1956-03-09 — Page 4

Page

THE CHINA, "MAIL, FRIDAY, MARCH

1956.

What's best In Kowloon ?

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#DR. ADENAUER

London Express Service.

A New Champion Takes On Inflation

were

By RONALD BOXALL

on-

at

"""

even

in

keoi.

London dom" had landed Britain in Butler was forced to Introduce HE House of Commons its present position. "The supplementary Budget

October in an effort to restrain listened In

silence record of both parties in consumption. while back-bencher this matter," he said, “Is But a boom once started is not easy to control. The aim accused his Party leaders of pretty lousy."

the of polley is to keep the national HI3 specch voiced mismanaging the country's economic affairs. There exasperation that is felt in the economy on an

the failure

This calls for Ane judgment; the of This country cheers of по

must always be danger that Successive Governments to halt

is that any guarded against couragement for the the relentless rise of prices,

to correct a ilst, speaker from

The trouble Op-

now, we are told, action taken

has become might up the boat over in the position, for he had already is that Britain

Investment opposite direction. And no one mado

wants to swap it plain what he caught up in an

building boot. Industry is thought of their efforts to

so many new-factories and deflation.

much Installing so

now plant Mr Macmillan had this well cure past inflation.

that the economy is Bagging in mind under the strain, Yet less than rretht The speaker, Conserva o years ago there was equal sures. What he has tried to do

two tive MP Sir

is to restrict capital investment Robert, concern because investment in

by the Government, by nationalled Industries and by

the

inflation for

when he framed his anti-inflationary mea

Boothby, was never a man new incans of production was to mince his

words, stagnating.

One reason why things have private industries, to what tho

19 that Mr nation can afford. Crippsian austerity, he said, Kone 50 wrong had resulted in devaluation, Butler, and his predecessors at Mr Butler's "dash fór free the Treasury lacked the proper

do equipment to their job. Statistica are the economist's tools, and without them he 19 forced to improvisc.

POLIO

-why I'm not having

my children done-yet

AM taking the coward's way out of deciding whether to children have inoculated

my

21

with the new vaccipe against polio. I amı going to wait and see if other people's children react safely to the vaccine first.

sound This must terrible admission from one who has consistently chum- pioned the vaccine. The ex- planation is simply that I And it is one thing to write as a detached scientist and de- 19 a another to decide voted father.

Instead of dealing dlspas

with "units ol sionately personnel" in a statistical Table

Patricia

by

CHAPMAN

PINCHER

on

Am I going back

what I have written before... 2 I'll tell you why i don't think so

so that up to half a million children can be vaccinated this spring.

Why did the Health Ministry PORNCC the trials of the suddenly that the

vaccine so

I am now intimately concerned with Michari auul two immensely lovable scally.edical profession was not fold

or consulted frst? wags who are not only their

delight father's

but is soir stake in the future

I

I AM HAUNTED'

KNOW that the Salk vaccine has almost certainly saved thousands of U.S. and Canadian children from contracting pollo. But am haunted by the tor- ment of the parents of those GO children who died or were crippled by the discase after being inoculated with a faulty batch of vaccine.

Emotion has triumphed over logic. I have decided to play safe.

i know of one professor deep- ly involved in the work who lid not know about the trials tintil he read about them in the

newspaper.

Why was the announcement mnde by the Health Minister. Mr Robin Turton, in a pompous televised speech?

Privately, Health Ministry and Medical Research Couned ofciuls déplored the way the a blaze 0% Americans in publicity launched the vaccine

produced by Dr Jonas Salk,

Sonic of the believe that infections were the accidental Fortunately for my selentine due to the way the vaccine was Into usc through political pressure.

are

conscience there reasons for my caution.

real

I do not like the way the vaccine is being rushed into use

nished

I was present at Mr Tunton's and have announcement

So many

Omission

Reductions

THE public-owned industries—

fuel and power, transport, civil aviation and broadcasting have accepted reductions in their 1050 investment plans amounting in all to £60 million.

NE of the most glaring emis- The central Government will sions in the statistics avail- spend £20 million less in 1936

capital able to Government economists on

Local account. until recently were figures authorities must restrict their showing how much Investment capital exponditure to essential

private projects. plantly.

by the Board

WO9 Industry.

bank

rates have

Private investment plans will

Affected by of Trade has now partially re- be

dearer and The omission; and it modled this

credit, ncarcer was what they discovered when squeeze on advances will con- they asked private industrialists tinue, and Interest how much they planned to risen in line with the higher spend on new buildings, plant, Bank

Appilrations to and other means of raise Public loans will be

in 1930 that con- critically scrutinised Mr Macmillan that his addition, the Chancellor has

to

Rate.

In

never seen such inepti- was made belonged to a Arst- tude by experis arsen- rate Arm with a high reputa-attack on Inflation should be withdrawn the State subsidy on chiefly nt Industrial investment by abolishing the bled to answer question for the safe production of aimed

Investment

investment allowances. Uons.

dangerous drugs.

the But

Everyone

mood regrets go back for a moment. The method of killing tho Inaccurate

slow down the paer Investment In Britain's replica were glyen that germs used in America-treat In 1954, Britain spent less on to it was clear the experts ment with formalinis to be new fixed capital in proportion of

things na factorles, olher non-Communist European power had been given no time used in Britain, Experience has to national product than any such

plants, ronds, add Lo brief themselves on proved that it con fall.

except Greece. Earlier 60 country,

These things the issue.

arci There

other curious that year, Mr Butler had taken urgently needed if the country that Suspicion

the features about these trials action in his Budget to encour is to hold Its position la a Research For instance, Medical

they are to be

His 60 highly competitive world. Council chiefs had been carried out

allowances" on children aged age more investment.

the present rate of investment called "Investment bulldozed into going two to nine. Yet nobody knows

effect, a subsidy to

could lead Britain into economie than they had whether the vaccinc will be gave, in

who industrialists

undertook disaster; and a strategic with- faster intended was inescap- effective for children under

new investment.

drawal now may prevent a Bix. Almost all the U.S. and

There is reason to belleve disorderly retreat inter on.

were Canadian experience has been now that industrialists

able.

Let me assert this:-

have the fullest confidence that safe effective vaccines against pollo will be developed. But I am far from happy about those to be used in the forthcoming trials.

Health Ministry officials fee confident that any risk of the kind accident in vaccine manufacture which infected the U.S. children is now negilgible.

of

NEW, UNTRIED

with older children.

MY SUSPICIONS

already planning to increase their capital investment before Mr Butler introduced his incen tive.

oni.

Doubts

arc

But

was DOUBTS jemals, as they al- that Investment

ways will. Mr Harold Wilson, planned because the Labour Party's "shadow

foresaw on ex- Chancellor," Dccused KNOW that the younger ones originally

for their Government are more susceptible to attack. Industrialists

of selling the nation's "seed corn." thus given an

But he But surely it would have been pansion of demand

boost-too big a did not quarrel with the more prudent to restrict the first products was

Chancellor's decision to cut boost, as it turned out. trials of a now vaccine to the additional

investment; only with capital older children

his refusal not to differentiate

the way.

I shall feel gulity if either of my youngsters contracte pollo

next summer.

Upsurge

between essential and non- (necessarily esential figures

investment. The word "cut" is, d misleading.

Itself

I freely admit that my suspicions may be ill-founded-

FEW and I hope they are They

belated) illustrate this. The bo mainly may

unconscious

The intention 19 my lack of total area of industrial build- for

ing started in the first half of not to reduce capital investment THE virulent strain of polio justification

putting my gorm the Mahoney strain courage

1855 was two-fifths larger than below its present level but to If

n year responsible for most of the principles into practice.

earlier and production slow the minds of many of my

spend infections is not being used

Industries planned to But the friends are working in the same of metal-working machine tools show the pace of it rise, Private

for the the British vaccines.

home

market was about £160 million mory on public should know that

this year higher in value by 15 percent capital investment

The now, strain to be used Instead

At mid-year, orders on hand in than they did in 1955. and untried on humans.

amount that tho the machine tool industry were actual The trials of these now

32 percent higher than a year nationalised Industries planned vaccines could in truth be

But the chance is small and perviously, and by the end of to spend this year called

September experiments, and I do

her approvals for new development is not known, but the 200 not feel I have the right apart as the vaccine is not expected factory buildings were up by it is estimated that

million from the courage to submit my to be more than about 80 per-45 percent.

"cut" childred to them.

the

This cent effective, I shall have the

upsurge of capital invest will bring their total capital Super-stringent safety pre consolation that they might ment had already begun to have expenditure back close to what

with it on inflationary effect by the it was last year. cautions to test each batch of have

end of 1954. То deal with any way.

It is the Government's in- the Medical Research Counen,

this, the authorities raised the tention to ensure that capital vaccine have been devised by

this year 18 If they developed the disease Bank Rate in January last year expenditure they are on the same lines But as the American tests. And 1 a direct result of being and again the next month. But

(Continued on Page 7, CoL B) vaccinated on my orders I could this was not sufficient, and Mr connot forget that the U.S. factory where the fatal batch never forgive myself,

SAM WHITE'S PARIS NEWSLETTER:

.

дя

gone down

THE ARTIST BUYS A ROLLS-ROYCE

Paris.

I 28, painter Bernard Buffet is Big Busi-

He ness.

is the richest painter in France after Picasso, and he is probably carning now about £40,000 a year. He has achieved all this in eight

""

of artists

starved who have throughout their lives only to secure a posthumous recogni tion. This seems a little un- reasonable to Bulot, Last week he took me off to write his views

on this point to a Communist literary weekly,

• M: Bernard Buffet, who in eight most years has become France's prolific and second richest painter, says: "It is an economy, really. It will last longer than a cheaper car?

"I do not see," he wrote, a melancholy "why"

art

should working for him on a salary of portraita havo

servants' entrance." And on the subject of his Rolls-Royce Buster Keatonish appearance.

Buffet himself was born of he made the sensible point: poor parents--his father was a "This is not really extravaganco, This is a greater output. in cycle merchant and after his I think this car will last me 20 than Renoir, the father's death in his carly times as long as one of cheaper seven years

childhood ho was brought up mako," most prolife painter in French history, achieved in a life span by his mother who died before M. David's eyes still pop of 70 years. It is a measure of he became famous. He is a tall

short years, during which 15 a week. Buffet has painted 2,000 pictures since then, the time he has amassed a

lowest priced at £500, fortune both for himself and

his denter, 65-year-old Emmanuel David.

with the excitement of a the importance painting has 'fair-haired young man with the sweepstake winner when he gained as a serious financial air of

talks about Buffet. The investment in present unsettled designer.

times. best painter in the world to. day-one of the greatest of

all time-a divine talent."

NO CONTRACT

M. David's best markets for The praise

he lavishes on his Buffets are in France, U.S... property is torrential. With a Switzerland, Britain and, Italy,

of the hand around in that order.

wavo

Buffets latest

exhibition (all,

a successful dreas

SECRET SOS

the

PARIS newspaper has pro duced a theory that Bur Eleganco. comes naturally to gessa request that money paid him, and his setting of, lavish to him for a Sunday newspaper country house, chauffeur-driven article should be dopted to the Rolls-Royce' and-butter suits National Lifeboat Association him. He works regular hours: was a secret 805. 8 to 12 and 2 to 6,

• ONLY 500 1...

PROFITEERING

Fold before tire paint was dry) What is Buffet's present con-

EEKS cost almost as much ho adds in breathless fashion: tract with David? "There is no

Thero

aro SDITIO 70,000 L'an caviar in Paris, today. "Where elsa can you find a contract," he told me, "I am

This is a result of the cold of his friend

in France, of whom painter capable of painting 20 more

than his painters

500 mucceed in weather, which has produced masterpieces in three months -- agent. I had faith in Bufet only, about

out, of their wholesale profiteering by somb Hemaking a living and some of them Zift, by 91.7" when he was unknown.

tids greengrocery, is never forgotten this. We work, Buffeta, success. David's exeltement is

Inevitably produced a rancorous Justined. He bought 60 Buffels rust each other."

envy, in Paris art circles.

M.

Looks are now, priced at 89. Ib. A friendl of mine bought when the painter was on im Buffet's work te highly ph

che 'CRITOL, ́sides he is being two leeks and On all poverished art student in 1948 styllaod with frequent switches for £200 and started him off, pe colestring and themes. His advised to follow the example Price **,

"No darling

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