1936-09-01 — Page 11

HONG KONG DAILY PRESS,' TUESDAY, SEPTEM BER 1, 1936.

GOLD VALUE

Healthy Housing

OF FRANC

REDUCTION

Without DEVALUATION

Ratio With SterlingTM

For

Working Millions

PLANNING PHYSICAL AMELIORATION

"GERMANY'S COMPREHENSIVE SCHEME

EXPLOITING UNCULTIVATED LAND FOR USEFUL CITIZENSHIP

Devaluation of the franc has been peremptorily forbidden by the Communist party and solemnly rejected by the Blum Government. Its place has now been taken by the "alignment of currencies" Race-culture, the physical ame opinions and the help of architects. which in substance is much the lioration of the German people, ts of bullders and of artisans, and can same thing. since t means the one of the comprehensive tasks set ensure the solution of other pro- reduction of the gold value of the themselves by the National Social-blem by the technical universities franc to a point at which a per- ists. Some of the measures adopt-i and the finance Institutes: manent ratio can be re-established in the pursuit of this aim are ⚫ed between it and sterling.

The great industrial concern. such as the Krupp firm, at Essen, the Siemens companies, the Allge- meine

vegetables can be grown. The ac-, constructions, including 85 reichs- commodation in such houses con sists of a living room, a

mark for incidentals, and the 30 kitchen and

small

acres of land to be farmed is fixed a bedroom for the for the present at from 11,000 to parents on the ground door, and 12,000 reichsmark, according to the two rooms for children upper floor. The average rent is

on the type and size of the house. 30 reichsmark per month.

centra

2.500.000 NEW HOMES

The programme of the committee provides for the erection uf about 2,500,000 homes for work ers throughout Germany in the next 10 years, and, as the com- mittee has pointed out, not only will 2.500.000 expert workers be thus bound to their works or fac- tory and to the land, but they will be drawing nourishment from that

notorious, but it is not generally known how very great is the effort made under the new dispensation

Elektrizitats - Gesellschaft, to improve the physique and to the coal-owners, the iron and steel raise the spirits of the workers by works, and other producers on a enabling them to live more com-large scale have for "many years fortably in a healthy atmosphere. past given much thought and time In "pursuing this policy the Na- to the planning of suitable homes tional Socialist leaders are concerned only with the nurturs tributed generously to the realizo

not for their workers and have con- or a robust and "contented working tion of the plans. Such concerns class. They wish also to reduce now belong to the general scheme. and prevent the agglomeration or i workers' families in unsavory mass quarters in towns; they wish to provide the workmen with proft-er shall ultimately own his house.

The highest alm is that the work-land. able relaxation in tilling their plece The Dye Trust, for example, nas

HOME OWNERSHIP

The settler, who now becomes a peasant farmer, repays 4 per cent of this amount annually. For his Arst year, however." he pays no- 25 per cent of the annual rent, and thing, for the second year he pays in the third and fourth years 50 and 75 per cent., respectively, and only in the fifth year is he required to contribute the full amount.

UNCEASING EFFORT During the years 1933 to 1935 ne fewer than 15,000 peasant homes were established on hitherto un- exploited land, and the work goes on unceasingly.

The possibility of an alignment of currencies" is being so much discussed recently that official in- stigation of the discussion may be inferred. Indeed it is definitely implied by some writers.

Among them is the well-inform- ed publieist, Mme. Tabouls. who states that the British Govern- ment wou'd oppose а scheme establishing

monetary stability." Up to now Great Britain has been regarded as the most serious ob- stacle to such an arrangement.

Several writers with good official connections have recently hinted

Simultaneously another scheme that the path to a political recon- ciliation with Germany" might, be good

of land: they wish to ensure that one of its important works at Lud- thus to provide homes and pro- to encourage peasant farming and found in the field of economics. | place

workmen remain at their wigshafen, on the Rhine. Here, as ductive occupation for many per of employment, and

In Hesse alone about 600,000 acres Mme. Tabouls

they in other parts of Germany, where now alse hope that many thousands of work-It has established works and fac-loping most satisfactorily.

song at presen, unemployed is deve- of land that for centuries could not dwells on this possibility: She men's families will produce them-tories, the trust has always inter- ultimate aim is that of the indusness, has been drained during the The be used, en account of its marshi- points to Germany's ever-increas-selves a large part of what they ested itself in providing cheap and trial settlements, namely, to culti-past two years, and the first village Ing economic embarrassment und need tor their sustenance, thus re-healthy homes for its workers, but to the enormous relief which leving the State of the necessity

tion, and a further intention is to vate a healthy and robust popala of peasant farmers has been form- return to nurmal international to provide all this.

ed on it. commerce would mean to her.

make German familles thoroughly content and glad to live on the land. plan to turn to profitable use land Beyond this again is the that has for centuries lain fallow.

and

Like other writers she, hints that the new Governor of the Bank of France. M. Labeyrie. troached the question of the blessings of cur- rency stabilisation in his

recent talk with Dr. Schacht.

DEVALUATION INEVITABLE Shrewd foreign observers have for some time beer inclined to the view that the Blum Government will eventually make 盟 virtue of necessity and camouflage 85 "alignment" an actual devaluation caused by inevitable inflation,

of

In any case, neither Parlament nor the Press reflects the strength of the misgivings which the Cabinet's present polley arouses in the business world.'

WILL AID DEVELOPMENT

as a result of these developments The leaders foresee furthermore

the better exploitation of the land and the gradual disappearance of unemployment.

1.

4

when the National Socialists came to power it proceeded to deal with the matter systematically. In the year 1933. 250 workmen's families were settled in homes of their own and since then about 150 more. In the Ludwigshafen district alone the trust workmen have founded some fity separate communities.

The trust workmen help in their houses, this work being taken into to build their own

account in lieu of capital, and the

PEASANT FARMING

ried or in all parts of the Reich

Work of this kind is being car-

ment's policy the peasant fariner In pursuance of the Govern-

ultimately owns his house and land, and every inducement will be held cut to him and his family to re- The organizing authorities, after main selecting the land to be developed. Government, as a matter of course,

there Dermanently.

The

ing house, a barn, a silo and the possibilities for recreation and for arrange for the creation of a dwell-arranges for schools, post quices, necessary outhouses for each fam- the ordinary amenities of country I remainder of the cost of construc-lly to be settled." The cost of these life.

spare time

The great scheme le directed gen- erally by a central organization that co-ordinates the plans and the efforts of the state, the National Socialist Party and the industries. care being taken that the one does tidh is contributed by the trust, by not control or interfere with the the Pension Fund and by the Works universal good. other, and that each works for the Saving Bank.

The state, for example, will not think of dictating to the heads or works, factories or other industries

FINANCING PLANS Including the value of the help Elven by the worker himself such

a house can be built for 3500 to 4500

reichemark will cover, interest and amortization for the space of 22 to 25 years, when the house becomes the property of its inhabitant.

Political criticism for the moment is almost paralysed in France. This silence is due to several motives. Perhaps the chief these is the conviction of the where they will settle their workers,, Opposition that the more rope though the state authorities must relchsmark, according to the type. the Government is given the have the assurance that such settle-", and a monthly rent of 24 to 28 sooner wil it hang itself.

ments harmonize with their plans for the betterment and mainten-. ance of the amenities of the towns and of the countryside. For this latter purpose planning committees Other firms have different, fin- are being formed for different dis- There is much more than ap-tricts, the members being the heads the interest and amortization that ancing methods, but in most cases pears on the surface in the words of the, provinces, of the districts the worker is required to pay is used in the Senate last night by and of the towns, concerned and M Callaux. himself a member of the industrial leaders.

less than 13 per cent of his wages. the Government

Some places are more ambitious party. "The country should know." said this

ACADEMY HAS VOICE

and offer the worker with his eminent authority, "that we

family a house of his own with moving towards a dangerous Anan-tecture and Building has a con- and facilities for keeping fowls, a The German Academy for Archi- about 1000 square yards of land cial situation.

sultative volca in the deliberations plg. goat, or other small animal. to of the planning committees, and besides a garden where an ade- these have at their disposal the i quate supply of potatoes and other

are

"I will avo'd words, Hely diminish the success of the loan. which I hope will be the greatest possible. But I must point out that the present project will in crease the Budget deficit."

UNJUSTIFIED OPTIMISM Present indications do not seem to justify the optimism of the Finance

Minister. M. Vincent- Auriol. If the loan was going well, its results would be published Frequently to encourage others." Despite cajolings

and threats the recovery of gold by the Bank of France has been but

mcre

1

drop in the 'bucket in ccm- parison with last year's losses.

In the return for the week end- ed Aug. 7, Issued recently, the amount is only £800.000, and it Ls admitted that the future will probably. end with a fresh exodus of gold.

1:

NEWSY VIEWS .

SLEEPLESS AUTHORS-

In a recent article insomnia was called "the grave of stateamen."

Men of letters have sumered from It, too. But with them it has some- times led to an increase in output. Henry James was a case in point. "There is nothing like writing a book for a man who cannot sleep." he once told Dr. Axel Munthe, The result of his advice was "The Story

of San Michele."

In his preface to the book. Dr. Munthe wrote:

ple are taking to writing books in our days."

But the cure has not been a last- ing one, Dr. Munthe recently stated hls Insomnia WES 35 bad as ever.

CANINE BLUE BLOOD New York's Social Register- which lists all those whom its com- pilers regard as socially"eligible_ has included in its latest edition a four-year-old Pekinese.

The dog's name is Rose, and its owner, apparently as a joke, enter- ed it in the book as her daughter. Occasionally, as a sign of disap- proval, names are removed

frum "When I ceased, to sleep I be- the Social Register. But this is the gan to write this book, all milder first time that a grace

quadruped has remedies having talled. It has qualined for inclusion among the been a great success so far as I élite. am concerned.

However, the period of during which exporters of capital may secure immunity for the past by declaring their holdings abroad does not close till the end of this month. The efficacy of the new loan to repatriate the wealth cannot be finally judged till then. LONDON'S ATTITUDE

"

Over and over RUSSIAN "INFANT HERCULES", again I have blessed Eenry James for his advice. I no longer wonder why so many peo-

When Paris talks of the "align- Further. It is generally assumed ment"

of the

franc with the that those who rule the fortunes dollar or the pound, or with bath, of the pound consider that many it is naturally assumed in the City conditions have still to be fulfilled that in their Intensified study of before re-stabilisation can even be possible methods of devaluation usefully discussed. the French authorities have not That is not to say that, if or abandoned the idea that a definite when the French Government re-stablisation of the three cur- should find it necessary to make rencies is a possibility of the near some departure from the present future.

'currency has's, the Treasuries and

It is hardly to be expected that the Soviet owners of the allegorical picture of the Infant Hercules, i painted by Reynolds for the Em- press Catherine,, will lend it to Sir Phillp Bassoon's exhibition February.

next

This matters the less sa it is generally held that Reynolds failed in this ambitious work.

Incidentally, he painted Dr. Johnson as the blind Tiresias in this picture, just as he included himself as "Crime" behind Mr. Biddons as The Tragic Muse."

Reynolds, whom the Empress al- Horace Walpole had suggested to lowed to choose his own subject.

be that he could probably make a fine

In London a different view is the Central Bank of Britain and held. It is believed that the America would not be willing to American authorities can take no act in such ways as might dennite move until after the Pre- practicable to mitigate any dis-historical theme out of Peter the sidential election in November turbances.

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