High speed action picture of Beth Ross. 20-year-old stur of the present edition of Buk-stup vaudeville at The Windmalli Theatre, London, Later this month she will appear with other girls do "Carrison Theatre" which is to be televised from Aldersbol.
Tremendous Progress
Czechoslovakia
In
In The Last Five Years
Vienna, Apr. 7,
All who have had an opportunity to travel in Czecho- slovakia recently, whether they like the Communist regime or not, agree that tremendous progress has been made there in the past five years.
One traveller summed up the general concensus of opinion when he said: "New factories, power stations, hydro-electric works, mine shafts, workers' houses and farms are to be seen on every hand on such a scale that one is forced to think that even the high claims of increased pro- duction made by the Government are not impossible.”
The claims, as put to the Czechoslovak Parliament on January 20, by the Minister of Planning, Mr J. Pucik, incluule the assertion that the first 5-year plan which ended on December 31, 1953, was 99 per cent. fulfilled.
**
that
STARTADEN
be
Industrial production.
This failure to "balance pas-} added, had mereased in the five ments" with 1 Eastern ble years by 77
Prime and the was referred to, by the cont
M. Vilum Syruky, in manufacture a
vi Minister, the production.
1953, when he liked Is, capital November 195
! that
to the goods, 2.1 firtues
Sovet deliveries aims of the 5-year 19an Union were The
a matter ist were said to be:
sentiment but were needed to rential for supplies
not
1. To make Cre-hashivakia pav independent of Western sup. Pods and aw materials,
Observers consider that
demanded by ut, exorbitant lems
plies and poles,
the
2. re-diply the dustrial production of Coneler, the Soviet Union in her trade satellite skates bas
the
slovakta to meet the require-¿ will ments of the Sovar bine
3. To Increase greatly in balancag paymentk, Czechoslovakia's detenev As regards point 4 of the alms of the plan, the ralsing of the cupancity.
| probably added to this difficulty
1.
the young men have all gone into the factories.
to
3. The great shortage of trained
experts agricultural
the
mechanised ? Let collective farms. The Minister of Agriculture, Mr Uber, told The Centrul Commiter of the
Communist Party on December 16, that
only 7 per cent of the agricultural experts on the State farms had bad expert truning. Not
une manager machine and tractor atakuona had a University degree and cent of thein bad ly 3.5 had secondary education. It has been
laid down that
of iron DEM is
To make the standard of standard of living at the prople. the production living of the people.
It h the general epimon of | to be inercased by 10 per cent
Fa regard to the first amm of travellers and other observeis) during this year. But the x- the plan, is tumed that that in thus the Government has perts say, to cover the present great, though inadequate, I filed.
creases were made in the pro-
duction of pig Irun, iron ore, coal, sheet and other base cost-
Living Standard
The purchasing
power
Czechoslovakia's ur sources of pyrites.
ment
tum.
Regarding the third
holidays
services.
of
deficiency it would be necessary to increase it by 150 per cent.
The production of black eral
bane ง has been the
yours,
it
tbe
made
modifies mcluding the devel gwages les fullen considerably, existence of the Government for own although this is partly made up the last five years and all efforts for by an increase I medical to get an adequate increase have Lesser cks are made of in-
failed. There seems no reason services,
and indlusta les in creases in the light
Government should In why the shnilar social. und in some branches of agricul- general, however, the standard succeed in the next two yout
of living is lower, though the Only in electrical production, alm of hours
of work where many new hydro-electric and intensity the plan, it is claimed that sube have increased.
schemes, now under construction. stantial production of arms and Observers attribute this fall in should come into production in munitions for the Czechoslovak the standart
does there of living, despite the next two armed forces has been achieved, the increase of production, first appear a real prospect of at
Travellers coming to Vienna of all to the fact that the terms least reducing the gap. from Czechoslovakia
Thus, say that of trade in the Soviet orbit are
It is to be concluded the first Czechoslovak great progress has been made in unfavourable for Czecholsovakia, that
or Jet
Plan, fighter
while hter A second cause is the production
the emphasis by car
in industrial aircraft, consklerable
headway placed on the production of enormous advances has been made in equipping the capital guts as opposed to con-production, did not fully achieve armed forces with new and up-sumer gets, while the absence is alms, Nor is it likely, even
the
that the ycars, next two to-date means of transport, and of private
capital or foreign n the production
will fully encom Government armoured loans means that all Investments fighting velucles has been con- have to be made from current pass what it set out to du in alderable.
income which reduces the the five years which ended on amount available for consump- December 31 last year.-China
is also an enormous Mall Special. unproductive expenditure on de-
Finally Failures to reach targets have fence, been frankly admitted. Mr Fucik inefficiency of the system-in
which too
are many people anid that they consisted mainly in not reaching the targets set required check on production for the production of black coal, and opinions of others instead iron oro, and most agricultural of producing themselves. products.
ot
Failure Admitted tianx There
he added,
of
lly, there is the Dr Jagan Is
and electricity.
THE CHINA MAIL, THURSDAY, APRIL 8, 1954.
TRADE Andi
CONFIDENT
ECONOMY
Detailed Survey Of
1954
Prospects By The Treasury
London, Apr. 7,
The British Government's Economic Survey for 1954 says that if Britain keeps costs down, invests in industry and raises productivity she can look forward with confidence to further economic growth.
The effects of the U.S. recession must be
MMERCE
VIEW
"Save Yourself"
Invention
Sydney, Apr. 7.
A "self-life-saver", for nurtera
and rock flatter- men caught in trencherous currents, has been designed In Australia.
Dick Charles, President of Sydney's Underwater Spent shermen's Associa- on, has made a plastic safely belt which can be inflated automatically by a carbon dioxido cartridge or blown up like a balloon.
It weighs only a pound and carries a packet of blue powder which, when released, keeps sharks at a respectful distance.
United Press.
closely watched so that national and international HONGKONG
action can be promptly taken if needed.
Even if US. production fell further it should be possible to avold serious effects on Britain's internal: economy and exports. I is mainly through their effects on the sterling area's balance of payments that developments would be likely to affect Britain.
For the sterling Great 1053 was a favourable year. Includ- ing U.S. aid, the sterling area's bulunce of payments surplus with non-sterling countries rose [TONTZ 250 million in 1952 to
£320 million in 1953.
Britain's world surplus
*rell
slightly from £256 rushl (including £121 million of afd) i 1052 to £225 milllou (n- cluding £102 million of ald) in 1953 But between the first and second halves of 1953 1 juntps ed from £68 million to £157 million.
With the non-sterling area Britain
switched from a deffelt of £112 million in 1952 to il of £44 million in 1957. surplus For the first year since the war Britain had an approximate
balance with the dollar arcu (including U.S. ald).
Wages and salaries rose by six fater cent
1953. Gross
is
trading profits of companies
ruse by seven or eight per cent but were lower than in 1951. Interest and dividend payments by companies rose £32 million (3 per cent) while
wages and salaries rose £475 million. Rising internal costs and ex- port prices would be a short cut to national bankruptcy. But if output
man per
rises sub- stentially, an increase in real at the wagen can be achieved same time as costs are reduced,
MAIN FEATURES Commenting in the Survey, Sydney 5. Gampell, Reuters Financial Editor, writes:
U.S.
In time the course of world trncle could be significantly affected by revival of East- West trade. But in the Immedi- ale future U.S. activity is ke- ly to be the most declsive single factor,
Sterling
Aren commodity prices have held up well Blocc the middle of 1953 and in the dular reserves have gone on rising. Prospects are improved by the continued rise in U.S. Hillary expenditure abroad. Britain's exports of aircraft and ammunition should Increase further, De- liveries on offshore purchases should be considerably higher than last year,
Bril
and
STOCK EXCHANGE
(From Our Correspondent)
SECTION
OF
BRITISH
Japan's Cotton Exports May Bypass Hongkong
London, Apr. 7.
A trade survey published in Manchester today predicted that Hongkong, Singapore and Aden were unlikely to absorb Japanese exports of cotton for the entrepot trade to Britain and the Commonwealth this year because Japan ТУДА selling directly to the countries markets had previously supplied.
The survey Issued by a Manchester Arra of stock- brokers prodleted that JapaNCRE cotton exports to the sterling area this year night total 192 million yary's more than Just
year.
The
survey added that Japaneso exports of rayon and mixture gods might increasO by 60 million yards over the 1953 figure.
The cotton experts who con ducted the survey forecast that
which these
Big Decline In East-West
Trade Revealed
New York, Apr. 7.
IF Britain lost all the export Fourteen West European trade thai Japan gained. it countries last year exported to Business
the Stock Ex- would bo equivalent to almost the Soviet on
Union change this morning amounted Пvo weeks output of cotton Europe only half as much as in
ings:-
and East
to $411,499.60. Noon quotą (picer goods and slightly ore 1938, according to Agures pub- tions and the morning's deal- than three weeks output of lished today in
the April issue rayons and mixture fabrics.
of the United Nations monthly British home market Bulletin of Statistics. might, in addition, be unsettled
SHARES BUYERS BELLERS BALEA
BANKS
BK Bark
ENSURANCES
Under
Lombard
SILUPING
איד
this
your by the decision to The corresponding figure for
а relatively small Imports was 38 per cent.
of Japanese cotton
and rayon goods.
The Bulletin listed three not-
The survey said that the effect able features of Industrial meti- of this competition would be vity in this period. strongly marked antt might stimmelate India to
IEMO
053 635
DOIS
ons
20 62 800
Aala Nay.
1.13
in
DOCICS, ETC.
more
K.
Whart..
70 71
will
Dock
ruw
S'hai Dock Wheelock
8 2000
100 6 7035 100 TU 15,40 100 ve 18.30 1.45 7,10
500 2000
7.00
Increase No very large Britain's imports ls expected. Bising Industrial
activity nerd more
Imported malertats but imports of steel and defence machinery will be cut further. More Imported food may be needed for consumption but less for stocks, so that the volume of food and feed im- ports might even foll.
Stocks carried by industry und trade do not seem to have been built up excessively.
GOLD RESERVES
A primary aim of Govern- ment policy is to
create a noticial and economic climoto which will help exports. It is in capital goods that the trend of exports in 1953 affords the most serious couse for concern.
External Investment
and
The main (ratures uf the other capital outflows rose from Survey are:
1. Its unexpectedly
favour- uble report on the balance of payments in the second half of 1953 and on other developments of recent months.
2. Its
un
119 reassuring view of the effects of U.S. recession on Britain herself (as perhaps distinct from certain of its the possible effcets overseas sterling area). 3. Tho repeated emphasis on the need and potentiality for more exports of capital
and Reads
more capital investment by private in- dustry at home.
about
LAND, ETC.
8.20
E
1K Floted TEC Land
Stim Land
Itumphreys
8,
strongly against
Japon and Lanenshire,
compete both
This loss of taude, the survey suggested, would have the im
The latter part of 1053 show- ed Improved and even record Jevels of manufacturing IT
several European
which
countries in development had been
mediate effect of shortening the arrested or turned back in 1952. 1.03 order
100 62 6215 50 GA O
30 en 02.
bookty of the Bellish producars with A consequent
Further substantial gains were
Improvement in their compell-made in the economies of Ger- many, and Japan. Index figures even per cent and 18 per cent for 1053 averaged respectively
tive position.
higher than in 1052.
But if the loss persisted, and the prodhuellon diverted from the export trade could not be in the home market, 1000 10.00 absorbed
Production in North America 500 10.00 surplus capacity would
turned down at the end of 1953 1000 10.0 ngaku become reality in Bri-after climbing to record levels
tam.
during the Brit three quarters. The
once
1.00 1,70 10.70
Healy
UTILITIES
Tram
2.0016 2.0715
31%
33
300 ve 13.00 100 of 3124
declared that Survey 2911
some of the larger sterling area Lighti0j 16% 10.30 300 10.00
including Australia, 1000 or 10.60 † markets
South J000 10.00 New Zealand,
Africa, C. Light (N) 13.30 13.70 500 160 Pakistan, Imq and Burma Electric
in- of
of were enpablo greatly 2006 313 orcaslug their imports 2003124 Javanese goods. 600 + 3134
300 a 3192 ! But in South Africa, CS- 1800 at pecially, dumping and suspend- 20031% ed duties on Japanese cotton
Teic phone
INDUSTRIALS
Cement
.. 29.40 2
17.20 18 10 100
10.30
200
10.
1000
10,
the the
Thurs
....... 14.00
STORES, ETC.
Dairy
...... 27.40 2724
100 271%
million in 1052 to £207 million in 1953. But the sterling Jabilities, which had fallen by lion in 1952, million £373
rose by £313 million in 1953.
recovery of exports tributed
to the rise Industrial production second half of 1953 when rise in personal consumption slowed down,
rose
Industrial comsumption of imported texúle materiais by about £100 million In 1953, and of timber and paper-making materials by $60 million, but consumption of imported metals and orcs (mainly steel) fell 200 million. Demand for copper, tin aluminium Increased
and
4. A remarkable calculation strongly in the inter part of the
Britain's sterling liabilities. In money they
Walkon. sta.....
10.10
goody might be influence.
a restricting
The Manchester colion ex-
Output in the fourth quarter was less than in the correspond-
g period of 1932.-Reuter.
Record World
Sugar Crops
London, Apr. 7.
perts forecast that if domestic Revised estimates of world consumption in Japan
were suger crops during the current curtallet, Jarge quantities of sepson show a total production goods would be avaliable for of beet and cane sugar of 400 er 275 port. But most would not be 38,881,000 English tons, which 500311 competitive y priced, ала Is an increase compared with SDOG 2715 textiles would continue
1952-53 to be the 200 275
45 or
the subject of Japan's main ex. port effort. China Mall 010.Special.
MISCELLANEOUS
Yeumati XD 139 142 200 Ailled Invt: 3.07
1000
100
579
LONDON METAL MARKET
Exchange Rates while lead
scasun of over 4,000,000, tons or 8.6 per cent according to the current issues of Czarnikow's Review.
The total also exceeds by 1,800,000 tony the previous record established in the season of 1951-52.
London, Apr. 7.
The main adjustments made Copper and zine were steady
was caster. Prices y Czarnikow on their estimates of Inst December were in the closed at the end of the official although companies
Just European beef section. are slightly larger thun dà
in rather lower 1945.
Business was done in the local morning session as follows:- But the Survey profils were
1953 thar itt
their unael exchange 1951,
market this Lead April 92 buyers 924 sellers Over 400,000 tons were added to reckons that, in relation to
July
the European beet total making tuanelal perition was stronger. 11.9. dellar (per 31)........
Zine April 7816. whal other countries spend
I nearly 13,100,000 tons, which Shortage of finance does not Sterling note (per 11) ........
July
Long 1s 2,200,000
above last appear to have been the limitu-unan rupisi per 100) 21.10 Copper Spot 234
Tale fter 100)
3-iponti
season's total and 1,750,000 tons tion on Industrial lovestment in
Singapore (Straits)
1.78 All prices in sterling per long ahead of the previous record.- 1953-Router,
635 ton-United Press.
in Britain, they are less than half as large as 1013 and probably very diferent from 1936-
30.
not
The 1953 budget particularly
morning, at the following rates:—__
0.76
IS.ns
20.30
- janaties (per 100)
00%
227
**
7824
77%
F1
22514
2271
United Press,
emphasised industrial fuvest 1954 Edition Just Off The Press! The Leading Export & Import Medium
ment and exports. In the event, housing and Investment in the beste industries increased fur-
Refused Bail ther But so far there are no
Georgetown, B. Guiana,
Apr. 7.
clear signs of any marked in- creuse in capital expenditure by private industry which is Just as important and is the feld in which Britain
appears
to be lagging behind its main competitors,
Britain's share of world trade In manufactures was about the same in 1983 as in 1952.
Mr Puclk said that 1934/55
The Georgetown magistrate, would be used to try to redress Mr. A.G. Sharples, today re- The supply of electric power, the balance of the plan by fused to grant bail to Dr Jagni, reached the target creasing the supply of agricul- deposed chief Minister, Martin set, but although it has increased furni products, coal, iron ore, Carter, Rory by three times compared with
Wesimcos And three other
tho members of 1937, it is still grossly inadequate
needs st for the
No 5-year plan is to be People's Czechoslovakia's
Progressive Parly expanded industry.
proceed until 1958, when all charged with holding an illegal die Peoples Democracies will procession.
SPARE CAPACITY. Observers reaching Vienna
from the start now plans simultaneously Objection to bail say this is obvious
was heard
Some capital goods industries capacity which frequent and prolonged power and in the closest co-ordination in chambers. The magistrate have puze
agreed to the claborate system of with the Soviet Union,
police request after
could bo used culs, the
for increasing Experts who have studied the an adjournment following two rationing, tho dismal street!
exports or home investment, lighting, and the failure to ex-situation closely, however, con- hours of legal arguments.
By the end of 1933 consider- electrification
sidor tint there is slight chonce The tend the
decision was also un-
able progress had been made in sudden incrende There is no doubl. of my
Innounced In chambers. But the restoring a freer economy with villages. they add, that the shortage of Czechoslovak agricultural pro-magistrate told the press later
more opportunities for initiative he had offered the defenses alectricity is an all round brake duction,
and enterprise. Production and. the plan. on the fulllment of
counsel, Mr Forbes Burnham, consumption were 较器 record Some Obstacles Failure to reach agricultural,
option of having the cases
levels, and unemployment was defendants. 'held, in fron
Obstacles, they say, are ore and coal production
low. The recovery of home de jeopardised the
custody 1. The dimculty of over-
brought tangela has
forward in mand had not revived." Inflation- The second aim of the plan.
coming the distrust of the Thursday in an effort to speed or upset the balance of the private farmerà, who
economy, have up trial
with the exparision
possible Ho mid Mr Burnham at first | exception proved themselves casential the Stole. Despite concessions declined to make an application, mont, internal development In followed the budgets and additional in- but then asked that the cancy 1953 mindo centives given to private fare be brought forward to Saturday expectations.
The needs of the balance mera, it felt that they will instead
payments, must, conilaue și to Fovern the pace of internal 2. Agront shortage of Georgetown prison. All have expansion Exports are still not agricultural labour,... because; pleadid not guilty.--Router, large enough,
gineering
of Conchoslovak on-
toade
ponsible WIH only by Importing considerable additional supplies
of iron are and plg iron from Soviet Russia.
The
gricultural fallure in productions has forced Czech-
lovakia
tho
depend on to Bartern blog for bread grains, meat- and fate,
to
nut greatly Interoase their Meanwhile the defendanter were remanded in custody in
output.
of industrial invest-
~INGKONG TRADE
EXPORTERS, DIPORTERS & MANUFACTURERS
WATER
TERLATIRAN SELTENES
World famous Swiss Watches »
TITUS
PRECISION
NOW ON SALE
$20.00 PER COPY, (CLOTH-BOUND) ABROAD £1. 17: 6d or US$5.00 INCLUDING POSTAGE
HONG KONG TRADE DIRECTORY
of Exporters, Importers & Manufacturers including Watch and International Sections
(A CO-OPERATIVE CREDIT DIRECTORY INDISPENSABLE TO ALL MERCHANTS, BANKERS, SHIPPERS AND BUSINESS EXECUTIVES)
~ EXPORTERS & IMPORTERS: Over 1,000 Arms listed, covering main exports
- and imports, bank references, etc.
MANUFACTURERS:
Over 600 Hong Kong Factories listed, including manufactured products arranged in '01 classifications. COMPANIES INCORPORATED IN 1953: Copiial, Registered Office, Natura»
of business and Subscribers,
WATCHES - (MANUFACTURERS, IMPORTERS & DEALERS);
Detailed
particulars of Bwlis and German Watch factories, indicating names of Watches, Trade Marks and Hong Kong representatives for each Trade Mark, INTERNATIONAL (OUTFORT) MERCHANTS; Detailed parisculare of firms In countries outside Hong Kong, nature of business, banks references, nationality, trade connections desired, ate.
Complied and Edited by Alfred Wong
HONGKONG-MALAYA AGENCIES
302 Pedder Building, Hong Kong