THE CHINA MAIL, MONDAY, FEBRUARY 5, 1951.
MESSAGERIES MARITIMES British Rearmament
MOM
THEGGENNITOR"
"GRANVILLE"
ARRIVALS
from Europs
6th Feb,
"LA HARSEILLAISE"
from Yokohama & Kobe from Europo
7th Feb. 10th. Feb.
SAILINGS
PASSENGER/FREIGHT SERVICE
"LA MARSEILLAISE” "FELIX KOUSSEL"
to Marseilles vla Manila to Marscility via Manila
8th Feb. 1st Apr.
FREIGHT SERVICE
"BEAUVAIS"
***BIRINAM"
"GRANVILLEN
..N. Africa & Europe 26th Feb. N. Africa & Europe 21st Mar. N. Africa & Europe 26th Mar. for
PORT SAID, TUNIS, MARBEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM.
Tin Group
Issues Statistics
Will Involve Big Sacrifices
(our own correSPONDENT)
London, Feb. 4.・・ The Hague, Feb. 4. World production of tin-in-
Although the Prime Minister's statement on concentrates in November la catimated at 13,100 long tons rearmament left many important questions an- against 13,000 tons in October answered, the scope of the programme is now
This decrease was due to lower
Break In Wool
Prices
Bradford, Feb. 4. Prjocs for Wool tops have broken at last, Fine merinos such as MA, were at 341 penco ver. pound and 04A at 331 pence.
This is fall of four pence compared with a. week ago, the firgi. re- cession in three months, United Fresn.
Steel Keeps
Cleveland, Feb. 4. Raw steel continued to pour from American mills in record- breaking amounts but finished
production in Malaya, Indonesia known and certain broad conclusions can be drawn. Up Record and the Belgian Congo at 4,000 It is clear, for instance, that expenditure of tons, 2.024 tons and 1,034 tons, the extra £500,000,000 this year on defence pre- respectively.
cludes any possibility of "rearming without tears." Sacrifices will have to be made by every individual in the community and these sacrifices will be shared on a smaller scale by people in the colonies.
Bolivian exports at 2,264 tons in November wCTE at the same lovel as the previous month, the International Tin Study Group announced.
CIE DES MESSAGERIES MARITIME /
Queen's Building
Tel. 26651 (Three Lines)
WATERMAN
STEAMSHIP CORPORATION |
MOBILE ALA USA
WATERMAN LINE EXPRESS
FREIGHT SERVICE
FROM US. ATLANTIC COAST VIA JAPAN
4. #. "ANDREW JACKSON"...Due about ..... 1. s. "KYSKA"
rt
D
DIRECT FOR
27th Feb, 1951 12th Mar, 1951
NEW YORK, BALTIMORE & PHILADELPHIA
VIA JAPAN & HONOLULU.
"ANDREW JACKSON"
*
1. 6. "KYSKA”
Salls about ....
28th Feb. 1951 13th Mar. 1931
ALSO ACCEPTING TRANSHIPMENT CARGO FOR GULF PORTS.
WALLEM & CO., LTD.
Agents
Hongkong & Shanghai Bank Building Telephones:-38041-5
M.V. "LA MARSEILLAISE”
will sail for
MARSEILLES
via
Manila, Saigon, Singapore, Colombo, Djibouti and Port Said.
on
THURSDAY the 8th February at 10 P.M.
Passengers are requested to board the vessel with their cabin baggage on the 8th of February between 7 P.M. and 9 P.M.
Baggage Room and Hold Baggage will be registered at Kowloon Godown No. 50 (No. 2 Gate Canton Road Entrance) on the 8th of February between 9 A.M. and 4 P.M.
For further particulara, please apply to: CIE DES MESSAGERIES MARITIMES Queen's Building.
Tel: 26651 (3 lines).
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In the month of December production in Malaya was 4,009 tons, in Indonesia 2,830 tons and In the Belgian Congo 1,081 tons,
So far as the colonies are concerned Britain's defence effort is almost certain to result in fewer and dearer imports.
shortages.
STOCK EXCHANGE
steel production failed to keep pace last week, Steel magazine
declared today.
the
For the third straight week, inetalworking journal re- ported an all time record for raw steel production had been mushed.
The mark now stands at the 2,025,000 net tona of ingots turned out last week when mills operated 101.5 per cent of nation's rated capacity of 104,220,050 tons annually.
Metals Demand Continues
Because of the worsching demand could be achieved by terms of trade we will have to direct Government action to o tin export an extra £400,000,000 duce hire purchase transactions, World production at
of consumer worth of goods this year merely shortages
goods to 14,300 tons to maintain our imports at last metal amounted
which will develop as the re- the in November as against 14,200
year's level. la pormal times armament programme gets pro- tons in
the previous month, this could be done without
perly under way will achieve Malayan and Netherlands pro imposing any extra burden on this purpose automatically. duction were both higher at exporting industries by sacrific 5,915 tons and 1,571 tons, res-ing the surplus on our overseas It seems, therefore, that we pectively, and U. S. production payments (which was running at are in for another long spail of at 3,207 tons
was about the an annual rate of £400,000,000 "forced saving"-by higer toxa- of at least United towards the end of last year) tion, re-imposition October, same as in
wartime Kingdom production in Noven. and aiming instead for a balance some
controls, and ber was estimated at 2,120 between imports and exports. tons.
Unfortunately, however, these For one are not normal times. thing our most lucrative expert The Stock Exchange has again
engaged in been
overshadowed by industries will be production for the defence pro- weakness of the gilt-edged mar gramme and they will need more imported raw materials. Ket although cliewhere price Farther down the scale, in Indus- have remained firm, tries producing less essential U. K. comsumption of consumer goods for the home and metal in November was 2,150 export markets, shortages of raw a drastic tons, the
materials will entail highest figure since June, 1948. Nine hundred and culting down or in some cases of this went oven complete suspension of eighty-nine tons into tinplate: This is a post-production. This will set free
consumption additional reserves of labour to war record. U. S. In September is estimated at man the rearmament industries 7,950 tons.Associated Press.
its effect on the export -but programme is obvious.
Stocks in the UK, which since February had continuously declined, were higher again in November at 12,800 tons. Stocks in Malaya decreased to 6,400 tons in November, but increased
to 6,000 tons in December.
HONGKONG SHARE MARKET
to
Firat to bo deprived of luxury and less essential coni- sumer goods will undoubtedly be the home market but though every effort will be made maintain our exports to tradi- tional markets some cuts in this direction also will, sooner or later, become inevitable,
the
06.0
of
bact
zine
New York, Feb. 4. Uncertainty over sems of the general price freeze order slowed trading in some Imported mactals last week, but demand for the major domestic
metals continued
unchanged. strong with prices unc
Industry sources said it was still too early for Government directives trimming
copper, The general decline in Britisji civilan funds spread this week to the aluminium and others to be Manufacturers new Colonial slodes. As ex fully reflected.
the new were reported still buying to pected, dealings in Southern Rhodesian stock bring low inventories up to per- Hmito, Asociated started at a discount after 43 misaible
cent of it
of it had been left Press with the underwriters. At ended the week at one
and three- quarters discount after being at ona time as low as two and a half discount. The effect of this was to weaken the new Kenya stock which finished at three- quarters discount.
Government securities dropped more than a polat in the Finan- cial Times' index. Holders of steel shares have been heavy sellers and large institutions have been selling some of their On the home front there are other problems to be solved beholdings of gilt-edged securities to buy these shares and thus The volume of business trans-sides those connected with the obtain British pron and steel acted on the Stock Exchange export programme. There is the
stock at a substantial discount extra valued at question of raising an this morning was
prices. on the basis of $10,860. The half day's business £600,000,000 which represents This activity in WICH the difference between the
nationalication und noon closing prices were as the
original estimate for defence the forthcoming follow:-
expenditure in 1951 to 1952 and resulted in losses in almost all of the iron and steel industry SHARES BUYERS BELLERS SALES that now envisaged in the re-
gilt edged securities. Among vised defence programme.
the worst sufferers were the nationalisation dated long stocks.
BANKS
HK Bank East Asia
.. 1250 1200 100
INSURANCES
Union
17 0
131
DOCKS. ETC.
K. Whart..
7
N. PL. Whort 41%
Provident .. Wheelock
LAND, ETC.
DAT
20
HK Hotel .. 81% 0.00 1500
HK Land..
34
S'hal Land .. 1.30
Humphreys. 74
UTILITIES
Tram ...... 113
12
10
GREAT DRAWBACK Industrial activity caused by the programme itself will bring in some of the required funds
Large-scale switching from steel sharce has been reflected
with rearmament
the
R. I. L.
ROYAL
INTEROCEAN · LINES
• SINGAPORE JAVA
PORTS and
MACASSAR
*TJITJALENGKA”
**TJIWANⱭr"
**TASMAN"
"TJISADANE”
“VAN HIEUTSZ"
·
ARRIVALS
10th Feb. .In Port
23rd Feb.
23rd Feb.
only to Singapore, Penang & B. Dell
© MANILA, FAST &
SOUTH AFRICA and SOUTH AMERICA
"TJIPANAS” "TJISADANE" "TJIHADAK” "STRAAT SOENDA” **TJIBESAR" ** "BOISSEVAIN"
A via Japan,
JAPAN
SAILINGS
12th Feb. 28th Feb.
7th Mar,
Sird Mar,
SAILINGS 10th Feb.g
.In
ARRIVALS
Port
8th Feb.
Tth Mar
17th Feb.
12th Mar.
14th Mar.
not calling 8. America.
"BOISSEVAIN”
**TJIBADAK" “TJIPANAS"
ARRIVALS
- 23rd Mar.
SAILINGS
17th Feb.
10th Feb.
Agents: HOLLAND EAST ASIA LINE
EUROPE via MANILA
and MALAYA "MELISKERK” “AAGTEKENK”
"FJIWANGE"
Issued to
Through BJ/L Mediterranean and Northern
European Foria.
→ JAPAN
"MELISKERX” † "AAGTEKERK” ↑
+ via Manila,
ARRIVALS
SAILINGS
8th Feb.
7th Feb. Port In
fib Mar.
ARRIVALS
SAILINGS
7th Feb.
6th Mar.
12th Feb.
KINOSHILDISTS TELERITONIS, JING TSUN
Understanding between nations and peoples, fostered by the bonds of industry and commerce-the necessary flow of goods that keeps the wheels turning all over the world--is basic to peace.
It is our fervent hope-one which we believe is almost universally shared -that the statesmen on both sides of any and all existing disputes and misunderstandings will get together and set things to rights. We still hold to the view that mutual trade does most to promote friendship and understanding between nations and peoples, and that we, as business men, should argue that point wherever and whenever we can:- Isbrandtsen
INDEPENDENT
DEPENDABLE
Regular Sailings from Hongkong to New York, Baltimore and Philadelphia via San Francisco or Los Angeles
in the shops of enhanced in the strength of other sections 1000
300 @ 20 revenue from existing taxation. of the Market. The inevitability
A small
purchase
conTM of some degree of inflation increase in 8.60 tax on less essential consumer nected
goods
and a Little more on programma and the possibility direct taxation could then con- of further unfreezing of divi- dends has been another factor ceivably finance this year's pro-
great draw-in the continued firmness of the gramme. But the
industrial section. Warnings of back to any further taxation, as
new coal cuts had no apparent bankers pointed out recently, is
effect on the investor's deter- the it would only speed the onset of inflation and have the mination to get into good class Industrials though news of the effect it is designed to avoid.
reduced quota of cars for the S.S. "FLYING CLOUD” home maricot caused some small losses in motor shares.
1000 @ 13
3.70
C. Light (0) 0.10 8.23 1000 Light (N) 3.00 1000 Eletric ..... 2432 INDUSTRIALS
Cement
Rope STORES, ETC.
DoLy
1234 333
1231
Dairy (New) 1024 Watson
La
Crawford
1000 @ 12.30
Moreover extra taxation would mean that people would try to offset it from savings. This is in fact what they have been doing for some time pust with a result that is now ap-
Rocket Experts parent.
Gold mining and base metal shares were strong features at the end of the week.
In Australia With this in mind the Trea- NOTICE TO CONSIGNEES
Darwin, Feb. 4.
of
sury has announced_the_issue new Savings Certificates and Defence Bonds which carry Si Harry Garner, chict selen
slightly higher
rate of in- ist of the British Ministry of terest. than the current series. Supply, and Air Chief Marshal But it is difficult to
bellove Sir Alex Coryton, Chief Execu- that this will have any
effect tive of Guided Missiles, arrived
cliccking In
the dwindling here by air today to survey volume of personal savings. The guided rocket developments
ali drain
small KUA
of the Federal which On
savings The invitation
has been going Government.
During a two-month stay for some time has very little to do with the current rates of they will make a detailed study interest. It is almost entirely due of the Woomera Range and other leading defence centres to the rising cost of living and and meet Defence chiefa and the burden of taxation. actentists-Reuter.
Burning Ship Sinks
London, Feb. 4,
m/v_"CLYTONEUS"
wo
Damaged cargo ex this vesset will be surveyed at Holt's Wharf bo- tween 10 am. and Noon February 8 and 9, 1931, and con- signees are requested to have their during the sesentatives present survey,
DUTTERFIELD 4 BWIRE,
Agents.
Hongkong. February 8, 1031.
NOTICE TO CONSIGNEES
Therefore if the defence pro- gramme is to be carried out without serious damage to the
CONSIGNEES PER national economy by uncon- tralled inflation,
Australia-West any further
Txcila Lie taxation must be accompanied
-M/S "CITON" by strict financial measures to check, civillan demand.
are hereby notified that their cargo is being discharged into the Hong- kong & Kowloon Whart & Godowa Co's godowns, where it will be at consignors risk and subject to the
terms and condition
BAVING LESS
The 230-ton Swedish motor schooner Sug, which caught fre
One of the reasons why people yesterday north of Moon, in are not saving so much is beotard, and where delivery may be Denmark, and burned to the cause, as I pointed out last week, stained. waterline, has sunk, according money held in Post Office of to a Lloyds message received bank account is liable to be de- Damaged packages are to be left ing in the godowns for examination, by here. All the crew were saved. valued by the effect of rising consigners and the company's Fir
The Sug WOR
carrying price. People are therefore verons, Bears. Carmichael & Clarke manure from Wismar, Germans, more willing to borrow (and pay 16 10. on the 3rd February, to Oskarshamn, Sweden a substantial service charge") Reuter,
Egyptian Land
Tax Doubled
1931.
to inanco their purchases of To comply with the “General
vacuum
No Calme will be admitted after the pods have lost the steamer godowns and all goods remaining undelivered after the sth February, 1931, will be subject to rent
much
articles as furniture, radio Bonded Warehouse Regulatione com- signees must have a Rovenie Officer sota, refrigerators and
altendance when · damaged ers than they are to eve
to pay cash for these dutable goods are examined articles at some future time. The wisdom of this economic reason
obvious.
The additional Calro, Feb. 4.
charge on hire purchase transa0- probable The Egyptian Cablaot decided ions is less than the
All cladma fáradout the Kormor today to double its tax on "lose" of saving duo to the ris
Fodor before the 12th agricultural land, Mohamed log prices and tile is one of the must be presented to the Under reasons why such transaction | PORTURIY, "1951, or they will not be Fuad Soros el Din Pasha, in havo grown YORK by: Year sinco | recognised."
the end of the waxe
No Hiru Tristaniço will be efforted.
WELL, M.DO. LAD.
ter of the Interior, announced.
The :roiroactive táx would bring the Government & 10,000 Can the Government do any{30} 000 sterling for the past two thing to curb this bugs outlet for years, he said. The increase demondt would go towards social inform, they could but probably will not longong," Blaj Fimumy, JrL
Even if the desired reduction in
Bouter
Thanawan-Ja-that
DUE FROM:
New York via Manila
Feb. 10
SAILS FOR:
Kobe, Nagoya, Yokohamu, San, Francisco, Los Angelos, Now York, Baltimore, Philadelphia, Boston via Panama Canal. Feb. 11
(Transhipment cargo accepted for Jamaica, Havana and other
Cuban Ports, also Venezuela.)}
LIMITED PASSENGER ACCOMMODATION AVAILABLE
Above Dates Subject to Change
For Information Apply to:
A.P. PATTISON & CO., INC.
GENERAL AGENTS: CHINA, FORMOSA, KOREA, JAPAN AND HONGKONG.
Tel: 25346 12-14 Queen's Road Central 4th Floor.
CHINESE AGENTS:
OVERSEA CHINESE STEAMSHIP CO., LTD.
48 Bonham Strand West, 1st Floor.
гд
Tels: 26127 & 81119.
Pacific Far East Live, Inc.
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