1948-01-27 — Page 8

Model BX 665X has an AUTO- MATIC Bandspread system of an entirely new design,

Philips Aero Radioplayers

bring you these

Radio adrances:

10 great

*. AUTOMATIC BANDSPREAD

2. SILENTODE CIRCUIT

Imer stations, desi movie)

D. THERMO COMPENSATION

•

4. PADDING CORRECTION

(keller startu, ka set and tom

5. CONDUCTOR SWITCH

the pour mien conductor)

CONTRAST EXPANSION

trender tudit zonej

7. AUTOMATIC OVERLORD

CONTROL

fereloading of the 224 imponible i

K. ANTI-MICROPHONIC

10

CONSTRUCTION

microphone hou! definetely

1. TROPIC-PROOF

CONSTRUCTION

INCLINATOR DEALS

liminateds

A window

to the world ...and beyond!

And

The dial on your new Philips

16 window Radioplayer is the whole wide world.

beyond, too. For inside. the new Philips receivers you will find all the latest develop-

ments in radio-the develop-

ments by which man has conquered space and harnesy- ed sound, oven as the airplane has conquered speed.

PHILIPS Aero;

PHILIPS

radioplayers

MASTERS

OF THE

DEMONSTRATIONS AT -

CENTRAL RADIO

and

ELECTRIC CO., LTD.

50. Nathan Road,

Kowloon,

Tel. 69814

DRIVE AWAY

SKIN

DISEASE Now

Skin eruptions and wores arc qurly healed with shin D.D., Prescription. This marvellous antiseptic Iquid healer penetrates deeply into the Infected skus tissues, kills the germs, stup poloning and helps the growth of healthy skin. Don't suffer BOILS, SORES, ULCERS, DROBI ITCH, ECZEMA, PSORIASIS, RINGWORM, PRURITIS or other skin troubles. Ask for D.D.D. Prescription.

D.D.D. - D.D.D. – D.D.D.

Obtainable at all leading Dispensaries & Stores.

Sule Agents:-

IMPERIAL TRADING CO.

5th Floor, King's Theatre Bidg.

WATSON & COU HOWO KONG & CHIKA

HAIR WASH

Tel. 28209.

Quinine

KEEPS THE SCALP -

FREE FROM DANDRUFF COMBATS DRYNESS

AND PROMOTES

GROWTH

OF THE HAIR

A.S. WATSON & CO., LTD.

THE HONOSCERE DISPENSARY

TELEPHONE ALDO)"

THE CHINA MAIL, TUESDAY, JANUARY 27, 1948,

PARIS DEVALUES THE FRANC Free Market In Gold To Be Set Up

Rules Laid Down

For

Exporters

Paris, Feb. 25.

France tonight announced a new franc rate of 214,392 to the dollar. The sterling rate will be 864 franes to the pound as expected. Within a few days a free market in gold and cer- tain hard currencies will be established. At the beginning, it was officially stated today, the only hard currencies to be dealt in will be the United States dollar and the Portuguese escudo. Other currencies may be admitted to the free market as time goes on, it was au- thoritatively stated.

Exporters will surrender half [coming from non-commercial set- their foreign exchange a the tlements, currencies corresponding ofTefal rule and will be allowed t: in m vements of capital from dispose of the other half in the abroad into France, and curreneles free market. To purchase, cur from foreign tourists, rencies in the free market, it will be necessary to act thr ugh op- provid agents and 10 be in persession of an Import licence or an equivalent currency certißente. Everybusly will be free to Roll foreign exchange in the free

anurk 1.

Usual Conditions (b) The resources (in foreign currencies) of the market can be used as follows: for payment of Imports merchandise, except for certain special entegories of in- ports considered as essential. The currency Friet's an uncement of an 80 of these latter imprts will con required for the payment per cent increase in the purchasinve to be delivered by the Ex- ing power of all foreign curren change, Stabilisation Fund at th els ninst the frames, as from rate adopted by it for all other tomorrow, crided with a joint settlements or m veinents of enni. Anglo-Freeb statement regarding tal from France abroad. except the disagreement between the

for certain payinents by the State two nations.

-

A French e inmunique, ameing the devaluation of the currency and the establishment of afre market in United States dollars and Portuguese escudors, stated t night that the following decisions had been taken:

80 Per Cent

1-The rates at which the Ex change Stabilisation Fund will buy or sill foreign currencies against francs will as from Jan. 28, 1948, be increased by 'n premium.

This premium applies Lo atl transactions and is uniform to all currencies. Its amount la fixed at 80 per cent of the rates in force tip to now,

uther

The new rates of the franc will thus be 214,392 for one dollar and 404 francs for one pound sterling The parities of the Metr politan frane in relation tu The currencies of the frane zone will not be m: died, except in regard. to the Trane of the French terri- torits of the Pacific as well as the French rupee.

t

Free Mark?

mar-

2.-Alongside the offelai ket, there will be immediately established a free market in which the United States d liar and thei Portuguese escudo can be quoted. The characteristics of the free market will be the following:

(a)-The market will be sup plied: by one half of the produce exports, the nther half being eded to the Exchange Stabilisn- tion Fund on the basis of the ratre adopted by it; by the total of the currencies from any other suree, particularly currencies

Chinese Mission To U.S.

WASHINGTON, JAN. 26.

THE

NICAL

CHINESE TECH MISSION UNDER

(e)-The market thus defined will be a frie market in this sense that the rate of the currencies dealt in will be established freely by the law of supply and demand, only see to it on the

The monetary authorities will ont hand that all the currencles are offer- tively so delivered, and on thr ther that only purchases art elerled which correspond to pay- ments authorised by the Foreign customary conditi ns, namely, as Eschang Control Offee on th

far as imports

concerned, against the delivery of Heences.-- Reuter.

are

SOUTH POLE EXPEDITION

Canberra, Jan. 26. Members of the Austra- சிக Antarctic expedition will sail from Melboäme on Feb. 6 in the "Wyatt Earp" to resume their investiga- tions. External Affairs Minister Herbert V. Evatt announced.

The refilted ship will go to the little known Balleny Islands. A naval LST will take 15 scientists to Mac- Quarle Island for winter observations at the end of February Associated Press.

Princess Anne af Bourbon-Parma, photographed with her mother in Licar, Belgium, shortly before travelling in Switzerland where the was reunited with her fonte, ex-King Michart of Rumania. (AP Photo)

FEAR "GO

THAT FRANC

FRANC MAY THROUGH ROOF"

Washington, Jan. 25.

The views held in high British and American quar- ters on the subject of the franc devaluation were disclosed by authoritative sources here today, shortly after the issuing of the Fund's statement.

Dee of the main points was that which in deciding on the Marshall the United States was fully hacking Plan is carefully weighing the ability Britain in opposing the French prof France, Britain and others of the posals which, il was feared, might 16 nations in cooperate.

very well fail to have the desigzd Fear was expressed here that Bri effect in France and at the same rain might be forred to impose re- time might seriously aggravate politaliatory trade controls if she felt tical relations is the coming months. that the new French system is dis

turn criminating directly against her come Such aggravation would "in have a direct effect on the chances. of Mr. Bevin's "westerneuning" plan developing satisfactorily. Again, the deterioration in relations between Western European nations would have an adverse efect in Congress

Joint Anglo-French Communique Issued

Paris, Feb. 25.

The following joint communique was issued here tonight by the French and British Gov- ernments:

tierce,

Through The Roof?

In last week's international Mone tary Fund meetings. Britain led the areaek an the French proposals and gradually brought the majority the Board to her side.

Belgium

was one of the few, coun tries supporting France's case.

::f

One high official, who opposed the French proposals throughout last week. said: "Unless the French have some fuck, I would not the surprised to see the franc go through the roof." Mast lopes here are now pinned ob the continuing discussions between Britain and France and the pos- ibility that France herself may re

trace her steps if she finds the new

"M. Rine Mayer, the Minister "On the British side, objections, policies failing to have the desireil.

Finance, exchanged views in of the same character as those put effect-Reuter, Landon on Jan. 18 and 17 with forward by the Chancellor of the

the Fund,

Cooperation

International Monetary "The

have

Pravda Attack On Bevin

LONDON, JAN. 25.

the Chancellor of the Exchequer Exchequer have been presented to about the monetary project of the French G:vernment,

"These conversations were con THE LEADERSHIP OF PEI tinued in the course of the visit TSU YEE. HERE TO AD-which Sir Stafford Cripps made VISE ON A NEW AMERICAN to Paris on Jan. 23 and 24. Fund has today published a state. AID PROGRAMME FOR "Although the points of view of ment on this subject of which the tw Governments on CHINA. TODAY DUG DEEP the

the two governments

taken method to be adopted in this note. INTO

ECONOMIC matter did not coincide, the con- THE

"The United Kingdom Govern. ASPECTS OF THE PLAN, versations which took place in ment associated itself with the

The mission refuses to dis- Paris have made clear the frank statement by the International PRAVDA, MOSCOW COM- cuss publicly its objective here, and intunate character of the re-Monetary Fund. Whatever the MUNIST NEWSPAPER, SAID but has entered into conferences lations, existing between the two differences between the French and TODAY THAT BRITAIN'S with State Department invest countries.

British points of view in this NEWLY OUTLINED POLICY ment and economie experts ex-presented their proptsals to

"The French Government have matter, the two governments wish OF UNITING WESTERN

the to continue their close coopera peeted to assist materially in International Monetary Fund

EUROPE WAS A POLICY OF at tion in order to ensure that any determining the proposal which Washington. They have explain measure which may be considered "SPLITTING, EUROPE.” Secretary of State George Mar-ed that the solution chosen by necessary in these new circum- The Pravda artielc. brond- shall says he expects to pre- them is the only one copable of stances will have only a minimum cast by Moscow Radio, said sent to Congress within a week. meeting the exigencies of the pre- repercussion on the commercial the Western unity plan was

between the sterling hacked by The mission is here upon the sent economic situation. It does relations

the United States not constitute in its intent on and franc areas, request of the Chinese National the permanent monetary system of

"The two governments have the because "it would make it easier. Government, which anid was France but a step towards the same objects in view. In this to rule the semi-colonies ac prepared to send experts to the stabiilsation of the currency cn spirit of mutual comprehension, quired in Europe." United States to advise on the the basis of a simple exchange close cooperation between the new American assistance plan rate which is the object of the technical services of the two coun for China.

financial and economic policy of tries has been decided upon and the Government.

will begin at chee."-Reuter.

The nature of the programme which Congress in to be asked to undertake on behalf of China continues closely guarded secret. However, it is expected to put emphasis upon rehabilita- tion and economic needs.

High among the subjecta ex- pected to be considered is an effort to curb Chinese Inflation and stabilise the Chinese cur rency. Ansociated Press,

PORTUGUESE GUINEA BUDGET

Lisbon, Jan. 26.

The Colonial Department ap

proved a balanced budget for| Portugueso Guinea for 1948

THE WHISKERS CLUB

and it was announced that re- Whisk watched while Snow the venue from the colony had in- creased to about 9,0000,000) escudos under the direction of ita Governor, Commodore Sar- mento Rodrigues. United Press.

Crow, disguised as - Black Roger, accused Boger of being the one who was dia- guised ́and commanded Jommy, the guard to take him to the dungeon from which Toddies had jum been rescued.

Snow acted the part of Roger,

well that Jemmy was quilt convinced Jabbing his staff wider Roger's collar, Jemmy pushed and; prodded unti he succeeded in forcing hl master through the door way of the Old Tres.

Pravda, organ of the Russian Communist Party's Central Committee, noted that British Foreign Secretary Ernest Bevin, in laying down the plan in the House of Commons en Thursday, referred to the rc. sources of the Western nations' colonies.

"The Western bloc," the pa- per said, "is conceived by Bevin and his colleagues as a sort of trust of the colonial powers embracing the colonial peopler in its tentacles and sucking the Juices out of them"-Associat cd Press.

COAL FIND IN HUPEH

Nanking, Jan. 26. The Peace Daily reported tha coal deposits estimated nt r total reserve of a hundred mil lion tona were discovered ir Hupeh province. The Ministry of Economic Affairs in carry ing out intensive investigation. -United Press.

AME

The World's Preferred Cognac

HENNESSY

QUALITY

MOUQUET

CLEAN TASTR

NNESS

Sole Agents:-

L. RONDON & CO. (H.K.) LTD. French Bank Buliding

Tel: 30460

SUFFERING

APB 10

RELIEVED

If you are IN PAIN start taking Yeast-Vite at once! In a few minutes you will begin to feel better. As your pain dies away, that depressed feeling is replaced by Cheer- fulness. You go about your work with more enthusiasm, more confidence! This famous remedy acts QUICKLY and SAFELY, does more than just stop your pain because it also contains TONIC elements !

YEAST-VITE

Tonic Tablets.

BELL-MAN BRAND

YEAST!!!!

HEADACHES NEURALGIA NERVE PAINS

RHEUMATISM

INSOMNIA

ENDED

SAFELY AND QUICKLY

Try Yeast-Vite TO- DAY! Obtainable everywhere. Be cer- *tain you get the package illus- trated here.

暨紗新的

布细等上

ELEPHANT BRAND

APG 1

GREY SHEETING

36" x 40 Yds, 12 Ther

Manufactured by

SUNG SING NO. 1 COTTON MILL- &

· CHEE SING COTTON MILL

SHANGHAI

Bole Agent:-

DIAWARD TRADING COMPANY

6 QUEEN'S ROAD C.

TEL: 83457,

Enlighten Your. Night With "UNIONITE"

UNION METAL WORKS LTD.

17 Kayamally Bulldog Telo, 20806, 20898,