1949-08-29 — Page 6

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THE CHINA MAIL, MONDAY, AUGUST 29, 1940.

AMERICAN CAPITAL IN JAPAN

By RICHARD HUGHES

Company in reßun for managerial' advice, new technique And machinery, and guaranteed im- ports of bauxite at about nine dol-

ing

views

American Investment in Jap- anese industry is swiftly dove- loping under the organised blandishments of the Prime Minister, Mr. Yoshide, and his for access to modern American, ment is a reasonable price to pay lars a ton instead of the present technique and for improved and The East Aslatle Fuel Company price of 16 dollars for fluctuating Conservative Government,

assured supplles of raw materials. will transfer stock representing 51 | supplies.

As a result of this merger, the Already, Important rubber, elec- "Following the generous can- per cent of its 37.5 million yen

"The averago Siamess trical power, heavy Industry, cellation of reparations," predict- capital to Standard Vacuum at 65 Japan Light Metal Company hopes chemical, mining and petroleumed the Bank of Japan in recent yen per share (nominal value, 50 to cut its production costs from the whole thing as a quarrel in interests in the United States are special report, "Improved con- yen). In compensation for the 20 cents to less than 17 cents per high places, and not a movement and to break into the of the masses. The present gov- negotiating provide new capi-ditions for accepting foreign capi- loss of controlling rights, the East ounce, tal for leading Japanese industrini tal will now encourage the revival Asiatic Company considers that American market.

in a ernment came to power concerns. In some cases, they are of pre-war investments, contracts it will derive much greater advan- In the rubber Industry, Dunlop coupe."

will again be in No movement of the, maaLDE simultaneously seeking a control for leasing patents and direct in- tages from improved management and Goodrich ling Influence. American Interests vestments."

and assured procurement of crude competition in Japan. The Cen- there.

́tral· Rubber

(Chuo Company are far ahead of other Western in- The pattern for American-Jap- oil.

Gomu) has already. returned HK$18.00

vestors in current discussions.) anese ›Industrial partnership can HK$30.00 Present Indications are that they be seen in the first agreements be-

management to the Dunlop Tyre Company, and has now become will obtain HK$72.00

a commanding and tween the Japan Petroleum Com- netive control of key Japanese In-¦ pany and the Caltex Oil Company,

the Japan Dunlop Tyre Company. Meanwhile the International and also between the East Asiatic Another reviving Japanese in- Japanese Industrialists make no Fuel Company (Toa Nenryo) and dustry, the Japan Light Metal Goodrich Company is negotiating secret of the fact that even tech- the Standard Vacuum Oil Com-Company, expects to transfer half for the resumption of a 30 per cent inlcai loss of proprietorial manage- pany.

its stock to the 'Reynolds 'Metal control of the Yokohama Rubber Company: In return for modern methods, modern plant and a sales agreement.

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STERLING AREA POLICY AND TRADE

Metals And Rubber

Men, Women And Memories

n

I see that a lot of Argentine de- puties disagreed with the terms of the trade pact with Britain. Ap parently they felt that if they'd held out a little longer, they's have got the Queen Elizabeth, free sup- piles of Scotch whisky for life, and controlling interest in the Bank of England.

Growing Power of America.

(From a college magazine.) "Eclipse of the moon,

10.28

Originally the Yokohama Rub- ber Company was capitalised on a 30-50 basis by the; Furukawa

The holy has two hufbrothers Company and-Goodríetr but as the Had fie so chosen, Sir Valen- was there, 20 years ago, the chief It is extraordinary to think that result of increases of capital on aged 59 and 67, and several odder tine Holmes, who has just Anny Instructor was Colonel Dill; he became a Fellow in the year of four occasions during the war great-grandnephews, all

ofleer the could the outstanding service

Russo-Turkish war, while Goodrich's holding was reduced to than he is." There is a tendency in the retired from practice,

seven per cent. Current conflict present

between obviously have had judicial aking the course was, he recalls, Dizzy was still Prime Minister only

Wing Commander Tedder. Sir the year before the Congress of negotiations for a bold, new, re- bilateral and multilateral office 10 years ago.

to remem-Berlin, He was a Fellow of Bra-vived and (presumably) demo- Frederick that cause All the judges liked to have ber those days when trade policies to over-simpll-him appearing before them be- General Sir John Dill in Wash- Pater, but they can hardly have crease in capital from the present he met renose at the same time as Walter cratic alliance provide for an in- fy the issues and present cause of his wide knowledge of

been congenial spirits. I wonde: 25 million yen to 200 milion yen the thoroughness with them in terms of absolutes. the law,

if his memories of Pater's con- which he prepared his cases, and

verzation were as unfavourable But multilateralism, like

the absoute integrity with which political liberty, is largely a matter of degree. There is | undoubtedly more of it in the Western Hemisphere than there is is on the Continent of Europe. And the essential problem at the moment is not how to find a short cut to a

under

Face

uway.

was

By ATTICUS

From The "Laboratory

student for in

as those of Sir Charles Oman, tedious manologue on pesthetics.

The Electrical Industry

International Standard Electric,

Active Ex-President General Electric and Western

p.m. (arranged by the Astronomy Department,)"

We lounge in the corner with

glasses between us,

The battle is emptying fast; He tells me the tales of his

lovers like Venus,

Faudy

The

past.

adventures

jang

Take a dash of the Sea Hawk,

Beau Geste's big adventure. Pimpernel in all The

glory

his

As he drinks he tells this

us happening to him;

But I think it' a cork und pull

story!

•

4

"One

•

470

arrives

"Flight 24 Eastbound at 1130 Westbound,"

Anything for a laugh, ch?

"

he presented them. Coupled withington in 1941, for the second who found it an intolerably als legal knowledge was deep year exercise sei für students at humanity, which he never lost; The IDC when they were both sight of when advising about there was a plan for war against

itigation.

Japan. And, looking back on the In view of his immense prestige lessons of two

More attention has been paid Electric are discussing similar in- decades carller, later, it is strange to reflect on BiB observed: "There wasn't to the content of ex-President vestment and partnership with the Japan Electric Company-the the bitter struggle which Valeri- much wrong with our planning Hoover's speech at Stanford Uni line Holmes had for the first 15 after all,"

versity than to his statement that Tokyo-Shibaura Electric Company it was the Inst public speech he and the Mitsubishi Electrical years he was at the Bar. On the

Machinery Company respectively. would ever make. was handicapped of it, he

Standard Electric wants a 50 per "pure" multilateral system the outset, for he was the

His friends and associates can- not believe that this means Mr. cent capital holding in the Japan covering the whole of world exact opposite of the popular Hea

Electric Company and patent fees After be finished the IDC Hoover's retirement from pubile of from four to five per cent, and on the of the fashionable KC, Through- trade, but to decide

out his whole career he had to course Sir Frederick Shedden be- lite, even though the Stanford methods which will ensure fight against a nervousness in came a research

meeting was to celebrate his 75th the Japan Electric Company wants that the rest of the world, court, It hampered bim enor-year at London University. His birthday. There have been few inter-change of material at cost patents, the outside the dollar area, will mously in his early days, and he subjects were Political Science ex-Pesidents so active. Mr. Hoover price, Joint use of

adanitted lo me that he never

and Public Finance, and his res-covered 75,000 miles in his post right to send research workers to

can generally tell the pective during the next few years fully overcame it.

mentors were Professor svar survey of the world's food the United States, and American ood investment in production mater- Valentine Holines Harold Lask! and Dr. Hugh Dal- problem and worked his younger Inis.

state of ona's "bank balance by the move in the right direction.

Frequently

behind the clock standstill some, 13 But is the rest of the world, worked 18 hours a day, and many ton. Four years inter be spent a associates to

This particular merger would demeanour of War Cabinet office indeed, to collapse before taking have profound repercussions on the counter," says a writer.

Even in particular Britain, times I have found him in his year in the

on under Lord Hankey's negis, "We up the chairmanship of a

noro algnificant and

Con- the Japanese radio, telephone and Temple Chambers In the

ntlook on Australia as a Defence gress commission on the execu- teletype market, and, it is already traces of red ink on his fingers, which influences in one way August Bank Holidays and

ilve branch of Government, ery Laboratory," Hankey told him.

estimated, it would reduce by 00 much of its weekends when probably every SO or another

Sir Frederick has been buck

of He spent the whole of last year per cent the existing scale of the Bar member other

Lienes since. trading arrangements, trying

Succeeding on this task, during which a col- equipment required for the pro- But prodigious worker many

from the league said of him. "hard work duction of radio valves. to move in the right he was, he was alwayr Australian premiers,

and Menzies to givs other men ulcers; it just in- The Sun Enamel Company (San to those wishing to Liberals Lyons United States traders, accessible tion?

the Labour leaders Curtin and vigorates Herbert Hoover, The Enamcru) wilt Increase its capital who see one market after consult him.

Chifley, have relied implicity on commission's recommendations, if from five million to 50 million yen

Accorting ic an irritated For the past quarter of a cen- another closed against them, tury his brother, Hugh Holines, his great experience. He belleves upproved by Congress, will like and will transfer 10 per cent of

correspondent, The in studying problems at first a good deal of routine work off the new capital to the U.S. Ferro-American or restricted

the in-has been a leading figure in the

Enamel Corporation for 10,000 Truman polley got us involved in civil war up to our dollars, which is equivalent to the China's fluence of sterling policies of British community in Alexandria, and, and today he has a grasp of the President's ahoulaces.

ʼn vital and complex subject uuri- was Procurator-Gen-valled In where the

the Commonwealth.

amount of patent Lees to be paid knees, and some Republican con- would dollar

conservation,

eral of the Mixed Court of AP His keen perception and sound

by the Japanese company to the gressmen are demanding an in- unequivocally answer "no" peal, It was a happy coincidence

Corporation during the first year vestigation. They want to know The continued reiteration that the two brothers received Judgment are plainly destined to part in the

of partnership, play an important

why we are not in it up to In the second year, Sun Enamel necks." in a whole series of official the accolade of knighthood at the administration of his country for

will pay four per cent of Its sales many years to come. of the United

Oxford's Oldest Don Defence Chief

affirms jokingly Corporation. It also expects to cut An American husband sued his Kingdom Government's in- In London for Defence talks

When the University re-assen- conversation that he will outlive production costs by 20 per cent as 15-year-old wife for divorce on tention to restore multilateris Sir Frederick Shelden, whose bics after the Long Vacation it his century. The story is told of a result of the use of American the grounds that she acted like year have will find itself the poorer by the how a young artist, painting his technique.. al trading methods over the travels on duty this

said that he Another long-range deal now Another, wed only four weeks, widest possible area as fast as already taken him from Australia loss of an almost legendary gure portrait recently,

to Washington and Ottawn.

-Stocker of Brasenose, Oxford's hoped to paint another on Dr. under negotiation would lead to asked for 趙 divorce on tho conditions permit, does not A Civil Servant since the first aidest don. He was within a year Lidgett's 100th birthday, to which the investment of Dupont capital grounds that his eyeglasses were

in the Nisshin Chemical Com-out of focus when he married. impress them in the slightest. world war, Sir Frederick holds a or so of his century, and had been the altter answered, "I don't see

his own country a Fellow of his college for the why not: you seem young and pany. Britain, it seems to them. position in

Further operations now under} which we have no parallel. He is past 72 years,

strong for your age." pretends to be on the side of permanent head of the Australian

Oxford nen

discussion To hundreds of

But there was a time when a and machinery from the Connecti-

would bring capital One of my friends, a young the angels; she makes all the Defence Department,

and thus who had never set eyes on him, young John Scott Lidgett though cut Mining Company, the Chemi_j lawyer, had been watching the

of a legend otherwise. He once recalled that

construction of a buliding across nice gestures and gives the bears much of the responsibility he was something

for the execution of Austraile

for his

extraordinary longevity. a foremaster of his in the 1860s cal Construction Company and the street. Suddenly he turned to

the Monsanto Chemical Company correct verbal assurances, but Five Year Defence Plan, on which which had left his faculties un- was convinced that Napoleon II

"Sco that fellow.....over. to the Japan Mining Company: impaired, and all the while is hiding her big 205 millions is to be spent.

his daily walks was the Anti-Christ, that the

and equipment and materials to there? I've been watching that Не was I

believe, the first with their clockwork regularity. French eagles planted in Jeru bilateral pitchfork behind her back. Just lately it has be-Civil Servant from the Commen- all measured and calculated Uke salem would fulfil the prophecy the value of a million dollars from leafer for the last two hours and wealth to graduate at our Im- Trollope's writing. In his later of the "abomination of desolat Charles A. Coon & Company to he hasn't done a stroke of work."

desolation the Japan Precision Industry Com- be said gun to stick out rather more perial Defence College. When he years it might

that standing in the Holy Place," and Stocker lived for, as well as by, that the end of the world · was

world pany. than usual.

scheduled for 1900. walking, but an untoward fall few weeks ago while making the erated with myself," Dr. Lidgett investment,

"I commis- can interest in Japanese industrial Pressed While you Hide" round of his rooms broke an arm once recalled, "that I had been Japanese Foreign Capital Investi-

late to complete

Frederich Koch, of Vienna, on my gallon Association, with Occupa- and shook the frame all set tar born too its

allotted span,"

marrying tion approval and backing, has being charged with recently despatched Mr. Kensuko three "wives," asked for clemency Horinouchi es special envoy to on the grounds that he had a the United States.

very poor memory.

statements

same

STA

Bome Investiture in 1940,

If the general problem of liberalising trade is consider- ed not in terms of ideal solu- tions, but as a question of the degree of multilateralism that is practically possible at any particular moment, then the

century.

Born, Too Late Dr. John Scott Lidgelt, who was 95 recently, and retires next month from the Wardenship at the Bermondsey Settlement which he helped

years ago. to found nearly 10 proceeds to the Ferro-Enamel

The Greeks Want

Thus

Action

By KEITH BUTLER

are faced once more with an un-

But what does the record from Britain has undoubted really show?

Sir Stafford Jy helped in this; and so have Cripps, the Chancellor of the the £50 millions of sterling Exchequer, quoted some drawing rights granted to figures in Parliament recent France under the intra-Euro- ly on the financial assistance pean payments scheme. which Britain has given to other countries since 1943. The total came to a little over £900 millions. The bulk of this sum was given or lent in order to allow these coun-

"Greece will demand drastic guerillas from across the Northern tries to purchase goods that they would otherwise not sterling area as an Institution action by the member States frontlers which alone enables have been able to afford. is amply justified on its re- of the United Nations if Al- them to continue this war

bania and Bulgaria have not "If the Greek Army and people During the

period, cord. Its policies throughout stopped aiding and sheltering realistic, face-saying solution by Britain herself received from have been designed to in- the Greek guerillas by the the United Nations and the Greek of goods time the General Assembly Army is faced with a, repetition overscas, mostly from the crease the volume United States, a total of exchartged in the world, and meets at Lake Success in Sep- of the compaign next year I hate to think of what might happen £1,285 millions, and without it is undeniable that

they ember"

inside and outside the Greek Mr. this, of course, she would not have so far had a consider.

Panyiolis frontiers. spoke

"That is the time when Pippineliis, Greece's Permanent

the have been able to make her able amount of success.

Under-Secretary of State for Greek people's disappointment contribution to

The chief defect of the sys- Foreign Affairs and one of the and anger might be exploited by the stimulation of world pur- tem does not lie in the prin- country's cloverest statesmen, irresponsible, and ambitious men. Then dangerous military solutions chasing power. The gold re- ciples which it has adopted, when I interviewed him.

might be undertaken by unwise If Albania continues to Ignore leaders favoured by the popular serve which supports the but rather in the inadequate

In UN. And sterling trading system would financial reserves at the cen- all past resolutions of the General disillusionment long ago have collapsed. tre. As a result of this, any Assembly, Balkan peace will be inside Greece the political situa

endangered, Greece may press tion would be equally open to

WA -a sharp fall for an international blockade of exploitation.

hope the But the granting of loans sudden shock or gifts by a country in its in the United States com- the Albanian coast or the send- Western Powers realise this dan own currency is, by itself, no modity prices or a rumour of ing of an international force, to ger."

control the frontier,

As for Yugoslavia, Mr. Pipinel- One thing is certain At the lis is reserved. "We certainly evidence of good multilateral coming devaluation-puts its

Contrary to some have no intention of making any! intentions. Where was the very existence in jeopardy. moment.

rumours and despite the pressure overtures to the Yugoslav Gov- money

to be spent? In That necessarily induces anf of less responsible political per- ernment for any rapprochement," several cases it was required attitude of extreme caution sonalities, the Greek Government he says. "If, however, the Yugo- specifically for goods which in the management of trade has absolutely no idea of taking slavs make any moves towards any kind of action of her own better relations with Greece, we were only available outside policies, an unwillingness to accord against, Albania and Bul- shall receive them sympathetical

ly." Britain. The £100 million take risks at a time when arta.

There is no question of the The altogether friendlier atti- post-war loan to France, for no rapid further expansion Greck Army being allowed to tude of the new Yogoslav Army instance, was needed by the of world trade is possible pursue the

guerillas

to guards on the frontier is giving The French primarily to buy raw without someone taking risks Albanian territory and destroying more, hope to the Greek's.

their bases there-in spite of the Yugoslavs even saluted the Greek materials in Australia and on a large scale. repeated provocations to the Army Bag recently

Prisoners reveal the significant other sterling area countries, But for Britain the first which la constantly fired on from not in Britain... It has been priority at the moment must guerilla positions over the borders fact that some 60 Macedonian

where', the guerillas have taken guérillas belonging to the Comin part of France's long-term, be to secure the continuance refute when squeezed inside the form-Bulgarian-led NOT des

donian: - Autonomlet. Movement

own

on

policy since 1945 to reduce of the existing multilateral Greek Army pincers.

-But dappers pink-faced, bright-recently dated Mandata

her heavy dependence on area that she has helped to eyed miles, Mr. Pipinellia,un Yugoslavia to join Tito's NOT get dollar sources of supply, in create. Britain's Immediate, worried.

by: But Mr. Pipinallis done not ba- order to relieve the strain on task is to rebuild her now we are praying," he says, llave that Russia has polyban

"that the Cleneral Assembly will, donąd her long-range plan to an already depleted gold re-l'deplated sterling gold reserve thire time averen, enactive colt, establish hermal can be filter serve. The £100 million loan by any and every means. Ition to stop the foreign aid to ibei reumaa Laconus Chris

To stimulate even wider Ameri-

the newly formed

a child.

mc...

•

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our

י

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Sign in a tailor shop: "Clothes

•

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