1953-04-27 — Page 9

THE CHINA MAIL, MONDAY, APRIL 27, 1958.

RAISING ASIAN NATIONS' PRODUCTIVITY Council For Technical Co-operation Making Outstanding Progress Concentration On Setting Up Of Training Schools

(FROM OUR OWN CORRESPONDENT)

London, Apr. 26.

New trends in the method of training Asian engineers and technicians are discernible in the latest report of the Council for Technical Co-operation, a body which plays an important part in the Colombo Plan. The Council now attaches more importance to Its activities in connection with the setting up of local technical schools and colleges than to its function as a medium for the exchange of trainees and experts between the countries of south and south- east Asia and the Dominions which are sponsoring the plan,

This is a logical development in a scheme the "chief object of which is to train millions of industrial "NCO's" to maintain the machinery and plant that is needed primarily, to assist in the expansion of food production in the Colombo Plan

countries.

Cotton Quotas Forecast

Washington. Apr. 25.

and import situation,

J

to Commonwealth

It is clear, moreover, that the confined "Colombo" countries themselves countries.

Severni other prefer to hove their own countries in the area covered by nationals trained than to call on the plan have overcome their the services of foreign experts.initial reserve and

For every

application they | toking an active part in the Joint

make for

a visiting technical development work, consultant. they make five for places in the Dominions for their own trainees.

поп-

are now

UNUSUAL PATTERN

During 1952 Burma and Nepal

unusual

technical

Mine Industry Industrial Share

Worried

Mexico City, Apr. 20.

Peace in

leave

Industry

condition,

Korea would

Mexico's

vith

predicted todd

•

mining

critical

aft

They said that if hostili- ties cease in the Far East, the U.B. may

cut down

its purchase of Mexico's mejals for war production and civilian demand will

not be able to take the slack.

the prices cause

Also they said, a Korean peace would force down of metals and depression Mexico's mining Industry.

United Press.

+

MALAYAN

RUBBER

OUTPUT

In

П

Boom Of

Short Duration

LEROM OUR OWN CORRESPONDENT)

London, Apr. 26. The post-Budget boom in Industrial shares on the Stock Exchange was short-lived.

Second thoughts on the tax concessions mingled with the renewed "peace" doubts to bring about a sharp reaction last week, with the result that equity prices generally are now well below the level of two weeks ago.

HONGKONG

SHARE MARKET

The London market has been' under the influence of Wall Street, where stock prices tavo continued the decline on tears of recession in America it and rearmament production is slowed down.

The

assurance given by Mr George Humphrey, S:cretary of the United States Treasury, that there was no reason to fear that peace would be followed by a depression, brought the down- ward movement of prices to u

(From Our Correspondent) temporary halt. Singapore, Apr. 26.

But what he did not say was

done on the Stock Statistics show rubber pro-

that duction in the

there

would be no curtail Exchange this morning amount- Federation of Malaya in March to have been ment of Americon rearmamented to $323,140, Noon quotations.

the morning' trans- only Blightly

then spending in the event of higher February when the lowest pro- cenational tension and, since it smARES DUYERS BÈLLERS Sales

of the inactions: duction for several years was s recorded.

assurance that in-

Slight Increase In March Figures

The United States look more rubber from the Federation las! month than for some time - gearly 10,500 tons making a total of almost 26,000 tons since January.

Was

relaxation

this

on

and

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This aspect of the scheme is Joined Cambodia and Vietnam as still of major importance for, as non-Commonwealth members of the Council points out, there will the Council for Technical Co- always be room for exchanges of operation. A Government economist (old experts and trainees as there is

Indonesia became a member the Senate Agriculture Commit-and always has been between last February and the Philippines tee that the shrinking export even the inost highly developed and Thalland, though not market for cotton may bring countries.

members, have been represented marketing quotas and Berenge But the need is not only for at many of the Council's meet- allotment next year.

highly qualified specialists. It is ings. Frank Lowenstein, economic Just as important to ensure a

these countries have sta Uutician of the Agriculture steady low Into the factories, received assistance under the Department, said the two chief farms and schools of the medium

scheme. reasons for the amall export and lower grade technicians, the On the financial side

the market are a larger supply and agricultural extension workers, scheme hos set an lower prices of foreign cotton the teachers "and the whole fashion in Government spending

A total of 43,780 tons was vestors really wanted, stock FK Bank plus the continued shortage of range of

March by falling behind its expenditure produced in commissioned

against prices began to fall again. dollars and gold in cotton in-officers in every branch of in- schedule.

42,502 In February, an increase

This pessimism on Wall Street porting countries.

naturally had its effect on senti- dustry and administration."

It was originally planned to of 1,218 lons. The Committer

The And the men is reviewing

who will be spend £8 million on

fotal. production

of ment in London,

Just before the Budget, in- the generat agricultural export needed in milions to all these assistance within three years but rubber for the Arst quarter of

this year is 141,211 tons which dustrial shares middle ranks can only be trained with a few months left to do is slightly more then for

improved A. W. Palmer, hend of the la their own country.

only £1,300,000 had actually

the expectations of tax reliefs and,

when

these hopes were confirmed, Department's Cotton Divistart,

been spent or committed by the same period of last year. TAKES TIME

prices were marked up sharply. poluted out that world con-

end of last year.

GATHERS MOMENTUM sumption, even though now at

Dealing with this problem the

The rate of spending, however,

Before the end of the week, fuster was much

than in the high levels, is not keeping pace Council points out that it takes

however, the market began to previous 18 months when only with production. Foreign colton time to develop the necessary £400,000 was used.

show definite signs of faltering. production which underwent training establishments,

Last week, with investors re- long on drastle decline in war- But, it warns, "unless the jub SCHEME EXTENDED

Britain was the next highest luctant to commit themselves time, has now recovered to its Is taken in hand as a matter of

importer with nearly 9,000 tons. until the situation

become prewar peak of about 20,000,000 urgency, some of the projects now The scheme has now been ex- Other large Importers during clearer, the downward movement holds, he said.

being started up may wither away tended for a further three years March were France 2,600; Ger- of equity pricez gathered He estimated international through lacis of trained men at with the same provision for ex-anwhile, the monthly

and Italy 1,100 tons. momentum. trade in cotton this year at 11.-all levels to sustain them."

penditure.

re- As a result the Financial 000,000. He put G. S. cotton A start has been made, how- Under the 1950 arrangement port of the Labour Department Times'

Index fulshed

three exports this year

and Pakistan, the at 3,500.000 ever, in India

the schemo was warned that

"honeymoon points lower on the week and bales

as compared to 5.711.000 where work has already come divided between various Com- (with book prices) is now de- two polala lower than the week-

Anitely over." in the past year.

menced ou a number of technical monwealth countries as follows:

end before the Budget. Since 1936, Lowenstein told schools.

Ceylon £400,000; India £750,000;

Gilt-edged prices, on the other The Indian the Committee,

Institule the population

of New Zealand £400,000; Pakistan the rubber slump was evident

over the whole country during band, have gone from strength INDUSTRIALS of foreign countries has in-Technology at Kharagpur is an £101,290.

how Australia and the

March. Small properties were to strength. Even the announce United cressed from obout 2,000,000,000 outgla cxample to 2,800,000,000 people, but totai

co-operation works Kingdom undertook to provide being put on a care and main-ment of the second issue of £125

tenance basis in

million of British Electricity 4% Increasing per cent stock at par countries 35 per cent each of a total eum cotton consumption is about the taking part in the Colombo Plan, not exceeding 28 million.

numbers.

Dairy caused no same as in 1938.

Trade of all kinds

nore than a a temporary setback. was thore In this case the United King- The Canadian contribution is Consumption of cotton

slackening off. Shop proits It was no surprise, therefore, Pedom has supplied £34,000, worth voted annually and amounted to person in the world outside the of machine-tools, and an expert $400,000 for each of the first two

were down and retrenchment is that the issue was a success, U. 5. has decreased on the ever has been sent from the Rolls-ycars.

becoming evident.

Despite some "stag" selling the about 11

The rubber estates had also new. stock shows a discount of 11 per cent. Foreign

Royce factory in Britain to help consumption of-all-bres per act it up.

The Council's report has been been hit during-March-by the only one-sixteenth after the frat an encouragement to those whose bad weather, it added.-United day of dealings.

international

co-Press. operation has received àome severe jolts in recent years.

A GOOD START

biso has declined, he

pe The biggest drop was

in Aslu which lias more than half the people of the world.

between the various

of

BRITISH PROMISE In Pakistan, plans are being Lowenstein attributed this to laid to establish a number of low purchasing power,

technical high schools. An ex-

fatih

cost of

In

Read R. Dunn Jr., Director of pert was sent out from Britain the Foreign Trade Division of to advise on the project and, in need to help south and southeast

the Nationel

The emphasis placed on the

Asian countries to help them- Te selves is particularly welcome.

The sums involved in the Plan fall far short of needed to bring the rate of

the of his report, the United Cotton Council, Kingdom Government kans pro- also commented that "the level mised to provide the entire

of purchasing power is really equipment for eight new schools

the most important

aspect of nut to supplement the equipment's in this area up to

Increased Acreage For Tea?

these workmen

Kingdom Governinent.

Projects of this type are likely

but

tho

It said the general effect of

/

Rally In

N.Y. Cotton Futures

well plantel in Asia today, it will New

to play an increasingly important Cost Would Be

part in the activities of the technical co-operation scheme.

But the bulk of the Council's work still consists of supplying experts and Anding places in the permit, Dominions for Aslan trainees.

London, Apr. 20. Tea-growers in Malaya plan lo Increase the acreage under crop by planting newly-bought land

conditions as soon states "New Commonwealth."

Much Higher

New York, Apr. 20.

York

In futures trading, a further

factor sustaining

Was the arrival of the first notice day, for tire nearby May delivery on Friday. Traders noted that 801 notices were issued against the

A GOOD WEEK Elsewhere in the markets prices have moved according to Invertors views on outside events.

Gold shares have had a good

ond there has

been

nt demand for shares in

companies with

South African uranium interests.

This was checked on Thursday | following Dr Malan's speech at- Lacking "concentrations of monetary power in the Union," but prices tended firmer before:

week-end.

the

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Buying Movement Develops.

Tung Oil Price period,

In New York

move-

the cotton export problem." at a school already established In Western levels

He added that he is much Kornchi.

a promising more concerned about competí- In Ceylon, senior secondary start has been made.

New York, Apr. 20. The task which the sponsors of ilon of synthetic fibres in the schools are to be equipped with

A sudden spurt in textile

New York, Apr. 26. the rest of the world than com-workshops to give students some the plan has set themselves is to buying helped pull the cotton

The development of à sudden market out of ti petition of foreign cotton." practical experience in handling raise productivity in the countries futures

concerned,

It has been a mixed week in and broad-scale buying and in tools and machinery.

this the developing slump last week. Associated Press.

The Government of Australia playing a leading part.

technical co-operation scheme is Losses taken carlit. in the commodities, with shares re- ment in cotton print cloth yum fabrics monopolised attention week were wiped out in a intelecting the movements in marke: bas agreed to supply wood-

last week in the basic textilo Manchester rally For 113 the

which resulted in a netus lead-zines have shown Abre markets. working

for 50 of

Guardian" hos observed, "if the and light metal tree of technical knowledge is period.

gain for the Ave-day trading

Futures prices on the drifted lower.

improvement búf the some

In one of the biggest selling equipment for another 29 at a

days

since last Autumn

Worth cost of A£19,300.

cotton

enging versely affected by expectations were

Copper shares too were ad- Street merchants on Thursday

flooded A request for similar assistance produce thousands of healthy posted, net advances

with buying bajc, + trom 20 cents to $2.50 is being considered by the United seeds tomorrow."

of lower selling prices for the orders in the face of a rise of traded The heavily

nearby metal. An announcement to this lo 4 ont a yerd in prices. May contract set the pace for

effect was, in fact, made during The movement the Onal aptum after dragging the week-end,

was surprising most observers since the the market down. It emerged on

market normally now begins to Friday afternoon as the week's

enter the seasonally qubet best performer.

How much busintes actually was booked became #1 moot accurate question but usually It would cost more than twice

sources said it would be safely "There appears to be an

as much lo build the British

put around the 60,000,000 yard CEREIN future

When experts are engaged for Comet III in the United States May delivery. Prompt stoppage Prices in the seeds and oils figure. In the Federation," the

their duties as it does In England, James of many of these notices re-market here closed unchanged

Other divisions of the cotton periodical adds, "and estate-specifle projects

in often include the training of Barton, chief cost accountant sulted

extensive covering owners are interested in making local personnel. Sometimes they for Boeing Airplane Co., extimal which, combined with the spuci

with the following exceptions goods market, however, re- Tung Oll, in tank cera, f.o.b.mained in the doldrums. Cotton the most of their opportunities."

In 1942, tea production in the have even been asked to take od.

In textue sates gave strong New York per 15, 1344 cents yuri activity also remained at

minimum 'with spinners anxious He sold the speedy new jet support to the futures market. asked. Federation amounted to 1.24

the order backlog. Flax Seed, per bushel, f.o.b. ta forlify visited transport would cost about $3.2 The market Last year, despite million lb.

Minneapolis $3.77%.

granting concessions on sumo the million if built in the United on

forward delivery. New York Peanuts, Virginia. numbon bilster bilght disease which first modernisation of telecommunica- Slates, compared with the $2.3 / support from the export situa- tion, however. While exporta appeared In

1950, production|tions training establishments his milllon Pan American World of U.S. cotton climbed to Medium per lb. fo.b. shipping Hand bres featured the firmer reached 3.68 million lb.

22-224 cents Unlled trend in Philippine hemp The Orst large-scale planting now been invited to return for Always reportedly is paying 01,900 bales for the week ended point

prices. of tea in Maloya began soon after two years to put his recom- for them. Higher labour and Tuesday from 17,000 the pre- material costs would make the vlous week, the total was sili

British East African Bisal cased in the Cameron Highlands was mendations into effect.

of slow demarki Meanwhile, requests for places MICE, Barton-

face

·Gald

than half the 135,000 bales less opened for cultivation in 1028,

4 million price has been shipped out of the country in

with Brazilian cloth capturing In addition to estates in the in training schools abroad con

with the comparable week fast Comerons, others have been tinue to dow into the Colombo mentioned in consection

Rayon grey goods prices held at opened in Kedah, Selangor and headquarters of the Council for the ne jet sports being year. Total experts

around the recent" "lovels, a designed by Dougies Aircraft Co. current season

though briters noted an im Hocing is building a prototype jet transport and social tanker

proved interest for some types of it com, but has given no hint

of mun fabrics Unlled Press. of the price Associated Press.

Business Failures

for tea-

REQUESTS CONTINUE

on

full-time

Оле

Pakistan to

expert

training who report

job.

Technical Co-operation. Perak.

In 1952 the number of such Soll and climatic· conditions are favourable and Malaya's tea requests increased to 720. Pisces industry is now becoming in, were found for 618. creasingly important.

The

report gives numerous examples of the way, all 'Com- monwealth countries are com

derived little

for the were estimated

until

Preas.

New York, Apr. 25.

Rubber Futures most of the available busines

In S'pore

0914-11

by the New York, cotton ex- change at 2,399,000 bolts gatest 4,806,000 year earlier.

Singapore, Apr. 25, Prices of rubber futures The exchange said that if ports for the remainder of the closed today as follows:

Number 1 rubber. July current season (le. unt

pas 1b, May June Now York, Apr. 20731) equal the year ago level, an

export total of 9,180,000 bales Number 2 rubber,

July would be in prospect, and that there are indications, the total Number may reách, 3,430,000

May bales. This

Numb compares <with lithoautost estimate of 3,600.000 dolés: an- Spot nounced by the Department of anket

No. 1 pal Agriculture-Ampciated Press.

Use Of Synthetic operating in this scheme, Train- VAA New York, Apr. 20.

Ing facilities have been given by U.S. commercial and industrial American consumption of countries as widely separated as failures increased in the week synthetic rubber reached a record Canada and New Zealand and in ended April 19 to 105, from 14 of 76,148 long tons in March, up subjects ranging from baklós: to: Jn the preceding week and, com obou 10,000 tons from the dentistry,

pared with 88 in the like week Technical assistance under the a year ago Dun and Bradstreet previous peale attained in January Associated Press. Colombo Plan, however, is not | said, Associated Próda

Exchange Rates

jundindal (exchẩn"

morning, at-thuy following:

¡US dollar: (pk

isterling note

Indonesia

Slam, ticals

Tel. Nos. 36066-9

Chinese Freight Booking Office

Tel. 20461

Dates and rotation subject to change without notice.

At liberty to proceed via other ports to load/discharge cargo,

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