1952-09-05 — Page 2

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THE CHINA MAIL, FRIDAY, SEPTEMBER 5, 1952.

Worldwide Return To Sabre Jet

The Gold Standard

Steals The

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Advocated By S. Africa Air Show

FINANCE MINISTER GIVES WARNING

Mexico City, Sept.

Mr Nicholas Havenga, South African Finance Minister, today warned that if the world did not return to the gold standard, then ex- change and international trade restrictions would have to be accepted as permanent features.

"

He also pressed again for a worldwide increase in the price of gold. "There is a growing conviction” he said, "that if gold is not correctly priced it will wreck any monetary mechanism."

Valuable Find In Canterbury

London, Sept. 4. A Romani bronze and enamel brooch In good condition and dating from the secondeeritury fias been found during exdáva- tlons of St George's Street, Canterbury, Kent.

discovered beneath the cobbled

floor of a ninth century Saxon house. Also discovered were about 200 Itoman colns of various periods and the feet of a pipe-clay figure of Venus. -Heuter.

It was

Emergency Reserve

Of Food

Plan Of UN Group

Rome, Sept. 4. Delegates from five countries, now meeting at the headquarters of the United Nations Food and Agriculture Organisation here are discussing the possibility of creating a reserve which may supply food to countries stricken by such natural calamities as crop failures, drought or flood.

Mr Havenga, speaking at the price of gold, which should help seventh meeting of the Inter- substantially to reduce the national Monetary Fund, sald the necessity or extent of further disequilibrium in the balance Individual adjustments and to of payments of many countries facilitate the removal or reduc was today as serious as ever. But tion of exchange restrictions." the problems with which the Reuter. world was faced, could not be solved merely by

determining

cattses or prescribing remedles,

"As I see the position, a more funmental

to the he said.

problem is causMem will

the

"I believe remain insoluble unless we can succeed in finding a satisfactory and practient basis for reconeli- ing two ideals which are not al- way compatible the ideal of full eniployment security, as opposed to the ideal c/ currency sind

exchange stability and removal dia

of criminatory trade practices

the modern Welfare State,

and Bocial

Cole factors have been sub-

ordinated to

the

Objections

Farnborough, Sept. 4.

A United States Air Force Sabre jet fighter today stole the thunder from Britain's vaunted supersonic plánės on display here at the an- nual air show.

ONLY 11-6-11... PRODUCER OF "QUO VADISHA COULD DO IT

QUER PARKERI

A ferrifie bang shook the big| QUEEN'S :

crowd walling for the revolu- tionary new jeta to go through their faster than sound paces this afternoon.

Show ofclals looked at one mother in amazement. · All three planes in the show capable of breaking the sound barrier

De Havilland 110, Super- marind Swift and Hawker Hunter-were grounded,

Then "omeone come up with the explanation: a swept-wing Sabre from the nearby Ameri- can air base smashed through the barrier in a diva faster than the speed of sound-780 miles an hour-somewhere In the

To US View vicinity.

On

Tunisia

Vichy, Sept. 4. Colonna, French M. Antoine

Tunisia. Senator representing said here today that the French In Tunisia would demand to be heard in the United Nations us

a "threatened minority" if their overriding case was not given a fair hear- social objective of full employ- { Ing.

"A

The crowd was disappointed carller because tho 140-ton Saunders-Roo Princess flying boat, Britain's biggest plane, was unable to take part in the pilot Geoffrey fly-past. Test Tyson decided not to bring it up from its Base in the Isle of Wight because of a small techni- cal fault.

of

Today's flying exhibition was observed by nine senior officers the Yugoslav Army. They were herded by Colonel-General Peles Dapcevle, Deputy Chief of Staff.

TO TOUR GERMANY

inent.

Effective prosecution of He was replying to a speech this objective requires a flexible made by Mr. Ernest Gross, monetary standard.

United States representative to Managed economy requires the United Nations, in which he a managed currency and what called the Boy "the natural ever theorists muy say, it is spokesman of Tunisia and ad-

A spokesman for Vickers Air-. doubtful

exchange voeated conversations with "the graft Company said that the whether stability and

ot. non-discrimina-real representative

the Vickers Viscount, turka prop tion could be maintained under Tunisian people."

airliner, is to be demonstrated such conditions", he observed. M. Colonna said: "He seems to German aviation authorities to hold the strange bellef that and businessmen interested in one can represent a people in forming a civil air line. spite of itself organising-in Viscount will leave Britain for

* German lour democracy-riot, sedition and the blackmail of 23. terrorism.

the

SACRIFICE INEVITABLE "I am fully aware of difficulties in the way of a re- turn to the gold standard, as it would require drastic modifica- tion of the objective of current monetary, economic and social policies.

"But it will be futile to pre- tend that convertiblity and exchange stability could be achieved without sacrifice, and without a substantial módnica- two tion

of current government

the name

of

is by those means that the of the Neo-Destour managed to invoke a so-called States-General, which

amongst its 40 participants included only six elected representatives.

"Most

of the

others were quite honest people but without following. Nor could they have been immune from cer-

said.-Reuter.

any

The

on September

it is understood that the mu- chine will be demonstrated in various German cities to the au- thorities and German business men interested in forming a company to put Germany back in the civil air transport busi- ness,

"Many people concerned with the re-start and development of German civil flying are CX-

The delegates are from food-exporting countries, United States and Australia, two food-importing countries, the United Kingdom and India, and would always tend to compel

domestic was,

political forces from France which both ex-wom

governments to give the highest ports and imports food.

priority to full employment at the

of exchange expense stability unless some external discipline could be Introduced to s set a limit to the freedom of governmental action.

the policies, nature being what it tain threats and pressures," he tremely Interested in this

The Committee hopes to finish Its draft by September 15 and submit it to a meeting of the Gulding Council of The FAO due for November.

The vast programme calls for

Air Arm Officer Praises MIG

London, Sept.-4. "The Russian MIG jet fighter

a beautiful thing to

"It would appear to me that if the world is not prepared to the storage of wheat, rice, soya return to the gold standard and beans, four, com sugar, fats, If no other external check could dried skimmilk and hydro-be introduced to prevent the genated oils.

subordination of the monetary system to political considera-ts One of the most important

solved is how tions, we may have to accept ex- Lieutenant Feter Carmichael, problems to be

change restrictions and dis- first British naval flyer to shoot and where this emergency crimination in international one down in Korea, said bere reserve can be stored and how trade as permanent features of today. it can be administered.

the modern world.

"It is a most beautiful air- MAJOR DISASTER

craft Meanwhile preparations are

which simply glides being concluded for the coming "I feel that the time has through the air," he added. three-day

of meeting

all arrived for calm. dispassionate But the men who pilot the European members of the FAO examination of the basic ques MIGs are a mixed bag,"" he to discuss the standardisation of faced with

tions whether the

the world is not fold a press conference. He did a choice agricultural research informa-

between not think much of the way tion.

objectives and they handled the aircraft, "the achievement and

The

20-year-old officer told

TO

th

The meeting. which will be maintenance of convertibility how, flying a piston-engined Sea held from September 10 to 12, and free multilateral trade is at Fury from the light feet carrier has been called to stimulate the all possible, in the long run, Occan lost month, he and his exchange of agricultural

under a monetary system which thred companion planes were at rearch information and at the lacks automatie

effective tacked by eight MICs flying at. same time devise some uni-check on governmental cx- 3,500 feet, formity of method for recording travagance and political inter- Though the enemy were 200

of miles of miics an hour foster than the British planes, he shot ono down

information.-United Press.

Lynching Case

In Japan

Tokyo, Sept. 4.

ference in the direction economic affairs."

The Minister declared that two others were badly dam-

short of a substantial

increase aged.

in gold production, which could be ruled out under present price relationship, reserves could only

bo built up to adequate levels either by raising the price of gold by deflation.

or

As long as you can see the MIGS, you can cope with them despite their speed, ho said.

The British were surprised that the MIG were flying so "It would surely spell a major low. "I think they must have The police at Yokohama today disaster, # nations are

the

picked us up on their fadar,” he reported the arrest of five Com-sely on deflationary action to

said.-Router. munist Party members in con achieve the end which is so

nection with the lynching at tempt on one of their fellow- members whis eventually com- mitted suicide.

The police were not sure about the cause of the lynching attemp?, (dit bélieved that the party had ordered the fellow Communist to either give up his “Bourgéōl!" girl friend or die— Reuter.

鑷

to

necessary to augment their in Saigon Conference ternational liquidity.

"Past efforts to maintain the price of sold at an artificial level have cost the world dearly in human welfare.

Grath," said a Vickers spokesman.

The Viscount-40 to 53-pat senger seater according to type ---is being produced for British European Airways, who have a fleet of 20 on order,

Air France, Trans-Australia Air Lines and another airline company have already bought some-Reuter,

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MADONNA ORIENTAL

SEVEN MOONS A

Madonna

Seren

Moons

Salgon, Sept. i. 7, 8. CITY LIGHTS The 40-day Inter-State Econo-·

5, M. mic Conference, attended by 28

1 Sudan delegates and eight experts re-

W. Bicycle Thieves

Itings on Her Fingers presenting France. Vietnam,

1. F.

Come Fil 158 Coo We have reached the stage Cambodia and Laos, ended here

13, B. The Golden Madonas where certain currencies are today. The conference dealt again under heavy pressure and with questions inherited from the time seems to be opportuna the last conference held in Pau, for a worldwide increase in the France in 1930-France-Presse.

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