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"FELIX ROD8SEL" "LA MARSEILLAISE" “TA MARGELĻLAISE".
"BEAUVAI8" **MEINAM"
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26th Feb.
to Marsellica via Manila Lei Apr. to Japan
to Marsellica via Manila 10th May
FREIGHT SERVICE
N. Africa & N. Africa & ......N. Africa, &
for
Europe 27th Feb. Europe 18th Mar. Europe 27th Mar."
}
PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGLER, CABABLANUA, HAVRE, DUNKIRK,
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CIE DES MESSAGERIES MARITIMES Queen's Building
Tel. 26651 (Three Lines)
WAT BRMAN
STEAMSHIP
THE CHINA MAIL, MONDAY, FEBRUARY 19, 1951.
NEW BRITISH STEEL CORN HAS MAJOR JOB
3
ON
(From Our Own. Correspondent)
HANDS
London, Feb. 17."
Britain's latest experiment in nationalisation passed this week from the theoretical stage into the realm of accomplished fact. With the vesting of 80 large companies, together with their 100 subsidiarles, in the Iron and Steel Corporation of Great Britain, the major part of the Industry pased into publie ownership but ownership without security...
HONGKONG SHARE
MARKET
The Conservatives are pledged, if over they return to power, to "unscramble the steel national-
isation egg" With this threat hanging over its Wool Prices In
head the Corporation must now proceed to show that it is capable not merely of running the indus- New try as efficiently as its former owners but that it can do an even better job from the national point Still
of view.
The volume of business trans- So far, however, it has failed But, haying made this pow acted on the Stock Exchange to resolve even the short-term tentous statement, – Ho this morning was valued at dimculties of the inko-over. unable to answer the obvious $143,437.00. The half day's The Corporation has insisted on question to which it gave rise: business and noon prices were scaling one of its members on What level of output does the ns follows:
the council, the executive and Corporation enylago at the SHARES BUTELI SELLERS BALZ* the. Anance committee of the end of that period? DANKS
industry's central administra- tion, the British Iron and Steel Federation, which continues in existence.
1C Bank .. 1300 1320 Est Asia
100
240
aso
Underwriterm 3
30 ( 180
INSURANCIS
Canton
Union
CORPORATION
HK Fire
125
DOCKS, ETC.
TO
8 526 500 m 1.
MOBILE ALA USA
WATERMAN LINE EXPRESS
FREIGHT SERVICE
FROM US, ATLANTIC COAST VIA JAPAN
4. 4. "ANDREW JACKSON” .......Due about ..... 27th Feb, 1951
"KISKA”
K. Whart
N. PL. What
Provident S'hal Deck LAND, ETC.
HK flote
HK LAM
S'hai Land..
UTILITIES
A meeting was held on the day following the yeating of the "public sector of the industry to try to in the Corporation 6.10 reach agreement on these out sie standing points of differenco
but without result,
6000
2000
“
5.10
6.80 7.10
140
600
Tam. 12.30
+
F
..... 22nd Mar, 1951
DIRECT FOR
Star Ferry...
NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN & HONOLULU.
4. 4. “ANDREW JACKSON” ... Baðla about ....
4. "KYBKA”
18th Feb. 1951
23rd Mar, 1951
ALSO ACCEPTING TRANSHIPMENT CARGO FOR
GULF PORTS.
WALLEM & CO., LTD.
Agents
Hongkong & Shanghai Bank Building. Telephones:---88041-5
NOTICE TO CONSIGNEES
Conal geen per
are hereby notified that their cargo je bilog dlacharged into the long- Kong Kowloon Wharf & Clodows Co's godowns, whare it will be, at Consignees"risk" "and" subject the Wharf's terms and condition of. storage, and where delivery may be obtained.
Damaged packages are to be left In the Godowną for examination by
Consigness and the Company's mir Mr. & Mrs. BUYER
vayors, Mears.' Carmichet ала
Clarke, at to wag me 29th February,
1951.
To comply Bonded
with the General
... the most importan
Warehouse Regulation. people in the colony!
Colgan muat have a · Hevenue
cer in attendance when dazinged duttable goods are examined."
No elaine will be admitted after
Let us through our ad
the goods have left the steamers vertising department help to
codowas, and "alt" proći remilning undelivered
after
February, Create more and more Mr. &
1951, will be subject to rent:
All claima against the steamer
Mrs. Buyers for YOUR pro
must be presented to the under- | ducts. Mamed on or beforn'
March.
1951, or they will not be recognised including planning,
No Fire Insurance will be effected,
W. I LOXLEY & CO.. (CHINA) LTD.,
Ben Line Steaminės, Led.
Hongkong, 16th February, 1991.
NOTICE TO CONSIGNEES
Damaged carge ex this vessel will be surveyed at Hólm? Wharf be- creen 18 a.m. and Moon on February 1 and 2, 1951, and consignees are requested to have their representa- bevis prevenit during the survey.
BUTTERFIELD A SWIKI,
Agente. Hong Kong, Tabeuary 17, 1901.
A complete service
ideas designs and blocks is avari able to advertisers in any of the 'big four' papers
SOUTH CHINA morning POST
HONGKONG TELEGRAPH
CHINA MAIL
SOUTH CHINA SUNDAY
POST-HERALD
For only a fraction of cent par roador, leach reade
|a potential buyer!) your sales message will make your pro- RODO HOUSE duct known, create confid
M
Mr Steven Hardie, chairman of the Corporation, emphasised
conference on
FINANCIAL SIDE
Zealand Rising
Auckland, Feb. 18. Whol orders in New Zealand are still rising. At the second main sale of the season at Dunedin yesterday, there was particularly strong demand for all clances of crosstred
Wool for which prices averaged six- pence to one
higher than urch wile.
On the financial side of the the writes are 80
40
nationalization medal Treasury has now announced
"cent higher than at the terms of the compensation Dunedin 15 December. The top
stock. It is a price issue of steel
yesterday Was 210 roa and a half percent stock pence for 12 bales of super with a maximum of 39 Merino years and was issued at This was in line with diff-200 pence. edged prices on the day of issue but the new stock finished the week at one and three-quarters discount.
the at a PresB evo of nationalleation, however,
Other issues of the slock that, as
aro companies which now nationalised dominate the may be necessary to finance the of the steel in- Federation, the "public scotor development 200 13 at the industry had a prepon.dustry. When all transfers are
mum paid out 100704grance of power on that body.agreed, the
actual compensation to former
200 131
C. Light (0) 0.10 8.39 1500 ☎ 6.30 C. Lt (N) 3.70 Bonus Shares Electra....
1000 58 201⁄2 500 € 2014
2000
035
Telephone INDJUSTRIALS
Coment 12.75 133 STORES, ETC.
Dairy ***** 1231⁄2 131⁄2 Dairy (New) 1134 Watson 21 Crawford zi
COTTONS
Ewo......**
3.70
tato to use its superior power iforation this year
500 @ 13
400 @ u 200 11%
the Federation continued to be intractable,
400 @ 1
Indian Trade Delegation
Karachi, Feb. 18.
in
Superhalf-brod made up to
Continental burers dominat- "A" tótál ed the proceeding
of 30,000 bales was offered.- Associated Press.
CHICAGO GRAIN
Bpot
FUTURES
He refused to be drawn on a steel shareholders may amount cuggestion that the Corporation to £240,000,000. In addition, it
Chicago, Feb. 17, might velo the Federation but is estimated that outstanding Prices of gain futures closed. implied that it would not hesi- capital commitments of the here today na follows:
to be fulfilled by the Wheat-price per bushel.
amount arch to £100,000,000, and the Cor-May poration has already arranged | July the to meet this year's first instal December The predominance of
September public over the private sector ments for development schemes Corn of the industry can be judged of £20,000,000. from the fact that it accounts But when the inancial pro May for nearly 100 percent of Iron visions for the second stage of July
special steel in the development schemes ore, plg iron,
are September gois and other "cheduled ac-approved,
December the total capital *fiye üvilles" of the industry as commitment may be close to May whole, The Corporation also £500,000,000.
Spot March
2.581
2.55%
2.849-15
2.05%-
1.02
1.800
1. 2013-1
1.90
1.09%
1.2371
100% naked 104 New York Mour-per 100 lb. suck. $13.70-United Press,
July
Date controls a large proportion of The impact on the market of starch An Indian delcgation of five the industry's other activities
stock Hay! arrived here
today for talks and has. In its employ over 50 the large issue of steel
has had an interesting effect with the Pakistan Governmen; percent of all its manpower, aimed at a remumption of full-
Anticipating sales by foriner
Exchange Rates
to
in
R. I. L.
ROYAL INTEROCEAN LINES
SINGAPORE JAVA PORTS and MACASSAR **THIWANGI”. “TASMAN" • TIBÄDAND
**THITJALENGKA"
VAN, HEUTEZ" •
ARRIVALS
In Fort 25th Feb.
23rd Feb
SAILINGS 18th Fol
12th Mar.
In Port
only to Engapore, Penang d· B. Del.
MANILA, EAST &
SOUTH AFRICA and
SOUTH AMERICA **TJIPANÁS** "TJISADANE" “TJIBESAU” **
*ROISSEVAIN” “STRAAT BUENDA”
1230 prooooding to JAPAN ̈**THIPAÑAL"
TJIBESAD "BOISSEVAIN"
"VAN EBUTSEN "STRAAT 60ENDA”
ARRIVALS
.20th Feb. 6..America,
ARRIVALS 7th Mar. 12th Mar.
. 23rd Mar.
18th Mar,
6th Apr.
10th MRT.
azrd Mar.
:
SAILINGS
Bih Mar.
7th Mar.
14th Mar,
14th Mar
4th Apr.
SAILINGS
Brd Mar.
Agents: HOLLAND EAST ASIA LINE
• EUROPE via MANILA
and MALAYA
"AAGTEKERE"
"ALMKERK”
"LANGLEESCOT"
to
Through 4/1 lastod Mediterranean and Northern Europene Perta."
• JAPAN
"AAGTEKERK” ↑ "ALMKENK" ↑ "LANGLEESCOT”
+ via Manila.
ARRIVALS
5th Mar, Mid, Apr.
ARRIVALS
5th Mar. Early Apr. May
SAILINGS
sih Mar. Early. Ass
SAILINGS
1th Mac. Mid. Apr.
EKINTE ROTHINGETELEPHONES BOISSTOSO | 7898
MAERSK LINE
FAST FORTNIGHTLY BERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PIHLADELPHIA; vis
SAN FRANCISCO, LOS ANGELES AND PANAMA -
NEXT SAILINGS
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"LAURA MAERSK”
M.S. "HULDA MAERSK”
scale trade between the two Without resolving Ita short-steel share owners, who had no.S. Cotton Exports countries.
term dificulties the Corpora- desire to retain their compensa-
Washington, Feb. 18. The Indian delegation is led tion has gone gaily ahead with flon in the form of glit-edged by Mr N. R. Pillal, the Cabinet its long-term plans for the insecurities, jobbers quoted new The Department of Agricul Secretary to the Indian Govern-dustry. Mr Hardio was
not stock at less than its true value ture reported today that ex- ment-Reuter.
very enlightening when he was in relation other similar ports of cation from the United questioned Оп those planstocks. This had the effect of States on last December, totalled earlier this week. It appears causing an initial "decline 1h 467,000 bales of 500 bounds TANKS that the Corporation has much steel stock to two and a quar gross. This is slightly lower- to consider when it gets down ter discount and dragging other than the cumulative total of
active
administration, and gill-edged prices down with It. 1,871,000 for the similar" period Business was done in the local Mr Hardie attached great im- But although it accentuated of 1949, the Department said.-- unofficial exchange market hiportance to the fact that it the decline in the glit-coged United Press, morning at the following loss,
plans ""to have
section of the market, the steel progressive used perfong-term planning for 25 to 50 issun was not the only factor at U.S. dollars
340 years ahead for the main raw work. The prospect, of inflation 20.00 material supplies upon
which is the boggy, in every, investor's 17.35
raind and his natural reaction 1155 our industry is founded.”
has been to divest himself of axed interest securities and get into some other form of invest ment that will earn hina his share of the inflation cake.
Indonesia quliders (per 100)
slam cala (per 100.
Bingadde 7 (Bisalta)? \.........
FIC plastres (per 100)
Caution Keynote On Financial Market
New York, Feb. 17.
Caution signals few high on the masthead of the financial district this week. Brokers' analytical services and market commentators suggested to be careful in making new commitments at this time.
4
INVESTORS' BELIEF
+9
What might have developed into a mass movement out of gilt-cuged securities, at least by the smaller incestory, "has been prevented by the firm be lef that the authorities will soon take action- against the downward trend of prices. This belief is strengthened by the conviction that a des
The result was a sharp falling: lem which ran up points
and off in business
small on
the weak. Some of mist growing increase in selling in the first cantiles were bid up Firat fence loan will shortly 'de three days of the short week. But national stores responded to tie | Iaunched In
connection with when buyers retreated a little favourable dividend
and stock the rearmament" programme. bit, new buyers stepped in and split proposal. McCrory stores Re-investment of steel stock the Hat made a fair” recovery in
had
the similar news to aid it continues meanwhile to bepelli the Friday' session.
The favourable dividend actions the home industrial and com- Industrial shares rose on Mon-helped such istes da Stude modity markets day and set a new twenty-year baker, Kennerbit
But despite copter, Minrod
The prpepeci
lof high. They declined for two
Anaconda copper,
increased activity In these asions and rallied enough copper,
Fakard Clark equipment
and phares and evidence of a thaw
three
leave them slightly higher on the Master Electric, Good earnings | two factam end freezy "PÓLEY, other. There | trial sutions menace the indus:
week. Rails lost for
straight days and
when
other
240, Tai Po Road, Kowloon, ence in it, and instil the sidelights of the week Was
in the
Tel. 60976
desiro
fo buy,
Hi helped many rallied only partially. Utilities not a new were strong spots in chemical high for the year, rising when communication food, coal, the market generally in bulding and television groups decline and casing alightly in Undled Press. Friday ression groups advanced. One of the flurry in gold mining stocks which responded to the rumours Dable Address: "RODOHOUSE" | thousands of homes and of the rise in gold pries, sub-
and comfortable
melil quarters. sequently, i was denied in living quarters Availabis moderate prices
A wide array of special issues Meals are cheap (30 for 3
received attention of buyers on mesis) but they are wholesome,
the belter that they were behind Hotel Gar provided for our
the market. Special news items quest,
sent marry issues sharply highër. flogleter in the RODO HOUSE
Fow high-pitced issues appear- now,
ed at fibe wide gels, hol-! Y. H. CHAN,
Har ably New York and Manager.
1st
offices Into which this in fluential group of papers ge SOUTH CHINA MORNING
POST. LIMITED TEL: 26611
Pacific Far East Live Inc.
DIRECT
BAN FRANCISCO, LOS
sat Regular Trans-Pacific Service
OVERLAND
New-York-Chicag◊ DETROIT-TORONTO
,, MONTREAL AND ALL American a CANADIAN CITIES
FOR
ANGELES
.... From
Arrives
Balls
«NJ. L. LUCKENBACHP -
KINDIAN DEAR”
San Francisco
Etraite
Feb. 19
Fab. 21
Job. 11
Sen. Franciata" vis Kobe,"
Nagoya ·Yokohama ·
Mikalbo
Mar.
Mar.
San Francisco
Hara'osti General "Agents, Unfiéd Blatos Line Col
Dinkaria, Singapore, Colomba
"nombay de Karacha
Yokohama
Indian Food Situation Worsening
The dirt is the reasonable contain new and painful taxe bellet that the Budgit may
tion measures," and "pan""second is the rever-present problemi bëj ma berină! ruppités.
Re tovestment activities, therefore while giving a fillip to most
row
sections of the
the market, «have f tended to
concentrate
rate on starts Prospects i fare torial shortages are least ly to have a
produc
ing..... companies Parfemale those
Operating in the Colonies. are naturally among the most Bombay, Feb. 10. Lavoured. There were
aligh India's food situation, blready sethicks" in base, mafala,,this
on a ship to mouth basis as a, week' bin rubbers and tins Zair- result of chronic low producy leaped ahbad. Dils
were tion and a series of disasters, also better.
was described folday by omelata
deteriorating.
The response of the United Haifa Refineries
States Congress to President i Truman's request for 2,000,000
Haifa, Feb. 18
́ ́tön -- of grafik, for 1 India wid
The British-owned, Haifa Re awaited by Government food officials before taking final stepseries have begun to work at 10 meet the food cruis, creased capacityarterit an Truman told Congress last weekd agreement bowden the Irnell that grain shipments must begin companies reached in Lond Government did /. Brítiali by April because "human live last month, usually re depend on our taking prompt sources said today shad action"
The druder oll-syrivi Earthquakes, R droughta... foods throughout India during en walioku a zehn the past lausar e destroyed (largo
Towing Into food reserves the Betineriol which never; have been 100 high because of the country's works who talamely low rate of "ridçul #ployega
New Agreement
Baghdad, Feb. 18. Britain and Iraq have reached a new agreement after financial, talks here, official Government! sources
announced today.—A spokesman said that representa- fives or the two countries were expected to sign the agreement officially later today,--Reuter.
Feb. 27 Mar. 15
Mar 80.
OF ALL SIZES AVAILABLE FOR BULK OIL
ARRIVALS FROM U.S.A.
M.S.
"HULDA MAERSK”
M.S.
"TREIN MAERSK”
M.S.
"PETER MÄERSK”
Feb, 26
Mar. 11
Apr. 1
For Freights and Further Farticulars please apply to:----
AGENTS:
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Tel. Nos. 26661-3.
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in
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