Carrol Daily Times Herald from Carroll, Iowa on June 11, 1974 · Page 4
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Carrol Daily Times Herald from Carroll, Iowa · Page 4

Carroll, Iowa
Issue Date:
Tuesday, June 11, 1974
Page 4
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Page 4 article text (OCR)

The Multinationalist Chinese Fl/NA/Y BUSINESS SINGAPORE -(LENS) The prime minister of Malaysia, Tun Abdul Razak, was in Peking recently re-establishing diplomatic relations with China. Thailand could be the next to do so — it has just entertained a Chinese badminton team — followed by the Philippines, Indonesia and Singapore. All these five member countries of the Association of South- East Asian Nations have substantial Chinese communities which dominate their economies. Singapore. Three-quarters of the 2.3 million population are Chinese: and they have political, as well as economic, control. Thailand. The 4 million Chinese are fairly well assimilated in a population of 35 million. They control the biggest banks (including the Bangkok Bank, in which the government has a minority interest) and the export of rice, tin, rubber and timber (the four largest Thai exports). They also dominate distribution and manufacturing. Malaysia. The 4 million Chinese, who are not as Limits on Candidate Spending DES MOINES - A candidate for governor in Iowa can spend more on advertising than may a candidate for the U.S. Senate. The reason is that the federal law supersedes the limits imposed by Iowa's campaign disclosure law. In the November general election a gubernatorial or any other statewide candidate may spend up to $367,783 for newspaper, radio, television and billboard advertising. But a candidate for the U. S. Senate may spend only $223,881 on "communications media" which includes telephone canvassing as well as the other forms of advertising. What's more, the federal law limits the amount a senatorial candidate may spend on broadcast media to 60 per cent of the total, or $134,328. The limitation imposed by Iowa's campaign disclosure law on gubernatorial and other statewide candidates is based on the total number of votes cast for president in 1972. The limit is determined by multiplying the total number of votes cast for all presidential candidates by 30 cents. The 1974 Legislature decided to exempt candidates for the U. S. Senate and Congress from the Iowa act because of the Federal Election Campaign Act of 1971. This act, which is Public Law 92-225, establishes a campaign limit based on the "voting age population" of a state or congressional district and the consumer price index. Basically the amount that may be spent on behalf of a candidate for the use of communications media is 10 cents multiplied by the voter age population of the geographical area. The Secretary of Commerce must certify this information to the Comptroller General and publish it in the Federal Register. Accordingly, Iowa's voting age population is estimated at 1,957,000. When a price index increase of 14.4 per cent is taken into account under the federal formula, the current limit imposed on candidates for the U. S. Senate from Iowa is $223,881. The limit imposed on congressional candidates in all districts throughout the country is $57,200 of which no more than $34,320 may be spent on radio and television. In both the state and federal laws the limitations apply to each primary and general election campaign, so theoretically it would be possible for a gubernatorial candidate to spend $735,566 in one year's time, f The Iowa law also restricts the amount of money that can legally be spent on advertising on behalf of legislative candidates. The top amount allowed in the Senate is $8,910 in the 37th senatorial district (Johnson County) and $4,599 in the 74th House district (also Johnson County). These limits are also based on the presidential vote. There are no limitations on candidates for county, school or municipal elections. assimilated as elsewhere, form 36 per cent of the population but control 85 per cent of the retail trade. They dominate every other sector in partnership with foreigners, and sometimes nominally with indigenous Malays, who 'are often used as a front. Indonesia. The army took control of this country of 120 million people when Sukarno got too friendly with the local Chinese communists, but a major trade among the 3.6 million strong Chinese community is the buying and selling of generals. Philippines. The Chinese form only 2 per cent of the 40 million population, but only 2 per cent of business is said to have no Chinese connection whatsoever. These 14 million overseas Chinese are the most formidable economic power in Asia outside Japan: 85 per cent of them were born in the countries in which they now live. They have no territory of their own except in Singapore, but they are united across many borders by a common language, culture and heritage. They operate economically rather like a huge multinational corporation with its own code of conduct. However, these business-orientated communities have not much in common with Chairman Mao's China. The $240 million a year they send regularly to their relatives in China reflects the traditional sense of family duty rather than any urge to help the communist motherland. Nevertheless all the South- East Asian countries worry about the possible influence of the new Chinese ambassadors on local Chinese minorities. This largely explains why Malaysia has taken 17 years to establish diplomatic relations with Peking — although Peking has certainly not helped by backing Malaysia's (mainly Chinese) communist guerrillas. Times Herald, Carroll, la. _ Tuesday, June 11, 1974 5 The Chinese overseas communities are ready consumers of food and goods from China. But China will not be able to impose its own trading rules. Whatever trade the local Chinese have handled between China and their own countries has always been under close local scrutiny and control. Only Malaysia and Singapore have maintained unbroken trade with China (now worth $500 million a year); trade and diplomatic relations with Indonesia were broken in 1965. Only in Singapore does China operate banks and insurance companies: the Bank of China had to close its branches in Kuala Lumpur and Penang in 1959 when Malaysia imposed a ban on foreign state-owned banks. When China tried to develop a market for its sugar in TO BE TME PfSDBLEM P The ^Earthquake' Next Door — Has Time Come for Spain? By Roger Bollen Malaysia, by-passing the monopoly controlled by Kuok Brothers, Kuok countered by buying sugar from India more cheaply. Peking's trade men in Hong Kong then arranged to co-operate with Kuok in the sugar market. MADRID — (LENS) — Spaniards still feel a little dazed from the earthquake next door. Right-wingers are either queasy or defiant. The cabinet seems to be cracked — if not completely split — and repai rs may soon be necessary. Your average Spaniard shakes his head incredulously when Portugal is mentioned, and grins. Although the Spanish radio, television and the official press were hostile to the Lisbon coup of April 25, many privately owned papers welcomed it with such headlines as "Liberty in Portugal" and "People and army united". Correspondents have reported the collapse of the political establishment and secret police in terms that invite comparisons with Spain. Understandably, many conservatives are appalled by what they call "front- page subversion". The government's reaction to the sudden uproar has been to dither. Having promised to go ahead with the policy of relative liberalization announced on February 12, it is now diluting that policy. The government has reinforced police checks and patrols on the hitherto lightly guarded Portuguese frontier — but it is still a largely open frontier, three times longer than the more easily controlled, though still permeable, Pyrenees. The Spanish DCS (security police) is known to be listing names of Spaniards who visit Portugal. Some of its officers are watching films and poring over photos of the Portuguese revolution, brought back by Spanish cameramen, to study demonstration techniques and crowd psychology and apply what they learn to the Spanish scene. But the collapse of its Portuguese counterpart is said to have upset the organization's morale. General Manuel Diez Alegria, the moderately liberal chief of the general staff, is reported to have received a few monocles in his mail. But he is too cautious to be a Spinola — nor has he got the same pressures behind him. Spain has no agonizing colonial problems. Its economy is healthier than most, and its military officers, dedicated to public order, tend to feel aloof from politics and content with the status quo. On the other hand, as some Spanish democrats recall hopefully, the Spanish army has staged liberal coups in the past, and the liberal wing of the general staff exerted itself as recently as December, after the murder of Admiral Carrero Blanco, in a clash with the right-wing commander of the Guardia Civil. f\ A, "Before You Pull f he Rug out from Under us" Check Bierl's Selection (That Will Take A While) Over 1500 samples to choose from. Over 350 stock rolls to select from. Check Bierl's Reputation Over 25 years of carpeting service to the fine people of the Carrolland area. Check Bierl's Brand Names We're known by the companies we keep ... Brand names like Bigelow, Masland, Armstrong,, Congoleum, Alexander Smith, Barwick and Gulistan. We have them all. Check Bierl's Low Prices By the yard you come out way ahead by buying at Bierl's. That's what it is all about ... to save you money by selecting the right design . . . your perfect color. 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