1937-03-18 — Page 10

THE HONGKONG TELEGRAPH.

THURSDAY,`` MARCH

18, 1937.

WHITE PAPER ON DEFENCE

HOW BRITAIN WILL

UTILISE FUNDS

Continued from Page J.

ters In many districts hitherto largely uurecruited, in addition to the moderal- sation and in some instances entire re- placement of existing dell latis-New- and more afficient types of guns are ba.. ing manufactured, fogether with large numbers of searchlights and other oqulp- ment, and renerves of ammunition are belag accumulated.

Halloons and equipment for balloon barrages are being manufactured. Pinns are being made to ensure that the or- ganisation for air defence will be read- Ity adaptable to meet whatever type of air attack this country might be called upon to face.

31, Amongst arrangements for the protection of the elvil population against and of respiratore air raids, stocks other equipment are being sccumulated to provide against the contingency Kn attack.

of

The preparation of local schemes of alr raid precautions and the organbo- ion of the necessary personnel for air raid services are now being undertaken on an increasing scale throughout the country,

ANTI-GAS MEASURES

His Majesty's Government have under- taken to provide instruction at the police and ther personnel an as to make them capable of acting as Instructors in anti- Uno RAK NINAren in their own areas. anti-gan school has been in operation for almost a year, and in order to copo with increasing requirements in this rostiert a second school is now being ea- tablicbril

36. The fire risks from Incendiary bombs dropped from aeroplanes present a problem which is beyond the capacity of normal peace timo fire brigade or- garisations. Arrangements are being anned to accumulate the additional Arefighting appliances roquired to meet the risk and to train reserve personnel.

30. The defence of our oversea hauek almo require addklans to meet the menace of attack from the air, and increased protection will be provided at important porte abroad in the form uf Anti-aircraft batteries and search- lights.

of

In addition, the modernisation cuant defenere at home and abroad will Involve considerable expenditure.

VIII

ESSENTIAL CHARACTER OF THE PROGRAMME

“TELEGRAPH'S" ́NEW FILM SERIAL

"Lloyd's of London" is a film which is shortly to be preso ntód at the Queen's Theatre. To-day appears another instalment of the full story of the episodes in the life of the great corporation on which the film is based. It is a narrativo of much interest in itself and is oppropriately made public at a time when the prosentation of the film in Hongkong la soon to be mado.

37. It will he soon that the program. ine which must be carried out before our defences can be restored to a laval of anfety covers a wide range. It includes the provision of great quantities of material for all three Hervices, in the töem 61 ekipo, guns and “mamunition. aeroplanes, tanks ́and equipment of all types.

to.

Ralso involven large additiona the personnel of the Barvices, and heavy expenditure on the purchase of tand and the protlion of buildings, barracks, workshops and arsenals.

18. To enable this programing to he carried to a rucconful conclusion, ar- rangements must be made with indus- its far the extersion of its capacity to supply munitions for the Defence Shr- vices.

A FORMIDABLE TASK The development of air power hus raised entirely new problems of defence both at home and abrom,, requiring not only increased quantities of the obvious defensive weapons and equip- ment, but also a cretula amount of re- "listribution and disperant of resources, all of which naturally adds to the cost. 30. From the outline bere sketched the formidable nature of the task confronting His Majorty's “Government is apparent Bince they first embarked upon it, the conditions" which governed its extent and pace cannot be said to ¦ have become more favourable, and st present at any rate there,would in the view of ills Majesty's Government be no justification for any reduction op slowing down of the programme.

It is their firm belief that in the form here presented it is a contribus tion Indispensable to peace, and one which it in the duty of the people of this country to make.

IX

TOTAL COST OF DEFENCE MUCH LESS THAN- £1,500 MILLIONS

40. As stated in the Memorandum on the proposed Resolution dated Feb. 11, 1937 (Cind. 6968), it is not practicablo to state the total cost of a programme which it is intended to spread over a per of years, and which will neces- Harily be subject to substantial modin- entions as conditions change.

Nevertheless, some indication now be given of the order of magni- tude of the expenditure which must, be contemplated.

can

41. Taking into account the rapid growth of defence expenditure in the last two years, and the fact that en Appreciable time necesarily

olapsen between the dato when increas Int capacity oro - laid down and the date when full production la achieved, It is probable that the level of expenditure over the next two or three years at least will be very much boavior than in the current year.

MUST BE UNDERTAKEN

It is not present possible to deter- mine what will be the peak year of defence expenditure; that must de. pend on circumstances which cannot

at prosent be-foreseen, and, upon deel- sions to be taken in future ydars. ·

Taking the programme da it stands to-day, however, it would be impru- dent to contemplate a total expendia, lure on defence during the next five years ol much Team than £1,500 milions.

-aro

42. Dooply

As they deplore the necounity for this vast expenditure on armaments and other defensive mon- auros, His Majesty's Government convinced that it must be undertaken. It has been forced upon them, partly by the circumstances of the time, and partly by the long interval during which _comparatively small demanda have been mado upon the national Anances for the purposes of the De fence Forces.

It would be neither practicable nor Just that, the, whole, burdan .of making good thao · deflctancies in the short period of five years should be thrown upon the taxpayer during that time, and His Majesty'e ́Ogvernment - are atiefied that in proposing to spread a part of it over a longer parlad, they are pursuing a course" which is fully Justiñed both "In “aqulty and In the general, interests, of the nation..

THE

LLOYDS OF LONDON

WHAT HAS GONE BEFORE:

Jonathan Blake, member of Lloyds of London and protage of John Anperstein, one of its lead- ing underwriters, goes to France in the troubled early days of Napoleon's reign, there to apy out information of value to Eng land and to Lloyda. He is fleeing France, is fear of discovery, whom he witnesses the arrest by French army men, of a beautiful English woman. He helps her escapo, and they make their way to Dosor. The morning after their arrival, Jonathan, deeply in love toith the anonymous beauty, discovers she has risen early and yone to London, leaving no toord. Tie bribes the innkeeper to dis cover where she was taken, and to notify him by mall. Ho, too, then goes on to London.

Chapter Eleven

་

by

PETER B KYNE

The story of the 20th Century-Fax pitture storting: Madeleine Garratt and Freddie Borthejemaw with Ytrana. Fowni, Sir Guy Standing and C. Auhley Smith

Underwriting

[years of his life to have thrashed mover once touched Jonathan, an aithe members of the Angomtein Lord Stacy for the latter's insolence subscriber at Lloyd's and now asyndicate, with Angerstein's ap and high-handed ungraciousness. very heavy investor in John Anger-proval, to branch out into other But as he drove back to blu jodg, stein's syndicate, nor did it touchlinos of insurance. Ings the hot rage died and in its the syndicate. They had kept the ships and their cargoes was Lloyd's place cama, bleak despair in the faith; no temptation of re-insure Paste business, but grádually Jóna- knowledge that be loved a married underwritings, evan with the ad- than began insuring people against woman of a world for above his; [vance knowledge that tosses must rain that would spoll their cropa that never again could he son this murely eventuate from thein, over or turn a prospective profit on a woman, the fire to arouse in blm came to the little group that had publia entertainment into a loss. even a passing interest in her sox. It in their power to make such He wrote Insurancs on the lives of Poor Jonathan! There had never coups. Despile the attrition of war valuabla public servants and fora- born room in his life for play, for that never really censed, save ofti- saw the day when this insurance the Jolly, foibles and flirtalions of cially, the mercantile marine of would extend to the lawllost conter- men of his years; in the midst of Great Britain continued to grow, to monger. He Insured the foreign as- his and contemplation, he recalled outstrip that of all other nations; sets of British merchants against Lady Blacy's remark about the un- as it grew Lloyd's of London grow confacetion as the result of war, happiness of Herallo Nelson's life, with it and, conversely, the for- 'He insured against the ruinous ef- because he was so madly, so tragi- tunes of the underwriters whose fects of public riot, fire, good, earth cally, in love with the wife of Birvialon and integrity had made quake and tornado and, had given William Hamilton. Ho had sympa-Lloyd's possible,

London the laugh of the century thized deeply then with his boyish Jonathan gradually had given by lasuring the Prince of Walen comrade; now, in the realization fover the management of the com- against gout, that he was in the same sad fix, munications #yotom to trusted flou- "But the royal family has always |he reseived not to commit the un- tenants, and was now as gradually | niffered from gout," John Anger- pardonable ain of feeling sorry for taking over the management ofstein proteated, "This, Jonathan, is lmaalt. He thanked God no man John" Angerstein's syndiente, for the Brat bit of bad judgment I have know his sorry secret, whereas the Angerstein was an old man now known you to be guilty of Hin

THE landlord of the hotel at Dowarld knew Horatio's. He re- and beginning to bend under the Royal Highness wild be sure to

ver had carned the five pounda Jonathan had given him, albeit Jonathan eureod the day ho had 'been moved to bribe the fellow to accertain from the driver of the private conveyance the entity or at least the address of his fare. The Inndlord's lotter to Jonathan informed the Inter that the lady had been driven to the home of Lord Iverett Btacy, in Regent Street, London, and that the driver had gathered, from what the buller had said when opening the door for her, that she was Lady Min- beth Btacy.

This information rnoked Jonn- than cruelly. He could not believe 11. The girl had told him to call her Elizabeth; she had refused to dclose her identity and had-ho reasoned now fed Dover in a private conveyance, rather than ac- company bini to London on the coach and thus be unable to escapo his importunities. However, he had to be certain of her Identity, ho ho arrayed himself in the height of fashion and took a four wheeler to Lord Everelt Stacy's home. At the door he presented his card to the butter, who gave him the customary challenge:

Bir

IA Lady Atacy expecting you,

"No, nhu in mot;-~-~However-Z-think- she will receive me."

The butler tott him blanding in the vestibulo while ho carried Jöna. than's card to Lady Stacy, When the butler returned he invited Jana- than to stop luto the drawing room In a few minutes Lady Stacy en- terod. She advanced to him drave- ly and took his hand.

"36," he vald tenglenily, "you are Elizabeth."

She nodded azzent-to-the-charge: "I am sorry for both our ankes, Mr. Blake, that you have called. I wished to spare you the pain of the disilusionment.

Ho bowed his head. "You trie

to be kind to me, Lady Stacy, but

With stalled insolenor, Ford Stacy neknowledged Joristhan Blake's Introduction, saying "A waiter at: Lloyd's, I bellove," Hart nt-Elizabeth's decelt, humiliated 'at Stacy's manner, Jonatfinn left the house. dected that fame had its draw strain of business. Ife rejoiced Income down with gout within the I would not permit you to. I am backa... woll, he would set him- |the knowledge thai Jonathan's keen (yons and you will make a heavy stubborn and headstrong fellow, Ieef to the hard task of forgetting intelligence and incorruptible hot-1084" fear. I had to know beyond a doubt the troubled, sad, sympathetic look esty would succeed his own "He is too young for gout.-air- that my companion on that night in Lady Stacy's even as she bade you, Lloyd's of London would go ho a hardy soul and can stand crulas xerono the channel and Lady him farewell,

on; it would be timeless... Elizabeth Stacy are one and the

Fore ho la, Everot," Lady Stacy called to her husband gaily. "Hero

a deal of high Bving. He has paid

a whopping premium for insurance against gout for three years, and he is not likely to deliberately court out in order to win. That bow- over was not my idea in insuring

aamo individual. Now that I have "She loves me," he told himself. Following the fashion of the po- been Bathed on that point, may I "I am certain of it. Her marriage rlod, Jonathan had acquired express my gratinention that you to Stacy was one of social con-habit of accking relaxation in the appear to have suffered no ill ef-venience, a match,, doubtless, made japorte of the day-boxing and horse facts from the exposure, and to so by the familles of both, She, who racing. He had a half dozen very aure you that if at any time in the le so good and sweet and kind and race horses, with which he had the Prince. I merely risk paying a future I can be of service to you, could not possibly have the alight been very successful; he was a high price for the sort of adver you have but to command me est love for such a cad an Stacy. plunger on Ogbls and was known tising for the Angerstein syndicato. He took her hand, bent over it Yot, she is bound to him until to have won vast sume on his judg-thal no amount of money can ever ment of the ability of the chamy boy, I fear our colleagues

buy." and promed it to his lips in faro death." well. At that moment Lord Stacy

plona he favored. To the man ja The years dragged on. The news the street he was now known as are beginning to think us unsound, entered the room.

of the death, in Virginia, of doorge Lucky Blakto. Lucky? The word freakish, unreliable." Washington, first president of the caused him to amiin cynically. If "Oh, naturally, many of them do. United States of America, on De the fools who prated of luck, who Those who have not will do so be is the gentleman to whom you owe cember 14, 1790 came across the depended on luck to bring them fore long. so much for saving my life and western ocean and was duly chant- fortune, only knew how hard he and fear change an innovations; Human beings loathe spiring me out of Franco. Mr. cled at Lloyd's The news of the had worked! Jonathan Blake, may I present my destrueilen of the Danish Beet at

they condemn that which they fall- husband, Lord Blacy

Copenhagen by a British foot cam-

Although its position in the busied to think of themselves, particu- Jonathan let go her hand and manded by Admiral Horatio Nelsons world now cave him entree larly when it begins to appear that bowed to Lord Stacy. "How dye on April 2, 3801, came, awitily, for mombers of the nobility, al- they will condemn; later they will to the very best saclaty in London, there's a profit in 1k. Yes, at first do," H Lordship murmured coau- thanks to Jonathan Blake's algnalways in debt and living beyond decide that we have the jump on ally. "I believe we have met being system. Enginnd declared war their means, were not above cadg them and start cutting premium Tore. You're a walter at Lloyd's of France on May 18, 1803 and ing for tips on hornce and fighters, rate on the same sort of busincod aren't you? Rathor unexpected to London was in a turmoil. Nows of or aceking an opportunity to in- in order to catch up." Jonathan have a call from you, sir." specie to Lady Stacy and to satisfy frequency on Lloyd's bulletin board,cial life was very restricted. Ho

"I morely called to pay may ra- continued to appear with amazing at funds in the now gigantic An-led-a alightly cynical smile

gerateln syndicate, Jonathan's so- now, amyself that her recent harrowing while Time tiptoed by and left a would have enjoyed dining out, and good-natured laugh. "Egad, lad, 1 John Angoratein laughed his experience had no ill effect. I was tinge of gray at Jonathan Blako's dancing, but deep in his heart was begin to fear I have been triod and Just taking leave of your lady temples, a gravity in his eyes that the fear that, in bigh social circles, convicted. Lord Stacy, when you entered. With did not belong with his years, and be might meet Lady Stacy again again-unicos you should consider I shall not interfero your permissiou, Lady Blacy, I shall character lines about his mouth," withdraw."

and stir to real pain what was now taking this fellow into the syndi- He had made a great deal of merely a dull old ache, Tine had cate He bowed himself out into the money out of hla communications not healed the wound, but he had Jonathan looked up. Lord Everett hall, the butler handed him blsjeystem by selling his news to the great confidence in Time, as a cura-Stacy was approaching. On his in- great cost, hat and cans and show papers, but it was free to Lloyd's.tive agent. He did not fool that hesolent but handsome, if dissipated ed him the door. He went out with No nows that was of Importance could afford to pay such a price face, a bland smile of gresting. wild rage in ble heart, a rage the to Lloyd's wan byer withheld for a for social indulgence.

events of vast historical importance

futility of which brought tears to jaingle minute following its receipt In his zeal for work, his yearning

kis syce. He would have givan ten in London; the shadow of scandall to expand, Jonathan had induced

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BRITISH CROSSWORDS

1 A language.

180

ACROSS

5 Nice for tea, some people think,

but aren't their Insides cooked?

8 Edition for children.

Become Icss tight.

10 Apology.

Un-

11 Often not to the point, though

quite material.

12 Not one of the flying colours.

14 Book of the Bible.

10 Morning heath covers no good

portion of the globe. 17 Well-born.

18 "Prasil

men.

adapted to "Varsity

19 It takes a real M.P. to make an

old pilgrim.

23 "Eyeless at Gaza, at the mill.

with slaves" (Milton).

20 What is left and what is right is

apparently all about big pipes.

27 Without exception,

28 Meaning? Meaning, and half of

It's the devil.

20 Employing.

30. Platitude.

31 A davouring I loathe.

32 This girl starts prophetically,

33 Road material in s wrong

colour to slow down.

*34′′ & Breton town.

DOWN

I-Portion of food,

2 Get wider with the road in the

middle.

a Taking: its parts suggest that to tose everything is far otherwise. ~4′′Often ̈precedeï" "a ̈man's street

number.

5 The kind of stranger who is not

necessarily flawless.

6 "That all the world will be in love with night And pay no-to the garish sun." ("Romed and Jullet").

7 Involve ridicule. 13. Part of the house.

15 Language found frequently in

7 Down.

10 The last in Latin through a

curative application.

20 Dress for a K.C.?

21 Went on talking. 22 Dwarf.

23 The laughter of niggers?

24 Sell now before a change takes

place.

25 Plastered up for all to see.

Texterday's Bolution

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