Orsova Undergoes Speed Trials
THE CHINA MAIL, TUESDAY, MARCH 16, 1954.
An aerial view of the new Orlent Liner "ORSOVA", 29,000 tons, taken during her speed trials over the Arran measured mile. She achieved a speed of 20.068 knots and will be the fastest ship in the England-Australia trade. When she enters the South Pacific Service early next year on the Sydnoy-San Francisco run, she will be the fastest ship in that area also. Note her new style funnel, which will capture the hearts of Welshmen - for
bonnet went to rea-this la It-Central Press,
ever
true Welsh
Spain Could Provide
For
600
Airfields
Western Defence
Madrid, March 15..
There is a growing feeling in Spain that the Iberian peninsula is going to play an increasingly important part in Westem defence plans.
The potentialities of the contribution have been summed up in this form by the Spanish weekly journal "El Espanol": "Spain could, in case of emergency, find room for 600 airfields for Western defence.
TRADE
and
"Discrimination Against US Dollar Essential”
By PATRICK CORDON WALKER (Secretary of State for Commonwealth Relations 1950-51) The grim possibility of a United States slump highlights a danger that will threaten the
for years to Commonwealth's unity Whether the slump deepens or flies forgotten as a had dream, there remain the harsh economic realities that will for long make even a slight United States recession so alarming.
come.
The simple fact is that, as far ahead as we can see, there will be a world dollar problem.
Before sterling and dollar can be freely inter- changeable, it is essential that the sterling area should be able, year in and year out, to earn enough dollars to pay for all its imports from the United States and Canada. At the same time it must be able to build its gold and dollar reserves to a safe level—four or five times what they now are, And we are a very long way from that.
the same time, Canada would have a new incentive to buy from sterling countries be cause that would be the only
economic facts of acquired for its exports.
This
COMMERCE SECTION
German Mayor Wants More Trade With China
Hamburg. Mar. 15.
One of West Germany's teading "moderate" sock. alists, the Bremen Lord MAYOT Wilhelm Kaizen, called tonight for tho renewal of Germany's commercial ties with Red Chins.
"We realise is.wolt an the other Western peoples the danger of Bolshevism In China," Kaiser stated at a dinner of the Easi- Asian Society of Hamburg and Bremen.
Standard & Rover Discuss
Merger Proposal
The Standard and Rover car firms have held preliminary talks about a merger of the two com- panies, according to a London report received in Hongkong today.
of
For Overni months thers have boon reports
cor makers merging.
But only two months Ago managing director.
Standard's experience of
the
**But να also know from the
that Basi Germany, more Soviet-dominated aren is shut off from the Western world, the greater the growth of Soviet power in the area.
The more intensive the contact with the Western world, the lem is the dan- ser of a completo absorp-
the
Communist stan in bloc," Kalsen said.--United
Press
Mr A. S. Dick, said there was
rumours of no truth in
遁
merger, and that the company was to remain Independent,
If the deal goes through S holding company may be form- cd, which would pay 6s, dd. a share for Standard's 20,010,000 Ga. ordinary Muck units
234.
and
shore for Rover's 2,900,433 U
shares. odrinary Thus the deal would Involve about £11,000,000.
The managing director of The Rover Molor Company. Mr
America Might
Reconsider
Selling Butter
To Russia
The
Washington, Mar. 15.
of US Secretary Agriculture, Mr Ezra Ben-
preas
con-
HONGKONG would continue to make their Department and the State
STOCK EXCHANGE
5. B. Wilks, said last night: "If so, said at n the two firms do merge Cach ference the Agriculture individual models-there is no Department are considering Euggestion of a joint car going
to plana
offer surplus into production at this slogu."
The Standard Motor Company United States farm was brought by the direction of modities on world markets Sir John Black from a position at competitive prices. of obscurity to membership of the Big Six in the Brillsh motor industry.
(From Our Correspondent)
Business done on the Stock Exchange this morning amount-800
600-A-DAY
It is now producing nearly
vehicles qvery
working
ed to $747,460.05. Noon quota-day: Ferguson tractors, the tions and the morning's Vanguard range (saloon, estate car, pick-up, and van), Stand-
Now It seems to me that of her exports for sterling Canadians tend to be much too instead of dúllars. hopeful About the cconomic The advantages would be im- prospects, and their optimism mense, immediate und mutual. has affected other Common- | We could at once buy much wealth Governments Including more of the things that we are weal the United Kingdom and Aus- donging to have from Canada tralia. Free trade between the and which Canadian producers dollar and sterling 10 - want to set us: wheat, butter, portant to Canada that it is upples, limber.
that apt to think
it can be relatively easily attained.
When Canadians deliver their lectures to the pollte curtain Sterling Commonwealth about way to use the sterling it had facing
the
dealings:- sterling could be spent anywhere life, 1, for one, largely agree st with them. It worries me that in the sterling arean machine SHARES BUYERS "HELLERS BALES and Elghis, Triumph Renowns. Australian wheat, for instance, tools from the United Kingdom, costs more than dollar wheat; it rubber from Malaya, goods from 23 kilo- de Ardoz,
United Australla and so forth. Under me that the worries metros (14 inlies) (rom Madrid.
Europe Kingdom is losing markets to the
Payments Union, Canada's the Germans. Here the Americans will lay
sterling could also be Apart from the pipe-ino,
out runways capable of allow But let me say to our friendly spent in Europe. other United States operations
A GODSEND critics that there's which are expected to material- ing 180-ton super-bombers the they
If the United another face to the coin. Unless June, in- 3,000 metres (10.000 ) ise around May et
get America makes it possible, we on require to permit them to
we became worse works clude 'development
with complete cannot,
be a Godsend. best will as this would with the four of Spain's civil and mill-off the ground
safely.
the world, earn enough
Stimulation of trade between tary air felds.
Canada the
and
sterling area help to keep Canadian Important Centre
going and Inject
power
"From these airfields some 36,000 bombers and other planes could operate from airfields which are mainly free from fog.
and
"Together with Portugal, the | Spain in whole Iberian area could house west. 750 airfields, if need be, allow 40,000 planes to operate from them."
United States plans
the Torrejon in air strategy"
Canadian to run
a petrol pipe-lue from Seville
304
to Madrid, a distance miles, 10 allow suppli of patroi 10
intu be pumped central Spain from the river. from port there, and possibly the sea-sort of Cadiz later, are seen as heralding a big role for
1154",
for centre The maits Air
the United Joint
which States is to expand, is that of
Nearing A Solution To
The Problem
Of Alaska's "Shirt-tail"
Alaska, Mar. 15.
Canada and the United States today appear
This
field lies Torrejon alongside Madrid's civil airport of Barajas which already hhs six sizable runways suitable for planes weighing up to 180
tons.
Used together in Lime ot War. the Torrejon Barajas combination would make on importout air centre.
up
Other airfolds
whleh the United States is to develop are at present Saragossa, which has one runway for planes to 00 tons, ÉI Copero, ve miles from Seville, and Moron de lu Fronten, 30 miles from Neither El Cepero nor have paved runways
as yet.
to be nearer than ever before to a friendly settle-Seville. ment of a long standing argument between the Frontera two nations concerning Alaska's south-eastern coastline.
This thin strip of terr- itory, attached to Alaska British capital ogala
ever
by Alaskan port of Skagway
focussed un ertain the Pan-
attention on the shirt tall, has boundaries between proper like u presented a problem to both handle and Canada. nations
since the United States took over the Northern territory from Russia in 1867.
Known as the
British
cutting
"Panhandle"
At last, in 1903, a joint com-
This means that, if the set srxdule is to be maintained. there will be by the middle of 1088 four big modern military air centres in Spain, avari from the up-to-date civil airports of Madrid, Barcelona and Seville.
Spain belleves that given the firm.
thr rocky surface of mission selli the geological great.
sprawling plateau location of the boundary. but Central Spain, and with
to presented no solution the petrol pice-line from Seville to economic problem.
Madrid funelloning, many fur- the air centres could quietly be Improvised and put into use the If war broko out or in event of a threatened wor.
Some Spanish observers gard Communist acilvity France and Italy and Mosiem unrest in Morocco thetors which makeo inevitable importance ever-increasing in the
Was
Residents of Alaska's Pan- It stretches along the coasts of
and handle continued to depend on Canada's Yukon territory
Columbia, effectively the fishing industry for a living of forest north western while development
nrd mineral resources Canada from the sea.
blocked in great part by lack receni proposal by of power. Canadians for "corridors" through "the Panhandle"
Similarly the development of has been greeted with enthusiasm Northern British Columbia and In Alnaka
had proused the Yukon territory was slow-the and
ed down by lack of hope that it may lead to a solution to this long standing facilities. problem.
In
The Aluminum
was
to
plant
for
of British Columbla, Yukon approval of the use of territory
and routh-eastern River water Alaska as a single economie i power.
This approval unit.
not forthcoming.
At present the situation is a deadlock.
north-eastern Carmada has tho On January 30;" power potential and a variety Butler suggested that of promising natural resources, but no way of reaching
port
defence of the West.
Not Happy
Randal Rep would
telis
The recent
us the best we
can
for. its proposals United States trade and making
for freeing herin
States slump measure such
Into
BANKS
HK Bank
Cart Agin INSURANCES
Lombard Union SUPTING
Asta Nov. DOCKS, ETC K Wharf
Dock
Providem 1014) Provident
0001
168
11000
1357%
1.15 1.20
78
100 # 6
21.20
400 21.30
59.70 13.00
(New)
the
S'hat Dock Wheelick
13.10 13.30
1.15
it easier for other countries to Canadian economy. It would export to America were cast in also help sterling countries to a very moderate form in the weather the worst effects of hope of waning Congress's op- US slump.
a step, however, depends proval.
But oven these moderate and wholly upon Canada. It is for have run her alone to decide one way or inadequate proposals
Congressional the other. into a menacing cross-Bre.
STUPIDLY OPTIMISTIC
It would be stupidly optimistic to take the Randall Report at its face value; but even if we do, what prospects does it hold oui for the sterling countries?
L The ending of United
3.
nid in the next year or
Very ittle prospect of an of customs and tariff
Such a
and Triumph sports cara.
re.
Sir John Black recently tired from the posts of chair- mun and managing director of the Standard Company,
after an accident in which severely injured.
he
was
The Rover Company, whoso
com-
Ho wald he might favour reconsiderations of a Commerce
ship
Department decision to refuse un export licence to n Minnesota exporter who wished to surplus Government owned butter to the Soviet bloc,
Such a transaction, he added, could only be made if it did not interfere with United States efforts in the cold war.
The United States Government now held nearly 7,000 million dollars' worth of form products under the polley of bought maintaining
for the prices American farmer.
Mr Benson said he favoured,
factory is at Solihull, Birming to the greatest extent possible, ham helped during the war in the use of normal trade channels
dispose
of
Britain's to
war one of
has been
100
commodity mir-
100 21.30 the development
first jet engines and has since pluses overseas,
"I don't produced the first turbocar.
why we can't home
our Since the
ite offer
Products the abroad mais activities
at competitive prices." he said. *But wo would not want to demoralise more prices and markets."
1.08 0.05 2000 @ 80 production of Land-Rovers __
A Stove To
1000 m
5000 0.03
1000
1000
3000 2.
LAND, ETC
HK Hotel XD 9.09 9.15 100 m 9.10
1000 on 9,00
1000
lo
1000
9.10
1500
9.10
1000
9.10
Fit A Chinese
HK Lind
X All
S'hai Land Humphrey's 18.30 19.69 Realty ..... 2.13 2.20 2000
581 591 200
600
Frying Pan
200
We
UTILITIFA
Tram XD ..39.00 Star Ferry
134
C. Light (0)
14 10.10 1000
UTD
Meanwhile, there is something that we in the sterling area could do to help-though by itself i would offer only a partial solution.
We ought forthwith to adopt a policy of deliberate preferenco for the Canadian dollar. must of course continue to car
сап
to
as many US dollars as we can. But where
choice there is the and in
drive for fresh dollar coring
markets, it should be Government policy barriers.
everywhere 3. No chance of commodity in the sterling area to encourage agreements to keep up the
exportors
aim for the prices
Canadian of sterling goods in
market. Experience order to balance the US
price.
icc shows that such encouragement which programme support
ba very effective in direct- artificially forces up the world
ting trade. prices of dollar commodities.
The Canadian market is much In the light of this all of us.
hai sofer than the US market før including the Conacions, of
Commonwealth exporters. Over better face up to the fact that
fa hanging ne Damocles to ba
a dollar it there's
going gap for a very long time. Even aword of sudden, unpredictable if the sterling countries had no and selfish changes in the tariff.
Although in
economic in strict economic faults at all, we st!!!
and a US wouldn't be able to earn all terms a Canadian
be-dollar are interchangeable, there dollars the
necd we
won't can be no doubt that, in fact, cause the Unite States
if we all earned more Canadian let us.
dollars, we would buy more Whether we want to or not, Canadian goods in exchange, merely in order to survive, we This would help to bridge the have no choice but to encourage
that is open- gulf ugly economic the exchange of sterling goods
between
Canada and the amongst ourselves in order to rest of the Commonwealth. This save dollars. Tho United King, gulf is the greatest contemporary dom must do its best to export danger to the Commonwealth. ather Commonwealth We must wake up to it before
and con- is too late.
N
In
the
to
to
feels
countries machinery sumer goods that otherwise prospect. dollars. this
Not everyone in Spain
about
the means
:
have to
they would
buy
for
the United New York Sugar
Market
buy
Now York, Mar. 16. World No. 4 sugar futuros to- day closed one point lower to 2 paints higher with sales of 32
contracts.
· ELS
ituation,ments In
Mr Benson hinted at his press conference he would advise President
Eisenhower to veto any bill Congress might pass
session during this
to extend high price supports
commodities.
on
He was
asked whether Eisenhower would veto
form
Mr con- tinuation of the present manda-
1ory high supports. Mr Benson replied that he could not predict the
President's actions, but he The Vice-chairman and knew Mr Eisenhower felt very joint Managing Director of strongly that the rigid hign sup- the British General Electric ports should be discarded
lavour of flexible and lower Leslie Mr 16.99 Company,
8888
16.90
4000 y 10. 1000 @ 16.
12.00
500 16.
4000 to.
2. Light (N,
43 13.20 458 300
13.30
The beginning
13.
100 @ 20.30 180 @
Electric XD aig (35 TK XD ...30
of it is that
in
Gamage, just back from fupports. He added that another
of high extension
supports Hongkong, has been telling would be a very serious sot- London a story of a Chinese back" when one considered the existing and prospective sur- frying pan.
pluses.
Meanwhile, President Elsen - electric cookers have never beenhower has named Mr Clarence Francis, chairman of the Board good sellers in the East.
While other overseas markets of General Foods Corporation, for them were brisk, no one one of the large food distribution special con- companies, as a gave much thought to this.
sultant to direct a continuing But as conditions got tougher study of butter and other sur- in other markets, GEC begon 16.70 300 18.70 looking for the reason why
plus farm commodities-China rts ... 7.60
Mail Special. The
Chinese The answer? COTTONS
Textile Corp. 1,85
trying pan--the kwall-used all MISCELLANEOUS
Yangtze.... 0.00 120 @ 0.53 over the East, has a rounded
4.53bottom which is ideal for cook Yasmati 150 141 Allied Inv. 42735 4.72312,000 7 4.1oing over a bucket of charcoal, 1,000 4.10 but a dead loss on the flat hot-
plato of the electric cooker.
INDUSTRIALS
Coment XD 19.30 70.40 500 € tapo 9OTRES, ETC.
Dairy
Watson
27.00 1,000
72% 500
24.50
7.03
Singapore Rubber
Market
HOLLOWED OUT
CHICAGO GRAIN MARKET
which the kwaii nestles happily. | May
On his way to Hongkong, Mr July
Chicago, Mar. 16 Prices por bushel In cents;
Wheat, No. 2, red
The solution? GEC' room boys have hollowed
back-
Closing
designed
Apat hotplate, Inta Maren 2320 23944) «
Price
234567
23032-7
220-14-34
Sept.
227-27741
Corn, No. 2, yellow
Вера. Deo.
Hariny, spot
May
Singapore, Mar. 1. The market was steady and
silm und he watched closing level There *pped off at Singapore. Dec. above Saturday's with moderate trade enquiry pretty Mrs Lim Koon Tock, wife Spat and sellers reserved. Prices of the well known architect, pre-arch No. 1 rubber per Ib. April 64-34 paring a meal on the Brat of July
263-943 these made-to-fit cookers, 5434-85
And now Mr Gamage is sure 844-5432 63-8314 they have
Asian countries.
May
+
June No. 1 rubber per 1b. April No. 3 No. 4
Blanket crepe
pot rubber unbaled..... 5415-641
No. I pale crepe... United Press.
Corporation The corridor plan would al-of Americo sakd in 1932 that it construct * ready Bow Conata access to free deep
near Skagway happy aca points in Alaska, cx- smelting change for a supply of hydro- at an initial Investment of $20 however.
And in return to Canadian electric power and development million, subject
Communist propaganda Al-Kingdom must be ready to Yukon
New Zealand." plant's ters through despite the police from Australia, the
Pakistan, South Africa, India, Was vigilance.
and
the colonies com- The Communista sty?" "Every
that we could other In Washington, the corridor fank sent by the United States
wise got from the dollar aren. that more Spanish We must do this even if the proposal now appears to Have menna
higher; for, we received the support of Senator peasants and workers will be
price is a bit
Domestic. No.: 6 gugar futurez ! LONDON MARKET. Alaston has 0 number
London. Mar. 15. of Hugh Butler, a Nebrastin Recalled for military service,
simply cannot buy things from suitable deep sea ports in "ho publican, who is Chairman of
Canada and the US with dollars closed 1 to 8 points higher witt
The rubber market was very. "Every ship given by
sales of 100 contracis. Panhandle but is desperately the Influential Senate Interior United States to Spain
that we haven't got.
World futures were quiet and steady with No. 1 Rss spot in need of cheap power and Committee..
that more shermen will bo
DIGGING A GULF
Irregular while traders awaited quoted at 10 pence per 15. economic development, while
Senator taken from their work for the
further
tho Prices:
No. 1 spot truth. Let's not blink the
Settlement house · teres: Canada Navy,
Thore has got to be a long-
Trade buying bolstered the April consider the construc- should
*Spaniards should reallar term policy of discrimination by domestic contracts. In domestic stay... tion of a railway to Alaska and
is being War
the sterling
Commonwealth rows, dealers reported fairly June the paving of its part of the
April/June This must large, offerings of Cubsa, and July/Bent, Alaskan highway, the United red by the United States, against the dollar.
British and French imperialists moun discriminating against the duties free at 0.30 couts a pound, net/Dre States to pay part of the cost,
***! | against Russia.
In other Canadian dollar. 100. I that in return.
delivered. and suggested In part, at least, it has been the United States might grant 1 is no business of Spain, words the dollar digging & Future clesings were going on from the Ume when Canada one or more free ports | She should remain nouiral,,,; as gulf between Canada and Charist Russia had a formids in the Alaskan Panhandle,
sho has Urough the previous real of the Commonwealth, able echpite stretching up. ánd
-Mi* Con- This fills me with alarm.We down the horthern Amòrienn No ofhelat stand has yet been, two World Wars
must-do something about? muutsista. continent's Pacific coast, which taken onl the proposal by
But while some appear ime Unless we do, this octmomie muit was governed from a capital | Canadian ottelats, "but power-
1st in the end. Impair located at what is now the ful Canadian Industrial and pressed by sucks word of mouth must-
unity of the Panhandle
mining interests have indicated propaganda, the major
to d] their rupper).
there, will inot When Alaska passed from Russia to the United States for Public opinion, which is the sum of $7,200,000, : 14 did | oflens ahead of official coms, Lind little, to settle witho... boundary ment, appears to be growing în, trvour of the sorrider plab, discovery in bolly" Canada; and, and the developement of the China "MMK" ISTORIEN
ses-and transport.
This is no new problem.
the
that the future
WAP ANYWAY,'',
RM1" Special
of the Commonw neoromic corets, un
Continet NoSE (World)
息
future in many Barley Spas
Spot
-2541-94
120-102
484-4911
Soybeans, No. 2, yellow
好嗎
Bpot
3471
New York Cotton Prices
March
MAY
July
Bopt,
Nov.
4
New York, Mar, 15.
Closing Pricer
Spot
March
expired
May
10%-18
July
1-105
1812-18
Dec.
104-10
May
Judy
Jan/Kiar.
March April
Dorist
-- United - Press
Exchange Rates
114.48-48
5751 £34.00-09
“United Press.
London Foreign
Exchange
Hair. York
--Unlied ProM.
LONDON METAL
PRICES
London, Mar, 15. Tia, copper, lead and zinc were easier today. Prices closed as follows in sterling per long tonk 210 apik 190 buyers, 750 delleri,
0871
Coppermot 21
Land March 125,7%
Big March
NEW
YORK FUTURES
·New Yorky Mar,