MESSAGERIES M
Artving
"FELIX BOUSSEL"
"BIR HAKEIM”
THE CHINA MAIL, WEDNESDAY, NOVEMBER 28, 1951.
Budget
MARITIMES Technical Japanese Trade Tape Re
M Aid For
Outward For
Leaving
Be
Den
+
Uta
Marseka D
Bee
1X
Japan
+"MONKAY"
1
4
bet
5
*FELIX ROUSSEL"
Dri
A
Dec ↑
***BASTIA"
Der
26
Dec.
27
• passengers & freight
Botheward For
N. Africa & Europe
Manila, Balgon &
Marseilles
N. Africa & Europe
↑ freight for Salgon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanca, Ilavre, Dunkirk, Antwerp &
Rotterdam.
Subject To Change Without Notice
CIE DES MESSAGERIES MARITIMES P.O. Box 63. Hongkong
Queen's Building (gr. floor) Tel. 26651 (2 lines).
Eastern & Australian SS. Co., Ltd.
S.S. "EASTERN"
direct for
AUCKLAND, WELLINGTON & PORT CHALMERS
Loading November 30th
For Freight and Partieni.rs please appis
Colonies
OFFICIAL'S TRIP TO AMERICA
London. Nov. 27. Colonial interests have! taken Mr John Marnham.) Assistant Secretary at the! Colonial Office, to the United States to study technical aid
facilities under
Plan.
J
the
there available
Marshall Aid
sale from London as E
monter of a three-man detega
יכון?
01 the Organsation European Econonte Comper
tion and will be away about S weries.
10
h
M: Mambar brads Colonal Office team ainmater s ing the techn.ral assistance jer game for apendent oversens ternturies and is a delegate 1. the overseas 1.4.mpe
lee of OEEC
1.
:
Competition
Said Inevitable
(FROM OUR OWN CORRESPONDENT)
London, Nov. 27.
The view that guarantees against a revival of Japanese trade competition cannot be written into the peace treaty is fully supported this morn- ing by the British Press.
"Treaty or no treaty, the threat of Japanese competition is inevitable," says the Daily Tele- graph.
Realism is also the keynote of the Financial Times' leader which takes a long view of the threat to the trade not only from Japan but from British export Germany too.
Presented
Talpei, Nov. 27. Premier Chen Cheng to- day presented the Nation- alist Chinese government's budget for the year start- Ing January 1, 1952. offered it to session of the Legislative Yoan.
A
secret
No Agures were publicly divulged.
Dute
of
1x Der.
GFz
Deg
Jih
per
1 Dec.
gib
ner.
11th
Dec
rach Dec.
16th
Dee
1st Jan. 2
The Premier's state the nation report to the Yuan on Friday, however, made clear that more than '80 per cent of the govern- ment's expenditure would be for military purpoSES.
Besides presenting budget at today's session the Premier also outlined the government's adminis
for trative
programme 1852 Asseclated Press.
the
Inni '52
4th Dec.
Der BEN
9th Dec Fich: Ner nec
13th nec.
14th Dec
3rd Jan 52
HONGKONG
3rd
Jan 52
In of the
wish from earning their living It may be possible to itat German and Japanese any realistic appraisal competition did not exist." it future-excluding the possibility says. "But it does. We cannot of a third world war-Germany On this trip, he will studs th
nor should we desire, and Japan must be included as workings st the Marshall Pian expect,
large potential exporters. relation to the, that two such countries Ath parte alar
varius large industrial populations can and discuss Calories
in the long run be prevented problema monneeted with proval
to the
LAPT
technical The boo
UK delegates are M. AS Pankhurst. Unle
Sewelax the 1
Treasa M. apr M.
Fashio Flow in
Fl Serreta CK delegation to the DEEC 1 d. Rate technical assistame ginip of the DEEL xelive
+
Baght other Bussipean counting are also sending amali lek
national pre trebncal astich
| tires, compah (SHIK
experts
!!
FIRMNESS
with
IN COTTON
FUTURES
In this newspaper's opinion is a rather "the real danger"
different one from that commonly foreseen.
must
very
"It is that the Western coun- tries,
and especially perhaps
under the this country, powerful compulsion of the im- mediate balance of payments, will forget that restrictions im- Posed
on trade to meet these
no: be taken as crises must
for guide to or long-term policy of
substuli
SHARE MARKET
(From Our Correspondent)
RIL
Ship
ABRIVALS
TJITJALENGKA" --TEQELBENG`
VAN HEUTSZ" **RUYB"
"THKAMPEK" "TĪBAÐĀK "TABMAN" -KJIWANGI →TASMAN
דוידחיי
From
Macassar, Java Parts & Japan
Japan
8. America, Africa
Matar, Ballkpapan
Chivutia & Singapore
&
Singapore
Singapore
Singapore
Penang. Belawan Deli & Ringapore MЯensar, JHVA POTES & Singapore
Japan
Japan
SAILINGS
**TJETJALENGKA"
“TEGELBEKO"
"VAN HELT87" **RUS'S**
**TALKAMPEK
"TASMAN
TJIWANDY"
"TARMAN"
"RUYS"
General Agents
Date
Tith Dec
Ship
"KIELDRECHT" "AAGTEKERK” "OVERIJSEL "AAGTEKERK"
To
_
* Jaya Ports Macassar singapoır.
6. Amerlea singapore, Africa & Singapore, Penang & Benwan Deli
Japan Posts
Japan Ports
Japan Foris
stacassar.
Java Ports & singapore
Singapore, Penang & Brtawan Del
Africa R 8. Manila, Singapore,
Amerfes
HOLLAND EAST ASIA LINE
ARRIVALS
Зарай
From
Europe & Singapote Europe & Singapore Japan
SAILINGS
го
Manita, Slogapore & Europe Japan via Manila
Manita, Singaporé & Europe
VIKINGS BUILDING TELEPHONES 28015 TO 28017 CHIRSLAGINIS, BL CONNAUGHT ROAD C 103 31186, 25139
19th Dec
1st half Jon
5th Jan.
Business done on the
this morning Exchange
AL $398,587.50, Noun valued
the morning's: quotations and tans: elons--
Stock
was
12th Der. 2314 Dec 7th Jan
"KIELDRECHT" "AAGTEKERK" "AAGTEKERE"
D
GEARES BUYERS SELLERS SALES
BANKS
1115 Выдан
East Asia
1380 100
125
55 18891
INSURANCES
Union
740
cm-
Strength
futures
W.
Farby ployment if world trade is itself
The expanding.
BK Fire
DOCKS ETC
140
N. P
Wharf
6.90
Dock
FEARS REMAIN
Provident
17', 14
Wheelock XD 331
341 34
LAND
ETC
HK Hotel
HK Land
31 20
of
Humphrey.
12
UTILITIES
Tram
10.55 163
The products of German and Japanese industry must be ti- ied min world trade; but this can New York, Nov 25
without causing Cetion futures weir ennaly be done being punk by the Marshall Pay on trad. buying and hot damaging dislocations of administrato Condtin Exyno
Doliu rests of the sturdy [
MACKINNON, MACKENZIE & CO. ¦ Servan
Agents.
Telephone: 27721-4
Anglo-Iranian's Sharp Attack On Teheran Regime
London, Nov. 27.
The annual report of the Anglo-Iranian Oil Company, Ltd., published tonight, charges the Iranian Government with a "distortion of facts" and with presenting the Company to the world "in a completely false light."
Sir William Fraser, Chairman of the Com- pany, in his statement to stockholders, reviews the conflict over Iran oil which flared up this year between the company and the Iranian Government led by Premier Mohammed Mossadegh. He winds up this review with a sharp attack on the Iranian Government.
The company
report
L present the report toBOTTOW Jeading WS- the year 1950 but Sir William's in the world's statement to stockholds takes papris, 111 the curent 1ra, The company
situatim: in
has
1
St Wilham points out in his propriated thousands of Pounds statement that had the ranjan Government accepted the com- pany's
50-50 plan for shar-
FOREIGN
Lon
re profits from normal opera. have In Iran it would received in 1951 about £50,- total national 000.000. (Iran's
£90,000,000 a
EXCHANGES budget is about
IN NY
Canada England-"Icini
38.
New York, Nov 27
2.80
Austraitp
90-day futures
Now Zealand
South Africa
Beiglum
Demark
234 Ind 2.37 asked
vr.)
Sir William
Philippines Invited To
Join Plan
Ixion. Nov. 27. The Puppies Government has been askest whether it would Eke
n lower
Covering. Drevanber prmpal supt arlingthanee, E the market.
for cotton 1 zile Demand
So far as Japan is oncemeð. Wid continues glow, but this
It continues. "obviously what is exten ing ex-i to be hoped for now is that the come
ollenarmistice negotiations in Korea pertations of
will open the possibility ip report on December Increased hedge seling
peaceful trade with China.
tears
remain Nevertheless local ight profi-laking by
cotton that Japan
vil once again em- bark upon unfair trade practices Daic Es Boon as the prace treaty is than ratified.
noderate rezēssions fares in late dealings
Futures closed $1 35 gher to 25 couts lower
previou close. December March
to join the £1,808,000 900, May six-year Colombo plan for the July
October genomic development of south De
As as a full December and southeast
was authorita-March
participant,
it
tively stated here today
Thie
reply to the understood
These fears, says The Times.
are not removed by the argu-
ཁ ment that Japan has now bonu internation- herself to observe ally-accepted fair practices or
43 19 42.66-70 12 38-55. 41.98-41.02.
39.15-17
hy the fact that she now has a 38.80 bid.
strong trade union movement to 28.65 bid
protect wage standards. 30.31 nominal.
it adds, "But,"
treaty pru- 43.70 nominal. I could dispel these fears or
trom Japanese shelte ---Associated Press.
competition."
May invention, Middling spot to have been sum
age, is st about two months
the Philippines
awaited from Government,
The Colombo Plan Consulta
NEW
МАККЕТ ORLEANS New Orleans. Nov. 27 Cotton futures closed 50 cents tot 1.35 a bale higher. level nexDecember February but where has not ve! March
fixed. Singapore and May
meet at Ministerial
five Committee is expected
been
I vide
JAPANESE
"no
REACTION
Tokyo, Nov. 27. 43.29 Japanese newspapers today the British House 42 70-73, funt-paged
of the approval 42.48-50 of Commons' 42.01 Japanese peace treaty but trade circles regretted suggestions that 39.22 Spot colton closed 75 cents a 'Japan might indulge in unfair
Karachi have been suggestej 55 July
possible venues.
Delober
All the Commonwealth coun-
South Africa, are ale highes tries. except participants in the Colombo plan. Middling sented in an advisory capacity The United States is also repre- on the Consultative Committee
If the Philippines joined t would mainly be a recipient of aid technical and economic under the plan, for which it would submit its six-year dustrial, agricultural, technical and social development scheine. I
Reuter
The Rubber Markets
-
London, Nov. 27, Prices of rubber futures closed today as follows:--- Number 1 rubber
also points out. "The company's expenditure in Irant during the last three years on housing, health, educational, social and recreational facilities
per b totalled its employees. for
£39,090,000. Its purchases Iranian currency during
expenditure in alone for tetailed £21.500,000, at a fixed by 05
of
Jaeuary (1952)
January/March
1930 iran rate The
April/June
Iranian Government which en-
latter to make
Hi
30-day futurer
2 79-15-16
2.791
2.22
2.70
2.88011
exchange
Fuance
01891% 1465 .0029-9.1G
abled the
West Germany
4.20
2030
proi: some £7,000,000."
on the dransaction
100%
1405
OUTPUT INCREASE
0347
Sprit Swedea
.0365
0935
Switzerland
MIDDLE EAST Egypt
2.80%
03125
2.81
.5375
0700
0500
0150
4023
1.09
110
Peru
DUED
Uruguay
40:25
Venezuela
2005
FAR EAST
have been
Ind
3103
Pakistan
2030
Hongkong
.1785
300
门
<f
July/September
in cent
41.3
4 4x
401-3
rubber
closed today as follows:- Number 1 rubber, per lb.
312%-32
42.50
--Associated Press.
Grain
Prices Firm Up
Chicago, Nov. 27. Grain futures were mostly Wheat futures Laday higher chised to 1% higher and soy- beans to lower. Prices of grain futures closed as follows:
Wheus-picy per bushel Spol Ükember
March (1982)
May
July
Corp
Spot December
2.64
2.65 2.85 2.66 2.62-1
F
trade practices.
influential
The
English
trade said:
"Nippon language newspaper, Times, slating that "under- standably the British people are chiefly concerned with the econo- mic aspects of possible competition with Japan, "There 15 no reason why Japan and Eritain cannot exist and co-prosper in industry and trade."
The
newspaper
welcomed the statement by the President of
of Trade, the Board
Mr Peter Thorneycroft, that Japan's intentions must be judged by example of improper the first action-Reuter.
bonds
itt
a
SINGAPORE
Prices
United Press.
MARKET Singapore, Nov. 27 uf
futures
November
December
138-139% 1374-
the official morning session as
January (1952)
follows:-
issues were firm.
Number 2 rubber,
Spot tin, buyers
November Number 3 rubber,
November Number rubber,
134-135
Spot tlo, sellers
905 907
Japanese bonds
"A" (49. bf 1690)
6014
Busine's done at
130-131
November
176-127 139-1391 104-105 147-152
Three-months tin. buyers 045 DSU tin, sollers Three-months Burinues done at Bettlement
"B" (99.
*** (49, of 1910)
57
"C" (5s. of 1007)
108
053-94774 .903 -United Press.
"D" (59, of 1934)
75
"" (5s. of 1934)
122
530 Clight N 8.43 6.55 1300 ..
1000
C. Light 101 9.70
U 201
+
6 50
82 0.10 18000...
221 22.85 1000
223
632
By 212 213 83321 i
14 14.75 2000 e 14%
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Dec. 4 Dec.
16
Dec.
31
Dee. 5
Dec. 20
Jan. 6
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M.S.
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M.S.
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Rates
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Business was done
nnofficial
the market
local
thi
morning at the following rates:
US Dollars (per $11
0.88
Sterling nole (per £1
15.55
Indonesia guilders (per 100)
3.30
tam ticals (per 100)
28.00
Singapore (Straita)
7.807
Lastrea (per 1
13 30
Pedder Building
exchange
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NEW YORK-CHICAGO-DETROIT-FORONTO MONTREAL AND ALL AMERICAN & CANADIAN CITIES
Guam, Marinas Islands, Micron esian Islands - Beralar Service direct or with transhipment.
From
Vessel
Arrives
Sails
"TRADE WIND"
San Francisc
"ALASKA BEAR” "FLYING ACUD"
Straits
San Francis
Francisco
Dec. 24
Dec. 43
Jad. 201
Jan. 3
Dec. 15
Dec. 24
Jan. 21
Jan. 31
For
Holland
Italy
Norway Portugal
Iraq Turkey LATIN AMERICA
Bolivia
Argentina
Brazil
Cixio
Cuba
Columbia
Mexico
Indosteals
Singapore Japon
"We now have ut our disposal crude oil production at the rate per of about 20,000,000 tons annum from our Interest:
Kuwait, Iraq, Qator, and the Spot rubber, unbated
United Kingdom, which is Block crope
almost double what we obtained No. 1 pale crepe -United Prous.
from these sources during
1950. This tonnage is capable
of further very substantial in-
crease in the future. (The com- New York Sugar
pany produced merly 32,000-
000 tons of all in Iran in 1950.)
"As regards relining capacity,
our
000
our
rate
NY Pepper Markat doon at the end of the 1950.
Futures
intensive and successful efforts
New York, Nov. 27. made to increase
World sugar futures closed at.
various throughputs
today 3 to 4 higher with sales establishments outside Iran
total reining throughput totalling 25 contracts,
Contract No. 6 closed' 2 lower now at the .3305 nutside Iran
per to higher, with sales totolling 300 yen to US$1 of over 14,000,000 tons
19, contracts.. -Valled Press.
Annum comparing with 8,800,-
Prices closed as follow Additions now in hand,
CONTRACT NO. 4 (world) refinery, Jendary (102) cluding the Kent
nominal Chis total to Maret The black pepper market was should increase
B་ quiet dealings. Spot over 20,000,000 tons by the end May steady in pepper was offered at between of 1062, Urgent consideration July 1.03 to $1.84 pound, Decem- Is being given to the building of Spot ber delivery $1.00, December further new refineries." (in 1950 Hipment $1.64 January $1.49 the company's huge refinery at Maret (1962) kild Mirch $1.47 a pound, all dh Abadan in Iran handled 25,000,- May andy-duck" basis. United 000 tons of crude ell.)-A-ptember
ciated Press. Presi
New York, Nov. 27.
July
4.75 4.70 14
CONTRACT NO. 0
6.20 210
0.30 d
b.au bit
2.43 610
ited Pres.
190
1,8915
United Press
LONDON TIN
MARKET
London, Nov. 27.
Buoyant Session
In London
London, Nov. 27. The tin market closed steady
British Government this morning. Turnover was 08 kas of which 30 tons were for gained up to a full point
generally buoyant session of the cash,
Prices closed at the end of London Stock Exchange today.
BAN ON JAP
FISHERMEN
Vancouver, Nov. 27.
Oils and selected industrial
scle
Consola 63%-Associated Pres.
and United Press.
There wan
NEW YORK MARKET
New York, Nov. 27. Prices advanced fractions to around a point today as the stock market moved to higher The Canadian Fisheries Minis-ground for the second successive no vigour behind er, M Robert Mayhew, said scasion. yesterday that Japanese vessels
old no longer be allowed to the movement but I was n in British Columbian, or stendy turn for the better. The volume Tan about 1,200,000 Alsakan watchs,
Mr Mayhew. newly returned shares.
alsappointment from Tokyo, where he headed the Canadian delegation to the along Wall Street that, there Fisheries "Con- wasn't more push to the advanco. But the two successive days of moving forward was a deinite relief from the work-long slide downward.
How
bping negotiated the Japanese would be dented the right to fish salmon, halibut, herring and other important sh in Alasken and British Colum blan waters.
But they would be permitted to fish for crab in the Berlog Bee, adjacent to Alaskan Waters.
Reuter,
There
Waa
Dow Jones averages--
30 Industriale
289.48
To ralls
70.04
18 utilition.
40.05
40 bonds
180.00
Associated Press and United
Prou.
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San Francisco & Los Angeles
San Francisco & Los Angeles
via Kobe
San Francisco & Los Angeles
San Francisco & Los Angeles
via Yokohama
For full particulars cal! United States Lines Co., General Agents, Queen's Building, Tel: 28190.
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