1954-02-08 — Page 11

THE CHINA MAIL, MONDAY, FEBRUARY 8, 1954.

First Japanese Ambassador To West Germany

Professor Heuss (right) the President of the West German Federal Republic, the talks to Schunichi Kase (left), the Urst post-war Japanese Ambassador to Republic, after the latter had presented his credentials at Bonn. The Ambassador has been in the diplomatic service since 1921, and

adviser at the Japanesc Embassy in Berlin between 1940 and 1942-Express Photo,

WDB

"Emperor Worship" in Japan revives fears of a resurgence of Militarism

Prince

Akihito Should Fit The Role Of

The "Democratic Emperor"

Tokyo, Feb 7.

Nowhere is the conflict between the old and the new in Japan more apparent than in the Imperial household. Rumour here has it that behind the moats and battlements of the Imperial Palace, the "old guard" of the Imperial Household Board are making plans to re-establish the legend of divinity which surrounded the Emperor before Japan's defeat in World War II.

Liberal newspapers and magazines daily shout their warnings that moves are being made to turn the clock back and restore Emperor Hirohito to the deified position he held before the occupation.

They add that such a retrogressive step would help the militarists who led Japan into the Second World War back to power.

If the Household Boord bas Since his retum from abroad,

break with tradition America-Japan Society luncheon,

Yet, despite these and other signs of a crack in the barriers

any such alms or ambitions, it young Akihito has settled down

less exciting life of a formality which have may And itself opposed not only to the

Prince. But surrounded the Imperial family but Japonese Crown outside the Palace, from also from within.

he has taken an increasingly in- for hundreds of years. "Emperor in Tokyo's social worship" is by no means dead. For the Board has an opponent formal part

Each day a party of men and the 20-year-old

of the life. son

the quest at

into Britain-Japan women file

the Imperial Emperor, Crown Prince Akihito,

Society dinner and again at an Palace to clean, sweep and polish. The

ordinary But they are not abroad, began with his tour

Crown Prince nol

impressed cleaners. They come from every undertaken

the 125th the direct descendant

members with his

casy, of the Sun

yet walk of Japanese He, and they work without receiving a single Goddess but as any other well-quietly dignified, manner.

His speeches were marked by Yen in payment. 10-do traveller with some im-

which

would informality an portant friends.

never have done for a member of the Imperial family, for less' the Crown Prince, before the

19

He met Presidents and Prime Ministers, He also net Alm actors and beauty queens.

Ha

to the wn", father, as her throne, bad travelled to Europe in a Japanese warship and for all the wordly experience he gained might just as well have stayed at home.

Onc leading Japanese newspaper devoted a third of column to discussing precedenter inclusion of a small joke in one of them.

Famine Rears Its Head in Africa

These Worms Strip A 6ft.

Plant In Minutes

Ndola, Feb. 7.

Six million Africans in the two Rhodesias and Nyasaland are today fighting a battle which will decide whether or not famine will menace the Federation in its first year.

Salisbury,"

Unpaid Cleaners

For the.

them

at

was

hand.

has been widely The system criticised by liberal Japanese who associate such practices with the old Imperialism.

They say that if such "Emperor worship" is encouraged, it could where the Southern lead to a situation The battle is against a TT10:55 In invasion of caterpillar known as Rhodesia, householders have tried Emperor could easily assume his the Army

Already to save their lawns by turning former power. Worn, Southern Rhodesia is striving out poultry

attack the desperately

to repel waves of "worms”

the Birds soon greasy-looking retired gorged, and the worm

which looks | advance resumes

variant

TRADE

ananci

COMMERCE SECTION

Commons Debate On The Sydnoy Finance Ministers' Talks

•

Preferences To Stay In

UK Trade

BUT EMPIRE DOES NOT WANT SYSTEM WIDENED

From Our Correspondent

London, Feb. 7.

Though he tried bravely to conceal it, the Chancellor of the Exchequer, Mr Butler was obviously not happy when he opened the Commons debate on the Commonwealth Economic Con- ference. In defending the doctrine laid down at Sydney he was forced into an invidious position— for a Tory Chancellor-of having to play down what many

people still regard as the very fundamentals of a policy for Commonwealth Economic expansion,

His embarrassment was increased by the fact that the Randall Commission's report coming on top of an American recéssion has failed to recom- mend the sort of "good creditor" policies for America that are generally regarded as essential if the sterling area's plan for freer trade and pay- ments is to be carried into effect.

He did 1 best to convines plus in the United Kingdom to the House that the Randall re- doonce the whole of that devel- port marked n new stage Inophient," the advance towards Common Mr Gaitskell summed up: "A wealth objectives, But he did necesarul Commonwealth

not seem very

In

po-

Wants More East-West Trade

Moscow, Feb. 7.

Dr Gunna Myrdal, Executive Secretary of the United Nations Economic Commission for Europe, arrived here tonight"|for talks with Soviet officials on the prospects of greater East-West trade.

He arrived by train from Warsaw and was welcomed by the Soviet Deputy Foreign Affairs Minister, Mr Vas ill Kuznetsov,

Dr Myrdal 'declined to comment on his mission.

which comes at a time when Rumia 'is engaged in an extenìive trade promo- ifon campaign with Western rountries.

It Dr Myrdal's first visit here since 1959, whon he atro attempted to in-

trade and the

crease

Russia Router.

between West.---

HONGKONG SHARE MARKET

1.

(From Our Correspondent)

the Stock

Fare

UK Share Index

Almost At

An All-Time Peak

■

From Our Correspondent

London, Feb. 7.

The London Stock Exchange goes from strength to strength. Industrial shares rose day by day last week and now stand within the shade of their all-time peak as measured by the Financial Times index.

The gilt-edged market was neglected while investors concentrated on a search for bargains in the industrial section. But Friday's news of a reduction in the American Bank rate brought in buyers on the hope that British authorities would follow suit. Gains of up to 8/9 were registered.

One of the most surprising features of the boom in indus trial shares was the big rize in textile issues after these had been marked down earlier in the week on a somewhat alarmist Interpretation

of the Anglo-

| Japanese trade pact. The sub- sequent scramble for textile shares was partly due to reports that

Indation in Japan causing export prices there to rise to un competitive levels. But its chief stimulus was the announcement by Tootals of three for one scrip issue accompanied by a forecast of a dividend on capital equivalent

to

now

40 per cent

US Demand

For Wool

ין' - -

Is Falling

J

New York, Feb. 7. Reduced United States

against last year's 25 per cent activity in overseas wool Tootals shares gained 24/3 to markets has been more 123/- (almost double the price than offset by a growing a year ago) and other textile demand from countries Shares put on amounts varying which previously were not

large consumers, The rest

the Industrial | market w35

with engineering and machine

equally cheerful revealed today. tools sections particularly bright.. T. W

hopeful that licy today calls for state inter-Exchanges day am tinted between 3/8 and 10/-

Business done on

recom-

their passage

It

in

this dislikes

on discrimination

Д

the

and

Lombard

Union

BHIPPING

pOCKS, ETC.

17

830 800

10.80

15 70 130 m

10

Waterbout

in

too non- dollar im-

K Wharf Dock

... 21,10 2111⁄2 4,000 m2 21.30)

10.70 13.90

Provident

(Old) Provident

(New)

Wheelock

แ

LAND, ETC.

of

it was

The Woot Burenu sald shifts W. Ward were up from 83/6 in ecographic distribution of wool Imports indicate to 91/3 and Alfred Herbert from world 103/0 to 100/6. Other big gains that the US may not continue ware recorded

to be as important in the world in sweet shares and in stores.

market as in the past.

SOON BREAK THROUGH Market

observers are now con- fident that the Financial Times Industrial Ordinary Share Index

400 1320 8.10 8.15 1000 8.20 will soon break through its all- 1900 8.15 time established in January

peak 2000810 1847. Lhus emulating Dow Jones 1000

index of industrial share prices on Wall Street which is now at its highest level since 1931.

The reason for their optimism

FK Hotel 8.00

HK Land 20 7743 2014 100

much would remain of the vention and guidance on A scalo Randal!

$1,191,484.45. Commission's

Noon

quotations than Goverment mendations after

for greater supporters

and the morning's transactions:-- would contemplate SHARES BUYERS SELLERS BALER through congress.

-in purchasing. investment, BANKS Mr Butler nevertheless stuck foreign exchange

IK Dank Import

1500 1670 10 1000 closely to the Sydney principle control."

INSURANCES of non-discrimination. But he PREFERENTIAL TARIFFS denied that the British Gov! Mr Amery on the other hand ernment had been precipitate is assured of wide support

removing restriction on the Conservative Party for the dollar purchases.

re-polley he propounds. He had re- moved discrimination

of policy realm

of purchases only basic foodstuffs and raw pers. But he dismisses the Gov- materials. And this policy was ernmont's bulk-buying as

In the rest of supported

means of assuring markets for sterling area.

additional products made avail- "I want to make It quite clear able by the development of

it is the policy of the Gov- that it

Commonwealth

resources and ernment and that it is cruciat puts his faith instead in a to our competitive power that

of system

preferential tariffs. in the case

of foodstuffs

This method bas and

particular raw materials if we can buy appeal to Conservative Mein- cheaper in this market then we bere not only because It has should do so in the interest of proved its value in stimulating the standard of living

of our intra-Commonwealth trade but

also because people," said Mr Butter.

(In Me Amery's The former Socialist Chan-words "it retains all the act- cellor, Mr Hugh Gaitskell took vantages of private initiative a different view. He pointed and stimulates competition out that without dollar aid it is, in fact, the only policy of INDUSTRIALS there would st be a world | relatively free trado available dollar gap of between two and in the

world of today three million dollars

& gear.

were members American aid was in any case

disappointed there- coming to an end. If as the foro with that part, Chancellor had said, we would Chancellor's speech which dealt have

with with Imperial Preference. a deficit again

Ho Western Europe in 1954 and denied that the

the systems was considering

the

cer- dead; on the contrary, the view very unceT- trin" outlook

America, Mr of the Commonwealth Galtskell said, it was possible whole was that existing

pre-

sterling area's dollar

MOST EFFECTIVE

-

I particularly"

some

to

Humphrey

Realty

100 - 10.30 20

2271$ 7,000 65. 25

UTILITZEN

'train

29.70

C. Light (01 13.60

30 500 20.70

1500 g 2900

10 1000 e 10.

500 60 15.00

2000 15.00

C. Light (N)

Electric

3000 1100

33 546 or 8241

1600

Macso

Elec. 10.00

cure

Although United States mills "definitely

in an open-to- buy raw material position, the Burcau said, they have been postponing purchases.

It attributed this to the un- in new busi- favourable trend ness

and international

com- petiton for avaliable wool sup- plies.

However,

the Bureau said,

le that nothing is likely to hap the world's supply of wool now pen in the near future to affect is being sought by more coun the London market's present tries

mood of optimism. The rise of

*

and is

+

"being spread

for

industrial share prices is due or evenly." Arst and foremost is the recent thought for those who, by past

give pause should trend to higher profits and

have Rud experience, particularly to the more

postponed liberal purchases during n highly dividend policy that has been competitive season in 301

7,909 @ 301%

the ex- adopted in most boardrooms. The pectation of subsequent weaker Comment 31.50 21.70 2,100 @ 2156

11000 rise has been 17.30 Rope

nccentuated 17.30

by prices," it added, STURES, ETC.

other factors of technical The Bureau noted that worlu Daly 23:30 23:40 2800 236 nature, particularly the sheelage wool supplies for the 1953-54

2300 28.40

of stock which is traceable to season are estimated at 2,609,- 000 201 2000 20,40

the lack of new issues.

000,000

pounds, clean Basts. 20.70

Looking

farther ahead the against 2,778,000,000 pounds in 2271 30.90

possiblity is that by Summer 1962-63-United Press,

Industries will be paying wages and these, in the present circumstances, are bound 6.25 to eat into profits, Moreover the' present liquidity of the

to be

of the

Watron

AS

£0.00

L. Crawford 25.30 COTTONS

Texte Corg MISCELLANEOUS

Yangleze

Yeumati

at

1,000 a 7.6S

5,000 2.10 |***8)

6.33 6.000 140 140 100

::

Currency Unrest

economy may. 6s the Financial In China, Japan

More Orders For Times observes, prove

be an op New Ships

that the

illusory.

New York, Feb. 7. Despite encouraging signs of

currency

May Be Cancelled argwn out of thin air," the paper Sterling

London, Feb. 7. worth

And

Denied

strength Aron and

currency

the In

Western unrest con~

'Pick's

in many parts of the

according

to

In its February analysis of

during

value

י. ד'

de-

Only recently, the

that Household Board announced that

the daily it could necept no more applica-

gap ferences should be retained, tions from people who wished to

might reopen. If that happened But he had to admit failure in of the impaldut to adopt restrictive

alternative his attempt We would have no the un-join the ranks

extend the Govern- po system. The British Palace cleaners.

leles. It would be essential to

ment, The voluntary

he said, hoped from the service

"discriminate and frankly to start instigated by farmers after the

there might

"The cause of liquidity is not discriminate."

portunity of securing abrogation

60 much that a surplus of in- World War II, and only a few

of GATT's 'no new preference"

vestible funds has suddenly been months

the of hnd passeri

In Mr Galtakoll's view before hundreds of other workers had Changellar's "increasingly rule "Heaven knows why it

host' o'titude" towards

should be a diy their services.

a great evil to con-

says. "Rather It is because the Europe, Household Board

duct crimination against dollar

preferences with tie's

level of real investment both at tinued when

Orders this from ports would mean that the only own family." But

£30,000,000 home and abroad has been and world, draws up a daily roster the thousands of Japanese on the way we could contract dollar question was examined other were wiped from the books of is much too low. If, as the World Currency Report. Hat of volunteers,

imports if necessary would be Commonwealth countries "were Britain's shipbuilders last year Chancellor evidently agreed at The "cleaners" oker their

by means of a general fall in not so keen on the development | cause buyers backed out of Sydney, more British capital · is { currency developmierits

to be invested in the Common- Derviços

Incomes and employment here as we were." Nevertheless, Mr contracts for 250,000 tons of new out of respect to the

and in the rest of the Common remained British polkay to use Conference, which watches over same time, the rate of expendi- about a dozen Important trade the past four months, the au- Butler assured his supporters ships.

it Emperor-and because it gives

the Shipbuilding wealth this year and it at the thoritative report said that chance to see him close wealth."

preferences wherever possible. the industry, warns "that some ture is to be stepped-

up on currencies The

Chancellor expressed his further

declined in value his further cancellations are under capital goods for use within this "pasulonate" boilst in the re-discussion."

country then this surplus may preciations again darkened the

substantially and these But Mr Galtskell was most ferential idea? and refuted the Many of the cancelled jobs be quickly mopped up."?* effective when

he contrasted suggestion odging out

world's hope for convertibility." Govern are Casualties of the steep fall Government's determina- ment was the

into fn cargo-carrying rites. When tion to pursue a policy of non-I

Plywood Dumping January 30, 1954, currencies of From September 30, 1953 to idealist puroly

world the Korean böðm cracked lt sent discrimination with its avowed where we shall throw away them hurtling 12 in the . Intention

to encourage Com all discrimination before.

some of these nailons de Wo And as rates have slumped, monwealth

development. He are ready." But ho left his list the cost of building new ships

Sydney, Feb. 7.

preciated as follows, measured cited the Australian wheat sur-

In the free market The Prime Minister, Mr. R. G. the American dollar eners wondering Just what sort has climbed atcadily higher plus as evidence that the British of a world the Government helping to frighten the

buyers Menzies, today denied chance Government had lost control of wanted.

that his government allowed the situation by handing back

Orders placed for now ships Japan to dump" 80,000,000 Jepan, 14.1 per cent; Paru, 16.5 import trade in wheat

your scaled in at $20,000 square feet of plywood on the per pent; Yugoslavia, 10.0 per private firms and

by allowing

more than half Australian market, erlangering cent; Chile, 18:2 per cent; Tail- of English

the

local industry of plywood, they like."

land, 10.9 per cent; Communist Rhod still because the engine for the women dressed in

"Truc, total orders still powerful

stand

The charges were made by Chiha, 19.5 per cent; Brazil, Mr designed kimonos and thought herself free of the could get no grip on rails made

at a hefty $500,000 tons enough New South Wales Housing 30.8 per cent, Bolivia, 86.0 par pest.

Now, however, reports slippery by countless

supporter In Mr L.8. Amory for crushed men in their "Sunday best"

to keep the yards busy for four Minister Clive Evabt, who also cent have begun to come in from bodies.

gathered at the Imperial Palace

his view is that; there can be

Washington, Feb. 7. удата. there is 28,000 tons warned that Australia would district officers and fariners,

Northen Rhodesian farmers to pay homago to the Emperor no real loveiopment of Com-

Tic Agriculture Department les actually biz

In "dumpingt bulle in mission posts all over the vast some remember similar ravages and his family.

without long term announced today that India has Britain, now than a your ago, monwealth

Amary ex-relaxed Its fight two-year-old

You the Gornians are working simming oftround" for De these currencies, the Underwing, the units of Japan, Yugoslavia, guarantees. country-1 830,000 acres saying in 1930-favour trench wattare The sentiment was as ancient that the "worm" has been found

against the peat. They are dig-

the history

prosses the same opinion in his restrictions on American cption on 119,000: tons more thars That Aar deras admitted that levels of the post-war period, of Japan's Imperial one-foot

trenches family. But the expression of I

now book "A Balanced Econ- on crops of all kinds.

Imports.

ar. Now they are the world's year. dild. round their homestands

and was modern.

omy" "A reasonable assurance They

not

the United lattost ship cable from that enterprise and energy can

-11 next to and bow before their country supports holds. When the caterpillars kneel

States: Embase secure their market

Bombay Britain. for of African advance the leaders pile up in Emperor or did their ancestors.

red undertakings is essentini said

Géra India "will license effec- and chocred

4 performance is to five They just stood messages writhing thousands. Then when They

the immediately fumpt both

plywood was niendo PTO 9 the trenches are filled, gango of him.

*democratie"

ton. industry. Not only to the bosses help build needed houses. Importation", of American cotton, he says. Emperor the caterpillars

dividual offer Capital and In consequence, Government Africans thrush

The restrictions word imposed but also to the workers who won as the local industry bo the Japanese people want, But after agriculture experts, in all three into pulp with sticks.

ter they have ma

made this

dog are now pressing a claim" Which One Southern Rhodesian farmer, then Crown Prince Akihito territories are co-ordinating

poin part

M. Gaitskell and Mr in 1981 to conserve dollars,

capable of meeting The

Department said no would udil 2125 müliday demand, the duty-fred gimporta fit the bill. fight the invasion after counting the plans to

company. Insecticide

bo "sprayed | killed on an selected Tarba, ["5

were stopped, United Stater London Express Service com And squade of oateule

datulated that the 180 scres, guided by his father or whether dom to import foodstuffs are on how much from aircraft,

with boaters all devastated, must have con- they spring from his own raw materials and

how may move into 5[ j" dat Africans, armed formed of old motor tyre inner tained about 14 million catératural"

be felt, yet malhe, dasterying any chopce of a re- buik-skirchasing.

12,000 Bales tubes lashed to, stout sticks, will pillars.

Pold humour turn to be mobilized to crush advancing Footnote: Rhodesian "worn armpits. M BELLATION IN 180 A provides the only bright out thum, fare, în a letter ato, thẾ]

the dark-green

112la caterpillar

a sinister, infinted

had

to

"but

outlying districts, In

"Sunday Best"

Perhaps the real feeling of trains the people was reflected at the

to

away.

Loat

on 1952.

have been brought to a stand- New Year when half a million wheat dealers to buy "wherever India To Take Lous-down by garden variotica.

From Nyasaland, where 'much smaller

a greater density

population, similar

have been, received.

will

ཝཎཱ ༠༥ སུཎཾ,

ܕ܂

and when well has a

-in-

US Cotton

!

Merizios

Japanese

to vers that

Uraquay 9.1 › per

cent;

Kingdom-Chile Peni, Communist China 'and'. Bolivia" fell to their lowest

of the report poted, non

the free challenge to Britain's s shipbuilding 1951 and 16621 Bank Of England

"wormsmother his, betions are being | former would' abolish' the tree. Upecifie informationsvaliable to the Industry's «'wako' #bill2+ |

stincts

they

in Crown

Opment:

game

க

Jace it cotton

Alirt has imported

Burlent India. 50 this set frien

mak Exchange Rates UK.

Mr Monijes

[country!

Statement

pilates in

London, Feb The Bank of Englan inant for bbwei

ther

one farmer.

Worm:

adite plaat in minutes, Draža lato