THE CHINA MAIL, THURSDAY, AUGUST 12, 1954.
HE FINDS BULLSAM
TAME AFTER THE JUNGLE
8,000 miles ride to help with harvest
ADRIAN Hyde, n 24-
Hye-old Merchant Navy
officer, finds the bulls on his brother's farm Wood-
bridge (Suffolk) very tame. fo is spending a "working holiday" there after riding home on hin motorcycle
nearly 8,000 miles from Capetown, South Africn.
11: ormpanion as far as Rome was 23-year-old Australien Mer-¡ chool Navy engineer Peteri
Burrcavs.
"We camped in the Jungle: trail we got to Sudan ond were often scared by the animals that
Ind Ground
Fight." Mr Hyde sad.
Ba
+1
"We ship our hamnacks he tween
the trees and slept with revolver and a rifle at our axles, We were too tired to keep wo'ch
becau after
loft South Africa the roads were little bole ter than fracks andĪ 100 ml wus sight hours' hard riding
HT
WORST EXPERIENCE
Was
Ex-
werel
"Our
Jak frontering pericner
when Ա surrounded by a herd of buff
Mr Hyde was my third officer in a ship bord at Mel- ix.urne, Australia, when he first thought of making the trip. Fer two years he was unable to find a suitable companion and then his friend, Peter Burrows, volun. teered to with him.
to go They
a ship
took
bourne to
from Mel- to Capetown in March 20 and began the tour from the Cape on April 16 on two motor- cycles which they had bought secondhand In Australia for £10 each. They carrie! all then
To:xt camping equipment, clothes, and re-atms.
Lavelled They
6,050 miles through South Afric Southern and Nerthum hocala
Tanganyika, Suñion and Egypt,
Beenuse of the rains during
June in Sudan they were unable to use the ronds and had to make part of their journey up the Nie by peddle stenmer.
"We
the
aotian
to find
were surprised
villagers friendly, we told them wr were English and Australian," Mr Hyde. They refreshed us with black tea, and always went to great trouble to put us on the right route.
On June 17 they went by ship to Napica. In Italy they worked on a farm while waiting a fort- night for Mr Burmwe's flames, Miss Grace ingram, to arrive by ship from Melbourne.
and
After helping with the harvest.
a three- Mr Hyde is going on menth course before taking his Best mate's examination,
M DE
CARE FANAR EVENTE
Mr Hadrian flyde waves hello as he arrives in London on
the last stage of his journey from Melbourne to Woodbridge,
Suffolk,
Murder Stories
Now Appearing
In Soviet
Papers
Moscow, Aug. 11. The Soviet newspaper reader finds that murder stories are a new feature in "Pravda" now that the death penalty has been restored in the Soviet Union.
Capital punishment-death by shooting in Russia-came back, by a special decree on April Before that, a sentence of 25 years' imprisonment was the normal maximum sentence for murder.
30.
to
san:
In Estonia, a sailor wos tenced to die for stabbing a man at a cinema.
youth brigades to help the pollee
2.00
OMMERCE
Page
I.M.F. More Confident Japan Is Seeking
Over European Rolls-Royce
Trade And Convertibility
Washington, Aug. 11.
The International Monetary Fund reports that "satisfying progrèss" has been made in Europe toward convertibility of currencies and expansion of world trade,
"Provided these Indications of policies, coming from those who have been debtors and those who have been creditors, are implemented appropriately by both sides, the prospect of further definite progress is good," it added in its fifth report on "exchange restrictions."
"Certain countries are now contemplating further relaxations when the results of those already made
are scen.
"Allogther, the conditions for stability in international trade! ecnvertibility and expansiun oland payments. multilateral trade have been But I pointed out that a large) more progressively and actively number of restrictive devices prepared during the past year remained in the hands of mast ihan at any time since the Fund of its member countries. was established."
The Fund's assessment agreed Ale most countries enjoyed
INFLUENCEP
נזו
Take On
Atom Men
Two
London, Aug. 11.
senior pic
· haya. left
the atomic research station at Harwell. They are Jaining Rolls- Rayce. the aeroplane- manufacturers, at
Derby.
Both are chemical, en- Kinoers, rated at larwell Ju the Principal-Scientific- Officer grade, who have heen engaged in the design of uranium "engines" for the production of electrie power.
mych smaller and lighter engine of this type could drive an aircraft.
At Derby the two men presumably will be build-
atomiu ing up an
energy
department for Rolls- Force, They have been The research on special metals and alloys needed for atomio "en-
At Rolls-Royce they will be doing design work which might enable ал alomic engine to be bullt In the near future.
With such a power unit, an aircraft could By many
world times round the without refuelling.
HONGKONG
STOCK EXCHANGE
From Outside Financial Help
Tokyo, Aug. 11.
Japan is seeking more financial help from outside, fearing further declines in American spending here following the Indo-China cease-fire.
Finance Ministry, officials have predicted serious Increase in Japan's overseas trading deficit, and at. home there is criticism of an apparent weak link in the Government's deflationary policy, despite an increase" in business failures and in unemployment;
Both the Bank of Japan and the commercial banks' have reported loan issues again exceeding deposits."
Government
and
Privato economists are discussing how to continue a deflationary polley without swelling the flow of bank:upies and of unemploy- ment,
Ministry
Finance
officinia estimate that Japan's unfavour- able balance in International payments in the current iinancial yeur wli probably Increase to 160 million dollars, from an original calimate of 99 million dollars.
Dollar income from United States milltary sponding is now
Visling missions
NEW YORK
STOCK
MARKET
, New York, Aug. 11. Top grade industrial and rail slocks rose a point or two: mpe
The
108804 pront similar
ta
expected to
to declin: to 555 mila host of losser lights" gained lic dollars from 710 milich even more sharply In another dollars
Offsetting the recent strong and active market today, rise erased more than Increase in exporia and the cut
$1,000,000,000 of the In imports,
week's the suffered in last from
on top of a United States have been asked taking to increase offshore procure.
advance yesterday.
Activity-heavy enough ments in Japan to fill the gap
balance of in the
put tickers payments. The Japanese Government has sections for a submitted to a visiting mission right after of the World Bank à number up a
YEN SALES
totalling
behind floor an
Av-minute perind
the opening-piled 3,440,000-share
stability, a number of substantially with the views of others were still trying to cope with economic and financial dif- Mr Harold Stassen, United States ficulties which had started In Foreign Operations Adminis- carlier years, particularly at the trator, who told a preys con- ference that Europe's trade had end of the Korean boom, and in
these countries the redominant | increased o much in the last difficulty was that of inflation. year that he expected limited
The latter countries deployed Convertibly would come soon.
familiar restrictive devices to wy to ploguard their pasillons, and in some cases the applica- The Fund said the attitude of tion of these devices gave rise mony countries in contering to new difficulties. further moves to ong trade and Tho Fund urged these convertibility restrictions was of countries is stabilise their cur- Treoessity being influenced by vencles, and it assisted some of their judgment of seamomis con- them providing ditione in the Unified Siples. eding tennial (From Our Correspondent)
assistance usssance. The fapt that A number of
Business done on the Hong-with Others had temporary balance countries have
thus
far been
of payments
that kong Stock Exchange this mern- setbacks .able. 13 maintain. satisfactory showed signs
$590,007.40. being avering amounted 10 levels of exporte to the United come by the application of Noon quotations and the morn States despite the ipduction in sound uncial spessures coupled, ing's transactions; United States output and Income in certain instances, with Fund BUARES BUYERS KELLERS BALES Bay that the visiting mission points in is an encouraging eign of the assistancó," improved international positions of these countries."
re-
The trend
towards the moval of trade and payments barriers in 1953 and early 1954 simply a short-term
was not
reflecting increased reserves and improyed "Bâlahče of payments, the Fund said.
COMMITTED
Governments have publicly committed themselves to a long- tern policy of expanding trade and removing restrictions for the attainment of convertibility."
This was feature
World
ہیں
economic conditions, tha Fund reported, were generally supplelous, China Mall Special.
World Rubber
Markets
20 * UPO
BANKS
HK Dayk ... 1603 1093
East Asin.. 104 INSURANCES
Unsora Underwriters
107 1615
33 1090
7.00
からで、
200 70%
SHIPPING Atla Nav DOCKS. ETC.
K. Whart... Dock
70 10.00.
turnover,
tha
of projects for agricultural, in- just a shade below last Wed.
shares, i dustrial and mineral develop-nesday's 3,020,000
heaviest since Jan. 17, ment.
1851. World Bank loane
All sections of the market 117 million dollars would be re- partialpated but it was the rails,
which dagged qui.ed to finance thes:.
In yesterday's the best move, that plied up It is also understood that the gains of the major groups. Japanese Government hopes to Improvement among the lead- se proceeds from yen sales of ing gainers ranged to two points American surplus farm products or more. for many projects. It expecta Blecks
among wero
best that Japan will be supplied Industrial gainars, Bethlehem of 300 million rose 1% US Stoel a point, dallors
of American Youngstown Sheet & Tube 14 surplus farm products, over the points and Lukens Steel 2 next three years.
Usually well informed sources
General Motors spurted 234 tho motors and the Foreign Operations Chrysler, selling, ex-dividend, Administration and the World hold % of an early wider gain. Bank have lold the Government Continental Motors rose nearly that Japan must continue her
point in active trading present deßationary polley she wants any financial from outside.
from
A
total worth
points.
A
help
They expressed concern about recent increase in loans by
the
Provident (0) 12.00 23 500 i 12 m both the commercial banks, Whecinck 7.43 759 2068 7 Outstanding loans from elty LAND, ETC.
banks have again exceeded total deposits.
HK Hotel
Tik Land
Là 70 }} 250 1979 bo col 1100 DO 600 @ 00 Humphrey.125 2.16
10 101
S'hai Land..
Realty
UTILITIES
Tram XD
to
Pont and "American Cynamid each rose more than a point in the chemicals,
avtr
bne
Corn Exchange Bank Trust spurted 12 points and held 10 points of the rain fallowing announcement that a commitico. had been appointed to study Mission members are also be Chentical Bank offer Lo.. inke
a two lioved
have asked the over com- ON:
basie. Japanese Government what
consistent Aircraft measures are planned for com-
stocks, bank- pace-setters in recent sessions; bating the increase In rupteles and in mass unemploy. had some good gains but a fow of the leaders-Boeing;' Dougins, Bendix, Glenn Martin-were hir TEXTILE PRICES
and closed of by profit-taking According to the Bureau
with small gains either of Statistics
or slight the Japanese
declines. Cabinet the number el dersons
Radio
a point desiring to get new jobs Eecking
five employment In 2415 24.99 500 24.70 million.
191 19.00 2500 ** 10.00
100 101 148 150 700 140
Singapore, Aug. 11. Further selling and liquida- centres tion from Federation cquaeri prices to sag again to-
Yaumati Ferry day. There was little support the cutstanding frem cyersens. Future closings
C. Light (0) 15.90 10.10 3370 7 14 encouraged by the greatly im
Light (N) 19.00 12.25 2000 * 13 of 1963 and it was No. 1 rubber per lb, Aug. 6070-60%%
Fortrie
33 33 1081 633 ALVE Sept. 005-05
003 Del. 0515-001 proved balosce of payments No. 2 rubber por in. Aug. 65 positions of
these No. 3 most of
I have of Peter and Grace!
The change was announced as touring Europe, but they will arrive in England in a few weeks the answer to widespread public
ra lo bo married
this appeals, Judges, previously per
mitted to award gald Mr Hyde.
the death
The drive against 'crime har whole trip cost £325 for sentence only for espionage and
led to the formation of volunteer were powerless treachery, food, petrol, maintenance, ac-
oppose it. commodation and shly fores."
in Leningrad. Now that the death penalty is bank.
the newspapers Bre Brigades, recruited by the stressing that violent crime will Komsomol youth organisation, countries and by the general No. 4 bring violent punishment. Deathure patrolling the streets, halp- rentences have been reported Ing the police keep track of at regular intervals since capital youthful "hooligans." Candid punishment was restored, Re-photographs of juvenile de ports have appeared in Pravda, | linquents go up on wall news- the Communist party newspaper, papers in the factories. as well as in provincial news- "Even in the first years of the papers.
Soviet regime, V. 1. Lenin (founder of the Soviet State) for declaration called
Shadow Over Shipyards
London, Aug. 11. Although construction in British shipbuilding yards has reached a two-year peak, there is a big shadow over the industry and its 200,000 workers.
APPROVAL
Murder stories
some
of
New York Cotton Market
New York, Aug. 11. Pricos of cotton futures closed
Spot are usually merciless war against hooligans, today as follows:
swindlers, and parasites," the
Amply
published in the Sovint Press St under the headline: "Murderer newspaper "Literary Gazette" Sentenced to Death." The re- commented. "It is necessary to ports invariably end: Citizens put into practice more present ut the trial expressed and decisively there instructions: their approval of the decision."
of Lenin."-China Mall Specini, For newspapers have been emphasis- months. Soviet |ing that “crime does not pay." A drive is on against Juvenile delinquency, Crunkenness and future hooliganism. A startling drop in order is disclosed in Lloyd's Register shipbuilding returns,
issued recently.
Several of the recently con victed murderers were described six months,
the orders "ardened criminals," leased
year's British yards have by lart
omncely from prison sentences
for 408,000 more thin
crimes.
The latest
In
-
booked by
fallen by tons. There had already been
SYNTHETIC RUBBER
MARKETING
New York, Aug. 11. The Rubber Trade Association other of New York Incorporated has 'offered its services and those of about the same drop spread over featured in the Moscow, news in the marketing of synthetic story its Individual dealer members the previous 18 months.
reported the death rubber, following the For the first time in years, the papers total of slips under construction sentence, before a firing squad, rale of Government-owned te
and preparing (plans approved
mundar
for Alexander Puchenkov, who duction was frood
from prison only enterprise.lities to
or material ordered) is below shortly before the 4,000,000-ton marit.
TWO-FIFTIIS
murder.
ke committed
* LOATHROME FIGURE
report said that
Britain is still building two- The Pravda
In
Instora
pro-
private
to the companies that have bid for the synthetic rubber facilities. Mr.R.. D. Young,
called attention to
ABSon of the Dealer
prob
fifths of the world's tonnggo bul | Puchenkov attempted to rope. {will cubber, goode,
many orders are going to the village girl, then slashed her face Continent. Germeri yards, UP with n razor and another 35,480 tons this quarter strangled her.
finally turers of
which
ve,
Dec.
Mar
$1AY
July
Del.
Dec.
35.25 :
34.18
34.32-43 30.61
34,79
33.90
34.53-48
3301
NEW ORLEANS PRICES
New Orleans, Aug. 11. Prices of cotton futures closed today as follows:
Spot
Dec.
Loy
July
Det.
Dec.
24.00
3417
$420-40 31.00-00
3.31
34,65
3389
53.01
LIVERPOOL PRICES
Liverpool, Aug. 11. Closing prices, American mid- pence per the ware as follow: ding eqtion, 18/16 inch, in
Dec Jan.
Mar/Apr.
MAY/June
30%/AUF.
Ompelul priepe for, spot Iseliidet: 2yptian Karnak,
good/fully/good
$1.00 fottans,
Spot rubber unboled ... Hanket repo
No. 1 crepe, pale
811-83% NEW YORK MARKET
New York, Aug. 11. _Rubber fufpires. 10day elcsed 10 40 24 points higher with sales of 10 contracts.
Sandakan
Light Telephone
INDUSTRIALS
Sement Rope STORES, ETU.
Dairy
Watson
COTTONS
.
15.20
21.00
0%
ment.
Cained Corp.
or but in the
34 on fell
same group Zenith
poor earnings res.
Prices of textiles have been port. This was one of the day's few wido declines, Out of a 25.00 25.00 700 7 25.80 more or less stabilised, but total of 1,212 issues traded, only
1814 10.00 1000 18.30 markets for iron and steel non- 204 vere lower
50 15.30 ferrous metals and timber have
Textile Corp The market was quiet but MISCELLANEOUS stendy Dealers reported no Yangtite
interest. The pos- consulter
sibility of st:ke at Firestone
on Friday held buyers off.
In the spot market No 1 Rss wore, quoted at 23% cents, a lb. Future closings were:
Hep1.
Dec.
Mor.
Hav July
23.50
23.01-03
23.99
24.00 21.00 24.03
I
LONDON MARKET
London, Aug. 11. The rubber market was very Blendy with No. 1 Rss got gupted at 2015 pence par 15, Priect:
No. 1 spot Rand 20-2014
Selijement houre term: Begt.
20-2014
20-20
DTS-20
1915-20.
Oulars markets, vil baala porta:
Og-/Dec.
Apr./June July/Bepi.
Sept.
Det..
Erials arepa, thick,-
thin
Aliled....
7.10
202, 16.79 shown serious weakness sihco
5.70 4.1219 4.1745 1230 6 4.10 7034 20
LONDON STOCK MARKET
the
beginning of this month, entalling bankrupteles
of firms of
na well as the discharge workers.
The Indo-China truce has in- creased hopes among Japanese industrialists and traders for larger trade with the Soviet Union and Communist China.
Negotiations are now in pro London, Aug. 11. Stock markets had an almost
Riss for turk 80-million-dollar exhausting day in handling the barter of Russian, raw materials country-wide demand for shares. including copt, limber, Janet
to
vanced,
while 700 ad
The New York Stock Exchange unnd volume was $4,840,000.
The American Block Exchanga volume was 030,000 shares.
Dow Jones closing averages were 34. industrials
utilities stocka
40 banda
-
119.6
181.2
Comm. future periled Prem CHICAGO GRAIN PRICES
Chicage, Aug. 11 Prices per bushel in omta
Stocks of many important canton, and petroleum for Japanese cerns are in very short supply repairing and building of Soviet and dealers whose function i
ships over the next two yearF, Trade with Communist Ching is to furnish, os, many shares as
has shown a marked increase in the buyer demands have mark up rices in order to coax the past few months, due to in-whgas, Nm, 2. rud sellors to furnish the needed croneed exports of Japanese Spot
textiles, fertilisers, and medical sept 218(31) 200%11) supply,
But the strain is a technical supplies and also to a growing Dee
Chinezo one and not an ideological one: Japanese interest in All signs confim that the bullrice-Ching Mail Special. market is unquestioned.
British
Government issues
5515/18 were strong, securing rises of New York Sugar
and
Market
May Con, Ng YUPW
Stat
May
Begt.
5 shillings and 7 shillings. but sellers
came in price, AMSTERDAM MARKET. Just before the close and lower-
New York, Aug. 11. War Loans gained 072900Amsterdam, Aug. I ed prices.
World No. 4 rugar futures sept. and Old Consols' Rubber market was quiet to- 5/16
:
closed today unchanged to D 47.20 day. Pripes closed today In Dalton" .
guilders per kilogram, CIF, Among "Industriala" - paper paint lower with sales of of Sept, as follows:
shares were very strong with contracts.
Come Homestic No. à No. 1 rubber fee, 1.83 buyers gains of 2 shilling 7 pence -No. # rubber
1.93 buvère Woolworths 1 shilling. Vickers futures remained quiet will n No. 3 rubber 1.99 buyers
and No. 1, Crepe Mühlled Free, 12k Büyare
mouth besis, brokers reported.";
**Ciza" 30, £ood/fujly/good. 41.00
Ashmasini, good/zulily/good. 90.30.) Amerkan midding.
10/10th .' (nich
small
4911
Wil
Mexican middung i-llás” incis" 32.0 Indian and Pakistan, soW÷
2.00
Eined NT Bund
have to deal with a a number of
with tha
ore now building nearly twice "There stood out the faath sources of supply rather then at
of Agure Dn
Pravda commented,
criminal,"
In the
Mr.
tha
Inveterato dovom Seed'
as much shipping as the Unitou some Sjales
Tivé zlúpy can be built on the and stressed the fact that the the services which New York Continent for the price of four death senterice, was findl and not
In
le countrys ja pillinated nibject to appont
dealers in patural rubber equipped to sondes enco And
by Mr Basil M. Mavroleah, hose M Ashkhabad, en opnestled of their many youte of exp
London And Overseas | Celmins), Dihangirov
Freighters
Küzu
Fr was sentenced, to fro she after pr devalopi
Because contracte placed hare stabbing a women to death with
inbour digit
eslimatex- edutoCHRA being bulit, for, the complo, fél already pourly £2,000,000 up on the original rohtinét, price
Khite blows.
Sin Azerbaigh, the
lentenest to deaths för röbbl and killing the headmaster öf-
school.
SAO PAULO
New York Foreign Exchange
Rypanon-while' a
sugar
"gained-67 pekee. | business mostly 'on a hand-to-
startedly Merig, but Ing pot
petored out. "Anglo-Iranian
Futuri plosings
amung pence to 317 Serie
shillings: 6 pande ? Chart were down r
Contract No. 4 {wp
The Mary
Wowoderately March
gydept Royal Dutch," up
dipsting United Frees,
Exobanto? Rates
to y
July
Орет
(1
London Foreign Exchange