THE CHINA MAIL.
MONDAY, JANUARY 3, 1955.
Page
Zionist Espionage Case Opens In Cairo
Misa Victorine Nino one of the scoured in the case in which 13' Zionists are acessed explanage for Israel and of placing bombs and explosive in cinemas, embausten anu oilier Miss Nino la buildings. The care opened before the Supreme Military Tribunal in Cairo, reported to have revealed that maps and Military Posts and bridges had been prepared to bo rent to Israel.—Express Photo.
Water Will Pay
For A
Hospital
Teheran, Jan. 2.
An Iranian multi-millionaire using American and British skills has built a hospital at Shiraz, in southern Persia, which is unique in the Middle East and probably in the world.
The hospital's upkeep will be paid for from water. The inspiration and the money came from Mr Mohammed Nemazee, a native of Shiraz, who amassed a large fortune in China, Indo-China and India and has now returned home to spend it on public works.
system
hola
that revenues
It is one of the most up-to date anywhere in the world and rivals the best clinics in Europe
the United States 1 it and specially-adapted design.
For instance, the building has partitions every few yard to
its
aginst walls aufegard carthquake tremors, a freqent occurrence in the region.
fresh water free under the terms of ais Amer lean-designed and will In 1962, he installed a
Vakt.
be stated in all key post by walor supply system in Shiraz. religious trust or I was the first installed by an By arrangement with the evil American specialists.. Iranian in the country. The authorities, Nemozte levied a tax of 100 els a month (about ten frush town of Abadan hus
but that shillings) for 20 lons of water a WOLT SGDDİN was put in several years ago by month supulled to each house- the Anglo-Iranian oil company
He stipulated for refinery workers.
derived from the water should The Shiraz
Is known systesn
(Waler go the hospital. Nemazve
of
to maintain Shiraz, this as Ab Neuzee) after is owner.
emed an attack on a hard-won Monthly dues paid by Shiraz hours holders linked to the right-like asking and ner or a New Yorker to pay a tax pun waler system g Nemazce to maintain the new £1,000,000 to walk in a city park. Newazce hempitst officially opened on January 1. 1965.
the water The fortunes system and the hospital are intertwined
me than the financial sense,
Pure water in plentiful and cheap supply to the poor people of Shiraz will vinforce the hospital's fight against illness and dibus.ze.
health standards
As Shiraz vise
1
which
fewer of the people will need hospital treatment, per- anltting the opening up of the institution more and more to the whale Persian Gulf ran Iran in general.
One
M
of
water
44211
day in 1944 NemaZE happened to be visiting Teheran after several years abr.ud and noticed an old woman scooping
from up a Unful
Joob. muddy
pen water channel, by the streetside which supplies the city with water.
The incident reminded him that the best way of helping lis countrymen
water woukt
fre
Each room has an X-ray pwer plug so that the patient need not be moved. When he has ti go to another part of the hostal, the lifts are big enough to ake bed as well so that he nesinot be transferred to a stretche
Teitially, the hospital has 250 beds, But the target, after len years, is a thousand beds in two new wings.
The planners being
TRADE and COMMERCE SECTION
PROSPEROUS YEAR IN U.K.
Economic Progress Should Continue
Throughout 1955
From RONALD BOXALL.
London, Jan. 2.
The year that has just passed will be remembered as the most prosperous Britain has had for two or three decades. Economic progress has been persistent rather than spectacular but it has been along a broad front. Scarcely any branch of business or finance did not end the year better than it began. And judging by present trends, 1955 will be even better.
Records have been broken in nearly
every field of economic activity. Industrial production was about five per cent greater than last year, reaching a new peak of forty per cent above the 1948 average in October with yet another record provisionally chalked up for Noveia-
ber.
per
4 <pri-
NEW YORK during the year finishing at strike threatened by the roll-
WEEKLY
COTTON
REVIEW
HONGKONG NEW YORK ·
STOCK EXCHANGE
(From Our Correspondent)
Business done on the Hong?~ kong Stock Exchange this morning mounta to $1,737,- 100.00. Noon quotations and the morning's transactions: SHARES DUvkas skižšRS BALER GOVT. LOANS
At Des 14 0431⁄2 10000 41 194
161003
DANKS
11 Bank... 1000 2000
Prin Asia
INSURANCES
Union
Lombard
DOCKS, ETC
K. Whart Dock
212
20%
21son 20.00
Provident (0) 13.60 10 2000 18.00 Wireclock 7.40 7.43 62001 = 1.45 LAND, ETC. HK Hotel
IK Land
Humphreys Really UTILITIES
Tram
Yaumati
Ferry
Electrie
- 15.70 15.80 4000 15.70
20 7011⁄2 300 * CO
24.90 21.30
1000 м перо 1700 70
1000 70%
2.1255 2.15 4000 4 2.12%
22.20 23.40 2000 21
1M
300 i 20 3300 * 22.20
STOCK
MARKET
WEEKLY
REVIEW
By Elmer Walzer
New York, Jan. 2. Stocks closed 1954 on a burst of strength that left industrial department at its highest level in history and utilities at their best lovel for 23 years.
Railrend shares had attained a how high since early 1030 Inte In the Friday session but profit- taking left it slightly below its best figure.
L
Trading was active with a 1300 12.30ssion 02, 4,430,000 shares on -
420 g 22.30 Wednesday, the biggest marke'
since December 18, 1950. 174 100 100 100 100
40% 40% 1000 à 40
500 401 03 40 2800.4014
BOD » ITO The market ran into consider <. Light (0) 18 18 10.00 1400 10.70 able selling on Monday, the lak
3918.00 day
made the sales could be 4219 10.30
include prosta Light (N) 15,00 1970 50 15.40gular way to
666 10.60 in the 1984 return. Losses could 100 15.70 bo registered to the close on
Friday
On
the list recovered with renewed vigour after sales fell below 3,000,000 shares the provique
fon session, Wednesday the Industrial average crossed the 400 mark The margin. by a substantial rise carried over for a time on Thursday but proff-taking left the list mixed, Friday saw new spurt in the industrials and smaller gains elsewhere.
Macno Elec,
Telephono
INDUSTRIALS
Cement
12 12.00
700 403%
2500 i 4012 1000 405
34 35 1000, 355
100 30 2000 30%
60030 4000 30%
41 4114 3500
000
40%
41
And this Increased. cutput | better aff in reni terms than they, possibly even a lowering of the bençited early everyone. A were at the beginning of the petrol duty. seven or eight per cent rise in year.
The dangers come from the weges more than outstripped the Companies shared in this god threat of
Inflation- lenowed Increase in priers leaving fortune and their ten per cent which the Government recog- workers about live
cent rise in profits enabled them to nites and promises to meet with increase shareholders dividendy strict measures if necessary-and by twenty per cont. Chiefly as the possibility of labour trouble. a result of this more liberal dis- The latter could have tribution policy industrial shares siderable bearing on the export on the Lindon Stock Exchange performance and it is for this rose no less than forty per cent reason it for no other that the
new all time
""high"-end still waymen unless their wage claim
Hoe't hos rising.
such serious EXTRA MONEY
Implications. Extra money available to the
The question
in everyone's public went partly to consump- mind Ir.wever CONCETTLS the tion which we by some five future status of sterling. Will per cent stimulated by relaxa- 1995 see the long-swalted advent tion of hire purchase restrictions of convertibility? In June. But not all of it was Most
consider the experts spent. Some went into personal possibility remote, New York, Jan. 2.
There are savings which reke during the still several economic hurdles Cotton futures trading year In spite of the tempting to be overcome before conditions went through a slow and way of goods in the shops al any ripe for convertibility and generally uneventful week.
that remained relatively as prices
as time slips past these will be. stable, After new crop deliveries were
come
fest q
Importance than nudged to new 1236 mal highe
was political Prosperity
Tho The matched by an improvement in Socialists are on Monday,
alld prices
off irregularly
Britain's external position, Ex-,,
The rail average closed at diminishing ports of on
convertibility so any posed to
Business was done merchandise
In the local 145.80, up 1.10 points on the were move to set the pound free will unomcial exchange volume of
market this week between seven and eight per almost Closing on Ewer ground forcent greater in volume then instwalt until
certainly now, have to morning at the following rates: the first time in four weeks, the year and invisible exports also Election. And if that does not Indonesian rupiah (per 100)..
US dollar (por #1) the General Sterling Hotel (per £1) 1st at Friday's close
was off
registrod a substan
substantial increase. bale compared with the pre- ceding work.
Factors acting in upset recent rallying tendencies included, 1. Technical considerations; Smøller producer entries the loan programme; billtios for increased
to
4
of inde.
at home
ndber
Rope. 10.00 STORES, ETC.
Dairy X. 1
Ria..
Walson Hia MISCELLANEOUS
223.20
16.30
Yangikes, 4.93 0.19 Allled
420 4.40
250 10
INDUSTRIAL AVERAGE
At the close of the year, the industriel average stood at 404,- 39, a' gain of 7.24 points for the final week of the year. It was. up-123.49 points or 44 per cont
Exchange Rates for the full year.
11 pointe--3 to 55.centa a higher earnings me in 1993 nelther will consum teals per 100)
end tax
and
ment final crop estimate of the BURSUTI.
NEW GROP
showed relative·sidadiness mort
trade
These
to
royay
recession was
The utility average closed at *0.86 15.62 62.47, up 0.90 point on the week, 18.40
was up 12.43 points or 24 per 27.00
cent for the year.
Singapore (Stealta) Indo-China plastres (per 100 11.10
LONDON STOCK MARKETS
Industrial Share Index New High
Government securities are up about 314 points to 103.35 and fixed interest stocks have advanced nearly four points to 115.82.
Steels were the star per- formers. Repibile starred in the group with a rise of nearly 10 points on the week. US. Steel guined 3%, "Bethlehem, 43% anek National Steel, 8 points.
Autos moved" higher ond finished the week with gains running to 2 points in General Motora. Chemicals had gains | running a higher metal group...
Textiles were given a whiri come went do 'new hight, Tobaccos revived, with good gains. Amusements were higher, featured by Loews.
Gains in the rails ranged to.
points in Delaware & 4% Hudson which declared an extra dividend.
Aircrafts were very strong early in the week after the Monday itp. Some building * issues made wido, queen
Substantial improvement was in some of the glass. machinery, tyre, liquor, electrical
now
equipment and packing issues.
Oils rallied after meeting sell- Ing on Monday. Peoples Gas helped lift the utility 'average to its new top.
TICKERS LATE
together vertibility. with the net that the terms of trade changed little during the year ended Britain to Increase cris and still record a her Importa 2. Shiraz undertakers rallied
VCTY BOOTY surplus in her unday together and demanded compen-
3. Passi current mlien, too. They said that purt
In the
year first half of marketing inevitably reduce
this of cotton hold back for year-maluding £24 million of de- mounted to £178 million their business prospects and Mr
rosons; 4. Renewed me Nemazce should help them over the jean years.
murplus of The hospital's "luxury" roms agitation on the ease in fence: aldi With the for rich patients, who pay doble, colten zereage He refused.
£154 milen
carned allotments next
In the Gradually, opposition ca have pill:w microphones for year; B. Reduced expert in-
previous half-year Britain hos various
grounds dled down radio recoption without inhr-`
thus schleved the favourable terest. although today, more than twtering with the sleep of rom-
Technicians pointed out that balance of between £300 and From Our Own Correspondent Fears since pure water began to mates
#year which the March contract, at Monday's £350 million Bow,
of some cnly 4,000 out
No ward has more than our high of 34.90 cents a pound, was
according to
to the Government is
London, Jan. 1. 40,000 Shiraz homes and pre- beds.
old. deble, London Stock markets have just ended the highest level in two months needed to Nemuzce water. mises take
Altogether, there are cleen
reserves and Most of the Shirazis accept uperating rooms. Pipes throdh-
up around $2.50 a bale from strengthen the
make how
investments abrezd remarkably prosperous year. How remarkable the low level prevailing on specially in the Commonwealth. the iden, however, that water out the building carry stum
can be judged from the following figures. trom million-pound Waterin winter and cooling wer Dec. -the date of the Govern
GOLD RESERVES plant must be paid for. Thein summer to maintain constat,
The steady growth of gold and Industrial ordinary shares measured by the obstacles remaining are chiefly drought-free rooms `and' vệ m
dollar nerves--during a year Financial Times index have come up 53 points practical ones.
hospital flatra. FT ONE thing. many of the
Now crop positions, however, when greater freedom was given
pond that since the beginning of the year and closed on foreimers to poor Shirazis cannot afford ten
of the time. Exchanging of old sterling in dollar markets and Tuesday at a new all-time peak of 188.5. Many shillings a month for water. Bul
deliveries con- Revere businesscouraging as
America experienced a fairly shares more than doubled in 1954. for new стор they are prepared to pay Ave
carefully retinued to be carried out anong Plans shillings,
'interests,
particularly in mind the fact that Shirais worked out to provide half the
commission
pest of Britain's economic pro- In
local normal monthly water supply the heart
interests. of Iran's that houses and
gross
In the year to the end of theso to
people by
where using territory
some 26000 Popularily of the later months automatic cut-outs when
the nomads migrate to winter (nd was based on prospects for a November the roserves rose-by 407 million dollars. And this
It has been a good year for, creused in the near future and was by providing amount paid fe has been cɔn-
tight supply situation on "free" 407 summer quarters each year.į
recorded after other markets too, Gold mine the concensus is that there will cotton before the next harvest. Increase was
Tickers ran late at each open- pure water. So Shiraz became, sumed.
They have provided spéial
taking account of the repayment shares have put on about six be no altération for some time, The recent improvement
ing and were Inte again in somo with Abadan, One of the two
For his 100 rials a month, the antiseptic chambers where that open market prices was
of 212 million dillars to the points to 96.03 and gold,"deye- The present firmness of twas in Iran where water can
closing periods. On Friday, when Shirazi is entitled to 20 tons of others who wish to have tirsidered likely by some quarters and
International Monetary Fund lopers are up no less than 41 Industrial share market is put the steels got into action, just be drunk from a tap.
water. This, he complains, ishables in hospital are to bele-
the Europezn Payments points to 135.88.
down partly to seasonal factors, before noon there was Water for Teheran and other far more than he can use. But, commodated first and give a
to attract cotton out of producer hands when
The large towns comes either from if they can, the Nemuzee water medica
tax year-end medical check. joobs, private wells of workers are determined to thrusters or carrying G teal
the pro whose buying has been largely The actual improvement in the has of course been aften, public
Sales for the malla, period was over.
the whole of sperity of busines during the
generally responsible for the year's rise of 20 tons
18,488,575 4 month
shares, largest on every smallpox or
talk about the serves
particular. a more prices, have by this time.com- Kanats
eping under householder, They
January Want to
distribution hospital when they enter
Ed ing of hedge selling" by mer the annual instalment of Interest
by the repayment or generous- ground channels through which educate people in the habit of these must be git rid of dung
polley ploted such polling operations sy since the week ended Dec. 10. adopted by most boards of were needed to raise cash for The latter, amounted to 18,505,- chants and shippors againat and principal on
directors. With water from hillside springs flows using pure water for washing the confinement period the 12000
company profits the tax collector and made, the
770,
mast since Feb. 1995.
.1054 Sales for the year by force of gravity to nearby
temporarily expanded purchases Amstricas Loans which will be up during the year by 10 per usubi end of year balance shoot rby well, as cooking.
from tenting
have towns
amounted to 878,374,622, i riso villages. от
in Apart
from growers, reflected in the December gold cent shareholders Shiraz
seen adjustments, inhabitants
ho of spot cotton
The average
of 81 per sent over the 1953 for midating and dollar occunt. price
their dividend cheques increase is generally owned
Nemarée hospital is expeed
STORES LEAD
total and
largest for any 15/16 inch cotton at the 10 water to set a new level of treatment southern markets, closed
for the years in value by twice that amount. So much weter to townsfolk and collects revenue is barely sufficient to for hospitals and elinies thr
the achievemente,
In spite of this (as investors What of the
Stores led the week's advance year since 1933.
The rise after -wecić around 34.25 centa
would my) belated rise · in; but there were good features in
the Monday
•Afuture?
sessions wa Joob
pound, water, although clear cover running expenses and so out the country,
attributed largely dividends the yield on industrial other markets too capodially a bale about $3.50 Or
WIN In general, hospital treatment
All signs are that coonomic ordinary shiores has fallen from among motor and over the
tobacco to it enters a town, son be a spacial reo is to be levied on
reinvestment of recently average Government
progress will comes filthy and today only the the 3,000-wealthy householders in Iran is rated low by Ameran
continue though 5.56 per cent to 4.81 per cent, stares. Some of the past week's accrued profits and of dividend cd Shiraz
slower probably at somewhat poorest uso it for
until more people join specialists and wealthy Iranit loan rate for those points. the scheme.
Invariably abrted for surgi Export Inquiries were season rate. The expected increase with the yield on Consols down buying has been attributed to and Interest payments which
one tenth of one per cent to American investors who treat for the final
quarter
rom above
rawings differentiel between in relatively high verning Potenila), 4 M Market men found with reive of a Foreign Operas materia and allod labour in trial forces and wilt-edged Buch, buying hos naturally Boon igal stimulating throughout B** By -paying. good
wagesho don
Administration purchino to a bazsør quarter, in the south of } ing fret class facilities and m authorisation of $10,000,000 to industrier; but there, is no securifter Has been narrowed by: odmountinted – on? Belten known talk from world and business?
indication that any interruption 05 perfornt during the year, dhe stocks and electrical and musical executives were ranking favour- Spain. Contracting period for
CONFIDENCE REFLECTED Wes 13 the costore will be January, 100 will occur through a slackering
industries, Fords, Bowaters and int men fill up drums and distribute, works, · Has set up free water etenulards in their hospital, 116. | March 11, with delivery to be" rendita".bladyngst: `wlib, persoriál: pes - Erum siréngikɛtʊ' strength. | for aphcial attention JME ME
andable pecdictions of good" things And still the Industrial market Unilevers have been singled out to come vinta 1969, United completed by June 3 Dealers estimated the cum sumcient to consumption rising as vlerat
**American This reflects Investora tor
and pital Adence that Britain' wave of buying has also helped falee, the cover the purchase of around in 1954
Fine:
continue in, the priós. ot-bopper shares it whose, 50,000 Balkan
Promowcity will
The Bank nda for goods Nig) Year and the bellor that attractiventa fs: enhanced", by!
vinew the national Tall strike threat" the recent increase in comm
kamate.
ore
The karst дп by who distributes the
In
19
individual
a weekly due.
when
anything
except washing their clothes.
In most renin elties, there
the
meantime,
con-
Union
the
another
The background of this boom The big institutional investors ticker age wenkt amounti
Comitibility for "bunch-/1954 will however Do somewhat und
reduced
in
the
By 1900, the water company operations of any lengthy trg.. blly slow, although the plating | prodiaSSONS IN Licely to be limited nay thi zmogus. that the car tracted to British atooks by thole ($3,000,000,000, na buha
are public.fresh water supplies. expects Ic
have 20,000 houses|ment,
In Teheran, fr instance, water on the tap."
Down in the poverty-ridden doctors and nurses, by
higest
from a spring rising inside a royal palace is pipod distribution point where water the town, the Nemazee water taining the
for a few pence to all parts paints for people genuinely too officials of the Namazce to
of
This is Shen's
Nemazed called a British
brightened Into in the week
#
the
alty.
water, shalKI
DI,
dor, the poon of pure first, the poor and superati
to pay oven önd shilling acetor
to make it the OE
from
all overho Only the best radio ilus in fran will be accapti 2,000. have appiled for en
I price for cotton.
ted
At the best been
water.
AL firm of consulting engineers in lo
complained that the
wy (the many British
1040 who designed and installed engineer) were trying to By 1902, the roservoirs, purl them because the water
the Shiraz water system,
plant pumping station
Weño com
and malls Shal of Iran taste
In fact, the ploted, Visited Shiron to Inaugurate, the cus
Nadszre, and his etho met thai frat obstacle.
The mid-Decemb
of
of demand. This is expected: 16.
ened for January Funfeam/rail- ly: price warmer claims are mat
will be avortedia