1939-07-05 — Page 30

THE HONGKONG TELEGRAPH, WEDNESDAY, JULY 6, 1039.

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Peace?

'Phone 26015

July 5, 1939

WILL there be peace?

That is the question which cuch man is asking his neigh. bour. It is the question which

is foremost in the words and thoughts of people to-day.

Everything points to peace. Danzig is the outstanding issue. and it should not be incapable of solution by negotiation. Hitler should know that he can obtain a just settlement by peaceful

means.

Further, it is becoming in- creasing clear, that Germany has not the resources for a long war. The sinews of war are oil and iron.

Even if Germany had all the öflöf Rumania," she would-not- have enough for her pence-time needs. There would be nothing over to fuel warplanes.

And Germany depends on Sweden for iron. More than half the High-grade steel used in the Ruhr armaments Industry comes from Swedish ores.

Meanwhile, the other partner in the Axis is getting alarmed. Italy still keeps in step. But she persundes Germany to mark time.

It is easy to ace why Mussolini fears further German advances. History shows that there is no stability in a partnership of conquest. A dictator will not | willingly share power with a |foreign dictator, any more than

he will share power at home.

The last experiment in a die- | tators' partnership was when Napoleon met the Czar Alexan- der on a raft at Tilsit. They arranged for the division of Europe and the conquest of Asia. But that partnership soon broke up, and Napoleon's army was broken in Russia.

There was only room for one Napoleon in Europe, and there is only room for one man to fol- low in Napoleon's footsteps.

Mussolini knows that there

will be no room left for him if Hitler goes any further. Study Detail

TWO hundred years

offu

the

I N THE

BAG

The German-Italian Axis is now to become a military alliance.

Hobson's Choice

PINIONS differ whether we shall be plunged into war or by force or appeasement, avoid. It But there is a consensus of opinion that war has at least been postponed. We have some breathing space.

Daring this period of unstabic equilibrium, the community in general and Labour in particular

confronted are

with an issup which, at the peril of our future, cannot be evaded and must be faced with the courage of our race.

Of its gravity and magni- tude there can be no question.

It can be simply stated.

At present we are committed to an expenditure on war prepara- Lione and munitions of probably not less than £2,000,000,000-ono quarter of what we spent in the Great War. Nevertheless, we have

or unemployed

part 1,500,000 employed.

in

NOW, elther there will be war or there will not be war. If it must be war, there is nothing whatever to win; impoverishment will stare us the face. A new economic structure becomes inevitable.

If we decide that there will be no war, then nothing remains but to ilquidate our stupendous loss.

Liquidate! Unless, starting to- inorrow morning, we are on the alert, it will quidate us. For t means an uncniployed army of at least 3,000,000, a financial airin- gency never before experienced, not even in 1931, a semi-cessation, of all our economic processes.

us.

If there be no war, this cond!- tion of affairs is positively upon But should there be war, it will be indescribable tragedy mingling with economic chaos, The main problem will merely be postponed.

IF we escape war, our industrial system must be badly shaken at the price of universal privation and misery: If war supervenes, I do not hesitate to assert that Capitalism must collapse.

I am appalled at the complac- eney, the apparent indifference shown by the whole community to the situation in which we find our- sciven. War or no war, there is no escape. We are not walking with our feet on firm ground; wo are floating in levitation,

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No conclave of philosophers, economists and quidnunes needed to confirm this; it is as pal- pable as it is imminent. Nor does It need a yet further official In- quiry. to declare that these issues transcend all existing organisa- tions and movements,

There is, at present, no group of

higher mathematics. It is by that

work he is remembered.

Although he was a social ro formor, Robespierre issued a de- cree against him at the height of the French Revolution. For many days Condorcet hid himself. When Marquin of Condorcet won he came out hungry he went into born. Ho lived to be a dia- ja restaurant for an omelette. The tinguished mathematician? But he landlord naked him how many eggs died becauso, ho did not know he wanted. Condorcet, who did not how many eggs went into an know, told him twelve. omelette.

His reply betrayed him as an

· Ho devised the diferential aristocrat. He was taken to pri wwww leniculus, an intricate formula of son, where he poisoned himself.

In this article, Mr. S. G. HOBSON, Jamous writer on currency and economics, draces attention to the argent problem created by the immense expenditure on armmmonia-a problem which will have to be met whether there is peace or war. We do not agree with all Mr. Hobson's proposals, but sen publish his article because we think it essential that there should be pubile discussion NOW of the economic problems raised by our huge orms expenditure:

men, no body of doctrine, equal to the occasion. It would be a miracle if it were so; but we may well in- quira if co-ordinated effort by

responsible those primarily being made.

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Who are they? Without question

functional group. every fun

Associa tion and union throughout the Jand-especially the technicians and trade uniona,

The trade union leaders, for example, need no persuasion that In a time of unexampled trade de- presston, with three or four mil- Lous unemployed, wage bargaining Is as the cracking of thorns under the pot. We shall have passed that stage beyond recall.

The choice, one way or the other, will be imperative: either Labour will sink yet deeper into wage- servitude, or, under courageous

clalm and leadership, it will

share in industrial government. and obtain a share in industr

What is needed is the exercise of What

Imagination by the General Coun- cli of the T.U.C. to convene a special congress to consider decl- alve action both in pre-war and post-war conditions. I entreat them to rise to the height of the great argument.

Nor will the scientists. tech-

nicians and administrators the funcional intelligentsia-be under any illusions. They will speedily discover that established finance, bogged in war commitments, must

fall them.

They will have all the materials of real wealth; their task must be to disentangle the realities from an Their obsolete industrial system. chalce will be either to remain at- tached to conventional financial control or break loose into the wider sphere of function.

Labour will naturally desire their co-operation; in the last resort it can do without them, The younger technicians, alrendy in sympathy with Labour, will readily jump into the breach.

Three lines of development are Indicated..

FIRST, there must be industrial self-govern- ment. Each Industry, all its working elements har monised, must evolve a new tech- nique based on fonction and no longer on finance.

Its business must be to produce up to the limits of natural demand -resolutely uninfluenced by all Capitalist attempts to create arti-

GRIN AND BEAR IT

TO LET: 3.-4.5 ROOM APARTMENTS

Supt in

By Lichty

"I hope, you noticed how they tried to wangle a week-end Invitation out of us-not once did they ask

about our now summer cottage!"

fielai scarcity for purposes proit.

بن

Bccondly, it is Instantly obvious that no single industry can stand alone. All must be co-ordinated in an industrial

whose chamber, decisions shall be subject only to the vete of the House of Commons.

This involves devolution definite powers from the Commons upon the industrial chamber.

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Thirdly, the issue of currency must pass frem the control of the Banks to a National Currency Board which, subject to the Government, must issuo currency in ratio to production, and at the same time maintain a constant price.

This,

be it noted, does not necessarily involve the nationalisa

tion of the Banka. Apart from other considerations, there is no time for that

THE issue of national

against currency

Pro- duction, with all its an- cillary services, will suffice: may even mart a new ora in the development of monetary theory.

I will not add a single word-in- support of what is here suggested, beyond remarking that our poten- tial enemies aim at supplanting our Industrial economy by an

another, based on dictatorship and a servic class.

Our only answer is an Industrial democracy, But oven if the developments here indicated are premature, there can be no ques- tion that our economic, activities now place our prople in grave ico pardy.

so I appeal to all men and women of understanding and good will to lose not a single instant in pre- paring for the inevitable.

Murder Of

Mr. Tinkler

London.

The recent murder of Mr. R. M. Tinkler was again referred to in n question in Parliament recently, as follows:

Lieut-Commander Fletcher asked the Prime Minister what reply has been received from the Japanese Government to representations con- cerning the murder of Mr. Tinker?

The Under-Secretary of State for Foreign Affairs (Mr." Buller); -My Noble Friend is still awaiting & reply. Licut-Commander Fletcher: Is it not the case that the Japanese Government have made no reply whatever to our representations con cerning atrocious eircumstances?

Mr. Butler. Certainly no reply has been made to the representations to which the hon. Member refers, but the statement which I made shows that exchanges of view have taken place.

Mr. Hannah Is not this matter merged in a very much bigger ques-" tion?

Bridge Novices Compete

CLEVELAND, O. Contract bridge fans who hesitate to enter major tournaments were given an opportunity here to compete against similar players in a novico championship series. The event was part of the 14th annual Ohia brkige tournament.

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