1934-09-21 — Page 6

WATSON

SUPERIOR

LAVENDER

TALCUM POWDER

FOR

TOILET AND NURSERY AS-WATSON & COLID

HONDRONG

& CHINA,

WATSON'S

LAVENDER

TALCUM

of

EXQUISITE

FRAGRANCE

In Magnum Tins

80 cents

A. S. WATSON & CO., LTD.

WORLDS

A STAGE

ON THE NEW

Dattersson ALL WAVE SUPER-HETER DYNE

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

"FURNISHING

Chater Road.

NOW

on

DISPLAY

our

Exclusive

Range

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

THE HONGKONG TELEGRAPH.

Mara

NO MORE SQUEAKING!

OUR NEW AND EFFICIENT.

GREASING SERVICE MAKES EASIER

MORE ENJOYABLE MOTORING

FRIDAY, SEPTEMBER

21,

1934.

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

COST OF SECURITY!!

INDUSTRIAL REVIVAL

THIS WATER POLO- By Eddie Kelly, Swam Songster

Enjoyable

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

When the gold standard lapsed got hold of the people. It is total of expendituro arrived at, it in September, 1931, the Bank of taught in overy school. Week by would probably be discovered that England's polley changed from week almost every schoolchild TIENTSIN, we notice, one year's outlay would be eum credit restriction to expansion, buys a 12-cent stamp from the

won the Interport swim- cient to wipe out the greater part industry found itself able to bor schoolmater. The atamp is stuck ming without participating of the International debt of the

row money for industrial develop-in a book and world, and thus remove one of the ment. By March 4, 1932, practic-stampa reaches on the value in. in the Water Polo.

the requisite figure greatest obstacles in the way of

We don't blame them. trado revival. It would almostly all the credit obtained in a National Savings Certificate la “MOBILUBRICATION" certainly disclose that the amount six months ahead of schedule. A in the Postolice Savings Bank.

America, was repaid. This was bought, or the money is deposited

Water polo is only for people required for each day of the year, few months later, the £50,000,000 Between February, 1916, when who want their bodies recovered. to pay troops and seamen, build loan was liquidated. So, too, was the National Savings Movement after they are drowned. Other. battleships, aeroplanes, submar the French credit of a like amount. was started, and May, 1934, 1,180-wise they'd simply jump off ines and tanks, would be sufficient

Then came the War Loan con 544,485 National Savings Certif to meet the annual requirementa version scheme, the greatest Anan-cates were sold. They represent Star Ferry in the harbour. of the League of Nations. It is a cial transaction the world has over a value of £1,000,000,000, and the 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 This game has a tremendous membered that the League of to curtail still further the spend-tors, in England hold in national as aoven Nations is the only plece of peaceing power of all bondholders, but savings is £2,500,000,000. Stu out in an endeavour to make the or eight men trying machinery in operation continu that transaction paved the way, in dents of political developments ously, that the nations are so

a manner only vaguely foreseen, to are inclined to forget what a sheet

six-man team. careful of their little contribution the speeding up of industry. anchor to stability this enormous to Geneva, and so watchful of its

While the War Loan was produc-aggregation of capital, held in the utilisation, while they are so opening fivo per cent, thousands of homes of the workers of Great handed, Indeed reckless, in spend-bualness organizations with sur Britain, means. Ing the money of the people for plus capital were content to invest The Rt. Hon. Reginald McKenna arms and munitions. When states in this secured stock rather than fixes the declaration, of monetary men suggested some years ago that attempt industrial expanalon for policy issued immediately after the the League of Nations might very hypothetical reward. The conver-collapse of the Economic Confer well organise an internationaleion put an end to this tendency, ence last year as epoch-making. police force, with land sen and air Industry and business were forced It was signed by representatives units, so that the scrapping of to use their own resources to make of almost every part of the Empire, national navies and the disband-profitable trade. So the thawing- including the Chancellor of the ment of armies would be possible, out of frozen capital was accen- Exchequer. thero were actually some who tunted. Government stock lost its cried: "What will it cost?" And appeal. There was ushered in an "This statement," he says, "for before they get an answer, added: era of industrial rejuvenation. mally adopted the principle of a "We can't afford it."

The ban on foreign landing-helped managed currency with a view to to speed it up, Money piled up maintaining a stable price level. COSTLY ECONOMY

in the banks. The bank rate came It noted that the persistent ad- down to 2 per cent for the first herence of the United Kingdom to time in thirty-five years and in-the policy of cheap and plentiful duced to per cent. terest on deposit accounts was re- money had been increasingly effec- tive in raising wholesale commod- A building boom started, andity pricea. here was a natural outlet for "The declaration may well prove and this explains the phenomenon alon of faith that the world has under water until he let go of capital with an assured security, to be the most important profes This is done by holding him so puzzling to visitors who have yet had on the subject of monetary the ball, and tearing ble bathing

UPKEEP EXPENSES -- REDUCED TO A MINIMUM

ONLY $5.00

PER MONTH.

HONGKONG HOTEL

GARAGE SHOWROOM Phone 27778-9. Stubbs Rd.

the

Hongkong Telegraph.

FRIDAY, SEPT. 21, 1934.

ence next month none is more

•

BALANCING THE BUDGET

J

*

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

or ocean which should be at least It is played in a swimming pool soven feet deep, at both ends, In order that no one can stand, un the bottom and rest when he is

about to go under for the third. time. It has to be seven feet, because most water pololste average about six feet high and weigh 275 lbs. Mon smaller than that go in for football, wrestling and boxing and other mild sports.

The principle of the game is roughly the same as football-to grab the man with the ball and provent him from carrying it to your goal,

water polo's favour is that it is The best thing to be said in not an overemphasized sport, a player having the shorteat season of any known type of athlete.

to talk at all,

Skyscraping! Manager, Empire State

Observatory Empire Building

north to south, as well as inter- "World trude may still be dis- change of lotation in the Midlands. organized, the exchanges chaotic Great Britain is to-day reaping international dealings hampered by prohibitive tariffs, quotná and the benefit.

Many entirely new concerns other restrictions; yet, notwith-

Went up to the 102nd floor have started, large number standing all these obstacles, often impelled by the need to get within described as insuperable, the trade and thought the view was awful up. Statistics, issued in London, acknowledgment, has forsome Smith Can you see him on a clear the tariff walls England has built of Great Britain. by universal cute. Was disappointed not to see the statue of Washington or Al show that in 1932 there were 255 months been making steady and day? public and 9,949 private companies gratifying progress. The abun Thanks for all you have done registered, making in all a total dance of short-term money and the of 10,204 concerns, with a cumula-higher prices of securities cume. tive nominal capital of £70,000,000. courage conversion of debts to This movement continued to ex-lower interest rates, while expand. and in 193, for the number of ing trade, both directly and in- public corapanies registered was directly, through its strengthening 330 and private companies 11,064, of confidence, stimulates further giving a total of 11,384, with capital development.

I can be argued that the armed forces of the world are necessary for the preservation of peace and that their cost is therefore not unreasonable. But it must bo adraitted at that same time that if the cause for suspicion between aations were removed, if the cause of fear and hatred and jealousy were eradicated, the noted the intense building activity policy. It accords with an im- ENGLAND AND necessity of these costly armed going on all over the country mense advance in public apprecia. suit off so that he will not dare legions would be gone and the not a town, village or hamlet being tion of the conditions of modern appear on the surface in the LOTTERIES

taak of disarmament advanced to exempt. Between £80,000,000 and business life. The price level of France of ladies.

£100,000,000 a year has been commodities in daily use is re- fruition. Since the League of advanced to finance the building cognized as the measure of stabili 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 ance which are to come before in this task of peace-making, it movement alone has been the maintenance of such stability is the Conservative Party Confer-surely morits the generous medium of providing borrowers the proper objective of monetary

cial. assistance of the powers. It

with almost £1,000,000,000.

policy. should be the first, and not the

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

to provide

This is only one side of the pic cheap and abundant money, prl- and a half, and then decides to a national lottery, facilities for

the funds for their ture. Greater sums have been ex-marily embarked upon for the devote his time towards drinking. contribution to Geneva. If they which are to come up for dis-practise economy in that direction, pended on the creation of new fac-special object of converting nation- and having hin lungs relined. 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 they may find it ultimately & most torics and new plants; units in the al debts to lower interest rates. nation's economic cog which are has been in force consistently for

Another good thing in favour no indication of the official League would not pay for one productive. These operations have policy in maintaining the general don't talk you deaf has played of water polo players is that they 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 question, but the mere fact that

the modernization of industry. In renders production profitable is in more than two games isn't able 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 sufficient to show that it is tries have the consolation of regarded as coming within the knowing that no budget in the sphere of practical politics. The world is more carefully scrutinised system of State lotteries,, Ro

at every turn than that of the League,, and that there is little common to Continental coun-

room for waste at Geneva. All tries, has always been frowned the League's activities, spreading upon by certain groups at Home, to be carried-out-at-a total annual to every part of the world, have the argument of those who cost of about one-seventh the cost oppose such a method of raising of a single battleship. From the fact that the newly published revenue being that it tends to audited necounts show a surplus spread the spirit of gambling at the end of 1933 amounting to and that the State should not nearly 1,200,000 gold francs. it have resort to such sources in may be deduced that those who are responsible for League expendi- secking to implement its income. ture have done their job well. As A point which is conveniently a matter of fact, this result is all

the more creditable in view of the aggregate nominal capital of £100,- Thus the flow of business runs Misa G. Rose forgotten, however, is that the unusual dificulties experienced in000,000. 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: able revenue from betting taxes. League from its states-members. will travel considerably higher, for Anda its way into industry. The

We are having a wonder- Exchange difficulties, of course, this business development is in-supply of an adequate quantity of fui 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 legal is n tacit admission by the lantions and busincas concerns in covery,

in restoring trade and employment neglecting my reading either. 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 Lengue. Countries One of the most amazing supply is certain to restrict them. bored. Shakespeare is so full of and, recognising that point, the have not found it easy to pay their changes the years have wrought Home Government sees no rea-contributions in the gold currency in national psychology has relation new-found independence in mone- son why those who indulge in which can be used by the Longue. to saving. The need of thrift has tary affairs."

It is not surprising, in the cir- the practice should not contri- cumstances, that some 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, that this was a "temporary state. With the improve- there can be no questioning the of affairs".

ment in trade and more settled point that, human nature being conditions, financial worrice may what it is, gambling would, still be lightened very speedily. The persist. There is, actually, had to wait long for a good pro- League, in point of fact, has not good deal of hypocrisy and cant portion of the money owing to it. on this question of lotteries; the Early in 1934, outstanding amounts Continental attitude is certainly began to roll into the Geneva more frank and logical. The coffers and, of course, current eon- continued popularity of the Irish tributions are being paid na well. Hospital. Sweepstakes, despite The League la net yet in danger the obstacles which are placed in afford to lose a penny of the con

of bankruptcy, but it cannot their way in England, is further tributions due it. Nor can the proof of the point that the world afford not to pay its Genova gambling instinct will find 'n | chits.

means of expressing itself. The

fact may be regretted, but it is

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 drawings. Something along factors influencing the Conserva- [these lines would no doubt make tives to toy with the national a 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 n demand locally that Hong- element which reflects what is kong should come into linc. |popularly known as the Noncon- With indications that the public formist Conscience. Another will subscribe at least $80,000 to which has no more than one the Plerile Bay Sweepstake,

LANE, CRAWFORD, LTD. |ccasion boon advocated in Eng- Hongkong's predisposition to

Phone 28151

Six Lince.

land is the premium bond plan, indulge in a mild “flutter" In the in which investors are content hope of personal gain is estab to take a low rate of interest.by.lished beyond all doubt!

*

Mrs. Clay S

((signed) ́

Says Who?..

Racquet Lake, Maine

July 23rd, 1934.

These are the first fruits of our quotations..

Love,

Janet M-

(signed)

灞

"As I explained to the boss, it's just till my husband gets back

home."

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

Under separate cover I am sonding 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 so I can collect from the authors.

Mrs. Stanley A—.

(signed). Hollywood, Calif.

Chance My 'Pinion. Mista Johnson:

I received dat quarter you bar- rowed, from me last year, but you dono kop it so long, I don't no ite woth while for mo to change my opinion of you jus for 2 bits.

. Carolina. (signed),

How About The Interest? War Dopartment, Hongkong.

Gentlemen:

While serving in the army 48 years ago I took for myself o blanket, which belonged to the Government.

Enclosed you will find $2.00. to cover this amount.

Yours,

Emanuel S

(Signed)