Theatis
SHOWING TODAY
Four Shows at 2.30, 5.20, 7.30 & 9,30, p.m. '
THE BOGART SUSPENSE PICTURE WITH THE SURPRISE
FINISH!
RĀKIKUNDEN PICTURES
HUMPHREY
BOGART
In A Lonely Place
GLORIA GRAHAME
Frank Lovejoy Carl Benton Reid Arl Smith Jeff Dowell · Matha Stewart
›
Scrum May by Andega Sat, « À SANTANA PRODUCTION
ROBERT LORD.
•
NICHOLAS RAY
ALSO: LATEST PARAMOUNT NEWS:-- “VICTORY IN KOREA"
The Landings at fnchon and the drive on Seoul carried out.by-UN Forces,
MORNING SHOW TOMORROW at 11,30 a.m.
Paramount Presents.
COLOUR CARTOONS
PROGRAMME
AT REDUCED PRICES
LEE Liberty
COMING ATTRACTION
THE WORLD'S GREATEST LOVE STORY!
SEE Samson tricked by Delilah!
stilly Masterpiere
Samson and Delilah
Later by regionCOLORS
HEDY LÁMARR VICTOR MATURE GEORGE SANDERS
ANGELA CANSBURY HENRY VIILCOXON
Produced and hirnered by Cued B DyMil!«.
SEE Samson fight
a lion bare-handed!
249 and Malstak en ohy V Bio, befpry 15 15
Prius
THE CHINA MAIL, SATURDAY, SEPTEMBER 30, 1950.
RUMOURS OF INCREASE IN STERLING'S VALUE
London, September 28.
The world markat this wook has been dominated by inflation, soaring dol
lar reserves in Britain and many other countries, woakening of the dollar against sterling, and resultont rumours of currency changes particularly of some eventual rise in storling against the dollar. The question of sterling balances-in which India. must have a decisive
voice-has remarkably re-emerged.
Thanks to inflation senti · | At last week's London meeting; to India. Proposals for the rest Finance of South and South East Asla con ment, some commodities, no- of the Commonwealth
and India to be mainly financed through loann tably rubber, which had pre-Ministers, Ceylon viously boomed un bad Korean somo extent Justified American but aid to India must be largely news, boomed further instead hopes that they would urge Bri- outright grants against reduction
tain to loosen up on dollar im-jot India's sterling balances. of stumping when Korean
ports. But the general decision news turned better.
was to continue follar savingű, so Rubber shares in Londen bens to enlarge dollar reserves fur- latedly developed a mild bromther.
Devolopment needs
but
Mr. Menzies
་
goes ahead on anti-Red bill
Canberra, September 28. The -Australian 'Prste Minister,. Mr. Robert G. Menzies, today re-introduced the Communist Party' DRO aslution Biff in the House, of Aepresentatives and challeng- ed the Labour Party to force an election on the legs,
The House Approved guillotine time-table requiring. the Bill's pasange through the
House on October 3 in, readi ness for re-submission to the Labour-controlled Sonate on October 4.
The Sanato rajected the Bill three months' ap7--fou• ter.
FRENCH ECONOMIC PLAN
Paris, September 26.
A
America should not press Bri- But there events appeared tem- The sterling rate depends not tain for either rearmament or con porary, Some commodities, in- merely on Britain's disinfiation | vertibility on a scale that would cluding even wool which is very but on inflation anywhere in the seriously worsen her. external light, appear to be passing their sterling area or transferable ster- | balance. Adequate development boom peak. Inflationists have had King area, in which sterling clr of sterling area countries-so im- a wonderful lime but they may culates. Either a higher rate or portant to overall defence-re- be counter-attacked from many convertibility must probably quires continued release of ster- directions in the coming months. await finding or some other deling balances and continued Bri-
Next week's
k's quarterly return on finite settlement of wartime stor- tish Investment in colonics. Britain's dollar reserves. maying balances,
Bearmament makes the sterling
The Government today blue- show an unprecedented increase Soaring Hollar of about US$100,000,000 to a total have most effect not on exchange commodity prices
recorves mayores equntries bonefli from higher printed a sweeping, économi Britain programme to make Franc of over US$3,000,000,000, its com rates but on commodity markets will differ. Her sterling balance strong before. Germany is a pared with only US$1,340,000,000 (by enabling sterling countries to liabilities will rise faster than lowed to rearm. on the eve of devaluation a year afford dallar goods, if obtainable, her dollar reserves.
instead of paying premiums for Convertibility is
fs impractleable Instead of the previous dollar soft currency goods merely to unul Britain, immobilises part of Hap, the sterling aren's dollar surave dollars) and on the work her sterling balances aut becomes plus this quarter may have risen
economie development, parlleu-
cu-competitive ju work markets. Custer thun Marshull old bas
larly in Asia.
United Thereafter the fallen. This must be due to firstly,
Since the devaluation of ster-should help by granting a atabili Righ dollar commodity earnings of
ling, the
sterling area has been sation credit to Britain and dollar aversens sterling Arca countries,
superh banking system. Cer-aid to countries especially, South East Asia;
Secondly, Britain's own dollar earnings, particularly on oll, and thirdly, the fight of capital from dollars into sterling.
Upward pressure on sterling
external Britain's own ments this year have been balunce or a smell surplus,
IC-
M. Rene Plaven's .coalition Cabinet decided, at a four-hour meeting, to inaugurate economic controls to back up France's now armament programme. Stales A Cabinet communique
afirmed France's strong opposi tion to early rearmament of
said that the Government would toward Germany after France's rearmament was well
tainly Britain did not lend Indian bilised sterling balang Immo Germany but Party spokesmen
sterling to Pakistan-but the effect of India's enlarged sterling balances and Pakistan's sterling
the
All this which is essentially a relent
tons of the Economic Co-opera- under way. tion Administration and the State
the
overdraft was just about
distinct from Department, disti
The programme agreed on to- same as if Britain had.
day included: U.S. Treasury and International Britain could now afford to In-Alonetary Fund) may be too raw materials as Iron, wool, lea- 1. A ban on exports of such vest dollar-backed sterling abroad. gloomy: Britain seems already ther and hide. Since London has far more ex corapetitive in world markets. The 2. Limitations pay-perience than New York in in- trouble about sterling's under ternational investment, this might valuation is that most British ex- But become a very big thing.
ports are too cheap.Reuter.
in
the enlargement of gold and dol- faz 1 reserves Inust have been financed by enlargement of ster- ling balancer, (notably including Iulia's) or by other movements of capital to Britain.
The great contrast with wartime enlargements of stering balances Is that the present increases are more than fully backed by dollars.
With dollar reserves soaring also in Canada, Latin America and many other parts of the world, distrust of the dollar and expectations of a risa in ster- ling are growing'space.
One high. British official in"re- ported to believe that the British Treasury should hold on to gold
or sterling, not dollars.
U.S. report
·
Sterling balancea are all over the draft report by, President „Truman's special adviser en the world dollar gap. The draft is understood to make the following points:-
the
COOK'S CLOSE IN SHANGHAI
of exports of steel, certain chemical products, some Industrial equipment, and some foods Including meat.
3. Accelerated import and stockpiling of wool, rubber tyres, shoes, workmon's clothing, rub- her boots und other items likely to become critical as the Western world rearms.
Foreign firms in Shanghai are The Cabinet communique sald continuing to close down their the measures were intended to operations. The latest liquida- | curb Inflation due to mounting tion, according to a Shanghai re- armament expenditures. The Rearmament will benent the port, is Thomas Cook and Son, Cabinet also approved a series of dollar position of many parts of the travel agency. Three foreign measures intended to prevent world, including Latin banks have also closed their doors speculation by manufacturers and America, Canada, Japan and In the past two months.--United dealers in baile goods-Unilled
aountries many sterling
but Fress.
Presa not india or Britain. Japan's rising production should make her independent of American ald after 1881.
Morkels in South and South East Asia, Latin America and Sterling Korea promise to solve Japan's
Is coming under upward pressure biggest problem. Middle Eart may
de- will
as strong as last year's downward 'benefit from higher all and cotton
It had to be devalued prices but has only limlled pressure. last year because there was
prospects and more velopment Inflation here than in America. | suffer from dearer imports. Many believe it will have to rise The now governments of South soon because America with, its and South East Asia are on trial psychology and commitments is in their ability to solve their how having more inflation than agricultural problem in face of Britain.
Communist wooing of the pea-
παν
Such views may be very pre- santo, mature to say the least. British Indonesia and Malaya should spectacularly from Wes- Intention of either a tern rearmament, "Slam's 'rice and sterling rate or converti- rubber and. Coylon's tea should They are ultra-cautious towards share in the benent. Burma's rice output, one third of the pre-war making much less use of the level, is improving. No improve- soaring dollar reserves, for ment is to be expected in Indo- example, by exchange decontrols Ching until its internal situation or less restrictions on Imports of greatly improves. dollar goods into sterling, coun- tries.
Stics appear to have no beneft
Western defence programmes offer little ceonomic Improvement]
KING'S
AIR-CONDITIONED
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AT 2.30, 515, 7.20 and 9.30 P.M. EXTRA PERFORMANCE TOMORROW
AT 11,30 A.M.
INNOCENT BEAUTY TRAPPED FOR PAGAN PLEASURES..
More thrills than ever, when Tarzan battiat:flèndish tras- "like savages guarding a socrat Kingdom of Evil?
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TARZAN AND THE SLAVE GIRL
LEX BARKER
VANESSA BROWN - ROBERT ALDA.
QUEENS ALHAMBRA
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Showing Today at 2.30, 5.15, 7.20 & 9.30 P.M.
-G-M
TECHNICOLOR
ADVENTURE
"ROMANCEÍ.
M-GMS
THE
TECHNICOLOR
utriders
Storring
JOEL MCCREA MARLENE DAHL
5 SHOWS TOMORROW Extra Performance * THE OUTRIDERS QUEEN'S
AT 11.30 A.M..
ALHAMBRA
At 12 NOON
ORIENTAL
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TAKE ANY EASTEEN TRAM CAR OR HAPPY VALLEY BUS
Showing Today: 2.30, 5.30, 7.30 & 9.30
This Thrilling Story of 17th Century Sea Piraten is sald to be one of the Most Elaborate and Pretentious, ductions, in Screen History I.
CAPTAIN BLOOD
ERROL
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FLYNN · D. HAVILLAND
Faze
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A PICTURE
THAT DARES
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DIFFERENTI
BROADWAY
COMMENCING TOMORROW
...the hero's a football coach who doesn't win a game!· "the fast-second fouchdown Isa't made-aver!
...the maid cleans upp-baiting in the other teah!
FATHER
FRED
MacMURRAY
MAUREEN
O'HARA
FULLBACK
BETTY LYNN RUDY VALLEE
Thefat Miller - Natalia Wood · James G, Kaskor, JOHN M. STAHL-FRED KOHLMAR
Sousa luy Maher tomir, Bón RÐUM, MO) LỚN WI DARK KALEV kijpstrók, erlays,
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IN TECHNICOLOR. RELEASED: TURU 20th Century-Fox Pictures For Young and Old
LIBERTY
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* COMMENCING TODAY
2.30, 5.30, 7.30 & 9:30 p.m.
at
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GENE RAYMOND ·SIGRI GURIE
Patricia MORISON Mischa AUER -Jolin WENCRAF
REINKAROT-*** Home PRESHELL,
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JOYFUL PROG
FAIRY TALE CARTO
In Technicolor.
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