1952-03-27 — Page 2

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THE CHINA MAIL, THURSDAY, MARCH 27, 1952.

Spanish Bases Negotiations

Washington, Mar. 20..

The United States Secro- tary of State, Mr Dean Acheson, sald today that negoitations with the Spanish Government for of air and navnl bases would bento 'as soon as the Franco Government was ready.

the use

AN

The new United States Ambassador to Madrid, Mr Lincoln MacVragh, would be available to begla dis- cussions after he had pre- sented his credentials, Mr Acheson told his weekly Pres conference,

The presentation of cre- dentials takes place 40- morrow.—Reuter,

European 'Green Pool' Conference

Paris, Mar. 26.

The 16mation conference meeting here to seek ways of setting up an agricultural pool decided today that an. "ad hne" conference on the "green pool" proposal will be called in Paris between June and September.

Tomorrow, the conference wili diceus. the aenda for the latter meeting anl

will probably sel

up working committees to com-

sider the agenda.

Speakers today, as yesterday, approved the idea in principle, though some

expressed.

reservations were

the

Alpine Troops Manoeuvre On Skis

SHOWING

Issued with white outfits in an effort to make them almost invisible, these Italian Alpine troops move through mountain snow on skis during manoeuvres. High foreign military leaders watched the exercises.-Express Service,

Havenga Warns South Africans

Of Greater Sacrifices Ahead

Capetown, Mar. 26..

The Finance Minister, Mr Nicholas Havenga, told the South African Parliament today that he had authorised the Governor of the Reserve Bank to sell immediately to the Bank of England £10,000,000 in gold over and above the normal quarterly gold sales to the United King- dom in terms of existing arrangements.

and after- Introducing his budget in the production in 1953 The Swedish Ambassador In House of Assembly, Mr wards other developing mines Paris, Mr K. 1. Westman, said Havenga noted that there were would come into production at Hay his country approved ine hopeful signs that the tide of the rate of two or three a year. Frch suggestions on the fun-inflation is turning in the United tions of the proposed organisa-Kingdom, and he hoped that tion. He stressed the need for the crest of the inflation wave pected to add a increasing agricultural produc- had been reached in the Com-amount to foreign exchange-in-- onwards tion and wald that farm workers monwealth. should be as well paid as in- dustrial workers.

The Danish Agriculture Minis- ter, Mr Soenderup, said that his country, as a large exporter of furm produce, was especially in- terested in the question of out- icts.

For him Erropeta integration implied the complete freeing of exchanges. The first step should b. the suppression barriers within Europe.

of

NATURAL PLACE

radis

The Secretary of State in the Agriculture West. Gerinan Ministry, Her Sounemann, said that on agricultural union has a natural place in an indus- Irial Europe.

The Swiss Minister In Parls, M. Antoine de Salis, said that Switzerland did not favour the idea of supra- notional

authority,

in

2

in the

way of the free circula- tion of goods.

Signor Fanfani zaid that the European agricultural community should sponsor migratory move- ments to make the best use of manpower.

Uranium exports

were cx- substantial

came from next year worldwide upward ra and exports of other minerals Adjustment in the price of grid, were also increasing, he thought, would be the surest means of speeding South Afrien on lis way to freedom from restrictions. He felt con- vinced that this was bound to come.

men

of

of

of

Mr Havenga felt convinced worldwide upward that readjustment in the price gold was bound to come,

Developments over the past While South Africa was not faced with a funnetales. Mr six months had encouraged his Haveng

warned his country-belief that governments would that they would Tapu not be able in the long run to have to find many millisan for peg the price of gold nt a level defence and would have to

which was entirely out of line greater scorifices with the value the public at- accept

tached to gold. future if they wished to pre-

The International Monetary serve the purchasing power

Fund had relaxed its gold policy her Pound.

September, Apart m inetenged taxn-j in

1951. It was on

estimated that nine and a half ave will have to save

million ounces of gold were more money by consuming less,

sold in free markets last year Increasing our production, and

and it was slow down the rate of expendi

expected that this tere

now increase development," Me would

to over 13,000,000 ounces or 1,000,000 Havenga_said.

The South African Treasury unces more than South Africa's had decided that the amount of total output. foreign exchange available for imporis during 1952 should be limited to £400,000,000-sum- cient to meet the

נכון

DOLLAR IMPORTS

Mr

HEAVY DRAIN

The normal

Canada To

Make__Air Survey Of Pakistan

Ottawa, Mar. 26. Mr Jean Lesage, Parlia mentary Assistant to the Canadian Minister for Ex- Mr Lester ternal Affairs, Pearson, told the House of Commons here last night that Canada has tentatively agreed to make an aerial. photographic survey of the resources of Pakistan.

Mr Lesage suid that the Government had been crucised for not making a large encugh contribution to the Colombo that but the Plan

fact was Canada had not been able to spend what she had agreed contribute.

סלי

for

Of the $25,000,000 voted for For Italy, the Agriculture

That such a large volume of Minister, Signor. Fanfani, an-

country's gold was absorbed at more than general economic assistance to nounced his complete support of reasonable import requirements. 53 above the official American India and Pakistan in the first the Plan, Mr Lesage the French plan. He said that

price mos striking evidence of year of

added, only $10,000,000 WAS European countries must ration-

the public's faith in gold and alise theh farm production in

South Africa's reduction of their distrust of paper currencies, actually spent; that was on a to reduce costs, create order

that shipment of whoa to India. Havenga disclosed total imports by up to £70,-

The

veted $400,000 common reserves and reduce Wiste caused by obstacles placed 000,000 was likely to be largely the drain on the Sterling Area's technical assistance had not all

would probably at the expense of soft currency gold reserves

been used either, but equivalent unless countries

they

to be heavy during sums were being sought from could continue

the first half of this year and Parliament in both fields for quos competive prices.

The issue of general permits would only be halted during the the new fiscal year starting on in relation to restricted per-second half,

April 1. Mr Havenga announced that nils would be as beral as lant

Tentative agreement hnd the Department of gold-mining taxation would re-been reached on a photographic year but Commerce and Industries would main unchanged,

and geological Survey Agriculture not hesitate

tox rate to authorise

on Pakistan to be undertaken by o

ond chilling from eight duilings

Very little was known of the to nine shillings per Pound of

geological *and geophysical taxable income. The yield make-up of Pakistan and

uncial year was estimated survey of this kind would pro- at £270,000

vide basic data of Immediate Mr Havenga, said, "Taxation

and long-term value to Pakis- on gold-mining was increased tan in carrying cut its economic last year and in view of in- development. Reuter. creased working costs and the need to attract the large volume of capital that is still necessary mines to the bring the gov producing stage, I think we should explore other overtues before resorting to a further increase of gold-mining taxi-

The Belgian Minister, M. Hager, said that the

in-

president way to approach the reased imports from the dollar/ diamond mines was increased by Canada, Mr Lesage said,

problem was product by product es had been done for coil and steel in the Schuman Plan.

The conference then passed to a discuta of the proposed Eupen agricultural conference

-Reuter.

FESTIVAL DOME DISMANTLING

lo In-

area if exporters in soft curreRCY countries should attempt to ex- ploit the position.

He expected the dollar area's percentage of ita share in South Africa's total imports crease during 1952.

"Why, we expect the United Kingdom will still be able to pequire a satisfactory share in Car gold output under these conditions is that our gold out put pluu our hard currency receipts will cover a consider. ably greater percentage of our total imports

at the reduced Havenga's budget, which

London, Mar. 23. The dismantling of the 1951 Festival Exhibition Dome of Divory begin today at Lon-

provided for a surplus of ap- proximately £1,400,000, in- don's South Bank site. It will. take

six months

to dismantle South Africa since the war had cluded increased excise duties

Fank structures,

level envisaged for 1952"

Mir Havenga sald that the

development tremendous

in

the Dome and 10 other South meant the importation of en bider, tobacco, mineral waters machinery and other capital good's

unprecedented poale..

ما

The Dome can still be bought If anyone

wants to reconstruct It elsewherO, a epokesman of the dismanting firm said day. Otherwise it will yield 600 tons of metals. Its scrap value is estimated at £17,000. The future of the Skylon will be de cided his week-Reuter.

an on

.

PRICE

GOLD OF

These investments were now beginning to bear fruit. Three new gold mines had begun to produce, alx would

commenco

Nineteen, and fifty-two !

PUT DOWN THOSE

COCKTAILS, ANO- FOR WEAVEN'S SAKE GERVE THE SARDINI "OU TOAST!

and awacts manufactured in South Africa for sales, and customs duties on filma,

The increase on films would be four-pence a foot but would not apply to scientific or educa

lona Aims and certain other types of film which at present are admitted free of duty, Reuter.

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Reds Allege Abduction

Of Children

Vienna, Mar, 26, *Tho Soviet Occupation authorities today prosied to the United States High Com- mission against the alleged ab duction from Austria of a group of Soviet children,

The Soviet Deputy High Commissioner, General Wras- klevitch, in a note to the US Deputy High Commissioner, Walter Dowling, requested the rehun of the children to the Soviet authorities for repatria- tion to the USSR.

Competent circles hore said that the children concerned were not Soviet citizens but. melly

East crphans from European countries which have become part of the USSR since the last war-France-Pressy,

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A Chinese Picturó in Mandarin Dislogue

Invites your support in helping to train .the Hongkong citizera - of to-morrow. Subscriptions ahould be

Belgium. And Japan ont The Hen, Treasurer The

Brussels, Mar, 20.

The Belgian Chamber of De- puting today approved the first reading of legislation to rnity the peace treaty with Japan Reuter

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