THE CHINA MAIL, MONDAY, FEBRUARY 15, 1954.
A new and unusual picture of Britain's latest all-weather fighter the supersonic Gloster Javelin which is to go into service with the RAF shortly. This picture shows the Javelin's "bat" shape as she rolls over during a recent test ilight.
The Latest Round-Up Of Aviation News From Britain
America
Takes The Lead
In The List Of
The World's Air Records
In this latest round-up of aviation news from London there is a list of the latest official world air records Issued by the Federation Aeronautique Internationale, an expert examina- built at Sydney tinn
of big wind tunnels (one. It was announced last week, is being
of University), as well as nad jottings of news about aircraft and the aviation industry Britain. Much of this Information has been sent by air-mall to The China Mail from the complied and London headquarters of the Society of British Aircraft Constructors Ltd.,
written by their own experts for the "not too technical" public.
A
London.
A
19.
The man
who will carry out beyond the speed of sound they the the tests In Dr W. F. Hilton, 41-are useless. So tunnel designers edition of new
world avin-year-ald chief aerodynamics of therefore have to eliminate tun- leial list of
cel interference altogether by Armstrong-Whitworth Aircraft,
ea otul design-and this becomes tion records, issued by the
n particularly Meuit problem in Aeronautique Federation
transonic tunnels that Internationale, shows that
tunnels for tests just above and below the speed of sound.
There is
factor one other which keeps wind tunnels large. caused by the
need to keep down turbulence in the airflow. This turbulence spolls the smooth over the model stream of air
rectified and can be keeping the tunnet large.
Hilton: "I msin Says Dr
19 fuster determined
Hy
und Inster, it seems that the physicists all five of the absolute and metallurgists have plenty of world air records are now work before theft, particularly
of the development held by the United Staten.
They are for distance in materials."
a straight line, for distance
021
#
base, and for speed un closed circuit.
house jet engine,
apie 2
on the
poth in
given
The
newn
over
Bre
new
has
the
The
search for twice
1
FKABE Jama
COFMERCE SECTION
Page
HK TO GET JAPANESE EXPORTS
FOR RE-SALE Included In "Colonial Quota
From Our Correspondent
London, Feb. 14, Trade provisions of the extended Anglo- Japanese sterling payments agreement wiff not, it now appears, have such a drastic effect dn United Kingdom exports to the colonies as wds first thought likely.
To judge by the vehemence of its protests against the agreement the Lancashire Cotton textile industry feared that its goods would be swept out of the colonies on a tidal wave of cheap Japanese imports. That over-pessimistic. view is not justified in the light of new information which the Economic Secretary Mr Reginald Maulling gave the House of Commons last week.
The colonies have been informed that they, “may import from Japan in 1954 up to their requifèntents' for internal consumption and for entrepot trade. And this of course, will lead to a sharp increase in colonial purchases from Japan compared with the low Agure for last year when this trade was greatly restricted.
Luminous Gar Lidence Plates
Las Condes, Chile, Feb. 14. The municipal authori- fles of Las Condes decided to Issue luminous licence plates to make them more readable and to stop cars
thing to others park? But
Hcence Estod. by law and
charge in
no extra possible for these more EXPENSIVE Hoences they will be trued for three, Fear periods instead the present 15/month
To
histes, "upechat
VRER" WIšbes'abo Wilpg? through) - perforated Jottery ・ and
nimbers may be changed" -frott thnbəsö time,China
Mall Special.
Slump Hits London Share Market:
Index Down 2,9 Points
From Our Correspondent
London, Feb. 14.
The reaction that is always bound to follow sooner or later on boom conditions hit the London Stock Exchange rather sooner than most people Had expected: Finne on my pro kung
'ין..
It seemed inevitable when dealings began on Monday that the Financial Times Industrini drdinary share index would burst through its all- time peak of 140.6 renched in January 1947, A pile-up of week-end orders gave the markets its
HONGKONG busiest day for seven years on Monday.. and the
SHARE MARKET
{From Our Correspóndam?
Business done on the Stock Exchange th) morning amount- ed to $330,683.' Nôón quotations and the morning's dealings:- SHARES BUYERS SELLERS WALES
But the Important fact that be sold (by Japan) depends on ha, now been revealed is that total sales of textiles in the the increase In Imports from Colonies, the degree to which Japan for internal consumption Lancashire is competitive and
the colonies will amount to also the degree 10 which | GOVT. LOANS nly £7,600,000. The rest ot | Japanese imports displace not the increase and it will be con- Lancashire goods, but goods from siderable will be accounted for other countries."
chiefly
into long-
markets.
by imports
kong und
nélghbgapore for re-sale
ing rate; at one time it held nɔ
then
more
SMALL PROPORTION
دي
'9
pointed
to
It must have
not
(19) 915 AK Bank..
Asia 163 HADRANCES
d5s SHIPPING
Asia Nav
1003
index jumped from 139.3 to 140.1, ...
A few more decimal points would have pushed it through the ceiling but on Tuesday end-of-account-con- ditions intervened and the index finished the day a mére
1 better.
With the opening of the new Decount on Wednesday, proft- laking began in earnest and the index slipped back to 139.0. By believed in the possibility of a this time very few people still
reduction in the bank rate, the factor on which the boom had been largely bas
based.
On Thursday the announce ment of No change" in
the
AD
rate, though a disappointment. was που therefore quite
It might depressing of been. Prices receded
NEW YORK
STOCK
EXCHANGE
New York, Feb. 14. Tycoons of Antince this week
nest and the fought for control of a ralircad
Index onded the week at 137.3 und
peak and fwo points lower thnh just week's close.
were
have farther
1.13
that day ond
DOCKS, ETC.
22370
21,40
down 2.9 points from Tuesday's
a money-losing
Provident
company.
18.30 1.000
13.60
S'hal Dook. 4.10 Wireclock .. 17.03
LAND, ETC.
Really ... 2.17
UTILITIES
Tram
29 29,30
Star Ferry..
HK Hotos.. Humphreye
1.300 $30
073 1,000 8.30 19.10 10:40 3,000 mn 19:30 2.20 15,000 2.20
141
bo st C. Light (O) 1613 15.86 2.700 mp.181⁄2
Light IN) 132 13.80 Electric
217
Kios. 10.40
4
5 Wall Hand | MISCELLANEOUS
Yangtze the
The long needle-nosed Douglas X-3 supersonic restarth aero- plane has wings only 22 feet across.
what d
or
Yinati
of disguised
for Bank
means
મા
movie
Their operations enlivened the stock market at time when oxports sild It was due for a averages decline. Instead the
Tic rose slightly on the week. significance was that this is the sixth consecutive weekly ud- vance, something of a record for italy years.
Leading textile shares among the hardest hit. Colico Printers finished at 51/3 (2/4% tower on the wetk), Laerahtre Cotton at 51/0 (4/3 lower) and Coats at 54/3 (3/3 jower).
Other big price movements
: among the better-known shares were in Ford, 2/- lower on the
Howard 298 311 were Leylands 3/14
the mah tower at 90/0, Patons and Bald who mudo Jean Harlow famous, and sought to buy all the assets of wins 1/0 lower at 06/0
Cement 2/ lower RKO Pictures, n money loser lo Associated
The extent of $20,000,000. down Hughes offered $23,000,000, a
322,000 ve 31
4/3
nt 77/3.
Imperial Tobacco was
Hughes;
thini would nel stock-
to 58/3 on the week but price 1/3 of this loss was attributable holders sin, share. He would to Friday's announcement int get back some $7,500,000 of that 1,000 # 7,40
he himself owns a Com-becauso 3,500
the Standing Advisory 715 1,000 3.43mittee on Chicer had reported third of the stock, 1,300 6 0 1 relationship between sinok-
The other venture that high- 74240 152 ing and cancer of the lung."
lighted the stock market was a NOT ALL DOWN
movements however move by Robert R. Young to Price were not all downward. I.C.I get control of New York Central gained 1/1% on
on Friday and railrodů, á $2,600,000,000 pra
the second largest finished 1/ up on the week at perty and 51/74.
Of England Statement
London, Feb, 14.
Other gains were in railroad in the world. Hawker Siddeley up ninépenet td 53/- House of Fraser up 1/8 to 67/3
* UNORTHODOX
up
Young,
1/12
known for his railroading when
Mr Maudling's logic cannot be The total amount of colonial disputed. But
Socialist purchases from Japan this your members
out unless will be £91 million. The same
Japan sold up
the full figure that was agreed upon for amount of the revised quotas, this trade
the original the when
Government's object Angio-Japanese payments agree-
trade with Jashn king ment was signed by the Labour
not be achieved. The Government in August 1951.
whole purpose: of. allowing It was
Because this perly
colonies to import more from lovel of Imports was level
greatly Japan is to enable Japan to earn exceeded that the sterling.aron m ran into serious payments dit been assumed therefore, that the nculties with Japan in 1952.
colonies
only. licente the Arst
would half of that year, but actually absorb, imports up Telephone
2006 29.70 colonial purchases from Japan to the prescribed amount. It INDUSTRIALS were running at the annual rate could still be agtect of
Cement cntire
............. (20.00 21.20, 600 in 30.00 of £105 million. Other Com-
1,500 g 21 that £7,500,000 is a small pro- sTORES, ETC. monwealth
countries were also portion of the total of £44 mil-
Dairy ......7.2021 16 1,000 g 21,18 buying heavily in this market lions worth of additional goods Wesoly
XD X Rts, 18.20 closed circuit, for
with the result that Japan a tha colobis now be work that
Crawford 23.30 cumulated sterling at an alarm-perfect fo only by altitude. for speed on
La Impakt andal COTTONS astarted on the new transonte
Textles Corp 15 the agreement will not wind tunnel, designed us a co-
less than £130 million.
only
2.43 operative venture by the British
taken aircraft
to £6 ton firm.
Steps were prompts
pent remedy the situation-chielly by ditional importe of Japanese
... 0.00 is the purpose The ofletally confirmed speed question, "What
Is once again quantitative control of imports, goods for internal consumption. there large, elaborate strue-speed of sound record is that mytablished [3] of
Japan: meanwhile continued to
But rightly... tures, costing
a million eltering the strope of the maro-
wrongly October by Lieutenant-Com-
import heavily from the sterling Lancashho has taken 12 We have Why cannot this kind pounds? Verdin, in
gone from plane. James mander
the result that her swept-back area with wings to
granted
by. Douglas Skyray with a Westing-of research be made in actual straight
sterling surplus turned into and
Now the deficit of over deltas. Bight
wings the average
£100 million in
will sell up to the limit three-kilomete The answer is that while real accent is once again on straight,
1903. By the end of the year, of 12117
light
certainly and stubby wings. Tests
the expense of wind Lunnel is
Japan had run completely out of of this wil be necessary, the
The Bank of England state. sterling and Was forced to British textile exports if this ment for the week ended used to give measurements which
purchase £44 million from the docs in
:fact: prove to be Feb. 10, rends as follows: be produced only o could
International Monetary Fund in the case the loss to Lancashire Note in circulation great cost and danger.
order to repay the sterling she will tests for the
Last year, il Publie deposita will be serious; For instance,
had borrowed cn short-term exported almost 710 million Privat, deposits....... stability of aircraft (the ability
from the London money market squa to return to steady
The Royal Air Force Canberra
Government scurities flight after
square yards
piece Other, securities to cover the growing defelt..
Koods worth £88 million of Hevripts a disturbance) might easily end aircraft Aries IV, of the R.A.F. that the Soviet Union appears a
College
Manby,
"MUST HAVE STERLING” which 634 million yards were Bank ratio mainly in the class of records in disaster if they were made Flying
woven in its own
milly, The in the air. And even if actual Lincolnshire, which set up new for spherien! balloons, seventeen
for niglits in coch
The only alternative in the difference is the amolist of cloth
Bim throughout the week and and said he would take his case out of 26 of these records being light tests were made, aircraft records
direction between London and
that
Imported Government's yiew to a sharp United could not always be flown at a held by Russia.
the Financial Times index of to the steelchoiters' meeting on- The
contraction in the sterling arch-Lancashire for Inishing and
Government securities rose 36 May 20. States
however, holds the most constant speed and attitude to Cape Town in December, is to
Japaliels trade was to abollah re-export to the colonies.
to 100.05. The firmness of this Ottawa, Feb, 14. remarkable one, that for sititude. the airflow long enough for the be used later this month for the
Immediately heavy buying These re-exports are included Captains Anderson and Stevens necessary measurements to be Arst Arctic navigation proving colonial import restrictions
December exports of Canadian market was unaffected by the developed in Central stock. It model in a wind tunnet flight to be made by a R.A.F. Jet which, in any case, made;
said could in the 247 million yards of about made
cotton reached
bank rate announcement. 22,006 metres,
aircraft.
strict cloth
that
Lancashire exported
whent and four totalled 77,800,-
There can be
no certaintyse to $25.50, equalling the 72,400
high alnico 1951, It closed the feet, in a bulloon in can.
It will make
the Bureau of of 000 bushels, or near the North Bence of payments grow the colonies Scuf Du į Statisties reported today,,
blueger be justified on
will week which way the markcle Another point
11
$25.13% up $4.3734. Is that it is
at November, 1935.
Alghts over
and try to balance trade.on Lancashire's "true" exports
It was believed that interests Only one dirigible record re-comparatively easy to make s
This was a sharp drop from Dave over the next few weeks. And that is of cloth actually woven
The frend towards higher for both sides In the fight were mains on the list, that attributed number of design changes to a Magnetle Pole
high highest possible. lével. current time or to suitability
this was
on November, and from the same dividends to which the indus buyers of the stock. exactly what did. in British milis-some 172
it
million to Dr Eckener, who flew over model in a short
different allitude navigational techniques As
If the yards or about 27 per cent went month of the previous crop year, fital share market owes much 0.300 kilometres in
A few groups and a few the Graf test,
trade with one to The modifications on a dozen different for the high speeds and altitudes other chup
In the colonies.
terms of but it was only six per eit be of its recent strength is still on special issues made wide gaina Zeppelin airship In 1931.
in sterling
then
must have VARC
these exports were worth low the 1943-63 averige. any of jet aircraft,
he
factor, without wasting models,
But fast while the general list movech operativo The tests are being undertaken
The total brought shipments week's reaction was partly due more than £21 million but of
narrowly time between 'Rights',
for the chop year to 120,000,000
statement United Kingdom will take.
to the Chancellor's
Out of a total of 1,432 insteg WHY NOT SMALL MODELS of course. training GREFèles,
some 26 milions' worth of ad- concern about
The reason for during which lights covering a
the new trade 000 bushels in the 1952-03 crop elins tax cuts "elther in or A total of 731 registered, it ditional goods that Japan will contern Since models In the special class for jet air-
are used any total of $3,000 miles will be
before the the sterling
in gúing und. 182 held unellinged. of Great Britain way, it might be baked-why not made to air
area this arrangements is clear. The ad-years-Unhed Press:: fores units of nine in craft, pilote
Itspif in not of Japanese
Important of these will be Some models, and countries.
On average, the - hixiustrials hold three records for altitude, have, very small
anufactured for speed on a closed circuit of therefore very small tunnels? Taking off from Manby on
not been admitted into Britain in 1954 will, it quotes are fil
dleation of the way the Chan-rails gained 14 centa útiles since the war. The Dominions
cut Bellish exports of
cellor's mind is boginjing" to nine cents and 05 stocks nine will also
cloth to these markets buy
turn it is a warning that cannot cents. from Japan more
be ignored how that; markets Sales for the week totalled though how much will not be by one-third. The loss en total
are fast approaching the budget 0,441,392 shares against 8,036,194 known until separate tride exports at İnst year's level
would be oric-eighth agreements have been negotiated.
Altogether
kilometres,
or about 753 miles All official records are An hour. quated in the netrit system, and conversions to British Imperial measures are not accepted as the enntirined speeds.
A curious feature of the list is to
world distance record set by piston-engined aeroplane stands
at about three times this dis- tance.
1,000 kilometres, and for rate of climb. The other records in this category are held by the United States.
dozen say, a
The answer lies in the fact that reduced scale produces com- plications in what is known as the Reynolds number or scale
In the category of platon- effect. engined machines, Germany re- So, if the alze, of a model is
*
of
at
A
of number
110
10 test the
Mr M but i
WILE
of cotton
טי
into
#
A and J. Lucas * 1,543,431,219 Reports
that a
a big buyer was unorthodox 331,000.79 bidding for Kemsley Newspaper he was head of Chescapeake & 310 B00430 shares icd to a sharp rise in Ohio, tried to get on the board 40121001 these issues which al 34/0 are of Central and be its chairmati vote of the present 3/3 nour
higher than
a week through a
management. They turned- hím United Press. ago.
down. He then declared · war Gilt-edged stock remalrictl Canadian Wheat Shipments Fall
2.1
as one of the college's five end. I sterling with which to do the total of about £78 mine's bushels compared with 168,100,- that there womz'be no more pur= | traded there were GOP lowers.
February 18 for the Azores and Ottawa, the Arles IV will cover about 14.000 miles before return ing to the college on March. 2.
amount
budget."This
goods that have textile exports to the Colonies Exchange Rates market factor. But up an in- gained two cents on the week;
pent
this
Business was done. In the
excisange market unofficial U.B. Collar (per 31) Di morning at the following rates sterilng note: (ber (21) Indonesian rupints, (per 100j 2210 Blam, Uçais, ner, 190) Indo-China piestén -Eper idõi 105
tains the speed record set before reduces, the scale, effect is in: NEW VOLCANO estimated the colonies will im- UNPREDICTABLE FACTORS Singe
war, Italy retains
arc
are less isoful
"
་་་,,
port
£44 million
has Been
more from
There are of course too many
size
son
| Malaya Complains
shares last week and the revent high of 9,884,565. shurur:in thiờ. week ended Jan, 20.--United Press
· US Cotton Pricel Expected To Rise New York," Fob. 14, strobten note of optamlen
this work
When the proportions record for altitude. All the are multiplied up to full size, other nine records In this the small
DISCOVERED Japan this year than they did unpredictable factors for one to state or should not be allowed
in 1953, of these additional be dogmatic about uie effect of to contract or that any urfincial About High Category are held by the United that the result, c.80 multiplice
Imports we know that 27,500,000 the new Anglo-Japhiese trade attempt should be made to States. Britain comes off best to the design.
Wollington, Feb. 16.
will be for internal consumption.
Lancashire's disti on arrangements
the In the point-to-point records. It would be possible in theory A submarin, volcano 20 mlies The total amount of such export trade There
Buf it is certain industryof. Në shidin, my judds. Duties On Tin records to compensate for the reduced long and 10 miles wide has been purchases will 10 such
be about 25
sent the Lanenthics Industry or confirmed, and of these thirty size of the model by using air discovered about 20 miles off million. 14 follows therefore An economist
store to be saverei
might
if at least the Trade Union vide Kunta Laitpur, Feb. 14 are held by Oreat Britin: compressed to a greater density, Hawkes Bay, North Island.
that some £68 million of Lancashire canhot Bustain it would be amenable to a plan for The Malayan "Thelustry has but when supersonic speed is approached.
level of output with a gradual reduction in the size, complained to the World Bank the mechanical Captain C. C. Lowry, of the Japanese goods will be imported
present into entrepot centres of Hong-protected
marksta
The British of the industry."
Missions now. visiting this Federn World airlines -carried more
passeligen tunnel.
Problems involves 100 greger Lachlan, which found the long and Singapore 60 - cotton textlik Industry. I fed But one cannot imagine a cotton trout the high export, fem
preferable to a than 60 milliDA
Thus, of total in-
targe ¡and:
agreeing to duties on in. ought to be contracted Hildrdd
Volcano, said: "It is on a very exp 1988, and Sir William
The present texport duty on director-general of the Inter Another reason why large large scat and similar to a land crease of £44 million in coloriial or at least mapted to meet
land imports from Japan, £30,000,000 new let of circumstances,
clear kundertaking
tin is, from 45 40 18 per omi and tunnels are necessary, is the volcano":
cont will be national Air - Transport Associa
Indeed there is no reason to Japanesebar, das Wild varies dccording to the problam of the tunnel walls Leading scientists, here wel- or over tion, dstimates a 10 per cent rise Ressurorienta can be made on comed the news and said it was rosold to other countrice bollove these are the fines stort take Kimilar atens. For if Lanca- value of the in ore In 1934.
* The figuré, that concerns. The which the British cośion' tride shire, almost likely to yield impor models
over-expanded, "lis a joint memorandum, the ortoni But; he warns, operators
is formation about; earlhquakey in British expor**500,000, of d
Bindaveler. How unionisl and beginnius ta the more 20. Yet, according to Me and the All Malayan Chine
counterpart aven Fedelsdom's Charnlyer, of Mines. not expect the same sticrease in completely span the tunnel walls revenue. Costs will keep balancements would be of little use volences o
but these uncorrected measure the PICIAD Subinacias altional Japanese oods that wil
Lườn M thu
„Dewi Anglon |: Mifing, Association „point":¡oul fin kas sitauia "generally précarionis,nts
«Zealand boy imported this
With your for
ments will thee her countries because the walls alter, the flow one a clotost of the dir near them
internal consumption in the
¿Nearlz:
1000
whose
Have their own
Soon to be opened at Coventry Below the speed
is how wind-fannel, in which tions can be
and-a-hal titles the speed or
winets
since they added vý
Corty
But, with higher speeds and fathoms
sound,” or “about 1,900 m.p.h. at bigger models the corrections and
become more and more uncertain
por
such
sounded sections of the cotton textile
The tempo,was set when top.
spokesmen, an notch Industry bounced that texille,
1. Prices Have
Mit rock bottoms, and tro for ah daglý President of the Asociation
· Merchants ¦ ¦öf Texillo
hözought?
Li