1953-01-02 — Page 2

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SHOWING TO-DAY

KINGS MAJESTIC

RAY BOLGER

In

Warner Bros

all-time

marvel of merriment and

melody

AT, 2.30, 5.15, 7.20 G 9.30

He's

Here

Where's Charley?

TECHNICOLOR

P.M.

THE SMASH

STAGE-HIT

EVEN HAPPIER * SCREEN!

ON THE

ALLYN McLERIE 324 MONKO, JR. DAVID BUTLER

PRINCESS

EMPIRE

TO-DAY

At 2.30, 5.30, 7.30 & 9.30 P.M.

FRANKIE

LAINE

Walkin'-on-air fun

and songs

as a Hollywood star is born!

RAINBOW TECHNICOLOR

BILLY

DANIELS

ROUND MY

CHARLOTTE

AUSTIN

SHOULDER

ROXU

by BLAKE EDWARDS

and RICARD 14K

Praca by ONE TAPS

CHISS DUNE

A COLUMESA PICTURE

ARTHUR

FRANZ

Rainbow "Round

My Shoulder

Ain't Misbehavin"

Bye Bye Blackbird

She's Finny That Way

Wonderful, Wasn't it? Wrap Your Troubles In Dreams

SUNDAY 4th JANUARY '53 SPECIAL MORNING SHOW

AT 11.30 A.M.

Gian Singh & Co., Ltd. proudly present "USTAD PEDRO"

THE CHINA MAIL, FRIDAY, JANUARY 2, 1959.

Ballet Star

In London

U.S. BANKER DRAWS UP

French prima ballerina Renee Jeanmalre arrives at Vic- toria Station, London, to attend the premiere of her first film "Hans Christian Andersen" at the Carlton Cinema. Renee took over the screen part from Moira. Shearer as the latter was going to have a baby, — Express P'bolo.

Defence Official Critical Of

Arms Production

Washington, Dec. 31.

Defence Mobiliser Henry Fowler declared on Wednesday that there is "urgent need" for better integrated military production in the NATO coun- tries.

He gave as his personal opinion that one way to bring about a "more satisfactory long-range structure for the NATO defence effort" would be conversion of American military aid from ship- ment of finished goods to financing of European arms production.

Balance Still Possible

London, Dec. 31. Britain's deficit for the first nine months of the Banclat year smounted lo £50,080.067 — two and a half times as much as last year, the Treasury nounced tonight.

But financial observers agreed that Britain still has a good chance of balancing her books by the end of the linanelal year on March 31,

1953.

The greatest volume of In revenue always comen during the final quarter.

Revenue collected during the first nine months totalled £2,012,040,372 acainst

expenditure of £3,112,931,439.—Reuter.

Fowler's recommendations were contained in the eighth quarterly report on the United States' defence mobllisation effort,

The current report covers the period October-December, 1952, Discussing the Atlantic-al llance, Fowler said NATO coun- tries have laid the foundation for mutual security during the past two and a half years.

SCHEME FOR EISENHOWER

Encouraging Investment By U.S. In Europe & Japan

Washington, Dec. 30.

General Eisenhower's new Administration has received a report calling for a drive to en- courage private United States investment in the industrialised countries of Western Europe and Japan.

These countries could then export capital to the under-developed areas of the world, such as Asia, Africa and Latin America, the report said. It declared: "Unless the international movement of capital is restored in this sense, the problem of pro- viding the under-developed areas with adequate out- side capital will not be solved.”

The report on a programme He said that overcoming the for increasing private Ameri- dollar shortage will "enable the can investment overseas was froe countries of the world to prepared for the Mutual balance their international ac- Security Agendy, the Depart counts and to restore, converti- ment of Commerce, and the blilty of their currencies on the Technical Co-operation Ad- current account through in- ministration of the State Decreased international trade ond

partment,.

Investments."

The report seid that private He said that such an eventual- American Investment including jity will reducó "and" ultimately re-investment of disaiaga venged terminate" the need for economic from $400.000 In 1048

$1,700,000,000 In

the

Most of the

to aid to foreign countries from the United States, He cited American

WET had since Investments abroad as a good way

ald

in oil and to reduce United States mining In the Western hemlabroad and to calarge the ex-

sphere and the Middle East,

change of commodities but noted The 40-page report was drawn that an "extreme economic policy up by Mr August Maffray. Vice- is not likely to attract forelign President of the Irvine Trust investors."--United Press. Company of New York, who was formerly Vice-President of and economic adviser to the Export- Import Bank,

TOTAL DIPLOMACY

3r Maffray told a Press con- ference yesterday that the repert was already in the hands of the new Administration,

The Point Four Programme of technical assistance to under- developed areas of the world in the fields of government adminis- tration, public health and

agriculture should be continued, the report said.

New Delhi Relaxes

Import

Restriction

The report recommended that

New Delhi, Dec. 31. all agencies of the American The Indian Government an- Government, including its delega- nounced tonight a more liberal tions to the United Nations, import policy for the first half should join in an effort of "total of 1988. improving the climate of invest- d.plomacy directed towards

The Government Gazette said ment in friendly foreign coun- this was made possible by ex- trics.

pectations of reduced · Imports This requires a variety of of food, cotton and jute next methods among which were the year and the stable foreign ex- collection and dissemination of change position. Information such as that done

by the Commerce Departement There, in broad outline, are and the Mutual Security Agency. the main trends: --Router,

ECONOMIST'S VIEWS

}

A few items, like ball bear- Ings, and power-driven duplica- New York, Dec. 31. tors are. dropped from open A solution of the world-wide general licence and quotas dollar shortage by the Republican fixed. Administration would.contribute to the defeat of Soviet Somo formerly restricted Imperialism, 1 consulting Items like Infant foods, drugs, economist said today.

medicines, and writing and Dr Marcus Nadler called the printing paper, because of large present Yet

international political internal stocks, despite considerable

economic economic and political strain thus and

the liberalised. accazioned "one of the most most serious problem con- Small quotas were fixed for striking facts about Western fronting the new administra-items banned cartier, Europe is it potential for for tion."

chocolate, biscuits, confectlantry; International peace would be playing cards, greater economic strength and

fireworks and development he commented. assured if the Elsenbower re- perfumed spirits, In order to Fowler said "there is an gime can meet this "great set standards for local manu- urgent need in the period ahead challenge" and provide a work-facture.

The He

situation

uro

now

to achieve a more satisfactory able solution, the economist said

Import of some items is long-range structure for the in the first of two reports on restricted because of increased NATO defence production effort the "New Administration." local production, like umbrella which will integrate the milliary

sald that the "dollar fittings, light bulbs, Iron and production of participating coun- shortage problem remains steel structures, textiles and tries to the same degree that acute" despite pillons of dollars juto machinery. military forces are being unified spent. by the United States

A Commerce Ministry spokes- -and through that means assist abroad since the end of World man told a

conference In increasing total production."

a hows War 11 and the industrial re- that no substantial Pointing out that he was set-covery of Western Europe and India's foreign exchange posi- chango in ting forth his personal

views

of Japan.

as a result tion is expectable SECOND FREAK which have not

He said that the United States of these oilleiul United

which he changes, States policy, and its allies must find a new described as "adjustments" duo to the improved position else- where.-Associated Press,

Fowler sald henceforth ACCIDENT

military aid should be directed oach to solve the problem based on ""strong measures," at creating a a defence production

Involving even Melbourne, Dec. 31.

complex in Western Europe cap-sacrifices." For the second time in a able of turning out the military

"risks

and

fortnight a dying whale has torn equipment necessary for Euro- bility. De Nadler stated that the World's Largest

Speaking of currency converti- time is "propitious"

at present

the blade of the propeller of peun NATO forces. whaling ship and forced the

Ho said he expected theto lackie this problem boldly, vessel into port.

establishment of a European De-not on the basis of restricting. fence Community will provide imports as was done often in the an opportunity for a change in past but rather on brood founde U.S. policy along those lines. tions which would assure fu- United Press.

creased interchange of COM- modities between this country and the Sterling Area,"

The Southern Archer, 439 tons, with its Norwegian Cap tuin Einar Jacobsen and crew of 19, was in here for repairs to- day after losing a blade in the Antarctic 10 days ago.

Her sister ship. Southern

Rider, had to go to Durban a France's Population

fortnight ago for similar repairs. -Reuter.

Paris, Dec. 31. The population of France will be 43,000,000 during the coming COMING TO THE year, according to the National

Institute of Statistics.-Reuter,

Empire-Liberty

POP

ENDING AID

Oilfield?

Edmonton, Dec. 31. Development of what may be fields in the world is to begin one of the largest potential oil-

Immediately, Overland Indus- trial

Limited of Edmonton

D. Nadler called sterling one announced last night. of the principal key currencies" The company said that it had and said that once it was freely obtained oil reservations cover- convertible

the currenting more than 800,000 acres In acount other major currencies the James Bay basin of Northern

הם

will soon follow",

Ontario.-Reuter,

AT 2.30,

05.15

7.2009.30 QUEENS ALHAMBRA 7.30 9.30

'P.M.

TO-DAY

WORLD

STORY

M.C PRESENTS THE TRUE OF THE MEN: WHO DROPPED THE FIRST ATOMIG BOMB

M-G-M

AT 2.30, 5.30,,

P.M.

PREMIERE

ABOVE AND BEYOND

ROBERT TAYLOR- ELEANOR PARKER

ENOLA

POXY BROADWAY

SHOWING TO-DAY AT 2.30, 5.30. 7.30 & 9.30 P.M.

Pony Soldier

TECHNICOLOR

TYRONE POWER

SAMUEL ( ENGEL - JOSEPH IL NEWMAN

By

JON E. HEIGHTS

ORIENTAL

AIR CONDITIONED

SHOWING TO-DAY: 230-5.30—7.30 & 9:30. P.M..

A DOLL WHO'S PLENTY. CUTE AND VERY FLIRTY! İYOU'LL BE LOOKING AT GAY GARTERS GERTIE..

THIS IS A STORY WITH A LOT OF TWIST!

Warner '»

Shes

Working Her

Way Through College

BRAYO✩ REAGAN ✩ NELSON

து.

The best 1951 Indian thrilling costume picture with

sweet music and captivating: dances,

Starring

BEGUM PARA .SHEIKH MUKHTAR SAPRU, SHAMMI,

ALED QUINNERS

JOAN GREENWOOD

CÉCIL PARKER

THE MAN IN

THE WHITE SUIT.

What a card i

CHINESE OPTICAL CO.

EYES TESTED FRAMES FITTED,

Hongkong ones: et queen's ná, C. Kowloon Omer: 210, Nathan Rd.,