BUTTERFIELD & SWIRE
CHINA NAVIGATION CO., LTD.
1. THE CHINA MAIL, THURSDAY, MAY 25, 1950.
Russia honours war dead
"SZECHUEN"
"SOOCHOW"
"POYANG" "РАКНОГ"
"STIENGKING"
"FOOCHOW***
"YUNNAN"
"PRODUCE" "SHANSI". "KWEIYANG"
"POYANG" "РАКНОГ"
"FOOCHOW"
"YUNNAN"
"FRODUCE"
"HUPEN"
"SHANSI"
"KWEIYANG"
"FATSHAN"
Keelung
Inchon & Tientsin
Kaohsiung, Yoko-
SAILINGS TO
Bangkok
5 p.m. 25th May
5 p.m. 28th May
5 p.m. 20th May
Nagoya,
5 p.m. 30th May
5 p.m. 30th May
5 p.m. 30th May
3 p.m. 30th May
huma
Osaka & Kobe .:.Keelung
Yokohama, Nagoya,
Osaka & Kobr Solgon Singapore & Sibu Bangkok Singapore
Salls from ARRIVALS FROM Tientsin & Tsingtao Bangkok... Indonesia & Straits Korea
Sibu
Tientsin & Tsingtan Bangkok & Saigon. Kobe ....
RIVER SERVICE
Hongkong/Macno Dept. Hongkong .....2 pan. Mon., Tues.,
Thur., Fri. & Sat.
5 p.m. 30th May 5 p.m.
7th June
3 p.m. 8th June Custodian Wharf.
3 p.m. 25th May 11 am. 26th May, 8 n.m. 20th May
4 pun, 26th May
26th May
31st May/1st June 1st/2nd June 4th June
Macno/Hongkong
Arr. Hongkong
7 n.m. Tues., Wed.,
Fri & Sat.
3.30 p.m. Sunday
AUSTRALIAN ORIENTAL LINE LTD./CHINA
NAVIGATION CO., LTD. JOINT SERVICE
*TAIYUAN"
""TAIPING"
"CHANGSHA"
"TAIYUAN"
**TAIYUAN" "TAIPING"
"CHANGSHA' "TAIYUAN”
SAILINGS TO
..Japan
.Japan
Japan
Sydney & Melbourne ARRIVALS FROM
Austraila & Manila Australia & Munila .Australia & Manila
Japun
BLUE FUNNEL LINE
2ntl June
5th Jung
9th June 20th June
9 a.m. 25th May
1st June 6th June 17th June
Scheduled Sallings to Europe via Aden & Port Sald.
"PYRRHUS"
"ÁGAPENOL"
"CALCHAS
"CALCHAS" "DOLIUS"
......Genoa,
Marseilles, Liverpool & Glas- ROW
Loading 14th
6th June Sails 19th
for Liverpool
N. Africa, Havre &
Liverpool
23rd June
ARRIVALS FROM
UK. vin Straits
U.K. via Bangkok &
Labuan
UK. via Straits
Manila
UK. via Straits
26th May
11th June 13th Junc
13th Juno
"TELEUS"
"AGAPENOR"
....UK. via Straits &
"AENEAS"
-27th June
"MARON"
U.K. via Straits
5th July
. "AUTOMEDON“ ..U.K. via Strails &
13th July
18th July
Manila
"PATROCLUS” ..........UK. via Stralis ...
Carriers option ̈to ̈proceed ̃vla ̃^other~poris ̋to load & discharge cargo.
All the above subject to alteration without notice. For Passage and Freight particulars please apply to
1. CONNAUGHT ROAD, CENTRAL Tel. 30331/8 Private Exchange. BRANCH OFFICE 50 Connaught Ad.West. 25875, 32144, 24878.
PAL
FLIES
142,000 MILES
EVERY WEEK
TO GIVE YOU WORLD.WIDE
AIRLINE COVERAGE!
PHILIPPINE AIRLINES
Representatives of the Russian Army, with political leaders from the East Europe states, paid homage to the Russian soldiers killed during the war in East Germany and during the Blege of Berlin. The ceremonies were part of a nation-wide observance of the 32nd anniver- sary of the founding of the Red Army, The memorial to the Rusalans killed In the fighting, In Germany, is in the beautiful Treptower Park in the Russian sector of Barlin. Photo shows: Russian military personnel seen during their day-long homage. The 60-foot-high memorial of bronze and marble is laden with wreaths and flowers-(AP Photo)
THE STERLING AREA
The following article makes, Western Germany some key points about the Stert Switzerland ing Area and its trade with Wes- tern Europe.
PART I THE STERLING AREA -GENERAL
1. Members of the Starting Area The Sterling Area is the world's largest single area of multilateral trade. Present members are:
Ti THE STERLING AREA'S DOLLARS
63 35
Portuguese monetary area Greece Turkey' Austria,
35
PART
1.
Well
over half
15
Western
One of the essential condi- tions-in fact, the one absolutely essential condition of the pro-
•per fune
functioning of the
Sterling Area is the maintenance of ade-
18
reserves of gold quate central end dollars. As the banker of the whole area, the U.K. has a permanent obligation to safeguard these reserves. In other words Britain must regard the achieve- nient of a balance between the sierling and dollar areas as her economic and over-riding With this end in view the co-operated with
firat
AMERICA'S
STRATEGIC
BOMBING P&O B.I. E&A
STRENGTH
६
Washington, May 23. America's strategic bomb- ing force, which gained new importance in the recent North Atlantic defence talks, now numbers about 500 bombers, it was disclosed-to- day. Only a few are B-30 Superbombers. The others are B-29 Superfortresses bullt during the recent war, and their post-war successors, B-50s. All three types are atomic bomb carriers.
No B-47a Jet bombers have yet been delivered to combat groups. The United States would be entirely responsible for long- range bombardment under plans for dividing military tasks among
The
immediately
the 12 Atlantic- Pact countries as discussed at the London Foreign Ministers' meeting.
bombera evallable for the job are fewer In number than those frequently despatched or single missions in World War II. But the destruc- tive force they can carry is meny times greater than that of the B-17 Flying Forts.
Lieutenant-General Curtis Lemay, Air Force Siretegle Commander, koops the bombing force In constant readiness to strike quickly if the country should be drawn Inte
From the headquarters of Offutt air force baze, Omaha, Nebraska, he commands three alr forces. They are the 15th with head- quarters at March air force base
Riverside,
California, the Fort- Eighth at Carewell base, Larksdale Worth, Texas, and the Second at base, Shreveport | Louisiana.
With the exception of one B-29 group of probably 30 planes based. In the Far East and one currently on duty in England, all strateglo bombers United are stationed In the States ready to be sent in any direction whon its
Any
necessary.
trica: Burna. Iceland, Iraq,lothing and one-eighth. of raw partners in the Sterling Area of the strategie bombers-
without inflight refuelling
The Air world, target in the and others with can reach any Force belleves that present dove- For
such lapment of air defences la that bombers get through
Would with
losses. acceptable
General has
sold that the enemy F-30 was coming until its bomb hit And in exercises over Eng- land
not long ago, B-20s got through the British defences with what for defenders was discourag- Ing ease.- United Press.
BARTER DEAL. CALLED OFF
:.
COMPANIES
1
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT SERVICE
OUTWARDS'
A. "CANTON"
"CARTHAGE"
84. "CORFU"
*. LEAVES LONDON
Balled
Eat Jane
29th Jone
DUE HONGKONG
tib Jana trd July
Dist July
Via Southampton, Port Bald. Aden, Bomber, Colombo, Penang, &
HOMEWARDS
BE "CANTON"
2. "CARTHAGE"
"CORFU
6. "CANTON"
* "CARTHAGE"
"CORYUN..
* "CANTON"
"CHUSAN”
LEAVES HONGKONG
Pik Jane
7th July
4th Aven
1st September 19th September.
271k October
23rd November
9th December
DUE LONDON
10th July
Bib Aurort
1ib Beptember
2nd October 10th October
7th November
24th December
5th January
• Disembarks parergers at Ruthampton on 23rd December, Acopling Cargo for Singapore, Penang, Colambo, Bombay, Aden, Ports Baid a Londum,
OUTWARDS
*4. "BURAT**
"SOMALI“ HOMEWARDS
3. "BOUDAN"
* "SURAT
FREIGHT BERVICE.
DUR BONGKONG -
10th May
29th Jane
FROM
London Continent,
LRAVES DONGROÑO
18th June 2nd July
POR
London & Continent,
Acopti Carge for Singapore, Port #wettenbate. Penank. Oolcta-
Aden, Feet Bald, Gonan, Marselites, Loodon, Hamburg. As werp Rotterdamk. With liberis to call at Bombay it faducemaİ offers.
TANKS AVAILABLE FOR CARRIAGE OF OIL IN BULL
LIMITED PASSEN. SPACE FOR 'REFRIGERATED JARGO. QER ACCOMMODATION.
BRITISH INDIA S.N. CO., LTD.
1. "EKIRALA”
* BANGOLA"
In port
salla Tith Har
de la Mar
*1.0. “TAIREA”-
walk 2nd June 7th Jupa
ji 9th June
from Calcutta, Madraz
Ermita,
for traits, Rangoon Calcutta
from Calcutta via Nan- goon Btralia, for Japan. from Japan..
for Bingapore, Pening, Rangoon & Calcutta.
• These shlpe have Refrigerated Carwo spása,
P. & O./B.I. JOINT SERVICE"
"PURNEA"
In part
saila 20th May due 30th May
"PUNDUA”
malis Blat May'
"OZARDA"
from Ferslan... Unit, Eombay Colombo
Biralta.
for Japan. from
Ferstag, Gylt, Dombay Stralia,”.
for Japani
sue 6th June; from Japan,"· for Birafta,
malis 7th June
Colombo,
Bombay, Kametri “k. Per- klan Quir,
EASTERN & AUSTRALIAN S.S. CO., LTD.
́AK "KASTERN"
don Bist Mur
:
salle fith June
from New Zealand Australia, Ne for Australi
Accepting cargo for Manile, Turt Moraiby, Belabane, Bydney, Mež bourne Adelaide, and on through bills of lading for New Zea land & Pacila faland ports,
if All resouls have liberty to call at, any ports on or off the joy to and the route und sailings are subject to change, az amendment with or without solios.
For full particulars apply to:- MACKINNON, MACKENZIE & CO.
Telephone Nos.-27721-4.
Europe's trade with the Sterling Area is with the UK, and the value of this trade has expanded considerably over the past three and re-ex- (a) Commonwealth countries: years. U.K. exports
Western Europe rose United Kingdom, Australia, ports to Ceylon,
New Zea-from £268 million' in 1947 to loud,
South 385 million in 1948 and to Africa, Southern Rhodesla £407 million in 1949. Roughly
these exports and the British Colonies.
conslet of hi (b) Non-Commonwealth
coun- metals and engineering products, objective, about one-seventh of textiles and U.K. has and Trish Repubile,
Aven therefort materials (including coal). Ir and, through the Marshall Flan, The Sterling
British-controlled oll comprises all the Commonwealth addition
for Canada,
and companies have been furnishing with the other countries of West- countries except four non-Commonwealth coun. Western Europe with nearly half rn Europe in all measures for earning and saving more dollars. Its oil supplies. dries. Canada with her naturally
The expansion of trade with the In return the UK is providing Commonweal close trade and financial links!
Commonwealth and with Europe, with the USA is not a member a steadily-expanding market for it which the UK, has played
the. goods of other OEEC coun- landing port (as the figurer in any would, not know thei of the Sterling ¡Area.
Within the Sterling Area there trics, importing from them £400 Fart 11 Paragraph 3 chow) ha are few restrictions on commer-2920 million in 1948 and £233 penditure; on the other side th
last year, compared with done mu
much to save dollar ex- clat payments, and
and with as the common means of payment million' in 1947: Over two-fifths U.K. has taken many steps, In between members of the are of these imports consisted of food cluding the devaluation of ster- and from one member to nost and drink and nearly one-third ing. to encourage and assist its outside countries,
trade can bu of raw materials, Further, the carried
on multilaterally. ThiU.K, spent £21 million or four exporters to earn dollars.
3. The dollar expenditure of in 1949. means that a
sterling country Ism in Western Europe in
the
rest of the Sterling Area (ex- 4. The overseas Sterling Area cluding the UK.) in the year ean use a sui plus with one mem- ber (or with non-members) to !s also of great importance to erding June 1940 was over $1,100 pay off a debt to another, or in Western Europe as a source of million compared with an
an aver other words that the currencies supply for raw materials.
Woal
of only $250 million in the of the Sterling Area countries is much the largest single item,
Tokyo; May 23. tem years 1934 to 1938. This mor are convertible into one another in this trade. In the first seven thon four-fold Increase In dollar Japanese trade circles reported The need for laborious bilateral or eight months of 1943 France spending is one of the major face today that a contract to import negotiations between pairs of obtained three-fifths of her woo
tors turning the pre-war dolls" 40,000 tons of sugar from Mexico countries is thus avoided and the from the Sterling Area, Italy and surplus of the rest of the Ster- in exchange for Japanese rails level of international frade Belgium four-fifths, Western Ger-
Area into the post-war de-
was called off recently because higher than it would otherwisu many three-quarters.
fcit.
'Mexico
any sugar now lacks Rubber suppleylon,
mainly by
for expert. 2. Transferable Account Sterling
Consequently, In addition to surplus and Malaya
and Jutr
their efforts to moand dollar The
report Bald the deal was In addition to the Sterling Area from India and Pakistan are earnings, the other Sterling Area temporarily signed in February proper, sterling may be used other Important raw *material:
year between the Nuigai countries have their part to play this freely for the settlement of cur- for which Western Europe, relics in economising in dollar expendi- Commercial Company and Scott rent accounts between a number
Overseas Sterling ture in order
and help
the Ster 19. of other countries, for example Area. Western Germany, for in-ling Area pay its way in dollars
Paris, May 29, Chile, Egypt, Holland and the stance, has
been buying nine- De Marshall Ald, dwindles, Fer
Bikini bathing suits, the Dutch monetary area, Italy, Nor-tenths of natural rubber from wh
while the Sterling Area banking
to purchase the same amount of way, Persia. Slam and Sweden.
sources, Italy three- ***
sugar from Cuba, Colombia and scanty morsels of apparel system is designed to cope with In general
the facilities of
Belgium three-fifths temporary deficits with one out..
other Central
South that reveal moré inches of and transferable account sterling are and France one-third
American countries under the bare flesh than any garment side country. (which can be re- extended to countries between
Other primary
products which stored by subsequent surpluser
April/June foreign currency bud- this side of a nudist colony, which payments are fairly wel enter to an important extent late or with deficits in one place which set
also are being shown again by frequency of 845 kiloezelés par second, balanced and which ero not trade between the overseas Ster- can
can bo
was offset b
government by surpluses else- | 144 therefore expected to
become ling Area and Western Europe where, it cannot continue to af-
negotiating to ship Japanese rails Jacques Heira, the designernd, on 9.57 megacycles per second in elther holders of excessive are cocoa from West Africa, tea ford facilities for world-widr to Mexico in exchange either for who first introduced them 81 metre band, ancunts of sterling or uncom from India, Pakistan and Ceylon, multilateral trade if it suffer to of rice of 1,000 bales back in 1940. fortably short of sterling through and tia from Malaya.
of raw cotton, and linseed oil- prolonged from a general and transfers from and to other mem-
United Prees. bers of the group.
shortage of one currency-in thi case. dollars.
Therefore the take to economise in dollar ex- Sterling Area countries agreed to
following the meetin! multilateral, basis, mademonwealth Finance Mini- tries of the transferable account possible by the common use of ters in London in July, 1949, pre
sterling
International." cur- of the utmost importance to the *prospects of the Sterling
be.
3. Share of World Trade
The population of the countries in the Sterling Area is 25 per
Mainly on. We?
her
5. There is no doubt at all that, trade between Western Eu- rope and countries in the Bier- ling Area has been greatly, acl cent of, that of the whole world litated by the fact that trade A further 21 per cent of the throughout this area is conducted world population live in coun-
group.
It has been estimated that in rency
1948 the 1Sterling Area countries. As a 'concrete, example of the Arou
Ananse a déficit
of severa
4
Dramures that th
Eliglish Limited.
The sources said the, Japanese Govemment is now negotiating
Tha
Costume embarrassed
even the mannequin
This year he makes them wit skimpy, strapless brassiere con- nocted by a narrow ribbori 'Be- tween the bust. They look pro.
sures everyoan', they are. "non- slip."
RADIO
Badle Hong Kong broadenzia
H.K.T.
P.M.
19.10—Broądcast for, Bebopla-Selenza
Everyday Life," "Gun In Rome," (BROTH
the
Reditfusion vokingly Insecure but Helm as 19.33 "Hons Kong Calling"-Programe
A.M.
· TED-US"WHE "The Sun, 2,30-Miles) · Clack, TAB-BA, "AN„Kellar Bhaw.' 8.00–News and Weather Forecast," 3.15-Rosario Bourden Bymphoselle, 9.00--Morning – Monic,! 9.00--Thursday's Favourite Classia.
10.39-Morning Madies.
12.00-11.8. Block Exchange.
4. At December, 31 ́ 1940, the did roughly 27 per cent of world benefits which other OEEC coun- trade and the countries of the tries obtain from the multilateral central gold and dollar reserve
of the Sterling Area held in the transferable account group 17 use of sterling, Norway is a pre UK. amounted to $1,638 million. per cent an estimated „tufal, ó- sent running a surplus nsactions Before the war in terms of Dr- 44 per cent world trade. million pounds of transactions 4. Other countries..
with the rest of
The starling".
kent-day purchasing power the Other countries not in
U.K. riserves were equivalent to the and is able to use this with UK over $10,000 million.or about six
urplus C ferable account area and help. "transte allowed to make use of stexting Denmark is able to pay for in- times their end-1849. level... for financing trade with third parts of rubber and tin from parties with the permission of Malaya in pounds, earned from
Manlis, May 24, of cocon
· SALT IN PINK West British Exchange Control.
kelling agricultural
Salt production in the Philip PART II, THE STERLING AREA FORM
aly..buys
to the 1. The exchange of goods and more from Australia services batween the United sells to Australia;
out of a sur Census,
Vast sea water beds in the Kingdom and the rest for the cover this deficit Sterling Area on the one side plus with other members of the lowland sections of the country-tiple Makers
10
Africa with pounds, duct his pines has, attained ĉita: pro-way
AND WESTERN EUROPE) 49 UK: Italy Amalan
"and: the Marshall Fian countries
but le able to
g Aren. France fa
of Europe, on the other, amounts two or three times as much trors
£900
to something. llkd'.
level, according a treats
'0
19.10—B.B.C. School. Froidcast, -17.32–Frồm, The Filmma,
1.00-Light Variety,
· 2,76--News.
1.Orch, Of The Wank ́2:00–Variety „Call The Tune. 4:00~~/The, Novatima+Tylo, wha 4,16--Trophéeum,
· 4,30—Vocally" "Yours) 6,00 Movie Time. -8#0-Children's «Dorner,
are at prosent operating full blase on a Frankle Carle
Stallion: the oversens"}, Sterling Arsim and the Bureau ésthnates thar: ~Behind The "Mslady","
the Is
a year each way.
selling to sit, and would 2. Imports of goods and ser have to do without key suppile
other raw ma vices from the United Kingdom of wool and o und the rest of the Sterling Aropshe were not able to by the Marshall Plan countries
these
purchases with starši during the first threequarters of tained in other ways (la 1949 were roughly as follows under the Intra-Europen
ments Agreement, and. by surplus
French monetary afs
this year's production will egunt or better that of 1988 the las Census year when gross, receipte arams" salt. amounted to, nearly $200,000.
The worklog season usually bealna in December and lasts Intil the end of May when the Painy season starts&Blegest pro- Rucers grow tha
Cavite Luzon,
́1.80-Norman, Cloutler and his ''Maoni
2.00-Dellars for Diées.
(8.3D--Loent- Mega, Ba |9;15-i/Tha: Tweetwood" Berenadere, | 300-Tha||Stare":{la]] Bellamor Dian 10.c0ml.Of New 19,10
No
:
me Bummary.“ 12,02-Ambrza'& His Orch,
(ton, (Vocal) 1,00-Orch. Manolo Bel et aus · Mushar
The trouser portions of the suits Onlah deveral inches below th navel and fasten just beneath the AtID=News, Weather Report and Am left hip-bone with Uny stropnoucement"!
17-Mule and Bong of Frank Laher, tied into a box.
|.00"Hong Kong Calling"-Program-
Ho ahows them in bright- coloured wool jersey, plain : and pylarin-striped cotton and varies the treatment: slightly with each suit by adorning them with stape and bows. He covers one black estton suit with natural fishnet. Heimals: Introduces Bikini skirts this summer. They are just as briefs the pante bur somehow give a little more cover- ed-up look to the suits, pro
All of these." Bikini creations were paradad at the opening oʻ
• Helm's summer style 'show, by i shapely yóbny' marínequin whöst ambarrassed- blushes«wara:an, companied by geops and gofeur ful comment from the crowded Saudiancu, BoN
When Heim first introduced them" füur, yours ago "he" callas them atomi sultansiyo
"But als bid:rvimmi
held in Parlaşd caused, ruch
them that the
I named them: BU
(name) stuck.;
· 1.00--Clone · Down,
Nyaw BusBIBATY,
6.0%-"Show for Quota Thiry
Tule by Grimm. (Childrens Stor 6.32-Orch. Raymonde, here 8.33--Light" Váriety with '/Paul Weston
&iile Orch, j
7.00 Aime. for Male Boutilsh
„Variety. Orch. : (BDQTB)..., 17.30-La Demi-benre -Francaian,, (Alodid)
Anaba #.00-World, Nowe, & Nawa.
-(London: Relay 18-Band Call"The Band of Hinga By Shropshire Light Infantry: Intros
"¿ditoed;"ky":Captain David Jones..
(Relay from the 9-Drone Clubf 8.45- Aperia: Review; by: pili - PA¶llp... 8.00--"From the Editoriala, * (London
ARday) (C 9.10-Walises Mepork, 9.13-"AL" the Opera"Don Pasquale MON-[Donilsatti) / Art--g, with the
2.Peinatpalé' Mèmbers) at 'the'-Closet - /& Orch,, nf, La-Billi Bikan";""bon- Udhetik by Carlo Habaino, Segen, *9.45-Landen Studio, Meidha-The 100-
H
SO} Word) Sund: "Your" World" :(London:
News