MESSAGERIES M
"AURAY
"GRENOBLE”
ARRIVALS from Japan
from Europe SAILINGS
THE CHINA MAIL, THURSDAY, JULY 19, 1951.
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M
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to Japan
to Marselllen
FREIGHT SERVICE
20th July
28th July
9th Apr. 22nd Aug.
N. Africa & Europe 21st July N. Africa Europe 17th Aug. N. Africa & Europe 30th Aug. - N., Afrles Europe 3rd Oct.
for
PORT SAID, TUNIS,, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANGA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM,
CIE DES MESSAGERIES MARITIMES
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SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S. "GRETE MAERSK"
M.S. "OLGA MAERSK"
M.S. "LAURA MAERSK"
M.S. "LAURA MAERSK”
M.S. "HULDA MAERSK”
M.S. TREIN MAERSK"
ARRIVALS FROM U.S.A,
Blow To Price ADVERSE BALANCE
Control Hopes
Washington, July 18,
The House of Repre. sentatives dealt a sharp blow today to the Govern-
ment's hopes of a strong pries "control bill. The 110u* neecpied two pro- porals havia the effect of banning controla unless processors and' monofae- turers could first show a "reasonable ter,
profit." Neu-
Activity In Jap Issues
London, July 18. Japanese and selected European bonds were ac- tive today on the Stock Ex- change. Gains in Japanese were as much as 4-1/2 points.
Other sections were quietly irregular. Textiles lost ground, oils were without major altera tions and minings were mixedi. Rubbers wUIT higher.
Lo
OF TRADE
Wants To Export More
To British Colonies
EXCHANGE NEEDS
London, July 18.
HONGKONG
SHARE MARKET
(From Our Correspondent)
Business done on the Block Exchango this morning was valued at $330,110. Noon prince and the moming trans- actions
Germany continues to be disturbed by her adverse balance of trade with Britain and the BANKS Colonies.
R. I. L.
ROYAL
Date
to Port 22nd July 1st Aug.
Ist Aug.
4th Aug
4th Aur.
9th Aur. Ris AE.
+
Bhip
*RUYS**
INTEROCEAN LINES
"TIIWANOP “10189EVAIN"
ARRIVALS
"YAN REUTIZ”
TIINADANE“
"TASMAN"
"THTHALENOKA" AMBOJASEVAIN"
"BOIBSEVAIN"
"THISADANE"
Гарад
From
Miexisar & Java Ports
8. America, 8. Africa, Singapote,
saigon & Manlia
Japan
8. America, B. Africa, Ringapore a
Manila
Здрав
Mincament, Java Ports & BingaDoro
Japan
SAILINGS
To
Manila, Singapore, 8. Africa
8. America
20th July
"RUYA"
A
3rd ApS.
**TJIWANGM
BUARES BUYERS SELLERA 'KALEB
1K Bank East Asia INSURANCES
Canton Union
Bih Aug
Singapore, Java Porta & Macassar Japan
Gus ARE
"VAN HEUTBZ"
.. 1475 1010
100
cth Aur
Aligapore, Penang & Belawan Deil Гарад
11 Aug.
“TASMAN”
Semarang, Tr. Priok & Delawan
Deli
745
Birt Aur.
"TJITJALENGKA" "NOIRREVAIN"
This is reflected repeatedly in a 64-page sur- vey of "The Economy of Federal Germany,” issued by "The Statist" and carrying a foreward Underwriters by Sir Ivone Kirkpatrick, the British High Com-DOCKS. ETC. missioner in Germany.
Fire
K. Whart
744 755 100
143
887
$60
15
1134
4.00 0
40 200 30 1.15
N. P. Wharf 4,00 3 Dock Provident ..10 S'hal Dock, 2.40 LAND, ETC.
Land 5) Land Humphreys UTILITIES
One of numerous articles from British and German leaders concerned with trade is con- tributed by Dr Von Maltzan, Head of the Foreign Inte Trade Department of the Federal German Ministry of Economics.
Most disquieting situation.
of all, in his view, is the
Arm and in fact that while importing ANOTHER
The Financial Time: index was 130.2 off 0.6,
Japanese bonds
"A" (41. of 10991
"3" (5 of 3010)
*C" (84. of 1007) "D" fan of 1034)
July 31
Aug. 14
Aug. 28
*** (315 Consoli
Aug. 8
Aug. 21
Sept. 4
For Freights and Further Particulars please apply to:-y
AGENTS:
JEBSEN & CO..
Pedder Building
Tel, Nos. 30066-9,
Post-War Change In Indo-Japanese Trade Pattern
Tokyo, July 18.
Post-war industrialisation in India has com- pletely changed the pattern of its commerce with Japan.
more
of 1934)
'dally
last year a total of 1,608
million dollars' worth of
goods from OEEC countries SLUMP IN
(including their overseas
territories). Germany ex-
ported to them only 1,404 NY COTTON
101 million dollars' worth
08-15/16
-Associated Press and goods. United Press,
New York, July 18.
ופ!
of
New York, July 18.. Colton futures closed 10 to 11
34.77
December Mkidling Spot
34.67 -60
39.27 nominal
34.72
34.02
34.32
32.77
32 bid
cotton futures 10 50 cents a
34.60
34.57
37.25
34,70
34.63
34.25 bid
Trude with France and Great tower. A buying rush for radio-Britain accounted for the whole i television Issues in the stock of that deficit of about 205 mil- October market sent that division sharp-on dollars.
higher, bu the buying enthusiasm failed to pull other Great Brkain, including her March prices along In a similar Colonies, exported to Germany May 245.8 million dollars' worth of July spree.
In the anal
phases of the goods but imported from Ger- Oetobar session, there was a noticeable many only 12241 million dollars' December
worth. lct-down in the pressure of
Now Oribang trading.
closed 20 conls Von Maltzan declares bale higher. Some radio-televisions added here is de doubt Germany October
tana feur points.
at will
be unable to regain aDecember times. The volume of trading healthy balance of trade with Miding expanded to about 1,400,000 the outside world 50 long as March
the is not in a position to carn
May The big incentive in the the foreign exchange she needs radio-television line was the buying foodstuffs and raw Spot closed unchanged. Asso- Lossibility raised in Washington materials from the colonies and
inted Press by Mr Wayne Coy, Chairman dependent territories of the of the Federal Communicationsfrane zone or the sterling area Commission, that the three-year | through selling more to the re- fee on TV channel allocations|spective mother countries than might be lifted in September. the buys from them.
Zenith, Motorola and Radio Corporation were extremely active and higher.
shares.
Meanwhile steels and motors sagged quietly and soon were joined by most oils, Rails made timid progress. --Dow Jones- Averages:----
Industrials
Before World War II, India was perhaps Japan's largest market for consumer goods, Rails particularly cotton texiles. Such is no longer the
case.
In six short years, India has Slates, Egypt and South Africa. expanded
Industrial Those are in
hep
addition to the capacity to the point of not only three million bules produced In being self-sufficient in the India. consumer market but also be coming Japan's clasest competitor the export of Rextile pro- duels,
However. This
111
of
change pattern has not affected the ex- tensive trade between the two countries. Indian sources see it rather
as a healthy evolution which has established the basis for a permanent trade plan.
When India closed the door to Japanese consumer goods, she alled the trade vold with con- siderable purchases of heavy industrial equipment, steel,
metal
heavy
products
and all types of
and light machinery-
all used in establishing factories,
She also began buying Japanese
"However, Imaging, that qui of our friendship for Japan we v1 condnue to sell hur sizable quantities of cotton," formant staled-United Press,
the
Dividend
Payments Increase
in-
Washington, July 18. Corporation dividend pay-
raw materials-rayon TLE OF during the first five months of
TOW ments showed a marked increase
silk, etc to feed the
her'
booming textile industry.
this усат, the Commerce And trade experts BOU 112 Department reported today, Glackening in this demand for
which Corporations. industrialisation products. of for the next store or more or publle reports paid out a total
the
years.
of
iBarc
$2,500,000,000 in dividends
They point out that during that period, an increase Although India has progressed far in her Industrial Revolution, of about 11 per cent over the the country silli has many years came period of 1050. of building ahead of it.
The Department said the In- erense is largely due to the fact EXPANDING MARKET
that many corporations had Therefore Japon can expect a
expanded their capitalisations. continuing and probably ex-namely Issued more stock, but panding-market in India for are still paying the same rate many years to come.
In dividend per share an before. Nether
do Indian Gources All of the brood Industrial foresee any crisis in being able groups registered increases. The
supply Japan with
largest-36
per cent was in the
ta
the
products she wants in exchange railroad industry, but this
for the machinery.
Utilities
TEXTILE INDUSTRY
Germany's particular prob- lems in rebuilding her toxtile are discussed in an industry article by Dr Huns-Werner Staratzke, Secretary-General of
July
New York, July 18. The cotton textile and wool goods markets were quiet on Wednesday. Rayon goods were dull. — Associated Pre53.
British Line
Ships
the Western German-Textile Orders
253.67 Association.
70.11 43.60
--Associated Press.
Seaplane Ship Now
Chief of these relates to raw In- material supplies for the dustry which depends today la about 80 per cent on foreign :aw materials,
In Germany
London, July 18.
Tram 2 13 13.00 200 13.73
Peak Tram.
(0)
***... 1514
Peak Tram
(N) 711
Star Ferry 7315 76
1000 @ 13.00
C. Light (0) 7.05 720 3000 m 7.15
C. Light (N) 41 C. Light B
500
5000 4.30
0.93 600
0.00
Electric 2624
Telephone 2110 12 200
....11.10 11.30 500
INDUSTRIALS
Coment
Nope
STORES, ETC.
14 1474
ESCOFES
1114
11
Dairy ..... 14.30 14.40 2300 # 1414 19 15 1009 a 105
Wetsuit
L. Crawford 2333
COTTONS
Ewo XB MISCELLANEOUS
Yangtze
ཀ
1000 m 2.40
The Rubber
Markets
Prices
of
London, July 18.
rubber closed today' as follows:- Number 1 rubber, in cents
'per lb. August
September October/December January/March April/June
Kird Aug.
singapore, Java Ports & Macassar Manila, Singapore, 8. Africa & N.
America
Agents: HOLLAND EAST ASIA LINE
Dato
23rd July
ABRIVALS
Ship
"AAGTEKERK" 18th August MAAGTEKERK"
2nd week Aug. "ALMKERK" Mid. Rept. "ALMKERK"
241 Jay "AAGTEKENK" 17th August "AAGTEKENK"
2nd week Aug. "ALMKERK" hiid. Repti
ALKERK”
From
Europe Singapore Харал
Europe & Singapore Japab
SAILINGS
Japan via Manila
Manila, Singapore & Karoge Japan via Mantin
Manija. Singapore & Europa
SKINGS BUILDINGS: TGLEPHONES:reginiko Ng
SSSÍNA KAGENTS REL: GAIN NATURTZIOADASI Mal
PATTISON ORIENT LINE
LIMITED
S.S. "LAURE PATTISON".
futures
DUE FROM:
4B44-80-14 4934-50-14 4435-45
3016-12
3524-30-3%
33 nominal -United Press. SINGAPORE MARKET
Singapore, July 18. Prices of rubber Lulures closed today as follows;-- Number 1 rubber, per lb.-
August
***** 14115-142
-September
October Number 2 rubber,
133-13314
August**** 13012-1371
Number 3
August
rubber.
Number 4 rubber,
AIIRUN
Spot rubber, unbaled Black crepe .......... No, 1 pale erepo.....
1301-131
123-127
151-152
90-00 155-105 United Prune. NEW YORK PRICE
New York, July 18. Crude rubber No, One ribbed sheets closed at 52 smoked asked.--Associated Press.
A British shipping Hne, the Formidable handicap, too, has
Baltle Corporation of been Federal Germany's grow- United ing shortage
ex- London, have ordered a fleet of of foreign change.
three 10-knot vessels from a German shipyard.
Foreign exchange resources are, the Secretary-General says, wholy inadequale in relation to needs "and its export trade is fighting a hard battle to regain a foothold in world markets",
Fruit Carrier port
London, July 18. Fourteen years
after being bullt as
catapuli A scoplane ship for the German navy, the
Fairsky (ex-Friesenland) has
arived in the Thames.
LOOKS TO EXPORTS
Sho is now a refrigerated cargo carrier, with seven The Federal leaders hold that separately. insulated compart all textile manufacturing coun- ments.
ries should have fair access to The peace-time food carrier the world's raw material sup
plics. an international history. Taken from the Germans, che
Euch of 2,000 tons, they will
and be built at Rendsburg, operate a service between Lon- den. Hull and Finland,
LONDON TIN
MARKET
buyers
actier Business done at
Three-months tin, Bestlement
055
QUE
024
The first of the three vessels will be delivered at the end of
London, July 18. next year and the other two during the first half of 1953.
Prices of tin closed here- to- This is the first big ship- day at the end of the official building order placed by a morning session as follows:- German hopes are placed on British line with German yards pot tin, sollers Epo! tin, buyers the outcome of the International since before the war. It is Dusincas done at Raw 'Material Conference In expected, however, that both Three-months 1, Washington.
Germany and Japan will bene at from the overflow of orders from British yards, now ex- ring their biggest peace-
boom. Many British and American ships, too, are being repaired With a demesile market new in German yards, which now was cold last year to a Pana-reaching satisfaction point in have more work in hand than munian company.
the post-war period, Federal any other continental country. They sent her to Holland for Germany looks to increased ex--London Express Service. conversion. British refrigerat-port activity in textiles, the Ing machiory was fitted,
First plan
that wns Fairsky should carry mules and motor-cars in specially ventilat- ed compartments,
has
Secretary-General the don Express Service.
The plan was changed and she will now carry fruit-and 12 passengers.
Several parties of London shipping men Dre molding special trips to Purfleet to see the Fairsky before ako sails again.-London Express Service,
Japanese reflected special payments made New York Sugar
look to the Indinn market for
cotton, iron ore, plg iron, coal by two chrriers rather than a
general
coke, manganese, vegetable olis and oil seeds, tobacco, hides and
tanning chemicals and a other orea and metals not found 590
sirints,
upswing.
The manufacturing industry whole showed a nine per Increase in dividend pay.. with the largest gain
ments
Athough, qur. Industry will made by automobile firma
mako
more and more use of our United Press,"
raw materials as time, and ex-
pansion go on," the source sild,
"wo foreste no situation. .in
which we will have insumcient NEW YORK BANK
row products to supply trade
countries!!
onl
* QUOTATIONS
demands with Japan and other | VAIKO HEAVễn ng c
DAN VA New York Játy, 38, exception closing quotations;
Bank of Aniaries #73 bid 29 arked National }; bid 971; asked National City 44 bid 2015 anised
Promotion Associated PreMU
might be cotton. India is al- ready. Importing one million da baloziva year from2 the < United
Chase
Futures
New York, July 18,
closed 10 to 11 lawery".
adds. Lon-
Grain Prices Decline In
Slow Session
#74-823 100 -United Press, New York, July 18.
Kobo In Port
LOADING:" SAILING FOR: July 18th & 19th. Fusan & Japan
July 22nd
12-14 Queen's Road C.
Chinese Agents:
Tel: 25846.
OVERSEA CHINESE STEAMSHIP CO,, LTD. 48 Bonham Strand W. Tels: 26046, 20127 r 81119
BRITISH LOAN FOR
BURMA?
London, July 18, Britain has offered to send a Treasury repre sentative to Burma to dis- British a possible loan, it was officially an-! nounced today.'
cusa
Britain's Exports To India
London, July 15. Britain is not overlooking the changing needs of Indio despite many competing claims on her Industrial butput, Mr Arthar Bottomley, Board of Trada Secretary" for Overseas Trade, poclaroi todny,
and
The Burmese Prime Minister, Thakin' Nu, asked Britain in March for a £5 million laan to
Io told tha Indian buy Burma a third share la a proposed joint
venture with Eastern Nowspaper Society that. British-owned Burmah Oll Britain's expans to India last year included 237,000,000 worth
the
Company:
He sent the request in a letter to the Prime Minister, Mr Cle ment Attice,
of machinery and £15,000,000
worth of vehicle-en, Indication. In his reply, Mr Attico ex- of the way Britain was meeting pressed the British Govern changing needs of India in Copper, lead and zinc futures mont's sympathy with the Iden her struggle to develop her
of some form of joint venture, closed quiet, clated Press.
no sales.--$690-
U.S. CEYLON
Western Aid. For Tito
AGREEMENT
Colombe, July 18.
economy."
It was stated today.
Ho hoped that this might, bo possible without financial aid Britain, India's largest sindo Government, customer nixi, Supplier" for many from the British hul Mr Afflec offered to send a year, imported from Indlin Treasury representative to take230,000,000 worth of goods in in discussions on the sub-1950 and exported to her £97.-.
part
Jeet.
The question of a loan originally raised in 1940..
The
was
000,000 worth.
I
"Tho contribution which the.
Burmese Government
The United States will build then required the money for United Kingdom is making three short-wave radio trans-plan whereby it would acquire towards the realisation of India'r Belgrade, July 18. mitters for Ceylon. In return for a shore in the operating sub development plan is no, small
Oil It was announced today that facilities to broadcost Voler of sidiaries of the Burmah the United States, Britain, America programmes, according Company In Burma In return one and is evidence of the France and Yugoslavia had to an agreement published to- for assistance in the work of strong economic and rocini Kès agreed on the
rehabilitating Burma's damaged which link, the dealintos of our principles of the agreement is for 10 years, oilfelds Reuter.
two countries," he said. Western ald to Marshal Tito to help him preserve Yugoslavia's The US State Department will
build the independence.
transmitters, which
GOOD CROP IN by tho The American, British and will be administered
SHANTUNG French Ambassadors presented Colon Government. The Valce of America will have priority on the use of two transmitters and Ceylon on the third.-
The transmitters will
have
kilowatts-Router,
-memoiro
Chilengo, July 18. Aside from a tile firmness In July contratis, the grain market
aldo an failed to show much life today.
outlining Toward the closo, selling in principles on which aid would Domestle sugar futures No, & trac's sank below the previous been agreed to by the Yugoslav an output of not less than 85
creased and many deferred can be given. The principles have
closo.
Government and, as a result, 8,77 р. Wheat closed 21% lower to experts are meeting to work out 5.74 bla
nominal highers
July:
details, 2.35% to
་,་.་ Deplomber December Manch
·May
Judyr 1,789AD, NJ
September. November
March
Mayliu
Domestle suger futures No. 5 dosed quiet, no sales.
World mugar, futures - No. 4. cloped 0 to 14 lowor
0.0 BIA
5.33 bid
September
JARHATY March
May
July
-- 8.00)
WWW 3.53 nominai
#Associated From.
to
Buns was tower to 118 higher;
The Allled raemorandum pro-
mised funds as soon as possible Exchange Rates for Yugoslavia's most urgent heads but remanded that
excharme,
market
(per;
this
San Francisco, July 18. Peking Radio reported tonight that all available forces had
As a predominently food im porting country, Brliáln had not herself been able to provide food to alleviate India's famine, "Nevertheless, wo were
were able
been mobiilsed in Shantung of treined for the United King- to divert to Indin 43,000 tons of Australian whent which was help peasants in the res
rouping
an abundant wheat crop. dom," Mr Bottomley said.
The Radio said that the chief reasons: for this year's.....
crop were
ear's good:
fox
Come
tons of
greater efforts, mise three
quart
tion of improved seeds, succons- shipping which was urgently Dualnega, sene : dons in the local, ful" campaigns against :: Insecta | veuled; for, our own import
and good rainfall programme to be and posts:
be made avail ines From 00 10 in) oxira kilograma, able to lodia for the cheriago 431 of grain had bom vfolded per of the much-nooklet food, and 229 here, oven in formerly, flood, this helped to ensure quicker ung broadcast and iiraus distribution of food
f: India. Teuter:
Intive approval must first bo unometal Caterer, lower to 36 higher obtained in Washington, London morning at the following July: 301 to it'
“Rys, (013 style, was † conta nighëri" and Paris. No figures.. woro vas, tostara (por. 81) a
mentioned, but estimates range Indonesia culiders (per 100) Boybean wire 116 lower to 46 from $150,000,000 to $200,000,apore (stralia)
|fijam tion)s (por- (90)
Pod Prumą?
· Now, gugar spiet:"8.80 nominal, Falsberg July: 20915.to 3,00 m,seca)aio (30%ARAPETA IKI:Plastron (per-199).
47,30
Kastricken