1954-03-05 — Page 9

Queen Sees Port Kembla Steel Mill

THE CHINA MAIL, FRIDAY, MARCH 5, 1954,

'T'I ADE

Page: 0.

COMMERCE SECTION

The B.H.P. Steelworks visit gave the Queen and Duke of Edinburgh their first sight of a major Australian industrial plant at work. They на

several phases of steel manufacture including the tapping of a furnace.-Express Photo.

“Making Business Out Of Immorality

"False Eroticism" Of German

Films Blamed

For Growing Divorce Rate

Bonn, March 4.

The West German Families' Minister, Dr Franz Josef Wuermeling, alarmed by the steeply rising divorce rate, has launched a vigorous campaign against the laxity of marriage morals and the "generosity" of divorce judges.

Dr Wuermeling, who became Minister last autumn, is a devout Roman Catholic and the father of six children. His job, he says, is to protect the family, the basic unit of society, which, he believes, is threatened by the speed of modern life.

SHARES ADVANCE ON HONGKONG

MARKET

Helps

Budget

Sentiment;

}

Loan Proposal

By A Special Correspondent

A wide range of shares made good advances on the Hongkong Stock Exchange this week. Sentiment yesterday was undoubtedly helped by the healthy state of the Colony's-finances revealed by the Financial Secretary in his budget presented to the Legislative Council.

Yesterday's price rises could have been better but then it was rather taken for granted that there would be no tax increases.

There were a number of good features this week- perhaps the most surprising was the rise in Hotels up about $1.10 cents on the week to $9.85, its highest poini since 1950. There seem to be a number of rumours going around that Hotels are intending to sell sites in Repulse Bay, but as far as the company is concerned the rumours are completely unfounded.

It is news to us if we are in evidence in trading earlier in going to sell any slics," a com- the week but this only affected panty spuitesman told me yester-song Jasues,

Ford's Output Britain Seeks Share

Increases

Detroit, Mar. 4. Ford bushed snide ChiV- rolet as the top suto pro- ducer during the frst two months of this year,, Auto- motive News saith today,

The rest of the line up of big producers was shaken

with Buick

third

up

$

place behind Chevrolet. followed by Ponisic and then Plymouth. Plymouth

tradius has been

third

Ford

PILCE.

in

produced more cars daring January and Febru- ary but Chevrolet turned out more trucks. But with demand down, the “No, 1′′ car position for 1984 will be determined by the abili- ly to sell, not to produce.-- United Press.

NEW YORK

STOCK

MARKET

Of Burma's

Development Orders

London, Mar. 4. Competition from German and Japanese firms is expected by a British delegation of six, which is going to Burma this month to discuss plans for long-term development of the country's resources.

The British delegation is composed of prominent industrialists and is visiting Burma by agreement with the Burmese Government, It will spend two weeks in the country finding out how British industry can best contribute to the development of Burmese resources.

Mr G. P. Brownic of the Federation of British Industries will be adviser to the delega- tion. He said today that Burma has about £100,000,000 to spend. in development.

"We are going to see if we con get Burira to spend the money in the United Kingdom," he said.

"I shall take as mais! notes as I enn white I em to circulate to British firms on return. They will then be to sond out their re-

able

Tory MP Wants Revision

Of GATT Rules

London, Mar. 3. presentatives if they think they

The government will be asked at Conservative Party can supply any of Burma's ference this month to seek re-

Arms,

con-

New York, Mar. 4. Railroad stocks nasumed day. Searching for some other Allied Investors came on the market leadership today, influence brokers recalled that market on Monday. There was sparking the general list in this year under the terms of the certainly nu buying cution arise which lifted prices to

the Syndicate which there for in the last four days the best levels in a year. Agreement took over the lease of Hongkong something like 227,000 shares Hotel will be paying double the changed hands, the majority at Demand for stocks appeared needs.

vision of the rule of GATT -- rental it paid last year-$20,000 20 cents over par.

around mid-session when yes- "AL the moment, foreign the General Agreement on ♪ month Instavid

$10,000 a On the subject of Allied Interday' lote sell-off failed to ms, and especially the Ger- Tariffs and Trade which pre- month, But as this was all vestments, I think the com- Attract any substantia! liquida-

mans and Japanese, are there vents any extension of The revealed by [ Company An-

pany's announcement that "the lon.

in force, and getting a lot of system of imperial preferences nouncement when the deal was public issue was oversubscribed

business. The spurt

the British Commonwealth concluded it conerad

be some Ch hardly

four times

might be laggard ralie

"We hope the British delega- and Empire. marked the first tion will be able to get busines regarded as operative in- misleading to those who did not Buence.

Lun

and spread to which might In trend realise that the "public issue"

otherwise go to Under

Imperial other groups. Oils moderate by this

and air- this case was not the 1,249,003

arrangements BOINC foreign firms." indus- in the cturing the week,

crafts featured Business shares mentioned earlier in their

AMBITIOUS PROGRAMME wealth countries allow tariff con- trials, amounted to $1.205.842

statement. The public sue"

The Burmese Government had cessions in their trade with each Monday. $1,300,865 on Tuesday, amounted to 599,993 shores the

ambitious programme of other, and $1,175,479, on Wednesday, other 850,000 having been taken

Velopment

planned to There was some buying caution up beforehand.

Turnover

art1

was

נוג!

He has called for a drastic reform of the law so as to make divorce more difficult to obtain. He has sharply criticised modern film pro- ducers for what he described as "false eroticism," giving young people Mercantile Bank p $3 to $70, Providents old up People's Cus. a wrong impression of the meaning and tasks of marriage.

Only Death Disturbs This Lonely Vigil

Singapore, Mar, 4.

At seven o'clock each evening through the danger areas of Malaya the barbed-wire gates of the enclosed villages swing shut and another night of war begins.

Behind the double fences of the villages patrols check defences. These men with their shotguns and old-model rifles

are

the village defenders, and like the men of Britain who stood by in 1940, they wear armbands inscribed "home guard."

the

ון

The annual divorce rate sonred from 25 per 109,000 of population in all Germany 1014 to 80 in 1030 und to 105 in West Germany in 1952 and record 1953. THE

yenr was

1948 with 187.

More than 480,000 ended in divorce Germany (population 48,000,000) between 1940

1052.

Hiller's

marringes

West about

and

have

were

in-

Many mariages could been saved if divorce judges had not interpreted the law loo generously, Dr Wuermeling be- He and his advisers are particularly

crilical

two o! clauses in West German divorce legislation which date back to Third Reich. Only minor modifications. troduced by the allies after the

These clauses

accounted for than 80 per cent of the more Malaya's home guard

excuses A. O. Rob- legal

for aganisation, Colonel is

postwar 200,000-strung.

force

Inson said: "There is

the Ministry claims, no quer divorces,

permitted divorce in elvilions and all unpaid. They tion that if a bandit did ven- represent a major achievement

to attack ture

a village con cases where one of the two of the wor against the terror-taining good home guard marriage partners was guilty of Isis for these simple villagers unit, he would be, to quote the adultery or where the partners

Duke are now ready to protect their

fived of Wellington, damn-had

in separation for three years or more. homes and drive off bandits ably mauled."

"The effect

WOS The Kinta Valley home guard

that who previously terrorised them into handing over food.

all

ןנת

many

In Malaya has been involved marriages were broken "against

in

the

In some villages the home

with guards stand watch police as valued reinforce- ments, but in 72 of the "new villages" -

centres regrouped put behind wire for protection frottn terrorists-the villagers proudly guard themselves.

The defence of a village

10

be handed over to the local home guard is considered to be

an honour today. It is usually

and many times

tion

a number of engagements the will and on the back of an and has earned itself a reputa-Innocent partner." The Innocent is an aggressive fighting partner was punished for the unit among British and Malay guilt of the other. The gullty troops and the local police.

partner simply walked away to Colonel Robinson summed up marry the other person."

the work of the home guard us

"achievements,

spectacular."

but

Static Points

seldom

Severely Criticised

More than 80,000 children of broken marriages aro vagabonds "It is not many months ago in West Germany today. made an occasion for ceremony since the bandits were operat-

Dr Wuermeling the handing-ing in large parties,"

said the Colent!

rate was so strikingly over has been performed by Robinson said. "The imposition divorce

socialist-ruled the British High Commissioner, of food control and the resis different in the

(between General Sir Gerald Templer. tance of the home guards, dis-states of Germany

The Arst requirement" of a

persed over a wide area, have 173 and 344 per 100,000 of the home guard la that he has to been among the factors that population in 1931) from that Christian be a good shot. After that his have broken thom up. *

in states ruled by training is rudimentary. One "The static points of home

purtles

(between 83 and 110) of the most important things guard resistance. Tiberally dis- that it would be "interesting to

ho learn is to

alarm.

answer

In the guarded villages only the which titey foray less fre

a few men stay awake through the night to give warning of an attack. The rest of the forces is asleep at home, although at all leh ready times weapons are for use.

i

small numbers.

in

comparatively

on

an posed over the map, have aided fused to swear

find out how many Judges "re

the religious the accurity forces in driving

deep into the jungle oath when they took office.” from quently and

In other words, "How many vely | Judges base their work

divine mimion and regard "In 1983 the score-board re- not only as a state duty?" veals that Alro home guards Dr Wuermeling was severely

460 shooting affrays with criticised for this remark. handits Rugged Hedgehog

and killed 33. Some Dr Wuermeling's tilt at Alms Should the alarm sound, the home guards were killed by has also aroused the anger

bandita. This b noteworthy, producers, first duty of the home guard is particularly as some critics say

"Unfortunately our to pick up all his equipment

that the home guard is not re-bear a great dha, run to his correct action sisting bandits when they come sponsibility for the destruction part of the rem flation, Laconie home guara

to demand

weapons, food, instructions also say: "He must

marriages many

and be prepared to engage any medicine or information. He Is

They picture adultery resisting and paying, the price.” ***

And to tonight, and every something typical of marriage. night until the long war ends, and rude, disrespect for the | They describe it not is à serious The home, giards are not sup 30,000 home guards will sand peted to follow up a band of watch to protect their hotters personality ong other partner

bandits he might meet on the

errorists, after an engagement and villagesFor many, this when we the job of the regular city will mean deal China The troops or police. Their tale in Mali Special.

to provide rugged" hiddgehog | Hel

of defence to

Mattheir vil➡

"What's Har Dne 2* Salute

enstelberé

of our nine door

Dividend

in the

recently-

and Institute

and

preference Common-

When the Central Council of a number of new factories, the Conservative Party meets

hydro-electric

conference on Firms in the United for a two-day schemes,

Russell, Kingdom would be informed of March 18, Mr Ronald these projects when the delega- move this resolution on behalf

member of Parliament,

will

The rise carried industrials up on 45 cents to new high since Oct. 20, 1829, rails up 84 cents—an | Bul SOME ADVANCES

even wider,percentage gain-- Some of the advances made were at their best in two weeks. this week were: Banks, up Utilities alone dipped, reflecting $65 to $1,040, Kowloon Wharves largely 1 point lom 40 cents to $13.90

.90 (wound Its

Of 1,151 issues traded, 468 peak level), Lands up $1.50 to wore hinger, only 396 lower ena $70

Humphreys 20 The Board of Directors of

Cont

there were 59 now highs set, Mercantile Bank of India to $16, Reallles up a few cents, compared with four new lows. The delgation would The

to $2.20 Trams up 20 cents to Ltd., have recommended pay $28.80, L

Volume Whe light on the Lights old.u

d.up 10 cents to downside; ment of a Final Dividend of 70%

picked

later. up news" up

30 $13,70 and

cents Turnover less Income Tax making 14%

totalled 1,830,000 to

around (also $12,50 in all for the year 1953,

Des shares compared with 2,240,000 of the British levels), Electrics

up 70 cents

yesterday-the year's heaviest to $324

level (peak

and) and volume. obviously helped by last week's

Curtiss-Wright again was the increased dividend) Dairy Forms

ermanetive lender, rising point to $27.40 and $996. 30 cents up 30 Textiles up 15 conts to $7.09. Southern Pacific featured the

the budget: there seems lu

Today's Share Prices

(From Our Correspondent)

BANKA

HK Bank Xp East Agla INSURANCES

1630 20 at 1015

107

835

SHIPPING

Unkon

On

to

A. G. Clarke's hint that income on the day's second best turn.

Cover. tax might have to be increased

Mr

Thia

Conservative

tion returned.

"We hope this will open the of the Wembley door for

Party: frnis," British

Council

Pearce said.

urges the government to follow be led the lead given recently by Mr ly Lord Burghley, a Director of R. G. Menzies (Prime Minis- British Oversea Airways Corter of Australia) and to

He is also Chairman revision not only of the poration.

Olympic Comi- | new

new preference rule of mittec, and President

of the but

the most or International Amateur Athletic nation' obligation as well, even Federation.

without the full support of all Burma in the self-governing countries of £19,080,000. the Commonwealth."

British exports to 1053 were worth They conflated

trical goods.

most

Beck

'no

favoured

si vehicles,

Under the machinery, cotton piece goods, clause special treatment by one

and rice. be quite a lot of high feeling in rail for the second session in metal manufactures

to another country

must be Ice House Street about the lion. w, rising 1% points to $43%

accorded to other signatories of The delegation leaves Britain GATT-China Mall Special. on March 14 and returns from 25.--China of its Annace the news

quarter billion Mail Special. development pro dellar 100-year loan, slipped. Th point as the Company's

at some time In the not too Chrysler, recent feature on Burma 00 Maretu

to

Market

Business

the Stock Ex-distani future on change this morning amounted | Colony's to $003,041. Noon quotations |gramunt. and the morning's dealings:—

of brokers number

feel Desoto division announced pro- New York Cotton SHARKS BUYERS BÉLLERS BALES that there is no reason at alt duction cutbacks.

development should be The NY Stock Exchange bond why

and that volume was $3,332,000. financed by revenue Instead of increasing taxation The Amerkan Stock Exchange the Government should raise volume was 060,000 shares.

Dow loans for the capital needed

Jones closing averages and loans not at 31⁄2 per cent were: but at or 8 per cent.

Past experience has shown. 250 13.90 200 13.30 not only in Hongkong but all

over the world," that short of 10 bonder 7.83 7.20 2300 @ 120 heavy Government or institution- 2000 2.90 al support Joan at such a low 1000 780 Interest rate is doomed before

500 7.90 it is launched.

DEFINITE NEED

Asa Nay, 1.18 1.20 DOCKS, ETC.

Unck

Provident (D)

(N)

S'hal Dock Wheelock

1.10

21.30

14 500

LAND, ETC.

HK Hotel XD 9,10 9.40 1K Land... 70% 7715

13.90

1500 g 7.90

800 7.90

MOO 7.90

0.20

30 industrialé

20 radia

15 titles 45 stocks

Comm. future price, Index',

291.43

New York, Mor, 4. Cotion futures trading today proved stow and Indécisive.

At the close prices ruted threo to three points 102.47 points higher 2414 lower. Opening prices were 111.75

unchanged to up 3 points, New 100.30

Orleans finished one point lower to three points higher,

176.61

United Press.

Prices showed minor changes on either side of the previous

Singapore Rubber close on most buyers and sellers

Market

New York Sugar Market

New York, Mar: 4. Word No. 4 sugar futures to- day closed unchanged to 2 points lower with sales of 120 trucks.

con-

Domestic No. 6 sugar futures closed unchanged to 4 polits higher with sales of 30% tracts.

con-

World futures drifted tower in company with the law market in quiet dealings,

Dealers thought any further advance awaited new Incentives.

In the spot market Trading volumes and open in would bring a boost in refined

in the Exchange | sugar pricës. Future closings terest today

werew were as follow

Brokers feel, however, there would be considerable support in the Colony for a loon at snore attractive rates and they point to the fact that there is

Singapore., Mar. 4.. stil much late

The market was steady, with Colony floating from investment fair buying by trade and some to investment in search of the factory interest. Prices closed Oct. Bhai Land .1.1211⁄2

18 500 + 18.30 best possible returns. Humphreys XD Realty

a feeling among ....2.17 250 500

UTILITIES

Tram

money in the

Month March May

July

Contract No. 4 (wor)dy.

May

3.200

October

3100-40.100

109,000 2,184,300balei

-United Prez, NEW YORK PRICES

New York. Mar. 4.

July

September

January (1183) March

July

8pot-teents per 1.

Contract No. |

Moy

Volume Open Intoreal

9,900

97,800

30,000

032,400

11.000

607,900

9,000

194,000

4000

1000 DA 200

3500 1000

1000 d 3.20

is that there is a definite need No. 1 rubber per ib. Mar. 6453-544 20 for some, substantial concern in

No. rubber per Ib. Mar. 831-54 20 which to place their money.

No. 1

43-52 This accounts for the recent No

$1-52 631-04%

01-03

Present slightly below the best level of thase investors, the day. Futuro closings;

Dec.

10,400

241,500

Mar.

0,000

7,803

May

1,100 2.000

July

Apt.

Total

May

fob Cuba)

"

Closing Price

May

Spot March May July October December March May.

July

24.30 34.41-42

September

November

23.81

$3.65-84

----United Press.

Č, Lago (0) 13.00 15.30 100 30.00 2008. In Hongkong and Shariglial Spot eubber unbated ...

29.20

100

and Hongkong Blanket crepe Bank, Unions 18.30 Landsail of which are yield No. 1 pala crepe, 1000 de 15.00 ing between five and six per

300 18.79

100 15.70 Cant. One cannot deny that In 100 as 18:30 |0ll "thesa' stócká

there. Is the

1500 412.10 possibility, or rather the prob- 10

000, 15.70 ability, of capital appreciation

NEW YORK MARKET

New York, Mar. 4...... Rubber futures today closed

points higher to 15 points Suly

C. Light (N) 12.00 12.70 500 of 170 nut balancků dominát that fusion lower with sales of 23 contracts.

Electric XD . 99%

Telephone

XD. INDUSTRIALS

Cement XD.

of ATONKS, FTC.

Dairy Alms

Walsen. X. Af

Textile "Corp

moit

28.20

The expiring March delivery fact that a Government loan is showed relative steadiness while

200 20.29 & gilt-cogod security and the later positions essed as destora

monum "kile

money

a very

Investors"

March

10.00

sook, aeiling orders predominated. 18.80 1000 14.00

સી. 500 1180 above

safe and No. 1 spot Ras were quoted at 1870 sound investment, with's con- | 18% centa a pound. · Frices: 2004. 1970 slant or near-constant return,

2200.03.18.70

19,23 This nood, brokers reel, could Judy 17.60 28.20°° 300`§ 28 be. · well satisfied by Develop- moet Lowes.

חונט

LONDON METAL PRICES

Spot cents per Ib.

elf N¥ ex-duty);

0.74-75 5.51

4.74

***United Press,

London Foreign

Exchange

New York

London, Mar. 4. Montreal buyers selletr Hambung 00736

10.08h

Tin, pot

Deo.

the unrestion that an overseas

There also seems to be good pport in Ice House Streat for

March

19.00 39.78

3-month ..*

LONDON MARKET A.

London, Mar, 4,

Copper, spot Land. March

moni

zine, March

June

Juna

loan should be noted to finance The rubber market was dulot

1000 mm, the extension of the Kal Tak with No. 1: Ras' spot quoted at

airport scheme instead of foot-18 8/10 pence per lb. Price: ing the bill out

culties, even of current and No. 1, pp. 1415-10

Bevilerpent, Bouas termas

3 Asin the feeling is that in-d4.pr

wakikuwa shotild › be made.

Winthe

"All prices

Copenhagen

Peris stockholm

Zürich

sterling per long forå NEW YORK FUTURES

Lead, March

April

| Tin.: March

||Kino, March

Copper.

sonte per

Loridos

Exchange Rates