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VOL. II NO. 325
The
Dino
At the
P.G.
Thongkong Telegraph. G
TUESDAY, OCTOBER 21, 1947.
Vyshinsky Opposes U. N. Opening of
Restoring World Trade
Britain Has Done Her Full Share
St. Louis, Oct. 20.-Lord Inverchapel, the British Am- bassador in Washington, told the United States National Foreign Trade Convention here tonight that Britain had ⚫ done more than her full share in trying to restore world trade.
"While, indeed, we have received the Jars
credits from you and
out to Canadians, We have paid Europe and to war-shattered areas of the East some £750,000,000," he Enid.
This aun, measured on the basis of national wealth, equals $14,000,000,000
paid out by you.
some
$15,000,000,000
"We have done more than our full share in trying to restore a multilateral trading system through- out the world,"
Lord Inverchapel cited as post- war British production achievements rapid revival of the British the merchant marine, the present output of 75 percent more trucks, 55 percent more rayon yarn, 20 percent more steel, 43 percent more gus and 07 percent more electricity than in 1938.
Commission
RESENTS PROPOSED
INVESTIGATION
Situation In Greece
Flushing Meadows, New York, Oct. 20.-Mr Andrei Vyshinsky, the Soviet delegate, in a last- minute attempt to block the creation of the proposed United Nations Balkans Investigation Commission, urged the General Assembly here today to reject the political committee', findings on the grounds that there was insufficient evidence to convict Yugo- slavia, Bulgaria and Albania of assisting Greek anti- Government forces.
In a long and detailed review of the earlier Balkans commission's evidence, Mr Vyshinsky said he was trying to prove "the whole artificiality, the injustice, farfetched- of the charges against and highflown naturo" Grecce's three northern neighbours,
ness
Nervousness On Frontiers
Dirut,
Oat. 20.- Lebanese and
Opposing. Who creation of the Balkan Commission, Mr Vyshinsky repeated the charge that such commisalon was contrary to the United Nations Charter and the sovereignty of the nations.
only
The way to restore peace in the Balkans, was to force the imme- dinle
of the British withdrawal
troops and American military mis- a special com- sions and establish
American aid
AMERICA'S EXPORTS Mr David Bruce, the United States Assistant Secretary of Com- merce, who also spoke at the Con- Syrian military precautions were re-mission to supervise vention meeting, said that although ported here long to be continuing to Greece, he declared. American exports had renched on the Palestine frontiers, and it was record heights, they relatively low when compared with unofficially stated that 160 men the tremendous Increase in produc- Haganah, Jewish defence force, were tive capacity.
patrolling the Palestine side near The United States capacity, he Mutuallah, protecting communal vil-integrity of sald, was 85 percent above the 1935 lages. to 1939 average level.
were still
Exports for the first six months of
this year were at the record annual but no incldents
have
yale of $15,200,000,000, bil they ported.
Senior officials of Lebanon
year,
of
amounted to only 12.7 per cent of
and the total movable goods the United States produced, compared with 16.5
Syria were keeping contact and percent In 1020-also n postwar further reinforcements were said to Our imports are execedingly low be "expected soon," reports added. both in terms of supplying dollars to
Nearly 230,000 troops were placed our customers in other countries and at the disposal of the Arab League & in supplying us with the materials we need to support our high-levels week-ngo by Arab states pledged to of production," he declared. Reuter, send aid to the Araba in Palestine in
DROP IN PRICES
Oct.
the event of a British withdrawal
Defence
on
a large
come necessary to
tho Government of States would be
Sessions
The Chief Justice, Sir Henry Blackall, yesterday cere. monially opened the legal year when, in robes and wig, he inspected a guard of honour outside the Supreme Court provided by the First Battallon Royal Inniskilling Fusiliers. This picture shows the Chief Justice carrying out the inspection.
Irishman Wins
World
Flyweight Title
Dado Marino Beaten On Points
13
.four
contest
an-
Western Australia found
no
There
were
WDS
Fun-
Edwards and Watt were caught at short leg off honly shots. Edwards and Bakkas, left Handers, were a good foil to the spy bowlers. Car- mody was unlucky in being caught behind the wicket on the leg side,
For Reservations
Tel: 27880
Price 20-Cents
New Parliament Opens Today
ATTENTION ON TARIFF
NEGOTIATIONS ·
London, Oct. 20.-The new session of Parlia- ment, which will be opened tomorrow by King George with all the traditional ceremony, although lacking in some of the splendour of prewar State openings, will focus early attention on independence for Burma and on the Anglo-United States negotia- tions regarding tariffs.
The Cabinet hos approved the final draft of the King's speech open- constitutional ing the session--the
vehicle by which the Labour Govern- ment will announce its programme of legisintion for the Parliamentary
year.
The Government has alrendy car- |ried two-thirds of its present plans for the nationalisation of the kay industries.
Coal, transport, electricity, civil aviation, and the Bank of England ave all publicly owned or about to
by.
St
NATIONALISING GAS
British Gold
Flows To U.S.
£50,000,000 Sold In
One Month
London, Oct. 20.-Gold to the value of £50,000,000 has been sold in New York since Septem- ber 15, the Treasury announced tonight.
£20,000,000 worth was sold on that date, and a furthur £30,000,000 during the past month.
The Treasury also announced that purchase of $120,000,000 was made International from the yesterday Monetary Fund.
This was in addition to the pur. of $60,000,000 from the Fund chase 1 September.
in connection
with the sale of gold, the Treasury said that "ar
made for
In
schedided for nationalisation are fron and steel, and the gas in dustry. The speech from the Throne is expected, to include an announce ment of the legislation for the nationalisation of gas, but iron and steel, it is believed, will be delayed unill the next session, which will
fourth and be the
penultimate session of the present Government.
Conservative threats of the des- truction of iron and steel nationalisa-rangements have been. tion could mean that the Govern- ment might be prevented by delay from getting this legislation on the Statute Book before the next gencral election.
This has led to a last-minute speculation in informed political Government quarters thut it the
introduce the iron ani does not steel bill this session-leaving 11 good safety margin-It may protect its position by promoting legislation for the further curtailment of the powers of the House of Lords,
Official quarters, however, would not comment on this suggestion.
various shipments of gold at suitable intervals to New York to meet our dollar needs."
STOCKS REDUCED Britain's gold stock has thus been reduced to about £550,000,000. By the purchase of $180,000,000, Britain getting her own fold back from the International Monetary Fund and the Fund a charge of three- maying quarters percent for the privilege of doing so.
A high British authority has expressed the view that although the sterling area is under a strain which stability, the position will develop
gravely
world endangers
-real-strongth-if-a-reprieve of nine
months or so can be obtained.
During that period, Britain must,
sell Some of the main points of the of
out things which, in course,
much speech from the Throne will be the happier times, she would announcement of a special antl- rather keep, writes Sydney Campell, But it was believed tonight that five months before the annual
INTERIM BUDGET
inflationary budget in Novemben Reuter's Financial Editor.
Mr Oscar Lange for Poland, intro-
London, Oct. 20.-Rinty Monaghan, of Belfast, duced the following resolution!
The General Assembly having con- beat Dado Marino, of Hawaii, on points in a fight sidered the question of threats to the
billed as for the world flyweight championship.over. political Independence and territorial of Greece and the views
15 rounds at the Harringay Arena here tonight. uxpressed by the Various delegations, recommends that all foreign troops
There were only
dunces Amarnath did not claim the new Searchlights were seen at night, be immediately withdrawn and all
when the difference
two boxers ball after 40 overa as Mankad was military missions, instructors,
This decision. in for weighed
the contest. The bowling well. re-foreign been
and other military experts be called Irishman scaled seven stone 19% justified, as three wickets fall for immediately from the territory of
pounds and his opponent seven stone 32 runs. Greece. "It
pounds. requests all Governments con-.
There is still doubt, however, cerned 10 report not Inter than whether Monaghan may style himself getting difficult on a dead and slow January 1, 1948, to the Secretary world champion. The
was wicket.
forcing General on the implementation of arra after Jackle Paterson, of strokes in front of the wicket. The this recommendation,"
Spotined, had been deprived
of his majority of Tuns came through AMERICA'S REPLY
Byweight titles by the British Boxing pushed to the on and the hook shot. Mr Herschel Johnson, the United Board of Control, but Paterson hins a-court injunction, re- Sites delegate, said "If it should-be-since secured.
call a special straining the Board from recognising session of the General Assembly to anyone but himself
fly- From Polesline.
consider threats to the political in-wight champions pending a re-hearing dependence and territorial integrity
rity of his case by the Board's stewards. The Syrion Ministry of
of Ceremonies The Master the announced on October 10 that units of Greece,
United
nounced from the ring tonight that prepared to of the Damascus garrison were co-operate with other members of the fight was recognised by the Na-
The wicket is expected to play Nanking,
20.The retaildertaking manoeuvres prices during; the present economic scale on the south-western frontiers the United Nations in putting into tlonal Boxing Association of Americans have no reason to be dissatis-
whatever measures are recom-
by the Elre Boxing Board of crisis showed an average 30 per cent of Syrla, bordering on Palestine,
mended by the General Assembly Control as for drop yesterday following the Gov-
i plonship of the Byweight cham- of play they had taken six wickets The Syrian military authorities for the protection of Greece. ernment and police drastic action by
"Our policy towards "Greece, In Earlier today, the
French Boxing measures outlined during the week- have arrested five armed and uni- end, according to Chinese press re-formed Jewish settlement police, providing concrete aid and in every Federation stated that they would crossed other phase, is designed solely to recognise the fight as a championship parts.
who were alleged to havO Cotton, rice, edible oils and Into Syrian territory while on patrel serve his purpose. We have no bout
Maurovided that the winner met
Bermuda Hurricane motives, We seck
Sandeyron, French and cigarettes all show a decline of 25 in northern Palestine, the Pales- ulterior
meat, bread and tine
European champion, within three Government officially disclosed material gain. per cent while
Hamilton, Bermuda, Oct. 20-A default of this accep- The Jewish police
"The hope of the were
United States į months. In other staple items of foreign dict, today. however, remained steady despite alleged to have gone about 600 Governinent is that the action laten tance, they added, they would con-hurricane, renching at times 100
tille free and would re- the reported talk
miles per hour, swept Bermuds to in quotations of yards into Syrian territory. The at this session of the General As-sider the
incident took place on Sunday.
will be realised, sembly foreign currency.-Reuter-AAP,
cognise Sandeyron as the challenger day, dislocating light, power and The uiversal acceptance of for any future championship Bght telephone communications. limited restraints, will bring forth Reuter.
The streets of Hamilton and of? During the debate on the speech, The total for the Commonwealth over a period of years abundant
St George PATERSON'S CHALLENGE
were strewn with the the Ministers are expected to give yesterday rose to 250,000,000 bushels, benefits to all mankind. The wise
debris of roofs and trees, and road a precise Indication of how the na- which-if the wheat is successfully leadership in these countries should not foreclose for
London, Oct. 20. Jackie Paterson transport throughout the island was tion will this year save £200,000,000 harvested would give a their people the today challenged the winner of the upset. Owing to the communications on capital investment--- move total of 180,000,000 bushels availablo opportunity to shore in these bene-Marino-Monaghan fight to meet him breakdown, no estimates or damage which is expected to mean con- for export. nts by the lack of restraint at this next year and both agreed. Marian or usualties were yet available-siderable cuts in the domestic
destared sald he would be willing to return moment," Mr Johnson Reuter.
to England to fight the Scot, but his
Sam Ichinose
previously stated that Paterson was to put up a US$20,000 guarantee that he would make the weight and appear for such about.
EDITORIAL
Future Of The University
"EDUCATION is the decisive
social service, for progress comes with knowledge," reads a semi-official handout from Lon. don, Then the stalciment crescendos; "It is knowledge that breaks the viclons circle created by poverty, Education In the Colonies musl teach belter agricultural practices. better byglene, belter industrial techno- logy; and thus by raising living standards can ultimately
enable expenditure on education itself as well as on other social services to be increased." An. Inspiring des claration and one which it is to be hoped will guide the dec
the decisions the of the Colonial Office and Treasury when considering the
of the Hongkong Univer future sity. For li is from this high level education that Hongkong
should look for its social reformers and leaders-men and women up-to-date educational
with
AM
background extending beyond the academic narrow confines of knowledge. Just what the Itong-
HOW
Is kong University of tomorrow
to be there is no immediate golog
.OD- Long-term polloy anawer. parently must serve financial con- siterations-a familiar bugbear Bo far as our University is concerned. Unfortunately the hard facts rababliltation and operating costs must inevitably retard early ex-
of
Το
pansion of the
University. restore the Institution to its pre- require war physical state will millions of dollars, and to enlarge
of the
drive.
the cost may, in the Colonial Omce, be Operating and maintenance have automatically made sharp advances, and it is doubtful whether the University, when re- stored, could be run on
run on less than amilton and a quarter dolls
arter dollars a year. Here is a prospective dra
drain on the. Colony's finances which may well enforce a go-alow polley when it comes to determining the alms and
dimensions of the University. Many would like to see the Hongkong University
of educational en- the beacon Ughtenment In the Far East-an Institution which the foremost
scholars in the Orient would strive to reach, and where they could learn the best "agricultural practices, hygiene and industrial Technology," as well na the arts, medicine and selence. It is ambitious vision, but 1 may have. to alve way to the cold realilles on of finance. Much depends the Colonial Oloe's prepared- Univerally mess to
restore the
tho physically; thereafter comes qucation of Hongkong's ability to maintain it. Whatever else bap- pens it is imperative that Hongkong University earns Hself 'n stators nothing_less that enjoyed before the war,
the for
than
effect
Why Fleet Is
Being Reduced
no
London Oct, 20-The Admiralty announced tonight that three of the Royal Navy's Fleet Air Arm stations in Britain would be closed
As an economy measure.
The
hard. announcement came upon the nows that the Home teet would be reduced to four destroyers and a cruiser.
and
manager
world.
but slow tomorrow. The In-
Bled with the position for at the clos
for 100 runs. Reuler,
Reuter.
get in April. The purpose of the during the recent London talks, interim budget will be to prevent Britain convinced the Commonwealth an inflationary wage price spiral countries that, granted this reprieve, resulting from the current export she could and would pull round. drive to overcome the economic crinls. It was believed also that Britain would similarly be able to convince
countries. The Government is understood to Argentina and other be determined to meet at once the Reuter. economic challenge presented by the fact that workers in priorily export be drawing larger industries will pay packets, while the Government restrictions will mean less goods on the home market.
housing programme-Reuter.
Fine Wheat Harvest
Oct, 20.-As ofleinl Sydney, figures came in from all states, the estimates of Australky's wheat har- vent were today still rising.
record
Some experts believed this estimate would be exceeded-Rentor.
Tories Do Not Expect To Regain Power
For Another Seven Years
Both fighters predicted their own
London, Oct. 20.-The Con-1 victory, with Monaghan saying he servative Party was committed expected to knock out Marino, then to a demand for an early general favour the expected 10,000 fans election by its Brighton confer- than at any time since their 1945 | an election campaign' fighting fund with the song, "When Irish Eyes nie. ence, but party leaders privately Smiling."-United Press.
anw little hope of returning to power for another five to seven years unless the economle crisis gets a lot worse.
Indians Open
Cricket Tour
disaster.
The progressive and younger cent of the speakers' were under 40
Į and the fact that more than 40 per
elements of the party showed for years of age. the first time decisively that they The fighting fund will give more were in control. Overwhelming apparty members a personal interest proval of the "industrial charter" in the election campaigns and enable drawn up by the party's Industrial more candidates to be drawn from the Tory the middle and even working Only a Labour Government. can policy committee, sent Slace the, war, the Royal Navy's
classes without Independent means call a general election. before the dichards feeling... strength, has been reduced by about
to stand as Conservative candidates. 75 percent and since September, Perth, Oct. 20-India enjoyed a present Parliament is scheduled to
The charter would continue the High government
Mr Winston Churchill, leader of 1045, the warships withdrawn for fairly good day here under adversexpire in 1050,
all efforts to strapping include two battleships, conditions against West Austraia in Apokesman repeatedly have said they nationalisation of the coal mines the party, resisted nine cruisers and more than 70 de the opening match of the Australian have no intention of going to the and the Bank of England, but would commit it to a detalled programme, stroyera. Some 500
people for a new mandate before restore a "at of freedom" to the na- but with Mr Anthony Eden, deputy waiships are tour.
tionalised road transport and clvli | leader, set forth
as the broad "laid up" in reserve, while 450) have
them. Mankad, although unlikely to
aviation and would revive the general Conservative Dolley the been given, lent or sold to Dominion meet many similar wickets, showed
Top Conservative Party leaders Liverpool Cotton Market, abolished guarantee of a minimum standard of and foreign navles.
that the ball coming in slightly with
balloved they stand a good chance by the Labour Government. It call-life, combined with incentives in tree Mr Loille Hore-Belisha declared the arm, good length and spin, will of recovering In 1050--or before ed for a measure of central planning. competition for further betterment, here today that the reduction of the do well.
abolition of monopolies and controls The Home fleet meant "gambling with Amir Alahi, upst by the lett- then if the government calla
dicharda announced the restoration" of the" buying, power of general election-porhaps halt a permanent interest of Britain to handers, gave hopes of better per- 100 salts they lost in 1946.
and charter was "milk
water the pound and the strengthening of Both should improve
Socialism. meet a temporary dimeulty," Mrformances.
The national executivé lempire tiem, But they, conceded privately they recommended Hore-Bellsha, a former Minister for with better placing of the field,
It was acceptance
of the
on this refusal of the War.
Against more aggressive batamon probably could not overcome the charter only as a basis for discus-Conservativo leaders to proclaim Yar, suggcated that there was no evidence that the Dominions had a better placed field is necessary, prosent Labour Party plurality of sion, but progressives: won Its more detalled policy that the Labour as party polley with Party trained its biggest guns. Tho been masulted, "still leas that they The Indian fielding, catching, pick 200 until the following general elec-endorsement are in a position to take over the up and throwing in was insecurate tion, presumably in 1935, if then. only three dissents.
Daily Herald cried that the party added share of a
Nevertheless, tho responsibility and uncertain. Today, on a slow
Conservatives Other aigns at Brighton of the was bankrupt of ideas and asking which will fall a suddenly upon wicket, the slips and gully were too showed more signs of life and re-rejuvenation of the party were the merely for a blank checke-United them" Router,
deep.
covery at their Brighton conference | opening of a drive for £1,000,000 as · Press.
2
tho
"