1931-10-14 — Page 6

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THE HONGKONG TELEGRAPH, WEDNESDAY, OCTOBER 14, 1931.

BARGAINS

in USED cars,

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THE HONGKONG HOTEL GARAGE.

The Hongkong & Shanghai Hotels, Ltd.

Innorporated In Hongkon Stubbe Read

Happy Valley

therefore, according to the autho- rity we are quoting, is the adop tion of a far more radical and in-

tolligent policy-one involving the

employment of the unemployed by: the State, the reorganisation of in-

DAY BY DAY

dustry under State control, not on SAUCY.

the

to nt.

FOLLOW IT...

оп

THE T.U.C. PUTS ITS

By Walter M. Citrine,

General Secretary of the Trade Union

Congress General Connell,

CASE.

【R. SNOWDEN succeeded inĵed Industries by increasing the

PRIDE IS AS LOUD A BEGOAR AÐ WANT, AND A CREAT DEAL MORE WHEN YOU HAVE DOUGHT the model of old-fashioned nationa-] ONE FINE THING, YOU MUST BUY TEN MORE, THAT YOUR APPEARANCE MAY liation and management by White-DE ALL OF A PIECE, BUT IT 13 EABIER hall, but by the transformation of To surTRESS THE DESIRE THAN TO the basic industries and services SATISFY ALL THAT

Franklin, into public utility corporations, Even Mr. Lloyd George in his The Women's Guild, Union Church, Minister either in the late or the it calls upon the wage-carners and Liberal Yellow Book outlined the Kowloon is holding & Whist Drive Present Government was able to salaried classes to make a dis- at the Church Hall, on Friday, Octo-do by speeches he forced every-proportionate contribution to the germa of a genuine Secialist Dro-bar 16 at 0 p.m. prompt.

one to realise that the national deficit, by increased taxation and finances are in a serious condi--In the case of many of them-- gramme aiming at the social con-

by direct cuts

in wages and Injuries to her head were received tion. trol of banking policy and of the

It could indeed be said that ha salaries. by Sum Cho, aged 12, when she. fell flow of national Investment: and into the backyard of 68. Argyle should have done this in his pre-Home Industry Uuhelped. „

that Street from the first floor. She was jvlous Budget. The stern men- Labour leaders now think

laken to the Kowloon Hospital, where aures of taxation he is now apply- Labour critlessm of the Budget, from Buch A key position the she is reported to be progressinging did not suddenly become necos therefore, is directed frat againal sacy. The necessity for them a calculated effect in enforcing economic planning of the nation favourably,

existed before the previous Budget a readjustment of standards of could be begun

The annual swimming sporta of was framed. Mr. Snowden ad-fo to the level of the least pros- On the unemployed problem, the Boy Scouts Association will be mitted as much when he recalled perous and least efficient of our

held in V.R.C. bath at 3 p.m.

the grave warning he gave the industries; against the attempt nuthority we are clting says that Saturday. The heats will be swum ho-one

can off at 4.30 p.m. on Thursday 15th Or-House of Commons Inst February restore the competitive power of with any аспас

tuber. All friends are warmly ίπη He produced, under circum-these Industries by reducing wage believe it In anything

bat vited to attend.

stances of crisis bordering upon costs; and against the unfair and of the panic, a set of proposals which had inequitable distribution VEHICLES MAY BE INSPECTED suleidal and demoralising

Falling into the street from the a belter warrant in May than they burden of balancing the national AT OUR STUBBS ROAD GARAGE | tempt to retain a huge popuintion are floor of 24, Matauwai Road, an have in September.

accounts, as between the wage- in idleness. The functions of eight-years-old girl, Leung Lai-lin,

carning and salarieti-classes, on was removed to the Kwong Wah The Roots of The Emergency. the one hand, and the laterest- Trade Unions have been to keep up fospital inte last night suffering from

drawing clans on the other hand. This is not to any that the bud- The standard of living and to pro-injuries to her head. Her condition

getary situation has not become does it forecast, any lightening of The Budget does not make, nor Lect the conditions of the working is not considered serious.

aufficiently alarming to require the cost of the war debts

and classes, but it is submitted that the

The health report for last week the application of emergency men. only policy which is going to do shows thre fatal cases of diphtheria;sures. Many of us, however, feel other fixed charges; and it initinter no movement for improving the of which was Imported: and two by events of political character, one which will aim at the recon-cases of cerebro-spinal fever, one of and that these events would tot breaking the spell of apathy and

pessimism. which terminated fatally, There have taken place if Mr. Snowden struction of Industries on a planted were also 51 deaths from tuberculosis. had taken the bull boldly by the International Situation Unaffected. economy, in the national Interest.

horna and had balanced his earlier Here we have an idea which in re-

being provided Budget in the way that a Socialist More fundamental is the critic with Japanese property that is not Chancellor of the Exchequer igm that the Budget leaves the echoed In the Labour election pro-paid for," Mr. Schofield observed to should at least have attempted to international financial situation

is one which lan Chinese whom he sentenced to two balance it

entirely unchanged. The condi- gramme, and it

months' harıl laber at the Centra)

the bound to make an appeal to a very

all eriala are not altered in the least large section of the community. a Japanese spaniel belonging to Mr. reiterated statements that Taken in conjunction with the Hosokawa, a restaurant keeper of No. parties must share responsibility degree by the balancing of our

Budget- attempt to balance the 16, Sampan Street Sub-Inspector in the

was Budget, to escape the conclusion The Government, It is true, has other aspects of Labour policy, It Rozeskwy stated that the dog might, in normal times, secure stolen during the recent anti-Japanese that the day of reckoning so clear-censed or is ceasing to borrow. disturbances, and was recovered yen-ly foreseen was deliberately post-but the financial policy pursued by victory for the Party. At present,terday at No. 16, Ship Street,

poned to secure the formation of the banking interents continues At

a "national" Government which unaltered. Foreign credits it is doubtful if it will suffice.

Before the Hon. Cemdr. Hole, at could enforce the policy that la till held in London, at the mercy any rate, whether we agree or dis-the Marine Court this morning, Ser-being pursued to-day.

of such circumstances as those Cheung, agree with the outline of Labour's geant Morris charged Sin

There will be for a long time which led to their sudden with- the, coxswain of the steam launch

which ad attitude given above, it is well that thung Shan, with having failed to to come an embittered controversy drawal by countries

under as to the origin of the financial their money locked up in Germany. we should keep in mind the objects show regulation lights when

way in the harbour on October 10 at crisis which has brought about; Nothing has happened to pre- aimed at.

8.30 p.m. The accused pleaded guilty, the political conditions that made vent a recurrence of the irresist and said that when he saw his light possible the introduction of an ble flow of monetary gold to was out he stopped and was fixing it emergency Budget of this charac-France and to the United States, when the police arrived. The Ser-

The Hoover Plan is still in s geant sail the accused had a junk

obtain But long or true signi ponse. Germany has yet to in tow and was going into the Yau-

credita required to mati shelter. When witness went, ficance of the erlais is understood the long-term alongside the accused was fixing his the country will begin to appreci-save her industries from collapse. Capital is still being hoarded he light. A fine of $25 or three weeks ate the effects of the Budget upon Capi was imposed.

our socful polfey and upon the cause of the widespread feeling standards of life of those large uncertainty now prevailing, and sections of the community living unless the whole process of

vestmont is reversed on a large on wages and salaries.

and reparation cale and debts payments reduced, the combination of these factora may bring about

worldwide crash.

clae any good le two cases (one fatal) of typhoid, one that the crisis has been produced.ciency of British industry or

The

Hongkong Telegraph.

WEDNESDAY, OCTOBER 14, 1931.

LABOUR'S POLICY.

With Britain on the eve of the most curious General Election in Ita history, it is interesting to look

RAJE DA COSTA-ALEXANDER & MOSE-DEREK OLDHAM, ETC. for a moment at the polley which

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+

is likely to comniend itself to the bulk of the Labour Party which has Mr. Henderson at its bead. The main lines of the Labour platform have already been announced, and saber analysis thereof suggests that it will command very wide-

Henry Ford caused a tremendous spread support amongst the work- ing classes and also amongst the sensation rovently when he an intelligentsin element of the Party.nounced that those of his employees who have families, and who do not We should go even further and

grow their own garden produce circumstances next year, will be dismissed from Bay hot in other than the present, when the nation their job in his plants. It is char- seems inclined to tackle its pro-acteristic of ordinary ideas blems en non-party lines, the La bour programme would meet with approval in many ether quarters as well. We have reached a stage, however, at which it is felt that

of

freedom that a man considers it a personal problem whether he buys his carrota and turnips t the corner grocery store or raises them In his own back yard. There is a touch of the feudal lordship, in

the combined gentus of our politi-[the edict, most people have com clans, no matter how they may be mented not without some justifica- labelled, is necessary to overcome

n crisis which still remains unsolv-

ed,

bid

"You don't mind

Magistracy this moming for stealing It is difficult, in view of the tions which brought about

SUGAR MARKET.

THE LATEST CABLED QUOTATIONS.

ter.

Mr. Snowden's proposals bear with particular severity upon these classes, and with indefensible harshness and unfairness upon the poorest of them, particularly close the unemployed.

The following cable at the of the sugar market yesterday has}Object of the Budget. bene received by Messrs. Pen- treath and Co.

London Terminals. March 1932 7/- down d. May 1982 7/1% down d. August 1932 7/3 down d. December 1931 0/9 down Buyers at above prices, sellers of the altuation suggests that Mr. Ford was possibly acting wisely.naking d-d more. in days of economic prosperity it

tion. However, an analytical study

In spite of these considerations. isn't necessary to consider the liv- however, we may expect. to seeing problems of one's employees. Labour making a bold for When depression comes, the scene power, and if its chances be some- changes. An employer who is in- what less than would be the case terested in home-eficiency, as well as the shop-efficiency of his men, party in election fought on

will look beyond the walls of his fac lines, Labour has none the less to

tory. That is what Ford has done. with. We Gardening 13 be seriously reckoned

an added expense.

to this

women.

have just been reading an analysis Ford has generously offered to pro- of the Opposition attitude, some vide land for those who do not have points from which are well worthy it. He is putting expert advice at the of notice in view of the large part service of every man and woman. which Labour will play in the com- There is another side to the ques- tion, too, one that the automobile Ing contest. According

manufacturer may not have con- writer, the Labour Party has fail-aldered. There is something in ed, not because it has been too working with the soil that devo- Socialistic, but because it has not lops a keener appreciation of aim-

and Socialist ple values in men genuine attempted n policy. It is refreshing to have They come, a little closer to the the point conceded that a limit has life-giving urge. Their souls grow been reached to the process to tax-with rambler roses and radishes. People have had a tendency for the ing wealth, and that a point haalast 10 years to climb higher and been arrived at where direct taxa higher in a ateol-girded world. tion is proving unproductive, be- Skyscrapers have shot caust in an International economic clouds. Aircraft has winged its system there must be "some degreeway closer and closer to the stars, of international conformity" in the This is as it should be. No ond would be foclish enough to insist lovei of taxation as in other things that these things should not be. Advanced Liberallem and moderate But while visions soar there in a Socialism, it is suggested, have so danger that they may lack the far been content with redistribut-proper foundation unless men look Ing the taxable income of the rich. to the tillage of the soil again. It has used that surplus in order It is an economic necessity that to expand the social services and men ralso their food when they are able and have the necessary to keep the poor and the unempley-ground and time. And it is a ed from starvation. But it has spiritual necessity that they get never tackled property at its source into an Independent mood again,

control or attempted to

its and swing back to a clearer crés- final authority. What is needed, tive urge.

into the

New York Terminals. March 1932 1.38 up 2 pts. May 1932 1.40 up 2 pts. July 1932 1.44 up 3 pts. September 1932 1.48 up 4 pts. December 1931-1.41 up 1 pt.

I do not think it can be disputed

are

of

These possibilities are not in the least affected by the measures. which the present Government has- taken to deal with our own bud- getary pealtion.

that the object of the Budget is The Bearers of Burdens.

to effect a lowering of the standard

of life. It does so in obedience to

Nor has there been in any speech

the view insisted upon by the jar statement made by members of employers organisations, that it the

Government any indication

d. is necessary to increase the com- that the true significance of the petitive power of British industry financial crisis is understood. So in the markets of the world by far an one can judge, the Govern reducing production costs.

and

policy is to incrense.

ment's

only competitive

of Britial

the

power The Budget given a lend to the

by placing the main bur- process of cutting costs at the industry,

den of reducing costs upon the expense of wages, salaries

wage-carners and salaried class. social services.

In defence of his Budget Mr. It carries a step further the Snowden has used arguments Tory policy of subsidiaing deprcas which suggest that he has lent himself without reserve to the carrying out of this policy. He has talked of the burden of taxa- tion borne by the richer classes as if he believed that no further, sacrifices can fairly be required" from them.

"No, that wasn't it, Roger-I held the ace and king of spades. and four clubs, iny partner bad--"

He has spoken of death duties as though they are paid by the living. In so speaking he has denied n self-evident truth and has renounced his own past,

The patlotiam of the rich will not prevent them, if they cannot avoid taxation by sucking domicile in the Isle of Man or in Jersey, from transferring their liquid capital abroad.

The

experience of Germany showed this to be a real danger. Mr. Snowden has done nothing to prevent this happening, but he has imposed upon those who posses no | capital, but are dependent upon their own earnings, the main bur- den of the crisis arising from a financial policy which he has done nothing to alter, pursued by finan- cial interests he has not attempted to control.

SILVER FUTURES.

THE LATEST CABLED QUOTATIONS.

Mesars. Pentreath and Co. heve been advised by cable of the fol lowing quotations for Now-York silver future an at the close of the market. yesterday.

December 1931 81.20 ap 75..

May 1982 82.80 up 1.05, July 1982 82.60 up 1.00.