1954-04-15 — Page 9

Twins For Bandleader's Wife

THE CHINA MAIL, THURSDAY, APRIL 15, 1954,

Mrs Cyril Stapleton, wife of the BBC bandleader; recently gave birth to twin boys in St. Mary's, Paddington, who now foln thoir first daughter, Carole (2). This picture from the Carole admiring the twins, who havo been christened Gary (left) and hospital shown

Jonathan, Central Ircas.

Tito's Recipe For Long Life: Don't Worry And Keep Physically Fit

Belgrade, Apr. 14.

Keep physically fit and do not worry about life's problems --that is Marshal Tito's recipe for reaching a ripe old age.

He gave it when asked informally by a group of Western journalists this spring what measures he intended to take to ensure a long life.

Marshal Josip Broz Tito, Yugoslavia's 61-year-old President, keeps fit by shooting. He usually manages to disappear quietly for at least two days each month to indulge his taste for this sport at some hunting lodge, while foreign diplomats in Belgrade speculate on whether he is ill or holding a secret political conference.

rakija go well together in the

This winter, while the vire-Minister of Foreign Affairs,

in mountains of Slovenia, he shot who was formerly Yugoslavia's snow, two flex, walch are very rare delerate to the United Nations. in Yugoslavia. He said proudly he had also bagged an excep- tionally large wild boar, about 4 feet 6 inches in length und 10 low in weight.

Other ingredients of his keep his greying hair. He scoffed at

оп

་

A

to

Not all the Yugoslav leader As a result of keeping t are so keen on shooting. Dr Marshal Tho, though (10 will

Joza Vlifan, + Trieste lawyer be 62 in May, has

who a healthy,

Secretary

the ull-the-year-round tan under Presidency and normally Marshal Tito's inseparable alde, profers to stay in Belgrade possible.

Marshal Tito

himself tells with a twinkle in his steel-grey eyes, the story of what happen- cd when ho took Mr Mosa Pljade out shooting this season, Mr Pjado, President of tho Yugosicy Parliament, Yü

is wizened little man with strong spectacles

whose pastime painting in oila

he had

heart attack last Autumn, adding: "At my last medical check-up the doctors found that I had a botter heart than

they had."

1 polly are: eat little, drink cone Western press reports that Htle, except for Turkish coffee,

10

Jerks" do "physical geng up in the morning.

During the Inst two years, he bus cut down his smoking Trom 60 to 20 cigarettes day.

Tins cigarette limit may be dis- exccrued during a lon

takes cussion, when after the other of his favourite Yugoslav brand from a large crocodile cigarette case, sent as a present from the Valted Staley by Mr Ales Bebler, the

One of the rare occasions on which Marshal Tito enjoys a drop of alcohol is when he goes out early on a winter morning with a fask of "rakija" (plum brandy) in his pocket, to shoot wild boar,

Then ho culs off strips of bacon and cooks them over an open fire. Bacon and

They Seek Independence For Colonies

Wilberforce

Reincarnated

(In Mr Fenner Brockway)

London, Apr. 14.

A new organisation which wants to fix dates for the full independence of all colonial peoples was founded in London yesterday,

The Organisation, "the movement for colonial freedom," is the result of an amalgamation of three other organisations-the British Centre of the Congress of Peoples Against Imperialism, the Council for the Defence of Seretse Khama and the Protectorates (of Southern Africa), and the British Guiana Association.

a

It was early one cold morning, and Mr Pijade fell asleep in his butt. A door sauntered past In of but Mr Pijade

learned

TRADE

COMMERCE SECTION

Britain's Move Sir Winston's

To Clear

Debt To E.P.U.

By. Sydney Campoll, Router's Financial Editor

London, Apr. 14.

As part of a "package deal”, Britain is pre- pared to make a lump payment of £30 million of

Herd Wins

Bir Winston Churchill, dairy farmer of Chartwell Farm, Wester- ham, has won flest place in the National Milk Records competitions with his herdd of Jersey cattle, for Kent

There are 10 animals Erz tho herd; they mayb aR average yield of 975 gallons of milk-94 more shasa their nearest

rivals-with

AU AVOTREO fat content of 5.10 per cent.

British Businessmen

Criticise Check On

Expenses

Executives'

London.

Resentment is being created among many British businessmen at what they regard as the unnecessary strictness now often shown by the income-tax authorities over expense allowances to

her debt to the European Payments Union. She HONGKONG directors and other senior employees. All claims

is also prepared to negotiate with the creditor countries to pay off the remaining £164 million of her debt over a period of years.

Germany, as the principal creditor country,

STOCK

would get most benefit from these British pay- EXCHANGE

ments.

As the other part of the package, Britain wants the creditor countries, particularly Germany, to nocept responsibility for not allowing their surpluses to be. come a strain on the Union în future.

on

representative to the EEC dis- cussions

the question continuing the Europeon ments Union.

any

(From Our Correspondent)

Business on the Stock Ex- change this morning amounted These British proposals were to carry the burdens of con- and the morning's dealings:-

to $1,024,842.20. Noon quotations made in Paris by the British vertibility.

The creditor

countries DEBUARES BUYERS SELLERS GALES or dollar payment| BANDS of want gold Pay-for a Ärger proportion of"

surpluses that they may earn in In a nutshell, Britain is oiler-future. Britain resists this, on ing to make a contribullon to-

INSURANCES the ground that the surpluses wards clearing up the present ought not to be allowed to big outstanding debils credits if the creditor countries As to the terms of selling the will ensure that such excesser debt remaining after Britain's will not be repeated in future. lump sum payment,

il 18 rew Britain

than

and occur.

would want more called that Germany had

verbal acceptaner | post-war debt to the British of responsibility by Germany Government of about the same und the other

fize rather over £200 million. Germany continued to have

creditors.

Britain accepted settlement of

huge current surplus at some this by writing off more than a quarter of it completely, bring- hud quarter sbe vertaken that she would noting it down to £150 million

date

when

have one, then Germany her which is to be paid over H reif would have to take the period of 20 years without in- burden of it, for exmaple by terest.

retralning from laking part

女

DISPROPORTIONATE

That comes to Germany pay- ing Britain £7,500,000 a year, while en

of it in gold or payment

or dollari. The two big debtor countries in the Union are Britain and France. The big crediturs are

a British debt of Germany, Belgium, the Nether

about the same size Germany Is lands and Switzerland,

ta nsking Britain

£ 08 pay At

the present

creditor million countries want

a year. the British

The British and French

representatives debts to

be will argue that this is dispro- paid

gold oft in

or dollars portiouate. ever three years. As the total British debt to

difficult for It will be very the unlon 15 £194 million, this would cost Germany to undertake not to

surpluses in future.

surpluses arise not any's merely from such things as her export subsidies and her tariffs. In the main they are due to her Internal her

run

IL

Britain about £65 million year in gold or dollars for each of the next three years. crushing burden.

If

HELP BRITAIN

tho

were

cver

Ger-

policies, particularly high internal money rates. unlon

Britain's line is that if Ger- wound up, the creditor coun- | many cannot reduce her suir- to pay pluses, she must carry the rap ment in dollars over three years. for them

herself instead of

trip would be entitle

As another part of the package leaving Britain and France to deal, Britain wants to negolinte | hold the baby. with them more tolerable ar- The Finance Ministers of the rangements for clearing up any countries concerned are due to debts that may be outstanding meet in Paris on May 5. It at that time.

will not be easy to get things Such an arrangement, it is | straightened out by that time.-- pointed out, would help Britain Reuter.

only woke up and cared about German Exports Higher

it when the

off

deer moved and gun further down the line blazed away.

The Marshal's trophies are stored in a shed in the grounds of his villa in one of the rest- denial suburbs of Belgrade.

The Yugoslav Government

ensures that not only dla own leaders but also foreign diplomats

matie

have shooting facilities. A diplo

shoot le organised at Klenak in wooded country west

of Belgrade, where pheasants, hares, foxes, and a few wild cats and woodcock are to be found.

Some members of the diplo- malle corpe here have the re- outation of being excellent shote, among them the French Am- bassador, M. Philippe Baudet, the Turkish Ambassador, M. Agah Akrol. the Belgian Minis- tor, M. Georges Delevigne, and the Swedish Minister, M. Ole

Jodnhl,

Marshal Tito believes in the oying that a change is as good the as a rest. As President, he has

of

critics at

the several residences at his din

mero

HK Bank East Asia

1540 170

50 1050

Union

.....903 DOCKS, ETC. K. Whast Dock Provident (0) 12.70

RO 805

70

71 18.30

1,00

S'hat Dock Wheelock

LAND, ETC. HK Hotel 11K Land S'hal Land tturapatsr Healty

13 1800 / 12.80 1000 на 12.130

500 4 12,56

7.B 7.83 11000 g 7.30 1500 GA 700

8.00 1.00

7500 40

3000 w

7.80

3000 14 7.115 7.00 9000 1.09 2000 4 10 2000 @ 1.88

7.69

3000 § 7,80

01 180 01 1.70

18.20 16.70 410 # 18%

......27.20

UTILITIES

Tram

Star Tr

2 2.00 5000 14 2

10000 2.02

1000 wasals 140002.0215

C. Light (0) 18.30 185

200

are now being subjected to the most minute scrutiny.

Already many previously agreed allowances have been withdrawn. Businessmen whose annual salary and exponses exceed £2,000 a year are finding the new super- vision especially exacting.

The Intensity of the Inland present inquiry into expense Revenue's drive is illustrated by allowances was that when the a recent decision that premium relevant Act was first passed prld by firma for £2,000-8-in 1048 it was only possible yenr employees in "privato to improvise grrangements all patient" Irurance schemes over the country, will now be subject to tax.

Local

inspectors were only Under these schertea em now finding time to review ployees

bo

apeured

of these early arrangements. They medles and hospital treatment were being reduced when they

can

ne private patients. Individual did not seem to be justified. premiums may be no low

or JEZ

One feature of the increased scrutiny is that senior

execu tives who travel abroad must

now deduct from their Lax claims amounts equal to thele ordinary living expenses At home.

CONCESSIONS CANCELLED

NEW-YORK

STOCK MARKET

A managin director said last week: "In the past it was only necessary to put in general claim la respect of 1 Industrial shares were busimas trip abroad, Now we

Д

New York, Apr. 14.

have been given to understand the feature on the New that we must make a sultable York Stock Market again deduction for what we would today,

have spent if we had not gone.

The secretary

Large of a

to

A reduction in the rediscount

London company said he had rate by the Federal Reserve Bank. Just received a letter from the at Chicago from 1% per cent to 11⁄2 per cent, with others expected cancelling Jocal tax inspector

follow suit, i concessiona previously agreed

gave added impetus to the rise which has for directorS..

carried industrials to the highest years. levels for 25

Industrials, which had moved

in the narrowly

past two sessions as trädern paused for

rose consolidation,

$2.78 average today their best gain since February 20, lifting the average to its highest point since October

1928. 22,

It also called for full details of all allowanets and benefits in kind made by the company.

A Londan 720 @ 18.48

lax consultant sala ho was trying to obtain 1000 si 10.40 | cognition of a claim for £100 1000 & 10,40

company 300

10.40 41 10.40 15.40 W 18,50

16.30 expenses paid to a 16.40 director whose salary W19

about £7,000.

"It obvious that a man in that position musi incur folkly HP 18.50 substantial expenses, but the tax people are checking every penny of it," he said.

12:00 g 13.40 13.30 200 @ 13.40

C....light (N) 13,40

Electrio

30% 3115

3114

800

"I think most people under stand, for example, that businessman

Revenue

on

Trading expanded Bharply late in the day as prices moved higher. Today's turnover of 2,330,000 shares compared with 2,020,000 yesterday,

320 sight of the necessity," he said. Jersey Standard.

DELAYS IN PAYMENT

Telephone

.. 20.10 28.40

INDUSTRIALË

Cement

17.00 300 @ 17.70

Hope

14.00

STORES, ETC.

Dairy XD 25.70 25,00 1000 23.00

0.25,00

25.00

Watson

17.00

L. Crawford 25.80

600 @ 20

Yanglaze Yaumati

0.45 0.00

141. 143 000 ₪ 141

West Germany's rising trade, says the British industrial might have now Treasury's latest issue of MISCELLANEOUS put her above Britain in "Bulletin for Industry.' two vital spheres of world 1-Among the 18 nations of the

$1

Organisation of European Co-operation - aft

Economic

West+

100 & 141

Europe, Greece and New York Sugar Singapore Rubber Turkey-German exports have

Market

Tho

past Britain's in spite of a riso in the British shore.

places like South America, Egypt, and parta

New York, Apr. 14. day closed 1 point lower to

World No. 4 sugar futures to point higher with sales of 245 contraris,

Domestic No. 1 sugar futures

130, contracta.

Market

Singapore, Apr. 14.

of the world outside the Dollar advanced market

On and Sterling areas, German ex- short covering, some irade and

ports are ahead of Britain's and small

factory inquiry with sellers reserved. The market are still going up while ours silp

back. closed quiet, just below the best

Even in the dollar area, where closed unchanged with sales of lovel of the day, Prices!

the British share of imide La

Future closings were: No. 1 rubber per 13. Apr. 1914

West Cor- May Day-50 still ahead of the

Contract No. 4 (world) June 59-59mont, they are putting up Ne. 2 rubber per Jh. Apr. 50-erce chase, And in

tho July No. 3

Sept. No. 4

853-561% sterling area-Including our Oct. Spot rubber unhaled

5434-59

Commonwealth while | Jan. own Blanket creDO No 1 crop pale

031-0936 British exports are rising again May United Press. after a fall West Germany's are July NEW YORK MARKET

going ahead quicker. New York, Apr. 14. Rubber futures today closed 32 to 40 points higher with sales of 110 contracts.

H

*

55-66

DWINDLING SHARE

May

the best advance groups and individual

Regis Paper, US Steel, may sometimes Sunray Oil, Standard Oil (N. And it necessary to entertain a J.) were the most active stocks, prospective client. The inland with fractional, gains In the to be losing first three, a Ecom

rise of 11⁄2 ini

Oils

were among performers in the The prospect of delays in which took in all paying allowances for approved lifted

ted prices for expenses is also causing some thares more than concern,' Such delay may

many, instances, prove inevitable with the in crossed amount of inspection.

An Inland Revenue official sald that the reason for the

3. points

Aircraft were strong. Out of 1,183 ang traded, 353 were lower and 642 higher with 138 touching new highs.

The NY Block Exchange bond volume was $3,050,000, and the American Stock Exchange Dow Jones closing averages were:

New York Cotton volume was 670,000 shares.

Market

New York, Apr. 14. Cotton traders, aware of the imponding. long week-end Easter holiday, moved over to the sidelines today pending a view of the стор clearer picture.

Meantime, prices see-sawod narrowly on routine dealings between commission

houses, local professionals, mill accounts and shippers, but maintained

3406

540

overlane of

327

throughout.

4.37

standinose

30 industrials

20 Falls, Ver

15 utilities

65 stocks

40 bonds

311.75

103.11

80.70

101.01

United Press. U.S. COMMODITY INDICES

New York, Apr, 14. Dow Jones Commodity future

price index).............. 179.70 Duw-Jones Commodity spot

price index: " Moody's

price indexi

*********... 189.08

commodities,

United Press.

431.0

LONDON METAL

PRICES

London, Apr. 14.

Finishing on a rally the list The tin farket was stondy closed up 3 to 10 polņta, Open~| while lead

was quiet. Prices

ing prices were unchanged to obsed today in sterling per long up 7 points. New Orleans closed ton as follows: up 3 to 10 points.

Tinapp

169is buyers 2571% sellats

3-month 12 7413-

The October, 1955, delivery Copper spot - 2430 made a appearance

Bpob-(cents per lb. fob Cuba)

Open interest: 5015 contraata.

Contract No. 6

This

charts in the

Waasury's month-

is given by ten

May

5.70

July

6.75t

Jy

"Bulletin for Industry."

Sept.

8.76

Nov.

9.700

July

#.70

a

cents, far

July

Higher primary markets and commission house buying orders on balance shaped the terminal

Open Bitterwet; market trend.

Pisos, intil they are almost undled Press. In the spot raatket, a small abreast of Britain's in theso routine demand from factories trades. and dealers, was apparent, Re- British car online abroad are ports sales included No. 1 shoots still more than twice Germany's, at 21% conts: No. Res pot But British have remained sull were quoted at zi

since 1951-theirs have, almost pound. Prices:

doubled,

Britain's share of machineTY, RAF, electrical and chemical, exporta Spal (cents per in. la dwindling, while Germany'

More than 300 delegates from Mr Brockway, one Labour Party, trade union, co most active operative, peace and religious | British Government's colonial Including ones at Briani organisations

de-polley, appinuried

said it was originally in Istria, at Bled in Slovenia, mands for a dramatic and decided to form the organisaat

Ilok

In Slavonia, nt dratio change of colonial tion ito stop competition Zagreb in Croatia and at Split polloy a psychological revolu- between similar bodles for in Dalmatia. tion."

financial aid,

Best of all he likos Brion!, The phrases were used in a

Now

His clear that "this which, before the war, used to it is polloy statement moved by new organisation will not arles be a smart Italian resort where Mias Jennie Lee, MP wife of out

of

organisation polo was played. There, he can Mr Anturia Bevan, the Labour necessity: It will arise from a swim, go out in a motor boat, or Party's left-wing leader.

great inspirational force."

The in baths which always have The statement said Britain The movement for colonial naturally warm water.

now create in Africa, freedom calls for an end to the There also, in the quiet of this Malaya and the Caribbean the lighting in Indo-China as well private island, It casior to same, psychological revolution as in Kenya and Malaya

and live up to the second part of his was bought about in India, the Immediate holding or a Bis recipe for a long lie and not to

My July Burma Paltistan and

worry about Be's daily prob- sent. they were given their freedom. hydrogen bomb.

lems.

Mar. In the diplomacy of the

Marshal Tito has had plenty 1869. hydrogen idmb,

Is to resist the renewed to about in his everitful all the caster and gentler ways in which we claim of Dr Daniel Malan for fe imprisonment before hoped to make a more civilised the Incorporation of the three war, tour years of liber, aghting

high commission territories

must

when

Fiva

conference

on

world are being thrust into the union of South Africa. the background Miss Les

It will also have among

objects the termination

The

in

the

Mr Fenner Brockway, British military domination. In The dispute with the Comin

member of

Parliament,

was ofteted unopposed On the

In the mountains "agshat the Germans and Tallans and the break with the Cominform in of $1948. territories and form left its mirk on his health told the inaugural meet, will support the extension of and in April 1951, be underwent ing: This country is now ready economie ald," and techtilen! an operation for: 'n "all blackkkr for a great united offort upon | assistanen to under-developed compialet,

Chairman of the new organlar.

tion,

the colonial issue.

OVERBOAR

territories and the invernal On the other Hand.-- MAZENAL

In my view it will be as application

Important", in our time as the

of the, declaration cito said that the human rights and the 15-the part%

cruande, agak laway made abol(tons of the colour bare slova Djila n by Wilberforce in kis time," China Mall Special, vista

cente

21.as

સમ 1957

British stool

exports have rison, Germany's fallen slightly.

$2.00

United Pro LONDON MARKET

London, Apr. 14 The rubber market was dull with No. 1 Bas: spot quoted af 17% pence per 18. Pricest

· Ho@1 "Mam upot Bettlement hatine,

CHICAGO GRAIN. PRICES

on the Lead Apr.

board today for the first time.

After an Initial trade at 33. Zino Apr.

forward delivery

dropped to 83.85 cents, then levelled off at around 125 points under the current Detober des livery.

11

United Press. NEW YORK' PUTÜRESİ NAG ~New York, Apr. 14.

·Prices of metal futures today' alceed in US conta per ib: as follower

Coppe

1

Trading volumes and open Interests in the Exchan (DO tow day <were?

· Lauch. Abrit

Month

Volume

Kina

May

25,700

Closing Prices

July

Ool.

201200 14,000-

3,300

114,900

bales

United - Prem.

Chicago, Apr. 14. Prices per bushel In cents: But there 1 only ono Beltlin | Whest, No. 3. red trade that can afford to emila--| spot- cycles. British exports of cycles, four times that of the Germans, have risen steadily, while German exports falten:

Exchange . Ratès

3 yellow

NEW YORK PRICES:

New York,

13430)

London Foreign Exchange