1952-05-26 — Page 2

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TAMES

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Cathay

THE CHINA MAIL,, MONDAY, MAY 26, 1952.

French MP Japan's Industrialists

On Trial

Jean Dourdain, ex-French M.P., in the dock at Versailles, where with another ex-M.P.. de Rear, he is charged with stealing State Bands run the Arrad Treasury worth Fri00,000. -Express Photo.

Civil Service "Quiz" On

London, May 25.

em-

The Government is now Issuing 14,000 forms asking zenlor professioni ployees whether they have ever belonged to the Com- munist or to the Fascist partios.

Me Stanley Mayne, General Secretary of the Institution of Professional Civil. Servants, told a meet- ing colentine workers

of today that they were also being asked if they had over" belonged to my or- Kanisation associated with or in sympathy with the Communist PartyReuter.

Polly Tries

WARNING GIVEN ON

AID CUTS

Paris, May 25, Mr William H. Draper, special United Blated representative and head of the Mutual Security Agency, today issued an urgent statement condemning the large cuts made by the House of Representatives in the military rnd economic assistance pro- gramme.

The cuts, he aald, if concurred In by the Senate, would mton reducing economic and military assistance to Europe by 27 per cent and have serious implications

security the future the United States,

en.

of

Democrat Senators are con-

Worried By Trade Picture

Tokyo, May 26.

Japan is again politically independent but most Japanese industrialists are concerned about the possible future results of her continuing econo- mic dependence on uncertain trade factors in a. competitive world.

In the first month of the life of the "new Japan" the Japanese were measuring the task of organising the nation's war-eroded economy with its obligation to support a land-hungry population now rising above 85,000,000.

After a decade of unsucce¡sful · Imperial adven- ture Japan has lost much of her once-prosperous world trade. She is left with a distorted economy, starved for capital, handicapped with an out-of-date industrial machine, and complètely at the mercy of world business trends.

Japan's approach to financial forms enabled Jepan to show a stability · during the occupation, favourable balanso of thd was largely ailributed to about equivalent of more than $504, 2,000 million dollars of American | 000,000 in her international aid.

accounts in the 1951 fiscal year.

A FALLACK

mony

Because this nith was given gcherously, and becative special conditions of world rearma- Her real trade showed a loss or of the equivalent of more than Korean ment and the

The elmulated the nation's economy, $254,000,000.

Kup Буду look plugged chiefly with occupation Japanese already back on occupation up "the spending, United Nations pur- солу period" In

und final in- national chases for Korca Anances.

stalments of direct American uld. Unlied States officials With freedom, the flood of estimated Japan received more American aid in cash, supplies than $700,000,000 last year from all techhiebl cltill is expected these sources.

American garricon foreca for spending more supplies have Kore

in war and possible

to slow down.

4

American economists served sharp warning that; unless Japan pays her own way through self-disciplined indur trial Efficiency the can expect no further assistance from the Western world.

They have called Japancar tenders "loo optimistic" in their present attitude towards future.

the

Influential Japanese have advised the nation. that American aid and conditions of world rearmament would con- tinut to ease Japan's struggle for survival

EXPERTS' WARNING

peace, and nomo Armamchis

ordera from America, are ex- pected to keep Japan out of the red again this year, But ob- servers noted the pace of world demand for the materials of rearmainent is slewing.

The Director of Japan's oc- cupation

Major- Marquat, said: The fallacy that America will buy anything, anywhere, at any price is being rapidly exploded. and investment capital, he said. If Japan wanted foreign orders she must ear them with en- cient industries,

Genetul Womy,

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QUEENS ALHAMBRA 720 09.06

“A badutiful daw star; Pie?“ Angeif, and â nhw #tilumph; fed@>Fred./Zinnemenn, director.gf "The Search" and "Eka Meo”

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The Diary of A Bride PIER ANGELİ - JOHN ERICSON

Walter Wangor's, Cinecalor

To-morrow! "ALADDIN AND HIS LAMP'

LEE heat

TAKE ANY SASTROUND TRÀM QR ROUTE NO, S HUS

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Arthur KENNEDY Peggy DOW

Nosox JULIA ADAMS » A (REVLISAL INTERATIONAL, PETLER

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Irving Berlin's

"BLUE SKIES

IN TECHNICOLORI

32 VIXO MERUM Koka vats

Bing Crosby Fred Astaire JOAN Caulfield

A Parambe Picture

ORIENTAL

AIR CONDITIONED

Tako Any Eastern Tram Car or Happy Valley Bus!

It was noted that Japan's kne visible Inecmo last year came to more that 80 per cent

of Final Showing To-day: 2.305.30-7.30 & 9.30 P.M. This thinking stemmed from the value of visible trade in-

come. In pre-war years IN ALL ITS SAVAGE SPLENDORI ACTUALLY 'FILMED the widely-held concept that

Japan's invlible earnings indispensable represented less Japan. La En

than 10 per arsenal and bulwark against ceat of visible trade.

IN THE EVERGLADES VASTNESS WHERE CAMERAS It was Communism in the Far East. belloved the ratio

NEVER PENETRATED BEFOREI '....... IN TECHNICOLORI must some Leading Japanese

time soon again shrink to these

economists

have expressed the opinion that

America "could not afford" to s left Japan with her ma- stand by while Japan drowned jor problems-how

mw

to step up in a sea of economic troubles. exports to pay for her imported materials and foodstuffs. But American experts warn No one in Japan could imme- fident that they can restore the Japanest against cuntinued diately produce any remedy for dollar sources of ma-

some

To Make It House of Representatives made Japan, they say, must speedily ence on

of the steep cuts the dependence on outside aid. Japan big problem-depend

Visiting

Day

DA

an Friday in the new foreign forgot the protettive effect of terials and dependence ald programme.

the occupation and learn as fast sterling makkels for her pro- But as the Benate prepared to as possible the whole responal-cessed goods-Reuter. open a debate

"ald bilities or independence, the on measure on Monday, the Re-

Leading economic reviews Lunzion, May 25. publican Opposition is seeking have stated that the slighten When Polly, the green para support for even

mare drastic move keet, decided to visit Clacton cuts than the House

to raise tariff barriers total of overseas would prevent Jogan's Hospital, she may or may Hot

achieving the increase in her have known that her owner, Mrg more than $1,700 million. Mollie Mann, has been a patient The President originally ask prezent export trade needed to Con- for $7,900 million the American assistance of

ensure living standards. ed 'Congress But Polly did make the trip-military ond economic aid for all on her own, hopping atid Europe, the Near East, Asia, the Som $600,000,000 a year will be Happing half A mile over Pacife and Latin America In the necessary for several years,

these commentators believe. gardens and across pavements coming Anancial year. from the house in King's-road

But the -Behnte Foreign Ne

there for three weeks.

where neighbours were looking

after her.

An, open window gave her the chance to escape.

For more than two hours Polly dodged porters and nurses in the hospital grounds.

Then, with as much dignity as At 2.30, 5.15, a rather ruffled parakeet could 7.30 & 9.40 muster, Polly strutted into the

Hospital's main entrance hall, P.M.

But she never reached her mistress. The malron Miss Resina Sedley, grabbed Polly and shut her up in a laundry basket.

SPECIAL LENGTH NEWSREEL OF WORLD WAR HI BY WAR REPORTER FROM EAST-LINE FRONTIER!

TTLE-RUSSIA-HAZI STRIKE

Alio Colour Shorts: BUST DEVELOPMENT'

POP

Salt Mit Sealoy: "We didn't realise the bird belonged to a patient unul we got in touch with the pollee. Mrs Mann's felends collected it."

That Old-World

Atmosphere

Vasice, May 23. Venetian aristocrats are cook Ing to ban the sale of Coca- Colà on the Grand Canal Gon dolar to preserve the canal's old world atmosphere.

Japanese economists seo theso

economic survival:

ESTIMATE OF WORLD

RICE CROP

Washington, May 25.

ations Committee has already requirements for Japan's future. The world's rine crop for the

leut it by 81,000 million.

Further cuts are proposed in three motions, two of them sponsored by Republicans, the third by a Southern Democrat,

-Reutch

Another Bomb Exploded

year from August, 1951 to July, 1952 showed little change in volume from the preceeding two years, the US. Department at Agriculture said

said today. The Department's Office of Relations Agricultural estimated that the output would 2 International agreement to total 337,000 million lbs. com- restore free exchange of cur-pared with 380,000 million Ibs. rencies, especially the con- la 1980-61, and 337,000 million vetibulty of. dollars and Ibr. in 1940-00. Sterling

Declines In

TRADE WITH CHINA

1. Continued foreign aid, in the form of direct assistance, Investment capital and atma- ments

orders placed with Foreign Japanese industry.

3. Stability in Asian markets, Bouth Amorich,

production

WARNER BROS. PRESENT

DISTANT

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SOUTH CHINA MORNING POST LTD.

Hongkong

FRIMPHREY

BOGART AFRICAN

One thousand troops and 400 including gradual recovery of Oceania were offect largely by HEPBURN QUEEN

Las Vegas. May 25,

In trade with the Chinese mul- pronounced gains in North military observers crouched

America and Europe, the state- foxholes in Nevada at dawn to land. day as another atom bomb was Completely overhauled ment said, dejonated about three and a half Japanese industries selling at

The Asian rice output at miles away:

least 30 per cent more exports 310,500 million. 1be. nearly ap- In the then before the Pacific war.

proached that of the year before. Domestic Inflation held in post war average it was still only. Though considerably above the check.

None of these "requirements" per cent of the pre-war pro-

duction. was regarded as easy to achieve.

Low yields por Japan's present position is seen caused the drop in output.

dere again The familiar mushrooin cloud containing many actinglai fac-

The land used for rice-growing was kesh for nearly 20 minutes törs- currently disguising the had increased an all continents In the partly overcilst akty. real diftulty of achieving in fécent year), - the announce.

was the sixt American tests this Spring.

The ash and the orange are- ball, lasting 15 seconds, werg as bright bs any of the earlier tests here.

The troops advanced soon stability, after the blast to inspect damage Indirect and to military equipment-Reuter. recurring

Meating place

ravenues

CHINESE

ment said.

possibly hen- But ünfavourable Weather In various reduced the average of yields per

pere--Reuter.

OPTICAL CO

To know where to buy

ŝa no Úsporženi je glansen. já In anything slawn. Wa hope ojt mean to all tha guide ybé nòid · 11,

im kption).

C), QUEEN'S BOAS CONTÉM, WING KONG.

To ADVERTISERS

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