ALE
A company of dancers and mustolans from Moscow arrive by air from Amsterdam
THE CHINA MAIL, THURSDAY, MAY 6, 1954.
at London Airport, They will appear si the Stoli Theatre for three works. Known the Moscow Niale Dance Company, they will be seen in a representative pro- 47 women, nearly all blondes, are included in the gramme of folk and traditional dances, company, and all are brillant dancers. Their wardrobe of costumes is insured for £25,- 000.—Express Photo.
Sir Winston Insisted On Keeping 24
Barbary Apes On "The Rock"
Madrid, May 5.
TRADE and
Western Germany Steps Up
Trade With India
Calcutta, May B.
India was Germany's best overseas customer In 1953, according to a survey just published by the West German Government. The German ex- port drive in Asia, which has resulted in a 250 per cent Increase in sales in the Far East between 1950 and 1953, is very much in evidence in India.
By quoting fully competitive prices and more attractive delivery dates, and by combining first- quality material with after-sales technical service, the Germans are taking a gradually larger share of the capital-equipment business available in India during the Five Year Plan.
Some of this business has been lost by British ex- porters. While it would be alarmist to suppose that the Germana could drive Britain out of Indian markets, there is no doubt that British exporters will lose more Indian business unless they can match Ger. man prices ---- and German initiativo,"
was
Import Licences
As can be seen from the sum- henvy electrical plant. The mary below of big orders lately following figures show The placed In Germany by the declining share of British Arma Indians, much of this business in this business and the large ❞ munaing nature.
advance made by the Germans German co-operation in the vinee 1050-53. building of a stoel works and a grid, for example, will ensure a steady flow of new capital business from India.
In
Germun recent months delivery dates have been becum- ing rather longer, as order books All up. while British delivery dates have shortened. There are
fewer complaints many
remote British dates in India.
General Franco's latest move in his campaign to recover the fortress-colony of Gibraltar for Spain, namely the closing of Spain's Consulate there is regarded as a step aimed at putting difficulties in the way of movement of persons and goods between Spain and Britain's naval base.
There is little doubt that the Spanish regime would have liked to mark the Queen's visit to Gibraltar by an even more sweeping measure, such as, for instance, the permanent closing of the land frontier between Gibraltar and Spain.
This would end the employment in Gibraltar of 12,000 Spaniards, who live in Spain, and the movement of supplies of food which cross the border every day from Spain to "The Rock.'
But. apparently. it thought that there many
was were 100 objections to vul
44
ה!
British and American sailors, the last ape dies. Britain will buy nylon stockings and other lose Gibraltar.
Bul goods much more cheaply than
the farsighted Sir they can at home in the almost Winston Churchill, back
tax-free esty and. shopping 1044, gave a standing order that finished, they crowd the beer- the establishment of Barbary apes on "the Rock" should be halls and drink British, Dania, apes Dutch, or German beer and ogie mai
maintained at twenty-four. the Spanish acnorllas who play When their number fails below In the
"ladies orchestras" that figure, new apes were noisy which the proprietors Import be sent from Africa, from Spain to cater for their sallor-cilenta. strengthen
First, the midden cutting off of all Spanish labour would temporarily put Britain's novat dockyards in Gibraltar
out of netion and such action might well But regarded 11 11 Iriendly manner by the United States, whose alm in helping Spalt to is to the Western defences-not see them dislocated.
to
Ta a recent speech at Bilbag, the finited States Ambassador, Mr James Dunn, made it clear to Spain that the United States for Western har- was working mony and wits not happy internal blckering Western powers.
nt *mong
Second, there would be the high cost to Spain of transfer- ring to other parts of the coun- tys me 80,000 people depen-
dent an work in, or trade with. Gibraltar, and resident in the Scanich
bordering
"The Rock,”
Forg
by
од
Third, Britain might have replied
tradio reprisals #gainst Spain and have bought her
and orangea
wine and nilheral ores nlsewhere.
Share Or Lease
Nevertheless, while avoiding
TD-
measures for the major inent, Spain continues to press her aim, which is to persunde Britain to follow in the
steps
of the United States and come to an arrangement for sharing.
ur leasing, the Brush
Пр
дача
сх
The famous Barbary spes of Gibraltar are always ไก ana out of the news.
4
while
Every once in Spanish newspaper reports that they are dying out and recalls the old saying that on the day
to
in
for
So these care-free apes which wander Tound Gibraltar friendly fashion-well-fed they are given a daily main- tenance allowance of fourpence per head by the British Govern- ment-seem to be permanently settled there. China Mali Special.
Glamour Upsets Dons Oxford's
Oxford, May 5.
Oxford's senior common rooms are fussing and fuming over the activities of two under graduates, and the dons of the women's colleges are rattling their teacups with suppressed in- dignation.
of
For Mr Michael Pike. A week earlier the bouquel Brasonose, and Mr Hobin Esser, went to Miss Pamela Moore. of Wadham, are dragging the "Oxford's sauciert Miri of tho university's brighter lights from year," Miss Moore is in hei under their bushels,
second year at St. Hugh's and secretary of the junior common
the
room.
note,
About
some
THPW delivery
have a
Imports of Electrical Machinery (pl) kindi) Into India
farand January. 1953, to December 10, 1963, Sur Heavy
Elec
1053-43 1951-52 1980-81 trigol
{11, '000
Plani 108,278 104,413
83,870 50.934 (034) (507) (7573)
27,835 33.310 12,118 12,850
U.K.
USA. Western Germany 19,000 12.308 3,051 11,103 But the Germans all
Tata's, the leading Indian in- big price differential in their Invour on heavy electrical and dustrial house, has lately reached []] agreement with Mercedes railway equipmers, and on many other ines of capital goods.
Benz for the manufacture of heavy commercial motor vehicles. Although German prices are
low that British Tela's will use for this project sometimes $0
established to businessmen doubt whether they the plant they
build railway
in the engines are economic, there has been no complain about German quality. Damodar Valley. Unlike
of the capital Though
came very late by equipment supplied
the into
the
ended field of the German material Japanese.
motor industry in India, the always well up to specifications. Government looked very favour- ably on their proposal because of Its defence potential-an aspect of Industrialisation that is very much to the fore now in India following the deterioration relations with Pakistan.
PROJECTS IN HAND Any further emphasis on de- fence
in India preparedness would assist the Germans, firstly bocause of the wish have quite different sources of supply from Pakistan, and secondly because of the respect German *** command in Asia.
an
has where corresponding pliers about technical
MARKED SUPERIORITY Their most marked superiority, however, is in the service sup
after sales plied to customers While
Indian industrialist whu
bought machinery Ls still in Europe
sup- with his same defect hitch, his colleague who has bought in West der
technicians flown out many has to help him.
The
following are the out- standing Gorman achievements In the Indian capital goods apart from the normal that support a lovel of Indo-German
COMMERCE SECTION
Lower US Metal Allotments For Arms Production
for
Washington, May 4. Metal allotments American
deforce in- dustries for the third quar- ter this year will be the lowest since the end of the Korcan war
The Office of Defenov Mobiilation mid manufso-
of military and atomie equipment will use 743,000 tons of steel in the third quarter, which is 48 per cent tem than in the current quarter.
Copper and copper alloy allotments at E5 mution lbs. will be BG per cent lower,
white aluminium usage will be 20 per cent lower at 114,000 lbs.
The main
for Causes lower alloumouts, according to the ODM, are lovelling off in aircraft production, decline in tank outpul and a further drop in ammuni- tion production.—Reuter,
HONGKONG STOCK EXCHANGE
(From Our Correspondent}
Business сть the Stock Ex- change this morning amounted to $550,718, Noon quotations and the morning's dealings:-
SHARES DUYERS SELLERS SALES
BANKS
HK flank
East Ads.
INSURANCES
Union
1000 1603 100 1 LUBS 1015 170
0000075 Underwriters 712 7.45 Lombard
DOCKS, ZTC.
Hangkew Dock
Provident
(0)
Shai Duck Wheelock
LAND, ETC.
HK Hotel... HK Lared
S'hair
Butler Appeals
Increase In
For
European Trade
Paris, May 5.
The British Chancellor of the Exchequer, Mr Richard Butler, today called on Europe to increase its intra-continent trade rather than its gold trans- actions to bridge the gap between debtors and creditors.
"We want more trade, not more gold pay- ments," he told the Ministerial Council of the Organisation for European Economic Co-operation at the opening of a two-day session in Paris today.
The main object of the meeting is
to seek formula by which the European Payments Union, the continent's financial clearing house, can be continued after June 30,
The
a
European Payments been made in the Council but Union set up in 1930 to aid registered no apparent progress. Intra-European 1:de by 211
The
whale thomy issue will automalle payments system, has probably have to go back for been renewed every year since. discussion by the ministers to-
morrow. But wide differences between
In the tho
afternoon session Mr extreme debtors, parti- Butler strongly criticised a re- cularly Britain, and the heavy port drawn
up by the EPU creditors led by Germany hovo
tranoging board on the problems called for a new formulu, by that would arise from a return
which the Union Can be cun- taued.
to convertiblity.
The Chancellor said he felt that practical problems such as keeping up the level of Intra- European trade and trade be-
Europe Germen tween
and Overseas countries had not been examined In the report-Reuter.
Switzerland today pul for ward a compromise plan in an attempt to normow the gulf be- tween the Biltish and viewpoints.
SWISS PLAN
It proposed the abandonment
nutemnile repayment NEW YORK
of др scheme on which
The Germuns had been insisting and suggested some immediato cash payment which Britain agreed with and certain increase in the propor- Ulon of gold for future settle-
501
ments.
2000 v
2
100 37
It
600 un 12,40
12.30 12.00
1.70
. 755 7.00 6000 v5 3.55
in on thle last point that the OEEC is at present bogged down.
Mr Butler told the Ministers
8.55 8.80 303 U 0.6
50 00
to
meet
គ គឺ
10 10.40 2500 10
K 34% 33 240 11 34 Land
1.70 Humphreys Realty
.... 2.021 UTILITVES
Trem
Star Ferry
of
6. Light (0)
XD
←
Light (N)
The German Water Develop- ment Corporation is now engaged In sinking 500 tubewells in Ultar | Pradesh, which are to be com.. pleted at the end of 1955.
20.00 27.20 1700 @ 27
130
..... 18.00 15.70 2400 ∞ 18,20
100 15.10
12.00 12.30 3200 @ 12.70 30% 30% 830 1 2016
300 Ŭ 27
Electric Telephone
STORES, ETC.
Dairy
Watson
STOCK MARKET
New York, May 5.
Stock prices slipped back
that while Britain was willing all along the line in trading take a cash repayment to today. But through most Part of her heavy EPU of the session a strong car- deficit, she could not agree on rier group supported the
Union's
any
change in
the
Leading industrials last frac lons to more than three points, and utilities dipped slightly, leaving all major groups slightly lower on average,
rules, which would
a market. mean further drain on the sterling areas gold reserves,
The Scandinavian countries are standing firm behind Britain while France has also indicated the she will along with British plan.
The creditor countries gave Huneral
the Swits support tu compromise. The West Gorman Vice-Chancellor, 17.30 890 17,39
Frame HET Blucher, sold it should be given enroful consideration but he re. Government's view peated his thut there should be sore hardening of the EPU as a step towards full convertibility,
2000 24:19, 241⁄2 300 # 24.40 100 24.30
L. Crawford COTTONS
Textile Corp MISCELLANEOUS
Yanglaze Youmali
72
... 0.20 0
... 140
Allied Invest 3.92)
20
JAD 100
700 * 140
CONSIDERABLE RISK
Profit-taking was felt in re cently etrong Industrials issues such as General Foods, of 24 points. du Pont, 14; Allied Chemical, off 1 Dougals, off 2: Boeing, off 2%
up
appointed drawn from all over the wort Singapore Rubber rather than as a mechanism for Standard
have been
the
hydro-
high
The Damodar Valley Corpora- trade.
For the Government's Hindu German equipquired for this tion has bought a good deal of though the stan Steel, Ltd., India's third capital goods major steel plant, Demag
have been consultants at a fee of D.M. including Britain, Japan, 18.0m They
erect, United States and France, пге to
initially
Hirakud, supervise,
and
great
has the electric project in Orissa, operate for three months plant which is to be built
bought from generating plant Blemens Võith. Rourkela, in Oriksa.
German plant supplied to pri
naturally vate Industries. is
test
at
4
Market
Singapore, May 5. Small fluctuations in rubber prices today kept the market around the previous day's level with traders awaiting latest in
to
ex-
points In the
harder to tally up, but the formation from Indo-China, important to keep the EPU go-pared with 1,990,000 yesterday. following leading Indian enter- Future dosings: prises have invested in German No. 1 rubber machinery and technical help.
Thane were numerous strong spots, too, General Motors rose 1% points to
new high at $71 in active trading. It was third most active issue, topped only by National Theatres and Pan Mr Butler airessed repeatedly American World Airways, ench
up fractionally. that the EPU must serve ne an Instrument for trade and credit
A low olls dipped well.
of California, paying out,
dividend, rose a point. He said Briinin had lived up Kennecott
rose 1 this doctrine by increasing her and Phelps Dodge 11⁄2 level of liberalisation which in- coppers, reflecting Increasing volved a considerable risk at a demand for the metal time when she still had a large
debt.
Trading was stopped up a bit and turnover for the day The Chancellor said it was totalled 3,020,000 shares, .com-
multilateral ing while a wider
Of 1.173
issues traded, 480 system payments
into were lower, 384 higher and 309
unchanged. being..
put the proposals
The NY Stock forward by the creditors would bond volume was increase the tendency for the and the American
volume Union to get on to a gold basle |change to which Britain was strongly shares.
Dow Jones closing opposed,
were:
They are to be ready to give advice from seven years from the signing of the agreement,
Out of the authorised capital of RE
Rs.1,000m.
they are to be invest allowed to
a maximum of Rs. 96m, The plant is ex-
and peny pected to cost Rs.700m. will have initial output duction capacity of 300,800 tons of in- equipment at
capable of Bu near Calcutta,
an
are to
The Indian Aluminium Com- is now installing largo re- and ancillary gear
its works at
Mar
per 15,
61-613
Juno July No. 3 rubber per 1b. May No. 3 rubber per lb. May 60-30 No. rubber per lb. May 591 Spot rubber unbeled
014-014 Blanket crepe
No. 1 pale Crepo
66%-67%. 09-70 United Press.
NEW YORK MARKET
He said
came
gots per annum. further expansion to im. tons
machinery was nego
Mr Butler acknowledged the Indian technicians
bellated for two years ago and is
responsibility of the debtors to trained in Germany to operate expected to be in operation_at
meet their
bul commitments the plant.
the end of this month. The
said the
must also Creditors Now York, May 6, Bengal Potteries, near Calcutio, COKE GAS SCHEME has some new German equip- Rubber futures closed today accept their responsibility to
koop
within their surpluses 39 to 74 points lower with sales manageable proportions. ment in the shape of de-airing Another West German Arm,
of 69 contracts. plugs.
They should allow adjuaf- reputed in India to be leading
Commission house liquidation manis to take place through in- Gorman technicians are em- experts in the #as Industry,
uncovered stop loss orders on thres ployed at
at feast of the close in face of a slow de have been caled in as con- India's most important basle in mand, with July standing the guaranteed policy
In the case of Germany, some sultants to draw up a scheme dustrial batablishments, The
was needed for a coke oven plant and Indian Iron and Stool works at the pressure.
to ensure that "hor surpluses in the Damodar
Valley.
The spot, market was dull
would not continue at the pro- West Bengal State Buropur has a senior German with No. 1 Rss quoted at 21% sent rate.
englucer, Hindusthan Motors a pound. Futuro closings were:
En technicians and at and En- Locomotive
and air baxcs at Gibraltar.
This week acadomie eyebrow! General France himself, in a series of
reached new heights
as their jour articles which
Most of the university feels owners read the weekly issue of that the black magic story was, wrote for the Falange daily
Cherwell newspaper "Arriba" under the
once-staid perhaps, Cherwell's least "happy magazino devoted to the pris pen-name of "Macaulay," plained why the issue of Gib-
and loftier fights of learning. raltar, which on August 4 this
Devil Worship Under the direction of editor year will have teen in the
Piko and
now? editor Esser, possession of Britain for exact-
Cherwell WOS
Under spotlighting ly 250 years, is now urgent.
banner headline Rovival In "Devil_Worship: benuty, Jazz and black magic. "The British do not seem reallse that conditions
As a result of publicity given Oxford?" Cherwell alleged that This is a have chooged," Macaulay wrote. "It by Cherwell to members of her three undergraduates took holy project and is estimated to cost has
there, Rs.1,700,000. worth collage, the principal of St. water to Godstow and while shedding the blood
would not have been
Whe
to
Д
#
the
anders, Machinery and' British
at Budhri, and }
on the walls of the The scheme, which is still we Anno's warned her students not Bitung chapel, tried to invoke being conaldered by the Indian ineering plant there is a Ger-
ruined did in the civil war if, the to
interviews.
man works manager. Planning end of it, we were to continuo This college is having to the devil.
Commission, migh! To balance ibil picture it la without much publicity"
The story resulted in as a lifeless nation,
the "Indies, of
later be expanded to include at necessary to emphasize that the editor. pulse and treated with
ploptric power station running con St. Hugh's were told after the lawyer's letter, to the
majority of Indian indus- tempt by others.
principal had read Cherwell's An apology to the three named
on gas, – a pipe la marry waste triallata, and officials all prefer Spain of today is front-page story of "Beauty on mon has been promised in the coke-oven
Fram the Airlishm different from that of yesterday. Tap" and "Glamour for a next issue,
Cherwell propers while the forilliser factory at
booster
The the Germans are taking proctors and dona pray for its electric
power station
could an increasing share of India's supply power to electrify the crders for equipment during a The owners are Mr Clive: Calcueta suburban railways, formative phase of the progress urombed her during World War Third-year
Labovitch and Me Earl White, The Indian Railway: “ Board's |- toward industrialisation, it if she refrained from attack Goldrel, of SE Hugh's, was re-third-year per at New College, locomotive order has already ing Britain, then in danger of ported as being tired of "seeing/Who bought if for £800..
been the subject of much tes, and as having opened we've brightened it considerably placed in December, valued a trowaty, dowly, undergraduct News editor Esser said: "Yes, cussion in the United to beauty salon in college "open to and we have had a lot of about 12mJOKA Teriticism: 1. have been: lectured
Spain today demands that plecs Shilling." of her territory to which tho Spanish people have every right
und the return
defent.
of which WOR
and remained neutral.
"By what right is this promise forgotten? And why is the Queen taken to Gibraltar to offend by her presence the foolings of the Spanish Nation?"
Mearwhile, the 250-year-old
early death. 'Zinglest Girl'
Misa
Theo
all-comers?'.
A
On an inside · page- Chispielt
the wook's bouquet
forirex-colony with
residents, including 3,000 Brillki servicemen, continues its . com» plicated hall-British, half- and fablo,
Spanish Way of
Palcemerin
British, uniforms and
.
Kingdom.
on the responsibility", a" new»-
tu
Successful tenderers were one paper over to the public, but Japanese Arm,...,îne Aut zingiest girl of the circulation is going up
of s
St. Anna'
1
chry on the late
utter their rabuices in the wort, philosophy, and political con
"Kaping Apanjah) OF ADELAI
May July 1942 September
December
'Merch (1055)
May
21.40
21.71
20.25-33 17.736
23.01-15
* 23.00%
-United Press. LONDON MARKET
London, May 0 The rubber market was easier with No. 1 Ris spot quoted at 18-8/18 pence per lb. Prices: No. 1 Bug spot vai, 3034-18}% Bettlement house term July/Bestember: October/sourbes""**
JADOMES/March April/June
General marlotte, CLE
London Foreign Exchange
June July
Beate crepe thin
· May·
creased trade.
30 industriala
20 rails
10 utilities
13 stocks
40 bonds
Exchange
$3,550,000, Stock Ebe
430,000
averages
317.03
100,58
11789
100.63
United Press,
New York Sugar Market
New York, May 5,
"The_ministers" experts tacklid | World No. 4 sugar futuros
the closed today unchanged to: 3
the EPU problem after general policy declarations had points lower with sales of 248 Domestic No. 8 sugar futures
LONDON METAL
PRICES
London, May 5. All metal markets were steady today. Prices in sterling long ton as follower
Tin spot Symonths
pot ppurtun 38-8/18 Lead „May
・Fross.
Zind· May
Aug
buyers
contracts,
clowed unchanged
tracts.
to 8 points with sales@of^895
Liquidation orders dominated in the world con- tract today while traderm awaited nows from the Inter notional Bugar Council meet- sollarsing, getting under, way
734
London.
Liquidating and bedge selling lowered the domestie contract
• Futuro" closing is B Consenek, No. 4 (world)
United Prémi
NEW YORK FUTUREA
New York, May 5, Prices of metal" futuros: dlcinod
Exchange Rates today as follows (in US sents
Load kay
Eine May
June)
September