1930-03-14 — Page 12

12

THE

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MARTIN HARVEY

in

66 THE ONLY WAY"

Impressive protrayal of the most stirring climax in Engligh Litera- ture. Adapted from Dicken's

**A Tale of Two Cities.”

MAJESTIC

Nathan Road, Kowloon.

THE HONGKONG `TELEGRAPH, FRIDAY, MARCH 14, 1930.

PHILIP SNOWDEN HITS BACK.

(Continued from Page 1.)

In regard to the complaint that he refused to declare the Govern- ment's intentions regarding the safeguarding and McKenna duties, Mr. Snowden pointed out that on the first day that the Government met Parliament, the Premier stated that no further applications for safeguarding would be consi dered, that the existing dut es would expire at the appointed date, and that the future policy would be declared at the right time.

Pertinent Questions."

CHINA'S ECONOMIC] FUTURE.

INTERESTING REPORT BY SIR H. FOX.

FOREIGN LOAN OBLIGATIONS

ANOMALY:

HONGKONG'S TRADE.

THE CONFERENCE EASIER.

(Continued from, Page 1.).

to reduce the means of naval de- fence below what she considers to be the necessary level.

(2) No agreement between Japan and the United States is yet in sight.

(3) Italy confines herself to a demand for parity with France.

(4) The United States and Japan equally oppose a Tripartite Agreement.

Afraid of Technique.

Some very interesting points

Mr. Ramsay MacDonald has not In regard to the demand male are touched upon in the report. in the motion for an extension of op ecomolc conditions in China succeeded in persuading Signor safeguarding, Mr. Snowden sald in 1929, compiled by Sir Harry Grandi to produce figures indicat there were two questions which Fok (Commercial Counsellor to ing Italy's needs, and Grandi's re- tens of thousands of times, and no had been put to Protectionists answer had ever been given.

The first was: If Protection would cure unemployment.in Eng- land why had it not cured unen- ployment in highly protected countries?

by Mr. H. J. Brett, and published the Legation at Peking) assisted in London by the Department of Overseas Trade.

Italy obtained theoretical parity wih France for light vessels and fusal is attributed to, the fact that

submarines at the Washington Con- ferece (without having actually at He refers among other things, talged parity) and the Italian dele- to the increased customs revenue, gation is afraid to weaken its posi and expresses the hope that the tion by continuing the discussion on pressing question of debt consolida- a technical basis. The second question was: If tion will receive more: serious, at- The correspondent says that Mr. protection was a good thing for tention from the Chinese Govern- Ramsay MacDonald finally told the workers, why were the wages ment. Domestic loans ате run- Signor Grandi yesterday, after con- in highly protected countries onlyning smoothly on the security of sulting the Admiralty experts, that

of the Customs, regardless half the wages here?

the the British would not support the. prior claims of the older foreign Italian demand for parity.-Reuter. loans.

which

When the Conservatives had answered these questions he would continue to discuss the subject but not till then.

Not for Fifty Censures! The main purpose of the motion was to condemn him because of his reticence regarding these duties. He would make no statement be- yond what he had already said.

There was nothing ambiguous regarding the Government's inten.

tions,

The Budget policy would be de- clared at the right time and not before, even for fifty votes of

censure,

Liberal Support.

Sir Herbert Samuel (Liberal) said his party unhesitatingly sup ported the Government on the ex- isting motion.

The development is one calls for serious examination foreign bondholders.

Expanding Trade.

by locally constructed on chassis import- ed from abroad, are making their ap-. pearance all over the country, more especially in North China. Where a year or two ago private motor-cars were imported in twos and threes and trucks and chassis possibly in dozens, motor vehicles are now being China literally in imported into hundreds.

In his report, Sir Harry Fox says, "as Mr. Micawber remarked to Mrs. Micawber, China is a very remarkable country." In spite of all the disturbances of civil war, in spite of industrial unrest; lack)

Hongkong's Trade Share. of transport and excess of taxation,

Promising as this may be, the China's trade was greater in the year under review than before. next few pages of the report make The figures of the import trade gloomy reading for British indus- were undoubtedly swelled by the try. As in almost every heavy purchases made by mer issued by the Department of Over- chants anxious to get goods in be- seas Trade, a lamentable parallel fore the new duties

into is drawn between the energy and force on February 1; bat Mr. Fox prosperity of American motor-car! even without manufacturers and the lethargy interests. understands that this artificial increase the import and decline of British figures would have been larger Much of the report is given over than for the year before, and at to advice to British, traders with any rate the export figures were China, and in this connexion Sir unaffected by it.

Harry Fox. repeats another all too

came

report

It was somewhat surprising that the Opposition Front Bench should have introduced a motion inviting

Since his report was written familiar, exhortation that British the Chancellor of the Exchequer there has been a widespread threat merchants must pay more to take the almost unprecedented of civil war. These disturbances tion to the work of agents in the with which they are course of declaring in advance what duties he intended to pro-the sudden slump in silver, invall to palice confidence, coupled with

pose.

It was true that uncertainty was affecting business, but it was a natural sequel to the bringing of this question of tariffs on to the floor of the House of Commons.

date to a great extent the greater hopefulness that Sir Harry Fox finds cause to express in his re port as compared with his reports in previous years.

Foreign Leans."

The Liberal Party were Free Traders because they were con-

One foundation for his hopeful- vinced that that policy was best ness seems to be a slight improve- for the country in the presentment in the National Government's circumstances of the world, British Wireless and Reuter.

A NEW PLANET DISCOVERED.

attitude to financial obligations- the Minister of Finance took over Salt Gabelle, and its revenue was used to pay quotas due for ser vices of the Anglo-French, the Crisp, and the Hukuang Loans- but it is noted that domestic loans run far more smoothly than the liquidation of foreign obliga- LARGER IN DIAMETER THAN tions, and that new Internal loans

THE EARTH.

were from time to time issued on

Railways Improve.

atten-

dealing, country must have better

agents and must pay them better. British trade with China is still a good third to American trade, u' long way behind Japanese.

Empire (minus

In millions of taels the propor- tion of foreign trade in 1928 was:

Great Britain, 176; The British Hongkong), 295

Hong-kong-which throughout the report is treated separately-- 408;

Japan, 548;

U. S. A., 833; Russia, 118.

of

British Interests.

Considering the future the security of the increased British trade with China, the re- Cambridge (Mass.), Mar. 13. Customs revenue, regardless of the port says that the Chinese people Professor Harlow Shapley, Dir-priority of the older foreign loans, are at the moment apt to be dis- trustful and even hostile to [1] ector of Harvard University Ob-

foreigners, but, at any rate among servatory, has announced that the

merchants and officials, the con Lowell Observatory at Flagstaff. Greater cause for hopefulness is viction is growing that Great Bri- Arizona, has discovered & new

to be found in the administration tain is doing her best to give planet, which is situated beyond of ailways and roads. Mr. Sun Neptune.

China a squarè deal. British mer- Fo, Minister of Railways, has laboured to rescue the railways chants are beginning to realize from the clutches of the Tuchuns, that hereafter they will have to and most of the main lines were rely not so much on treaties and by September running with some the home Government as on getting conventions and the influence of approach to regularity.

the good will of the Chinese peo- ple, although he goes on to say that he does not think manufac turers at home pay enough atten-

The new planet is larger than the earth, but smaller than Uranus, --Reuter's American Servico.

The mean diameter of the earth is 7,918 miles and that of Uranus 31.900 miles.]

THE ATLANTIC MAIL SERVICE.

U.S. CONTRACT CALLS FOR TWO HUGE BOATS.

Railway stations are gradually los ing the appearance of armed camps, generals and their subordinates find it more difficult to commandeer locamo- tives and rolling-stock at will or disk tion to the Chinese market, parti- cate traffic whenever it suits their cularly in the matter of advertis- convenience, and though, as is only ing (to which the Chinese have natural after the persistent mishand- taken remarkably in the last year), Į ling which locomotives and rolling- stock have been subjected to for some One small point of Sir Harry years past, trains are slow, break- Fox's advice is worth repeating downs of frequent occurrence, and bere. English is still, he says, the Washington, Mar. 18.

cars by no means comfortable

to second language and the first busi- travel in, one can at least start on "ness language of the Chinese; but The Postmaster General has awarded the contract for carrying some reasonable hope of arriving at and the increasing direct participa- railway journey in China to-day with with the growth of a national spirit thus enhancing the value of this one's destination which one certain- mail from New York to Southamp-ly could not doin year ago,

Lion of Chinese firms in foreign trade the Chinese language is ton to the United States, Inc.

becoming more important to the foreign merchant.

Rodda and Motor-Cars.

Tariff Autonomy.

The contract requires the con- struction of two vessels costing at The Improvement, in roads is least G$60,000,000, and equal in even more marked. The Chinese size and speed to any veasel, at people; though apathetic as ever in present operating on the trans- the matter of river conservancy, Now that the Powers have re- Atlantic service-Reuter's Ameri- suddenly were taken with an cognized China's right to complete can Service.

enthusiasm for roads and motor-national tariff autonomy, it is to

HINDENBURG SIGNS YOUNG PLAN.

cara.

and

be expected that alterations will Reports from all parts of China continue to be made in the tariff tell of the construction of new roads schedule. So far as he has been under official and municipal auspices, able to judge, the increased import roads which are levelling the walls duties of last February do not seem entirely changing the face of old to Sir Harry to have prejudicially Chinese cities, ronds running along affected the volume of importa. the banks rivers, wirdink

in and Although taxation and tariffa are out of villages, even

inseparable in China, he does not mountain passes. Some of theso

are well constructed, being pro discriminate

consider that Chinese authorities in their irregular perly metalled and drained; Berlin, Mar, 13.

against bad or at least indifferent, mere mud taxes

foreign goods, President Hindenburg has sign-tracks which become impassable in Chinese produce coming down from ed the Young Plan Bill, "with a rainy weather. But they will in the interior is often taxed more. heavy but staunch heart.".

WITH HEAVY BUT STAUNCH HEART.

Over

more are

prove as time goes on, He is convinced that, despite its they forms a network of communics heavily than imports, for the bene- fit of military chieftains. Egge heavy burdens, it is an improve tlons in, around, and between Chinese suffer particularly. A new-laid egg

enable ment on the Dawes Plan and signi- towns and villages which fles political and economic pro- Chinese merchant and farmer to make on its way from farm to port pays, journeys unheard of a fow years apparently, in addition to Ilkin,

the

Printed and Published for the Proprietors by FREDERICK Progress towards the liberation and { ago, and so go soms way towards com- Customs duty, a produce and exami

reconstruction of Germany-

FRANKLIN, at 1 and 2. Wyndham Street, in the City of Victoria | Reuter. Hongkong.

pensating for the present inadequacy nation tax, a charitable tax, and an of railway transport: Omnibases, educational tax.

WILLIAM FOX PRESENTS

WORDS MUSIC

MORAN PATRICOLA PERCY

HELEN TWELVETREZS, FRANK ALBERTSON, ELIZABETH PATTERSON

IWE

ALL TALKING

SINGING, DANCING MUSICAL REVUE

Story by Frederick Hazlitt Brennan and Jack MEdwards

Lyrics and Music by Dave Stamperand Harlan Thompson Conrad, Mitchell ond Galler and William Kernell- Directed by JAMES TINUING

HEAR about Mary Brown, S. A. (ber special degree, meaning sex appeal) and what she did for just a poor boy trying to get an education. A rousing yarn of a dear old alma mater where you don't graduate unless you've got credits in LOVE and LAUGHTER!

66

ALL-STAR FEATURE SHORT.

NEARLY DIVORCED” with LOWELL SHERMA^—BETTY FRANCISCO.

FOX NEWS.

See and HEAR the latest events of the day.

AT THE

QUEEN'S

CLYDE DOERR

SAXAPHONE SEXTETTE

**Sunny. South "

** Technical{lies **

Bye Bye Sweetheart,'*

TOʻDAY & TO-MORROW

At 2.80, 5.10, 7.15 & 9.20.

WILLIAM FOX presents

DOLORES DEL RIO-

FIRST

SCREENING

IN

HONGKONG

At 2,80 & 7,35-

INTERPERTER

The RED DANCE

AT THE

with

CHARLES FARRELL and

IVAN LINOW

WORLD TO-DAY & TO-MORROW

Modern Drama

of

Petticoat Politics

AT THE

STAR

AT 30, 5 IS, 7·15 8·9:20.

WARNER BROS. present

"Women They

Talk About

with

IRENE RICH

AUDREY FERRIS

WILLIAM COLLIER./ CLAUDI GILLING WATER

期

Showing

in

PRODUCTION Hoogkong

How in the dry year to me daily, ng caRY ALY Derected by LLOYD BACON

A WARNER BROS

TO-DAY

81 5.30. 2 9:20

TOMOPR at 2.30, $.50 £9.20