1954-10-06 — Page 9

THE CHINA MAIL, WEDNESDAY, OCTOBER 6, 1954.

ATOMIC CANNON IN GERMANY

Pare

The US Army's stomio enanon, the 280 mm "Boocaneer,” which can fire an atomle shell to devastato a city from a range of 20 miles, was used in "Battle Royal," the Western' European combined exercises in Germany. The mighty gun weighs 65 tons, ha completa mobility and can be moved at a speed of 15 m.ph. The gun is shown being brought into the firing position.-Central Press Photo,

Few Men

Too Few

To Tackle

COMMERCE SECTION

AMERICAN SHIPBUILDING

Biggest Peacetime Programme In Nation's History

Washington, Oct. 5.

U.S. LEAD PRICE MASSIVE TAX

INCREASED

New York, Oct. 8. A feading custom smetter raised the price,or lead ja ornt to. 18. Conta spond. New York, buzis, establish ing the highest price In almost two years.

Dealers coupled the strength with the higher. London market, › pilus CX- of Government buying for the stockpile In the

near future. Untied Press,

The

péciations U.S. Maritime Administration has announced details of a $401 million shipbuilding and repair programme, the biggest in the peace- time history of the United States, according to the Administration's statistics.

It is directed at keeping employment in the major shipyards from falling below present levels, which are regarded as the minimum necessary from a defence standpoint.

The newest feature of the their speed programac cails for expert-knots. mental conversion of four second world war Liberty ships,

In ΠΟΥ

from 10.5 to 15.7

announcing the pro-

HONGKONG STOCK EXCHANGE

(From Our Correspondent) in the "mothball fleet," at a gramme, Mr EC. Upton, acting. cost of $11 million. Their power Maritime Administrator, sald

Business done on the Hong- will be

doubled, two of the old Liberties would Hong Stock Exchange this mom more than from 2,500

horse be equipped with power genera ing amounted to $328,635. Noon to 8,000 power each. This would raise tors not previously used in the quotations and the morning's

U.S. One is a

a now type of gas turbine motor and the other * BUABES BUYERK AKLLERS HALES new motor developed by the Franch which generates gas under high pressure

The Mau Mau July Tin

Nairobi, Oct. 3.

Too few men to tackle too much--the constant headache of the authorities throughout the Mau Mau Emergency—has now become a close and personal problem for European men under 40 in Kenya.

The Government's first policy statement on manpower during the Emergency, issued here, has been followed by the despatch of another 1,100 call-up notices to men, 600 of whom will be required to replace troops and Kenya Police Reservists soon to be released from the Security Forces.

Compulsory

national

Kenya'b youth

elf-the

Production

The Hauge, Oct, 5. Mine production of tin concentrates (in long tons) for July:

World 15,800 tons compared (with June 15,100,

Bolivia

3,012 tons compared

comTM

it through a turbine,

and sends

OTHER FEATURES

The programme includes these other features:

1. Building of two passenger cargo ships cach for the Grace Line and the Moore-McCormack Line, at a total cost of $85,100,- 000. The Government will bear $44,600,000 of this cost. The Grace Line ships will be about 15,000 tons each and carry 293 passengers. The Moure-Mc- Cormack line ships tonnage has not yet been determined, but! they will carry 590 passengers each.

transactions:

DANKA

HK Bank... 1733 1770 INSURANCES

Union ...... Lombard

SHIPPING

Pin $20

511

Wheelocka 71% 7.70 DOCKS, ETC.

*. Wharf... 0015 Dock

11% vident (0) 38.30 14.20

LAND, ETC.

HK Hotel HK Land Humphreys Realty UTILITIES

Tram Star Ferry Yaumati

Forry

10.00 10.00

0715 0015

20

2,10 210

REVISION

IN AMERICA

Washington, Oct. 5. Businesses which have suffered losses during the recent economic slump may get $400,000,000 under a liberalised feature of 'the new tax law, tax experts said today.

I permits the company which

loses money in one year to

subtract these losses from pasWorld Cotton

and future profits in figurini taxes.

The idea is to help struggling young companies, which may suffer losses while establishing themselves, and to average out

firms.

one

Markets

the profits and taxes of old

Now York, Oct. 5. Cotton prices today switched The feature has been in tho, ing a previous four-day decline. over to the advancing sido halt- tax laws for 20 years in form or another. But it is now inge, prices scored gains up to In spasmodically active deal- more liberal than ever before $1.30 a bale with the nearby as a result of the massive tax October delivery leading the revision requested by President way. Eisenhower and approved by Congress.

At the close the list ruled 0 to The new low permits a com- were up 26 to off 1 point. Now 25 points higher, opening prices pany to carry losses back as far Orleans closed up 15 to 17 points. as two years and forwarti as much as five years in computing an adjustment of intra-month Spot month strength reflected five-year differences following the spell "carry forward" is the same of weakness at the previous as before but Congress added close. Delivery notices for 1,100 "carry bales on October were promptly

leken up by spot Interests,

Trading volumes and opening Interest in the Exchange today

their toxca. The

an

extru year back" provision.

on the

While the Treasury ment refused

to

Depart- make any

official predictions, tax experts were (in bales) said privately that business may Month

Volume Open interest

18.10 10,40 132 138

154 156 300 m 155

recover as much as $400,000,000 |D% under the section in the current fiscal year ending next June:30. May -United Press.

10,400

46,000

Dec.

133,000

650,000

Mar.

€3,000

€3,100

$2,200.

642,900

20,000

Oct

4,000.

Doc.

3,800

61,000

802

143

Mar.

100

.

Total

200,400 2,443,900 balen

C. Light (0) 15.40 13.00 1500 in 1875

C. Light (N) 12.40 12.00 1145 11.40 Elected 3114 3124 205

with June 8,100.

Tin metal production: World July 11,900 tons com- pared with June 13,000 tons,

Congo Belgian

August 13 compared with July 452 and June 218.

Belgium August 1,217 pared with June 637,

2. The trade-in tankers pro World stocks tin concent-gramme. Under this programme 'rates and tin metal at tho-end | the- Maritime Administration of June 83,100 tons, compared would take tankers 10 years of in the army, police or with civil tons, revised.

Only 650 Asians are serving to the end of May of. 68,000 ago or older at their trade-in

la Telephone 20.30 value,

and put them in reserve. authorities

as a result of the

be INDUSTRIALS. Would call-up, although registration July on of tin metal for Tanker

Cement 11,700 tons. United credited with the trade-in value figures disclose that there are States 4,580 compared with of their ald ships if applied 11,000 Aslons in Kenya between Juhe 12,300 and 5,300 upon the construction 18 and 30 years of age-the call-spectively,

er and bittor tankers. The up

group.

The problem of replacing men who have been fighting Mau Mau young men of between 18 and terrorism since the start 01 21-has recently come in for the Emergency, ntarly two some sharp criticism from the years ago and who are now to Government's Director of Man- be given a chance of returning power

power, Mr Mervyn Cowle. to clyBlon

officially lito, is

He said that many young men, described as "extremely difficult." particularly in Nairobi whore, on any day of the week criticism BCTVice

of idle and unemployed youths can be heard, were adopting, a "Pongo" attitude. He did not define the term "Fongo," but according to the Oxford Diction- terrorist not been dry it means "a large onthropoid | abia to forco thousands greeted

enthusiasm by African ope." Mr Cowle is also ned Kikuyu tribesmen to the hard-pressed European com- Director of Kenya's National them in raids an farme munity, many of whom are feel- Game Parks.

attacks on ing the economie pinch of this

police and army, continuing war against rebellion.

Kikuyu Guard posts, China Mali Special.

in the Colony is to be restricted to a minimum of 24 months and a maximum of 30 months.

Bul

the new rail-up, announced at the

saine time, has

with

Fur

many of the younger married business men in their

late twenties and early thirties,

Mr Cowie told a settlers' meet-

a call-up notice spelis something ing that he felt that the "Pongo" close to financial disaster. Few have the capital to be able to attude of some Kenyn youths

employ managers, and those who

was the result of boys growing

are running farms single-handed up on farms.

Against this picture of too few men for the fight and ancillary service is set the tremendous reserve of manpower enjoyed by the loose-knit, amorphous

bands,

who are

Gwders

30

17.20 17.00

2500 @ 1211⁄2

800-231 200.00 311 500.0 28.49

World Rubber

Markets

STORES, ETC.

Singapore, Oct. 5. Opening around yesterday's Dairy of new.

24.30 2415 100 m 24.40 close the market advanced on Watson....

Crawford 23.60 800 231% trade and factory support, Later. there was some profli taking.and SCELLANEOUS"

| little "selling from Federation Allled 4.12}; 1500 4.15 which caused slight reaction..

The undertone was quietly good at the close. Future closings:

L World production of tin plate programme now calls for 10 for July 300,000 compared with new tankers to cost 185 million, June 789,000, revised. China of which the Government ex- Mall Special..

pects to pay $20 million.

Oil Survey

and

In Australia

Sydney, Oct. 5.

Calling All

So

Doctors where they had

Bay that they will be ruined Some authority which they

misused, Ho ako blamed the

unless they can maintain personal altitude of Kenya-between 6,000 day-to-day supervision:

and 8,500 feet in the European "White Highlands,"

Discreetly,

In Code

bid

༤།

NAVY TANKERS '

D.C. & I. Trade No. 1 rubber rib.

Bulletin

3. The Navy tanker pro grammes. This calls for building 19 huge tankers, each of 20,000 tons,, at a cost of $142,300,000. Only four would be built for The Department of Commerce Immediate navy account. Pri- and Industry's Trade Bulletin vate interests will be asked to (Published by A.P.B. Ltd. and on the rest, under A printed by the South China A big oil company non-Australian rangements which would allow Morning Post Ltd) had been

them to 400,000 over the next two years years. Then the Navy would

run the ships for 10 larged to Includo advertising. In Western Australia in the have an option

The latest issue contains the buy country's biggest-ever of! search. retire them froin service.

and usual helpful trade enquiries, the West cost to the Government

beth local and overseas, and a The company is Australian Petroleum Property, estimated at 330 mililon. Ltd known as WAPET, which discovered Australia's first oil in Exmouth Gulf, West Australia, Jast November.

Caltex own 80 per cent of the company" and the Australian firm Ampol Exploration, Ltd. owns the rest.

Soveral thousand of the tiny European

Some population of 42,000

boya emerged from have worked and fought against public schools here with an terrorism

idea of their own in various branches xaggerated of the Security Forets-many of importance and ability, Mr Cowie them as

volunteers.

"There is But the declared.

Is an element

Oct. 5. strain, financial losses and the growing up of Konys chaps who knowledge

Two men have work- that

Mau are irresponsible, Mau

uncouth and

The company's experts be terrorism may continue for unreliable," he added.

ed out a way to send out love profitable oil fields may be discovered near Exmouth Any large-scale criticism of the years have combined to produce

in large hospitals with- the urgent calls for doctors dur. European

community's alleged

The decision to spend the pulsory service

Ls here by accusations made against

making diturbing money follows' talks of company heads in New York and Perth the Asian ons

population. And the loudspeaker appeals,

in the last few weeks-London fact is that the registration and Appeals like: Calling Dr Express Service, call-up of Asian manpower have| Kildare

... wanted in surgery. bren a woeful disappointment.

The new system, successfully

a marked lack of enthusiasm for lack of enthusiasm to do com

further conscripted service.

No less than 130 out of 200

quickly met out

Dr S G. Hassan, Director of tested at St. Thomas Hospital, Europeans called up in July and Asian Manpower, has revealed London, works like this: 100 out of 124 called up in that 30 per cent of Asians ignore Each doctor carries a breast- August have appealed against call-up notices served on them pocket radio, the size of a having to do full-time mlional and Kanty, eanI

be packet of 10 cigarettes. <ima

never

service and there is general traced. Seven of eight out. All round the hospital runs

roughout the Colony of

every ten Astors (Bent | an aluminium wire loop, which mon who have already to Kenga Police Reserve have acts like a transmitter.

and

completed several years service 100. Aslangent call-up

bcon rejected and out of every

Force

In the British Army, Navy

World World War II.

To

noticed.

Pakistan, Japan Trade Agreement

to

The

was number of interesting articles jabout Hongkong industries.

Och

Nov.

Dec........... No. I rubber per Ib.

Oct.

No. 3 rubber per lb.

Oct

No. 4 rubber per Ib.. Spot rubber unhaled Oct.......PURAN Blanket orepe

No. 1 pale crepe...

NEW YORK

Prices of cotton futures closed

today as follows:

Spot

OOL

Dec.

Mar

May

July

Oct.

Der

Mar.

35.50

34,70

34.99

35.24

20.44-45

-35.39-40

34.92:

*NEW ORLEANS Prices of futures closed today

as follows:

Spot

Dec.

นาม

Mar.

43 11/16-73 19/30

MAY

unquoted

Oct.

Dec.

7234-7294

*NEW YORK.

Futures closed today unchanged to 8 points, lower with sales of 52 contracts.

Mar.

LIVERPOOL

358485888

Official values for spot cotiona include: (in pence per lb.). Americas middung 15/18

inct

***** 14th inch Brazilian Bao Paulo, good Mexican middling 1-32nd Dikerm ware unchanged.

United Press.

Futures anttled after a firm Military Sea Transport Service, one

opening, only to tighten up again 4. Four special ships for the including two reinforced for cottage industries the menu-

of the Colony's semi-dealer buying and covering. Arctie use. This would cost the racture of artificial Jewellery strike of local pier workers The unexpected overnight Government $50 million.

It is interesting to note that at the close under renewed New York Sugar

13

Market

New York, Oct: 51 World No. 4 nugar: futures closed today

unchanged to 1.

point higher with sales of 44

contracts...

making headway and five

in 5. Conversion of four of 35 factories are registered with the caused considerable concern

the forenoon, but later tension mariner

Experimental or relaxed Department. cargo type vessels of

ពិទ traders ders have been received from

supposed 13,000 tons and over 20-knots speeds, which are now being the United Kingdom and it is acical quarters would take some action looking toward a settle- built for Government service thought a good market can be

ment of the walkout. and which have been bought

developed.

In the spot market, dealers Domestic No.0 sugar closed the American President Lines. The Bulletin is available at reported "only a nominal busi 3 to 5 points higher with sales Modification for. service would call for about the Government Printer for $1 quoting at 20 cents. Future

commercial the General Post Office and from ness with spot No. 1 sheets of 205 contracts. $6 million work.

closing

bwa kwWorld futures held steady in an otherwise featurefces mar-

by

6. A repair programme under which 54 ships selected by the Navy would be taken from re«. serve feets and put into condi- tion for quick conversion to active service.China

Mall Special,

New York Stock

Market

́ ́IN MORSE 2

Karachi, Oct. 5. either during or since only ten are found

When a doctor, is wanted, a for service,

Pakistan and Japan have He acced Asian political girl operator sendis DUB... his reached - agreement on the main bodles" und "commercial

people code-name in morse through a points of a new trade agreement,

New York, Od. 6. encourage immigrants and of falling to Aston doctor in in the hosptial, his today.

help him in microphone. Wherever the according to reliable sources here Rail shares asunod market ensure that they are given the his task

BJP leadership today, with Trade delegations, representing | gatus, ranging to 3 points. In Arrivals in the Colony are given

Then he calls the operator to

bogh countries are now drafting Union Pacific, falis in Allantio a period of two years in which munity are “selfish" and "look find out where he is needed.

a propoeet new dreaty, which | Const: Line. Their average-Was they are not limbio to be to their own businomės rather And the patients don't hear; a

will clextand, for one year): UP: $1,35, conscripted.

than to the Emergency.

delegatics aosarwen gaid:"

chance to settle in, all now. Interests among the Asian com

says that commercial tiny radio picks up the signale

·

of the

But the continuance Emericicy with : Jaw nigram #Kent

It wil and quickly is deunting hundrade of prospective new sezilars Ertim. Britain,

said fueuit

Ons Bluthessman Wawks new staff, new from Brain, bus proped candidate are unwilling to the possibility of being requi

sever I do draw, a mati

¿he declaréd," : "It 'great" deal" of

thing.

The tiny radio battery.iid:

sistors old

"new

"tráf=|| treaty. Cena An

WINNIPEG CRAIN MARKET

Winnipeg. Oct. 5. Prices of grain futures closed today in Canadian cents per bushel as follows:

May

NEW

SILK

Doc.

Ma

May

·July

Dec.

LONDON

58.88:00

The market was stendy with No. 1 Ras spot quoted at 21 15/10 pence per lb. Prices: Bettlement house ferma PA

Nov. Doc.

JAT/Mar..

· Gonent marketa, -

Apr/June

July/Bept.

Oct.

NOT.

Dea

The

Prices', cle

very, stendy.

"in" guilderg

+

Firmnda In. domestic futures reflected the recovery in raws and techmeal replacement buy ing following last week's drop to son low prices... Dealer thought

the

plor

workers strike, would simulate the demand for refined sugar, akhought buyera recently lock- ed up pardally because of the impanding threat of a trucking strike. Fulire closings

Contract No. 4 (World)