1934-02-26 — Page 6

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THE HONGKONG TELEGRAPIL · · MONDAY, FEBRUARY 26,

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The

Hongkong Telegraph.

MONDAY, FEBRUARY 26, 1934.

THE BANK AND

SILVER

1934.

NOTES OF THE DAY THE PERILS OF FASCISM- The Very Idea!

BUDGET HINTS

Without giving away any secrets, Mr. Nevilla Chamberlain has plain- ly indicated the trend of his new Budget. There are to be no drama- tics and no bids for popularity. The Imperialist section of the Tory Party, kept in check so long by financial stringency, are to be pro- vided with a few plume In the form of Increased votes for the fighting services. If there is any- thing left over after they have had their pick, there may be a chance for the taxpayer.

NO IMAGINATION:

IF YOUTH BUT KNEW

By ROBERT BERNAYS; M.P.

The Fascists affirm that

the

and

UNHAPPY VALLEY. By Eddie "Horsefeathers" Kelly

JUST about this time of the year everyone's thoughts turn to the races.

In fact, every day this week will be race daze.

from.

WAS

we

MERE la a now cry for a die-, there were ten million young mon Iless, in the world to be disciplined." tatorship in Great Britain. wish that those who sponsor it had

A POLICY FOR BRITAIN. seen what I have seen in countries which already possess a dictator- "Work, not the dole," is the cry ship the extinction of freedom of of the British Fascists. So it is

You might think that we speech, the deprivation of the in every party. But what steps right of public meeting, imprison would the Fascists take to provide know very little about horse- ment without trial, and the mal-employment? I know some of the

racing. Nevertheless treatment of opponents with com- methods elsewhere. Hitler has

obtained half & million jobs to are one of the very few plete impunity,

At least in Germany and Italy distribute among his followers by people in Hongkong who it had some excuse. Italy had wholesale dismissal of Jews and have had a really successful The prospect is not inspiring. suffered from a succession of weak the sons and grandsons of Jews,

In Germany the He has conscripted a civilian army career on the turf. It conforms to the stodgy un- Governments.

In 1932 we backed a horse imaginative methods typical of the Parliamentary system had been and paid them a conscript wage, present Government since their brought into ridicule by the fact and then boasted of the decline in for fifty cents each way with. first grand abandonment of the gold that, in spite of repeated elections, the unemployment figures.

no party could obtain a working.

"The end of flabbiness"! "The three runners, and it won at standard. Financial stability has

one on. We im- strong hand in Indiai" shriek the three to been achieved, the trade cycle has majority.

Where is the justification for headlines of the Fascist Press, Imediately invested our win- assumed an upward trend, now it is the turn of the "starved" Ser-the overthrow of Parliament here? wonder if the average Fascist has vices. And that is all there is to There may be room for amendment any conception of what an attempt nings and retired.

Races in Hongkong are held at in the methods of Parliamentary

India against her will to hold it. The opportunity to stimulate

menn. Between Bombay Happy Valley, just across from. trado recovery by a reduction in the procedure, but there is nothing would

the perilous North-West the cemetery. This is the place income tax is to be sacrificed to wrong with the system. Under it

Great Britain has come through Frontier, where the bulk of our where all the "dead 'uns" come Militariam. Starved workers must wait upon "starved" defences, trade with greater speed and greater army are stationed to meet the

The first race recovery upon Security. Grumbles success than any other country the menace of invasion, there are three

was held in would be fewer were there any sign worst economic blizzard the world thousand miles of communication of imagination in this particular has ever had to face.

to be protected. It is safe to leave Hongkong in 1845, and a lot of on the placed Mr. Chamberlain's

those lines now almost unguarded money sphere, but scorn of the aeroplane compared Parliamentary system has delayed because the great majority of the favourite, which came in in with

cruiser sinks hopes in that action. Where is the evidence? Indian population acquiesce in the 1847 and was promptly dis- direction. Shipping is to be pro- Opponents of the National Govern-

present system. They believe that tected in the Seven Seas even if it ment might argue that it has neted real self-government is in their qualified for being over age,

Happy Valley is about 11⁄2 miles Is sunk by serial bumbardment on wrongly, but they cannot contend in the short that it has not acted. arrival in the Channel. There is

Destroy that belief; bankrupt from the city going out and about going to be a strenuous fight

space of two years there has been that good-will; rely on the naked 5 miles coming back, if you have to

Com-walk after the last race. scal revolution, a complete around the Chancellor's next Bud-a

of force-and the power

Soldiers and sailors take a lot of get before it passes through the change-over from Free Trade to Commons

Protection. The national finances mander-in-Chief could no longer

be responsible for the defence of interest in racing in Hongkong and reinforce many naval officers own horses. rescued from solvency, a slum clearance scheme India without heavy OMINOUS REPORTS

has been launched, the balance of meats and crushing new taxation. When they win it is, of course, a

we should have to case of the race to the fleet.

Other people who take interest in There is something rather omin agriculture and industry in the In addition

employ those methods of barbar- ous about the reports of graft and national life is being radically am that are inevitably under a racing in Hongkong are His Ex- cellency the Governor, members of military dictatorship.

and the double-dealing in the operations altered. Not once has the execu in the United States of the Civil live naked for emergency powers

I can well understand the at- the Legislative Council Legislature has not Works Administration. They have which the

tractions of Fascism to a certain pari-mutuel.

the some of Judging a dictator- How could granted. been widespread enough to cause

type of youth-the appeal of the Department of Justice officials to ship have helped in any way?

smart uniform, the semi-military dividends, the pari-mutuel takes discipline, the thrill of adventure, the largest interest of all-about investigate, and the story they tell

would say. We THE COST OF HITLER.

the sense of comradeship, the 50 por cent, we is not exactly a pretty one. officials in Rome localities have put

What dictatorship has in fact themselves on the CWA payrolls; in done as much as our own much devotion to a cause outside mere have never discovered why it is self-interest. Many of these are called a mutuel, unless it's because

we give and it takes. others they have connived at a

abused Parliamentary system? On wholesome instincts. Outlet "can

-Strange things have happened squeeze whereby

men employed the parade grounds of Germany be found for them in a thousand under the CWA schemes had to they celebrate every Sunday the ways in the various organisations during race week in Hongkong.

In surrender part of their pay;

re-birth of a nation. What they of political, social, and indeed, if Five years ago Robert MacWhirter others they have given jobs precise have not yet produced is a plan to militarism has its attractions, the dreamt that a horse named Loch Ness Monster would win. To ly as favours to friends and sup- porters at ludicrously high rates

defence of the State.

In work of that kind they can everyoody's surprise it didn't, there of pay. Part of the scandal la

be given free rein with advantage being no horse of that name in the

Fascism race. due to local political conditions, and

to the community. In part may be due to the federal ad- ministration's failure to proceed sharply enough against the spoils

they can only be pursued to its system. There still are too many men who see in government jobs deserving party workers.

*

GRAVE DOUBTS

Public

have

been

in-

re-start its industries. They have suppressed the Reichstag, but they have not achieved recovery.

The only wheels of industry that set going Chancellor Hitler has are the armament factories. Could anything be worse than the situa tion that the bullying and bluster- ing of Berlin has created? Denmark,

grasp.

dishonour.

WHAT DO THEY MEANS? What do the Fascista menn

by

It is also a strange coincidence that in Hongkong, no horse has yet won the Derby, the Cup, the Griffen's Plate, the Attaboy Shield, the Trevessa. Trophy and the

Very definite dislike of the only a new opportunity to reward who a few years ago gave a practi- |

cal lesson in disarmament by dis-when they talk of discipline? | Cricket Interport in the same year. Probably this is because Hong- efforts being made to raise the

banding half her army, is fitting out They do not atop short at dis

aro kong horses are usually so badly her citizens with gas masks. ciplining themselves; they price of silver was expressed in the Chairman's speech at the an-

Belgium is rebuilding her dis-out to discipline their neighbours. educated. It will probably surprise community to to be most of our readers to hear that of Trentbridge, last year's Derby But, whatever the cause, the not mantled forts; Switzerland, the The whole

country in placed in a strait-waistcoat

winner, can neither read nor write. nual meeting of the Hongkong and Shanghai Banking Corporn effect is to raise grave doubts about least pugnacious.

They affirm the need of what they

What with admission charges öf tion. It is, indeed, clear that the working-out of the vast pro Europe, is incurring heavy in their own construction. the Bank looks with disfavour on grammes now being put into effect creased liabilities in her armament

this year. The currency experiments of any at Washington. No-one yet knows expenditure; Austria has been call the Corporate State. It is by $4.40, the Race Club is faced with kind, a circumstance which pos- how far some of these programmes brought to the verge of civil war the methods of the class war that the serious problem of stopping

are going to go or how long they are by the activities of the Nazis, they pursue it. They divide the gato crashera sibly explains the rather sur- prising disposition adversely to going to last. Many people are Great Britain herself may be asked country into those who believe in favourite trick is for the gate convinced that some, at least, of in the estimates this spring to their policy and those who do not crasher to announce himself as the or Sir Thomas Edward. Kelly pre-judge the Roosevelt mone- the Roosevelt projects are pro- undertake fresh burdens in her air and woo betide those who are Aga Khan, His Ex, the Governor,

Everywhere there on the wrong side of the gulf.

I saw the other day in the King's Southorn. tary policy before it has had a foundly unwise and ought to and expenditure.

Road, Chelsea, a lorry load of

Owing to the present financial fair chance of justifying itself. will eventually be abandoned. But are new fears and suspicions and The view was expressed that however opinion may run in those hatreds.

"Discipline," prate the Fascists, Fascists. They were in uniform altuation, we have regretfully de governmental action aimed at respects, one thing is obvious:

this year. I old by the Red Cross with stretchers.

Valloy racecourse bringing about an artificial risc Since the country is more or less "that is what the youth of the and the lorry was equipped as if cided that we will not visit Happy

world needs." I am just

to remember the days and all the paraphernalia of first- in silver prices is likely to do committed to a trial of a vast ex

bottles, our shirt, trousers, buttons more harm than good to China. tension of activity by the govern enough

ment, that trial ought to be as before the catastrophe of 1914. aid appliances, They were getting however, the parl-mutuel is pre- Why the uniforma and why the and sew on, we might reconsider That, however, is a point on business-like and straightforward That is what the same kind of men off for a meeting in the East End.pared to lay the odds to empty beer which there is room for consider as is humanly possible. If it falls, were saying then. "National ser- able divergence of viewpoint. It ought to fail because of its own vice uniforme- obedience" ambulance? The answer la simple, our decision. True, China's export trade would inherent contradictions and not be those were the remedies that were They conceive themselves as an

cause of political ineptitude.

being advocated than as a solution army and the platform as their be adversely affected by any

of our national Ills. By the time battle ground, and where there is marked rise in the price of the

they had finished being applied (Continued on Next Columns.) white metal, but there are other factors which suggest that what

What the Americans are getting is lost in ore direction might be made up in another. First now is a discomforting hint that and foremost, 2 rise in the their political machinery is not value of silver would tremend robust enough to carry the load. If ugly graft, favouritism, self- ously lighten the burden of seeking and plain, everyday in- China's loan obligations. It efficiency cannot be kept out of the would also enhance her pur- operation of these projects, they chasing power in respect of com- have small chance of succeeding. modities which she has to No chain is any stronger than its import. Finally, if the view is weakest link. It is beginning to look as if the ordinary variety of correct that a rise in silver prices politica is the weak link in the would represent a contribution chain upon which the administra- towards eventual world trade tion's experiments are pulling. If improvement, China, like all that link gives way, the experi very apt to collapse. other countries, would share in ments are the beneficial effects. There will Unless, indeed, the United States be general agreement that, from can root political selfishness, stu- the standpoint of sound econ-pidity, and chicanery out of such omics, all artificial measures activities as the Civil Works. Ad- ministration, President Roosevelt's whether tariffs, quotas or other plans will never be tested upon regulatory methods are bad. their merits. The ideal still is, and must be, unfettered operation of the Inwa

*

WEAK LINK IN CHAIN

of supply and demand. But we banker. But this uncertainty is are living under conditions in a temporary phase; it will dis- which it is deemed necessary to appear when the nature of apply artificial measures for the America's action is disclosed. purpose of securing a rise in Thenceforth the position, so far commodity prices. There would as speculative activity is con- thus scem no more reason why corned, will be no worse than it silver should be excluded from now is. The whole issue bolls such measures than, say, rubber,down to the question of the tin, or tea. We can well belleve desirability or otherwise of seek- that the present uncertainty, due ing to bring about higher com- to the possibility of sudden acmodity prices. If this is wiso tion in regard to allver, may policy in prevalling conditions, make the position of the trader. there seems no real reason why difficult and may add materially silver should be specifically ex- to the burden of the exchange cluded from the experiments.

"Is it because I'm not wealthy.

farrlett?

Admittedly, there would be diff- universally adopted. Mr. Thomson, culties if this form of barter was the Secretary of the Dairy Farm, for instance, would have to calculate what a 10 per cent. dividend on two bottles of milk, one meat pie and a ham sandwich would come to.

fighting there will be wounds. The Fascists leave on their speak- ing campaigns a trail of amashed furniture and broken heads. They have Introduced into politics & ferocity that is un-British and is horribly dangerous.

A DELIBERATE PLAN,

I believe it to be deliberate. It was the tactics employed in Gor- many, The Nazis stung the Com- munists into retaliation. They created the atmosphere of the class war, and then were able to come in as the saviours of Society from the civil strife that they themselves had stirred up.

an

If a young Britisher responds to the meretricious appeals of Fan- clam let him at least reallee what he is doing. Ho is onlisting. In attack on freedom in this country and evory Institution which has made it morally great and economically powerful, and ha will be compelled to conduct it by methods that are allen to every tradition of tolerance and fair play.

He thinks now that he has dis covered something that has all the, excitement of war without any of its dangers. He will find. that he has achieved both, and that the conflict will be made more horrible than any upon which he could, possibly engage, for it will begini. among his own people.

: