1954-09-20 — Page 9

CUBA

MEXICO

CENTRAL AMERICA

DOM. REP. ***PUERTO RICO

VENEZUELA

UNITED KINGDOM

FRANCE

SPAIN

THE CHINA MAIL, MONDAY;

JAPAN

INDIA

THAILAND

RICA

BRAZIL

GERMANY

"ITREY

TURKEY

GRELCE SYMANY

ARGENTINAZ

~FR. NORTH ЛЕЛІСА

IRAN

-TRACT

ENGIN

CHILE!

AP Newsfeatures

WHERE POPULATION IS EXCEEDING FOOD SUPPLY"

CEYLON

SOURCE UN DEMOGRAPHI

JAPAN

MALAYA

NATIONAL RATES OF NATURAL INCREASE REX 3 TO 10%-

10 TO 20%

20 TO 30%

30 TO 40%

■NO DATA AVAILABLE

THE HUMAN RACE MAY

BE RACING

ITSELF OFF THE MAP

By WARREN BENNETT AP Newsfeatures Writer

Italy's

is penses for the parley.

rate of natural loerense (7.8) is less than many other countries but its reenomy is so precarious. crowding and worked-o!!

of over-

The human race growing faster than ever before. Maybe too fast, scientists say. for its own good.

Population

Is increasing A the unprecedented rate of 25 anillion a year,

which would ceuble the world's

present population of 2 billion in the genera-

next century. Future

could

be

faced with a srid of standing room only."

A give danger in this atomic むむ t

KOND

population

lurk on w

some notion

or

nations, Roaded

by

pressures, may em-

war of expansion. It

has happened before many times But the potentialities of the

A

and H-bomb could make such a

1

ly balanced beetse

ready severe problem of rural overpopulation.

¦ majer Itima in its Five-Year Plon. Japan has a Eugenics Hutuanitarian artivities of the Protection Law which encour.. British in India and the United ages the spreading of birth States in Puerto Rico have control Information among 115 soil produced what demographic | citizens, The Swedish Govern- that it cannot afford even this, experts call "population exple- ment pays the

travelling and The rate of natural increase forsions." Scientists say that today, lecturing expenses of members

with DDT and

Inoqula- | of the leading Swedish private Ankl Central tions, a "population explosion" birth control organisations.

or have high can be produced in three

four years,

the United States is 14.8.

South Many American countries rates of natural increase which accentuate

problems of This under-developed nallons.

Ls especially

the

ominous because propensity

of the Communist

of

The

for shing in troubled waters,

Guatemala, where

here Communsts dominated the government Ex-F.sident Arbenz, has a 32.5 le natuml incune. If this crushing ride of

mass

birth

Д

The Planned Parenthood Federation of America Ls

has private organisation (int been active in the birth control feld since the first efforts of Margaret Sanger in 1p16. William Vogt, national director, maintains great American DDT says the federation

contro! more than 100 campaign" in Iran and fraq elinics in this country and against the locust plague Iew full effects bui, authorities say. Federation.

ternational Planned Parenthood lation growth continued Cute ago has yet to register its working abroad through the in- mala wou. Jouble its current the inevitable result will be to population in 21 yara British send population soaring in those

countries. Gu ana, where Communist; niso pinelated the government before Britain stepped in, has a rate of natural increase of 29.4.

Ironically, science Heelf hus had n

in multiplying troubles for under-developed least.

growth areas. Population up a world to skyrocks.ed fler a population congress on Septem-spectacularly

successful ber 10 Rorie under auspices anti-malaria campaign con. of the United Nations. The ducted by the British experts included authorities on World War II. A population, natural TeROLECES, campaign in Ceylon jumped the

powers

venture more catastrophie thin

or before The Axis

lu World Wur were strange bedfellows

une thing but

they had in common was population Pres- tres: To many people on too 11.tle land without

enough natural resources,

Nearly 500 scientists from 70 Cushtries

wound

וסר

after similar

griculturai development, rate of natural increase there Economics, sociology, anthropo-

to 25.7 and aggravated on nl logy, genetics and public health.

Some scientists suggest birth control DS a way out of the dillenima. Others propose a re- distribution of world population. Sall others rely on developmen? of atomle ind solar energics through which the earth might be able to provide for almost limitless expansion of mankind.

in

Time could be running short. Population pressures which the past proved- major incens tiver for moking war are operating more relentlessly to- day than ever before,

Wille

overpopulation turns

some nations into Killers, it

turns others into viclims,

WORLD SCOUT

JAMBOREE

Filey, Yorkshire.

Sept. 19.

Lord Rowallan, the Chlet Scout, announced here to- day that a world Jamboree and

World Rover Moot will be held fn 1057 al Sutton Park, Warwickshire, to commemorate the cen tenary of the birth of Lord Baden-Powell, founder of the Scouting movement. — China Mail Special.

There are today 750 million Suez Evacuation

prople

Retting hungrier In

Agreement

SEPTEMBER · 20, 1954.

TRADE AND COMMERCE SECTION

CONVERTIBILITY OFF

Little Or No Progress US. Plywood

Towards

Primary Conditions

From Our Own Correspondent

London, Sept. 18. There is little doubt left in informed circles that convertibility, once scheduled for next spring, has been indefinitely postponed.

Mr R. A. Butler, the British Chancellor of the Exchequer, himself dampened the final hope. Speaking on his departure for America, where he is to attend the meeting of the International Monetary Fund, he listed again the famous three conditions for convertibility.

We had gone

A long way, he said, towards achieving one of these conditions-stronger financial policies in the whole of the sterling area. But he offered no comment on the other two.

His silence is understandable world, are already well known. and full of meaning.

But what of the political risks?

Probe

Washington, Sept. 19.) The US Tariff. Commli- slon announced today that it has began an investiga- tion to determine whether hardwood plywood, except Spanish cedar plywood, la. being imported under cons ccasions granted under the General Agreement on Tariff and Trade in such Increased quantities Ja to threaten injury, 1 Industry.

to domealld

The Investigation, which began yesterday, was in- stituted at the request of the Hardwood Plywood Institute of Chicago. United Press. *

HONGKONG STOCK EXCHANGE

(From Our Correspondent)

NEW YORK

STOCK

MARKET

New York, Sept. 19. Industrial stocks made the stock market active dur- ing the past week. They ĐÔI TOÀN AN T Di painios high since October 8, 1929,

The lure of urquium helped many issues and titanium also helped here and there. There. ware bigger grilna in more prosale shares, take oils, for example.

Trading picked up despite same dullness at times, Dally. averago volume amounted to 2,080,171 shares, Against daily average of 1,840,$20 shares last week.

At the close of the week, the

Industrial Average stood at 355,32 a rise of 7.40 points on the week. This average closed nt 255.40 the same week a yanr ago, on which thought marked market.

מנית

a new bent

BULI MARKET

Instead there was a roaring Business done on the Hong-bull market. The stocks havo Little or no progress has been

These are so serious that kong Stock Exchange this morn risers almost continuously since made towards the primary con- the pound wire to be declared ing amounted to

trade with the convertible Into dollars in the Noon quotations and the morn ditions: fever

$345,793.70. then, especially in industrials.

Prediction that steel United

1 operations States, The United present circumstances the opera-ing's transactions: States

soon will hit 70

cent of per Government - though it may be to implement It would do so because foreign

together with a riso liberal trade policies

businessmen recom-

this week would hasten to mended by the Randall Com-convert their pounds as soon as

44 1110 June this year. The exception mission-roms to be quite un- they acquired ülem for fear that able to translate the good the privilege would be with- intentions into Congressional drawn. action. Indeed the Administra- tien reems to have its hands full

willington would almost certainly fail. SHARES DUYERS 8ELLENS SALES copacy to a new high sinco

at the moment to even hang on to its present powers to adjust

torlife.

ILLEGAL MEMBERSTOP

J

BANKS

HK Bank 1715 1723 17 1720 INSURANCES

Union

UnderwriteTA DOCKS, ETC.

Dock Pravident (Old)

Wheelbek

LAND, ETC.

HK Hotel

HK Land XD

#021⁄2 00741⁄2 20

23

105

14.30 143% 1800 @ 1415 1500 24.40

of Youngstown Sheet and Tube which lost more than 2 points on talk the Justice Department

will block tts merger withi Bethlehem.

Government stockpiling and 7.70 700 450044firming of world prices helpert

7.74

the melais. Among individual leis 10.00 800 21016 metals, Anaconda was helped by

Humphreys 20.10 20,00

Realty UTILITIES

Tram XD

10,00

announcement that it was ex-

2.10 2.30 2000 210 panding its Mexico plegat, Union on aunoucement Df a new plant to produce 7,600 tons of titanlım yearly.

Ymaxi Ferry 188

They would do this economic ecosiderations epart-because the Secialists have made it clear that they will reverse the converti- bility decision as soon as they retum

to power. It does not mat. te that the Secialists may or Perhaps too much importance may not win the next election has been attached to récent re- or if they did that they may powerful American reassemble all the machinery of ports that

find it virtually impossible to business groups have denounced United States membership of exchange

only GATT as "lilegal." It has been been seta berdre tnd "the US still matters that the threat has been Telophong.. 26.80

that made and member, But the fnet that

prudence INDUSTRIALS the Congress has never given its would

compel

foreign formal...consent to the US nd-businessmati to protect himself herence to GATT will make it against the risk. difficult if not Impossible for Americans to commit themselves

control once it had dismantled.

common

FOURTH CONDITION

to any palletes for further liberalisation of trade that may have added a fourth

Mr Butler might, therefore, condition for convertibility—that

afted. ment shaulet be renched with the Socialist Parly that con-

of

in

emergo from the review of GATT.

forthcoming

Vogt said one of the federa- tion goals is development recent UN report, "The contraceptive methods still Determinants and Consequences the research stage. One of these of Population Trand" declares possibilities is what is popularly that the greatest population in-called the "birth control pill." creases are taking place in the very countries that can afford it

Vegt quoted Dr John Rock of Many authorities agree Harvard who told D recent that birth control appears to federation conference

that If

be

an essential factor In any "Just one-thousandth of the puposed solution to the over- money currently being spent to

Some governments ulready develop atomic

population problem.

and thermo- nucicar weapons were devoted to are moving in that direction perfecting simpler birth centro India has made birth control methods. the H-bomb need and planned family programme never fall."

American Soybean Export Prospects Reported Excellent

-Washington, Sept. 19.

The United States Agriculture Department today told American traders prospects were "excellent" for sales of soybeans to Japan during the current marketing season if:

1. Japan could not obtain substantial' quantities of Manchurian soybeans, and

2. The United States could overcome Japanese

11

be

make the

other risks!

Carbide rese

1000 → G

10.20

154

C. Light (0) 181 15.70 G. Light (N) 12.66 12.70 1000 or 1270 Fleetria

Cernent

....

30

200 in 32

20:30 1000 @

300 @ 2014

Airline issues responded

30

part to an anticipation of higher earnings, reports.

General business news were favourable for the market and 2012- 300 0 2820 Sonio drow Inflationary 500 G 20.30 clusions from a rise in thio bud

no a

100 2300 get deflclt estimate. Inerching 500 2976 detenco orders were seen 000 20.80 zustaining influence. United

200 2 20.90 Press.

1000 62 20.10.

1000 @ 2020

(24.00 23 1000 (1.2435.

17.50

400 s

STÓRES. ETC, Dairy XD Wattori

COTTONS

Manyang 10:30 10.40 4500 @ 10,30 MISCELLANEOUS

Yhoztaze Allied

But the fallure of the Unlled vertibility once achieved would Crawford States Government to adop "good creditor policies is not Irreversible. Nothing less

dominant factor

the worthwhile. would decision to

postpone converti- bility, Nor is the reluctance of the American Federal Reserves But such an agreement would) system 10 put up the dollars to be extremely difficult to obtain. The Socialist politicians are not underpin sterling and other European currencies once they the are made, convertible.“

RESERVES

them- only ones asking solves Why Britain throw of protective mantle of exchange control and face the bitter blasts of foreign competl tion. The same question 13 being asked in academic circles.

4.20

4000 425

Exchange Rates

4

The Bank Of France Statement

Paris, Sept. 10.

The Bank of France statement for the week ended Sept. 0. reads as follows:.....

Total gold holding

Imane 2012İL,591,420 Total other currencies 0,421,506,732 Sight balance abroad.

in EPU 42,224,281,724 Advance to Currency

Stabiliation 68.200.000.000 BET | Total Bills discounted 1,051,360,086,192 15.60 Bank note in

Business was done in the local should unofficiat exchange market this

morning at the following rates US dollar (per 1 Sterling notes (per £1) Indonesian rupiahs (per 183) Slam tenir (per 100). Bingapore (Stratte) Indo-China plastres. (per 100) 0.24

It has been pointed out on that adequate many occasions reserves

are not sufficient in themselves to ensure the Prof. R. F. Khan, Professor success of the operation. If the of Economics nt Cambridge elher candiliona wer: right for University, asked in a recent convertibility. largo. reserves Financial Times article what would not be necessary, I convertibility tu in ald of. "For conditions were not right no that is the great mystery," he rejerve, would be Jarge enough, | said. "Even if the sacrifice.

which We could The mistake is often made of reasonably undertake, what is belleving that American policies the object of doing so?"

were one

"ILLUBORY GAIN"

13.50

21.70 1.79

circulation 2,306,741,688,745 |-

Current account and

deposla.. 125,763,100,800

-United Press,

London Markets

Lose Their Recent Lustre

or the lack of them are all that is holding up convertibility. The fact is that even if the Americans did everything they He disposed of the suggestions were asked to do in support of that Britain would make the the trade not ald" doctrine, pound convertible Britain for ene would not be please the

by Americply to ready to take the plunge, pointing out that the rest of the Trade risks, Inherent in con- mors than America is prepared

world

from Amerien

From Our Own Correspondent vertiblilty though only recently to buy

buy from the

rest of the appreciated' by the business world. This "illusory gala"

London, Sept. 18. would be secured, only at the London stock markets have lost most of their expense of restriction on trade recent lustre. It maybe that one has come to between non-American cou

countries "introduced ta servo The to.

+

expect too much of them. After all the industrial. share index has risen 40 points since the begin-

dissatisfaction over past American shipments' because 1):S. RAW COTTON principle of non-discing of the year-and a quarter of the rise that

Was

QUESTIONABLE

EXPORTS

New York, Sept. 19..

Raw cotton exports by

do-i

And the giving of such

pleasure to the Americana

would be at the cost of the bar took place in August alone. A pause for reflection

might have secured in- was clearly indicated:"

gaining counters which properly

used

countries bordering the Com- munist sphere. Italy, Indo-Chint, Japan and most of the other problem arcas in Europe and Asja

of low quality. are places whero food

Cairo, Sept. 19. production has not kept

pace The agreement on Brilialı This advice, was given in a prices during the current. with postwar population

growth. India with 360 million people evacuation of the Suez Canal Department announcement, and marketing year from October

of Ove zone will be signed at the end was based on a study of soy-1, 1954, to September 30, 1955. is growing at the rate

the Far East million a year-multiplying the of the coming week, it was beans exports to

conducted by Mr John Burgess, starved and the weak.

learned ⋅ today" from an official

a specialist of the Department's

atination as reported in bales by created trade in both directionloomy weekend reports. In remained quiet for the rest of The accompanying map, based | British.soUKTO,

Foreign Agricultural Marketing Mr Burgess admitted that 'It | the New York Collon Exchange

prof. Khan - Is

· around · · Formosa equally unim-and

were the week, questionable whether for the 1954-58 season to Sept. pressed by the arguments that dustrial market, but next day stock opened on Wednesday at un surveys for the UN Demo-

Service.

blamed for Monday's poor in- The now East Africa Loan graphie Yearbook, shows rates The source said that the finan-

the United States could compote | 14 avere as follows: Mr Burgess study pointed|

convertibility would bulld up of natural increase in countries clal questions which caused the out that in recent years Man-successfully on a price basis with

Britain

30,305 | sterling an around the world. The rate of suspension of the talks lant week churian soybeans exports had China in supplying soybeans to

96 437 currenty natural, increasO (births over have been fesolved.

"because of shipping Orient Japan

94A13 gone mostly to non-Asian

21,003 deaths per

1,000 population)

countries though the Japanese costs and pomible other factors." shows how any given country is Increasing Irrespective" of

The British Ambassador to liked the Manchurian bean bo

But, he declared, Tha Immigration or omigration.

Egypt, Sir Ralph Stevenson and cause of its high quality for use United States my beans in- The Inset map shows

dustry needs, to mainfals and/ the Egyptian Foreign Minister, in processed fonds. 18 countries where population is Mr Mahmoud Faouri, who took

Expand the important Japanese It is part in yesterday's.meeting of outrunning food supply;

market. Improvement in the based on the second world food the sub-Committee on finances,

of the US Foreign will participate tomorrow in would survey Operations Administration. The discussions on oli questions.T countries are Ceylon, India,

·FORMOSA

Continent

the usefulness of

of the way it showed signs of im« | mium, but, fcil. to. £1/18th dis- which is a subject of mystique proverent. This brighter ten ctant inter in the week 2416008 rather than rational discussion helped by a batch of good denty persisted on Wednesday,

AVICKERS LOAN- 207,201 or that it would suzive "n

Canada

· Tofal “for season Bame period lon

Pross.

spur to competitiveness" as the biblness news, but the market

Dealings also commonced last Handall Commission, put it became unsettled on Thursday that is the argument,” he asid, and was still moving without week in the now Vickers Joan "Crowd to pure, that this country: definite direction when slooodstock Turnover was described He also declared that Formosa quauty of exports of United The Bank Of England a yet ready for a more com for the weekend, Grusin fare 21 premium, inter fing Growing fears as huge. Dealings began patitive struggles for be an important | States, soybeans, woulder beim

markets

been à depressing factor in this £2 premium. Both price tatement customer for United Statesiguilleant contribution. In the

Is, admittedly only one

market lately no was he held and by the wor

Randy stock was quoted at soybeans this year and nuded effort, to do this

SURA PABRALL GAINS, POV |premlin: tere

Koran, Indo-China, Japan, British roles said that the there was a "polubility of sale Hargalo Indonesia, Egypt, Tran, trag, only thing remaining after of some beans to:- Hongkong." complained Byrld, Turkey, French Northwards will be revision of the But these marketk ktoo, Viha Africa, Greece, Italy and Woat final textil

Cermany

warned,

complained

MAAFISEN Unitel #//malitykin ahip.j

The world population con- Meanwhile, the British Em meat sleek bertok

was held in Rome ben bare er announced amelally M

the Italian Government that 1,000, British, tepoph will be soybeans weak ports? articularly tough popula.||withdrawn from MIR Bermuda Forhoods and Hong problem of its own and is Canal zone at the and, of the total about in 25.

ling part of the ^!uwa, coming Awek TALAMPAS,

+imans

wiarted, the

hares it bui Phowed olittlo The rubber