1937-08-23 — Page 18

6

THE HONGKONG TE LEGRAPH, MONDAY, AUGUST 28, 1937.

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ENYK

San Francisco via Shanghai, Japan Ports & Honolulu.

Asama Maru

Chichibu Maru

Tatsuta Maru

Tues., 7th Sept. Wed,, 29th Sept. Wed., 13th Oct.

Seattle & Vancouver. (Starts from Koba).

Hikawa Maru (Starts from K obe) Mon., 6th Sept. New York via Panama.

South America (West Coast) via Japan, Honolulu,

Los Angeles, Mexico & Panama.

+Nako Maru

†Naruto Maru

Holyo Maru

Yasukuni Maru

Hakone Maru

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1937 STUDEBAKER

Some Expressions of Satisfied Owners:

"You can't wear out a Studebaker." "Costs less to run." "Leads in roominess and in miracle- ride comfort."

N

the French

Why do

make such a

mess of their

France they don't balance the Budget. They juggle with it.

"I can drive it hundreds of miles No man living can remem-

and never feel fatigued."

Ask for a demonstration drive.

Hongkong Hotel Garage

Phon, 27778-9

Stubbs Rd.

43

The

Thongkong Telegraph.

MONDAY, AUGUST 23, 1937.

ber the time when France really balanced it.

Money?

wears

Governments came

our

That is a brief story of the

con-

families of the Regents of the Bank of France kept in the saddle until 1936, when Blum's Popular Front Government made the bank a Government organi- sation, gave all shareholders an equal voice with the "200 Families" and robbed the Re- gents of their power.

Until then five of the Regenta ropresenting five banks were of.. Swiss origin. Sald Napoleon, who welcomed foreigners, "France lucks men who know what a bank is; this is a race of men whom we must crente." When the Regent bankers and industrialists used to meet in council there was not an inch of economic territory in France that they did not control,

WHAT irked the critics of

Bank of

their

£

the Re- Govern-

"No more overdrafts, So don't envy the new man ed to France that out of Ger- snorts:

going to get the economy axe must be wield- who sits at this desk as the new many she was

the Bank of France Governor of the Bank of France. nothing like as much in repara- ed, we must live within

income, and new and heavy taxes before Blum tackled it was a Yes, M. Pierce Fournier has tions as she thought in 1919.

rule in the appointment of the one of the most interesting, On top of that, the two kind must be paid."

governor, whose signature was hardest, and certainly one of uncles, Britain and America, also

necessary before any important the biggest jobs in Europe. ceased dipping in their pockets franc..

to help out France. So the HOW docs it happen that decision could be made.

Now, Napoleon's Act said that the French, so thrifty TALL, thin, Stalin mous

tached Pierre Jean Budget remained unbalanced."

Something had to be done, in their individual lives, are so "before assuming his duties the Fournier is forty-six, father of

holds 100 shares in the bank. three children, does not smoke, Like Jacks-in-the-box. Radical careless about their national governor must prove that he

and went purse? As I say, they have a drinks very little. He dark, ill-fitting clothes, but as between 1924 and 1926, turned legacy of disorderly government In Napoleon's day a

franes, but now is worth 10,000 Governor of the Bank of France out, some said, by the mighty lasting from the old kings of France share was worth 1,000 and what Treasury sits in a room like a woman's power of the Bank of France. France.

Also in France many blamed francs, boudoir (a princess once used it whom they refused to obey.

million Who could save the franc- the Bank of France. They saw oficial, acidly asked the critica, as such) at a desk used by the

it as a sinister institution, had at his disposal a financial boss under King Louis that is to say France? XIV.

To the bedside was called though others regarded it as the francs. (£13,500) ?

So what happened under the The walls of the room are

war-time President of model of righteousness,

The real rulers of France, old system? The Regents sold covered in pale flesh-pink silk, the Republic Raymond Poincare, and you enter it first through whose professional capacity had some said, were the directors the shares on credit to tall padded silk double doors, not been enhanced by his inspira- whom the French call the Re- future controller. And, said the ANTAGONISING

then through high, carved green tion of the Ruhr adventure. gents of the Bank of France, critics, it was not good that the doors.

But 40,000,000 Frenchmen fifteen of them elected by the governor should become a debtor

General Council of shareholders of the Regents. ALL NATIONS

that if They argued On the governor's desk are couldn't see anybody better.

Poincare started to put the the famous "200 Families of Some years ago, a student of twenty-two telephone switches,

three of them white-direct pri- patient on a rigid diet; all France France," so called because they governor, in a dispute between Japanese affairs declared that vate lines used for the most felt his heavy hand, and finally are represented on the Council, the Government and Though there are 40,000 actual gents, sided with the Japan wants war. He added: secret conversations with the he balancel the Budget, after a shareholders of the bank, only ment, he might find himself faced with a claim for debt the 200 largest have a voice. "The Stalls are the real power, secretary-general of the bank fashion.

and two under-governors.

For a time France was sitting

The Act of 1803, signed by which he could not pay. and the time will come when

Your eyes focus as you enter on top of the world. Even in Napoleon, ruled that five of the ND it was true that the

AN

Bank of France could they will assume that power on the high and intellectun! fore 1931, while the rest of the world fifteen Regents must be

wallowed in the slump, France nected with commerce or indus- break any Premier it didn't like openly, Japan will then march head of the governor.

There will be plenty of lines was sitting pretty. on China, not as an Army, but on it by the time he's through But the plague of the world try, and three from the Trea- by withholding credits from the sury. Since the lawyers forgot Treasury. To mention one, the panic which crisis could not leave France un- to mention the other seven, the bank created a This forecast with this job. a nation."

With M. Georges Bonnet, the touched. Through the 1930's bankers took six of them. overthrew tall, Anglophil Pierre may be taken as fulfilled so far

From then a real hereditary Etienne Flandin when he refus- as the assumption of power by Finance Minister, for the next she went rocking from crisis to the military is concerned, and bedside of France, once more the

few months he will sit at the crisis.

aristocracy of banking began. ed to obey theth.

Well, Blum has slightly clipped the nation is reported to have gick man of Europe.

WHEN France's first Fathers did their best to pass on

Socialist Prime Minis- their seats to their sons, and the wings of the Bank of France, been keyed up to a pitch of

but that does not make the new But only sick financially, for

Leon succeeded.

The Rothschilds-yes, they taxes any easier to bear. enthusiasm in which it regards France is still one of the world's ter, willowy, aesthetic

France is in for a period of expansion as a mission that is richest countries, though a bad Blum, took office just over a year

ago, the French purse was in a are in France, too-had a seat

since 1855; the Mallet family belt-tightening such as she has bad way. divine. No limit, it seems, is manager of her money. placed on that expansion, for it

But he went on apending, and since 1800-one of their ances- never known. has been put forward as

Look were long overdue. How- Regents set up by Bonaparte in Japanese axiom that there is no

many of the reforms lie under- tors was on the first Council of were La Belle France, in the last natural territory, any more than another, killing the liberties of ever, they cost money, and when 1800.

he quit French finances

130 years has seen three revolu there is a natural size of an the people, and preventing them near collapse. estate; the ability to govern from developing

Then in steps Georges Bonnet, tions and changed its political five times. But the decides the frontiers of a coun- national life.

They made the French Revo, new bank manager of France, system try. This may have seemed, a few years ago, an exaggerated lution which shook the world but did not bring France out of the statement of Japanese ambi-

financial chaos in which it had tions, but present-day happen-learned to live. ings would appear to justify the The old kings debased the estimate. There is, none the coinage. The Third Republic, less, an element in Japan which formed in 1870 after the col would prefer that common-sense lapse of the Second Empire, has lived on overdrafts, like the should prevail over military

foolish young man who hopes to monomania. Unhappily, that

come into money some day. element cannol be vocal and

For the last hundred years does not exercise any real in- France's public expenditure has

RE you a snob?

definitions: 1865, 50 many other engagements? Dictionary's

Departing, say, Bluence over the nation's policies. been going up, but her income

Oxford The time may well come, how-has not kept pace with it.

Cambridge slang for any one not a gownsman. you," in a voice that So any morning now you can

Now, or litle thing"? ever, when the morale of the

a financial crisis in people may be shaken by the end of

France, and the franc gets into Later, a person belonging to the lower classes. mad adventures of the mili-more difficulties than the most one whose ideas and conduct are prompted by vulgar tarists; it may then dawn even mischievous boy.

Snt., 11th Sept. Sun., 3rd Oct.

Thurs., 14th Oct.

Mon., 30th Aug.

Sat., 11th Sept.

on some who are now in the grip of war fever that the flout- ing of international law does not

London, Marseilles, Antworp & Rotterdam.

Suwa Maru ...

Sat., 26th Sept.

Liverpool via Port Said, Beyrouth, Istanbul, Piraeus,

and Marsellles.

+Lima Maru

Sydney & Melbourne via Manila & Ports.

Kamo Maru

*M.V. "Neptuna"

Atauta Maru

.Sun., 10th Oct.

.Sat., 28th Aug.

About Mon., 30th

Sat., 25th Sept.

Bombay via Singapore, Penang & Colombo.

Anyo Maru

Sat., 11th Sept.

Calcutta vin Singapore, Penang & Rangoon,

+Toba Maru

Genoa Maru

Kobe & Yokohama.

Fushimi Maru

Fri, 3rd Sept. Sun., 28th Sept.

Sat., 28th Aug, Hakozaki Maru (Keelung).. Fri., 10th Sept.

† Cargo Only.

THE old kings of France, the absolute rulers, be- gan the business by plunging their country into one war after

an orderly

NOW this is the story of

J

ARE YOU A

A

say no these questions you

Emrys

Jones

SNOB?

If you

can

to all

are not

www

but you're a miracle

Arrive late, explaining you had.

sweet of means "You.

"So

admiration for wealth and social position..

WHEN YOU DINE OUT

Do you: Insist on the most expensive wine, even though you can't tell it from a cheaper kind?

un-

at

Argue with the waiter about the quailty of the soup, to impress people| neighbouring tables?

Complain that you're not at the best table?

Eat things you don't like because they are supposed to be fashionable? Over-tip the waiter if you're entertaining somebody you've never met before?

bostess in her

your

to your

talk to some-

Poy special attention grammar when you body richer than yourself? WHEN YOU TRAVEL

can't afford it?

Do you:

Go first class when you

Make apologies for sailing tour- 1st class in boats

to other tourist-

Describe the magnificent parties AT HOME you give?

appearance of

the franc:

Into the greatest war pay in the long run. The strong in history marched France with British comment which has been a united people-and an a feature of recent editorials balanced Budget.

Between 1914 and 1918, of in the London press is indicative

class passengers?

time Spend your

on frst-class Talk about how the head waiter served you better last time? in as much money as was spent. Aug.of the view which is being taken course, it was impossible to rake

Commiserate with, your

deck if you are a tourist passenger? in responsible quarters of the To help France out, her good

on the problems of living

Broadcast accounts of your visit recklessness of Japan's actions friends, the Allies poured mi- AT THE THEATRE

neighbourhood?

to the captain? about Make subtle boasts in the Far East. By one fell lions into her coffers, and, of

Do you: Arrive late and take your

Worry about the time about getting down the gung-husband's income? stroke, Japan is' wiping out the course, the idea was to "Make

way, getting Bettled?

Call well-known people by their your lug+ggge? prospects of better relations Germany Pay" at the end.

Now after the war man learn- Throw your wrap back over your first names? with those nations of the Wested that a defeated foe can't pay; sent so that the people behind can

Laud the services of your tailor? Do you: Pretend, if your maid which have been unduly tolerant but France gally went on spend-not read its label?

the

Brandish opern glasses? assumption of in the past but which have hoped ing

tho crulae in a private is out that you are she when you If you're in evening kit, avoid

answer the telephone? not, yacht that you missed? are people you know who

the tiresome that, with the tearing of Man-"expectations" from the Ruhr'

Moan about

Raise a rumpus over minor errors of churia from China, her appetite conlfields.

parties you have to attend?

of a servant? Make references to the past

when Then the failure of the Ruhr during the interval?

Gush over people you know only

Wear disreputable clothes would be appeased.

Say condesc "What

your

guests are coming, because they journal points out, it is not only invasion round about 1924 prov-slightly because they are more im-giaries of

portant than you are?

and then are not your social equala? Try to be the first out, protend-sweet little coffee pot,"

Dress up to the ears when some- China's sovereignty which is

think

is you

Important altver?

body being violated in Shanghai, but of Western nations, as there is ing you are late for a distinguished launch into descriptions of your

own Georgian

Ignore women guests who are coming? British and other foreign in- to the patience of China. That party?

Neglect shabby guests and de- not the best dressed at the party? terests are inevitably suffering limit has been almost, if not IN OTHER

Look bored while your hostess vote yourself to rich ones? talks about her children?

Insist on leading the Show off your knowledge on sub-tion to your etchings, or your nothing garden, and their respective supe- ectr

General Passenger Agents in the Orlant for tho CUNARD WHITE STAR LINE. Tal. 30291.

Joint Passenger Agents

GIE LÉVINGSTON 2 CÓ., LTD. Agents: BURNS PHILP LINE.

COUNT THE

“TELEGRAPHS”

EVERYWHERE

As

one

on

as a direct consequence of the actually, reached. Before mill-

Japanese invasion. These things tary madness goes any further, PEOPLE'S HOUSES

There Japan would be well advised to cannot pass unheeded. must be a limit to the toleranco' atay her hand.

Discuss

Do you: Talk about the One service you maintain at home?

the

about?

others επιστ

rush

riorfiles?

conversa-