1932-10-12 — Page 6

DEWAR'S

"White

Label

WHISKY

Sole Agents:

White Label EST SCOTCH WHISE

OF GREAT ACE

Dewar & Sons

DISTILLERO

PERTH

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,

SPARTON

RADIO

“Batárð Rickert. Hier*

Sparton Model 16.

night day and

OCTOBER 12, 1932.

DAY BY DAY

EVERY ONE 19 THE SON OF HIS OWN WORKS~~~~Corvantes.

The Empress of Japan is dus here from Shanghai at 1 pm, on Friday,

The P. and 0.8.5. Somall, from Shanghai, is due here at 6 am. on Friday.

PEGS AND

'A'

HOLES

By A. B. AUSTIN

British banking houses havo re- fused to finance bills for Rus- sian trade without guarantee of the Export Credits Department, yet they have not hesitated to loan money to Germany, thus enabling that country to finance Russian

ND how," I asked at last, sprawling across it. By pulling "do you test literary a lover attached to a spring you orders. These sums form part of

ability 7"

could make a pencil move up and the loans to Germany that are now

But all your Now that, I thought to myself, down the board. "Trozen." This is a form of high

will stump him, and I shall be skill and concentration wore re away slightly less quired to keep the pencil drawing finance which is dimcult to un-

able to go erushed by the seeming omnis- neatly between the parallel luss doratand. It is worth bearing in

cience of all the occupants of this|—in other words to keep your car mind, also, that no actual money The Chartered Bank of India, Ave- building. For how can they assess from going into the ditch.

If printers or tapestry block Is involved in the guarantees on tralia and China announce that Mr so shy and intangible a thing us J. L Crockatt has been appointed Russian trade. The Government one of the managers in their London literary ability in extreme youth makers were in demand, here was their cold psychological another board fitted with queerly guarantees that, in the event of office, in place of Mr G. Miller re-by

shaped, but not very varying slots. tired. Mr. Crockatt was manager of method?

The demonstrator did not heài- And here wore blocks of wood, default, it will pay the manufac-the Bank in Hongkong for a time.

tate: "We don't pretend to in- annoyingly alike, but each of turer concerned a part of the coat,

In regard to the will of the late fallibility," he said, "but I think which would only fit one slot. usually six per cent. of his risk, Mr. J. P. Christensen, of which wo

we have arrived at a fairly goodĮ Go ont them in as fast as your and for this they charge nine per published some particulars yester test. We give the boy or girl two fingers can move! Show that you day, it should be explained that the short summaries of different in- can discriminate like lightning be- cent. per annum on the sum local estate has been left to deccas- cidenta to expand, and we allow tween shape and shapo. guaranteed. No default has, in Ted's son. Mr. Engelhardt Christensen.

The meat monatonous of occu- fact, taken place, and the Treamerely as executor, and is to be unlimited time. One summary is divided amongst tho deceased's chosen because it is extremely

dificult to avoid sticking to the pations had their tests. Here were sury has made a comfortable pro- children.

facta presented, and the other be- two tennis balls, and a slot to ft on the transaction.

The Headquarters Committeo of the cause it allows unlimited scope for drop them into, and n alope down The ill-effects of the restriction Girl Guides Association wish to ex- ingenuity and imagination." which they ran into a box out of which you picked them up and of credit is shown in Manchester, press their sincere thanks to Mr. H. Green, of the Botanical and Forestry

Once again I had been defeated dropped them into the slot again where certain engineering firms Department, for bis valuable help in A beautiful six-leg console model have had to reduce their staffs laying out the ground round the by simplicity. I had approached so that they might run down the Sandlands Hut. They are also greatly; the National Institute of Indus- slope again and you might pick with butt walnut panels and the owing to the refusal of the Go indebted to Mr. Tang Shlu-kin, who trial Psychology in a somewhat them up and drop them into the finest cabinet craftsmanship.vernment to grant further credit generously provided the refrestuments sceptical frame of mind. The pro-slot again.... for two hours

at the opening ceremony on October 7. blem upon which I sought lafor- if you could stick it. Yes, there Has powerful nine-tube Super-facilities to Russia. One of these

mation seemed too intricate for are jobs like that, and it's as well heterodyno completely shielded

any "instituto" to tackle. The to find out whether you are going chassis with push-pull Pentode, firmu, Messrs. George Richards Automatic Volume Control, Tone and Co., Ltd., said recently that of obtaining the creditor's currency present unemployment is aggra- to like them.

is to sell him something. Other vated by a much older perplexity. These are à fow, n ̧vory few, of and Static Control. Full Vision they could have

order wise they must bay his dollars with At this time every year hundrede the testa designed to help the om- Dial, Phonograph Pick-up Jack. from Russia for any amount they their gold, a policy ruinous to their of thousands of boys and girla and ployer to assess the value of his Voltage Compensator, Antenna liked, but it was impossible to currencies and eventually to the themselves, apart from the short- applicants. To reduce each occu- Equalizer, and all modern

creditor. This process is neces- age of work, quite incapable of pation to its simplest mechanical SPARTON engineering features. accopt it in the absence of Go- sarlly, short-lived. The only re- discovering what kind of work terma-be it embraidering, WeAV- A remarkable instrument of vernment export credit. "Under maining device is to obtain more they are fitted for, or even, in Ing, shop assisting, blacuit piping. | highest quality.

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

that compounds interest and causes appeals to them.

blem with which your industrial Height 44 inches. Width 25 this firm, "wo kept about 800 men the creditor to sink more money You will admit that if a ma- paychologist wrestics. It is when inches. Depth 12 inches. on

shifts for until he decides that it is poor busi-jority of these round or square he has to tackle the boy or girl inches. Weight 58 pounds.

ness. America has experienced all months; working stendily at day three of these ways. It has ceased pegs could be supplied with round confronted by a bewildering range Demonstrations & Sales,

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

International finance is at a stale- increased. And here, within the bring forth all his than a year ahead on orders mate. Temporarily a cushion of austere and strangely furnished judgment and discrimination. which were immediately before moratoriums renders the position rooms of the Aldwych top storey, 158." Two Conservative members partially comfortable. Basle rea- which houses the Institute of Intrator, " of two kinda with toration of normal movement, how-dustrial 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 on the Government,jects. It is beyond the realm of ish, who claimed ("we don't pro-ligence isn't everything. Sympathy, Rociability, self-confidence, cons- practical politica to suppose tend to infallibility, of course ... but with no useful results so far.

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

will practically necessitate drastie "We have two kinds of voca- the making of character, and wa substantial orders from Russia revision of foreign obligations, tional problems to tackle" the have to try to estimate them."

The testing of constructivo could be placed with engineering private and governmental, unless demonstrator had said, "parenta firms in his constituency if fur-Homo unforeseen development inter- who are anxious to find out for ability was responsible for many venes. If American tariffs were what their children are fitted, and of the toys in this character store. ther credit facilities were made lowered, repayment could begin. employers who want the right Someone must spend his or her available, mentioning at the same But American industry would un-human material for different types time pulling thinge to bits in order time that out of a working popu-doubtedly be faced with the com- of joba. I can show you some that those-about-to-be-tested may

of goods from abroad. lation of twenty thousand, there Whether that is worse than log- thing of how we deal with both. spend their time putting them were six thousand unemployed in ing a substantial proportion of out-

I was glad of his guidance. But full of assorted simplicities-the standing loans is for Lincoln alone, The member for business to decide. It is not to be for his simple and matter-of-fact springs and screws of a lock, dis

explanations I might have ima-memberet paper clips, and so on. Platting also assorted in the overlooked, however, that an in- gined myself walking through If your constructive ability was room after room in a kindergarten high doubtless you would produce Trading and other interests at House that large contracts could crease of imports does not neces-

sarily connote a decrease of ex- nightmare, the kind of dream in a complete lock or paper clip with- Home are coming to the conclu-be placed in his division if Bri ports. In fact, American exports which you are given Innocent look. out much fumbling. sion

Or you might be shown a black that in restricting credit tain concluded an agreement with and imports are both at low ebbs

Ing toys which turn out to be board on which a hidden lever facilities to Russia, the British Russia similar to that put into to-day because imports of capital instruments of mental torture.

and exports of goods are impossible

moved two white discs up and Government is delag a disservice operation by Germany. The only when other nations lack capital.

down a slot. Without lotting you 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 would ask thought it Was when the need for more business these pleas is that it cannot grant foreign debts would insure repay aeroplane mechanic, here was a you how you

nient and also lift the level of battered rat cage made of twisted arranged. 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,” tho demonstrator. I kept been revealed in a report by the the trade depression at Home, it present mark-not a dificult task, which a small key was looped.'said Board of Trade that last year does seem remarkable that these It is the fetish of a favourable You had to manipulate the key as quiet.

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 cage to another, in order And while you were playing 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 in boards America into the importer class of patient and dexterous when re-and blocks of wood and bits and machine parts, France being se- Government should come in for nations and enable it to remain a pairing the inaccessible parts of pieces, you would be watched cond with only about half the considerable criticism in the mat- creditor. One foot or the other machines.

very unobtrusively, of course, but must be withdrawn before the locks If motor-coach drivers or chauf-"they" would know. "They" would purchases of the Soviet. For the ter.

open wide and precipitate an action feurs were asked for, here was ajnotice whather you thought out current year, however, a marked

that could be controlled in advance. board with winding parallel lines your problem or whether you just decline is reported, and this la attributed to the Government's changed policy. In July, 1931, the Labour Government agreed to extend credit facilities to Russia for heavy engineering products to

IDEAL RADIO SERVICES Tel. 27806. Morning Post Building. Distributors:--

THE HONGKONG HOTEL GARAGE.

The

Hongkong Telegraph.

WEDNESDAY, OCTOBER 12, 1932,

RUSSIAN TRADE

OPENINGS

American Economics. President Hoover's speech at Des Moincs last week will probably go down on record as more damaging of the perorations of his opponent, to his campaign prospects than any 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 is impossible Russian trade delegation agreed to judge. Elsewhere, it had, naturally, the very opposite effect. to place ordera in Britain for The New York Stock Market machinery to the value of six mil. broke and Europe grew suspici lions sterling, but less than half dollar and although the doubts ous about the stability of the

this amount had been ordered were probably quite unfounded, the when the Government, on the plea pressure appears to have been very Bevere, President Hoover over- of economy, cancelled the former reached himself in his effort to win agreement and reduced the maxi-back the Middle West to the Re- mum limit to twelve nonths on all publican cause. He told them ho will insist on having his war debts, credits for export trade. One con-plans to expand American export Bequence 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 picture of American Industry and

vernment has imposed a further a flood of goods from abroad. Á matter of hard fact, an economic | limit of £1,000,000 on credita

law is at work to compel America granted to Russia.

oither to withdraw from its tradi- It is noteworthy in this con- tional policy of keeping out debtor'a nexion that in June of this year, creditor. The process of adjust

goods, or to cease being a world

the Gorman Government sigued a ment already shakes America's new agreement with the repres- creditor footing. The arst jar came when Wall Street realised entatives of the U.8.S.R. under

that the policy of lending money to which credits will be given for Europe to pay interest on war debts heavy engineering goods to n had reached the point of cutting off possibility of returns. Another maximum of twenty-seven months, crack in America's creditor founda- Thus an enormous quantity of tion is the Inescapable long-term engineering orders

effect on debtors already obvious being

---when their goods are turned hack diverted from Britain to Germany. by tarlit walls. Their only means

Amertean

Comu ulong."

The place was a toy stero. If

"The Hobsons want us to come over. Shall I give them

́your liver as ́ an 'excusej”-

reserves of

"Intelligence,' said the demons-

together again. There were boxes

shuffled hopefully; "They" would ļobserve your temperamental traita -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 tosted, me- chanically "they" would take you nside and talk to you in such n 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 igo into a bank.

"But of course," said the de- monstrator as I came away, "it- ting a child to an occupation will never be an exact science. It will always be something of an art.”

For which qualification I felt profoundly grateful. -

CATS AND COMMITTEES

(By Edward Kolly, Gasbag.)

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-Paga-9)}