QUEEN INSPECTING RAIF, GUARD of Honour
>
THE CHINA MAIL, FRIDAY, AUGUST. 20,* 1954.
The Queen paid a three-day private visit to Sir Richard and Lady Sykes' stud farm at Siedmere, bear Driffield, Yorkshire. The Queen Bew from London in a Vihig plane to Drif- Held R.A.F. Station and is seen here Inspecting the Guard of Honour at the airfield on seriya). Her Majesty wears a dove grey nuit of lightweight worsted, grey blouse, black suede leather shock and a grey close-filling fat-Express Photo.
Pretenders
And
Exiles
Will Join Monarchs
On
Luxury Cruise
Athens, Aug. 19.
King Paul and Queen Frederika of the Hellenes are to entertain 94 Royal guests on a cruise round the Greek islands from August 22 to September 2.
During the cruise, the Royal guests will visit well-known Greek archaeological sites, bathe on beautiful, remote island beaches, taste delicious Creek food, ride over island peaks on muleback, see local peasant dances led by Queen Frederika, and finally relax in a family atmosphere without the usual court etiquette.
successively the island
King Paul and Queen Fre- | via derika will receive their royal | Crete, guests at Naples, in Italy, on falder
with the 3,000-year-old of King Minos a!
with
the morning of Sunday, August Knossos; the islands of Thern; 22,
where they will arrive on Rhotes,
the same day aboard the Greek:
115
with
tenves, fried pumpkins with garlic sauce, aubergines stuffed and cookedt in oll of course, Buckling lamb roast on the spit. medieval
Fish dishes will include frlei Mykonos castles;
#ts
mussels and octopus, and tasty. whitewashed PARLONS
wind-
the Mediter- will milis on!
churches red muller from PAUL MI
ranean, as well as huge lobsters on Delon, the ancient thesaurus of
ilshed off the rocky Aegean 20-knots the Athenians: Skiathos. Greek luxury finer Agamanon | puted for its
"best-in-the-lands. world" lobsters; the famous
destroyer Navarшon.
The Greek royal party
quests,
from tons
thers embark their
th: 5,500
for an
tal
11-dny
cruise of
the
Every evening there will be
Greek islands and archaeologie beach shaded by chestnut trees after a cinema show on
siter. Court circles in Athens have announced that the guests of the King and Queen of Greece will include:
Queen Juttana and Prince Bernhard of Holland and two of their daughters: ex-King Umberto and Queen Maria-Jase of Italy acemmpouted by their
daughter. Gluvanna and how
NOR
Lon
central
and
a Valtoudi, if the Greek harbour of Voles: anally, in August 30, Sunion,
of the ancient temple site
al Poseidon, not fur from Athens,
A full day will be spent Athens visiting the temple
The upper deck of the Agamem-
וכות
The Agamemnon, which was built in ftaly in 1953, is fully equipped with bling piloting ap- paratus and curries n 26-mile range British-made radar,
While on beart, the royal gueste have been asked til 10 öbrezve etiquette. The King has, hrwever,
asked the gentlemen
isi udopt
Tu
fl special drem for of evening parties which consiste of Bulgarin: ex-King Michael
white open and Queen Marime of Rumonia: the Partenon on the Akropels of: black trousers,
and the archaeological museums.eck. short sleeve shirts and Don Juan, Duke of Barcelona.
black cummerbund. Then the rugat pity will om- Pretender to the Throne of bark again in the Agamennon, Spain and his family; the Count
The Corinth in pussing through Pretender Paris, ย
the ennal by night.
arriving and and his family:
It On August 11
small Luxembourg harbour close the shered and his family: Prince Charles city of Delphi. บ
nt French iltrone Prince John of
of Luxembourg:
10
to
The Queen has told ladies that they may wear anything they like but that in order to "Tall In with local customı," they should not wear bikini costumes and Blacks A day will be bothing
when shore. Princess spent visiting
Delphi, onetime
Furthermore, Elizabeth of Yugoslavia: Prince hare
the King and famous tho
arnele Albrecht
100 | Queen have asked their guests the Pythia, Davorin:
which advised The
hot to bring children under 15. Prince of Baden and his wife, ancient world on all matters, Princess Margaret;
the
"We do not feel that it would four Including strategy and politics,
be pleasant to be in n floating brothers of Queen Frederika of The final day of the cruise, nursery," they said. Greece, princes of Hanover, and will be spent on the island of
Corfu. many others.
after which the royal return to Naples
of
or
The invitation
party
of
Will
and disperse on September 2,
The Greek Royal family will return to Greece from Naples
Princess
Irene of Greece,
TRADE
HONGKONG STOCK EXCHANGE
LAND SALE RUMOURS SEND PRICES UP
By A Special Correspondent
With the present boom prices for land in the Colony the various land sale rumours flying around the Hongkong Stock Exchange have been adding millions of dollars to the values of a number of shares in recent weeks.
I've heard the names of at least three companies mentioned in recent land sale rumours including Hongkong Hotels, Hongkong Docks and now, Hongkong Rope.
month.
WATSON'S SHOCK
Brokers believe Ropes have sold some land in West Point but the company refuses to confirm the news.
Let's have a look at what the on the week and the market is rumours have done for the three obviously anticipating the an- companies I've mentioned. Go-nouncement of a new share issue Ing back to the beginning of with the interim dividend next July. Hotels were quoted around $8.85 to $8.95. Yester- day, 10,300 changed hands at an average of over $10.50. I men- Gloned last week that there is that two syndientes ? report ure competing for the Pedder I also said Hotels Street plot.
wanting were probably than the $11 million they have been repot lediy offered have hend no further BCAA
more
OMMERCE SECTION
Japs Buy PI Britain
The
Jad
."
Sugar
Tokyo. Aur. 19.
Japanese Govern.
ment annoünera today it allocated $2,300,000 for the Import of 20,000 toms of Philippine sugar on_s bitter basis,
The decision 10 btly Phillpplhé mitar was made after failure of negotiating a trade pact with Cuba. It is also the first time that Japan, will buy sugar from the Philippthre since the war.--United Prekt,
A Page
Voluntarily Repaying Dollars
To International Fund
By SYDNEY GAMPELL,
(Router's Financial Editor)
London, Aug. 19. The Treasury announced that Britain this month is voluntarily repaying the remaining 112
NEW YORK million dollars of the 300 million dollars that it
STOCK
MARKET
drew from the International Monetary Fund in 1947 and 1948.
The original 300 million dollars has since been increased by interest four million dollars but reduced by 192 million dollars of drawings of sterling from the IMF by third countries, namely, the Netherland, Brazil, Japan and Turkey.
The voluntary repayment uf the balance of 112 million dollars restores Britain's initial position
The Treasury remarks that Britain was under no obligation to repay any of the 112 million
World Cotton Markets
New York, Aug. 19. "Blue chip" Industriala and leading alreraft lasues lifted stocks to new quarter in the Fund. century highs today with [gains which ranged to more What happened to Watsons? than 3 points before attract- Why did they suddenly jumping profit-taking,
dolinis and the Fund has not from $16.60 to $18.20? The
made any representations but slightly Industrials at the day's best in view of the continuet brokers know seem
New York, Aug. 19, paraled. Ei singa
2 points strength of sterling and of the Hedge selling and technical to be fair but not proporca; averaged more thon
higher. The closing gain was progress made in payment of realising in cotton futures fo- 1.38, still sufficient to lift the other forms of debt it did not day halted recent realising average to a new top since Oct. seem appropriate that the debt | tendencies. 14, 1929.
to the Fund should remain out- In qulet dealings, prices standing Indenitely and Britzlu dropped back Irregularly 10 Aircrafts touched off the
therefore decided to repay it. show losses up to 50 cents advance with early strength
bale before the market levelled which ifted Boeing more than
OTREN COUNTRIES
off again. 3 points, Dougins Alreraft more
At the close the list ruled 5 Ailitda ensech
2. While tho
other Late slightly than back
sterling Ropes: Yesterday buyers this week after hitting
Improvement, countries which had drawn on to 10 points lower. The market what realising
pared
Fund wero South Africa,
2 to 6 points. New were offering $17.30. Last appears to be their temporary closing gains still were sizable.
closed of 4 to 6 points. North
Oricana Thursday buyers
Yesterday they were $13.30 frit of $4.30.
India, South Africa American Aviation Australia,
Crop news continued mostly and they've been selling this sold at $4.225. Wheelocks were stood cut with a 2% point rise. repaid fully (10 million dollars
with
private Australia and Iniin unfavourable, weck at over $17.
erratic. Yesterday they started Boeing was up almost 2 points. at $7.35, hit $7.55 and
lack of came Republie, Douglas, Lockheed, have partially repaid during the advices stressing the
moisture with witting, shedding back ten conty later to end up
Glenn Martin each were up last nine months.
and all square on the week.
premature around a point.
But tradera
slow
this week.
Hongkong Decks: These share have risen $2.30 on the week to $21.80 and $3.30 since August
6.
A cynic might fee
those rumours are just convenient whips to flog an otherwise duli and uninteresting market. True
is quiet. the market
There's nothing much doing in inter- national politics, there are the same old dividends, so what about boosting the market with
On Jand sale rumours?
the whole, however, think it reasonable to assume that these reaso
do persistent rumours
have some basis of fact, that they're i not merely the fignent of some idle broker's Imagination!
OVER A MILLION
Er They've been dull for some time and now suddenly they're basking In
In the limelight. As broker said: "There's nothing much else in the market at the moment so somebody's probably just looking for a new horse to back."
one
Yes, it's been fairly quiet on the whole this week.
TODAY'S SHARE PRICES
of
the
The
in 1981.
area
Bu
A
of
the
now
opening The other debt repayments to bolia, Bethlehem Steel held point
gain. Re- which the Treasury refers are
thought carly an
wider
ascent to was up 1% points and doublers the consolidation of recent publie watered white of the sterling balances cince the seasonal"
deferred highs for
discounted the 2.4 points.
Sicel, off devaluation of sterling to 1949 positions had Inland
at one time,
and the around 2 points
consolidation of
and crop of Britain's weather
news for EPU debt since July 1 this year. the
the time being. Dullness in the Anished only 3 lower.
Obviously today's move
and the was textile market,
glov Chrysler, a market fenture
for spot cotton, with a gain of more come contingent bearing on the mill demand yesterday
now buying foll point question of convertibility since ples handicapped then
2 points. today. Packard stock rose to it disencumbers all of Britain's Interest, $12%
day of 1,300 million dollars drawing second "when issue" trading. The old rights from the Fund.
in
Its
open
volumes and
the Exchange to-
Volume
Open interest
14,000
273,000
30.000
$60,300
24.000
401,300
28,200
412,500
10.800
100.700
2,300 100
$7,300
5,000
123,300...2,000,100 boles
Trading interests in day were: Studebaker dipped 4. Packard
Convertibility is In abeyance Month held unchanged
Oct. Britain has while
seasonal Dec. Rails generally were loggards, (From Our Correspondent) This week business has been
with most off a few cents on the casiness of sterling and while Mor Germany and France both have May fairly active with the turnover
point, up at
July passing the million mark Business done on the Hong-day. Santa Fe,
Oct. and Texas Pacific 1% higher, more press concerns.
But eventually Britain and Der inost days. Banks have climbeď Kong Sterk Exchange this morn-had the only sizable gains.
to $522,047.50, with the London Nom quotationis and tro morn- $1,720
Trading was
active other EPU countries expect the at less nominal rate at £99% but they
pace than in recent sessions, Fund's resources to be Important -NEW YORK PRICES Ing's transactions: dropped back to $1.715 yester
The turnover totalling 2,320,000 in the, convertibility drive. They Prices of cotton futures torny day. Unions at 3910 ($25 higher | SHARES DUYERS SELLERS SALES shores, compared with 2,300,000 have probably already lind in closer as follows: on the week) ure now at on
yesterday,
forma) discussions with the The American Stock Exchange | Fund. --Reuter. all-time high.
volume was 030,000 shares,
to
on
amounted ing
DANKS
HK Bank East Asia INSURANCES
Union SILIPPING
Waterbot
1710 1720 20 1735
180
110
020
20.40
400 711
000 or 71
Asla Nav. DOCKS, ETC.
K. Whort
ปี
Dock
Provident (Okt) Whoclock
Wharves have again been in tieinand this wook and closed ni $74 sellers yesterady. Earlier this week the sale prices climb- ed from $70% to 672%. Docks on the week and are $2.30
Providents Chino
aro
Impossible dullar to $13.00. It is
reason to give any particular for this rise in the wharves group. They will come into pro minente moto and more ns the agitation grows for the relaxa- tion of the embargo an trade Mr with Communist China, Attlee's visit is probably con- UTILITIES tributing to the feeling prevalent at the moment that Sino-British relations are fast, reaching stage where the easing of the embargo will have to be con. sidered.
$ 1900 à 23.80
19.00 45,00
DOW JONES AVERAQES
New York, Aug. 19. Dow Jones closing averages on Wall Street
as today were follows:
500 of 21.70 30 industrials
GOO 13.60
.. 7.48 73% 2000 7.45 1000 12 7,40
LAND, ETC.
I fotel, 10,30 10.00 2000 # 10.40
00 CI UK Land Sa and
Humphrey Itently
Trun
the
Star Ferry .. Imati Ferry
Landis on the whole have aboard the destroyer Navarinon,
been firm. Humphreys wart Sixty year old Ponnyotls who is 13, will be the youngest quite active this week but the to ex-King
and
his Patsis,
French-speaking person on board while King share
Paul's uncle, Prince George, awkward "stawolf who is Captain the
who is over 60, will be the oldest.
Umberto of Italy family raised question
the
in confident
to the Agamemnon, of how he was join the cruise without setting that this royal holiday will be foot on Italian soil-which he the "merriest party ever."
is not allowed to do.
The problem has been solved by arranging for his party to
from
the
"Every member of my
will presonally crew, ihis," he declare!.
100
See
to
statement
price
1.53 10.40 19.45 2300 a 19.30
22.17 2000
2.13
10,03
133
21 Balle
15 61tles
#muck-
40 bonds
World Rubber
Markets
Singapore. Aug. 19.
The market opened steady on
140.49
139.59
01.15
131.00 102,32
take. There
17742 better overseas nulvices and off- -Etuited Pro.
WBK som? trade
buying
fluctuated narrowly
Codm, fature price index
New York Sugar the dat
Market
nud the market
throughout
33.15m 54.12
* 334.43-44
24.07
34.00
24.30
Spat.
Diet.
Dec:
Mor.
May
July
Oct.
Dec.
NEW ORLEANS PRICKS
Prices of collon 'futures closed
today as follows:-
Spot
OM.
Dru
Star.
May
July
Oct.
Bee.
#4.49
34.08
LIVERPOOL PRICES
Closing prices, American but cased nightly to middling cotton, 15/10 inch, to
wards the close. closings:
No. 1 rubber per 1.
Rept.
19.70 200 150
$58 493 100 C. Light (0) 15 10.10 1500 qr 15 C. Light (N) 14.0 13.10 10054 19 Fistrie
33 33 1250 & 30% Toptome
27.40 INDUSTRIALS
day closed unchanged to 2 points No 2 rubber per thent.23.30 20.00 400 21 higher with sales of 80 contracts. No, 3 rubber per jis
Sept.
Itape has not chapped STORES.
Dairy Waskort COTTONA
Textiles MISCELLANEOUS
11.20
26,70 2200
7 1000 5.00 Alllect 4.18 4.92% 2000
4.00
very much.
With the exception of Yaumatis, Utilities have been quietly steady. In the case of Youmatis, they have
Yongisze says that the
th
risen 30
CHICAGO GRAIN PRICES
Chicago, Aug, 19, Prices per bushel in cents:
New York, Aut. 10. World No. 4 sustor futures to-
Oci.
Nov,
Future
22.00
pence per fb., were as follows:
Oct/Nov.
31.03
Dee./Jan.
NADA
08-13/15-07-1/10 03-13/16-07-3/16
ungrioted
40%-647%
0014+00!s
Mar/Apr.
May/June
July/Aug.
51.00
Official values for pot buttons,
Include:
American middling
10/10th the 32.97
Domestic No. 6 sugar futures
Sept. 1000 24.60
per tb. closed unchanged to 2 points No. 4 rubber í
Sept.MAKANA higher with sales of 300 con- Apot rubber untaled 1000 23.60 tracts.
Blanket crepe
0414-04-4 No. 1 pate crepe 2012-0112
NEW YORK MARKET
New York, Aug. 19. advices Rubber futures today closed Suger Institute 13 to 18 points lower with sales
segregation of
World futures ruled steady on 0.00 chart covering as hidge selling
and liquidation abated.
Part of the 4.23
coupled that the had
Having
w29
London Foreign 350,000 tons of retained Cuben
off of 24 contracts,
Exchange
Amsterdam
blocked Mark Hamburg
"Closing | New York i..............
Prices
Montreal
Wheat, No. 2, red
Spot
214kan
Sep, 213) 215(E)"
Dec.
2104-1
Mor. May
An authoritative issued in Athens, royal cruise hos "no political purpose whatsoever." The King be trans-shipped on August 22 One hundred and Afty first and Queen of the Hellenes are
liner in which they class, air-conditioned cabins of
just trying to offer members of to the the 407-berth Agamemnon will pre travelling to Naples
royal familica In Europe be at the disposal of the royal whom Greek liner Agamemnon.
they are related, Neither he nor his family will guests. Royal couples will have pleasant holiday. thus set foot on Italian soil,
two-berth luxury cabins on the
deck, provided with The expenses of the cruise, The route to be followed by upper
private bathroom
sitting which, it is estimated, will and the Agamemnon has been drawn
room.
amount to about £1,000 a day, up by King Paul himself. The
Three well stocked bars, and | are being paid for largely by i Agamemnon will travel cnily
air cinema, a full size doad man, Mr Eugene Eugenides, open during the night. Tilo day will be used
Jazz band, threo drawing rooms who was one of Greece's richest by the royal guests adorned with Cretan frescoes, shipowners and
Prezident of for sight-seeing
sen- and swimming pool paved with the Swedish Homeline. While on bathing."
lapis lazuli, will be avaliable visit to Greece last year, Mr Corn, No. 2, yellow From Naples, the Agamemnon for the amusement of the guests Eugenides (who died on April will mail to the island of Corfu, while on board.
Queen Fre- 32 last) handed the most northerly of the
dorika a cheque for £10,000 to Dec. Ionian Islands, where the rogni
be used as the thought fit for Mar. party will visit the palace
the promotion of tourism
in May Greece.
thelinor The owner, 'Agamemnon's maitre Agamemnon, Mr Petros Nomikos, Sept
that is reported to be bearing the d'hotells fully confident
and
: of
The
of
Bpot Fett
Ryo
Dec.
Achileton, form, and bathe formerly owned by Kalzer from one of the famous sand berches
peeches of Corfu.
The Arkhamnon will thich the 62 waiters and 18 stan at remainder of the cost. His cónty, | Dais
to Katakolon, a harbour on the ship's galley, under a including profts, lost by the Lowest Peloponeze coast, specially engaged chef, Tantis non-operation of the ship for Sept. whence
.conches will take the Mourikis, who at one time was cortmorelal pirposés duting royal guests to:
to Olympia, biriä!
place
A
Mă a cook at the Palace, will be those eleven days, are estimated | kdyboško. No, z, yellow of the Olympic games, able to cope succesehilly with at around £7,000. In addition King Paul himself will act fooding arrangements.
to the daily estimated cost of Spot guide
at the varloud The Queen has asked for archavological sites to be visit. special, Lypical Greek dishes to Tourist **onicals in "Creece Nov. ed., He is doing, this because he be served...” in the dining room believe thất thé cruise yli próst fac Zoola, gute that tile gueria will inkwell na the French ®, dishes vidé de tremendous filigH TOKĮ KAY top glad to be exclusa #Die unually servóc th the “24,gament?
tourism b
lam Both in Kurgs" and botsdóm Organometar | non/gine difz. L' therefore pike the United States and they hope mod
7) paring to ötter tha torkitused" for a greatly increased, dów at much traditional, Greck dishonmasi vinitors from abroad as a result Oympia, the ARABIEDEN War, mingad, meat, wrapped in vine of China: Mail: Speciál
New York Dour-
107
107% 13815
Krusneda- Copenhagen
Stockholm Zurich 24.7
Olkers Prose.
London, Aug. 15,
world quota sugars to bols.cr The terminal market ensed world prices. Any unsold por- after a steady opening, while tion of this segregated suger traders awaited further develop
the would become free quota sugarments in
Akorn strike. Meanwhile most of the business
1813/16-281 5/10 | méxt Jou that such a carryover | Wolm in the intra-dealer, awlithe
37739/16-3.734
10,81%–19.01 ti
122-12 13/10 31.73-19.721 13030-139,921
29.4115 105N
in
Mexican middling
ath inch 30.12
1-1/22nd Inch 32.15
Others were imchanged.
BAO PAULO PRICES Prices of cotton futures closed today in cruzeiros per klin as follows:
Oct.
Dec.
Mar.
May July
20.00
277,00
227,35
20.10
20.30
United Press.
NEW HIGH GOLD
PRICE
London, Aug. 19.
Price of gold, was omelally Axed at 249 Thillings and three- Dušiness telurned in the spat pence per fine ounce the torn market; although the underlone ing, which is a new high level, was steady at 23 cents a pounding in the sterling-dollar
"This reflects a further wenken-..
Tate for No. 1 Rss slients. ì. Future closings were:
In
order would not affect the size of the ind operations involving 1988 Cuban crop, it was said the December-March and March- Institute recommended extension May deliverity, of the time for liquidation of Cuba's stabilisation · réservo the US market from 1987 to These reserves word segregated from the 1952 crop and are being sold in the US market at the rate of 360,000 tons a year.
1301-1451 19.04.2011⁄2- unchanged.—United 1938.. Were
New York Foreign Exchange
New York, Aug. 19.
unofficial
20h fullires
change Rates
done" in the Trient
matthi.
Dealers alsó reported that Burma bought about 8,000 tons of refined sugar from the United Kingdom, Future, closings:
∙Conirsef - No. 1 (warld)","
2.100
September December
„Mitch Vi
May
September
LONDON MARKET
London, Aug. 19. Tho rubber market, was very stendy with No. 1:Ras quoted at 2014 porice persib. " Prices:
Bettlement, house, termi
为您
yesterday.
Demand was reported to be di? a large scale, and rome quarters, kre expecting the price 15 RO?
still, higher, at
Yesterday's price was fixed at 249 shillings and halfpenny during, the morning, but climbed to 249 ahlilings and twopońco during the afternen--Rauler.
LONDON SILVER PRICES
London, Augu
price of silver, was quoted
$4* partico