THE CHINA MAIL, THURSDAY, MARCH 20, 1952.
MESSÄGERIES M
MARITIMES CUTS
M
· "JEAN DUPUIS”
Arriving Leaving
"LA. MARSEILLAISE"
MAT. 21 Mar. 20
ARE f Mar. 31
"MAPLE HILL"
Apr.
"ZELIDJA"
"LA MARSEILLAISE”
{"BEAUVAIS"
.-
Outward Vor
Grigati Haiphong & Yokohama 4 Kobe
$
itomeward For
Apr 3 Apr.
N. Africa Europe
Apr. Apr. 11
12 Marellies via Manila May 1 May 2 N. Africa & Coope
More Meat For Britain
meat
Buenos Aires, Maz. 18, An Increase shipments to Beltain will bring them wohl 15,000 tons of
200,000-ton the fatal by April 21,
23, under
the
present agreeinent, trade quarters said today.
It had earlier been pre- that shipments would fall short of this target by 50,000 tonn.
dicted Genoa,
† freight for Saigon, Alexandria, Tunis,
Marseilles, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.
Subject To Change Without Nottre.
CIE DES MESSAGERIES MARITIMES P.O. Box 63, 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. "PETER MAERSK"
M.S. "NICOLINE MAERSK"
M.S. SALLY MAERSK"
Calling Vancouver.
M.S.
"SALLY MAERSK”
M.S.
ARRIVALS FROM U.S.A.
M.S.-"OLUF-MAERSK"
"LEXA MAERSK"
Apr,
2.
Apr.
Muy
16 2
Mar. 25
Mar. 30
For Freight and Further Particulars please apply
AGENTS:
JERSEN
Pedder Building.
&
on
British ani Argentine Alicials
met earlier this month for preliminary die- cussions
negotiations for a new meat agreement, Argentina Is. asking for 5700 ton for, meats about double the present price. Reuter.
JAPANESE
PROPOSAL TO INDIA
New Delhi, Mar. 10. A Japanese industrial mission to India has proposed that Japan should buy a million tons of iron Gre annually from Indlin and a large quanlity of cutting coal in retmen for Japanese technical services.
The leader of the mission, Mr Taizo Ishizaka, zaid today that the reaction of the Indian Gav- enment seemed quite favour- able 10 The proposals, under which Japan would send a team of technicians and skilled work-
ers,
These would help develop
Mr Ishizaka sald that the
IN EMPIRE TRADE Widespread Criticism By MPs
Reconvening
Of Economic
Conference Suggested
(FROM OUR OWN CORRESPONDENT)
London, Mar. 19.
A number of Labour Member: have put down a motion calling on the Government to reconvene the Commonwealth Finance Conference.
This follows the recent Opposition criticism of the drastic cut in imports imposed by the Australian Government.
Mr Will Nally, MP., secretary of the Parlia- mentary Labour Commonwealth group, told me today that the motion which stands in his name has wide support among Labour MPs.
Page
ROYAL INTEROCEAN LINES
SAILINGS
To
MAATEUERE,
8. Atrion & 8. Amertes
ттифом,
Buradala 4: MacassAE
"HOISKEVAIN"
#TIKAMPEK"
"STRAAT
MAKANBAR "THWANGI"
“TJIPONDOK"
"STRAAT
MAKABBAR" **TJILUWAR"
STIKAMPEK"
דון . *
וכן
Bjakarta,
Djakaren,
Semarang.
Bemarang.
Semarang,
Burebala & Macanine
Singapore & Kau Akra
Japan
Stänila,, Slugapore, & A. Africa
JUKATA, Tjirchor,
Bursala 4. Maramat
1)Jakarta.
7
Ningapore, Penang & Belawan Dan
|Buribiladi” Blackstar 17Jakarta, ép reton. Hemarang,
Kursbala & Macassar
Manila, Singapore, Mgaritine, 5. Africa
8. America
Singapore.
Djakarta,
"Kürengja A Macassar
Hemarang.
jakarta, the hon. Semarang.
Kurabala & Markinary
Singapore. Djakarta. Semarang,
Миравди 4 Масазват
Manila,
Küngapore, Mauritius,
5. Aftles & B. America
Tjirebon,
Sematkan,
Djakarta, Rendaring.
Remstang,
Sumbata Macassar
"Surabāta (46) Macassar singapore. Ojakurta,
– Surabela, &- Stacassar afanita, Singapore, Africk
Penso
Mar. 20th
Mar. 201
Djak
Apr. Inst
Japan
20
NIRZANOATE,
MVAN HEUTEZ"
Apr.
30ta
*TASMAN"
Apr. KIL
*STRAAŤ SOENDA” ADE.
KI
"TJIBODARYT
Apr.
1.40
***THLUWAH"
Apr.
Singapore,
burabain de Machandr
STEGELDERO"
Apr. 25th
Japan
"TASMAN"
Apr.
28111
"NIWANGI"
May
201
Singapure,
May
Blav Bth
May 14th
May 27th
**KUYS" ONTJIWANGI"
June
tod 2nd
Japan
"TEGELDERG”
"TJIBODAS"
→THLUWAR"
"THWANGI" OTHPANANG
June
June 13th
Fijakarta,
June
July
July
160
Fate
ach
ARRIVALS
Mar. 20th
MAKASSAR" "TJIWANGI"
"TASMAN"
Stur. 29th
Apr.
7th
Pening
the Stock "TULUWAR"
Apr.
13th
Maraviar. Nurabala,
Djakarta & Singapor
to $233.384. Noon quota-
General Agents,
I
HOLLAND EAST ASIA LINE
HK Bank XD Ear Asia ... 240
1470
SAILINGS TO EUROPE
the
INSURANCES
"ARENDSKERK"
Apr.
eth
Canton Union
253
KIELDRECHT""
May
750
10
7:10 "AAGTEKERK" **BLITAR"
June
Ith 7th
July
SHIPPING
1.79 1.75
SAILING FROM EUROPE
Jali Rotterdam
Arrives Fongkon
80 200
"KIELDRECHT"
Nailed Bar,
5th
Apr. 10th
"AAGTEKERK"
Apr.
5th
May
10th
May
204
June
ค
May
24th
July
June
md.
Aug.
while it would not be grucikal
to policy
reconvene the Conference, Commonwealth
should be some positive netion
the provent
more taken to
its dirastic in"
of consequences to decisions.
It describes the recent action taken by the Commonwealth Kovernments as a result of the decisions of the January finance talks as "mutually destructive policies of trade discrimin and asks the Government.
ull Conuhou- reconvene the full wealth Economic Conference to reconsider its earlier decisions,
effects of Concern about the
within impert cuts
shared Commcwealth is
sicles of the House of both
Several Conserva- Commons. tive MPs are of the opinion that
the
Dry-Cargo Charter
HONGKONG SHARE MARKET
(From Our Correspondent) Headed by Mr Christopher
Business done on Hollis, MP, they have put down Exchange this morning amount-
al!
an amendment to the Socialists' ed which excludes mattan careference to import restrictions tions and the morning's trans-
and implied, criticisms of the actions- Commonwealth governments) and calls on the Government to e every influence to proinote cy free ch Exchange of goodi between all nations Cammeow2a:ir as possible."
Rates Down
-India's iron-and-steel industry.. Apr. 17
New York, Mar. 19. For iba third consteutier ore from Initia was lack of month, charter rates for dry- to:-main dificulty in obtaining iron
transport facilities, and ship-cargo ships plying the world's ments to Japan would be con- major trade routes declined in siderably eased it better rail February, shipping circies sairl, ast port facilities could be developed at Calcutta,
COD.
Tel: Nos, 36066-9.
American Action
Arouses The Rubber Industry
Singapore, Mar. 19.
associations, The entire rubber trade circles - societies, big holders, small holders, dealers, planters and tappers are up in arms against the "series of measures introduced by the Ameri- can Government to strangulate the natural rubber industry."
The
Norwegian
Shipping News was quoted by the New York Journal of Commerce saying that rates for single 155.A (July- trips averaged
1947: 100) in December,
Japan badly needed Iron are. he declared, because her pur- chases from the United States were very costly.
The mission, which arrived
days here eight
on ago month's tour of India, is leaving { points fer Bombay tomorrow
week's visit-Reuter,
:
for
Foreign Exchanges
1
In NY
New York, Mar. 15.
US$ 1.00
Canada England-Metal
unofficial...
30-day futures 90-day futures Austraila
In Singapore, leading rubber traders sent cables to United States trade and industry leaders New Zealand
of United States' urging that reconsideration
rubber policy was now imperative.
warned
They
that any chases only to certain stock further big drop in the price of grades; rubber would greatly dampen the enthusiasm of the rubber
tural planters, who
WE72
2. Refusal to buy more na- for stockpiling rubber the men purposes and freeing the rubber holding the network of defences
only in name. in the fight agains, the Malayan. Communist terrorists.
MENACE
Itelstium
Italy Norway Portugal
2.01
A
2.55 bid/- 2,38 asked
2.00
2.18% 2.245 2,00 2.80-3/16
South Africa
0193
Denmarkt
France
1435 .0028-9/16
West Germany
4.20
Holland
2630
.1405
0320
Spain
.0265
Sweden
0033
Switzerland
2291
Middle East
2.0014
and
Iran Traq Turkey
03125
2.41
5373
Latin America
Argentina
.0725
Lho
Brazil Bolivia Chile Colombia Cuba Mexico Peru Uruguay Venezuela
£600
0118
4005
1.00
1785
.0055
3059
3603
Far East
India
2110
Pakistan
Hongkong
.1750
Indonesia
3015
Singapore
3208
Зарап
360 yen
to 5
-United Press,
Cotton
Price
3. Reduction of the selling Egypt price of synthetic rubber At Kuala Lumpur, capital of
fair quantities export of the Federation of Malaya, the active competition with natural
Lio of Working Committee
rubber and:
BERIOUS Malaya Trade Unton Council
4. Introduction soup the assistance of the
of a pro- in- American Congal there
further the gramme to expand TO his Covernment fluence
of synthetic by an- waive the restrictive measures, production
tons a your 10- which will seriously endanger ather 100,000 the Malayan workers in their gether with restrictions on
living Usage of natural rubber to struggle
minimum agure. standards.
better for
The note says: "The rapidity of the recent fall in prices and the very uncertain outlook for the
future are causing
concern.'
Krave
The rubbar trade here strong by urge in their cobles to New York that the US Government import and should allow free consumption by American Krades It adds "A fair price for rub-manufacturers of all low ber is not merely essential to of rubber, not required by the the welfare of the people in the General Services Administration, The general theme of the country, but also to the success of the anti-Communist cam- argument is that if the price of natural rubber is still forced paign."
At Penang, the Penang Rub-down, it will seriously leopar- ber, Trade Association urged diso the British Government to make struggle for better living sian-
10 the dards. early representations United Statca Government, stressing the need to pince the "Industry on a sounder basis.
GREAT SACRIFICE
the
Malayan people's In New
as
It also urges the Government to build the Sterling Area
a Beure reserves "to such chall make unnecessary the in- troduction of restrictive mea. the ephemeral to meet fluctuations of inter-Commen- wealth trade."
sures
DANGER FORESEEN
Both Mr Nully and Mr" Hollir! told me today that there is no party, difference over the broad issue of Commonwealth rede.
Both sides were agreed that everything should be done to
le as tree an exchange of,
the Common- between wealth countries as the present situation permitted.
SHARES BUYERS BELLERS BALES YANKS
Asia Nov.
DOCKS, ETC
K. Wharf XD
Dock
Provident XD Wheelock
LAND, ETC.
HK
67
ཙཱཔཱཏྟ
588
1632 177.15 100 # 17
4914
el XD 8.10 1.20 1300 10
3000
5000
3500
Land XD Shal Land Humphreys XD
43 400
8.20 43
UTILITIES
Tram XD 15.10-13.30 500 15
Star Ferry XD
C. Light (0) B
Cght (N 5.40
102
Mectric XD 20.10 40 250 m 2020)
...13441
1000 20
1000030 184 2000
18
14,10
16 10
ETC.
The danger
Coracun,
Telephone however, that if the pritles.
certain Cem- | INDUSTRIALS
Cement XD February a decline of 12.1 implemented by
monwealth countries are allow-
1 X for the mouth anded to continue for the next typ
three lowest in a year, Dry-cargo
critical yeas the resultsromS ship time charter rates only 2.2 points to 222.
30
Daily
L. Crawford
Ewo
100
2.20
ensed might be a complet; aktown -Watson XD
of inter-Commonwealth trade.
In Mr Hollis view there me Single trip charter rites were
two reasons why the present COTTONS the down 18.8 per cent from
desisten MISCELLANEOUS 5 5.0 post-war high of 192 establish policles are open to criticism.
The first is that the desisten ed last November, and the time to make cash member country charter index is 11 per cent un-self-sufficient po far as is ever-
reached in November.
nim
TER
der the high of 249.5, also seas payments are concerned
conflicts with the desires Drastic curtailment in coal of developing the Common-
from America to
its T- curgoes
wealth and integrating given as the
chief tonal economies. Europe is reason for the declining rates.
Secondly,
• restric if import -Associated Press.
tions had to be imposed it was a serious mistake to break the existing contracts without first discussing the
with malter members who migh; suffer from such action,
US Exports
Of Grain
Increased
NOT PRACTICAL?
Vangsze
The Rubber Markets
Singapore, Mar. 19. Prices of rubber futures closed today as follows:- Number 1 rubber, per
April
May
Junie
Number 3
rubber. Apr:! Mr Hollis belleyes it is un-Nunber wise to call fer, the reconvening Number rubber. April rubber, April
of the Commonwealth Economic Spot rubber, upbaled Conference.
Blanket repe
In view of the time needed to No. pale crepe Tange fuli Commonwealth conference
it was not practical
11124-112
110-
1-100 107-10710 302-103 1135-134
70-78 132-137
United Press.
NEW YORK MARKET
Prices
September October
New York, Mar, 19.
rubber of
Washington, Mar. 19. The Agriculture Department policy to insist on such a mezing t:day scheduled 1,983,000 long at an early date, he said,
My Nully and By doing so, tons of grain and oilseed for
were ensuring closed today as follows:- and commercial
Government is colleagues expart in April 01,000 tons that nothing would be done.
It would be better;, Mr Hollis November over the preliminary Increase plans, and also increased the added, to set up come form of December
Jonuary (105 to issued previously
export permanent machinery
February Commonwealth March rehedule for May and fixed the ordinate
policy along agreed April preliminary schedule for June. economic
The April fotal included 200,- lines.
Tune 000 ns of grain for export to India, Germany, 345,000 for
-4
AUSTRALIAN DEFICIT
Canberra, Mar. 19.
Com
35,000 for Israel and 100,000 for the
Tho United Kingdom.
The deficit in Australia's averall April total was an In-
tons foreign trade balance Increased crease of 1,382,000 long 3930
over the preliminary programme announced In January.
York
The May export programme
tons
futures
30.23 3450 nomina}
34.00 bld
12.80 nominat
22.20
31.82
31.45
PAS
United Fress,'
LONDON MARKET
London, Mar, 10. of Prices
rubber futures
May
by A246,700,000 during Febru- closed today as follows:- ary, according to official statis- Number 1 rubber, in pence tics published today.
April The total deftelt for the first | May
per In.
October/December
1 for wheat, rye, ccarte grains
and -olisteda increased front sight months of the present, fiscal Jurie 1,145,000 to -1,301,000 tons, The year amounted to A£316,000,- September
.000. total Includes 150,000
IOT Restrictions imposed on. Im- Germany, 200,000 for India,
ports by the Government take effect only at the end of March,
43/19 nomirsi 41.48-41.50
35,000 for Israel and 100,000 for
the United Kingdom.
The preliminary programme for June totalled 1,355,000 long lons and Included 125,000 for Germany, 280,000 for India, 20,000 for Israel and 100,000 for the United Kingdom United
Indirectly, the rubber trade is
New York, Mar. 10. Prices
of cotton futures Press. telling. the American Govern ment int its unreasonable àju- closed today as follows:--- tude on-rubber will, weaken the Spat
May Malayan people's fight against,
July the Communist menace if it
October December March (1083) May July.
"In view of America's arbi- does not result in a general recommend sell-out to Cornmunism in the trary action,
Government, long run-United Fress, that the British
Wo
should stress that dectindifonal
control was enforced in Malaya
with
in n spirit of co-operation with rent the United States and at great "this part of sacrifice of the
the Association states.
country consider the at-
It
40.34-40.07 37.52-37.74 3715-31.10
37.07 37,07 36,00 United Press, NEW ORLEANS MARKET
40.75 41,47 49.28-40.29. 77.58 37.20-3137.“
New Plant For
*Australia
Spot May July
Deloher
Canberra, Mar, 10.
December July (1043)
fitude of the United States Australia's Supply Minister, the most unfriendly and unreason-Mr Beale, sald today that
dis Government will spend a further able and calculated to organice and jeopardise Maisya's £3,200,000 on completing the
aluminium plant at Bell Bay, economic structure."
The grouses of the Malayan They were anxious that the rubber: trade are listed under plant should go into production moon in view of its defence Your heading he
Ps Entertalent, the resiminden ha well de ie im Jection, claire in purchase con-portance in saving dollars tracts and limitation ppus RouterBaye
United Pream.
Seeds And Oils
A
New York Sugar Futures
New York, Mar. 10. World sugar futures closed today 2 higher 1 lower with, sales totalling 255.com:rnels.
Contract No. 6 closed 5 to 8
will
30-31
-United Press.
LONDON TIN MARKET
The statistic indicuted that the total value of woot exports, during the first seven months of showed t the financini year decrease of nearly 50 per cent
London, Mar. 19. compared with the correspond-
The tin market was quiot this. ing period in the previous year,
Australia's Imports for Feb-morning with turnover of anly. 30 tons, all for. forward positions.
there
amounted
morning ression
"STRAAT
"BLITAR"
"HOOGEERK"
ARENDYKERK"
From
Y. & 3
Africa
Semarang,
#. America,
Stauridos, Singapore & Manila.
Marassar, Surabala,
DJskarta & Singapore
Belawan Deil, Palembang,
Semarang.
Djakarta & Singapore
PATTISON ORIENT LINE
LIMITED
5.S. "LAURE PATTISON”
Due From:
Sails For:
Japan,
Mar. 27th.
12-14 Queen's Road, Central.
3.143.2.5
DIRECT Puran &..
Japan; Mar 31st,
CHINESE AGENTS:
Tel. 25346.
OVERSEAS CHINESE STEAMSHIP CO. 48, Bonham Strand, West, 1st Floor Tels. 26127, 31118 & 31119.
BEN LINE
ALD CATS
FAST SERVICE TO UNITED KINGDOMI AND CONTINENT
BY
S.S. "BENAVON"
Loading Hongkong 23rd March
DIRECT FOR SINGAPORE
THENCE
LIVERPOOL, GLASGOW, DUBLIN,
AND HULL.
ALSO ACCEPTS CARGO, FOR PORT SUDAN. -
W.R. LOXLEY & CO., (CHINA) LTD.
York Building.
Tel. 34165 & 88710,
DECLARATIONS -
000 agelos! A £118,000,000 in Prices closed at the end at the ESSENTIAL SUPPLY CERTIFICATE January, but it was stressed that offelel
werg anly 20 days In follows: February. No trend toward. Impot tin, buyers.
ជាម, Spot in, setiers provement of the foreign trade nusines done at
Lin, huvers 070, balance was shown by the statis-Three-months
Three-months tin, sellers $77 fics, business quarters Fald.
6/77-01616 Business rione at France-Presse.
Settlement
United Press;
points higher, with sales totalling JAPANESE BONDS 063 contracts.
May"
Contract No, & two
July September New York, Mar. 13.
November Prises in the roads and alla Spot market clotes today unchanged My with the following exceptionis: Jul Tung oll, in tank cart:0.8. New York, por f. 39144 cents.
United Pa
,428 bid is
London, Mat. 19; Japanese bonds 2
"A": {âre of +1809); M0% fr nominal (49 of 1010)00
1140
Exchange Rates
this
Busintaa Waɔ· dun in the fricat unoffelst exchange market morning at the follow met U, B., dollar (par. angan di bidh #DANCEM, or (1834), 70%. #tering note (pot,
KALE" (8748, of: 1036):12714 Indonesia/guilders in
-6.67-
nited Prem.
satz Slant leats (per 100)
Singaporn. Istralia) -Uned. Preas.#ic plastres ipar-100)
Forms 3. 4. & 5 as amended by the
Government of Hong Kong
·NOW' ON "SALE
SOUTH CHINA MORNING POST LTD.,
Hong Kong & Kowloon, These amended forme are now in fores