1954-01-29 — Page 9

THE CHINA MAIL, FRIDAY, JANUARY

∙1954.

The Queen

Walked Down The Main Str

D

Page:

23023 BMW

AM

erected in the As the Queen and the Duke of Edinburgh left the stand, Main Street, to walk back to the station after their Civic Reception at Stratford, New Zealand, the crowds of cheering people and children pressed forward

their endeavour to give the Queen a Royal welcome.--Central Press.

Beethoven & Tchaikovsky Cast A Magic Spell Over British Audiences

London, jan. 28.

In

More people attend concerts in Britain today than at any previous time within living memory. Experts calculate that in London alone, one group of five halls and opera houses is draw- ing audiences totalling an average of 100,000 people a week and certainly well over 5,000,000 a year.

but orchestral works are top Demand is for all kinds of music, favourites, and the programme which includes a pianoforte concerto has few challengers in popularity.

Often the music, rather than the artist, is the compelling influence, though naturally the more brilliant the exponent of a work, the more likely the chance of a packed house.

Two

above

all into

otherwise

composers, others, continuo 10 exercise a | Tehnikovsky programme.

spell over the British concert audience-Tehal-: kovsky and Beethoven.

magic mnnss

for

all

It

of the percussion department, the theatricality,

"Most of all, they love the meindie werdth of Tchaikovsky' music.

It seems practically impossible this programme to fail. has been given time? without

Mozart & Brahms During World War II, when number at the Royal Albert Hall It is concerts were one of the few which seats 7,000 people.

li puzzles some managers that forms of escapism from Hitler' to be given there again shortly, bombs, the public becaine selee- and judging by advance book the saine audience whaleh thrivea whether on Tchaikovsky is drawn strong- tive to the point that only pro- tags, it

different ly also to the entirely grammes based mainly on the, there will be a vacant cat.

Beethoven.

Not only docs Beethoven in angle doses, to strongly patronizes any

M

doubtful

works of these two masters had The same programme is also anything like guarantee of given up and down the country In many other eilles and towns, success.

Today, the

of the Seidon has it been ta-te concert-going public is wider, misfire. 11s particular appeal is giving

known

E

It

rollsh

but

14

cycle of the

series nute

five Plano-

bul Tchaikovsky and Beethoven, 19 the yeunger concert-goer, symphonies or the continue

to have unchallenged though many veterans succumb forte Concertos-or a mixture of audience appeal.

equally to its charms.

Indeed, if a concert promoter wants to be certain of parking a hall, he has a cast-iron formula ready to hand.

auct The

a

*ven

almost

now, concerts

The the I, the

both,

Until the war ended, piano. Tell concurt managers

they forte concerto was nn music is backneyed, shrug and answer that it is what indispensable part of a symphony

They will concert here, and the audience wants,

there are many though All he needs is a good arches add, too, that the same audiences which omit it, the demand has ira,

competent conductor, will also patronise programmes planoforte

ho which even the most indoctrina- not lessened.

The

Concertos Soloist,

of which following Tchaikovsky works: ted highbrow cannot describe, 24

never tires arc as public Planoforte Concerto No. 1 in he often does Tchaikovsky,

Number Tchaikovsky Fiat Minor: Romed tid Juliet pandering to the masses

concert Rachmaninoff Numbers 2 and 3, Swan

Ballet

known Chr Overture;

the Grieg, the five Beethovens, tried to Music: 1812 Overture,

explain the manager

the Two Lizis, the two Brahms, To this group, one famous Tchulkovaky vogue. impresario always adds the first "There is so much going on so, and one or two of the Mozarts.

the single exception of Liszt,hold the interest," he said. "The Planoforte Concerto

Tchaikovsky, the Rach- the which, for Σάπιο unexplained | younger people in particular like reason, is always accepted by the glorious noise of it all, the maninoft No. 2 is played more audiences as a welcome intrusion masses of sound, the busy-nes'

Lake

PENINSULAR

SAILS:

of

With

often at

at British

contorts concerts

thari piece of other possibly any orchestral muste. Yet the only other of this

composer's many works which is in really wide demand is his Variations on Theme of Paganini-virtually

the

& ORIENTAL pianoforte conect!

STEAM NAVIGATION COMPANY

R.M.S. "CHUSAN”

NOTICE TO PASSENGERS

BAGGAGE:

Monday the 1st February, at 12.00 noon for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said.

time.

u

fold nf

Music. public taste,

BERCE

SECTION

Cat TEAP Aligst sok v LA

GERMANY EXPANDING TRADE

Development WITH

Financing May Prove A

Problem

London,

By Susan Strange Some calculations made last week by the chairman

STH

AFRICA

Big Market For Cars

Bonn, Jan. 28. South Africa is rapidly resuming her place as one of West Germany's leading customers, according to economic sources here. She is already second only to India within the Commonwealth.

The traditional links between the two economies, particularly strong in the 1980's have been re-established and are being strengthened by the rapid South African advance towards industrialisation, these

sources say.

The German economic journal, "Der Volkswirt," has published a special. issue on economic relations between South Africa and Germany, with personal contributions from Dr D. F. Malan, the South African Prime Minister, and Dr Konrad Adenauer, the West German Chancellor.

of one of Britain's lending joint-stock banks suggest forcibly that this country may prove even less capable of Anancing substantial economic development Ini than the Commonwealth

South Africa was among the South African trade by soft home and of outdated machinery

In return, In their factories. many people-including the first countries with which West currency countries. Commonwealth

Germany established diplomatie special facilities were extended Finance

relations, in 1951.

for the import into West Germany Ministers-suppose.

Tradic between the two of South African wool and mostly destroyed during the war. Only recently, at their countries now Bows at ankarakul fleeces, whale oil, fish, A leading official of the Textile Manufacturers' Association has Sydney conference, the Ministers annual rate

than wine, fruit and fruit preserves, estimated the manual investment resolved to press forward at full 100,000,000 dollars. Wost Ger-and many other products.

requirements for modernisation and nationalisation at about 600 million marks for many years.

of more

speed with their plans for man imports from South Africa

economic development. They are principally basic foods and received strong encouragement raw materiais. In return, West

British Chancellor Exch

who told the con- Exchequer, ference that the British Govern- ment in future would relax the

BITUATION IMPROVING

Modern textile machinery was

com.

What A Man!

*London, #2, 7

Ollo Melkery (saha 2, la, olalmzıl to be 120 years old, has killed 200 bears an well as tigers, will beans and :eiks during a 'lifetime of hunting, according to To, the Sevict news Chius Mail

agrboy, Special.

NEW YORK

STOCK MARKET

New York, Jan. 28. S cc rallied smartly in in- creased trading after President forecast an Carly Elsenhower end to the "minor" businces decline

Early market action was irre- with recent leaders oft as gular, much as a point or more 01 profit-taking.

was Activity

Then the President, In'

will be

re-

A further obstacle has bouti from Mr R. A Butler, the Germany supplies flatched and the system of import licensing Actual investments It 1933; light.

the semi-finished industrial products.

lal products. in South Africa. Imports fromni amounted to only 230,000,000 In the early years of economie foreign countries were restricted marks. He said that the present economic message to Congress recovery,

West Germany was

nal The strong at boon, said "there is every handicapped by the classification an amount based on the total low prices

of importa from each such foreign competition on the home reason for confidence" that US "hard" by

eoantry in 1948.

economic growth market, owing to almost pletely freed Germen textile im-sumed this year and outlined the This placed West Germany in ports, made it impossible for the Administration's plons to com-

particularly unfavourable industry

Itself to intse

bal a depression if one comes- position because her foreign trade necessary capital.

with ender credit terms, new in that year was negligible,

lax cuts, and a vast backlog of since revival did not come until Before the war 'textiles rc- needed public works. after the currency reform of prosented well over 10 per cent August 1948 and the first stage of all German exports. By 1051 of industrial reconstruction. the figure had fallen to 6,2 per pent in West Germany and to 5,2 per cent in 1953.

restrictions on the type of loan:

her currency as floated by the Dominions in the the South African Government. London market.

This meant that trade was sub- Now, Lord Balfour of Burleighfect to special restrictions in his annual statement to the terminated only by agreement in shareholders of Lloyds Bank has August 1051. suggered that Britain today la West Germany then received Landing to rest

rest on its economic all tho advantages enjoyed in za, and is making far too little Go for the future of its

own

for

economy, let alone and Industrial development oversens.

This complaint has, of course, been heard before, And when made by bank chairmen, who traditionally begin in January the mounting chorus of appeals from the City and industry to

Brillah every Bri

Chancellor con- sidering his next Budget to

lighten the burden of taxation and give the investor a break, it has a familiar ring.

អ

HONGKONG

SHARE MARKET

Д

SEEKING NEW SOURCES

the

A sections picked up and closing prizes were near the day's highs. Of 1,130 issues traded. there were 408 higher, 408 lower and 324 unchanged.

Volume was the heaviest as prices moved to their highz.

Saldy for the day totalled 1730,000 shares compared with 2,020,000 yesterday.

In spite of representations, South Africa has not changed her boats of licensing, but the situation is improving with an

The omcial hoped that it might increase in her import surplus

increase the and the

possible to consequent general be liberalisation of trade regulations, presont export rate amounting

Anticipation of a favourable to about 10% of production to The contrast in items of trade between 16 and 20 per cent this Bethlehem Steel report played a part in the cally. The market between the two countries is year.

was not disappointed. Bethichem In responsible for a difference

The textile industry is almost

directors after the market closed the incidence of duty. Such im-

declared a $2 quarterly dividend, ports at fruit and cereals enter entiraly dependent on foreign West Germany duty free, as do sources for its raw materials and twice the usual amount, and re- most raw materials. West Ger- therefore exceptionally vulner- ported sharply higher earnings

Other steel. were man experts, however, include able to overseas price fluctun- for 1953.

steady of finished.

Nearly

ol Wow! large proportion-

Industrial

Germany's wool comes from the Mctors moved up from early textile and

British Commonwealth. Until fosses SALES which are subject to relatively recently, about half the colton SHARES BUYERA BELLEBS

The N.Y. Stock Exchange bond African customs

(From Our Correspondent)

Business doce en the Stock Exchange amounted to $707,278.

and quotations Novo

But this time, Lord Balfour backed his appeal with has some startling comparisons be- tween Brilaini, a source of inornings transactions:- Investment

samo capital, and other West European countries. In recent years, British govern- DANKS

lended to take a "holter-than-thou" at-

ments have slightly

HK Bank

... 1053

titude towards seme of their INSURANCES West European neighbours

they considered

were vhom following economic policies less austere or careful than them- selves.

on

BRITISH GRASSHOPPER But in the years 1948-59 it they.

-057

Irombard Union Underwriters SUIPPING

Waterboot Ana Nay...

DOCKS. ETC.

Dock

*

the

heavy

South

West German

The American Stock Exchange

13 1650 charges. Only certain items con- Imports came from the US. High volume was $4,270,000.

1000 sidered vital to South African prices have e

industrialisation, including steel buyers to attempt a transfer of volume was 450,000 shintes wire and iron ware, steel pipes, their purchases from the US te

such 03 Pakistan, i locomotives, and ratiway con- countries

Turkey, and Egypt. struction gear, are exempt.

57

0.50 1.30

13 # 850

30.40 1.20

215

S'hat "Dock Wheelock

M (N)

1.30 0.20 0 4000

LAND, ETC.

HK Hotel

B.85 8.03 1000 # 8.00

Prevident (0) 13.70 14 550 @ 13.30 | Jn

tarin

STILL RISING

Total imports of textile raw materials and goods were worth and 2,301,450,000 merks in the first spite of restrictions

barriers, however, the ten months of 1968, against

94 reestablishment of West German 1,934,895,000 marks in the same 6000 20 markets in South Africa has period in 1952. Export reached

marks, boen remarkably effective. In 930,348,000

compared 070.604.000marks; res 1060 60 8.90 1938, South Africa imported 2,787 with

100 88 Passenger vehicles from West pectivly. These ocial figures IK Land ... 76% 7715 GOD OF 77° Germany. Last year the total also include imports and exports 0014 passed 5,000 and the rate is still of clothing. Ilumohreys 10.20

22375 30000 2.271rising.

Lond נתוניל

that it was not appears but the British who have been playing the improvident grass- hopper. While Britain in these five

devotel

the years average one-eighth of its national income to saving the formation all forms-six of capital in GIL West European countries devoted,

average,

The a quarter. lowest comparable figure in any one of these countries was one- Afth.

Even

if the

comparison is made in terms of net capital is, the amount Cormation--that

as distinct of new Investment from the mere replacement of obsolete or outworn plant-this has been

half as more than

In the continental large again countries as in Britain.

Moreover,

Lord although

Rope Balfour did not press the point, STORES, ETC. it is well-known that in Britain Dairy in these same years, the great of new investment has been bulk.or

the housing pro apart from gramme in the nationalised COTTONE basic industries,

..

The considerable.

In one of South Africa's major prices was

projects, the

Dow Jonca closing overiges

were:

30 industrinis

20151

20 mil

100 BJ

15 witiltics

54.13

110.50

18.00:

150.00

United Press.

13 stocka

40 bonds

Comm. future price Index......

New York Sugar

Futures

decline, is resorded as very

A New York, Jan 28/ "Sasol" serious especially becaudo it was

World No, un futures plant in the not the result of lower produc-today clored unchanged to two 1000 br 16.16 Orange Free State, the German tion costs, industriellels said. poris higher with sales of 181

as 100, the 1953 contracts. 100 or 11.00 Fischer-Tropsch 200 u 3014

process

Js in Taking 1951

Future closingS: -- from com- price index worked out at 80. at Hoiten, Ruhr, and 1200 315 Frankfurton-on-Main,

1000 31 Se, under licence 300 314 panics

Healy UTILITIES

Tran

C. Light (0)

20.40 29.79.1000 ♬ 20

1000 / 20,50 10 15.20 1000 kr 14.90 postwar

633 15 ail-from-coal

C. LHR (N) Betre

22

... 314 31

Mocan Telephone INDUSTRIALS

Cement

Elec. 10.00

30

800

20.80

1000

2500

2011

the

.... 10.70

Sion:

27 220 300

Yarn production in the Brat

March May 11 months of 1953 amounted to The situation is summed up in about 648,000, tens, compared July

September 20.40 20.70 500 26,20 the words

October March Spot

March May

Contract No. 4 (world) 2

JIST

3.441

sente per lb. lap Cuva)

Contract No.

L. Crawford

Ewo

• 1.5

of Dr Wilhelm with 329,944 tons, in 1952 and. 20.40 Deutler, executive secretary of 800,904 tons, In 1981-China

Mall Specia). German Industrial Fodera- "The gratifying develop- foreign trade 20ment of German

with the Union of South Africa 3500 7 27.20 during recent years proves

that

500 7 27.30 German industry has succeeded 25% 1500 @ 25-30 In resuming its traditional con- 1000 185 oction with this market, which Texille Corp, 7.10 7.20 3500 F 730 is very competitive in price and

2000

quality. 2.17 1000 330 Texille. Corp

3600 720

Real domestic investment in:

broader than in war-

Britain in 1852, for instance, was na great in the nationalised one- MISCELLANEOUS Is still very selective.

tenth of British industry sin Yanging Brahms has a high place, and

Youmali the nine-tenths of industry still Sibelius. Dvorak, Richard Strauss n the hands of privately owned and Mozart have their loyal

har This tendency, following

companies. The music of the Englisit so far remained anebocked, and for Invest. the margin deft-over Dellus, with Its poignant nostalgia, has a powerful ancealment overseas is correspondingly

limited. to a limited but growing public, and some of the younger Britisiy composers are also good concert "draws,"

Among the elders of British music, Vaughan Williams holds

place of his own

GK

US COMMODITY MARKETS

South

the

con-

Singapore Rubber Market

Singapore, Jan. 28.

September November

äppte (cents per lb. clt-1

ex.dock)

United Pres

CHICAGO GRAIN

FUTURES

Chicago, Jah, 28.

Closing Prices

{Prices per bushal ini center

No. 1 rubber ner (b; Fab.::54) -54% Pun 200

Mar. MES DA

No. 2 rubber per

No. 3 rubber per

Wheit, No. 2 red

54-84% Mar. 215jili) 21212(1)

May July

No. 4 rubber per lb. Feb, 20-501%- Spot ubber unbated

Blanket crepa No. 1 pale cripp

United Fresn

LONDON MARKET

6414-5116 Sept.

Nov.

-44-85

Corn, No. 2, yellow

Spot

Mor

May

July.

Sept.

Nov,

$18,000.

The rubbe market was quiet. "In addition, German industry. will be able to make a valuable There was small trading and 141 200 m 140 contribution to the further some enquiries for lower grades.

the development of

Future dosings that African

by economy" establishment of branch cerns and processing factories, New York, Jan, 28. 2 the selling of licences and the workers of skilled Leading commodity futures exchange

of "know-how."--China ALREADY MORTGAGED closed mixed today with lower and

Coffee Savings in Britain have, it is overtones.

ductunted Mall Special.

Gross reflecting the true, been rising over the past widely,

CONCERN OVER TEXTILES - year or so. But not nearly fast currents of the US Governa

Felt Frankfurt Jan. 28. enough to equal the investment ments investigation of rising

-West German textile manu- records of the European countries coffee prices and continued firm

Landon, Jan. 28. ... And price ideas Brazilian ox". queled by Lord Balfour.

facturers are generally satisfied The rubber market was dull ravings are already, porters NNE AN axira

2033,. but with. No. 1 Ris spot" quoted" 41.| mortgaged, as it were, by the Grain futures, however, gar-with their sales in

present 16% reche per ib. Pričes Government's plan for expensive orally were dosier on a lack of four that the slight.

2016-1019 modern lantion

A considerable decline in textile No. 1 Bas Do

Settlement house "tern. !” Prézs. and over-

and an extremely low NEW YORK COTTON prices roads and her out-dated

1015-201 export rate hayb become New York. Janə 28.

Closing Prices matter of stricus concern to the Jarge produce a surplus

Jan 27 Jan. 25 | Industry in selle of the expansion

General markets, eit baals, ports: 34534000 of production and sales and the Feb. deejayso: 10-11/15 Lead,

37.89133.07

-185/10/10/5/18 S896-06-06 favourable employment alluation SLP)-92183-043ast year,

Kataim, krape thick... 1995-

United Press.

Copper NEW YORK/BRAKKESTUO. POL

These

Wharf Co.'s Godown at No. 2 GATE. appear to have the Elect not of adogrammés. for follow-through 'support-United recess may grow later this year.

for

7,000 For "Messiah'

In these slands of 00,000,000. Passengers are requested to send ALL people, radio, television, the baggage to the Hongkong & Kowloon gramophone record and flims CANTON ROAD ENTRANCE, by satiating public musical appetita railways.

but of simulating 11.

Fortunately NOON on Sunday 31st January, 1954.

they are now in a kamusic-lovers, enough to take care of theio de- i Spot The majority of the business hère, and expanded Jay SPECIAL NOTE: With the exception of hand packages. to

carried by passengers themselves, not all, have now some form of wealth the

great British orchestras, though, development in the Common- rate of saving in ALL BAGGAGE must pass through mibaldy, which means that they Bellala would” have "to" "Increase the Wharf Co.'n Godown for loading are able to travel about the very fast shuleedin on board by ship's slings only: country, diving concerts: Wilch i Thu year 10 domade for naw would not have been economal capital for British Industry, may cally practicable pre-war Waldbrous than it hi

PERMITTED TO ENTER THE More and more fro

WHARF

EMBARKATION: (Pänsterers, should embark

between Watiyat:

And one event 0.80 and 11.40 am.” on Monday) Int: burgh, Dow

kry, 1964:

in new,

„liero droji

32.04 -*- (23/0NI

A

- An - Hradditional 1's Skidt for tmonetainty, is the decline in the roosive demand on the home market which was a result of the replacement of textile goctis Rates jo during the war.

Now that household good

ADY.

Thin

New Tuisben: "fxtarr

T

New York, flour, 260

-United Fress,

New York Métal,

Future

York