1932-10-12 — Page 18

B

DEWAR'S 'White

Label

WHISKY

*

Sole Agents:

White Label WEST SCOTCH WHISET

OF GREAT ACC

Dewar & Sons

DİSTILLERE

PERT

A. S. WATSON & CO LTD.

EST. 1841.

THE NEW RCA-VICTOR RADIO- MODEL R-8.

An eight tube Superheterodyne equipped with Micro Tone Control, Pentode and Super Control Radiotrons. Chassis rubber mounted in a table type Walnut finished cabinet.

Silent dialing and perfect Automatic Volume Control.

Large stock of Radios & Radio-Gramophones always on hand,

S. MOUTRIE & CO., LTD.

Chater Road.

!

The subtle allure of SILVER

Established as the perfect material for .table appointments. Its subtlety rests in its quiet, yet prevading, note of permanence of luxury. It is the tasteful gift, the gift that hostesses will appreciate newlyweds adore-everyone admires.

Silverware Dept.

LANE, CRAWFORD LTD.

THE HONGKONG TELEGRAPH. WEDNESDAY, OCTOBER 12. 1932.

SPARTON

RADIO

"Relish Riskart Viies"

Sparton Model 16.

Demonstrations & Sales. IDEAL RADIO SERVICES Tel. 27806. Morning Post Building.

Distributors:

THE HONGKONG HOTEL GARAGE.

The

DAY BY DAY

KARTONG

EVERY ONE IS THE BON OF HIS OWN WORKS.-Cervantes,

The Empress of Japan is due hero from Shanghai at 1 p.m. on Friday,

The P. and O. .. Somali, from Shanghel, is duo hero at 6 am. on Friday.

British banking houses have re-jamERAPISTRANTSUSENSI fused to finance bills for Rus- alan trade without guarantee of the Export Credits Department, yet they have not hesitated to loan money to Gormany, thus enabling that country to finance Itussian ordora. These sums form part of the loans to Germany that are now "'frozen."

This is a form of high finance which is difficult to un- derstand. It is worth bearing in mind, also, that no actual money Is involved in the guarantees on Russian trade. The Government guarantees that, in the event of default, it will pay the manufac- turer concerned a part of the cost, usually six per cent. of his risk, and for this they charge nine per cent. per annum on

vernment to grant further credit facilities to Russia. One of these firms, Messrs. George Richards and Co., Ltd., said recently that

could have

than

tt 8."

an

arder

the

PEGS AND HOLES

160

By A. B. AUSTIN

•

ап

ND how," I asked at last, sprawling across it. By pulling "do you test literary a lover attached to a spring you ability 7"

could make a pencil movo up and Now that, I thought to myself, down the board. But all your will stump him, and I shall be skill and concentration word ro- able to go away slightly lesa quired to keep the pencil drawing crushed by the sceming omnis- neatly between the parallel lines cience of all the occupants of this-In other words to keep your car The Chartered Bank of India, Aus- building. For how can they assess from going into the ditch. tralin and China announce that Ar: No shy and intangible a thing as If printers or tapestry block J. L. Crockatt has been appointed one of the managers in their London iterary ability in extremo youth makers were in demand, bere was

their cold office, in place of Mr. G. Miller re-uy

psychological another board Atted with queerly shaped, but not very varying alota. tired. Mr. Crockatt was manager of method? the Bank in Hongkong for a time. The demonstrator did not hesi- And here were blocks of wood, tate: "We don't pretend to in- annoyingly alike, but oach of Mr. J. F. Christensen, of which we we have arrived at a fairly good Go on-fit them in as fast as your

In regard to the will of

the Intefallibility," he said, "but I think which would only fit one slot. published some particulars yeater test. We give the boy or girl two fingers can move! Show that you

it should be explained that the the sum has bee her to decease short summaries of different in- can discriminate like lightning be guaranteed. No default has, he's son. Mr. Engelhardt Christensen.cidents to expand, and we allow tween shape and shape. fact, taken place, and the Trea-merely as executor, and is to be unlimited time. One summary is

divided Amongst

deceased's chosen because it is extremely! sury has made a comfortable pro- children.

The most monotonous of occu difficult to avoid sticking to the pations had their tests. Here ware fit on the transaction,

facts presented, and the other bo- two tennis balls, and a slot to The Headquarters Committee of the cause it allows unlimited scope for drop them into, and a slopo down The ill-effects of the restriction

Girl Guides Association, wish to ex- | ingenuity and imagination.” which they ran into a box out of of credit is shown in Manchester, press their sincere thanks to Mr. 11.

which you picked them up and Green, af the Botanical and Forestry where cortaln engineering firms Department, for his valuable help in

Once again I had been defeated dropped them into the slot again A beautiful six-leg console model have had to reduce their staffa laying out the ground round the by simplicity. I had approached so that they might ran down the Sandiianis Hut. They are also greatly the National Institute of Indus- alope again and you might pick with butt walnut panels and the owing to the refusal of the Geindebted to Mr. Tang Shlu-kin, who trial Paychology in a somewhat them up and drop them into the finest cabinet craftsmanship,

generously provided the refreshments sceptical frame of mind. The pro- slot again.. .. for two hours- Has powerful nine-tube Super

at the opening ceremony on October 7.blem upon which I sought Infor- if you could stick it. Yes, there heterodyne completely shielded

mation seemed too intricate for are jobs like that, and it's as well chassis with push-pull Pentode,

[any "institute" to tackle. · The to find out whether you are going Automatic Volume Control, Tone

of obtaining the creditor's currency present unemployment is aggra-, to like them. and Static Control, Full Vision they

in to sell him domething. Other- vated by a much older perplexity. These are a few, a very few, of wlse they must buy his dollars with At this time every year hundreds the tests designed to help the em Dial, Phonograph Pick-up Jack, from Russia for any amount they their gold, a policy ruinous to their of thousands of boys and girle find ployer to asacas the value of his Voltage Compensator, Antonna

liked, but it was impossible to currencies and eventually to the themselves, apart from the short- applicants. Equalizer, and all:

reduce each decu- modern

creditor. This process is neces- SPARTON engineering features, accept it in the absence of Go-sarily short-lived. The only discovering what kind of work terms-be it embroidering, wonv- age of work, quite incapable of pation to its simplest mochanical, A remarkable instrument of vernment export credit. "Under maining device is to obtain more they are fitted for, or oven, in ing, shop assisting, blacuit piping, highest quality.

our previous Russian order," said credit from the lender-a policy many cases, what kind of work or lathe working--that is the pro- Height 44 inches.

that compounds interest and causes Width 26 this firm, "we kept about 800 men the creditor to sink more money appeals to them.

blem with which your 'industrial inches. Depth 12 inches.

You will admit that if a ma- paychologist wrestles. It is when inches. Weight 58 pounds. on day and night shifts for until he decides that it is poor busi-

months; working steadily at dny ness. America hus experienced all-jority of these round or square he has to tackle the boy or girl three of these ways. It has ceased pegs could be supplied with round confronted by a bewildering range rates, we should have been able to lending and still refuses to admit or square holes, the world's quota of trades and professions and

So the world of of happiness would be enormously Inability to choose, that he must employ a thousand men for more, European goods.

international finance is at a stale increased. And here, within the bring forth all his reserves of year ahead on orders

mate. Temporarily a cushion of austere and strangely furnished; judgment and discrimination, which were immediately before moratoriams renders the position rooms of the Aldwych top storey "Intelligence, said the demons- Two Conservative members partially comfortable. Basic res- which houses the Institute of Intrator, "ia of two kinds--with toration of normal movement, how-dastrial Psychology, were a group paper and pencil, and with ma- of Parliament have been pressing ever, awaits more fundamental pro- of men and women, mostly young- terial to manipulate. But intel- this matter os the Government, jects. It is beyond the realm of ish, who claimed ("we don't pre- ligence isn't everything. Sympathy, politics to suppose tend to Infallibility, of course... soclability, self-confidence, CONE- but with no useful results so far. practical

America will give up easily its..") that they had devised means, tructive ability, nggressiveness, The member for Lincoln declared tradition of exporting more than it of making many of these tricky leadership, carefulness, persever- in the House of Commons that imports. That policy, therefore, little human adjustments.

ance, general stability, all go to will practically necessitate drastic "Wo have two kinds of voca- the making of character, and we substantial orders from Russia revision of foreign obligations, tional probleme to tackle the have to try to estimate them." could be placed with engineering private and governmental, unleas demonstrator had said, "parents The testing of constructive firms la his constituency if fur. some unforeseen development inter- who are anxious to find out for ability was responsible for many Af American tariffs were what their children are atted, and of the toys in this character store. ther credit facilities were made

lowered, repayment could begin. employers who want the right Someotic must spend his or her available, mentioning at the same But American industry would un-human material for different typos time pulling things to bits in order time that out of a working popu- doubtedly be faced with the com- of jobs. I can show you some that those-about-to-be-tested may petition of goods from abroad. thing of how we deal with both, spend their time putting them RUSSIAN TRADE

lation of twenty thousand, there Whether that is worse than losCome along."

together again. There were boxes OPENINGS

were six thousand unemployed in ing a substantial proportion of out-

I was glad of his guidance. But full of assorted simplicities-the Lincoln alone. The member for standing loans is for

business to decide. It is not to be for his simple and matter-of-fact springs and screws of a lock, dis- Platting also asserted in the overlooked, however, that an in- explanations I might have Ima- membered paper clips, and so on. gined myself walking through If your constructive ability was Trading and other interests at House that large contracts could crease of imports does not nec room after room in a kindergarten high doubtless you would produce Home are coming to the conclu- be placed in his division if Bri- ports. In fact, American exports nightmare, the kind of dream in a complete lock or paper clip with-

that in restricting credittain concluded an agreement with and imports are both at low ebbs which you are given innocent look-out much Tumbling.

out to be Or you might be shown a black facilities to Russia, the British Russia similar to- that put into to-day because imports of capital ing toys which turn

board on which a hidden lever 'moved two white discs up and Government is doing a disservice operation by Germany. The only and exports of goods are impossible instruments of mental torturo. The place was a toy store. when other nations lack capital.

If down a slot. Without lotting to British industries at a moment reply the Government has made to Imports of goods in payment of the employer wanted a motor. or see the mechanism they yok when the need for more business these pleas is that it cannot grant foreign debts would insure repay- aeroplane mechanfe, here was a southe

you thought it ment and also lift the level of battered rat cage made of twisted is evident on all hands. It has any further facilities. In view of American exports higher than their wire at the most intricate point of "All very simple, as you see,"

arranged. been revealed in a report by the the trade dopression at Home, it present mark-not a difficult task. which a small key was looped unid

favourable You had to manipulate the key as quiet. Board of Trade that last year does seem remarkable that these It is the fetish of a

trade balance that prevents this quickly as possible from one end Russia occupied the first place in avenues are being closed up, and higher velocity of trade. Abandon-of the-enge to another, in order British exports of machines and it is quite understandable that the ment of that fetish would shift to prove that you would be both with levers and pegs were playing in boarda America into the importer class of patient and dexterous when re-and blocks of wood and bits and machine parts, France being e-

Government should come in for nations and enable it to remain a pairing the inaccessible parts of pleces, you would be watched- cond with only about half the considerable criticism in the mat- creditor. One foot or the other machines. purchases of the Soviet. For the ter.

must be withdrawn before the locks

very unobtrusively, of course, but open wide and precipitate an action feurs were asked for, here was a notice whether you thought out If motor-coach drivers or chauf-"they" would know. "They" would current year, however, marked

that could be controlled in advance, board with winding parallel lines your problem or whether you just decline is reported, and this is

Ameriena Economics. attributed to the Government's

President Hoover's speech at Des changed policy. In July, 1931, Moines last week will probably go | the Labour Government agreed to down on record as more damaging to his campaign prospects than any extend credit facilities to Russia of the perorations of his opponent, for heavy engineering products to Mr. Franklin Roosevelt. It was A maximum of thirty months and the extent to which Mr. Hoover designed to impress the farmers; In return for this concession, the succeeded in this, it impossible Russian trade delegation agreed to judge. Elsewhere, it had, to place orders in Britain

naturally, the very opposite effect. for The New York Stock Market machinery to the value of six mit-broke and Europe grew suspici- lions sterling, but less than hallous about the stability of the dollar and although the doubts amount ind been ordered were probably quito unfounded, the when the Government, on the plea pressure appears to have been very of economy, cancelled the former reached himself in his effort to win severe. President Hoover Over-

agreement and reduced the maxi- back the Middle Wost to the Re- mum limit to twelve months on all publican cause. He told them he will insist on having his war debts, credits for export trade. One can plans to expand American export sequence was that Russian orders trade and will not take a brick out dropped heavily in January of of the tariff wall, painting a pretty this year, and since then the Go-farming brought to a standstill by plcture of American Industry and vernment has imposed a further a flood of goods from abroad.

matter of hard fact, an economic law Is at work to compel America olther to withdrew from its tradi-

Hongkong Telegraph.

WEDNESDAY, OCTOBER 12, 1932.

sion

this

limit of £1,600,000 on credita granted to Russia.

now

under

A

It is noteworthy in this con- tional polley of keeping out debtor's nexion that in June of this year, creditor. The process of adjust- goods, or to conso being a world the German Government signed a mont already shakes America's agreement with the repres-creditor footing. The first far entatives of the U.S.S.R.

came when Wall Street realised that the policy of lending money to which credits will be given for Europe to pay interest on war debts heavy engineering goods to a

had reached the point of cutting off maximum of twenty-seven months, crack in America's creditor founda- possibility of roturna. Another Thus an enormous quantity of tion is the inescapable long-tarm engineering ordern 18 being

effect on debtors-already obvious when their goods are turned hack diverted from Britain to Germany. by tariff walls. Thoir only means

venes.

American

sarily connote. a decrease of ex-

"The Hobsons want us to come over. Shall I givở thêm

your liver as an oxense?"

the

was

demonstrator. I kept

And while you

shuffled hopefully: "They" would observe your temperamental traits -whether you reacted cheerfully to failure or were overproud of your success. It says much for their quiet efficiency that so far no one has flared at them in a fury and fled cursing from the build- ing.

After you had been tested me- chanically "they" would take you aside and talk to you in such a way that you would find yourself doing most of the talking. They would then, having arrived at the sum total of your qualities and plotted them on a chart, be able to tell you whether you might reasonably expect to succeed as a farmer or whether you had better gó into a bank,

"But of course," said the de- monstrator as I came away, "fit- ting a child to an occupation will nover be an exact science. It will always be something of an art.”

For which qualification I felt İprofoundly grateful.

CATS AND COMMITTEES

(By Edward Kelly, Gaobng.)

If there's one thing we crave, it's to become a mem- ber of some committee or the other.

We might have been a member of the Committee of the Hongkong (Continued on Page 4.)

F