THE HONGKONG TELEGRAPH, WEDNESDAY, SEPTEMBER 21, 1949.
SURVIVORS HOME
Holland Follows
Follows Suit: Guilder's New Rate
DEVALUATION POSITION CLEARER
London, Sept. 20.—The world currency picture, clouded and confused by Britain's devaluation of Storling, clarified further today.
Holland became the 17th nation to cut her money, and several other currencies hovered uncertainly.
arc;
In addition to Britain, the countries now in the "devaluation bloc" Australia, South Africa, New Zealand, India, Ceylon, Eire, Canada, France, Iceland, Egypt, Norway, Denmark, Sweden, Finland, Israel, Burma and Holland.
Among those expected to be dovalued shortly aro the West
rupee.
Indis and Ceylon, followed Britain's lead.
100
German mark and the Pakistan The Slate Bank of Pakistan tonight announced the follow- Stul uncertain ara the Argen- ing new exchange rater for tine and
Pakistun Chlican pesos, the the
rupee: One Pound Ster- Spanker pesela, and the Poriin Rupec:-25.0d;
rupees; guero escudo.
Reports
Indian
said:
PARIS: In the black market the Pound was quoted above the official rate today for the first
from
world centres
NY CONFIDENCE IN NEW RATE
New
20,- York, Bent. Confidenor In Sterling at tim devalued rate of $2.88 to the Found sent the price up to ane seul above the offlelal rate for future delivery on, Foreign exchange here to- day.
Thin
timg was the first Rince February 13, 1947- when Sterling for a time was convertible into dollars --that Its rate for future delivery has exceeded the official prioc,-Reuter.
lime for several months-1,010 franes compared with the new rate of 980,
THE HAGUE: Holland came into line with Sterling. today when the gullder was devalued to 3.80 per dollar from 2.85 per dolinr,
LUXEMBOURG: It was sald that the Luxembourg franc which tied to the Belgian franc-would "In all probabl-
be devalued. BONN:
lity"
the
The TAO Chancellor, Konrad Adenauer, telling Bundestag that the Western- mark would presumably" be devalued, said that the measure would be "regretted" because
"internal stability the mark Kavo no occasion what- ever for manipulations of this kind."
of the
rupers;
link:-0.206 Rupees:-144 100 Iulion Bunces: 49.50 Pakistan rupees-Reuter.
GREECE DEVALUES Washington, Sept. 20.-Greece | Today devalued the drachma to 15,000 to the dollar nax 42,000 to the Pound Sterling, the In- ternational Monetary Fund an- nounced,
Erfdeel Gold Sample Was "Salted"
South African Govt Inquiry
The drachma has had no fixed Pretoria, Sept 20. The value und does not acquire an | South Afrlean. Government an- official par value by today's step. |úounced today that it was satis- Previously, the Beeting rate fled that the golf content of was 10:000 drachmas to the samples dollar and 32,000 to the Poand. | ED-5 borehole result on June 3 -Reuter.
was based were "fraudulently kuercased" or "salted".
NO CZECH change Prague, Sept. 20.-The Czech Finance Minister. Jaroslav Kober, told a Cabinet meeting tony that the Czechoslovak crown remained
unaffected by the devaluation of Sterling.
"Our currency la firm and will remain so," he said.
A new exchange rate for Ster- lag of 139.5 crowns against the 200 wis announced previous yesterday by the Czech National Bank-Reuter.
WELCOME
MOVE BY
S. AFRICA.
London,
a
UK Debt Ropaid Before Devaluation
Sept. 20...In surprise move last week, South
took repayment, Sterling, of all the remainder Cabinet today unanimously de- her cold loan to Britain, It was cided not to devalue the schil-learned here today.
VIENNA: The
Ung.
Austrian
TOKYO: The Japanese yen will be maintained at its pre- sent rate of 360 to the dollar
relation and revalued In
Sterling.
The Japanese Ministry
to
of
Africa
Today's British Treasury re- turn showed the repayment,
Treasury
oliciais conmrmed that Britain paid off all the remainder of the loan Inst Tuesday, September 13,
The precise umount
of the
Trade and Industry announced lean still outstanding and the Immediate formation of off inst week was £12,463,125. an Industrial "Rationalisation"
The
original
Council which economic circles ary last year
loan in Febru- was just under re-organise believe will
pro- £80,000,000 - to be precise duction to meet the bitter..com- petition expected from British 79,990,875.
goods.
slated to-
on while the Erfdcel
The yield from the borehole Odendaaltrust,
Erfdeel Farm, near Orange Free Slate-had been officially con- armed from these samples ut a "fabulously rich" agre, more than twice as rich as any pre- vious find in South Africa.
This official confirmation bad
given the yield at 50,105 inch
or In Pennyweights,
plain lungunge 529 ounces of gold tu one ton of ore in a reef just over five inches wide.
Following the oficial notice an June 3 shares In the Com- pany holding the option al Erfticel and others affected by The flud boomed on the Johan- nesburg market.
or this, the difference of £67,533,750 hul WARSAW: New exchange already been paid off in Ster- rates are to be introduced inting since last March.
Treasury ofheinls Poland to correspond with the
was values of recently-de- day that the repayment valued foreign currencles, the entirely on South African Follah Finance Minister, Kon-Initiative, stantin Dombrowsky, amouneed. This must have been
The Polish National Bank and welcome to the British authori- other exchange banks have been lea. Instructed to buy British Pounds
new
44
highly
A Government statement said today, "No particulars can be d'vielded at this stage of the Investigations.
"The Government, however, withea to give the public its assurance that no stone will be left unturned in its efforts to
bring the guilty party or partles to book, and that it will not hesitate to take the strongest
possible measures, irrespective
of the standing of the persons involved.
"In the meantime, the Govern- ment will take steps to minimise the possibility of the publication
*The USS Tusk Hes alongside a pier at the US sub- marine base at Groton, Connecticut, after her arrival with survlyors of the USS Cochino, which burned and sunk off the coast of Norway last month while on exer- cises. Anxious relatives gather on the pier as survivors leave the ship. (AP Picture);
Ship Explosion: Inquiry Continues
ENGINEER ON WATCH
DESCRIBES FIRE
China Must Solve Own Problems
-Marshall
Now York, Sept. 20-T^{}~ former United States Secretary of State, Mr George Marshal. said today: "It hna become In- creasingly clear that the básle problems
confronting
the Chiness people cannot be re- solved through external aid."
Writing in the current Annust Survey of the United States in World affairs, sponsored by the
Council on Foreign Relations. Mr Marshall sald that evidenc that the Amerleens
ก
policyed i
"affirmative
in foreign relations Ja general, gove ground for optimism con- cerning the future.
Ho sald major foreign polley decisions taken during 1948 by the Democratic President and Republican Congress constituted
a "brilliant demonstration of the ability of the American proplo to meet the great responsibilities of their new world position of lendership"-United Press,
CHIANG'S APPEAL
Canton, Sept. 20-Generalis- Almo Chiang Kai-shek today arged Chinese to join the "fe and death struggle". with Cum- munists to save China from becoming a Bussian vossal.
As he spoke a revolt in Inner. Mongolla struck a severe blow at his attempts to milly the remnants of Nationalist Chinn.
General Tung Chi-yu, Gov- ernor of Suiyunn province, who commands 100,000 men, was reported to be leading the revolt. If true, it wipes out a Na- tonalist buffer between Com- Ching and the munist North Nationalist North-west, Sulyunn was also Nationalist island be- tween the Red North and the pro-Soviet Mongolian People's Republic.
The
Chinese
Communist
radio In Peiping sald the whole province, was delivered by Gen eral Tung on Monday).-AsSO- ciated Press.
Ilse Koch To
Be Tried For Murder
Bamberg, (Bavaria) Sept, 20. Ilse Koch, former "Mistress ot Buchenwald," is to be tried for a 12-man German murder by jury at Augsburg, probably in November, the German Pro-
John Blake Quealy, Fourth Engineer, who was the engineer on watch when the explosion occurred on board the ss Chaksang on the night of September 7, told his story at the Marine Court of Inquiry this He told the President, Mr Neil Garland, morning. that he could offer no explanation of the probablesecutor, Dr Ernst Jagomast, an- cause of the xplosion.
nounced here today.
Qucaly、id that the fire was intensely hot. Tho ship's plates on the port side were white hot and the fire appeared to be of an orange flame, with black smolic.
of false or exaggeratest reports In reply to à question, Quealy |
the value of gold ore Te said that the shock of the ex-
Reuter, covered from prospecting hore-plosion was not sufficient to
knock either himself or the No I donkeyman down.
Quealy, in his evidence, 'said
Conference On that he went on watch at a p.m.
Travel
Luxembourg, Sept. 20.-The annual Conference of the In lernational Union of Omelal Travel Organisations today be- ran a thorough examination of how to eliminate passport, aur rency, customs and other strictions hindering tourist tra- vel.
on September 7 and had been given us.ructions by the Chief Engineer to fill up the stur- board centre tank with fuel oil. At the time of the explosion ke had just begun pumping. No. 1 donkeyman was in the the time and engine room at
standing at the transfer
was
re-
pump.
The
"Big Six" Meeting
For Peace Suggested
He said that the trial was
recent fixed after his
two- month trip to the United States, where he gathered "overwhelni- evidence from former in- 'ng
nates of the Nazi concentration camp.
lise Koch is now serving a four-year prison term at Lands-
berg Frison following her con-
viction by a Military Govern-
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tion camp prisoners.
She is due for release October-Reuter,
Stalin's War
On Science
In
was
Paris, Sept. 20.-Dr Sarve- balli Radhakrishnan, the Indian Ambassador to Russia, today "I was in the engine room near calied for Had it not been paid of last
a meeting of six the stokehold door and saw delirads of State, two from the (Continued from Pare 4) at the rate of 1,111 zloty to the week, Britain would have been
bris falling through the skylight, East, two from Europe and Pound, as against the pre-bound at the week-end, under The Conference, which will We expected heavier articles } President Truman
became fully manifest after the and Gener- devaluation rate of 1,000 zloty. the terms of the Cold Jann Inst five days, is attended by would be coming and ran to the alissimo Stalin.
wor WOS over. astonished The new relung price for the agreement, to write up this debt ¦ about 70 delegates and observers
American physicists; it Found is to be 1,123 zlety in in proportion to the devaluation from national travel organica- mouth of the funnel. After
The purpose of the meeting, largely due to the fact that lend of 1,016. 11 added that of Sterling. She
everything was over we cam would then tion or Government departments back to the engine room," he the Ambassador said, was "not science cannot flourish in an the rates of exchange for other have owed South Africa about of countries in Europe, Asia,
to achieve political results, but atmosphere of dictatorship, re-valued currencies would also £18,000,000 instead of £12,- | Africa, North and South Ameri-
to break through the blinding be correspondingly reduced. 500,000-Reuter.
en und Australia.-Reuter,
nn uppection
Stalin's Interferences are even Router.
everything was in order. By mist of misunderstanding."
more serious than Hilter's. There Three hundred delegates, nt_ time the donkeyman had
(is reason to think that he will begun to go up the ladder. Then i tending the fourth General Con- insist upon a new, orthodoxy in ference of the United Nations atomic physics, since there is By Galbraith I thought I would go up and see Educational, Selentifle and Cu: much in quantum theory that
tural Organisation, opplauded
Communist Dr Radhakrishnan's pica.
PAKISTAN NOT TO FOLLOW UK LEAD
SIDE GLANCES
Sept.
Karachi,
20.-The Pakistan Government decided bonight not to devalue the Pakis
in relation to the tan rupee United States dollar,
The decision was taken at n five-hour Cabinet meetlug.
Pakistan is thus
the only Commonwealth nation not fo dovaluo her currency after the devaluation of the Pound Ster- Ing. All the other Dominions, including Pakistan's neighbours,
Quirino's Gift To Songgram
Manila, Sept. 20--The
Fordiga Philippine
Office is buying 50 Backs of reined sugar to be sent to the Thai Premier, Marshal Pibul Song-
·gram, as a gift from President was officially dia. Quirino, it closed today.
This would reciprocate the Thal Premier's previous gift or 50 sacks of rien to the Philip- pine Chlef Executive, the an- nouncement sald.--Reuter,
Information Post For Eisler
Berlin, Sept. 20-Professor Gerhard Elater, the Communiat who fled to Europe from Ameri- in the Polish ship Batory warlier this year, was today nominated na head of a newly. areated 1Offee of*** Information for the Soviet Zone of Germany.
34
GOPA, 1980 ET TILA, BERVIOR, INC. T. II. 200, CA E PATƐ CÚT,
7.27
"I mile
this
and
and
if I could see someone. stone
practically
distance no when the telegraph rang stow antern. I went to the control Inndi vas botluning to turn the engine aster when the Second Engineer came on the scene to Asist.
SHUT OFF FUEL
runs
to coupler
dogma.
atomic
"Cannot, we from here, in the name of UNESCO, call upon the An
bomb made on leaders of the world to listen to Marxist principles would prob- the voice of humanity in anguishably not explode. For, after to give up the ways of the all," Marx's science was that of a Jungle and inaugurate the his. hundred years ago. tory of man?" Dr Radhakrishnan naked.
For those who fear the mill- "We heard the Chief Engineer
*ary power of Russia, there is giving us instructions to come
"Cannot we stop getting angry therefore some reason to co- D from below. With that we with each ither, stop the poli-joice in the muzzling of Russian shut off all fuel. When I came tical wrangles, the long distance science. But from a human, as up I went, to my cabin and campaigns which we are carry opposed to a military point of managed to collect a few of my ing on in the capitals of the view, It is a disastrous abomina- things and then went to No. 4 world and work together lifeboat. When I arrived there peace?
for (ion.
they were in the action of "We cannot continue to lvo lowering it. The Chief Officer as an armed comp in a state of and I returned to admidehips prepetual alarm. accommodation and inspected
all the cabins. We returned to the lifeboat, which had been 'owered, and a few of
word
left on board as we were unable to got in.
-London Expraas Service)'
WALL OF PREJUDICE Radio Hongkong
H.K.T,
0.00.
"Is It Inconceivable for half a dozen heads of States, two trom
Hongkong Calling - PrO- the East, two from Europe, and Tune Summary: 60, Play Yor and Golly of Chuldron: "Bandra President Truman and Gen-Wization" by WRI Summer
"A lifeboat from the Now- crnliesimo Stalin, to meet, not to Episode 3: (Studio); 0.15, Carmas rooz came up under the stern Sehlove poiiflent resulis, but to Cavallaro (Piano) and · Elle Or and took the remainder of us break
the through
blinding chestra: 8.40, Saxophone Recital by Emilio Balonga with Piano Accomə mis of misunderstanding, this paniment. off"
by Vicenta Cristoba Replying to the Court, Qualy mounting wall of prejudico? Catudio) 7.00, "Record Round-
ald that, the transfer pump was "Such meetings were held Abon Variety. Request Program- Just inside the stokehold door during the war.
me Presented by Jears __Halliday, Cannot they (Studio): R00, World News, and
on the starboned side. The ex-be held today to discover the | News Anatrija, (London Relay): nlosion occurred less than five bond to peace? minutes after the transfer pump was started
Witness said that he had no explanation to offer as to the "robable cause of the explosion. He did not notice anything par- Heular about the debris.
Wong Kai-mitig, No 1 cargo asupervisor on the Choksand, was
then called to givò evidence.. The hearing in proceeding.
"It's boun aoveral years since he found anything wrong with me- only hope he isn't losing his enthusiasm
he grows oldor}"
8.15, "Much Binding in the Mersh" with Fuchard Murdoch and. Kon- "The goal of peace is not be.neth Horne, (DICTS): 9.45, General ly Boom By Keanih Hunt
Reindeer" funt in yond our reach and we will, Souths
London Relay) 0.00, From the not beyond our strength,
Zaitorials London Belari 9.10, "Cannot we strive for a peace Weather Report! .11, Tom Jones not built by the blood of the Excerpts from Edward Germ people shed on the battlefields Laths: Opera, (BUCTS): 10.10, A Programine hy Mozart-Beethoven of the earth, sea and alr, but Denis Dailḥaws, (Piano)... 10 30, 11.03. Radio the truth and virtue, built in the Netto For Dending minds, hearts and consciences News Tes), Lendon Relay) - 11.15, Weather Report and Bummary inf of men?"-Reuter,
News: 1130, Class DowN..
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