THE CHINA MAIL,
THURSDAY, NOVEMBER 22,
1951.
MESSAGERIES MARITIMES Steel Again To Plans For Colonial
MOM
"FET EX ROUSSEL"
"EIR HAKEIMA
MONKAY"
Arriving
Leaving
Outward For
Dry. A Dav Der 12 Dec
,
JA
Homeward Pot
N. Africa Europs Manila, salger &
Target
*FELIX ROUSSEL"
Der 4 Ber Der Ꮮ Dee.
+
1"BASTIA"
Der **
Det 24
N. Africa & Europe
•
passengers & freight
↑ freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanca, liavre, Dunkirk, Antwerp &
Rotterdam.
Bubject To Change Without
Notre
CIE DES MESSAGERIES MARITIMES
PO Box 53, Hongkong
Queen's Building (gr. floor) Tel. 26651 (9 lines).
Most Of
World
Getting
Says
Hungrier,
FAO Report
Rome. Nov. 21.
Be Rationed
London. Nov. 21, Steel rativning will be re-imposed in Britain next February, the Ministry of Supply announced tonight.
The parlier rationing
system, introduced at the beginning of Word War II. was discontinued in May. 1950, except for steel and tinplate supplies,
August the Labour In Government announced that io bring back it Intended the allocation system, which would give the Ministry of Supply control over carbon steel for defence and in- dustry-Repler.
EXCHANGE RATES IN
NEW YORK
New York, Nov, 21.
New Zealand (pound
Norway chEODET Portugal insetićuj Spala pesetas
Only five countries in the non-Communist Sweden kron
world-the United States, Canada, Australia, New Zealand and Argentina-have
Switzerland fee
US$0.85-13/16
2.79%
Development Still
In The Embryo Stage
(FROM OUR OWN CORRESPONDENT)
London, Nov. 21.
Colonial circles in London are mildly disturbed lest a wrong im- pression is given by prominence in Press reports today that the Govern- ment plans to step up colonial production of food and raw materials,
A plan of this sort is under consideration but
it is very much in the embryo stage.
It is authoritatively learned that new schemes for the colonies could only be increasing production in formulated in consultation with the colonial govern. ments concerned - and even that stage has not been reached.
At the same time. however.stantially increased provided the the British Government is de- United Kingdom could supply the and plant needed termined to give a lead in this machinery
today's reports for mich development. direction, and
It was indicated at the time, are no more than an expression
however. that there was no of that determination
giving higher The question of production intention was discussed recently by priority to supplies of machinery Commonwealth and Colonial to the colonies.
Exports to the Commonwealth representatives in Lundon, and the cunclusion reached was that and Colonies would be expand- production of many types of ed wherever possible but it was that if everything sub-pointed out
was given priority, the effect would be chaotic,
Now it
is suggested that Mr Lyttelton intends to fini some means of stepping up applies the of technical equipment ໂດ colonies.
materia!
caula be
NY COTTON
FUTURES
RELIANCE ON COLONIES
The Commonwealth Finance
Canada collati England offtau!
2.80%
knowi
2.32 bid
A-ta
TUTUTOR Intures
2.35 asked
2.71
Australia (pound
2.22
South Attwa podi
2,801
Bestu stranci
Denmark krome
Kience flaner
DIPS! 1458 0026-9/16
Taw
We inan Deulse-
mark
Huiland (gundert
afyal
4.20
2630
1100,
1405
45347
020年
0935
MIDDLE EAST
Exp (pondi
2.09
03125
2.81
Turkes LATIN AMERICA
$375
today as follows:
Argentine officia!
9705
Spot
42 AN
Brazil cruzeiroi
.05.00
December
42.35
are
Bolivia (boliviano)
March (1852
Chile free
OLDO
Muy
41.86
Columbla pesar
4025
July
$1.30
00
Octube:
38.
Mexico (pesu ! Peru free
.1155
December
38.6$
0050
March (1952)
25.30
Uruguay (pesni Venezuela
.4029
May
Bolivar
2009
FAO
FAR EAST
NEW ORLEANS MARKET
India Trupeer Pakistan rupees their Hongkong
Indonesia
2103
Spot
43.95
9030
December
4251
.1756
March (1892;
2040
May
48.04-42.03 41.83-41.85
hoth meetings.
.3295
July
41.20-41.35
Meanwhile
360 yen to UBS! --Vulled Press
October
39.00
December
38.53
28.35
83.35 bid
food than Tran trial more
they need, the United Nations Food and Agricul- tore Organisation (FAO) reported today.
Dollar Gap
In France
I
Pari. Nov. 21.
thal was disclosed today French dullus Kap was
October $34,300,000
as the goverome laid plums to carry 1 the dolimaving austerity programme.
Imports from the dollar zone tere $63,500,000 for the month, a drop of $1,000,000 from on all-
ne high.
Exports were only $29,200.000, a slump of $3,300,000 from the previous month.
The decrease was traceable to The drop in Indutrial ak obos exports which fell off consider ably as France neared the end of delivers on contract for the United States,
Exports to the United State
The rest of the nations getting hungrier, a survey pul before the Organisation's sixth world conference added.
The survey included neither the Soviet Union nor any of it: satellites, which are not anembers.
All that 14 known of ful situation
Iraq dinar
(ra)
Cuba (pes)
is that harvests this year have been reported Singapore above normal due to excellent Japan weather.
Argentine, said the report, still has a food surplus to ex- port though her production actually has decreased since the
War
The Rubber
Markets
Prices
أن
In the United Statex and Canada there have been large increases in food output, while Australia and New Zealand have meintained their surplus at pre-closed today as follows: and also have fed Number rubber. In cents war levels
per i considerably increased popula
December January/March (1852) April/June July/September
lions of their own.
The other nations with nine times as many people not only lack surpluses but production is War II
in Ocicber totalled $45,300,000 | slightly below World
as against the September mark of $31,200,000, while imports from the U.S. fell from $27,600,-
000 to 23,700,000.
On is one of the big dollar
items and France ha begun
negotiating with Diam
per in-
levels and food supplies
due to population person.
renses, average only 90 per cent
of the 1934-38 output.
STRIKING CONTRAST
The Near East, however, shows
transfer the major put of the considerable improvement in its Holiar 0:) imports from agricultural production and fur- Venczuela 20 the sterlingther improvement is anticipated. kremunt of Shell-United Press.
The report said:
TRADE TALKS Zealand
A FAILURE
Djakarta, Nov. 21. The departure of a 30-man Indonesian mission to Japan has indefinitely because postponed in on their trade negotiations lu Tokyo last weck.
United
a
J
London, Nov. 21
rubber futures
415-42
41-412
40%-41
391%-%
39 -38
SINGAPORE Prices
rubber of closed today as follows: Number rubber. per b
Kovember
190 -140')
-1391 139
New York, Nov. 21
Prices of cotton futures closed Ministers, who are due to meet
March (1893) May
here early next year, will dis-
HONGKONG SHARE MARKET
(From Our Correspondent)
Business done on the Stock this morning was Exchange
Noon quota- valued at $407,591. tions and the morning's trans- actions:--
SHARES BUYERS SELLERS SALES GOVT LOANS 31⁄2 (1948)
BANKS
Date
in Fort Port
tad Dec.
8th Der.
Fitb
4th Dec. Dec.
ith Déc.
50th Dec. 10th Dec.
22nd Nov. z3rd Nov.
GCh Der. Yatı Dec
ELH Doc.
9th Dec.
18th Etc. 28th Dec.
PAL
Ship
"TUBODAS "NTRAAT
ARRIVALS
MALAKKA "TJTJALENGKA" -VAN BKUTSE
LUYS TEGELBERG"
"TASMAN"
TARMAN "RUTS"
"TJIBUDAS" "STRAAT
MALAKKA”
From
Japan
Japan
Macassar, Java Ports
Aingapore
Japan
S. America, Africa $ Japan
Singapore
Penang. Belawan Dell & Singapore
Japan
Тарая
SAILINGS
--TJITJALENGKA"
"VAN BEUTSE"
TASMAN" "TEGELBERO"
"RUTS **TARMAN"
то
Java Porse & Macassar.
Manlio, Singapore, R. &. N. Africa & South America.
Singapore, Java Ports_&_ Macassar Singapore, Penang & Briawan Deli Japan Ports slògapore.
Japan Ports
Africa & f. Ameries
Singapore, Penang & Belawan Dell
General Agents: HOLLAND EAST ASIA LINE
ARRIVALS
Date
In Fort 11th Dec. 13th Dec. 5th Jan.
Ship
"KIELDRECHT" "KIELDRECHT“ "AAGTEKERK" "AAGTEKERK"
From
Europe & Blogapore Тарал
“KIELDRECITT" "KIELDRECHT" "AAGTEKERK" "AANTEKERK"
Europe Singapore Japan
SAILINGS
TO
Japan via Mandia Maalia, Singapore & Europe Japan via Menila
Manila, Gingapore & Europu
TINGS BUILDING TELEPHONES 2015 TO 28017
150,000 ₫ 04
22nd Nov, 12th Dec. 13th Dec. 7th Fab.
HK Bank East Asie
1585 1600 35 1800
124
INSURANCES
Clanton ..... Union
Underwriters
300
2133
765
6 0
DOCKS, ETC.
K. Whert
103 100 101
NP. Wharf
Dock
€ 6.90 173
Provident
R
S'hai Dock
4000
3.70
Wheelock XD 33%
34 1300
33%
cuss the whole balance of pay- ments problem, and the ques-LAND. ETC. HK Hotel 42.05-42.05 tion of stopping up produc- HK
Land
-United Preka.
-United Press
Newsprint Production
Expansion
tion of Commonwealth raw
materials
is almost certain to come under review again,
53 500 516
UTILITIES
Trem
lt
16.40 16.70 2000 @ 15%
Star Ferry..
123
C. Light (0)
C
C. Light (B)
Blectric
Elec. (Bonus)
211
372 # 21
is considered ikely that a full- scale commodity conference may follow the finance con- ference. Colonial
lives may
representa-
he present at either of
the Governmen!
0.70 600 0.45 Light N 8.35 6% 4500 96
Telephone
INDUSTRIALS
Cement...
15% 200 15 15 500 19.10
ETC.
18000 18
3.70
•
is relying heavily on colonial to help production
colve the STORES.
Dairy United Kingdom balance of Watson
and it Is COTTONS payments problem,
Ewo Mr Churchill is reported that wking a personal interest in the matter. Discussions which ere now going on Cabinet tevel may well result in
change in
British colonial pro-
complete policy regarding duction. Mr Lyttelton is ex- pected to announce details of this policy In the Commons
shortly.
Criticism of Labour's colonial
by policy
the development Conservatives while they were
the
Car Exports
Set A
New Record
London, Nov. 21. in opposition, and the publicity i news- given to such failures us
A big increase in car ship- eggsments
Lo Bul groundnuts and Gambia
Australia during schemes, have placed the Gov- October was largely responsible
of position
in the
Washington, Nov. 21.
today The US Government United Pres
approved an almost 50 per cent MARKET
futures expansion of domestic
print production facilities. officials sold it may be some time before necessary material: crnment
heving
to justify their criticism for an all-time record in British can be made available.
and car export values. can The Defence Production Ad- by practica! proof that it
During the month 11,532 ministration (DPA), although ic belter, approving the expansion, said that more urgent defence pro- other, it is sure to give a great as compared with an average of needed deal of thought to the matter. 8,056 in the third quarter of the The totsi number ship.... aluminium and the general impression here
November
December
January (1952)
Number 2 rubber,
Numbe: 3 rubber.
136-13
130 -1315
:26 +12 1401- 104-10845 steel,
November
Number 4 rubber.
November
Spot rubber, unbested
Black crepe No 1 pale crepe
United Press.
ISRAEL TO CUT IMPORTS
and
jects will have to get
copper supplies before the
Jerusalem, Nov. 21.. Israel's Finance Minister, Mr print.
forecast mure
For that reason, if for no vehicles were sent to Australia,
raw
newsprint is that a fresh outlook towards year.
these problems can result in ped to importing countries was 32,007, valued at over 211,000,- plants can get their materials.
nothing but good. The
DPA's office of pro
000. "The United States, Canada
gramme and requirements ap-
MANY PROBLEMS
Mir Gresham Cooke, Direc and Oceania (Australia and New
proved an expansion prograIKI 2
of the Society of Motor Development of colonial pro- tor present
striking
that would add 499,000 tones to
duction
and Tradera problems. Manufacturers poses many contrast to the Near East, Far
the yearly production of news-
One of these is to persuade UK said the October Bgures were East and Africa.
the fuller the industry's "answer to total manufacturers to make The
Stales And
with This compares
Jeremiahs" who had been fore- Canada combined, with only Kaplan, today
cute in essential imports to represent U.S. newsprint produc-use of colonial
them telling the imminent collapse of seven per cent of the world's
duce the trade gap. He tabled tion of about 1,100,000 tons. The and substitute
for traditional" U.S. imports about 5,000,000 possible
Britain's export drive. population to feed and clothe, duc
Substitution of hard a year from Canada. materials.
woods for soft woods, for in- already produced 17 per cent before Parliament a Bill pro-
He said the industry had of all agricultural output before posing legislation of gold held associated Press.
by Israell
stance, will be encouraged and taken the initiative to expand the war and now have advanced sible handing over of such gold
this should
resuit in an im- the Canadian market by atrang- mediate saving to the TreasRATY.
of dollars and ing to take part in the British section of the Canadian National In most cases, however, any Exhibition at Toronto substantial increase in colomat summer-Reuter. production must await full-scale development schemes and this is likely to
reopen the debale the respective merits of private and government invest- ment.
to 22.6 per rent."
Latin America's food produc-
Essential Imports worth 300
The mission, headed by the
New York, Nov. 21. la the pepper market, Spot European currencies. Dr tion outside of Argentina ako million Israeli pounds had been Minister, Communication: Raden Juanda,
originally has been expanding, FAO said. taken in since the establishment was indicated at around $1.66- around $1.64. planned to leave on November Associated Press,
of the State compared with ex- 1.87 and afloats ports worth only 40 million Interest in other positions was Israeli pounds, he said-Reuter. negligible.-United Press.
23 for talks with the Japanese Government.
In u Cabinet meeting to- morrow, the Indonesian Govern.
probably hear ment, will
Leport
the
of Dr Asmian, who headed the trade delegation to Tokyo, and an official announce- ment that the negotiations have been postponed is expected to follow-Reuter,
Spain Asks
US Loan
Washington, Nov. 21.
An Export Import Bank off- cial told the United Press today
for a $25,000,000 has applied loan to buy United States cot-
JAPANESE BONDS that the Spanish Government
IN LONDON
Auto Industry Sales
And Dividends Down
Washington, Nov. 21.
Sagging sales and dividend payments in the London, Nov. 21.
ton.
The application is not included automobile industry were reported while most 68% in the $6,500,000
for Spain by the Congress last other lines showed a modest pick-up.
Japanese bonds
"A" ($s. of 1899) "B" (ds, of 1910)
« (59, of 1907)
"D" (56. of 1034) "E" (5%, of 1034)
Consols
Dow
58
credits voted
year, but represents a separato transaction.
The Bank is now
fore
The Conservative Govemment
investment in
the
next
LONDON TIN MARKET
will probably lay more stress on private
London, Nov. 21. colonies than on direct assis- Prices of tin were steady this face from public fonds but morning. Turnover yag 85 this involves certain guarantees tons, including tons for cash. not only to British producers Prices closed at the end of operating in the colonies but the official morning session as also to the colonial governments follows:- in the territories concerned.
Mixed Market
In Grains
Spot tin, buyers Spot Win. belfers Business dane, at Three-months Un, buyers Three-month tim, sellers Business done at Settlement
2.000
1,000
9371%
062
1000
United Press.
Ded
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO: NEW YORK, BOSTON, BALTI WORE & PHILADELPHIA, vis SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
M.S. "LEXA MAERSK" M.S. "ANNA MAERSK" M.S. "LEISE MAERSK”
Nov. 30
Dec. 16
Dec. 31
ARRIVALS FROM U.S.A.
M.S. "LEISE MAERSK”
Dec. 5
M.S. "GRETE MAERSK"
Dec. 20
M.S. "OLGA MAERSK❞
Jan. 6
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel: Nos. 36066-9.
PATTISON ORIENT LINE
LIMITED
Due From:
Kobe
86. "LAURE PATTISON"
In Port
12-14 Queen's Road C.
Chinese Agents:
Balls For:
DIRECT Pusan & Japan, Nov. 23rd,
Tel: 25346.
OVERSEA CHINESE STEAMSHIP CO., LTD. 48 Bonham Strand W. Tels: 25646, 26127 & 31119
NOTICE TO CONSIGNEES NOTICE TO CONSIGNEES
Consignees par BARBER-WILHELMSEN LINE
Cotisignees per "BENCLEUCH".
EU. "TALLETRAND”
are, hereby, notified that their cargo are hereby noted that their_cargo
i boleg discharged into the Hong- is being discharged into the Hong-Kong & Kowloon Wharf & Godown kong & Kowloon Whart & Godown Co'n godowns whey, it will be at Co's godown where it will be at | Cortal gees: risk and subject to the consignees risk and subject to the Wharf terms and condition of Wharf's terms and condition AZ, storage, and where delivery may be storage, and where delivery may be obtained. obtained.
Damaged packages are to be ER Danged packages are to be left in the Godowns for examination by in the godowns for examination by Consignees and the Company's T-
Carmichael Consignees and the Company Surveyors, Mem
and
Exchange Rates vero Heart Goddard Douglas Clarke, at 10 am, 14th November,
Budness was done in the loc]
exchange inarkot notie morning at The following rates:-u,
0175 (per $1)
** 10.00 3.00 Indonesi gulliers (ber 2003
Prices of grain futures closed Sterling hoto par
Sam tical (per 100) Singapore (Birzile).
FIC piskires (per 100)
2009-24 23042-4
this Dividend payments by au- 133,000,000 in September tomobile corporations amounted year. Because of the big drop In processing to only $122,000,000 last Septem-the auo industry, this totul Sep- 62% the application and it is ok-
pected to take several weeks beber compared with $242,700,000 was two per cent under
Chicago, Nov. 21. -United Press.
decision is reached. The in September of 1950, the Com-tember, 1830.
The For
irst nine months of
Grain futures closed mixed the merce Department reported. consider Bank has to
This decline contrasted with the year, automobile corporation today. Wheat closed to 14 Spanish security for repaying
11
from centa higher. down cent in NY Stock Market the loan and the exact amount dividend payments for other In-1487,100.00 in 1950 to $400,200,-
Now York, Nov. 21. of money and loun
terms the
dustries.
009 this year. Total dividends by Jones averages at the bank would be prepared to
ChWhest-price per bushel. Meanwhile, the Census Bureau all corporations are as follow
Sp01 end of the stock market session grant-United Press.
reported motor vehicle retail $5,040,000,000 last year to $5 be
March. (avis) Alas dropped eight per cent in 500,800,000 this year,
For the athe-month period, My October of this year compared with October last year. Rethil automobile dividends are down, July before Best sales generally were up two per 12 per cent although
September they were 27 per cent Datenber centr Now York, Nov. 21, Prices in the veda and oils
The two reports apparently above top levels are (112)
ther decline for the only other marleet closed changes with reflected a lag in, the automobile New York, Nov, 21. the following exceptiona business toited perhaps by a nine-month period was In the Chopra was quoted today at Castor Sead, per long ton, combination of reduced demand food, beverages and tobacco in- Ext 19Babar bort son asloed. FO,B. Brodam ppet/ 2.77 and defence restrictions on pro- dustry, where sales, fall on Tram
8912,100,000 list Year to Coponnut all was quoted Today nominal.
Canis dividends reported by 000,000, this
Ununk: Pross
corporations amounted to $14 Press.
stood as follows;
30 Industrials
2.60.72
20 TÄNKING A
40.70
Seeds And Oils
190.73
--United Presb.
13 illities
40, bonds
Flax Seed, per bushel, F.O.B. Memplita. 440-United Pr
Corn
ye
Deomier
· UDISE·
(1958):
100,
New York
20.00 1.800
11.00
at 10 am. on the zu November, 1981..1
To comply with the General
Warehouse To comply with the General Bonded
Regulatiosis, Vortiges ut have » Havenite Warehosam Rogofficer in attendance when darnaged consignees must here # Bevendulable goods are examdard,
Buided
Ocer in attendance when damagect duitable goods are examined.
„No Claims, will be admitted: after the goods have fert the steaner's
No claims will be admitted after
godowns, and all gooda, pernainjing the goods have "bett: the · Riominer's
unchelivered acier, the 28th November, godown, and adf gooderemamang wil bewubject be rent undelivered after the žiri, Movem- ber, 1951" will be subject to rent,
NY Metal Market All diskis against the leaner mised on rezore the in provid
New York, Nov. 21, Prices in the metal market ološed today unchanged with the following exception>
Antimony -Chimericum, 093% por sent: goede in bulk cerfond lota,
mum be presented to the Under aligned on or before die sin, Nove bar, 2001, Une day. Wii Smot! BU recognised.
No Tire Romurmures wih ke affected.
1:03. Texas, in eqnta: $0.00.- | Hongkong, 18th Mormober, 1881.
A dis
the steiner must be promited The undere War, 1931, or they will not be Ek- posled
No Fire Inearmice will be efferiod.
W. B. LOXLEY & CO. CANTEMINAS LED,
Most 19th November, 1001.