1955-01-03 — Page 9

THE CHINA MAIL.

MONDAY, JANUARY 3, 1955.

Page

Zionist Espionage Case Opens In Cairo

Misa Victorine Nino one of the scoured in the case in which 13' Zionists are acessed explanage for Israel and of placing bombs and explosive in cinemas, embausten anu oilier Miss Nino la buildings. The care opened before the Supreme Military Tribunal in Cairo, reported to have revealed that maps and Military Posts and bridges had been prepared to bo rent to Israel.—Express Photo.

Water Will Pay

For A

Hospital

Teheran, Jan. 2.

An Iranian multi-millionaire using American and British skills has built a hospital at Shiraz, in southern Persia, which is unique in the Middle East and probably in the world.

The hospital's upkeep will be paid for from water. The inspiration and the money came from Mr Mohammed Nemazee, a native of Shiraz, who amassed a large fortune in China, Indo-China and India and has now returned home to spend it on public works.

system

hola

that revenues

It is one of the most up-to date anywhere in the world and rivals the best clinics in Europe

the United States 1 it and specially-adapted design.

For instance, the building has partitions every few yard to

its

aginst walls aufegard carthquake tremors, a freqent occurrence in the region.

fresh water free under the terms of ais Amer lean-designed and will In 1962, he installed a

Vakt.

be stated in all key post by walor supply system in Shiraz. religious trust or I was the first installed by an By arrangement with the evil American specialists.. Iranian in the country. The authorities, Nemozte levied a tax of 100 els a month (about ten frush town of Abadan hus

but that shillings) for 20 lons of water a WOLT SGDDİN was put in several years ago by month supulled to each house- the Anglo-Iranian oil company

He stipulated for refinery workers.

derived from the water should The Shiraz

Is known systesn

(Waler go the hospital. Nemazve

of

to maintain Shiraz, this as Ab Neuzee) after is owner.

emed an attack on a hard-won Monthly dues paid by Shiraz hours holders linked to the right-like asking and ner or a New Yorker to pay a tax pun waler system g Nemazce to maintain the new £1,000,000 to walk in a city park. Newazce hempitst officially opened on January 1. 1965.

the water The fortunes system and the hospital are intertwined

me than the financial sense,

Pure water in plentiful and cheap supply to the poor people of Shiraz will vinforce the hospital's fight against illness and dibus.ze.

health standards

As Shiraz vise

1

which

fewer of the people will need hospital treatment, per- anltting the opening up of the institution more and more to the whale Persian Gulf ran Iran in general.

One

M

of

water

44211

day in 1944 NemaZE happened to be visiting Teheran after several years abr.ud and noticed an old woman scooping

from up a Unful

Joob. muddy

pen water channel, by the streetside which supplies the city with water.

The incident reminded him that the best way of helping lis countrymen

water woukt

fre

Each room has an X-ray pwer plug so that the patient need not be moved. When he has ti go to another part of the hostal, the lifts are big enough to ake bed as well so that he nesinot be transferred to a stretche

Teitially, the hospital has 250 beds, But the target, after len years, is a thousand beds in two new wings.

The planners being

TRADE and COMMERCE SECTION

PROSPEROUS YEAR IN U.K.

Economic Progress Should Continue

Throughout 1955

From RONALD BOXALL.

London, Jan. 2.

The year that has just passed will be remembered as the most prosperous Britain has had for two or three decades. Economic progress has been persistent rather than spectacular but it has been along a broad front. Scarcely any branch of business or finance did not end the year better than it began. And judging by present trends, 1955 will be even better.

Records have been broken in nearly

every field of economic activity. Industrial production was about five per cent greater than last year, reaching a new peak of forty per cent above the 1948 average in October with yet another record provisionally chalked up for Noveia-

ber.

per

4 <pri-

NEW YORK during the year finishing at strike threatened by the roll-

WEEKLY

COTTON

REVIEW

HONGKONG NEW YORK ·

STOCK EXCHANGE

(From Our Correspondent)

Business done on the Hong?~ kong Stock Exchange this morning mounta to $1,737,- 100.00. Noon quotations and the morning's transactions: SHARES DUvkas skižšRS BALER GOVT. LOANS

At Des 14 0431⁄2 10000 41 194

161003

DANKS

11 Bank... 1000 2000

Prin Asia

INSURANCES

Union

Lombard

DOCKS, ETC

K. Whart Dock

212

20%

21son 20.00

Provident (0) 13.60 10 2000 18.00 Wireclock 7.40 7.43 62001 = 1.45 LAND, ETC. HK Hotel

IK Land

Humphreys Really UTILITIES

Tram

Yaumati

Ferry

Electrie

- 15.70 15.80 4000 15.70

20 7011⁄2 300 * CO

24.90 21.30

1000 м перо 1700 70

1000 70%

2.1255 2.15 4000 4 2.12%

22.20 23.40 2000 21

1M

300 i 20 3300 * 22.20

STOCK

MARKET

WEEKLY

REVIEW

By Elmer Walzer

New York, Jan. 2. Stocks closed 1954 on a burst of strength that left industrial department at its highest level in history and utilities at their best lovel for 23 years.

Railrend shares had attained a how high since early 1030 Inte In the Friday session but profit- taking left it slightly below its best figure.

L

Trading was active with a 1300 12.30ssion 02, 4,430,000 shares on -

420 g 22.30 Wednesday, the biggest marke'

since December 18, 1950. 174 100 100 100 100

40% 40% 1000 à 40

500 401 03 40 2800.4014

BOD » ITO The market ran into consider <. Light (0) 18 18 10.00 1400 10.70 able selling on Monday, the lak

3918.00 day

made the sales could be 4219 10.30

include prosta Light (N) 15,00 1970 50 15.40gular way to

666 10.60 in the 1984 return. Losses could 100 15.70 bo registered to the close on

Friday

On

the list recovered with renewed vigour after sales fell below 3,000,000 shares the provique

fon session, Wednesday the Industrial average crossed the 400 mark The margin. by a substantial rise carried over for a time on Thursday but proff-taking left the list mixed, Friday saw new spurt in the industrials and smaller gains elsewhere.

Macno Elec,

Telephono

INDUSTRIALS

Cement

12 12.00

700 403%

2500 i 4012 1000 405

34 35 1000, 355

100 30 2000 30%

60030 4000 30%

41 4114 3500

000

40%

41

And this Increased. cutput | better aff in reni terms than they, possibly even a lowering of the bençited early everyone. A were at the beginning of the petrol duty. seven or eight per cent rise in year.

The dangers come from the weges more than outstripped the Companies shared in this god threat of

Inflation- lenowed Increase in priers leaving fortune and their ten per cent which the Government recog- workers about live

cent rise in profits enabled them to nites and promises to meet with increase shareholders dividendy strict measures if necessary-and by twenty per cont. Chiefly as the possibility of labour trouble. a result of this more liberal dis- The latter could have tribution policy industrial shares siderable bearing on the export on the Lindon Stock Exchange performance and it is for this rose no less than forty per cent reason it for no other that the

new all time

""high"-end still waymen unless their wage claim

Hoe't hos rising.

such serious EXTRA MONEY

Implications. Extra money available to the

The question

in everyone's public went partly to consump- mind Ir.wever CONCETTLS the tion which we by some five future status of sterling. Will per cent stimulated by relaxa- 1995 see the long-swalted advent tion of hire purchase restrictions of convertibility? In June. But not all of it was Most

consider the experts spent. Some went into personal possibility remote, New York, Jan. 2.

There are savings which reke during the still several economic hurdles Cotton futures trading year In spite of the tempting to be overcome before conditions went through a slow and way of goods in the shops al any ripe for convertibility and generally uneventful week.

that remained relatively as prices

as time slips past these will be. stable, After new crop deliveries were

come

fest q

Importance than nudged to new 1236 mal highe

was political Prosperity

Tho The matched by an improvement in Socialists are on Monday,

alld prices

off irregularly

Britain's external position, Ex-,,

The rail average closed at diminishing ports of on

convertibility so any posed to

Business was done merchandise

In the local 145.80, up 1.10 points on the were move to set the pound free will unomcial exchange volume of

market this week between seven and eight per almost Closing on Ewer ground forcent greater in volume then instwalt until

certainly now, have to morning at the following rates: the first time in four weeks, the year and invisible exports also Election. And if that does not Indonesian rupiah (per 100)..

US dollar (por #1) the General Sterling Hotel (per £1) 1st at Friday's close

was off

registrod a substan

substantial increase. bale compared with the pre- ceding work.

Factors acting in upset recent rallying tendencies included, 1. Technical considerations; Smøller producer entries the loan programme; billtios for increased

to

4

of inde.

at home

ndber

Rope. 10.00 STORES, ETC.

Dairy X. 1

Ria..

Walson Hia MISCELLANEOUS

223.20

16.30

Yangikes, 4.93 0.19 Allled

420 4.40

250 10

INDUSTRIAL AVERAGE

At the close of the year, the industriel average stood at 404,- 39, a' gain of 7.24 points for the final week of the year. It was. up-123.49 points or 44 per cont

Exchange Rates for the full year.

11 pointe--3 to 55.centa a higher earnings me in 1993 nelther will consum teals per 100)

end tax

and

ment final crop estimate of the BURSUTI.

NEW GROP

showed relative·sidadiness mort

trade

These

to

royay

recession was

The utility average closed at *0.86 15.62 62.47, up 0.90 point on the week, 18.40

was up 12.43 points or 24 per 27.00

cent for the year.

Singapore (Stealta) Indo-China plastres (per 100 11.10

LONDON STOCK MARKETS

Industrial Share Index New High

Government securities are up about 314 points to 103.35 and fixed interest stocks have advanced nearly four points to 115.82.

Steels were the star per- formers. Repibile starred in the group with a rise of nearly 10 points on the week. US. Steel guined 3%, "Bethlehem, 43% anek National Steel, 8 points.

Autos moved" higher ond finished the week with gains running to 2 points in General Motora. Chemicals had gains | running a higher metal group...

Textiles were given a whiri come went do 'new hight, Tobaccos revived, with good gains. Amusements were higher, featured by Loews.

Gains in the rails ranged to.

points in Delaware & 4% Hudson which declared an extra dividend.

Aircrafts were very strong early in the week after the Monday itp. Some building * issues made wido, queen

Substantial improvement was in some of the glass. machinery, tyre, liquor, electrical

now

equipment and packing issues.

Oils rallied after meeting sell- Ing on Monday. Peoples Gas helped lift the utility 'average to its new top.

TICKERS LATE

together vertibility. with the net that the terms of trade changed little during the year ended Britain to Increase cris and still record a her Importa 2. Shiraz undertakers rallied

VCTY BOOTY surplus in her unday together and demanded compen-

3. Passi current mlien, too. They said that purt

In the

year first half of marketing inevitably reduce

this of cotton hold back for year-maluding £24 million of de- mounted to £178 million their business prospects and Mr

rosons; 4. Renewed me Nemazce should help them over the jean years.

murplus of The hospital's "luxury" roms agitation on the ease in fence: aldi With the for rich patients, who pay doble, colten zereage He refused.

£154 milen

carned allotments next

In the Gradually, opposition ca have pill:w microphones for year; B. Reduced expert in-

previous half-year Britain hos various

grounds dled down radio recoption without inhr-`

thus schleved the favourable terest. although today, more than twtering with the sleep of rom-

Technicians pointed out that balance of between £300 and From Our Own Correspondent Fears since pure water began to mates

#year which the March contract, at Monday's £350 million Bow,

of some cnly 4,000 out

No ward has more than our high of 34.90 cents a pound, was

according to

to the Government is

London, Jan. 1. 40,000 Shiraz homes and pre- beds.

old. deble, London Stock markets have just ended the highest level in two months needed to Nemuzce water. mises take

Altogether, there are cleen

reserves and Most of the Shirazis accept uperating rooms. Pipes throdh-

up around $2.50 a bale from strengthen the

make how

investments abrezd remarkably prosperous year. How remarkable the low level prevailing on specially in the Commonwealth. the iden, however, that water out the building carry stum

can be judged from the following figures. trom million-pound Waterin winter and cooling wer Dec. -the date of the Govern

GOLD RESERVES plant must be paid for. Thein summer to maintain constat,

The steady growth of gold and Industrial ordinary shares measured by the obstacles remaining are chiefly drought-free rooms `and' vệ m

dollar nerves--during a year Financial Times index have come up 53 points practical ones.

hospital flatra. FT ONE thing. many of the

Now crop positions, however, when greater freedom was given

pond that since the beginning of the year and closed on foreimers to poor Shirazis cannot afford ten

of the time. Exchanging of old sterling in dollar markets and Tuesday at a new all-time peak of 188.5. Many shillings a month for water. Bul

deliveries con- Revere businesscouraging as

America experienced a fairly shares more than doubled in 1954. for new стор they are prepared to pay Ave

carefully retinued to be carried out anong Plans shillings,

'interests,

particularly in mind the fact that Shirais worked out to provide half the

commission

pest of Britain's economic pro- In

local normal monthly water supply the heart

interests. of Iran's that houses and

gross

In the year to the end of theso to

people by

where using territory

some 26000 Popularily of the later months automatic cut-outs when

the nomads migrate to winter (nd was based on prospects for a November the roserves rose-by 407 million dollars. And this

It has been a good year for, creused in the near future and was by providing amount paid fe has been cɔn-

tight supply situation on "free" 407 summer quarters each year.į

recorded after other markets too, Gold mine the concensus is that there will cotton before the next harvest. Increase was

Tickers ran late at each open- pure water. So Shiraz became, sumed.

They have provided spéial

taking account of the repayment shares have put on about six be no altération for some time, The recent improvement

ing and were Inte again in somo with Abadan, One of the two

For his 100 rials a month, the antiseptic chambers where that open market prices was

of 212 million dillars to the points to 96.03 and gold,"deye- The present firmness of twas in Iran where water can

closing periods. On Friday, when Shirazi is entitled to 20 tons of others who wish to have tirsidered likely by some quarters and

International Monetary Fund lopers are up no less than 41 Industrial share market is put the steels got into action, just be drunk from a tap.

water. This, he complains, ishables in hospital are to bele-

the Europezn Payments points to 135.88.

down partly to seasonal factors, before noon there was Water for Teheran and other far more than he can use. But, commodated first and give a

to attract cotton out of producer hands when

The large towns comes either from if they can, the Nemuzee water medica

tax year-end medical check. joobs, private wells of workers are determined to thrusters or carrying G teal

the pro whose buying has been largely The actual improvement in the has of course been aften, public

Sales for the malla, period was over.

the whole of sperity of busines during the

generally responsible for the year's rise of 20 tons

18,488,575 4 month

shares, largest on every smallpox or

talk about the serves

particular. a more prices, have by this time.com- Kanats

eping under householder, They

January Want to

distribution hospital when they enter

Ed ing of hedge selling" by mer the annual instalment of Interest

by the repayment or generous- ground channels through which educate people in the habit of these must be git rid of dung

polley ploted such polling operations sy since the week ended Dec. 10. adopted by most boards of were needed to raise cash for The latter, amounted to 18,505,- chants and shippors againat and principal on

directors. With water from hillside springs flows using pure water for washing the confinement period the 12000

company profits the tax collector and made, the

770,

mast since Feb. 1995.

.1054 Sales for the year by force of gravity to nearby

temporarily expanded purchases Amstricas Loans which will be up during the year by 10 per usubi end of year balance shoot rby well, as cooking.

from tenting

have towns

amounted to 878,374,622, i riso villages. от

in Apart

from growers, reflected in the December gold cent shareholders Shiraz

seen adjustments, inhabitants

ho of spot cotton

The average

of 81 per sent over the 1953 for midating and dollar occunt. price

their dividend cheques increase is generally owned

Nemarée hospital is expeed

STORES LEAD

total and

largest for any 15/16 inch cotton at the 10 water to set a new level of treatment southern markets, closed

for the years in value by twice that amount. So much weter to townsfolk and collects revenue is barely sufficient to for hospitals and elinies thr

the achievemente,

In spite of this (as investors What of the

Stores led the week's advance year since 1933.

The rise after -wecić around 34.25 centa

would my) belated rise · in; but there were good features in

the Monday

•Afuture?

sessions wa Joob

pound, water, although clear cover running expenses and so out the country,

attributed largely dividends the yield on industrial other markets too capodially a bale about $3.50 Or

WIN In general, hospital treatment

All signs are that coonomic ordinary shiores has fallen from among motor and over the

tobacco to it enters a town, son be a spacial reo is to be levied on

reinvestment of recently average Government

progress will comes filthy and today only the the 3,000-wealthy householders in Iran is rated low by Ameran

continue though 5.56 per cent to 4.81 per cent, stares. Some of the past week's accrued profits and of dividend cd Shiraz

slower probably at somewhat poorest uso it for

until more people join specialists and wealthy Iranit loan rate for those points. the scheme.

Invariably abrted for surgi Export Inquiries were season rate. The expected increase with the yield on Consols down buying has been attributed to and Interest payments which

one tenth of one per cent to American investors who treat for the final

quarter

rom above

rawings differentiel between in relatively high verning Potenila), 4 M Market men found with reive of a Foreign Operas materia and allod labour in trial forces and wilt-edged Buch, buying hos naturally Boon igal stimulating throughout B** By -paying. good

wagesho don

Administration purchino to a bazsør quarter, in the south of } ing fret class facilities and m authorisation of $10,000,000 to industrier; but there, is no securifter Has been narrowed by: odmountinted – on? Belten known talk from world and business?

indication that any interruption 05 perfornt during the year, dhe stocks and electrical and musical executives were ranking favour- Spain. Contracting period for

CONFIDENCE REFLECTED Wes 13 the costore will be January, 100 will occur through a slackering

industries, Fords, Bowaters and int men fill up drums and distribute, works, · Has set up free water etenulards in their hospital, 116. | March 11, with delivery to be" rendita".bladyngst: `wlib, persoriál: pes - Erum siréngikɛtʊ' strength. | for aphcial attention JME ME

andable pecdictions of good" things And still the Industrial market Unilevers have been singled out to come vinta 1969, United completed by June 3 Dealers estimated the cum sumcient to consumption rising as vlerat

**American This reflects Investora tor

and pital Adence that Britain' wave of buying has also helped falee, the cover the purchase of around in 1954

Fine:

continue in, the priós. ot-bopper shares it whose, 50,000 Balkan

Promowcity will

The Bank nda for goods Nig) Year and the bellor that attractiventa fs: enhanced", by!

vinew the national Tall strike threat" the recent increase in comm

kamate.

ore

The karst дп by who distributes the

In

19

individual

a weekly due.

when

anything

except washing their clothes.

In most renin elties, there

the

meantime,

con-

Union

the

another

The background of this boom The big institutional investors ticker age wenkt amounti

Comitibility for "bunch-/1954 will however Do somewhat und

reduced

in

the

By 1900, the water company operations of any lengthy trg.. blly slow, although the plating | prodiaSSONS IN Licely to be limited nay thi zmogus. that the car tracted to British atooks by thole ($3,000,000,000, na buha

are public.fresh water supplies. expects Ic

have 20,000 houses|ment,

In Teheran, fr instance, water on the tap."

Down in the poverty-ridden doctors and nurses, by

higest

from a spring rising inside a royal palace is pipod distribution point where water the town, the Nemazee water taining the

for a few pence to all parts paints for people genuinely too officials of the Namazce to

of

This is Shen's

Nemazed called a British

brightened Into in the week

#

the

alty.

water, shalKI

DI,

dor, the poon of pure first, the poor and superati

to pay oven önd shilling acetor

to make it the OE

from

all overho Only the best radio ilus in fran will be accapti 2,000. have appiled for en

I price for cotton.

ted

At the best been

water.

AL firm of consulting engineers in lo

complained that the

wy (the many British

1040 who designed and installed engineer) were trying to By 1902, the roservoirs, purl them because the water

the Shiraz water system,

plant pumping station

Weño com

and malls Shal of Iran taste

In fact, the ploted, Visited Shiron to Inaugurate, the cus

Nadszre, and his etho met thai frat obstacle.

The mid-Decemb

of

of demand. This is expected: 16.

ened for January Funfeam/rail- ly: price warmer claims are mat

will be avortedia