THE CHINA MAIL, MONDAY, AUGUST 23, 1954.
Canadian Choir At Westminster Abbey
MMERCE
For the first time in the history of Westminster Abbey-3 Commonwealth Choir takes f an all- over the singing of the Sunday and Daily Services until the end of August. inale choir from St George's Cathedral, Kingston, Ontario, Invited to London by the Dean and The Chapter of Westminster at the suggestion of Sir William Mckio, the Abbey organist. choir, (10 men and 24 boys), will take the place of the regular Abbey Cuir, some of whose members will be on holiday, Express Photo
NEW PARTY CAUSES POLITICAL STORM
IN KENYA
COLONY
Nairobi, Aug. 22.
Tropical storms are not unknown in these parts, but it is formation of Kenya's newest pon one in recent years to rival in loader, Mr Michael Blundell, ancal storm raised by the recent doubtful whether there has beelitical party by the European intensity and clatter the politid five of his colleagues.
The reaction to the formation of the United Country party, pledged to the furtherance of multi-racial government and having the declared objective of inviting Asians and Africans to join its ranks at an unspecified date in the future, has been noisy and confusing.
jared. To talk of preserving behind epresent the reality of power
apparent concessions to a multi- rett ident is just hypocritical nonsense."
Almost 1:31 the European European Elected Members voters in this colony, now in its Mr Norman Harris, twenty-secondi monti ofing Nairobi constituency, Mr #truggle bgains! Mau Mau George Usher (Member for the terrorism, have, at one stroke, Copsi), Mr W. E. Crosrkill, been plunged into another war, (Member for Mau), and Mrs this time on the political frunt. Agnes Shaw (Member for And this "war." in
first Nyanza). its phases, appears to be every bit Since then, these six European; as bitter as the battle of bullets, politicians have been the centre bombs and idens agulost
a political "torm which some Mau.
obanver, Fere believe may s
the next general Mr Blundell, who has domin, until after aled European opinion outsulertection in the colony, probably the Government
Mau
for the past. 1956.
two years, is now being assail-j
ed for his decision to create an entirely new peiition) fo: um
here.
There
of
"
Now
i
Directly opposed to the United Country party, the Federal In- dependence party has recently proclaimed three-point plot- form, in which they asked the "Do You Europeun voters: Believe In-(7) the Security of European Rights? (2) The re- moval of Colonial Oflee control aver the white areas of Kenya? (3) progressive advance- and
all on the Western
Federal Independence
for
altern The
last
the
Yet another European Elected Member, Group Captain L. R. Briggs, from Mount Kenya con-
sutuency,
has condemned
Anglo-Japanese Trade NEW YORK
STERLING AREA PROBLEMS WILL BE DISCUSSED
From Our Own Correspondent
London, Aug: 21. Problems of Japan's trade with the sterling area will be discussed at three separate conferences in the next few months.
The first will be a meeting in London in the early part of next month between British and Japanese trade experts to discuss the operation to date of the sterling payments agreement.
This will be followed a month later in Geneva by the ninth sessional meeting of GATT at which one of the chief topics will be Japan's request for full membership of "the tariff club.”
The scene will then shift back million "in the red" in is therefore, that she still opposes: to London for further 13ks be- sterling trade. There were two | Japan's entry Into GATT, tween British and Japanese ways
Alcials concerning the renewal the payments agreement which is due to expire at the
ut
ent of the year.
There conferences will be held DRABAL a background of deepening cronomic crisla in Japan. For the Japanese, as well as the British, "export or die" not so much a slogan
10
1s
German Motor
Assembly Plant For Mexico
of
Meklos City, Aur. 32. Banker - Industrialist Miriel E. Abed reported today the Mercedes Ben Automobile Company Germany would establish large assembly plant in Mexico early next year.
Abed sald the plant would produce
STOCK MARKET
New York, Aug. 22. Industrini sharos led stocks to around their best levels in nearly a quarter. century during the pnat week.
}
The trading' volume declined sharply, however, and the total for the wetk at 12,473,391 shores was dowir more than 1,000,000 sharca from a week ago. Dally average sales totalled 2,454,878 low-priced
shares,
ogdinst an. average of 2,700,982 shares Inst week.
cars, buses and trucks. It employ Alexican workers and German technicians, and be financed Jointly with Mexican and German capital. -- United Preas.
.
HONGKONG
STOCK EXCHANGE
of balancing the account Nevertheless, Japan will prob- Japan could be given the oppor- ably gain sufficient support at tunity to increase its sterling Geneva in October to ensure earnings sumciently to enable it full membership Then unless
(From Our Correspondent) to maintain its imports from the British policy took a remarkable sterling area at the prevailing and quite unexpected turn Business done on the Hong. arate of over £200 million a Britain would exercise her keng Stock Exchange this mean
year-or Japan could cut her right to withhold formal "most
Dating
amounici sterling purchases by half: favoured
to $470,016.90. Nech quotation and 100 Japan.
morning's transcetions; SHARES BUYERS SELLERS SALES BANKS
BUSTAIN INDUSTRIES
3
nation" rights from
But with Japan in GATT Is a grim reality But though Nelther side wanted to adopt movement In Britain which the similarity of their problems the latter course. Japan needed opposes British membership on Incliner the British Government sterling.. JAW materials to the grounds it inhibits free sympathise in Japan's dim- sustain its industries. Britain netlon on tariffs to keep Imports culties the fact remains that wonted a balance of trade, at the cut of Britain and the colonies Britain and Japan tre bitter highest possible level. In the rivals lo trade.
when they threaten domestic event Britain established
quotas home market of an industries would gather strength. tho Vaditional £3 millions worth at 40s would not suit the Govern-
of ment which firmly believes LAND, ETC.
ELF INTEREST
It is self interest, therefore, and not sympathy that deter- Japanese goods and at the same there are strong advantages for mines the British policy on time told the colonies that they Britain's commercial interest In trade with Japan. The difficulty could henceforth buy up their
to be sure where the self full requirements of Japanese membership of GATT.
"What to do about Japan" is goods. Japan on her part pro- therefore the interest lies.
prime question As a major exporting country mised to maintain its purchases facing British commercial polley Britain's interest is clear. It is from the colonies at the
then makers.
And the deadline for to win markets from Japan-or current rate.
producing an answer is Decem- | But as the head of
This agreement was severely ber 31 when the current Anglo- anyone else, the sterling area she cannot celticised in Britain-specialy Japanese payments agreement afford to keep Japan short of
by the Lancashire cotton In- expires. cans to buy from the
dustry. Yet if the agreement: Commonwealth.
has failed to achieve the desired
year
in
It was thin-inter-considera-high level-of-balanced trade it tion which prevailed earlier this is moti because it has resulted in when Britain made. major a repurgence of large-scale concessions to Japan, to enable. Jubaltese a compalition the It to increase its exports both to colonial fmarkets. It is because Britain itself and to the colonial even now Japan cannot export
Japan Was £100 enough to the sterling area. markete.
PAYMENTS BALANCED
World Rubber
Markets
World Cotton in fast, balanced in the first half week coupled with an air of
Markets
Her
Crop deterioration complain's imports from the area glum seas demand and the rather un-
May
part
many sections of the belt of partly a reflection of Japan's wilting, shedding and premature internal difficulties.
the
#
adda
on
Un-
It was the 27th weekly rise of the year for the Industrials which closed at 350.38, highest since Oct. 14, 1920.
Railroad issues had their ups and downa, but they managed to close with a gain of 78 cents at an average of 120.25,, only a few cents away from their best levels rince July 6, 1030. Utilities finished at 81.58, also highest since July 6, 1931, and up 0.37 from the previous week.
MOTOR SHANES ́ ́
Motor shares met demand from time to time. Some mem- bers of the mercantile section were bit up.
Among the list of special Irzuca move ahead there were two lines of buying-Investment. and speculative,
On Thursday the investment demand increased under the leadership of such aristocrata ns 10 1715 Du Pont, General Motors, Proter.
and Gamble and US Steel.
IK Bank DOCKS, ETC.
K. Whort... Dock Wheelock
1710
70 72 200 71 2115
2.45 2.00 3000 47 714
JC Motor
#K Loud Humphreys. Healty ...
UTILITIES
Tram Star Ferry Ysumat! C Light C. Light Electric
21.40 11 0100 11.10
1000 11.20
1600 à 11.3)
1000
1140
1700 11.30 2000 # 11,00 on at 500 & co 10.30 10.40 2.10 2.8735
14.00
(N) 12,00 13.20
25.40 23.70 17 17.00
Macso Elec. 11.10 Telephone... 20.00
INDUSTJUALS
Uzment Hope..
STONES, ETC.
Dalry
23.40 25.50 ..... 27.00.
000
The merger of Studebniter and Packard was consummated": but it failed to generate big. demand for those stocks.
Steel shares closed the week irregular.
Standard OU (N.J.) featured Its department with à rise of more than five points. Chemicals rose under the leadership of Du Pont which gained 5 points.
Altogether there were 531 · declines out of the 1,444 Issues 12.00 | traded, gainers numbered 720 Issues. There were 184 | Issues unchanged.—United Press,
700 7 18
COTTONS
Textile Corp 0.55 7 2000 or 7
MISCELLANEOUS
Allied
Exchange Rates
businen was done iri the, local, unofficial Exchange' market moning, at: the following ratess VS. dollar, (per #1)_. Sterling notew⋅ (per &1)
Indonesian rupiah (per 100) Slam leela (Der 100) Streapore (Siraits).
DIALE 4.15 4.30 8003 @ 4.25)) Indo-China piastros (per 100)
London
Still
Markets Above
Season Levels
From Our Own Correspondent
London, Aug. 22. The London Stock Exchange took on a more seasonable look last week and prices in both gilt- edged and industrial markets lost a little off the top.
of the wing the crop picture and imports. According to a spokes- shipment are again on the short 15,600 the week before. But they were stiil well
formation of the United Country party, describing the sponsors move as "unstatesmanlike which can only lead to diversion effort from the Emergency party politics."
to
Man
Singapore, Aug. 22.
Watson The Singapore rubber maritet Jan's sterilng payracate ware, has A fairly .active trading
of this year. But only because great
said the uncertainty, Japan cut down drastically on weekly market report of the Any accurate assessment
is imports from the sterling rubber brokering firm of Holl- of Keuyn's 42,000 party claims that it is pledged
area. Compared with the the Emergency, the oplnilor
first day Cutler Bath and Company Throughout
towards the have bern Europeans European
six months of 1953 its exports Limited. polities
to split with his fellow Euro- is still groups United Country party confused, with fue:tons,
£15 pesins
the On
Legislative
to the area increased by
The report says slacking over- for impossible, although its sponsors Counell
"Lyttelton
New York, Aug. 22.
million to when vying
The
£00 million. and spiläter-groups
claim that the initial response Plan" and supporters. recognition
WBG introduced
expected news that the workers Over all, acting as en umbroth, has been good.
March. But Mr Slude Imself has gave the cotton futures market £50 million to £60 million. of a second big American rub- Whether the the Electors Union,
United Country not responded has stood
to this
support
The big lift this week.
is likely ber manufacturer had gone position morcover purty is going to command the and since the formation of the Gains exceeding $2 a bale to deteriorat: in the eccend halt strike brought prices to a low on organisation with the almost
task of impossible
unifying support of The majority
WUTE of United Country party, has de- chalked up before the ef the ye when Japan bami ebb. Apprehension on the part European thought and support European electors ur pol In clured himself against the marked levelled off under hedge tɔ make heavy sasonal pur- of operators became apparent as alected Buro- the future remains to be seen, formation of all political parties telling and realising. All deli-phaser of sterling foodstuffs end certainty as to when the strike
it was realised that the lng and guiding
on representatives
the but there is no doubt that in Kenya at the moment.
troin veries pean
forward iw ma'trials.
real Colony's Legislative Council. has split European thinking. On the declared aim of
would end formed a very touched new seasonal highs, Why has the agreement failed
the The first attack bc-
danger, The stresses and strains
on the new United Country party to foster Conceding about half of the in its primary purpose?
The Potential
report tween varying political groups, party, came from one of Mr a multi-racial government, Mr gain, the list, at Friday's close answer 15 partly that tha ostensibly united in the Electors Blundell's former colleagues in Stade has declared unequivocal- ruled up 7 to 23 points-35 cen's colonies, though
A report early in the week now I:to 10 Union, grew as each month of the Elected Members Organisa- ly: disagree with any pro-to $1.1 a bale higher than the Import all they want from that strike talks might be re- the Emergency passed. When tion.
posals for the permanent estab- Preceding
week.
Упраль for most
sumed in New York and coupled the then Colonial Secretary, Mr Within 48 hours, Colonel S. ishment or development of the
nunny weather discriminate against Jar with renewed oversens demand,
| they Oliver Lyttelton, produced his G. Gherale, who represents one constitution of Kenya on the brought in complaints from encse goods. But it is also the European continental coun- and particularly from London plan for multi-racial government of the two Nairobi constituencies, lines of the Lyttelton Plan." for the colony last March and had declared the inunching of
tries, strength in the market im- proceeded to put it into effect, the United Country party to be
opening of balls. Without Before it can Lake full proved a little. these differences could no long- "a great mistake" and said that
JAP INTEREST cooler temperatures, and advantage of concessions granted er be concealed,
1 would
Japan split the Colony in
early arrival of genersus rains, carlier this year Japan must
has shown two. He said that the formation
rders sceled to discount the reduce
some internal costs. This interest this week mainly for of the party at this time was
Activity was on a reduced scale;`bargains in the deliberate the possibilities for a lower govern- | entails
disinflation lower sheets, the report says. presuming at too early a stage
ment crop estimate on Septem-which
wer Suppiles for the current-month's first four days of the week averaging 12,850 as against in and that was resentment
multi-racial
means lower government
urn ber squabbling among the 14 Earn- would be a success and accept
side and commanding a small above the level normally ruling at this time of the year. ̧ the elected members
abic to pean
In his to the electorale.
supply situation, statisticians of Trade Japan has faithfully premium. Legislative Council before, by a opinion, Kenya's future lay in
The United States consumption commented that with on in- carried out its promise not to
Several factors contributed to advança wast about to narrow majority, the "Lyttelton federation with Tanganyika and
bo Plan"
the decline of for titree
prices which | resumed. European the Central African Federation,
dicated crop of 12.8 million cut foreign exchange allocations for July is expected to show Mr Maconochic-Welwood, the Ministers, two Asians and one Hard on the heels of Colonel
bales, an estimated 13.7 million
Stores shares, wore the worst for sterling Imports. But Jap- decrease which is only natural, thaugh widespread was nowhere African to join the Government,
Ghersie's strictures, come those and Mr Havelock, also disapa tightening "free" supply of generally short of funds
sufferers lis the weak's declino hose fellow Minister of Mr Blundell bales for domestic and exports, anese importers, he said, wore the report adds. July is a par" very savers. from was accepted.
beticularly high month of con- another member of the
and losses were also sustained the appeared to be in the cause of
Government's sumption and the strike should]
Gilt-edged was showing signs by motor, paper So opposed were some of the European Elected Members Or proves of the new party. He cotton
and einem has declared his belief that the making after the European elected members
of boiling over just before the shares togenisation. Mr Shirley Cooks, a
crop deflationary policy and were. have had an effect on Agures. majority Europeans in Kenya the plan and do their colleagues member for the Coast, who de-
movement in completed.
therefore, unable to increase Singapore stocks at the end of close of the previous week and are "sick of politics."
the downward movement that who agreed to It,
LIVERPOOL INTERESTS
| BRIGHT FEATURES they scribed Mr Blundell ond
July showed a small increase at
Was Imports. But none of these critics of
when re the once resigned from
all- fellow
Interests were
45,807 tons compared with 41,277 |.5sumed on Liverpool pirty supporters
the new party shares and united
the same
ports of murlist Chine Elected "tbels consping to defeat the
EXPECTED REQUEST
But generally the dull seno powerful Members Organisation.
mela body of the European recently
political
by one or there views, And all have prominent sellers of the March
It is difficult in this circum-tone in June-United Press. and May deliveries during the
CEYLON TRADE
ihreat to invade Formosa and was relieved any wak -disclaimed Mr. Blundell joined the Gov- Elected Members
Estimates
bright features. The arinoumen- were that stances to see how the Briush at the next allegiance to one another.
Colombo, Aug. 22.
`a railway strike porsibility of
Įment of a scrip .. teque. home gave investors further
by ernment 43 Minister without losion."
Ceylan'e Rubber Commissioner reasons, for holding their possibly 200,000 bales have been Government can meet the re- It is probable that the majority Portfolio, as did the former
Cunards and the improvement Mr Cooke has announced that
on quest Japon is expected to make today fold here for Liverposi
daniel reporta
hand. that, at next month's
The fall in the value of the in freight rates helped wit chairman of the Elected Mem- he intends to try to expe! Mr of European Elected Members told
beginning next week, rubber bers, Mr Wilfred Havelock, Blundell and his five collcaside
shipping section: pound on the concessions from
world's foreignment in the will Ket reopened on May 18, on the Legislativo Coumell out | Piraddies since the British */ zurthof - trade meeting
to producers would be forced
45 to 488 on gained who became Mmister for Local from the Elected Members Or eventually combine under the The Census Bureau on Friday the sterling
markets, though Cunerds, rell at world prices, Government. The third European ganisation. He has accused
to The colonics, are bilowed
and said change
the week seasonal, wns an additional Tuesday, but closed ministerial post was offered
banner to six
that producer can continue to of the Electors Unilon, reported domestic consumption "rebela"
freely from Japan. It is sub
import committing and accepted by, Mr Laurence terfuge," alleging that they did United Country
which condemns both the of all row cotton during July at
Other
ences wire niso Whipping 542,577 cunning bolts. The figure up to them whether they do so I to depots at existing price of cause of nervousness at midweek, one shiting below this lever. Maeanochie - Welwood, not.
party
HOLDING OFF. and the inform
better on
on the week. As to admitting more ons ruper ten cents, compared alber European Federal Independence party. patrician settler who has stood Elected Members of their inten-
was about in line with trade ex- or
goods to the British the world price of 72 cinte
TOUR DOS, Wem đem án thể The Electors Union, until re-pectations and compared with
Shippers had warned rubber Industrial shares took the news of increased aloof from most of the political tion of forming the new party, cently the most highly organised 781,076 bales used in June and home market this would simply producers that they, zooh might lead from the cult-e-ged markcit sales in the United Store La
nod three months
have to sell at world prices and, with buyers holding off, sign that the cancer scares were after the
strongest European_political | 742,004 · codisured in July. clam thah that: formation
lavelled against because price arrangements with prices drifted lower each day at Kenya's
in Kenya, has, by last year. Dral
organisation
Consumption for the 12 the Government when I first
> "From my point of view, they Inference, declared itself in ap
| China may collaps Ceylon's more nervous opersions took In the vil multi-racial government, Euro-
looking snarket scattered, pean politics were comparatively must be expelled from the position to both parties, sta
"Until the European electorato months ended July 31 thus was tons on Japanest
goods.
with" China” on....next.
relling had to lower pri subdued apart.
boosted to 8311,202 bales But it The dimculty That even
The Financial Times: ordinary | Anktb-Irahinis” which attacks against the ontinuing auropean Elected Members Ore
Lyttelton gánisation, because it is obvious as a whole is prepared to re- was considerably below the Britain were able and willing at China ratantly, to paying share indexy which had touched record level of "215 brain the Plan"
cannot have people | cognise, its tremendous respon by a group of declared that wo right wingers who formed the within our ranks conspiring to siblities for the future, un-870 bales consumed th the to make further concessions one, rupee 35 cents per bound to a new peak of 1871 just before pravicus weak dipped in back to
them would not help Japan to [she]
the Ceylon Rovernment for slip back and by Thursday's close one of £13.1 30. Other foll for the previcus weekend, began to 416-28 6d before recovering to Federad Independance Party. a detent us at the next General moved by the blandishments of
So theream her purchases from the rubber. year ago with the of Election their avowed sim, he the left or by the fears of the ability of the m
of fully maintain. Its point arthr Fling area to long as Japan's Pr(also irmowized that Cavion' was down glo 1856 by Bus the lures were wed on the supernett mamiaining European control has stated. of Government" and "getting
Federal Independence European opinion
bhary police kept in Rubber Remken Board will gag, will/min points us on the end of Just before the walk awa
host July/lovelineeting a remarks Reaction, In the $16, of Calaihi Office dictator Party ales hit hard in the new the Government that
group. “We believe the
in Keny Blundell announced the United Country party te motilne spilt throw wars, and 16. formation bf his new party on more or less than a United the next all clones to
10. With him, ecomColonial Omee party, which hur what sort fuky utong
were Mr decided that there is no future, for their cof and: four other for a British Africa,it des Speci
of
Tho
་
of
*
his
the
B
the
new party
bries
(Kúil, 1832-88 Medion
right', will the Kisfalzirom dullbers m,
ziew
even
area...
more intense
for
b
the
at
decided to esse import restriks das not yet reached their
ment' presently
Radpole performance of the
rubbars were shock: