1949-05-02 — Page 5

THE HONGKONG TELEGRAPH, MONDAY, MAY 2, 1049.

US "Cut-Costs" Group

Steps Up Its

Offensive

ECONOMY AT HOME

AND ABROAD URGED

economy

Washington, May 1.-Leaders of the bloc today. Senate's bipartisan stepped up their drive to cut costs, both at home and abroad, to American taxpayers.

The group is confident it can trim enough off home front military spending, foreign aid and the new arms for Europe programme to keep the Government's books in balance with- out weakening preparedness plans.

Argentine To Take Over All Public Utilities

Flushed with victory from lant week's Senate vole which sent the labour Federal security bill back to the committee for an overall five per cent cut. In- dividual members made these proposals:

1. Overhaul of the military budget, as recommended by the Hoover Commission, to eliminate "staggering waste" and save an estimated $1,500,000,000 a year. United Airplus of 2. Sale States arms to Europe at cut rates so that Amerieun tuxpayers to bear all of Buenos Aires. May 1-Pre-would not have

an the $103,000,000 cost. zident Juan Peron today nounced that if publle utililles not already owned by the go- vernment would be nationalised under the new Argentine con- stitution.

of the new 3. Scrapping aims programine completely in would be favour of a stronger US fight- tru force which nvaltable if any Western Euro- Prezident Feron, delivering the jucan nations were attacked.

4. A cul in European re- "state of the nation" message at

spending, wherever the opening session of the Con- covery

would possible, on the basis of com- Hress, sald that utilities

taken over by amicable modity price drops. agreement if possible, but would be expropriated "when

be

Insists administration The their that the arras programme--pru. up the Nort owners refuse to accept reason-posed to back

pact-musi able solutions."

from

those

Atlantic security be considered separately

He said the enterprises to be the nation's own preparedness but the ecanicity taken over included "all

programme,

favours

one balancing which, due to their own particu- bloe

inr matures, must be operated reinst

17 saving the other, only to serve the community little fere and little. there to without the aim of proft."

case the financial burden. Th: Foreign Relations mille chairman, Senator Tom

The President did directly to the

the

that

com-

n as

Robert Niles, 22, Oakland, Calif., stunt man is shown as he feaped from San Fran- cisco's

Gate Golden bridge (left) and ns he appeared in the water (right)

power cruiser came up to pull him out after his suc- cessful plunge. It was the first time anyone had made a successful parachute jump from the span and was Niles' second attempt to leap from the bridge. The ex paratrooper was ar- rested the first time and again when he suc- ceeded.-AP Picture.

Approval Of Treaty Is

Assured

'Chute” Jump From San Francisco Bridge.

MacArthur Calls For 30,000,000 Bibles For Japan

Tokyo, May. 1.-General MacArthur be- lieves that 30,000,000 copies of the Bible needed here to christianise Japan."

ad- 7,500

arc

General MacArthur expressed his views to Mr Glenn W. Wagner, who is in Tokyo as for eign secretary of the Pocket Testament League.

week Air Wagner This dressed

than more Japanean

students college several Tokyo universities, gave them bibles and outlined a pro- Cramme for distributing some July 10,000,000

scriptures throughout Japan in the next 10

years.

Mr Wagner is in Japan at the invitution of General MacArlliur und has talked geveral times with the Supreme Commander about plans to distribute 1,000,- 000 pocket testaments in the first year of the programme.

In

Wild Flight From Hangchow

(Contrucd from Page 1.)

Chinese Estates Ltd: Profit Of $300,000

A

WAS

of the

net profit of $345,345.10

reported

the 22nd at grdinary Yearly meeting of shareholders

Chinese Estates Limited, held on the Afth floor of China Huilding this morning. Mr Leung Kwal-Un. Chuirman of the Board of Directors, presided.

In his speech, the Chairmion said:

Tho not profi for the year, after providing for reserve. for depreciation an China Bulid- Inga or $60,000, directors' and auditor's fees and all expenses, amounts to $203,318.74, which, added to $82,019.30 brought forward from the last account, rhows a total of $345,348.10.

The

net profit

TO-DAY

At-2.30, 5.15.

QUEEN'S 720 & 9,30

ONLY

AM = (21) NEPOTESTING WES

PAREHIS! WATCH YOUR BABEN-

WHAT EVERY GIRL

TERS! THIS IN FREE

14-3-M's SWEETHEART OF A PICTURE!

SHOULD KNOW..

bons her firm sist

* shows her first rondarías /

with one!

about ponysking ixciting

CYNTHIA

CCORGE

P.M.

B.L. MAZY

ELIZABETH TAYLOR MURPHY SAKALL · ASTOR

profit for the year ADDED: "TRAFFIC with THE DEVIL" chaws an increase of $84.385.21 See how the major cities of America adjust

over that of the previous year.

This is attributable to an in- crease in rent receipts of $84,- 358.03, dividends on share in- vestments of $0,007.50 and sundry receipts of $272.00, which 15

counterbalanced by a

general Increase in the various items of expenditure owing to high Costs, amounting to about $27,002,04.

As was done last year, the sum of $60,000,00 is again pro- vided for Reserve for deprecia- tion of China Building, no your

directors are

are of the opinion that, while the financial position of the company permalis, our efforts to strenghten our reserves should be continued.

During the year nu Interim dividend of $4 a share, less 10 per cent of tax, has already been paid. Your directors are now pleased to recommend a Beni dividend of $5 hare. free of tax, making a total of $ share for the whole year.

After payment of the final dividend, which absorbs $82,500 there will be balance of $190,- 848.10, which your Dircétera propose, with your approval, to carry forward to the new ac- count.

Before moving the adoption

of the Report and Accounts, I wish to

sincere express my thanks to

secretory and other members of the staff for another year's good work.

Mr Lo Yuk-man seconded.

RE-ELECTIONS

were

the

Atessrs. Fung Ping-ton, Leung Ting-kat and Li Ku-sze re-elected directors, on proposal of Mr Leung Kin-wun, seconded by Mr Leung Song.

Mr Li Tung was re-elected auditor,

lis mentioned transportation, power facilities, telephone Ceanay, cald in the meantime telegraph services, waterworks,

Mint Me liry Wallace, third didate. and sanitary installations.

party Presidential.

The communique mentioned

Present at the meeting were not refer and Le Tagene Dennis, szere- aust Party,

**Nationalist forces con- the Communist

1-The remaining fa

Mezara Leung Kwal-tin (Chair. of the

Washington, May

linued to hold Chihtang foreign-owned public facilities we & nn trial in New York. Sense Committee hearings on

aman), L Yik-mul. Leung Ting- Mr u letter to before his the North Alande Treaty will

Wamlet about three miles North Rai, Fung Ping-fan and Li Ka- in Argenton, which are rela- want! be called

up" op: enter tively few, but

week to General MacArthur wrote: " of Kunshan (35 miles West af sze (Directory) and the follow- It was

their second Pre-Committ~ to "head

of bibica has my

ing unanimous distribution

shareholders: Mok Han, Shonghail be would sumed

they

with the Prien to the North Atlantic morrow

of the Committee hearty endorsement and I sin-

The situation in Kunshan Leung King-wun, Leung Sang. affected equally with the caterafine. The Committer hopes

approvd

Chang Yuk, L prises owned by Argentine pri- finish the hearing of "friend virtually assured and the pin cerely request any assistance was not clear. Telephone and Lo Yuk-man.

the of representatives vale interezis,

per-rail server to that village were Tung, Li Chung-pe and Loung Ty" "witnesses this werk.

pects of the hearings thaishing the

League may need in the Mr Rubert Lovett, forme

well shend of schedule.

eit, and it appeared the Ress Ting-ngok. who

Almost President Peron promised that

the only opposition ormance of thele duties.

occupied or were "I have urgently requested the either have In last week's nationalisation of public Under-Secretary of State,

helped to get the pact, nego to the Treaty

hearings

from two Pucket Testament League to attacking. Kunshan utilities "implies no limitation or

The number of troops paru- RICE EXPORTS men- make available to the Japanese restriction whatsoever on pri-tiations going, is to testify to- nwrrow. General Omar Brud-

Senators, who are not

INCREASE vale Initiative, whose

The communique did not tribution in the industrial, com-ley, Army Chief of Staff, thebers of the Committee but who people 10,000,000 portions of the cipating in this netion did not

Washington. May 1.--The former Serrulary of War. Masked for permission to cross-Scripture other than the 1,000,- car to be large.

and the

mention the situation South of Agriculture mercial or Onancial fields most

Department examine

leading Government 000 which were in the original

| plan."-United Press.

Lake Tal. -nevessary_to_the_development of

parted that rice exports from every organised and democratiefner Supreme Court Justice winces for ratification.

The strategy beling ursues-

There, if I believed the Slain, Burma "and""Indo-Ching" Mr Owen Roberts will also be

the

Conununists the Administration in

making heard,

months during the first three Opposition witnesses will in-

presentation of its case Another portion of his speech

chow and possibly the whole for last year's similar period. was devoted to foreign relations,clude the American Slay Con- that they are so confident that

Northern coastline of Cheklangbut expressed the opinion that pledging Argentina to friendship cress. American Soviet Friend- the Treaty will be ratilled by an overwhelming majority that they

province.

there would be a decline later with all other American nationsship Council, Farriers'

are direction their major efforts

Shanghai was singularly quiet in the year. the and reiterating Argentina's de- Council of New York, and the

National Committee of Arts, to "gelling" in advance

May all day. There were no termination to press her claims

Professions. and

military assistance programme in the Antarctic. particulurly Sciences

with which the United States to the Falkland Isinnds-United United Press.

will implement the Treaty. Press,

nation."

Gas Nationalised

con-

Robert

Patterson,

Joint

SHIPS COLLIDE

еяте

are

ro-

THE BERLIN or effort aimed at lange this year were abovu exporis

BLOCKADE

(Continued from Page 1)

for Politica cretory of State Aftates.

It

The Department aid 1,000.-

Day demonstrations, no panic 000,000 pounds were exported

and no mass evacuations.

from the "Big Threo" rice The feeling continues to grow countries during the first quar- that the Reds intend to seal offer of this year, compared with Shanghal and its immediate

vicinity along the lower Yangise, 1,420,000,000 in the same period and then turn their attention Siamese

inst year. It pointed out that

deliveries had telsewhere, possibly lo drive

than

doubled, but Indo-China's South either from Hangchow or

had declined and Burma show- Hankow

bath.-Associated

cd only a slight increase.

The effect of this may be to lose them some votes for the Treaty itself but they will, at

is assumed that he will Acheson unless the same time, win other votes next see Mir New York. May 1-Two ships for the arms programme when he receives an urgent call

Heturn to New York to resum enllided In New York harbour that comes up for approval.

that the

us talks with M. Mulik. Pre- 1.-Britain's three-quarters of a mile off Am- | ม May London.

appears

will

Lurther discussion in Congress comsumably brose Channel in dense for late night Labour Government took over

gas industry today.

jover the the billon dollar

military d Pro will depend upon the Krem- The ships were identified on Sunday. It was the seventh

major industry to be nationalised the Marine Leader and in four years.-Associated Press. Jalakety-United Preri.

SIDE GLANCES

AS

gramme

and not

over

Teal

with

the is instructions to M. Mult the Treaty. But, whereas the Ad- the light of his report' va

two-last Friday's exchanges ministration requires third vote in the Senate for a Dr Jessup, ratiñention of the Treaty, they only require a bare majority of propriate the

MORE SECRECY

Press.

OK

MORE AID PROMISED

more

It said, however, that Burmese rice exports were expected to decline sharply during the re- Canton, May. 2-More aid formalnder of the year unless civli the defence of Central Chim strife there ended, and the total was retortedly promised Gen-for 1040 may not exceed 2,000.- This meeting was reported to crai Pai Chung-hist at a con-1000,000 pounds, compared with

been satisfactory." but ference of military leaders here last year's 2,725,000,000,

It also pointed out that Indo- on Saturday night. The more ald required the State

rice

from Department yesterday

exports for re-arming Europe.-Reuter, inade it clear that secrecy had pledge to Ll Taung-len's right Chinese

came from Chang Cochin-Chino were now blocked ucen re-imposed after the out-hand man burst of information last Tues- Kai-shek's Premier, Ho Ying-and resumption depended upon unpredictable poilleal factors.- dos, which followed the Russian chin.

United Press.

By Galbraith Cares to cuthorise and ap. have

.3-10, DOM 149 BY MEA BERTICE, BC, 2. M, REG, U. 6. NÁT, DET, "Now let's have your nine bright ideas about how this should be fixed before I start it, not after the project is completed!"

MAD #THEW BIT 20% 100!

"

funds

Exhibition

Paintings

Of

disclosure of two conditions for

General Pat told reporters racing the Berlin blockade. following the conference that

The New York Tones, old to- Hankow will be defended to Off To Moscow day that the Soviet delegate to the last. Observers here pre- Ankira, May 1-Sir David the United Nations, M. Mallk, [dict, however, that General

the today for London. the only praised the

Postonishing pro-

had "tacitly agreed" to the Pai's forces in Hankow-what Kelly, retiring British Ambas- An exhibit of the paintings of Western stipulation that any few there are--will be forced rador to Turkey, who has been Mr George Chann will be held meeting of the Big Four Foreign to move south should the Reds appointed to Moscow, left here

toward at St. John's Church Hall begin- Ministers on Cermany must not swing westward

Th01 In Q farewell message he ning on Wednesday, May 4. Mr interfere with the plans for aankow-Canton railway. callway is General Pal's Chann studied for eight years West German Government. at the Los Angeles Art Institute Sources close to the negotin- escape route back to his native gress made by modern Turkey. and spent two years on Its thems on Germany in Lake Kwangsi province, Already the uniler Kemal Ataturk and the President Ismet faculty before touring America Success said that M. Malik, in

of General par!

Pal's inspiration of with ly's art exhibit.

His last meeting with Dr. Jessup envy equipment has gone Incunu."

Sir David said that he had paintings have been on Friday, gave new assurances South to Hengyang in Hunan

by Turkey's of the that flussia would raise the Ber- shown at the Palace

General Pal reported that the been impressed

resources and Legion of Honor in San Fran- blockade on the two con flunan and

Hupeh provinces unleveloped. announced, are "rolidly behind the Cen-Industrial possibilities-Reuter. cisco, the California Art-Club; dillons previously-

tral Duthorities in resisting the San Diego Gallery of Fine the Times' report said. Arta, the Foundation Art in Los

His

najor

of Western These were that the Western Communist aggression."

Gen. Pal made this statement Francisco Mudeles, the San Powers should simultaneously

all_counter-blockade In the of Art and remove

measures and agree to a date for Hunan Governor Cheng Chien face of assertions by the New House Gallery in New

a meeting of the Council of York. A number of his paintings have been retained by these In-Foreign Ministers on the Gerlost month that he would de

stitutions.

M Chann's exhibit la in- teresting as the work of Chinese who

man question-leuter.

fins concentrated Jerusalem Given on Western art. He returned

to China only about a year Air Raid Warning.........

age to paint in thin aren.

Radio Hongkong

H.K.T.

0 Programme Summary: 4.01, "ti

0.30, Ting

Orchestral everything in. his power towing "prevent the Central govern-Favouritest 7. Hospital Request 1st

Hour Presented by Joan Austen

25ulf Portuguese ment from bringing the war to (Studio) 730, Biman."

four (Btudio); . World News and Lieutenant-General Wang News Analysis, London Relay): 5.10, ▲ Bhip Built A Talk by Oscar E Ho-hua, Deputy Chief of Staff | provis" (studio): 628, Mentovant and of the Hankow Command, who is Orchestra: 8" Like What I came here with Gen. Pal, told Like Presented by Prie Niall.

(Studio); 9. "From the Editoria's Tel-Aviv, May 1-Air, rald reporters Red General, Lin Flav London Relay $10,Conforte": American Consul General, Sir sirens sounded in Jerusalem has about 100,000 troops outside Ext: Concerto No. in A Major, for Shouson Chow and Mr Robert shortly after-duk today when of Tankow pitted against, a Plano Orchestra Mintaurynski and the Philharmonic Orchestra; 30; L- Bruce of the British Council an unidentified plane was de- superior number of govern don Playhouse; "fleuth Takes Holl

forces behind entrenched

poslay" with James Mason; 10, Lino aro sponsoring

exhibitfected near the city.. the

Mariane and Jeng Cavall "Entertain which will be open to the The sound of explosions was lions,

General Falls to proceed to you! 10.25, Music for Dancing; 11, public from May 4 to 7 and reported from south of Jerusa

Radio Newsreel (London Relau n. Jówangel-e-Artoclated 11:15. Weather Report (and. Cines May 10 to 13 from 10 am to lem, hear, Bethlehem Unted "wellip In)

dawn 10 p.m. My Morgan Press

Mr George D. Hopper,

their traffic problems of to-day!

SHOWING

TO-DAY

OPENING TO-MORROW

WARNER BROS! Sensation!:

"BECAME A

CRIMINAL

SALLY GRAY

TREVOR HOWARD

GRIFFITH JONES

MAJESTIC

ARTURO DE CORDOVA TURHAN BEY LOCILLE BREMER

Adventures of CASANOVA

At 2.30.5.20, 7.20 & 9.20 P.M.

NEXT CHANGE:-BY, POPULAR REQUEST!

Douglas Fairbanks, Jr. in “SINBAD the SAILOR"

ALHAMBRACE THEATRE

SHOWING TO-DAY at 2.30, 5.15, 7.20 & 9.30 P..M

EN ÉVERZO CHALA

EXECICERO

TO-DAY

ONLY

“Good Morning, Madam.....

could I interest you in

my latest line of laughs?"

COLUMBIA PICTURES presenta, ́

RED SKELTON

as

HAT MR. JONES Co-starring JANET BLAIR ·

mah lục Thốếu • Kley Bondu - Sille began » Joan Ford » Sandy Hershell. Produced and Directed by S. SYLVAI SIROM'

Cathay

At 2.30, 5.30, 7,20 & 9.40. P.M.

WINNER OF 3 ACADEMY AWARDS OF THE YEAR! A DANCING, SINGING, SWINGING-LOVE-TALE!

TO-MORROW:-ROBERT MIT

Page 5Page 6