The Guardian from London, Greater London, England • 17

17 THE MANCHESTER GUARDIAN SATURDAY MAY 30 1953 Golf Trade Notes U.S. DUTIES ON WOOLLENS I EXTRA HELP FOR OVER 900,000 Pensioners Not Satisfied WARD IN FINAL Excellent Chance Company Meetings SUNDAY PICTORIAL NEWSPAPERS (1920) LTD. World-Wide Interests PROGRESS AND EXPANSION Mr Cecil H. King's Statement BRAZILIAN TRACTION, LIGHT AND POWER COMPANY, LTD. (incorporated under the laws of Canada) The annual meeting of shareholders of the above company was held in Toronto, Canada, on May 28, Mr Henry Borden, C.M.G., Q.C..

the president, presiding. He pointed out that capital expenditures for the years JH46 to inclusive amounted to $360,000,000 and that in 1953 capital expenditures would be in excess of the $81,000,000 expended in 1952. He stated that there was a tremendous demand for all services which the company provides. He referred to the three projects under way to increase electric generating capacity, firstly, the Forca- Graphic company would by now be earning steady profits has not been realised, though it got out of the red in two recent months for seasonal reasons. Here, too, building is taking place and here, too, I am confident that we have a fine investment that will improve with the years.

Both in Lagos and in Accra a Sunday paper is being planned and this should hasten the day when steady profits are made. During the past year the "Daily Mail in Freetown, the leading paper of Sierra Leone, was acquired. It had only a very modest sale, but this has increased under the new management from 1,200 to 5.500 and it is our hope that, when a suitable office has been built and the necessary plant has been installed, we shall have an interest in another West African newspaper able to hold' up its head in the company of hs flourishing contemporaries in Nigeria and the Gold Coast. In each of these territories our newspaper has a sale greater than that of all other news CARR TO MEET Beamish Misses BY PAT J-IOYLAKE. FKIDAY.

J. II. Ward (United States), the holder, and .1. B. Carr (Sutton) will meet in the final of the amateur coif championship here to-morrow.

AI-thouiih Can's many qualities of length, power, experience and character make him the finest available home opponent for Ward it is not possible to foresee any other result than a second victory for the American. Except in the match on Wednesday against Stranahan there has never been the remotest possibility ot Ward's defeat, ile won both his matches to-day with commanding ease and played so brilliantly against A. II. I'erowne in the semi-final that the score does Perowne much less than for few golfers, amateur or professional, can reach the 14th tee on this tremendous course in a strong wind with a score of better than fours. Although C'arr's presence in the final is richly dest-rved.

for this was the third successive year he has reached the semi-final, he was desperately lucky to achieve his heart's desire. After a terrific struggle against J. T. Lambie in the morning three tragic errors of judgment by C. H.

Beamish, two of them on the last crucial hole of the match, allowed Carr to escape when was to all intents and purposes beaten. Once again the brutal quadrilateral of the practice field, the thought of which will haunt poor Beamish for the rest of his days, was responsible. On the first hole of the match Carr drove out of bounds, whereupon Beamish followed suit with his second shot instead of playing safely to the left, where there is no out of bounds. He lost the hole instead of winning it. The golf to the turn was patchy and Carr was one up Then Beamish found finest golf, nlavine the tenth to the fifteenth in 4-3-4-3-4-4.

His shots through the greens were absolutely straight, his approaching and holing out perfect, and then came the first great mistake. One side of the practice ground juts diagonally into the sixteenth fairway. The shortest route to the green is over the corner with the second shot, the driver, therefore, is tempted to play as close to the cop as possible. Beamish stood on the tee two up. but instead of driving safely to the left and making sure of a five, leaving Carr to go for the four, difficult even downwind, he drove out of bounds.

A great and brave iron then won Carr the seventeenth when Beamish missed his second shot from a cuppy lie and all was even. A Good Half The eighteentn uas well halved and Carr's drive came to rest in the rough at the bottom of the nineteenth. His second shot finished in the long sand scrape adjoining tne cop and short of the green. Beamish's drive was perfectly placed past the corner. He knew that Carr almost certainly would take five, therefore he must play to the left.

But unwisely he aimed at the flag, and although the wind was from right to left, he cut his "four wood shot far out of bounds. It is easy to condemn Beamish's stroke, but who can tell the thoughts and fatigue in a man's mind at the end of an exhausting day. Perhaps Beamish's concentration died for a few seconds, and no one who has not plaved competitive golf can quite how easily that can happen or how fatal the results can be. Ward's match needs little telling. Two glorious strokes won the first, an exquisite made a three on the next, and Perowne was two down, having played the holes well.

Ward almost reached the third green into the wind with two drivers, plaved a fine bunker shot, and then missed from six feet. This was his only five. Perowne played admirably and coolly. He was steady, straight, and comDetent except for under-hitting his putts slightly. Ward once missed a three, but later produced five consecutive fours, which Perowne simply could not match.

Perowne can reflect as meagre compensation that he would have beaten the better ball of Carr and Beamish to the turn, whereas at this point he was four down to Ward. A real Hoylake morning ensured a fine examination for the golfers. A strong wind The Thirty-third Annual General Meeting of Sunday Pictorial Newspapers (1920) Ltd. was held on May 29, at the Memorial Hall, Farringdon Street, London E.C. Mr Cecil H.

King, the Chairman and Managing Director, said You will have seen from the circulated accounts that the trading profit of your company is somewhat down the investment income somewhat up. On balance there is a drop of about 44,000 before taxation. The decrease in trading profit was partly due to the extra pages we were able to publish, large newspapers being less profitable owing to the price of newsprint. During the year the editorial side of the newspaper was reorganised. Mr Hugh Cudlipp, Editor of the "Sunday Pictorial," who joined the Board during the year, was made Editorial Director of both the "Daily Mirror" and Sunday Pictorial." Mr Colin Valdar, Assistant Editor of the Daily Express," who was with us for some years during and after the war, accepted the post of Editor and joined us early in May.

Increased Circulation. The circulation of a newspaper is the essential foundation on which all else depends, and I am sure you will be glad to know that your paper increased its sale by 200,000 over twelve recent months and is now in the second place in this country and in the world. We are not, however, resting on our laurels and I nope to be able to report next year an even higher figure. The higher sale enabled us to effect a small increase in our advertisement rate in February this year. In spite of this increase our columns are fully booked perhaps because our square inch per thousand rate still shows a smaller percentage increase over pre-war than that of any other Sunday paper.

Thriving Newspaper Interests. As you know, your company has a -large interest in the "Daily Mirror." This interest was reduced during the year by the sale through the Stock Exchange of a million or so non-voting "Mirror" stock units. This was due to a desire to improve your company's liquidity and to enable us to take advantage of any opportunity for profitable investment that might be offered us. The Daily Mirror sale is up and has touched its highest level since the increase in price to lid. We are hopeful that this increase can be maintained in spite of increased competition both from the rejuvenated "Sketch" and from our ever-brilliant and resourceful contemporary, the "Daily Express." Our interests include, as you know, a third main newspaper property in Reveille." which has grown since 1947 from a sale of under 100.000 to something over 3.600.000.

In the past year its profits were lower because of increased publicitv costs. This was due to the lively efforts of the "Weekly Overseas Mail" and of "Tit-Bits" to muscle in on our market. That "Reveille" has no cause for complaint at the measure of success which its competitors or shall I imitators have had is evident from the circulation figures I have quoted, which represent an increase of 550.000 on the year. Rising Sales In West Africa. In West Africa we are now interested in three newspapers.

The first acquisition was the Daily Times in Nigeria. This paper increased its price to ld during the past year and this led to a temporary set-back in the sale, but now the sale is rising again and in March showed an increase of 2,000 a day over last year. The sale is now round about 50,000 and that company seems to be on a steady profit-making basis. It is building a newspaper office in Central Lagos in three stages, of which the first is nearly complete. On the Gold Coast the "Daily Graphic" has come up from 3,000 to 41.000 in 2 years.

It has given us great pleasure to welcome Sir Leslie M'Carthy. the distinguished Gold Coast jurist, on the Board of the "Daily Graphic" company. Sir Leslie also recently became Chairman of the new Gold Coast government-sponsored National Bank. Our hope that the "Daily WARD THOMAS hummed in from the Irish Sea. grey clouds scudded low over the Welsh hills and then the sun fulfilled its promise by noon.

Two of the quarter finals went exactly to form but Rawlinson, most surprisingly for him. riruro hnriiv at the outset of his same with I Beamish, who was given an early edge which he was never liKeiy io reiniqut.su. The fourth game between Lambie and Carr was a great one. Lambie is a Scot who hai greatlv strengthened Cheshire golf these past years and this morning ne excelled himself. Altnough shgntly built ho stood up to the wind in splendid fashion.

A fast, compact swing is an advantage in a high wind and this Lambie has. He also showed much power of resistance and had putts of distinctly hole-able length fallen on the fifthteenth and. sixteenth, Ca-'- would have lost. One could sense Carr straining at the leash to get away from Lambie and this, perhaps, accounted for jrratic, almost snatched iron shots on everal holes. The sixth was crucial.

Lambie. who was 2 up. could not reach the green in two. but Carr. alter a great drive over the garden, hit his iron thinlv but jumped ihe bunker short of the green.

Lambie pitched beautifully to within six feet Carr was twice the distance away, but holed and Lambie missed. From this point the golf was excellent, Carr won the Dowie in three, and the next five holes were halved. Then Lambie played a perfect shot to the thirteenth which pitched almost in the hole and stopped within inches. Strong Wind Some idea of the wind's strength can be gained from the fact that Carr got home with a drive and a No. 7 iron to the fourteenth and the game was square.

The next three holes were halved, Lambie twice hitting the hole for a win. Then Carr placed an enormous drive 330 yards down the eighteenth. Although Lambie was far behind he played a splendid second which finished eight feet past the hole, but Carr showed his greatness by pitching in four feet away. Lambie's putt slipped past, Carr holed his for a great three, and another ordeal for him was over. Perowne could not get ahead against Draper until the seventh, where he played for the green and deserved his two.

When they turned into wind Perowne's class was certain to tell. He won comfortably against a golfer who. like Windrow, whom Ward executed formally, can have no regrets, for their presence in the last eight must have surprised them as much as anyone else. SEVENTH ROUND. J.

B. Carr (Sutton Dublin) beat J. T. Lambie (Sandiway). 1 up: C.

H. Beamish (Royal Portrush) beat D. Rawlinson (Soutbport and Ainsdale). 4 and 3: A. Perowns (Royal Norwich) beat J.

W. Draper (Innerleven). 4 and J. H. Ward.

(U.S.A.). holder, beat C. F. Windrow (Gerrards Cross). 5 and 4 SEMI-FINALS.

Carr beat Beamish, at the 19th; Ware? beat Perowne. 6 and 5. SCOTT KEEPS HIS LEAD S. S. Scott (Carlisle City) headed the sixteen Northern qualifiers for the Goodwin professional foursomes golf tournament at Harrogate yesterday with a total of 137.

He also won the Leeds Cup for the leading qualifier. Scott, the overnight leader, maintained his lead and finished two strokes ahead of Shelton (Wh.eatley) and J. Fallon (Huddersfield), who each had rounds of 72 and 67. Their second rounds of 67 were the lowest of the day. Four players tied for the sixteenth place with scores of 147 and in the subsequent play-off R- Cox (Blackpool North Shore) was successful.

The sixteen qualifiers were 1.V7 S. S. Scott (Carlisle City). 67. 70.

twB. Shelton (Wheatley). 72. 67; J. Fallon (Hutlders-tield).

Z. 67. 141 G. Knight (Moor 69. i2.

142 J. A. Jacobs (Lindrick). 70. 72.

143 T. Gardner Sandiway). 72. 71 144 K. G.

Geddes (Davyhulme Park). i2. 72; J. H. Balinwll (Northumberland).

68. 76; E. Large Mor-town) 71. 73: L. Toppina (Bolton Old Links).

71. 73. t45W. Lees (Shipley). 71.

74: W. C. A. Hancock 146 M. Birke'tt (Doncaster).

74. "2: H. W. Myefl (Leeds). 71.

75: H. Bosward (Barro). 76. TO. 147 R.

Cox (Blackpool North Shore). 74. 73. with Mr S. Gerber's Bluefin a moderate third of the four runners.

When Bluefin won the first race of her career at Manchester last year she performed in the manner of a champion. Experience proved that she was not a stayer, but it was generally expected that she would win this six-furlong event. She had every chance, led for three furlongs, but was beaten almost as soon as March Past tackled her. An objection to March Past was not sustained by the Stewards. The first race was expected to lie between Mr E.

Davey's The White Hope and Mr T. M. Baillie's Westaway. the "-secret of whose promise seemed to have been told to everyone by five minutes to two But neither the White Hope nor Westaway played any significant part in the finish in which Mr J. Westoll's Dotterel, leading for of the five furlongs, beat Mr S.

Bernstein's Blake-mere bv a length and a half. The Tote." which had been a little niggardly to its customers on Thursday; on this occasion was infinitely more generous than the old firm the Tote almost achieved the odd feat of producing a bigger dividend for a place ticket than for a winning one. Cricket and French lawn tennis on vaqe 18 56 52. Oris. VaL 326.

Now 15- 72 90. Orig. Val. 876. Now 426 MANCHESTER RACES The wool textile industry is rightly gratified at its success as a dollar-earner.

In recent months Canada has still been its largest overseas customer and the United States easily its second largest. The high value of the trade with the United States is all the more satisfactory because American buying is largely confined to cloth, whereas Canada and some other important customers take a considerable proportion of their purchases of British wool textiles in the form of tops and yarns. It remains to be seen, however, whether trade will continue much longer on its present lines. Employers' associations and operatives' unions in the United States industry are now claiming that imports of British wool textiles have reached the peril point," and that the Customs duties on them should be raised. When the duties were reduced under the General Agreement on Tariffs and Trade in 1947 an escape clause was inserted under which the ad valorem duties could be raised from 25 per cent to 45 per cent when the weight of imports in any year exceeded 5 per cent of the average annual weight of similar cloths produced in the three preceding years in the United States.

At that time, according to the "Wool Textile Bulletin." issued by the Wool Textile Delegation, the Wool Textile Export Group, and the Wool (and Allied) Textile Employers' Council, imports were less than 1 per cent of United States production. The bulletin admits that the decline in American production since the war and the increase in British exports of cloth have brought the "peril point" within sight, but says that, according to the most objective calculations it has been possible to make, imports in 1952 were still well below 5 per cent of the average of United States production in 1949. 1950. and 1951. American interests, however, by disregarding the finer points of the wording of the reservation, and in particular by comparing imports with one year, rather than with a three-year average, and by eliminating cloth produced in the United States for military purposes, make the percentage nearer to seven.

It is somewhat farfetched," the bulletin says. to consider that 5 per cent of imports imperil any industry and we shall never make much impact on the dollar gap if 5 per cent is to be the ceiling for this, the most promising of United Kingdom dollar export trades." VELVET CUTTERS' SMALLER PROFIT Buyers both at home and abroad have given good support in recent months to ordinary types of velvets and corduroys, and demand for some of the more expensive special types of velvets has no doubt been stimulated by preparations for the Coronation. It may be, however, that, although the volume of trade has improved, the margins for manufacturers and processors of these fabrics still leave much to be desired. At any rate, the United Velvet Cutters Association. shows a sharp further reduction in its trading profit for the year ended March 31 and the dividend on its Is 6d ordinary shares, which was 3d per share for 1951-2 and for 1950-51.

is to be reduced to 2d per share again. The report shows the year's trading profit as 11,839. compared with 27.485 for the previous year, and with 32.584 for the year before that. Taxation absorbs onlv 7.9t, against 17.000 for 1951-2, and the net profit is struck at 3.556, against after providing nothing, against 1.966. for depreciation of fixed assets.

No transfer is made to the investment contingency reserve, which received 2,000 out of profits a year ago. and. after paying the year's dividends the carry forward will again be reduced, this time from 5.884 to 3.533. RAW COTTON TRADE Commission's Prices Friday. May 29 The Raw Cotton Commission" made no change in ix M-limg prices lo-dav.

FRIDAY'S QUOTATIONS (In pence per pound! AT li Mi ut American middlint "1 In May August 32.UO Brazil Paulo Tyre 5 Staple May Aug 29 3(1 staple MayAug. 2V So Staple MaylAu. 29.WI Pakistan Fine a -ginned Punjab-Am May, Aug. 25 f.Eptun Ashmount SXSAS Mj Auiwi 2 75 Eisptian Karnak KOKO Mj A unit: 42 Ml Sudan fis KS Tyr 4S Mil 'Aujust 39.65 Pcrtjvun lanjut 52 A7 i Mat Aus-jsi 33 60 Liverpool Market Friday Dull on the iocal market. Inquiries from cor.tract-ing-out spmners were limited to Egyolian Ashmouni qualities for June shipment.

Business on week was unimportant and was mostly concerned with occasional sales of United State-; cotton for August failings. Activity in the Raw Cotton Commission's salerooms also was much restricted. Demand was chicdy for Peruvian Tanguis. Pakistan. East African.

Sudan, and Brazilian Sao Paulo, for July August delivery. Arrivals of raw cotton at United Kingdom norts during the week amounted to only ti.mn bau-s. against oaies tne week before. Shipment, included bale of Egyptian. bales Peruvian, 800 bales of Pakistan.

792 bale of United I Slates. W0 bales of Argentine. 199 bales of West African, and 140 bale- of Brazilian growths. The quantity of cotton at present afloat to this country is I bales, mainly Brazilian, Sudan. Argentine.

West African. Egyptian. Eait African, and Pakistan descriptions. American Markets NtW YORK. May 29.

Cotton fut.ires here closed steady. 14 to 22 points higher. irresular fluctuations took place in a thin market with most of the activity in the near-by positmns. Dealings stcie largely professional, the confused Korean situation and an inclination tn await further detelopmcnts in July tending to restrict trading. In late dealings, prices rallied to the best lencls for the day on a slight imprutrmcnt in mill buying against textile sale and additional short-cot enng in new crops influenced by large Mutual Security Agency cotton authorisations.

Cotton on the spot at New York was 15 points higher at J4.0S and at New Orleans was 10 points higher at 3310c. lb. Futures at New Orleans closed steady. 8 to 16 point higher. NEW YORK FUTURES lo-das's close.

Hith. Low. Thurs. 3 47-8 33.57 33 5X-60 33 67 33 6(1 July 33 61-3 Octooer 33 December 33. wi March 33.K4 May 33S.2 luly J3l October 13.05 Nominal 33 63 33 46 33.77 33 62 1 1 Ml 33 65 DM 36H 332 33 73 33 55 31 50 .3 3.4 33.05 32 94 326 Egyptian Market ALEXANDRIA.

29 The market was rather active, with more interest in Karnak than sinmouni. i umc nuinii nw" and India and to a smaller stent from the United States and Britain. A fall in the premium on the sterling import entitlement restricted saics to inc sterling area. Indian Market HOMBsY Mv 29 After cjrb cu.cinw the market slumped on hea liquidation bulls spot housrs. together with selling b.

bc.r. encourastd by the weakness in spot cotton and other commodities Closing qorlallons nn rupee per nuy 01 t. August. 702 utainst 7134 on lhursda). STATE SCHOLARSHIPS FOR PUBLIC SCHOOLS If They Have the Final Say State scholarships for public schools were advocated by the headmaster of Repton School.

Mr T. L. Thomas, at the school's annual speech day yesterday. He added that provided the schools could maintain their independence and their right to have the final say as to vvho should and who shouid not become members, they were prepared to share what they had to offer with anyone who was likely to benefit from it. At the moment there are fourteen boys out of a total of 477 from local education authorities.

But for reasons of economy, the local authorities have been forced to suspend the scheme, at any rate for the time being." continued the headmaster. More than nine hundred thousand pensioners are being helped by the National Assistance Board, the Ministry of National Insurance said yesterday in reply to statements which had appeared in The Old Age Pensioner," journal of the National Federation of Old Age Pensions Associations, about supplementary assistance and the results of an inquiry in 1950 about the amount of food consumed by some old people in Sheffield. The Ministry said that the journal had commented that it was no answer to a pensioner who was unable to make do with his pension to say that he could apply for supplementary assistance, because the supplementary pension was not granted for extra food, and the idea that pensioners could go to the assistance board for help should be exploded. "The best answer to the suggestion that it is no u.se pensioners going to the National Assistance Board or help is that over 90O.00U of them are getting help at the present time." says the Ministry. and if statements such as those quoted are not corrected they may do a great disservice to other pensioners by deterring them from applying for supplementary assistance.

The fact is that any pensioner living alone or any pensioner couple living by themselves who have nothing but their pensions can always get assistance." Of the Sheffield inquiry the journal had said that it disclosed that a pensioner had less than 2s fid a day for food, and that this amount bought only 1.000 calories a day. when at least double that amount was necessary. This was clearly intended to suggest that the survey had found that old people were living on 1.000 calories a day. The average was in fact nearly 2.000. "Missed Point" The National Federation of Old Age Pensions Associations last night said the Minister had missed the point of its argument, which was that the National Assistance Board did not make grants for extra food unless for special dietary needs and then only on a recommendation by a doctor.

"The Minister refer? to the Sheffield survev. This we used only as proof that our figures were correct, for our own survev which has been carried on for the past fourteen years and brought up to date this year, is ample proof that no pensioner or couple of pensioners can subsist on the basic pension alone. It is almost certainly true that very few o'd people do live from day to day on an insufficient amount of energy, but this does not mean that the baic pension provides the means. It doe? not. What happens is that sons and daughters and neighbours help to eke out the miserable rations which an insufficient pension can buy." PERSONAL CHARACTER NEEDED IN CRICKET From our London Staff Fleet Street.

Friday. The Cricket Society and the Northern Cricket Society held a joint Coronation dinner to-night. It was the first occasion on which the two societies had dined jointly. The guests included Major-General Sir Ian Jacob, Director-General of the B.B.C. Mr D.

R. Jardine. Mr S. C. Griffith, assistant secretary of the M.C.C.

Miss Rait-Kerr, the M.C.C. librarian and Mr R. C. SherriiT. Proposing the toast of Cricket.

Major-General Jacob referred to the visit of the Australians, which, he said, showed how strongly bound was -the Crown by the Commonwealth and cricket. He stressed the need for batsmen and bowlers to show more personal character and dominance in the game. In his reply Mr Jardine also stressed the need to play cricket more in the spirit of fighting a battle. CLUB AND LEAGUE CRICKET LANCASHIRE LfACL'E. Accringlon v.

rnritlJ. Kivup v. I.ait Lancashire. Burnley KjvbtensUll. Colr.e R-imibottom.

HasIingUen v. Nelson. Kishtun v. lovcrhtiusr. 1 Jen Church.

ON I HAL LANCASHIRE I.KAGl'E.- Hcvwood Rm.hdJ!e. l.it:IersrtMijh Crompton. MiJJIctun Asht.m. Mtir. Oldham v.

Movkporl. Hoston Kjjwiirii-. Wcrncth W.ilsden l-ANCAMIIRr. AND IOMIIRK I.E tiL K. Bollin jinn MwlrsttclJ.

Denton DuktnheM. Surd, l.onzsuhl last Letenhnlmc. l.eenhulm.-. iinlon Chcetrum. MOLION LEAOl'E.

Faalev Bradshaw. licrton s. Attley Bridge. Heatun s. Horwuh I Kearsley s.

larnorth. Little, Leer Walkden. Iongc v. etthoughtnn. BOLION ASSOCIATION.

Adlington Walker Atie and Collieries f-irnwarlh S.C.. Barton IUI1 Walkden Moor Methodnts. Clifton Athcrton Collieries. Little ilulton Ldsworlh TiKital C. lailor Bros.

HIGH PEAK I.KAt.LI. HaW Green H)de. Bus-si. rth Huh Lane Marplc. I hraule Hc.tth N.irnur.

British Railwavs v. Newton Mill. Trinity Wes Hope. DERBYSHIRE AND CHESHIRE l.EAt.L'F Htrvh Vjle New Mills. BredNir I)oe Holes.

Ch.ipel-en-le-Trith Havrteld. Compstall v. Komitey. Hazel Grove shJle linage. Mockpurt N.S.

ronton. NORTH-WESTERN I.EAGLE.- Burnase Drovlsden. Denton West Greenmount. Denton NorJen. Roc Green Fieldhousc Thornhim v.

Avro. Woodhouscs v. WixHlbank. SADDLEWORTH AND DISTRICT LEAGUE. English Steel Howery Field.

Grcenheld v. Saddleworth. HoUinwood Enarmerc. v. Austcrlunds.

L'ppcr-mill s. Delph. v. Mlcklehuist. NORTHERN LEAGL'E.

Darwen v. Kendal. Fleetwood Lancaster Eurnesn Chorley. Ley land St Armes. Morccambe LevUnd Motors.

Preston Blackpool. GLOSSOP DISTRICT LE AGl'E. Tintaisile Had-field. Mottram Hollirvamorth. OU Glossop v.

Dinting. Chartesworth Broj Jhottom, Newton v. Hyde I (. Iljrdlrv Ashton Irjt.tU.ir LEEDS I.EAGCE.--Leeds v. last Leeds.

LecJs Polue Holbctk. Hunslei Lofihoutc. J. and S. Rhodes c.

-Monti. Middleton Park Whitkirk. I'udsev Brit v. KirkMall IJ Highbury. Wo.Mliousc liumlct Nelson.

Colton v. Claytons, I v. Rothwell. Inirr-Dhisional Stanley s. Carlton.

YORKSHIRE COUNCIL. Ackworth Bcntlev. Apleby-J rodingham Allerton Askern Harwortb. Atlas and Norfolk v. Monk Brctton.

Rarnslev v. leeds. Bcighton s. Aston Hall. Brodsworth s.

Mitchell Main Butterftelds KnareshorouBh. Chu'kenley Hartshead Moor. Cortonood s. Dearnc Darrield selby Olympia. Dcnaby v- Sinlon.

Dewsbury Cleckheaton. Llsecar v. Thorncliffe. English Electric Steeton. Firbeck Sheffield Police.

EricUev v. Steel. Peech and Toer. Goole Town v. Mcthley.

Harrogate v. D. Brown Tractors. Heckmondwike v. StainelirTc.

Hemsworth Tong Park. Hickleton r. British Ropes. Hull Sheffield United. Hull Y.IM.

v. Scarborough. Illins-worth v. Ibackley. Laisterdvkc Soerby Bridie.

Mc.s-borongh Bulicrolt. Mirfteld v. Sc holes. v. Hanging lleaton.

Pontefract Eeatherstone. Rawmarsn v. King Cross. Rockingham Rossington. Rotherham Halifax.

Scunthorpe r. Hallam. Shiregreen v. I nglish steel. South Kirkby Leeds Zinsari.

Thorne v. Glass-houghton. Thornhill v. Wakefield. Wath Mattbv Main.

Whimood s. Castleford. VW.mhwell v. Oulton. tork y.

Doncaster. MANCHESTER AND DISTRICT v. Manchester. Broughton v. Bramhall.

Bury Monton. Chcadlc v. Didsbury. Cheadle Hulme v. Bolton.

Cheetham r. Casitleton. Earlestown v. Northwicn. Heaton Mersey Sale.

Leigh y. VHnmngton Pai wkh s- Cborlton. Newton Heath s. Newton-le-vAillowj. Present Weaste.

St Helens v. Wigan Timpcrlcy v. South-west Manchester. Urmston v. hallo Range.

Warrington Elixton. W'orsley v. Bowdon. YESTERDAY'S SCORES LANCASHIRE I.EAC.UE.-Haslingden lK or 6 Rishto. 127; Ramsbottom 5 for 6.

Nelson 150 for 8 dec: Bacup 165. Burnley 101 for 8. CENTRAL LANCASHIRE LEAGUE. Ashton 1SI for dec Rochdale J.s for Castleton Moor 8 for 5. Litilcburoutfh 6V; Crompton for i.

Oldham 169 for 4 dec: Middleton 72. Milnrow 94; Radcliflc 117 for 8. W'crneth 116: Stockport 131. Heywood 133 for Walsden UK Royton 152. LANCASHIRE AND CHESHIRE LEAGUE.

Cheetham 114 tW. L. Goodwin 7 for 38). Bollington 223 for dec (P. King 5(1 nut out): Denton St Lawrence 193 iP Walker Wl: K.

Mohon 5 for 52). Glossop 96 U-. Lord 7 for Mi; Dukintield 86 (K. Brown 5 for 33). Longsight K7 for Last Locnshulme 115 for 6 (H.

Price 57 not out). Leservshulme 112 (b. Gemmcll 52); Prestwith 107 for b. Stalybridgc 163 for 9 dec: Stand 181 for 7 dec. ill.

T. Cocker 86). Uruworth 49 for 7. DERBYSHIRE AND CHESHIRE LEAGUE. Brcd-bury 9ii.

Compstall 92 for 7: Haytteld 131, Hacl Grote 147. New Mills 163 for 3. Poynton 1M; Romiley 152. MiKkport S.N. 154 for Whalcy Bridge 88.

Birch Vale 7. MANCHESTER AND DISTRICT ASSOCIATION BriMiktands I3(. Urmston 157: Cheadle 12i) for b. Cheadle Hulme 118 (T. Griffin 6 for 51): Cheetham Hill 132 lor 9.

Manchester 163 for 6 dec Didsbury 123, Broughton ml il'admore 5 for 29): W'orsley 1(14 for 6 (O. C. W'orsley 62 not out). Bolton League XI 99 (,. Baxendalc 7 for 2V): Whalley Range 175.

Flixton 202 for 4 dec. (Glover IK) not out). HIGH PEAK LEAGUE. -Marple 109. Cheadle Heath 114 for Hyde 46.

High Lane 38; ORerton 100 for 7. Hawk Green 93: Trinity Wes. 105. British Railways 178: Norbury 72. Hope 99 for 3.

SADDLEWORTH AND DISTRICT LEAGUE. Aiuterlands Moorside 105 for Flowery Field 196 tor 9 dec. hnzlish Steel 89; Micklehurst 85 for 6. Stayley 71. SPORTS NEWS IN BRIEF The junior and senior fittaLs of the English Closed Basketball Championship is to be played at the McDouail Centre at Manchester University to-day.

The junior game is at 2 IS and the senior at 3 30. S. Incledon-Webber. D. N.

Cornock-Taylor. and J. D. Whatman won their matches in the first round of the M.C.C. tennis prizes competition at Lord's vester- ft ha'man S.

Maclay 5-6. 6-4. 6-5. 6-2: li. Cornock-Taylor beat M.

a Puith 6-1 beat R. H. Sampson. 6-3. 6-(l.

6-0. Miss E. Stephens (Roa Birkdalc). a former winner and runner-up for the past two years, has drawn a bc in the tirst round of the British women's open golf championship which starts at Porthcawl on June t. .92 competitors, oser one-sixth are from abroVii and include the Canadian and New Zealand I leaml in Britain for the Coronation Tournament! papers put together.

Investments in Australia. In Australia our main investment is in the Melbourne "Argus," which was doing'very badly when I reported to you last year. But since then there has been an increase in the newspaper's selling price and a reorganisation of the management, and the outlook is a lot better. The sale has remained steady, in spite of the increase in price from 3d to 4d, and has latterly shown a tendency to increase. The "Argus" radio stations are very profitable; so is the job printing, but the main newspaper property is still losing money.

This is mainly due to the catastrophic drop in advertising revenue that set in early last year and which still persists. It is likely that this will right itself in the coming months and. if it does, the profit and loss account will once more be out of the red. In the meantime everything possible is being done to reduce expenses and expand the advertising revenue. Pictures in Full Colour.

Before we acquired our interest in this property the former board had ordered offset colour presses to feed into the newspaper presses. So, in spite of many difficulties and teething troubles, we are now able to print full offset colour in the "Argus," and do so three or four times a week. This development has caused much interest all over the world and has been favourably received by ihe newspaper-readinn and advertising public of Victoria. Our other Australian investment is in a chain of broadcasting mostly in the state of New South Wales. During the past year and at the request of the Australian Government we reduced our holding in this group.

A proportion of our shares were sold at a small profit to the Sydney Morning Herald and to several prominent Australians so as to bring our holding in this group to something under 45. The group is doine very well and made more money in the first six months of the current financial year than in any full year in its history. Paper Making in Canada. Our paper interests had a setback last year but are now doing well. The profits of the Anglo-Canadian Pulp and Paper Mills were slightly over $2,100,000 after taxes last year and look like being more than 50 per cent better in ihe current year.

The company is a large manufacturer of unbleached sulphite pulp, in which the market has been none too good. It has also entered the paper board business and has a capacity of about 21,000 tons a year of various grades of board. It has now an interest in a company making semi-transparent glassine paper and is always on the lookout for new opportunities for expansion. During the year the share interest of your company, and of the "Daily Mirror," in the Gulf Pulp and Paper Mills was sold for 75,000 to the Amalgamated Press, and your company bought the shares held by the Amalgamated Press in the Anglo-Canadian Pulp and Paper Mills. Our Gulf shares constituted a 30 holding which we have held dividendless since 1920.

The cost was originally 300,000 and some of your company's preference shares were issued at 22s 6d to pay for this unhappy investment. However, it was long ago written down in your company's books to 1 so it only represents the final end of a venture that did not come off. British 'Paper Mills. Our other big investment in the paper industry is in Albert E. Reed, the big Kentish paper makers and converters.

Like all English mills they suffered severe stock losses last year but the company is so sound that you have every reason to hope that the annual accounts, when they are published shortly, will still further enhance the reputation of this great enterprise. In the last year it acquired control of the Empire Paper Mills from Associated Newspapers and this has enabled it tn extend its iritprectc in the fine paper field. The disastrous floods earlier in the year looked threatening at one time, but in the outcome no appreciable damage was done to any of the Reed properties. I hope this summary will give you an idea of the many enterprises in which your company is interested. I mvsplf have travelled over 50,000 miles in the past twelve months inspecting the various companies of this group.

Anything may happen in this uncertain world but, as far as we know how, we mean to maintain your company's position as a partner in the largest and soundest newspaper enterprise in this, or perhaps any, country. During the year our relations with our employees have been better than ever and I should like to take this opportunity of thanking all of them for their efforts, without which the results before you would not have been obtained. The report and accounts were adopted. cava plant for the Rio system, the first units of which it is hoped will be in service by the beginning of the last quarter of 1953. Secondly, the steam plant for the Sao Paulo system, the first units of which it is hoped will go into operation by August.

1954. Thirdly, the underground hydro-electric station near Cubatao for the Sao Paulo system, the first two units of which it is 'hoped will be in operation by the end of 1955. The president also pointed out that while more telephones were installed during 1952 than in any previous year, the demand still persisted. He stated further that the company is trying to increase the supply of telephones and by means of the formation of national companies, hopes to find the necessary finances for further expansion. He announced also that a microwave concession had been granted to the telephone company between the principal points of the system.

The president also referred to the difficulties that the company was experiencing with respect to foreign exchange. In closing he paid tribute to the courtesy and co-operation shown and the assistance given by the Brazilian authorities. The retiring board and officers were re-elected. HALL TELEPHONE ACCESSORIES The twenty-fifth annual general meeting of Hall Telephone Accessories. was held yesterday in London, Major The Hon.

Oscar M. Guest (chairman and managing director) presiding. The following is an extract from his circulated statement The accounts for 1952 show a net trading profit of 63.261, which compares with 46.237 for the previous year. Your directors recommend a dividend of 10 per cent (less tax) for the year. We have been able to increase our finished work, with the result that our output for the year was considerably greater than was the case for the previous year.

We have also been engaged in widening the basis of our business by undertaking a considerable amount of instrument work of high-grade character. We have received continuing orders from the Post Office, which are keeping us fully occupied, during 1953. in that department of our business. Our rentals department has again been active, and shown expansion, a new activity being the hiring-out of prescription stamp machines to the hospitals in connection with the National Health Scheme. We have received an initial order to supply our platform ticket issuing machines to British Railways.

It is more than usual to fore cast the future in view of increasing competition, but at the present we have our fair snare or ousmess. wnicn snouia enable us to maintain a satisfactory production during 1953. Our development department has been very active during the past year. The report was adopted. PROBLEM RAISED BY USE OF NEW FIBRES The growing u.se of new synthetic fibres in tne textue industry is maniiiB the work of sample analysis more and more difficult, according to the annual report of the Manchester Chamber of Commerce Testing House, published yesterday.

In addition to the normal trade sources, many of the requests arise from tariffs imposed by importing countries on cloths in which the percentage of a certain fibre exceeds a stated minimum, the report explains, and great care has to be taken to see that all the possibilities have been con i a a a 1 siderea oeiore an laenuncauon is reportcu. The report also records that in spite of the ending of the utility scheme, the type of examination it entailed is still being carried on. Cloths are still being received for comparison with the old specifications, either because they were ordered before the scheme was discontinued, or because the identification numbers are still being used as a convenient description. WALL STREET STEADY New York, May 29. The close was steady, with a majority of fractional gains.

The recent tendency of the market to decline was checked this morning. Fractional changes both ways prevailed, with gains slightly in the majority. Dealers were cautious, and this was reflected in reduced trading. Uncertainty over Korean truce prospects had some influence on the market. By the end of the fourth hour there were somewhat more shares showing rises, but the recovery was still mainly fractional.

Some profit-taking developed in late dealings. Sale totalled 920.000 shares and comprised I.OIU issues traded, of which 45 advanced. 327 declined, and 304 remained unchanged. The Dow-Jones aieraget were: For JO representative railway issues. 105.42 (against 105.38 on for 30 Industrials.

272.28 (271.48I: for 15 utilities. 50.83 50.64. EXCHANGE RATES To-day. Prev. day.

London Cables 2.81 i 21 'it 2 HI 2 HI Montreal on London 2.7h Vi 2.7i 2.7" 2.7U N. York on Montreal 1 .00 I il The Pound in New York. The rate quoted to-day for transferable sterling was $2.71 1J (against on Thursday). IRON AND STEEL SHEFFIELD. Friday.

The thort working week at the majority of plants has reduced production. At a few leading works the melting furnaces and rolling mill worked through the Whiuumide break, and in tome cases the normal Tuesday holiday was exchanged for a day's holidav before Coronation lay. New business is coming forward encouragingly in some departments, and there arc evidences in Sheffield and district works that the demand for motor-car components is recovering. Lighter branches report some improvement of demand which has resulted in the return to work of some operatives, particularly womrn. who had been suspended or on short time.

Supplies of steel continue to improve and many users nre having their requirements met without difficulty. Wire-rod rolling mills hae caught up with demand and supplies of rods are more plentiful than for a long time. This is helping makers of wire-ropes to deal adequately with a demand from port authorities and the mining industry In engineering departments the pressing need is for more skilled men. the shortage being severe at some works whose operations arc consequently restricted. Cutlery and silverware manufacturers hare had a good season in Coronation souvenirs, and this has served to relieve the depression which has dogged the Industrie for ome time, largely as a result of the operation of purchase tax.

Industry has been helped by the removal by the Netherlands Government of all restrictions upon the imnort of cutlery and silverware and garden and agricultural tools. Holidays have reduced coat production which Is likclv suffer from now on from the effects of th-mincr' annual holidays which have started at some pits. Demand on inland account Is on a big scale and export trade is expanding. The hojse-coal market is receiving supplies of better quality. RUBBER MARKETS LONDON.

Friday. The market doted itemdy with little change on balance after moderate trading. No. I R.S.S.. spot.

ZOMtd. 201 paid. Settlement House: Jnlv. 20-21. 20J4 paid: 24-21.

2n paid: July. 20-2l. 2s4 paid: 20S-2''j. 20's paid: Jan -March 2 V-20 2'i paid C.i t. basis ports: June.

July. 2(1 -2iV. 20-2iV I'-iuic crenc c.i I thick. June. 23 (4 sellers: thin.

lune. sellers. SINGAPORE. May 2. The market as auiet.

June. 69J4-70C. Julv loose, soot 69j-644 NEW YORK. May futures closed steadv. 3 points lower to unchwnucd.

Julv. 24.60c. Id 24.75); 24.40-24.5" Il4.45-24.J5). sales. 1 5 points lower to unchtraicd.

Julv. 24.60c. lb. (24.65- lots. Manchester's Whitsuntide race meeting continued at Castle Irwell yesterday in a strong chilly wind that seemed to have more relationship to the March equinox than to the eve of June.

The chief event was the Manchester Cup. run over a distance of one mile and a half and worth the precise sum of 4s to the winner, which proved to be Mr J. R. Follett. whose four-year-old kitklint; Tintinnabulum.

ridden by the apprentice J. Lindley. performed in the manner one expects of warm favourites, beating Mr J. H. Griffin's Irish competitor, Galatian.

by two lengths and Mr P. Bull's rather luckless Anamnestes by one and a half more. Mrs R. Straker's Torcross led for a mile, at which point Mrs F. W.

Wignall's Manet and Miss J. L. Mitchell's Socrates were running encouragingly. Tintinnabulum to the front about a quarter of a mile from home and ran on very strongly to hold off the challenges of Galatian and Anamnestes. Lindley had ridden another well-judged race in winning the Red Rose Stakes, a six-furlong sprint for three-year-olds, on Mrs G.

Trimmer-Thompson's almost black colt March Past by three parts of a length from Devon Vintage, owned by Mr K. (-. Boucher LUXURY HOUSEHOLD LINEN EXTENSION OF DISTRIBUTION TO ALL PARTS OF BRITAIN For years the Government Surplus Supplies have been noted for offering first-class goods direct to the public at well below current prices. This great offer serves to enhance this reputation. HUGE SURPLUS CONTRACT ISSUING FROM BIG REDUCTION OF STOCKPILE PROVIDES RARE MONEY-SAVING OPPORTUNITY! Luxury Irish Sheets as used on Yachts and stately Liners-real Witney Blankets, Household Linen of the finest quality-offered at 40 below their original inventory valuations.

All these magnificent Products, brand new and still enclosed in their original wrappings and bearing the names of famous manufacturers, are made available direct to Postal Shoppers at almost half QOO" lap Ordinary Retail Store prices. As bargain-priced below, many homes can now indulge their luxury and benefit from their great serviceability. WHITE SHEETS AND PILLOW CASES of unsurpassable quality and style, their strength-tested yarn and sheer White finish ensure almost limitless laundering and life long use. In 3 serviceable lizes 54 90. Orlg Val.

426. Now 276 pr. 6.1 1(H). Orig. Val.

626. Now 35. pr. 80 KM). Orig.

Val. 826. Now 50. pr. MATCHING PILLOW CASES 20 3a 76 per pair.

LUXURY PASTEL SHEET SETS Comprising I pr. double-cord hemmed sheets and 2 matching pillow cases in l'rimrosc. Shell-Pink. Limc-Urcen. Peach, Powder-Blue.

Dignitied and snltly elegant shades, guaranteed absolutely fast colours. 70x100. Orig. Val. 105..

Now 676 set sOxlOO. Orig. Val. 125-. Now 776 set TABLE DAMASK BARGAIN Irish Damask table cloths in rich Moral designs, beautiful sheer White finish.

For proud occasions and generations of use. REAL WITNEY BLANKETS Dfpp i.ft pil hfivy winter- eight itnry blankets in their nrigm.il tr.msjvartnt packings. KxquMte panel ot Kov-Pinli. IVm-h. ky-Bluf.

Kpple-Orrrn vr White. Note th full tanMM ipecificitlotn and weiijnta gu.ir.inteel 7i su So. 51b. each. mi orm.

Val. To :) Orig. Val. iu Ut! Orig. Val.

STONEHENGE INDUSTRIAL TYPE OF CONCRETE POST AND RUSTLESS CHAIN LINK SUPPLIED AND FIXED COMPLETE SITES SURVEYED ESTIMATES SUBMITTED. Write or Dhone The Concrete Unit Co. Ltd. BAILEY TRAFFORD PARK. MANCHESTER 17.

TRA 1846 THE FACE AND ITS IMPROVEMENT BY AESTHETIC PLASTIC SURGERY by CHARLES H. WILLI The London Specialist Zonlents REMOVAL of Bagginess under the Eyes Correction of Overhanging Eyelids, Nose Corrections, Restoration of Facial Contour, Correction of Outstanding Ears, Skin Flaws, etc. 76 from booksellers or the distributors SIMPKIN MARSHALL ROSSMORE COURT. PARK LONDON, N.W-1 HYDRO HOTEL LLA1HDUDXO Telephone PENRHYNSIDE 39228. I'm iviivi ma HEAVY TURKISH BATH 7.V-.

43'. Now 60 -ea. Now BATH SHEETS White railed doiibld loopetl pile on plain or Jaciju.ini wi-avf patel crour.tN i i 'ink. blur. Crcen or Jl It I Now 6'- each in iiru-.

Xow II 6 each 40 72. Orig. Val. 326. Now 176 SOFT FLEECY WINTER WEIGHT BLANKET-SHEETS.

In coIour-laAt pajtel of Green, Pink, Primrose or White. 53 X7S. Orlg. VaL 375. Now 32 6 pair.

"0 190. Ort. VL Now 45'- pair. TOWELS ANA OUTSTANDING OFFER OF PILLOWS tVathrr-ilown I'tlJnwn in snperrine n'ulity rrifrl ticking'. cmi-ma-Iy rtll-d with pure featht r-l-iwn.

13 -Jt Oris. Val. Now 12 6 each. A OL TRAVEL RUGS Soft warm an! Iuurioum rirh authentic Tartan 'If Bidis hami-lrioRnl anJ extra nil. fi'J S4 in cnlnnra, Rett, Kuat.

Orig. Val. 77,6. Now 40'- each. SOUTH AFRICAN INTEREST RATES UP Johannesburg, May 29.

Increased interest rates in the Union of South Africa were announced to-day. The increases take effect from June 3. The rates of discount on Treasury bills will be twelve months' currency. 21 per cfnt a year (previously 2 per cent) six months currency, 2 per cent 1 per cent) three months' currency, 11 per cent (there is not at present any issue of three months Treasury bills). The rates of interest on loans and advances to some State-aided projects, including housing, universities, and soil conservation, are raised from 4 per cent to 4J per cent Reuter.

METAL MARKETS LONDON. Friday. TIN. The market svai easier in the morning and steadier in the afternoon. Spot 7l710-720; August 7I5-720.

Sales totalled 265 tons, of which 90 were for cash. 811 daY- June 83-835: September. 8l5-8lIO. Sales totalled 900 tons, of which 50 were prompt. ZINC.

Quiet all day. June. 6815-6Q: September. 69-695 Sales totalled 225 tons, of which none was prompt. NEW YORK.

May 29. COPPER. Llcclrols tic. spot f.a.s.. 29.50-36.l5c.

(unchanged). TIN. Spot. Grade A (open market price), 96.00c. (against 96.00-96.25c.

on Thursday). LEAD. Spot. 13.25c. (unchanged): spot.

East St Louis. 13.05c. (unchanged). ZINC Spot. Hast St Louis, 11.00c.

(unchanged). ALL POST AND CARRIAGE PAID. Order art prrpagallt tut trill txar a tartaMt of rample't talltfaetion umler monn nfuxi tuaniUn. Crui, Chfiun. Monty or Paf.il Ordrrt.

Trnuury Xolrt thould It rtjiilfrnl. Thert it a Hg itmaitd for tknt bargain, tblalnablt direct from: GOVERNMENT SURPLUS SUPPLIES (Dept. M.G. Linens 44, MONMOUTH STREET, LONDON, W.C.2..