1933-06-13 — Page 22

10

Blood & Skin

Diseases

Remember that pure blood not only keeps away disasse, but is Nature's remedy-in fact, the blood is the stream of life. If the treatment of - Blood and Skin Complaints Clarko's Blood Mature is unexcelled, It expel the polsons and assiste healing.

Of all Chambics and Stevinc Bially good in Ed (UID#TABLET{'prak

CLARKES BLOOD MIXTURE

Jimmy's

1, D'Aguller Street.

NEW

BRUNSWICK

RECORDS

for

MAY.

TSANG FOOK PIANO

COMPANY.

9, Ice House St., Hongkong.

Tel. 24648.

LORD RIDDELL'S WAR DIARY

•

Revelation of Cabinet Differences

London, June 9.

The war diary of Lord Riddell, published yesterday, rovealed In- timate dotails of differenco be-l tween British Cabinet Ministera during the War and of the poor opinions of the Earl of Oxford & ‚Asquith-and- Earl Kitchener hold by their colleagues.

Mr. Lloyd George is made the dominating figure in the book, which reveals his growing friction with Lord Oxford until the latter's: retirement and his lack of faith in Lord Kitchener.

Lord Riddell recorded that, in February, 1916, Mr. Lloyd George Auld to him:, "If we pull through,; It will be the nation who will accomplish the feat in spite of the government.'

"

On the other hand, Lord Kitch- cher was equally critical of hla in Several times colleagues. April, 1915, Lord Riddell wrote that Lord Kitchener told him' that; the Cabinet did not understand the difficulties of making riflo shells, etc, and that he was being misunderstood, declaring "When the war's over, I will shake the: dust of this country off my foot) and go cast. The people hore do not understand me, and I do not understand them."

BIG POSTER.

now

"

In October, 1914, Lord Riddell recorded that Mr. Lloyd George quoted Elizabeth Asquith, Princess Bibesco, as describing Earl Kitchener as a big poster, 'n large advertisement, on which Mr. Lloyd' George commented: think she is right. He is a big man, but he does not understand English life, and whatever he may have done in the past he pays. no attention to details and does not properly control his staff. He is just a big figurehend."

In April, 1916, Mr. Lloyd George complained to Lord Riddell that Lord Oxford was "treating the war as if it wore home rule of Welch dis-establishment. He does not recognise that the nation is figliting for its life. When a sub- ject is forced on his attention, his judgment, is admirable, but he never searches out the weak pla- ces.-Router.

1

THE HONGKONG TELEGRAPH. TUESDAY.

SHARE PRICES

TO-DAY'S QUOTATIONS

The following is the list of local share quotations Issued to-day:

Banks.

I'kong Banks, $1740 n. H'kong Banks, Londen, £129 n. Chartered Bank, 2141⁄2 n, Mercantile Bank, A & B

£24% 11.

- Mercantile Bank C., £3% n.

East Asin, 308 n.

Am: O. Finance Corp., Bh. $20 n. China O. Fin. Ord., Sh.$5.40 m. Chinn O. Fin. Pref. 8h.35.00 n. Insurances. Canton Ins., $2DG_}, Union Ins., $525 8.. China Underwriters, China Fire, $595 n.

HI.K. Fire Ins., $270 n. International Assco, Sh: $4.75 n. Shipping.

$2.40 n.

Douglas, $321⁄2 b... H.K. Steamboats, '$22 a. Indo-Chinas, (Prof.) $80 n. Indo-Chinas, (Def.), $30 b. Shells (Bearer), 47/6 n. Union Waterboats, $15 n

Mining.

Benguela, $33 n. Kailans, 32/6 n.

Langkats (Single), sh. $15 n. S'hai Explorations, Sh. $2% n. S'hai Loons, Sh. $5 n. Raubs, $10 8.

Venz: Goldfields, $4% n. Benguot Exp., 31 cts. n.

Docks, etc H.K. Wharves, $128 n. H.K. Docks, $10 b.

S. China Motors A., $10 n. S. China Motors B., 38 n. Providonts (old), $3.90 b. Providents (new), $1% 'sa. Hongkows, Sh, $834 n. Now Engineeringa, Sh.$8 n.

Shanghai Docks, Sh. $1484 n.

Lands, Hotels, etc.

H. & S. Hotels, $7.05.n. H.K. Lands, $704 8. S'hai Lands, Sh. $38 n. Metropolitan Lands, Sh. $14. n. Ilumphreys, $13 b.. II.K. Realties, $8 n. Asin Realties "A" Sh. $140 n. Asia Roaltics "B" Sh. $20 n. Chinese Estates $97 n. China Realties, Sh. $14% n. China Debentures Sh.$137 n.

Cotton Mills.

Ewo Cottons Sh. $14.76 n. S'hal Cottons, Sh. $109 n. Zoong Sings, Sh.$14 n. Wing On Textiles (S) 395 n. Publle Utilities. Tramways, $21% an. Peak Trama, (old), $16% n. Peak Trama, (new), $7% n. Star Forries, $92 n. Yaumati Ferrics (old), 281⁄2 n. China Lights (old), $18.40 n. China Lights, (new), $121⁄2 n..

11.K. Electrics, $73 sa. Macho Electrica, $33 n. Sandakan Lights, $10% n. Telephones (old), $20 s. China Buses, Sh. $11 n.

SALESMAN SAM

SAM, SEE (F YA CAN ́"FIND MR. OUTT IN=HE SAID HE'D SQUARE UP IF I SENT YA ROUND TO

HIS, HOUSE!

BILLS

I'LL GO

STRAIGHT- THERE, MR. MAJOR!

THIS AIN'T NO -CAR STOP

BUDDY!

Singapore Tractions, ‡/-n. Bingapore. Prot, 18/-n.

Industriala.

Malabon Sugars "$15.0. Cald: Macg. (old); 8h. 20 n. Cald: Macg. (Pref.), Sh. $10 n. Canton Icon, 86 n. Cements (Com.), 87.60 b. Cemonts (old), 36.40 n. Coments (new), $1% n. HK. Ropes, $9 n.

Stores, etc,

Dairy Farms, $271⁄2 b. Watsons, $10`n, ・ Der A Wings, $1 m. Lane Crawfords, $4,90 a. Mackintosha, $21 n/ Sincores, $14 n. Wm-Powells, $2,10-à.

Wing On (H. K.), $190 n. *- Miscellaneous. Amusòments, $121⁄2 n. H.K. Entertainments, $12 8.C. Enterprises, $3. United Theatros, Sh. 80 n. -- Maçao "Greyhounds,” 810 n. Constructions (old), 84 n. Constructions (new); $1, n. B. Ind. G$ Bonds, 70% n. H.K. Govt. Loans, 34% Prem. Wallace Harpers, $9 n.

¤. ·

JUNE 13, 1933.

react by contracting in, sympathý. Trade becomes less, Interést and pro- Ats are less, consequently risks be come greater; the Onancler then with- draws further credits and so on.

The one is chasing the other, on a downward tendency, and ultimately, if this progression is continued, a com- plete stop will be reached. The only thing to prevent it is an increase in price levels.

WATER POLO LEAGUE

(Continued from Page 8.)

(at S, China; 6.80 p.m.) Tuesday, July 4.

Chinono B.C. v. Royal Navy

(at 0.9.9.C., 6 p.m.)

Y.M.C.A. "A" v. S. China "B

Assume that a point is renched, be- fore human patience has broken under the strain, by inflation of currency, or

(at C.B.B.C., 6.80 p.m.) credit by expanding cre we gel production and money into such a relationship as Civil Servanta B.C. v. S. China "A" (at Chineas B.C., 6 p.m.) would be called economically sound.

Price levels would than permit of YM.C.A. "B" v. Y. Companions reasonable profits. Can we say, at

(at Chinese B.C., 6.30 p.m.) point, that the

Thursday, July 6.

thin

problem is solve

It in extremely unlikely. There is

every reason to-incline to the belief S. China "A" v. S. China "B" that as soon as there is the lights, Y.M.C.A.

sign of increasing

the enormous intent strength of pro- ductive

and capacity will respond

swamp the market.

p.nu.)

(at "Bath, "A" V Y. Companiona

(at "Y" Bath, 6.30 p.m.) Tuesday, July 11.

The balance would be upset and we Y.M.C.A. "B" v. Chinesa B.C.

(at C.S.B.C., 6 p.m.) Thould have the same problem with us! signin. Under present arrangements Chung Sing BS. v. Y.M.C.A. "A"

(at C.S.B.C., 6.80 p.m.) cally impossible to control It is practically

Thursday, July 13. world proFINITE PLAN,

All this difficulty comes about through what we have termed the third property of Money: It will be seen by the analogy, that with pro- Jifle production it is necessary to have

S. China "B" v. Royal Navy

Civil

(at "Y" Bath, 6 p.m.) Servants B.C. v. Y.M.C.A. "B" (at “Y” Bath, 6.80 p.m.) Tuesday, July 18.

WORLD CRISIS

(Continued from Page 6.)..

In definito plan. The Farmer must S. China "B" University

justly his authority, and

(nt C.S.B.C., 6 p.m.) and regulato 50,000 measures are again available. production to antisfy and not exceed Chung Sing B.S. v. Royal Navy

(at C.S.B.C., 6.30 p.m.) The men have now only half the par-demand. In the interest of the com- chasing power, and can buy only 20,-munity, and of himself in the leag 000 measures, leaving the farmor run, he must not be permitted to play with ruensures, with which a game of "Dog in the feed himself and provide secu for the through the power of his ownership next crop. If he is unable to consume Capital Investment-our third proper- the surplus, more, is left for seedty of money. A definite amount must purposes.

be reserved for seed purposes, and the

utilized,

(thb

At the end of the next period, hav-rest must be consumed or ing planted extra seed, he has a much in order to satisfy all conditions.

millions Under our present greater amount of produce, and the

matt of direc amount is out of all proportion, to the have a voice in

anu purchasing power of the men. His tion of what should

he can what should be consumed. The re surplus, is now more than manage, under his present system, anlt is the presont confusion and invoat- are only two courses.open to chaos. Money is saved for hintone is to destroy the surplus ment instead of interest and pro- which should be spent. Na- and the other is to increase the pur-turally, chasing power by issuing more puper fit, it receiver the reverse-n loss. Notes. The latter course, because he Continuing our analogy, under to-

no benefit to himself, he will not day's conditions, the farmer take, therefore he destroys tho sur-manipulator of capital) does just or ho wishes, irrespective of the interests of This is exactly what we are doing the community, until as now, he has to-day, decreasing purchasing power managed to get the community and and, at the same time, attempting to himself into an economic tangle. It invest farther money to gain interest would seen that we shall always be and profit. Extra profit can only be in this tangle until we enforce a means made by increasing production or re-for the sensible manipulation of ducing costs. If we increase produce capitder a well directed plan, it would

we have to destroy It. If we re- tion, duce costs, this in turn, reduces pur-be possible to ascertain exactly what chosing

out wealth should be conserved, and what We have no way of the difficulty. Under the existing should be utilized and consumed.

of prolific and cheap pro, conditions

It is logically certain, that any plan duction, it is apparent that the pre- which destroys wealth, and suppresses sont financial system has defeat in the production of wealth, can never itself, and cannot deal with present- create a real prosperity. dag conditions.

We are actually experimenting in destroying existing wealth (in the hope of creating it again for the berbit of the money system). Finan clors are withdrawing credits and cheque Money because of the risk of financial loss Production and trade, on account of this reduction of money in circulation (purchaslig power

(To-morrow's article, probably the of the series, is sur most interesting of turistic. It envisages the passing of a series of World Conferences, all seeking to patch up the prasmnt.Bys tem, and failing, and deals with the speech of "a delegato of one of the great Powers at the Tenth Economic. complete Conference," advocating a breakaway from eurrent ideas.);

Sam Gets What He's After

WELL, THAT WON'T FARE, PLEASE

STOP ME, MISTER

MOTORMAN-ILL

HOP IT!

TEN CENTS!:

·MAKE IT FIVE! I'M ONLY HALF

ON!

Thursday, July 20,

S. China "A" v. Royal Navy

(nt "Y" Bath, 6 p.m.): Y.M.C.A. "B" v. University

(at "Y" Bath, 6.80 p.m.) Monday, July 31, Y.M.C.A. "A"-v, Chinese B.O..

(at Chung. Sing B.S. 6 p.m.) Civil Servants B.C. v. Chung Sing

B.S.

1

(at Chung Sing B.S., 6.80 p.m.)

Tuesday, August 1. Civil Servants B.C. v. Y. Com

panions

(at CS.H.C., 6 p.m.) |.Y.M.C.A. "B" v; Royal Navy

(at.C.S.B.C., 0.30 p.m.) Thursday, Aurust 3. Y. Companions v. S. Chinà "A"

(at "Y" Bath, 0 p.m.)- Royal Navy v. Civil Servants B.C. (nt "Y" Bath, 0.80 p.m.) Tuesday, August 8. Civil Servants B.C. v. Y.M.C.A. “A” (at C.S.B.C., 0 p.m.) Postponed Game

* (at C.S.B.C., 6.80 p.m.) Thursday, August 10.:: - Chung Sing B.9, v. University..

(at "Y" Bath, 0p.m.) Civil Sorvants B.C. v. S. Chine "B"

(aty Bath, 0.80 p.m.) Monday, August 14. Civil Servants B.C. v. University

(at S. China, 6 pan.) S. China "A" v. University

(at S. China, 0.30 p.m.)

GIVING A PARTY?

You will never be disappointed if you ask the

EXCELSIOR

RESTAURANT

22, Des Voeux Road Central, Tel. 26561.

for a quotation..

Call or ring up the Manager and he will set up a menu for you which will make your party a success.

By Small

TEN CENTS, ER OKAY! NUTHIN'! SHELL HERE'S YER OUT, YA PEANUT / DIME! AN!

YOU!

GIMME.A. TRANSFER UP, DILL AVENUE!

REG. U. 8. PAT, OFF.

BILL

POST

No

BILLZ

HOW CAN I, YA DUMMY? YOU'RE ON THE WRONG CAR! WE DON'T ISSUE TRANSFERS UP DILL

AVENUE!

OH, YA

DON'T HUH?

WELL, FRESHIE, ! PAID MY CARFÁRE AND I DEMAND A TRANSFER OF SOME

KINDI

OH, AS LONG, AS YER NOT PARTICULAR ABOUT IT-

15.

SOCKO

1933 MY NEA” SERVICE, INC.

BIL

THERE'S ONE-FROM THE

CAR TO THE STREET!

Small