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...views coincide with the recommendations made earlier this month to the Senate Foreign Relations Committee by Conlon Associates Ltd. at the conclusion of a study requested by that committee. Of course I knew that Chiang Kai-shek was the most cherished of TIME'S sacred cows but, even so, the extent of your personal attack, distortions and inaccuracies surprised...
...flourish in Hong Kong because of lack of water and trained workers. Besides, there was the powerful new force of Japanese competition. But Chen Che Lee, a wealthy young Shanghai cotton manufacturer, fooled the experts. In 1946, with $1,500,000 borrowed from friends, Lee established South China Textile, Ltd., the first major textile mill in Hong Kong. Over the past decade, problems have been over come, and from Lee's daring example has grown an industry that this year will ex port $110 million worth of garments. So successful is Hong Kong as a garment center that...
...Aussie who invests in a domestic company can make handsome profits on his own. In a land that is turning out its own diesel engines, railroad cars, jet aircraft and transistor radios, stocks are an investor's dream. Ansett Transport Industries, Clyde Industries (engineering), Broken Hill Proprietary Co. Ltd. (steel) are all up 50% in a year, while Colonial Sugar Refining has jumped 70% and Rothmans Ltd. (cigarettes) a whacking...
...February 1955, Sir Ernest Oppenheimer, then board chairman of De Beers Consolidated Mines, Ltd., received shocking news. General Electric Co. had succeeded in making a synthetic diamond. Hastily, the world's diamond king conferred with De Beers' top officials, finally said: "If it must be, then De Beers must do it too. We cannot stick our heads in the sand." Last week De Beers finally did it; the company announced that it had developed a synthetic diamond to compete with G.E.'s highly successful man-made stones as industrial abrasives...
Pigtoes & Secrets. With $500,000 capital, Pearls Proprietary Ltd. chose an isolated bay, named in honor of Pearler Kuribayashi, brought in an experienced team of 36 to start work. Into the big shells the pearlers inserted a special bead of shell cut from a big Mississippi River "pigtoe" mussel, then grafted in a piece of oyster flesh that was already exuding pearl-forming nacre. The first crop from the 100,000 oysters was harvested secretly in June 1958, and the results were staggering. Though only 30% of the seeded oysters produced pearls, there were thousands of big, beautiful pearls...