1
MESSAGERIES
MARITIMES
MOM
Arriving eaving
Outward For
hdalta, Tokotrario a
Habe
Saigon
Homeward For
"LA MARSEILLAISE" Anti
14
Jan. 13
"ZELIDJA”
Feb.
21
Feb. 29
'L.1
MARSEILLAISE"
Jan
25
Jab. 20
"EASTIA"
Jan
JAB 21
Mo 1 MSI
ZE
<
N Asia & Europe
*"MORTAIN"
←
passengers & freight.
*
starvsistua via Manila
Baigon
Africa & Europe
tfreight for Saigon, Port Said, Tunis, Algiers, Uran, Tangier. Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.
Subject To Change Without Notice
CIE DES MESSAGERIES MARITIMES
P.O. Box 58, Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
M.V. "LA MARSEILLAISE"
will sail for
Manila, Yokohama and Kobe
on
Sunday the 13th of January, at 10 P.M.
Passengers are requested to board the vessel with their cabin baggage on Sunday the 13th of January between 6 P.M. to 8 P.M.
Baggage Room and Hold Baggage will be registered ut Kowloon Godown No. 50 (No. 2 Gate, Canton Road, Entrance) on Saturday the 12th of January between 9 A.M. and Noon.
No Ingguge will be accepted for registration after this time.
CIE DES MESSAGERIES MARITIMES P.O. Box 58, Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
British Alarm
Over Japanese Trade Revival
London, Jan. 10.
The Times wrote editorially today: "In this country the restoration of the Japanese eronomy to something like its activity before the war has been watched with a mixture of sympathy and alarm.
"The alarm, although by no means confined to the cotton industry, has been perhaps most acute In Lancashire."
The paper sald that Japanese He warned that there was too
complacentey competition with the Industries much
high
in
of Britain in particular, consisted places about the serious effects
of several elements. In so far as
It was based on the pirating of of Japanese trade competition. designs and similar unjustifiable
"If we do not take resolute
practices, it could be condemned. action as soon as possible," Mr
that
This country's protests in respect should have the support
Smith said, "I dread to
think of the United States, which had what will be its effects on us in done more than any other coun-ve or six years. By then, the try le set Japan on its feet again. Japanese
over
and
THE CHINA MAIL, FRIDAY, JANUARY 11, 1952,
New Loan For
IL
Australia?
Canberra, Jan. 14.
officially Wis
nounced today that
#T-
two
officials of the International Monetary Fund will arrive
In Austraila next month to be ptbjects to examine developed, possibly fore- shadowing a new
dollar
buan id Australia from the International Bank.
Woold ne 16 Any brobably approximate
United US$100,000,000, Preti.
Shock For UK Cycle Industry
STEEL SUPPLIES TO BE CUT
London, Jan. 10.
Chiefs of Britain's cycle industry, who yesterday were flabbergasted to learn that their steel would be average 20 per cut by an
expect cent from Feb. 24, shortly to argue their case personally with Mr Duncan Sandys, Minister of Supply.
Today they despatched the:
representative.
Major H. R
Wathing, to the Ministry,
Watling
Το officials. Maju!
red the ens 5.873
of the cycle manufacturers, and requested a
BS FOON top level meeting possible.
HS
To the Minister, the cycle in
will point dustry's chiefs
out th81, as well as being dollar earners, they are developing an
export expanding
trade with Britain's overseas territories.
Bicycles, they will argue, arc vital to Injilions in Britain's colonies and other under-deve- loped territories, where the na-
tive populations cannot afford other transport to and from work Bicycles, they will state. form an integral part of native life.
And under present plans firms which make bicycles primarily for export will also be affected by the 20 per cent general cut, but not so gravely as those pro- ducing for the home market.
Production and export figures for 1951, meantime, show that of the 4,000,000 cycles the indus- try produced, over 2,200,000 were sold abroad.
that Malaya
-London Express Service)
|
OIL
WORLDONDUSTRY
SETS NEW MARK
IN PRODUCTION
London, Jan. 9.
HONGKONG
SHARE MARKET
(From Our Correspondent)
The oil men have done it again. According to a provisional estimate by the Petroleum Information Bureau, the world's output of crude oil and natural petrol in 1951 was over 600 million metric tons a new record and the first time that was valued at $964, the industry has touched the 600 million mark.
What has this success test in terms of money? One example bere may be sufficient to indicate the
answer.
The U.S. domestic oil industry alone has been spending at the rate of 2,000 million dollars annually on plant, property and equipment,
And that formidable sum
desart sisting of virgin lungic, pent entirely within the USA jor mountain to dispel any illu- ignores all other, accompany-rtons about the difficulties in-
of valved. Ing expenses, such as cost geophysical surveys, drilling
Ai this very moment the and refining operations, research quest for fresh of deposits is netivities, social services, nar- | being carried on in some of the keting and distribution очет Jnelies quer'en of the world in the hinterland of Australo, heads, etc.
How much the whole interna- British East and Weg: Africa, flona: oil industry's total an- thiopia and New Guinea, even nual expenditure comprises is in the fcy desolation of Alaska. anybody's guess: it is impossible
PIONEERING SPIRIT to calculate Buch a figure and it would be so
so astronomical be assessed. be meaningless even 'f
10
it
There is certainly nothing саку abcut pil production Enought has recently ben writ- ten about the task of conduct ing operations in regions con-
Offer By Russians
To India
Bothbay, Jan. 10.
Ini
scorching beat and freezing cold the search for oil goes cn. And Just Imagine
too. that every of
The volume of business donè on the Stock Exchange this
407.50. Noon
Bari Aala INSURANCES
Canton SHIPPING
A NAY DOCKS, ETC.
quotations
250
Roxan
"TJILOWAĦS
"VAN REUT:2" "TJIHADAK" "BOISSEVAIN" "THWANGI"
"VAN BEUTAZ” "NITJALENGKA”
TASMANT "TJILUWAH" "THROBAS"
Page
INTEROCEAN LINE
BAILING
"IZIN MAIDEN VOYADE
Jan. 1256 Jun 1541:
11. 27th
-In. 281
surabala & Mar
Japan Porta
Singapore. Penang & Djakarta
sapon Ports
Sincapart, Djakarta, Semarang,
Surbata & Mincassat
Singapore. Peñang & Belawan' Delr
America Singapore, Africa, & 5
Japan Perta
Singapore. Blakasta Semarang.
Suratints & Maranjar
Macasser
Semarang,
Surabala &
Singapore, Minkarta, Semarang,
Surabala & Macassar
SIST
Feb.
sth
Peb BN
Feb. 11th
Feb, 14th
Djakazia,
MyJIWANGI
Feb 2xEn
Fel ZACI Your 51)
Mar 15th
Mar 24th
Mar.
21st
"TASMAN"
TIRADANK"
**THLUWAR" “DOİSSİVAIN”
"TJIWANOP
**TJILUWAH
"STRAAT
MAKASSAR” "TJIWANGr
"BOISSEVÄTM”
"TJIWANG
“TIĪPAÑAS"
TASMAND
Арг 15th
Apr. 1911
Apr. 30ch
Singapore, Penang Belawan. Dell Mattila Singapore, Africa &
R America
singapore. Jajakarta,
Semarang.
Surabala & Macassar Mania, Singapore. Africa &
S America
Jakarta. Semarang.
Singapore.
Surubata & Macassur Singapore. tsjakarta,
Surabala & MarasseT
Setunrang.
Monila, Ingapore, Africa
S. America
Singapore, Djakarta, Semarang,
Surabala & Manassat
ABRIVALS
Jan. 23rd
and
the morning's transactions SUARES BUYERS SELLERS HALRS BANKS
nn Bank
eth
GD 180A
20 M 150
140
IN 150
v nar
104
N. Pt. What e.To Back
1716
S'hai Dock..
1957 500 * 131⁄2
31A
"VAN HEUTB”””
Jan.
38% bu
11th 230. 15th Jan. 1
HK Hotel.. HK Land
1.80
DA
Sha! Land
145
Humphreys
14%
UTILITIES
ITSTRALENGKA“
Tram
16.79
2000 19.70
“VAN BRUÍSZ
P. Tram (N) 1244
€
C
Light CO 815 5.00 5375 –
1800 Light (N) 6.50 4.15 1000
Electric
82
109
6.30
13 500 2
16 14%
10.35 16: 3000 @ 18:4
1000
223
253
182% 10% 1500
3815
10
"AAGTEKERK"
"OVERUSEL"
"HOOGEEK"
8
"ARENDIKERK"
201
Elec. (Bonus) 21% Telephone INDUSTRIALS
Cement Rove STORES, ETC.
Dairy Watson
COTTON Ewo MISCELLANEOUS
Vibro
Crawford
China Entertain- ments
17
Japan Bans Shipments To France
what must be done it and when new oilfield is discovered in
undeveloped such
areas: visualise the job of providing roads, pipelines. up-to-date towns for the thousands DL necessary employees and, per haps a refinery and tanker fer- minal as well. Remember. single nut, bolt and sack cement needed for such a pro- gramme may have to be haul- ed to its destination trom half-
the globe. way across
There is, indeed, pioneering characteristic about the oil in- dustry not often associated to day with the prosile activities i of modern commércé.
Its feld drilling crews, pipelines
units geologists,
Tokyo, Jan. 10. Japan today banned the ship- struction teams are constanty operating in territories at vir-
ment of copper products to the fually unexplored. They
French Union, then who penetrating French into
until lately occupied Broas
its trade account with Japan, Here for the opening tomorrow only by the ferre Motilone
which stood at the end of 1951 of India's International Indus- Indians of Venezuela, the war- trial
Exposition.
the Soviet like Bedouins of the
Middle at $9,700,000 in Japan's favour.
The the
account dollor open Union's Chamber of Commerce Eastern deserts, Chairman, Mr M. V. Nestorov, warrter-tribestnon of Papua.
settlement trade agreement with Cha issued а stalement offering
Japan stipulates
a swing or- CURIOUS FACT India machine tools, generators,
count of $3,000,000. Often these oil men have
The
Ministry, electrical
Trade equipment,
of the white race that local in
representatives nouicing the ban, said a sharp increase in purchase of copper habitants have encountered.
products by France accounted. And it mys huch for the tact for the lop-sided trade account of the pioneers that their pene
A Russian representative
claimed today that The Soviet Union could give India the machinery she needs. Britain and the United States cannot do so, he because they are to busy rearming.
textile
and farm machinery, and trans- port and mining equipment.
Indie had ordered them from
been the first
Bre
ton-
are
Savage
J
I blamed the failure of the Government to settle
an-
until the balance was restored.
of France or an
increase in
The Trade Minister sald
sible more than any other single contracts had been concluded for great enterprise for the world's the export of $15,000,000 worth general Industrias progress of copper products with France remains One of the few
during the October-December enterprises left in pioneering
period last year-Unit Press. the true "covered wagon' sense of the word.
Britain and the United States, but deliverles were being de-1 tratton has been "peaceful" and and said the ban would stand layed, he aald. Mr
Nestorov, their presence accepted, without eith Preliminary estimates indicate
received 350,000 saying Russia is not engaged in resistance or resentment. either by payment on the part
rearmament programme, de- blcycles, value over £2,707,800;clared the Soviet Union could oil industry perhaps respon-
It is a curious foet that the French sales to Japan India 208,000, value over £1, deliver the goods on schedule. 722,000; West Africa 195,900, The Soviet Union is interested valuc £1,648,00; East Africa in buying jute, tobacco, shellac, 130,000, value £1,087,000, West
textiles, copra, spices and other indies 27,000, value £221,000.
goods from India; he said.
Mr Nestorov asserted that Indian businessmen are show ing a keen interest in opening
Indeed, its persistent record- corections with Russia, adding breaking production feats could that if India desired she could hardly have been accomplished send students to the Soviet if its pioneering instinct Union to he trained as indus-not been so strong and borne trial technicians.
such welcome truit. The privately sponsored. Express Service. Govemment - was regarded Tavish Buch exposition held in india, Russian
exbibits Communit Chinese dominate the Fair, which Bri- tish and Athericen industrialists, ignored.-Associated Press.
1,000 Ships Being Built By Britain
London, Jan. 10. More than 1000 ships are be- in British yords and ing bull
1852 is expected to set up 3 record ter orders. Some yards wi talle four years to com- plete orders already 01 the books.
Mr J. Ramsay Gebble, presi will have got
Con- dent of the Shipbuilding their 'present difficulties
ference, saya steel shortages "Competition in price is quite will have a highly organised will add a year to the time
corytinued matter," another
economy and modernised in-needed to clear the present order The Times. "The markets of
slave labour."--books. East and West Affles are of dustries with
the Aoclated Press. to interey particular Lancashire bolton industry, mel in East Africa at least sales of British goods suffered severely last year through the competi- tion of low-priced Japanese goods.
* FORMOSA TRADE
Taipei, Jan. 10.
The Nationalist financiul
authorities are studying a new "If the selling price is not a proposal for reviewing the Sino- Japanese pact which was signed true tut price but reflects the cost of production with a reh-in Septembet, 1980. zonable profit, it is hard to see What bellon can be taken. The difference in stoklards of living in the East and in the Wat 900 real. Its économie conséquences
are inescapable.
"Japan's nearest
The new busis would be pro- posed at a meeting to be bold in Tokyo under the auspices of the Allied occupation authorities for a revision of the trade basis between Formos markets, and Japan.
however, are in South-East
Asta Heelt, and it 14 poblé The Bino-Japanese
**
pact
Some ships will not, be de- livered until 1956.
He estimates current orziérs to be worth £850 million.
More than 8,000,000 tons are under construction.
Passenger and
supported
the
Fair most
ever
FLS
and
Training Plan By Bank
had
London
LONDON TIN MARKET
London, Jan 10. NEW IRAQ FIELD
Prices of tin were irregular Bagdad, Jan. 10.
this morning. Turnover was 180 The Iraqi Premier, Nuri Pasha tons, forward. Prices closed Es Suid, today opened a new at the end of the official morning
at Zubrir in southern session, as follows:-- oilfeld reg, which has been completed Spot tin, buyers nine months ahead of the target date.
The Managing-Director of the Basra and Iraq Petroleum Com- pany, Mr H. S. Gibson, said it was intended to achieve a rate of production of 8,000,000 tons. A year by the end of 1955. It was expected that pipeline to Syria's
Mediterranean coast Paris, Jan. 10. would be used for exports dur- International Bank for April sad that between The
and four million tons Reconstruction and Development announced today the
are
of crude oil would selection more rude during
of eight young man-hationals delivered, there
be
1952,
Shot tin, sellers Business done at Three-months tin
buyers Three-months in,
stillers Business done at
detttement
15214-85712
United Fres
Joint Chemical
the trainees,
course beglöning next Monaflug of stunts. I would
of
а
stan-
Company
Comp
Feb. 40
Feb. *th
Feb. 25th
From
Briswan Bell, Djakarta & Singapore 8. Aimerken. Atrien & singapore Macassar. surahaia, Semarang,
K
jakarta & Singapore America, Afrien,
Manila
Japan
Slugapore &
Penang. Belawan Deli & Singapore Penang. Briawan Mezi & singaparr
General Agents,
HOLLAND EAST ASIA LINE
SAILINGS TO EUROPE
Jan.
14th
Feb.
JEH
Bat.
7th
Apr.
7th
SAILINGS FROM BUROPE
"OVERIJBEL" "HOOGKERK”
ARENDEKERK"
"KIELDRECHT “AAGTEKERK"
Hotterdam
Arriver Hongkong
Ballet Doç. Ist
Jan
19th
Salted Deb. 30 kt
Feb
4th
Jan. sith
6th
Már
5th
Apr
Apr.
2nd
Stay
&
KINGS BRIEDING, TELEPHONES: 28015 FO 28047
WE CONNARIGBY ROAD, ‹
| 4096 2314,5
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PRILADELPHIA vis SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
M.S. "GRETE MAERSK"
M.S. "OLGA MAERSK"
M.S. "JEPPESEN MAERSK
M.S.
JEPPESEN MAERSK”.
MS.
HULDA MAERSK
M.S.
TREIN MADRSK"
Jan. 18
Feb. 2
Febr. 13
5 Jan 12.
Jan 16 Feb. 16
ARRIVALS FROM U.S.A.
For Freight and Further Particulars please apply to:-
AGENTS
JEBSEN & CO.
Pedder Building.
Grains In
Chicago
Chicago, Jan. 10.
Late front taking and hedging carried grain futures regularly
Tel: Nos. 36066-9.
FOREIGN EXCHANGES
Tower at the eldes.
TRANNTED 1 Cahida (dollar)' Wheat futures closed ut England-ittelal
Tower and to
changed
soybeans were 1% lower to 2% higher.
Prices closed at the end of the official morning session:
Wheat-price per bushel
2:50 2.58% 2.557-2.50 2.481-48 2.40%
Lid.
Spot March May
September Corn Sdot March May
1.08
·1914-
Tokyo, Jan. 10. The Moleanto Chemical Coni- pany of the US. and Nippon of eight member countries to than had been anticipated.
The baits of the agréément, Kasef Chemical Industries join its 1882 junior profession now waiting ratification by the today announced the formation July and
Training administrative
Wis. the equal Parimmer,
the Mon Al passenger-
*ell The new company will cargo vessels Recount for per from more than 100 applicants contribute to improved
polymer resin and Its processed The oil reservoir is over two products produced in Japan, as Juty cent; tankers for more than half. cfficially nominated trom mem-dards of life throughout Iraq.
their Foreign örders
Worth ber countries,
the Nippon September £170 million London Express twenties and have specialised in miles below the surface one of announcement in
the deepest fields in the world. Times, said today. The President banking. finndee, benemies
The eight selections are from Twelve wells are already com- Is Mr Shiko Bato and the Vices Decembar
plete and work is going on at President Mr Albert W. Zuh- Ausikalid, Austria, Chile, Egypt
ning ---United Fresn. France, India Syria and South DVB others Reuter Africa:
Service.
are
Huge Deficit
In Ceylon
to duppose that the market expired last Septembar. Since Have, yes, received all that they then it has been carried on a
Colombo; Joh. 10: cot- Can abarth froth - Japan,
monthly basis. Offelalu sald that cluded The Timer Neuter.
The Central Bank report for | t revisiont of the pant wán vety
necessary due to the increased. 1951, tied today, fremlæd mất conne Anatoll sear production
NP. SUGGESTION
Stoke, Jan. 10.
A Member of Parliament Bug. rinted tantsid, that the United selen, should ban certain in
preffied imports From thepantin
demobrátio, standard Labourtia - WP
bene in.
is Braich,
Chart:
by Formuks of closed with a dentist of 12,000,-
certain items supplied to, Japan,
Some new. Items not listed in
the pict for export were now
600
The report thats w
didorepancy
39
ad 100,000,000
Principal purpose of the train- Bank ing programme, sold the is to acquaint young people from member countries with all aspects of the Bank's operationa so that they might make ene. tive use of this knowledge m their careers in their home coun- iris-Beuter.
under production and could be rupees with the clum Try Post
Matmuter of MA November.
abundantly exported.
Tokyo mesting is believed
to be medal waiting un ülfferences", of opinions. And at fading a new bulle for a new
حمسة
Spanish Hint
To U.S.
Media, Jan. Hope that Houtations would
Find the Malbeit istat
Iron Output
In PL
Manila, Jan 18.),
Cotton Futures
In New York
New York, Jan. Cotton futures fell skärily.
Philippine fron mines in hear the close on. Increased hedging Larap, Camarine Bur, Provines,pront-taking and may con be able to increase elling, The
#thelianthal produciton to points lower et clowed I to
1,000,000 tons from the presunt | jarch: 700,000 for ties plaats
run war the report made by Ca Myfving of the una hiter volovient survey tolm (0 the Philippine Dorému of MINNI. Mo. Irving-muggested that inn
its with buying countries lilcs
Ryb
March
Dais December
March
90-day futres
FB-3/16 2.30 bid
บ
IN NY
New York, Jan. 10.
unofficial
2.39 asked
30-day futures
2.78
2.77
2.2215
South Africa (pound) Belgium (pound)
2.762
019
..1456
France (frene) k West German Deutche
mark
4.20
Italy-offelal
Norway (krone)
Australia (pound) .....
| New Zealand (pound)....
Denmark (krone)
Hailand. (srailder)
2.1134-2.12 2.0714
Portugal (escuido) Spain (peseta} Sweden (krone) Switzerland-free MIDDLE FAST
Egypt (pound)
Iram (ribi),
90-95%
مونت
New York flours per 200 16. Back. | Argentine-official
$15.00United Prem.
Tokyo Talks On Reparations
20
71405
1265
03135
frad, (dinar)
Turkey, (ra) vs. (diago
6375
LATIN AMERICA
Brani (crusetroi
0500
Bolivia (boliviano),
Chile-tier
0100
Cobs (so
Columbia (perdy'
(4029
10000
12009
Mexico (presso)
Peru-free.
to sig
Venerul Iz bolivari
FAR EAST. · Tokyo, Jan. 10. India rupeet The Japanese Indonesian de Honkong
Pakistan rupee) schokuled for inodesta legates hoping... noon today was postponed to Singapore alve the Indonesians, more ime Japane to study the Japanose,
promise reparations plan, m
A
The delegat were to attend London
cocktail), party, given by
Finance Minister Ragnto-keda
this aftern:on and a conference
Rabes with enders bethe
•Tokyo Chamber of Commerce, and Ine?
ifestudson
fishing operat
FORE
3010%
yen to Use1
United PrÙM
Rubber
Market
London Jan. 103
futurenyor