THE CHINA MAIL, TUESDAY, JUNE 1, 1954.
This is the de Havilland 110 vehlel by to be the Royal Navy's first faster-than-sound
fighter. See story below.
Latest Round-Up of Aviation News From Britain
'Stovepipe' Ramjets Will Drive Rockets
At 1,000 To
of aviation
news from
3,000 mph
"stave-pipe"
Another
Lasuton tells you how the This werk's round-up ramjels forer British racerts through the air at such fantastie spreds of Mach and over.
in these power units. It also deals with the possibilities of further development item in this round-up conerrus. Handley - Page which is developing the HPR-3 airtister to has hullt thuy one horse power electric malors lo teplace worn-out DC-35. The compani
at present undergoing tests in a power a small seal madež at the new airliner which is
is giving to a number of whid tunnel.
A third ilem explains the new toode de Havilland its fighters at present filling stop-gap positions in the Western defence network Swifts and Hunters take up squadron duties on the Continent,
Anyone who has seen
TRADE and COMMERCE SECTION
Business Decline How Many "Hips"
Appears To Be Stabilising In US
New York, May 31.
There were further indications this week that the general business decline in the US appears to be stabilising.
Industrial production, one of the weaker spots in the economy, has been improving. Manu- facturers' new orders have improved. Income has held at steady levels. Steel appears ready for a rise, however slight. Textiles continue to show firmness, and commodity prices are steady. In addition, there appears to be an improved demand for non-ferrous metals.
Stock, prices continued to reflect this bullish feeling as industrials on Wednesday closed at their highest levels since October 18, 1929. Heavy industry shares led the advance, with oils higher, non-ferrous metals firm, and aircrafts strong. The Dow Jones industrial
average
moved up 064 per cent to 327.11; utilities closed at 58.17, highest since August 20, 1931.
until new
ແດ
film of
missiles will
guided tes. with
have notice
- Pow to
If
tu
work and further performance all-weather inter- decup the gas stream,
aders believe chance that
will 13k
ceptor fighters shall come
into
throwing gas
stream
(1
active servicn.
then reels to drive
the
that the missiles
of course.
Te
In the we alreraft production & embodied all development resulting from ten years of work based upon the origmal Vampire.
Now
10
the
initiati thrust comes from a cluster of rackets, which, once
01
design
unit fur ward
There are. seplestreated impects of this One such in way. fallega put off. From This point, the frement developed by Brilish guided missile is powered by
missile is or
deshares in In place
111 The milake
its main power unit, either rompet
more or. Phj, ying stovepipe as it Sometimes rallel.
a inrger rocket. prolably,
Th
Deificy
Bulle
of the
procitate
strong,
The possibilties of the swept wing becians Mieresting at the end of the war und an adapur- tion of the Vampire (the D.II. 108) was the first swept British
ny, making
ta
or 'sharply-delinest shock wave of pircraft iTruly Conical form, this ballet siden flight on May 15, 1948.
That the slawek -
Before the opportunity came se posthione
gives the best to produce cm operational swept wave producent
Intake.
Aghter in Britain the Vampire Leesible flow to the
formula mshvanced several slages The bullet itself by also a con- Ivonleat place in which to house in response to the
that
Although the comet has this aprond-Ing nickname tearned he use of its shape and rugged British designers samplarity). belleve a powerplant of considerable promise, which is certain expected
01 types
of from me and a half
要
Vessories.
Tiny electric motors, giving
to four times the speed of sound only about one horsepower, and
engine
1
Juwer
**
uf raissites
fying
'LIK
-that is
mob. at sea level.
Incidentally. cies nurs Also
believe the ramjet
may have
1,000-3,000 about
driving miniature propellers, have been filed to the wings
of new a model
for less In live tunnel.
j muximte needs.
intre
The first stage was that of Dhe night fighter, having a side- The by-side cockpit layout.
rond was a trainer variant of
Betish tertaken
the
It
Wind
(30)
this form.
These developments wete une As private ventures,
prototypes flew
1949, and Novem- August 28,
The possiblities its uses at the other end of the The model plane was sad end problems of using jet air-
br 15, 1950. speed-scale, fitted to the rotor give als agres
were about their craft from naval carriers ps of helicopters
Page's information
with the Sou auliner- 36-seat fest explored new HPR3
Vampire, hook varlant mak- DC-3 replacement.
the The tiny lors
played the ing. on December 3, 1945,
very Art landing-on and take- part. In the wind tunnet texts,
off by any jet from a slip of the four Alvis Leonides Majos 870 h.. piston
engines
How does
How It Works
the ramjet work? | First, suppose # ramjet is nying! na speed of Mach 2, or about
at sea level. 1.500 mph. travelling so fast that the nhend of it has no warnlu,.
shrock Its upproach. therefore extats over the nose!
ᏓᏅ of the eng
engine rather like cone-shaped wave of water at the prow
a fast-travelling of speedboat.
115
of
wave
The cone is made of a very sheet of atr only about one thin
tenth of a thousandth of 往门 Inch thick. Yet although the incoming Bir
only has
this minute distance to travel, Its velocity, as it passes through the shock wave, drops from a spend of 2,200 ft. per second to about 800 ft. per second.
This virtually
instantaneoUS
well
the
before the
Sen.
which will power the full-scale All-Weather Fighter airliner. Designers decided 10 at the motors so as to have
The Ghost engine first ran on tuli information about
As a quick effects of engine thrust And September 2, 1945.
means of obtaining atr experi- ence with this new power unit Vampire was adapted to tuko the Ghost
This combination pi once in climb presented an advance and ceiling. notable
by con- temporary standards,
WIS demonstrated on
23,
slipstream prototype flies.
These effects are, of course, calculated first at the drawing board stage. but because of the Importance of having accurate and of the thrust knowledge slipstream on wing, flap
and tail unit, I was decided to make tunnel tests too.
Engine 'Failure'
Bist
of
March 1948, by the height record 59,492 fL
The Venon Bghter with a thin
emerged frotn formula, Bratly as an Intercep- tor and tactical fighter-bomber and then, ingically, as a Feat
all-weather fighter
carrier-based
The model HPR3 had a span wing of feet and
Was made of slowing-down of the air is ac- laminated mahogany. All the companied by a corresponding control surfaces were movable. instantaneous rise in pressure—
speed of the 'power- The the air is compressed to about
the land-based four times its free pressure in plants' could be varied, and the
propellers (which were correct operations, this process.
happens before the
entered the engine.
air tung
one
of
is
with
The
Some
Before "Hurrah”?
London, May 31.
The return of Qucen Elizabeth 11 to England, after hrt Commonwealth tour has given rise to an argument in the "letter to the Edilter" column of "The Times,"
One
WECIO
F on the radio called for cheers for Elizabeth, saying "Hip-hip, hurrah!" But another man called for "Hip-hip-hip, hurrah!" Which was right? Lelters to the editor on this weighty matier divided. One wrlier scem cd annoyed; he said there should bo
rule for cheers, any more than fox the bird that Sometimes calls "Cuckcuckoo," and at other Hmes skye
Just "Cuckoo,
no
A French writer Dow Diving in London saich Jx his boyhood in France they Invariably did 11 In triplicate, anytug "ip-ip- ip-ourgaa!"
HONGKONG STOCK EXCHANGE
Malaya May
Loan
Get
From World Bank
From Our Own Correspondent
London, May 31.
The President of the International Bank for Reconstruction and Development (World Bank), Mr Eugene Black, said today in an exclusive interview that a number of loans to sterling aren countries, including some Colonies, were close consideration.
under
The first of these wouldį vate funds into such develop be announced shortly. Itment by means of public issues of the Bank's bonds, rather than would be a £5,000,000 loan to Pakistan to assist in the vestments,
[by guaranteeing individual in-
development of the Sul Gas Transmission project.
There
were
110 immediate plous for tanking a new Ixsuo
The Commonwealth Finance of World Bank bonds In Lon
rule out Development Company recently don, but he did not announced that it had bought at a later date.
the posibility of much an issue
1,000,000 shareholding in the
company operating this project. |
World Bank loans totalling
To
Commonwealth
This is a quarter of the Bank
Mr Black admitted that plans 500,000,000 dollars have already to make loans to sterling area ben macht countries from the 200,000,000 countries. that Britain released at the be-al loans made by gluning of 1953 for this purpose since its inception. had been slow in developing
HOW However, the Bank was Ex-considering a number of schemes fat would result in the arrange- loans in the near
(From Our Correspondent)
the Sluck
Business un
10
change today amounted $101,250, Noon quotations nud NARES BUYERS SELLERS SALES the morning's dealings:-
BANKS
1030 1040
175
8271%
0.35 4
SHIPPING
Some observers attributed ; to about $101 million for leasing! part of the good showing and exploration.
The International Telephone fo expectations that "WAT and Telegrapti
Company re tension in the Middle Earl, ported "good"" frat quarter in Indo-Ching and
carnings, und expected to better
mark Guatemain, might stimulate the 1983
In 1954. No Income Agures defence spending by
the peele
were anticed Last year the firm Government. Some even tadk
med 67 cents a shore, in the about the possibility the first quarter on sales of Dimost the Defence Department $86,100,000,
Ruto industry long might request a good part
dealers of the $6 billion previously Plagued with mounting
stocks and buyer resistance... stashed from its funds.
continued to be shrouded in un- According
News WeckEL
certainty. Stocks of new cars megazine. Administration in currently in dealers' hands are
there's
“ 850-40 estimated at a record 600,000, 50 President Elsen- per cont higher than a yea:
sizable ruriler. kon
Dock safes pick-up is boost in defence money-barring expreted in the next two months a sudden and spectacular easing as notoring weather sets in. of world tensions.
The
industry continues Defence spending can play a maintain production economy, and I some 1 part in the
CONCS exceeding the speculate that any previous week's output. nl ServerS
How- change in the survall
new ever, there were reports of Dew Lok
define deal resistance in some cases, Th stategy
would have a bulish Some abservers even anticipate eflect in the vem my
price reductons Sicel, copper and most offier | buying Jethargy, metuls, held by stockpiling and USED-CAR SITUATION
About aussible defence coders, are ex-
favourable sanger trends aspect of the Industry has liven i w later Usis your, to the opinion of the used-cat situation. Inven- the expe..
tories were held below the 30- Steel leaders convened at the day level April--for the Telephone annual meeting of the Amert- second successive month. Sales INDUSTRIALS
Cenient Steel Institute] have Improved, and stocks are Iron and Cit
STORES, ETC. 1.1 there was htte ikelihood ne higher than a year ago. Since
Dairy Was ster Make There
unles January, retail that current' curs have shown general conildence negotiations
wage, “ensonal pick-up and have been contract in the industry will be only
per cent below a 11 eenchid heft.
deadline year ago.
Inventories continued to cline in the first HIGHER STEEL PRICES?
higher pace than in the anal At the some Lime, there was
quarter 1953, according to th: | talk that steet prices might have Commer
Department, This 10 be raised if wage costs Ro
year's
Quarterly rate increased. up again, amidst predictions to 5,000 million, compared w th That the industry night operate 3,000 million in the last quarter
next month.
US
DEEW
ut levels up to 75
autumn. expreity 11
hovered around operation have
mark. the 70 per curt
"The
seven
the most
10
**
30 1038
future.
In
recently
Bank officials have investigated development projects j
Fast Africa and the Centru African Federation, both which have been provistonally carmurked as likely recipients of sterling loans.
Mr Black is planning a visit
to Africa next year to
New Zealand
To Float
£30m. Loan
the World Bank's plans with lion
the Governments concerned.
Auckland, May 31. The New Zealand Govern- discussment is to float a £30 mil- national devolopment loan in the form of a cash It is The Bank is also considering and conversion issue. loans Lo several Asian Common-the largest loan ever sought wealth
Including New Zealand.
INDIA AND CEYLON
LO
The terms of the loan rango talks from five to 20 years with an Interest rate of 34 per cent. the tier. The loan will offer a choice of investments 43 future
H. A. Butler, long-term Mr
IK Bank Best Asia INSURANCES
Union Underwriter
XD Lombard
Asta Nne
4.125
LRKS, ETC
1 What
61 €311⁄2
13.20
Provident
JORD
11,900
5000 12
Wireluck
to
LAND. ETC.
rates,
112
HK Hotel
#23
100 w
1.30
NK Land
WO G DG
34
30
06.30
Ilealty
1 SMJ
Shai Lond
1.25
ITTU FRIES
Trai
35 30 24.00 300 29.50
2000 or 23.00 with
countries, India, Ceylon and Malaya.
During his two-day visit
had Britain, Mr
Binck the Chancellor of
overcome
500 20.00
Star Ferry
125
cernin
2300 F 14.00 1500 14.20 C Light IN) 11.00 14,00 1000 a $1.90 Electric 28 10 29.10 200 er 28.80
2000 29,
1600 2010 1800 4 20. 20.10 2015 1,000 25.20
1200 7.50 1715
23.7023,90 1300 7 23.70
was always considering
1400
23.00
1500
23.00
But it preferred to direct
1000
23.BO
200
23.10
500 23.00
16 50
2010.40
new
0.03 141
of new marked
de- quarter at a
Practically, all of the
per cent of at 1033.
Current liquidation was in durable i
Sleet ventories and this farien
inues to brighten the business
production during the first six month of 1954 came to 36,700,- 000 tous-or six per cent more than the 1947-48 average.
far by US output so Steet milk is only 12 per cent below that of Russia's produc- tion in the whole 1953. Ste:1 lenders note a slight
in pick-up orders which some attribute to "hedge"
buying by car com- against pantes
the slight possibility of a strike in the in- di try
which
outlook.
con-
President Eisenhower has sald he believes the plle-up in inven- ies is the primary cause of the business dip.United Press.
the Bank's
дя
Light (0) 14.70 14.90 1001430 operations in the sterling arou, follows: for five years, maturing If is believed he asked Mr September 15, 1959 £100 рет
cent at Issitc 11 Butler to approve the purposes maturing for which the Bank is planning naturing September
ន បទ to sterling toan development
Wabaon.
MISCELLANEOUS
Yungive Youmali
40 6.50
142 300
141
Singapore Rubber
Market
Singapore, May 31.
The rubber market ruled very quiet at lower levels today with
limited trading.
Future closings were: No. 1 rubber pe 16. June 6215-02
July 4-12!
No 2 rubber per 1b. June 812-6 No. 3 rubber per ib. June 00-co No. 4 rubber per ib. June 89-60 Spot rubber unpated Blanket crepe
Singapore Share No. 1 de crepe
Market
the
Aust. Sept. Oct./Dec. Jan./Mar. Apr./Jung
016-62
countries.
Mr Black said the World Bank menns Invest-
of encouraging private ment in developing countrica pri-
Big Increase In
US Foreign Investments
Gov-
Washington, May 31. The United States ernment and its citizens have foreign investments totailing $36,500 million, an the second increase
since world war of $21,000 mil- lion, according to U.S. Com- merce Department.
рет
15, 1905
15 cent; maturing September 18,
£97 10s. per cent;
1909
years.
years, 20 years, myluring September 15, 1974 £97 per cent except for the five-year stock, which will yield £3 16s. per cent, approximate ylolds will be £3 10s, 6d. per cent
Subscription lists will clono The loan will bo on July 8. used principally for Anancing the Government's nations! development programme, in- cluding housing, schools, electric power schemes, land titvelopment, roads and rail- vrays. Chias Mail Special.
Liverpool Cotton Market
as
Liverpool, May 31.
Official prices for spot cotton
announced
today are, In
States amounting
pence per 1: Estyplan Giza 30, good/
fully/good. 43.76 nom, Egyptian Ashmoun), good!
fully/cood Frypilan Kamak, good/
hilly/rood their nations and Foreign
American middling, 18/10 citizens have investments in the
inch ........ United
to American strict low mid-
An million, $23,500
dling. Inch Increase war of 8,000 million Peruvian Tanguis fully since the
good, 1-3/10... dollars
Brazilian good, The large increase In US in- Indian and 32.00
41.30 nom.
49.10 nom,
13.35
30.50
40.38
Paulo,
www.
33.85 norm.
zined NT Bind Indian and Pakistan w.
ginned 4-T
AndPekining $5.00 note
roller-pinned NT ... 31.30 dom.
And Pakistan roller-guined or 30,88 nom.
GR-GO 73-73 United Press. LONDON MARKET
London, May 31. The rubber market was very quiet with No. 1 Rss spat quoted Singapore, May 31.
at 18-11/10
Jb. pence per The Indo-China crisis kept Prices: marks the last day for
No. 1 Rss spot 18%-184 tions and bids for the 27 Singapore share operators guess-
and weck synthetic og over the
Settlement house term:, Government - owned
1836-1024 will be volum: ef business was small as rubber plants
since 1940, 1834-1011 | vestments abroad The buyers and sellers continued to sold to private laterests,
1P2-19
Sald the Department
in a plants were built in 1942-43 at hold erntrary views,
In-105 The Straits Times market cor-
1914-10 monthly business survey, was Indian Final million. a cost of $500 This
*** | respondent said buyers general-
General markete, elf Basin, or about evenly divided between awords musi await Congres-
18÷102. the opinion June
private investment Indian additional sional approval, and indications seemed to be of
that the
18/10-18-9/16 and investment abroad in
the present situation in are that it might take some
18-0/10-18
form of credits by the US. months before the transfer is Indo-China would not improve Au
and might even get
Government and U.S. sub- International Cocanwhile.
ccriptions to the Fac Eastern ellers said the trouble might be confined to Indo-China, and
Bank and the Monetary Fund. growers of natural rubber are reported to be expecting a price at the wurst affect Thailand.
At the end of last year pri- closed today as follows:---- Tin was very stable and there in competitive synthetic
vate American foreign invest Oct/Nov. was only a range of five Malayan rubber when the plants aro
over Dec./Jan. ments amounted to just dollars between the highest of
London, May 31.
million
10,000 million Mer/Apr. The in market was steady $22,000 to be desirable, Thied by private companie $384,25 and the lowest price of
have leng criticised the US 3389.25 Last Monday.
បទ
more
than in 1940. Somo 90 May/June but quiet. Spot rose 4 points to price of 23 cents for syntheile The rubber market here last | 272415 and "three-menth wasper cent of the increase since quiet and steady-United Press. as "unrealistic" and have bron
week was stendier after tha
1040 was in direct investment up 3 points to £723%. urging
prlee
incrence totuotuations in price in the pre-
In pur- Turnover was 20 tons. of abroad, rather than stimulate demand for the natural vious two weeks caused by the which a tona were for cash.
foreign stocks chares of predu, Natural rubber prices have held just sightly below and about the synthetic levels
two-
Гог
pre
in recent months.
Meanwhile, two of America's industrial giants
told alock
in als both in diameter and The latest versions, the Venom It is also heated-from say, aerofoil shape) had adjustable N.F.3 and Sea Venom 21, in- 15°C outside to about 100°C as pitch. This enabled tests to be corporating all the Improve- soon as it passes the wafer-
wide range
which service experience of menta thin shock wave. This ull made over
hus with varying engine
powers,
bong essential for Western Пар
de weapons elevator and rudder
security today. and have In flections. Inside the ramjet, the air con
common to cul
oli enormous advant- It was also possible expand
again, thus slowing
soge in that they are immediate- aradi or more engines town still more and once more
study, performance in the case ly available for that purpose. Increasing in pressure. At the
Powered by the latest Ghost engine-fallure. end of the entry section of the
Power for the miniature of increased thrust and equipped the Alr Pagine
pressure!
controls, Improved flying electric motora
came straight roughly six times its frée
been new Venoms have
ater pressure, its speed is about 230 from the mains, but it was fed the
with
great a endowed through a a generator and
holders
that meetings
1054 tempora-
complicated control panel. They manoeuvrability at higher speeds
would mean bigger curnings and re- and altitudes, whilst were 3-phase motors, and so re- To sum up, this fast-flowing. quired throe wires to
feed the traditionally good low-speed hot air has been rammed into them, which were led into the handling qualities
O Co. (New Jersey), World's said they largest oil company, by its engine
forward model through the centre of from the Vampire--an Important
anles the air-and,
feature when,
set to exploit the hoped to
another what is more, it has already and the special wire suspension the aircraft must be capable of point. These ddy Kravity bean compressed, so there is no system which held the
slon moet modern Interception radar, record this year. if. need for a 'compressor
a way operation in weather conditions bad enough to ground gur forces n'decado ngʊ.
The D.H.110, which flew September 20, 1951,
Was by 1952, already in on September, advanced stage of flight deve
ft. per second, and is lure of the order of 200°C.
the
motion through
the ordinary gas turbine.
wires,
model
with tho only
as in in the wind tunnot-in
which does hot Interfero At this point, fuel is injected the airflow-weTE Into the system through an items which will not be on the array of fuel sprays. Immedi | Ufe-sized airliner.
ately
downstredia of this is a
ས
device aptly named the flame-
inherited
on
warze bul
Juty
Estate crepo, thick 241% nom.
thin 2136-21
United Press.
LONDON METAL
MARKETS
political situation in Indo-China, Closing prices in sterling per bonds.
The copper market in Singa-long ton were: pore last week was fairly steady
until the end of the week when there was a drop in price.... United Press.
better sales for them. Standard LONDON WOOL
TOPS
Near
Spot buyers
muller
3-month buyers
wellers
-month
Beat.
Sept
720
125
124
238
RTY
BOOT -Valued Preda.
POST-WAR LOANS
and
-United Press. COTTON FUTURES
Liverpool, May 31, Cotton futures, in pence per ib, and based on American middling cotton, 18/10 inch,
31.01
31.30
01.20
31.25
Markels The market tone wan
London Foreign
Exchange
New York Montreal Amsterdam blocked Mark the Hamburg
⚫ US Government post-war loans to foreign countries reach- “United Probe.
ed about $12,000 million by the LEAD AND ZINC
end of 1933., Additionally, London, May 31, Lead and zinc were fhm while U.S. Government had put nearly rela copper wax steady. Prices closed $3,600 million into the World lo
Paris the International Stockholm today in sterling per long ton Bank and as follows:-
Monetary Fund as its subscrip- Ziṛich London, May 31.
Buyers Sellerstion. * Wool tops futures market Copper spot
236 INCREASED DEMAND
Total Increased demand in the US closed barely steady. Turnover Lead and abroad, ranging from 2 to 7 was high at 110 lots. per echt above 1953 levels, was months were quiet but dfciant Zino Jue given as the reason for the months fell by as much an-140
or 2d. firm's
Expected good earnings
Closing prices Wire: this
year.
July The company, which with its out." amitato produces about 15 per oc cent of all the oil produced, re-Dec, fined and sold in the free world war. boost this Jour in expital Invest- July) menia which in 1953 came to about $509 million, in addition
holder. This is n grid- which The do Havilland Venom lopment and has been selected croates a turbulence in the air | Night fighter and the Sea. Venom for further development – an Atream which literally holds the have been chown to carry on our frat transonia naval fighter. fame. from being blown down Important responsibility, for Work to prepare the very scheduled; a 10 per cent r
Britain's air, strength" in their powerful radar Interceptor. "for The effect of 'burning fuot is two categories unill such time this role continues "Fat < full to Uberate onérgy which at as the next generation of high=| prosduro.
the tube.
ZURICIL US Investments In New York. Western European countries and London thoir
Inbreased dependencies
Caro from 10.000 million in 1948 to Argentina
1053. million: In $14,000
Canada Investments In
rose
Exchange Rates from just over 38,800 milion
London, May 1,
281-18/16.5.81Tg=
3.784
10.82%
12-1/16-131 31.747-11.75 140.48-140.50
20.01.20.01
-Unite EXCHANGE Kurión. May
United
[US MARKETS
A CLOSED-NE
Dustom was done in the local 1940 to out $8,750 million
* New York" MÁY BA unoticial exchange market, this in 1943 movning at the following rates!--
U.S. Investments In Lalin
Ail financial and commodity 2.0. dollar, open, $1)”
America went up from $4,250 markets in the United States "to "$8,000 jiwore' closed today in obsérvanco 35,00 | vltion In 1040
million in 1953 -China Mall of Memorial Day, United
Speciati
Press,
6.T1
Biertine noteus (par: 21) JAY
1
{Indorikalu
ruplar met per 100)
do-China Dimetres (per 100)
•
No comments yet.
Private notes are available after approval.