1955-03-09 — Page 2

Paro 2

THE CHINA MAIL, WEDNESDAY, MARCH 9, 1955.

KING'S PRINCESS US DOLLAR AUCTIONS

★

AL 289, 5.15, 7.20 @ 9.30 p.m. || A1 2.80, 8,30, 7.30 & D.30 p.m.

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to the wall, (iv)

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GENE KELLY

Grim faced Andrei Gromyko, Deputy Foreign Minister of the USSR. listens to arguments put forward at the Five-Naljon

Disarmament Conference at Lancaster House, London.

The talks, held in close secrecy, are likely to have far reaching effects in future world peace, Mr Gromyko flow specially from Moscow to lead the Russian Delegation as the talks-Express Photo,

Nuclear Formations

Test In Germany By British Army

London, Mar. 8.

America Accused Of Stimulating Korean Inflation

NON-ACCEPTANCE OF. HWAN BIDS

Seoul, Mar, 9. The South Korean Finance Minister, Mr Lee Jung Jai, in an official statement tonight, accused the United States of "stimulating inflation in Korca, making prices unstable and jeopardising gains already made in stabilising the Korean economy" by "arbitrarily" rejecting most of the bids submitted in the United Nations Command dollar auction.

Mr Lee's statement was issued shortly after the Director of FOA, Mr Harold Stassen, told a Press conference here that the United Nations Command would continue to sell aid dollars through regular auctions.

Mr Lee said on February 28 the United Nations Command rejected all but 20 blds out of 500 bids submittext and vold only about a half of the $2,000,- 000 offered for sale.

FG MILLION IN BIDS

The Minister asid about 16,000,000 In bidn made on February 28,

were

sale of the

He claimed the $2,000,000 Edvertisert would have been at an average of 178 hwan to the dollar, only nine hwan to the dollar lower than the average rate shown by the 89 accepted bids.

Mr Lee said: "It appears that the refusal to sutisfy the de- mind is actually a manipulation designed to increase the de- mand for dollars and decrease the value of the hwan This defnitely stimulates inilation, makes prices unstable and Jeopardines the gains already made to stabilising the Korean economy.

currency is Auctions which dis-

"A slabic

regard the

British Army experiments with nuclear forma-paramount. vast bulk of builders tions stripped of “administrative clutter" are to do not contribute to slability." be tried out in Germany during the next training season, Mr Antony Head, Minister of War, dis-preted here closed in the House of Commons tonight.

Mr Head speaking in a debate on the Army budget of £542,750,000 for the coming year said two formations had already been carmarked to become experimental units to try out the very drastic revision of the organisation to see how it worked.

VAN JOHNSON

B

The greatest need of nuclear and atomic war, he said, was to eliminate the "elutter behind the army.

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11 LI-HWA

ADOPTING US WEAPON

Mr Head also said the Government had decided to adopt one

ct America's artillery Aulded missiles, the Mark Two. of the "Corporal," which he be lieved was "ahead of any ather ground to ground missile in the world.

He said the War Ofee was sending officers and non-com- missioner officer instructors for there units over to the United States in April or May.

The unlik themselves would bo formed next year. 'The Army would then have Rome- thing which would prodire ad- ditional firepower. It tended to introduc: E lo B:sh Army in Europe,

Mr

Mr Ler's statement was inter- demand that

ns

Stolen Hearse

Found

Berne. Mur. 8. A hearse WRA found Soday At Bumplita near here some 24 hours after it had been stolen from Ka place in front of a house while waiting to recelys a coffin.

When the employces of a funeral parlour CAMB down the stairs with x body in a coffin on their alioulders, the hearse had vanished and they had to Carry their burden back npstairs.

The police were not Bure today whether the disappearance Was tha work of a practical Joker or not, and they are con- Mouing their investigation, -----France-Presse.

Soviet Accepts Obligations

Moscow, Mar. 8. the United Nations Command The Soviet Union said today Full all the amount offered for that she accepted Czarist Russia's sale in coming auctions regard-obligation In signing Inter- less of the low average rate, notional Conventions in 1890

The United Nations Command

and 1907 on the pencetal settle- of differences between Economic Co-ordinator, Mr C.

of war, and the rights of neutral

ried out according to the law of

Tyler Wood, explained earlier states, on the rules and conduct that the auction should be car powers,

thetradictory to the UN Charter.

"demand and supply" and also A Soylet note to Holland,

out pointed

had that the sale of which

inquired whether Had sakd be suggested dollars at a lower average rate Russia still accepted the Conson- that conventional could

weapons would "cause a sudden drop in tons, said they were recognised be dispensed with and

commodity prices and fluctuate" insofar as they were not con- that nuclear bombs should not

the present setup of be used ogainst a conventional Korean economy-Router.

05 suggested by Mr Bevan woa the Villogical piece of thinking I have heard for a long time." Reuler.

atlocker

Angurin

JUNTA HEAD

IN RED UPRISING

revealed last was in-

Ellego the

The "Corporal" güided missile is fred from a mobile launch

and has a range of at least 50

miles. It is driven by a rocket motor, may be guided in flight and travels at a speed of several

times thub of sound.

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Guatemala, Mar. 0. Government spokesman night that Col M. Monzon, former Junta head, was exiled because of implication in the Communist- inspired uprising last January against President Carlos Castillo

Armas.

Mr

Lula Coronado Lira, Secretary of Information, and that Monzon now is in Miami, Florida, conferring with. Mr Juan Joon Arevalo, President of Guatemala from 1945 to 1951.

Mr Coronado Lira niso sald' that Monzon was implicated in the attack by military cadets list August against members of Mr Castile's "Army of Libera- |tion” which sparked the rebellion that overthrow the Red-trained régime of ex-President Jacobo Arbenz Guzmán-United Press,

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