1919-09-09 — Page 5

MERCURY GARAGE CO

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TELEPHONE 977.

CORRESPONDENCE.

To the Editor of the "Hongavus Takgraph."1

THE FUTURE ECONOMIC POLICY IN RELATION TO GERMANY.

Sir In my letter to you of the 1st instant, I endeavoured to show that the virtue or otherwise of "Free Trade as an Economic Policy for Great Britain is largely a question of Degree", and that Free Trade" is not necessarily an absolutely reliable "Shibbo- leth" under all conditions-in which respect I cited certain facts precedent to, connected with, and; resulting from the late War; and Mr.Robert MacWhirter "has in' his "Weekly Whirligig" (I do not use the term disrespectfully. for I make a point of reading "Mr. MacWhirter's"

HONGKONG – TELEGI

VERSITY OF HONGKONG.

EXAMINATION RESULTS,

The following candidates have failed in-Matriculation, but have |been" - awarded Senior Local Cartifiontes subject to the approve al: of the Senate: Agapito del Rosario V.A. Bentos, "Anthony Ng Francisco V.V. Ribeiro, John Litton, Philip Brookes Bamsey Taylor, Chan Chan Lum..

The following is a supplement-- ary list of candidates who have passed the Junior Local Examin- lation, subject to the approval of the Senate: Li Shiu Ki, Leung Pai Yim, Cheung Shiu Fan, THO See Leung, Richard Lee, Joseph Lau Cam Wing, Jal Festonjes Cooper, ¤- The passage reads thus

drow Tue Tak On, Joseph Chan "I was going to say a word or Kwok Leung, Trong Kue Bhur, "two about Free Trade and Pro-Wong Been His, Yu Choi Yuen, "tection. I do not think there is Tsang Hin Ship.

"any ground for cleavage there. The following additional esa- "I am a Free Trader; I believe didates have been recommended "in Free Trade as I do in the for distinction, subject to the "Multiplication Table; but we | approval of the Renste: "cannot solve all the problems Senior Boys-John Litton (Bib "of Mathematics by the Multi-lical knowledge).

"plication Table, and the pro- Senior Local Girls.-Yuen "blems of Modern Economics Kwai Sun (English. Geography), "are equally varied. A fund- Marjorie Edas Garrod (English). "amental alteration has taken | Woog Sau Tesn (Needlework), "place in our international Maria Augusta dos Remedios "credit, introducing fluctus (Bookkeeping), Ng Sui Lin (Bibli "tions and interferences which peal koowledge), Eunice Samy "are far greater in their sway (Needlework). "and scope than any interfer- Junior Local Boys-Robert | "ences ever comprised in any Cyril Reed (Arithmetic), Yung Chinese, "Tariff. I am not ready yet to Kai-yip (Arithmetic, "make up my mind as to what Biblical knowledge). "is the proper treatment which "this new phenomenon requires; but I am ready to say that it would be foolish to declare not going to "recognise the new facts, or "that you are not even going to "study them.”

"that you are epistles

These remarks of Mr. Churchill,

every Friday, and enjoy them greatly) honoured me with a re- ply, wherein he, in effect, tells mo that he would rather tender mei 6s. 8d. in exchange for legal ad- are. I would submit, distinctly in vice than allow me the free run point in reference to the basis of an.M.P.'s salary, for the reason of those I made in my earlier that I am (in his eyes) & Protec- letter to you regarding the tionist Heretic!

view I expressed that

Let me hästen to assure him that I am not by any means a rabid anti-Free Trader", nor a "Protectionist" in the undinarily, accepted usage of that term, bot, having for many years prior to the war, endeavoured to study the course of events. I. some 14 or 15 years ago, came to, the conclusion;

"it would certainly appear that the virtue or otherwise of Free "Trede'as an Economic Policy for Great Britain is largely a "question of 'Degree' and that **Free Trade' is not necessarily an absolutely reliable 'Shib- boleth' under all conditions." Despite "Mr. MacWhirter's quite possibly an erroneous one onslaught in relation to my seven that the key to the position of points regarding the result of Great Britain's past and future Germany's policy of "Protection." prosperity was her Mercantile vis-a-vis Great Britain's saber- Marine, and that it was owing to fence to "Free Trade and his her lack of due solicitude therefor, claim that, in the events which that Germany was becoming a have happened, the latter Policy real source of danger to her future. has proved to be the better, I may have been entirely wrong

still feel justified in this view and indeed (as relying on what I remarked have already stated elsewhere) in my previous letter to you, be- found very few inclined to agree cause it seems to me that the with me-but it was a view which Facts point not only to grave appeared, and still appears, to me dangers incurred in the past to be a sound one."

owing to Great Britain's policy of "Free Trade" as formerly practised, but also to those dan- gers which Great. Britain is now experiencing in consequence of Great Britain's present position as such policy-in short. I view forcible example of "Cause and

I

I always try to recognise that there are more sides than one to most questions-not in the sense of the witty man's reply Yes, the right and the wrong one," but from the aspect that there is frequently much good in each of two distinctly opposite views, Effect."

case of past ones, prove more fitted to frank with those of Cassandra (who, though unbelier- ed. none the less prophesied truly) than to be consigned to mere oblivion.

in

The Middle Classes are they

Libaar) in a

Here are the figures: Boots £30 to £35. ·

Men's Suits £35 to £40.

Junior Local Girls.-Dorothy Barwald (Biblical knowledge), } Tsang Chia Ngo (Needlework).

The Chinese Chamber of Com- besa merce Scholarship has awarded, subject to the approval of the Senate, to Charles F. Gower Jackson, Diocesan Boys' School, on the resignation of William Boward of the same School, to whom it was previously awarded.

Leicester when he received the Freedom of that Borough. The Speech is reported in the issue of the "Times" Newspaper of the 26th July last, and I quote there- from the following

"We have been through 46 years of a great struggle. We "have all learnt something, and

L4

I guarantee that if I were to ask each member of this Club "(The Sailors' and Soldiers' "Club) what was the first lesson "he learnt, he would reply 'Com-.

radeship.'

Comradeship-has-enabled us to win this War."Comrade-hip' "has made the name, of Great "Britain stand higher than it ** ever did in the history of the "World. At no period has the name of Great Britain carried “with it more weight in Council **and more weight in example.

JA

**The future, some people say, is **black. I do not believe it. As **long as we maintain unity and comradeship the future is not black, it is full of hope; it is full of prospects for the betterment of mankind. But to achieve. we must remain united com- "rades in peace, just as much

**

**

as we were in war."

In other words, the lesson

13

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interests of all, but if "Labour? Persists in its present attitude, the very serious result must be a interference with Great Britain's

BABY'S WEIGHT.

cause of

When the stomach or bowels

One of the surest signs that a chances of financial resuscitation. baby is making good progress is and so, though I cannot by any who have suffered and are suffer-

With regard to Mr. Mac-steady increase in weight. There means "go the whole hog

Whirter's remarks respecting is generally a slight decrease (fundamental or otherwise with when one reads the figures given teach is, that Co-operation"

ing. that "Effect" most, and, which Sir David Beatty would the League of Nations and the during the first week after birth, "Mr.-MacWhirter." I can see a world of truth in a lot of his Sir R. Horne (Minister of the most reliable factor; and it policy of Free Trade. I believe but from then on there should be remarks, but with regard to the

written reply is that very factor which in it would undoubtedly be of the regular and rapid growth. if the present generation of Germans of the 25th July last to a ques-be most conspicuous by its absen-by all, but it does not. I think, failure to gain weight is mal- quoted in the "Times Newspaper Great Britain to-day appears to greatest benefit to Great Britain by is being properly nourished.

The most common if that policy were subscribed to (Prossians and others alike) I believe in the application of the ion as to the approximate value ce. "Labour", which has ap- maxim uttered of old by Laocoon, Pre-War prices of various parently lost its head", would follow that the same result would nutrition, the food is either de

ficient in quality or quantity, or the Trojan Priest, "Timeo Daneos for £100 at Retail Stores, one can way, and to be prepared to pro-guiding principle of the League

commodities purchasable to-day seem to want everything its own apply equally to all other Nations.the digestive organs are not doing

At present, as I understand, the et dona ferentes," and, even readily appreciate how greatly ceed to any extreme to obtain it of Nations is, that there shall be

their work properly. though I be but an issuer of those Classes must be feeling the regardless alike of the disastrous no Economic Boycott within the are at fault all that is necessary. "eolemu warnings," such warn- ings may, I believe, as in the pinch of present conditions as effects of its policy upon the the League, that is to say, that, usually, to set matters right is

induced by past circumstances. interests of others, and the

the administration of Baby's Own- while there is nothing to prevent Tablets, dangers to its own future welfare, any Nation from adhering to, or Canadian remedy for little ones the pleasant-tasting In these circumstances, it has adopting a protective Tariff, or of ages. No fear need be enter- become, and, if such continue, it. will remain, extremely difficult to be no discrimination in the ap these Tablets, because they are even adding thereto, there must

tained as to the wisdom of giving deal with the Economic Situation plication of that Tariff as between

situation rendered more critical by the plethora of the Note the various Nations comprising guaranteed, under a Government issue as compared with the small-Nation Colonies are allowed to not a single particle of opiate, the League, except that A ness of the Gold reserve in rela- receive preferential treatment.

narcotic, or other injurious drug, Owing partly to the increase tion to the vast increase in the "in Salaries and general National Debt, and the fact that Garciany of the present genera as to the child of 8 years old or Finally, with reference to the land to be equally helpful and harmless to the youngest infant Administrative Expenses the Foreign securities held tion, I would repeat what I wrote brought about by the War, by Great Britain at the outset of and partly to the shrinkage, the War have more or less been on a former occasion in the more

Baby's Own Tablets are just columns of the South Chins also occasioned by the War realised-for the purpose of wain Morning Post" of the 26th May the right remedy for infantile of Capital Values and the net taining the Exchange between 1917

constipation, colic, indigestion, diarrhoea, simple fever, teething "Great Britain in the past troubles and worms. They bring "has, I firmly believe, been all "too supine in ber attitude natural, restful, health-promoting | sleep, restore appetite and make towards Germany, both in the the baby thrive. Of chemists, or "field of Politics proper and in

that relating to Mercantile post free, 60 cents the vial, from matters, and has thereby run the Dr. Williams Medicine Co.

96 Szechuan Road, Shanghai. grave risks.

The particular passage in "Mr. MacWhirter's" letter of the 29th ultimo which led me to invoke the aid of your columns, was that which formed the prelude to his concluding remarks, and: it read as follows:-

"Free Trade was the source of our commercial and financial

* ascendancy, and past events,

14

44

plus arithmetic, clearly establish

the enormous

benefits which have accrued

to Britain since Cobden and

his followers put the lid on

"Protection more than half a

century ago."

Cotton pisce goods £25 to £35. Woollen underwear £25 to £30. Even the Public Trustee com- plains--see the "Times News- paper last above referred to that

+4 income upon which the Great Britain and those Countries Public Trustee's fees are whence such securities emanated. assessed, the Scale of fees True, Great Britain's "Credit

"

+

41

14

#

54

5.

16

now in force, which was remains substantially unimpair- drawn up in 1912, is proving led, but even that is liable

inadequate to meet the cost of to be seriously jeopardised by

the Office. Consequently, an the present tactics of Labour. and I sought to probe the position

immediate revision of this The Commercial progress of the in respect of the "vista" there Scale is necessary in order to United States of America from opened up, in which connection I comply with the Statutory the close of the North v. South. would refer to a passage in the requirement that the Office, War in 1865 to the period imme- report of a Speech by Mr. Winston while earning no profit, shall diately preceding the late War, is Churchill to the new "Centre be self-supporting."

probably the most striking ex- Group? at the Criterion Restau- Now, what is to be the keynote ample in History of what can be rant, London, on the 15th July of the remedy of remedies to be done by a Nation if her “ Credit" last, as contained in the "Times" applied under present conditions? be firm; and, with that example Newspaper of the 25th July last I think the answer is best sup before her, Great Britam need ***which I may add reached me plied by the theme which Admiral | have no fears for the, future, if after the publication of my letter Sir David Beatty took for the all on board the good ship of State) to you of the 1st instant.

keynote of his recent Speech at co-operate to do their post in the

Under such circumstances, would it be wise of her to run "such risks again 2

the

"If she did, would she not be placing herself in ultimate position of a man who, having from motives of to insure house Against parsimony neglect

Amaze

the

fire, sad, havi Ennored damage

Analyst's certificate, to contain

"serious extent, wilfully shuts "his eyes to the total annihila. tion of his property which he has fortunately escaped, and again" neglect to take the sensible precaution of protect":

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