1953-10-19 — Page 2

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THE CHINA MAIL, MONDAY, OCTOBER 19,- 1953.

British

They Got Round To It At Last

a

Sydney, Oct. 18. Mr (de Pleion, 83, of Strathfield, fectived medal, and A Klier DI thanks fromu "the people of Cuba" for having lưught with the Ameriena turer that liberated Cubia from the Spanish in 1898.

"You could hayz knocked me down with a feather," be commented after open- ing. the bulky parcel containing his decoration And citation.

An Englishman, be bas

In been

Australia nince 1910,~China Mall Special.

Eventful Session Of Parliament

Opening

To

Ability Increase Exports Will Depend

On American Economy

(FROM OUR OWN CORRESPONDENT) SIMPLY A

London, Oct. 18.

- Mr R. A, Butler, Chancellor of the Exchequer, had heartening pro- gress to report to the bankers and merchants of the City of London last week.

Confidence had increased in the stability of our curréncy, he said, and the sterling area's reserves had been strengthened.

Production in Britain was rising and the freedom restored to manufacturers to buy many of their raw materials at work prices had improved their competitive position.

But the Chancellor altogether happy about the ex- puar situation, True he sati, that the att..ck en inflation har eased the pre--ure of hom; it Imand on our restaurves and given liercased flexibility in. British

exports,

But, he stressed, priority is in earn Coversons Trade,

our first more, from

The need for this a clear. Me

The Forloral Clovernment alos, | 11 waps, ka spending over all $72 billion in the ver ending June 30 next. It will spend a least 598 vilken in the year beginning July 1. 1954,

STRONG INFLUENCE "That is a cut in spending,! ; A admits, “but it is no go that the bottom is falling out"

Butler revealed that in the Bestment debt, the publication goes

half tansl

payments surphis current, account of £30 million, including Amerivan tud

A "yost and citing" Govern-

on, means a continua large

Prices

Congressman

On The Warpath

Caleutta, Oet. 18.

24 of 1953 the United Kingdomly of meties and consequen:- |repatriaton of prisoners of wor India's stand in Korea on the

ebrap Torrow.ag Tate 1990s. strongly eriteised in million of Mireng inficence against staiden | Calcutta forlay by American Lofsdon, Oct. 19.

cp severe deflation

Congressman Leroy Johnsou, of Foreign politics and

For the who at lart per the The pubhenticati Dist. ather California. Colonial issues will com-surplus was £270 mil.

Prisons why it does not lievel Mr Johnson, who heads a rub- mand the Parliamentary plamed,

This lower rate Me Butler ex-a Xvere vleissen i en tap way: gemmitee of the House Armed

was newly duo tu

will Butter Serviess Cominiitre. 15 on a ilmelight on Tuesday when higher imports in the dra haif Arican fulmi incones,

world tour and has just com members meet for the first for 1853 comparest with the second! Pensions will bolster the in-pleted the Far Eastern leg. time after the three-month that of last year "when we were comes of older people wing retire. He said: "It is the funda- summer recess.

feeling the full weight of the|

Unesaployment instance will mental right of a prisoner of the shock for war to agree to be repatriated absorb some of

uy who lose their jobs.

For not, and if he does not want Bong-tam amortis, i mortgags to return home, It

up to him courts.

could not Congressman All this is, no doubt, reassure understand why prisoners were Bul, it should be noted, forced to bear what he described the publication does not com-us Commuulet propaganda OF inent on the possible effect of a cecreion. decline from the present high hevel

He hoped that a permanent activity on overseas cennomies.

[ American business truce woulet be reached but added that for two years pro-

had been

by stopped Kress "delaying tactles and deceptions

who

The Hease Txi Commons import cuts and also producing ExpeŇA M Oliver 14ellene noted that Britain and her Cornial Secretary, to give a son sterling at a parine's head "not will crestiny #galust at wave of a Will sure place of refuge

statement ran the glanlion in Brich Gutara, where Sir Altres done so Savage, the Give ner, last week anted to suspeal the Const Itu fon And forestnil on alleged possible Сотлити стате

Multe a

badly

in the third quarter when the gold reserves ruse by $119 million in the face of the adverse seasonal trendt,

NOT ENOUGH

"But this is not enough, continued, "Remember that more than 25 per cent of our national income is earned overseas, Our! exports have been keeping up!

The Governicet in White Paper on Tutstay the hudory of overba derdƐng up to the death of tops to the Chioty unhe deaving of Dr Choldi Jaga Mie Prime Minis-but we must do much better if from the inflationary era (fog, and oder Milfsbers.

Many members of the Sochin Opposition are puxists that the Bish Gulana situa1⁄4on should be debated in ful pressible meenant.

Parliament

we

position of

is

له (4)

EFFECT ABROAD

The

AR IL says is that the shitty

the Communists, of the

Dave

Attle

Wall

effvet

to fight our way

puppets of the Soviet Union. 0912 ile Also ericised Britain's of safety.

America's economy. This

with Coin- policy of trading IS π fomillar Dut

But this is a real conselationmunist China and, on the other nonetheless necessary the earliest The balance of payments surplus stressed that a recession which received from supplying China, warning. For it has been repeatedly hand, fighting China with money will be reassem fer fou small if Britain is to may pass

almost unleed in France-Presse. achieve three aims she has set America bling within 24 hours

could of the

have 样 Very herself: to build up her reserves, serious effect on countries which conclusion of the Lordon con-

to reduce her foreigs debt and to export to Amerien.. ference of the Western Foreign Ministers.

play her part in the develop As The Economist pointed out! Members are already express-ment of the Commonwealth.

earlier this year in widely- ing the hope that My Anthony According to

the Govern disgusted survey entitled "If Eden, the Foreign Secretary, ment's own estimate this wond America Slumps," a fall

require

enntun) 11 will choose an early moment to

payment: America's real product of about say something about these talks, surplus of at least £300 to £350 hour per cent would be regarded

Anxiety over the Trieste di million.

by many American businessmen pute, which has recently flared The sad thing is that just asj

readjustment and as a healthy up between Italy andi Yugo-Britain's recovery from the crisis not a genuine recession. slavia, will be reflected in ques-of 1951 seemed assured a new But the last time there was an unpremeditated fall in the real value of America's

BIOES

tions to the Foreign Secretary.- China Mall Specul.

Ceylon May

Introduce

Television

on the

has appeareti danger horizon-one that could easy

her economy.

Colombo Plan Through Russian Eyes

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SHOWING

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for

London, Oct. 18. Britain has been forced be upset the precarious balance of natiount prdnet by fentr per

cause of the "armament race" cent,

America's Imports feil

United to ask the SITUATION IN U.S.

Slates to Thy 36 ptr cent, the value of its help finance the Colombo Plon, The question. briely, isports from Britain fell by Moscow Radio said today, whether America is due for a per cent and from the

overseas

(The Colombo Plan is a six- resessien-and, if so, how soon sterling ares-br-50-per-cent.

Commonwealth Year Briti at how serinů-ly,

Event in 1919, when the U.S. project, expiring in June 1957 Mr Butler appeared to have gross national prxluct merely and costing £1,808,000,000 this question in mind when he ceased to rife, Imports from the the developmant of South and addressed the City bankers and United Kingdom dropped by Southeast Asian countries.) merchants.

ver 30 per cent and those from

The Radio reported the meet- "We camcz farcea t with the everscas storing area felling In Delhi of the International certainty what trends, winds or by about 15 per cent.

Consultative Committee on currents we may have to meet-

Furtunately, though. the Economic

Ald to South and ood or bad," the Chancellor British Government is well aware Southeast Asia which ends

of all this, If thags should turn Monday to discuss the Im- Colombo

A source said the discussions great thing is to keep up and of how we shall deal with that the meeting.

with

with

1

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ONE OF THE TEN BEST FILMS OF 1952 THE MOST AMAZING PICTURE EVER SCREENED!

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on

Colombo, Oct. 18. A representative of a British radio firm is coming here shortly to offer the Ceylon Government said. facilities for the introduction of "But we can make ourselves against us, Mr Butler told the plementation of the

in Ceylon, it was ready to profit by them or to Conservative Party enference Pain during the last year. The television

moot and counter them. learned today.

The recently, "we have our own Ideas United Stater is represented ot

Ceylon

Government Increase our strength so that we situation." oficials will eover equipment can weather the troughs which and the installation of a tele are more likely than the tem vision station in Colombo in- pr volving expenditure of about 5,000,000 rupees.

of any Colombo The range television service

to the current discussion on the is expected

possibility of an American re- to be 50 miles.

Ceylon's Minister of Posts cession, and Information, S. Natesan,

A CONTRAST

the

Two days later the American publication US. New, and World fteport added its influential voler

effect on its econoiny.

More Arrests

In Teheran

Teheran, Oct. 18.

The Radio told that according to the calcultalons of the initia- ters, the plan should have 9.comgthened the British position In Southeast Asian countries and prevented the mensiled pene- iration of United Stales mono- polles.

£3

of the newspaper Chourech, was the United States is neccmpanied

by

to exist."-

The Radio quoted the Indian rewspaper, National Herald, Karimpour Chirazi, director declaring the aid offered by cald the Government had from Its conclusion: that America's time to time received Inquiries shit from the inflationary era arrested today under a charge Como Plan will soon becomo political conditione, the from various Arms Interested will be managed with little or no of having been one of the in marling television here.

orators who asket for the sess and cease Mr Natesan Faid that since it The evidence it produces in

abdication

of Uie Shah and of Reuter. would be д усту cxpansive support of this view is Im-participating in the overturning project the Government felt it pressive.

of the Royal statutes.

Chinese Musicians could not undertake television Contrasting the present situa Thirty-live others by itself.

tion with that on the CVA of arrested last night when the For Hungary No decision has, however, previous depressions, it says: police broke into two Tudch

he added, as the "Speculative excesses are absent meetings.-France-Presse. Introduction of TV is one of from the present picture. Deep

been taken,

tho matters referred to Rudo Commission that is sitting--United Press.

A

man Firms

the

usually Jołow depressions now speculative spree.

Licensed To Make Terylene

London, Oct 10, Imperial Chemical Industries Janmounord today that they have licensed two

companies In Western Germany to produce "lerylene," a syntheile übre.

The companies

Forb- werke Hoechst A. G., of Frank- furt and Verefügte Glanzstoff G. of Wuppertall Elberfeldi ICI mi Western Germany would be the third Europeon nation to produce teryldne. ICT, who hold the world rights, except the United States, Hirve

cady

Bevised Kalin and French Canada a under construction.

ICI Investment in terylene)

id in Britain

how nearly £20,000,000,--Router.

thel

in

compardon plant is

1

were

"In 1920-21 there had been Given Embassy Rank

1929

London, Oct, 18.

New

for

Nowy

London, Oct. 18. Two Chinese-musicians -tuft Fekt: by air today Budapest to attend the Hur guriai mude week from Octo- lange inventory speculation. In

ber 28

24 to October 30, the Com- there had been long and

murist

China excessive speculation in stocks." Hungary and East Germany Atency reported

But the publication's predle- have decided to raise their re- The Agency cald the dele- tion that "no 1920-32 depression, spectivo diplomatic missions in gates had been invited by the no 1920-21 recession is remotely Berlin and Budapest to the rank Hungarian Government in sight," is based largely on the of Einbassies, M.T.I., the Hun- the Sino-Hungarian American Government's

us-arian news agency, reported co-operation agreement.-China tronomical, expenditure.

today.—Router.

Mali Special

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