1932-10-04 — Page 18

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TUESDAY, OCTOBER 4, 1932.

DAY BY DAY

BACKING HORSES: Does It Pay?

By TONI LINCOLN

integrity, but be based on a fresh understanding between China and Japan as to their respective rights and interests. It is, however, doubtful whether China would agree to any modifications of her

WORDS ARE WISE MEN'S COUN- TERS, THEY DO NOT RECKON THEM;OME time ngo 1 asked a well-losings by 20; and on the ten days full sovereign rights In Man- BUT THEY ARE THE MONEY OF FOOLS. churia. while Japan's opposition |~Thomas Hobben. to this proposal, which includes the withdrawal of all Japanese *forces, goes without saying. There is, however, much sound common- sense in the Commission's sugges. tion that the solution of the whole

The rainfall registered at the problem is one for direct negotia Botanic Gardens during September tion between the two countries totalled 4.42 inches, of which 2.20 cóncerned. This is, indeed, the inches fell on the 27th. only alternative either to a settle-

Price Complete with Bumpers,ment imposed by other Powers or

Spare Tire & Tubo

to fresh warfare. Obviously, the beat course is mutual adjustment H.K.$2,960.

of the situation, if it can be at tained. But even here we are up VEHICLES MAY BE INSPECTED' against the possibility that China

AT OUR STUBBS ROAD

may well ask for a complete with- drawal of Japanese troops from GARAGE.

Manchuria, and the dissolution of the puppet State, requisite of negotiation.

THE HONGKONG HOTEL GARAGE

The Hongkong & Shanghai Hotel. Lad Incorporated la lengkong, Stubbe Road

Happy Valley

The

Hongkong Telegraphı

TUESDAY, OCTOBER 4, 1932.

com-

AS * pre-

|

The P. and O. linor Rajputana, with the English malls, in now due here from Singapore at 6 pm. 1o

Morrow,

known book-maker whether on which his losings exceeded his it paid to back horses or not. His winnings, his lose would have, reply was as prompt and forcible exceeded his winnings by £27, 158, as it was significant. "Only fools On the ten remaining days he back horses," he said; "wise men would have lost £28, 108, without turn bookmakers. And since, as any winnings.

it was with the view of inves you know, there are a thousand foola for avery wise man, horaes tigating for himself this question, sro a paying business for me and which is of such Importance tu such as me.”

scores of thousands, that the Let us nesume for the purpose writer decided to indulge in fancy, of this article that our backer of in a week's gambling on the Turf, horses follows only the best and in order to see whether or not most reliable tips he can get the game was really "worth the those given by the "sporting pro- candle." For this purpose he decided to risk a pound on each phots" and see how he fares.

These tipsers are almost In-horse named as a probable winner variably mon of large experience by the sporting prophets of ten of of turf matters and of Bound our leading newspaporn. judgment based on accurate and guides whose tipa he decided to painstaking knowledge of horses follow were four of the principal and their performances. Such sporting papers and six loading The body of a woman inmate of 0, men can form as reliable andully papers. Woosung Street, was removed from estimate of the possibilities of a Imaginary Money. the Kwong Wah Hospital to the Kow-race as is humanly possible; but loon Mortuary yesterday following they have their limitations and Out of the twelve runners in or donth from some unknown poison. often prove their fallibility. In the Brat race, my teh sporting Suicido is suspected.

many cases they have only the tipstors nominated five probablo public form of the horses to guide winners, on each of which I ven- vicca whist drive held at the European the last moment, thero is often winner, which started at 6 to 1

them; they are ignorant of the tured an imaginary pound. There were 20 tabien at the Ser-intentions of

and, till the ten, only two found the actual Y.M.C.A. last night, when moal

Through falling from the cockloft, a height of 15 feet, at an unnumbered hat near the Au Wong Temple, Kow. loon City, a woman received serious injuries to her head.

owners,

care and

con-

The

Of

The Lytton Report, of course, is merely a stage in the efforts to

enjoyable evening was apont. MIA NO market to show how the against, and the result of my first compose the situation. The next D. Puncheon won the first ladies cat intends to jump. Thore venture found me £2 in pocket--u | step will be the League Council's prize with a score of 176, Mra, are, in fact, BO many doubt decidedly encouraging start.

decision on

In the second race all the pro- Davidson was second with 175, while ful and unknown elements that, the Report, China, Mrs. Fletcher won the booby prize with the utmost

phets were wrong, not one of them would be well within her rights with a score of 129. In the gente scientiousness, their failures are naming the winner, and I lost the

section, Mr. Blenkinship was first to call for a decision by the with 176, Mr. Mumford second with bound to far outnumber their two pounde staked on the other nominees, thus finding myself League as to whether the Report 174, and Mr. Hart won the booby successful predictions.

prize with 136, Tho prizes were dis- I have no wish whatever to de-level on the two opening races. amounts to a definite judgment, tributed by. Mrs. J. W. Baldwin. The preciate the well and honestly- Bad luck followed me in the next that Japan has broken her obliga- next drive is being held on Monday, meant efforts of these gentlemen, two races; for here again my ten tions, and, if so, to expect the League to bring the defaulter to

THE LYTTON REPORT, book, either by economic sanctions or otherwise. We imagine, how- ever, that the League will strain every effort to got the parties themselves to adjust the dispute, as being more

in accord with League principles, than to seek to impose a settlement on willing party. At the same time, an un

it may well be a serious matter for the League's future if it de- elines to face the frets, the more so if, by inaction or otherwise, it allows the impression to prevail that any nation can with impunity disregard its solemn international obligations.

A close reading of the prehensive summary of the Lytton! Report, will lead most independent observers to the conclusion that the Commission haa, above every thing else, sought to avoid aggra- valing Sino-Japanese relations by over-stressing responsibility for the unfortunate position which has arisen hetween the two coun- tries. As the reprezentatives of The League of Nations,

a body which primarily exists for the paciße adjustment of International disputes, its members have sought rather to prepare the way for a prevention of the unhappy hap penings of the recent past, and towards that end they have put forward certain

concrete pro- posals, all of which hinge on the suggested direct negotiations be- tween China and Japan. At the

for

་་

17th inst,

SUGAR MARKET

THE LATEST CABLED QUOTATIONS

Theirs is hard and impossible prophote proved unreliable guides, task; and if they fall, it is at least falling to find the winner of either an honourable failure. That they race, and the six pounds staked do fail, as they must fail, is an un-on their nominations were lost. doubted fact,

At this stage my faith in sporting prophets began to be rudely nhaken, for in three

successive

Mostly Wrong.

Some time ago magazine races not one of my ten galdes published the following instruc-had found a winner; and already tive list of prophecies of alx of £5 to the bad, I began to be

of the sugar

The following cable at the close our leading sporting papers, with nervous for my purse.

Things, however, Improved n market yesterday ike results. Without mentioning

trenth and Co. has been received by Messrs. Pen-aames, the list is as follows:-Alittle in the next race; for. nominated 197 winners, 170 wer although I lost £4, I won £2, 08. wrong; Beninated 155 winners while in the last race of the day 139 were wrong: C gave 105 wi- at the end of the day my balance- I lost £5 and wan £1, 78. 6d. Thus ners, of which 140 were of 110 winners nominated by D..

L Lordon Terminals.

March 1933 6/2 up d. May 1933 6/41⁄4% up 3⁄4;d. August 1933 6/7 no change. December 1933 6/10 up d. Buyers at above prices, sellera asking -d more.

New York Terminals.

December 1932 1.08 up 6 pts. March 1933 1.02 no change, May 1933 1.07 no change. July 1933 1.11 no change. September 1933

wrong;

were

sheet was: Lost, £21.; won, £9.

93. were wrong; and the figures 128, 6d.; net loss, £11, 78. 6d. It for the other two papers

la interesting to note that out of respectively, 104 wrong out of 122, all the prophecies of my ton and 131 out of 149. Thus, out of pora for six races only five 898 nominations no fewer than proved correct. 777 (over 86 per

This was

* certainly cent.) proved

most misleading.

Inauspicious start; but I consoled The following analysis of the five days in which to recover my myself by reflecting that I had prophecies of the sporting editor losses, and I locked forward hope- of a well-known daily newspaper fully to the racing on

the two

is equally convincing:-During following days. For the first race

Cuban 96-Spot N.Y. 1.16 noone month the prophet named 19 on the next day I had a choice of

to change.

Democracy in Industry. Modern industrial organisation and absolute monarchy seem

From have something in common. the workers' point of view especially in times of great unem-

ployment-the analogy la clear. Of preciating securities.

line between this anti-social attitude and some other anti-social attitudes against which the law must protect the public? It is not easy to talk to the man out of work. His iden

horses for 148 races as probable four winners and £2 richer; on winners.

His prophecies were the race I won £5. but lost £4 on wrong in respect of 155 horses, four other horses; the next race. and right in respect of 24. In GO of these races he named 68 horses, for not one of my prophets named however, played me a acurvy trick, Neverthe-none of which won. in 61 races the winner, and "bang" went the

measure- of consideration

| ners.

To cut a long story short-on the third day I won £6, 28. and lost $20-net loss, £18, 186. For four races not one of my tipsters named a winner. My three days racing loft me just £30, 38. 6d. cut of pocket!

the

same time, there can be no escan- all material considerations, the less, the cases in which the em- he named 78 horses, and scored{5 placed on the other nominees, ing the fact that the Commission worker finds his job most imper-ployee's welfare has received a nine winners.

The prophecies were made 24 the first three races.

thus leaving me £2 to the bad on. docs definitely indict Japan

tant. But workers have little if new any.control over their jobs. It is have proved encouraging sum-hours before the races were run. aggressive action in Manchuria all very well to explain to the man ciently often to attract the atten. jand the financial results of acting A Bad Week's Work.

on the prophecies are made out and for engineering the creation out of work that his condition is tion of sociologists and the pub by taking the odds offered on the left in the lurch, for the winner Again, In the fourth race I was of the puppet State of Manchukuo. due to certain economic laws. Can lic at large. They see signs that grounde before starting.

was not mentioned by a single The most direct charge which one explain satisfactorily who it is the worker of the future will have Assuming that anyone believing tipster, an oversight which cost a greater share of industrini pro- the prophecies took the odds in me £3; on the next race I lost £5 the Commission makes against makes economic laws? Can onc Japan is to be found in the state explain away entirely the responts and more control of his own crowns, he would on the 25 days' and won the same amount; while ment that "without a declaration sibility of employers to their loyal economic destiny. Moreover, the eng and himself in the follow on the race following walle ing position:-Winnings on 14 paltry 28. in my pocket. Thus my and efficient employees? Is it any probability grows that the monar days, £27, 158. Losing on 25 days, second day's ventures resulted in of war, a large area of indisput- use to point out that the economic chy of industry will be overturn-£78, 0s. Net loss, £50, 58. a loss of £4, 188. Out of 50 tips ably Chinese territory has been practice is one of "everybody for ed not by revolution bat by evolu-

On four of the days his win-for the first five races of this day- forelbly seized and occupied by himself," and to try to define the tion.

nings would have exceeded his only seven gave the actual win- the armed forces of Japan, and separated from and declared in dependent of the rest of China." It is true that note is taken of Japan's denial that her action is is often found to be that democracy inconsistent with her interna might work as well in business as tional obligations, or that her in government. And he is not milltary operations in Manchuria alone in this speculation. Here and have been other than legitimate there employers are earnestly ex- acts of self-defence. Whilst the perimenting with the possibility of making business pay-for every- Commissioners do not argue this body. For instance, the Columbia point, they do categorically state, Conserve Company has tried 'em- elsewhere in their report, that the ployee ownership with marked suc- Japanese military netion of Sep- cess. The 150 workers own tho tember 18th, 1951, which marked business, and fix their own wages the beginning of Japan's policy of porta say not one has lost his job and working hours, Recent re- nggression in Manchurin, cannot throughout this long period of be regarded as a measure of legi- economic, trial. This firm is not timate self-defence. Inferentially, alone in its leanings toward indua- the Commission's fladinga under trial democracy, nor in Its success this hending would appear

with the employee ownership plan. charge Japan with Infringement Britain where the "co-partnership" It has several counterparts in Great of the Nine-Power Trosty, the plan, as followed and developed by Peace Pact and the League Covo- such leaders as Lord Loverhulme, nant, respect for which is urged Sir George Livesey and the Rown- as a necessary element in any trees of York has made industrial solution to be renched. Lord history. How far auch businong Lytton. and his colleagues do not management may be wirely

ried is, of course, a question. The consider that the situation can be

stock-ownership plan followed by met by a reversion to the status some largo corporations In at least quo ante, and they therefore en- a few instances seems to have in- visage a now regime in Manchuria creased the hardship of employees which would recognise China's thrown out of work because it noverolgnty and administrative also tied up their savings in de

.to

car-

**You seo, doctor, It's her dollie that's sick."

The fourth day's racing resulted in a net loss of £18, 5s.; on fifth day I finished level, with £29 won and £29 lost; while the sixth day showed losses, £26; win- ninge, £15, 10s.;-net loss £9, 10s. On adding up my losses for the week I found that I had dropped £52, 18. 6, by staking a pound on each horse named as a probable winner by my ten sporting pro- phots a result which, if the loss had been real and not imaginary, would have made me feel distinct- ly and. For the 88 racca only one of my papers found ten winners, ono scores nine, two others eight, and the remainder from five to seven; while for 18 out of the 88 races, the winner was not given by a single one of the ten tipsters.

WAYS THEY HAVE IN THE NAVY ·

THE Royal Navy, to a grent

Txtent, has a language of

its own, and a landsman who had been present the other day when the King, at the conclusion of the Royal Review off Weymouth, algnalled the order, "Splice the (Continued on Page 2.)