What's best in Kowloon?
THE CHINA MAIL FRIDAY, JANUARY
IT'S SO HARD TO SELL A CAR IN THE LAND OF TOO-MUCH-OF-EVERYTHING
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03
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Cold Wave
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T
IS AMERICA'S BOOM
WO friends of mine were strolling along Third Avenue, New York, last week. In
a car showroom they saw gleaming new Cadillac price- tagged at $5,000.
They went inside and asked the salesman how much he would take for the
car.
"Four Uousand," he replied. without hesitation. Then he ackled "t's yours for fifty down."
So for $50 just under £18—— my friends. could have driven off in the latest model of the "ent of ens", dhe Rolls-Royce of Amerlea,
That Cadillac story is IX isolated epimxle. It is typical of what
happening in caz showrooms all over Americu.
Δικέ
danger: the manger of tracte recession and enemployment not caly nerous The Atlantie but i Britain as well.
1 year the American car factories enjoyed their biggest boor, with output soaring to a A ver-before 1,000,000 cars, But Low,
the Cadillac story Khow. the Buto boom ir beginning to us out of gos.
1LN
Over-produced
ABOUT TO EXPLODE?
by BERNARD HARRIS
Whole new towns are spring- Twu courses ite open Lo ing up in the U.S And all the him:-- houses in thern are being bought by instalments.
So far there has been tie frouble, Defaulls are officially reckoned at under one percent of credit sales.
But the re-purchase debt is alariningly. It is increasing valpacing the rise in the income of American familles. Only
sight setback in trade would be needed to cause
trouble in millions of American homes.
And the les between America and Europe are so close that these troubles would soon ripple across the Atlantic.
The edge would quickly be
CAs are being over-produced. rubbed off Britain's prosperity. To get rid of them denters Diffeullies In Our bverseas are offering them, us they say markets could soon put an crid "egardless."
to over-full employment.
They are slashing their own profits,
A
What are the chances of such
setback developing In
the
1
rye, oats, barley, peanuts, honey, beans, olive oil, and tobacco.
So far Benson has given away food worth £110 million. He hus sold £150 million at cut payment in focal prices, with currencies stend of dollars. He has bartered a lot more for manganese,
cobalt, and
luminium.
But he has inade no impres- sion on the two most vilal com- modities; the pile of wheat and cotton grows and grows.
How is America to get rid of them in a world already glutted with wheat and cotton?
Warning Voices
FT is there that the risk to the
I time, it is there that s
Already warning voices are being raised.
To vam the goodwill of the train of events could be started powerful farm bloc he can which woul! bring unemploy- mite to support prices. This ment to Britain. will mean still bigger surpluses and s bigger bills for storage, Already the cost of storing the present surplus is running at a million dollars a day.
OR.
CANADA Accuses the U.S. of disrupting her wheat markets, NEW ZELAND complains of a "serious threat to her trade.
mys that if wheat dumping
overseas
purchain »luding
He eun acek to get rid of AUSTRALIA d the surpluses by "give. American aways and cut-price sales. But brings u tali in her own sales this involves the risk of grave she will be forced to cut her doturbance to world commodity overs markels, a disturbance which purchases from could entail a catastrophie drop
The signs are that the food in the buying power of furmers surpluses, plus the top-heavy hare-purchase debt, will start to take the gloss of the Anerican boom this year.
the world over.
The recession may be sharp. It is certain to affect Britain- though that is not to say I sec disaster ahead. America and ourreves have learned a lot
In bulging warehouses molk- hadled ships, factories, empty theatres, oil tanks-in fact, in anything that will hold to gether the US. now content
mountain of fur plates this produce: They are stepping up U.S.?
since 1029. The setback is allowances for used cars which If you look at Wall Street
More than a year's supply of not likely to degenerate into a traded in part-exchange.
More tha # you will get the impression that whent.
year's real old-fashioned bust. Finally--and this the most the chances are oil. For, as the supply of cotton. Three months One thing is certain Every- serious frature of all-they are
Mions of Small American speculator flocks supply of maize.
one can see that sometime there offering "easy credit" terms in to buy. Wall Street stocks pounds of butter and cheese, must be an agonising reappraksul which are easier than anything hilt u new peak day by day.
Plus an enormous assortment of in the United States, known before.
But overnuch attention should not be paid to that.
Families whose
Gests
income sug-
they should be content with
a good used model are
to
The lesson of history, as the economiste ELTO begloning being bulldozed by high- discover again, is that no boom pressure salesmanship in to BC- goes on for ever, just as no free quiring a brand-new maching. ever grows to the sky,
So today six out of every 10 ears sold in the U.S. are on the "never never."
That wouldn't
matter 50
much it it were contined tu
motor-cars.
But other Industries, de
Biggest Risk
in economy becomes over- extended a correction is certain
pite the sunny economic climate to come along sooner or later.
in the U.S., are beginning to run to unsettled weather.
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to
on
And the biggest risk to the overblown American economy
RT HON, RISING PRICE
MINISTER FOR INFLATION
PRODUCTION.
But there's ONE Minister who never loses his job..
Loddon Express Bervice
I'm for the cha-cha
with Glynis Johns
by LOGAN GOURLAY
GS London. Brazz) her leading man
Brazzi, who looks Iko
believe
of myself and other people. It'e a kind of philosophy of life, a science of the universe."
I decided there must bo
I something in "The Work" if it has captured Miss Johns, who
They top are having to lies in its excessive stocks of make it easier for the customer food and other farm products.
These STOCKA, accumulated Among them are the
T was nearly four a.m. Mi household equipment makers, under the fixed price support
in Princess Margaret's emerging as the great screen More than half their output poky cf the
Ad- Truman
lover of 1956, and from refrigerators to ministration
attil piling
"He's favourite night club. ranging
o typical Italian, washing! machines
the result of bountiful But 1oasters to up as
the band was still suppose. It's difficult For vacuum cleaners is being sold harvests, are worth today close playing and Glynis Johns woman to know whether to is sharply intelligent as well as pa credit.
on £3,000 million.
I him or not-especially cherubically attractive. So But it is on the houses to
was giving me a lesson on when he's talking about Just what to do with them
love accepted her offer of future all that contain
unpaid-for is the headache
the more intricate steps of "When he's doing a love scene lessons on "The Work." currently con- equipment and garage those fronting Mr Ezra Taft Benson.
the mambo.
before the cameras ho makes At different times, of coLITSE, unpaid-for cars that the biggest President Eisenhower's Secretary "It's that half-best that's in- you feel that he believes in it from the mambo lessons. debt of all is piling up.
of Agriculture.
portant," she whispered into my only woman in the world.
passionately, and that you're the left ear in that voice of hers which can compete with maracas. can switch suddenly. and talk
Miss Johns is an expert
WHY THEY PRINTED
135,000 COPIES
By NANCY SPAIN
"But the moment 1's over he
the mambo and other Latin- subject.
him.
with
about
is Trial Separation
Mir
on about a completely unromantic
American rhythms. She studied Still I must say it's been them when she visited one of very exciting working
those South American Alm festivals, and she
has
had a Hesitantly 1 inquired fow lessons.
think,
from the man in Miss Jolms's Rossano Brazzi, who plays her
private life, her husband, Latin lover in her new Alm David Foster. "Loser Takes All,” and who an expert on many subjects.
give me She married Mr Foster, who the near is an exocutivo of a leading attacks on the Admiralty over future, Under her Inspiring soap company; in 1952, saying: written.
tution I may www graduato "This marriage will last."
But to cha-cha in 1950.
iwo months. ago it was on- Earlier, over dinner, she told nounced that she had left Mr me she would like to use bar Foster for a trial separation.*
in musical
rather not "rd dancing talents comedy.
much about i
is worth coming home But above this book con- It is well cynisk nor trans one of the most shattering She has promised to
Chinese Croods & Customs Vol. I
Chinese Croods & Customs Vol. 11
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Rupart 1956 Annual
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1955 Cilen Annual, (Bookings now accepted} The Great Spy Scandal (Bookings accepted).
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Намакона
.:
She's Singing
Bay
I said she would be perfectly justified in telling me to mind my own bushess. She told me instead
"All I can say that the
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Available
H.M.S. ULYSSES (Collins, 129. Gd.), a first novel destined to be talked over, Ulysses, a light cruiser, is the $18.00 | argued over, and discussed heroine of the book. The heroes are her exhausted, frost-bitten, 18.00 right through this winter.
The mildly mulitious crew. 15.00
Why? Well, for a start the villain, named Starr, 1x 25.00.publishers have printed 135,000 Assistant Director of Naval
8.50
coples an unheard of thing for Operations, a Whitehall warrior 25.00 first novel.
She might even try a little And will they who orders them out on their singing, as she did in her last 35.00 sell them? I think they will. mission, to take a convoy mermaid film, "Mad About trial separation is still going on For this is a 'book more cruel through to Murmansk on the Men", though she would never I hope we can work things out
Russia Run Cruel Sca,” more
In spite
of hope to rival Alma Cogan in the best way for each other's "The than
Surgeon
"As a singer," Calno
Commander Brookes's
I still she said,
"happiness, annemic frog.” husband? Mutiny but not really as good defence of men alrealy pushed sound like
well beyond their limits with I disagreed. Frog, yes. But It may, or may not, be signi- cold lack of food and sleep, full-blooded.
her ficant that she still uses It announces the discovery and tension, Storr won't listen. I asked about her experiences husband's brand of soap. of a new young writer, a The convoy must go through.
Aiming "Lover Taker All” with. As Britain's leading lady - of 1.00
Scottish
Mr Brizal, and, as though on the screen 32-year-old Mise schoolteaches called The captein has tuberculosis, cue, Mr Graham Greene, who Johns has had other problems 10.00 Alistair MacLean, who once
armport from the mantal... onė. entire wrote the story, entered. 15.00 served in the Royal Navy and The admiral, whose
He stopped, st o
our table and Particularly the problem: of 3.00 has put together his tremendous responsibility the convoy is
chronials with the help of his goes mad. No one can blame said
paying back income tax oather 1.50 brother, a
**I saw, a rough-cut of your earnings ** about: £10,000 期 captain in the him."
aim this afternoon." 1.50 Merchant Service.
picture. And all the
"Not .30, reading world loves
(with 5.00 covary of a new writer, if relatives in high places) trito Miss Johns diplomatically. 5.00 innds to make at least £20,000 murder a rating who could give
Do you think he really sported to bave martial. The same rating, when topped £100,000,$4 a Canker catches fry and meant thed?" asked Miss Johns endange the whole convoy, in
alber he lett
inefficient officer
"T
B&T doetic.
Yours,” said “"Thanke heavens -> 'Eve almost
paid all my tax debis, now.
out of this edition alone. : (Film : evidenco against him át a coured thought it was, very good,” inay, even · bo' able to afford to;
rights are
I voted, e for Me Greene's
MORNING,POSIKALTIWEAR EKANS PAR saked to::zink: the tanker, And sincerity, AND
Normal: print for a first novel The captain of the tanker turda i la not a quality, KOWLOON 1'2,000. (Opt for
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