· Danish Royal Family Visit The Pigs
The Danish Royal Family, King Frederte, Queen Ingrid, Princess Anne Marie, Princess Margrethe and Princess Benedikte, watch the small pigs during their visit to Bellahoj, the annual agricultural show in Copenhagen,—Express Plioto,
Cottage
THE CHINA MAIL, MONDAY, JULY 26, 1954.
Industries Not Dying
Out In Sweden
Sweden, July 25.
Cottage industries, far from dyng out as Sweden becomes more industrialised, are today more flourishing than ever.
Long dark evenings and the twilit days of winter in a land covered by snow, which makes outdoor work impossible for several months, encourage countryfolk to busy themselves with traditional occupations.
The State, too, holds out a helping hand to teach these people to and preserve their ancient skills.
now
use
could double if they lived, prefer to take their
concentrate
DI
At Morn, a little town at the Living together the
SEX mimit That the head of Lake Siljan, in this familles
Inclurte Three ther pindration *tourist province" of Dalaran- sisters of Peer John and his but they better known to most foreigners | mother-d working together time 11 Daterai there a special in a loosely lenit co-operative, quality agricullund
handicrafts dres draw
Today mspiration
sonne 40 per cent of Largely maintained by fun the local countryside and theur output gues abroad--10 the State and the province be- local themes.
San FrancİSCO and New York. tween then,
to London and Australia, to Here, the sis
Denmark, Italy and the Benelux countries.
Up
ar
and daughters of prusant farmers living away
{}ve hills, may take, a very bitle east themselves, a Ave mob course to fit them to take a full part in the late and work of the province.
their
One beautiful silk scarf. In example, deplets, on white gayund framed in a wide grey- blue beter, the fruits, flowers. buds and even the butterflies of ¦ the neighbourhood.
לד - דו
melons,
the
plures.
IRADE and COMMERCE SECTION
CONVERTIBILITY
MAY BE ACHIEVED
BY THE SPRING
From
Our Own Correspondent London). July 24 Progress achieved by Western European finance ministers as their London conference on convertibility probleme line encouraged the hope that stronger European currencies, including sterling, will become" interchangeable with the dollar by next spring at the latest
was
But the conference was not concerned with the timing of convertibility. It's task primarily to ensure that proposed freedom for currencies is not accompanied by contraction of intra-European trade.
pen.
This could all too easily hap to pay for convertibility-which For what is proposed is after all is not the thing to be that certain currencies shall be desired in itself but an essential coine exchangeable into dollars part of the policy of promoting
s and when they are acquired a steady and abundant Row of
by "non residents" as a result world tinde.
of currency transactions. Thus, for exemple, If п French businessman camed sterling be could convert it into dollars at
Nor is it simply queation of i "xhorting. "nod
convertible" countries to play the game..
For deprived as they would be of will.
automatic
credit This at once raised a verlous present provided by the Euro- facilities at problem. For 1 pounds become pear Payments Union many of as "hard" as dollars it would them would have no alternative behent countries whose curren-but to restrict their imports from cies were still inconvertible to "convertible" countries in order restrict their imports from the to pay their way. sterling area in order to build up reserves of pounds which could then be spent in the
dullar area.
The resulting contraction of trade would be heavy price
Objections To
Hardboard
Duties
FIRST POINT
how
·Hungarian Goods
In Demand
Delidon July
The Hungarian New Agency reported from Budapest today tigd ti garlan goods are· Bedödling more and more in demand in mix
many counties and dis- play's will be exblled „At fairs In Diakarik, In- donesia ah Sao Paulo, Brazil shortly.
12.
The report, moniidred bere, mid an international fair opena in Djakarta on August 17 and in Sao Paulo On October Hungary is to exhibit pro- duets of heavy and light industry and agriculture.
Tho report
the Hungarian Chamber of Commerce will travel to Brazil for the fair on the
100th anniversary of the
con-
founding of São Paulo, Hungary recently
agreements with Brazil and Iddonesia.-United Press.
cluded goods exchange
HONGKONG STOCK EXCHANGE
(From Our Correspondent)
kong
Business done on morning mounted to $504,330. the Hong- Stock Exchange this
Neon quotations and the morn- ing's transactions:
The Arst thing they way (8:"BANES BUYERS SELLERS DALES decide
to repinco the GOVT. LOANS EPU with some other form of
35% (1940) machinery to enable weaker
untries to maintain their existing volume of unrestricted trade without running into serious short term currency problems.
on
BANKS
I Dank XD 1950 196S East And ..
184
Market Resumed
Advance After Ceasefire News
From Our Own Correspondent
London, July 24.
Uncertainty about the outcome of the Geneva... talks coincided with a bout of profit taking in Equities early last week and prices on the London Stock Exchange began to fall from their previous high levels.
But the ceasefire in Indo-China for a resumed advance and Equities ended the week was the signal
on a firm
note. Paper, stores and motor suffered most in the earlier decline, but front again when the recovery set in.
Gilis also had an up and down week. Following the pre- vious speculative rise long-dated and irredeemable stocks drifted lower in the first half of the work. They pleked up slightly when
the mid-week recovery
set in but this time it was the Lurn of the medium-dated issues to go ahead.
A see-saw movement of prices was reflected in the Financi Times Indlees. The industrial index, which closed the previous week at 150.9 (after reaching
its all-time peak of 169.8 on the previous day) was down to 157,8
shares were out, in
NEW YORK
STOCK MARKET
By Elmer Walzer
New York. July 25. Trading in stocks during
at Tuesday's close and then re-the past week rose to a new covered to 158.5.
high since February 8, 1961 for the
second
securities
The Government index fell 12 to 105.20 in the week. Arst two days of the week, but then rose slightly to 105.25 Thursday's close.
WORLD BANK BONDS
Dit
500001
10 153
The
success of The World Bank's second bond issue เ
BURANCES
ten on
BOS
Underwriter
730
SHIPPING
As Nav
10213
DOCKS, ETC.
X. WhATT.. Dock Provident (0) 12.70 Wheelock
QT
12
13
7.30 7.35 200 1000
1.40 1.30
0.20
The Boo! agreement has not vet
reached
this problem question but there was general assent on the need to set up a European fund out of which credit
be provided could to countries whose credit mained stmporarily inconver-LAND ETC. tible. It th assumed that Washington, July 25. fund will consist of contributions that this Diplomatie officials suid today from stronger currencies as well that Canada as well as Sweden as surplus assets of the EPU and and Finland has informed the that will be used to Iron out State Department of its objection short term balance of payments to the action being taken by the difficulties
inther than supply House
Representatives lo long term tots. Credit avail- - double the duties on imported able from the fund, therefore,
ان
har:board.
wil
The officials said Canada sent granted. an alde-memoire 10 Sinte Department on this subject last week.
Not
be automatically
NOT CONTENT But the nance ministers were not content
10 maintain the
artisti yet unerrwded desig there figure. apples, black-
The | berries.
nears.
nuts.
rest is sold in Sweden, Deurns.
either at their own little shop. cub, cherries, where the head of the family, FUITIS. roses, Peer's 77-year-old mother, at- Iris and convolvull. primroses.
tends to customers or to handi- Butterfires
Autter tmong the!
craft shops in Sweden, kwers and birds perch on fruit-
But old Mrs Jobs is more than Inden branches. agriculture,
the saleswoman of the family. Wall
the status quo. They believe rightly panels reproduce some. She
action of the House. It passed that convertibility as at present matriarch of who acts arbiter famous
to settle any
by the Senate and confrmed by They learn als how to spin and traditional Dalecardium
would atut differences
envisaged that
President opinion
Eisenhower, would unicss it was wenve, du the line embrudery ings, done by the peasant them-jarice.
penalise the It is she who keeps the
of these further berglisation the own folk selves in cover
three peace In this co-operative devol
"Duntries which have European trade and a relaxation never received grants
of restrictions on imports from from the United States.
dollar countries.
While the
boys
latest
methods of
the girls learn
to
learn
cook
launder and keep house
which goes into thet: Custumra
the
and But
The more
In do satriate their houses in days when other and
drawn-thrend work.
ne of the must flourishing
of Swedish cottage industries. found in this province of
are
the WWBS and
Dalarna, villages scaltered round the shores of Lake Siljun.
hangings were to dear
1
1 veritable
of
of all formal acts of partnership
or agreement.
Leksund
(the
is famous, too, for another strictly locul "industry. Every year, in July, it becomes Sweden's little Oberammergati while the Himilispelet In these puintings, depicting
Heaven itself is famous for its scenes from well-known Bible
is played in its Play) sheath
rena knives-replicas of the stories, the figures are always a natural, open Knife
which
the Swedish dressed in
the play, in
Everyman loral costume and attre peasant always seems to have God
than the Passion ploy Himself wears the long with him and which he uses black coat and high hat of the tradition, was written by a local
Moru
equally to cut up his meat, hack local Pastor. off tre branches in the forest or these for his wood carving-
in the num
found
Own
alr
shops
£
A feature of Daimings, which Peer Jobs
Is careful to include in his handicraft panels, is mythical dower and known as the "Kurbits." towns villages throughout the country,
and is ; man, Rune Lindstrom,
acted entirely by local players
their wearing
folk costumes.
own
NUMÉTOUS
of
These knives with their sharp In more modern mood, are upcurved blades and wooden panels of stylised angela which handles are found in every size yet manage to convey the same | Local artists design and make from miniatures a few inches intensity religious feeling the sets, focal artisans erect the Jong to the full size article for that pervades the older Biblical stage and local electricians every
day use.
paintings.
instal the lighting and see to it Probably the most widespread
Flint loudspeakers
the carry hobby
ZATTICHTE
Peer Jobs and his collabora-voices of the actors to the limits wood While carving.
the women tots turn out some 30,000 yards of the great grassy semi-circle
hand-printed. sew, or spin, or weave, the men of
fabrics-silk, which forms the theatre.-China carve crude
Agures
They Mall Special. blocks of wood.
is men
of men or cotton-- year. out
In many rural districts, the figures take the form of horses, the most important animal in the peasant farmer's life. In Dalarna, horses, gally painted in red, orange or blue and splashed with pattern in con- trasting colour, are seen every. where, In all sizes, and many shapes. Ntxt favourite in the carving repertoire is the cock.
✩
Big Mau Mau Operations
Nairobi, July 25.
They pointed out that
exports
They Also cald
In ald
might
mean
little accompanied by of Intra-
HK Hotei ... 9.20 0 2000 m IK Land
41
62 1400 Humphreys 10.20 191 Realty
2.25 2.175 UTILITIES
Tram XB... 1070
133
Weck's
successive
And this
cent toti WRE made without beneth of a 3.000,006 shure day which helperi a week ago.
Prices movet higher agnin with
the Industrial average
London helped market senti-closing at 343,40, up 3.62 points ment on Wednesday. This issue on the week
and a new high
of £5 million of 3% per cent since October 15, 1929, and rails, stock 1900-74 at £DB was more 117.95 up 0.79 and a new high than four times over subscribed. Į since October 8. 1930. The utty average lost 3 cents to But Friday's announcement close at 59.54. It hit a new that the Central African Fedora-high since 1931 on Monday. lion is 10 raise its first lan in Lontion by un
£10 Os and steels were respon- million of 4
of IsЯuc
per CENT! stock,sible for the substantial rise in redeemable In 20 years, at the industrial shares. The oil group price of £97/10/0 caused glits, agged erly in the week on the 415 to turn a little casier
towards top-heavy inventory position In the wezkend.
5200 10.00
the industry.
old and
They were over- snapped back
with
In other markets Far Eastern vigour. 20 1000 19.70 bonds improved
on the Indo- China news, Slam 4 per cent, rising £ and Japanese Chinese Issues registering gains of up to £1.
Star Ferry Yauma Ferry 147 150 C. Light (0) 10.20 1640 3000 S (N) 13.20 2000 Electric
3344 3315 100
Telephone INDUSTRIALS
Cement STORES, ETC
Daity.
Watson
L Crawford
10.20
13 20
33 1600 33.
100 at 331
27.90
22 22.20 1800 22
20.20 26.00
500 10.00 400... 224
COTTONS Textile
Corp MISCELLANEOUS
Yangtze Allied
.
2400 23.90
7.40 300 7.33
LITTLE EFFECT
and
AIRCRAFTS KOOM Aircrafts started the week on a boom that carried most of them to new highs, They sagged later when the other sections advanced. Best prices gains werd
The ceasefire news had little achieved in the session which insting effect Оп
commodity followed the
XU 6.00 6.35 2000 vir As again showing
4025
2500 GP 4.03 Bess,
renewed
create a precedent for Congress three-point programme for freer New York Cotton Oil Company for the less of its
to pass this measure.
They agreed, therefore, on a
trade.
Market
netton in
signing of
1
the
aircrafts
·
on
shares. Rubbers strengthened. but were drifting lower again indo-Chine truce. It was at this
time also that the by Thursday through lack of
turned down. support. Tina and
coppers turned easier at first but were) The marke declined on Arm- Monday and Tuesday when the olls were under sales pressure. A report that compensation Then the oils and rails got into payment to the
A rousing rally Anglo-Iranian Thursday. This was followed by Pertion assets would be much an even more vigourous rise on smaller than expected caused
Thursday when the steels swung # Further, they said, If this First: #}} West
weakness in oil shares in the forward, European House mensure is passed it countries whether
early part of the week. But the or not thev would be likely to encourage intend to join the convertibility
report lucked' cónfirmation' and the proponents of East-West movement would give an under- Cotton futures edged
for-prices were soon edging their trade in Sweden and Finland. taking to maintain the level of wat to seasonal highs this way upward' again. -United Press,
liberalised trade prevailing at week, scoring gains up to $1.23 the date of convertibility.
a bale. Second: all countries should Hesitancy on the upside In- review their remaining re-creased because of the delayed strictions on imports from other Senate consideration on the West European countries to seo farm bill, plus the unexpected whether further liberedisation slow development of now Is possible before the date of business in texilles since the convertibility.
thills resumed after a vacation shutdown.
U.S. Grain Supplies
Washington, July 25. The Agriculture Department estimated today that wheat and corn (maize) supplies in Gov- e:nment and private hands en July 1 topped all previous re- cors for the date.
REMOVE HESTRICTIONS-
New York, July 25.
U.S. TEXTILE
MARKET
Friday's market was marred somewhat by profit-taking and evening up operations usual at
the
wrekend, but enough of the leaders gained to lift the averages to new highs.
In the steel rise, the lenders were lifted to new highs amid a horde of merger rumours that involved some of the big com- panies, None was confirmed although steel officials admitted inancial. interesis were seeking to purchase a company. Douglas Aircraft reported shstply higher and declared an
big
New York July 38: Textile markols developed et a'slow pace this week. Another handicap was a be-
Merchants who Hati countert Third: during the early days lief that a further rise would on the end of the mill vacation of convertibility all countries attract more cotton out of the period to bring a quick upsurge extra dividend. Du Pont report- should not only continue to re- Government loan
Into com-in
activity plainly indicated move restrictions on
One Imposts mercial channels.
source disappointment
ed record second quarter carn- when buyers from each other but extend the commented that above 35 cents adhered
to' a haild-to-mouth: gs. Bo did General Electric. of this liberalisation to a pound, six million bales Include imports from the dollar loan cotton probably will begin needs.
Foods net was nearly polley for spot and nearby General
double that of a year
ago.- coming on the market.
Unlied Press.
area
fréer trade and
payments.
into action:
trader fabrics like automobile head-Bank Of England;
had to be replanted this season,
T
Statement
Wheat stocks totalled 903,000,- |arba. 600 bushels.
Mr R A. Butler, Chancellor
Most of the Interést cóntred of the Exchequery pointed out
Reports of exterisive damage.
print cloth yarn fabrics. weather Sheetings, The supply of corn-1,400,- after the conference that the last through heat and dry 000,000 bushels-was 22,000,000 point was on esseritial part of are premature, some bushels above the record for the the Commonwealth policy of felt. While much of the crop lings, ducks, wide drills and date,
It will certainly be the most they said, a recent check show broken twills developed less Feed grain supplies were one- tenth larger than a year ago and difficult of the three decisions to ed an excellent tap root develop than routing activity, brokers the largest for July 1 in the 19 translate
Some ment would enable the plant reported.
"London, July 25. A leading converter said he The Bank of England state- years for which comparable quid pro quo will be required to stand another month of hot figures are
available. United if the West European countries dry weather without any, real was confident of a "very good ment for the week ended July Presa.
are to end their discriminatin darings,
apring season," but admitted 21, reads as follows: against dollar imports.
that the businege would be Now in alečitation RAW COTTON' EXPORTS
higily competitive with proft-Fuble deposits U.S. DISCRIMINATION
Raw cotton exports by marginis narrow.
Private deponita ber finvernment, sequrities, destination as reported in baler them would agree by
At the weekend, one big Other securit the New York Cotton converter reportedly was after Herpts with Professor Ludwig Erhard Exchange for the 1953-54 season around 5,000,000 yards of the the West German Minister of to July 20 were as follows: 43 ich print cloth. The goods. Expnomic Affairs, that "as it, is
word wanted for Dec.-Jan-Fely, today one might
way that Britaks
uld be the America
delivery, which would discriminates against Information to a Kikuyu guard started when' Peer Jobs, searched Thika township, 20 at Nyeri led to the death of ana
Singapore, July, 25:
Europe's exports Father than Canada. after working for a time in miles north-odst of here, and terrorist and the capture of Saturday on neke of orders but Protz Erhard stated bluntly she period last
The market opened ealer on the other way round,
Triol for ORDIN Stockholm returned to His detained more than 1,000. three home-made guns. Another rolled Inter on publication of that the
Statex tarii native town of Leksand to paint"
Kikuyu guard fought
stocks well below normal. Future decisivo Polleo following up the Meru
large forest losings: killed three more terrorists Nor1 rubber per lb.
One cottage industry, in this Thirty-nine Mau Mau were killed and over little town of Leksand, on the 1,500 Kikuyu, Embu and Meru tribes-people were arrown in the past few years at detained in operations over the week-end, an most to factory size, and become official communique' said today,
shores
of Lake
known in many
Siljan, Bas
parts of tho
HIN
115
British troops cordoned and
Lepscalo.
Singapore Rubber Many of
Market
· search of the actions in the Fortix45 | Malayon June statistics showing | bnd" traâin
gang,
ceramics. Then, helped by his kahawa area between hard and
A large wide and one begin to hand! Diwis on Thika: resulted in the arrest of Hubrd. Alght* Tabrics
138371 fór questioning, an Today, six familles collaborato
Information from Joynt their special skila to African haule Metű güned producs beautiful hand painted to wipe out a gudg of hive in the urnishing fabrics, wall panels, Meru district. They killed the mojaves, handkerchiefs and the and captured the other two, otte
of them wounded;
M
wounded of head boy. No rubber pen th Aten-year-old. abducted by Mat Man from a European rem iný NorthlyNyari Hipot rubber unbated was found: desti - a/Dhi?, milles punkers grape
•Ho; & nato prope'
Router
bri
ure
In encouraging
countries to
do the thinori là the
414,094
1,400217
2001/11
ERACE PARht of the reportere,
hed the
100)
RESTAJOn.. The firm
diu 15 %: cenik producers were holdlige 16%1⁄2 cents on spot, and;
Velled Press,
BANK, OP FRANCE.
STATEMENT
Paris, July 237 The Bank of France statement Ton for the week ended ready, dar follows:
"„apinjyers" (TUNES
winally orders quick delivery
unoitly front
Advance
yalable, Jamie an
pouzitia
knittaja:: Mille rail, other Rederally re- Healtans about a got bolerkE” ADTO topet | raising prices-but most of thÊM ARREPU
this half- farty at currents wheduler maikalayon-acotata-symthetic:
Aremained? qules, with) dycha) Berk plants still or vacation, Prices meanwhile ruled ... staidy : to Bren-United Press,
Current secsunta, and
deobosita
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