1931-09-22 — Page 6

E

GOOD FOR HIM A GOOD FOR YOU

EDINCÍ:

SEVENTEEN HUNDRED & FORTY TWO

THE HONGKONG TELEGRAPH, TUESDAY, SEPTEMBER 22, 1931.

WHITBREAD'S

PALE ALE

BREWED IN ENGLAND

FROM THE FINEST

MALTED BARLEY &

HOPS.

THE BEER

WITH THE

HOME-SIDE TASTE!

Sole Agenta:-

A. S. WATSON & CO., ÁTD.

Wine & Spirit Merchants.

-

2. copy

our

"H" Have you Received

of

M. Record Catalogne

"V"

No. 10.

If not please 'phone us-wa aro offering you very attrac-

tive discounts and the

catalogue contains solectiona

of unusual interest,

C

REUOKAS

D

Established 1841.

S. Moutrie & Co., Ltd.

Chater Road

"H"

M

RECORDS

OUTSTANDING VALUE

in Men's All Fur

FELT HATS

IN SNAP BRIM STYLE, THESE ALL FUR FELT HATS REPRESENT THE FINEST VALUE OBTAINABLE

GREY

$19.50

BROWNS FAWNS

Lane, Crawford, Ltd.

'Men's. Wear Stylista.

necessary. The situation with which the now Government has had to

Harly difficult. In spite of

WATCH THIS AD. Brapple latterly has been pean DAILY FOR GOOD AUTO VALUE

STUDEBAKER PRESIDENT *g** 7-pane SEDAN REGAL 1930 MODEL 122 B.H.P. LEATHER UPHOLSTERY, under 5,000 Miles in Porfect Condition ko New Original F.O.B. Factory Price $2,465 (Licence No. 55).

PRESENT PRICE HK$7,590. STUDEBAKER DICTATOR "g" -pass TOURER REGAL 1930 MODEL 81 B.H.P. Com- pletely equipped; under 16,000 Miles (Lic. No. 21) Original F.O.B. Factory Price G$1660. PRESENT PRICE HK$4,000.

STUDEBAKER SIX REGAL SEDAN 1930 MODEL 6-pass 70 BH.P. under 8,500 Miles, "114" Wheelbase In EX- CELLENT CONDITION (Lic- ence No. 44).

PRICE HK$3,800.

VEHICLES MAY BE INSPECTED AT OUR STUBBS ROAD GARAGE THE HONGKONG HOTEL GARAGE.

The inhong Shanghat Entele, Lid Incorporated sa Hongkong. 23. Queen's Hond O. and Stubbe Road.

DEATH,

BOWEN.-Joseph A. Bowen, former- ly of Tylam, passed away this morning at 8.16, at the French Hospital, after n long illness. Funeral will pass the Monument at 5.30 p.m. today.

}:

Gbc

DAY BY DAY

A BOND IS 'NECESSARY TO COM- PLETE OUR HEINO, ONLY WE MUST DE CAREFUL THAT THE BOND DOES NOT BECOME HONDAGE-Mra, Jameson.

The E. & A. steamor Tanda, which sailed hence the 3rd instant, arrived at Sydney on the Zlat,

on

F

John Bull Plays the

By G. WARD PRICE:

Game.

the fact that there has been more British money abroad than forolyn money in Great Britain, it has been Impossible to call in our reserves which are in use overseas without Croating chaos in Europe, but, on

NOR the average Briton, the Frenchman and Swiss and Hol- the other hand, foreigners have

past weeks have been a lander knows to be as impossible been taking back a large part of The P. and G... Kashmir, fram period specially fruitful in jas to keep up an artificial stand- their short-term money from Lon-Singapore, with the English malls, is fresh ideas and novel terms, Justard of weather. The only stand- due here at 2 p.m. on Thursday. na the Great War taught us xeo-jard of living any nation can main- don. Factors such да there

gh-tain is the one it ears. What is graphy, the Great Slump is tunch- would of themselves tend to remove Britain from the gold standard. But there have been many other complicating cireum- stances, and the sum total has made it necessary for the Old Country

curgo

day.

Tho

mass

The Commissioner of Chinese Cusing us finance. "Short-term cre- wrong with Britain is that we some advertises that the offices and dita" and "long-term loans" com- have consed to earn ours. stations for Kowloon and District w

Getting Too Soft. be closed to public business on 23th rete with the merita or demerita

uf. a The desperate thing about September, which is a customis holi-of inflation as converantional

monplaces. The danger "fight from the poun

pound" is grown economic danger is the difficulty of the nation. Political perlis are Put up for public auction at the plain as the danger of a follow-of making it clear to the

Events no dramatic as to strike plainer. In 1914 the Government to give up the effort of maintain-pact price of $20,026, Inland Lot No. on in a Test Match.

3,209, adjoining Inland Lot No. 3.102 the most unthinking are daily re-only

needed to Hay: There is the sold for King Kwong Street, was ing sterling at parity.

$26,000 yesterday afternoon.

venting new aspects of our coin enemy. Go and fight him--and a It la casily arguable that Bri- purchasers were Messrs. At Pak-manplex international situation. The million Britons ancrificed their

Bnancial delage raging through- - lives to

to save the country. In 1931 tain's stubborn adherence to the and Weng Sum-chuen.

out the world has washed bare one the threat to our

our national welfare gold standard has been a

induce The Hongkong and Canton Ice of the great roots of the British is just as deadly, but to

its ramifications are people to sacrifice oven a part of rather than

a blessing. Indeed, Manufacturing Co., Ltd., advertise ank, so that its

the easy conditions of existence the evidencu points to thin

that the tenth ordinary yearly meet-plain for con-

ing of shareholders will be held at Every schoolboy la taught that to which they have grown clusion. Wide lanes are opened the ofices of the Genernt Manngers Great Britain largely pays for the tomed is a harder tusk. Every up now that the break has been 2, Lower Albert Road. Hongkong, on foreign food and goods ake needs such appeal is countered by the Friday, October 9, at 10.45 a.m. by means of services and return assertion of some agitator that made. We muy expect worldwide

loans technically Labour

is being explofted, that repercussions to arise from tho A Hungarian, B. Valsell, appeared known as "Invisible exports." Our "International financiers" are con- step. But when we contemplate the before Mr. Williams at the Central present experience is showing that spiring to grind the faces of the Pollee Court this morning, after the main item of theso Invisible poor, and that the sacrifice can he situation all over the globe, with having given himself up to the experts has never been sted by easily staved off by drawing up

nuthorities Zus destitute. The man the Board of Trade. Its name is some supposed immense reserve ut Home countries on gold, some un

stated that he had stowed away from Honesty.

inational wealth. The fact that silver and some on paper, and all Shanghai by the se. Sphinx. Hla

One of the chief reasons why these arguments are ton quite more or less suffering intense de-Wership made an order for his com- this country has been able to keep alncore makes them no less harm-

pression, the thought does sug- Keat itself that the time is coming when the whole monetary system will eventually have to undergo reform. The nature of that re-

form is not at the moment ap- parent, though various schools of thought will have their own ideas on the point. But obviously there is greater need to-day than ever before for international co-opera- tion, without which we may wit- ness a worldwide breakdown

Hongkong Telegraph the present economic system.

TUESDAY, SEPTEMBER 22, 1931,

BRITAIN TAKES THE PLUNGE.

The hopes entertained a short while ago that, by balancing the Budget and embarking on a policy of stern economy, Britain would arrest the flight from the pound

have, shappily, not materialised Despite all that has been done, the drain on the country's gold

reserves has continued. In the circumstances,' the Government appears to have had no alterna- tive but to suspend, for a time, the gold standard. That step has now been taken, and it is at any rate reassuring to feel that it has been hailed by the British Press of all shades of opinion as a wise and discreet move. As we Jook

mittal to the House of Detention.

WATER LEVELS.

DETAILS FOR WEST, NORTH AND EAST KIVERS.

20.

oversens KOR

Conta

up a costiler standard of living ful to the national Interests,

Sentimentalism is softening the than any other European nation f that foreigners have hitherto been fitire of the British race. We are content to leave their money inja nation that has ceased to pay our hands, and let us use it to our its way and keeps going only by Apending the savings of its stur- profit.

This confidence is well-founded, dier forefathers. However we mas As one who has formed an objec-diaguise this fact from ourselves, tive view of his compatriots by liv. we cannot disguise it from on- lookers abroad, Unless we face it The following table, issued by the ing in uther lands, I am

it the firmly, and remedy promptly, Kwangtung liiver Conservancy Comvinced that the British are

transfer his mission, shows in English feet the fairest of all nations In their deul- the foreigner will

financial confidence to some oner. water levels on the West River, Northings with the stranger. River and East River on the dates There is a solid basis for the getle and self-denying nation of named:

facts that palabra ingles "on the the type we used to be, and then Sept. Sept. ward of an Englishman-is the another grent prop will have been South American's most emphatic cut away from beneath our econe- 7.Way of asserting his veracity, and mic structure.

It was not men like the le- British cheque in almost the

the Trades Union only East River at Sheklung

kind a Continental hotel-nagogues

Congress who built up the re- The highest levels recorded are: keeper will accept.

It is no change in that British serves of wealth which Britain is

now Huandering Shlubing. 41 feet; Tsingyuen, 29.2

upon lavish feat: Samshui, 27.3 feet; Sheklang, quality which is ahaking the old-acial services." The nineteenth- established trust that other na tions

What century Englishman was a hardy individualist To accept public come to doubt is whe ther Britain is as honest with her relief was, even for the aged poor.

not self

a class-privilege, but others. is with As she We are a lazy, procrastinating humiliation.

Had the dole been invented a who hate facing unplea hundred people,

there ant facts.

refused to

years earlier, believe

would have been no British Em- that European war was possible pire to-day, for the flow of emigra

of West River at Shlubing North River at Samabui

The Manchuria Imbroglio. No matter how much and with what truth it may be insisted that

14.6. 11.1

7.8

North River at Tsingyuen 9.3 8.5 that

11.5 feet.

8.7

ате

China has needed a taste of dis minus 6 feet at Samshui and minus they reposed in us.

cipline, it is becoming increasing- ly clear that the Japanese mlli- tary demonstration in Munchuria: during the week-end was a blund- Unless er of the gravest kind. the Japanese are prepared to go to much further lengths, which is inconceivable-despite the ap parent failure of the Cabinet to

The lowest levels on record

2.7 fent at Sheklung.

HONGKONG SHARE

MARKET.

7

OFFICIAL SUMMARY BY.

STOCK EXCHANGE.

Bengueta were in request at $12. Raubs were dealt in al $41%.

We

until it burst upon us. In exact-

11

In-

On His Own Feet. Until this present generation it wns an Englishman's pride to Buyers, however, are still in the may not be knaves, we certainly

are fools.

stand on his own feet, and his in- market at slightly lower rates. Bunks were done at $2,045.

Mr. Henderson and his col dependence gave him a just sense leagues in the new Opposition are

own deserts, The trying to burke plain truths, of his

They feriority-complex which has ins Wharves were reported sales at have told their followers that stigated our polley of scuttle in $164.

there is nothing wrong at all with India and Egypt in the reflection Britain's financial position. All

All among our politicians of the same that is wanted, they say, is heavier lethargy which makes many taxation

the compulsory their. followers quite content to realisation of the country's for live on nationa

national charity. Lry-

These are unpalatable facts, but after it is better to state them now than led to leave them to be written as part of a historian's epitaph on the Bri- Cements (combined) were dealt in They stoutly proclaim their Inten-ish Empire. The country's tion of maintaining an artificial greatest need is more plain-speak- Watsons changed hands at $17.40 "standard of living" in this couning such as it is accustomed to get itry-which every intelligent from the Prince of Wales whon

Docks were in dentand at $39. Hotels (old) were wanted at $17. Lands were deal in at $90 and 800.

+

and

of

by the same way we are trying now tion which peopled the Dominions to shut our eyes

with the boldest and most enter- to the harsh reality of published conditions. prising clements of our popula

tion was kept going by steady The manifesto published by the Trades Union Congress and the economic pressure at home. control the army chiefs-no pos- this morning, being affected to same vince the world that, though we The market opened on the quiet side Labour Party will help to con- sible good can несие. On the extent by the rise in exchange. other hand, it is inevitable that the movement will stir up strong anti-Japanese

with feelings damaging ellect on Japan's trade, and the alarming possibility of mob violence directed against her peaceful nationals engaged in that trade in Chinn. The ofeers re- sponsible for the seizure uf Mukden claim to have been pro- voked by attempted sabotage on the S.M.R. but there is a curious back on events since the war, it eged outrage, and, as yet nothing lack of detail regarding the al- becomes apparent that Britain, by directly connecting the Chinese | reverting to the gold standard.military with the affair. In any has been burdening herself unduly event, the reprisals seem, on their in the attempt to maintain sterling face, entirely out of proportion, at something approaching 'parity.and there is we are afraid strong By abandoning that standard and presumption that the Nakamura Moreover, Chinese assertions that incident was the real inspiration.

the Japanese troops were out of night of Friday-

hand on the

at the same time by the ralaing of the Bank rate, it is believed that the drain on the nation's resources will be stopped. At the moment. Saturday seem to be supported there is no embargo on the out-by the known facts. Their ac- flow of gold, but if such a course tivities were disciplined, but the becomes necessary it will no doubt officers, who must be held re-

sponsible, were in no mood be adopted.

listen to the advice appeal of either the Chinese or Japanese civil authorities in

the Man-

13

or

to

the

grave.

of

It is difficult to understand, in view of the measures taken by the National Government, why the churlan capital. Ta duy, heavy withdrawals of gold from situation is rather more London should have continued,There are, rumours that a whole unless it be that there wAS brigade of troops is being de woefully wrong impression abroad snatched from Korea to Mukden In deflance of the Japanese rogurding Britain's soundness at

„Cabinet, which is sharply divided heart. It would seem, though. on the right manner of tackling |that the stories of naval objec-as affair which has become

tions to the pay cuts must have international importance. A bit- been grossly, exaggerated, whfist"|ter"fight" has been going on ̃Ve=" Ink of the possibility of a General tween the War. Minister and the Election doubtless also affected moderate members of the Minselto

Government opinion. Be that as it may, the the military elique is still power- and unfortunately Government, by now acting as itful enough to play their own hand. has, effectually puts a stop to Japan, however, in cloarly treading further mischief, and there is on dangerous ground, and it is every confidence at Home that the earnestly to be hoped that coun- Old Country, will pull through the abla of moderation will prevail crisis and emerge all the stronger and quick stops talion to restore in consequence of the drastic mon the status quo ante before it is too

lata to withdraw, honourably.. aures which have boon doomed

Ewus were done al Tis, 16.35.

Star Ferries, after sales at $06, were in demand at the close at $95

China Lights were nominal at 322 Electrics changed hunds at $834.

at $20.

and $17.

eign investments. They are

to start a witch-hunt Rome imaginary enemies called "international financial interests."

ANTIQUE SHOP

"I know we have, dear, but none of ours has this little gadget

on it."

he returns from his foreign tour. We are dole-drugged, sport- saturated nation and require the tonie of straight talk. Through all these thirteen post-war years we havo drifted, until now the most formidable financial perils of our history are staring us in the face. If we do not crush them, they will crush: UA

France five years ago overcame naimilar crisis of her fate. But the French of our day are a na--

tion of

of realists, not sentimental altruists like us, and they do not. have to buy more than half their food from overseas. To win through as they did, we shall need to call on every resource and unlity we now pовses, and on

that we have almost lost.

It is the traditional boast of the British nation that it always plays the game. The time has come when we owe that duty first and foremost to bursalvos,

--PYJAMA

PLEASURES.

By HELEN ROSE.

TOST - women's holidays are

M°

apolled not by the weather but by clothes.

A woman's clothes are,

in many Cases, her only adventure. For eleven months of the your she may bo compelled to wear a uniform, office clothed or the ordinary drass of the housewife. Her work may not allow her to be either smart

(Continued on Page 7).