1949-09-22 — Page 7

Page

Professor John Desmond Bernal, 48 (right) i seen "with the Dean of Canterbury, Dr. Hew- lett Johnson, at a press conférence called by the British Peaza Committee in London. The con- ference was to clarify the position arising out of Professor Bernal's speech at the conference of the Soviet Partisans for Peace in Morcaw at which he said: "In capitalist countries the direction of science is in the hands of those who hate Peace, whose enly aim is to destroy and torture people to that their own profits may be secured for some years longer." His speech Ted to deferment of his re-election to the Council of the British Association, Society of Selent- lets which numberc Britain's greatest thinkers among its members. Bernal told the press con- ference that he blamed "the monopolists" who directed selence, chiefly in the U.S. and Bri- tein, and net "the scientists themselves He declared that he would make › further similar

(AP Photo).

speeches at the British "Peace" Conference next month.

TUC SPLIT

FEARED

OVER DEVALUATION

BRITISH TOURISTS STRANDED

London, September 20. British tourists, still baffled by the currency changes following devaluation, thronged travel agen- cics and banks in the European

bours.

London, September 20.

The leaders of the eight-million strong Trades Union Congress decided at an emergency meet- ing tonight to reserve judgment on the Govern ment's devaluation of the Pound.

Observers were surprised at the decision, which they

thought indicated fears among the trade union leaders that they will have difficulty in holding their members in support of the. Government's policy.

THE CHINA MAIL, THURSDAY, SEPTEMBER 22, 1949.

CURRENCY POSITION BEGINS TO CLARIFY AFTER DEVALUATION

London, September 20.

The world currency picture, clóùded and confused"

by Britain's devaluation of Sterling, clarified further today. Holland became the 17th notion to slash her money and several other currencies hovered uncertain- ly.

In addition to Britain, the countries now in the "devaluation bloc" are: Australia, South Africa, New Zealand, India, Ceylon, Eire, Canada, France, Iceland, Egypt, Norway, Denmark, Sweden, Finland, Israel, Burma and Holland.

Among those expected to de- value shortly are the West Ger man mark.

4

Still uncertain are the Azgen- tine and Chilean pesus, the Spanish peseta and the Portugu- | ese escudo, ‘-

Reports from world cenites said:

Paris In the black market the Pound was quoted above the official rate today for the Arst time for several months-1,010 francs compared with the new rate of 980.

of

Pakistan.

Not To Devalua

de-

Karachi, September 20 The Pakistan, Government decided tonight not to value the Pakistan rapče in relation to the United States donar.

The decision was taken at five-hoor Cabinet meeting. Pakistan is

thus the only Commonwealth nation not to devalue her currency after the Pound Sterling. All the other Dominions, including Pakistan's neighbours, India

followed and Ceylon,

Bri- sin's lead.

The State Bank of Paki. --stan-tonight announced the fallowing new exchange rates for the Pakistan, rupee: One Rupee: 25.90. Pound Sterling- ruptes.

The Japanese Ministry Trade and Industry announced the Immediate formation of an. Industrial "Rationalisation" -Caunell which tokůềmic circles Delieve will re-organise produs- tion to meet the bitter come petition expected from Britisn goods Warsaw

100 New exchange rates jare to be introduced in Poland to

rupees. correspond with the new values 100 Indian Rupeer-59.50 of recently-devalued foreign cur- Pakistan rupees.—Reuter. rencies, the Polish. Finance Mine ister. Konstantin Dombrowsky, announced.

Rupeet-144

9.266

Indian

Workers Idle In America

The Polish National Bank and The new franc-dollar rate, an-mstructed to buy British Pounds other exchange banks have been nounced last night at 350 francs at the rate of L117 zloty to the to the dollar, was quoted at this Pound as against the pre-devalua Sgure in the Paris Farele Ex-tion rate of 1,000 zloty. The new New York, Sepiander 20. change Market at a specially elling price for the Pound is to More than half a million early meeting today.

be 1123 Loty instead of 1,616. workers in the United States were

No Ceiling

to

the

Some 430,000 rainers

The new official rates for Ster-It added that the rates of ex-idle today as a result of the coal ling and other unconvertible cur-change for other re-valued cur- strike.

also be corres- ceased work as a result of their rencies will be announced by the rencies would Bank of France later today.

pondingly reduced.

"No Pensions, No Work" decision, Washington: Greece today de and

in addition coal-carrying) valued the drachma to 15,000 to redways laid off. 27,000 cm- the dollar

and 42,000 Pound Sterling, the International It was officially announced

Monetary Fund announced. overnight that the Council of

The drachma has had no xedal Ministers had decided to fix the value and

does not acquire an exchange rate in the neighbour-ancial par value by today's step. hood of 350 francs to the dollar,

Previously, the affecting rate rorresponding to 980 francs to

was 10,000 drachmas to the dol- the Found.

lar and 32,000 to the Pound.

When the Market opened this morning the new rate of 350 was i inscribed on the blackboard. No bargaining preceded the fixation

of the new rate.

Batavia More

reason for the coal strike is that pensions to miners over 60 have been stopped because the to pay operators refuse the pensions are drawn. royalties to the Fund from which

The million members of the United Steel Workers' Union have threatened to strike at mid- the night on

agrees to accept a pension-insurance

Which plan was recomenderit by a Presi- dential fact-finding board.

steel in Saturday unless

One of the

"No hat brigade"?

BEWARE OF

HUNGRY HAIR

and lifeless "HUNGIT HAIR”.

"Vaseline" Hair Tonic helps clear away loose dandruff and leaves your hair well-groomed" and protected. Give your hair this special care Ask for "Vaseline? Hair Tonic. Your hair looks better, your scalp feels

Your hair gets hungry in this climate. Hungry for the natural oils which sun, salt water and wind draw from your scalp! If you don't replace these pils then you're in for DRY SCALP and lifeless "RUNGRY HAIR”.

Just a few drops of "Vase line" Hair Tonic every morning supplement the natural scalp oils and guard against dull hetier.

Vaseline

**TRADE MARK

Sole Distributors:

一心

U. C. L HONG KONG

HAIR TONIC

Double care- both Scalp and Hair Jardine, Matheson & Co., Ltd.

Antimony-Free

Acid-Resisting Enamelware -

Non-acid-resisting enamelware tends to be dissolved off by organic acids present in. food causing, a tarnished and discoloured surface. Worst of all, the poisonous ingredient, antimony, goes right into the stomach.

Non-acid-resisting enamel kitchenware is prohibited in most countries.

If one puts one drop of 10% citric acid solution on an enamel surface for 15 minutes one can differentiate acid-resisting enamelware from

non-acid-resisting chamelware very easily.

We specialize in the manufacture of acid-resist- ing and antimony-free enamelware. Not a single molècule of antimony can be found in our factory.

INQUIRIES CORDIALLY INVITED

the threat is implemented, UNION CERAMIC INDUSTRIES CO., LTD.

It had been confidently predict their claims for increased wages, capitals again today in the hope ed that the TUC leaders would stopped work at Southampton of cashing travellers' cheques.

Those in Brussels found no forhold a brief mecling, announce This move Was synchronised eign currency transactions

their were

Support in general terms of being dealt with for another 24 the Government's action, and ad- with that of 50,000 railwaymen

in the London area, whose "go" journ while further information slow" was also scheduled to be- j Holiday-makers in Switzerland was obtained from the Chancellor were able to change their cheques, of the Exchequer, Sir Stafford Ein at midnight.

baggage The passengers and but had to take the best offered | Cripps. because no official figure had been

lastead, the Council had one of from the Queen Mary, which fixed.

its longest post-war discussions, docked at Southampton, from In France tourists at least know and afterwards issued an official New York last night, were not how they stood but overnight the statement which merely stated: held up. The Southampton NUR French Government's exchange "The General Council are as carried on until the baggage had dbexers Wour normiziyTM have position had knocked off 124 per fed that the grave step of deben cleared, but men from the Market in Paris is virtually con- cent from the value of their tra-valuation would not have been Transport and General Workers trolled vellers' cheques,

by the taken by the Government with- Stranded Britons due to leave out a careful assessment of Union worked throughout the through the Bank of France.

4] Belgium today were lent enough factors involved, but, lacking night and by 9.00 am, today all In unofficial or black market rials to 89 rials 40 dinars, it was francs by the British Consulate fuller information about all these the light baggage had been un-dealings to pay their hotel bills.

factors. the General Council loaded.

Batavia: The Indonesan guilder was devalued today along with

There was no development to- Last night the Government the Dutch guilder at a rate of

3.8 from 2.65 to the dollar, a re-day in the United Auto Workers Mit- spokesman, M. Francois

curtion of 35 per cent.

Union's threat to call a strike of terand, Jet it be understood

The devaluation brings the Ford Motor Company employees that 350 represented the top ceiling, above which the French uilder proportionately into line on September 29 to demand com- finance authorities did not pro-with the devalued Found Ster-pany-financed pensions.

ling. pose to let the franc-dollar rate

One of the first effects of the of thousands of workers in parts 115,000 Ford employees and teas go for the moment, although

devaluation is that rubber ex-supplying companies will be made events may force their hand (m.

porters will no longer be re due course.

quired to sell half their pro- Exchange The "free" Foreign

duction to hard currency arézs.) Teheran: Persia has revised the Government Found Sterling rate frora 129

Touts circulating the hotels of-could not pass judgment on the fered 120 Belgian franes for a necessity of devaluation!

Pound note, compared to the ex- official rate of 122.72

-

Brazil Won't Devalue

Rio De Janeiro: The Minister

dollars yesterday officially announced today. buyers were offering 380 franes for the dollar. Today's unofficial London Meeting

rates are not yet known. London's 500,000 railwaymen The Hague: Holland came into will be holding meetings today line with Sterling today when and tomorrow tp decide the guilder was devalued to 3.80 whether to fallow

the "go per dollar from 2.65 per dollar. slow" call TUC will make a

given

by last night's Luxembourg: It was said that tel and went to France, where more detailed examination of the mass meeting.

the Luxembourg franc-which is day. There will be no devalua The

slow*

movement, tied to the Belgian franc-would tion of the cruzeiro." the cost of living is considerab-questions raise in today's dis-

be devalued. Senhor Souza Costa's state-

franes.

"The leaders of, the TUC

aren

to have an early meeting economic matters with Sir Stef-

on

pected

One Party of tourists who ar rived in Geneva yesterday alford and after that a special com-

most immediately left their ho

measure

mittee of the

Snags Ahead?

>

of the Treasury, Senhor G. Sil- veira, and the President of the the House of Representatives, Senhor Souza Costa, declared to

remained

ly lower than in Switzerland.cussions," the statersent added which was organised by the Lon-"in all probability" Tourists in France who did ast "When the committer has on District Council of the Na Bonn: The Chancellor, Konraduent came after a long confer draw the 10,000 francs allowed reached its conclusions, the TUC Sonal Union of Railwaymen, is Adenauer, telling the Bundestag ence with the President of the them by

by the

Government as an leaders will seek further meetings timed to start at midnight that the Western-mark would Bank of Brazil.

The Czech Finance emergency

Praques If generally followed, it will presumably be devalued, said that Govern- yesterday with members, of the were still allowed to cash £9 atment."

affect all services in and out of the measure would be regretted Minister, Jaroslav Kabes, told a the old rate today.

London.

because the internal stability of Cabinet meeting, today that the The Union Executive will con- the mark gave no occasion what- Czechoslovak n sider the position at a meeting in fever for manipulations of this unaffected by the devaluation of The general tone of the state-London today.

Kind.

Sterling ment tonight was Interpreted They have already circularised. Vienna: The Austrian Cabinet "Our currency is firm and will here as indicating that the all branches asking for no action today unanimously decided not remain so," he said. Trades Union. Congress may to be taken over the rejection of to devalue the schliling.

A new exchange rate for Ster- Find it difficult to give its un the claim for a wage increase Tokyo: The Japanese yen wilting of 139.5 crowns against the conditional approval to the until after National Delegateste maintained at its present. rate previous 200 was announced yes- National Government's new ecoñonde Conference to be held next week. 360 to the dollar and revalued terday by the Czech policy

BankReuter and United Press. -Reuter

in relation to Sterling.

The new rate of 980 francs to the Pound, compared with the old rale of 1,097, made a big cut overnight in the value of the re- mainder of their travellers' che- ques--Reater.

Nehru On The Rupee

It is believed that leaders of several hig unions which have wage claims pending said at 10- night's raceting that they fore- saw great difficulty in holding their members in check.

New Delhi, September 20. The Indian Prime Minister, Pandit - Jaraharlal Nehru in broadcast tonight to the Indian Meanwhile, as-midnight struck poopic on the devaluation of theerane drivers and other dockers Tupec, said that there was no rea- belonging to the National Union son to apprehend a rise in the cost of Railwaymen, who are

pre- of living.

"Indeed, we cannot afford any further rise in the internal prices of our basic commodities," he said. The tendency on the part of these prices to rise will have to be countered by the exercise of regulatory public authority,” Pan- dit Nehru said

testing against the rejection of

Referendum On Leopold

Brussels, September 20.,

Mr. Nehru sáld the Government A Bill providing for a referen- would continue, their endeavour durn of the Belgian people on the to bring down present prices to a question of the return or prom more reasonable level by encou-visichally-exiled King Leopold raging increased production by to the throne was approved at a the nationalisation of production, Joint meeting of the Commissions be continued.

for Justice and the Interior of the

Belgian Senate members of the Commissions fall of the rupes was a matter of Lee in favour of the Bill,

fall Catholics) voted choice.

fan Socialist Fourteen

members

Mr. Nehru said, that India's

taking action on the dollar.value Twenty-thre

"It was not our dollar dificul-voted against, and the six Literal ties or any sudden emergency that members of the Commissions compelled us to take that action.abstained from voting.

It was not because of any pressure A rebate on the Bill: will-bet

by

the

the first item on the agenda of

when Parliament.

British Government," the Senate

Mr. Nehru said, free But. Mr. choice was often governed by reassembles on October 18 Hou-

circumstances and India had,toter."

take this new circumstance of

devaluation of the Pound into account

411 we had

not taken paralle

parallel

action in revising the dollar rupee

ratio,

PRIETO ILL

San Sebastian, September 20 The exiled Spanish Socialist

the prices of our goods in leader, Senor Indalecio Prieto, is our principal export countries dangerously, I according to re- would have risen immediately and ports received are from France. that would have affected our Senor. Prieto, who, is, 66; re- trade, interests and all those veived the Last Sacraments yes- engaged in production work in terday. He was the Republican: our country be conclurled Linister of Defence in the Span- Beuter,

Akhieivil-war-Beuter.

FLY TO CANADA

by

*

Canadian Pacific

SHORTEST, FASTEST ROUTE TO NORTH AMERICA

The Canadian Pacific Empresses”- are back again! To-day, they are four-engined "Empresses of the Air Pressurized for comfort. manned by seasoned Canadian crews. Fly relaxed in full-length, reclining "Loungaire" chairs. Stewardess Connections at: Vancouver; rail or points in North America.

alf

FLIGHTS EVERY THURSDAY

From Hong Kong for Tokyo and Vancouver,

Information and reservations from

Canadian Pacific AIRLINES

GROUND FLOOP UNION ELDG.

MANTELA-320677

WINGS OF THE WORLD'S “DERA KENT TRAVFE, SYKT

idle. Reuter.

202-212 Yee Kuk Street, Kowloon, Hongkong.

Tel. 57977, Cable Address "UNICERCO”.

FLY - B•O•A•C

·

BY

TO

GREAT BRITAIN * USA BERMUDA CANADA' MIDDLE EAST WEST AFRICA

EAST AFRICA SOUTH AFRICA. ↑ PAKISTAN INDIA * CEYLON * AUSTRALIA · NEW ZEALAND * FAR EAST” JAPAN

DIRECT SERVICES

To U.K. Via Bangkok -

» Singapore -Tokyo.

From U.K. Via Bangkok

Singapore Tokyo

Tuesdays & Fridays Wednesdays & Saturdays.

Tuesdays

Mondays & Fridays:

Thursdays & Sundays Thursdays

B.O.A.C. TAKES GOOD CARE OF YOU

Information & Bookings: Jardine, Matheson & Co., Ltd. 6/8 Chater Road, Hong Kong, Telephone 27765-6.

1 Peninsula Arcade, Kowloon. Telephone 59161-2-3

(General Agents in Hong Kong & China) -

BRITISH OVERSEAS AIRWAYS CORPORATION WITH QANTAS EMPIRE AIRWAYS LIMITED, TASMAN EMPIRE AIRWAYS LIMITED AND SOUTH AFRICAN AIRWAYS

ΑΣΟΥ