MESSAGERIES Y MARITIMES
M
"JEAN DUPUIS”
"LA MARSEILLAISE"
"MAPLE HILL”
+"ZELIDJA"
"LA MARSEILLAISE" "BEAUVAIS"
† freight
Artiving Leaving
Mar. 25 Mar 27 .Mar. 31 Apr,
Apr.
↑
M
Outward For
Haiphong & Halgon
1. Yokohama & Kobe
Homeward For
5 N. Africa & Europe
Aut 4 Apr.
Apr
It Apr. 12 Marsellies via Manlia'
Jay 1 May 2 N. Africa & Europe
Genoa,
for Saigon, Alexandria, Tunis, Marseilles, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.
Subject To Change Without Nollee.
CIE DES MESSAGERIES MARITIMES
P.O. Box 53, Hongkong.
Queen's Building (gr. floor) Tel. 26651 (3 lines).
THE CHINA MAIL. FRIDAY, MARCH 21, 1952.
India's Trade With Germany
New Delhi, Mar. 20. The Indian Government today announced that the trade agreement between West Germany and India. which expired on Oct. 31. 1951, has been renewed for a year.
An agreement to that effect was signed In Donn 011 Mar. 10. Franice- Presse.
Foreign Exchanges In NY
Canada
Erviland
New York, Mar. 20.
US11,60-0/18
2.00-3/16
Restrictive Practices Seriously Affecting
UK's Dock Industry
Port
Survey
Revelations
London. Restrictive practices are crippling Britain's dock industry, accord- ing to a report, just published, on a four-month survey of the ports.
The report claims that thousands of man-hours are being lost each week and that the cost to the nation totals teus of millions of pounds a year.
HONGKONG
SHARE MARKET
(From Our Correspondent)
Business done on the Stock Exchange this morning amount- 1 to $302,203.50. Noon quota- tions and the morning's trans- actions:-
Gittetal
2.3101P
unofficial
2.25bid/2.30
Mi
-day fulti
2.00
90-day futures
3.70
Australia
2.245
New Zealand
2.00
South Africa
Nelgium
.01051
Denmark
1455
France
20-0 10
West Germany
4.20
Holland
.2838
1405
0370
Spain
0205
Sweden
4333
Switzerland
298
Middle East
Egypt.
2.8812
.03725
Trun
Inq
2.81
Turkey
5375
Latin America
BK Bank XD
Argentina
,0725
* A...
1450 30 + 14457 I tu
int
$500
INSURANCES
Bolivia
Apr. Apr. 16 May
2*
Chile
0115
dabis
4 025
2
Culia Mexico Perti
1rugnny
Venezuela
Far East
.2160
India
Pakistan
2000
Mar. 25 Mar.
1750
2015
30
.3298
Singapore
ilk and XD
Apr. 17
Japan
0 yen to
US$1
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & THILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA
NEXT SAILINGS
"PETER MAERSK"
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M.S. "SALLY MAERSK"
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*M.S.
1
Calling Vancouver.
ARRIVALS FROM U.S.A.
M.S. "SALLY MAERSK"
M.S.
"OLUF MAERSK”
M.S.
"LEXA MAERSK"
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN
Pedder Building,
CO.
Tel: Nos, 86066-9.
American Imports
Of Raw Wool Showing Decrease
Washington, Mar. 20.
United States imparts of unmanufactured wool in the calendar year 1951 reached the extraordinary valuation of $767,568,501, it was reported today, chiefly due to the boom that followed the outbreak of the Korean war.
The prosperity was short-lived, however, as world prices of wool steadily declined after the peak in March, 1951.
Imports in the second quarter refleeted the earlier high prices, but imports in the third ana fourth quarters were on a dawn- ward trend, Importe
$260,078,738; third quarter $103,- 488,712, and fourth quarter $108,- 095,020.
The decline in the second half of the year was due in part to and that. Argentina unmanufactured the fact woof from all countries, accord-U: uguay held cum of the wool ing to statistips obtained by the rather than will is at the prices the Uni Status the Bureau offered in United Pc from
of Census, were-first quarter maritet. $204,807,925; second quarter
Imports during 1951 Included:- Iron, New Zealand $51,462,962, South Africa $80,971,583, Asiatis countries $76,333,621 and Euro- pean countries 81,732,031, SLOWER SALES The actual weight of wool the United States from the Southern Hemisphere countries declined by 115,000,- 400 pounds or 28 per cent, ac- cording to the Department of Agriculture.
Textile Merchants' shipped to Big Losses
Penang, Mar. 20.
Hoogkong Indonesia
-United Press.
Weekly Bank Statements
London, Mar. 20. The Bank of England state- week ending for the ment March 20 reads as follows:- Koles in circulation. £1.30 558,000
Public deposits
Private deposits
Government securities
Other securities
Receipis
Bank rallo
300 5/2,000
BANKS
Union...
730 740
It is published by Aims of Industry, Ltd., an indus- trial public relations ass0- ciation which spreads en- lightenment on private › profit.
Alms of Industry alleges that Ludon dockers. as a bogy pre wasting at least an hour and # quarter of their working time each day.
The loss in wages, £1,000,000 a year, is only a small part of the cost.
MILLIONS LOST
turn-round nust
Sterling Exchange Rate
JAPANESE VIEW
Tokyo, Mar. 20. The Finance Minister, The slow cost many millions of pounds. Hayato Ikeda, said that it is Japan to SHADES BUYERS SELLERS SALES) and form an impurtant factor in dangerous for
The present high cost of living adopt the prevailing Sterling
restrictive! One of the worst practices in the Port of London exchange rate in settling the refusal of trade accounts, with the is said to be dockers to start work until the Sterling Area.
In reply to a question in' the Kang, anything from nine to 16
Upper House Budget Committee, nen, is fully made up.
This costs hundreds of man-Mr Heda said the adoption of
the hours each week.
Sterling CX- prevailing Another time-waster is the change rate is hardly practic
its takling of half an hour or more able unless Japan gives up
break. for tea
morning and present trade relations with the aftermoun. instead of
Kingdom the 15 United
and Joins hands exclusively with minutes allowed.
the Dollar Bloc. Such a
switch-over would
SHIPPING
As Na....
DOCKS, ETC.
1. Wharf
W. P, Whart
Dack
1.70 1.78
69
ปี
2004 12
Provident XD 11.60 17-15
Wheelock
LAND. ETC.
433
HK Hotel XD 7.50
Khat Land
* 44000 4 45 162920 125
DAY'S WORK
At Cardiff restrictive practievs | raise the busie question of what Humpa 2002 are not as serious us in other to do with the Japa-US pay-
H UTILITIES
tiam AD 15.10 15,30
101 241
Var Feny XD
101 C. Light (0) 8.30 8.23
R
ports.
ment
"ngreengent "us" "a" whole," he explained,
The Finance Minister warnert that if Japan proposed to deal at the prevailing Sterling ex- change
Even so, where before the war four gangs would handle about 1,000 tons of cargo a day, the 500 $1,30 1000 18.30, present average is 650 tons.
at Goole, Bristol, Conditions C. Light (N) 5, 5.60 Electric X 20,10 20 20 400 20.20 and Avonmouth were found to Japan-United Kingdom adjust-
1000 20.10
be satisfactory. 1018.25 on 6 14
conference, the Telephon INDUSTRIALS
Discussing the remedy, thewould no doubt collapse.
ment
rute in
the
current
talks
Cement XD 13.40 14 1000 13
500 1346 report states: "Discipline as It Mr Ikeda welcomed the new
exists in other Industries 18Practically unknown.
"The employer has no power of dismissal
Rupe XD... 273 STORES, FTC.
1832 14 500 a DAY
23 100 Wation XD 212 Waton (194
1000 32 Le Crawford 31.75 COTTONS
11,753,000
333.130,000 41,215,000 20.330.000 5.3
Ewe
MISCELLANEOUS
2
4.85
United Press,
BANK OF FRANCE
Parls, Mar 20,
The Bank France statement
for the week ending March 20
reads as follows:-
Total gold holdings Fre. 101,440,670,120 Total of other cur
rencicH
Sight balances
abroad Advance to curren- Stabilisation
fund
Bills discounted in France And abroad
Notes in circulation Current accounta and deposits ...
3,853,403,722
15,108.2 0.533
4,300,000,000
834,802.444.143 3.670.331,073,035
109,802,360.040 -Ualled Presi,
London Stock Exchange
cven
in
London, Mar. 20.
of a Shell's announcement one-for-four share bonus gave the London Stock Exchange a oil welcome jab *today and shares in particular.
A generally fumer tone was noted
the opening 14
inter though profit-taking
made the day
values slump somewhat.
British Government bonds were steady. Among foreign bonda, Japanese issues, recover.
after a slow start. Jupanese bonds
Tas Office of Foreign Agriculed and tural
that the Relations saiti Heavy losses had been
by were being taken mer wool movement from the ve
ww chants in the textiles trade, principal Southern Hemisphere said Mr A. Cromarty in recountries to the entire world in viewing the January, 1951, the 1951-32 scason through De- trade in his capacity as Chair-cember 1951 was about one-nith man of the Penang Chamber less than in the same period the of Commerce at its annual previous season. general meeting
The reduction 'aflected slower Mr Cromarty
suld
貞
grossly over-stocked
with combined
д that sales of
of the current clip in all
"A" (43. of 1099) ....
"B" (4s. of 1010)
71 00
"C" (55. of 3007)
11434 70% “E” (51⁄2s, of 1934).. 120 Consols 58-Associated P. CFS and United Press,
"D" (5s. of 1034)
position, countries, particularly Argentina Pepper Market
worldwide and Uruguay. drop in repincement prices, had The official analysis said: "Ex-"
led
to
to ports from a widespread effort
Australie
for the
clear stocks by drastic price-parlod were down about 22 per cent, reflecting slower sales and cutting.
He also blamed the present reduced consumption of about atagnant position of the entrepot the same magnitude. trade which, he wald, measure to position.
had
STAGNATION
quiet
Now York, Mar. 20. New York and Bombay cables strengthened the local pepper market although trading was
upper
was quoted at Spot and, while afloate ranged from $1.35 to $1.30 - tho over-plocked 15 in New Zealand, for the pur
posa of disposing of the 1950-51 Mr Cromarty, belleved that clip not sold due to
the dosic March shipment at $1,12,April the limitation on the export of textiles to this country imposed writers' strike, caused exports $1.07 to $1.08 and May $1.05
also contributed in no small "Spestal sales beginning Aug. $1.36 a
by
the
Government of India,
Japanese Trade With
Australia
Canberra, Mar. 20.
Only a small portion of the total Australian imports from Japan are likely to be affected by the new Australian restric- tions on dollar imports which the Government will announce i shortly.
Experts here estimated that about 10 per cent of these im- ports would be affected, the
remainder
Sterling.
the
IN THEORY ONLY "The only action he can take is to report bad workers to the kwal lock labour board.
"The result is that often bu workers go unpunished.
"The dock industry is the only industry in the country controlled jointly by trade unionists and employers.
"In theory, this is a nice idea. Unfortunately, experience in the slocks during the past six years has shown that it just does not work."
The Rubber
Markets
Singapore, Mar. 20. Prices of rubber futures closed today as follows:- Sonbet rubber, ner ib. pald
May
being
in
April
11314-114 13
No.
The latter were heavily curier rubber, April 111-11292 tailed on March 3 by a general Number 3 rubber, April
115-116 rubber, unbaled cat in Sterling imports decided sumber rubber. April 106-108
Blanket crepe..
70 - na by the Government.
pale crepe ...... 132 -137 United Press.
NEW YORK MARKET
New York, Mar. 20. Prices of rubber futures clos- The dollar defeit of the Australian wade balance for et today as follows:-
September this year is officially estimated October A £50,000,000.- France-
At present Australia imports from Japan mostly Colton, textile goods and some metals
ri
November December January (1953)
February
Prosse,
March Aprti
LONDON TIN ***MARKET
May
London, Mar. 20. Prices of tin were barely steady. Prices closed at the end of the official morning session as follows-
Spol tin, buyers. Spot til,
LILTN"
there done at Threo-mantha, tin, buyera... Three-monit tip, sellers
Jusiness done al Settlement
קתוןJ
LONDON.
35.38
| British economie policy ne ex- pounded by the Chancellor of
Mr Richard the
Exchequer, Butler, an added that just how such a policy will induence p increase of Pounds Sterling in Japan's hands is yet to be seen.
Mr Ikeda said that Japan and the United Kingdom will try to do something about Japan's Pound diflculty in full en- operation at the current con- ference-France-Presse.
30
Quirino's Suggestion On Loans
Manila, Mar. 20. Steps to enable the Philippines contract more International loans and adjust her beard retire- ment plans were urged today on Congress by President Quirino,
President Quirino recommen:-
of
A
that the National Power Corporation be authorise: to raytract loans up to $50,000,000 Reconstruction and Finance. He from the International Bank of
also asked the enactment law transferring bond retirement funds to local governments and the the investment through Central Bank.
pointed out that
The President
the present imit of the borrowing
ing capacity of the Na- 34.60 nominal tional Power Corporation was 2390 mins not enough to meet the indus- 33.20 blu
12.00 atininal trial development needs of the 12.00 nominal country, adding that the cor-
3200 nomlani
31.40 nominal puration should be authorised to 31.02 nominal contruct loans from other inter- 90,65 nominal | national agencies, like the United
Sintes Export-Import Bank- France-Presse.
United PreNK.
MARKET
London: Mar. 20. The rubber futures market was firm
. Prices easter, follows:-" Number 1 rubber.
all day but
elesed
closed
#15
073 £70
074
975-970
In pence per . Apill May Jude April June July/Supteinber October/Decetilet
341a
United Press.
pound. Loent rencilers indicated Exchange Rates
---United Prev1.
Trade Treaty Extended
Tokyo,.Mar, 20.
Ministry, ail-'| The Furoliti nounced today un exchange of 100 felters with Uruguay which extended the cust trade
4
ximately
par
to increase appro pound, all on An. ox-dock basis.
cent for the United Press.
current However, the
3
·OF CHEMICALS
Business was done in the local this Unofficial
market exchange morning at the following, rates:-mai
S, dollar per si
18.00 Storting nota (per £1) Indonasia gulkters (nor 100) Singapore Straits) PIC plastres (per, 100)
together with the position of porod. Howey bout the sams RUSSIAN OUTPUT Beats (30) quotas on textiles from Japan, clip
go a long way towards rate as in Australls. should stabilising the market during
the
"Sales and exports from the Union of South Africa, are pro- current year.
Ductuating gressing fairly well, Touching on the
Mr tin and rubber, of
"Exports, from both Argentina wide and Uruguay, aro down over 88 that a Cromartyrald variation in price aroso mainty per cent from last year, reflecting from the sensitive reaction of the stagnation in those wool the market to world news and markets as a result of the des
New York, Mar. 20. Russia now ranks second only to the US. In the production of chemicals, the dustrint pub- Heatlon: Chemical Week report-
/ød.
30.00 :1,003 15.10
Textile Market
New York, Beat, 30,
nayments
the
twreement between
months
countrion until "Hi after
the Japanese peace trenty comes into effect.
A Form Ministry SPOKEST mon
said, that Japanese
5 Agency hnd exchanger The collon textile murket svar lotters with the Forda Minig in Montevicco,
Active Trade
In Cotton
New York, Mar, 20. Cotton fitures moted over
wide range in fairly qoliye diente. Ing.
Profit-taking and hedging brought early declines but
ROYAL INTEROCEAN
"TIIKAMPEK": 1
"STRAAT
MAKASSAR” "TIWANGI"
"VAN AKUTSZ"
SAILING H
Τα
Dijakarta, Tirso,
Blakusta,
nurahaia Macassar
Singapore & East Africa
Manga, Singapore, &
Keimarane
8. Aftica
Mar. 24th
4
HALERIIa Ai NtuguesaF........
Apr. Ind
Jupan
Apr.
Zod
alsgapore,
„Semarang,
Npr.
.SIM
"TASMAN"
Apr.
お好み
Japiu
PRTRAAT HOENBA“ Ajr.,
81:
"THIBODAN"
Apr. 13th
"TJILUWAHP"
"TEGELBENG" "TAMAN! "TJIWANGI".
***TJIFONPOK”.
Apr 2312 Apr. 28th
May
2nd
May
"STRAAT
MAKASSAIL" JILUWAH"
THIKAMPEK"
Ape. Th
May Dih
May 4th
May 27th
June
Sud.
JHA 2nd
BEN
"KEYS"
TJIWANGI
"TZOELBERG”.
"TJIBODAS”
~TIILUWAH"
"TJIWANGI"
**THPANAS”
"HUYA"
June 1344
Jime 16th
2nd July
amy_
11
Juty
เ
"STRAAT
MAKASSAIL" **THWANG1"
Jakarta, **Tjirebon, Semarang.
Korabula di placassae
Singaporo,
Djakarta,
surabala Macauant
Jatau
Hemarang,
Singapore. Petang 4 Helawan Doll
SAIKATA
jjakaisa,
durabula & Macasing Bjakarta, Firebon.
Surabala & MacanuzT
NIMAFADE,
Hetusrang,
Manila, spore, Staursilu», 8, Africa
4. America
Singapore, Jakarta, Semarang,
nuzabala & Macatuar
15inkart
Fileban. Semarang. Nurabala & Macassar,
Japan
Singapore, bijakarta, Nemarang,
Nurabala tuensiar Manila, Singapore, Mauritius,
. Aftica & 8. Ameriru
jakarta. TJirebon, Semarang.
Surabal & Murawar Singapore, DJakarta, Semarang,
Semarang,
surabala camar
Singapore.
Jakarta,
Surabala & Marnyar
Manila, Singapore, Penang.
EN Africa
&
Munita, Singapore, Atuurli». 8. Aféla
&. America
ARRIVALS.
3er, 201
**TASMAN"
TJHUWAH"
Mar. 29th
Apr. 1th 13th Apr.
B. America,
From
Semarang,
E.
S. Afrien, Starius, lugapore & Manila,
surabala, Maraamat.
njakārta & Kingapore Penang, Belawan Dell,
jakacia & Kingapore
surabala.
Maniaz,
Bakaria & Singapore
General Agents,
HOLLAND EAST ASIA LINE
SAILINGS TO EUROPE
1311TAR
Palembang,
Semarang.
"AENDEKERK"
Apr.
*KIELDRECHT""
May
"AAGTEKERK"
Juza
Gth 7th 7
July. 7th
SAILING FROM EUROPE
*Sails Rotterdam
"KIELDIECUT"
Bed Mar.
JEN
"AAGTEKERK”- "DLITAR"
Apr. Jth
Muy
2nd
7th
May
28th
July
Jane
2nd.
Aug. 71Hi
HOOGKERK"
"ARENDEKERK"
Arriver Hongkong
Apr. 1014: MAY 10th
June
PATTISON ORIENT LINE
LIMITED
"LAURE PATTISON”
5.5.
Due From:
Japan.
Mar. 27th.
12-14 Queen's Road, Central,
Sails For:
DIRECT Pusan & Japan, Mar. 31st.
Tel. 25346.
CHINESE AGENTS:
OVERSEA CHINESE STEAMSHIP CO., LTD.
18, Bonham Strand, West, Tels. 26127, 31118 & 81119. ·
BENALI
LINE
FAST SERVICE TO UNITED KINGDOM 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. LOXLE & CO., (CHINA) LTD,
York Building.
Tel: 94105 & 38710.
around mid-day. the mare ESSENTIAL SUPPLY CERTIFICATE
whirled
tride buying on flurry of
and short covering which found offerings Umited.
Gain's extended to better thon
·bale, before the market
somewhat on
$1
October
March a
May
profite
·40,54+10; 37,43-49;
171011.
37.00.
30.75. P30.40,000
toplotni Press:
DECLARATIONS
Forms 3, 4 & 5, as amended
by the.
Government of Hong Kong
NOW ON SALE
at.
New York, Mar, 20 SOUTH CHINA MORNING POST LTD., Copia wna quoted todayent $125 per
chort, ton, nominak.
rumours and in particular ta|pressed, conditions in the world Russia probably.. produces slow, Reites. Waro subpurk." Whet for of Uruguay-Wided to nega: Cocoanut all was quoted at
the uncertainty, engendered by wool markets and the tendency the United States Government. of growers to withhold for higher
pricos."United Press, Iteutor.
Both countries
more than 14 per cent of the changed. The wool goods scare world' toind output, it sald ket was slow. Rayon boods late a new trade agreement as 85 cents a poundUnited
Press ently na padite Reuter. Werò quiet,--Associated Press. Associated Press -
Hong Kong & Kowloon, These amended forms are now in force.