1957-07-11 — Page 1

PHILISHAVE

TO-DAY

CILMAN & CO. LTD, compte temén

• COMMENT OF

THE DAY

Spiralling Costs

HERE was almost a note

To desperation in the

speech of Mir Peter Thornoy- croft, Chancellor of the Exchequer, in London last night on Britain's chronic and apparently incurable economie debility. "Inflation is perhaps the moet intract- uble and difficult problem we have to face," he anid. And again "We must find way to meet this problem. We certainly shall not And

an answer to it in blaming

one another."

CHINA

No. 36791

MALENKOV

Made Manager

Of Far Off

Power Station

London, July 10.

MR Georgi Malenkov, one of the Russian leaders disgraced in the Kremlin purge,

has been appointed manager of a power

Mr Thorneycroft placed the station 2,000 miles from Moscow in the

prospecta squarely

before

the nation. Unless Inflations Far East "virgin_lands.”

is checked, Britain faces a

continual decline in

the

Announcing this tonight Moscow Radio said

valuo of itn currency. the appointment proved that the Soviet Communist. Party "is not in the habit of taking petty revenge,”

Britain, still holds the posi-

The radio said the lenders

tion of world banker tüdny. Can it, if this decline con- tinues, maintain this role concerned had been "transter- in the hope that a mira-red" to other work but it made no reference to the jobs allotted culous resilience which has served it so well in the past to the others who include the forrner Deputy Premiers will again inject a new lense Molotov and Kaganovitch. of life into its economy?

Malenkov, who was Minister BSERVERS arc Baying of Power Stations before the

that

East the Chancellor'apurRe, is to have for warning last night was the Kazakhstan, in the Steppes, to gravest for some time.manage a hydro-electric power Prices and wages have station at Ust-Kamenogorsk

Part of the indictment levelled spiralled upwards during

against the dismissed lenders the past year and the pur: by Mr Nikita Khrushchev, the chasing value of the pound party chief, was that they had declined. Government not wholeheartedly supported HAN securities have fallen to his pct campaign for ploncering of the so-called record low levels as In-development vestors have switched their virgin lands. money to industrial shares

or

10

Canadian and US duilar stocke.

NO PERSECUTION

The radio, in an English-

the dis- Pro-

A fresh blow in the Oght language broadcast on

against rising prices was missals from the purty the newly-announced In-sidium, said there could bo no creuse in the price of cout thought of persecution of the by 6/6 ton. With: coal nen. concerned but they had a major Item in the budgets been hansferred to other work. of many industries, this Increase in expected to lead to further jumps in the cost of transport and many types of goods. This is bad enough but by far the biggest problem is to be found in the trade unions purblind reluctance to face economle facts.

MOST unions have thrown off all restraints on wage demands and, to make matters worse, engineers, builders, railwaymen nd coalminers are now asking for a 40-hour week.

This

is not to say that the principle of shorter hours ls objectionable, but it has

to be placed in the context

of the current economic

"Malenkov, for instance, formerly the Minister of Electric Stations, has been appointed manager of the Ust-Kamenogorsk hydro-electric station, one of the largest in the Soviet Union," the radio said.

This makes it clear that the myths being spread by some of the Western journalists about the persecution of the members of inil-pany group are merely in- tended to defame the democratic system of the CPSU."

FIRST IMPORTANCE

ដ

K KISSED

Prague, July 10. While visiting Soviet Communist Party leader Nikita Khrushchev

Wha attending

memorial beremony for fallen Soviet soldiers in Prague, an eld wunda pushed past the pollen cordøst. acized his hand, kissed 1. burst into sobe and then disappeared Into the crewd again,

The incident took place Lan the

Cemetry Olmay where Khrushchev and Soviet Premier Nikolai Balgenin had bed ένα wreaths of red roses placed memorial to the the Red Army. Then while a military band played a furera! march Khrushchev stepped forward alone and added a simple bouquet of violeta-Franco-Presso,

el

Fishermen Starving Three Days

Established 1843

THE WEATHER: Moderate S.E. winda. Falr apart from......... scalfored showers.

THURSDAY, JULY 11, 1957.

MAIL

MISSES

Death Of Former HK Executive

Eastbourne, July 10, Mr Archibald Orr Lang, member of the longkong Executive and Lerfilative Connells in the 1920s, dird here today aged 71, 110 Was a former Deputy Chairman and Managing Director of the Peulnunlar and Oriental Steam Navi-· gation Company-Reuter.

Khan

Aga

Getting Weaker

Versoix, Zurich, July 10,

The Aga Khan, spiritual leader of more than 10 mil. Hon Ismaili Moslems, "is very weak and has spent a number of very bad nights,"

Price 20 Cents

RELAX IK

DAKS

THE FANBUS CÓMPORT, EN ACTION TROUEURS

Whiteaways

SECHT Kac N KOWLOON

SIBERIA

NO DECISION ON COLONY ELECTRICITY SURCHARGE

UIE Colony's clerio Ught and Its said the Hongkong Elolio The

THE

power ecmpanies ars, not likely to make their decision on whether the additional sprcharge of nine per cent will be maintained or reduced uutil

next week, Mr G. T. Padgett deputy managty of The Hongkong Electrio Co. Ltd. wald this morning. He denied PROČIL VITAS

stat ments that the сопреду might announce Its decision today,

Company'

decision to increase the caused widespread resentment in the Colony,

Burcharge directors would have to consider this question and then consult with the board of dirtelors, of China Light and Power Co. Ltd. The additional surcharge Was Imposed as a result of incZERE- ed furt oil corts

and the clectric companies decided to reconsider the increased sur- charge recently following the announcement of a reduc- Hon in the epst of fuel oil,

ISRAEL PROTESTS

OVER SYRIAN

hia personal secretary said BORDER CLASHES

today.

The alling 10-year-old

ISRAEL

But Not By Much

Deputations representing imde, industry and commerce in the Colony visited the electric companies to deliver profeska, į moun

Government was asked to luber-

vena but petitioners were told the surchargo WAS A mattor for the companies themselves to decide,

China Seas Shooting Decreases

London, July 10. The Foreign Secretary,

SOCIALIST INVITATION REFUSED

New Delhi, July 10. India's main Soctallat

party -the Praja Socialist Party today rejected an offer by British Labourites proposed

| Mr Selwyn Lloyd, said to to join the

day that there had been "a Commonwealth Association considerable decrease" dur: of Labour and Socialist ing the past two and a half Partice, a spokesman of the the years in the number of at-

Praja national executive "in-tacks on British ships in the said tonight.

Washington, July 10. expressed concern to United States today over the creasing frequency and intensity of acts of sabotage and murder” from across the Syrian border.

The concern

Mr Shiloan was expressed

also drew Mr verbally by the Embassy Minis- Rountree's attention to what he ter, Mr Reuven Shiloan, to Mrjentica "rocent violent state- William Rountree, assistant ments made in Jordan and other Secretary of State for Near Arab countries expressing their and hostile attitude and warlike in-

tentions against Israel."

STOLEN HOMELAND

Easter, South Astan African affairs,

millionaire sportsman arrived Truck Blows Up

at his lakeside Swiss home, the Villa "Baraka?" at Veraoix, on June 18, to escape from the heat in Paris,

He has since been reported to be weakening rapidly and ar- rangements for a big party to follow the Teluk Anson, July 10.

wedding of his con

to Sarduddin Four starving Indonesian youngest

Nina British model Ashermen landed in this town-former

Monday were called ship today after having drifted Dyer on

minute due to at sea in an open boat without off at the last

his state of health. food or water for three days,

six

and

The radio. broadcasting an Their sampan was blown oft anonymous commentary on the course by a monsoon while they expulsions, said: "Western pro were fishing of East Sumatra, pagando continues to give

deal of attention to good

The gaunt, weather-beaten Malenkoy - Kaganovitch-crew navigated' their boat the

miles up a Malayan river 31elotov and snil-party group.

"Along with the newspaper reached Teluk Anson where situation to be considered and radio commentators who they were given meals and com-

trying conscientiously to foris.-Reuler. reasonably, and at present are

be understand this major event in this course can only described as disastrous it the life of the USSR, there are it is to be coupled with the not a few who apparently con- sider it of first importance to union's right to claim coat Cust aspersions on the decision of living wage adjustments, and mislead the publle, with no Politicians are unfortunately These commentators,

in no position to counsel tegard for objectivity and restraint having just voted honesty are mailedously spread- to raise their own salaries ing rumours that the end-party to £1,750 a year-alraost group, Malenkov, Kaganovitch being per- three times the 1946 level. and Molotov

scouted and that they are in

arc

OBSERVERS will probably prison. We declare that there is Iament the fact that Mr no truth whatsoever in this, WEEK'S DISCUSSION

Thorneycraft came forward

with no concrete plan of

action to combat inflation.

not

"His Highness tine had a very bad night," his secretary sald, but today he is very quiet. Ho has had many very bad righis ince we arrived at Versoix on June 18,"

"Unfortunately," the secretary added, "I cannot say that he is better and he is very weak, of course."-United Pres.

LONDON - MOSCOW

DIRECT SOON

London, July 10.

British European Airways said today it ex- pects to open direct service from London to Moscow by early next year.

linked

would line at prosent

A spokesman for the concern, directly

to Moscow, He said somewhat despon- The CPSU is not in the habit announced a group of Russian Prague or Warsaw by any ale

This civil aviation specialists. dently that no country had of taking petty revenge. yet found a satisfactory should be clear to anyone who arrive to discuss the matter in

maites a careful examination of the near future. He sald the If agreement is reached with aolution. But what he did the decision of the Central Cons- date of their arrival was

the Russians, it was undersloud, ∙not Bay was

that some mittee.

cx- definitely set, but it was BEA would inaugurate the non- countries had fourd part of The Central Committee dis- pected the new roule

would

slop lights with six new jet the answer. One is Austra cussed the activity, of the anti- open by April, 1958, at

the Comet Continental aircraft

Smaller Viscount 7005 would Ha which suspended the party group for a week. The latest,

Proposed Moscow London make the

that includes Jum quarterly cost of living documents of its plenary meet-

layover's in Prague and Warsaw, adjustments a number of ings show irrefutably that the flights would include both non-

The Russians would probably years ago, largely because discussion was the most demo stop hops and others which

use their TU-104 let liner. tno unions themselves cratic possible," the commenta- would halt en route at Prague

tons sold.-Reiter,

and Warsaw. London is not United Prosa, realised that increased wages did not mean creased purchasing power.

in-

Britain's problem today. -***in the field of waga deriunde is gamothing like Austra-

Stranded Liner Used Norma! Channel

Ha'al Mr Menzies launched a THE owners of the 17,672-ton

campaign "to put value back

In the pound" Crities today may say that the Australian pound hin never baon worth so little, but it would be frightening to think of the pound's value it the wage adjustments had not been stopped. And if Bri tish trado unions do not Anslet in educating their members to the alarming growth in the process of davaluation of the pound, no anti-inflationary: pro- gramme stands a change of succeeding.

Liverpool, July 10. ner Reina del Pacifico, strofied of Bermudio, de- scribed as "inaccurate" here tonight reports that the Vestel win la a channel not normally used by liners.

Reports

had said the Bell Channel, in which the liner

is grounded, hod. been used

the

for all deep-draughted vessels. The spokesman added that all such arrangements were being "Reina del Pacifico used

handled by

Salvage Association.

North Channel both arriving and leaving because she is a deep-draughted vessel to the extent of 30 feet six inches.

110042

Also Incorrect

by the Heina el Puellico on "Reports that the liner ex- perienced eligine trouble also are incorrect,"

this occasion because the ship was not deeply laden,

The Pacific Steam Navigation Company, commenting on the reportar said:

Bell The Channel da the alternative. name for the North Channel which is the normal channel

A company spokesman said that the salvage tug Turmoil had the not "been, ashod for by company, which had no know... lengo of life boling sout to Bermuda,

the

The company had agreed in principle that any passengers who had urgent reasons for returning to Britain should be given

air transportation at

the company's expense,

BUILDINGS,

CARS DESTROYED

Chicago, July 10.

the

Chink Seas.

on

He was replying in the House

The decision was based of Commons to a Conservative,

the party's declared policy Iri Mr Paul Williams, who *ked

tho lavour of India quitting what the British Goverment Cominonwealth entirely, proposat to do to safeguard British shipping carrying out legitimate trade with China.

Mr Lloyd said he did not con- sider that the present situation called for tany special action.

Ho added that the Praja Socialist Party was already a member of the Socialist Inter- national and the Asian Socialist Conference and considered an« other international organisation at Socialist parties cenämnd, foly tho Commonwealth would

British warships bad atending Instructions to protect British ships on their lawful obchsions on the high peas,--Reuter; ---- "bo superfluous:-Reuter,

Staff STRIKE A LIGHT AT

Israeli qurces sald Jordanlan Chler of General Majali, In a press conference on July 4 sald that once the Arabe united "Jaffa and Halfs will be in our pocket" and the Arabs would *stcover our

home- land."

They said Jordan said

stolen

Palestine la like a volcano which sirs my blood."-United Press,

King Hussein of on July 8 that if the Arabs stood together they Rapid-fire explosions rip-would be able to "quidate the ped a trailer-truck loaded unbelievers," end that "stolen with paint solvent on southwest side street late today and touched off or flames that destroyed burned out four buildings and seven cars.

No one WAS injured, the police said.

The truck driver, Michael Tortor, leaped to safety after the doors of his traller blow out, and quick thinking by passerby prevented" - scores of children in a nearby park from being killed or injured,

Earl Strand, who was watch- Ing a neighbourhood baseball game

In Barrett playground, hertled the children and parents who were watching the game to safety behind a playhouse

·lide and fragments of 80 steel

drums flew through the air.

Tortor told police he did not

ow what happened. He said

ho was en route out of Chicago with a load of nitrocellulose consigned to a St Paul firm when he heard a "light pop" in the trailer.

As he glanced into his rear vlew mirror, he said, the slde, door of the trailer blew out,- United Press.

Saud's Yacht Held Up

Port Said, July 10.

A yacht used by King Saud of Saudi Arabia has been held up here for three days pending payment of tolls to go through the Suez Canal,

owned, is reported to be awalt- The yacht, which is privately

ing the remittance of dollars to pay the tolls-Reuter,

Super Carrier

Washington,, July 10,

No cables had been received The Navy today announced today from either the ship or that, it would commission te the agont and they did not third super aircraft carrier, the anticipato that any message Renger, on August 10 et Nor- would be sent until tomorrow. folk naval shipyard in Porte Salvage equipment to aid the mouth, Virginia. ...

refloating of the Rolpa del The 60,000-ton carrier · cost Pacifico was being down, out | $175,000-000 to build and is now fenen: London alsport today undergoing trials in the Norfolk and tomorrow...Heuter.

area-United Press,

CLARENCE HOUSE

A

London, July 10. PRINCESS Margaret is being swamped with parcels of matchboxes

Inco Cver Sunday paper columnist re- ported last weekend that she "matchbox had caught the craze."

Letters have been pouring into Clarence House, the Princess" offelni residence here, offer-

ing to "do a swop" with her. Today, Buckingham Palace emphatically denied that the Princess had become

Neither matchbox collector, had the become a collector of book-matches,

now

A Palace spokesman has

besecched people to stop sending in either letters or parcels-Reuter,

Life Insurance is for the Living

but

When a breadwinner dies his earning power stops his family still needs an income to provide the necessary food, shelter and clothing.

Life Insurance is the only sure means of guaranteeing that the income will be there when it is needed.

When a breadwinner lives to retire, this same Life. Insurance can then provide the, income he himself needs for his sunset years.

THE

MANUFACTURERS

INSURANCE

LIFE

COMPANY

HEAD OFFICE (Established 1887) TORONTO, CANADA

加拿大宏利人妻保險公司

ASSETS EXCEED £232,000,000

HONG KONG

WINDSOR HOUSE

Tol. 34156, 34157

A. C. T.

Manager for South, China