THE CHLORELLA
MAY SOLVE
WORLD
FOOD
PROBLEMS
Jerusalem, Mar, 0.
Single cell microscopic organisms called chlorella
may be the solution of the world's food problems, ac- cording to publication spon- sored by the Hebrew University here.
the
Those panisius, Routing bright greu. Uparsers. in speciaj funds at the Chaim Weldimuma Motoutual Laboratory Culversdy, the anong the most Miletat producers of protein in the entire vegetalje Rozgalom, The publication states.
Exporterats a now being
cheapje eerodacted to diserver Cathodes of punzelang The Chlorella in continueteral spatihis
PA
Describing it. minlagan y quali -Up as to ply ende, ut also palatabike- to many biste tr
The chlorell
about in FINALES, Luckers
For
Existence, at me mos Bushing but water, es bott 444%
stoside, a few reality available
ht Chemn als
what combines These elements
to forth the dres
11-
The ingotsisin seproducers
well asndly, a trol
As often
6 twice in 24 hukLÍN,
OTHER COUNTRIES
Experiments
Die
with production of chlorrila have for The been in progress past ten years in a Bumber of countries, including Dri- lain, The United States.
Japan and Germany. In ter
of these contrae. salot plants have been set up to Jeprosluve, with th A estoiest D141, Rac
Chakradharan
TAM
existence and regs oslueflon
the organiser
THE CHINA MAIL, MONDAY, MARCH 7, 1955.
TRADE
and
COMMERCE
SECTION
CITY NOT DOWNHEARTED
Chancellor's Measures Approved But
There Are Pitfalls
From Ronald Boxall
London, Mar. 6.
The size of the dollar "gap" that opened up in February explains the Government's anxiety at the sudden adverse turn in Britain's economic affairs and justifies the severe measures taken to meet it.
The month's gold and dollar transactions resulted in a net deficit of $82 million and the reserves fell by that amount to $2,681 million. This was the heaviest "real" monthly fall in the reserves for three years. The bigger losses in August and December last year were શ consequence of debt repayments and did not reflect any serious weakening of the underlying dollar position.
The kete minusve vẻ đoferinas : in
A DIFFERENCE
the last few days of the their pounds indo dollars parily Tron the took plure in February, : mouth wlan the authorities at least at the expense of the however, is at the netut lobogan "mopping up" operations Waves, of dollars but the $101 million, in transferable sterling markets. dvaled that appears in that part: 95 explains The size of the account which reflects February dollar gay but not the the the sterling area's trade and pay-¦ reason be it. Tud it it is ments position will the dullar
nevessary to look at the recent Avreid This
is the amount the trend of the United Kingdom's TUSC. VAN Wind have dropped overseas Trade.
they not been rustunned by! Tenis vf American defence
haud
14
of
with Western Europe.
The University's publication discloses that at the
Iniversity's
The
iletew
Drust-
Hatay here.
hove scientists ment abandoned the incepted methods In use in other countries
Plot plants in
United States alat Japan inke the formo of long shallow tanks in which circulated water is constantly
driven by electrically
pumps, thus etruring that the tiny or
tavic than Kallions, ghtly willer, do not sink but remain close to the surface and receive of the man's To¢eo!「「t fit!
1/14 rays
Here, the shallow tank ha been replaced by it cleeper one. uboul de metre trust over 3 feet) high and two ineres (tal over 6 feet) wide, with trans- parent plastle walls, a semi-open
f and mirrors angles af top and bullim.
The sunlight pours Inlo
funks, illuminating
which guns
emerald hue.
S
at B
the the liquid with a brilliaut
WATER CIRCULATES
land Rold carned
Between October and January
Ltd.
Pago.
LONDON STOCK MARKETS
Investors Snap
Aluminium Lid N.Y. STOCK Up Bank Rate
Spending
*x-
Kingstown, Mar. 6. Aluminium Lid will spend $11,000,000 to pand the aluminium pro- duction capacity of Jamaica from 220,000 short ions per year to Over 200,000 tona, wocording to Mr Nathanical V. Davis, President
At Mandeville to inspect the Company's bauxite and aluminium subsidiary, Mr Davis wald the increased output will be ed to supply aluminium require- ments for the Kilimai slytufum amelter Carrada and other world markets,
MARKET
REVIEW Shock Bargains
By Elmer Walzer
New York, Mar. 6.
From Our Own Correspondent
Stocks rose to new bull
London, Mar. 6. market higha this past London stock markets recovered remarkably week in the smallest volume well from the bank rate shock. since the week ended January 21.
Bargains that appeared amongst the first class industrial shares as a result of the intial fall in prices proved Wulilies stood out by making irresistible and buying was further encouraged by,
Natural the success of the Chancellor's measures.
their best gals on averagej since April 15, 1939.
das lasues spurted to help 18t this Aguro, Thele strength The Financial Times industrial share index reflected hopes for modifications gained 6.4 to 185.3 in the first four days of the week and stood more than one point higher by Thursday's close than it had on the eve of the The market
moved higher with stendily
the Industrials bank rate increase. breaking all previous records in their average,
mid most of the out- my is required for the
of regulations against the plant additions
companies, brai augmented storage fachtlos at the company's seaport additional railway also are being pro- vided.-United Press,
stuck
HONGKONG
STOCK EXCHANGE
Sterling is perhaps no more convertible" now t it was before. But there is this dif- ference. It can now be exchang- ed into dollars at a better price; and the price is better because dollars
ድሮ being spent by In trade the average monthly trade de-Brstain to keep it so.
first rosy sharply to £63 million
Last week a Member of Purija- with rompared
£30 million
wen asked the Chancellor when twr.ve
curlier. mos
Business done on the Hong- Over
to make sterling kong he proposed
Stock the same months the dellelt with
Exchange this officially tid "when the conditions are Nunn
convertible. He was moning amounted to $219,515. ripe."
quotations and the morning's transactions:
SHARES BUYERS SELLERS BALES
GOVT LOANS
3% 11040)
10.000 911
IMPORTANT FACTOR
cost
uf
YAWNING GAP
for
is re
0
Gilt-edged rogistered their on the ending of the strike In blyttst guin un the previous Northern Rhodesia, Traders were unaffected by Friday when the index gained the start of the Sunate investiga- 1.02 to 08.09. Since then they ton, in feet, some at the state- have remained quietly firm. ments made by those lestifying helped the rise along. The pre- sident of the
nation's largest
exchanges found the market rise sound, based on strong business and good prospects.
GLOWING REPORTS
SMALL INVESTORS
smuli
Stock shortage was also factor in the oll market and some good gains wera ' recorded among leading shares.
Rubbers furned dull on oosing of the onmodity pricus, but was on teas rumahed strong.
raised sharply Buying by
investors on Monday, but thereafter the advance a more modest genie.
Wednesday's publicați
On
the marketa turned dull and
dollar figures The Bank Of France Also helping the market were of the gold and glowing reports from the major minus signs reappeared. lines of industry-steci operu- tions heading for 95-98 per cent,
up.
Wero
the beginning of the
Statement
Paris, Mar. 6.
Tofal other ourréñoles Bight balance abroad
Prices begon to edge upward (From Our Correspondent) | according to Iron Age, near re-again next day, but the
card output for the week and markets
The Bank of France atatement good deal record for this year belleved by thinner than they had been at for week ended February 24, the head of General Motors.
week. reads as follows:- Steels had wide goins, many Pluses predominated on Friday, rising to new highs, Metal but by this time buying whs Total gold holding ... 220.281.891,420 issues generally moved
down to a trickle. Aluminum Issues scored wide The biggest gains in ordinary In EPU........... gains in several sessions. So shares were among those which | Advahen
Blabla und....... did wlected coppers.
fell most sharply on the bank Total bills discounted 1,107,941,069,737 rete change. The autos joined the upturn
Great Universal Stores have and were
In the risen 103 d active late week.
to 549 3d since their Thursday of last week.
Fords level since 1980 are up by 83 30 to 18s, Rolls
Union Lombard
11 is easier to point to turlors (the non-sterling world, including that end this sudden reversal North America, spurted to £50 of the dullor parutiom them to million.
There is a section of opinion apportion The blame bnstwerti
in Britain that the Chancellor Chem. But the most important
the
may have no choice in the mat. undoubtedly supporting sterling Just above This yawning trade gay was ter. Convertiblity, they argue, its inhimum gold point of 2.71 te for the most part to a rising has already been introduced "by INURANCES
Tiw imported
the back door." dollars. How many dollars had and
All at is materials for Britain's booming quired to make it official is to been used for this purpose
by Industries, accompanied not known; but the figure was
a unify the two rates. It would of worsening large and it incrvused
of be better to do this voluntarily torms sharply
trade. Imports have been rising even though all the conditions Luster than exports, both
not bo in may
just right than volume and value, and this has to wall and have it thrust upon undermined confidence In us by force of circumstance. Britain's economy and therefo by one short step in the value of the pound.
15
N.Y. COTTON
MARKET
REVIEW
the
01
All this was reflected in the February gold and dollar Bgures. But although the motive for the Chancellor's action to meet the situation is now better appreciated thun at the time, the City of
of London has res
resolutely
By William Plunkett refer to be downhearted.
A
**
U.S. Textile Market
New York, Mar. 6.
A raw cotton price alump
ot of around $4 a bule drove
Its optimistic mood is partly New York, Mar. 6. explained by the
sterling- -both gradual
retreat
Rails
best average
achieved
and utilities since 1931.
Royou by 95 4 to 783 440.
Building stocks were alded by Hawker Siddeley by 3s 71⁄2d to
Emana
11,656,409,337
42,408,009,581
189,000,000,000
Dank note in strella-
1100 .................................., 2,402,056,998,865 Current accounts and
deposits
121,890,504,000 United Press.
favourable reports from that 498 74d and P. and Q. by 7 The Bank Of England
Heavy construction to 64x. contruct awards made so far
DOCKS, ETC. K. What N. P. What 20.20
10 Provident (0) 1812
Wherlock 7.10 7 28
500 1000
1815 15,00
Industry.
LAND, ETC. HR Hotel
Xo
15.40
21.10 180
17 17.10
UTILITIES
Tram Yaugati Forry C. Light (0)
17.10
33 700 vp 34%
1500 ve 30
C. Light [N)
13.90
Electric XD Macao Elec
3415 1212
Telephore ..29.00
INDUSTRIALS
Cement X AU
altyכן
year!
Statement
One of the brightest markets
electrioni this year are 58 per cent higher was in
equipement than they were at this time last shares which went vigorously
London, Mar. 6. ahead on good results announced The Bank of England state- by Associated Electrical | ment for the week ended Electronics, and many special-Industries whose stock gained 4s 2. reads as follows: ty lines joined the rise with 34 to 089 Bd on the week. vigour. Many special issues Deored wide advances,
OIL FEATURE
STOCK SHORT
Nose in circulation Public deposits Private deposits
securities
The reuppoarence of buyers in dovemment securities
Other a market short of stock led to The high-priced shares wore a brisk advance in demand for Bato
Receipts features with Superior Qil of gold shares. Coppers improved
21.40 300 2015 California rising
21.00
corroNS
Textile Corp. 0.10 0.20 Nany
6.80
1000 8.8 2000 fr 8,00
MISCELLANEOUS
Yangleze
5.00
and the market down to the stones. ETC. in transferable varieties since the lowest levels in a year and cotton prices this past week, increa
Increase in the bank rate and developed into a near-rout partly by the fact that on relee acted to apply a tighter
tion the
measures 300m less brake on new buying in the before the period closed.
sover than they dhi at first. cotton cloth markets this
that die
the mild disinfla-week. Fears Giving ground in four qui of the five sessions, the old crop Lionary trend that the Chancellor in motion would deliveries on Friday plummuted was setting
The gradual business skow- little snowball into a slump are seen down, under way for a month having been exaggerated; or more, seemed to be grinding
place has been taken to a halt as buyers Nearby March contracts but their
envisioned 33.00 cents a pound,, by another and more reasonable lower fabric prices in the wake
the lowest of
level doubt.
An inexpensive molar. driven by paddles, keeps the water in circulation and the mirrors are so adjusted as to reflect the sun rays back
Lize to
talk
the when
would position of the sun
this normally
tin- render possible,
this Ort prove successful, it will mean that fur smaller area with be needed to produce the same quantities of chlorella s are being pro- duced in the earber type plant," Irath botanists explain, like his The botanist here, ounterpart in other countries, will chlorella hope's
that eventually become a staple part of human diet.
The Botany Department, how- ever, bellevCK VS0
that its greatest
con-
be will
an fved for chicken and eattle,
The first experiments ducked here in 1091 secured yields of chloreliu which, in agricultural of normal terms production, would equal 120 ions of dry mutler per acre year.
COMPARISON
Bome Idea may be gained of the importance of these results if they are compared with the most efficient of
food
the present
сторь, Bugar beet, which yields
tons 20
20
PRT
асть
n
to the lowest level in # more than a year.
touched Catablishizur since March 1, 1954.
form
ware:
1.
E.E.A INTERVENTION
well above
Some
new
Exchange Rates defence order. Some of the mer-
1,8d
1,000 to secure its hold as the highest priced stock on the IN) 20.20 10.00 1000 20.40 exchange. International Busines Watron KD 13.40
Machines furnished fireworks In the two final sessions of the week.
Chemicala had their day an good reports from that industry. Airlines registered highs. Alrcrafts had periods of strength, notably Bocing which soured on receipt of a gigantic of cheaper raw material costs.
cantile issues were prominent Reselling of the basic 80-
on the upside. At Frkiay's close the general
Bunker was done in the local square four-yard pṛipt at con- This concerns the effect of the tensions of to 4 cent from mong at the follow big rates
unofficial
market this
Investment demand helped list was off 80 to 82 poinis, ur
along, such issuca as American 3 to $4.10 R bale than the pre-Ounce for's decision to allow the the mill level also made buyers US dollar (Pez 311,
5.03
and Procter 15.50 Telephone
and ceding week.
Exchange Equalisation Account hesitant. Small orders for fil-Burling notes (per elj
1520 Gamble. Indonesian supiali (per 100)
Blue constituted the main sam deals (per 100
chips Were Foremost anong the
at in needs ta intervene many authorities
23.20 leaders most of the time- Singapore (@troite) cited reasons for the reversal of their discretien la transferable activity.
United Pruss to discourage
Mill to sterling markets Proposals
| Indo-China plastres (per 100).. executives, however, force the sale of surplus cotton trading in "cheap" pounds.
maintained a
Arm front in world markets at compet!-
They fegarded the tive prices; 2.
the transferable starting was quoted Duliness in the
hill as "seasonal" and textile trade: 3. Farm legislat 2.72
dollars against the
before pick-up tion uncertaines dealing with "official" sterling rain of 2.78 long on the theory that con- price supports and acreage con dollars. Since then transferable su
sumer pipelines will need re- PENINSULAR trols; 4. The slow-down in sterling has risen to about 2.70 plenishing. Effect of the raw domestic mlil and export buy doliny while the official rate cotton price decline, the manu- ing of row cotton; 5. Heavier has gone up to 2,78 dollars. facturers contended, was mini- redemptions out of the govern
Tho Chancellor
has
thus mised by the many other higher | ment loan stock.
achieved his main purpose which production costs. ADDITIONAL HANDICAPS
gap between the
pounds
BEST SHOWING and thus Fallure of the market to show diminate the scope for "ahunt-
The best showing continued more rallying power fallowing ing" operations and other finan
be made in the wide in- the cessation of urgent March cial transactions in
"cheap" to
fabrica, Weavers of that result liquidation, and the weakness pounds
in a loss duirial
army ducks reported a rapidly of other outside comoroditics of dollar earnings,
tightening situation with were acklitional handicaps to
deliveries moving off into late the development of new buying
April-May, Multiple Inquiries But he has exchanged on in- also were reported for drills,
enamelling SAILS:-
if two crops are planted yearly.
the bright green Thus, organism in the simple tank-like apparatus of the Ilebrew Uni-interests. verity may ultimately
prove Solling orders the answer to the grave prob- chiefly among
when this decision was taken ted
WDs to
NIETOW two
DIRECT ONE.
#
originated direct loss of dollars for a direct sateens, brosan Bhd.
dicka and wide
an
Wall Street one jem of world food production commission houses, Liverpool Before the British authorities A large Canadian concern res lagging behind ever, increasing brokers, Memphis and
'populations. - China Special,
BRIGHT SILK WAISTCOATS
Mail Orleans Interests.
Berlin, Mar, 0.
The well dressed
Gorman
malo this summer will wear a
markets "non-l amounts of to-
when the market went through providing they were to
CUIS
& ORIENTAL
STEAM NAVIGATION COMPANY
R.M.S. "CORFU”
NOTICE TO PASSENGERS
BAGGAGE:
Friday, 11th March, at 18.00 noon for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said.
New began to doal in the transfer-portedly made inquiries here for Increased ablo sterling hedge selling and chart reader resident" holders of alerting boceg
This firm hust been selling speeded the decline could convert them into
dollars
getting its goods from Em
Engilah
Passengers are requested to send ALL BAGGAGE to the Hongkong & illis in recent years, brokers to,do so at a'mibstantiai
Bocquee the overpas
Kowloon Wharf Co's Godown at No. 2 asso- on the official rate. This opened Wervers zalped pricothe
GATE, CANTON BOAD ENTRANCE, post- the way for shunting operations Canadiana --
the 7
by Noon on Thursday, 10th March.: Celion, goede SPECIAL NOTE: With the exception of hand packagas reported a general
former resistance pointa. Foreign selling whe ciated, in part, with the
billy
that some form of price and resulted in a loss of dollar U, B. More proup,
come out verbundes in derling once traders. In Anished will come
of the sur-But it had no direa repercus-
Talkin sion on the septral golf and glow-down converters.
completed The situation is now zuver might welt it abrand at the The transferable pound has been wask kypark
forced up in prico "by the
source (62)
bright coloured silk waistcoat disposal planted that dollar Fores
and a single-breasted 'sult for other town and a woollen waistcoat with sports clothes in the coun
Go
price without Inchuriat foron of fie Britta oching foods, Ca
Clothing manufacturers at Carying chartes. Exit
Frefeld Wald that mon's fashion Lought this reasoning teemad Equalisation author trand throughouting oviducaly
showed a break, with conserver stred on mumerous
Tam and Lit Touraing stress than wygula not
ivane
Arbeing Thiendly sene falocks in compati China Mail Special. trade,United, PA
wiring
carried by passenger themselvER, ALL, BAGGAGE must pass through, the Whart Co's Godown for loading, un "board by ship's slings only.
should embark
100 sm. on Briday
EVERETT
Mar.
Sterling 1/50.371,394
19.548,565
262,108,029 288-25.194
27209X***
BG 632,19€
108
-Uplied Pros.
LINES
EVERETT ORIENT LINE Fast regular freight refrigerator - passenger service to Korea, Japan, Philippines, Indo-Ching, Siam, Malaya, Rangoon, Calcutta And Chittagong- "BRADEVERETT”
In Port Balts
Loading
Mar. 6 for Kobo & Yokohama,
"NOREVERETT"
Arrives Balla
Mar. 18 from Manila.
Mar. 19 for Singapore, Panang,
Rangoon; Chittagong
Coldatte.
(Accepting cargo for transhipment Kobe/Fusin and Hobe/Okinawa)
EVERETT STAR LINE
Fast regular freight --- refrizerstar_wervice to Japan, Malaya, Colombo, Bombay, Karnehl and Persian Cipif, (subject to indussions för dieact calf Korgas
“STAR BETELGEUSE"
ATTIVES Balle
Mar. 17 from Jenan
Mar, 18 for Singapore, Port Swetton. Madays, Culombo,
Barahay, Karachi Khor Furtighe, Bagrala, Kuwait Bahrein
“STAR ARCTURUS”
Mar. 19 from Hingapore.. Mar 80 for Kobe
Arrivos
(LIMITED) WASSENGER ACCOMMO
* (Accepting borgo for landships
VERBYY STEAMIN
Chines
SIA