MESSAGERIES
MARITIMES
M
Aerloine, Leaving
"ZELIDJA”
#VIROMENTTOR"
--Web. 192
...Apr.
3
Teb. 24
Apr
A FELIX ROUSSEL" „ptar, d
{"MORTAIN"
+"ZELIDJA"
*
R
Mar. 17 APP. 4.
Mar, 7
Mar. 18
passengers & freight.
THE CHINA MAIL, THURSDAY, FEBRUARY 21, 1952.
COMMONWEALTH TRADE
M Exports And Imports Increase In Value
}
Outward For
Kobe, Yokohama
Calpkong
Homeward For
Markables via Atanija
N. Africa & Europe Apr. ↑ N. Mira & Europe
freight for Saigon, Port Said,, Tunis, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Donkirk, Antwerp & Rotterdum.
* Subject To Change Without Notice.
}
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA ́via SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S. "ULDA MAERSK"
TREIN MAERSK"
ARRIVALS FROM U.S.A.
M.S.
M.S. "PETER MAERSK"
M.S. "PETER MAERSK"
M.S. "NICOLINE MAERSK"
M.S. "SALLY MAERSK"
Mar. 2
Mar. 10
Apr.
2
Feb.
28 Mar. 17 Mur. 25
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Fedder Building.
Tel: Nos. 36066-9. ·
US-Indonesian
Tin
Talks Expected To Be Resumed
Washington, Feb. 20.
Authoritative sources said today that the Indonesian Government mission is prepared to resume negotiations with the United States for sale of tin after receipt from. Djakarta of a new pricing formula.
The negotiations are expected to resume during the lalter part of this week..
While the exact forniula can-
'beaded
The
Mr
tions between the Reconstruc- not be disclosed, it can be said tin Finance Corporation, that the Indonesian cffer is sole U.S. buyer of this com- Indonesian of modity, and the bused on a rough estimate
by the pig mission, 20,000 tons of Indonesian
Minister, tip being made available each Foreign Trade year to the United States dur-Durmuwan Mangumkusomo, ing the next three years,
faced However, they This amount
considered with the American offer to pay is adequate by American officials only $1.18 per pound for 20,000 to keep up stekpile. require tons of tin to be bought from ments but they had no oppor- Britain. tunity to talk over the Indone- sian price formula which is on u silding scale.
were
DJAKARTA FORMULA
The United States is obliged The Indonesians. have con-under the agreement with Bri- sistently asked a price of $1.25 tein to raise this price it more per pound, for tin in negotiais paid to any other foreign in
Foreign Exchanges In NY
Canada England-mcial unonicial
New York. Feb. 20.
US$1.00
2.78-3/15
Ly
H
30-day futures
Australia
30-day
New Zealand
South Africa
Folglum
2.30 bid/- 233 naked 2.77-11/10 2.704 futures
22232 2.7696
producer.
For that reason, the Indone- slon tin fermula has been work- ed out in such a way that it would cost the United States a little more during the period of the British contract, which is for one year, but would make up the differnce Inler.
Indonesian
und American officials are expected to meet later this week to discuss the latest proposals from Djakarta, -United Press.
J
LONDON MARKET
London, Feb, 20. The tin market was quick but steadier this morning. Turnover was 35 tons, nothing for cash. Prices closed at the end of the official morning session
follows:-
Spot tin, buyers
Business done at ...............
Rice Decision By Siam
Bangkok, Feb. 20. Speelai permission 10 export ap to 100,000, tons of rice will be granted to private merchants If they co-operate with the Gov- ernment in finding oient rice for the Govern- ment to meet is contraals with forcim countries, Luang Vichit Valakarn. Minister of Commerce,
1oddy. The Government he Binding It added,
Was inleul to meet rice con- tracis affecting India and British territories.
рет
The 100.000 tons missible would be in addition 10 the export quotas fixed by the Gov- crnment which include 160,000 tons for India and 295,000 fony for British territories-Kleuter,
Views On Newsprint Shortage
U.S. CRITICISM
Serious Competition Being Experienced From Germany
London.
Expansion in Commonwealth trade which was a feature of 1950 cort- tinued during the first-half of last year.
During the January-June period Common- currencies which enter so much into the surpluses and duilelts of wealth exports amounted in value to £4222 million their balances of payments.
Germany is joined by an increase of about 47 per cent over exports
countries which, posacasing n recorded in the first six months of 1950, and ships of their own in September almost equal in value to total exports for the year 1080, had by mid-1951 acquired over 2,000,000 tons of shipping another 500,- 1948 (£4,348 million).
of their own,
with 000 tons under construction.
TOKEN IMPORTS wern has
It already been announced that the Token
Import Scheme for imports from Canada and the U.S.A. will continue in 1962 "at a reduced level." The Board of states that imports
in
countries.
-VAN, HEUTEN“. “STRAAT SOENDA FCR. **BOISSEFERO" - "THWANGr
"TJIPANAS" #TABMAN -“TJIPONYOK"
-TJADANE“
**TJILUWAIC" "BOISSEVAIN"
*STRAAT
MAKASSAN” "TJIKAMPEK"
"TJIWANGI"
HUAN HEUTERİ
INTEROCHE
TEROCEAN
MAILINGS
Pago 9
Djakarta, Semarang. Surabala 4: Alataustr
Africa
Sinzabora
N.
Kingapore, Penang & Halawan Bell
2nd
Mar, G Max. Ti Mar. 7th
Mlar. tha
Mar. 16th
Star. 2131
Japen Japan
Bingapore,.
stanka,
Mar. 20th Mar. 27th
Apr, 2nd
ENTRÆNT SOENDA” APP. 1418
"TFILUWARE"
*TJIDOD4B"
"STRAAT
jakarta.. Tabor.
Sarabala Mlnesssar
marang,
Kingapore, Mauritius, 2, 8. Africa
8. America:
Singapore, Djakarta,
Kemaraus,
Kurabila a Minerssar Manila, Bingapore, Minicitius, E. & 8.
Africa 5. America
Japatt
Djakarta, Trcban,
Burakala de Macassar
Semarang,
Singapore. Makit Geoarang,
durabila M. MacKásár
Bingapore, Penang & Belawan Disil Mañtia, Shigsporë, & B. Afrika Singapore Djakarta,
Búzabalu & Macauíaz
Apr. 7th
Apr. reth
Apr. 17th
Djakarta.
May
May 2nd
May 7th
May 16t
Tjirebon,
Burabala of Macassar
Semarang,
Singapore, Funny & Belawan Doll Singapore
Jakarta,
Marabula & MacrAIDE- Alandia, Singapure, Mauriilor, E. de 8,
Africa & 8. America
Djakarta, Trebon. Semarang,
surabala de Macasser Singapore.
Bakarta, Nurabila & Macakikr
Secara
Stanlia, singapore, Mauritius.
EAS. Afries & B. America -Kingapore, Penang & Belawan Dell
Muntak, Singapore,
Djakarta. Semarang, Bucabala * Macassar
From
14
**TROKAN** **SIWANGE
MAKASSAIL" "TJIPONDAK" "TJILUWALP
“TROELBERG"
May 20th
"VAN HEUTB2" "TJIWANGI"
May 25th
June Ind
ARRIVALS
“BTRAAT SOENDA” Feb. 22th VAN DEU782"
JIWANGE
5. Amorles, B.
Feb. 27th
Feb. 28th
Mar. 13th
**STRAAT
Mar. 22nd
MAKASSAR”
This increase in the valus of, in the favourable balances of exports, states the Board of many other Trade Journal, was due mainly insufficient to outweigh this do- to the rise in commodity prices terloration, which was Intensifed during the FRENCH ECONOMY
The further cuts in our im- Arst quarter of 1951, and which
from
the dollar arcas Trade now enhanced the value of exports ports frem alt Commonwealth chiefly, which Mr H.A. Butler, under the scheme will be per- terciuries in the first half of the Chancellor of the Exchequer, has mitted up
to 30 per cent by with the made have
been followed-as compared
at cach manufacturer' value 1950 In samg period
other: I was anticipated -
by
annual pre-war exports to the degrees varying from about 17 countries, France especially. The UK. (based on the years 1930- per cent (£5 million) in the case long recent Parliamentary crisis 98). Last year the quota was 40
191598). of British Borneo to 188 per cent in that country precipitated a per cent. The list of goods (£202 million) In the case of Anancial crisis which had been covered by the schemo Malaya,
threatening for several months. unchanged.
The Token Import Scheme is Now France is to reduce imports from the U.S.A. and with the intended to assist U.S. and
Payments European
Union Canadian exporters to maintain a limited volume of trade In France
hus + protected certain of their traditional ex- economy; wages are high and the ports to the United Kingdom, need to export forced on in which wc cannot at present dation creating a vicious upward afford to import more freely. spiral of wages, prices and again wages. The National Assembly ia
the details of a discussing
al. wage scale" basis
Notable Increases were record ed in the case of Pakistan (125 per cent), Hongkong (07 per cent), West Africa (83 per cent), Scuth Africa (80 per cent), Eos! Afrien (82 per cent), Ceylon (1 per cent).
WOOL PRICES
was
from
also
and
countries.
sdits. It recently rescued i
remains
HONGKONG
SHARE
MARKET
"TJILUWAR*
Africa,
|- Burabala & Manila
Kingapara
Pinang. Belawan Doll & Singapore
Macassar, Surabai, Semarang,
jakaria & Singapore
Macassar. Burabala..». Bumarang,
8,
Djakarta & Blagapore
America,
& * Africa, Mauritius, Singapore & Manila,
General Agents,
HOLLAND EAST ASIA LINE
"OVERIJSEL"
SAILINGS TO EURÓPE
"OOOOKERK"
ARENDSKERK"
Mar. Apr.
Tth
"KIELDRECHT"
May
Tth
"AAGTEKENK"
Jurie
་་་'|
July
Ith
SAILING FROM EUROPE
Salin Rotterdam
Artiyer Hongkong
"ARENDSKERK"
Sailed Jan. 'lat
hlar.
AL
"KIELDRECHT"
Afar.
5th
Apr.
10th
"AAGTEKERK"
Apr.
5th
Any
10th
May
2nd
Juge
TIN
May
28th
July.
4th
D
"OVERIJSEL" "GOCKENK"
KINGS
The continued rise In woor Washington, Feb, 20.
responsibic House prices was largely Members of the
Sub-Committee for the increase in the value or Commerce
which, the shipbuilding and ancillery exports from Australia the investigating
news at £473.8 million in the first-industries from mass unemploy print shortage in the half of 1951 were
60 per centment by the creation of a fund, United States, said there higher than that recorded during voted
to meet the annually, -would be no justification for the corresponding period in 1950; difference between the high cost the same factor was largely reof ship construction and repairs Cana-sibl further increases in
sponsible for
the increase of in France and of that prevail- dian newsprint prices,
approximately 22 per cent in the ing in shipyards abroad. value of exports from New In contrast to the shipbuild (From Our Correspondent) They voiced their views after
Zealand during the same period. Ing industry of Britain-wo pre Mr Noel Macy, Chief of the
The
increase of about 186 per building for export as well as Hotels, China Lights (Old) and National Production Authority's cent in the value of exports from for our own needs-French ship- Yangtzzes were a feature of this printing and publishing division, Malaya was due mainly to large yards were reaching the standstill morning's trading on the Stock unic. that he had heard un-r
increases in the prices of tin and stage. What was the situation in Exchange. Total business PENINSULAR confirmed rumours of a possible rubber; the increased price of shipbuilding was reflected in amounted to $821,040, Noon new incresss in Canadian price. rubber
quotations partly other industries.
and the morning's The United States depends on
news-responsible for increases in the To be viable, France perfolue transactions Canada for most of its
value of Ceylan's exports.
hus reduced her imports, par-amARES' BUYERS"seĹlens gales
BANKS print.
ticularly from Germany, whose HK Bank .. 1800 1335 Increases in the price of manti freedom from excessive rearma= INSURANCES Representative Lindley Beck-
Canton Chair-factured goods were much less.
has provided a ment measures warth, Sub-Committee
that another marked than those of primary spur to her exports which sho prutested 2/2011,
ice increase would have a very commodities, a fact reflected in might otherwise not enjoy. An on thid on sh
small US. the smaller percentage increase American commentary serious effect
has
that Buggested in the value of exports from situation
TRY at this time.
per
present financial and mentative James Dolliver the United Kingdom (23
France's
the said. There has been no testi- cent) and from Canada 120 per economic crisis is, in fact,
direct result of Germany's pro- muny before this Sub-Commit-cent).
Wages in Germany arg tee that would justify a further
In general there was an price increase."
week, 50 hours of Mr Macy said there has beencrease in the volume of exports good; but the German workman LAND, ETC.
gives, per months of last consistent work, undenied over- a temporary easing of the US. In the first six
compared with the time with double jor even treate sheringe. The shortage could year
this corresponding period in 1950, shifts That effort has all told became cute again later.
favour of Germany: it tell
will year or next. he said, and fore-particularly in the case of India, cas: that world demand will ex-Ceylon and the United Kingdom, still more unless Byltain and esd supplies for years to come.although compared with the France realise that the one care second half of 1950 there was today for economie 11s is hard -Unit Press.
exemplified little evidence of any increase in work, so
so typuniversal creditor, volume.
Denmark
France
West Germany
Hallona
108 1458 0023-9/18 4.20
2430
as
Epot tin, sellers
Italy
Norway
.1403
Three-months, tin, buyers
Portugal
Business done at
9:00 0934
9930 Three-months Un, sellors D62
900-102114
Bealn
2003
Sattlement
Sweden
07305
Lunited Press.
Switzerland
MIDDLE EAST
Egypt
3.0012
Tran
03123
Trag
201
Turkey
6375
LATIN AMERICA
Argentine
0720
0500
0113
Brazil
Holivia
Chile - Columbia. Cuba [Mexicó
Ponti
Uruguay Venezueda FAR EAST
India)
Pakintare:
Hongkong Indonesia Bingepare Jadan::
4205 100
New York Sugar.
Futures
New York, Feb. 28, Domestic sugur, futures No. closed ainchariged to, 3 lower. March
4.17 nominal 837 bid 0.50-00
| July
November
September
·0.69 bid World sugar futures No, closed unchanged to 4 lower,. March
4.36 nominat May Salember November 360 yen to USSI “United“ P. 45 Associated Pres.
4.30
4.00
4.30 asked
(normigalathe
NEW MILLS
Washington, Feb. 20. The Defence Production Ad- ministration today approved the building of three new
t
by the world's the United States,
INDIVIDUAL FIGURES
Before the Second World War was a fertile multi- Total imports of the Common- South America million dollar paper mills which wealth in the first half of 1851 feld for German trade, both ex-
that field
the during will increase this country's out-are estimated at £4,594 million, port and import. German pro-
of. 21,514 press in
months
becu put of newsprint by more thane.i.f., an increase
million (40 per cent) compared past 18 20 per cent,
construction of the projects.- Associated Press,
Cotton Prices
by
har
250
750 760
SHEPING
Asla Nay... 1,70 1.83 5865 A 1.775 DOCKS, ETC. K. Wharf
N Pt. Whart Bock Provident
Shri Dock Wheelack
NK Hotel
104 7 120 15.0
B000 1.00
145 100-14.30
14 5800 43%
8.30 0.40 1033 v 4.20
2000 2000 1000!
1000
QUIS NOS
SEPARABIT
& ORIENTAL -
STEAM NAVIGATION COMPANY
R.M.S. "CHUSAN"
DAU SAILS:
500 d
2000 BJ
03 300 (-63!4
HK Land.. 65%
S'hai Land
1.70 Humplireys / 14.20 143% 2000 g 14.30 UTILITIES
Tram
18.10
Star Ferry.. 112 110 100 100
113
C. Light (0) 0.76 0.30 290-
0 до
2500
BAKI
500
*
1000 2
G 514 vi C. Light (N) . Electric... 23.10
2009 23.13 Elco. Bou)114 17% 2000 ♫ 17% Telephone INDUSTRIALS
NOTICE TO PASSENGERS
BAGGAGE:
SPECIAL NOTE:
20.13 EMBARKATION:
Balt
Ropa. STONES, ETC."
Dairy
2516
Watson XD
Crawford COTTONS MISCELLANEOUS
Yangtze
300 17.8U) $100 Er 17
2013 100
2000 28 $51% 1000
414
234
The agency issued certificates with the period January-June, phenomenal. In 100 Germany's nt necessity which provide for 1850. Imports of the independent trade with Latin America was
valued at $27.1 million; in Federal tax benefits-la ald the members of the Commonwealth Orst half of 1950 It was "we Cement 17.40 1734 2000 17.Tu
Including Southern Rhodesia, Increused
1,182 millionlon, and in the second it was!
firat million. In the whilst im= (about 47 per cents,
it had increased to of last year, trust of parts of the Colonies, territories, &c. increased by $181.6 million. Her exports were £288 million (about 59 per cent). diversified, including motuly and Increases in imports into the their manufactures, machinery..
ent,chemicals, tex
vehicles, all textiles, United Kingdom (45 per cent,,
her ́access Ceylon (37 per cent), Australia combining to give (38 per cent), Southern Rhodesia markets which will give repoût when the (44 per cent) and New Zealand orders at a timo
countries (10
werd below the U.9.A. and European per cent) New York, Feb. 20.
percentage average
have emerged from the increasing stages to the fun pro registered shown by
Independent The outstanding Induction stages of the wasteful moderate gains on trade buying membe and short covering. Gains ex-crease In Imports into Colonial rearmaments.
territories was that of Malaya, tonded to more than $1.50
Record Gains
Cotton futures
the
123
ro-
rc-
מאהב
3:15 3.20 800 2 320
CTE VAL
2503
1000
1500
SATURDAY the 23rd February at 12.00 Noon for the UNITED KING- DOM vin Straita, Colombo, Bombny, Aden and Port Said.
P
ALL passengers baggage. must be sent to the Hongkong & Kowloon Wharf Co's Godown at No. 2 GATE, CANTON ROAD ENTRANCE BY NOON on FRIDAY,
22nd the February, 1952.
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.
Will take place on SATURDAY the 23rd February between 9.80 a.m. and 11.00 a.m.
DECLINE IN
The Rubber WALL ST.
Markets
March
*
BILATERAL PACTS Driven, after the war, into a hale before the market reacted where an increase
per and cent (£160 million) was record-position of economic isolation, partially on profit-taking
to resort to hedging Covering in nearbyed. In the case
of all other Germany had
Singapore, Feb. 20. and
par bilateral agreements for her switching from Colonial territories the March
Prices of individual
rubber. futures with the Marel to later months
Was
centage increase in importa was
The success of these closed today as follows: dominant as traders anticipated less than the average.
the period Number 1 rubber, per lb, first notice day for March con-
April Whilst the increase in the value Janitary-October, 1951 and 1930, tracts next Monday,
of imports was due, in part, tots shown in German marks.
1030 Number a rubber, 1951 The Census Bureau reported higher price, there wore also in
Barch...... (in miillon of markets) Number 3 rubber. cotton consumption for January creases in the volume of Importa
201
73 aix Argentina running bales tatulled 922,659
compared with the first
360 ... 105 baled which was about 47,500
73 better than trade expretations months of 1980
w.ot Stocks of raw cotton
March May
July
40.07
3937-01
$8.00
36.64-
34.50
·
Brazil
Chile
100
·116
.20
May
BETCH Number 4 rubber,·
Marcis
New York, Feb. 20:
A selling wave hit the stock market today for the second straight session.
Selling Flurry In Chicago
Chicago, Feb. 20.
American Telephone nounced a new financing plan at
A selling flurry in the last 15 about the same time the decline minutes knocked over a grain started and lost more than 2
market which had been pretty points at the worst part of the steady for most of the session
17-117-15
21334-E14-15
alp
1111-112-15
................................... 18745-10-15 Boot rubber, unbøled - 117-12704 March crape. *** 81.03
No. 1 pale crepe ... 137-144
United Press.
LONDON MARKET
.
London, Feb. 20. Prices of tubber futures closed today as follows Number 1 rubber, in cente, Plan
Der
3412-41 3312-34-12 336
Putinited.
On balance, the increase in the Colombia Feb. 2. were 501,005. bales un value of Commonwealth imports Cuba der stocks on the same date a in the first half of 1851 exceeded Mexico year
ago. Futures closed 40 the Increase in the value of ex-Feru..
trade Uruguay cents to $1.55 higher than the ports, and the adverse
balance (measuring Imports o.i.f, SHIPPING PROBLEM previous close.
THIS Ta transport and exports 1.0.b.) went up
trade, from £217 million in the period Germany needs shipping under
Арн January-June, 1950, to £378 her own finger***
BLY million in the
Since the war Germany has June corresponding
foreign | April/June 36.10 nominst period. in 1991. An increase of pald, colossal abins in
$530 million in the adverse currencies to foreign shipowners, July/September
October/December. Salance of the United Kingdon SH H by purchañer, „ant- and the emergence of an adverse compruetan, rated her merchant million in the feet to ever one million tena Balance of
of £114
budding toangn Exchange Rates case of Canada were the main on the factors contributing to the in feybriably, chieny for her,
October December March May
Associated Pres NEW ORLEANS MARRET
New Orleans, Feb. 20. Cotton futures, closed, 45 cents
quotations were
·
this scrise....aho. is nations which
'10" 21.30. n kale higher, Closing of the Adverso trade any those Hcided to po morning at the following rate:
March May July
Decemidor, yarm
Spot cotton closes higher..
Midaling
sociate).Presi
40,077
39.50-53
halance 91%
of the Commonwealth,
adverse Balances
A hosted andiSouth
35.87-04 of South
Rhodesia word siso higher,
musiness was done in the local unofficial exchange. market TESO, HAVE sexhduitlas and less on 117.Bredollar (par 31 "foresity: khĺpowtūra: for the Starting note (për EU
transport of their imports and Indonesid fullders (per 100)
Hamitical (ber 100):· and exports and to conserve. by shioa Singapore (Straits)
Towing the"|| VIC" "plastres (per 100) Pakistan, and «artialler : increases i under, their
1.24 a bald | Increases in the Ph fapor
balances at Australia
Just before the close scatter-on the Board of Trade.
The selling hit soybeans hard- ed buying helped, to stem the cat, the March contract tumbling
few plus drop and brought a
more than three cents. tigns to the list.
Losses
Loses were from 1 to beyond in other pits were not large. The selling movement, however, 3 points in active areas of the maricet. Gains were scattered was a quick reversal of price trends. Immediately prior to it, small And
wheat had forged up nearly a expanded rapidly as
cent. total came prices fell, and the to an estimated 1,800,000 shares, Wheat the heaviest of the past three March weeks,
258.40. September
September.. November
2.0014-2 2,00 -80%
2.774-4 2,724
2.8534
Tow, Jenes averages: Industrials Ralls Utilities
03,00 40.12.
-----Associated Press:
May July
December
Soybeans March May July
$3.55%-34
253
2.40%
2,474
2.51
JAPANESE BONDS
London Teb..
March..
March
7036
May
1.08
Consols
alted Pres
tod" Probs