1934-08-17 — Page 6

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NOTES OF THE DAY VACTM

SILVER DISPARITY.

A very plain issue emergen from the puzzling failure of the Hongkong dollar to rise to Ita allver parity value. In the Colony's currency based

upon

is it not? The figures

1931.

OF ABUNDANCE

By IAN MACKAY

allver or published yesterday comparing the hear repetition. In 1929, sver DURING the last ten de over-comforts: London, Paris and Edin- situation today with that of 1929.

fell at one stage to 21.5/10ths, in

two decaden¦ should miss would be a few home

London, but the Hongkong dollar loaded with calamities great and burgh could join Babylon In tho was never quoted below 18. 7. small that men have become accus, gloom of forgotten things and we Yesterday, with the London price

at 2144. spot, the local demand tomed to donth and disaster. should lose a little culture and rate was 18. 6. 1/8th. Now Is Surfeited with the daily dose of romance. easy to understand and appreciate maan murders, riot, revolution, the probability that the bank in torture and terrorism, we are los 1920 was proventing undue luctug-

tion and exercised control over then the aptitude for sorrow and fall. Public service is also done surprise and are rapidly develop In preventing too rapid a rise Ifing into a race of hard-boiled a decided reaction Is likely to set cynice.." in. Where the difference shows IB in the trifling margin above bullion point of the 1920 quotation and the prosent margin below, which is not IcAs than a "full penny. An ex planation would be very interest- Ing.

MATTER OF POLICY

the cows go on, the herring flects But so long as the cornfields and come in on the floodtide and the collier goes down in the dark, life. will go on too. For those are the basic things,

*

-The incredible cavalcade of tyranny.and tears is passing dally before our eyes, but we are bored Yet the collier, the fisherrinn with the brutalism of Berlin and and the farmworker are the worst the agony of Austria and turn with paid of all the servants of society relief to the latest "monster" or The miner and the fisherman have another century by Hammond, also the most perilous part to play

Such an issue na this sends

All this is very natural and in a thoughts racing back to the Cur-way wise, but it does dull the edge reney Commission's Report, & In- Defence Trang Tall Barestar on document containing the following condone the things we should of feeling and tends to make us paragraph: "We understand that the

present Chief Manager of the condemn, Bank has

announced as the polley of the bank that it will in futuro always apply an exchange corree- tive with the object of preventing the dollar from rising substantially above the theoretic bullion point. It however fundamentally wrong that the exchange value of a Colony's currency should depend on one person and no less wrong that that person should be put into

GARAGE SHOWROOM

Phone 27778.9. Stubbs Rd.

Honghong Telegraphi

FRIDAY, AUG. 17, 1934.

I was set thinking on these lines by a pasange in an addreas de- livered in Edinburgh by Mr. Peter Lee, the President of the Miners' Federation.

The Very Idea! STATIC & SHIVERS

By Eddie Kelly, Ice Man. Perhaps you've been wonder- ing where we've got to since last Friday. Our name wasn't men- tjoned, but, actually, we've been snowed up with. ̈ Commander Byrd somewhere ncor the South Pole.

This radio is a wonderful · thing, otherwise how would we tell you our story to-day? „ XE are snowed in here.. beginning to feel the cold. Commander Byrd is We are beginning to get a bit fed up with his grum- bling.

We told him when we first started on the expedition that the going would be tough, and that he'd need to.. take all his red flannel under-.. wear, but no, he must turn Their position would be propos-up in pink milanese singlets terous in a sancly ordered society, and silk socks. If he must wear of us all, tolling away when they antarcticíficial silk. There they are, the chief supporters silk, why didn't he wear that áre lucky enough to toll-for a few

The dog teams are causing a shillings a week, and their em-lot of trouble. We have been ployers are little better off. are all the victims of abundance: and the diet seems to give thenr They feeding them on dried Eskimos, the sacrifice to the surplus. They a tendency to blubber. You have performed their task so well can't imagine how nerve-wracking that they have produced overflow-It is to be confined in a small Ing plenty and stupid, senseless show hut, through the long polar..

night, with a lot of blubbering doga, not counting Commander Byrd.

miners were killed at the coal fuce,

Last year, he anid, over 800 poverty-side by side. and he noted. that when such

*

*

*

The Socialists got on to this

Glasgow with the cry, "Starving Yes, but I wonder how much In the midst of plenty." but there they do see and how much thought is no assurance that the evil will they devote to it afterwards? For be removed by the establishment over 50 years all the forces of of a communal system. It certain civilisation, science and organisa- goes on in Russia. stion, have been concentrating on

Byrd's cat is howling pitifully

Byrd to be going on the way he la

with the animals, we put the cat According to our usual custom out for the night last Sunday. How were we to know that tho nights were six months long?

a position where he may constantly | disasters occur "for a few days the point years ago when the late Mr.. outalde the hut. It was in a sense. Have to decide between the con i general public are led to see and wheatley cleared the Tories out of our fault, but there is no need for flicting interests of the Colony and think of the dangers of mining." the bank." Further stress docs not need to be laid on the question of responsibility, but the implfen- tion does suggest itsolf immediate ly that where it is a matter of rising substantially policy to prevent a currency from

above theoretic bullion point, measures to prevent it from remaining sub- natural concomitant. stantially below should be

a

EASTERN LOCARNO IN THE BALANCE

the vital problem of safety in the The disease lles deeper than mines, but so far no appreciable politics can reach, but it should The proposed Seven-Power Eastern

progress has been made. Equipped" not be incurable. European Pact of

with the most elaborate devices Mutual Assistance, which, when

and disciplined in his own defence with the surplus in some kind of The current device for dealing first mooted, was described as

the miner still takes his life in his Ananelal wangle. But however likely to eliminate the poison of

hands every me he descends the elastic or, telescopic the currency Three years have elapsed since shaft. suspicion and remove the fear the Clegg Commission submitted

may be made it seems to me that of explosion on the Continent, its Report, containing several His job is still the most danger-the surplus might easily escape important recommendations. As ous, dull and dirty in the land, control unless the scheme fa

authority.

PIGEON-HOLED?

may be relegated to the sphere far as can be observed,.everything and in the nature of things it rigidly controlled by some super-

that

A

F

Apart from these minor, dia- tractions, our work here goes, on fairly evenly. The temperature is now 2,400 degrees below zero. The mercury is down so low that

on the floor. we have to keep the thermometer

We had a blizzard yester- day. We can't say that we liked it very much, especially as we had to pluck and clean the thing and do the cooking. Byrd won't do a thing. He Just sits around moping and chewing candles, a vile and Incendiary habit he picked up from the Eskimos.

coming on this expedition. Seated that we were, rather hasty it We have been thinking lately

of still-born projects if Germany and Poland persist in their dis- connected with the currency of seems there is no hope for him. inclination to join in the plan. Commission's

the Colony proceeds as before, the

Inevitably he muat toll a mile or Britain and Italy have long since having been pigeon-holed. It was

recommendations more beneath the meadows and

the bees, a voluntary and on the Here we are right at the very indicated that they are benevol- urged, it may be recalled, that the whole cheerful prisoner of the heart of the problem. Can it be ently disposed to the scheme, Government should take charge of dark.

done by private enterprise? If and whilst Germany's attitude all silver coin and bullion, that a

the object is to ensure that the at first was not too favourable, Currency Board should be appoint- hazard of his work, but he is on- to the frying pan, who is to see He never complains about the fish proceeds rapidly from the fleet there was a widespread hope ed, entrusted with the important titled, as his leaders are doing that it is done?

she would realise the function of accumulating a ster- to demand in return for his risk advantages of a plan whichng fund to provide for ultimate a real reward.

one day at the organ,, we were would preserve the territorial token dollar was suggested, to do

stabilisation on a gold basis.

At present capitalism performs weary and III at case, and we asked the task moderately well, but the ourself, "What good are we doing status quo and at the same time

with away recognise the principle of equal- wheels and enabling the silver country.

In actual fact the miner is one most ardent defender of private in this hut?" Who, we sold to cumbersome cart of the poorest paid workers in the the thing could not be done better perature it is at the Pole?

enterprise would not claim that ourself. cares what blasted tem- ity of rights. Poland has had recovered to be avaliable for some her doubts 18 to whether future expansion of the note issue.

́or more ́economiléñlly.”

That's what makes us mad. security of her own frontiers The Commission went so far as to of economic organisation there is Without entering into an analysis.

The real charge against the to the cause of selence, fighting Hore we are, sacrificing qoursolt necessitates the undertaking of suggest that if the note-issuing one startling anomaly which I do existing system is that the flaher- new responsibilities for those of banks were not prepared to fall in not think any of the critics of man is forgotten. He goes outing polar bears off us at every our way through avairuses, scrap- her neighbours. For the East-with the scheme they proposed, capitalism have pointed out."

into the North Sea and brings | step," ern Locarno plan to be effective, empowered to issue

the Currency Board should be

back his catch, but he

humping thermometers, has no barometera, gasomoters, and If one were asked to name the guarantee that he will dispose of things, round and round the Pole, Germany's adherence would be Notes, thus investing control of life-and-death-industries every lucky indeed if he covers his costs. Nothing. Not even a medis. Not

Currency three most casential--that is the it and even when he does he is as much a necessity as Russia's the Colony's curmoney supplies in body would reply agriculture, cont Last year many men went all the that we want any metals. It'

and what do we get for It?

tions. Indeed, Sir John Simon,

mining and fishing. On the pro-way from the Shetlands to ducts of these industries the race mouth

Yar the principle of the thing that and after ten wecks' we're talking, about.. could carry on even if all else arduous labour they went home disappeared.

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in explaining the suggested pact C.B.S. BUS-STOP in the House of Commons when

The has

it was firat mooted, stated that K.R.A.

The correspondence between the since the plan would operate for in the little matter of the removal and Police Department the security of Germany as well of the C.B.S. bus-stop tells the as that of her neighbours, it was same old story, throws up the to be made, the starting-place same accusation, that the police for the resumption of negotia-will never admit a millake. Thero tions for a convention. providing school children coming from long was no real reason for depriving for the reasonable application of distances of the facility of a re Germany's demand for equality quest stop near the school, of rights in a regime of security tree abstruction argument for all nations. Accordingly, become almost a mania since the France indicated her willingness protests against felling and in to make concessions to Ger- any event does not apply at the many in the matter of repoint concerned. Apart from armament. This gesture

that, it should, normally, en-

ไย n couraged the belief that Ger-

principle establishing bus many would be disposed to come

stops that they cater to convent into the scheme, but, strangely futile offer made would morely. ence as far as possible. The enough, the project was from Inconvenience Granville Road re- the very first, received with aldents without rolluving the suspicion in Berlin, where the C.B.S. situation in the slightest. suggestion was put forward that As Mr. Burlingham himself points its real object was to crect u out they have only 178 yards to "ring" around the Reich, Since | travel from the other and obvious all the parties to the suggested alighting place in the absence of pact, including Germany, were more sensible provfelon. Should to enter into a mutual assistance oficial or two will be caught once we despair? Perhaps a high police undertaking, it is difficult to appreciate the suggestion of the without raineout or umbrella and or twice in a heavy thunderstorm scheme having been devised for with shelter only 178 yards away. the express purpose of keeping Germany under subjection, the more so when the endorsement. far more likely to bo served by of her demand for equality is widely diffused system of borne in mind. It would, in mutual guarantees than by the fact, be nearer the truth to say conclusion of separate military that nothing is more likely to alliances. It is to be hoped that emphasise Germany's isolation this fact will so impress itself than the throwing over of the Eastern Locarno plan. In this hour she will hesitate to wreck i on Germany that even at this connection, the report of the plan which gave BO much possibility of a Franco-Soviet promise of stabilising the Euro- military alliance being concluded, pean situation along lines likely is not without its elgnificance. to banish the prospect of an- Peace and security in Europe are other devastating war.

We're cut off from our base (and

vanish into the vold and all wait?.

Heaven knows, It's a pretty pain- Shefield and Birmingham coald What are we going to do about ful experience), far from civilisa-

"Woll, you tell 'em it ain't so much the principle of

the thing I'm worried about, it's the money."

tion, and we haven't even got a cloan collar to our name. If wo make a cut of tea, It freezes im- mediately, and we have to peel the cup of it, and just gnaw around the edges.

We sold to Byrd, “What made you come on this damfool expedi tion ?" Well," he said, "between you and me and that walrus over there, things weren't too good at home. You know how It A man comes home a bit late from one of these Polar expeditions, and people start nagging at you, and one

On thing leads

to another.

か

"Stop, old man," we said, grasp. ing his hand warmly, "we know. all,"

"So I just though that I'd better get out for a while till things blew over, he concluded.

Some hour later, when we were in bed, Byrd came over to us and | said, "Admiral, are you awake?" We said, "Yes, what time is It?" "It's still quite carly," ho roplled. It's only August. What I wanted to say to you was about our conversation: a while ago. Don't breathe a word about it to A soph. Why I started this expedi tion, I menn.”

- “You can rely on me, Byrd," wo ropiled.

The two of us are comfori- able here now. We don't » . want a stampede, and have a mob of husbands barging. In

on us,

We spat our death, he kissed us turned out the aurora borealis,und so to bed for another few months.