1954-04-22 — Page 9

Oldest Photographer In The World?

THE CHINA MAIL, THURSDAY, APRIL 22, 1954.

aged

Thought to be the oldest working photographer in the world. Mr Tom Watson.

of the Institute of Di, u .ythe, hear Whitby. Yorkshire, was a delegate at the congress British holographers In Scarborough Yorkshire, where he is shown jaking a photographi Though science has ambited photographers greatly in the Just of some of the other delegates

25 years, Mr Watson silil uses to artifelal lighting whatsoever either in his studio or in his dark roon. Printing and enlarging are done by daylight obtained through a hole in the dark- room wall. Many of Mr Watson's pictures have been exhibited in Britain and on the Con-

ken.Deuterphoto.

Japan's Geisha Girls

Are Becoming Swamped In Red Tape

Osaka, Japan, Apr. 21.

Japan's leading Ceisha teacher, Yuzaburo Sakaguchi, is trying to restore the Geisha to her pre-war glory.

Sitting on the polished oaken floor of his Yamato-ya Geisha school in Osaka, Sakaguchi said that Geishas today have become part of a vast bureaucratic system. Twelve government forms have to be filled up before a Geisha can accept a customer, he explained unhappily, and what is more, the morals of today's Geishas are distinctly less rigid than they used to be.

As Sakaguchi talked, twenty young girls dressed in colourful traditional Geisha kimonos were practising the intricate motions of a

dance

Looking Stoomily.

how

212241

them at

+

cather, anul

Jakay untrained or "rulher takes

Ave

Near's

to

41

intro kt." tur tras Geisha

and all the schools Kiri

during

the wa were closed The Yamatory, one of the twu schools left In Japan, opened

wiltaks

{{%=

and, Japanese business cies and

pitied negotiatinR go on m Grisha Fertises. The Gebha house is the Japanese equivalent of the American "smoke-lled back room."

with they every adeligently pusong

Can they will ng aud instructions, Sakaguchi sad trut||

Crashes thu

fashion, Taħtional ance * Geishas

The ate today we Japan

11 elaborate and dental costumes

as they did 200 years ago.

that before Sakaguchi sani the war schools started training Geishas at the age of low Now, under

Allied-spored laws, they cannot start f

raining until thes are 18, winch mennt| he had to reganie has sistem

But he expects the who will appene in Laur years will be as god

three years ago.

"En two or three years there will be some very kuud Cietahes," he declared, "but pow shrugged his shoulders

s

Genuine Geishas are Alunec companions and entertuintis al Jupanese-skyle PUS- expensive laurani" They help to MPIVO The numerous dudes, pour sake

Overwhelming Case For

More Jap Trade

of

Canberra, Apr. 21. The Assotinted Chambers Commerce of Australia said to day in their official Journal that there was an overwhelming case for allowing more Japanese im- poris in Australia,

textbooks

new Geishas

412

new mater

Up

121

Freign traders are often taken to Geisha hearses, and the girl are learning English. In simme Casts, English phases show Today incongruously traditional-style Geisha song-

Sakogictu

that the Geishn Karls ཏྭཱ ཎྜ1 ཝཱཎ- morals of deemed greatly since the war.

believes that Dut training

will soon restore their damaged marras

A greater problem, according to restaurant Downers, is the

Health And Height complex Intour law which covers

ap-

Geisha

girls and which classifies them as "day Introurers," to- The girls

usually li

gether with

professionals Buch prented to the school by Beir

are picked doctors and nurses. families. Applicants

Geisha for health,

grand

appearance, height fast less than five feet) background. and good family They are under euntract to the school and cannot leave without permission.

After their classes every day,

are booked with which

through a bureau they register and which has la Government departments for one

submit twelve forms to various

night's work. Many of the forms have Lo be done 111 quadruplicate.

the girl Work as waitresses in Ten Commandments'

plishments."

TRADE and COMMERCE SECTION

Slow Start For Commonwealth Finance Company

Suitable applications for use of the Common- wealth Development Finance Company's facilities "have not yet come forward in the volume which might have been anticipated,” said the Chairman, Sir Frederick Godber, in his first annual report.

The Company was set up by a number of prominent British business houses following the Commonwealth Prime Ministers economic con- ference of December, 1952.

Luke

S

Its main object is "to provide or procure financial facilities of all kinds for the development of the natural and other resources of any part of the Commonwealth.” The Company will not itself handled through normal market

direct port In such channels. development work. Init will!

The Company is

#till cun- help to flounce approved pro- sidering "at least three" others. jects

Pres whith the Com- when private enterprise

eblain capital pany has nable

10 to

alrendy agreed 10 from other sources

invest are the Sui Gas Trans- mission Company. of West Pakistan, the Electricity Supply Cunamission

South Afries, ગ and the South African Industrial Cellulose Corporation.

Sir Frederick Godbee attri-

butes the shortage of suitable applicants to three factors

1. Il Laken time 1.T the Tunctions of n new or- like the Com- known

Kotisatum

to become billy and understood by potential borrowers.

TOTAL OF 25M.

When completed these invest-

total should

mente

Sake Barrels Instead Of Ships

Kobe, Japan, Apr. 21. A shipbuilding yard near Kobe 10 bullding sako (wine) barrels instead of ships.

The current political storm over allegations that politicians have received bribes from shipbuilding company executives has forced many companies to hall their programmes and take up some other activity until things rotura to 11027AI.

Those rarda till building ships will also be forced to take op some other project if the present police and Parliamentary investigations are not concluded by June.

The investigations preventing shipbuild- ing companies from map- ping out their 1954-55

programmea.

HONGKONG STOCK EXCHANGE

Butler's "Investment

Allowance" Plan

Will Help The Colonies

From Our Own Correspondent

London, Apr. 21.

British mining concerns operating in the Colonies will benefit by the new "investment allowance" scheme, proposed by the Chancellor of the Exchequer, Mr R. A. Butler, in his recent Budget speech,

This scheme is primarily designed to increase the incentive to install up-to-date and more efficient plant and machinery and thus promote greater industrial output in Britain at a time when world- wide competition is becoming keener.

Under

the existing "initial allowances" system, a British mining company, whether it is in the operating at home or Colonies, is able to claim 40 per cent of the initial cost of new Investment

1923 allowance taxation during the agus!

in which the capitul year

expenditure is incurred

Mar Chancellor

1lis

راني

(From Our Correspondent)

about

But. Busines on

Ex- the Stuck

pomied morning amounted merely anticipates change this to $280.907.50. Noon quotations the annual allowances for and the morning's dealings. --

SHAREA BUYERR SELLERS SALES

BANKS

+4

tax

wear

HK Bank

Է

East Asi

170

£5,000,000.

"Preliminary and exploratory" work of the Company during

орнегаци pro-the first year of its

of have included an exchange Visits and ideas with the

ternational Bank, and discuss1/2 with

10 22

2 Sound developinent

already jects are large extent being financed Through other channels.

serious

the British Government, 3 There are many Cases of

Dominion High Commissioners, good development ideas the Bank of England, Central which fail to emerge us Banks in the Dominions and the and considered Colonial Development Corpora- projects, and this may br tion. dard to the sponsor

has also been in contact having access to the right with other banking und Snancial technical anci consultant | Interests concerned

various advice the preparation aspects of development Anne- of his plons.

ing and also with representam tives of Americun and Swis MANY APPLICATIONSG

investors.

The

Dut

I

Mr The managing director, (JG, Beevor, plans to visit Д Commonwealth

"giving !+ Company some thought" to the Jatter ponsibility **** collaboration number with the International Bauk, the Federation of British 105- dustries, and others."

Bul i tho right kind of applications have failed materialise in the expected number, there hus been shortage of applications fail to qualify.

A0

thut

Sir Frederick says the Com- pany has received a number of applications, "the large majority being unsuitable to detailed

consideration."

Of the rest, two or three were of some importance, but

"for various reasons'', did not result

the

terms. agreement One was not pursued by the Company because it was thought from the outset that it could be

On

گرانی

countries in t coming year and also to pay another call on the International Bank In Wash- ingion.

Talks Begin On Renewal Of EPU

Paris, Apr. 21. British Treasury representa

discussing tives today began with GermUB financial experts conditions for renewing the European Payments Union and a settlement of Britain's heavy deficit.

Singapore Rubber debitat, onc

Market

of the biggest

A

in the Union-Europe's financial clearing house, has

ested

proposals for settlement of her $551,- 000,000 (£190,000,000). But the Union's

's creditors, principally Singapore, Apa 21.

West Germany, The market opened quietly must decide wherther the pro- steady but firm during the day pasala are acceptable. on good buying for all grades The Treasury experts are with sellers reserved.

preparing the ground for a full- Future closings were: No rubber per lb. May

June July

No 2 rubber per 1. May No 3 No 4 Spot rubber anbaled Blanket crepe No, I pale crepe

INSURANCES

systeen nf parl

anch tear, so that liability is less in the year in takes place, which investmoni but may be larger inter ou.

It was A step

the right direction, he suíd, but a limited one since

effect Is 250 551⁄2 essentially that of an interest-

Don

DAI

Levubaru

DORS. EN

*ነ

17.00 100 17:00

12:00

K Wher Bock Provideal Old, whorer hk

7 TU 74

LAND ET

HK Hotel JIK Lani

ris

0.00

TAJI 01 34****

502 * 030 1035

33 33

Healty

2

2.00

UTILITIES

Mram

3 0 27 8D

130

Star Ferry

Light 101

120

10 10,24

13 13.30 30%

31

Light (N) Electric

Teleplusie 37 0026.20

INDUSTRIALS

Coment

STORES, ETC

#888 288 *88*88

ון

W18

free loan. As the cash resources of compantes

increased Incentive became IC

portant.

this Im-

The new investment allowance would do more, said Mr Butler.

I would give R

Lax

free

NEW YORK

STOCK

MARKET

New York. Apr. 21. Prices on the New York Stock Exchange receded fractionally today in moder- ately active dealings.

Al departments joined in the modes retreat Indusu-tals (shares and rails led the decline. Market news continued on the favourable side. The large num- ber of highly favourable camming reports gave the market a firm undertone. Steel shares at one time today had a flurry of buy- US Steel in particular was g

nolive.

Demand for "big steel" in-

Allowance equal to a part of creased as the time approached the cost of investment in assets which qualined for it in addi- tion to the full annual deprecia- 00tion allowances.

10.30

GARN

*911 58 (959663

Thus, the initial allowances gave some extra help in the year in which the investment was undertaken, but at a cost of smaller allowances for that in later years. In investment

Investment contrast, the allowance

would dive similar help in the first year, but with по reduction in subsequent

allowances,

new

os the initial allowance of

The new all-round

17 30 7 CU

cent Investment

not immediately

20 allowance 80 favourable

рет 1s

2.00

7337

Dairy XJ 25 30 500 500 25.40 100 25.40 Watson

17.90 Crawford 25.70 20 20 Sincerer COPTONS

Textiles

40

per cent which

mining com-

200 K

2.203

panies can now clalm investments.

But Mr said that since

1000

1600 7

7.30

3000

1.30

MISCELLANEOUS

Yarglaze

8.30

143 100 Yaumati... 101 Allied Inv 3.02% 4

and above allowances up

to

the cost of the works, it would practically always be better in the long run.

for the company's quarterly report. Directors will issue that report next Tuesduy and on- nounce the quarterly dividend. End of the excess profits tax is steel com¬ expected to bolster panies earnings.

The market opened mixed. It developed some strength around mid-scrsion. Late in the session, into however,

the market ran some opposition and the carly gains were more than wiped out. US Steel topped the market in volume with

shures $3,900 changing hands. The stock closed with loss of to $441⁄2.

Aircraft manufacturing IssuCA spurted

rharply today.

Douging closed with a gain of 4% to $116 Boeing Alreroft moved up 11⁄2 points to $78. un new

Elsewhere Hudson Oil war a Butler

In

011 # mixed the investment bright spot

group. 1.30 allowance would be given over

Of the 1,371 issues traded to- closed lower. 431 day, 447

held And 293 Anished higher unchanged.

Sales totalled 1,870,000 shares, compared with 1,860,000 yester- day.

The NY Stock Exchange bond volume was $2,800,000, and the American Stock Exchange volume was 540,000 shures.

Dow Jones closing averages

14

US Agriculture Experts

scale debate on the future of Το

0124-01T

the Union by the Council of 017-64 001-001 Ministers of the Organisation 60-304 for European Economic Co-oper

016-6045ation (ÖEEC). The Ministers

Visit HK

Singapore, Apr. 21.

A team of American ex-

However. he proposed to allow any mining undertaking the new to choose between Investment allowance and initial

the 40

allowances

per cent rate.

ni

If a mining company chooses were: the investment allowance sys-30 Industrinin tem, it will be permitted to

ada 20 per cent of the cost of the new Investment to the ordinary provision for

wear

and tear as an allowance against taxation in that year.

In the second year, however, the investment allowance

will

611-414 meet here on May 5 to renew 57-571 the Union for a year after June perts on agricultural pro- not be deducted when com. 8412-0015

duction and marketing are puting the

30.

CHICAGO GRAIN PRICES

United Press. NEW YORK MARKET Britain has proposed making the elaborate Yamato-ya res-

New York, Apr. 21. a lump payment of $30,000,000 Itaurant to which the school is i

Sakaguchi concludes his text- Rubber futures today

closed and paying off the rest of her For this, they are attached.

10 points lower to 20 points dobi over a number of ycars £3 book with "Ten Commandments paid 3,000 yen (about

Geisha Girl."

higher with sales of 108 They are!

con-under bllateral agreements with sterling) a month, their board, to

her creditors, tracts. tood and clothing being supplied 1. Get up by 9 a.m., clean your

May Profit-taking upset the

In return, Britain wants the by the restaurant,

room, pay your respects to God or Buddha, then have breakfast delivery while the late months creditor countries, particularly After the has passed her final Clean your teeth so that you

contributed to meet goed sup- Germany, to stop their surpluses It said, "Although Australia examination, The prospective make a good Impression on the porta from brokers with Wall becoming a strain on the Union might be suspielous of Japanese Geisha faces the Commission of customer when you smile.

Street connections.

in future.---Reu!cr. good faith in international affairs Examination for Geisha, which, 2. Practise your accomplish. The spot market developed it should not mean that Aus-if she is found suitable, presents ments daily.

the best activity for some time.. tralia is not willing to trade with her with a "Diploma of Accom- 3. Make an appointment with dealers said. Some estimated Japan.

She then starts your hairdresser. Take your the business around 600 to 700 "The arguments by Australian work at her old restauraat as a bath before 3 p.m. so that you tons. Large and smell factories Intiustries, that increased Im-full-dodged Grisha.

can entertain a customer at any from Ohle were identified among

Chicago, Apr. 21. ports from Japan mean unfair

She begins at a salary of 20,000 time.

the buyers. Reported sales in-

Prices per bushel In cents: can best be met competition,

(about £20 sterling)

cluded 4. When you have a call from

one sheets, May de-

Cloring Prices through a tariff protection policy month, plus tips from customers.n customer decide quickly livery,

at 22 cents; two sheets Wheat, No. 2, red but not by virtual embargo

nt 21% cents for August de Spot through quantitative import con- ood Geisha will get up to whether you want to go or not.

100,000 yen

£100 Do not wase another's

livery; Ave sheets for June de- May 2103 (1) 215 (

July Behave yourself out of doors.livery 2014 cents and dat bark Sept. sterling) in tips a month.

Geishas say that most of this You never know ..who for July delivery at 103% conts, Dee.

all landed basis. goes on clothes, which they watching.

themselves.

The rc-

Entertain

Future closings were: mainder is saved for their old with oque consideour customers Geishas retire at you know them or hot. Strangers between 35 and 40. They then of today will, be your customers use their savings to set them of tomorrow.

4. selves up in a small business,

May Do not forget to take your sičcessary equip- usually a restaurant or fedshop.fan or other

ment. Morals Decline London, Apr. 20.

7. Do not be free to leave The 112 members of the LoD-

your customer's room, allbough School Bymphony <Both

ot- The top Japanese Geisha at you have friend chestra left London via Har-present is Takehara Hin, who room.

trols.

The polley of continuing to long impose import controls

for there had after the noed passed was wrong and morally

ded."United Press.

Orchestra's Tour

yen

o.co.

Most

(about

turne.

May

July

September

23.08

213

210-215 200 ZID

213-

Corn, No. 2, yellow

Spot

210

1001

May

22.10-10

Jaty

28.00

Bepit.

16375-153 18344 1804

12.30

Dec.

2441

December

Marel (1985)

21.12. ..... 23.10

Hoy beans, No: 2 yellow

Spot

May

--United Press, LONDON MARKET

July

The

In another

No. 1 R POL Settlement house termi Kay June

1034-107%

London, Apr. 21. rubber market quietly steady with No. 1 Tur New York Hours, 200' Ibu, apot quoted at 18 5/10 price per 1b. Pricer.

Sept.

Nov.

2011-152 70-TO

was tiny, spat

BACK

Exchange

Rates

wich today for Rotterdam to works in Tokyo, She is not 9. Do not ask your customer "give aix concerts in the Nether-attached to any parlapuler reato your own house.

money. 9. Look after your children and taurant and probably eerus DN Larkle, three for three for adulta,

much 09 A top industrial Do not waste it, but spand

July/Sept, The tour sikis on April 28 exocutive-the clad from which nerously when neceway. Del/Dec. with aala performance at she gets most of Bur home.

good Geisha giti | M/Mar. 12. To bo a Rotterdam's Rivioral. ·

Gothes who rank with dogs not mean necessarily that They, are travelling as guests | Mount Fuji ds the nation's main you are good-looking, skiiful, or of the Dutch Amoolation, OF COURSE, etirWctions, has indwaya inake much money. Know what World Fond China Mail played & significant role in duty and humility are illán, Special.

Japanese life. ·Many" big Mali Special

General marketa, tif biol

April

Juba **

*$14.30m -United Press,

wear

and tear

to visit Malaya, Hongkong allowance on the written-down { and other parts of the Far value of the asset,

Thus, East to explore the possibi-

the total depreciation set against the lities of increased exporta allowances of farm products to this add up to 120 per cent of the tax Hability will

area, a spokesman of the cost of the investment instead US Consul General said of the present 100 per cent.

yesterday.

company's

an-

The Chancellor also

a measure to help The purpose of the trip would nounced

British Arms to offer long-term be to study the possibilities of credit to Commonwealth Im expanding the US agricultural porters of capital goods. trade with foreign countries

This will be done by enabling as envinged

President by

the Export Credit Guaranico Eisenhower in his

farm pru Department to give full cover gramme recommendations to

to a bank up to u-maximum of Congress.

85 per cent of the value of the

The President's proposal call- transac

ed for a series of trade missions. one to Europe, one to Latin America and one to Asia. -

The group for Malaya and the Far East will be headed by Mr Homer I. Brickley who is executive Vice President of the

tho

E.C.G.D.'s facilities were only granted to the exporter, and this expoerd the banks to certain risks and thus reduced their willingness

to provide credit.

National Council of Farm Co New York Cotton

operatives in Washington and j United States- representative to several international conferences on agriculture.

The Far East is the second Erincipp) market for United Blates form products In-vibe totalling nearly one billion US dollars or nearly 1% of the Ametleaf farin exports.

Mir, Brickles will see if his

Market

Now York, Apr. 21.

20 rails 10 utilities

65 stocks

10 honda

Cumm. future price index

310.0Ï

101.27

50.03

$10.80

100.91

170.50

United Press.

New York Sugar

Market

New York, Apr. 21. World No. 4 sugar futurea today closed 2 points higher to point lower with males of 08

contracts.

Domestic No. 4 sugar futures higher with sales closed unchanged to one point at 113 con- tracts.

Trade interests were reported on both sides of the market in both contracts.

Row prices held unchanged. Japan was the accredited buyer on Tuesday of 7,000 tons at Cubans, May shipment, al 336 centa a pound, fob, denlers re- ported,

Future closings Contract No. 4 (world)

MAY

July

Sept.

Ocl.

Jan.

Mar..

Miny

July

Spul-(cente per 3b. fot

Cuba)

3.38

Contract No. §

May

July Sept.

0,700

Nov,

D.790 6.700

Mar

Brot-cents per ib. elt NY"

ex-duty)

6.70

United Press,

The cotton market maintained London

of overtone

`loadinėsi an throughout the session today.

Trading volumes and open Interests were:

Moti

· Bushum was done tri, the local group can stimulate export to July

kets this the fed- he I viung, THE EL

group left the US on April 11, 972

and will visit je Malay the "Fy 53% pruether.

end

Hongkon

**** before dying on ta Japan for

talks in Tokyo UnitedPress.

Volume Open Interest

231800

II

Foreign Exchange

New York

Londam

Inhageni

1,918,200 timław, Zurich