MESSAGERIES M
"ZELINA"
THE CHINA MAIL: MONDAY, FEBRUARY 11, 1952.
Page
MARITIMES HOW CRISIS DEVELOPED ROYA INIEROCEAN LINES
Arriving Leaving
"THEOGENITOR” ........... Apr.
Feb. 18
Mar. 4
2
Apr. #
▸
Mar. 7
blar. 17
Apr. 4.
Mar. 18
Apr. 7
**FELIX ROUSSEL"...Mar,
†"MORTAIN"
+"ZELIDJA"
L
passengers & freight..
M
Outward For
Koby, 'Yehehanım Haiphong
Bomeward For
MagyaŬles via Manjis
N. Abrica & Barude N. Africa & Europe
* freight for Salgon, Port Said, Tunis, Marseilles Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk Antwerp & Rotterdam.
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& ORIENTAL
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NOTICE TO PASSENGERS
BAGGAGE:
FRIDAY the 15th, February át 12.00 Noon for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said.
ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co's Godown at No. 2 GATE, CANTON ROAD. ENTRANCE BY NOON on THURSDAY, the 14th February, 1952.
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EMBARKATION: WI take place on Friday the 15th 0.80. u.m. and February between
11.00 a.m.
NEW U.S. AID:
Britain
Hoping
For Relaxation Of
Conditions
London, Feb. 10.
Britain is hoping for some relaxation of the conditions under which she may spend the $300 million emergency aid granted by the United States last month.
London Analysis Of Economic Situation
Taipei Planning Trade Expansion
Talpel, Feb, 10.
Chinese trade and finan cial officials today were reported to be mapping new commercial progTRE)- mes designed to increase business with Malaya and Japan.
One report stated the provincial government and Central Trust were work- ing on plans for a US$10,- 000,000
trade mutual agreement with Malayan organisations. Taiwan SUKAF, would
export
and cement. paper. tea aluminium in returJE for Malayan tin, coceanut oil,
iron rubber and United Prest.
ord,
Failure To Absorb Change
In Trading Conditions
(FROM OUR OWN "CORRESPONDENT)
London, Feb, 10.
UTASHANK
*THLUWAN"
"TJISADANE”
Yob. 13th
"TRAAT BUENDA" Feb. 27/h “BOISSEVAIN" "TILWANDI".
"TJPANAS"" "TABHAN” "TIPONDOK" "TIJSĄDAŃE"
"THLUWAN" ‚“BOISSEVAIN”' "STILAAT
MAKASSATE”
The grave tone of recent min istorial speeches and the sombre "TKAMPEK warning of the Commonwealth Finance Ministers that failure to deal | “TAWANG!" effectively with the very serious economic crisis would have "far-reaching | VAN HEUTS consequences" have done much to stir the public to awareness of the "TJIŅODAR". tremendous task ahead.
It is still possible, however, to detect in some private conversa- tions and even in certain public utterances lingering belief that this is just a "phoney crisis.'
This attitude does not reflect any läck of public spirit but rather a failure to understand
how so serious a situation could have developed HONGKONG
so suddenly. We have travelled the road from apparent prosperity to certain danger in an
EGYPTIAN amazingly short time.
TRADE SCHEME
Studying Business With Germany
pave
This expansion in trade can-
annual rate
ut £551
BANKS
SHARE MARKET
100
"TJILUWAH"
"ZABIJAM" *TJWANGI
"STRAAT
Mari Mur.
מיזוג.
Mar. 16th
Mar. esti
Mar. 25th
Apr. 2nd
Apr. 7th
APF. 10th
Apr. 17th
Apr. 23th Any 244.
May.
MAKASSAR" *THLUWAD"
ELM
May 16th
BRETTSLA*Irabon/
Alacapote, 15jakarta,
Murabata & MarsuIRT
Japan Jupan Japany
Bemarang,
Singapore Djakarta, 21 Semarang. Manll
B. 'Africk "Bingapore & Ringapore, Penang & Belawan Doll
JANATA Tjiridon; - Gemarante,
Muraumin & Machten? Singapore Maurita, 8. Afrija 4
America
Singapore. 1)jakarta, demarADE,
Buradala & Nacksinr
Hania, Riogapore, atauriting, B;'♪ 8.
Africa di "," America
Japan/
jakarta, Tiirebon,
1- Burašain, & Macassar
*Bisgapore,
Djakarta,
Súrábala & Misenstap
Semarang,
Heminrang,
Singapore, Penang & Belawan Dell
Singapore,
Djakarta, Cesarang,
Gurabala' 24 Marasing
Djakarta, Tilrebon, Semarang,
Barshala 2a Macsásar
Bingapore, Penang di Belawan Doll dingaboro, Djakarta. Escarass,
surabata & Macassar
Manila, Singapore, Biaurlitos, E. & §.
Africa & N., America Singapore, Djakarta, Gamarang,
Surahsia & Macassar-
ARRIVALS
Fab. th
"TJJBADAŃK"
"STRAAT BOENDA" Feb. 28th
Feb. 1th
Feb. 28th
Nis. 12th
“VAN DEUTEZ" "NHWANGI"
#TIILUWAI”
From
8. America, E. & 8, Africa Singaporò &
Manila
America, S. Aiea, Singapore Hurabala & Manila'
Penang. Belawan Deli & Sluzabora MACKET Surabala, Remark
Djakaria & Singapore Bracunar. Barabala. SOMATADE.
DJKKăta 2. Singapore
General Agents,
HOLLAND EAST ASIA LINE
SAILINGS TO EUKOPE
*KIELDARCHT""
"HOOGKERK" HABENDSKELK"
Piar.
Apr.
7th
May
June 7th
Ba
BAILINGS FROM EUROPE
AREND
Arrives jongkong
Salled Jan. Jfxt
star.
"KIELDRECHT"
Mar.
5th
Apr.
“AAGTE
Apr.
May
"OVERIJSKL”
May 2nd
June
6th 7th
The post-Korean com-, other countries, were insufficient modity boom made 1950 a to outweigh this deterioration. SHARP DETERIORATION year of record expansion for
Comprehensive Apures for (From Our Correspondent) Commonwealth trade. Ex-Commonwealth trade during the ports rose from £4,764 mil-second half of Ift year are not Business done on the Stock: lion in 1949 to the record. yet available but an idea of the Exchange this morning was that occurred | valued at $968,143. Noon quota- figure of 26,389 million, and sudden change
be during that perjod can trops and the morning's trans- imports increased from
gathered from the amual trade actions:- to £6,625 return of the Sterling Area's | SHARES BOYENS SELLERS SALES į "AAGTEKERK" £5,612 million
biggest dollar million.
earner
Malaya.
FC Bank of
.. 1880 1000 Despite the suspension of
Rotterdam 225 14 Paris, Feb. 10."
...in | INSURANCES
Union *** 720 785 30783 Egypt is exploring the tinued into 1951 and during the American tin purchases early in 1951 Malaya enjoyed a record
Underwriters 489 51, 1500 ja 5 possibility of # sizable first half of that year the Com-
HK Fire#%. DOCKS, ETC. valued step-up of trade relations monwealth was exporting at on truding year. The Colony's im-
of nearly
28,500 ports were
K. Whart rate million.
million and exports at .£600 N. Pt. Wharf
favourable with Germany, and Egypt million and importing at a
giving lan sources said the poten- of over £9,000 million a year.
of 2148 million. tialities are enormous.
Exports during the first halt balance
Deck (Including re- Rubber exports OBERL and experts lately of 1951 increased in value by a
17
of Indonesian rubber) per cent. In tha: exports been examining on the paths alone the
value of totalled £481 million, of which prospects of intensified six
exports wus £134 million was earned from ect.remie relations with Western Commonwealth Germany, and concreto-moves almost equal to the whole year's the United States and £69
exports for 1948.
militon-from--other dollar. in the near future.
World demand for Common- countries. are expected
Resumption at an carly date
wealth raw materials was full-dress diplomatic
million. Retained and intensified durimin exports brought in mother the Federal Jallons with
These Be
Agures, however, hide public is also under considera-opening months of last year, and
this enhanced the value of ex- the deterioration that took place ilon.
But in the latter half of the year. from all territories. parts The informants, ho recently the increase was much greater in Exports during this period were UTILITIES visited lending industrial ceni-
raw material producing at an annual rate of £100 million case of
an in the Arst six months. Gormany, have countries, free West
in
less than In to the canaluson that
rate But the red
reduction in the Exports from Malaya, chiefly Germany can play an important of tin and rubber, increased h of imports was much smaller, part in the economy of Egypt valus by 180 per cent (£262
DIFFICULT TASK are expected million) German supplies
compared with
The Malayon experience was to be delivered chiefly on corresponding period the previous shared in varying degrees by ail berter bals In exchange for
the Sterling
Area year. cotton Egyptian
and other
LESS MARKED
which failed and Jailed products.
spectacularly to absorb the Much spadework will still Other large increases in ex- shock of
of the sudden change in have to be done to restare the parts were from Pakistan (126 world trade conditions. pre-war trade ties and to ad- per cent), Hongkong (07 per just relations to present condi- cent), Wist Africa (63 per cent), ilons und requirements, the
South Africa 180 per ca.), East Africa 102 per cent) and ELA:ICAS Suid.
Ceylon (01 per cent).
of
come
MEETS SNAGS
1
the
The existing trade agreement
The increases in the price of between Egypt and Germany Ismanufactured goods were much aid to have run into difficulties less marked than those of the acd efforts are being made at primary present to overcome the handl-
cap
much
of
a
an
coumrles,
of
....... 10.05
19
500 12 10}
500 à 1934
300 or 18,03
1000 W
600 4 18.40
社
Provident.....
300 14
S'hal Dock 2.40 2.70 Wheelock ... 4215 LAND, ETC,
HK itstel
HK Land S'hai Loud Kumplireys
.. 8.70
.. 573 5814
14
Tram
17.5317.00 '500
Sta: Ferry
.. Light (01...
310 121
,.3.30
C. Light (N)
Electriu
$0.0 2334
341001
Increased export famings fostered
impression rose prosperity In the producing countries but when
this im- proved to
to ba pression
a false reaction It
was not
not sumclently n serious crisis, INDUSTRIALS to prevent
It had become apparent
nary commodities. This was continued to rize long |
widt
Cemical
Elec. (Benus) 22% Mi
Telephone - 16.45 1911
.... 101 10.00
2015
FOLY
Watson XD, 2
COTTONS
Ewo... $3
Dalry
* 83 83 28 888888888831⠀⠀ 885
$960
Coal Production
In Pakistan
reflected in the comparatively that export earnings were no STORES, ETC. smaller increase in exports from longer able to sustain them at Tho latest tentative ap- the United
Kingdom (23 per their higher levels. in Germany by sim
The Sterling Area has now set sin) and Canada (26 per cent). proaches
there In general left
was an itself the task of balancing its representatives Egyptian them with the impression that increase in the volume of exports trade with the outside world by could be done to promote in the first six months of 1951 the second half of this year. closer trade on a broader scale compared with the corresponding Even if the intention to cut im- and They bollove German machinery period of 1050, particularly in the ports is carried into effect
case of
Ceylon
and the measures are taken to India, grout
prevent variety of types could be shipped to Egypt to help United Kingdom, although, com further inflation
pated with the second half of an immensely
prove and
task. bulld up new Industries
1950, there was 1tle evidence moderniso existing plats.
As the
Ministers of any ICTCORE (N
volume. But the
did not sources
pointed out thle is not a crisis
Karachi, Pro, 10. The increase in exports, how that envisage
Coal topped Pakistan's ming- be solved by "negative can thlu process to take
ever, was accompanied by similar, and restrictive the form of
ral production German
methods alone." Invest-
during the year and' in
some cases, ments in Egypt which
The would
need now is for an ex- 1960-81 with a total of 480,750 pansion of give
Commonwealth
tons, Germany control over the greater increase in imports.
pro-
an. announcement of the Belf Imports of respective industries, All they members of the Commonwealth, will be done all the more quickly
Kaverning duction
and
exports, and this Ministry of Industries anys.
Other
mineral production for see at present is a supply of including Southern Rhodesia, in- if we accept the fact that fallure the SCU
year? chromites, 18,125 tons; machinery
of and
German tressed by £1,182 million (47 will mean the collapse of Sterling petroleum 44,834,020 Imperial technicians and experts who
10,250 tons; would help
disintegration of the gallons; gypsum inciall them and per cent), while Imports of the and the assist in, fraining workers bu Colonies rose by £288 million Commonwealth as on economic limestone 303,295 tons; silica sands 4,005 tons; fireclay 1,000 would leave when the job
tons. dons-United Press.
Faced with a continuing sharp run-down of dollar resources, Britain's problem is that the new aid-intended for orders placed in the future- may not be available before her mid-year balance of overseas payments.
Strict
conditions have been ; with the aid dollers to Ipid down by America on the whether the list can be, extend- direction in which the dollared to talte in items not at pre- ald-may be spent. It can be sent included. used only for buying "defence- like" materials Imports which can he strictly related fence.
The list, not yet final, in- to. de cludes ateci and steel-making
materials.
Another Being
Discussions are now held between Britala and America on the "elligibility" of various materials for purchase
Bank President
Visits India
New Delhi, Feb. 10,
object of the talks is to see whether various pur- chases can be regarded as roe trespective so as to be met ou! of tho aid fonds. Router.
CEYLON ANXIETY
Colombo, Feb. 10. The Ceylon Government 19 considering the question of curbing dollar imports to keep the Laland's balance of trade with the dollar area,
United dwindling of The Mr Eugene Black, President of States rubber purchases from the World Bank, arrived here to-Ceylon is causing anxiety here this would considerably day for a fortnight's visit to AS India in the course of a study reduce her dollar surplus and and even lead to a dollar deficit this tour of the Middle East
year, South-East As}],"
is being position
The
Mr. Black fold correspondents examined by the Finance Minis
at the airport that during histor, Mr J. R. Jayawardene, whe visit he would discuss with is likely to make proposals zoon Indian omcials problems con- cerning India's development pro-
Jects
who
■
(59 per cent).
is
MALAYA
Outstanding
an even
OUTSTANDING
increase in fm- ports into colonial territories was
Rubber Estates that of Malaya, where an increase
Disposed Of
of
unit.
Ore For
Iron
Jap Mills
Four Japanese
Pakistan,
deficient in many minerals, imports coat from various areas, including India-
Associated Press.
COAL TARGET I$ EXCEEDED
123 per cent (100 milliony was recorded. In the case of ali other colonlaĮ territories the percentage increase in imports was less than the average.. Kuala Lumpur, Feb, 10.
The Board of Trade Journal,
Tokyo, Feb. 10, Sales of enemy - owned
figures
Japan produced 4,811,000 tons Tokyo, Feb, 10. (Japanese) rubber estates in which published these Malaya brought $10,608,230 yesterday morning, points out
steel mills, of cop in January, the Govern- that while the increase in the have signed a contrast for pur-mont, announced yesterday, Last year..
was due chase of $1,000,000 tons of Phillp-Total coal production since The Custodian of Enemy Pro-value of imporla perly reported that enemy-part to price increases there were pines iron ore, Nihon Keiral, an April 1 last year to the end of owned estates: remain to be also increases in the volume of economic journal, reported to-January this year amounted to 37,053,000 ton 353,000 tons Imports compared with the firet sold. Proceeds go to pay war
six months of 1950.
Two reprezentatives of
the gora then the target the damage claims.
Philippines Iron Mining Com-announcement added-heuter. pany algned the contract with Yawata Steel, Fuji Steel, Japan Steel Pipe and Kokura Steci at
A total of 119,673,979 pounds of rubber has boom produced on the enemy-owned catates since
Press.
the
On balance the increase in the value of Commonwealth imports in the first half of 1051 exccoded
day.
Liberation. '*- Associated the increase in value of about $9.15, per ton. fres-on-
Increase In US
Grain Exports
and the adverse trade
(measuring imports CIF and board,
for
delivery not later
porte no.B.) Increased from than March next year. £917 million in the period The four Japanese, steel.com- January-June 1950 to £373
are panies, which the largest in million in the corresponding the field are reported to have
period of 1951,
agreed to invest $1,000,000) for
+
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AGENTS:
Feb. 16
Mar. 2
Mar. 16
U.S.A.
Feb. 16
Feb, 29
Mar. 15%
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Due From:
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·SİONTREAL” AND ALL AMERICAN - 8., CANADIAN · CITIES
Gyam,' farinas Islands, Micronesian' Kalanda -- Regular Service direct or with franchipment.
the Government.. The Finance Minister, who is
An increase of £330 million | exploitation of iron mines in: SAN FRANCISCOS LOB. ANGELES and would be meeting said to be opposed to drawing on
Washington, Feb. 10.. India's Finance Minister, who the dollar pool If possible, sald The Agriculture Department in the adverse balence of the the Philippines. Nihon Keizal
United
and Kingdom,
the sald the Government is inclined Chintaman Deshmukh,
today.. "Ceylon has been a con- today inarcused the February returns here como:row attributor to the pool since its grain axpart programme to emergence of an adverse balance to appotton the dollar invest
14
million in Canadian ment,Ansociated Presa. brief visit to London.
Inception and we have not only total of 11027,000 tons and, an- of
trade, were the main factors con- India has already. received dived within our means.but we Inounced a March export schedule huling to the Increpso, in the
of 1,844,000 tons of wheat, rye, $58,000,000 in loans from the have been providing the means.
trade deficit of the Common coarse grains and oil reeds.
whole World Bank to finance land for others to live too.
W is pleo eng of the accepted. Germany indom
Germany, India, Japan and wealth o'r
South Africa and octomation and power projects
would
Southern ·Tranderen › wan" dane in the local policles at the Government to
· market' - this and is now sooking further build up dollar fraserve in wave
qusalities Rhodesia also had bigger adverse women ange
maming at the following MAR Дорлард
6.221 TRADE WINDH
1^ "Mr Black's visit follows reports |--
add we are all matters that the period"
Lo our Stoyling reagryp underpa Gregrammes for men trade balances Large filerenses solar park
four months through in the favourable balances of hierling note:(par: 1)
1.00 and Pakistan and Indoneeruders if per 100) Hidde to him By: a Bank daeth Government is considering in the iny. Belgium and the Nather Australia
the Bingapore. (Bivalta),20) "on" at the end of last year on light of pur importa from the lands also would receive sub-embllar Increases in
dollar-ares."--Baufer,
stantial amounts United: Press favourable balances of many Fic-plastres (per 100/ Inilla's request-Houter,
From
For
Exchange Rates
“WILLIAM LUCKKNÉACW)
Ban Francis
Mar 10
Mar. 11
Fenang & Portf
い
~Mar, 21
d. Los Angelės
27.50
For full particulars call United States Lines Co., General Agents; Queen's Building, Tel;' 28290)