1955-01-27 — Page 9

THE CHINA MAIL, THURSDAY, JANUARY 27, 1955.

! OUR WEEKLY AVIATION NEWS

}

'Page

P. R.

Griin, Caplain J. Monro, Captalu S. J. Brown, Captain P. C. Ward, Captain Captain K. T. Quirke, Captain D. H. Symington, Captain J. G. Simpson and Captain A. R. Marks, the British European Airways pilots who have been seconded as an Initial step in The pilots will start flying training resuscitating the German Airline, Deutsche Luthansa.

the

programme at Hambura to qualify them in tying the Convale 340 altliners with which the D.L.H. I now equipped. With Capt. J. Munro, of the B.E.A. Training Flight, in charge, their training will continue until April, Captain Munro will be assisted by two other B.EA.

When Brown.

D.L.FL. Training Flight pliets. Capt. P. McKeown and Captain B. J. scheduled services start in April, the B.E.A. en plains, wearing Lufthansa uniforms, will be in command with Germans as their co-pilota. The British captains will fly for the D.1.H. for 12 months, by which time the German pilots will have become qualified to take over command. -Express 'hoto.

New Transonic Jet Fighter For The Royal Navy

Since World War II ended) scheduled to complete 250 hours in 1945, one British enter. of route flying by the sumber prise alone

has delivered

of next yetr

The 2,000 hues of thight testa will include full-scale trop

well over five thousand air- craft, from its various fne-trials In Africa, and tests from

tories at home and over-

METIM

Puos

air

This is the impressive record. of the de Havilland enterprise. which also announces that output of post-war jet fighters Nearly Inte thousands.

nilird twenty Commonwealth, and friendly

forces are equipped with these fight as well as the R.A.F. and Ruyal Navy. Many more de Havidund Jet Aghters have boots built abroad under Hernee2, together with the engines which tower them.

11

Now the de Havilland enler prise } to make yet another contribution {> Western <f fence, for it has received order for the construction of a new type of all-weather Bghter, for service

Royal with tha Navy.

as he The new plane D.H. 110. which is the fastest and most powerful fighter ever for se to go into production from British aircraft carriers.

The DH. 110

the

Brst treraft

transonic light uvlution, To give at diving speeds speed red i}}}}

will also be

to introduce British naval full control above the St has been

litted with power-operated con trola und 1971 all-moving tail. These are also fully effective at for the_std_sted neressary landing en an aircraft carrier. The 110 has already made a number of touch-downs carrier's deck. in the autumn of 1934, and arrested carrier will follow later this landings

year.

ofi

Guided Missiles

an aerodrome Glohannesburne siluated at high niturela,

which were carried out

14

sults of the Brian's

hot-weather liminary Idris, North Arrien, in October will the airliner suggest that fully achieve its performative Wergels.

another Meanwhile ye Britannia will be on test Įra the huge water-lank which was at Farnborough Lor bullt structural fatigue tesla, The too are scheduled for comple- Don by mitt-1955

Rigorous Tests

Bendix

Flight Control

equip,

ment is automatically cut of and the tanding manoeuvre continues visually The Bendix landing development Increases regulority 10 1 considerable extent, thus preveading" res

uling and/or slacking." The 707 Jei transport proto-

fown 1) pe has

at altitudes higher than any other aleliner in history, Boeing Airplane Co. said.

The Seattle firm Kuve gures but reported the plane has cruised "substantially higher and at greater speeds" the 42,000 feet and 580 than mph announced previously.

of the 12 hours of flight Hine on the plane, all but two have been own with the cabin pressurised, officials said.

TRADE and COMMERCE SECTION

BELGIAN SHIP INDUSTRY

Building And Repair

Yards Are Great Asset To Country

The importance of shipping to the Belgian economy proceeds from various essential factors. In 1952, a year of good output, 13,000 workers were occupied in the building and repair of ships; the ship building yards received orders to build 31 ships, representing a value of 2 milliards, 400 million Belgian francs of which vessels to the value of one milliard nine hundred million francs were for export.

The ship repairing yards at Antwerp had a turnover of one milliard and a half Belgian francs and, in addition, the Belgian merchant service, during the same year, brought in assets of more than two milliards of francs as a contribution to the national balance sheet.

some

This strow, therefore,

dues from foreign shipping of and tools in the Wallon, part of three milliards of francs in ships about Ave milliards, carned by the country, and the Belgian for export and repairs to forelin the Belgian ports in services Congo supplica the timber.

y esscla and mone than two alone without mentioning inland Miners, metallurgists, boiler- milliards in freight-an invisible | traffic by rail and waterways, makers. atters, eléctricians, export--or nearly five milliards almost the whole of which ia | blacksmiths, carpenters, fur of franes to the credit of Belgian | provided by the ports for inter- |nishers, painters and mesons. foreign trade.

national destinations.

all and work in shipping.

This statement would not be complete without edding port

World Cotton

Markets

New York, Jun, 20 Coitun fulures nx.ved

tr- regularly over narrow limits to- day with new crop positions showing relative heaviness.

4

ao

test

is

By mid-January. Boeing ex pects to begin the third period on the 707, which now lid up for minor inodi. Beations, instrumentation, 100-hour inspection of the four

Whitney

ney JT-3 (J57) Pratt &

of engine engines. Inspection Components is being curried out with the J57's still pod. mounted on the plu

Plane Bucing

The rigorous test programme also includes the Proteas turbo- prog engine, which is at present the only engine in the world of its size fully approved for the torrlage OF Fare-piyak | ** passengers,

By the target

shuse date engines will hove more than 11,000 Byng hours, apart from

of the 25,000

bench- hours running already completed.

Never before has a elv!l air- Jincr

-- been put through prces to exhaustively.

The Britannia shows promise of entering service

the at completion of this programing By the most rigorously

tested airliner in the world,

When British-built West-

land helicopter flew to Spain 10 recently for demonstration Spanish and Portuguese officiala it made the Journey under ita

Now Bristo power, OWNL

M

As for the labour employed in the shipyards, one must count

30,000 EMPLOYED

to

and installations; whichists the possibility of

number of

for each worker employed on a In short, sta-going shipping ship, two

du,000 to three

employment who are Gives

Belglans and ecupled in allied industries such

provides 10 as the making of steel plates and milliards of tranes as pays for sit the

commercial balance of the migle pieces, machinery and tools, apparatus brings the tobal workers engaged in the shipping extending the maritime potentia- industry alone to nearly 30,000. is both with regard to the To this must be added 3,000 seu- traffic of the ports, in industrial men in regular service and 15,000 activity, and the movement of dock labourers apart from the Belgian shipping as a whole. thousands of other employers oc-

single port of Antwerp 48 million tons of cupied in shipping firms and can handle industries.

DET

year, One can estimate at merchandise over 00,000 the number of

of including the traffic of the new persons finding employment in

But the scu-traffic in port. the whole field-

export and Import of Belgian goods for

during 1953 increased to just Just over 28 million tons including

At the close the list ruled up to off 8 paints. Opening prices were unchanged to up u

New Orleans closed up shipping. points. 2 to 0 points.

Shipper covering against ex- The labour employed by the port sales of raw cotten, mostly | shipbuilding yards end shops is to European countries, and mill | highly qualified and extends to buying against textile orders, all callings and all parts of the the new crop positions felt the country.

of realising by tho late buyers, plung

Tho Large

shipyards are

World Rubber

with hedge selling attracted by situated in the Flemish districta the main suppliers of machinory the recent advance. Recent buyers awaited the Congressional con- developments on acreage and

trois and other form legislation.

Other traders awaited

tho weekly report on producer loan impoundings scheduled to be Issued after the close.

markets secounts Textile noted more price-checking among

buyers for delivery fourth through the quarter,

Trading volumes runway

reported the 707 was operated from a 3,800-font Laxl strip paralleling the main 10,000-foot runway Field while the main was under repair months. "On the

aeroplane W33 leaving the ground after using less than halt the available run" of the taxi strip, Company sald.

Markets

Were

the market and sellers

were reserved.

at Boeing

most

for two take-offs observed

were: Month March

third and

and

open fr interests in the Exchange today advanced

There during

Volume Open interest

42.400 470,000

armed

May

42,000 1,180,000

the

July Oct.

30.500

070,400

23,800

103.900

Dec.

9,200

118,900

March

7,500

07,000

May

0.000 71,600

July Total

200 170,100 2,073,400 kalem NEW YORK

+

No. 1 rubber per (b. Feb. 10894-107 Mar. 106-107_ Apr. unquoted, No. 2 rubber per ib. Feb. 10-100 No. 3

102 103 102-10433 100-1064 90-00

111-11

Cut-rate Line

The future of Icelandic air- line Loftleidir, as a “cut-rato" North Atlantic operator became Sycamore helicopter has been flown to Eire in the

In the coryo hold

Jess bright last week as a re- of a Wayfarty

besult of the denunciation of the freighter longing to Aer Lingus. It is bilateral air agreement between undi Sweden by the giving demonstrations in Dub- leeland

Future closings were:

The

Penang Exports HONGKONG

Up Last Year

Singaporo, Jan. 20. The North Malayan port of Penang exported 37280 tons of in and 198,254 tons of rubber

valued #t MIS510,493.014 (about US$170,160,000) during 1964 -- an Increase of MS18,794,841 US$0,260,000) over previous

the

year, official

stallaties show.

Trade picked up in the last quarter of 1954 when 8.630 tens of the and 51,801 tons of rubber wern ship- ted abroad. The United Biates bought through Penang 1,000 tonn of tin and 2.223 tons of rubber turing December, 1954. --- France-Presso,

New York Sugar Market

New York, Jan, 20.

STOCK EXCHANGE

(From Our Correspondent)

Business done on the Hong- kong Stock Exchange this mom- ing amounted to $783,265. Noon quotations and the morning's fransactions:

BILARES BUTENS BELLERA BALES

BANKS

JJK Bank East Asin

INSURANCES

Union

.. 2100 2120

214

2 @ 2115

Unterwriters 10

DOCKS, ETC.

K. Wharf Duck Provident (0) Wheelock

World No. sugar futures to LAND, ETC. day closed 1 to 3 points lower with sales of 125 contracts.

Dorcatie No. 6 sugar futures { polest lower to 1 point higher with sales of 220 contracts.

acncern

HK Hotel

HK Lund Humphreys

Really

Tram

Realising the hedgo selling UTILITIES upset the world contract follow- ing early firmness imported by over the Far Eastern Commission political situation houses,

dealers refiners, and were reported on both sides of the domestic contract,

May

..

4

957

છે ઘર મ

10 90715

1000 10.60

10

27.30 200 ZT

16

1.35 7.40 4000 ₫ 735

3000 7.40 $400 W 735

..3615 18.70 1000 16,70

30 300

60

Star Ferry

Yaumati Ferry 10

2500

400

BEN 1000 @ 3.18 5000 2.1215

22.20 500 a 22.30

200 a 23.30

100 300 @ 160

000 à 180

200 60

C. Light (0) 17.90 18.20 2000

Future closings:

Contirnet No. 4 (world)

C. Light (N)

18.70

Electric

Marth

3.18

Telephone

3824 100 347%

3 19

July

23.17

INDUSTRIALS

Sept.

Spot-cams per la. Tub

Cubal

Comment

42!1

3.10

STORES, ETC.

Contract No. G

Dairy

nut

March

8.49

Watson

24.40 400 24.00 17.90

May

3.52

L. Crawford 201

July

8.03

COTTONS

Sept.

1.00

Texilio Corp.

0.05 500 m

Nov.

0.07

March

5.42

Nanyang

9.40

May

Spot-lernta por ib. elt

NY ex-duty}

5.50

United Press.

8 million tons of ell tram which brings the initial figure up to 23 million tons. The Port

of Antwerp could therefore face

up to double the tree which exists at the moment.

As for the Belgian shipbuild="

yards, ing

their production capacity is 114,000 tons of sen- The going vessels per year. Cockerlil shipyards at Hoboken, ehrged by the addition of the

nas

warp Engineering Company

д

an

and dry

each year

area

docks six

MISCELLANEOUS

Yangizze .... 0.05 0.38. Allied

1000.00

4.421⁄2 411 2459 @ 4.40

Political Attention

For Coffee

Washington, Jan. 26.

Coffee received more political, economic and

ail diplomatic attention during 1954 than ever before

in history.

(x-

Singapore

Stock Market

of 16 hectares (nearly 40 Bos); the slipways dan complete cargo ships of 11,000 tons, that is 00% of the total production capacity of Singapore, Jan. 20. The rubber

Powerful market opened loctric cranes can handle

the Belgian shipyards. Po on oversens advices and det

the such as steel- throughout the day. heavier terns

Numerou investigations, pre-assembled hul some acceptances plates,

and legislativo the afternoon which suctions, boilers and machinery studies, reports

proposals were undertaken here from the Seraing works at Liege during the past year which have Ono 120-ton

crano has

had a few, concrete, results, horizontal reach of 20 metros,

Consequently, although supply The Bock shipyards at Tomise and demand may, again lead to on the Scheldt, have a capacity prices mutually satchfactory 100 of 28,500 tons of shipping; a consumers and producers, hauling slip-130 metres long is perts predict that publie and intended for the repair of the polkical interest in the world coasting coffee situation will continue in large

Rhine barges, versels and trawlere; the slip attention this

year ays normally allow

for the

United States consumers were construction of cargo ships up displenaed

the hard up- by NEW YORK

to

5,000

tons but recent under-ward trend of toffee prices in taldings surpassed this figure the first half of 1954. Political Consolidated Futures today closed 7 to 50 cargo ships of 6,000 tons, oil-remedies were

by ugilated points high with sales of 185 tankers of 14,000 tons, and

asonic Congressmen, and the Fraser and Nave

Federal

Ltd.. Trade

Onlinary Commission | floating dock of 20,000 tons.

SIRUO started economic and legal in-

Frator and Neave Futures settled back after i

TWO SLIPWAYS

vestigations.

Ltd. 7 cum. Arm start, only to firm up again

In the third quarter coffee pref Tind shipbuilding yards of prices turned downward,

and Hongkong

Birbal Dank at the close on dealer covering.

Rupelmonde possose, nothbly, in the fourth quarter they Corporation

(Colonial Quietness prevalled in the spot two slipways for coastal vessels lovelled off. It coffee prices

Re- mister) market, failure of Singapore of. 1,000

The Bdford, should move sharply upward in

Malayan Brewerian market encouraged sellera in the Crighton and Co's shipyard at 1033 consumers' ogitation would stantes flotel,

No. 4 Prices of futures closed idday Spot rubber unbaled "..

Blanket crepe as follows.

No. 1 crepe palu

Boot

Mar

Mey

July

lin to ofcials of the Elre Intter nation. At the same time

Oct

Des.

of

As its primary responsibility

In service with the Royal Navy will be the destruction

bombers a

enemy

July

29.20 34.07-70 35 01

38.19

NEW ORLEANS Prices of futures alcsed today ca follows:-

Spot

Kfar.

May

July

Ock

Doc.

could

Mar.

May

July

Mor. as it denounced the agreement, Government, and arrangements

Kay Government 1- high have been made for a landing the Swedish

vited Iceland to send officials altitudes, the 118 is designed in the city centre, as part of

to Stockholm for talks on the these deinonstrations, to fight of well over 50,000 fest, and it will carry guided missiles The

used for subject. Meanwhile, it is re- Sycamore is

that the Danish and as well in its normal armament

passenger - corrying, oir-sea porie

Norwegian

are governments of 30 millimetre cannon. Power

rescue, and as an ambulance IR derived from two Rolls-

planning actions similar to that Bircraft. It already

15

In

taken by Sweden. engines of the service with the British Army Royce Avon

If all three Scandinavian Intest mark, which are situated Fighter and Coastal Commands

co that if the of

nations terminated their agreC- close together

R.A.F.. tho

Royal 10

the non- plane is damaged in battie

Australian Navy, the Belgian ments with Iceland, adequate control remains with Air Force and British European IATA Icelandic airline

longer carry traffic between Airways. In the fight against

and New Mau-Mau a Sycamore is being Scandinavia, Iceland

ver York, but it could continuo

LIVERPOOL present altitudes in the Kenya operations

Cotton dosings, Hamburg. Loftiddir

operates middling, 15/16 Inch, in two

Blights

between per Ib. were as follows: weekly Hamburg and New York Keflavik: one cally at Gothen- May/June Interavin says: "Air France burg and Oslo, the other

only one engine operating.

For night fighting and opera-

tions in thick cloud,

will be fitted with

kenelve

the 110 used for operations

compre high

Intent range of tho

reder equipment. Its range wil

be much greater

than that of

mountains.

tho presort

Approach Trials

An unprecedented programme

the Sea Venom

all-weather fighter of the Navy,

no

to

European terminy

A perfect safety record

of fight testing, designed To In collaboration with Bendix Copenhagen and Blavameer, achieve 2,000 fing hours by Avsition Corp. began automatic mid-1060, has been planned for approach the glanb

Bristol

turboprop airliner.

trials

هاو

34.50 34.09

contracts.

tons.

Wed, forenoon, bụt after the local Ostend possess, amongst othe; be reactivated.-United Press.

35,22

35.08

4.14

3341

35.41

56.30

futures market climbed offerings things, two slipways for versel tightened up again. Spot No. 1 up to 120 metres in length, such Ras sheets were quoted nominal- { ne two cargo vessels of 2,000 tons. The Sabarnyard, at Bruges Fly: 80% cents a pound,

"ern build two cargo ships per

year of 1,350 tons

Future closings:

American March

peace May July September December" March

23.00

· LONDON

36.40

This tonnage indicates the 3500 recent progztas shown in Belgian ahip construction," and which

im tallies with the growth of the 3480 Morchant Navy.

The

Chicago Grain Prices

Chicago, Jan. 20. Closing prices Prices per bushel In cents: shipbuild- Wheat, No. 2, red ing industry, finding in

Mar. 23312(21) 233 (14) stendy market, has been free to may h

Sept

•this

Spot

The market was steady. No. 1 participate more easily in foreign Filly In this domain NOV qucted at 31 markets too.

definite success has rewarded the core, No. 2, yellow notable efforts made by an

at

Kłarch/April

July/Aug.

52.44

22.00 32.40.

OGL/NGY. Dec./Jan.

unquoted Official volues for spot cottons

Rsa spot, wid

American middling".

15/10th fnch American S, La middling. Mexican middling

pence per b

J

Prices: No. 1 Rao' spot' ..

31-21

'20:00

Settlement house team)

March

1-1/and trols ...... Oliers, were unchanged

64.30

April/June

-July/Beypt.

Det Dec.

“Giterat⋅ markets, dit Feb

Makeis

·12 | Kitate crepe. thick:

for in February U.S. laternational lines and

Include: for: low fatality rate Britannia 1954 and these were continued now

in Poria in May. These teste domestic carriers combined to

now approaching No fewer than four Britannias aro

all-time their produce an

safely will take part in this intensive end-phase,

record in 1954, for U.S. coli- It is planned to fit all Blying programme, which will

Air Acated seriors, the At Trans- *has an". Associations procedo crvlees down by the Franco Lockheed Super Con- port airliner on the Empire routes of stellations with Bendix Flight Bouncod the British Overrons Airways Fath Control equipment which, Overall rate for the domotic Corporation.

as, le known automatically in- and International Hines was.107. and fatalities per 100 million The proto-type aircraft, tegrales ground signals engaged on engine and pro- from those controls the oppoenger miles. It was achieved will handle the proach of the aircraft in all with the airlines flying nearly peller tests, bulk of the routine. develop aspects (Le control surfaces 35 million passengers over ment flying at an average rate and power plant). As a result, billors pasourer nil of 6 hours a day; the first and the aircraft is kept on a perfect the year, Internation

socónd production; aircraft will trajectory for radio-controlled have now hown mo undergo the detailed tops descent during the approach for month without her necessary to obtain a pertinesse landing. The pilot can thus | whilethe 55 of Kirworthiness, at the rate of comantrate his entire attrition 75, and..80 -hourŃ, a/month” on the control of the airorast ás spectively while the third alt mach during the approach (alatoj: TRENORUM brocheilonline blade chambre-axed valtitude the

Cottonituro.. ruzeiros per follows:

Choro

Spot

July

and foresightest direction, Mar.

last few marty orders have been

eplaced sept. with Belgian jahipyards og vessels of the sto Important, Rye and most specialised typos Unors May of up to 23,000gress tone and ot oll-tankors of 30,000 tons doad welzisb

Armo in':ropaks to shipping erable trans at thate

which

Mar

Singapore, Jan. 77. Brokers today

the quoted following stock prices

Jun, 26 Jan 27

Closing Opening

British

Petroleum Byn- dicate

Borneo

34/-

34/-

Smelters. Ordin.

20/03

42.02

$2.02

$0.00

6.60

גן.ט

Singapore Cold

Storage R

$1.01

South Brilleh

Insurance Stratis Trading

Steamship' $17.10 Valled Engineers,

Ordinary te $13,40 Wernie Brothers : 12.9 Hong kong T

Petaling Tin 1979 $3.56),

cum-dly. Cum-capitą ↑ WIN KAY.

(税

China Mail Special,

New York Foreign

Canada England

Exchange

NOW YORK

London

EX

oreign