1954-02-22 — Page 9

The Pilat

Prone In This

Pletdred Here, for the first time, is a specially, adapted Armstrong Whit. worth Meteor night fighter in which the plot lies at oh his stomach, A 28 minute test flight was made recently with 38-year-old chlef test pilot Byüdürün. Leader Eric Franklin at the controls. He lay prone with his head, body and elbows protected by shock absorbing cushions. This is because a pilot lying prone is less affected by temporary blackouts than one seated in the normal way during high speed flight when high gravity forces act on his body-Reuterphoto. Latest Round-Up of Aviation News From London

NATO Puts

THE CHINA MAIL, MONDAY, FEBRUARY 22, 1954,

This Tiny Jet Fighter

Under The Microscope

an item about the growing This week's Aviation round-up from London Includes popularity of Britain's midget jel-fighter the Folland Grat, which stands no more than five FL six high, which can be produced at one-third of the cost of the coirventional jet Ögliter And in one-fifth of the number of man-hours. Other items tell you in this special feature to The Ching Mail, how pilots can land the new R.A.F. crescent-wing Jel bomber "hands-off." and how guided missiles are piloted.

London,

1

Detalls have raleased explaining how

now

Is

Great Britain's lightweight jei Aghter, the Folland Chal arousing considerable interest as

force:

a ground attack and troop sup- port fighter with NATO

being core-

The small pinac fully considered

have

is

been The

fuel

the Vielar

consumption

Ins

jt is averaged 8 er 7 gallons in the which time dis- that Britain's big jet bomber, the hour, during Victor, con be landet by the tanets of up to 10 miles have

been covered. pitoi "hands-oft".

The aircraft used was a Super

This very

useful property is¦ a great advaninge lu "blin" Autocar fitted with n Blackburn landling fee

In techniques bad Cirrus Majer 3 engine of 156 ph. tank holding 49 weather. because the plot, after A leng-range

directed to the gallons of fuel was installed in he has been runway's end by radur er radio the rear of the cabin.

not have to "hold- nids, does off" the runway, but can leave the aircraft to innd itself. The underlying reasons this self-londing quality Are with the changing connected airflow and air forces relative to aircraft flies

on

B5

MERCE

AUSTRALIA WIDENS HER TRADE par Seks To

Import Restrictions Relaxed

From Our Cortéspandent

London, Feb. 21.

The further relaxation of Australian import restrictions is the first solid restilt to be marked up to the credit of the recent Commonwealth Finance Ministers' conference at Sydney.

It was decided then that countries still restricting imports from other members of the sterling area should relax this control as soon as their external financial position Improved. The case of Australia was clearly in mind.

Justifying the decision to allow more non-dollar. goods to be imported into Australia, the Prime Minister, Mr R.G. Menzies said “exports in the 'seven months to January amounted to almost £A800 million which was £A25 million greater than in the same period last year. Although wool prices are at present föwer than they were earlier this season and notwithstanding the weaker tendency in the whest market,it is unlikely that exports this financial year will fall far short of the very satisfactory total reached in 1982.89,"

more

ur

نغة

Widen Trade With Yugoslavia ·

'Meläride, Fav. Bi

The Chict of Japaness Foreign Minister's Overseas Trade fieyarimeni) Me Harp Misund, arrived by sie today in Zagreb xa Head, of, the brai fapanese cccbetnie delégsilớn so visli Yugoslavia since the war.

The delensilon Intends to sauna Yurolav... Governa ment officials and businelas thei un possibilities of traging with Yugoslavia Jupit on Birger penic than hilberto.

Mr Mizuno, who entzie from Swipetland, - was is have landed in Belgrade, but His pline was diverted by snow toříza. He in continuing his trip by train.

RANG

members of the delegation are already in Yugoslavia. They afe Me Teduleru Matindaira sná Mr felles Shinba, both of the Export-Import Hatik of Jaj Realer.

HONGKONG SHARE MARKET

(By Our Córrtiþöndent)

Stoek

Business done on the Exchange this moming amount- ed to 1,382. Noon quotations

and the morning's dealings!-- shaltes BUYERS BÄLLENT SALES

DANKS

!

LONDON STOCK EXCHANGE.

Cancer Fears Dispelled:

A Good Profit Boosts Tobacco Shares

From Our Correspondent ·

London, Feb. 21.

The downward trend of industrial share values on the London stock exchange which began with the pricking of the “bank rate boom" con- tinued this week, though at a somewhat slower

pace.

Profit-taking was still in evidence at the beginning, of the week, but this soon dried up and the market staged a mild recovery under the stimulus of institutional buying. Gains were not fully held however and interest later became confined to shares affected by specific company

news.

The fall in tobacco shares fol- the transport issue. This took lowing the announcement that the form of an offer of £80 a Government corhmittee Had million or 4 p.e. stock 1972-77 foultic

Issue a relationship between at a price of £101, The smoking and concer was check- Wes Buccessful and new stock ed on Wednesday by the ath

opened on Friday at parı nouncement from Imperial To- bacco Company that group trad-

year pronte last

were

up £778,000 to £24 million. -Imps ankke

at 30/-against

$5/- Tursday's close and Bri- lish American tobacco

shares

sectored from 39/-lo 49/9.

news-

The rise in Kemsley paper shares which began last week when it became known that a big Onancier was bidding for the stock proved short-lived.

was offic On Thursday, I stated the buyer was "no Interested". Shares

C1

had

Talk in this market now. Is of a forthcoming colonial issue.

NEW YORK

STOCK MARKET

New York, Feb. 21

Slacks déclined; fathe

which jumped from 32/-rt the middle past week for the first time.

1234/8 bast w:ek

7:st In 1954 on the smallest Tuesday

now back

to volume since January 15. 82/10%. The Dunlop

Trading téli off million £15 p.c. pre-

aro

Issue

of

steadily

Krence, sherts at 217- was cach ghy With the largégi téttlin an immediate success. A total on Monday, Friday's total was 1 bit above Thursday's becausD of 24 million shares were ap- plied for by existing stock of 83,000-share block of the holders and applicators find to Banguet Consolidated Mining sold nt 13/10ths just before be heavily sealed down. Desi-

75 360

seven

1.15 100

01

78 783 10 H 75

21.40 450 à 21,30 100 21,30

Provident (0)13.30 S'hal Dock Elo Whenlock 8, 8.15 LAND, ETC.

HK Hotel...

IK Lend

1000 613,40 1000 13.40

During the period in which reached £12 million in 1951 she restricted

Aus-was lurked Into a deficit of £1 imports, Tralla built up a large creditor milllo in 1982 ahi £81 mort

ir relation parition

to many last year. The deterioration in non-dollar countries. "Some the UK's trade position vis-a- countries in Europe and else-vis Australia between 1951 and

1953 was where

therefore buy a good deal

more than from

Australia than wej £180 million.

The effect ut Australian normally buy from them." sald

restriction has been especially by lu- Mr Menzles. "Unless by NATO Air

creasing our purchases of their severe on the United Kingdom's cotton goods and export of goods we help to put them in Fortes, not only because

position to buy from us, our motor cars.

In 1951, Australian imports bi IK Bank KD 1583 1000 cheaper and easier to build than

exports of wool and other

froff THE

Kang....

103- larger machines, but because it

portant products must inevitably cotton piece got:

United Kingdont were Worth

INSURANCES is expected to be able to operate

kuffer. France, Italy and Japh

Unich about SHING from exceptionally short tem

The controls cú guided

in particular are in this category more than £20 million

one-fifth the value of Asia NAY forward runway's porary

and will benefit accordingly", for misalies are different from those

of DOCKS, ETC. total exports battle areas, carrying a powerful

ordinary

the

Lan- the followinhi planes,

Ky Whirl load of guns or rockets.

A weck dzo the Economile these missile reaches supersonic speeds

*pick Hitherto, the Gnat has been

or two seconds of Secretary to the Treasury, Mr year as a result of restrictions. thought of mainly es an inter-

within one

neginald Mouding used exactly these imports fell by more than to have the wing as

launching.

justify half to less than £il million or the same argument to in expected ceptor

Control surfaces are usually

the British Government's des about one-tenth Lancashire's the speed and rate of climb vly close to the ground. about

trade These come

In plece because as razor thin and, although small, and fighters.

more Japanese total foren aliov conventional

be sold in the United gecdited Kingdom exports of though it will

fewer the plate nears the ground there are able to turn the weapons at clsion to have

goods to seven to twenty g instruments and armament, it is a reduction in what is called

There are two systems Kingdom and the colonies. is downwash the

CITY wero similarly affected. wiil

carry all the essentials of downwash

Polar. In both

But unlike deflection of the airflow down- Cartesian and

the Angio Australia: bought 68,335 British high-speed lighter-ruttur

missile is kept in

agreement thos Japanese trede

cats in 1951 but only 30,534 in wards en passing the wing. This methods the gulis, canons.

effect

downwash level flight by gyros.

Australian decision has boen 1952: The fall in velge of these ejection

Bound

Cartesian guided missiles have results in a mediflestion of the

exporters importa welcomed by British

was from £23 million cross wings forming а

hardest hit when to 212 which

million. To turn They were the fuselage.

MARKED RECOVERY meets the wing, and of the lift!

left or right, the vertical control restrictions were imposed at the and should

Easing of import restrictions Two Goal prototypes are at of the wing.

like beginning of 1852 surfaces

operated, cre

therefore be among the first is

pince

1952 het ettábled the present being built by Follands

rudders on conventional planes.

British cotton textile industry to as a private venture.

To go up or down, the horizontal beneat by any relaxation.

regain some of the ground it lost surfaces are moved.

custralia. Its exports of plece goods to this market in the at almost £324 million, In the whole of 1053 were worth only Jellowing year this Agure about £1 milion more than In dropped by over 100 million | **

previous year. But a marked lo 1221 million.

set in before the recovery had Last year exports were a close of the year. Exports in lower at £213 million but this December were valued at

concealed figure

market £95,350 compared with £78,000 recovery in later months of the in the same month of 1952.

Exports year.

In December Allowance must be made, how were valued at more than £22% over fer a sharp drop in textlie million compared with £141⁄2 prices over this period. It million in the same month of

terms of volume Untled Kings and £25 million in

doth exports of cotton piece 1952 December 1951.

gobls to Australia in the Inst month of 1958 were more than thred times greater than in the same month of 1962 and only

the

ranging for the

VHF radio.

It

seat, etc.

will

amour.

have conventional take-angle off and landing characteristics.

engine, the Orpheus,

A new is being

developed by Bristols for the

At

or:

the airflow owne

Effect on Tail

Skidding Turn

The result is that as the air- light-weight fighter, but in order craft nests the ground there is

at irsts started પત Çí

the an increase in lifi, and because carliest opportunity, the first with the swept wing this In-

In climbing and diving turns, Inter By

the crease occurs mostly forward of prototype will

four controls combine 10 year with smaller engine of the centre of gravity, there is all

round in a less power.

tendency for the nose of the wrench the missile

skidding turn towards its ob-

This is unlike A Thousand Wanted airgraft to lift.

reduction

in downwash jective. NATO's demand for a ground near the gound can also cause operation of planes, which must attack Aghter for battle con a change in the angle at which be rolled in the direction of the ditions in Europe is an unusual the tail meets the airflow. This turn. development. The usual prac produces

11

This

nose-up

the

Polor controlled mielies have a nogt downward

only two wings. Onc palt of tice is for interceptor Aghters to movement-the opposite of that be adopted for this work-but on the why, and helps to ensure control surfaces work in opposite

directions. like alferons. An it is thought unlikely that the that

tendency is very latest machines will be moderated so that there is no oliver set able to be spared from defensive stail. operations come.

for some time i

operate

amount of move-

height

work together like

clevators. The actual

To get the misslie on course, the "brain" Arst makes calcula- ment depends on a humber of

It measures

the angle flons, Grat is also claimed to factors such us the size of the between the present The

course of relative to the missile

and the direction have the necessary exceptionally tall and its

and relative to the Bexible take-off and landing the wing

from which the "echo" comes and, with exira ground. characteristica tankage, the range, to

So by careful attention to the from the target. It also works emergency forward

of wing and tallplane, vul the range.

Then the weapon is roled or nélds near the battle line, It is possible to evolve the self-

into the right position twisted that very londing acroplane, factor is

This The are wanted-a

Requence of events in the and steered to its target. has

ng is called a "twist and steer con- been crescent-wing 1,000

Victor is figure of

rapid and tro!".

recurate mentioned-and- with the Gnet follows. On the approach the at about one-third the cost and pilot sels the stick and allows method similar to that used by teking something like entenith summeient throttle to produce the Human pilots.

Another

Jarge numbers

al

design

25

way

United Kingdom exports to Australia in 1951 were valued

C

the

TH

Humphreys Fleatty UTILITIES

Trám

Star Ferry

10.40

2.143 2.20

29.10

C. Light 10 15.40 16.70 600

90

1000 10.05 1000.

22. 10.00.

15.00

Light N

11.70

300 121

Electric

311 312

135 M 11

Telophone INDUSTRIALS

Coment Robe

STORES, ETC.

Dairy

Watson K

600 or 15.00

200 TH

700 of 31 100 20.00

zł

17.70

11.70 102 27

105 27.65

X. Its Le Crawford 23,30 COTTONS Textiles-Corp 785 MISCELLANEOUS.

Yangtze 0.40

141

10 10.20

frade position 13 p. c. lower than in December Bank Of England

1051

Just

Etl

inge began on Thursday on the closing. bets of 8/4-5/6 for thores (6/- paid)..

few stocks made the market interesting. But Thord Issues appeared than in any the history of the

There was a sharp burst of iveck In activity in oll shares on Friday market. The top 21 in activity following the suggestion by the had total turnover of 1,790,800 Daily Express City Editor that shares, about 21 per cent of the the Government should sell its whole market: total of 8.712,439 majority he holding in Anglo- shares, Ironfon Oll Company. Anglo- Iranian shares sputted 3/0 to £0-1-11%, and Burmah Oils

were up 2/11% to 08/10

İ.C.I. REORGANISATION

"Of the 1,444 issues traded, 782 declined, most since. Dec. 31,1* 1953; 520 issues gained and 205 tvere unchanged. The

latter wiss the highest mince Dec. 24, 1953. There were 188 new 1908-04

Ndw Toile Central, bone of

After business hours on Fri-highs set and 20 new lows. day Imperial Chemical Indus tottention between · two-op-

tries ätitiouneed an Important

posing camps th d

UTONY WEES capital reorganisation: An Issued the market in turnover with of £80 million 41⁄2 pic. sales of 347,500 shares. The secured lodh stock 1972-74: at

Etock 1ort 19%

19% points t8.close par will be made to preference the week at 128

and ordinary shareholders.

CHRYSLER WEAK Since the New York Central

-There will also be a one for one bonus issue to ordinary directorate refused Robert R. shareholders. At the same time Young a place on the board on the existing seven p.c. prefers February 10, there has been a ence shares will be reduced to turnover of 618,000 shards. of Bve p.e. but there will be a free New York Central, more than Issue of new preference shares 10 per cent of all the stock out- to malttain the return dt rough standing

Pacific was active Southern ly Its present level. This now

thodontalpa: in in- was accompanied by an an es nouncement of a fiani dividend trease in the dividend. The

.c. making 16 pc.

for stock touched $4294 and them

of nine years 13 tell off when only the regular

.of

to

trado

REBOUNDED SHARPLY The effect of the United King- dom's external shows up even more clearly

Car Australia's exports are brought

exports were rather into the picture. Between 1951 slower to recover after the first

United Kingdom

Australian and 1982 the

import

London Feb. 21. andr

frem Australia

Bank of England statement Pid. fellons. There was a tutther Imports

£225 decline in sales to 24 807 vehicles for the week ended February

shafts £252 million from million but last year they re- during the whole of last year. 17, reads as follows: bounded sharply to more that But the December figure of 2.980 with orly 001 In the £294 million.

compared

cf 1952. As a result the United King same moath of

Even at of

higher rate bow with

which over car exports were still 1:348 Australia dom's favourable balance

Statement

the

yeat

On

Sterling 1,546.00$,100 18.041.300 $45,128,156 317,727,439 $1,014,000 33,217,411 8л United Press.

US COTTON. CONSUMPTION

is 20 ft., and its length 29 1. as attalit nowcessive' ft; thè›pp-/ (more than twico' the altliner's I portéd United States cotton cont

OF

Note, in elmulation public deposit... Private deposit Government securities Other securities Receipts

fower in the last month of 1991. – Bank rid

Now United Kingdom porters of colton goods and cars

will have an opportunity to ex- to Australia pand their safes

above the 1953 lesions were

end

news ordinary dividend was declared. It Inst which had auctuated on the week. Sales in the issue during the day between 57/101% totalled 92,500 shares, putting it and 57/3 were marked up to in fifth place. 58/

Preference charts were quoted after hours at 297, a rise of riinoperite on the day.

The gill-edged market WAS subdued until Thursday pending

Japan Plans Shipping Expansion

London.

the

Chrysler was a weak spot in actives where it' achleves Afth place on 88,200 shares. It tldred the week at $58, ex- dividend, off 1 points.

General Electric, a star për- former for a

high since

1920, hif

Row

at $98% and riored the Week at $00% up Illinois Central, responding lola_twe-for-ané spilt proposal, road 24 points on the week, United Press.

Japanese, Rayon Producers o Coming To HK

the man-hours to produce, if desired gridient for reaching

advantages com- the runway, his obvious

A new airliner which intro- with existing fighters. The craft begins to encounter duces yet another untisual kind Pare chat will be somewhat ground, effect in a shall

size and about the about 60 ft. up, and it becomes of wing is to appear on the smaller

Eurapean air routes. It is the Bettie of marked at about

The original Washington, Feb. al, same weight as the

French Hurel-Dubois H.D. 22

to reduce overall The Census Bureau toddy Pustralien. Britain Spitfire, Its wing spare As the plant sinks there is a

nose-up tendency. Bo- Its wing span is 1471. 7in.

Imports to half of what they were in the year compared with 37 ft. and 42 It cause of

Imports of for a standard aginter now in proath gradient is reduced Le, length from nobe to tall) and sumption during six months to

4,748,078 "Inessentials were

slashed by service.

Its loaded weight is the angle fallens out. At the the wings are unusually narrow January, 1954 totalled 4,421,871 ending June, 1951. expecting to be about 0,000 lb same time, the speed degiba

at their widest they measure bales compared to

during the corresponding period 80 p.c. but this restriction wds

later relaxed

Australiers ns intt 17,000 lb er more for fall. These effects, atcumulate only 7ft. 10in.

A big expansion in Japanese shipping is being But the total wing ardu (givin the previous year. a large, machine: The estimated until the afferaft is

sinking in the aircraf

Have recently been allowed to price when the Guit is in large slowly on the runway of a speed

Cotton on hand in consuming import up to 60 pc. of the 1980s planned to deal with her export cargoes, under the scale production is £25,000 cath, slightly above the sihil, Follow- 1,076 quzre fret 6 115 square

January 50. 81 level. The effect of the now recent trade pact. Shipping schedules from Japan to fully equipped.

ing this "round 'oh!" the plane fedt more than the wings Di establishments on

the Plane Brilaint four-engined Viscount 1984 was 1,780,448 bales com relaxation will be to increase the Thamier at Well as other British and European porta touches down on

pared with 7,288,314 same date Imports in this clum to sixty p..

of what they were in

kré to be doubled, chriler. wheels, the nose pitches for }el-propeller, altiinet, British European Airways

24

same time, large. These services will be main- Cotton on hand in pubile year.

to secure a major portion of the have dubbed 1953 the year of ward, and the aircraft acties

storage and at, compressies on At the the Viscolint. the world's first, firmly on the runway. and be yot only, prop-lel alt=| ·

Flown by test blot. Andre January: 90% 1854 was 12,083,208 humber of Pessential" importained by 18-knot cargo linera expanding export trade of

under construction. There it Auster lightplane which at Moynet, The HD recently compared with 7,288,614 same will be oceanted to Australia But faster 20-kbot, ships are Empite routes, Uner in service.

Because shipbuilding bowle in day, This aircraft was nest in normally used on Journeys of made, kafirkt divat Villa date your carlier. Without restriction,

Active Catton donsuming ports are at present allowed, at When there new vessels. Japan are 10 per cent more than fro trăduvéd

the two or three hundred miles are copuiki, nečki;rik › Twenty-

The bed-51, per cent of

rate enter service; schedules de British, and West German ip- Kivame Media He

route in Apfil breaking records for light air 168

ofdated by Air were 10.032,000 against 20,547. 19892 Inthe

lion will be to allow "essbritigal, be increased. An expan Have now put into operation the Alien Textile Company, di roverall iöverdriano rights up to 1,000

000 same, time year eattler,

goods into Australie at Virtually elon of appanese, shipping, der terest, subids on midbuilders carry sample and publierer months. If

The Favillage claimed, for

It COTTONS EXPORTS,

The Bins rated in the base vices is also being planned on luans, tax cuts and a subsidy on Traflets on this trip, sa

other Empireless routes, inclu

lud- shipbull and of.. gest bitics. The idea behind the the unusual win that de vormid of leven minha is to show how these enables the pinion to try on chr

much. Treater blonde with

India and So

on

...on

'the baso

Tokyo, Feb. Zli, Japanese rayon, producers will send a two-man mission dround. ::Southlost Akin next month" in search of the countries of new markets, it was stated to

praft of Lina. Bix craft-in, Atíštitalls (By; máting i have 49eur airliners: spindles. it 'énd af January, 1984 M the effect of the latest relata Iween Japan and Australia wlityårds the Japanese Government | Omka; and”, Toyoo Ito,

Catering an hour.

sterling of miles between Australd's

akeline

Walk (norvicé' dinée tħids | einäll, aircraft can if the Amme enginès-ílán, one of con-destination #tebe,1 Apriisture that 90,000 in the

of thi network

by: the NoW Kvers CAPting nbil över väli territory.

Ventional wing de antiin change for

The Hurei-Du 9,000 hours were flown of passenger, British are working on a

Flown by a woman pilot and

shipping anti

shipping will adon be back Its pre-war position on aik these

Aunder the, Hów?

the

entatives of the major rayum produéing districts of this colti.