THE CHINA, MAIL, FRIDAY, JANUARY 15, 1954,'
Claire Bloom's “Double”
Now Hillary Is Eager
Pago
andi COMMERCE SECTION
A
Carol Ticklin, the Canadian girl who won Claire Bloom "double' contest in the United States, is pictured at London Airport on her arrival by BOAC airliner from New York. The trip to London-- during which she is to meet Claire Bloom—is part of Carol's prize-Reuterphoto,
A FIVE-YEAR PLAN FOR PORTUGAL'S COLONIAL EMPIRE
Lisbon, Jan. 13.
Portugal has successfully entered the opera- tional stage of a five-year, 7,000 million escudo (US$240 million) programme to develop the world's third largest colonial empire, according to the newly-announced budget for 1954.
Utilising half the 14,000 million escudos allotted to the overall Portuguese Development plan launched early this year, the colonial scheme will develop ports, dams, railways, roads, tele- communications, industries and health in the 2,170,276 square kilometres of an empire stretching to Timor. The 1954 budget will get the programme moving at top speed.
For
this
reason,
arc
the
not
from difficulties,
Portugal has few of the usual; itself. troubles of a moder colonial Portuguese prefer to call their In an age when other possessions "Overseas Terrlieries” power, colonial empires have been con-auther than colonies. sumed by fary nationalism, These territories Portugal is practically unique in entirely free having experienced no internal | however, the gravest being New strite in her oversens possessions, Delhi's repeated demands that "The existence of peace and Portugal give up the 3,983 square relative prosperity in our over- kilometres of Portuguese India,
provinces,"
Ministe
FLATLY REFUSED
held these Darzo and
of
Overseas Territories, "}]
Portugal has proceeds from the fraternal way territories of Gen,
we have carried out relations Du on the Malabar coast for with various racial groups, all
more than five centuries, and considered equally Portuguese.
has fly refused to consider There
Is no colour bor in New Delhi's demand. It is not Portugal's
territories, OVETACUS nor is there any apparent Com Sxpected that India
force. munism.
The territories are considered for Portugal
To Explore Japan Is Seeking New Outlets
Antarctica
Wellington, N.Z. Jan. 14.
Stability In
Thousands.of.New Zea Indonesia Says: landers seeking new places to tread and fresh moun- tains to climb have been stirred by the announcement of efforts to plan the ex- ploration of one of the world's "secret lands"-the ice cap of Antarctica rounding the South Pole.
sur-
They see exciting possiblities ut and searching in mapping Jeast 5,000,000 square miles of lonely, silent wastes, less than a day's night from South New Zealand.
Newspapers, scientific circles Gnd movala.net:8 welcomed the announcement at the end of December that various Govern-
ment departments in Aarti
New Zealand were believed to
Australia Brid
be
discuss of a trans- Antarctle expedition crossing from one side of the Antaretle
other by way to the
of the South Pole:
In terms of physieni offort. traversing the terrible wilder- ness of the polar regions would be comparable to successful ascent of Mount Everest. En- thusiasts declare that the re- xulte would be much more worthwhile.
ing the possibility
While the world's unknown arcas have diminished greatly
Sir Edmund Hillary....
In the last two centuries, the Antarctic bas barely known the
foot of an explorer. What has been mapped is comparatively insignificant in size.
For Her Goods
Commodity In Asian Markets
Prices Needed
New York, Jan. 14. Something similar to the price supports paid farmers in the United States WIS needed on an international scale to stabilise world commodity prices, the Indonesian Ambassador to U.S.A., Mr Moekarto Noto
widiodo, sald today.
В
Speaking before, a meeting of the American-Indonesian Cham- ber of Commerce, the AmbasSD- dor sald that even
slight decline in the economy of the United States was bound to have a serious impact on the economy of other nations such as In- denesin, which reiled on foreign trade as a principal source of income.
The end of the Korean war 10 had brought the world face face with the fact that developeł and under-developed countries alike
had enjoyed prosperity de- pendent upon war, he said. In- donesia was dependent upon the export of tin and rubber for ap- two-thirds of its proximately foreign exchange, and the prices of those commodities varied more than 250 and 350 per cent in the last three years.
STOCKPILING
The United States had dealt with the problem of price fluctuations in agriculture with price supports.
UN REPORT WARNS
(From Our Correspondent)
WEST
Geneva, jan. 14.
The United Nations this week warned Western European Countries of the rapidly growing Japanese competition in Asian markets. It urged all countries in Western Europe to adapt themselves hurriedly to the fundamental post-war changes in Asian import requirements.
The warning was made in a United Nations report entitled "A Study of Trade between Asia
In Favour Of Selling Butter to USSR
New, York, Jan. 13. The butler trade gell- erally is in favour of nell-
ing
surplus butler Lo Russia "if the price is right,"
a
Tas jor butter wholesaler said here, to-
day.
Alr Lewellyn Watts, President of the New York Mercantile Exchange notrd the "world market price is around 45 to 59 eenis pound" and called it a fair jeve),
of Mr Watts said sale surplus butter would offset the danger spoilage of the huge amount of butter stored up
the through price support programme, -United Press,
HONGKONG nd Europe, released in Geneva. It is a joint NEW YORK
SHARE MARKET
(From Our Correspondent)
Business done on the Stock Exchange amounted to $639,- 021.20. Noon quotations and the morning's transactions: SHARES DUYERS SELLERS SALES
BANKS
HK Bank .. 1020 1025 40 1630
171
ID 1020
report issued by the Economic Commission for Asia and the Far East. The Economic Commis- sion for Europe and the Food and Agriculture Organisation.
The report states that it is extremely unlikely that Japan's textile production will remain at its present level, which is only 50 per cent of its pre- war output.
the
of
oul.
In
STOCK MARKET
strength
New York, Jan. 14. The stock
market extended its advance through the third "If Japanese textile produc-, anxiety about Japanese com- consecutive seaslon today with flon were to reach
com-petátion in the textile industry,
goins which lifted all major groups to their best levels of pariively modest target three-quarters of prewar
The anxieties stem from un- the year. put, this would imply on ex-certainty about the future
Industrials - featured by
In olis, port of half as much again as in all parts of the British texule
electrical fear and from
of equipments, tobaccos, aircrafts recent years. Therefore an in-industry lensification of competition be consequences of any change in and
up $1.40 on metals-ran tween European and Japanese present trade policies with the average to their best level no mas textile exports is to be expect- Commonwealth and native since March 27, breaking
e: it says.
markets rather than the pre- through the dimeult 284 It points out that any expat-sent volume of Japanese trade icsistance mark in the process. sion of Japanese exports
In cotton and rayon textiles,
28 cents in the Utilities, up only take place "at the cost of the report said.
best percentage gain, also were deteriorating price
at their best since March 27 and Lancashire must be compet!- not far from the 22-year high ships."
Japanese price
in service as well Provident (0) 13.30 151 150 1.40 is probably be met by many price, the report stressed. The Curriess continued strong and
as in set on March 13.
"Some.bing nor infernctional posle, although
nat
East Asia
INSURANCES
Union Underwriters ZVIL | SHIPPING
7.10 71%
20.20 100 € 20
AK NAV DOCKS, ETC, K. What Dock
1.15
over ob
will.
Shal Dock Wheelock
.. 8.10 .15 3000 + 11.05% 4000 8,10
to
Bu exact counterp: 1. IG Waterboat obviously
The to RECENTLY stabilisation of prices of zen.
**** | modities produced by the under- developed countries for sale In
international market which they have little cr control," he said.
An
to
He noted that a series of pro- posals was submitted
the United Nations recently by a втор of econernists, whith sug- gosted the stockpiling of world commodities to stabilise prices.
"Such measures are necessarY for the protectite of the develop
well да the under. developed countries" he added.
Several years ago the Labour Government, under the late Mr Peter Fraser, considered development plan but nothing Router. ever developed.
Singapore Rubber
Market
Since that day, however, £ standing body known as the Antarctic Committee, has been set up in London. Representing the Commonwealth Govern- ments and learned societies, considers and reports on all
Slogapore, Jan. 14. matters affecting the Antarctic.
The rubber market was again France, Australia and New
quiet. Prices closed: --- Zealand have territories and de-
No. 1 rubber per 16. Jan. 5614-884%
5045-37 February pendencies there of great area,
Murch in
0044-57 and many enthusiasts who,
No. 1 rubber per lb, Jan. 801-507; the past, have urged the deve-
No. 3 rubber per b. Jan. 541⁄2-5434 lopment of the
region for
No. 4 rubber per ib. Jan. 314-412 Spot unbaled
06-5016 scientific and strategle reasons,
Blanket crepe
47-48 have been dismissed as cranks
No. 1 pale crepe
65-60
and nuisances.
Now, lending newspapers are asking the New Zealand Gov-
to
jec-
Unitect Proso.
LONDON MARKET
London, Jan. 14.
The rubber market was. quiet
LAND. ETC. HK Hotel
IK Land
Realty
Aber Land
UTILITIES
Tram
Star Ferry...
80
*
16 # DO
20.80 1060 or 2015
1.00 9 2000 or 830 7577 1000 2 1815
7.1.40 2.03 2.0775 7000 18 2.0715
2828.10 1500 20
C. Light (0) 14.60
con
relation
33 unsatis-
in their best
competition{tive countries by various attempts refusal of dyers and bleachers,
discriminatory
Trade to undertake firm contracts with a gain of 49 cents apply policies. But, owing to the low consequent loss in export bual average lifted it to the
jevel since Dec. 18. Ilving standard
increness was regarded of Japanese workers, and the small number factory by the Textile Exporters of markets now politically de- Committee which demanded an pendent on European countries, improved service.
measures are likely to | prove ineffective in the long
such
The Directors called for an all-out industrial effort with Government encouragement to
Volume picked up on tho move, with the total for the day amounting to 1,530,000 shares, compared with 1,420,000 yes- terday,
Investment demand boosted high-grade industrinis,
200 28.10 run." 146
To meet the Japanese com- ensure that Britain holds her Steel shares were up fraction- -1027 of 14.00
1500 or 1.70 petition and at the same times position in the world's competi- ally, Motors firmed. C. Light (N) 11.00 11.00 1300 11.70 satisfy Asian countries' new ive struggle. Electric
30 40% 700 30% import needs, European coun- Tekptione .28.20
The New York Stock Ex-
change bond volume
The
500 a 20.20 tries should step up output of The report said that Govern- $4,310,000. machinery and other capital ment aid in expenditures and equipment,
taxes wos
ask for shares. "to
INDUSTRIALS
Cement
19.30 1014 STORES, ETC.
Dairy ...... 20.40 20.00 1000 or 203,40 1500 d 2011⁄2 Watson 22.70 22,00 500 22.00
Crawford 2511⁄2
COTTONS
Dwo Textile Carp, 8.20 MISCELLANEOUS
Yaurnati
....
142 144 100 Ft 142 2000 ve 143
WTS
it change
American. Stock Ex- volume wus 300,000
Dow Jones, closing averages
Jari. 14
-28440 DO.OT
43.34
consequent lowered needed because TEMPORARY ABSENCE Western Euorpe should ac-greater all round effort without Loeterate capital investment
a tangible Incentive will get us were: in nowhere". the under-developed countries
30 Industrialis 2 1830 + 1.00 of Asia, odds the report.
Certain Continental countries, 20 ras European exporters had been
the report noted, even without 15 utilities
CS stocks able
to maintain themselves
specia) schemes to aid exporters, 40 bonds well In the Aslan markets
were now employing their re- Comm. future price index 45 170,99
-United Preda dince the war because of the sources in an intensified effort temporary absence of Japan to secure a strong foothold in cse competition. "With Japan's world markets. industrial recovery virtual disappearance of China British Industry was now as Japan's principal export poised for further expansion, outlet, European exporters are having recovered the 1951 level slightly behind no feed with a severe com after falling
thee during 1952, --- China under-developed countries." Special
The report · · states that the development of domestic textile
US Commodity Markets
of
with a
and the
New York Sugar
Market
New York, Jan. 14.
futures Leading commodity
petitive struggle in ernment to take a greater in- but steady with No. 1 spot closed today lower under the terest in the vast area
a sharp reaction in Impetus the quoted at 17-1/16 pence per lb. will try
south, over which she claims Prices:
and coffee, "recent, specula- dominion, the Ross Dependency, No. 1 apet Ra
favourites. Another potential trouble spot
New York, Jan, 14.
• 460 MILLION LOAN En uninhabited Britlin Settle-Bettlement house term:
Traders said the decline up-
World No. 4. sugar futures is Macao, on the Integral provinces
February of Portugal,
peared to be mainly an overduection in Ching and Indin
Washington, Jan. 14. closed today unchanged to 2 edge of Communist China, where ment which is completely
March
strong return the more or less
same as Red
technical correction, pointing of Japanese textiles in Aslan and
April/June Portuguese border covered,
Government economic officers points lower with sales of 50: province in continental Portugal
July/September
out that cocon had jumped guards exchanged shots during
today that during the contracts, markets, suggest that European sid almost ten cents, a pound in a textile the Summer of 1952. Conditions Shackleton Dreamed General markets, el basis, ports:
in Aga calce
would coming year the International Domestic No, o sugar futures were quiet all last year.
Ettle more than a week. Grains inexorably declina?"
Bank may lend. Japan - up to closed unchanged to 2 pointer closed mixed. Mainland Portugal plus her The three interested Govern- | Marcit
and perhaps South
exports passessions are as big as Spain, ments,
to modernisation and allied pur Future closings:-- Italy and Africa, have still to agree France, England,
Western Europe poses,
concentrate on. Germany combined, and include the scheme and their Treasuries
Contract No. 4 (world)
Nationalisation Reported In West Java
| Angola," Mozcambique and Perlu-
cocoa Elve
17-2746
17-1735
January
February
to
1785-1794 17/2-1727 176-1795
20-19/10-17 1015-17 1072-17 United PreZE. NEW YORK MARKET
New York, Jan. 14. Rubber futures closed today
At Chicago, wheat closed up
of European
14
to
4 cents.
shying
now
Detailed plans, to be consider
ed
1 cent; soybeans off to Rules once made, up the $80,000,000 for industrial | higher with sales of 27 contracts,
At Winnipeg, wheat was priced
but
..
May
Asia with caulpment The need for much loans wàs March Kuose Gulnco in Afvien, St Tome. be difficult to convince unchanged to six points lower at 180 2 cents per bushel for needed for
its own Industrial recognised by an International July No. 3 Northern, and for No. 5. development. later, will show the advant- with sales of 36 contracts.
Such equipment Bank mission which recently September the Quietness featured
spot It was at ages of securing geological and
165 cents-United should bo economical rather visited Japan and reported on October with spot No. 1 and meteorological data
Rss Press. in-market
than
Spot cents per lb. fob Cuba) Portuguese formation
labour-saving. Highly-the "technological obsolescence"
Contract No, 6 concerning
radio holding at 2015 cents a pound.
CHICAGO GRAIN
developed machinery would of most of that country's in- Mareli Future closings:-- -
Chiengo, Jan. 14. in those regions, transmission
the Have
adverse effect of dustry.
May Prices per bushet in cents:
July as well as arguments in favour Merch
May
Closing Prices setting tree more of the
September which
ready surplus, manpower." of u
Jan, 14 permanent base
November might pave the way for regular | Beptember
spot (cents per ib. c NY 209161 scientific work.
Match (1958)
ex-dock),
Mozom Twin
are
I
Principe and Cape Verde Islanda uft West Africa, Macao, Portu- guere India,
and Timor.
kaystorica Singapore, Jan, 14.
and Angola. The Indonesian Government
"If I were 20 years younger, has formally nationalised gos
diplomat, sald, a top American and electric companies
"P4 go to Portuguese Afrin und West Java, according to a remake my fortune." port from the Singaporo
special
correspondent
Standard's
and received here today.
The action may be the first
step towards the full
MAY BE URANIUM
July
December
PESSIMISTIC
al-
The maximum figuro $60,000,000 combs from the fast
of
20.400 faret 21095(21) 20%(2) The report is very pessimisthat this amount is all that United Press.
fle regarding Japan's postbull-the Bank, under its prezent ties of re-establishing its trade policy, would lend Japan on top
of previous credits,
20.40 29.35b Su-35b
20,405 Wheat, No. 2, red 20.40b Spot
Gold
Found In Ceylon
May July September Cora, No. 1, yaliqw. Spot March | May Juty September New York dour, 200 lbs..
sack
2091*
2004
with China,
100%
1521-**
1644 18431
is doubtful. If the
$13.000
United Press.
position
prewar properly service total long-term
sterling. The Everest climber ha would
venture
the New Me Clifton--Webb, Zealand Minister for External Affairs, said of the proposal: "It
imaginative is which no doubt, if it is provod practicablo, should have con- siderable scientifle value.”
an
"Even if polluical circum- The Bank. In a supposedly stances allowed greater freedom "confidential" decision of lis of trade- between the
two Directors, has decided that "for +130% countries, the report aids, "it the time being Japan is able to
04
1
0.011
**United' Priad.
Dried Milk For Penny A Pound
the virtually untapped nation hinberland of Biocambique and atisation of all foreign firms in Angola, whose combined popula-
la 10,000,000, a joint Portům, this fold of public operation, the dispatch said,
guese-American 32,000,000 land mineth The Government cnnounced survey is mapping the
wealth of the country. Besides
The cost of the venture
The Colombo, Jan. 14.
Agriculture, Department could be re-estabilsh- that they had decided to go
d. Chiar is now reported to dollse lobe only up to $100,000,- Loeing: Hold 20,000,000, 10% of sur shead with West Java national copper, manganese, diamonds,
£200,000 boroughly
Encouraging gold deposits
000 nearly self-sufficiat.
plige dried milk fisk ( penny found Cool
and oil the survey is ex- dan bes
full
been bedione neaching
in the Bir Edmund Hillary,'
National textiles, which formed. 20 par since the Bank only recently pound to the#UM turt agredment
OGEM, the Docted to with
- up- valuable
close friend, George Lowe, have; and "Aladuwa districts of Cen- Dutch Company which operates ranium deposits.
Another with their both previously expressed her tral Ceylon, it was revealed and electric
These provinces, outlets in
The tatamal power of development milk w China's economy since 1960 totaling $40,200,000, this leay The 'will' be shipped to Jakabta Cherbou Tanggeng. Lourenco
railways and active ports of nose to visit the rexis today.
has been planned and develop potential borrowing capacity and Japan, and will he Kobjezań and Jabiringmenn,
Marques, Beira, the south. The is not wurprising
Specimens of quartz from [any Nagoya}" Jagan, Jàn." 14.
countries, including Alf gas and electrical opes. Lude and Lobito are a vital for the trans Antarctic trip, if the Balangoda district have
The Nithin Trading Company ed on a basis of trade, pří
"Russia' tiems so these five CDer will outlet to Africa's rich inland ever made, would be one of the provided conclusive evidence was reported to be preparing to marlly with
Savunmang sintil there is some Eastern Europe. greatest exploration" Journeys >produce
Ibe Bank's,^ henceforth be managed by the Bonies:
But, that there are substantial gold ship $75,000, match, plicit over undertaken by ma and foodstuffs, Indonesians.
deposits; in tile filand,vi
Indonesia during
{"Finally" Japan. lins no longer. Press. thepation ogbe, February Ad Apel, this year. *** the political and inancial posi Shackleton dreamed of it: Bo oils. did others. But until
and head of the Department of outragti
ionis chouteng for the export of flon in Chinaghati to lap Geography, st
far Itifuenced this hatureOL La lack of molest1156.
Fati in jiha Usirkles!! University said he bellavid, match factory have meant certain disaster.
and he Balangoda," Madugoda, Helboda |Alatch. Plant For Pent of Jagan's exports in 1938. granted Japan; three loans, for international Childres Emer
They
The nationalisation of foreign truding potable
coffee, Cotton,
gas » and electric companies in misgan, East. Jaya is expected to be Private American a capitel
June, the dis- Blowing into Angola, da wes
well
complated by
patch added.
ECA
money.
muốn về The An
It was learned that 95 per incercnt, piros, ribbeck oint of the foreign personnel | would continue at their posts needed, bet ace; the crocieron sind mountain despite the switch from foreign aid saadete h
Since most of the "bợphmuốn |," "The.Antarello
to Indonesianka Government for cad put down strohe
ownership.UKMeð Press,"
United Pre
זי
mble:
**Indonesia
to
dihanna Hot alightly less than 24
“celling ***
..
forellet fooding operations. Department bought the
dried milk under price support programmes for about 15 emisi
2
Exchange Rates in
The Departmáne cold 1,000,000 moro, pojale of surplus butter Wall done in the just to the Army for 15 gäntä ó pound
1116" "Arm{"""h" Bought