( Established January 1949 ) June 5, 1954 Volume VI —No 23 Eight annas EDITORIALS Eastern Pakistan 619 No Blank Cheque 621 Eastern Pakistan WEEKLY NOTES R FAZLUL HUQ has talked himself into his political grave. Weather Report on Investment This is unfortunate. But this does not justify the measures Climate—Embarrassing Surplus, M adopted by Karachi, or the distorted arguments advanced by the Erratic Estimates—Andhra Pakistani Prime Minister in his broadcast address in defence of those Wobbling Over Prohibition— measures. East Bengal is now under Governor's Rule. Pakistan, which Manoeuvring.? Over Waste Land has yet to adopt a Constitution, is governed under the Government of —Jewellery for the Plan 623 India Act, 1935. Under the Act, the Governor-General has powers LETTER TO THE EDITOR to impose Governor's Rule on any of the provinces. It is under Land Re forms in India 625 Section 92-A of this Act that Governor's Rule has been imposed on East Bengal. OUR DELHI LETTER Equal Protection 625 East Bengal is under Governor's Rule, but with a difference. Karachi adopted three simultaneous measures to tighten its grip over FROM THE LONDON END East Bengal. An Army General, Major-General Iskander Mirza, The Future of Exchange Rate Defence Secretary of Pakistan, replaced Chaudhuri Khaliquzzaman as Policy 627 Governor of East Pakistan. The elected Huq Ministry was dimissed, BOOK REVIEW and this Army General was entrusted with the task of enforcing All Served, None Pleased Governor's Rule in Eastern Pakistan. Mr N M Khan, Controller- —Reviewed by Thomas Shea 629 General of Prices and Supply to the Central Government, replaced Mr Isaque as Chief Secretary to the East Bengal Government. East SPECIAL ARTICLES Bengal has not only been placed under an Army Chief, Karachi is Squatters' Colonies equally anxious to ensure control and supervision of the civilian aspect —From A Calcutta Correspon­ of the administration. dent 631 Annuity Scheme for Small Sav­ A General has been appointed Governor of East Bengal so that ings he can assume, on behalf of the Governor-General, " all the powers —T Bagchee 626 vested in, or exercisable by, the Provincial Legislature". Though Governor's Rule has been introduced, the recently-elected East Pakistan FROM THE CHAIR Legislature has not been dissolved. It is emphasised that the United Indian Trade and General In­ Front Party will be allowed to form a Ministry as soon as normal surance Co Ltd 635 conditions are restored. Meanwhile, the East Pakistan Legislature will remain in suspended animation. In an emergency meeting of the AROUND BOMBAY MARKETS United Front Legislature Party, the action was resented as " arbitrary, Dalal Street Hesitant 636 undemocratic and unconstitutional". Though Mr H S Suhrawardy AROUND CALCUTTA MARKETS Is maintaining a diplomatic silence, Maulana Bhasani, President of the. Steadier Undertone 638 East Bengal Awami League, and one of the most respected political leaders in East Bengal, has condemned Karachi for its " undemo­ COMPANY NOTES cratic " action. Ramnarain Sons Group—Dawn Mills—Shree Niwas Mills- Mr Fazlul Huq is a loquacious politician. It has not been difficult Bengal Paper Mills—Orient for the Pakistani Prime Minister to quote this old, talkative gentleman Paper Mills 640 against him. But few will accept Mr Mohammed Ali's allegation that Mr Huq is a traitor to Pakistan. He is in favour of making Bengali CURRENT STATISTICS 641 one of the State languages. He has won his battle on this point. He is in favour of administering East Bengal with the help of East The Economic Weekly Bengal Muslims. Despite diplomatic coercion and duress to which he and his colleagues were subjected throughout the week they were in Noble Chambers, Parsi Bazar St., Karachi for consultations with the Central Government, they issued a Fort, Bombay, joint statement in which they re-affirmed their election pledges. Mr Huq, Phone: 23406 his Cabinet and the United Front argue that geographical factors are .