Queen Sees Port Kembla Steel Mill
THE CHINA MAIL, FRIDAY, MARCH 5, 1954,
'T'I ADE
Page: 0.
COMMERCE SECTION
The B.H.P. Steelworks visit gave the Queen and Duke of Edinburgh their first sight of a major Australian industrial plant at work. They на
several phases of steel manufacture including the tapping of a furnace.-Express Photo.
“Making Business Out Of Immorality
"False Eroticism" Of German
Films Blamed
For Growing Divorce Rate
Bonn, March 4.
The West German Families' Minister, Dr Franz Josef Wuermeling, alarmed by the steeply rising divorce rate, has launched a vigorous campaign against the laxity of marriage morals and the "generosity" of divorce judges.
Dr Wuermeling, who became Minister last autumn, is a devout Roman Catholic and the father of six children. His job, he says, is to protect the family, the basic unit of society, which, he believes, is threatened by the speed of modern life.
SHARES ADVANCE ON HONGKONG
MARKET
Helps
Budget
Sentiment;
}
Loan Proposal
By A Special Correspondent
A wide range of shares made good advances on the Hongkong Stock Exchange this week. Sentiment yesterday was undoubtedly helped by the healthy state of the Colony's-finances revealed by the Financial Secretary in his budget presented to the Legislative Council.
Yesterday's price rises could have been better but then it was rather taken for granted that there would be no tax increases.
There were a number of good features this week- perhaps the most surprising was the rise in Hotels up about $1.10 cents on the week to $9.85, its highest poini since 1950. There seem to be a number of rumours going around that Hotels are intending to sell sites in Repulse Bay, but as far as the company is concerned the rumours are completely unfounded.
It is news to us if we are in evidence in trading earlier in going to sell any slics," a com- the week but this only affected panty spuitesman told me yester-song Jasues,
Ford's Output Britain Seeks Share
Increases
Detroit, Mar. 4. Ford bushed snide ChiV- rolet as the top suto pro- ducer during the frst two months of this year,, Auto- motive News saith today,
The rest of the line up of big producers was shaken
with Buick
third
up
$
place behind Chevrolet. followed by Ponisic and then Plymouth. Plymouth
tradius has been
third
Ford
PILCE.
in
produced more cars daring January and Febru- ary but Chevrolet turned out more trucks. But with demand down, the “No, 1′′ car position for 1984 will be determined by the abili- ly to sell, not to produce.-- United Press.
NEW YORK
STOCK
MARKET
Of Burma's
Development Orders
London, Mar. 4. Competition from German and Japanese firms is expected by a British delegation of six, which is going to Burma this month to discuss plans for long-term development of the country's resources.
The British delegation is composed of prominent industrialists and is visiting Burma by agreement with the Burmese Government, It will spend two weeks in the country finding out how British industry can best contribute to the development of Burmese resources.
Mr G. P. Brownic of the Federation of British Industries will be adviser to the delega- tion. He said today that Burma has about £100,000,000 to spend. in development.
"We are going to see if we con get Burira to spend the money in the United Kingdom," he said.
"I shall take as mais! notes as I enn white I em to circulate to British firms on return. They will then be to sond out their re-
able
Tory MP Wants Revision
Of GATT Rules
London, Mar. 3. presentatives if they think they
The government will be asked at Conservative Party can supply any of Burma's ference this month to seek re-
Arms,
con-
New York, Mar. 4. Railroad stocks nasumed day. Searching for some other Allied Investors came on the market leadership today, influence brokers recalled that market on Monday. There was sparking the general list in this year under the terms of the certainly nu buying cution arise which lifted prices to
the Syndicate which there for in the last four days the best levels in a year. Agreement took over the lease of Hongkong something like 227,000 shares Hotel will be paying double the changed hands, the majority at Demand for stocks appeared needs.
vision of the rule of GATT -- rental it paid last year-$20,000 20 cents over par.
around mid-session when yes- "AL the moment, foreign the General Agreement on ♪ month Instavid
$10,000 a On the subject of Allied Interday' lote sell-off failed to ms, and especially the Ger- Tariffs and Trade which pre- month, But as this was all vestments, I think the com- Attract any substantia! liquida-
mans and Japanese, are there vents any extension of The revealed by [ Company An-
pany's announcement that "the lon.
in force, and getting a lot of system of imperial preferences nouncement when the deal was public issue was oversubscribed
business. The spurt
the British Commonwealth concluded it conerad
be some Ch hardly
four times
might be laggard ralie
"We hope the British delega- and Empire. marked the first tion will be able to get busines regarded as operative in- misleading to those who did not Buence.
Lun
and spread to which might In trend realise that the "public issue"
otherwise go to Under
Imperial other groups. Oils moderate by this
and air- this case was not the 1,249,003
arrangements BOINC foreign firms." indus- in the cturing the week,
crafts featured Business shares mentioned earlier in their
AMBITIOUS PROGRAMME wealth countries allow tariff con- trials, amounted to $1.205.842
statement. The public sue"
The Burmese Government had cessions in their trade with each Monday. $1,300,865 on Tuesday, amounted to 599,993 shores the
ambitious programme of other, and $1,175,479, on Wednesday, other 850,000 having been taken
Velopment
planned to There was some buying caution up beforehand.
Turnover
art1
was
נוג!
He has called for a drastic reform of the law so as to make divorce more difficult to obtain. He has sharply criticised modern film pro- ducers for what he described as "false eroticism," giving young people Mercantile Bank p $3 to $70, Providents old up People's Cus. a wrong impression of the meaning and tasks of marriage.
Only Death Disturbs This Lonely Vigil
Singapore, Mar, 4.
At seven o'clock each evening through the danger areas of Malaya the barbed-wire gates of the enclosed villages swing shut and another night of war begins.
Behind the double fences of the villages patrols check defences. These men with their shotguns and old-model rifles
are
the village defenders, and like the men of Britain who stood by in 1940, they wear armbands inscribed "home guard."
the
ון
The annual divorce rate sonred from 25 per 109,000 of population in all Germany 1014 to 80 in 1030 und to 105 in West Germany in 1952 and record 1953. THE
yenr was
1948 with 187.
More than 480,000 ended in divorce Germany (population 48,000,000) between 1940
1052.
Hiller's
marringes
West about
and
have
were
in-
Many mariages could been saved if divorce judges had not interpreted the law loo generously, Dr Wuermeling be- He and his advisers are particularly
crilical
two o! clauses in West German divorce legislation which date back to Third Reich. Only minor modifications. troduced by the allies after the
These clauses
accounted for than 80 per cent of the more Malaya's home guard
excuses A. O. Rob- legal
for aganisation, Colonel is
postwar 200,000-strung.
force
Inson said: "There is
the Ministry claims, no quer divorces,
permitted divorce in elvilions and all unpaid. They tion that if a bandit did ven- represent a major achievement
to attack ture
a village con cases where one of the two of the wor against the terror-taining good home guard marriage partners was guilty of Isis for these simple villagers unit, he would be, to quote the adultery or where the partners
Duke are now ready to protect their
fived of Wellington, damn-had
in separation for three years or more. homes and drive off bandits ably mauled."
"The effect
WOS The Kinta Valley home guard
that who previously terrorised them into handing over food.
all
ןנת
many
In Malaya has been involved marriages were broken "against
in
the
In some villages the home
with guards stand watch police as valued reinforce- ments, but in 72 of the "new villages" -
centres regrouped put behind wire for protection frottn terrorists-the villagers proudly guard themselves.
The defence of a village
10
be handed over to the local home guard is considered to be
an honour today. It is usually
and many times
tion
a number of engagements the will and on the back of an and has earned itself a reputa-Innocent partner." The Innocent is an aggressive fighting partner was punished for the unit among British and Malay guilt of the other. The gullty troops and the local police.
partner simply walked away to Colonel Robinson summed up marry the other person."
the work of the home guard us
"achievements,
spectacular."
but
Static Points
seldom
Severely Criticised
More than 80,000 children of broken marriages aro vagabonds "It is not many months ago in West Germany today. made an occasion for ceremony since the bandits were operat-
Dr Wuermeling the handing-ing in large parties,"
said the Colent!
rate was so strikingly over has been performed by Robinson said. "The imposition divorce
socialist-ruled the British High Commissioner, of food control and the resis different in the
(between General Sir Gerald Templer. tance of the home guards, dis-states of Germany
The Arst requirement" of a
persed over a wide area, have 173 and 344 per 100,000 of the home guard la that he has to been among the factors that population in 1931) from that Christian be a good shot. After that his have broken thom up. *
in states ruled by training is rudimentary. One "The static points of home
purtles
(between 83 and 110) of the most important things guard resistance. Tiberally dis- that it would be "interesting to
ho learn is to
alarm.
answer
In the guarded villages only the which titey foray less fre
a few men stay awake through the night to give warning of an attack. The rest of the forces is asleep at home, although at all leh ready times weapons are for use.
i
small numbers.
in
comparatively
on
an posed over the map, have aided fused to swear
find out how many Judges "re
the religious the accurity forces in driving
deep into the jungle oath when they took office.” from quently and
In other words, "How many vely | Judges base their work
divine mimion and regard "In 1983 the score-board re- not only as a state duty?" veals that Alro home guards Dr Wuermeling was severely
460 shooting affrays with criticised for this remark. handits Rugged Hedgehog
and killed 33. Some Dr Wuermeling's tilt at Alms Should the alarm sound, the home guards were killed by has also aroused the anger
bandita. This b noteworthy, producers, first duty of the home guard is particularly as some critics say
"Unfortunately our to pick up all his equipment
that the home guard is not re-bear a great dha, run to his correct action sisting bandits when they come sponsibility for the destruction part of the rem flation, Laconie home guara
to demand
weapons, food, instructions also say: "He must
marriages many
and be prepared to engage any medicine or information. He Is
They picture adultery resisting and paying, the price.” ***
And to tonight, and every something typical of marriage. night until the long war ends, and rude, disrespect for the | They describe it not is à serious The home, giards are not sup 30,000 home guards will sand peted to follow up a band of watch to protect their hotters personality ong other partner
bandits he might meet on the
errorists, after an engagement and villagesFor many, this when we the job of the regular city will mean deal China The troops or police. Their tale in Mali Special.
to provide rugged" hiddgehog | Hel
of defence to
Mattheir vil➡
"What's Har Dne 2* Salute
enstelberé
of our nine door
Dividend
in the
recently-
and Institute
and
preference Common-
When the Central Council of a number of new factories, the Conservative Party meets
hydro-electric
conference on Firms in the United for a two-day schemes,
Russell, Kingdom would be informed of March 18, Mr Ronald these projects when the delega- move this resolution on behalf
member of Parliament,
will
The rise carried industrials up on 45 cents to new high since Oct. 20, 1829, rails up 84 cents—an | Bul SOME ADVANCES
even wider,percentage gain-- Some of the advances made were at their best in two weeks. this week were: Banks, up Utilities alone dipped, reflecting $65 to $1,040, Kowloon Wharves largely 1 point lom 40 cents to $13.90
.90 (wound Its
Of 1,151 issues traded, 468 peak level), Lands up $1.50 to wore hinger, only 396 lower ena $70
Humphreys 20 The Board of Directors of
Cont
there were 59 now highs set, Mercantile Bank of India to $16, Reallles up a few cents, compared with four new lows. The delgation would The
to $2.20 Trams up 20 cents to Ltd., have recommended pay $28.80, L
Volume Whe light on the Lights old.u
d.up 10 cents to downside; ment of a Final Dividend of 70%
picked
later. up news" up
30 $13,70 and
cents Turnover less Income Tax making 14%
totalled 1,830,000 to
around (also $12,50 in all for the year 1953,
Des shares compared with 2,240,000 of the British levels), Electrics
up 70 cents
yesterday-the year's heaviest to $324
level (peak
and) and volume. obviously helped by last week's
Curtiss-Wright again was the increased dividend) Dairy Forms
ermanetive lender, rising point to $27.40 and $996. 30 cents up 30 Textiles up 15 conts to $7.09. Southern Pacific featured the
the budget: there seems lu
Today's Share Prices
(From Our Correspondent)
BANKA
HK Bank Xp East Agla INSURANCES
1630 20 at 1015
107
835
SHIPPING
Unkon
On
to
A. G. Clarke's hint that income on the day's second best turn.
Cover. tax might have to be increased
Mr
Thia
Conservative
tion returned.
"We hope this will open the of the Wembley door for
Party: frnis," British
Council
Pearce said.
urges the government to follow be led the lead given recently by Mr ly Lord Burghley, a Director of R. G. Menzies (Prime Minis- British Oversea Airways Corter of Australia) and to
He is also Chairman revision not only of the poration.
Olympic Comi- | new
new preference rule of mittec, and President
of the but
the most or International Amateur Athletic nation' obligation as well, even Federation.
without the full support of all Burma in the self-governing countries of £19,080,000. the Commonwealth."
British exports to 1053 were worth They conflated
trical goods.
most
Beck
'no
favoured
si vehicles,
Under the machinery, cotton piece goods, clause special treatment by one
and rice. be quite a lot of high feeling in rail for the second session in metal manufactures
to another country
must be Ice House Street about the lion. w, rising 1% points to $43%
accorded to other signatories of The delegation leaves Britain GATT-China Mall Special. on March 14 and returns from 25.--China of its Annace the news
quarter billion Mail Special. development pro dellar 100-year loan, slipped. Th point as the Company's
at some time In the not too Chrysler, recent feature on Burma 00 Maretu
to
Market
Business
the Stock Ex-distani future on change this morning amounted | Colony's to $003,041. Noon quotations |gramunt. and the morning's dealings:—
of brokers number
feel Desoto division announced pro- New York Cotton SHARKS BUYERS BÉLLERS BALES that there is no reason at alt duction cutbacks.
development should be The NY Stock Exchange bond why
and that volume was $3,332,000. financed by revenue Instead of increasing taxation The Amerkan Stock Exchange the Government should raise volume was 060,000 shares.
Dow loans for the capital needed
Jones closing averages and loans not at 31⁄2 per cent were: but at or 8 per cent.
Past experience has shown. 250 13.90 200 13.30 not only in Hongkong but all
over the world," that short of 10 bonder 7.83 7.20 2300 @ 120 heavy Government or institution- 2000 2.90 al support Joan at such a low 1000 780 Interest rate is doomed before
500 7.90 it is launched.
DEFINITE NEED
Asa Nay, 1.18 1.20 DOCKS, ETC.
Unck
Provident (D)
(N)
S'hal Dock Wheelock
1.10
21.30
14 500
LAND, ETC.
HK Hotel XD 9,10 9.40 1K Land... 70% 7715
13.90
1500 g 7.90
800 7.90
MOO 7.90
0.20
30 industrialé
20 radia
15 titles 45 stocks
Comm. future price, Index',
291.43
New York, Mor, 4. Cotion futures trading today proved stow and Indécisive.
At the close prices ruted threo to three points 102.47 points higher 2414 lower. Opening prices were 111.75
unchanged to up 3 points, New 100.30
Orleans finished one point lower to three points higher,
176.61
United Press.
Prices showed minor changes on either side of the previous
Singapore Rubber close on most buyers and sellers
Market
New York Sugar Market
New York, Mar: 4. Word No. 4 sugar futures to- day closed unchanged to 2 points lower with sales of 120 trucks.
con-
Domestic No. 6 sugar futures closed unchanged to 4 polits higher with sales of 30% tracts.
con-
World futures drifted tower in company with the law market in quiet dealings,
Dealers thought any further advance awaited new Incentives.
In the spot market Trading volumes and open in would bring a boost in refined
in the Exchange | sugar pricës. Future closings terest today
werew were as follow
Brokers feel, however, there would be considerable support in the Colony for a loon at snore attractive rates and they point to the fact that there is
Singapore., Mar. 4.. stil much late
The market was steady, with Colony floating from investment fair buying by trade and some to investment in search of the factory interest. Prices closed Oct. Bhai Land .1.1211⁄2
18 500 + 18.30 best possible returns. Humphreys XD Realty
a feeling among ....2.17 250 500
UTILITIES
Tram
money in the
Month March May
July
Contract No. 4 (wor)dy.
May
3.200
October
3100-40.100
109,000 2,184,300balei
-United Prez, NEW YORK PRICES
New York. Mar. 4.
July
September
January (1183) March
July
8pot-teents per 1.
Contract No. |
Moy
Volume Open Intoreal
9,900
97,800
30,000
032,400
11.000
607,900
9,000
194,000
4000
1000 DA 200
3500 1000
1000 d 3.20
is that there is a definite need No. 1 rubber per ib. Mar. 6453-544 20 for some, substantial concern in
No. rubber per Ib. Mar. 831-54 20 which to place their money.
No. 1
43-52 This accounts for the recent No
$1-52 631-04%
01-03
Present slightly below the best level of thase investors, the day. Futuro closings;
Dec.
10,400
241,500
Mar.
0,000
7,803
May
1,100 2.000
July
Apt.
Total
May
fob Cuba)
"
Closing Price
May
Spot March May July October December March May.
July
24.30 34.41-42
September
November
23.81
$3.65-84
----United Press.
Č, Lago (0) 13.00 15.30 100 30.00 2008. In Hongkong and Shariglial Spot eubber unbated ...
29.20
100
and Hongkong Blanket crepe Bank, Unions 18.30 Landsail of which are yield No. 1 pala crepe, 1000 de 15.00 ing between five and six per
300 18.79
100 15.70 Cant. One cannot deny that In 100 as 18:30 |0ll "thesa' stócká
there. Is the
1500 412.10 possibility, or rather the prob- 10
000, 15.70 ability, of capital appreciation
NEW YORK MARKET
New York, Mar. 4...... Rubber futures today closed
points higher to 15 points Suly
C. Light (N) 12.00 12.70 500 of 170 nut balancků dominát that fusion lower with sales of 23 contracts.
Electric XD . 99%
Telephone
XD. INDUSTRIALS
Cement XD.
of ATONKS, FTC.
Dairy Alms
Walsen. X. Af
Textile "Corp
moit
28.20
The expiring March delivery fact that a Government loan is showed relative steadiness while
200 20.29 & gilt-cogod security and the later positions essed as destora
monum "kile
money
a very
Investors"
March
10.00
sook, aeiling orders predominated. 18.80 1000 14.00
સી. 500 1180 above
safe and No. 1 spot Ras were quoted at 1870 sound investment, with's con- | 18% centa a pound. · Frices: 2004. 1970 slant or near-constant return,
2200.03.18.70
19,23 This nood, brokers reel, could Judy 17.60 28.20°° 300`§ 28 be. · well satisfied by Develop- moet Lowes.
חונט
LONDON METAL PRICES
Spot cents per Ib.
elf N¥ ex-duty);
0.74-75 5.51
4.74
***United Press,
London Foreign
Exchange
New York
London, Mar. 4. Montreal buyers selletr Hambung 00736
10.08h
Tin, pot
Deo.
the unrestion that an overseas
There also seems to be good pport in Ice House Streat for
March
19.00 39.78
3-month ..*
LONDON MARKET A.
London, Mar, 4,
Copper, spot Land. March
moni
zine, March
June
Juna
loan should be noted to finance The rubber market was dulot
1000 mm, the extension of the Kal Tak with No. 1: Ras' spot quoted at
airport scheme instead of foot-18 8/10 pence per lb. Price: ing the bill out
culties, even of current and No. 1, pp. 1415-10
Bevilerpent, Bouas termas
3 Asin the feeling is that in-d4.pr
wakikuwa shotild › be made.
Winthe
"All prices
Copenhagen
Peris stockholm
Zürich
sterling per long forå NEW YORK FUTURES
Lead, March
April
| Tin.: March
||Kino, March
Copper.
sonte per
Loridos
Exchange Rates