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TELEGRAPH. TUESDAY, DECEMBER 22, 1931.
the world should abstain from do- ing so. Very shortly afterwards, In 1922, the conclusion was reached at a conference held in Genon, deal- Ing with the problem of the restoration of currency stability in Europe, that the successful main tenance of a 'gold standard would be materially promoted, not only by the proposed collaboration of Can- tral Banks, but by an International convention The purpose of such a convention, It was suggested,: should be to centralise and co- ordinate the demand for gold no as to avold those wide fluctuations in its purchasing power which might otherwise result from the simul- taneous and competitive efforts of a number of countries to secure metallic resoryes. How little notice has been taken of these warnings has been clearly shown by the developments of recent times. In the circumstances, RA O British banking journal points out, a re- by Britain to the gold standard cannot be hurried, since it would be felly to ignore the fact that in the conditions which have prevailed in recent years, the system has signally failed to
principal objective, namely, atability of prices. The various impediments to its smooth working have now resulted in Ita complete breakdown, and it would
turn
achieve its
therefore be extremely unwise for
Britain to again link her currency to gold until there is a reasonable prospect that all countries adopting the system will agree to abide by rules, the non-observance of which
|
8011-
DAY BY DAY
SYLVIA THOMPSON prescribes
A Cure for the Restless.
B
of
The RM.S. Empress of Canada Eng the whole struc-happiness. His prescribed remedy.
arrived at Vancouver on the 21t n inst, at 7 s.m.
We have received from the Singer Sawing Mowing Machine Company some effective Chinese calendars.
1
in
THE INHERENT TRAGEDY OF THINGS WORKS ITSELF OUT FROM WHITE TO DLACK AND BLACKER, AND THE POOR THINGS OF A DAY LOOK RUEPULLY ON. DOFS IT BHAĶE MT, CAST-IRON FAITH? I CANNOT SAY
a time DOES; I BELIEVE IN AN ULTIMATE Who doesn't know the type of struggle). And at such DECENCY OF THINGS-R. L. Steven-woman who comes into a room like more optimism, which is only
the wind into an autumn garden, coward's pessimler, cannot help creating a dozen gusty whirlpools of people to achieve a steadiness The P. and O. S. 9. Somali, from unrest, tidying cushions, switching outlook, the personal repose which Shanghai, le due here at 4 p.m. toon lights, rearranging books, pok enable them to face dificulty
Bertrand Russell numbers fear ing the fire, ringing for something morrow.
or other, exclaiming, telephoning, which is the cause of
of worry and here a flower, there unrest, among the first cause of un- ture of conversation and scattering is to face the facts and then froe all thought to the four corners of your mind to deal with other the celling?
things. "When some misfortune The woman who sits down only threatens, consider seriously and to jump up again because she has deliberately what is the very y forgotten a message, a workbox, a that could possibly happen. Having Mackintosh's, Ltd., the well-known
will looked this possible misfortune in men's wear specialists, have issued a book, a handkerchief. Who useful desk calendar, in which the settle and read-for three minutes the face, give yourself sound dates for three months are soon at and jerk down the book, exclaim-ronsons for thinking that, after all, ing that it is time" for tea, or it would be no such very terrible glance.
going out, or writting a letter. disaster. Such reasons always exist,
aince The Fidgety Male.
at the worst nothing that The Society of St. Vincent de Paul acknowledges with thanks the sum of
Who hasn't suffered too, from happens to oneself has any cosmie $291.00 from the Portuguese Ladies' the pacing male, the man who fidmportance. When you have looked Sewing Circle for distribution amongst the Howloon Poor under the aber gels with everything on the man- for some time steadily at the worst you will find that Society, as a special Christmas grant, telpiece while he talks, who cannot possibilities...
argue without raising his voice, who often, worry diminishes to a quite Mr. Fung Kwok-on, of No. 143 cannot think without marching up extraordinary extent and
is replaced by a kind Turg Choi Strect, Shamshuipo, re- and down, who cannot leave any- the end
of exhilaration."
Everyone knows- the grawing. ported to the police this morning that one to do anything, but stamps damage to the extent of about $100 about ehivvying his subordinates had been done to the front and rear or family, who cannot alt down in incessant sensation of worry or mud-guard of his motor-car whilst it an armchair but must search all fear. But few people even try to was parked opposite the Kowloon Fire his pockets to find his matchen or develop a technique of dealing with Station.
it. For instance, the woman whe cigarette case?
people are restless--they always tidying the cushions, and Inspector Lane, of the Water But Police Station, removed the body or will so excuse themselves if you poking the fire is probably afraid ahouse-boy, aged about 46, to the accuse them of it-because they that her child's cold is going to turn to bronchitis; the fidgeting Kowloon Mortuary
True. But there aro this morning. are "nervy." According
to a police report, the also many highly strung and sensi-man who fusses his subordinates
is secretly anxious about his invest "boy", who was employed by Mr. tive people who are restful.
Restlessness is a symptom of ments, or his health, or the future
of his business. Smirke, at No. 8 Cameron Road, died in his sleep.
nerves. But nerves are also a ro-
Some Remedies. ault of restlessness, and a nervous condition of mind is aggravated by
in my own minor experience, policy out of ita turn. At Basic, ing. In most cases unrest, and the tlessness" in reasonable activity- It has, of course, nover been
according to preliminary reporte, nervous condition of which it is mental and physical. The matter- claimed that the gold standard was
both symptom and
Far doors or engrossing one's mind in free from Imperfections, but prior with the exception of the French from being an interesting sign of a book-produces a sense of pro- to the War, when, to # much representatives, are agreed that sensibility and intelligence, the portion and therefore diminution
short time. greater extent than in the post-War Germany must be granted a two- Inability to be still bodily and men of worry in
In the same way seeing a good means, tally is as common among stupid perlod, it was allowed to operate year moratorium, which
play, or making oneself see people as the according to the recognised princi- without a quibble, that the United as clever people.
The real causes of restlessners and talk to them, takes States must accord equal privileges are less connected with mental than common phrase is, "out of oneself" ples and gold movements were per-
to her war allice. Yet neither moral qualities. Mistrust, weak-which is, indeed, just what one mitted to exercise their normal in-political France nar political Am-ness, lack of decision-above all, needs to get "out of! And oach fluence as adjusting factors upon erica, who want to preserve the every kind of fear-fear the credit structures of the coun- gold standard, who view with alarm of feelings, of the future of facts, assertion of the power to be calm.
for instead of make
fusay, to reat when re- tries concerned, it proved its value the steady abandonment of that restlessness. So in the opposito stlessness seems so inevitable--not sense, courage, decision, strength only enlivens one's own outlook pu and was gradually adopted by the standard by other countries, seem of character will give the most life but that of every other person greater part of the civilised world. prepare to take the only possible sensitive and responsible person re- with whom one comes in contact.
outlook. In those days; monetary gold was steps to bring the world back to a pose of manner and
gold standard and an oven keel. The recent and present crisis in not regarded as a commodity for There is something to be said for the economic life of the world -PHIPPS Discovers the settlement of international the arguments of both. It is easy form of financial uncertainly and acts on most people to-day in the debts, but as an adjusting agent for to understand French dislike of the difficulty. In such times, national THE WOBBLE- the correction of unbalanced trad-proposition that French gold be in- and personal character is tested. ing positions and the present break-vested in Germany and drawn out Naturally restless and "nervy" down has shown the necessity for a by British and French bankers. But people become, under the influence there is the other side to the of new apprehensions, more exas return to these broad principles, picture. France has been building/perating to themselves and wearing| even if modern conditions may up her colossal store of frozen gold
to other people.
Test of Character. necessitate some modification of the from German reparations mainly, They give way to fear, and quite system in detil. It is, according to paid with money borrowed from unintelligently create more fear and British banking interests, along British and American bankers. It uncertainty, and are a vicious ele-
The pilot steps on to a platform these lines that reconstruction is too much to ask lenders, who ment in an already difficult situa
(The worried man
like that of a weighing-machine, who plans must be laid, but it is gen- have been indirectly paying France, tion.
and if the reading shows that he LANE, CRAWFORD'S SILVERWARE. BRITAIN AND THE GOLD rally recognised that if they are
to subordinate their reimburse comes home from the city to a run down, he is not allowed to restless and tiring wife goes back ments to continuance of payments next day more depressed to his 80 to be successfully operated, a much to France, again with their money.work and so
The adds lack of confidence
principle of the apparatus is greater degree of international co-But that is the logical conclusion to the pessimistic tendencies.) simply Balance, the slightest pitch- operation will be required than bas to the French argument, and if it Personal calm has never
ing or rolling on the part of the is peraleted in to the end, Paris more important, influential, or subject being faithfully recorded. The wobble-meter has an obvious will discover that expert forebod-more admirable than at present;
(when there are no heroics and scope beyond the pathology Inge of financial chaos are less marching songs to help the indivi- pilats. theatrical than she supposes,
Every home should have one. dual to take his part in a national when it makes its debut this side
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THE ENTIRE OBLIGATION RESTS WITH US.
THE HONGKONG HOTEL
GARAGE.
The Hongkong Bhatghal Hotels, Ltd. facorporated in longbong. Stabb Roadl
Happy Vall
ACKNOWLEDGMENT.
Mrs. H. A. Settle lenders sincere thanks to all for the many kind expressions of sympathy in her
recent bereavement, also for forni tributer sent and attendance at the funeral.
BIRTH.
HANLON-At Canton, on December 20, 1931, to Mr. and Mre. E. M. Hanlon, a son.
The
Hongkong Telegraph.
TUESDAY, DECEMBER 22, 1931.
STANDARD.
Apart from the wider signif- cance which a settlement of the war debts and reparations problem would possess, it is generally felt in financial circles in Britain that
such a settlement must be a pre- requisite to any return to the gold standard. Only by such an ad- justment cau international ar rangements be devised which will allow of a sufficient flow of com modities from one country to an- other and thus pave the way to an understanding between creditor nations as to the methods to be
has been mainly responsible for the interests Ile; has also stated its the habit of fussing, Jerking, worry- there is a definite cure for "rest-
existing position.
proved possible in recent years.
Politics and War Debis. Political prejudice remains the greatest bar to world economic crisis is clearly the aftermath of atability. The present industrial
crude handling of the monetary and credit problems created by swollen international indebtedness after the war. It is obvious too that only drastic steps concerning governmental debts can touch at the root of the matter. Great Bri- tala, the responsible figures in life, Italy and many other coun American political and business
tries aro striving to produce the
adopted in the working of the gold standard. At the moment, the pre- blema to be solved are largely poll-only possible remedy, but at each tical in character, and it seems movo fresh difficulties ariso and clear that some time must clapse new points become apparent. There before any satisfactory solution is have, in the past few months, been found. Therefore, unt!! a way out stone regarding final and definitive some excessively optimistic expres. Is found, the question of resettlement, but Congress at Wash establishing a dofinite relationship ington and M. Laval in Ports have between sterling and gold can both shown that the fundamentals scarcely arise.
have yet to be faced. Far more It is now generally agreed that comprehensive debates betwoon the the gold standard crisis has been whole of the creditors and the caused chiefly by lack of interna debtors must be held before the
quçation becomes simplified. tional co-operalton. More than ten Laval's statement in Paris, viewed Professor Gustav from the broader standpoint, was ago, Cassel, in his zaemorandum on the most unfortunate. It revenle world's monetary problems, prepar France with her mind made up be- ed in connexion with the Brussels foro the Basla Committen has re International Financial Conference, ported, before the fringe of the strongly, stressed the need of such real suo has been touched. The United States Congress, dominated co-operation, urging, in particular, apparently by the man of the that countries in a position to draw Middle West who scema Incapabla gold to themselves from the rest of of understanding where his real
years
M.
the financial experts of the world, bo controlled by chart, an of-fact remedy of exercise out of
been
one,
METER.
America's latest contribution to Progress is the "Wobble-meter."
This is not a device for teaching
dancing, but an instrument which indicates the nervous condition of
aviators.
of
of the Atlantic I hope it will be regarded as a domestic necessity. You could put it in the hall, underneath the front-door mat. Then, when you come in from a reunion dinner, you could take your reading, and, on the strength of that, decide whether to remain at ground level or risk going up- without waking your wife.
Conversely, your wife would find the wobble-meter an invaluable guide, to her nervous condition preparatory to showing you, her dress account. The meter will tell her whether her balance is adequate to the ordeal.
Outside the home, too, the wobble-meter would have fte uses At weddings, for instance, It could be slipped under the red carpet. and a fast-minute wobble-chart of the bridegroom taken by the best man, *Should lateral or fore-aft motion
be` sufficiently pronounced" to...Bug.. guest a nose-drive' in the aisle, the B.M. should have no hesitation in forbidding him to take off..
Further details of the disastrous," outbreak of fire, reported / elsewhere as having occurred at 180, Jarvois Streat, show, that if originated in the upper of, a two-storey bulding, which appears at one time to heyh boen bullt into a narrow lang with a nonsequent [width" "of not."more-than T
Bezoss, and a depth of about
been found on thy rode #herbalist" about flour for
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