1926-01-28 — Page 8

REPULSE BAY HOTEL

CARNIVAL

DINNER $4.00 per head.

(Fancy or Evening Dress Optional)

·LATE BUS TO THE PEAK HOTEL 12.15 a.m.

SPECIAL BUS TO THE HONGKONG HOTEL 12.30 am.

THE HONGKONG TELEGRAPH.

THURSDAY, JANUARY 28, 1926.

GERMANY'S CRISIS. that has the opposite effect-the

ATTEMPT TO FIND A WAY OUT.

Thigh German duties Invited foreign countries to raise; not lower, their tariff walls agaikšt Germany. In point of fact, the German industry has had since In view of the enormous the summer to battle with increas- adverse balance of Germany's ed export difficulties; in recent

economy

CHANGES IN MAN.

· SLOW DISAPPEARANCE- OF TEETH..

word

PRICELESS JEWELS IN TOMB

THE NEW VICEROY.

WOMAN WHO ONCE RULED THE SAHARA

է.

LORD IRWIN HONOURED BY HARROWGATE. The spine of the child at birth..

Lord Irwin, Viceroy-designate trade and the continually increas- mouths there has been some has only a single curve, like the

Queen Tinhanan, ruler of the I of India, recently received the ing number of business failures, improvement, but mainly, at the adult chimpanzee, and does not Agagear people who once in- freedom of Harrowgate "în re- the Federation of German In-, cost of substantial price conces-develop the curves typical of man habited the mountainous region cognition of patriotic, devoted dustries (Reichsverband der sions forced from the manufac until it has learned to walk alone, of the Sahara, has been discover and conspicuous services render on SATURDAY, 30th JANUARY, 1926. Deutschen Industrie) has issued turers by their struggle for ex- was a statement made by Dr.ed at Tamanrasset, in an immense ed by him to the Empire. As

a pamphlet in which the causes istence and by an unprecedented John Beattie in the course of atomb filled with jewola

Mr. Wood, he was for 15 of the crisis are investigated and tightness of money. But the less lecture at University College on The discovery has been made years Member of Parliament for improvement of conditions. The stronger is the insistence on high acters that have survived from a headed by Count Byron de Pro- Harrowgate is situated. ways and means sought for an the profit on foreign business the The Erect Attitude and the char by a Franco-American group the division of Ripon whara linain demand of industry is for prices at home, which then result previous arboreal life.

rok, who is an honorary member Referring briefly to the time Dr. Beattie pointed ont that the of the Royal Geological Society. Greater

in Federal, in reduced instead of increased

before him in India, Lord Irwin State, and Municipal expenditure; sales.

kangaroos among the Marsupials The queen has a golden diadem, said: "I know the difficulties of the deniand is made for 'n 20 per The German industrialists are were particularly interesting. för and round her neck are fifteen.it: We all know the great change cent. reduction. In this connectoo short-sighted to face these geological remaias showed that ropes of pearls and precious that is hovering and passing over tion it is of interest to note that problems-problems which call in the past they ran about like stones. On each of her arms are the minds of men both here and the German national income for courageous and energetic fox-terriers, but in the course of nine,bracelets of gold and silver,

there. I can only say that I their. före-limba amounted before the war to 42-43 attack. To any impartial obser- time

The royal mummy reposes in should be less than human if I milliards of marks, and is now yer the most effective means of shortened.

the midst of a collection of won- did not approach my task with festimated at 43-48 milliards. Pre. hastening the return to normally In the monkey group all were derfully carved objects in wood some misgiving but I should also war taxation amounted to 142 healthy conditions seems to be a erect to a certain extent, but man and toilet requisites in copper be less than human if in ap- per cent: the present-day percent-reduction of the "tariff walls; the had added the power of standing and glass work that might grace proaching it I was not encouraged age 14.25 to 30. Ten per cent. of ather method, the increase of the erect on straightened legs. The the boudoir of a modern society by a constant knowledge of the the total national income now level of wages,, would be the anthropoid ape, though he could woman.

kindness that has been so uni- goes in pay and pensions of civil beginning of fresh inflation, and not stand upright possessed erect

A heap of precious stones-versally shown me.. From these.. Servants. It must also be re- after the experience of the past structure, but hodepended on the gates emeralds, rubies, and two things there springs a deter membered that the Dawes pay-no one will hear of this, not even straight action of his fore-limbs.

ong-lies

beside her, while mination in the mind of your tients will only reach their pro- the German industrialists, who Changes were occurring at the beautifully carved bowls contain youngest freeman to soek to be posed maximum in years to come. imagined a few years ago that present day. The number of teeth the food intended for her passage not unworthy of your trust

The industrialists demand a re- they could draw large profits from in man was being decreased, and to the world beyond. form of the railway tariffs hy a inflation, though, of course, they the third inolar was bound soon

A beautiful figure of a black permanent Tariff Commission, did not say so in public. The to go, so that one was faced more Venus was also found in the pointing out that in some cases lesson of inflation has been learnt and more with the possibility of tomb. All these objects have the rates are as much as 300 per in Germany, and this is the best chinless aristocracy, for as the bien, packed in forty-six cases. cent above pre-war. Demands conceivable guarantee that there teeth disappeared or receded the and are to be handed over to the are also made for a reduction of will be, no fresh inflation, chin would alsa recede.

Government of Algeria. It was sometimes said that tho the burden of interest and for the Everyone, high restoration of mortgage advances learnt to reckon in gold values. anatomist oould not explain how

lost It must, after all, be concluded man for the agriculturists," whose

Jhis tail. What financial difficulties are in large that the programme of the Reichs-actually happened to-day in life district are being wrecked by The houses in the Cheshire measure responsible for the exist-verband der Deutshen Industrie was that as the child grow the salt mines. The salt dissolved ing economic crisis. Many cases offers in itself no indication of tall was brought in and assumed from sult rock immediately under are occurring of agricultural pro- the way out of all the existing a new function. The muscles of the foundations of the buildings. Yet everyone in the tail were used to carry the Many houses have been con- perties being compulsorily put up difficulties.

auction, when, in consequence Germany agrees that it is quite weight of the intestines, which demned and are ungafe to live of the general tightness of money, impossible,at present to foresee otherwise had nothing to suppert in because the unstable founda- no more than one-third to one-how the crisis will develop or howthem in that region of the front tion has made them

Tables for above may now be booked at the Hongkong or Repulse Bay Hotels.

Telephones: C.32 & C.776.

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fourth of the pre-war prices is long it will endure. secured. With the Reichshank discount rate at 9 per cent, the interest burdens which have nor mally to be paid by industry are double pre-war.

The industrialists admit that, just as in other countries there; has been in Gerinany an exces-- sive development of the apparatus of industrial production, and that! reorganisation is in consequence inevitable. But the failures have not been confined to the firms with nothing behind them, found- ed during and since the war, but include, also a large number of: firms, which may justly claim) the right to exist. In order to provent the process of reorganisa- tion from being controlled by more. chance, the industrialists urgently recommend cartel and trust formation in many branches. The Potash Syndicate may be adduced " model: its deliberately. thought-out closing down of works resulted in the restoration of the prosperity of potash mining with unexalipled rapidity. The syndicate is at present working only 90 of the most profitable of its 221 mining works. The great! success of the foreign loans of the Potash Syndicate shows that the right course has been taken.

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For the rest, the industrialists declare their intention of doing everything to rationalise methods of production, express their agree- ment with the existing protective system, advocate the continuance of industrial cartels, and oppose the eight-hour day and the adjust- ment of wages to the presen: rising prices.

This programme shows clearly the lines which the Government] also is likely to follow in coming! years. Many of the ideas in this carefully thought out programme are well worthy of attention, but, taken in all, it demands heavy sacrifices from ever other party the rovenuo, the transport under- takings, and the workers, and it makes very few promises of sacrificos on the part, of the in- dustrialists. Above all, the con- sideration, of the effects of the | policy followed in the past summer has been avoided. Buyers and finishers of industrial products in most branches contend that the industrialists set their prices | much too high as regards, the home market." The programme of the Reichsverband makes no reference to those centen.

increased tions. The

dution introduced last summer enabled the German industrialists as a 1 rula to monopolise the home markot. They then successfully resisted wage increases to meeti the incrossed prices, on the ground that times were too diffi- cult. This was logically inde.. fonsible, since the artificial maintenance of wages at a low level when prices rise automatic-| ally brings a great reduction in purchasing power in the home market. The policy would only bo rational if the cheaply produc ed goods could be thrown in large; quantities on the external-mark- ots. But this is not to be dono through a Protectionist tariff;'

and low has

of the body,

dangerously.

++

tinguished Oxford professor and

Sir Walter Raleigh, dis-

mentator, tells of a strange ex- eminent Shakespearean com-

periency which befell him when he visited the United States. Be- cause of a misunderstanding, the Walter at the New York pier. The reception committee missed Sir. Britisher noticed a man looking around as if trying to find some one and said, "Are you looking for me? I'm Sir Walter Raleigh." The American looked at him a moment and said, "The hell you' loan are How are you? My name's

Christopher Columbus."

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