London (Nov 21): The Economist, one of the most influential of British weekly reviews, to-day finds Hongkong exporters innocent of the charge that they have flooded the Commonwealth markets with cheap Chinese and Japanese goods masquerading as Hongkong products.
'It now seems clear,' the Economist writes, 'that conditions that might have enabled such abuse have disappeared since the war.'
Firms seized
London (Nov 22): Britain is expected to ask the Chinese Communists to pay compensation for the British firms whose seizure was revealed yesterday.
But judging by past performance, the British will not get a nickel.
Moscow and Peking Radios announced yesterday that the Communists had taken over four British-owned firms in Shanghai - a gas works, waterworks, a street-car line and shipping company.
The companies, worth an estimated GBP3,500,000, were seized by troops backed by trade unionists. Workers celebrated noisily with firecrackers and music, Peking Radio said.
