A
TRANSPORTATION
THE COMET FOUR IS
;
'A PILOT'S AIRCRAFT' SINCE the Comet 4 entered service with Boxe last October it has made a well-deserved name for itself as "a passenger's aircraft."
First on the North Atlantic
roule,
then on the Far East
route to Hongkong rid Toks Delays Endangering
the lerk Jetliner
իոք
won
prake fur its confef 3101
noothness from the thousand British Shipbuilding
at narsupers who have already travelled in, it,
Butt
the Comet hue alon earner a less wril-known but
ever proaider Lille, by
making
its reputation as "lor's, mit- <rati."
fait, first
* THE CHINA MAIL, THURSDAY, JUNE 4, 1959,
TRADE LIBERALISATION
HONGKONG
STOCK
EXCHANGE
by
Dur Own Correspondent
Little Interest
Shown In
UK's New Move
By RONALD BOXALL
London, June 3.
Businus done on the Hong- A further step in the gradual removal of
kong Stock Exchange this torn. loy amounted to approximately $813.000. Non quotations mu the morning's transaction: were
Mhares Buyers Wellers Salon
HANKS Ek .877.5 FM INSURANCES
Wati:
Lumbard... an
Scarborough, Jung 3.
Jim Mathews, Na-- SHIFTING
Mtional Industrial Officer Waterle
of the 800,000 strong Na- For it has taken the captional Union of General and tier Municipal Workers, warned Com here today that delays were 4 et only for time To
the British sam up their new change as an endangering
1lying staf
iled iverall from t
point of view.
DOCILITY
the
Despite it lafrance L
and thing
Comet 4
Drury 19
shipbuilding industry.
"We have stances presented
where for contracts for j
Whertogka
DOCKS. ETIL Thick
K What
avadent.
505 Spo
20 $0
50 m 30
11
40% 40%
2007 4314 14
12,
K
LAND, ETC.
BK !
HK d
Tarkoo
pesformance, the ships our competitors, notably { Muombres s
Sa eden Replay bees knowa in Europe Germ:ay,
months and J SPA pilot and Holland are
i lavt tenderg); RUBBE mths ahead
Analy for a similar type of tonnage,
Me Mathews.
Its decility and case od handling streal
which condadest wall ite
ste with t nemme reserve.. make it na wiegel vars craft form the point of view of the ants who By it.
At the heart of the Comet
ing engin Tour food 4. B floyee Avon jobs buried its
th
Star Ferry.
"On many occasions we have got to tuce the position that the 17k completing orders "delay
cle 10 activector have hers Which we on the trade
ucion
Tools of its granstul. tapering unde exalt have prevented with wings Each of the
ittle coNOTASSEN 1," develops a thrust
INJ
Avun
10,HKO than
poznali, which five more
engh power to carry it sw REPUTATION
ly
to its operating height
around 40,000 frei, and drive it
smoothly forward at speeds of
up 19 500 miles an hour.
From the passenger's
Wall Street Lacks
Snap
New York, June 3.
The stock market moved irregularly today with electronics Issues strong and blue chips rising fractions to nearly two points.
department
Am. Home Prod.
restrictions on Sterling trade and payments has been announced by the Board of Trade. From next week, a wide range of "dollar” goods will be freed from control altogether received help from strength in and others will be brought within existing year, Eastman and International Am Sugar Ref
'global" quotas.
The industrial
Am. Mach & Fary American Metal Good Am. Natural Gas such issues as Chrysler,
American Belting
Nickel. Wolkeness In United Americani Tel à TH
and Aircraft
In
Tob. "B" softening A year ago only 60 per cent pound would be freely convert-Westinghouse Electric tempered Are
the rise. Du Pont, dipped a Co from the ible to foreign holders, of Britain's imports Bullar
point. free from
This external convertibility 41 support after
Allied Chemical mot A
|}={$win+Lima-Hairy. ailing more than | Ballmore & Ohio quinto milation, compared with 15 per cent of her imports from is called, had the eRoct
point. Though some railak of Montreal Beneficial Finance Western Europe. The removal kung all foreign currencies as firmed inson of nearly, a point Bendix Aviation Corp.
"hard"
as the dollar. For in Atlantic Coast Line and guet Cons of the quota restrictions GR
foreigner
carned alon who
Bethlehem Steel Pacifle worked against Borkut Airplane most kinds of machinery
and every
frea
ple, percentage
were
of
A
chenues's last summer Brough! pounds in trede with the ster- the group.
of unrestrictedling area could exchange them dollars, dollar heports up to 73 per cent. at the offcial rate for
Hem imported into Bri- beralization very
that was as "good as gold."
Now the Intest
Aluminium
Aluminium
and
20 21 22 2 brings the figure to around go thin was paid for in currency strong
Restricted
spochut
Mining
Borden (The) Co
išurroughs Add Machine
British Amer. Oil British Columbia Pws. were Calit. Packing Corp. люпу
Letty
WOTT 80
Owna, Bk. nế Comm, Campbell Soup Co. Issues, The market Canadian Paelle R.
J. 1.) Co.
· 174% : Pure Od
125 Racho Corporation 151 | Radio Corps, Pred.
Haytheon
40% Republic Steel
Regnald Metal
4234 Hayal Bank of Canada
Be Roebuck 4 Ou.
970
04162
Shell O Co.....
1.
2413
Betowy tores
Bank Rey, Paper
13 Schenley Inci
IG Bout Paper
Smith, Cline & French
Sopany Mobil 011
Delar Alternát
„124 (Bouth Puerto Rico Bugar
Buuthern Co. (The)
|Bouthéri Nattomat Gal
76% | Southern Railway (Com.)
Rtoniard Branda
361
30
G
Standard Oli of Cal.
tandard Oil of Ind.
Standart Oil of N.J.
Sleep Rock Toronto Exge.)
1942 | Sterling Drug Co.
22 Stokely-Van Camp.
2344 Blond & Webitee
however,
faint-hearted
and
Celanese
C. Tradlor
503
<. Financial Corp.
Go
#
Why then continue
пар to dis- lacked criminate against dollar import? thowed only Even with this Intest liberalisa- attempt to challenge the recent
| Chore, Mabbit. Bank dollar high in the Industrial average.
Chrysler Mours While Motors pet new high Clutt Peabody
tion
mensures. some
Considering that for the past goods will still be mabject to the
limitation and other on a rise of more than three Qiroly-Palmolive Co 20 ser dellär goods have eliher qual
points in the truck section, been refused admission to Bri-entirely prohibited.
Goodyear rose more than two In the tyres. American Tobacco, Liggott & Myers and Lorillard the
or
have.
the severely restricted, the news that, z0ost of them can now be freely im 500172 ported created little interest, 20 371,
20 e 334
By Geal.
134, 1370
Laza 105 106 1
2223 340 273
UTILITIES
den 20.30
10
3117
Vauzimati 4.
16
29 M
Inin
17.49
10
19
10 17:50
27.40 27.70
Macan E Tehnikom.
20.20 2024
INDUSTRIALS Cement...
1017.
KTORES, ETC.
faire
G
14
14 RO
]!!
500 17.30
ob:
510 2003 5.05 1.13
2000 or $10
Al employer and tole hai that British shipbuilding had point acquired amongst foreign | Water
of view, the rate fenture of owners the reputation of being ) . Craw
Ru jet engure such as the Avane industry which bits southness and complete always be rebor
cult t
COTTONS
u to de- Textile-
luck of vibration, in sharp con- liver ships on the dates pro- Sanyang
trast to even the most efficient
of piston engines
REVERSE THRUST
Suon
100. The Rolis-1-gee
נזן
that with the id. The employer was laiksted | MISCELLANEOUS
co-operation of Vibra
| the unions ships could be dr
Evered me Unc
Avans of the Comet 4 will be After Referring to stoppages
JOYPISC
Atied with
thrust -
Mr a. the industry.
Mathews which de sall: The customers are going new British device feels part of the stream of jelsewhere and that is the pasi- gests, ush them, not to drive the aircraft forward, but to show th in which we find ourselves
It down oner It has Innded-a i
big advantage on some of the world's miller airtelds.
now,
Four years ago we were the world's leading shipbuilding no-
13
INVESTMENTS
Allied
1K & FE
Invent,
4.29
42%
12'
13
This was partly because the measure was foreshadowed some 1929 20.30
500 260nths ago, and partly because 26002803 wens in any case inevitable.
Lovel-up
The Board of Trade explains: we were to treat all imports
д sources
All from dollar respects and at once like in- parts from Western Europe the on the balance of pay-
OUT
sources
| WCTO strong spots 21
tobacco. U.S. Gypsum rone 2% in the building group and on Glass also was up better
than two.
Electronics
Zendih rose more than four, more than
three und Motorola nearly three im in the electronics. Addresso
nirbakar Packard Corp.
Bunk Minne
Bilt & Co.
Texas Co
Textron Inc.
#lokal ein.
215 | Tide Water Assn. Oil
Time Inc. prenagkak Tri-Cont. Warrants.
90
Del.
Colombian Carbon Co. Commercial Credit Consolidated Edison Cinental Onl Crane Co... Crown Zeilerbach Cuban Arer. Rugar Diamond Alkait Diamond Card Dominion Sto Dow Chemicals ..... Dupont de Nemours
| Enstern Airline Eastman Kodak
El Paso National Gas Last September the President | štrain
Fanity Finance Corp. of the Board of Trade told thements might be too great. Wo Texas Instrumente 2400 0 2014
Firestone Tyre & Rubbse Monteval economic conference do not wish to meet this prob-
Fit Nat. City Bank alem by scaling down
Ford Motor Co. of Cana. that Britain hoped to make
For Motor.... start an dismalling dollar imports from other
and graph-Multigraph ran up three Georgia Pacife port controls in 1959. He went prefer to work towards o stage in the office equipments Bell- General Dynamics
when we can "level-up" Our Hewell gained two, Cutler-General Foods freedom to imports tromi dollar Hammer rose better than three General Motor sources to match completely the points. freedom which we allow to Stone & ports from Western Europe,"
1000 4.30
Discriminated
General Blectric
Partmount Pictures, Gen, Pub, Utt
Webstor, Hammond Gen, Tyre & Rubber
Getty Off Organ and McKesson & Robbins adora Co. rose two or more.
Goodrich (B. F. Co.
Today's volume was 8,910,000
"First we should remove con- trols on as wide a range of con- sumers goods and foodstuffs as we could. Secondly we should establish or increase quintas for judgment items, where in our 2000 430
liberalisat the cost or total might be greater than we enula | afford at the time. The next Except in a few special cases, 822 were higher and 403 lower.
United States has not stage would be progressively to the increase these quotas until the restricted imports from Britain was 1,450,000 shares.
Bonds although for twenty years Bri-
volume amounted Items were completely free.”
Exchange Rates
Even without this, however, tion. In the following year wa
amant fell back to secure plate und : unwiffelal The Cat 4 mak prst day t altar in 1 year we were third."
14 land and take-all i ality from virfields which in the nin
Me Mathews Thought Britain, are no bags than ther needed might fall back to fourth place for existing papeller-driven air-breuse Sweden is coming up erati.
Its amazing ability to l
from the runway Im-
mbately after take-d
21
that, even with a heavy huel, a Coneet 1 estu often be some 100 feet in by the time it passes aver the edge of quite small air- Behis.
This is important point, ton, to people yling within e.r- shot of a saleta atrpark, for H1] means that the Comel 4 ks usual- ly high over their heads before the sound of its engines reaches them.
INCIDENTALLY
inrideally, the Comet 4 s recently been inded" que from a particularly exact- New ing souice-the Port of York Authority, which has com- merded Base Tr the way in which the Cimet 4; aperating on Unas-Allenute serviços: hire
stringent noise regulitions,
Once airborne, the aircraft is under the control, not only of a highly skilled dying crew, but of ກ whele range cup-to-the- minute scientifle devices which help to make its journey smooth and uneventful one.
One of the most important of these la the search radar mount-
ed in the post-an unstecping "magic eye" which enables the pilul to "nen henry cloud and nizer obstacles ir head of the aircraft, allowing him to alter enese so that holated patches nt bad weather do not affect the sonnothness of the fight. NAVIGATION
Navigation at eight miles a nute, 104, calls for a host of electranie devices, modern which, in skilled hands, enable the crew to keep pinpoint con- trol over the aircraft's course: and position.
the line."--Reuter.
6.
Rus nest was done in the ocul market UVA exchange morning at the following rates
US dollars (per 311 Sterling netry (per £11. Australian actes per £1... Indonesian rupiah (per 100? .. Sunaj izola (per 10
25 Slokapore Straits!
Yesterday's Closing
Indications
Of a total 1,230 iesura traded,
American Exchange
tain has discriminated strongly | $5,250,000. ngainst dollar goods. As an Bow-Jones closing example, Britain exported were: 150,000 cars to the United States 30 Industriais last year and imported only 200| 20 raile,
This statement was regarded American cars. Britain's
ex-
28 utiiltäem 65 stocks
At the time as one of the clear-ports the dollar area as a bonda 1599 est indications yet that Britain whole have increased six and # Comm, future price index
intended free The pound, Inhalt times since the end of the Moody's index
12.61
3D
act three months later it was war and the United States
1.81
JA
Goodyear Tyr▼
Grammas Alterati
Gulf Oil CRATE
Hammond Organ
51
Twentieth Century Fox Fit tinlon Carbide....... Unlar Dil of Cal
Union Pacific Railway United Aircraft United Fruit
314 United in Cut
U.S. Fot) "D" 84. Gypsum
154
U.S. Line Co. U.B. Rubber 3.B. Smelling
U.B. Sterl
21 0.8. B
1.P.C. PT Warner Bros.
75% Waukesha Motors (x) 103
Westinghouse Alt Brake Wernatiouse Electric Wertem Union Tai, ca. West Vs. Pulp & Paper
Winn-Dixie Stores
Woolworth (K. W.)
71%
114
501
CEN
D4
B01
Zenith Radio
515
23
ป
FAST
FREQUENT SERVICE
115
Heyden Newport Carp
Hamertake Mining Co.
volume
Human Refrig.
Idaho Power
to
Imperial Chi
Ingersoll-Itand Zeland Steel Co. averages Interchemical Corp,...
int Business Machines Int'l Harvester ......
announced that henceforth the now her most important single Closing Pricos
COMMODITY PRICES
SUGAR
NEW YORK
All prices in cents per 1b;
Contract No. 4 (world)-
Dee Jan. MariĄDi Mas Jonu
export market.
Abiti Pwr. & Paper Algoma Steal Corp. Britain now has a favourable Allied Chemicals balunce of trade with th♪ United | Ajled Mills-ine. States for the Arst time since All Chalmers
Am. Brake Shor 1865, and in April, British ex-American Cable
Radio Corp. poris to that market reached the record figure of £30,000,000. Amer. Fozen. Power
American Cyanand Co. London Express Service.
Ami Guả & Electric
637.39 International Nickel
164.53 International Paper
23 42 Int'l Tel & To
214.30 John-Mawile Co.
31438 Kaiser Industry
153.14 Karana C Power & Light
393 50 Kennecut Copper
35
2711
Kimberly Clark
Easton La
Liggett Meyers Tob. Co.
Lily Tulip
Lockheed Aircraft
Loews Incur
12017 Lane Biar Cement Co.
42). Lowenstein Sona.
EP
03
McDermott J. Ray McDonnell Alceraft
Block gt.)
19% MẸ DĨ Iran Corp.
GOW
Misoowatą. Mining
· 1456 | Mimion Development 的 Monsanto Chemical Co.
METALS LONDON CLOSES HIGHER
NEW YORK Closing prices, all in cents
London, June 3.
Montgomery Ward
Motarote Tie
Reg.
(Am
Nationaḥ, Diecult · Co. Najional Casts Nailonal Dairy Prod. National Les National Stevi Corp. New York Central Noranda Mines Ltd. Norfolk & Western By. North Amer, Aviation North-west Aletines (Com.)
The stock market closed higher today, buoyed by good in Mathieson
Industrial news and company statements,
|_ Browery -- Blocks--wers -- the feature on the nows of an offer by brewers Indo Coope A to take over brewer's Tarlor
21.40 21.30
21 30
SAO PAULO
July
$6.40
Ori
LG./I
Dec
AN 110
(All prices in cruzeiro per per 1b.: kilo) -
July Sept.
Oct
・Mrs. MAY July Sepit Spot-1.0.b. Kubai Open interest: 6,652 contracts,
2.03-04 2.902
2.04
Average price in U.S. at 14 designated spot markets! 34.63
Lead July IT 330
Supt. The July
10.401
3.00
FOT
Tin
July
Sept.
...... 101.28 ... 101,000
219
LONDON
Contract No. & (darnestle)
July
14
Supt. Nov. Blar.
Open
1 BA
5.01
Spot-edit. NY, ex-dulgi
Interest: 4,385 cũntracta-
NEW YORK
futures closing Rex rubber prices, an ecuts per b
Buyers Sedera
3-month
The out....
787 707%
7001% 788
Copper spot
23341230
July
15.75
3-month
200
UPI.
Leact ist half June
70
Sept
38.30
Det
Sept
14.09
Zine 1st Laff Juise
Nov
34.09
Bept.
Jes.
34.25
May
July
1405
UPI.
COTTON
NEW YORK
All prices in cents per Ib. Knut
July
Opt.
Butty
Mar
May
The Comel 4 has a flight deck į July
Oct.
erew
navigate
of four
and to y captain, frat
officer, duvigator, who as a rule
is a qualifted pliot himself, upd
3.25
34.6
32.07
34.4
32,10
RUBBER
SINGAPORE
All prices in Straits Cems per
1b. 7o.b. Malayno poris;
All prices in pence
102-1013
10912-1912
100-100
901-1331
101-1013
DOLS= GOLL
Elsewhere in the Industrial: list engineering shares finished strung. Mein]" box improved Closing prices, all in sterling following a good carninge unofficial after- | statement. Colton textiles and
per long ton,
noon session:
י נז
-UPL
FOREIGN EXCHANGE
NEW YORK
Closing rates:
Canada England official
..youficial
10-day
10-day
No. 1 June
July
No, 2 June
22.01
No. 3 June
22.10
Spot rubler unbticu
30.10
Blanket crepe
No. 1 pale crepe
19335-103
NEW ORLEANS
LONDON
All prices
in cents per lb.
34.00 0.
per lb:
No. 1 Ras spot
2016-2012
32,55
Settlement house term
30.54.
July/Sept.
32,00
Oct./Dec.
2011-2013 22015-201
|Bouth Africa
India
30.01
JMJDec.
Pakistan
23.00
Apri/June
H
30.08
General markets, c.l.f. basis, ports:
Juty
20735~2016
Bopt
ZA 20%
Late Cr
thin July
thick July
a flight engineer, whose duties Spot include supervising the rows of
July
Oct
dials and lights which indicate Dec. that the engines are functioning Mar. curreetly.
May
July
The crews, of course, are Oct.
intervals, regular changed at since flying regulations strictly Imit the working hours of all Comet 4 crows.
LIVERPOOL
All prices in pence per lb.;
American Contract
So, at intervals throughout its Alght between the Far East one - July/AuME.
Oct/Nov.
Australin
New Zealand
1.04 3/21
2819
2.81 9/23
storen were higher,
Gold, stocks were mixed and dull under American copper Influence. Oils were
Closing Prices
Tjettimia
2001.
Consule
Glitadged Flandr
Conolon
ECEM.
Transport 3%, 1978/15--
Oti
Owen ors
Glam Oxford Paper Co. Pactfie Gas & Elec
Food and Tekacro- British American Tob. Co-Pan
Imperial Tybacza. Ce LH 191,
Brilish the gen Lid. Ord-s kdaj
Canadian Paclé_Nly—453%. Tanlop Rubber Co-30% BAV Hoạt Trong A Cha Gi Imperial Chemical-98 Lyons & Co.
Unilever Lid-10% 14.
15d.
Paper Bowater Paper Corp Ord-800-
Radio and Rincizíza)
Associated Electrical- 34 x4. Electrical Musical—¿za, ka English Electric Cod. General Decicio-39% $2.
Shipping
Indo-China Steam Nov. Co, del und the xd,
Steam Navigation def ord
Flores
Great Universal Stores "A" TING.
**==£ DO{},
Loun
%, 1000-
1050064
Funding LOED
03-9/10
Block 3%. 1999/2008–
Funding
£73-4/10
Funding Loan
2001.
1080/0
Savings 3%, ISIS-ENIU. Basingy 172 2000/10-15%. Savings 32, 1055/70-15.
Bank "A" LAB Grou
Harclay's
50# 1d.
Chartered Bank-the. Hongkong-#{}}
་
AMSTERDAM
LONDON
Closing Tales:
New York
Montreal Arnalerdam
All prices in guilders per Comelhagen
kilogram, c.i.f. June;
2.30 buyers Pale
2.81 5/10-231 7/10 8.7098-1-903|| 140.20-140.53
20.03121-20 0
Union Tawurance Canton-24}1.
Aireruis and Mo
TEMILIAN MOVEr "Corp. Orl-15% #2 Execapital cur.
Ford Motor Co-Bla
Üzawacier
Deller Conaty 4lekk
“Milling and MNDZIAIS
25.50
$1,55
£1.10
21.30
No. 1 rubler
Mixed Contract
No. 1 rubber
July/Aug- Dey/Nov.
03.75 11.95
Nu. "No.
drepe
Britain, fresh crews are waiting Dec/Jan. to take over commanet from Mar/April their colleagues, who go off duty May/Juna for a day or two's real und re- laxation before taking over an- other aircraft.
ratuitoirt܂
L
18.70
3.03. buyers | Blockchane
2.35 increen | Minty
2000 BU Farm (Zurich
-UPI.
Woolworth F
Textiles Coati 3 & 'P. Lid-20 34. Courtaulda Lid=37% 4%d]"
Anglo-American Corp of Boutia Cone Goldfields of Bouth Africă- Cans -Line Corp. Oyl-Me id, De Beers def-lie 156a. Froedtale Development & Invert- Hongtongando Tisd
Con Ad
brieteniein Goldmining--
Boylbers" Kinia
110
.
Amoclaten Puri"nd Систе 4.
British Boruta Petroleudi. Bendi-
"Pinchla zohnson Associates Ord-
2te cor
+
Dutch
Petroleum-
17439
Coul, Minni and langtzunezis
Virberg -LAR-SIS" BA
American Airways Paramount Pictures „Parka Davia. Co..............
Pency-3-
Phlip Moretz ..... Pitney Bowes O Procter & Gamble C
Pittsburgh Piste Glas Publicker Indust
TO
EUROPE
and the USA on Pan Am
World's Most Experienced Airline
far reservation, call, yber træysi uport ne Mavoodri Rasse
PANE
AMERICAN
Pan Amerkaya Wield Memową Ina, Turpreted in the date of Hour Teri, U. & d
P.O
R.M.S. "CARTHAGE"
BAILS:
NOTICE TO PASSENGERS
BAGGAGE:
Friday, 5th June at 5.00 p.m. for the UNITED KINGDOM, via Singapore, Penang, Colombo, Bombay, Aden and Port Said,
Passengers are requested to wand ALL BAGGAGE to the Hongkong & Kowloon Wharf Co.'s Godown No. 2 GATE, CANTON ROAD ENTRANCE, by Noon on Thursday, 4th June.
SPECIAL NOTE: With the exception of hand packages carried by passengers themselves, ALL BAGGAGE muaj pass through the Wharf Company's Godown for loading on board by ship's slings only. EMBARKATION: Passengers should embark between 2.30 and 4.00 pmižon 10h June, 1949.
Subject to alteration with or wiffiout notica
N