1958-03-19 — Page 1

Page

ASAHI

PENTAX

Sole Agents

GILMANS

COMMENT OF

THE DAY

HONGKONG TRADE

THE Hongkong General

Chamber of Commerce, report for 1957 reveals that on the whole Colony merchants had a "dis- appointing" year and that

"THE" WEATHER?" Moderate occasionally fresh, gusty ENE

winds. Clouds,

CHINA MAIL

Gyva

No. 37001

Established 1843.

WEDNESDAY, MARCH 19, 1958.

Price 20 Cents

RELAX IN

DAKS

THE FARODS COMBONI IN ACTION TROUSERS,

Whiteaways

F. KW 1.0.0 N

IKE ON AMERICAN ECONOMY British

Action To NEW FUNDS

Assist

Healthy

there is a strong possi Economic

bility that this year will be no better.

There were high hopes in

Recovery

Washington, Mar. 18.

Eisenhower

the early part of 1957 that it would be a good trading year, but as the months passed it became world apparent that a wide recession, particu-President larly in the United States, was having its effect on the Colony.

It is a sobering thought to note that the values of im- ports and exports again produced a record visible ndverse balance of trade. Fortunately, however, in- visible exports were such as to make up for the trade deficit.

Forecast

F. as the Chairman of the I Chamber,

Mr Cedric

Blaker, forecasts the en suing year will again be a bad one for traders 群 more vigorous policy must be pursued to increase the invisible exports. Government is well aware of this necessity and it is understood that plans are being made to boost the tourist industry to the fullest extent. But this source of income which will benefit almost the entire Colony will take time to materialise, Advertising the Colony throughout the world will be costly at first, although in the long run it will pay off and the rewards worth the expense involved.

Lost Markets

TOWEVER, the fuct still

H remains that Hongkong

said today that his administration will not be "panicked" by alarmists, into taking measures to stimulate the American economy which have the effect of making present hardships "chronic".

IIe sald the Government would action. as.. seemed take such desirable and necessary "to help bring about a healthy Increase in employment and business activity", but added:

"The real mainspring of our kind of economy is not Gov- errument but the built-in thrust and vigour of private enter- prise".

Defence

In a vigorous defence of the administration's foreign ald and tariff policies, Eisenhower declared that "four and a half million Americans owe their jobs to the activity created by

overseas trade".

the

The President told the National Conference of Ro- publican

Women that administration would take any measures including tax reduc- tion in consultation with Con-

gressional leaders which might prove desirable.

The

Washington, Mar. 18. United States Federal Reserve Board again reduced the required reserves of its member

thus banks today, releasing a potential $3,000 million of new funds for Tending.

The генетс which the 6,400 member banks are required to maininin against their demand depoelia was reduced by half of one per cent,

A similar move was made on

13. and February

* Board

RELEASED FOR LENDING

WAS #pokesman said it

effort" estate credit con- ditions still more favourable to (economie) recovery."

He added that the new cut was mado "in view of coonomic condillons," and clied a sum- mary of business conditions Isted yesterday by the Board, in which the recession was seen as continuing,

The now reserve requirements

today announced

Leftists And

are

the

lowest since the depression years of the middle 1930s, They become effective on March 20 for reserve banka in major cities and on April 1 for banks in smaller cities, Officials explained that a loan made by one bank becomes a bank. deposit in another which then could lend most of this deposit to another bor- rower. They thus arrived at

$3,000 million of new funds for lending.—Router.

CONTROL OF OUTER SPACE

RUSSIANS ARE BEGINNING

TO RESPOND

-Says Dulles Washington, Mar. 18.

the figure of a potential Mr John Foster Dulles, the US Secretary of State, said today that the Soviet Union was begin- ning to respond, but not in a very acceptable| form, to United States' proposals for the con- trol of outer space.

Rightists

Hold Rallies In Paris

Paris, Mar. 18.

More than 20,000 people jammed into the Paris Sports Palace tonight to cheer Communist, and other Leftist speakers who demanded a "half to Fascism" and the "defence of the Republic".

Evacuation Of Sumatran Areas

OILFIELDS THREATENED

Washington, Mar. 18,-

The State Department said today that prepara- tions were being made to evacuate American citizens wishing to leave the Medan area in North Sumatra.

"This administration is not "It is not known in Washington going to be panicked by alarm-how many persons will decide to activities that could take advantage of the faclities ists into actually make hardships not offered," Mr Lincoln White, the temporary but chronic," Eisen-State Department spokesman, sald at a press briefing. "The evacuation facilities are being arranged as Д precautionary measure only."

hower said.

Undertake

"This administratice will con-

+

the

Replying to questions, has lost many of its mar-tinue to undertake any measure spokesman said there was con- kets in Southeast Axincluding tax reduction if, after fusion about the extent of the consultation with Congressional fighting between Government and and Japan.

leaders such action should rebel forces in the Medan area. China, too, has been making prove desirable and necessary Information the Department had Inroads into Hongkong that will assist healthy economic received from the Central Gov- ernment in Djakarta was that markets and at the same

Speaking of foreign economie Government foreer time earning an average policy, Eisenhower said, that Medan. of £25 million sterling a 4,500,000 Americans

owe their

He sald year in foreign exchange jobs to foreign trade.

that an increase In American here.

tariffs would have these

of

recovery."

Hongkong must be prepared results:

to expect this state affairs to continue and even increase as China expands its industries. It will therefore be neces sary for Colony manufac- turers to look further afield for markets in

the

are

A bitter feeling on part of peoples whose

and assistanco goodwill essential for collective security.

A marked reduction in their purchases from the

blow at their needed economic

United States.

★A severo

vitally

which they can compete dovelopment programme.

on favourable terms with

other countries.

Warning

R Blaker also issued a

MR

controlled

NASUTION FLIES

TO MEDAN

Djakarta, Mar. 18. Army Chief of Staff Major. Gan. Abdul Harly Nasu.

Bow to today Medan to make i por- sonal Investigation of the revalt which broke out In the North Sumatran Capital.

tion

in

A steady increase disorders and violence. ★ Sovim offers to absorb their production through

barter trade.

A desperate turning to the Communists for a

warning that if the solution.-France-Presse.

United Kingfiom became

associated with the

Free Trade

Area such a move might

European

have "wide and serious

Implications

Colony"

the for

Suggestion

with the

London, Mar. 18. Mr Harold Macmilien, the British Prime Minister today The possibility that Hong-turned down a suggestion that kong might lose Imperial he should urgently call for talks United States and Preference benefits is a Rusia on thermo-muclear polley matter

serious in view of "growing pubile con- for thought and it would be cen" about the dangers of com- of these up to the United Kingdom Government to safeguard In a written reply to a Labour Hongkong's interests as Member of the House of Con- well as those of the other mou, Mr Macmillan said: "No. 1 hope a properly prepared sum- members of the Common-it conference will lead to pro- wealth.

gress on disarmament," Reuter

petive development weapons.

announced Radio Medan

Nasution was received at the airport by Llaut. Col. Djamin Gintings, Mill- North tary Commander Sumatra, and other loyat officers with whom he conferred

to prler returning to Djakarta- United Press.

The American Consut at Medan had reported no case of an American being harmed or American property being Jamaged.

Commercial sen transportation was being, arranged for the evacuation. It was not planned to evacuate malo employees of the US Government and it was estimated that the total number of Americans in the Medan arco

EGYPTIAN GIVEN POLITICAL ASYLUM

ODROMORAKSTA

Paris, Mor, 18. The farmor Egyptian Embassy

pronssilache in Belzeriand

oficials, koru said tonight,

1957, but he had decided bo fore that to Bock asylum in a Western Only,

who could avail themselves of the evacuation facilities was 125. Answering another question, Mr White sald he assumed that Dutch citizens would be given assistance in evacuating if they asked for it.

The

Secretary of State de- clared on his return from the Far East that the Soviet Union, by proposing last weekend that the outer space question should be linked to US withdrawal from overscan boses, was mix- ing up two things which were

unrelated.

Mr Dulles had altended the South-East Asla Treaty Council

conferred

Formosa with

on

meeting in Manila and also had United States ambasadors Asin and the Far East.

in

He lold reporters at the air- port: "The United States has been pushing control of outer space for many months. It was part At the same time, in another

in of our proposal

London the part of Paris,

Rightist

(during the disarmament nego- Union for the safety and riations with the Soviet Union) newal of French Algeria", held and we have been trying to get a meeting in the Salle Pleyel a technical committee set up to to demand a tougher French study the problems involved. North Africa policy.

As the two meetings got un- derway, huge police details, in- cluding anti-riot squads flown In from Algeria and Strasbourg, stood by at strategic points to cope with any violence.

*Fascist

MIXING UP

VIR-

MENSHIKOV

CALLS

Attache Held

For

2 Hours

Moscow, Mar. 18. Captala H. R. Newton, Bri. tish Naval Attache in Moscow, was held under arrest for two hours last Sunday and forced to walk for a mile down á road with an armed eầ cort, it was learned here Loday.

}

The Incident took place at Tsarliseno, à popular akling resort for Moscow's diploms→ tic colony about 20 miles from Moscow,

ON DULLES Representations are being made

Washington, Mar. 18. The Soviet Ambassador, Mr Mikhail Menshikov, paid

a surprise, ten-minute call late today on Mr John Foster Dulles, the Secre- tary of State, but said it had nothing to do with a summit conference,

Before he went into Mr Dulles' office, the Ambassador told reporters that he was not "President Elsenhower

11 new letter from phosised the Importance of the bringing matter in his letters to Soviet president Eisenhower.

Marshal Nikola Bulganin tọ Fremier Bulganin, and now at clined, however, to say whother

He de

last it seems that the Soviets ho was bringing

beginning

are

to

respond

v

in Moscow. But the Soviet army officiate have already apologized for the behaviour of subordinates who, they said, "exceeded their duty.”

Film Shots

Captain Newton was taking alm shots of his son and a friend walking up a ski slope when he was detained by an Army captain and three soldiers, ali armed.

A

The officer cald Captain Newton's camera must be examined by an expert and he was marched off to a millția station a mile down the road formal

although their.... prociso.rospordiplomatic note or ather kind The officer archod-in-tront of

is not in a very form,"

Réceptable

of offelal document.“ ROUTINE

When he came

Participants in the Sports Asked if the Soviet proposal

out of the Palace rally shouted in unison, was not very acceptable because "Fasciam will not pass" and it had inked the outer space Secretary of State's

office, Mr reporters' heard an appeal by Communist problem with a demand for the Menshikov answered parliamentary lender Jacques withdrawal of the United States questions by saying that his

Mr overseas bases, Duclos for the French Left to from its

Dulles replied: "Yes-it is mix- unile its forces.

ing up two things which are un- related."

The police kept their distance ut some 600 feet from the meet- ing hall.

י

Duclos renewed Communist The Indonesian revolutionery bids to the French Socialists for Government today warned united action with the Com- foreign nationals to leave __thomunists, saying: "Unity, more Fakan Baru oll centre in East indispensable than ever, cannot Sumatra within the thortest be achieved without the possible limo", Fadang radio Socialist Party." reported tonight,

A WARNING The radio advised oil. tankers and other ships owned by Eali foreign companies not to along the Stak River "until further notice."

was issued as

Tho

shouted eroti

its Indignation when Duclos 'men- tioned the names of Pousadiots extreme Right-wing and other Assembly members.

Duclos

Attacked

call was just a routine matter," He said he had requested the meeting yesterday.

The Secretary of State sald The Ambassador called on Mir the Scato conference marked Dulles only an hour and a half solid progress" and recomplish-after the Secretary of State had ed good results-Reuter,

landed at Washington's National Airport after a ten-day trip to the Far East where he attended the Seato Council meeting in Manila-Reuter.

LONDON TALKS

ON SINGAPORE

Singapore, Mar. 18. An all-party Singapore dele.

gation will go to London! soon for talks on the final draft of the constitution "State of creating n Singapore", informed sources said tonight. The delegallon is expected to leave for London after the next meeting of the Singapore Legis-

The warning

and Benoit Frochon, the revolutionary government Secretary-General of the Com could not guarantee the lives munist-led General Confedera- and property

foreign tion of Labour (CGT), also nationals when the counter-attacked the "bonus" march by attack was launched, but "we 2,000 policemen in the Paris hope to avoid fighting in the oil streets on last Thursday, asen," the radio added,

Meanume, some 1,500 persons attended the rightist meeting at the Salle Pleyel

Among prominent persons atlative Assembly on April 9.

The new London talks will be the meeting were former Algeria aimed largely at getting a com- Governor-General,

Jacques

The evacuation of foreigners would mean the shutting down of the Caltex ollfelds. It is estimated that more than 300 Americans, mostly oil company Sousteile, a leader of the ex- promise on the internal security employees and their dependents, Guallist (Social Etopublican) clause, which bars known sub- are in the arra as well as Party, and former number of Dutch and other Premier and Foreign foreign nationals.-Reuter and George Bidault, France-Presse,

DISCONTENTED

DUTCH POLICEMEN

Amsterdam, Mar. 18. The Amsterdam, police held a mass meeting here to- day to air their grievances and press for higher wages.

Discontent has spread to the Dutch police force in the wake of the strike by the Osio polico and the mass demonstration by Paris police outside the French Parliament last week.

French Veraives from standing for elec- Minister Lions.

The projected constitution will Parachutists in uniform and a grant self-government to Bingo- latge sprinkling of other youths pore-France-Presse. crowd.

were among Franco-Press),

tha

Churchill's Visit To US Still On

Maltese Talks

London, Mar. 18, British and Malleso Govern- ment negotiators today resumed their suspended talks on the thorny

Issues of Malta's

and economio

constitutional futur in a last-stage effort to break an apparent stalemate,

Prima Mr Dom Mintoff, the Minister of Malta, who ded Sir Winston Churchill is still the walk-out of his delegatior.

London, Mar. 10.

Agreement

Rome, Mar. 16. Britain and Haly have reach-

Captain Newton and one of the soldiers, armed with a machinegun, behind.

Captain Newton told the officer of his diplomatie: status, bút he wns refusest telephone facklilies at the militia post.

He was

Anally roloch--with apologies after a party of Russian civilians had arrived at the post,

The Soviet Army has installa- Upas surrounded by barbed wire, in the vicinity of the ski slope, But there is no sign prohibiting photography, --Reuter.

ALGERIAN REBELS KILLED

in

large rebel unit halfway be- tween Champlain and Tablat. and put it to fights, while the retreating band was attacked de- by another paratrooper tachment.

Algiers, Mar. 18. Over 120 Algerian rebels were killed, wounded or captured battle with a five-hour French

paratroopers sup- ported by artillery and planes, miles about DS

submachine-guns, south of Five Algiers today, French official sources said.

A French patrol discovered a

one

rifle and 60 other were captured.

automatic weapons France-Presse.

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planning to visit Washing-from a colonial office meeting a ton late next month as weck ago, returned for a two- hour conference this afternoos President Eisenhower's with the Colonial Secretary. Mr guest, a member of his Alan Lennox-Boyd Router. London staff said today: He cemphasised that the plans might bo altered If there Some,600 policemen took part were any hitch in the 89-your- Vase GEN in today's meeting held under statesman's

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