Page
MESSAGERIES
M
ARRIVALS
"LA MARSEILLAISE" from Japan
SAILINGS
MARITIMES
M
PASSENGER/FREIGHT SERVICE
"LA MARSEILLAISE” {"LA、 MARSEILLAISE”
"FELIX ROUSSEL"
"CDT DORISE" *SAINT VALERY"
"BRIANCON"
18th May
to Japan vla Manila 6th May to Marseilles via Manila 19th May to Marselles
23rd Juno
FREIGHT SERVICE
.N. Attien & Europe 6th May .N. Africa & Europe 23rd May ..N. ATrica' & Europe 23rd June for
PORT SAID, TUNIS, MAUSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK,
ANTWERP & ROTTERDAM.
CIE DES MESsageries MARITIMES
Queen's Building
Tel. 26651 (Three Lines)
STATES STEAMSHIP CO.
S.S. "COLORADO"
LOADING ABOUT 10th JUNE
FOR
VANCOUVER, SEATTLE & PORTLAND DIRECT
DODWELL
Agents
CO., LTD.
Tel: 28021/6.
Tighter Controls On Metal
Supplies
Expected In US
New York, May 6.
Consumers of major metals, harried for months by shortages, learned this week that tighter Government controls on supplies can probably be expected even before the new, controlled materials plans becomes effective.
The CMP, under which, steel,
and copper aluminium will be rationed for armament and vital defence-supporting uses, is supposed
become effective in July.
►
ا أن
However. the
Quicksilver, first list essential products which will be Bash, New York.
unit
to
$215 $217 a
Henderson, North
considered for metal allocations, Tungsten ore, domestic, $85 a and the first two regulations ton laying the groundwork for the Carolina. Western sheelite, rationing system. were
05 fob mine.-Associated Press. only this week.
issued
In view of the tramous amount of paper work star to be done, the form Biling and evaluating, and the controversies likely to develop as Government planters try to apportion scarce netals through the mobilisation gramane trade authorities it will be late Summer or early Aut
Autumn before the CMP is really operating.
Allowances for much defence- supporting industries as oil-well equipment nukers and rail car building are expected to be trimmed at least temporarily. Anth some authorities believe -sumers who have
escaped metals restrictions to date-such
Unique
Request On
Borrowing
Washington, May 7. 1.3. Mobilisation Director Charles E. Wilson took the un- precedented step last night of calling on States, cltles and counties to get "clearances" be-
as certain machine-tool makers fore undertaking any borrowing and truck manufacturers-will be brought under limitation in excess of US$1,000,000,
on May 8.
them,
THE CHINA MAIL, MONDAY, MAY 7, 1951.
Price Rise In New
Britain
London, May 6,
"The Economist's" Index of wholesale prices rose - to 228,1-for-the-fortnight- ending May 1, compared with 220.9 in mid-April.
The rise has been 20 per con alco just before the Kətan war when it was 180,5, and 23 per cent since May 2, 1950, when it was 185,-United Press.
CONTROLS
HARMING SINGAPORE
New Trade Pattern Being Established (Our Own Correspondent),
London, May 5. The controls over exports of rubber to China are do- ing more harm to Singa- pore's position EAS the world's
principal market than they are to China it- self,
This conclusion is arrived at
New Scheme Proposed
For Colonial
Development
MITIGATING AGAINST
RISK OF FAILURE
(FROM OUR OWN CORRESPONDENT)
London, May 6.
Grain Prices In Chicago
Chicago, May 5,
Prices in the grain futures
market here
closed today as
follows:-
Wheat-price per bustel
Spot
2.45
May
2.43
July
Septeinber
December
2.401545 2.40 2.513-
Слеп
Spot
May
1.327% 3.704%
July
September December
Rye
December
Osts May
Lord Reith has brought more credit to the september Colonial Development Corporation by admitting its past mistakes than any of the Corporation's little-publicised success.
His candid report has taken the wind out of the sails of the Corporation's critics and has done much to turn attention away from its two out- standing
abortive groundnuts failures-the. scheme and the Gambia egg fiasco,
Where the Corporation seems to have fallen down most heavily in the past is in its relations with local interests in Colonial territories where it has initiated development schemes.
case
leap forward and Anished nearly four points higher on the week and over
September December
1.811-1.02
1.704- 13}}}
1.0022-3.01 1,03%
BU 0615
New York four-per 300 lb. salt.
$15.15-United Prem
NOTICE TO CONSIGNEES
CIE DEB BESSAGERIEB
MARITIMES
Consignees per Company's MV. "LA MARSEILLAISE"
are heroby notified. Utat their cargo Įs being discharged iniy the Hong- kong & Kowloon Wharf & Godown C's guns, where it wil be as Consignees risk and subiect to the What's terms and conditions of
delivery ma soun by the goods
storage, and where
be obtained as
are landed.
There is undoubtedly af another
for much closer co- by The Times correspondent In operation between the Cor-14 points above its pre-Budget Singapore, who says there is no poration and the Colonial | level. resson to suppose that controls authorities and it is now any other factors are being will prevent adequate supplies being proposed that the taken into consideration at all from reaching Chinese ports.
they are quickly engulfed in the Corporation should
overriding certainty (in Last year Indonesian exports broken up into separate investors' minds) of Inflation 10 am, on Thursday, 10th May,
and the still more pressing in- to Singapore were three
corporations, and imes development
of company as lange as Malbya's exports to
centives each dealing with a particu- which continue to show bumper
reportsTo comply China during the nine months lar Colony group of profits and bigger dividend Omrer in attendance when dam- ended in March this year.
Colonies.
It is pointed out, the corres- pondent says, that the export control will therefore eliminate Singapore a market by
but wond affect China's supplies.
A new
or
be
By this means there would be far more speedy exchange of views between local interests, bolh
governmental and com- mercial, with the result that development schemes would go ahead faster and with less risk of failure.
hand-outs.
are
Damaged packages are to be lett in the Gotowns for examination by Consignees and the Company's mir. vayon, Mesurs Goddard & Douxtas
3952
with
the General Warehouse RegulationA Consignee must have a Revenue aged statiable goods are examined. No claims will be admitted after
the roade rave left is stemmer's on all pooda remain undelivered after th May, 18.11. will be subject to rent.
High-grade industrial shares- the "blue chips"-are in greatest demand and people who have them are not selling, with the result that prices are rising und smail proft-taking sales easily absorbed.
Investors are searching every section of the market for shares Moreover, by this incans, Colonial Governments could in companies whose dividends make a more direct contribuare well covered by profits,
Textiles were in demand this Hongkong. 5th May, 1951.
tion towards the Anance of the various
All walins against the steamer must be presented to the Under signed on or before 10th May, 1931, or they will not be recognised.
No Fhe Insurance wilt be effected.
CIE DE MESSAGERIES
MARITIMES
One com-
Heaton | NOTICE TO CONSIGNEES
It is feared in Singapore that trade pattern will thus be established to the detriment
of the Colony's future trade,
development schemes. week and went ahead on good The correspondent raises the question of possible retaliation
The Corporation never was in-profit statements.
and place of pany-Crosses tended which may by China
lead to
to take the food supplies for Hongkong and
ordinary commercial enterprise; doubled its profits.
Brewery shares entered the Its chief function is to find the Malaya being cut off. "The effee,
the picture ay # result of the of most of such
resources, or a retaliatory measure
mes decision to gut a penny on the develop schemels, resources, do would be keenly felt in the two
that private commercial enterprice of bece, but rains in news- Colonies; would certainly be more than the effect of the rub-prise would not normally con- paper shares on the increase in ber export control on China."
template. This principle could price of papers were not fully be continued and strengthened
Reports that the Malayan If the work of the Corporation
Government is to freeze part of was decentralised.
HONGKONG
SHARE MARKET
There was a fair amount of business on the Hongkong Stock Exchange this morning, trans- actions totalling $344,586.50. Noon prices and the morning's
transactions were:
SHARES BUYERS SELLERS SALES BANKS
HK Bank East Asla
Unlun XD
1350 10% 710
100 1370
130 720
SHIPPING
Asio Nav.
Dic
DOCKS, ETC.
*
KC. Whort N. Pt. Whart Wheelock... mali
LAND, ETC.
Hotel .. 2. Landet S'hai Lan. 1.10
UTILITIES
3.70
39 XA
to pay for
Tram ...
11
C. Light (0)
6.20
C. Light (N)
orders.
He also asked that soldiers' On the controls front this
bonus payments, war memorials. week, a base ceiling! price of
recreational and other "postpon- 40% cents a pound was astab-
ished for nickel scrap, effectiveable" projects be put off for the duration of the defence emer- Some dealers had geney at least where
fundis been quoting as much as $2 a must be borrowed pound under the general price freeze. Brass mill nickel scrap and nickel steel scrap are not There was a broad lint, too, coveret in this regulation. that many road, school, water Prices of all major non-ferrous system, drainage, and sewage WETE unchanged this construction on projects-in fact all public works not urgently needed for health, safely cr de- fenco-should be given the same treatment,
metals week.
baking his
COPPER IN DEMAND
Demand for copper in the foreign market is large, Lead
Director Wilson, producers reported long waiting request on the need to halt in- lists of consumers, both domes-flationary spending and to save Uc and foreign. There was no defence-needed materials ind change in the heavy, demant manpower, put his appent into for zinc.
Jetters to governors, mayors non-ferrous metals and county officials, declaring:
"To avoid a runaway rise in Copper, 24.50 cents, Connecti. cut Valley, Foreign nominal prices, it is vital that all prac
Henble-steps-be inken to reduce demand (non-defence)
Major
prices:
24.50, New York.
other
Lead, 17 cents, New York, for goods and Inbour at this 10.80 cents, St. Louis. Foreign time. 20-22 cents nominal, Gute of Mexico porta.
Zinc, 17.50 cents, East St. Louis, 18.25 cents, New York, Foreign 10 centa nominal, Gulf of Moxico ports.
Aluminium, 10 cents, ingots, shipping point. Pigs 10.
Antimony, 45.30 conts, Cased, Now York,
C. Light (11.) 6.75 0.03 Electric
INDUSTRIALS
Cemena Tope
STORES, ETC.
Dairy Watson COITONS
Ewo
Коп
ર
An obvious question is: where are Colonial governments to find the money to invest in these development schemes?
They should not have to look very far. Colonial raw matorial price: have been booming and this has already been reflected in extra eventle, some of which has gone towards financing Colonial Development Corporation enter- prison in the terrilorles cerned.
100
con-
hold.
the revenue from sales of rubber and tin caused a depression in this section of the market,
Mines and oils anished firm.
"Blue
Chip" Shares Up
Landon, May 5- The most discriminating boom in the long history of the Stock "blue chip' industrial shares Exchange the current boom in
18
CIE DES MESSAGERIES
MARITIMES Consigneex. per Company
.. LES GLIERES"
are hereby noted that their cargo is being discharged into the long- kong & Kowloon Whart & Godown Co's godowns, where it will be ai Consignees risk and subject to the Whart's terms and conditions of storage, and where delivery may be obtained as soon as the foods are landed.
4
Damaged packages, are to be left in the Godowns for examination by Consignees and the Company's sur- veyors, Mesars Goddard & Douglas at 10 am on Tuesday, 8th May, 1931.
Το comply
the with
General Bonded Warehouse Regulations Consignees must have a Revenue Omeer in attendance
when dam *aged ̄dutlable "goods "are" examined.""
No claims will be admitted after the goods have left the steamer's will be subject to rent. undelivered after 9th May,
Kodowns, and · ali goods remaining
19
the All claims against
steamer must be presented to the under- gned on or before 20th May, 1051. or they will not be recognised.
No Fire Insurance will be effected.
CIE DES MESSAGERIES
MARITIMES of leading Hongkong, ard May, 1931.
MORE COULD be bone But more could be done. The increase in raw material prices has not been without its head- aches for producers. Their main surged on again this week. It best with
a boom in the very long-term concern. is
managed by men of prospects, and at the moment shares, these don't seem
good. property for men of property Abnormal market
ons with one eye on the Income Tax conditions rather than actual shortages have Authorities boen the chief factor in rising.
The Financial Times index of
average prices experience shows the prices, and that booms are usually followed industrials closed this week al 186.0, the highest since June 20, by.slump.
1947, and up 3.9 points from the previous week. The marke! values covered by this section have risen just 10 per cent since Budget Day.
This week the Institute of Chartered Accountants paper This suggests a way in which Guardians of Property Values the Colonial
authorities could discloset casually that they had kill two birds with one stono become so convinceXÍ of the or, to put it more appropriately, "erosive effect" of modern values
an cause
A sudden outbreak of peace "would
overnight collapse in commodity prices and Colonial producers would then face
of depression a period which might well spell run for some of them.
ent their cake and still have chronic inflation upon
it.
10%
173
If a proportion of the profits that they had taken one half of earned by producers were held their funds previously invested buck, part of the funds thus in gt-edged "trustee funds," and Invested I in the best raised could be inverted in
Outside the development. 12 1914 1000 12.17 by the Corporation
schemes initiated ordinary! chores,
in their charmed cirete speculation has particular region the investment
been negligible. The Interest would ensure a fixed annual in- came for producers and at the same time a fund would exist
which they could be com- same amount on a little selling. pensated
If and when raw Coppers have been firm, Rub- drifted material prices fell below, aber phares in general certain level.
Jower Oils have been ragged, the the influence of would not only ensure under
1.00
French Bank
Statement-
from
This
on
Some gold shares have been in demand and have risen, but others of virtually equal fallen by tractions have
the
Paris, May 5. The Banks of France statement develop new commercial enter- Many of the projects which could be postponed now, ho
the week ending Aprli 20 roads as follows:- sald, later on would contribute to maintaining a high level of employment, âm n period of olarks | busines-Associated Press
a certain amount of stability in Middo East. Japanese bonds but closed the producere Income and help fluctuated endlessly
this week higher by £1 or prises in their particular Colony even £2. Other foreign bonds mostly Jower-United or group of colonies, but also were help provent inflation which is Press.
42 bulk Laredo, 50 TIMBER EXPORTS cents Cascade, In
Manganese ore, 70.0-81.8
bulk,
Ianho.
cents a long ton unit, nomlasl
elf. India are $1.05-$1.10.
CURTAILED
Singapore, May U
from
Ferro-manganese, $185 A Restrictions on timber exparts.
gross ton, shipping point.
by quotus, effective Nickel, 60.5 cents, electrolytle tomorrow, were announced by cathodes, Port Colborne.
the Governments of Singapore. Platinum, $90 an ounce, and Malaya today. wholesale, New York, $03 re- tall, Now York
The intensified campaign Stiver, 90.16 conte an ounce, against the terrorists had cur How. York, 785 pence Landon. tailed production in several Tin,. $1.42 a pound, New areas, the announcement said, York.
Router,
wwwww
Total gold holdings....... Total of ether currencies Bight balance abroad Advance to currency stabilisation fund...
in
dacounted France and abroad.. 451,020,034,204 Noton is ctreviation .. 1,807,670,470,700 Current accounte
chepowta
of
one of the greates mons
*
Rubber Futures
In
S'pore
101,440,878,038
50237,300 the raw materjal 173,459,609,763 One of the chief 140,000,000,000 of this scheme would be that the
Jocal authorities would be
in' cautious
sintresting posible schemes for development
Singapore, May 5. 207,869,281,818 because the fur
Prices in the rubber futures fler smanos, or at le
of them, would
market here closed today as be coming from local sources follows which could be counted on to Number 1 rubber, per lb...
brake if over the apply the
May Junio Jury May Number May
United Prem,
Exchange Rates authorities were tempted to go
Business ›wag' Zone -- in the local Lunotticinā ĮSKCHAINED • market, thin- morning as the following vates:
terug nota (per 2)
Indonesia gaf Blore" (per 100)
klares these ·(Den 100)- Bigporn (Dira(la)
FIO plastres (pm 1003
Lunners Number
STOCK EXCHANGE NA The investors appellte for in Number dustrial equities shows no sign (1,07
Set of being nonged. The 1 por rubber unhaled
Black crepe Financial Timer Index of in-wo. 1 prep dustrial ~ ordinary, siares y took | 20.
R. I. L.
ROYAL INTEROCEAN.
SINGAPORE JAVA
PORT and MACASSAR "TASMAN" "TJIWANGI”
"VAN HEUTSZ"
**TJITJALENGKA"
ARRIVALS
In Port ..13th May 22nd May
31st May
not calling at Singapore.
MANILA, EAST & SOUTH AFRICA and
SOUTH AMERICA "TEGELBERO" "TJIDIENTENG" "RUYS"
"TJIKAMPER"
• JAPAN **TEGELBERG "TABMIAN" *TNIKAMPEK”
"VAN HEUT:Z” "TJIMENTENG" "RUYS"
+ via Manila,
ARRIVALS
. 11th May
LINES
SAILINGS Early June
17th May*
5th June
.15th May .17th May
ARRIVALS
SAILINGS
17th May Late June Early July
SAILINGS
19th Mayt 23rd May
.15th May .Early June
10th May
Late Jung
Early July
31st Mayt
Mid June
Agents: HOLLAND EAST ASIA LINE
EUROPE via MANILA and MALAYA "LANGLEESCOT” "ARENDSKERK"
Not calling at Manija
to
Through B/L issued Mediterranean and Northern European Ports.
JAPAN "LANGLEESCOT" "ARENDSKERK"
† via Manila,
ARRIVALS
17th May
ARRIVALS ........... 18th May ..Mld June
SAILINGS 20th May* "Mid June
SAILINGS
22nd Mayt
KINGSEBUILDING TEERIMROSESI 2001 JEZDEJM
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, VÍA SAN FRANCISCO, LOS ANGELES AND FANAMA.
NEXT SAILINGS
M.S. "LEXA MAERSK” M.S. "SALLY MAERSK"
M.S. "CORONA"
May 15 May 81
June 14
ARRIVALS FROM U.S.A.
M.S. "CORONA”
May 19
June 3
“GRETE MAERSK”
June 23
MS. "ANNA MAERSK' M.S.
For Freights and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel. Nos, 26661-3.
FLIGHTS TWICE WEEKLY!
TOAS
LA NORTH & SOUTH
SINGAPORE BANGKOK★HONGKONG★TAIPEH⭑TOKYO
CALL 58855 PENINSULA HOTEL KOWLOON
Pacific Far East Line Inc.
Fast Regular Trans-Pacific Sorvico
OVERLAND
NEW YORK-CHICAGO DETRÓIT-TŐRONTO MONTREAL AND ALL AMERICAN & CANADIAN CITIRS
DmECT
BAN FRANCISCO, LOS ANGELEJ
Wor
San Francisco & Los Angeles
via Kobe, Nagoya da Yokohama Singapore, Djakatte, Bombay
Vessel
Fioni
Arrivar
Salin
SJA E LUCKENDA CIT” 101 +181 17016-17016
"EDGAR LUCKENDACH” 220 -197
"MATHEW LUCKENBACI" 17034-13214 | "OKORGE LUCKEŃDACH"
Stratta
Ban Francisco
Ban, Francisco San Francisco
May 1 May 10.
June 4
May T
May 19
de Karnohi
Jun. &
San Francisco & Los Angeles
· LUNGËN ZU BEA
· Fw full, parik
Jun, 13 Jun. 14 Singapore) Djakarta, Dombay
Karachi
United States Lino Co., Gateral Agents, Quoen's Muilding, Tas t8199,