Friends And Neighbours?
HOSCOW
SOVIE
SVERDLOVSK. $
ION
►MONGOLIAN REPUBLIC
190,000,000.
SINKIANGA
PERSIA
IN
PEKING
TIBET
AREAS OF RUSSIAN
INFILTRATION OR
EXPLOITATION.
Ailus
500
7000
Bolt eneintes make and
lasting friends"
the
וזויוי54
Thus werk, ds
Busscata
Came
[
New
10alla
title history.
Maybe the
1
ber, fun, that of all til bluiters
t,tri རྩྭ! ruthless than Pie pengilotu tol Russlors
Ruana was atpexing tot d Manchu atap the Eural ..¶ the century, building beesett a "short cut Failway bet the Trans-Schnur bei Par með.
Mun- The Japanese Track chuna from the Husaints, but Rass Ha detales the fate of Manchukun again at Yall in
1944, and today has hund unt sea fraces at Port Arthur
P
Tartast frontier lands of Meng da have long known It
interference has been trouble in Mongolia 1935, mad there WAS 4D við ance with Husa after the
Belukon
23219.1
waved back to China, but by a Rosso-Chinese treaty the Clopese had de Tents, the complete lide- peridonee of their formant pros
Vater
Sinkang, Ch
יזון. יזין
It!
Sta
Wendere Iterally be ***36*W wil, 129
17 The Russians Patayes
to "help" the local Cinnese
/MANCHURIA
470,000,000
CANTON
HONG KONG
INDO- CHINA]
THE CHINA MAIL, FRIDAY, MAY 14, 1954.
KOREA
teligious
Government after
∎ # ** APPINDARAY 11
They - 14:41 Talay their Infiltration is a story od Rus- Slan at banen, Russlate milnet, old-wells, Husstan aba deď mi - des truling gemarais. neute lands at least under oant control of the two countries.
Rotate the story of Russian infiltration and infuence night BAPONS China's vand northern areas to the foel tant always ruits Jai the long
power
TRADE and COMMERCE SECTION
HK SHARE PRICES LOWEST FOR
SIX MONTHS Britain Builds
But Market Closed
Yesterday
On Steadier Note
By A Special Correspondent
This week, Hongkong share prices were carried down to their lowest levels for six months following the fall of Dien Bien Phu last Friday and the continued stalemate at the Geneva talks. Utilities, Stores and Lands were all hit by the reduced demand and the turnovers which, up to the yesterday averaged about $260,000, were lowest since just before Christmas last year.
Banks which managed to hold steady earlier in the week were marked down yesterday at $1,650 after the London price had sagged £2 to £921⁄2 on the week.
thinking about | There was a revival of Interest time to start
stif mala White expansion of busi-new orders as there is
a
in the magket yesterday few months to go before the atierran when number ་་ dividend season bebigs a new utlife made a slight recovery buoyancy to the market. but relles appeared quickly and shares lost most of the ground Rained corller in the day.
mily
&
Incidentally I heard from friend in Englund the other day that the Chinese Communists
tuste
of
This is how some of the main are giving Europe a man
a new champagne. Prices moved yesterday Hotels Hsiang Pin", a
A Frenchman discovered the were up live cents to finish the નર થક
$8 35, Lands closed 50 rink in East Berlin during the canty better at $61; Trams, after Berlin Foreign Ministers" con- moving up
$26.30 Ca
slippe ference in January and although back to u stendy price of $28.10, he was a Burgundian he China Lights ended the day at sporting enough to describe it
Measure Bussia's 190 million agnast Chitin's 470 million.
Ctreamstances make friends of the Husalams und Chinese. Geography makes neighbours. of Break
Dr Malan's New Move
Against
African "Squatters"
Cape Town, South Africa. May 13.
South Africa's Nationalist Government is taking new powers for the control and direction of Africans under con- troversial bills now being put through Parliament.
Authority is demanded for the elimination of native labour "squat- ters" on country farmlands, further limitation of the movement and and the mass transfer of many residence of Africans in urban areas thousands of people from Johannesburg's slum-ridden suburban spots".
and the
The hill presales for boards, promines housing
"black
space
and
wat
More Houses In March
London, May 13, The number of perman- ent
new houses and flats completed in Britain daring March
33,700, the highest monthly total since the war. 11 exceeded by more than 200 the previous best, in December, and it was 4,980 above the March total fast year.
A record WAN
also ratabilshed In the monthly total for private builders. completed 7,060 houses for sale. The pre- previous highest in the post-war period was 6,804 In October.
They
The isteal figures for tho 2.554 private builders in above their output for Marchi, 1953, an Increase
of 56.6 per cent. Figures for dwellings under construc-
tion pino reflect the ex- pansion in the market for now homes.
NEW YORK
STOCK
MARKET
Sir Christopher Hinton Believes:
Nuclear Power May Be
Competing
With Coal In 10 Years
London.
The Deputy Controller of Atomic Energy Production, Sir Christopher Hinton, forecast that within ten years Britain would be building nuclear power stations which would be “rea- sonably competing" with large conventional units in the cost of the electricity they produced.
or
He also thought that in-¡ing his carly steam ongines. dustry,
nt any rate The capital cost of nuclear power selected
will quite certainly fall, and I industrial firms,
suggest it is probable thint at would have to take a "much the same time the cost of coal
more
fundamental respon in terms of real value is likely sibility" for the design' of lo rise.** nuclear power stations,
who
WIN
Sir Christopher addressing the Institute of Fuel at its annual luncheon În Lôn- don last week, sakd that it was necessary to be "most deeply id urgently interested" in these the because alternative fuels, best estimates of the availability of coal reserves in this country suggested that casily
mined coal would not last very much more than two hundred years.
That
A Wis
comparatively Industrial
New York, May 13.
the Profit-taking
the short period in for
Me nf a nation. he sold, "second time this week
ONE PENNY A UNIT
market this week.
$14 70, ten rents better than its as a good sweet champagne brought down stock prices opening price, the new shares good for indies anyway" 1t finished ten rents better at $11.70 cost seven shillings, was bottled on the New York stock
of Eiretines in exact Imitations cham- after touching $12. fished 20 cents down at $29.00 pagne bottles and carried labejs whule DaiTY Farms
which improved on
red printed WOTO from $23 to $23.30 on the day. Chinese characters,
According to the experts, the Caffer Luching
"Hsiang words
Pin" Laken
Culage.
$23.40 al
250
Appeal To Canadian Contractors
Toronto, May 13, Professor Brian Lewis, lender of an Australian
With atomic piles of the type productivity team, invited now being bulli in Cumberland Canadian contractors yester- enleulated that it should day to compete in Australia's
they
he possible to produce electri- Recent leaders in the in
etty, which would be "exported" domestic construction indus- dustrials cund rnils suffered
Into the distribution lines of the |try. losses ranging to more than
Brush Electrienty Authority at a Στο told a Juncheon of the A largest af about one penty in late dealings. point in
unit. Toronto Builders Exchange that ot special stocks, however
That was about 60 per cent there had been a great lack of roup -many of them neglected
than expensive
the competition In the Australian the advance
fur-Aushed
produced in a modern building industry since
World War II.
Australian contractors almost
The Appearance [f buyers separately mean "aromatle beter yesterday iternoon was Inter-at" be taken together they are
the esting for it bears out to some nearest the Chisese can get extent brakers' beliefs
of transcribing the French word with that prices have now fallen so low "champagne". that investors are ready to buy
nin.
T
Far
On the other hand, the re appearance of the sellers later in the afternoon suggests
the market will not Innke much headway
is some there until political settlement in the East
Jeaist at
until the present tension eases.
Brokers therefore believe that stures may hold at yesterday's rates for the next few days for the market appeared more settled at the close of business. A COMPARISON
i
It has found its way to other European capitols including Zurich, and Geneve, but none has been seen in Paris yet!
TODAY'S SHARE PRICES
(From Our Correspondent)
50
gons of a point or more Turnver was 2,340,000. or 130,000 shares more than yester
day's volume of business. Today's figure was the heaviest April 30,
moru
4
000
In
was received by the
electrtelty
station But capital charges loomed very large in that cost, and that had to be coaxed into a $4,000,-
because capital was encouraging, since
Government project costs always fell as the techni-Canberra recently, and not one
construction of new Markel observers were
Lot ques of surprised at
the reversal in plant became better understood inquiry
Government about the job after and more advanced. trend, cording us it did after a
"We are at the moment cer.tenders were invited, he said which lifted in- steady rise
Professor Lowis is Dean of tally no more advanced uustrial to the highest point
Watt was when he was build- the Faculty of Architecture at raits October 22, 1920,
Univerally of Melbourne. March since
27, 1953, ullitfes
He is head of a group vialling tince September 1, 1933.
look
Aince
it was considered purely a technical move.
Louse; were widest in recent Icoders, issues such as Monsanto Chemical off 3% points, du Pont, downs, Allied Chemical 4 point, American Telephone 14.
US
continued to Gypsum
than
the
Singapore Rubber Toronto for a three-day
Market
at Canadian buildings and construction methods,
The team has visited
the
United States, Great Britain,
Singapore, May 13. Holland, Belgium and Den- There were good inquiries for mark during a four-months lower grades and speculative period. Their visit to Canada to three days buying throughout the day, and will be limited
profit taking towards the in Toronto-United Press. close, Future alosings:
.. f rubber per Jb.
I said earlier that following the fall of Dien Bien Phu share prices had fallen to their lowest levels for about six months.
Business an the Stock Ex-respond to news of oil explorn-smo What has happened to share change today amounted totum on its property rising 24. prices in that period? Early in $413,000.00.
RKO Theatre featured activity quotations
by a wide margin, rising a point January prices began climbing and the morning's dealings:- towards the boom levels of early SHARES BUYERS BELLERS BALES
$0
the EL
company Announced its intention to offer February. During those
to purchase its own stocks at prices up to $0.
а
weeks
INSURANES
Union XD Underwriter Lorshard XD
1 t control 4. kind of form extra travel Incilities to city labour, but squatter Just pay- jobs.
It was
monotonous story of BANKS ing rent
br. evicted. Further provisions of the bill
shares continually reaching and Many of
fu bar There are bond
affect
so-called some 750,000
passing new "highs". Looking "Torelta" variously exploited.
natives In South
buck in the Ales yesterday Afrien-Africans
hove
comment saw that in my Arst crossed Into the Union from the
ou the Hongkong stock market Tihodram or Portuguese Extat
on January 12, I wrote: "Hong- These Africans,
wen
their best Atrien.
kong banks are at work in urban areas. now face Hongkong must have special permits
levels for more than a year while Hotels, Cements, repatriation or diversion
Dalry Forms, and China Lights rural farm labour if they change
old and new are at their best or lose their city jobs.
levels for many years."
Government majorities in both the South African Assembly and the Senate can ensure the quick safe passages for al new laws of the Minister of
Squatting Evils Native Affairs, Dr Hendrik Verwoerd, arch exponent of
Opponents of the Government Govern join in conderaning the evils of Nationalist the
wonder But they ment's apartheid or colour-squatting.
all the natives will segregation policies.
moved. Une estimate
that half of
some 2,750,000 natives, living on South African farms are squalters.
where when
For, with all the publiclty for suggests
his new native measures, the debates they provake, Dr Verwoerd, 32-year-old former Afrikaans newspaper editor and University Professor, hus come the "man of the year" in South African politics.
may
Ku
Thousands of these opponents
of the bill say these people will
about be left wandering
the be-countryside
to with nowhere
ilve.
21
Only Own A House prices compare with those boom
The bill now classifies natives
of
Well. bere 1s how today's
prices of only four months ago:
Yesterday'
Price
Noon
་
to
Out of 1.208 issues traded, 448 declined, 460 advanced and 300 were unchanged.
HX Bank East Asia
1045
172
040
2,000 ₫ 7.20
49
0036
12
1.05
were
240
DOCKS, ETC.
K. What Provident (Old) Bhai Dock
Wheelock..
LAND. ETC.
HK Hotel HK Land
C. Light (N)
22.06 13000 a
25.00 20.20 500 20.40
- 19.30/14.70 4000
14.70
1000 2 14.00
8700 a 14.30
1800 16. 2000
14.70
11.0
D 11.90 110 1,700
The NY Stock Exchange bond volume was $2,720,000, and the American Slock Exchange volume was 550,000 shares,
Dow Jones closing averages
30 Industriala
15 utilities
320 30
100.04
56.00
119.89
May
Juno
July
€312-023;
No 2 nibber per lb. May No. 3 rubber per lb. May 001-004 No. rubber per 15, May apka-c Spol rubber unbeled Birnket crepe
No. 1 pale crepe...
グローブルー
United Pres.
NEW YORK MARKET
New York, May 13, Itubber futures closed today
30 to 40 points higher with The market was very quiet but steady.
sales of 92 lots.
New York Cotton
Market
New York, May 13.
prices eased in the
Cotton Jate afternoon on profit taking after a rather Arm start, but activity remained dull.
At the close, prices ruled i point lower to 2 points higher. Opening prices were up 2 to off
4 points. Now Orleans closed
3 lower to 4 points higher.
and
Spot No. 1 Res were quoted at The trading volumes 21% cents a pound, up cent open Interests in the Exchango from yesterday. Prices;
July December
September
March
100.DO
May
New York Sugar
Market
20 raile
S'hai Land
1.30
3730 7*
65 stocks
10 bonds
United Press.
from Britain's High Commission Ele territories Dasutoland, chuanaland and Swaziland. within the Union as "foreign" if they want urban area work.
Jan-Feb | UTILITIES
High
Really
Tram
Dantes
Unione
1050
1070
Stær Terry
159
C. Light (0)
030
XD
over
Wheelocks
135
U.30
China Prov.
22
HK Hotels
8.33
0.10
08 (x)
10
2011
Trama
20,10
Cement..... 18.70
China Lights
old
STONES, ETC.
34.70
10
Dairy.. 23.10 2340 Watch
17,20
in-
now
Electrica
11,70
13
COTTONS
Textics
74
29.00
MISCELLANEOUS
Youmail
20.20
31
23,30
2015
17.20
21.33
Tighter restriction
A third piece of legislation, Africans in the country's urban the Natives Resettlement Bill, Parliamentary opponents,
areas are sought under a bill consuming days of Parliamentary · sympathetic with some measure aniending the Natives (Urban delaic and columns of colour segregation for South Areas) Consolidation Act of troversial newspaper comment, is Land Africa,
sometimes
Dr Verwoord's plan for transfer- ngree South Africa.
ring some 60,000 Africans from with the main purpose of his
Long before the bill reached Johannesburg's 80-called Western legislation. But they suspect debate in Parliament, it was a Arcus, native suburban districts of the which are to be entirely cleared his methods of exploiting it and public issue because see him as a "dictator" over the powers it would give to the for European development. country's 8,600,000 natives.
Dr Daniel, Malan is accused of assuming the direction of native
Minister to limit to five the number of native servants mak
of
of
need to
the
Electric... 29.40 29.00 0060 de 129.00 Telephone
20.90 INDUSTRIALS
13
"
**-149 $40
New York, May 13, World No. 4 sugar futures to-
closed unchanged to day polats higher.
July
67,000
432.800
20,400 245,600
today were:
27,60
Month
Volume
Open Interest
23.21-25
May
28,000
210,700
23.42
July
23.44
Oct.
Dec.
2001,700 312,800
United Press.
Mar.
10.000
203,000
May.
1.800.
104,000
July
100
20,000
Oct.
1,100
12,803
107,500
1,000,000 balos
-United Press.
LONDON MARKET
London, May 12.
The rubber market was fully Total steady with No. 1 Res quoted at 18-13/16 pence per ib. Prices: No. is spotka 1836-1875
Settlement house term: April/June
2
July/September
October/December
January/March
April/June
Domestic No. 6 sugar futures closed unchanged to 1 point lower with sales of 105 ron- tracts.
In the world
Chilo
NEW YORK PRICES
1045-10%
1933-1935
1016-19/0
1016-1016
Spat Judy 30-104 October
December March
May
July
General markets, cif basis, ports; Estate crepe May, thick unquoted Oelober Estate crepe
May
Juse
July
raw markel,
have was reported to bought an additional 3.000 tona of Cuban raws at 3.31 cents a
LONDON METAL pound fo.b. following reported
PRICES
Buye
The transfer of all the habllants to a new area called As a
new reg their homes in small roof Meadowlands further out of the TelephoneS result of the
over blocka top tenements strictions and orders,
nity. Is part of an ultimate plan the flats picturesquely termed
Dairy Farma shift 102,000 Africans in Nationalist Government of "locations in the sky".
"black spot" townships round. Cements Johannesburg to new areas away This law is part of the planned from new European settlements, (All prices in 11K dollars). apartheid pattern of getting labour and preventing Africana natives out of European arena.
Government opponents see the Two points must be born in
London, May 13. to clear up native slum mind when comparing these from having
permanent | IL
the
All metat any
markets anunt threats of many domestic areas, which have for long been figures. In the case of almost steady but quiet. Prices closed home in South African
source of riots and crime, but
every share dividends have today in sterling per lb. involving a and towns.
as well as
mas have bitterly attacked the bill been paid in between the two follows: evacuation
Atricans from for ending native freehold rights periods. At the
tirac, FRIC South bigger elties.
for Western Area Inhabllants however, Native "squatters" on
the January-February Tia mor
2-foonths African farms are to be moved
"bighs" quoted do not represent Johannesburg alone has some anywhere near the elty arca. On
Copperpot under a measure called the
the highest point to which saine months of these shores, have climbed, Lead May Native Trust and Lond Amend-15,000 so-called "sky-dwellers" the new site they will not be In addition, there are over allowed to own land, only the ment Bill. Dr Verwoerd,, ex 100,000 other native servants in houses to be built for them: In Match
• the
for instance, Banks plaining this bill, Bald the the city.
Complete demolition o
$1.700 and Unions 1878, Zine May
Aug who
United Prai ared and transfer of the popula-Hotel measure includes natives give their services to farmers In
NEW YORK FUTURES BU - 18:00, TSNA.. now Critics of the scheme who res tion may take ten years. Fears Hotel, $9,85,Ching Lights old, return for a piece of land to the Government already over the consequences" "L' some of the
New York, May 18, have already been expressed of
in the The figures show that in t
Prices of metal futures closed. cultivate, and those who Just committed in providing alterna inhabitants resise removal from dustrials there have been some today in US cents per 10 as
caso of some 'utilities:@and, ins Day rent to live on farms, dive housing for various the freehold lend granted them moval plans, belleve I would
pretty heavy losses in the alast four monthis The Minister' deplored a take ten years to apply the new many years ago,
Another feature of Dr
SALON THE BOTTOMÉ woord's, now fegislation is the
situation which, he, anid, allow-
law.
ed large landowners to maintain The Government maintains power it: 110m him over local. Ona broker "dajozibar ma "reservoirs", of labour in this, that it is in the Interbwis of the badler who madre the" niinister | prices. YUMMIDAY AKTI DOU way while smaller farmers were | natives to force them out of a usurping fumidipar authorityy on the bottom, ja (short of help. ·
China FINE
the present'appeál
over-populated city / areas,
May,
thin 2-1
1836-14%
J80-189
185-107
United Press.
CHICAGO GRAIN
1901- 2013-14
New York, May 13.
Closing Prices
BLAT
34.17
34.10
24.34
34.31-32
33.95b
-United Press.
London Foreign Exchange
New York Montreal Amsterdam Blocked Hamburg Brussels
Copenhagen
London, May 13.
-13/18 2.81-7/16-
77-13/16.
2.77-11/10
10.041 Mark · 11-31/2
140.761-180.75 19,44-15.445 70.56-80.00
26.5634-1457
12.236-12-2335
United Preis.
NEW YORK EXCHANGE
PRICES
purchases yesterday
of 10,000
taris.
Prices per bushel in cents
Chicago, May 13, Closing
In
the New York market
Prices
were
as
there were moderate offerings Wheat, No. 2, red
Spot of duty free sugar for inte May 18 (1) early June arrival at 6:10 cents | July
100136
མ-
Lisbon Paris
* pound, delivered,
Bapt.
Stockholm
Dec.
Bellers 720 177
...... Future closings;
Zurich
Corn, No, 2, yellow
Contract No. 4 (world)
Spot
ISOTE
May
July
18316-1
July, Bapt
Sept.
Dec,
3.20 ye
Jain
May
July
Data
July
cents per lb, fob Cuba) 3.25 Open, interest, 6,150 · contracts,
Contrast: Nő, §-
MAY
Buly_
May
13.0851Jutr
8:00
July
$.20
Dept.
Nov.
Barley, Spot
Cannda England-omalai
New York, May 13,
#1.01-0/28
unoficial
30-day Futures DO-day futures
Bolzlum
2,81
2.78-2.78 2.01-31/32
2010041
*United Press.
Soybeans, No. 2, Fellow Exchange Rates
Buninaw was done in the focal 377-779 unometal-ga akabango market this
thorning at the following rates:<
HDGLUE dollar (per 81
Blerting notes (per, #1) Indonesian rupiahli pár:100) MUMIYLASTENÍA (per 100), 2004. Singapore (Biralba) dan
Indo-Chlag-« pisstres' (per:100)