MESSAGERIES M
THE CHINA MAIL, FRIDAY, OCTOBER 19, 1951.
MARITIMES ECAFE'S PROPOSALS FOR
Arriving Leaving
*LA MARSEILLAISE“ .OR
"LES GLIERËS”
**OTONNAX"
M
Outward For
30
Oct. 21
Yokohama & Kabe
.Nov.
Nov, to
Homeward For
--Det 24.
"LA MARSEILLAISE"
Nus
Orl
Nov.
27
3
"MONKAY"
-Nov F Not. 24
passengers & freight
N. Africa & Ritope
Bonita, Balgon &
Marselles
N. Africa Europe
t freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp &
Rotterdam,
Subject To Change Without Notiro
CIE DES MESSAGERIES MARITIMES
P.O. Box 63, Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
M.V. "LA MARSEILLAISE"
will suit for
MANILA, YOKOHAMA and KOBE
FF1
Atlantic Freight
Rate
Increases
New York, Oct. 18. Freight rate Increases averaging 10 por cent wil go into effect next year on steamship jines operat- Ing 09
the Atlantic be-
South tween North and America
A spokesman for the companies sold the step Whe taken because of steadily rising operating costs. ----Associated Presa,
AMERICAN
TAX BILL
PASSED
Washington, Oct. 18.
The Senate today passed and sont to the House a new corn- promise $5,601,000,000 tax in- crease bill.
Smale passage by voice vote came within a few hours after a Senate-House Committee had made sight revisions in the
was rejected by the House or Tuesday, 203–157.
EXPANDING TRADE
IN ORIENT
Singapore, Oct. 18.
The Economic Commission for Asia and the Far East (ECAFE) trade conference of 28 nations Delegates adopted a and colonies ended today.
long list of recommendations for streamlining trade machinery and training salesmen.
Order To Railroad Company
Manila, "Oct. 18.
The Court of Industriai Re-
Government-owned Manila
The report of two conference committees de-tations today ordered the clared a build-up of efficient trade personnel is a Railrond Company to pay $88,- vital factor in expanding and improving commerce 000 to group of discharged throughout the Far East.
The report recommended that ECAFE countries seek the aid of the United Nations technical assistance programe, American technical aid, or that offered under the Colombo Development Plan to implement courses for training expert salesnen,
HONGKONG SHARE MARKET
The conference agreed that the slashing of red tape and speeding up of vises for busi- nessmen would stimulate trade. Recommendations for improv ing trade machinery included fuller marketing and distribu- tion of reports, the establish- Exchange this morning was ment of regional trade direc
Noon at $384,630.10. tories and the staging of more quotations and the morning's
(Our Own Correspondent)
Business done on the Stock
valued
Sunday the 21st of October, at 10 P.M. original draft of the bill which fairs and exhibitions with a transactions:
Passengers are requested to board the vessel with their Cabin baggage on Sunday the 21st of October between 5 P.M. and 7 P.M. Baggage Room and Hold baggage will be registered at Kowloon godown No. 50 (No. 2 gate, Canton Road Entrance) on Saturday the 20th of October between 9 A.M. and noon and 2 P.M. and 4 P.M. No baggage will be accepted for registration after this time.
CIE DES MESSAGERIES MARITIMES
Queen's Bldg.
P.0. Bux 53, Hongkong
Japanese
Trade
With P.I.
Manila, Oct. 18. Japan jumped into the No. 2 spot in Philippines foreign trade in the first
half of 1951, the Bureau
Tel: 26651 (3 lines)
EXCHANGES
IN NY
1'and doMari Roland—
It calls
for slightly smaller boosts in individual income taxes than did the measure the House rejected.
arc
BANKS
5 @ 1530 201530
perinanent exposition of com-SHARES BUYERS BELLERS SALES mercial products of countries in
HK Bank
.. 1825 1540 the ECAFE region.
East Asia .1231⁄2 INSURANCES
Undan
740 Underwittere
workers.
The Sum
Date
In Port
LIL
Ship
"TARMAN”
STINERARI "TEGELBERG"
STRAAT
ARRIVALS
MALAKKA" UTHTJALENGKA"
In Fort
230 Det
25th Oct.
30th
Oct.
2nd Nov.
13
9th Nov.
Nov.
"TASMAN "TJWANGI"
17th Ort.
23th Oct.
and
OCL.
Է
by
represents wage differentials, gratulifes unpaid sick leave claimed 100 employees who were dlɛ. charged earlier this year in a drastic all-round reduction in staff and expenditures as a re- sult of a deficit, in income.
The court on August 16 re- cognised the workers claim and ordered the railroad company to pay, but delayed action follow- Ing an appeal by the company for reconsideration
on grounds of insolvency.
The petition subsequently was rejected and the company was ordered to deposit the amount In court-within a period which expired on October 16.
The court this morning issued a writ of execution on "goods. chattels and any movable pro- perty belonging to the comm-
pany" following a motion filed yesterday by counsel for the
1.34 1.50 506 @ 1.30 employees to invoke the court's earlier decision Associated Press.
4,70
HK Fire
140
Agla Nav DOCKS, ETC K. Whart
100
N. P. Whard Docis
6.80 600 6.75
18
Provident
14
S'ha! Dock
Wheelock
4.75 6.10 3000 @ 5 201
Hongkew
0.20
LAND. ENC
HK Hotel
5.00
おす
The conference said the pos- sibility should be explored of holding meetings of governmen! That change and several other rade representatives to from outsTUPPING minor adjustments cut the summercial problems and to <stimated yield $41,000,000 afford all countries overseas below the original measure. Trade representation. However, the
bills 1wo alike in their outlines.
The House plans to act on the Democratie new bill tomorrow,
they had leaders there sud picked up some voles and were reasonably confident the measure would EN passed.--Associated Press.
Allocations Of Sulphur
Washington, Oct. 18. International Materials The
today Conference announced worldwide allocations
of
New York, Oct 18.
US$0.05-3/16
2.715/10 2.30 bit/sulphur for the fourth quar er 2.33 a eu of 1951.
unofleti
30-day futiaren 90-day futurea DYLANICINĀŠA ipound) New Zealand (pound) South Africa (pound) Denmark
Belgium Hraner
{erunci Founce (from)
of Census and Statistics West German revealed.
showed
The Philippines decrease in its total unfavour able ta uch balance with delles of $38,661,000 in the fra hall of this year as compared w aufavourable trade balance
(13)
Deutchoynark
Sweden (krone; Switzerland-free
The conferces also recommend- an ECAFE secretariat with headquarters in Bangkok, Thai-
and.
to assist the member- governments by undertaking commodity studies to assess the possibilities of creating markets
TRADE CONTROLS
new
For expanding trade, the con- ference
endorsed generally multilateral treaties as opposed to a bilateral plan advanced by Russia's delegation.
It declared efforts should be made to develop a convention for the simplifying of Customs régulations and procedures in all countries.
HK Land
S'hal Land
Humphreys UTILITIES
Tram: Peak Tran
(0)
Star Ferry
600 on 58%
3000 G6
1000 et 6
800 en 5132
2.03 2.15 4000 @ 2.10
11%
16% 10% 2500 ₫ 18%
2283
CLM (0) 8.38
95% 3000 m
50 m 112
C.
ht (N)
9.15 06.10 1600 @ d
9
9.15 500 830
23 400
C. Light
Electric
@ 239:
The conference report said STORES, ETC. there seemed to be no possibility
206 @ 21 14.80 19% 3000 @ 18
14 14.20 500 13.00
600 #14
20
17.80
-18 2200 # 173%
200 17.80
Goa Mining Project
Bombay, Oct. 18.
A Japanese mining company
an agreement
has concluded
the Portuguese with a firm in colony of Goa, 300 miles south of Bombay, for the mechanása- tion and development of the ron ore mines..
This mechanisation, estimated to cost £600,000, is expected to increase output from 200,000 ions to one million tons areal- ly.
Telephone INDUSTRIALS
Cement
Repe
Dairy
500 17.00
paper
The allocations, totalling 1.467,818 long tons, were commended by the IMC Com-strengthening of national mittee and were accepted
Watson Sinceres COTTONS
Ewo
Sub: 17.
***
3.10
30 @ 3.30
be
6.20
81 1700 € 5
re-
also
recommended
the аг-
1100 5.15
1500 6.10
by
Entertai ment
all governments represented on the Committee except Brazil.
They compare with fourth quarter allocations last year of 1,415,400 long lane.
The import and export quotas were set this year at 278.500 long tons which compares with 286,400 last year.
2.78 3.73% 2.18
2.70%
2.00
.03081
1405 .0028-B/18
4.20
Holand unders taly-melu}
2030
41009
Norway (kroner
.1495
Forlaget (excudo)
,0340
Spain (pereta)
0212
0035
2202
MIDDLE EAST
2.0014
:
2.81
.6376
.0710
0550
.0150
4025
100
.1155
United Press.
.0055
the first six Venezucia bolivar
.4150
.2003
FAR EAST
in the India (rapec)
2300
2030
.1756
Egypt (pound) Iran (la) Iraq diner) Turkey (dira?
of $48,967,000 in the same period last year, the report shows.
The report revealeri strong
LATIN AMERICA increases in the values of both Agentze-ohemi
exports and imports over last Braz (oruzeiro
Chile-free year's Brst half, and 1950 ex-
Columbia (psu) ports were $140,778,000 com-
Cuba pesoj pared to $243.605,000 in the sune Mexico (pesto period this year. Imports were Peru-fre $204,844,000 for
months this year compared to $129,743,000 last year
same period.
Uruguay (pes)...
Pakistan rupee) Hongkong While Japan's import and ex-
Indoorsia port trade with the Philippines Singapore was 17.19 per cent of the total, Japa compared to the United States
with 67.34 per eent, it WAR more than twice as much as any orer nation.
The
2940
Export quotas for the major countries;
United States 240,000 Jong Iona, compared with 250,000 last year: Italy 15,000; Norway
Mexico and
5,000- 18,500
WAGE
BASIC
INCREASE
.3305
30 yen to US$ United Prese.
The
of totally abolishing trade and exchange controls, but it urged the governments to cut work.
bltration associations to handle SCELLANEOUS trade disputes.
The conference suggested that the member-nations speed their own capital "development and freely exchange information on supply and den and for goods and wherever possible try new :ources to import what
ceded.
Philippine delegate S. R. endinueto invited the ECAFE trode experts
their to hold next
Manlin.- conference in
Associated Press.
they
Five Years
Ahead
New York, Oct. 18
15
300 @ 5.20
3rd Nov.
4th Nov.
20th Nov.
*STRAAT
MAKASSAR".
"TJBENAR"
"TASMAN" "STRAAT
Page: 9
From
Belawan Dell, Penang, Singapore &
Nalgen
Japan
Зарап
S.. Amerira, Africa & Singapore
Sneaksár, Java Ports
Japan
Japan
Macassar, Java Ports
SAILINGS
MALAKKA" "TITJALENGKA"
STRAAT
MAKASSAR”
“TJIWANGI"
TO
Singapore
& Singapore
Manila, Ringapore. E. & 9. Africa
& 8. Amèrica
Japan Ports
Japan Porte
Singapore, Java Poets & Merassar Maulla, Klarspora, 8. Africa 4. 8.
America
Kingapore, JAVA Potis & Маслянаг
General Agents: HOLLAND EAST ASIA LINE
Date
ARRIVALS
Ship
5th Nov.
PARENDSKERK” 2nd week Nov. “KIELDRECHT
"ARENDSKÉKK" Pth Nov. 2nd week Nov. "EIEŁDRECITI“
JEBAN
From
Europe & Singapore
SAILINGS
TO
Mana; Singapore & Europe kupan via Manfia.
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vla SAN FRANCISCO, LOS ANGELES AND PANAMA,
M.S. M.S.
NEXT SAILINGS
"PETER MAERSK"
"NICOLINE MAERSK”
M.S. "SALLY MAERSK”
ARRIVALS FROM U.S.A.
M.S. "LEXA MAERSK"
bo
M.S. ""ANNA MAERSK" M.S. "LEISE MAERSK"
The project is understood:
sponsored by the Japanese Govemment and the Supreme Command, Allied Powers.
Twelve of the 42 technicians
to be tent by the Koran Mining 250 151 Company of Japan to aid in the development of the scheme are expected to arrive in Goa next month.-Reuter,
Weekly Bank Statements
London, Oct. 18.
The Bank of England statement
for the week ending October 17
reads as follow:-
sfates in circulation
Publio deposits
Private deposits Government securities..
üther securities
Receipts
Bank ratio
€1,549,238,000 19,708,000 403,785.000
Britain To Buy Wool
London, Oct. 18. Britain will extend her stock- pile of Dominion raw wool in 350.281.000 the current season ending June 29.056,000 1952, according to on announce- 41,042.000 ment by the Ministry of
-United Prem.
BANK OF FRANCE
sendes
12.2
3,107,814,280 127,015,100,856
Paris, Oct. 18. The Bank of France statement for the week ending Ontobe: 11 Britain bas paid back, abou¦ ¦ reads as follows:- US$400 million borrowed from Total gold holdings Fra. 101 448,628,920
Wartime Reconstruction Total of other cur Finance Corporation nearly five sight balance years ahead of time. New York Advance to currency stabilisation fund papers reported today.
Bille discounted in
(France and abroad Notes in circulation Current accounts &
deposita
the Melbourne, Oct. 18. CHILEAN RATES
average basic
wage in Australia will be £8 sterling Santiago, Oct. 18.
frum the first pay periodin Chilean Government is November
under was accomplished attempting
a quarterly This trade
to simplify Its
cust
Increase of living through the medium of an foreign exchange rates in an
nounced today by the Federal agreement with SCAP Experts attempt to trease imports and
Arbitration Court. expect Japan's volume and percentage of participation h
exports.
an-
The loan, made in 1941 to finance armament production for Britain in the United States, had not been due for settlement until July
1956, the papers said. The increases will add an Collateral was given in the form
Philippines trade to jump sharp- The Chilean peso is subject to ly once the peace treaty signed several rates of exchange de-estimated £40 million sterling of various British securities held in September pending upon the type of pro-to the payroll of Australian in the United States, which have
in San Francisco
The basic werkers.
wage is steadily increased in value since The Ministry of Economics is based on the cost of living for the war.
three months as The earnings from thes? studying plans to eliminate most the previous
is ratlled and normal and duct imported or exported. diplomatic contact is 50- established-Associated Press.
PAKISTAN TRADE
Tokyo, Oct. 18.
Jiji Press said today that the
Japan-Pakistan Trade Agree New York Sugar
ment, which expired on Sep- tember 3, will be extended to cover the months of October through
December pending
conclusion be
new pact citer-V
tive as from January 1, 1952.
The news agency also cinimed
Materials.
mode will be Purchases evenly throughout the period and will be kept the programme
review under continuous the light of developments In the wool market.
in
In view of the relative small- 132,000,000.000 mess of the quantities involved and spread over grades and 583,694,149,178
it is not expected that 1.818.994,803,670types
the purchases, will cause any 167,608 300,440 | disturbance.—United Fress. United Fress.
Rubber Futures In London
London, Oct. 18. of rubber futures closed today as follows:-- Nunber 1, rubber, in cents
of these discrepanicles-United shown by figures gathered by securities was believed
Prices Commonwealth statisticians from been used by Britam to pay off Press,
wages paid to all workers the loan. under State Arxi Federal
Originally the Corporation had + pledged awards.
US$425,000,000 Di Britain used slightly less than Pay in various industries | US$400 million. Reuter. carried a fixed margin. whatever la declared a basic wage--Reuter.
to have
per
November
December
Jabmry/March (1992)
SOBER TONE IN LONDON
Futures
New York, Oct. 18. World sugar futures closed to-
to have learned that Japan had day 2 to 7 points lower, with
sales totalling 110 contracts. arranged to buy 200,000 bales of
Contract No & closed 1 to 11 Pakistan raw cotton during the three months to be covered by points lower, with sales totalling the extended pact. United 284 contracts. Presa.
Economic
Chief
Priecs closed as follows:-- Contract No 4 (world)-: Jenuary (1062).......... bað nominal March
6.10 bid May
September Spot Saigon, Oct. 18,
Contract Net Mr. David Williamson, G6 January (1922)
March year-old. retired: American foreign service officer, arrived July Here by nie” fodný charge of the United States: special economie ald mission, in Indo-China, No Me Williamson Fucceeds. Mr. Robert Barn, who
Beptember
to take spat,
Is rebuming to Washington s
8.10 bid
5.10 bid
OVLI
Peru's Cotton
Exports
London, Oct. 18::|
April/June
{July/September
New Orleans Cotton
New Orleans, Oct. 18. Cotton futures closed 55 to 65 47-48% cents a bale higher.",
4712-74 Close:
444-48
4 December
· 43 jam.
March
May
United Press.
BOND MARKET
tist: while most
0.10 bid 4.25
against "787,231 in the samend chalked up going?olgás much i dober tection Price changes perlock in 1950, according to 9.30-5.37 traded the Cotton Chamber of the o 5.42 bid
United States. 44 พ 6.34 bid
New York, Oct. 18. Declines predominated in the Corporate bond market today as New reports of disorder inmerous losses of a point or trading volume was moderate. Egypt dampened, buying, ardour Linia, Oct. 18. on the London Stock Exchange more were spread through the Peru's colton exports in the today, first eight months of this year
British Government bonds were fractionals of the gains totalled 799,230 hundredweight profitted by a steady flow of Japanese bonds were: Strd- hliber in the forelim "safety are investment money
ranged from down a point to up Industry and soll does were 116 on small holde Italian Issues
Forgian Bonds were were mixed belated Press poorly
losses through much of ther
The Financial Time Index of Louidor utocis was
0.57 nominal
United Pressk
Britain continued. As the best hregula opoffed, and closed
With
customer
$882,344- hundred- weight from January to August this year, UNFT S40,407; In the Hap same period.
Bol Jart year. Bel plum occipfodts: pécond
New York, Oct 18. with 98,10 Omar
pláca
rance
Prices in the needs and olla) were tha%2followford Tuntisen: "15527-Aapóciáted Fresko
York Block market picond
seline head of the Far Eastern market olowed today unchanged 44,830): India-48,818 melon of by the my Arnerican with the fallow location: 638, at 10ste dag water and fourth and
wiped out a minor thin lf Die
nge Rat
28.01.
30.70-77.
· 35.68 +07 15.10.08 July
28.00 bid October Spot cotton closed 75 cents a bale higher, Middling
$36.85, Associated Press.
JAPANESE IN MANCHESTER
Manchester, Oct. 1870 chiet of the Japanese Government's overansedy Clausee polley and In
(1
terru
In Port
Oct.
31
Nov. 15
In Port
Nov. 13
Nov, 30
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Ballding
Tel: Nos, 36066-9.
PATTISON ORIENT LINE
LIMITED
*. *. “LAURE PATTISOŃ"
Die Frams
In Port
Balls Fors
DIRECT to Pusan &
200h Japan, Oct.
Tel: 25846.
12-14 Queen's Road C.
Chinese Agents:
OVERSEA CHINESE STEAMSHIP CO, LTD.
48 Bonham Strand W. Tels: 25646, 26127 & 81119
NOFICE TO CONSIGNEES NOTICE TO CONSIGNEES
1/v “KIRETEN MARBSK":
-MAERSK LINE:
¡m/ "LEXA 'MAERSK”
having parived from Karachi and
having arrived. from New York and Bomber Consignees of Cargo, are hereby noted that thake goods are Ports of cell, Consignees of Cargo being landed and, placed at their are hereby notified that their goods risk and expense into the Hungkong are being landed and placed at their and expense into the Hong- Kowing Whert & Godown, Com-rak DRDJ's godowas: at. Kowloon, where Kong Kowloon Wharf & Godown Kowloon, Company's godown delivery may be obtained" as soon
as the goods are landed Kayak where delivery may be obtained яi,
Optional cargo will not be funded as the goods are Linded.. tere, unless notice has been given 15 hours prior to vessel's arrival, but carried or from port to part to the dnak pors 02-call to which the option, entiend
No Chairs Will he admitted, agter the gods Juve left the codewor and all goods remetileg grindelivered after the Fresh Ortsberg, 1961, will be
“Optionsi, cardo will not be landed here, unless notice has been given #bours priotin vessel's -arrival., but carried on from port to port to the final part of call to which the opilon
No claims will be admitted after the Goods" have" left, the Gedowns and all goods remaining undelivered. after the 26th Delober, 1951, will be subject 16 rent:
All broken, shaled, and charskited Goods are to be left in die Cudowna, -All Browsza, chafed, brid damaged where try?will be examined on 1 Goods are to be left in The Godown
Patoba)LINTENSE TRULI
Godnára
by our Hurvejrs MemÉTÉ & Dougian, CAN
you eveyors demers, Goddard | Mink tetek, 181 EUR IN
Booded
Toodingly with the Cellarálo Ponte ed.Wirebouse RegulatioTHE ODD KEMER attrodiacsWhek, daima fed dufiabio.
fahrkon 19th October, 181
20, United S United