far. In addition' the ordinary range of distributors and coils for standard equipment for all engines has been improved, and may now be relled upon to work satisfactorily up to engine speeds of 7,000 r.p.m.

A very interesting ignition, de- velopment is the introduction of a new type camshaft magneto arranged for mounting vertically or at a slight angle in the same way as a distributor, so that en- gines designed for use with col ignition may be fitted with these a.minimum of magnetos with

trouble. These are available for both four-cylinder and six-cylin- der engines, and they are of the type in which the magnet system revolves while, less robust parts, as windings and condenser, re- main stationary.

The magnet and pole system is. arranged so that the number of sparks produced for each revolu- tion of the magnet rotor is equal to the number of engine cylinders for which the instrument is in- tended, so that the instrument requires to be driven at half en- gine speed, as is the case for the distributor of a col Ignition sys- tem. The rotor is carried on two, ball bearings, and is built up with a single circular magnet and four or six laminated pole shoes, ac- cording to whether the magneto i is for a four-or six-cylinder ́en- gine.

V.

A very interesting feature of this instrument is the use of a special nickel- aluminium-iron alloy, know~ as Nifal, which has been developed and is being cast in........the works of Joseph Lucas, Ltd. This, material has better magnetic properties than cobalt steel alloy, and has the valuable property of being particularly re- sistant to demagnetisation. A small circular magnet, about as a penny, and four or five times as thick, is so powerful that two side pleces are attached to it to form roughly a horse-shoe mag- net, a small steel "keeper" carmot be, withdrawn by direct pull from it by hand-

Contact Breaker

The contact breaker is of standard desiņu (as used on coll Ignition "distributors, so 25 to facilitate the servicing of there new magnetos. The drive is taken through

ad- the automatic vance and retard mechanism to the rotor,' at one end of which is the contact breaker cam. The contact breaker and distributor are mounted in the same manner as for coll ignition. The advant→ -age of this layout is that no gear- ing is required between the rotor shaft and the contact breaker and distributor. D

The automatic advance me. chanism is contained in the lower part of the body of the instru- ment, and is of the centrifugal

with two pivoted weights. An interesing point, however,, In that each of main weights has plvoted to it an auxiliary weight, these being arranged in such a manner that at low speeds the auxiliary weights supplement the action of the main weights, but. at high speeds they oppose the, action of the main weights. By this means a timing curve of any desired characteristic likely to be required can be obtained. These

exceptionally good performance new camshaft magnetos, give an

at low speeds; and can be relied upon to work catisfactorily uð to engine speeds of 10,000 rpm.

As regards other electrical equipment, screenwipers have been improved in detail, and the typ which is atted beneath the scuttle is increasing in popularity. An Improved driving mechanism for this type of wiper has been evol veda universal Joint being in- corporated in the driving shaft and the two blades being operat ed by a rack and pinion mechan lam New small screenwiper blades are being introduced, hav-- ing twoply rubbers to give better

wiping action, and offering less wind resistance.

CLEANING MUD OFF SCREEN

A

In connection with screenwip- ing, a screen-washing device is being developed for cleaning mud and dirt from the screen. small pump mounted оп the steering column, or some other suitable position, is connected by tubing to the cooling system, so. that when required water can be "sprayed “on to the screen just above the wiper blade in order "that mud and dirt can be wiped

cleanly away," An arrangement provides a Email separats water tank beneath the bonnet, and has the advantage that the water used is then al- ways clean, whereas radiator water may be contaminated.

alternative

Trafficators are a very popular equipment on closed cars, particu- larly the built-in flush-fitting type, with which an automatic cancelling swith is used, this re- turning the Tramcators to the normal position as the steering is straightened up after a corner. Detall improvements making, for better action of the Trafficators have been incorporated.

A simplified Lucas-Startix box' is another unit which will figure on many cars with free wheels Incorporated in the transmission. New switches with locks are also being introduced, so as to pre- unauthorised interference Tent with the car when it is left.

KIND OFFER

A woman and her young son were walking through the toy department of a big store.

"How would the little fad like a game of Indo?" asked the shop- walker, with an eye to business.

"Oh, he'd be delighted, if it'a not taking up too much "of your time," replied the woman, beam ing.

The

BABY GROWS UP

The Morris Eight

reduction in the horse- "Petrol consumption wo kadus- power tax has not only helped the at something like forty-five milles demand for larger cars, it has to the` gallon This way the fig- -encouraged, the manufacturer to UKE... AL--TORvmably, - high touring

turn his baby car into a real small speed with two passengers. -family-car-writes-a-correspond-The-model-I tested was of the

ent.

The new Morris Eight has out- grown the "baby" stage. It is a dainty little vehicle that is cap- able of taking tour full-sized peo- ple in comfort speedily and econo- mically to any destination that is served by

his roads in any other country.

In the New Year it will be tax- ed at only £8. In evolving this model Lord Nuffield has once to' cheaper

again contributed family motoring..

or

RESERVE OF POWER The first question potential owners ask about any small car with big claims is: Is the engine up to its work? The next: Will it really hold four people in com-

fort and still do its work?

The answer to bath question is an unqualified yes!

Its engine is only small in size. During my road test. I reached a maximum speed of just under alsty miles an hour.

Such a speed is not necessary with a small family ear; but the fact that it will travel at this speed indicates a good reserve of power.

It tours along comfortably at speeds of from forty-five to fifty m.p.h...

„SLICK GEAR-CHANGING....

To obtain the best out of a small engine a certain amount of gear changing is necessary,

The synchromesh gear-chang ing system has entirely solved this problem. The change up and down from second to top is fool- proof. The gear lever can be flicked into the desired. position without any possibility of bung- ling. The second gear is silent and gives a good turn of speed.

The top-gear performance is good. When a change of gear has to be made there is no excuke to delay it.

Brakes and springing need no comment--they * are thoroughly efficient.

four-door type. The doors are large and allow you to get in and out of the car with ease. This is specially the case with the dri... ver's door.

I liked the position of the dim- mer switch on the steering co- lumn and the general position of the various controls.

The little car is simple to drive and being simple is safe.

And it is built on the model of big car traditions.

REST OF THE RANGE The combined specialised fac-. torles are turning out on fewer than thiry different models, the prices ranging from as low as £118 to as low as £395 for the most luxurious 25 hp car in the range,

There are five 10 h.p. four-cylin- der models from £185 to £200, Ave 10 hp. ix-cylinder 110 dels from £180 to £230, two 12 h.p. four-cylinder, models £195 and £199 10s, three 16 hp. six-cylinder models £215 to £265, three Morris Isis 18 h.p. models £350 to £570, and three models of the 25 hp. car £385 to £395.

LAMP FLASHES IN SILENT ZONES

Motor accessory manufacturers, responding to the need for de- vice for use at such points as cross roads in the silence" zones, have produced warning lamp switches,

The fog lamp or another lamp at the front of the car can be brought into the horn,electric cir- cult while the horn is cut out, With this device the driver, when he presses the horn button, flashes a lamp, which should provide, a warning to other drivers, pede. strains and cyclists. in the built- up areas where headlights are not normally in use,

TRUST A THORNYCROFT WITH YOUR Tra

DEAL DIRECT

THORNYCROFT

SIX-CYLINDERED

COACHES & OMNIBUSES

MOTOR

DIESEL

VEHICLES

OR PETROL Manufacturera of Commercial

Full Range of Spares carried in Hong Kong and Shanghal

4 or 6 Wheels

4 or 6 Cylinders

30 Cwt. to 10 Ton Loads

20 to 70 Passengers

JOHN L. THORNYGROFT & CO., LIMITED,

Planer Building, Hathan Road, Kowloon,

TEL

56759.

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