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COMMENT OF
THE DAY,
HK BREAKING ALL RECORDS
THE Colony, liko the
Australian "Wonder Kids", fa breaking all records and a mere glance at the Financial Secretary's draft, estimates of revenue and expenditure for 1968/69 will show just how many there are.
Mr Clarke is also confident
The
Star Ferry Meeting-Back Page
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CHINA
No. 36991
Established 1845
FRIDAY, MARCH 7, 1958,
Prico 20 Cents
RELAX IN
DAKS Whiteaways
THE FAJERES COMPREET IN ACTION TRAUBERS
KOLO O NJ
US REJECTS RUSSIAN PROPOSAL Sandys
Wants Problems Of 1955 Summit
Meet Discussed
that further record murks The will be Ret during the coming fiscal year. estimated figure for expendi- ture of $641 millon to An all-time high and al- though he has budgetted for a delicit once again-$87%
million-he does not con- template that it will bet realised.
Last year the Financial Secre
tary budgetted for a defielt of $64.4 million but he visualises at the moment that there will be a surplus of over $50 million at the Anal accounting.
Happy Position
A
ND even if there is a deficit in 1968/59 it could be financed out of the large Colony's
reserves. This is indeed a very happy position and other colonies will look towards Hongkong with envy while we toke pride in the achievement. Comfort, too, can be taken from the fact that this record-setting expenditure can be contemplated without the Government having to seek additional revenue by increasing taxation. In fact, Mr Clarke is of the opluton that he
reduce the business registration fee.
Can
Huge Outlay
THE
A
Washington, Mar. 6.
United States today rejected the procedure proposed by the Soviet Union for convening a Foreign Ministars' conference.
Foreign Ministers' meeting which was convened in the manner proposed by Soviet Foreign Minister, Andre Gromyko, would not succeed in reducing international tension, the United States said.
The American reply, issued; "but should preferably begin in the form of a memorandum where that meeting left off." delivered to the Soviet Embassy today, did not insist on a Foreign Ministers' conference as a pre- lude to summit talks.
The United States suggested | the use of normal diplomatie channcis as supplementary to or as an alternative to a Foreiga Ministers' meeting.
Insists
The United States Insisted that a new summit conference must take into account the re- suits achieved at the summit talks in Geneva in 1955,
That conference had dealt primarily with Germany and European security, disarma. ment and extension of East- West contacts,
In this connection, the US reply sald the goviet memorandum of February 28 rejected discussion of German reunification in a new summit conference.
The United States could not accept the exercise of a veto right in deciding on the sum- mit agenda, the note said.
E public might havo been justified in seeking some form of tux relief, but we are committed to a huge The United States said a outlay of capital expendi- new summil conference should ture on projects which are concentrate more calicly on the essential problems than vital to the community as A
the previous whole. These include was the case at education, health, resettle summit talks,
mont and public services
and it is necessary to follow
the carefully laid plans of
our former Governor,
All Means
It is not necessary for all East-West problems to be taken
Tho Financial Secretary up on bloc, the US note said,
dwelt at length on the sub- ject of the water shortage. It had beca generally thought a
few years ago that the Tai Lam Chung scheme would solve most of the problems. This idea was amended later and prospect- ing for a
for new site storage began on Lantas.
Gloomy Picture
TOW Mr
WAN
The US note said that per- haps the bale cause of inter- national tension
the Kupport given by the Soviet state to the world ambitions of international Communiam.
The US and a rummit meet- | Ing which was primarily of i social or ceremonial character and simply
repeated previous promises or hopes would not be justified.
co-
The United States hopes that a summit conference will make serious decisions leading to an international climate
the speration and goodwill, memorandum sald. France- Presse.
of
US CREDIT
CONDITIONS
RELAXED
Wansington, Mar. 0.
The Federal Reserve Board today authorised three of its banke to towar their discount rates one-half par cent to 24 per cent tomorrow in another stóp #to make credit conditione still more favourable to recovery,"
It was the third reduction alnce November in the in- torest rate Fadarst Re. serve banka charged their member banks.
A Federal Reserve spokes. man weld the action was designed to bring the dia count rate "Intə alignment with market rates and make credit conditions still more favourable to racovery."
The now reduction will ba the New York, made Philadelphia, and Chicago Federal Asnerve banke. The Federal Reserve dir-
count rate has been at 234, por cont since last January.
The San Francisco Federal Reserve Bank atifi is using the 3 per cent dis- count rate,
The reduction by the threa banks la expected to ta followed by similar outs In the other Federal Re-
Sárvé
Prosz
banks. United
Labour Manifesto PRINCESS
Calls For
Summit Talks
By JOSEPH W. GRIGG
London, Mar. 6.
Britain's Labour Opposition and trade unions piled pressure on the Government tonight for sum- mit talks with Russia and urged that Britain should give an "example" by suspending H-bomb tests immediately.
They did so in a joint mani-Britain for a limited period as festo released coon' after Prime an "example to the world." Minister Harold Macmilton toid Parliament he also wants - a summit meeting-but only "In circumstances likely to lead to at least partial success,"
But Macmillan rejected any one-sided action on the H-bomb with the argument that it would be "bad diplomacy and bad psychology.
Action
by the British Government to obtain a general agreement to end.
and nuclear tests, distinct from disarmament agreement,
MARGARET'S RESIDENCE INVADED
London, Mar. 6. An unidentified man plunged through the front door of Princess Margaret'a Royn]| residence today and got as far as the roof shout- ing for her before police scized him.
It all
happened at Clarence thermo-nuclear | House, the dignified residence any wider of Princess Margatet and her mother, Queen Elizabeth. Prin- cess Margaret was home at the time.
Disarmament
The Intruder allacked one the door opens
Agreement "within a reasonable period" lead- Ing to real progress on the basle policeman outside The joint disarmament mani-problem of disarmament,
where Clarence House festo of the Labour Party and Trades Union Congress was published following meeting
A doclaration banning onto a courtyard leading to the *
use of all nuclear weapons Mall and to Buckingham Palace. policeman, Constable as part of a general disaima Edward Fry, ran to
The
the door
of lenders of both organisations ment marfa halling pa- and rang the doorbell for help, :
to define their official stand on thero issues,
they coiled for:
A "serious effort" by, the * A
British Government to bring about summit talks in the near future.
by planes
from
up
MANDASHED IN
X
trolg In a seven-point programme British bases carrying H-bombs.
another When
policeman Delay in selling American rocket boses in opened it, the man dashed in. Britain until after a summit Hio ran up the steps shouting and made it all the way to the The Labour Party and Trade roof of the Union Iradery put out this pro-ture, gramme In an obvious effort to quell
Inunediate suspension of thermo-nuclear tesls by
UK & FRANCE TO URGE U.S. TO
Discipline In SOFTEN APPROACH
British Army To
Be Reviewed
By ARNOLD DIBBLE.
Manila, Mar. 7.
Britain and France will urge the United States to soften its approach to the proposed summit conference with Russia in meetings here next week, it was learned today.
sters arrive here this weekend sttend the Seats conference. He The big three Foreign Mini- considered sending a deputy to to meet privately for the first agreed to come only when it time since Soviet Russia agreed became definite that Dulles and
pr Lloyd would attend,
some of the West's
Londen, Mar, 6. Discipline in the British Army is to be reviewed by a committee of serving Army officers with recent to regimental experience, the liminary conditions for a sum-
mit meeting. Secretary of War, Mr
Secretary US
of State John Christopher Soames, sald
Foster Dulles, Britain's Foreign today.
Secretary Selwyn Lloyd and French Foreign Minister Chris- would than Pineau are flying in to at-
This expert attended tend the fourth annual confer- of
ence of ministers in the South- opening sessions of the Seato advisers' meeting military of
on Thursday.-United Press. the (Scato).
struction "frcm the point East Asia Treaty Organisation
He told the House of Com-
the committee The American nole sald the mons United States
pleased review the Army's methods Was that the Boviet
Union had discipline, management and in- expressed its intention to usc
of their effect on all necessary means, includ.view
an individual. ing a Foreign Ministers con- soldier as ference, in order reach was being done becauso the agreement on holding talks at Army was moving towards an the summit.
all-regular force. (Conscription Is to end in' 1002.)
to
departures
This
from
Nevertheless, the US reply "Wherever said the preparation for a sun-existing practice, however long- mit conference envisaged by the standing it might be, are shown Government does not will be put Soviet
Now, Clarke paints a sures the conditions required to to be desirable, it wi
ensure that the
summit talks
even if Shek Pik in suitable really help to reduce interna- demand will be still greater tional tension.
than supply and there is
should
little likelihood that it will The United States said tho ever meet, with the result summit agenda that, apart from personal necessarily
"be Rmited
WITHDRAWAL
But in "after hours" meat- ings the big three ministers will try to get together on an carly summit conference, United Press learned.
Big Three
the
It was reported that Pinend regarded this weekend's meet- ing so important an opportunity to discuss the summit talks that he refused to como unless it was agreed that an attempt would be made here to hammer out a common big three ap- proach.
With the North Africa issue
inconvenience, industry will matters the solution of which General Officer Commanding still bolling, Fineau seriously
bo retarded.
now rectus assured."
I
tho
Chairman of the commiltec is General Sir Lanmer Whistler. He retired at the beginning not of last year after 40 years in to the Army, the last three s in-Chief, Western Command,
In 1955
ordered ho At the same time, the US withdrawal of walking-out Unfortunately money will not memorandum
noted that passes for servicemen found provide the answer. New possibility of agreement "as to
wearing Edwardian, or "teddy- schemos can be financed out | nny matters of significanco"boy" clothing. of the reserves. It is & proposed by either side did not question of storage eltes charge from the emple co and according to the former respondence thus far exchanged Director of Public Works between Soviet Premier, Nikolas they do not exlet on a scale Bulganin and American Pres! to meet requirements, but dont Eisenhower. the Government can be The US believes a new sum. rolled upon to do its best to mit conference should not ignore rolleve the position.
the 1955 summit
conference
In Your Saturday Mail
Features in tomorrow's Weekend China Mall include:
THE LAST DAYS OF SHANGHAI—by John Lug: MASTER SPY-by Leonard Mosley; FROM RAGS TO RICHES--by John Cottrell; REVOLUTION IN ST JAMES-by Ivan Yatra;
Submarines
Mr Soames also mid trop To
To Explore Arctic Basin
trials, of different types of uniforms to replace the present battle-drew would be made In certain chosen units.
The Commons were discussing Army Anaces for the coming year-China Mall Special.
BOYCOTT ORDERED
Washington, Mar. 6. Three United States sub-
two
of
them
marinos, nuclear-powered, will ex- plore the Arctic basin this summer, the Navy an- nounced here today.
One of the West's leading experts on Russia cald he and France believed Britain would put considerable pressure on the United States to agree to a "no holds barred" oummit meeting.
ITALIAN DEPUTIES SCUFFLE
Roma, Mar. 6.
the
Roman Catholic and Com- munist Deputies scuffled on the floor of the Cham- bor of Deputios tonight over Red charges of church interference in the forth- coming general elections. Fist-shaking. Doputies, in flamed by the controversial conviction of the Roman Catholle Bishop of Prate by an Italian Court on defamation charges, yelled insulte and tried is "hit each other across cardon, of peace-making Chamber clerks.
It was a quarter of an hour before Chamber President
Gloveral. Leone could restore
.allowing a Cabinet order, Minister to resume an inter-
rupted speech.
The outburst was the first Incident in Parliament since the Bishop's conviction last Saturday The atom-submarine Nautilus, sparked the worn stato-church
the crisis in Italy in 30 years. Niemala, Mar. 0. which penetrated, under New leaflets were circulated North Polar, lee-cap to within United Press, by the Cypriot Eoks (terrorist 180 miles of the North Pole union with Greece) movement last summer, will be
Recom-
In Limassol today, containing panied this summer by the new the first detailed, order for nuclear submarine Skate and passive resistance against Bri- the conventionally-powered sub- tain, beginning with a boycott marine Halbeak
Defence Vote
London, Mar. 0.1
of British imports to Cyprus. › Last year, the Nautilus re- The House of Lords tonight The.Icafels, signed by Eoka matred for 5 days under the rejected Labour Opposition: ob- Britain's defente leader, Grivas, ordered Cypriots ice-cop and conducted soundings jections to to boycott, British whisky, beer, during its undersea cruise from polley by a vote of 94 to 25.
The Lords' debato followed dri confectionaty and shoes. Last the North Atlantic to the
| enxllèr-doboth" In the House of BUSINESS OF WAR-by Major-General Sir John year the island Imported R1, Arrile Ocean.
000,000 worth of these Kennedy; COMMENTARY--by Frank Owen;
Navy oficials have stated Commons: modities from Britain
they would like to use a sub- The defeat of the Oppositio The lendet: uuid: And all your favourite cartoons, features, strips, and
"Just «Jika |enarine cross the Arctic Ocean | was followed by valce vola ap- puzzles in 20 pages packed for your weekend reading, we won the armed struggle we from and to and, though most proval of a motion expresslog abali win prusive resistance," of the voyage would be, binesth confidence in Government policy.
--United Press. France-PressY,
Low Houter,
comTM
conference.
May Visit Moscow
London, Mar. G.
Mr Duncan Sandys, British Defence Minister, has ac- cepted "In principle" a Russian invitation to visit Moscow, but no date has been fixed, the British news agency, the PresA Association, said tonight.
Daily
Herald
politicat correspondent, Hugh Filcher, sald in Friday's paper: "I can disclose one of the Govern ment's most closely guarded recrois: the Defence, Minister is to visit Moscow in May.
The
COVER UP
"That fast lies behind all the mystification about summit talks, and the siruined relallong with America, which ministers have been dulug their best to cover up.” The Daily Herald went on; "It a direct pointer to the probability that
Britain,
gulded by Mr Macmillan, là likely to go it alone" in summit talks in spite of the objections announced by Mr Dulles, US Secretary of State. "Now It has been stranged
Boylet
with Mr Malik, Ambasador In London Intermediary-ihat Me Baudre
shall go to Russia to discuss baals which Angio- Russian talks can take placTO.
ОП
THE AGENDA. three-storey struc-"On the agenda of Mr Handys' meetings" in the Kremlin will be:
One thing he shouted while growing left-wing de-ho was on the root was "Down mands in this country for with the Torles" unilateral renunciation of the
Police reinforcements corner- H-bomb by Britain Uniled od the man on the roof and Press
overpowered him. He was taken to a hospital and hold for mental examinationUnited Pross.
J
Fire Victims:
Successful
Karachi, Mar. 3. Sofar 20 bodies have been found in the debris of the. Bort Bazaar, market In Karachi,
- Littleton, Col., Mar. 0, swept by fire last night. Many The Martin Company said it more people are reported mis-successfully completed the first ing and it was feared here that in a series of test airings of its the death toll would be higher. Titan Intercontinental balistic Rescue and search operations į missile's · Aero-jet engine. re continuing.France-Press. United Press.
from
★ Frank exchanges about the prospects for disarmament, both nuclear ́ANA -conven- tional;
A renewed possibility of "bargaining" over establish- ment of rockot sites in thìm country
The Long-term Germany.
future
eur-
"One reason, why no annouSLOR="
ment has yet been made. Is that the Russians are rently more anxious for such exploratory "Salks than is the West."-Beuter,
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