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1RIENTAL

THE CHINA MAIL, TUESDAY, MARCH 24, 1963.

Security Measures Without Precedent|| Warning

No other offcizí visitor to London in normal times has been so closely guarded as Marshal Tito, President of Yugoslavia, and this picture illustrates the extent to which some of it was carried. Photo in of Downing Birect, cordoned off while Tilo was at No, 10. the Prime Minister's residence. -Central Press Photo.

American Denial Of

Big U.S. Finance

Corporation

Το

Be Closed Down

Washington, Mar. 23,

The world's biggest lending agency the multi-million dollar Reconstruction Finance Cor- poration is going out of business.

Burma Story leaders agreed at

Republican Administration and Congressional

Washington, Mar. 23.

A United States Army spokesman sald today there IX absolutely no truth to any

mmunitions

A conference with President Eisenhower today to let the depression-born agency

Given To

Socialists

Nationalisation Not

End In Itself

London, Mar. 29. The Labour party, which iM HOW considering new State ownership plans for Inclusion in its next com- prehensive programme, has been told by the Co-opera- tive Union executive, one of its allies, that "nationalisa- tion is not an end in itself.” According to the Co-operative Review, the Union's executive has produced a statement called "Special ownership and con- summer problems” for presentation Its annual congress at Whit- suntide. Nationalisation, says the statement, is good or bad, in so far as it serves, or fails to serve, the purposes al economic Innerzey.

are

de-

The Socialists

warned off State acquisition of co- oporative trading. It is con- tended that wherever the coll- sumer is intimately concerned with the nature of the com- modity or service there is a strong presumption in favour of direct consumer control of the cuterprise as against control by

mable authority.

Socialisation of the listributive trades, and The 'manufacturs of consumer goods "can wef:re be best achieved by the develop- ment of consumers' relail co- operative societies, and by pro- ductive organisations controlled

Them.

die on June 30, 1954. That is the expiration date of it should not be assumed that the present RFC law.

suggestion that Amerien is Speaker Joseph Murtin for,,| furnishing

and one of those who attended the weapons to Chinese Nationalist conference, told newsinen that troops in North Burma.

the liquidation of the indepen- Reports from Burma ondent agency will begin almost Saturday quoted

Burmese immediately. About hat er its officers as saying Nationalist offices across the country will remnants were using American be closed in 60 days. equipment in fornys agninst Burmese villages and that munitions and equipment have recently been supplied to the Chinese by air-drops.

The spokesman said categori- cally, American agency of

any kind Government or

|

Mr Martin said that the de- rision does not rule cu! th

possibility that the RFC, target

of influence peddling charges during the last two years of the

New Delhi

To Request

Bank Aid

New Delhi, Mar. 23.

"It

the ownership of a whole in- dustry is always necessary to remove abuses or to Escure necessary changes

In organisa tion

Much can be done by corrective legislation, Govern- ment participation in manage- ment, the ownership of private units of an industry, and similer

incasures,

"The main objret must be to increase

of change

cconomie

eficiency without converting

le bosses into big ones and to

The Government of India WDX transform economie empires into

Truman Administration, will shortly negotiate with the World well devised instruments of de- out of existence at the end of Bank to obtain financial parti-mercy military is dropping or has this year. dropped" equipment 10 these Chinere forces which Aed to Northern Burma when the Chinese

Communists overran

of

cipation In its iron and steel "Although we envisage a wider Democratic Senator Harry project.

to according Byrd has introduced legislation sources.

offical public control or management we industry coming under

to do that.

need emphasise the

for a con- During the liquidation

The sources sold that technical siderable verloty in the methods mainland. The spokesman added the cess the RFC will not make any assistance and financial part of control. There needs to be $1,000,000, cipation of foreign steel makers flexibility and scope for expert- American Government has no loans greater than knowledge ૉ

It is also Lit-drops

agreed that any

the also would be accepted subjectment, not only in Industries ye of Secretary Commerce, Mr to the condition that overall to be nationalred but in those

the

p20-

that might have been conducted Sinclair Weeks, and the Secre control and management of this the State already owns." by Chan

Chinese Nationalists from

iary of the Treasury, Mr George basic industry should remain in Formosu

He said, however, Nationalists Humphrey, will work out plans the hands of the Government of

arly for the defence industries.

It is said that it had been de

in Northern Burma unquestion-for some other agency to make ndio

small business loans, particu- ably still retain an extensive amount of American equipment supplied them when they were Agiting World War 11 against the Japanese.

War

Statement Put

In Perspective

BOOM FOR TREASURY

not

B.E.A. Asking For Ideas

Loudon, Mar. 23. offering rewards of up to £500 British European Airways is to to employees for ideas €1,200,000 annually, how to wipe out a defeit of

on

the

expenditure and income wiped

However, B.E.A. is not likely to raise fores on any of the

A large number of Republican sided that imunediate sleps Senators and Conservative should be taken for the Democrats, headed by Mr establishment of a major steel Byrd, have been gunning for unit to supplement production The Nationalists 10 in the abolition of the RFC since and that as soon as technical Burma are part of the armies of the Senate Investigating Commissions submit up-to-date pro- General LI MI,

mittee two years ago revealed lects a report on the establish who fought under American direction enak "angled web" of

".

political ment of a thiri stect equipment in "favouritism and influence" in action will be taken to ensure with American

plant The China,~Burma-and-India-its-lending-operations.--

the World Bank's financial

All

of 8,500 members J- theatre of World

participation therein. Associated Press.

DEA, staff-with union approval, The Government of India hasore making suggestions to the Since it was set up in rejected a Japanese offer of ot

company management on how January, 1932, under the Hoover participation but these sources expenses can be cut and the 23. Administration, the RFC has | said Uiat after technical mis-in the £1 difference between made 126,500 loans totalling įsion on which the World Bank

is represented, the Government out. over $13,000,000,000.

One by-product of killing the of India, it is reported.

Will AFC will be to enrich the negotiate with foreign

steel Treasury by

more than $763.- makers,

excluding the 600,000--the amount of loans Japanese, for. technical assist the company's routes. Accord- outstanding as London, Mar. 23.

of the start of ance and financial participato an airline official it is Commander A. H. P. Noble, this year, assuming that all of tion subject to the fundamental more likely the company will that overall control cut fares to tempt more people the loans can be collected. This condition Parliamentary ond Financial10

does not Include 23 and management will be vested to travel by air-United Press. Secretary to the Admiralty, said Agure today that if British warships Government-owned synthetic in the Government of India,

rubber plants and one research "in mothballs" were brought Laboratory which the RFC Into commission, Britain would developed during World War II have the second biggest Navy at a cost of almost $500,000,000. In the world..

The RFC proposed to President Eisenhower and Congress carller this month that these holdings be Gold at a price to be sel by largest

In commission," he said. Potiations with private rubber Industry buyers. The Industry is (The statement that

gold

to be thinking In deans of Soviet

Navy was the second $300,000,000 as a price for the largest in the world was made Government-owned facilities. The by the First Lord of the Ad- Agency made a $17,000,000 proft miralty. Mr J. P. L.. Thomas, on synthetic rubber production in during a

House of Commons the Ascal year debate

on the Navy Estimates on Press, March 10.

"When was said that the Russian Navy, was the second Jurgest in the world; it was meant that it was the second

the

(Britain has four battleships in mothballs-protective cover-

Ing.)-Reuter.

To Represent Queen

United Press.

Too Long On Defensive

Valuable Find

In Jungle

Singapore, Mar. 23.

A British-led expedition has just returned from the Johoro jungle with archacologicni treasure found on the site of a Milan, Mar, 23.

Maloy city destroyed by the Mr Ellsworth Dunker, oul-Portuguzze in 1587, going United States Ambassa

The leader of the expedition, 1952-Unitedor to Italy, sald today that the

Eisenhower Administration's P. D. Williams-Hunt, said foreign policy reflected a grow will be possible to reconstruct Ing feeling that

the the history of the city from West have for too long been on Ands which include pottery and the defensive in the cold war" part of a galleon.

"The initiative has usually

HMS Eagle Ends Visit To Spain

Altacker

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lain with our adversary," he Mr Williams-Hunt said the said. "But this need not be so. expedition uncovered the re- Madrid, Mar. 23. There is no reason why he mains of a large Malay fort on London, Mar. 23.

and piston- should not have to guess what a spot known icts Queen Elizabeth will be re-engined fighters from Britain's our next move may be rather and located near Kota Tinggi presented by her uncle, the biggest aircraft carrier, the than the reverse."

on the banks of the Johore Duke of Gloucester, at the Coron- | 30,800-ton Eagle, flew over the Mr Bunker added that the River in South Malaya. ATP-TENDIETICINI TIDL. Stim of King Felsol II of Iraq on Spanish port of Vigo today as West must realise the

May 2, it was anounced from the carrier left after a five-day greatest Soviet threat was not He plans to return to the area Buckingham Palace tonight. courtesy visit. She was escort-the Red armies or their to conduct a further search in The Duko is expected to make ed by the British destroyer St propaganda "but the Kremlin's July ог August, Associated the journey by air-Reuter

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