1954-01-23 — Page 20

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CHINA MAIL

Established 1843

SATURDAY, JANUARY 23, 1954.

Seven Bank Chiefs Warn:

"U.S. Cannot Use Force Intense Competition To Free People" For British Exports

JOHN CLARKE'S CASEBOOK

Michael All Alone

FICHAEL WILH shown

the buy that

WILS

din- gruntled, isn't it?" asked the Clerkenwell magistrate, Mr T. F. Davies.

witness-box. the probation offlerr norided, "That's right, sur, the disgruntled boy,"

From the

NOT

MORALLY OBLIGED SAYS OFFICIAL

Baltimore, Maryland, Jan. 22.

The United States could not use force to free peoples whose inde-

Accession To India Is Final

Minto the dock. This is pendence had been taken away from them, Assistant Secretary of State

for Far Eastern Affairs Mr Walter S. Robertson said tonight.

Addressing the members of the Virginian Society, Mr Robertson said that though the re- storation of independence to those states which had lost it remained the constant concern of the United States, the American government could not consider itself morally obliged to liberate by force to witness-box of arms all those peoples who had had their inde- "He broke into his father's pendence taken away from them.

"The American people, I am aware, have A

frustration dissatisfaction and gnawing feeling of

The attitude of not drive the Chinese

he said.

Michael, a tousled, 10-year- old, looking #14(

glanced from

bench,

younger,

gas-meter and stole £3 145.

the probation officer reminded.

"The money was recovered,"

"Ah, yes," said the magistrate, over the results of the Korean war. Michael had been remanded in many is that because we did

custody since his first appear-Communiste back into Manchuria and fully liberate unce in court. The facts of the Korea, we failed in our undertaking," he said. cuse were recalled.

1.

UIL

TO LONDON

The official, who has been a ROM them emerged enough

principal udviser

POW the about Michael account.

matters through ไอ

most of perhaps, for his gloom, for his

Korean war, said that the Reds

gren! appearing a little disgruntled.

would "do thinking" before They

He was born in Ireland, uno of a large family. So large, that they were more than his another

"Obviously.

1310151 be matter of regret to all of us Uhat Communist power was not driven back beyond the Yalu and Tumes rivers frum whence come into Koren as a foreign invader."

"In addition to our concern

could manage Michael spent for the Koreans most of his boyhood in bleak-Chinese Communist sounding institutions.

COR

under

deal of

risked

Calcutta, Jun, 22. Kashmir's Premier Hak- shi Ghulam Mohammed said here today that Kashmir' accession India was "final and ir- revocable,"

to

fle added that "Neither Pakistan, the United Na- tions nor any other power อม earth could disrupt He Bald tbla alliance. but for the former Premier Sheikh Abdullah's arrest have "our

would been worse that that of Korea."-France-Presse.

another aggressive attack out- USA Does Not

side their borders.

He called this developmenal rule, we the most significant fact of the

must eccognise that the fact that entire complex prisoner dispute Face A

When his education was over, the Chinese Communists were Michael joined a dairying Arm

which overshadowed the Last

where a brother already work hol expelled from the whole of every lurgo numbers of people 4.33

ed auf mhere he stayed

urati

Korea

has

made

Цетта Jook

last February, when he deckled more formidable in some parts zimes are unhappy and want to

he needed a change

He set off for London, a small sturdy, independent character, In search of adventure.

unfortunate,

For

and a half of the war,

living under the Communist re of the world. And this is not

but ironical.

escape, and if a satellite

these dissatisfied among the nations with whom goes to war",

their best chance the Chinese Communists have,

people have' to escape on the battlefield, perhaps acquired this more

MANY REFUSED Here, he quickly got a job in

He pointed out that a gasworks. It gave him security imposing appearance, are those

wus not security surt but

fourths of all Chinese prisoners quite

refused to go back to their Red what he was after. wanted adventure adventure, fun, fur

In any future war, he said. world forces the free

might had much of that before.

these prisoners 5000 release after they were captured stead of holding them behind barbed wire until a peace was

uf

THE FAIR

or

nol

to

who were

U- particularily

a bome trust He favourable

against Communist China and homeland. whose views the

United Nationa Command nocessarily took into account."

he never

E quat the gasworks, worked HF the Basworks, worked found what seemed the perfect perepation-add-job man

with

Mr Robertson said the United

signed.

Slump

Says Colin Clark

Ahead

London, Jan. 22. The chairmen of the seven big banks have warned Britain this week that she should not be lulled into complacency by the improvement in her finances shown over the last year.

Most of the seven bank chiefs forecast in their annual reports a coming period of intense competition in exports when Britain may find trading conditions in the world exceedingly difficult.

that since

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Lord Balfour of Burleigh, ol improving the economic Chairman of Lloyds Bank, made prospects. A Kurvey chowing

M. A. H. Bibby, of Martins 1950 Britain's record of produc- Bank, suid in the annual report tion and exports has compared that there will be no "realistic" | HONGKONG & SHANGHAI unfavourably with that of other incentive to the nailon's industry western European countries, and commerce fill the effective He described it as "disquiet-top taxation is not more than

that since 1950 Britain's 25

cent of incomes up to ing" merchandise exports have de £20 a week and not mure than elined while the export trade of 75 per cent on incomes in the The Hongkong and Shanghal the other members of the OEEC higher categories.-Reuter. (Organisation for European

Economic

has risen,

Co-operation group

Chairman ci Barclay's Bank, the Mr A. W. Tuke, stressed danger of fresh claims by in- dustry for higher wages.

He said if these were conceded, "we may be thrown back into a state of

caused quite crisis Kimply by the impossibilty of selling our manufactured goods abroad."

ตลาด

NOT AS BRIGHT

Eric Str

Carpenter, Williams Deacons Bank, in his annual report; "In look- ing to the future, the prospect is not as bright as appears on the surface."

He

Jagan Wants Economic

Boycott Of UK

Cairo, Jan. 22.

The deposed Prime Minis- ter of British Guiana, Dr Cheddi Jagun, today said he would suggest to General Mohammed Naguib the idea

pointed out last year's of an economic boycott of good export agures arose from Britain "by a joint decision orders received some time ago ¦ of all colonial countries.”

and orders now are hurder to get.

Live

are entering an era of

The re Intense competition.

of Germany, surgence

Japan and other

countries 4.9 ex- porterslaken in conjunction with

of rigidity economic structure here, clogged and

hampered ૩૫ ૧૧ U by excessive taxation-pose grave questions for us all," he said.

Chairman of the

said the Benk, Lord Harlech,

efforts of the Govern recent ment to liberalise the economy

New York, Jan. 22. Mr Colin Clark, the Aus-

the three-tralian-born Oxford econo- mist who created a world stir two months ago by forecasting that the United States was at the brink of a business depression, said yesterday his estimates in dicated "a fairly serious de- cline,"

in-

did not show

that a

Nations victory in Korea, con- celved in the terms of the pro- ject, was a complete victory.

The dlonger

more Such

They Another plan being considered a fair.

Commun allacks had bren by American officers, ho major economic slump would All through the spring and greatly reduced.

said, was to conduct more in- occur, he told a meeling of the sununer, Michael toured" with Dealing with the Korean pretensive indoctrination of Com-National Industrial Conference

soner issue, Mr Hober201 said munist prisoners, The UN Board. that the United Nations had also won a victory on the principle that no Chinese or Koran pri But now, with the fair people sener should be forced to return all gone, the blaring music to "the tyrainy they abhorred." silent, and the breathtaking

the fair, and when the season ended, he went with it to its East End winter quarters as a main- tenance man.

of

GREAT OCCASION

Chinese

and

Command's Civil Information Mr Clark, one of the world's and Education programme did leading mathematical statia- something like this during the ticlans, had an audience of Koreau war, but on a small 1,000 business executives and scale-United States.

economists who had filled two ballrooms of New York's Astor Hotel to hear hun.

rides only 50 many pieces dead machinery nowing atten- | He said that the freeing u ton, the glory the job had for 20,000

Korean MONTE Michael departed. He asked for prisoners as civilians was a great his cards.

occasion in the history of The Communists it less mankind.

This time, he found

easy to get D new job. In would, in future, have to Lake

Christmas

week. he pocketed Into

men account that their

asylum with the

his pride and went to visit his might rock

THE FATHER

War

HE was coolly received at his carnised by history as a great

room

father's home, given a cup

v.c.ory

also

סתן

our

ride"

CARLO

RALLY

was

consumption.

and

Dr Jogan said he had found enthusiastic support from the indian governament during his stay in India. He emphasised he had been warmly welcomed in New Delhi,

The former Prime

Minister

discussed the possibility of in- tervention before the United Nation

uld he and Pundit Nehru had

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CHURCH NOTICES

BT. PETER'S CHURCH The_Milarious to Seamen, 40 Gloucester Road. Tel. 74221 8.00 .. Holy Communion. 7.00 p.m. Evening Service, (Other services arranged at atly

Claiming that the British Midland Guiana bauxite mines were en-

tirely controlled by America, Dr two by request). Jogan Fuld Washington had played the determining role in

the recent crisis there.

BOYS AND GIRLS SOLUTIONS

those

PETER MOK

HIM YICK HONG MACAO

MANUFACTURERS' REPRESENTATIVE

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33 RUA VP. ARCOS TEL. 505 CABLES: PETER MACAO Agencies Invited

H. K. S. P. C.

JUMBLED the

HENTENCE: Ireland's | Noodu financial support for the

Stone is said to

sake of poor children famous Blarney, conter oratorical powers on who kles it.

MIX-UPS: Killarney; Dublin; River shammon; Emerald af

EVEN IN STERLING AREA

Chairman of the National Provincial Bank, Mr D. J. Roberts, said Britain was "tend- ing to lose exports orders even in sterling area countries".

REBUS: Republic: Island: Shamrock; Blarney Stone.

IRISH CROSSWORD:

were "a striking act of faith" in view of the uncertainties of

Dr Jagan said his party, the the balance Di payments, in-People's Progressive Party, had sufficiency of productive invest-

no objection, once the indepen. ment and the rising trend of dence of British Gulana had been acquired, to be members But. he told his shareholders, of the British Commonwealth it would not be justined unless after the Indian fashion. Britain exorts all the energy

said The deposed Premier and resourcefulness that can be that he expected to spend two mustered in support of exports weeks in London after five days and competitive power.

in Egypt. He would then re- Chairman of the District Bank turn to Georgetown.-France- The present recession would Limited Sir Thomas Barlow, an

big North of England concern, differ from that of 1049 in that said: "Trading conditions are it would last a year and may in many ways exceedingly last longer and in that the con- difficult

subject to in- traction of business activity

calculable change...there has

tendency the been would be sharper unless

for some to buy from countries Monte Carlo, Jan. 23.

proper action government took Ronald Adams andi James early enough, he said,

United States rather than from father, who now lived in Lon-uther side, declared Mr Robert-Titterington of Britain were first Mr Clark, a former financial us" don, too, to ask him to put him son.

"No major group of our ex- Australian the in the list of 100 Monte Carlo adviser to up. Michael had been out

He said the present greatly

of the ports appears to be really strong now Dean Rally entries to qualify for to Treasury, work three weeks by then.

timinished prospects

day's speed test to decide the Agricultural Economists Research enough to hold its own against. would, in his opinion, the

external pressures". Rally winner.

Institute at Oxford University. Their car collected only 71.8

FAITH SILAKEN Не

construction said that vtory achieved in Korea which penalty points. of tea, but told there was no should

Second on the list, announced costs in the United States were be maintained

Louis high relative to other costs. The for him to stay in the

through

North Atlantic here yesterday, flat. "But we're going out now,"

Chiron, the famous Monaco big latent demand for housing Treaty Organisation,

that America

bo his father said, "You can stay

would when

construction He said that the Communists racing driver, in his Lancin within here till we

released come back, if you

points penalty

full like, have a bit of a sit-down." could

expected be

He is considered favourite for costs came down made themselves and Michael stayed, and while the "strengthen

means other the Rally championship as he scale slump in business extivity flat was empty, rifled the gas-weaken

"For this reason, particularly meter. He did not bother to run than open war. They could be knows every twist and turn of "impossible" he observed

speed circuit today, rebellions Grand Priz De Monaco, to back

nothing like the 1820-33 collapse local governments In

to be feared now," Mr Clark as they cover

The 100 competitors have to.

five laps of the 3.146 declared.

of the housing A renewal kilometre course with its hair- Warning against the tempta-pin bends and tricky slopes, boom was

one of the things The magistrale asked Michael tier of thinking that the Com their fastest lap counting. that would break a deflationary reaction after recession hat he wanted to say. "Nothing munists were softening up, Mr

The 100 teams were selected} chain I can say," came the answer. Robertson stated: "We are now

course through a "If you've got pride and self-entering a period of increasing from their performance in the had run is respect, you'll take a job

road test since Monday, when decline of something like 10 per and rather than diminishing diffcül-

they started from eight different cent in gross national product, stick at it even if it's not a ty. It is up to us to destroy pleasant one," the

time the world's By that said, "Firat earn your living, munist triumph.

By so doing, pon Monte Carlo, 331

line finish

By at CHA on faith in the American After that you can talk about we shall strike at the very heart Thursday.

crossing the

would be shaken and the poll- earning your, fun."

of the monster."

The 100 cars include teams tical advantage to Communist Mr. Robertron sald that the 15 countries, France has propagandista might well affect "pansion of the empire of 30 representatives, Britain 29, the courge of history, he Polding and Moscow must be Germany seven, Norway and argued.-Router. stopped it we can demonstrate Switzerland four cach, Ireland how infinitely more our way of and Italy two each and one CANADA Maple Arple life has to offer mankind." There from Australia,

Austria, Simple Pure Chesto - Chase would be, he said, a revulsion Belgium, Brazil, Monaco, Spain Scotland Yard Arm Aim everywhere against Communism and Sweden. China Meim Main - Chatice - Change and a convulsive break-up, of Special.

Barter Darker Dog Dr the whole monolithic structure.--

away.

expected

-I think the thett was rather against

now

Us"

by

in the nature of 'paying out' his the free work, Just father," said the probation

officer to the magistrate,

what

were doing now in Indo-China.

72

a

the

tha

magistrate the illusion of inevitable Com- starting points and converged he said.

Cors

He put Michael on probation,

DARTWORDS SOLUTION

Pursue Purse

Curso-

Bhovel Pick Spick -8pan Franco-Presse. Spain - Caille — Elephant. White While -- Whale -ălubber -Labber Led -- Card m

Sharper Sharpen Whot- Wheat Chaff Trash. --- Bra - Brow_- BoM -- Doit -

BOTTLE.

'What's His Line ?? Solution BILLPOSTIR

London Represa sérvids.

INFINITELY WEAKENED Seoul, Jan. 22. Tho United Nations High Command thinks that Com- munlar's armica have been infinitely weakened" now that their saldica know that they ean escape to the free world by becoming war prisoners, a highly placed source said today.

Printed and published by WILLIAM ALICE CIRINHALE for and on behalf of South China Morning Post Limited at 1,5 Wyndham Street, City of Victoris, in the Colony of Hongicona.

front

Mall

Death Penalty For Two Tunisians

Snowslide Buries Two Trucks

Saltese, Montana, Jan. 22. A huge Saowallde roared down the slope of Lookout Pass near the Idaho-Montana border carly today, burying two', big trucks and their drivers beneath about 30 foot of mow, United Press

Williams Wins

Tunds, Tunisia, Jan. 22, Two Tunisia wiene mentepiood to death by a, Brench military ritmel bociary for the murder of

Berlin, Jan, 22. Coland Norbert. Darand during

(Britain) Johnny Williams noil-franchi rkling · two", Year

knocked out Gerhard Hecht Another Tunkulan was given a (Germany) in the second round life, sentence at hand labour as of their banyyweight night here

tonight---Reuter,

"If our competitors cut down the price of their manufactures, and we fall to do so, the forms may still be in our of trade favour but the trade itself will be lost".

Most of the bank chlets plend for laxation reform as a means

ATOM AIC VIAL Mol ERR

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CIE DES MESJAGERIES

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