• Sat
  • Aug 30, 2014
  • Updated: 4:26pm

50 years ago...

PUBLISHED : Sunday, 08 December, 2002, 12:00am
UPDATED : Sunday, 08 December, 2002, 12:00am

China reveals new rates list


Tokyo (Dec 6): Peking Radio to-night broadcast a new list of exchange rates between the Communist Chinese currency and a number of other currencies, including the Hongkong dollar, the British pound, the Australian pound and Indian, Pakistani and Burmese currencies.


In all cases the Chinese currency was depreciated. But the rate against the American dollar, according to the broadcast, remained the same.


Scam broken


Singapore (Dec 5): A highly organised counterfeit ring responsible for the circulation of counterfeit Indonesian notes throughout Malaya and Indonesia has been smashed by Singapore police with the co-operation from the Indonesian authorities, it was revealed by an Indonesian Government official to-day.


He said investigations proved that Singapore was the centre of supplying counterfeit currency which before the war came from China.


Reds ousted


Sydney (Dec 6): Non-Communists have gained control of the Miners' Federation's central council for the first time in many years from the Communists in a ballot.


This follows the recent clean sweep of Communists from all positions in the Ironworkers' Union, and is an indication of the breaking of Communist control of the big trade unions in Australia.


Easy money


Stockholm (Dec 8): The beauty queen swept the bearded and unbearded kings off their traditional place on Swedish paper money to-day. Blonde, bosomy Greta Hoffstrom, 25, winner of a Lake Malar beauty queen contest, made her first appearance on the 1,000 kroner bills.


Greta is believed to be the first woman in the world to get into the money this way from magazine covers. A professional model, she has appeared on covers of both US and Swedish magazines.


Costly fog


London (Dec 9): The world's greatest city slowly came back to life to-day. Weather forecasters said the five-day-old fog, which paralysed transportation, set off a minor crime wave and took uncounted lives in freak accidents, would be blown away by rain-bearing winds.


The estimated cost of the 'great fog', the worst in the capital's recorded weather history, ranged from GBP5,000,000 to GBP10,000,000 in dislocation of trade and transport.


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