THE CHINA' MAIL MONDAY, DECEMBER 20, 1954:
XMAS OVER THE WORLD
Our special writer brings you scenes from Christmas-tide
The British are pre- paring to spend more money this Christmas than ever before, ac- cording to bankers,
In spite of some higher prices, all the signs are that it will be celebrated lavishly. Bank of England the figures show that value of notes eircu- lating in the nation as December 25 draws near is well over £100,000,000 more than last year.
Full
wages, and
employment.
are the main
overtime
COPYONK
well-stocked purses gľ
mas shoppers
higher working!
for the
Christ
HO
All big stores report increased sules This is especially in the Industrial Midland towns
oľ siste elliem
England where
factories are working day anad night to A refers. Tizm" towns there have han great new influxes of population as workers have come from other part of the country to take up well-pold jole.
(Is
will
down the chimney and 13 them with toys.
|
THE RIVER JORDAN, scene of the beginuing of Christianlly as the locale of John the Baptist's activities, is the only river of Importance in Palentlise, and is the principal feeder of the Sea of Guillee. In this stream, be baptised his followers, It was 28 Jesus was leaving the waters of the Jordan after bapilm that He received His blessing from God.
FTER'S
For
decorated
Mass and again on
#
11
of
TRADE and
COMMERCE SECTION
· Page 9
COLOMBO PLAN SUCCESS
Spectacular Advances In Southeast Asia Were Not Visualised
From Ronald Boxall
London, Dec. 19. Although there is much that is positively encouraging in the third annual report of the Colombo Plan, judgment on its progress to date is idealistic best approached from a negative angle. For the Plan itself though it seemed at its inception-did not visualise, in the first six-year stage at least, a spectacular advance in South and Southeast Asia.
Its object rather was to help member countries to develop their resources sufficiently to offset the pressure of a rising population which was dragging them back.
Judged in this light the Colombo Plan can be pronounced a great success. Not only have its members managed to hold their own in face of adverse economic pressures; they have in some cases actually improved their position. The sceptics should ask themselves: What would economic conditions have been like in this area if the Plan had not existed?
vil
ten
next year,
NEW YORK
[L
<-Ver fire beautiful things they would before. Prices, still the bugbear buy once there Was 110 moro of tourists and Frenchmen alike, 'rationing
mul ng shortage On Christmas Eve. a. genera-
have remained stationary and food and eulsumer goods. in 1053 found! that their income tions of children have done be- for some types of goods, have
fallen lightly. Restaurants, w for them, British children will ¦ SVER
WHEN ton stujail and prices 140 theatres
nightclubs hang meir stockings at the fool | thea
are high for them to buy the goods 1.
storce. of their
szar- | which were available. Thai booming, and the condent while they sleep. Santa Claus, handling a huge trade att
Innded and brightly-ui. DTC
year. however, things gifis, have
The or Father Christmas
Finance changed. Minister has announced come chithing and toys, prefer to call him,
most Frenchmen. Christ- per cent cut in income tax
religious from Jarry primarily mus
celebrated occasing
in church Plantful supplies Few boys will be happy unless
of foreign Cathedrals and currency. and at home. they find a space-man's suit or
brought in
by the churches are always packed on tourist
Lik
and
increased "an atomic uy gan", the mods n
Eve
midnight exports, together with far of the old-fashioned Chistmas equivalent
Christmas wider range of Imports have Wht West cowboy outfit, await Ing them on Christina mo
morning.
resulted in morning.
stocks at cheaper and Christmas Day is spent quietly better Even Prince Charles, the heh
tereign goods. Trade to the British throne, germs to after
nighting feusting, and Industry are booming and think of travel to other planets, Some prople take a walk along unemployment is reduced to a
Boulevards, other minimum. mother. Qu. Elza
In some branches of visit friends. Many go to the industry, wages have risen.
Even if they have to sacrifice gan when she went Christmas chema or local sporting events.
Then there are a few days back something else to pay for its own specialjot work before another bout of most Austrian tamilles try to sel has Christmas tree at fir sent all-night Lating and drinking cup gaily by people of Norway each year New Year's Eve followed by tree
large family gatherings on New which since World War II and erected in Trafalgar Square in the heart Year's Day. of the capt
capital. From just before Christmas Jn Twelfth Night, Lundeners crowd round It each night to sing carols.
Queen Elizabeth will give her annual message to her peoples
the from Sundringham,
Royal country home, where she and her family will spend Christmas, į
for
the his beth, was seen trying out a ray
Shopping in Lonton recently,
London
(0)
BELGIUM
the
ATIN
SWITZERLAND
Switzerland, A hard-currency of armed neutrality, bastion
to looks forward once more Christmastide unsurpassed any where else for peace and plenty,
Like
the Scandhauvian peopita, The Swiss prepare their Christ-
almost mas tree with
mystic rites.
Lumilles Most
would Its decoration regard Marians clectric
with Dights as practically sacrilegious,
Flying saucers and wall descend on Bruse's this Christmas to help the elly's in- habitants to celebrate the festival.
The Martiance and their saucers
Only candle light is soft and Intimate enough 10 Cuminaté
от angel
2
f
for
one
Are
it,
on
the
STOCK
MARKET
REVIEW
By Elmer Walzer
Rails reached their best level since June 4, 1930. They gained 6.00 points on, average, easily the widest rise for that average this year.
an
op-
Two Indian Industries To Lose Protection]
New Delhi, Déc. 19. The Indian Government has decided to discontinue protection to
to
NEW YORK
COTTON
MARKET
REVIEW
By William Plunkett
the sewing machine and sip, fastener Industries from December 31, 1954. The Govern ment' resolution on Tariff Commission's report this effect ting been published in a Gazette of India Extraordinary. In existing cases, the
the duties will con- Unuc to be collected s revenue duties from Janu- ary. 1955.
both
rates of
The Government have also accepted various an- villary
recommendations for assisting the Industries obtaining supplies
and raw materials
the proving
quality of their products, China Mail Special.
Spain
of im.
new
New York, Dec. 19. Cotton prices crept ahead gradually this week with crop deliveries developing relative strength. At Friday's close the list ruled 7 to 24 points-30 cents to $1.20 a bale-higher than the preced- irut week. While
frequent declines
the
punctuated the risc, with market selling. especially from Far Eastern sections, the market showed underlying power.
Technicians
Bald they were
encourag
by the market's show of resistance which deve-
loped following the Govern- ment's unexpectedly large crop
Wants estimate on Dec. 8.
Steel Goods
Madrid, Dec. 17.
Direction
General de Economica
The report ends on
Great interest has therefore timistic note. The development (been aroused by the recent dis- | programmes in the area, it anys,cussions in Washington about an "Marshall Plan" for are now reaching a point where American Langible returns can be expected Axta, But reaction to the sug called for tenders for supply
nol unreservedly Nor will the plan fall for the gestion is lack of follow through.”
It is favourable, now almost certain to be ex- tended for further period beyond its present.expiry In 1957.
area,
OWN EFFORTS
That in a low
4
words is the
has of
Despite the big increase in crop prospects over the last few months of the reason, antisti- cians pointed out that the supply picture at the end of the season next July could
present different aspect.
of the countries associated with and possessions,, Latin America marketing
of
political
500
ond
an
com-
Exchange Rates 703,607
Business
was
•
វា
tradera
The Co-operaccion
FIVE FACTORS Looking far ahead, 3213,000 worth of steel goods and insulators for high tension expecting a lightening supply lines for Iberducro S.A. as part situation before the next har- Free Asia needs capital but of U.S. ald, Tenders will be per- vest, said there are Ave factors it wants above all to retain its mitted from member countries of to be reckoned with: date
overwhelming pro- 1. The Many the OEEC in Europe, the US. political independence.
of Japan, French ducer approval production-
controls North Africa and
for next Ingredients
have of economic de- the Plon
only recently and must be fri the hands of the year; 2. Indications that legisla- velopment are men, money and attained self-government and Direction by January 5, 1953. tive quarters may drop previous machines. Manpower is
The Direccion has also called plans to drive for an increase in un- this no doubt explains why they limited but facilities for the ac- look cautiously at any offer of tenders for supply of two drain- acreage allotments next year: quialtion of the necessary skills
3. Virtual air decorated Christmes
pumps and
dasurance of rigid age ore whether with
are not. Through the scheme for help to numerous
Minas de Bar-high Government price supports: pressor for S.A. eandica
technical
of co-opération are lighted for the first
New York, Dec. 19.
which strings are attached.
ruelo. Firms in the same let of 4. The increased amounts Railroad tine on Christmas Eve, Decem-
Issues
countries are eligible and soared runs parallel with the Colombo
the cotton going under the Govern- Plan, however, more and more Nor are they alone in their closing date is January 8,
ment loan programme; 5. Possi- ber 24, the great day in Austria. during the past week in Asians are learning industrial doubts about the suggestion for Further information on both litics that supplies needed in Under the tree, they place the their best weekly gain since crafts without which there could an Asian Marshall Plan. London tenders can be obtained from commercial channels eventually presents--and there they look
for themselves
October 10. 1931. Their be no lasting economic advance, commentators, too.
dis-the Direccion General de Co- may have to come out of the loon stock on which carrying Christmas Eve. Those for the strength
the sustained
advantages in the idea.
operacion Economice, Goya 6, children
charges are mounting steadily. "delivered"
But craftsmen alone are help-
Madrid.China Mail Special. by whole market and helped legs to do all
The Census Bureau reported the things that "Father Christmas"
In the first place it is pointed Christ Child."
lift industrials to record need to be done in the Colombo out such a plan would embrace
domestic consumption of adi raw cotton during They must have machines the whole
ht November Christmas Day, December 25,| high.
non-Communist
This running with which to work. And they Asta including Austria. is spent quietly
Formoss cost money.
with 706,603
bales compared South People generally stay at home,
Korea-the only two
and 084,076 take ittle walks or visit friends.
countries in this category
done in the iccalusad in October which unofficial exchange market this bales consumed in November December 28, St Stephen's day,
are not associated with the morning at the following rates: the 13
8.00ast year. Consumption for the for entertainment, day
Colombo Plan but which on the US dollar toer #1)
18.70 four months ended Nov. 30 with visits to
to theatres, claemas,
other hand are chief recipients Sterling notes (per 22)
Indasterlan ruplah per 100).. 38.40 totalled 2,893,058 belea against and dancing clubs. bars
272,986,440 bales Inst After these format holidays,
The rally were bought on the problem confronting the Colembo of American ald. Would politi- Siam ticals (per 100,
cal motives bo absent from such | Singapore (Straits) the boughs on which a multitude the Christmas season in Austria utlook fur improvement In countries, For despite their
Indo-China piastree (per 100) 10.70 United Press. will swarm in many large shops of traditional omamnesis hang:
and continues
business for the Christmas
the railroads in own clforts to raise capital in-a setup? and are expeeled to make their
among them a red-topped mush- most inspressive appearance in
trees Feast
Big gains are looked for ternally and despite money made lighted every evening 1956. room and a little church, reigned neit the
of Epiphany, in steel and automobile as well available
by grants and loans one of Brussels central streets,
over by a lovely
building the "Day of the as
would from the British dominions more is and this which is to be specially heated gilttering star.
Three
mean more freight Kings
to haul is needed if the standard -or during the whole of the Christ-
Beneath the tree, the wide- On this day. the beautiful Utilities set
a new high since living in the area is to be raised mas festivities,
eyed children will fnd their
Christmas trees will be "dis- 1031 and then backed nway to a measurable distance of that For
the
"Syndicat city's
presents gaily wrapped.
mantled" in presence of the from it by a few cents,
enjoyed in the West, **Initiative". which organises Infant Jesus will lay them there, whole family and cut up for the seasonal attructions and
or, if a cunning watch is set for grewood.
for believes in topicality. hes made
Hirn, an angel with flowing the theme of this year's testi-
and gleaming wings will
The strels were buoyant when vities "Flying
WEST GERMANY Saucris and fit into the house. Often, the
the market finally turned around Martians."
West Germany, with the end on Wednesday. They responded The "mtn from Mars", how-children have to recite a poem
it song for the famly of
sight accupation in
will along with other issues to ever, are only a small part of the before receiving their presents. celebrate the tenth Christmas statement by the head of the parations. Workinen have Swiss children do not hang up since the war with glittering Federal Reserve System inter- erected arches of special electic stockings of the English young gifts
and hearty feasting, preted as meaning the Federal bulbs for the traditional "Festival | siers do. But some, especially in symbolic of her rapid climb back Reserve will retain its easy of Lights", which each Christmas the Italian-speaking Canton of to prosperity from the ruins of money polley. turns Brussels into a blaze of Ticino, will leave shoes dia defent. colour at night,
played conspicuously on Christ- German boys and girls have
were gains
sharp in rails aircrafts, mas Eve in the hope of finding no need to peep aurreptitiously several oils and other them filled with presents in the from under the blankets, to catch televisions, and special issues.
morning
glimpse of Santa Claus
In the rails, St Louis South- Santa Claus, or Saint Nicholas, Christmas Eve. They meet hum enters hardly at oll Into the face to face, after he has been
western rose 17 points and lis
reien;ed 20 The famous Bayreuth company Christmas celebrations
pointr. Atlantic in most welcomed by the grown-ups, in
Coast Line was up 154- performances parts of Switzerland. He had a
the presents, here, the first of which will be his day on December 6, distribu- wrapped in gaily-coloured paper.
Metals recounted for attended by Belgium's dowagering nuts and being a birch decorated Christmas tree.
to the good are laid out round the brightly-good gains and a long Queen Mother Elisabeth. a children and
new highs, Chrysler rose patron of the arts.
rod to use on the bad ones-11 | Gifts and food cramming its section. Steel pet Most Belgian houses will be he could find any.
gally-festooned
shops all over highs.
Tyres were adorned with brightly decorated The Feast of Saint Nicholas is the country are most
plentiful Christmas trees and the
equipments tradi-a day on which Switzerland's and of better quality this year tional cribs presenting the scene rich folklore comes to life in than at any other Christman small net gains. Rall of the
which are special
special pageantry. The "Klause" since the war. Mans
stores ments had strong spots. traditions vary greatly through have added an extra floor
Oils had many wide gains Though thousands of familles out the 22 Cantons of the Con-
last sinco
and new reflecting an improved outlook will flock into Brussels streets federation, and even from village stores have been bullit. on Christmas Eve to see the guy to village.
West
for that industry, December is Berliners, barred for lights and to show their child-
sales of petrol as well as for en the brightly lit thep windows, in Fribourg, whose patron is many years from entering East expected to be a big one for Docks, ETC.
that the ban on hope Saint
November saw n procension. Saint Nicholas rides
spurt in oll sales because of a, through the streets on a donkey for Christmas, allowing them to outside
Early in the week the selling that occurred was classified da
Similar spectacular illumina- tions nico decorate most Belgian towns.
Belgian opera lovers are also having their Chrisimas treat
is giving several
usunily mated
1
most Belgians new celebrato at home.
robes
In
The
where room
more
on
or
Th
STEELS BUOYANT
Electrical
proter to vichoins, there is a strankering the border will be Kfted eating oil.
HONGKONG
}
-'
STOCK
EXCHANGE
(From Our Correspondent)
new BBADES BUYERs sellers sales better. BANKS
made!
HK 'Bank equip
East. Akio
INSURANCES
Union Lombard
1065
210 216
Bos
51
that
Whether they would or not it fesrud that the Americans would with to subordinate
to the new this the Colombo Plan
is some. ccy - and
everyone is agreed thing that should not be allowed to happen.
CAPTURED IMAGINATION
The Plan has captured imagination of the Asians as no
for other scheme
economic Its main development could. theme la not external aid but Eelf-help, And it is working well because in the words of the Guardian the Manchester countries taking part have con“, fidence that the only nim i ceanemic development and ad- vancement; and that there is no intention of using as meats of
unwelcome forcing [alltraces upon them,"
military
Asie
London Market Picks Up Christmas Spirit
From Our Own Correspondent
London, Dec. 20. Dreary conditións gave way
to Christmas cheer on the London Stock Exchange last week.
overcome their
* The hardening of short term interest rates But though the Colombo Plan caused some uncertainty, especially in the gilt- Noon quotations on the Hong has no definite political motives edged market, at the beginning of the week, but mony kong Stock Exchange and the It would be nalve to suppose list sét morning's transactions.
that it has no political effect. For With the opening of the new account which will 2 in
without the aids to prosperity be settled in the New Year-industrial shares that the Plan provides would be doomed to poverty and went ahead on their own stimulus of favourable 1970s gradual drift to Communiam
would be inevitable..If all are company news. · agreed that more capital is nood- On Monday, Industrial or veaters have ed to ensure that the Colombo dinary sharce, as measured by fears of inflation which partly 2007 countries continued freedom, so the Financial Times fridex, had explained the previous tall and petty suspicions should be allow-fallen to 170.2 but by Thursday's now that confidenco has returned ed to hamper Its flow.
were, back to 180.7 in the industrial sharo market which is within striking distance prices should continue The Colombo countries pro of their all-time high of 182.8 present upward trend in the New 16.90 1000 & 18.70 entitled, however, to a say in the reached carly in November. In Year..
terms on which they are to be doed Firday's buoyant market naved. And one of these will be which lifted prices all through that the Colombo Plan which
the llet might well have pushed 15.30 15.40 3500 4 15-20 is their own erektion should not the index to a new peak.
1000 31-15.40 be superseded by with the other 07 6711⁄2 100 67 agency concerned
12200141 economic development of,
•.29.00 23
vital arra.
The high cost of living has escorted by hordes of black- visit relations, some of them cold snap in northern states.
gathering.
"Klause"
K Where' Provident (0) Wheelock ...
LAND, ETC.
IIK Hotel
84
03 6.30 1000 5 6.90
Tik Land.**
Humphreys
reduced an immediate postwar faced "Pocs Fouettarde who living only a few miles boom In outside Christmas
the naughty chlidren pursuó
Berlin. entertainment, and the festival with their whips and birch-rods It will be a bleak Christmas profi-taking, switching, and tax has again become more a family amid a riot of excitement. for West Berlin's 100,000 un-selling. This apparently was for
In several parts of German- employed, about 900,000 others gotten when the market set off
whole living Switzerland,
of small pensions or speaking FRANCE
of
parade social welfare funde, and ro- on new track to unexplored h
Watertilory. Business confinued through the streets in fantastic fugees, mainly East Gormans,
the
UTILITIES French hotels are preparing head-dresses. In some places, crowding 50 camps unable to highly favourable and for a record Christmas Invasion their weird march, which had be flown to West Germany beductions were, bright for tho thanks to the increased British | ile origina in the darkness of cause authorities do not re-corning your United Press, tourist allowance which now padan times, is accompanied by cognise their reasons for flee makes two Cantinental holidays to clanging of heavy cow-bells. Ing as political.
a-year possible for many people.
"Hotel" amoolations and
agencies are expecting many
groups
AUSTRIA
more Britons to cross the chat-trians are facing Christmas
pro-
Star Ferry
Yaumati
-C. Light
able to buy their children only
Some of these people will be The Bank Of England
Licht! (N) (
a pair of woollen socks or
Statement
stato
bar or two of chocolate,
additional
nel for the Christmas festivities this year more cheerfully then The West Berlin city govern than at any time aince the war, ever beforo since World War II. ment hae et avião lädvaném bookings in Paris were
The Bank The almost miraculous Ime funds to give extra cone and heavy an art back as the beginie provament
Austrian food to pour people. Welfare ment ning of November, while winter cconomy during 10544, makes organisations and also helping Dee Opdela kamatay kay she Alps and them hope that their postwar and allled, soldier Eng
on the difficulties are finally endodista are playing noël keto zoren
Riviera Coast report that they The Austrians who had me and whisee children Araplar for bumper season, sound that poorly decorated China Vrill Bache Systems will and Parle Christmas trade pach year, from
mony sky, more friendly, and 1960 to 1959 and cheered of all 1/18
2.15
close the
thoir
Tha prisent dubinosi in the ill-edged market is conced
temporary pimao partly by the Ingering tone, thatan The awing around. In sonti-the bank rate may be ruled and tilsiert in the market. ||18|| parily by sales to meet insurface attributable mainly to a return claims for losses due to recent of confidence in company pros floods Market experts are comm poots. Favourable resilis have fident that cheo this phase has boen, announced by a number of plated Government/securities will companies the chief of which round their recent advance.
Siddeley
21.4021.70 2500 2114 The Bank Of France
160
Statement
were the Hawker
group, Hanks (the four millers) Elsewhere in the marines ubi Droom, Ingthe stes group Anglo-Iranian - now, renamed Paris, Dec, 19. ^ Blewarts and Lloyds and Unitei Brjish" Petroleum, touching N The Bank of France statement Steel also announced bumper new all-time beak of, 21, fat. 25% for the week ended December 9, remiltų.
this was not held and the stares. Irende nå follows:
| oldee at gib-12e Cd-which rou
Total other out
·· BALLIED SHARPLY
aut-edged stocks äftor dní ar
woskendus on the lowerinir of the
| tender/pèloe.jof
rallied sharply.
dritted lowor in-quie
-not-gain of £1:35 Pd
*