1953-10-23 — Page 9

Queen Juliana At European Council

N

Applause from Queen Julluna, Prince Bernhard and M. Robert Schumann, during the opening speech by the President, M, Paul Henri Spaak, at the European Council Meeting at The lingue.-Express Photo.

A Confidential Naguib Regime's

Matter

Pretoria, Oct. 22.

Women's ages Appear

12

the

will not Identity cards to he issued to Europeans under the South Frels. population

แม

Afrwan

tration

seleme It

announced.

The Dicerior

Centr

and Statisties. Mr J. 1. Ruats, said women already stated their

filmt

111-

URER

on the

census fornis -they

Alled in.

"Whether they want

kive

in their ages now ar not

ኳር already have the

Hees

will

Identity

formatios," he added. "The however. be will, regarded as confidential and

petrar hol

cards."

Mall Special

ibe

Chikaz

Better Than In Lancashire JAPANESE MILL CONDITIONS

Drive Against Drug Menace

THE CHINA MAIL, FRIDAY, OCTOBER 23, 1953.

TRADE and

COMMERCE SECTION

Japanese Industry's Increasing Interest

In Southeast Asia

Tokyo, Oct. 22.

Japanese industry appears to be steadily gaining momentum to- wards participation in the development of natural resources in Southeast Asia.

Information indicates that leading Japanese companies, separately or in groups, are approach-!

ing industrial firms in Southeast Asian countries HONGKONG

for technical tie-ups, for the development of natural resources.

once dominated For Japanese, industry, which Southeast Asian resources within the framework of the so-called Co-prosperity Sphere, participation in the development of Southeast Asia is the only means of survival so long as Communist China remains virtually closed to trade.

SHARE MARKET

(From Our Correspondenti

Business done on the Stock Exchange this morning amount- ed to $479.516.20. Noon quota- tions and the morning's trana- actions:- SHARES DUYERS SELLERS SALES HANKS

10 1505

HK Bank Fart Anly INSURANCES

Since Japan's defent In the with the Nihon Company on the war, Southeast Asian countries development of a copper mire with remained outwardly aloof at Hapu.

The companies will also offer to the idea of Japan's advance in

mine ore dressing equipment Southeast Asia or actively cam-

enpille of processing 3.000 possible pugned ngainst the revival of the Co-prosperity tees of copper monthly, and in

will relurry

ask for import of Sphere".

In the early phase of the upper ore.

In Formora, the Japan Mil- Allies creupation of Japan the ing Company la retining copper STUPPING

was negligible but dius praestand restered for the Chi Chao Shin mungs,

A survey team of the fam her defeat these countries!

pany Is Formosa ta prejare bevens increasingly aware of the for the boosting of ore produc- de-anger of a revving Japanese tion to 1.500 tons from the pre-

Alexandria, Oct. 22. The Egyptian authorities, making a termined drive against the drug menace, are coming more and more to realise that a better social system offers the best hope of winning the fight.

The odds against them in their efforts to stamp out the illicit traffic in drugs are enormous.

in

11.

was also orderest to pay a ting of £300.

anather three yours,

el

|

JE

Tanat A Hi-year-old boy, Chehala | Onyir. coughi White the distributing ha dish, was sent 19

prison for ten years.

denle that

WILA

Dit-taking is a vice in which i for rich and poor alike indulge.

Parties are given by the rich,

often at which it room veide for basbish roking.

To the pour, hushish is

to dreambud - anm "pasport to

of their poverty forgetfulness and miserable surroundings.

affords temporary

from the pains

Pars it deater

he and said that

Was rellef acting. for distributor หนุ่มเท able which decom-the police have no neen

diseases, to catch. endemic

bilharzin, from The white drugs (ume

[ro pariterions suffer.

the Balkans which

regions and JFC smuggled into Egypt mainly ty

pany

the

Enynt. For itely prkilars

sed.

It is difficult to break up the drugs inte rings which

The cheaper

drugs. particu-

comes step tarly hashish, whleh are sent to prison, others into their shoes, knowing that bie quantities from the Levant, Expl over derert although the risks are great, the reaches

routes. profits are large, Manchester, Oct. 22.

President Muhomuned Nagufu Conditions in the worst and the young cffeers who now

only

well Japanese mills are better rule Egypt are than those in the average aware of the widespread tragedy cotton mill in Lancashire, Mr inherent in drug peddling and Alfred Roberts, Generat drug.cddiction."

50,000- Secretary of the strong Cardroom Workers;

טם1

"LAST PLAGUE”

A few months after the new

DAILY SEIZURES Coastguards and desert patrols using jeeps and camets make daily seizures of these deadly

Even-cuhuge amounts snuggled through, or round, the ned later Be addicts in

wares.

regime gamme to power in ERYP barrier to reach

Amalgamation, said in Man- fast year, it was reported that the main population centres

sideration

Was

being given to the imposition of the death

chester today.

tumed from a videt

to Jupati, į wan annotaving the setting up

by the Amalgary and of a coun-

De bratst. | Aaws

fre

of

Egypt.

Egypt has for long regarded the an unfriendly act on Fit

l Mr Roberts, who aromally realence on drug smugglers,

of the Levant Slates to No such sentence has yet been part

of ashish imposition of allow ensignments angel, but the

Egypt, to reach prizon Sentences and grown there

and addicts where it has a devastating effect pasidari ventilations, ng acting, af latchinery ate at the remont Assizes here on the national health--tenter. and mechanical battling condi- show that the Government

drive determines! tions un Lane, hire in 8.

making a

Improvements had been led what Has he deser.bed

since

as the last Plague of Egypt."

Ibrahim

et 50-year-ple, the

There was, for the war. in. Lanca-hire mills, some of them substantial, Puse but tulting

the industry

whole, they have

said Mr Roberts.

48

Barld Sannad, a Moslem Sheikh coastguards

#1

談

near

been patchy, (preacher) m

Antushy, mosque Alexandria, who was recently sentenced to imprisonment for

"Our ståndards generally are ex

worse than those in other life, with hard labeur, and fined comtries. The worst mill I saw gapan for being in possessing in Japan was better than the average mill in Lancashire," he

said.

"They have lofty rooms, their machines are better speed and Lie lighting is good, to quote examples,"

of

BO worth

piastres

that drug 10

JAPANESE ENVOYS

TO CONFER

London, Oct. 20. Mr Shunichi Matsumoto. (10/-).

Japan's Ambassador to Britain, Sonned told the court

will fly to Rome on October 30 to attend a three-day conference although he had been

managed

of Japan's diplomatic leaders in addict, he had

On the day Western Europe, conquer the habit. he was arrested, be zold,

The diplomats will exchange came up to

and pleated

information on the Etuation in Air Roberts said the Analga for some drugs. He took pity mation wanted to see the same

Ahmed accredited, review trade with Mohsinmed standard of conditions in all on the man and went to the countries to which they are Europe and the Near East and discuss the world situation. milis in Lancashire as obtained In the mills which had carried Gad, whom he knew to be qul improvements.--China Mail drug peddler, to get some. Special.

'Capital Value'

Of A Man

year-old

to-

A similar conference was held in Paris in January, when Mr Maisumoto presided.

The Home discussions, opening on November 2, will be presided Ken Harada, over by Mr sen-Ambassador to Italy, and wii Mr Bill also be attended by

clon

industry where nullet could be sent 600 tons a month.

ound nowhere but in Southeast

Asia

re-i

IN HONGKONG

'7"

bren the principal į This has

The Japan Mining Company i enue, an with Japan's

will also ser a survey team, turtance to pay war reputations, to liongkong to study the pro for the not

It- very friendly

and Spect of giving technical aid in Jupon 11 s between

the

development C tungsten Soullenst Asian countries.

The following examples illas trate how Japanese industry reactating to Southeast Asia.

TALKS IN TOKYO

Is

mines to the New Territories.

The Yawala iron MI is con- silering surveying iron ore re- sources in Thailanet and may establish a joint

Japan-Thal

Unen... Underwriters JIK Fire

Waterboat Asa Nav. DOCKS, ETC, K. Whirt

Dork Provident Wheelock

LAND, ETC.

IK Hotel

it Lond

S'hai Land

Humphreya

UTILITIES

כית

Japan Seeks Trade With East Africa

Q6. 22,

Japan, lana, appointed Me Kandi Kanekozan, her Br Consal In East Africa ace World' War Two,

with headquarters at Nairobi.

Mr. Kaneko. sald today: “Japan is anxlow to in- crease her irade with tie African teriflories. Fast Wo would like to buy naw cotton from Uganda and we are also Interested in shai, magadi

and soda."

Ingre

The East Afclean Gov- renments have already partly lifted its embargo an Japanese texilles from next May and there. I

restrio- that possibility tlons may be further lifted. It is learned here.-Reuter,

LONDON TIN MARKET

A

London, O. 22. The tin market was barely: oferty. Spot was marked down £5 to 61334 and three-months £10 £8074. Turnover was 43 time of which 30 tons were for cash.

15011

1

000 670 20 4 5.30 1000 3.40

100

.. 19.40 £9.00

412

1.30 1,40

0121

507

214921.60

pellers

GOTI

29.40 12 1000 6.70 1.00 4700

13

Jasiures

507

B

-United Press

0715

783 7.0 300 m 7.00 600 40 6235 .. 62%

Team **

1.40 13000 1,45

17.30

1000 1.4214

21.30 23.00 200 ≈ 25,40

Star Ferry 133

Light (0) 1931, 13.70 2000 13.60

C. Light (N 9 9.00

27.05

Majan Elve. 9,65 Teleppone

INDUSTRIALS

Cent Horse

mill, depending on the outcomesTORES, ETC.)

of the survey.

The Mitsul Metal Mining surveyed tin and tungsten

re-

The Yawafa, Fuji and Japan Steel Tube iron mills are study- ing the development of twn tron ore mines, the Burap and Mati sources in northern Malaya at of the Yeli Sien iters in the Philippines, on the the request

The basis of a report made by their! Thai of Thailand.

company will send ex- joint fact-finding mission sent

perts

mking provide there recently,

facilities and purchase ore in return.

Atjeh

oilfeld

in

ע יולן

23 10 23.20 6702 ** 23.10

300 at 21

11!

23.20 23.30 2200 u 23.40 2000 23.34 23.30 2315 309 23.40

Watson COTTONS

EATI

2.00 Textile Corp. 8.20 67, 7500

1000 ur MISCELLANEOUS

Yngtze XD 6.20

8.20

6.35

The Rubber

Markets

Singapore, Oct. 22..

Spot in buyers

Buonees

Rellers

a-menth tin, buyers

Page

NEW YORK STOCK MARKET

New York, D01. 22 The stock market extended to upward drive today with Kaina than'a point ranging to more 113 £ number of specialties" responding to industrial good news.

Volume increased to 1,330,000 from yesterday's 1,320,000

shares.

29

Industriais led the way, Balls barely held their, own,. rling just eight cents. Utilities eased

five cents.

Westinghouse featured, among the specialties running up. poins, to $472-in activa.trading following the announcement. that has been chosen the compony to build the first full-sola the atomic power plant for Atomic Energy Commission,

General Elective, whose President last week sald they were ready to get permission 10

bulld ព atomic energy power plant in the Northwest, improved * to $7912 In moderate trading.

Or 1,097 issues traded, inday 478 advanced, 338 declined and 283 were unchanged.

The New York Stock Ex change bond volume

was at $2,355,000.

The American Stock Ex- 350,000 chunge

volume, was shares.-United Press.

Part Of American

Business Outlook

Remains Clouded

1

1204

By Sydney S. Gampoll, Reuter's Financial Editor The debt ceiling and the unbalanced budget overcloud a good deal of the U.S. business prospect.

"The need to keep expenditures of public funds within the statutory debt limit was the Pentagon's reason for ordering a slowdown inTM progress payments to defence contractors.

denied

that. the

The three Japanese corgani ̈`* are soon to regotiate with the

A plan is afoot to set up head of the Philippine Mining

ecmpany for here Joint Jupon-Thai que lo arrive Company this month. over the projected, veloping salt fields. of about 3,000 acres at the mouth of the development of the Barap mi e.

Menum Itiver. In the forthcoming

negotiu-

The Japan Mining Company

The idea, as, also with the 12 by Representative Cole, chair tions with that Philippine com-

has sent a survey team to the Improvement in New York larm support programme, is to run of the Congressional Joint Energy Committe pany, the Japanese

northern stimulated the market, there get things done through private Atomic

Russia's prowess, van, Bre expected to offer

Sumatra at the request of the was good deal of theri-cover-financing which has no celling, about ring machines:

through Treasury hydrogen weapons.. he appears worth miring of

Atjeh Oil Company, while them. The market closed stendy. Instead of they will ask fsinhara Sangre Company has Prices As collateral,

borrowing which has a rigid that the hydrogen bomb.willin the President of the Philippine obtained the approval af

ceiling. Defence

Secretary fact have to be taken suriously the No. 1 rubber per ib. Nov. 5524-56

Dec company to increase the present Indonesian Government

slowdown and not merely as apreext to the

1534.50 Jan. mal 75,000 tons of iron o establishment of

would appreciably affect the It is freely reported in

Washing Japan" rubber "per-lb. Nov. 1-63 import to Japan to 1,800,000

profils of the defence contrac

supplementary appro- a No. 3 rubber pur lb. Nov, 21-5225 Indonesia joint bank with

fors, and Wall capital of 1,700,000,000 France-Presse:

Spot rubber únbaled

heartened by the denial though priation of $500 million for Klanket crepe

obvious that atomle defence protection will No. I pale crepe

be requested early next year, the alread profits nufacturers, who are mainly and that barring a genuine settle

be ment between East and West concerned, can marginally

defence spending on this extra their Appreciably affected by

from the hydrogen bomb account, could having to borrow

of jump o billions. It might be Danks at interest instead

suppose that mich a interest-free progress teele to Letting

Govern revival of the defence programine from the

would automatically revive the more ominous was boom. Instead, the uneasiness too apparent r Defence Wilson's which is, ull

omelal contractors Washington "Defence

quarters little sloppy might communicate itself to

luns

They will also offer $1,500,- 000 worth of miring and other Mali mine, to the machinery yet to be developed, on ilon that it will export to Japan of iron nually 720,000 tons

ore.

yen, ío, 4 rubber per lb. Nov. 5532

cond London Foreign

Co-

Exchange

MINE IN CEBU The Mitsubishi Metal Miring Compony

Mr. Selschi New York rent Furumura, Its Vice-President, Montreal

Amsterdam to Cebu Islarki to seck

Brussels on the development .operation

Oslo Toledo Zurich mine at of a copper which is súd to be rich in high- Copenhagen

Part ude iron ore,

Stockholm Linban The Japan Mining Company Deutsche Mark and the Taihelyo Mining Com- Bjacked Mark

contract have signed a

pany

London, Oct. 22.

380-2.11 2.70-2.70! 10.024-10.02. 140.10-140.15 10.90-1000?: 12,10-12.18

19376-19.30 1901-0001

11.00-11.70 1812-15 United Press.

Japanese Worried

By Indian Trend

++-45 02-04 United Press. LONDON MARKET

London, 04. 22. The rubber market was steady with No. 1 fios spot quoted at 160/16 pence per lb.

No. 1 spot s

Selliment House terms:

Nov

Dec

Jan March

Apri/Junts

July/Sept.

1016-303%

m

in fact it seems thic

of

1015-1915 payments

14-16 ment 103-17

101-171

17-17

Still

Secretary of -United Press.

NEW YORK MARKET

New York, Ort. 22.

Rubber futures today closed 25-40 points higher with

of 20 contracts.

Dec:

Marels 1954

May

July

Sept.

Dec.

sales

20,45

remark,

have gotten

A

Street

ton that

Was

'.

about their inventories; they've business, Estimates of casualties In a hydrogen-weapon.altack are got too much money invested in them." Given, a choice, this unnerving.

in Aust

ts hardly the time that the Re-

Wheth Russia explodeau, hor 20.00 bit publican Adininistration would 20.60 bid pick to enforce en aggravation hydrogen. weapon 20.00 hid 20.60 bid of what may in any case be a 12, she almost certainly

awkward inventory the Americans into 20.00 bid declttedly United Press. liquidation. With the debt ceil- epoch in their history, Eure the AMSTERDAM MARKET. ing, it has no choice.

first time, they are impelled to Amsterdam, Oct. 22: Tubber market

was

line of any

The political impossibility of regard themselves aplikely to The

balancing the budget also be in the front steady.

limits its choice. It has been future war instead of assas No. 1

that

Operation ways hitherto, a rubber per lb. Nov. 1.04 buyera observed

Candour (the rather tortuous to ubber per b. Nov. 1.03 buyers official efforts to tell the Amor outbreak of a

No.

rubber

No, 1

No. 3 Bombay, Oct. 22. The Textile Commissioner of the Government of India reported that the Japanese are worried that India has ceased to be one of the important buyers from Japan.

that

Exchange Rates highly unpopular tox which 1

and

America's

cousinston'

of us wärt

the

public the truth about per l. Nov. 1.65 buyers C

is was that Russio Russia's

bomb) hydrogen

Western by marching winto crepe rubber per : 1.75 buyers becoming on Operation. Excise

-United Press.

and Washington's and Tax, designed

to frighten the rica's strategy he for into swallowing was public

to re-arm withe, West who would Europeans necessitated not by the bydrogen

bcat at least the brunt bomb but by the Treasury

need to recoup the Since August 12 the concept: desperate revenue which it will lose from entirely dropont: that the first strike would be directly the end-year lapsing of the

to knock 18,40 Excess Profits Tax and the at the US, an attempt

out the..... bage of the, Westero 31.20 supplementary income tax. system rather an e

outporta If the hydrogen bomb becomes The U.S., would stake back a

Sannot and Gad to prison, tom, head of the Asiatle 1 the removal of restrictions in of the year against only 384,-8am trols (per 100)

were

rge dependence,

upon hoods

ex-

1.75

twó

a real burden instead of merely Russia directly, and she

giante wouddy puthre) oach pretext, the budgetary position might become very serious and other instead of fighting on an Londen, Oct. 22.

something would have to

pay intervening battleground. #3% for it. Some British observers 31 | thought that, given the nood

This sy

change cboch-making 134

maintain private spending, power Involves some adjustments fot anti-recession meagrove their prospects of pery

West Europeans, It. Im

SOLD OPENLY Sannad and Gud were

Mr T. Swaminathan, what reflected in export figures avail-

Business was done in the local exchange marke this gether, with hashish und oplum

morning at the following rates:

5.91 in their possession, when they

turned (10 Bombay yesterday able for the three main cotton unencial after six-week lour of Japan to textile-producing countries.

US. dollar (per $1) shipped

15.83 Japan

471,000,000 sterling notes (per £11 were arrested by the police.

atudy the textile industry, added same Gad received the

that the Japanese are urging yards in the first seven months Indonesian guilders (per 100) tence as Sant

Sannad.

Singapore (Nirmits) Several other men followed

purchase 000,000 yards from India and in China pilastree (per 100) of the Japanese Foreign trade to promote the

400,000,000

from the Kid in serve life sentences, while others Ministry. Heads of missions in of Japanese goods by India."

The Llague, Mr Swaminathan said that United

sight JAPANESE BONDS of im-Paris, Brussels,

months ended August. lesser terms received

Helsinki... Berne to Stockholm,

Japan's

passed for prisonment and were orderd

Geneva, Belgrade, Bunn, Madrid, export markate was responsible Ones smaller. pay b Muensler, Oct. 22.

from Indian poris till and Cairo are for the present trend in

Japan The West German medical in- Evidence presented during the the Vatican

toward concentration, and build-August amounted to as much as the estimated a hearing of cases showed expected to be present.

435,000,000 yards, petual Industries, ing up of formation service

Ilicavy No rigid agenda has been being openly man's "capitai value" at 50,000 that drugs were

Mr Swaminathin studied largo parts aggregated only 304,000,- sold and consumed by addicts fixed for the discursions but they marks (£4,100 sterling).

and small-scale industries to 000 yards. will range over a wide arcu, of the "second capital.". In this

Rumours of reduction in And, out how large-scale Indus- trading old Il pointed out that a machine's Thirty-

Ahmed political, economie and

affecting

try had adjusted Itself to post-port duty in the last three value was preserved by over-auty Mohammed

Jeft

directly tils questions

Europe. war conditions and how small months have been responsible hauls from time to time. A house and was plying his trade Japon's relations with

and large industries worked side for this gap of about 40,000,000 N.Y. Cotton Prices man's value, which accrued from ass vendor of hushish and opium The conference will be able to reaction to his education and training, was in the street when he was survey European

hold That Japan has "Tho.object was to not looked after so thoroughly. arrested. A life, sentence and a Japan's foreign palley, singe the He did not get sufficient holidays one of £3,000 has put him out peace treaty was ratified last and often worked too lont at

your. of business,

report It will also. one stretch.

of

various tho Inevitably, the capital invested 60 year old: carpenter,, was functioning

Japanese missions in Eatrope in Jim was allowed to de- caught talking drugs in a cafe, teriorate to the disadvantage of die had.served. 11 terms of and consider.lockt administrn- the bushieSS employing him. Imprisonment for drug-taking live and other problems-China Chiba Mall Special.

and has now gone off to prison Mall Special,

Sald37ckawi,; » |

on

by side.

He

sold

thelargement."

*

A.

tighl

Japanese bonds

"A" (40 of 1890)

"A" (4 of 1910)

"C" (5 of 1907)

"D" 10 of 1024)

MEN (16 of 1930)

Tokyo 8 of 1720) bon "C" (Tokyo de of 1912). 103

CX-

Consola

United 're

x New York, Oct. 12.

Dec

ما

the Republican. Administration could not be so foolish as to sonal survival, at some expense oppose the lagging on March 31 10 thele prospects of

mubyentions. of the supplemealary,

Corporate

would be keener thin over Wx and of the excleo...laxy the European ere its wor on

to end on that bases

to launch from which the US

US Tren

retaliation, their

but their sury has come out ismly against general strategy would, shift date. But in fach 33.58 nom. these tax remissionsnot be from mutual, security

to con- cause of may sound money tinental protection, [with -Im- doctrines but because of the real portant repercussions Com plant, or the budget po receiptą:n, of, NAH After the unusually grave and military ald arki defence midpán, responsible statement on October Reuter,

52010-07

33.53

today as follows:- see how India can decentralise on South-East Asian markets is rice of cotton futures closed As textile industry to obtain the evident from her exports of as spot

of much as 130,000,000yards to possible volume.

Indonesia against India'e 12,000,- March 1054..... textile 000 yards, and 45,000,000 yards May July Meanwhile, Indian, circles are worried by increasing from Japan to Blamadalast Oct.

the India's share of less than 6,000,- Karch competition from Japan in field of cotton textile goods at 1000 yards-United Press,

Dec.

50.00

盛

$4.00

93.70---

33.00 bid

United Press.