1957-04-13 — Page 5

Fall

SURVEY

Page

THE CHINA MAIL, - SATURDAY, APRIL 13, 1957.

DEFENCEL

WHITE PAPER

Opportunity BUDGET

Cuts

WARHEADS

ROCKETS

us. POLICY CONTROLES

NATIONAL OUTLOOK

Intelligence Report

BUSINESS

LUNACY!

by Sefton Delmer

NUCLE

Copyright in

all countries

CONTRIBUTING WAITERS

STEPHEN CONSTANT TOM STACEY

We Are Set Here In Paris To Watch Britain's Priceless Asset

GIVEN AWAY

PARIS. proposition which is being dans, Australians, South Hotel Continental

NUPPOSE you owned quietly initiated

on your Africans, und other Empire meet British

an up-and-coming behalf here in Paris this nacions. business, already week.

worth £100 million, and that your relatives had almost

SACRIFICE

world THE 2100 MILLION 4

monopoly on the main raw material you used.

01

are

in Paris to the British know-how to help atom men who her. And what guarantee is they so there that the Germans will eventually put their best atemie Iccas and andings into common pool?

have the know-how THE FOREIGNERS

the desperately need. Germans, Italians, Greeks, Austrians,

the 12 ther and nations belonging to O.LE.C. the Organisation or Extropean

is the Economie Co-operation, suerlice you made in tax so

Supporters

of the

scheme Britain that British sciartista,

tle-up working to

economi- with with no outalde help, could dis- cally

Europe are deter- cover the secrets of harnessing mined to include atomic power

in their plans. atomic energy,

they

What would you say to

have the idea

taking into THE BUSINESS partnership 16 foreigners bulit up is the atomic-electricity generating Industry on which with practically no assets the Government is bunking to and some of whom cannot restore Britain's prosperity, be trusted?

THE

MATERIAL 13 uantum. You would say it was

YOUR RELATIVES who own madness. Yet that is the almost all of it are the Cana-

Switzerland's

THE

RAW

THE KNOW-HOW

MAJOR MOVE

the

by

They have always been adept More than 1,000 applied to at infringing agreements

be hiding any industrial develop- attend, but they could not

10 packed in the hotel's plilared ments they wanted to keep and grotesquely decorated ball- themselves even such major

projects as building warships.

room.

no

On the surface the occasion ta more than a technieni conference about running stomic power plants.

400 scientist engineers, and industrialists - with But my inquiries convince me names like Kurt Sauerwein, that it is in fact major inve Old Dahl, Bruno Fuchs, and by O.EE.C. to start the flow of Leonard Korsakowski-are con- commercial atomic secrets from verging on the once-fashionable Britain to Europe,

is Mystery

Washington.

THE Soviet Union, by means of gigan- tic deals engineered through Swiss banks in utmost secrecy, is believed

to be in process of becoming a "shadow partner" in American industries - some of them of vital importance to United States military preparedness.

Money

Holds The Atom

This is the main finding of a governinent agency

To let fear of German 15 years' competition in time panic us into a one- Hided agreement Dow fs commercial cowardice.

Like ali the international organisations this atom club is going to cost the British tox- payers much more money than It will be followed by further the grants they are already pro- conferences at which the facts viding to give some scientists a to be imparted will be increas- wook in Paris in the spring. ingly more valuable to the Europeans.

This is a briefing conference for Europe, which is just begin- ning in the atom business," an O.E.EC. official told me.

FAR ADVANCED

THER

THERE is already un O.E.E.C. threo scheme to set up atomic research plants in Europe Britain is the only OEEC. from which the Germans, Por- nation which has any. - tugurse, Turks, and others will Operience of building and open- derive the main benefit,

ting atomic power plants. None

been

which has suspicious. People have

trying to turn in the bonds for

of the others has a Calder Hall The Govertiment has been or the mighty processing plante maliced into helping to finance at which go with 1

Icast one or these, yet it is While post-war Britain made already wondering how it will raise the £918 million it pro- great sacrifices In money, materials, and sweat to prove poses to spend on atom-power

atom power was feasible, production at home.

Sonate "internal security" lately become increasingly con- "Validation".. committee which has been

cerned over the situation. The. investigating the extent and

Only the other day there was thet Slate Department and the origin of foreign investments in the United States.

Treasury and Commerce De- partments are now hot on the and Young bonds to

of 275,000 dollars,

be

trull also,

report In a

about to published the Senate commolitec

will point out that: (a) Foreign

Arthur 1. Bloomfield, senior holdings in the United States economist to the Federal Re-

L

total 26,800,-

000,000 dollars.

(b) The iden-

tity of

the

foreign inves-

Wi-

tors is

known. (c)

The American

no way

By Rene MacColl

Defence Department his serve Bank of New York,

banks it can easily be done

an attempt to "validate" Dawes Germany, France, Switzerland, The staging of this Paris con-

the value and the rest cashed in bh ference convinces me that the

immediate export markets.

Who is behind these attempts? The Russians?

Genova:

It is

Banque

no

AGAINST IT

+

anch a way that "It could not des Bunique and the Buelote change. Officials talked

large

to

European atom-pool plarits arc much further-advanced than the public has been told.

Trade is

60

that the Board of The American Treasury is re-

in deeply involved fusing to honour my of the

They nre NOW 50 for discussions to "Liberalisu" bonds which cannot be proved 20 have been outside Germany behind that they can make uranium and other atomic fuels.

conceivable return of In 1845.

The plan is to set up a Euro- atomle know-how In the

free bean

market

that be- Ernest Ashwick cables from foreseeable future.

economie fuels can be sold

of tween member nations free British scientists and indue import duty. Swiss trialists estimated that

have talked I of discovering testified that if Soviet Russia in banks, including the Big Three here and in London erg strongly exactly who is investing in the bustly buying up American

MAIN SOURCE firms carrying out American

of G securities via tight-lipped Swige (Le Credit Suisse, the Union do opposed to any one-alded inter- military contracts,

Suisses) and the vague scheme for safeguarding number of so-called Britain's more vital trade scents MUCH of the uranium which the scientists wonder will be "liberalised" will Finally, soys the committee, a be traced by the Federal Re banques privers, holding some but great deal of these huge foreign arve Bank or any other Ameri- thing

comic from Canada, and the well over 1,500,000,000 whether this will be workable, koldings "could be withdrawn ean agency",

worth

Canadians have already voiced dollars

of shares L

The only people I can find. er mittivings about this link- on very short notice at any

United States kay Industries

who are really enthusiastle up with Europe because it is moment" thus precipitating a A full-scale Congressional in- large scale disruption of the vestigation into the situation for their anonymous clients. American defence machine.

is certain soon,

Because of Swiss banking for the atomic tie-up are the bound to looten Empiro ties,

Beltais paramount in the secrecy nobody could discover Europeans representing such

owners of this firms as Siemens-Schucker world on the stomie power is bringing Tho Senato committco Meanwhile another aspect of who are the questioned

after the matter is openly worrying vast cum dr what control this twerke, I.G. Mettal, and the know-how which witnes in attempts to discover the American governumcrit au foreign capital would give a Deutsche Badeokwerke.

thorities. Back in the 1920s 850, these anonymons, owners over capital" which has CÓMU flooding into the United States, were sold to Americans: as part United States.

of what were thon, called the

report post-World War Germany As deter som 45 Gilot seized power he of this repudiated these loans,

witness

.

the source of the "mystery willion dolars wbeth of bonds "any z firm of. · Industry in the|

But "these wines a wid Young Johna to Through this loophole it plaids the committee, that there is no way of mining the sources forein' money","

All were agreed, however, That wilsbriand in nine times

mut of tch the clearing house for

the itary deals, lakka

podbic for any person group of person werking fur bemselves br for: A forelan concert or Power to goln Bhan Jon control over sortin But the bonde ware not American industries With anstroyed. They were stored in 31 per cent control la the com Barin Vauliarus captured by pay it may even be possible to the Hulan, athy when they change the Boore Bergkurdelers

about a second volution,

industria2

The O.E.E.C. argument for

The Empire is paramount linking up with these people is that we might be denied any as source of the uranium secrets they may discover in the fuel on which this revolution years ahend If we stand aloof depends. froin them now.

NO GUARANTEE

To disrupt such a propitious partnership

to further a doubtful

is also argued that unless doctrinaire scheme, even

Britain jothe the own if defensible politically,

Cook Berlinin 1048 Lately ory wilt tiruld be bebat hire dormany will eventually snatch

thero has been a number of serious at triijent periods, the leadorskup there. Ke looks like, commercial

The Defence Department 18 fcidents which have made the dinge production standards ne ty say that. Dermany 1 much

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