1935-07-15 — Page 18

Acts like a Charm.

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SEVEN ATTRACTIVE DANCE RECORDS FROM THE "H.M.V." JULY RELEASE.

BD-157 Gentleman, The King-Fox Trot

Life Begins Again-Fox Trot

BD-161 Dancing in a Dream-Fox Trot

Lonely Linden Tree-Fox Trot

BD-162

Jack Hylton & His Orchestra

Jack Hylton & His Orchestra.

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NOTES OF THE DAY

NEW MAN-NEW HOPE

JULY 15, 1935:

AUSTRIAN REPUBLIC

new

DEMOLISHED?

BY FRANCIS GUNTHER

history

of the new Corporative State.

text

*

The Very Idea!

STABILISATION

Kelly Tries His Hand At

High Finance ·

(By Eddie Kelly, Silver Bloc-head). Mir. Edward Kelly, the well- M

known financial wizard, has decided to issue a clarion call or two to the Hongkong public to rally round and help him wolve the silver problem."

The change in the British Cabinet is more than a tweedledum- tweedledee affair. There is a new occupant of the Foreign Office, Sir

Vienna. the Government has only Itself to Samuel Hoare. Of his measure in {THE Austrian Government has blame.

Tissted

It must be clearly kept in mind foreign affairs none can speak with certainty. But a now broom always books for its grade schoolchildren, that the Social-Democratic Party In the last chapter the World War always placed the emphasis on the sweeps clean, and there can be no doubt that on this account alone is dismissed in a few lines, The "Democratic," not on the "Social" It believed in the shift is of considerable signi- abdication of Kaiser Karl in ia or "Socialist." ficance in Aglo-American relations, mented for half a page. The ac-democracy, in free speech, in free Bays an American commentator, count then dwells on the patriotic assembly. It lived for that be Under the old regime several mis services of Chancellors Soipel and lief, it died for that belief.

The fact that Hongkong's cur- understandings had arisen.. They Dollfuss and closes on the glories

In 1918, for a brief period, the all revolved around the head of Sir

rency is in deplorable state has Not a single word te mentioned of Social-Democratic Party had con- John Simon for his handling of the the Austrian Republic. This Re-trol of the country. It could have

been brought to his attention lately by two incidents. The first Manchurian affair. Several times

public, which from 1918 to 1934, a declared a dictatorship of the pro-

concerns a forged $100 he has the American State Department

was ahetariat.. It could have dissolved been trying to dispose of. The found itself mistaken when a com- period of sixteen years,

wecond Incident but perhaps model of democratic government, the Christian-Social Party. It mon line of action had aceminglyne close to the ideal Platonic Re- could have dissolved all other

you'd better hear what Mr. Kelly been inld down. Whatever the

has to say himself. parties. Even as late as 1933, when free elections gave it 50 per PEAKING from the cent, of the country, it could, by a

depths of experience we snap of the fingers, have wiped out the Heimwher and put Prince think that the more we think von Starhemberg in a concentra of Hongkong's silver prob- But it did none of these things-lem the less we should think because they were not democratic about it. .... Well, those days are over.

ANGLO-AMERICANISM

his

tion camp.

Nowadays, even Otto Bauer, for

years the conservative leader of the Social-Democratic Party and its bulwark against the inronda of Communism; nowadays even of Dr. Bauer thunders in his article

We refer, of course, to our chopped dollar.

merits or demerits of the mis-public as the world has ever seen, understanding, it cut deep, and is thus obliterated.

Under the Republic Austria sur none knows better than the observer on the American side of the Atlantic mounted the hard, lean after-war how wise Mr. Baldwin has been in years. Under the Republic, which was not Socialist but was de- the manner of his office sweeping.

mocratic, เล capital, Vienna, which was both Socialist and democratic, became the world's first city in the housing and care of its citizens, ia the health and In this connection Sir Samuel education of its youth, In that free takes up

his portfolio at a time expression of the human spirit

What this Colony needs is when Mr. Baldwin has reaffirmed which is the only basis of culture, Anglo-Americanism. Нін The upkeep of that culture and

an expert to guard its cur- friendly reference 10 the that Republle acon became unbear.

rency. Like us, for instance. United States WILM promptly able to the former privileged in the illegal 'Arbeiter Zeitung: reciproented in Washington. classes, accustomed for centuries "The days of February, 1934, have First thing we'd do would be Stubbs Rd. For the niumunt

collaboration to think of organised society in taught us an impressive lesson. At to visit all the shops that chop 15 In the reaim of gesture. terma of private profit, not of that time we burled not only our dollars. We'd close up their America awalts a settlement of municipal gardens. When is dead, but also our errors and chops. This would teach them

A whole epoch In the European troubles in the hope that class again manoeuvred itself into illusions. the nations will once again be able power and gained control of the history of the Austrian working not to metal with our silver

end. coins, to sit around a disarmament table. Government, the Republic was class movement came to an America will hardly be much in- doomed.

The Austrian workers believed Silver is obtained in veins and terested until that hope returns. A year age the Austrian Govern- that Socialism could be realised my seams, by miners who labour in As for an American place in any ment, to the amazed horror of the democracy, in peace. The Fas-vein. How vein it scams.

shot democracy to collective security system, that at whole civilised world, trained cists have present is not practical politics, but machine guns and artillery on pleces. They have taught the the United States, may soon bb their own citizens; barricaded in Austrian workers that there is no ready with a negative, if not a model flats suddenly turned into other choice: either the dictator- JAPAN AND CHINA

positive, contribution. Six months fortresses, and when they refused shit of Fascism, or the dictator ngo Mr. Baldwin said that he would to surrender, fred,

ship of the proletarint."

If we were appointed financial never consent to the use of the

Whether or not one agrees that The Government patched up the

would stabilise the Sir Samuel Hoare's declaration British Navy as a League police hundreds of artillery holes that there actually is no other choice, expert t

If the Happy Valley stables in the House of Commons a few man till he knew what America gaped in the facades of the mani- whether or not one would find the dollar, days ago Far Eastern would do. The risk was too great. cipal tenements. But the artillery one dictatorship as odious as the weren't big enough we'd put the stability largely depends on the What he meant was that he did holes in the minds of the papula-other, the fact remains that it is remainder in

not wish to ace any entanglementtion the Government have not suc- the Austrian Government that has Y.M.C.A. establishment of good relations with an Amerien engaged in assert. ceeded in patching up. These are driven between China and Japan serves ing its neutral rights to trade in still gaping, to bring to mind one of the out-wartime. America, however, is standing factors preventing the showing every disposition to with-

draw such insistence.

The

Teddy Joyce & His Orchestra. Longkong Telegraph.

Teddy Joyce & His Orchestra. Rose of Italy-Fox Trat..Teddy Joyce & His Orchestra. Friends-Waltz........ Teddy Joyce & His Orchestra, BD-163 Olga Pulloffski-Comedy Waltz

Jack Hylton & His Orchestra. Zing: Went the strings of my Heart-Fox Trot

(From "Gay Deceivers") Jack Hylton & His Orchestra, BD-164 The Girl with the Dreamy Eyes-Fox Trot

Orchids to My Lady-Fox Trot

BD-165 Paper Hat Brigade-Fox Trot

The Bridal Waltz-Waltz

་

BD-166 Scronade-Rumba Fox Trot

Jack Jackson & His Orchestra. It happened in the Moonlight-Fox Trot

Jack Jackson & His Orchestra Also an interesting selection of vocal and Instrumental Records,

MONDAY, JULY 16, 1935.

that

attainment of accord. We refer

Austria.

•

I

Of that there is not Ostmark Storm Troops, priests,

2. The New Communist Party of }

A lot of these financial experts who, come to Hongkong reckon we should tie the dollar to sterling. Ticing it, however, would be a knotty problem.

our room at the

In order to overcome this Ameri-

S. MOUTRIE & CO., LTD. rapprochement can be expected. realms, has quished a verdict of: 3. The New Schutzbund (Re-bitterly composed in exile by money Prosperity is just around

York Building.

Chater Road.

publican Guard).

5. The Communistic Youth Or

ganisation of Austria, 6. The new.workers' sport and

culture organisations.

7. The Socialistic Workers Aid.

to hand like a handshake, and your chits amounting to $125, make your reserve fund $10. Your reach half a million readers.

Each of the eight revolutionary chits can then amount to $500.

Do something. Remember you. organisations listed above has its own party organ, printed, mimeo-are a cog in a great world-wide

Other lands have tried different the Social-Democratic Jack Hylton & His Orchestra.

Party to this revolutionary slogan. methods. For instance the United It has become the watchword of States tried to cross allver with Jack Hylton & His Orchestra.

Under cover of their artillery the 60 per cent. of Vienna and the the double-engle. When the engle fire the Government dissolved the 40 per cont. of the country that luid ita egg the yolk was bad. "high" finance. Social-Democratic Party.. creator were once absolutely consitutional Hence the term

When the U.S. Treasury omelala Jack Jackson & His Orchestra. to the Japanese demands, re-

if the Republic. But much more and democratic,

Baw the yolk was on them they than that, the Government sur Jack Jackson & His Orchestra.peatedly made of late, that the THE PROOF OF GUILT.

eceded in doing what years of Under the eyes of the secret ser started a silver campaign which anti-Japanese tendencies prevail.

Moscow propaganda falled to do. vice men, spies, stool-pigeons, has been a paign to every one ing in China must be eliminated.sible to maintain that there were dissolved.

Until a few days ago it was pos- The Social-Democratic Party in police, gendarmerie, Heimwehr, since. The extent to which these ten-three classes of exceptions to the the lightest doubt. The Aus- and the Army, the underground can plan what we've got to have le dencies have developed may be a fundamental of English justice that trinn Government may pride itself work of the new revolutionary a Five Year Silver Plan of our matter of opinion, but, however man is to be presumed innocent on the thoroughness of its disorganisations geca

on. Every- own. until he la proved guilty. Now solution.

Let us all lie down and put our thing that a dictatorship can do deeply seated they may be, there there are only two such exceptions. can be little question that they This is the immense constitutional

But out of its ashes have arisen: to stop it, from hanging to con-shoulder to the wheel and pull! 1. The Revolutionary Socialfifs of centration camps. ia done. But We all know that the only people making a dollar or two in these are an effect of a cause which significance of the recent decision

the underground work goes on. of the House of Lords, which, must be removed before any reál sitting as the supreme court of the

Every week, 300,000 copies of the hard days are the counterfeiters. Let us, then, make our own Arbeiter Zeitung, brilliant and

In an English law On this point, the latest issue of wilful murder.

Bauer, one of the great pamphlo- the coiner.

Mass production! If you have a court it is not any part of the ac- 4. The Revolutionary Socialistic teers of our time, slip like fog over The People's Tribune, a journal cused's task to prove himself inno-

reserve fund of $2.50 now to offset youth.

the border. They pass from hand which ably champions China's cent of the accusation brought viewpoint on major questions of against him; his innocence is 88- sumed until the prosecution provea the day, has some pertinent re-his guilt. To this role there are marks to make. "We would two kinds of exception. One is in heartily welcome the disappear-respect of certain classes of 8. The Rote Hilfe (Red Aid). graphed, typed, set between paper Anancial machine, and by pulling | statutory offences, and the other is The Austrian Government was covers marked Cook-book or Krimi-together we will turn the corner. unce of anti-Japanese sentiment where the defence sets up a plen of not 100 per cent. guilty of the nal-Roman. When the police un-which lends to a brighter to-mor. in this country," it remarks, onus of proof lies with the defence. crime of Feb. 12, 1934. Nor were earth one printing-press the work row, always keeping in mind that "and would rejoice to see Japan The third exception, upheld early the Social-Democrats 100 per cent. is done on another.

The old Social-Democratic in 1935, can be upheld no longer. innocent. But for the resultant by recognised

tho Chinese

machine has been It is established that, in cases of fact that the Social-Democratic Party people as a friendly neighbour, homicide, as in most others, inno-Party has turned revolutionary, (Continued on Page 4) with sympathetic understanding cenge is presumed until guilt is of our difficulties and a genuine proved. This is typical of the | British in matters of law. British desire to alleviate our sufferings justice is lenient toward the prison- and assist our progress-but we

Gr. It would rather that nine see no hope of such a happy state of affairs coming about until there is a great change not only feeling that this attitude muy in China's outlook, but in that of And on the American Continent, tend to encourage wrong-doing. Japan, as so plainly expressed by where the vastness of the area in her polley since 1931. The which criminals muy operate and spectacle of armed men of an a mixed population and antiquated hide, and where frontier traditions,

alien race watching vigilantlylaws make problems which British for what they consider to be law enforcers do not have, such hostile tendencies' is not caleu-Great Britain, however, the exact |

doubts may have some basis. In lated to promote the friendship opposite is the case. Since every they profess to be anxious to prisoner is assured of a fair trial establish, nor do memories of in a British court, there is at any rate none of that false romance 1931-32 provide quite the right about lawbreakers which is one kind of atmosphere for tenden-cbstacle to administration of justice, cles otherwise than hostile to in the United States. develop." This brings the main

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guilty people escaped than that one

innocent man were punished. To- day In the United States there is

source of trouble between the China's leaders are not by, any two countries down to realities. Imeans 'indisposed to come to In view of past encroachments a better understanding with her territorial, integrity, Japan. But no settlement is China's resentment against possible with one side making all Japan's penetration is quite the concessions. Japan has aļ understandable, and the situa- first-class opportunity of show- tion is certainly not helped by ing to the world that she really constant threats of force. aims at that peaceful and lasting. Friendship cannot be built up on adjustment of Far Eastern fric- such a basis. If Japan considers tion which her statesmen have that she has a grievance against repeatedly professed in recent China, it is the essence of states- times. The whole world will

LANE, CRAWFORD, LTD. manship to endeavour to dia- await her reaction to the appeals

Phone, 28151..

cover the underlying causes and being mado from many quarters Exchange Building.seck their removal. There are that sho should base her China indications at the moment that policy on goodwill and concord...

"It seems you can't depend on anything. I was counting on

that chain letter money to help out on my vacation."

re

there is no cloud without a silver lining, and it' is may darkest before the dawn.

We could go on like this" for hours and hours (hours is a Tiger beer), but the Editor wants us to getting going with our stabilisa- tion scheme.

The whole question of stabilisa- tion hinges on the incidence of gold-silver exchange risks between Hongkong on the one hand and other Allver currency centres. Actually, the only things necessary to take into consideration are the gold standard, price of silver, moratoriums, pegging the ex- change. international currency stabilisation, supply and demand, exports and imports, government and private debts, interest on pri- vate investments, the demonetisa- tion of silvor and a few other odds. and enda.

It will be plainly seen that with material like that, any man who couldn't evolve system which would defy all human comprehension except his own must be a bit dull.

.

Now, you ask us, what is this system of stabilisation we recom- mend

Well, you know that the most important matter to be considered In determining the desirability or otherwise of changing Hongkong currency to a fixed standard, peg- ged to either sterling or gold, is the effect which such ■ change would have on the trade and finan- cial business of the Colony,

{"Xc8.")

First of all, then, we must con- sider certain fundamental, defects in our currency system. The chief one is that while there is an-auto- matic contraction of the volume of the currency as soon as its ex- change value drops to the lower bullion point, there is no satisfaç- tory automatic method of expand- (Continued on Page 5)

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