1959-07-15 — Page 9

Page

THE CHINA MAIL, WEDNESDAY, JULY 15, 1959.

OUTER SEVEN' MAKE

MAKE PLANS TO FORM ECONOMIC BLOC

Rival To Common Market

Wider Free Trade Area Visualised

London, July 14.

HONGKONG NEW YORK MARKET FIRMER BUT QUIET

STOCK EXCHANGE

Our Own Corapondant,

Business done on the Hong-

kong Stock Exchange this morned

$1,775,000. Noon quotations and the maming's transactions

Share Buyers Sellers Hiples

945 932.3 103 039

DANKS

IF the current talks are successfully concluded, the European Common Market will have a rival in the field next year in an association of seven mounted to approximately countries known as "The Outer Seven" or "The Stockholm Group"--who have banded together for the mutual abolition of tariffs and trade barriers. Jík Dank..

The luat big obstacle was would increase trietton, and INSURANCES

Union the hope that Lombard... he expressed overcome last week when

nailons might will reach

SHIPPING Free Britain satisfied Denmark

Wider agreement on

Waterboat. 2018 that she would benefit from

Wheelnek

DOCKS, ETC.

Trade area,

an

Duck Provi

Talki

n Free not

the new free trade associa

Germany did everything tion. This Was a case of could to prevent the breakdown. What learning from pust ex-of the PTA talks but in the endi timin new political the big decided perfence, for one

blocks to the approchement with Frutice was stumbling

nore important conskiera proposed European

Hon. Despite very real technicul LAND, ETC. dieulties that emerged during Hotel Trade Arca-though

Land one on which the iden final- thanse talks-difenllies which ly tripped and fell-was Britain's insistence on the exclusion of agerienlturai | Frams's “all-or-nothing" stand guBBER products.

In that

Britain WHE Justified in her attitude by the firm and binding arrangements It has with Cominonwealth og

And the cultural producers.

new arrangement with Denmark will hurt neither the Comm- wealth nor the home suppliers of the British market,

Readiness

Nevertheless her readiness to make concession:

shows the!

by the way look like being overs come in a similar association of Humphresa the "Outer Seven"-it WAN

Hrnky

Amalg

tlus Pause the breakdown.

Trut Now there are hopes that

A. Tawa.. Frowe may be willing to modify UTILITIES

Me Hubert de Fran her demands. Beach, ehter Swedish delegate and Chairman of the Stockholm talks, has said that France, with Star Ferry her growing economie rezovery, showed signs lately of

beral attitude.

Younəti

C. Light

more

The West German Finance Minister, Herr Franz Etzel has

said much the same thing Blectric different words. By joining the introducing Common Market, Britain is willing to go a long | non-resident convertibility and way to ensure the achievement | Feliberalising her OEEC imports Macao E.

economic objec-as well as a great part of her of the wider

dollar imports, France, he multi

Ilves

The ministers have been at Phas made a notable effort to paina in the past few make her economy fare inter- great days lo convince British national competition. Interests that their farmern will not be damaged by con- exporters, cessions to Danish The

be entirely cunt wil berne by the Exchequer that

Next Move

XD......

по

S

་

0 40 14000 640 23%) 0.40

103 104 1450 472

12.70 10) 12.

14.73 199

ניו:4 404

12.00 12.20 SUKI

32 341

་

REN

28 2020 032

New York, July 14.

best, featured

Life Saving

Equipment For

quiet, Swamp Work

A few wide movers, topped by Motor Products which rose

more than 14 points at its firmer stock market today.

The market apparently sccm-

to feel that the steel nego tintors would be able la avert a Atrike and I did not get the im- pact of an announcement saying cgotiations had broken off be- cause it came Just at closing

Steel sanres enjoyed a better Autos moved higher market. under the lead of American Motors which was helper! by news the big three nute makers have no cancil station wagon 10

to their compact Cars American has a popular Rambler station wagon.

Allled Clemical

Allled Mille Inc. Allis Chalmers A10. Brake Shoe |American Akime

American Cable & Indio Corp. Ainerien Cyanamit Co.

Power

Asner, de Fectric

Am. Gag & Am. Home Prod, Am. Mach. & F'dry

American Meta

Am. Natural Go Amertean Smelting Am Sugar Ref. American Tel & Tel. Amerie Tab. "" Апоесться Сорраг Aribed Sterl Arnour

Atlas Cens Mining Baldwin-Liase-Hum. Rally moved up fraction to faltimore & Ohio more than a point. Electronles Bank of Montreal Beneficial Finance rusisted wide advanem. Many Bendix Aviation Corp. 31.30 specials se to new his.Benguet Cona,

Aluminiums. repehed their best Bethlehem Steel levela of the year and ceppo Borden (The Ca. Improved. Olls declined, irregu» Burroughs Aeld Machine

Brit Amer, Oll larly.

1145 m. 35łą 243545 19.10 1630 300 winzi! 1.625 | 63 ganar... 165

3,025

3.80

Today's volume was 3,230.000 4.arcs.

Of a total 1.219 issues tended,

juran 2.475 | 522 were higher and 435 lover,

A 275

24.10 29.30 1050 20.10 Sex 28.20

200134

American Exchange vodune

was 1,100,000 shures,

Bond volumu $5,000,000,

Boeing Airplane

Calif. Packing Corp.

an. 1. of Coun Comphell Soup Co.

Canadian Pacte n.

Case J. 1.) Co. Cat. Tractor

Celanese Corp.

C. 1. T. Financia: Curi

a

117% ! Cobal Amer Guitar 437% Diamond Alkall 327% Diamond Card

Douglas Aircraft

31% Dow Chemicals

10% | Dupont de Nemours

Eastman Kodak

54945 | Grammar Aiverait

271

Interhemical Corp.

FOUR-year-old company is putting on the overseas market a product which is designed

to save the lives of airmen whọ crash in swamp, marshland and quicksand.

Many lives have been lost be

cause rescue workers have hnd

to effective way of reaching the UK Air Exports

cene of a crash in swampland,

or having reached the scene,

have been unable to remain At Record Level

there for a long enough perlod

36%% to carry out rescue duties.

7231

The product consists of 160 484 lengths of 3 ft wide

mud-

URING the first five

this year,

matung." Each length weighs UK aircraft industry expert: about 4 owt and, rolled, can ad moro la a month than it be carried by me aan who con did in savon works a bare kick it out in front of him as he

two years ago. walks across awumpy ground.

42 WILL SUPPORT

1001/

1200

The January/May total of more than £78 million repres The matting will support con- sented an annual rate of some compared with stlerable weights and as many £173 million, Journeys as may be mesemary last year's record £154 million without and a monthly rate et almost to carry out a rescue

This has been inch or £15 million. slaking more thon twe. The rescuers mey get achieved in spite of revision by Lead up to their ankles, but very the Board of Trace of the sys

tem by which aviation exports little more.

are calculated.

0191 | Eastern Airline

14

DE

50% El Paso National Con 2001

3115

Family Finance Corp.

Firestone Tyre & Rubber

147

First Nai. City Dank

03

02

Ford Motor

43th | Georgia Pacife

31

General Dynamics

በ

General Electrie

100

General Fuoda

93

011

General Motors.

1034|| Gen. Tyre & Rubber

301 Celty bil

20

12

Glidden Co

17

Goodrich (F) Co.

40

Goodyear Tyre

Gulf Oli

1134

Di

Hammend Organ

53%

1

leyden Newport Corp.

Homeslake Mining Co.

331

Hussan Refrig.

EO

Idaho Tower

2211 4734

Imperial

41

Ingersoll-Ranch

05

Inland Stre! ».

64

400 Eng's Trustsena inchinven

446

50%

Jati Hoevealer

2226.

laternational Nicket

Joj

117

tulerantional Paper

1221

Int'l Tel. . THË

Corp.

5214

John-Marville Doi

Gi

Chryder Motoru

20

Kim C. Power & Light

mounted

Curt Peabody

47

Kennett Copper

100

་

Colgate-Palmolive Co.

304

Kimberly Claời ...

26

42 limitilan Carbon Co.

407

Liggett Meyers Tubi, Cu,

01

Commercial Credit

$5

Lly Tullo

0716

Contidated Edison Continental Oll of Del

Lion Ind.

1201

5014

Lockheed Alryrati

It is the idea of Mr Walter Wilding, 40-year-old managing director of W. F. Wilding, Lid,

3022 Crane Co......

D114

Loews Incorp.

Crown Zeilerbach

Lone Star Cement Co.

Lowenstein & Sons.

McDerinal J. Ray

McDonnell Aircraft

Merabi Tron Corp.

Minnesota Mining

31sion Development

Monsanto Chemical Co.

33

712 53%

Montgomery Ward

Motorola Inc.

National Biscuit Co.

43

National Cash Reg. "A"

60%

National Dairy Prot.

52

NaUonal Steel Corp.

New York Central

37

Norands Mines Ltd.

1960/90-

Norfolk & Western Ry.

North Amer, Aviation

47

Northwest Airlines (Com.)

413

Olin Mathieson

52

781

Owen-nola Glass

Oxford Paper Co.

34!!

Pacific Gas & Elec.

to

Pan American Airways

2014

Paramount Pictures

40

Parke Davis Co.

44

Penny J. C. Co.

1137/

Closing Prices

AlsiEIDI Pur, & Paper

Alden Lux Aey.

500 20.10

124

174 115

204 114

1 1830

3500 m 18.30

18.30

10

10.30

Aigura Steel Corp.

1000

10,30

1200 180

2500

20.20 26 10

1000

V.60

Telephone 27.00 28.10

33

18,20 5000+ 20,10

36

400 20.20

50062 20.20

3000 201

500

527 50

41003474

16.00 16.70 150 RO 14.70

13

16,70 13,03

0,13

INDUSTRIALS Cement STORES, ETC. Dairy Watkin And he believed the chance

L. Craw. association for a mititi-laterni Luc consumer between the Common

Market COTTONS

Textile XD through operation of farm

countries and their Europenn subsitles.

partners would be increased as the French balance of payments | Nensing ... 10.79 improved.

is to say

]

This may be an but the fact that any concession was made As the at all is significant,

remarked Financial Times welcoming the accord with Den- who, buy mark: "Countries British have the right to export that Britain buys their products even though they happen to be egrinitural ones.

Within the framework of obligations enter- ed into the past, this should surely be accepted in policy in the future,"

Britain's

have Britain's nogotiators actfully avoided antagonising the country's form vote. But the significant thing is that the risk was accepted as part of the price of reaching an agreement on the "Lite Free Trade Arca." The Importance of this is not so much in the immediate ad vantage to be gained, as in the of the "Outer strengthening Seven's" bargaining power negotiations futuro

with the Common Market countries.

A Bridge

The seven countries concern- ed are Britain, Sweden, Der- mark, Norway. Austria, Switzer- Land and Portugal. Filand is possible eighth. The seven have of 85 a combined population million people and Import some £3,000 million worth of goods vach year of which Britain sup- plios 11 per cent.

one.

Market

X.Rin

Bonus

..11.68

33 ps-,... 10,70

INVESTMENTS Meanwhile the next move Auled XD resta with the Stockholm H.K. & F.E. Invest.

And no time is being TOUD.

The minister of Tost.

the countries concerned meri in Stockholm later this month to discuss the draft plan for a trading association drawn up by their experis.

Agreement erems errlain for buy are determined to put the plan inte effect on July 1, 190 —with an initial reduction of 20 per ernt in industrial tariffs to catch up with the Con Market's lead.--London Express Service.

lb.

な

Yesterday's Closing

......

04c.

53%2

PROFIT-TAKING

IN LONDON

London, July 14.

Stocks closed mostly lower as shares absorbed attens! Lear

profit-taking on the last day of the account.

Many industrials teok part in though vocal decline

the 2441450 leading Issues encountered buy- 150 120inst at the lower levels near the 500 18.75

Oll ares continued to clogs, move irregularly.

2000645

100006.07

4500 10

!!!!! 4 !

11

1

4

4 20

Coppers opened dull but par Bally recovered following a rise Gold shares

3270190 In the metal price, 400

closed mostly lower

Exchange Rates

Business

In the Was done

market exeliange morning at the following fates: US. dalle (per 31) Sterling notes (per £1 Australian notes (per 4:1 kdonesian rupiah (per 100, ginn leats per 100) Singapore (Straits)

lower

Di

Dollar locks tirified following Wall Street's pattern. Colton, shares fell on newn

Funding £90-15/10.

4%. Lonn

Basing 3, 1935/05-50-9/10, Savings 1000/70-82-11/10. Savings 33. 1965/75-79.

Banks Baclay' Bank "A" LAB, ord-57n. Chartered Bank-494 14.

£03%ce

Union Insurance Canton-£4.

Aircraft and Motors British Motor Corp Ord-145. Ford Motor Co-fa 3d

Breweries Distillers Co-- 2004

Budding and Materials

Porland Cement-644 A rocinted Tachir Juhneon' Areociates Ord

3d.

Ue government's plan for scrap-| od."" ping surplus coilun plants,

Government bonds improved further while foreign bondi staged a rally after yestentny's {setback.--UPI.

Closing Prices

Coal, Steel and Engineering Habcock & Wilcox Lid-19 Vickers at 1015d.

Irit

Food and Tobac

American Tob. C., Juli--

Co. Ltd-

50 Tobacco

focal

Giltedged Bonds Bellish Transport

Ed.

107 1123-

ART 15.07

Consola

Comely

Conversjon

1200

£7

3.75

41.02

1.01

1960-- 31.

Funding Loan 15, 1959/69— £DAY.. Funding Stock 3, 1999,2031- £74.

ور الارسام

COMMODITY PRICES

SUGAR COTTON

NEW YORK Closing prices all in cents per

Contract No. 4 (world)

It is therefore an important maricet, and an expanding But even more important, said the British Treasury last week: A Free Trade Aren of the seven countries concerned will serve as a bridge between them

the Common and countries

"Without mich a bridge" if terest: 2272 contact added, "there would be a reat risk of a reversion to bilateral trade agreements throughout western Europe and a tick of economic disintegration,"

Sept: 2.54; Oel: 2.0); Jan: 2.8 March 3.81 May: 2.00 July 2017 Sept: 2.24 Oct: 2.90: Spotif.o.b. Cuba): 2.70; Total Sale; 503 con- tracts;

interest: 7.725 Open tractes.

Contract No. 0 (domestic) Sept: 6.85; Nov; 5.80; Morch 852:

N.Y. ex-duty):

No one wants to see western spill into Europe permanently

two rival trading groups.

Bul

Le bit contraris: Open t

METALS

NEW YORK Closing prices, all in cents per

the end of the road had been reached in negotiations to asso- b.: ciate the rest of western Europe Lead with the Commoh Market of France, Germany, Holland, Italy, Belgium and Luxembourg, and a new initiativo was Imperative.

German Stand

10,70b

10.916

20.200

105.00

101.co

Closing prices, alt in sterling

It.

NEW YORK

Closing prices all in cents per

Spot: 34.50: July: 34.88: Out: 2.15: Dee: 32.22. March: 52.53: May: 31.05;

NEW ORLEANS July: 37: Oel: 30.40: Dec: 30.38.

Closing prices all in cents per

b.

Spot: 33.30; July: 37: Out: 32.15; May: Dee: 12.22: March: 34.82 32.00; July: 3224: Oct: 30.39; Dec: 30.30

LIVERPOOL

Chasing prices all in penes per lb.

American Contract July/Aug; 22.63; Oct Nov: 21.33: Dec./dant 21.03; March/April 11.25 Kay/June! 21.55; July/Aug 21,

Mixed Coniraet

July/Aug: 2243; Oct/Nov: 21.73; Dec/Jun: 21.40: March/April: 21.25: May/Jáno: 2133; July/Aug: 21.38.

BAO PAULA

All unquoted, Average pric's in U.S. at 14 designated spot met 33.76 cents. Total sales; 3,701 bales, ---UPI.

RUBBER

No. 1 July

No. 1 AuK.

Na, July

No. 3 Jub

No. July

Spot rubber unbated

Blanket erepe

No. 1. pale crepe

9734-03 17-07

16-0715

90-G

9714 34-90 10234-10415

Miscellaneous

British Oxygen Ltd. Ord-Con Jú, Canadian Pacine Hy-654!", Tunion Rubber Co-2s Cd. Hongkong China Gas-13. Import Chemical--is fud, Lyon & Co-60 60

Unilever LG-- .

Paper

Otla Elevators.

Penn. Ball Co.

Philip Marris

21

Until the end of 1988, the value of used aircraft exported won included in the overall While he was serving in Westure but this has been dis- Africa, he took part in rescues continued, starting in January of alrerews from aircraft, some 1959. The value of used agro- of which crashed in swampland engines sold abroad is, how- On theou occasions he got his ever, still taken into secount,

matting which

mien fo improvise a

branches, from tree worked reasonably well,

Five years ago an airliner erashed into mud by the River per cent Shannon in Elre, and

many

people lost their lives because rescuers could not reach them. afterwards on aireraft Shortly came down in mud near the River Mersey estuary arad rescuers and similar dificulties,

MATTING IDEA

The May figure, £14,726,082, brought the total for the first five months of 193D to a record £73,143,328, an increase of 10 over last Year's equivalent figure and no less than 70 per cent over the 1987 May five monthly total. The

follows: Agure was made up aircraft and parts £0,595,307; nero-engines, a record for the second month running, stored

electrical Lo £5,570,439; bliances £209,857; tyres £41,- 885; and aeronautical instry-

This reminded Mr Wilding of his malting idea trom his West mente £217,603.

201 African days, but he did

manufacturing it until LEADING BUYER this year when Ministry of Transport and Civil Aviation asked him for a sample to tesi.

the

sample length

-40

Indio was the leading buyer of aircraft and parts during May with £2,026,105, Argentina second with

£1,922,206, then

wirp-nelling. hessian and West Germany £918,544,

bamboo canes, and it was tested.

M

think

Pitney Bowes

1215

Procter & Gamble Co.

August

#ITL

Pittsburgh Plate GlasN

176

Publicker Industries

10%

The Oli

407

Radio Corporation

Radto Corp. Pret. ......

TIIS

He made his

Raytheon

65% of

Hepubile Steel

2034

Iteynolds Mela!

18712

Hoynt Rank of Cartaðu

1717

Sears, Bochuck & Co.

40:2

Shell all Co

Safeway Stores

313

purt, Liverpool.

Saini Reg. Paper

5013

Bitenley Inc.

30

FJ

Seith, Cline & French

50 airport 491 rushed

22

214 equipped with. the

and' rescuers

airport

Seat Paper

Sinclair

Siony Mobil Dil

Solo Aircraft ......

South Puerto Eco Suger

Bowater Paper C Ord-2 ed. Southem Co. (The)....

Radio and Electrical

Associated Electrical-51a.

Electrical & Musleni-437 0. English Electric Co 131 D.

General Electric-338.

Shipping pdo-China Stedin ord-Z.

& Steam Navigation def ord -315 101.

REDFEE

Great Universal Stores "A"-£38. Marks & Spencer Ltd. Woolworth F. W. & Co 19 0.

Textiles

Southern National Gall

Railway (Com.) the Brand Standard Oll of Cal. Stridred O'i of Ind. Standard Of of NJ, Ster Rek

Swift & Co.

2011

5715

Switzerland

£802,175, the

on the riverside mud by Minis-United States £729167 and try experts neer to Speice Air- ¦ Brazil £557,532.

Mister The

recentl

January/May

Soon afterwards an aircraft with two people aboard total of more than £73 millios crashed into the mud there and was made up as follows:----air- police craft

£44,082,147 and parts tender (compared with £40,458,088 In

mud-January/May 1060),

ances

асто-

EZEL matting to the scene. Rescuers engines £25,013,946 (£19,915,- worked on the matting safely 720), electrical parts and appli- and the police estimated that it

£1,082,661 (£1.358,485), withstood come 10,000 man- tyres £330,800 (£240,250) and 40 Journeys to and from the firm aeronautical instruments 50ground.

£1,-

The Ministry have bought 139,700 (£785,715). 2,100 yards for use at Speke Electrical paris, tyres and in- And since then Mr Wilding hostruments

showed a combined

had many inquiries, including increase of 32 per cent over one from the Canadian Govern. Last year's responding figures..

12

Nav. Co, det

Sterling Deng_Ch.

67%

Blokely-Van Camp.

10

Glove & Webstor

6271

Studebaker Packard Corp. Sunshine Mining ....

ja

in

Texas Co.....

70%

ment, and he is preparing for

extensive excursions into

the

Tide Water Ars, Oil

20%

overseas markets,

Time Inc.

In ndition, the

marutachures fire

Twentieth Century Fox Fi

30%

equipment

and is

Union Oil of Cal.

514

Coats J. & P. Lid-205 414. Coutands Lid-370 1193.

Mints

Anglo-American Corp of South Africa--101, 104.

Cons Goldfields of South Africa 746 03.

Conv. Zine Care, Ord-623 BJ

De Beers del-14.

Free Slate Developinent & Invest-

pencengat-11

Hongkong TIB—AN_Z150.

Petaling Tin-

LONDON

Closing prices

nil Art

per lb.

2836-2014

Rand-lies Det

Cond

2814-28 2813-2014

Unton Carp-07

04.

Wert

Driefont in

13 734.

West

No. 1 er spot. Settlement house term:

Oct./Dvs.

Jan./March

April/June

July/Aug.

Oct/Dec.

2014-2015 28-28 EX-201- General markets, c.lf. bands, ports!

...224-20

231-

July Aug pie ciept thin 113 30 Estate Crepe thick July 30

AMSTERDAM

Closing prices all in, guliders per kilogram, ei.k. July, No. 1 rubber No. 2 rubber No. 3 rubber

No. 1 crepu

2.70 nom.

2.74 nom.

5.72 nom.

2.98 noin.

UPL

FOREIGN EXCHANGE

NEW YORK -Closing rates; Canada Bland official

July

zind

Cuper

Bant,

July Hept

July

Scut.

Tin

July

The hope now is that once the

Bept.

Common Market digests the fact

LONDON

that Britain and the others' are determined to`go ahead on their per long ton. own, falks on a wider Free Trade Aren can be resumed In

Ruycra Bellery

& more concillatory atmmaphere. Already there la evidence

this may that Erhard, West German

happen. Dr

Chancellor and

Foot 3-mont Copper

Spot

month Vloe Lead int half

July Bronomles

Oct.

for

THE

720

prices, all in cents per Ib.:

21816

July 34.75 Bopt: 34.70;

Nov:

21614

2103%

5445: Jan: 34.25 March: 34: May: 33.63: July: 33.75.

New York

Moniteri

7811

BINGAPORE

Amsterdam

Frankfurt

formation of separate cooze-

July

7012

1012

104 ecata

mto communiiles in Európe {

-UPI,

porta:

חנית

Minister has sold that the Ime, ist half

100%

NEW YORK

Rex rubber futures closing

90-day other changed.

LONDON Closiner rates;

Closing prices all in Straits stockholm

per lb, f.o.b. Malayan Vies

Zurich

1.0435 2-B1%

алі эле

28014-2014

3.00-3.001 10.00-19.00

11.78-11.484

Southern Kinta

10..

Textron Inc.

Thlokal Chem.

Tri-Cont. Warrants

Union Carbide

Union Pacte Railway

United Aircraft

United Fruit

United Car Corp.

0.5. Foil "B" 0.9. Gypsum V.9.1ine Co. Lids.. Rubber

US. Smelting Geldmining-U.S. Steel

U.S. Bleel 7 PC. PF Warner Bros. .... Waukesha Motors......

and Con2-243 Bd."

British Borneo Petroleums Synel Westinghouse Air Brake cale-520 Bd.

Brill Petrolgym da., Lad-509.||| Burial-(E th

myal

1:14-20/02,

Dulch

Shell Trantport

-Aletifer.

Westinghouse Electric Western Union Tel. Co. West-V-Pulp-de-Haper Wim-Dixie Stores Woolworth (K. W.) Trading3311 | 26000 Radio

Petroleum

India was Britain's best cus- tomer during this period with

£7,081,242 werth fighting and

Company

of aircraft parts: followed by West

Boon to Germany

£5,241,813, Argen-

market a portable plant for retina £4,314,210, U.S.A. £3,536,›

Alling fire extinguishers,

Air Travel Fare Cut

Loudon, July 14.

14 THE British Government was

D4

today urged by the Air

079, Switzerland £3,279,517 and

Australla £2,684,689.

Holland-America's

League of Royal British Empire New Flagship

to take a firin ne with other governments

travel forca.

Bath

32214

Move To Modernise UK's

Cotton Industry

Manchester, July 14,

The Bret steps to reduco Bri-

tain's cotton surplus output before tho Industry modernised will be taken to morrow.

Ta

The move will affect spinning, doubling and weaving sections

to

reduce

sold

air

port of the committee FOLLAND-AMERICA publishod today

that Line's now #13 mil- fares on the North Atlantla lion flagship, the Rotterdam, roule could be cut by half of is being fitted out in the moro by making use of me Princo Bernhard Dock economic aircraft, China Mait

Rotterdam, Special

All-Aluminium Ship

The

When the inter the trans- Atlantic service on September → the Rotterdami will be one of the mat handsome and comfortable Hinora on

Carrying

Ark Kiol, July 14.

1,400 passengers300 in Ambau shipbuilding clans and 200 in touriát (class

of

of the industry. Officials and yards in Klel today announced accommodation at a speed that to make the schema eus that they were building a one about 22 knots, she will be the cent aluminiumnfth largest passenger ship th million spinning hundred per Dorful, six

reported the world and the largest in the spindies,

doubling tanker ship, it was 400,000

the enginer Dutch. marchant navy. apindles and 45,000 loami wilt here today. Only

manu- be offered to owners of milis will be non-alumintum affected by the schema. The factured-AFP. scrapping has March, 1900.

More than 1,000 firm will ro- ceive detalla of plans tald down by the Cotton Board to and outmoded axcass sorap machinery before new equip. Lord ment is Introduced in an effort to make the industry more offlelont and compăști

i

14M1-16509 | The Board's plans were drawn

72.56-72.50

12.11 17.1

➡UTI

up under authority of the Cotton Industry Act.

Rochdale,

at

boen kot

Chairman of Beard, sald that Industry cotton the Ipkes advantage of the plans

the Cotton unless

"13 OVER

cannot see that we shall

be able to pot Into a

All-Plastic Ship

rat Soviet ship mide entirely of plastic has been launched from a Moscow ship

position to bulla compact yard, according to the Soviet and melont industry."-ÚFI. Bows agency Tass,

A feature of the liner will be the twin exhausta with their "De Gauale cape, taking the piaco of the traditional funnet

The profitability or otherwis of the Rotterdam during the next 19 year will decide whe then the Tho's 38,010-ton 17kerý Amsterdam--now 21 veure old- will be replaced when she be-- comes too old for service.