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Comment Guardian Assurance's HK$192 million take-over offer
Of The BIG BID FOR UNION INSURANCE
Day
Death by the knife
IT is ironical
that Mr Indjiro assassinated Asanuma, the Socialist chist, 'Inspired and directed the mob cenes In Tokyo earlier this year. For the man who aided with tyranny and violence to defeat the processes of constitutional government le now a victim of the Jawiesenase he encouraged. But it would be wrong to me. suma therefore that the majority of Japanese people Will regard thin AI KEVADO but
Appropriate. Justice. Author the assassination, coming in the middle of an election campaign in which the main issue Mr Asanu MER fought to strenuously to do. feat in
la likely June, make a martyr of the mur.
Particularly dered man.
IB
this so since his assassin has been linked with the right, a fact which the Socialista havo bean quick to exploit.
INDEED the popular reaction
to Mr Asanuma's death and the allegations stemming from
it could have a serious effect
on the outoame which until the stabbing was fikely to re- ault in an impressive victory Government for the present
and Incidentally the new 0,9. Japan security treaty.
and
The assasination is another deep rent in the rice-paper structure of Japanese democracy Another indication that it may not survive the serious strewsen to which it has been subjected. that polities in
it recalls the violence
marked Japanisso
the early 80s and there is an ominous similarity' in today's. terror groups and the prowar patriotic societies 'which ended in army dictatorship.
The sanilom, fanatical kiting emphasiso how vulnerable Japan la to violence and how difficult it is to rely on any government unable to control the forces of terror without destroying Individual. Ilberties and political freedom.
DANGEROUSLY Exposed as
Japan is to China's Intrigues the country will be regarded by her friends in the West with continuing alarm and anxiety. Unfortunately not even the mest stable And widely respected government will be free from the sudden terror which ekelkan like, the knite which folled Mr Asanuma.
wonder
how much longer it will be before the people are intimidated into accepting a dictatorship-thia time by the left-that will again make Japan one of the most formidabla and dan- gerous powers in Asia.
It makes people
HE FELL FROM 3rd FLOOR
AND
LIVED!
Decision to be made soon by Directors
Guardian Assurance, one of Britain's big- gest insurance companies, today an- nounced £12 million
а
(HK$192 million) takeover bid for Union Insurance of Canton, Ltd.
Union Insurance has headquarters in Hongkong where it started 125 years ago. It has branches in London, Canada, South Africa, India, Japan and other countries.
London Stock Exchange rourees said tonight that Guard- fan Assurance which had assets of £152 million had made al- ternative offers to stockholders, according to a UPI cable,
It is proposed to offer share- Folders 13 Guardian five- shliling shares for every ten £1 shares of Union Insurance, or alternatively a cash offer of 159/9 ($128) for each £1 Union share.
Conditional
The offer is conditional and subject to accountants" vestigation,
(
Union shures in Hongkong have risen steadily in the last month from $90 on September
B to $104 yesterday.
The closing rate yesterday was an advance of. 38. on the sale price a week ago.
Dealings In Unlona were suspended
the Hongkong on
Stock Exchange this morning,
Flying to
Hongkong
EARL OF PERTH
London, Oct. 13.
A decision by the Union The Earl of Perth, Minister of Insurance directory on the! Guardian offer will be made
SUDIL
State
Colonial Affairs, for and his wife left London Airport today for Hongkong, The share market' otherwise where he is to study at first hand some of the problems was brisk this morning with a turnover of $2,940,000.
facing the territory. Hong- kong and
Banks He will Shanghai
- also see SOIDO climbed $30
morning, on the
developments
which beginning at $1,240.
taken place there in recent This was the most prominent years. They expect to return feature of the market,
Hotels rose
then
from $43.25 to cased 25 cente
details of the week's
A 23-year-old man, Choy $4
Kwok-wing, today fell 50 before the close.
Full
*
foot from third floor market will be found on page 2. tenement window and sur-
vived.
Choy
landed on the top of a goods van and bounced off to the pavement in front of Kuen Kee HODE 'Foods Factory, No. 74 Thomson- road, Wanchai.
He was rushed to Queen Mary Hospital where his condition was reported to be all right.”
IREDIFFUSION TELEVISION
PRESENTS
THE FINALS
OF
THE ABDEC BABY HEALTH
AND BEAUTY CONTEST
ON
SUNDAY OCTOBER 16th
AT
4.10 P.M.
of the have
at the end of this month,
Perth Lord
Hongkong
is expected
on
October
141
21
after stopovers in Singapore and Kuching,--UPK, and Hou- ter.
HK passenger on QUEMOY,
MANILA
UNDER
3 FEET
gold smuggling charge in India
OF
WATER
Manila, Oct. 13. Typhoon Lola swept across heavily-populated Luzon tonight and swirling flood waters caused by continu- ous heavy rains isolated 20 towns and threatened - residents with starvation.
A preliminary count placed the
dead at 26 and damage millions of dollars,
at
Manila and seven provinces in
the Philippines' biggest island were in au state of "national calamity" proclaimed by Pre- sident Carlos P. Garcia AJ Lola, second typhoon in week, struck
with 80-m.p.h. centre winds.
Hard-hit
A
Government agencies, mobilised by Mr Garcia, reported thay could not bring foot supplies to hard-hit avens around Manila due to washed-out railroad beda
Blooded highways,
and
Almost 48 hours of heavy rain flooded Manila and most pro- vindes in Contiral Luzon. Most parts of the city were under at least three feet of water while the water rose to as high as eight feet in some of Manila's suburban towns.
Pan American Three airlines,
World Airways, Philippine Air Lines and Cathay Pacific that Airways announced
Hongkong flights from Manila had been suspended
to
because of bad flying weather. -UPI
American sensed his death
before Cuban firing squad
Miami, Oct. 13.
With a strong premonition of his end, Anthony Zarba wrote before he left America for Cuba: "I have confidence that God would give me the necessary courage to die with honour and pride if this were neces- sary in front of a Red firing squad."'
The
27-year-old
INSULTED
..
Security
Council
is a
spittoon,
says Mr K
United Nations, Oct. 13. Premier Nikita Khrushchev was handed another one- sided defeat in the United Nations today uftar final threatening farewell speech in which attacked President Eisenhower.
The Communist leader do-
American | going to fight against Com-, Commies of Cuba, I think this from Somerville, Massachusetts, munism that has come so close is the opportunity I missed when
ho I could not quality physically as who was executed today on a to, our American shores.
a US. soldier because of my ride range outside Santiago for fighting with anti-Castro "All this could have been pre-asthma. guerlins in Central Cube, left a vented by our Government. "But where my generation La letter with a friend in Mam! Now the time has come when all falling for its lack of political livered an ultimatum that Rus- "o be opened in case I don't this can be fixed only one way maturity and comprehension, I Bla would boycott UN return froen Cuba."
--by fighting. The letter read: "Today I "When my country is defly leave for the Cuban hills. I am insulted and abused by the
TROOPS CALLED UP IN
SOUTHERN RHODESIA
Salisbury, Oct. 13,
Sir Roy Walensky, Rhodeslan Federal Prime Minister, issued a statement today saying that territorial troops were being called up in Southern Rhodesia at the request of the Premier, Sir Edgar White- head, as a "precautionary measure,........
com-
am going 10 do my duty-mittee sessions unless they dealt regardless of any foolish co with Soviet proposats for general siderations about legality, nes disarmament and for changing trailty and other technicalities the structure of the office of of which the dilobatio Com | Secretary-General Dag Ham- Dunist takes so much aden-marskjolt.
The Soviet Premier wound up **"I have confidence that God his 25-day UN virit in another would give me the necessary bizzo of acrimony, charging hu strength and courtige to die had been followed in the Baltika with honour and pride if this by American planes and a sub- were noócsanty in the hills or in front of a Red dring squad, marine, asking:
"I am are many others w followin
footsteps. Beuter.
my
Violent protest
· Miami, Oct. 13.
- ON LEASH
"I may go to the bollam but I will drag you to ‹ the bottom, too!!
Mr Khrushchoy told the Bri- fish delegation that in the first day of a thermo-nuclear war,
A group of between 25 and "your miniable aircraft car
90 Cubans, protesting againstrier will disappear." the execution of, 12: follow
Chaban
Mr Khrushchev said that Sir Roy said he wanted to must be freed from the threat countryman and an American President Elsenhower was "fol by Cuban Premler Fidel lowing on someone else's legsh" dispel many rumours around of intimidation, and violence." Salisbury this afternoon, Tao Meanwhile in Salisbury, Bir Castro's execution squads, burst in the ease of the 1-2 Incident
office." role of troops would be in sup- Edgar, Whitehood outlined dras into the Cuban Consulate and but "ho is not staying long in port of the civil power.
the now legislation to control looted it here today.
They boat Sup the..
The American' Ambassador PARTICULARLY
Jawlenecosy amang what he Consul, Adelardo Leon, Blanco, Mr James J. Wadsworth pro "The purpose of the move is to described as "hooligans, spice and.. forced him to open the forlod heatedly égalent Me ensure that the ordinary man and log in African town Consulate safe, from which they Khraichey's, rematics and the ho and his family, of all races, call. ships of the Colony, go about his business and He said in a broadcast that took about 200 blank Cuben Beylot loader replied that
passports. Those pamports not mean to my mything everyday motivities from of the hilogllation would be intre could be used by Cubans Wisbe ofimalve with regard to Preal- threat of riot.
Mad, duced - When Parliament moots Ing to Laure their country dent story. "In particular, the African next woel-Reuter
AFP.
[*/(Conté, eon Page: 3, Col. 3)."
Roy Stanley Baxon, a passŐIKUT
from
Hongkong (left), and Thomas Lowellyn
Harhes
MATSU CONCERN IN U.S.
Washington, Oct. 19.
Military
officials voiced concern today over the possibility that the U.S. will be committed to g hard and fast strategy on Quemoy and Matri no matter who wins the Presidential election.
Some privately supported Republican candidate Richard M. Nixon's position that the Chinees Nationalist' falande must, be held as symbols of freedom oven though they are a merg five or six miles off the Red mainland.
Others backed Democratle candidate John F. Kennedy's contention that the islands can- not be defended,
But most defence leaders ourced it would be bad for the US to get committed either way. They endorsed President Elsenhower's refusal to say, what action he would take if the Communists tried to invade the islands-UPI.
Lei appeals
Taipei, Oct. 14, Lei Chen, publisher of the maguine Free China and: Jender of the projected opposifon China Democratic Party, has up- pealed against his 10-year prison sentence and seven years, dém privation of civil rights imposed on him by a court-martial on October 8 on addition charges.---
The appeal will be heard by the military appeal count: decision will be hnal—AP.
(right) are escorted to prison STOP PRESS
by Bombay cotistable (cen- tre) In Bombay on October 10. after being charged with sitempting to umuzzle HK$3.5 million worth of gold into the country.
Customs
officers sald they found 2,200 ox, of gold on Hughes and seized another 4,000 oz. In Saxon's cabin on the liner Asia.
The Indian magistrato allowed Baxon ball of HK$3 million and Hughes bail of HK$800,- 000. Neither of the Britons could raise the motely-AP.
New York, Oct. 13. Soviet Premier
Khrush
night,
26-4a3
mimion
to the United
chey left for Moscow, to- ending his
Nations UPL
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