Di­a­mond Fields flooded with firms but not enough cap­i­tal

Weekend Argus (Saturday Edition) - - FRONT PAGE -

There is no doubt that, ow­ing to the ab­sence of suf­fi­cient cap­i­tal to work, the num­ber­less new com­pa­nies which have been started at the Di­a­mond Fields, con­sid­er­able pres­sure is felt amongst those who have ea­gerly rushed to take up shares. The sit­u­a­tion is frankly recog­nised by the Di­a­mond Fields press, and its cause rightly as­signed; namely, the for­ma­tion of com­pa­nies beyond the avail­able cap­i­tal in the coun­try. Although the Union Cas­tle Com­pany has sailed nu­mer­ous oil-driven ships, the 20 063-ton Carnar­von Cas­tle is the first mo­tor ship to en­ter into her service. Eleven wa­ter­tight bulk­heads di­vide the ves­sel into 12 com­part­ments, seven of which are cargo holds. The wa­ter­tight doors are elec­tri­cally op­er­ated and con­trolled from the bridge. Wire­less teleg­ra­phy, di­rec­tion finder and echo sound­ing ma­chines are also fit­ted. The ves­sel car­ries first, sec­ond, and third class pas­sen­gers, and, with the crew, ac­com­mo­da­tion is pro­vided for about 1 500.

The non-Euro­pean “un­just laws cam­paign” is ex­pected to reach a cli­max within 24 hours with si­mul­ta­ne­ous na­tion­wide ac­tion by pas­sive re­sisters, the ar­rest of the re­main­ing top men in the move­ment, and stern po­lice ac­tion in the event of dis­tur­bances. Spokes­men of the move­ment said to­day that half an hour af­ter mid­night tonight vol­un­teers would go into ac­tion all over the coun­try, de­fy­ing dis­crim­i­na­tory laws. The first batch of re­sisters would be fol­lowed by oth­ers at in­ter­vals through­out the next 12 hours, break­ing cur­few and rail­way apartheid laws.

The News Chron­i­cle pub­lished a lead­ing ar­ti­cle to­day headed “A Truce to Tol­er­ance”, be­side a four­col­umn ar­ti­cle un­der the head­ing “Fa­ther Hud­dle­ston says it is time we shunned South Africa”. The editorial said: “How long should tol­er­ant peo­ple con­done in­tol­er­ance? On this page, Fa­ther Hud­dle­ston, an equable and rea­son­able Church of Eng­land mis­sion­ary who has been turned into the lat­est of a long line of tur­bu­lent pri­ests by the in­jus­tice and op­pres­sion he has wit­nessed in South Africa, pleads for an end to Chris­tian for­bear­ance of that coun­try’s racial pol­icy. “Let us boy­cott the op­pres­sors,” he urges. “Give them a taste of the hu­mil­i­a­tion of being os­tracised by civ­i­lized so­ci­ety’.”

The new Cape Tech­nikon will be built in Dis­trict Six – and that’s fi­nal and of­fi­cial. The de­ci­sion to site the Tech­nikon in Dis­trict Six and to turn down a Cape Town City Coun­cil of­fer of an al­ter­na­tive site at Oude Molen for a nom­i­nal fee of R1 was taken at “Cabinet level”, the coun­cil has been told. Mr John Muir, chair­man of the coun­cil’s ex­ec­u­tive com­mit­tee, said he was “very dis­ap­pointed” with the out­come of a meet­ing yes­ter­day with two cabinet min­is­ters. If the Tech­nikon’s build­ing plans are approved by the coun­cil, con­struc­tion will start in Septem­ber. The coun­cil still be­lieves the Ad­min­is­tra­tor’s re­zon­ing of the site to pri­vate open space (ed­u­ca­tional pur­poses) was “il­le­gal” or “in­cor­rect” and court ac­tion had not been ruled out. The coun­cil… be­lieves it would be better to use the site for hous­ing.

Michael Jack­son, the “king of pop”, who once moon­walked above the mu­sic world, died yes­ter­day as he pre­pared for a come­back bid to van­quish years of sex­ual scan­dal and fi­nan­cial calamity. Jack­son, aged 50, died at UCLA Med­i­cal Cen­ter af­ter fall­ing ill at his home in Holmby Hills.

PIC­TURE: WIKIPEDIA.

The Carnar­von Cas­tle, pic­tured on a post­card.

Aus­tralian troops at To­bruk on Libya’s Mediter­ranean coast.

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