1934-10-15 — Page 14

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THE HONGKONG

STRONG CASE FOR SILVER

CIVILISATION

AT STAKE:

NEEDED AS LEGAL

TENDER

An illustrated pamphlet entitled "Silver Money: The Case for Ital Restoration," contains what is do- scribed as a "precis of some of the world's most authoritative opinion" on this aspect of the monetary question.

There is a foreword by Lord Desborough, K.G., G.C.V.O.; Lord Greenway, Lord Hunsdon, Sir Honrl Deterding, K.B.E., and Str Montagu de P. Wobb. C.L.E., C.B.E.. In which it is stated:

"The principal argument In favour of gold is that the great prosperity of this country in the middie of last century waii achieved under the single gold! standard. But it is not realised that the world, and this country of course with it, was working under the Bimetallic-system, which main- tained a parity between the two metals during the whole of that period.

**Since 1873, after the closing of the French and American minta to silver, this country seems to have lost no opportunity of fur-)

It ther depreciating that metal. closed the mints in India to silver, it debased our silver token coin- nge, and still presses the surplus stock of rupees on the market; with the result that silver-using countries are hindered from buy- ing our goods and the growth of local manufactures in those coun- tries is greatly stimulated...

EAST VS. WEST

"It would seem that some of the leaders of business, banking, and mercantile opinion in Great Brit-

TELEGRAPH. MONDAY,

TWEED LINES

Autumn Styled Black And White Suit

WORN WITH BERET

"Tweed Lines". The new tweeds are, if anything, lighter and more supple than ever". fiere in a black and white suit, worn with a white quill.

TO MEND CHINA

OCTOBER 15, 1934.)

CATHEDRALS ON DOLE

FINANCIAL HELP ESSENTIAL

POLYDOR RECORDS.

YOU MUST HEAR THESE RECORDS TO APPRECIATE THEIR ALL-ROUND EXCELLENCE AND LOW PRICE, CA8069/79: MISSA SOLEMNIS (Op. 123), Beothavan,

Bruno Kittel Choir & Berlin State Op. Orch. CA80Z4,

CARO MIO BEN. Giordani.

Heinrich Schlusnus. Baritano. (With Organ Accompaniment)

CAPRICCIO ESPAGNOLE. (Op. 34)

Rimsky-Korsakov, Lamoureux Orch. of Paris

Fantasia.

BRITAIN RESPONDS TO APPEAL

London, Sept. 25. Soven of Great Britain's historic cathedrals are "on the dole," ac cording to the latest report of the Cathedral Commissioners for Eng- land.

LARGO. (Xerxos) Handel..

CA8095/6.

LY6015.

CAB034.

MADAM BUTTERFLY.

LY6035.

These world-famed buildings, visited annually by thousands from abroad, were vorging on bankruptcy when the Church Assembly recent-CA8000/03. ly voted £18,000 a

year for ten

years to steer them off the financial rocke. It is catimated that the which a income оп minimum cathedral can get along is £9,000 n year. Several were living on an average Income of little more than £6,000.

}

The seven cathedrals hardest hit by reduced incomes during the last year or two are Carlisle, Chichester, Lichfield, Peterborough, Ripon, Sallsbury and Wells. None thear buildings is less than 600 years old.

Chichester's income during the last few years has averaged less than £6,000, much below the sum reckoned by the Cathedral Commis- sioners A minimum "living Wage" for a cathedral. Peter- borough's income of less than £6,000 will probably suffer further reduction this year. During the last 30

the cathedral years authorities at Peterborough have only been able to keep the fabric from collapsing by raising £100,000 in public subscriptions.

The precarious financial condi

al have now realised that the PROKEN chins can be quite suetion of many British cathedrala is great economic struggle of the Bcessfully mended at home, attributed in the main to agricul immidiate future is going to be Vases, ornamental plates, figures, tural depression in this country. East versus West; and that the etc, can be repaired with an almost Most cathedrals depend, to a large East, with its many hundreds of invisthle mending as long, of extent for their income on revenue

millions of alert, industrious and

course, as the pieces have been derived from the lands they own. willing workers, armed with cheap carefully retained. Strong liquid The withholding of tithes which the but effective silver money tools, glue for this purpose can now he cathedrals cannot collect has also are formidable competitors whom bought in tubes for a few pence.had E serious effect on their it will be extremely dificult to The first thing to make sure of is finances. meet successfully unless Great that the edges to be joined together

Britain and the West also employ are thoroughly clean. They should year "dele" by the Church Assembly The granting of the £18,000 « in addition to their present mone be washed in hot water, and if has ensed the financial worries of tary weapon the same cheap any previous attempt at mending

still have an income below the

monetary tools, and restore silver has been unsuccessfully made, they the cathedrals, though several will to the position that it has occupied should be scrubbed with a nail £9,000 danger line-United Press. throughout the ages."

brush dipped in strong soda water. Summarising the opinions given! When the edges are dry handle

in the pamphlet, the case for the them na little as possible. Apply restoration of silver as full legal the liquid glue to the edges, seeing SOVIET GANGSTERS

of the china are! tender money, and as one of the that all parts Backings of the paper currencies evenly covered but being careful i

SHOT TO DEATH

of Europe and America, Is stated not to use too much. Then the!

several to rest on the following facts:-glue should be left for

"World conditions have greatly minutes until it is apparently al- changed since the Great War; and, most dry. Then the edges should QUICK JUSTICE FOR

DESPERADOES to-day, are wholly different from be firmly pressed together and held so for a few minutes. When it is those of last century.

apparent that the edges are bind-i

Leningrad, Oct. 10. "Silver is now of greater iming together, rest the article down portance than gold; for whereas in such a way that there is no activities mildly rivalled those of A bandit gang whose terroristic old as currency has virtually dis strain on the join. Leave it for the late John Dillinger in America: appeared being unstable), silver twenty-four hours and then remove, has just been found guilty by a money is a necessity in the East, with a knife blade if necessary, any Soviet court.

in the Tropica, and in certain other surplus of glue that may have been parts of the world. Silver money squeezed out of the join.

is to-day legal tender without

mit in China, with a population,

say. 450,000,000; in India, popula- cent years; which means tion, 350,000,000; in the U.S.A.. (a) Greater competing power by population, 125,000,000, not to the East in selling its raw pro- mention. Mexico and other coun- ducts. tries.

GREATER STABILITY,

The legalising of silver and gold together as world-money would raise world prices, and even tually make a mere stable stand ard of valve, i... greater stability of prices, than gold alone would or could.

Berlin State Opera Orch.

NOCTURNE IN E FLAT MAJOR,

Op. 9, No. 2. Chopin.. WALTZ IN A FLAT MAJOR; Op. 34, No. 1. Chopin..

Alexander Brailowsky, Pianoforte.

BENEDICTUS, Op. 59, No. 9. Roger. GLORIA IN EXCELSIS DEO, Op. 59, No. 8. Roger..

Vicar Paul Hobestroit, at the organ of Paderborn Cathedral, HANSEL AND GRETEL. (Humperdinck),

The abridged opera, by members of The Berlin State Opera, with Chorus and Orch.

A CATALOGUE OF OUR STOCK OF POLYDOR RECORDS IS NOW AVAILABLE. LET US HAVE YOUR ADDRESS AND WE WILL MAIL YOU A COPY IMMEDIATELY.

TSANG FOOK PIANO Co.

9. Ice House Street, Hong Kong.

USE ELECTRIC CHROMIC NEEDLES WITH YOUR PICK-UP

OUR BRITISH CROSSWORDS

Acrona

1 Use my pond вал медля

concealment,

G Kind.

R Not too transparent.

10 Bully.

11 Secure yet speedy,

12 Are (rev.).

of

13 The architect whose father gave

hin-the-bird,

16 I'd seven, but one anagram, 17 Tantamount.

22 It's a good way off and would be 118 Strange, but I drew for ft.

20 Easily led. Lead is.

Just as far if it were shorter. “ Cordial.

24 Heroic narrative, essentially

mere pose.

The gang of three men, harden- 28 Just a "pint net" (anag). ed criminals who had just been re- (29 I neither wish to play this instrument, "nor do no” (aring.). leased from a labour camp, recruit- ed a fourth member, an 18-year-old 30 The Devil goes back.

31 Scattering. boy, and resumed their old trade.

Down

'First they robbed a State brend (b) Reduced ability on the part store, escaping with 8.000 roubles. of the East to buy Western manu- This was soon spent on drink and Then the bandits locked women, factures as largely ns before.

(c) A strong stimulus to the around for new treasure." East to build up its own manu- . They decided to hold up a wine facturing industries with cheap store. After waiting outside until labour, cheap money, and the the cashier started to the bank, the latest modern mechinery.

gang knocked her down and tried (d) Severe competition by the to escape with her brief-case, which East in all the markets of the contained 5,000 roubles. But the world."

cashier's cries brought a policeman corporate silver In world's the girl were wounded, but a crowd. supply of legal tender money may closed in around the fighters and "Western anti-silver legislation, jeopardise and possibly wreck held the bandits. whilst depressing the gold price Western civilisation."

"The raising of the gold price of silver would greatly increase The continued neglect to in running to the scene. Both he and the purchasing power of India and all silver-using countries.

the

Soviet Justice was fast and firm.

of silver, has not lessened pro tanto The pamphlet, to which a num- its value, i.c., its purchasing power, ber of striking Illustrations are The three adult leaders of the gang "In other words. wages and contributed by Lady Rolleston, were sentenced to be shot. The fixed charges in the East (paid in will be read with interest by youth was given three years in silver) have little varied in re-students of monetary problems.

1 This spirit is potent.

-2 Pleased in a way to have panned

awny.

3 —and drabs (but only one).

4 Tent.

t

о

merry, merry little eel, grasshopper if you will.

.or

6 It's something between a sharp and a flat-not blessed with much sense, anyway.

7 Diminution.

M

ASSEUR R. SHIMIDZU ASSEUSE S. KISAKI

0 When dropping is reprehensible. 14 Descrt. One

would

naturally expect to find an emptiness here. 16 Drink that makes you laugh. 10 Encourage.

18 Furniture is what it is.

19 Said, maybe, when the spirit is

weakened.

20 Bargains.

21 Wicked.

125-Mar-

الأحد

20 What a work one has to get out

of the soup, sometimes.

27 Role (anag.).

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