1948-06-01 — Page 7

THE HONGKONG TELEGRAPH, TUESDAY, JUNE 1, 1948.

FOR YOUR SPARE MOMENTS

SIDE GLANCES

By Galbraith

EXCLUSIVE "TELE GRAPH' FEATURE

POCKET CARTOON.

YOUR BIRTHDAY.

By STELLA

By OSDERT LANCASTER

TUESDAY, JUNE 1

BORN today, you aro

COMI 1948 BY NYA KEDVICT, ENO T. M REG U. AL PAT. OFF.

4-5

"Oh, mother, isn't summer a simply gorgeous and Inspiring season? Let's go downtown after school and look at the new print dresses!"

• MCKENNEY

ON

BRIDGE

A Safety Play Even The Experts Miss

4AQ85

072 +Q4

KQJ10

AKIOT

N

Check Your Knowledge

Sea washes the 1. The Baltic shores of what countries?

2.

3.

Define cryptography.

What is the national beverage of Japan?

4. What was the first lighthouse ever to be built?

6. In what battle did the "Ger- mans Arst use gas in World War I?

produced?

6. From

W E

None 10043

5

J 1007

2

AKO

8653

4001

Dealer 47532

*JU6432

JES

•AK

AB

Rubber-Both vul.

what

emotional must not become discouraged, for if and Impulsive and must learn you only notice how your life is opt to hold yourself in check at times to resolve itself into cycles of three, of crisis. You enjoy having your own way about things, and while you love to give others advice you detest accepting advice from others! You think in terms of the grandlose and you feel your efforts are being belittled, if you are called upon to attend to unimportant details. It might be well for you to remember that the one who can be trusted to do the small Job to perfection will be called upon to handle the large projecti

Your talents are many and varied but they must be meticulously l rected if they are to bring you the rewards oven partially -comment- surate with their true worth. You

are

Inclined to be affilcted with moodiness. One day you. are on you are in the heights: the next; the depths of despair. But you

then you will be able to appreciate that after the darkest cycle, tvill come new, good fortunel Don't Dress against the pricks too much when things appear against you! blde your time. Work on something new and constructivo Ro consuno your energies and eventually the tdo will turn and you will be ready. to reap success.

You women, especially, are fond of family life, and will have a beauti ful home. You will be happiest It you wed at an early age and have a large family. Select someone who shares your hopes and Idents.

To find what the stara have in store for tomorrow, select your birthday star and read corresponding paragragh. Let your birthday star be your daily guide.

WEDNESDAY, JUNE 2

GEMINI (May 22-June 22)- Guard against being imposed upon by someone who is a schemer. All is not gold that glitters. Analyse things carefully today.

CANCER (June 23-July 23)- A good business day, especially if that new project has been postponed until now. Act on I today.

LEO (July 24-Aug. 23)-Coneen-. trate on business matters. Lenve social activities and rotnance for an- other time. Be businesslike now.

VIRGO (Aug. 24-Sept 22)- Conservative activilles

the business front will pay dividends today but don't be influenced by your affections,

23)-

LIBRA (Sept. 23-Oct. - Avold travelling by water, if poa sible. Business prospects appear bet-

Romance is ill-timed. SCORPIO

ier.

(Oct. 24-Nov. 22)——

In dealing with the public, this can be a good day if you are alert to any possible defection on the part of a competitor.

is witch hazel SCIENCE AT WORK:

Answers on Column 5

DUMBBELLS

FREGISTERED US PATENT OFFICE

WILL THIS

South Went

•North Ear

14

Paks 34

Posz

4

Fa58 Pass

Pass

HEN LAY

Opening-- K

16

́GRADE"A"

OR GRADE B

EGGS?

By WILLIAM E. McKENNEY

WH

WRE

KEN the annual meeting of the board of directors of War Or- phans Scholarships, Inc., was held. in Washington recently, I extended the honour of being re- elected president. We have already granted scholarships to 50 children whose fathers were killed in action in the last war.

10

hie

The secretary of the organisation. Albert H. Morehead, was unable to attend the meeting, so on the way back from Washington I talked him by train telephone, and started to discuss this bridge hand, which involves a safety play the average player and the expert miss. The whole questan is how to play trump.

West cashes the first three heart tricks and then shifts to a diamond, which declarer wins with the king. Now almost invariably a declarer with this holding wil lend a small

spade to finesse dummy's queen,

and the contract is lost.

that the

Morehead pointed out correct safety play when holding ten trumps is to lead the Jack from the South hand, and if West fails to cover, fake the Ancase. II West covers with the king, declarer should go up with dummy's ace.

When East shows dut, South re- turns to his hand and leads the nine of spades. Thus he picks up all three trumps without losing a trick.

Across

POULTR

CHESS PROBLEM

By K. NIELSEN

Black, 7 pieces.

#

33

White, 7 pieces.

White to play and mate in three.

Solution to yesterday's problem:

1, B-17, ang: 2. Kt (ch, or stia - ch) mate

15 Sort of band that about play a march. ( 17. Hammera. (0)

עמא .

10

Torces

.

not popular with the 21. Otherwise. 14)

23 Trees. 41

23. Neatest for a change.. (7)

Down

Seaside reading matter? (0%,

You can just picture spcha Kupport. (á) 6. work. (3)

•. Talka bonatiully. (8)

b. see 1 ACTOSS.

0. Mountain lake, (4),

7 Occurrencea, (8)

3. Arn Beni İlcensed to deal in

them ? - 14-4)

Ju it would be a change to be late.

19. She brings help to men, (8) 15. Fer. (4)

16. Pauso. (6) |*, 10, 2hey are close to Canada.; 13),

2u, Time, (3):

Jang 6. Ape buying atcol (anag).

19, 0) d. You will never and this art of dward, 141. a. Diwholes010. tài 11. A four return you get tar in-

dorsement (4)

12. lie's possibly thinking of the rel

mare. (7 16. Jack Spratt liked this. (7)

Solution of yesterday's puzzle; Acrats:

3.

Cup: V. A 10 tot 1: 14, Atre 16, staterd

15. KRIMET Day 10, sun; 20, Fit

22. Barna), 23, Yej 24, Deno; 15, 6siądź 120, Longs, Down 1. Entrewia Sariy.

4. Tare; 6. Trçasute; d. Yearni ́*

Agria; 6. Oratify; b, Artísas, Label: 30

Diet: 19,

991, 404.

w

SAGITTARIUS (Nov. 23-Dec. 22) -Your business interests will muke good progress if you concentrate on your efforts and avoid personal com- plications.

CAPRICORN (Dec. 23-Jan. 20)- Push businers deals. Get exactly what you want but don't depend upon personalities alone to put over the deal. Be warned against double-dealing un

(Jan. 21-Feb, 10)-

the part of someone previously trusted. just.

AQUARIUS

**But for the adjournment, Snooka, understand we should have, made a very.. powerful speech comparing Anna Mr. Morrison to Pauker and ourselves to King Michael of Rumania."

BY THE

WAY

by Beachcomber

FOR THE BUSINESSMAN

Position Of Britain's Investments In India

By SYDNEY GAMPELL

- Router's Financial Editor

London, May 31.—It was noted with interest in London today that the Indian Finance Minister, In his remarks. yesterday about the forthcoming negotiations on sterling balances, did not mention the question of repatriating Bel- tish commercial investments in India.

ACTIVE

H.K. STOCK

MARKET

This strengthened the im- pression that the coming talka would be concerned with. prac- tical matters, such as the price to be paid for the British Government's surplus stores and installations In India, ‘and the rate to be applied in finding sterling pensions, rather than The Hongkong Stock Exchange with larger and more, general had an active session this morning. questions. Some fairly large parcels of shares These Inter compriso repatria- changed hands. Price advances were | llons, scaling down, and funding registered by Hongkong Banks, the residue of sierling balances for

China Unlons, Electrics,

Lights, repayment to India over a long Cements, Dalries and Watsons. The period of years in the form of demand for China Entertainments British goods. remains unsatisfied.

They

would have to be discussed

The morning's turnover totalled $724,000. Transactions and noon prices follow:

DANKS

SHARES BUYERS BELLERS BALES

I Dank..... 2150 2178 East Asia.

INSUTLANCES

70715 פונות ......... lon

Underwalters

DOCKS, ETC,

0.05

K. Wharf (0) 130 150 Dock

NE of those standardised Provident Om actresses who hop

LAND, ETC.

UK Hole! BR Lam

you have Be firm and about from country to country attended a banquet the other 21-day, soon after her arrival by proceed plane. She rose to reply to the Don't try toasts, and began thus:

now. Be new just

20-Mar, A fairly good day if you along familiar paths out anything conservative.

ARIES (Mar. 22-Apr. opposite sex. Love Exert caution in dealing

and have no place in today's plans.

PISCES (Feb.

TAURUS

(Apr.

"The warm welcome of the people 20)-

of" And there with the dead,

aho stopped for the chairman Was romance whispering in an agitated fashion. business She had got the wrong country. So

S'hal Land

Humphreys UTILITIES

Trom

Star Ferry

@ 2150 30 2100 13 @ 142

10 705

1000 7

21% 3315 700 3214 702 23% ... 21% 2415 2800 p

C. Light (0) ..

012

in the final settlement, but the In- dian Finance Ministry recently stated that "the question of a final and permanent sellement does not arise at this stage.".

This question of repatriating existing investments was linked with Washington's stated attitude (In

regard to any Indian applica-

tion for ERP) that India would best achieve external economic atd by encouraging foreign capital to develop her resources.

INVESTING MORE MONEY

British companies, which, unti recently, expected the Indian Go- vernment to buy them out,from the sterling balances, now face the 500 a 23 prospect of investing more money

in India instead,

50 501%

1814

10 2200 1035 04

1500 612 3500015

hata

+

-2332 2012

3100 € 24

320 21%

1400

སྐ་དྷུ

1000

C. Light (N)..

Electric............

10 201

103

300

Macao Electric

4032 0012

20

Telephone (0) 44% - 43 INDUSTRIALS

Cement

Hope.

40

40

404

20

STORES, ETC.

10

That's your

Dairy (0) 5114 Watson (Old). 47

200 $112 5115 1000

07**

3000

575

0435

30

0

she began again

the substituting 21-May 21)-right country, and all was

well. If you are job-hunting, today may Afterwards she said to her seerotary, bring the one you want. I already "You dumb cluck! How am I employed, ask the boss for an corned | know where we are? raise.

job."..

EFFORTS TO DISCOVER

IF DARWIN WAS RIGHT

BY PAUL F. ELLIS

descendants

DR H. D. GOODALE, geneti- exclusively within the

cist of Mount Hope Farm, of the one mouse and four related females-until some mice are 80 Williamstown, Massachusetta,

percent white, Dr Goodale reported. wants to know whether Dar- win and his followers attribut- ed creative power to selection, and that such n theory has been denied in recent years.

has done with an

However, Dr Goodale

with mice -experiments

Interesting result.......

He said approximately 600 males and 3.000 females have been mated during the 40 generations covered by the experiment to date.

Prodnose: Is this truc? Myself: It will be. In a year two.

That last bit of stone

OF

Jast

"O there is money in art." said Foulenough complacently, as ho and Luna Moon watched the of the pictures being bought by an enger public.. At that moment the gloomy Hirst appeared. "Mr Scar- pett, the mison." he said,, "won't Uke back that last lump o' stone.

asked Foulenough.

"Why not?"

E says it's disgured," said Hirst, "You go and tell him

cald Foutenough, "that what he thinks is disfigurement is art." "I tole Im as was art," said Hirst, "an' 'e sald if that was art 'e was the Queen of Syrla-'e said you'd chipped bits orf of is stone." "How the devil," said Foulenough "does he think

oleh

Watson (New) B Lpe

Crawford MISCELLANEOUS

Entertainment

LIK Con

struction (0)

Gecey

London Stock

Exchange

London, May 31.-South · African issues in industrial shares were weak today, but Kafting were fairly steady or at least evenly mixed in movements, Goldfelds rose 10-1/2d.

to 81/3d, while Anglo-American fell is. 3d. to 1453.

The chief feature of the day was the jump in Austrian 4-1/2 percent bonds by £4-1/2 to 260, while

a sculp. drawn Bonds were up by £2 to

for can creat a masterpiece without The Captain chipping bits off?"

CID.

Anglo-Iranian

Dr Goodale reported that so far as known, it is the only experiment on record in which a small, insigni- by selections to the diren obtain thought-for-a-moment. "Luna, my-1-300-185 shilling, and among ficant character has been bulit up for The experiment poses many ques-what about selling that bit of stone sweet ortolan," he said presently, tons, such as:.

The experiments continued

The work began with 10 years. cne mouse with twelve white hairs The twelve hairs on is forehead. have been increased by selection-

ZBW RADIO

H.I.T.

What happened to the chromo- somes of the mlee?

Is the increase in white due to rearrangement of the genes of the five original mice?

Is it due to intercurrent muta-

tions?

Dr Goodale believes that what-

ever answer is found in the future. "It is apparent that selection has Programme Summary: 0.01. Children Story by Arthur Ransome. some, at least, of the potentialties Work Read By attributed to it in the days follow- Episode 23: "Dirty Captain Flint (Studio); 6.30. Variety with Ing the publication of "The Origin Jimmy Lench and His New Organolians of the Species."

London Fantasia (lchardson]....Col. Light Syn Orch with Compose (at the pianol: 720, Stage, and Screen Favourites

as a cannon-ball found on the field of Flodden?" "Sell it as a fossilised acid-drop from the tombs of tha Pharachs, for all I care." retoried Luna apathetically.. Foulenough should

study Chagull

up

The clearest case in the Calculta Elec- trie Supply Corporation. An is well- known, the West Bengal Government was entitled, and was widely, expected. to give notice on December 31, 1047, 10 expropriate this undertaking.

When the West Bengal Government refrained from doing so, there was en impression that it had postponed Action for only a title white, pending negotiations with the company to arrange a different method of valuation.

But the Chairman of the company has tow made it clear that it no longer ex- perte to be taken over, and 11 proposed to doubts its capital in order to finance needed extensions of the Calcutta diant. Shareholders who were expecting to be bought out will thus thatead have to put more money in.

Un

'the'

this reversal of prospects, Block Exchange price had fallen in tho last couple of weeks from more than 47/- to less than 417-. A shareholding in what is believed to be the best power station in Asia is still regarded an a good investment, but I no longer ranks as a quick money bet for the specula. tors.

TYPICAL FEELINGS

This company's annual meeting on June Z may provide some clue as to how a typical group of British Investors feel about doubling instead of cashing their Investment stake in India,

This company alone will have to in- veat several million pounds in India in the next two or three years, a very large sum for one company and not negligible for the entire British economy

ha

in its present over-strained condition. The chairman of the company expressed the opinion that weighly con.. eiderations of policy, which the Indian Central Govemment has stressed. fluence the West Benga! Government

against exercising its option to buy.

He remarked that the West Депре! Finance Minister, following Pandit Nehru, had realistically emphasised that the Government must concentrats on en- couraging production Instead of blocking

an A farro forces in nationalisties

Dritish Investors and officials are thus beginning to realise the full implications of the Indian Government's Industriat policy declaration of April that, for stata could contribute more quickly to the increase

foreign Rails, Canadian Pucine were

3/80:

оп to 25-3/4

Canada's Improved economie outlook.

Gut-edged

after some me to come, the securities weakening, recovered, and closed of national wenlik by expanding its mostly unchanged.-United Press. present activities wherever it is already operating, and by concentrating on new units of production in other fields. rather than on acquiring and running existing units."

LONDON SILVER

Sitver. Brut, per ounce .....

Argentine peso

U.S. Doller Sterling

MAJOR LANDMARK

This, and the various other points in titat important declaration, are regarded

eminently sensible and, indeed,

an

jiriory.

Sw. Fr. But they require a reorientation of 0.75 ideas in the quarters concerned Here, 4.01 and their full repercussions, in India 11.20nd on Britain, will take a long time

to work out.

United Press.

Officials at the financial delegations of India and Pakistan have now arrived in London. They began discusalong with Į British officials today.

London, May 31.

130 Silver, Forward, per ounce 431)

-United Press. THOSE who have now

Zurich, May. Tullowing rates led the pve up to now unterwur cloted on the unuficial Exchange majus Jandiark In India's Industrial find in "The Listener" Mr Michael market here today: Ayrton's estimate of him. Chagall, in brief, was a "pact-pulnter; he projects into the startled air the unheroic visions of cows with para- presented by Alleen Woods (Studio) A Americans suffer specch defects, violins to peasants who ignore the PPROXIMATELY 4,000,000 sols and of tragic fish playing their 8. World and Home Now (London Ite- lay): 0.15, Music of Lecocq: 0.35, "The according to Martin F. Palmer, pre-law of gravity, Again, "To accept Twelve Pound Look" by Sir

amesident of the American Speech Cor- Chagall's world is to accept the es- Barrio (BBCTS)-A Play! D, Summer Concert. The Great Masters"-Norection Association and director of rential fact that a man with a a green Beethoven: 10, World and Home New tho Institute of Logopedics.

face who has been put into a a trunk (London Relay): 10.15, Weather Report; 10.10. Planoforte Musle by Grieg: 1030.

by a sheep is no less real than a mian Musle for Dancing: 11. Haillo News Reel

dred face who has made a has never set eyes on." And people fortune out of dealing in sheep he and Close Down.

say I exaggerate the peculiar brand of nonsense talked by art-critics!

The 4,000,000, he said, have de- feels of to serious a nature

that

London Relay): 11.15, Weather Report they are seriously handicapped in their attempts to lead normal lives. He believes something should be done to help the defective speakers,

Wichita, as an example.

OUTWARD MAILS and offers his institute, located at

TUESDAY, JUNE 1

Closing Times By Air Swalow, Amoy, Tainan, Foochow, Shang- hai, Nanking. Hankow, Tsingtao, Pei- ping and Kweilin, 3.30 p.m.

Closing Times by Bea & Train Shanghai (Bea) 3 p.m. Halpting (Rea) pam Japan (Ordinary letters and cards only)

(Sex) 3 p.m. Macao (Bea) 4 p.m.

Canton (Parcels 22 2nd class mail) (Sea)

5 р.

WEDNESDAY, JUNE 2 Closing Times By Alr Canton, (Kowloon CPO) 7.30 a.m.. 10 am.. 12.30 p.1, a pin.; (Gro) 7 amn., 0,30 a.m.. Noah, 230 pm.

Manila, P.L. Renolulu, USA and Canada.

0.30 4.m. (reg): 10 a.m. (ord), Shanghel, 11.30a.m.

Bangkok. longoon, Calcutta, Karachi. Bahrein, Calro (Nairobi, Johannesburg and Marseilles via Calro) Augusta and London. (Kowloon CPO) 1 p.m.; (GPO) 3.30 p.m.

Japan (Ordinary letters and cards`only);

3.30 p.m.

Shanghai, Nanking. Hankow, Tsingtao, Pelping, Amoy, Swalow and Holhow, 3.30 p.m.

Closing Times By Sex & Train Maçao (Sea) 0 a.m. Shanghai (8) 10 .. Manila (Sex) 10 a.m. Straits (Ben) tú a.m. Teamkong" (Bea) Noon. Macao (Be) 1 p.m. Canton (2nd class

I pm. Macao (Sea) 4' pm. Kangmoon (8ea) 8 p.m.

mall only) (Tralo)

Canton (Parcels & 2nd class-mall)' (52)

8 p.m.

It has no facilities for boarding children, so all trainees must be day pupils. Three lessons, a week of 30 minutes each constitute the usual training programme, he reports.

No child is accepted for training, according to Palmer, until medical He reports approval is received.. that since no two cases of speech defects are alike, each case must have individual training.

1624

_EDIDAS PATEI ́ETRVICE.

with a

CHECK YOUR KNOWLEDGE

Answors

1. Sweden,' Finland, Estonia, Latvia, Lithuania, Poland, Germany and Denmark. 2. The art of writ- ing in cipher. 3. Sake, a rice wine. 4. Pharos, built by Ptolemy 1, 283 B.C. b. The second battle of Ypres, April 22 to May 24, 1915. 0. It is distilled from the bark and leaves of the witch hazel shrub.

-Penberthy

THE SATURDAY

KVENING Pour

Hike In Tin

Prices

London, May -Increased buying and selling prices for Malayun tin and Nigerian in concentrates, effective June

The talks between the Chancellor of the Exchequer, Sir Stafford Cripps, the Indian Finance Minister, Mr Chetly, and the Finance Minister of Pakistan, Mr Ghulam Mohammed, will start on Mon- f day, June 7 They will be comprehensive

and will cover all the problema relating. to the sterling balances held by India and Pakistan-Neuter.

A were announced today by the Ministry U.S. Consumption

of Supply.

tin

Tho buying price for Malayan metal increased from £50 to £854 par ton at the ameltors works at Penang

br

for Singapore, The buying pries Nigerian in concentrates in increased fi

Of Cotton

Washington, May 31-The Agri-

from £485 10% to 535 10s. per ton of culture Department nunounced today tin in ore plus loading charges, at that while cotton still supplied Nigerian ports.

almost 60 percent of US, textile is | tam The selling price of Malayan tin raised from 2005 10s. to £335 10% per requirements, the use of rayon in- fon at the smelter.

creased during 1947 to an all-time The Ministry of Supply also announced, high of nearly one billion pounds. effective June 3, thal sho United Kingdom welling price of tin of minimum 69 per. eent up to under 90.76 percent un content will be increased from £510 to 14560 per ton Lo.b. United Kingdom port for delivery to UJC. consumers' works,

Other grades are increased or follows: Refined tin (99.75 percent minimum) from 21 103. 10 £572 105.

Reaned tin (9.9 percent minimum) in 28 pound ingots, from £527 to £577.

Grain bar tin from 2530 to £509. Granulated to from £544 to £594-- Associated Preis.

Argentine, Brazil

And Sterling

The Department said that the con- sumption represented more than 12 percent of total U.S. Libro require- ments,

The Department also stated that Ma annual survey of fibre uses which was recently completed showed the following percentages of various fibres used in relation to the tolal U.8. consumption:***

Cotton

66.7 percent

Jula

Nine hard tibros, sueli o's sisal and Manlia hemp

Flax

x

Bolt hemp

0.0

Exchange Rates

сол-

The Department said that the sumption of cynihelle fibres, including nylon, represented only 0.7 percent of the national total. It stated that shout 50,000,000 pounds of synthelic Abres. London, May 31-Argentina and apart from rayon, were used in 1947 or 3,800,000 pounds Jess-than. 1048-United officially Brazil today

were FC-

PICKR. moved from the transferable де- count aren by an order distributed to all banks over the week-end.

The Treasury explained that the order meant that Argenting and Brazil, as from Monday must TC- quest special permission from Bri- tain to spend Sterling in Sterling area countries or in other countries where Sterling is acceptable. United Press.

8

Business was done in the local un- offelal exchange market this morning at, the following rate: Chinese dollars (per CNS m.)

18. dellars (per US$1) Gold bars (per tael). Piastres (per 100) Blani Ticals. (per 100). NEI guilder (per 100).

Sterling notes (per £3) a

5.00

13760

$15.00

23.30

44.00