1949-04-05 — Page 8

THE CHINA MAIL, TUESDAY, APRIL 5, 1949,

TROOPS Red Domination Of Turkey Not To Press For

BURMESE GOVT

GOVT TROOPS RECAPTURE MANDALAY

Australian Praise For Alliance

New York, April 14. Dr. Herbert V. Evatt, Presi dent

United Nations of the Assembly.. arrived yesterday with praise for the North Af lantic Pact

The Australlon Minister of Ex- told newsji gres- ternal Affairs

men on his arrival from London

that the North Atlantic

Land April 3.

captured Mah- Burmese Government troops ancient capital of dolay, the temple city are Karon insurgents, the Burmese kings, froned today. The Karans All-India Radio anno,

is 500 milos North of entered the city, whi2. Rangoon, on Marc

eet fighting the insurgents After three days of ed the ancient capital and at-

completely occ tacked Sagai a town across the Irrawaddy

river.

to the

mmunique

A Government ed the Com- on March 18 desaren rebels as manists and trol of Manda- in complete days later the have ay, but reported to trenlyarens w

suburbs. the Unite withdra administration in!

ds of the Communists. ernment forces recaptured His aides saut he plans to appeal alla, 80 miles South of Man-

Coy, on March 23 and the next! Jur Outset strongly at the

mory launched a new offensive among the operations powers. The session will be thetho Mandalay sector.

Wis

Nailons charter.

In accord with

leaving for the Assembly the Resalon reconvening tomorrow.

Assen Ing Amarapura, nine miles

of the part Sound which convened 121 P'uris September 21.

1/2

organ

in

East

To the East and North of Mandalay, other Government troops were tonight closing in on the rallway town of Maymyn. about 40 miles from Mandalay on the line running up to the rallhead at Lashio, recaptured by Government forces on March

21.

Rice Port Normal

The situation is the rice port of Bassein in Southern Burma Recaptur- was normal and the loading of

South

paddy for export continued with on of Mandalay by March 25, they out Interruption, All-India Radin

were within four miles of Man-ank.

Burno Air Force dalay, with planes giving protective cover to the land forces.

convinces, than ever thust the UN is the imary achle- whies will held," Mr. ving pace for the

12 coming on the Fvalt suud North Atlante ce Alliance.

1:

the

Indonezina

There can be substitute for Australian and Indian didegations 12elf, annaninee the

important regional pacts like the North Alantic Pact are of at are to the UN but are an-****

eilly

of auch

subordinate to * They are made in accordance with

possibility it and the pact was fully dealt with aud decided upon at the San Fran- cisco conference."

Important Session

question. The

demanded last week that the As- my discuss that problem, eve though it still is before the Se curity Council. UN les vent the Assembly making any recommendations on before the Security Comen but the Australium, aut hatines Nood they could talk about it.

The left-over

Make what to do with

from

ik

-}J

Burma Is Likely

London, April 3.

The danger of Communist domination of Burma op. peared to be stronger today, with reports that Thakin Nu's hord-pressed government making offorts to parlay with the White Band people's volunteer organisation.

Was

The immediate aim of the White Band, an off-shoot of assassinated General U-Aung Sang's anti- Fascist People's Freedom League, is reported to be to win Cabinet seats at the expense of the Burmese Socialists, 14 of whom resigned last night. They want the government to open negotiations with them and with the more ex- treme Red Flag Party. Immediately

Burman, They would probably strike if the an attack achieved independence in Jan-rebel forces launched uary, 1948, the Red Flag Party on the city-Unlied Press. initiated the rebellion which today has developed Into 0 three-way struggle for power in Burma.

after

The two Communist groups have cashed in on the national- of the Karen nspirations st

supported their tribemen and

Right for complete autonomy.

Grip Of Civil War

af

Burma Judge Appointed

To Cabinet

Rangoon, April 4. President Sao Shwe Thaike Burma's yesterday appointed Military Commander and a Supreme Court Judge to the

Cabinet.

They wil fill two of the vacancies created by the resigna- tion on Saturday of slx Minis- tees. An official announcement Fail the Presklent did not con- sider it necessary to fill all the

Today's reports from Ran- goon showed that most Burma's 1,200 mila langth was In the pelp of civil war, with the White Band, originally re-

the official Com. cognised as munist Party, controlling most of the freawaddy River, In cluding vital olifield areas. The Karen forces also are vacancies. tive in the Irrawaddy area. The London Dally Telegraph says the

new appolates are Supe White Band Party has headquareme Court Judge Ex Maung and General Ne Wirt, They ters of Prome,

atkut 150 miles Lieut.

will be sworn in today at the North of the capital, Rangoon.

Their port- President's house, The party is reported to have folios will be announced at that 4,000 disciplined and well-armed time. tronps, strengthened by deserters from the Burma National Army,

"The

Mediterranean Alliance

Ankara, April 3.

The Turkish Foreign Minister, Nedjmeddin Sadak,

who left Istanbul today by air for the United Bomb

Nations General Assembly at Lake Success, made it clear that Turkey doos not intend to pross for the early conclusion of a Meditor- ranoan pact.

Test

'Survivor' Discharged

Washington, April 3.

Fig No. 311 of the Bikini atom bomb test has been dis- charged from Naval Iaboratorios as entirely normal and healthy -except that she can't have any

SCAP Official piglets.

To Attend UN Conference

The Navy said, however, that her sterility was not necessarily Or- caused by atomic radiation. dinarily, the Navy said, enough gamma rays to cause sterility also would kill the victim.

He indicated that Turkey had not changed her view of the need for a regional security pact in the Eastern Mediterranean, but would not in the immediate future engage in active conversa- tions with other likely partners in such a pact.

"So far, we cannot say for sure whether or not the United States favours a Mediterranean pact," he told reporters. This was generally interpreted here the United us meaning that States had advised Turkey that for a the opportune moment

Pig No. 311 who will take up realistic discussion of a Medi-

Washington. Aprli 3.

life in a zoo here is an unusual terranean pact must, in any The Interior Secretary, Mr. pig anyway. She is one of several ratificalion | Julius Krug, today announced score of pigs subjected for ex- case, awalt Senate

that n SCAP official would be perimental purposes to utomic of the Atlantic Pact.

the 110 outstanding violence in the Bun bomb tests among

in 1046, Mr. Sadok said that the Medi-United States scientists to re-

astonished Her survival terranean States would particl- port

atomic bomb experts. She was pale in an eventual pact accord-Scientific Conference on conser only a 50-pound piglet at that ing to the measure of their vation and utilisation of re- potentinilties and their status. sources, at Lake Success

to

the

August 17.

United Nations

un

time.

even

Scientists had locked her in the main deck washroom of the former Japanese light cruiser, Sakasvu. Her-Sukawa was near the centre of the bomb burst in the first test. She sink same hours later. The

This was interpreted as im

Mr. Krug sald William plying that eventual United States support for Mediterran.rlugton, ellet of SCAP Fisheries Division, would read a paper on can allianos is conditional upon Bloogical Statisties-Wild Life, the ability of the Mediterran.

Fish and Marine Resources" at help them.

the three-week conference of in- Press. ternational experts.

can countries acives.

to

The Minister made it clear that

The men are ali

experts in

Navy said, "It was assumed that there were no survivors."—United

Tukey was still cager for such minerals, water, intis, forestry, Arms Aid To

A serious rift between

the Karens was factions of ported from the Bassein district. All India Radio reported that New Kangoon Radio, heard

of recapture The vify, Te Hsurgent

claimed. were heavy, it was

A Supreme Court Judge, E. Maung tert Linutemant General Ne Win, commander of the

ha Barinese

forces. THE THIN been appointed Ministers of the Burmese Government. # was an

nured to Rungron today, The announcement sund the President | Italy's former of the Burmese Union, Sao Shwe ! colonies, Franco Spain, the Thake, considered it unnecessary

a pact, which she considered in-energy and fuels, food, wild life Dr. Evatt sald he regarded trentment d Indians in Southut present to All the six vnean-

dispensable for pence in Europe. and fish, the coming session on extreme. Africa, Secretary General Trygve eies in the Cabinet caused by the

Mr. Krug, who is chairman of ly Important. He said he would Lu's plans for a UN guard to ros

resignation yesterday of the re-

The announcement sald the

Referring to the Atlantic Pact, the Committee on U.S. Participa- push vigorously for full die.

Commissions and presentatives of the Soetalist "and and reportedly is strong enough appointments of the military Mr. Sadak sail Turkish political tion, pointed out that this was 13fters, and

the first ecting of Individuals of the "yelles Band" „People's Volun- in launch an attack on Rangoon, commander and Supreme Court circles found it diflcult to ex- Bulgarion Protestants and

of Geneva conference on freedom teer Organisailon.

Reliable reports suggest the Judge were necessary to restore plain the inclusion of Italy and working on practical resource

called Thuse members of the Cabinet White and Red partles are consoll- order in rubellion torn Burma. Mindszenty of of information.

the exclusion of Turkey. He re- problems to be their Hungary, who

The UN meraberstup i espect who sipped included the Pors

while dating convicted

The six Ministers who resigned positions

Jected the theory of armed neu-United Nations and said he was four Socialists and two Yellow of crimen against their states ed to be mereased In *} So eign Minister, Kyaw Mycin. The awaiting the reinforcements ex

trality for Turkey, recently auguro it will strengthen President after the opening session, perhaps two

appointments new and sent to prison

programme for were pected to result from the grow-Band People's Volunteer Orga-gested in some Israel's decessary

members--did not in- Ins has late in the week, when

restore The Bollvinn

ing clamour throughout Burma nisation

Inounce their reasons for resign. papers, and said that the present exchange of world knowindge for demaniled

conditions did not seem to make the benefit of all the people. Assembly application comes up for a dud onder in Burion at an early date for an all-Left popular front, (20

their con- Ing. and The Government has 10 baltal-tinued support of the government

They declared

The conference was take up the Mindszenty case, Dr. vole, Israel has passed the Se- and to the holding of free

it possible for Turkey to remain

proposed by Mr. Truman Jons to defend

in 1940 in the Rangoon, these of Premier Thakin Nu. curity Counest hurdle and Israeli fair elections at the earliest pos- Evatt's delegation asked it

neutral in any general confict.

hope that it would bring together deal with the case of the Protea- spolesmen bullove they have sible date. it was stated.

sources said, but there are certain Yesterday's official announce-

nil new techniques of resources to win the two-

No announcement was male on political groups enough votes

Mr. Sadak may capital ment promised fair, free, nation-

visit London Lints,

conservation and use, particular Arrther

which has thirds vole needed! in the As- the posts these new Ministers will waiting for opportunity to wide elections as soon as posible. before returning home from Lakely for the benefit of under,

Associated Press.

stab the Government in the back.Associated Press. been put up to the delegates is seristy

developed areas."-United Press.

cussion

Josef

at the

Cardinal

that

саве

werf

of the

delegation

Issue

Jaur

1234

to

All-Reuter.

and

In the

an

Success.Reuter.

Turkish news.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Balance Sheet, 31st December, 1948

Truman's

by the

the

Korea Urged

New York, April 3. The New York Times today editorially urged American arms for Korea as part of the United States clearly desired obligation.

The editorial says: "The situa- tion in Korea is precisely short of the thing that should be met by armed police forces of the United Nations."

It says, however, that because of Soviet obstruction such force does. not exist.

The editorial concludes: "Wo have to measure out our limited resources among many respons bilities and no one can say how what we can spare for Korea. But the obligation is there."-United Press.

1947. (Adjusted)

Capital

£

£

Current Assets

1947 (Adjusted)

£

Stock authorised and sued

3,000,000

3.000.000

£

There is under the Charter a reserve liability of the Stockholders

equal to the amount of Stock Issued).

Cash in Hand and at Bankers

19.465.636 23,110,595

Reserve Fund

3,000,000

2,000,000

101

Profit and Loss Account

406.437

403,326

Government and other Securities at Market Value-

Quoted on London Stock Exchange Quoted on Overseas Stock Exchanges

6,406,437

Corrent and other Accounts, including Reserves for Contingencies,

Taxation un profits to date, and Exchange Adjustments Fixed Deposits

108,278,996

4.02.326

100,072,183

Notes in Circulation

12.131,913 3.522,196

Dominion Government and other Securities at Local quotations

Hongkong Government Certiflentes of Indebtedness for surrendered

coin lodged against Note Issue

41,007,990 9,091,908 2.576.723

$3.576.627 $1,004,779

-

-

+

1.700,000

10.0NG,344

3,503.705

Rilis Payable

1.208,757

1,875.0.73

Loans Payabir

2.411.250

1,343,500

British Government Securities at Market Value-(Quoted on Londen

Stock Exchange) lodged against Note Issue

1.789.375

Deposits by Nominee Subsidiaries

Proposed Final Dividend, Jess mcome tax

381 [19,000

381

Acceptances, including Undertakings to Accept on Account of Customers

4,362,311

115,500 2,890,307

Bills of Exchange, including Foreign Treasury Bills Advances to Customers and Other Accounts ... Balance of Remlitances, Drafts, etc.. in Transit

Office, Branches and Agencies.

3,489,375 3,840.334 50,500,069

3,420,497 4,754,675. 37,002,319

For all-day freshness use

MUM Deodorant

between Hend

MUM

132,014,701

119,886,173

NOTES:

(D) There are continuent Habilities on Bila rediscounted 13.838.372 (of which €2.228,043 has run off at 7th March, 1949) and commitments in respect of Con- firmed Credils, Gunranices and Forward Exchange Contracts. (2) Contracts for outstanding capital expenditure cor premises amount to appro-

ximately £54.478

(3)

(4)

Currency assets and liabilities have been converted at the following rates!- Rupee 1s. 6d., Straits Dollar 2... Guilder 2s. Od., Tical Gd., Indo-China Piastre 4d., Hongkong Dollar Is. 3d., Gold Yuan 400 to £., Philippine Peso 2s. 6d. Yen 100 to E., and United States Dollar 5s. Od,

Returns have not been received from the Kobe Branch relating to the period prior to re-opening after onemy occupation and the figures included in this Balance Sheet in respect of Assels and Liabilities relating to the period prior to re- opening, have been taken from the Return dated 15th November, 1041.

(5) Under Part II of the Eighth Schedule to the Companies Act, 1948, the Bank is exempted from showing the aggregate amount of its reserves and the movements therein.

(6)

The date of the accounts of the Allahabad Bank Ltd., as shown, is 31st March, 1948. Although that Bank is technically our subsidiary it has not been con. sidered advisable at this stage to ask the Directors of that Institution to alter the date of its financial year to coincldo with that of this Bank.

II. F. MORFORD D. STEWART

Managers,

A. C. GORDON

E. G. F. KIRK

Accountants,

Liability of Customers for Acceptances, including undertakings to

accept, per contra

--1.352.311

Fixed Assets-

Subsidiaries-Shareholdings ut cost-

Allahabad Bank Ltd.-37,048 Ordinary Shares of Rs. 100 each of which 14.065 are fully paid and 22,083 are paid up to the extent of Rs. 50 per share at cost Nominee Companies

...

The assets of the Nominee Companies amount

amount to £381, repre- sented by Deposits with the Bank, per contra.

747.705 381

Barik Premises and Furniture, at cost, less amounts written off

748,080 1,620,300

728.403

942,504

2,890,307

136,052,755 124,115,878

..after the bath

747,705

381

£138,421,141 £126,288,799

V. A. GRANTHAM, Chairman. C. R. CHERRY

J. H. S. RICHARDSON.

Directors.

REPORT OF THE AUDITORS TO THE STOCKHOLDERS.

748,080 1,424,935

2,368,386 2.172.021

£138,421,141 £126,288,790

easily applied

We have obtained all the information and explanations which to the best of our knowledge and bellef were necessary for the purposes of our audi: apart from the returns referred to in Note (4) on the balance sheet. In existing circumstances it has not been possible to reconelle all outstanding transactions between branches previously occupied by the enemy and the Head Office and other branches. In our opinion proper books of account have been kept by the bank so far as appears from cur examination of those books and, with the above-mentioned exception, proper returns adequate for the purposes of our audit have been received from the branches, which have not been visited by us. We have examined the above balance sheet and annexed proft and loss account which are in agreement with the books of account and returns as aforesaid. In our opinion and to the best of our Information and according to the explanations given to us tho said accounts give the information required by the Companies Act, 1948, in the manner so required for banking companies, and, on the basis Indicated in Note (5) on the balance sheet, such balance sheet gives a true and fair view of the state of the bank's affairs as at 31st December, 1948, and the proft and loss account gives a true and fair view of the profit for the year ended on that date. We have also examined the annexed accounts of the subsidiary, Allahabad Bank Limited, which have not been nudited by us. Subject thereto in our opinion such accounts have been properly prepared in accordance with the provisions of the Componies Act, 1948, so as, in conjunction with the accounts of the bank as audited by us (which include particulars regarding Nomineo Companies), to give on the basis mentioned above a true and fair view of the state of affairs and of the profit of the bank and its subsidiaries so far as concerns stockholders of the Chartered Bank of India, Australia & China, and so far as is practicable having regard to the fact that the accounts of one subsidiary are made up to a different date and cover a different period of a year from those of The Chartered Bank of India, Australia & China,

LONDON, 9th March, 1949.

W. A. BROWNE & CO.

Auditors,

DELOITTE, PLENDER, GRIFFITHS & CO.

Chartered Accountants,

Profit & Loss Account for the year ended 31st December, 1948

1947.

-1947.

Allocations-

Amount written off Bank Premises

150,000

Officers' Pension Fund ........

100,000

Widow's and Orphana Fund

15,000

265,000

£ 125,000 100,000 10,000

235,000

Balance Brought Forward from 31st December, 1947

402,326 337,268

Profit, after providing for Taxation and after making allocations to Contingency Accounts, out of which Accounts full provision has been made for doubtful debts

Notes:-

467,111

448,058

6% proposed

Dividends Paid and Proposed, less income tax-

Interim 6% paid 1st October, 1948 Final

00,000

82,500

***

99,000

115,500

(1) The aggregate emoluments received by the Directors for their services

amounted to £16896.

**

(2). Auditor feos for the year are £2,000.

189,000

-12%

198,000

20GAST

402,320

(3) The nominee subsidiaries do not trade and their accounts show neither

profit nur loss,

£369,437

£835,320

2668,427

2835,320

Balance Proposed to be Carried - Forward

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