Page
MESSAGERIES M
"BIR HAKEIM"
"LA MARSEILLAISE"
LA MARSEILLAISE"
"BASTIA"
+BIR HAKEIM
Arriving
THE CHINA MAIL, MONDAY, DECEMBER 10, 1951.
MARITIMES RESTRICTION ON CREDIT ROVAL. Interocean Lines
Leaving
free
21
Dec
Jan 13
Jan
LB
1J
M
Outward For
Campha Part
Marsellies
Homeward for
N
Africa & Europe Mantic Yohana &
Ber
31
Jan 12
Jan
F
J
11
13, ոն չ
22 Jan
I n ܂
passenger & freight.
X Altica & Euro
freight for Saigon. Port Said, Tunis, Algiers, Oran. Tangier. Casabianen. Havre, Dunkirk, Antwerp & Rotterdam.
Subject Tu Change Without Notsen
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
For US
Proposal Guarantee Of A Europe Bond Issue
New York, Dec. 9.
A proposal was made here today that the Furupean governments should jointly float a bond issue, guaranteed by the United States, as a means of stabilising the European currencies and en-
• couraging Europe's own investment capital.
+
The suggestion was made in an exclusive Taited Press interview by M. Jean de Precigout. President of the Textiles Artificiels de Centre, of Paris.
Spelita.
M A e French 'a p
Tror d hose attem United States with hi April Matters which C
Ad Proprati, Petition State Cathe
stat 1.
To as I be fust
hebel 1.0 casher
E
Clear Indication Of Government
Britain's Jets Earn Dollars
London. Dec. 9. Britain's dollar earnings from jet engines and gine designs are now run ning into many millions of dollars a year.
ivan, n.....¡
41.
Policy
Further Steps Expected To
Be Taken By Chancellor
(FROM OUR OWN CORRESPONDENT!
London, Dec. 9.
Fresh instructions aimed at restricting still further the volume of en-credit have now been issued by Mr R. A. Butler, Chancellor of the Ex-
chequer, to the Capital Issues Committee and to the banks.
These instructions follow the general line of policy laid down in previous directives but place more emphasis on the need to restrict un- essential borrowing to the very minimum.
La m
1981
inn le
en $30 millets
Juch
royalties being
regula
u
kaart
11:
زارت :
and
As before, priority will be given to new issues in
are essentially connection with "projects which positively related to the rearmament programme, to the stimulation of exports to desirable markets, to the saving of imports, particularly from dollar sources, and to the Rolls Royce Nene relief of basic deficiencies, especially of raw materials.”
latest Contract for
1. Canada. is said
$25 malloon for the
1.390 engages alone. The engine
will be used to US Laner being at Cate 107. when
cetistage ed Montreal
have
The banks have been asked to duchons import prices ensare that their credit policy, worked their way through to the operates in contemity with the : shops.
Some action alleviate the some general principles as these
skilled
manpose: shortage of Chancellorsy
incrruse production the tapital Issues and
essential defence and expart - dustries is clearly necessary
5.1
the IN
The engitim meetod making
ire fac Comanalive
C
4
Twu eta
Tustwcen
Loa I give Joans
agree-
The ex
Tra
HONGKONG SHARE MARKET
Stock
**TEGELBERG“
"RUTS" "TASMAN" -IHWANGI"
"TASMAN”
"RUYA"
SAILINGS
To
Singapore, Alries S America Japan
Japan
ingapore. Java &
Singapore. Jakurta
& Penang
MACAMST
Delawan Bed
Africa
A
ch
Dec.
uth Dec.
Icth Dec.
19th Dec
3rd
Jan
*32
Th
Jan.
+52
Mantra.
Singapore.
Lerica
18th Jun
*52 MAIDEN VOYAGE
1185 Jan
K2
ngapore. Pegang & Belawan Beli
H
Feb. 12
Munilo.
Singapore.
Atabe
&
።
America"
32
Singapure,
di
America
From
"IJILUWAH"
"TJIBADAK“ “IJITJALENGKA”
“TJIBADANE"
514 Mai
"TASMAN ~7JIWANGI" “TJÆADAK" "TASMAN"
--TJITJALENGKA“
"ROYS"
General Agents:
"KIELDRECHT"
To Singapore, Java & Marissar
H
ARRIVALS
Frenang, Belawan Deti & Ringapore SAVANNA Java & Singapore
16th Dec.
16th Dec
7701 Nec
1st Dec.
1st Jan.
Calestia A stogapore
2nd Jan, 2
Japan
Starmanson, Java Ports & Singapni ***+
HOLLAND EAST. ASIA LINE
SAILINGS TO EUROPE
13th December
1951
131b Jannary
1932
6th February 1952
Jih March
1953
"AAGTEKERK"
"OTERISEL" "BOOOKERK"
SAILINGS FROM EUROPE
(From Our Correspondent)
Business done on the The
this morning was "OVERIJŠEL" Exchange valued at $133,950. Noon rates HOOGKEKK and the morning's transactions:-"ARENUKERK"
Arrives Hongkong
Salis Rotterdam
"AAGTEKERK"
19th December 1051
31st
J0LM
isl December 1951 Decembri 1931 January
5th January
1952
4th February
1932
1550
HILARES BUYERS SELLERS SALES RANKS
HK Banks
··KIELDNÈÇİr
5th March
1932 1942
645 Alarch 10th April
1952
1932
East Asia
126
Pare
berata
They have been asked not to Bulletin, in fact, hints a son.
the speculative measures in this direction. The fying or holding of securities, situation, it mays, demands sh:1s valuable
real property in stocks al coma manpower and switches ne Bus year are those ties to lim native for production."
la miko Cumss-Wright
Despite its unapopaliaty -phase, and USA, and advances fi capital expenditure, partial return to wartzue
INSURANCES gem altion direct,ves
ol Silah y Motors and
Union #fel Acceptanc Company lean indications of the trend t, necesary to achieve the firs of
Parlament has SHIPPING 101
Government's Mateo N
powerful the
econome, these two aus Then am is to restrict; been informed that the Minister achalak tanısa goop rugines which pahny
16 Int
all new borrowing, whether from of Labour, Sir Walter Monekto. POCKS, ETC US aircruft 』:41
which has
"working
tin been The market. banks
1 "the question" war discussing it with makes to conterbution
Joint roscar
present the National saravananting
Council. Sapphireuth altres
No actum will be taken, hara Sa te Issues are non-
these will be exatrined; ever without Parlament beng |
This mens that Vw to eliminating aj form
to rage! Government
STARTED IN 1941
Arrastrang Satuuley
ofte encanva
Va at St andin
Quen
6/1 Bommate agreements
wth Cowan dong the USA are
Nean Tay engine
יו
יין
4153
166
Asla Nav
1 20
Wheelock XD Hongkew
Advisory | LAND, ER
341
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5
HK Hotel
$
HK Land
5)
Humphreys
.
12 00
UTILITIES
Tram
16 05
118 200 €
Light
14) XD
9
8 80
reassembles
iti
Light IN Eretrie
580 XD
22
have 1.0 in Star Ferry
Bad Rock, premcipally threat those designed
dur ton of thetetice and expat, Hon of reviving the Control of Engagements Order at least until to save APADES.
after
Parliament projects which "ran
the the end of January delinely
PUTSELLI
se Pren al sand
in Europe Know the Vabae Wheateares
1.
10
:f
Fem a European era
TOCENDEN
G
cale production Ace nach fighters. The beds
internati marmature
Tinere cas
Jap Tuna
Imports A Menace
Nine
Seattle, Dee 9
unrea
31.
in
west fishermen
campaign
here yesterday support al bail before the US
Senate in impose
tariff on tuna imper.
The reling with sponsmer; les
6-1
were
But the
geood health
of the TODAY
A few days later an allocation
the technical development of scheme for steel will come into and the uperation and this should go a Industrial modation:
long way towards more efferent and economical use will bo reverse of resources favourable consideration
the agro- Unit f October, 91 when Sir Frank White's Chattest drive wore render-
15
that set of W-X ger deze Il sert thente by
down wendow Ugan ven wardess 4 2500 ar
irtual
Pap. n the USA Much of taren e nome an
US enne development stemmed vel of mistres
LEVE IN st engme 4e, te
143 manufacture number 12 0 Basi jel 1164 with! differral countries outsule the Committee has North America -London Express Service
The ponded to the disi repaticy between The x af praces and sdames and of idustrial starke fis an audication of the instabili- ity of
:16 Weston
Fa
Jett bord some wer Bosted by the Eumprati govern- 1 or even individually by
nations coercerned, governments would
$80 a ton
that LA
the
Pacif Justgate st Fish Pro ramenet
humo nestal in retis n
the
Tania urls theaten the emne
W. Foust 5shne
Willust Darge Call the Amer
plastrs
the
Le gather ensiderable amounts gold and foreign Curienes being harcias.
How
1
Jede against weakening of the curren
currencies
Et ton tarif measure strengthening res before the Senate Finance would also allow European in- Committee on January 8, Senator we
vesiment capital to be put Warrer Magnuson Washington better use Demorat, reported.
It already I
hus aassed the House. The levyja would be effective until 1953.
Dr Chapman minted out that of the West Coast's 4,000
nally
to
have
Buying Spree
Only Flash
In The Pan
9
FORTHER STEPS
At the same
time, however,'
been told that where applications are made: for consent to long-term borrow-, ing to refund
Elec Bonus) 2015 Telephone 14.10
INDUSTRIALS
Cement.. 1690
10 3500 15:00
supply station and export
easing the STORES, FRC
Dany the defence
Crawford industries by
32
18 1000 1832
1000 ( 33
squeezing but
unessential pro duction thus helping to achieve
The second am of the policy Meat Prices In
mentioned in the Bulletin.
STOCK EXCHANGE
Led by the gill-edged market.
the banks was
SIX
U.S.
Drop
Chicago, Dec. §. The American Meat Institute
kratk advances Stock Exchange Pris ved already taken up, the fact that
that the been lower last week. Some fairly said today
average the money has already
heavy selling of Government wholesale meat prices dropped i borrowed should not weigh with securities by
1351 two per cent in the TA AAA Instead they should con-
nar is due to the seasonal in- reported fer themselves amly with the
Despite the firmer tendency erase in supplies. ligality of the purposes which
evident at the end of the week been
the have
Inanced by
In due course
then
be marrie possible through the velunding operation.
KING'S BUILDING. TELEPHONES: 28015 TO 28017 CARENEST ADIMIS 82, CONNAUGHT ROAD. C. TCLS: 31196, 23133
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA
NEXT SAILINGS
M.S. "LEXA MAERSK”
ARRIVALS FROM U.S.A.
M.S.
M.S. "ANNA MAERSK" "LEISE MAERSK"
M.S.
"LEISE. MAERSK
M.S.
"GRETE MAERSK"
M.S.
"OLGA MAERSK"
Dec.. 10 Dec. 16
Dec. 31
In Port Dec, 20
Jan. 6
Top grades of beef were selling For Freight and Further Particulars please apply to:--
must observers are now saying from ote to four cents a pound that no general
hest below ceiling prices at some improvement should be expected this side markets, and lower grades 01 as 10 per cent beef as much Even then many
11 of the present uncertainties will below ceilings. Hams were
per cent below the ceiling, pork will not be remain and these
and cured, toins
cent 24 per cleared up until after the Buriget
22-29 per bacon
cent.--United when more will be known of the Covernment's
proposed
the holidays.
the to word. new
excess profits tax
Press.
new
Coal Output
Increase
1n at least one respect
not believed New York, Dec
hancellor is TO BETTER USE
The Goverment's final cotton have spoken his los! HB State Gover
steps involving op report of the season, to be Futher San punt weul amor to quarume
dominated legislation are expected to be issued on Monday, the picture last week on the Search farmeter of ward a bread as are here would
taken to restrict the volume of consumers of coalide po ba textile markets.
credit advanced
A talking point in the market Tim Boat Asso
Pisability in the beal currencies and sub-
that last momih's through hire-purchase facilities. now is whether the Government reations the nstitute's even-
production drop of chinated
As long ago as 1946 the banks will intervene to arrest the rapid tual
pent monetary stabilisation is a 45 per cent tamall
miftion bales might be
not to extent.decline in gilt-edged prices. were requested OVER M de on all times of fans imperts
Provigout said such
followed by another sharp re- the finance of hire-purchase Tor $80
The duction sent
cloth d print
beyond its existing levels. broad cloth consumers off on number of such transactions, buying spree early in the week.
has risen in recent Upwards of
20,000,000 yards however,
years because credit has been moved of these constructions
forthcoming from sources outside nearby and first quarter
the banks and Jarge financiai delivery but subsequent activity looked more like a "buying houses.
Effectiveness of the measure- flash"
sustained rather than
taken in the United States and
Associa- demand, brokers said.
Lo reduce consumer
on cstimated that production Cotton sheetings and osnaburgs Canada
the
bituminous nation's come more into the limelight as credit has led many people to the Government
mines bcomed up to 12,100,000 burlap trade ran into new com- believe that
this steps in may take similar
may A call for European capita: plications.
tons in the week ended Dec. 1. Their aim could be
That is
weekly The highest investments
country. was made during i conference by Dr
Pduction figure since the woek as to whether successful bidders achieved by increasing down Reokaux, a chemical manufac-
on the recent large Army sand-payments, raising permitted inded March 25, 1989, and 13- shortening the nects the recent upsurge in the Lurer from Hanover.
Western bag order would be able to meet terest rates or
The last of these coal mining industry. Germany Dr Reuleaux
commitments due to the suspen-period of hire,
Ont the main reasons for
nf that United States private capi-
sion of cargo loadings at the is considered the most effective
the principal the bcom has been the heavy [8] investments in Europe port of Calcuta following a and may become would encourage European in- slowdown strike.-United Press.
exporting of coal to Marshail Plán countries in Europe, to vestments.
Japan, and South America.
Last
week's production of with the 12,180,000 compares
and
de Preogaut - as many
industrialists European don in speeches at the coa- ference deplored the fact the Furmpeon capital shies away from new long-term capital in- vestrils. He blamed weak and for this depreciated currencies state of a 75
hang beats have been idlet by lent time shipped into the United States from Japan South America.
Since 1948 foreign fish have taken over 29 per cent of the American market. Dr Chapman told the assembly.-Associated thr
Press.
Indian Coal
For Japan
Tokyo, Dec. 9.
رعان
Seld
M. de Precigout said in au interview that Europe. econo- mically speaking, is in the midst of a crisis of confidence.
M. de Precigout and M. Philip
tile
Specifically the question arose
Find Of Vital
The International Trade and Roy, General Manager of a tex- Industry Ministry decided to
at Neuilly-sur- company step up its current negotiations Seine, France, together warned mineral with the Indian Government for the import of 1,000,000 tons against allowing further
Mineral
Cascade, Dec. 9.
*
means of reducing this type of credit.
in
Washington, Dec. 8.
The National Coal
10,090,000 tens mined in Thanks- giving week and 9,413,000 tons he comparable week of 1950. Assclated Press.
DISTURBING ASPECTS Three aspects of the present economic situation which are "particularly disturbing" are set out in the latest issue of the Beds of monazite, vital "Bulletin for Industry" which
used in making jet published by the Treasury. rises engines, have been discovered in In order of importance the in the price
of textile raw of Indian coal during the 1931 materials such as cotton,
commercial quantities here in are; the balance of
production, raw Central Idaho. fiscal year.
wool. They said that if Nishiyama of
A mine inspector, Mr George wages. permitted to go on prices are
McDowell, said that the beds In the present half-year the spending rising, the European textile in- been hed
virtually the only supply United Kingdom dustries would face a cutestro- now available to the United abroad at the rate of over 700 home recently, carried back
phic situation.-United Press concrele
States. The only other com- million a year more than it will set up an automobile as- mercial sources the metal are carning and the gold and dollar sembly plant in Barcelona.
Juan
Suances, president of in ladia and Brazil and these reserves have been falling fast-
is rightly Spain's National Industrial In- have been cut off through the a situation
Chief Akiru
the Japanese Overstas Agency
al
Calcutta, who
silk
OF
the of
proposal Japanese Government to the Indian Government for settling
the negotiations when he left
his post yesterday.
Since
year
the
beginning of this
CROP
REPORT
AWAITED apan has imported about
Japan
400,000 tons of coal from India.
The
he intended increased purchase
As I m ARE
ment
much
ny
Gover
New York, Dec. 8. with the
Colton futures bobped up and of switching as down over moderate life last | possible from
the week a
traders awaited the dollar bloc to the sterling blog Government's final crop report
the growing Pound of the season on Monday.
· 15 Bifent holdings of Japan. - France- Prste.
were
payments and prices and
Fiat
which
is
Plant In Barcelona
Madrid, Dec, 0.
Italy's Fiat Motor Company
action of these countries in pro- described as "very threatening stitute, went to Barcelont to
halting the export of the metal, for Storling." Mr McDowell said. Router.
look over the now plant site Production is increasing more which will produce the Flat slowly than at any time since 1,400 series.--United Press. the war, mainly because of the
AGENTS:
JEBSEN & CO.
Pedder Building
The S.A.7.&
to Europe!
ATHENS ROME GENEVA HAMBURG
STAVANGER OSLO
Via
Tel: Nos. 36066-0,
BRAATHENS
THE MIDDLE EAST
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DEPARTURE HONGKONG EVERY FRIDAY Bookings Accepted for all Europe
Every second flight in conjunction with C.P.A. BRAATHENS S.A.F.E. AIRTRANSPORT A/S
Agents:-
WALLEM & COMPANY LTD.
Hongkong & Shanghai Bank Building
Tel. 28041-5
Pacific Fur East Line, Inc.
DIRECT
Fast Regular Trans-Pacific Service
Retail Trade Up shortages of cual, steel, electricity BANK OF SPAIN'S AN ANCISCO, LOS ANGELES
In America
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OVERLAND NEW YORK«CHICAGO-DETROIT-TORONTO MONTREAL AND ALL AMERICAN & CANADIAN CITIES
Regular Service direct or with transhipment.
Guam, Marinas' Islands, Micronesian Lelandı
Vazqui
From
Arrives
[画
San Francisco straite Snp Francised
·Sao" Franciaco
Dec. 13.
Dec. 19
Dec. 21
Deo. 21
Jan, 20 Jan, si
Jan. 30 Jan. 31
and transport. The situation is the metai- particularly acute in
which gre using Industries
Madrid, Dec. 9. New York, Dec. 8. having to shoulder 70 per cent of
The Bank of Spain's gold re- After rising to new sensonal
Christmas shopping, in the the defence production pro-
home nerve is valued at 540.0 million for Ordera market part week boosted US. retali grammio. highs on Monday the
"TRADE WIND” closed back irregularly to rule irade above the previous week investment have increased and pesetas, according to the bank's
the overseas demand for our en Oct. 31 statement. ntid moderately above 13 polute
Silver is valued at 370.1 mi ALASKA BEÁR" Exchange Rates 30 points higher to
Hong and bank notes in circula- Mushroom was done in sy local down, a day up to 75 cents record level of the like week gineering productions is
inst year, Dun and Bradstreet being met.
There is, moreover, an intense tion amount from 32,020.6 mil-FLYING SÇUD" lion to 38,807.6 million pesetas, “CHINA BRAIL", reported.
Toini retuli trade in the week unsatisfed demand for labbur,
Demand "deposits have m Wages are willt: Fluing foster ended Wellnesday, was callinkted
7514) che ANMEL titis nothing at the folowhur rates- 17.8. duitar (per · 013, Bletting ptepur. £1
Indonesia #užlalary (per 100) :).
Ham deala pe
Singapore (StAllO) #IC piastyen (p 100)
Jower,
at Friday's close, The wide variation in the estimates Rept traders anxious: 13.07 The pyorage up of the 6 By members of the New York Col 20.40 Exchanges 13,300,000 1,745
balez, - United Press.
12.70
I
to be from Lire to seven per than last year and this largitone creased from 80 million cent higher their that of a year to ostinus. Alle ka“ in driel; 3,000 million pestias, Trolled
recent re- Prosi even though some ngo-Assoelated Press,
For
Ban Francisco de Los Angelag,
Ban Truncinco de Los Angeles
via cobe
San Francisco & Los Angeles Ban, Franchón & Los Angeles Bijos vis" "YokoTMEYIR
For full perfiontári call' Ungok Sialtı Linen Co. General Aresik, Queen's Building, Tel: 28198.