1957-04-25 — Page 9

THE CHINA MAIL,

THURSDAY, APRIL 25, 1957.

Fage

TRADE and COMMERCE SECTION

COMMON MARKET TREATY

Tariffs To Be Fixed

At Level Of Averages

Brussels, Apr. 24. the treaty, the duties According to applied under the common customs tariff shall, in principle, be fixed at the level of the arithmetical average of the duties levied in the four customs areas covered by the Community, i.e. Franco, West Germany, Italy and the Benelux group. It is stated that "duties taken into account calculating the average shall be those levied by member states on January 1, 1957," subject to the upgrading of Italian and certain French duties.

for

The "tariff wall" which is to be built around the six countries of the common market at the end of the market's "transitional period," which could be 17 or even more years, is based on the following 8 lists:

taxed 14

A refus

"dutie houdings based on taken in acetat 19 France" of calculating Ter the PJE the arthinetiral average. It un- cludes some chemical products,

*! fortlesers, paper

bined. yarn of artifional fires, cotton yarn, coronit yarn, ear- pets, carpeting and rugs, indies of pumps, machines, and instru inents for air bævigaland),

★ Lisa B, Merist teachings

Mil-

There

by

Minister.

Community's

"by

the un-

the Coured!

body. governing Infor vote up to the end of (ie. at the The second suge" end of the eighth or enth year market's exis- tener), the frealy says. Farch member state may add further products to List H "up to two per cent of the total value

in the MUHA

WOOL RETURNS PROVIDE FLEXIBILITY

The

IN AUSTRALIAN TRADE POLICIES.....

Melbourne, Apr. 24.

Australia's addition to Overcas monetary reserves through buoyant wool returns should be largo enough to afford useful degree flexibility in the nation's in- transactionS, NO- ternational

The monthly National the

cording

*

Summary of Bank of Australla.

af

hasty

"The present buoyancy of wool is not the occasion for grim tho Inevit- forebodings at ability of inflation. Sull less it in the occasion for adventure into controla over industry and trade," the Bank Bald. "Rather does it provide an op- portunity for more flexibility in trade policies for the re- tention of competition in đo- meatle markela and for pro-

WORLD RUBBER MARKETS

New York, Apr, 24. Rex rubber

closet today

futures contract 20 lu 25 points lower with sales of 85 contracts.

32.43

Muy

July

Sept

Nov

J

CORRB

Med Play

its import from outskie eram-

rien ditring the year 1956."

At

the list includes the followmg products: paste, eveva butter, unsweetened and perexler, chocolate other food preparatiora contain- ing cocon, bakery products, ten

COLO

Prophet of wr. . duth. der the common custom, tariff may not exered three più cent“ valery to mas materials. incitide vegetable Abres мам In She specified separately Brussels clasificaton, unwork-and cuffée

il horn, vory. tortoise shell, natural and reclaimed cotton lintuus other

rubber.

than w

unworked pearls, precious and semi-precious stones.

★List

comprise E Amhed products

Ken-

wagers an

Standard contract

32.30

32,10

21.70 31.50

closed 18 to 20 puints lower with no sales,

را محمد

May

Sept. Nov. Jan Mar.

Intra-dealer

נאן, בן

32.45

22.30

31.10

31.50

31.10

switching of

Ex- for

fucts, kine, lend and their oren, roural and swin timber, alumin- Jum, Lis

and waste

SKYOJ

and contracts - July-May (magnesium, Lantalum,

May contract changes of sten," and molybdenum),

physical rubber made up about one-third of the terminal market business. The balance of the trade

represented routine

Agriculture

dealings between the trade, with

The treaty's chapter two deals speculative interest lacking.

Wath

COURTN

10

..

-

P

rem towara of

wider

the restoration' free market

system.”

Wool prices had helped bank B54 should also Uquidity benens farming incomes by more than A£100 million this

the

1121- Bank sald. year, vestment in farm imprors- ments and capital equipment, and tho immediate business ght also be boosted. outlook might

warned, however, The Bank

that these developments were not without their risks. Fears were already being expressed that inflation emerge

But of new spending power. these risks should

Dot

be over-emphasised as other fea

tures within the economy, like retail turnovers, building activity, motor vehicle salon

HONGKONG

STOCK EXCHANGE

(From Our Correspondent)

this аррга-

BEST VOLUME OF YEAR CON WALL STREET

New York, Apr. 24.

The market generated its best volume of the Business done on the Hong-year today in a stock “spectacular" which came

Exchange kong Stock

as welcome relief after weeks of routine sessions. morning amounted to ximately $800,000. Noon quota- Prices moved higher throughout the list and tions and the morning's tran

there were gains exceeding 2 points in numerous Bayers Bellets

Sale

groups the aircrafts, oils, metals, chemicals and 1050

100special issues.

actions: Shares

and private capital expansioti were not increasing rapidly.

was Government expenditure

the main factor known to be higher. The Hank wald

the high wool Income should be offset in ANKS 1857/58

material in Bank.. by 4 crease in

That Imports.

East Asta should go far towards relley- INSURANCES my potential upward pressure en the price level

A new appreciation of monetary

stability

Was becoming a

36

1635

pkpat

to

Voltime ran

2,000,000 shares, 150,000 shares shead of Tuesday and heaviest sinco’Dec.

17573031, 1950. 5500 1 T

100 @ 103

512 4 19.20 “(Tu) 10.20 10,40

640 10.30

Bethlehem Steel, which bad a 20,000-share opening; Cheyaler, which appeared initially on 12,000 shares, and Lukens Steel were the three mos1 active issues.

The last provided the big re- works, moving over a 12-point 1019 range in a fashion which twice

400 10.40

000 140 threed suspension of trading

while specialists

100 1.68 match orders.

1003

240

Unkom

BTU

Lombard

37

| KHIPPING

Wheelck

7.30

might

re-

parent, the Bank sold. offered the prospect of a more settled background business

Enterprise and for LAND, ETC. the economie life of the in- through the injection

dividual,

DOCKS, ETC.

K. Wharf.. Dock for Provident. 12.30

102

4836 1211

HK Hutei

14.70

1000 « 14,70 1000 14.00 500 @ 14.70

necessary

CTORBO wider

in

Such stability was particularty BK Land

to facilitate an in-

exporta

Humphreys over range of products—| Romliy China Mall Special.

•

16,70

1.35

1:40 15000

RUBBER Amaig

1.470

1.50 5000 @ 1.470

Trust

1.65 1.04

Vid 1.53

21.40

2000 @ 2245

138

102 193

500 @ 138 120 4 103

Lukens,

2400

29,70 20

24 24.00 2500

INDUSTRIALS Cement

321% 32

800 32.23

Rope

Amoy Can STORES, ETC.

Watson

1834 12,00

300 @ 14.00 534 1115

228.30

100

4.00 4.70

17

8.15

Steady Trading On New York Cotton Market

New York, Apr. 24.

Quiet and mixed cotton futures trading today featured steadiness in nearby deliveries while the distant October delivery remained under individual pressure.

the list

Closing around the day's lowest levels ruled up 3 to off 38 points. The market opened up 4 off 8 to 41 to off 9 points. New Orleans closed points.

CHICAGO GRAIN port policy, with reports

MARKET

Chicago, Apr. 24. Grain futures were mixed on the Board of Trade today dur- ing fairly irregular dealings.

new

of

UTILITIES

Tram

Star Ferry Youma

C. Light (0)

X AL Electric

Del,

Dairy XD. 14.00 14.90

at C. norm exte

COTTONS MISCELLANEOUS Jon beat. INVESTMENTS Yangjaze

Allied

BK & E

Irvext

worked

Lukens

Parke Davis Co. Penny J. C. Co. Penn, Balt Co. Procter & Gamble Co. Pittsburgh Plate Gines Publiciter Industries

Radio Corporation

Beputtle Steel Reynolds Metal Shell Of Co. Saint R Paper Sinclair Oll Socony Mobil Solar Aircraft

South Puerto Rico Sugar

Southern National Cas standard Brands Southern Ralhway

(Coin.)

Standard Oil of Cal.

to Standard Oil of Ind.

already under in-

Standard Ou of NJ.

Steep Hock (Toronto ge Sterling Drug Cu. Stokely-Vin_Camp. Studebaker-Packard Cor Swift de Ca

Texas Co...

Tide Water Asen, Oli

18.40 vestigation for recent price | Twenty Century Fox Film

29

20,00

nymotions, opened on 7,500

100 66

24.60 shares at $103, run up to

high of $110%, up 10 600.10 new

1000

01.201.

ם

dropped to $103 where

to

SUL

784 @ 32.25 trading was suspended at 11.24 It re-opened at 1.33 p.m. on a 7,500-share block at 92 off 14; quickly ran back up $105 where 11 again wig pended at 1.49. Re-opening came at the clove on another 7,500- share block at 1014, up 14 net. The stock Lucarly 60 the points above 115 low for

Short year,

wad covering! mentioned as a factor in recent

600 GP 0.0

London Startled

Union Carbide

Union Pacido Railwa

United Atremett

US av

U.S. Foll "p"

US. Le co.

IS. Rubber

U.S. Smelling

U.S. Steel

Warner Bros.

Westinghotte Electric

Western Union Tel. Co. West Va. Pip & Paper Woolworth

United Perm

IMF OFFICIAL

and

utilities

жете

4.39 460 000 m 4.00 sharp gains.

Ralla neglected.

The Dow Jones everages showed industrials at 493.60, up 1.78 points at their best level since Jan, 11, Rails at 140.55 at were up .84 point, utilities 72.73, off .26 and the 85 stocks at 173.06 up 39 point,

By Sterling's Sudden Strength

Of 1,196 issues traded-most

10

bond

CAUTIONS EXPORTERS

New York, Apr. 24. Mr Per Jacobbson, Manag-

since Jan. 14-429 were higher, Ing. Director of the Internt- 618 lower, 249 unchanged with tional Monetary Fund, has new urged continuation of anti- 98 at now highs, 36 lows.

Inflationary measures and NY Stock Exchange

cautioned exporting volume was $4,970,000.

Stock Exchange tries against pricing them-

the selves out of

workl volume was 1,180,000 shares,

Closing Prices

American

to the Uncertainties relating future government price sup-

the programme may be liberalized next year in order to strength corton's competitive position with rayon, and to recapture foreign spect of which cuties may not

markets, brought further New exceed 10 per cent." They in- elude newsprint ITA culis, cer-

Orleans commission house selling the

London, Apr. 24. In the shipment markel, trin exile yarns, kines in

in the distant month. agriculture. 11 permite excluding option) glass,

moderate quantities were re

Straddie-roversing operations, Stock markets were electrified silver and

devylejament subsidies, both

involving the sale of October today by the sudden strength lys (un- RYCT

six-nation Purled but at prices above local

against producers In

purchasos

newer displayed by sterling, the

specta Wright). unner ught gold und

COM

art overecas buyer kleas, Reported sales

New crop wheat futures fell Fold allye, plaCour and other

of the munter- cluded Indo-China one sheets,

seasonal laws during months, also were in evidence, cle of a rise from 2.79 1/82 to dependenen s

traders said, platinum group mells of the

2.79 11/32 in a few hours. This The fixing of minuma April/May, cost and freight at

The American Cotton Ship boat the similar rise in March, (opronight) and their clip

prices is a permitted under 31% cents and some two sheets, morning trade with combined

commiazion house and local porn Association, which opens.

Immediate effect was to cause and other principal meals in the

there arielts which provide for m the same position, at 31%

the extreme lows its 33rd annual convention in selling. On creature of a xlx-country cents, with a total of about 40 there were some light upward New Orleans tomorrow, is ex-

# demand for British GoverTI- form of red, braw, angles

Use shapes plaws, shests, or strip.

ment stocks with Old Consols "Eatropean Marketing Board." lons involved. Indonesia shippers

but the minor rallies รว

to develop pected al twintig (4

and War Loan rising 8 shillings | Alden the. Aey. reportedly gold some two-X trends,

maintain.

thinking on embox cut Mirages, 』*#?

government farm"

and the railway penice A ***

11:1 enumerates forated.

thin browns at 28 cents, April/ were difficult printed). conted

stocks

10 nationalisation

up in- Consumer May shipment.

Soybeans were mixed. Prices policy, traders thought,

Catton

texthe other than that becked with re- | ngrwultura, dairy

neva, стор

shillings. the delivered market fluctuated actively canned

terest in

during the aluminum ten products. irafereing maltesis

vegetalles, Brat, unspir flax

Industrials were active but here was

less apparent. Spot day most of the soybean con- market developments, spot cot- powder, drosti Prather, balik-

ton demand and the usual run rists were modest and distinctly and hemp which are {vered

No. 1 Rss was quoted at 32% tracts. ing and refractory materials.

of price shaping factor under chapter two.

were selective and not all of them cents.

uncer were able to hold their quins to Wheat closed up % to 11⁄2 for overshadowed by farm

The old contract; and new contract] tainties.

close. S'eels and was unchanged to up one,

Soybeans closed up

Chemicals

ind ("In repert List D which titles may not exceed in with 15 per cent") deals organte chemicals, organic and Intergarde zompounds of precious metals, of rare earth mauls, r

and clemonts radio:ctive Isotopes.

and planta- mens,

And

SINGAPORE The market opened higher on beller overseas advices and it

Appended to the trento lists are protocols authorising West Germany to import duty-cased alightly on quiet market. free up 90 per cent of her

There was a good enquiry for lat year's buna noris, Italy awer sheets. Futures: to import up to 100 per cent of her last year's coffee imports at

before effective

the dutierr treaty's entry into force, and the Benelux grou

of land, and Luv Hol

List E for which common tariff duties may not exceed

25 per cent, deals with organic chemicals, colorants and plastic mactals.

List F for

duties

which

have been already fixed by during the mutual agreement

which led to the negotiations signature of the common market includes live horses for treaty

nd (1 per cent

meet 16 per valorem), horse cent, beef and pork 20 per cent,

maughter

cent, honey

butler 24 per cent, fresh cent, sugar 80 per bananas 20 per cent, apricots, 25 per cent, green coffee 10 per cent, cooch beans,

whole broken, raw or coasted, sheils, huks, skins and rine por cent, seeds for other than beetroot 10 per cont

arkk crub canned simon

per cent.

DOT

to im- 105€ cent of their P 85 coffee imports duty-free. These authorisations are to be arduecd

June 13-133

No. 1 rubber per lb. May

No. 2 rubber per lb, May No. 3

after the first four or six years with spot quoted at 27 perce stage in the setting up of the per 1 Prices: rusioms-free common market-- China Mall Special.

Jan/Mar.

Spot General markets, cit basis, ports:

BURMA WANTS A

AGREEMENT RENEWED

Rangoon, Apr. 24. Burma has asked the United

or States to renew the agricultural Cocon and commodities agreement, waste known as the 'PL-480 agree- sowing|ment, providing for the sale of

American certain

produce In

May June

AMSTERDAM

some

re-

chain

First delivery notices against stores were perhaps the most Woolworths alona to 1% the May contract today reached active:

While the total encountered 3,200 bales.

selling and closed more

a loss of 1 shilling. that with was aumewhat

Oils had very litle following. were the tendera expected.

taken up by spot British Petroleum kost 3 chillings, interests and had little market Burmah and Sheil Transport 2

Dutch

promptly

influence.

Volume

2

Canol

and Royal shillings The

May open

position shillings Spence, Sucz The lost sterling to 492. bales, totalled 148,000

Foreign bonda were inactive certificated stock remained at

with no movement in Germans; 11,122

In Japanese the Open interest only activity

was in the 1899 whose

gained one sterling spented

4 sterling. und the assented Greeks were fractionally down; the Chinese list the 19255 guined sterling.

леп

Dollar stocka were marked up

Prices of cotton futures closed a little to get them in step with Wall Street prices but the pre- mium which they enjoy 23.401

unchanged at 01⁄2 per cent.-- United Press,

cents,

Wheat, No. 2, red

Spot

253-253

May 225(10) 223.(1)

EL

0-9071%

July

Sept

88-8016

Dec.

Spot rubber unbaled Blanket crepe No. I pale crepo

9žvedžių | Corn, No. 2, yellow

01-84 98-100

Spot

201 21041-14

21714-9%

1311

May

LONDON

July

The rubber market was quiet

Sept

100.

Morth

Mar.

May

Bye

July

19,500 4,300

140,000

101,400

No. Ros pot

2734-2745

May

12945

Oct.

$300

174,800

Settlement house term:

July

121 %

Dec.

7,000

109,400

May

Juna

July/Sept!

Out/Dec

273-2735 2732-2315

2716-2712 2016-XY

Oate

Mar.

4,100

68,500

May

71

May

4700

03.200

July

3,000

00,007

in

July

00%

Soybeans, No. 2, yellow

Oct.

9.1.00

22300

Total

$7,000

$31,000 bales

NEW YORK

21 buyers

May

27-24 27-2714 2016 unquoted

July

Bapt. Nov. Jati. Barley Spot

today as follows:

Spot

May

July

130-140

Oct.

Doc,

200 lb. mack

$1.50

Mar.

-United Press.

WINNIPEG PRICES

Winnipeg, Apr. 24. Prices of grain futures closed today in cents per bushel ar follows:

May

July

Oct.

Spot

May July

Osta

October

May

7014

December

July

2016

March

Oct.

20%

May

JUN

Ryo

October

May

1002/

July

1031%

Oct.

2001

New York, Apr. 24. Closing rates were: Canasin England ometat

Barley

May

8714

bid contract

July Oct.

8911

May/June

911

July/Aug.

14

Flaxseed

May

Ook/Nor.

Dear Jan.

2736

July

273%

Mar/Apr.

New coinet

Oct,

May/June

| Estate crepe thin May

thick

Tho rubber market

was New York Bour Prices closed today cit per kilogram,

very quiet.

In guilders May as follows:

No. 2 rubber

No. 1 rubber

No, rubber

No. 1 erepo

2.65 buyers

1.63 buyerE 2.30 buyer 3.02 buyers United Press.

20gainst payment Burmese New York Foreign

Duty-Free

List G

products which will be imported duty-free are: Oll seeds and oleaginous frulis,

iyats.

The agreement signed ic February last year provided for the sale of 21,700,000 dollars of American farm sur- worth pluses, including raw cotton, tobacco and dairy products.

Burma diverted $17,500,000 natural beeswax, nature? veg worth of American cotion

*

Exchange

30-days 00-days to Australia

New Zealand labda waxen, kzolin, sillimante, Japan, Britain, India and Westouth Africa

granite, porphyry, Germany, marble,

in

for Belgium exchange natural back and sandstone,

finished textiles and yarn, and

Pakistan magnesium carbonate,

Imported directly $3,000,000 petroleum and shale oils, cotton, lnters and waste, hemp, worth of American tobacco and

dairy products, mamic, and mantlin, jute, copper and copper mat, nickel, tin, taw tides and slina,

criado NOW

The

1.00% 9.79 5/10 2.70 140 2.78 2/10 2.23 1.230/10 2.79 11/18

0198 11/10 1:090 .2090

**United Prem,

Exchange Rates

Canadian wheat export No. 3,

150 cents; No. 5, 186 centa, ́ ́~~~ United Press.

NEW ORLEANS

35.30

34.00

13.60

33.03

23.57

Prices of cotton futures closed today as follows:

$4.80

34,82

33,59

23.03

3303

Allied Chemicaln All Chalmera American Airline

American Cablo

Corp.

American Cyanumido Amor & Forgn. Power

Am. Mach. & dry. American Metal

American Smelling Am. Bugur Ref. American & Tel American Tob. "B" Anaconda Copper

Armco, Steel

Annot Allas Cork, Blining Baldwin-Lima-Ham Baltimore & Ohlo Beneficial Finance

Bendix Aviation Corp. Benguet Cook, Bethlehem Steel

Boeing Airpo

$ 18

BOT

18%

Radio

Borden (The) Burroughs Add Machine Canadian Pacific R. Case (3, 1.) Co.

Cat. Tractor Celanese Corp.

C. I. T. Financial Corp. Chrysler Motor Climax Molybdenum

19

market.

comm-

Addressing the United Nations Economic and Social Council hê warned most countries to re member that it they con Unued to allow costs and prices to rite they might not be able In the future to camt ön a to- crease in the general level of world market prices,

Mr Jacobbson said it would be a brave man who would try to foretell how long the present Investment boom would last. The 600 volume of aggregate investments seemed to be holding up well despite reports of weakening 60% demand in particular sectors.

For most countries, therefore, 473 resistance to inflationary pres-

sure was still a primary task.

FLEXIBLE CREDITS

Flexible credits policies and greater budgetary efforts by the general run of Europeon COLLE tries had fortified their economies, and augmented their monetary reserves.

This had enabled them to meet the increased costs of all the shipments, etc-aided by mild winter-far better than many had feared

Colgate-Palmolive Co. Colombian Carbon Co. Commercial Credit

437年

50%

Commonwealth Eleo.

321

|

Consolidated Edison Continental Oil of Del. Crown Zellerbach

8710

was

Cuban Amer. Bugur

Diamond Alkali

281

Douglas Aircraft

Dow Chemicala ....

Dupont de Namoure

183

Eastern Airline

031

El Pro National Gas ... Yamily Tijanco Corp.

304

...

Firestone Tyre & Rubber

ASIL

4312

4100

301

operate-or 1950 when Korean war started,

2013

New York Sugar

Market

Eastman Kodak

Ford Motor ya General Electric Now York, Apr. 24.

General Foods World No. 4 migħr futures General Motors today closed unchanged to 17 Ges. Pub, Util. paints lower with sales of 974 Cetty ou

Glöden Co. contracts.

Goodrich (B. 7.) Co. Domestic No. 6 sugar futures Goodyear Tyre closed today 2 to 3 points lower gut Off *****

Heyders Newport Corp. with sales of 28 contracts.

Homestarka laing Co. Reactionary, swing in the Ingersoll-land world contract was attributed Inland Steel Co.

Interchemical Corp. Cotton

mainly

profit-talding and at Business Mestrines pence per lb. were as follows: hedge selling on technical In Hewarlor

International Paper 20.55 reasons, and reflecting the Tower International Nickel 2000 irend in rawn

Fat Tide Tol Despite the contrary action John-Villa Co

Oct/Nov.

23.61 32.07 31.15-20

LIVERPOOL

futuro

closing,

Doc/JAIL

Mar/Apr

SAO PAULO

·Colton, future

in

23.10

τα

2016 of futures, market observers Kasin C. Power & Light"

Liggett Meyers Tob. Co. expected a further tightening in zoocheed Airerüft ............ the world spot market this year. Losws Incorp, ***

cruzeiros per idlo were as fol- May

low:

Dec.

Lone Star, Cement Co. Lowensteió de Boni, ***

Aircraft McDonnell

Block Exgd.).. Steinbr. Der Corp. 4.75-79 Minmate Mining

Miestors, Development Boomto Chiedent Co Hontgomery Word

Contract No. 4 (world)

20.20

May

4.00

July

1.60

Dept.

1 | Mar.

Dot.

6.00

Fruly

Bept.

20:30

40.10

Apol-toents per it, for

GET

40.300 40,30

......... Conitwol No, 6 (domestic)

Bept.

Open Inter#x}; F.137 contruotą.

NAMESAKES Out of the proceeds of sales, the United States Govern-

Firedde, 2 Wor Ahasvært 1 List H is for goods on mant recently agreed to extend

Bysite was done in the Local whips, 3 Washington, 4 United marintia this; 6, Stodic; 6 Allerler 7 - Kepublic, which no rates of duty have $17,300,000 worth of Burmese unofficial exchange

In the United States, the July Nation, 9 Amertes, 10 Demo been agreed yet and which must currency to Buma on part of morning at the following, Ketom: be fixed, by negotiation, within the $42,800,000 Joan for which U., doline, (per 1)-panaman.

18.60 grat, 11 Oba 12 Presided, 18 merdge price of abe-inch cotton, merling note: (per 21). win algnod fa Australian notes) (phy · 23 1994 Lamo, 14. Votos, 15 BrentIDERIO MALA – Chouftgenated - Funkets was Dost-fcents per fo, cũ NY years after the treaty's an Agreement

Yalta, 17 Biatem.

Salles totalled 47,078 coming into force. Failing an Washington et month,France Indon, ruplats, (9890s.

51ed tion (par doo)

Franklin Roosevitz, ricament, iw duties may be Presse.

two

Interests

Undled: Presa.

THE MOTOrale Inn, szak

Rational Cash Repa Hallonst Dairy Prod. National Dwel Corp. New York Central..

Pan American Alowaží

(Am

He did not pretend the West Extropean countries were all in a strong position, but they cer-

better tainly were

abe to

weather the recent storm than

they had been to 1947-before the Marshall Plan had begun to

tho

Mr Jacobbeon defended Bri- 714 tain's

во

1204

19

"recent large trans. notion" with the International Monetary Fund, saying that it atz was also in general interest that Bil support should be given to 'a' |currency in which tver kull 5741 the world's current transactions were, witled, - China - Minil

40

P016 Special.

London Foreign

Exchange

London, Apr,

Closing rates were:

New Turk A VENTI SÁLB-

Montres!

Amatardati

Brusoin

Copenhvien Frankfuri

Kuric

.,