*
THE CHINA MAIL, MONDAY, NOVEMBER 12, 1951.
MESSAGERIES MARITIMES TRADE LIBERALISATION
MOM
Arriving
•Nov. Dre.
"
Leaving
Not 16
G Dec.
*LES GLIERES" "FELIX ROUSSEL"
"DOCTEUR VERSIN"
Nov
Nov 17
+''MONKA T"
*FELIX ROUSSEL"
Nov. 28 Nov. 30
Dra.
6 Bee 7
+"BASTIA"
„Dec
Dec 24
20
• passengers & freight
51
Outward Por
Marsellen Homeward For
Elaiphong, Haigan
N. Africa & Europe
Alantis, Raigon &
Margalljes
N. Attica & Europe
† freight för Saigon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.
Subject To Change Without Noties
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong Queen's Building (gr. floor) Tel. 26681 (3 lines).
Revised Estimate Of World Cotton Production
Washington, Nov. 11. The International Cotton Advisory Committee revised its world cotton production figures down to between 33,000,000 and 33,500,000 bales for the current season, following the announcement of a million-bale dip in the estimates.
United
States crop
Rehabilitation Task For New Cabinet
Tories Expected To Bring New Drive To Bear
London, Oct. 30.
Appointment by Mr Winston Churchill, the Prime Minister, of eight key Ministers, within 24 hours of the Conservative Party being returned to power is a happy augury of the drive and business-like application which it is hoped the new Government will bring to the resolving of the country's present unhappy predicament.
Upon Mr R. A. Butler as Chancellor of the Exchequer and Sir Walter Monckton, Minister of Labour, with the President of the Board of Trade, will fall the brunt of the rehabilitation of our overseas trade and finances.
sold to Japan
Plan For New Oil Refinery
Date
la Port In Part
13th Nov.
14th Nov,
16th Nov,
18th Nov.
2018 NOT.
--ist Dec.
2nd Dre. 6th Dec.
12th Nov. J5th Nov.
London, Nov. 11. The capacity of a new oil refinery being built on the Isle of Grain, Kent, is to be doubled-4,000,000 tons of crude oil a year instead of 18th Nov. 2,000,000. The refinery will be working fully by the $13 million of middle of 1958.
Ninety-nine The Anglo-Iranian Oll Com-
Five years of war and six of an unstable peace, chemicals, and enamelware; she during which latter period war-time controls were copra, crude rubber, palm oil,
perpetuated, have driven many of our pre-warsalt and bauxite.
per cent of her imports frompany, for whom the refinery is
business men out of business.
In spite of these trade consuls Harold Wilson, when President of the Board of Trade,
Mr
The present estimated world production com- pares with the Committee's 36,000,000 forecast expressed made earlier this season.
of
ப்
with im- standards of in the S.E. Soviet's
full
19th Not. 20th Nov. Zist NOT.
22nd Nov.
3rd Bio 8th Dec. 7th Dec.
Dal
ARKIVALS
Skip
*TEGELBERG* ' "VAN BEUTEZ"
STEIWAND
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TEGELBERG" "THWANGF "TJIBODÁƑ”
"STRAAT
MALAEKA"
Тарка
From
Penang, Belawan Hell & Singapore
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Jaban
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Japan Ports
Singapore, Java Ports & MacaseLY Java Ports & Macassar
Manda, Singaporn, E. & 8. Atrica Singapore, Panang & Belawan feli Singapore, Java Porta & Macasat Singapore, Africa & 8. America
General Agents: HOLLAND EAST ASIA LINE ARRIVALS
Date
Ship
From
18th -MövzÖKIFLDBÉCHT" 11th Dec. "KIELDRICHY 15th Dre. "AAGTEKREK” "AAGTEKERK"
Europe & Singapore Japan
.i
anuel
22nd Nov.
12th Don. 19th Dio. 7th Jan.
The site of the refinery, which was mainly swamp and poor pasture just over a year ago, covers a square mlie.
Four jetties, capable of taking
Burma were rice and beans. being built at a cost of £40 Construction materials and million, expect to start produc- Personal knowledge has gone, another of the "backward or textiles went to pay for them, tion there next Juns at a rate of but the up-coming personnel is undeveloped" countries which
Japan's exports being $162,000,000 tons a year. ni hand with a readiness to sup- seem prone to tear up their in- million, the imports $17 millio
Crude plant the bureaucrat, whereverternational obligations. Unless last year. The targets for this
oil will be brough he may be entrenched, and bring such tendencies can be stopped by year are, respectively, $32 and from the Middle East-mainly
from Kuwait. into being again that personal any and every means short of 828 million. touch in business, so lacking, but general hostilities we shall soou While these achievements can
When
in s needed, in the understanding see in international trade relo-be credited to Japan, it is not nearly 1,000,000 tons of motor production, of foreign markets,
tions that chaos which has for
surprising that the USSR. This applies particularly to too long disturbed international should be viewing them with spirit a year will pour out of dollar markets in the United political relations.
misgivings. Rightly, she fears the new refinery-equal to about
sixth of Britain's It is an open secret that Egypt's the loss of prestige and influence States and Canada. In the U.S.
consumption, we have become much mis- desire at the moment is that all which can follow Such Com- understood, at a time when there trade relations with us be severea
mercial exchanges, She feels, however, thas provements in the ought to be not the slightest shred at once. of misunderstanding. In ex-she cannot do so except with living of the people
disadvantage into that considerable
to Aslan countries. The panding our exports
potentially more herself. For instance, she must approach is, however, not with valuable and valuable, market have had to sell her cotton crop, and Britain an exchange of trade, but a tirade Anglo-Iranian own anothe
of surround- rely largely upon "trade con- is her biggest buyer of that com- against the US.A. accusing her 32 square miles suls" placed in key
goods ing land. The refinery could be cities in modity; she has to buy from us of withholding needed the United States.
a multiplicity commodities, while devoting her materials and expanded to handle 10 million including machinery, if she is to efforts to rearming in Western tons of oil a year, reduce ber
sterling balances. Europe. This was the complaint These
to prove are going
voiced in Singapore by the thorny problem for his view that that Government.
our new Russian delegate. V. P. Vigunov, 32,600-ton tankers, are being The U.S.S.R. is at a meeting of the market would be
Economic tulit. exploited negotiating trade with Egypt in Commission for Asin and the Far effectively only by private
Cairo, cotton in exchange for East, which is considering the are working on the project. Initiative developing private en-
and for impact of rearmament on trade. terprise. Borrowing a leat from grains and machinery
Czechoslovakian armaments, The
Mr J. A. Richardson, from the book of that predecessor in six
in office, the new President would 1950 with Egypt, according to re-
chief trading nations
Kentucky, who is in charge of be well advised to close those
It must be borne in mind that pipe prefabrication, said: "The welders is as trede consulates at once a turns in the September journal now the Diet has
ratifled the work of British the Anglo-Egyptian Chamber apply the dollars thus saved to
of Commerce, the lowest on record in a period financing the exodus of a phalanx Kingdom, France, Italy,
were the United peace treaty, Japan will be in good as any I have seen in any
the position to open formal part of the world. of business heads of firms and
for trade negotiations India and Aug- China, United States,
"It has to be perfect. Those their
to the
and 50 expand representatives
tralia (three of them within the viandestine exchange now going pressure; one
pipes Will carry oll under United States, who will instil
-email leak and The U.K. im- |***** sterling
area) ihat personal
China is so insistent upou you have contact between
got a fine on your ports from Egypt totalled £38 obtaining buyers
from sellers
and in order to million and exports £41 million. and
giving hands." London Express Ser- cemment prosperous and happy India's total trade (import and customer, that even U.S.S.R. in-
traditional vice. business relations. A reduction export) was £21.5 million, Ausfluence at Peking cannot crush in cost to the consumer here can tralia's £13.5 million. Russian the Chinese pressure to
trade with Egypt last year that trade, in which others, In- Such a reduction of cost could
showed a considerable increase be the only possible result from such business competition and over that of 1049. In the latter cluding Britain and the USA.
will be entitled to participate. freedom of action with, naturally valued at £3,090,000 and ex
Russia imported goods year
Last year, Japan traded an an improvement of quality, as
exchange of goods- at Hongkong £688,000. the private trader dare not offer ported goods worth
to the value of $91 million; this what the retailers have had to Last year the comparable Agures year that exchange should be autocratic were imports £8,788,000 and ex-doubled, with that, again, in the buren bureaucratic importers. That ports £5,885,000.
expectations
would
Committee The
said the, 1,000,000 bales below the pre-
redur- vious month's estimate. principal cause of the tion is the November 1eport of
Present U.S cotion output which dropped prospective production leave the reserves at the end of season at between bales the current
1,500,000 and 2,000,000 bales
figures from 16,331,000
to 15,771,000 bales.
suld
thereof greatest demand.
The Committee are also substantial downward
While Agriculture officials revisions in the crops of Egypt,
silence, they were Anglo-maintained Syria, Turkey,
the
understood and a
be considering to Egyptian Sudan, India
two possible answers to the number of other producers
The Committee said, "The problem, firstly, the reinstate- dotal
the reduction from
cotton ear-ment of restrictions on lier estimates for countries exports to friendly foreign na- qther than the United States 13 tons; secondly, all-out produe well over a million bales" tion next year with increased
Production outside ΟΙ the cotton acreage. United States now is calculated at about the same as last son's 17,600,000 bales, it said.
If world consumption this season is maintained season's record, breaking
the 33,000,000 bale rate, it would all this
absorb all or nearly
production
at
last
Brannan Last summer, Mr removed all restriction on ex ports when cotton growers de- manded higher prices on their crops. But he was relying on estimates of a 17,000,000 bale crop. Unofficial sources
said
Mr Brannan probably will "sit tight," keeping close watch on
snsidering the present es- the export figures to call a halt
pro-
timates of world cotton duction
the and world consumption in 1951-62, it now appears that there can be no sizable increase in stocks
this season."
LOWEST IN YEARS
prospective when they exceed the "safe
margin".
In any case, Mr Brannan al- call for all- most certainly will out production next year. This pases still another problem, be- cause any cotton acreage in- crease might involve reducing World cotton stocks at the Southern and Western plantings beginning of the current sea- son were at the lowest level of other badly needed crops such
as corn and feed grains. in many years, totalling
There also is the question 10,900,000 bales on August 1. compared with 16,800,000 bales whether cotton growers would on August 1, 1950,
28,000,000 50 along with the request for bales at the end of the World all-out production without de War II, and 24,800,000 bales in manding an increase in the cot- 1038
ton price support level-United
only
Meanwhile the AgriculturePress.
said
Department
last that Thursday's report did not take into consideration the effect of the early November
freeze, which will probably result in somo reduction in quality in Arkansas, Tennessee and neur- by areas.
The percentage of crop gin-
ned by November 1, is general-
ly larger than the average of
the East Mississippi River but
Courtaulds' Project
Point Clear. Alabammy Nov. 11. Str John Hanbury Williams
below the average of the West. of London, Chairman of
the I the Government's estl-
to- Board of Courtaulds Ltd., mate of high consumption day announced. that the big levels this year
true, British rayon-making Arm ex- proves the
of pected its first American plant carry over at the and the season
may be nearer
to be in operation 22 miles Iles than the north of here this autumn. bales expected before Thursday's report trimmed Sir John, who, is elao a Direc- down prospective production. tor of the Bank of England,
lower made the announcement in This would be even
bul result.
accept from the
of
the
would be
o liberalisation OS
INDIAN FINANCE trade such as has been envisaged by the Economic Co-operation
India's sterling credit balances Administration through the Or- have now almost disappeared. ganisation for European Economic There has been another, recent. Co-operation involving 18 nations understanding on them between in Western Eurove and by the India and the United Kingdom, principles of the General Agree- At mid-August, 1947, they stood ment on Tariffs and Trade.
STUMBLING BLOCK
as high as £1,160 million. By the end of June, 1950, they had dropped to £622 million, with an effect of ensuing increase to £648 million Government bulk purchasing. year. To enable India's financial by the boginning of July of this restriction on trade and aye
participation in the Colombo
The deleterious
CHINA TRADE
necessities
10
her
with that
resume
future rising still further, as the Importance of Hongkong as a transshipment centre for the whole of the Far East is out- Browing its pre-war Importance.
FARMERS
BUY THREE
weapon of reprisni, is shown plat, palad to agree to local CARS EACH
In
а
report prepared
last
record.
as
the
gold world's
Forty United States technicians
Row Brewing
Over Re-sale Car Prices
London.
A big row is brewing over the
cars now Ahousands of export being brought back from Canada; trouble is over the "conditions of sale."
The
of the
"KIKLORÉCEPTI "KIELDRECHT. "AAGTEK "AAGTEKÉBK"
Europe & Singapore Japan
BAILINGS
TO
Japan via Manila Atānija, Singapore & Eerope Japan via Manila
Manila, Bingapore & Europe
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via BAN FRANCISCO, LOS ANGELES AND PANAMA,. NEXT SAILINGS
M.S. "SALLY MAERSK” M.S. "LEXA MAERSK” M.S. "ANNA MAERSK”
Nov, 17 Nov. 30
Dec. 16
ARRIVALS FROM U.S.A.
M.S. "ANNA MAERSK” M.S. "LEISE MAERSK"
Nov. 16
Nov. 30
Dec. 20
M.S. "GRETE MAERSK”
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel: Nos, 36066-9.
PATTISON ORIENT LINE
LIMITED
until the British Motor Tradea. 1. “LAURE FATTISON” Association stopped, in.
12-14 Queen's Road C.
There are three camps: First. one group of manufacturers who say the cars should be put under the full two-year covenant, Any other mode of sale, they say, would be unfair competition.
A second group of maratfac- turers and dealers contends tha month by O.E.E.C. in Paris.to her £210 million over a period
the cars should be put under a of six years. The United Kingdom la
Capetown, Nov. 11.
special covenant lusting only six shown as the stumbling block to The latest understanding, in
South African farmers who for months, because buyers will a general liberalisation of trade in order to give India drawing Western Europe. (That conclusion powers on a currency rezerve, is ears have lived in the dusty, have to pay up to £200 over
semi-desert called the Kardu, list price. of a further their one luxury a grimy wreck may be equally true to trade the appropriation within the Commonwealth, and £300 million over the next six of a car to take them to the covers most of the dealers con. third group and this in the world at large.)
years. Apart from current trad-nearest town, now own three or cerned, and the makers One comment on this state of ing, these two appropriations will five cars each. The wool boom cars contends, that as unusual affairs in the report is: "Direct almost wipe out that 1947 hug has changed poverty into wealth conditions apply to their sale, Government buying, usually on credit, which India had with us
be under long-term contracts and
This year South Africa will the cars should not on a and which had a cluttering effect bilateral basis, admittedly runs on our whole balance of payments almost certainly get £70 million covenant at all. counter to E.C.A.'s liberalisation as between the countries in the from wool sales-double last The makers nearly got away goal, the creation of wide intra- sterling area as well as with the year's figure, which was itself with their no-covenant plans European market in which the rest of the world. forces of competition can The clearance of these credits effectively bring down prices." will result, presumably, in the
Wool is bringing the Union
An official of that association Another comment is "State trad-future trade between the United more than half as much over sald: you can be sure the ears Ing has two harmful effects on Kingdom and India, being on a sets currency
will be under a covenant. But the European economy.
First, cash basis, or current debits and from the Rand-the
no one knows what it will be of greatest mines. producers can usually secure credits. The consumption
not until the makers thrash the term contracts from 850,000,000 people, if their pur-
But it has also brought a near-
motter op: at a meeding of the long- Government importers and, as a chasing power can be raised even famine in matton
for Manufacturers. Society of Motor consequence, tend to hold back modestly by the application of
Then the dealers will discuss Few farmers will slaughter it at a meeting of the B.M.T.A. on measures to improve produc- the Colombo Plan, will be of tion efficiency. Second, pro- considerable beneft to us, On sheep for meat these days. Thes It is anyone's guess how the ducers dealing with State im- the figures already quoted our keep them alive as long
the wool on their than the 2,200,000 bales left interview with newspaperman portera have shown themselves debt to India has been reduced possible for
of at the Grand Hotel at Point reluctant to lift output, preferring approximately by £100 rallion a bucks. on hand at the beginning this season--the lowest since Clear where he and other off to cling to a known market thon year, allowing even for the cost 1020
Britain may benefit indirecuy clals of Courtauldes and its sub- to run the risks of over-produc- of Imports from that sub-con-
Shipping: Government, planners would sidiaries are slaying during their ton." Thus have shortages in timent. If such a volume of trade from wool fortunes. like to have about 5,000,000 Gulf Coast visi
this country been created and exchange can be maintained it companies report considerable He said the Mobile County perpetuated.
will definitely be to biles in reserve supply during
our bookings by wool growers for plant involved investment Hore Is an emergency.
something
Lord advantage. At $7,000,000. ***The total supplies of cotton estimated
It is Woolton to improve. His return
· Karoo's golden fleece has - JAPANESE PLANS brought something pise new: for: the
солод
be being constructed on a 650-acre to the post of virtual Food Con- now сап Bured at about
farmers are forced to consult troller 18,000,000 site near Sulca, Alabama, où the
13 welcomed; ปร But Japan seems to be desirous adorneys about their tax prob bales instead of the 20,000.000 Mobile River United Press.
administration in that post during
Kiss of taking an active part in S. lema. Ques wait the war years evoked world-wide Asian developments. In this she front of the village lawyer,
dally in admiration and praise. Durios the backing of the United Some them, too, are buying January-Augthat of the year states, anxious to see the in- meat from a shop for the firm SAN FRANCISCO, LOS ANGRILI Within Western Europe, we line dusielal expansion of Japan to time in their lives sorted $743 million of, food and
„FOR HOW LONG! foodatus of that, $258 million help repay the gifle and loans the WEE Ton Government
account
unts had received, Japan's mcpansion But the wood farmers are not Chrámu, Marindu Eslanda, Mleransilan tilknds Wholesale food Dilcés ki' the | -45"
France, on the other hand, had alims to mekate development only US decllied · last week for the 322 million, oist of a total of $161 With This, who can supply a worried, too. No third wook in a row and now milion, bought on Government are proportion of the coal and what will happen are at the lowest average level ago Thaly $14 million out of play the make time, Pakistan tinu Some have just put thei since last November, Recording 100 million and Turkey $4 The Sectiary of Arlobture, to the Dun and Bradstreet food Mr Chad Brannan, faces Index.
bates expected earlier." This would be made up of Thum day's · estimated
production
Init
ДА
carryover of 2,200,000 bales and FOOD PRICES IN
U.S. DECLINE
imports. The Agriculture De- partment experts said domestic consumption is expected to run to about 10,000,000 bales, United Free,
BIGEAS DAMAKNOTTY PROBLEM
theas Withington, Nov. 11.
New York, Nov. 11.
for
million out of 48 million, nop
KGYPTIAN SITUATION
KOLY Dew: problem-how- to -A1 18.04, the bidex was one i zamuseum mayores men lamala rata voiton reserved. The cant lower thin Ism week, and
Key problem ruched a hand when compared with 30.03 m' an O for the paniculture - Depaåtanket Telo yenu's, kich, win $7.01 on
as covenant will be worked out.
The general, Idea in the trade was that ly would be a six-morith covenant.j
They are
one knowi to them in
Due From:
Kobe,. Nov. 17th
Chinese Agents:
Satis For:
DIRECT Pusan & Japan, Nov. 21st
Tel: 25346,
OVERSEA CHINESE STEAMSHIP CO., LTD.
48 Bonham Strand W. Tels: 26646, 26127 & 81119
Pacific For East Line, Inc.
DIRECT
LUUKENBACH“ Bvalued at 897 money in the Bank... Othera
sid wants, in fave ploughed it Uncle into tale | "TRADE WING"
Fazze fencing, more Jark
Fast Kögular Trina-Pacifle Survica
YORK CHE
SUO-DETROIZ:ZÖRONTO
MONTREAL" AND ALL CMERICANA DANADIAN CITIES
Bervise diteer or with franakipment.
Bán, Francisco
Nov. 23
Airte
404