1937-07-17 — Page 8

8

THE HONGKONG TELEGRAņu, SaturdaY, JULY 17, 1937

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The

Hongkong Telegraph.

'Savonday, July 17, 1937.

LONG-DISTANCE FLIGHTS

The Tide is Turning For

FREER

T

HERE is now a new

movement, extending over a large part of the world, to restore inter- national trade.

For some years, after the disturbances of the econo

TRADE

By Sir Arthur Salter,

the famous economist who is

an

Independent M. ·P. Oxford University

for

method

mic depression and financial

"open door" principle for the ence," for the latter crisis, the instinctive action crown colonies and our agricul- would be fatal to any attempt to

from many

Den-

make

what is called the

tion we are responsible.this prin- ciple is preserved under man- dates provisions in special trea- tics.

But elsewhere we have de- parted from it. The actual eco- nomic effects are still not very great--it is a poor "mess of pot- tage we get anyhow"-but the exception is enough to destroy the great political advantage of

is

# programme

The forces that make for

the old principle. of every country was to tural quotas, have been more increase trade with other coun- It was both the great justi- . "run to cover,'

to protect important factors in restricting tries. In other words, we must fleation and the principal safe- vulnerable and and reflecting world trade than aim at increasing, not merely guard of our the home market by even higher tariffs and more diverting, trade.

dispersed Empire in the last shutting out imports. Now severe restrictions imposed by Then we should encourage century that we allowed all our

some other countries.

every attempt to form "low Colonies to buy in the cheapest the tide is turning.

world market and gave foreign We have already given some tarif clubs."

countries The signs come

equal opportunities indications of a willingness to This means that if a group of with ourselves of trading with quarters. Mr. Cordell Hull, the act, though they are at present countries, like those which met them. Secretary of State in the U.S.A very slight and indecisive. We at Oslo-and we may have a with the full support of the Pre- joined with the U.S.A. and similar effort by the Danubian sident, is doing his utmost to France some months ago in mak- countries—try

HERE, in bare outline to reduce their secure reductions in both Ame- ing a declaration about our cur- trade barriers with each other, which would at once help to rican and foreign tariffs by com- rencies, which served a very use- we should either join with them stabilise our prosperity and re- mercial agreements.

ful purpose for a time-but it is or, if we cannot do that, should lieve the present political ten- The French Government has evident now that it is not enough, at any rate do nothing to stop siotis. just secured new powers to re. We are apparently trying to them.

an agreement with the This may require some change peace and war, for the preser- move "quota" restrictions.

A whole group of Northern U.S.A., but the result is still un- in our present rules in applying vation of free institutions or European countries meeting at certain.

"nost their replacement by dictator- With France we recently in- favoured-nation clause:" that ship, are still almost evenly Oslo-Norway, Sweden, mark, Belgium, Holland, Finland vited M. van Zeeland, the Prime is the clause which provides that balanced. In the last six -recently agreed to limit their Minister of Belgium, to make a whatever tariff a country im- months the balance has perhaps tariffs, and reduce their other re- more general plan, but we have puses on each class of goods it moved slightly-but indecisively strictions of each other's goods not yet told him, apparently, shall apply it equally to the ex-in a favourable direction. The and are inviting other countries what contributions we are pre- ports of all other countries. added influence of the U.S.A. to come into their agreement. pared to make in liberalising our That was a very suitable clause would be decisive, and it is only There is a new effort to in- own policy if other countries will for us to insist on when we were along the lines of economic co- crense trade between the Danu- do the same.

a free-trade country.

operation that it can be secured. The fact that Russian airmen binn countries, Czecho-Slovakia, The next steps arc, I think,

But now that we have Imperia! This visible collaboration of have flown non-stop, without re- Yugo-Slavia, Hungary and Aus- clear. First we should concen preference and have imposed the free countries of the world, tria. Similar signs come from trate on making a really good quotas which are in effect dis- great and small, in enlarging fuelling, over A distance of our own Dominions. The Prime agreement with the U.S.A. criminatory, it is a serious ob- the range of world trade, would

This may well prove to require stacle to low tariff clubs. We transform the whole interna- more than six thousand miles Ministers of Canada and Aus-

tralia have expressed what is a concessions from the Dominions need not abandon the clause, but tional situation and facilitate to illustrate the rapid widespread desire, and the form as well as from ourselves, and we ought to make exceptions to the task of our diplomacy in all turn may mean some it to prevent it from having this the grave problems that con- advances which are being made er has made agreements both this in

with the U.S.A. and ourselves changes in our own Ottawa effect.

front it. in the science of aviation. In which represent some improve- agreements,”

And nothing would afford so If so and indeed, in any case this instance, the flight was ment on the system previously

LASTLY, we ought to re- strong an inducement to the in operation."

it is very important that the

turn to our historic countries from which danger is intended to illustrate the pos-

change should be in the direc- principle of the "open door"—or now threatened to return to a sibilities of civil flying via the WHAT should be Bri- tion of admitting Dominion I should prefer to call it "equality world system as the success of polar regions, and the success this movement?

tain's own part in goods more freely and not of in- of trading opportunity"—for the the "will to peace" countries in creasing or extending the period Crown Colonies. In most of the enlarging and strengthening achieved is a remarkable tribute

More than any other great of the fixed "margins of prefer- Colonies for whose administra- their economic relations. to Russian aviation skill as well country we depend upon foreign, as evidence of the feasibility of trade. There were some strong rensons, in the crisis of 1931, for opening up new long-distance limiting imports, but they have routes. But, as we pointed out now gone. when the previous Russian flight wns made, there are lessons also in these achievements so far as

aerial warfare is con-

serves

ал

ARE YOU

FRAUD PRONE?

who

many

Then we were suffering from a fall of prices. Now the dan ger is that they will rise too CRIMINOLOGISTS have a theory to be Incapable of realising the contact with any kind of swindlers quickly, and with them the cost that a certain type of woman, slightest possibility of fraud. The before.

through no fault of her own, is born victims were by no means all of Moreover, the newspapers con- of living.

The victims poss-them sheltered persons to be murdered.

had stantly report the trials of offenders Then there were surpluses of ess certain attributes which attract never come into real contact with the and the sufferings of victims,, but

it cerned. Coincident with pro- everything; DOW there

are this form of tragedy. In the same world; but, nene the less, it was nsriever occurs to those who are up- gress in civil aviation, if not at shortages. We are now in a way it can be said that there are if the word "fraud" had been non-pronched with specious offers and people who are born to be defrauded, existent for them, and even when "get-rich-quick" schemes that they increased temporarily,

in they had been robbed This does not mean that those bers of victims came up and asked net about which they have

once, num- themselves may be drawn into the even greater pace, aerial boom,

though not caused, by the re- this class are necessarily simple, warcraft are being almost daily armament

times been warned in the Press. expenditure. Some over-credulous, or even foolish in the for more.

ordinary conduct of their affairs; improved both in power and time soon this boom will end, but just as in the case of the "mur Quite Unsuspecting carrying power.

The latest the home market will fall off deree there are certain qualities,

and we shall suffer a severe de- this term can be used, which cause It is true that fraudulent bucket-I am firmly of opinion that there British bombers, according to pression unless we can find com-her to become the victim of brute, shop proprietors and other swindlers

a person whose mentality contains in easily defrauded possesses a type of clergymen. an aeronautical authority, are pensation in a foreign demand so the person who is more or less and ready victims amongst spinsters, exists a type of "defraudec," that is, and the right proportions the essentials are for being guiled. And these essen- very much faster and carry for the reduction of demand at mind attracted by the particular kind others, but a large proportion

of bait used by the professional cheat, drawn from the professional and tials are not obviously those of the much heavier loads than the

During the recent exposures of commercial classes--men who, it confirmed "mug," rather the reverse, If we can now restore the

groups of bucket-shop swindlers, one would be thought, would be capable for usually they are the very things machines which they have but framework of international of the most curious points has been of protecting their. own interests which have contributed recently displaced. The best of trade we shall have the best of the way in which victims appeared even if they had never had personal the victim's success in in the past to the new aeroplanes have a speed all possible corrective to the new!

home.

depression. And above and bc-

of 270 miles an hour, a range ofyond all this, if we can now co-

1,500 miles, and can operate at operate in this way with other a height of 20,000 feet. What countries, first of all the great free countries of the world on distinguishes the new types of both sides of the Atlantic, we bombers is the greater loads shall reduce the economic ten- they can carry, loads nearly ions which so greatly increase

the dangers to peace. twice those of the older types.

retired

farmers,

BULLS AND INNERS

O O

]

From the Office Butts

It has been my lol to review on occasion several hundreds of cases of swindling here and in America, and

The business man who falls into a trap has won his way to affluence by certain amount of egotism and ability to judge others. He knows his own value and can value others. But if the proportion of egotism in- creases ng well it may towards the end of a successful curcer, and ability to judge others is diminished by lack of opportunity to use it, then the subject has became a potential "de- fraudee."

ZBW broadcast a talk on! So the Lawn Bowls Associa- manufactured weather in Hong- tion has decided to do nothing Too Confident These are the latest achieve- WE are the greatest kong last Sunday. And it wasn't about those sloping greens.:

trading country in hot air, elther. the world, and world trade de-

.

口

口

ments of aeronautical science. But how long will they hold apends more upon our policy than Domestic science may be all

place of pre-eminence? The on that of any other country right as an optional subject, principle governing the British This is why our new policies of but what about making domestic

the last six years, preference silence.compulsory? policy of air power is that it with the Dominions, our national must have a force at least equalĮtariffs, the abandonment of the to that of any nation within-

Russia

=

口

I

(+

The attitude of John Smith is, "No But couldn't something be done ond has ever got the better of John about those sloping bowlers? Smith," and "I know a good thing

Q. 口

when I see it." A little too much "Clerks Fly to Office," says a self-assurance and, in the case of the retired mon, a desire to have a little headline. In Hongkong, they futter la business creates a state of usually fly away from it.

mind in which the subject la ready D D.

to be entrapped.

Pride has a great deal to do with it. Then there was the man who' "Centenarian Called," is the

An accident has been described as was always boasting of an open title of an obituary notice in an "something which happens to some- mind-so open, in fact, that American paper. Whether the body else, or in other words, our bombing distance. That seemed speed, which stuns the imagina- nothing would stay in it. old fellow found anybody, at pride makes us believe that no ac- cident will ever happen to us. It is quite satisfactory at the time ittion, and the horror of it, so far

home or not, is not stated.

the same with fraud. The hard- setting up. a

口 for people's as war planes are concerned, is meteorological station at the

headed business man who, approach- was announced,

and a depression re-ed by a swindler, acts like a mug sub- thoughts were directed towards that they are likely to achieve North Pole. Now we shall be mains over China generally." consciously belleves that no trick will one potential enemy. But, like their aims. The latest Russian able to blame the weather on We'll say it does!

the Bolshies, too. Lali human arrangements, it is flight gives point to the pos-

口

According to a contemporary,

and the retired business or profes- to liable to be upset by circum-sibilities in the matter of con- Motto for competitors in the Canton barbers are wear sional man, the clergyman or the people stances, The pace, both in quering long distances, and the Telegraph amateur photo con- "muzzica" in future. Well, we'd spinster, are nearly always

hate to be bitten by a hair-cut- with fixed incomes. A fixed income may be a nice thing, but we have to speed and carrying-capacity, has lesson will not be lost sight of by test: "Snap into it."

口

ter, anyhow.

be very tired people indeed if we do D

not possess some inner urge to in- Then there was the Aber- crease our fortunes. The business mon donian who, when approached who has retired with a competence by a flag-day seller, gave the misses the battle, the working pro

fessional man often seer little chance girl-a stony store.

(Continued on Page 5.)

never slackened, and evidently, those whose business it is to see We were always told that we are not yet within sight of that adequate air power is made when a man bit a dog, it would be 'nows. Well, we're getting the limit. Scientists speak of available, both for defence and that way in Hongkong. A man aircraft which will attain a attack,

[bit a constable the other day.

O

over tako him in.

There must also be cupidity. Nono. of us is

fa free from this in some degree,