R.I.L.
ROYAL
Dala
Port
314 Aug.
3rd Aug.
INTEROCEAN LINES
ARRIVALSTMTMTM
"TJIWANGI" *VAN HEETS2"
-“EGIISBYAIN”
Rth Ave. -* «TJIBADANE”'
Bin Aug.
Aur.
2nd Aug.
With Ang.
4th Aug. 6th Aug. AUR. Aug.
20th Aug.
23rd Aug. 20th Aug.
31st Aur.
Date
12th Aug. 13th
Aug,
Asta. Arps,
sila Яept. 2nd week Det.
J5th Aug, ziet
AUF.
*MIA. Sept.
Mid Rept
2nd week Oct.
*TJITJALENOKA"
"TASMAN"
TJMEBAR": "BOBRVAIN"
"TJIWANⱭr"
"BOIEVAIN" "VAN HEUTAZ“
- "TJISADANE"
"TASMAN"
KCW From
Macassar & Jaya Ports Japan
8.America. Vita, "Singapore,
Beiro, Manila
8. Alberica, A. Afcles, Singapore.
Manila A
&
MacEMAT, JAVA 'Porta & Ringapore Japan
f. Africa,
1, Mauritius, &. Singrpore
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"TJITJALENGKA"
STJIBESAR"
"T01AVAIN"
Bingapore JAV Ports & Macaskir Yokohama Japan Parts
Singapore, Penang & Belawan Deli Yokohama & Japın. Ports you,
Singapore,
BOMATANE,
Tiirebon,
Dakarta & Betswan Deli Singapore Java Ports & Maczisar Yokohama Japan Ports
Manila. Singapore, S. Africa & 8.
America
Agents: HOLLAND EAST ASIA LINE
Ship
"AAGTEKZİK" "ALMKERK" "ALMKERK"
"HÖÖÖKERK" "HOCAKERE"
"AAGTEKERK"
"ALMICERE" "ALMKERK"
"WOOOKKBK"
"KONAKERK"
ABRIVALA
from
Japan Eutrope Japan Europe & Ringapore Japan
BAILINGS
J
To
Manila, Bloxspore & Europe Japan via Bianlia: Manila, Singapore & Europe Japan via Manifa
Manila, Bingapore' & EuroPE
12
KINGS BUILDING, STELLÉMOMS: 2007STO 2801752
• RON CHISTSL-AGUSES, BZEGHIN NASIGHT, ARIAL, GUIAS: MOS, ZARAZZE
Carrying Charges
For Wheat Still Not Settled
London, Aug. 1...
The International Wheat Council meetings in London ended last night without agreement on the disputed "carrying charges."
The charge is six cents a bushel, which Canada and the United States have added to the agreed. maximum price of 180 cents a bushel under the In- ⚫ternational Wheat Agreement.
the
THE CHINA MAIL, THURSDAY, AUGUST
2,-1951.
Price Coffro No Danger Of Price MESSAGERIES
On Expo
Washington, Aug. 1.
The United States. His Introduced controls on ax- part prices in a move aimed
at keeping scardo.material"
at home and helping the
world to battle against 346
flation.
The ofce ~of Price Stablilation, in a ruling effective on August stipulated last night "that"; export prices. must not exceed those revailing before the Korean war. This would fix prices at the same relationship they bore to domestio⋅ prices; Mi- that time--Reuter; 5:
JAPANESE SHIPPING COME-BACK
modest come-back".
The article, written under a Francisco dateline, cited San
the arrival on Monday at Long Beach, California, of the Wake- shima Maru, 3,000-ton vessel of the Kokusal
Cutting,
Japs Claim
יי
Tokyo, Aug.12. Fears that a new, independent Japan my revert to pre-war price cutting to win interna- tional markets again are discounted In Tokyo,
Offelally and unofficially, Occupation and Japanese Government officers, and private indus- trialists, express an opposite anxiety that Japan's high prices will make it difficult for her to take a due part in international trade. When approaching independence leaves her working her own passage. American prices are high. In several impor tant items, Japan is even more unable to compete with them. Local bankers and economists refuse to say that there is inflation in Japan. But costs are high, many are rising, and prices are up accordingly.
Japanese Government agencies,
got to work. Immediately to see how prices could be cut. But by mid-June no concrete plun had
produced.
Competition
MARITIMES
MOM
"OUISTREIAM"
In Textiles MARGETA From Japans
SUGGESTION BY INDUSTRIALIST (Our Own Correspondent),
London, August 1. A novel suggestion: for solving the problem of Japanese - competition in world trade la-made this morning by Mr Cliye R. Hargreaves, director of a number of British and over- seas textile companies, in a letter to The Times.
His idon is that, the Japanese should pay Into a 'reparations pool sums estimated as being the difference, in current; costs of production between Japan and this country for goods ex- potted,
bo
pow
New York, Aug., Ic The Wall Street Journal, one 100 of the United States' best- known financial dailies devoted
Reporting back here on the gaining for 黥 -now- mcnetüry half a column on Page 1 today
Such
he says, to Japanese shipping, under the results of the talks in Washing-greement which would vitally
"Japanera commerton, the Occupation Economie pffect the quee lon
would reparations. headline
available to those Japan
b: was' réponica' cial shipping Arms
Chief Major-General William begin
competing countries who suffer- Marquat, told the Japanese that holding out for the retention of a cd serious, war
damage o they must cut domesile costs in plause in the existing agreemen
an added Hability to them in providing for a settlemosát. order to compete outside,
in world competition. dollars
of balances over £17
Mr. Hargreaves points out million. The United Kingdom that inability to compete from delegation vnd believed to be this
against low-paid for the
the abolition of this
costs in Japan, labour country clause in
in the
of a greater particularly when that labour is gularly-scheduled and privately- It was generally proposed to
ricrests of
highly eficient can no longer Japanese Sourced suggest operated Japanese ship to call try and curb inflation
be regarded as
as theory it. There methods.
were AS A COMPROMISETA at a U.S. part since the end of direct
hopes that raw material costs. Firstly, that a compromise
is no might come
dowa, although might be reached by raising the he says, on the basis of
of our pre Japan's important heavy indus- celling or non-dollar settlement, seat level of wages, ho try had to face the fact that Its ond,
Work expenditure on rearma- ment and Colonial development, even when supported by the best and most efficient machinery of competing 50
against fitably
the war.
Line-frst re-been
A second ship, the 10,000-ton Nippon Yusen Kaisha Line car go liner Helan Maru, is to arrive In San Francisco today.
The
commented: more article
by in-
if
iron ore and coking coal were Secondly, that Japan might be new coming from markets much satisfied if the United Kingdom distant than. close-by could, in some way, guarantee "Final details on how fast and China, where Japan once traded useful supplies to coVES Any how much Japan will be per- DO
balanes that Japan might hold : milted to rebuild its merchant fleet aro stil
threshed
out by the Ug
50
4
mere pit Coram method,
ven by the Bank of There, lines of thought were production: "apanese textile for April this year show-leading some local experts to She Tokyo
But, he odds, Lancashire is States and ed the following comparison in believe that a new bilateral prepared to meet air com
Во Be Yen (300 to the dollar, 1.008 to system of trade and payments petition******* fore the war, Japan's merchant the £1 sterling) between Ja- might result; fleet of over ave million tons pandse and United States prices. was the third largest in the
other Allied governments.
world, surpassed only by Bri talo's and the United
States
flects. After the war, it was to slightly Dver ope desn million ions, mostly small coastal vessels.
"Before the war, Japan de- on earnings from its merefiant: feet to help provide favourable balance of trade. Since the war, the nation had to have most of its bauifag done by foreign ships: 1is merchant 'fleet, for example, handled about 15 per cent of all cargoes United States before Harbour."United Press.
Material
Shirting
Rayon Yarrs
Pig Iron
Bar Steel
minde
-Unit Japon:
United States
127
890
90 248
m/t
20.500
m/t
44,000
m/t
bag
20;193 380
...18,001 29,565 10,200 340
LOSING CONTRACTS
Japan,
secure
HONGKONG SHARE MARKET
Amm Sulphate Cement
These figures were given
anxious
to
here in argument against re more "aterling area trade, was British and French concerned lest her earnings ported opposition to a restriction-free from it might still leave her Japanese beace treaty.***
unable to buy peeded. row The European objection was ‚on' fears .com-
at moving between Japan and the believed to bebe
at
Pearl of top-stron ropean export-
Wheat Price
Recovers
petition with
ng industries,
materials 'ekewa ameuter.} if
PAKISTANI
nowspaper
(From Our Correspondent)
Business done
-done on the "Stock Exchange this morning Was valued -at- $279,025. NocD The Tokyo, Aug. prices and the choening's, trans- ported today from Osaka that actions; A wr
SHARES BUYERS | SELLERS. BALES the Pakistani Import Trade BANKE, ISI KULA Corporation had asked Japan's HK dapk Cotton
201400 47050 en 140715. Fabrics Export As-(XD sociation to suspend its now contract.
The Osaka
association was reported to be consulting-with the Japanese Cotton Spinning DOCKS, ETC Association before applzung
Japanese axports dipped in April, and Ministry of Inter national
Trade officials said that they did not believe the levela over the dret quarter could be maintained in the
second
half of the year. top was reported. To be contracts in South-East Asla to more competitive bid-
The Japanese cotton goods ding from British and European industry has for some time Industry,
been reported to, be, anxious
trado and the accumulation
20.1483
111
INSURANCES
•Unloa
3... 74735 780 UnderwriteIN
Provident Wheelock
The dispute was referred to They, have to sell wheat the Executive Committee, which the maximuin price while hoy is to study the matter and. re-ing to pay for their purchases
prices which have been inflated port back to the Council.
The next regular session of by factors which could not have the Counc
la. scheduled. for been foreseen when the agree
1949. Committee ment was 'signed in "the October
curilor. Meanwhile, As regards Canuda, the Im- may report the importing countries have popling countries retrated that
tention mised the prin this contention' made it clear that if they had ciple of manctity of contract.As to pay the six cents on any res
regards the United States, they wheat bought under the agres-pointed out that the carrying ment before the Council decided charge has no effect at all on
Chiengo, Aug, 17 on matter, they would re- the price paid to the producer. gard the payments 19 made
It mertly reduces by six Major grains, led by wheat, under duress and without pre-cents a bushel the rato of moved upwards on the Board of Judice to whatever their
United Trade subsidy pald by the
HK Hotel while soybeans eased ing considerable support from about the loss prins i export LAND, ETC.A Wheat buying was accompanied United States military procure Inventories. Reuter. eventual rights may be.
Government on wheat States
by the purchase of more than ment purchasing. The fifth regular session of the Council begon and ended on sold under the agreements.
conceded! that
0,000,000 bushels of cash wheat But, while the sale of the They Monday morning with the
by West Germany,
materials for Korea, for exam- amount of the subsidy bad election of officers for the year
to :21 Wheat closed
rasuscitated Japanese in- It was starting today and the formal surpassed the estimate.
dustry. from Its post war that in the elapsed higher;
13817 September
doldrums,
7.: demand Japan's acccasion believed
of the agreement
December Wheat two years
241 labour and materials, International
and March ended yesterday, the subsidy
34343 diversion of products - from DLAY cost about had
as much as Anderson Mr
Sheed F.
home needs, tended to develop to originally suggested. (Britain) was elected Chairman was
shortage and put more pressure on prices and costs,
notification of Jap
to
the
Agreement.
of the Council and its Executive Congress as, the likely cost for Committee, and Mr Edwin Me- the full four years of the Carthy (Australia) Vice-agreement.
Chairman,
BRITISH! CHARGE
But the importing countries argued that this was no respon- The Counell then reconvened sibility of theirs, since it arose In a sixth special scasion to dis- solely from the high price at
the which by
United States cuss a document presented Britain, and supported by the Government supports the other importing countries, argu-domestic pries of wheat,
that the ing
carrying charge
It proved to be impossible was ultra vires and a violation at the meetings on Monday of the principle of the agreed and yesterday to reconcile this inaximum price.
A protracted series of meet- conflict, of viewpoints between importing and exporting countries-Reuter.
ings, running from after lunch on Monday to a late hour yos- terday falled to reach an agree-
maw
Importing countries argu- ed that the records of the 1048 and 1949 conferences which led up to the agreement, showed conclusively that there had never been any intention that the Governments of the ox porting countries should add a carrying charge to the agreed maximum price.
the
Decline In
Cotton
New York, Aug. 1.. Catton futures closed 05 cents to $2.20 a.bale lower.
In their view, the mention of adding Spot carrying charges in the agros
ment related only to
example,
34.31-J 34,225-20
Corn closed to % higher; September: 1.71% to 4.
Oats closed 12 to 2 cents higher; September: 70%.
Rye (new style) closed to 44 higher; September: 1.88% to 1.00.
Japan's economy was receiv-
t
the
| U,6,41 DISSATISFIED. Future economic co-operation between Japan and the United States may bring, according to Soybeans closed unchanged current reports, orders worth In lower; September: 2.824. $1,000 minion annually in de-
procurements from Associated Press.
AUSTIN'S! PRICE
INCREASE
London, Aug. 1.
anese industry.
A condition may costs
buyers,
Jap
P
of
The Rubber
יוי,
Markets
A
4,00
- 11 11.857-800 ✪ -11%
000 @ 24.75 483-8500 4.90
2415 25 300 25
S'hal Lend 1.10 1.25
UTENTIZE
Tram ......1240 23.70 2000 13 Sur Terry... 2016
C. Lizdi (0),
7.2.40 1700 17
C. Light (N° 4.00, WAS FOU
C. Light (B)-16.30 0.00 2000 @ 8,80° Electric 24.50 $7.19-200272
Telephone INDUSTRIALS.
Fit Coment
Hope
Dairy
Singapore, “Aug^i. !
Wetson Prices of rubber futures clos- | COTTONS Ewɑ KD ed today as follows: Number 1 rubber, per 1b.. th
August September October, i
Number 3 rubber,
August
Number 3 rubber.
be that August
san, Number 4 rubber, come down. American
August for example, are dis-spot rubber, 201 satisfied with the price
unbaled of Japanese-made vehicles, said to Black crepe be twice the cost of American-No 1 balo crepe made:
142-14235
137-13734
134-135
137-130
130-131
1000
11 28
27
11 11.30, 1000 11.20 145%
1035 2434 1000 @ 14.40.
2.10
LONDON TIN
MARKET
م الرة
ARRIVALS
from Japan
ROÏINGH¿VAILINGS (1999)ANG
PASSENGER/FREIGHT SERVIOL
YA SIARSEILLALAR" "A MARSEILLAISE"
VOUISTRERAK" *MEKONG*** "MEINAM”
to Marseilles
PREIGHT SERVICES:
Aug.
22nd Aug.
Ne Africa & Europe 15th Aur. IN. Africa & Europe 3tin Aus. -N. Africa & Furope 20th Sept. for
¿PORT SAID, TUNIS, MARSEILLES, ALLIERS, ORAN,
NATANGIER, CABABLANDA, HAVRE, DUNKIRK - ANTWERP &-KOTTERDAM
"ALEXANDRE DE RHODES" to Saigon
"Tih Aug.
CIE DES MESSAGERIES MARITIMES A LIMITED COMPANT IN CORPORATED IN FRANCE Queen's Building || Tel. 26651 (Three Linea).
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via BAN FRANCISCO, LOS ANGELES AND PANAMA..
{
NEXT SAILINGS
M.S. "GRETE MAERSK” MS. "OLGA MAERSK” M.S. "LAURA MAERSK”
Aug.
Aug. 14
Aug. 80
ARRIVALS FROM ́U.S.A.
MS. "HULDA MAERSK”
Aug. 20
MS.TREIN MAERSK” MS. "PETER MAERSK”
Sept. 3
'Sept. 14
For Freight and Further Particulars please apply to:
AGENTS:
JEBSEN & CO.
Tel. Nos. 36066-9,
Pedder Building
INDEPENDENT.
ISBRANDTSEN
DEPENDABLE
"Sailings to New York, Baltimore and Philadelphia
via San Francisco or Los Angeles:
Dus from
Halls for
S.S. "FLYING INDEPENDENT" New York
Va Manila Aug. 9th
Direct for Japan Ports Be the USA.
Aug. 10th
For Freight Rates and Passenger Accom
please apply to:
A. P. PATTISON & COMPANY, INC.,
General Agents:
12255-12945
London, Aug. 1. The tia market was quiet this Chil \3445psidais: morning., Turnover was 60 tons,
$81-9915 158-105 -United: Prezo. Į
The Austin Motor Company The Japanese (hope; joj bring NEW YORK” ¡PRICE. today ordered price increases casa down
New York, Aug. 1. to International averaging six per cent in its levels in many cases, tronomic Crude rubber spot No entire line of automobiles be experts here say, and not, as ribbed smoked sheets 62: asited. cause of the continued up some overseas commenta sug---Associated Press, vrough surgi ward trend of the cost of
rest, to bring them down to supplies."
The Increase applies to
Associated Press.
the point of under-cutting OPRZE European competition.
both home and export marketa. Regular reports of production New York"
Increases in Japanese, industry (92) Volumina da Washington, Aug. 1.. suggest to Occupation economy Daniels An Office of Price Stabilisamists that output may correct Futures
unid.today spokesman
the price gure gradually and Boaturally!
jon that the Chrysler Corporations. 10.31 nominal Pupofficially" hus given notice
34.27-.29 31.03
32.00 bid 32.50 bid
Oct. Dec.. March private May
July. exporters. Where a Canadian Oct,
for exporter,
had Dee brought wheat at the maximum NEW ORLEANS MARKET price from the Canadian Wheat New Orleans?rcolton, futures: Board, the importing countries closed $1.00 to $2.05 batu conceded that he was entitled to lower pass on to his buyer the carry- Oct. Ing or other charges that he Dee
subsequently incurred.
But they contended that this
Middling
March MAY July
31.22-25 34.14-10
2427/bid
3434 btd. $59,90-34
was irrelevant to the action Boot closed $4.50.a 'bala, lower, which the Canadian and United Associated Pres.
· Blatos-Governement-have-taken. «
SANCTITY OF CONTRACT
The exporting/countries/con-46 Dựng texted this interpretation. They a multigü
Djakarta, Aug. 1. Indonesia' economic and
argued or implied that anancial expert, anal, carrying charge was | Digihadikusumo, rost |
ilton i alt him, Governminné posts;
Sinak protest
(ministration's "nok-of-sottori (Lit
present" goonomie
April, for example,
Including 30 tons for cash.
Prices closed at the end of the oficial moming cession as
48.
follows:-
Spot un, buyers Spot in allers Using donat
fThree-months Jalin, Three-months. tin, 'Business'doné” at ·
Beitlement
2
WIDE
**** 120-130
buyers, 805 eller 810
113-United Prans,
ECA GRANTS
---Washington, Aug 1,
Economic Co-operation 'Administration, today authorised additional aid for Hurma, India and Indo-China, piscina kang m
Tavas rated $156,000
and
...Japanese for 5 American 1.30, bid. karcher
electricst apparatus and steel Pomballe sugar futurus. No: 6mm
apparatus India £5,000,000. Wheat loan. Indo- closed quiet, no
China was granted $927,000 for orude
oil and petroleum from Lalled States and the Middle
New York, Aug, 1. that it will ecek a nine-and-production of cement and Doments: sugar, futures No, nlosed af-lower to a higher pl one-half per cent price boost on cement clinker-both products September, charak passenger cars, Associated for which demand is seemingly November grapes ( Press.
limitives reached row post-war high gutes of 549,000 tons and 534,000 tona respectively."
The Japança record cement output was 082 000 fons in November, 1940 ton
STERLING AREA Cast" production we code (dustrials, and oil stocks tinuing above target in May overcame early, heavy selling Retractories for the steal Indu
pinta-pulp af und; papdr
LONDON SHARES WABURALLYM..
London, Aug 14
to finish with a // sprinkling good - gains on the Stock Ex-
World” sugar. closed 3 1814 10wer 3 GU
Hade digi
pesh
THR
brought ujativa, total formida
Rate
the
CHINA, KOREA, JAPAN &
HONG KONG.
25346:
Queer
CHINESE SHIPPING CO.
26127 & 81118.
ICE, TO CONSIGNÉES