1960-04-28 — Page 2

[ Page 2

THE CHINA MAIL

THURSDAY, APRIL 28, 1960.

FEARS OF TIGHTER CREDIT

OVERSEAS COMPANY REPORTS

Youngstown, Apr. 27. Youngstown Steel and Tube Company achieved!

first quarter records in sales and profits but "encountered a downturn of more than modest proportions in steel demand, Mr J. L. Mauthe, Chairman, told the annual meeting.

After the meeting.

however,

Mr Manthe toll a press con- ! ference that "business is turning up a little" currently. As a resi sult, he thought the industry's current operating rate, scheduled this week at 79-4710 per cent of enpelty, was about as low as t was kety touring current quarter,

the i

Mr Manthe attributed the first quarter gains largely to rebuild- ing of inventuries by steel users following depletion during last year's strel strike.

Mr Mauthe blamed the recent drop in industry operations ont stect nn apparent decision by

their inventory inees to stop Lambling early and try to get by on lower stockplies than stev executives had expected To carry.

them

HONGKONG

STOCK

EXCHANGE

by

Prices drift

on London stock market

London, Apr. 27:

The steep rise in April bank lending figures con- vinced the market today that a government statement on tighter eredit policy was im. minent and prices drifted.

There was cant trading spread of der way and

ilustriais across mall fails resulted. A few leaders manag}- ed some sight recovery in late busincer

Amsterdam buying gave risca to Philips lamps and Unliever N.V., while Imperial Chemical Indus.des knproved a fraction. Steels got off the bottom by a few pence,

BONDS LOWER

Fears that a bank rate FIND might porbly accompany any new cred: ctüb mové sent gav- crement bonds lower to close with full up to 33 Bd. The feet- ag also was that if the banks werd obliged to make "special

tho deposits" with

Bank of Egiand then investment sell- Business done on the Hanging might occur in gt-edged. kung Stock Exchange this morn- ing mounted to approximately 53.852.000, Noor quotations and

Our Own Correspondent,

Nairy

the morning's transactions:

Sharen Buyers Selets UK Bank 1940 193 5 1270 54 1210

He added he had not changed BANKS his bider that steel production

for the

toxil somewher

1

whole of 1900 would betwisen 115 ana 117 million ingot sons.

estimate puta M Maule 'put in the middle of eurrent prediellon for 1968 stuel Lainers which range from ak low of 110 million tons to u high of 120 million.

Sharthukiers approved im in-. in authorised common from the

Criss

shares to 15 milion

present five million to pave the way for a future stock

split,

stock dividend or share issue in future arancing or

posable

acquistion moves,

The company said, however,

10 Lak 101

Paul Ando..

INSURANCES

ᎰᎥᎢ .

200 UTC.

7.5

Lid

DOCKS, FIC. K. WHBTI

SHIPPING A Nav Whe lock

Gold shares came in for a bout of further selling which brought falls ranging to tive shillings. 1. Cappres ensed further but ins

aguini went ahead, South Afri-1 can industrial issues also moved tower..

Dollar stacks were mostly an the upside by fractions.

Foreign bonds were mixer. Greeks went ahead again with; 6 per cents of 1928 and were up; ¡sbitly.

Cils were erralic but ended higher on balance.

Rubbers and teas were out of favour. UPI.

Closing Prices

Cedera Bands

37.

Brittch Transgɔvr

לים

Q20

U 250

NCU 240

Duck

135

150 1234

200... 07

2000 120

2013... 11.5

kt 21-£4613 Consola 4TL. Convertion Loan

ayat.

150 we 122

C01-T/10.

Funding Loon

£31-3/16.

21.40

10.0 0 21.1 3290 21.50 2000 120

Funding Las

CHUL

100 58

Saving a 195/15-£73.

ED 50

Bank

23.00 (J

$00 1900

1 vide

that it has nó prosesi plana or i Turkoo undertaking to issue" cay of

The additional

shares

In any

Mall move. China

lype of

Special.

★

★ ★

C. Stolk,

nual meeting.

i

LAND. ETC.

50

Ind

لانزا

2013

200 10

200

374,

01

1000 30

4.5.40

ZIKI 59%

5000 1. 3000

1,025

3.AM '... 1.tv

GI). 100

BONA 44 1£20

New York, Apr. 27.

Hotel 7, 3291 1004

Sales and earnings of the Lant.

American Can Company |

in the first quarter were Humphreys adversely affected by thei aftermath of the 1959! steel strike, Mr William alty

President, re- ported today at the un-,

!

Nevertheless, all divisions Aural! still expected to meet forecast

volumes and earnings for the Truth year as a whole, Mr Stolk rull.

Sales for the first quarter of UTILITIES

Train this year totalled $219,228,053, compared with the record bigh of $227,081,796 for the same period of 1959. Net income for the first 1080 quarter after tax

was $6,233,011 against $7,838,- Lietu

040 in the same

After providing

1959 period.

200014

24021380) 703 - 15

1.83 1873 103.63 at 104

Improvements in buth sales

1

10000 1616

RUBBER

7:30

1.40

150) 7.30

4000 7.35

4.

50 405) 8.93

4000 BUS

320 319%

100314.

21

Star Ferry

Yalmalı

102

170

163 10 181

300 12

1130 13H

1000

23.30 23.40

10 175

100

1978/0..

1000-

1060/10

Rolls Royce Ltd Ort-42% ed. Routes Lid “A-10#. Star Triumph International

11.

Drawerles

Distiller Co--3 744. South African Breweries-21 GJ, Building and Materials Associated Portland Cement-k Goodia Wall & Lead Ori-478 1.

Coal, Steel and Engineeding Babcock & Wikus Lu-3 fois, waited de,<f—75% Gd. Vickers

(kl.

Food and Tobacco Brit American T56. Ca., Ltd-

pecial Tobacco Go LIJ-02

696.

Bu.

MiscellaneoLIK Lemon Marden Lld-4s jel Britis Oxygen Ltd. Ord. Canadian Pacille Bly—94713. De La Rue Co. Ltd. Ordur, Dunlop Stabber Comte 10U, Gilet Holding Lu-2740, Hongkong & China Gramiga odn. Imperial Chsinical-60s. Lyons & Co-73% 1019. Unilever Ltd--130% 7554.

lowater Paper Corp Ord-17% Gd. Radio and Electical Arsvelated Electrical-SUN. Electrical & Musical 404, English Electric Coy 30, General Electric-57% a.

Shipping

Indo-Chin ord--20

PLO Steam 40% (kl.

Great

10.

Steam Nav. Co. urt

Navigation del ord--

Storer

Universot Stores "A"-458

Marks & Spencer Lid-70s Gal. Woolworth F. W. & Co día 3.

Textiles Coats J & Lid—30# 34. Courtaulde Lid-80k 7130.

Mines

Cons Coldfelds of South Africa...

Coas. Zine Corp. Ord-70s.

De Beers def-1339 70.

Hongket Tithe

d

Petaling Tin-Be

Handas at

Southern Kinta Cube Lid-28« Ju. Union Corp—1 30.

West. Driefontein Goldning-150x

British Borno Petroleum valer-008 7łąd.

Wall Street

KANSPORTATION

meets up with The vital role of

late selling

New York

Apr. 27. Stocks were hit by a late selling wave today that dropped most prices from their early highs, many into lower ground.

Market sentiment in the early barel been helped by Koing favourable nows developments. Cur sales picked up sharply in the middle third of April. lcd- ing eux exccutives sakt stool armand was showing signs of stabilising, and corporate carn- ings were largely favourable,

But apparently this news was not <nough to fuel a sustaine

Inte selling and the advance, reached into all section

Blue chips were hit hard in the late self-aff, particularly Du Porat and International Paper tach down around two, and Owens Hinois, U.S. Sweet and Eastmen Kodak mere than one.

pl were

017

Dow-Jones closing averages

were

30 Industrials

24 d

is uulitten

03 Mock

40

Elona

Commin. future price index ...

Closing Prices

Ablubi Pwr. & Paper Ait (n. Acy.

Algoma Steel Con Allied Chem Mala Allied Ms Inc.

Ant. Home Prod.

An, Mach. & Fary. Ainorkan Metal

An. Natural Gad

Anaconda Copper Armed Steal

Atina Cons Mining Balwin-Lara-ifəm.

Columbia Pwr. | Calif. "Preishing Corp.,

Cons. Bk, et Coinm. Campbell Soup Co. Canadian Pacille M. Case 2. 1) Co.

|

Cet, Tractor

Celanese Cup.

C. I. T. Finanela) COTD. Chose Manhot. Bank Chrysler Mutors Cult Peabody copale-Palmolive Co. Colombian Carbon Cu. | Comunerolal Credit

Consolidated Exten

Conciliated Paper Continental Can

Contental Oil of Del. Crane Co. M Crown Zetterboels Cuban Ainer, Sugar Delaware & Rudman Co.

Diamond AKU Diamond Gart Distler-Seagrama

Dominion Stores Ding Aircraft

Dow Chemigo!

Dupont de Netwurs

090.96 Eastem Air Line

Barinan Kodak

19.05 Family Finance Corp.

Geroral Electric

Ingersoll-Rand

International_Paper

Int'l Tel & Tel

Jens-Manville Co,

59

*

Britain's shipping industry

FOR CENTURIES; IN FACT, SINCE KING ALFRED OF BURNT

CAKES FAME FORESAW THE SIGNIFICANCE TO THE NATION OF MARITIME POWER, BRITAIN HAS DEVOTED MUCH OF HER ENERGIES TO SEAFARING. STILL TO- DAY THE UNITED KINGDOM HAS THE LARGEST ACTIVE MERCHANT SHIPPING FLEET IN THE WORLD. AND BECAUSE SOME COUNTRIES NOWADAYS PRACTISE FLAG DISCRIMINATION AND RESERVE CARGOES TO THEIR OWN NATIONAL SHIPS, SERIOUS CONCERN HAS BEEN EXPRESSED IN DEBATE IN THE BRITISH HOUSES OF PARLIAMENT. IN THE FOLLOW- ING DESPATCH FROM LONDON, MICHAEL COLLING- HAM DISCUSSES THE SITUATION OF THE SHIPPING INDUSTRY.

From the days of wooden sailing ships, on through the times of iron ships propelled by both steam and sail, until today's great vessels which cross the wide oceans under diesel oil power, Britain has been both a premier builder and designer of ships and a leading ocean trading nation.

Britain's to the tra-

To show what this means, let; in recent years has made 47 for- me suy that in the entire world mal protests to 20 foreign coun- one person out of every 3,000 tries on the subject of discrimina- eturns a living in merchant salus. tion against Brith shipping. But where Britain is concerned which means arüficial aid to the one person out of every 275 earns | ships of the countries concerned. a living from merchant ships. In a your of depression in shipping world 1958 - British shipping s contributed £135,000,000 to the total of the nation's invisible exports.

Figures in radio talks are ad- mittedly dumcult to comprehend, aid. While this is being argued but I think you will appreciate out among the nations, Britain ship de- what it means when I say that presses on the docka

handling the signs, at sea and in British shipping industry em- devices, and taster ships to en- ploys more tran 250,000 people sure that her merchant flat- directly, and that at current known as the "Red Duwer" shall continue to be as well-known on values the British shipping CGI-

The the

et majority shipowners adhere ditional view that, for the benant of international commerce, borne free irado is preferable to restrictive practices and artificial

new

with new

Cargo

panies have about £1,200,000,000 the Seven Seas as it always has

been, invested in stripe.

FAMILY SHOW

It is an interesting point that Transports of

140.83

1003

82.01

2243 Firestone Tyre & Rubber

First Not. City

3372

an

145 22 Ford Motor

07!

Coorgi Pacifle

General Dynamics

50 40%

D015

General Foods

104

$36

General Mintars

4.

Gen. Pub. Util.

34

Gen. Tel. & Mec.

den. Tyru & Rubber

507

13

Getty Ou

14

Alla Chudniego

20

alidden Co,

2016

Am. Brake Shoe

-43E%

Goodrich (F. Fà Cô,

American Aline

за

Goodyear TYTO

3045

American Cable & Radio Corp.

Ba

Great Northern Railway

Arienn Cyanarid Co.

Gromman Airersit

20%

Amer. & Forgn. Puwe

Gail .......

Ain. Gue & Electric

Hammond Organ

12

6412

Hinom Walket

Heyden Newport Corp.

30%

2137

Homestako Mining Co.

40

Summon Refrig.

American Smelling

Idaho Power

Oli

Am. Super Res. American Tel & Tel

Imperial 1) .....

Imperial Tobseco

Syndi.

American Tob

200

Inland Steel On.

Атрек

32

Brition Burial Petrolcwn--21. British ruleum

Cu..

Dunnah 47 34.

51

Interchemical Corp,

40%

Lid354

01

Int'l Esthers Machines

449

Amour

JJ1%

Int'l Horvester

Adhesion Corp.

30

International Nickel

7

1049.

40%

3474

-Reuter,

Baltimore & Onk

Kaler Industries

Bank of Montreal

61%

Karwas C. Power & Lighi

Hank of Nova Souliz

0132

Kennecoil Copper.....

50%

Kiniberty Cork

43

4414

Liggett Myers Tab.

811

Lity Tullp

GO!

Litton Int.

73

Lockheed Aircraft

Loews Incorp.

2014

Lone Star Cement Co.

Lowenstein &

Scon.

Burroughs Add Machine British Amer. Oil British Columbia Elee

McDonnell Aircraft

304

Merck

Meania Iran Cor

055% ግነዩ

Milnesota Mining

100%

Mission Development

21

Muoto Chanical Co.

4015

Manigeenery Ward

432%

Motorola ine.

245:

National Cosh Reg. "A"

DO

72

231

Noranda Mines Ltd.

38*

Storfisik & Waster Ry.

10:

North Amer. Aviation

3142

Northwest Aträinen (Com.)

1.7

Glasma Not. Gas

234

only to compete with airlines in

Olin Matheson

47 4011

the carriage of passengers, bui

Owers-linols Glass

100

1960/CV-

Funding Stuck 3 1990/2004~~ | ad* C00

Savings 3, 1935/03-28-15/10. Savings 3 1960-70-£304

Barclay's Bank "A" Ltd ons--bas Chartered Bank-17 Ski.

mgkong-

Lloyd's Bank "A"-676 ed

Inmance

Union Insurance Canton~~£?..

Aircraft and Motora

British Motor Corp. Ord-10% X- Ford Motor Cu–1041 1yd Uawker Srdeley Group Ord--28%

Shell Travel & Trading-147 Gd.

Agreed merchant ever

rates

Cavadian Dollars Maximum selling 16-25/32; Minimum buy- ing 17-1/32 T/T, 17-3/32 O/D; Swiss Franes Maximum selfing 75.

B. C. Tol. Co.

Bell Telephone

Dengue Conta

Boeing Airplane Borden (The Co

Beneficial Finance

Bendix Aviation Corp.

Bethlehem Sterl

الية

Mofsons Firewary

Montecatini

Yesterday's Closing

COMMODITY PRICES

National Distull Co.

National Delry Prod.

National Lead

National Sleet Corp.

New York Central

SUGAR

May July

Estile crepe

thi May

3434-246 344-34?%

METALS

361

31 M 23.10 2100 23.30 25307330 47322330 1432 A 20

100. 20.20 2002820 200 / 28.20

· NEW YORK

Closing prices all in cents per Jb.:

Contract No. 4 (world)

Thick May

AMSTERDAM

Closing pricas all i guilders per kilogram, c.lf. Apr.

for dividenda

on preferred stock, the net carn- | Electric ings equalled 33 cents per share of commun

29 23.40

stuck com-¦

Mary July

Gay

14

14.20

100 13.50

Sept

1008 or 12.3

}

Tel

371 370

PASO 14 1000 14 COOM 37

Mer

Мду

★ ★ ★

pared with 45 cents in January

to March 1959.-China Mail Special.

said while

Company chairman, General

445

......EU

SA

2010 .33% 30

600.24

-150

|

Alt anelings.

NEW YORK

Closing prices, all in cents per

-UPI,

lb.:

Load

May

July

Zinc

htey

Copper

May

July

COTTON

NEW YORK

Closing prices all in cents per

1.03

3.10

3.18

320

3.24

3.31

0.07

5.00

-UPT

lb.:

Sput

July

Del.

Doc.

Mar

May

July

Det

Dec.

Mar.

closing

prices, all in cents per lb.: May

RUBBER

Rex

NEW YORK

rubber futures

New York, Apr. 27.

Continental Can Company INDUSTRIALS

first quarter Cement

sales increased to $240,-

951,000 from

STONES, ETC.

$240,088,- Dairy

000, net earnings declined to 30 cents per share from

48 cents a year earlier, Watsonh

Luelus D, Clay, however, told

1. Craw,

the COTTONS

the annual meeting that "both volume and carminate zure expect- TeRule ed to be satisfactory for the resi |

of the year."

A considerable tonnage of higher priced un plate acquired abroad during the strike Wils used In fret quarter facture, he added.

The chairman attributed the | Alfied first quarter earnings dip to the fact that metal can users had accumulated substantial invda teries againt a ponsible tinuation of the steel strike. Chin Mall Special.

1200 or 37% 500 371) 1000 27

5004472 1000 or 4414 2000 of 444

5000 1/1 27.00

2000 & 27.50 2000 ( 27.90

510251 100 33% 1500 36

Contract No. 0 (domestic)

July

Nov.

0000 / 10.20 10.10 1.40

1000 or 10.30 uly 1000 10.30 Brgt. 1000 + $4.00 Nov.

11K & FE

Ravest (HU) 3,00 Gitana. Triat

3000 15

300048.50

MRTIAL-

Cork-

Nouyung

INVESTMENTS

Int

25 15.40

Jan.

Mar.

Dy

3.55

1000

/ 850

2000 4.80

2.00

7.05

ZIO 7.90

3000 1.93

2000 or 1.9

રા

2000 41.99

cents ports:

40.20

34.10 uom.

33.24

32 70

30,70

30.10

31,10

31.44

July

LONDON

Oth Elevatore

Oxford Paper Co. Pacific Gas & Live. Pl American Airways

Britain's shipping grew up largely

as a family business. In fact, if

782 you leave aside small companies the future

London, Apr. 27.

MR Ernest Marples, Bri-

taina Minister of

operating tugs and those engaged the fishing industry, the pcwun-going shipping of Britain today is in the hands of 270 companies. There was a time, in- deed, "when a father might well give his son a ship to set him up Transport, forecast today

the as an ocean curries, that

Hovercraft-the But with new tankers of 18,008 machine which rides on a deadweight tone, or a 15,000-ton cushion" of compressed air

in business

dry COTTO carrier, coating

£1,250,000, Fathers con no and single rail railways longer givo such setting-up would be the transport of

the future.

presents.

It is because of the increasing

coats of building and operating Mr Marples, who 991ohips that there is a tendency irg

the

was opens Congress of the In

Hovercraft might be

among shipping companies to stitute of Transport, thought form themselves into groups and that the

to build fewer but larger and the start of a new era in trans- faster ships. This policy is not sort,

"For

hundreds of years we

equally to deliver raw materials have relied 2014 and manufactured goods more the wheel 634 speedy to world markets, and muy

also, of course, to reduce operat- Hovercraft 42*** 43%ing costs.

on the wheel and

has its limitations. thre in the woll bo

wo shall do away with the friction and maspen- This is why companies like the Elon necessary with the wheel." Peninsular

and Orientai Referring to single rall ex- Orient Lines, which periments in the United States, the passenger Mr Marples said: "It may well trado Carto

between to that the railways of thu

Parrot Pickturen

Parke Davis Co.

Perny J. C. Co.

720

Pena, Salt Co.

26

Philip Mortla

Pitney Bowes

16

and

Procter & Gamble Co.

27

engage

11.20

Pittsburgh Plate Glas

OG

nni

11.30

Publieker Industries

{ Pudman.

21.25

Pure Oli

30% and

11.63

Radio Corporation.

Radio Corp. Pref.

3122-20 Baytheon 29.38

Closing prices, all in sterling per long ton.

Tin spot

3-month

Copper spot

3-month

Buyer Sellers

די?

√ox ga Eld

1341

24714

31.49

Land 2nd inf

30.75

Apt.

July

7815

Zine 2nd half

Apr.

July

Dai

--UTI.

NEW ORLEANS

Closing prices an in cents per

31.75

33.17

92.01

30.73

30.74

31,43

31.50 30.17 30.75

31.00

FOREIGN.

EXCHANGE

NEW YORK

Closing rates:

England

official

30-days

90-day

Republic Steel

Reynolds Metal Heynolds Tobacco Royal Bank of Canada Royal Dutch

Rheem Mt.

Rear, Roebuck & Co. Shell Oil Co. Bateway Stores Saint ftes. Paper

Scott

Paper

Siegler Cory.

Sinclair Ou

Ermth, Kine & French

7014 Bogony Mobil o

Solar Aircraft

Soulh Puerto Rico Sug Touthem Co. (The) Southern Natural Gas

Southern Talkway (Com.)

Sperry Fland

Bandar Brands

Standard Oil of Cal. Stand

of Ind. Standard On of NJ. Stoel Co. of Canadia Bleep Rock

Arly Drug Co.

Stokely-Van Camp

Stone & Webeter

BAZO Ker-Packart Clara.

Mining

Swift & Co.

Texas Co.

Textron Inc. Thickol CTUCTIE,

1.00 10/10 Tide Water O

1b: 30.03 Spot

30.10

May

30.00 July

30.10

Oct.

Mar

May

SINGAPORE

July

Oct

Closing prices

all in Straits 1 Dec.

Mar

рет

1b fub.

Malayan

No. 1

50 74.99

May

1206-120

2.35 2000 2.30

4000 8,03 400005

Julie

No. 2 May

1101-120 11016-23915

No. May

No. 4 May

Banko eropo

12116-12144 112-113 12514-12914

LONDON

American Contract

Closing prices cl

in pence | May/June

per

2031-33

Bottlesnent house term:

July/Aug Oct/Nov. Deo/3. Mar/April

21.02

May

Mixed Contract

Tel. 24481

April/June

31-3431

May/Jun 23-July/Aug. 1238-321 Oel/Now.

22.43

Paris

22,43 Atockholms

24.00-16.00

22.40 Milan

PLENTY

& SON LEE,

Marine & Industrial

PUMPS - FILTERS IMPELATORS

Suitable for ali liquids and pústes

G.P.O. Box 230

RENECO

Bpat rubber untaled

No. 1 pale crepe

No. 1 R pol

The Ine....... Trader Finance

Warrents

Tri-Com Century Fox Fin

7.DOGS

20070

28036

2.7900

Vajon Carbide

2.0135

Union

At Cal.

Valon

Hallway

BAO PAULO

All unquoted.

¿Closing prices all in cruzeiro per

| Klio).

Average Delco in U.S. at 1s de-

signated spot markets: 32.15 cents.

Total Gries: 18,308 taler.

LIVERPOOL

Closing prices all in pence per Jb;

Canna

New Zealand

Houth African

Uther unchanged,

*

LONDON

Closing rates;

New York

Montreal

21.10 Atmateria

Copenhagens Frankfur

2.0034-2.80% 2.705/16-3.10 5/ 10.08; þ-10,0044 19.30-20.0

$2.73-19.77%

17431-174

Jily/Reut. Oct./Dec. Jan./Mer.

General markais, 0.1.2. basis, portai | Star/ZAPTIL

2411-30

April

22.00

27.15

22.30

Vienna

Zurich

Wailed Aireraci United Frult

Uniiod Gas Corn

TTA. Foll"

UE. Cypru

Britain, India, Ceylon, Australia futsio will have un entirely the now look about them if this across the Pecile to

724 United States of America und invention really proves to bo 50% Canada, aro

constructing new what it tools like al the

37%

salmers of 40,000 and 45,000 tons, moment."-China Mall Special. So whereas their previous biggest

12 chips were about 25,000 to 30.000

Buttons gross. The Union Castle 193 Line, which

between Bid to solve road

49 Britain und South Africa,

also in process of replacing Its eight existing liners with seven larger ones, Cargo ships also tend to increase

in size. Formerly

cargo ships ranged up to about

T Ave thousand or six thousand

problems in UK

Birmingham, Apr. 27.

F the prosent road situa- tion continuod citios London, Birmingham

30

43

B1

201

4334

8410

20

tons. The newer ones are twice

this size and have service speeds

443

much in excess of those of the like

Math!

show this tendency to become

40%

bigger every more than the dry economic

4012

42

T

43 pre-war fragitera. Oli tankers und Glasgow, would faco

cargo corriers do. It was only in thay found

disastor unless

Q

method of

1887 that the first four tankers moving traffic about, said

exceeding 40,000 tons gross came Mr W. Wood, deputy

52% Into service. But at the end of clork of Birmingham, at a

that year 69 vessels of that fan-

到

121 nage, or more, were on order, public Inquiry in Birming-

And now there are

Lankersham.

coming into service which carry

TOK

21th 100,000 tons of oll.

20

NUCLEAR SHIP

22

The Inquiry is into the city's lo ban or restrict proposals parking in a number of streets.

The proposals include a ban The need to carry cargoes on parking between 8 a.m. and across the world even more 0 pm, in the four main alty 12015ad speedily accounts for the interest contre streets.

akut dhipowners in the application

37

לל

UR. Hubber

1.3. Be

US. Biting

Warner Draw

Westinghouse Air xiyare

noti

0410

Western Union Tel, Co. Wow Ye Pulp & Paper Winn-Dixje glatra, Woolworth K. W.) Zenith Radio

of muclear propulsion "to, ships,

Mr Wood said it was hoped

So tor the unense cost and that the orders would solve the weight of nuclear engines has problem of congestion caused by nastricted this furm of propulsion "Double Banking when com

mercial vehicles had to unload to naval vessels.

and the delay to traffic leaving Discrimination by some coun- the city in die evening,

Nearly 40 objections tries against the flags of others; ervels another barrier to ad-represented at the inquiry. They vances in ship construction and were all local business under- propulsion. That is why the takings, Including breweries and United Kingdon Partament is a newspaper fitto,«China Mail conwarned in the thaster. Britain 'Opdelal,

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