1959-09-17 — Page 9

Page

‹ THE CHINA MAIL, THURSDAY, SEPTEMBER 17, 1959.

EQUITIES VERSUS BONDS

Both In Equal Demand When Prices Warrant

London, Sept. 16. The Radcliffe Report points to their in- clination towards equities, the small demand for shorts (contrasting with the compulsive buying of shorts by banks and others who must have liquidity), the strong appetite of the investment trusts for dollar securities, the backwardness of the unit trusts relative to the United States, and the latent institutional demand for bonds as and when their yields become more attractive than equities.

Against this but were the findings thal the report's

continuing expectation decline in the value of money has become

at

a

stronger than

C

has been in time of peace for several conturles drive

Chat Be

5/11

ден into equities indpercently of laBallon fears,

on that all of it has in balance i been

redirection: N

bmy. As In

America

new

onc

at

may wonder how, if they over mwitched old money out bul ko nuities, the equities could be found."

Not Bargains

the

While

not to bonds tre regarded as friendless al right prices, their present prices are not necesarily bargains.

If they do nderiety well. equities should slotstrip

them,

In the present worldwide thalange of cogitat and after the.

the investment revolution, curvat Lonci yield of five Britain, cent ar EU In per Germany and America is by no means necessarily too high.

to

Rubber

Market

Review

Singapore. Sept. 17.

New York - Wall Street Continues

Cotton Market

New York, Sept. 17. Colfon futures today swit-

ched over to the reac- tionary track after a previous two-day

vance.

де

Closing Ch a resellon the

a slowed net losses of four to 12 points. The market open- ed up one to off three points. New Orleans closed off three to 12 points.

further sizeable

In quel dealings, the marke! settled back by easy stages after a mixed start, yielding ground in face of

cut in the certificated stock and a good-sized gain in domestic mill consumptions Di raw cotton.

RAW COTTON

Ex- The New York Colton chate zervice bureau estimated domestic ure of all raw veiton In August reached 700,000 bales, and up 30,000 bales from July

011,000 bales campared with used in August, last year.

To Be Neglected

New York, Sept. 17.

The stock market's attempt to rally today ran aground on the shoals of

neglect.

The upswing in prices early in the session petered out when follow-through demand failed to develop. A number of issues closed below their highs and some saw early gains converted into losses.

The eletronles made one of Dupont de Nemours

the bed showings with Lition Fartman Kudak

El Paso Natural Cas

only Finance Corp. Firestone Tyre Rubber First Nat. Cuy Bank

closing with a gain of around ctx. A few of the drugs also closed with good gains. Over- all, most of the major groups Ford Motur

Georgia Pacine were ingular at the finish.

General Dynamics tu Trading failed

match | General decirte (yesterday's pace s Investon tieneral Froua

held to the sidelines pendik Gen. Fub. Util. clarification of economic and political uncertainties. was witch another thin market in

buying

belling limited

J10

IL

brought about some sharp price changes.

Today's volume was 2,180,000 shares.

Of a lotal 1,179 issues traded 470 were higher and 408 lower. American Exchange volume was 930,000 shares.

Band volumes amounted tu $5,770,000.

Standard Oll of UK

Stawiant Oll of

Stel Co. of Donade Riet Rock

Sterling Drug to.

Atokely-Van Camp.

Stone & Webster

Sturtlebaker-fackard Corp.

Sunshine Mining

Swift & Ca

*p

%%

1201

43

403

77

Texas

134

Thickel Chem.

:

Tide Water M. Oli

24

Thine Inc.

G. Tyre & Hubber

Bit

Tri-Cont. Warrant

Getty Oil

Twentieth Century Fox Film

Bich

Glidden Co.

432Union Carbide

Goodrich In F.) Co.

Balon Out of Cal.

Goodyear Tyre

Union Phele Railway

Graman Alrerak

Hammond Organ

General Motors

Did Ou

Heyden Yewport Come,

Homealake Mining Co.

Idalo l'ower

Impertel Ol

Ingersoll-Rand

Inland Sicel Co

Int'l Bussiers Machines Int'l Harvester International Nickel

1201 22

United Aircraft

United Fruit

106nited GAS Corp

54.5. Foil

t1.5. Gypsum

U.S. Rubber

TRANSPORTATION

RADIO SURVEY SYSTEM FOR

SEA CHARTING

THE

HE Royal Australian Navy has placed an order for a "Lambda" radio surveying system. Developed from the Decca Navigator, the system is designed for fixing the position of survey ships engaged on the construction and revision of marine charts.

over the By permitting accurate fixing in operation

North without and navigation

de- Atlantic.

An earlier version of Lambda, pendence on visibilty, the elec

ironte surveying system avolds known as "Two-Range" "Decca." the delays which used to cocur is in use by the Hydrographic

when mist or fog obscured the Services shore beacons un which survey Canada, ships

relled

for

their position,

determining South

of Great Britain,

New Zealand, and

Alrico. Installed on

The new techul- Board the oceanographle vessel que also enntiles

I recently enabled accurate Calypso,

Jacques Yves surveys to be carried out tar Commandnat

even Cousteau to survey the path to beyond horizon distance: when the ship is as far as 150 be followed by a pipeline to between miles from the two Lambda carry natural gases "slave" stations set up on shore, Algeria and Spain. DE

50%

16

tf., Smelting

37

U.S. Skel

303

4024

U.S. Strel PC FF

130*

Warner Bro

409

Waukesha Motors

436

43 Wertinghouse. Air Brake

964 Westinghouse Electric

International Paper

12915

West Va. Pulp & Paper

4710

Ut!

Dow Jones closing were: Average cally

was 30 industrials 35,000 bales, vs 32,500 und 32,200 20 all bales, respectively.

All 15 utilities

3 stocku based

four-werk AL

41

averages

Intel & Tel

32. | Winn-Dixie Stores

4334

Johna Marvelike Co.

Woolworth (K. W.)

Kaler Industry

101

Zenith Redlo

032,41

Kanana C. Power & Light

D

-UPI.

154.50

Kennecoll Copper

012

noa Kinberly Clark

1Jgett Meytes Tok, Co.

2,21

period.

L'OITRI. future

price 17330-20

140.7,

lly Tulip

34

Littion Ind.

ver

arc

UGC

The certifleated stock of raw

1,883 The market was marked cotton decreased 349 to

The open position L down at the opening on balen

today totalled 93,503 U.S. and UK stockpile October

First October notice day announcements and there will be September 24-UPI. after eased further stale bull selling.

on

At lower levels liquidationS were well absorbed and prices ridlled slightly.

Very quiet in the afternoon with little business. Some short- tuwards the close covering carried through into unomewi trading hours and the market's Anal levels were about 3% cents below Monday's.

to still had Lower sheets come by and most buyers would not meat sellers ideas.

In New York, the rex rubber to 65 futures today closed 50 points higher with sales of 148 contracts,

In some developing countries which affect to regard it us

• extortionate (because it used be lower and becatre Moscow charge less in suppooed

though it certainly does not) the trio, equilibrium rate might Today's snap-back reflected be much nearer the double technical reasons and covering Bare yields that the Intern by sellera. In the spot market. tierul Tine Corporation tries the blg Akron factories were to charge.

still in a cautious mood.

demand While a reassembly stable and there was evidence of a definitely

bond improved reasonably aleorptive marke is a reasonable hope,aller factories attracted by the the authorities in the leading centres would be so surprised in the investors If bonds staged uny notable advance. -

From

but

the

recent sharp decline.

In the

market, shipment brokers reported a fair moderate ashes worked. Reported sales included some three umbers out a1 35 cents and of Indonesia three browns at 34% conts pound. Spol No. 1 Rss war proted at 30% cents.

Li

As the Rudiviffe Report coolly remarked, the move towards equities need not be dangerous ankite resullcant rise in bend

In London, the rubber market was steady with spot quoted ni yields "cannot damage tconurie

31 cents. sthee it is merely uctivity"

additional In Amsterdam, the rubber To the attiaellvents that equilics have market was stendier today-- eqquired-China Mall Special, UPL

response

AGREED MERCHANT RATES

The Hongkeng Exchange Bunks Association announces the following agreed merchant rates;-

N.Busing tales for Sterling Letegraphle transfers, and bills may not be quulest better than for delivery ready up to twee months furward and thereafter at 1/4 of a penny tiger for a further three months forward.

Sterling Felling rate for delivery within two months with a cut of 1/32 for a further free intrttis faward.

The buying rates for sterling bills on UK and Eur:pe quoted above are air melt rales, and are not applicable where instructions are at Kayment of acceptance may wall perival of enrrying steaner.

MINIMUM DUYING

ider, without L/CT.

1/3 1/32

1/3 5/10 120 days

Sterling On

J Europe 1/32nd Jugher

turn

MAXIMUM SELLING

Sterling

1/1 7/8

O.D.

1/5 1/14

10 3

30 daya

1/3 1/8

1/3 6/32

co days

1/3 3/16

1/2 7/24

3 days

1/3 1/4

Indireel

Demand

London late)

1/2 7/8

1/3 3/32 1/3 0/222

5/12

O.D. without 1/Credit

avery 30 days

Sterling

1/2 7/8

(West Afrina. West Indies

17/0

South Ameries & Fiji)

Kubera <kndia)

& 9/14

03 5/10

37,0

O czym

Sterling

(East & South Africa & Adeny

Rupees (Perslan Guif Forts)-

Rupes (Ceylon)

#1 1/

Tupees (Pakistan)

Kyate (hurma; Rangouni) 82 9/16

O.D. If under L/Credit

OD. If under L/Credit OD. Without L/Credi

3/32 up every 30 days

84 8/10

TIT.

1&2 30 daya"

3/4 90 days

BILLSON AUEN:.

If under LC: higher

Without WC: 'ʼn hifter

3/10 higher than the rate for Bills.

on Aden,

83 1/4 T.T.

قة

OD

30 dara

TT.

Q.D.

78 30 days

1 Gay

Q.D.

bales.

Malaya To

Encourage

Investment

Closing Prices

Abitibi Pwr. Paper Aldea Ine. Acy. Algoma Weel Corp. Allied Chemicals

Alted all Inc.

Allis Chalmers Am. Brake Shoe American Airline Cable American

Cer

Aunerican Cyanamid Co. Amer. & Forgn. Power

Am. Gas & Electric Am. Home Prod. Am. Mach. & Fúry. American Metal Am. Naturai Gas American Smetting Am. Sugar Ret. American Tel & Tel American Toeb Anaconda Copper Armco Steel

Lockheed Alreraft

Loews Incorp

Le Star Cornent C. Lawrnatsin de Sons,

McDermott J. Hay

McDonne Aircraft

Minnesota Mining

+34

10232

Mesabi Iron Corp.

4112

Mission Development

ZAP

Radio

5512

Monsanto Chemical Co.

Montgomery Ward

Motorola Ine.

National Birull Co.

National Cash Her. "A"

National Dairy Prod.

4014 National Lead

National Steel

New York Corp.

Neranda Mines Ltd,

Norfolk & Western By.

151

87

23'

423

North Amer. Aviation

27

Northwest Airlines (Com)

*3233

Om Mathieson

[K7.

Öts: Elevators

203%

Oxton Paper Cu.

Armour

21:4

Parle Gas Fire.

Atlas Cons. Mining

Pan American Airways

142

Paramount Pictures

451

Parke Davis Co.

Peuny J. C. Co.

17

Bethlehem Stee! Boeing Airplane

Bank of Montreal Kuala Lumpur, Sept, 16. Beneficial Finstice Tho Malayun Government Benguet Cons would

encourage the develop ment of a money market and stock exchanga Mr Tan Stev Sin. Finance Minister patch.

He said the move would en- courage investment of "under the mattress" money,

Borden

Thel Co Burroughs Add Machine Brush Columbia Pwr. call Packing Corp. Cara Bk of Comin Campbell Soup Ca Canadian Pacife R Case

1.) Co.

Cat. Tractor

Celanese Согр.

C. I. T. Fanolal Corp. \ STOCK EXCHANGE Chrysler Motors

Cluett Peabody Colgate-Palmolive Co. "In this connection the Gov- Colombian Carbon Co.

Commercial C ernment would welcome and in- dved encourage the develop-oldalce Edlan

Continental Oil of Del. Crown Zellertalch ment of a money market and

Sugar Cubon Amer stock exchange which would de much to accelerate the indus-amond Alkall

Diarmund Gard trial development of the coun-

Dominion Stores Dow Chem.cuis try."China Mail Special.

1b,;

Yesterday's Closing

זיןגן

Owen-Linals Glass

Penn, Salt Co..

Pitney Bowes

M15 | Procter & Gamble Co.

21 Pittsburgh Plets Glass

Publicker Industric 3335

291 Pure

37

Radio Corpuration

021% Radio Corp. Pref.

45

302

Jinytheon

Rep.ble Steel

Heynolds Bictal

10% Royal Bank of Canada 701Sears, Roebuck & Co.

312 Shell On Co.

5413

Safeway Stores

471 Schenley

Saint Reg.

Paper

Inc.

a7

Scott Paper

Sinclair Osi

62%

ولا و الوان

Smuth, Cline & French

Socony Mobil o

Bolor Amerati

South Puerto Rico Sugar

3425

London Closes Higher

London, Sept. 17. Sentiment improved today on the stock market as most prices closed higher, led by buoyant Industrial list.

Steel shares paced the higher Industrial market. Motors and electrical equipment shares ad- vanced, Imperial Chemicals was a good spot in the chemical Ist.

Oll stocks were mixed with British Petroleum and Shell Lalling around one shiling

Gold Blocks were higher, rub- ber slocks drifted tower. Gill-edged securities higher.

were

Germans advanced in a mixed 44 foreign boną market--UPI.

Southern Co. (Thes

Southern National Gas

Southern Railway (Com)

13% Standard Branil

Standard Oil of Cal.

4914

COMMODITY PRICES

SUGAR

NEW YORK

Closing prices all in cents per

Contract No. 4 (world) Ort: 3.12:

15; Marel:

Spo:-(.0.b.

3.10; May! 3.17:

Oct: 3.3 Cuba): 3.15.

Toini Hales: 556 contrasta. Open Interest: 7,784 contracts.

Contract No, G (domestic) Nov: 6:02; March: 6.17. Mav: 5,50 Sit-(C. 8.7, ex-duty): 0. Total Balce: 173 contracts.

1.351 contracts.- Open interest;

UPI.

METALS

NEW YORK

Clasing prices, all in cents

per lb.:

Lead

Sept.

Out

Zino

Begt.

Ocl

Copper

Supt.

Oct

Tin

Sept.

Oct.

LONDON

BJ 7/16

3 13/16

730 days

14 1/4

D0 days

84 11/18

0 days

Da 1.2

63 7/10

24 1/10

00 days

43 5/10

03 1/2

63 750

54 0/10

06 days

BA 3/4

Malayan Dožira

02 7/0

B3 7/10

63 3/4

30 daya

DO DAYS

17 0/10

THT.

17 5/0

QD

30 days

Tin

17 3/4

do days

17 13/10

10 1/2

10 3/4

T.T.

10 13/10

Q.D.

Spot

1/0 0/10

TIT.

3-inatt

11/10

O.D.

Lead 2 half

New Zealand Pounds

1/2 12/10

1/3 3/14

T.T.

Exept.

1/3 1/4

C.D.

Dec.

Zinc Ind heli

Dept.

V.B. Doliars

17_5/10 (Firat calendar month free of Penalty lereafter 1/45 down for each calendar guontist.

Australian Pounds

Canadian Dollnes

Belts Framed

Bouth African Pounds 1/2 27/22

Belgian · Stabes

053

W. German Deatachsmarka TR 7/10

J7 11/10

RUBBER

Oct.

Doc.

March

MLY July

NEW ORLEANS

34.20

32.13

12.70

12.21

30.12

Closing prices all in cants per

31.35

Closing Prices

Gedged Bonda

British Transport 3. 1071/20- CUG-0/10.

Console 24% —£51-7/10.

Comics - £12%.

Converulen

CM4-1/10.

Fu

Loan

-£63.

Funding Stuck

3

1963-

2. IDSA/B--

31/200-|-

Funding Loan 2. 1060/90-- Col.

30

32.03

NEW YORK

Rex rubber futures closing

1b.:

Spot

prices, all in cents per 1b.:

Oct.

Dec.

Sept

36.50

March

Nav.

35.15

May

Jan,

34.50

July

MIT

34.00

Ool.

May

33.30

Dec.

July

33,09

Sept

SAO PAULO

(Closing prices all in cruzeiro

SINGAPORE

Closing prices all in Straits per kilo).

cents per 1. f.ob. Malayari

ports:

No. 1 Oct,

102-107

Nov.

100-12

No. 2 Oct.

101-1024

No. 3 OL

No. 4. Oct.

iSpot rubber unbaled

100-1011 99-2014 1007-007!

Hanket crepe ...

09-10:

No. I pade oreos

113-115

LONDON Closing prices all in pence per lo

100

Dcc.

March

70.500 unquoted Average price in U.S. at 14 designated spot markets: 31.77 cenis.

Total sales: 42,717 bales..

LIVERPOOL

· Closing prices all in pence per 16.

March/April

Savings 3 1955/65-00-3/10. Savings 3 1UCANTU-CRL). Savings 3, 13/15 25M

BANAS

Borelay Bana "A" Lid ord-3«. Chartered Banke-48s zu xu. Hongkong-Ch

Insurance

Union murance Canton-£5%-

Aberati and Alolote British Mutor Corp,

Ford MutuT CO-TRI, Brownplea

"Ord-17

Distillery Co-–291, dd,

Building and Materials Associated Portland, Cement--03:

Pinchin Jonnion Associates Ord

Coal Steel and Enginearing Babcock & Wilcox Ltd 47 10d. Vickers Ltd-30s 06.

Food and Tobacco. Brita American Tob. Co..

Imperial Tobares

5 34

4tyd.

Co., Ltd-52

The accuracy of the x is for

superior to that of the astrong-

mical observations which £100,000. Order

formerly

the only

method

of determining a anip's position

when out of sight of land. This For Marconi

means that the depth soundings

which the ship makes, which are

the basis of the ses chart, can heTHE Marconi Interna-

plotted correctly

and that in

1

addition the whole process

greatly speeded up,

PORTABLE

THE

tional Marina Commu- nication

Co., Ltd., has an-

nounced successful conclu-

sion of negotiations with Polish organisation

The two portable slave stations the

are transported on board

the

surveying chip and erected on CENTROMOR (Contral Im- of the port and Export Office for shore for the duration

Marino Equip- survey. Permanently installed Ships and on the ship is a third transmit-ment) as a result of which ter (the "master") which uses Marconi Marino havo PC- a 45-foot stern-mounted vertical

an order for over

to

aerial mast that is now a dis-ceived tinguishing feature of many sur- £100,000 worth of marino

In the chartradio equipment, veying vergels. room. B receiver drives two Under this order transmilters, clock-like dinis which indicate receivers, direction - Anders, continuously the distances from echometers and other equipment the ship the two thore will be supplied to provide com stations, thus giving a

plete radio Installations for 24 The chip- range" position-x. barne equipment, also includes ships to be built in Polish ship- version of Decca's yards for delivery to indonesian the marine

vessels are which owners. Two of famous "moving pen"

of 10.300 tons, four of 4,300 tons, automatically draws the track seven of 2300 tons, and the re- the ship is following and maining eleven of 900 tons each. enables her to be steered exactly

Delivery will be effected as along the parallel Unes on which

the required by

purchasers depth soundings are made.

An interesting feature of the during 1959 and 1000, and the Installation of the equipment is new Lambda system is that, in

Polish to be carried out by to extend the operating engineers who will Arst spend n order

to meet the needs of range

short period in the U.K, on a oceanographle surveys, I incor porates some

of the electronic training course, iechniques

used in the Decca NECOTIATIONS Navigator Company's "Dectra" air-navigation áld which is now

that

Techniques In Shipbuilding

cargo

TIE 13,800 tons (deadweight)

sile scrow reoer vessel Silverbeck, built by Bor trum word Sons Ltd., South Dock, Sunderland, for the Silver Line Ltd., London,

launched recently. In common with all

was

manager, to went

Negotiations began when Centrumor delegation visited Chelmsford in March to inspect the. full range of current Marconi Marine equipment. The

sales company's export

MY H. C. Maguire, Warsaw in May to Investigate in detail the Polish and to formulate requirements

quotation, the acceptance of which has now been consirmed.

Details of the equipment to be supplied to the various classes of (ship are:-

Eleven yesels of 100 tons

| recent vessels bullt by Bartrams will each havo an "Oceanspan she was bullt with the use of VITH mein transmitter, "RCM optical marking equipment and liance" emergency transmitter,

malit receiver, the Monopol automatic plate "Atalanta cutting machine.

All stee! "Alert" emergency receiver, keying automatic device, "Lodestone" direction-

platos were shot blasted before "Aulokey" installation.

Extensive ure was mode of finder, "Seagraph 111" cehmeter, portable 0 Salvila electric welding in the construc-and tion of the Silverbeck, rivetting transmitter/receiver for lifeboat

lo the use. being confined mainly Lid-connection of framing and tank Seven of 2,300 tons, four of the outside 4,300 tons, and two of 10,300 longitudinals to

tons will cuth have a "Globes- shell, beam knees, and relatively

"Ata- unimportant structional items. pa" main transmitter,

She is powered by four lanta" and "Electra" receivers, cylinder Doxford opposed pisten Alert," "Autokey," "Seaguard” airicas injection balanced oil auto-alarm, "Lodestone." "Sea-

diaphragm type, graph 11" and "Salvita," engine of the having two lever driva scaveng

The engine is ing air pumps. designed to develop 4,400 bhp. In continuous service when run- ning at 112 r.p.m.

LaceUnoE Boardman Karden Ltd 29 70. Best Oxygen Ltd. Ord-GGI IK}, Canadian Paside Hiv-$10!4. Dunlop Rubber CoA

Hongkung & China Gas--13. Imperial Chemical- Ed. Lyons & Cu-70# 4954, Collever Ltd-112. fibel.

Paper

30.

Bowater laser Cian Ord-65# 'KLÅ.

Radio and Electrics Auocialed Electric-60 Electrical & Musical-35s 7156. English Electric Co.-6.

General Electr=-40%,

Shipping

Indo-Chins Bleam Nav. Co. der New Shipping

P&O Steam Navigation dat ord

American Contract

Oct/Nov.

21.70

No. pot

03-5214

Dec/Jan

21.14

Settlement have term:

27.23

Oct/Dec.

311-31

May/Jung

21.00

Jon/March

3015-201

-300

July/Aug.

21.35

April/June

2021-2016

Oct/Nov.

21.10

July/Sept

11.03 im

OcL/Dec.

271-2720

Mixed Contradi

General markola, c.lf. basis, ports:

Oct/Nov.

Oct. 11.30 Nov.

11.30

Estate repo

this Pop

3415

30.38

Wilck Sopi,

304-3032 29-4-201

સ

30.30

101

AMSTERDAM

Closing prices all in gufidera

per kilogram, c.lf. Oct.

Dec/Jan.

March/April

May/June July/Aug Oel/Dee.

101.25

No. 1 rubber

No. No. 3 rubber

rubber

Buyer Sellers

79914

713

704

TOTAL

295 nom.

2:53 min.

2.01 TURN,

340 nom,

-UKI

Closing prices, all-in sterling No. 1 cape per long top.:

Spot 3-month Cupper

COTTON

NEW YORK

Closing prices eil in cents per Onl

Ib.:

Spot

251

22.30

21.75

21.45

UPI

EXCHANGE

NEW YORK

Closing rates;

Canada: 1.0013; others unchanged.

LONDON

Closing rates:

New York Montreal Amsterdam

Kilken

2.00 3/8-2.001/3

Stores

Great Universal Blores “A”—M 4lid.

Marks & Buzzwer Lidl-10#, Woodworth? W. & Do-Blk 711⁄2d.

Textien Coats J & P Ltd-50 Bd. Courtaukh Ltd 10.

J

Anglo-American Côẹp

Atrics-2029 Od.

of

Company

Frigate's

Steam

And Gas Turbines

THE keel of a Tribal

Class, general

purpose frigate, was fald at H.M. Dockyard, Portsmouth The Hague, Sept. 16.

September 7. She is to have Americon indus- propulsion_machinery of a Trialist, Me Edgar Det- novel kind, comprising com

on

Southwiler announced here today bination of steam and gas now turbinep which sets a new Hie formation of o

Cons Goldfields of South Africa.or 0 234.

Cam Zinc Carp. Ord—is 34.

De

eers def-750.

Free Blate Development & Invest- mar-tead.

Hongkong Thi-ka_?!4d-

Petaling Nedo Jes.

Had-

Bouthern Kinia Cons Licht. Union Corp--21a.

DA WEAT

shipping company-Amori- standard in flexibility of

can Européen Lines N.V.

to

control.

The ship will be the fourth This company Interas build and put in service be of her class and like her sister tween the United States and ships will be equipped with Europo four big liners et 120,033 main armament of two 4.5 inch The liners will be gune. To complete, her general tons vach. Coldmining built by the Vertomo United purpose potential, she will have tubes, anti- and | 21-fneti tomedo Shipyards at Rotterdam

amortars and A will have a cruising speed of 35 submarine helicopter. knots.

Tires other chips of this class They will be able to trans- port 8,000 passengers each and are under construcllon, includ

of 2,009 mening Ashanth which was launched carry a crew

Went

Driefontein

West Band Cone-22 dd.

British Borneo Petroleum Syndicate

Petroleum Co, Lad-82 d.

Raya Dutch Petroles-£16-7/18.

--fleuter.

Brid

2009/10-200_12/10 | fat 10.50 3/4-10.50 20,01-30.01 1/4 1700 173-1740_3

*UPI.

*PE SEI-BULINTER

AFP:

in March;

·