cesarekaman terisikannusmusbandsmonary artery, he turns the
RANSPORTATION NEW LINER WILL GIVE WORK
ΤΟ THOUSANDS
CANADIAN dollars will help to fill the wage packets of thousands of British workers during the next two years. A start is about to be made on the £8,500,000 liner ordered by the Canadian Pacific Steamship Company a year ago.
The g
in this vestel brings the total of Canadian
ships Facilie spending on
Britain
1930'
כ'.
the
more than £35 million.
19 British Port
The linna, si te le gene Facilities Better
name, to be jer iz Vieknes.
Aurste nas on Tyneside,
THE FURNISHINGS
PORT authorities in Britain
have done much in re- a man wib he cent years to improve facili. employed a vetufpueting het ties, but "there Camisas at the br Bidd 1.
oro no
Reglund at Barm el-Fness grounds for complacency," Many Bams all parts of according to Mr F. D. Arney. Brit will he'n to sul de general manager of the Port
of Bristol Authority.
...
She will be jarger than the En:,: +.[ England,
56,607,000, C.P.. ne
suuden
I do her
Mr Arney, in a speech in which, London, said that war-damaged
largely been Voyage 18 ports had
made meaths wite,
Roux and, in addition, since 1945 Into that Express went 20.006 the mujer British ports had pics of valley. 16,000 pieces a further £35 mition in of loss, furniture, carpets, linen art movements, and even
Brusting
machinery.
and unik Panas-ol British made.
Top favourite for th
ship's
anne
Canada,
Riveting In
1743
i
Empress
Plane Production
A
RIVETING machine made primarily for air- craft production has possible uses in the shipping industry.
are
new
THE CHINA MAIL, THURSDAY, MARCH 19, 1959.
Pago .g
THE GOLDEN HANDSHAKE
Heads Leave: Get Tax-Free Pay-Off
By FREDERICK ELLIS
London, March 18. TWO top company bosses walk out of their jobs --- -and bingo, they split £88,000 in tax-free compensation for loss of office: They are Marshal of the RAF. Lord Portal, who collects £30,000, and bearded Mr Geoffrey Cunliffe who picks up £58,000.
They were two top bosses,
Lord Perial was the chulman earning. 11 sald, £10,000 a yer. Mr Cunliffe, the managing director, believed to be a
£20,0 year.
But these big payments to the
of the £50,000,000 British boss are not happily regarded by
the mon Aluminium combine.
the street, in
Wito applauds even bigger tax-free piyments from the foothol pools.
Why?
One reason is a deep- down anti-boss feeling.. Another is that when ordinary workers are laid off by firms
there often no compensation to soften the blow of losing a livelihood. But the payments to these two Joiner Aluminium chiets are a long way off the record "Lang shake."
1 They quit the Aluminum bedroom afle: a bitter battle for control of the company with
Bagru orlean prezer
and
Reynolds Metals.
THE ANSWERS
The two basses volunteered to 10. They handed 13 their notices just like any Jee Smith an the workshop fluor.
Joe Smith would not collect a pety for quilting. Why, then, should the borses be paid to go and why should the "golden handshake" be free of tax?
The answer are simple:--.
Britain's ldp bress always
the dim
aigus service contracts with They cuntly range from une year to seven or mare, And if the contact is binarn by either side the boss gets piki eff for the balance.
ie added: "Although we are how
position to £1
give better service, a slump in the Shipping "business, particularly in tromprargoes, la being ex- perteneed, and this offers us a further challenge since
In the ease of Lord Portsl it is
Mr Cunliffe it troks more impurtant than ever and during
The though the pay-off thee a stump perind earning capacity of shipe re-years clary. maining in service and measured
21 is inx-tree bertuar a
Is
LORD PORTAL
£30.000
GEOFFREY CUNLIFFE
BIR CHARLES E.
COLSTON
BIN PRANK
.£70.000
CAPT. ALAN KYLE
£50,000
WEB'EST
£30.000
BIMON VOS £30,000
FRANK PERKING £30,000
TRADE IS WAITING WALL STREET
Canada
Warns:
'Wake Up
And Sell'
Top of the table is Sir Charles London, March 18. D. Colston. He collected £83,575
when he quit the Heaver CANADA, fastest growing market in
world, offers
Company.
Runner-up Is Sir Frank the
challenge
a
Spriggs, who recently collected
£75,000 after leaving Hawkets. $5,000 - million - a year
Next in line comes the £80,000
to British paid to Mr George Pate, who used to boss Scotland's Albion exporters to wake up
and sell.
Motors,
And when Captain Allan Kyle left the board of Jonas Wood-
For the boom in Britain's head, the Shefeld engineering
exports to Canada-a jump of a firm, be tock £50,000,
Recently, too. master brewer | quatter in January on last year's Bernard Dixon quit the Flowers | 180.dicure-still orgaunis fol
only one-tenth of the Brewery boardroom,
Loods Canadians buy from thrond. £40,000 hendshuke.
with
1
And Robert Craig Wood, de- parted from Thema Hedley, £35.00 the op giant, with a pay-ui.
XPORTS TO CALZOR.
80% FROM
OTHER COUNTRIES
10% FROM BRITAIN
Britain's exports
to Canada
have risen
s quarter
on last year's figures
IRREGULARITY.
New York, March 18.
Declines in oils, metals and chemicals brought irregularity
Into the stock market today.
508 were higher and 510 lower. American Exchange volume
Today's volume was 4,530,0.0|15 ties alantes Otrtel 1,338 shares 40 bond...... L'omen. future price index..
04,70
5 stocks
211,40
BO.14
147.17
Closing Prices
Alden . Acy.
103:
Allied milix Inc.
was 2,000,000 shares.
Bends volume omounted to | Alfaro Chemntenis $7,000,000.
All Chuimers..
Dow-Jones closing averages A. Brake Shoe
were:
do industriin
28 rails.
610.117 104.07
London Closes
Higher
London, March 18,
American Autre
American Calle
Cerp.
Ankerican
Co
Amer. & Flight
Am. Gas & Electric Am. Bome fro
All
Mach. dry, American Metat American Saleiting Am. Bur Ref. American Tel & American TL. "B" Anaconda Copper Arco Steel Armour
Allas Cons Minion Baldwin-LHD-Tam
Tho stock market closed Baltimore & Oile Beneficial Finnce higher today on yester-Bendix Aviation Corp.
Betlehem Steel
day's rebound on Wall Benguet Cons Street and further optim-Boelig Airplane ism about the upcoming Burroughs Add Machine British budget.
Industrials slacks were selec- tively improved en a number of good company reports. An out- standing feature WAN Hunter, Richardson which jump-
Swell,
And Caneda's 17,000,000 people want to buy British instead of, British" the more direct logen cd more than on a higher Ameriam, the Canadian High sall British." Comunissioner, Mir
by days at sea should be the intract is being boken. EACH WAY BETterday.
maximum possible,
STATISTICS
"Statistics recently published show that an average British Phipping still spends 50 per Wing and fuselage panels for font of its time in port, bul Jet nirliners
being averages of this kind can be rivsted at a United States plant very misleading. In the short by a 21-ton machine that drills, |‚‚a' lundes a vessel might well counter:inks and concaterbares if;pend iwa-thirds
time of its bele, inserts a rivol, squeezes it in part wherens, say, in the with up to 15,000 pounds per, Far Eastern trade. the propor- pare inch pressure, and shaves tion might be only one-third." off the handt at the rate of one
than hal every
livet stends.
fr Arnty suggested that In Bitch ports, ships pre now og dircharged and loaded as
The' machine wet only conte : quieidy as in pre-war, days. pletes a riveting cycle of a my "The Phipowner, however, saya ever previously hebt-vel wi! wife sun fure that this is Mruduellen equipment but It, est good enough – skip design, elso thayes vit ing rivel wersjaj cut and equipment have all And so that they are flush to the improved in recent years panels with's: mie-s "d-a-hall | the owner experts port opera- thousandth of an Jash. Betons to keep in step." dum a humta bair. Sugh wing: surface more brew, I la stried
the future, he forecast, has never before ren-achieved more development in the carry- in con- with high-speed siveting equing of cargo in bulk, nient using 1
izontal talers and in units loads, could bronching rrwe}! for the expected, as well us a fur- the expansion of roll-on, shaving em 1.
10
Much like 4 giant lat roll-off" trofe,
macking, the vivelép is 121% tovt
ligb. 15 feet hang And
8 100
wide and has a fly-font throat
depth. There dingusir Britain's First
mit
the mathing
in
handle
manels up is 12 Jest wide and
2 feet in festin Push Button Cruiser
depth enables it lo rivet shins
·with extremis” curvature.
Oil Tanker
Clydebank, March 18.
And the "golden handshake" is thus echipensation for loss of
Ite
ut
stocks
dividend Engineering were improved but shippins issues weakened.
George A. Drew, QC., sald in Lenden yes- He urged Brilish exporters to
ødvertise r Canada-Just as Slores ratlled sfter #
industrialists told membe
with opening. Steck and dapper Simon Ves Confian Chamber of Cominerze Foods
the Canadian
10 sel le the British Greek and German lines Mee." Thus it does not repre-collected £95,000 for losing his
start advertising higher in the foreign scal pay--and ĥ tree of tuxtos efter he has sold
let Britaja: "We would like to pubile should
in Britain. as a Lew Courts award of com company, Trinidad Oil, to the
(#2 $420,000,000 adverse See
murket. Dollar stocles penation for injuries received Americans.
United ↑ trade balance with the
marked up.. in a car cevident.
States rently reduced by increased exports from Brittin.”
HONGKONG
STOCK EXCHANGE
Our Own Correspondent
Business done on the Hong- kong Slock Exchange this to approxl- morning, amounted mately $1,234,000, Noon quota- tions and the morning's transac- tons were:
Buyers Sellers
*TO
Share BANKS His Bak..
INSURANCES
Lb.nbard
SHIPPING Walichuat Wheeluck DOCKS, ETC.
2772.5
22.00
President
XD
11
10422
cut his
And Frank Periting, the die:el engineer, was paid £30,000 few weeks ago after he had told his company
to Mosizy- Ferguson.
And Sir Jeha Black was
feuced to give up the boss-job
NEW SLOGAN The friendly Canadian market was wide open, but the day of the retler: market
of Standard Motels, fllowing Neither Canadian ear accident. Ic collected
$230,000.
But whichever way the best goes the handshake is generally 22 earst, las free,
Yesterday's Closing
will go breed right to buy..
was gone. Por others
to beg for the
So the time hed Prostitute for the
Since the Canadian trade mis- sien to Britain just over a year. #go, Brilish
experts to Canada had increased last year to the highest point in history. And they already in January 1958
£2,050,000 on the were up by some month a year ago.
And Canadians, he said, inoked forward to the day when the British Government removed its to restrictions an Imports-Landan wards Buy Express Service.
conin
COMMODITY PRICES
FORLIGN EXCHANGE
NEW YORK
Canda 103) 11.20 England celal
THE Tiget, the British LAND, ATA-6-11.20
Miluted.. 24.5) 21.30 1520 34.30 Australia
THE
navy's first "push but-
Charterton cruiser-her guns are
Market Active
ACTIVITY
in
the oil tankar charter
JK Land
2520 21 2030 | New Zealand 1002.40! South Africa 100324.40 Denark
2 24.29
Uruguay
Ostet
1+ 53.75
703 0.33
(KY) 5.35
北
fired by an olactronic com- puter linked toʻradar-was commissioned at the ship- Lond yards here today.
She is the first British cruiservi market but
once again the to have fully automatic arma- major part of the business ment and remotely controlled was in the American coast-engines. wise trade,
8.35
1 5,37%
ichanged,
LONDON
Closing rates were;
New York
Tes
145% - 14.00
1.475533
200 14.40
1833 350
Montreal
30314-0 Andam
Copenhagris
7.00
3.10 1000
1.50
70
2025
O+lu
Vicuna Autrich
205
RUBDER The ship's gonner officer told
Amel. 2.23 203 137) Rates remained fairly steady reporters Today that her ire out-
Try XD. twice that for voyages from the Persian put was more than Gulf and for trans-Atlantic of any
cruiser. A present-day
bualness, but the large hunts Neuter.
of tankers collecting in the Caribbean tres enabled char-
terers to for: rales down for voyages to U.S.N.H.
MEDIUM SIZED
Train
26 20.20 1039 0.10
50021.15
Flying Car To
Star Ferry Youmali
101
C Light
Electric
A Lendon amajor charterer Beat Traffic
was reported to have fixed
several large funkers from thei
Persian Gulf to Britain-Europe-
Mediterranean at Scale minus A
London, March 18. LIGHTWEIGHT flying
A per cent. The same char-car fitted with
heli-tecon
terer also fixed several medium coptor rotor to beat traffic Tel sized vessels from the Carib-jams by flying over them Lean to U.S.N.J. at Scale minus was forecast here today by 47 per cent.
Mr H. Potter, president of INDUSTRIALS still are
The the British Plastics Federd- from
Persian Gulf and there are one tion...
Italian charterers
opcḥ for loandge
or two requirements to US.N.H.
and California.
A
*
105 3.23
#7 100 PA 103 0
COUN
17 1401000
10.30.
26.00 20.00
2300 10.00
600 620,50
Estate C70a tiên trên
thiek Apr. .... SINGAPORE
The market opened
steady
on good track buying and ruted generally steady at the higher level..
No. 1 rubber per Ib. Apr:] 064-01 No. 2 rubber pár 15. Apfi 11-20 1.03-3/30
No,
15 B54-09 21-5/16 No. 4
-281-3/16-2.01%
2.722-2,72-10/16
19.377-40.375 11.30-11.2017 20.04-26.08 73.06-12.8 12.10-12.101
Chera unehREJ.-U.P.L.
RUBBER
NEW YORK
Rex rubber futures oduy cloud 32 to 60 points higher 1000 25.00 with sales of 30 contructs.
1600 ut 24.50
LONDON
31
31.00
32.00
31.05
Spot matre bobaled
Nu pale erepe.
METALS
NEW YORK
Frieca of mttal futures closeri lungy in cents per . s ful-
2725-80
Lend
Alur.
11,00LF
May
11.355
MAY
[0.355
U.PL
Copper
Tin
Mar
33.500
ASAN
Mar.
..Ch 101.871Gb
May
101.75 t
LONDON
COTTON
NEW YORK
Prices of cotton futures closed today as follows;
Spot: 136 nom.: May: 25.41-13; July: 34.00; Det: 32.30; Dec: 32.51; Mar: 31.08: May: 31.92: July: 30.09.
NEW ORLEANS
Prices
of metals closed 10- duy at the end of unofficial afternoon ression, all in sterling per long ton as follows:
Tin ipat
Cinonth
Copper pant
3-month
Lead 2nd half Mar
Leed 2nd half June Zine 2nd halk Mar
Prices of cotton futures closed End helf des today us follows;
MAT: 31.95
Epot: 34.00 May: 39.41; July: 24.63; Oct: 31,27: Der: 33.008; May: 31.90 July: 30.33.
LIVERPOOL
Cotton
future closings, pence per lb. were as follows:
American Contract
March/April
Mity/June
July/Aug
Out Nov.
Dec/Jan. March/April
Mixed Contract
March/April
23.14
-10.09
10.07
May/June July/Aug.
Del./Nov.
Det/Jan,
in
Duyers Sellers
702 78316 2010 23014 24832% 248
-U.P.I.
SUGAR
NEW YORK
World No. 4 sugar fulurès to- day closed unchanged to up oạo point with sales of 301 contracts.
Domestic No. 6 sugar future closed unchanged to one, point lower with sales · 242 can- tracts,
Contract No. 4 (world)
2000 ... 25.08
21120.70
Closing prices;
0.00
24.40 20.00
500 2420
Mar.
2997 6 24.60
May
July
20404:5
Sept.
24
Nov.
Cement
24.40 20.30
Jan. Mat.
23.00
the
STORES, ETC. Dalry Wation
1850-18.40 1300
Tho
Was
steady with epot quoted at 20
pence per lb. Prices;
141 14.00
141%
No. 1. Pay spot
Bettlement house term:
3.80
iboo
April
500
MISCELLANEOUS
Juno,
Vio INVEST Int. Iny Allied
Aprije
204-262
4
| July/dept.
2011-2014
tjefërmi inkrkota, wil daste, poría:
Tolal sales were 17,034 bales, -U.P.I.
Nov
These "auto-helicopidfs" were There was de new inquiry a logical development of in the perlad charter section light construction provided by
was re- plasiles, he told the federation's '13
Craw and only one fixture ported.
Thai Was large onnual meeting.
COTTONS ienker for six or even
Textile The car would have the rotor | Nanyang secutive voyages from the Per-
Gulf to the sian
Continent on fis roof to be opened out to at make it airborne. The engine commencing end-February Scale minus 61% per cent on would also drive a propeller at account of German chariorors. Die back-China Mali Special.
Con-
FFI
May
rubber, market
2004.05 | Mar, April and May
Starch/April
SAO PAULO
Prices unquoled today,
·In
Mayi 504; July: 311; Sept: 339; „Osi: 431) dan: 123 Marele: 331: May: 356, July: 355: Brot-renta per tb, tob Cubai; 303; Open latz- the United States, the average jest: Und contræelt, 2013-2021 price of one-inch cotton at 14 2011-2013 | dezignálód spot markets 20-261 34.30 cents.
was Contract No. 6 (domestlo) ́
Barden he; Cu...
Calif. Packing Corp. Campbell So Co. Canadian Pavlite it. Case J 1.) Ch. Cat, Tractor... Celanese Corp.
Chare Maint. Rank
I. T. Financial Corp. Chrysler Motors
Cluct Peabody Colgate Palmolive Co. Colonias Carbon Co. Commercial Credit Commonwealth Elec. Consolidated on 411Mental Olt ut Del
Crown Zelierbach
were Cuban Auer. Sugar
Diamond Gard bond Douglas Atteraft were Dow Chemica
Dupont de Nemours Ecstern Atrilne Eastman Redak
Gold stocks Were higher. Coppers
advanced and other base metals wero Arm-U.PI,
Closing Prices
London, March 18, Closing prices on the London Stock Exchange today were:
Beltic
£64-1/l
Gitedged Honda
Transport 37, 1970/89–
Cunol 20 - £51. Conenli 12-£7475.
Converstuni Loan, 3. 1009-
£60-3/10.
Funding .Lawn, 3. 1050/08-
£63-11/10.
Funding Block, 21952, 1900/2004– €73-3/10.
Funding Loan, 17. 1000/00-- £2-16/10.
Savings 3%. 1093/65—CKZ1⁄4%. Savings 36. 1900/75-281-91/18. Savings 34, 1963/75–78-13/18,
Hanks
*
Barclay's Bank. "A" Ltd. આ ધ્રુવ.
Chartered Bank-45a 34. Hongkong-C431
Insurance
ord-
ton Insurance Cantan-£46.
Aircraft Motors Btitials Motor Cum Oid-198, Fund Motor Combis od.
Breweries
Dillers Co- 3d.
Building & Materiais Atcelated Portland Cement
514 Ou
72,nehls Jchnson Auroclates Ord- 10% 34.
C, Steel & Engineering, Bahcock & Wilcox Bid-60s id.
Food & Tobacco British American Toh, Co., Ltd 336 od
unperint Tobacco Co, Ltd-57 Nu.
SEPTLENCQUE
B Oxygen fäß. Onk-dis 100, Canadian Packie Bly-150. Demop Rubber Com254. Hongkong & China Ga-151 01. Imperial Chanical-
yonyCo-76#. Unilever Lid—g90 7154.
Paper
1950.
Bewater Paper Comp. Org-43% B.
Rádia 44 Klectrical Associated Electrics)-20# 30. cfscirtcol Musical-001 öd. English Bectric Co-634 20. General Electrļo--318. 33,
shipping indo-China Eteam Nav. Co. def.
El Paso Mali:) GA Family Finance Corp. First Nat. Cs Bank jord Motor ...... General Bynumle General Electric General Fosilk
General Motors Gen. Pub, Dil.
Gen. Tyre & Rubber Getty Oll
Goodrich D, F, "Co. Goodyear Tre Grumman Atterat Gulf of
Hammond Organ
Homextake Mining Co. Idaho Power.. ingergol-Band Interclinical Corp. Tall Frames atüchines
1 Harvester...... International tick International Paper Int' Tai Tel John-Manville Co.
Audit
Kalker Indisktry Katras C. Power & Light Kennecott Copper
Kimberly Clark.... Liggett Myers Tab. Cd. Lockeeed Aircraft Loews Incorp. Lone Star Cement Co Lowenstein & Sons, McDermott 3. Bay McDonnell Aircraft Stock Exga.). Minnesota Mining Mission Development Monsanto Chenileal Co. Montgomery Ward. Motorola National Bival Co. National
Reg. National Daily Flod.
National Stez! Corp. New York Central Neifolk & Western Ry. North Amer, Aviation nekorineworks Alenmag deplaya
Otis Elevators ..... |Owen-Illinois Glops Oxford Paper Co Pacifle Car & Elec. Pan American, Airways | Paramount Pictures
Penny J. C. co. Penn, Salt Co.
Pbilip Morris Procter & Gamble Co. Pillapurah Plate Olan Publicker Industries Pure O11
Radio. Corporalion Reynolds retss Shell Oll Co. Safeway Stores
P. O. Steam Navigation det. Saint (ex. Paper ord--324 94,
Starea
Great Univerál Bioten "A"—351. Marks & Spencer Ltd--57 1140. Woolworth W. & Co-12 IV1⁄2d. Textiles
Conta, 3. 12. LiG-23 Od. Courtaulds Litton3de 30.
Mit
Anglo-American Corp. of South
Af 109 $0.
Cor, Goldalds of South Africa
693, 10154,
Cons. Zine Corp. Ord-Eiz 34, De Beers del-126# Ict. Frea State Development &
ment-02 Bd.
Hengkong Tin-ls ?otsu, Petaling Tin-Band. Rad801010.
Southern Käitä loud.
Beott per
Stair Q
Ruith, Cline & French
D
Apeony Mobil
Solar Aircraft South Puerto Rico Bugar Southern Co. (The .. Howthorn National Gas Southom Raliway (Com.)
Standard Brands Standard Oil of Cat. Standard Oil of Ind..... Standard 11 of N.J...... Sleep Rock (Turonto Expo.
Stokety-Van Camp. Studebaker Packard Corp... Bunshine Mining .......... Swift Co.
Investering Drug Co.
Cons. Lt2 Jexas Co.
**Union: Corp-8!a, Md.
West Driefontein Goldmining
21 Od
West Hand Cong-240 4550.
Brital Domeo Petroleum Syadi. cal73 66.
Brillas
Bubnahgy Co, Li-4. Royal Dutch Petroleum-AIBH. Shell Transport & Trading-34 34.
Neufor.
Exchange Rates
Textron Inc. Thlokal Chem.
Tide Water Arm. Oll Time Inc.**** Tri-Cone Warranti Twentieth Century Fox Film Union Euide .... Unloa
Union Peche alway Untied Airerats - Volled Frull
Untied Gas Corp.
US. Gypsum
UA. Line Co. US. Rubber
US Smelting
U.S. Steel
U.S. Sice] ↑ F.C. P.F. Warner Bros.
Busara was done in the lood Waukesha Motors ***** unmazı
market Dr, Westinghouse Alt Brake rematèrig, es the following later:- Westingbone Electrio US., dellar (per 1)
1.3 Western Union PW), Co. Sterkog natte iper £11
15.30- West Va. Pulp & Paper 8, Beli 301 Kuriralan role, (ber. Cli 1. Win-binje · Stores Spol-ternis par
Indsorsen rupiah :(nur 200) 40 Worwerth (K), Wa NT: EX/S19): 430, Open interest: - Blusti, Licals (ie 100) ....... kim Zenith fradio. 4,049 contracts.-U...
Singapore (best) ****ZYKYČ