1933-11-02 — Page 18

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THE HONGKONG TELEGRAPH. THURSDAY, NOVEMBER 2, 1933.

USED CARS

The following aro available. Inspection and trial Invited.

MORRIS OXFORD TOURER Good running order $450 CHRYSLER TOURER

(Sold) CHRYSLER ROADSTER

(Sold) HUDSON TOURER

Perfect order ERSKINE SEDAN·

Excellent condition $1,600 ESSEX TOURER

(Sold)

$650 STUDEBAKER TOURER

(Sold)

$1,650

$550

$1,750

$1,500

NOTES OF THE DAY

COUPON-TRADING

$

the

FUTURE OF BRITAIN. AND INDIA

VITAL BOND OF INTERDEPENDENCE

By H. J. MOTHERSILL

|

The Very Idea!

BIRTH OF A NOTION SCENE: The Amalgamated Arts Film Corporation's studios at: Tooling.

THE BIG CHIEF: Now, Mr. Pum- pledinck, this is to be a picture alfout a Duke. Soven thou- Band feet, and you can the cabaret Bot wo "Sinful Women."

have

used in

PUMPLEDINOK (lately imported from Hollywood on a £5,000 per picture contract, plus free lunches during production)! O.K., chief! Any special plot? THE BIG CHIEF: No, the usual one

Who yn get for the shop girl? MR. FUMPLEDINCK: O.K., chief!

or Miss Mayfair Miss THE BIG CHIEF:: You can have

Shapeleigh.

About the Duke. You know.

The decision of the Tobacco Trado Association to cease cou- pon-trading is likely to be followed by manufacturers of other popular commodities in England. The issues raised were fully discussed hit the recent conference of the National Chamber of Traile when the Board took a strong stand in opposition to gift coupon and trad Ing stamp schemes, which tend TT is now nearly three hundred the foot of the gateway to the

and thirty-three years since the East, and the East and South MIL to impair seriously the highest standards of retail distribution." Eust India Company was in-consts of Africa, vast territories Manufacturers operating

for the development of trade both schemes were asked to bring them corporated to exploit the trade where great future possibilities lis

Originally formed mainly to for Grent Britain and India. to an end in the interests of fair with India and the Far East."

And yet in discussions on the play between producer, distribu» tor, and consumer, and it was compoto with the Dutch, it soon intimated that failure to comply came into contact with commercial past and future Government of might lead to recommendations to rivals of other nationalities, and India, Ministers, politicians, Civil the President of the Board of consequently there was from 1609 Servants and administrators, and Trade. Now tobacco has taken a great increase in the building of some newspapers which ought to the lead, the soap experts and the ships In England, and the con- understand the position better, reat may be expected to follow struction of the famous "Enat seem to be quite obvious to the Indiamen," which became the fact that without commerce their suit.

Anest fleet of vessels in the world. services would be no longer need- Throughout the Seventeenth Cen- ed, and many would be forced tury they had to fight not only either to join those on the "dole," MR. PUMPLEDINCK: I'll use both. AUSTRIA LOOKS UP

A volume on "The Financial and Mainy pirates but the armed trad- thus still further helping to in-1 Economic Position of Austria hasing vessela of Portuguese, Dutch crease the income-tax, or, more been published as one of the re- and French competitors. Even tragle still, what are known as.

The report is the Indian Ocean, the necessity Overacna Trade. the work of Mr. E. C. Donaldson for which has been recognised, Rawlins, Commercial Counsellor until within the last few yeara, in Vienna. As the collapse of the by all statesmen responsible for the maintenance of the Empire. Credit-Anstalt in May; 1931, was the beginning of the climax of Treatles were arranged and trad- world-wide insolvency reached in ing posts, called factories, were hat year, it is a cheerful thing to catablished by the Company; and learn from the evidence here given after foreign rivala and native that signs of recovery are now powers, Mohammedan, Sikh, and cropping up. Currency restric- Mahratta, &c., had been overcome, tions have been removed. Schill-peace for successful trading was ing credits due to foreign sellers finally speured for India. are now allowed to be used for the purchase of Austrian exports. Import prohibitions and the Im port licence control have been re- laxed, Governmental finance is more hopeful, and trade is slowly

HONGKONG HOTEL ||gular series of the Department of tually they took the command of "the black-coated unemployed."

GARAGE (Show Room} STUBBS ROAD Tel. 27778-9.

The

Hongkong Telegraph.

THURSDAY, NOVEMBER 2, 1933.

Richards

news

FRANCE'S FINANCES

*

But, since such a large propor- tion of those mentioned above look upon commerce as of quite eccond- ary or of Bitte importance let us briefly illustrate what the trade and financial relations between each country really mean to both India and Great Britain,

Miss Shapeleigh for the lin- jerce sequences, and Miss May- fair ns-the heart interest.

THE BIG CHEF: Very well. See that the characterisation is true to life. Let them be ordinary, decent English people.

thought): Oh, say, can I use MR. PUMPLEDINCK (as in after. the bathroom set out a "Vile Men"?

THE BIG CHIEF: Certainly. But no

goat's milk, mind.

*

The same scene, a few days later.

From the years 1929 to 1082 the average yearly imports Into the United Kingdom from India totall ed £46,929,000; and the exports from the United Kingdom into

torturing drama of English life, It was in the beginning of the India for the same period averaged The Anal sequences of that heart-

the £51,137,400. Both in imports and Eighteenth Century that British administration of India exports there was a big failing off "Society Sinners," are, being shot, correctly, Mr. Giles Delmont, also in began, and it was carried on under in 1932 from 1929, duo largely to THE DUKE OF BELGRAVIA (or, noże of the West End stage); the control of the Company's dl-world depression and the low price rectors until after the Mutiny in of commodities; and

Indin by the

Mahry, mai deah, Ai want yer 1858, when the Administration British exports to

'ler be mal waife. was transferred to the Crown for high tariffs agninat textiles and the better Government of India." disastrous Japanese competition. Thus under the British Raj this But of the total exports of com- cent, were exported to the United Kingdom, great continent became an entity modities from India, about 28 per

If we turn now to the shipping

Mayfair, also of the West End stage): But, yer Grease, Al MARY (in other words, Miss Sylvia

em onlay-

Does it metter? Ai larve yer, Mahry. Cen't yer see Ai ferve. yer?

muh, Mahry.

Ma. PUMPLEDINCK: O.K., folks

Cutl Now we gotta run through that cabaret scene again, and I want ya to git moro Engilah atmosphero in- to it this time. Georgo! Have then Hot-Time dancing goils

WAR DEBT OUTLOOK | reviving.

The British war debt negotin- WILL HE? tions in Washington appear to } have made progress. There is

Bismarck, it is pointed out in no hint, yet of the stage reached, The Observer, was wont to speak

secrets for the first time. and the official communique of England's addiction to horse-

one of the

Now, in this very brief retro- Issued yesterday declares that racing as

of her political stability. It will nothing has been finally settled; afforded every play in the next spect lie the problems facing the but it is impossible to overlook day or the now that the chance of British Empire to-day, of which interests we find that the number THE D. OF B.: Al knoo, Ai Knoo!

was 2,270, re- breaking India is the greatest asset. This of British ships entering Indian the significance of the confer- Gordon

was initiated by gistering a tonnage of 6,433,354; ence at the White House. Only Archer's record has been fairly Empire, starting with merchant ports in 1929-30

But thet other wuman--- two interpretations can be posed as a populár issue.. Even adventurers, placed upon

the visit of Sir bishops will be able to scan the commerce, built up by commerce; and in 1931-32 1,869 vessels with MARY (wistful, but still refined} : without raising the Government and its adminis- a tonnage of 5,590,550. The Bri- Ronald Lindsay

Sirf racing and

the suspicion of having an Invest-trators, the Army, the Navy and tish Indian ships numbered 237

of 84,726 and 81,493; mai laifo, Mahry. Civil Service were formed, per- and 195 respectively, registering a THB D. OF B.: She hes noo paht in. Frederick Leith-Ross. Either a

fected, and kept up to a high tonnage basis for an agreement has been ment with Duggie.

standard of efficiency to maintain whilst the Intorportal shipping

culive): If Al cud anhng submitted to the President for

and so assist in increasing com-trade amounted in cargoes to MARY (almost inarticulate with

b'lieve thet. his consideration, or a dead end has been reached by the negotia- M. Sarrant will meet the Cham-merce, the flag following the trade 20,659,402 tops entered; 20,576,105 As regards the railways there tors and the President's in-per to-morrow, with the situation in the formation and development tons cleared. tervention had as its objective complicated somewhat by the of the Empire. If, therefore, that the discovery of a new avenue American gold policy developments. commerce is allowed to decay and were in 1924-25 38,270 miles, and THE D. or B.: Yer must b'llove

Ông): But Ai, ai em onlay for approach to agreement. No- A statement regarding the future India, the keystone of the Empire, in 1931-32 42,281 miles; thus over

poah shop-gel, end she- thing is certain although several of the frane will be expected and is lost for our trade, so surely will 4,000 miles of new lines were MARX (choking with good breed- points are already clear. Quite it is impossible to say on what side the Empire decline even as in the added to the Indian Railway sys of the fence he will come down. past every nation which has lost tem during the eight financial

Ai shell nevah let yer goo, nevah! as important to the White His Finance Minister, M. Bonnet its trade routes has decayed. For years ended March, 1932, and House as the amount of the has declared again and again that one has only to take an atlas and capital expenditure on State-own-THE D. or B.: Ai lerve yer, Mahry. aettlement is the manner in the value of the franc must be look at the map of the world to ed lines (excluding purchase of

MARY: Nevah?. which it will be couched. The maintained; but there is quite an see that India is the hub of our lines) amounted to £100,000,000.

In finance the Indian sterling settlement has to be made pre-active group among the younger Empire in the Eastern Hemi-

On the East and Soath-Enst lie loans quoted in London amount sentable to Congress. In Ameri- Radicals who hold that there is sphere. can parlance, a good deal of something more important than

into account. the many "gunning", for the President is maintaining the value of the franc, Burma, Malaya-with the great approximately to £295,500,000 of prophesied in January. Like and that is stimulating the revival entrepot port of Singapore-Hong- British capital; and those do not

of trade. Some of these young kong, Australia and New Zealand; take Bome business men, legislators Radicals even argue that a certain though to be strictly accurate New millions of rupee loans in which

On the is invested. half regret that, in a moment and momentary degree of inflation Zenlund comes just within the a large amount of British capital Leaving finance for the moment, of desperation, they handed over might be salutary by Inspiring Western Hemisphere. to the Chief Executive such a just sufficient dietrust in the South lies the Island of Ceylon largesse of dictatorial authority stability of the currency to liquidate with Colombo, which is the port there are dwelling in various parts as is contained in the various some of the phenomenal hoarding of call for the steamship lines be of the Empire somo two to three SCENE: Outside the Superlative these Dominions, Crown ponce and security under the pro- etc., etc., drama of English life, Recovery Acts. How they will which is at present killing the tween Great Britain, Europa, and millions of Indians in positions of Cinema, where that heart-torturing, as tection of British Administration. "Society Sinners," is on show some

months later. behave depends upon the inter-chances of business activity. Others

again argue that balancing the Colonies, and Dependencies, vening circumstances. If the Beti a moment of stringency well as the Dutch East Indies, Amongst them there are many in China and Japan. On the West commerce and professions, and

(Continued on Page 10.). people lapse into their quondam ilke the present is by no means despondency, if the President indispensable, and point out that lies the port of Aden, situated ut loacs his grip on the popular France in the past has often got imagination, the war debt settle along with her Budget unbalanced. ment might easily provide the occasión for the gunning. Several assumptions have been

These heterodox views, or at least made since the British negotin- tora landed. One is that a final some of them, are even believed to be held by certain members of solution, not a temporary ex-

the Government, such as M. de pedient, is being sought. Mr. Monzie, M. Francois Albert, M. Roosevelt is believed to be bent Plorre Cot, and M. Queille. M. upon working for the ultimate Sarraut, however, is inclined to settlement of the whole debt lean to the Right rather than to question" mentioned in his June the Left, and though it is un- invitation to confer. The next certain whether he will plump for assumption is that the capacity deflation the few hints given of to pay formula has been thrown his policy suggest that he will. In overboard. That pathetic effort any case it is probable that he will associate with the Budget to pry into a future that could certain measures for dealing with never have been dreamed, let the economic crisis which may be alone cstimated, was the handi- calculated to preserve his de work of Treasury officials un-mocratic reputation. Thus there der Mr. Mellon. Nowadays the is talk of an ambitious scheme of Treasury is under no illusións public works, to be financed by a that it can

ever be reinvoked. loan which will, of course, in- cidentally increase the national It is true that the British are debt Tharge and prozy upon the engaged in making a pro forma Budget. There is alse talk of explanation of their incapacity drastic reduction of high prices by to pay. But the real formula regulationa; of protection on the British alde seems to small investors, and of proferen- be: This is what we will pay. tlal terms for French Colonial And on the American aide it is: produce,

How can we improve the offer,

DEFLATION -

for

and how can we wrap up the re- portion of them partake of

Br]tish each sult for consideration by Con- interest. The

ure

gross? The only hint as to how reputed to be making an effort have this contribution A final settlement will be dressed to up is that the President feels treated as principal repayments. that the point of attack in the This would then leave another scaling down-process lies on the half to be liquidated, or around interest charges. While Britain two billion dollars, which would

LANE, CRAWFORD, LTD. as, made payments totalling be raised in several instalmonts

about half of the sum originally from American investors and borrowed, by far the greator transferred to Washington.

all

H

"Except for that good looking fellow at the soda fountain

this whole resort is a failure.”

come on,

MRS. HOPKINS (emerging from the stalla ozit): Hit's a fair treat to ace a Henglish picksher after all that Hamerican trash, ain't it?

Mag, HIGGINS: Yus! I likes to lear Henglish spoke proper meself, I do.

SUCCESS

#

Only a few minutes left now, thought the youth. Soon he would accomplish the well-nigh imposel- bic. Great bends of perspiration shono on his forehead, chills pass- ed through him, ne tall, massive monuments of stone crashed by: dangerously close. Many times ho shut his eyes in fear of the conse quences. Many times he wanted to turn back but would not.

Then when he most feared that he could not go through with it, the exit loomed before him not n hundred yarda distant. A vic- torious smile. illumined His face. He had won against overwhelming odds. He had negotiated the Re pulse Bay road for the first time in his new Austin.

Ono case of typhold was reported to the local health authorities 1 Tues- day,

The public are informed that tho. postage on parcela for China has been conaldorably reluced.

Mr. Georgo White, B.Sc., of the Junior Technical School, will deliver n loetura to, the H.K. University Educa tion Society to-morrow at 8 p.m. in tho Union Ambly Hall of the Univer

f