1961-07-26 — Page 10

CROSSLEY BROTHERS LTD. MARINE, STATIONARY &. AUXILIARY MARINE DIESEL ENGINES

ENGINEERING EQUIPMENT CO., LTD. 208 Chartered Bank Building. Tel. 27789

U.S. FIRMS URGED TO INCREASE

HK TRADE

Washington, July 25.

The Commerce Department reported today that Hongkong scored a satisfactory record of progress in almost every business activity during 1960.

CHINA MAIL

Established 1845.

WEDNESDAY, JULY 26, 1961.

GETTING TO

The Colony's total Imports, Jung-term projects as banks be-; Excccfed US$1,000,000,000 and carne more active in financing exports of U.S.$890,000,000 were "private construction," the report equal to the record year of 1951. suid,

In its aramad review of Hong- kong Punonste developments Issued to dry, the Department sall a large capital movement into longkong continued al through 1960, but substantial sus also went overseas, includ- ing investment; in United States securities.

SHORT-TERM

"Capital Investment in Hongkong eontinued mainly irl short-tern ventures, but the proportion was greater in

miniton

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The department urged exporters 10 seek greater sales | in Hongkong with a wider range of goods,

"Not only should they (the exporters) be able to improve their position in the present markei vntume, but also share fully in supplying the Colony's rapidly increasing requirements that must be met mainly from imports," the report said.

"Exports to Hongkong do not face the problem of exchange |

banders," shortages and trade

the report said.-UPI.

Hongkong Mines

loses $12,432

MY PI THE OVENCE | Mr G. Abbass, Chairman of

121 7116 FAR

"WIDT" "TRAVELLILKƏ A

m

REORANG **TCH?

YOUR SECOND MEMORY.

minifor

Disbulars

YEE ON HONG CO., LTD.

Showroom 71 kr Hover Breat

33716,

the Board of Directors of the Hongkong Miner, Ltd, reported a loss of $12,432 and said that the mine

operations, suspended in June 1958, had not been resumod due to the cur- rent low price of lead and lack of funds for economic production.

Mr C. A. Henderson, Svere- tary, replied to one of the ques tions put by Mr H. Odell, al shareholder present, who wanted to know why the company hod not been liquidated. Mr Hender- Run said tha; there was still

Mr

hupe.

Ablass zold that the Directors had agreed to waive their fees aguin for the year 1900, and he proposed the adup- tion of the report and audited accounts. This was secunded by Mr. Wang Zung-en.

A

Graduation

graduation

ceremony

of

the Kwong Tal Middle School was held this morning at the Princess Theatre.

A Cantonese film was shown Inter for the entertalsment of ¦

KNOW

HONGKONG

Now Zealand artist Pator Mcintyre's paintings of Hongkong scenery commissioned last year by the Hongkong Tourist Association are now on "Road Show" exhibitions in' principal Américan and Canadian cities. Photo shows a pretty usherette, dressed in wall-fitted cheongsam, handing out a catalogue at the exhibition hold recently at the Northwestern National Bank of Minneapolis where it was seen by thousands of the bonk's customers and other people invited to the show.

U.S. living

costs rise

to new

peak

Washington, July 25. Living costs edged up to a now record peak in June

for the first timo in six months, the Labour De- partment reported today.

Despite a rise of two-tenths of 1 per cent in the consumer price index, the average buying power of the nation's 15 million "Inetory workers rose for the fourth con-

secutive month and matched the record level achieved in 1859.

INDEX UP

Commissioner

Labour

the senior middle, junior middle, Statisties Ewan Cingue blamed and primary graduates,

the June increase in the Index on seasonal make-ups for fresh fruits and vegetables now: short supply and higher prices for used cars, gasoline and somno household Items.

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Tel. 21-157

The Increase lifted the index to 127.0 for the housewife. Thin meant that goods and services which cost $10 in 1940-40 cost $12.76 last month.

company

The increase in the past three months was not big enough to trigger pay boosts for 90,000 aircraft and bus workers whose wages are geared to changes in the index. About 0,500 others will get penny-an- hour raises, However,—UPI.

An

Attack said launched on Guinea

Lisbon, July 25. attack "coming from Senogal" Was launched! today on Portuguese Guinea, according to a communique issued by tho Ovenous Provincas Agency General.

The communique said

that between 3 and 4 am today, to group of about 200 sumed men, coming from Senegal, invaded the beach and village of Varela in Portuguese Guista.

Houses were damaged but no and was attacked or hurt, the i communique added.

The Beach of Varela

f

Irinted and published by Terence Gordon NEWLANDS Frarch | sentido resort about 20 miles) for and on behalf of Both China Morning Post Limited at 1-3 south of the border of Bonégal, Wyndham Street, City of Victoria In Uie Colong of Hongkong. In West Africa—AP,

COLONY DELEGATES

LEAVE. TOMORROW

FOR SYDNEY FAIR

The Hongkong delegation to the Sydney Trade Fair which is being staged from August 1 to 12, will leave by air tomorrow, evening.

al

The members who will be held in Australia and has at- leaving tomorrow Dre Mr tracted participants from Dhun Ruttonjee, Leader, Mr parts of the world.

S. S. Gordon, Deputy Lender Hongkong Is mounting a who la senior partner of Messrs prestign exhibit of some 2,000 Lowe, Binghai and Matthews,

over 1400 square feet, and Mr J. S. Lee, Director of Lee items from 230 manufacturers Hysan Estate Co., Ltd., Mr or exporters will be on display.

General Manager One of the aims of the Hong Daniel Lam,

kong Delegation will be to stress the growing diversifica- tion of Hongkong Industry, to which the display will add vivid testimony,

of Chiap Hus Flashlights Lid., and Mr Tang Wo, Managing Director of Hip Shing and Co.

Messrs S. S. Gordon, J. S. Lee and Danici Lam are also mem- hers of the Trade and Industry Advisory Board,

Training Centre

of

boy escapes from officer

A boy from a Training Con- tre escaped from the car his escorting officer and was still at large, the Commissionor of Prisons, Mr C. J. Norman, Yealed today in his ro- port for the second quar- ter of the year.

ro-

The boy was returning from (caurt after an unsuccessful ap- plicution for a review of a ten- tence when he escaped.

During the sara perlod, ve other boys left the two Trom- Ing Centres at Stanley and Cape Collinson but were later found and taken back the report said,

The total number of boys al the centres in June was 231.

There In 1960, the balance of trade

were

ad- 47 new in Australia's favour amounted missions, to just over 1K$10 million.

At the Cape Collinson Trait- Hongkong's exports and re-ing Centre, work is going ahead exports to Australia were valued on the construction of

work- kitchens and at HK$119,911,890, while goods shups, classrooms, imported from Austraila, most- stof quarters,

The other delegates, Mr R. G. Hutcheon, Editor of the China Mail, Mr W. E. Manson, Hong- kong Trade Representative în Australia, and Mr W, Durward, 1y food preparations and textile A boy who talled to return Trade Oincer of the Commerce tires. amounted to HK$138, from weekend leave during the and Industry Department, are 070,311.

Arst quarter of this year was already in Sydney.

For the first half of this year, sentenced to a term of limprison- Australia's favourable tradement when he was arrested and balance with Hongkong wna convicted of larceny and of be- already some HK$10,000,000. ing a triad member.

The Sydney Trade Fair Is probably the largest inter national trade fair ever to be

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Sheaffer quality features at maderate prices

Cine Club members hear talk

Members at the Hongkong

Cine Club's Social Even- | ing yesterday heard Mr Colwyn Haye demonstrata the 'dovolopment of a good plot by means of a simple graph in his talk on "Writing for the Eyo." Mr itaye, who was quest speaker, eiled "The Secret Ways," as on example of a good thriller. and then referred to J. B. Priestley's television play, "Doomsday for Dyson," in con- nection with an early televisioa play of his own. "Dyson's Day." He concluded by saying that writing for the ye was in many ways far more exacting than writing for the ear alon

From the Files

25

years

AGO

July 1936

The Spanish Government claims that after a five hour battle for Madrid the Governi ment took the offensive, and defeated the rebels. It is claimed that while Zaragiza and Valladolid are still in the

An amateur An about the hands of the insurgents the Lame reserved In Ceylon,

Together with two short feature Government controls the rest tims, Nighbours" by Nonnan | of Spain. *McLaren ind "The Print- makers" were showIL ot the Club.

All-out drive. against TB

Fierea fighting is reported from Barcelona, where it is said that 2,000 have been kill- ed and 3,000 wounded, The Government have gained the upper hand not only in the city but throughout Catalonë,

The Medical and Health

At Cadiz loyalist tearships have bombarded the town and department is continuing its fall to Government forces its all-out drive against is expected at any time, Fierce tuberculosis. More than fighting continuca in Morocco, 20,170 BCG vaccine- | where the civilian population tions wore carried out has suffered heavily. Whether

the during the second quarter

revolt present Fascist of this year and of this fails or succeeds it is expected number, 17,803 were given public.

that Spain will remain a re-

to new-bom infanta,

Later reports, including a Vaccine of special strength for British Wireless summary of Infants continued to be suppiled the situation, suggest that the free to all doctors and mid-struggle is by no means de- wives.

cided, and the decisivo battle The

Director of Medical and Health Services, states that for Madrid has yet to be 77.2 per cent of all infants who fought, The formidable dread- were refistored in the same nought, Jaime I has gone quar.er were vaccinated,

over to the rebela,

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