Inside Of
New Helicopter
T
THE CHINA “MAIL,” MONDAY, MARCH 29, 1954.
This is a cutaway model of the Bristol_twin-engined, twin-rotor "Kotorcoach" helicop- ter with stub wings which Increase its speed. The full-sized helicopter which flew at last year's Farnborough Al: Show created a good Impression by Besteadiness, speed and hovering characteristic These helicopters have already been introduced by British European Airways for Inter-olly experimental flights in Britain. The Royal Navy has also ordered this helicopter (otherwise known as the Bristol 173) for Bervice duty (See "Round-up" below).
Latest Round-Up of Aviation News From Britain:
New Navigational Aid For Pilots:
A Map With A Memory
This week's "Round-up" brings you news of an interesting development by Decca of Hritaln of a new navigational aid for pilots, It is a rallo-controlled map with a memory! Another Interesting item tells you of the experiments going on to produce non-inflammable hydraulic fluids which, scientista holleve, will help reduce the risk of fire in aircraft. This news, together with other short items about the British aviation world, comes to Hongkong weekly direct from the London headquarters of the Society of British Aircraft Constructors.
British designers lave de yelped a new navigational and for pilots radio-controlled; mup with a memory,
As long as the pllut is flying over the area covered by his map, his position is drawn in by
moving pen; when he
pilot enn easily see the details of the arens where h: is taking off and landing. The centre sec- Hon cf the map covers the orga between terminals and here the reale is much reduced.
The
pen
Americans
TRADE and
•Page 9
COMMERCE SECTION
Iranian Rice
Moving Closer Japan To Buy
Towards
A Free Pound
From Our Correspondent
London, Mar. 29.
A closer scrutiny of the two measures announced last week for the widening of the scope of sterling in the settlement of international transactions fully confirms the first favourable impression.
Plainly, neither the extension of the "trans- ferable account system" to practically the whole of the non-sterling non-dollar world, nor the re- opening of the London gold market makes the pound one whit more convertible into dollars.
But by reducing the "varieties" of sterling to only three and affording an opportunity for foreigners to buy gold in London with sterling acquired against dollars, British authorities have achieved their aim of improving both the position of London as an international finance centre and the status of sterling as an international currency.
re-
The new moves are in fact a market in which the value of logicni step 1owards The
sterling in terms of gold can be steration of a completely free measured day by day within a pound and clear proof of the range of prices that British Government's deter-directly limited." mination to roach that objective
as soon as possible.
residents In the dollar area
arc
no!
Meanwhile it 16 hoped a substantial proportion of newly mined gold from the Common- wealth will find its way to the London market.
The
Teheran, Diac. 28.
Japanese govern- ment will buy 60,000 tens of Iranian rice at $162 per fon, Tatsuo Hirose, the Japanese charge d'affaires in Teheran, announced to- day.
The Japanese minister to Irat today visited the Iranian Minister
of National Economy to put the finishing touches • on negotiations which have been going on sincs tast natum. Arg
the
Next Saturday Dr Jat moke of the Japanese Agricultars Miniatzy will sign the contract with Iran. Originally the ''Iranian rovernment proposed well- ing to Japan 30,980 tons at $160 Der Lon.-France- Presse.
NEW YORK
STOCK MARKET
New York, Mar. 28. Stocks began and ended the past week on a rise with a sharp setback sandwiched in between.
London Stock Exchange
I.C.I.
Issue Ten Times Oversubscribed
From Our Correspondent
London, Mar. 29. It will be a long time before the London Stock Exchange forgets the Imperial Chemical Industries' Issue.
The £30 million loan of 4 per cent unsecured stock offered to the company's 250,000 preference and ordinary stockholders was oversubscribed about ten times.. Ten per cent of the amounts applied for was payable on application which means that money put up in cash on the first day must have amounted to £30 million.
Even if allowance is made for, company's group net profits rose the applications from "stags" from £3,029,520 In
1932 to looking for a quick profit when
last year. £5,131,327
It recom- dealings begin the Issue wits mended a 12 per cent dividend overwhelmingly successful. But on increased
this is no more than was ex-absorbs £1,287,800. Last year's pected. New stock has obvious dividend
capital which
took
£708,700, per cent an
attractions and an opening equivalent to 7 premium of 22 Was being new enpital. results became known. spoken of even before the
the
an
the
Before this news reached the Another successful loan flota-market, Fords had been active tlon was the Celyon Govern-in anticipation of the results mont's issue of £5 million of 4 rising from 45 to 46 and then The Monday rise carried In-
per cent 1973-75 stock at £97. closing ninepence down ast dustrials to à now
This
was too2 The three kinds of sterling
obvious high eince "winner."
ous balance at 44/3. But the next But ita success was that emerge
Oct. 23, 1920 and utilities rose doubly certain whom the gilt-ince risen further to 50/3 a net was day they spurted 3/9 and have from last week's
to their best levels since Sept. re-organisation are (1) sterling
exiged market, helped by the gain of U/- since the announce.. held by residents of the sterling
2, 1031.
beller that the 1.C.. issue had ment. Other moter shares also arca which may be used only The South
Then came a sharp drop on been oversubscribed began to improved, in sympathy. for settling transactions within ment has already
African Govern- Tuesday, another on Wednesday rise on Thursday-the day that
decided to and u The aria; (2) sterling held by discontinue
smaller tire arrangement day.
one on Thurs-
Ceylon subscription lists Sh other rections of the whereby South African mines when the industrial average ap-
The market met support were open.
market, Tobaccos come back which is fully convertible into were allowed to sell part of
The success of these two issues into favour and Gallaher put on any other
currency and (3) their output on the free market.
proached the 205 level.
a Ittle life Into
1/3 to 28/8 en a higher dividend. sterling held by anyone in the In future
Brokers said the market be- gilt-edged market, but by the the South
Otherwise African
movements were rest of the world-with the Reserve Bank wili buy
haved the
end of the week, prices were generally erratic and no firm temporary exception of Turkey, entire output
trend amerged, beginning to ste again
though at the Hungary and Persiu. acroplanes, will go
"substantial
of the most interesting end of the week textiles and London."
things about the IC.I. operation stores were finding buyers, is that it proves there is still a In the foreign bond market, Many highly favourable, re- great deal of money looking for German Issues have been surging ports appeared for industrial first-rate Investment.
ahead. Potash "75" have put companies last week, General
In some circumstances,
7% points to £08% and Motors reported stocks of its Financial Times comments, this Dawes five per cent
better than anticipated, might be a sign of inflation, but eight points to £90. Westinghouse Eleetde reported this is not the case now. Rather a15 per cent sales clso, in ap the money comes from genuing pliances. Texas were cut in savings, measures that appear such to Fa59.
are
by fur the greatest
truvellers, air
But Britain's two national airlines, world pioneers of the Jet and "Jet-prop"
further ahead technically this which year,
automatic dies plots the plane's position during uff the map, the pen stops, but flight switches over scales auto- the memory goes un working. નનનન and when the plane flies back nowy when again
into the area covered by
the map, the pen sports again at the correct position.
SO
cast
weighs
pounds.
::
The 'brain' of the system is
receiver airbome
ay
This may
now be used for settling capital
well current transactions among any countries
enjoying rights in transferablity
and between countries and the
sterling But this kind of sterling cannot be used to settle transac- tions with the dollar area-for the obvious reason that if t could then convertiblity would 'be an accomplished fact.
and
th: pilot h:6 One of the ways in which efear of the take-ci arcu scientists have been trying to and switches back again at the reduce the risk of fre in air- terminus.
craft is in the development of This development ÍA, of non inflammable hydraulle course, particularly applicable to fluids,
those
aircraft
Arc
Soviet Airline
area.
in fact
is required
anywhere lar
along
The simplification of regula- Huns
governing the
of i1s0 sterling in international transac tions has been welcomed for a number of reasons,
This device is u new feature
Modern of the latest Decco Flight Log, hellcopters because they will be
lined the lightweight Type 352. taking off and landing in heavily with Complex 'arteries' of
The complete equipment con-built-up areas.
hydraulic fluid whleli operate
the aircraft sists of a flight map case about || The Deces Navigator system, many of
systems. the size of a telephone directory has been fitted to a number of the undercarriage, controls and but not quite
tel. The aircraft, and is on order for accessories, itself
20 British European Airways' neet, where energy under
moving parts. This fluid
is pumped Jines all over the aircraft pipeli at great pressures, 3,000 pounds | per square inch or more.
The mineral Quids in stand- ard use will not cause
u Are unless there is a serious leak in the system. When there is such however, a leak or breakage, the risk is
considerable, be- enuse the hydraulic pipelines of necessity
hot near the paris of the aircraft and engines.
which weighs about 80 pounds, but a special lightweight version weighing only 20 pounda is being developed
and helicopters.
for
Oghter:
This receiver In the aircraft picks up radio signal from the chain of Dicen Bathr stations
on
the ground (the same chain. system is used by ships at sea), und so locates the position
לו
them.
the alrernft relative to The Deeen chain alrendy covers most of Europe.
Used in France
The new memory device in- corporated in the latest Flight Log is mechanical, not vicctrical, and
fully automatic-the pilot does not have to touch it.
As soon as the pen which is tracing the aircraft's track runs off the edge of the map, any- where, stores up the move- ments It ought to be minking and begins to make them again as soon as it car-in other words, when the plane fles back to the area covered by the map.
To Fly To West Europe?
Is
London.
TS Russia planning airline
links with the West? This question 19 being asked among air transport officials following the visit Marshal Zhavoronkov different European
of
to
capitals,
He is head
of Russia's
State controlled airline Acroflot.
Russia has no direct air routes to any city outside the Iron Curtain. Nor has any Western country 4 direct nir link with
Moscow.
Air routes are normally
run
For some time scientists both in America and Great Britain have been working on types of hydraulle Auld which virtually will not burn if there should be n leakage.
Tests have been conducted in of fluid is shot which a jet from a gun and scientists try to fight with nn oxo-acety lone torch,
A standard
stantly
fluid will in- turn into a sheet
of
kome
fulds
if given this treatment, non inflammable
but If
have
negotiated bi-laterally. the Soviet Union wished to operate o direct Moscow. London Barvice, they would have
to allow Bri- tain the right to fly the same route,
The memory goes on working for as long as the aircraft stays within Decea coverage, and will stay set for any length of time, including the time when the aircraft has landed at airfeld and the set is switched by all three
S
propriate netion.
The
inkes
дл
been
ap-
first
has out in
A
stated
new Flight Log
The map work,
already been tried
flight over France. covered the route across the
been developed which
either will not catch 'fire or, if they do begin to burn, will ex- tinguish themselves at once.
Two Main Types
and
portion
resoll of it
д
HONGKONG STOCK EXCHANGE
(From Our Correspondent)
Business on the Stock Ex- change today amounted
to $339.834.60. Noon quotations and the morning's dealings:-
in the first place it recognised a state of affairs that already existed. For as "The Economist" points out this week: "conditions ARES DUYERS SELLERS SALES imposed upon transferable ac- BANKS count countries and restraint of bi-lateralism on others tended to be honoured in breach rather than observance,”
"57 VARIETIES”
HK Bank 1090 1700 Ext Asia ...170
10 1700 1
INSURANCES
Untort.... Underwriters
1.20
805
Lombard ... $100!
Secondly by eliminating most SIPPING
for
Asia Nav... 1.38 DOCKS, ETC.
of the "57 varieties of sterling" it cut much official red tape and made life generally easier Importers and exporters as well as Tor banks who had the thankless task of interpreting regulations for their customers.
very well. It was active on the decline
for a time but the trading steadily dried and the Hat displayed steadier tona,
Cars
February
up
Q
the on
NOTICE
are
up
The following advertisement
"If the Chancellor is proposing to take some risk in the budget dividend payments for the sake of stimulating the were reported 35 per cent above rate of industrial investment, has appeared in United Kingdom the level of a year ago. Com-the I.C.I. figures should provide papers:-- inodities advanced with thehim with encouragement." Dow-Jones Index
FORD'S PROFIT In the Industrial prices setting a two-year high.
market. In- farm
incomes rose terest has been centred mainly February above last year's.
that have been the The bad news centred on the subject of dividend declarations,
Fords railroad companies which
stood out hend
80
of
the
future
on shares
And The
MINISTRY OF TRANSPORT AND CIVIL AVIATION
SHIP FOR SALE
Singapore Rubber lying t Hong Kong after
Market
1. The Ministry of Transport and Civil Aviation invites offers for the purchase from him of the undermentioned, ship as removal of cortain Naval equip mont and stores. If purchased for scrap, certain other equip- ment will not be included. In the sale and will be removed baforo delivery to purchaser.
ported lower income for Febru-shoulders above the rest. ary. Pennsylvania Railroad directors took no action on their dividend
due at this time. Market men said they were convinced a dividend would be forthcoming later that the its could
maintain record of continuous dividend
payment.
Singapore, Mar. 28. Railroads were
poorest
America scerned to be the on performers the market and
chief supporter of the Singapore 2. Offers for this ship will were the best from an rubber market during the utilities
past be considered from any person average standpoint.
Europe remained and should be made in writing K, Wharf XD
For sheer resiliency the indus-week while Dock XD
18.76 100 18 trials took
somewhat on the sidelines said to the Secretary, Ministry of They place, Top S'hat Dock.1.39
a leading rubber broker here. Transport and Civil Aviation, touched 301.80 at the close on Wheelock 6.10 8.15 2000 er 4.15
Lewis and Peat Singapore Room 4017, Berkeley Square 600 8.15 Monday. By
close
Limited in its weekly report House, London, W.1. Envelopes Thursday they were down- 5.20
said that trade should be clearly marked "offer. points from the high at 296.40. Issued today
been
reasonably to purchase"; and should reach They closed on Friday at 289.08, support has up 2.08
good but cautious. on the 2.08 points
day and
the Ministry on or before 18th It said reaction and selling April, 1934, off 2.36 points on the week.
nervous Utlilties closed at, 55.95, off 40|b3|
holders in tho off 2.81 market last week were more in finished cents. Rails points at 99.47 which was only evidence and quite upredictable 11 cents abovo the low set at fluctuations had taken place. the close on Thursday-United 20.00 Press.
But most Important, the do-
official cision Indicated
con- fidence in the strength of ster-LAND, ETC. ling. On the foreign exchange market the pound has long been quoted above the oficial rate against the dollar, and abroad, the discount on transferable sterling has been narrowed to such an extent that it no longer | UTILITIES warrants the epithet "cheap starling".
This confidence was not mis- placed. The rate for transferable sterling weskened only slightly from US$2,78-1/16 to $2.77 when the news was announced and then recovered to $2.7736.
The same confidence in the strength of sterling is evident in the decision, to re- open the London market after a lapse of almost fifteen Indeed this move may be the Arst tentative step towards the introduction of more flexible exchange rate in the foreign exchange, market.
Two main types of non-
hove inflammable 'Buid
been Helicopters are being adopted [developed,
British Services; One is an ester-based
com- which the Royal Navy,
is now used in has pound which using helicopters for certain American transport air- As soon as the plane takes off some time, has now formed its craft. The second general type again, the memory
anti-submarine squadron, are the water-based. Aulds. the Royal Air Force is using
long-term One water-based oil of this them for search and
been exten- rescue type has already and the Army has sively tested by the United that de is its intention States Navy and most of their are designed to channel from the Croydon to introduce helicopters to the new; aircraft
maximum extent."
use it. It was supplied to, come. Instead of stop- Le Touquet
of bat aircraft in Korea and Although so far the use ping at Le Touquet, however,
to be non-inflammable the aircraft went on to Paris, helicopters by the British Ser-proved
vices has not been extensive, when the aircraft were shot-up and as soon as the pen went off the map, the memory took these are significant stops for or damaged.
Extensive tasta ward.
are also in with this and other An important order for Bri-progress The return trip was not, made until Ave days later, but the stol 173 helicopters has been fluids in British aircraft They
for certain. placed placed by the Royal Navy. are being specified memory automatically
These will be the first twin-now milliary types, and new the pen exactly where it ought
be to begin the tracing of the engined helicopters to go into turbine-powered airliners.
operation, with the Services.
over.
to
return jourlight Lag has also
The new
There are however consider able, problems. still to be 'over." come beford,' all alreraft. are "Summer" for the world's universally using these new hagen, and will later be shown airlines will inst a month long-
Aulds. For instance some And It promises water-bared/ fluids are, not
good lubricants as the, mineral·
been demonstrated at Copen-
at
other European airfelds er this
covered by the Decca chain of to be fine. And it
stations,
New Version
ever,
years.
00
2000 8.35
HK Hotel
HK Lond
}-
9.30 9.20 1000 i 9.15 500 or 9.10 41-
S'hai Land 1.30
Humphrey . 18.50 10.90 Realty... 2.10
Tram. XD .. 28.00 26.00 200.
500
200
I
28.00
+
150
Star Ferry - C. Light (0) 10.70 10.00 3,000
°C. Light (N) 13.70 13,30 1000
2:00
500 500
500
3888 3888:
Electria ..... 314 311⁄2 – 200 Telephono 2020.20.40 100 & 20,40 100 i 20:40
INDUSTRIALS
24
29.40
16
Cement 17.00 18.20 300
The
Indonesia Faces Crisis In
п
Production during February-
.
Hospital
8. "MAINE" R.N. Ship of about 7816 G.R.T. 4205 NRT Length 429.3'. Breadth 52.2'. Built 1926 by Ansaldo, San Georgio. Engines by.
Sampierdarena.
a short month-was low at Ansaldo, 43,973 tons, a decrease of 6,087 tons and Malayan stocks stand- steam turbines D.R. geared to shafis. 4 watertube bollers ing at 116,505 tons were down and 2 single bollers. HP, 6500. by 3,754 tons,
Max. Seagoing speed 13 knots, Reports from London in- there con❤ dicated the markët
bhip is under the care of. some con-* iinued steady with
the Commodore-in-Charge, Hong:
Inspect should be. addressed. '
4. Further
and particulars coples of the form of purchase
Textile Industry timewal demand but support Kong, to whom applications to
Singapore, Mar. 28. Indonesia's textile industry is facing its biggest.
was mainly American.
Prices closed at the end of the week as follows:---
post-war Spot loose.
RMA I Tob April Bald crisis,
the Singapore RMA 2 fob April Standard Jakarta corresponden: RMA 3 fob April
No. 1 pale krepa fob 1000 21.30 in a dispatch today.
April
STORES, ETC.
Dairy ***** 27.80'. 21.4000
Watson
4.
400
20.10
160 € 20.30
Bank Of
553% cents reement can be obtained from the Ministry of Transport and Civil Aviation, Room 4013, ot the above address,} {Telephone No, Mayfair 9494. - Extension 2820).
About 2,000 mills employing Blanket creps to April 50% 110,000 werkers in West Java
United Press, 500 2300 are faced with, the threat of Imminent closure, the dispatch added.
Mill owners, according to the dispatch, have reported to the Clovernment that stocks of weaving yarns have ran out and complained that Jakarta
Crawford The price of gold on the London market cannot fall be- MISCELLANEOUS tow 247/- an ounce-a shilling Yangtze 4.00. ·4000 m. 4,00 2000 @ 6.80 below, the price at which
the
100000 Bank of England was previously
YaumaiL XI 133-135 100 prépared to "buy all it was offered because at that price It Allied Inv. 400 6.17% 2.000 4.07 becomes: profitable to ship gold to New York and sell it "to the United States Treasury for^$35}\\% ph ounce,
no
1,000 4071%
England
Statement
London, Mar, 28., The Bank of England. Plate-
porting firms have failed, to supply, the industry at Bandung, They charged that a handful of ment for the week ended Mar, US Raw Cotton Importers in the Indonesian Note in circulation
24, reads as follows-m
~DREW.
Exports
capital frava... monopolised the Import of weaving yarns and have sold their "third party
Fe supplies to a
sterling 1,508,7662
Public deposité... Private depozite Government securities Offer::securities
The mill owners
owners said this yarn Receipts By manipulation; was slowly forcing:: Bank ratió ·
GOLD FOR LONDON
The The airlines expect mortolls used at present, and BO
But in theory = there is, pumps which are determinable, ceiling price. In people to travel by nir--more standard
than the 1,000,000 a week compact and highly stressed, the present circumstances the
Hew York, Mar. 28,0 Another Ingenious feature of they carried in 1953,
tend to seize up when the new price is unlikely to rise above detunation as reported in bales
Colton
exports say: "Saturation nuid is used. This means con 2007 and bunce the mini by the New York Cotton the Flight Log now under dos velopment in a Contracted Beale polit is a long way off And siderable redesign at the
parity of gold, based on the version. This is designed to every year should see more air pump get as much as possible on to travel.
Another problem, la corrosion. In order
to meet the? Trent | Some water-based
one map, and was developed by
the designers particularly with demand for "burique, mate electrolytes in other · the helicopter In minds cent travel tho 70 airlines, who are they come.
** The map in this version is members of the International materialESWICK TO divided vertically into three; the Air Transport Association, ara potential, turiudōní scale in the two, and sections is putting on their "auromor". # This imedha Ahakidon a detalled one an Inch to the timetables from April 3 millard material have had double ille or even larger-go that the] October 31.)
discarded, and new ones) ANGE
sterling-dollar exchange rate change for the season of 1953-5 an the United States price of to March 24 were as followe gold, without allowing for transit; dimin
| Constient
But it la none the
authorium par fallow the azé=0}
16,030,80
*343,588,483
[10000.000 244 204
Munsted Press;
Not West Java milis. isunderstood the Weaving factoris Fansoled by the alleged Exchange Rates
cont 157dle outs hawed the
produce
8. The Minister will not accept responsibility for any errors or omissions in the particulars, and description | of the ship or for any information. which the person submitting on. |offer, may have, obtained from
any person whomsoever.
{d." The Minister does not birid himself to accept any offer for purchase - and his decisiónă: în any casetatik, be accepted d
naz
A, W. WOOD.
Birned by authority of; the. Minister of Transport and {Civil Aviation at: Berkeley Square House, London, Wäl,
độ this 3rd day of March, 19545 "In Hong Kong further partienė. fare and copies of tires farin of
„Business, waeïdone in! Use" local | purchase
market
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