1934-03-05 — Page 6

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THE HONGKONG TELEGRAPH. MONDAY, MARCH 5, 1934.

Hongkong Hotel Garage

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The

Hongkong Telegraph.

son

NOTES OF THE DAY WHY GERMANY WITH

DREW FROM THE LEAGUE

THE SILVER FIGHT

American eliver advocates pro fighting to the last ditch to force effective action, on alvor. And there can be little doubt that the willingness of the Administration

mind.

| DREAMLAND

Whether anything is likely to be done upon the lines suggested or not, the line of thought which naturally develops is a rather pleasant one. The proposed ratio would see silver quoted at approxi- mately 7/6 an ounce in London, and the Hongkong dollar at, possibly, auven shillings. No harm in likely to be done by allowing oneself to intertain dreams along these lines, Pounds at three to the dollar! And it is not quite so impossible and so fantastle as at first it seems. Something of the kind has happened before and even miracles bave been known to re- peat themselves..

given, for cutting down these fine old banyans is that they constitute a traffic danger. The extent of that danger, even if it is admitted, is a point on which opinions differ. The general view is that the danger is by no means so pronounced direct

as to warrant the destruction rat magnitude influence of the

Germany.

By Dr. JOSEPH GOEBBELS, (German Minister of Propaganda,)

по

The Very Idea!

CHEERING UP.

By Eddle Kelly, Gloom Merchant

WHAT the world needs is someone to lighten the people's burdens.

That's what we're for. While governments dilly. dally we have taken the first. step to make this world a brighter and better place to love in-live in.

What Hongkong wants,

for instance, is more money

In order to combine the two," it took some thinking out, but we managed it.

First of all, we suggested that the Hongkong and Shanghai Hotels should, in view of the fact that they were doing their best to make their customers cheerful, be the first to benefit under our

scheme,

So wo prevailed upon them to raise the price of beer to five bucks.

bottle.

We estimated that this would not the company an extra 35,000 a day, or $7,000 a day during the summer months.

Then we decided to bring a my of cheer to the beer drinkers. We prevailed upon Mr. Taggart to lower the price of beer to $1 a bottle.

Thus, with one stroke of the pen, we were able to save the Hongkong

In other words, $150,000 a month..

In still other words, $1,180,000 n year.

This amount should, naturally, be devoted to the drinking of beer. Which will make the hotels

happy.

Which will make, us happy, Well, wattinell are wo.grumbling about?

But wait, we haven't finished yet. Still pursuing our policy of mak ing this Colony brighter and bet- ter, we have secured a promise from B Wilson that speakers at Rotary will be knocked on the head with his gavel.

to cooperate in the rather startling IE now Germany has gradually parishe; and membership was not Achemes put forward would ses

Taustoffer her bir to the allystone, and members, venti the objectivo achieved. The mere announcement that the United friendly criticism meted out to that the atmosphere of Geneva States Government was in the most of her doings by largo sec has over changed since their sub- market for 1,500,000,000 ounces ortions of foreign observers. It is sequent admission and that this even a third of that quantity for that matter, would send prices sky-

thus not very surprising to see dualism han over ceased to make rocketing. There is hardly a that her withdrawal from the itself folt? Germany believes that doubt that official decision to pur-league of Nations was described as the League will always remain true chase more silver, than is, at the an indication of her bad will" and to the spirit of discrimination in moment, in sight would produce the 16 to 1 ratio which the Pitt even as a menace to the peace of which it was originally conceived. When the Covenant of the man school keep constantly in Europe, Genuine, advocates of

peace throughout the world, how-League was made public

to spend, and less places to assured that February 14th, 1919, It was 03- ever, may reat nothing can be more detrimental to serted that it would render valu- spend it in. the cause of peace than the atmo-Jable service to the peaceful and But businesses must live, 20- sphere of unrest and distrust organic development of the com- it is imperative that they also created by the spread of informe munity of nations. It is strange earn increased profite. tion serving the sole purpose of to sea that the League's own allotting to Germany the role of development should never have the "bogey man."

transcended what might be called It is therefore a matter for the infantile stage. Germany's gratification that, soon after our collapse was brought about by a exit from Geneva, a change came coalition of Powers nover before over the situation, and that known in the world's history. If number of crities evinced a certain that association was an unnatural desire correctly tu appreciate our combine even during the four motives. It is no longer poselble years of the war, what reason is to ignore the plain fact that the there for ondeavouring to make it League, during the relatively short a permanent factor in politlen? time of its existence, has passed The place assigned to Germany by through so many failures that even the authors of the Versailles treaty its stoutest defenders begin to has never born any relation to her look at it with critical eyes; but status, ber innate strength or her although most of the original on-cultural and economic importance. THE GOLD FLOW

thusiasm has by now evaporated, The equilibrium of the world was Great Britain and France have completely upset when the war was Gold to the value of millions of pounds sterling is flowing to the resolved to continue the League in smally liquidated. The real task United States every week as a re-operation. In order to disguise of the League would have been to sult of the devaluation of the gold the fact that it is really a mere restore euch equilibrium in order torao and that not less than four to enable those countries that had dollar and unless a halt is 8000 called, grave damage may be done out of the seven Great Powers are been the principal aufferers from not or are no longer-members, the events of the war to put their to the financial stability of Europe. It is sometimes alleged that the respective houses in order. This MONDAY, MARCH 6, 1934,

There are two causes for the al German withdrawal must be re-task, although difficult, would have most unprecedented movement across the Atlantic Flight" garded as a tactical manoeuvre, been beneficial to the world. In KOWLOON AND ITS money is returning, representing a and there is a widespread belief history nothing le permanent; public the sum of 385,000 a week

that she will return to her seat a development, life and| ($47,000 summer consumption). dollar profit to its owners of TREES

66 on the Counell prior to the ex-

The Geneva Institution per cent. Superimposed on this Evidence is not wan- movement are the normal balances piration of the period of two years has always been an upholder of ting that

Kowloon's opinion due to a creditor country which during which she is still consider stagnation; it has never compre- on the matter of the still enjoys a surplus in foreigned a member in conformity with hended its real mission, and it has the League's statutes. Such benover done anything that would removal of its fine picturesque trade.

lief, however, is wrong, may have made for political progress. avenue of trees in Nathan Road

porsisted in-lead to serious dis-

Germany's decision to join the is strong in condemnation of PRICE ISSUE

appointment. It cannot be em- the official decision. The rea-,

phasised too strongly that Gor League proved barren of results. From a long term point of view, many left Geneva because sha It was soon seen that, it was im what are the probable results of the wished to sever any connections possible to create, au atmosphere 60-cent dollar policy? They seem with an institution which has which would enable the European to be well expressed by the views never been able to dissociate it- situation to be handled in such a of an eminent economist, who is elf from the mentality that pre- manner as to pave the road of real quoted as having stated before the vailed in 1019 and whose real progress. Germany had an uneasy Senate Banking Committee that the character underwent no modifica- feeling of having signed the use of the Government's profit on tion in spite of the admission of Versailles document a second time the gold stock would constitute "a

and of having voluntarily acknow ledged its terms. Is it necessary Many econd-

It would be unfair to disparage to refer to the

practical activities of over forty of these magni-mists argued that there was and in the lofty ideals by which the of the League in all those years? ficent trees, which have been sufficient gold bass to restore and Anglo-Saxon originators of the The fact is that all the great the pride of residents and the maintain the 1920 price level with League principle were inspired. problems of International import admiration of visitors. But out revaluing gold. Theoretically. But the application of these ideals ance were solved without Its ald. public feeling has been chiefly this is possible, but as a practical to the sphere of reality has been When the conflict between China aroused at the manner in which matter the attempt to do so would so inadequate that it provides an and Jagan presented it for the make for much slower recovery object lesson from which all supor first time with an opportuinty of action has been taken. As a

and the final results would be Idealists might learn if they were making a decision of that kind, it correspondent pointed out on somewhat problematical. On the not constitutionally unable to face failed to rise to the occasion. Saturday, Kowloon people have other hand, a minimum cut of 40 hard facts. The League Covenant which-Indeed-is no

surprise. had no volce in the matter per cent in the gold value of the has been incorporated with the whatever the official fiat goes dollar would seem to make the pro- Versailles treaty as Part One,

for the purposes of From the attitude taken up by forth, and the destruction auto-blem of restoring the 1926 price evidently

level of restraining the tendency supplying a sort of ethical and the Geneva institution Germany matically begins. It is not as towards increased prices, with the moral alibi for the remaining 440 has drawn the only Inference com- if there are no media available hope that the rise in prices can be articles. The iden evolved by patible with her honour. She can for ascertaining the unofficial halted at approximately the 1926 President Wilson was submitted to not and will not go back to Geneva view. The least that might level.

the tender mercies of the political so long as the League continues an ful Idea. have been done was to have

roalists of France, who-after first Instrument for the maintenance of consulted the Kowloon Resi STERLING BLOC

refusing to have anything to do the Versailles treaty. She does with so fantastic a notion-soon not wish to take part in discus- dents' Association, the repre sentative body of ratepayers on For the gold countries, initia-discovered that this was a unique alone that are only intended to the mainland. Then there is tion of the Roosevelt polley is opportunity of enforcing and per-perpetuate it; but she is always the Automobile Association, meaning a substantial loss of gold petuating the kind of "penco" willing to collaborate in the work principles of true justice are whose views on the question of going to the United States perhaps contemplated by them. Thus, the of European consolidation if the

growing to an extent that will "Society of Nations" became the alleged traffic danger would disturb thoir financial equilibrium, mere League of the Victors. The applied and if her equality of surely have been worth while The sterling group have ao far vanquished were treated as moral status is genuinely acknowledged. securing. Neither body, how-given no sign of tkę policy which ever, was even approached. they will pursue, although, it is The police have declared clear that their refusal to consider

the trees

Astabilising are

around present danger and that has sufficed, values is justified by the tre it would be interesting to knowmendous under-valuation of the dollar in terms of foreign ex- whether, in aecking official change, as compared with its sanction for the removal of tho internal purchasing power. It is trees, the police brought for this situation that has prompted ward any evidence to establish the press to discuss recent devolop- their argument. So far na wemonta in terms of a currency war can see, the only possible means between Great Britain and the of proving whether the trees United States. constitute a danger is by analy- sing the number of accidents NO TRUE CONFLICT which have occurred on the atrotch of road by which they Thero fa no confilet in any true are flanked and comparing if sense in monetary matters between with the number of accidents on

the interest of the sterling group and the United States, and any B comparable thoroughfare. Even then, allowance would discussion as to the relative price at which exchange could be have to be made for accidents stabiilsed can be based intelligent- in no sense attributable to the ly only on the oventual internal presence of the trees. Apart price which is being almed at. from these points, however, is folly, to say that the pound- there is just cause for complaint should now be stabilized at 84, at that a matter of this kind should $6 or any other figure, until the basic premises are determined. If be decided without taking public, Britain Is content to completo sentiment into account, Such readjustments at the present price thing would be impossible in level and the rest the sterling England. To this type of group follow her, it is clear that Omcialdom, the natural reaction this decision would justify a valun- of any civic-minded person is to tlon of the pound higher than the ask why in this Colony the public old parity. If the sterling group cannot exercise some measure of and the United States are to pur- control over purely domestle suo a parallel policy in regard to pricca, then it in clear that, questions. Other Crown Colonies something less than the old parity have their Municipalities: why is justified, that is, if we accept Hot Hongkong? We still have to the theow that the pound was hear a satisfactory answer to stabilised at too high a price in that query,

1924

that

at

**

It

"A swell place you picked for our "vacation! cooled movie in town.

INGARS

matter for

The Jockey Club has consented that do horses, but the winner will cutered in any race next season.

ba

We were even able to pre vall upon the government to chop

down the trees In- Nathan Road in order to give the Kowloon Residents As sociation something to chew

over.

Then there is our mother-in-law,

We have just thought of a wonder-

STOP PRESS

Before Mr. Wynne Jones at the Kowloon Magistracy yesterday, old man named Edomly an

murder his mother-in-law, Bertha Whalestooth. charged with having attempted to

emotion, Speaking with great Kelly, during a passionate outburst

from the dock, declared that he had put arsenic in Mrs. Whalestooth's coffee with only one fden-that of making Hongkong a brighter and better place to live in.

"After I had completed my work," naid Kelly, it was my intention to ask mambers of the Forestry Depart- ment, Shroffs Association, Polico Department and other prominent joy- killers to tea, in order to make Hong- kong still brighter and butter."

The special Jury of four found the accused not guilty, without retiring fram the court, and Kelly, was nee quitted with cheers.

HIS MISTAKE

∙Mr. Jinx was the mildest of men, but even he objected to the noise which had issued from the bedroom of his neighbour, some time after eleven o'clock on the night previous. "I say, old man," he said to Jonx, moeting him during tffin hour,

· “don't mind me mentioning it, but if you intend to talk, so much be fore going to bed, you really should close your window. My wife. get to sleep last simply couldn't night

with

all that talk going on.”

Me making a noise, talking last

exclaimed Jonx.)

Best Perhaps you don't realise

It; sound carried at

night"

"My dear Jonx, 'you're making a mistako.

"But I heard you, old man! As A matter of fact, the wife com- plained bitterly, "You didn't realise you were talking so loud."

"You're wrong this time, Jlax," wald Jonx cheerfully I was in Macao on business last night. Haven't boon. home afroo – Satur

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