1948-10-08 — Page 4

QUEEN'S SUNDAY MORNING SHOW

ENTIRE NEW

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VARIETY PROGRAM

"

Selected Shorts from M-G-M, PARAMOUNT & WARNER BROS. (Tom & Terry, Popoys & Porky Colored Cartoons) AT REDUCED PRICES!

Queen's ALHAMBRA

AIR-CONDITIONED

TO DAY ONLY AT 2.30, 5.15, 7.20 & 9.30 P.M.

BETWEEN THEIR

KISSES TREMBLED TERRORI

THE HONGKONG TELEGRAPH, FRIDAY, OCTOBER 8, 1948.

ROBERT MITCHUM

KATHARINE HEPBURN ROBERT TAYLOR UNDERCURRENT

And

PLEASE don't reveal the impre

dinobleman of this daring and pretval

romanos from 14-1

Produced by PANDRO S. DERMAN

Directed by VINCENTE MINNELLI

OPENING TO-MORROW

HEAR! "Stanley Stranet?"" and 12 other

WALTER

2 tones!

SUMMER HOLIDAY

Color by TECHNICOLOR MUSICALI

MICKEY

ROONEY DeHAVEN

GLORIA

- FRANC MORGAN · CLICH JENKINS

A METRO-GOLDWYN-MAYER PICTURE

*

MARTYN MAXWELL ACE MOOREHEAD

ORIENTAL

AIR CONDITIONED

SHOWING TO-DAY: 2.30-5.157.30-9.30 P.M. DYNAMITE DRAMA........in the power-keg city of Far East!

IT'S DYNAMITË....WHEN THESE TWO

COME TOGETHER...IN THE POWDER KÉS

OF

Next Attraction:

Coming Soon:

TO-DAY &

TO-MORROW

THE FAR EAST...

Purament

ALAN LADD VERONICALAKE “SAIGON

The of the

Douglas Dich •Wally Cutsalí » Lutber ABSE

Monia Cernovsky » Mikhail RasMOLLY

Produced by P.J. WOLFBON

Die By LEILIT TENTON

"ROAD TO MOROCCO"

"THE DESERT FURY"

Cathay

AT 2.30, 5.20,

7.30 & 9.30 P.M.

Wanchai Road, Wanchal. WILD! WICKED! WIDE OPEN THRILLS!

A MAN WITHOUT A CONSCIENCE.

Adamy 66

WITHOUT

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DENNIS MORGAN JANE WYMAN JANIS PAIGE BRUCE BENNETT

MENNE

| ALAN HALE · ARTHUR KENNEDY ---- RADKA WALSH

Sunday Extra Show "CRASH DIVE" In Technicolor Next Change *Tyrona POWER in "MARK OF ZORRO"

UP THE GARDEN PATH — AND OUT

World Copyright. By arrangement with Evening Standard.

CHELSEA TO HARLEM

By EVELYN WEBBER

NEW YORK.

R RICHARD BOURNE-VANNECK, 35-year-old

M white engineer from Chelsea," who married an

English-born negress, has bought one of America's oldest negro newspapers, Harlem's New York Age, and the first issue of the paper with Mr Bourne-Vanneck as president and publisher, appeared recently with the slogan: "In all things we stand together as Ameri- cans,"

"There's nothing unusual about it." Mr Bourne- Vanneck said to me today, "nor in the fact that I married a negress. Yet we've been besieged by callers. I heard about the paper through my wife, but to me it's just another business. You're not allowed to open new businesses in England. All the opportunities are here,”

Mr Bourne-Vannecit met his wife, then Miss Victoria Thomas, at a Cambridge dance in 1940. She spent some years Brooklyn as a child, and returned to England when she was 13. During the war she worked in London for an American Red Cross negro club and became Mrs Bourne-Vanneck In 1943, when still in her teens.

'IN U.S. FOR GOOD'

"MY parents don't object to the marringe," her hus-

band said. "They want me to be happy. I'm one uf 11 children so they won't come lo America. But we don't want to live in England any more."

TRADE PROBLEMS

POSSIBILITIES

AND OF

WESTERN UNION

the that

What is required is that strong possible, it is important member countries should do their moral pressure should be brought lo utmost to supply each other's needs, hear by the joint committee on the and the European Recovery Pro- several governments, urging them to

ot secure cognisance

Internal disinflation. It gramme has taken

for should be made known to each this. Despite the commitments mutual aid into which the nations government and to the general public have entered, there is none the less in each country that internal dis- some centrifugal tendency. Official Inflation by each would promote the well-being of the whole community of nations, and is therefore a matter of mutual concern.

BY ROY HARROD

Roy Harrod is Jolnt Editor of the Economic Journal under Lord Cherwell in Mr (London). He served Churchill's private statistical staff in the Admiralty, in 1940, and from 1940 to 1942 he worked in the Prime Minis- ter's office. He was statistical adviser in the Admiralty from 1943 to 1945. He has written a number of books on economics. Since 1933 he has been a Member of the Council of the Royal Economic Society, and from 1938 to 1947 a Fellow of Nuffield College.

S

there are forces

Д

allow would

the un- trade arca impeded sule of manufactured items throughout the large market

situled by Western Europe.

con-

I talked to Richard Bourne- Vanneck in his newspaper office in Harlem-two old converted tenement houses overlooking tramlines in one of New York's poorest districts HIR

In the

cellar. Ho

fair-

He

printing presses are

plump, extraordinarily skinned and has ů flory aubtan moustache and sleek black hair. doesn't smile much,, and deliberales before answering a question. On his desk lay a book called Harlem Jive. Its author, he explained, was a negro he has selected es his managing editor.

Price of his paper is Gd. a copy. It will appear twice weekly, an Tuesdays and Fridays, with 20 pages one day and 40 the other.

MR

COLUMN BY JOE LOUIS

MR Bourne-Vanneck is not finding This would also solve the specials new career casy. Harassed British problem of the Com-and tired, he said: "This paper wan monwealth, which by no means founded in 1885. There were only turns only on the question of pre- two. telephones when I got it and would be able to only two reporters. Newsprint ference. Britain impose low duties on Commonwealth shortage forced me to postpone my produce without, on the one hand, first issue, and when presses break In some cases internal program- having to persuade the other nations down 1 repair them myself. On top mes are sustained simply because of Europe to do likewise and with- of that, Harlem has nine other negro there is Insufficient driving force out, on the other, having to increase newspapers, all highly competitive." inside the country to

on Com- them the margin of preference

Sul, Mr Bourne-Vanneck Imagines altered, and in some cases it may monwealth produce as against, say, he will be all right. Every issue of

Culted Staics produce

policy the Age will carry a column by which she has forsworn in her Toe Louis, a close friend since his various commitments to the United London visit In 1044. And there States.

will be plenty of West Indian newp.

Ret

not be understood that they are do- Ing harms. Some programmes may be tied up with party political Issucs. It should therefore help if an impartial joint body, consi- dering only the Interests of Europe na a whole, pleaded urgently for disinflation and the restoration internal equilibrium.

Greater Freedom

to

of

for

R

In long-range planning

The politics of the newspaper are Mr Bourne-Vanneck Western Union, however, it is to be Progressive. doubted whether the chief emphasis shook his head when I mentioned should be placed on the tariff

re report that he paid £32,500 for the problem. This must certainly be an paper and some real estate. "It was the not quite as much as that," he said. - item on the agenda, But

problem which bulks much more largely in

of consideration governments in the modern world is

the

HR

THERE AND HERE

n car with

INCE Europe, economically, policy in each country is to export still needs external sup- as much as possible to "hard" cur- rency buyers, and, since European

thero port, it is but common currencies are "soft",

official commit- aense to suggest some getting disposition, when

been met, to deflect the currency question could be together of the countries con- ments have

E added: "We gave up a lot to cerned. Some of the problems exports away from European neigh-A settled on the lines of multilateral that of unemployment.

bours across the ocean.

clearing externally and disinflation internally, one might

come here. My wife is doing her pass concerning separate nations are

a Owing to the continuance of the own housework in our borrowed radical similar, and much might be

has been some ac Conversely there

everhaul of quantitative im- demand

One could surely postwar boom and the fact that no house on Long Island. And it has from port restrictions. gained by a pooling of ideas and tendency to divert

near end to it is seen, this problem eight rooms, In England we had headway in the goods of neighbour countries in make great practical

two servants and a co-ordination of plans.

can be promoting greater freedom of trade has to a large extent passed out of cases where these goods

von mind recently. But it will recur as chauffeur, and dined in the West from

relation and even- gratis

overseas by the mutual

***** the

Important economie End nearly every night. most In contemplating a Western obtained

question in the modern world. Union one muy lay stress on through the E.R.P. machinery. Thus tual elimination of quantitative Im-

restrictions. tending to make port

Europe would

"I will help the negroes in thele long-perlod projects and formal each member look askance at intra- thus benefit herself and at the Suggestions have been made for bonds of unity, or on immediate - European trade.

same time make a contribution to dealing with it and projects are on fight to better themselves. But I But am not necessarily their leader_be- wards the approach to the ideals paper in the various countries. difficultics and ad hoc measures.

of the International Trade Organisa- when we get down to the hard fact cause I have got a negro newspaper, It seems reasonable to consider

of it, it may well prove that the I am just a man in love with his these

problems in temporal

The traditional symbol of econo- paper plans are inadequate. as there are

mic unification is order, especially

the customs union. It may be doubted whether vexed questions connected with Tesigned to secure multilateral this is a

suitable formula for long-term unification, which, if trade in Europe and to use Marshall Europe today, even as long-range raised now, would merely add dollars in such a way that one

project. It might entall radical to the difficulties and perplexi- nation should not think it vain to changes of structure in the WORLD-WIDE action may be re- a Western Union achieve an export surplus with her unental countries, for example, in ties of the nations.

neighbour, is of the greatest impor- the balance between agriculture and should not stand in the way of that. covering the lance. But it only makes a

But a regional, plan, re- ning. There is sill a long way to industry, which they would be

Short-range Problems

tion. Only A Beginning

currency arrangement,

begin-

con-

World-wide Action

go before the nations of Europe can luctant, for social reasons, to accept. whole of Western Europe, would be па A more appropriate idea is that of an important contribution to the regard each other's currencies

and further to the free trade area. By this each world problem,

"HE short-range problems arise as completely "hard":

THE

an aftermath of the destruction HG, before these currencies become of war. The need to repair damage

freely convertible into dollars.

in

wife."

THE LOVE OF MR. BUTTERFLY

And the joint economic council of In regard to the height of its tarifs nation would be allowed autonomy

USTRALIA'S

"Mr. Butterfly." against the outside world. Within Europe, of whatever the long-term

may be called, should 24-year-old ex-Private Frank and make good arrears of replace-

the area there would be free trade, joint body

thrice has Yel both of these are objectives save for the

following ments has imposed a severe strain

important already be making plans for a com- Loyal Weaver, who Where

two on available resources. There is a which should not be postponed until exception.

member

policy for dealing hitch-hiked to Japan to be with his mon European of different with shortage of manpower and materials; the distant future. Every effort nations had tariffs

the unemployment question Japanese wife, has been arrested the

will be found again. situation

Inflationary, should be made to achieve them heights against the outside world on when it comes. Is

not of plan docs being in excess quickly as possible. The nations aggregate demand

standard homogeneous commodities, that of aggregate supply: and in some should alm at setting up jalat an offsetting internal barsler would inherently involve infringement of discharged from the Army, and sent countries there is the sinister ten- machinery designed to do so.

have dency for a vicious spiral in the.

wages to develop.

It

this kind

10 be allowed. Thus country A had a 50 percent tariff on

it national sovereignty.

On his marriage Weaver WOE

is barred by the "White

back to Australia, from which his upward movement of prices and Success will not, however, be well wheat imported from outside Europe The underlying idea of Western wife

If the balance of payments problem and country B. a 20 percent tarif, Europe should be not be divest th Australia" immigration law.

have is regarded as a purely external one country A would be allowed to national governments of certain He hitch-hikou back to Tokyo on' A corollary of internal inflation The root cause is the excess of in- is an adverse balance of trade. ternal demand. In some cases bud- a 30 percent tariff on the importa- functions and invest a new federal fako papers, was arrested, and de-.

This would body with them, but to create

ported to Australia. But he escaped: There are also independent cause gets are not balanced; in other cases tion of wheat from B.

and procedures

and, by way of Bangkok and for the latter, the requirements for capital programmes greatly

exceed allow the nations to have various Institutions

for staple which certain things food and materials being

urgent, what the countries

afford. degrees of protection can while work for export. offelal offorts, tends to get displaced domestic policy.

despite These no doubt touch on matters of products vis-a-vis the outer world. that have never been done before. Shanghai, made his way back to his

A plan for joint action to deal with the world-wide slump and de- Arrested ngain, sentenced in ficiency of demand will be a project Sydney to, six months for stealing of this kind.

Army papers and forgery, he tried. to jump from the court building's seventh floor.

.

Economic Benefit

wife.

by priority demands on the humo front, The Iron Curtain and trou- But a joint commitice, resolutely bles in the Far East have reduced deterrained to got the external the supplying power of normal balance in order, would find itself sources, purchases are concentrated driven by the logic of the facts, to THE economle benefit that it is The project for Western Union sought to gain by arrangements will flourish the more, the less wo upon the Western Hemisphero, and take cognisance of the question of

Recently, when Mr Butterfly was to the general problem of the Internal balance. This is a sphere of this kind is a large free trade think in terms of old formulas and

and the reported back in Japan, under close adverse balance of trade is added a in which official commitments are market for the products of European constitutional unifications.

think in terms of joint arrest, in Kure, Army Minister specific dollar problem.

no manufacture, so that mass produr-more we not necessary; there need be

order an for dealing Chambera promised to be action, as in the war, In order that Western Europe as question of infringing the sovereign tion and standardisation can

inquiry. Introduced. The device of the free with the specifle evils of today. a whole shall be as productive as rights of Individual countries

NANCY

WHAT A WONDERFUL

BOOK THIS

15

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Ideal Reading

BEST BOOK

I EVER READ

DOES IT END HAPPILY ?

By Ernio Bushmiller

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