Page
R. I.
ROYAL
Dale
In Port 20th Rept.
30th Sept.
ist Oct.
5th ter dih Oct.
12th Oct, 13th Oct. 22nd Oct.
Ship
INTEROCEAN
ARRIVALS
TJITJALENGKA"
TJIKAMPEK"
"TAPMAN"
"STRAAT
MAKASSAR” "VAN HEUTS "TEGELBERO"
zirk Oct. 26th Oct.
2nd Nov.
TJIWANGE" "TRIBESAR" "TJIBODAS" "TJIBADAK" "TEGELUERQ" "STRAAT
1st Oct.
ard Ori.
ard Gel,
lein Oct.
1201 Oct. 14th Oct.
17th Oct.
211 Oct.
zail Oct.
4th Nov,
MAKASSAR"
LINES
From
Macassar, Jave Ports & Bingapore
8. Adrien Ringapore
Belawan Dell, Penang, xingapore &
Suljon
'Itolland (Stalden Voyaga)
JAPAN
9. America. 9. Afties, BluzaPOTR
Mi
Macer. Jays Torte & Singapore Гарап
Japan Parts
Java Parts, Macassar & Singapore Japan
Japan
SAILINGS
"TJTJALENGKA” **STRAAT
МАКАВЯЛВ" "TJIKAMPEK"
"VAN HEUTAZ"
"TEGELDERG" "TABMAN" "TJIDESAN"
"TIIWANGI"
"TJIHODAR"
"TJIÐAÐĄK"
"STRAAT
MAKASSAR"
To
Singapore, Java Porta & Machine Japan Porta
Anpan Ports
Singapore, Penang & Delawas Deli Japan Porta
Singapore, Panang & Belawan Dur Afanlik, Singapore, E. & B. Aftica
8. America
Ringapore, Java Ports & Sinensekt
Japan Ports
Japan Ports
Mania, Singapore, 8. Afrien
America
LA.
Ceneral Agents: HOLLAND EAST ASIA LINE
Dato
5th Oct,
11th Oct.
itth Nov.
ARRIVALS
Ship
From
"1100OKERK"
Japon
ARENDSKERK“ "AHENDSKENK"
Europe & Mingapore Japan
2nd week NOV. "KIELORKCHT"
2th Oct.
"OOOKERK"
184h Det.
"ATENDSKENK"
13th Nov.
"ARENDSKERK"
Europe & Singapore
SAILINGS
То
Manila, Singapore & Europe Japan Manjia
Manila, Singapore, & Europe.
KING'S BUILDING CULEPHONĽSIZOROLA STUBLAÐI
Request On EXCHANGES
Tariffs Granted
Geneva, Sept. 27. The 30-nation conference the General Agreement Tariffs and Trade (GATT) 10- day grunted by 24 votes to one, with four obstentions, a United States request for permission to all tariff benefits to Czecho- end sjovaklo,
It was learned that both the French delegates British and spoke in favour of the United States at the conference, which
is closed.
The declaration,
IN NY
New York, Sept. 27.
US$0.04-13/14 7.79-15/14
unofficial
France (mano) West Gorman Holand (guilder) Italy-oficia} Norway (krone) Portugal (escudo)
Deutebemark
145 uid 2.18 anted
2.70-0/16
2.767%
THE CHINA MAIL, FRIDAY, SEPTEMBER 28, 1951.
· Page
Empire Agreement Reached MESSAGERIES MARITIMES
Extra Rubber
For China
Oclombo, Sept. 27.
The Polish ship Mikkie- wicks has increased her Ceylon rubber cargo. of
which she is to take to
China from 4, Communit 485 tons to 5.455 tona.
This will be the first direct consignment of rub. ber for China since the General United
Nation Assembly banned the send- Ing of strategio suppiles lo China fast May-Renier.
Yugoslavia Flirts With Inflation
Belgrade, Sept. 27.
to
On Expanding Output
Of Raw Materials
London, Sept. 27.
25
Representatives of nine Commonwealth nations and over British Colonial territories, meeting secretly here, have agreed on plans for expanding output of certain raw material.
These plans were disclosed at a Press conference after a four- day conference by Mr Richard Stokes, Lord Privy Seal and Minister for Materials, who, as leader of the British delegation, presided over the talks. He gave the following news;
India will turn out more iron ore, pig iron and steel.
of
Pakistan will increase sulphur, to the Commonwealth and re-
the cognised
importance manganese and cotton output.
The Colonica, particularly Commonwealth producing coun- Maloya, will increase produc- tries Increasing their production tlon of tin and rubber.
of raw materials so as to meet the requirements of consuming countries.
Canada has agreed to increase ore, nor production of iron I ferrous
and basic metals chemicals. She will also divert
HONGKONG SHARE MARKET
WOR
SHARES DUYER, SKLLERS HALES INSURANCES
"I noted with satisfaction the Commonwealth that in all
(Our Own Correspondant) countries plans were well ad- In a movo furting with in-more, copper to Britain.
vanced for expanding supplies
Business done on the Stock flation hard-pressed Yugelavia
Australia has agreed to In of cortnin materiale which
Exchange this morning soon will boost wages general-
in particularly short
copper, zine, valued at $488,355. Noon quota- ly, abolish rationing and pro-crease its production of copper, were mote a bonus incentivo systom lead, zine, steel, and aluminium, supply including
tions and the morning's transac- tungsten, manganese and nickel.tions: Now an farms and in factorles
Zealand wüstep up
"In these materials, the Com- production of pulp, timber and elicourage production..
monwealth mado a substantia The action will affect direel-newsprint,
contribution not only in meet- ty the pocketbooks and dinner
South Africa, producers of ing its own needs but those of tubles
Communist of this
to increase the rest of the world as well. country's 17,000,000 inhabitants, gold. has agreed
production of phosphates, TC-
Nevertheless, a great deal more It is bound to reduce the value
be done, and is required to of the Dinar, now rated offcial-ned oll, and insecticides.
could be done, but the material factor towards achievement was the provision of capital equip- ment without which, in fact, no early incrense could be ob
is al-
ly at 50 to the U.S. Dollar, on Southern Rhodesia has agreed the world market,
to increase coal supplies and blueprint of the plan, com-transport facilities, and A blu
Yugoslavia's rendy doing so. pletely reshaping economic and financial struc- ture, has been under prepara-
19
It wHI mean that Northerntained. llon by Premier Marshal Tito's Rhodesla will be able to pro- economic experts for sixduce more expper.·· months. A final draft will be submitted to Parliament for rertain approval.
B
Some of its provisions remaln #secret but unofficial estimates huve ranged all the way from a 200 to 500 per cent jump in Da to offset basie
wages
increase In heavy extremely
bound food bills which is come with abolition of rationing of basle foodstuffs at low cost. Yugoslavia has been operating two-price system-a under a
market and a "free"
DETAILS SECRET
Southern Rhodesia will also Increase the production af tungsten, chrome and asbestos.
Production of copper and sulphur will also be increased in Uganda, and it is planned to produce more nickel in Tan ganyika.
Other planned
were:
increases
"It was agreed that arrange- ments should be made for the pracheal measures necessary for these developments to be pur sued in discussion between in- dividual countries.
Union
Underwriters
KK Fir
Docks. ETC.
K. Where
Dock ... --- Provident
S'hat Dock Wheelock LAND, ETC.
BK Hotel IK Land XD
MOM
Arriving
***LA MARSEILLAISE" ..Oct. 20 .....Nov. 11
* "LES OLIERES”
*"LA MARSEILLAISE"
OVONNAX"
"MONKAY"
Leaving
"Outward "Fór'.
Ort. XL Yokohama & Kos Herij 17
Oct. 23 Nov. 2
Ori. 23
Nov. 2
.Nov. 21 Nov. J
* passengers & freight
Homeward For
N. Africa Europe
Manila, - Raigon 'A'
Marselilo
N. Africa & Kurope
† freight for Saigon, Port Sald, Tunis, Algiera, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp &
Rotterdam.
Subject To Change Witbaut Natica
CIE DES MESSAGERIES MARITIMES P.O. Box 68, Hongkang -Queen's Building (gr. floor) Tel. 20061' (3 lines).
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO: NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vis SAN FRANCISCO. LOS ANGELES AND PANAMA.
NEXT SAILINGS ·
·
50 @ 755
149 143
N. P. Whart 0,00 7.05 0300
700
2000
M.S. "TREIN MAERSK"
Sept. 30
1000
300
8.00
M.S. "PETER MAERSK"
Oct. 16
19
M.S. "NICOLINE MAERSK"
Oct. 31
24
100 14.30
200 141
21
2007 28
ARRIVALS FROM U.S.A.
4 0.40 50 51%
M.S. "LEXA MAERSK"
Oct. 18
400 ft
000
M.S. "ANNA MAERSK”
Nov. 14
1000
Dec. 2
S'hal Land 1.05 UTILITIES
...... 16.30 15.60
100
16.10
1000 or 15.00
500 131
1800 GP 1
500 15
204
1000 0.65 1000
8.68
800 8.00
500 $15 -1500 £ 8.40
Pedder Building
1
Star Ferry
C. Light (0) 8.40
C. Light (N) 51% 5.45 68 1 5.40 2000 5.40 1000 3.40 1000 3.40
CAPITAL NEEDED
"The meeting recognised the need for continued and increased supplies of capital and other essential goods both for the cconomic development of Com- monwealth countries, having re- More cotton from British gard to their, diferent stages of West and East Africa and the development, and for stimulating which they op and
Sudan, and more copper from the contribution variety
could make towards Increasing British East Afrien Government-issued coupons en-
Mr Stokes did not give dosyppiles of raw materials. large holders to titling their
"It took note of the fact that price reductions on goods pro talla of the target figures för
the That projected increased production
limitations which duced by State worker,
progress of rearmament various periods for the maxi includes almost everything ex-plans, nor did he say what the
present shortage cept food grown by independent mum implementation of these and the
mum
The details are certain materials imposed upon
the United Kingdom's exports INDUSTRIALS
peasants,
a
of
would be, secret.
Canada (dutlari England-ocial
30-day futurex 90-day futures
Australia (pound) ....
1.22
of
New Zealand (pound
2.2012
un
South Africa (pound)
2.00
Belgium (trana)
0100
Denmark (krone)
1455
.0025**
4.25
2630
.110074
.1100
.0348
Spam perola)
0265
Sweden Ikrone) Switzerland-free
.0035
2407
MIDDLE EAST
Icon triati
Egypt (pound)
1.0812
03123
(dinar)
2.01
Turkey (ra)
5375
LATIN AMERICA
Argentine-mcial
0710
problems
-Brazil --(oruzeiro).
Bolivia (bollviano) Chile-free
0150
of supply and demand.
interest.
0100
Columbia (preso)
4024
a
In change
Cuba peso) ...
1.00
of the for Dinor for foreign currency
the value
Mexico (perDI Poru-free
3155
two reasons:
Uruguay peso)
.4073
Venezuela (bolivar)
2003
FAR EAST
India trupee)
Pakistan rupee)
adopted by both frees the conference Czechoslovakia and the United
States from their mutun Agree
tions under the General ment by which all member na- automatically enjoy the -tions-
tariff benefits of
concessions ted by any one member to granted another.
A
Speaking after the vote, Mr Tauber (Czechoslovakia) protested against the conference's ticcision.
H Government would not
its validity continue
udmit
and they to grant most
nation privileges
to Hongkong Singapore
Netherlands East Indian
the United States.
Mr Willard Thorpe (United States) declared that he did not wish to be drawn into a political discusion and considered the maller closed.-Reuter.
CAR
OUTPUT DECLINES
Detroit, Sept. 27,
this vehicle output Motor week will drop to 107,882 units. Automotives News estimated to
· day.
Japan
DINAR'S VALUE.
In a double-barrelled
despite
the
C. Light (B) BIG DAD (132 k+ #015
200 @ 2.40 380 4 8.30 500 @ 3.30
of
Electric X.RTS 21 2144
(Rights) 10% Telephone
230 à 213%
100 m
་་
100 1413
Mr Stokes said that various in this field the United Kingdom move, Ministers and representatives hoped to maintain these exports the new plan is designed to slay had also had the hydra-headed coupon mon- bilateral ster and restore Yugoslavia to a cussions outside the conference one-price financial system based on various supply and produce ingineral terms, upon the law tion
t is obvious this will require
away
2103
2030
.1735
3040
3303
300 yen to $1 United Pres
Weekly Bank
Statements
London, Sept. 27.
The Banic of England state- ment for the week ending September 20 reads as follows: Notes in circulation. £ 1,348,903,000 Publie deposits Private deposits Government securities Other securilles Bernipts
The decline from last week's 120,427 vehicles will result the closing down of as- sembly lines by several of the Bank ratio
from
car
makers. The trade paver
counted 81,912 cars and 26,070
trucks in this week's output.
Overall,
Automotive
News
reports, the Industry fell about
17,843,000 381,030,000 310,033,000 45,150,000 B2,419,000
United Press.
'BANK OF FRANCE
Parls, Sept. 27. The Bank of France statement
of
mutual
inculties were likely to bear
want
1000+
1514 13.00 200 13.00 100 13.80
Cement
10
STONES, ETC.
Dalry
WALOm
....... 17.10 17.38 500 1.33 1000 à 17.55 ..... 2115 20 130 Crowford 2013 2012 2000
300 #
800
COTTONS
2,00
1300
3
more than 20 at the 1050 level.
tip- .and separate
"It was also noted that the present
supply causes of
less heavily upon the exports consumer of United Kingdom goods, supplies of which In Common- parts of the many
im- ussisted in the
standards in-
"Arrangements were
agreed upon for the fuller exchange of information and for facilitating the deliveries of United King- dom exports to Commonwealth countries," the communique concluded,.
EWO
M.S. "LEISE MAERSK"
For Freight and Further Particulars please apply to:--
AGENTS:
JEBSEN & CO.
NY Cotton
Tel: Nos. 30066-9.-
TO TAKE
Runs Into LESS FROM
Opposition
New York, Sept. 27. -The cotton market ran into the suffest opposition since the started a fort-
bull movement
night ago,
But at tho
close the market
was very steady,
dealer was active with estimating the volume at upwards of 400,000 bales, com- pared with €32.000 bales done on Wednesday.
The Rubber determine
Markets
Prices
London, Sept. 27.
JAPANESE
Osaka, Sept. 27. Australians will buy less Japanese goods during the coming months, in the opinion of Japanese ex- porters here.
Since last January, Austra-
imports from an
Japan generally have been on the in- crease, umill recently, when they began to decrease rapidly.
2
Japanese exporters here sald
cutbacks
now
Australian
Market experts are trying to whether the "un" has come or whether prices are merely in the process of con- purchases from Japaat were solidation afler five days of most notable in steel and fron products such as galvanised exclled advances.
sheet iron, which the Yawato- Some observers felt that to Iron and Steel Works offered to a natural sell at the reduced rate of $315
ciny's
reaction
is
of rubber futures technical development,
"GENERAL" AGREEMENT
An
communique, wealth official on behalf of the con- provement of living alinost cer Issued (1) The plan
ference by the Treasury tonight, and served as a necessary tainly will bring an increase in
and frighten stated that the purpose of the centive to production, prices generally
WIS to exchange trade the country conference tourist needs unless exchange rates are news and ideas on the prob
Iems that faced the whole revised; and,
(2) Since most of this coun- Commonwealth on the produc- ry's foreign trade is based upon tion and exchange of both raw and manufactured goods, the materials on exchange of increase in prices will require & goods. revision of the Dinar's purchas- The communique said, "The
Mr Stokers bid the Press con- closed today as follows:- ing power in markets where the meeting agreed that if its efforts
already has
to provide standards of living ference that all the delegates Number rubber, in cents stabilised.-Associated Press.
inside and outside the appreciated that the raw ma- October
were not to be terial and capital goods problem November Commonwealth
equally im- was a long-term one, impeded. It was portant both to ensure the con- He added that the conference January/March (1052) tinuous development of supplies | had not been convened of traw materials to keep pace prices for raw materials. with the expansion of industrial capacity and to maintain a free Bow of exports of capital goods and other essential manufacTM tures.
currency
been
Food Index Up In U.S.
one
both
NECESSARY ACTION
the
per lb.
December
October/December
April/June
to fix
+
Number a
Dolaber
November
September Number
Beptember
47:49
4844-47 45+48
of the
The market opened up 12 to per ton FOB Yawata.
points, It
dipped to However, the offer falled to losses of 12 to 35 interest Australian importers. maximum
same circles estimated The that monthly amounts of Aus- Aralian purchases from Japan tho January-August during
SU
3
4313-4212
Bpot
points to close 22 lower, to 1 point higher.. Prices closed today
follows: 4135-4214
October United Press.
December March (1952)
38.03 37.36
37.20-37.27 37.14 United Press.
period were as follows:
January
10,940 tons
February
14,948
March
23,070
April
19,935
Moy
20,791
rubb
rubber,
153-15514 1825-15
14044-10015
144-145%
1381-1301
Grain Exports By U.S.
June
22,217
July
24,597
-28,62) 4
-United Press,
18445-10512 110-116
SINGAPORE MARKET
Singapore, Sept. 27. But he said that it was neces Prices
rubber futures of sary to stabilise raw material closed today as follows:- at reasonable prices so as to Number 1 rubber, per 1. New York, Sept. 27. "It was generally agreed that
Beptember [prevent infintionary tendencies, food Wholesale.
prices, as the International Materials Con-
and promote more orderly buy by the Dun and farence (at Washington) was do-avoid "smash and grab" tactics measured
work in carrying | ing. ... Bradstreet Index, edged slightly Ling valuable 13.1 higher.
index advanced out the, functions for which The
Ho .assured and that it should
visiting Number one cent to $0.78 and compared was set up
und continue to receive the support Ministers with $6,61 a year ago.
representatives
September British the of Commonwealth countries both that the
Government Anot rubber,, unbaled- Agure represents Tho
in
co-operato in the im- Black crepa arranging measures for doal would total cost at wholesale of
No. 1 palé crepe pound each of 31 foods in gen- ing with current shortage and plementation of the conclusions allocation problems and for such reached by the conference and eral use.
Index
that the work of the of $6.77 other matters as might be agreed added Last week's was the lowest since last No-o be appropriate.
| conterince_now really began. Ten of the foods vember 20
"Pakistan and Ceylon, not
He disclosed that sentor: Bri- were higher in being members of the central| represented wholesale cost this week corn, group or of any
Comish representatives would short- or the vyo, cats, barley, hans, lard, modily committees of the Inter-y make visits to various Com- monwealth countries and areas and national Materipla 132,000,000,000 butler, peanuts, currents
expressed no views on this sub about implementing the various 507.406.579.146 hops,
for praduation or pians wheat, ject. 1,742,031,520,000
lower: Five werO
crensed production of several sugar, cocoa, eggs and steers.
etrategic and source materials, Associated Press.
Mr Stoker stated that this
31,000 short of attaining its for the week ending September third-quarter quota of 1,200,000 20 reads as follows: passenger care.
For
cars
currencies
191,448,070.920
230,085,662, 351
Total gold holdin, gem the first nine months of Total of ather this year,
the paper rays. 4,268,858
and 1,130.787 Sight balance trucks were built. In the like Advance to currency
riabilisation fund perlod last year, 4,991,228 care and 1,007.080 trucks were pro- Dille discounted in France duced-Associated Press.
Slow
Market In Pepper
abroad.NCL
and abroad Notes in drculation Current Accounts and
deposits
150,827,771,503 -United Press.
Textile Market Improves
New York, Sept. 27.
The cotton textile market dis- played a better tone today. The
Japan Issues Mixed
Conference,
PRICE FLUCTUATIONS
In-
JED-163
United Press,
LONDON TIN MARKET
London; Sept. 27, Prices of Un closed today at the end of the official morning session as follows:-
pottin, weilera #pol tin, buyers
wore Three-months Three-months
Settlement
tli, · buyere, 1230
allerg
020-010
*Unlied PreEK.
Exchange Rates
Binen
י.
Washington, Sept. 27. The Agriculture Department
today.
United the reported States
103,410,000 exported bushels of grain and grain pro- ducis during July and Augurt.
In the Enme months last year exports totalled 05.137,000 bushels.
Wheat made up the bulk or the shipments, toiniling 74,012,-. 000
bushels
compared with
August
Quicksilver Prices On
The
Increase
New York, Sept. 27.
Quick liver was quoted...'at
33,140,013 bushols in a like $216-8220 a flask (70 pounds): period a year ago-Associated on Wednerday, an Increase of
$8-810 over P
late lon Press.
wock,
Sollers zaid quicksilver_salds Thad improved
markedly during the past two wicks and that as prices firmei some offerings had been withdrawn from the markot by holders speculating Tokyo, Soph 28, on "still-Nigher quotations, Hisato. Ichimada, Governor of Substantial resale amounts the Bank of Japan, today pre- which had been a drag on the
JAP BANKER'S FORECAST
dicted that the export of Lex-market for some time now have
"It was agreed that in the in- terests of the attady, and long-was the first time representu-unes done at alan yil nit terin expansion of raw materials tives of Colonial areas production and of maintaining present at a conference of this Businew done s sound and stable
economy in nature. New York, Sept. 27.
* Though they wore advising Mr both producing and consuming Spico dealers reported a slow
there was need to John Dugdale, Minister of Countries situation in the pepper market
avert violent price Ductuation State for the Colonies who was Now York, Sept. 27, despite firmer cables from Lon.
the numbers of the don and India. Dealers sold
Japanese bonds were narrowly This applied not only to
but also quiet prices of raw materials
tiles, which consituto more been liquidated, other sources thure of most people hold to the side sharp advance in cotton caused mixed in a relatively
of manufactured goods delegation, several of them
than 50 per cent of the export said, and Japan recently bought dollar section of the develop sono mills to ruine prices. In- foreign. lines, awaiting new
The
range of prices and purchas spoke on various supply and wholela
list, might show a declino in
about ments,
werd quiries from buyer, secondokya tertric Lights dropped ing arrangement should be much production problems in thels once per 15.1 pepper was avaliable at and at the, same: une second- Spot
world production xpected to
fox put the re-opening $1.10, October delivery at $1.09, hand offerings tended to dry up. th on the sale of 30 bonds, would encourage long term own territorios, tijelu Vellar) Umm, 13
In the US. corporation section production without discouraging Anxieties about various indane uilders (per 100) -..
bilateral trading arrangements Unsspores (8) Waits)
He made this statement at a oliom high,coat ...domsačku... November at, $1.67 and Decom-
· Pakistans "rei. consumption. The wool goods market con- most prices declined.
The post. between » British bor at $1.05 a pound, on an ox
and other rice plistreer (per 100) 44,17.65 meeting of the Japan Chamber mercury-niirits inclitornin quint but sentiment United States Government | presentative
Commonwealth countries, were more and state park
of Commerce and Industry. Texas and other Western She dock basis. In the shipment tinued
The heavy chemical Industry which ordinarily cannot compete market, December delivery was among some dealers was moro issues armed somewha!" "in late
London. 27 would come to the fore, ac #gainst nippiles fromsilly an downward trans in avidenco a January at $1.04 and January in raw wool markets abroad.
The financial Times: dally, In-cording to general indications. Spain, the angler, world'
United Prest. February-and-January/March at The raren goods marin was the last one eations related combifier of increading sup for stabilising price levels werd
dox:: 184.8mhasociated Press. i piles of raw materials available made at the talk $149,-Jaited Finsk,
gluggish-Amrocisted Press
་ ་
Electrie:
his
on
Indicated: at $1.57, Decémbar/. cheerful based da; a better, tone | trading to tosint the conplatent LatskelleKOTIINKATOviewed?' the No: "cut: and dried", prODOBRÍA,
wis done: “in the lineal axchanie, market this
(21) MILAN 16.4%
future beccuse for Increased | Rd, Igbo M
more