1933-07-13 — Page 18

WHY pay exorbitant prices for a pretty bottle when we can sell you the same article in a plain bottle at half the price of other Lime Juice Cordials?

WATSON'S

LIME JUICE CORDIAL

MANUFACTURED IN OUR OWN FAC- TORY FROM THE FINEST WEST INDIA LIMES AND PURE CANE SUGAR.

$1.00 Per Bottle.

NEW

VICTOR RECORDS

NOW ON SALE

INCLUDING

“TELL ME TO-NIGHT”

Sung by RICHARD CROOKS.

(Ask for Record No. 1619).

S. MOUTRIE & CO., LTD.

York. Building.

Chater Road.

Tel. 20527.

"STUDY YOUR STUDS"

SQUARE BACKS

....some new designs.

Something "new in Stud design

-

a square back instead of that old round' pattern.

and.

They are not so easily mislaid they save a man's time and prolong his patience.

1.4

Made in SOLID GOLD and in one piece too. they are practically unbreakable.

Are supplied in Sets of 2, 3, 4 or 5 Studs.

---And Idest Gift for a Man--

Essential Jewellery for Gentlemen. LANE, CRAWFORD, LTD.

Jewellery Dept

THE HONGKONG TELEGRAPH. THURSDAY, JULY 13, 1933.

"A PURE UNDILUTED

JOY-

"The Vauxhall Cader is a powerful, roomy and com fortable car and it possesses two obvious advantages. One, a silent second, must appeal

alike to expert and novice. The other the Synchro-Mech gear changing is to novices, like myself, ä pure undiluted joy," So writes this Synchro-Mesh enthusiast. Try it for yourself—you cannot make a bad "change!" Smooth acceleration, decisive braking, steering that is effort. less and ample power all these you will find in the Vauxhall Cadet.

You will use less petrol than you'd expect. Modern lines, riding comfort, luxurious coachwork, tasteful colour schemes, headlights and radiator flutes In gleaming chromium, mark the Cadet us being a distinctly different car.' Prices from £295. Arrange for a trial

fun.

VAUXHALL CADET

THE CAR WITH THE SILKY PERFORMANCE

HONGKONG HOTEL GARAGE. (SHOWROOM) Stubba Road. Phone 27778-9.

The

NOTES OF THE DAY PLANNED ECONOMY AND The Very Idea!

PLANNED PRICE LEVELS

Banking Privilege is To-day the Subject of Attack from All Quarters in Discussions on the World's Econo-

mic Problems, Below is the second instalment of the other side of the question, as outlined by Mr. Benjamin M. Anderson, the Economist of the Chase National Bank. He subjects President Roosevelt's programme

to critical examination.

WE RESIGN By Eddie Kelly, Tired.

DAY in and day out, week

after week, month after month, not a word of sympathy, not even a ring on the phone to come and have one.

While nothing offimportance has transpired `regarding the inton- tions of the Government, It la in- teresting to learn, that the, Cur- rency Commission Report is not, as wo were boginning to fear, lost In a cob-wobbed pigeon-hole, The rather revolutionary proposals made and the local views thereon are still the subject of close study | by the Colonial Office and no im mediate decision is to be expected.

I am not wholly hostile to somo matters. They will do harm, but they The long delay would; however, measure of. co-operation

under won't be fatal. Beem to indicate that the powers- Government auspices; looking toward the restriction of output in certain that-be are disposed to accept the

raw material lines, particularly recommendations of Mr. W. II. where wasting natural resources are Clegg and his colleagues and that'

involved. Wo probably need it in the

In the present state of world fear other members of the staff and the problem has been to meet the extraction of crude petroleum from and apprehension, reciprocal tarifa few outsiders. So you can the ground. Here supply is littlo reduction seems to be about the only submissions of the bank interests. influenced by price, but rather is way that the matter is politically for expect what's following.

of now sible. I believe that it is perfectly No one can excuse this column

NO 3.

We're sick of it. To-day LOWER TARIFFS AND GOLD we're going on strike and STANDARD ESSENTIAL leave you to the mercy of the

But the Colonial Ofice can scarce-governed by the dy which | feasible and desirable, from the stand-of being ahead of the time, so, as

tariffe

folds, and by the ly lose sight of the Reports most striking sentence: It is funda-ify producer faces of pumping oll point of economics, for us to lower our we can do with a holiday, we have

neighbour is pumping, in

gold standard, mentally wrong that the exchange to protect his own all from being whether other countries along with invited any number of people to

write it for us. drained

Natural gas may us or not, and that we should speedily away: Colony's currency present

a similar

Here is the film criticism section case. Lumber find ourselves, with a rapidly growing should depend on one person and possibly does. And the long sick trade, with our currency held in high written by our film critic:

and no less wrong that that person bituminous coal fields may well justify oatcem throughout the

value of

And

•

ahould be put in a position whore careful study and conscious public with our position, both column is the most graphic, soul-

he may constantly have to decide between the conflicting interests of the Colony and the bank. ›

SILVER RECOVERY

*

of

This portion of "The Very Idea"

coroful planning. But I know no case

absolutely enormously manufacturing, renting ld Be wilting We should get a greatly increased sharing readers.

country that did it. industrice where I should bo

the

•

•

to see trade associations get together proportion of world trade, export and modern thrill-crazed readers. Ed- with the Sherman Law walved, to import, we should greatly strengthen ward Kelly has been noted for his should regard that as to output 1 hou own internal economy, and we contribution will lay or even lo as a whole.contribution staggor even Kelly a mansuro tend- should stimulate the ing to incrense, rather than to Other countries, moreover, would himself with the ultramagnificence diminish, the unbalance between raw follow our.example.

of ila sweep, the breath-taking New York evidently has greater material production and manufactur-

The view has been

been expressed that; splendour of its heaven-inspired confidence in Senator Key Pitt-ing, and I should regard it as an anti-if the London Conference fails and we story. See to-day'e Eddie Kelly

turn to the plan

of controlled economy column and die. man's ability to bring his silver revival measure."

in the United States, we must then rehabilitation efforts to a triumph. CONFLICTS AND COMPROMISES. Taise our tariffs in order to protect the ant conclusion than is to be noted

We had some difficulty in getting rising costs which this would involve. Veritas" to contribute, owing to a 1 have Indicated that economic This seems to me to be particularly little misunderstanding about five in London. Active trading has planning cannot be done on strict erroneous. I think that, in carried the price up to 39 cents in economic lines. It inevitably involves we should all the more need lower bucks we borrowed from him last

political compromises and the conflict tariffs to

ors weck. But we finally smoothed-the New York, while cautious London of political purposes which will make against excessive price increases by matter over by borrowing another

protect our consumers moves in small fractions of the

plan

an economie disharmony. trade associations, free from the five bucks. We had to let him off penny. Nevertheless, the outlook There will be confilets among different operation of the Sherman Law, and writing for the column, though. for better silver prices seems

trades, steel wanting higher prices, to protect the trade associations Our next contributor was

railroads wanting lower steel rail themselves from the atrangling effect prices. There will be conflicts be- of one another's activities upon their newspaper reporter who was pass tween labour and capital. Thero markets.

bright and a higher Hongkong dollar Is to be expected, America's 'difficulty hitherto has

Thongkong Eelegraph.chiefly been in arranging for a

THURSDAY, JULY 13, 1988.

round-table discussion on the ailver question. With all the countries that matter represented at the London Conference, the biggest obstacle to arrangements for control has been removed. There may be interests who cavil at artificial measures for raising the price of the white metal, but the ordinary man's view is this:

"I come to Hongkong," he wrote. "It is all right. I meet Edward Kelly. He is all right. Wo have a drink, and Edward Kelly he speak to a girl. The girl she say "You cad!" Mr. Kelly, he look all of a doo-dah and he say "Hic!" I ask Ed- ward Kelly if this is all right for his page and he say "N.B.G." I do not know what he mean. Good-bye. It is time for *TLY blubber."

申

tures of the world's present) If silver is to be treated as a com-scale, and extend the application very trial activity bit by bloed people write this column to-day,

*

•

PETROL PRICES

ise their absurdity and remove effect in the comparisons recently mand superhuman economic system is than an economic synthesis, rather

to

deal

neu

the

J

*

*

"Nboona, nboona," he wrote, grgg, grgg, hulla hulla, ngpangi, ngpanzi yak ck ck, croompaoroompabmbm." (Lauph here)

STOP PRESS. Just before we went to press. this came from Alice, and BO hokum:

Dear Eddie. I consider that nine-tenths of the value of the Telegraph is, to an in- telligent reader, concentrated in your column. Dare you bring this to the notice of the Editor.

Of course, I have made a mistake in my opening sON- tence the editor can get out of it by saying that the Telo- graph has only one Intelligent reader (that's me) and that the. rest of the staff write for the general public.

ing through from Alaska!, will be political

olitical, manoeuvres and I have In mind here a remark made pressures. Congressmen and Sen-to mo sa

saveral years ago by a British ators, und

under bombardment from their economist, that England didn't need to constituents, will be spending an ever have a Sherman Law because she had increasing amount of energy in putt-free trade, but that, in the absence of ing ro

political ordinator to favour this or that or the to have one.

pressure upon the co-free trade, she of course would have other special interest-and the Con-

PLANNED ECONOMY VERSUS gressmen and Senators are sufficiently overburdened with private affairs at PLANNED PRICE LEVEL. ANOTHER CHECK

the present time not to welcome nuch more of this icind of thing. Let us There is another line of thought and hope that the Administration will use body of proposals, in many ways What should logically be one

these vast now powers with the different from that which I have just greatest caution, in the most tentative been describing, which would not ecek of the most encouraging fea-

manner, try them out on a very small to regulate prices, wages and indus-

but which When we decided to let other gradually. A sudden awcoplag ap

foela that enough economic and monetary difficul-modity, what good reason can be plication could create a fearful chaos, by currency and credit manipulations, we felt it would add interest to use ties is the obvious fact that all advanced for treating It as the

wo control the general average of of the chief problems are in the Illy-white lamb that must not be OVERBURDENING WASHINGTON. commodity prices, leaving general as widely differing types of people industrial decisions to individual as possible. Therefore we end by touched? What is good for rub- Let us bear in mind, too, the limita- enterprises. There are some minds presenting a little contribution from highest degree irrational. They ter, sugar, tin and wheat, is aare-tions upon nervous and physical capable of trying to combine price-a friend of ours in South Africa.

energica in Washington, and let us fixing and Industrial regimentation need only to be stated to dis-ly good for silver.

have in mind that we must not put an with the notion of cur

nd credit currency and close their inherent absurdity,,

unbearable burden upon the ultimate manipulation designed to make all co-ordinator, the President of the prices rise, but I do not know any and the more they are stated and

United States, whose great abilities clear economic theorist who would do and high courage we recognize, and 80, examined, the more likely should.,

I It would be Idle_to_speculate at whose-immense-social-energies we general notions are economically-con-

60, and

should say that the two it be for mankind to recogn-upon the appearance of cause and marvel, but of whom we must not detradictory, and that a

a scheme which things.

combines them is a Fortunately, our them. Unfortunately, national made public concerning petrol not

closely

fitted mechanism, but, It is very important that we should interests still hold sway. Amer prices in Hongkong and Shanghai, rather, a very loosely articulated and recognize that the vast powers which ica seems to be making progress and the announcement yesterday exible organs closely dovetnil- our Congress is giving the President, ed mechanlam would break down in legislation adopted or pending, de, in defeating the depression. AL that local prices had been dras short order if called upon to carry out in fact, represent political compromise tically cut. The motorist la con- all the conflicting purposes and if rather than consistent economic plan- though such progress must be tent to accept the reduction with subject to a

to all the conflicting control ning, and that the purely illusory unless other

which the different exercise of all these powers GO expression of satisfaction.schools of economic theory and the us into hopeless chaos. We must countries show similar powers of The primary cause, doubtless, is different political forces are simultan distinguish between the political restoration, she seems prepared the sharp rise in the value of the cously applying to it. But a loose and legislation and the Administrative

flexible organism can stand a great economie programma under of deal of abuse and can to block any attempt to secure Hongkong dollar in terms

can respond to apowers, if we are to see clearly or to international co-operation if it American dollars: Hero again, great many contradictory purposes, hope for any good outcome. The If our Administration can succeed in President does not need to do all the appears, at first sight, to be re- perhaps it would be unwise

its main objectives at the London Con. things that he has authority to do, strictive of America's methods. examine the matter too closely. ference, we can stand a good deal of and there is every reason for bellev Yet there never was a time when The motorist might begin asking experimentation, and even a good ing that he intends to do only thoat

| many unsound-policica 'in domestic (Continued on Next Columns.) natural forces operated to com- pel nations to be neighbourly as strongly as they do now. World- wide communication is an ac Australia and England meet- to- complished fact. Distances day in the European Zone final of have shrunk.

the Davis Cup. The winners will The increasing meet America for the right to complications of finance and challenge Franco. No other in- trado have made all countries ternational sporting contest can inter-dependent. We have deye-boast of such a rapid advance in popularity as the Davis Cup. Most loped the art of production to countries send representatives an- the point where poverty need nonually to participate in it, and the remainder join the common interest longer exist. We can make more through the game and good spirit of everything than wo can pqasi-which it encourages, National bly need. The masses of man- feeling in the winning and losing kind can enjoy more luxuries of Davis Cup matches is not, of course entirely dormant; but bo- than the wealthy could have a hind everything, in most instances, few generations ago.

Yet, is a spirit of sympathetic Interest in the defeated and good sportman- poverty is increasing and we ship in success. There will be no suffer from a shortage of near- "hard feelings" at the end of the ly everything; and strangely en. Anglo-Austrailan tie. ough poverty has increased most rapidly in those nations whose ability to produce wealth has

India's campaign of civil digo- beon most augmented. Worldbedience in virtually over. Gandhi trade to-day ought to thrive as

and most of his Congress collon- gues are in agreement on this never before. The facilitics for vital issue, and are prepared to it were never so great; the need replace nogation by a constructive of the various nations for the programme. This is a highly croditable attitude and, if Con- thinge produced by their neigh-gross ideas and claims are in any bours was never so great. These way harmonious with the policy problems, when examined care of the British Government, the fully, simply don't make sense. co-operation proffered will meet with a cordial ·response. It is Is it too much to expect that we only in this spirit that India can shall presently find all countries roaling her aspirations and Eng- moving with heathland necert the responsibility for "entering Taryngitis beyCÉDURA

of Dominion status. ·

nga

for more!

(.

THE DAVIS CUP

*

INDIA'S OPPORTUNITY

So after all you better keep this out of the sight of the Editor. All the name, you will be pleased to know that there is one person in Hongkong who admires your efforts to bring a little sunshine into our grey lives.

Yours in Affectionate

Admiration.

•

We felt a trifle mental when this. canie along to oase our faded soul and clear our jaundiced eye, Our chess has gone to pat. We are ho good at halma. We feel all wrigg- ly liko's n schoolgirl. We don't know who Allee fs, but well ona never knows does one, and when one 'docs, one's never suro is one? We shall be wearing a pink carnation at the Hongkong Hotel cornor pt. sevon p.m. to-morrow morn when the clocks' are striking ninc.

Pass along please, pass along!

things which ho bolloves himself Indicated very clearly, in connection with the agricultural legislation, that he regards it as experimental, Intenda to apply it experimentally, and, Bir It it. promptly. This experimental

does not work woll, to acknotGG:

in good, within limits. The dangOT comes if there are so many experi

that they broed uncertainties, mente and if businden men's must be con“,

stantly altering theihy plans, as the news from Washington varlos from: day to day.

GREATER VOLUME AND MORE:

“EMPLOYMENT.

Thord are those who believe thätim

(Continued on