Page
THE CHINA MAIL, THURSDAY, SEPTEMBER 6, 1951.
MESSAGERIES MARITIMES DANGERS OF
M
"MAGELLAN**
Artising
.kapt.
*"LA MARSEILLAISE”..Oct. 20
Y
Leaving
M
Marseilles
Fot
N.. Africa & Eutopi Kobe 4 Yokohama N. Africa & Europe
**FELIX ROUSSEL"
....Sept. 14
*"MEINAM"
.Sept. re
"OYONNAX"
Rept. 13 Rept, 27 Oct. 21 ..Ort. 23 Oct. 25 subject to change without notice.
passengers & freight
† freight for Portsaid, Tunis, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, & Rotterdam,
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
Colombo Aid Plan
INFLATION
Warning By Secretary-General Of UN
Encroachment Of
Of Armament Plan On Living Standards
India's Trade
Position
New Delhi, Sept. 5. India's favourable irade balance in regard to both the dollar and sterling Areas was revealed· In Parliament on Wednesday.
and
The Commerce Minister disclosed that Indian ex- porta to the dollar ares. during the half year ended June approximated 980,000-
impor 000 rupees 940,000,000 rupees. India's
to
sterling area exports the during the same period were approximately 1,980,- 000,000 rupees and imports 1,290,000,000 rupees, United Pres.
New York, Sept. 5.
Pago
R. I. L.
ROYAL INTEROCEAN. LINES
Date
In Pert 17th Sept.
tech dept
Mr Trygve Lie, Secretary-General of the United Nations, warned m 3th Det today that when the full impact of the war in Korea and rearmament made it off. itself felt on world economy, it might result in serious inflation.
In his antiual report to the General Assembly published today he Itth. Sopi. said that it was the general view that by performing its duty in accordance with the Charter, the United Nations had emerged with added stature ara spat from the test it had to face in 1950, World peace had been strengthened.. in o
Mr. Lic thought that it should be noted that
a section of the American public complained that
the United States had had to shoulder a dispropor- HONGKONG
tionate burden in Korea.
"The result has been tain Impatience
a cor-
May Be Reviewed MIXED DAY spallero with the Unit
Early Next Year
London, Sept. 5.
The progress and prospects of the £1,868 million Colombo Plan for economic development of South and South-East Asia may be reviewed in reliable London next January, according to source here today.
The British Government is understood to have made tentative enquiries from the other interested and Commonwealth Governments about whether it would be possible for their Finance Ministers or representatives to meet here in January to discuss the six-year Colombo Plan.
The source disclosed that noi dates for the suggested meeting had yel been fixed, but he said of the governments thpt some had already spproved the idea.
Replies from the others were being awaited.
Include
re-
Seizure Of Germany's Assets
IN NY COTTON
New York, Sept. 5. Cotton traders crowded all of the boy's action into opening and closing dealings. In flattened out with between that time, the market business standstill ut Prices coming
at the close, frequent long intervals.
nishing at the best levels after a shaky stars pushed values into
to B
rallied smartly
.1
the lowest levels in a month.
Short covering competed
interests for with inde reduced volume of offerings at the finish. Outside speculative interest, however, was limited. The Government' weekly crop mixed. summary report was The poor progress in Texas was offset by the favourable con- ditions in the main cotton belt. The market opened off 2 to up 2 points. It cased irregularly to losses of 2 to point. Then firmed at the close moving up 12 points from lows to close off 1 to up 4 points,
If the idea is agreed to by all the interested governments, their Finance Ministers or presentatives will meet here as of the Consultative membera
of the Colombo Plan. Committed States is
Tepic- The
Bonn, Sept. 5. sented on the
Consultative The Western occupation Other Committee.
members
on Wednesday non - Commonwealth Powers countries in South and South- killed German hopes East Asin which are participat- regaining control of
$2,000,000,000 May ing in the plan in an advisory estimated capacity.
worth of former German said that the The source
foreign
by pro- assets
law meeting was necessitated by
1.
which world
economic and financial claiming
since the Ministerial makes final the seizure of
the
Consultative such property for repara- of
London in
tion..
changes BLESION Committee
in
September, 1950.
The Committee last met on
34.24-34.80 34.30-34.33 24.42-34.44
34.39
of
Prices closed as follows;--
13.03 Spot October
December
an
October
March (1052)
July
December
Chancellor Konrad Adenauer an official level in Colombo in and other officials of the Bonn February.
SECRET SESSION
the
They
34.00
12.17
12.84
Urted Press,
NEW ORLEANS MARKET
Spot..
October
December
March (1052)
May
July
October
Government-thus-lost-their-long-December- running battle to get the assets back in German hands.
to offset the The Commonwealth countries hoped to use them
Rome $4,000,000,000 on the Consulta-burden of represented alve Committee are Australia, in external debts for which the West German regime. has as- Canadu, Ceylon, Indin, New
sumed responsibility, and. Pakistan Zeeland, United Kingdom.
South Africa does not parti- cipate in the Colombo Plan.
The September meeting in London was also attended by delegates from Cambodia, Laos, Thailand
The Allied High Commission announcement pointed out that the new legislation modernises and reinforces. the 1945 law.
Allied Control Council. That
የም
und
Vicinum, and
Burma from observers Indonesia.
owner asserling any right
from Ceylon, the India, Pakistan,
making any claim to Federation of Malaya, Singa-
such property. A study of the that it pore and British North Borneo new law will show and Sarawak technically put does not impose any new or their programmes, under the additional burden
upon Ger- Plan, into
on July 1.
muny, nor does it take any new properly, or Jeopardise Germany's. emerging reignty."
Both
Theth Finance measures directed against Ge
man
4.
of
בבטן
13.00 34.25-34.21 34.24-34.25
34.40 bid 23.04 bid 32.03
32,70, hid -United Press,
London Stock
ed Nations in some quarters of de United States," he declared..
There had also been Bome criticism in Western Europe, Particularly on measures adopt- ed with regard to the Commun- Ist Government in China.
"Nevertheless it remains truc the whole the United Nations' action in Koren hos been regaided by the majority ef people in most of the member States as being both necessary
that on
the
EXCHANGES
IN NY
Canada (dollar) England-official
ungficial
SHARE MARKET
(From Our Correspondent)
Business
New York, Sept. 5,
done on the Stock US OH-11/to
this morning WBS 2.70-15/16 Exchange 247 b/ valued at $907,084. Noon 2.80 Baked prices and the morning's trans- 2.30-1710
actions:-
30-day futures "DO-day futures Australia (pound) New Zealand
(pound) South Africa
(pound)
Belgium (trano) Denmark (krone) France (tranc) West German Deutchmark Holland (guilder)
italicist Norway (krona) Portugal (escudo) Spain (pere la)
and useful and as marking a turning point in the Organisa- tlon's history." Mr Lle sald.
The outbreak of hostilities in 1850, and the Korea in June,
snnouncements by they subsequent Intended to make considerable many Governments that increases in their defence ex penditures introduced into world economic outlook entirely new elements, the full impact Switzerland-free of which has yet to be felt.
"While the extent to which Feypt (pound) these programmes have mani-tran (ral)
Turkey tira) tested themselves in actual ex-
Latin America penditures by Governments re-
limited thus Argentine molat mains relatively
up) Brazil (cruzeiro)
Bolivian (boliviano) Chite-free Columbia (peso)
far, the rise in the prices of all types of goods, especially of primary products, has now be exert a profound in gun to
both upon national fluence
upon interna economies and ional economic relations.
BASIC PROBLEM........ "The basic economic problem of the period ahead is to contain the inflationary pressures result- ng from the great demands upon he world productive resources generated by the new rearma- nen!
programmes and to limit the encroachment of these
pro- #rammes upon the standards of living of the peoples of the world.
on
not
cannot imprindustrial
are
with
Sweden (krano)
(dinar)
SHARES DUYERS BELLENS SALES BANKS
HK Bank .. 1540 1550 GO GA 1830
INSURANCES
Unlon ...
760- Underwriters 410
135
10 1643
12350
Det
15th Oct.
·Data
Tu Port 17th Sept. 77th Ropt.
10th Sept.
Rept and sept.
ARRIVALS
Ship
"TJIWANGI. "STRAAT, SOENDA"
KVAN TEUTSZ" "THISADANE”.
TAIMAN "TJITJALENGKA” "VAN BEUTSZ"
· "TJIKANPERS "TEGELBERO"
From
Macarkar, Java Ports & Blogadore K. Ametien, 8. Africa, Singapore
Manila
Stralis & Betawan Bali Japan
Bilawan Dell, Penang & Singaporə Muessine, Jaya Ports & Singapore Janin
· A. Africa & Singapore
B..America. B. Africa, Bingapore.
DTRAILS.
SAILINGS
The
Aingapore, Java Poris & Macassar
**T JIWANGI" "STRAAT JOENDA” Japan Parts -
··*VAN-JEUT87"--- Japan- Poria -
#TJISADANE"" "VAN KEUT 877. "TJITJALENGKA“ *TJIKAMPEK” "TKOELDERO"
Hinkapócs, B.-Africa & 5`Amérlen Singapore, Penang & Belawan Dell - Singapore, Java Ports & Machssar
Japan Ports Japan" Porta
Agents: HOLLAND, EAST ASIA LINI
Rhip
*NOOOKERE” "ALMKERK” "HOOGKERK"
"HOOGEREK SE ** "ALMKERE” "HOOGKENK"
KING'S. BEILDING.
ARRIVALS
From
Enrapa & Singapore Japan Japan..
SAILINGS
То
Japan via Manita Manila, Singapore & Europe Manila, Singapore & Europe
TELEPRONES:... 280167-TA-LAAIT
2.50-11/10) 123
2.70%
2.8014
0199
1455
East Asia
..002536
4.20
1500 @ 4.10
2630
BK Fire-
$100
DOCKS, ETC.
.1405
K. Where
.. DOL
92 1300
0340
OZS
N. T. Wharf 650 612
,003S
Dock. ***... 14.80 13
500
1000
2300
700
Middle East
Provident 1234
2,53ja
1000
03124
600
2.31
5373
Wheelock #75%
LAND, ETC.
Hotel
0.25 0.40, 4500)
500
.0330
1000
800
.3165
HK Land,.. Humphreys
40
1014
200 13 4036
UTILITIES
4135
Tram XD.. 14.00
2008
P. Tram
P. Train (0) 19%
2112
Star Ferry
BT
DINO
C. Light (0)
7.85 1000 7.80
M.S. "LAURA MAERSK”. M.S. "HULDA MAERSK" M.S. "TREIN' MAERSK"
.1765
3040
M.S. "PETER MAERSK”.
M.B. "NICOLINE MAERSK” M.S. "SALLY MAERSK”
Cuba (peső) Mexico (peso) Peru-free Uruguay (peso) Venezuela (ballvar)
Far East
india Crupen) - Pakistan rupee) Hongkong Notherland
East Indies Singapore Japan
Intere
3301
300 yen
to US$
-United Prosi.
Air Fares May Be Increased
fare
...
C. Light (N) 4.80 4.95
C. Light (B) 75
Electric
Telephone
2300 14.50 200 @ 14.10
XD 13 1000
IND SATRIALA
Cenwend.... 1317
Rope STORES, ETC.
Dairy!
Waston
branch
The
D3
€200
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, TÍS
SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
ARRIVALS FROM U.S.A.
Sept. 8
Sept. 14
Sept. 29
Bapt. 14
Sept. 20
Oct. 20
2001.40 For Freight and Further Particulara please apply to:
1500 6) 13IS
1700101
1:00 200
AGENTS:
JEBSEN & CO.
4400 @ 1314
1716 1014
(101
101%
1000 10.75
-700 @@• V7-
20
2300 A 20.
-Peddor-Building:-
110047 20
209 @ 14
2.45
200'de 2012
Rubber
Markets
4074-4734
4524-40
4314-44-
The hoovy demands in the 4.42-34.43 United States of America for foreign goods has been reflected. in further increases in the gold 2nd dollar asects of other coun
indicating in return toward EXPORT LICENCES
balance in the foreign transe ons sf countries hitherio
New York; Sept. 5. La Crawford *** Washington, Sept. 5.
suffering from a steady pressure
Trans-Atlantic
nir passenger COTTONS The Commerce Department
their balances
payments. fares and freight rates will go up reported that inday
""But export
these achievements on October 1 if a new agree- licences covering 313,376 bales
should
be mistaken for ment of the International Air of cotton were Issued from insting improvement in
Transport Association is ap- August 20 through September national economic relations. proved
by the The indications are that with 773,- This compares
the cerned, the Association's Con. 417 balus licensed during the recent
is tem
announced here. two weeks.
The porary.
nations They will be the came passed by four-power preceding quantity
the
licensed
bound to be affected the those recommended by the joint law, the announcement recalled, during the past two weeks, 31 increased burden of armaments meeting of. I.A.TA. traffic con-1
for shipment to and nasociated inflationary ferences at Bermuda in May, and "prohibited a former German per cent
man the United Kingdom, 104,890 pressures and by the deteriora- but omiiting a 17-day excursion
London, Sept. 5. bales; Japan, 62.104; Germany, tion in their terms of trade."
during the first Virce 'Prices of rubber futures closed BACKWARD NATIONS months of 1952.
today as follows: 28,838; Indis, 23,100; France,
Dealing 21,834 and Spain 131,178.-
tho special
The basic trans-Atlantic tare Number 1 rubber, in cents
per ib. of United Press.
under-developed will be $385 for the one-way October question territories, Mr Lie said, "One flight between New York and November of the greatest problems facing London with variations for December the United Nations in the flights between other trans-October/December
January/March (1937) coonomie
and social field is Atlantic points.
AUTH/June Brithh Overseas Airways the vast and steady increas
There will discrepancy ing
between how charges $375, atrndards
round-trip, of living in the be provision for
off-season and other discounts. anch politicians
the
highly
----Reuter. developed countries and in the Fress bitterly criticised what
under-developed" they referred to as "belated confiscation.”
The London Stock Exchange people of which comprise some Snapping back against this was quiet but firm on Wednes- two-thirds the day before,. speech, A considerable misunderstand day.
Number à rubber, Chancellor of being," the
Commission by the
September long
New York, Sept. 3. Number 4 rubber, tatement stressed that under Exchequer, Mr Hugh Gaitskell, stantial past year has seen sub.
pro-Organisation toward .a warning that the arms
September World suger futures closed the long-standing Allied re-
Black crepe parations agreements "in point gramme will pose, new grave term solution of this problem."
A further development of today unchanged to lower, Spot rubber, unbaled economic problems for Britain
#25 a Gaman owner was
had with sales totalling con- No. 1 palo crepo. of
in outstanding significance ronewed interest deprived of his properly a long
boen
by the adoption
the tracts,
Contract No. 8 closed 6 to 7 The Commonwealth Finance time ago as a result of action foreign stocks..
Canadian Issues ware es Economic and Social Council of
lower, with sales, totalling 80 Ministers agreed in July, 1949, of foreign countries.United
A Very
resolution on extensive that some of the Commonwealth | Press,
pecially active,
contracts NA The Financial Times daily full employment.
men | Prices closed us follows: --," index.
"This resolutein, which was.
132.8 Associated
pro-
Contract No. 4 (word)) vides a basis of agredment, for
(January, 1907).
6.09 nomina1 March concerted international action
0.30 bkt NEW YORK MARKET
New York, Sept. 5. to maintain economic stability. Magy
July
3.23 hid Prices spuried in fractions to at the full employment level
DIED D point on the seek marks the culmination of much pot exchange with Industrials reach-
work over several January (1963) BAS preparatory ing new high in over 21 years.
years." Mr Lie said, Dow Jones averages at the end:
For the coming year. Mr Lie: May of the session stood as follows: estimated that the United: July
Ministers or representatives. after discussing the Colombo Plan, are expected to have secret session to consider sterling area's problems.
DOLLAR SPENDING One important
the
question that to dimusy is they are likely whethon the dollar relaxations made in some of the Common- area countries wealth sterling
should
Last
rovoked.
November There has lately been deterioration in Britain's balance of payments and in dollar and hard currency earnings.
nations of the sterling area should
cu: their dollar and hard currency
expenditures by about 25 per
cent.
High.
SOVC-
This figure was relaxed and SYNTHETIC IN expenditura November last year..
Iberale:d 111
the
This session, and when, it dakes place, with follow Commonwealth.... epnference on raw materials and manufactured Rods problems which is due to begin in London on September 24-Reuter
CHICAGO GRAIN FUTURES
GERMANY
Washington, Sept. 8. The Senate. Armed Services Sub-Committeo on Prepared- 10s has recommended restora- tion and expansion of Ger- many's synthetle rubber, pro- duction.
A report Issued by the Sub- Comumlites last Might Gold, "Western Germanynthetle So Chicago, Sept. 6. rubber should play the part in Chicago grain futures closed supplying the rubber neods of today mixed despite paport friendly nations and in hastcn= trade demand, but the remain Germany's pie returns to der of arding advanced ma
Wheat Clored 4.74figher to 214 lower and soybeand were
in
Dokmanya had developed
Grubber
Press
Exchange economically
London, Sept 0.
ao Industrins 20 rails
15 unties).
the
more
arcas,
of the
PIONICES
by
the
world's New York Sugar
Futures
the
Nations would require $40,600,- 900 which was, '
less
272.418 $480.87*
45.10
United Press,
the last budget,
NEW YORK BANK QUOTATIONS
Closing ban
Sept. 0.
than the gum inndropriateli. In
September
March
Contract No;^@.
-United Pines,
SINGAPORE MARKET
Singapore, Sept. 6.
Tel Nos, 86066-9..
BENTLINE
FAST SERVICE TO UNITED KINGDOM AND CONTINENT
BY
S.S. "BENALDER"
Prices of rubber future closed LOADING HONGKONG 8th SEPTEMBER
today as follows:
Nimmber 1 rubber, per 15,
September
October
November
Number 1 rubber,
September
137-107%
10512-150·
103-104
103-154
147-140.
142-143
15714-33831
114-110
173-178
DIRECT FOR SINGAPORE
THENCE
LIVERPOOL, DUBLIN, HAMBURG,
AND ANTWERP:
*United Press W.R. LOXLEY & CO., (CHINA) LTD.
LONDON TIN MARKET
London, Septerby
The tin market was quiet but steady. Turnover was 50 041 nominal 6.53 nomiasi tons, including 5 tons for cash) 0.30 09 -Prices closed at the end of By the official, morning, 'sension an 16 $30 ---United Prem COMPANY DIVIDEND
Beptember
Spot
follow
Spot.in buyers;
New York, Sept. 0, Spot tin," sellers
Businearitons at
• The Cuban-American Bugar Tresnonthe sing buyom in foreword to the report In Mr. Lo sald that he had Co. today declared a dividandirenthe tin, roserved his usual world review of $1.25 on cummon
festa. Eusiness, gone, at
Bettlerpent
ntil a data cearer the opening. Drynble, on Sept. 28 to bette at the Assembly's sixth seasons,total dividends for, the fecal Paris In November. Router year ending Sept 30 to $2.25, the same in 1930 when
Copra Quotations
11.20 was: alike. at the class Exchange Rates
of the
Fasulated Endividena of s
a
York Building,
Tel. 34165 & 88710,
PATTISON ORIENT LINE
LIMITED
24. GF "LÁURE PATTISON"
Bopt.
12-14 Queen's Road C..
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48 Bonham Str
Tel:-25840*