1953-11-16 — Page 9

U.S. Jet Society Ball In Tunis

Planes For Spain

Washington; Nov. 15.

The first United States jet planes for the Spanish Air Force are expected to arrive in Spain before the end of the year. These will

be the first jet planes to be received by the Spanish Air Force and their arrival will mark the beginning of its modernisation.

Authoritative sources told the United Press today that T-33 trainer planes should ba shipped to Spain before

tho

end of the year. These are in fet F-80 Shooting Stars re- modelled for trainnly purposes with 1a speed of about 300 inlles

per hour

These are standard planes for | Training U.S. Air Force, pilota und are provided with the Intest flying instrumeuls.

At the

same time six. T-0 training planes are also likely to be shipped to Spain. They are piston-engined planes cap- able of between 180 and 200 Illex an hour pad equipped with in inspressive array gadgets

to enable The Jates! flying teebules to be learned.

These planes will be sent to The Spanish fighter plane centre at Zaragoza.

At the same time the Spanish army expreted to Ferelve

F

D

mimber of United States tonks and motor transportation fot training purposes, These will form the nứclerus cf the HITH-

ainents for the first Spanish regimental combat Team to be formed early txt year.

The Spanish Army General Staff has put in a good deal of dime recently studying

the

Korean war and particularly the effectiveness of United States riginental combat teams there which the Gentral Staff Is convinced is now the prototype of the tnost efficient fighting formations,

The Spanish Navy will simul- taneously receive elvetrente and radar equlument for many of its warships ta cnnble, automatic Aring of naval guns to be carried out, among other cbjeelives. United Press.

ADVOCATES REVIVAL

THE CHINA MAIL, MONDAY, NOVEMBER 16, 1953.

Princess Fatma," daughter of the Bey of Tunis, attends a Scolely Dall in Tunis with her husband, General Bahri.

Express Photo,

Indian Communists

Say Congress Flouts Democracy'

Communists in India Congress (Government) elementary principles of

anxiety to retain power.

Bombay, Nov. 15. are today accusing the party of "flouting the democracy" in their

In the words of Mr A. K. Gopalan, the Com- munist leader, Congress wants a Congress Minintry in the States or no Ministry at all.

Defending the position of the pilli Govinda Menon, the State Law Minister, said: "It is the right of the defeated Ministry to tender advice to the head of the State to dissolve the Legis

Dissolution has lature.

been

OF PRUSSIA cusation because the Commun- Congress Ministry, Mr Panam-

Cologne, Nov, 15.

Herr Erle Mende, a member of the Executive of the Free Democratic Party, sald today the State of Prussia should be restored in a democratic form."

at

Herr Mende was loudly ap- plauded when he said this ibe annual Congress of the North-Rhine Westphali Free Democrats. He was re-elected

the

sult is favourbon, if the re-

Mr Gopalan made this.ac- ists were not given the oppor- tunity of forming a Ministry. In the southern State of Travan- core-Cochin, where they are the second strongest party,

after the recent defeat of Congress there. A caretaker Government recognised by all constitutional consisting of the same Minis-

as an appeal authorities

from lers is carrying on

until fresh the legal sovereign elections can take place.

political sovereign, the people, The Communists argue

"After the that

to the Con- they should have been given

gress, then the Congress

Min- the opportunity to form a Gov-

will continue in office. If ernment when the

Congress istry Ministry was defeated,

it is unfavourable, then the the Ministry will resign. This is the Mr Gopalun Rajpramukh (princely head) of Practice under the Constitution, was violating the Constitution by t

If this practice is not recognised, "perhaps too hastily broken up inviting the

it w lead to constitutional Opposition i occupation powers,"

difficulties." form the Government and by allowing the formation of a caretaker Government by the very Ministers

who had been defeated in a vote of no con- filence"..

Vice-Chairman.

Prussia had been a well-de- Aned political,

economie and historical

whleh entity

by

the

Herr Mende said. The intrigues which proceded the bulliding of Dr Adenauer's new Government hatt shown that the influence or the South

German States of Bavaria and Baden-Wuerttem-- berg hid becam: disproportion

accused

As¬

The party position in

the Travancore-Cochin State Herr Mende rejected sugges- Front of Leftists (Communists), sembly is: Congress, 47; United tions That Prussianism was 32; Socialists, 10; Independents, synonymous with militarism.

He said

10; and Tamilnad Congress (re- the restorallen of presenting the Tamit minority Prussin should be alven pre- cedence before the reunification of 108.

in the State), 9, making a total of

Germany-though Branden- burg (now in the Soviet zone)

Mr TV. Thomas, leader of the United Front

of Leftists and Berlin were essential parts

(Communists), who had asked of any Prussian State.

the Rajpramukh to entrust him Middelhauve, with the task of forming a new Chairman of the North-Rhine Ministry, declared that the dis- Westphalian

Frce

Democrats, solut

of the Legislature and solution sald Herr Mende's proposal was

the order for fresh elections In acordance with the Party's was improper because no new general alm of a "decentralised constitutional issue demanding a United States" and it would be mandate from the people studied seriously.-Rculer,

ariɛen.

Dr

Friedrich

Manhattan Offers

Mink For Poodles

had

year,

In India's newest State, Andhra, which was inaugurated only on October this the Government is led by 85-year- old T. Prakasan who left the Praja-Socialist party to rejola

Congress. How far the Con gress Ministry with 40 members will be stable, it is yet too early in the 140-member Legislature to predict.

the

other parties, expects to com

Congress, in alliance with

mand the votes of between and 80 members.

75

the

It is in Andhra that Communists, with 43 members, are in the strongest position of Special. any State in India, China Mnil

TRADE

and

COMMERCE SECTION

Pare

RACE FOR EXPORT MARKETS British Trade Statistics Convey A Misleading Impression... UK Producers Must Adopt New

More

Vigorous Methods

(FROM OUR OWN CORRESPONDENT)

London, Nov. 15.

Little satisfaction can be drawn from the slight improvement recorded in the United Kingdom's overseas trade position last month.

It is true that exports; at £237 million, were higher in October than in any previous month this year except July; and, although imports were up by £10,600,000 to nearly £280 million, the trade. "gap" was reduced from a monthly average of

£59 million to $43 million.

But it is misleading to compare trade figures on a monthly basis. It is the number of actual working days in the nionth that matters,

On

2011-

this basis the

Mr Ford warned the October Agures appear somewhat less | ference that the United States

and

Germany

favourable.

were already Average dally rate of exports aware of the advantages of co- at £8,800,000 Wats slightly ordinating their export services, better than the rate achieved in

Unless

Industries the previous month. But, com-adopted the group selling tech- pared

with figures for carlier

they ran the risk of losing. that Britain valuable markets to their foreign months, I shovs

British

નાનું

is barely holding her own

the race for export markela,

in competitors.

PERTINENT REMINDER

It is, in short, a disappointing Another unorthodox method of result for n month when

10

x-winning, markets was advocated

ports are normally recovering by Mr J. S. Armstrong, Agent- Efter the holiday lull.

General for Ontario. He told the management conference rive mare attention to the possl- bility of sctling up brats får British export incluştries in Canado,

The import #gures are mere encouraging. The daily rate of orvivals was the same as in the previous month, the third lowed recorded this year.

There is no sign of inflated He pointed out that a number demand here. But it remains to or

South American pubile

be

seen what effect the new utilities were controlled from Eberalisation of trade with Canada and did their buying Western Europe will have onlaricly in the Canadian market,

Canadian industries had demand for imported goods.

Important markets in the United States, too.

OBVIOUS MORAL

won

One conclusion emerges quite There was no reason, in Mr clearly from these figues: British Armstrong's view, why British manufacturers must adopt more arms who established themselves vigorous methods of winning in Canada should not reap part overseas markets.

of the rich harvests,

monwealth markets,

even these

The

But he conference-and

un-

British Mission In Middle East

Baghdad, Nov. 15.

A six-man British econo- mic mission arrived Baghdad today from Lon- don. It will stay in Iraq for 12 days and will visit Mcrsoul, Kirkuk and Barrali.

Later the mission will go to Byria, Lebanon And Saudi Arabia before turning to Britain.

British Embassy

A

spokesmani

rc.

that the

mission has come under the authority of the Board of Trade with the aim of explaining to the Kiddle East countries Britain's desire to help their econq- mic development-France- Presse.

U.S. Textile

Markets Still In Doldrums

1

New York, Nov. 13,

Steel Stock

Success On London Exchange

(FROM OUR OWN CORRESPONDENT)

London, Nov. 15, stock has been an unqualified success.

The first public issue of denationalised steel

Altogether 52,000 applications were received for the 14 million £1 ordinary shares of the United Steel Companies which were offered at 25/- each.

About 40 million shares were applied for, in- volving a total subscription of £50 million, for £17 million worth of stock.

But long before this result was Ennounced on Friday the London stock markets were acting on the assumption that the steel Isrun would be a puse success.

Earlier the situation Trieste and the wage claims at home had eqused some besitancy. but when he now account opened on Wednesday a more cheerful note crept in and prices advanced readily under the stimulus of 4:e strong gilt-edged market.

It was another weak of broken records, Two Financial Times indices of gill-edged and fixed Interest security prices-broke through their previous peaks to cutabilah new "highs" for the year.

Indonesia

And Trade

With China

Drastic U.S. Action Is Unlikely

New York, Nov. 16. If Indonesia is successful in selling its rubber to Red China, the United States would probably hesitate to price take drastic action against Indonesia, such as cutting eff is economic ald, a lead- ing American business magazine said in its current issue.

The Ondustrial share Index finished within a shade of

the pealt level reached earlier

this month,

Biggest gains in the gilt- edged market ware in Gas 3 per cent, up 22/01, Treasury 2 per cent, up C1, and 24 per cent Consols and War Loan 31⁄21⁄21⁄2 per cent, both up 15/

Business Week magazino- widely read by the business communitysaid that cutting off such ala "would arouse ucutralism, ani) - Americanism ond might be just the the shove

that would pusi Commúnict

the

Some hope for the necessary reminded the expansion of exports has been here a note of criticism erept seen in the recent relaxation of into this voice that in Cann the mport restrictions in Com- "the customer is always right," Inactivity again marked the whether he is buying a tooth-ention goods picture this past week as all hands waited for an

AMAZING SHOW But

traditional brush or a railway locomotive.

of experience outlets can no longer be taken Colonial buyer is

the awakening of retail buying, not,

without question, But, Buying of cloths and yards for granted,

an isolated example came

polat In in spurts

main talking but overall With many sources of supply of

British sell business remained disappointing formance

markets was the amazing per- Indonesia into the But neither Is It Constant resales of print cloths shares. Priced at 20/6d carlier

of Savoy

Hotel closed to them because of ex- Ing

embrace." change controls, Colonial im-representative of the outlook of softened the price picture. Sheel- th

"shares"ad- : porters. are virtually compelled all British manufacturers.

mode the best showing Many of them we well awart since supplies have been pared ramcu to 80/ed this wee

rumours of a take-over bid by of the shortcomings of British down tharply by a stringent mil

"a big American group." But, once hore, they often and export methods. But they are curtailment programme started

seeking better constantly

When the rumour exporters indifferent to their in- techniques. The danger is that some months ago.

their follow-Industrialists will

ploded the shares dropped back to 45/3d but were still up 2/9d Many Colonial importers are not follow their lead until it is frankly wondering how British too late to recover

on the week, 13: ground manufacturers expect to keep they bave lost. their Commonwealth markets

to come to Britain to place-or- ders.

quiries.

when trade with the non-sturilag arca ̄ ̄ ̄ ̄is freed from payments; restrictions.

COLONIAL'S COMPLAINT

And they are not keeping silent on the subject.

After a recent business trip to Britain an East African Impor- fer wrote to the Financial Times this week to complain about the treatment he received.

"Slow deliverles, increasing prices, poor workmanship and an absence of new designs all

combine to make Britain a poot market for the export buyer." he sold.

зата.

HONGKONG SHARE MARKET

ings

In the basic fibre Elsewhere cloth markets, burlap prices continued to move up with the higher trend at Calcutta plus

rate of domestic, an expanding consumption.

nani.

your,

these

littla

Commenting on the Indones- on lan plan to explore, the possi

blity of rubber sales to Red China, as announced last week, the weekly sald:

WDS CX-

the

can do The could cut off

are

tressed to see Indonesian rubber "Washington would be dis- sent to Red China but there isn't much it But this was not the last United States heard of the matter. Fearing $4,000,000 in technical assistance that they might lose their jobs funds now going to Indonesia. If a new management took over Hemp prices eased with lower the hotel, 200

"But employee-

chances Philippine offers, Brazillan shareholders in the Savoy is Washington would hesitate to sisal remained confured in the ed the Board of Trade to take drustle action. The stakes wake of the new foreign cxvestigate and

unmask the in Indonesia are greater then change regulations. Mexican and buyers who had sent the shares any spot rubber sales that Portuguese sisal remained stig- rocketing

might be made to China. News that a Board of Trade "Indonesia is tottering on the Cotton goods' buyers again inspector is to attempt to brink of anarchy; the Govern- postponed commitments

as identify these "mystery" buyers ment is besieged by a strong. they ibcked up at a giant- the first time such action well integrated sized

Communist cotton

crop of over has been taken following the movement, Native Communists 10.000,000 balts while their re-take-over talk was a clear recently tightened their grip, on

victory for the growing num Indonesian trade unions. ber of market

be- men who lieve an end should be put to

on and off take-over deals.

MARKET WORRIED SHARED BUYERS BELLEDS SALES rushig surplus supplies of Unt

under the Government BANKS

But not everyone is agreed porgramme.

Already the Gov- that take-over bids are wrong

themselves ernment has nearly - 3,000,000 | In

that bales tied up under the loan action is needed to canopy.

them,

Nevertheless the market worried.

(From Our Correspondent) Business done on the Stock Exchange this morning amount ed to $498,459.40. Noon quota- tions and the morning's trans-

"But what really worries me actions:- is the indifferent attitude of manufacturers generally to ex- port inquiries. It seems that the home trade is now fur. more Important to them

than the export business.

am frankly very tired of

HK Bank Est Asia. INSURANCES

Lombard... Urien XD. Underwriters

Knitted Fabrics having to appear grateful when Blaze

Now The Rage In Leningrad

from

an order accepted."

tall contracta clung to a hand- to-mouth buying programme,

But offsetting

the growing raw cotton supply picture was the news that producers

1910 15.30

170

дя

0.30

10,70

B-8523%

20 1000 @ 10.00

QIMO 13.80.1300 300 @ 12.00

for

0.55 8.60 0200 @ 3.op

HK Hotel HK Land Ahal Land

7.99

1.33

Humphreys 10.99 17,1010010

UTILITIES

of a

*ETRO**

25.70

Yam

Ioan

spinners reported more frequency In orders for delivery

but forward bookings remained

от

also

"Chinese Communists I have been active among the two million Chinese, the majority of whom seem to favour the Peking regime.

"Cutting off United States ald ony would not mren much cronomic control ally, but,” It

could

arouse neutralism, anti-Americanism and might be just the little is shove that would push Indonesia into the Communist embrace.

Washington is hoping against

For unscrupulous speculators

on & restricted scale. Regular customers criginally counted on are believed to have started hope that Peking won't come 25,000 to 15,000 pounds me of the recent rumours in through with an acceptable offer orders are buying only a quarter order to cash in on the sup

of that amount or less.

Shallowness of clothing stocks

on retallers themselves was de- monstrate market experis sald

100 @ 25.09 by a sudden

2. Ligm (0) 13:00 13.30 363

Waterbost DOCKS, ETC The writer of this letter may

K. Wharf Dock Lo justined in his complaint

Provident that the manufacturers he dealt

(Old) with in Britain are living in a

S'hai Dock Wheelock. But fortunate-LAND, ETC. "Lool's Dar

paradizo," ly there are other exporters London, Nay. 15.

with more Imagination. Leningrad's best dressed

ONLY

WAYT THE women are now wearing even- ing dresses, blouses,

One of them is Mr J. P. costumas, coats, underwear and ski suits Ford, managing director made solely

knitted British Orm of oil engine manu- New York. Nov. 15.

fabric, according to Moscow facturers. In a paper presented 10 the. British Institute of Manhattan shops this year are offering their cusRadio tonight.

Management Conference this tomers some of the most expensive and varied gifts in Since the beginning of the week he suggested that ex- their history in the belief they will spend more money

year, the Leningrad fashion porters should organise them- this Christmas than ever before.

house of Glav Trkotach has selves into high-pressure selling accepted orders for over 13.000 groups

18.40 184.74 22 18.30) of a typo *that was Here are some of the items old fashioned

trays and

garments made of the fabric, recently successful in, obtaining STOES, ETC.. now on display:

the Nadio said.

an order for constructing and cubes. With an ectronic whirr,

33,10 3.30 1350 Daly ** Watson 22301000 Mink earrings for French the thing turns out a steady

works in a stcel equipping Special attention is devoted to poodles.

stream of ice-balls and neatly Price £5 a pair.

Spain: Gold cuff links of miniature stacks them in en leebucket. Is

Mr Ford told the conference duckling pistols. They are so Price 100, authentic that blank cartridges

Price £80.

་

Fabulously sheer nylon stock are available to be fired in them.ings. These "wisps of nylon that seem to be a mere film breathed Thraz-fact-bigh world globos on the legs." sell for £3 a pair. of spun aluminium, like one that

Stainless steel earrings, with

President Eisenhower has in the the wearer's first name and White House, Price £300.

tech-agers. Price £4 105 telephone number inscribed, for

trimming, and a new machine

being. introduceti which embroiders garments ten times faster and Improves their quality, it added--Reuter.

Gandhi Memorial

the fortnite of strong coll

groups

acquent rise

of prices --- mind' the stock market's reputation has suffered as a result.

for Indonesia's rubber."

"If it does, we hope that in the long run the Indonesians Elcewhere in the markets tea will discover that doing business is not, all it's with the Reds showed

cracked up to bel-United

rubber spell of wintry And

shares

a 1380 weather over the past week-end improvement and Koffiee stoped Freas.

13.50 in the Northeast dirtelon of then mild recovery, Et 9.30

50 country. The cold snap brought ;

a sudden and broad demand for

flannels and blankets, Telephone 2325,30 400 423.30 garments-United Press,

Gght (N) 9.25 0.90 Electric

21.70 20 MECIO Elec, 2.99

INDUSTRIALS

Cement

L Crawford Xwong. Sanz

MISCELLANEOUS

Yangtzo..

2200 E 16,40

winter

Out For

Order

#2340

100.

2.10

sh 6.05

Copenhagen, Nov. 15.' The Danish shipbuilding Arm

| of Burmeister and Wain is send-

PUZZLING REVIVAL

London, Nov. 15. The Financial Times declared that the modest revival br{ nativity in rubber shares is

le puzzing in the absence of any favourable development.

"Perhaps it is considered that

SUGAR PRICE

REDUCED

Now York, Nov. 15. The American Refinars Com-.

the the position in the industry is so price of refined sugar 10 to 20 wholerals.. pany has cut

bad that it can only become cents a 100 pounds depending better. 7

6.39ing a representative, to Indonesia "Otlier. comforting thoughts on the territory involved,

4th an attempt to secure ait order are that many aliare prices ardThe now basis for the Enst from the Indoncalan Govern covered by not cash resources will be $8.05 of 10 cents. In ment for a considerable number and that some day the United the Southeast a similar reduc- of Mups.

States may do something to duction pute the price down, to Danish shipyards recently ten-aselet" growers.

of the 8.60%

*

Exchange Rates dered for the mruction of 1 "But the cold facts

he was convinced that the only COTTONS

Ewa way in which Brilish industry

Textile Corp. 674 could compete efficiently in the world

markets was by

representative

at al British industries whose pEO- -Mysore, Nov. 15. ducts had a demand in world "If these groups worked in are studded with" rhinestonga Clocks that look like run-dois granite hill near Ramanagaram to 120 sble, to bid compailumobield change

closy co-operation, ha zaid, they except that they are operated on the Mysore-Bangalore road, orders or complete moraip at the folowing "Yates: by electricity. Price £.10. ***** 50: miles from here. The destes davolopment projects of the type string other pe

Hata in tricky designs; one in is copied from, the... memorials the shape of a host with ato American leaders in Buthow being put in hand by Indonesian Kuliders Liper

Dakota; United States--China govertimens and interntitiðná) Blam ticals(par) 100)

Bingapore (Straits) agencies,

Indo-China "plastres "iper" 100)

Simulated diamond collars for well-bredients. The collara

and are guaranteed to make the pet's" neck" "glisten and sparkle like a rich women at a ball.” Price £20:

Electronic monster called the "Ice-maker." It dispenses with

miniature rudder astern."

(London Express Service)

A 100-foot face of Mahatma markets. Gandhi is to be carved

Mall Special..

on a

ships of about 10,000 tons and 24 position are not encouraging In the Gulf area and the

of some ite tone-a i shlos

to the Financial Times maintained. West, a 20-cent reduction

Thrines was dons In the 10 building · programme Minvolving Production... of......... subber¬--is | lowers the price-to-18,40 ávi 100..

US dollar(per, MA).

market

This

sas | some 200 million crowns. The runnning well ahead of consump« | Ibazie im K 1573 tender was submitted› lți com tion and the surplus of supplies ·Dealers såld the lower" „baila 10 polition with a several other from the East exercises persistent for raw sugar and intensa cam-

Great pressure on the price.". 176 countries, including

China petition accounted for Mall Special-

action.-United Prest.

8.03 Britain. -Reuter

the