MESSAGERIES
M
Arriving
"LES GLIERES"
MARITIMES
M
Hotwate
For
for wint Fur
Leaving
"FELIX ROUSSEL"
Dec
C
Nov. 10
Dec.
POYONNAI“
N.
LA MARSEILLAISE"
Nos 2
"MONKAY"
NOA
Nov. 3
Nov. 30
N. Afrion & Europa
⚫ passengers & freight
Africa & Europe Moblia, Salgon &
Marielles
† freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp &
Rotterdam.
Subject To Change
Vithose
Nabre
CIE DES MESSAGERIES MARITIMES
P.O. Box 53. Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
M.S.
"NICOLINE MAERSK"
M.S.
"SALLY MAERSK"
MS
LEXA MAERSK"
ARRIVALS FROM U.S.A.
M.S.
ANNA MAERSK"
M.S. "LEISE MAERSK"
MS. "CRETE MAERSK
THE CHINA MAIL, TUESDAY, OCTOBER 23, 1951.
Compensation BIG TANGANYIKA COAL By Japan MINING PROJECT World's
Tayo. Oct. 22.
The Japanese Finauce Minister, Mr Hayato Ikeda, tokl the House of Be presentativra today that he comdered Japan woul hove
repay United Slate ad amounting th $2,000 million · "sometime In the future."
Eb
Menawhile, the draft of
a bill to compensate Allied nationals for property lasses
and damage in Japan during the war was roudy here tonight for final approval by the
Cabinet tomorrow,
The bit will afterwards
Ko
to the current sessión
of the Diet-Reuter.
HONGKONG SHARE MARKET
BEING PLANNED Merchant
London, Oct. 22.
1
The Colonial Development Corporation is: prepared to invest over £20 million-g fifth of its £100 million original vote-in the Tanganyika coalfield project.
Marine
Washington, Oct. 22. The world's ocean-going merchant marine is building up to a fleet 29.4 per cent than before the
After two years of investigations it has been proved that 40 million tons of coal are extractable larger from the field in which the gross tonnage found exceeds 200 million tons.
Cotton Exporters Warned
;
second World War.
The National Federation of American Shipping, reporting The Colonial Development this today, said that 15,300,000 Corporation have 03 qualms deadweight lons of shipping about this project of turning cu were under construction or on another Tanganyika dawo keorder throughout the world's the groundnuts geboor hshipyards. same Colony.
On
completion, the world
Bu they will only g on wh merchent marine would total
if Tanganyika allways are 102,500,000 deadweight tons. Expanded sufficiently Kit make Only 2.8 pcr cent of the twork.ng st the coalfeld anworld's total new construction
tecnomic proposition
is for United States registry
ล
considerable extension of the
UNTERO
Ship
ARRIVALS
Date
in
Port
"TASMAN"
In 28th Ort.
30th OEL
Port
"TEGELBERG". "STRAAT
zud Nov.
nih Nov.
Nov.
16th
Nov. 19h Nov.
5th Dec.
2
מתקדין
Page
-MALAKKA” "TIITZALENGKA" "ETRAAT
MAKASSAR"
TASMAN
VAN HEUT87"
"TJIWANGT
"STRAATA
MALAKKA" "TEGKLBERG"
Belawan Dell, Pename, Singapore
Safgan
5. America, Atries & Singapora Maraskor, Hava Ports & Singapore
Japan Прад
Penang, Nehawan Bell & Singapore Macassar, Java Ports & Singapore
24th Oct
"TABMAN"
31* Ort.
"STRAAT
3rd Nov.
4th Nov.
Hith Nov. 18th Nov. 19th Nov.
MALAKKA"
Angan
Japan
SAILINGS
то
Japan. Paris
Japan Ports
**TJITJALENGKA", Singapore, Java Ports & Macassar
*STRAAT
MAKASSAR"
"VAN HEUTEZ"
"TEDELBERG"
MALAKKA”
"STRAAT
20th Nov.
States:
Plans are already tram fo,under private ownership, where-
United as the existing merchant fleet as 18 per cent of the world's total, the Federation
said.
Washington, Oct. 22 The Commerce Department railways in East Africa including reported today that since the Tanganyika.
Our Own Correspondent)
slart of the new Cotton crop Business done on the Stock
A: C. D C
Marshall Plan countries, exclui- headquarters year on August 1, 120, 7017 bales Exchange This morning was of rotton Tinters and pulp, spokesman said. "Tam will be sive of Germany, accounted for valueri al $786,254.50. Noon licensed
10 for
but un-71.3 per cent of the construction, 141our biggest venture ye xport and the morning's cuntries, had been shipped.
ral policy Quotations
a complet
is allhough their fleets represented frunsactions-
AL tie
time, the decided upon it is no use lying but 57 per cent of the world's !
make up
intal. Department
warned exporters: against trying to ship abroad much coal to gu 25 1548 any excessive quantities of the The fest hint of the CD.C. existing fice:, was building 4.2 per
INSURANCES
Canton
Werich
same
votion products for the purpose of stockpiling
The Department irard leday the first of regular semi-month- on the quantity of ly reports
and pulp Unters
licensed for to each unity
shipmen!
SHARKS BUYERS SELLERS SALES BANKS
HK Bank
15446
Iwo
230
176 44 239
750
200 m
16 w 750
Nov. 1 Nov.
32
750
15
Underwrit HR Firm
5.45
140
Nov. 30
DOCKS, ETC.
K
Wharf
103 106
NP Whart G.65
Duck
17 14
Provident
Nov. 16
Nov. 30
S'hat Dock Wheelock
141
{{J!!;
1000
200 14.35
200 27
Dec. 20
LAND ETC
11K Hatel
HK and
S'ha Land
Humphreys 12 10
10.79
47 102 16 78
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel: Nos. 36066-9.
Metal Shipments
Up Pending
Held
Price Increases
New York, Oct. 22.
VTILITIES
Tram
help exporters to where export sales
in become ascessive.
1
determine! are kely
our in my now
uteres in this ampe, ten lopment il: Tanganyika, Com from form. C.D C. Chui.man Lord Trefgame 18 months ng
MAY BE INCREASED
Japan, with 2.8 per cent of the
deve-cent of the now construction.
Germany's comparable Ogures
cent were 12 and 3.6 per
Counting presen: ships
and hose building and on order. the onnage figures included:
United Kingdom 27.394,000; It was then estimated bat
United States 16,034,000; Norway the full scheme was to be pro-10.639,000; and Russia 1,948,000. ceeded with Investm . i would Greece, Japan and Germany were be in the order of £20 milion she only nations showing This is likely to be nereased in decrease in the total as compar.c
of installa- già 1939.-Reuter.
Th a change of Use regula-view of rising costs 6.05 0.20 1200 antics. the Departament
52 54 216 2 dropped the requirement tha
139 GD 321 2 10 2.175 1000 2.123 1000 @ 2.13 600 22
500 @ 121.
. Train (0) 32.60
I' Tram (N) 1015
Star Fears
Light (0) 1,40
C Light N! $45
Light B 9.25
on plan: etc.
Capital employed up to date proof should be given will by corporation is well within the port icence applications that Government £100 million alloca commodities had been authorised for Importation and use with the country
ultimate destination.
on and funds for going ahead with this Tanganyika rchetne are certainly available.
Should it materialise however. is likely to reopen the ques- However, three exceptions!
tion of whether D. C should made Such proof will not in the near future receive an i still be required for shipments additional Government vote,
3000
9.30
500
A4
were
6'. 3000
1000 or 045
1000 62
500 9.10
500 9.15 5000 920 040 8.23 310023
Fechte 12.75 31 Elec. (Bonus) 214 221 500 Macao Bec. 12 1330 12 Telephone
INDUSTRIALS
Cerment
Rope
14% 14%
2015
500 6 14.20 600 14,25)
STORES, ETC.
Dairy Watson
17101 18 8000 4 19 22.75 23 500 2224
400
23
Crawford
9 34
5.50 4.65 38M »
00002
600
L
Ewo
Thousands of tons of lead and zine products COTTONS remain tied up as manufacturers withheld ship- ments, awaiting higher price ceilings promised by the government.
When the Office of Price Stabilisation (OPS) raised the ceilings on refined lead and zine by two
MISCELLANEOUS
Yangtaxe
*
to Sweden, Switzerland and Belgian Congo.
About £230,000 has been spen
so far on investigating the coal-
In jis first semi-monthly re-elds which lie in tembe semi- explored party of Tanganyika port, the Departmen: said 120. bordering Lake Nyasa. 707 bales of linters and puljs licensed for export since August 1 included 86,237 bales of raw linters and 54,470 bales ol pulp.
The total bales of
puip and linters for which export licences: were approved by countries The United Kingdom 53,245. Į
To get at the coalfelds geolo gists have had 68 miles of track made through unmapped terri- tory--London Express Servier.
Italy 17.815; France 10,953. Japan 8,078, Germany 8,320, 645 Belgium 5,791 Switzerland 360 5,307; Netherlands 4,287; Cuba
3,000; Sweden 1,053; Australia ( 3.80 996; Greece 416; Denmark 367 for
and Chile 88-United Press.
cents a pound nearly three weeks ago, it failed to The Rubber Down-Swing
authorise similar boosts in goods made of these metals, or in lead and zinc scrap.
on early date to bring latter prices into their relationship with reßned costs, OPS said.
Adjustments will be made a third quarter "carry-over" or
These dera to consumers even if the usual orders have not been converted authorised controlled- metal i to
material orders. NPA said this was done because as much as with 25,000,000 pounds of aluminium But in the meantime,
unshipped shipments of a standstill, some products had been
of
Markets
The
Orders For Machinery
Some Selling
On Chicago Grains Market
"THWANGr
Manila, Singapore, 8. Africa 8.
America
Japan Porta
Japan Ports
Manila, Singapore,
8. "America
Africa
*
Kingapore, Jova Ports & Macassar
General Agents: HOLLAND EAST ASIA LINE
Date
ARRIVALS
Ship
3th Nov. "ARENDSKERK". Japal 2nd week Ngo, “KIELDRECHT"
From
Europe' & 'Singapore SAILINGS
TO
4th Nov. "ARENDSKERK"
2nd week Nov. "KIELDRECHT"
A
PENINSULAR
Chicago, Oct. 22, The agreement to restime truce talks in Korcs
caused Feme scattered selling in grain futuris today.
Losses were not heavy. When: and soybeans were down 21 cent a bushel at times in early trading.
Near the end of the first hour wheat
Mantia, Sincapore . Europe Japan via Menila.
AQUS BOS SEPARABITA
& ORIENTAL
STEAM NAVIGATION COMPANY
R.M.S. "CANTON"
SAILS:
NOTICE TO PASSENGERS
was 4-6 cent lowe: BAGGAGE: than the previous finish.
December $2,53%.
Soybeans were 4 cent higher.
to 4 lower.
November $2.98.
Although the United Nations
Red and Korean
forces have agreed to resume negotiations €122 armistice, this WAS somewhat by the
London. Oct. 22. South African Minister
Mr Eri Economic Affairs, Louw, left London by air today for
Johannesburg after com- balanced pleting talks about machinery tense situation elsewhere, and electrical equipment for particularly in Egypt.
for
four new South African power
The grain trade anticipates u stations.
|resumption of export trade this He denied a report that he week. Traders believe the had ruled the general question United Kingdom may purchase of steel exports to Scuth Africa all of its recent allocations of with the British Government. 150,000 long tons of wheat. Ger- The discursions referred to many also is expected to be in
Stock Prices were with contractors, he added. the domestic market this week.
In New York
Prices
of
Loudon, Oct. 22.
rubber futures closed today as follows:-
Number 1 rubber, in cents
per Ib. November December January/March (1952) April/June
46-4814
454-40
15-48
45-45%
4314-
4115-42
United Press.
for
quarter
011
consuming plants already were and practically immobilised by shut down and others curtailed
order issued on an earlier
This had cancelled July/September October 1. operations sharply Makers batteries, urgently in need antimonial lead, were reported y aluminium orders which
were originally scheduled shipment in the third but were delayed
to be among the hardest hit. Scrap consumers complained that
sellers
hoarding wêre
metal for higher prices.
With lead extremely
Manly Fleischmann, Defence tight, Production Administrator, said mictal men also took a serious that copper and aluminium ra- which tions for less-essential goods may be trimmed to only 15 per early at St. cent of 1950 levels by
next year.-Associated Press.
View of a wage strike shut down th big Herculancun, Missouri, lead smelter Joseph Lead Company, a plant which had been turning
Gu some 5,000 tons of pig lead a month.
Lead users also fretted over the decline in lead import from Mexico and other foreign Canada. other than
sources
Buyers in this country, res riot- ed under the new price cell- ings, can no longer bid for this buyers metal against foreign who are paying 21% cents a with pound and up, compared the US price of 18 cents.
HOPES DASHED
Foreign zinc was reported to be selling at 20 to 31 conts pound at Gulf ports, while US buyers, can
Decline In
Cotton
on
and
New York, Oct. 22. Colton futures opened steady
mill buying today covering against export sales. The market subsequently eased scattered liquidation, in- fluenced partly by the Korean developments. Hedge selling was moderate, ',
on
legally pay drily Washington trade advices said 191⁄2 cents. And while domes- that France plans to buy 650,- the consumere
may pay nu 000 balca of cotton from the more that 271⁄2 cents a point United States this season which
foreign copper, West
would be an increase of 300,000 have bales over purchases by many was reported to
by that agreed to buy the whole out-country here in the
SINGAPORE MARKET
Singapore, Oct, 22. Prices of rubber futures closed today as follows:- Number 1 rubber, per lb.
October
2
rubbe
November December Number
October Number 3 ubbe
October
Number 4
October.
Spot rubber, untaled Black crepu
No. 1 pale crepe ***
1856-158 305- 20412-185
160-150%
145-148
1346-133 15315-180 109-110 180-165
United Press.
LONDON TIN
MARKET
London, Oct. 22.. Priers of tin were firmer and Irregular this moming. Turnover was 60 tons, including 10 tons for cash,
Prices closet at the end of the cMolal morning gestion as follows:
Spot tin. var v11,020.
1,030 Spot in, sellers....... Business done at 1,025 Three-months tin, buyers, 972 978 Three-ndithklin weilers
67216-975 Business dome at
1,020 b Battlement
Unitou Prets.
They concerned the execution
Rain was falling today over New York, Oct. 22. And speeding up of delivery most of the soybean belt, with
colder weather Most stocks fell in the New orders already placed.
predicted, The Mr
HEY Louw York stock market today,
to as eight points, but last month As much the majority lost two to three Commonwealth
Conference.Reuter. points.
one
Stecks, chemicals, copper and
and
Steet
stocks were umong the
Chemical losers. Allied
of 2- Dow Chemical were points each. 'Beth chem
ropped more than a point and US steel, Republic and Youngs- recorded lesser declines. town
General Motors and Chrysler were also down. American Cyanumid was off 2-4.
aurd Goodyear
US Rubber were off. Sears Roebuck drop- Douglas lost as much as pad.
at times and Lockheed more than a point.
Zenith Radio was off and
to London weather. also remains wintry in attend the Caneda, with snow and some Raw Materials temperatures near zero.-Assa-
ciated Press.
Americans Warned Of A "Winter
Of
Restraint”
New York, Oct. 22:
The Defence Mobiliser, Mr Charles Wilson. the big copper companies told Americans today to prepare for a "winter of Anaconda, Kennecott, American restraint" due to booming defence production and Smelting and Phelps Dodge shortages of materials.
lest one to three points.
each. Ainerica Petroleum fall
as much as cight points at one
time.
SPECIAL NOTË:
EMBARKATION:
FRIDAY the 26th October at 5.00 p.m. for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said.
1
ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at No. 2 GATE, CANTON ROAD FN- TRANCE BY NOON on THURSDAY the 25th October..
With the exception of hand packages carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading on board by ship's slings only.
Will take place on FRIDAY the 28th October between 2.80 p.m. and 4.00 p.m.
Britain A Debtor Of
E.P.U.
¦ BURMA RICE
FOR CEYLON
Colombo, Oct. 22. Ceylon's Food Minister, Me A. Ratnayake, is expected to visit
Burma at the end of November or early in December to complete in new rice deal, usually reliable sources here Baid today. A September deficit of £78,- 145,000 made Britain a debtor
Negotiations for this European of the
Payments begun by the Prime Minister, Union. It was announced here on Stephen Senanayake
recent visit to
today.
London, Oct. 22.
during his
were
The European Payments Rangoon, it was stated, Union said in a statement here
The Director of Food Sup that this deficit was disclosed in plies, Mr M. K. Alvapillai, told the settlement for September.
Reuter today that Ceylon has
This changed the cumulative asked Burma for 600,000 tons creditor position of Britain of of rice next year as compared £22,451,786 after. the August with 450,000 food which Burma settlement to a debtor position is supplying this year. of £50,093,214.
has
Burma has promited to con Though Britain
had sider Ceylon's "request, he said, monthly dicits before this is-Router. the first time that she hop. buen
a debtor of the Union,
Until the settlement for July this year she had been by far the biggest creditor nation- Reuter,
NY EXCHANGES.
Wool Output Forecast
Washington, Oct. 22.
General Electrle and Westing In a speech prepared for delivery at the New house lost more than a point York Herald Tribune forum, Mr Wilson said na- tional economy would be strained to the utmost between now and the end of June 1952, Other losers include Amori-
Defence production on the
called on agriculture, can Woollen, Banta Fe, Southern
was encouraging, he business and labour to resist Pacific, Nickel Plate, Standard whole
"powerful temptations" to clnlin (New Jersey),.. Texas added. Oil, Company, Gulf Oll, and US "Our strength already at a special consideration in prices, Gypsum.
30 Count where the Soviet leaders wages or allocations of materials. Mr. Stourt Symington, Re-
The Department of Agricul Among the few: gainers were ought to hesitate long before
ture reported today that preacht Corpore- construction Finance.
demanded Dome and Mcintyre Mines.challenging it," he added,
tion Administrator,
conditions in Argentina In However, even if a firm truce an immediate showdown en The down-awing was eviden:
dicated an increase in the, dodal on the curb market, where were signed in Korea, the
Wa there were declines of a point United States would still be in on. He exonerated all Govern
"ubrice peddling"
production of horn and pulled 483,000,000 wool to probably or more. Now Jorsey Zinc grave danger this winter and ment embers from blame in
pounds for the person bogirming October 14 Humble Oll and Imperial Oll the danger insy be even greater the RFC scatidalar
Great Britaisi : 1984- (un- one stikné. Obrisolidated Mining Unued.
the well told the foran the world's changed. Hollatie 30.30, thThis and Smelting all five polls at
"Not "unill the men New York; Oeti, žá
Kremlin say to themselves, I rent is were due to the fact chinnged. Sweden 10.30, in- howlod Botal of about 350,000, Pepper market derivily re-do time Abbelled Press,
ACE Bauer we attack, it means the end of men Have kept pre-instal changed. Argentina 710, un-000 pounds for the season Just
Industrialled political ideas des at
changed.Mexico: 11.06, un- | clowed. mained tied up today as tradera
wb stop 10. breathe," he
was changed. Hongkong 1106, or wakhed developments in the
Mom of the thcreen, the Washington, Oct. 22.
ebku 105, of a vent, Franios" "285% of a The Merched jer widening strike of per workers,
budka firiding The Comptalls of Currency calm of short in responden, Alber Cox cent Portugal 1400mchanga pertandi zald, is Türker 16 lon
Bwitzerland 1009erren of apos burazioni, with today fasthed a call for the con- materials the present quarter Bilik Furlanatig red top *** 30.00 vellers range extending bersama dition or uncional banks. er of and the first two qilarters or had much digan hide andarcem FREE 1.10, Tefal for evere
30.00 $1.07 1.09 pound, on an ex- the close of business on October 2002 will hod un straining our than the United States legislative mold B001 unchanged-As
bodžers United Press,
caled Pres Assoolated Prom Look United Frest
10, 1931sociated Press SS Volo economy to the utmost.#
put of
a now punelter at Paischson, The buying, however pote, Chile, at 67 cents is subject to satisfactory financ- pound. Domestic copnor here the arrangements which is fixed at 241⁄2 cents.
now under discussion. Incrosscu Sellers who had
hoped
· are
for buying by France here was geld
ok
Berub
price licenses la Copper ene to be spurred by the fact that and king wore raised ear other, foreign cottone pro spy- ly this month were notified where from 30 to 60 por cent that OPS contemplates no ac higher in price, don rawing col
coilings primary dopper,copper
Mid-morning prices were 46 and copper alloy, serep, bike cents a bald lower to five cents
strap or products, or nius higher thin the previous Diogo,
December Production Au
March thority (NPA) fold luminatini May Producers to goʻshead and stip
Pepper Market vers down around a point it next summer, Dir Wilson con- The philosopher Bertrand Hun
New York, Oel. 22. Closing foreign exchange rates, (Britain in dollars, others in cents):
compières neith
In the production: of low KTOREJ bred Wool (which whE MODCARLE for about 120,000,000 BOUKYM 27 per cent United