1955-05-13 — Page 8

Page

CHINA MAIL

KYNDHAM VINY

.HONGKONG · PUBLISHED DAILY (AFTERNOONS)

Price, 20 cents par copy, Saturdays 30 cents..

Subscription: $6.00 per month.

Postage: China and Macao 3.00

per month, V.K. British Pomerstorm

Bourse Selling Spree

THE CHINA MAIL, FRIDAY, MAY 13, 1955.

WORST DAY OF BIG SLUMP

Paris, May 12.

Prices on the Paris Stock Exchange felr another two to five points today-the worst day

and other countries $7.00 per month of the big slump which has been gathering strength

News contributions, always wel- come, should 'ba adilressed to the Editor. business communications and advertisements to the Secretary,

Telephone: 28811 (5 Lines). KOWLOON OFFICE: Salisbury Road Telephone: 2634.

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Classified Advertisements 20 WORDS $4.00 for 1 DAY PREPAID ADDITIONAL INSERTIONS

$2.00 PER DAY

10 cents PER WORD OVER 20

Births, Deaths, Marriages, Personal $5.00 per insertion not exceeding 25 words, 25 cents each additional word. ALTERNATE INSERTIONS 10% EXTRA

If not prepaid a booking fee

of 50 cents is charged,

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OF

NOTICE CONCERNING THE INTER- VALIDATION NALLY ISSUED SECURITIES IN AUSTRIA

For the purpose of restoring an orderly state of affairs with re- gard to the intemal securities issued in Austria the Ministry of Finance has been empowered, in terms of the Austrian Securities Validation Law, Federal Gazette No. 188/54, to. call up by the official announcement in notice column of the Wiene Zeitung those Austrian Schil Hinge and Reichsmark securities, issued in Austria, for which a validation procedure is deemed necessary.

Securities, deemed to be sub- ject to this validation procedure, require to be registered with ong of the following registratios offloes:

Creditanstalt Bankverein, Schottengasse B, Vienna 1.

Osterreichische Landerbank A.G: Am Hot 2, Vienna I

Osterreichisches

Credit-

Institut A.G. Herrengasse 2, Vienna I

within six months of the date of the notice of their call up in

Wiener Zeitung. the Securities, subject to valida- tion procedure, which are no: submitted in accordance with the detailed provisions of the law to one of the above-named regis- tration offices, within the stipu- lated time limit, become invalid on the expiration of the time limit,

since Monday.

After nearly two and a half years of a con- stantly rising market, closing prices yesterday on the Bourse were between 20 and 25 per cent lower than they were 10 days ago.

There seem to be two main reasons for the sudden decline.

In the official cash market pressure was so great that only about one-third of the selling First, the "bull", rising market orders could be executed and since March has driven many in the forward market 43 out French industrial share prices of 109 shares remained un-well above their true dividend; quoted

value and the market is bow adjusting itself.

TURNOVER

The Bourse turnover for today will not be known until tomorrow - (Friday)," but officials stid is seemed 10 be about the Fame

volume 11 yesterday

which

wis approximately 1,000,000,000 frvanes (about

£7,000,000).

Buyers are still helding back expecting further declines at there is weekend, but

among the

the

little nervousness brokers. The big mass of 'in- vestors has left its investments untouched, a leading Stock Ex- change officia! sald

market

has

The second reason is the revent political revival of the former Premier M. Pierre Morries-France, who last week won control over the Radiend Party machine. This bas given rise to fears that next year's general cloction may bring into power lerowing government Socialist piarming pro-

3

with gramunes,

BANKS' ADVICE

The French banks, which mainly nationalised, have been advising their to sell to curb the ellenis Several brokers reported that

Fising market and their warnings seem there was no forward selling

to have (selling ahead)

snowball indicating a

effect. Now the beller that the

selling wave has gone fur- nearly touched bottom.

ther than the authorities Yesterday

intended. the decline brought the price level to that -of last March which Bourse oficials considered normal; To- day the farther fail seemed to them to be excessive, Judging by the intrinsic values of the shares.

Mail Notices

had

The latest times of posting shown below are those for wh- registered correspondence posted

G.P.O, BongYong The latest posting times elsewhere which, in general, are viriler than the GP.0. times can be secertained by enquiry at the local mice.

The latest porting Choses for registered reticles are generally one hour earlier than the times shown below, Particulars regard- Ing parcel malts can be ascertain- ed by enquiry at any post office.

FRIDAY, MAY 13

By Air

Formosa, 6 p.m. Burma India, Pakistan Fast, Atries. Great

Europe, 6 pim.

· Japan, 6 p.m.

USA.. Canada. 6 p.m.

By Surface..

Maene, '2 p.m.

North Borneo, 2 p.m. Malaya.. Ceylon,

Britain

Middle &

Aden. Middie East, Great Britain & Europe, 7 p.m. "SATURDAY, MAY 14

By air

Thailand, Malaya, Indonesiz. Aus- tralia, New Zealand & Ceylon D

a.m.

Philippines. 2. p.m.

Indo-China, France. 2 p.m. Japan, Hawall U.S.A.. Canada, 2

p.m.

Philippines, N. Borneo, & p.m. Malaya, Indonesia. Australia, Now Zealand. Thailand, India. Pakistan, Middle East, Africa, Great Britan Europe, p.m.

Formosa, Cicinawa. Korea, & p. n. By Surface Philippines, i am.

China, People's Republic, 9.30 a.m. Formor. 11 a.m.

Zealand.

Rabaul, Austraia, New

11 2.1

Japan, US.A., C. & E. America.

Nood

Thailand. I p.m.

Macho, 130 p.m.

Malaya, Indonesia, $ p.m. Chima. People's Republic. 3. p.m.

NOTICE

TOLO HARBOUR FERRY SERVICE

Persons, who have not already deposited their internal Austria: securities, either directly or if directly, with an Austrian bank, are recommended, in their own interest, to contact immediately, either their own bank or one of the three Austrian banks men- Honed above, for the purpose of registering the securities, or a claim to such securities, in the prescribed manner within the time limits imposed, and for in- Cormation

03 to whether * security issue has been already officially called up for validation,215 and, if so, the date of the ex- piration of the stipulated time limit, and also as to whether, as result of an official pronounce- ment, a security issue has been declared exempt -from the

validation procedure.

Qu and after the 13th May, 1955, the timetable for the above Service will be amended as follows:- Leaving TAIPO KAU Jor TAP. NUN: 6.45 a.m. (Direct)

(On Sundays only tila ferry (ei will leave at 745 am)

am. (Via Ma On Shan. Shap Sze Heung, Lal Chi Chong and Tung Sam Ki)

Leaving TAP MUN for TAIPO KAU: l30 năm. Vừa Trong Sam Kị Lại Chị Cheng, Shap Sze Heung and Ma On Shan)

12

(On Sundays only this ferry

will leave at 9:30 am)

Subject to compliance with 445 pm." (Direct)

foreign exchange regulations the securities may also be forwarded

THE HONGKONG, & YAUMATI

VERRY CO., LTD.

directly for registration to one Hong Kong, 13th May, 1955.

of the three Austrian banks

named above; However, in this case the respective Austrian bank requires to be specifically empowered to carry through in the дато of pad for

NOTICE

Notice is hereby given that LIN KO (***) alina LAM

account of. the owner of the IU CHO (1) of 82

security, all the necessary mca- mares required by the validation procedure

Morrison Hill Road, 4th Floor,

Hongkong, is applying to

The list of securities referred the Governor for naturaliza- to in this notice may be obtained tion, and that any person who on application to the Colonial

any reason why Secretariat. The urgency of the knows.

matter is brought to the atten-naturalisation should not be tion of members of the pubile granted should send a written because the last day of registra- and signed statement of the tion for some securities falls ofacts to the Colonial Secre- 21st May, 1955, and on various

Colonial Secretariat,

ather dates up to 22nd August, tary 1955, for the remainder,

Hongkong.

:

Other official attempts to curb the rise included the increase on forward buying margins from 50 to 75 per cent, but this had little effect on the buying spres. Since Monday the banks have entered the market as buyers trying to cushion the downward trend, but so far this has not had much appreciable effect.

The situation is not regarded as dangerous by Ananciers or by the Treasury. Plenty of money is still secking investment, and once certain over speculative

positions have been eliminated brokers expect the market to recover and remain healthy.

The level it will, find, however, is expected to be somewhat lower than this year's peak.-Reuter.

|

Premier's Niece DEPOSED CARDINAL STILL

Dances Can-Can

Coty Going To Denmark

Le Havre, May 12, President Rent

Cuty and Madame Coty arrived here by train from Paris today acri im-

·mediately

the embarked battleship Jean Bart for a state visit to Denmark.

at.

Elfrida Eden, niece of the Prime Minister, Sir Anthony Eden, will dance the Can-Cam in the society play "The Lights which opens Were Amber" shortly

HMS

Victory shows; Portsmouth. Picture Elfrida Eden wearing tights,

the Can-Can with practises Minty Partic-Buller (left) and

Neville Joseph- Gillan

Express Photo,

ikt

The presidential couple wes US AID SUCCESS

welcomed aboard. the Jean Bart by the Navy Chief-of-Staff, Admiral Henri Nomy.-France- PreRE,

FISHING BOATS... ATTACKED

Tel-Aviv, May 12. Israel today accused Syria of attacking unarmed fishing boats

IN ASIA

Trans-Polar Flight

Stockholm, May 12, The four-engined Erik Viking of the Scandinavian Airlines, which left Stockholm to fly over the North Pole an its way to Japan landed this morning at

116 GMT 2 Fairbanks

in

OCCUPIES HIS PALACE

Seville, May 12

The removal by the Vatican of all effective authority from Cardinal Pedro Segura, the--14- year-old Archbishop of Seville who has become famous for his outspoken criticism of the Spanish Government, of the Falange and even of General Francisco Franco himself, has created a curious situation in this ancient city.

While the Cardinal continues to occupy the Archbishop's Palace, a large and pleasant building situated just across the square from the Cathedral, to preach in the Cathedral and to preside at fm-. portant religious ceremonies, all the powers of the Archbishop are wielded by Monsignor Jose Maria Bueno Monreal, the Archbishop-Coadjutor appoint- ed by the Vatican last November.

All communications to the Cardinal Segura's supporters Archdiocese from, the Vatican | are furious at what they regard nie 'directed to Monsignor Bueno as the unjust treatment of their Other Catholic circles Monreal to whom all adminis- pastor. trative powers of the large show just as clearly their sud

for Archdiocese, together with the port

Archbishop. Tight to strccend Cardinal Coadjutor. Segura, were given when he was appointed.

DURING ABSENCE Formerly Bishop

of

Viloria, Monsignor · Bueno Monreal, Bow Archbishop of Antleruiq de Fisidia, actually took possession of his new post during the absence of Cardinal Segura in Rome.

Alaska, it was reported here.

The plane is carrying 40 passengers, 23 of them being Washington, May 12. Swedish delegates to a meeting

In appointing him thus with Russia's increasing economic

of the International Chamber of fall powers and eight of succes- sion, many people consider that activity in southern Asia is due Commerce in Tokyo.

Seven of the delegates are the Vatican made it clear to in part at least to the success

accompanied by their wives, of the American aid programme who ате the first Swedish Cardinal Segura that it would like to see him retire. As long in that part of the world, the women to fly over the Pole the Cardinal does not

of France-Presse.

the challenge any Foreign Affairs Committee

dogma of Church, however, It seems that the Senate was told today by George Allen, former

he cannot be removed from his An Israel army spokesman American Ambassador to India,

position as titular Archbishop of a Seville. So while he occtinies stated in Tel-Aviv, that Israeli and now Assistant-Secretary of fishing boats today came under State for Near Eastern Affairs pennies

gift for the discoverer of the the Archiepiscopal Palace, the The American aid programme new polio-vaccine, De Jonas E. Coadjutor tires in modest quar-

ters in the Seminary (the Train for the fiscal year beginning Salk.

ing College for Priests) and has July 1, 1955, schedules 181 dollars for India, million

a tiny office from which he co-

the affairs Pakistan. Nepal and Afghanis

ducts Archdiocese. tan-France-Presse.

on the Sea of Galilee.

heavy positions Galilee.

An Israeli patrol boat returned the fire, but no Israeli casualties were reported, the spokesman added.-France-Presse,

automatic fire from Syrian

across the Sca of

MANDRAKE THE MAGICIAN

STRANGE-1 HAO A SUDDEN IMPULSE TO LOOK AT MANDRAKE'S OLD ALBUM OF HIS COLLEGE-OF-

MAGIC DAYS-

FERDINAND

PETS

NANCY

مایع باید به اسم

BUSHANAGE

JOHNNY HAZARD.

MUST BEA JEALOUS HUSBAND IN THAT CAR {WITH THE CHICK, SNAP! THOSE, BUNDS CAME DOWN AWFUL FAST!..

YEAR MUST BE! BUT ALL OF A SUDDEN I'VE GOTËS

JUMPING BUTTERFLIES||

• IN THE PIT OF MY STOMACH!

--HERE'S MANDRAKE- HE COULDN'T HAVE BEEN MORE THAN SIXTEEN--HE WAS

HANDSOME EVER

THEN --

GRRR

GRRR

WHICH 15 IT,SNAP-

Mr

Oslo, May 12:

collecting to buy

Children

are

here

The gift will probably take the form of a painting by a contemporary Norwegian artist. – China Mail Special.

By Lee Falk and Phil Davis

"HERE'S MANDRAKE WITHA

YOUNG GIRL. PRETTY, I WONDER

WING SHE WAS...

GRR

GRR

NEITHER ONE, JOHNNY!

LØVE AT FIRST SIGHT, BUT SOMEHOW I KNOW... OR A LIKELY, SVEJEST. FORA_HISH-FASHION. MAGAZINE SHOT 3:

A

HERE'S AN OLD PRESSED FLOWER AMO A CARD--"MANORAKE, I'LL ALWAYS LOVE YOU --ALEENA." Hizm-WHO WAS ALEENA ?

By Mik

By Ernie Bushmiller

WHY DON'T YOU

PICK ON SOMEBODY YOUR OWN

SIZE

By Frank, Robbins

4.SOMEWHERE IN THE PAST I'VE SEEN THAT FACE BEFORE!

·RIBAL CLOSE UPIS

TALK

ABOUT

MAGIC!

Have you seen

Admiral

| AIR CONDITIONERS

AND REFRIGERATORS.

TASMANKI

**THE JAM. TRAŤ MADU TASMANIA FAMOUS"

DAIRY BOX

MILK

CHOCOLATE

...this situation calls for a

San Miguel

the

was

the

Archbishop Bucao

sarcasti

What particularly annoyed the Cardinal's supporters fact that Pope Phis XII not orly named Monreal as Coadjutor with full powers over the Archdiocese but also gave him the right of succession, They refer to Mon- signor Bueno Monreal cally "The Crown Prince."

The austere Castilian from Burgos, one of whose Arst measures on reaching happy-go- lucky, sensual Seville was to ban all dancing, had been the centre of uproar and dispute long be fore he was named Archbishop of "Seville on September 14, 1937.

PRIMATE IN 1931 Cardio Pedro Segura was Primato of Spain on April 14, 1991, when the Spanish Republic was pro- claimed following the deci- sion of King Alformo XIII

to leave Spazīsi.

The uncompromising, sharp- Cardinal came into sharp

theer with the authorities of

the

Republic He was not the diviemat reeded to stee the Church through the dangers created by the advent to power of violently anti-clerical political leaders. He was detained by the Republican police on June 15, 1931 at Guadalajara and The driven to the frontier. Vatiman accepted his resignation" from the Primacy, and named Cardinal Goma, to succeed him

During his 17 years as Car- dinal Archbishop of Seville, in OVET 800 Pastoral Letters read in every charchy in his. Arch- diocese and in more than 7,000 sermons which he has preached, be

has stormed against Protes tantism, Raciallam, Communism, Freemasonry, dancing, the agreem ment with the United States, and many other things which he considers are barmful

ta Spala

He has consistently declined. to attend the regular gatherings of the Metropolitary Bishops, that is to say, at the Archbishops at Spain. He did not, attend the International Eucharistie COD- gress in Barcelona in 1952. He declined to attend

mony beid durick General Franco's visit to Sevilla in 1983, and when General-Franco arikeć a Seville Priest to say Mass for him during his stay in Sesile, the Cardinal forbade this, say- ing that only a Priest named by himself could say Mass for the General

His bac 09 all ballrooKTI, dameing led to numerous co ficta and be placed the Mayor and eight Coumelions of the town of Los Palacios io "e tredicho," a ton of restricted

from the excommunication Church, because when told that at the local animal fiestas, the religious centrinies would be cardfed it the people held dances, the Mayor and most of the Councillors opted for the dances.

The Cardinal excommunicated the Civil Governor of Seville because the Latter, รศ. a Falangist

wanted

to have memorial lists of the rames of

Falangists who were Hiled in the Civil War inscribed on the walls of the churches. In this, the Cardinal received more popular support than for most of his other measures. Catholics objected to having it made to appear that coly Falangists were regarded

99 200

good Catholics. CONTROVERSIES Responsible, religious zu- thorities here in Seville say that the many controverslen raised by the Cardinal in addition to his advanced age and bis 1 health were the ressons which led, the Vatican to appoint Aronombop - Condjater to deat

with the administen

work of

of the

time

authorities deny that any

political motive is involved. On he

contrary, they may, it

any attempt were made at Political: persecution of the Cardinal

within Spain, the Church would undoubtedly sland Ermly behind him. Chingr Mall Speciali

ད