1932-01-13 — Page 6

Dewar's

WHITE LABEL

White Label

Devo

ER

THE WHISKY OF DISTINCTION

REX

PORTABLE

GRAMOPHONE

A British Made machine of splendid quality-Latest type double spring motor, playing three records at one winding-Metal diaphragm soundbox of improved design-Special record and needle containers-Double action locks -Reliable automatic brake. ·

Available in Red or Blur

Price $80.00.

Usual Cash Discount

S. MOUTRIE & CO., LTD.

FINAL

Chater Road.

REDUCTIONS

in

Children's

Wear.

Woollen Jerseys from $2.00

Hats

Shoes

Dresses

Socks

etc.

1.00

1.95

1.50

50 cts.

Lane, Crawford, Ltd.

Mezzanine Floor.

THE HONGKONG

BELIEVE IT

OR NOT

CHEVROLET.

TELEGRAPH. WEDNESDAY, JANUARY 13, 1932.

A Chevrolet car in Germany averaged 30.6 miler per gallon of gasoline.

In 72-hour trial run in Gurminny, a Chevrolet sedan. earrying four persons, travel- ed 2,084 miles, averaging 28.1 miles per hour and 30.6 miles per nilon of gasoline.

AUTHORISED CHEVROLET

DEALERS.

THE HONGKONG HOTEL GARAGE.

The Bongbong & Shanghai Holele. ..

Tocorporated in Tiko

Stubbe Rol

The

Haper Valley

Hongkong Telegraph.

WEDNESDAY, JANUARY 13, 1912.

GERMAN

POLITICS.

The intervention of Herr Hitler

liminaries

and 17

the German pre-

lise. The Horites have eaten out of the hands of the industrialists for many years, and they can now hardly repudiate their old pay- masters. Ilugenburg, for instance, would not allow them to do xo.

It is clear that for a time there Wha distinct possibility of a Hitler-Bruoning combination, but since then the loaders of the Centre have formally declared their opport- tion to the making of any political experintents at a time when Ger- many is in dire straits, while the Nazis have disclaimed the idea of responding to any overtures from a Government which

they

Hope eventually to overthrow. This ex- pectation, however, is hardly likely to be taken seriously, for although the political tide has seemed to be flowing in favour of the Nazis, it is patent that they have a great distance to travel before they can hope to obtain a majority in the Reichstag. Even In the smaller Federal States, where the Nazi |electoral successes have beru sen- salionul, they have not succorded in obtaining a majority in a single

case.

however, the Nazi

al

DAY BY DAY

I CAN IMAGINE LEARNING TO LOVE UGLINESS. IT'S HONEST, HOWEVER YouNG YOU ARE, YOU CANNOT DE DE- CEIVED BY IT.-Meredith.

One further ease of diphtheria was notified yesterday.

shanghai, is due at 7 am, on Friday. The P. and 0.3.5. Karmela, from

day by the ns. Chichibu Maru was Among the passengers who left to

Mrs, ÖX, Anderson.

SILVER CAN CURE THE CRISIS.

By Mr. J. F. DARLING, C.B.E.

The author of this article is the; yielded, on an average, no more years advocated a return to the each ounce of gold, and the yield distinguished banker who has for than fourteen ounces of silver for

use of allver na n measure of at the present time is somewhat value.

less. For many centuries the value

It is doubtful whether the nations of silver was approximately fifteen of the world have thoroughly ap- to one of gold. Yet gold has now The Royal Observatory reports prehended the unparalleled nature been accorded value which. In that the anticyclone is central to the of the present crisis, otherwise de- about anventy times that of eliver! north of Hankuw

Because the world has become and is nearly finite steps would have been taken xintionary.

ere now to cure it.

steeped in a gold mentality it has } Not only am I confident that it persistently refused to recognise n A lecture will be given in the Sail-jenn be cured, but that it fa within; simple solutioni of many of the ors and Sellers' liome, 22, 1lennessy the power of our National Guvern- grave economic problems that con- Ron. Wanchai, thin evening. Wednes, ment to effect'a remedy by a very front us. It is to go back to Na- day, January 13, commering at 8 simple Act which could be passed ture's provision and again use both Paciße, 1914."

"Naval Operations in the before the acasion ends. But first silver and gold as money, impart

of all let us cadeavour to find the ing to them a value not far re, William Feel) will conduct the an

H Excellency the Governor (Sir real nature of the trouble. moved from what may be termed

The crux of the crisis, which has their natural value. numi inspection of the St. John Am- disturbed the equilibrium of the First of all we must restore equi bulancs Brigade at the South China world, is the catastrophic slump librium in the value of the money Athletic Football Ground (Caroline in world values of commodities of the world if we are to have H8) at 4.30 p.m. on Tuesday Janu-and securities. In consequence, equilibrium in trade or exchange ary 26, next.

profits are being turned into losses of commodities, which is the prli. on such a menle that there is an

pant on

A Chinese Play by the Girls of

Ader.

Proved.

SLIGHT RISE IN DOLLAR.

MARKET STILL VERY DULL.

Not

Britain Can Do It.

How in this to be done? There

the

But

silver

these

con-

All the same, though the reelies Public School, will be gives unparalleled volume of unemploy a faction of money. at the friens May Institute ment throughout the world.

on vent successes of the Hitlerites are Thursday, 1st January, at 6.30 p.nl Britain's Budget but well]

It is advisable to bank early, Mem-nigh all Budgets have been is no time for an international con- far from warranting any expecta-bers wishing to reserve tables for tea, thrown out of balance, and taxa ference. Nor would it be likely to thas of a conquest of power, they please telephone

The official polley Matron 2160-tion has become insupportable, achieve success.

In a stump so unprecedented pa of the United States and France is bave proved considerable enough to

tential buyers are afraid to buy to net as a unit in upholding the create a still further intensification The friends of Mrs. Wellington, and potential lenders afraid to gold standard. Nor is this Bur- of the surest prevalling in Ger- the wife of the Hon. Dr. A. R. lend,

prising seeing that they hold the Wellington, Director of Medical Lack of Security.

greater part of the world's gold. many. At the moment, Dr. Bruen- and Sanitary Services, will be glad

Britain, however, through her ing appears to have very adroitly to hear that the lady is progressing The crisis Roes far beyond any-, relationship with India, which is

after her recent accident. site-tracked Hitler, despite which, quiries made from Jr. Wellington added creait facilities run

In-thing that the mere provision of the largest silver-using country in cure, the world, is in a position to restore lemler is still tast night elicited the information The effective working of the credit the value of silver unaided. It can the simplest way by and Herr Hugenburg in the pre-evidently determined to keep in the that his wife's condition had im-system presuposes adequate security be done in

gainst which accommodation can authorising the Bank of England picture.

bi granted. The credit machine, to hold rupees, or their silver con- Three cases ut diphtheria were however, | silentiad election is interesting by

is not compelled to run tent, in the metallic reserves against notified to the Medical Officer of dead slow, not through luck of Bank of England notes at a value reason of the initence which these

"Dumping."

Headth on Monday. The return of power-witness the tremendous er equal to the exchange value of is. two legebers are endeavouring to

Lord Meston, in expressing hits January 9 shows 12 enses of lip holdings of the United States and

notifiable diseasen for the week end-dit power faberent in the gol Gd. per rupee. the widespread theria, nine on the Island, and four rates--but

The relationship between exert in the present situation of the keen distaste at

through lack of pound and the rupes is already vory country. Followers of German ployment of catchwords in pubile in Old and New Kowloon. There was

close, for last summer the Prime There security. politics will know that there has life, slipped, if we interpret him on death from the disense,

was also one ense of small-pox and Even at the absurdly low quo-! Minister, in effect, gave Britain's rightly, into a common error, HI

me of cerebro-spimui fever. long been much heartburning beaddress, or that part of it which six death from pulmonary tuberen anything could be sold? Commothe rupee at 18. 6d. But the silver Fifty-tations now reached how much of gaarantee to maintain the value of tween the National Socialist Party Sir William Hornell thought merit. lusts were reported.

dilies, bonds, shures, real estate-value of the rupre is how only 7d. ̧ Hindenburg-Bruening ed repetition the Hongkong

[can they be realised to any appreci- I used to be 2s. before the luxirate. There was a sugges-University Congregation.

A report has been made to the able extent anywhere in the world? Indian mints were closed 113 Ponveys

polies by Lam Cheung, a pig farmer Our immediate pressing concern, the free coinage of silver in tion sume months ago of the pass the impression that, the popular residing at an unnumbered matshed therefory, is with the restoration 1893, India had then an honest sibility of a Bruening-Hitler com-digestion is being fed upon catch-at Tin Wan Chai, near Tin Ha Wan of values, which must precede the rupee with its intrinsic valde

that at about 11 p.m. yesterday, fourį bination. but this was replaces words to supply soine sort og deinen, armed with woxden polen, raided, effective use of credit and world equal to its exchange value. India

mand or craving, arting upon the his matshed. Altogether 10 pigs, 45|recovery,

should be given this again. shortly afterwards by a confident popular mentality like drugs upon chicken

together with minor It is urged that reparations, wor Were Britain to be called upon to declaration of "Bruening without an addict. It would probably robbers who left the inaished for an golt by the United

articles were taken away by the debts, tariffs, and the hold up of implement her guarantee it would Hitler, this being superseded in

States und be under conditions equally ruinous My correct

HILL that the unknown direction. turn by a "Hitler without Brnen majority of the vague terms at taken by the

The total booty Frønec are blocking the way. And to both Britain and India. rabbers amounted t has been suggested that these were Brilain to anticipate har ing" ammonement. These develop torbed to certain special circum- $211.50.

jquestions should all be considered guarantee and boldly declare to the |ments wear a reaction from the senstances or conditions are coined by

together at a comprehensive Inter-world that India's mints would be the educated to deceive the mal- sational steress

national conference.

reopened to the unrestricted coin. arhieved by the

titade who cannot, or will

I am very much not.

afraid if we age of rupees, and that Nazis at the Hesse elections, which think for themselves. The screech- |

Pupees, or their have to wait for such a conference spens to have convinced Hitler that ing of the Conservative Press re-

to effect a cure for the world crisia, tent,

be would

received by the Bank of. general bankruptcy. through sheer

England-in his hour had struck. Indeed, for a garding "dumping" illustrates our

inability to liquidate debts, may be other words, would become part of time he began to behave almost as point. Ordinarily, the source ui

alend of us. It is, indeed, not in the metallic basis for the money of Britain-she would not only – ៧០ though he was the coming dictator origin of goods does not interest

very far off. To call such a con-215 There is a slight improvement ference before raising values is much to restore tranquility in of Germany. He went so far as to the purchaser if the price happens.

India but could save the world from announce that power would fall into suit his purse, at the large in the Hongkong dallar to-day, putting the cart before the herne.

amount of merchandise imported 18. 5/16.

the rate having advanced 1/8th to Now, to bring about a restora. imminent economic and social dis- his hands in a few weeks, and out-

on demand. The tion of world values some dynamic ster int Britain by foreigners is co- lined his foreign as well as

If thin were done forthwith the market, however, is dead. with price-raising power is needed, a sidered, rightly, detrimental absolutely nothing doing. Simi- force, moreover, which would raise value to be imparted to silver, even domestic potieg In interviews with British interests, and a catchword, tar conditions are reported from values without increasing debts, the old gold parits, would be ap should sterling ultimately rise to aerredited foreign journalists, at ["dumping." has been designed with Shanghai,

Whence is this dynamic force to In London, silver is down 1/5th come?

of proximately one-twentieth that the same time sending emissaries | the clear object of misrepresenting

It is ready to hand. pro- gold, which would still be well with- for spot, the forward quotationvided by Nature. to test feeling in the various Euro- the farts." Catchwords

being unchanged. There

in its production or natural value. is no permissible if they sureinetly enn

The sterling price of silver would pean cupitala,

special feature, the market ruling Gold and Silver. ver a true meaning to the listener uninteresting after the official Nature has provided the world be raised from 19d. to 48d, por for reader. But "dumping" seoks fixing, with America not working. with two metais eminently suitable standard ounce and definitely stabl

laed at that. The gold price would New York reports a rise of for use as money, and from the arrival as the saviour of society ner" is thrusting goods upon a seemed to synchronise with a re- country which does not want them, enguition by many Germans that and that only the imposition of the reputation for political sugneity heavy duties can stop such "con- which Dr. Bruening has so longabvious that cheap Russian gouds

spiruey."

"It, must, however, enjoyed had scarcely been earned.cannot find their way into Britain, Thus it came about that "Hitler or elsewhere for that matter, un- without Bruening" seemed almost less there Is i merchant prepared a possibility. Unfortunately for to buy them in the hope of reaping the Nazi leader, however, his quick and easy profits. The true electoral success

was followed by, corrective for "dumping" is to be the discovery of a Hitler conspiracy found in action against the home for bringing about a putsch in that attempt is even now being made to exploiter. It so happens that an

State. This disclosure, which gave find a market for cheap Russian the lie to his repented declarations cotton goods in Hongkong. A local In favour of "legal methods,” enn- | businessinan has receive an in- vinced the publie that the triumph viting document, offering cotton sheets and so on át ridiculously low of the National Socialist

Party

prices. He prefers to ignore the world involve Germany in an un-offer. Others, who receive similar mitigated reign of terror and a invitations, they may be less scrupu- once created a situation in which lous, if the term can be considered the "Hitler without Bruening" pro- | justifled. 1, at least, more Kramme was doomed. Some at-talifted than can be any future tempt has been made by the Nazis outery against the "dumping of

Russian goose in Hongkong." lo pose as the champion of the workers' interests, but nothing could demonstrate the unreality of Tam Kwal, a clothes dyes podlar from Waichow, was waylaid by foot this claim more than the Nazi as-pads on the Taipo high road, near the Rociation with the industrialists, Ten-and-n-Half Marstons, on Monday and the use which the industralists valued at $31.20. He was dragged afternoon, and robbed of his goods,

are prepared to make of it. Some Into the undergrowth and tied to a members of the Nazi party have free himself and return to Yaumati bush, but subsequently was able to

been trying to rescue the movement where reported the affair. The from this association, but such a

description of the two men implicated has been circulated amongst the main- separation is not likely to materia-tand stations.

hin

Areording to a correspondert wha

7303

has been visiting Germany, Hitler's to suggest at the "hated forek 1/8th in silver, on a steady murs ; dawn of history both have been so be raised from about 30 United

be

ket, while the cross-rate has im-used. Nature has also indicated proved to .4091.

their relative values, for she has

ANNOUNCER: "After stopping to that fast number, how

would you like to waltz the new year in ?"

States cents to about 70 cents per ne ounce, on the present gold value of sterling, and would rise sterling rose. So recently as the beginning of 1926 the gold price of silver was also about 70 cents. Enhanced Buying Power,

What now would be the effect upon the world? Not merely would the silver-mine owners bo enriched and the basis for credit enlarged, with an effect upon world purchasing power analogous to vaat now discoveries of gold, but the value of the great mass of silver already in existence in the world, held in India, China, And elsewhere, would be substantially enhanced. and with it the well-being of per huns the greater part of the popula tion of the globe who hold that silver.

Now this could not take place on the scale that is here contemplated without reacting on the world- values of all commodities and securities. The restorative effect on all values would be immediate and world-wide, enabling

| and selling, borrowing and lendin

to resume their normal course, and business to become profitable onco again. Further, this result would be achieved without adding to the siready onerous burden of world indebtedness, which, as

conse

quence of the rise in commodity prices, would be greatly lightened.

In the remonetisation of allver, we have readily available

therefore power provided by Na

4

ture capable of restoring world values, which is a condition preco- dent to world recovery. So far as I can soe, under existing condi tions, there is no other power- capable of doing so.

My