Fall
SURVEY
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THE CHINA MAIL, - SATURDAY, APRIL 13, 1957.
DEFENCEL
WHITE PAPER
Opportunity BUDGET
Cuts
WARHEADS
ROCKETS
us. POLICY CONTROLES
NATIONAL OUTLOOK
Intelligence Report
BUSINESS
LUNACY!
by Sefton Delmer
NUCLE
Copyright in
all countries
CONTRIBUTING WAITERS
STEPHEN CONSTANT TOM STACEY
We Are Set Here In Paris To Watch Britain's Priceless Asset
GIVEN AWAY
PARIS. proposition which is being dans, Australians, South Hotel Continental
NUPPOSE you owned quietly initiated
on your Africans, und other Empire meet British
an up-and-coming behalf here in Paris this nacions. business, already week.
worth £100 million, and that your relatives had almost
SACRIFICE
world THE 2100 MILLION 4
monopoly on the main raw material you used.
01
are
in Paris to the British know-how to help atom men who her. And what guarantee is they so there that the Germans will eventually put their best atemie Iccas and andings into common pool?
have the know-how THE FOREIGNERS
the desperately need. Germans, Italians, Greeks, Austrians,
the 12 ther and nations belonging to O.LE.C. the Organisation or Extropean
is the Economie Co-operation, suerlice you made in tax so
Supporters
of the
scheme Britain that British sciartista,
tle-up working to
economi- with with no outalde help, could dis- cally
Europe are deter- cover the secrets of harnessing mined to include atomic power
in their plans. atomic energy,
they
What would you say to
have the idea
taking into THE BUSINESS partnership 16 foreigners bulit up is the atomic-electricity generating Industry on which with practically no assets the Government is bunking to and some of whom cannot restore Britain's prosperity, be trusted?
THE
MATERIAL 13 uantum. You would say it was
YOUR RELATIVES who own madness. Yet that is the almost all of it are the Cana-
Switzerland's
THE
RAW
THE KNOW-HOW
MAJOR MOVE
the
by
They have always been adept More than 1,000 applied to at infringing agreements
be hiding any industrial develop- attend, but they could not
10 packed in the hotel's plilared ments they wanted to keep and grotesquely decorated ball- themselves even such major
projects as building warships.
room.
no
On the surface the occasion ta more than a technieni conference about running stomic power plants.
400 scientist engineers, and industrialists - with But my inquiries convince me names like Kurt Sauerwein, that it is in fact major inve Old Dahl, Bruno Fuchs, and by O.EE.C. to start the flow of Leonard Korsakowski-are con- commercial atomic secrets from verging on the once-fashionable Britain to Europe,
is Mystery
Washington.
THE Soviet Union, by means of gigan- tic deals engineered through Swiss banks in utmost secrecy, is believed
to be in process of becoming a "shadow partner" in American industries - some of them of vital importance to United States military preparedness.
Money
Holds The Atom
This is the main finding of a governinent agency
To let fear of German 15 years' competition in time panic us into a one- Hided agreement Dow fs commercial cowardice.
Like ali the international organisations this atom club is going to cost the British tox- payers much more money than It will be followed by further the grants they are already pro- conferences at which the facts viding to give some scientists a to be imparted will be increas- wook in Paris in the spring. ingly more valuable to the Europeans.
This is a briefing conference for Europe, which is just begin- ning in the atom business," an O.E.EC. official told me.
FAR ADVANCED
THER
THERE is already un O.E.E.C. threo scheme to set up atomic research plants in Europe Britain is the only OEEC. from which the Germans, Por- nation which has any. - tugurse, Turks, and others will Operience of building and open- derive the main benefit,
ting atomic power plants. None
been
which has suspicious. People have
trying to turn in the bonds for
of the others has a Calder Hall The Govertiment has been or the mighty processing plante maliced into helping to finance at which go with 1
Icast one or these, yet it is While post-war Britain made already wondering how it will raise the £918 million it pro- great sacrifices In money, materials, and sweat to prove poses to spend on atom-power
atom power was feasible, production at home.
Sonate "internal security" lately become increasingly con- "Validation".. committee which has been
cerned over the situation. The. investigating the extent and
Only the other day there was thet Slate Department and the origin of foreign investments in the United States.
Treasury and Commerce De- partments are now hot on the and Young bonds to
of 275,000 dollars,
be
trull also,
report In a
about to published the Senate commolitec
will point out that: (a) Foreign
Arthur 1. Bloomfield, senior holdings in the United States economist to the Federal Re-
L
total 26,800,-
000,000 dollars.
(b) The iden-
tity of
the
foreign inves-
Wi-
tors is
known. (c)
The American
no way
By Rene MacColl
Defence Department his serve Bank of New York,
banks it can easily be done
an attempt to "validate" Dawes Germany, France, Switzerland, The staging of this Paris con-
the value and the rest cashed in bh ference convinces me that the
immediate export markets.
Who is behind these attempts? The Russians?
Genova:
It is
Banque
no
AGAINST IT
+
anch a way that "It could not des Bunique and the Buelote change. Officials talked
large
to
European atom-pool plarits arc much further-advanced than the public has been told.
Trade is
60
that the Board of The American Treasury is re-
in deeply involved fusing to honour my of the
They nre NOW 50 for discussions to "Liberalisu" bonds which cannot be proved 20 have been outside Germany behind that they can make uranium and other atomic fuels.
conceivable return of In 1845.
The plan is to set up a Euro- atomle know-how In the
free bean
market
that be- Ernest Ashwick cables from foreseeable future.
economie fuels can be sold
of tween member nations free British scientists and indue import duty. Swiss trialists estimated that
have talked I of discovering testified that if Soviet Russia in banks, including the Big Three here and in London erg strongly exactly who is investing in the bustly buying up American
MAIN SOURCE firms carrying out American
of G securities via tight-lipped Swige (Le Credit Suisse, the Union do opposed to any one-alded inter- military contracts,
Suisses) and the vague scheme for safeguarding number of so-called Britain's more vital trade scents MUCH of the uranium which the scientists wonder will be "liberalised" will Finally, soys the committee, a be traced by the Federal Re banques privers, holding some but great deal of these huge foreign arve Bank or any other Ameri- thing
comic from Canada, and the well over 1,500,000,000 whether this will be workable, koldings "could be withdrawn ean agency",
worth
Canadians have already voiced dollars
of shares L
The only people I can find. er mittivings about this link- on very short notice at any
United States kay Industries
who are really enthusiastle up with Europe because it is moment" thus precipitating a A full-scale Congressional in- large scale disruption of the vestigation into the situation for their anonymous clients. American defence machine.
is certain soon,
Because of Swiss banking for the atomic tie-up are the bound to looten Empiro ties,
Beltais paramount in the secrecy nobody could discover Europeans representing such
owners of this firms as Siemens-Schucker world on the stomie power is bringing Tho Senato committco Meanwhile another aspect of who are the questioned
after the matter is openly worrying vast cum dr what control this twerke, I.G. Mettal, and the know-how which witnes in attempts to discover the American governumcrit au foreign capital would give a Deutsche Badeokwerke.
thorities. Back in the 1920s 850, these anonymons, owners over capital" which has CÓMU flooding into the United States, were sold to Americans: as part United States.
of what were thon, called the
report post-World War Germany As deter som 45 Gilot seized power he of this repudiated these loans,
witness
.
the source of the "mystery willion dolars wbeth of bonds "any z firm of. · Industry in the|
But "these wines a wid Young Johna to Through this loophole it plaids the committee, that there is no way of mining the sources forein' money","
All were agreed, however, That wilsbriand in nine times
mut of tch the clearing house for
the itary deals, lakka
podbic for any person group of person werking fur bemselves br for: A forelan concert or Power to goln Bhan Jon control over sortin But the bonde ware not American industries With anstroyed. They were stored in 31 per cent control la the com Barin Vauliarus captured by pay it may even be possible to the Hulan, athy when they change the Boore Bergkurdelers
about a second volution,
industria2
The O.E.E.C. argument for
The Empire is paramount linking up with these people is that we might be denied any as source of the uranium secrets they may discover in the fuel on which this revolution years ahend If we stand aloof depends. froin them now.
NO GUARANTEE
To disrupt such a propitious partnership
to further a doubtful
is also argued that unless doctrinaire scheme, even
Britain jothe the own if defensible politically,
Cook Berlinin 1048 Lately ory wilt tiruld be bebat hire dormany will eventually snatch
thero has been a number of serious at triijent periods, the leadorskup there. Ke looks like, commercial
The Defence Department 18 fcidents which have made the dinge production standards ne ty say that. Dermany 1 much
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