1950-11-20 — Page 2

THE HONGKONG TELEGRAPH, MONDAY, NOVEMBER 20, 1950.

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DUTCH AND INDONESIA NEGOTIATING TO WORK OUT NEW ECONOMIC PACT

The Hague, Nov. 19. :

Dutch and Indonesian Ministers are to meet in a private conference tomorrow here to work out a new economic and financial agreement. It will be based on the proposals of a joint commission of experts which has been working here for several weeks.

The commission, it is understood, has agreed to recommend that Indonesia should remain with- in the Dutch monetary sphere regarding countries which are members of the European Payments Union.

limited

convertibility within the Organisation for European Economic Co-operation (OEEC).

This could be done, they have pointed out, by maintaining Indonesia's special account with the Netherlands Bank, through The commission has also which that Bank acts as cashier agreed, it is understood, to end for Indonesia in trado with tripartite trade negotiations and third countries.

agreements, replacing them by Indonesia could thus receive preliminary consultations, be- the fullest advantage of un-tween the Dutch and Indone-

+

Power Line To The Rescue

stuns so that only one delegu- tion representing the two coun- tries would take part in falls with the other countries,

'Another decision is believed to be for a relaxation of cur- rency regulations between the Fresno, California, Nov. 19.

two countries to facilitate United States Army

money transfer from Indonesia engineers used

and a 12,000

attract new investments volts power line to rescue

to that country. 35 people marooned by floods from a small island In the King's River, near here.

After other efforts to rescue them had failed, the engineers har the power supply cut off, then put a rope across the power line and used it to ferry a small boat back and forth across the swollen waters. —Reuter-

REPUBLICAN

OPPOSITION

Suggested ways of easing the rules are full transfer of nor- mal profits, partial transfer of writings off and the transfer of current private incomes from property in Indonesia.

Singapore Fire

Tragedy

Singapore, Nov. 19. The police today arrest- ed a Chinese who was 33 lodger in one of the 11 wooden houses burnt down in Singapore.

Eleven people were buried la UAUAN ANG 10US. rendered bineless. Thred

· Copra whphbuses were also burnt down.

Firemen raking through the debris of the houso / where the arrested man had lived found charredi remains of six children,

including an 11-month-old' baby.

The father of this Chinese family died · of burns in hospital, the mother was so badly burn- ed that she was not cx+ pected to survive, and three relatives were burnt to death along with one cther man-Reuter.

Jewish War Vets

On Parade

London, Nov, 19 istins Ten thousand Jewish ex-ser- » vicemen and women from all One unsolved economic prob- | over Britain massed on the. lem which tomorrow's con- Horse Guards Parade, White- ference will tackle is the trans- hall, today for their annual. fer of so-called arrears of National Remembrance Service. dividends made payable in In-

With the Union, Jack at the donesia as well as payment of head of 55 waving standards, commitments in Dutch-currency veterans of the South-African. assumed by Indonesian citizens War and the two World Wars ~ and businesses before the war, marched, under lowering skics, ̈`* The amount of these ar- to the accompaniment of a rears was recently estimated dozen bands. by the Dutch Finance Minister, The service was conducted.. M. Pieter Lieftinck at about by Rabbi Israel Brodie, Chief

Rabbi of the United Hebrew:- The conference; which will Congregations of the British be opened by the Dutch Prime Commonwealth and Empire,.. 'Minister, Dr Willem Drees, is and the senior Jewish Chaplain expected to last three or four to the British Forces, Rabbi

Levy-Reuter.

100,000,000 guilders.

TO ACHESON days-Reuter.

Washington, Nov. 19. American economic aid to Yugoslavia may lead to a sharp clash between the Secretary of State, Mr Dean Acheson, and Republican opponents recently rein- forced in the Congressional elections, observers pre- dicted here today. -

+

Senator Taft, leading Re- publican who wants a "re- examination" of America's commitments for European defence, appeared today to be drawing increasing support.

Some Republicans who had not previously. objected to thé broad lines of the Ad- ministration's foreign policy

were reported to be ready to press their view that Mr Acheson must pay far greater respect to Congressional opinion in future.

The Republicans who will resist the State Department's programme of $85,000,000 aid to Yugoslavia include. Senator Knowland of California,

He recently told reporters that he would vigorously oppose any programme which gives aid to Yugoslavia while the Re-j 'public of China and the de- fenders of Formosa remain victims of the State Depart- policy of appeasement in the Far East." Reuter,

PRESS PHOTOGRAPHS ment's

Copies of photographs Ferry Planned

Tokyo, Nov. 19.

taken by the South China Morning Post, South China Sunday Post-Herald, China the national railway, authori- A plan is now under way by Mail and Hong Kong Tolo-tles to revive the Shimonoseki- graph Staff Photographers Pusan ferry service, which was

7 pre on ylow in the

suspendd at the end of the Morning Post Building.

ORDERS BOOKED

War

Under the new ... plan, two railway ferry-boats will be assigned to the channel run, reports the Kyodo news agency, -Reuter.

Their Majesties the King and Queen recently made

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(Central Press).

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