1954-04-29 — Page 9

THE CHINA MAIL, 'THURSDAY, APRIL 29, 1954.

Copy Of Koran Presented To German Ambassador

The Imam of the London Mosque. Zaktur Ahmad Bajwa (left) presents a copy of the boly Koran in German to the German Ambassador, Dr Schlange-Schonlgen, at the German EmbanayExpress Photo.

Still Many Grumbles

About

Britain's

National Health Scheme

London, Apr. 28.

Britain's National Health Service, which had a stormy beginning just over five years ago, has now settled down to a more peaceful existence, although there are still many com- plaints by doctors and dentists as well as patients.

The furious controversies which it at first aroused have died down. Even those who were its most bitter opponents now accept as a fact that the conception of free, or almost free, medical attention for everyone from Duke to dustman is here to stay.

Three classes of people still grumble about the service:

Dentists complain that they have to work too laik and tou hard for insuficient re warth under the scheme;

Labour Polticlans Bre angry because the Conserva - tive Government

the hospitals. nod

160,000,000

visits were made to out-patient departments.

B.M.A.'s Watch

Lets of

More than 10,000,000 introduced

teeth Were Issueu orificipl

spectacles,

somo charges to the public

T

instead of keeping the vies entirely tree: and Economic experts watch with axity as the co of the Br- Viess inereuses year by year.

Anunciul During the present yeur, the eest to the nation of Services Health the National

strst The rise to may over the £300 million murk.

The ordinary Briton thinks of astronomical

Uke ile when he sites doctor's surgery awaiting turn to have the Fun OYLT him.

מתוו1

seldom

28,000,000 Latry of

un 305,000 hearing aida

The British Medical Associa- tion has maintained a wary and constant watch over the service,

The prospect which

worried

the Association most at first was that there might be Government interference with the profes-

doctor sional freedom of tho

That has not happened,

Morcover, few doclors

have

Expectation Of Life Now

Highest Ever

Men 67, Women 72 People in England and Wales are living longer The latest all- than ever.

Agures suffered a drop in income under eial estimate is that a boy

the scheme. A general practi- born today can expect to tioner, treating the maximun olive until he is 67-or 67.06 3,500 patients allowed under the alethoscope

A year National Health Act, clears years, to be exact. shout £2,000

year #

after ago the estimate was 65.84

paying

tox

Half a century ago and ex-❘ years.

it was only 48.58.

The sum he is likely to think ub ut + the temp. nee il wrek which is automatically deduct- ed by the State from his wages to to finance the

scheme.

11 he gives it any more thought, he probably decides he ta

ting a good bargabi,

get-

Ouer he has registered

a local

skoctor, he

with

family can get all the medical treniment they neod nothing. 15 the doctor derides

with his

for

to send him to hospital or to will be sre a specialist, that free, 100.

Nominal Sum

Medicines supplied by the chemist on the doctor's prescrip- tion cost the patient the nominal sum of one shilling.

If his teeth are giving him trouble, he is expected to pay only up to the first pound sterling

of the dentist's bill. Artificial teeth are supplied at half price. Spectacles from the optician ate also provided at half price.

arc

Free pre-natal services provided for his wife and the baby will be delivered without cost with all the care and utten- tion that skilled doctors nurses can give.

RANCA

income

penses.

Taking into comderation the decreased value of the pound sterling in recent years, this is still rather more than many doctors made before the service was introduced,

The

Women, on the average, zij always longer-lived, Their ex- pectation of life is now 72.35. Last year's estimate was 70.60. Half a contury ago it was 52.38. Medical Association,

stil! volers

It is expected that for the next against the 25 years there will be a steady complaints

annual decline in the death rate,

hewever, main

here:

three

I cians that the in- while the average number of timate,

personal relationship births will be 640,000. After this between doctor and patient period a decline will set in. has deteriorated. Palienta

By 1993 the population tend to regard the doctor ne nothing more than a provider 46,382,000 will have dropped by of certificates for specialised 235,000 from that of 1983, The treatment elsewhere.

of

number of births will average

2. Regional hospital boards, | 000,000. which control Britain's half

TRADE and

Why 'Gilts' Have

Risen London Market

On

Gilt-edged stocks were the strongest section of the London Stock Exchange up till the setback on Tuesday when doubts about the outcome of the Geneva conference and the deteriorating Indo- China situation set prices back slightly.

Market observers expect prices will recover to last week's levels following Sir Winston Churchill's statement that the British Government was not prepared to give any undertaking about British military action in Indo-China in advance of the results at Geneva.

This article by Norman Crump, City Editor of the London Sunday Times, gives the reasons for the recent strength of “gilts” on the London market.

Since the stability of the gilt-edged section has A оп very strong influence other sections of the mar- ket this article will also explain the boale reasons for the present buoyancy of the London market.

Since the Budgel, prices havo men on the average by abol 1 per cent, but the undated Jecks have risen by more. Thus 13 per cent. War Loan his put

on over a point, from 87% $84.

There are

varjous reasons

Invest in

the end of the year; and to re- logor-dated stocks, Finally long-term stocks are to- day historically cheap."

have seen a table giving the yield of Consola for every your since 1830. The highest yield was 5.82 per cent. in 1920, ano the lowest yields were 2.41 per cent. in 1896 and 2.31 per cent. in 1040. The

averafc yield over the whole 124 years WRS 8.32 por cont

Last week's yield was 3.77 pe: cent

or nearly 14 per cent. above the average.

Too much should not be madu of these figures, for conditions for this strength in gilt-coged.

nave changed vastly over the First, with all Ite disappoint-

past 124 years. Stiil, to yield mats, the Budget is, on second

3.32

Consola per cent.

should thoughts, regarded as very

stand at 76, Instead of 06, und. Then there is the world-

**** | where they stood last week. witte conficience

sterling, In fort,fed recently by the March export returns and growth in hur gold and dollar reserves.

It is possible to lake

two- yay view of the future couren

American business. It, a now seems likely, the curve is m going to fail much mure, then the United States will have had its

without any recession cally untoward effect upon us, Conversely, if American trade deteriorates, and if we are in- volved, then remedial measures will be taken on bolḥ sides of the Atlantic,

گی دارم

AUTUMN BUDGET?

New Exports Help

British Trade

London, Apr. 28. Television aets, synthetic detergents, nylon knitted goods, electronic equipment This might induce Mr Butler and combine harvesters are to introduce an autumn Budget, among a miscellany of new

probably would

British exports, developed casion n reduction in Bank Rale.

In passing, the general belief commercially only since the war, which are growing in o lower Bank Rate come fairly BOON scens to be prominence in world mar- overdone.

kets.

and more

that

De~

will

the next change to pect be downwards, but any such decision will be based on the needs of the moment, and that moment has not come yet.

new"

The Board of Trade in a state- mout issued today revealed that new exporta

at alone, valued £43,000,000 last year were A more practical couse of the

equivalent to 1.6 per cent of current gilt-edged strength E

the total of manufactured Bri- that the big Institutions still

lish exports during 1993. Leed outils for their funds.

They did not get enough of

In addition "virtually the new 1.C.I. loan stock, and exports ranging from oil re- is doubtful if

tful if they are willing Anery machinery to tract laying to pay the current 2-7/10 mat- tractors and from air condition- ket

to alarm clocks Incidentallying machines premium. they would probably welcome had grown in value from a total further Industrial borrowing. of about £25,000

to in 1938 A more technical point les in about £13,000,000 in 1953.

Ilsted A third the tendency to sell Serial '54s,

category

by the before their maturity towards Board of Trade shows exports which have grown in value twen.yfold

1938. or more in Among these ure refrigerators,

Singapore Rubber tractors, washing machines, ac-

Market

counting machinery, plastic materials and refined potrol.

These new

and

expanded groups of exports, which to- gether account for more

than Singapore, Apr. 28.

ot Natural rubber Malaya 10 per cent of the total

n

exports,

reflect the continued to climb on Wednes British day as war clouds grew darker "adaptibility of many of our Important industries and the Thcao calculations dre the over Indo-China. Work of the Government The market

reached by British Industry in with #iltation in their methods of manage-Registry Offee. They are given During

the General Ings were taken up by trade, many splieres of scientifle and

development," the afternoon prices technical quarterly return of the tensed to harden on trade sup- Board of Trade statement con- 3. The service has tended to

port and the market closed very cluded-Reuter, stress cure rather than pre-Registrar-General, published in

London last week, In vention: medical and

million hospital beds, are tou

impersonal and bureaucratic Actuary's Department, in con- | Irregular but "pened somewhat "advanced position that has been i

ment.

the particular, dontal services fur school children are logging badly.

in the

POPULATION UP

Other Items given in the ro- |turi include:

Wait For Hours

Population. That of England Patients, too, have their complaints against doctors under and Wales has increased

about 420,000 since

Inst the scheme. "They are crammed

The In April, 1951. crowded

me consus waiting. into

room

the

reasonable offer-

Prices:

steady. No. 1 rubber per ib.

May

0411-0175 June July No. 2 rubber per b. May mag-037" No, rubber per 10. May 2-2 No. 4 rubber por 1b. May 60%-60% 0376-0432 Bpot rubber uribaled Blanket crepe

by

No. 1 crepe

But the man in the waiting with other sufferers and have allmated population at Dec. 31, room, thinking of his tenpence. to wait their turn sometimes for 1953, was 44,168,000.

15

end. Appointments

Death Rate-For the quarter no economic expert. If he hours o went deeper into the matter, he made for a fixed time secim to ending Dec. 31 last it was 10.7 would realise that the service is mean nothing.

per 1,000, compared with 12.4 costing him more than the few Dentists are much less con- for the corresponding quarter of pence deducted from his wages, tent with the scheme than doc 1932, and an average of 11.5 for He is paying another share of his tors. Unlike the medical men, the fourth quarters of the five doctor's bill every time he pur- who are paid on the basis of the years 1947-81. The rate for the chases a packet of heavily-taxed number of patients registered whole year won 114 or 0.1 cigarettes, drinks a glass of beer, with them whether they need higher than that for 1952.

ar buys his wife a washing attention or not, the dentist is

machine with tigh purchase tax for the Stale added to the basic

price..

The heavy cost of defence la one reason why the British are so heavily taxed, "Walfare State acrvices, of which health forma a

alumped sharply. One dentist

-

United Press, NEW YORK MARKET

Now York, Apr. 28. Rubber futures closed today 30 to 50 points lower with sales of 125 contracts.

the

New York Sugar

Market

New York, Apr. 28. World No. 4 sugar futures. closed today, unchanged to one point higher with sales of 409 contracts.

Domestic No. 6 sugar futures closed 1 to 2 points lower with sales of 178 contracts,

World futures edged up with and the firmer raw situation, and found covering pending further dove-

In

the

Scattered liquidation dealer hedigo pelling

lopment

Indo-China buyers a little more aloof.

Bpot No. 1 Res were quoted snuation. at 22 cents a pound. Prfeca: Domestic futures eased on

22.30 1170 scattered liquidation with the 21.15 low raw basis.. Future closings

ware:

May

July

Unidad Prom. LONDON MARKET

London, Apr. 28. The rubber markei was easier with No. 1. Rak, spot quoted at 10-1/16 pence per lb. Prices

paid for his Ume and the no- Infant Mortality-The rato Sept.

for the buaiter was 28.1, or 2.9 | Str iure of the work done.

When the Conservative Gov- below that of the equivalent May eramont introduced charges for quarter in 1953. For the whole

treatment dental

figure was 30.8, the tartar the Folso and teeth, the demand for treatment lowest aver recorded in Britain,

· Diactors. *** Notifications of jewcently told a court that his masies dropped in the Deza- big port, is the other main cause, earnings had fallen from £0,000 boe quarter to 11,040, the lowest

The Brai five years of the to £13200,

recorded since: 1946): No osses National Health Scheme aolually But, as with so many other at umalipon or datiha from that coat the nation $1,077,000,000. complaints against the

Bigle cause Ween reported. In these five years, 42,000,000 [ealth services, the troubles of people registered with doctors the dentists may soon be Baleides in the first three under the National Health amoothed out. They are now quietare, bf, 1965 iho, number Bcheme and dentista gave negotiating with the Minister of indeed it from ! 3,299 . Ing the Mar 43,000,000 treatments. Bixtern Health to have their agreement comparable „montill of 1954 to July million patients; paard through revised China Mall Special4| 8,54 29030

No. 1 Row spot ******

runs meses.

• Beitlement hotan, Barflit

July/September October/December

June

-> Contract No. 4 (world)

MAS July

September

COMMERCE

The Russians Pay Up

New York, Apr, 18.

Russia has made avail able 4,000,000 roubles (about £357,000 sterling si the offeină raje) «skie pra- mised

the to United Nations · technieni assistance fund), i) was re- ported as Valted Nations Handquarters

The money has been paid Into T

technical Raulstanne

account opened in Moscow In the name of the Becre- tary-General of the United Nailons, Mr Dag Ham❤ marskjoeld. Informed sources said.

This is the first contribu- tion Russia has made to the fund, which is for the sustalance of under-deve-

toped countries.

A pledge by Crocho- slovakia of 500,000 crowns £24,800 sterling) (about

has also been paid, buí a Polish pledge of 300,000 zlotys (about £24,765 ster- ling) has not yet been mes, the sources said,—Router.

HONGKONG STOCK EXCHANGE

SECTION

Grimwood Describes Complaint As "Fantastic Nonsense”

London.

Two more complaints about Hongkong goods have been answered by Mr. E. G. A. Grimwood, Director of the Hongkong Government's London office. One he described as “fantastic nonsense”.

The first was contained in a report in The Shoe and Leather News which attributed to Mr Alexander Johnson, chairman of the North British Rubber Company, a statement about the importa- tion of rubber footwear from "so-called Empire sources". It went on to suggest that imports from Hongkong fell into this category.

to

the

"Our industry provides em- ployment for a large number of

Mr Grimwood has replied; industry, the 1953 exports of "All rubber footwear imported | British textiles to Hongkong Into the United Kingdom from were valved 0.1 £7,300,000, Hongkong under claim to Im- whereas the total value of Hong- porini Preference is manufac-kong textiles exported fured in this British Colony. UK was £1,300,000.

"Given dotails of any parti Lauar shipme

it is possible to

estate trace the precise

upon which the rubber was produced workers in this Colony, which La Malaya and the precise mill has the greatest refugee problem in the world. The stability which which produced the canvas in

industry brings to_local_condi- the UK.

"H. M. Customs Investigations

tions enables the Colony to sell £30,000,000 worth of into all claims for Preference

Brush products oach your are rigorous and searching and whereas total exports of all kind It is utterly impossible for any from the Colony to the UK substitution to take place." seldom exceed £10,000,000, of

The second complaint, con- Excerning "seven shilling shirts

was aitributed by the Sheffield to Councillor S. C. Telegraph 10 Bradley He was reported to have said that these shirts were not manufactured in the Colony, but came to this country through Hongkong". The re- was little port added, "thoro doubt that the shirts were mode In Japan with slave labour."

FAMILIAR FORMULA

(From Our Correspondent)

Business on the Stock change this morning amounted $788,488. Noon quotations and the moming's dealings:---

to

SHARES DUYERS BELLERS KALES

BANKS

1K Bank... 1850 1600

East Asia

INSURANCES

Union

Underwriter

170

7 1660 50 100 35 1060

8:0 603 253 T 805

7.40

23

DOCKS, ETC.

is. Wharf... Dock

17.30 17.10 Provident (0) 13.40 S'hat Dock.. Wheelock

f'ħal Land Realty

UTILITIES

Tram

B7A

20 @ 70 100 f 00

In д letler to Councillor Bradley, Mr Grimwood de- scribes this allegation as "fan- lastic nonsense."

which by far the greater pro-

portion will be raw materiais for British industry.**

NEW YORK

STOCK

MARKET

New York, Apr. 28.

Rall shares, with Indus-

He has also written to the Editor of the Sheffield Telegraph,

his 3 repeating

now familiar answering "such | trial gains ranging to more than 2 points, provided the

formula for

complaints, and adding

It is of interest to note that stimulus for a recovery in although these low-priced shirt stocks late today.

the UK bring competition to

The rails, which have lagged far behind industrials in their

New York Cotton rise to the highest levels for 25

250 0 121

1.43 73% 2000 1000

LAND, ETC.

HK Hotel HK Land

1,40

591

Rix

21334

1.09

1740

Star Ferry

131

C. Light (0) 18.00 16.10

30 10

C. Light (N) 13.00 13 1000 1500

Electric ... 301% 3015

Telephone

I

21.30

An

INDUSTRIALS

Cement

.... 18.00

STORIS, ETC.

Market

years, awung into action late in the day after realising bad caused the widest break in threa weeks in industrials.

New York, Apr. 20.

narrow Quiet trading with

Aflantic Coast Line, Illinois characterised 2015 | Buctuations

the Central and Union Pacific ran Trade In Cotton futures today. up more than 2 points each,

overlone of steadines

Enthusiasm generated for the prevailed most of the time, rails, which have been making although a number of traders favourable reports for March in marked time waiting crop news, the past few days, spread to the plus Indo-China developments rest of the Hat, bringing prions and exit of the current May de-up sharply from the day's lows livery.

| and giving many Issues substan-

tial gains. Trading volumes and open Interests in the Exchange today

Dairy XD * 24.70 24.40 2300 ₫ 14.00 1500 2420 500 24.80

Open Interen

1000 à 24.00

000 u

Watson

27.70

Bis

COTTONS

wore: 100 5,10

Month

Volume

MISCELLANEOUS

Yangtze ... 6.30 Yaumati Allied

Textile Corp. 129 135 5000 g 70%

150 @ 6.30

May

38.300

73.100

July

49.800

$75,000

Oct,

10,300

34,100

Dec.

23,700

220,200

450 v 8.30

Mar.

17,400

160 200

141 144

Invest ...931 3.95 1000 8.90 1000 63.4235

May

10,300

155,000

July

1,300

Oct...

Total

139.500

NEW

London Foreign Exchange

Spot

May

July

Oct

London, Apr. 28.

New York

2.81 15/10-2.8156

Mar

July

Montreal

2.78-728461 Amsterdam Blocked Mark' BAT-2 10/10 Hamburg

11.155-11.70 Trumanis

149.7310-140.7735 Copenhagen

192413-19/4434 08615-00046 Parts Zurich

Other

unchanged.-United Pren.

NEW YORK EXCHANGE

Now York. Apr. 20.

$1.03

281 15/16 2016-2017

.wone

Canada England-ofcip! unofficia 30-day futurew 90-day futures.

+

*

M

***United Press.

LONDON TIN .MARKET

London, Apr. 28. The tin market was aténdy, Bpot remained unchanged at 27304 sterling and thress month 2011; 22% to 278,MA

Turnover was 40 tons, nil for Cloding, prices in sterilng par long ton were 2 Spot buyers

*

~ İşşandrsku

12744

7,500

1,024,100 Onits United Press.

YORK PRICES

New York, Apr. 28.

000

Turnover amounted to 2,120- shares, compared WILT 1,970,000 shares yesterday.

ELECTRICALS WANTED

Electrical equipment Issues soared in the "Industriale after. early setbacks on realising.

US Steel was the day's most heavily traded stock. It fell to $44% following yesterday's an- nouncement of lower first quar- Closing Pricestor sales and earnings, then re-

| covered to $45% off a point.

Aircrafts were hardest hit Profit- among the industrials. taiding was centrod on these re- cent

35.400

33.68

24.04

34.00

33.000

33,356

Unked PresK.

CHICAGO GRAIN MARKET

Lavourites. Boeing, up sessions in sharply in recent anticipation of a good frit quarter report, fell more than dve points after announcement of earnings nearly double those for last year. It came back to, $801⁄2 of 2.

Of 1,174 lastes traded, 431 Chicago, Apr, 28. Strength In soybeans futuros were lower, 483 higher, 280, stood out alone in a weaker unchanged. ́· market on the Board of Trade today.

Wheat prices slarted steady but later mot liquidation. There was little interest in buying,

The NY Stock Exchange bond volume was $3,080,000.

The American Stock chango

volume was 400,000

however, because of slow export shares-United Fres.. males, small domestic four des mand and favourable

DOW JONES AVERAGEN weather and crop reports.

CHICAGO GRÁIN PRICES.

New York, Apr. 28. Dow-Jones closing averages lon Wall Street were as follows:-- Chicago, Apr. 20

10 tedustetade .... Closing prione per bushel in conie) 330 r. **** Wheat, No. 1, red”

|| 18. uuliten 3000 MAY 2003). 20114(1) *****

of locks and 208-2091% | 40 bonde, July

30-415-6

Dabember Pern, 200. M

United Press

Septáciber Desechber

NEW YORK

Epos (wente per 18, 200 Cube)

inspe

Comen, future price index Comm. t. price dodex Moody's 18 commodities

Exchange" Rates