THE HONGKONG . TELEGRAPH, FRIDAY, JULY 15, 1949.
STERLING AREA TRYING TO SAVE DOLLARS ON OIL
C'wealth Finance Ministers
Discuss Ways And
Ways And Means
London, July 14-The Commonwealth Finance Ministers, in their secret talks here today, were understood to have discussed ways of saving dollars on oil and the possibilities of United States overseas investment in the Sterling Area,
When the Finance Ministers met, for the second day, Mr Hugh Gaitskell, the British Fuel Minister, opened a general discussion on oil and its bearing on the sterling-dollar deadlock.
Imports of petroleum products and refining machinery, into Common- wealth countries from hard currency areas are believed to have been included in
the discussion.
that de-
All delegates took part in the refining capaelty In the head together to work out discussion. Thiey were con- Commonwealth and the Unitedcommon solutions, fronted by the fact that thin Kingdom-already projected by It seems to be definite considered any question of currency Yearly Dost of Sterling Area Britain-are being
la· well
of by the conference. in excess petrol
valuation will hot be decided by These
the Britain or plant visual se £100,000,000.
other countries In Although the output of the establishment of a £125,000,000 the interval. Devaluation is not British oll companies is much industry in Britain covering accepted as a long-term or role greater than consumption in the seven new refineries or major solution to correct the present United Kingdomn, the oil Indus-extensions. Work has already economle ills of the world. try makes at present the largest begun on three of them. single claim on dollar expenul- ture.
Plans to reduce this dollar drain by the development of
Israeli-Syrian Armistice Signing Soon
IMF FUNCTION Britain in niso considerably
Devaluation, it it comes nt Increasing the refinery capacity owned by British companies all, is bound to be manifold in its effects and it will be the outside the United Kingdom.
with Ameri-function of the IMF to deelde In conjunction
how for any -currency naka can companies, British panies have plans for building writing down and to what ex- pipe-lines to carry crude ell tent in relation to others. from the Persian
Mediterranean const.
enm-
Gulf to the
Devaluatin
The Fund will also have 10 consider whether, and to what internal extent, there Dro
In Mr Guilkell, it is, understood, economieinaladjustments Eave the conference today the various countries caught in the present full appreciation of une com- the trommels of plex problems of world of gold-dollar
in Britain B Bronce and its bearing on the Sterling Area economy.Reu-well as in other countries, in- cluding notably India, has ita Britain, NO SOLUTION
political implications.
on im- for instance, depends
existence and. UNTIL SEPTEMBER
for her porta
about £450 nlready spending London, July 14.-Major pro-million annually in subeldica posals to solve the world short-to keep the precarlous wages- who Riley,
age of dollars and bring about pronts-costs of living level, will earlier met Moshe Sharett, de a better equilibrium in world have to face new problems of Israeli Foreign Minister, and economy will have to wait until rising costs and increased wage high Ifraell Foreign September It became vicar to-demands with all the political Office officials, said that he had day from Commonwealth cir-implications. not yet received the Iarnell | eles,
酶
Tel-Aviv, July 14. Anter.
· Ternell-Syrian armistled agree. meni is likely to be signed i withla
wock, General William Riley, the Unlled Na- Hons Chief of Staff in Tales- ilne, told Renter" today.
General
other
reda
had
To the latest Syrian de- Following the Snyder-Cripps He described these statement of last week, con- latest demanda from Damascus sultations between the United States, Britain and Canada, wil as "reasonable."
It was understood that "Zero be resumed In Washington In Hour" for the withdrawal of September, side by side with Ismell troops from the town of the meeting of the International Samach and fishing rights for Monetary Fund.
New
GOLD. PRICE
An increased price of gold, pressed for by South Africa and France, with large gold hold- ings, has again to be seen in its possible effect on the economic structures of other countries,
It is almost certain that the the Syrians in Lake Tiberias Most of the Commonwealth IMF will study these common were the main difculties en- countries are represented on problems as well as possible in- countered at the armistice meet- the International Monetary ternal cconemle adjustments be-. Infis between the representatives Fund-though
Zealand fore formulating long-term solu- of the two countries recently. and Ceylon are not members, tions.
General Riley described the and Pakistan's application for difficulties as "a few points admission is pending and it is. Any solution. It is felt here, 15 will turn round the question of which the Syrians raised require presumed at the Common-
greater availability of dollars to ing Israeli approval." He said wealth experts will be available Sterling Arca countries. This is that after the signing of the in Washington for putting their where Amerien will be asked armistice agreement, he would
ท
not up his headquarters in Jeru-
salem, with machinery for su-
pervising the armistice
agree-
ments between Israel and Trans- Jordan, Egypt. The Lebanon and Syria, pending final peace mettle- ments.
Death Of
Mrs O.T. Wong
BIRTHDAY Jap Government's ROXY
Lillian Castle (right), veteran actress and the "Life founder of Begins at 80" club, cele brates her 85th birthday in Hollywood by hoisting Mrs Helena McKee, former studio wardrobe worker, off the ground. Then she capped her plenie birth- day party by waltzing with a newspaperman and tossing one of her guests with a "fying mare."--
AP Picture.
Prediction On Land Reclamation
BRANDED BY SCAP
AS 'UNREALISTIC'
Tokyo, July 14.-The Japanese Government pre- dicted today that 26 percent more land could be placed in cultivation in Japan through extensive re- clamation projects.
General MacArthur's chief agricultural adviser, Mr Marh Williamson, immediately branded govern- ment's estimate as "unrealistic and highly optimistic."
ncres
Be sold the prediction what So far alnce the beginning of misleading, tending to assure far the occupation, 030,000 greater increases in domestic have been reclaimed for agricul- food production than, occupa-tural use, the government', ru- tion headquarters believe pos- | port sald.-Uniled Press. sible.
The headquarters public In- formation office issued n sum- mary of the Japanese Ministry of Agriculture and Forestry's report without consulting SCAP agriculture officials, Mr WH- llamson said.
sald The Ministry's survey 3,800,000 acres of arable. land could be
added to Japan's
present cultivated
14,075,000
heres.
area of Thirty-five
of this reclaimable
'Atrocious' M-Aid Proposal
Washington, July
14.---10-
110t
be
percent fand was in Hokkaido, relu- formed quarters here do iively sparsely populated expect the United States Senato An Appropriation area of Japan, the to approve northern government, sald
Committee proposal that cer- Most of the land Beted as tain Marshall Ald funds must reclaimable by the government be used to buy surplus Ameri is upland acreage, from which can farm.products or else yields of rice, Japan's stopic forfelled.
This
proposal was approved crop, would be low.
The Japanese report offered by the Committee at the same umo as It recommended a 10 the increased percent. cut in estimate of
the Marshall food production which the Plan budget estimate for 1050 reclaimable programme would
of $4,198,200,000. allow.
по
enused deep Both proposals concern in Marshall-Plan circles, officials were today rallying and Congressional-support-to-defeat
Japan
an at present must Import about 20 percent of her staple food requirements and thui figure is rising steadily as a result of still unchecked popula them when the matter reaches tion increases. At the present
birth rate Japan will have near- ly 2,000,000 more mouths to feed each year.
Russia May Have Atom Bomb Soon
BRITISH SCIENTIST'S
PREDICTION
the
Sennte.
The Committee's action would
freeze an estimated $1,500,000,- 000 at least of Marshall Ald funds
to finance surplus form products which the Economic Co-operation Administration es Umated Inst March might be needed by European countries.
The ECA hnd then stressed
that
as the estimates were flexible
needs of the countries were subject to change.
The proposal would mean that a recipient
country
would have
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Produced by OSCAR DANCIÓERS • Olencied by EMILIO FERNANDEZ Suren Play by JOHN STEINBECK, EMILIO PERNANDIT and JACK WASHER ANAMA. ADUHA FILMS PRODUCTION
ADDEDI LATEST FOX MOVIETONE NEWS!
ORIENTAL
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HELD OVER FOR "ANOTHER DAY! FINAL SHOWING: 2.30-5.20-7.30 & 9.30 P.M. A CHINESE PICTURE WITH MANDARIN DIALOGUE
A PEASANTS
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A TURG SOKA ACHEBEMET
COMMENCING TO-MORROW ----
MAJESTIC "NAKED CITY"
ORIENTAL
"SONG OF INDIA"
to accept the farm products as OUTWARD MAILS
originally
estimated--whether
ow, required or not or else now.
the
lose the financial allocation.
Senator Scott Lucas, the Democratle majority lender in
fins Senate, expressed con
that the Adence
Committee's proposal would be defeated, Canberra, July 14.-Professor Marcus Oliphant, flo told reporters that it was the British atomic scientist, said here tonight that hones
never intended that Marshali "would not be surprised if Russia was getting near Ald should be used to support to producing an atom bomb."
Ho
to step in, in a large way.
Two directions in which the Americans
in this can help solution are major investments aboard and multi-lateral direct credits outside the dollar pool of the Sterling Area.
US VIEWPOINT General Riley sald that he
These questions with the Transjordan The death of Mrs Wang Qi- Antention that the bl-lateral tong, wife of Rev. Wong Oi-examined individually by the Professor Oliphant, who is relinquishing his port agreement between Israel and tong, pastor of Rhenish Mis- United States. The lesser de-
as Professor of Physics at Birmingham University to Transjordan for the demill-alon Church, Bonlum Rond, veloped Dominions, like India,
become Professor of Physical Sciences at the Austra- turisation of Mount Scopus had occurred at 8 p.m. yesterday at Pakistan and Ceylon have set
lian National University, Canberra, arrived here today vision of an policles regarding foreign in- been cancelled by the Rhodes the Mission Church, after
vestments. Agreement. This arrangementness of about two months.
on on atomic research mission. _is_still_binding." he ......:
__sald.—
Reuter.
MONTY AT
THE HAGUE
been pastor of the fthenish Mis-
will
be
From the American point of
Mrs-Wong had lived-in-Hong-view, the political and economic ---The---Professor-sald--that kong for over 40 years and conditions of these various America begun producing atom was popular in Chinese Chris-countries will also be taken bombs ceveral years ago, but tlan elreles. Her husband has into account.
"even with her vast industrial From these aspects, the Com-capacity she is only now getting sion Church for many years. monwealth Finance Ministers' into real production."
She is survived by her hus-conference here has helped to He said that the world's most band, Ave. suns and seven to the picture of the whole powerful daughters. One of her sous is Sterling Area clearer in its rela-machine may be built in Aus-
"atom exploding".
DRASTIC CUTS
the
ine newspayed.
American form market. The Washington Post today. strongly critlilsed, the which it described as "atrocla
sald
a
pro- of this
would reinrd the pace of European recovery |much more seriously than a cut of several hundred million dol lars in ECA appropriations, and added, "It was a shameful day's work for the Senate Appro- priations Committee-Reuter.
Last Wish Of Ex-Malayan
of the Western Union Military randchildren, take place country, to appreciate its own enable particles to be directorii solution must be sought upon | Chapman, retired civil servant
was 07.
nt 3
pm
at
the
a force of on atom with
(Continued from Page 1) the well-known importer and tion to each other within the tralla. The machine would be
and prepared pre The Hague, July 14-Field exporter, Mr TO. Wong. arca and to the dollar bloc. In used to explore the interior of anxious to make our contribu
that sense,
would work ontion to such a solution, but that Marshal Lord Montgomery, Chlef manager of a firm bearing
London, July 14.-William T. name: Mrs Wong, who had 18 ence can be consent confor- the atom and
"study considered a
novel principles.. It would Forces, arrived Lodny at the
group," designed to help each The funeral
the basis of military airport of Valkenburg tomorrow
continuing full In Malaya, directed in his will In
and at relailon to others,
public today that his employment in each individual inado near, The Hague.
bc ashas
sunk In country. Lord Montgomery will spend Rhenish Mission Church. In to prepare its case for the Sep-2,000 million volts,
harbour. a few days in the Netherlands terment will take place later at tember laiks in the light of all The proposed machine would
was a former available facts emerging out of be one-third of the
LONG-TERM SOLUTION
Mr Chapman size but
the search for this Secretary for Chinese Affairs in "It lo twice as powerful as the one
solution which Malaya. His will provided £50 being built in Birmingham, the long-term Professor sald.
storted so puspiciously at our to pay the captain of a ship to the sink his ashes and those of his with He explained
atom-meeting lart week
at the invitation of the Royal tery, Pokfulani.
the Chinese Christian
society. "Our Army," an asso-
clation of sympathisers with the
army and army matters spon-
Ceme
sored mainly by ex-servicemen. SIDE GLANCES
On Friday night Lord Mongo-
mery will address a. select audience of Army, Air Force and Navy officials ns well as Dutch government officials and mem- bers of the Diplomatie Corps in The Hague Knights' Hall.
Tonight Lord Montgomery and Lord, Harewood, with Sir Philip
the British Ambassador Nichols. here, will attend the world premiere of Benjamin Britten's Spring Symphony." under the direction of the Dutch conductor,
Beinum-Asso Eduard Van
ciated Press.
War Games In
Tokyo Bay
w
Tokyo, July 14.-Units of the British Fleet and the "American
· Fifth Air Forco, today, began
· joint · training exercises
Tokyo Bay area.
in the
In one phase of the exercizes, plines will make a mock attack on the British cruiser Jamaica and the destroyer Hart-A}.850~ ciated Press,
Now South. Walas
· Coal' ^"Lift": Sydney, July 14-A major coal lift wil begin at dawn tomorrow when the New South Wales Railway Department will start to shift 20,000 tons of coat in cars at Maitland, near Now- castle.
fouk hundred police bent to tho coulfelds have been posted to' strategle points to Guard N Brainst attempts/viaf
'COPIL (DON BY HEA DERVICE, NË T
the conference-Reuter.
Lint
Penang
By Galbraith smashing cyclotrons had to. mr United States and Canadian 20 late wife as near as possible to
“I dan't ask my wife to keep the bills down-aho always
·brings up that $280 I lost in the stook market twenty,
Years
used only between 20,000 and presentatives.
"The really important result 30,000 volts.
discussions with Mr The machine, which would of the
and Mr Abbott was weigh 1500 tons, might be Snyder
three Governments erected within a CimberTa hill that our
In completo agreement side, an underground site being were
before us the problems necessary to protect workers that against dangerous days could not be solved by any Reuter.
or by any casy Improvisation. one country alone, and that it was, therefore, imperative that wo should, together,
AUSTERITY IN
of prosperity provided one
the northeast entrance of the harbour,-Associated Press.
SNYDER IN GENEVA
Ozneva, July 14-U.S. Secre- tary of the Treasury, Mr John
It is hereby noilled that all mail serviers for Shanghai, Tientala and 'North China PLEA Lemporarily suspended.
Unless otherwise stated Elstered articles and parcei posts close" "30 minutes carlier than the ordinary mall. Ti malit clop before 10am, registered and parcel posts close at 5 p.m. on the previous day, Mails are closed at Kowloon Central Post "Omeo- half an hour earlier than the G.P.O. closing tinies.
FRIDAY, JULY 15. Cleaing Times By Air.
„Canton, · (Kowloon (CPO) - 0 om, 330 Noon, 1.30 p.m., 3 p.m. 12.30 p.m.. 3. p.m.. 3.30 p.m. (OPO) Bwatow and Amoy, 830 1.m, (deg); Vai, (ord),
Fonchow, Hollow, Swatow, Amoy, Taipeh, Chungking and. Chengtů. 3.30 p.m. ————
Marilla, Guam, Honolulu, USA and Canada, & p.m.
Air Parcel Ports for blanila, Jonolulu and USA, (Kawinen CPO) 4.30 p.m.: (GPO) 5 pm
Ordinary Al Mall (Printed Matters. Samples and small Packet Posts) for Manila, Guam, Honolulu and USA, (Kowloon Croj 430 punt (OPO) 5 p.m.
Ialphong and Tanol, 4 p.m.
Closing Times By Sea Batron, 1 ..
Korea via Inchon, 1 P Fomasa via Keelung, 3 pm, Swalow, 3)
BATURDAY, JULY 16 Closing Timien By Ale Kwellin, Künming, Calcultz, Tel- peh. Hothow, Swatow, Amoy, Chung- King and Chengtu, 3.30 p.m.
Dangkok, 5 p.m.
Closing Times By Bea Stralis, Aden, Egypt, & Marseilles,
m
Maria, 3 pin
Formosa via Keelung, 3 pun, Japan and Karcsis only for Canan. via Vancouver, B.C., 3 pan.
SUNDAY, JULY 19 - Closing Times By Air Bangkok, Singapore, Batavia, Co- lombo, Sydney and Auckland, ALIN.
Salgon and Paris, 10 am. Closing Times By Sea Formosa via Keelung, 9 am, Swalow, -10 am.
MONDAY, JULY 18
(no -- Closing Times By Alt
DEE THEATRE
Showing To-day
At 2.30, 5.15, 7.30 & 9.30 PM.
YOU'LL
LAUGH
AS
LONG
ASO
WARNE
JOHN
LOVES MARY
REAGAN CARSON ARNOLD
PAYNE MORS VEGONA FIELD
PATRICIA NEAL
DAVID BUTLER ®), JERRY WALD
Added Attraction
CARTOON IN TECHNICOLOR A MERRIE MELODIES SERIES+
"HOLIDAY FOR
SHOE STRINGS"
Radio Hongkong
Calling":
- KT, 10. "Hongkong:
0.02. Rhythm Rendezvous. (Studio); 30, Cantonese by Radio Given by Miss Le Wai Làn & 9.3; Las ·(Sludio); Bangkok, Rangoon, Calcutta, Kura-| 8.50, Zopp Malstarr's .. Dixieland this liners, Nairobi, Mombasa. Dar-; Band; 7, “Afusie · Lovers · Sour"
Salaam, Mauritius, Johannesburg Classical, Request Programme “pre- and Catro via Karach!) Alexandria, sented by Yvonne Charter. (Bludio) 4.30 pm)--(GPO) & p.m.
Bgapore, & pin
a fundamental enluti to, and W. Snyder, arrived in Genova Rome and. London, (Kowloon CPO), World News and News Analysis
་
STAMPEDE OF ELEPHANTS
London Relay); 6.16, "Muzio for Memories" played by Paul Weston & His Orchestra; 8.30, A Vocal, Re- cital by Lala Vincent (Contrailo will. Plano Accompaniment by Betty Drown, (Bidin): 8.45, Ma Bene: "Lo Cid-Ballet-New Sym- Mombasa, July 14. Gamo phony Orchestra: "From the Editorial (London Raley): 910, wardens and other officials are Weather Report; 211,, Paul Temple checking a stampede of 6,000 and the Curzon Case-By Francis
by special. plano. today to con- The recent discussions and tinue his fact-finding tour of the further high-level talks In Europe, SHANGHAI Washington carly. In September He is due to leave Geneva on would, he hoped, strengthen Friday morning for a visit to Britain's ability to carry out the Roms-Associated. Press. (Continued from Page 1)
which sho was co-operation to prising two dishes, and a soup | pledged - in agreement with 550 Firms Rogister
Durbridge. Epizoda 11" "The Baxter snd the second one dish and other European Powers,
elephants from the interior to frothers”. (DECTS); 94AD, ASEPSON- to the Turning
immediate
In : North - China - soup
the coast in search of water, gramme of the use of Webery The population of the luxury situation, Bir Stafford read a
latest réports brought in by 10.10, Anna Bhelton and Bam Brows Sing-Ambrose de la Orch, Pisti of the Orient, which in the dayy passage from
London, July 14-About 550 natives from outlying districts 1030, Te for Music BBC MA last week's com of munique="In
and foreign manu this connection Chinese
indicate.
The officials are led land Light Orchestra (BBC); the world's most striking con- no suggestion was made that facturing and trading companies-
11, Radio News Reel (London Re- Report and Traster of Hiches and poverty, Sterling bo dovalued",
for Import and export trade by Gama Warden Jack Bons(); 11.15, Wrainer
hara
Summary of News; with haves and have-nots in
It I believed. about 70 ele-down. "And that, I hope is that," he have registered with the North
China Foreign Trading Ad-phanta bad-to-be shot to stem elosa juxtaposition within its 54 commentedReuter. square
ministrative Bureau, the Comthis mass migration, which is miter,.
I heard,
* EXPORTS DOWN munist New China News Agency causing havoc ahong crops 16. prior to the Communists' com Ing, of their reputation for London, July 14in the sald in a broadcast picked up the constal bolts Damage fy al frugality, thrift
rendy estimated at several and simple course of winding up the Arst here tonight-Rexer. ilfe.
day's economiė
thousand pounds, sterling E debale, Mr Since
to Harold Wilson, President of the
Associated Pres people in Shanghat, have been Board of Trade, said he had to favourably impressed by the report a further reduction in ex- simple living of the Commu- ports to the dollar aren..
Ismel, July 14-An Rehovot, Inisia, which is in, contrast to Exports to the United ́ Elates
the extravagance of former
which averaged £8,600,000 10-year-old youth won gholed Kuomintang: Tolllclaidom. www monthly in the first quarter this for seven days today for chew-
High-ranking officials on the year and had fallen to 23,000,- ing gon in court The Judge U.S. Civil Aeronautics Admin majority Milltory. Control; · Commission, 000 in Miny; fell further;
had rebuked him and received Istration today suspended the unanimous consent: from: Chen Y1 down, dress in 005,000 lo June to the reply, le none of your
insincss/ 2
the
had
occupation,
arconish drab without distin Exports to Canada also fell guishing Insigniage of cank, from the Bay, Bgure of 27,000, Officials rarely ride in motor 000 to the more than 20 cara,United Prossed
000,000 m Junds Rattlers
Gaol Follows Gum Chowing
11 the judge rotorted Seven days for contempt of courtAxsociated Pressek
Pacf Ratification Hopes Fade
Washington, July 14-Hopea
of a Senato vote this woek on ratification of the Treaty pratically
AIRLINE IS SUSPENDED Today, whốn “two- Washington, July 14 The Benators refused the
lenders
operating rights of the Stento the close of a special Saturday
Freight Incorport tod Airline in wession. dos, or whose plane) 63 persons On Ser wors killed's at Puerto Rico in block an June-Associated) Préserve
Rariter
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