THE CHINA MAIL, WEDNESDAY, NOVEMBER 25, 1953.
FRENCH EQUATORIAL AFRICA
LIBYA
EGYPT
BYAN DESERT
DONGOLA
EL DEMBA
THE SUDAN
#MUISHI
CLFASHER
Nilc
PASO
DMDURMAN,
KHARTOUN
ALLI ALAMED
Nile
HALAIG
PORT SUDAN
BEFIZER VATUAKA
NED VASER
#DALIN®
KASSALA f
SODIRI
GEZIRA PLAIN PROJECT
HEDANI
SENNAR
kma
NAYALA
CHAUBISH
MARAY
EL MUCIAD
DANGO
SALİHAT
NYAMIELL
DAGA
200 300
ALES
THE SUDAN
AFRICA
MELAL
ilbert
Kiteff
Nile
EQUATORIAL NILE PROJECT
UGANDA
Futoria
Luke Victoria
ERITREA
AUDIS ABABA
ETHIOPIA
KENYA
pomen PROJECTED
AP Newsfeatures
The Sudan Takes First
Steps Toward Freedom
By EDWARD POLIAK
Associated Press Foreign Correspondent
Cairo.
The Sudan is taking its first steps toward self-government. For the rest of this month and part of next, the Sudanese will be voting for their first real Parliament with power to override a veto by the governor-general,
Their Many illiterate tribesmen are voting for the first time. hallots are recorded by acclamation or by paper tokens marked with party symbols.
These "backward" arens are choosing an electoral college to name their delegates to the 97-member se. The "more advanced" areas, where people can
read and write, elect their representatives directly.
Following the House elections. The British counter with re- There will be, voting for 30- ports on economie and agricul-
_member_Scratę, _Only_public__tum__projects started in the
offler holders and those who can | Sudan., rend and write will vole for the Senate.
llowe.
In addition, 20 other senators will be appointel by the British Governor-General Sir Robert
from co Thes: elections stem Anglo-Egyptian agreement
last Feb. 12 which provides for the Sudan
tu attain full self-
When time for that decision comes, Parliament is to call for elcetion of a
constituent as sembly to make the cholce.
being
Cotton cultivation Is developed in the Gezira plan. I combines the principles of and private state partnership
British clalin The interprise. It is one of the largest agricul- tural undertakings in the world rutside Russia,
are
Beamed
Television Warning
TRADE and COMMERCE SECTION
The Real Test On
Spending Power
Has Yet To Come
'By SYDNEY S. GAMPELL
London, Nov. 24.
There is some question whether markets have adequately discounted some recent developments. It remains to be soon, for example, whether it was wholly because of abnormally mild weather that October was the first month this year, and one of the very few months in any years, to have lower US oil consumption than in the corresponding year — earlier month; and whether mild weather is also a sufficient explanation for the lack of seasonal business in carpots, furnishings, textiles and footwear. None of these lines has been doing much good in the US Intely. Wall Street doesn't care. It put rayon shares up on the boost in some rayon yarn prices, though the rayon weavers regard the advances as little more than a stunt, designed to give a psychological lift to the worst market position since early last year, with demand so bad that at least one of the leading rayon producers is concentrating its output into its most efficient plants.
There
Π queption Secretary Wilson refused to whether people may not have comment ca this figure, but all over-rated statie
historical indications Are
that the comparisons, which are good, rate of defence spending and paid too little attention to will have fallen by some bil- the more up-to-date trends lions by next June. Simultane- which are less good.
For the calendar year 106 regardless of tax rates, business will be making raslly bigger tax payments.
elinost every Index of US busi- ness will come out higher than for the calendar year 1052. But the dynamic comparison is that 185 ended with the indexes high and rising, while 1953 is ending with them lower, and failing.
At the moment, most of the 1953 curves are Just About crossing the 1952 curves, but on the down instead of on the up. for the non- Unencouragingly dollar countries, this may also be the form for US imports. Their 1983 fotal will be higher thon 1959. But the biggest gain was in the second quarter. In the thier marter the gain was smelter, despite some bunching or September imports to fore- stall the New York dock sirike.
This quarter the New, York
banks' Bes of letters of the gain that
credit indicate
will decrease further, or per- haps disappear.
In one week this month the Legal rise in business loans
SH
In this half-year it has been paying only. 20 per cent of its 1953 taxes; in January-June it has to pay 90 per cent of its 1054 taxes which are bigger. That might mean pressure both Inventories and spending power.
on
On this analysis, the real test has not yet been taken but is still to come in the first half of next year--Revier.
HONGKONG SHARE MARKET
HK The Main Supplier
Loudon, Nov. 20.. Figures given to the House of Commons today by Mr Peter Thorneycroft, the President of the Board of Trade, show that vit tually all the umbrellas and
Imported
sunshade Kindom
Into the
are from Hongkong.
In the seven months from March to Beptember ibis year, the UK imported 10,440 dozen umbrellas and sunshades from Hongkong, valued at £16,095, agalust only 12 doren, valued at £414 from all
ather countries,
United Kingdom exporis of umbrellas during the
were same period
10,352 douro, valued at £170,244. Be Thorneycroft gayo these figures in answer to a question put to him by Mr R. W. Sorensen (So- clallet).
An umbrella manufactur- er In Mr Sorenson's Eart London constituency has complained about competi- $ion from Imported Hong- kong umbrellas.” — Our Own Correspondent,
Electric Shares Rise
Pakistan's Textile Deal With Japan
Karachi, Nov. 24. Pakistan's Textile Commissioner, Mr M. A. Khan, said today that Pakistan intends to fulfil its trade agreement with Japan.
The Commissioner was answering traders' criticisms of the Government's announced plan to import Rs 40,000,000 of cotton textiles from Japan and other..sterling area countries on Government account.
He sail that the Government had come to the decision as a' temporary ncasure to meet the cloth shortage emergency 153 Pakistan,
Government decided to directly the shortage was fell to enable faster receipt and dis- tribution of stocks in the coun- try and also to prevent specula- Lon.
The Government was trying lo ensure that the consumer' got cloth at a reasonable price.
ct
Mr Khen said that the "bulk” |
Japan After New World Market
London, Nov. 1
Japan will scom be
the Rs40,000,000 purchase competitor -for would come from Japan and markets, denied that the decision, to im-
port
with
Japa
The
at a
a
world
strong bleyele
directly
This warning has been given connected by Sir Harold Bowden, chair- Pakistan's fulfilment of the man of Japan-Pakistan agreement while which produces a million and a Raleigh Industries, admitting that it effectively con- quarter bicycles a year, most of tributed in this direction.
"We have an agreement with
them for export.
Addressing Raleigh represen- and we intend to full it."tatives from all over the world he sald,
'Commissioner said that Harold spoke for the increasing cycle show in London, Sie the Government cloth purchase efficiency of Japanese industry. would be made through export- ing representatives in Karachi, had bought "
He recalled how, in 1935, be indicating that some purchases unese bicycle for 30s.
beautiful Jap- already had been made but he when it was tested and analysed But refused to disclose the amount at Raleigh factory was found pending Analisation of negotia-to be rubbish. New York, Nov. 24. Investment demand for "blue tions for the purchases.
Dent chip"
those stacks up
He had hopes of complete de "Japan's quality of workman- "Today," Sir Harold continued. Sharply in accelerated trading very of the full shoexpected ship is improving and we must Jate today climaxing a roullue
consider her in the near future session.
60,000,000 0
On Wall St
<
Buying appeared In General Electric Just before the close sending
months.
1.4 a competitor of considerable strength." the growth of foreign competi-
But though it is concerned at.
Is between total 70,000,000 yards.
He said that there would be re further imports of cotton textiles that issue up three In addition to the Rs40,000,000 points to $8524, its best level purchase but he declined to say since October 10. Wosting what the amount and the ship house
followed suit rising 2% ping period is.-United Press. points to a new high the yeur at $50%. Both were among the day's 15 most active stocks.
for
214
Woll Street attributed the strength to the extremely (From Our Correspondent) favourable outlook for the in- 'dustry. Large short-interest Business transacted on the bull up in both stocks helped
of New York City banks was HK Stock Exchange this morn-accelerated the advance, brokers
million,
against $102 miling was valued at $14,440.10. said. lion a year ago;;in the past Ave The noon quotations in an weeks it has been $32 million. active market were: against $300 million
for
lost
צוות
SHARES BUYERS SELLERS BALES BANKS
1520 1530
300 174
1K Bank En Anin
INSURANCES
Lombard
Union XD..047 Underwriter
SHIPPING
Waterboul
pocks. ETC..
Duck
Provident
Wheelock
LAND, ETC.
4.00
2000 @ 631
26
20
21
12.00 12.70 1100
8.00 6.63 3000
3000
100
1 Hotel.. 8.15
HK, Land
S'hai Landl Humphreys Really UTILITIES
813 1100
ما
New York Cotton Market
session Spot
New York, Nov. 21.
on the British bicycle Industry has cause to congratulate itself en successful invasion of the American markel.
Before the
Amerien bought between 3,090 and 4,000 British machines a year. But sules have expanded enormously · since then..
wor
The number of British bicycles exported to America rose from 15,000 in 1048 to 185,000 in 1952. And this year a further expan- sion of exports
350,000
Prices of cotton futures today machines is expected. closed as follows:
But in oiler parts of the 33.85 nominal world, bicycle sales have stump- ed, Exports in the first nine months of this year were down
Velumic for the amounted
only 1,170,000 December
·March (1954) May July
shares.
Of the 1,144 issues appearing October en the tape. 468 were higher, December 805 lower
and 201 unchanged. March (1053) There were
May 21 new highs and 30 new lows,
Tobacco stocks softened a bit following publication of a Wall
33.10 17
33.45-40
33.87-38
33.39-40
32.55
22.63
32.63 Bld 32.72 bid United Prent.
NEW ORLEANS PRICES
New Orleans, Nov. 24.
Street Journal report-indicating. Prices of cotton futures today
Spot
11.10 that perhaps a fear that smok-closed as follows:
8.65 ing may be harmful to health is necember
.70 cutting into cigarette salda March (1034) 8.60 Volume is running slightly be Mey
hind 1952-the Arsi noteworthy October dlp in incre than 20 years.
Liggett and Reynolds Tobacco
Myers
July
December March (1935)
and May "B" 300 735
both were down around a point to new Jows for the year early in the day. They closed fraction- ally lower. Philip Morris was off point.
1100.15
120
73
73 800 in 33
500 74
1.40
10
... 2.85
3000 2.87IS
·Tram Star Ferry
28.00 750 26,:0 140 142 230 140 C. Light (0) 14.10 14.20 20 14
1000 14.10 33 10
Steel 15503030 improvement.
shares
showed
senall
144
2015 10.30
1382 @ 20
100026
1200 € 20.70
C. Light (N) 10.10 10.30
Electric
fines Elec Tolephond
INDUSTRIALS
Cement 18.60 18.00 1500 @ 10.70 Rope..... 10.10
year The liquidy of business ago. which obviates the need for bank borrowing may be more for Wall Street then suspicical business.
Inven- lorics and commodities. Up to five weeks ago, inventories were still rising though involunturi- ly: In September they rose by an unwanted $800 million be cause sales
fell by $700 mil Hon. Since the end of Septem- ber industry scems to have got iquid by slashing its inventories, by cutting output if necessary.
SEASONAL PATTERNS Seasonal patterns of business London, Nov. 24.
loons are thought, to have been bor- Sponsored television pro trened out by the heavy
which rowings of last spring, grammes might be beamed
took the autumn expansión in into Britain from abroad The Gzira plan was begun
advance; and by the Mills Plan, determination by 1955. The
great within a few years while In 1925. Under it the
which bunches a sharply rising ent provides that after plain south agreement
of Khartoum is the
Treasury's British Government proportion of the three years of self-government irrigated from the Semiar Dam
tax revenues and of companies by Parliament, the Sudanese on the Blue Nile. Ong
muo argue over the introduction
tax payments Into the first may choose either full Inde.
being cut-of commercial television, half of the calendar year. aeres of Gzira tre
But pendence as o state or affiliation
fivated by tenants most of whom | Sir Robert Renwick. Presi-
"borrowing" of spring's with neighbouring Egypt.
local land owners. The
autumn loans
have bor- tenants are responsible for pro-dent of the Television So-
rawed rome auluma business duction of cotton delivered to ciety, said today,
top, and the Mills Plan. may In stations. local collecting
it was possible for a ring of
have distorted more than sea- return the authority, the Sudan commercial Stations to be set
eonal financial patte
.patterns. Board, supplies the up on the other side of the
Regardless of tax rates and of 10 channel for broadcasting Britain. What would the British budget position for the year as a whole, July-December is the Fronts declared in 1950-51 Government do then? he asked.
Egyption $3,000,000
Inflationary half-year of budget Slr
suid: Robert Renwick
deficit, and January-June is the. pounds.
"Because in the long run this is
sensible
country,
half-year of budget COTTONS nothing
2.0215 OTHER PROJECTS
It has been suggested nonsensical
occur
Textile Corp. 674 0.05 3000 K 180 will
that this present half-year โร Other projects in the blue-legisintion against foreign com-
the difficu!L onc, and that MISCELLANEOUS print stage ve underway in the mercial reception. Long before
Yunglaze... 0.10 south include:
some of the octogenarian
January-June will be brighter, ponents of progress
bernus cuis in defence outlays and good
have been
cutting spending sense reach their 60th birthday,
cuts to British
power while the tax commercial television
are still to will be a full swing
it back again put to the to the
But now comes the detriment of none and
Pentagon's Budget Director delight of millions,"
Earlier he listed the names of
that defence outlays GY still ring but will begin to
in December turn down in the House of Lords
that the downturn cmphosises the Gov- moun Sedd. It has been estimated tomorrow criticising
will be very gradual, "just like lains and plains, region swept by that half of the water now is crnment proposals for commer-
starling down the other side of television. terrible "hamscen desert disporred and lost in swamps. wind,
and tropical regions The plan is to bypass the Sudd showered by seasonal rainfalls, swamps by a diversion channel, (80), Lord Jowitt (68), Lord to Improve 110 river Brand (75), Lord Halifax (72), the Sudan flows the Nile, the big channel between
(71), Lord Juba and Lard Waverley remantle river the nacients wor Jongle.
Samuel (83) and Lord Reith Lakes shipped as a god. Out of
(04)-average 73.2. said Victoria and Albert, the river
The whole plan comprises: Robert China Mall Special. winds northward. It is the While
1A main storage reservlor Nile, joined at Khartoum by the Blue Nile, which rites in mountains of Ethiopia.
For years, Egypt and Britain Gezira have been locked In a political water. and diplomatic battle-marked
by outbursts of bloody violence- over this million square
territory of the upper Nile,
LAND OF CONTRASTS
mite were
But now, with the solution at hand, with the recent Anglo- Egyptian agreement, attention is shifting to other aspects of this land in the heart of Africa,,
The Sudan, in
The equatorial Nile project - part of a comprehensive plan the upper Nite. for control of geography. Other parts include a reservoir climate, population and other in Lake Tsana and one or more characteristics, is lond of con- in the Nile itself,
are
The project also aims at
logo preventing of Nile water as
EL
teeming the river winds through the debate of the motion Lo be
LYCELS,
Within its boundaries barren desert tropical jungles. It has
the
and
Through the whole length of and
in Lake Victcria controlled by u
the dam nt Owen Fails. The
They
are Visecunt Simon
Sir
Nov. 25. Heidelberg, United States milliary staffs in Uganda government already is Europe have ordered the tradi- The Sudan population is over | building a dam. at Owen Falle Donal feast of turkey - more D,000,000. Around 5,000,000 live for the generation
in central and northern, Sudan, power. They are mostly Mosleens of
dery
CCR
aro
Ho
STORES, ETC.
Dairy ..... 23.40 23.50 Watson
21.00 L. Crawford zala
Ewo
33.40
31,70 nominal
33.13
33.01-02
33.41
32.53 bld
32.53. bid
37.63 bid
33.73 bid
-United Press.
Singapore Rubber
three
by a third on the gure for the same period last year. As A result the industry has had to curtull production to million machine's
year, In 1951 it was producing. four million. Our Own Correspon- dent.
LONDON TIN MARKET
London, Nov. 24. The tin market was fim. Turnover was 65 tons of which 20 tons were fer cash.
Closing prices:
Spot 1. buver
seller Dusiness 3-month tin, buyer
Singapore, Nov. 24. The market steadied up after
Business lower ening to above yester settlement' day's closing. There were good The New York Stock Exchange | trade and factory buying. bond volume was at $2,810,000. Prices:
665
607..
GAS
Palier
6473 450 647!4-850 665
LEAD AND ZINC Prices of other metals closed on follows today: (în sterling per long ton.) Jan. 501-301 Feb. 30%-80%
Buyers Sellers
The American Stock Exchange No. 1 rubber per 18. Dec. 021-59 volume was at 330,000 shares.
Dow Jones closing overages | No. 2 rubber per 1b. Dec. 571-374 Copper spot
"
No, 3
No. 4
06.30 No. 1 pato crepe
277.13 Spo1 rubber unbated
B180 Blanket crepe
were..
500 5 231
21,50 075 33.53
30 Industriale
20 alle
15 Utilities
05 Atocks
105.33
40 bonda
06.02
Comm. future
price index 1594)
-United Press.
50 0
BOG 0.10
New York
Rubber Market
(0.33 aff)
Large
B-month Lead Nov, Fob, Zinc Nov
8519-55% 51-001 5814-384 54-07
48.49
United Press.
New
234
2272%
05
012
DILG
7522
Fcb,
KÜnited Press.
Copper
Chicago Grain Mine To Be Worked
Prices
Chicago, Ney, 24.
Closing PricOS Price per turbel in co Wheat No. 2, red
Dec.
London, Nov. 24. Britain's African copper production will be boosted by 18,000,000 lbs. a year by the opening of a new copper mine in Uganda under a financial pe noms agreement announced between a Canadian mining 2004%LET) 100%4(L) · 1989-Y firm, the British Colonial Development Corpora- March 1954
203-503 203-2021
tion and Uganda Development Corporation. 1001
18516
New York, Nov. 24.
closed The rubber market hill." His boss, Defence today 27-37 points higher with Spot Secretary Wilson, asserts that entes of 42 contracts, no drastic changes in defence The market's buoynney, dealers stay outlays are being planned, and explained, directly reflected the July
dentes By
Sopt. that higher trend at London. rumours
Com, No. 2, yellow They will be cut to such a point The spot market ruled quiet ns will adversely affect busi- and firm with No. 1 Ras quoted Spet
up to 21 cents a pound. Closings: | March 1994
Dec.
21.00 $1.00 bid July
1
BASS.
*
prospects. Starting, down a hill
AN ANALYSIS Nevertheless, this puis a very different complexion present situation and
March 1954
May
on
cn
the
July
Sept.
the
Dec.
is certainly gradual; but going
MAY
21.00
Sept.
18715-15
37TS 183
21.10
31.15 bid 21.30 bid
Hyp
Dec.
117-11634
United Press.
March 1954
Dec.
7034
Exchange Rates
Nov,
of electric than a pound por person and all the trimmings for tomorrow, 2-A regulator near Masindi Thanksgiving Day.
further down it might not be.
March 1904 culture with strong ties to Port..
Army Quartermaster During this holl-your dc
'Boybeans; No, Z, yellow the neighbouring southern pro-
in Can reservoir
anid troop. 'moss halls 3A storage
fence outlays have. evidently
Spot vinces of Egypt.
Lako Albert controlled by a were serving a menu including been rising if the crest comes
Jan. 1954 In the south there are around dam.
fresh shrling cocktail; roast in December, that might be the
Business" was done in the local arels tribesmen, .. 3,000,000
mostly
cornbread 4-Ona, or more balancing turkey:
dressing,
highest average month... During unoniciei, axchange,
this market
Hay primitive.
reservolks controlled by - dams giblet gravy; buttered fresh the first half of next year they noming at the following rates: 1ຍທ Eplans in the past claimed between Nimule and Rejar... pene; lettuce and tomato salad; are the to fall progressively: US dollar ber 31) vitae OBT
Stering Faster der Eileen. 1827 Sept.
"Harley Britain gave the Sudan just
Indonesian guilders (per 100) 20.30 5. The Jonglei Canal, con- hot rolls; fruit cake; pumpkin some observers think
77.10 Bool enough progress to keep their trolled by a regular dam nerous ple, assorted candy, and mixed next June the foll may have Siam lepis (per 100)
3,72 |Singapore (Strolla) colonial grip on the country, the river.Associated Press. Thute-China Mail Special.-. renched $7 billion a year.:
Indo-China, plastros (per 100) 7,83 ncm.-United Press.
that by
The new source of copper will, concentrate.
come from the Kilembe mine] The cobalt, concentrate will in the western province of be processed at Kilembe, and Uganda near the border with cobalt_oxido lpped overscas Belgian Congo.
for refining and the production
mine intenditure to bring theic cobalt.
Total
production by 1050 will be £0,300,000.
The mine will be served by
a new railway being built from Messrs Frobisher, Limited, the Kampala, the capital, to Kasese. Canadian mining firm and a. Power for tho Jinja emelter subsidiary of Ventures Limited, will be
be provided by the new has already
apent
£2,000,000 £22,000,000 hydro-electric 2011 nom, and the Colonial Development
at Owon Falle. Under | Corporation · ́ ̄and' the Uganda
an egreement the Developinant Corporation are Klembe nine will be linked cach contributing £2,500,000, with the blg Macalder-Nyana
Under the present plans the mine in Kenya and copper pro- Kilembe
produce ducts from the Kenya mine will mine will 40,000 tona of ore a month from bo treated in the Jinja emelter.
contract.
130-100
long-term New York, four, 200 ib. sack, $14.10, which will be produced a copper under
concentrate and. cobalt pyrite' United Press.