1935-04-13 — Page 6

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THE

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The

Thongkong Telegraph.

SATURDAY, APRIL 13, 1035.

SATURDAY,

NOTES OF THE DAY

| TURNING TO'COLD

China has been virtually driven off the silver standard, and, though It may seen an odd sort of pro diction, ohe of the foremost American. economista says she is heading for a form of gold standard. In vlow of the al- together unsettled state of financial affairs, particuarly the rising silver price and the rumour of a con- sequent embargo upon China's silver, the opinions of Mr. E. W. Kemmerer, of Princeton Univer- sity, are of interest, Mr. Kem merer, it will be remembered, was President of the American Com- mission of Financial Exports to China, in 1929. He was recently asked to analyse the probable course of the world silver market and give a glance at the future polley of China if the silver standard was abandoned. China, le pointed out, had been on the sliver standard for centuries and | until 1934 had been for many years the only Important country In the world that remained on the silver standard. China gave up the silver standard, strictly speaking,

short time ago when she imposed henvy takes and other Destrictions on the exportation of aliver.

ENFORCED SURRENDER.

This giving up of silver had been practically forced upon China by the silver policy of the United adopted American policy of accum- Ialing and maintaining one-fourth of the metallic money stock of the United States in the form of silver, which resulted in the purchase by the government Inst year and its accumulation in useless monetary reserves of silver équivalent to twelve times the American produc- tion for the year," and which ultimately will probably require silver purchases equivalent to the world's entire production for at lenst six years at recent rates-- this policy is pushing up strongly the world price of silver. It in- I promises to continue to do so for years to come, suys Mr. Kemmerer,

Stales Government. The recently

THE POWERS AND GERMANY

As the whole structure of

APRIL 13, 1935.

Our King

and

Queen

their Silver Jubilee

George and Clarence

THE closest friend in the early To-day's picture is one of the life of Prince George was his few taken of the two brothers It shows Prince ternational relations rests on Moreover, when it is discontinued brother, Prince Albert Victor, together.

the George (right) as a naval lieu- tenant, the Duke of Clarence in

and the resulting accumulated Duke of Clarence, heir to hoards of dead silver in govern- back upon the market and there- ment vaults threaten to be thrown throne, fore overhang the silver market as

respect for obligations under taken, it is easy to understand and appreciate French anxiety over Germany's continued in- fringement of the Versailles Treaty, the more so when we bear in mind the point that France is definitely suspicious of German intentions. Italy also feels keenly on the point, and it DAMAGE TO CHINA is apparent from the latest news

The two young men, greatly army uniform. The picture was taken in 1887, just five years the large ailver reserves of India different in temperament, never-

before the untimely death of have been doing in recent years.theless were true companions. there will probably be a slump in the value of silver.

great

Prince Albert Victor, in January, Vigorous, active. always alert and quick-witted, Prince 1892. His death perhaps played George's impetuosity was bal- part in changing history; certainly it changed suddenly anced and held in check by the

Ithe course of life for Prince strongly favour definite stopsilver due to this American silver

The present rise in the value of calm sobriety of his elder George. being taken to prevent the situa-policy has been pushing up strong brother, seventeen months his tion from degenerating to a ly the value of silver money in senior. Prince George worship: Seldom lind anyone allowed point threatening their security.China. which means lowering Britain is seemingly exercising commodity prices in China, in-ped his brother and had great himself to think of George as her influence along lines cai-creasing the burden of hil debts of respect for his judgment. King. It was always Albert culated to case matters rather the Chinese people, and doing great

darago-to-China's

d's-export-trade.- Both lads started school_to-Victor. Now George was the

to hand that both these nations

come if

L

BULLS AND INNERS

ย

-

☐

From the Office Butts

A local medico says too many quacks are permitted to practice in Ilongkong. Unorthodoce!

о ☐

An engagement was announced " recently at a Hongkong Bridga party. Needless to

ay, hearts were trumps.

O 口

A scientist asks people to con- sider what we owe to electricity. One glance at the meter in auf- ficient.

At a time. when world 0000- to mists are trying to find wayN raiso prices, mont of us are seek Ing means to ralso cash,

111

D

Saya

it's

A football wrlier nothing less than a crime to miss open goal. Persistent trans. gression in this respect has sen- tenced many a team to twelve months in the Second Division.

យ

Undue slimming is said to make women melancholy. It reduces them to tears, in fact.

D

៨

22

Thieves recently took away batch of regimental music. They stole a march.

ជ

American velerana are wonder- ing why they were called dough- boya in the Great War, unless it of their de- was in anticipation mand for the bonus.

a

D

The worst thing about the Greek revolt was that it didn't inst hardly long enough to enable us to learn the correct pronunciation of some of the Generala' names.

C

Another set-back to disarma- ment-hat-pins are to return.

☐

counts, tho If cheerfulness bride's father is usually the beat man at a wedding.

口

As the possessor of twenty-four tho 110W boy State umbrellas,

a card-index file to keep track of King of Slam will have to operato

口 ᄆ the borrowers.

A ply was blown overboard during a recont gale near Hanol. It must have been a regular sow- westor!

The trouble is not that many motorists couldn't pass a driving test, but that they will try to pass everything else in sight.

O

The Rumans are said to

have

been fond of eard games. Yes, wo

seem to remember reading some

thing about Horatius and

bridge party.

口 O

his

than otherwise; and, accordingly. It also means that for years together, and both went into the righttul heir to the throne; in a is prepared to give Germany S. MOUTRIE & CO., LTD. every opportunity of establish- nains on the silver standard, would Navy at the same time. As mid-few years must he be taught all

ing her bona fides. Under the be largely at the mercy of the Locarno Treaty, Britain has cer- politically motivated silver pure shipmen they joined the H.MS. that his brother had learned tain definite commitments on the chases (and, subsequently, the Bacchante for £1 Continent, although this docu- liver sales) of the United States cruise that took them more than life.

three-year throughout the 27 years of his ment gives her wide discretion-Government. This would be an in-

Then there was the motorist who ary powers concerning possible tolerable situation for any nation. 50,000 miles, during which they action. There is, according to The United States, therefore, is

Meanwhile life was very en-was told his new car would climb called at Hongkong. They!

anything and tried it on latest advices, no diaposition on forcing China to give up the silver

the two bosom lamp-post! the part of the British Govern- standard is not at all well adapted rank of midshipmen, in 1883.

standard. A managed currency visited Canada, still holding the joyable to ment to recede from these to the needs of China and to the

brothers. obligations, but before consider characteristics of ing the taking of further steps, people. If adopted, it will probably which might go beyond any-prove to be but a stepping stone to thing hitherto contemplated, it the permanent adoption by Chins is felt that the precise aims and of some form of the gold standard. objects of German polley should

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BY

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SEE

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BEACH TOGS

EXCHANCE BUILDING,

SUCH AS

SUN SUITS

SHORTS

SLACKS

BANDANAS

BATHING SUITS

CAPS, ETC.

be further explored. It is this...

the Chinese

attitude no doubt which has BRITAIN'S FOREIGN TRADE been the determining factor in the desire to call Germany into conference in further talks the position of

In 1934 Great Britain regained being the first at Stresa. What now remains exporting country in the world. to be seen is whether Germany The value of her exports increased is prepared to show evidence of £30,000,000 over that of 1933, readiness to make a definite con- during which year the first rlae tribution, in association with from the low levels of the slump other Powers, towards the at- hnd appeared-a small increase of signa of tainment of general European $3,000,000. The first security: Thus the next move years ago were visible only in the returning prosperity in Britain two lies with Berlin,, and the im-home market. Since then there portance of Germany's attitude has been a slow but continuous on this question cannot be over rebuilding of her exports to foreign stated; the whole future of countries. But there can be llifle Europe may well depend on it. hope of Great Britain's or any In putting forward a. demand other country's getting back to the that economic and financial, 1920 level until trade restrictions penalties be imposed on Ger- are removed. Restrictions produce many in the event of further in-restrictions, and there appears no fringement of treaty under-escape from the vicious circle. takings, France is taking a very True, Great Britain has succeed-

making agreements realistic stand. It is a logical various countries which increase stand, also: A point which sug- special kinds of trade, and it is gests itself, however, is whether mainly in consequence of this ex- It is politic at the moment. to tension of the area of freer trade contemplate the possibility of that Britain has been able to in- the altuation worsening-whe- crease its exports. World recovery ther the best interests of allies in wider and fuller recognition of the facts implied in this experi- concerned will not be best sorved by refraining from netiön until Germany has disclosed in more definite manner than hitherto It is this possibility which in- the likely trend of her further vests the outlook with so much politics. At the same time, it concern and anxiety. In the is impossible to view with com-face of such a danger, it is at placency the prospect of Ger- any rate reassuring to feel that many, or any other nation, play- there is evidence of a unity of ing drakes and ducks with viewpoint amongst the former obligations solemnly undertaken. Allies,

ed 'in

ence.

*

with

"You bettor hang up, f her mother answers the phone."

the

Incredible feats are said to be the winter performed during sports Renson in Switzerland. Well, wkling is believing.

Some people are always trying to be different. A woman who is 106, didn't celebrate her birthday by taking her first Aneroplano trip: and she can't read fine print with out glasses.

ជ

ព

Sun's rays are said to spoil radio reception. But it's no better at night, when these crooners go on the nir.

0

A social survey shows that poor children fight oftener than rich kiddles. Perhaps things would im prove if poor parents got better governesses for their young.

·0

American women get $930,000,-. 000 alimony annually, Cupid' seems to be giving way to cupidity.

O

ם

France is considering a law that would provide for one vote per family, thoreby dlafranchising. most of the men.

ຕ

"Tow-Path Flappers." Tho benu-tracing season,

ព 口 Hairdressors Conference agreed that most women will be bald, in the next century. Too late to help the poor guy who comes home, now with a blond hair on his coat.

口

"Golden Miller was the most popular Grand National favourite for yenre," anys a sports writer. The darling of the odds.