Page
THE CHINA MAIL, MONDAY, MARCH 5, 1951.
MESSAGERIES MARITIMES Headaches
MM
**MEINAM”
ARRIVALS
from Japan
SAILINGS
PASSENGER/FREIGHT SERVICE
"FELLX ROUSSEL" "LA MARSEILLAISE" “LA MARSEILLAISE”
"DÈAUVAIS"
"MEINAM"
GRANVILLE”
to Marseilles via Manlia to Japan
24th Mar,
1st Apr. 8th May to Marseilles vis Maulla 19th May
FREIGHT SERVICE
N. Africa & Europe 8th Mar, N. Atrion & Europe 28th Mar, -N. Africa & Europe 27th Mar.
for
·
PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM.
CIE DES MESsageries maRITIMES Queen's Building
Tel. 26651 (Three Lines)
WATERMAN
STEAMSHIP
For U.S.
Britain Confronted
Business By Serious Shortage
New York, Mar: 4., Rapid changes in prico und wage control regula- tions kept industry and business hopping this week. It was a struggle to keep up becausé of the Govern- ment awitching signals on several of its orders.
Under the changing rules, clothiers had to unfreeze present prices. In the future, the freeze will be on the percentage of mark-up--the margin between what the retailer pays and what he charges customer for na item.
Automobile
manufacturers
received permission to incrensa their prices for new cary 3 per cent
Wage controls were amended
Of
Commodities
(OUR OWN CORRESPONDENT)
London, Mar: 4.
The Labour Government has suffered two week-end, defeats in sue- cession. The second of these, last Friday, was on a private member's motion criticising the Government for not stockpiling vital commodities and for not making more use of private traders to ensure continuity of supplies.
Members listened to a long statement by Mr Harold Wilson, Presi dent of the Board of Trade, in which he outlined the raw material situation with special reference to the now critical shortage" of sulphur.
At the end of it Conservative members were, still far from satisfied that the Government was
to permit payment of cost of doing all in its power to build up the nation's HONGKONG
living increases above the
stocks of those commodities which will be most ceilings recently imposed.
The
reaction of many necessary to enable the rearmament programme businessmen to the price and to be carried out. wage control changes was that they would like to see a little stability the stabilisation
programme,
CORPORATION Industry were not confined to crimination, tempting
MOBILE ALA USA
WATERMAN LINE EXPRESS
FREIGHT SERVICE
FROM US. ATLANTIC COAST VIA JAPAN
4. a. “KYSKA”
Due about
DIRECT FOR
21st Mar. 1951
NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN & HONOLULU.
4.1, "KYSKA”
Salls about 22nd Mar. 1981 ALSO ACCEPTING TRANSHIPMENT CARGO FOR
GULF PORTS.
WALLEM
& CO.,
LTD.
Agents
Hongkong & Shanghai Bank Building
Telephones:-38041-5
GREAT SALE
RUGS
PALACE RUG CO. 4. Granville Rd., 1st Fl. Kowloon.
PRESS PHOTOGRAPHS
Copics
of
photographs
The worries of business and
controls alone. The big woollen and worsted mills still
were shut down by a, wage dispute. Labour trouble threatened in the cotton
and
rayon industries. General Electric sala It would sell its Oakland, Calif., trans- former plant, closed since last last
by a strike, October Production remained high, however. high level
to keep
ย
The
SHARE
MARKET
of
volume
business transacted on the Stock Exchange this morning was $178,230,80. The half day's business and noon closing prices were as follow!
SHARES BUYERS SELLERS HALES DANKS
4 @ 1300
IK Bank East Anda
INSURANCES
Canton Union
1900 XD
101
It would be dangerously easy| suffident quantities to ensure to join in the condemnation of a steady outflow of defence the Government but what we equipment, which is by no means. desperately need now is not re-something that can be taken though for granted) we find that there that might be, on purely political are very few commodities which grounds but a way out of a are in anything like adequate situation that is becoming more supply. critical for every day action is So far as foods are concerned delayed.
(and
food has the lion's share of the money set aside for stock- "The Economist" says piling) that cocoa, sugar and possibly. wheat alone among the staple when
are likely to bo foodstuffs available in large quantities this year. Those three commodities constitute a strategic stockpile of food,
On the raw material side metal is in practically every
degrees of shortage. varying Such metals as copper,
zinc, nickel,
chrome, DOCKS, ETC. tungsten, molybdenum and some other alloy metals will be extremely difficult to obtain but without
TestTVCS of
these sufficient
the country materiala
cannot feel adequately prepared for the worst that could happen.
So far as the merits of private trading are concerned Mr Wilson pointext out quite justinably that commodities for which there are free markets have experienced It had to stay at the same rise in price as those
ahead of | mounting military contracta." which are bought on Govern- alone could hardly be said to
General Motors Corporation, ment account. for instance, announced it had
It might be added that if the recived more than US$3,000,- Government is to blame for not 000,000 worth of defence orders, starting to accumulate stocks This is about one-fourth the before shortages and high prices dollar volume of military goods overtook it, private businessmen In- General Motors made during were no more prescient. World War IL-Associated dustrial stocks generally are Pressi.
Below what is considered
Is normal level, and this applies just
much
freely modities which are available in world markets.
Worth St. Trading Held Down
Corn-
RODO HOUSE at 100s of widespread building up a stockpile of those
EMBARGO POINTLESS
Little could be obtained for our own stockpile by banning exports of raw materials to the iron curtain countries.
Except for rubber the amounts of raw materials which we export to these countries are
very small
and we would probably stand
to lose more than we would the gain from an all-out trade
embargo.
Mr Wilson pointed out that when goods were available, dollars were not, and when the dollar position improved, the commodities were not there. But But this only applies to commodities which are bought in the dollar atch. The Government's critics are on safer ground when they New York, Mar. 4. The price ceiling uncertainties blame the Government for not
strikes in cotton and rayon commodities of which the 249, Tal Po Road, Kowloon, mills continued to hold business | sterling countries
Tel. 60976
down last week in the Worth principal producers and which it Cable Address: "RODOḤOUSE" Street cotton goods trade. is now belatedly trying to ac-
The suspension of trading inquire. 1st class and comfortable
spot cotton and futures markets living
available quartere
for the fifth week and signs of moderate prices.
increased buyer resistance to Meals are cheap (38 for 3 high prices
goods of finished meals) but they are wholesome. further complicated the picture
political events overtook Hotel Car provided for our for mills attempting
more concerned with building guest.
plans. formulate future
up dollar reserves than with Roglater in the RODO HOUSE
Burlap trading remained at a UP
building up commodity reserves. virtual standstill. while Y. H. CHAN,
It is now being criticised for trade awalled a decision Manager. ceiling prices.
One report said not still having the cake it has that American Interesta first already caten. would seek to obtain from India
now.
ESSENTIAL
SUPPLIES
CERTIFICATES
Application Forms
at
for
Certifi-
to
on
THE QUESTION
comi-
Underwriters
NK O** SHIPPING
10 GA 30
8
677,50
143
Asik Nav. 000
K. Wharf ... $1,50
P. Where 5.100%
13 Providone 1134 Shal Dock.
LAND, ETC.
HK Hold..
HK Land Humphreys UTILITIES
Tram ....
Star Ferry
C. Light (0) C. Lin (Bonus)
Electria
Cement Норе
STORES, ETC.
Daly
The Government's hopes now phem to be concentrated on the INDUSTTUALS cutcome of the various modity groups which are being There can be no doubt that set up in Washington. If some-
Government
11th beag enn be dode to ensure a Wos,
It,
of more equitable distribution available sup
supplica among the free nations by a reduction in Am American abockpiling these hopes Failing may yet be realised. that, the building up of strategie cán only be accompanied Nirther restrictions
The Government has already Civilian consumption a de-
12%
0.00
Dairy (New) 114 Watron
20% XD L. Crawford 2115
12,90
3 5000 @ 2,585
500 € 5.50
អ
R.I.L.
ROYAL
INTEROCEAN.
• SINGAPORE JAVA PORTS and MACASSAR **TASMAN”. “ **TITEJALENGKA" "VAN BEUT8Z” * "TJIWANGI"
ARRIVALS
In Port
16th Mar.
.27th Mar.
⚫ only to Bingapore, Penang & Dell.
MANILA, EAST &
SOUTH AFRICA and SOUTH AMERICA "TJISADANE” ↑ "TIIPANAB” "TJIBÉJAR” •*
+ "BOISSKVAIN?” "STRAAT SOENDA”
• JAPAN
: ARRIVALS
In
Port
LINES
SAILINGS 7th Hir. 18th Mar. 24th.Mar.
1st Apr.
SAILINGS
700 HERE. -19th Mar
**
La Port not proceeding to 8. Americn.
5th Apr.
† not calling Manila.
ARRIVALS
SAILINGS
.14th Mar,
.20th Mar.
.28th Mar.
18th Mar.
4th Apr,
"THPANAS”
"TIIDE:AR”
"BOISSEVAIN”
"VAN HEUTEZ”
"STRAAT SOENDA”
20th Mar,
Agents: HOLLAND EAST ASIA LINE
EUROPE við MANILA
and MALAYA *AAGTEKERK”
"ALMKERK” "LANGLEESOOT"
Through 'Bi/Led to Mediterranean and Northern European Porta.
JAPAN
“AAGTEKERK” ↑ "ALMKERK” + "LANGLEESCOT”
+ via Manila,
ARRIVALS
.20th Mar, .Mia, Apr.
ARRIVALS .10th Mar, ....2nd week Apr.
May
SAILINGS 11th Mar. 2nd wook Apt. MAY
SAILINGS
26th Bar. MIA, Apr.
KIMOS BELDINGE KLEPHONES AMATOR2m7.
SRRECTUMISERADENÍ SERZIOISA AUDITZHGADZIZIMASEUDUJVE,
MAERSK LINE
FAST FORTNIGH TLY SERVICE TO: ~
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vis SAN FRANCISCO, LOS ANGELES AND PANAMA
NEXT SAILINGS
M.S. "LAURA MAERSK"
M.S. “HULDA MAERSK”
M.S. "TREIN MAERSK"
Mar. 15
Mar 80
Apr. 14
TANKS OF ALL SIZES AVAILABLE FOR BULK OIL
ARRIVALS FROM U.S.A.
400
1000 @ 15
M.S. "TREIN MAERSK”
M.S.
Exchange Rates
Busines
this
to maintain the announced that £140,000,000 is civi
was done by the loc commitments present celling prices on export to be spent on stockpiling in the privation which would inevitably unofficial exchange, market
morning, at the Zollnetner -rated- ing in bebe borse for the most part by a note (per 4).... burlap before the United States year 1951-52.
the home market or in com- U.S. dollars (per Ministry makes it plans for dollars divided between and cents ceilings here.United
pethion with other stockpiling Indonesia kunders (per 1005... authorities-tits giving the im-Ban cal per 100)
Aingrøder. (Strakti) inflationary FTC pretres (per 100) Petus to another price spiral.
Pres.
Tin Conference
But
This
the taken by the South China
of Food, the Ministry of Supply and the Board of Trade. Morning Post, South China
the mere fact of setting aside Sunday Post-Herald, China
money for accumulating strategic stockpile does not add Mail and Hong Kong Tola-
a single day's supply to our depleted stocks. Washington, Mar, 4.
The questiba graph Staff Photographers Essential Supplies
not so
so much
whether we have A diplomatic melul told the the money as whether supplies catės may be obtained from United Press that the State will be available for us to buy. Department had fixed March 14 South China Morning Post as the date for holding a pre-spent on stockpiling could be Even if the total amount to be liminary tin conference here to used for acquiring commodities Limited.
consider setting up a tin alloca we would most like to put by, tlons committee under the cen- tral allocations group.-United We would Press,
are on view in the Morning Post Building.
ORDERS BOOKED
10 CENTS EACH.
2 FLIGHTS WEEKLY!
IT CO-OPERATION WITH CAT
NORTH H儡
TAIPEH & TOKYO MONDAYS & FRIDAYS
SOUTH Io
SINGAPORE via BANGKOK-
WEDNESDAYS A. SUNDAYA
Epres Skymaster COACH SERVICE at reduced rates!
PACIFIC OVERSEAS AIRLINES, SIAM
Les Ave
PENINSULA HOTEL, KOWLOON. PHONE 50045.
Pacific Far East Line, Inc.
Dorcy
SAN FRANCISCO, LOS ANGELES
*PHILIPPINE BEARS?
"F, J. LUCKIMILA CIE?
**7, L. LUCKENILA CHI”
*EDGAR LUCKEŃBACI
“MATIKŲ LUČKENBACK“s
Stralis
Frem
Fast Regular Trana-Pacific Service
OVERLAND
NEW YORK-CHICAGO DETROIT-TORONTO MONTREAL AND ALL AMERICAN “CANADIAN CITIER
Arrtres
Batha
For
2 TolestumtuM 13,
San Francisco via Kobo” &
Yokoham
Saa Pemachico & Lom Angsion
STOCK EXCHANGE Rubbers provided the wock's highlight in the Stock Exchange. The boom started on Thursday and gained such momentum that prices went ahead by as much Jobbers were unable to keep up as three and four shillings." with the rush to buy and were roun short of stock, leaving them no alternativo but to raise prices
further to
to bring in sellers. Other commodity shares con- thued their advance. Sical gains have been fully held on the higher price of the com- modity and the benefits gained by the change of domicile.
Gilt-edged
made gains and
still have only a pitifully small reserve to fall back on in the event of war. The foot must be ideed that i War comes the free world might be cut off from some sources of vital raw materials and the sequisition of others would be come even more difficult than It is today (although in total war, expense would no longer el dock ended the week at its highest Level Several [be a deterrent),
Colonial 1 borrowers are awaiting We could, it is true, build up an opportunity to enter the useful
stock of raw materials market but it is believed they by further
restricting civilian will hold off until the market consumption but there are strong has been "groomed.” reasons why the Government is hesitating to do this, For one)
civilian consumption of commodities has already been restricted to make greater supplica available to industries engaged in rearmament work. To extend these controls would undoubtedly cause some unem- ployment, and the présent Government could hardly do this without inviting criticism from its own supporters.
certain
NO ALTERNATIVE
Japanese
Industrial
Mission
Tokyo, Mar. 4. ́ ́· But the real reason why the Mr Shigeru Yoshida, is selecting The Japanese Prime Minister, "civilinn" producer cannot be entirely deprived of those raw members for a special "Industrial materials of which shortages mission" to be despatched to the exist is in simple fact that the United States shortly, according country is not. ́at whr.
to One
the Kyodo news agency often hears it said that if we today. managed to do those things The despatch-of-key-indus-? through ave years of total war trialsts will be separate from why on earth can't we do them the proposed despatch of the now that we are at peace? The Finance Minister, Mr Haysto anewer le simply that we are Ikeda, and the Prime •Miniator's (technically at least) at peace, personal Indivimor, · Mr Jiro Much can be done in wartime Buram, to Waington to ox that no government would oon podite the settlement of a praco template dolbg in
peacetime.
said:
Nevertheless the present altus-
Lion
JOUYOR? DO alternative to
Industrial mlation will be
greater: two of controls to limit posed principally of sup
Ipvel businy civilan consumption of row concludl
maderiala :: that are: Ingently
needed for the rearmament pro
gramme and
PETER MAERSK”
M.S. "LEXA MAERSK”
Mar. 14
Mar. 23
Apr. 21
For Freights and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
0.00 3.89
$$.50
Pedder Building,
Fly HIGH above the
Tel. Nos. 26661-8.
DCB
in a
weather
יי
The four grand engines at:
the D.C. "Cloudmatte mean, power to take you
the calmest altitudes," Air
conditioning and radiant.
heating in your extra-pres-
surized cabin provide the.
right atmosphere all the time.
6. A. 8. offers the famour
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