1954-03-15 — Page 9

A New British Helicopter

THE CHINA' MAIL, MONDAY, MARCH 15, 1954.

TRADE and COMMERCE SECTION

This is the Haro Skeeter, one of Britain'. latest helicopters. It is being developed for Royal Navy spotting work and as an auxiliary aircraft for the Army. But the makers belleve it greatest possiblities Ile In Its use as a “businessman's plane”—for short Inter- city trips flying from "roof top" bares. Other suggested uses are; crop-spraying, whale

spotting, and land survey. A Saunders For Photograph.

Latest Round-Up of Aviation News From Britain

New Radar System Designed

To "Let Out A Yell"

In this week's round-up of Aviation news from the headquarters of British aviation manufacturers in London-the Society of British Aircraft Constructers-there are itams about the industry's “boflins“ experimenting with new and more effective radar systems, the industry's comment on the British Government's new policy of testing about 20 prototype aircraft at a time instead of the two or three prototypes previously employed,

and an interesting story about the plans of an Australian aviator, Captain P.G. Taylor to organise luxury sea-plane trips to the South Sea Islands,

Axed ones.

However the technical ad vantages were far outweighed by the coils of used film which threatened to swamp the opera- tans Foom with celluleid.

British experts. are con- that the eperator could dis- prototypes, twenty aircraft will

of tingu moving targets. from be_ordered for flight trials. sidering the possibility

with

Ordering a pre-production elec- linking radar

batch of aircraft will speed up tronic computors (so-called

what might be called the electronic "brains") for the

'middle' period in the aircraft so as to

prochiction cycle. The first phase. defence system

in the development of any new give an automatic warning

aircraft is the creative period of danger when unidentified

when designers are grappling This week's helicopter news with the mental problems and aircraft are picked up by

includes: Mr Raout Hafner, demands of a new operational the radar network.

40-year-old Austrian-born chief requir

requirement. Anony the techniques being helicopter designer of the Bristol Last of all, when the design considered Is one where in Acroplate

Сотрону, gave hos been flown. tested, and Formation from the radar system | this

year's Lous Blertal

proved, comes the production fed into the computer would be memorial

leclure, In Paris, on period, when the rate at which with a reference or March 10. 111s Compared

subject:

"The t

sircraft are turned out depends alety' patiem. a dangerous, Domain of the Helicopter."

The

principally

numbers the situation developed, the systemi

um lecture would automatically operate an year in London and Paris.

is given every other ordered. IL is the

period between these alarm-"Let out a yell" as one

Ras-turbine Napier

when the aircraft 18 expert described it. The bade engine called the Oryx has just fight-tested and proven-that

กโร applicables to been ck. cff the Secret List will be accelerated by

can be said about government's new plan. monitoring systems for the com- But nothing mercial airways.

I except that it is planned to The automatic warning system,

Logical Recognition sull very touch in the future, 3

RIV ng $86 jet thrust at the ne of the many methods being rotor-blude lips. examined by experts in the... continual search for the perfect;

darwalchdog."

idea

Is

3D Tried Out. Since the radar screen meni- toring system was first intra- duced, there has been a

con-

staut search for new techniques and refinements to increase the

(which bomber) position plotted and information about it passed on for operational

A

new

use it as a je: haficopter motor.

☆

airman,

un

middle

two- being

the

This is a logical recognition of the growing complexity of modern aircraft and their equip. ment. Today the time taken to get a new aircraft Into service

the

air-

Australian veleran Captain P. G. Taylor. fold an depends an far more than the Australia House prers conference successful design of last week or his plans for taking succ

Ecruft itself--equally Important Australians

luxury "air

is the time taken to develop all yacht" cruises to "fabulous and e

the equipment which goes into

on

beautiful" South Sea Islands,

With a four-engined Bermuda the aerodynamic shell. such as

ying boat he has just bought

In with

new radio anel radar, the armament, and the various

eliability and accuracy of the in Britain, he intends taking 30 hydraulic and electrical systems. procedure by which the mail in blip on the

The Aircraft Industry expects cathode ray tubes Pengers et time on 1,000- Jaunis from Sydney inay be an enemy mile air

that the new plan to order a is Identified and its over six different routes.

Crocodile

shoots and buffalo number of pre-production air- at en carly stage will have hunts will be thrown the escoanut palms and cami three main advantages.

First, the Minister of atolls. Some of these problems were described recently by Mr K, E.

Prices will range from A£200 Supply stated when announcing the plan, it will enable fight Harris, a Director of develop to £A450 per person.

triads to be conducted by several This will when modifications

Usc.

ment

In

ni

Bold.

in the

mentioned

#401)ity—"one of the greatest

ดร

knows those aircraft at a time. Captain Tayler A. C. Cessor Llà., one of the leading British com-South Sea Islands well. In 1950 menn that

Come he pioneered an air route from are required, flying nerd not be panies dimculties

were Australia to Peru, visiting many held up while the machine is

of the small island groups en

kept on the ground and changes new then in - and the

basic mute. He associated

Catalina are made. specially adapted problems

it whi with this

also be possible to system of defining the position flying boat.

Captain Taylor is Australia's make a much earlier start with lests en all the differing piccer space of a wanted target and

greatest protagonist of the fly of equipment that the aircraft adding to it a statement Identification while eliminating ing boat and unlike many people ope

to carry If It is to it doomed

operational condider

to extinc- forthglion.

tion, he bolleves there are wide to make any changes Eund to wespon—and, equally important.. There is the problem of

for this type of possibilities closing the time-ing between

bó necessary in Adapting this A133- in especially aircraft, obtaining information from the

equipment for its job." cathode ray tube and passing 1tralia's northern constal waters.

table, and the to the plotting various developments

all unwanted or extraneous In- in the aviation world today who be satisfactory

3

TWO EASTERN BANKERS REVIEW FÅR-EASTERN CONDITIONS:

GLOOMY PICTURE OF JAPAN'S

ECONOMY

Mollifies Critics

Of

New

Payments Agreement

From Our Correspondent

London, Mar. 14.

Was

The belief that Japanese goods are a menace to British exports wherever they appear further undermined this week by the Chairmen of two principal Eastern banks.

The angry uproar over the Anglo-Japanese payments agreement has already died away to an aggrieved muttering. Critics of the agreement have no doubt been mollified by the Government's assurance that increased imports of Japanese textiles into the colonies will not mean ruination for Lancashire.

In fact the colonies will spend only another £7,500,000 on Japanese goods for their own consumption this year.

The remainder of the increase in colonial imports from Japan-some £36,500,000—will be for the entrepot trade of Hongkong and Singapore.

to cultivatule Land is

Vienna Trade UK Investors Hope For

Fair Opened

Vienna, Mar, 14. The Austrian Minister for Agriculture and Fore-

Herr stry. Mr

Frang Thema, today opened the Vienna Fair, at which about 1,280 firms from 24 countries are exhibling.

The main exhibitors are West Germany,

with 760 exhibits. Britain 123. Italy 104. Switzerland 93 and the United States 09.

Though

Soviet

diplo-

matic representatives were

at the opening, none of the East European "Iron Curtain" countries, which usually take part,

have sent exhibits this year.

An international car and cycle exhibition has been Included in the Fair for the first time...----Reuter.

Lower Interest

Rates: Shares Firm

From Our Correspondent

London, Mar. 14.

London The cheerful atmosphere of the Stock Exchange last week surprised many people especially as the markets are usually in a state of suspended animation at this time as they await the outcome of the budget.

The City, however, now appears to have made up its mind about the budget. It has given up hope of further tax concessions but finds con- no further burdens will be imposed.

But continued firmness of gilt-edged securities mainly reflects the view now wide-spread in the City that ; Interest rates will shortly take a tumble. There is again talk of a reduction in the bank rate, this time backed up by direct evidence that the "four per cent era" is coming to an end,

HONGKONG Folation in the belief that at least

STOCK EXCHANGE

.

Business done on the Hong (From Our Correspondent)

kong Stock Exchange morning amounted to $743.015.30, Noon quotations and morning's dealings:-

The failure of the Cesperation

in the forga market kten

of Glasgow's issue was rega and demand prepad for Gemati

this!

ct the down- as confirmation ward trend the

of Interest rates, The subscription tists for this £5 milion issue of 3 per cent stock at

remained open all

SHAKER BUTERS SELLERS BALER BANKS

It is true Japan is now offer-lation ing cotton and rayon textiles at belleved to be the highest in anything from 18 to 20 per cent the world. below British prices and this Sir Kenneth points out that has Lancashire seriously worried, "offshore"

purchases and special But during the

past few | procurements in geneetion with weeks there has been ΚΡΟΥΣ

row the Korean war have shielded a ing awareness In this country

Intry Japan from of Japan's

shaky foundation and this has con- now largely disappeared although DOCKS, ETC. tributed

to subsidence of the this

may be partly replaced by anger that was felt when the contracts for rehabilitation of agreement was signed.

Korea. The

low

that

uf

1K Bank Fast Asla INSURANCES

Union AM | SHIPPING a grave economic

Waterbuat economic crisis. And he notes these have XD

1050 100

..

RSTIA

10 20

K. Wharf

XD

Thái Đuôi

FELL $65 MILLION Japan's deteriorated

year.

ARTIFICIAL PROPS

72

day on Thursday.

Later t was announcer that

10. 80065 per cent had been left with

the underwriters,

demand for Kilt-edged

The

went on without a pause all the weck with interest centred chiefly on issues with high coupon rate. 500

1.15 Dock

.2i 16

100 21

21.20 Provident (D) 13,70 13.40 1000 13 70 Provident (N) 13.10 13.30 100 13.in S'hai long.

1.43 12 1000 @ 11. 2000 m 155 3000 un 1 20.10 800 4.05 1500.09 1000 m 8.05 2000 1,04

kew

Wheelock

HK Hotel

ха

Industrial shores benested by i the firmness of the gilt-edged market and prices advanced" in many

sections, There

were galas in stores, paper, buliding

material, and electrical equip ment issues and a fair amount

of selective demand for shares in other sections. sons.

end Jepanesc ues.

Teas and rubber shares were regular but Kafirs remained firm.

NEW YORK

STOCK

MARKET

New York, Mar. 12. Stock prices rose to the highest levels since 1929 during the past week.

Tobaccos, however, were backed the 300 level for the In the doldrums on a revival of 4.0 fears about cigarette

selen Telu lowing the disclosure of a latinship between smoking and ink down

The Industrial average cross- Arst time since October 1920.

and utilities

their achleved

best' average Agure since September 22. 1031. The Industrials lost

In a strong Ralis lagged behind

we-

1500 #1

$5000

#

:

10

1000

5000 8.05

1000 A 0

1000 0 $0

1000

0 05

00

on the week 52/12 and British

American

10.10

2.15 3.20

300

38.23

500 18.30

(3776.

Chaumon of the However, such purchases, Mercantile Bank of India, Sir whether in connection with the Kenneth W. Mealing, takes a actual waging of the war or Brave view the Japanese rehabilitation of ravaged Korea. situation in his annual economic can never provide a solution to review of the Far-East.

Japan's long term economic **The economic situation of problems. the masses in Japon is so very

should

external purchasing power of the yen be seriously depreciated, a social only when the nation knuckles

These troubles will be solved LAND, ETC nud eccomic disaster

would down to the task ensue," he said.

of balancing its external account withoul urtificial aids which have economie siluation

The propped up its economy for the Just

past Kordan ceasefire came into efferi

two or three years.

Shai Land...2235 The

Government, Japanese last July and American "special however, has not remained idle.

Itumphreys procurement"

Realty de-Control over non-essential Im- UTILITIES clined from $79 million in that ports, balancing month to $14 million in August, and tightening of credit control of the budget Japanese imports

1953 in exceeded her exports by almost in hand.

are among the measures it has 100 100 per cent.

population

Both Sir Kenneth Mealing and meanwhile contin

to grow at an alarming rate.

By the Mr Vincent Grantham, Chairman | end of the year there were an- of the Chartered Bank of India. Australia and China, welcome other 1,180,000 mouths to feed the Anglo-Japanese payments a formidable task in a country whose population density in re-

purchases

Goodyear Has

Record Output In 1953

New York, Mar. 14.

were

New records In production and peace-time employment, as well as all-time highs in dolar sales and net earnings, established by the Goodlycar Tyre & Rubber Company in 1953, it was announced here to- day.

agreement. Sir Kenneth believes the free world must accept the corollary of Increased Japanese

For competition. Trade

phy refusal to

with equitably

Japan. may drive her to look (for markets) elsewhere with results more serious to the West than any which could flow from trade competition however severe."

Mr Grantham acknowledges the help the agreement might | give Japan in balancing her account with the Sterling Area but points out that Japan's problems "are too deep-seated to be righted by small trade concessions".

AUSTERITY FORECAST

He views with special concern the inability of Japanese indus» !

the

HX Land

career. Imperts Tobaccos cicat utilities finished

part of their goin and the

position, und Tobres lost 2/24 to finish at and closed the week lower, off- Betting goins in other major groups.

IN FINE STYLE

Anglo-

20.19 29.40 100 20.20 In the oil section,

1000 2,30

Many leading shares moved

290 Iranian went ahead in fine style higher, some to new highs. But carller in the week. On Tues- the best gains were made in computing the averages.

Olls were active and some of the

Air-conditioner stocks were prominent with a demonstration buying Line shares of strength that carried several

18.70 day they reached the new high! shares not used in 2000 15.70 of 223/9 before reacting 215/3.

Since then they have fallen them showed big gains ca

Train

134 Star Ferry CLight 10 15.30 13.00 900 19.70

50

540

500 or 10.70

1000 15.08

170410.00

312.40

624

1000 12.0 of

C. Light N1 12.0

further to 213/1 but ther

still

week.

Was

1000 15.00 stand 4/414 up on the week.

"The

shipping section

50 12.76 enlivened by speculative

the Donaldson

200 12.80 on talk of a take-over bld. The to new "highs, 2254 11.00 shares rose 3/6 on Monday and when Bocing directors proposed

[ further 7/6

7/6 on Tuesday- des-

3000

12.00

XD

Electric XD 30% 91, 1000

Teteplions

31

600

31

2014

pite an official

21.40

The aircrafts were also netive

two-for-one split. Glenn L.

of 141,000

of rumours. Roletal dental

another 10/- Marlin featured the market in They advanced 20.30 20.80 100

on Wednesday while the market turnover with sales 1M 300 28.46 awaited further statement shares, closing at 21% for a 1000

from the board. When it finally weekly gain of 14 polnis, 130023.40

IMPROVED MARKET came It put paid to hopes of a

An improved market for non- Cement XD 19.20 10.40 500 10.30 large cash repayment and next

500 10.30 day the

shores dropped 18/0. ferrous metals brought demand 27.40 1000 27.70 They finished at 98/3. a loss of for coppers and they closed the 300 21.10 3/0 on the week and 21/3 lower week with gains ranging to more 1000 27.70

polnite, than the top price reached on than 2 41 1.00 Wednesday.

INDUSTRIALS

STORES, ETC.

Dairy

Watson

18.40 18.50 Rtk 7,00 MISCELLANEOUS

Yotste

++ 012 Younett

138 Allied in... 4.10 4.1235 1000 2000

4.10

4.10

tries to reduce their production Singapore Rubber

It may

be

of rubber

in the

Japanese Cotton Output Record Announced

st a

Machine tool Issues had a very good market--iheir best of the year. Other groups to re- ceive attention included the electronics, paper; mercantile and tobaccos,

The

tobaccoa rote carly in the week and foll According to the

on Friday, finishing the

week Company's costs and he says

lower, Steels were in demand 65th annual report, 1053 ales present crisis is resolved "the

at times. totalled $1,210,508,783,-

Market com-Japanese people will probably

Tokyo, Mar. 14:

While the market was In be called pared with $1,138,408,008

upon to accept a

Japanese cotton mills produced high pak the volume was much 1952.

Singapore, Mar. 14. degree of austerity hitherto un- |

square yards of lower than that of 1920. It tell The US is showing u better 103,308,000 Consolidated net income in-

known in the

Interest at alightly lower levels cotton cloth during February off moderately on the weal creased to a new high $49,323,- time history" country's peace-

turnover at 9,197,485 Singapore for a new post-war record, the will 107, equal to $18.28 per share of

that argued common stock. This compares relatively detached views of a rubber market, according to Japanese Cotton Splaners As- shares, against 10,140.079 aliares:

tust, week. with $38,009,800

the weekly report of Lewis and sociation announced today. for the year banker have little In common" 1952, equivalent to $8.00

It mid the January production Dally average sales totalled per with those of men who have to Peat, the rubber brokers."

It said there still appeared to, was

1,839,497 shures, against 2,028,- was 93,520,000 square yards, share.

earn their living in competition be no defnite tendency to the World-wide employment

The announcement said of the 195 shares a week ago. In 1929 of with the Japanese. But this is market and little reaction 101,000 reached a new peace-not the case.

of 4,000,000. to 103,305,000 yards pure cotton turnovera

and time high. the Company said.

amounted to 93,470,000 3,000,000 shares were common. political Their feelings are shared to Fluctuations hove again

statistical news. | cloth Commenting on the prospects some degree by the Director of neglected this week

been square yards against 84,543,000 On Oct. 20, 1920, the biggest. For Squadron Use

for rubber supplies, the report the

and the square yards in January and day in history, stock sales to- Pottery British

volume of business

mixed transacted other uncertain political and,

cloth 6,834,000 talled 10,000,000 shares, second - Important ad-sald

economic situation in the Fat Wentworth Shields, who knows remills have been in

facturers Federation, Mr W. F. was smali: Low grades and

square yards against 8,985,000. The market was the broadest to improve the display, by In January, 1954 British vantage of the plan is that a-

East, and the long period, re-

good, de-

ever known with 1,452 Issues square cluminating unwanted

Iot signals aviation exports totalled nearly certain amount of lung and quired to bring new planting to petition wou

about Japanese. command and the discount on No.,

The on disclosed also i

appearing produced by

who belleves the 4

on the tape, of this such things as £54 million--£1 million more tebling will be needed for the maturity, hold title promise of petiti

Reg ' was 'narrowed con- that the output of cofton yarn number, 731 gained, 331 de- moving rain clouds,

than the figure for Jamiary last pre-production line, and

in the nearby world mersice of this competion may siderably.

hove been Among the techniques Invest-

In overestimated of the rubber.

Prices closed at the end of in January was 208,925, bales or 1 clined, and 190 held unchanged

$3,569,000 pounds as against the at Britain.

the close of the week-Unlled gated to give height and plan

Exports of engines are now real production begins.

the week as follows: Increasing needs position on one display was published separately

January output of 193,898 bales. | Press, is every hope that

Following his recent return spot loose.

United Press. 3D technique, but it proved first time since October, 1951.

operational

trials.

and must be

planning to provide adequate current issue of the Federation No.

in the Ri Ne, i Isu. No. A exessively "diment for epern- These accounted for nearly 1

handling flights cán be synthetic rubber,

to production million of the January

of British Industries Review No. pale crepe fab Mac. other flying

"the. Japanoes are facing Singapore C Blanket crepe Bankët, crape, fob. Mar. The US government was now formidable problem in trying to make crepe loose Tor Service in

rubber plants to outlets to the world's

whole No. I foo April/June.

tors to control.

designed

year.

Filming The Picture export figure.

*

for the

The

will

this

Incrossd

be available for use when super anticipated by forward from Japan he wrote:

1

without24 12 age, and meet this demanil,” I said.

began at a асто

with the

It will be

the

Manu-

and

Government's photo and air crews to measure ita mocean of turning over balance their ecohumy; and their Has No.1 to April

Another system triel out-in- volved setting (upla camera The British

Banultaneously, gress of new, aircraft by placing from the earliest -

unim that though they

5311⁄2 centu

United Press.

Bank Of England Statement

US Raw Cotton Exports

which continuously filmed the decisión to accelerate the pro- | the usefulness' ofśa now..., "typé | privato ownershipzfast rubber appear to be menneina ya Exchange:iales: Imbat for the wack ended March | for the 1953-54 'moɑson to March..

ruder (display.

procemood

LAYS, 10

TEAS

心跡

ca: Choy okrỷ” get with»

nomy.

The Company sald Was automatically orders for a number of develop the period of teething trouble plantations In Sumatra had certally hiscos they have get and Thon

projected

has boat welcomed which comes to every new nice cronzing propordon't of its recome ment aircraft

been supplying. "an over in- tramaricotah / probléma back and superimpéséd on the by the Aircraft

naj craft on its debut into, service, considerable ster radar diplay scalp.

forum

ba:

It," fejl, there) was con got over

quirement much" sóonaÉSZE The idea was that this would In the case of

of the still-secret 2. Inilendi, Kit_mapD moving target. Indication British fighter which is being some of the Fatec | aire Forstually operated naRALK

? by umuperimposing the pullt to my faster thart, Bosind, in t dlofyllion (the present, level night, the new proceddike |żał with a row, secundaskimo Log, nej means that da: well as the usual! NOLAMINERS

lowing rates?

New York, Mar. 14 Raw cotton exports by deg» tination as reporíad in Vales by the New York Cotion Exclunge

B were as follows 32 131 1,100 250 Contifiant:

: London, Mar; -14, The Bank of England state-

10, renda as following Note to circulation 297 Fubila: depostte vir Private deposita » Goverment securities

·Britain Orient