Page
CHINA MAIL BOOK REVIEWS
THE CHINA MAIL, THURSDAY, JUNE 10, 1954.
TRADE
ABADAN MAY NEVER
Under The Magnifying BE THE SAME
A
"The Burning Glass," son at the London Apbilo, Muc- By
published by Play
Charles! How
Millar & Co. Ltd, London Morgan (MacMillan & 6) is lees intensely Co. Ltd. London, 9/6). dramatic than his "River
PUBME
Line".
J Jal hom any
Mr Charles Morgan's
isplay set In the future greatest contributing to the bar at the utility and stage is that he can weave jadem F M Morgan's views. threatenval by that humanity. of sociad at ther quence into a thrilling and it change differen, not only in gripping drama
this thoge that it has under case, complete with se rel * mun became disilnet from
ARTIC Help fresing weapons, ples, tobviou..yo!
that a 1erpár have grown a Russian) and disappearing
31 1 Sceptical scientista.
3-viet/mes
Certainly the sture chooses in pour certain vitad
nfect question which
Glass
Tekeran, June 9.
The giant British-built dll refinery at Abadan in the Persian Gulf which Doctor Mohammed arresting and one that demands Mossadegh nationalised in 1951 may never regain
hits former stature.
close
fact, attention. In
play offers An encouraging International oil company representatives have warned the Government that such big re- fineries have become out of date.
message of hope and sanity that sometime, this year, next
year, ten, 20 or
yetur perhaps 50 hence-bul certainly, inevitably the selentifle monstrositles we are creating today
WLIE have midda the their reaction of men who will recoil in horror their at the cyll uses to which discoveries are being put. (For For
whe the Hydrogen
Bot
was the bastard offshoot of
WN energy which henelet to mankind, and the Borning Glas evolved out of such a harmless idea as wrather
me Trally these adventures int
have Latten
21
..
writer
syber
Wen retts pine phantasy, os ernient satires
wellate 1 140 Anong
and may even dominate our future is topic and one which will appeal to * far wider audience than the esoteric few who will A and Orwelt's ID
them to his of the tatter that more concerted
neve te kattad inmediately).
with
basic moral issues which are involved.
As a play, "The Burning Glass" (which hus
1
who
קו
control)
Mi Morgan even believes that this regetion has already begun. Hut of the play itself: who has not. nt some time, turned
magnifying glare in
COMMERCE SECTION
Rolls Royce Debenture Issue Plans
London, June 9.. Rolls Royco propune 10 Inte £4,000,000 in four per sent dabenture flock £1674-86) at 99 per cent të meet intre, working Must- ial and captial expenditure
suerhaldery smittestlerin for debettiren will be siren special esnaiderstkan Aboarding to the mandal report, moord grade lara- aver Int 1952 arose
fram EXPANSION IN att branches, but particularly in the air- erati engine seeston,--Chiga Mall Special,
Will Australia
Cut Her
Wheat Prices?
Melbourne, June 9.
Australia will not fix a new export price for her wheat until reaction to the Canadian and United States price cuts is clear ---- probably in a week the Chairman of the Australian Wheat Board, Sir John Teasdale, said tonight.
Sir John had said earlier today that Austra- Han wheat prices would have to follow those of Argentina, whose similar soft wheat had been
HONGKONG getting cheaper recently.
STOCK EXCHANGE
is not to bo
Ono authority suggests it will
The Australian Wheat world economy Board met tonight to discuss upset,
cents price, cuts inke two or three years to get the 10 made by Canada and the rid of the Burplus American United States at the week- stocks. He suld that even if end.
grain were given away freely. of it would not be a solution 1h0 problem ior would it materially reduce the present surpluses.
for
Although Abadan's output fell to a trickle after the Persians took over from British engineers in 1951, the frantian Government had hoped for a return to peak output under an oil settlement with the West.
Clearly, for them, the centrate enořinous, refiting rés Atomic prospect of Abadan idling sources in cde vulnerable spot, The new fashian' in the off be salong #tult speed is a clas
world is to diaperto relining agreeable one. In various capacity in "sato" places next complaxes ways the livelihood of 250,- door to industria ond people, the population and close behind the bases of and air fleets of the Abadan
armies. oll town,
which, without
int oll, are
In London ask depends upon the refinery. potent
(From Out Correspondent) the International Wheat Coun- Striking At least 40,000 Persians aro
poster in war and
bi said there was "athing to the industriel might in peace rely
Bitsinesy
member countries from directly employed inside
on the Stock Ex-b” oll refining capacity.
change this morning amounted raising the question of increased
wheat States plant. Finding jobs for laid-off upon
oll
$160,005, Neon oll workere la a predominantly Crude
quotations United
subsidies or Canadian reductions In agricultural rountry, like Iran, abundant widely-spaced and the morning's dealings:
in export prices at next week's of paper? Mi Morgan has ayudert to hate in a piece of
nul world regions. At present there will be difficult, although Terriford,
London. SHARES DUYENS SELLERS JALKS meeting Christopher
is more than the world could
The spokesman said the meet- research impossible. of charge of a polvate pix
use for
BANKS more than 200 years
IK Bank
ing was one of two routhic meet- unit lovestigating weather con
Almost every year new held
ings held
annually under the principle in trol.
this axes
vil pré- INSURANCES
constitution. are discovered. Ertide
Important "busi- "Machine #whdel, by chance,
sents no problēm.
dis- ness matters would ba one cay gives him tremendous
cussed and these subjects were of control
and man-
of major importance to the in- pulation of the sun's rays.
dustry. They could be raised He
thai realises
with this
under the head "other busines". machine hat can bring tremend-
The meeting will take place by In the earth benent
between June 16 and 23 and the weather 10
the controlling
from
☆
}
just
Thrue "sclerols" however The
wrent problem ne
power over Naturr
is
finished a four-mwath ANT
A Shrew To Be Tamed
(Keith
Katharina (Brabara Jefford) and Petruchlo Michell) in last week's production of Shakespeare's “Tamint of the Shrew" at the Memorial Theatre, Stratford-on-Avon. 'The picture was taken during the dress rehearsal,
James Joyce's "Ulysses"
As A Cantata
Passages of James Joyce's novel, "Ulysses" have been put to music in the form of a cantata, The London Philharmonic Orchestra gave the first performance of this new work by Matyas Seiber at the Royal Festival Hall recently.
such a
way ng to concentrate the sun's Frys at is focus and burn a
DGWCEN
148
man's advantag But he
in
Apart from this, oll revenues would be less. Refined oll fetches a much higher price than crude in world markets,
when Only three years ago. Britain's Anglo-Iranian Com- pany ran the local oil industry, Abadan fined oil at the rate of 25,000,900 tons a year. It was the biggest refining unit in the world. spon reduce world's
he can also discovers
of the arens 3iu!" t*
In short, surface to ashes.
ht
ON A MUD-BANK
not only
resources
10
are
Urato
SHIPPING
Asia Nay
DOKS, ETC.
K. Whart Provident (0) Wheelock
1833 1050 10 1045
UNG
1.123
*
2000 1170 4.80 0.00 2000 me 0.3
D
LAND. ETC. NK Hotel
Ko
Ris
17.10 17.40
THE BOTTLENECK The bottleneck, a costly one cash but also in skilled manpower, is the tc- doing Process.
It showed World War Hrrain's and Europes chronie Inck of reflheries. While arities flcets thirsted for and ar Warding off hostile tribesmen millions of gallons daily on the has discover.d something more
on the one hand and ging battlefields, lankers had terrible
Atomic or than the
disease, vicious heat and great cross the Atlantic bringing high Hydrogen bomb and a destruc-
waterless distances on the other, and ensier
octane aviation and vehicle live
JAWCr
British engineers over 40 years fuel from United States
re- cheaper to produce
erected the £500,000,000 plant fineries. this What is he to do with
the Follow
on a shifting mud-bank in 111 cw-found
Powert
estuary of the Shalt ul Arab custom and write a paper an
river. for disseminu-
They had to sink con- bis discoveries
con crete piles deep into the of all muddy to support the weight disilileries and pumping plants, Running up into the Persian Gull, the first sight of land for are the towering many ships pencil-thin silvery towers Abadan. Inland Travellers enn right them 40 miles off, across
icagues of sanch
15
tion among the sclentile world, or by same means preserve tho Invention for peaceful beneficial purposes but refuse it for war?
★
Anal Ifis
decision can be summarized in this way: "Can- Ane it within strict boundaries and allow its use only as tho
militant answer totalitarianism because it that # power previals ail the good in life is gone".
This is the dilemme:
to
young scientist's
feel amort a different being with that inviistrous powere over nature in my hands. Seeney h neve gel kept back its knowledge. If it comes to that, mankind hu never rejseted power. We havd always rald: 'Ah, but this, power bus beneficent uses as well. Let's
for S We have sate: We are unit for it. The tire may have come to say thai." And ils justification for his
Bol decision:
never
"Who for a moment believes that atomic energy, or the Burning Glas, is myth ag else than a mont- trous gadget? No one believes any mere that these things are the nulvittun of the world. And they
did when H.
Weils wont 0 bicycling. That in the revolution, History moves in phases. The time may come has come, perhaps in which science will be seen Egan as what it: a Kourbe of wladen, not of power like music and poetry, a reading of mature, not her slave-driver. Isn't Jt possible that the whole era of Power for Power's see is near ite end? I will do nothing to prolong
- long as the decision with me alone."
soil
But today sheer
ak
While enemy forces menaced the southern sea routes, Abadan was of little use to Europe. the leseni tren. After the war The big off companies learnt
they began building many może, but smaller refineries in strate- gically cod politically safer areas. If one is lost, through whatever cause, the others can make good Che gap.
Up-to-date refineries are being bullt now in Aden, Australia. size is not India, Pakistan and the Far East.
Humptures
UTILITIES
Tran
Star Ferry CLAN (0)
< Light (N)
Electrio
Telephone
INDUSTRIALS
Cernent STORES, ETC.
Batry
Watson
700 8.10 2200 1 5 10
54 33a 20
COTTONS
Textile Corp MISCELLANEOUS
faristete Yakmali Allied
2
12件
3414.40
11 11.30 28
24.90
17.70
233
export
49
Small quantities have cready been given away to Bolivia and
Jordan, but these are a "drop in the bucket compared with the stocks,
13
General opinion is that there will not be any wild price war. All authorities are in close con- sultation on the orderly disposal of stocks and every effort to be made to
keep the ition in cheek. Meanwhile the London whent market is marking time. Buyers are covering only their Immediate requirements
shipment
and not disposed to enter into
Creare expected † any big commitments until the
member
to be present. member
altuation is more stable, Britnin is not
Canadian wheat for carly the International 01 Whent Couneli, and does not shipment was badler today at
£28-10-0 per
long ton 211
500 25 30 Bubscribe to the International United Kingdom ports, follow-
1000 23.10 Wheat Agreement.
3300420
3.70 3,771 1000
31%
of
yesterday's reduction
Australian wheat
International Agreement has not been a great 277-per ton
Only thrde was also unchanged at the old success this year.
rate of £20-17-8 per ion, while small importing countries have taken their agreed ausins of River Plate was quoted at £25 diver ton for June/July ship- Imports. All the remaining
countries are seriously behind mentRouter, In their purchasing programmes, according to the latest figures, and almost ball the whoal locations remain to be taken up by the importing countries. COULD INSIST
The Infest figured indicate that only 5,687,347 metric tons of wheat have been purchased
wanted. It is even dangerous. Smet the war several have also New York Cotton by the 43 Ipporting, countries
It is regarded as a peril to con- gone up in Britain and Europe.
Refinery's Inefficiency
The largest under construc- tion, at Aden, can put out only 4,000,000 tons a year compared with Abadian's peak of 26,000,000. Aden refinery will be ready by the end of 1954. Australia will have hers working by the end of 1955.
There will do much of the Joi which Abadan used to do.
Market
US Shares Stage
A Recovery
this sensoh. The total allocated tu importing countries Wa
New York, June 9. 10,592,000 tons.
Rall and aircraft stocks New York, June 9.
The four exporting countries led a recovery in the mar Minor price changes accom- under the agreement-Australia, There are other reasons why big panted another slow trade in Canada, France and the United ket, late today after prices
States-could international oil companies are cotton futures today.
If they wished had fallen a further $1 a unwilling to buy all the refinel
Business came to standstill forte the issue and insist on share on average earlier in oil which Abadan can put out. during frequent long intervals the importing enuntries taking the session. while traders watched the stock their agreed
tho CÖSTLIER, RISKIER
quotas at
Trading was only m'derately 155 cents minimum price of Refined oil,
Its high market trend and discussed the with
per bushel for Canadian No. 1 active, to alling 2,300,000 shares textile market Northern
for the session, compared with flashpoint, is costlier, riskier to foreign political picture.
Manitoba wheat ex- Crop nows, ship, Freight charges, Insurance developments, export and spot store, Fort William.
2,540,000 yesterday wheri two rates, canai tolls, port dites and market news had little influenco Observers in close touch with periods of heavy selling forced jettyside handling all amount to
down In, its worst tore in cash,
break
post-korea dealers said.
on a general move is unlikely NEW YORK PRICES
Lalo in the Prices of cotton futures closed scale because it would not only session on June 20, 1950,
countries
day, alrefafts good volume · might casily place indstrengthened on today in US cents per lb. aa mbarrass
other Wheat and bolstered
groups. International follows:
et Aircraft gaine the close Spot
34123.25 Agreement in jeopardy. July
The wheat industry is under cach In Boeing, $434, up 14;
more than ranged to
a point October Iran's counter arguments fulst December
going period of considerabló
$08, up 16; North Big stocks Were Douglas, readjustment.
Aviation, $90, American built up by importing countries |
No Anal decision has been
Singapore Rubber taken on Abadan. This hangs on
Market
Singapore, June 9.
the cutcome of the Teherans of tulka which began in Teheran ju April.
point
in shaping market sentiment, the situation believe that this the market
alnce the
out
MAY in October
July
The market opened steady on be studied. For example, the March oversens
Sellers Iranian negotiators acceptances, for lower grades were reserved. that labour costs are less
closed quiet but their coinfty than in the United The market rest
the undertone was good. Future States or in Europe. According
pre
These views até obviously also the views of Mr Morgar but perhaps the basic underlying question is one that we aware of throughout the play: In the absence of any COT-
spiritual qualities
or
of his
responding development of his political wisdomh, are not the human personality and stricture by this vast, one-sided increase
☆
of society thrown out of balance
of materialistic power?
All this is fought out in a personal drama of high suspense. Not only has Christopher Terri- or ford to contend with a naturally
The work is based on and his tonal picture that semu- passages selected from the thing of compassion is elirred in last chapter of "Ulysses" on behalf of a world and
period of and includes these excerpts: such a conception, musical
elvilisation in which "What spectacle confronted other, has any apiness er mean- anxious Prime Minister at home, them when they, Arst the host. ing whatsoever.
but also enemies from abroad then the guest. emerged Sciber is saying or rather he who also seek the power of the silently doubly dark, from is feeling something; he is het Burning Glass (for peaceful, obscurity by a passage...the one of the
contemporary beneficial purposes?) heaventree of stars hung with adolescents playing about with
nightblue druit....
patterns and putting together a of evolution
in musical Meccano eet. It was a Morgan, entitled "On Foster vasi: of the moon relief to invisible in incipient junation which plainly came
listen to a new woric Over Nature which is essential 10 the understanding of the approaching pedigree: of the mature man not afraid to be problems involved.
humid mediations
from
infinite lattigineus scintillating himself, absorbed in his theme. uncondensed Milky Way". Mr Neville Cardus, muule critic
says
Joyte
power
of the work: "Selber sets
often with
remarkable
of imagination, using a sort of musical onomatopoeia: decy creeping bass tones, to
suggest a
Book News
The play in its p
contains r long
prices:
to them, the
oll American worker gets paid 9,700 dollars
34.300
34.14
30.10
33.33
United Proks.
but
whole
a
member
קט
the rafts, Arm all day, extended to 194
64-641 (about £1,230 sterling) a year: New York Surecognised markets before the day, 589 were lower, 328 higher
74
8436-0435 DE C* 5312-63 0132-63 63-643
the Persian oll worker ohly 201 dollars (£100 sterling).
Market
No. 1 rubber per ib. June July Aug. No. 2 rubber per 1b. Juese No, 3
New York, Jutle, 9. Against this must be weighed Spot rubber unbaled
World No. 4 sugar futures Blanket crepe
inefficiency. Abadan's relative 741-79% Unlike modern refineries bullt closed today unchanged to ge No. 1 pale érepa
United Press,
197 since the war It produces none point lower with sales of
contracts. of the oil by-products which go NEW YORK MARKET
*
4
00:01
Con-
The
the
during the Korean war. More In aver crops in all the malo grow anal, gaina ing treas during the post-war
MMAN | points. years have been very favourable, "NORMAL REACTION Importing countries which were
Out of 1,195 Issues traded to- war have been increasing their with 22 at new lows for the year bwn agricultural production in
or jonger an attempt to regain ecorionic
Wall Street say yesterday'a stability.
break as a normal reactions afir months rise
of almost continuous
ARGENTINA'S POSITION
OVAT- factors have
Many félt it would serve to the world wheat lower prices to a level whera
There
to manufacture plastics and Domestie No. 6 sugár fuiurét New York, June 9.
rubber. It burns more crudo closed 1 point lower to 1 polht shadowed Rubber futures closed today oll in the refining process than higher with sales of 436 col-ituation and cuts in price and new demand might develop to excessive stocks have come to be push the list to further new to 25
tracts. 5 points lower
points inter plants.
Scattered selling with thetegarded as inevitable.
peaker, although most thought higher with sales of 40
advance would not be a Argentina - not g member Abadan lower raw market upset tracts.
£6,000,000 entalylle cracker, which "cracks world contract slightly. A of the Council has fared-bots rapid one.
The NY Stock Exchange bond Exchanging of July con- oll molecules under pressure and mixed trade develobed in the ter than the other main ex-
nok volume was $3,285,00D. tracts for phyaleal rubber
she has porters because ac-siphons tebm off at different domestic contract,
The American Stock Exchange counted for about one-quarter levels in different grades, 18}
Pressure of nearby Philippine been hindered by price support volume was 450,000 smires.
an increasing programmes and on the already out-of-date, although it sugars upset the domicalle. raw
Dow Junes closing averages of the business dono
tvar not installed until 1951. markel. Future closings:
trade has been passing recently terminal market.
Contract No. 4: (world) Spot No. 1 Ras sold at 22
Even if thousanide at Iranian daly tented pound. Prices of futures workers are dismissed, alternu-September closed as follows:
tys. employment can be created, January sidd with the aid of foreign technical March
May 2766 assistance and capital,
Spot teenie per lb, foù Cuba)
Contruct No. 8. July
by Mr
July
Sept. Dec, Mar. May
July
tod Pre
LONDON COLD MARKET
MONUMENT TO SKILL
October
The dat, parched all province September of Khuzistin could, according to November Briligit enginbera hère, be turn-May ed info fertile, arca
irrigation,
期
March by July
September
(rents per ¡bz, elt
of
Mr Morgan, it would seem, Ulysses is a work of much would deny the underprivilege of the "Manchester Guardian", impressiveness at first hearing." parts of the world the sunshine
-R.G.H.
it longs for. I end my review obscrvation by Mr this with Ivor Brown of, the London
Such strongly die- (who "Obscrver"
scheme would take pot M***Morgan's with
bring into being and The China Mall has received agrees
the fest made after
thousandi would requles seminal vold, hollow the following books which wit views)
London, June 9.
semi-skilled labourers familiar workiwind suspensions to suggest bo reviewed In subsequent night of the play in February:
Arigihon wave of gold buying Infinity, and so on.
"The liming of the first bit wept the bullion market this Men from Abadan could be
with pumping techniques, weeks: "go Impressive
Westward Ho... with the Zal-
morning and lifted the market | W
thim; Jack. atmosphere of cosmic futility in batrów) By Professor flann other rise in the price
hostcome: In Seibers cantata, so apt his in- Fellerson (MacMILAN & Co. and the hearing ok Xir
words-wan interupted, by the 11-sence at the Exing plater the
Abadan, withough out, demand lifted the price. strumental colour and diction to itd., 81/-), .
Maty Anne, Daphne Du tristetent coughine is often a 349rling
ThodeJS kayyurwittig moving go with the words.If the
carrit were
far Maurier's incest novel (Vietor poloned Londoners,7-1,
122996, MEN FOR Zakitha tinɑ“tơ remalo a monument, to Britian progress enough, nought nowhere was Golinues, 12/43.219924444 meraty. Dippant to mention
help the marker out with sup-|akül and perseverdisce Chand ever reached,
Borderline, a novel by Vérests in a singulárved at ao cogently does
HUTCHEON
piles-United: Prest.
Melt ShockaH the composer make his points (MacMillan & Co, Ltd., 11/6).
thol
anhappily coinehira .. VAIPéles and penny to 245 shiLLEGE BEWhatevah :: thi
*40
3.30
at prices below those of other were
30 indusdetate be alene 1 tiles
20. mall, w
68 socia
major producing areas.
Ha As a result, in returning erfaller carry-40 borde
over this year. She may be Comm. Cuture gries fjenden forced to lower her export
prices to keep her grip on her
United Pres
present export markets but London Foreign
tradors feel.
thi
reduction
Exchange
NOW TUIK
5.73 might not be made immediately Bam Much depends on the
Australian decision on her ex- mport prices.
Staler hold hough the th
enormous slocks, of ali niccked, kark grains and particularly wheat, | Hafshtiril Informed quarters cannot const | Capella |reat the prosent increste in, ihr Stockholm
unlood supplied at det intention to
→Valted Prém
Exchange Rates sport subsidy vlly any general cats wat te
nomcial y exchang morning, at the following rates
Jingapore - (Strmite)
State
fraders, the Unkost
u have
vivid, recollections
London, June 9.
2013 "270"
1043)
“United Breda, ``. NEW YORK-KKOHANGBA
New York June 911
of the 120 nude to all the in to th sesponsible authorities are coping steder taburajua vinced that disposal of stocks Admis
Bouth Africa
must be on an orderly basis.
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