1957-10-19 — Page 20

CROSSLEY BROTHERS LTD. MARINE, STATIONARY & AUXILIARY MARINE DIESEL ENGINES,

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CHINA MAIL

SATURDAY, OCTOBER 19, 1957.

London Stock ANGLO-JAPANESE TRADE PACT

Market Recovery

By SYDNEY CAMPELL

London, Oct. 18. The London Stock Exchange today ended a hectic week

in better shape.

At the opening this morning there was some continued ner- vousness over the Middle East. Later there was in appreciable rally, In the bellef that uny warfare in the Middle East would be propaganda warfare.

the close, the market was alghtly casing, as Wall Street at bnt time was failing to hold an initial rally.

But

Middle Eastern of shares,

which have naturally been the orphans of this week's

rose several chilling above their worst of Thursday night and hold on to most of the gains.

storm.

SIMILAR COURSE

similar Sterling followed a course. At one time during the morning it fell appreciably below par against the American dollar, regained the loss in a shorp rally in the early afternoon, and held on to most of the rally.

Foreign exchange dealers sold Sterling had been less affected by the Middle Eastern alarms than it would have been in similar elrcumstances at may other time in recent years.

of

Throughout the worst period uncertainly on Thursday and Friday the pound held above par against the German mark

The Bank of England is be- lieved to have gained German marks on both days, in a way that has never happened be- fore,

Eastern Hitherto, all Middle scares have also been scares for sterling,

Oil experts said that, barring something like an outbreak of world war, any fears for Bri- tain's supply of Middle Eastern oli appeared to be nonsense.

They pointed out that at pre- sent there la such a glut of tankers that owners have had to lay up many of them and ordered some of the others to run slow.

LESS DIRE

Last time the effect of the lockage of the main Syrian "pipelines turned out to be far s dire than was expected. This time, experts said, it any gillar stoppage occurred It could be inct merely by reactivating the lald-up tanters and ordering the others to run at normal speed,—Router,

EXTENDED

Few Changes

Quotas

In

London, Oct. 18.

Britain and Japan have extended their

Russia Should Make Move In Disarmament Talks

New York, Oct. 18.

1957 trade agreement with a few The Philippines told the United Nations minor changes in the trade quotaş until March 31, 1958, it was officially announced here today.

under the

hnd

A British Board of Trade an had

been reduced nouncement. Fald that the ngree- | exiended agreement. ment, which was originally valid Bul quotas for leather,

instruments, until Septemer 30 last, had been musical

textile extended through on exchange auxiliaries and a few other of notes signed in Tokyo today items had been increased, and between the British Ambassador three small new quotes and the Japanese Foreign been established, Minister, Mr Abebiro Fullyamn, Authoritative sources here said that as far as Japanese im- ports from the United Kingdom were concerned for three flems, of which sectone is the most the Import quotas Important,

Radioactivity

Increases

In London

London, Oct. IR. Residual radioactivity

the London area increased

in

to 20 times its normal strength Inst weekend. Following leakage at a plutonium factory in Cumberland, the National Atomic Energy Authority sald today,

There Is most definitely no health hazard," a spokesman added.

The readings were first taken by the

Korsk Company who passed them on to the Atomic Energy Authority, the spokes mor added. They were then confirmed.

Viewed

in relation

to the

tuna.

remain at the previous level,-~ | Reuter,

today that it "refused to" believe that the Soviet Union wished to force the free world to fight for its freedom.

Speaking in the Assembly'a Political Committee debate on disarmament, Mr. Ammamici Felnez, acting Chairman of the Philippine delegation, said that it the Soviet Union refused to

allay the Western Fowers fear of surprise attack and forced the countries of the free world to make

"the

fateful choice between the danger of forfelting defend their to and the danger of

their lives in

means

by

SATELLITE FILM

A

the

Apart from these changes all the quotas are maintained at the levels fixed under the pro-

Copenhagen, Oct. 18. Russian Vious arrangements,

thre film of Regarding United Kingdom

launching of the first artificial imports from Japan, provision the

earth satellite probably will get had been made for a small in- freedom

11e world premiere in Copen- crease in the Imports of canned forfeiting

hagen, it was learned today. salmon and a corresponding re-universal holocaust, then it must

The International Electricity duction in the imports of canned assume responsibility for the and Atomic Exhibition which Otherwise all the quia consequences that would result." speaed here today, was asked "Sovilm" Agency "My kielegation refuses to whether there would be sulll- believe that the Soviet Unlon clent technieni possibilities for desires to push the free world to a first showing of one of two this dire extremity," Mr Peláez existing coples of the film at the sald. "We should rather like to Exhibition. belleve that the Soviet Union, whose people would perish with the rest of us in the final and Irreversible tragedy of a nuclear war, and which today, through its outer space satelllie, has the potential to inspect and spy upan The whole face of the earth, will

Khrushchev Denounced By Belgians

Brussels, Oct. 18. The Belgian Socialist Party tonight roundly denounced the Soviet Union's "sense- lets abuso" of the United Nations, in a reply to a letter received from Mr Khrushchev alloging "dan- gers to peace" in the Middle East.

The Party followed the lead of the Brilish Labour Porty's reply to an identical letter, and advised Mr Khrushckey that the competent organs of the United Nations should examine the true causes and responsibilities of the present situation in the Middle

The

"The increase is not Import-East. nnt," he said, total background of rudio activity which is present all the time it is insignificant," China Mail Special.

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letter refuted Mr and Khrushchev's allegations sald "the information of the Belgian Socialist Party does not coinckle with the message of the Central Committee of the Soviet Communist Party, which passed

over in silence the repeated interventions of Russia in this same region of the globe."

RESOLUTION

cease to insist upon its opposition system of inspcelion and con- trols as

to the prompt installation of a

concommitant of dis- armament and the suspension of the testing of nuclear weapons."

Rard Position

The Soviet Union, ho said. was in the rare and enviable position" of being able to dis- pense benevolence with power." The Philippines, therefore be lieved, Mr Pelaez said, that the Soviet Union could agree to resume the suspended disarma- ment negotiations on the basis of the principles laid down by the Western Powers last August at the sub-committee talks London,

In

Mr Pelaez urged that the dia armament talks be reconvcued, He said on indefinite adjourn- ment of the sub-committee would be "a most cruel derelic- tion of responsibility at a time when selenide progress in the development

armaments threatens to outstrip yet even more our readiness and coparlly for negotiation."

The letter which was in the form of a resolution of the Party, with a forwarding note

The Philippine delegate call- signed by M. Max Busel, ed on the Great Powers, to President of the Belgian Social-discuss once more how beat ist Party, deplored the in- und most quickly they could accustomed" manner of Mr reach a disarmament agreement Khrushchev's address to the that would safeguard the

Party, above the heads of the security of cach of them aut Prime Minister ond Foreign

the freedom and existence of Minister of Belgium,

The Belgian "Socialist Party

The meeting adjourned until

does not intend to be the agent Monday Reuter,

of Soviet, or any other foreign propaganda in Belgium," the Ietter sald.

NAMESAKES

Proposing that the Middle East situation was a matter for the United Nations, the letter said: "The conndence of the world in

the United Nations Elizabeth, Arden, Know

Answers:-1 Speeches, 2 has been shaken by the sense-ledge, 6 Comedies, 6 Histories, less abuse to which it has been subjected by several na-tertains,

7 Spectators, 8 Tragedies, tions, but cepecially by the Addresses. Soviet Union."—Reuter.

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Organisers of the Exhibition enid that all was set for tho showing, but that no deanifu promise had been received from the Russians,-United Press, 2 DARTWORDS SOLUTION

MILLER Durly Duty Bound Bond Fond Food Good Goat Goat Moat Most Host Ghost Spectre Report Revere Severe Stern Stem Stew West Nest Tens Tend Minister Prim Price

Cut Upper Ten Ben Vines Lines Hard Fact Matter Hat- ter Mad Maw Stomach Tum Hump Camel Came Fans Spur Spud MURPHY.

SIDE GLANCES

十

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REDIFFUSION

10.30 am. Fertival of Wallice; I Morning Medley: 1939, The Cruel SeaDramatisation Nicholas Maheerret's best-selling_** novel,, nereated by the Author-Episode 4: 12 Noon, Tune Time: 15.30 p... Thred. Mes On A Jalke Jalinny

and Gene Vin

Desmond, Lab Capers: 1.13,

cent 1,

Weather Report, News and Special Announcements; 1,30, Прогда Melachrino and his Orchestra: 7.

Haturday

Requests; 745,, Approx. Ring Commentary on the Ifandicap; 5.10, Year by Year-Featuring the song hilt of

12 330. In liss Steps The Story

of Ifenry Maxwell-Episode 22: 4. Western Halt Hour-Prevented by

by

Nick Kendall: 4.30, Rhythm Parade:

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95 Murrayxanted Reclifusion's Jazz by Philip Dicken Time Signal and the News; 0.09, Weather Report, Announcements and Interlude: 9.15. Sirange Tales of Eastermain-- Episode 32: 6.30, Voleo of Sport: 0. Shrire Hit Parade: 9.30. Musle from Maxira's: 10. Itollywood Среть House-Starring John Leder and Buddy Leater: 10.30 Herlem Nocturne: 11. Dance Party; 'ia Mid- night. God Save The Queen, Close Down

TELEVISION

An

2 pan. Guy Lombardo Orchestra: 230, "Jolin Sebastion" 245, Commentary on the 1937 Kwangtung Handicap from the Trongkong Jockey Club: 3.15. Can- topesa Film:-"The Bteps Mother' Tears 4.40. Mr District Attorney" starring David Brian; 8.10, Songs of Many Lands Presented, by Habla Close Down. 7.30, Short Film: Williams: 8.30, Children's Films d "River Underground"; * 7.45. News- el of World and Colony Events: Part 31: 8,30. Alfred 11lchcock 5. Cantonese Film: "The Tralor"

Presents "Safo Conduct",

Starring Clatre Trevor, Jacques Derkorac and Werner Klemperer: 8, Rosemary Clooney Shaw, featuring guest star Buddy Oreco; 0.30, Broderick ford, in "Ilistiway Patrol 10. Eru log Feature Film:-"Old" Mother niloy In Paris": 11. Late Night FIBRI:-New Headlines Weather Report and Announcements. Clare Down.

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NOTICE TO CONSIGNEES

"PELEUS"

Damaged cargo ex this venet, whi bo surveyed by Mowers Paulien '& Bayes-Davy at Holt's, Wharf from 10 am on October 23 and 23, 1937, and conaigures aro requested to have their representatives_present during the survey.

7

BUTTERFIELD & WIRE, Agents. Hongkong, October 18, 1957.

NOTICE TO CONSIGNEES

IA “TAIYUAN” ated. 18th October, 1851

Damaged cargo ex 'this verset will by surveyed by Mestra. Goddard – Bi Dougins Hong Keng & Kowloon Wharf Godown at 10 man, on- Tork. 1 day, 2286. October and Wednesday, 23rd October, 1957 and cotaigners ropresentatives are requested to de present- during survey.

DUTTERFIELD & BWIRE, Agents,

Australian-Uriantal Lina Lid, The 'China Navigation Co,

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