VATICAN CITY
THE CHINA MAIL, THURSDAY, - MARCH 4, 1954.
TRADE
COMMERCE SECTION
Paro
Pam
ÉST,FETER BASILICA FROBELISK OF HERO'S CIRCUS EST.PETER'S SQUARE HOUSEUM OF ST.PETER KHOLY OFFICE SQUARE TIPALACE OF THE HOLY OFFICE
1.STIMMATRA SQUARZ I,RAILWAY STATION
*UATICAN RADIO 10.WALLS OF LED TY
II.SPORTSFIELD SWISS GUARDS 12. LOURDES GROTTO $3.2THIOPIC COLLEGE
14 CIVIL GOVERNOR'S PALACE IS FORMER OSSERVATORY 16.VATICAN GARDENS
11.ACADEMY OF SCIENCE IE,SISTINE CHAPEL 19.MUSEUM
20.PICTURE GALLERY 21.BELVEDERE COURTYARD 22.AT.PATRICH'S WELL 23.LUBRARY 14.GARAGE
25.EMPLOYEE'S LODGINGS 26.POWER STATION 27.PRINT ENOP 26.PAPAL PALACE 29.PONTIFICAL APARTMENT JD.SWISS GUARD BARRACKS 31.5T.DAMASO COURTYARD 32.SANTA ANHA CHURCH
Capital City Of The Minds
And Hearts
Of 428 Million People
Rome.
Twenty-five years after its establishment as the world's tiniest temporal state, the Vatican is today a focus of world attention.
This is not only because of the illness of Pope Pius XII and the A new Pope must be chosen in the Holy always present possibility that City by the cardinals of the Catholic Church. It is also because con- tinuing attacks by the Communists on the Church organisation make its headquarters seen more and more a symbol of resistance to the godless revolution.
It is as if the Vatican and the Kremlin-each an impressive collec- a great city-were rival tion of ancient buildings on a little plot in strongholds of the forces of God and of the godless. facing up to each other across some dark valley.
Be Pope of the Only 1887 seres in area- the i The Vabern state was Leak-; wien Peter,
Church, came size ut a scipli Amerivan m¦ Fished a Pet. 11, 1923, when Remo Catholse
Pope Pius XII, the western farm the Vatican has Premier Mussorim and thrdinat | to Xeme.
agreement cu rest Sapere Patill, is the a poumlution of about
signed Ba
2626d Pique since Peter. From its close cenßines the Pope carding the 60-yeur controvers administers the
vast organisa-between Rudy and the Valiena tion of the Church and austers over the Papal State..
1,000. | Gaspari i
to the spiritual welfare of moer
Roman Catholie
Sanitza
the
Once
Seat 40,000
GOLD RESERVES
RISE
UK Adds $40m.
To Dollar Pool In February
London, Mar, 2.
Britain's gold and dollar reservès rose by $40 million during February, the Treasury announced today. On February 28 they stood at $2,583 million, compared with their lowest level of $1,662 million in the middle of 1951.
Excluding the North American debt pay- ments on December 31 of each year, the reserves have been rising uninterruptedly since the autumn of 1952.
Last month's rise of $40 million was one of the largest in recent months. But it included $31 million of defence ald from the United States and $7 million from the European Payments Union in part settlement of the Storling area's January surplus with the Union,
Excluding the EPU area, the Sterling aren earned a Eurplus of only $2 million in January.
Provisionally, the Treasury
o Cunted that the Sterl ing arca had a surplus of £1,200,000 with the EPU in February.
This will be settled during March, half of it by the Union payiz dollars to Britain and the other half by reducing B- tale's debt to the Union. So Britain's receipt of dollars from
from the Union will foll
$7 million just month to $1,500,000 The month.
Higher Output
Of Food
Oils Forecast
London, Mar. 3. The world will again have plenty of vegetable oils for Du lng February th: Nether-food uses in 1954. the Com- lands Government made monwealth Economic Com- special paymeni of £2,300,000
Do the
Situation Is Precarious Says Gaitskell
London, Mar. 4.
In a debate yesterday in the House of Commons on the industrial diüstion In Beliain the former Labour Chancellor of the Exchequer, Mr Hugh Galt- skelt, said the situation sezarding balance of pay- ments WAS precarious, chlofly because of a revival of German and Japanese competition,
Mr Gaitskeli said stable prices and Industrial peace were not to be had fr' laisses faire society. ----France-Presse,
HONGKONG STOCK EXCHANGE
(From Our Correspondent!
Doubt About C'wealth Section
At Next Year's BIF
London.
No plans have yet been made for the Common- wealth Section of the British Industries Fair after this year, a Board of Trade official said today. For from next year, responsibility for arranging the Fair will pass from the British Civil Service to a company, known as British Industries Fair Limited, under the chairmanship of Sir Arthur Smout, a former director of Imperial Chemical Industries,
"Unul the trustees of the company net to discuss their plana we have no means of knowing what form the Com- mwealth Section will take al future Fairs even if it will be included," the offelal said.
"But there is no suppese
*Cazon
That the Common- wealth will not be represented, In stone term or mather, after this year."
A
A Commonwealth Section was to referred to during the recent debate on the British Industries
Fair 11441 in the House of Commi
NEW YORK
STOCK MARKET
New York, Mar, 3. Stucks lost ground today for the first time in live
Turnover for the session was
It gives effect to the Goodale sessions 113 profit-taking Committee's recommendatioun.ught prices down from Business on the Stock Ex- that limited company should change this morning smounted to $941,101.80. Noon quotations and the morning's dealings--
SHARES BUYERS KELLERS BALES
BANKR
HK Dank XD 1839 1643 10. 1630 110 1840 Kurst Asia INSURANCES
Lombard Liner Underwriters SHIPPING
Asla Nav...
DOCKS ETC.
1001
833
$... 55
20 940
6.70 740
In
anticipatory redemption post-war dshi which the Netherlands Government not bound to repay until years from now.
of
A
British Government, mittee predicted here today.
Preliminary details
1 15
K. Whart
71 Dock Provident (0) 1302
2130
was
same
for 1954 show that a very high level of production will again be reached, and stocks the United States are normally large, the Commit. tee said..
14 500 122
1200 130n 2000 19
1000 * 130O
1000
13.00
500
Provident (N) 13 20
230
13 29
in
S'hai Dock Wheelock
1.10 190 7.03 1200 đ±
7.90
ab-
1000
1000 3.
703
LAND, ETC
to
TTALIAN DEBT
Without this special receipt, The Februngy surplas with the EPU would have been a de sent £1,100,000.
Forecasts Tor Acid crepi 1953-54 indicate increases in groundnut and cottonseed, bu! On the other hand, herself
a smaller productien or suy- about Emport of debt to laly through beans and rapeseed. the EPU every month. Exclud-
10-Days
arcu's
Britain thirt
The
artist' in these debt payments secompanying
from Actually, the State of Vatican! than 428 million members o
The Netherlands
to Italy, last vesture of the keton is an air view of Vallean The
ancy is the corner
Its centre is the cupola Papat
the Sterling Slates tha!! City. vast
position. every
mid-Italy
Peter's Cathedral. the Deross
jot Su
with the EPU in February was Normally, 42 nations maintain, extended
about all These states had world's largest church, the first diplomaile representatives there Pentury ago.
aquare, spotted by air Although traditionally neutral arch of 17 thousand square, object usully in politicni affairs, the Pope has miles and a population during and automobile travellers on the the the 18th eratury of about three skyways and reads that lead to not, hesitated to weight of the Church into the million,
Can-
throw
Ital struggle again!
But the history of the Vatican niem in Italy, ne to exce:n-
that, Lik las beyond Catholics in: | goes municate certain
history of oudern Czechoslovaken and beyond the
tal, back to the Roman Enna Hungary on the ine euise.
Poland.
New Centre
Europe's New
For Atomic Research
The newly established European Council for Nuclear Research, called C.E.R.N., is now settling down in Geneva as the youngest of the interna- tional organisations. It grew out of an urgent need.
best
one
Home.
Forty thousand persons have been
St Peter's, scated ipa which with its vast colonnades Ded square dominates the whole Letate, Beside 11 is the 1,000-
room Papal Palace,
Thick walls surround Vatican City except at the entrance to St Peter's Square,
A visitor could
walk
the
length of this suvereign state,
smaller 1
#1 many course, in about eight minutes
but he could not view all its treasures of art and learning if he took a lifetime.
Pope Pius XII announced af
the end of the 1950 Holy Year
that excavations in the Vatican aruttos proved that the tomb of St. Peter, Prines of ibe Apastics, in in the groturs, directly under the basillet's cupola. ·
13.00
IIK Hotel. R.#Q p.83 1000 or สลด
The olls dealt with included UTILITIES
1000 r 0% Hi!! r e
1000044
14
200 0.40
the heaviest of the year, with greatest volume coming from the inid-ssion as industriala moved to a new 25-year average high utilities to their best inco Leol. 3, 1931.
Velume accepted
2.340,000
silly for raying the Fair. be set up to take over respon-carly highs. though with pertala Govern- meni Anancial support for the next five years.
The Minister of State at the Board of Trade. Mr Healcoat-
rald the Amery.
main reason why the Government this recommendation Wag the consideration ot money, but because it believed Oil shares, Westinghouse that the changes
proposed would lead to better fairs and
пос
saving
inject new life into the London section.
More Japanese
Exports
For Australia
Canberra, Mar. 3.
velume totalled Phares, compared with 1,980,000
inres yesterday.
Elcetrie, Southern Pacide Rail- road, and Curtis-Wright Were the main feature of the market.
Westinghouse, benefilling kom rumours of a stock split in the ofting, ran up 2% points to $0314 in the day's second best turn- ever. Curus-Wright, helped by a good earning report, was most active issue, and up at $0.
Olt shares had gains running to 2% points in Texas Pacine Land Trust at $125.
Prices for most issues closet
of below the day's highs, but 1,170 issues traded
477 closed
the upside, against 403 on on the downside.
Stock Ex-
It was authoritatively learned |today that Japon will be per-
'The NY Stock Exchango lo export 15 per cent bond volume was $3,852,000. witled
more goods to
Austraha piler The American April 1 as a result of a new change or Audiralini Import shares. 2.20 2000 102.11, casing
1000w 220 restrictions.
The
1000 2.17%
HK Land
7017
ง
200 a 7035
SON TAL
000 70
The forecasts for 1954 contained in a report on world production, trade and consump- tion of vegetable oils and seeds published today.
300 70
are
S'hat Land Bunphreyn
XD Realty
100 70
1.10
19
2.17
*Tram
XD
Star Perry
30.00
131
ATH $33
C. Ugni "(b) 10.00
1000 10.70
C. ht IN) 12.09
Electric.... 3244
Telephung
XD
In January the Sterling area's surplus of £4,700,000 with the those used for manufacturing EPU was struck after a much margurine and compound cook- larger advance repayment ofing fats.
21
* THREE PER CENT LESS
this same post-war debt from Government, the Netherlands
£12,000,000. mounted 10
World output of vegetable Without it. the Sterling area oils in 1953
was estimated to would have had n deficit of hava been three pé: cent less nearly £8 million with the then the record total of the EPU in January.-Router.
previous year. but slightly INDUSTRIALS
Formosa Becomes
Second Biggest Sugar Producer
greater than in 1951 and nearly one-fifth more than before the war.
Assuming an increase
of 10
to 18 por cent in watid produc- lion was about
before the war,
the but availabili-
same
and strategic
reserves
fles were larger because tradio Elocks were higher.
Taipei. Mar. 2.
The Commonwealth account- Formosa has jumped to second place in the list of the world's ed for 23 per cent of world oil producers of
sugar, f trade and oilseed production in 1952- 22 per cent 53, compared with journal announced here today.
Exporting almost 1,000,000 in 1951-52, and 33 per cent be- metric tone last year, Formosa fore the war.-Reuler. climbed to second place behind Cuba. More, then half of the
those Builden For years American research, with centros had down eff many of changes in public opinion, op- Europe's
Mostly come in positon arose, scientists verjous fiol2s; 130 European from the Left, where it wOwn Money, Stamps sugar exported in 1958 was in
nuclear research could hope to equip | mileged that itself scientifically up to Ameri- would mean military research,
ecuntry
exn
standard.
Nowhere
was with
this more dianstrous
nuclear research.
neutral the carofully than in Geneva as an arsenal for atomic,
bembs.
לנט
raw form.
Another 300,000 tons of superior while crystal sugar was also sent abroad. It was calmed that Feimos had not sold any her surplus sugar nor had sho
New York Cotton
Market
sold next year's crop In ad- Cotton futures fluctuated
Vonce.
New York, Mar. 3.
narrowly in quiet dealings lo Japan was listed as the leading day, but maintained an overtone buyer of Formosan sugar. of stoodiness most of the time. British buyers were second with Operations were given mainly Malayan markets taking the to adjustments between the old third spot. Sugar, loading in-lans new crop deliveries, plus dustry here, is the lifeblood of scattered liquidation in the c- the island-United Press,
piring Mar
March delivery. New speculative interest turn ed to the grain, stock and other Other markets. commodity traders drifted the sidelines
to pending Washington develop ments on the farm price support legislation,
The Pope's palace is in front the right of the of and
Bernini's basilico, just beyond famous colonnade. The Pope's
Is apartment
ni the 1st that private But persuaded At the 1950 General Con- ference of Unesca in Fiorence, this term of research was wholly third floor. His study window, nonsecrei. frequently lighted late at night a resolution proposed by the unmilltary and
his long hours American Belogation
was Geneva, oldest home of inter- us he continues
and of the adopted, instructing the Director-national organisations, took the of work, is at the
lino indicating the papni apari- General of Unesco "to assist and youngest one in.
ment. the foundation and encourage
As yet C.E.R.N. makes a organisation of regional research
show. There
The State of Vatican City has centres and laboratories...to in-modest enough crosse and
are 20 scientists of all nationali-its own civil administration, 1 fruitful the make
and its own money "ofiles,
with international
"administrative prnts collaboration af
LONDON METAL scientists in the search for new nucleus" consisting of a Dutch stemps.
British civil knowledge in fields where the purchasing ngont,
Police duties are carried out
PRICES effort of any one country in the servant lent for six months and by the Pontifical Armed Corps,
A director has region is insufelent for the a Swiss lawyer,
which comprises the Ncbic task."
stili to be chosen.' But in 'seven
London, Mar. 3. years the organisation will be Guards, the Swiss Guards, the Falatine Guards of Honour and
market The tin
was barely No place was mentioned, and 300 streng.
the Pentifical Gendarmerie, steady while copper was. Armor, no special type of research
zine boundaries
and lead were steady. British representatives on the Although outside the But it soon became speciflet
thirteen buildings Prices closed today in the after- clear that the project was to be Gounell are Sir John Cockcroft, of the state,
director of the Atomic Energy in Rome enjoy extra-territorial noon session as foliowa in starling European and one of funda- mental research concerning the Research Establishment at Her rights. These include buildings congregationis or wall, and Sir Ben Lockspeiser, housing structure of matter.
accretary of the Department of officers necessary for administra
Industrial tion of the Holy Sed February, 1952,,
and BOW the Scientie constitution of a
inter-Research. new
Pope Plus XI The late governmental organisation cum-
one of the niodorniced life and facilities in Jaymen bersamely named the "Council
most interesting things about Vatican City by full use
To the
the
per long tons-
500 4 10.70 500 15.70 1530 12.60
500 12.00 1590 x 32
2003
These
was 550,00U
volume
Dow Jones
closing averages
dustriala
217.03
20 re
101.43
15 utilitios
$4.81
1
stocks
11243
40 bonds
100 57
176.29
general relaxation of were: restrictions will permit additional imports Into Aus- trata valued at about 25 million Australian
pounds. of this amount
gel Japan would store of about 2 millions,
was learned
was not
that Japan's
bigger because
Imports from Jupan were
share
C0032
252 x 27.00
Judged on their merils.
A maximum figure has been
Cement XD 19.00 ID BO 200 te. set for the amount of toxilles STORES, ETC.
Japan can bring Into Australia. Dairy
27.40 Watson X'A 1800
-United Press,
*
COTTONS
150
400 185 10331
الحرة
100 F 7,35 199 7.401 *4131.40
Textile Corp. 7.00 7.00 1000
7.00
Comm. future priec
index
-United Press.
CHICAGO GRAIN
Nearby
MARKET
Chicago, Mar, 3. soybeans
cantracts
were strong and at new scusonal highs on the board of trade to
remainder of the futures were mostly steady,
Singapore Rubber day. The
Market
Singapore, Mar, 3.
The market was slendier on some factory enquiry and shart Turnover
1000 70,
3000 7,00
7,00
1500
7.90
1000
730 covering.
was
Yanktaze
0.00
1000
$95
Taumati
140 141
IDO
140
Future closings were:--
100 140
Allied Invest
4.20
MISCELLANEOUS
421 600 4.20
1000 (422 2000 4.241. 20004.231 22000 4.221. 750 or 4.020A
1000 4.23
1500 +4.2355
5000 4.221;
with sellers reserved.
The beùn market was on the advance from the opening on setive buying and short enver.
new ing. However, the
crop contracts showed an inclination. lag on expectations that 1054 production will be increased
current prices
fair
to
No. 1 rubber per b. Mar. 03/L-54
Apr. 54-1/7-513 May 5414-542L No. 2 rubber per is. Mar. 1333. Hu. 3
6242-594 No. 4
"
3
H 4125-52
Spol rubber unlated.... Blanket crepe ...
No. 1 pale crepe.
infomed
arc
tight supply situation eng with small tenders against And the open Murch contract
and meal strength in can markets pushed old crop beans to the new highs for the season and highest since 1948.
The remainder of the grains wore rather qulet although wheat prices spurted upward carly. The bread cercal was up Short covering in the March as much as a cent a bushel with
NEW YORK MARKET
New York, Mar, 3. Rubber futures today citised
15 to 30 points higher with
sales of 51 contracts.
New York Sugar delivery, plus buying credited to exporters and flour mills cover.
Market
foreign account In July, and higher London cables, were the pricipal price-shaping factors, denlers unid...
New York, Mar, 3.
In the spot market No. 1 Ras World No. 4 sugor futures were quoted at 10% ·cants a ipday closed two points lower pound. Future closings were: to two points higher with sales March
10,755 of 121 contracts,
30.73-00 10.70
March
10006
10.700
10.73b
ing.
CHICAGO PRICES
Chicago, Mar. 1. Prices per buitiel in cente:
Whent. No. 2, rad
farch 224111) 22214(L)".
July
Spot
Cicilng Prices
Spot
May
Beptember
Decomber
Corn, No. 1, yellow
Mate
May
July
September
Baybrani, No. 1, yellow
気が
Sasich
May
July
September
November
asek
Маз July Domestic No. 6 sugar futures | Bept. closed one to six points higher Res with males of 981 contraeis.
LONDON MARKET World
futures
worked
London, Mar. 3. irregularly lower in line with
The rubber market was steady the lower trend. in raws. *** with No. 1 Rss spot quoted at December
Domestic futures were active 16-3/10 pence per b Prices: and higher
10%-10% with the raw No. 1ft spot.... Open Volume
· Settlement house term: Interest harkat as commission
101,100 buying orders predominated.,
Future closings were:-
Trading volumes and open interesis were today. In the Exchange as follows:-
Contract No. 4 (world).
-montli
Tin spot 00751 buyers
黎
600
March alior July
6,900
MAY
Oct.
40.000
128.000
10,000
000.100
0900
103,805
Copper
Deo
230,700
spat
$1,000
25-manth | gq81 -
Mat.
92.100
Lend
May
May...
March
July
38.000
July
Toll
117,800
177,003
bales
of
Marci 71% June
Jomuary (1955)
NEW YORK PRICES
-United Pross.
May
NEW YORK FÜTURES =\\.
New-York, Margi
of Representatives of Europastan
an Inter- the formation of C.E.R.N. is that radios, automobiles and other States for planning
its rates of pay are well below modern corpul Vatican radio there of the informational or- The powerful
big
f.cral Laboratory and br- guhlaing other forms of co- operation in nuclear research," It con took instead the bandier lon" of scientists moving he tip of the sketch just inside the Land
A Boating pocula station, shown of the exrome
tween C. E. R. N.. Mod the upper wall, carrids, the Vatican's Min came of "European Council for universities, is aimed at, and yofco to all the world. The Nuclear Research ar from the
NA CERN. hopes has to attract Pope's 1083 Chrisimas, mosoge, French initials, C.R.N.!!!
salontife craftmen to whom for example, was broadcast, ift. Genova thad at first offer? ¿good oquipment, można znoje 20 languages during d'Eda hème to the new laboratory; but, than a good wage.
period AP Newsfeature..
Beptember
October:
·March·
KolyFaz
puba) ·
Máy
·July
«Stûtember November
house
June
July/Scpt.
April/June
Det Dec.
1012-1011
General market eif-bania, party: March:
·April
Mey
30-3/10)
United Press.
Exchange Rates
Dusiness was 'done', 'in the toe usomotal
· morning, at the following ratejim
· exchange
Sterling, note. (ope Indonesian rupiah (rei
D-Gisina, plasiras". (Vor · 190}]
100%
New York fasir, 200 lbs,
-Unlici Prees,
London Foreign Exchange
Now: York · Montroni
Mari
Lout