1953-05-15 — Page 2

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THE CHINA MAIL, FRIDAY, MAY 15, 1953.

In His Coronation Robes

la Bere, 'Bir

Sir. Rupert do The Lord Mayor of London, plctured in his Coronation robes at Mansion House, Rupert holds the Crystal Mace, possibly tho." Cily's ・ greatest treasure, which dates back to Saxon mès. It appears only iwice on ceremonial occasions annually, when it is handed over to the incomlar Lord Mayor, and at the Coronation of the Sovereign-Reuterphoto.

Coronation Broadcast

London, May 14.

on Livo commentaries the Coronation ceremonies to 22 will be broadenst countries of the world, the British Broadcasting Cor- poration announced today. Recorded running com- broadcast be montarles will to 51bther bountries.

The commentaries wil be given in 44 languages.

At least 1,000 stations all over the world have asked to rebroadenst

the pro- gramme--Reuter.

ANOTHER HUNT FOR FAWCETT

Canadian Dollar Returning To Normal

Status?

Ottawa, May 14.

There is every indication that the Canadian dollar will soon cease to be quoted at a premium over its American counterpart and that it will return to its more normal status of pgrity with or slightly under United States funds.

While it is not possible to get an unqualified prediction to this' effect from official government sources, bankers and economists are pointing to the trade returns for the first quarter of 1953 and inviting those interested to draw their own con- clusions.

.

For the first three months of has caused a new wavȧ of this year experts were nine optimism in many quarters. The per cent below the first quarter Canadian doller at a premiun of 1032 and importa were nine was a spectacular and shining per cent higher, for a net drop novelty. But it did not Help of 170,000,000 · lars (about trade. £57,000,000) in Canada's trad- ing account compared with the previous three months.

FEW WILL MOUEN - The consequent drop in the The movement of capital prize of gold as the Canadian another factor in creating a dollar climbed east gloom over of the great mining camps strong demand for the Canadian dollar in 1952, has been erratie. Ontario and Quebec which were In January, it was outward, beset by a stift increase in

ΟΙ purchases

costa coupled with &| with Canadian

operating

in Canadian funds, Excepting lower return, in foreign foreign purchases of Canadian for their product,

securities

recurities by 5,300,000 dollars (about £1,000,000), a contrast

Nowspriot

companies

whose

con-

10

A

For all exporters, a cheaper dollar would simplify matters by lowering cosis in terms of foreign currencies.

At the beginning of the year, the United States dollar was worth 07 Canadian cents. Now it is getting near to 99,"

to the heavy movement of contracts with American foreign capital Into Canada Sumers were written in terms of United States funds suffered which prevailed almost unin

sharp

reductions in incorne. terruptedly last year,

The tourist Industry had. This trend did not continue

of throughout February, however, grapple with the inconvenience

of discounting the funds moderate net and there was a

(about scores of thousands of American pocketing a sizable Inflow of $11,000,000 £3,700.000) due, it is believed,visitors or

a fetur to largely to a spectacular market loss. Tourist trade otheials de- furry in uranian thares which clare that even

dollar would be attracted world-wide attentionarily where a

a dollar on either side of the from investors.

would provide While there is no disposition boundary here to worry about the possi tremendous filip and make even dollar Greater what is already sized up bility of the Comedian

unac-18' a record breaking year. losing its exalted, if Torquay, May 14.

customed, position of a premium Plans are being made for

over the American dollar, the a new attempt to trace the reasons for the steady lip to British explorer, Jack Faw-wards parity are being thought- cett, who vanished with his fully examined.

SHARP DROP father, Colonel P. H. Faw-

In the dit quarter of the year, cett, and their companion, exports to the United States In-

Few will mourn the premium in the creased four per cent compared it and when it vanishes-Reu Raleigh Rimeli, depths of the South Ameri- with the first quarter of 1952. One

the aude account this was offset can jungle 20 years ago. by a ten per cent increase in imporis from the United States. Exports to the United Kingdom cant while were down 21 per impacts rere up 40. Canada's of the exporn with the rest Commonwealth were down 31 per cent for the quarter white

a like amount. Importa fell

Lordon, May 14. There was a sharp drop in the

The British Communis. Party balance with all other countries, imports being down three per today called for immediate pro- cant and exports boing 25 per tests from all gliters for

Democracy and opponents He continued, "When we fly cont lower,

of London, May 14.

Govern- Much of-inst year's strength | Fascism" at the Bonn The Prime Minister, Sir Win- over the Indian villages natives

Canadian dollar came ment's move to ban the party in ston Churchill, today visited his will run out. They are extreme-in the

Foreign Secretary, Mrly curious and if a white man from the profitable movement of West Germany.

It described the decision. We shall drop a nad

of vast tennages seck authority for the ban be- out, too. Sir Winston Churchill one.

the export age in something

kc Jack a ta

fore the Federal Constitutional of of the first visitors Mr Eden has me

message In

basic

raw materiais

Court on June & as "yet another received other than Mrs Eden can asking him if he is

strategic stockpiling. since his second operation on Fawcett and if he wants to be

It is considered here that I step on the road to open Fascist- April 20.

taken out. We shall also ask the world situation permits the military dictatorship, by the old On Monday the Prime Minis if it is safe to land by helicop-stretching out of rearmament pro-Nazi milltrists. ter, who is acting as Foreign ter or approach by land, and we schedules, there may be

denounced some The Party

Dr Adenauer's all- Secretary in Mr Eden's absence,

Democratic measures and war told the House of Commons that

foreign trade account: he hoped to continue to take

While the situation has caured pkns and called on all laboar charge of foreign affairs.until

officials to study organisations to fight both the Government Mr Eden's return to work

frends

the threatened ban and "attempts to cartfully, "Beveral months' time."

the build a new Nazi army.”... decline in Canadian dollar Reuter.

Churchill

Visits

Anthony Eden

Fawcett's

brother younger Brian said that next year he intends to make an aerial search of the Matto Grosso area,

"There is a chance and I pul it at no less than 100 to ond- that my brother is still alive," he said. "I cannot be satisfied until every chance is investigated.".

CARON FERRER AUMONT GABOR KASZNAR TECHNICOLOR Anthony Eden, in hospital, is living with them he will run a tremendous quantity of grain

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Usually well-informed quar ters do not expect Mr Eden back at the Foreign Office before October-Reuter.

Taipei's Version

for

British Reds' Outburst

hope the reply will be traced further temporary losses in the Konrad out on the ground"

Brian Fawcett recalled that during World War II a strange story came out of the Matio trade Grosso which caught his atten- prospects of a tion." It was during the days value of the

States had when the United

tremendous quantities of rub- of ber flown out from some the more remote parts of the Jungle.

in

the

Talpei, May 14.

on Ccm- Willie Angel, an American A 170-page book munist-occupied Ching was put "bush pilot" reported that walle on sale in Taipat today, The collecting his cargo volume contains 27 ank-Papajez River districts he was by told by men there of the Indians contributions Commmist

came and traded theh Government ofleials and Kuo- who mintang members, France-rubber. They were led by a big white man who they regarded as king.

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Santa El mat

2.

Fawcett said, "My brother was six foot three in height, He wrote to Wille Angel, but his plane crashed and he was killed before the letter renched him"United Press.

EVATT SUPPORTS CHURCHILL

Sydney, May 14. Dr Herbert

"the Evatt, Australian Labour opposition leader, said tonight he welcomed Sir Wiccion Churchill's call for bly power talks

If talks had been held earlier much bloodshed right havd been avoided, Mr Evatt told reporters before leaving for London by air to attend the Coronation-Reuter.

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