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The
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Thongkong Telegraph.
U. S. Blamed For Dollar Crisis
BITTER COMMENT BY
THE ECONOMIST
London, Aug. 22.—Britain's loading weekly financial review, the Economist, in a bitter article today blamed the United States for the worldwide dollar crisis. "The fault for the crisis—if fault there must be--is far more America's than Britain's”, the Economist said.
Declaring that convertibility of sterling had only lasted five weeks, the paper said that even at the time the United States loan was negotiated, most Britons had grave doubts about its provisions. "The loan was far too The condi- small when it was made, as the British pointed out at the time. tions attached to it were unworkable, as was also pointed out at the time," it stated.
Security Council Uproar
"The sharp reduction in the real due to the value of the loan was rise in American prices, following
abandonment upon the
of price controls in America.
|
SATURDAY, AUGUST 23, 1947.
His plan for the implementation of this commitment was expected to submitted to a full Cabinet meet- ing next Monday afternoon.
delegatea, Two hundred miners' who spent four hours in some very The worldwide dollar crisis, plain speaking here this morning, which hurted the convertibility, pro-took two important decisions towards vision into a disaster, is due to the fact that the American balance of payments has got out of control. Nothing could have been done about any of these things by nay British netlon or inaction.
.
"Contributory negligence there certainly has been from the British has been of smaller
nomist continued.
solving what is regarded in some quarters os replacing dollar shortages as Britain's real crisis-her lack of coal.
They unanimously passed a re- solution supporting employment In mines of Poles and other European volunteer workers.
The miners referred for further negotiations the problem of/longer hours.
ABSENTEEISM
on
Lake Success, Aug. 22-Anxide, but it
caused int the importance". uproar was Security Council Chamber to- "So far from admitting any share night when, at the beginning of the blame, the average American of the session on the Egyptian was determined to prove the British
The decision
employing cuse, a young bearded lending wrong, whatever they do, the Eco-
European workers was taken lo the member of the Moslem Brother- "American opinion should be face of traditional opposition among to the here, in Great the miners and goes close. hood, wearing a tarbush, Mus-warned that over tafa Momen, jumped up in the Britain, one had the feeling of be-root of the whole, problem, of coal pubile gallery seats and began ing driven into a corner by a com- production in Britain.
plex of American actions and insis- to protest.
ure Mr. Momen shouted: "Mr. Fretencies which, in combination,
quite intolerable," said.
sident, I come before you on behalf of all the people of the Middle East
an
the behalf of
Moslem and Brotherhood.
"We demand that our case receive the justice which it deserves. Until then, thousands of people will die in a struggle for freedom",
Mr. Momen was forcibly from the Security Council Chamber
ejected
protest. in his
the Economist
་
"Not many British people believed the Communist thesis that it Was deliberate aim of American th
but the policy to win Britain, evidence could certainly be read tirat way-Neuler.
One scheme to reduce absenteeism was to demote habitual absentees.- put them back to less pleasant jobs nt lower wage rates,
The meeting, receiving this plan favourably, agreed that the miners union would not support any ab- scntee against the · steps Laicen against him by the National Coal Board.
Labourers Demonstrate
In Singapore
Singapore, Aug. 22-Police riot squads were called out in Singapore this afternoon when 3.000. striking Harbour Board labourers demonstrated outside a city police station after attending the funeral of a comrade killed in a clash with the police yesterday.
They shouted: "Death to the police"
The police cordoned off the station and the mourners, most of whom were Indians; Harbour Board Union officials carlior in the afternoon agreed to resume work to- morrow morning (Saturday) on the understanding that the Harbour Board would consider that six point-demands for compensation of the dead man's dependants and guarantees that shooting would not be repeated.-Reuter.
TRIPARTITE TALKS BEHIND
CLOSED DOORS
Discussions On German Industry
London, Aug. 22.--Twenty-one British, American and French delegates met here today behind 'locked doors under the shadow of Soviet disapproval to discuss a decision by Britain and France to raise the level of German industry--especially steel.
The first indications of the con-, dustry for the joint Anglo-American ference, which took place at Lancas Zone of Germany is based-the so- I secret, Con- ter House, the scene of the Foreign called Clay-Robertson agreement-- Ministers deputies' conference on the is still omejily Austrian and German peace treaties requently, day-to-day publicity can- carlier this year, suggested that the not be given to the debating of Ita doy-to-day resulls of the talks would contents.
Luxem Belgium, Holland and be kept secret.
bourg it was rellably learned, asked officially to be informed of the re- suits of the London talks.
Today's meeting.
which started half-an-hour rate, was expected to deal only with the scope and pro- cedure of the talks,
According to sources close to the three delegations, today's subjects of discussion included:
1. Publicity arrangements for the conference.
2. Discussion of demands for in-
the conference formation on
I'
ceived from other interested powers, 3. Order of discussion of the main conference headings.
LIMITED PUBLICITY
Publicky,
Holland was believed to have re- quested that no final decision affect- ing the level of German industry be talten without consulting her.
These reueals were expreted t
tabled today for a conference decision.
be
FIRST COMMUNIQUE
Dine
At the
P.G
For
Reservations
"Moon Mad"
Man Arrest
London,, Aug. 22-A man answering the description of the "meon mad" tatooed man, whom Scotland Yard have been secklog, was brought down by a policeman's rugby tackle in a
London crowded
street today after a two-mouth search.
Fearing further criminal as- saults by the 28-year-old man, Scotland Yard set a precedent by publishing the fugitive's filcture two days ago. Last year public outery followed the Health murder case in which a after a murdered afte woman was
A
description of the wanted man had been issued. Scotland Yard claimed during the criticisms that the publication of IIcath's photograph would prejudice the prosecution's case.—-Reuter.
Price 20 Cents
Tel: 27880
COUNTY CRICKET
Middlesex Hold On To Lead
Yorks' Narrow Win
London, Aug. 22-Middle- sex, who anatched the leader- chip in the County cricket championship table from g | Gloucestershire earlier this
CARA TENTANG SANANEJANINING HIPOTEKEN HOSTEL EN NATUÍCIA
ALLEGED
POGROMS IN
KOREA
Seoul, Aug. 22.-Allegations that "pogroms of the Leftist
A communique issued at the con- clusion of the first meeting here to- day of the tripartite talks on the leval
stated: of German Industry "The representatives of Great Bri- toin, the United States and France today at 3 3 p.m. GMT at Lan-
House for a series of talks newspaper workers" and "mass
Zones the Anglo-American
which most delegatesrned with the level of indus- jarrests" have been carried out i
be
at
try in
believed would be sheri, lasting only a few days, was likely to be ilmited to a brief official comÍ- munique after today's opening ses slon, and the final communique the end of the talks. Government plans to lower The
All
the
sessions, it was confidently ON THE HOME. FRONT
the pressure on the country's elec-
forecast, would
behind tricity system during the winter
closed doors and no arrangements London, Aug. 22.-Britain's dollar last year, power was cut daily al when he shouted his violent bond battle developed on the home front peal: hours over wide areas-were for, holding delegation
He was waving papers and began to shout-We-demand today with the abrupt return from cutiined at a fuel conference Inferences nave, so far, freedom when two guards wearing his Channel Inland holiday of the London this afternoon
The argument for secrecy, is that th The United State Department in the United Nations blue uniform, Minister of Food, Mr. John Strachey. accompanied by the Assistant and the crucial meeting of miners' Chief Security Officer, took Momen delegates Jassembled from all over by the arms and hustled him from the Chamber.
Counced
held
-
been an-
to
in
week, today defeated Derby- shire and thus remain at the head.
A great struggle also goes on between Lancashire and Kent for the third position.
The results of the games which ended today are:
At Dover: Kent bent Worcester- shire by 135 runs. Kent 200 and and 207 273. Worcestershire 130 (Jenkins 60. Dovey four for 31).
Northampton: Notts bent Northamptonshire by 230 runa. Notts for Avo declared. 210 and 308 Northants 156 and 223 (Bennett 09. Winrow five for 70).
At
At Leicester: Somerset beat Leicestershire
six by
wickets. Somerset 300 and 200 for four (Walford 81, Watts 61, Mitchell- Innes 02). Leicestershire 454 and
120 (Meyer four for 39).
At Derby: Middlesex beat Derby- shire by 212 runs. Middlesex 263 (Brown and 333 for five declared 150 not out, Leslie Compton 107). Derbyshire 270 and 100 (Sims four for 35).
At Leeds: Yorkshire beat War- wickshire by six runs. Yorks 314 and 175 for slx declared (Sollers 55 not out). Warwickshire 229 and. 234 (Taylor 68. Coxon four for 30). At Eastbourne: Sussex drew with Essex. ESBEX 400. Sussex 248 and 477 for six (Cox 180, John Lan- Eridge 73, Parks 72, Bartlett 65), Router.
CHAMPIONSHIP TABLE.
Middlesex
were
Clos.
Kent
Lanes.
Derby
Worce
Surry
Glam.
The
Soviet spokesman alleged are that the "pogroms" were
Sumox "York:
of
4
the Korea, undermining of Germany and the management
work of the joint United States- and control of Ruhr coal mines.
The
object of these talics is to Soviet Commission framing the enable the United States and the British Governments to explain the provisional constitution, purposes of their proposals and to made at a Soviet delegátion enable the French Government
press conference in Seoul to- give their view on this subject.
The talks
will continue during day. weekend." principal ducument on which P chief item of the plan was the
Washington sald today: "We the generat target reduction fold the discussion of a new level of in-confident that an early agreement against supporters of the 1945 Mes- Warwick the country to decide how to increase. down by the Government of one- third of last year's maximum indus- coal. the output of
trial loads-on amount being used Mr Strachey's first job on
at any one time. to thrash out a return today was plan with the Deputy Prime Minister for -reduced Herbert Morrison, ration scales expected to operate here, during the coming winter.
Until he dsappeared through the door, he continued shouting his pro testil members of the Security Coun-M ell snt stunned, staring at the point where the struggling Momen's shout ing and gesticulating was causing the first violent demonstration in the history of the United Nations.
A throng of excited reporters followed Mumen into the lounge directly behind the Security Council: Chamber-Kleuter.
EDITORIAL
press
his
the
Sir John Kennedy, Chairman of
Electricity Commission, snid that I was hoped to set up generat- ing plant and installations suficient tomiet the nation's power require-
in three or four years.- Reuter.
Even before the huge dram on Britain's dollar resources tod to this week's freezing of the United Statesments loan, Mr Strachey was committed to a cut of £12,000 000 per month (40 Dercent) in food purchases from hard Currency areas,
Official Invitation
"OVERNMENT'S statement, on"
housing released in Legislative the Council on Thursday rates zain as sunshine in this rain- tricken summer-mare welcome now that later. It is a straighte forward Invitation to those who
building have
schemes inck. ed away, eliher in their minds. or in blueprint form, to produce them for official consideration. Two large-scale building plans have so far
received publicity
the
One is the Braga scheme, which aims to be non-profit making and run on co-operative lines; other the Kadorlo, plan which en- visages 51 per ctht
ownership by Government. As Uicy stand-al
is
this
there
the two propositions: the Braga home-building scheme conceives. the construction of bungalows, the Kadoorie plan, flats, up to six. stators.
These
differences, howe over, do not preclude either, from accenting Government's Invitation to submit schemes, and the foot dead. that Government has not line for technical and financial plans to be sent to the Director of Public. Works can be road as sa encouraging L'en that the authori Hen wish to help speed up the task of resolving the accommoda- tion problem. White lil fairly safe to assume that both Mr Brags and Mr Kadoorle are in a position to submit detalled plans within atx, works, li is more intportant to be
fundamental distinction betwee; ?
been
assured that, given official up- proval, and the necessary financial support, they have the materials' available to go ahead with build. ing.
So far this has only
public utterances Impiled in the made about any scheme, but it is a polet on which potential home- builders or shareholders will wish to bo Ratialled, No serious quarrel will arise from Government's de- to offer building alles. by ente frealy so long as any ap proved. honsing
meets scheme public requirements. Neverthe- les, Thursday's, statement con- Important emission: tained one Nothing was said about the status of leased sites after the original 20
Lease Expires. Is years' lease subject to
renewal?
the
the
Docs
ure
nt
RUSSIAN COMMENT
Gestapo Men Complain Of
Ill-Treatment
Hamburg,
man
the
con-
Essex
*****«**Drawn
માં મા
NAHNBORGDraw batch
1 1 2
TENNIS CHAMPIONSHIP
Brookline, Mies., Aug. 22-Mles Louise Brough and Miss Margaret Osborne, defending their title, reach- ed the final of the women's event in the United States doubles lennia championships here today.
They needed only 25 minutes to beat Miss Shirley Fry and Miss Bar- Hodge, Lieutenant-General John United States Commander in Southbara Krase, of the United States, by Korea, cald that 100 people, both B-1 0-0 in the semi-final-Reuler.
and rightists, leftists under arrest. "Documentary Hamburg by an attractive States cussion was understood to ence showed a, widespread plan of
of a "revolutionary nature." the structure
were still evid-
Favourite Beaton
directed Semmerset
trusteeship Notts. tho strengthening cow agreement for the concerning
Hampshire management enn. be reached at of Karea and called upon the United Lelerstor
to restore
Northants. Anglo-American Rubr coal pro- States delegation duction conference now being held in ditions for the work of the com-
mission, Washington."
The United This statement was taken as up-
States chief com- Major-General Albert porting earlier authoritative reports raissioner,
United States Brown,
"The Gald that the British and
afterwards: delegations were already virtually Soviet delegation is attempting to of the agreed On the setting up of interfere in the conduct
to South board coal
Korea Anglo-American
Government. It is supervise German mine production. not a function of the commission to
State Department spokesman govern Korea." The Aur. 23. Et/Cel Alexander Paterson Scotland, who Is Washington confirmed officially, Moscow, Aug. 22. The 9rst Bus- is said to have served in the Ger- for the first time, that mine marige
by Sir Worldment had been taken up stan comment on the British decision
Arthy during both World conversions to ban sterling dollar
Wars, on Friday was cross-examin-William Strang, the British delega-
Military was made last night by the Russian
tion leader and his opposite United ed for free hours in publicist and historian, Dr Ivan
numbers. 30-year-old Dr The
Goodwood, Aug. 23. Marcel Lamin, who sald on Moscow Radio
woman counsel, that the oppressive terms of
Houssace' Awo year, old Heraclius, centering Anna Ochlert, about the treatment be United States loan "weigh heavily of prisoners in the London district the proposed Anglo-American board. General Hodge expressed surprise making its English debut ranscond Such a board would have equal that the Soviet should accuse the to Prince Aly Khan's Aminațin the on Britain's economy and are drag-
six furlong Earl the 18 accused Gestapo British
of March Two and United States repre- Americans of hindering the work of
} ging it down".
Several of the
Year Old #tokes with £1,000 added on-men who are on trial for shooting sentation, but would for the Arst the joint committee "when many of a result of Britain's
have been at Goodwood on Friday. sided orientation on United States 50 Allied Air Force officer prisoners time give the United States a full the persons picked up
the South aid, and owing to the rapid rise of of war who emped from Sagan
constantly hampering gan volee on the running of the mines.
directions
Charllo Heraclius, ridden by Ita takes would be to implement Korea Government, and the prices in the United States,
sta have complained about bring
(Soviet zone) Eliott, a hot 4 to 11 favourite, was Credits provided in the loan agrea-iltrented by Scotland and some of the present conferences recommend- from North Korea
the acll-beaten by a head by the winner, unt are practically exhausted." hehe officers under his command inations for increasing the Ruhr coal have been tied up with
Britain's champion while they went output which the Americans consider vities of the organisations to witch ridden by dbz London cage anid.
people of these
belong."-jockey, Gordon Richards. "The results of Anglo-American
They being interrogated.
have one of the keys to success of the some
Reuter, economic collaboration are a warn-charged that they made their wril Marshall plan-Reuter.
Miss Dorothy Paget's Aldborough ing to all West European countries
of
was third.--Associated Press, which are being decoyed by the ten latements under
pressure, dollar," he added.-Reuter.
Scotland strongly denied that ho any, prisoners or had beaten up AUSTRALIAN ACTION
forced them to confess allegations put to them.
the
eage,
threats
true," he said. Tlist is entirely un-
The
Counsel
Aug. 22,-It Was Canberra, officially announced' today that
asked him whether Australia is to impose drastic cuts next week in imports of newsprint, he did say on one occasion "we will break your will here nobody ever films and many other commodities.
enves this cage before he admits Mr Joseph Chifley, the Prime
what we wast him to admit." Scol- Minister Bank had been
stated today that the Com-.
land
**Not, at answered:
All". $12-
Col. Scotland answered every structed to place severe restric-
question very briefly, Judge Ad tions on dollar advances to travel- cute. C. L. Sterling several times Hers".
"On Monday, there will a full said to himens come wonted a review by myself and Senator answer questions counsel to
of know."-Associated Press. Benjamin Courtice, Minister Trade and Customs, over, the whole range of importa", he added.
the property automatically revert does Government? Or ownership paks to the lessee? portinent because, The rolat in H valuable building les to be surrendered now
then; after 30 pacrifice priées, and t
by The negotiable years, become
allenation lessees, the degree of will be unfale. It is not imagined that the proposed
covenants for building schemes are
statements bodlel in Thursday's but must be made clear that the public would be critical of a which permited cheap
fully
a of land at his me from which, 20 years heure, would
be derlyed substantial unearned profils at the expense of the com. munity.
fow
DS
A
Algeria's Future
on
ANTI-BRITISH RIOTS IN
CAIRO AND ALEXANDRIA
Cairo, Aug. 22-Police opened fire when anti- British demonstrations broke out, simultaneously in Cairo and Alexandria after noon prayers today."
+
HEAT RUINS. CORN CROPS
Chicago, August, 22.—The nation's corn crop is scorched by the worst drought in 11 vears and no roller is in sight.
the
In Cairo, 40 people, including 10 Belgium, China, Brazil and UNO,
Temperatures were above 109 in mounted policemen, were injured "Long Live Nokrashy and the unity
made. of the Nile Valley"
Dakota and in the high nineties over and
arreats were many
The demonstrator, unhindered by most of the Mid-West, the Weather. Sheikh Hassan El Bann, polities! and
the Moslem the police, reached Ramleh station Bureau sald, and predicted the heat. religious louder of
least through Brotherhood, who led the demonstra- and there they were joined by others would inst at
whe voiced
erious threat" if Egypt" weekenik. tion, was detained for questioning.
Cron conditions are so bad that Members of the Moslem Brother did not get satisfaction at the United. hood,
who were said to have re- Nations.
one Indisha farmer hired a pilot to Hussent Bey Komel, the Egyptian release carbon dioxide gas into the celved permission from the authori ties to hold the demonstudents who stock
on the Alexandria clot in na effort to manufacture" were representative reinforced by religious
"Independence Day"
sprinkle of moisture fell." The Agriculture Department pre- dicted the smallest corn crop since 1930 and feared the result would be All markets, banks and Govern-wheat ned by farmers to find ani- ment departments would be open as mals would be needed for export
usual, he said.-Reuter.
A Government spokesman today described the deterioration in the British dollar position in the past
days
and "atupendous
Paris, Aug, 23.-The French So- oppalling.
There had been a rush
Aus- taken in the National Assembly an "Down with Britain and brandish- next Tuesday--the anniversary of the
Anglo-Egyptian tralia, to purchase dollars, but the the question of Algeria's future lasting clubs and wooden planks.
trenty signed on Government had issued Instructions
În Alexandria, a crowd of several August 20, 1030-would no longer be night, when, by 312 votes against for a close scrutiny of all, appli- | 276, the Assembly decided to main-hundreds left a mosque and paraded considered a national holiday. cations for import leences.
tain the Government's text of the trough the sweets, shouting "Down 'No import licences have been draft Algerian statule as the basis with negotiations, "Down with Dri- cancelled howover.--Reuter,
of discussion.-Ruler,
tain, the United States, France,
cialis split forces; in a division i marched through the street, chanling that Egypt's, announced today, rain for his 700-nerg fleld but only
United Press.