1936-11-26 — Page 2

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HONG KONG DAILY PRESS THURSDAY, NOVEMBER 26, 1936. MR. BALDWIN ON THE FOLLY OF

THE WORLD TO-DAY

Spending Time On Arms Instead Of Raising Standard Of Life

Mr. Baldwin, speaking at the Lord Mayor's Banquet at Guild- hall recently, appealed to the na- tions to stop "the folly of all of us" in building up armaments, states the "Daily Telegraph."

While we were devoting time to making arms, he said, we were delaying the improvement of the standard of lte at our people,

If the nations forgot the con- dition of their people, discontent and despair would make war more ively.

Mr. Baldwin was replying to the toast of "His Majesty's Ministers," proposed by the new Lord Mayor, Mr. Broadbridge. SL George Baldwin said:

"It used to be said that the fa- ancial leadership of the City of London in the world was founded on the Gold Standard, but our ex- perience in the last five years has demonstrated that the position of Londen is based on something deeper. The stability of our cur- rency has beeri dependent not on any material standard, but on the City's tradition of honour. of moderation and of public spirit which is always available for the guidance of the Government of political the day, whatever its complexion may be. in managing the financial affairs of the nation. and at a time when mistrust vis rife in the world, and economic in a and financial systems are state of flux, there has been this centre of confidence and of stabil- ity to afford a rallying point.

REDUCING TRADE OBSTACLES

"The Government will support all attempts to bring about.. a re- duction of obstacles to inter. At the same time national trade.

it is to be remembered that they have already made a real and ef- tective contribution to the end in view by undertaking not to in- dulge ir competitive devaluation maintaining and" by

TRADE WITH ARGENTINE

"I would turn for a moment to country with which we have a long tradition of close friendship and collaboration-I speak of Ar- gentina.

"I must add a word about the have trade negotiations which been taking place with that coun- try. The negotiations have been arduous, and from their nature

they are now ap difficult, but proaching a conclusion, though I cannot yet say exactly what that conclusion will be.

The interests of the two coun- tries are, to a large extent, com- mon, and it should not prove be- yond the wit of two great da- settle cutstanding mocracies to difficulties, and I earnestly hope that we may shortly be able to has that announce

agreement

been reached."

or

Ite

In so far as we devote time to making arms, to that extent we delay the time when we can im-

the Drove

conditions standard of life of our people.

"As we devote the greater part of our attention to, arms, we de- inter- lay, the growth of that national trade upon which alone can be securely based an im- provement in the conditions of the people in Europe.

"And if the nations of Europe devote for too long their care to these material things-to arms- and forget the condition of their people, there will grow discontent and despair, and, indeed, if these armaments continue I don't say they mean war, but they make 'war more likely And there is no one in Europe to-day-and I do not care who he is that does not know what war in the long run means.

"It means all over Europe a de- gradation of the life of the peo- ple. It means misery untold com- pared with which the misery of the last war was happiness, and it means, in the end, anarchy and a world revolution, and we all know it, and, knowing it, what can our duty be but to come to- gether and save Europe?

but

"And what is our position in this Island home of ours? We are looking now to our defences, and "An event of great importance quite right too. (Cheers.) and of happy augury,, which has prepared to devote all our efforts. taken place in the last year. has | whatever it may cost in men and mones. to do what is necessary, been the signature, after negotia- pro- If somewhat tions which,

am.conscious all the time of the folly of all of us. longed, were carried on in a spirit of the greatest friendliness, of a treaty or alliance with Egypt. His Majesty's Government regard with much satisfaction the solution of the Egyptian question thus reach- the re- ed. and the placing of lations between the two countries on g' settled basis of mutual ad- vantage.

"The treaty should constitute an enduring element of stability in the international situation in the Eastern Mediterranean. We wel-

ally. come Egypt as (Cheers.)

our new

RISE OF POLAND Britain's Sympathy

"I should like to take this op portunity to say how honoured we are by the presence among us this evening of the Foreign Minister of Poland. Poland has always en- a non-joyed the sympathy and regard of

my countrymen

exclusive imports policy.

"All the available data points to continuance of the upward trend of trade as a whole.

મ્ર

"I say that the defence of this nation is unavoidable in world circumstances, and we are deter-

mined to leave no stone unturned to do all that we may consider necessary.

:

(To be Continued)

WANG CHING WEI STILL SUFFERING

Quo Tai Chi Honoured

London, Nov. 24. Mr. Wang Ching-wei, still suf- of the fering from the effects wounds received at the hands of

a would-be assassin, has arrived here to take British medical ad- vice. It has been decided not to remains remove the bullet that "In the past she has suffered more than any nation for the buried in the statesman's back.

Moreover, Mr. Wang is suffer- cause of national liberty, and the "I rejoice at what has happened Poland of to-day has accomplish- ing from gall stones, and although his health is much improved after only fit the last few days: a clear-

ed a great effort of national re-

leadership of some months at Continental re- ing agreement and a commercial'vival. Under the agreement have been concluded that great soldier. Marshal Pil-sorts, it is uncertain whether he

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"Bhe has re-equipped and deve- loped will enable trade between the two

her economic resources his stay in London except Mr. countries to be satisfactorily re-ravaged by the war. She possesses Quo Tai-chi China's Minister at established on a basis which will the newest Navy of modern Europe the Court of St. James

Recently, Mr. Que has promote a progressive return to

to which we, as one of the oldest

honoured It is normal conditions.

Naval Powers, extend our greeting. signally Her merchant ships are trading in custom of the City Livery Club at every sea. The symbol of Po-Its brilliant annual banquet at the land's maritime and commercis Guildhall in honour of the Lord achievements has been the con- Mayor, to invite one distinguished struction and development of the representative of every class. This year Mr. Quo was the diplomat great port of Gdynia,

invited, and accordingly repre- of the Large sented the whole and imposing diplomatic corps in London.

"It is traditional-but I am not sure I am going to be a slave to tradition to-night-that the Prime Minister should let observation with extensive view survey man- kind from China to Pern.'

I have mentioned that very well-known quotation because. I know that in the City of London. we all are, or ought to be, John- sonians. Therefore, we all know that those words appeared in a poem entitled "The Vanity of Hu- man Wishes.' a title perhaps not wholly inappropriate to the cir- cumstances of the world to-day- (Laughter.)

BONDS WITH U.S. Helping World Peace "The foreign policy of the Gov- ernment has been so recently ex- plained by the Foreign Secretary in the House of Commons that I do not propose this evening to say as much as is usual on this oc- "casion on that subject.

*With the United States of America our relations have, as always, been excellent, and his -Majesty's Government are looking forward to a further period of friendly co-operation with the Government of President Roose velt in all matters of common

(Cheers.) concern

"In this sphere, as in all others, we look forward to developing a close collaboration between our two countries, both of which have the cause of world peace earnest- 1y at heart.

HEALING WAR WOUNDS "You spoke, my Lord Mayor, of peace. It is many years since I first had the honour of speaking in Guildhall as Prime Minister. It cannot, in the natural order of events...be that many more years should remain, to me to do that I am the more anxious to make one or two observations on a sub- Ject ever present in iny mind.

The ex-Lord Mayor, Bir Maurice Jenks, paid a warm tribute to the manner in which Mr. Quo dis- charges his duties in London. But. said Sir Maurice, another reason behind the selection of Mr, Quo as the diplomatic representative at the banquet, was the city's wish to show its appreciation of the remarkable progress.

by made China in her recent recovery and development.~~. Reuter.

FOR 1937

"After the war, I and my colleagues who were with me were NANKING EXPOSITION devoting all our powers to trying to pull together our own country after the war. I know we all felt, as I felt so strongly myself, that It is reported that a committee through all Europe there was but consisting of representatives of one task that lay before the na- the National Economic Counell, tion-that was to heal the wounds Re-construction Department ADC of those four deadly years and to National Athletic Association are try and Improve the lot of the planning and organizing an arts "It is particularly gratifying to common people of Europe ma- and crafts, exposition for ad- his Majesty's Government to note terlally and spiritually; to try to vancing the sale and consumption that the main objective of their do something to ease that poverty. of home-made goods. economic policies is the same, that suffering, that depression of namely, the liberation of the the standard of life which we world from the shackles which un- found in so many parts of Europe, duly, impede the free development which we found in our own coun- of international trade, and part-try, and which we have not yet, cularly those exceptional restris with all our labours, completely tions of importation and exchange exorcised. which were instituted during the period of economic depression.

"A further bond of sympathy be- tween the two countries has been the similarity of their outlook in. the political field, and a keen de- sire to help within the measure of their respective situations, the cause of world peace.

It has been proposed to hold the the New Museum exposition in Buildings in Nanking in May 1937. The exposition will continue in Nanking for one month, and may, then be transferred to Shanghai.

Marshal Chiang Kai-shek has "And to-day, while we are still been elected Chairman of the ex finding and burying the bodies of position committee, consisting of the men who fell in the war, the Mesara, Ng Ting-chang, Kung whole of Europe is arming a more Chang-bai and many others. inconceivable folly for those of us It is reported that the Hong who have the responsibility of Kong Chinese Chamber of Com- governing the great countries in morce has been invited to co- Europe! What good can come of operate.

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