1932-02-16 — Page 8

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1082 ANNUAL RACE MEETING

BAT. 2011 Feb.

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BAT. 27th

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HONGKONG TELEGRAPH.

TENNIS TOURNEY.

OPENING DAY'S PLAY

DISAPPOINTS,

The men's singles tennis cham- plonship of the Colony opened yes- terday'at the Hongkong Cricket Club, when nino fixtures in the first yound were decided, though the results were almost entirely in ac cordance with anticipations.

Generally speaking, the tennis was not worthy of the importance of the competition and in several instances the players fell back on to pat-ball tactics which rendered games untateresting and

-their

rather boring.

TUESDAY, FEBRUARY 16, 1932.

FASCISM AND ITALY

TOWARDS THE GUILD STATE.

SHOWING

WED., 17th FEB.

ALL

At the

KING'S

BRITISH NEWS

REELS

The old year in Italy was mark- ed by the extent to which econo- mic problema have taken possea- sion of Italiana, from Government officials to private individuals of every category, to the exclusion of political international

quen- tions. In dealing with some of them Mussolini has been able to get going with a sure hand the workings of a Guild State. The Swimming lessons for tanks. Fascist revolution has replaced

at 11.45 a.m.

Continuous Programme.

the Liboral political and social Melbourne's Royal cattle Show. order of government by a differ-Yeomanry commemorates fallen ent type of economic and produc- tive organisation of society, in

comrades.

which the State enters the econo-To start days spin.

R. Choa, who was fancied to de-mic sphere with courage and a The voice of the people. fent Wong Fuk-nam, failed to do so torprice. The Fascist State

con-

because he was lured into aban-trois, but does not monopolise the Election impressions. doning most of his attacking economic activities of the country, London makes a night of it, strokes, engaging his opponent into the detriment of individual en-

to Amazing scenes at East Ham.

a baseline duel, and proceeding terprise. Mussolini

claims

Liber-

to commit a sufficient number of have avoided the defects of So- Mr. Ramsay MacDonald. blunders to give Wong the match cialism as well as those of after nearly two hours of unrealism. His realism, shutting out lieved rallies.

ay

Utopian vision of abolition of G. W. Sewell give a praiseworthy private property,

through socks,

the display against E. S. Howard to the earporations, to abolish win in quick time, while P. R. S. "inconveniences" of the capitalist Walsham revealed himself to be system. When he announced this the possessor of quite a repertoire winter that Fnacism would "go de- of strokes and a fast player on the sidedly towards the people.the cat. His success was well deiselplining and not the dethrone ment of the capitalist classes was in his mind.

Merved.

Results in detail:

Open Singles,

(First Round).

W. Wirth beat C. L. Chan 6-3, 6-7, 7-G.

Ir. Lo beat R. M. Wood 0-0, 6-1. G. W. Sewell beat E. 9. Howard 64. P. Guest beat D. S. Green 6-1, 6-3.

0-2.

6-2.

J.J. Waite beat D. Mohamed 0-2,

In spite of gloomy prophecies, firm the lira exchange remained even after the fall in sterling. Italian finance these last months has been based on a balanced bud- Ket of payments, and guaranteed by the deflation of the currency accumulated reserves and by ty readjustment of the prices of goods and of labour to the stabi lised level of the lira. Italy has

Buffaloes at White-Hall. Getting ready for the fifth, Guy Fawkes day. The Prince at Merseyside. A present for Irincess Elizabeth. Mr. MacDonald after the victory. Wimbledon's wonder. Goodwin's take their toll, The Lord Mayor's show.

Stalls

&

Many others.

Prices

20c.

50c.

D. Circlo

R. S. Walsham beat Luk Chan-reaped some advantages of a poor Complete Change of Programme cheung 6-1, 4-0, 9-6.

G-D.

F. II. Kwok beat C. C. Stark 6-8,

Wong Fuk-nam beat R. Choa 0-2, 6-7, 7-5.

J. W. Leonard beat W. J. Howard,

W.0.

To-day's Programme. No. 1 Court Hata.

T.

J. J. Barrow

No. 2-G. W. A. Tufton v Wai-tsel.

Lea

No.-F. Groge v F. G. Koh. No. 4-H. D. Rumjahn v D. D. McKay,

No. 5-E. C. Fincher K. H. Wong.

No. 6-G, La! v E. C. Holmes.

HONGKONG SHARE MARKET.

more

country, deprived of having any recent recourse to foreign loans, and driven by the world crisis to rely on her own resources than in former days. Resources being somewhat meagre, economic expansion has been curtailed, and many business enterprises, started during the postwar period of in- flation,

have been forced into liquidation; but it is the opinion of the Government that fl in ero healthy economic condition is the result of automalle pruning.

The Counell of Corporations.

Weekly.

ENGLISH BOOKS" IN

SWEDEN.

STOCKHOLM "BEST SELLERS.”

Stockholm that books in English, or translal- ed from English, have had the biggest sales of all foreign litera- ture in the Stockholm bookshops. Although the sales of English de- tective and humorous novels have decreased, first-class English fiction and poetry have been in greater demand. While there has been a

booksellers declare

Hope is expressed that fuller No. 9-Taul Wai-put v S. A. Gray,powers will be given soon to the National Council of Corporations which is presided over by Muss ini. This year-old Council, which crowns the entire Syndicalist or- ganisation, exercises rights near-good demand for travel books and

and ly equal to those of a real legisla. memoirs. Winston Churchill's tire assembly parliament of a well as Norah Hoult's "Root

promises toy Early

volume of The World Crisis," as develop into a true Guild type representing the Let James Joyce's "Dublin Sket- different categories in the country. ches." several works by D. H. Its chief concern this winter has Lawrence, and Cronin's "The Hat- been the discussion of commercial

excellent

OFFICIAL SUMMARY BY STOCK EXCHANGE.

The opening session this morning Was even quieter than yesterday's, and, generally speaking, operators would seem to be adopting a "wait and see" policy.

Sales.

Union Insurance $400. Providents (Old) $5. Ewo Cottons Tls 14%. Telephones $23. Dairy Farms $30. Constructions (Old) $5%.

Buyers.

Chinese Estates $UD. "Dairy Farms $294. Amusements $18.26. Constructions (Old) $5.10. Constructions (New) $1.80. Government Loans 30% prem.

Selleres. Docks $29.

the

translations

new

of

a new

treatles and tariffs. Its members ter's Castle," have been nak for a new tariff policy, but sellers. A notable contribution to it is difficult for Italy to advance ostry has been Erik. Blomberg's

the exquisite lyrical a fixed policy of her own in the Masefield. De la Mare. Hardy, presont tangle of world economics. Yeats, and several other English The principle of bilateral

com-poets. mercial treaties is adhered to, but some safeguards are necessary to Translations, too, are plentiful, galn just balance. Iuly has Dr. Heyman has translated Bos been rudely awakened to her losses well's "Life of Dr. Johnson," with by the way that Yugo-Slavin, in ample commentaries, and apite of a commercial treaty, has translation of Shakespeare's plays been free to dump cheap live stock has quite recently been offered to in Italy to the Horious detriment the public. The latter, in twelve of the home market.

volumes, has been made by Dr. Another

newly-appoint Per Hallstroom, the disappointment has been the commercial treaty with ed permanent secretary

of the Russia, hailed with delight at the Swedish Academy, and one of "the time by a large section of op- Big Five" awarding the literary timista. Trade with Russia showa Nobel prize. The work was begun n defelt much in Russia's favour,

in, 1922, and is now completed. and there is real uneasiness as to Once before, in the middle of the eventual payment of Italian past century, Dr. Hagberg, a pro- ports,

Russia agreed to pay by fessor in

the Lund University, instalments up to forty-two turned the whole of Shakespeare HIA Yesterday, months' credit, the credits being ufo Swedish blank

translation became 87.11/16 covered by a Government guaran-easy-flowing 17.11/10 too to the extent of 75 per

of very popular, and will probably remain in use for stage production also in the future. Dr. Hallstroem, an author of high standing with an' Intimate knowledge of English, quite Independent has mado version, following the originni more closely, but his verso is ocasionally a little too difficult for the stage.

EXCHANGE RATES.

Paris. Geneva Derlin. Oslo

Helsingfors

Athens.. Buenos Aires Shanghai.

New York,

Amsterdam. Vienna. Madrid... Bucharest

Hongkong.

Friday.

87%

17.85 14.16/32

18%

*224

270

.30%

*3

OX-

14.9/10 the total value of each order.

18%%% The New Year will entall sneri

fices from both capitalists and 30 workers. It is surprising how un- 1/10% 1/10.15/16 prepared Italian manufacturers 3.40 were for the anti-dumplug mea- 8.64 Bures. England had been for so 32 many generations the paradise of 44 manufacturers of Italian furnish-

ing fabrics, woollen goods, furni 1/5ture, early vegetables, and citric

.3.444

8.62

| Brussels .

Milan

32 .43,11/10 .676

1/6.5/10 .24.05

60.7/10 1774 Copenhagen 18.3/10

116

Lisbon

.109

Rio

4.5/16

Stockholm.

Prague.

Honbay.

.1/0.5/32

Yokohama, Montevideo

Montreal

|

.2/0 .Bi

.3.08

(forward) 10%

Silver (spot)...19%

576

verse.

24% fruits, that they found it difficult the new secretary-genoral of the 00%%% to believe the British Government party, is said to be a disciplined 17% would take auch drastic measures, follower of the Duce, who has had 18% Unless the Valian Government caus

cause to complain recently of some Comca to some arrangement with Fascist officials harbouring ideas 100% England many manufactories must of their own. The fiery speeches

altogether. Of negotiations 1/6.5/32

117

4.3/10 are no signa at present. The of the out-going secretary ̧!

Inspirat

or

the Vatican, whether 2/01 official reason given is that Great not, gained many members for the Britain has the right to put up Catholic Action Association, and 19% its tariffs, and any form of pro- the present polley of both the 10.13/10 test just now would be useless. Italian

8.08

British Wireless..

1 LORD READING.

TO RETURN TO ENGLAND BY EASY STAGES.

altitude.

The industrialists say that therealian Government and of Plus will be negotiations after the XI, is a reasonable "give and take" Ottawa conference, when Italy will ask for help in the shape of favoured nations clauses,

The Fascist Party. The homo policy of Mussolint this year is said to be one of London, Feb. 15.

fusion between Fascists who were Lord Reading, who has made first comers to his standard and lator arrivals. He is going to try an excellent recovery after his roagain to make the party one with cent illness, is leaving Luxor in the nation, and as this fusion will few days, and will return to be very unpopular with many England by gradual stages. Fascista ho, intonda to undertake British Wireless.

the tank himself. Achille Starace,

The settlement of the dispute over the activities of the Catholic Action in Italy this autumn was welcome to everyone. The ass0~ clation now depends directly on the blahop; its members must hold aloof from politics and the national flag is to be flown at their meetings. They must not aim at the constitution of professionel associations and trade unions, but co-operate in order that the syn- dicates set up by law shall still more activity further the principle of class-collaboration.

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