1933-05-25 — Page 8

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the

Mal Hall British Empire Fair

THE HONGKONG TELEGRAPH.

BRITISH EMPIRE

FAIR

SEE

THE

BRITISH CAR

THE

THURSDAY, MAY 25, 1933.

TEN DAYS IN GERMANY The Very Idea!

NO 2. LEIPZIG FEARS FOR FUTURE

OF FÜR TRADE

By MILTON BRONNER

THE TRUCE, THE

WHOLE

TRUCE AND NOTHING BUT THE TRUCE

By Edward Kelly. Special Rep.

MONDAY. A Truce Has Been Signed.

TUESDAY. The truce has not been signed.

Friday. The trúce has not been signed.

checked by the prohibition of the export of gold and the announce- ment of a programme directed to- ward the restoration of higher prices, emphasis during the Conference itself should natur- ally centre upon mensures for| compelling an upward trend of

Leipzig, Germany, is one of trade may be transferred there. of the The Jawish buyers know that they |prices and upon measures design-the fur trade centres

will not encounter anti-semitism. ed to securo and maintain stabill-world. For centuries it has been

in London, and should they shift ty when a satisfactory price level the custom for the fur deulers to their market one of Leipzig's old- atand upon the sidewalks of a est and most valuable industries has been achieved. In view of great street called The Bruchl. would collapse.

to bave Leipzig also claima

Wednesday. There is danger the unprecedented difficulties in which is lined with fur ware the banking situation in the houses and offices, and there each year the greatest trade fairs

their in the world. For four centuries that the truce will not be signed. Thursday, The truce has been now theso fairs have been held in custom is |United States, the course chosen meet buyers and close

deals. This was probably the only one which ended by order of the Nazi March and August. All leading foreign, send exhibits. Millions could have produced a quick re- lenders. The street must be German manufacturers, as well as signed.

kept clear. The fur trading of dollars have been spent for the versal of trend. By the suspen-

must be done in the war-erection of big building especially sion of gold payments a buffer houses and offices.

designed for the fair. There is n was- established to absorb the shocks which would have result- ed had the United States remain- ed on the gold standard while the necessary legislation was be- ing enacted and put in force, And it is a striking fact that the programme of legislation Istitutes a somewhat belated ro- cognition that the greatest single factor in producing the depres- sion has been monetary policy. Without a clear outline of the full programme contemplated, the public and the press have drawn widely varied conclusions NOLASCO DA SILVA.--On 24th as to what further measures are

May, 1913. ut Praia Grande, Macho, to Alice, wife of likely to be enacted and as to the' Nolasco de Silen, of Hongkongresults likely to follow from the

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The

Hongkong Telegraph.

THURSDAY, MAY 25, 1933,

AMERICA AND COLD

the

con-

Deutsche, verleidigt Euch gegen die jüdische. Grénclpropaganda,

#taufi

No longer do the Jewish – BUL bei Deuticha

furriers of Leipzig stand on the sidewalks of The Bruch! (as pictured above) on their once- to carry thriving trada. They mutat deal indoors--by decree of right? Naxi loaders. At Window-shopping Gorman frauleins take heed of an Anti-dow sign posted in front of department

store.

Germans defe yourselves against je afrodity propagar",

mly at German

And so on, de capo, ad infinitum, in saccula saccularum, or what have you.

A Trace on these truces, any- way..

The Telegraph, determined to get the right oil, yesterday decided to send its special representative to Peking to find out just what is happening there.

Mr. Kelly's graphic descriptions of the hand-to-hand struggle to get through the Ifole in the Great Wall, before all the pubs close at midnight, suggest that it will be an awful thing for the Sino-Japan- ese military authorities If peace actually does break out,

There is, according to Mr. Kelly, a possibility that the war may yet end in blows. Reports herewith.

1

(Special to "Telegraph")

Telegraph. Copyright. Menge Ordinance, 1995. 73, 9.37 m.b.)

(Dy

Telegraphi Reorived Mar

Ping Pong, May 24.

We are telegraphing these lines from the heart of the conflict.

Someone just threw a cracker

the through

front door, and General How Kum nearly knocked his mug of beer over when it ex- ploded. The Japanese-press refer to the matter as just an "incident", but, it is incidents like these that precipitate wars.

Propaganda is being intensively used by the Japanese, and there is not a brick in the Great Wall that does not carry a poster advertising the Empire Fair at the Peninsula. It is officially stated that a truce will be signed to-night,

Mah Joang, May 25. There is absolutely no founda- tion in the canard that truce was signed last night.

This morning we interviewed

"The League must act", we were

adderi

measures now in force, On the whole, the financin) world has expressed approval of the pro- gramme undertaken and there is an accumulation of evidence to show that financial confidence is being re-established. Adversc criticism of the Washington, pro- gramme has centred upon two pointa: first, that inflation will Economists as a body are still not be held within duc bounds, unable to make up their minds and second that bitter monetary whether or not America's aban- and trade warfare with Great danment of the gold standard Britain and the countries on a sterling basis will result. Con- has been a disastrous prelude to trol of the degree of inflation is the World Economic Conference within the power of the Pre- resident, and it is only reasonable or whether the American

to suppose that he will profit by covery programme points

the experience gained in the way for the rest of the world. previous cycle of inflation and' This is an example of the petty growing fear that the usual fair They agree only on one point, deflation. The secret of mene-annoyances which are being in-scheduled for next August may General Pakapu, of the Chinese that a drifting dollar furnishes tary stability is the maintenance nicted in Jewish tradesmen-ob-fail. And here again the fear of forces; and General Ocider, of the of a stable ratio between volume served during a visit to German British rivalry arises, because of Japanese Army. They both In-

of cities and Leipzig, a city

of the British Industries Fairs at formed us that fighting would not an additional powerful argument of production and volume

It London and Birmingham, hold-be resumed until the League of in favour of unremitting efforts credit, but this will not be an 800,000 is deeply concerned. to make the Conference a suc-acceptable ideal until the general claims to be the greatest fur mar-ing out to Jews a cheap market Nations had settled the Paraguay

price level is much closer to that ket in all the world. The busi- because Englund is off the gold Bolivian dispute.

1922 86 is largely in the hands of standard, whereas Germany is not. cess. The view genorally held which prevailed between

German Jows. Buyers come from: These business matters may or informed. The upenker by critics of the American ac- and 1928. The second criticism all quarters of the globe to pur-may not have had something to do that the military authorities took Vars have started before to- tion is that it purposes to force is based upon the fallacy that the chase raw furs, and 90, por cent with conditions as I saw them in a grave view of the trouble in

chief stimulus which follows of these buyers are Jews. They Leipzig. There were comparative- South America. a general return to the gold

bannera day through the same cause," he upon depreciation of money is spend millions for furs. They filly few Nazi guards on the streets. standard, whether or not con- that experienced by export in the hotels and restaurants. But Not so many swastikn

But in all countries, they are now staying away, not were being flaunted, but the petty added significantly. ditions are ripe. They seem dustries.

the volume of internal business because of any deliberate boycott, annoyances and display of preju to be answered, to some extent,

would not permit Bruno Walter greatly exceeds exports and im-but because of the fear of insult dices were not lacking. The Nazis London has always disputed to conduct his usual season's con- by the conversations initiated at ports. By an increase in in- and mistreatment.

He has been lionized for the Washington seeking the stabili-ternal prices, profits are restor-Leipzig's claim to being the great-cert,

(Continued on Page 19.) sation of the pound, the dollared to industry, unemployment is est fur market, and Leipzig now past four years when he conducted reduced and a more satisfactory fearn that its former lucrative furl and the yen prior to June 12, relationship is established the opening day of the Confer-tween debt and earning power. It has, however, to be It is this strengthening of the admitted that the situation is internal financial and economic structure which carries hope of still obscure. The tendency of a general benefit. A rise in pri- commodity prices in the Unitedces in the United States could not States to soar, immediately fol- full to have a favourable effect

elsewhere. lowing the inflation reports, has been stayed. Prices are, in fact, receding and the benefits of the abandonment of gold are still problematical and are likely to

One of the most important remain so until the Economic

developments of the current Conference begins to show re-year may eventually prove to sults. It illustrates once more, have been the discovery of a new gold field in South Africa. if further Illustration, were re- This field is believed to have a quired, that independent action capacity of about one-eighth of can achieve little towards the the world's present gold produc- restoration of prosperity. A tlon, and if its yield comes up to real world effort, with all nations advance estimates it could have a profound and welcome-of- ntriving in the same way for the feet on the world business de same goal, is the prime essential. pression. It is common know- Nevertheless, it would be foolish ledge that the great depression of the '90s was overcome in large to deny that the results of the part by the new supplies of gold steps taken by President.Roose which poured into the world Alaska, from velt do not offer, encouragement market from

ence.

Our Troubles May Yet Cease

be-

to the nations soon to assemble South Africa and from an inven-

tion which increased the off-

in London. At the time when clency of the process of ex- the 'agenda for the Economic tracting gold from ore. If the Conference was being worked same sort of thing should hap pon again, we might find many out, the forces which were mak-of our present difficulties dis- ing for further economic dissolving almost without warning. hold sway.A harassed and sorely-tried With the downward movement may apcedly become a reality.

Ja monotonous? Can I help it.

Gin Sling, May 26. A truce has been signed here. The object of the truce, it is Is to sweep the country clean of jasurence agents, nuisance. understood, who are becoming a These pests are invading the country in thousands, offering reduced premiums to combatants, because of the greater margin of safety.

We visited the Bottle Front this afternoon and saw, a Court Martial on a Japanese corporal and a Chinese sergeant, who came to blows in a public place sat aside AB a battlefield, in a manner calculated to cause breach of.

A serious view la the peace. takon of cases ilke this.

Nanceking, May 26.

The report in the local nowa papers that a truce has been sign- ed is false. So is the report that the aid of Sir Miles Lampson has boen sought.

re-

What happened is that both the Generals approached us, and re- quested us to put forward a basta. for the settlement of the dispute. We made the following commendations: (1) That the price of beer be reduced to fifty conta (2) That we have a drink (3) That we have another.. Thoro is a distinct possibility that our recommendations will be adopted.

STOP PRESS

Inky Pinky, To-day. In the Ma gistrate's Court this morning the rival army leaders, charged with committing a breach of the peace, were bound over to be of good be haviour for twelve months.