1959-11-02 — Page 1

PHILIPS

(nfraphil)

Indispensable in every home

KEEP FIT FOR ALL SPORTS

GILMANS GLOUCESTER ARCADE

THE WEATHER

Moderate oxsterly winds. ́Freshening from the north. Fair and warm becoming cloudy and cool with occasional rain this evening.

LATE FINAL

CHINA MAIL

No. 37503

Established 1845

MONDAY, NOVEMBER 2, 1959.

Comment BANK EXPLAIN

Of. The

Day

MOVE

ON INTEREST RATES Only Some

CARS IN THE Have Gone Up,

NEWS

TUST how much of a change

Britain has undergone

Says Manager

in the postwar years SUFLIK most clearly emphasised by Mr Macmillan al the opening of bal month's The

motor show when ho pre- dicted that in ten years' time one family in two will have a Cir. It points to two things: the British people have never been more) prosperous, and the British motor industry has risen to + position of pre- eminence which can be re- garded as one of the biggest.

stories of the cen-|

RUCCCAM tury.

Not only has the home market absorbed cars of all sizes and speeds in growing aum-| bera, but the overseas de- mand, even from countries. which have established their supremacy in motor-cur making years ago, provides staggering evidence of the Industry's versatility and high reputation. This year, Kritain seems iu haye broken all records.

Mini To Mighty Nolly

TOT only is it the biggest

By A CHINA MAIL REPORTER

partial increase in interest rates decided upon by the Hongkong and Shanghai Banking Corporation aims at employing money to the best advantage.

HK STOCK

MARKET DECLINE

Mr R. G. L. Oliphant, Hong- kong Manager of the Bank, told this to the China Mail this murning but he added: "per- tainly the increase is not gen- erak"

Mr Oliphant was clarifying statement nude by the Chief Manager of the bank, Mr Michael Turner

Saturday night that "there may be a slight Increase In some of the

00

Tight Money

Buyers deserted the Hong-rates of interest."

kong stock exchange this] morning following the news of the increase in interest rates.

The market which averaged $3.9 million turnover last week could do no more thun $187,000 worth of business this morning.

On thes

lost, Friday before trading exceeded $3 million in a single day, the highest for 10 years,

Declines of from three to ve per cent were recorded in to-

multi-million pound orders Bui most counters were which have come in recently ignored and only in electrice was ahow that there is no other there any real business done. country in the world cater-

ing for such a variety of tastes. In range,

Triin 19 New Charges

cars run from the amazing little Mini-Minor to the mighty Rolls with prices to suit practically every pocket.

Consistently the great men who have guided this in- dustry have with few notable exceptions put their faith in medium and samli sized cars. How right they were was shown earlier this year when the mighty auto tycoons of America turned to the production of a new line of "compact" cara.

A Wide Choice

Nfacturer

TOW one British manu- has taken nn- other step into the future with form of automatic transmission for a 1500 ec saloon. And the reader who makes study manufacturers' literature today faced with such wide choice of care

1

Against Solicitor's Clerk

"There are very

large de- mands for finance due to Indus- trial expansion in the Colony Dad money has to comme frou somewhere," said Mr Oliphant.

"As money is 4ght we have

to unploy It to the best ad-

vantage of the Colony. Mea Ume inflation must be curbed." Mr Oliphant said the intresse will apply to certain types

ccounts, particularly overdrails on current accounts.

of

But there will be no increase on rates to trade and industry," The siressed,

The bank will consider whether increases in rates of interest should be charged ac- cording to declarations made by the borrower, he said.

"For instance, rates will be increased on money borrowed fur mon-business' purposes."

8 Per Cent

Mr Oliphant Sald that Th increase inay Ko to make the total rate charged up to eight per cent per annum,

"But many banks in the Colony charge more than eight per cent," he said.

It was understood that some

Price 20 Cents

Relaxing At 85

SAVE HUNDREDS OF DOLLARS WITH PAN AM'S NEW *FAMILY FARE" PLAN TO THE USA.

For full particulars, phone 37031 PAN AMERICAN

The author, Somerset Maugham, relaxing on board the Laow while being interviewed by members of the press yesterday. Mr Maugham is on a holiday tour of the Far East.-China Mail. Photo,

Somerset Maugham Tells SUCCESS IN

Of A Secret Regret

And Talks About "The Painted Veil”

remained "I wish I had doctor for a few more years," raid the 85-year-old, author.

British author Somerset Maugham, who gave up a medical career to be- come one of the world's most famous writers, arrived in Hongkong teday on the French liner Laos—and revealed a secret regret.

"I wrote my first stories when, will leave Hongkong tomorrow 1 was 18," he said

on the Laos and. spend one "When I was 22, a medical jinonth in Japan.

On his

way back the Liza of Lambeth. It was ne French Riviera, where he has a cepted and happened to be a villa he designed himself, Mr sacress, so I continued writing, Maugham will drop in at Burma

"Critics consider my best book and Thailand, to be Of Human Bondage, but my favourite is Cakes and Ale,

which I wrote in 1920.

Nineteen new charges, involvingod the ten per cent mark in the "It would have been useful, as student, I wrote my first novel

monthly rates of interest reach-

solicitor's Colony.

a

a total of $500,000, were pre- ferred against clerk already awaiting trial on three charges.

The clerk, formerly employed by the solicitor's firm ot Wilkinson and Grist, is Lam Chun-kit, allas Stephen C. K. Lam.

only doctors ses human beings, This did not necessarily reflect as it were, in the raw. a business prosperity in Hong- "They have a deep experi- kong, commented Mr Oliphant. ence of human nature, I'm sure

He did not deny that quite ait would have helped me." large umcunt of money would be affected by the measure of partial increase in rate,

But Mr Oliphant emphasised that this was not the first time

Д

Retired

But the author of 28 novels, 20 plays, and 104 zhort stories "It sounds a lot, but don't forget they are the result of 60 years work" sold he otherwise had no res grets about becoming a profes-

Slonal writer.

Razor's Edge has sold most cople."

Mr Maugham revealed that He was originally charged with the bank had taken such

his novel Painted Veli was originally set in Hongkong, but obtaining money by forged | step. "It's just that interests

the Colonial Secretary thought document, uttering forged have to be changed periodically

it was a portrait of himself, and documents and possession of as the situation arises," he forged documents.

sald.

threatened legal action="so 1 Mr Maugham is on "senti set it in a fictitious country; I "As conditions warrant it. Detective Sub-Inspector Lai

this increase may later be with-

Journey" re-visiting į invented a name." mental Kim-hung today fubmitted 19

drawn.

"Actually, anyone who So one muy as well places he saw 35 years ago. additional charges against him. call it part of the normai

weeks in Hongkong the "cognises himself in my books

pretends

annoyed--but fluctuations," he concluded,

used to go to places where I thought I would get materialcretly they are delighted." for books," he explained

Chartered Bank

of The new charges included Larceny by servant, simple larceny, cbtaining valuable The Manager of the Char- security by false pretences,

tered Bank, Mr A. O. Small said obtaining valuable security by his bank "will also give the

with 80 many admirable features, that it is difficult to pick the best without regretting discarding the second best.

He said he spent several

be

Advice

He offered this advice would-be authors:

Tthe

to

"I was a writer in those days now I have retired-put up a forged document, possession, matter consideration."

the shutters and closed shop," "You must get all the exper!- of a forged document and con-

He said that recently money

Mr Maugham, whose latest ence you can. It is no good spiracy to obtain A valuable

literary was "very tight" in the Colony.

work is a book of waiting for experience to come security. by forged document.

"Usually the bank rate in essays, despite the fact that be to you, you have got to go after

has insisted for some years keit. The defendant is alleged to have Hongkong follows the Bank of

But this time the in- how frished writing profes- "Write as simply as you can, committed the offences be- England

the trip was without frills." To indicate the change that

April, 1957 and July crease in Hongkong is quite asionally, said tween

I am not "purely a holiday.

Mr Maugham, who has overtaken motoring in

wears a this year.

gathering material."

single eyeglunes hanging round Britain in the postwar years

hla nock, said he only had one worth noting that No plea was taken. it is

hobby lett-playting bridge,

"Wo have been extremely

whereas in 1946 one in ten He was remanded seven days by Mr T. L. Yang at Central Magistracy today.

families had cars, now it is

one in three and a half. The

level of wages and the price

of cars in other countries, such as America and Ger- many, enable a person on average carnings to buy

D

car more quickly than his British counterpart, but the fact that it now takes only 10 months of avorayo Britain is earnings in a remarkable change from only a few years ago.

!

4

Growing prosperity is con- tributing to what Mr Mac- milian described in his motor show opening speech pa "the most vital and buoyant Industry... in our national ecosomy." It is today at its zenith-and home and world demand suggests that it will be there for many years to COMIC..

· GRAVESIDE

CRASH: ONE DEAD, 11 HURT

New York, Nov. 1.

A car ran out of contro Lodny and careered into, a group of mourners stand- ing beside a grave in a semtlery.

One

was killed and 11 people Injured.

Police said Jacob . Bòrg, of Elmont, New York. apparently lost control of his car while Äriving on M road In ML Carmel Camelory--UPL

local issue," he added,

He though! that other banks woul also conder · similar matures,

He did not want to etherate further.

First Stories Speaking with a stammer, and

There has been a rocard boom partly deaf, Mr Maugham lean-lucky on this trip," he said. "We la local share prices in recented back in an easy chair on tho wealta,

"I the

drek and reminisced about his manipulation gocarly days.

everboard, it may not be very wholesome for the Colony,"

Lone informent who refuse to

be identified told the Mall,

China

Actress Loses Paintings

Hollywood, Nov, 1... Renoir's "Gabrielle” and Maurice Utrillo's "Montmartre Street Scene" were sunang: more than $76,000 worth of pafotings, jewels and furs stolen from the home of actress Martha Hyer, police reported today.

Police said the theft from tho Bel-Air home of the blonde actress was discovered ourly this morning when she returned from a party——UPI,

to

Woman Who Abandoned Child, Given $50 By Court

A woman who admitted aban- doning her two-year-old baby girl because she had so little

Brzd WILD money

cautioned given $50 from the poor box by Central Magistrate, Mr T. L. Yang, today,

She was 31-year-old woman, Lul Ngon-you, of 245 Des Voeux Road West, second floor.

After seeing a Probation Officer's report, Mr Yang told the woman that the Social Wel. fare Department would offer her and her children help

At a previous hearing, the woman had stated that her hus- have played every day."

band earned $80 a month and Accompanied by his private that they already had three accretary, Mr Alan Scaric, he ¦ children.":

FERDINAND

‘KIDNAPPED —HELD

FOR WORTHY CAUSE

Benson, Nov. 1.

The owner of Ferdinand, the too-benzil- ful bull, announced today that Ferdy had been "kidarpped" and helj for ransom in a worthy : CREO,

News of the kidnapping came in the midat of controversy over whether Ferdinand, who once food death bemuse he was, too beautiful, war being used an 'a' psibleřky stunt," Ferdinand had to be oporated on and *Eransformed into a baljosk to avoid, ulangier,

The London Daily Mirror, which bought the ball and thereby sayod jis: 116, said Ferdinand was inkan front & sinil in Oxford- shire sod thĩa mode' wag létt? behind)

"This is to inform you that the bullock, Ferdinand. has been kidnapped, and is being held for, ransom in áid of the British Empire Cancer Campaign. He will be well oured for."!

But, socording to the Mirror, Il is pre- cisely the question of "care which is wOTLY- log veterinarian Jólin Holmes, who hug, boon watching over Ferdinand since the operation tast week.

Holmes was quoted as saying: “They (the kidnappers) cannot possibly give him the,care, he needs. That bullock could be in grest danger if it is mishandled or bubiped around in a truck."--UPL

GROWING MUSCLES

Newcastle Upon Tyne,

Nov. 1.

A team of doctors carrying out research here into muscular dystrophy today claimed they had succeeded in "growing” murcies in a chemical sointión for three weeks,

dystrophy Muscular

hereditary disease marked by wasting and stiffaem of the muscles.

A spokesman for the team at the Royal Victoria Infitinazy said: "The stage

have reached is in advance of any research anywhere else in the world. Wo feel we are ahead of everyone else."

He said it was the first time that muscles had been "grow,” The experiment began a year Bro when three mios afflicted with the disease were sent to the hospital from America, The spokesman said: "It will

tako

#000 time before

wa come

within sight of belag bla

normal

to restore the growth of muscles, but we feel very encouraged by our acklovements.

Two New Schools A Month Opened Says OAG At Speech Day

New schools are now being opened at the rate of one every two weeks, Mr Claude Burgess told the annual speechday gather- ing of King George V School this morning. "This figure is quite fantastic anki

you wil

Iprobably think that have got my deelmal point in the wrong place, or something. But I fa trus: two now schools in each month."

Mr Burgess said this in the COUTO of an outline of the sweeping developments falding place in Hongkong

He urged pupils to get to know a litle more about what is going on here and to under- stand it.

STRAIN

"It is all very well to go a bit weak at the knees and shake with a sort of jellied patriotism when people sing 'I vow to thee, my, country' or 'Land of Hope and Glory-but what about the country you are in? Does that not call for a vow or two? Is there nothing to extol in that?" Mr Burgess told the gathering that a million people had moved Into Hongkong from China In recent years. They could not be. accepted

without an almost critical strain on accommoda- tion, jobs and living space.

"Amongst a million people of this kind you would expect to find 380,000 who were children, 47,000 who were old and de- cropit, and 20,000 with TP_et alone other Iiscuss.

"The total of these figures is Just over 100,000, and we can therefore assumo that of the million people who came to Hongkong, some 400,000 were, people who not only could not earn their own living, but who necdud some special form of care besides, like, schools, hos- pinis,

clinics, oid people's homes and so on.

TIME HAS COME He said that the tune Jung cone to think of the people whe have sought refuge in Hongkong less and less as re- fugees to whom we gave shelter, and more and more as --- well,

just people our people."

In

as

the last

"To accept these people your own, ist therefore, quite a problem, and it is a problem to which a lot of energy and effort has been devoted. eight or nine years.

"I sometimes think that the problem and the way in which it has been tackled is something unique in history, something that has never quite been done bo- fore in the world.

"This Colony to faced with an enormous problem and enor mous dilleulties. I do not think it is possible dor anyone to see Just where the end lies, or junt when all that we have to do will be done, But that doesn't

“However, we want people with | matter.

the disease to realise that wo are just in the experimental stage."—Reuter,

Children Hurt By 'Bomb'

JOB TOO BIG "At the moment the job is too big to worry about com- pletion." "We have our heads down and when you have your head down you don't noo the end of the line.

"And on the whole, I think the way in which the job is being done is slowly earning us the admiration of the whole world.. At least that is what some of the ·· distinguished visitors see from, time to time tell me."

One of Hongkong's grent needs ža to be known and understood in the far countries Four children were injured of the world, said Mr Burgess,

by flying glass when one

He called on those puplis of them set off a "home whose horses are not in tha made bomb" on a rooftop dors on the's return to their Colony to act as young ambas- in Wanchai shortly after homelands and make Hongkong "better known and better

2 p.m. yesterday.

The children were Chen Wing-† understood" in all the countries. kok: 12-year-old boy, Chen of the world,

Wing-yim, buy of ax, Chen Nu-

heung, 5-year-old girt and Mok Kwuch-chiam,

Handshake a girl' of tour,

neighbour of the first three. They were all vent to hospital.

Chen, Wing-kok plekod up Home unexploded recrackers

Record

Notingham, Nov. 1. from the street and put them in “Am. 19-year-old economica a bottle.

student at Nottingham Univer- Three other children; Iooled j'alty today said he had a stiT on' while Chen ignited the fre- | arm and tennis elbow!!! after crackers.

shaking hands with '9,001 people Firecrackers and bottle 19 and breaking "ahardabake re- ploded and the next moment cord set by American President saw," the "four children lying | Theodore Roosevelt in 1907. bleeding on the floor.......

The American President ebook Chéo - Wingskole was blùred 'I hands with 8,530 people all in most seriously in, the head and, one day, in: 1907—while he was Momach; while the other children stillerying, as the nation's received slight injuries,

Chief Executive.-Router.