1954-01-25 — Page 9

with

A stern view of the KISTA DAN, with the flag of her homeland firing along that of Austraila and the United Nations. She was originally built in Denmark for work In the waters around Greenland.

Denmark's

Takes

On An Icy

"Kista

12 Men Adventure

(By T. A. G. Hungerford)

THE CHINA MAIL, MONDAY, JANUARY 25, 1954,

Dan"

Trip

Next time you look at a map of the globe, don't stop at Australia. Let your eyes travel 1.500 miles south across the great Southern Ocean to that mysterious land of ice and snow which guards the approaches to the South Pole.

Antarctica is a word to juggle with. Within a couple of decades it is going to figure in the world's commerce and conversation just as largely as uranium does now, and although the penguins, aided by climatic conditions of unimaginable severity, have held it successfully since the last Ice Age created it, a term has been put to their reign,

Australia, with the greatest stake in this territory, large as Europe and Australia combined and a treasure house of nobody knows what natural resources, is at last fully awake to its potential worth. Steps are being taken to comply with that international law which decrees occu-

well as

discovery essential to clinch ownership of new pation as territory. And there's not too much new territory left to occupy on this old globe.

TRADE

and COMMERCE SECTION

WARNING BY SEVEN BRITISH BANKERS

BUTLER MUST CUT

TAXES

Export Drive In Jeopardy

By Our Own Correspondent

London, Jan. 24.

At this time every year the Chairmen of leading banks put aside their everyday chores to ponder the state of the national economy. This is an important event in the business world for words of undoubted wisdom that follow these musings and which are liberally reproduced in the financial press-may and probably do in fluence the Chancellor's own annual meditations.

This year the bankers have turned their thoughts outward-to the world in which Britain has to earn her living. What they see is by no

'Andy' Helps Fight Against UK Potato Disease

Edinburgh, Jan. 24.

A Bouth American wild potato, familiarly known *** #andy."

helping

fight

British welentists jo

petalo dicess,

"Andy" (rea) name: solanum andigenum) one of a wild species of potato four growing 1 Andean countries.

Helenists in A Kovern ment arricultural research

station hers have been crossing "Andy" with or- dinary British polato varie- ties in an effort to develop resistant to cel- worm, which attacks early rotalo crops particularly,

Experiments so far have shown good results and the scientists hope to be able to introduce a new potato for general use Boo-China Mail Special,

means reassuring. A world in which the spectre HONGKONG

of competition has become a reality. A world in whose markets Britain will lose her place unless--- what?

com-

SHARE MARKET

Block

(From Our Correspondant)

Buriness donu on the Exchange amounted to 177.00. Noon quotations the morning's transactions;-

There is no short answer. Or if there is the Bankers do not know it. What they say is that no one can afford to shirk his responsibilities. Whether British

the stiffening goods sell abrond in face of petition depends upon the actions of the humblest trade unionist as well as the Chancellor of the Exchequer.

The bankers stress the folly Sir Thomas D. Barlow of the of the wage-prices spiral, The District Bank: "Lightening (of motive force which drives this taxation) would most effectively spiral on its dizzy ascent is no augment the supply of capital longer the rising cost of living for industrial development and ARES BUYERS BELLERS SALES but a trend to higher company to Increase production." dividends. Knowing that dividends are rising, the worker concludes that profts are rising

therefore

his

too and that employer can afford to pay him

more.

The

attention

mú

$713

UK