THE CHINA MAIL FRIDAY, OCTOBER 17, 1958.
DECISIVE TURNING POINT PEACE
Chancellor Says Sterling Is Now On The Way Back To Health
London, Oct. 16, Mr Dorick Hoathcoat-Amory, Chancellor of the Exchoquor, asserted here tonight that 1957 and 1958 might prove to have been a “decisive turning point“ in Britain's economic affairs,
ile was speaking at the an- munt Lord Mayor's Dinner Lis the bankers and merclunts of the City of London at Mansion Jlouse.
Mr Hertheont-Amory sold this had been in most respects ayar of progress,
"marked There had been restoration of copfklence In Sterling in the safeguarding of honest money, and in our ability 10 der1 with our own problems."
in
Ho ackled: "for 12 moriths succession our gold and dollar reserves have risen, even Through the normal autumn pressure.
"Although a third of the risc has been duo to special hor-
rowings, il satisfactory
#
A
result, more especially as our Sterling abilities have actually fallen a bit.
confidence "Foreign Sterling is now high."
Bul progress also depended on world fraɖo and locħustrial activity and this year--for the first me since the war-the free world had faced on potuni deeline in world trade,
on
That was D Very serious mattor, because not only Baltain domestic policies but the "posture of the free world In the face of the Communist threat" depended upon steady ceonontle
based Krowth dependable currencies,
That was why he had been glad to attend the recent meet- ings of O.E.E.C. in Parks, the Commonwealth Finance Minis- ters in Mentruai and the Interna- tional Monetary Fund und Inter- national Bank in New Delhi.
Dependable Currency
effective
Mr Heathcoat-Amory com- mented: "both our words and our actions in all these meet-
the have been to links
more because have had economy behind me a sound fond a depènänile currency.
"They are indeed the founda- we have now ions on which, been able to start encouraging steady resumption of expan- sion.
"If we can continue to conduct our affairs with restraint and a full regard for Sterling we shall. I hope, be able to look back to 1957 and 1938 es a decisive turn- ing point in our canonic affairs, "Of course, our trading position is the basis of our financial Frength. If that strong, then we can weather the occasional storma which blow up in the exchange Acid,
.:
"in the arst half of this year wo had a turrent surplus of £334 niliton more in clx months than in ally iwelve months since the war.
Good Conditions
"But I must with congratulations.
blend warnings
"Our policies have enabled us to take advantage of the favour- able conditions of the incl year; but the figures owe much to the fall in import prices and the stability in the volume of United Kingdom experts,
"We cannot expect those con- ditions to last; indeed our ex- ports are already falling.
"As a result of Montreal we shall do this in full harmony with the Commonwealth.
New "And a result of
Bank Delhi, the Fund and the
will no! only have greater influence but also larger resources to help to САБИГО sound development and to prevent temporary sotbacks from spreading late recession.
Our
Thus we ci porcced with expansion with greater
assumnce."
Mr Cameron Cobhold, Governor of the Bank of England, said the forces of long-term
pansion seemed welt assured with a new industrial revolution in full swing, developing mar- kets in Asla and Africa and ever-increasing sacint pro- grammes.
"The forces will be streng- thened by recent proposals in New Delhi to add to the inter- nailono money available both for development and for meel-
We shall have to work vory hard to cio anything like as well in the year to come, and we shall need a sustained nurling short-term strains in the
vizoruus export effort."
12
exchanges," he said.-Rouler.
A British Crossword Puzzle
12
3
4
8
19 20
122 123
24
25
26
28
Across
1 Favourite flim
(4).
4 TV medium (7),
description
Nothing in boer but bitter (4).
Leading light! (4).
10 Deck draini Do it in (7).
11 Blockhead (4).
12 To drill
moy
wear|somo (4).
well be
14 His in, so to speak, a singu-
lor performance (7).
17 Annic's tumed foolish (5).
10 Aunt's lively remark? (5).
22 It's golden, they say (7),
20 Soothsayer backs Dai (4).
27 Was in debt or
(4).
indebted
32
DOWN
vehicle
2 Draught (6);
* Operatic
(6),
|16|
drivers
4 The price of litigation (5).
5 He's not necessarily a bully
(6).
@ Nothing
doing in Poona
(5).
7 The odds, maybo (5),
12 Projudice in the woods (4). run over
18 Bird frequently
(4).
15 Man, maybo (4).
10 Triflea for the kids (4),
18 Made 201 (0).
20 Zealous (6).
21 Brillah and/or Foreign (0)-
23 Coastal opening (6).
28 It may put an end to a 24 Follow on (5),
debate (7),
29 This way cut, pleaso (4).
30 Ireland (4).
31 Sits
up and takes notice?
(7).
31 Change colour (4).
35 They were pitchera (5).
TİTURSDAY'S CROSSWORD-Across: 1 Repast, 5 Nails,
1
8 Creep, 0 Crusos 10 Wrath, 11 Tempo, 12 Rued, 13 Onset, 10 Course, 18 Carpet, 20 Reove, 22 Lido, 29 0.8-car, 25 Mayls, 20 Talent, 27 Defer, 26 Feast, 20 Settie, Down: Rocorder, 2 Prudence, 3 Boot, 4 Troostery Now-port, & Aprons, 7 Llire, 14 Bo-dime-nt, 15 Throttle, le' Cressat 17' Aernies, 10 Avoids, 21 Evade, 24 RA-KE
LORDS OF THE RIVER
Sky Prisoners May Have
To Spend 3 Weeks
Awake!
London, Oct. 16,
A British volentist fold A symposium on solar medicine today, that sludics of the experiences of prisoners who survived as long as seven years in underground darkness would be valuable in sending the first men info space.
Dr Cyril Cunningham, Senior Paychologist of the British Alr Ministry. touched only lightly on the stories of heroes and heroines who fought off Insanity in the seemingly hopeless blaoknem of their imprisonment.
But he said their ac counts and their evidencÐ led him to the following conclusions to what must be done to maintatu the well-being and good Judgemont of Dilot and vassengers in any venture of weeks or months to the Planets:
Sleep is a habit and
space Voyagers should
be trained to stay awake for as long as a few weeks
if necessary,
•
Three weeks is the
limit for ■ state of idleness in space ship, and some solívity must be arraured, otherwise there may be intellectual distar- bances.
■ There must be a long period of training, In
which travellers would be- come secustomed to the Brace ship cavironment and their own psychological reactions to H.
● There must be a high- level of stimulation or activity Inside the space ship for the first two or three days of the fight.. -U.P.I.
Swans ford it on the Rivor Deben at Woodbridge Suffolk, a beauty spot favoured by yachtemon. The mill in the background is 800 years old.
IKE TRAVELS COAST TO COAST
The "Above
- -
Party" President
Comes Down To The Hustings
COMES BACK TO M.E.
Karami Govt.
Ask For
Powers
Beirut, Lebanon, Oct. 16. Lebonan's four-man “save the nation" cabinet voted today to nak Parliament for the right to legislate by decrep for six months, to try to restore order in this revolt-torn nation.
Fremler Karami Lakos his Government before the Cham-
Pagō · 8
The Perfect EXTRA For Your Baby
NEŠTUM
ber at 0700 GMT tomorrow for PRE-COOKED
a conndence vole on its pro-
gramme to end the
antion's
bloody strife and heal the wounds of five months of bitter fighting
The key the
demand they
will
make, is for the right to rule the country by doorco for six
months, Bald.
a government source
The Government was *X- pected to get a solid votp confidence from the 60-deputy chamber in its first omelal net rince electing Fund Chehab ns Lebanon's new President July 31.
וזס
Avoid Pacts A Government source sald the ministerial declaration would pledge the Governament to strict observance of Lebanese independence and sovereignty, and call for the re-establish- ment of des between the nation's Christian and Moslem communities.
The source ciod the GovOFT- mont's foreign polley would ge based on principles of the Arab League and the United Notions and avoid military pacts with any government.
The Government gou before the Chamber as the nation wor increasingly retarding to calm. The eight to four cucfew which has been in effect since May 12, has been pushed back m hour
Minister, Raymond Eddel.
11TH HOUR ELECTION BID to nine p.m. tonight by Interior
Washington, Oct. 16.
President Eisenhower leaves on a coast-to-coast trip tomorrow in an eleventh-hour effort to spur a Republican drive to victory in the elections less than three weeks away.
National Chairman,
James A. Farley, that no votes
to the polls.
the His six-day trip, the In addition, he will with Democrats. The trlp will also be a test of most extensive he has make television broad- the maxim of former Dano- undertaken in the cur-casts from Los Angeles, cratic rent political campaign, San Francisco and Chiare changed in the Inst two will take him into five oago that will be carried weeks before the voters troop states - Iowa, Kansas, into 11 western states Colorado, California and and
15 mid-western President will spend two days, Illinois.
states..
will faco bla
Both greatest challenge. The tip, which puts
GOP leader
William the Senale
Knowland, Prealdent's political prestige
and Gov. the
to Goodwin J. Knight were re- designed Hno, was revive Lagging Republican ported to be running behind ciforts 10 win contro! of their Democratie opponents in
44 Feared
Lost
Buenos Aires, Oct. 10,
In Californiu, where the
the President
for zace
Stores Open
some-
Meanwhile life in Beirut re- turned to normal after £ve months of strife which times bordered on Holy war. For the Arst time in months, stores remained open in the afternoon and people weat about their business smiling and challing.
No shootings 07 other in- cidenta have beeri reported since Tuesday might when Mostem Premier Rashid Karami Q four-mon half- Christian half-Moslem "govern- ment of public safety com
formed
prising Pierre Gemayel, head of
the rebellious Phalange.
Christian
And The Cars Honk Again Army patrols; tanks and gun emplacements were removed area and Governorship from the downtown
Congress and important State their houses in the off-year elections and Knowland's vacated Senate key Intersection, Troops cur- on November 4
scu!.-U.P.I.
The President who has delf- avoided the cut and berately
electioneering thrust of party
already spoken out agains! and de- Republican "apathy"
years joust
The Argentino Navy gradual-palitica during his term, hus ly abandoned
al hape today saving the 44-man crew of the Guxiliary warship "Guaran?" which was missing since yes- torday in a forco storm near thu Antarctic.
Navy sources had been heard from the vessel
said no news for 24 hours which radioed yesterday she was in trouble in a storm in Drake Stralt be- tween Ushuaia Harbour on the southern tip of Terra Del Fuego "nd Argentina's Melchoir Antarctic base.
icatiam
In this
Austria Lets U.S. Troops Fly Home
Vienna, Oct. 16. Austria bus granted per- Naval officialo feared the mission for United Statos illi-
have tary planes to 082-1on Guarani, night
her dly over
hit one of the massive icebergs territory on route home from which drift in that area at this he time of year.
Kuala Lumpur, Oct. 10.
Labanon, the American Six Communist terrorista
Embassy announced tonight. surrendered to a patrol of the
At the time of the Lebanese First Battalion, the New Zealand The 16-years-old vessel, Intervention this autumn, Austria Regiment, in the Sungel Siput bought from the United States protested bitterly against the alerted district of Perak Stale on Octo- Navy in 1940, was on a supply US, fights and even
mission ber 10 and 12.
to Melchoir Base its tiny air force against them. This is the biggest group of which lies near the Antarctic | The American transports ware
In terrorists ever to surrender to a circlo
Grobam land finally detoured via France.
U.P.I. military patrol. ---Reuter,
France-PresAFO.
Jimmy Hatched A Mallard
Underneath His
London, Oct. 0.
Jimmy Showers, 11, was credit- ed today with hatching a duck's egg by strapping 13 under his loft arm-plt Wocks There was only and brief inter- ruption during his period of foster-motherhood he left it under a friend's arm. whito ho bowled an ovèr in a schoot
cricket match.
Arm
bla
story of the egg was told in the duckling, was swimming the newsletter of the Gurkha around in a wash-basin, Riftos, a British Army Regi- | But the story had an unhappy ment, by his proud father. ending. He took it out for
plucked their for Teachers
op-
when the week-end) parente visited him and the proval at e boarding schoot) in Oxford.
Juckling onustit cold and i diod, Jimmy road the Mallard's cig
in a dearted nest and popped "The whole school was delighted 4g urider. Bila syn. He care-
whore the duckling wpb fully kept it there-in class, hotched Jimmyją mother and when he went to bed.
said today. "All the mastery Three weeks later theru Was
were in on the conspiracy stud an audible crată.
chair tha porled he was acting foster-mother, he YERE ascured from- physical" trälis- ing-U.P.I.
He took the egg back toimedi- ately and the duckling popped gut of the shell while Jimmy and his classmates wore Bay- Ing lunch at the school. The
He warp to the school matron who kept the duckling vari with a bad wafer kettle, Boom.
Sky Sails For A
Moonshoot
Detroit, Oct. 10. Norman Barnes, head of the General Eleviris, Comn« pany's Presa wervices, w rested today that moon rockata should be equipped with plastic solar salik, pushed by the tight of thể sum an the sails of a thin are pushed by the wind.
"Sun sails.”. Başzen da- clared, would provide an additional sostros of never ending power.
He estimated that if the "Pioneer" moon rooket had been equipped with mila meaṛuring 409. foot by 400 foot It speed would have been increased by 350 miles (500 km)
hour.
Barnes explained thas when
photons (the par- Holes of light emitted by the min) were absorbed t a material, they exerted pressure upon ik
This pressure, he said, could be doubled if the Faun mila" of "absorbonam material were attached to so aluminium-based pro- duct in the sido facing tha WIZL
At the time of launch- ing, Barnes added, the salls would be folded aWAY "unfurled" at the moment of entry-inie trwa spese whore there was De further ale realgion08144 Franco-Promo,
ried away sandbags and barbed wire, last vestiges of months of civil strife.
to
Ons street car started running and Beirut'e careen- the taxis returned streets causing hopeless traffic The wild honk- Jams to usuni. ing of their homs reassured residents that life indeed had re- turned to normal.
Storekeepers
greeted cus- tomers with broad smiles as the end of fighting brought them renewed prosperity, — U.P.I. and France-Presse.
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