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THE CHINA MAIL,, MONDAY, MAY 26, 1952.
French MP Japan's Industrialists
On Trial
Jean Dourdain, ex-French M.P., in the dock at Versailles, where with another ex-M.P.. de Rear, he is charged with stealing State Bands run the Arrad Treasury worth Fri00,000. -Express Photo.
Civil Service "Quiz" On
London, May 25.
em-
The Government is now Issuing 14,000 forms asking zenlor professioni ployees whether they have ever belonged to the Com- munist or to the Fascist partios.
Me Stanley Mayne, General Secretary of the Institution of Professional Civil. Servants, told a meet- ing colentine workers
of today that they were also being asked if they had over" belonged to my or- Kanisation associated with or in sympathy with the Communist PartyReuter.
Polly Tries
WARNING GIVEN ON
AID CUTS
Paris, May 25, Mr William H. Draper, special United Blated representative and head of the Mutual Security Agency, today issued an urgent statement condemning the large cuts made by the House of Representatives in the military rnd economic assistance pro- gramme.
The cuts, he aald, if concurred In by the Senate, would mton reducing economic and military assistance to Europe by 27 per cent and have serious implications
security the future the United States,
en.
of
Democrat Senators are con-
Worried By Trade Picture
Tokyo, May 26.
Japan is again politically independent but most Japanese industrialists are concerned about the possible future results of her continuing econo- mic dependence on uncertain trade factors in a. competitive world.
In the first month of the life of the "new Japan" the Japanese were measuring the task of organising the nation's war-eroded economy with its obligation to support a land-hungry population now rising above 85,000,000.
After a decade of unsucce¡sful · Imperial adven- ture Japan has lost much of her once-prosperous world trade. She is left with a distorted economy, starved for capital, handicapped with an out-of-date industrial machine, and complètely at the mercy of world business trends.
Japan's approach to financial forms enabled Jepan to show a stability · during the occupation, favourable balanso of thd was largely ailributed to about equivalent of more than $504, 2,000 million dollars of American | 000,000 in her international aid.
accounts in the 1951 fiscal year.
A FALLACK
mony
Because this nith was given gcherously, and becative special conditions of world rearma- Her real trade showed a loss or of the equivalent of more than Korean ment and the
The elmulated the nation's economy, $254,000,000.
Kup Буду look plugged chiefly with occupation Japanese already back on occupation up "the spending, United Nations pur- солу period" In
und final in- national chases for Korca Anances.
stalments of direct American uld. Unlied States officials With freedom, the flood of estimated Japan received more American aid in cash, supplies than $700,000,000 last year from all techhiebl cltill is expected these sources.
American garricon foreca for spending more supplies have Kore
in war and possible
to slow down.
4
American economists served sharp warning that; unless Japan pays her own way through self-disciplined indur trial Efficiency the can expect no further assistance from the Western world.
They have called Japancar tenders "loo optimistic" in their present attitude towards future.
the
Influential Japanese have advised the nation. that American aid and conditions of world rearmament would con- tinut to ease Japan's struggle for survival
EXPERTS' WARNING
peace, and nomo Armamchis
ordera from America, are ex- pected to keep Japan out of the red again this year, But ob- servers noted the pace of world demand for the materials of rearmainent is slewing.
The Director of Japan's oc- cupation
Major- Marquat, said: The fallacy that America will buy anything, anywhere, at any price is being rapidly exploded. and investment capital, he said. If Japan wanted foreign orders she must ear them with en- cient industries,
Genetul Womy,
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18-&-M4
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The Diary of A Bride PIER ANGELİ - JOHN ERICSON
Walter Wangor's, Cinecalor
To-morrow! "ALADDIN AND HIS LAMP'
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32 VIXO MERUM Koka vats
Bing Crosby Fred Astaire JOAN Caulfield
A Parambe Picture
ORIENTAL
AIR CONDITIONED
Tako Any Eastern Tram Car or Happy Valley Bus!
It was noted that Japan's kne visible Inecmo last year came to more that 80 per cent
of Final Showing To-day: 2.305.30-7.30 & 9.30 P.M. This thinking stemmed from the value of visible trade in-
come. In pre-war years IN ALL ITS SAVAGE SPLENDORI ACTUALLY 'FILMED the widely-held concept that
Japan's invlible earnings indispensable represented less Japan. La En
than 10 per arsenal and bulwark against ceat of visible trade.
IN THE EVERGLADES VASTNESS WHERE CAMERAS It was Communism in the Far East. belloved the ratio
NEVER PENETRATED BEFOREI '....... IN TECHNICOLORI must some Leading Japanese
time soon again shrink to these
economists
have expressed the opinion that
America "could not afford" to s left Japan with her ma- stand by while Japan drowned jor problems-how
mw
to step up in a sea of economic troubles. exports to pay for her imported materials and foodstuffs. But American experts warn No one in Japan could imme- fident that they can restore the Japanest against cuntinued diately produce any remedy for dollar sources of ma-
some
To Make It House of Representatives made Japan, they say, must speedily ence on
of the steep cuts the dependence on outside aid. Japan big problem-depend
Visiting
Day
DA
an Friday in the new foreign forgot the protettive effect of terials and dependence ald programme.
the occupation and learn as fast sterling makkels for her pro- But as the Benate prepared to as possible the whole responal-cessed goods-Reuter. open a debate
"ald bilities or independence, the on measure on Monday, the Re-
Leading economic reviews Lunzion, May 25. publican Opposition is seeking have stated that the slighten When Polly, the green para support for even
mare drastic move keet, decided to visit Clacton cuts than the House
to raise tariff barriers total of overseas would prevent Jogan's Hospital, she may or may Hot
achieving the increase in her have known that her owner, Mrg more than $1,700 million. Mollie Mann, has been a patient The President originally ask prezent export trade needed to Con- for $7,900 million the American assistance of
ensure living standards. ed 'Congress But Polly did make the trip-military ond economic aid for all on her own, hopping atid Europe, the Near East, Asia, the Som $600,000,000 a year will be Happing half A mile over Pacife and Latin America In the necessary for several years,
these commentators believe. gardens and across pavements coming Anancial year. from the house in King's-road
But the -Behnte Foreign Ne
there for three weeks.
where neighbours were looking
after her.
An, open window gave her the chance to escape.
For more than two hours Polly dodged porters and nurses in the hospital grounds.
Then, with as much dignity as At 2.30, 5.15, a rather ruffled parakeet could 7.30 & 9.40 muster, Polly strutted into the
Hospital's main entrance hall, P.M.
But she never reached her mistress. The malron Miss Resina Sedley, grabbed Polly and shut her up in a laundry basket.
SPECIAL LENGTH NEWSREEL OF WORLD WAR HI BY WAR REPORTER FROM EAST-LINE FRONTIER!
TTLE-RUSSIA-HAZI STRIKE
Alio Colour Shorts: BUST DEVELOPMENT'
POP
Salt Mit Sealoy: "We didn't realise the bird belonged to a patient unul we got in touch with the pollee. Mrs Mann's felends collected it."
That Old-World
Atmosphere
Vasice, May 23. Venetian aristocrats are cook Ing to ban the sale of Coca- Colà on the Grand Canal Gon dolar to preserve the canal's old world atmosphere.
Japanese economists seo theso
economic survival:
ESTIMATE OF WORLD
RICE CROP
Washington, May 25.
ations Committee has already requirements for Japan's future. The world's rine crop for the
leut it by 81,000 million.
Further cuts are proposed in three motions, two of them sponsored by Republicans, the third by a Southern Democrat,
-Reutch
Another Bomb Exploded
year from August, 1951 to July, 1952 showed little change in volume from the preceeding two years, the US. Department at Agriculture said
said today. The Department's Office of Relations Agricultural estimated that the output would 2 International agreement to total 337,000 million lbs. com- restore free exchange of cur-pared with 380,000 million Ibs. rencies, especially the con- la 1980-61, and 337,000 million vetibulty of. dollars and Ibr. in 1940-00. Sterling
Declines In
TRADE WITH CHINA
1. Continued foreign aid, in the form of direct assistance, Investment capital and atma- ments
orders placed with Foreign Japanese industry.
3. Stability in Asian markets, Bouth Amorich,
production
WARNER BROS. PRESENT
DISTANT
B
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FRIMPHREY
BOGART AFRICAN
One thousand troops and 400 including gradual recovery of Oceania were offect largely by HEPBURN QUEEN
Las Vegas. May 25,
In trade with the Chinese mul- pronounced gains in North military observers crouched
America and Europe, the state- foxholes in Nevada at dawn to land. day as another atom bomb was Completely overhauled ment said, dejonated about three and a half Japanese industries selling at
The Asian rice output at miles away:
least 30 per cent more exports 310,500 million. 1be. nearly ap- In the then before the Pacific war.
proached that of the year before. Domestic Inflation held in post war average it was still only. Though considerably above the check.
None of these "requirements" per cent of the pre-war pro-
duction. was regarded as easy to achieve.
Low yields por Japan's present position is seen caused the drop in output.
dere again The familiar mushrooin cloud containing many actinglai fac-
The land used for rice-growing was kesh for nearly 20 minutes törs- currently disguising the had increased an all continents In the partly overcilst akty. real diftulty of achieving in fécent year), - the announce.
was the sixt American tests this Spring.
The ash and the orange are- ball, lasting 15 seconds, werg as bright bs any of the earlier tests here.
The troops advanced soon stability, after the blast to inspect damage Indirect and to military equipment-Reuter. recurring
Meating place
ravenues
CHINESE
ment said.
possibly hen- But ünfavourable Weather In various reduced the average of yields per
pere--Reuter.
OPTICAL CO
To know where to buy
ŝa no Úsporženi je glansen. já In anything slawn. Wa hope ojt mean to all tha guide ybé nòid · 11,
im kption).
C), QUEEN'S BOAS CONTÉM, WING KONG.
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