1958-12-29 — Page 1

THE WEATHER: Moderate to fresh E. winds. Fine,

becoming cloudy with patches of light rain in the evening..

Fly to

.

CHINA MAIL

FROM

No. 37242

PHILISHAVI OL GILMANS

Comment

Established 1845

MONDAY, DECEMBER 29, 1958.

Price 20 Cents.

PROMOTER BELIEVES SMALL WORLD FLOATING IN ATLANTIC

79

lends the

world around

with

DAN AMISEREG LANGIN

Brain

Of The BALLOON DOWN AT SEA? Waves To

Day

The New £

TODAY

AY the pound takes its place among world cur- rencles with increased stature-a staturo It has not had in years. For Bri-

tain has taken another step

towards making it fully exchangeable with other currencies including dollars. What it has done in foreign effect is to create trade pound freer and more powerful than at any time since the war. The prac tical effect of this in that

pound will be

the

mate

negotiable--and will remove more freely | and will undoubtedly play

even bigger part in world trade than it does tổ day. And that la consider- able.

By

How has it done this?

amalgamating transferable and American Account sterling (convertible in a restricted

way) and making one new category of fully convertible pounds. But this is purely for International trade outside the Sterling Resident sterling-

Aren. or pounds used in domestic day-to-day transactions in Britain and in Sterling still not Area trade is

convertible. Nor does the latest move by the Treasury mean that it is definably closer to realisation.

£ £ £

NIMULTANEOUSLY

S1

Britain

猛

with

number of

European countries have

also announced partial con-

vortibility. This is of

essential if

con-

course vertibility is to have mean- ing. Germany which has the most alable perhaps

in Europe hus been pressing for full con- vertibility

for

Years,

currency

Re-

current domestic economic crises have forced Britain to postpone a decision. Since the fight from

the

of

Has No Fears

For Safety

Crew

Of

New York, Dec. 28.

The promoter of the trans-Atlantic aerial voyage of the missing balloon "Small World" said tonight he believed the small craft carrying three mon and a woman was down at sea. But he said he had no fears for their safety.

Peter Elstob said in an interview of the National Broadcasting Company's "Monitor" radio, show that he agreed with the Venezuelan Com- munications Minister that a hoax was respon- sible for earlier reports that the "Small World" had landed in Venezuela,

Duke Of Kent

Denies

He's Engaged

London, Dec. 29. The Daily Sketch reported today that the Duke of Kent, 23-year-old cousin

Mr Eistob balloon Tray forced down

the

boen

an

sald have during electrical storm or a heavy rainstorm. The gondola was designed to serve as a boat

tested and had been heavy seas, he said.

in

Colin Mudle, one of the crew- men, is a naval architect and designed the gondola, himself, Mr Elstob said.

Contact

The promoter said the last certain contact with the balloon crew was: 10-days ago. All word since then can be. can- sidered spurious, he said.

The balloon left the Canary Islands on

December 13 on a free fight. Mr Elstob said the crew's last word to him was to tell him that if they came down in the element they would be they knew bist, the sea, and would sal un across the Atlan- tic.

He said the crow told him they did not want an air-sea rescue operation. They said they ex- pected only the kind of search operation that would be con- ducted for any small craft, he sald.

the Ele suld that they said authorities should wall two do three weeks before looking for them-U.P.1.

of Queen Elizabeth, had SOCCER FANS GO

denied he was to become to 25-year-old engaged Katherine Worsley from Yorkshiro.

ON RAMPAGE

pound and the big $1,000 million loan from America, during the Suez crisis 1950 and the crisis of 1957 the tide has gradually turned in favour of sterling. A series of shoring opera-

Buenos Aires, Dec. 28. tions has restored inter-

The paper said that the Duke The fans, of Racing Club, Ar- national confidence and the

soccer champions, in- indications are that extern-on the telephone from Germany gentine

where bo is with his regiment, vaded the playing field, fired the

Royal Scots Grey's, was fireworks against women and asked if he planned to announce children watching Racing's last the engagement. He was said to game of the season and then have visited Miss Worsley's destroyed show windows and home. near Catterick, Yorkshire, robbed three stores. while on his Christmas visit to The attacks ellmaxed a series the royal family at Sandring of outrages committed by soccer ham.

ions during the last few weeks.

ally the pound is now strong enough to stnud on its own

feet.

£ £ £

THE significance of the

Treasury's announcement "I do not know anything in recent Instances they stole

is therefore that the pound about that," he cald in answer women's

Stumping Along

The Prince of Wales, with his right leg in plaster covered with his grey school stocking, meets the Liverpool Street Station-master before boarding the train for Sandringham where he spent Christmas with his family. He injured his ankle in a fall at school.

Express Photo..

HE TOLD MAN TO IGNORE CONSTABLE

Yesterday afternoon outside No. 27 Kam Wah Street, Shaukiwan, a lorry-driver, Wong Chi- hung, was stopped by a Police constable for

breach of a traffic offence.

While the constable. Woo taking down the particulars, a

man came along and told the bags and decidaces driver to ignore" the constable, to the question about the and damaged railway carriages | "Don't be afraid of him; just in not only stronger but the

engagement. "It is complete and other

transportation keep on driving and ignore authorities have greater faith in its ability to play nonsense."--China Mall Special vehicles, U.P.I.

its traditional role financing

In

world trade; the

dollar position has greatly Guiness & Liz Taylor

Top Stars For 1958

rc-

more

improved and Britain is confident that with over $8,000 million in the serves and monthly pay- Its ments continuing in favour it can afford to give the currency a negotiable character. In addition, continuation of Exchange Control, whereby incomings and outgoings of dollars within the Sterling Area are controlled, will give Britain added 118- surance that the pound will aturid firm, For Hongkong, this

promiseu to benefit our evernens

though

trado

-MOVG

results will be gradual. Economists believe that the

New York, Dec. 28.

How external convertibility British actor, Alec Guiness, will bring increased pro-

and British-born actress sperity to the European

Elizabeth Taylor, were area Reacrally and that

chosen tonight in a poll Asian nations will beneft hoth by the freeing of the of radio and television, and newspaper film critica kystem of trade payments and the greater movement of

as the two stars who gave trade that it will encourago.

the best performances of Thle now & la a polent algs

1958. of Britain's economic re- covery, it is nows that will be wajaomed everywhere.

The poll was conducted

Film Dally, an industry, newspaper. Miss Taylor was chosen for

her performance in the

Attacked By 30-Foot Shark

FURTHER EASING OF BRITISH MONETARY RESTRICTIONS LIKELY

London, Dec. 28.

Control Computer

London, Dec. 28. A'- Soviet scientist. today predicted the develop- rent of an electronic computer so advanced it can carry out orders re- ceived ns "braju waves" from man.

· Professor Ernest Kolman, in

Financial experts today predicted a further easing

of British monetary restrictions in the New Radio Moscow: broadcast Year, with other European nations following suit.

Labour

opposition

TOW

Despite that threatens a political over the decision yesterday, to restore "external convertibility" to the pound sterling, › permit- ting foreigners

convert to pounds to dollars · or other

"hard" currency in business deals, the experts said- more stops would be taken to smash the lust

monetary. postwar shackics,

Increase

They predicted that in soming months the Government would allow Increased imports of the dollar goods and increare foreign currency allowance for British tourists.

Ten other nations in Westem Europe yesterday joined Britain in mirking their, currencies ex- ternally convertible. In addition, France devalued the frane from 420 to the dollar to 499.70 to the dollar.

By so doing, the Continental nationis genred themselves for the opening on January, 1 of the European Common Market, and 10-year programmatimt visumlises an cventual single trading orca among all Western |European states.. It will open en Thursday with a 10 per cent cut in tariffs among the member } states.

Sound Money

Britain will not be 'e mer- ber, und has opposed the Com- mon, Market scheme. But the British pound was adjusted for the beneût of foreign traders on the theory that the retum 10

Hongkong $

Will Benefit

Professor E. 8. Kirby, hand

of the Department of Economics at the Univer- vity of Hongkong, said this morning, that, briefly external convertibility or the pound sterling would have "quite a good effect in Hongkong." wit. would facilitate and

iltiarmilan.trade, and any. thing, which does this la a good thing," he said... He added that this move proves the strength of the pound starling, and as the Hongkong dollar is based on the pound, it should

Increase confidence in the Hongkong: dollar,

Mr

G. O. W: Stewart, adviser to the "Hongkong" and Shanghal Bank, sald siho-difenat-think it would....... affact Hongkong” greatly-i Becalistha" move which made sterling' freely 'con vertible only affecte non- 411 residents' Accounta can't so it making much difference to Hongkong," he said.

will

certainly help European trade, he said, but added he did not think it will have any great effect locally.

It

"sound money" would help AMERICAN HOLIDAY

boom the reonomy. Authorities said that with $3,000 milion en hand in gold and dollars, there would be no drain on cash reserves.

to

The devaluation of the Franc means cheaper holidays in France for foreign tourists, and French hotel locopera look for wand

entertaining man more foreign visitors in 1959.

Although foreign tourists will lose some minor, conces- sions previously granted them to persiade them to visit France, they will still be better off than before devaluation V.P.I. and Reuter.

Grenade Thrown

Algiers, Dec. 28. An unidentified attacker, tossed a grenade, into the Galle Bar in suburban Algiers, today. A Moslem customer was killed and three were injured

It was the second bombing of an Algiers calo in 48 hours. A Moslen, was injured in a bomb blast on Friday-UP.I.

DEATHS MOUNT

heard here, wild the

machines will make use of

the "blo-currents of the brain” to trazimit man's will to-con- trol.mechanisms by wire radio,

Or

Man will not have to use wheels, levers or even buttons to operate machines, he predicted.

push such

Kohnan said that such auto- mation devices will help the So- viet Union .cut down its work- Ing schedule to a six-hour day and a five-day week by tie end of the current seven-year plan

Automation

However, he said, automation will not cut down the need for manpower in general. It will inspire pow enterprise which will call for a "vast amount of manpower.”

The scientist also predicted that future automation will pro- vide;

Automatic book indexes for large braries,

Automatic^informa» tion machines for research- centres..

-Video- telèphones which will receive and transmli mtssages,

Automatio typewriters which wit transcribe directly from dictaphone machines."

Sowing machines which will make a drem direct- ly from a pattern with no human help.-U.PL

Slap Cost

Him $125

New York, Dec. 28. • The holiday highway death? toll in the United States stag- gered past the 402 person mark at mid-day today, with the

DIO

man. Law Fak-mRNE,

gure expected to lurch up in a fit of jealousy, a 21-year- wards as the rush back to the clues begins after the Christmas week-end.

A total of 644 persons have died from all accidents over the holidays.--France-Presse.

Political Riot

Tijuana, Mexico, Dec. 28. Dozens of persons were in critically wounded last night in a rock-throwing, club-woving political riot broken up with tena gas and live ammunition.

More trouble loomed today at Mexicali, about 100 miles bast of here on the border, where leaders of the National Action. Party planned another. anti- Government demonstration, imm

Jured and a police officer was

slapped his girl friend on the face. For that he was order- ed to pay $125 or, spend 35 days in prison when he plead. ed guilty in couri today. Law was charged with common nasault and breach of bond. Mr A. L. Legiblean at Central Magistracy also ordered him to sign a bond of $109 for oba year.

Sub-Inspector. E. Ma "prosecu

ting, told the court that on Bunday the defendant had. slapped his girl friend Eco Hok-kam once in a cafe in Jaffe Road. Inspector

Ma added that the defendant bad previously signed a band of 850 for one

year in April, ·2068, for · dia- orderly condust.

HURTLING THROUGH THE HEAVENS

him the man said.

Mak This morning the man,

Istanbul, Dec. 28. himselt

U.P.I. A. Tuttish fisherman, Orkinos Chi-leung, 31, found before Mr A. L Leathlean at Venus was out fishing in the Sea Central Court on a charge of of Marmara with his mate when "making a speech tending to his motorboat was atucked by a encourage another person to in-plant, sharks.some 80 feet long. terfere with, law and order”,

The two flahermen were, tow-- Mak pleaded guilty and was ing in their catch when the shark fined $23.

mado is attack. They managed eventually to, drive it away, When they fitially teached they found three shark's teeth, em- bedded in the hull.

MONEY GONE,

UP IN SMOKE,

The fisherman's name, trans- lated from the Turkish means

Jonas Share Trance-Presse,

Americans spent about $3,000 Blazing Lorry Sets

million for cigarettes in 1960,

a Department of Agriculture

report disclosed tonight.

Cigarette production.. hit high with a.1.4 percent, in- crease over 1957 and nine per cent over 1956, France-Press.

Road Alight

Loudon, Dec. 20. A blazkg lorry-lood of over 1,000 gallons of paint hold up about 000 lorries to a 10-milo queue at midnight Inst night near Kendat on the male

fim of Tennesee Wi Wrong Remark Innd to Bootland and over. Shap

lams's "Cat on a Hot Tin Roof" and Mr Guiness for

London, Dec. 27. - Convict applause came to a

his role in "Bridge on the frosty llence yesterday when a River Kwai," for which woman chorister closed a enrol he has already received concert at Pentonville Prison by

saying! PL na Oscar award.-China |**"Good-bye, see you all again Mail Special

next year."--UPI

Foll

A heavy transport carrying the paint caught fire,

The

Every few minutes, there was fi explosion accompanied by a

way of burning point. road was at allght: 80 Ferds from the Jarry, China Mull

Special,

The Atlas satellite pictured, hurtling through the skies over Austin, Texas on December 10, The orbiting third stage appeared to be tumbling as it pursued its west to east courus across the southern horizon. The irregularity in the sirenk is due to camera vibration during the ilme exposure. ~~ UPI Telephoto,