Page
R. I. L.
ROYAL
INTEROCEAN
Data
In Port
In Port
8th July
uth July
18th July
22h0 Juho
2514 June
July
9th July 1th July
Ship
"RUYA"
THWANGI"
ARRIVALS
"TJITJALENGKA"
VAN.REUTSZ"
"RUTS"
L
+
TJIWANGI"
"RUYS"
From
LINES
8. America, S. Africa, Bingapore à
Raigon
MACABAT, Java Ports & Bingapore Blackier, Jaya Parte & Singapore Belawan Bell, Penang & 'Singapore Japan
SAILINGS
*JITJALENGKA"
To
Singapore, Jan Foris & Macassar Japan
Hingapote, Java Ports
"VAN HEUTKZ" "BUY"
Карап
Manila, Singapore, A. Africa
8. America
Agents: HOLLAND EAST ASIA LINE
ARRIVALS
Date
Ship
In Port JAM July End July Mid Avgust
"KIELDRECHT" "KIELDRECHT" AAGTEKERRA "AAGTEKERK"
From
Europe & Aingapore. Japan.
Europe & Singapore Japan
SAILINGS
To
"KIELDRECHT" "KIELDRECHT" "AACTERELE"
21st Juna
11th July
End July
Mid August. "AAGTEKERK"
Japan via Manila. Manila, Bingapore & Europe. Japan via Manila
Manila, Kingapore & Europe
EKINGSBUHANCETITEPRONISISMO (58102280172
Emigrants Are Still
Needed By
Canada
London.
Over 40 years ago, the late Lt.-Col. J. Obed Smith, when he was Commissioner for Immigra- tion for Canada, in London, launched his "160 acres of land free" slogan in order to help populate the prairie provinces of Manitoba, Saskatchewan and Alberta.
As a result, he set in motion a migration move- ment from Europe into Canada, running to over 250,- continued briskly until 000 people annually, which the outbreak of the First World War.
The immigrants into Canada, at that time, paid their own way or were privately fanced. This pro-1914 migration help
10
maintain ed Canadu economic balance so necessary the industrial between to her
and the agri- Eastern provinces and
Western culturpi
provinces industrial development of The Canada, present and potential,
thousands of
immi
demands
10W are
Nylons To Cost Less
THE CHINA MAIL, THURSDAY, JUNE 21, 1951.
New York, June 20. Julius Kayser and Com- pany has cut the whole- nale and suggested retail prices on its full line of women's nylon hostery for next Autumn.
The wholesale reductions ranged from 75 cents a dozen to 32 a dozen, effec- tive on June 18.
Buggested retail prices on Kayser hosiery, effec- tives on July 18. will be dropped by amounis vary- ing from 10 cenia to 30 cents per pair-Associated
Press
TUMBLING
MARKET
IN GRAINS
maritim
THE RISK OF FOREIGN INVESTMENT SHOWN BY PERSIAN OIL CRISIS
London.
Dangers inherent in the policy of the development by private on- terprise of the industrial resources of under-developed nations are well demonstrated today by the situation which has arisen in Persia over the oil industry.
The nearest approach to the Persian nationalisation policy can be found in the situation which developed in Russia in 1917, when, after the revolution State by the foreign oil interests in Baku, Grosny, Maikop were taken over without compensation to the former owners.
To this act of apoliation United Kingdom, the United was added the marketing in States and from Japan, but there is on increasing awareness this country of Russian Oil in them of the need for develop Products nt cut rates. ment of the trade with India.
adverso
of the Mexico was another country The
effect Korean war on supplies has to realise the advantages of Kore
added to the feeling that if a the seizure of the country's
trade with India could be
larger
oil interests, developed by developed, would be mutually
foreign capital, time and
HONGKONG
SHARE MARKET
Business done
this
advantageous to greater
Internal econom and stability "Apart from fute gooda (From Our Correspondent)
are a textiles, there atton
on the Stock which have been developed in Exchange
morning was number of secondary Industries India in recent years. For these valued at $231,710. Noon prices the morning's transac- goods it is necessary to and ex- and * port markets."
tions! SHARES OUTERS SELIZOS SALES
365 (1048) 9311⁄2 14000 14 GOVT. LOANS BAINIS
HK Bank 1605 2010 60 1410 20 3 1410 Part Aala INSURANCES Union XD
effort. Chicago, June 20,
Then there was Burma, who Chicago grain futurca tumbled to the lowest levels since last added river transportation, built year on the continued favourable up by British capital, as if to weather outlook and the unpoint the way to the backward vertainties in connection with or under-developed countries to Immediate and Independent the maritime strike.
Here It might be recalled that However, due to export buying affluence. This danger of con- for August shipment from the Ascation of Industrial invest-
appointed a committee to in- Gulf ports, wheat closed to ments is one which is likely to the Government of India have
grow rather
thon to
cease unfess
unfess vestigate India's national Income grown-up mer
nations set an the
and its distribution, and, in order of commercial probity to obtain the statistical material example of within their own borders, in the
for this purpose, certain
chem case at present under review,
lew,pers of commerce, Bombay, for Persia, insult is
added to injury instance, have received from the in that the British oll concern Regional Research Officer, of Industry and Supply.
13% higher.
Prices of grain futures closed as follows:-
Spo!
July
Wheat price per bushel
Бров
July
2.371/ 2.3041-4
September
2.4014
December
March (1952)
2.441 246-
May
2.4014
Corn
1.7021
1.607-
Keptember
1.082-%
December
1024
March (1952)
1.63%
Нус
July
September
Олім July
1.80
77-7012
United Prem.
September
13
apparently compelled to Ponnaire calling for in-
pare its own funeral obsequies,
Consideration of the Argen- formation in connection with a tina position as outlined by Pre- survey of manufacturing
сол
sident Peron in his annual pre- | ditionin the highly industria) |
1.04-1.00%terest.
American
Raw Silk Exports Up
tionally
Tokyo, June 20.
ย
and
PRESIDENTIAL SURVEY Among the points he made
are:
sidential message to Congress of Buenos Aires Is not without in-countries of Europe and America, india can find an export market only for its raw materials; for it secondary industries, India must look for markets only in the countries in the Middle East and not yet S.E. Asia which are sufficiently industrialised,
MIDDLE EAST "In the Middle East the coun- ! tries, important though they are. are comparatively thinly poor, and have one populated, poor, too high a standard of living.
million people,
DOCKS, ETC.
K. Wharf
N. P. What
KD Dock
LAND, ETC,
Page
MESSAGERIES MARITIMES
MOM
"FELIX ROUSSEL" "EPINAL"
ARRIVALS
from Marseilles from Europa
SAILINGS
PASSENGER/FREIGHT SERVICE
"FELIX NOUBSEL”“ "LA MARSEILLAISE” "LA MARSEILLAISE”
"AURAY" "GRENOBLE” "QUISTREHAM"
"MEKONG"
to Marseilles
10 Japan
to Marseilles
FREIGHTT SERVICE
23rd June 6th July
24th June 11th Aug. 22nd Aug.
«N. Airies & Europe 18th July N. Africa & Europe 31st July N, Africa & Europe 12th Aug ..N. Africa & Europe 4th Sept. for
PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CABABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM,
CIE DES MESSAGERIES MARITIMES A LIMITED INCORPORATED IN FRANCE Queen's Building
Tel. 26651 (Three Lines)
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO;
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, VÍS
SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S. "CORONA"'
M.5. "ANNA MAERSK"
103
200
7235
30 710
74 200 @ 13
******* 4.30
400 @ 12.20
Provides
S'hal Dock. Wheelock ..2116
2014
285
Hi Land XD DI
S'hat Land. 1.15 UTILITIES
44031%
700 310
Tram
11 DQ
0 300 5.85 5.90
M.S. "LEISE MAERSK”
3.00
5.00
231 21 500 # 23
024
M.S. "GRETE MAERSK”
M.S. "OLGA MAERSK"
GOO
5500 10
M.S. "LAURA MAERSK"
10 20 1224
13 1245
10
300 @ 101%
a. Light (0)
מא
C._Light{N}
XD
C. Light (B)
XD. Electric Telephone
XD
INDUSTRIALS
Cement Hope STORES, ETC.
Dairy
Watan
corr
Crawford 2031 2015.
Ewa..
230
Rally On London Exchange
(a) Not only was the country (Argentina)
the richer, but riches were better 'distributed, and were in Argentine instead of foreign hands. The curve of industrial production, which for a decade had
and been falling, WOR rising once more. Internal con- sumption of agricultural and The countries of S.E. Asia, on pastoral production had in- creased, industrial output hnd the other hand, whether a n growa, and Argentina's foreign result of the impact of Westem
or duo
to their civilisation markets had become more diver-
heing entlawed with rich cilled.
natural
resources, have a com- When shipments of natur
paratively high standard of To these
added
living They have also close Raw silk exports maintained Argentine meat to the United Part
suspended in cultural affinity with India, In rearmament programmes, whitt
a rising curve in May, tradi- Kingdom were
of Kensonn! July, 100, many people expect point of population. they perlod Hing down legitimate trade at
gilk ed that prices would
collapse. Japanese home and abroad, and creating decline,
This did not happen, because the are important; they comprise 110 1raders that unproductive production, world-
optimistically predicted wide
thanks to Indation.
Argentine people, There then
that the monthly export level
(e) "Permanent showrooms follow rising
home, costs at
would stay just under the 5,000 higher wages, consumed a great every where
the throughout
of the potential surplus of may be opened (in S.E. Asia) by bales mark until the end of the part of th the rest went from commercial representatives for
ment, world, and in addition to the
усат.
After a poor
start early in Argentine ports in Argentine the purpose of displaying Indian cost of exports and imports of
the year,
raw silk shipments ships to all parts of the world, manufactured articles. As most
London, June 20. all nations.
bales in May, whereas formerly to 4,503
Argentine of the products of Indian Indus- rose
The Stock Exchange put on 1,224 bales above the total for meat went in foreign ships to tries are unknown in the foreign
markets, it requires special a smail rally to close with gaine April, according to a release England only,
efforts to bring them to the and losses (c) Argentina-hud-an econo notice of the foreign consumers early weakness today. by the Agriculture and Forestry
Bilk my of abundance the index In Ministry addition, the
that con- ngure of retail sales rose from and buyers, and this is difficult chip off and industrial shares companies reported tracts for futures deliveries 1100 in 1943 to 200 in, 1040 and without their being displayed la finished with net gains. Min
ing Issues were mixed and 1,300 to 830 in 1950. The cost of the showrooms,
British 1,202 to 1,
Go- were averaging
sleps (d)
mainly lower. possible bales every week. As a result, Ilving was 113 per cent higher
to develop vernment bonds ented on the silk exporters believed that raw in 1950 than in 1948, but wages should be taken
Indian shipping and to provide minus alle, with losses ranging silk exports would ramain had risen by 172.8 per cent.
balance stable
at about 5,000 bater
of later direct and frequent sallings to to 5/10 points (d) The
which had Far Eastern countries for the monthly at least until Novem- national payments,
for the third pressure to Argen- been unfavourable
purpose of faciliating exports milde honds were under ber.
and imports
these consecutive day. The 10078 partly due to to silk tina since 1047, The inactivity in the
of utilics, countries."
closed at 614, down 4, the market earlier this year forced the nationalisation
1910s at 474, down, and 28 silk reeling mills-nine per showed a net surplus on 1951
the 1930s at 78%, down .
Times' dally nation's total-out of over 700 million pesos. This
The Financial cent of the
more remarkable was all the of business. The production of
138.3,-Associated
grants of whatever nationality,
in which connection.
F.
Canadian ciation looks
Mr_William
Holding. president
of the Manufacturers' Asso-
a growth of population in Canada of 750,000
for 50 years
the Br year Dominion is to full her destiny as a free and independent na- tion, economically and strategi- cally. On this point, Mr Höl- ding said recently:
to
50
Another Decline In
NY Cotton
"AU
from
raw silk dropped seven per cent collect a single round sterling New York Sugar
Press.
Great meat to
of shipments.
Four years ago the stoppage of mer
meat
Great shipments to Britain would have led to un- and depression,
HIGH LIVING STANDARD
New York, June 20, "Only a pessimist or a defentist
Prices of cotton futures see- would question Canada's ability.
provide, in only a few decades, sawed over a moderate limit with in old arop July evening-up a high standard of living for of delivery, the chief trading feature, millions or more. In the light of the tremendous growth of the Spot house selling in the spoi
market
I purchases of later against
in May from the previous for sales of on of the U.S.A. from
deliveries was accompanied by in month to 11,008 bales.-United Britain owing to the suspenston in 1810 to 150,000,000 (ainee stated to be over 163,000,- and out operations among local
professional talent. done 600) in 1950, Canada has
The House Banking Committee very ineffectual job at immigr
rejected the Administration FC- dion. If Canada is to achlove her
quest for power to control com- great destiny under our guidance modity speculation. This, along
accelerate we must greatly used with the concern over the inter- plans for making new If we don't we will continue to
undevelop suffer the waste of an ed economy, the high cost of big government for a small popula- tion, and the hazards of a country dependent on foreign trade for a living and foreign government for protection.
our
domestic market With a
raw
national political situation, may more have acted to restrain Aggressive selling, despite the favourable tenor of the
continued
crop news.
The Impression gained ground
abrond materials having them back in fabricated October form."
44.05-44.00 37.23 37.00-37,01 37.04
Wall Street employment
Irregularity
New York, June 20. Industrial shares suffered
Futures
New York, June 20. World sugar futures closed 28 to 50 points higher, with sales totalling 272 contmets.
Contract No. 0 closed four to
whereas, in 1950, the count even points higher, with sales |
went
on working as
nothing had happened. This totalling 120 contracts.
was
Mies in order
Spot
May
Contract No. 4 (world)
September
Spot
8.00 nomi 0.02-0.14 traded 7.07 nominal 0.13 bid
0.12 nominal 0.14
€.16
700
Contract No.
G.27 traded
020
very different from the colonial times of the Rundman- July Roca Treaty (of 1933) and was Beptember
March the hecause Argentina had, benuary (1963)
achieved tween 1946 and 1050,
May that plantings this year will sharpest setback over two weeks. economic independence and had ly range above the Government's Against the background of jitters replaced her trade with Britain September goal for 28,535,000 acres.
about the Iranian oil situation by seeking now markets, of
The
BETTER EXAMPLES July opened five points and rumours of peace moves la market are Low comparable size thero
lower to two points higher. Old Korea, the list moved irregularly
India
and Pakistan perhaps September
Jamiary (1962) which Ave
then met products
import crop July delivery dipped to most of the day,
better met furnis!t
of March examples ations can be that could not be manufac- 44.80, then closed only three moderate selling in the dinal hour, what backward nationa
turned assisted tured more cheaply here thon points lower. The other positions Nearly all major groups
achieve. After July 10 could, at the out-backed and filled listlessly to downward.
independence The volume. W soeuring political elsewhere. Wes set, eliminate the transportation close off six to nine points. 1,120,000 shares. Of 1,087 Lesues
have set out to exploit charges involved in sending our spot
40.06 nominal traded. 662 declined, 267 ad their raw materials and their
traded, and July
vanced and 258 were unchanged.
to reach Olls were mostly lower, steels
effort is praise- That
they may need
not
the pro- ceased articles
OBED
relied upon from Britam. Other coun tries may follow their example: the movement is all to the good Lor the immediate future in that a modest Inc
Increase In the purchasing power of the inhabi- tanis is always a spur to world Irade.
When, however, Indus- trialization within their fron
reaches the stage of in- dependence from imports from abroad, then the situation the more distant future cannot be viewed through roseate hue.
Indio,
6.28 nominal
5,70 traded
5. nominal
1.74
5.41
4.25
-Unted Press.
cased, chemicals were mixed, worthy, but In years to come Britain To Buy
380 nominal moters declined, and rails lost they
December
March (1932) May July
30.57 October
34.82 34.80 December
United Pravi, NEW ORLEANS MARKET
Closing rate June 20,
"
*
ground.
Dow Jones averages at the end of the session stood as follows:
30 industrials
251-80
20 ralls
15 utilities
44.01
40 bonds,
44,00
United Press.
37.11
Unlied Pross
POST-WAR PROGRESS Compared with present-day volume of foreign trade Canada Ot a baricwand, was 1 1938 underdeveloped country. 'In the current issue of Barclay's Bank Review figures are given in Spat dicating how the trade of the July Dominion has risen since 1938. October The figures are:--
Your
2047
1940
3940
1930
Exports Imports. (000,000 of $ omatted)
6374 877.0. 2,776,6 3.6730 073.8 1,097.0 3,902.9 2,701 3,120.4 0.1740 Excrading re-experts.
Such are some of the trends past, present and prospective in world trade as they may be
RISE IN FOOD PRICES
New York, June 20.
Wholesale food prices, in the
year since the start
Metals To
Controlled
79.12 4261
Bee
Oktawa, June 20.
today or-
The Government
they
for
More Tobacco
Myrtle Beach, June 20.
·Britain plans to buy, sub stantially more American leaf n Govern- tobacco this year, ment omelat sold.
Western Germany may also increase her Imports of Ameri- can tobacco.--Associated Press.
glasses of Jap Bonds: Decline
of the dered lead, zine and cadmium part comprising the majori
The
index
Pro
was
about even
after Blue
The Rubber
Markets
London, June 20. Prices of rubber futures closed here today as follows: Number 1 rubber,
in cents per Ib. July
July/September
October/December
January/March
SINGAPORE
4071-4736
4831-4715
43-401/
Prem.
Singapore, June 20,
Prices of rubber futures closed
here today as Zollows:-
Number 1 rubber, per 10.
June
July
August
1801-18134 14415-1631 No quotatto Number rubber, June 14016-147 Number 3 rubber, June 141-141 Number 4 rubber, June 136-137 Epot rubber, unbaled.
13inck crepe
No. 1 pale crepe
161-101 100-112 160-170 United Prem.
LONDON TIN IRREGULAR
London, June 20, The tin market was irregular. Prices closed at the end of the official morning ensaion follows:-
as
Epat n, buyers Boot up, weiters Burinem, done at ... Three-months tin, buyers Three-motlla» Lin, meilork
Settlement
970
PU D44 DGO-D43
led Xress.
Budinem dane at
New York, June 20. of that sub-Continent. In Japanese bonds, which had the upside in recent vieweit today. Increase of pure Korean war, have risen almost to be placed under allocation point of area and population, lo been on
for reduc-a a care
In point There hus sesiona un reports of favour chasing power of the backward 10 per cent, the Dun and Brad- controls and called
recently
been published the able prospects for & replasty Exchange Rates nations, even if it wore only an street wholesale food price index dion of excessive inventories.
Production Defence
of the Indian Trade peace treaty, turned fregularly per revealed. one shilling average of adult per day, would be all to The index for the weeke ended Minister, Mr C. D. Howe, an Delegation to South-East Arla lower todayAsociated Press. the good if International trade June 10 held unchanged from nounced the start of Issuing during the yetir 1950. Pertinent
at $7.07 compared purchase permits for the three quotations from
Washington, June 20% ware permitted to flow in its last week
on July 1 whereafter are:: regular" accepted chantele, In with $5.00 in the same week of metals,
ར༈
to buy (a) The South-East Asia The ECA today authorised recent years it has been ham- 1980, which was the last index users will be unable
export compiled before the start of hos metals, except in amaillots countries have hillierto been $90,000 for equipment for pan= parel by Import and bant, by lack of foreign ear-tilities on June 20, 1950-United without Government permit obtaining their supplies of focis in Indo-China and Thal-male papa
manufactured goods from the land United Pressed Prem
United Fress, rencios.
That report
Dufinem was dano a this tood
merket sh sporting at the following mater Sterlite note (per 41) vTTEN JA SE us not a pack #12 Indonesia culiques (ber 2007 tibals, (per 100)
SEC. piatras, (për. 600)
ARRIVALS FROM U.S.A.
In Port
June 20
July, 16.
June 29
July 19
Aug. 9
For Freights and Further Particulars please apply, to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel. Nos. 26661-3.
M.V. “FELIX ROUSSEL"
Will sail for
MARSEILLES
Vin
MANILA, SAIGON, SINGAPORE, COLOMBO, DJIBOUTI and PORT-SAID
on
Sunday the 24th of June 1951 at 11 p.m.
Passengers are requested to board the vessel with their cabin baggage on SUNDAY the 24th of June between 5 p.m. and 7 p.m.
·
$
Baggage Room and Hold Baggage will be regis- tered at Kowloon Godown No. 50 (No. 2 Gate Canton Road, Entrance), on FRIDAY the 22nd of June, between 2 p.m. and 4 p.m. and SATURDAY the 23rd of June, between 9 am, and NOON Imperatively.
No Baggage will be accepted for registration after this time.
CIE DES MESSAGERIES MARITIMES A LIMITED INCORPORATED IN FRANCE
Tel: 20651 (8 Lines). Queen's Bldg.
PATTISON ORIENT LINE
LIMITED
SAILING TO NEW ZEALAND
6.6. “VALLES”
LOADING HONGKONG JUNE 24 FOR AUCKLAND & WELLINGTON,
12-14 Queen's Road C.
Tel: 26346.
SOUTH CHINA MORNING POST
THE CHINA MAIL
זי
SUNDAY POST-HERALD
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