THE CHINA MAIL, WEDNESDAY, FEBRUARY 13, 1952.
MESSAGERIES MARITIMES MAJOR TRADE DRIVE BY ROYAL INTEROCEAN LINES
MO M
"ZELIDJA” "THEOGENITOR"
"FELIX HOUSSEL"
"MORTAIN"
+"ZELIDJA"
M
་
Arriving Leaving
Feb, 21 Apt. 2
Mar.
Apt.
4.
WESTERN GERMANY
Outward For
Japanese Textile Prices
Bid For The
(By VAUGHAN JONES)
Kobe, Yokohama Kripsong
Homeward For
KIRTSbiles via Manlia
...Mar.
Mar. 7
Mar. 17 „Aðrir 4
Mar. 12 - Apr. 1
N. Africa & Europe N. Africa Europe
passengers & freight.
#
freight for Saigon, Port Said, Tunis, Maraeilles Algiers, Oran, Tangier, Casablanca, Hayre, Dunkirk Antwerp & Rotterdam. ·
Subject To Change Without Nolten
CIE DES MESSAGERIES MARITIMES
.P.O. Box 53, Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
PENINSULAR
AT LOWEST IN
SINGAPORE
fuchi Spinning Company, Osaka, ne of the biggest textile arms Siakapun.
& ORIENTAL has
STEAM NAVIGATION COMPANY
R.M.S. "CARTHAGE"
1
SAILS:
NOTICE TO PASSENGERS
BAGGAGE:
FRIDAY the 15th, February at 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.
SPECIAL NOTE: With the exception of hand packages carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co's Godown for loading on board by ship's slings only.
EMBARKATION:
Will take place on Friday the 16th and February between 9.30 a.m. 11.00 u.m.
Havenga Scheme
To Aid Britain
Johannesburg, Feb. 12.
It seems that South Africa's Finance Minis- ter, Nicolas Havenga, started something when in Parliament he suggested that part of South Africa's £67,600,000 gold reserves be made available to Britain, and hinted at the imposition of a purchase tax.
The strident Strydom Republicans-Nationalists led by the Lands Minister, Johannes Strydom--see no virtue in helping Britain and want South Africa to cut away from Sterling.
EFFORT TO
ATTRACT CAPITAL
a" study of
all Nationalists, all the And United Party and all South Africa are unanimous in condemning a purchase tax,
are
year's
Mr Havenga may be forced to drop the idea. The Nationalists
worried about next élection prospects-worried lest decrees lessen their austerity chances of being returned to
Leading financial experts and economists say that those who oppose help for the Sterling Area forget that if South Africa breaks away:
made two-month four of Indonesia and will leave Singapore for Ceylon today.
World Markets
Dusseldorf, Feb. 7.
"TIMODAL"
"TJILUWAR**
"THISADANE” "BTRAAT SDENDA"
"VAN HEUT82" "HOUSEVAIN
SAILING'S
Tab. 11th
Djakarta, Tjizabon; 8 =MATEKE,
Surabala a MENÈRINAE
· Kingapore.. Djakarta Semarang.
Hurabala & Macassar
Japan
Japan.
Fab. 18th
Pab. 14th
Feb. 22th
Feb. 2ith
Здрад
Mar.
Japan
"THWANGE
atar,
Zud
Kingapore.
Jakarta,
•
"TIPANAS"
Star. Gth
Manila, Bingavers
Mac.
TL
TJIPONGOж”
"TINADANE”
Max.
Mar.
Th
*piar.
13th
Mar. 2ist
MAKASBATE“ JIKAMPEE
Star. 28th Mar. 23th
"TJIWANG
"WAN HEUTEZ"
"TIILUWAD"
Apt.
Apr. Apr. 10th
tod
1th
Apr. 11th
“TSILUWAIM
#10155KVAIN"
The new German Federal Republic is barred by the Iron Curtain from its old export markets in the nearby agricultural countries of Eastern Europe. So today it is.feverishly seeking to spread the growing,STRAAT flow of the Ruhr's industrial products over the remainder of the world.
to
There is no regular outlet eastwards, even Germany's Russian zone.
The reason is that the Soviet Zone, whose sweeping
farmlands previously supplied 75 per cent of Germany's home-grown food, is harnessed now to the Communist bloc's economy.
Bemarang,
B.
Africa
Gemara
**TIBOD48**
TASMAN" "TJIWANGT
"STRAAT
MAKASSAR” "TJIPONDAK"
“TJILUWAN"
Apr. 23th May 2nd
May. 41!1
May 7th
May 18th
Surabala & Blacassar
atny pars, PennDe Belawan 11611 Djakarta, flirtate Bemarang.
Surabala D MACKLARE
Hingapore, hauelling. E. & 8. Africa
48. America
Hingapore.
Djakarta,
Bürabala de Barackar
-Manila, Bingaporo, Mauritius, M. da M.
Affies à 8. America
Japan
Djakarta, Tjirebon,
Juratala a Macamar -Bingapore. Djakarta, Beymarang.
Burabais a Sacr
Singapore, Koning & Bolawan Dell' Singapore,,
BETANE,
Dinkuta,
Surabala & Macassar Djakarta, Tiirebon, Bemarang,
Surabala di MRCAKAP
Singapore. J'anang Belawan Doll -
Djakarta, Bemarang,
Binssla & MacaGIAT
·Manila, Singapore, Mauritius, E. & H.;
Afrten & B. Amteries
Djakarta, Tjirebon. Remarang
Burkbala Mincasser Alagapata, Djakarta, Somarane.
Kurabala & Matamar
From
ARRIVALS
"TJISADANE"
Feb. 14th
"STRAAT SOENDA" Feb. 26th
"VAN BEUTAZ"
Feb. ZIL
B. America, E. & 8. Africa Singapore &
Marlia
8. America, B. Africa, mgapore
Harabala & Manika Penang, Batawan Doll & Bingapor Macassar, Surabala, Bemarang.
Diskarta & Singapore
Bemarang, gurabala, Macassar.
Djakarta & Singapore
General Agents,
HOLLAND EAST ASIA LINE
+
HONGKONG SHARE MARKET
· Tu
ARGENTINE CONTRACT
is
(From Our Correspondent)
Buriness dune on the Stock Exchange
WOR this morning
Noon valued at $1,095,522.30.
the morning's «TFIWANOI" quotations and
"TIHLUWAH"'
Singapore, Feb. 12. The prices of Japanese textiles have reached their lowest level in the Singu- pore market and Japan can not sell cheaper, said Mr Keigo Yamada, a Japanese trade representative here on a brief visit.
is chief Mr Yamada
To Hongkong, Malaya and of the
And the Communist bosses do
she approximately cution textiles finished goods not wish to relinquish their grip Thailand, sretion attached to the Kanega-on its rich agricultural produce. quadrupled her exports over the last year, to Canada and Aus- lilicit transactions till con-tralia she roughly tripled them.
In South and Central America, tinue between Western Germany and the Soviet satellite States she is making special efforts. last May, before the Allies made close the concerted drive to
they allegedly fronter leak, reached a rate of £100 milion resuming her pre-war position
However, the a year.
the flow has He will also visit India, I now decreased, as the Western as chlod supplier of heavy In- dustrial products and engineering impose economiz
"skill". Pakistan, Burma, Bangkok and
against offending firms.) and customs men and trontier In this connection, Argentina | INSURANCES police hold stricter watch. For has awarded her contracts for these transactions involved the bullding 300,000 kilowat despatch eastwards of strate thermo-electric power station IK Fire Mr Yamada believes that onegically Important materials 300 miles north of Buenos Aires SHIPPING of the main reasons for the lex-benefitting Communism's war during the next three years, Largest power plant in South tile slump in Singapore, causing potential. Arms to close down, was caused The result is that the Federal America,
million, by inexperienced speculators Republic is today redoubling her who thought that they could efforts to capture new markets huge profit by stock-in the semi-industrialised and under-developed countries, many make a piling.
of them in the Sterling Area.
The increase in her exports is already striking.
Hongkong to complete his sur-orities
vey of the Japanese textile mar- ket in South-East Asia.
Japan cannot reduce further the price of her textiles, he said, because the price of American cotion has gone up.-Reuter.
THAI CONTRACT
of
Tokyo, Feb. 12. Japanese naunfacturers railrand equipment expect to get $2,800,000 contract from Thal- jand, the newspaper Nihon Keizai Osaka,
reported today from
The newspaper sald financial terms are being negotiated.
Kelzai sald various Nihon
last nations bid in Bangkok January on construction of 100
lion.
In 1950 they were £007 mil- 1951 they were £1,174 million, or nearly half Britain's, This year, Bonn trade officials hope that the gain will be-in proportion.
TRADITIONAL WARES
Coal and steel, machinery and other metal products, electrical motor-cars, pharmaceu- goods,
lculs, optical instruments, chemi- toys cal products, textiles and are among the traditional wares she has to sell,
At the same time the Federal
For in these areas, sho
a
it will cost 225
In Spain, Cerman influence especially in heavy industry, is becoming increasingly marked.
a)
transactione~~~
SHARES DUYERS BELLENS SALEX BANKS
1K Bank .. 1500 1000 50.@ 1645 20 3500
N. P. “Whor!" 720 *200 Dock.. Provident 1416
Fab. Itth
Mar. 13th
4444€
Canton Union Underwriters
2.15
775 783 40 78255
145
Asia Nav
DOCKS ETC H. Wharf
1.55 145 1000 1.65
11500 1.70 7000 3.05
300 100
600 15.03 1495
SAILINGS TO EUROPE
"HOOGKERK". 4ARENDSHENK "KIELDBECUT
ΣΣΑΣ.
ADT.
May
"AAGTEKERK"
Juno
"OVERIJAEL"
July
4374
19 1000
43 500 GE 1
SAILINGS FROM EUROPE
Balls Rotterdama
Arrives Hongkong
Railed Jan. 31st
Mar.
Mar.
5th
Apr.
101
3250 di 19.43 { "AAGTEKERKTM
Apr.
May
101
2500 4 8.50) OVERIJEL
May
2nd
June
721
3300 8.00 HOOGKERK"
May 28th
July
300
3000
Bhai Dock. 2.40 Wheelock
HK Hotel
In return for raw materials, in-LAND, ETC. cluding Iron ore, wolfram, mer-
and pryites, as well cury fruit, a group of Ruhr steel and machinery bosses will provide machinery, equipment and tech- nicians for coal mining, snelling of power and the construction stations.
In Switzerland, as part of the incoming flow of German goods, German motors are ousting British cars.
Significantly, throughout the world, the general quality of German goods and their delivery times are termed "satisfactory".
BRITAIN ALARMED
ARENDSKERK" 3.20 8.30 1000 8.40 "KIELDEÈCHT"
40009
8.10
0.20
1000 ch 8.25
750 W 5035
1000 1.70
KK Land
.. Bars S'hal Land Humphreys 10 1434 Realty 2.60 2.05 10,000 2.95 1000 2.653 UTILITIES
Tram ..... 17.00 13 2600 17.85 1000 17.00 Peak Tram
1132 Star Ferry
122 C. Light (0) 8.80 8.05 2500 @ 8.03 C. Light (N) 0.10 6.23 1300 8.10 Electric
21 241 1400
In comparison, Bri:lsh delivery passenger coaches. Thal authori-Republic is employed on a times are twice or more as long INDUSTRIALS ties liked the Japanese offers ship-building programme aimed because of rearmament's claims
merchant fleet of an her industry. to seek at creating and came to Japan
24 million tons by 1954, enabling
Britain's further modlileation of terms,
her by then to carry hall her overseas trade vessels.
A Japanese official was quoted as saying, "We feel confluent' of;
the contract."- getting Associated Press,
Of Granting
Credits To
Franco
of
Regime
Industrialists
in her own naturally alarmed.
72.00
462
MAERSK LINE
24.30
2000
21.33
300
241
Mectric
(D) 227
43 2800
3600 61 25%
Telephone
17
1000 17
10.40
arc
Coment
Rope STORES, ETC.
Dalry ....... 2015 20% 4000 e 201
1500 @ 20.00 Watson XD NTA L. Crawford 20
200 18,55
24 23
1500.35
this
MISCELLANEOUS
1700 ง
Yangtze
18.75 5.05
M.S.
2000 or 4.30 52000 n
2000 0 0.00 £000 6.10
Ewo
Vibre
COTTONS The only means to halt Together with these Made in Germany goods, say representa-compatition, they say, is to allow tives of the Ruhr's Big Business, the Federal Republic to produce will be despatched engineers, arms for Western defence, thus techniciana
up part of her labour construction using workers, to help build and equip force and raw materials for the power stations, railways, fac purpose.
and
ties, reservoirs and bridges. Even so, German competition
wherever a contrast can be eb-in the future, they consider, tained.
will become a vital threat to Britain's export
the trade it world's demands for consumer goods slow down in any future trade recession.
Africa, with is still consider able German element la the South West, is regarded # having excellent potentialities.
Alone, the Union of South Africa Imported over £14 million
For then each manufacturing country would be forced to
of German goods last year, | battle harder to sell its wares-
against £6,080,000 in 1950, Washington, Feb. 12. Mr Herbert Gaston, President the Export-Import Bank. referred briefly to the Bank's activities regarding Spain before of Representatives' the House
00 appropria- Sub-Committea tlons.
BIG INCREASES Amounts imported into other African territories might seem strn-but the increases the previous year vers remark- able.
over
Kenya and Uganda bought Mr Gasion told the Commitice
were £3,000,000 compared with £859,- that two bank officials
in com 000 in 1950; Tanganyika, £600,- recently working
Mutual 000 against £271,000; Southern operation with the
*585,000 against Security Agency mission regard-Rhodesia
£215,000; Northern Rhodesia, ing credit already-made or con- templated for which the Bank £334,000 against £108,000. And these increases are typical of acts as agent.
Rose in other areas in the Con- dhant,
During the calendar year 1951 Bank had made loans total-
as a matter of economic life or | death.
Japan Major Buyer At Wool Sales
Brisbane, Feb, 12.
The Japanese contingent at this week's Brisbane wool sales
The Rubber
Markets
Singapore, Feb. 12.
Prices of rubber futures closed today as follows:-
nobar 1 rubber, per 15,' February
Maret
April
Number 2 rubber,
February Number 3 rubber.
February Number 4 rubber,
February
Spot rubber, unhaled Black crepe No
pale cepe
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES. AND PANAMA,
NEXT SAILINGS
"JEPPESEN MAERSK"
M.S. "HULDA MAERSK” M.S. "TREIN MAERSK"
ARRIVALS FROM
M.S. "TREIN MAERSK"
M.S. "PETER MAERSK” M.S. "NICOLINE - MAERSK”
Feb. 16 Mar. Mar. 16
2
U.S.A.
Feb. 16
Feb. 29
Mar. 15
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
128-1294
Pedder Building,
12744-137
12015-127
3254-
1221-123
13325-32
94-05
12732-125
147-152
-United Prom,
'LONDON MARKET
London, Feb. 12. Prices of
futures rubber closed today as follows:- Number 1 rubber,
March
In centa por 1b.
April April/June July/September
3712 37-372 38-3/3-37
35-3514 *34-342
-United Prean,
Exchange Rates
It was with this in mind, and was the biggest since pre-war the $124,000,000 to four coun- the vast construction and. deve days, and their spokesman in- tries Spain, Japan, West Gor-lopment work to be done indicated today that they are vut
Buy Africa, that Her Brettschneider, for big business. Colombia-10 ond Tokyo, Fob. 12,
many
.Operating behind the scenes, head of the German Africa As- United States cotton. Plans are under way to change
sociation, recently appealed to Japan became one of the major October/December the Japanese law so foreign
Federal Governmens Lo purchasers of wool at yesterday's Sub-Committee members ask-the 1. She would have to sell her Investors will be encouraged to
"ubstantial credits" to and today's od Mr Gaston about the loun grant
sales. Japanese Hims bring capital into Japan, the farm produce exports on licences
to re- buyers attended as obscrvers lo Spain and Mr Gaston replied. (German
seeking Finance Minister,. Hayato Ikeda, granted by the dollar area;
but their orders an Economic establish themselves there.
wore alled "That 2. She would find these goods
loan was said today.'
Administration The Middle East Asia and through established internation- loan, now the Mutual Security South America have also been al buying brokers in Australia "The Japanese Government is competing with those of dollar Co-operation
and it
German to bring Was vigorously toured by
them among the top. Business wa done in the local Administration, at present making
3. South Africa would be a
of Congres
who, after sizing purchasing countries amendments to the foreign in "foreigner trying to do what made as a result
We have
followed Wool shipments to Japan this morning at the following slonal enactment. vestment law for submission to business sho. could with
missions. been acting as agents for the
All have year will be easily. the biggest US dollar (per # by the current session
the Sterling Area, now her
ECA in the administration of successfully pressed German since before the war. Tokyo's terting note (per £1)
Indonesia, guliders (per 100) National Diet," Mr Ikeda said. customer.
wares into the shop windows, Zenrin Trading Company's pre-am ticals (per 100) the new loan,” GOLD COVER HIGH
suld Bingapore. (Straits) Mr Meda addressed about 500
Their salesmanship will grow sident, Mr A. Ameniya, Economists also say that South
|PIC pinatros (per 100). American and Japanese business-
Africa would be in a similar
more intense, predict the Ruhr Japan hopes to buy 500.000 are re-bales of Australian wool this sex- men attending a Joint meeting of
bosses, now that they
son, Half this amount was pur- the American Chamber of Composition to Wall Street in stock
exchange business with London. selves in the Bank but with gaining their footholda
chased during the first half at For these reasons, they sny, it funds made avaliable to us by
the season. Is impossible for South Africa the Administrator of the ECA or as it is now, the MSA”...
of
merce in Japan and the Fedom tion of Economic Organisations.
Mr Ikeda said one amend- ment under consideration was
to leave the Sterling area.
the best
He added, "In the case of all ECA loana we actually put out the money and take notes our
It seems, that the voices raised United Press,
the gold-for-Britain
:
to allow investors to withdraw against their capital principal after a schema. ara being heard, for period of about three years. nothing has been done about, it
since Mr Havenga spoke. The Japanese Government, he A leading economist, who sald, had allocated $20,000,000.backs help for Sterling, says for the importation of foreign- | South Africa's ratio of gold mado daily neceuitics.
Habilities to the public reserves to This allocation for items for on Jan. 18 Was 75.6 per cent, foreign nationals will be scaled probably the highest gold cover
country, down because Japanese pro- United States.luding the ducts may be gradually! sub-
South Africa, he says, could stituted to some extent.
her, gold, Cover It has been the consensus of substantially the small specialty shop, owners Britain£30,000,000 pas been in, Tokyo that about $25,000,000. muggested and her currOBEY a year was peeded for foreign would will be sound compared national consumers Associated with many countries. „Press.
(London: Express Service)
,་་་
Argentine Coal
Imports
up
WELO
CASHING IN.
Mr. Y. Tanimoto, textile raw For, fearing a possible trade recession when the present material department manager of Marubeni. Company of world rearmament hoom abates, Osaka, said wool was they wish to secure markets as material vital to Japanese re- rapidly as possible.
the
a.row
Already in Egypt, cashing in habilitation and they needed
anti-British fealing, the more of it-United Press, Federal Republic has been gra
Crani
'on
od contracts for building e. Nile
of a Nile
TRADE MISSION
TO INDIA
unonicial excharre
market
this Tales:
0.72
16.00
27.50
Tel: Noa, 88006-9.
PATTISON ORIENT LINE
LIMITED
5.9. “LAURE PATTISON”
Due From:
In Port
12-14 Queen's Road, Central.
Sails For:
DIRECT Pusan & · Japan Feb. 17th
Tel. 25848.
1952.
CHINESE AGENTS:
OVERSEAS CHINESE STEAMSHIP CO.
48, Bonham Strand, West, 1st Floor.
Tels. 26127, 81118 & 81119,
Paciffic For East Live, live.
DMELT
Fast Regular Trans-Pacific Service
· OVERLAND NEW YORK-CHICAGO-DETROIT-TORONTO MONTREAL AND ALL AMERICAN '& CANADIAN " CITIES
BAN, FRANCISCO, LOS ANGELES
Guam, Marinas Kalanda, Miéronmian Islands -- Regular : Servios, dirent, or with
Arrives
Salin
shipment.
ed bridge, re-made conuiction of Barrage and the Buenos Aires, Feb. 12.. ཐ
The United States was. Ara Calro power station, Further sentina's chief coal suppiler, last more, a Made in Germany" ex- year, according to trade figureshibition will next Júly open at issued today raas
Alexandria and later tour tho Middle East's principal elties,
In Turkey,' German salesmen for Imported during the year,fe back in numbers.
Pakis 1931.444 tons came from the In nalabbouring States. U.S. Britain was, second, folton and India, and away to In- lowed by France, Poland and doseala, the pattern runs the arrive in India next month, the For fall particulars call United States Lines Co., General Agents, Queen's Building, Tel: 28190,
radio added-Tranco-PrOBS: Chile-United Prema
safely reduce ceding gold to or tî total of 2,078,817. mairie |
Tanmo
Paris, Feb, 12. An official Japanese industrial "WILLIAM LUCKENDACH” miasion fa to visit India, accord- ing to the Indian radio monitor ed here today.
TRADE WINDY
The mission la corposted to
San Francisco
Mar, 10
Mar 11'
Bingapore, Penatis & Port
Bwettenham
Ban-Franciaco
Mar, 20
Mar
Sab Franciaco & Los Angeles