1954-03-05 — Page 1

PIE

RADIO

for

the CA

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GILMANS

› GLOUCESTER ARCADE

T

COMMENT OF

THE DAY

Lesser. Evil

THE Financial Secretary ended his broadcast on Wednesday evening Ox- plaining the budget pro- posals with an interesting observation. He said: "If it is the public's wish that the Government should go ahead with its present programme we shall do it." That would appear to be intended as an Invitation to the public to voice their disapproval of the several projects man- tioned in the budget if they are so minded. Yet aurely the "present programme". or most of it—has already reached a stage of decision which makes it virtunily Impossible for the under- takings, to be abandoned. Completion of the Central Reclamation, followed new ferry piers, followed in turn by the City Hall; a new airport (for although only a token vote for this appears in the 1954-55 Estimates, the Colony in fully com mitted to the project which · is bound to begin to take shape next year); A new Kowloon hospital; developments; the Tai Lam Chung reservoir, and so ah. Can It seriously be sug- gested that any of these schemes can now be set aside? Of course not, and therefore the public must accept the Financial Secre tary's "Invitation" as 14 forgivable piece of rhetoric, and ponder

by

roud

instead the much more earnest subject of finding the money to pay for thear undertakings.

A

new

Are

THE / WEATHER?—Moderate North-East winds, :voering and freshening, Cloudy or overensi with some drizzle this

evening.

CHINA MAIL

No. 35757

Established 1845

FRIDAY, MARCH 5, 1954.

ORIGINAL-ODHVER Calculator ---- Model 107.

Price 20 Cents

Only $550 HONGKONG TYPEWRITER EXCHANCE 9. D'Agullar St.

Tel. 21433.

HK NEED NOT BE UNDULY DEPRESSED

Bank Chairman's Survey Of Conditions In The Orient ENCOURAGING INCREASE IN EXPORT OF LOCAL MANUFACTURES

Apart from disappointments caused by trading restrictions imposed during year by some countries in Southeast Asia, and the big handicap relating to China, Blaker. Hongkong has no reason to be unduly depressed, declared the Hon Cedric MC, this morning when he presented a printed statement on the activities of the Hongkong and Shanghai Banking Corporation ad a review of political, economic, social and financial conditions in the Orient, at the annual general meeting of the Corporation held in the Hongkong Bank Building.

For the first time in the history of the Bank, the Chairman's annual survey of events in the East appeared in printed form and copies were circulated to share- holders at the meeting.

Making further references to Hongkong, the Chairman's statement disclosed that the exports of locally manufactured goods over 1953 exceeded those of 1952 by 31 per cent, with textiles "On balance additional capital representing two-thirds of the whole. The statement added:

No doubt owners of appears to have come into the Colony and bank deposits have increased. such funds are only awaiting the propitious moment when they can profitably employ them in trade

Hon. Cedric Blaker, Chairman of the Hong- kong and Shanghai Bank- ing Corporation who this morning presented the Bank's statement at the annual general meeting.

Stowaways Leap From Ship

or industrial operations to conditions in the Far East, the statement said that it can fairly Fr

be claimed that British influence in the Far East and in the countries of Southeast Asia has gained in prestige, and that although last year trade again fell off somewhat, national develop- ment programmes have everywhere in the East made progress.

even Un

t

not unfortunately

44-3

my

with it

and the

for

such as

It

progrese

have, to

So far

One Drowned, The Other Missing. -

McCarthy Charges Called "Damn Tommyrot"

Washington, Mar. 4.

The United States Secretary of Defence, Mr Charles Wilson, today described as "damn tommy. rot" charges by Senator Joseph McCarthy that the Army had been coddling Communists in the discharge of a dentist whose loyalty had been questioned.

Mr Wilson made his statement at a press conference at which he was questioned about the discharge of the dentist, Major Irving Peress, and Senator McCarthy's investigation into the circum-

stances.

Mr Wilson said that the Eisenhower adminis- tration was doing everything it could to root out any Communist influence anywhere in the Govern- ment.

Asked if Senator McCarthy's quite as courteously as he was investigations had been harmful entitled to be treated.

Mr Wilson re- or bertelelal,

Mr Wilson said he was sure plied:

"The Communist prob- that the Army Secretary, Mr jem has been pretty hard to Robert Stevens, had done the handle in this country... but best he could in handling the the idea that the Army is Peress case in the face of the coddling Communists is damn demands for explanations made tommyrol.

by Senator McCarthy.

Mr Wilson agreed that new legislation might be helpful in ridding the armed services of any Communists, but he said he thought he had a better solution. That was to handla each case by itself,

get

will be introduced, which not only affects the East the icy waters of Mobile the McCarthy Com- a victim in the process.

economie

face

other

were

WIS A

De Valera Calls General Election

"The Army has been fighting the Communists in Korra.

"It is just foolishness." Mr Wilson agreed that there had been defects in the Army's handling of the Peress case, but said that steps were now being full text The

of the Hon

SOUTHEAST

had little choice but to concen- | this countries should be able ASIA'S

taken to tighten up army pro- Cedric Blaker's statement fol-

ECONOMIC NEEDS trate primarily on expansion of 10 catein their essential imports Mobile, Alabama, Mar. 4.

"The important matter is ta and on the both of cod and of consumst food production

Two In each of the past four years

16-year-old stow- cedures. lows:

them out au qulckly ལསྶ MC casonably i

Wilson,

answering E

but to Arthur development of basic resources, goods at prieca

act fairly his in

No survey of the year 1953-

predecessor, Sir

possible FTER indulging

relation to the prie:s of their aways from Turkey who Bank Morse, in his annual statement such as power and transport, Eastern

were being deported for Settat said he did not think towards all individuals," ́ho "statistical exercise" of not

exports.

McCarthy was inter- Chairman's review of events in

INVESTMENT CLIMATE referred in one connection or

said... that in tha trying to budget for a five East

is obvious

HONGKONG-CUNA

illegal entry, leaped from afering with the Army or ces think we have to be care Asla would

another to the faanense econo-

TRADE be complete year period, the Financial without mention of the memor- mic needs of the countries In second stage of development

we have dealt in ship taking them home into procedures, but he did not reply Secretary declared that he able occasion of the Coronation which we

operate. Their

when asked it Senator ful that the thing we are try- when a wider form of industrial general terms with a problem ye-

was n help. He saiding to protect does not become own of Her Majesty Queen Elizabeth quirements

stated, were, he could not take his

more Beriously. which was celebrated in an un- higher standards of living, mo capital will be the paramount but also is a word-wile one. Bay last night. One drown-he figures too

as the Pre-

However, it has

the very special ed in the escape attempt mittes was bringing to

"I do not want to become Nevertheless, utterly regard. paralleled way by all British sub- extensive food and other agri-requirement but the

of

Interna-application to present trends and and the jects and by

production and, indeed, sident cultural very many locul

still WAS attention of the country the fact party to a witch bunt."--Reu- less of the accuracy ur

tional Bank

out dev:lopments pointed

In the ail nationalities general development,

that there

Communist | ter. countries residents otherwise of his five-year here in Hongkong. as well as

Plan prescribed. I the Colombo

last September "the avail-whe

bo where we have offers: We must missing today.

problem and that it musi next direct attention to thes? budgetting, the Financial in every other town where we and which in most of these coun- ability of capital cannot by it-

The authorities said that the dealt with realistically. be expected to remove some countries severally and to me youngsters jumped from the

HIS PREFERENCE active Secrotury insisted that in have

self be There tries is gradually being put into agencies.

added, however, he would He due course more taxation have been troquent expressions effect through national develop of the most important obstacles of the problems which

plans

Such British of loyalty to our Royal Family ment plans. These

Krowth"

bankers and merchants reignter Lipscomb Lykes which would have to be levied on

had just put cut to sea from the much prefer to see the surviving In the past but never before as is well known, stressed the obstacles are often referred to who ep

Sperate there.

Mobile Bay ship channel en leaders of the Communist Party the pubile. If this is to be

stance of agriculture, to have

and importance such widespread

as the "unfavourable climate

thon the First of all

we propuso te

rather

Max. 4. route to Turkey.

Dubiln accepted, it remains to genuine

demonstrations of Kether with basic coonomic pro-

which deters or scares off

capi

take Hongko and the vexed i

"uttle

Prime Ministert, Baron Do insist that when that un- popular affection for

tal Investment, Climate in this the gress, such as the expansion of

with Chine. in this

The two young Turks were Mr

said that every Valera called for a general elec- happy

extent be moment arrives, Monarch been

can to some ahown

by the power, of transport and of com-

be The facts about what is loosely identified as Tamer Magden and witness before a. Congressional tion in Elre, tonight...after his Government sees to it that British peoples throughout

The latter manufactured by governments, termed "East-West munication systems. the

trade" are Ozer Feridun but it was not investigations Committee should Fianna Fail Party had failed in who have world as were

It in their power to

well known to burdena

to shareholders of the

displayed last are prerequisites

increase of immediately determined which be treated courteously but he two by-elections to attractive for The Hongkong of make conditions

and with any large-scale output of wake equitably applied. There are year on Coronation Day.

declined to become involved in their alim majority of two in Although Corenation year did agricultural products, minerals investors. But to a large extent Banking Corpouten but others body was recovered.

direct discursion of allegations the Dail (Parliament)-Router. two avenues of taxation:

it is determined by the stability, are not so well informed, Dur- primary materials

Temperatures bring

below by General Ralph Zwicker, the one, a direct levy on wages, any noticeable abatement of the which these

or lack of

Commanding countries provide.

Officer of

of Major salaries, and business pro-world-wide cold war it did | Last year Sir Arthur referred to tical and of the poll-ing the past your fantastic com- freezing and a strong wind was

structure of plaints have been heard about blowing when the two dived y

nod to the Peress, who complained fits; the other, indirect eventually see the cessation of many

ame prob.

climate is a country. Where unfavourable

alloged British perfidy in trad- into 35 feet of water. A launch

Chief Objective ΟΙ the injection levies

quoted an

great deal was lowered from the Lykes Defence Department that he had by Senator Me capital on excise The second is, of a higher international action)

through increased open hostilities in Korea and lem and cts of this

large scale (if it ing with China, A

a Committee hearing. the inception of an optimistic phrase of the Paley "ht

proves possible as a result of this talk has been based on ship to search for the two and been insulted by

London, Mar. 6. uninformed or misinformed pre- the Coast Guard was summoned Carthy at a

Mr Wilson said he had not Soviet

Foreign Minister from the public point of

may be in

mises. There Te those who to join in the hunt,

read the full record of the Vyacheslav Molotov sald Inst view, by far the most desir- the world political situation standard of living in the free

would

who gradually develop as the world. In stating his view that indigestible, or even damaging either do

which General Zwicker night that the main object of able. These hurt less and

problem Korean

became lcss the governments of the East

to that country's ultimate good.

Ignore the fact that, quite apart found until today when the tug

No trace of the youths was honded, so he did

not know the Geneva conference would they also menn the

menacing. In any case we can

should necessarily play their

PRIVATE CAPITAL

from the United Nations em- Virginia D. Early recovered one exactly what had been cald, bo to bring peace in Indo- additional burdens are more fairly claim that British in part he

urged

that

attempt Ад regards private capital, bargo on strategic goods, the

He agreed that there was a China and assuré national widely spread. If the time fluence in the Far East and in should be made to introduce in- tendencies in certain Eastern British and United States Gov-body about two miles from the comes when it is imperative as gained in prestige Morever large scale" na "It would be far permit its introduction by for-1; nothing injurious

the countrica of Southeast Asia dustrialisation a rapid or countries show a reluctance to crnments have agreed that there spot where the boys had jumped. general impression that General rights to the peoples of Indo-

ta The Ε. W. Myers, head of the Zwicker had not been treated China, Tass reported-Reuter. that the public should con-

US Immigration

Quice

here, although last year trade has tribute

wiser to concentrato all avail- eign concerns acting independ-alled cause in East-West trade to more

theagal

that it was not known able capital and energies on ently, but encourage, or even | being conducted in non-strateg whether the other youth safely | fallen

Hen off somewhat, exchequer, then we belleve

development

food and pro-

agricultural produc- oblig

obligate joint participation be

This commodities. his applies both food an the Financial Secretary can

have everywhere in tion grammes

domestic in regard to trade with the So swam the three miles to shore ancillary in- tween inition and find more

the stiff wind. The than one

daily the East made progress and the dustries which depend upon the capited in now industrial pro-vlet bloc and with China, Sir against commodity which could be way in which many of the coun- raw materials available in the jects. Examples of this can be Hager Malins, M. Ambas Lykts ship was 30 minutes out taxed and in such a manner tries in this

mentioned of Mobile when the escape at- arca have co-country

and Burma,

but also elsewhere, this understanding that the intake for the operated in the interchange of surprising to us to flad that in

in a speech tempt took place. Ideas and of technical assistance a recent

favour delivered at Los B recent book which received Where

Angeles governments Treasury would be subsian will undoubtedly prove to be considerable notice in totation industries there is of course no that Sir Rogue did not special

Myers' sild that the boys had widespread nationalisation of October Last. I may ay legally boatlod

ship in tial

without

а having matter of considerable im- the first part of and used in stimulant to foreign investment

Turkey and were taken into crippling elect on the

portanec and give greater was picked

Hongkong's economy of the Individual. cohesion when more stable con- isolation from the second part in Indirect taxation ía Unditions permit greater economie | to support a dogmatle assertion in any countries and particu- position and to its needs. Our custody when the vessel docked the Lipscomb deniably the lesser of two activity in this uneasy sector of that "already voices are being be in India much thought IB Governor hire in Hongkong 65 at Tampa; Florida, They were of the Colony Lykes for return to their home raised in the City again being given to ways of mobili- also spokons

sing larger accumulations of scale development in Southeast domestle capital through savings the position to a land · after deportation proceed. |

crystal clear,

ings, Uluted Press. Asia". This is surely a mis- without

More- which development

Novembe mptech last representation of the City's plans will be handicapped. This over, that prominent American atitude to the needs of South- is important because of the com- Director of the Foreign Opera-

official, Mr Harold. E. Stossen, cast Asla just as it is of ours. paratively small amount tions Administration, has taken Sit Arthur was of course dealing foreign capital which is

is Anding with immediate and short term is way to Southeast Asia, How-up the cudgels on behalf of East-

not with plans.

West more distant ever, the low standard living

trade i of developments when oppor ja obvious handicap and Roods en more than one occa- tunities for largo scale in- improvement in the quantity of elon,

evils.

TAKE A TEAMPUNKT 28]

BOVRIL

GE HOVEN AND STIM

ask for delicious

the world.

HOT BOVRIL at the Dairy Farm Gloucester lounge

4

"no

foreign

and

not know ar

those on

concerned It was seen notably in India, Japan dor at Washington,

out

dustrialisation may well arise.

savings can hardly be great until What was sold lust year more general prosperity reduces

rics of prices of

thore areas.

PRICES

ty ritor

on

sald

transferred

2202 empirationfly

to

non-strategie

RAF To Double Night Fighters

the underconomic the raw materials produced' in Boen caused by restrictions on that the Royal Air Force would |

¿.

London, Mar. 4.. The Under-Secretary of Stato for Air Mr G. R. Ward, d

double the number of its night fighters during the coming year, He related to a new type of fighter plane capable of breaks ing through the sound barrier in Horizontal flight, and of suc cemill research in the field of aerodynamics.

SUFFERS MOST Hongkong has sufford more asema perfectly in line with the the overwhelming poverty. But from the United, Nathas em»

Eont is prosperity in the plans of all countries in South cumscribed by the exarpeting in the world. But her trading other country bargo, than any cast Asia. The Colombo problems of the was fluctuations dif in which most of these countries

not dis to the difficulties aro partners, from la start em-

foodstuffs and of ambra alene. They have pico phaalsed the basle.' needs of

obtaining certain materiale im- countries. It stated that "the

posed by the United States and central problem has been and

There are few people inter- by import control, enforced, by still is the supply of food" and ested in world trade who are some of our neighbouring coun- that "related to the problem of not aware of the fact that fits. However,

most of food is that of transport". Next cecnomio progress in the East States have new

aliculties With the

United booty cleared other balo industrial cannot procted, sloadily. without activities, particularly electric steady priced for

Train up thanks to the exoplant commodities. An ad- operation of American "omcials Other authorities.', can be

committee on under stationed lay Hangong, and from Vallant jet would gradually quoted. For instance, the developed areas, in report to time to time there has been some replace Une Canberra bombers Unked relaxation of the controls In In the RAT. Ha declared that Director General of the Inter the Director of the national Labour Onanisation in States Mutual Security Ach gourd by our neighbours. But the the RAF had already randul

recent report mated that in- miniftration leat May tightly United Nations embargo still repedtrat quadrant with culation in its wider senso wanted that the objective food insins: Se foros.

fupersonio Dr Swift, ngburs, 5 and would inteely,come to East Asia bal" "not rigidity of prices ?? Or

Burber in the moond stage of economic demand; but an Ironin

cama

pawer.

Med Ward Also, said" that tho

Torsigm Onice Rookesmen have equipped

6 DIFFERENT

CENTRES

IN EVERY BLOCK

CADBURY'S

MILK

TRAY BLOCK