1954-02-19 — Page 11

THE CHINA✨ MAIL, FRIDAY, FEBRUARY 19, 1954.

ON MERCE

AKCETON

The new 2014 lon Peninsular and Oriental finer. Arcadia, will leave Tilbury on her maiden voyage to Australia on February 22. She is the largest ship ever to be registered in Aden the port of London, will carry nearly 1,000 passengers. She will call at Port Said,

and also nt Bombay, Colombo, Fremantle, Melbourne and Sydney on the outward journey Adelaide on her return. The Arcadia is due back in London on May 6-Chins Mall Special;

Royal Visit To A Tropical Utopia All

Depends On The Weather

Cocos Islands, Indian Ocean, Feb. 18.

The inhabitants of the Cocos Islands are eagerly awaiting the visit of Queen Elizabeth II on April 5 on her way home after her tour of New Zealand and Australia.

It

But whether the Queen will actually land is still not known.

For the liner Gothic must anchor well may depend upon the weather. clear of the coral reefs which strew the lagoon stretching seven miles out round Home Island where John Clunies-Ross V, so-called "King of the "Cocos", lives.

the

If the seas are rough, as they are more than half the time, Queen may not take the seven-mile launch trip from the open sea across the lagoon.

There is, however, considerable controversy about who will be presented Her Majesty at a buffet lunch-

con at the Clunies-Ross

sion if she does land.

man-strong

whose graduate,

will meet,

or

On

West to

already of population, different social whether they

here customs and a different rolo in even see, the Queen.

to Cocos Islands life.

The Jolm Chulos-Ross,

wives tow a quiet,

Oxford Island have been learning willed, young

Bour Scots curtsey and men have been settled enquiring about morning clothes, But usually well- report thai Informed sources John Clunies Ross is unwilling becofne to allow his island to the scene of a big-formal occa-

The geography of the Islands great-great-grandfather

in the islands in 1821, has gives a chic to the fuss,

There are three main islan990 years lease on the Cocos -Home Island. Direction Islands,

Istorid. Each: Teland and West has a completely different type

UK Engineers

Oppose Punishment

Non-Strikers

Of

".

Usually described as a "bene volent dictator: John Clunies- Ross, with his attractive Mansion.

He is said to have told the chester wife, Daphne, rules the

of Sinagpore,

: Sir lives of his 300 Malay-stock] Governor

John alanders on Homo Island.

Nicoll, that he would pre- Ho

fer the Queen's visit—if she has said he wants to protect them from outside influences.

.comes--to be an informal one, devoid of pomp, and including only a select few of the 150- odd„Europeans from the other islands.

May Never Return

For this reason, any Islander who once leaves never return.

Cocos may Surf-Washed Coral

from

arc

With money, mainly copra sales, Clunies-Ross has set up a tiny welfare state with model villages and free health

Hig scheme.

Islanders The National Executive Coun-

En-allowed on to the other nearby of the Amalgamated

to collect the emcering Union, has over-ruled Islands only

coconuts for the copra, attempts by local branches to "discipline" members who

ne-

fused to take part lo the na- tional one-day strike on Dec. 2, according to reports from London.

And visitors to Home Island

may come only at the express Invitation of Clunien-Roas him- self.

Earlier suggestions were that the occasion should be the formal handing over ceremony of Cocos to the Australian Gov- ernment.

But official sources say that, though the Cocos Islands have been

virtually under Australian administration sinco the De-

"Civil partment of Feased most of West Island, for Aviation

an airfield, the British Govern ment may not yet be ready to complete handing over monies.

Still theoretically under Sing-

Depart, verent administra

ment of Civil Aviation has an

Four miles away,

across the In a number of areas, particu

lagoon is West Island, larly where there is Communist blue Frifluence,

committees Where the Australian local sought to inflict punishment on offenders. This varied from fines of 23 Ed to expulsion from the union.

international air strip.

the British Administrator "District Officerhas little to do other than attend to

mine

Shell the malls and colors -

tertain Important The real Lesvé

today on these

a Royal Austro-surf-washed coral islands of

West Island also has Company oil installations, a big All these decisions were sub- Qantos Empire Airways passen- ject to the approval of the ger hostel and Executive. It has since informed llon Air Force construction unit, waving its members that it is disinclined which is leaving soon after put to czne.com

Uby

disciplinary ing finishing touches to the air measures, beyond bensure, strip. especially in view of the wido disparities between the extent el, the punishments imposed for Identical offences.

LO

No Asian Labour

West Island

Life on

could not be more different from that on Home alarmi

No Asian labour - is allowed, because of Australian - tradd unlonisra which controls. Australian labour. "';

In Shemeld the union's district committee tried to impose a fine of £20 on one rebel against the instructions,

MOVES TO CHANGE UNION

A Sheffield official of the Cop- federation of Shipbuilding and plush Quantas passenger Engineering Unions said that a staff lounges where, travellers large number of members of the inay pay up to £i sterling for Amalgamated Engineering Union breakfast, had tried to change their union since the strike.

palms and cool mon- or not the spons, la whether or 20th century, with its jet air- craft, telephones, juke boxes and movies can be held a Lagoon's length from a 19th cen- tury Scoleman's attempt to bulld Utopia China Mail Special.

Scotland's Birthi Rate Rising:

Social life is centred in the More Emigrating

and

London, Feb. 18. Scotland's highest birih rate where the Island's in recent year was offset by only billiard table is found and emigratiory" so that the where befrigerated Australian tion rose, by only about beer is in high demand.

last

scar MeA

47.

Other undone had not yet

was not yet lite from which ... Cianics-Room,

accepted them because the it is the West Island, type of Solicitor-General

wngros Maputo settled,

by

...

annoumeed in Edinburgh today,

There were 90,909 births, and

But 20,000 per

STEADIER TONE IN Free Trading In Jute

HK SHARES Profit-Taking Evidence

By A Special Correspondent

In

The Hongkong Stock Exchange cipsed on a steadier lote yesterday, up on the day, but on the week slightly lower after profit-taking had caused mild price fluctuations.

The most notable rise yesterday was that of Hongkong Lånd which rose $2.60 in anticipation of the new issue terms being announced at yester- day evening's meeting.

“Crudë” Poštčards” Were Not 5.20 Ordured

Salisbury,Southern

Caballilä, Feb. 18. Scores of "seasido postcards" with question- able', jokes and women In provocative, bases were

packed in d-conälgn- ment of spres from Bejjain received... by.. Salisbury melor 4 cycle Bri

There was no indicátion Đi cho thi them on th The manager. • Mr W. Shepherd, said that they were, "a parilonlaris erade „batch.” China Mail

Special.

The firmest section of the market at the moment appears to be utilities which are still offering a steady Move To Reduce return of around six to six and a half per cent Some

brokers agree that prices in this section which are not

far off the recent prak leroli→→will not rise appreciably

in the future unless there is marked change in business conditions in the Colony,

ane

The sudden increase in the the Colony, Lad will need a fairly volume of business transacted fargo-issue to finance the deal. yesterday was the result of the Thiele present ismed Capital is sale of more than 120 Hongkong, $4 millionz bank shares at their present_ex- dividend price of $1,595. Even The 'past week has seen these allowing for the dividend they changes Wharves, steady nt Docks, steady si about lower than they were: 4 week BKD ($1,665), which was

Provident old, steady at their highest point for about

$1914,

Wheelocks, a few cents lower at $8.05 Hongkong Hotel three years.

down 10-15 cents to $84, Hong Hongkong Really are actually kong Land, up $2,50

$19. to down a few dents on the week. Realty, down a few cents at Thay: 2 proposé 20

Trans, dop 10,40 cents authorised capitał from 5 million to $100 million-a big cents to $15.70 and new also up Jump

but they are

ten probably about

to conte Kecking. to increase

Costs Of Dairy Goods In Japan

Tokyo, Feb, 18. The Japanese

Government has drawn up a plan to give the nation more and cheaper milk

and butter,

to

be

"Partly Ends Anomaly" Says Paper

London, Feb. 18.

The Financial Times said the British govern- inent's decision to restore to free trading the pur- chase and import of raw jute gdes part of the way towards ending an anomaly.

گیری

It was an anomaly which the government. had kept under control a commodity which was in ample supply at reasonable prices and which was entirely obtainable from sterling sources, the paper commented.

"To that extent it must bo glven a limited welcome and at least it will mean no increase either in the prices of raw jute of jute goods konufactured in Dundre.

or in the prices

"Indeed, It anything. prices may be cheaper, for at the moment trading interest in both raw jute and jute goods iš poor.

pur

NEW YORK

STOCK MARKET

New York, Feb. 18, High-priced all shares, with market higher today on reduced wide gaine led the stock

volume.

"The most practical effect of the government's decision may

temporarily be

reduced chases by spinners, for though the size of stocks held by the Government is not known, they are probably larger than those Outside

high-priced In which spinners would normal-s equities, gains throughout ly hold.

the main list were mostly in! the fractional zone. A few "blue

of the

The Finance Ministry will be authorised under a bill Introduced in the Diet (Parliu- to import 1,800 Jersey ment) cows from Australia, New Zea-

"More generally, the Govern- and the United States for dis-ment's announcement has simply chips also made 'good' goins.

government-postponed a settlement of the Market

major problem -bitecting Jule--the dull side today.

news continued owned arms.

tribution

among

how government trading in im-

att

Investors

the sidelines

further

in

increase 12.194.2head gita, up ten ernment hopes to havel set up without alzh ending: ronpictely |

Within three years the Gov- ported Jute;, goods can be, ended 1 £enerally held to 240150 new dairy farms each graz-the protection which Dils has development

this figure

at

192.

In "one lump" to avoid calling Talephone, down about 50 cents a number of géneral meetings | to $29.40. Cement, Gown 20 cents to approve Increases as they to $21.10. Dairy Farms, down a need them.

fraction to $27.80, and Textilcs, up about 40 cents to $7.45.

LITTLE CHANGE

The rumour is that they are going in for big properties in

TODAY'S SHARE PRICES

(By Our Correspondent)' Business done on the Stock Exchpfige this morning amgunt- ed to $847,405, Naba' qúotitions and the morning's dealings— SHARKS BUYERS, SELLERS SALES

HK Bank XD: 1800

...

Ing after a further two years 3,000 milk cows.

Their output should then enable the price of milk to be reduced to about 30 Yen (seven- pence sterling) a sho (about 3.8 pinis) compared with the pre- sent price of, 60 to 70 Yen, the Government estimates, China

pending

As

economio Washingtort. afforded the Dundee industry.

result, transactions totalled only 1,800,000 shares, "For the time being, public compared with 1,740,000 yester trading in Imported fute goods day. will continue, and, though means for ending

in volume, the recent active it with safeguards to the United King New Youit Central bad to take dom manufacturing industry aro a back seat to Southern Pacific under consideration, no early in the most active list: Thọ solution is promised.

stock turned active and lower when directors decimred only "Thus, the present arrange- ; the usual dividend of 75 cents o ment, whereby chcap Indian share, Wall Street, quarters ex- CHICAGO CRAIN Jute goods are sold in this peeled more.

country at prices · not below Southern Pacifle closed with a those of Dundee made goods, loss of 4 to 842% with 30,900- will continue, China

Mall shares changing hands. Central

finished in the No. 2 spot 22,000 shares and it lost 12 to $2333

Chemicals snapped

I will be seen there has been | Mail Special. little

change over the week. Turnovers generally have been small and although there is still

Idle money. much.

Be Calony, buyers com

in the

marking time for the presen

with vicidi

Compared

months ego utilities

課 ste Bot

the

FUTURES

im-

Chicago, Feb. 18. Grain prices began to entering, a terribly exciting re- prove in late dealings on the turn. This accounts recent favour shown to Hong-board of trade today with, most kong Bank and Union Insurance day's best levels.

futures, moving up toward the two "safe issues which yields at the utiles.

One-or

and

are

dependable" rivaliing, the

Special,

!

or

out of their recent lethargy. Rails re-

Singapore Rubber covered within a narrow range.

**`་.,

Market

lower the

The markets were extremely trregular, throughout most of the session with prices: Arst two items of interest going upward and then down- this week It was, noticed that ward. However, late trade both Peak Tramways and found shorts active and

Singapore, Feb. 18. ex- After opening 1000 Humphreys Estates have put a porters covering against pro-market steadied on factory, and

slog to Managers' commissions spective sules.

trade buying with some sellers and in the case of Penk Tram-

The rally in the wheat pitserved. Futures closed as fol- they are selling John D. ways

Town Humphreys and Sons Ltd 4,500 followed the report 020 8 8.00 fully paid shares, at $10, and in the case of Humphreys Estates, 8.10 3.80 500 603 they are issuing" 25,000 fully 1000 or paid $10 shares to John D.

Humphreys.

10 # 1000 10 / 1000

....

Q3,40

2.13

· Meral Asia... 103 DOCKS, ETC

Dock S'tral Dock Wheelock LAND, ETC. Hk Hotel

JIK Land

70

S'hal Land Humphreys Realty

UTILITIES

Tram

R

10:00

500 or 844 1000 or 85% 5000 & 814 13.300 70%

310.6 77. 300 77.

1.15

19 19.40

200 17.

This, of course, is not a new development. It was started quite a few years ago by China Light and Hongkong Land took the idea about six months ago Presumably both

78% up

panies have ombarked on this

expected

1

Match April May

large sales to Western Germany No. rubber pet fb. early next week and indications that a portion of a large Brazilian wheat would be sup-No. 2 rubber per in. March plied by US exporters-United No. # rubber per in. Marcir Press.

No. 4 rubber par ib. March

CHICAGO FUTURES

Chicago, Fob. 18: Prices per bushel. In cents:

Closing

} Spot rubber unhaled

Blanket crepe

No. 1 pale crepe

-United Press. NEW YORK MARKET

New York, Feb. 18. Rubber futures today closed unchanged to 18 points higher with sales of 10 contracts.

Dealer covering in March and 211-211 some Investment buying in the forward positions dominated a moderate trada in futures. Future, closingsta sasa

Utitles were again neglected; Tobaccos met some demand.

Of the 1,150 issues traded, 543 closed higher, 310 closed, lower and 204 held unchanged.

The NY Stock Exchange bond volume was $3,570,000.

The American Stock Exchange.

volume was 400,000 shares.

Dow Jones-closing

werer.

30 industrials |

20-rails T

-18 utilities

.85 stacka

40 beads.

average9

201.41

102.03

64.33

Comm. future priet Index

United Press.

New York Sugar

Market

New York, Feb. 18. World No. 4 sukar futures today closed 3 points lower to point higher "with sales of 637 contracts.

200

_80 * 77**

000 @ 2016

com-

Prices

2.1021216 1000 67.37

plan, at the instigation of share-

Wheat, No. 2, red

1000 G 2.16

2000 2.35

holders for as business has been spot growing so have the commissions. | May

6000 (248

July

5000 G 2.35

2000 F 2.121

10000 42.13

2929.30 800 6700Hongkong's prosperity; rather, of 800 2010 inflation in the colony...

But it would be misleading to assume

Bopt.

210

210-

213-1

It was indicative of

Nov.

►

· Corn, No. 2, yellow

Spot

15,70

15,70

ALLIED INVESTORS

March Mny

Marchge

19.25 MayaMKII VIDE

10.805

32 333 300

0214

July

10,800

39.30

100

20.30

Allied, Investors Ltd., a now company registered in Hong kong

Sept.

December

16.3

Now.

March (1035)

10.201

March

New York four, 200 156.

Back

United Press.

Mry

July

September

October-

Tram Light IN) 12.00 12.00

C. Light (O) 16,1

Etcete Telephone

INDUSTRIALS

38833

on January 27913.00-Unfied Preg

Cement 20.00 21 2000 a zidno i shortly be inviting subscrip

500 1.10 tons from the public, I hear. 500 21.10 The objects for which the com- 17.10. 47.6027.60 500 27.80 pully has been formed include

of the functions of s

Hope STORES, ETC.

Dairy

Watson XD Xr8.20

Crawford 29155. CONT

630 0 27,00 27.880

16 e 2511

· 300 g 28.15

100 XT.80 g house" eyes

In The 100 €21.00 portant

rale 16p business municipalities, boards and even

new depar

Tho

ot

More US Aid For Pakistan

Pakistan

Karachi, Feb. 18.

and the

Textiles CorpXT 7.00 1,000 XT5 Croments in, Mied in the Stajes, fáday, signed, on

Yaurnaláz, AS Jurgo 143

July

September

LONDON RUBBER : MARKET

London, Feb. 18,

The rubber market was steady with No. 1. Ris quoted ut 10% benée per Ib. Prices:

No. 1.spat Flo

Settlement hound term: Masch United April/Zone

101-1034

164-1616

1811-1876

76-3/16-16-7/10

Deputate crepe

thick

uniquoted

thin

Unquoted

---United Press.

agree July/September

October/December capital ingrkets of the ment under which America Will Denarsi, markets, cif basis, ports:

amistarice towards pruty world by suing houses, many continue of whose names, are household agricultural research in Pakis-March

April taxe... 6.65 words, Are

5.05

The strike was called according to his friends, is do- 50,871 deaths for a net gain of New York Metal close to its source of rapital, anca project, provided, re

5908 hem to

the Confederation in protest termined to "protect his 31-32031 agulist the employers" rejections landare. afa efales for n 15 per cent increase,

*

Direction Island, between the England,

two islands and to the north, Scotland's birth rate The Communist-lex Electrical how the alt of peaceful Malayan, had been falling, "steadly mi res Trados, Union | has: disciplined colonial U-ODAY cent", youru Tóce in 1953 and was It occupants aro Cable and apoy Hably hilabertran that of

some of its members for not wifeldt bildais) who odstrol, | ED joining, in the guerilla): strikem. One Beasthorpe foreman was the able line; between Alstra oned 20 and banned from in and

Lg hölçüldg office in the union for niraitymological ittham, ́

Since the telka on Dec.

/knihlen: AllS

Pink din

Etter members, of file. Atkini4 V.LÁIN AN

Market

· New York, Feb)

Land

Whilst industry in the, Colony The agreement is an expany- is by reason of our limited area ion of releurch, and assist actual, conficis ... hava, hitherto Last year...It provided.re-| Been dimoult to make and search centres, jaboratory, equip may be expected that, the new ment, technical, books and Im- corporation will be welcomed proved livestock, poultry, plante and that, la péry loca in the and weed from the United 'Indutiful and financial deve-

Koment vök, the, colony will be in the sought after

the

2016-2017-2

No. 6 sugar futures, domestic, closed 2 to 3 points higher with sules of 300 contracts, Future closings:-

Contract No. 4 (world);

March

May

Spot foents per to tob

Cuba)

Contract No. B

March

Fuly

September

November

Spot (cents per lb., cit: NY;

ex-dock)

3.41

3.34b

United Prchs.

York Cotton Market

a

den New York; Tab. 18. Cotton futuras today fluctuated Print forget | Irregularly while Iraders devoted positiet before Gist notics, dos

Canada's Petrol attention to adjusting March

For Japan

will con this year, and iztek

completed

Vancouver

Closing ona finitaflect=491th, not

boints

follations for the

oday!

EsTchable, Hated in 6 f

| Canadian; "betrol "" made

Canadian crude.