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lai May
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....... 23rd June
FREIGHT SERVICE
N. Africa & Europe 8th May ...N. Africa & Europe Bird May
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for
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M.S. "SALLY MAERSK"
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Apr. 30
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May 8
May 19
May 30
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Tel. Nos. 26661-8.
RPA
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Subject to Sufficient Inducement
S.S. UNION TRADER
LOADING HONGKONG.ON OR ABOUT 9TH MAY
12-14 Queen's Road, C. Tel. 25846. j
Chinese Agent:
Formosa
THE CHINA MAIL, FRIDAY, APRIL 27, 1951.
Experts To Outspoken Report On IL
Colonial Development
Washington, Apr. 25. U.B. exporta to Formors Jumped from $2,000,000 In January..........ta—$7,600,000–Ja – February, the Census Baresu reported today.
Last year shipments to Formoca averaged only
month. $1,900,000
While the U,8, kas siop- pejt shipments to .Com. münist China, the Bureau said receipts of goods from that sountry amounted to $5,700,000 in February. That, however, Was less than half the January Agure and the 1950 month. „ly average of $18,100,000.
-Associated Press.
Canadian
Wheat For Japan
Winnipeg, Apr. 20. Prairie whent farmers, an- noyed over the way their lust deal worked out with Britain, today turned to Japan for u new market.
Masano Mizukami. special commissioner altached to the Japanese Government food had mission, sald his country already boughi $10,000,000 worth of Canadian wheat and barley and wanted more.
Mizukomi met on Wednestiny with oMetals of the Canadian Wheat
Bourd. He
Indicated after the talks that further big orders would go to Canadian farmers who are still angry the way the Government handled the Anglo-Canadian wheat contract that expired in 1940
for
02
more
Mizukami said: "The food habits in my country are chang- ing. People are eating wheat flour and bread." He added Japan had high regard the quality of Canadian wheat,
Canadian
farmers indicated they would be only too willing to ship what they grow to the Orient, provided they received enough money for it. They com. plained
recently when the Federal Government announced It would give them $85,000,000
a final bonus
payment on the British contract which covered period in which they could selt only to the Govern- ment which acted as middle- man. Many farmers sald the final payment was not enough. Mizukami is to visit London, Paris and Hamburg to contract for other purchases before-re turning to the Orient.United Press,
Uncertain
Trend In
NY Cotton
a
New York, Apr. 26. Cotton futures lacked n de finlle trend. Activity simmered down considerably, coming to a halt at frequent tong intervals. Prices see-sawed within range of 7
points. Apart from the ovening-up operations in old crop months, business GB D whole was featureless. A lead- ing spot frm sold 20,000 boles of May outright and swapped 20,000 bales for July at differ- encas of 21 down to 19 points and some December to March at differences of 30 points. President Truman's message re- commending regulations to Burb speculative commodity
OVERSEA CHINESE STEAMSHIP CO., LTD. Trading had little influence.
48 Bonham Strand, West. Tels: 25646
S. A. C.
The
market opened un- changed to up 4 points. It closed 5 points higher to 3 points lower. Closing prices:→→
40,00
1
(our own CORRESPONDENT)
London, Apr. 26.
The annual report of the Colonial Development Corporation Issued today-the first since Lord Relth took over the Chairmanship gleams with freshness after a new broom has swept clean.
Its story is in short sentences. The terse language of the Chair- man himself is reflected on almost every page.
It is in striking contrast to last year's report) where whole paragraphs of officialese meant] almost nothing.
*This has been an unhappy experiment." So runs the open- ing 20 the tale in which a £57,000 loss has to be met by the CDC in the East African vonture of last year.
jine
Malaya's current problems are dramatised in one "A manager has been attacked by bandits severn] times,"
Again encouragement in four words:
This
scheme looks good," is fi reference to Bechuanaland's cattle ranching project,
The prophets who said this report would revent criticism of past doings of the Corpora- tion were right. Obviously no direct condemnation of Lord Tregattie's stewardship is offered but if there is recognition of difficulties of such an
unusual organisation as CDC there is also no attempt to whitewash its mistakes.
DEFECTIVE PLANS The forthright statement on the very first page reads: "To Investigate the plan, launch and manage so many schemos of might have many kinds
50
strained my organisation actual or suspected fractures will be indlented in this report."
And they are.
Is Attention drown
lo plans which have proved defective, 'owing to in- adequate local knowledge... in their drawing."
HONGKONG
SHARE MARKET
EMPIRE PLANNING URGED
London, Apr. 26.
Sir Frank Nixon, Presi. dent of the London Chamber
Business amounting to $268,- of Commerce, advocated to- 802.05 was transacted on the day moro planning for the Hongkong Stock Exchange this whole Commonwealth, "80 morning. Noon prices and rich in its various transactions:
BANKS
resour.
BHABER DUYERS BELLERS SALES CCE," and less for the United Kingdom's "precarious little island economy."
HK Bank.. 1300 1400 East Alla 101 INSURANCES
Union SHIPPING
Asia Nav
DOCKS, ETC. K. Whorf N. P. Whart Dock ...... S'hat Dock LAND, ETC.
743
20
50 730 783
B3C
30
74
8.10 600 5
3000 € 12%
5.60 3000
IR Land 391 4015
S'hai Land, 1.00 UTILITIES
Fram
C. Light (0) 0.10
C. Light (N) 3.40
HK Hotel
50
41
530
Sir Frank, an economic and financial expert, was proposing the adoption of the report and accounts at the annual meeting of the Chamber.
Raw materials, aimoat, with- out exception, were the most fickle and sensitive products of 1144030 th modern world, he said.
"What I am
am suggesting is that, to meet the economic problems of the next 25 years, we should
to 11 11.00 12 500 41.00 proceed
much closer 2000 on 020 harmonising of our affairs with 2000 0.15 those of the Commonwealth
and the sterling area.
The
........
1500 8.85
vast territories of the and Far East, and of Africa, with their hundreds of
C. Light (D) 5.75 3.89 3071445
3600 a 400 Near 1000 1200030 millions of inhabitants, are al
rendy,
and will increasingly 101 20 1700 10% be the scene of the greatest and most difficult problems of our epoch
There has not always been, Lord Reith_says, "a requisite calibre
and experience managerial staff."
There
Medie Telephone INDUSTRIALS
of
Clement Rapo STORES, ETC.
Baby.... Watson
the
is straight admission that where In the past Corporation has tried to avoid expense and delay of adequate experiments and trials "as in Gambia" the consequences
have been unfortunate
now
SAE report" he
1214 1400 124 12 1214 700
L. Crawford 23:5 COTTONS
Dwo
2.50
17
300 @ 17%
The Rubber
Markets
London, 28, Prices of rubber futures Number 1 rubber, closed here today as follows:-
in cents per lb. June ........ July/September October/December January/March
"To promote the well-being of these territories Is the greatest task of our times,"
Financially, something might be done on the lines
of the Colombo Plan, but plans in themselves would probably tie these territories to the economy of the United States, which had not in the past inspired 1111- limited confidence fn stability.
its
Even a guarantee to purchase certain quantities of materials at certain prices over the next few years would not do much do diminish these dangers, he said.
Lord Reith asks the public at home and overseas for now outlook on the alms and ob- jects of CDC. In a section call- ed the declares,
Corporation'a potential Influence in colonies is opt to be exaggerated",
"SMALL SUM" The effects deployment of £100 million will not be very obvious, he points out. In re
55-15-40 lation to the population and 40
03-14-25 Over a long period-and this investment
needed to
34-81-4 was a long period affairs-the achieve any considerable in-
52-32- true lines of development must provament
in living standards,
60-50-15 surely be to treat each territory United Press. £100 million Ls amall sun."
SINGAPORE MARKET as a responsible entity, har- The Colonial peoples
should
Singapore, Apr. 20.
the task of nessing finance to be able to understand,
approve Prices of rubber futures administration and
social and of and co-operate
ate in the Cor-
closed here today as follows:+
economic progress and to link poration's schemes and objec- Number 1 rubber,
the different parts of the Cam- lives." --Instructions have --al- per-Ib. April- -189-16-19-15-monwealth as closely as pos- ready gone
May out to CDC's over-
June
sible, so that the wisdom and seas representatives and mana-
Number 2 rubber,
experience and resources of the gers.
April
whole might be utilised to the for Machinery
consulting Number 3 rubber, Ideal opinion will be used" April
-177-15-178-most for each of the parts, Sir Number 4 rubber,
Frank sald.-Reuter. special committees will be set April up where necessary." It is co-spot rubber, vious, and we quote from the untaled report. "hop the Corpora- Black crepe
No.. 1 pale crope.. Won's own employees should be its best ambassadors."
+
187-100 105-100
102-183
172-174
101-15-182-15 145-147 200-10 -United Press. NEW YORK MARKET
New York, Apr. 20. Crudo rubber: Spot No. 1 ribbed smoked sheets 60 asked.
Weekly Bank Associated Press.
Statements
LONDON TIN MARKET
U.S. Company Earnings
New York, Apr. 20. Socony
Vacuum Oil Com- pany estimated not earnings for the quarter ended March 31 were US$37,000,000, equal to $1.10 a share. This compared with US$22,000,000 or 60 cents for the, like 1950 quarter.
Bethlehem Steal
Corporation reported for the first quarter of 1831 London, Apr. 26.
prodit equal to $2.45 a Prices of tin closed today at | share
the the end of the
three months and offelal morning 1,313,848.000 session as follows:
$2.50 a share for the correspond- ing quarter last year. Associst- ed Press.
London, Apr, 28.
The Bank of England state- ment for the week ending. April 26, roads as follows:-
Notes in circulation
Blerling
Publie Deposits
Private deposits
Government
Securities
Other securities
Receipts
19.483,000 Epot tin, buyers 304,800,000 Boot un, sellarn
Business done at 304,041.000 Three-months tin.
30,100,000 37.332,000 9.0 United Press. 'BANK OF FRANCE
Bank ratio
& 81119
October
39.93
December
39.40
Mareli (1983)
30.35
May
29.13
July
38.72 bid
October
31.70 nominal
United Pram.
NEW ORLEANS
MARKET
Closing rate
Agr.
20.
Spot
44.91
May
45.39
October
39.01
Total gold holding
20.04
►
March (1952) MAY
39.53
Total of olier
October
39.13 bid 38.07 bid
ONLY SAC OPERATES TO PENANG ·
Leaving Hongkong
Every Tuesday
Overnight stop at Bangkok
Arriving Penang
Every Wednesday-
General Agents:
SOUTH EAST ASIA TRADING CO., (SIAM)' LTD.
69 Connaught.Road, Wast.
Peninsula Hotel, Kowloon.
Booking Agents:
Tol: 24292 .. Tol: 56416
AUW PIT SENG'S TRADING CO., LTD. 10, Padder Street, Tel: 26793 CHIANG HUAT HONG
340 Queen's Road, West, Tel: 36204:
December
United Press.
Paris, Apr. 20.
The Bank of France statoment
for the week anding April 19, reads as follows:-
ར
currencies
Bight balanços
abroad Advance to currency stabillilan fund
Pranos syd abroad
COTTON TEXTILES counted in
391,446,878,039
3,480,103,230 173.205.151,817
150,000,000,000
buyer Three-months tin,
Bolle Busnes done at Battlement
1,145
1,150 1,248-1.150
1.133
2.140
1,150-1,140 3.140 -United Press.
New York Sugar Futures
New York, Apr. 28. World sugar futures closed 1,881208343,685 lower, with sales totalling 182 12,200,000 cut here today unchanged to 2 points 198.107.214,817 contracta -United Press.
Notes in circulation Current accounts & New York, Apr. 20.
deposits. The cotton textile market continued to drag along today as dealers awalled a speelfie price order for textiles which
may cient up current uncertain dies over pricing. In the print cloth division, re-sale goods tinued to dominate with prices well under first hand levels,
The wool goods market was dull,"
TM Rayon goods were quiet and without particular Feature Associated Press..
Copra Nominal
New York, Apr. 20,
→ Copra was quoted, on a nominal basis at $280 per short, ton, CIF, the Paulño Coart: Coconut ol was offered at 18 centa "a" pound;-Uniteti Press,
Exchanges In NY
Contract No. 0 closed 2 to 3 points lower, with salds totalling 235 contracts. Contract No. 4 (morid). Contract No. 4 (wyrid) MAY Jubr Beptember
Contact Not. September
New York, Apr; 26. Closing foreign exchange; Canadian
02.87% Judy Holland
· 20,20 | Switzerland'
23.17 Others unchanged.---Aricolox Press.
Bank Quotations.
New York, Apt. 30. 3. Closing bank gizotations: vang Bank of Amérien A National City
procedimpared to $3.19
·
ROYAL
INTEROCEAN. LINES
SINGAPORE JAVA PORT.and
MACAISAR "TJITJALENGKA" "TASMAN" "TJIWANGI" "YAN HEUTSE"
MANILA, EAST & SOUTH AFRICA and. SOUTH AMERICA
"TEGELBERG”
“TIMENTENG"
"TJKAMPEK” "RUXS"
JAPAN **TASMAN" *TEGELBERG”
**TŠIKAMPER"
"RUYA"
"VAN HEUTSZ"
ARRIVALS
20th Apr, 4th May 11th May 20th May
ARRIVALS
8th May .17th May .14th May
ARRIVALS
..late.May
11th May
..30th May
SAILINGS
1st May. late May 17th May
SAILINGS
13th May
Early July
SAILINGS
gih Mar
19th May
"LOLE NIRF
anh biết
Agents: HOLLAND EAST ASIA LINE.
EUROPE via MANILA
and MALAYA
"LANGLEESCOT” "AHRENDSKERK”
Not calling at Manīja Through 19/L -lasted to Mediterranean and Northern European Ports,
JAPAN "LANGLEESCOT" "ARENDSKERK"
+ via Msalis,
ARRIVALS
In Port ..18th May
SAILINGS 20th May** Mid. June
ARRIVALS 18th May
Mid, June
SAILINCS 28th Apr.t 24th Mayt
KINGUS BUILDINGSTELERIOSUSTERISELOSAME
ZONEMISISTEMAN
Latest Designs In
Radio, Electronics At London Exhibit
London, Apr. 26.
Britain, which has pioneered in some of the world's greatest discoveries in radio and electro- nics, put its latest designs in these fields on view for the first time.
The occasion was the opening of the eighth exhibition of the Radio and Electronic Component Manufacturers Federation.
Some of the newest develop-| ments in electronics and tele- communications still
are un-
publicised because of military Solid Price
security. Nevertheless the ex- hibition offered wide range of components and designa by more "than 100 facturers.
British manu- Advance On
metal-coned cathode ray of 14-inch diameter, tube, which is said to give a picture 18 big as some projection- viewing tolavision sets was ex- hibited for the first time. The The tube
Wall St.
New York, Apr. 30. stock market stopped
smartly is 17 Inches long-inches ahead
today with shorter than previous tubes of prices advancing from fractions
same diameter--and is ex to around $9 a share, pected to shorten materially the back-to-front measurement television cabinets In the future.
It shook itself free, of its recent tendency to wander list- lessly between small gains and minor loss. It never fallered Another development that of-
a moment as prices advanced tracted interest
was a now steadily throughout the session, featherweight battery of 15 volis which weighs 1⁄2 ounce and is but before the session ended, Rall stocks led the parade intended
for use in hearing tasues from all categories weru Brilish alds.
0150 engineers
climbing. volume controls, displayed transformers and A Totary Transfers totalled: 1,790,000 in diameter, sharon; 874 lasues advançou, 222
declined,
4 inch
switch which is said to have been operated under the EDVET conditions more than a million times without breakdown.
MAGNETIC PROCESSTM
A new magnetle process for
European Trade handling thin sheets of steel in
Talks Planned
Genova, Apr, 20, Professor Gunnar Myrdal, Executive Secretary of the
|
Galnery included Panhandle. Producing and Refining, Wamen Brothers, Maresibo Oil, Philipps Petroleum, Universal Labora torics, Long Island Lighting, National Supply, Sinclair Qil."
Dow Jones Averages; Stocks
20 Industrials The
༄་
03.00
267.19
82.77
42.24
--Associated Press.
factories drew a crowd of ad- miring technical experts. device magnolises - stoel sheets 15 Railroads
thom to repel each 10 Utilities causing other. The top sheets literally. "dot" in the air, and are able to handle them
United Nations Economic Com- and anally. The process is being
United King expanded in the mission for Europe, gold today
dom, company representatives he had proposed large-scale said, and one factory has in-
Bondarence
en oxchange of
principal aim would be creased its output more than per cant by using the new 300 to encouraKO Soviet sphere of, induences goods between the West and the magngile device.
sociated PresL.
Grain Prices
In Chicago
Rent Renwiak, president of In his opening address Sir
Chicago, App. 28. the federation, enkt Britain was
Prices of grain "futures closed now the world's leading export here today as follows: er of radio and electronic com-wheat price per husba
Japanese Bonds ponents Although the Incestry spot
8) noraina?” “ 8.35-0,34 traded 15.83 traded.! Japanes
MARIN
'B.dk araded
-United Prem
bands."A"
Apr. 26. (4809) 40-15%)
bonds "p" (AK, of, 1900) em bands “b” (0%/or 1934) to *** (bonds "E?* (83%* of 1930). 74
—United Press.
:
Exchange Rates Jepair bonds sealined with
is faced with shortages of: ma- | Mry" terials, he said the value of lin July
September exports 'hind multiplied twelve
December
Cern times in the last five years and SAPILI - TWOW · Tunning at the annual Spat.. rate of 20,000,000,
September December
Now York Metals My
Osta
the news of the Comentenlet ad-
New York, Apr. 30," vapees in Korea, "Th the foreign Prices in the motal market July Budinem was done in the local kolar bond markest Tokyo City
New York fkur-pe here closed today unchanged 119,20,--United Frem, unofficiat (exchange, market ZUIN morning, aka the, follow
B40 dropped two points
with the following exceptioni- |(90 Lothert
Losing a prime Werletti, Chapancad, iszun pinaria or digrations to more than e Mikaw kara, pur 15,222 1814 renta print included Japah 814# Abd Meráp (Bing) Fang perta **and Tokyo 1 Bimitele Light <nbfting}
17
Tás | 60,--Aqsociated Press,
1800 15.
--- Ahip arrival:. Castlevilla **United Preke. · Hongkong.