THE CHINA MAIL, TUESDAY, OCTOBER, 20, 1963.
Watching The “Good Boy's" Wedding
Fugland after being released from a 1.0.W. camp in Korra, shown feaving his parish church in Nunhead Lane, London, after his marriage to Miss Allee Mico. When the bridegroom was a prisoner of war in Korea he had to write hundreds of timen "I will be a good boy. will be a Communist." He wan
In the Gloucester Regiment;
Laner/Corporal Fred Simpson, who has just returned to
Revision
Of Constitution
French Assembly's Task
Paris, Oct. 19.
new
One of the tasks facing the French Parliament during its session will be to continue the revision of the much criticised constitution of the Fourth Republic.
The National Assembly set the cumbrous machinery in motion on July 21, two days befo: : it adjourned for the summer vacation, by approving draft amendments to several articles.
Empire Plan's Final Link
Auckland, Oct. 18. The new Himatangi radlo transmitting station - one of several which will relay the Queen's Christmas broadcast from Auckland- will fort the final link In
a Commonwealth communi-
મ
cations scheme.
The £500,000 transmitter win
remmunicate directly with the Northern Remi- Anbere.
Present dificulties crcat- ed by having to lok first with Australia whil be tovercome. One radio ehun- nel to London will pass over Japan and the other will en over the Aulatelic. -China Man Spesial
These will come before the the Assembly to vote him into Counell of the Republie (upper office, instead ! เก absolute hatase) when Parliament re majority of
members, assembles. After that, severnt | whether present and volinį, or different thugs may happen to net, at present. then, but finally either the two
Moreover, he will form his housex will pass 41 ugreed amending bill or the people will Cabinet Arst and then submit it
be-to the Assembly to decide
be called upon tween them by veling in fl referendum.
of
The present constitution, the since the revolution 1791, was approyed in a referen- dum on October 13, 1946.
for approval,
追
Under the existing system,
Atinister-designate Prime
has been known to get his investi
TRADE and COMMERCE SECTION
BID BY
Foreign Import Duties| KYANITE
Still Barrier To UK Exports Expansion
London, Oct. 19.
A large margin of Britain's competitive advantage of compara tively low-cost staple fibre and rayon yarn supplies in international markets is being offset by high foreign import duties on piece goods.
Import quotas and other restrictions are an additional barrior to the ex- pansion of UK exports.
The Industry here hog welcomed the recent announcement of a relaxation in Australian import restrictions. But apokesmen said a further improvement was nreersary before the situation could be considered antisfactory.
Time Not Ripe For Currency Convertibility
Paris, Oct. 19.
M. Robert Marjolin, Secretary General of the Organisation for European Economic Co-opera- tion, has said in an interview published here that it is desirable to achieve the free convertibility of currencies as soon as possible but the time is not yet ripo for such an operation,
They pointed out Category B—which ncurly all rayon and Fayon plece goods-the
covers
KENYA
Kenya is making a bid to
re-establish herself as the
HONGKONG SHARE MARKET
*
<Prom Our Correspondent),
Business done on the Stock
world's number one PO Exchange this morning uniqunt- ducer of strategically vitaled to $113,915.20. Noon quota- kyanite.
Untin few years ago the
the
tions and the morning's tran- sactions:--
JK Nonk.
Underwriter 5.30
DOCKS, KTU.
K. Wharf .. 1ock Provideal
J
2100
200 1000 4 0.90
Colony held the world record SHADES BUYERS SELLERS SĀĻKS for production of this mineral. BANKS Nations. stockpiling ornaments race provided
1030 1313 10 1510 highly profitable, ever ready INSURANCES market for it. They needed
tu Bre the blast Poten furnaces of the war plants.
Kenya's kynnite miners were on top of the world. A A fabulous that in and had put them there...the spundircovery of huge out-crops of kyanile as bigg na coltages near quota
They Imports from all non- the Tanganyika dollar sources had been raised
were even able to dictate terms to the United States Govern- by only 10 per cent of the buso
ment; extracting promise Event to 50 per cont.
A that even stockpiling stopped UTILITIES America would not unload its onto world markets supplies and send prices crashing.
Then the outcrops began slow signs of exhaustion and place. Kenya dropped from pride of
for
Exporters [ad hoped the improvement in the iralian trade balance
that Aus-
would result in much more generous treatment of rayon.
Another factor in the Aus- traian market is the impending Tariff Board enquiry into a r ques;
for the
ber
The Poet of the have
indus.
border.
Wheelock
LAND. ETC,
JUK Hotel IIK Lark
Sol Lond
7.03
1.33
Tit
23.30 Star Ferry 130 C. Light 10; 13.10 13.30 1600
0,70
27.1 27.40 500 g 27.30
Da 4
31
C. Light (29
Electrty
Telephone
INDUSTRIALS
Cement
Rape
Now the Colony's geologista
n completed kyanilo survey and they are showing prospectors how to work toss
valuablo... Leaus.
Producing companies are be- STORES, ETC. kinning to concentrate on the much larger seems of le's rich ore, using new machinery to
rayon tyre yam wy, and the probability that any further quota relaxation will bring in its wake a large num-accessible but sull
of demands for protec- tion from various sectors of the Australian myon industry.
British
exporters are also
market.
As the
new venture
good
crush the kyanite out of rocks. ahead Kenya is rapidly climb ing buck to first place among the world's producers.
having dimenities on the Indian The Indian Tariff Commission Questioned by the evening newspaper "Paris is expected to hold an enquiry Presse" about the British plan for the free con-silk fabrics
thus month concerning artificial British and the Rayon vertibility of currencies, M. Marjolin said:
and Synthetic
Fibres "The British Foreign
Federation has prepared a case Secretary, Mr Eden, and the Chancellor of the Exchequer, Mr R. A. sion. For several months now, Butler, have informed us of the British ideas about [substantially higher duties convertibility. They correspond to the objectives imports of British rayon, spun which have been always held by the OEEC and the been in force under the current rayon' and mixture fabrics have European Payments Union.
Finance Act,
Dairy
10,10 10.30
€74
500 1920
300 47 10,20
221,50 23 133 21.90
23.70
Wats n COTTONS
Textile Corp. 514
5.70
Anthony for submirston to the Cons JAPANESE BONDS Exchange Rates
"D" of 1924)
Londen. Oct. 10.
on
Japanese bands
Business was done in the incal
"A" (in pt 1000) "B" 4 of 1910)
BJ
unancial exeliange Market
This
7002
morning at the following rates:-
13422
2041
U.S. dakur (per 31)
*G.01
101
Sterling nutes per £1)
15.83
Indonesian guildër, (per 1003
10.40
Slam Heal, per 100)
31.00-
83%
Singapore (Stral)
1.78
-United Press.
| Indo-China plastres
(per 100)
840
of rayon
A15 of 1030; Tokyu Aiya vf 1920) "G" Tokyo of 1012) Consol
Japanese Threat
To Find Source Of Wool
New
"It is desirable for us to pro-currencies presupposes the
HELP NEEDED gress together in this direction realisation of a cories of condi-
as possible as quickly
and to flons some of which have not
Manufacturers here Bay realise as soon as possible the yet been carried into effect."-
that whatever, new yarış
and commercial and mimetary unity;
fubrics they design for over- The of the free world, I must say.
Secretary slated that seas markete and however however. instead of having to get his vote
that convertibility of development of West European much they keep down produc-
industrial production Orst and then form flu govern-
was lag-tion costs, they cannot overcome ging behind Eastern Europe and artifetal barriers such as tigh ment afterwards.
the United States. Both induties and quota restrictions the West and in the East the without Government help. fores are growing. the scale i The
total value of the world is changing while | goods exports declined Lo Europe is lagging behind despite £3.73 million in Angual from the undeniable progress, he £4.54 million in July, according to figures issued by the Rayon and Synthetic Fibres
Federa- tion. For the first eight months of the year they amounted to 29.72 million against £28.88
Tokyo, Oct. 19. million in the comparable períod of 1052.
Japan is threatening to buy its raw wool, steel scrap and hides from countries other than Aus- However, the monthly average rate-£3.71 million-w was con. tralia.
Some of the main criticismsture vole nil then fall to form which have been levelled aga
against
a Cabinet, or to fall as soon as
the constitution of 1940 are:
Ꮧ - It gives too much powere newly formed Cabinet fuces
to the National Assembly atel too tie to the Government and
the upper house.
2. It makes it too difficult to form governments and too easy
to throw them out.
for
to
Forliament,
An absolute majority will still overthrow the be necessary to government by passing
vote of censure or more usually) refusing a vote of confidence.
of the
3. The procedure
dis- volving
Assembly, un
which The upper house will not get cannot preduce a stable govern-back the powers of the pre-war ment, is too Mław and com-Senate, which were practically
Identical with those plicated,
4. Some
of its clauses Chamber of Deputies. Red Navy Squadron erording to anti-Communists
ANTI-COMMUNIST Paris, Oct. 19. might serve as loopholes for a Polish Lalleint
attempt news Communist
seize monitored here torluy, control of the Stale,
draft amendments Soviet eported that il
Th ARVAJ the cotand being considered go squadron unter of Admira S. Abathvid left the way towards meeting some Gdynia, Poland, yesterday. The of the criticisins. squadron had been on a visit to First, if they are adopted, a Gdynia for Several luys. - would-be Prime Minister will France-Presse,
need only a simple majority in
The agency.
PENINSULAR
Th
SEPARABIT
ΠΟΥ
some
But it will be allowed 10 months to consider and try to omend bills sen! up from the Iwo, Assembly instead of only url bills tabled by Senators will be discussed in their own house first instead of going straight to the Assembly And awaiting its good pleasure,
The government will be able prorogue Porilament by decree any Ume after the annual session has lasted seven months. This will not salisty & ORIENTAL those critles who would
STEAM NAVIGATION CO.
R.M.S. "CORFU"
SAILS:
NOTICE TO PASSENGERS
BAGGAGE:
Thursday the 22nd October at 12.00 noon for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said.
Passengers are requested to send ALL haggage to the Hongkong & Kowloon Wharf Co.'s Godown at No. 2 Gate, CANTON ROAD ENTRANCE, by NOON on Wednesday, 21st October 1958.
SPECIAL NOTE: With the exception, of hand, packages
carried by passengers themselves,
ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading: on board by ship's slings only.
The Rubber
Markets
After
noon оп
sald.
Western Europeon industrial production. except thet of Western Germany, had increased by only one percent during the past two years of against eight percent in
the United States. Western Germany's industrial
Singapore, Oct 10:
steady opening the market cased slightly toward roon but stendied in the after
short-covering and reserve of sellers. Prices: No. 1 rubber per lb. Nov. 58 production had risen by 13 per- eiderably lower than
December
5814-2014 coral in the past two years after £5.24 million recorded in 1951. Juhuary'. No. 2 rubber per 1b. Nov. 619-5734 la late start.
Hayon
yarn shipments, No. 3 rubber per ib. Nov. 3015-859% No. Fubber per 10. Nov. 03 France as being the "black kinds amounted to 2.24 million
Marjolin singled out cluding doubled Spol unboled Blanket crepe No. 1 pale crepe
5019-5894
64-60
-United Press.
LONDON MARKET
London, Oct. 19. The rubber market was very steakly. No. Rss spot was quoted at 17-3/16 pence per lb. Prices:
Spot No. 1 v Busines
Solticment
CA.f. basis No. 1 Ras Estate crepe thick Extale crope thin
M.
that al
into
an
Md
It is doing so for the same reason that Aus- in- tralia and other British Commonwealth nations yar of all | one-and-a-half years ago began reducing their chat" in 45%-40% spot" European economy. Ibs against 3.11 million in July own imports from countries outside the Sterling
"France holds the key to
in all res- and 1,57 million in August 1932 | Bloc-to check the drain on foreign exchange, European progrese
exports were almos! Spun yarn pects if she does not take the halved at 180,000 lbs against
with Japan's sterling position is as, deficit fead or even does not participate, 350,000 in July, but only 90,000 bad
Australia from today as the Common- A £1,045,000 in 1951-52 to D everything appears
compro- in August 1952.
wealth's dollar position mised," he said.
was whopping A£02,323,000 in the Pices goods exports declined to then.
following year. RESERVES LOW
17.20 million square yards from in June, 1032, Japan had n Neither the 1051-82 nor the |19.02 million In July. The stockplie of £26,882,000 in 1052-53 figures present an "French monetary reserved are August 1952
10.00 foreign exchange accumulated accurate picture of the inter- figure was low. They have not increased million square yards. During through trade. In September, national trade pattern between despite substantial Americon ald, the first tight mn square yards that money and had eaten almost always had an import surplus
the 15 months later, it had lost all of the two countries.
Japon has Her balance of trade remains year 122.21 million at £2,000,000 quoted unbalanced although the French of
deep plece
with Australis. Japanese Government is applying severe
gninst 1152 were
in the comparable additional reserve borrowed from estimate that the porest restrictions to the Import of
of 1962. period
The monthly Great Britain and the Inter- these drys cuid to cbout foreign, including European ave
average for p first oight national Monetary Fund 50,000,000 British pounds of Im- goods, Production is no longer months of 1853 was 15.02 million £20,000,000 obtained ITS ports to £30,000,000 of exports progressing even if prices are square yards against one of dollar-for-pounds
'swop with Ro Australia. They are still stable."
13.97 million for 1952 and 20.50 London and £5,000 000 in a yen- hoping Australia, can see its way The common cause for the
1951.-China Mall forestoring swept these clear to casing import restric economic difficultles of
the Special.
sterling countries, In- tions sufficiently to correct the European countries was the
Australia, increase their trend toward this 5-3 ratio. natchwork quality of the
purchases of Japanese goode, European market, M Marjolin
WOOL FIRST? gold. If this were
would production No. 2 rubber ber 10. Nov. 1.70 nam rapidly. Europena trade No. 3 rubler per lb. Nov.
were 1.01 nam changes
meeting with No, I crene rubber per lb. 1.53 nom. major obstacles; high customs
United Press.
tariffs, discriminatory measures. of all types favouring national Industries and 'agricuture and
1716-17 1741 173-174 TUR-37A
the President to have power to dissolve an Assembly which cannot produce a slable Govern- ment; but it will enable a government to gain a breathing
19 non. -United Press. NEW YORK MARKET
New York. Get. 10.
Dec.
20.70 btd
March 1054
20.73 bid
May
20.78 bld
July
20.75 hid
Sept.
Dec.
Another draft almed against the provides that
liko
amendment Communists Parliamentary
| immunity from arrest shull apply only while Parliament is In session, though any deputy or Senator arrested between sessions will have to be released within a month after Parliament reassembles unless his
own House decidos otherwise,
But whatever amendments are in the 1040 eventually made constitution, the general opinion among observers here is that French Governments will
until and go nue to
decide 10 con- French voters centrate their votes on two or me pollical partics instead of a dozen-Chinn Mall Speclul.
come
соль
PRAYERS UPSET THE MAYOR
Geelong, Oct. 19, A former mayor, Dr Frederick
BAGGAGE COOLIES WILL NOT BE Wallace, walked out of the locni
PERMITTED
WHARE.
ΤΟ
20.33 bid 2004 bid United Press.
AMSTERDAM MARKET
Amsterdam, Oct. 19. No. 1 rubber par . Nov. 1.71 no.
LONDON TIN MARKET
restrictions.
export res
<x-
million for
cluding
frade officials acp no way lo
pattern
Commodities In check this drain except to cut A Trade Ministry spokesman
America
New York, Oct. 19.
・Taket
TOPISHED/United Press 0.
moved irregularly higher today would have a delight of £50,000-
Japan goods.
down on Imports from sterling pointed, out that Canberra will countries. Even with ail the BDON be issuing new import measures Japan hoi taken so far llcences for the trade period to plug up the hole, Tolo, beginning October. He told the director
ress a minimum of £10 of the
Japanese Ministry's
million to £16 million allocated Foreign Leading commodity markets Bureau, estimated that Japan to
during the next_year make it poster for "This is an anachronism and with chese grain cand 000 in commercial traffic with t
Australion anti-economie. Besides, it I hides the firm spois,
Japan has been slowing down dangerous
into hedge-selling sterling countries for the 1953 because how can our Wheat ran
ite purchases from Australia but divided economies mass-produce and realising at the finish after fiscal year ending March 31.
these measures have not been London, Oct. 10.
than a cent a at low prices and meet com- being up more
DRASTIC FALL
drctic so far. If it does decide The tin market
Australia's trade with Japan stiffor measures are necessary, was steady petition from the great economic
10/- to units such foll
At Chicago, whent closed up and quiet, Spot
dremations 7% to off 4 cent, soybeans up trade headaches with the entire with raw wool purchases. Japan's graphically Japan's the action will probably begin £624 and three-month re- States," he said..
1% to 1 cents. mained unchanged at £603%. Even if Britain relaxed it-
Sterling A
Bloc. Winnipeg,
According wheat was AM
to other principal purchase from Tumover was 15 tons, none for port restrictions other priced at 190 cents per bushel, figuros from Canberra quoted by Australia is bority, and it can cach.
European countries would de-
United Press,
the Japanese Ministry of Inter not and does not want to
switch. Closing prices:.
cline te liberalisa trado
national Trade and Industry, that away. Japan is committers Spol tin, buyers
further unili France had opened
Australia purchased, Ą £20,000,- to buy 50 per cont of Australia's sellers
6011 her frontlers to the free flow of
000 worth of Japanese goods in total available export barley goods. "It is impossible
the 10 months from July 1, 1957 annually under a
April
1052 and bilateral agreement - signed in A£4,370,000 worth in the corres- October, 1982.
Last year, it panding parled of 1032-63. bought 200,000 tona under the
3-month in. buyers
lers Business
C34 0125
-Unlied Press
N.Y. Cotton Prices
New York, Oct, 19. Prices of cotton futures closal today as follows:-
council meeting when it was ENTER THE | decided to open with prayers.
He argued that prayers had nothing to do with oulverts and rate levying and that
Boot Deo March 1944
the
May EMBARKATION: Passengers should embark between counell had got along very well
July 9.30 and 11.00 a.m. on Thursday, for avontury wihout mixinje
Ort Dep religion with eiviu Bušinesimdi || Karen "Iben" 22nd October.
Chir Mall Special.
ns
the
the
bushel.
United
to
progress towards the setting up London Foreign
of a great European market without France, or her acilve
participation."
The setting up of a common European market would assist New York a policy aimed at industrial Montreal and agricultural expansion,
39,48 nom.
23.10
said.
he
Amsterdam
Dala
Exchange
London,
2.76 13/16 10,03 140.10-140.13
10.08)4-10.0634 13.1836-12.18
-14415-35.45%
11.00|6-21.7135
**** halted. Prem
M. Marjolin is on a tour of Zurich the capitals of the OEEC mem-Supeshojews. i nombor countries prior to a meeting stockholm Dom of the OEEC Ministerial Count Liabonj
ell of October 29 and 30. Deutsche Mark
Hlocked Mark 1.
nom.
-United ProRS,
hom China Mall Special,
to
In other words, Japan suffered part.
4
00 per cent loss of trade. as a
other
three-year
of
-80 18/10 result of import restrictims that purchase of raw wool in 1983 Australia, in concert, with other came to an average Commonwealth countries, began pounds per capita of population Imposing in March, 1952.5 Government officials bellovó
By contrast,
Japan Purchased this can be cut.. considerable A£41,701,000, worth of In Without affecting the living the same 10-month period of standard of the people. And 1001-02, and Falsed it to what they do need, they can buy 200,702,000 in 1902-83; The from Australia, a dollar counti rosult was to raiso Japan's trade-United Press,