*
THE CHINA MAIL, MONDAY, NOVEMBER 23, 1953.
Developing The Lord Mayor's Show
Australia: Big Plans In Hand
on -
Melbourne, Nov. 22. Top Australian gineers are putting final touches to plans which could enable Australia to support threo
times its
present population.
Conservation
experts
have
predicted that Australia could'
support a population
anillion, conipared
of 23 the with
piesem eight and half million,
"The
main points of the plans Dow neming completion are conservation of water and soli ol attd
utilisation efficient
resources.
The front rank of the nation's Victorian the programine
are
Development Work which, within a decade, are expected to bring one million neres desert into production, to make the state almost independent of Cutside conl for gas and
power and to complete one of Australia's biggest irrigation systems in feel water 10 1,250,- 000 acres of the rith Coilin
of unalier
Valley.
Scores
rehome
along the same ilus ae being evolved 4:1;l private enferite is working shoulder
to shoulder with gate ruti and state Bounced works
Research on the thre of tie- sert bred sheep has revealed a But deleitury and 100 neres a tlay are now being worked!
down.
MILLION ACRES
One ni
aerce
Ol
Victorian-South Australian bor-
ster will eine into production
5001.
When this
scheme with
ity
new town and settlers is con- picted, 18 million mure Vie- iurian agrey can get the same Lite according to
selentitle
treatment, Commonwealth
thustrial tlon.
The
The new Lord Mayor of London, Sir Noel Bowater -waves to the crowds that lined the route despite 'the continual rain, for the annual Lord Mayor's Show as it passed through the streets of the City.-Central Press.
--
Traditional Welcome Awaits The Queen
one
Suva, Fiji Islands, Nov. 22, In
spectacular crowded hour of research organisa-symbolism, Queen Elizabeth will have laid at her feet here on December 17 everything that is best in ancient Fijian culture.
mn-
present Victorian sumption of 7,000,000 tons of brown coal a year is expected
16 reach from 20 to 30 milijon tans a year to à generation.
Under present plans, brown
coal with room be converte:l, to Kas and piped to Melbourne,
It is expected to proviție about hantr Melhousie's gas require
of ments by 1956.
By 1984 tungi plant produr- tion should be quadrupled, by 1974
gain.
In the Coulbon Valley, lett of the vat new irrigation works. process is well advanerd on 2.300
miles of supply channels.
Here
the
Biden Dam, the
Ber feet drivci”
As “high chef,” she will have end seflest woven gas and reed taken mats, masi metterned with in- gesture, will sip frou a polish- triente geometrien designs, an ed coconut bowl, jom mi a least) other articles of skilled hand-
receive gifts for herself j cru£t.
4121<t
TE for her children, Prince Next will come 18: Sevusivu. Charles and Princess Anne. The biggest coot of, yanggona kayn in Polynesia) to be found in the island of Kandavu, will be carried before the Queen,
All the complicated details of the traditional ceremonies aro now complete.
TRADE and COMMERCE SECTION
Balance
Drive By
Of Payments New Trade Surplus In First Half Of Year Not Satisfactory
(FROM OUR OWN, CORRESPONDENT)
London, Nov. 21.
It is now official. The United Kingdom's balance of payments surplus in the first half of this year was "not satis- factory." The Treasury said so this week-end in its privately circulated Bulletin For Industry.”
Even with a large slice of American aid, the surplus in the first six months of this year, reckoned on the annual rate, was only half of what is needed "over the years" to enable the U.K. to replay foreign debts, increase its reserves and play its part in development of the Common- wealth.
Yet we seem to have been lucky to have achieved even that much. The favourable movement in the terms of trade was especially helpful, Import prices were falling throughout the period, while export prices rose at first and then began to level off. As a result, the UK needed only the same volume of exports as in the first half of 1951 to buy a quârler more imports.
us
the rest
and Germany.
;
HONGKONG SHARE MARKET
(From Our Correspondent)
The Soviet
Washington, Nov. 21, The Soviet Unión has lauitched a campaign to get
toe-fold In
Western Germany Signs Pact With Iran
Germany.
Teheran. Nov. 21. an economic
which bre just *South Amerien and has signed a £70,000,000 trade pect Hinde some progress, U.S. with Persia has beaten the rest bf the world in doing busines officials said today.
with that country.
American experts are not sure
In line with her trade policy
of Russia's exact goat but they everywhere else, Germany
13
are seriously concerned about granting an ultro long-term
on him- bredit to the Persians, the possible impzet
Part of the agreement which sphere solidarity.
לשת
The Soviet Union, this Sum-povered mer negotiated a trade agree- ment with Argentina.
ja
under credit will be
by a barter part for raw materials.
of
the
Announchif the agr
#greement, a 11 also has bought some non- Persian
slan Government spokesman strategiz materials from tommented: "In order to raise Uruguay, and Brazil nid is the industrini petential and the been trying to get Chile to sell standard
llying it some highly-prized copper. country the Government has de- *cided Omelals thitt frade between Latin American nations and can to do business on a major with Cermany. The Ger- Soviet blog might
increase be-mens Will establish factories in demand for Persia, and Persih will impart many materials as falling ofT. roiling stock and agricultural
The Communist line for the equipment.
Cause the
U.S.
two years has pressed
and "Spinning weaving fhc- trade toples will this strongly for increased The market
beck up in add- was active morning, with large turnovers in with South America.
tion to sugar reßnorios and Reallles, Lands and Hotels. The
campaign bore little power generator plants.
"German firms have alreadly while the Korean war was moming's
totalled business
woy btcause $931,932.30. Business and noon under
cf tre-
been contacted and the Person mendous demands for
Government ritw
has given per- ILA by
mission produced
for contracts to go materials
sherd. neighbours to the South.
Now
hostilities that
have stepped, U.S. demand has fall- en off, and the South American rations are having trouble And- ing markets.
Underwriter 45
6.40
1000 7
M1
States
$30 r
SHIPPING
Wheelocks DOCKS, ETC. K. Whort Dock
.. 8.00 4.63 2400 8.65
300 # 83 21.20 2155 200 21.40 640 or 21.30 Provident. 12.60.13.70 2000 12.70
Hotel...
13 8.35.5000
2000
8.20 829
1000
74
400 60 7215
300 F
1952
111 Land
United States and
in the third
for consumer
Humphrey.. Really
..... 2.00
UTILITIES
Tram 2011⁄2 Siar Forry
C. Light (0) 14.10
300 F 731
200 7415
la,10 1500 TB
50000 280
C. Light (N) 10,20 10.30
Elocirle
Telephone
22300 ( 2.00
10000 G
20000
2.83
50000 2.8715
233 14
1000 os 14.30
300 F 14.20
04 10
500 10,10
1000 1020
20 100 6 20.70
scizes
ended
It is just six weeks since the new German Minister arrived In Teheran after Persia the state of war between, two countries and re-established diplomatie relations.
But in small ways German
the
oguin firms have for long been, trying
So the Soviet Union this opportunity and A com- paign lins been started in order to get an economie toe to brehk hid the hold in Latin America.-United market.-London Expresa
vice. Press,
Stock Market
Persian
Ser-
Market Keeps
On Fairly Even Tone
(FROM OUR OWN CORRESPONDENT)
London, Nov. 21.
After a burst of activity on Monday, when dealings 2400 28.00 began in the new United Steel shares, the London Stock Exchange settled down to n fairly quiet week.
18.00
... 20.00
1064 25.80 .. 25.00
202 or 20 INDUSTRIALS
Cement... 14.80 10 1000 Норе
10.00 STORES. ETC.
Dairy
232 23.70 500 23.60 2214 331 6 22.20 Wation L. Crawford 23.40 23.0 KE sang
154
Other external factors, material prices, and had to take rates:
in our Arm measures to cut down im- SITARES DUYERS SELLERS SALES were operating
The favour too. American aid
ports,
restrictions that DANKS
HK Bank ... 1520 resulted were severe blow to INSURANCES and Canadian industrial ac- Britain, for about half of all her Union tivity: continued
fairly exports are sold in Sterling steadily at a much higher markets, against only tenth level than in 1932, and their of those of the United imports were consequently
"Ushappily, "The United King- higher. This affected U.K.
dani's export böśltion continued balance of payments in two
to deteriorate, by comparison ways. Directly, it enabled
with other countries in the first LAND. ETC. to sell more to North half of this year. The volume America and almost-but of exports in that period
Was not quite-balance our cur average.
about the same as the
But other countries In that same hour, she will be ceremonially invited rent dollar account. Indirect-continued to increase their ex to land, will revive several tambua (whale's teeth), and, it helped us because by parts: the
keeping incomes in other Germany by SIX BET cent and fear the chanted acclamation of honunge.
countries high it maintain-Japan by five per cent. | od a demand for imports.
UNDERSTATEMENT The Treasury admits too that And "it was
fortunate for all con despite some relaxation of Im- quarter, cerned that in the first half of port restrictions and a revival 1853
of the Sterling
In the demand Area also had a surplus with the goods-the volume of U.X. ex- non-Sterling world.
The United Kingdom's own than in the first half year.
ports was only slightly higher
surplus on current account was
by debt repay- | largely offset
It appears in the light of this ments and ether capital items, so analysis that the Treasury is that the rest of the Sterling erring on the side of under- Arca's surplus made a large con- statement
the in describing tribution to the rise in reserves. position as "not satisfactory,"
SLİM SURPLUS,
But the country should be in! no doubt about the seriousness The various external factors of the situation after Mr Butler's
in the U.K.'s favour statement to the National Pro-COTTONS inate it possible for it to achieveduction Advisory Council on Sn a slim surplus on its balance of dustry over the week-end. international
But payments. they disguised the state of affairs He gave warming against com-
the
field.
placency about the rise in gold The inescapable fact is that and dollar reserves, and pointed the UK. has been lesing ground out that Britain's
success In The chiefs, wearing the tradi-The powdered rest is mixed heavily. to its cld trade rivals, selling to the United States had
Germany and Japan. Just how not been matched tional dress of bark-cloth (masi) in the tanea with water added
by achieve heavily is shown En and leaves will sit on deck infrm a long bombeo container.
the ments in other oversea markets, front of the Queen. One of them The
Treasury's Bulletin. strains the liquicl mixer
British exporters, he said, tended will advance on his knees, hold- with hibiscus bre. This is all Between 1950 and 1952, walleto be slower in adjusting prices has sucking out a lamban (whale's tooth, done with precive actions, pre- the volume of world exports rose to changes in world markets, and Florido, and
in many important acids they From the nat
by highly prized article seribed by a strict ritual.
per cent, the volume of t Seven
been losing Red Cross ellleials say at least
When the drink is thoroughly UK. exports fell by five per seemed
to have of Fillan traditional property). and will make a brief formal mixed, the first cup fragile, cent. And its share in exports of ro 21 perons have been sent
ground to competitors fairly hospitals.
highly-polished coconut shell manufactures by 10 main ex- steadily for tivo years. speech of welcome in Fijian be-
Singapore, Nov. 13. fell from 20 porting countries offered with fore presenting the tooth.
wi
great
The Chancellor of the Exche-
buying and cent jo z
Japan's "choosy" jo 22 per cent. to
per the Queen to Her Majesty will merely re- solemnity
quer sild that expansion of her cutting down of steel pro- ceive the tambua and pass it to drink.
There were good reason for
On balance, losses outweighed A leading sugar expert ex- the matanivonua, who will ac-
as the Bulletin points out. exports required more than com- duction have severely reduce After the bas drurk and has this,
petitiveness in price, quality and Singapore'n ance flourishing gains in both these markets. But pressed confidence yesterday that her behalf with a faid down her coconut cup, the cept it on
Up to 1850, circumstances were
signed at the without its the agreement sts were delivery; It also required ability scrap metal trade, according to the week was not similarly brief, formal speech. assembled Fijians will announce very favourable
dealers here.
bright features. It started with recent London sugar conferenc The chiefs will then cap handle the feet with one shouted word. Germany and Japan were out of to compete in selling.
turriover in exported 81,000 a big
the dená- will operate on the first of the Singapore
It will function respectfully and depart.
after Immediately
the running.
fionalised United Steel issueyer and that 10ns of scrap metal to Japan
to a premium but successfully. last year boom year for which went States, the United
and with
Speaking at an informal meet- scrap but to the end of August Anished the week at pur-and
of the sugar dollars short many countries had to discriminato in favour of
trade, Dr Manus, ainember of Britain.
Cuban Stabiliscaian Institute, nd that the price of world sugar
is being built under an ACI million contract.
When the liner Gothic drops formally presented by a chief Anchor in
Suva Harbour
the and accepted on her behalf by Garvey, the mataolvania. Governor. Sir tonald largest man made earth ready, Garvey, an aids de camp
For the actual yonggona core- in the Southern hemisphere, is
and à Fijian ecremonial spokes-mons a large wooden bow rising steadily.
(mantanivanu) will go
many. (tanon) will be brought and aboard to meet the Queen,
placed
on the ground. Round t Fifteen minutes later, Fijwill sit three chiefs of Mbau, chics from Mbau and Rewa, chiefdoms which in the mid- one of whom will mix the yang-operating
the Bona while the others guard the 10th century fought
tanna. bitters! war in Fijian history,
behind them will A group will follow
to perforn the
a yanggung-mixing song thecliant thovnikelt kele ceremony,
which dates back to thine im- This ceremony will last only memoriat.
STRICT RITUAL ..
More than half a mile long and formed of 13 million cable yards of earth, i will increase storage at the old damn site nine The wrigated times and double area. China Mail Special.
Small Tornado Strikes Town
West Bay, Florida, Nov. 22. A al tornado near West Bay.
b
The wifir rotet dawn' en the little community of Wood- ville-one
mile 12th of West
Bay and five of the six houses that make up the village were destroyed.
Red Cross workers said accounted for. Whe everyone however, and only one peTSI
infant-was critically in- Jured. The unidenüne baby suffered concussion. United Press.
An
Jagan To Speak In
Indian Assembly
New Delhi, Nov. 22. Dr Cheddi Jagan, ex-Prime Minister of British Guiana, and his former Minister of Educa- tion, L. Burnham, were guests. Indian of the Premier, Mr Nehru, tonight.
Burnham tend Jagan and
Ceylon and to visit Burma, Pakistan following their
fo
dinner
stay
get sup- in India in order to port from Ufese Commonwealth countries, it was learned. from well-informed sources.
invitation to land.
about Ave minutes,
Ashore, after
be
her
in
The only serious
Subs to Aty through | Majesty, the matanivanua will competitor for world trade was
romaanic by
the Queen, drink, and then the Duke of consort, the
Edinburgh, followed by an op- will mount
The Governor at pointed Fijian.
Land
Duke at Erted with masi bis mafanlvunuu and other
a
A
SPENT FREELY
Moreover, many
of Britain's
Singapore Rubber Market
D
of
Flong
Bet 155
2.20
500
63)
0.10 0.20
EWO Textle Corp. 03 MISCELLANEOUS
Yangtze
Japan Takes
Less Scrap
From Malaya
Fears that the engineering trade unions would call a token strike in protest against rejection of their wage claim was a depressing factor in the Industrial market, while the Gift-edged market was equally subdued as it awaited the result of the Holborn by-election.
Coppers gained ground in the
Thursday's news that the at last modify its synthelle engineers would indeed rubber policy. stage a 24-hour strike cast
hope that urulum Inay be gloom over the Industrial developed in the Rhedesian cop- market just before
theper belt.
week-end. But only scatter-
ed selling was reported; and London
the tone became firmer be- fore the close.
On Friday came the announce- mont that the Seelalists had held Holborn with a slightly creased majority, and this nude for cautiousness In the Gilt- edged maket. But again selling
and the
market was small, closed firm.
Sugar Agreement
Now York, Nov, 22.
this year exports totalled 37,000 ended with a boomlet in golding of members Lous. The price, then was developing shares.
has
ped to
ton S$15.
$$120 a and now drop-
Duties To Be Unilever Ltd- and BSA.
Increased?
à pound
beginning
of
bo
a plattorn and vividly-coloured leaves for
STORES IN DEMAND Importart guests will drink in the farge-scule Fijian welcome. order
Japan has now found scrap Other markets, meanwhile, had will be held between 3.25 end of precedence.
Stores 4.35 cents As the Queen Vilers the en-
and their ups and downs. The yanggero ceremony will
stocks in India, Indonesia closure, she will be greeted by be followed by the presentation, most importan customer's in
Indo-China and exports from were in demand following the next year. Beclination chanted
an increased interim of great
that St was dividend de- turti of
Singapore are dropping to
He emphasised quantities of cooked the Commonwealth, West Europe. by the esembled Fijian women, and uncooked food which will Latin America and the Middle
that the sugar agree- avenge total of 4,000 tons aclared by Marks and Sperizers, unlikely
Inlo
would he toured aside all of them Indies of high rank.
month for the last three or four And Breweries came back
ment Include ples, turtles, native root East, had large accumulations of
Singapore, Nov. 22.
favour after a
in the after 5 years of efforts at the Immediately she has taken vegetables and fruit,
Sterling
months. at their disposal, and
about' to The store moment that it was wilderness. seat, the men will greet Finally, there will be
The undertone of the Singa- the
10 con- Business is expected her
spent ircely in the UK. presentation of Fijl's gits to
pero rubber market has been tinue at its present level. Unit was a jump from 20 to 30 take force. market. her, using a different word.
Food
the past week al-ed Press. during
In the
dividend on. Only four exporting countries the Duke, Princo is the Tame, the Quee This acclamation
percent But by 1950 German and and Princess Anne. For for chief Charles
nounced by Benskins.
have not signed the pact while reserved greeting
ond Japanese trado Industry though consuming markets ap dear to be résisting any ad at any the Queen, there is a ring con-
Markets were also helped by three importing countries, re- and
once used only.
were recovering; devaluation had mes in prices, suld Low's and
brighter dividend news from main aloof. Fijians do not cheer taining a Filan grey pearl set gathering.
our price advantage Peat in their weekend report. reduced
But Of the their chiefs, and it
four exporting nations considered in diamonds and emeralds.
over the United States; and any sound walking-stick
The leading rubber brokering of Fijian woods
there unseemly to make
were losses in Electrical who have not signed, two of many countries had run down
here said the off-take for
Engineering and them-Indonesia and Peru-are other than the Tama in a chlet's is being fashioned for the Duke; helt Sterling balances.
sharts following reports major gifts for the small
producers. and the pretenco,
Nor was that all, says the shipments overseas has been
in case particularly Better, Prince and Princees will be a
Dr Manas said that of declining profits from several
sirica Bulletin.. While
purchaser the total of lower grades. The turnover of model Fillan canoe and a doll in Fillon traditional dress respec-
dumps engages in these in-Japan-normal exports did Increase be world
the market has been fair and
Indonesian rugar-hes signed as twein 1930 and 1952, world Ex demand for forward deliverles Lively.
Washington, Nov. 22. Paradoxically, In a week, that in Importing nation it was prob- ports of textiles and other con- SPECTACULAR DANCES
increasing.
The U.S. Tarift Commission saw some recession of recent able that Indonesia would sumer goods fell. And this typ:
to go along with the All
the high levels of Industrial and foreca these cormonios
advice The report made special note today fork under of export trade is far more im-
edged
Signars prices, interest | agreement. occupy about an hour.
portant to Britain than to the of Paul Shafer's "encouraging question of increasing duties on Git
In two markets that agreement. may import only will be followed by
United States or Germany. remarks" on natural rubber. In lead and zine Imports to protect revived
I have recently Y TIKETUA
dépressed. from countries covered by the de complete silence, the tembus spectacular dances (meke) pre-
Another
the America, and mentions of the domestic producers. dmculty was
mandatory-Just before the Commission
KAFFIR
treaty will be laid on the cance. Lady sented by groups who specialise
certain difficult dance forms, fallure of steel
1092 statu-completed its public hearings, It is even more paradoxical The world pries of sugar may Thye In Korea Maria Vosowate, wife of our practised to the finest degree of keep pace will the demand, A
Si: Lala Sukuna, Secretary for perfcetion.
a result the UK. could not take tory requirement of 450,000 to the New York manager of the that one of these should be the Juctuate within a wide range
Copper and Brass Research Kafr market for the past week 11 cents: a pound, Dr Manas Plan Affairs, will be the Queen's Seoul, Nov. 22,
malanivanua for this ceremony. In-contrast to these brillant its shire of the Increase in world 200,000 tons.
Mr Shafer is Republican Association urged the use of has also seen the disappearance sald. This is to allow
petition among buyers and Sector Edward J. Thye of She will retrieve, the lambun displays of vigorous mass move-exports of engineering products. chairman of the cominitice on great caution. in deciding zine of the premium on gold sold in the US Senate Appropriations from the case without a word ment and muscular control,
the free market, Interest how-among the producing nations, ho of synthetic Industry to tabit Irtive. Commitice, will tomorrow meet being spoken.
there will be a lakalaka by men Rearmament, aggravated the private hands.
He sald zinc comprises 29 ever was centred on: issues of added.United Press, President Syngman Rhee and On other occasions, the Queen's and girls of Lakemba in Lau--
the situation. Between 1930 milit
Lewis and Pent per cunt of the raw materials mines producing or about to Admittedly
produós uraniam, The stat per Exchange Rates other South Korean offeluls.
watanivanuá Will ...bo Ratuan deUon, son in which The Minnesota Republican Tuciato Tau:lwau,
quieter grace of Folynesia 15 1052 Increase in defence claims anid; it 17 moet unlikely that the used by brass mills products.
Would take the Commission former, in this section was Rand
to reach a fontein, which gained sto arrived yesterday
the
months
Business was done in the local to discuss Further short ceremonies, in-blended with traditional Fijian on the metal-using Industries United States will use less than
exchange market this was equivalent to between one-400,000 tons of synthette "but it several
unofficial 199., Gd. on the week. utual
security
programme. volving the prefentation of more routines.
The two-dny, Royat visii pro-akih and a quarter of their et- dote table fitories to make decision, ter tomorrow, he will go to timbun, will be followed by the
The Commisalph will make
also meming at the following ratek:- en longer programme for the use
Rubber market
US dollar (por.93) "200 (literally, a briefing by UN Vakamtenalha ann för
the gramme is full of colour and ports,
But there is yet a further of matural rubber which they ta recommendations to Pres emerged tam the doldrums and Barlin notes per £1) der repatriation officers and drying of the fest of a high chief interest. But the first great
Hiam tiesin (per 100) The hope hero seams ators attempting to arrange who has travelled by sea.) This Filan welcome will set the factor to be taken into account, right hesitate to do if higher dent Elsenhower who is the same notable gains were. Te Indonesian gulders (per 1001'
WAN in final say in the matterUnited corded.
Press rean peace conference is à presentation of traditional keynote for the whole historic In 1952 many Sterling countries mandatory
were suffering from a fall in raw forceUnited Pres Press,
gifts of value; tembua; the fizest occasion-China Mall Special,
DECORATED CANOE For Queen Elizabeth. beautifully decorated conoc Dr Jagan will speak 10- will be carried into the en- will the morrow berdre
Indian closure, and the women
carry water in a huge via leat Upper and Lower Houses "Central
Hall", France-
which they will break symboll cally over the bow,
Presse,
in
will They three
production to them the
REARMAMENT
return
Kynthetic
.
The
Bingapore (Biraila) to be that the United States may Indo-Chink plastres
of tho
of
com-
1.09
V