Page
“THE CHINA MAIL, THURSDAY, AUGUST 4, 1955.
United States Tightens Credit Facilities
Inflationary Tendencies Alarm
OVER PAID BY $800,000
Atlantic City, Aug. 3.
Mir James Johan, a
UB farmer sailor in the Navy, had expected a $300 cheque from the Govera- ment part of his de- mobili ation pay.
13411 when the ebeque arrived It was for $800,100. He said he would return
it and polut out the oh- vious error.
"I was a Hitle bit more than I expected," he said. -China Mall Special,
To
Advice
Film Producers
OTHER COUNTRIES
ALSO FORCED
TO TAKE ACTION
Washington, Aug. 3.
The Federal Reserve Board today approved increases in the discount rates charged by four Federal Reserve Banks in a move to tighten up credit and curb inflationary tendencies.
Effective tomorrow, the rate will be raised from 1% per cent to two per cent in
cent in Cleveland.
to lake
booming economy mulght Could similar develop exresses which
Other Federal Reserve Banks 1ly are expected action within the next few days, being another round of price in-
Discount rate is the interest | cremCN in: I
evity other
| rate which member banks must jinftulion.
ay when they borrow from the
dis
to
| Federal Reserve system. A high Leusden, Aug. 3. discount rate. In theory Mr Loke Wan Tho, Singa-courages banks from borrowing
millionaire
erde to cinema owner, today gave this tut businesses or individuais,
pove
vice to Ameriena and British
Blm companies who want to make money in Asia:
Always remember that a film should be a movie and not IL talkie.
sthouse
A good filmi itself without dialogue.
some
make loans
Concern
Government
CongressBEN and economists hove bem concerned that the current-
of
The Federal Reserve Board's in with the Elsen- action les hower administration action last week-end increasing down pay- mezt requirements on hones and
fur shortening the terms
| mortgages--buth moves are de- signed to protect the buying power of the dollar which hus been relatively stable since 1952. Today's rise in the discount rate is the second this year.
Sydney Campell, Heulers' correspondent, raid
explain Onassis Said al
Mr Loke, who owns a chain of 40 cinemas in Singapore and Malaya, was leaving by air for
and home Amsterdama
after
falks with the Runk organisation
acquiring on plans for
more
property and building at least
six new cinemas in his territory.
He tol
or British
Resto
"Amer.cm
are
Alme which
benters going to be world Asta should have action spectacle. Those are the two most important things.
WANT PACE
Planning Whaling Expedition
Hogota, Aug. 3.
Multi-millionaire Greek ship- owner Aristole Onassis was re- ported by shipping circles here Today to firs preparing a new w-baling expedition along the South American cuast.
The some sources said that Mr Onassis bas suggested that
terri-
"Prople want 'pace. It is the his whaling fleet might approach cuiting and editing that really the units of Colombian
At present there make a Blm go not juditorial waters. japtrue horses and shooting. is a press campaign Bagola,
ftor urging add: "Just
Colombia to adhere to the war, British films were not the pact between Peru, Chile and
In popular
and Equador, fixing at 200 miles the Singapore
tool límit of their territorial waters. Malaya, because they
werk
anch Franco-Presse.
Mr Loke
Insular and depended too
on dialogue
But they
improved tremendously
Crease
tut the rists
in the German and Belgian n.1, and the in- In the ciscount rates of the United States Federol Re- that serve
testify inflationary
pressures
not world-wide pomenon, confined to Britain or any other single country.
Danie
are
Dearer and tighter money is also
world-wide almost prescription for containing the Bitlationary pressu, es,
Nearly All
Nearly all the major In- dustrial countries are having a boom.
****
They are now getting the quickSERIOUS 'WAR' tomaton
movement that is so essential
of
can
Sudan Scout Shows How
He Hunts
Alexander Apaya, aged 18, of Khartoum, Sudan, demonstrates how to use the bow and arrow he uses for hunting, to Scouts from Belglum, Sweden, Greece, Germany at the Lon- don International Camp at Gilwell Park, Chingford The opening ceremony was performed by the Archbishop of Canterbury, Dr Geoffrey Fisher. Over 20 nations sent Scouts to the the camp, and between 800, and 1,000 Scouts are under canvas. — Express Photo.
SPACE MICE RETURN WILL BEAT
Forty
New York, Aug. 3. mice and guinea pigs frisked in their cages today at International Falla, Minocenta, after travelling higher than any living creature has gone before.
They were parachuted to earth balloon from huge plastic
j after a 20-hour flight which took them to 125,000 feet over Minnesota and North Dakota. Tomorrow or Friday Fome of the animals, all of which suffered no !!! effects, will take off on another light in air air- conditioned cage.
They are being used in a series of tests made for the Air Force by the Winzen Research Com- pany of Minneapolis.
These are to study the effects of cosmic radiation +1 high altitudes.
Mr Otto
Winzen, headl of the Arm, Sald Monday's flight car- ried the animals and Instru- ments higher into the strato- sphere than ever before, all
the instruments too were andamaged in the return to earth by parachute. The balloons are 240 feet long diameter of 172 and have
feet.
Instruments on board enable Winzen scientists to follow the course of flight.
At set times, the balloons dis-
Integrate and their fouts earthwarda. Mail Special.
cargo China
AND MAN WILL
USE SEALED CAPSULE
་ ་
By Fraser Wighton
Copenhagen, Aug. 3.
Space pilots will be ejected in a sealed capsule from their inter-planetary craft if an emergency escape becomes necessary, an American astronautic expert said here today.
BusinessmIČU arc seized with the optartungus of new dustrial revolution, based parli- year's demon- cuterly on last stration by the United States administration that Republican the boom-bust cycle
bo mastered; on the great improve- ment in international politics; en the world's great need for development; on the
achleve-
of ments and possibilities
andi atomic energy and on the general atmosphere Rome, Aug. 3. "AIW
the i what studying
buoyancy and confidence. A policeman fast night saved
Nobody • wants 10 stall the crities write in the Landon rese; Jan eight-year-old boy from be- papers, anyone would think that ang hanged during a mock war ers in couch country have to the British cinema-going public between two gangs of children.
highbrow. In fet it is very
The boy, Luchino Bleet, hatt stop it getting out of hand,
They have to do it by the nothing
of the sort. Intelligent | been captured by the rival gang,
direct effects of higher bank people
read wast the led to a tree in a lonely field | may critics
but they do not say.
near here and a rope knotted rates and skuillar measures.
In past times, a rise in bank cúways Lake their advice as to round his neck.
direct effect on what to see, The British publike He was hanging from the like sentiment just the same as tree, kicking desperately, when stucks (inventories) by making it more expensive to #nance the policeman happened to pars mor
them. £15 main effect was o To make life possible on such "It is obvious that at some by.
a ship it would be absolutely point probably in the neighbour- business psychology.
Nowadays as British experi- necessary to shield it from the hood of 90,000 to 100,000 feet the ence has shown this year, it is excessive
pressurisation of the ambient difficult to depress businessmen violet light present outside the atmosphere for use in the cabin who are feeling buoyant-Reu-earth's atmosphere," he said."
ang
other public.*
Mr Loke came to London to
set up a head office for the The other children were Singapore Telephone Boord of standing round, watching. which he is Chairman.-Reuter. China Mail Special.
19
12
British Crossword Puzzle
A
2
$5
4
5
6
8
10
bosan
rate
ter
had
the monetary co-
BOY SCOUT AIR-LIFT
London, Aug. 3.
Delivering a paper on the physiology of space flight to the current Congress of the International Astronautical Federation, Mr Fred A. Hitchcock of Ohio State University forecast completely sealed space ships provided with artificial atmosphere.
an
amount of ultra-
18
and cockpit of aircraft will be- Mr Hitchcock was addressing
come impractical. It will then become necessary audience, representing
to resort to countries and including dia- complete sealed cabins provided tinguished astrophysical authori- with artificial atmosphere," he ties from the Soviet Union. commented.
Grim Picture
On relatively short duration fights this might be accom- Mr Hitchcock painted a grim plished by compressed oxygen.
from "In the study
we are con-
A thousand British boy scouts picture of the hazards will fly the Atlantic in a feet which the space pilot must be (ducting...we aim to provide
protected if he is to survive his an atmosphere
of 14 chartered planes —
the
u!
the cabin
inter-planetary adventures. He which would make it unnecessary world's largest ever scout air-pointed out that at any higher for the pilot to wear an oxygen lift to attend the eighth world slitude than 03,000 feet the mask or a pressure suit. Jamboree at Niagara-on-the blood and other body fluids
to 28
Lake tover 10,000 scouts from nations,
Ontario, from August 18 actually boil.
it was announced here
"Emergency escape would "We have reached the con- under these conditions be accom
by the election of a 50 clusion thal the psysiological plished comped together for and pathological effects of ex-sealed capsule in which the pilot. the Jamboree In the tent eity posure to altitude in excess of would be separated from his ship at Niagara, will run their own 03,000 feet are equivalent to in case of serious impairment to hospital, shopping centre. news those that would be experienced the aircraft," he said.
13
14
15
117
to
18 19
20 121
22
23
24
25
26
27
23
29
ACROSS
1 Cleans with a brush (8).
5 Humid (5).
a Part of a helicopter (5).
Annul (6).
10 Nudo (5).
11 Middle part (5)..
12 Press (4).
13 Trunk (6).
18 Rigorous (8).
18 Himalayan cedar (0),
20 Purloin (5).
22 Couple (4).
23 Substantial (5),
26 Musical note (5).
26 Being helpful (6),
27 Parts of speech (5).
28 Rule over (8).
20 Menace (d).
DOWN
1 Hides away (8),
2 Turncoat (8),
à Concoct (4).
4 Comforted (7).
6 Giant (7).
6 Speaker (0),
7 Outhouses (5),
14 Connection (8),
15 Completely (8).
10 Men of unusual wisdom (7),
17 Brave (7).
10 Relieving (0),
21 Commonplace (5),
24 Platter (4),,
YESTERDAY'S CROSSWORD.----Across: 3 Acro, 7 Weird, 8 Vain, 9 Sage, 10 Dimpels, 12 Ito et 16 Arose, 10 Draw. 10 Reins, 21 Tries, 22 Sent, 28 Evlet, 26 Pass, 20 Altered, 30 Call, 31.Soya,
32 Decoy, 33 Rues. Down: 1 Remit, 2 Prepare, 4 Clase, 6 Ever, a Tles, 9 Blow, 11 Erase, 13 Exit, 14 Tosh, 10 Erect, 17 Stop, 18. Dica, 20 Enteroð, 22 Siil, 24 Vahươ, 25 Demon, 27 Agog Scar.
28
cinemas
and
a complete vaccum," Hliclfcock said,
valet in paper. service.-Chino Mail Special.
TO NEXT PILGRIMAGE
Mr
One
System
"Therefore it has been our One system being investigated contention that from a physio-was a liquid oxygen container
ON THE ROAD |logical and medical angle nights through which the cabin air at an altitudo in excess of would be periodically circulated.
believed
this system 63,000 feet are to all intents and was
would be adequate for lights purposes space flights,"
lasting several days. that Some engineers felt
Mr Hitchcock said scientists service cellings of jet aircraft should begin investigations of could be extended
as high as the biological method of 100,000 feet,
conditioning sealed cabins by Flights had already been made establishing a balance between to altitudes as high as 90,000 feet some form of plant life and the though as a rule by the use of human occupants of the sealed rocket engines and the maximum cabin. The dervish, who has n' long,alikude attained was the top of: flowing beard, hopes to reach an are. Cruising at such ex Mecca in time for next year's tremo altitudes
was not possible. pilgrimage-France-Presst.
Teheran, Aug, 3. Sayed Yusset Hosseini, a Pakistant professor of gymnas ties, who has become a dervish, arrived today on foot in Teheran after an 18-month walk from Korach!.
yet
Discussing the dangers from cosmic rays he sold experimenta were under way to determina their effect on small animals.
His Lordship Committed A Grave Error
LORD
London, Aug. 3.
(Bertrand Russell Ittanell) the British philo- sopher, today apologized, for "a most regrettable error" in saying that Profcator Maz Born,
German - born scientist, har refundd to endorse
statement Last
the
The
...
month_warning of the perils | An announcement, of nuclear warfare.
statement, signed by clot eminent scientists, including the late Profesor Einstein, wax made publie at a press
olven here conference
by Lord Russeli today, makes. It clear | that Professor Born expressed. himself willing: "to sign the statement, and adds that Lond
on
Fo
July 9 by Earl -Russell. was stated, at the time, that Professor Born had refused to endorse it,
«« Russell" ́ ́ tokes' full responial-
COLONIAL
OFFICE
-ONE DAY
Salisbury, Aug. 3. Lord Malvern, the Federal
Prime Minister, told Parlia ment this afternoon that the only way
to make Rhorlestu Federation work properly was to have one public service commission to supply civil servante to all four govern- ments in the Fedoration.
In
At present, almost all civil servants in the Federal Civil Servico were seconded from the three territories, he said. London addition, the Colonial Office supplied civil servants to Northern Rhode- sla and Nyasaland and Southern Rhodesia supplied Hs own.
Lord Malvern said that as long as civil servants were recruit- ed from different places and as long as they would not necept transfer, the required loyalty to the Federation would not 'cxist "The Colonini Offee is fighting it, but we will beat them one day," he said.-Reuter.
King Haakon's Birthday
Oslo, Aug. 3. AJORWEGIANS celebrated their alling King's 83rd birthday today by
wearing the flower that sent thousands of them to prison 13 years ago. On this day in 1942 they wore carnations in deflance of Nazi troops occupying the nation. The Gestapo groled thousands
for the demonstration. Even children'
seized wero
for marking that birthday.
This
King Haakon the VII, the world's oldest reigning monarch, was in wartime exiled in Britain then. A stroke of bad luck kopt him from viewing Norway's celebration today. hin was to be the greatest
coincides birthday. It
with the year-long commemoration of his 50th year on the throne. But King Hanicon, active In his 82nd year, fell and broke fra leg a month ago. Today ho was a lonely old man con- fined to a hospital. By his were no own wish there official celebrations, United Press,
**Belgrade, Ang) 9.
dan- A troupe of Yugosla bility for the error and cers from Belgrade will spend a
tenders his apologies to the month in China in September 10
Profemor—Rekster
the Ars! Yugoslav artisto
visit Chiria. Reuter,
Pago
3
SAAR REFERENDUM LEGAL CONDITIONS Requirements Fulfilled
London, Aug. 3.
The Council of the Western European Union said tonight that the legal con- ditions required for the organisation of a referendum in the Saar have been fulfilled.
A statement issued by the London headquarters of the WEU confirmed that the referendum will be held on October 23 by saying that the three-month period, which is to elapse before the referendum, is to date from July 23.
The statement said that the ather Western European coun- three-month period "begin un tries, In partlealar the laws re- lating to the associations and to the press confer authorities
the date of entry into force of the legislative measures promul- gated by the Saar Government (that is July *23),"
The referendum is intended to
fined jn very
on the Saar wide powers de- general termS, enabling them to tako drastic give Saarlanders the opportunity incanures of a preventive ture affecting the trectom of approving tho statute colitical action and the forma- "Europeandsing" their territory tion of public opinion in the within, the framework of the WEU.
Allegations
na-
of
The Federal Government at- to this toch great importance maller, mainly for psychological A special WEU commission reasons. In their view, neither It had received legistatien nor practice in the reported that
Spar have up to the present memoranda from "parties op
due recognition to the posed
to the Saar Government" glven alleging that the new laws dat not necessity of allowing complete freedom for the formation of provide adequato guarantees of fundamental
Western
11:
nental rights and demo political opinion, as is the case
the
world." crálie
Talle freedoms."
The commission stated: "These France-Presse. criticisms could only be con-
sidered Justified if the Saur Children Die In.
Government did not intend to
net In good
fatth. The com-
nisten have no reason to enter
1
tain doubts on this point, and because they held this view that they
their gave
approval."
Wall Collapse
Lagos, Aug. 3. Seven primary school children were killed and 30 injured hero
A memorandum drwn up by today when a portion of the the Government of the West wall of Saint Poler's Anglican German Federal Republic was School building collapsed.
Over 500 walling published tonight by the
mothera headquarters of
the rushed to the school, fearing for
also
London
WEU,
the safety of their children.
The Bishop of Logos in a It said that the provisions of laws voted by the Saur Diet broadcast speech this afternoon "differ considerably from those expressed his of corresponding legislation in France-Presse.
condolences.-
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