1947-12-16 — Page 9

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the Trustee Company of the Hongkong and Shanghai Banking Corporation

Hongkong.

THE CHINA MAIL, TUESDAY, DECEMBER 16,–1947.

SOVIET DEVALUES ROUBLE Just To

Prices Of Industrial Goods Reduced

Criticism

Of Royal

Rationing System U.S. TROOPS

Abolished

...

London, Dec.-14.

Allowance Soviet currency is to be reformed on Tuesday, Dec.

LONDON, DEC. 14.

TWO LEFT WING NEWSPA. PERS TODAY DEBATED THE ALLOWANCES FOR PRINCESS

16, under a decree broadcast by the Moscow Radlo today, which said bank-deposits of the "overwhelming majority of depositors" would retain their previous value.

ELIZABETH AND PRINCE The decree was issued in the name of the Council

PHILIP

"Reynolds News" asserted that the larger amount "too much" and said. "in the best interest of the throne and the

shortl prople, Parliament revise it.

"In Britain today a style of living that calls for a joint income Di s8,000 le altogether too elaborate,” the paper said.

of Ministers of the Soviet Union and the Cen-. tral Committee of the Soviet Communist Party, which declared that the reform, neces- sitated by wartime developments, would leave unchanged Soviet obligations under agree- ments with other countries,

"The Soviet State faces the

QUIT ITALY

Leghorn, Dec. 15.

The last American 00- cupation troops in Italy sali- ed yesterday aboard the transport, Admiral Sims, nine hours and 45 minutes ahead of the midnight deadline set for their de- parture by the Italian peace - treaty.

го-

A small graves liquidation and registration inll mains behind in Rome, un- der special treaty provisions, and no longer on an occupa- tion assignment.-Associat- ed Press

the remainder at two old roubles Grim "Words

Money cooperative

tasks of carrying out a currency to one new roubles. The Sunday Pictorial," however, reform for the purpose of streng- said that the Cabinet "will wugur hening the exchange rate of the duly accept the higher amount. rouble as well as abilition of the The "Pictorial" leoned toward aprailoning system for supplies and proval of the £50,000 a year saying of proceeding to expand trade at that is amounted to $8,000,000 far willed State prices," the decree things" farthing a head if every stated, person in this country contributed,” -Anelated · Press,

U.N. Council Meetings

Lake Success, Dec. 15.

It recorded that during the war the circulation of money increased while the production of consump. then goods fell, adding that the monetary circulation had been swelted by "false money" issued by the Invaders during World War II.

Communist

takings and organisations and of Marseilles collective farms: Five old blea for four new roubles.

State loans issued before 1947: To be consolidated into a "unined loan"

on the basis of three old roubles in previous loans for ona new rouble in the unifield loan. The decree pointed out that this rate was a more advantageous than was laid down for the con- versions of cash.

wages of

State Price Two meetings of the United Na The State prices for rationed "While the currency reform 1 tions Security Council, one

effected the dealings had been maintained cun- being with the Indonesian-¡unch Condictat, but free market prices had workers and employeen as well. and the other

that times risen to ten to 15 times as the income of peasants from with Trieste, sup

the pre-war N. programme this week,

level-a situation State deliveries and other labour Exploited by "speculative ele. On Tuesday the Council will meet

Incomes of all sections of the ments" to accumulate great quan decide whether Australia will be

population, will not be affected titles. asked to contintre as a member of the

by the reform but will be paid in the new money at the previous three-nation good, uffices

rates," the stalement declared,

Bank deposit transactions would be suspended on Dec. 15, 16 and

'It

Exchange Rates Commission

which is trying to settle the tu danesian fighting.

Australia will teave the. Council mad the aptestion aries of Dec. whether that would force her all the

Commission.

Wednesday the Council with hold a closed meeting to discuss the governorship of Trieste, Thus far the five great posters have been unalsle to agree 411

a governor.--Associated Prese

Mm.

ADOLPHE

MEKFOU

NEW

tx-

Detally of the proposed change rates for the new money were given DS flows: Bank deposits, up to 3,000 rouble at per value. Bunk deposits tween 3,000 and 10,000 roubles

be-

3,000 roubles at par, the remain der at three old roubles to two new roubles,

roubles, Deposits over 10,000 3.000 roubles nt

par: 7,000 roubles at the rate of three old roubles for two new roubles and

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The decree announced that in future the difference between tha and the "rationed" price would "commercial" (free market) price

be nbollshed, making way for a single State retail price. It in- stricted the Ministry of Com- merce to fix in accordance with the reform, new pricts for fod products and industrial products. schedule, however, collective

to

The

new would not apply farm markels,

The new uniform prices for industrial g:ods would be on an average less than one-third of the present commercial prices,

Privileged Hit

Emphasise His Point

CAIRO, DEC. 14.

Peninsular

NOS SEPARABIL

Pare: 0

& Oriental

STEAM NAVIGATION COMPANY

SHOTS WERE FIRED IN- TO THE AIR BY LAMLOUN PASHA, A BEDOUIN' LEAD- ER, WHO BRANDISHED. HIS GUN TO EMPHASISE A |FIERY SPEECH EXPRESS- ING HIS DETERMINATION TO FIGHT FOR PALESTINE, "ORMARA" AT A MAMMOTH ANTI-PAR-{ "TREVOSE" TITION DEMONSTRATION "STRATHNAVER” HERE TODAY.

ARRIVALS

"RUBY STONE" "SOCOTRA”

FROM

Japan Kobe

DUE

17th Dec.

17th Dec.

19th Dec.

22nd Dec.

24th Dec.

2nd Jan.

U.K. via Strate

13th Jan.

II.K. via Straits

13th Feb,

16th Feb.

"ORMARA" "TREVETHOE" "TREVAYLOR" "CANTON"

SRIP

After attending mid-day pray- ers at the El Azhar Mosque, be- tween 60,000 and 100,000 de- monstrators marched to the Con Unental Hotel to hear addresses from the Arab. Premier Emir Felsal, the Saudi Arabian For-] "SOCOTRA” eign Minister and the Lebanon and Syrian Premiers, who were greated enthusiastically when

they appeared to address the "RUBY STONE"

crowd.

the

Mahmud Nokrashi Pasha, Hoj Amin El Husseini (the Mufti of Jerusalem) and Marseilles, Dec. 15.

Iraq and Transjordan Premiers The Communist Deputy, Jean were notable absentees. Cristofel, today urged Party Emir Feisal, who promised members who participated in last Saudi Arabian money to "save week's unsuccessful fight to pre- Palestine," was interrupted by pare for an "even harder fight", shouts of "no petrol for Ameri- which he predicted would take ea" from the crowd. place soon,

After two hours when the de- Speaking at a Communal mass monstrators were collapsing at meeting, Cristofol termed the the rate of one a minute, the end of the strikes "strategle crowd left the square to march withdrawal" by the Perty. He past Abdin Palace. It then dis- urged Communista to "remain persed-Reuter. more anlted than ever and to be ready for a harder battle which will take place in the perhaps near".

future, Chinese Air

Cristofol na been charge Officer In with being the leader of the lieprters here last month England

United Press,

HE WAS HITLER'S ATTORNEY

Berlin, Dec. 15. Franz Zaver Schwarz, 72, former National Treasurer of the Nazi Party, died in an interment camp at Regensburg in the United States oc cupation zone of Germany.

Schwarz held the power of attorney from Adolf Hitler in all financial matters of the National Socialist Party-Anclated Press,

SOCIALISTS TO MEET

London, Dec. 15. A luncheon was given by Dr. Cheng Tien-hai, Chinese Am- assador, to mark the com- pletion of the training of three Chinese officers at the R.A.F. Staff College at Gerrards Cross lat Buckinghamshire.

The officers are Colonel Lin Wen-kwel, Colonel L L. Chien, and Major Y. 3. Chen,

Guests of honour at the party were Air Commodore A.W.B. MacDonald, Commandant of the College, and Mrs. MacDonald; Group Captain M. G. Philpott, second in command, and Mrs. Philpott; and Colonel Lai Ming- tong, Chinese Air Attache.

SALVATION ARMY London, Dec. 15.

HEAD DEAD A British Labour Party dele- ention and representatives

New York, Dec. 14. Finnish, Dutch, Swiss and Ita- mer head of the Salvation Army, General Edward Higgins, for-1 lian Socialist parties are ex- died today at his New Jeracy pected to attend the Polish So-home. He was: 83. cialist Party conference due to His death was announced by

of

The decree promised that the Josses incurred by the over- whelming majority of, working,

the people through

conversion would be "short-term and Insteni. ficant." while it would hit, firs! of all, the privileged elements." The working population's losses would be fully compensated by the abolition of high commercial orices and the reduction of exist ing rationed prices on bread and cereais. However, the population open in Breslaw tomorrow, the the Salvation Army headquarters

Warsaw Radio said.-Reuter. here. Reuter,

must bear some of the gren

ncrifices" required, "specially as this will be the last sacrifice." The rationed prices for bread wuld be reduced by an average of 12 percent and for cereals by percent. Beer would be

about ten percent cheaper.

Unified prices of other food- tuffs would be maintained In reneral at existing levels, Wine and vodka would. remain Un- chonerd in price.

Death Of The Man

With The Pipe

Stourport, Dec. 14.

Unifled prices for Industrial Lord Baldwin died in his sleep last night at his enods would bent 4 rather home here. He was 88 years old.

higher level as compared with

low ration prices although re-

ая

and

be of

Better known to..the public as duced by an average of one-third and other vegetables, would be plain Mr. Stanley Baldwin,

compared with commercial the same as previous ration was created Eörl Baldwin prices,

prices. New prices would be Bewdley In 1937 when he severed Prices of meat, fish, fats, Rupar.ised for intik

cggs.—most of his links with public life. tobacco, confectionery, potatoes Reuter.

He was a lending Agure in the abdication crisis of, 1028 when the newly crowned King Edward the Eighth left the Throne to his brother, the present King.

A BRITISH CROSS WORD PUZZLE

4

L.

[2]

12

113

14

15

16

117 18

19·

21

22

120

123

* Clues Down

Negligent

*"Stered-bang.” '19' Attack.

* Boredom."

··☛-Symboli

10 Bellow

12. Bilés Is Purport 16 Cheerful

refrain.

20 Instelict.....

-21-Vein

25-Iimpliè

--- 24′′Uptical

23 Margit

26 Venerate.

17 Kind of

EN'S BD, C.

OBTAINABLE AT LANE CRAWFORD LTD. HONGKONG & KOWLOON, “OR FROM AGENTS, FRANCOIS D'HARDIVILLIERS LTD.

“(FRENCHI BANK: BLDG.)

TPM

ClubM

1 Camo, back11 Renovating.-

1 Go-between 12 Te

-3: Bliter..: ICS Educated.

3 Cheats 2014 XVIld_fight.

#6 Part of that Vehémient doorway, 72 Speech

Twins

A 22 Heap

Thee Prime Minister held urgent consultations with the heads of the Dominion Govern- ments, had audiences · with the King himatif and finally went to the House of Commens with King Edward's message of abdication, Another event in his long and distinguished career as a public servant, was this - leadership of his Government through the dark | days of the 1928 geheral strike,

In his youth. Lord Baldwin was associated with his family's from foundry.-He was 41 before he entered political life^as/ Çon- servative Member for the Bowdi. ley division which he repré- sented in Parliament top.. 20 years, during, 12 of which He was Prime Minister

Lord Baldwin had been · müster- ing from a slight cold for a few days, and was found dead by n servant who went to teall him early this morning.

A family meeting was; hold to- night at Lord Baldwin's home at Astley Hall and it was, under- alood that cremation would take place in Birmingham. The actual day and time. wilt be decided by the new Earl-Redler, A

BATAVIA BOMB EXPLOSION

Bavia, Dec. '15.. [-Nine), warg tnfüred; and deisineit

| InCat" military, hospital", hére today sv

the result of a mysteriouï explosion) "Task" night in the midst of the crowd Teaving the Capitol. "Theatre. Inɛ and rowed, 24 Contique, 25 Escort, 26 of the rugin/streets of Batavia, Ruthless,

Yesterday's Crossword Down Sture 2 Adore 3 Dilst have been could be ha

Sugar gee ed, 4. Retd – Moor, 6 Tinder: 7 throwo dearos, Dade milit ~Acroni Drantile, 1. Caddie, 9 Chairy, 10 Mar 1 Barons Resim A Rovatyshire. Lemonade, -11 Toreador, 18 Hair: 11 prass, [16-Laščat, 417: Cozart: 320 | Kight butyl boy fhared but not Dabar, 11 Dated -19 Quen, 22. Bör-1 Gyroon, 41 Edlie, la will,(1), Ruang | admitted to dagopiajarkundens s

"ORMARA" "TREVOSE"

"STRATIINAVER” "ORMARA"

"TREVETHOE" "TREVAYLOR” "CANTON"

British

Slugapore Shanghai Kure

Shanghai

U.K. via Straits

SAILINGS

TO

„Genoa, Marseilles,

Havre, London, Antwerp, Botterdam (Amsterdam) via Straits & Colombo Bombay via Straita Shanghai ......Ġenoa, London

Antwerp Rotterdam (Amsterdam) via Straits & Colombo .U.K.

Bombay via Straite

& Colombo

Shanghai

Shanghai

U.K. via Biralts

SAILING

18th Dec.

19th Dec,

21st Dec.

24th Dec.

26th Dec. 3rd Jan.

16th Jan.

15th Feb,

23rd Feb.

India

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SHIP

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ARRIVALS

FROM

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TO

.....Amoy & ̈Shanghai ...& Rangoon

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DUE

31st Des. 13th Jan,

SAILING

2nd Jan.

15th Jan,

Australian

STEAMSHIP COMPANY LIMITED

.:SHIPS

"NELLORE” "NANKIN"

ARRIVALS

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Early January

Late February

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WATERMAN

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MOBILE, ALA„U.S.A

Expected arrivals from U.S. Atlantic Ports:-

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xs "FAIRPORT". *.*. "KYSKA"

Due 16th December

6th January. End January

For freight and further particulars apply:-- WALLEM & COMPANY Agents.

Hongkong & Shanghai Bank Bldg.

Chinese Freight Agenta: HIN FAT & CO., LTD. Tel: 25563, 28823 & 23188.

Tel 24177-9

IVARAN LINES FAR EAST SERVICE

Expected arrivals from U.S. ATLANTIC FORTS: ALY. “IVARAND

pected arrive 24th December Londing - for U.S. 'ATLANTIC/PORTS vis PANAMA:--- M.V. "IVARAN":

About 26th December tipplary: apply!-ti

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