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THE CHINA MAIL FRIDAY, MARCH 11, 1960.
REVIEW OF EVENTS IN ASIA MAIL
(Continued from Paro 13
CHINA
Speaking
on China,
India and
Mr with And
Turner sald disputes
Indonesia
events in Tibet would seem to Indicate, a more aggres- polley. But this was nive пок borno out by the lack ATCAN of activity in other
of possible conflict.
"On the whole, it seems more ikely that her mahi jyvocetipa- tion during the past year has been not with foreign policy but with her internal affairs," Mr Turner said.
"The speed with which China i is planning to increase her in- dustrial polential is bound to result in stressen and strains but any modifications in polley or practice Introduced to relieve these should be viewed as tem- not in portry expedients and
a weakening in any sense as intention to drive forward or a change in the broad direction of the advance.
Mr Turner said that there was lite doubt that industrial production had shown a marked Increase last year and consider oblo attention had been devoted to improve the transport system The stability of the Internal
ut the purchasing value rency had been one of the most Successful achievements
Cur-
of the
present Government but of fate, there have been signs that the supply of money had outrun the quanilly of goods available for purchase and efforts had been
made to combat this by raising the price of what were consider- d unessential commodities and by un active drive for savings, Mr Tuner added.
JAPAN
Speaking on Japan, he said that last year had been one of the most prosperous In the post-war period, The volume of foreign trade had expanded considerably. There was a rapid recovery in balance of payment problems. The Index of in- dustrial production had risen appreciably and Jovan
BY
i
had coralderably increased her export markela,
The textile Industry bad con- tinued to expand and exporiz had held up well in spitó of restrictions in countries.
number
of
Tils year's rice crop was ex- pected to be the largest ever recorded and it was being pre- dicted that in the not too distant future, Japan would be self- suelent in production.
PHILIPPINES
Speaking on the Philip. pines, Mr Turner said there *had been a marked im- provement in the economy during
the the year with achievement of elf-suff elency in porn and rice, an excellent sugar crop and a reported favourable balance Lime of trade for the first since the war,
This was intended to reduce the country's dependence foreign aid.
THAILAND
Speaking on Thailand, Mr Turner sald anti-inflationary meksures had some succe but
ол adverse effect
revenue
many of tho price culs imposed werD suffered by Government monopolles..
་
Trading conditions
in
deterioration in the soonomy and tittle attention had
Notices
FRIDAY, MARCH 11
By Alt
generally could not in itself be expected on were quiet during the first half to effect a cure unless I were to
(of 1089 but the charp rise in be followed up by a reduction1 been paid to the ten year
brought In- (the rubber price
development plan, in Government expenditure and created business during the of this there has been no sản,” Fortunately. the production second half.
said Mr Turner.
fea which con- and export of There had been a decline The cost of living continued | tributed more than 60 per cent entrepot trade due mainly
to steadily upwards and by January of export income had continued restrictions by Indonesia.
it had risen to such an extent at a high level and botter pricts Mr Turner said in spite of that the Government announced) were obtained during the second hopes expressed for rapid in-nexures to impose price con-half of the year. dustrialisation commerce WRS trols.
Speaking on Mauritius, Mr "It is hardly surprising that Turner said the five-your de-a apm. under such conditions our oflea velopment programme” which in Djakarta has had a dimeult was opproved in 1958 was now the recent directiva gathering momentum and im- that all foreign year and
trade should ports of machinery and building come under Goverment control material showed a steady In- will undoubtedly add to the dis-grease. Textile Imports on the abilities under which we oper-other hand had been lower.
kely to be the mainstay of the economy for. some years to come, Manufacturing was ham pared by Singapore's relatively small market and labour costs which were higher than Hong
and Japan's.
Increased exports for rubber, tin and maize had offset the disappointing exports of rice. This year's rice harvest was ex- pected to be good but competi-kong's tlon in world markets was ex- pected to result in further, price cuts.
Mr Turner sald the setting-up of n
enuncil for rational economie development and an Industrial finance corporalion in which the Hongkong
nid Shanghat Bank and the Mer- agreed to canille Bank bad was participate by subscribing to- wards the initial cupital, was indicative of the continued efforts being made
encourage Industrial development.
MALAYA
had
Inflationary pressures been halted to some extent but there was very little sign that Government expenditure being seriously reduced.,
Mr Turner added in general the President seemed sallofied with the present state of the economy
and "even
if there
are stiu number of disturbing features the outlook seems more promising than for some time
past."
VIETNAM
Mr Turner said there had been signs of expansion In the
economy Vietnam
while during the year but
malu- progress In been tained in agricultural developments, industrial de- velopment had proceeded al 4 slower pace,
A number of new industrial projects however, aimed at con- serving foreign exchange yould go some way towards rectifying the present unfavourable balance of payment,
Mr Turner said a bumper rice crop was forecast for 1800.
Reporting on Cambodia, Mr
Ave Turner said the
year development ping for The diversification and Improvement of agricultural production and a mxlest programme of industria- Jisation had been drawn up.
THE
WAY
by Beachcomber
the
NOTICE that one argument your boot?" "No," said
for giving boys and man,
"it was a spent match, girls of 18 the vote is that it already and burned out." A sigh would make people take youth The magistrate henved more seriously.
and dismissed the man. Very sensibly, 1 think.
[1
Surely youth is taken serious 179 EASY TO TELL which sidely enough today. when a buy your bread buttered when you
who hos made a fortune by aproud it with Swiss Knight Cheese
and shouting con grimacing retire and keep his grand- parents in luxury. I suppose that if the proceedings in the Commons were televised, the
would include programine
or two fron the young M.Ps, since it is the enter tainers who would be elected if the franchise were extended to juvenlies. What Is not worth saying would be sung.
No wonder be/HAT reason
To ADVERTISERS
SUNDAY POST-HERALD Space for commercial advertising should bookad not lator noon on Wednesdays.
than
For the BOUTH CHINA MORNING POST and the CHINA MAIL, 48 hours before date of publication,
8pecial Announcements and Classified Advertise
mante a usual.
song
had you,"
Weight-lifting technique
To lift a ballerina is far more a matter of poise and rhytkim than of strength.
to
Mr
Speaking on Maloyn. Turner said the progress of the frat ve year development plan was retarded in the early years by lack of funds but the im- proved financial position, to- gether with a further instal
ment of the Brunci Covernment loan, loans from the United States development Tund and assistance from the United
will Kingdom
enable the Government to undertake the expenditure of about M$250 million during 1900.
This would mean that the plen would be implemented to a greater extent than seemed likely two years ago.
world
BORNED
Speaking on North Borneo, Mr Turner said a development programme had been drawn up for the next five
involving Ox years penditure of M$70 million. The main emphasis would be on roads, harbours azuk air-fieldz
revenue
Finance would be provided from colonial development and welfare funds, local and loans. I
Speaking oti Brunci. Mr Turner said the revenues of the state were still largely depend-
'The ent on the oil industry.
Government, however,
de was anxious to lessen ta pendence on this source and was giving urgent attention the development of agriculture,
10
nie,"
INDIA
Speaking
PROFIT
In conclusion, Mr Turner sald
bank's the
profit amounted to more than $28 million or $4,6 million more than previous year's. This profit included the Mer- cantile Bank dividend,
on India, Mir Turner
said that tho coonomy showed Kuneral signs of improvement an of tho capital investment the past few years boro
No dividend had yet been re- fruit. Industrial production began to the Middle East and a payment celved from the Brlish Bank of move forward and likely that the second five year shares was in effect part of the of a final dividend on these plan targets would be achieved. purchase consideration.
that was proposed
$4 the level of million should again be written foreign reserves, It was unlikely off Bank Premises. Dividends there would be any major re-absorbed more than $10 million, laxation of the stringent import leaving a tatance of more than controls.
$2 million to be carried forward
seemed
Although there was an im→ provement
ira
It
in
$47
Mr Turner said that total out-next year. particularly rubber planting put of food grains showed a The reserve fund had
more than and was encouraging the setting substantial increase but this had ercased by up of new industries.
little effect on food prices which million. increased sharply.
Hongkong currency notes. In circulation Increased by $01 million because of a rise in the Excess Note Issue.
Speaking on Sarawak, Mr Turner sald increased prices of rubber, pepper and timber and a bumper lilipe nut crop benefited the revenue considerably,
This had enabled a deflelt of about M36 million in the deve jopment fund to be guldsted and a further sum made avail-
able for capital expenditure this
He said the treased demand for rubber and tin had year, benefited all sections of the Malayan economy,
SINGAPORE
Mr Turner said that the new Singapore Government, nomposed of energetic young men, had a well dis- ciplined party behind IL It was hoped this would be able to give Singapore the firm vigorous government needed in dealing with the many problems likely to arise during the first years of the new state's evolu- Lion,
INDONESIA
In Indonesia, conditions had
on
be
econoraic steadily deteriorated and severe in- italion
to continued caused by heavy military
which expenditure been met by delict financ- ing.
PAKISTAN
Speaking on Pakistan, Mr Turner said the economlo position had beneilted front the better administration in- troduced by President Ayub Khan.
ACCOUNTS
Dok
Current, deposti and other accounts, show a rise of $161 million, while amounts due to subsidiary pantes af about $99 million mainly represent funds placed at the Bank's dis- posal by the Mercantile
The collection of overdue toxes - had helped the revenue. Inflation had been checked and the balance of payments had shown a steady improvement.
Exports, had
Bank. recently shown encouraging improvement, Mr Turner revealed that the More encouragement was being last published balance sheet of given to investment from abroad | the British Bank of the Middle
tbial of and an oil refinery was being East showed a had
£03 established in Karachi by a million. When these figures consortium composed of British were added to the total of the Hongkong and Shanghai Bank's Attempts to combat inflation and American oil companies.
Mr Tuner said, however, the consolidated balance sheet - by drastis monetary measures
country continued to be deper- £310 million the total of the almost brought the economy 10 a sinndstill. Banks in particular tent on substantial contributionsmillion.
dent to an almost unhealthy ex- group should exceed £400 suffered severe losses,
01 foreign aid while self- Mr Turner said that banking "It should have been obvious sufficiency in food production services in the New Territories that such n draconian measure! would take some time to achieve. were being extended and he feli Sure that these new offices would play thir part in the growth of such rapidly growing areas as Sheung Shul, Talpo, Tsun Wan and Yuen Long...
FILMS AND NIGHT SPOTS
FILMS
KIND'S & PRINCESS: The Jay"
· hawkers,” starring Jeff Chandler, Fess Parker and Nicole Maurey.
KOOVER
The 4 GALA:
starring Robers Black, Maloni And George
Voyage."
Dorothy Banders.
Last
ROXY & BROADWAY: "The story On Face One." starring Ria Day- worth, Anthony Franciosa, and Olg Young.
LEE & ASTOR: "A Mermaid's Love,"
(Chinese im).
STATE & ROYAL: "The Batts 97 The Coral sex" starting con Robertson and Gla Scala.
STAR: "Romance In The Land of Dreams" (Japanese Dins with Eng- |lish sub-ditiem. METROPOLE:
#Mis Secretary"
BURMA Speaking on Burma, žie Turner sold the entry of quzel-government bodies
into commeres kad been a feature of business condi- tions for some time passed. During the year, a further development has been the in- creased participation of the Army which had turned Its at- PARAMOUNT: Giancarlo and his tention to a number of trading Italian Combo. "Continental Cock-activities, including a bank and
Folder," and Vargas Alonto “Quartet Espaghel.”
(Chinese film).
NIGHT SPOTS
WAS
50 YEARS Seconding the motion that the report and accounts be. Adoplod
Mr Elia Harim. He said this Was the fiftieth Anniversary of his association with tha Bank.
He said Mr Turner had been
a shipping line.
"The position of foreign trad- | a ready friend and "has hand- MAXIMI'S! The "Daltay;,” the aero-trg companies would in fact be ed metaphorically speaking,
made almost untenable If, umbrellas on rainy days, рег following the introduction of haps even raincoals, and
batle comedy danes team. CARLTON: Ben Conti and IIII
Combo
GOLDEN PHOENIX: The Duo the export incentive sclicme for nobody was happier thon he
Hienodes in "Ballet Bolero."
HOTEL MIRAMAR: Bor Faller and
fils Quartet with Mia Chau Ping, SUN YA: Music by Olle Detains
and his band. Vocal by Denny BLUE HEAVEN: Allen firqimore, and Jane, Comedy Team, and Medioek, Marlows and Busan, famed impor-
pastor.
(Dancing instructor.)
ballet strength in a DRUTE D is ridiculous. How can the lady look graceful with a dancer straining and grunting as he
from her
the tries to raise
she were a ground, as though
with fins? packing-case Alled Equally absurd is the spectacle of the dancer who, having suc- ceeded in lifting his victim, the Raggers uncertainly under weight, and glances nervously | RITZ: "The Man up at her, as though saying: "for isn't
that enough? Are you trying to light a match
with ready to be lowered, domn the lutt of your cigarette?" "[ you?" thought my cigarette was out," sold the man. The magistrate His name Rattered him
He said: frowned impatiently.
that he was thrown out of the PARAMOUNT: "Tank Faree," at Tris, tap dancers, and "Are you implying that you expected to light the match with meeting.
[The entire week's radio and tolovision programmes a cigarette that way out, in
(News item.) the cigarette? ADVISE him to change his are published in detail in a special, free, lift-out supplement order to relight Why not strike the match on
by deod poll. to in Saturday's China Mall. It comes in a specially detach- the box?" "I bad no box,"
Unwelcome before the next ablo self-contained sheet and it is one of the many high- said the man. "Well, couldn't meeting. you have struck the match on
"Wald the magistrale
A Mr Welcome
Naspe
complained
The Net," starring Carolyn Jones and Diane Brewster. outENTAL & MAJERTIC: "Journey Earth," To The Centre Of The starring Pat Boone, James Mason und Arlene Dahi.
"Three Dolls ta College"
CAP tim in English version).
ring Victor Mature and Leo Gen.
HIGHBALL: Allen Brothers...and
Indigenous exporters, the order that Import licences would only be issued to Burmese nationals comes into
force in June," he
when the sun shone again."
Mr Hayim said that by Mr Turner's vision, energy and faith, alded by the Board and said.
staff, he had infused a new life "Under these circumstances. It into the Bank and shareholders is doubtful whether the Foreign congratulated him ота these
achievements.
The report and accounts were adopted,
i
Philippines, Dutch New Gulsen, Australia, New Zealand, FUI. a p..
Canada, USA. C. ■ 8. America,
ny Burface
W. Australia, parcels via Fremantle,
pan.
Baco. p.m. Mono. p.m.
SATURDAY, MARCH 11 By Ale
China, People's Republic, 7 a,m. Vatnam, Lana, 10 am,
Thailand, Burma, Malaya, Indo-
Apila, Noon,
Japan, 1 p.m.
Philippines, Guam, 1 pan,
CROSSWORD
Асто
1. Testiness (9) 9. Rabe
10. Bingle, (8)
11. studied. (os.
18. Inspiration-giver. (4)
13, Swimming contest, (
17. Squad. $33 20. Nymph. (8) 21 Jozrul (07
river. (3)
22. Ok (8).
23
25 Fruit coures. (8)
Down.
1. Outstanding (9)
Period of time. (8)
2 Actor. (0)
Aloth (4)
7. Imperils
(9
4. Cut
o Ourt's nomo
Boburgb ÄRN
Agures (8) UN
12. Kun oz. (8)
1. Bay
trante (8)
16. Ly
RAMIE
_sound." (8) MACION
18. WODERDELINE
moremant ADDOOZESN
19, Mora agad TENDYEDIT
London Express Service.
- Tøstrenegra NOČNÉISA
TARGET
Hom
word
Taar leiter,
of mure can
from the
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P
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ench word,
Lacters
ike #qouTE on the left ?
the lettera
t each of
tira small square, may be used once anly, Edelt word must con- cald the large tetter in the centre Square, and there must be at Trast one nine-letter word in the Hist. No plurals; no foreign aames. words; no proper TODAY'N TARGET: 19 words, 20 warda, very pond 31 good excellent. Solution LOMOTION.
YESTERDAY'N NOLUTION : He Bind hend BENIGHTED breide bide bing debit debt geign dent dilek dine dintre at re hedge, herd heeding hide hied need neighed king hinged tite tied tinged. atde teed tend
London Express Service.
SMBLE THOUGHT
POR TODAY
June, Comedy Team, and Medlock, Investment Act, designed. to Marlowe and Suean, Tamed imper-ofter altractive terms to forelim konalors. PRINCESS GARDEN: The
erinvestors, will have a great deal
Whatsoever bath a of appeal unters private enter- Alocas Quartet Espagnol
shall ye not M. Goldsack, Me) that prise is accorded more considera-W. C, G. Knowles and Mr L. Leviticus 22.20. Elon than it has had hitherto,"
VATERR
light features of the weekend edition of the China Mail.)
CEYLON
Speaking on Ceylon, Mr Turner said that in view of the disturbed political situa-
there had been some
tion London Express Service).
Mr G.
blemish, offer.*
Kadoorie were re-elected direc- We can take nothing with us tors.
Why save what we give away. Lowe, Bingham & Matthews then give good works only odd and Prat, Marwick Mitchell & moments and worn-out. rnga? Company were re-elected au-i Press-Radio Bible Service,
ditors.
Inc Cincinnati, Ohio,
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