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THE CHINA MAIĻ, TUESDAY, OCTOBER 3, 1950.
Traders elated over prospect of early end to Korean war
Trado circles in Hong Kong are olated over the prospect of an early and of the Korean war. Unconditional surrender of the North Koreans is believed to be a foregone conclusion, dos- pite official denial of such, up to the prosent tima. Business men, with a business mentality, expect no further threat of a third world war for at least another 12 months, a good enough breathing space for any business mon to make good in a boom period.
Is a boom period expected in trade? The answer is de- (initely 'yes." With world prices for most commodities on a non-stop spurt ever since the Korvan flare-up three months ago, it has been taken for granted in commercial circles
In Hong Kong, as elsewhere in the world, that world war was
near.
In Hong Kong prices for all commodities have gone up. but despite this increase merchants are placing orders for replacement, a Sure sign that trade circles feel that eventually trouble will break out afresh, and is better to luy in fresh stocks now.
What has contributed to this change? Agnin it is no getting awny · Troty the inevitable trade barometer of supply and demand. j Commumist agencies, set up in Hong Kong over the last three months, reported to exceed 30 in number.
No officit status is attached to these agencies. To the commer- cial world they are just ordinary trading agents, but those in the "know are aware that they are agents of the various regional
Planning trip to the moon
Paris, October 2. Fifty scientists of eight nations plan- met yesterday to start ning the first rocket trip to the
noon.
tracte bureaux in China which are, In fact, state monopolies..
No deterrent
These agencies have been quiet- ly buying up whatever essential materials there may be had from Hong Kong's vast stock pile. Ex- port bans on wor potentials have been no deterrent, There are always many channels for amug- gling which circumvent the law, and the extent of the purchases show how effectively the prezent agencies get the goods over to means.
the
mainland by clandestine
Directly As a result of the Teverish activities
there of agencies acting for the Com- munist trade bureaux, the vast had packed stock piles which
the godowns to the bursting point by four months ago, are now more or less depleted. Once more orders are being place for stock lots that cap be shipped immediately, but dell- veries during the first quarter of 1951 are also being rapklly booked up.
Merchants say the Communists in China are in desperate need of essential materials. The ban on war potentials has had a psycholo gleal effect. Local merchants. knowing full well the smuggling channels, are the largest pur- chasers. A proft of 30 to 40 per cent is in prospect, unless their export channels to the mainland are blocked, and in any case they hoping that in a few months' time, present restrictions will be bited.
arc
The transition in China from free trade to a state monopoly has, therefore, not affected trade in so far as Hong Kong Is con-
They opened a three-day con- gress at the Sorbonne to organise the world's first association for travel between planets and cerned. exchange Information on spacej flights.
Valentine Cleaver, President of the British Interplanetary Society. said: "It may be 30, 40 or even 50 years hence that men first land on the moon, but we know already that it is possible.”—As- sociated Press.
Hong Kong merchants say so long as Communist China needs foreign trade, import or export, Hong Kong will remain the chan- nel for such trade, restriction or no restriction. And because they think the Communists want such trade, local trade, circles have no fear for the future.
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Australian recruiting campaign
Melbourne, October 1.
The Australian Prime Min. leter, Mr. Robert G. Menzies, Laid In a broadcast tonight that if freedom was to be preserved "we must be ready to defend it not only in Syd- ney and Melbourne but wherever the attack comes."
"RAT.
Menzies, who wat opening а recruiting cam- paign for all three Services, said: "Nathing we can do cán bộ more eloquent, no-
bettor thing could afford proof of our determination to stand with our friends. than a completely successful entlatment in the Armed Ser. vices."
He said the challenge Lo treedom was n world chal. lenge and ite defence must be a world defence-Reuter.
Communist propaganda in Europe
AND IF THERES ANY MALARKEY IN GERMANY WE'LL BE THERE TOO
PERSUE
KORLA
line
UN PUSH
Seoul
Pusan
LABOUR PLANNING TO CAPTURE CURAL VOTE AT NEXT ELECTIONS
Margato, October 1.
The Labour Party briofed an underground army of barn-door knockors to-
day to capture the farmer's vote at the next general ejection. Loss of rural votes cost the Socialists heavily in last February's election. Their control of Parliament was reduced to knife-edge thinness.
LABOUR POLICY ON
- KOREA
Margate, October 1. Labour Party leaders, meet ing here tonight, are expected to issue an important policy document setting out their at- itude to the future of Korea and whether United Nation: troops should advance across the 38th Parallel.
Strong differences of opinion are known to exist among Part members on this issue, and there is likely to be a lively debat
when the next Thursday policy statement will come be fore the Party's Annual Confer- ence here.
nev
Tel Aviv, October 1. Left wingers are expected to Isrucl's financial troubles launch an open attack on La have all but halled the inbour's foreign policy and parti- portation of American news.culorly on the new defence pro. papers and magazines and made Russian the predominant fore- ign language on Isruel's news- stands.
The Soviet Union's propaganda campaign here has been given tremendous impetus by Israel's drive to conserve dollars and other hurd currencies. Every European language and many of other con- tinents used to be represented at newspaper kiosks here. All were in constant demand,-for-this-na- tlon's citizens come from some 50 different lands.
OF
gramme.
which opens The conference, tomorrow, may also take an im- portant decision amending the Party's policy on wages, prices and profits.
It was understood today tho' the 47 resolutions submitted on these subjects—nearly all of them, highly critical of the results o the Government's economic po
leias-have been telescoped into one composite resolution, which calls for stricter control of prices and profits so as to Increase. th workers' real wages. Russian- The Party's Executive Com- those mitee is due to meet tonight to
other
Today, however, language periodicals priated
Russia in languages outnumber other approve the new statement foreign printed matter by about foreign and defence policy and to decide its attitude to the eco- two to one. The law of supply and demand has nothing to do
nomic policy question.Reuter. with it.
When
Israel's foreign exchange problems became acute two years UKO, the import of Western books and periodicals was limited to expenditure of US$0,000 a month. The result has been the virtual disappearance of American pub- blications and newspapers.
by which Soviet publications are paid for in Israel money,
This money is paid into blocked accounts spent in Israel.
Despite the number of Russian publications one seldom sees any- one with a Russian newspaper under his arm. But the limited The Soviet poured its publica- number of British and American tions Into Israel through an agree- | publications are passed from inent with the Israel Government, I reader to reader.--Ünited Fress.
Washington keeps eye on Kremlin
New York, October 1. Time is running out, but American Policy-makers think that Russia may come up with an eleventh hour offer to help end the Koroan war salvage some Communist prestige.
Why Russia has not yet made an open move despite the shattering of Communist forces in Korea has surprised some State Department authori ties.
Two separate sessions in ad- I may improve their chances with vance of tomorrow's opening Con- of the Parly's Annual
ference brought election agents and Party organisers from all corners of Britain to hear the new strategy.
Conference delegates, Members of Parliament, candidates for the next election, and paid Party agents met 1or a briefin in poli- tical wariare by Mr. Herbert Morrison. Deputy Prime Minister and Party strategist.
门
Mr. Morrison' advised U new. hard-headed. ruthless drive, intormed source said after the closed session.
ad-
Certain seats are 30 solidly Conservative, Mr. Morrison vised, that it is a waste of time and money
to battle hard for them. They must be marked off as lost.
I
But there are whole handfuls of rural sents which Labour lost) only very narrowly last February. There be said, is where the battle must be concentrated.
"Guerilla war"
The former, he added, is not going to be won over to Socialism by street corner harangues, parades, bonfires, banners, and loudspeaker trucks.
Instead, Mr. Morrison advised, the hard core of loyal Party workers' must wage a sort of "querilia” warfare"on"every ̋op-
position or doubtful voter.
or
Tackle them singly in converan- tions, he urged. Knock op doors. Talk with the wives. Do not hesitate to go in the barn cut to the field. Pitch hay with the farmers if necessary to talk to them-but talk to every one of them, Mr. Morrison said.
This sort of intensive cultiva- tion of votes won the Socialists on overwhelming majority in the 1045 election. Lack, of It last February left the Party with only 314 seats out of the 625 in the House of Commons.
A grievance
Workers are still restive about tied cottages, which force them to leave their homes if they leave. .their present jobs for ones across the road. They want the tied cot- tage abolished They want better] homes, better pay, and piped
.water.
Loud cries of distress over the fallure so far to achieve these ends were heard at today's · con- ference.
meet
Mr. Morrison indicated the Government is ready to those complaints from the rural areas now that it has accomplish- ed its mejor plans for State ownership of industry,
Strategists believe a willingness to meet these demands will help Influence the form vote. They also consider that timing the election for next Spring-the keliest date so for mentioned
In the view of American, from New Delhi and the United exports, the Russians now have Nations headquarters In New York. two possible courses of action:
The real Soviet peace move. officials said, would probably be 1. To maintain a strict hands designed to keep the United Na- clear warning to other satellites off attitude and do nothing burtions occupation forces out of that once they undertake a 'mill- shout that the Korean war was North Korea and thus set up a tary venture at Moscow's urging started by the United States buffer zone between South Korea they may be left out in the cold.
and the Manchurian-Soviet bor- This fact, officials said, may and its South Korean "pup- pets"
and that the Soviet der. But they said that a plan dampen the enthusiasm of other Union remains the world's of this kind would be unacceptable Communist leaders who may have
to the United Nations.
been dreaming of military ventures peace champión...
in Europe and Asia.
The State Department the Communists to, start a now propaganda campaign against alleged conspiratorial aims of the United States for world domina
on through the United Nations. In anticipation of this campaign, the State Department's Voice of America was already started telling North Korean listeners that the United States has no dudra to establish military bands in Koren.
United Press.
2. To attempt to get into final negotiation by offering: perhaps through India, the good offices of the Soyfet Union to wind up the Korcan war. Tha.
that "The possibility, India might be approached was heightened by reports that the Indian Prime Minister, Jawaharlal Nehru, would oppose any move to wand Unlled Nations forces scross the 30th Farallel into North
Warning to satolliter
Whether or not Russia dooldes on a last-minute manoeuvre, officials here bellove that the Boviet has suffered an extremely surious blow to its prestigo and that of Communism in the Korean debacle,
The Soviet decision not to back Korea. Those reports were in line up its puppet when the fighting with information reaching here, became tough is regarded here as al
looks for
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Wet weather caused a poor.
harvest this summer and autumn. a hard By spring, they reason, winter will be over and the farmers will be at their optimistic best, when the hopeful planting of new crops has been completed-As- sociatel Press.
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