1960-03-11 — Page 1

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CHINA

No. 37611

Established 1845. FRIDAY, MARCH 11, 1960.

LATE FINAL

MAIL

Price 20 Cents

PAN AM

CLIPPER. CARGO

PHONE 37031

FASTEST DELIVERY

O

TO LEADING MARKITS

OF

THE WORLD

Comment Annual meeting of Hongkong and Shanghai Bank Of The WARNING ON HK's ECONOMY

Mr Turner's comments WEEKEND ARMS BOUND AND on quotas and tariffs

Day

Decision needed

TH

THE Chairman of the Hongkong Electric Com- pany has roglstered a pro- test against Government's freeze

on dividends and Asset M. Government's reasons for doing this are

disputed not

It WEN

casential to make this order following the recommenda tions of the Commission of Inquiry. But this cannot go on Indefinitely.

The com- pany quite rightly points that its ability to as a public com- operate pany is affected.

uut

Company

What Mr Tagg was in effect saying was that a decision on the Commission's recom- mendations must be mule HOOD..

Tho HK Electric gives no public hint of a compromise on its stand made during the Commission's hearings, which WOR nationalisation or nothing. Indeed it ampli- fics this by saying that Government decides on the former, the proposed terms of compensation are inadequate. Its chiot Jection is to the issue of

ixed-interest stock former shareholders, And there can ba no question that this is, to UND Mr Tagg's words, an "inequit

If the ablo" exchange. Electricity Authority is to replaco the two electric companies, shareholders must be compensated in cash.

hope is that, Govern- Tment Ppudinter the iden takeover.

of

there

JK

An Mr

Michael Turner suid at this afternoon's Hongkong and Shanghai Bank meeting, no reason to kup- pose that the creation of an authority would mean lower rates Lo the consumers. And we must repeat that privata enterprise with minimum Government con- trols to ensure certain im- provements suxgented by

the Commission should be able to meet Hongkong'a

needa.

At the moment there in 10 Indication of a move either

Government

the by

ur

electric companies to follow up the Commission's report. Logically the next step should come from Govern-

OUTING FOR

QUEEN AND GAGGED, BUT RITA CHASED ROBBERS

The Chairman of the Hongkong and Shanghai Bank, Mr Michael

W. Turner, today issued a warning to people who thought BABY PRINCE that Hongkong's present economic expansion must inevitably continue.

Speaking at the annual meeting of the Bank this afternoon Mr Turner said Hongkong was very dependent for its prosperity on selling its manufactured products.

MR M. W. TURNER

The best customers were likely to be those countries with the highest standards of living.

"It is therefore inevitable that, where those markets are, higher wage structures are to be found and many of the products exported from Hongkong offer serious com- petition to domestic industries," he said. "This has resulted in pressure being experienced for voluntary quotas or out- right tariffs to limit the volume.

"Most governments today are deeply concerned at the prospect of possible un- employment and are unlikely to sit by and see this develop without ranking some at tempt to stop it."

PROGRESS

Mr Turner said he felt that the dangers inherent in this present situation were not sufficiently appreciated in Hongkong.

London, Mar. 10.

The Queen will take her

first outing this weekend since her 'baby was born three weeks ago, it was learned tonight.

They expect her to drive with the infant Prince to spend

In line with Royal custom, no

at

by a China Mail reporter

A courageous 15-year-old girl chased after three burglars yes- terday even though she 'was gagged and her hands were tied behind her back.

The girl was tied up when three men, pretending to-be plumbers, entered a

Kowloon City flat and ransacked it.

She chased after them when] they left 15 minutes later, tak

the weekend at Windsor Castle. name for the baby Prince has yet been announced nor any photograph published. These events will come in time for the ing a radio and several hundred christening within two weeks. '

The Queen is already receiv-dollars.

occasionat

callers.

The girl was Rita Chiu Ling, Buckinghom Palace. This 15-year-old daughter of Mr T. morning she talked with Lord C. Fung, senior staft number of Scarbrough,

brought the Far East Oxygen and Acety- addresses of congratulation

lene Company in To Kwa Wan, the birth from both Houses of Kowloon."

In her reply to Parliament the Queen said:

Ing

Parliament.

who

011

"I thank you most sincerely dutiful for your loyal and address on the occasion of the birth of my third child.

*The assurance of your joy He said on the other hand overseas and your constant affectionate countries should also remember that Hong-concern for our well-being kong was a small manufacturing unit have deeply moved my husband which could only survive and find employ- and me and have added to our happiness in the birth of our ment for its growing population if it was

second on."-AP. enabled to market its products which "even now, account for only a small proportion of the total consumption of any import- ing country,"

Big international

gang of jewel

thieves smashed

London, Mar. 11.

An international gang of jewel thieves reported to be directly responsible for the disappearance of a million dollar consignment of diamonds to Hongkong, has been smashed,

This was revealed by the man responsible for smashing the

gang.

ment. The electricity com- panies

have anid their piece. The Commission hus spoken and ita recommendations He is Mr T. B. Miller, of 3 have been passed to those London Brm of Assessors, who, who

ordered the Inquiry. has just returned after carrying out an investigation into thefts Some clear statement of

diamonds valued at over intentions therefore must

carried £100,000 from freight come from Government soun.

by Bone and

Par

American This is what the electric aircraft. companies, shareholders and With him Mr Miller brought consumers

recovered eagerly back £80,000 of

Jewels. His inquiries have re- aulted in the recovery of Jewels and other property valued at hundreds of pounds sterling.

Meanwhile in Teheran, the Persian police have arrested several people belleved to be

members of the gang.

Unravelled

walting for.

are

New market

THE return of Dr S. N. Chat from Australia and his call for the establish 'ment of

trade office there as soon as possible should

a

The Daily Telegraph today Mr Miller, 10- win the enthusiastic support describes how with

Dougles Mr of local traders and manu-gether facturers. Import restric- Buchanan, a

Воде security

tluns which have provented cer, played a prominent part

a

NOW K

HAS A COPTER

LIKE

Mr Turner said although there was considerable scope for fur- ther diversification" a certain amount of progress had been mado.

He quoted ship-breaking as un example of a new major in- dustry and said that other new enterprises would manufacture air-conditioners, precision in- struments and transistor audios. A BREAK

Speaking on the Commis- slon of Enquiry Into the electricity industry Mr Turner said there was, no reason to suppose thai the proposed Electricity Au. thority, suggested by the Commission,, would be adie to charge lower rates than the

which companies would replace,

It

Iraq bans

Eden's

memoirs

the

Baghdad, Mar. 10. Iraq today banned

memoirs of Sir Anthony Eden, British Prime Minister during the 1956) Suez crisis, and ordered the conßscation of all copies of the book.

A Ministry of Guidance order gave these reasons for the ban.

author defends

im crumbling British

Mr Turner said acceptance of this recommendation would be a'

★ "The complete break with the Colony's traditional method of perialism; leaving public utilities to private enterprise, under conditions im- posed by the Government.

*

"Attacks cruelly and falsely the immortal "It would also be difficult for Ingi July 14 revolullon, its leader, General Abdel. Karim the shancholders of the com- Kassem, the Iraql Republic and panies to dispose of their Gov-treedom movements in the cmment stock except at a dis greater Arab homeland; count due to the known dislike

of the Hongkong Investor for

fixed interest securities,

“Defends

He ves in a flat at 24 Ying Yung Street, first floor.

-20

When the fueldent curred, Mr Fung, his amah

and children were AWAY from home. Only his 70- year-old mother and his daughter,, Rita, were in.

At about 10 am, three men knocked on the door.

The girl pooped through the spy-hole in the door and asked them;Who are you looking for?"

Pipes, they said

"The landlord told us to come here to repair some bath- room pipes," one of them re- pilai

"But there is nothing wrong with our plumbing," said the girl.

Britain short of

aircraft?

London, Mar, 10. Field Marshal Lord Harding, » former Chief of the Imperial General Staff, said tonight 11 would be rush to assume that | Britain. would never again, in different context, boome involved in operatlanu parable with Buez in a milk- *tary sense,

He was complaining during a the former House of Lords debato on de- leaders and Royal family fence, that the Royal Air Force of was "deliberately starved" transport planes.

"I hope that a compromise of the exterminated Iraqi ro will be found which will giveƒgime and

both consumers and sharehold-

IKE'S

ers the protection they should have but will leave the under-

Washington, Mar. 10. The Soviet Premier Mr

Khrushchev has

A

de

luxe, sound-proof helicop. ter just like President Eisenhower's.

Mr Khrushchev had a flight

lu Teheran In unravelling a Middle East network of Inter in the Fredential 'copter when national theft.

They first learned of the gang malibag containing when seven packets of diamonds dis- appeared en route to Hongkang from Antwerp Jewellers via Pan American Airways.

A

Now Russia has bought four American helicopters for

ilse

"Incites

of 1

But

it

was

Speaking of Sacz, Lord Hard- traltors and ing said Sir Anthony Eden had spics from among the written in his memoirs takings under their present followers of imperialism, inside shortage of parachutists.

the country, and outside

shortage and management"

work against the Immortal crippling was of aircraft. Iraqi Republic."—Reuter,

Reuter,

(Continued on Page 4, Col. 2)

Pilotless plane crashes

Carlisle, ·Mar, 19.

a much-needed trade drive into this area have recently

he visited the United States A pilotlees Royal Air Force 'jet been removed.

recently.

fighter crashed Into

A feld Australia has shown a close

near here yesterday 20 yards in and growing interest

behind a farm worker. things Oriental and

Pieces of the planie whistled should not take long for

by Mr Khrushchev and hils top ❘ past the man, 20-year-old David sides. Hongkong to establish

Then a second bag containing

Glendinning, as it disintegrated. worthwhile foothold down 13 packets of diamonds dis-

Some landed within two yarda Mr Vladimir Alkhimov, the of his tractor, under. It would be a pity if appeared while carried by Base

Embassy's commercial coun- The pilot and navigator, who any one group of manufac-to Hongkong from Tel Aviy

The investigators found their sellor, said the helicopters cost had baled out before the plant turera monopolised our ex-

about $2 million (about £714,-hit the ground, ndod clue in the second theft. ports.

They directed their investign-900), including spare parts. at a farm about two miles 'country promises to

Glodinning tions in Teheran when they dis- valuable new fold covered that both bags had been provide a

One of the helicopters, no badly shaken but unhurt. -- of enterprise and Hongkong handled at the Teheran airport should by now have learnteuler. from the mistakes of over- concentration of exports Britain,

and America Europa. Goodwill in important thing to estabilah at the outset, Thia should

This

In

be our aim in ponetrating this market,

Manila, Mar. 11..

A U.S. nirman stationed

at

nwhy. Mir

said, was a duplicats of the de- China Mall Special,

luxe cound-proof model used by President Eisenhower.

whtert

Kuala Lumpur, Mar, 10. The 12-year campaign apainel the Communiata di Malaya has cost a total of 11,041 Up, it wan sanounced here trifidit.

to the

BB IS NOT AMUSED

·Paris, Mar, 10. The Seine Tribunal today turn- 01 down. Brigitte Bardol's

the demand that

Charrier Bottled Water Co. remove 'ble advertising posters which pose the, question "Does baby Uke Charrier?" Brigitte argued that the slogan bo. 'surgents all is not well

tween her and her husband. Jacques Charylor. In French the word for baby la pra-

Dk. nounded

leiters "BIL" which overy Bardot fha' knows stands for Brigitta, Bardot,

The tribunal asid lure is

to

urgency to get the porters 'down, "bocALIDO the Charrier Company has added a pleture of pluing Uitle baby and a Clark Field air base was killed but you started earlier on them. We have our own helicopters,

bottle of water

Its pa vertkocenenia Now, the yesterday evening when

Tribunal, said, More in në cycle collided with a water For reasora of safely your of helicopters are much better than

reason to think the slogan buffalo in a highway north Moniin, the Air Force announced puts". Mr Alkhimev

refers said

to

and Bridlite Sday.—UPI.

Router.

Charrier.

hig

Of these, 6,703wezo Com- nista, 3,473 planters ·・・ani civilians, and 1,800 members of the security forova.-AP,

ORIGITTE BARDOT

Brigitte and her husband' re- Ato", A served the right to `darnago ' sulk in civil, oqurt against the water Arm-UPI,

"It's in the water closet, the i Meanwhile another one warn-- landlord told us," said the same ed the 70-year-old grandmother man outside.

that she would be hurt if she The door opened In came the made a noise. three men. They went straight to the bathroom where they

They ransacked the house, layed for about five minutes. taking away An oight-valve Then one of them came out radio and several hundred dol- and said to the girl, "We have lars in cash and left the pre- found it. Please come in to have mizes in less than 15 minūtēs. n look so that we can start re- pairing."

Tied up

In she want,

Seeing the robbers on the run, the young girl, still gagged ani hands still tied up behind her back, chased them down the stairs and into the street unt!! she met a Sanitary Department Inspector In Ma Tau Kok Road. The three led her up with

Mr Fung told the China Mall cloth

rope thes had this morning that nobody was brought along. The shouted injured except his daughter who had been taken to hospital for Fearing the would attract brulses when one robber slap- attention one

gagged (ped her on the face to stop her her.

from shouting.

fondly,

of them

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