1937-01-28 — Page 11

Function Of A University

must not make themselves the tools of practical men; they must not seek to govern, for that was to subservience to circum- stance. but they must not lose touch. They must not watch

Speaking on the function of a university at Liverpool University on January 12, the Vice-Chan- teilor. Professor J. L. Stocks, sald❘ accept that detachment was funda- mental condition of all vigorous and effective university life.

The university stood for freedom of thought in the fullest sense, A universtiy must be a space from which, as far as possible, all else was excluded but the activities of thought which were directed to knowing and understanding the

world.

Thus, in the soctal economy, educational institutions generally and the univeralties in particular represented a

kind of artificial vacuum,

Teachers and students stood so- cially in privileged position. They enjoyed a dispensation from the common task; theirs was an endowed leisure. This dispensationt and endowment was justified if they delivered the fruits of Intellectual freedom for which they existed.

was

The spirit of detachment necessary because it was a condi- tion of freedom. The universities

UNDESIRABLE" ALIENS

Lisbon, Jan. 26.

Portugal intends to take the most stringent measures against undesirable allens, according to an announcement made by the Portuguese Foreign Office.

Passports of all foreigners visit- ing the country will be subjected to the strictest examination, and those persona whom the authorit- les deem undesirable will be de- ported. it being understood that such deportations have already be-

M

Transartan News Service.

things go wrong without stirring a Anger: their virtue must not be a virtue unexercised and unbreathed, which never aallled out to seek its adversary where the immortal gar- land was to be run for, not with out dust and heat. Hence they must not avold topical and con troversial issues. They must take the greatest care to tackle these from the right angle and in the right way, so that it was clear to all who took the trouble to think that they were taking the matter back to the fundamentals on which the stability of society depended. Speaking without fear or favour, they must not be elves, not parrots, not earthworms, but free citizens of a free country, capable of main- taining a

Just perspective and a correct sense of values and of contributing by independent judg- ment to the development of the community to which they belong- ed.

WHAMPOA CHIEF IN CANTON

Hankow, Jan. 26. General Chen Cheng, chief-of- staff of headquarters in Canton and Vice- the Whampoa military

Minister of War, arrived here yes- terday and conferred with Lieut.- General Lo Cho-ying. O. O, C. Nanking troops in Kwangtung, concerning the situation in the South-West and Kwangsi.

General Lo will return to Canton to-morrow and will continue his garrison, duties in the northern borders.- y Union New

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•

The Most Comprehensive Survey Yet Compiled of Reconstructional Progress In Modern China.

CHINA'S

NEW CURRENCY SYSTEM

By TANG LEANG-LI

A survey of Chinese Currency and Banking System in Historical perspective and of the reactions of the World Slump upon Chinese Trade, Industry, and Finance, from the beginning of the depression to the Establishment of State-Control of Silver--with Statistical tables relating to movements of Gold, Silver and Prices in General

ON SALE AT:

THE HONG KONG DAILY PRESS. OFFICE

Publishers:

CHINA UNITED PRESS 299, SECOBURN ROAD, BHANGHAI

HONG KONG DAILY PRESS, THURSDAY, JANUARY 28, 1937.

TRAINING GALLOPS

The following times were recorded at the Valley training. rallops yesterday:-

ابر

WORLD

ARMAMENT

EXPENDITURE

German Estimate Of £2,900,000,000

BIGGER THAN 1914

The huge growth in armaments expenditure during recent years la the subject of a report issued by the German Institute for Business Research. This reveals that last times as

than three

as much was spent by the world

its fighting forces and

munitions as in 1914.

The figures are:

1828-9, £1,250,000,000.

1836, £2.500,000,000 to £2,900,-

000.000.

Pre-War Conditions

Another comparision with pre- war conditions is provided by the fact that in 1913 the outlay of armaments accounted

for 4 per cent. of the world's net ilustrial production. In 1938 the figure was at least 11 per cent.

Soviet Russla and Japan shown to be the countries. whose armaments outlay has expanded most in the last eight years. Be- tween 1928 and 1936 Japan's ex- penditure rose by 100 per cent.. while that of Soviet Russia in- creased 18 times,

are

Clicquot

Veuve

Clicquot

Sole Agents:- DODWELL & CO., LTD.

Dis 1st 2nd 3rd

4th 5th Tast tance Qr. Qr. Qr. Qr. .Qr. Qr. Home Brew (A)

1 42 1.19 1.48 2.15

27 Weedon Seat (8). ...... I 46 1.25 2.02 2.35.3

33.3 Tim (G) & Whalsey (8) 1 39 1.16 1,61 2.26 2.59.3 33.3 Llanarmon & Liangollen

14 43 Strathearrick (A) .............. 13.42 Saltire (A)

1 Expansion Time & Rob

Roy (0) .... Rodium & Bravado National Joy (8) National Unity (A) Katinka (A) Noggin (A) ....... Vira (G)

30.3.

1.20.3 1.20 1.15

1.55.3 230 3.02 32 1,57 2.30 2.50 1.49.1 2.17

29

27.4

37.4 1.12.2 1.45.3 2.17.1

31.3

(A) 1

344 1.05.3 1.36.1 2.06.1

30

1

42 1.25 2.05 2.40.3

35.3

1

34

year more

1.09.2 1.47.1 2,22,3

1

34.1

1.04.4 1.34.2 2.03.2

35.2 28

**

-1i 54

1 39

Potentate (0)

1 35

38.3 Feudal Knight (8) 1 35.3 Yum Sing & Hefophant

King's Coronation (G)... 137 Declasse & Fetlar (S) ... 1 41.3 National Glory (G) ......i 37.3 National Anthent (S)..... 1 36 National Wisdom (6) 293 Rooting (A)

1.40 2,23,2 3.04 3.36.3 92.3. 1.13.2 1.48.2 2.18.4

7.30.2 1.13.3 1.48.2 222 1.20.3 1.56.1 2.29.4 1.12.2 1.47 2.21:1 1.10.2 1.44.4 2.22 1.08.2 1.47.1 1.07.2 1.39.2" 2.11 1.11.3 1.46 2.18.2 1.10.3 1.43.3 2.17.2

2.62.4 30.4

1913, £83,000,000,

33.3

34.1

37,1

38.4

2.42.2 31.2

32.2

(8).....

A Great Time (A)

Boronia Belle (A)

1

·14 45 14 39.1 38.4

1 40

1.22.4 1.56.1 2.28 1.15.2 1.52.3 2.26 1.13.2 1.45 2.14 1.14.4 1.48.2 2.10.2 14 40 1.28

2.08 2.41.2 3.13 31.3 17 34.1 1.10.2 1.45.1 2.19 2.51.2 32.2 1. 42 1.21 1.53 221

28

23.4

3.02.4 34.4 2.54.3 28.3

28

28

1

40,4

1.18.4 1.51.2 2.23.1

31.4

38.4

Good Morning & Happy

Venture (G)

1.14.3 1.46.2 2.17.4

31.2

1

36

1.11 1.53.2 2.24.3

31,1

Prospero & Araxy (8).... Kum Bang (G) Aramis (8)

1 38

1.13.2 1.48.4 2.22.4

34

*35

1.09.3 1.423

33

1

40

1.16 1.51 2.24

33

The increase in Britain was 33 per cent, in the United States 38 per cent. and in France 56 per cent.

Gordito & Election Day

(9).......................... I Heldorado & Rosé

Lafayette (A) .... Mac's Adventure & The

Baboon (5)

41 1.18.2 1.55,4 2 28.2

323*

1

42.3 · 1.17 1 48.1 2.18.1

30

||

1

38.2 1.12.4 1.46.3 2.19.1

$2.3

The Right Time (A)

1

34

1.07.3 1.38

2.07.2

29.2

Montrose (0) .... Mediaeval Knight (A) March Brown (8) China Clipper & Adam

1 42

1.18

1.51.1 2.24.3

33.2

1 35

14 38

1.08, 1.15

1.37.4 2.09.2 1.51.2.2.27

31.3

3.02.3 35.3

(S)

... 1

Lazili. (A)

Branxholme (A)

Firefly (G)

44.4 1.24.1 2.00.1 2.35.1 41 1.18 1.47.2 2.18 1 32.3 1.05.2 1.37 2.07.4

33.2 1.08.3 1.40.3

35 2.46.2 28.2

30.4

33.4

Standard Time & Bould-

nor (8).

I

Ascot & Dragon. Fly (8) 1 Successful Time, Rondo

50.

41.4 1.18 1.52.2 2.25.3

1.29.3 2.02.3 2.36

33.1

33.2

& Mariposa (6)

38.3 1.11.4 1.44.3

32.4

Shipmaster & Lancashire

Tích (8)

1

Clowner (8)

1

42 42.

1.20.1 1.55.2 2.26.4 1.23.3 2.00.3 2.35 3.07 32

31.3*

Washington, Jan. 26. The House of Representatives to-day passed the $790,000,000 De- ficiency Relief Bill, making avail- able Federal funds for the relief of victims of the foods.— Reuter

Mondays & Thursdays, 10.30-12,

11, Ice House Street.

W

28.4

Rosalind (A) .... Chun Teen (S) King's Highway (G). Petroushka (A) Lovely Star (G) Laughing Calvalier &

Apilas (G)

י

Lancashire Chips (A)... 1 31.2 1.013 1.31.4 2.00.3

!!

* RECORD STAMP YEAR

BRITISH EMPIRE

ISSUES

Collectors And A

"Boycott

Not since stamps were firat is- sued in 1846, has there been such widespread interest as in the year which has just ended. The cause of thin was the complete change of design in British stamps, with Its indication that a new era had been inaugurated.

a

The total number of stamps is- sued by the post offices of the world amount to 1,380, a very con- siderable drop from the 2,188 of last year.

But the number would have been much higher had it not

been for the spirited action of the great English dealers, who wRIN- ed certain South American States that certain threatened issues to increase their air arm at Dhilate- lists' expense, would be boycotted. Welcome though this drop is to every serious collector, there were still far too many issued with an excuse only as a reason for print ing them, and no, adequate cause. Dictatorships seem to be especially addicted to this form of propa- ganda.

CEYLON'S NEW ISSUE

On January 1 Caylon completed a new issue with the 6, 9, 20, and 50 cents, each one of which bore, a and medallion portrait of King George V. with a vignette' Di native scenery to complete the de- sign. Just a month later Nigeria Issued a very similar set, and on March 1 it was the turn of St. Lucia, with its highest value the least satisfactory design.

April saw the appearance of the new Bermuda set, striking in dé- sign and faultless in execution. But there was one curious mistake On the twopenny stamp appeared which was six-metre yacht meant to be their famous yacht, The Viking, but by some inexplic- able error actually proved to be the United States yacht, Lucie, whose intentions were so much better than her performances.

HOLLAND AND ERASMUS

"Let us now praise famous men," has long been the motto of the bas proved no exception to the world's postal authorities; 1938

rule. Ecuador has issued a very Ohe set to commemorate Darwin's visit to the Galapagos Islands in with his ship. The Beagle, appear 1836, and his portrait, together

on the 20 cent value. France has not been backward in philatelic honour to her great dead. The list includes Ampere: the

scientist.

GERMANY'S MANY SETS Russia began it: Italy soon took It up, and this year the worst sin-Daudet, and Rouget de Lisle, the ner has been Germany. They have author of The Marseillaise," while issued sets for their air company, Holland included Erasmus, among and their motor jubilee; for the their charity set. Olymple Games, and for a horse Possibly the most famous stamp race; for an international welfare of the year was issued by the congress, and a recreation con- Argentine, On the 1 peso value. gress, and their latest set is to ob- the map thereon showed that they tain funds for their winter relief. included the Falkland Islands ar The one good point about their part of their domain. Questions in Gets is that they are few and low Farliament followed, but common in value.

sense prevailed, and it was realised With such a riot of issues it is that what the stamp averred was a pleasant change to turn to the not in accord with the facts of the stamps of the Empire, which terra ‡ case, and therefore the less said a group all on their own. Finan about it the better. cially they remain the best invest- ment, for they never seem to lapse from favour. anywhere in the world. There is always a sanity In their design, a sound reason for their issue, and a suave excellence about their production.

The outstanding financial in- cident of the year has been the. continued rise in the prices of the Empire Jubilee issues, while the meteoric rise in the price of the wrongly coloured 210. is almost phenomenal

It is significant that no ngures are given for Germany. The re- port merely states that, taking France as a comparison, Germany would have had an additional armaments expenditure of 01.- 650,000,000 between 1920 and 1934 If it had not been for the restric- tions imposed on her by the Treaty of Versailles,

RELIEF FUNDS

Men's & Children's

Warm Clothing

Urgently Needed.

Small Suits (men's) Sweaters,

Socks, Shirts

Overcoats and

Shoes.

HONGKONG BENEVOLENT SOCIETY

DIRECTORY & CHRONICLE

OF THE FAR EAST

ISLANDS. YA

CHINA JAPAN

PHILIPPINE NETHERLANDS

ETC.

(Published by The Hong Kong Daily Press, Ltd.) First Edition 1862, revised and enlarged annually

1937

1!

EDITION

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