1954-07-14 — Page 9

The

Percival Jet Provost

An Impression of the Percival Jet Provost development two seat side-by-side baslo trainer powered by the long-life Armstrong Siddeley Viper If turbo-jet engines-Percival Aircraft Ltd Photo.

THE CHINA MAIL, WEDNESDAY, JULY 14, 1954.

BRAZIL AIRLINE PRESIDENT HAS FAITH IN COMET

Falth in the future of the Comer has been expressed by the President of Pan Air do Branil. He said that his company will certainly use the Mark II on their international routes. In the meaulime the Royal Aircraft Establishment at Farnborough is making food progress with the examination of the Comet I. The

hopes Attorney-General

that the Inquiry into the two Comet socidents will take place before the end of October.

The Jet Provost, the world's first jet basić "training aircraft," built by Hunting Per- elval, han completed its first flights, A completely new design of brake has been fitted to the Prouosi.

Dr Paulo Santio, President of Pan Air do Brasil, the well-known transatlantic airline, who was in England last week, visited "Hat- field on July 5 and spent some time at the de Havilland works in con- nection with Comet matters. The Comer 2 is

far been shown likely to dispel | aircraft, Hence more tours can Minister be put in on the basic trainer, the hope which the hat expressed a short time ago which is much cheaper than its that the manufacture of these advanced counterpart. planes might perhaps be sued before long.

the type of aircraft these

The Jet Provost is fitted with toe-operated brakes of a new desig Since 1951, all British Service aircraft have had to be fitted with toe-operated brakte controls, instead of the older

foot-operated type. Palmer Typres of London have pro chuped the brake for the new trainer.

The Minister: "First of all, dealing with how long these in- vestigationя will continue, I think my answer must be that I am hopeful that it will not be

many 2 many weeks more; how

weeks I am not prepared to say. As I explained in my reply. Investigations are still which Pan Air do Brasil going on and I would, therefore, has ordered for their prefer not to speculate in services between Brasil,way about the result which may with representatives of plints in emerge; but I can state that order to discover their prefer. Europe and the Middle nothing

and the special featurea happened

desirable for operational eff- nothing hus

which celency. emerged makes me more pessimistic made with a de Havilland test less optimistic than I have

East.

After test flight which he

has

any

and

OF

ex

од

Any

The Attorney-General said reply to a question asking if he was able to give the dale

in

un

crew, headed by John Cunning-pressed myself to be ham. Dr Santio remarked "My previous occasion." confidence in these aircraft has never wavered. This flight 16- day In the Mark 2 Comet merely conieros that faith."

1 In that

The Comet 2 differs from the which

the inquiries will open earlier Maric

Into two Comet accidents: carries 8 more passengers (44 in all), has 500 miles more "Certainly by the end of Octo- range, and has an all-up weight ber at the intest, and if possible, 15,000 lb. greater than the older aircraft. The engines of the Mark 2 are Rolls-Royce Avons whereas the Mark 1 was power- by the smaller de Havilland cd Ghost.

STATEMENT

earlier."

At the end of June the initial flights took place of the world's first basic training' jet aircraft. This is the Jet Provost, built by Hunting Percival.

of

The first stage was to consult

ENCES,

Then

a

ANDA

brake unit developed consisting

of rudder pedals, brake pedals, and con- trols, to be interchangeable with the standard S.B.A.C. type of rudder pedals,

TRADE

COMMERCE SECTION

S. Africa Will Chinese Asked

Increase Rail

11

And Road Rates

same

Johannesburg, July 13.

New rates published by the South African Railways show passenger fares, parcel rates, road motor, transport tariffs and goods rates will be increased, in some cases steeply, from August 1. In future, all commodities, whether of South African origin or imported, will be classified under the

tariff conditions, thus eliminating previous differentiation in favotir of Union goods.

Basio foodstuffs, which due to a big drop in our earn- hitherto were conveyed at half |ings of foreign currency,"

sald. rates, will in future cost con- eiderably more. Maize, wheat,

Increases of up to 100 beans.

kaffir corn and lucerne cent in the rate from Johannes- have been reclassified under a

burg to Mafeking would cul new tariff which means an in- exports to the Rhodesla and the crease in railsge from 280 to Belgian Congo by half. Machin- 461 pence per ton

ery and a wide range of other goods for expont shipped through Durban would

the present rall

he

per

pay rate

Foodstuffe will have to pay up to 25 per cent more while the Increase in

the rate on petrol double may mean an increase of one from the Witwatersrand to the half permy per gallon to motor-const, which would kill most of South Africa's export trade with East Africa and further afield.

The Exporters' Association

ista.

STEEL KATE

iron

The rate on steel and manufactured goods has been doubled. Agricultural machinery rates are also about doubled although imported articles will be transported at a lower rate. Increased rates are also ap- plicable to imported timber and paints, The tariff for export fruit has been increased by Around 12 per cent,

has asked the Minister of Transport, Mr Paul Sauer, meet

a deputation to discuss reducing export tariffs,--Chino Mail Special,

THE COTTON

MARKETS

New York, July 13.

The director · "of the South Africa Exporters' Association. Mr Bertram Keene, sold

that South Africa, would cease to be Cotton futures today opened an exporter of any consequence higher and hovered above the of manufactured goods it now previous close for the rest of railway rating tariffs, 'due to the day. operate from August 1. not drastically amended.

UPSET BALANCE

жете

"Any serious fall in our ex- ports will result in the upsetting of our balance of trade position

Formosan

Fertiliser

Purchases

Tokyo, July 13. The President of a Japanese Fertiliser Association today pre- dicted that Formosa would pur- chase 280.000 tons of ammonium sulphate fertiliser this year.

Aikdhiro Fujiyama, president of the Ammonium Sulphate In- dustry Association returned here on Sunday with six other repre- sentatives after signing a new contract in Talpel

Trading moved at a quiet❘ pace with neither buyers nor sellers inclined toward aggres- siveness pending crep news and Washington developments farm legislation.

To Co-operate

Manila, July 149

to

The Labour Becretary, Bir Elmutério devoso, Lust night appeated Chinese businesmen here voluntary opptp/lanee with labour law to avoid any unpleasantnek, ******

Addressingsge represents-

för

In the -Philippines, as Mr AderoEG urged them not to wait for the Government to: ture powers to compel obedience In the

Implementation of labour mènacion, 407

He explained that under Provision of the nation- allation law, the convie tion of an allen retaller for violation of any labour Law automatically subjects him to revocation Hence,

American Mercury Dealers Puzzled

By Govt Offer

as

New York, July 19. Dealers in mercury, were openly puzzled fo how the United States will obtain the 200,000 flasks of domestic and Mexican mercury required by its three-year stockpiling programme.

il

According to the Wall Street Journal the government decision to pay a celling price of 225 a 76-pound flask for its contemplated purchases backgrounded skepticism of local quicksilver dealers since the liquld metal is now worth about 280 per flask. of his

However, Mr Adevoro

declared that the Labour Department would use the bludgeon only where necessary and with In- telligent care. Franco- Pressc.

HONGKONG STOCK EXCHANGE

(From Our Correspondent)

These dealers, it was

said, felt that the Government an- nouncement would either prove futile and Ineffectual br else help lighten an already ex- tremely tight situatio

A spokesman for the General Services Adminstration, buying agency for the cfice of Defence Mobilisation, termed the decision to buy mercury,"realistic” for both domestic and Mexican

| production, expecting that U.S. production will be boosted con- siderably.

"

PRODUCTION

U.S. mercury

production

نا

NEW YORK

STOCK MARKET

New York, July 18. Stocks moved irregularly

in fairly active trading to- day with some recent lead-

now about 14,000 to 15,000 flasks era off on realising. and annually. Mexican production other new groups and issues Is at an annual rate of around coming in for their share of 15,000 flasks, On three-year attention.

basis, that would mean a pro-

Busines done on the Hong-duction potential of about 90,000 kong Stock Exchange this flasks, far short of the Govern morning amounted to $246,770. ment plans for buying 200,000 Noon quotations and the morn- flasks ing's transactions:

SHARES BUYERS SELLERS SALES DANKS

НК Bank

1700 1710

1710

East Asia

INSURANCES

Unloo

643 870 Lambard Underwriters 6.00 0.00 300 12

SHIPPING

on

Waterboat

19

0.80

Whart Dock

1000 10 Provident (0) 12,40 12,50 300 ja 1215 S'hal Dock

1.00 Wheelock 7.20 1.30 400 KỤ 1,30

1500 G 7!

At the close, a sudden spurt DOCKS, ETC. of covering in the nearby July delivery lifted prices to the day's best levels. The July contract will go off the board in the noon hour tomorrow.

Final prices up 8 to 27 points. The market off 4 to up 5 points. New Orleans closed up 6 to 14 points.

Some disappointment

nows apparent with

that the Senate could not reach the farm

LAND, ETC.

HK Hotel

HK Land S'hai Land Humphreys Realty

4.00 -3 5550 G9 8.25

.. 5855 69 100 09

1,40

18 10

2.00

was

UTILITIES

Tram

Star Ferry...

to

100 19.10

Youmat Ferry ji 140

C. Laat (0) 15.70

C. Light (N) 13.70 13.10 300

Telephone ..2011 20.00

INDUSTRIALS

to

Rall shares, which took over leadership from industrials lata yesterday, finished in new high ground since Oct. 10, 1830 al- U.S. Industry is now consum- though they held only a part of

their carly wide gains. ing quicksilver at an annual rate: of about 52,000 flasks, supplied The day's features were in part by domestic production diverse. and imports from Yugoslavia, Canada, Italy, Japan and Spain.

Cement stocks and issues of

American mercury production | manufacturers of earth moving In 1953 totalled about 17,000 equipment were higher, tons. Total world production last year was about 160,000 tons.

-United Press,

Equipment rose on

President Eisenhower's suggestion for ព nation-wide road building pro- gramme in his messago to the conference.

governors'

World Rubber Alph

After

Markets

Singapore, July 13.

Portland Cement gained 2% points, Lehigh Port- land 2 points. In the earth movers, Bucyrus Erle rost 14%.

Deep Rock Oil, a recent strong feature, ran up a point in early dealings following announcemest opening steadies on that General American On Is

the market

overacas advices

eased early in the afternoon seeking to buy some of the Doep 10.70 because of little trade and-fac-Rock properiles for cash and Electric 31 1400215 toy support, but operators were stock totalling around $27,000,- 000. It subsequently moved A both on profit-taking, closing no real selling down 1% points,

Macao Elec. 11

hesitant.

There

WOR

Cement 20.00 zł 1500 m 20.80 pressure. Future closings: Rope

No. 1 rubber per 1b. July 12/12/

· Alg. 711 1 Begi No. 2 rubber por h. Tuy 100

18.40

Dalry 75.10.2020 1704 @ 25.30 Watson"

..., 10.00 17.10

measure before next weck. Traders expected the debate open on Thursday.

Crop news was mixed, it was mostly

but som: favourable, easiness appeared to be develop- ing because of hot dry weather over big producing sections, STORES, ETC. with attendant complaints about stunted growth and

shedding. the However,

government weekly

sold cotton summary

Textile Corp. 7.30 7.40 up generally has been

holding

are MISCELLANEOUS well. Local crop experts

the hot dry not worried over

Yangtze weather, shedding and normal seasonal conditions unless they became prolongod.

Trading volumes and open in- Exchange today terests in the

The contract calls for Japan to Soon the prototype units were

export to Formosa 250,000 tons produced and flight-tested. Im-

of fertiliser with a 15 per cent provements were incorporated, leeway either up or down, and now news has been received that the brakes

Price for the fertiliser was wert: of the Jet Provost are satisfactory In $58.40 per ton, FOB, $1.00 higher Month

than the export price last year. operation.

The brake la do- signed so that the pilot has an feel of the Instarit, accurate amount of pressure which he is This is on important Applying. and much appreciated feature.

Pilots who in the past have been most strongly opposed to toe-operated brakes are now [being] won over by their experience with this type of control.

SILENCE ROOM

Duncan Sandys, Minister of Supply, made a statement in the House of Commons on Monday July 5, in the course of which

It has been designed as an he said: "The technical examin-

ab initio trainer, to give pilots ation of the Comet by

the experience

Jet

The "Silence Room" test is n Royal Aircraft Establishment at characteristics from the

handling

very vital part of the inspection of Farnborough, is making

Britain'o good beginning of their flying care. some of

newest jet The wreckage progress,

the Armstrong fighters before they leave the covered

ered from the sea near Elba The tagine is

flow factory. has been most thoroughly

In this sound-proofed room, and been carried The design is based on that in which it is possible to hear subjected to A "shake and out on the Comet aircraft with- of the platon-engined Provost, a pin drop, many vital parts are

ratllo" test. drawn from service. 18- / which is the standard trainer of

examined; and

how

an extensive Jeey Viper, an axial

programme of trial flights experiments

has

motor.

LONDON METAL

PRICES

STIC

L Crawford 23.10 232 COTTONS

Allied Amoy

603-70

4815-09 705-77

Elsewhere in the oils, high- prices Amtrada lost 3 points.

North American Aviation ran up 2% points in active turnover on its receipt of an Atomic Energy Commission contract to develop

and build the nation's first sodium-graphite reactor.

Most ralls were fractionally higher

Coast Lino Atlantic stood out with a gain of 14. New York, July:18.

Trading was stepped D futures today closed totalling 2,430,000 thares com

'87 0814

085-87%

No. 3 No. 4

Spot rubber unhaled Blanket crepe

No. 1 pale grepe

---Űnited, Eresi.

1000.00 2:00 @ 14

NEW YORK MARKET

Rubber

CHICAGO GRAIN PRICES

Chicago, July 13. Closing prices per bushel in

15 to 25 points lower with sales pared with 2,830,000 yesterday. of 101 contracte.

were

Ot 1,199 traded, 517 T Prices

after in higher, 411 lower and 270 un- softened buoyant opening, only to recaver changed. again at the close under dealer: The New York Stock Exchange

bond volume. was $4,120,000.

The American Stock Exchango, volume was 500,000 shares.

DOW JONES AVERAGES New York, July 13, Dow-Jones closing averages

Jensen

covering.

The spot market ruled quick,

amount A small

of one sheets sold for 24 cents a pound, for Oct.-Dec.

delivery in equal

monthly quantities.

crepe

One thin

sold at 20% centa...n pound. Spot Res No, were on Wall Street today, were quoted at 24 cents a pound.

Future closings were:

1484-147

Sept.

1512

Dec.

*103%

100

Mar.

24.70 May

25.05 July

20-5 Sept.

follow

30 industriais

30 rails

15 kitititien

25.55 stocka

25.45 40 bonda

28.45 Comm. future price inden

-United Press.

July

Volume Open interest

$,000

12,300

Oct.

$1,300

283,900

merce

Mr Fujiyams, also head of Dec. the Japanese Chamber of Com- Mar. and Industry said the July agreed spon price s was holuially below cost but that the loss would be met through the im- port of, He

that Formosa also is interested in negotiating | o sugar contract similar to the fertiliser pact-United Press.

$3,100

480.400

20.300

353,700

May

OoL.

Total

23,000

290,300

cents:

8,700

133,000

$1.500

40500

Wheat, No. 2, red,

3.000

10,300

129,000

1,020,000 bates

pet

201 July 204 (1) 2011 (1) 202

NEW YORK PRICES

Sept.

New York, July 13. Prices of cotton futures today closed as follows:

Dee.

Mar.

Corn, No. 2, yellow

Spot

35.50%

July

34.00

Spot

Oct.

ห

July

Dec.

Mar

May

July

Oct.

Dec.

223.75

3440-41 Sept. Dec, 54.70-73 Mar.

R30 3443 33.09-10 July Sept

-United Press.

NEW ORLEANS PRICES

New Orleans, July 13. Prices of cotton futures today Bept.

Osta

July

34.30

Boy beans, No. 2, yellow

53.03

54.10

Spot

July

14.30

34 50-53

Bøpt

34.71-72

Nov

Aug.

54.200

Jan.

Mar.

¿

Oct/Dec.

Jan/Mar.

Harley,

Бров

110-100 New York deur 200 lbs.

$14.95 kick

„United Press.

Apr/June

General market, cif basis, port for July

20-15/18-4 ALE.

20-1/16-21 Sept. Estate crepe thick 'unquoted

thin 15.74

London, July 13.

The tin and copper markets. wore steady while zinc was rather idle. Prices closed today

in sterling per long ton às fol- closed as follow: lows:

Tin spot

3-month Copper spot 3-month Lead July

Oet. Zine July Oct.

Buyer Sellers

150 -7401′′ 750

Spot July Oct.

961

July

Det

QOFES

the BAF, and which has proved cular, the

the wings, tail and main self in service.

The "Slepce Room": har boen structure have been tested

for

fristalled in the ArmstrongTM

$3,750 metal fatigue and for possible

Although a jet aircraft con- Whitworth factory at Coventry. weaknesses; the strength of the

sumes something like

Ukaited Pres three The firm, one of the Hawker-

LIVREPOOL MAKKEAA pressurised cabin has been ex umes much fuel as the

Liverpool, July” 13. make Hawker NEW YORK METAL FUTURES haustively tested; and the triale

Siddeley Group,

American equivalent piston-engined

Closing, WH prican have been. carried out

Hunters, Hawker Sea Hawk jet machine, the latter uses high--

zaidalineations: 15/19, Jrch, in whether excessive mach

New York, July, 13. discover

Aghters for the Navy, and the Meteor NF 11

ib.. рег Prices of metal futures today pence night fighters pressure might have been bullt octane fuel, which is

allumes as expensive. up in the tanks, through the use kerosene

the

the RAF.

closed in cents per lb. as follows: follow#;*** used by

the jet, so for

Lead July much

of high pressure

to

foel pumps, that fuel costs are proceeding. It would, there sama.

These and other tests are sill!

fare, be premature to announce

the results obtained.

י

B

the

Wings, allerona, elevators, rudders and fine are taken into the "Silence/Room": án „sbikari

But the great advantage of by hand while an inspector. the basic lot trainer is, of listeria: The :) idea" is to make "When the investigations are coutre, that it eliminates. the sure that no amall nuts or bolts completed, all-information will need for a conversion course for

Are lying about inside. be submitted to the Court of reling pilots to teach thera fet or rivets are, Inquiry. Meanwhile, the manu-ying witer they have learned Getting them out

when one facturors are being kept July | folnyva piston-engined machine,make their presente” haird, can informed, so that they may tushermore, vaba simplicity of be complicated." Sometimes they consider what modifications may the Jet means that fewer highiya | leve to be drayal by powertui

·be nécessary."

AD

Skilled remadmance, mentare magnets:16 mil got it white / they

que door de hand,

engine is likely to be tweezers or ruction cleaners.

na poradni 1, puna Kiboký Unidariant: all-job-kruining that

GI-R. Straumformer Minister kymmenet | Liech

of Sabisty tu skøde: Jiwberg l

differences of?

testa were likely to be completed taught when, prof

and whether anything has no elementary

AD July Aug

Zino July Copper Jaly

Aug

מלפג

RO 450

10.336

Odl./Nov. Deo./10. T Mar/Apr、-head May/June July/Au":"4OOL Orticle prices 180000 included: 20100 -Uusited Frem,

American raidding

7/tih inob

As were

31.8

21.00

2014-74

35dn

LONDON MARKET

-United Press.

London, July 13 New York Sugar

The rubber market was quiet but steady with No.1 Rm spot quoted at 21 3/16 pence per ib. Prices:

38672-3801

No. 1 R spol 208-28814 Battlement house teren: 205-208%

Exchange Rates Burless were done in the Jocal

unomictal

market this cottons, it, the following rates;

($28. dollar” (Day, #1) /Sterling: nobis {Dar^£1)

Indondan rupiah. (par. 100): 10.00 Bimm tiesia (per, 100) amu, ZA

1. Singapore (Straila) Upp Indo China 'pónatres (per 100)..

al jai 66' Egyptian Ota, 30, good/ S

file/good · + 4213 nenő) Bind

21185 DOM.

London Foreign.

Exchange

PO Aer-pinned 447. Bind: 30.06 nöm, ware, unchanged United Londort, July 1

HVITKAD TAULO:PRICES"

tallum gat Paulo, July 13.

ruzeiros

Fruch I

2331-2114)

21 231

United Fram

New York Foreign

719 Canada

N.Y. Silk Futures

Exchange

Market

New York, July 18.'" World · No. 4 sugar · futures closed today 1 to 3 poluta lower with salow of 423 contracts.

Domestic No. 6 sugar futures

to 3 points??

contracts.

and

Persistent * bodge selling in the world con- tract reflected the lower rate market. Nearby September contracts touched a new low for the person on the decline, whe market also was lower with the

Future closingen i 11. Contenol, No. 4 (w

Now York, July 18-

Majst

20-day · futuren

India

NewYork, July 13, Switzerland Bilk futures today closed 2 to Candian

cents lower with ho znies reported. - 12 M

law {Futures:

Closing prices: A

Market

"down„ from

mtalted. FreeK,

Spot-town