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› MESSAGERIES
M
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ARRIVALS
from Japan
MARITIMES
M
. from Koba. & Yokohama
SAILINGS
PASSENGER/FREIGHT SERVICE
15th Aug. 21st Aug.
"LA MARSEILLAISE".... to Marseilles, via Manija 22nd Aug.. "FELIX ROUSSEL"
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to Marseilles.
FREIGHT SERVICE
15th Rept.
‚N. Affles `& Europe 18th Aug. ‚N. Airlea & Europe 28th Aug. .N., Africa & Europe 27th Sept. for
PORT SAID, TUNIS, MARSEILLES, ALGIENS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM, ·
CIE DES MESSAGERIES MARITIMES
A LIMITED COMPANY IN CORPORATED IN FRANCE Queen's Building
· Tel. 26851 (Threo. Lines)...
PATTISON ORIENT LINE
LIMITED
S.S. “LAURE PATTISON”
DUE FROM
Kobe Ang. 19th
12-14 Queen's Road C.
SAILS FOR.
Direct Pusan and
Japan Aug. 23rd
*Tel: 25346.
Chinese Agents: OVERSEA CHINESE STEAMSHIP CO., LTD. 48 Bonham Strand W. Tels: 26640, 26127 & 31119.
Economic Drive In Near East Sought
Washington, Aug. 11.`
The House Foreign Affairs Committee de- clared today that the United States must "find a basis for understanding and sound future relation. ships" with countries of the Near East.
In its formal report issued on the overall $7,848,760,000 Foreign Aid Bill, the Committee said that it was in the interests of the United States to "take all reasonable measures to assure stability and peaceful development of the region.”
The Committee recommended" the appropriation of $590,000,000 for military and economic aid į to the Near East and Afrien-a! sum $50,000,000 more than the administration's request" for the
arca.
"In the Alab countries whose independence is relatively recent, elements in the life of the peoples which contribute to st131 stability are political lacking," said the report. "Iran,
is beset by long Independent, Internal dimculties. Israel faces heavy econonle burdens which she cannot shoulder without
Philippines
Mineral Outlook
Washington, Aug. 14,
Indicated Informed sources that the discovery of sulphur the Philippines would be
in
project.
assistance from abroad, Libya, helpful to the success of a big Ethiopia and Liberia look to us Maria Cristina hydroelectric for assistance and counsel."
Milltarily, these countries are not strong, although under nor- mal circumstances their forces would suflee to maintain order at home.
WIDE GULF
The electric power generated there will be partly used for The fertiliser manufacture. availability and the price of tulphuric acid sulphur and
would have an economie bear- ing on the ensis of production and the rate at which the pro- ject would expand after the initial installation.
THE CHINA MAIL, WEDNESDAY, AUGUST 15, 1951.
Russia
Welcome
Soaring Figures Of Oil in Not Output In Middle East
Production Th
Increasing
Washington, Aug. 14.
The Interior Department reported today that the world crude petroleum production in 1950 in- creased 11.5 percent over 1949, with greafer output achieved in all areas of the world,
The world crude oil production in 1950 totalled
In Formosa 8,796,000,000 barrels, for an increase of $92,000,000
barrels.over the previous year, -
New York, Aug. 14. Tha. 1950. production mte George Kingdon Parsons, 71-averaged 10,400,000 barrels | year-old consulting engineer dally." from Yonkers, New York, kold
Parsons spent three years in Formosa, where he was a mem-i her of the engineering team act iug
consultants to the Chinese Nationalist government. He returned home after pleting his contract.
that production
He asserted
com
in
HONGKONG
SHARE MARKET
Y:
today that the Chinese Nation- The Department said the lay- alists in Formosa were, becom-gest production Increases were lng more atd. more self-sup- In the United States, the Middle porting, exocinically and poli- Fast and Venezuela. The Micklin ically,
East production exceeded that from the Caribbean for the first Lime and
and the "Western hemis- production declined from 73.4 phere's share of the world crude
percent in 1949 to 71.6 percent
(From Our Correspondent) even though all major countries in the
Transactions on hemisphero increased protection
the Hong. Block Long over 1049."
Exchange this mafor producers morning were of a total value All of the
Further H.K. in the Middle East showed in. $220,804.70.
Hotel shares changed), hands, creased crude oil oulput the previous year.
Noon quotations were: SHARES DUVERS SELLERS JALEA BANKS
K Bank 1400-1600 10 @ 1400 East Asia 1129
INSURANCES
Canton Unlpt Underwriters ik Fire
over
over
in Formosa had been inereused ni least 40 per cent.
He attributed
Us, 10
the Inow-how of American experts who are advising Generalissimo The Middle East production Chiang Kai-cheit. Hie engineer-
oqualled 17,3 per cent of the in team-members of the J, G. world laint in 1950 compared White Engineering Corporation, with 15,0 per cent in 1948 and s for ECA in China-modeded that from the Carib-
$6,000,000 for the bro for the first time. United States when they found
increases by many Chinese requests for new
from 1940 to 1950 in equipment could be solved by
barrels were: Iran from 661,800 mindr local repairs instead. He
to 664,000: Saudi-Arabla frem elted a Nationalist government 477,000 to 547,000; Kuwait from request for new bottling equip 247,000
and Img ment for brewery;
to 344,000; I was with the completion of a afterwards found the only 10-Inch
diameter pipeline trouble with the old machinery was it would not function It Lebanon from
different-
fant Iran's processed t
brewery used
sized bottles.
Mr Parsons said the Nation alists had made progress In cou- Laining Communism in Formosa and also in rebuilding the island's industries. Ho men- Honed especially the work done to re-establish the textile, iron 'and steel, rubber and glass in*
dustries.
"I did not see any starvation *There there," he continued,
|
is no truth to reports that the Nationalist Army is receivingå the major portion of food sup- of the plies at the experse civilian population."
American dollars are being "well spent on Formosa and the people there feel the United States las hot let them down or formken the Nationalist cause". -United Press.
areas
The Depart
Abadan
30
754
4.10 300
4
130
K. Whorf
P1 com no N. P. Winet 5.20 5.30 1000 0.20 Dock
15 14
4
600 47 11.00
New
to
Provident
LAND, ETC.
of
NK Land
5.85 1500 5.85 2000 5.50 1015
Bhal Land Humphreys
1.10
dally average 524,000 barrela in 1850 or 5.0
cent of the por
world tola outside of Russia and Enstern: Europe-United Press,
Chicago Grain Futures
Chicago, Aug, 14. Prices of grain futures closed today as follows:-
September
N.Y. FOREIGN September
EXCHANGE
Canada (dollars) England-officiat
unofelol
30-day futures B0-day futuren
Australió (pound) ....
New Zealand (pound). South Africa (potundi..
July
Dats
September
00%
8415-
Now, York Boua-per 260 ib. snek. $12.75.-Valled Press.
Exchange
Rates
UTILITIES
Tram XD
Star Fer
-132 13.00
#2}
C. Light (0) 735 750 1811 ₫ 7.40 C. Light (N) 4,69
C. (Light (B) 7.15 1.30
Electric
20 203,
4.05 7.13 7.20
Telephone .... 113 1214 1000 or 11%
INDUSTRIALD
Cement... 11.40
12 200 m 11%
0:00 a 115 200 100%
Rope..... 10%
STORES, ETC.
Dairy ..... 14.90 18.20 500 14.90 500 mm 14.00
Warawford 2011 20 2000 20.00
COTTONS
Ewo XD
2.40
MISCELLANEOUS
Entertain-
ment
HK Construction
(0)
414 3.20 1100 € -2.53
1000 - 2
Cotton Stock Pile Urged
"Washington, August 14, Southern Senators decided tɔ- day to try to get the government Busine was done In the local to buy and stock-pile 3,000,000 this bales of cotton to help steady
the market. 15.00 6.38 3,20
Wheat ptica per tuiliel. Spot
Decentber
March (7932)
23712 2.40%-15 24311- 2.45
May
2.431)
Corn
Spot
1.7332-36
December
1.036-4
March (1952)
1.0712
1.0032-5%
Rya
1.721 asked
Closing rate. Aug. 14.
..... US$0.0454
2.00
September
1.70
2.33 k 2.50 asked 2.00-3/16 200 2.23
July .::::
2.703.
Belgium (franc)
195
Demark (krone,
1455
France (trane),
.00231
W. German Deutchemark
4.30
Holland guilder;
20.30
Italy tonicil)
110034
1405
,0350
U.S. Dollars (per $3)
.............
0205
Indonesia_gulldera (per 100)
.0033
Slam tlenie (per 100)
2301
Singapore (Straits)
MIDDLE EAST
2.6012
FIC plastres (per 100)
.03123
Turkey dra
Iraq dinnar)
2.81.
5310
LATIN AMERICA
Argottine-ofleial
.0720
Braz feruzeiro) Bolivian Boliviano) Chilcres Columbia (peso)
0350
,0150
4025
1.00
1156
8550
4024
2005
2103
3010
3305
Nunway (krone) Portugal escudo Spain (pereta) Sweden (krone) Switzerland-free
Egent (pound) Irak (rtal) ....
Cubro (pero) Mexico (peso) Peru-tree
Uruguay (pem)
Venezunin (ballvar)...
FAR EAST Indio trupee) Pakistan (rupee) Netherland East Indies Singapore Japan
Most of the countries of the region "are desperately poor, with a wide gulf between the
Hongkong and few very rich people
make a legions of poor who bare Hving In agricultural and pastoral pursuits".
the
910 you 1:531
-United States.
Singapore Rubber
"Futures
exchange unofficial
Jacket morning at the following ratce:- Sterling note (per CJ) K***
London, August 14. Japanese Bands ́looka Sharp tumble at the open- Ing of the stock market to day
the naws that Ituesia will take hand In the Japanese peace out!- forence. 1024's fell 14 to 174 sterling, 1930%. 271⁄2 to
102 sterling and South. Manchuria loan-specula- y live favouille-fell 2 to 77 sterling. There was some buying, at this point, but little Kains showed stability,Unlied Presa.
RUBBER SHIPMENTS
TO RUSSIA
Page
R. I. Le
ROYAL
Dale
In Port 12th AUR
2811 Au
Lat Reps. ath Nepli „Din Sept.
2114 Перв
toth Aug.
28th Adr.
28th Aug.
30 Aug.
4 Sept.
·T2h-Rept
110 Rept 23rd Sept.
Data
Washington, Aug. 14. Shipments of natural rubber from South-east Asia to Russla almost tripled in June, while shipments to Communist Chine plunged from an average jof 13,500 tons monthly to 50 tons, the Commerce Department re- tack ́ Aus. parted today.
16:ts. Aug, ! 16th Sept. June Russia received
Alia Bapt. 1,800 tons of natural rubber and week Ort. compared with an average of i 3,000 tons in the first five! months of the year, according
17 Rept,
an 2nd week Ört.
to the Department's estimates, 18th Aug. Department offeints explained 21st Au that the rubber received byld Sept. Russia in June included extraordinary 6,600 tons from Malaya. They said this ship- ment was contracted for in the Brst
week of May which provoked the British embarga
further shipments Malaya to that country,
on
from
They said the enormous drop in shipments to China was due to the British embargo In May from Malaya to on shipments that country, The 60 tons re- ceived by China in June was from Malaya. It was contracted for In May just prior to the embargo order.
The officials said the remain- ing 4,000 tons of natural rubber. received by Rusda in, June came from various places other than Maloya, including Belgian and Dutch possessions.
that
The Department's figures show hat for the first six months of -1951,
Russla imported 28,600 tons
rubber. This 10 of mtura! total is only 1,000 tons more than her total imports in the first half of 1950. Except for the June shipments. Russia's aver- age monthly rubber import has been considerably lower than 1950. United. Press.
NY Cotton Futures
New York, Aug. 147- Cotton prices gave ground persistently after n hesitant opening, finishing at the low's for the session. The list showed losses of 22 to 28-points. The failure of the government
weekly Crep summary to particularly emphagisa the Texas crop situa- tion brought a flood of liquidn- tion
by recent buyers at the close, But most of the offerings through the session were coupled with
hedging either against new crop ginnings or additional pur- chases out of the government's pooled stock-
Prices closed as follows:-
COPRA OFFERINGS Secretary
Senator Burnet Maybank, De- 27.00 mocrat, South Carolina, said he, Richard B. Russell, 1.771 Senators 12.925 Democrat, Georgia, Allen
Ellender, Democrat, Louisiana, and others will meet with the
of Agriculture, Spot Charles Brennan.
to urge October three-point
to December programme.
March (1953) New York, Aug. 14. further stabilise cotton prices.
May Sellers offered copra at $185 Colton had dropped 12 cents a
July October Coconut oil was pound, partly as the result of per short ion,
December crob. roded at 13% cents a pound. forecasts of a bumper United Press;
Associated Press.
Manpower
Serious Shortage In Canada
London, Aug, 14.
The Canadian Government, faced with a serious shortage of manpower, are planning to charter ships for immigrants, and may take over Prices of rubber futures closed several vessels operated by the International Refu
Singapore, Aug. 14.
The study of the Philippines "The United States' poklical objectives are to maintain and sulphur outlools is a part of the general shift in offcial interest strengthen forces opposed to Soviet expansion in the region. in basic industrial materials, Our military and strategic
Experts pointed cut that call for strengthening objectives
Philippines coppe The military capacity of coun- expansion of
be specially in the
area which would Paduation would
desirable in view of ů Cistado push to ben the path of any
large-scale demand during the the South by the Soviets. In
ese U.S. defence programme.A today as follows: the long run,
neither these
Number 1 rubber, per. Ib. ends can be achieved unless present, copper imports from the
August អា condi Phippies are chiefly
September the Puget Sound
October Number 2′′ enlargement of Philippines on
which experts Number production
August love a ferable would prekroly
*
fundamental economic
tions
improved."-United
Pros
believe
#ser arca.
London Rubber be marketed chiefly in Japan Number
Futures
Londen, Aug '14. "
Prices of rubber futures closed
today as follows:+-
Number rubber,
September
Qufober
4314-40
45-4
431-44
42-424
Jafary/March (1052)
ອາລ
November
Celober/December
smelsing
Spot rubber, unbal Blacks creve ND. 1. 1 crepe
which
facili- August lies and an expanding nerd of fron ore for its sicel industry.— Unlied Press.
BLACK PEPPER
New York, Aug. 14,
The black märket ruled quiet today, Dealers reported a
14 -1:0 145:5-140 141-142-
New York
35.70 nominal
34.30-34.39
34.34-34.35
34.30
34.07
$2.00 nominal
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A. Attica, Mauritius & Ringapore Maravar, Java Paris A Stätápóre Straite & Belawan Dell
PSTRAAT ROENDA" 5. America, 8. -Atrica, Ningapore
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To
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Djakarta ESCIMVERTS Deli.
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"HOOGKERK”
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From
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SAILINGS
To
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Mania, Singapore & Europe /
∙KING'S. BUILDING #TELEPHONES: 28015@TU: 28017
[CIONISTAGENESIOLI CONNAUGHT Moyn, dag BESEN VR, BALLS
MAERSK LINE
FAST FORTNIGHTLY SERVICE. TO :
NEW YORK, BOSTON, BALTIMORE & FIĪĻADELPHIA, vịa
SAN FRANCISCO, LOS ANGELES AND PANAMA.
M.S.
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"OLGA MAERSK" M.S. "LAURA MAERSK'!
Aug. 16.. Aug. 30
M.S. "HULDA MAERSK"
Sept. 14
ARRIVALS FROM U.S.a.
M.S. "HULDA MAERSK"
Aug. 18
M.S. "TREIN MAERSK" M.S. "PETER MAERSK"
Aug. 28
Sept. 14
For Freight and Further Particulars pleasa apply to:
AGENTS:
JEBSEN & CO.
Pedder Building
Tel. Nos, 36066-9,
S. A. C.
United Pink Every TUESDAY is SAC DAY to BANGKOK
and DIRECT FLIGHT to RANGOON. BANGKOK/PENANG & SINGAPORE ON WEDNESDAY BANGKOK/RANGOON & CALCUTTA ON THURSDAY BANGKOK/SAICON ON FRIDAY.
Sugar
Futures
New York, Aug. 14. World sugar futures closed today two higher to two lower with sales totalling 95 contracts.
Contract No G closed today
three to five points higher, with sales totalling 137 contracts..
Prices closed on follows:-
Contract No. 4 (world)
September
March (102)
Contract No.
May July gee Organisation.
September Germany, Much as Canada needs and In
at Spot centres and Hanover are september seitlers, the Karlsruhe 1435-14416 prefers British
Immigrants Interviewing nearly 1,000 pros- January 1934 great majority of
week. Spot'. immigrants 136 137
Are likely to come from other pective European countries, dà they And there are 12 other immi- 12019-120!
gration offices In other parts 14316-15014 - have done ever since the war,
would-be
а
101 -101 Between January 1946, and of Europe giving their approval
tast
Britons to June, 102,439 arrived to make their homes Canada.
-160 -172 Unied Prep.
London Tin Market
migrants
to
7
P
In Canada, Other countries Canada's inbour priority. Is sent a total of 308,300.
for farms, eireraft, faciorica 'con- and mining industries. Steadily as Britons con- tinue to be outnumbered among
Higher
Wagci In Industry attracted thousands of those rushing to take part in the have Dominion's grent resources and men away from farms, which industrial expansion-the pro have become fewer, but more portion of Canadians who feel emcient and better equipped. KIGUER PRODUCTION they owe anything to "the Old
Farmers in conference a Country" becomes lees,
College told that between 1941 today at the Quebec Province almost one and 1946, there was a decrchae morning third of the population Carg of nearly 27,000 in the number
French extraction.
WERK of Canadian farms, and a de [crease of more than £wD: million 1,000 GERMANSA
Canadian Immigration De eerce in Zand under cultivation partment officials in London are On the other hand, agricul Dealing with thousands of in- turni) production has inerente
inch balf times singo quiries, but the departinent are two equally a busy elsewhere.
London, Aug. 14. polimited business for spot and The un market was firm this United Press.
shipment positions between 10 morning with turnover of 55. New Orleans Cotton available at $1.74
and 15. tons, Spot material was tons of which 5 tons wore for.
pound. cash. Eutures
September delivery held around Prices closed
official $1.7314 4 pound, August ship- and of the
weston ng follow ment business was reportedly Brat in buyer done, at around; 1.79 and Octo-Boot in, reliér -
Jitsiens clone: ber/December, shipment was three mentre tin, buyer quoted a så between :: 31.72, and Three-months tin,
Purines, dans 'at 11.75 pound; "an san ex-dock
Bettlement
བ
34,35-
1.30
In the
French-speaking populated | Ontario. - Agriċultural '
atoday
Cuf i werd
$1000
5.42
8,00 traded 6.00 nominal 5.00
6.09. 5.40
6.39 4.45 traded 5,35 United Press.
For full particulars, please apply:
General Agents:
SOUTH EAST ASIA TRADING CO., (SÍAM), LTD.
'69 Connaught Road. West.
Peninsula Hotel, Kowloon,
Booking Age
Tel: 24292 Tel: 56416
AUW PIT, SING'S TRADING CO., LTD. 10, Pedder Street; Tel: 26733
CHIANG HUAT HONG
340 Queen's Road, West, Tel: 36204
Pacific Far East Line, Inc.
Fast Regular Trans-Pacific Service
DIRECT SAN FRANCISCO, LON, ANGELES
Veraol
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#3, 14, LUCKENBACH”, HORORAR LUCRANNACHT "F. LUCKINBACIF
Ban
darl
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NEW YORK CHICADO DETROIT-TORONTO: BALGANDI ALIP AMRUTQAN &: CANADIAN CITIES
Arrives
For
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Nav
BATT
• Los Ange
Jor Angel
For full pardonines call Kulind Sinted Linen Co., Gèneral Agents, Queen's Building; Tais, SAIDE.