THE CHINA MAIL,
TUESDAY, NOVEMBER 2, 1954.
OUR WEEKLY AVIATION NEWS
The Westland S-51 which is currently touring Spain.
Westlands Send
The S-51 On Spanish Tour
The first helicopter to Great Britain By from
!! ?
Fie Copterem je
Ev
Takataly
1%
To jrVAN conta od the 1ding fighters yng the rate of stor Larullast Aft
To er onde maximum efficiency the ground
1x titties
to Spain has now reach- ed Madrid. The machine d is a Westland 5-7 four- seater single-rator type, and General Franco is expected to be one its passengers, during its visit there,
1234
of modern an must be as mobile as pretable
the 124 sets and consequently ordered for the A.F. me des of signed to be air-itats plaf
semblest The set can be a
nirbek t 1 Te an advanced hours by a haciful of teclun-
#ch 41 Duly
abel a
small but power supply
the preparations to complete The hut houres the utile -
patele of struments, which may
dreraft at my Identify an
mal controlling san 10,000 ts safe descent and landing 12
w... darurat La
of
The Night show 2011-1 Spanish Govertime at som the numerous rhs which helt copters can perform. In Mad- rid, the alraft is to make a Banding or The Ministry of Works, and I will also visit Prats, the residence
f General Franço
From Spaina
the
f
helicopter
will dy on to Portugid, where |
The 424 is used at Ferryñelf, which is the busiest airport for freight traffle in Great Ballon, ON well as hy the Royal Swed Air Force. Other steps
Liverpool for **
more demonstrations are to be given to Portuguese officials will then fly back to Britain, after completing a
rent Bh ver 200 les of aver
The N-51 is powered by an Alvis Lou's Newenstle engine; 194 of these helicopters have now been built by West- IRIMI Aircraft The Service
vet: th
air foters
with th France, Exypt.
Yugosla
Iraq Than
as well as the Royal Navy and The RAF.
ind
the pori,nat texareh nevotironne at Pa borough, where the anarod dive
of British play of the Socwly Alferaft Constructors ry Jærld,
Mudera military
ון
calt new fall whsch engine designs s Lean give them, and in order to
JW
14 mers the power ok veloped by a jet engine, the technique
reheat was devised.
Wint Dr Paulo Samparo, Premalent of the Brazilian air- has Paintin do Brasil, The denied report that his co- als onder pany had cancelled for tour de Havilland Conwt 25.
Panuir do Bras is the
apag tuulen I captions addition to the Cimet ? which is alrendy on other.
known
121
יונגן איי
Ira a lecture
Mr JL audience in London,
of the de Havilland of Exwords
the largest atrines in the world Engine Company has given an on internation Interesting picture of what re- heat can du. Mr Edwards obtained 6421 has
"the modern ap- stated that for Two Comet 23,
retrot
to feet plications of
The lake-OIT ussist
of heavily bombers loaded!
to forre fighters up to supersonic speeds."
E
The disadvantage of reheat, which gives increased thrust by burning fuel in the hot gases ; The President of the Brazil-emerging from a jet engine Jan airline
has
company believes
than ever
said that his more firmly nirw
in the Comet,
that has earned
future atrern
from
TRADE and COMMERCE SECTION
Eisenhower Administration
Administration HONGKONG
Committed
To Economic Intervention
By John Morka
New York, Nov. 1.
Whatever the outcome of the Congressional elections, the Eisenhower Administration is already committed to active intervention by the Government should the economy show any tendency to deteriorate.
The Republican and Democratic parties may differ in many respects, there is some feeling they are not quite so divergent as the political oratory might suggest.
Accordingly, it is emphasised, some give-and-take proposed legislation is envisioned should Democrats take over control of the Congress.
on
Souve
the Royni Swedish Air Force, General Bengt G. Nordenskiold,
i farewell to his men months ago after twelve years
1 servien at his post -u perkont in which the Swedish Air Force the veloped into the most power-
Great the Iul UIK onds th Powers.
the
CUBAN SUGAR
COUNCIL
Washington, Nov.1.
The United States Cuban Rugar
Council today roundly denounced the
Idea
от
of
my further Wilted Staten quota duty, concessions to Philip- pines sugar.
Council spokesman Sher- lock Davis complained thaL existing Filipino-American trade agreements alprady give Philippines sugar a "Distinct advantage" Cubu in this market. the Industry, In Cuba. nald. is In a "much favourable” position than in the Philippines.
World Rubber
:
Markets
1
STOCK EXCHANGE
(From Our Correspondent)
Business done on the Rong- kong Stock Exchange this marnų, fug momted to $1,242,167.50. Noon quotations and the inorn- lug's transactions: ananes BUYERS SELLERS SALES
71-72 BANKS 78-791 undunted
771-711 711-2
Stagepore, Mo Prices of rubber chised today Straits cents per lb. F.0.B. Malayan party as follows; No rubber Now Dec Jan.
4
No rubber. Now No No
Spot richer unite Blanket Prote NO
pole pres
70-1
NEW YORK
Futuris today elosed 25 to 40
over
Yel
ho
Juodasta higher
1
contracts.
Pre-holiday
Mr David was testifying at Pubile Hearings which opened this morning by the
Arlega. United States tion for Pallippine trade negotations. Sugar circles here believe that Filipinu negotiators are seeking an Increase of their country' 924,000-ton sugar quota and a longer period for their sugar to enter here duly free.-United Press
лете
World Cotton ¦
Markets
נוג
higher primary
#
viçleme of o return Bictory demand in the spot market, ali combinant to
a tirince to terminal bansket pizen... Dealers reported, "Jufessizes" : Sales Conmnmated with oinette, factori: meluding
Kirke sheet. for De
09
IK Em Am SHIPPING
Waterbunt Asda Nay. DOURS, ER
* Whzgef
Bock
Providesit
(D
103 1043
N
10.00
301010.
1600
71.50 400 2 73
01
*0c
P00444 2200
1270) K (4,5)
710 74% 4,200 5725
2120
Whelk
HE
LAND,
HIT
TK
-
102 13 40 30 14.0
pba
2009 « 1310
Rast- wn!
300 a 13.40
600 - 13.00
1000 199
1000 13.80
0500 1 13.50
* ሱ
egon 13.40
4000 » 18FO
Presale She S
BK and
Reply
Mater
Bu
45 700 00
21 20 20.00 1000
310 2.15 100
2. 130
1900
4{
Por 132 Voti Fery
Light cok se om te se p
2
10,93 ርጊ
T 10
Lu Elective
4
2083
710 6 34.2{|
Telepath
INDUSTRIALS
Compet
20 30
100 2
344
cens ast five sheets for the coinber
fur Jantoty were done ad 27 renda, with later les 116 4t Ji con Maher, Spot No
quated
27AM rinis nominal. Prices:
were
1
Sant
Juli
Sep!
De
£1
LONDON The market was
very stently with No. 1 Ren spot quoted at
24 lg perice per 10 Pricus: No. 1 te sprai
Neulement novce termi Deventer san/Mar
244-242
2;u`;-- ྂཀ
53,254
23.231
In any event, observer here. They found: A continuing im- tend to uzume the possibility · proventent
il in business, with that the Democrats will be able strong foundation for a test to mustra (hough stangth to business upsurge in the months override Presidential vetu of ahead.
The Chase Bank cited Denk erstle purely
kogusiu-ion.
n. such favourable factors 09:
New York, Nov, 1. A two-thirds vote is required in On his last day of service.
Business Inventories now of Cotton prices today furtvated both the Senate and the House "ork batter" General Nordenskiold--Sweden's
fine.. in sorta
sely
spasmatically at Representatives three-stor first
ta ereurovent, particularly in sted and wactive dealing Air Force
n Presidential acto. Must ob-gods; auta output is expected perset-
Evening-up operations before, Api June general-ald farewell
servery look for the balance of (la ally to the Air Force by visit-
expenditures ! bomorrow's Election Day holl Júly/Sept. Comil
revolve around g in a single-seater jet fighter
are on the upgrade: construction | dsor, and transferring Decem-, General markets, Air Force
Darrow targin in both chambers remains at peak levels.
March- November for the practically every
ot be Congress.
On the whole, the Bank udded, May-July deliveries matie up December Station. During this night,
. Estate Lavered 2,220 km, mude
"the economic climals favours o most of the activity. and
renewed advance 133 business After take-offs and 18 landings delivered about 30 Intewell addresses--an amazing schlove ment for a man of 63.
he
10
It might als be of interest 14 add that, while flying be tween Noarkoping and Likop- in the domicile of the Saab ancraft works, the General radioed the following mesuge
thanks to Saab:
of
After 12 years as chief th A Perer, I hate the Saub Alteraft Company for
your hier efforts ever greater an For the Air Force. The hitting powes of the Air Force depends much upon you, upon Voter Flenlivenes, energy, care and sk We ply on you and
our aircraft ne proud of
fig. May you trustinse your the Lu mutual pride of the Air Force and yourselves. Thank you, Seab, and Good Luck."
#1-
Hunting-Clau Air Transport, one of the Shriependent airlines with big shipptrig company backing, have
their operating base from Bovingdon, Heris, to London Airport.
moved
over
LWO
They have taken bays of a hangar formerly used by British Overseny Airways.
Dlovingdon is no longer suit- able for the four-engined. air- Vis- craft, including jul-prop
Dr counts which the uirline acquimg, and they are mereas- ing their servicos.
become
Hunting-Clon will 2,060 the first independent airline lo reheat to be based at London Airport.
BETTER STEEL YEAR
rise; consumner
xer contracts
DAU, LIVE
Estate
22-23
32"-3"
etf basis, ports:
22-15/16-23
22-13/16-25-1/16 -
vrejic luck 201
cripe
thin 261 see-sawing within Q of $1 bale, the 11st range
AMSTERDAM Mr Benjamin Fairless, Chair-activity."
The market Was "The make problems ahead is closed about mid-way betwren
strady. man of the Dard of U.S. Steel Corporation, the largest steel to reverse the down trend in the highs and lows, and Priess pivsed Valay in guilders
An 1 to corporation in the United Stats, business capital investmenis.
7 points higher.
kalogen, Opening per
CIF Nov. S predicted a better steel year in Important reason for the declines prices were off 2 to up 3 points 1956 than in 1954, and a generals the appearance of excess New Orleans closed un 7 to 12 improvement in the economy.
capacity in some Industrias." points. Two lading banks surveyed The U.S. economy last week.
TOKYO STOCK
MARKET
OPPORTUNITIES
New business abeyance
folle wat Ne a rubber a
No 2 rubbe
tubber erro
Ma.
was hold pending
物
An
textile
| market developments and the The Bank noted that during Government's fourth crop and estimate of the season on nexi
Monday. Equipment has fallen $700,000,-
the last six months business In- vestment in new plant
Asserting there are sub-
for apportunities"
nuo. stantial
Trading volumes and open Infercat in the Exchange today
investment to increase efficiency were:
Mon
and develop new products, the Dee CUST Tkyo, Nov. 1.
Benk aid:
"By seizing M
Miy Labour disputes ani pros- these opportunities, business can pects of chaver company to its fall part to make 1955 a 19-7 dividendis
of expanding production De after the settlement veur of areounts pusted the Tokyo and employment." stock market down last work The Guaranty kwest poin since lust of New
August,
Market
men
"
sand Honshu paper would never cul down
York in its review. sss the impo; lanes of plant as follows: equipment
and consumer spending In any Assessment of the economic
expenditures
2:24 pers
223 buyer
2.42 buyer
24:1 buyer.
United Press,
Itapen STORMS, Er
Dairy
pt"wuf
100 ... 136
JAL
150 13.is
1900 * 14.40
N33.40 4500 13.30
4 34 20 4200 (
1. Crawford COTTONS
1540 17:30 800 27 13.20
Pextilen Nanyang MISKELA ANEOUS
You; tare
A
20 20 40 1000 10 20,40
Ja
20.0
34 1500 29.0
7.15 1000 2 1.70
10 30 10.40 2000 3 10.91
A.76 5.NO
4.1 20
Ceylon-China
Trade Pact
of
Colombo, Nov. 1. The Ceylonesc Ministry Commerce announced today the terms of its rubber trade
London Foreign pact with Communist China
Exchange
Landey, Nov. (
270 15/16-20 1/10
2712-27 19.00-13083
POLL-MIEC,
(14 552-14 53!a
11:38-72.7014
change-United
1
alne lust north.
China will
Ceylon 27 pay pence per pound for next year's Ceylonese shipments of grades ຖ>14C*, two and three, and 24 pence per pound for grides four and Ave.
This price is one penny lower than this year's prives. Ceylon has deelded to underwrite the penny reduction by its reserve fund, which is operated by the Rubber Commissioner for the purprises
of stabilising rubber
New York Foreign prices United Press.
Volume
Open interest
30.601
52,100)
1325.000
41.0
$23,00
New York Montreal Fruits
23.000
371,500
*
4,300
1,4(K)
43,900
Perm Stockholm
Me
000
Totul
Trust Company
14000 103.400 2.713200 bales NEW YORK
Zustel
Press
weir
Prices of jutures closed telg
35 03
Dre
34.37
Mar.
34.03
May
35,03
July
38.00
Oct
Dee.
34.70
Mar.
34.70
NEW ORLEANS Prices of futures closed today as follows!
England-fleini
to 10
Брен
33.00
anometal 30-day ful 90-day fulLITE «
inamficial
tlat
120-116,
S; qullar er 81)
4,80
Dire
34.42
Australia
Mor,
14,70
New Zealan
MAY
35.07
South Africa
220.
20
| Sorting modes per £1)
15.60
Tudonesia rupiah (per 1001
13.30
Sam Heals per 100)
28.0
July
23.09
Indiu
2109
Singapore (Straits)
1.00
Oci.
34,61
United Press.
Inte-China piastres iper 100)
Dec.
34,70b
Mar.
34.082
MISCELLANY
ils dividend rate by more then future in the next three months. five per cent, But Ни Соль-
antzunced pany
an eight per rent out and its stock quotations dropped 74 yen last week.
Honshu Paper's drastic drop casued Of Paper and Juji Paper to drop 12 yen each,
Tekyo Steel and kron, Tokyo Rayon and Teokoltu Rayon fell 17 yen and Takasago Iron Works dropped yen.
Among the speculatives Nissin Cotton Spinning fell 303 yen 10 206 yen, Mit: ukoshi Department Entr went below the yen 300 mark. Tokyo Marine Insurance Real rell ve yen and Helwa Estates lost & gen-United Press.
Miscellany: The Standard Oil
Bughty totals
LIVERPOOL
Future closings, American
Exchange
New York, Nov. 1. !
$21011-
2.68-2.71
Exchange Rates-
was done in the focal exchange market 200-3710 morning at the following raten
Private Shares Soon
Co of New Jersey reported re- with the nluth cord profits,
net
$6,000,000 un month $438,000,000 or 7.28 a share Radio Corporation also reported sales increase of nine-month
the correspond- 9.6 per cent over ing period last year for n new
high
'ai: Socony- reported and U.S. Steel
below
Test midding, 15/18 inch, in pence earnings
per lb. were as follows: nines:
Dec/Jan. meanwhile, the Department of Oct/Nov. that Mar/Apr. Commerce said this week distributions in September total- May/June ling 3% per
cent more than in July/Aug.
U.S. living foclude:
Official values for put cottuna. September 1953
declined 0.3 per cent to American middling 15/10th inch 32.00 1/8th inch 29.70 1953, mainly mid-September, because of n drop in retail food Peruvian Tangula good
Others were unchanged. prices
SAO PAULO business activity was "pun keel" in early Prices were unavailable today Autumn, reports the
Deport as the exchanges were closed of Commerce un-because of a holiday. ment fell to 2,741,000
United
the Slateu New York, Nov. 1.
this month, according to
10 average price of 15/16 middling
spot
markets World No. 4 sugar futures the Labour Secretary, Mr Mitat 10 designated
34.01 cents per pound. today closed unchanged to one chell. Machine tool orders in was point lower with sales of one September reached the second Sales at these markets totalled
highest voldme this year, with 55,240 balos-United Press.
Пл prospects of contract.
even greater DOW-JONES AVERAGES
New York, Nov. 1. Domestle No. d. sugar futures boost this month-United Press.
Dow-Jones closing averages unchanged to 2 points| higher with sales of eight con- tracts.
New London manager for the New York Sugar
combustion chamber, is the enormous rise in fuel consump tion which results. Mr Edwards the cause took as an example an arbitrary of the accidents to the Comer engine giving 17,000 lb. thrust which (uet consumption and what steps are being taken in
10
increase in- would by the manufacturers
Kal./hour without of this prove
8,300 gal./hour when reheat ured. If the aircraft's speed
Aucalian airline ANTAS to M 1.5 at sea level, raised
would Bristol-born Captain Russell the reheat consumption rise to 10,000 gallons per hour. Tapp, who has been in aviation or its Normal engine fuel-pumps, Mr since he won his wings with the which are expected Edwards sald, would be unable old Royal Flying Corps in 1917.
to handle flows of this magni- to improve greatly the com-
and the tude,
turbine-driven pany's competitive position on tud
pump has its internal and inter-continental centrifugal routes. Delivery of the Comets developed for the purpose.
Dr Paulo Sampalo is report- ed to have saki that Panair do Brashl
looking forward cagerly to the delivery Comet 28,
is
would enable the Brazilian ale-
line to increase the frequency
of its services to Europe,
would ale release other
craft for
been
its
In the early twenties he was a test pilot in the West of England. He went to Australlu In 1928 to join Queensland ont
The use of reheat has given Northern Territory Aerial Ser-
then closed Qantas were 11.9 and thrust increase in a de Havi- vice, airland Vampire of up to 25 per known, within cent, and Vampires with reheat employment South Amerlen on routes where in operation have flown
altitudes of up to 50,000 ft.
greater frequency is required.
Panair do Brasil will become the first foreign airline to have an integrated Cómet fleet, vaing both the Comet z for medium ranges, and the Comet 3 long-distance dying.
As aircraft
become
for
at
ת!!
Indian Ocean
He played a big part starting up now air routes during the war,
It is not only the flying crews who log up hundreds of hours in the file and large numbers, of Atlantic crossings.". Some busi- ness mon con run them close. American
Market
In world rows, dealers under- stood that Ceylon, bought a' cargo from manufacturers, while East Africa bought 15,000 tons from a continental refiner.....
on un
1000
Chicago Grain Prices
Chicago, Nov. 1. Prices per bushel in cents;
Closing prices
Mar.
Future closings: ¿
.1
Contract No. 4 (world)
May
July
an
· ·
MAY July
Dealers also understood that wheat, No. 2' red Mr Edwards said that la re-
all of the 150,000 tons of Cuban Spot
2233() 22246(L) recently acquired rows,
by Dec. cent years designers have begun
May textile Germany on a barter deal, have larger, to talk in terms of Mach 1.5 When
Mr Roman faster, and more numerous, the at sea level and 2.5 or even 3.0 manufacturer,
been resold by Germany to July
Com, No. 2, yellow, of controlling. problém
air at altitude. To achieve this sort Smuter, stopped out of a KLM other countries.
8pot Dec. trafic, particularly in
the bulk of bad of performance."
New York, recently, he com weather, at the airports of the the engine's propulsive thrust airliner at Idlewild Airport, the reheat pleted his 75th air crowing of world becomes moto and more must cong from
On these he has neutė....
system, and the engine becomes the Atlantic.
to what is in an adjunct
effect British company A
hos a remjet
(L. cylinder i spent about 800 hours in the air, developed. In Jess than two which the airflow produced by The United Statów navy have youre a radar sot for airfold high speed is rammed into a hnew carrier-börne lighter, the. control, to provide the answer combustion chamber, and the Gruamari Tigar,which Is claimed to be able to Ay faster than sound in ever fight
the Sapphire,
to the problem. Now the new hot gases then emergo, ai
the Decca 424, is in supersonic so13,
Petite production, and its in-
traffic signála tré help- In its latest Larue the Saab ing pilots to land in bad weather, Bonies monthly magazine conditions at some of the pubished by the Swadlaka, air- businat sirfields in Great Bri- craft manufacturers SAAB, 10. tain.
* calls how, the Bă-year-old tak
America
In the
39.74
Available. In
Indian Corporation
Washington, Nov. 1. Authoritative sources said today that steps Boat the will be taken in India this month to private shares to be sold in the $35,000,000 Indian Industrial Credit and Investment Corporation (ICIC) which the New Delhi, Government and the on Wall Street today, were as International Bank will also help finance.
follows:
30 industrials
20 ralta
65 stocks
40 bond
303.96
118.30
120.06
100,2 Comm. future piled index.. 172.23
United Press,
The private shares are to provide the rupee! equivalent of $10,000,000 of the capitalisation of the proposed company, which will use its funds assist in the industrial development of India. Original plans to call the Indian and foreign Investors, organisation the Indian Dove- with Brilish and American in-
to
U.S. Markets lopment and Finance Corporn-vestors expected to be among
Closed
New York, Nov. 1
tion were changed and it will those participating in the now be known as the ICIC...
The Government of India
"in-
bus
Upon the formation, of the tends to put up the rupee Imited liability corporation, the equivalent of $15,000,000...tó-
ward the capital of the ICIC Bank of India then will advance Major., securitios and com- and the International Bank will cauftext-free Joan in 'rupees!
10 $15,000,000,000 modity markets in the United provide a Jont In foreign eur
After these steva the Inter-
formni States will be closed tomorrow rencies equivalent to $10,000 national Bank will because of Elction Day,
grant a loan' in foreimm Various livestock markets Oficials said that the dratt rencies equal to lis throughout the country will re- oharter of the ICTC has now. (This loan mayɑbe drawn main open
"we do, boen approved by the Indian in dollats, sterling or an Conadim kan ondul European Government and the Bank and | qurrerus"
the:
ICIC 11 operato, as think the way dear to form the omeni anla
recorde
Block: Ex-
Company WANT HOMEL
The Brat step will be the solo, the corporation was snoeiroz of the equivalent in rupees of for business, abans
$10,000,000 in private shares id: the year, United