1953-12-30 — Page 27

THE CHINA - MAIL, WEDNESDAY, DECEMBER 30, 1959.

FINANCE MINISTERS HAVE Riches To Hags

QUEENS & ALHAMBRA FINANCE MINISTERS

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STANWYCK ANTHONY QUINN RUTH ROMAN

IT'S BIGGER & BETTER THAN 'THE CRUEL SEA'

ALEC GUINNESS-JACK HAWKINS

ANTHONY STEEL

MALTA STORY

MURIEL PAVLOW RENEE ASHERSON

and FLORA ROBSON

ROX Y & BROADWAY

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VITHAND BENJURY, JEAN SIMMENS VICTOR MAINLO SRAEL BEKLE

OF

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RANGE SUBJECTS TO DISCUSS

London, Dec. 30. Finance Ministers of the British Commonwealth will prepare plans in Sydney next month to safeguard the economy of the sterling area so that it can meet any trade recession that may occur in 1954.

But authoritative quarters here sald last night that Britain does not agree with any extreme form of trade "depression talks." In parti cular, she is hopeful that the United States will continue to maintain a high level of production and business activity.

Her success in this direction will bear powerfully on the Common- wealth's plans for strengthening its own economy,

Prime

This is the first time a British Chancellor of the Exchequer has not presided at such a moeling.

1.

..

The Sydney conference will | for the conference. Official Commonwealth's development open on January 8 and last a sources here said that the chuir plans. There inchide specine in week. It will be attended by would be taken by Mr GR.dustriel and agricultural projects the Finance Ministers and repre- | Meazles,

Minister of in Australia, New Zealand India and Pakistan, Ceylon, and in the sentatives of Britain, Australia, Australia..

British New Zealand, Canada, South

tabulous colonies, where there are untapped Africs, India, Pakistan, Ceylon and the new Central African

natural resources., Federation.

Britain has put aside $00,000,- One of the main aims of the 000 over a period of five years conference will be io conautidate for overseas development. It is the Commonwealth i recent | available to Commonwealth ter- achievement in Furmounting a rozles through the International Berles of economic crises which Dank for Reconstruction and two years ago threatened the development (World Bank). solvency of the whole sterling

Mr R. A. Butler, British. Chan- cellor of the Exchequer, will leave London by air tomorrow

***

W. Germany Ready For E.D.C.

area.

The gold and dollar reserves of the sterling area, which were fast running out in 1951, are now rising stendily. In Novem- ber they increased by $41,000,- 000 to a total of $2,581,000,000. A year ago they were $1,899,- 000,000.

CONVERTIBILITY

A new City Corporation bas also been established in London to help finance individual Com- monwealth

In Program 1953, Britain wathorised loans £100,000,000 to bo totalling raised in London by overseas

Kotao, New Hampshire,

I

was riches to: rags ai

the home of Mrs William 11, NinoDonald yesterday.

Her alx month - old 'puppy, Rag","・・ chewed up

nearly $100 in United Press.

India-Pakistan

Talks

On Kashmir

New Delhi, Dec. 30. A joint communique published here and in Karachi today an- nounced. "satisfactory progress" in the preliminary talks held in Delhi since December 21 between the Indian and Pakistani com- mitteca's official experts on the minorities and pre-requisites of

plebiscito in Kashmir. in the course of nine sessions, following the two committees discussed, the

(1) The creation and main- tenance of peaceful atmos- hero bifore and during the plebiscite

(2) The withdrawal of Bri- tish and Pakistani nationals from the states;

(3) The quota and char- actor of the armed forces to bo maintained in the state;

(4) The local authorities to bo la charge of the administra- tion north and west of the ceasefire line;

(5) The safeguard of fundo- mental rights in the state. sources excluding Canada-for

The two committees will now report to their respective Primo Commonwealth development.

Ministers, who will decide These projected developments, whether a further meeting be- financed from private and

tween the two sides should take pubile sources, will @gure pro-

Britain thinks the

“Japan Must Be

Ready For

Bonn, Dec. 29. The West German De

The Commonwealth Finance minently in the conference displace-France Presse. fence Commissioner, Herr

Ministers wil pledge Theodor Blank, said in an sees now to the aim of matycentrated

theme money should be con- 166

on productive Interview published (todaying the pound sterling

freely Into other world development. that preparations for the convertible

The United Kingdom deicga- German contribution to the currencies

Is leaving for Sydney This is a long-term aim, and tion planned six-nation Faro Britain, banker of the sterling determined to do everything the polley pean Army were complete area, feels during the past year possible to advance

was made to of expanion, and could be put into opera-come progress

words it.

of oversens wealth, the freeing tion immediately.

But authoritative quarters of trade and commodities.

that before suid toodght

the The

of Imperial pre- system freed pound could be

these ferences, whereby Common- conditions at least must be met: wealth nations give each other 1. The internal policies of trade privileges, will also be the individual Commonwealth discussed.-Reuter. nations must be made strong through further increased ex- ports and anti-inflationary measures,

He told the Deutsche Sold-

tenseitung, a weekly publication for ex-soldiers, "We can start raising German forces im- the last member mediately sinte has ratified the European Defence Treaty."

(So far, none of the six states concerned-France,

Italy, West Holland, Belgium and mang-has ratified it.)

mon

Herr Blank said his office had sorted

than 100,000 up- plications, but these were for from enough to satisfy the need for volunteers.

NO DISCRIMINATION The planned German contin- gent would comprise about There would bo 500,000 men.

no difficulties in getting enough staff officers, but there was ex- pected to be a shortage of re- gimental officers, he said.

Lions

2. The Commonwealth must develop its vast indus- trial, agricultural and mineral

resources.

3. There must be adequate credit support elther through the International Monetary Fund or in some other way.

4. The United States, richest nation in the world. must adopt good creditor policies

cent

Ανα

the development US Withdrawal”

Protest By "Teachers

For Peace"

London, Dec. 29.

Tokyo, Dec. 29. The Tokyo Evening Nows the warned Japan today that withdrawal of two United States divisions from Koren brings closer the day when American troops will pull out of Japan.

Unless Japan prepared itself accordingly,

the English- language newspaper. said,

Japanese who bud been pressing the Americans to "go home" will forced to plead "Don't go home, Yankees

be

The

American President's decision to reduce the troops in Korea, the Evening News sald, "moves one large step closer to lhe point at which the pos- sibility of withdrawing some Americau troops from Japan "ay well become

the subject tan, both in

A Communist sponsored "con- Authorities here point out ference of teachers for peace" that if America increased her opened today and immediately import id multiply to a

by even one per cent, protested against the British Washington and

of serious con Tokyo: 4 No discrimination would be this

Government's refusal to allow "Americans are likely to ask made between former Wehrmacht per geln for the economy foreign delegates from West and if the boys can be brought home soldiers and members of the of the Commonwealth.

East Germany, France, Belgium from Korea, where

they still Waffen SS (Hitler's elite forma- The high American tarli and Rumanla to enter the

face the Chinese army across a of the biggest country. ono wall la

narrow no man's land, why not Each applicant would be barriers to increased and vital Judred Individually. on the dollar earning by the sterling Two hundred delegates and bring some of them home from strength of his knowledge and arca.

observers from all parts of the Japan, which enjoys the pro- Navy and maman qualities," Herr Biank

But the

Sydney conference British Isles are taking part to tection of the 13.8.

Force?" the stated.

newspaper will be mainly concerned with the

France Air conference.

said. The 100,000 who had volum putting the Commonwealth's Presse,

This is not a question re- teored so dar would each receive own economie affairs in order,

quiring decisions next week or a form soon containing numerous because the United Statca in

next month. But the Govern~ questions about their personallEM awaiting the report

ment would do well to include it in calculations for the pro gressive bulid-up of Japan's new armed forces.

[background and experiences. the Clarence Randall Commis U.S. Must Bear

He said wo Bilbo were ready sim, set up by, President Elsen-

for presentation to Parliament, hower to chart future American

one stating the rights and duties foreign trade practices.

of volunteers, the other establish- ing military conscription after the basic units of the planned i German contingent had been set up-Reuter.

Special Prices of Admission: Loge & Dress Circio $4.70, French Assembly

Back Stall $3.50 & Front Stall $2.40.

5 SHOWS ON FRIDAY, NEW YEAR, 1954, Extra Performanco At 12.00 Noon.

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TO-DAY &

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A Great-French Pictura in Gorgeous Gavacolor SONGS.... DANCES ........ BULLFIGHTS

"ANDALOUSIE" with English

Subtitlos

Starring Lule MARIANO ́•' Carmen, SEVILLA Distributed by Columbia.

POP

WHAT & REUNION!. CANT REMEMBER, HOW I GOT "THIS, jon, MY JOURNEY

GOT A PIECES "OF. RAW STEMO,

MA?

1984

High

Defence Costs

*B

RAW MATERIAL PRICES

The Commonwealth will cr

Washington, Dec. 29. deavour, meanwhile, to improve its balance of payments with The Defence Secretary, Mr the rest of the world by export- Charles Wilson, warned Ameri- ing more, particularly to the cans today that they must bear dellar areas.

high defence coats and accept The conference is expected of part of life as long

military service

normal emphasise the continuation

as Russia all anti-inflationary stope, threatenet world peace. greater production, increased Mr Wilson announced, in д exports and development of all year-end report on

on the United Commonwealth Industrial pro-States defence programame, that jects calculated to put the sleri-the tima had come for re- ing area in trading credit with appraisal of the free the other monetary areas. mutual security programme in

The Finance Ministers will the light of new weapons de

ore ways of securing me velopments and changing global stable prospects and prices for strategy.

world's

по

"Otherwise, it could happen that one fize morning the Government could find itself withdrawal for faced with a which it is unprepared and be reduced to pleading: 'Please, don't go home, Yankees'."--- United Press.

West End

Star Ill

London, Dec, 29, Miss Margaret Leighton, star of TS Eliot's new

London Coo- West End play The fidential Clock" was making good progress In hospital today after an emergency operation for appendleitis,

takon Mhe Leighton suddenly fil on Sunday morning and operated

the SITE

was

Paris, Dec. 20. The French National Assembly today began discussion of tem- appropriations for nn- tional defence covering the first two months of The

vital dollar-earning raw moi "The milltary weakness budgetary year.

terials such as tin, rubber, and which existed throughout the The National Assembly's Finance.. Committee Indicated wh the Commonwealth free world four years ago

produces in larga quantities; longer prevalis," said Mr Wilson that the defence expenditures

Main Commonwealth object in a report which commented would bo 1,105,000 million is to ensure that the United optimistically on, the defence fennes (US$3,167 million), a re-| States will continue to buy these situation, In Europe while taking | evening re duction of 122,500 million francs commodities for her stockpiles. a more sober view of condi- Her part is being played by. from the figure for 1953.

But it is recognised there are tions In Asia.

her understudy. Misa June American aid would amount limits to what the Common- As in our own rearmament Modhouse-Reuter to 320,000 france (US$914 wealth by itself can do on come | programme, the Initial phase million),

which of

186,000 modity policy bocaUFO any of the build-up was nearing million francs are direct ald, and stabilisellen netion must have completion during the Bacal 135,000 million frongs for equip-international support, prin year 1953, thus making possible ping the armies of the amo- cipally of the United States. #reappraisal of requirements

states of Indo-China.-

The

Finonio Ministors attach in the Bght of the current mill- cardinal importance to thetary allustion. United Press

Cinted

| France-PreNE.

** Delayed action

TOO 'I CHUE! YOU.

A SHOCK-COMING HOME Arte plais EYE LIKE THIS,

Churchill's Hand'

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London, Doc, 29. Londoners

Sir Wiraston Churchill arrive at 10 Downing Street today after his Christuma, break -natiood' that hia bandized Tell hand' ANO

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