1947-09-11 — Page 2

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Commencing To-Morrow: “FANTAS I A”

THE HONGKONG. TELEGRAPH, THURSDAY, SEPTEMBER 11, 1947.

Third and last of a short series ›on Franco's country today

SPAIN IS SICK ECONOMICALLY

By FRANK BREESE (United Press Special Correspondentl

THE

HE peseta is more of a problem for Franco than is any politician.

The offelal peseta quotations to 11 to one US dollar, to the pound Sterling. In Tangler and Lisbon, where the open markets peg cur- Although as Chief of the rency at its real international value, Spanish State, Franco. is not. one US dollar will buy over 33 pese- confronted with any internal tas and a pound note, 100 pesetas. political problems, he has This divergency of value has dis- couraged foreign buyers from placing plenty of economic worries. orders for Spanish goods. When Both Spanish and foreign ex-deals are approved by the govern: perts have expressed the belief ment at the offelal rate, the dollars that Spain's future is likely to and pounds have relatively small be determined by economic buying power: Spanish goods become factors than by political de- expensive before the foreign buyers

expose them to their own nations* | velopments.

duties and handling charges.

The economic situation is extreme- ly complex-so complex that simpll- fying it in easy terma la likely to distort it.

Spain's economic plight is charac- terised by shortages shortages of foreign exchange, shortages of raw materials, shortages of capital goods,

Foreign economics experts describ- ed the "unrealistic peseta quotation" and Spain's awkward relations with other countries as two important rea- sons for the worsening economic situation.

BY THE

WAY

by Beachcomber

To make matters worse, Spain's foreign currency supplies are at a low level. Foreign diplomatic quar- ers reported that Spain's dollar They supply is nearly exhausted. said her sterling position was stron- ger but her Swiss franc stocks were down. This means that Spain is not free to buy and get shipment of anything she wants. A Spanish im- porter said he was unable to bring in a small order of jeeps because the government did not dollars to spare.

have

U.N. BOYCOTT

the

E situation is aggravated by the unwillingness of several nations to do brisk-seals business with Spain beause of the United Nation's boy- cott that has hung over the Franco regime. Spain needs equipment and needs raw material to get her whole economic structure on working basis. The United States is One

THE bus conductor who con nation that could straighten Spain

plained the other, day that a passenger "grinned at him" was talking sense.

out quickly with a loan, equipment and material.

Britain is buying foodstuffs from

F F F F F

F THE E

"The sooner you forget the NW. Frontier and remember, you'ra in N.W. II, the sooner

I'll like it,”.

1,700 sahibs

leave India with a song

F

BOMBAY.

ROM 1,700 lusty British throats a great wave of spontaneous song swept down from a ship's side over a Bombay quay. Ten feet out, as the dozen hawsers slackened and were cast away, they sang: "Bless 'em all, bless 'em all."

SYDNEY SMITH

sees the page of

Then out of the rainy monsoon mist of Bombay, history turn...

the

he is

-030

"Listen, chum, every village wo ever went into tried to make us stay: It was always, 'Char, sohib?' and then they would bring out pots of tea and curried chicken,

what they were,

arrive in the last few months, Never

The American Government's atti-

harbour they flung back the words of "Rule, Britannia."" There is a world of difference be- tude is that no loans will be given. tween the happy grin and the in- Further, they have discouraged pri- Growing fainter across the oily rule. They solent grin, and, according to the wate loans.

are essentially armies Private banking houses green water, lalest statistics of the Smile Control

and their singing of occupation

presence Board, there are 42 sorts of grin in may grant credits to Spain, but the changed and died with "Auld must inevitably be resented."

The Norfolks heard it in a pollto ween. each of the 42 being custom is for them to consult with Lang Syne."

of infinite nuances.

but puzzled silence. They felt that Then the State Department. The State

Then the rain squalls cur- perhaps Nehru had not heard how I'm that fed up with curried he there is the smirk, the leer, and the Department has told intquirers, up tained off the deckloads of sun they saved 2,000 Sith lives among it didn't matter dry smile of the pince-sans-rire, to now, that Spain is considered a tanned faces.

the bullets of sniping raiders in the Sikhs, Moslems, or Hindus, they And they were blazing little town of Kahuta only have been glad enough to see us Philosophers say that laughter is a human phenomenon. Cais can grin, poor risk.

gone.

four months but the green wood-pecker or yale

The first British troops to can laugh, as he may be heard doing

They remember how, in the middle known one of 'em not sorry to sco any Bre day now in the weald of Spain, but she is not exporting much withdraw from India, 48 hours of it all, Lieutenant Chris Kirby us march out. We've palled up, with Sussex. The hyena's laugh is a mere because her exports are spread thin-after the transfer of British brought her baby into the world in

20-resuced a Sikh woman ând all of 'em.” ly over all the old markets, with Power, had sung their way out the roadway of a flaming, strect.

Sikh tribute to soa, homeward bound aboard Kirby is godfather to a nice Hule Perhaps, after all, that passenger Empire points getting preference.

the 27,000-ton hired transport Sikh boy now.. was only grinning and bearing 11.

Without Anglo-American colla- Georgie. The first visible sym- Evans the Hearse in training boration, one by incapacity and the bol of the end of a great era in AT a trial push yesterday, over a getting the replacements needed for ally completed.

other by inclination, Spain is not British history had been form- A 200-year- timed ten yards, Evans the Hearse

Cata-long chapter closed. started badly. Failing to keep his the worn-out machinery in eye on the pea, he sliced into what Jonia's textile mills or the raw cotton In the next four to fivo may be called the rough-a dirty for the machinery that is still func-months nearly 25,000 puddle. The pea became soggy and tioning. suppery, and Evans barked his nose on a stone.

screech.

The Strabismus Rocket

THE new Strabismus Rocket is France is the big loser, according now almost complete, but the to Spanish businessmen, but both Journey to the moon will not be nations are losing heavily. attempted for two months at the carliest. The accompanying.sketch shows a section of the

Dufresne

pressure compounder. Note tapering shaft runaway governors under the locking end gauge,

In Passing

Welcome visits

THE

VIE presence on the quayside of 100. men of the 11th Royal Sikh Regiment was no accident. Sikh homes and families owe a bigger NONE of these lads, just like the debt to the Norfolks than to any discovered in

ones Kipling wrote about, ever other troops or police,

the past year nhat

Today, as new Punjab. boundary anyone resented him as he marched areny blazo again in frish avave to and fro on police and rescue of riots, the Norfolks are being re- duties in Bengal and the Punjab.

membered, maybe looked for hope- more The arrival of British troops at a fully, by the long trails of refugees British troops will sing their trouble-spot has stopped every rio: straggling out across the plains. way out of Indian ports. Those they Have France took the initiative in or- chosen for the first draft were

ever seen,

When the Georgia... was. out of They do not ille India for the very sight a a dashing

band played dering the closure of the Franco-

Royal Salute the Royal Norfolk Regiment good reason that their homes are in the

the while Spanish frontler 15 morths

Norfolk, and an R.A.F. fighter squadron their brawny arms shows a sweat- maculate,

The most popular tattoo on Governor-General Inspe which left its Tempests on the ing British soldier standing above lines

Inspected tho. red-turbaned Sikhs, rigid of: nirmen,;

n. and spotlessly North-West Frontier.

a zeroll which says, "India-never turned-out Inullon Navy guard. They again."

drilled like Guardsmen, Yet down in B Company hold of

It reminded us on the quayside the Georgie, George Middleton, of that though the British march to Shipdham, and Jim Chapman, of the coast is on, there is something countries. Except for the Argen- SPAIN is doing business with many THE Norfolk lads who left are mouth, Ron Grover, of Blofeld, indestructible and great that we

the heirs of the first Nor- and a score of other Berts and Jhas cannot take with us. tine trade, which is a temporary life-folks to come to India 112 years pleapunt

and Georges from that green and It is

is a spirit of servics and dis- county, fold me saver for Franco, the rest the inter-ago, the men who left their thought they were leaving a lot from the shoulders,

they clpline and a grand, proud 'swing national commerce is useful but not dead at the storming of the good friends in India.

will not forget that. ¡vital, foreign economists claim.

Khyber Pass in the Afghan. The local effect is staggering in- War, which ended in 1842. flation. The moneyed classes are One hundred and five years not disturbed by the inflation be-inter-March of this year- cause they have so many pescids | their police work. saved thou- that the actual price is a small de-sands of lives and hundreds of tall. Spaniards who live off their homes at the height of the salaries and wages, from the middle Punjab riots.

INFLATION

classes to the masses, have been hard

Past glory

These Norfolks were the star turn hit by the inflation. They and it of the new Indian Army, Navy, and of the farewell. There hundred men aimeult to Cover necessities THE boning of Ministers when they THE

with Air Force, with

with Earl Mountbatten, appear in public is a very healthy not see people collapsing in

their incomes. Although one does the Governor-General, and British sign-if only because they are such

the and Indian Service chiefs, paraded damnably bad actors. Which reminds streets or dying from hunger, anti-in the rain cheer them away. me that you could have great fun regime Spaniards claim that a con-

Mountbatten told them he had before curtain-rise on a first-night skierable percentage of Spanlands his job than the British troops, with needed no better ambassadors to do in the old days, by standing up and suffer from a grawing feeling be- their friendly behaviour and pro- bowing the moment the audience began to appinud the entrance Into cause they are not getting enough tection of lives and property." the auditorium at A

to cat. at a popular actor or 'actress.

of those who had Many not seen who was being applauded naturally thought it was the gentle- man bowing graciously from his stall, And the rage on the faces of the actor's or actresa's, hangers-on was worth seeing.

NANCY Drilling It In

OUCH OUCH OUCH

The farewell, message of Premier Nehru was read by Indian Major The economic situation is comple-General Cariappa, Deputy Chief of tely fluid. Foreign diplomats have the General Staff of the Indian expressed the opinion that the life Union. For a moment it cast the expectancy of France's regime may pedlency over a friendly parting.

only chill breath of political ex depend on the trend of the economic Sald Nehru: "Foreign, armies are the most obvious symbols of foreign

alluation.

OUCH OUCH OUCH OUCH: OUGH OUCH [ouch oucH

HOTEL

OUCH

OUCH OUCH

-KEY-- WHAT'S THE DEA?

OUCH OUCH OUGH OUCH

The Indians

CROSSWORD PUZZLE

Acrusa

Creep on it (anag.), (b) Would you any miser to one on

a secret mission? (8) 11. Unusual shape, fa: cricket'

aften proved playablo. (4)

you

12. Bevin may find himself ook-

ered by one. (31

13, Make use of: (T) AN

14. Tue til's boot, broken into to

soma tuno. (4)

15. How you can make a small prówn

antelope groan. (5)

By Ernie Bushmiller

OH, JUST TEASING

THE BOYS A BIT

DENTISTS' CONVENTION THIS WEEK

10. You may dine lota dolog, this at

the sale. (5)

16. With Meg le proven spicy, (3)*

Bring on na an inevitable con nequanco. (0)

21. Xou may hear this before ton.

(3)

23. Any way of saying no. (37 23, Placa that makes father a red. 24. ilo often considers his award

point by point. (71

Down

1 it makes Rog Quent la bril-

ilant way. (9)

2. A moet iine (unoz.).

3. One of the things we lot during

the war. (6)

4. Mano the troon, (5) ►

3. The army of today is not this.

(0)

0. Warning cry of nows to come, (4)

7. Gmatin like cooked food. (81

U. The salfors acasoning.

10. Cans killing weapon. (5)

17. Neck or nothing. (4)

19 with time it never watta... (4) Solution of yesterday's puzziomacros

honest; naslon: 10 Violation; 34, Zacot; 10, F0; 14, 1000, Pott 20, Huturolo

Tod. Down 4, Derenport 2 phoca Nied: 4 Apoken: by

Into! D, THI 11. Lodembed

1 Crood!" 17, Tan: 2,1000; 20, 200,

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and Restless

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