1934-09-21 — Page 18

WATSON'S

LAVENDER

TALCUM

WATSONS

of

SUMERTON

LAVENDER

TALCUM POWDER PARK, BG, LUUAMOUS TOILET AND NURSERY

SWATSON &

FOR

HOMO RONG.

& CHINA.

EXQUISITE

FRAGRANCE

In Magnum Tins.

80 cents

A. S. WATSON & CO., LTD.

Radio

WORLDS STAGE ONITLE NEW

Patterson SUPER-HETERODYNE

We have received new stocks of this popular receiver, and invite inspection of the various models now on display in our showrooms.

Patterson Superheterodyne All Wave sets have proved by performance to be the most satisfactory receiver on the market, they are extremely simple to operate, and quite inexpensive.

Let us send you catalogues, or arrange a demonstration in your own home.

S. MOUTRIE & CO., LTD.

York Building.

Fall

Style Show

of

Chater Road.

NOW

on

DISPLAY

Our

や

Exclusive

Range

"FURNISHING

FABRICS"

CRETONNES

PRINTED LINENS ART SILK HEAVY REPPS STRIPED COTTON

TAPESTRY

DAMASK

SHOT VELOUR

etc., etc.

MARVELLOUS VALUES

Estimates for

Loose Covers and Curtains

FREE

Furnishing Departments

LANE, CRAWFORD, LTD.

Phone 28151

Six Lines.

THE HONGKONG TELEGRAPH.

Moro

G

FRIDAY,

SEPTEMBER 21, 1934.

NOTES OF THE DAY BRITAIN'S PROFITS FROM The Very Idea!

COST OF SECURITY

Enjoyable

If the staggering cost of the Motoring. I world's armies and armaments could be tabulated and a positive

MORE ENJOYABLE MOTORING

י.

UPKEEP EXPENSES REDUCED TO A MINIMUM

ONLY

$5.00

PER MONTH.

HONGKONG HOTEL

GARAGE SHOWROOM Phone 27778-9. Stubbs Rd.

Hongkong Telegraph.

FRIDAY, SEPT. 21, 1934.

ENGLAND AND LOTTERIES

•

INDUSTRIAL REVIVAL

THIS WATER POLO By Eddie Kelly, Swam Songster

TIENTSIN, we notice, won the Interport swim- ming without participating in the Water Polo.

When the gold standard lapsed got hold of the people. It is in September, 1931, the Bank of taught in every school, Wook by England's policy changed from week almost every schoolchild credit restriction to expansion.buys a 12-cent stamp from the industry found itself able to bar-schoolmaster. The stump is stuck row money for industrial develop in a book and when the value in ment. By March 4, 1932, practic-stamps reaches the requisito figuro ally all the credit obtained in a National Savings Certificate is America, was repaid. This was bought, or the money is deposited six months ahead of schedule. A in the Pestoffice. Savings Bank. few months Inter, the £50,000,000 Between February, 1916, when loan was liquidated. So, too, was the National Savings Movement after they are drowned. Other the French credit of a like amount. was started, and May, 1984, 1,186-wise they'd simply jump off

Thon came the War Loan con-544,485 Nailonal

Savings

Certif-

貔

polley,

We don't blame them. Water polo is only for people who want their bodies recovered

It is even more popular with the doctors who specialise in eye, car and nose troubles. They make frequent donations to the sport (and collect larger onca. from it).

presence of ladies,

1

the

total of expenditure arrived at it would probably be discovered that one year'a outlay would be suf- NO MORE

cient to wipe out the greater part of the international debt of the SQUEAKING !

world, and thus remove one of the OUR NEW AND EFFICIENT

greatest obstacles in the way of Trade revival. It would almost “MOBILUBRICATION" certainly disclose that the amount required for each day of the year. GREASING to pay troops and seamen, build battleships, acroplanes, submar- SERVICE

ines and tanks, would be sufficient MAKES EASIER to meet the annual requirements version scheme, the greatest finan-cates were sold. They represent Star Ferry in the harbour.

of the League of Nations. It is a cinl transaction the world has ever a value of £1,000,000,000, and the This game has a tremendous. remarkable fact, when it is re-known. The immediate result was total sum which the small inves-vogue in the Y.M.C.A., as many membered that the League of to curtail stili further the spend-tora in England hold in national na seven or eight men trying Nations is the only place of peace ing power of nil bondholders, but savings 18 £2,500,000,000. Stu- out in an endeavour to make the machinery in operation continu- that transaction paved the way, in dents of political developments six-man team, ously, that the nations are so

a manner only vaguely foreseen, to are inclined to forget what a sheet careful of their little contribution the speeding up of industry. anchor to stability this enormous to Goneva, and so watchful of its

While the War Loan was produc-aggregation of capital, held in the utilisation, while they are so opening fvo per cent, thousands of homes of the workers of Great hunded, indeed reckless, in spend- business organizations with aur Britain, means. ing the money of the people for plus capital were content to invest The Rt. Hon. Reginald McKenna arme and munitions. When states in this secured stock rather than fixes the declaration of monetary men suggested some years ago that attempt industrial expansion for policy issued immediately alter the the League of Nations might very hypothetical reward. The conver-collapse of the Economic Confer- It is played in a swimming pool well organise an international slon put an end to this tendency,ence last year za spoch-making.

or ocean which should be at least police force, with land sea and air Industry and business were forced It was signed by representatives seven feet deep at both enda, in units, so that the scrapping of to use their own resources to make of almost every part of the Empire, order that no one can stand on national navies and the disband-profitable trade. So the thawing including the Chancellor of the the bottom and rest when he is ment of armies would be possible, out of frozen capital was accen- Exchequer.

about to go under for the third there were actually come who tuated. Government stock lost its

time. It has to be jaeven feet. cried: "What will it cost?" "And appeal. There was ushered in an "This statement," he says, "for- because most water poloists before they got an answer, added: era of industrial rejuvenation.mally adopted the principle of navorage about six feet high and "We can't afford it."

The ban on foreign lending helped managed currency with a view to weigh 275 lbs. Men smaller than to Apeed it up. Money piled up maintaining a stable price level. that go in for football, wrestling COSTLY ECONOMY

In the banks. The bank rate came it noted that the persistent ad- and boxing and other mild sports. down to 2 per cent for the first herence of the United Kingdom to It can be argued that the armed time in thirty-five years and in-the polley of cheap and plentiful The principle of the game is forces of the world are necessary

terest on deposit accounts was re- money had been increasingly effec- roughly the same as football-to for the preservation of peace and

duced to 1⁄2 per cent.

tive in ralalug wholesale commod-grab the man with the ball and that their cost is therefore not

A building boom started, and ity prices.

provent him from carrying it to unreasonable. But it must be

hero WAR a natural outlet for "The declaration may well prove your goal. admitted at that same time that

capital with an assured security, to be the most important profes-

This is done, by holding him: if the cause for suspicion between and this explains the phenomenon sion of faith that the world has

under water until he let go of nations were removed, if the

so puzzling to visitors who have yet had on the subject of monetary the ball, and tearing his bathing causes of fear and hatred and

noted the intense building activity policy. It accords with an im- sult off so that he will not dare jealousy were eradicated, the going on all over the country-mense advance in public apprecia necessity of these costly armed not a town, village or hamlet being tion of the conditions of modern appear on the surface in legions would be gone and the exempt. Between £80,000,000 and business life. The price level of task of disarmament advanced to £100,000,000 a year has been commodities in daily use le re- The best thing to be said In fruition, Since the League of advanced to finance the building cognized as the measure of stabill-water polo's favour is that it is Of the issues of lesser import- Nations is the world's best hope of homes, and the Building Society ty in the value of money, and the not an overemphasized sport, a ance which are to come before in this task of peace-making, it movement alone has been the maintenance of such stability is player having the shortest season

surely merits the generous finan- medium of providing borrowers the proper objective of monetary of any known type of athlete: the Conservative Party Confercial assistance of the powers. It with almost £1,000,000,000. ence next month none is more should be the first, and not the

"The Government's policy of On the average, he lasts a week interesting than the question of last duty, of member-Governments,

This is only one side of the ple cheap and abundant money, pri- and a half, and then decides to to provide the funds for their a national lottery, facilities for contribution to Geneva. If they pendent on the creation of new fat- special object of converting nation- and having his lungs relined.

ture, Greater aums have been ex-marily embarked upon for the devote his time towards drinking. which are to come up for dis-practise economy in that direction, tories and new plants; units in the at debts to lower interest rates, they may and it ultimately a most nation's economic cog which are

Another good thing in favour as been in force consistently for of water polo players is that they cussion. So far, there has been costly saving. A year's fee to the creative and, in the long run, re- two years. The success of the по indication of the official League would not pay for ons

productive. These operations have pulicy in maintaining the general don't talk you deaf about their Conservative attitude on this day's war.

been the outcome of demand for average of prices at a level which exploits. Anyone who has played in more than two games jan't able the modernization of industry. In renders production profitable is question, but the mere fact that

to talk at all. the process, there has been a re-, to-day beyond question. it is to figure on the agenda. is

Taxpayers in the various coun-

markable shift in industry from suflicient to show that it is tries have the consolation of north to south, as well as inter- "World trade may still be dis- regarded as coming within the knowing that no, budget in the change of location in the Midlands. organized, the exchanges chaotic,

Observatory sphere of practical politics. The world is more carefully scrutinised Great Britain is to-day reaping international dealings humpered

The benefit.

by prohibitive tariffs, quotas and at every turn than that of the

Empire Building Bystem of State lotteries, 80 League, and that there is little

Many entirely new concerns other restrictions; yet, notwith-

Went up to the 102ad floor have started, common to. Continental coun- room for waste at Geneva. All impelled by the need to get within described an insuperable, the trade cute. Was disappointed not to sec a large number standing all these obstacles, often and thought the view was awful the Langue's activities, sprending tries, has always been frowned to every part of the world, have the tariff walls England has built of Great Britain, by universal the statue of Washington or Al upon by certain groups at Home, to be carried out at a total annual up. Statistics, Issued in London, acknowledgment, has

some Smith. Can you see him on a clear the argument of those who cost of about one-seventh the cost show that in 1982 there were 265 months-been-making steady and day 7

of a single battleship. From the public and 9,949 private companies gratifying progress. The abun Thanks for all you have done oppose such a method of raising fact that the newly published registered, making in all a total dance of short-term money and the revenue being that it tends to audited accounts show a surplus of 10,204 concerns, with a cumula-higher prices of securities en- of debts to spread the spirit of gambling at the end of 1933 amounting to tive nominal capital of £70,000,000. courage conversion

nearly 1,200,000 sold francs. It This movement continued to ex- lower interest rates, while expand- and that the State should not may be deduced that those who are pand in 1933, for the number of ing trade, both directly and in- have resort to such sources in responsible for League expendi-public companies registered was directly, through its strengthening seeking to implement its income. ture have done their job well. As 930 and private companies 11,054, of confidence, stimulates further

a matter of fact, this result is all giving a total of 11,384, with capital development. A point which is conveniently the more creditable in view of the aggregate nominal capital of £100,- "Thus the flow of business runs Miss G. Rose ' forgotten, however, is that the unusual difficulties experienced in 900,000. There is ample evidence more smoothly through, a whole Public School 18 State at present derives consider. collection the money due to the. that statistics for the current year series of channels. New money Dear Miss Rose:

We are having a wonder- able revenue from betting taxes. Exchange difficulties, of course,

League from its states-members, will travel considerably higher, for finds its way into industry. The

this business development is In-supply of an adequate quantity of ful vacation, horseback riding The mere fact that betting is have affected many other organ tegral with Great Britain's re-money is now seen to be as certain fishing, and swimming. I'm not in restoring trade and employment neglecting my reading either. ! legal is a tacit admission by the isations and business concerns in covery.

as the curtailment of the required am reading Hamlet, but I'm really State that people will gamble, with no intention of defaulting addition to the League, Countries

One of the most amazing supply is certain to restrict them. bored. Shakespeare is so full of

"These are the first fruits of our quotations. and, recognising that point, the have not found it easy to pay their changes the years have wrought

Love, contributions in the gold currency in national psychology has relation new-found independence in mone- Home Government sees no reswhich can be used by the League, to saving. The need of thrift hantary affaira." son why those who indulge in It is not surprising, in the cir- the practice should not contri- cumstances, that Rome had not bute to the State by means of completed their 1933 payments by the special tax which is levied.auditor, in his report, recognises the end of the year. The League Even if betting were illegal, there can be no questioning the paint that, human nature being what it is, gambling would still persist. There is, actually, a good deal of hypocrisy and cant on this question of lotteries; the Continental attitude is certainly more frank and logical. The continued popularity of the Irish Hospital Sweepstakes, despite the obstacles which are placed in their way in England, is further proof of the point that the gambling instinct will find a means of expressing itself. The fact may be regretted, but it is

BALANCING THE BUDGET

that this was a "temporary state of affairs". With the improve- ment in trade and more settled conditions, financial worries may be lightened very speedily. The League, in point of fact, has not had to walt Tong for a good pro- portion of the money owing to it. Early In 1934, outstanding amounts began to roll into the Geneva coffers and, of course, current con- tributions are being paid as well. The League is not yet in danger afford to lose a penny of the con of bankruptcy, but it cannot tributions due it. Nor can the world afford not to pay its Genova

chita.

a fact none the less. It is prob- reason of the chance of substan- able that the huge amounts tial prizes in the periodical raised by the Irish sweeps are drawinga. Something along factors influencing the Conserva- (these lines would no doubt make lives to toy with the national | wide appeal. If the Old lottery idea, but, well-based Country were to resort to any though their viewpoint may be, of these methods of raising there can be little doubt that funds, there would undoubtedly opposition will be voiced by that bo a demand locally that Hong- element which reflects what is kong should come into line. popularly known as the Noncon- With indications that the public formist Conscience. Another will subscribe at least $80,000 to idea which has no more than one the Picnic Bay Sweepstake, occasion been advocated in Eng-Hongkong'a predisposition to land is the premium bond plan, indulge in a mild “futter" in the in which investors are content hope of personal gain la extab-

•

for

it's furt till my husband kota back

Skyscraping! Manager, Empire State

fcr mo.

*

Mrs. Clay S

(signed)

Says Who?

Racquet Lake, Maine

July 23rd, 1934.

Janet M-

(signed)

Sing A Song of Sixpence. Miss Lee Wiley, Hongkong Studio.

Under separate cover I am sending you 200 songs which my pupils have written. Please write "song dramas" of them and return by express. Also, please send me your written promise to sing every one of them on future programmes to X. can collect from the authors.

Mrs. Stanley A

*(signed). Hollywood, Calif...

Chance My 'Pinion. Mista Johnson:

I received dat quarter you bor- rowed from me last year, but you done kop It so long, I don't no its woth while for me, to change my opinion of you jus for 2 bila.

да

Carolina.

(signed).

How About The Interest?

War Department,

Hongkong.

Gentlemen:

While serving in the army

43 years ago I took for myself a blanket, which belonged to the Government.

Enclosed you will find $2.00 cover this amount.

Yours,

Emanuel

(Bignod):