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DEATH
YOUNG SAYE Senior at his re- sidence at No. 22 Essex Cros- on the cent Kowloon Tong
19. July, 149 Aged
will take The interment
Per- place in the Chinese manent Cemetery. The Co- tege will leave the house at 10.00 am on the 20th July 1949.
STERLING DEVALUATION
Interested parties on the Western shores of the Atlan- continue to inspire tic
that the pound rumours sterling should be devalued. Such a move would be much to their advantage-but not the harassed people in Britain, or the many coun- tries in the same bloc. We in Hong Kong have a direct concern in the matter, for our currency is tied to sterl- ing.
Lo
THE CHINA MAIL, FRIDAY, JULY 29, 1949.
MULTI-MILLION POUNDS STAKE RACE IS ON
The greatest race against time in world history-for stakes worth £1,000,000,000 --has begun.
By A Special Correspondent
holes in the profits made by the Middle East oil companies.
Many Millions
The "On"
signai
was given Colonel
Zaim Husni ol by dictator of Syria, when he ratified the agreement with the Arabian- American Oil Company for their
So both predominantly-British 1,070-mile pipeline from Dahran
and predominantly-American all on the Persian Gulf
to interests have lald their plans to milen through 200
of Syrian territory on its way to the Med-by-pang Suez, iterranean at Sidon.
In all, the
Americans "claim
British Silence
morg
the
the war!
Morning
"Rationing
disappears
in
Seems to happen everywhere. Look what happened to our rice.
But the rainories, which can producs 4,000,000 tons of refined petroleum produce a year, main- tained by a mixed British and "Russia as Model."
can resume full
As long as she isn't too bear, to speed-up output with a new Jewith staff,
negotia- it will no doubt be an edifying 800 miles pipeline to new refiner-operation immediately
display. les In the Tripoli aros.
tions now proceeding sucecod. lald With pipelines already and refineries established at two More reticent (and perhaps with mature, points
the on
Mediterranean
politically count, the British Interests might more regard for the current, self- Italy." be thought to have a start on the consciously nationalistic mood of Arab world) British oil Americans.
chiefs are maintaining a security silence reminiscent of years about their future opera- The interlocking Anglo-Ameri- that, with their development of
tions in the Middle East. can oll groups in the Middle East new flelds on Bahrein Island in
This may be so. But the Tripoli apend
But an idea of Britain's Middle have 19 years in which to lay the Persian Gulf, they will nearly 3,000 miles of new pipe-$100,000,000 in the xt Ave installation is but amnil fry com- East all investment can to gain. with what to come, ed from the fact that the 1948 line linking the oilfields of Iraq, years. By the end of 1953, they pared Persla and Saud! Arabla with|say, their Middle East oil invest and the Consolidated Refinorios profts of one company alone age of 11 children? OK-OK: 30~~ new refineries and docks on the ment will be worth £400,000,000. Limited plant at. Haifa has not the Anglo-Iranian-totalled
pany, been
in operation since Arab-million sterling,, compared with The Iraq Petroleum Company, Lebanese count
Arabian-American's "TAT lino" operature of two established 600 Jewish fighting began this time 18 and a half million in 1947,
year. The pipeline from The Brill Treasury holda 11 ---named, after the construction miles, 12inch pipelines between last
These tigars which Mr. Chur- Kirkuk fields of Iraq and Kirkuk, controlled by the
Frag and a quarter million sterling of
burning Pipo- the
became a stock, chill forgot Trans-Arabinu company.
Ordinary is cut In the Jordan | Anglo-Iranian line-l only one of three vantrelineries at the Lebanese Tripoli Army,
is estimated to have a total question with the hole! people. which is value of nearly 84 million. pipeline projects designed, to suck and Jarneli-controlled Haifo, plan | Valley. the still virtually untapped ail
The joint Auglo-American Mid- wealth of the Middle East Into
dle East oil investment-roughly tankers waiting in the Mediter-
60 per cent British and Amer00,000 cent
raneon.
Huani cl Zaim's ratification opens the way for the other two, predominantly British.
But why the time limit of 19 years? Because In 19 years' time concession ter- the Suez Canal" minates; and with it will die Joint British and French control of the 101-mile waterway linking Red the Mediterranean and the Sen.
rancan.
Hot
now
Home Troubles
In America
By JOHN DRUMMOND
downward spiral
may
at pund
be
24
40 per
worth Steri-
ing when all new fields are deve- loped, now pipelines constructed and new refineries working.
Will the 10 years' period be sufficient for the development of Anglo-American plans?
As far as construction is con- cerned, definitely
10.
The main obstacles spring from, the wave nationalism sweeping
of
the Arab world.
The Arabs have not forgotten
With an eye on the possibility of it happening here too, I've been wondering, when they lock up editors in their offices, what
appens to their wives and aver.. they get peace and quiet for a change: you don't have to write in about it.
cimax!
O'er-laxed with writing reams
of dreams
Strategical and tactical, We cannot blame too much the
touch Which gives the word "climac-
trenit”
Alas, it will clude your view In any standard dictionary, American or English too...
call it "Action- So you can
ary,"
Take our hats off to the Aus-
her Chinese husband.
Mrs. Mleawber had a word for tralian girl who is sticking by
upon it.
as well as
of every
-
o' the
Broes
Mr. Stewart didn't like waste, but she was on occasion obliged,
to remonstrate with one of her daughters in the sweetle shop, who used to halve a peppermint to make tho scales balanco. 1
uncut wheat The ghostly influence of the country have
Franklin D. Kansas and Nebraska rusting and late President Roosevelt and his New Deal rotting. Suez Problem
The total crop may be one- resurrected may be needed to
Crop and political) which the United Egypt, through whose territory chase away the spectre of de-third less than the Department the assistance (financial, material
failures
well-fed States has accorded Israel, and fewer mean
bitternes their
devolver the canal was cut in 1889, may pression now hovering over the of Agriculture's forecast.
alwrtest, United States.
cattle to slaughter.
British
pil interesta then well control the
the route between
Whito in the most direct
The RUCCESNOT
Trade unionā
and employers Americon, Persian Gulf and the
The overall projected pipeline Meditor-
House, President Harry S. Tru-
construction necessitates passage front, In car with
nationalism, man, and his economic advisers, are beginning wage talks ever a
and manufacturing, coal steel, through the territory
chemicals, farm Arab state, except that of Egypt. shipbuilding, enviously hostile to the Western are watching the current reces-broad industrial
Egypt would have it in sign here closely.
to bar the Anglo- 11 the her power
of equipment and a host of lesser
Arab Whip-Hand American oll
companies from production and the rising unem and local enterprises, wide-spread follow unless the direct access to their European ployment Agures accelerate or strikes
satisfac- Nearly two years of patient markets.
even continue until the autumn, labour lenders receive
preceded negotiation Bucz they will step in with a modernis- tion.
Mar- milesed New Deal-a domestic
Some are blandly ignoring the miles shall Plan with public relief recession. Others are arguing that
programmes, tax cuts, Increased The very least the sil compan- defence spending, direct stimula-higher wago scales would mean It is true that devaluation
expect of possible future tion of capital expansion through Increased purchasing power. would, at the beginning Egyptian control of Suez Is a Government loansnational
Britain Will Be least, provide རྨ great sharp increase In the present
Affected stimulus towards an expan- tolls-eight shillings a tott for pump priming to the extent of sion of international trade. laden ships and half price" for
ships in ballast. The only way to overcome
The Egyptians might produco the dollar shortage seems to
bills which would make be for Europe to increase her exports to America. an expansion cannot
Such take
The
alternative to the Cape
of Good Hope-7,000 longer.
tolis
place while the present high Air
ence
recovery
•
export.
The American market is very elastic, and so far the exports from the sterling area amount to a fraction of
more
Mosaics Britain destroy the country.
are now con.
today
nonstar to
No matter what the general
outcome is,
WAS
competition
the income
£40
in
two years.
of wants.
Waiting For Price Cuts
in the
low
be
Rusn! el A Nipple Poem
Fujiyama) Zalm's ratification of the "TAP (Inspired by gentle smoke from ling" agreement.
Ignoring the obvious economic Weep, woeful warriors advantages that will accrue to Secing Sungod's spawn them through the full development Exalted Excellent Emperor
the Wast
Wast of the Middle East Hirohito himself humbled
ollifolds, the Arab governments Bowing before barbarians may choose at any time to show Docilety, dutifully, democratical- their displeasure at America's Middle East policy by interference
Wait, wiling warriors! and obstruction.
SPAIN'S TOURIST TRADE
nces....
pling.
snickers-
triumphantly tram-
"But dear," he protested, Hif we buy a now car, how will wo pay for It?"
"let'a "Well," she responded, not confuse the issue by consider- Ing two problems at one time."
•
No, Myrtle, it's not spelt TIE- PAN usually.
why, do the papers
This small plitance some call
a pension?
Pald at the age of 45... All I can manage is keep alive, Somewhere perhaps as country squirt the liquor that I de-
many billions of dollars.
Make-Work Plan
The Arabs know they have the Secretly sharpening Britain looks like Not Necessary suffering directly or indirectly. If whip-hand.
change in Tomorrow, sweeping the United States plunges into
Only a Yet infuriated experts
spending spree towards the end American polley can guarantee are shouting themselves hoarse of the year, the ERP programme that the hand will not be raised Foolish foreigners faces that this make-work machinery will be thrust into the finaner against the oil companies nooner Samural sail seawards....
the recession or later. There are Indications Appropriating all Asia! is unnecessary and will turn into background.
Frankenstein's rate of exchange is in exist-
levels off before crashing to de-that the change is already being the In
then and, therefore,
British made. depths, pression it may temptation to' alter
Britain's Ordnance Survey They blame two things mainly dollar-earning exports will meet become greater as European once is now producing a series for the continuing recession which tough
continues and 1
of six-inch air mosaics which can so easily become a depression, priced domestic market.
Thers in only one faint hope of large surplus is available for eve to supplement and bring First, the bargain-hunting of the American who refuses
all settlement satisfactory ย up to date the Ordnance Sur-average
how to buy the goods he needs vey maps of British.
tho American people for 1948 and has the money to pay for-round. The disposable income of Ordnance Survey maps of the because of hopes that prices will 248,150,000,000. The first United Kingdom
Secondly the greed of certain quarter of this year shows that
for 1949 will
Re-Tired siderably out of date, and it will fall still further. bo many years before they can trade unlon bosses, who are short- ione per cent of the total U.S. be fully revised so that all the sightedly demanding a fourth0.000.c00. Americans must
Tourists are flocking to Spain
Why, ch
mention Wall Street calls the "psy- this year and during Easter consumption. It would thus changes which have taken place round of wage increases within shake off what a friend of mine
in towns and countryside in re- be comparatively easy to
chosis of indefinite postponement week, reports Cedric Salter, no double and treble the export cent years can be shown.
of the cus-less than 20,000 tourists visited Air mosales are made by as-
"The expoctations trade if
favourablesembling a number of air photo-
tomer must be geared to prevail the country.
While the great majority of the terms were offered as graphs or parts of air photographs
ing and prospective costs of protourists, particularly the Ameri They
visited duction and to accepted Amert-
Sevilla for the would be possible if sterling to form a single picture,
have certain advaniages over were devalued.
"Its the contrariness of human can social standarda," he adds.
"Americans must show madera-Easter Pageant and the Easter Monday bull-fights. the British There is, however, another eps, for they show features in
their natural appearance and nature. Or public psychology, if
you like,"
the tion and not demand extreme bar-tourists chose the Mediterranean commented factor to be considered-that proportion.
sweated
coast, with its palmlined pro Thus in mining districts. for Washington official who supplied gains predicated upon
with such a change would result
unom-labour and a decline in the gen-
its the increasing
menades.
Bondy bathing and beaches
Ils five-course in a considerable increase in example, it is possible from airme
mosaics to distinguish the exact ployment figures. He admitted he eral level of well-being."
Otherwise poker-playing Pre-
dinners. the prices of all British im-
torms of tip-heaps and the direc-was driving to work every day
White Buick, yet sident Truman in
Near Valencia, scores of British from ports
the Western tion in which they are extending in a pre-war model
could afford a new Chevrolet, but House may have difficulty
rotourists visited a dried-up river his cards in and to ascertain whether they are was waiting to see if there were shuffling
the Hemisphere, and might, in
discused, old or comparatively turn, lead to a rise in wages | diset
алу further
cranges had just been dumped, price cuts.
New Deal. And the late Prested into which 15 tons of rice As the buyers versus sellora dent Roosevelt-who had to con- Remembering the strict rationing and higher prices of all
As supplements to maps, air
battle continues, the swelling tend with conditions of extreme of concentrated orange juice at manufactured goods, thereby mosales are being found Vranks of the unemployed can be poverty instead of potential pro- home, tew were satisfied with the that the cranges useful by those who are profes-counted as the economic casual-sperity-might turn in his Hydo explanation
and sionally concerned with town
Manufacturers who ties.
Cannot Park grave by the banks of the would have been washed out to sea almost immediately had not the rains failed, workmen as the goods pile up
Public Affairs Institute, a Organisation, The service has not yet been predicts 8,000,000 Americans will be argued that the prices of extended to the whole country,
12 months' out of work in be
reach imported commodities would but important areas in some 20
have fall, in the event of devalua- countles have already beciz com- 8,000,000 before the end of 1949.
heaviest lay-offs tion, to meet the buyer's | pletely covered.
among workers in clothing, carpet and rug factorien, in potential demands, and in
photographic and optical goods ferrous metal industries.
recent.
offsetting the benefit obtain- ed from any devaluation.
These considerations, which have been very important in the past, have perhaps less which has been photographed, in stock and gather dust.
country planning. Any member of the public in Britain can ab- sell their products are laying off Hudson."
tala an air mosaic of any area | |
weight now that the seller's from the agents of the Ordnance market is over. For it can Survey Office.
such an event Great Britain
+
rent research
the
Witchcraft
time. Unemployment may In Mexico
The
Steel Can Halt Depression
to
Witchcraft has returned
enter- Mexico. It all began when one of Mexico City's more prising cinemas began seeking publicity for a forthcoming fim by publishing fake "advertise- ment" stories of witches seen In the City.
BUTTER
With
sire.
Yet maybe there is hope that I May live to 80 before I die, And every month I shall draw
my pay
From those whom I slaved for
far away. Sweating
it out in the Grill and the Gripps
Never a groan escaped my lips,
An there in that land
of little joy
I served my stint for the Hol
Pollol..
All that I have their taxes give. Why should they grumble.. a . man must livel
BY SEA BY AIR-
SWIRE
SHIPPING
Agents
CHINA NAVIGATION CO., LTD. BLUE FÜNNEL LINE AUSTRALIAN ORIENTAL LINE LTD.
and the countries of the ed, and 'America not too in-plants, in fron and steel and non- sterling area would reap all sistent, It seems that Britain the benefit of the devalua- might avoid such a move for of the the time being, but yester- tion, without any losses which would have re-day's announcement of the sulted in increased prices of tremendously increased dol-
Steel is the key that can lock
For days the stories were se | imports."
lar requirements of the UK.
Uncle Sam's front door against cepted as intended-merely a Such possibilities, how during the forthcoming year depression. But even production in publicity stunts.
Recently however, a week be-
dus ever, are still of an academic-more than a third of what the nation's index industry
to pe nature, because there are is available for Europe-dropping rapidly. By midsummer fore the film was
a hastening of operations are likely to fall to shown, one of the more ignorant other factors involved which may imply
per cont of capacity. 70
newspaper readers fell into the would deter the British gov. the rot.
Again the expectation by cus trap of believing what he read.
plummet So sincerely, in fact did he be General ernment from taking such a The only solution at the tomers that prices step.
moment seems to be the sug-still further is roundly blamed. llave that witches were plagulog The Labour Party has not gested long-term policy of When the National Association of the streets of Mexico what when Agents
Purchasing Agenta met in Chi- his wife diappeared one night he was certain she had turned into yet forgotten the experience American capital investment cago poll showed that 23 men of 1931, when the devaluaIn Europe. This would not out of 25 expected steel prices to one herself.
down within the next 90
AIRWAYS
CATHAY PACIFIC AIRWAYS »LTD,AMAN
LTD. AUSTRALIAN NATIONAL AIRWAYS
SKYWAYS (FAR EAST) LTD.
tion of sterling resulted in only speed up reconstruction, spects are little brighter in visfiing a sick relative, fell on Booking BRITISH ÖVERSEAS AIRWAYS CORPORATION;
all-round chaos and depres- but prepare the market as The Socialists are a permanent outlet for sur
sion.
other.
Industries which
play
bound to resist any econo-plus US goods. When this smaller but Important parts in mic policy which might soon project is put under way, the the over-all US economie Jigsaw lead to a general rise in the whole problem of currencies puzzle of cost of living and lower is likely to be reviewed, and Wheat Crop Is Down ing of the present value of the future of sterling decid- wages, causing discontented. Until then, devaluation
be un among their rank and file can be ex
If Marshall Ald is continus 2116 1979
When she returned next day, her explanation that she had book disbelieving pars. Without en- Agents, quiring further her witch-struck tempted, to kill her. Aucording husband grasped a knife and at-
to the police the fact that ho
falled to do so was only because
the knit was 300 blunt,
CHINA NATIONAL AVIATION-CORPORATION HONG KONG AIRWAYS,
NORTH WEST AIRLINES ORDER 'PAN: AMERICAN WORLD AIRWAYS
· PHILIPPINE AIRLINES
Juan, however, thas a dinerens 1 Connaught Road, C. FE
Branch Office: 50 Connaught Road, Weston - tikai Drought, rain and cool wasther explanation. His. wife survived, ed's wrongly by the he maintains, for the very reasona
"different areas of the j+khat, she was a witch,mkd
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