THE CHINA MAIL, THURSDAY, NOVEMBER 1, 1951.
MESSAGERIES MARITIMES Fares Raised Colonial
M
***EA GLIERES"
"DOCTEUR YERSIN” "FELIX ROUSSEL"
*.1 MACSTILLAISE"
MONKAY"
"BASTIA"
| || Fares Raised Colonial Development
Arriving
...Nav
Leaving
Nov 10
Nox
FO
Nov. $2
Her fi
Elec. 1
M
Outward For
Indo-China
Marseillo
Homeward for
Manila, Salgeb &
Marselier
No.
Y
Nov. 1
い
H
Des 21
Dre
No 30
23
N
passengers & freight
Africa & EurOfB
6 & Europe
freight for Saigon. Bort Said, Tunis, Algiers, Oran,
Tangier, Casablanca, Havre, Dunkirk, Antwerp &
Rotterdam.
Hubjert To Change Withou Matice
CIE DES MESSAGERIES MARITIMES
P.O. Box 53. Hongkong
Queen's Building (gr. floor) Tel. 298661 (3 lines).
Limited Western
Trade With East Defended
Washington, Oct. 31.
A State Department official today defended a Western and limited trade exchange between Eastern Europe, and declared the United States should not discourage this commerce because many basic commodities needed by America's allies still
come from the Soviet bloc.
Mr Harold Liner, Deputy Assistant Secretary of State for Economic Affairs, told the national conference on United States foreign policy that Western Europe cannot be expected to adopt an export control policy as restrictive as that followed by the United States.
EXCHANGES
IN NY
nuda doltam
Teland fed
Banoffeld
New York. Chat (7530 951,
30-day tulates
96-chas future
Astra pounds
New Zealand sound Soul ACTen ground
pra
Dekk krown.
Street German
Deutchermark
Holland Huilders
F:
bayo
かい aut
15
Western European country PALES
!.. supply something
ognizing
in MARY bir parents
thal
between the East and Wel
insoluble and war mevitably.
under
By P. & O
The
Bombay. Oct. 31
Perinsalar and Oriental Shipping Company today announced an 11 to 16 per
cent increase passenger farcs between India and Britain becÀUBE of heavy and continĪJĀDUS Increases bit operating cost.
The
The increases becoine effective tomorrow. fares between Britain and Australia are also to be in- creased-Reuter,
Big Slump On London Exchange
London, Oct. 31. Between election day Inst Thursday and BOON today about £410,000,000 has been lopped off values on the London Stock Ex- change in the post-election slump.
Corporation 'Based On
The Wrong Approach'
CRITICISMS BY PEER
London, Oct. 31.
The Colonial Development Corporation is an unimaginative enlargement of old ideas and is based on a wrong approach to the whole question : of Colonial development.
So writes Lord Milverton, until recently a part-time member of the Corporation and a former ! Colonial Governor, in "New Commonwealth."
"Colonial development must what Is known as Western be closely the responsibility of civilisation, the local Colonial Government in cech instance," he says,
Talks On Far East Aid Plan
Baguio, Oct. 31. Lord Maverton asks: "How American, Economic Co- many of the Colonial communi- operation mission chiefs ties who clamour for self-
"In its true form, it should be a conception of aided Colonial government and freedom from gathered here today to hear ¦ Government, learning and Imperial shackles have any Washington planners ex- developing under its Own authority, instead as at present an Imperial Santa Claus whose Occasional incursions merely
conception of the choice present involved?
at plain a $232,000,000 spend- ing programme designed to "It is not a cholce," he points bolster the free governments A slightly harder tone deve accentuate without solving out, "between self-government of six Southeast Asian coun-
foreign
the tries.
well
or
attendant
rule.
with
co-
We live and learn loped at noon today buy observers local needs. thought the this might not be and increasing enlightenment benents of Westem economy
the that montained and that the slump may
reveal
as a common constant, but a Headed by acting Besistant which he arisen from fears of Colonial Development Corpora- choice between self-government administrator Harlan Cleveland
and has been and their own way of life, with hard ties to be imposed by the Lion is conceived
of the ECA, the Washington Conservative Government migh built up on the wrong lines."
and poverty
group spend three days with the continue later.
Lord Milverton
meny and oppression, or foreign mission chiefs, discussing Kays it at its These tags have orisen be-least worthy of consideration guldance and the benefits of
ordination of the programme as gruse most investors realise the whether it should not be a very association with Western laid down at headquarters with
holding adop: smull the
Corporation, economy and a slow movement the special conditions found in surim measures in pull the coun- | allocating und controlling towards autonomy."London try through 'steonomic diff- financial aid but not administer | Express Service. curs
ing schemes. having under it Investors and speculators who regional Corporations with 2211 had prayed for a Conservative entirely regional membership would work through Government to end the rule of which Socialism and had hoped 14 local Governments and would make money out of a resultant mange them to go into part- boyancy in the market, have nership with private enterprise
Government
אורת
been sadly disappointed.
Government
securities
huve
been affected by fears of dearer
Industral shares
anxi
money speculative sections have been overshadowe by the grim reonomic- czutlook, uncertainty over the Government's policies end the International situation.
Beuter.
NEW YORK MARKET
follows:
20 raks
15 utilities
in as many of their scheines possible.
He adds: The local Govern- ! ment should almost always be a partner in any development scheme under Corporation
Perhaps Husplves.
the chie! advantage of having the actual
execution of schemes doubly
HONGKONG SHARE
MARKET
(From Our Correspondent!
removed would be to underline! The half day's business
the various countries receiving American aid under the appro- priation recently voted by Con- gress.
Mr
Allen Grlin, director of the Far East programme division of the ECA. sald the mueting here is similar to those hold in Europe for the last three years.
"Such meetings," said Mr Griffin. "enable us in Washing- 101 to discuss administrative and programme natters with our representatives in the feld. Obviously such frst-hand ex- change of information and views extremely valuable in our
the responsibility of the Cor- the Hongkong Stock Exchange | Washington planning. poration to Parliament, through, totalled
ת <
HK Hole MK Land
"In addillon. Bhese meetings enable us from Washington 10 of bring directly to the chiefs mission the latest intentions of the
Congress
U.S. and the executive branch as to use of 601 ECA aid for the benefit of the prople of the countries of the Aston
participating in 1.3. economic and
and technical assistance programmes.
1010 18
14 500 24
36 30% 1050 v 30%
200 v 30%
209 34.
6 0.40 200 & 0 5344
areb
14
The principal effort
Southeast In
of living
of the Asia is toward improvemen
standards of
the
masses of the people through:
of development
rublic
31
11 ale
explamed Western
2.00
Europe's
refusal
230 b.-
234 Asked
270
trade with
Brands
2 GA
23
TH'
Hips
od norm! eemmeri at relatan.
with the Soviet
0108
1495
would
tank, mount
to lows
38-54
conflit, shareD.
4 20
Dow Jones averages
al
26.30
ત of the session
stood 11 .-
Italy ufcial
in
New York, Oet. 31.
The Secretary of State, for the transacted during the morning Stk clased higher today allocation of funds, and equally and noon closing prices were: Chls. chemicals. steels
BBU t of non-ferrous
temptation to! metals led the
came tamper with the details," Steel Rassin en political advaRICA,
issues becaur Th front fait
Of 1913 Carl demand abandmanical ol ad pretence issues traded, 577 advanced, 296
240 derlined and
un- were
"T seetu to me that the New highs were set tersons learnt by the Develop- changed, by three white 23 sank to new ment and Welfare Organisation Sales totaled 1.499,000 in the West Indies, on the one und, and by the Cameroons Bvc phent Corporation,
hand, might well be
$94,751.
Business
10
remove the
SAYRES BUYERS SELLERS SALES
BANKS
USEFUL LESSONS
HK Bauk East Avla
INSURANCES
Unton
1595 125
HK Fire
780 790 117
140
720
DOCKS, ETC. X. Whart
104 N. P. Wharf 63% Dock
107 100
103
ECA
directed
Norway : one
405
Polaga! dok
047
30 industrials
Spain esetze
U20%
Sweden (krone:
1930
202,37 80.26 46.75
tudied."
Provident Wheelock
LAND. ETC.
ELYDI qaytənda
F.:
03125
Iraq DEC
2 A1
Curkey ihra
2573
LATIN AMERICA
Argention
STON
Brauzebral
Date
Bella oliveno
Chille free
11541
Columbin pænt
KEMA
1 30
Mewien (pesti
1165
Pet-Fre
0030
Uruguay, "psnej
4173
Venezuela ihaliveri
2005
FAR EAST
India Uupeel
2100
Pukiston (rupee
.2030
Tongkon
7735
3040
3395
360 yen to US$)
Switzerland-fi MIDDLE EAST
וויליאי! ! !
Indoneria Singapore Japan
--
--United Press.
Grain Prices
Weaken
Chicago, Oct. 31.
futures grain weakened somewhat in mo-
Prices
of
1
Mr Limer ald Jere standing was recently shown in Western the United States Europe's trade problems when Kem Amendment The so-called was replaced by the Mutual as- sistance Control Act signed by President Truman last week.
The Kem Amendment pre- vides for termination of econo mic ar Anancial aid to which- Over countries permitted the shipment of strategle materials 10 the Soviet blor.
Mr
40 bonds
-United Press.
Lord Milverton believes that Colonial development, in fact. 185. eally comes in the end to re- gulating the whole life of the concerned-social, community economic and political. "If we are true to our principles, this Inevitably nicans that the
only channels ure the nationalities nant Colonial themselves. In other words, our Colonial Development Corpora- tion and such-like bodies are really experiments in the wrong
Direction.
"You cannot," he claims, "do which seem to all the things he implicit in the conception of
Wool Sales Cancelled
Syriney, Oct. 31. lcbour Rising
tensions Australia struck al 1bc wor! Lirer pointed Cut that about half the value of Western exporting industry where selling
brokers have been obliged Europe's imports from the Sovie:
cancel auctions scheduled for bloc was accounted for by three
November 5 to ¡ basir
groups-edal NOVE commodity
5 to 8, postponing the sale of some 60.000 bales. end coke, ocreals and timber or
Casual labour employed its products.
eight wool warehouses
demanding Mone than 75 per
dismissed for Western Europe's
coal imports working day 30 minutes shorter
than the agreement.
cent of
Gast year came from Poland and 7 other source could have re- placed them.
AMERICA'S PURPOSE
at
it
Crniat development by any exierul authority. If the deve- opment is to live
been
S'hai Land Humphreys
UTILITIES
Tram
54
1,03
13 1315 500
1000 13
health
agriculture, and establish-
400 6342 men of basic industries, 200 53
Chiefs of mission present are
A. F 134, Robert Blum, Saigon
Flegal, Bangkok; Samuel Hayes, Ran- 17.40 Djakarla; A. L. Moffat, 9340417% Hoon; R. T. Mayer, Taipeh; and
Roland R. Renne, Manila. 200 11215
The sessions are closed since 9.03
271% 17.70 1000
P. Tram (0) 2234
Star Ferry 1142
C. Ligm (0) 9,76 990 700
C. Light (N) 15 4.65 1200 the group will discuss spend- 2000 € 6.60 ing details which might have
C. Light (8) 9.55 9.45 1000
Electric 23
6.60
6.60 commercial value to outsiders i! 155, revealed in advance. -Asso- 9.55 ciated Press.
7500 fr
1300
1000
9.80 !
1200
233
4200 23
3000 251
Electric (B) 221⁄2 23 500 2727 464 @ 2242 Telephone 151⁄4 1515 INDUSTRIALS and to be-
Centen!
15.80 16 6500
Rope STORES. ETC
Dairy Watson
come part of the organic growth of the people, it must be under their authority and control. were Dimly,
this dilemma hus ech foreseen when we talk of azzclating backward peoples with the various schemes, and getting them to regard them their
own. But, to be tru their own, the Impetus, the faith
Permanent employees refused to do work normally done by labourers. They, too, were dis- missed.
have
Ships from overseas already arrived and are waiting wool cargoes. United
for
He explained that America's derately active dealings, Limited export sales of U.S. grains part-purpose in urging an export con-
a desire 10 in- Press. ly accounted for the decline.trol policy was
crease the strength of the free
22
10.10
COTTONS
Crawford 2813
4.30-435
The Rubber
Markets
London, Oct. 31.
futures of rubber
Prices 100 20.40 closed today as follows:-
April/June July/September
4.15 6.30 1000 @ 4.20
Σα in them, the desire to have them | MISCELLANEOUS
Yangisze succeed must be drawn from the beneficiaries, not the bene- volent patron."
He added: "When New York Sugar Milverton said that during the
Rye was an exception, climbing world relative to that of the to a new peak. Wheat futures Seve world. closed 4-1% lower, corn was A trade 1akcs place between to lower, rye 5 higher and Western and Eastern Europe we soybeans -1% lower,
Prices diosed as follows:--
Wheat-price per bushel.
Spot
September
December
Murah (1032)
Mny
Corn
Spot
September
December
March (1952)
May
Iyo
July
2.494 2.524 2.55-12.00% 2.5312-1 2.4334-9
1.7032 1.70-46 1.83 1034-14 1.02-
2.0142
Hoptember
Date
1.09
B014-12
Julyak Beptember
New York flourper 200 16. Sack, 612.03-- United Press
want to make sure that the balance of advantage in lies with cur allies in the West."
Mr Liner praised the Mutual Defence Assistance Control Act Because "it, provides security... give consideration to the in- dividual needs of the Westem European countries."
Co-
This need for flexibility In legislation is justified because the countries receiving United? States assistance already operate with us on security ex- port controls and do so on voluntary basis," he said.
3
Mexican Exports Western Europe exported about
1950; he pointed out,
$700,000,000 worth of goudis to the Soviet blot countries ond imported
Futures
New York, Oct. 31.
LONDON TIN MARKET
LOOSE THINKING
Earlier in his article, Lord
past 25 years there had been a great deal of loose thinking and
London, Oct. 31. looser talking on the subject of
The Un market opened weak Colonial development and the today but steadied at the tower development of backward areas level. Turnover was 65 tons, cash. including five tons for expensive lessons have Prices closed at the end of the been bought but the fallpey that officied morning session money alone can work these follows
Domestic sugar futures No, Be
closed unchanged.
March
5.38 bid 5:40 bid
May World sugar futures No. 4 closed 2 higher to 1 lower,
5.16 bid January March
5.04 bid May
5,04 July
5.05 bid 5.06 bid September Raw sugar spot ... 5,85 nom.
-Associated Press.
3000,000,000 intent
ជំន
000
995
0921
43:4- 413-42-14 -United Press. SINGAPORE MÄRKET
Singapore, Oct. 31. Prices of rubber tutures closed today as follows:- Number 1 rubber, per Ib
October
November
December
Niner 2 rubber,
October
Number 3, rubber,
October
15314-4 153-153-14 .. 18294
1474-148-24
14314-9% 133-135-46 Spot rubber, unbaled. 15314–34
10345-109-14 Block crepe No. 1 pale crepeated Press.
100-185
Nufiber 1 rubber,
October
EXTRA DIVIDEND
macies still persists in far too Spot th, buyaɛ
sing
minds. Development in spot tin, sellers this connection really connotes Business done at
Three-months tin, buyera 87214 complete miettel and physical re-three-months titi, collera 0771 volution.
Begincés done at
975-872 DAZLA Seillement
clared -United. Press,
U.S. Mission To not only conflect about the scope.
Bond Market
Altron, Ohio, Oct. 31.
Date
まする Port
Port
IA Port.
4th Nov.
Sin Nov.
14th Nov.
13th Nov.
20th Nov.
sth Dec.
2nd Nov.
3rd Nex 8th Nov
9th
Nov. 16th Nov.
RAL
INTEROCEA
J
Ship
ARRIVALS
TEGELBERG -RISTJALENGKA“
"STRAAT
MALAKKA STRAAT
MAKASSAR“ "VAN BEGTSZ"
"TASMAN
"TIHWANÇİ"
"STRAAT
MALAKSA "TEGELBERG"
"STRAAT
From
Japan Macassar, Java Pärts
&
Singapore
3. Ajetla, Africa & Singapore
Penang. Belawan bell & Singapore Japon
Singapore
Macassar. Java Ports
Japan
Japab
SAILINGS
MALAKKA THTJALENGKA” STILAAT
MAKASSAR" "VAN HEUTSZ"
"TARMAN"
TEGELBERG" *TIWANGI"
18th Nov
201 Nov.
22nd Nov
"STRAAT
ith Bee,
MALAKKAN "TEGELBERIT"
Japan Ports
TO
Singapore, Java Ports & Macassar Mahlia, Sirigapore, E. & S. Africa &
6. America
Japan Porta
Bingapore. Penang & Belawan Dell Japan Ports
Hingapore, Java Ports A Macassar
Manila, Singapore, F. A. Africa Singapore. Atélen & 5. America
General Agents HOLLAND EAST ASIA LINE
Date
4th Nov
ARRIVALS
Ship
"ABENDSKERK" 2nd week Nov. "KIELDRECHT""
From
Japan
Europe & Singapore
SAILINGS
TO
5th Nov
"ARENDSKERK" 2nd week Nov. "KIELDRECHT"
NZSZOVILDING TELE:
Manba, Singapore & Enrope Jupan via Manila,
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vis SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
M.S. M.S. "SALLY MAERSK” MS "LEXA MAERSK"
"NICOLINE MAERSK”
ARRIVALS FROM U.S.A.
M.S.
"ANNA MAERSK”
M.S.
"LEISE MAERSK❞
M.S.
"GRETE MAERSK"
In Port
Nov. 15
Nov. 30
Nov. 16
Nov. 30
Dec. 20
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel: Nos, 36066-9.
M.V. "LA MARSEILLAISE”
will sail for
MARSEILLES
via
MANILA, SAIGON, SINGAPORE, COLOMBO, DJIBOUTI and PORT-SAID
ננס
Saturday, the 3rd of November
Sat. 9.P.M.
Passengers are requested to board the vessel with their cabin haggage on Saturday the 3rd of November between 5 PM. and 7 P.M.
Baggage Room and Hold luggage will be register- ed at Kowloon Godown No. 50 (No. 2 Gate, Canton Road entrance) on Frdiay the 2nd of November from 9. A.M. to 4 P.M. and on Saturday 3rd of November from 9 A.M. to NOON. No baggage will be accepted - for, registration after this time.
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong
Queen's Building (gr. floor) Tel. 28651 (8 lines).
Directors of Firtstone Tyre SOUTH CHINA MORNING POST
and Rubber Company today de
$1
an extra dividend of
a dhuro on common, which
recently was split two for 'dite.
It is payable in December 1
to stockholders of record. November 16.
Øn
Even we ourselves have only Just begun to face what the prob fem means so that it is, perhaps no surprising that the people. whom we propose to help deve- lop themecives to our partéri, are
Prior to the split, Diretori of the chvisaged change in thele
New York, Oct. 31. lives but also she quite unaware
Corporate borde firmed and declared dividenda of $5 of the
of such price of progress and โอ: trading today but gains during the fiscal year ended on Wednesday, Amoclated the
upheaval in were not sufficient to erte
Préna Lond Milvertion
enriler luster and the list blowed wanted.**
the
irregularly lower; Volumin ">WIS
Malaya
Washington, Oct. 31.
An American tin mission to mov
valveamental
12
da Mexdeo City; Ost, 816
Cotton how tops the list of worth. This trade was less than Mexico's exports, Cotton: exports: half of the pre-war volume of Malaya left today Vis London glittering Chess of
Donut New York, Oct. 31. from January No Beptember East-West trade and replents tur Singapore for a first-hand dustry; they would like a higher what below that of the totalled 199,200 dome with about three per centier Western study of the tin intustry's prob standard of living and the maily
Copra ao quoted today at Value of more than $100,000,000, Europe's total, foreign trade...
lems,
Matriks desirable things that only monéy dependse bends were mixed $17.50 per short on visked, export
THO Defence Materiale Pro-
can buy, but they have not in the foresen dollar sektiori on Cia,
at the lamé level overklebuz BA, Yin web (in, dnder or glubji,, july and. Western Ger the mission's departure, dented of offort or related them
iver Tations of Western Butthe bh seek to negotiate a contract with of egular responsible hard chance totalled 100,900 OE my following dalem at Alesel oil ing Soviet bloc trade, United Malayan producers Associated work and the acquisition of all are compared with $2,010,000 and crute olla. United Pring. Press
the skilte which go to make yesterday
Press, vai United From,
coston
nine-
Mr Liner sild Norway, Bel- eurement Agency: athomeini Pothose cosires into a friend dhe Pacific Couth, follow zander many, topend «,thoke than other reports that the mission would 10 the Finapablakaidondan bond inelerson hé, slook a bit what quoted "točný,
Press
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