MESSAGERIES. M
**MEINAM”
THE CHINA MAIL, TUESDAY, MARCH 20, 1951.
Y MARITIMES TARIFF CUTS FEARED
ARRIVALS
from Japan
SAILINGS
M
"PASSENGER/FREIGHT_SERVICE_
"FELIX ROUSSEL" "LA MARSEILLAISE"
"LA MARSEILLAISE”
"MEINAM"
"GRANVILLE"
"CDT DORISE"
26th~Mar-
to Marselles via Manila 1st Apr. 8th May to Japan
to Marseilles via Manila 19th May
FREIGHT SERVICE
Pakistan Rupee Par Value
Washington, Mar. 19. The International Mone tary Fund tonight an- nounced the establishment of par value for the Pakis- |
.N. Africa & Europe 27th Martani rupee at 3.30852 to
N. Africa & Europe 29th Mar,
N. Atrica & Europe 28th Apr. for
PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIRE, CASABLANCA HAVRE, DUNKIRK,
ANTWERP & ROTTERDAM.
"DOCTEUR YERSIN” ......for Batgon
21st Mar,
CIE DES MESsageries' maritimes Queen's Building
Tel. 26651 (Three Lines)
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
one U.S. dollar.
3
Financial ctroler. immediately characterised the acceptance of the rupee at par value of almost 30% U.S. cents as a "consider- able victory" for Pakistan, successful dimax of that coun. izyla__year__and a half fight against following the devalua- tion of other Commonwealth countries.
Monetary officials added that the establishment of a par value for the rupee "undoubled- ly paved the way" for an an nouncement early today that the International Bank is ready to begin negotiations on a large development loan to Pakistan.
Tracing developments over the past year, financial experts pointed out that a series of events led almost inexorably to work acceptance of the rupee at par value demanded by Karachi.
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via was set for discussion at the
SAN FRANCISCO, LOS ANGELES AND PANAMA
NEXT SAILINGS
M.S.
"LAURA MAERSK"
*M.S. M.S.
"HULDA MAERSK"
TREIN MAERSK”
Mar. 21 Mar. 80 Apr. 14
• This vessel calls Vancouver prior to San Francisco.
ARRIVALS FROM U.S.A.
M.S.
"PETER MAERSK"
M.S.
"LEXA MAERSK"
M.S
"SALLY MAERSK"
Mar, 28
Apr. 21
May 8
Jap Trade Agency For U.K.
London, Mar. 10%- Bristo bad agreed tổ"tha“ opening of Japanese over- peas trading agency in this country, the Minister of State, ir Kenneth Youn- today. ker. Bald
He told Commons MacArthur
the Hones of that
General
asked several governments whe
to ther they were prepared receive such agencies from the Japanese Government.
Similar agencies havsal. ·. ready been opened in the United States and France, -Beuter
BY U.S. INDUSTRIES
Washington, Mar, 19.
Senator Robert Taft said-today-that-hundreds
of American Industries are “scared to death” over possible tariff. concessions resulting from the current international negotiations at Torquay, England.
Mr Toft noted at a Senate hearing on extension of the!
reciprocal trade act that HONGKONG
American foreign trade broke records in January, and asked: "Haven't wo gone far enough?"
Winthrop G Brown, Director of the State Department's Office of International Trade: Policy,
GOVERNMENT testined that "Itahould be better
BONDS
WEAKEN
London, Mar. 10. The stock market sagged to day, led by weakness in British Government bonds.
LOSFES in the Government.
Perala's move
SHARE MARKET
for all concerned. If the trade Busities on the Sidek Ex- levél werd higher,"
change during, the morning Mr Brown Bald that the too-$195,846. Noci ries United States is still a creditors word as follows: ration, and ad cxcca of exports
JIANKI
is needed to service foreign") BÍLANKS BUYERS' GELLENÁ' SÄLET obligations to the country and IK Bank XD for other purposes.
More
than 30 nations havO | INSURANCES
Canton boen negotiating new tariff con cessions at Torquay. He said the session is expected to end about April 20.
DRAIN OF GOLD Senate Finance
RIL
ROYAL
INTEROCEAN
SINGAPORE JAVA
PORTS and
MACASSAR
"TJITJALENGKA" **
“"VAN HEUTS2”-
"TJIWANGI"
"TASMAN" :•
谢
ARRIVALS
.21st Mar, -In-Port
27th Mar.
29th Mar,
only to Singapore, Pellang & B, Dell,
not calling Singapore,
• MANILA, EAST & SOUTH AFRICA and
SOUTH AMERICA
"TJIPANAS”*
"TJIBESAR” ** †
"BOISSEVAIN"
"STRAAT BÓENDA”
"TRUELBELG"
ARRIVALS
LINES
SAILINGS 33rd Mar, -21ck-Mar.
11 Apr
EIN AD
SAILINGS
In Pori
20th Mar,
27th Mar.
In Port
8th Apr.
4th Apr.
*** net' proceeding to 8. America,
† not calling Manila.
•· JAPAN
**TJIBEBAR"
"BOISSEVAIN”
"TEGELBERG"
ARRIVALS
22nd Mar.
26th Mar,
"STRAAT 80ENDA” .... 7th Apr.
sth May
8th May
SAILINGS
20th Mar,
6th Apr.
Agents: HOLLAND EAST ASIA LINE
"ALMKERK”
PARENDSKERK”
EUROPE vie-MANILA and MALAYA
50 0 200
Underwriters 3.20
SEPPING
Ania Nav... Com-DOCKS, ETC.
K. Whirl.. Dock Provent
"LANOLEEECOT”
10 ca
80
11,00
Stial Dock
000 @ 1.25
Wheelock
list ranged from - through mittee is holding hearings on most of the list. Losses of a legislation passed by the House few pence were general among te extend the trade agreements industrial stocks,
act for three more yearsi to nationalise
Mr Taft, a Commitee mem- oll enterprises again depresser her,
foreign sald American petroleum shares, Mining issues trade in January totalled $1,- were irregu ar
220,000,000, a level he estimated The Financial Times daily at twice as great as 1948-49. He index of London stocks
said there was a $50,000,000 119.8, of 2-Associated Press. excess of imports over exports
TRADING DOWN
and sald this meant a drain of New York. Mar. 15. U.S. gold.
Was
ma-
The evaluation of the rupeo Paris meeting last autumn of the International Bank and Monetary Fund. When it decided to postpone such discussions for a few weeks and transfer them to Washington, India Issued a against the delay. statement
oficials considered Monetary that this forced the matter too much into the open and tended to solidify Paklatan's resistance Trading slowed down almost
Mr Brown testified the Jan- against any compromise.
to a half today in the stock uary figures reflected price in- "there had been market, Before then,
Prices slipped lower, creases, and included imports of indications that some "revalua-Some 1,300,000 shares changed in, rubber and other tion
of the Pakistan rupee hands the lowest total in a terials bought abroad for the downward might be arranged little more than
year.
American defence stockpile.- without bringing it clear down Friday, business amounted to Associated Press. 1,680,000 shares. about 30 percent on September, Most of what little activity 1940.
there was centred Almost immediately, the UN. steels, motors and radio televi- reverses In Korea gave great sons, Lower were U.S. Steel, Impetus to American stockpiling | Studebaker, Goodrich, J. 1. production and set cose factors Case. Douglas Aircraft, Admir- strengthening the financial posir Corporation, Zenith, Ameri tion of raw material producing can Telephone, American Smel- countries, such as Pakistan.
ung, On February 25 at Karachi, Chemical, and General Electric. India and Pakistan signed a Dow Jones averages: trade agreement which New Delhi agreed for the time being to recognise for exchange pur poses
that three
For Freights and Further Particulars please apply to:-te the Indian rupee, devalued
AGENTS:
JEBSEN & CO.
Peddor Building
Tel. Nos. 26661-8.
BEND LINE
FAST SERVICE TO UNITED KINGDOM
AND CONTINENT
BY
S.S. "BENVORLICH"
- LOADING-HONGKONG 21st MARCH
FOR
LIVERPOOL & ROTTERDAM
VIA
KOHSICHANG, STRAITS, COLOMBO, ADEN,
PORT SUDAN & PORT SAID.
Pakistan! Tupecs would be worth about five Indian
rupees.--United Press.
World Bank's Big Loan
To Pakistan
Washington, Mar, 10,
to
The World Bank today an nounced that it intended make Pakistan a loan for the development of agriculture, elec- tric power, railways,
telecom- munications and new industries. A Bank mission visited Pakis- tan last October and later said that foreign exchange of about $00,000,000 would be required
W.R. LOXLEY & CO., (CHINA) LTD. for these projects, which the
York Building,
Tel. 84165 & 88710.
Canada Can Do Little For Imprisoned Nuns
Ottawa, March 19.
A government spokesman said today that Canada could do “nothing official” to aid the five Canadian nuns supposedly charged with man- slaughter by the Chinese Communists in Canton.
The Department of External been warned. several Hmes Affairs said the British envoy in | through official channels to leave Peking had been asked to seek China after the Communists confirmation from the "Central) won control-United Press. People's Government"" of reports that Ave sisters of the Order of the Immaculate Conception were Imprisoned,
The Department pointed out" however, it would be senseless to give any one the idea that there was much we could do.
Dossible will Everything
dano by our people and the
...there; | British
repacontatives Canada has no direct represon- in Peking, and has never red the Peking, régime, Since Red China is not a mem- bor of the United Nations; no accusations can have any effect
thera
The Department of External Affairs had received no official -confirmation that the nuns, whe operated an orphanage in Cars ton, was being Hald
Goverment officials/vero sold British" Uruisis: Bad Buem ubod to make oppotal representations
the
PHILIPPINE NEWSPRINT
REQUEST
Stocks
.
اکسار
inals U.S. COTTON|
EXPORTS
American Woollen Dow DROP OFF
20 Industrials 15 Rails
10 Utilities
-Associated Press. JAPANESE BONDS
New York, Mar. 19. In the bond market, Japanese issues were mixed in the foreign dollar list.
LAND, ETC.
HK Hotel XD 5.20 5.00 500 ik Land XD 339 342 Humphreys,
UTILITIES
Trom KD C. Light (0) C. Light (Bonus) Electric XD
Telephone.. INDUSTRIALS
Cement XD.
10
STORES, ETC.
Dairy (New) 115 Watson XD
COTTONS
Ewp
Through B/L isked to Mediterranean and Northāra European Ports.
• JAPAN
"ALMKENIK”+
1,30 “LANGLEESCOT'+
“ARENDSKERK"+
+
vin Manja,
1000 12
6.30 1000
10.28
2,70
QUIET IN RUBBER
MARKET
Now York, Mar. 19. Rubber futures closed today quiot and unchanged to 200
91,80
Washington, Mar. 10, 248,00 United States cotton exports 82,04 dropped sharply during January 42,88 the Argriculture Department reported today. The total from August to January was 2.247,000 five-hundred-pound bales, com-points lower, with no salas pared with 2,525,000 bales in reported. Eastern shipment the same period i 1949-50,
The Department said in its offerings on sheets were reported
negligible. Tokyo Electric Sixes added weekly review of foreign crops 1/4 points, while Shinyetsu and markets that it does not Electric Power Sevens, Japan know whether Fives, Great Consolidated allocations will be made before Electric Power and Oriental the new crops come in. Development Sixes were
In the August January period, fractionally to 1% points-As-most countries registered a sharp sociated Press,
drop, com
compared with the same period of 1949-30. But Spain's Imports Jumped fran 20,000 to 34,000. India also showed a climb from 7,000 to 71,000,-- United Press.
of
SCATTERED
SELLING
IN GRAINS
Chicago, Mar. 19. Continued United
any
Prices closed today as follows:
mare
Boot
March May July
NEW ORLEANS FUTURES "New Orleans, Mar. 19. Cotton futures closed today is follows:
Spot
May
July
October
December
Nations March (1952)" successes in Koren led to scatter- July
May
mission had reviewed.
le prepared The Bank finance an appropriate part
foreign exchange costs (these) projects," today's an- nouncement sold.
to
of
of
loaned
ed selling of grain and soybean futures today. Wheat and corn were off more than cent, a bushel most of the time, and soybeans were down two cents or more.
LESS
The amount to be would be decided after negotia- tions with the Pakistan Gov- ernment.
Trade was light in anticipation
44.91
45,39
45.38 41.71-41.72 €0.93 40,79 hid 49,55 Dia 40.17 bid
United Press,
LONDON
*2,00
70.00 bid
02.00 bid
60.00 bid
United Press.
DIARKET
London, Mar: 19. Prices of rubber futures closed here today as follows:"
Number 1 rubber,
in cents per . .... 83%-04 July/September October/December
5714-4
5312-17 United Press.
SINGAPORE EASIER
FOT
Rubber prices casedi what today. Opening sales brought 2.16. (Straits), a pound compared with Saturday's cloe- ing level of 224-1/2-Asso- clated Press,
STEEL Exchange Rates
of the Government's report on FOR U.S.
1951
prospective plantings
The Bank added that it would issued after the close of trading. bo glad to offer Pakistan The Agriculture Department technical assistance to other projects and to consider
study announced farmers, plan to plant INDUSTRIES
making other loans. Reuter.
www
N.Y. Textile Market
New York, March 19, The cotton textile market was quiet today. There were larger offerings of resale goods and print cloths, with buyers resia prices
85,694,000
adres to corn-ah increase of 1.8 percent over last
Wheat-cleat one to 11% lower
year.
March MRY July
September
December...
Corn was down 13% to 14%.
Oats were od 14-16.
$1.30
443- -
1242-43
215 centa to lower. -
Business was done in the local undicial exchange market this mc rodng at the following ratesi→→ Blerting pole (per £1) ..... U.B. dollars (per $1) ..... 0.0278 Indonesia guilders (per 100) 3.00 Slam tlcals (per 100) Singapore (Btraits) FIC piastres (per 100)
Copra Price
27.00 1.775
14.90
'ARRIVALS
23rd Mar. 18th Apr.
18th May
SAILINGS
MIA, Apr. Mig. May Mid. Juno,
SAILINGS 27th Mar,
ARRIVALS
MIL Ayr,
Mid, May Mid, June
24th Apr,
24th May
ESKINIS BOILBIMSTETECHONESTEERIES STO/2017/
CHISES UGABENIN ARGUEOSNARGUT MOVIE GAAN; DUPAN MAP"
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from HONGKONG via TOKYO to VANCOUVER
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D.
SERVICE
Washington, Mar, 104. The Government has greatly expanded the list of items which come under its 20 percent steel cut programme, and put it into effect.
Makers of these items-an
Dealers quoted copra nominally. BAS BERVES 18. European Countries and N.. & 8. Ameria consumer durable goods ranging unchanged at $270 per ton. from automoblics pocket Cocoanut oil was quoted at 20%
to
New York, Mar. 19.
EVERY FRIDAY to Karschi, Lydda, Roma, Zurlolz, Frankfurt, Copenhagen, Oslo, Blockholm and New York.
Agents: THORESEN & CO. LTD. Tel: 81241/2/8...
Boybeans werd haiged, two knives--will be limited to using cents nominal, up from F-SCANDINAVIAN AIRLINES SYSTEM
20 percent less steel during the day's clone United Press. second quarter this year they used in the average quarter of the first half of last year,
radio
Dente lowerAmociated Prem.
·PLANTING FORECAST
Washington, Mar. 19: The Agriculture Department today estimated that UB, far
An order from the National RODO HOUSE fing current rods market was moars will plans 21,350,000 acres steady Wollen and worsted of spring wheat this year, com- Production Authority lists for " mill workers started to go back pared-ith 18,009,000 acres last the first time products affected!! 168, Ta Po Boad, Kowloon,
Tal." safe... That is 180,000 on the job, quirking the dia, pɛ| your, the
Cable Address!" "RODOROUSE": utrike for higher wages and 21,400,000-acres which Bears Jewellery other benents, The agreement tary Charles F. Brannan said and television méta, vacuum
vacuum-The only House that, offers act- reached by a leading milf on that should be reeded this year cleaners, lawas mowers, camare, lens and comfortable co
brend ashtrays, private naromlines,dation at moderate-charZUBAREKAN whore moonla to become the pattern for the grain
cost"10/per day. furn
convenient Industry.
Cats provided · The maize acreage was esti- caskets, porch and lawn Demand for rayon, goods was mated
tur, zilicuire
¿travel, 29.694,000) 4cres--the stoves and other cooking | treat talephone
Register now, 30 évoid dissppeini- slow, with prices heavy, 1,324,000 deres more than plant-
mept: houting
Hot appilan.com, Associated Premi
ed last your but it was 4,300,000
Aromas, laundry ember logan "A little acres short of the Government's water heaters,
sprot, a lot gained," home and farm 1166- equipment, 90,000,000 goal-United Press.
| tho now wage-part is expected to the tooth, or garbage disposat - tiffa; burini
Washington, Mar. 10. National Production Authority officials said today they had not received a Philippine request for allocation of 1,000 tons of news- print monthly, but hey empha- Anglo-Egyptian aised US, authorities could, de Hittle.
Agreement
One öffelaf, who 'declined: to be quoted by name, pointed out that only one-eirth of thờNOW- print used in the United Blaten
poodwood in this country and to under jurisdiction of the NPA,
London, Mar.
TIN PRICES DECLINE
Singapore, Mar.
The House of Commons wil →Frico óf Malayantin,
the State Department to bandila: releas
"debate" the "Anglon for the drug time: financial agreement, toda
ing in with me thog Mother with Canada through diplomatie the starting pets
of the Catbolla
Fords
channels
Thi
zero, musical instruments, and many office housdubla liais
Associated Press,
N
Car Production:
Re
High clam cuisine
-Y, IL Chan,
Manager.
LOW PRICES
Calculators, Typew
Carbons & Ribbo
The World
Of 631 **experienced
B.O.A.C. pilots,
over 130 have logged over a million miles,
HAPE 18
seventeen have more than doubled
flown
that, and one has fo
more than three million miles -equal to 120 times around the world.
FLY BOAL