MESSAGERIES M
Arriving
**LA MARSEILLAISE" ..Oct. 20
"LÊS GLIERES”
"OYONNAX"
*LA MARSEILLAISE”
"MONKAY"
THE CHINA MAIL, TUESDAY, OCTOBER 9, 1951.
MARITIMES Malaya Rubber Effect Of Persian
M
Outward For
Leaving
Oct. 21
Vakakama
* Kobe
Nov H
Nov 10
Homeward P
24
Cel
Nov 2
25
Nov. }
N
Africa & Europe Manila, Baigor
Matrelles
&
NDA
Not
24
N Africa & Europe
* passengers & freight
1 freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp &
-
Rotterdam.
Subject To Change Without Notice
CIE DES MESSAGERIES MARITIMES
P.O. Box 53, Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
M.V. "LA MARSEILLAISE"
12 days roundtrip
to
Exports
Singapore, Oct. 8
Of September's total rubber exports, amounting to 81,910 tou, only 1.4 per cent ar 1,130 tons went to the Iron Curtain countries.
The Austria goi 250 tons. United States, usually thr biggest buyer, took 11.208 behind the tons, ranking
United Kingdom with 28.- 134 tons. - United Press.
HONGKONG
SHARE MARKET
(Our Own Correspondent)
Busines
Exchange vnited qurations trnsactions
BANKS
HK Bank
INSURANCENS
CATH
on the Stock morning was $986,707.50. Noon
and the
定)
morning's
Developments On Oil Companies' Prospects
By NORMAN CRUMP
The grave news from Persia makes it clear that both the Persian oil- fields and the Abadan refinery will for an indefinite period cease to make any contribution to the world's oil supplies.
The deficit can largely be made good, although there may be temporary shortages of aviation spirit and fuel oil. In particular, we in England will have by the end of this year a refinery capacity of 20 million tons, against Abadan's 25 million tons.
Broadly speaking, the disappearance of Per- sian oil should bring new business to companies operating elsewhere, and so in the long run they should not suffer.
In the short run,
dis-
Peking's Trade Claims
Dato
In l'art
In Part
in Port
Dae
Ship
"TARMAN"
-
"TEGELBERG“
“VAN HEUTSZ"
TJIWANGI"
--TIBESAR
"ТОВОРА"
**TEGRLBERG"
ABRIVALS
in Pari
16th Oct.
19th
Oct.
23rd
Get
24th
Oct.
*TJIBADAS"
10th Oct
“TIVVALENGKA“
2nd Nov
Ah Ed. 10th Oct. 17th Orl.
17th Oct.
21xt Che
ZZ
Oct.
20th Oct.
3rd Nav.
4th Nov.
per
San Francisco, Oct. 8. China's exports exceed-
cent, Peking Radio report. ed tonight.
from the
however, the operating companies have SHARES BUYERS SELLERS SALER some of them will be affected much exploration work to do, and I ed imports by 9.34
further meet with by the disturbance, which may may
Still, if all goes in involve them
non-appointments. extra 1900 - recurrent expense.
well, the Finance Corporation for Industry's loan should be repaid There is no prospect of any by next September, and it will decline in the world demand forthen be easier to judge Ultramar's
The Korean war and earning capacity. armament
the by
Western
My din
final note s on Mexican nations have made that clear
Eagle. Here
Here the shareholders are Again the normal economic pro- being gradually paid off. As the
of the world, which is
amount still to be repaid is com now being checked by rearma fortably in excess of the shares olment.
would, when resumed,
demand present price (279, 3d.). these adequate A13
shares have an obvious appeal to sur-lax payers.
تریش
дека
1920 10
Carton
239
Unter
743
Underwort a
470 4.70 800. (650.
+30
HK Pu
SHIPPING
Asia Nus
19
BON
DOCKS ETC
K
Win!
TOX
203.
300
NP What I'
10 000
B, 1
18.
10
19.
352-lock
30 31% 8200 ...
38
Sailing from Hongkong
1000
30
LANDA EA
201600
12 (1)
Back in Hongkong.
Friday 2nd November, 5 P.M.
HX 1+k!
33.
500 42
10
1000. 52
S'han
lumpar PTILITIES
: AAA
| 90
MANILA and
JAPAN
Sunday 21st October. 10 P.M.
CIE DES MESSAGERIES MARITIMES
Queen's Bldg.
Tel. 26651 (3 lines)
Britain Calls Empire Talks On
Dollar Crisis
London, Oct. 8.
Britain has invited all Commonwealth coun- tries to London on November 19 to prepare for a Commonwealth Finance Ministers' conference on the Sterling Area's critical financial situation, an authoritative source said here today,
The Parliamentary talks are expected to last for about a week.
EXCHANGES
IN NY
New York, Oct. 8.
Canada (dollar) England--nflcal
unofficial
30-day futures 90-day futures
Australie (pound)
New Zealand (pound) South Africa (pound) Belgium (trade)
Denmark (krone)
France
(franc).
West German Deutsche-
mark
.....
Holland (guilder Italy-official
Norway (krone) Portugal
US$0.947,
2.79-15/18
2.42 bid -
2.75
2.777.
z 21
2.7
2A0%
0199
1459 028-8/35
גן
The conference of Commun- wealth Finance Ministers would
in London probably follow January next Final arrange- ments will be made after the re-
The sults
British general elertinus are knoway on Octobe
President
ונה יד י
cnsure for oil 250 m
This should make the oll in- ustry a sound investment. Bu! still. oilfield can
stand Money must always be spent on 2000 112, exploration, drilling and deve- lopment, and there will always ins be a certain proportion of dis
appointments. This means that an oil in its dividend policy
conservative!
16 1983 5000 - 10 9
די ולf
Star Ferry
Light
100
·
R
1 500
H
500 3 65 company must be almost to a fault.
N35 85 1000
500 m 2000
g
839.
5.20
2500
570
• 1.:REL
B
275 1000
4000 8 7
༥། ། ་།།
www.
500 G 22.35
FM
Teltplung INDUSTRIALS
Cement
500 2244
5002
Beman
21 145,
44 11 2030
165
113
Aught STORES ER*
Dalyv
Watist: 228 23
1. Crawfora 211 OTTONS
Ewo
3.30
A
800 14 541
2000 w. 17 An 2000 17.5 9000 18
50017 0
1250 23
The Rubber Markets
London, Oct. 8 Prices +1 rubbe future closed here today as follows.-
455-46 Spui
64-
November
December
January/March 11852.
April/June
July/September
--Baked Press
SINGAPORE MARKET
25.
The countries who have been Lasked
ofcials 10 the In find November discussions are India. Zen-
Singapore, Ock~~ Prices
rubber of
futures closed today as follows- Number rubber.
per October
November
December
135-190 13825-150 15336-1883%
Canada, Australla, New
land
South Africa. Pakistan 2.4 asked Ceylon and South Rhodesia.
of : The Sterling Area loss
worth of nearly $800,000,000 gold during the third quarter of this year disclosed on October 9 by Mr Hugh Gaitskell, Chan- cellor of the Exchequer, has fr exreeded the worst forecasts. The net gold and dollar de- Ingit of the Sterling Area dur-
the three ing
months Was actually $838.000,000 compared with a surplus of $54,000,000 in the second and one of $380,000,- 000 in the first.
Belated receipts of Marshall Aid amounting to $40,000,000
Impact
cushioned the
reserve which is
4.20
2830 .1106% .1400
(escudo)
0048
Spain (pesetaf
OZE
Sweden (krone)
0935
Switzerland-free
2290
MIDDLE EAST
Egypt ipgund!
2.08%
Iran (a)
03123
Iraq (
Turkey (law)
3375
LATIN AMERICA
Argentine officia!
0710
Brazil (cruzeiro)
.0050
to $3,268 million.
(boliviano)
.0150
COLOMBO
4000
1.00
.155
0650
1200
2005
.2102
.1768
3040
Bolivin
Chile-free
Columbia (pes0")
Cuba (peso) Mexico (perD} Pert-free Uruguay (pesoj Venezuola
(bolivar) FAR EAST
India (rupen) Pakistan rupee) Hongkong
Indonesia Singapore Japan
of the HOW reduced
PLAN
experts
The Commonwealth
and economic
their
Anance during November dellberations will review the Sterling-Dollar situation and draw up statistics for the ministerial meeting.
The Commonwealth Ministers last met in London 12 months
300 yen to US$1 | ago. ---United Pres.
NY Cotton
Futures
New York, Oct. 0. Prices of cotton futures closed, today as follows:--
Bpot
October
December
March (1923)
Megk
July
October
December
March (1939)
*** $37.00/.
37.06-37.11 20.55
26.18 nominal “United Preum, NEW ORLEANS MARKET
foot
27.10-31.14
The source said that there is the
a general idea to review the
progress and prospects of the £1,808 million, Colombo Plan for economic development
of South and South-East Asia.
Tentative enquiries
mentive
Plon
Dre
for n of the Colombo Plan's Committee being made but no plate or dates have yet been agreed on.
Since all the Commonwealth countries, except South Africa, are participants in the Colombo Commonwealth -the Finance Ministers may after in London their Ananelal
of the meet here as merübers Colombo Plan's. Consultative Committee. But the suggestion, is that the next meeting of this
Singapore-Heular.
1 talks
Number 2 rubber,
October Number 3 rubber.
October Number 4 rubber,
October
baled
Spot rubber. Black crepe No 1 pair crepe
Nevertheless. 37246323 (02-
panies paid higher dividends in t
they 1950 than
did 1949
in
The market, however, has al-
Ülese Trfccted
higher
trady
the prices
MERGER OF
BANKS IN
AUSTRALIA
Soviel
Im-
Imports Union during the year were 19,84 per cent of China's total foreign imports, the Radio con- tinued. By September this year they had increased to
44,7 per cent At the same time, porta from People's democracies rose from 1.37 per cent last year to 25.3 per cent this year. On the other hand, imports from "capitalist countries" which were 78.70 per cent in 1958, bad this year dwindled to 29.9 per stat.
The same
to the
trend applied to exports, the broadcast sald, Last year exports to the Soviet Union were 26.58 per cent of the total volume, 3.87 per cent democracies, People's and 69.55 per cent to "capitalist Countries." But since the be- ginning of 1951, China's exports The Bank of Australasia and: la Russia had increased to $1.51 The Union Bank of Australia per cent of the total volume, two of the leading to 26.43 per cent to the People's distributions. Since the end Limited,
banks in Australia and New democracies, and down to 22 1950 the average increase in Zealand. recently merged in per
to cent
the "capitalist oi! Australia of the leading
and New Zealand countries." about 25 per Bank Limited. The combined
The broadcast added that be- organisation began trading cause of the rapid expansion of Unierí operations on October 1, 1951, trade with the Soviet
democracies, after taking over the businesses and the People's and undertakings of the two China's export trade had, since My own feeling is that the merging banks.
the beginning of
this year, needs a yield of al
risen by 126 investor
per cent over Australia and New Zealand least xx per cent 10 com-
various Bank Limited has an authorised that of 1950. for the pensate bim
had been Trade agreements risks uttaching to oli produc- capital of £17,000,000 Engelgned with the Soviet Union,
£8,500,000 tion. Pergia has shown that Currency of which
Czechoslovakia, Hungary, the political risk of an invest-English Currency is paid
up Poland, Eastern Germany snd total assets exceeding A foreign country and
*** | Northern Korea. the Radio Cur ignored, be
though £400,000,000 Australian
The Head Office of the
shares has been
car. Yields today lie around fore. Ave and six per cent
NO QUICK PROFITS
was
ו'
I see nor is in London where there
ment
cannot apart from
Burma
sign
DI at present
similar Then there are two other branches, Trouble elsewhere.
ploration
work ad with the coupled exhaustion of the field future date
This means
that current
The
are the risks of abortive ex-main administration is located drilling in the General Manager's Office
and inevitable in Melbourne,
there are at some over 700 branches and agencies throughout Australia and New Zealand, and also in F
anyone
recalled.--Reuter
Cotton Crop Estimate
Both the merging banks have dating prices and yields are not such lung records of service,
Washington, Oct. 8. as to offer
a quick back well over a hundred years
The US. Agriculture Depart- Some proft.
oil companies, to the very early days of settle-
and in Australia however, are undoubtedly good ment
Newment on Monday estimated this long-term investments. Others Zealand. They have thus been year's cotton crop at 14,991,000 500 pounds Broas have possibilities which should closely allied with every phase bales of
to the more venture of the development of the coun- weight. appeal
tries themselves, and the story some investor.
zuela and
23.75
has
cent
pansion.
This is 360,000 bales less than
Wis
of their steady growth parallels the 17,291,000 bales forecast a fon the first group, the out the economic history of Aus-month ago. It is sharply higher
are those standing companies
Zealand ex- tralian and New
than last year's small crop of the
Dutch-Shell Royal
10,012,000 bates and compares This group
in-
ten- Australia and New Zealand very favourably with the 129-150 group.
over the world. Leresis 145-140
large stake in Vene Bank Limited will therefore be year (1938-49) average of 12,- including a
well equipped to 1000,000 bales, particularly
of
The increase this year trade and industry in the two recommended by the Govern- countries whose names It in- ment as a means of replenishing | corporates.
stocks which had dwitidied to a low level under the preparedness programme.
Supplementing the crop 2,200,000 Bales from previous
-17lding in Irac Petroleum Com-serve the expanding needs
1503-1061 111-114 157-102
United Press.
LONDON TIN MARKET
party
per Its total
net assets last £561 million, December were and their real value must be much more. Shell Transport Ordinary shares are a thorough- | ly sound holding, which should increase in value.
Japan Bonds
Still Boom
Grups
are
The Department said the in- Nor are Anglo-Iranian shares
dicated yield of cotton to the cver-valued at their current
adro was 284.7 pounds as com- price. They may have lost ther
pounds last pared with 209.2 London, Oct. 8.
ånd 245.9 for the ten-year Prices of in were very im ersian interests for a time, but their tanker fleet.
average. this morning.
London, Oct. 8. Turnover was 165 they retain
world-wide marketing organisa
Condition of the crop as of tons, including 60 tons for cash.
Japanese bonds gained from
at 74 tin, andirefineries outside Per-
normal compared Prices closed at the end of the sla. They also have a 50 per cent four to six points today con- October 1 was reported official maining session as fel-interest in the Kuwait Oil Com- tinuing a boom which has more per vent of
Kuwall production than doubled their value on the with 84 a year ago and 78 for ten-year* sverage.--Asso- pany, and for the first half of 1951 was London Stock Exchange in nine the
ciated Press. 11,100,000 tons, against Persin's months. annusi poduction of 32 million tans. Before long Kuwait may 945-033 well be as productive as Persia. this carnings Anglo-Iranian's United Press.
year are
to suffer fron the Persian crisis; the long-term prospects are very different.
TRINIDAD COMPANIES
1: WS:---
Spal tin, buyers
Spot un, sellers
Business down at
Three-months tin, buyers Three-monthe tin. sellers Business done at... Settlement
1.000 1,110 1.003 FM5 147
1.008
TRADE TREATY EXTENDED
sure
The Trinidad companies may
Domestic stocks were Arm after a hesitant start, Oils con- tinued the improvement.
Gold shares showed hesitancy with Investors awaiting deve- lopments tromk tree gold markets following Canada's de- cision to permit sale of gold on the free market.
stock?
The Francial Times' Tokyo, Oct. 8. appeal to the more venturesome. Japan and Spain extended They are doing very well, and index of London
one have a dollar market for their c 138.2, up 0.4. their financial treaty for year on Monday with an ex- at their doors. But the Trinidad
Japanese bonds oil deposits are becoming a little change of notes between repre-tricky. Deep drilling is
now
"A" (s. of 1808) Fontatives of the two Govern-
"E" (4 of 1930) ments, according to the Kyokio cesary, ind it is not every new well which strikes oft. Most
"C" (58. of 1907) "D", of 1984) The extension is to come into of the companies are following a
Conservative
reserve policy, and effect simultaneously with the have ittle doubt that they will peace treaty, Kyodo fald continue to find off. Markets “United Pres
offer many worse opportunities to the investor,
Lobitos, the Peruvlap company is also doing well, and at today's
Preks,
Committon, should take place at Exchange Rates prices the hares offers and
New York, Oct. B. Copra was quoted today at $100 per hörf-ton Fulked. Eb¤ðámut?.031 alquoted today Cat 6 14 cents a pound-United
Promi
Pakane yield, Venezuela; however, in the
Squtik Alterican olla, and
Too Large For Postmen
Washington, Oct. 8. The House today will consider a bill cutting the size and weight daily mits of parcel post packages was mailed between first class post offices. The motive behind the measure is to get the post once department out of the freight business.
742
60
112 80 1220 " (5 of 1984). Consols 65%Associated Prese and United Pregn
Wool Up Again
arkes game in today, prospering from one and Wool
Mares e insproved, how
22. The company learnin-unde
and paying four it lo
Fourth class mall (poteri post) yiek only a small part of the postal revenue, but is crowding other operations out of many post office. The bill is aimed at cut- ting out some of the large hard- to-hendis I packager. ** United Press,
London Silver Up
Abm pries of river increased by threepence per dos ounce today. Both, Boobs, kind Forward, were Iqualed at rid per dine oudice.
Unded Press
"STRAAT
MAKASSAR"
“TEQELBERG" -VAK HEUTAZ“ *TJREŠAR"
"TIWANGI"
"TNBODAS”
TARMAN
From
Belawan polt, Penanž, singapore a Balgon
s. America, 8. Afrien. Singapore a
Manlia
Japan
Afaçaonar, Jays Paris à Ringanora
Japán
Japan Porta
Japan
Java Porta, Macaskut & Singapore Macekar, javi Porta di SingapoER
Japan
SAILINGS
*TIBADĄK" "TIITJALENGKA"
"STRAAT
MAKASSAR”
General Agents:
Dele
121) Ont.
Ship
4pen Portu
TO
Slogapere, Fenang bawat Òpli Manila, Singapori, 'E. à' §. Africa
8. Amstian
Ringapore, Java Porin & Maenmar
Japan. Porta
Djakarta.
Burakala
Japán Perts
Semarang
Singapore, Java Porta & Machatar Manila, Singapore. 8. Atelia # A.
America
HOLLAND EAST ASIA LINE
ABRIVALS
**ARENDSKERT" 5th Nov. "ARENDSKERK" 2nd week Nov. "KIELDRECHT"
BU
社
Nov.
"ABENDSKEBK"
From
Europe & Singapore Japan
Europe & Smagupora
SAILINGS
Japan via Manila
*ARENDSKERK” Wintle, Kingspore, & Rurope.
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO: NEW YORK, BOSTON, BAUȚIMORE & PHILADELPHIA, via SAN FRANCISCO, LOS A NGELES AND PANAMA,
NEXT SAILINGS
M.S. "PETER MAERSK"
M.S. "NICOLINE MAERSK” M.S. "SALLY MAERSK"
ARRIVALS FROM U.S.A.
M.S. "LEXA MAERSK" M.S. "ANNA MAERSK” M.S. "LEISE MAERSK"
Oct. 16 Oct..81 Nov. 18
1
Oct. 18 Nov. 18
Nov. 80
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel: Nos. 36066-9,
PATTISON ORIENT LINE
LIMITED
*. *. "LAUBE PATTISON"
Due From:
In Port
Balla For
DIRECT to Pusan &
Oct Japan,
14th
Tel: 25346.
12-14 Queen's Road C.
Chinese Agents:
OVERSEA CHINESE STEAMSHIP CO., LTD. 48 Bonham Strand W. Tels: 26648, 26127 & 81119
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