THE CHINA MAIL, TUESDAY, JULY 6, 1954,
The Auster Aiglet Trainer
TRADE and
The Auster Aiglet Trainer powered by a 180 hp Gipsy Major engine is now in world- wide service as bath a civil and military aerobatic trainer. If embodies the following Tea- Syren: side-by-side sealing: provision for full Instrumentation and 2-stage amber simulated night flying equipment; sufficient performance to complete all aerobatles without losing height;
seating capacity for three.-Austör Aircraft Ltd. Photo.
NEW BRITISH TROOP CARRIERS
BEVERLEYS 1,000's
BLACKBURN
& ORDERED
VICKERS
BY ARMY
Britain's Army leaders have, sir e the end of the war, kept in mind the need for fast transportation of troops, not only Lo distant battlefields, but to forward areas. White- hall in now decided and acted on the views put forward hy their foremost planners.
Order have been placed for fast Vickers 1.000 troopers and lackburn Boyen-ya. The latter is a slower plane, but has a dual purpose.
ideal for moving smal! De Havilland's Beaver and Spottish Ayiqffey's Pioneer are undis, such as sections, almost to the enemy's parapet.
The British Army's plan to make greatly increased use of "air lift" for the future movement of troops equipment ik
and
NOW
or-
taking firm shape. Recently an order was placed for 21 now jet transport and ders for other aircraft were increased; further aircraft types are being studied,
13
now
72
Army's
COMMERCE SECTION
American Businessmen COTTON PROMISES
More Confident This Quarter
TWO HEARTENING DEVELOPMENTS
By John Morka
New York, July 5. American businessmen moved into the second- half of 1954 more confident than in months over the good economic weather ahead.
There were two heartening developments underlying this buoyant optimism!
re-
1. Further indications that the months-long business cossion has just about levolled off;
that
date become accessible Once ugain.
Encouraging for Americans interested in a return to cur-
has Jency convertibility New
been the rising Industrial productivity in Western Europe and the overall improvement 151 the and dollar holdings At nationa outside the
over
2. Prospects markets for exports might be imminent jra Western Europe as a result of the approval on convertibility of the member-guld nations of the Organisation for other European Economie Co-opera- | Soviet bloc. Itecent igures show that these holdings now 10t! $28,300,000,000
of March 31. This is an incronsu The of $2,200,000,000 over previous quarter.
tion.
American manufacturers and exporters have a big stake in the London conference which gets under
way Op July 15. United States commercial ex- ports have been in a decline for two years.
NOMINAL INCREASE
Although in recent
months
21
опе
Finally, for the diatopt future, ' September 7, 1. 9. Tuesday, The Wednesday and Thursday (Civil there is the helicopter
interest in helicopters; Aviation Day): Guest days. such
exports have shown Display opuri otily to
nominal increase of only hose invited by the Society. Is per cent, convertibility would not to the public.
mean that many markets now restricted 113 part or closed altogether
has beep meatly increased as a | result of a high-level study recently mado of the impaul of atom) weapons on the whote Laeties and
TNTER.
strategies of September 10, Friday: Pubile It was discoverd that Promiare. Large floet ol wheed become A vehicles which has
List
modern army
will
bu vory
can
Saturday September 11, 12,
open to erary accompaniment of the and Sunday: Display
the public. gates open
at 10 vulnerable to alamic attack. ... flying is from a p.m. and
The Army has therefore made the gates close at 7 p.m. Although it will be some time
astuuty of the extint to which before big transports are
wheeled vehicles can be carried Tickets for Friday only service,
possible
ter Lay
The Army's intention be obtained in advance through air". foresee the day when a squad- is to inuodure helicopters to the Autoparks Lid., 1-31 Macl[se ron of high-speed transport air-maximum extent because it is Rood, Olympla, London, W.14.. craft can "ily more than a thott- | felt that these flying "eens" and or through agencies. Tickels pano men to a distant battlefeld | *18 ewts will be invaluable in for Friday can also be obtained
Under study Sa matter of hours-a toove.
Home warfare,
at the gate. zuen:t which takes weeks by ure not only conventional hpfl- ship and days by smaller copters but alling units Tickets for
present-day aircraft.
Today
Bircraft mure British flems Than ever before are working designs specifically with Army requirements in
which
be attached ena different containers to carry them through the air for short xlistances.
Jet Terminology
Saturday
Sunday will be on sale of the gate only.
תנו
duebe
might
to American
at some
pro- future
Geneva Tin Agreement Effective
The Hague, July 5. The Indonesian economic counsellor in New York, Dr Zain, told United Press and
here today 'that the Geneva tin agreement could now become effective since the major
con- sumer countries have all signed the agreement now.
Expressing
satisfaction with this development, Dr Zain said: Indonesia, gecond largest tis producer in the world, was now assured of sleady exports ut reasonable prices. This meant an important step forward the stabilisation of the Indone- sian economy.
Aer Lingus have decided to 433 48-ster Viscounts nearly all their flights between London and Dublin. Four of there furbo-prop airliners have already been ordered.
They will also be used on the
The future pattern of atr Operations by the Army is **** pected to be along the fuljow- It is sometimes thought that ing lines:
very fast the by-pass type of jet engine- "cannonball" service which will the latest type of jet under move large numbers of urgently ↑ development Britain-works nerded troops or equipment very on the same principle as the the Vickers-Armstrong produc- quickly to trouble spots. This ducted-fan.
is the Vickers 1,000.
✩
The
Dublin-Manchester Amsterdam run. The planes will come from
tion line at Huru.
There however, a difference. The ducted-fan is essentially a propeller running in a duct and Liiven by an engine -- nios, probably a
gas turbloc.
Recently appointed develup Second, a fleet of much lower from the
propulsive force is then derived ment pilot to the Britannia
acceleration of
the Fleet, "hervy - it"
Capt T. H. Farnsworth propeller-driven relatively large mass of slow-
has personally desimed for a dunl
flown in *rsports
Dir expelled by the initial stages of development all moving drop Troups
topropeller, and there is only but one of the types in service unning by parachute
comparatively small residual with BOAC. take them in land at advanced
thrust from the jet exhaust of forward airfields where gross is the engine. the only surface on the run-
This work will be di 10: why.
by
or
und
The by-pass differs in Luzo Binckburn's Beverley ways. First it probably makes Twenty Beverleys were original use of a two-stage compressor ly ordered and this order has in which the Art part of now been increased.
compressor superchargea the
The Buverjoy's
the
re-
his
in
Dr Zale, who is a member of for The Indonesian delegation the union talks in The Hague, also expressed satisfaction at the agreement, reached recently with the United States, assuring Indonesia of a steady expart of 18,000 tons during the third year of the 1951 US-Indonesian tin agreement against normal market prices.
but that year
here
05
Anglo-American Trade Talks
Washington July 5. The Present of the British Board of Trade Mr Péter Thorneycroft and
the Director of the United
States Foreign Operaślana Administration, Mr Harolil Stasson,
are expected to complete private talks on control of strategio ex- ports to Communist nations tomorrow, officials said today.
A statement ou the talks. which have been going on over the weekend, in ex- pected tomorrow after-
Hoon.
Technical experts met today to work on some of the trade control problems takoti цр by the iwo principals. Renter.
HONGKONG STOCK EXCHANGE
1600
TO BE IN THE NEWS ALL YEAR
By C. T. Hallingn
London, July 5.
all this
Cotton promises to be in the news your. Stating it from the viewpoint of cotton markets, it might be more accurate to say: Cotton threatens to be in the news all this year.
1. To begin with, world pro-, down - spelling textile redun- duction of cotton in 1853-54 1s dancy-but British Industry 1s fairly souring, the highest doing well.
production over reached in his-
tory was 49.8 million bales in Q. This is the time and this 1937-38. This year it is run the world in which the ancient ning at the rate of 40.1 million Liverpool Cotton Exchange has bales, the second highest. re-opened on May 18 is famous
Can the world
consume 49.1"ruture ma
market
whose facilities, million bales? Can
do it is hoped, will enable cution against the enhanced productionsplaners (and other branches DI of intereating man-made fibras? the Industry) to protect them- Can I do it at a
somo selves from losses due peke four times higher than prewar { Buotuations In row cotton prices?
prlees.
raw
pay
to
the
3. Then there is the seeming | Inability of the world lo
WIDE ATTENTION dollars for American exports of This attracted wide attention
cation. She
produces a with hearty cheers. The Dally very popular cotton, one which Mail in an editorial on May 18 bas largely shaped the world's declared: "This is a red letter (extile Industries.
Her
exports
duy for the great City of Liver- In 1952 were down to 4,289,000 pool, So it is for the entiro hales, which was 26 per cent of country. her production, but in 1953 they
This technique was bivented wero down to 2,900.000
bules, equal to 18 per cent of her out by the Liverpool Cotton Ex-
change In 1808 and put of 18,437,000 bales,
worked successfully through booms and slumps until forced, by German bombs and submarines, to close down in 1841.
PILING UP
(From Our Correspondent)
Business done on the Hong-
Her cotton in piling up, some 8,000,000 Kong Stock Exchange this morn-
vales, wulling for
Some 43 firms have joined to Ing amounted to $303,030. Noon buyers at around 91 cents a lb. mako
12:0 Liverpool Cotton quotations and the
3. Russta is exporting cot-market; there will be morning's dealings:
ton. The US Department of many others before is work- a good Business circles
have SHARES BUYERS ORLLBRE SALES | Agriculture. in Its weekly been impressed by the recent HANKS
Kayling realistically. bulletin on foreign agricultural novelty is the admission of big One significant lifting of currency und trade FC Bank
news recently INSURANCES
reported In major trading restrictions
from cotton spinners to membership. Untunt
sou fro
Brussels: "Some of the Belgian United Press. 70 nations, such #6 Great Bri Underwriters 0.30 0.30 1000 0,70 firms have stated prices of cotton tan, West Germany and
SHIPPING
purchased Netherlands.
1 1,08
from the USSR They look uDon
few months ago were attractive these
along developments, with the rising Industrial pro-
comparison duction in Europe, ឆន basic of an atmosphere eventual Com-
components leading vertibility.
to
the
Ade Nov DOCHS, ETC.
10.30
HIGHEST DEMAND
Elsewhere, highest type demand has lifted the RO- called "blue chip" stocks,
K Whart Dock... Provident (Old) Shel Dook Wheelock
... 19:30 1.05
7.29 7.39
08
1:48
In
growths.
4.
with
a
other
Brozi), which had priced herself
σε out
international trade in cotton, scems to have worked herself back
she
in: 6.00 8.85 2000 m 6.95
recently sold some cotton at a price one per cent under the American price.
Stat Land 140
Then there is this strange proposal for a Schuman plan" for
LAND. ENC.
JIK Hatel
HK Land
30 1171
Humphrey
of
Rity
17,00 ..... 3.0211 2.10
UTILITES
0.
27.30 20 100
SMT Ferry
27.70
2007 147
100 4 18.00
#80 500 şi 10.40
C. Light IN) 12,40 13,00 200
Fleotele Macao Elec. Telephone INDUSTRIALS
Sled 2015
1
1800 ve 12.00 બાપા 220 (14
Y' Forry or the
while the speculatives near-investment type Issues in were apparently neglected the rise.
many
140–148
Č. Light (0) 10,40 1935
20.00 07
the West European cotton textile Industries.
end
"COMMON MARKET"
two
LONDON
STOCK MARKET
Markets
London, July 5.
had 24 fairly
good day with plenty of
left
#
Homewhat
At the recent annual meeting steady advances which were, This high type of investment
of the International Federation however, marred by Home demand from institutions La
of Master Colton Spinners and selling just before the closs expected to continue, although
Cement 19.20 10.00 1400 1020 Manufacturers Associations. al which some of the experts feel that STORES, ETC.
Buxton
Lancashire, In the best stocks have Dairy 24.34.00 1760 @ 2400 speakers a Belgian economist ragged #ppearance,
Watson achieved top gouls and are pre-i 1. Crawford 22.70
Dutch economist
A few polular issues held their sumably entitled to a consolida- i coÏTONS
raised the question of forming gains, like Rolls Royce, up 35. tion period.
"common market" for the fed to a new peak of 965, 9d. West European spinnors and Imperial Chemicals rose 9d, toà manufacturers, much us the coal now peak of 72s. Od. but closed and steel industries are doing.
12 few pence lower. Speaking
There were objectively, enty of gains of dd. such as they pointed out the chronic Woolworths, Vickers,
16.00
Tuotem MISCELLANEOUS
750
Hence the foeling in Street is that the market
Wall will
Yonglaze Alled
... 0.20 0.50
3.70
not be subjected to much more than a technical setback which
Д
very
de
might be followed by a fairly Singapore Rubber duties, how they duplicate Haviland and British-American
Jpng consolidation period then another rise.
and
Market
Singapore, July 5.
Tobacco.
each other's plants and capacity, how they protected with tariffs: their high costs and out-of-date
Talk of a new gilt-edged issue According to top ranking
equipment, etc and so on.
check the buoyancy in British market exports, the market list
from Theountries
several Government issues; a few liko for the next six months should After opening 'slightly lower dozen
sat there cd Consols and War Loans eased operate in a range of 840-350 the market fluctuated through-stunned. Was the handwriting sterling. in the Dow-Jones industrial out the day and closed steady. on the
wall? Nobody stirred. average, and should reflect re- Prices: lativo stabilliy.
No, i rubber ner ib.
sijus tion
and the fact that leading stocky pro viry high compared with what they
701-704
47.68 ASIC-001
BIGH OF RELIEF
Presently a delegate rose and Oils were easier with the July 701-7014 asked if it wouldn't be better to seception of Royal Dutch, up &c. AUR. 70%-71 Sept. 701-71% postpone such an enterprise until 3d. to 40 13/16 pence sterling; July 0914-70 there was full convertibility of Anglo-Iranian lost nearly 2a. D
0812-09 currencies,
Burmah Oll 18. d. and Shell is. Od.
Gold finance shores Everybody let out a sigh of favourites with Anglo-American rellet. And nobody seemed to again, leading, up nearly 24.03. pay any attention to the rather Debeers also gained nearly 26 rambling answers,
Od. Rio Tinlo rosa 4 sterling to But these two economists have a new high of 324 sterling. started a discussion which pro- mises to go on and on.
INT'L SITUATION
No. 1 rubber per lb. Nati About the only unfavourable
Wall Spot rubber unbaled developments noted by
Blanket prope Streeters-a quick and sensitive, I PAR Prede
barometer are
United Press. business
the
AMSTERDAM MARKET uncertain international
Amsterdam, July 5. The rubber market was firm. guilders were at the Prices closed today in
per Idlogram, eif, Aug. follows: make
No. 1 rubber Principal oman No. rubber a long list. these are business adjustment No rubber appears to be nearing an end, No. 1 crepo carnings Ere holding high,
crick of 1953.
The favourable fema
US had dividends may set a new high
in 1954, tin
stock yields remain
the Dr Zain said agreed to buy Indonesian
NEGOTIATIONS He has just become the first
During the first two years of recipient of the British Air Line Plots Association Gold Medal this agreement the US bought ot fixed price throughly
award instituted, largely Indonesian fin
the agreement stipulated the inspiration of the Can
for the price
the third Capt A. G. Lamplugh, to cugnise long service
would be fixed through to the pilot carrying maki engine compressor. Second, community.
later negotiations. Capt Farnsworth, capacity can be judged by the the thrust of the by-pass engine who is Chairman of the Asso- is the result of a combination clation's air safety and technical fact that it will hold ten jeeps of both the hot gases
which freight in the main
compart-
have passed through the
committer, has flown com- ment as well as troops rig bustion system and turbine, and hours in over 40 types of airs
dogs! 1.000 the by-passed of which equipment,
not go through the system bul
"Aviation Wock" says that rejoin the heated gases towards KLM, bus won permission to the exit.
operate passenger flights to and from Manila, becoming the first foreign carries to cash in Philippine Air Lines suspension of Int
International services.""
rear
carries ita
the Vickers
electrie own which picks heavy loads up off the ground and raises them to the freight deck.
These Jargo aircraft have been ordered not only because they can do some jobs which could only be performed VERY alowly and with difficulty by
Aircraft
craft.
as
buyers 2.02
2,01
France has £ number smaller cotton mills now closed
ni
2.00
2.47
£8
were
Japanese bonds were enzier with some down much us 1 sterling on news of Japanese economic difficulties. German Potash lost 1% and 2 sterling
Chinese were weak-United Press.
US Raw Cotton and the Reich Loans 2 sterling
Exports 11,000 during the third year against attractive compared with other
on
· KAFE AR 19 Day that. The
Unded Press. LONDON MARKET
London, July 5. The rubber market was firm with No. 1 Rss spot quoted at the normal prices for stock, investment material, money 2015/10 pence per lb. Prices: piling purposes. This means It is easy.
to No. I Her spot ** 2014-21 and is expected
Bettlement house termi 2011-21
the tin would not be marketed keep that way, and more tag the prices in the world market relief is on the wayUnited would thus remain higher: Press.
The agreement was reached after Indonesia had warned the
LONDON TIN US that Indonesia, dependent as it is on its raw material ex
MARKET pont, would suffer greatly if of tin on, the free
London, July 5. Morning session: The Hin The United understanding the con- market was steady but quiet, to Spot was marked up 2% points Indonesia's already
Was dawn 4 to 743% sterling. economic position, agreed to
Turnover was 15 tone of which continuo in stock plling of tin
none was for cash, for another year-United Press,
The 1934 Flying. Display and pranes has asked dumping surface transport, but also be Exhibition of the Society of permission to take on and unload market would result in lower- cause in many cases movement British
Constructors passengers and cargo in the ing tin prices. is cheaper by oir. In particular will be held at Farnborough Philippines in an effort to extend Sintes, the abnnonball trooping service from September 7 to 12. There is Constellation servios from sequences of another blow
to will be a press and technlolans Saigon to Tokyo via Manila," will enable Great Britain keep a mobile strategie reserva preview day on Monday, Bop-
In being, ready to fly at once to lember 8, trouble-spots, without the Bxw
As in 1999, has been do
pense of men in the pipeline of elded that because of the Im- the slow troopship,
Bush Transports
portance of commercial aviation,
Thursday, Septembis B, tha
last
Safety Record
United States CIA.B. 'Chaleman
of the trade days, will Chan Gurney recently sold in be a civil aviation day on which mention
with tha U.S.
the Aying will be by commer scheduled airlines' 1982, mafety cial aircraft only. Millitary air-
"I
gr impressed when nassenger, could, rku ximately 180 years 4 hou
INDUSTRIAL AVERAGE
Industrial
Now York, July 4. Row cotton exports by destina- tion es reported in bolas by the New York Colton Exchange for the 1933-34 season to June 20 were as follows: Brilain 20-4-291 Continent
201.-31 21-2016
214-214%
20%-2015
Dentral markets, elf barla, portsi
2013-11
Drient
unquoted Canada
weak to 765 sterling and three months London Foreign
London, July 5.
average again} elcand at a new adting high,
Thoro may also be increased its will be available for in- learn that 1, na ni qVORIZE use by the Army of 'bushspection on the ground. transports, which", tako small] *) groups of infantry moneper- The Diapipy will be open to day, on US adheduled slylines at 154.8.-Reuter, haps only a section--in and out the public for the last thre hath within the List and abroad Saturday and before my number should be up. is the Trublis I am diamured when I lewens
that moer thin ED Thure will be a Flying R
Flying Piper PORTDEO WAS
of small grass, field xlght: UPZ-Friday,
on the front line if MOSESATT Pemiere.
The Scottian Aviation Flongar
Friday
in Malays and the de Havilland paler afternoon.
ta
now being used for this work
been, bought by the merlaan
Beaver, hundreds of which havo
The detalle arp as follows:
+.
Beptember ₫ Monddyan vennle thinkCWIJ HE
Air Forms and und_ft Kérée, clams, and Prese proview," the ↑↑ retoung
ja now, available in Britain. Display is not open to the public. Biercie, in!
LONDON
Cibaing prices in sterling per lang ton woré:
Spot, but...
seller amprata buyane
sellers
70
320,278
LONDON WOOL
Wood
TOPS
tops
London, July 5,
futures market closed barely steady. For most
1,055,000 months sellers demanded about $329,613 one forthing more per lb; turn-
245,421 over was 65 lots.
3,618,513
Bey!
Ol/Dec.
Jan/Mar.
Apr./June
July AUR. Sept.
Este crepe, thick
Th
United Prow.
Total for Season Same period last yeart ** excluding Unjard.
Closing prices were:
United Fresn.
July
153-18316
Sept
140-150
SAO PAULO PRICES
$473-
Dec
São Paulo, July 6, Prices of cotton futures 'closed today, in cruzeiro per kilo as
Jan.
Mar.
2401-24234
May
·faltows:~~~~
Spot
31.50
Deg
Jan
Of
20.43
Dec.
MAL
MAY
83.03
-United Press.
ARGENTINE COTTON BARCE
—Unlied · Broan,
Buande Aires, July 57-
The Argentina: cotton
Farop
Exchange
New York Montreat
Aterordam Blocked Mark Hamburg M Brumo Copenhagen Afternoon session: The mar Blockholms marked up 1 sterling to 750 and Ret
steady With spot
Myrre mbaths down 4 to 746
Win
نواع 2
almost-harvested will be
“United Press.
LONDON' LEAD
AND ZINC
London, July 5
Copper, and
tone, pult for Exchange Rates around 2000 font, whereof to a word steady. Prices, closed
Turnover vos 10: fono, nil for. dygtiges at the end of
únofficial: exchange
worm) 140,000 tons of Abro will at the end of the unoffdel afternoon markets as follows,:ln oblalued,
Gaceta
ratchpara 711-labelloved the erop will be Conner spat with
1950 a moord opon. The provisional zinu Jul
WISE) friontha Amor, 100) To export Ogure of 35,000 tona
#will probably be exceeded Lead Bly