Word: ceylonization
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...Britain: 7.9%. It was a half measure intended to help Danish farmers keep their vital outlets for butter and bacon in Britain while penalizing its much larger but import-dependent industries as little as possible. New Zealand, with its whole economy already weakened by falling wool prices, devalued 19.45%. Ceylon devalued 20%, and at week's end tiny Iceland took the biggest...
...Empire. Attlee also did what his old rival Churchill had refused to do: preside over the dissolution of the British Empire. While his Cabinet argued over what to do about the independence demands of India, Burma and Ceylon, Attlee broke in with his answer: get out. His decision to depart rather than delay avoided ugly anti-British insurrections and enabled him to incorporate all of the former Asian possessions except Burma into the Commonwealth. The cold war, however, put a chill on many of Attlee's plans. He diverted welfare funds to armaments to help block the Soviet threat...
China also lashed out at Japan, Indonesia and Ceylon for that sin of sins against Peking: cozying up to Taiwan. Japanese Premier Eisaku Sato's three-day good-will visit to Taiwan came under the heaviest fire. Sato, said the Chinese, was intervening "in the domestic affairs of China." Peking threatened to cut off trade with Japan, as it had done in 1958 for five years after a Chinese flag was pulled down in a Japanese department store display, and underscored its ire by expelling three of the nine Japanese correspondents resident in Peking...
Indonesia's "serious political provocation" was extending an invitation to a Taiwan trade delegation, after having canceled trade with China last month. General Suharto's government replied by announcing that it would pull the entire Indonesian embassy staff out of Peking and send them on "vacation." Ceylon got a nasty diplomatic note because two Ceylonese M.P.s and a newspaper publisher had visited Taiwan...
...children of their Peking diplomats forced to crawl under portraits of Mao. Italy last week was enduring the truculence of the skipper of a Chinese freighter in Genoa bent on converting the Genovese to Mao. Last week alone, the Chinese accused nations as diverse as Burma, Kenya and Ceylon of participating in an unholy Soviet-American alliance against Peking...