Page
‹ THE CHINA MAIL, THURSDAY, SEPTEMBER 17, 1959.
EQUITIES VERSUS BONDS
Both In Equal Demand When Prices Warrant
London, Sept. 16. The Radcliffe Report points to their in- clination towards equities, the small demand for shorts (contrasting with the compulsive buying of shorts by banks and others who must have liquidity), the strong appetite of the investment trusts for dollar securities, the backwardness of the unit trusts relative to the United States, and the latent institutional demand for bonds as and when their yields become more attractive than equities.
Against this but were the findings thal the report's
continuing expectation decline in the value of money has become
at
a
stronger than
C
has been in time of peace for several conturles drive
Chat Be
5/11
ден into equities indpercently of laBallon fears,
on that all of it has in balance i been
redirection: N
bmy. As In
America
new
onc
at
may wonder how, if they over mwitched old money out bul ko nuities, the equities could be found."
Not Bargains
the
While
not to bonds tre regarded as friendless al right prices, their present prices are not necesarily bargains.
If they do nderiety well. equities should slotstrip
them,
In the present worldwide thalange of cogitat and after the.
the investment revolution, curvat Lonci yield of five Britain, cent ar EU In per Germany and America is by no means necessarily too high.
to
Rubber
Market
Review
Singapore. Sept. 17.
New York - Wall Street Continues
Cotton Market
New York, Sept. 17. Colfon futures today swit-
ched over to the reac- tionary track after a previous two-day
vance.
де
Closing Ch a resellon the
a slowed net losses of four to 12 points. The market open- ed up one to off three points. New Orleans closed off three to 12 points.
further sizeable
In quel dealings, the marke! settled back by easy stages after a mixed start, yielding ground in face of
cut in the certificated stock and a good-sized gain in domestic mill consumptions Di raw cotton.
RAW COTTON
Ex- The New York Colton chate zervice bureau estimated domestic ure of all raw veiton In August reached 700,000 bales, and up 30,000 bales from July
011,000 bales campared with used in August, last year.
To Be Neglected
New York, Sept. 17.
The stock market's attempt to rally today ran aground on the shoals of
neglect.
The upswing in prices early in the session petered out when follow-through demand failed to develop. A number of issues closed below their highs and some saw early gains converted into losses.
The eletronles made one of Dupont de Nemours
the bed showings with Lition Fartman Kudak
El Paso Natural Cas
only Finance Corp. Firestone Tyre Rubber First Nat. Cuy Bank
closing with a gain of around ctx. A few of the drugs also closed with good gains. Over- all, most of the major groups Ford Motur
Georgia Pacine were ingular at the finish.
General Dynamics tu Trading failed
match | General decirte (yesterday's pace s Investon tieneral Froua
held to the sidelines pendik Gen. Fub. Util. clarification of economic and political uncertainties. was witch another thin market in
buying
belling limited
J10
IL
brought about some sharp price changes.
Today's volume was 2,180,000 shares.
Of a lotal 1,179 issues traded 470 were higher and 408 lower. American Exchange volume was 930,000 shares.
Band volumes amounted tu $5,770,000.
Standard Oll of UK
Stawiant Oll of
Stel Co. of Donade Riet Rock
Sterling Drug to.
Atokely-Van Camp.
Stone & Webster
Sturtlebaker-fackard Corp.
Sunshine Mining
Swift & Ca
*p
%%
1201
43
403
77
Texas
134
Thickel Chem.
:
Tide Water M. Oli
24
Thine Inc.
G. Tyre & Hubber
Bit
Tri-Cont. Warrant
Getty Oil
Twentieth Century Fox Film
Bich
Glidden Co.
432Union Carbide
Goodrich In F.) Co.
Balon Out of Cal.
Goodyear Tyre
Union Phele Railway
Graman Alrerak
Hammond Organ
General Motors
Did Ou
Heyden Yewport Come,
Homealake Mining Co.
Idalo l'ower
Impertel Ol
Ingersoll-Rand
Inland Sicel Co
Int'l Bussiers Machines Int'l Harvester International Nickel
1201 22
United Aircraft
United Fruit
106nited GAS Corp
54.5. Foil
t1.5. Gypsum
U.S. Rubber
TRANSPORTATION
RADIO SURVEY SYSTEM FOR
SEA CHARTING
THE
HE Royal Australian Navy has placed an order for a "Lambda" radio surveying system. Developed from the Decca Navigator, the system is designed for fixing the position of survey ships engaged on the construction and revision of marine charts.
over the By permitting accurate fixing in operation
North without and navigation
de- Atlantic.
An earlier version of Lambda, pendence on visibilty, the elec
ironte surveying system avolds known as "Two-Range" "Decca." the delays which used to cocur is in use by the Hydrographic
when mist or fog obscured the Services shore beacons un which survey Canada, ships
relled
for
their position,
determining South
of Great Britain,
New Zealand, and
Alrico. Installed on
The new techul- Board the oceanographle vessel que also enntiles
I recently enabled accurate Calypso,
Jacques Yves surveys to be carried out tar Commandnat
even Cousteau to survey the path to beyond horizon distance: when the ship is as far as 150 be followed by a pipeline to between miles from the two Lambda carry natural gases "slave" stations set up on shore, Algeria and Spain. DE
50%
16
tf., Smelting
37
U.S. Skel
303
4024
U.S. Strel PC FF
130*
Warner Bro
409
Waukesha Motors
436
43 Wertinghouse. Air Brake
964 Westinghouse Electric
International Paper
12915
West Va. Pulp & Paper
4710
Ut!
Dow Jones closing were: Average cally
was 30 industrials 35,000 bales, vs 32,500 und 32,200 20 all bales, respectively.
All 15 utilities
3 stocku based
four-werk AL
41
averages
Intel & Tel
32. | Winn-Dixie Stores
4334
Johna Marvelike Co.
Woolworth (K. W.)
Kaler Industry
101
Zenith Redlo
032,41
Kanana C. Power & Light
D
-UPI.
154.50
Kennecoll Copper
012
noa Kinberly Clark
1Jgett Meytes Tok, Co.
2,21
period.
L'OITRI. future
price 17330-20
140.7,
lly Tulip
34
Littion Ind.
ver
arc
UGC
The certifleated stock of raw
1,883 The market was marked cotton decreased 349 to
The open position L down at the opening on balen
today totalled 93,503 U.S. and UK stockpile October
First October notice day announcements and there will be September 24-UPI. after eased further stale bull selling.
on
At lower levels liquidationS were well absorbed and prices ridlled slightly.
Very quiet in the afternoon with little business. Some short- tuwards the close covering carried through into unomewi trading hours and the market's Anal levels were about 3% cents below Monday's.
to still had Lower sheets come by and most buyers would not meat sellers ideas.
In New York, the rex rubber to 65 futures today closed 50 points higher with sales of 148 contracts,
In some developing countries which affect to regard it us
• extortionate (because it used be lower and becatre Moscow charge less in suppooed
though it certainly does not) the trio, equilibrium rate might Today's snap-back reflected be much nearer the double technical reasons and covering Bare yields that the Intern by sellera. In the spot market. tierul Tine Corporation tries the blg Akron factories were to charge.
still in a cautious mood.
demand While a reassembly stable and there was evidence of a definitely
bond improved reasonably aleorptive marke is a reasonable hope,aller factories attracted by the the authorities in the leading centres would be so surprised in the investors If bonds staged uny notable advance. -
From
but
the
recent sharp decline.
In the
market, shipment brokers reported a fair moderate ashes worked. Reported sales included some three umbers out a1 35 cents and of Indonesia three browns at 34% conts pound. Spol No. 1 Rss war proted at 30% cents.
Li
As the Rudiviffe Report coolly remarked, the move towards equities need not be dangerous ankite resullcant rise in bend
In London, the rubber market was steady with spot quoted ni yields "cannot damage tconurie
31 cents. sthee it is merely uctivity"
additional In Amsterdam, the rubber To the attiaellvents that equilics have market was stendier today-- eqquired-China Mall Special, UPL
response
AGREED MERCHANT RATES
The Hongkeng Exchange Bunks Association announces the following agreed merchant rates;-
N.Busing tales for Sterling Letegraphle transfers, and bills may not be quulest better than for delivery ready up to twee months furward and thereafter at 1/4 of a penny tiger for a further three months forward.
Sterling Felling rate for delivery within two months with a cut of 1/32 for a further free intrttis faward.
The buying rates for sterling bills on UK and Eur:pe quoted above are air melt rales, and are not applicable where instructions are at Kayment of acceptance may wall perival of enrrying steaner.
MINIMUM DUYING
ider, without L/CT.
1/3 1/32
1/3 5/10 120 days
Sterling On
J Europe 1/32nd Jugher
turn
MAXIMUM SELLING
Sterling
1/1 7/8
O.D.
1/5 1/14
10 3
30 daya
1/3 1/8
1/3 6/32
co days
1/3 3/16
1/2 7/24
3 days
1/3 1/4
Indireel
Demand
London late)
1/2 7/8
1/3 3/32 1/3 0/222
5/12
O.D. without 1/Credit
avery 30 days
Sterling
1/2 7/8
(West Afrina. West Indies
17/0
South Ameries & Fiji)
Kubera <kndia)
& 9/14
03 5/10
37,0
O czym
Sterling
(East & South Africa & Adeny
Rupees (Perslan Guif Forts)-
Rupes (Ceylon)
#1 1/
Tupees (Pakistan)
Kyate (hurma; Rangouni) 82 9/16
O.D. If under L/Credit
OD. If under L/Credit OD. Without L/Credi
3/32 up every 30 days
84 8/10
TIT.
1&2 30 daya"
3/4 90 days
BILLSON AUEN:.
If under LC: higher
Without WC: 'ʼn hifter
3/10 higher than the rate for Bills.
on Aden,
83 1/4 T.T.
قة
OD
30 dara
TT.
Q.D.
78 30 days
1 Gay
Q.D.
bales.
Malaya To
Encourage
Investment
Closing Prices
Abitibi Pwr. Paper Aldea Ine. Acy. Algoma Weel Corp. Allied Chemicals
Alted all Inc.
Allis Chalmers Am. Brake Shoe American Airline Cable American
Cer
Aunerican Cyanamid Co. Amer. & Forgn. Power
Am. Gas & Electric Am. Home Prod. Am. Mach. & Fúry. American Metal Am. Naturai Gas American Smetting Am. Sugar Ret. American Tel & Tel American Toeb Anaconda Copper Armco Steel
Lockheed Alreraft
Loews Incorp
Le Star Cornent C. Lawrnatsin de Sons,
McDermott J. Hay
McDonne Aircraft
Minnesota Mining
+34
10232
Mesabi Iron Corp.
4112
Mission Development
ZAP
Radio
5512
Monsanto Chemical Co.
Montgomery Ward
Motorola Ine.
National Birull Co.
National Cash Her. "A"
National Dairy Prod.
4014 National Lead
National Steel
New York Corp.
Neranda Mines Ltd,
Norfolk & Western By.
151
87
23'
423
North Amer. Aviation
27
Northwest Airlines (Com)
*3233
Om Mathieson
[K7.
Öts: Elevators
203%
Oxton Paper Cu.
Armour
21:4
Parle Gas Fire.
Atlas Cons. Mining
Pan American Airways
142
Paramount Pictures
451
Parke Davis Co.
Peuny J. C. Co.
17
Bethlehem Stee! Boeing Airplane
Bank of Montreal Kuala Lumpur, Sept, 16. Beneficial Finstice Tho Malayun Government Benguet Cons would
encourage the develop ment of a money market and stock exchanga Mr Tan Stev Sin. Finance Minister patch.
He said the move would en- courage investment of "under the mattress" money,
Borden
Thel Co Burroughs Add Machine Brush Columbia Pwr. call Packing Corp. Cara Bk of Comin Campbell Soup Ca Canadian Pacife R Case
1.) Co.
Cat. Tractor
Celanese Согр.
C. I. T. Fanolal Corp. \ STOCK EXCHANGE Chrysler Motors
Cluett Peabody Colgate-Palmolive Co. "In this connection the Gov- Colombian Carbon Co.
Commercial C ernment would welcome and in- dved encourage the develop-oldalce Edlan
Continental Oil of Del. Crown Zellertalch ment of a money market and
Sugar Cubon Amer stock exchange which would de much to accelerate the indus-amond Alkall
Diarmund Gard trial development of the coun-
Dominion Stores Dow Chem.cuis try."China Mail Special.
1b,;
Yesterday's Closing
זיןגן
Owen-Linals Glass
Penn, Salt Co..
Pitney Bowes
M15 | Procter & Gamble Co.
21 Pittsburgh Plets Glass
Publicker Industric 3335
291 Pure
37
Radio Corpuration
021% Radio Corp. Pref.
45
302
Jinytheon
Rep.ble Steel
Heynolds Bictal
10% Royal Bank of Canada 701Sears, Roebuck & Co.
312 Shell On Co.
5413
Safeway Stores
471 Schenley
Saint Reg.
Paper
Inc.
a7
Scott Paper
Sinclair Osi
62%
ولا و الوان
Smuth, Cline & French
Socony Mobil o
Bolor Amerati
South Puerto Rico Sugar
3425
London Closes Higher
London, Sept. 17. Sentiment improved today on the stock market as most prices closed higher, led by buoyant Industrial list.
Steel shares paced the higher Industrial market. Motors and electrical equipment shares ad- vanced, Imperial Chemicals was a good spot in the chemical Ist.
Oll stocks were mixed with British Petroleum and Shell Lalling around one shiling
Gold Blocks were higher, rub- ber slocks drifted tower. Gill-edged securities higher.
were
Germans advanced in a mixed 44 foreign boną market--UPI.
Southern Co. (Thes
Southern National Gas
Southern Railway (Com)
13% Standard Branil
Standard Oil of Cal.
4914
COMMODITY PRICES
SUGAR
NEW YORK
Closing prices all in cents per
Contract No. 4 (world) Ort: 3.12:
15; Marel:
Spo:-(.0.b.
3.10; May! 3.17:
Oct: 3.3 Cuba): 3.15.
Toini Hales: 556 contrasta. Open Interest: 7,784 contracts.
Contract No, G (domestic) Nov: 6:02; March: 6.17. Mav: 5,50 Sit-(C. 8.7, ex-duty): 0. Total Balce: 173 contracts.
1.351 contracts.- Open interest;
UPI.
METALS
NEW YORK
Clasing prices, all in cents
per lb.:
Lead
Sept.
Out
Zino
Begt.
Ocl
Copper
Supt.
Oct
Tin
Sept.
Oct.
LONDON
BJ 7/16
3 13/16
730 days
14 1/4
D0 days
84 11/18
0 days
Da 1.2
63 7/10
24 1/10
00 days
43 5/10
03 1/2
63 750
54 0/10
06 days
BA 3/4
Malayan Dožira
02 7/0
B3 7/10
63 3/4
30 daya
DO DAYS
17 0/10
THT.
17 5/0
QD
30 days
Tin
17 3/4
do days
17 13/10
10 1/2
10 3/4
T.T.
10 13/10
Q.D.
Spot
1/0 0/10
TIT.
3-inatt
11/10
O.D.
Lead 2 half
New Zealand Pounds
1/2 12/10
1/3 3/14
T.T.
Exept.
1/3 1/4
C.D.
Dec.
Zinc Ind heli
Dept.
V.B. Doliars
17_5/10 (Firat calendar month free of Penalty lereafter 1/45 down for each calendar guontist.
Australian Pounds
Canadian Dollnes
Belts Framed
Bouth African Pounds 1/2 27/22
Belgian · Stabes
053
W. German Deatachsmarka TR 7/10
J7 11/10
RUBBER
Oct.
Doc.
March
MLY July
NEW ORLEANS
34.20
32.13
12.70
12.21
30.12
Closing prices all in cants per
31.35
Closing Prices
Gedged Bonda
British Transport 3. 1071/20- CUG-0/10.
Console 24% —£51-7/10.
Comics - £12%.
Converulen
CM4-1/10.
Fu
Loan
-£63.
Funding Stuck
3
1963-
2. IDSA/B--
31/200-|-
Funding Loan 2. 1060/90-- Col.
30
32.03
NEW YORK
Rex rubber futures closing
1b.:
Spot
prices, all in cents per 1b.:
Oct.
Dec.
Sept
36.50
March
Nav.
35.15
May
Jan,
34.50
July
MIT
34.00
Ool.
May
33.30
Dec.
July
33,09
Sept
SAO PAULO
(Closing prices all in cruzeiro
SINGAPORE
Closing prices all in Straits per kilo).
cents per 1. f.ob. Malayari
ports:
No. 1 Oct,
102-107
Nov.
100-12
No. 2 Oct.
101-1024
No. 3 OL
No. 4. Oct.
iSpot rubber unbaled
100-1011 99-2014 1007-007!
Hanket crepe ...
09-10:
No. I pade oreos
113-115
LONDON Closing prices all in pence per lo
100
Dcc.
March
70.500 unquoted Average price in U.S. at 14 designated spot markets: 31.77 cenis.
Total sales: 42,717 bales..
LIVERPOOL
· Closing prices all in pence per 16.
March/April
Savings 3 1955/65-00-3/10. Savings 3 1UCANTU-CRL). Savings 3, 13/15 25M
BANAS
Borelay Bana "A" Lid ord-3«. Chartered Banke-48s zu xu. Hongkong-Ch
Insurance
Union murance Canton-£5%-
Aberati and Alolote British Mutor Corp,
Ford MutuT CO-TRI, Brownplea
"Ord-17
Distillery Co-–291, dd,
Building and Materials Associated Portland, Cement--03:
Pinchin Jonnion Associates Ord
Coal Steel and Enginearing Babcock & Wilcox Ltd 47 10d. Vickers Ltd-30s 06.
Food and Tobacco. Brita American Tob. Co..
Imperial Tobares
5 34
4tyd.
Co., Ltd-52
The accuracy of the x is for
superior to that of the astrong-
mical observations which £100,000. Order
formerly
the only
method
of determining a anip's position
when out of sight of land. This For Marconi
means that the depth soundings
which the ship makes, which are
the basis of the ses chart, can heTHE Marconi Interna-
plotted correctly
and that in
1
addition the whole process
greatly speeded up,
PORTABLE
THE
tional Marina Commu- nication
Co., Ltd., has an-
nounced successful conclu-
sion of negotiations with Polish organisation
The two portable slave stations the
are transported on board
the
surveying chip and erected on CENTROMOR (Contral Im- of the port and Export Office for shore for the duration
Marino Equip- survey. Permanently installed Ships and on the ship is a third transmit-ment) as a result of which ter (the "master") which uses Marconi Marino havo PC- a 45-foot stern-mounted vertical
an order for over
to
aerial mast that is now a dis-ceived tinguishing feature of many sur- £100,000 worth of marino
In the chartradio equipment, veying vergels. room. B receiver drives two Under this order transmilters, clock-like dinis which indicate receivers, direction - Anders, continuously the distances from echometers and other equipment the ship the two thore will be supplied to provide com stations, thus giving a
plete radio Installations for 24 The chip- range" position-x. barne equipment, also includes ships to be built in Polish ship- version of Decca's yards for delivery to indonesian the marine
vessels are which owners. Two of famous "moving pen"
of 10.300 tons, four of 4,300 tons, automatically draws the track seven of 2300 tons, and the re- the ship is following and maining eleven of 900 tons each. enables her to be steered exactly
Delivery will be effected as along the parallel Unes on which
the required by
purchasers depth soundings are made.
An interesting feature of the during 1959 and 1000, and the Installation of the equipment is new Lambda system is that, in
Polish to be carried out by to extend the operating engineers who will Arst spend n order
to meet the needs of range
short period in the U.K, on a oceanographle surveys, I incor porates some
of the electronic training course, iechniques
used in the Decca NECOTIATIONS Navigator Company's "Dectra" air-navigation áld which is now
that
Techniques In Shipbuilding
cargo
TIE 13,800 tons (deadweight)
sile scrow reoer vessel Silverbeck, built by Bor trum word Sons Ltd., South Dock, Sunderland, for the Silver Line Ltd., London,
launched recently. In common with all
was
manager, to went
Negotiations began when Centrumor delegation visited Chelmsford in March to inspect the. full range of current Marconi Marine equipment. The
sales company's export
MY H. C. Maguire, Warsaw in May to Investigate in detail the Polish and to formulate requirements
quotation, the acceptance of which has now been consirmed.
Details of the equipment to be supplied to the various classes of (ship are:-
Eleven yesels of 100 tons
| recent vessels bullt by Bartrams will each havo an "Oceanspan she was bullt with the use of VITH mein transmitter, "RCM optical marking equipment and liance" emergency transmitter,
malit receiver, the Monopol automatic plate "Atalanta cutting machine.
All stee! "Alert" emergency receiver, keying automatic device, "Lodestone" direction-
platos were shot blasted before "Aulokey" installation.
Extensive ure was mode of finder, "Seagraph 111" cehmeter, portable 0 Salvila electric welding in the construc-and tion of the Silverbeck, rivetting transmitter/receiver for lifeboat
lo the use. being confined mainly Lid-connection of framing and tank Seven of 2,300 tons, four of the outside 4,300 tons, and two of 10,300 longitudinals to
tons will cuth have a "Globes- shell, beam knees, and relatively
"Ata- unimportant structional items. pa" main transmitter,
She is powered by four lanta" and "Electra" receivers, cylinder Doxford opposed pisten Alert," "Autokey," "Seaguard” airicas injection balanced oil auto-alarm, "Lodestone." "Sea-
diaphragm type, graph 11" and "Salvita," engine of the having two lever driva scaveng
The engine is ing air pumps. designed to develop 4,400 bhp. In continuous service when run- ning at 112 r.p.m.
LaceUnoE Boardman Karden Ltd 29 70. Best Oxygen Ltd. Ord-GGI IK}, Canadian Paside Hiv-$10!4. Dunlop Rubber CoA
Hongkung & China Gas--13. Imperial Chemical- Ed. Lyons & Cu-70# 4954, Collever Ltd-112. fibel.
Paper
30.
Bowater laser Cian Ord-65# 'KLÅ.
Radio and Electrics Auocialed Electric-60 Electrical & Musical-35s 7156. English Electric Co.-6.
General Electr=-40%,
Shipping
Indo-Chins Bleam Nav. Co. der New Shipping
P&O Steam Navigation dat ord
American Contract
Oct/Nov.
21.70
No. pot
03-5214
Dec/Jan
21.14
Settlement have term:
27.23
Oct/Dec.
311-31
May/Jung
21.00
Jon/March
3015-201
-300
July/Aug.
21.35
April/June
2021-2016
Oct/Nov.
21.10
July/Sept
11.03 im
OcL/Dec.
271-2720
Mixed Contradi
General markola, c.lf. basis, ports:
Oct/Nov.
Oct. 11.30 Nov.
11.30
Estate repo
this Pop
3415
30.38
Wilck Sopi,
304-3032 29-4-201
સ
30.30
101
AMSTERDAM
Closing prices all in gufidera
per kilogram, c.lf. Oct.
Dec/Jan.
March/April
May/June July/Aug Oel/Dee.
101.25
No. 1 rubber
No. No. 3 rubber
rubber
Buyer Sellers
79914
713
704
TOTAL
295 nom.
2:53 min.
2.01 TURN,
340 nom,
-UKI
Closing prices, all-in sterling No. 1 cape per long top.:
Spot 3-month Cupper
COTTON
NEW YORK
Closing prices eil in cents per Onl
Ib.:
Spot
251
22.30
21.75
21.45
UPI
EXCHANGE
NEW YORK
Closing rates;
Canada: 1.0013; others unchanged.
LONDON
Closing rates:
New York Montreal Amsterdam
Kilken
2.00 3/8-2.001/3
Stores
Great Universal Blores “A”—M 4lid.
Marks & Buzzwer Lidl-10#, Woodworth? W. & Do-Blk 711⁄2d.
Textien Coats J & P Ltd-50 Bd. Courtaukh Ltd 10.
J
Anglo-American Côẹp
Atrics-2029 Od.
of
Company
Frigate's
Steam
And Gas Turbines
THE keel of a Tribal
Class, general
purpose frigate, was fald at H.M. Dockyard, Portsmouth The Hague, Sept. 16.
September 7. She is to have Americon indus- propulsion_machinery of a Trialist, Me Edgar Det- novel kind, comprising com
on
Southwiler announced here today bination of steam and gas now turbinep which sets a new Hie formation of o
Cons Goldfields of South Africa.or 0 234.
Cam Zinc Carp. Ord—is 34.
De
eers def-750.
Free Blate Development & Invest- mar-tead.
Hongkong Thi-ka_?!4d-
Petaling Nedo Jes.
Had-
Bouthern Kinia Cons Licht. Union Corp--21a.
DA WEAT
shipping company-Amori- standard in flexibility of
can Européen Lines N.V.
to
control.
The ship will be the fourth This company Interas build and put in service be of her class and like her sister tween the United States and ships will be equipped with Europo four big liners et 120,033 main armament of two 4.5 inch The liners will be gune. To complete, her general tons vach. Coldmining built by the Vertomo United purpose potential, she will have tubes, anti- and | 21-fneti tomedo Shipyards at Rotterdam
amortars and A will have a cruising speed of 35 submarine helicopter. knots.
Tires other chips of this class They will be able to trans- port 8,000 passengers each and are under construcllon, includ
of 2,009 mening Ashanth which was launched carry a crew
Went
Driefontein
West Band Cone-22 dd.
British Borneo Petroleum Syndicate
Petroleum Co, Lad-82 d.
Raya Dutch Petroles-£16-7/18.
--fleuter.
Brid
2009/10-200_12/10 | fat 10.50 3/4-10.50 20,01-30.01 1/4 1700 173-1740_3
*UPI.
*PE SEI-BULINTER
AFP:
in March;
·