1956-10-16 — Page 3

Page

THE CHINA MAIL,” TUESDAY) OCTOBER 2. 16, 1, 1958. L'E

** Page 38

Suez Company Demands Full FRENCH GOVERNMENT

Compensation

ARAB LEAGUE MEET ON MIDEAST

Cairo, Oct. 16.

NASSER DENOUNCED

AT MEETING

OF SHAREHOLDERS

Paris, Oct. 15.

com-

The Suez Maritime Canal Company today that Egypt pay pensation covering the 12 years the com- pany's concession was to have run.

The Arab League Coun- demanded cil mot here today for a series of discussions on the

political situation Mideast.

in the

Company shareholders promptly ap- "Algeria, proved the demand made in a special

On the agende for conference

were the Suez crisis,

and the threat to pence posed by report by the company president, M.

recurring clashes along

Israel's

ters with her Ar neigh-Francois Charles-Roux,

ད

bour, The Council, with nine

member tales represented, Only three of the 020 share- convened its 20th regular session

countrie

were re-

ali's headquarters here.

Delegate presented by their umbass cloty

Egyp! or

specially by delegated Foreign Ministry

to

officials.

EI

AGENDA

of

Jordanian Ambassador Fawzi the Mulk),

president

the proceeding Beas.c, opened

Indictment of With areathing recent laraeli altacks on Jordan and said israel in the "ecmmon enemy" of all Arab countries.

agenda were:

holders who packed the Muison le Chimie meeting holl voted Dinal tho company ad- ministration's handling of the crisis. They represented a mere drop of 27 shares in the real of 433,920

shines whose expressed their trust management

'The

It

company

HN

In

Owners the

of board

once more

directors denounced the Canal's nationalisation last

26

outspoken July

of international law. viola: on

termed totally "Inequitable" Egypt's proposals of an for an indemnity based on the valur of the and Stock Exchange by bars ori tise

the ཐཱ་༥་ཐཱ་ protest nationaleation

On the

X

the Arab

1. The question

political economic,

of France nat.ons

cultural boycott

against French Algerian policy.

2. Israeli

#gainst Jordan.

8.

aggression

A report by League Secretary-General

Calculation

Approved by O share Abdel Khalek Hassouna on "the owners, the company demanded attitude of certain

The haste Indestanuty"

Western, the following caléulition of the states towar Egypt's nationall-Indranily sation of the Suez Canal and the repercussions of this attitude. Lengue sources said Inssmuna's report would deal with Western inilitary and economic measures ngainst Egypt .casioned by the Suez crisis.

the

4. A proposal that

Arah stoles collective. ly support Rel China's bid to gain admission to the Nations

United

B. A proposal that the

Arab

raise states France's way *k annihilation

the Algerian analost

people before the United Nations.

other

after the Americans had with- drawn their offer to finance the Aswan Dam," said M. Charico- Roux.

M

Georges-Picot wha applauded when he announced that he was authorised to my

French the that

Government was drafting special legislation to compensate shareholders.

He made the following points:

Overhaul

1. The company's hold- ings outside Egypt ore estimated at 80,000,000,000 or 68.000.000.000 francs (US$171,- 420,000 cr US$184,805,000) ad

llablilties company

amount 10 About

27.000,000,000 franca

(US$77,039,000),

WⱭS

There 2.

no basts for reports that American trying to

oil companies were

Бег up t "consortium" with

| Egypt that would run the Canal,

3. The company la con- sidering changing its na-

In the of all include | tiorulity but this would come *spacial compimisation 10

make up for the luttes incurred

by the termination of the co. cession which was to man tatil 1066."

2. It should inclurte pay- *

2111t for company stocks, loa Ing material, bulid-

And

items which other Egypt was to buy had the con- cession "expired normally."

★ 3. The company's hold- ings seized or frozen fol Jowink

The nationalisation should be handed back.

A dozen shan cholder's rose criticise the computty

tu

manage

| ment, the French Government or the United Sutes, but M. Charles

'AGGRESSION' Informed sources pild

East Positleration Hem would be Beinst "aggression on the borders of the Yemen and Nur Aien pi tectorate, Germon rapavalkois L 1st and the

Roux and M. Georges-Picot had proposed nomlar tion of various

the majority on their side countries fur reals in the UN.

ridiculed M appointed a

Charles-itoux Teriny's session

nted political committee to discuss the eritles who claimed the seizure

the Issues on

thecould have been foreseen. and agenda druit rest lution to be submitted

Comel's endorsement.

for the

Meanwhile, in developments outside the

Council, Egypti n2 President Gamal Abdel Nasser

Jurst

Utmost Secrecy

The fact is that unl the last conferred with Indian Ambassa- moment nobody knew what was matter to happen—10 on the going! dor Aly Yayar question of the projected Suez what Colonel Nasser may claim The fact is his decision Egypt, now. between negotiations

was made in utmost serecy only Britain and France.

A British Crossword Puzzle

112

14

ACROSS

1 Calm (8).

7 Incursion (4).

9 Revilo (5).

10 Conspiracies (8)..

11 Position (4).

10 Dotermination (10).

id Withered (4).

16 Plattorin (4).

10. Offspring

22 Pitcher (4).

24 Bird (0),

10).

25 Fashion (9),'

28 Wan (4)

27 Shouted (0),

2

DOWN

Entices (5).

3 Angler's basket (8),

4 Substitute (6).

5 Suggested (0),

Fall to hil (4).

E Make reparation (5).

12 Entertain (6).

18 Crest (8).

14 Noticed (81.

17 Parfees (5).

18 Sparzo (0).

20 Unusual (8).

21 Corner (0),

23 Enfold (4).

YESTERDAY'S SOLUTION.—Across: 1 Thrush, 4 Smart Locust, 8 Adage, 10 Gune,, 12 Emerald, 15 Titio, 10-Avor, 17 Aged, 19 Irale, 20 Modesty,:21 Erin, 28 Pelly, 14 Relai, 25 Snaps, 10-#rigid, Down 1 Telegram, 3 Recanted, Bar, B. Moderata Regale, D. Inary, li- Side-stop, 12. Pillo, Avarling, 1a Destbed, 13 Governy Lá Rey

with an overall overhaul of the salute-United PresN,

Foreign Currencies

In China

Paris, Oct. 15. Radio Peking reported that the People's Bank of China and the Bank

Confestants

Some of the eye-filug creatures pass here for just before the "Mim World" conteni held in London (ité: below). Back row, from left, are: Miss Sweden; Mimu Finland: Mis Ireland: Mia South Africa: Mi USA; Miss Iceland and Miss”Helgtum. In centre from right, are: Mi Tunisia; Misg Swilderund; Mim Jupari, and Miss Getinanty; the winner, row, from left, are Miss France, Min Kerpt and Min Hollanti-Express Photo.

MISS GERMANY

WINS TITLE

London, Oct. 15.

Sintes was

Miss Germany was elected "Miss World" in an international beauty contest here tonight.

Miss United placed second

Tho newly-elected "Miss World 1950 is Petra Schur- 28-year-old philosophy student at Cologne Univaralty, who speaks fluent English and Frich and gives lessons la Koography, English and philo rophy.

Atomic Power Plant Finance

Washington, Oct. 15. The United States Export-Import Bank has

construction

mann,

Fidr-hald and blue-eyed, Petra plans to give up philo- sophy for a film career. Social Worker

decided to help finance The runner-tap, Betty Lano

of atomicCherry

of the United Statca, it intends going on with her planta abroad,

studies as a social worker. was announced today.

power

A

Front

Dinghy Spotted

London, Oct. 18.

Naylocils The Lacker searching for the mincing American Liftmaster plane

a dingh today spotted

bearing American mar- for E spokesman American Forces In Britain announced.

The plane was belleved to have craaled into the Atlantio with 50 PERSONE aboard.--France-Protse,

ASK WILL FACE

STRONG CRITICISM

Paris, Oct: 15.

The Government will face strong criticism on its handling of the Suez dispute tomorrow when the French National Assembly debate on the Suez Canal crisis opens.

Later deputies will mitack the million Moslems, has long been Governrait for failure to in-n leading predocupation of the troduce political reforma In two parties in the Socialist led Algeria where insurgents have government, the Socialist and been in arms against French the Radicals. rule for the past two youtu.

Now it has been largely in The Suer debate will last strumental in bringing about à all day tomorrow and Wodnessplit in the Radical Farty, onco rance, the most powerful in

day.

Confidence Vote

Dafica.

with a long tradition of At the Radical Party's annual

congroes in Lyons, which ended yesterday after four days of On Thursday and Friday-heated discussion, a minority of ari possibly next week-there | rightwing leaders annoimeed will be a debate on Algeria and their decision to leave the party the Government's #eneral | after they had failed to got policy.

endorsement for their moro com servative views about policies to There is expecíod to br a be followed in Algeria. single vote of confidence on

Premier M. Guy Mollet's eight- month bid government.

Hone

The

Re-elected

Britain and France are seen

M. split lett

Ritro here as having suffered a big de- Mendes-France, a former Prime feat in the diplomatic struggle | Minister who inde bence in with Egypt over the nationalisa Indo-China and who was re- There is elected frst Vice-President of tion of the Canal. widespread dissatisfaction here the party, in undisputed control with the outcoITIO of negotio- of the party machine.

Exactly how

many parila. will follow the Typical of publie opinion was mentarians

the non-right-wing dissidents who with- tatag's comment

the political provincial newspaper drew their support

Mendes-France Radicals today Progres de Lyon: The Franco will not be known undli to-

morrow at the soonest, udng

when they might have hoped for from their leader, M. Andre Morice, would the Security Council namely

| be mado-China Mall Specia}. of moral condemnation Nasser, who can henceforth con- sider himself the winner."

in

British representatives failed to obtain the one

the

The question of Algeria, where 1,200,000 Europeans live side by side with more than eight

Hungarian Reds Welcomed To Belgrade

By JOHN EARLE

Belgrade, Oct. 15.

Yugoslavia, having today restored formal

from

said in announcemarat

Anti-Atomic

Protection Clothing

Heidelberg, Oct. 18. West Garnitury will soon be able to buy an anți. atomic suit which, its makers claim; gives prò tection from gamma rays and high temperatures.

It consists of a plastic under- suit, gloves and books, covered by a fibreglass outer sult. It

air for breathing.

contains a supply of compressed

"Miss Denmark” — 19-year- by Joint announcement

old Anne Rye Nielsen, La a Atontic Energy CominissionET mannequin from Copenhagen. Lewis L. Strouse and Export | Her 20-year-old blonde Swedish Import Bank President Samuel rival, Eva Brann, hopes to give | C. Waugh said financied us well up her job as a maimequin,

[ friendship with the Italian Communist Party, as technical aid can now be ex- tended to

Altogether 24 young, women turned out the army band to welcome a my country which

T will sign has signed

paraded before the judges, Arst China today began hand-greement for co-operation with in bathing costumes and then in garian Communist delegation, including Mr Ernoeloped in three types for Indus-

evening dress.

Geroe, the party leader, and Mr Andras Hegedues, and for civilian use. The clvi- ling foreign currency de- the United States. posits at their branches in seven major cities.

اد

Br

The

Miss precedern-setting joint

Japan 20-year-old Midoricl Tokra. received nction is designed to expand the

tremendous applause from the itors-for-peace programme in-

bods lo nations wanting to undertake spectators, while a few Cunton,

atomic power development but giveted Miss Sweden. hitherto unable to afford it.

CONSIDER LOANS

The seven cities are Peking. Tentsin, Shanghai, Foochow, Ainoy and Swatow.

and

Hongkong

To

the

atnoutrement

Bank

is

10

The radio said, "Foreign ex- changes that may be deposited are the rouble (to be handled by

a joint ol the People's Bank Cuna today, Strause and Waugh said only, the pound sterling, the

Export-import Swins Franc dollar, Cash deposits are limited, prepared to consider loans

privately owned public utility lu Hongkong dollars.

companies as well as a govern ments on appropriate terms,

General conditions set forth Include:

INTEREST

"Annual interest

on current account for foreign currency

1. Nations seeking Anancial deposits is 1.5 per cent. For six- ng well as engineering assistance month Axed deposits, the annual in construction of atomale nower rate is 3.5 per cent and for one plants must have completed an your ur longer, four per cent. agreement for co-operation with the United States, as provided "Foreign currency

deposits in the atomic energy act of are divided into two categories, ¦ 1954. A and B.

2. The Export-Import Bank

"In both cupes, original will require a comprehensive. foreign currencies may be with-engineering survey of a project;

drawn for remittance abroad or taken out of the country.

"Under Category A, deposits be remitted abroad or

may

technical report by the Atomic Energy Commission on the re- actor part of а projoet; an arrangement for availability atomic fusis, through lease sale by the Atomic Energy Com-

of

or

taken out of the country with mission for the term of a loan:

out being subject to approval

Judges

Prime Minister.

with

Hun-

for forward talka

the portant step Formal

jeaders comradely relations between our Communist Yugoslav will begin tomorrow, a usually parties and peoples," Mr Gérou

said, reliable source here stated.

Pre-

further This carries a slage the reconciliation of the Yugo slay party with the Cominfor The judges of the contest were

broke with Lady Eden, sister-in-law to Bri-parties who tish Premier Sir Anthony Eden), sident Tilo in 1948,

Vice-Presidents racing motorist Stirling Moss, the Duchess of Bedford and the Rankovic Swedish Blm star Anita Ekberg, Vukmanovic-Tempo

Hungarian visitors

The winner receiver a green racing car, £500 and u fort- night's holiday in Paris, France-Presse,

Scrapbook Weighs

and

Warm Affection

"Both countries are building socialism and both wish to co- operate on principles of equality not-interference in the internal relations of the other, hand for the prosperity of our the at

Alexsander

Svetcear And met

station, where the military two peoples"

band played the anthems of the two countries.

Informal Dinner

Mr Rankovic was giving an informal dinner for the visitors evening tonight and tomorrow President Tito will give a re- ception for them.

Informal contacts are report. ed to have taken place during on how long the

Quarter Tonlegation will stay.

Johannesburg, Oct. 18.

Myrtle Murphy,

of the Foreign Exchange Con- evidence of overall financial and 20-year-old Johannesburg

ment.

troi

tained.

ALSO DIPLOMATS Chineso enterpristu

the country concerned to service the dollar debt involved,"

3. Proceeds of the loon can be spent only for equipment, and materials and technical services organisationa abroad, foreign to be exported from the United

States,

de-

five Hungarians, according to usually reliable sources, came the intention of staying four days, and pessing them in Belgrade,

But the Yugoslave were work-

Fruitful

frol Department of the Govern economic soundness of a project; girl, doesn't know anying on a one-week programme,

evidence of the availability" .of

first three days In Belgrade, then "Under Category B, approval funds to defray local currency thing about Rugby and of which the Hungarians would visit Boanda

(Flume), Blovenia and Rijek of the Foreign Exchange Con- costs of the projects; satisfactory thinks soccer a much bet- spend the

Department must be ob-urances as to the ability of ter game.

which is being developed as a But when the Springboks left transit, port of Hungary's over- South Africa for their recent seas trude,

and New The Yugodny pross has hot our of Australid Zealand, the decided to keep a stated how long the Hungarións

and are to stay. xapbook of their tour wrote to three Sydney nowi papers asking for correspondents 60 hr the, replica weigh nimost quarter of a ton,

But despite all that, she sun Loans for conventional power

krow anything about developments in Africa, Asia, doesn't Europe and Latin Amerlan have Rugby. been authorised many times by the Bank during the 22 years Chinese enterprizes, organisa- of its existence. This, however, tions or individuals within the is its first step into the atomic Myches letter, country may open foreign cur-power field. rency deposit accounts under Category B. France-Presse,

Lo

nationals, overseas Chinese and Chinese residents in Hongkong and Macao mày runlt money

foreign currency do post accounts under Category A or B.

"Foreign diplomalle establish- ments or organisations in China may also do:bo.

CO-OPERATION

More Umn 100 grandfather married couples, angle, people and children,, responded

to

the fre

man

Though the Hungarians have sent their two top men, Yugoslav representatives headed by the third Yugoslavia, Mr Rankovic.

In a statement on his arrival Mr Gerce said he expected dad useful discussions" willing, under

cwspaper They went bedry

the Yugoslav perly The Banks is willing,

magkling or pamphlet obstaining

said there had Audtable civumatáncerns and under appropriate terms, so tirios rote the

two countrima fər make loans for construction of dozens of programmes,

serdpbooks but these have for the most paper research res étors; in other na-

maateiner, brooches and part been buried."!-- tions under the atoms for peacO

Much

mant raid

DIED AGED 116 programme, today's announce

¡Goa, Oct 28, "

Myrtle will be buy at her achieved recently has signed sorrespondence for works but two countries as if resu

To date, the USA

bren

of the

Meu Dhond bead Shevate, whose agrements for co-operation per she hopes to be clear by the exchange of numerous politial, tiga was placed at 110. years, hastaining to research reactors, summ diod, at ber honom here: she left with Ricountries; and dicus="

aho can begin | cultural and econ

the game, of Tanzania or SUL

ゆえ

that

The sult, which will soon be on the market, has been deye.

triai rescue work, for military

Hún version will.com about 800 marks (about £66 sterling).

The suit is claimed to give

(atomic, protection from all the "ABC" bacteriological and chemical weapons, De well as and napalm from phosphorus barnba

The covering cfteci of gimma

the wearer

reduces

the

rays

and to survive

enables temporary exposure to tempera- tures higher than 1,000 degrees centigrade, the makers say.

He said he greeled President It weighs between four and a Tito--"The exceptional leader | half and sixteen and a half of the Yugoslav people."--with pounds (2.13 and 6,22 kilo- "warm affection." China Mali granis). according to type.- Special.

China Mail Special,

Sandur

Sander

WORLD'S 'TRINDEBT. WATERPROOF WATON

SHRIRO