1960-02-04 — Page 2

China Mail 德臣西報 中國郵報 All

1

Page Z

THE CHINA MAIL, THURSDAY, FEBRUARY,

THE RAIL STRIKE IN

STOCK EXCHANGE

London

The disastrous HONGKONG effect would

Wall

closes

be unparalleled

higher

London, Feb. 3.

The stock market moved ir- regularly higher today in response to Wall Street's rise yesterday,

Our Own Correspundet

mutinem adtle at the Hong- kong Stock Exchange this morn- fing amounted to approximately { $2,070,000, Naon quotations and

the mornings, transactions!

By AN ECONOMIC CORRESPONDENT

London, Feb. 3. Sullen and angry the 355,000 members of Britain's powerful National Union of Railwaymen have served notice on the nation that on February 15 they SING will stop work.

Dollar stocks recovered a lift | while -Industrials fullowed Monday's pattern of small-neule selling Interrupted by spurts of

lective buying International underground Nickel rose more than five on favourable dividend news.

Government bonds met steady Investment demand and showed

The crews of London's vital, railwaymen has an effect on the which have

of the nation economy system

could not be paralleled by the already this week staged a

other group of half-dress rehearsal which all cetion of any but paralysed the capital for 24 workeus. hours.

Dislocation

ז':

Khares Buyers Bellero Bales BANKS ICK Bank

1100 110s 50 ( 1260 INSURANCES Union

100 05 03 0535

Wheelock. 0.20 8.23 $ 9.30 1230 + 5.18 11000 0.15 1000 1 0.20 2000 er 0,20 300 67% 530 345

203 57

400 42

100 42

500 20 1500 D

Duck .....

8715

Provident.

Talkoo.... LAND. ETC.

Kate

17.00 413%

42

30 30%

Immediate effects are

and HK Lond

45 45 10035

500 g 48%

200 à 45%

The The railwaymen will strike

raise

of industrial

a slight hmprovement. January because they believe that they disastrous enough; an appalling gold and convertible currency can force the British Transpordislocation reserves figures had. no ini-Commission which operates the social life. mediate effect on the market.

State-owned railways to

But the long term effect of a their pry and raise It fast. Foreign bonds continued lile,

Put boldly lice that it sounds successful railway strike is fr

Inwore dangerous. while golds were quiet and like blackmail. But in fact the Because of the rigid unbudge- tended to enso. Coppers Jost

the Railway Unionable economie thinking of the leaders of around. Olla moved narrowly, have taken this angry decision British Transport Cominission Selective buying brought gains only after long patient months the resultant cost both the into some of the rubber issues during which they have had 10 loss occasioned by the Immediate while tens held steady.-UP

hold their own hot-heads in effect of the strike and the ad-

ditional wage moncy check.

won by strikers Is passed on to the customers.

Closing prices

Gitedged Bonds

British Transport 3

06-3/10,

Consols — £48-13/10. Convols 46-271-11/10.

Conversions Lan 315

£04/10

Bunstse

Lunti J+

£44-3/16.

Funding

Block 312,

100 1000/09 1900/2004

£70%

Funding Loan

4

1900/20

£02-7/14,

Underpaid

No Informed

objective ch

$500 GF 30

1500 45%

630 or 120

100022

100 22

1.45 1075 13500 10.0

2003 30.75

54000 1.6

45000 1.05

10000 16.TO

unphreys 21.00 22.40

Realty

RUDDER Anali..... Trunt .....

4.30

0.40

UTILITIES Tram

Yaumail

A

C. Light

30 331

144 133 10.50 10.70

3000, 3311 2500 or 2310

D-DO 133

Higher passenger and freight Sungala

10-person could fall to agree that rates are launching pads of our Britain's rallwaymen are jold bogey the inflationary spiral. with Goods cost more both at home Skilled mor derpaid.

service to their land abroad and it costs com- long years of

thuters more to travel to work. credit and daily carrying res-

for ponsibility

Ihousands

of In short the cost of living in-

creases. lives, they frequently are not much better paid than a superior shorthand-typist.

So justifiable were their com- an official comar plaints that :mittee was set up to inquire into

Savings 3, 1935/05-917.

Savio il 75-3/16

EKS.

Savings 3.

Banke

Chartered Bank-63

Hongkong-641

Lloyd's Bank "A"-00ɛ 3.

4.40 6.6004 (1.45

Electric

... 24.10 24.30

430.45 1000 14 5.43

200 10.00 1000 18,70 200 100 4700 + 18.00 2000 or 15.03 145 24.20 2000

New 12.30 23.10 2233 ja 22.00

1960

UK

Street fails to maintain gains

New York, Feb. 3.

Stocks fell back sharply today, with the stars of

yesterday's sharp rise blue chips and elec tronics taking the brunt of sell-off.

There was no follow through Benguet Cons

Derden (The) Co

ot an early attempt at third Bellehem Sterl straight advance, and prices Boeing Airplane fell back quickly from their highs, most of them into lower ground

British Aaner. Oll

British Columbia Elec. Traders had been hoping for British Columbia Per. repeat of yesterday's good Calif. Pacing Corp. Cons. Bk. of Cornis. performance

Brew.corn to get investora

Wick into a buying mood, but Soup Co

support was lacking and there was nothing now in the news to inprove sentiment. -

International Paper fell about three and Procter & Gamble around two to load the blue chips downward

Canadian Pacior It. case (3. 1. Co. ... Cat. Tetor

Celonese Corp...

C.

I

41

TRANSPORTATION

Britain regains

second place

in shipbuilding

BR

●RITISH shipyards have regained second place among the shipbuilding countries of the world. And with orders for more than 4,000,000 tons of new ships on hand they are all set to oust Japan and win back the title "Builders for the World," which they lost to the Japanese three years ago,

The total of 1,305,000 lons of

in Britain

was topped only by

Lons. West

33 Gemmany (1,202,000) tell back to

New freighters

Burroughs Ackl Machine

30

4134

36

29/2

33

shipping launched

20

last year

Japan's 1,715,000

third place.

43

6741

241

Our shipyards, with the work spread out unevenly, start this 524 year with an estimated order

book running at 2025 million.

THE

1

18

67

273%

30

776,000 foreign buyers.

This means work to build 498 which

tons nre

40

301

237

T. Financial Corp. Chrysler Molors Cluets Peabody Colgate-Palmalive Cu. Colomblan. Carbon Ca. Commercial Credit Consolidated_Edison Consumer Gu Steels featured losses of more continental Oli of Del. thàn a point in, Bethlehem, Corner Imperial Mills U.S. Steel, Lukens and Youngs-Crane Co.

Crown Zellerbach town. Motors lost b, good part Cuban Amer, Sugar of yesterday's good gains, with Diamond Alkall the top five producers all down Bond Gard..... more than a point.

Zenith and Ampex fell around in a weak electronics three group. Standard Off of California lost two in the oils, and metals featured losses of around two points in National Lead and Magina Copper,

24.30

Daw-Jones closing

500 e 24.30

1000 ** 2450

were:

1000 or 24.20

30 industrial

20

Tails

* 52.50

10

utlitics

180 2200

stocka

to

Maçao E... Tel

40

Bonds

33

1000 7 33.50

Comm. future price Index

14833.225 500 33.4D

INDUSTRIALS Cemen!

...

The effect of this is obvious.

immediately There begins

agitation for wage widescale increases to meet higher ilving have taken corts. When these

the railwaymen who Barclay'd Bank "A" Ltd, ord---dia the whole question of railway-effect

started it all look round men's wages and to makę re-

discover that they are back commendations.

13 where they were. And here wo it was months ago. And it will not pro-go again...... duce its report until March,

over ДП When negotiations

broke interim wage increase down (disagreement with two was the railway unions uther

National exasperated cuuse)

Ballwaymen threw

Insurance

Union Insurance Cantonm£5-15/16,

Aircraft and Motors

British Motor Corp. On—22) De Havilland Aircraft

Ford Motor C-1069 Bu

;

Hawker Siddeley Group Ord-3nton Holes Lad 10

Standard Triumph

11 11.

10

Kl.

Breweries

Distillem Ch–37«,

set up nearly

rational down the gauntlet

Building and Materials Asociated Portland Cement-109

Ord-30s

Well & Lead

Pinchin Jolineon Arcociates On

41.

Coal, steel and Engineering Rabcock & Wileux Lid-4Gİ KÜ. United Steel-2.

Vickers Did=35% <!e. -

Food and Tobacco

And unless something drastic happens in the meantime they will strike on February 15.

Frightful

No fancy

This is no mere fancy, Twice In recent history the economic wheel has so revolved in 1951 and in 1955,

In both cases the result was inflation.

That is why the present un-

happy state of affairs on British rallways must be of vital im- portance to all who are con-

STONES, ETC. Dairy

Watson L. Craw COTTON'S Textiles

The effect of much a threat ifcerned with Britain's economic Nanyang

like

21

well-being.

a nation out on carried

One thing acems certain: Britain would be frightful.

heart had That railwaymen's money will would be as if the

the body be increased. In his inescapable rest of warned the

to contain seemingly that on a certain date it would duty

inevitable

burge inflationary stop pumping fully.

Mr Heathcoat Amory Laces his

since he task

took toughest office as Chancellor of the Ex- chequer.-London Express Sor-

For few if any countries in British American Tub. Co., Ltd- the world can be so vitally de- railway sya- pendent on their

is Britain. The great Ltd-14tems as Cu

railway boom of the last een- wry lett Britain trellised with to the railway Unes patterned

Imperial Tobacco

Miscellaneous

Canadian Dielne, My--BALI.

Dan Rubber Commod

in Co. Lid. Ovthis. Dunlop Hongkon & China Gas-s

Imperial Chemical-Hed.

Boertman Marden, Ltd- Dei,

of roll- Fria Uxygen Lid Ord-85% 30, cenomic requirements of the

The location country. ways in turn determined in fair mensure the geography of in- dustrial development.

Because of the existence of such a railway system and due influence of ite opera-. to the tors, roads as trade routes were neglected for nearly a century,

Lye Cum77 6d.

Unilever Ltd-1308.

Paper

.

Bowalir Paper Cup Ord--74 34, Radio and Electrical

Associated Electrical-das 3d. Flectrical & Musical-624 10. English, Electric Consis, BU. General Elerriematu od.

ord- 4!1d

L

Shipping

Steam Nay. Co. def

P&O Steat Kavigation Tu-106 st.

Stores

def

Great Universal Store: “A”-09) Marka Spencer Lad-in 30.

Textiles

Woolworths P. W. de La-ols 13154.

Coats J&P 15-358 31. Courland Ltd-12. 6d.

Mines

Cons Goldfields of South Africa-

150 150.

Cons. Zitic Corp. Ord-14 Sa

De Berra steps d.

Hongkong Tin-G (140.

Petaling Ti

Hand--10

Southern Kinta Cons, Ltd- 305, Union Corp--80s 131⁄2d.

West Driefontein Goldmining-1 KG

J.

011

Erlich Hornos Petroleum Synus-

cato-01 oc

The resultant picture then is of a nation whose economie health is for the moment anyway inextricably bound up with her rallway system.

As a result of this a strike of

Rubber

market dull

Yesterday's Closing

700 13.30

50043.73 44 44

2400 44

1000 or 14.25 2500 v4 44!), 2300 m 44

Digülers-Beugrama

Dominion Stores

Douglas Aircraft

Dow Chemical .... Dupom de Nemoum Eastern Air Line Eastman Kodak

Paso Natural Gas Fundy Finance Corp

Firestone Tyre & Rubber First Nat. City Bank Ford Motor Co. of Cana, averages Ford Motor

Georgia Pacifie Generat Dynamics 630.01 General Electric 151.34 General Foods

5. Ceteri Motora 303.10 Gen. Pub. Vili.

Closing prices

Abitibi Pwr, & Paper Alden Inc. Acy,

Algoma Stect Corp.

Allied Chemicala Allied Mills Inc.

American Metal

Am. Suur Ret.

3000 M 9.00

1000 9.30

9.50

500 ** 15.20 2000 15.30 2900 @ 18.30

American Teb. Anaconda Copper Armco 'Steel

Armour ****** Asbestos Corp. Aline Cone, Mining Baldwin-Lima-lam Baltimore & Ohín Bank of Montreal Beech Lite Saverw

Ball Telephone

| Beneficial Finance

Bendix Aviation Carp,

16.20 16.30

MISCELLANEOUS

Vibro

15.70

INVEST

Int.

Alked

6.40

7.10 1000

$45

7.10 3000 7.10 8.30 3000 43

150 vt G

000 65

IK & FE

Invest

..

24.10 14.40 500 m 14.30

OLA! Ce Tyre & Rubber 146.77

Gotty O

*601

401

Gladen Co.

Goodrich (H. F.) Co.

Goodyear Tyre"

International Nickel

International Paper

Inst Tel & T

Johns-Manville Co.

Kaiser Industries

Kansas C. Power & Light

Kennecolt Copper

Kimberly Clark

Liston Ind.

2011

for Philippines

Tokyo, Fob. 4.

E first of 12 high-speed, freighton ordered by

ships of 4.169,000 gross tous, of the Philippines was lounched

forat

There is other good news to comic.

Within the next few days the 30 Ministry of Transport is ex- 24% peeled to call tenders for nuclear propulsion units for a British- built 85,000-ton tanker.

95

174

DO

49

42

ID

108

This will be followed within a few weeks by a Government announcement on plans for two

44 Atlantic super-liners to replace

the "Queens."

2110

73%

14%

41%

Kure, today.

The 11,500-ton dreikhter was christened the s.s. Philippines by Mr Jose 5. Rodriguez, Chairman of the Philippine National Development Co.

The freighter, reportedly con structed at a cost of $3,500,200, be completed expected to

Jo

by August 7. It will have a speed of 18.2 knots,

The other 11 freighters —

also of the same size - are now

being built in Japan.

The ships are not covered bý the Japan-Philippines Repara-

However, there is a word of tion Pact although vessels have

so warning from the Shipbuilding been built under the agreement.

+3

Conference which says ship-AP

building prospects cannot really

be sald 10 be measurably

"New orders have, in most cases," said a spottesman, “been

Airline traffic

taken at unremunerative prices conference

in the interests of shipyard pro- and ut duction programmes maintaining employment."

Japanese cars built in Holland

London, Feb. 3.

JAPANESE cars may soon

A SPECIAL meeting of the

con-

virline traffic {ference to discuss world air fare patterns after April 1 will be held in Paris, be- ginning on February 23, the International Air Transport Association, announced in Montreal recently.

Fares agreements for Atlantic

routes, for routes from Europe

Grauman Aromati

#3791

45

Hammond Cre

31

Diy

Heyden Newport Corp.

ram walker

11% brighter.

..................

346

364

Homestnice Mining Co.

Alla ChipimLATE

3813 | Idaho Power

47

3420 24.70 1300 de 24.83

1900 2,30

Am. Brake Steve American Airline

50%

Imperial Oi

21

Imperial Tobacco

500 + 24.70 1900 24

Am Cable & Stadio Corp.

Inser

American Cyanamid Co

FILM

Iniwad

Co.

Am. & Forgn. Power

Dit

Interchemical Corp.

Am. Gas & Electric

2000

1.80

Am. Home Prod.

16

Int'l Esh Machines Int'l Harvester, an

Ain. Mach. Tdry.

5481

2011

American Natural Gas

DES

American Smelting

3014

American Fel & Tel

#14

1Jgget Myers Tob. Co.

406

Lily Tulip

2412

Lockheed Aircraft

14

Loews Incomp.

Lone Star Cement Co.

Lowenstein & Sony,

35%

McDermott J. Hay

MaDomeli Aircraft

23%

Mesabi Iron Corp.

Binnesota Mining

20753

Minion Development

192

Monsanto Chemical Co.

5335

Montecatini

Montgomery Ward

Motorola Inc.

155

National Biscuit Co.

National Casti RCE. A

50

53bly of its Corona model.

National Dairy Prod. National Lead

4815

872

sedan built to compete with new

U.S. "compact" cars.

2013

So

44

Norfolk & Western Ry.

price has not been fixed, Eut

North Amer. Aviation

579

Northwest Airlines (Com)

trade sources belleve it should

20

Olin Mathiesen

4714

be in the region of £790.

Ole Elevators...

EX

The car will be marketed in

Oxford Paper Co.

47

A

Pacific Gas & Elec.

421

"Crown" and sales wil

Pan American Airways

19%

Parammant, Pictures

Parke Davis Co.

Common Market countries.

COMMODITY PRICES

COTTON

SINGAPORE

Closing prices all in Stralis

cents per ib tab. Malayan

ports:.

No. 1 Feb.

Mar

No. 2 Fet.

No. 2... No. 4

prives all in cents Spot rabber unhales

Blanket crepe ......

- General márkela, cJZ.- buste, porte:

METALS

NEW YORK

Closing prices, all in cents per

LONDON

11.50

11.50

12.00

National Bleet Corp

New York Central Noranda Mines

Lail.

Penny J. C. Cu Penn: Salt Co. Pitney Bowes Procter & Gamble Cu Pitsburgh Plate Glass Pre Oil...... Radio Corporation Bato Core. Pref. Raytheon

Republic Steel

Reynolda Metal

Royal Bank of Canada Bheem Mfg.

Bears, Roebuck & Co.

3046-47 Shell 011 29.

Closing prices, all in sterling per long ton:

NEW YORK

Closing

Ib

per lb.

Spot

215 nomNo. 1 palo crepe

Lead

Marchi

33.10

LONDON

Mar

May

33.18

Closing prices

ali in pence

May

Zine

July

21.03

Oct.

30.45

per tb.:

Mar,

Dec.

20.70

Mar.

3121

Мду

21.42

No. 1 sa apet...

Settlement house teren: Jan/Mar.

July

21.12

| Apr/June

33-351

33-33 55-6316

May

Copper

Mar. May

NEW ORLEANS Closing prices all in

July/Sept.

Oct/Dec.

cents

per lb.

Spot

31.50

Feb. Mar.

331-33% 331-2311

March

31.10

Estote crepe thia Feb....

thick Feb,

May

53.10

AMSTERDAM

Tim

Boot *-month

100

closed unchanged to 50 points lower with sales of 53 contracts,

July

33.64

Oct.

30.03

Dec.

59.77

per kilogram, c.lf Feb.

259

Mar.

3122

Mny

31.40

No. 1 rubber

No. 2,rubbe

350 buyers Land it half 3,24 buyers

2-month

Job,

7316

73%

July

31.14

No. 3 rubber

3.23 buyer

LIVERPOOL

No. 1 crepe

bil in Closing prices

EXCTICE

3.10 byers Zino 1st hall

-UPI,

Mary

Feb.

05

May

UPL

21.90

New York, Feb. 3.

Rex rubber futures. today

Terminal markol followed the lower trend of foreign markets, Wall Street commission housed were sellers on balance. Sono per ib.: Briti Petroloym Co., Lid-66e it pressure developed when Burmah-G9 34, - Royal Dutch Petroleum-19.1/10. stock market went into a new Shell Transport & Trading →→17728. retrent, after atempting to ex-

Ichi the

previous two-day

letter.

Exchange rates

the

American Contract March/April May/June JULY/AUR. Oct/Nov,

Mixed Contratt

rally.

Bic/Jan.

Currently No. 1 quoted at 30 cents.

R&B

wis

In Singapore, the market ruleil quiet with small interest

Business was done in the local in lower sheet,

for

market this exchange

A short-lived rally occurred the afternoon when prices 6.70 18 15.50 advanced to 11816 centa 1204 February, but Anal price was

50 23.05 bock almost to previous lovela.

moming at the following rates:-

U.B. dollars (për tij par* Sterling ten (per 11) "Australian notes (per £1), Indonesian rupiah), (per 100) .. Blam ticals (per 100) Singapore (trail)

Inter the movement was less active than in the morning and before omelai-close some up- country liquidations tendavá, tu

engines was shortlived.

Agreed merchant depress peles eighty

rates

West Denman, Deutelicmarks, 'MaRikum #QUIA 72 7730.

In London, the rubber msake! was easier with spot quoted at 35-3/10 penge.

In Amsterdam, the rabber market Win quiet Touny --UPI.

March/April May/June July/Aug Oct/Nov. Dec./Jan.

22.30

៩៥៩៩១ ឥពឥន

RUBBER

Fa8885 8688.

30

Closing prices all in guilders Copper

spot

SUGAR

NEW YORK

Closing prices all in conta per

Contract No. 4 (world

1bx

March

Flegit.

Oct.

Jan

MAY,

Bp.A.3. Cube} _azku

TOGA BRAN 30s rociliadis,

Hayere Sellera

FOREIGN ENCHANGE

NEW YORK

...Capging ritest

Cand

aod

England oficial

Availréžiu

50-

ジローロラリフ

Harz Zealand

Bouth Afr.)

Other unchangedan

LONDON

„Closing rates;

Now, York ****

| DĚDILIZIAT

Atsuperden

Frankfurt

NEW YORK Rex rubber futures prices, all in cents per la

closing

Upper Interest: 0.903 ostracts, Contract No. 8 (doméstie)

Mareli

1.00

May

0.57

Mar. May July

10.50

4.20

Out

Nov,

Dept.

Apoland Clt. Nam-duty

Huv.

Tötet Sales: 110 voskemota,

Milan

Jan.

ppen interest; 2,719 contracts,

Mar

BROCKBOLTS

Vietna

2.8030

Safeway Stores

Bit Reg. Paper Behenley Inc.

Boots Paper

Baith. Kline & French

Booony Mab FOU

Eviar Aircraft

Bouth Puerto Rico Bugar

Southern Co, (The).

Bouthern Natural Gas

| Southren Radway (Com.)

Sperry Rand

Standard Brands

Standard Oil of Cal. Standard Oil of Ind Standard On of NJ. Steel Co. of Canada Stoep Rock.... Serie Drus Co Stokely-Van "Camp.

Blane & Webster

Bhalobaker-Packard Corp. Sunshine Mining

B. Co.

Tents Co

Textron Inc.

Flokol Chem.

Tide Water Oil

Tune ine....

| Traders, Finanoo....

FTF Cont. Warrants

Twentieth Centiary Fax

1,00 1/10 on Carbide

Vulcer O11 of Cal, Union Paciiio tallway Unstid Ajmeraft

8020

23120

UN. Toll "B"

1.9, 07peuÍT UM Line Co. full, stubber..

Ug. Felling

US. Steel 200

1 P.C. P.F.

300 12/16-100 19/10 VAR FOR C

Wander)

| Warkentin Motors

Westinghours. Alr-Draku

Westerry-folors Tel, Co. Winkle Flores

| Zenith India

(R. (W.)

Far East End

be assembled in Hotto Africa, the lard, British trade sources Australasia, as well as trans- Pacific routes expire on March reported today.

131, and the airlines were un-

They said the Toyota Motor jeble to agree on now ones ut conference Company of Yokohama had de- the normal traffic

474 cided in principle to set up a session in Honolulu last October.

| Dutch subsidiary for the ossem-

The Corona is a six-cylinder KLM's U.S. route

far its European retail under

discussion

Washington, Feb. 3. MERICAN and

Durch

Holland under the name negotiators set another

bu and possibly final meeting

directed to all the European for today on the stalled dis-

cut in a number

airline

Japanose experts also ure cussions Over granting aludying the possibility of Holland's KLM porting the Dutch-assembled route to the U.S. West Coast. cars to the United States

There was no indication that The move follows

an exprogress toward grunting KLM's Lensive trado survey carried desire for a Los Angeles stop of Common has been made since the Market countries last year by negotiations Kot under way

ca January 7

Informants on both sides In- dicated that today's

meeting may be the last for the time be ing at least, unless there is un- expected, progréis.

a Japanese group.—AP,"

Struggle against

flag discrimination

London, Feb. 3.

A communique may be issued If the inceting does fum out to be the analc.

The talks have been in reccas since January 25. Since then the THE Goverriment zöld to-head of the Dulch negotiators,

THE

night it did not rule out Mr Efldert Stijkei, has been to the possibility of retallatory State, Mr Livingston T. Mer- Ebe US. Under-Secretary of measures against countries aliant add Mr. Raymond Hare, which discriminated against Assistant Secretary for Europesu British shipping.

Affairs.

The U.S.

-DE

position was Lant Chesha

Cheshain, Parliamentary ported to be the same as re- Sceretary to the: Ministry of |viously — that the Dutch have 40 Transport, told the House of no reciprocal offer that would Lords during a debale on the benefit American air carriers in shipping industry.

ang degree like the gain which The struggle against flag dis would come to KLM from flights crinitation lo not an easy, one. on the lucrative Lon Angelos

2046

It is easy to consider Whether run.-AP.

WC

to

resort should not retillatory IRESUNDS of one

kind and another.

We do not rule out the pos- Italian-Canadian

sibility that such measures may

prove

be unavoidable. It is

a matter we are considering at air agreement

the present time.”

But

first the

government

Rome, Feb. 3.

would need to consider veryTALY and Conado yentor- carefully, in conjunction with day signed a commercial the shipping industry and other air agreement, paving tho like-minded governments, what

the wider reperquinions of such way for the start of direct air & change in polley would to, services between the two 20014 he added-Reuter.

countrion,AP..

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