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...Rangoon last week Burmese customs men proudly reported their "biggest haul since 1952": the discovery of $31,000 in smuggled gold aboard the Dolpheverett, a Liberian-registered freighter operated by California's Everett-Orient Line. In Calcutta the Dolpheverett's sister ship Rutheverett is being confiscated outright by the Indian government. After a week-long search during which they all but dismantled the ship, Indian customs officers uncovered aboard the Rutheverett $700,000 worth of gold stashed away in hidey-holes ranging from the ship's garbage bin to secret compartments...

Author: /time Magazine | Title: THE FAR EAST: The New Gold Rush | 8/22/1960 | See Source »

Once back in Hong Kong, the gold goes into the vaults of some 200 Chinese banks where it may be used for such delicate transactions as financing a shipment of Calcutta opium to Hong Kong or buying off Chinese Communist officials who have put the squeeze on the relatives of rich overseas Chinese businessmen. But the final market is most often India. Indian central bank officials estimate that India's private gold holdings exceed $3.6 billion (at the U.S. gold rate), up from $3.2 billion in 1948. The enormous trade in smuggled gold is a major reason India...

Author: /time Magazine | Title: THE FAR EAST: The New Gold Rush | 8/22/1960 | See Source »

Given the stubborn resistance of caste to the most enlightened attempts at reform, few foreigners or Indians looked for an overnight revolution. But the Calcutta Municipal Corp. promised to equip its 2,000 sweepers with the new brooms, and New Delhi's Chief Sanitary Inspector Partap Singh personally called at the U.S. embassy to borrow a sample broom to be used in inviting bids from manufacturers...

Author: /time Magazine | Title: INDIA: The Bunker Broom | 8/8/1960 | See Source »

When the U.S.S. John S. McCain slipped into Southeast Asian waters last fall, she began a cruise that any peacetime sailor might envy. The Seventh Fleet destroyer leader called at Cebu, Singapore, Rangoon, Calcutta, Hong Kong and Okinawa. In Rangoon 15,000 Burmese streamed aboard her. In Calcutta she hus tled food and medicine to a city ravaged by flood and cholera. Off Formosa, she plucked 41 seamen from a sinking Japanese freighter. But last week, back at Pearl Harbor, came the biggest thrill of all: the arrival of a penniless Okinawan, bound for the University of Hawaii with...

Author: /time Magazine | Title: Education: The Collegian & the Sailors | 8/8/1960 | See Source »

...idea sprang up after Calcutta, when the ship lay heavy with the fresh impact of Asia. "Everything was so moving," recalls one officer. "The poverty, the filth, the sickness, the pressure of Communism." Soon the ship buzzed with a plan: send an Asian boy to college. The crew approved unanimously-as long as they could choose the lad personally and keep an eye on him in home port Pearl Harbor...

Author: /time Magazine | Title: Education: The Collegian & the Sailors | 8/8/1960 | See Source »

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