·
A Step Toward Church Merger
Chicago, Nov. 19.
Four Lutheran church bodles which are negotiating a merger moved another step closer to their goal ut
a meeting here when they adopted a substantial portion of a "blueprint" for the or- ganisational setup of the proposed united_church.
Action was taken at a seaslon: of the Joint Union Commitice, The bodies involved *** the Evangelical Lutheran Church. American Lutheran Church, Lutheran Free Church, and United
Evangelical Lutheran
ม
Church. They represent combined membership ef more than 1,800,000.
The groups adopted a doctrinal agreement entitied
Testimony
Practice"
on
at their
Faith
"United nold! enventions
Inst year after which work was begun on the task of framing a
Joint statement
(government)
un
polity
organisa, merged
tional structure of the
Church
REPORT SUMBITTED
A Joint Committee on Polity and Organi vijon, charged with reconciling the views of the four church bodies,
Its report to the
submitted
Union
Joint
Committee in Chiengo, 1ts #2-
beca
document revealed that tentative agreement had renched on general principles of church pollly, the authority of the local congregational as weil as the synodical body, and the of programme
evangelion, American missions, and world
missions.
According to this blueprint, Church proposed merged
the
would carry on its programine through the American missions, education, charities and rocial pubilent n, pensions, O her auxiliary activities,
Was divisions may be added, it reported.
action,
and
Several major points were referred back to the Joint Com- mitice for further study. It will report on these al the next
Joint meeting of the
Unl. n Commitice. to
in Chicago from December 7-9.
be
UNDER DISCUSSION · The points still under
Gen Gruenther In London
THE CHINA MAIL, FRIDAY, NOVEMBER 20, 1953.
MINIST
OF
DEFEN
General Alfred- M. Gruenther, Supreme Allied Commander in Europe, who was recently in London as part of his official calls on North Atlantic Treaty. Organisation countries, attends a meeting at the Ministry of Defence.-London Express.
An Ideological Somersault Required
Vienna, Nov. 19.
TRADE and COMMERCE SECTION
Back To "Normalcy" A Colonial Buyer
In Cotton Trading
COMMISSION TO END
ITS OPERATIONS
From An Economic Correspondent
London, Nov. 19. The Government-emboldened by the success of its policy of restoring trade to private hands has just taken one of its most important economic décisions since it came to power two years ago. Next year, if legislation to be introduced by the Government is passed by Parliament, the State- sponsored Raw Cotton Commission will end its trading operations, thus clearing the way for the re-opening of the Liverpool Cotton Exchange.
Cotton will be one of the last commodities handed back to private trade. Even now the move involves a certain risk. For about half of all the
Ceylon Enters New Market
Colombo, Nov. 10. Ceylon has entered the
· United States · markel for monazite-mineral used in, afomic bomba-felowiuk Indis'a ban on exports from TravaTITUTE,
of
The Oral shipment monazite sent to the USA consisted of 600 baga weighing 30 tons and was old through a British firm in Travancore At £125 sterling to
Travancore ecased
pro- duction of monazite fol. imposed lowing the han
by Prime Minister Nehru.
China Mail Special.
cotton used by British mills comes from the United US Tariff
States. Last year, these imports cost just under $100 million-one of the largest items. in the United Kingdom's dollar bill.
With the re-opening of the of cotion are moving uniformly. Ilveerbol Collan Exchange. On the revived Liverpool Col- British mills will be able to ton Exchange the contract will, salisfy all their
widely- requirements in fact, be based on a
of doliar cotton without reused type of American cotton striction. But obviously the known as "middling 15/10 Inch
cannot be game freedom
ex-staple." tended to foreigners for that would lead to a serious leakage cotton of dollars. All dollar
for sterling bought in Britains must therefore be used in Bri- tain. If a foreigner wishes buy American cotton oil Liverpool Exchange, he will have to pay for it in dollars.
to
the
Policies Pose A
Roadblock
Attacks British Exporters
From A Correspondent
London, Nov. 19. British manufacturers are warned today that they may lose Colonial markets unless they treat importers more fairly.
This warning is given in a letter to the Financial Times by Mr R. A. Lawrence, a draper of Uganda, who recently visited Britain to place export orders.
But Mr Lawrence found British manufacturers indifferent to export inquiries,
of
"I am frankly very tired having to appear grateful when an order is accepted," he writes. "Slow deliveries, increasing prices,
oor workmanship poor
tel
the absence of new designs, all combine to make Britain a poor market for the export buyer," says Mr Lawrence,
WOA
On many occasions he told that the merchandise he selected was not for export, Manufacturers appeared to be more interested in
trade.
the
the home
manufacturers
Bargaining Over Future
Tin Price
Washington, Nov...10. Trade circles, today
werd
next
In several cases he found that eagerly awaiting an Amerlean- export price was higher Indonuslun tin contract to see than the price to a home buyer, what the United States would
buy pay for the commodity In some cases I could articles identical or almost year. identical from retail stores nt Negotiations between no In- prices lower than those quoted donesian tin delegation now by
for here and American offcials are at a virtual standstill but some definite result is expected with- In the next few weeks,
Trade circles expect
agree to the another 20,000 il turmg
United States to
of purchase
the
the export."
ORDERS GUARANTEED
Suppliers In the UK. Mr Lawrence continues, are in the happy
the position of having bulk of Colonial orders guaran tons of Indonesian teed to them by the Exchange the year beginning next March Control Regulations, The 1954 nt a price somewhere Colonies arc unable to avail around 75 cents themselves of the many attrac
per pound. would be below the pre-
more than 80 cents but might' "But we do noi complain of reprezent a higher figuro than
That
not be better to keep the Rawihe original order for yarn was specific United States legisl8" | this" Mr Lawrence says, "If it will be effective by the
Commission
exis- in
tima
THE NEXT MOVE
New York, Nov. 19. Once the spinner has a con-
A prominent American in- tract entitling him to take up dustrialist today said exist la supply of this type of raw
Ing uncertainty. cotton at a stated price around
among the time when he is due to de- foreign traders as to the of United States liver yarn to his customer, his tenure next move is to buy the "actual tariff policies posed a road- This may be done at block to foreign trade which. The Exchange could not be
any time between the day the without any re-opened, however,
and risk. Why, Frontract is taken out the he said,
П greater live offers from non-sterling sent market price of slightly of semé eltmena
it is due to mature. If obstacle" than any other countries. then, has the Government dedale
have
ave moved upward since cided on this move? Would it prices
is for the general good and If the contract year ends. booked, he will then be ableton. Cotton
to stil his contract back to the
to we Urging the United States
are to be treated fairly by
in March market for more than he If the Communist Balkan countries are in
pald
There will 1952 contracted to manufacturers. build o solid American prosperity
buy 20,000 The fact is, of course, that after it If, on the other hand,
world trade. come a time, however, when the earnest in their reported desire to rehabilitate the start was made as long ago as prices have fallen,
tons per year of Indonesian Un he will get through more
exchange Pre ident of
restrictions will be when he Eugene Holman, to break the less for the contract
for three years of a "mutually What wil non-Communist private farmer-the Kulak, aclchicen months
or removed.
agreed prize". During the first In either event, Standard Ol Company (New cared Commission's monopolistic pow sells back.
become of Britain's Common- Russian word for big farmer-as some of them er. A commites, set up by the he will not stand to lose dls
two years of the contrast period Jersey), emphasised that "high
wealth markets then? on the list
the ice has been set at $1.21 which our Govern- to reconsider gain) very much. have suggested, their governments will have to Board of Trade
"suggest"
Lawrence Mr ment should do to foster world
per pound In New York. Thus the operation of the Commiss-
concludes, "that home manu-he Americans now were buying perform an ideological somersault. Prompted by
If the price of the type
of trade is 10
to act consistently." that spin- ion, recommended
facturers are living in a fool's the last of the second year's con- No- In a speech at the 40th the urgent need for increased agricultural produc-ners should be allowed to im- cotion he actually
paradise, but surely it is for the tract-tin at a price Convert-
about 40 if they moved more or less in line with tional Foreign Trade part cutton privately
that these cents, above the current market here, tion, a change of attitude has been suggested by chose to do so. But, in view of the price of the cotton named-tion
Holman said the Government to see
do not endanger the price. government leaders in Czechoslovakia and Hung-the dollar shortage, it was not in the contract, he will regard uncertainty of the United States people
considered possible at that time the cost of obtaining
to as a sort of insurance premium the rate of United States tariff:
"cover" tariff polleys distinct from country's future prosperity." ary in recent speeches.
to recommend a full return
against a risk that happily did at any particular time-was " free trading in cotton.
cassion include the fepsibili'y of having
plenary convention (with
every congregation re- presented) every Ix
or fen years; Bnancial matters such as investment of endowment funds and the extent to which the Church may borrow; and the organisation of the stewardship department.
Al under discussion at
the December meeting will be relationship of the proposed new Church to its segments Canada and the relationship there-Canudian_districts to other churches in Canado.
in of
In
The relationship of the united Church to non-Lutheran organi- sations, such as the World Council
the of Churches to National Lutheran Council, and to other Lutheran bodies, will also be considered at the next meeting. -China Mall Special,
Uninterested
Malayans
changing they were
of
lence?
count.
For
ac-
In effect,
to be
uses a similar
(Or
needs has
even
great deterrent to a. business. ·
construct # mnu who plans to if foreign plant to supply good.
for the American market."
"ESCAPE CLAUSE"
States."
we the
HONGKONG SHARE MARKET
The United States
Hard bargainers in the Re- construction Finance Corpora- tion, the Government tin buying agency, are in favour of forcing the price on the third year of the contract to an absurdly low price so that Indonestars will refuse to sell at all.
The strength of their position lles in the fact that the United Statca
Government's in stock-
pile is at virtually 100 per cont of its goal and they need buy
no more.
However,
International poll- tics enters and the State Depart ment is urging modification ut
this attitude.
they
(From Our Correspondent)
Increased activity on the Hongkong Stock Exchange was
Anticipating overpraduction, or revealed in transactions up to
believe that 70 to 25 cents прол valued at $701,390.20.
per pound is about the best they Noon quotations were:
can offer to the Indonesiana 8HARES DUYERS SELLERS BALER | even under politically cultivated
terms.-United Press. .20 @ 1620
The Czechoslovakian Prime Minister, Viliam Stroky,
not orige. annouwing spociul Government the
mensures for helping
MONOPOLY BROKEN
On the other hand, of course, co-operative farms, said that private farmers too would be helped.
AL. Orst, only about a third 'the chances are that His own statistics gave the reason-private of all cotton used
by British | he
covers himself by buying a farmers still hold more than half the country's arable land. rplaners was imported private- futures contract,
the price The Hungerien Prime Minister:
This description drew a sharp than a half of all collen im-nay rice of the "baste" growth. trade is the "escape clause" in ly. This season, however, more the type of cotton he requires sharply" than Nagy, Fald:
Another roadblock to world "Exaggerated | rebuke from "Rude Pravo," ports mensures Igainst Kulaks have chief party
will be on private newspaper in the
This risk is eliminated if he the reelproen! trade act which coured eonsiderable losses, for country, which said that the list an ever-inertising area of land was
foreign business- ** "typical example of But although the Raw Cotton that specified in the contratt hampers the
contract. has been left uncultivated," bureaucratic thinking."
Commission's buying and selling The danger, therefore,
men welis "contemplate conduct- is that Kulaks
"It is also necessary" it sald, monopoly is broken, one of Its spinners will use mere Amerling a campaign to sell their In all Soviet blac ecun ries have hitkerto
o investigate how the farmer been
chief functions remains intact. can cotton when the Exchange product in the United clemed the substantial State ved before February 1948 (the
even though spinner
re-opens, and this is the risk he said. | tinte credits and other help granted
of the Communist coup
to make his own or-that the Government is taking He charged the encourage- d'elat), how he behaved during | ts
for importing raw in preparing the way for a re- ment by the Government Sale co-operative farmTIN,
If for reasons not of their own the war and during the first re- cotton, the Commission is still rumption of completely
at free private investments abroad with trading in colon. unable to publie (which began in 1918),required to provide him
the same time reviewing exist- deliver the.r compulsory guntas whether he lad been an ex- "etver" against the risk of a
To the extent that this dising thx laws respecting foreign produce
loss if prices rise. to the State, they ploster then, and by whose work
plays confidence, in the state of business income because they were heavily punished on charges | and
and emelency be managed to therefore, the Commission
reserves, "frequently handicap American of economic abo.nge. The mase his property.
putting up public money to in- the country's dollar
the move is to be welcome. companies abroad." sands of farmers have been
On this basla It is sufficient to
sure private industry against a
But another danger
that Holman then turned to action situa- Penang, Nov, D.
sentenced to lung prison terms have employed a farm hand in normal trading risk-a
British spinners will ure more open to other natiere and noted be tolerated tle that can ot Penang's Resident Commi- and some even to death, on such 1918 or anytime since to be con
American cotton at the expense such roadblocks to world trade sidered an expluiter, even if the Indefinitely. sioner, Mr R. P. Bingham, said charges.
of Commonwealth growths. It as the discrimination in foreign Theusands of others have been farmer has long since lost his
To remedy this, it
will be is hoped, therefore, that wider countries against outside indus- here that a great problem with
luck of driven to hunger and destitution farm.
not only to restore facilities Malayans
necessary
for tendering cotton trics and traders. is their
freedom to their ration cards The rules are similarly wide complete by having
import against other contracts will be interest in world affairs.
confiscated on various prelexis.
cotton but also to provide the introduced at an carly date. "Only a smail portion of our
Nep." people ink any interest
private from Communist newspaper, rald only seek protection matters outside their own small
sudden La few weeks ago that a Kutak |sources against
price welcoming circle," he added
In rany districs whole farm should not be allowed to join changes. The re-opening of the home students from the Malayan
ing communities have been de-a tarm co-operative, even if he Liverpool Cotton Exchange will Teachers Training College at
ported and their land conflicated.had lost all his
property.
therefore be the culmination Kirkby, Lancashire.
Private farmers' children have The paper added that many of logical sequence of events been made to suffer as well. They co-operatives had failed to That bogan when spinners were have
not been, admitted to develop properly because "Kuleks arst given the option to "con universitits and high schools and were admitted as form workers, tract out" of the Raw Collon denied the opportunity of obtain-in:
and Commission. spite of the bon by party and ing
the official
in
they
MABS DEPORTATION
of
are leading Hungarian means by which spinners
hazy in Hungary. "Szabod
government."
It wps one
of the most
At-
a
Is
can
Chicago Grain Prices
"It is important that should be given wider interests and be taught to inquire into what is going on in the world."
This was probably due to the
positions social system here with its
Iljung Hungarian essential tasks to unmask the emphasis on the family, "but if
newspaper we are to have leadership in this
youth organisation, put it plain-Kulaks" in co-operatives. country, we must have initiatively: "There is no room for child-tempts to differentiate between able to obtain "cover" facilities Spot
ren of Kulaks, those adherents privileged position to encourage
of the former regime." that initiative." - China
Lenin has described Kulaks as Special.
"these most brutal and unscru- pulous exploiters" who enlarged their property by the labour of others.
und you as teachers are
in 1
Muli
Town Without A Dentist
a "good" and a "bad" Kulak must be abandoned everywhere, it added.-China Mail Speclul.
Parents And Homework
2031-13
10916-12 204-20414 2014- 19794-
140)
•
"Many nations seem content to point to Amerienn tariffs as an their inabilty to excuse for trade when often they have put up much more formidable tori and other barriers themselver," he said.
BANKS
IK Dank 1018 170 East Asia
045 04745 109, 5 A.20
815
INSURANCES
Valun Underwriters SHIPPING
Waterhosl
DOCKS, ETC.
Dock ** Provident S'hat Dock Wheelock LAND. ETC.
IK Hotel HK Lind
20
Sinb
12.00 12.00
LONDON 'TIN MARKET
London, Nov. 19.
quiet.
The ti market was Tumover was 10 tons for mid-
8.65 8.65 70000 8.80 November at £835 per long
ton. Prices closer as follows:
72
73 000
Spot, tin, buyer
soller
Sinaia tin, buyer
seller
Settlement
Shai Land itumphreys
17.70
en-
ReLily
2.0214
400 0 $7,00
1000 2.00
Τ ΓΑΣΕΙ
20.30
#20
MUTUAL EFFORT Tho oil executive charged that foreign natlens which courage "misguided nationalism and confiscation of property" are not furthering a flourishing trade. He added that "trado
Speaking of
Currency
con-
vertibility, Holman said: "Once
currencles become truly con- vertible,
the abilities of all nations to export goods, services capital will be tremendously and
In this mechanism
UTILITIES
Star Ferry
C. Light (0) C. Light (N) 0.03
Flectric
640
679
037
mUntled Press.
NEW YORK FUTURES
New York, Nov, 19. Motal futures today closed on follows:-
Lead Nov.
300 28.20710
137
1414.20 2200 y 14
10 2500 1100 600 0.83 20006 0.00 100 # 28.20
.... 28.40
Elec. 10.20
300 € 23.40
00 € 20.00
Macuo
BOO 10.10
Sandakan
Light... 7.00
1000
FI
Telephona 2
•29.00.
of
INDUSTRIALS
Hope
Chicago, Nov. 10. 'COVER' FACILITIES
Prices per bushel in cents:
Closing Prices When the Exchange re-opens,
Nov. 13
Nov. 19 co:lon will be Wheat No. 2 red users of raw
00: 2001: Hom. 1001 nom among nations depends uniquely
mutual effort." upon involves no Dec. 100L) 203-20116
(11) in a way which
cost to the public. For example,
March (1054) 2001-2 to undertake a spinner may
10 May
10011 rella quantity of yarn at a July
delivery in quoted price for
Corn No. 2 yellow ray, three months' lime. Ob viously he cannot tell how raw Spot
1407% cotton
prices will move over
IM
1313- *(304) 1833 1357% that Allensbech, West Germany, lose on the transaction. If they May
period. If they rise, be will
1844-14 180- 154-183 Nov, 10.
| July
13614-4 fall, he will gain. Same spin- Most German parents "Teko an
Ryo ners may rely upon their own in
the future about hemowork, especially the
course of prices in the hope of Dec. mothers, a public opinion pool by
But March the Czecho-the Institute of Demoscopy here making a windfall prot Communist party news-
It would be a bad thing it, all showed. paper in
It Oprav
ruled this
businers was conducted on such Only nine por, cent of the spring that a Kulak is one who parents questioned sald they risky lines. awns agricultural machines and were
the Normally, therefore, not interested in them
out
others homework, wirds, 17 per cent did net who has sold yarn by home-made methods or after cultivates his land with the help not know much about it. Eighty-axed price for delivery in three
260-mile sea journey to of paid Labour, cwns another two per cent of these who were months will immediately buy- Sukkertoppen
鼗 or 450-mile business beside his farm, has no
os a
His followers in Czechoslovakia and Hungary have interpreted his meaning very widely and in Godthaab, Greenland, Nov. 10,
People with toothache thould varying degrees, to that party! le trauble in cficials have think of the plight of the 2,000 indentifying a-Kulak almost interest" residents of Godtheob, capital of any private farmer. Greenland, who have been with-ora Svoboda,"
a dentist for three months,
one and only dentist has slovakian had to go home to Denmark on elck leave,
But
Tho
Aching teeth are treated either hires
n
to
their children's judgment
115-1183115-118
convertibility will not be efter-
Content ...t 101⁄2 10.50 3000 O TULL
...... 163 10.00
*****.2013.60 2000 a 21
22.00 1000 2
20 225
tive unless "present regulations which limit riglils to acquire | STONES, ETC.
Dairy Watson
12305
are
292) nom.
(1054) 12334-12
Dec.
a spin-
March
at n
borg.
Sometimes they call in the
attitude" towards the "Lamilice" with homework were |“fufuros com kivery... land-and-sca trip to Holstein-pestist regime, deliberately)
Spol emliling him Jan (1004)
Nov,
T 701-4'3 (164) Soybeans, No. 2. yellow
LBS Hom. 220-20012
7016
100%
in three fact
2003
wemen
Bapt.
needs, Bur of cotton ho co- and 24 per cent sever.China this will not worry him unduly New York Tour
the prices of various types Mail Special.
zapoš
4-104 200:19. sack $1410 nom. 914.14 nam.
United Prem.
to`lako:
monthe When asked whether they
of quantily. of taw May Calls to ruin his delivery quota, helpos with the homework, 27 option at a àlated price. The July help of ship's captains-who perauisites others not to foln per cent sald they often helped.. contract may not be for the exact miley, M
or spreads 49 per cent evid occasionally, typa form co-operatives, usually have a pair of forceps in
about their first old outäts-China false
operatives. Mall Special
Information
and ure currencies and which otherwise restrictive and discriminatory, are revoked at the same time."Unlled Press.
New York Rubber
Deo.
Nov. Deo.
Zinc Nov. Dog.
Copper Nov.
15,90 bid
12.00 traded 82.77 bid 0223 bld
0.41 bid
0.41 bid
28.40 bid
28,18 bid United Pres.
US Commodity
Prices
New York, Nov. 10. late rally in soybeans helped to pull the general com modity level into higher ground after nehaley start today.
Soybeans dropped back almost five cents a bushel from the lown Texile Corp 0.70 0.00 4500 a 000 when covering novement under
1000 8.7way after liquidation. Át Chiengo, whent
of
L
COTIONS
Ex
Crawford
1
23.70
2.20
% to 1% cents, soybeans up.
Exchange Rates to off 3 cents New York, Nov. 19,
cult was pricket
181 53 D2 163 conse
ALW wheat was i
Hubbor futuros today closed
per bushel for 25-40 points lower with sales
Business was done in the local No. 3 Northern, and for No, 8, 1: of 38 contracte. Prices:
exchange market this December
20.00 ia unofficial
morning, at the following rates 20.10 10 UB., dollar, (per 4)... 20.10 bid sterling notes (per £Ó" 20.10 at indsnedan guliders (per 100) 2010-hid sam ticals (per 100) 20.10 bid
Aingapore (8{r2}12) Hot Press.
Mark/s (1954)
May
Beplumber
Indo-China plastron (per 100)
Coben uma quoted- today, nå 1370 $222.50 per short ton, asked, eit 30 Pacific Conet, Coconinuit off, was 23.10
175 quoted at 10% cents per lb., eff 200 West Coast.—Unibed Press.
..