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COMMENT OF
THE DAY
NO SURPRISE
110 absolutely no one's zur-
Tprise, Britain's Conser
vative Party has announced that ita new chairman Is to be the Right Honourable Viscount
Hailsham Q.C. For
days before the.olicial announcement it had been taken for granted that the portly,
young-for-the-job
(49) Lord President of the Connell would be the new chief of the Conservative Party organisation. Hailsham's election to office, however, was algnificant in several ways. For one, it is unusual för a member of
CHINA
No. 36855
Established 1845
THE WEATHER: · Moderate locally fresh 8. winds, Cloudy with'fair periods in the afternoon. Soattered showers develop- Ing again later this evening,
TUESDAY, SEPTEMBER 24, 1957.
Price 20 Cents
RELAX IN
DAKS
THEN SAMBES COMPANY THE ACTIN TROBBIAS
Whiteaways
NOW THE BANKS SAY INTEREST RATES HERE WILL RISE
↓
HOWLGD.N.
Ship Picks
Up Five
AT LEAST ONE PER CENT Survivors
Reason For Delay
Explained
ONE NOT FIXED
the Cabinet to be chairman by a China Mail Reporter
extra-
of the party organisation. which Is parliamentary budy.
4:1
For another, Hailsham is a strong man with a reputa- tion as the only Tory since Lord Randolph Churchill to argue that the decisions of the party's executive and anual conference should be binding on the leaders; in brief, that the leaders job is to implement the wishes of their supporters throughout the country. LOW EBB
now
The overdraft interest rates in Hongkong will be increased by at least one per cent depending on the rates operative, it was learned this morning, It is unlikely that any increase will be put into force before October 1
This follows the recent rise of the British Bank rate from five to seven per cent last week.
A spokesman for the Chartered Bank said that banks in Hongkong were trying to keep their rates down as many Hongkong industrial concerns relied heavily on
THIRDLY, Hailsham is loans from local banks.
BDcompromising
Tory's Tury who is not shy of the word patriotism, and who defended with per sistence and cloquence Bri tain's intervention in Suez. These three facts add up to one seemingly inescapable conclusion: That the Tory Jeaders have decided that their party's present un the fact that their Socialist happy state is not due to opposents are winning adherents; rather, nre losing the that they confidence and support of their own rank and file in the constituencies.
more
If this in the case-and it certainly seems to be-then Hailsham has his work eut out. For the fortunes of the Conservativo Party have seldom been nt such
a low cbb. The pundits, in fact, are agreed that, givenį a general election at the
Tories
the present time, would be fortunate indeed if they managed to squeeze back into power. And that, they say, is because the con- fidence of its supporters ig draining away".
GREY FLANNELS
WHO are these disgruntled
W Turies? They are largely
the ment in grey
suits.
Ambitious
flannel
young
But he said, "We can't disregard London market conditions,"
"That's the reason for the delay. We've been wait- ing for definite details of the new London rate," he said.
. One of the rates that has not been fixed in London yet and concerns the Colony directly is the advance bill rate for bills covering exports to the Colony.
Later this morning, a spokesman for the Hongkong will be an increase in the rate of interest on bank advances and Shanghai Bank made a similar announcement: "There
of a minimum of one per cent, dependent on the rates of interest now in force with effect from October 1”,
..
LOANS TO COLONIES
MAY SUFFER
From London this morning a Reuter report said colonial governments seeking immediate loans in Britain for their development programmes may have to cut down their requests or try to get the money elsewhere because of Britain's new seven per cent bank rate.
It is thought In Hongkong
that this will make no difference to Hongkong).
More Difficult
for any
is unticipated that the
Financial authorities expicet | men who want to get on in the high interest charges if the world. Who want to they are malatained buy their own homes. Tu length of time-to "melt much run a car. To send their of the queue" of colonial und children to "good" schools. Commonwealth borrowers, who As many of them see it, the will find it more diuleult ihan Fory Government not only ever to get funta. does nothing for them, but, by Its failure to check in- flation, by its resort to the Bank Eate, which makes borrowing difficult, it active- ly negates their progress. At the same time, they fall to detect any effective check by the Government of the pro- The Briista bank rate Socialist trado
a shock creuse unions,
Commonwealth whose never-ending wago demands keep swelling the admluistrations who even before inflation. Aligned with the rise were having difficully
* in getting capital in Britain,
Sources connected
|
verses governments, will now intensify their efforts to raise the money in other countries. particularly
the United States, where interest, churges are much lower,
rolonini
in
came as
and
New Indian
Bid
To Debate
China Issue
Now It Can Be Told... HOW THE BANK CRANE WITHSTOOD ‘GLORIA'
THE
by a China Mail Reporter
crane that has gradually "climbed" the iron and steel girders to the 16th floor of the new Chartered Bank building looked precariously out of place in the typhoon that swept Hongkong over the
weekend, uprooting huge trees and driving
two ocean going ships ashore.
But that crane, according to a foreman at the construction site, was more safely secured than a big tree anchored by its. many roots.
LEGS SECURED
As early as Saturday morning when the No. 1 typhoon signal was hoisted to Waltz of the possible arrival of Gloria, workmen on the site started to secure the crane.
The legs that form the base of the crane were secured to the heavy steel cross-beams of the building frame while the jib-that piece on which the hook is
attached and through which the weight is lifted-was straightened out till it almost reached a perpendicular position to neutralise any possible swing in the strong winds.
Midway on this jis were,at-. tached wire ropes as stays to keep it in the desired position.
Thus the crane remained secure till the strong winds had abated.
A FLAP
While telling how the crone was secured, the foreman told off
practical Joke by prankster which took place just,
→
Some
after typhoon Wendy had passed July this year.
the Colony in The middle of
Someone climbed the frame-
work of the building to the lith canvas on which was writter: floor and attached two pleces of
"Admire the View; But don't take Risks."
The foreman said the pieces or canvas were first discovered by European who entered the works offlee and demanded
ee the foreman.
to
He reported secing two pleeps of cloth "apping about in the wind" on top of the steel frame,
A it was Saturday morning nr the men had stopped work because of the winds, no one was sent up to get it down.
NO LADDER
However when work resumed next day, workmen found the canvas strips strung across the cmnc.
foreman said it Tho
and prevarious job climbing the building frame
New York, Sept. 23. India moved today to revive
its demand for General a dimeuit
WB3
Assembly consideration of then as the iron ladder had not
"the
in- 10
roprotontation of
built to been
facilitate the China" in the United workmen's ascent to the top. -Nation.
The Indian request for debate on whether the Peking govern- ment or the Formosazi regime should represent China in the
Nations was. shelved
Assembly's
these diagruntled Tories nr:
with the pensioners who feel most acutely the effect of colonial development fear that United inflation. Add to these the many overseas projects cover-last week in the traditionalist Torics who ing agriculture, communications, Steering Commliter. believe that the party has housing and general welfare may
have to be curtailed unless
outside Britain,
been losing its identity money for them can be found the purveyor of Conserva tive ideals (many were ungered by the Tory Government's backdown over Suez) and you have Hail- sham's problem in a shell.
IN VAIN
nut-
THESE people have to be THESE
won back to the cause. And the only thing which
Warning
One of the main sources of funds for such development has
At that time, the United States won passage of a revolution rejeeling the Indian.j request and cutting off consideration of the Chinese representation Issue at the current Assembly session.
Shortly before the full
uny
been the Colonial. Development nation Assembly was to take Corporation which has made up the Steering Committee'a rc- In plenary loane and Investments in the commendation.
the Indian delegation £70 session, colonies totalling about
fabled an amendment to thờ American resolution.
million.
The Corporation borrows its will achieve that is a switch money from the Treasury pay-
by the Tory Government to ing the prevailing interest rate.
The effect of the Indlun amendment, if approved, would
be to debate the Chinese repre-
n much tougher policy both In its last annual report the sentation ague walle leaving
China at
nt home and abroad. And corporation warned: "High In- intact the American resolution's unless Hailsham can con- terest rates are no doubt re- provision batring any proposal vince the Government of quired to control homo econo- io unseat Nationalist their existence and of the my, but this policy slows this Assembly..
down colonial development," need to meet at least in measure their expectatious,
Since it is an amendment, Then the interest charges only a simplò _ majority is re-, the chances are his appoint- were only dve per gent.--Red-quired for approval of the ment will have been in vain, ter.
Indian move-Reuter.
RESERVOIRS OVERFLOW
The
heavy rain which accompanied Typhoon
Gloria belped to swell the Colony's water supply.
With
the exception Tat Lam Chung, all
reservoirs
Colony's
overflowing now.
of
the are
The total water storage
In all the reservoira Is
0.235.74 million
This
gallons.
It
ol
figure was recorded at am today; and atojal rain shows 205.74 million gallons dur- Eng the past 24 hours,
Tai Lam Chung rezervoir itself gained 187.83 million stions during the saIMO period,
The total consumption in El, hours, ending 8 am
today is 01.85 million gai-
louis.
But Another Bank Suffered
A Real Lo88.
IT'S THE END FOR
'OLD FAITHFUL'
BY BEATRICE HUTCHEON
Last Sunday Typhoon Gloria carried "Old Faithful" to her ancestors. The 50-feet sentry palm in Queen's Road Central which had for so many years guarded so care- fully and so well the fortunes of the longkong and Shanghal Banking Corporation was uprooted by the hurricane.
Ils majestie form lay rigid and still along Clue pavement outside the Bank, o sight which brought a lump in the throat of many an old timer.
"Old Falthful" had weathered many a storm and It was not entirely Typhoon Gloria's faul. Old age was setting in. When the Electric Com- the pany lald cables thers, a few months ago, 'tree's roots were not in a very good condition. The laying of the cables caused the giant tree to lean over,
ONE FROM SINGAPORE Today it is being removed, but the Bank intends to retain a section, polish It and keep it inside their bullding as a Souvenir.
On the advice of Mr R. E. Dean, Super- intendent of Gardens, the Bank is going to send for another Royal palm from Singapore about. ten to 12 feet high to replace "Old Faithful?"
But because there will not be enough time for the new plant to acclimatise itself before winter rets in, it will not be brought to Hong- keng or planted till next spring.
Old Faithful" was the last of the old Royal polms which have been a part of the Hongkong and Shanghai Bank seenery even before the pre- sent building was creeled in 1935,
The palms were as much a symbol, of the Bank as its lions and the tradition was that they brought the Bank good luck.
About two and a half years ago when "Old Falthful" was left standing alone, the Bank had fivo ether young palm trees plunted on either side of her in order that tradition may be main- Taino. Some of them are now about six feet tail.
So even with "Old Faithful" gont, the spell will not be broken for there are strong, thriving palms to keep the flag flying and the Bank's business flourishing.
MORE TYPHOON SEQUEL NEWS
ON BACK PAGE
Eiffel Tower Suicide
Paris, Sept. 23.
A 63-year-old French women committed silcide today by Jumping off the second plat- form of the Eiffel Tower. As she fell her clothes caught In the metal structure of the
mid-air for
She was ready dead, however, In falling, her body had struck the side of the tower, several times,
Identity papers on the body
Have the woman's name Guillaumette Habooite,
ba
Tel.
tower and sho remained The last suicide from the muspended in about half an hour about 100 feet above the ground until firemen reached her.
Tower took place over a your teacher
ago when A school threw herself from the tower's first platfonn-France-Presse,
NOW
IKE ACTS
Newport, Sept. 23. President Elsenhower today by proclamation ordered the people of Little Rock to cease and desist interfering with federal court orders un school integration. His order cleared the way for use of federal troops if violence continues. The President had enrounced) carller that he was ready to use federal force It necessary 10 present recurrence of violence: around Central High School in Little Rock,
He followed up this statement with a formal declaration com- manding "all persons engaged in such obstruction of justice 10 cease and desist therefrom und to disperse forthwith,”
NOT NECESSARILY
The Press Secretary, Mr James Hagerty, explained to reporters
that the formal proclamation had to be issued prior no use of federal troops in Arkansas but that signature of the document "does not mean inevitably" that the chief executive will use federal forces to halt the trouble around the school.
Tomorrow, Mr Hagerty said. will provide the first test of the President's order when the school opens and the Govern
ment watches to see whether there is a
recurrence of the near riots which developed to- day when nine negro students untered
Wie school. (They were later ordered to leave by the Mayor of Lille Rock),
If the strife recurs it would thus constitute violation of the President's ceuse and desist order and federal troops would then be employed
Pamir Latest
New York, Sopt. 23. The U.S. Coast Guard an- nounced today that the ss Saxon of tho Isbrand- sten Steamship Company rescued five survivors of the ill-fated Gorman sail- ing ship Pamir, which sank on Saturday.
The Ove men picked up were in a group of ten who were in
છે smail lifeboat. The
ølker five did not survive.
The survivors indicated that another boat with about 25 men
the also launched from Pamir.
was
Flares, presumably from this second bout, have been, sighted, the Coast Guard said.
A Coast Guard cutter, several merchant vessels and U.S. Air Force planes from the Azores are converging on the area, tho Const Guard, added.
FLARE SIGHTED
The Pamir carried 35 crew men and 51 teen-age cadets.
The 3,103-tea Pamir, one of the last of the world's wind- jammers was first reported in distress on Saturday.
The Owners zald that presumed her lost, the Pamir was returning to Hamburg frem Buenos Aires when she ran into a hurricane.
Searching ships saw fechle lights and during Sunday spotted damaged lifeboat- empty.
An American plane later saw iwa
lifeboats and
2
a raft but could see no sign of survivors,
A
report from Santamaria Airport, Azores, said an Ameri- had been searching the Atlantic for the Pamir returned to its base to- day and reported It had could not make out whether it sighted a light on the sea but
was a ship of a Verey light- Unlied Press & Reuter,
can aircraft which
To Be Sold
London, Sept. 23. The former Empress of Japon, a Canadian liner rechristened Empress of Scotland (20,300 tone) formerly on the Far East Canada service is to be sold, its
to enforce owners the Canadian Pacille
the couri orders. United nezounced today. -- France - Press.
Presse,
CHARLES OFF TO SCHOOL
London, Sept. 23. Shouts of "Good luck, Charles"
Freeted the eight-year-old Heir to the throne today as he arrived in London on his way to Cheam, the boarding school where he will sptud the next{ four years,
Prince Charles, wearing a grey suit, smiled and "waved back 10 n crowd of Londonera gathered ut Euston station, then drove of with hla
parents for his last day at. Buckingham · Palace before leaving for the school tonight. The Queen wore
black in mourning for King Haskon of Norway.
tho Tonight Queen and the Dukto of Edinburgh wlil motor with Charles to the school, set in the rolling Hampshire countryside, then return ta continue their holiday in Scotland-Router.
They have such a good name-
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