D.
THE CHINA MAIL, WEDNESDAY, DECEMBER 2,
1959.
THE CITY AND LABOUR
London Currently Have
Closes Firm
London, Dec. 1.
Stock prices firmed up In most sections of the list on Tuesday under the in- fluence
of
figures for industrial pro duction and the sharp
Great Deal
In Common
From Our Economic Correspondent,
London, Dec. 1.
HONGKONG STOCK EXCHANGE
Our Own Correspondent
Bus done at the linge- Sleek Excharage this morning anxunted to approx
Nnon quoin- mately $1,197,000, flon and the morning's trans-
actions:
BANKS 1K Bank
Noyees Rellers
1050 1010
alex
20 1043
1515
new peak No thanks to the wildcat strikers at London's power stations I am able, this gloomy morning, to read all the invest- ment advertisements in my daily paper: which cryptic offering is no more than INSURANCES my way of introducing twin subjects of this week's analysis.
Wall Street recovery,
*Trading valume, however, continued to entraet while the clemind for intushial Issues was selective.
drifter owen,
Insuanet
bonds
Strels, rugincering shures and ¦ leading stor Raineil round, i
should be unions On my right the City: on my that unde but motors were dul and air-i
Hrought back to earth and made crafts quieter after yesterday's left-organised labour.
This seemingly ill-suited pair realise that they are effec- Ti Bank. shares were in de- man while
Issues have at the mument a surprising tively parties to a labour con- frani which must be hancured. Zmount in eommon. E For etch, long regarded as a So there we have an increar- showed ednstant In the British way of ingly realistic Foreign lile, is
keen towards the City and subjrel DJ moved jubilie reppraisal, And while jorganised labour.
12:0 torner is the object 11 Signifying what?
Perhaps Best emotional stir-
cf Guld streke moved Irregular-fficial euthy, the other, the
Conservative whr! with feeling grow rheuld certainly rings
propagandist call "The pro- !
wing donocracy, general listv
The London Express Service,
Clovianit
*
small wri. bones and dollar stocks Jupiter.
ly but coppers improveri the or modity price and showed widespread gains.
Oils were Arm.
Halbert were dall-UP!.
Closing Prices
Bench ČOLN. WE
Kun "
Gillederd Bondy
Fejver don
Fei bog
AND-N
47,
2.1
J
1979
FELN £77-2/16 Lomn
tés
be so feo,
Revision
1950
19450, 65
Fulitur Shock 3. ANDO/2014
1
[DOUA -
4 12
Saving ... 1935/85-£NTZIA Surs 37. 200/-£4-2/16" Saves 1965/75-478-11/30
Bank* Barebosh Hank "A" td net-42%
Nitro Houk -55 1'el.
Harkonce
the
קוד
public's attitude towards City is revolutionary To mil- lens of erdingy Britons it has for Berather leve frightening and suspect. If new: aft serped firm the ganchil vohanns ofs hunt pres the i tidings were too often rinis ke
andri and crashes. The whole air was best left in the! upper middle class initiates
༈
its dat way. Anyway pewte didn't have money te play mat with
Changing
Lothard
SHIPPING
14ntetbeat
23.70
Wheelock
3.35
305 3000 + 8.00
20041363
DOCKS, ETC. K. Wh
140
144 377
30301
They'dent
13
Talkon Deck 20
publie pilude | LAND, ETC. towards B.K.
U.S. BANKS PROVIDE
S. AFRICA
WITH CREDIT
New York, Dec. 1. The Union of South Africa
today signert
15.00 1000 & 131;
200 20 500 5 2001. 3015
Hotel 32 32.75 2000 32,73
IK Land 37 37.75
1500 32 13
300421.73
Profit-Taking Sets In On Wall Street
New York, Dec. 1.
The new month started on a strong note on the stock market today and ended on profit-taking
that brought irregularity.
Electronics Issues met sub-Canadian Pacific R
anual realising that arned many early gales to loses in instances.
Chemleris which has ruled strong through meet of this day. fell of from their highs. Auto mobile Issues dropped from her
and near tops
closing time several showed forecs of $1 of more, Amerlean Motors jost all ot a gain of nearly $8 share run up early in the day.
Jns to
GAINS HELD
Many strong issues beid their the finish. Maty et 2000 or 37.73 these were in the steel sector.
2006 37.75
Some chemicals also were well 300 27.75 5003975 up on the day. Sa were many 20037.75 of the aircrafts. Norfolk and Western ruted higher in the rails. Specials showed gains running to mure than $40 share. Some drugs
500 1940
!
Humphreya
Realte
1940
140
300
Really
1:4 Ke
130
1950 1:45 5000 1.40 - 1374 2000
5700 140 500
Amule
וניד
toom ... 121,
79130 12
ווי 3. ...
19.)
*
370
Onen 20 353 3401591
A. Tawal..
4.30
UTH ITS
T
31
134 17
Youualt
127
100 134 120 127 10: Fil G
200 - 20.00 200.0 1033 200k 1400 70C) Sta 1,0 24,99 13230 100 $3.00
4136)
Cine (J.1.1 Co. Can. Tractor Celanese Con
CIT. Phattcial Corp. Chase Manhat. Bank Chrysler Moters Cluett Peabody Colgate-Patrolive Co. Colombian Carber C Commercial Credit
Consolidated Exilgan Canvilealed. Peser Comunners Gar Sandel 0.3 of Del. Cosmos feral Mills Crane Co.....
Cuban Amer, Sugar Dinued AlKƏN Diamond Garth
Dominita Stoma Douglar Airenti Dow Chemical Dupret de Nemours
Diors-Sengram
Eastem A-Li
Eastman Kodak
Pro Natura Got Fadly Fannie Corp. Fireston Tyre & Hubber Ford Motor...
Georgia Partic
General Dynanntes
had wide
General Tirrenis
gains end the metals ruled firm. Ulls an up fractions to more than $2 and held well.
Today's volume was 3,990,000 Phans.
Of a total 1.244 issues traded. 633 w.re higher and 398 lower. American Exchange volume was 1,400,000 shares,
Bande volume amounted to $0.090,000,
Closing Prices
Abiti Pwr, & Pape: Alden the Acy Algoma Steel Corp. Allied Chemicals
Allled Milla Inc.
כיפ12
Genral Fonts
17'
+4
4216
100%
20
47%
200
1627.
General Matars
Kien. Put
t:1.
Gen Tyre & Rubber
Getty On
Cik
Goodrich th. P, Cu
Gulf o
17.
World's Merchant
Shipping Fleets
Continue To Grow
London, Dec. 1.
THE world's merchant shipping fleets continued to grow this year. A total of 36,221 ships of more than 100 tons were afloat last July, Lloyd's register of shipping reported today.
Здрал
and Goumany now
have more tonnage than before the last war.
The total tonnage Way 124,933,478, an
€,001,748 tons over
Increase
of
last year.
The world total of oll tankers increased to 37,890,000 tons,
4.300.000 more than was FC- Tankers now gistered in 1958.
cent of all represent 30.3 per
New British Tanker Completed
42,000-TON tanker,
A British Power has gone
into service with tho B. P.
steamships al motorshups Tanker Co, Ltd. She was
built at the Belfast yard of and Wolff Ltd.
White overall tolls were Harland gral, the merchant fleets
of where a slster ship, the Bri- tish Statesman, was com- pleted earlier this year.
The Brith Power is single
me vantries declined. The United States, with 4,105 reserve, ships in service or showed tourage decine ni 302,000 to 23,387,972. The total
BUTT W STM turbine oil tanker United States
716 overall with a moukied thet, float but net in service, ( breadth of 95 ft, and a moudried
at 14,000,000 depth of 51 ft.
reserve
with Northern Ireland, 5.395 vel, Increased their
The vec has a well raked stand cruiser stern and is of
val
tonker design with
tommage by 471,000 to 20,750,535. machinery att, poop, bridge and Liberis, a flag-of-convenience forecastle dreks connected by country with 1,005 vessels, fue and aft ways, bent
Goodyezt Fyre
126
Common Afreraft
23,
[
of the
Farmowd Cha
Heyden Newport Porp.
27
Wat estimated
Blue Wilker
33%
Homeslake Mining
Kursovan Reflig
191x0
Shippera
of
Great Britain
Platin Power
137,
ard
Imperial Oil
134nd
Imperial Tobacro
11
States
over 11
banks to provide | Fectric Ri South Africa with a re- volving credit of $10,000,- 000
two-year
agree Flectric 113 ment with 11 big United | Nex
24M
301
Ingersoll-Rand
47
23.00
43
Intercheinteal Carp
In Business Machines
4+2
13.30
Int Harvester
40
howed a tonnage Ingvase of
International Nickel
103.
Allis Chalmers
International Paper
1,857,000 to 11,930,250,
Telephone 20 y 1:0) ** 20 43
Am. Brake Shive
DEAL
30%
300 30
American Airline
Johns Manville Co.
Japan,
Am. Cable & Radin Corp.
215
Kaler Industries
14.
200 or 307%
American Cyaranid Co.
Rangus C. Power & Light
45.
perind,
200 m3 3014
Am. & Pergi
Power
Kenneerut Copors
101
500 301.
Am. Ga & Bertrie
4644
Ligge & My
Tob. Co
80+
17)
0:
INDUSTRIALS Cement.
49'
Ly Tulpp
'
Litton Ind.
1104
નામ HE
241
572%
Lockheed Aurerati
32
Loewɔ, Latoang
Lone Star Cement Co.
2024
11
| McDermott J. Ray
ING
3312
1024
148
212
The British
tasker Nect
50%
531
Alteralt and Metore
Corp.
But of late attitudes have birt The "ttle man has changing. space money and prepared to invest . Suspicions of the City are dropping away and to- "little man" as creasingly ze Baca Jastrahce Canton---£5-3/14.pared to have a dubbio... Ord-20sculatively or investment arise. Growth of unit trusts and e- cular crop of advertisements by
elvic nuthorities} The agreement 'supersedes ont ("£100 and upwards") are sigres existing evolving credit
And the specula$20,000,000 of the times.
which expires on Hive element among "little men" denuary 23,
ha been in a small way res- Some of the funds are
1,5
15 Mini
Ford Motor 17 1024 Dad. 20:mate 14 A 10-
Standart ruh International-on-seeking
Der 40 335 11
Elreweries
Being and Statertale
Cement
Assurlated Portland
Panela Jednyam Astoelate: Oil-ponsible for the behaviour of the ected to go into South Afrkin IgTONES, ETC.
post-election boom on the Lon- iransport
Coal, Stery and Farineering
Babeck & Wire Ltd - -45-4
V 1.49-3.
food and Tubatro
Botek Meeran Tub. Co.,
05
31
Imperial Tubarto
D. 140--65
Je Slak Exchange.
investors re-
These changing attitudes hore, the Govern- jhowever, satdird Ltd--ment with the responsibility of
ceing that new main anbitten and towards this end they have just set in train field of private ing the entire investment
Miscellaneous Hardman Marden Bad- $0.
kh Oxygen £40. Ord-6 three-part programme cover
31
Durden Rubber (-25%. 30154.
Henckung & China Gas-
Imperial Chemistral - 544 194 Tarons & Co -26% 3
Unilever ad- 1294 41d.
J'aper
nawater
Paper Cuen Ort-64 3d.
and Elretrical Fleetwal-4:0^. Electrical & M steal-77% 48.
Amelated
Engish Electric Co-4
General Fieritre -40 ford
Shipping Todo-China Steam Nav
ord -324 fid.
Three Parts
The three parts are:
•
་
Co. def
P&D Sean Navigate the ord -42% d
1'
Stoter
Great Universal St* "A"-524
Marie & Spencer tad tas & Woolworth P. W. & A-Gas 60.
Textirs
Coats J & P. Lid3; 44. Com lande i H
Mine
Angio-American Curp of South Arte-203 t
Com Cokfields of South Africa- 95 1010.
Cons Zine Corp. Ord-7is.
De Beers defis 00,
Free State Development & Invest- tent-ba.
Hongkong Tin-ds 1124.
Tlos 450. Band-itca 6d.
Southern Kinta Cons Ltd-31 3 Union Cerp-70% 4:50.
West Driefontein
112 Od
Goldmining-w
West Rand Cons Els 11⁄2d. British Bornen Petroleum Syndi- este 500 71.
34
Bath Petroleum Co., Ltd-54
Burmah-478 3.
Royal Dutch Petroleum-£15 Shell Tranport Trading-145
Deuter
Exchange Rates
Buslars was done in the
Ini
thi
A Committee headed by an appeal court judge to in- quire into company law
Introduction parliamentary session legislation on building soric- Lies and consideration of unsecured loans or deposits frict desirability ol NEW legislation for the protection of the investing public;
3 Stock Exelange Council examination of criticisms of substance about Stock Ex- change procedures.
So much for the City. Public attitude towards trade shows signs of unionism also
changing.
The origins of trade unionism in Britain ore honourable and hallowed.
the fact that Ind they are hallowed is part of the trouble with contemporary trade unionism here.
up
|
1000
1000
30
500 D
CX-
500 6 30
listed
по
facilities, but the pairs
specifle
20 20 20 30
500
20.20
400
20.30
500
/ 20.20
Wakoon 1.0.
MIKU
Craw 25 10
100
25.80
01.05
Chase Manhattan
agreement [objectivesi.
Participating US banks are: Bank America, National COTTONS Trust and Savings Association; Textiles
Bank;
Firs: of New National City Bank York; Bankers Trust Company:s. Kelantan Chemical Bank New York Trust Company: Continental Illinois, National Bank and Trust Com-Nony ng pany of Chicago; Hanover Bank;
Mamafacturers Trust Company;
Mormon Guaranty Dust Com pany of New York; First Na tional Bank of Chiengo, and Irving Trust Company.—AP.
Yesterday's Closing
1003 - 36,75
1000 9
1000 895 100090 3000 $5 2000/0 2000197
5000 1.93 3000 - 1,99 1000 14.00 300-17
Fionn or 14:00 1000 14 d
Am. Home Prod. Am. Mach & For American Metal.. Am. Natural Gas
American Strelting Am. Sugar_Bet. American Tel & Tel. American Tab.
Anaconda Copper
Armco Steel
Armour...
Asbeston Corp.
Alla Cons. Mining
· Bakiwin-Lion-Hat
Baltimore & Oil
British Columbia Elve British Chambla Pwr. Calif. Packing Corp Cina. BX. of Comm. 'C'ana
Browsers Campbell Sexip Co.
1 BO ENO
M
JARD 1500
INVESTEMENTS
A 40
5.05
FE Invest 1215
107
031
74
301
Tel 4 st
77% aleDennell ATOM
Minpeta Mining
Malun Development Molson Brewery
Montgomery Ward
واز
ونا محمد
Mousantu Chemical
401
Bank of Nova Scotia Beech Life Savers Bell Telephone
TO
National Biscuit Co. National Cash Reg. "A" Nation Lead
324
Nadunat Steel Corp.
4214
New York Central
Beneficial Finance
Noranda Alnes Ltd
45
Hendix Aviation Corp
0104
Borfolk &
Western Ry
50
| North Amer. Avinding
J7
Benguet Cuns.
|Fethielmo kiert
5412
Northwest Antines (Com.)
3217
Calin Matton
52
Boeing Airplane
32
Borden (Tiel Co. Burroughs Add Machine (Brithin Amer, Odi
Olis Elevators
BITS
731.
Oxford Paper Co.
Pacific Gas & Flee
01
fon American Airways
22315
401
Paramoura Pletubes
Parke Davis Co.
M1⁄4
unquo
Penn Salt Co.
COMMODITY PRICES
May/June: 23.452 Oct/Nov: 215
23.13.---UPI
23.40: 22.93;
SUGAR
NEW YORK
Closing prices ull in cents per
Ib.:
а
There 1:as grown
10 regard trade tendency unionists as heirs to their carly martyrs and any attempt to make them concede that their role is more mundane is met with a prickly Jealousy. This altitude has always found a large mea- sure of public sympathy.
But a rash of wildest strikes by workers in key industries in local! denonce of their elected leaders
unofficial exchange market. this the gesture of London's power
morning at the folkwing
US dollars (per $1).....................
Sterling notes" (per (21)
Australian notes per zij
Indonesian rupiah (per 100)
Stain Deals (per 100)
Singapore (5uitsi
5.69 #tation workers being tetest— towards joling
15.65s gone lar
12.50 public attitude.
2.00 20.00
Now the feeling grows and in
1.9 some quarters is openly touted
NOTICE OF CHANGE OF TELEPHONE
1959
to
NUMBERS
Please be advised that as from 1st DECEMBER
telephone numbers
our
will
35821-0 (10 lines)
JOHN MANNERS & CO. LTD.
Manners Engineering Ltd.
Manners Godowns Ltd.
Manners Insurance Ltd.
Manners Navigation Co. Låd.
Manners Trading Ltd.
If. Skolt & Co. Ltd.
U. Spalinger & Co, Ltd. and Associated Companies.
be changed
Contract No. 4 (world)
Jan: 30 Mar: 3.21: May: 3.13; July: 3.17: Sept: 3.19: Oct: 320: Jan: 322 Mar 30 Spot-(f.o.b. Cuba: 23: Total Sales: 210 ctntracts: Oper
interest: 8,305 contracts.
Contract No. 6 (domestic) Jan: 5.70 Mar: 563: May: 5.87: July: 3.78: Spot (c.l.f. NY duty: 595; Tulai Sales: 22 contracts: Open interent: 1.787 contracts-UPI,
COTTON
NEW YORK
July/Aug: Lead
Dec/Jan:
Dee
Јап
Zine
Dec.
RUBBER
JAK
Copper
Dee.
Jan
Note:
514
Penny J. C. Ca.
Bowen
•cter & Gamble Cr.
Pittsburgh Plate Glass Radio Corp. Pet.
Raytheon
Republic Steel
Reynolds Metai
Royal Bank of Canada
Secrs, Itoebuck & Co. Shell 1 Co.
Safeway Story
Schenley Joe. Sinclair Oil
Smith, Ruine & Freach
Socony Mold on
Solar Aircraft
Southern Co. (T0)
Southern Railway (Com.)
11.26
Standard Brandi
11.00
Standard 011 of Cal.
Standard Oil of Ind.
Standard Oil of NJ.
Steel Co. of Canada
12.54
Stokely-Van Camp.
31.73
Stone & Webster
Sunshine Mining
Trading in tin suspensied
until further notice.
LONDON.
Sterling Drug Co.
Studebaker-Packard Com.
Swift & Co.
Texas Co....
Texier Inc.
Clesing prices, all in sterling Thokol Chem.
1 per long lon,
NEW YORK Rex rubber futures closing prices, all in cents per lb.;
Jan: 41.05: March: 39.35; May: 38.35; July: 37.40; Sept: 37: Nov: Ti 30.60; Jan: 30.
SINGAPORE
Closing prices all in Straits Ib. 1.0.b. Malayan cents
per
ports: No. 1 Det.
Jan.
No. 2 Dec.
No. 3
No. 4
Spot rubber umbaled
Blanket crepe
No. 1 pule "erepe
Closing prices all in cents per Ib.: 1b.:
Spol: 32.85 nom: Dec: 32.05: March: 33,06; May: 3327: July: 33.80 Oct: 30.01: Dee: 30.001 Mar: 3.11: May: 3131
LONDON
115-116
Time inc
45%
Germany and Greece
now cxered for the first time
deck at and upper bridge and navigating bridge decks amid- chips.
! divided by transverse! 22<t with Jupan
2,775 bulkheads into 44 oll carrying vers la hud
tennage of compartments, and is framed throughout the Germany with 2,501 longitudinally
and pump ship tontoge of 4,535,441, cargo spaces and Greece with 480 chips n and transversely at the forward
and after ends. fonnage of 2,150,938.
The bull Zhe tonnage they owned in longitudinal
1938
6,278,889;
Commonwealth:
Toom
Is There
onc mala and
cargo forehold
and under
frow by 410.000 uproom tons to 6,708,000 tons. Liberia pumpason.
two calferkams, il
lock the lead in tankers from Gastight cargo hold the Commonwealth with a total this space two deep tanks for 0 7,078,000 tons.
After The Commonwealth tanker
576,000
tons).
the
oil fuel.
The in
propelling machinery
A Ялдіс screw
tonnage come Norway consists of with 5,920,000 (increase orrrangement of double reduction United articulated type geared turbines State with 4,340.000 tons (in-having a total service power of
ose of 231,000
and 10,000 shaft horse power, tons) with 2,551,000 Panama
tons (increase of 237,000 tons).
AP.
Survey Of Sunken
Sicam at a working pressure of 000 lbs. per sq. in. and a total temperature" of 880 de-
the grees F. nt
superheater cutlet s generated in 1wo Babcock and Wilcox water tube boilers. They are complete with superheaters, economisers,
Air
Ships Off Indonesia stan heaters and drum
Tokyo.
FFY Japanese salvage
experts have
started
type de-superheaters, and are arranged for oil fuel. burning with forced draught.
surveying Indonesian waters Big Competition
for sunken vessels which con
40 be salvaged under Japan's In Plane Industry
COMPETITION
London.
In tha
Shoten, one of five companie supply of civil aircraft
234
49
reparations
account
with
42, Indonesia.
8732
3124
1036
A spokesman for Matsukura
3024
21
42152
8474
214
2015
represcted on the team, said, "We think at least 92 large vessels can be raised."
are
"Hundreds of ships known to be lying at the bottom
14392 of the sea around Indonesin," "But we cannot
Tri-Cont Warrants Union Carbide
Buyers Sellers
117-12715
Spul „3-month Copper Spot 3-munth Lead 1st hair
Dee
702
Union O11 of Cal, Unton Pacifle Railway
Aircraft
421
30%
稍暗
United Gas Corp.
a
240
241
US. Foll "B"
2345
11.9. Gypsum
0315
V.9. Line Co.
1134
713%
U.S. Rubber
007
116-117 Zhe 1st half
Mar
72
71
US. Smelting
29
U.S. Steel
US Steel 1 P.C. P.F.
141
115-118 115-113
Mur.
DG
Warner Bros....
4711
---UPI.
Waukesha Motora
4372
Westinghouse Air Drake
Westinghouse Electric
2011
Wedern Union Tel. Co. West Vs Pulp & Papde
6812
or
120
----UTL
120-121 1119-3135 130-722
Closing prices all in pence per
FOREIGN ENCHANGE
No. 1 Rapat
Settlement nouse term: Jan/March
33-3514
20%-30%
Apri/Juna July/Sept. Det/Dec.
346-32
crepo
31.3114 3015-5019 General markets, c.lf. basis, ports: 3474-3424 Estate
40
NEW YORK Closing rates:
Oce. Vain thick Dee AMSTERDAM
Caneda
1.0814
England
2.80 2.8025 2.11 Z.TD
2.8040
NEW ORLEANS Closing prices all in cents per | Dec. b.:
Spot: 31.16 ham: Dee: 54.00: March: 33.51;
July! May: 13.20: 32.50 Oct: 39.90; Dec: 30.94; Mar:
31.14 May: 1.14.
SAO PAULO
At unquoted.
Average price in US at 14 de signated spot markets: 31.87 cents.
Total sales: 163,721 bales.
LIVERPOOL
Closing prices all in pence per
American Contrnol
221.70: March/April:
Closing prices all in guilders per kilogram, ei.t. Dec.:
No. 1 rubber
No, z rubber
No. rubber
No. 1 crepa
امتعاكان
30-day Autralia New Zealand 3.30 not, Souls Atrice
Others unchanged.
3. nom.
3.28 nom. 2.03 пот
UPI.
METALS
23.43: March/April: i per lb.:...
NEW YORK
Closing rates!
New York
Montreal Amsterdam
Brumeis Copenhagen Fronictur Osio Paris Blockhobn
lb.:
Dec/Jan:
27.90:
23.90;
May/June: 23.06; 2017/Aug: Oct/Nav: 31.80; Dec./Jan:
Z1.00.
Mixed Contract
Clasting prices, all in cents (Milan
Zurich
LONDON
2,30-2.8015 10.0734
Winn-Dixie Stores
Woolworth (K, W)
Zenith Radio
TIN COUNCIL
MEETING
London, Dec. 1 The 20th meeling of the Inter- national Tin Connell opened In London today.
It was expected to meet for two or three days, behind closed doors.
were:
It was understood that tho 230 240 2/16 main questions on its agenda The export quota for the Arst quarter of 1900;
140.08-140,07
163–18.3044
11.08-1135
10 2011-20.0015 13.73)2-13.731
14302% 14.51
he continued. salvage all of them."
He said 131 feet is now con- sidered the maximum Tonsible depth for salvage
operations "Because
reasons,
of various other
JA
10
shall have restrict our objectives in the
was intense, Mr Geoffrey W. Hall,
chairman and managing director of the Fairey Company said at the annual meeting here.
"Not only is the industry in this country facing difficulties, but it is more apparent that even the largest aircraft arms in the United States, in splic of far
military greater
markets, cre similarly affected," he said. Mr Hall said that the
com-
Indonesian waters do a 65 feet pany's trading profit, before de- duction of research and develop- depth."
"mostly
ment expenditure. had fallen
He said in Japanese shipa shallow waters.
REPARATIONS
He said he understood the 93 (from last year's record of over
are £2,770,000 to £1,114,000. vessels tentatively picked
that the firm was within a few weeks of signing a £4,000,000 development for his company's Roodyre-a vertical lake-off airliner--which would enure Covernment support. There also appeared to be every probability of a military order, in addition to an order from British European Airways for six.
Mr Hall said that £193,000 The. Matsukura spokesman had been set aside against future
against the declined comment when asked | Insges
company's, subsidiary, Avions would happen if some Belgian what
had been losing. of the salvaged ships turned Fairey, which
*All... tha scrup metal T covered will be given to the Indonesian Government as re- perations for World War II distrage.
out to be Ailled vessels aunk money, after showing a profit for
the past two years. by the Japanese.
In the JAVA Sea Zattle tri Mr Hail ascribed thežo lorres February 1942, a combined to Bevere competition, over- Allled feet of 17 Dutch, British, stringent interpretation by the American and Austrailia erti | Belgion, Government of the re- And the deafing of anaw |sers and desitürete waha subit quirements of the contract, and (in agreement which will be near Sumarang some discussed at a United Nations | tilling entførenes in New Yorks in May the | 3140-AFP.
Allies Surnarang osasi,+AP.
Mres
VETY
Down
by factors within our Belgian by organisation." Steps had been the taken to prevent recurrence of 'the losses.--China Mall Special.