1933-06-13 — Page 7

LORD RIDDELL'S WAR DIARY

Revelation of Cabinet

Differences

London, June 9.

WORLD CRISIS

(Continued from Page 8.)

50,000 measures are again avaliable. The men have now only half the pur- chasing power, and can buy only 20,- 000 measures, leaving the farmer with 30,000 measures, with which to feed himself and provide seed for the

next

The war diary of Lord Riddell, the. If he is unable to consuma

surplus, mera is left for seed

At the end of the next period, hav- greater amount of produce, and the Ing

planted extra seed, he has a much amount is out of all proportion, to the

published yesterday, revonled in-purpones, timate details of difference, bo- tween British Cabinet Ministors during the War and of the poor opinions of the Earl of Oxford &

Asquith and Earl Kitchenor hold using power of the mon. H

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,

is now more than he can under his present system.

to two comaca opch W |

is to destroy the

surplus and the other is to increase the pur- chasing power by issuing more paper Notes. The latter course, because ho sees no benefit to himself, he will not take, therefore he destroys the sur-

This is exactly what we are doing to-dny, decreasing purchasing power

THE HONGKONG TELEGRAPH.

The wreck of the Akron was re-

Lord Riddell recorded that, in February, 1910, Mr. Lloyd George said to him: "If wo pull through, and, at the same time, attempting to cently located on the aan bod near and profit. Extra profit can only be and salvage work has been proceed- Invest further money to gain interest the place where, the airship crashed made by Increasing production or ru- ducing costs. If we increase producing ever since. Photo shows a huge On the other hand, Lord Kitch-tion, we have to destroy it. If we re-ection being hauled out of the

It will be the nation who will accomplish the feat in spite of the government."

ener was equally critical of his colleagues. Several times in April, 1916, Lord Riddell wrote that Lord Kitchener told him that the Cabinet did not understand

duce costs,

this in turn, reduces pur- chasing power. Wo have no way out of the difficulty. Under the existing conditions of prolific and cheap pro- duction, it is-apparent that the pre- sent nancial system has defeatin itself, and cannot deal with present-

conditions.

the difficulties of making rifle day are actually experimenting in

shells, etc. and that he was being misunderstood, declaring "When the war Is over, I will shake the dust of this country off my foot and go cast. The people here do not understand me, and I do not understand them."

BIG POSTER.

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.

WATER POLO LEAGUE

(Continued from Page 8.)

(at S. China, 6.30 p.m.). Tuesday, July 4.

Chinese B.C. v. Royal Navy

(at CS.B.C.. 6 p.m.) Y.M.C.A. "A" v. S. Chinn "B"

(at C.S.B.C., 6.30 p.m.) Civil Servants B.C. v. S. China "A"

y.M.C.A. "B" v. Y. Companions

(at Chinese B.C., 0 p.m.)

(at Chinese B.C., 6.30 p.m.)

Thursday, July 6.

destroying hope of creating, wealth (in the It again for the benefit of the money system),

Finan ciera аго

withdrawing credits and cheque Money because of the risk of Anancial loss. Production and trade, on account of this reduction of mancy in circulation (purchasing power) react by

contracting in sympathy. Trade becomes less, interest and pro- In October, 1914, Lord Riddell recorded that Mr. Lloyd Georgets are less, consequently risks be como greater; the financier then with quoted Elizabeth Asquith, now draws further credits and so on. Princess Bibesco, as describing Earl Kitchener as a big poster, a larga 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 deals and docs no properly control his staff, He is just a big figurehend."

In April, 1915, Mr. Lloyd George reasonable profits. Can we say, at Price levels would thar permit of complained to Lord Riddell that this point, that the problem is solved? Y.M.C.A. Lord Oxford was "treating the It is extremely unlikely. There is war as if it were home rule of every reason to inclino to the belief Chung Bing Welsh dia-establishment. He does that as soon as there is the slightest not recognise that the nation is algn of increasing demand for goods, fighting for its life. When a sub-the enormous Intent strength of pro- ject is forced on his attention, his ductive capacity will respond and judgment is admirable, but he nover searches out the weak pla- ces.-Reuter.

THREE BASEBALL MATCHES

Assume that a point is reached, be- the strain, by inflation of currency, or fore human patience has broken under S. China by expanding credit, we get production Y.M.C.A. and money into such a relationship would he called economically sound.

*wamp the market,

na

"A" v. S. China "B"

(at "Y" Bath, 6 p.m.) "A" Y. Companions (at "Y" Bath, 6.30 p.m.) Tuesday, July 11.

"B" v. Chinese B.C.

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

(at C.S.B.C., 6 p.m.)

(at C.S.B.C., 6.30 p.m.) Thursday, July 13.

should have the same problem with us Civil Servants B.C. v. Y.M.C.A. "3"

The balance would be upset and we again. Under present arrangements

it is practically impossible to control world production.

DEFINITE PLAN.

S. China "B" v. Royal Navy

(nt "Y" Bath, 6 p.m.)

(at "Y" Balb, 6.30 p.m.) Tuesday, July 18

All this dmculty comes about S. China "B" v. University through what we have termed

the

(at C.S.B.C., & p.m.)

third property of Money. It will be Chung Sing B.S. v. Royal Navy seen by the analogy, that with pro- lific production it is necessary to have

a definite plan. The Farmer

MHURI

BOTH CHICAGO TEAMS justify his authority, and regulato

DEFEATED

Y.M.C.A.

(at C.SB.C., G.30 p.m.) Thursday, July 20.

production to satisfy and not exceed S. China "A" v. Royal Navy demand. In the interest of the coin- munity, and of himself in the long run, he must not be permitted to pla

play a game of "Dog in the Only-three major league base-through the power- -of his ball games were played to-day and Capital Investment-our

New York, June 12.

third

proper-

(at "Y" Bath, 6 p.m.) "B" v. University (at "Y" Bath, 6.30 p.m.) Monday, July 31.

none produced particularly out-ty of money. A definite amount must Y.M.C.A. "A" v. Chinose B.C. standing play.

Philadelphia obtained the better of Brooklyn and Cincinnati nosed out Chicago.

Scores as supplied by Reuter

were:

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

B.S.

(nt Chung Sing B.S., 0.30 p.m.).

Tuesday, August 1.

be reserved for seed purposes, and the rest must be consumed or

atilized, in order to satisfy all conditions.

Under our present system, millions have a voice in the matter of direc tion of what should be saved, reci what should be consumed. The sult is the present confusion and chaos. Money is saved for invest- Civil Servants B.C. v. Y. Com- ment which should be spent. Na- R. H. E.

turally, instead of interest and pro- fit, it receives the reverse-a loss.

Continuing our analogy, under to- (the manipuintor of capital) does Just as he Irrespective of the interesis of community, until

NATIONAL LEAGUE.

Philadelphia.......... 7 13 Brooklyn

4 12

500

(Whitney homered for Phila-day's conditions, the amer

delphin

Cincinnati

Chicago

wishes,

the

6 13 4

5 8 0

AMERICAN LEAGUE.

Chicago

St. Louis

he has

panions

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

(at C.S.B.C., 6.30 p.m.) Thursday, August 3.

managed to get the community and Y. Companions v. S. China "A"

himself into an economie tangle. It

(at "Y" Bath, '6 p.m.)

would seen that we shall always be Royal Navy v. Civil Servants B.C.

in this tangle until we enforce a meana

for the sensible manipulation of

1

7

0

3 7

capital. 0

DOLLAR MARKET

NERVOUS

RATE UNCHANGED THIS MORNING

After two jumps in the course of yesterday, the dollar opened this morning at 18. 5d. representing an advance-of-the-on-yesterday's opening rate, but no change from the closing rate.

The local market is, however, vory nervous and little business Is being done.

Undor a well directed plan, it would

(nt "Y" Bath, 6.80, p.m.) Tuesday, August 8.

be possible to ascertain exactly what Civil Servants B.C. v. Y.M.C.A. "A"

wealth should be conserved, and what should be utilized and consumed.

It is logically certain, that any plan which destroys wealth, and suppresses the production of wealth, enn never crente n a real prosperity.

(To-morrow's

article,

icle, probably the

Postponed Game

(at C.S.B.C. 6 p.m.)

(nt C.S.B.C., 6.30 p.m.) Thursday, August 19. Chung Sing B.S. v. University

(at "Y" Bath, 6 p.m.) Servants B.C. v. S. Chinn "B" (at "Y" Bath, 0.30 p.m.) Monday, August 14.

most interesting of the series, is fu- Civil turistin. Te envisages the passing of a series of World Conferences, aft seeking to patch up the present spa- tens and failing, and deals with the speech of delegate of one of the Civil Servants B.C. v. University great Powers at the Tenth Economic

(at S. China, \û p.m.) Conference," advocating a complete S. China "A" v. University

reakaway from current ideas.)

(at 9. China, 0.30 p.m.)

་

DAY BY DAY NEWS IN BRIEF EVERYBODY CAN MASTER A GRIEF Serious injuries were suffered by HAS ITShake-Look Luk, a cargo coolle, as the re- sult of a fall yesterday into the No. 4 Hold of the s.s. Kaiping at Kowloon Docks,

In London, silver prices advanced BUT slightly, on Indian and speculative | apeare. buying, with the Continent sollers. After the official fixing, the market ruled quietly steady. The Now York allvor price romained changed at 87 conta.

un-

The rapid depreciation of the American dollar in terms of ster ling is causing much interest. Heavy speculation is undoubtedly responsiblo, and the Shanghai market is reported to be heavily overbought in. U.S. dollars._

HE THAT

One case of small-pox and two cases of meningitis were reported to the local health authorities during the week-end.

Fan Sau-hing, a woman' operative

Prince Edward Road, was admitted

TUESDAY, JUNE 13, 1933.

SHARE PRICES

TO-DAY'S QUOTATIONS The following is the list of local share quotations issued to-day:

Banks,

H'kong Banks, $1740 n. H'kong Banks, London, £129 n. Chartered Bank, £14% n. Mercantile Bank, A.

A B.

£241⁄2 p. Mercantile Bank C., 40% n. East Asia, $08 n. Am: 0. Finance Corp., Sh. $20 a. China O. Fin. Ord., Sh.$5.40 n. China O. Fin. Pref. Sh.$5.00

~Insurances,

Canton Ins., $295 b. Union Ins., $525 a. China Underwriters, $2.40 n. China Fire, 8596 n.

H.K. Fire Ins,, $270 n. International Assce, Sh. $4.75 n.

Shipping.

Douglas, $324 b.

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

Mining.

Bengucts, $38 n.

Kailans, 32/6 n.

.

Langkats (Single); sh, $16 n. S'hai Explorations, Sh. $21⁄2 n. S'hai Loans, Sh. $5 n. Raubs, $10 8.

Venz: Goldfields, $41⁄2 n. Benguet Exp., 31 cts. n.

Docks, etc.

H.K. Wharves, $128 n. H.K. Docks, $16 b.

S. China. Motors A., $10 n. S. China Motors B., $8 n. Providents (old), $3.90 b. Providents (new), $1% 80. Hongkowa, Sh, $384 n. New Engineerings, Sh.$8 n.

Shanghai Docks, Sh. $148.

Lands, Hotels, etc.

H. & S. Hotela, $7.05 n.. H.K. Lands, $784 8.

.. S'hai Lands, Sh. $33% n.

Metropolitan Landa, Sh. $14. n. Humphreys, $18% b.

H.K. Realties, $8 n.

Asia Realtics "A" Sh. $140 n. Asia Realties "B" Sh. $20 n. Chinese Estates 897 m. China Realtica, Sh. $14 n. China Debentures Sh.4187 n.

Cotton Mills.

·

Ewo Cottons Sh. $14.75 n, S'hal Cottons, Sh, $109.n. Zoong Sings, Sh.$14 n. Wing On Textiles (S) $95 n.. Public UtŴitles.

R.

n.

Tramways, $21% sa. Peak Trams, (old), $15 Peak Trams, (new), $7% n.. Star Ferries, $92% n. Yaumati Ferries (old), 28% 'n. China Lights (old), $13.40 n. China Lights, (new), $12 H.K. Electrics, $73 an. Macao Electrica, $38 n. Sandakan Lights, $10 n. Telephones (old), 829% 5. China Busca, 3h, $114 n.. Singapore Tractions, 17- n. Singapore Prof., 19/-n.

Industrials.

Malabon Sugars $15 n. Cald: Macg. (old); Sh. $20 n. Cald: Macg. (Prof.), Sh. $16 Canton Ices, $6 n.

Cements (Com.), 87.60 b. Cements (old), $0.40 n.. Coments (new), $1 H.K. Ropes, $9 n.

Stores, etc.

n.

Dairy Farms, $271⁄2 b. Watsons, $10 n. Der A Wings, $1 n. Lane Crawforde, $4.90 s. Mackintosha, $21 n.

Sinceres, $14 n.

Wm. Powells, $2.10 n.

Wing On (H. K.), $190 n.

Miscellaneous.

Amusements, $121⁄2 n. H.K. Entertainments, $12% n. S.C. Enterprises, $3 n. United Theatres, Sh. $3 m, Macao "Greyhounds,” $10 n. Constructions (old), 84 n. Constructions (new), 81 në B. Ind, Gs Bonda, 70% n.

H.K. Govt. Loans, 8% Prem. Wallace Harpers, 39 n.

WAR DEBT CRISIS

RECALCITRANT, ELEMENT

n.

Washington, June 12. Democratic loadors of Congress, after a conference with President Roosevelt, confidently assured him that Congress would be adjourned alther to-night or ` to-morrow, it was learned late to-day,

A President Roosevelt had in-

at tho Liberty Battery Factory,timated that he would give his de- received from the Export Manager, day with a crushed forcinger which of partial payment of Great Bri- The following telegram has been to the Kwong Wah Hospital yester-cision with respect to the acceptance Studebaker Corporation, in connection was caught in a pressing machine. tain's War dobt instalment, after with the Indianapolia 600 Mile Race.

the adjournmant. At the Con Studebaker scores again in Indiana-

feronco to-day, the Democrat polls 600 Mile Race atop 8 entries Chak-wong, ziding pillion on a push lenders told him that should his many of them coatly hand built bicycle in Onstle Paak Road yesterday decision in connexion with the racing cars 48 qualified to start only received severe injuries when with tho. Juno instalment favour a partial 14 finished seven of them Studebaker driver, he was knocked off the ma Powered stop fire were 86% stock chine in a collision with a private car. payment only, his stand would be Studebakers entered by Bludebaker The mishap occurred near Un Long, greeted with a wholesale outburst her husband, a woman living at Hung-everyone of Ave went through entire the injured man being conveyed to of condemnation from the anti- hom, collapsed and died yesterday. race without single repair. Frank Hospital at Kowloon.

cancellation wing-Reuter Special;

While being taken to Hospital by

RADIO BROADCAST

RELAY FROM KO SHING THEATRE

From Z. B. W., on wave length di 355 motros (84.5 k/c.).

6-8 p.m. European Programme. Play that Hot Guitar.

6.6.20 pm. Dance Tunes.

Deep Sen Low Down..

Bernie Cummings and his Orch.

Listen to the German Band. Twentieth Century Blues.

24033.

Now Mayfair Novelty Orch, 24000, The Night When Love Was Born. If You Were Only Mino.

Leo Reismann and His Orch. 24047. 0.20-6.38 pm. Operatic. Trovatoro Selections (Verdi).

Creator's Band. 35778, Pagliacel Selections (Leoncavallo.)

Creatore's Band. 85791. 0.38-7.20 pm. A Concert.. Orchestral-In A Persian Market

(Ketelboy).

Orchestral-In A Chineso Templa

Garden (Ketalboy). International Concert Orch, 85777. Plano Solo-Fairy Tale (Medtner). Piano

(Proof Surgeation Diaboliqua

Benno Molseivitch. 1440. Song-Das Vellchen (Mozart). Song-Longing For Spring (Mozart).

Sigrid Onegin (Contralto), 1650. 'Cello Selo Mazurka. (Popper). 'Cello SoloMusette (Bach-Pollain).

Con 240 Casale. 1349.

Sting

Back To Mo. Lawrence Tibbett (Bar.). 1500. Violin Solo-Caprice in E Flat Major

(Wieniawski-Kreisler). Violin

(Racha Elman. 1804. |

7.20-8 p.m.

Variety.

Vocal Gems-Countess Maritza.

Victor Light Opera Co. 35800, Vocal Novelty-Temperanco is

Coming

Arthur Fields and Fred Hall, 6367. Tango-Bonita.

Havana Novelty Orchestra, 22083. Song The Poor Apache.

Maurice Chevalier. 24003, Orchestral Just Once For All Time. Noble and his Now Mayfair Orch. 22004. Song-an't It Romantle,

Jeannette Macdonald. 21007. Vocal Gems-The Desert Song.

Victor Light Opora Co. 36809. Rumba Adios.

Havana Novelty Orchestra. 22063,

Song-Mimi rico Chevailer. 24063.

Orchestral Live Laugh and Love,

Noble and His Now Mayfair Orchestra. 22004. Song-Love Me Tonight.

Jeannette MacDonald, 24067.

8 p.m. Local Time and Weather Report etc.

8.3-11.30 p.m. Relay from the Ko Shing Theatre.

10.30 p.m. Rugby Press News. 11.30 p.m. Close Down.

(All records in the above European Progranimes are kindly supplied by Messrs. Teang Fook Plans Company).

FINE RECORD

ST. JOHN AMBULANCE WORK APPRECIATED

In acknowledging the receipt of the annual report of the Hong- kong District of the St. John Ambulance Brigade, for the year onded December 1932, the Chief Commissioner of the Brigade Overseas Headquarters, London знув:

The record of service of the Hongkong District during the past few years has been an Inspiring one, and this year's report once. again records outstanding calls for service made on the members of the Brigade...

It is a matter for much satis- faction that the members respond- ed so well to all demands and worthily upheld the traditions of the Brigade.

Acknowledgment of Donations.

The Hon. Treasurer of the St. John, Ambulance New Territory Modical Benevolent Branch, begs to acknowledge with grateful thanks and appreciation the receipt of the following donations. towards the Brigade's New Torri- tory work:

ANNOUNCING

THE

W

SHOE

at $19.50 Per Pair. We have just unpacked a further consignment of the "W" Shoo.

Cllents who purchased before have testified as to their remarkable wearing qualities besides retaining their Shape.

་

A large stock of Brown and Black Leathers in all sizes and fittings are now on show. Price $19.50. Less 10% Discount for Cash,

Real Zug Leather with Uskide & Leather Soles. FOR GOLF-PRICE $23.50—FOR WET DAYS. Sole Agents:

WM. POWELL, LTD.

THE GENTLEMEN'S HOUSE.

9. Queen's Road Central-Ice House Street Corner.

ARTS

CRAFTS

INTERIOR DECORATORS

Sketches and Estimates Submitted free of charge

for

of

interior decorations private residences

and public buildings

ARTS & CRAFTS

Lady Clara- Ho Tung

$300

Mrs. Fung Kl-chouk

30. BAYER

Mr. D. C. Howland

G

Mrs. Au Wal-fong (Kam Tin) Mrs. Li (Tein Wan)

5

1ood & Skin

Diseases

Remember that pure blood not only. "keepk'kway"dliesse, but le Natúrsá remedy-lis fact, the blood. In the stream of life. In the treatment of Blood and Skin Complainte Clarke's Blood Mixture is unexcalled, in expale the poisons and saisto

•Œf all Charles med Bourns. Besenlly good a LIQUID 20 TABLET form

CLARKES

BLOOD MIXTURE

4A, DES VOEUX ROAD.

Telephone 24173.

When

overheated

you rested in light clothing! A cold will often follow. At the first signs, such

as headache

etc. take immediate-

ly the reliable and

well tolerated

Bayer's ASPIRIN

ASPIRIN

tablets in the original packing with the "Bayer Cross".

If it's Bayer it is good!

Jimmy's

D'Agullar Hireet,