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THE CHINA MAIL, TUESDAY, JANUARY
UNITED NATIONS ECONOMIC COMMISSION URGES:
Bridge On The Moon,
"Asia And Europe Should M, He Saye Readjust Trade"
IMPROVE ASIA'S ECONOMIC DEVELOPMENT
Geneva, Jan. 4.
The United Nations Economic Commission for Europe recommended today that Asia and Europe readjust their trade policies to relieve Europe's dependence on the dollar area and improve Asia's economic development.
In a 165-page study of trade between Asia and Europe, the UN economists urged readjustment of world trade and payments.
For many reasons, including the increased importance of the dollar area and the low level of United States investment abroad, the UN study states that a return to the "traditional" trade patterns of the 20's is difficult.
tobacco and cotton In
are
With the decline in demand seeds, for silk with the problem-Europe appear to be consider BLX future of rubber aryl 190, able and the longer term prose
sub-pects appear
to be fairly good any "the prospects for dantial ercase in Astan exit increased production and re-
Asia JIL CUSH ports to the United States are duced
the achieved. Comewhat
uncerto and extent of doltar earings being
Although Europe has provided depends on markele for nearly one-third of spent in Europe the ability of European products the exports from Astan coull- to compete in the Asian import tries and has supplied them with market."
similar proportion of ther im- ports, "trude with Asian coun
has
tor accounted tries
share-about relatively small and the eveu për tent--of the total ex- imports of European Far East to the United States) ports or
in-countries," the report salil.
Nevertheless, the study offers agu "deriravic" adjustment to this state of affairs "an increase of exports
from Asia
combined with
crease in source,"
a Muller
from imports
This
"The resulting dollar surplus used could then, In turn, be
in for larger Asian purchases Europe, this contributing to a solution of Europe's dollar extent problem," it Bald. The 11 of the dollag earnings spent in Europe would depend on the ability of European countries to supply the Astin uceds at con- petitive prices."
Lucie
25 p.c. DECREASE There has been a decrease of some 25 per cent in the voluine of Western Europe's Imports from Asta (not counting Japan As compared with the prewar level, it said.
On the other hand, "Western European experts to those Asian countries exceeded the 1938 level after 1948 and were nearly equal 1951 and to the 1028 total 1952, an intense of approximate- ly (wo-thirds since 1938."
In
raw many and the Notas.
has
"in the pre-war period abbut with Asia and two-uins of the Japanese for- eign trade was the Far Eant and over 60 per cent of this was with China and 105 L $11 contrast Koren. Ву China's share of Japan's trade declined to lem than
une per
, and the resumption of this trade is dependant upon political developments."
to
"In all cases the problem is fot sock sound basis
a developing ruture trade between the two reglory.
Burmu
In
of
The countries included in the study are:
'Brunei,
Cambodia, Ceylon, China, Federation Malaya, Hongkong. Inda, cloneda, Intrath Korea Nepal, North Bornen, Pakistan the Philippines, Sarawak, Singa pore, Thailand und Vietnam- United PreR,
100s,
pic-
Dr. H. Percy Wilkins with bis 15-inch talesböpe who said thai astronomers have spotted a huge bridge on the moon which looks like an engineering Job". The bridge is 20 miles long and 5,000 feet high, and spans a gulf between mountain do not ranges 6,000 feet and 10,000 fest high. But there appear to be men on the moon after all. "The bridge, is, of course, not man made" said De Wilkins, "though the
mlico two
across " is 20 miles the arch is probably only
"A meteorite might have crashed through The explanation?
arch a molten-lava barrier and as the barrier solidifled an
was left."--Express Photo.
#pat:
Wrote To China
-
For
His
Son's Release
Oklahoma City, Jan. 4.
1954.
COMMONWEALTH TOLD TO USE U.K. MONEY MARKET
Sydney, Jan. 4.
British Treasury official, Sir Leslie Rowan, today invited Commonwealth countries to exploit to the full, the London money market. He sald there was no competition between it and the Inter- national Bank for raising loans.
He gave this assurance to delegates from nine countries who are preparing for Friday's Common- wealth Finance Ministera' conference here.
This first day's discussions, held behind closed doors, concentrated on the problems of Commonwealth development and the need of capital investment throughout the Empire.
Omcial sources said the ex- peris urged greater efforts this year to increase the tempo of development in many Com- monwealth areas.
Pakistan and Ceylon dete dates
queried tho
criteria"
today
Best Customer Of The
Paris or terms on which
money could be obtained from the International Bangk for development purposes.
An
Police
Paris, Jan. 4. 84-year-old man who boasts the Utle of France's "Oldest pick- pocket" had evidently not benefitted by his years of experience
Polico picked develop-
Dr Roland Wilson, Secretary to the Australian Treasury and Chairman of the meeting, told delegates that
of a shortage tringed specialists in industry was still the greatest bærrier 10 Commonwealth ment
The overall picture from the irst day's meeting Is one of confidence, but delegates from said the Ceylon in particular
for Overscos capital In their country far outstretched the capital available.
need
They anid the slump in ex- port prices
rices of rubber, tea and coconut and the rise in the price
of Imported foodstuffs had forced their government Lo abandon its food subsidy pro- gramme.
30
The flow of capital to Ceylon was falling further and further behind the country's needs and precipitating an economic crisis.
A drafting committee
dele- from Ceylon, Pakistan, Kateg Australia and New Zealand was fo:red to prepare a paper on developmental problems for pre- sentation to the Finance Minis- conference. Mr Doughs Abbott, Canadian Finance Minis-
day
him up again 10- for relieving passen- gorn at a Paris railway terminal of their wallets and handbags.
Jacques Lucien Fayi is nicknamed "the elder by Pollon
defectives predecessors have
whose
been
"doing business" with him since 1910.-France-Fresse.