Russia Proving Same Question Mark In Finance As In Politics
HB International Monetary Fund and the World Bank are ready to get down to the business of 'stabilising world finances and the flow of international commerce-but before a definite policy in either direction can be enforced, a number of globular headaches will have to be solved.
.and
Russia, France, Czecho-Slovakin in Europe, Paraguay in Latin-America are among the countries who offer problems to the Boards of Governors of the two, Institutions who presently are meeting in Washington, says United Press.
Russia is proving to be the same question mark in internn- tional finance that she is in diplomatic manoeuverings,
Ethioplu have opposed Italians' par-
cipation.
of the countries that participated
Rusain is not alone in being one
In the Bretton Woods discussions but Since the meetings at Bretton which have not signed the Bank and Woods, when the two Institutions Fund agreements.
came into existence, The Soviets Others are Australia, New Zealand,
THE HONGKONG TELEGRAPH, MONDAY, NOVEMBER 4, 1946,
THE FLYING WING
The quest for the Flying Wing, an aircraft without fuselage or tail-plane has at last succeeded. The Armstrong Whitworth tail- less glider lins been constructed 15 provide data for a larger power- driven flying wing now being buit. It is believed that this highly efficient aerodynamic form for which a great future is envisaged will lead to the simplified structure of aircraft of great sirengih. The glider, which carries a pilo! and-engineer observer has a wing span of 54 feet, wing area 413 square feet and total weight— 6,000 lbs.
SAKHALIN SETTLERS.
have not indicated just what the Hall, Liberia and Venezuela. Russian Farmers Respond!
in
the
Kremlin's ultimate Intentions are. Colombia has signed the Fund agree- The only known fact is that Russia, ment but not that for taking part in .50 far, is not phriner
ners. One of the first ing the governors is whether they should exert pressure on Moscow to join the circle, or whether. their efforts should be confined merely getting definite answer.
To Nation's Call
trust-the
the Bank's operations! An error in confront-dra
drafting of the Colombian Enabling Act is responsible for that, and it SPEEDY can be corrected by the Colombian assembly.
However, all these countries have until midnight, December 31, to join The World Bank has for its major on the same footing with those who purpose lending money for world have alrendy signed up. Otherwise "the and economic deve-
they can be admitted only by
reconstru
REHABILITATION
COTTON FABRIC WITH ELASTICITY
woven
lopment. The Intnmmational Mone of the boards of governo months to populate collective | gical „bandages. It is also re-
Bank for
and Czecho-Slovakin
the
tary Fund is to stabiilse world cur- renclea and buy and sell those already Informally requested
M Camille Gutt, director,
credits totalling over funcy sent out to member $500,000,000. The Bank President, nilons requests for information on Mr Meyer, in his conversation with their oficial currency and rates of investment experts, has been seeking
was to learn ho
how the bank can
enn deal with exclvinge. The first, to reply the United States which, nlthough commercial or private banks or in- gave its answer on the value of vestment houses on getting money the dollar in terms of gold at the to meet demands made on the Banit, same time Informed Monsieur Gutt Specifically, he wants to
know how that it sow no reason for
entering much interest the Bank will have to Into any discussion on the subject.
pay and what kind of a market it
HE Fund, at present has only can be expected.
THE
$744,000 at its disposa), but when
R bering functioning I will have a
A
cotton fabric, "Strex" that is elastic without containing rubber was demon- strated in New York last week by the US Rubber Company. It Moscow, Nov. 3.-Eighteen is at present being produced in thousand Soviet citizens have limited quantities, but has so far arrived in the ports of Southern only made its appearance on Sakhalin during the past few the market in the form of sur- farms and industries newly escommended for gloves and baby tablished in the cold, bleak ter-clothes.
The elasticity of the fabric as ritory formerly ruled by Japan, lying north of Hokkaido in the Japanese home islands.
Transported by the Largest Soviet ships available in Pacific waters, new settlers brought with them their families and entire possessionis, In- cluding cows, goats and household goods. The shims made nine special trips between the mainland and in- land ports.
Sakhalin which was formerly be- tween: Soviet and Japanese control by the 50th parallel, has since the sur- render of Japan' been entirely con trolled by Russia.
of
achieved by a patented process weaving a twisted cotton yarn under tanson. A finiss la afterwards ap plied that makes the yarn spring back into the shape of a coll.
The elongation of the fabric may be varied from 30 to 100 per cent, according to the weave.
The
fabric displayed included printed slip cover made in a weave with a rouge texture somewhat like that of cretonne.
AMERICAN ARMY PERFECTS BREAD
2
WELSH NEWSLETTER
Spartan Patience. Of
Hard-Pressed People.
Wales did not figure so pro- minently in the "squatting" drama as some other parts of the country. This may sur- prise some people because Wales is far from being Immune from the universul crop of pressing post-war problems.
Indeed, Wales, as I have, often emphasised in this letter, has some problems
parts' of which other Britain are not troubled with to the same extent in these times when the "new World" is being
born through much travall. So don't shortage "has been think the housing miraculously overcome in the first year of peace. The sliuation is being cased here and there, but there are many more new houses,
both temporary and permanent, in
the planning stage still than there completion.
are actually built or even nearing
minds believe
The fabric is also thought to hold potential $5,720,000,000 in cash and MANY monetary
in conjunction
with promissory noles, M Gut!'s chief
the Bank will be able to ab-
laminated plastics, since non-elastic worry is to have all of the 39 mem-tain money on the same terms as the
possibilities bers of the Fund agree on the par United States government-at 2 per
A series of descriptive articles Inaries that cannot adjust to curves value of
United the Moscow "Kumsomel Pravda," the and bends are likely to cause the night of Decemberies before mid cent-while others, conscious of the
31, the deadilne. fact other nations than the Three major matters of policy States will be among the guarantors. Communist youth organ, gives details plastic to crack--Reuter.
will of the development of the territory confront the governors. First will believe those extending lonns
the since Russian troops entered it Inst be the adoption of sets of by-laws demand higher interest that
autumn. for both the Bank and Fund. These terms on which the Federal Govern
These articles telling of the hard- have been drafted by the directors ment can borrow. The latter view
officers. ships and riches of the region, and prevalis among the Bank's governors for Anal
The general opinton is that a 12-year of the success of settlers who have
at 3
the already moved to the Island and es The second issue dents with a re-loon at
'cent will be per
tablished themselves, are designed to quest from Paraguay for an increase average. in the quotas it subscribes to both Raising money for the Fund, how excile the adventurous spirit of youth
Army authorities have reveal the Bank and the Fund. This is of ever, is a simpler problem, as it will and swell the ranks of these desiring
promissory to go, major importance, for if the operate with cash and
Similar articles in the past described the development of a canned notes issued by the member nations, Covernors permit Paraguay to
from ing the settling of the Russian Polar bread formula unknown to any emergency central fund Its creuse
subscriptions, It means establishing n
little
Latin-American which members can obtain foreign regions and Far East helped in mo-other nation. giving the country more prestige in that part exchange for short periods when its bilising sturdy young Russians to trek of the world, in addition to posing on currency seems in danger
and
will be cubmoval.
to
the
CANNING
was
1
this
and
the
im
halt
In some of the big Welsh towns" and, of course,
the in
heavily populated industrial valleys, over- crowding is serious and, unfortun ately, must continue so for a long time yet. Dissatisfaction with state of affairs flares up from time In in letters to the press,. to time in sharp criticism as council meetings. in conversations on street corners and on the buses and train. recently even in a march of protest by men and women from all parts of South Wales through the maln streets of Cardiff, But on the the hardest pressed whole, oven people in Wales are still taking 11" with spartan patience, One reason for this is that most of the people the recognise that re-housing is toughest of all the post-war tusks. Irritated as they are by the delays in obtaining big-scale results they realise the tremendous difficulties in the way and are still prepared to endure a little
longer until Government gets a fair chance to grapple with this super-problem.
The Welsh Character There is perhaps mother reason for the patience of Welsh people in 1 face of this housing famine. think it is the Welsh character
the of
Welsh itself. In
many
the valleys even before the war long drawn-out industrial depression put tens of. Ulcusands of people in a jam. Mass unemployment
only families Ա poverished not the local councils. There was not much
ney available for housing money
It
surprising development. how many people ""made do" even families then. The most severely-hit fan shared their homes with others who had no homes at all. This spirit of mutual help.in adversity is still strong in Wales. It is still helping thousands to endure in this
caused by post-war
voices shortages. But many
Government not warning the Nutrition experts and general staff
this Welsh stretch
virtute to eastward. They were especially effec- officers at Camp Carson, Colorado, breaking point.
The common sense aliude of the the possibility of making re-shuffling eterioration because of local condi- tive in waking the urge for adventure to inspect tests of the Army's
which led many young Russians cast-
ration said a method leading Welsh local authorities to- of the entire list of quotas necessary, tions.
wards
the "squatting" problem has The larger a country's
The biggest job facing M Gutt and Ward to aid in the settlement of the
by Army scientists, but large-scale also relieved great deal of the wider is the scope of its participation the Fund is negotiating the rates at city of Komsomelsk, started in 1932. for running bread had been perfected
From Central Russia
Newport (Mon) Borough in the Bank and the Fund.
which the 39 member nation cur-
Many of the farmers now reaching lem, says a
production remained the big prob-cell, for instance, with a walling
United Press message. A third problem involves mem-rencies will be stabilised. There is
with southern Sakhalin come from Penza. Canned bread prepared by Army list of 6.000 people without homes,
sct bership applications of several alid-expected to be some difficulty
about
1 creating communal East countries and
and Italy...
this, as some Latin-American coun- Tomboy, Kainga and Kursk districts unkers exactly to specification differs
living centre on practical and in- tries are reported considering de- in the central part of Russia proper.little in taste from ordinary bread.
deed attractive lines." Already, the paper reports. 23 col- Under the Army formula, the canned for two THE Mid-East countries that want valuation and recent changes in the
When the Army vacated a large
own grounds to join are Turkey, Syria, and Canadian dollar and the franc also lective farms have been established by brend will remain tasty
mansion in its Trans-Jordan. The United States is will have to be taken into considera- the end of this year it is expected year.
Combat field officers, watching
the Council took immediate cently
thus forestalling all tion. supporting the applications of
punea pig GIs enter their 20th day
possession built to accommodate settlers. four countries. Little opposition is
However, once the exchange rates but 500 new houses will have been
The first large
possible rough and ready "squatters" arge group of leachers, on "Erations, said troops became
invasion. But
authority seen for 3e above three countries, are set, the members tre prohibited but minor fireworks enn be expected from varying their rates more than mainly from the central part of the dissatisfied with general issue bis-
Soviet Union and the Urals, has re-uits alone and bread is needed to cognised just the same that many on Italy. Greece Yugo-Slavia and
families were in a desperate posl- une per cent.
cently arrived to open Soviet schools. round out their diet.
number tion,
and selected um- Enters of "E" rations have main- A southern Sakhalin shipping com- pany has been organised, and rall-tained physical efficiency standards "tenants" to occupy the camp. The organised. way services have been restored. The equal to those of companies enting scheme was thoroughly
Incoming familles had to
Give
Dn eutiroad now links nine districts and full meals.
cltics, and passenger traffle has
Ulertaking that they would live Members of the company' subsist- asstamed normal peacetime proporng on the new ration lost 24 pounds in the Army huts on a truly com- your neighbour "help Manila, Nov. 3 (UP).The police
but their efficiency was in 10
munal days,
footing." The camp was cleaned took a major step in an all out Pearl Harbour, Nov. 3 (UP).--
men and freshened up by When the Red Army entered the not impaired. campaign against crime to-day with
"lenants." Armied Kunrds were stationed at
The Council provided.
and Vice Admiral John Price, Com-the purchase of 39 radio transmitter island's southern half there were only
sanitary mander of the US naval air forces in the Pacife, said to-day that two and receiver sets for instaliation in eight cual mines operate and paper he only entrance to the mountain-
fucked bivouac area, dubbed "starvs- other facilities. A community mess- of down because PV-2 Neptunes similar the police cars and outposts in the city mills
te
lack of raw material. Now, suys village" by the Gis. The guards room was established. The deputy
Town Clerk was appointed Euburbs. Truculent Turtle will be assigned to
"Kumsumel Pravda," 27 coal mines were to discourage "food smuggling"
salvation for warden and, like members of the helped committee that "tenants" the Paclic, permitting the types of
are operating, and me paper mills apt to crop up reconnaissance which would have
are turning out paper. There are 27 soldiers with big appetites.
him run the camp, went to live in
of the Nissen huls. prevented Pearl Harbour.
fisheries and 84 factories and mills producing food products.
in-
the quot.
PREVENTING ANOTHER PEARL HARBOUR
He said the planes have a fight radius of 2,500 miles and can spot
SIDE GLANCES
www
PI ANTI-CRIME DRIVE
of
carrier formations three days sailing time away from any target.
"There would have been no Peart Harbour it these planes had been available then," Admiral Price said.
that
tions.
had shut
new p
"After the factories and plants REMARKABLE. CURES
BY INDIAN GIRL
were placed on the eight-hour work- ing day with the All-Union term,
By Galbraith prices and Soviet system of payment,
“CODEL 1940 BY HEA BERVICE, ING, V. 14. 200, 16, 1, PAT, OFT,
"All I want to borrow is the down payment on n house, dad-1 can finance an auto, a radio, a mold and any other little necessities myself!"
labour productivity increased great-
y" says the paper.
By mid-July; it reported, 10 schools had been opened as well as 17 cinemas and a number of libraries, clubs and museums-Reuter.
UNBURIED DEAD IN SHANGHAI
There are some 100,000 cuffins holding bodies stored in the various funeral parlours and resident guild shelters in Shanghal, according to the reports received at the Publle liealth, Eureau of the Municipal Government.
A large number of these bodies accumulated through the war years
London, Nov. 3 (UP) The Ex- change Telegraph reported to-day from Jhansi, India, that a 12-year
servant girl miraculous
old powers.
cured
The agency said the girl touched a leper one day in a crowd and he was miraculously cured. Last Sunday mid the Exchange Telegraph, oke Dombay beggar who had been blind from birth. On the saine day she touched a man from Nappur who had been paralysed for several years and his paralysis ended.
The Exchange dispatch added that thousands of people from Bombay, Calcutta, Madras and other Indlan are. pouring into Jhansi cities village to see the girl.
because their relatives were unable SEARCHING FOR NORTH
to ship them to places in the interior
com-
for burial owing to the restrictions imposed by the Japanese on munications between Shanghai and inland cities.
MAGNETIC POLE
New
(UP)
3 York, Nov. A definite decision has been reach-Scientists in navigation: have pro- ed by the Bureau of Public Health posed that a new well-organised to set December 31. 1040, as the surface and air expedition be made deadline for the shipment of these to the top of the world to ascertain bodles out of the city for burial, by the exact location of the North their relatives, or they will be magnetic Polt. This Pole, original- cremated by the city authorities.
ly believed to be some 1,200 miles from the north geographic Pole, han shifted-or else carller
NEW MAYOR OF TSINAN pulations were all wrong.
com-
It is necessary, according to the scientists, to deterraine the location of the magnetic pole it acroplano Tainan, Nov. 3.Mr Wang Sung pilots flying polar regions are to wi han been appointed Mayor of navigate with any degree of-ac- this elty, succeediag. Mr. Sun Chin- curacy. If not they may find them- ming, who hng resigned-Central selves going west when they, ex-
pected to be travelling cast. News,
Д
the
Bite Council also has its
new
are
to
the
rc-
a
re-
ol
camp
of
ΟΙ
centre for relieving the sume of its thousands of houseless people. It can only be a temporary expedient but it is a blessing for who were weary of many tamliles
And
18 long-deferred hope.
It certainly a way out of the dilemma the Government and themselves cal autories found through the epidemic of indiscri minate and irresponsible "squatting." but, of course, the real solution in Wales as elsewhere is a speeding up of housing plans.
In
which
COUNTER-INTELLIGENCE CORPS IN FINLAND.
Stockholm, Nov. 2 (UP)—The Fla- nish State Police said in a statement that the entire 750 members of the counter-intelligence corps of the Fin nish High Command ded to Sweden after the armistice and continued anti-Soviet activity.
The statement sald the chief, Col Pasanen, stayed in Finland but direct-
Sweden by ed' woric in
using courier traffic to the Finnish Legation In Stockholm.
PERSIAN DENIAL OF OIL PERMIT EXTENSION
SHOWING
TO-DAY
HOMESICK MIN
«LOTESICK MEN
BRAVE MEN
At
QUEEN'S 2.30, 5.15,
7.15 & 9.15 p.m.
He Saw Them All!
...now they live for you on the screen
ERNIE PYLES
ORY
G.I. JOE
De zacht
NEXT CHANGE! ED. G. ROBINSONO in “TAMPICO”
THEATRE-
SHOWING TO-DAY AT 2.30, 5.15, 7.15 & 9.15 p.m.
PRIMITIVE BEAUTIES IN A SECRET JUNGLE
KINGDOM
Greedy white adventurers in ruthless raid
on the fabulous forest city of the lovely war-
rlor maldons!
ARZAN AMAZONS
Edgar Rice Burroughs AND
THE
WEISSMULLER
JOYCE SHE
Produced by SOL LESSER Associate Producer and Director KURT NEUMANN Head Play by MAKE INCEST IN MARJONES, PTAILŽEN
LEE THEATRE
SHOWING TO-DAY AT 2.30, 5.10, 7.15 & 9.30 P.M.
Columbia
Pictures
presents with pride
a new form of screen enter- tanment in which glorious music springs from the story... just as the story springs from the least...
SHOWING TO-DAY
Song to Remember
In TECHNICOLOR
MUNI OBERON
WE
CORNEL WILDE *
FAINA FOCH GEORGE COULOURIS
Sciuru Play by Sidney Buchman Directed by CHANÈts VIDOR.
MAJESTIC
At 2.30, 5.20,
720 & 9.20 p.m.
Charles BOYER * Ingrid BERGMAN * Joseph COTTEN fascinating #*
in MGM'S GASLIGHT”
with DAME MAY WHITTY—ANGELA LANSBURY NEXT CHANGE "A YANK AT ETON"
London, Nov. 3-Teheran radio LADY CRIPPS IN PEIPING | COLLABORATORS GUILTY to-day stated that Mohamed Ali Farman, the Minister for Labour
Pelping, Nov. 2-Lady Cripps. and Propagando, had denied a newPresident of the British United Ald paper report that the Perakan Gov orminent had extended by three months a permit granted to the mix- ed Soviot-Persian Oil Company for the exploliation of oll in Northern Persia,--Fleuter.
Nanking, Nov. 2-Kinng Kan-fu. former puppet President of the Examination Yuan: Fong Nien, former Social Affairs Minister; and puppet Pang Yu-Kwel, former for Mayor of Tientsin; were sentenced to life imprisonment to-day by the High Court-Central News.
to China Fund, arrived here to-day by plans from Chengchow (Honan) with her daughter, secretary and others. She will remain are three days before continuing her tour to Mukden-Central News