ROYAL INTEROCcean Lines
"STILAAT
BAILINGS
SAPARE
To
Hingapore, Dizkaria & Belawan Peli Singapore & East Africa Masilla
Singer. Membara. I.. Marques & 8. Africa
Threbou,
Hurdal & Macassar
Singapore,
Djakarta,
Bermatang,
Bemarana.
Surabala & Alacassar Singapore, Rang Belawan Doll jakarta. Semarang, Klapupore,
surubala & Macasar
Tjirahan.
jakarta,
Surauia & Blaranxar
Semarang,
Manilla, Singapore, Marridus, 8. Africa
9. America
surabala & MACESSA
DCIMATANK.
Sekarang.
Apr. 4th
MAKASSAR"
"EASTWAY
Apr.
7th
"VAN HEUTSZ"
Apr.
"STILAAT BOENDA” Apr,
th
• FAHMAN"
Apr. 1Lt
Japan
"TJIBUDAS"
Ajir. 14th
Djakarta,
"TJLUWAB“.
Αμε.
"TASMAN"
Apr. 30th
TWANG
Jiny
2nd
*THFONDUK"
ม.บ
1141
*STRAAT
May
DU
MAKASSAK"
"TEHELOKRO"
May
13th
Japa
"TJILUWAII" ·
May
16th
Singapore.
Djakarta,
THRAMTEK"
5137
27th-
Djakarta,
Thirebon, Surubala & Macassar.
"RUYS”
"TJIWANU"
May 27th Jone
2nd
Japan Singapore,
"TEGELDERBO
June
Och
"THIBODAS
"THWAIF
"THPANAS"
"THWANGI"
"VAN-HEUTSZ"
TIPANAS“
June 13th
June 16th
June 17th 2nd July July 730 July
5. A & 8. America Jakarta,
Surabala & Macassar Singapuro,
Tjirebon,
Ujakarta,
Jakarta. Bemarang, Nurabain & Macassar Manila,
Mauritius, Singapore,
Semarang,
Semarang,
bitabala & Macusar
Japan
Singapore,
Suratala & Macassar
Japan
Stanila,
"THTONDOK"
Jaly
"NUYS"
"THLUWAH"
July મા
July 16
Djakarta, Semarang,
Singapore, Penang.
C. & S. Africa
Djaluta
izetan, Semara Surabafa & Macassar
&
Manila, Kingapuze, Mauritius, N. Africa
& S. Amerika
Djakarla, Singapore,
Surábala & MacassaT
ARRIVALS
""FASMAN"
"THLUWAR"
"TJIWANGI"
"EASTWAY"
Apr. 10th
Apr, 13th Apr. 283 Apr. 30th
From
Semarang,
Penang. Belawan Dell, Palembang,
Dakarta & Singapūro Macassar, Surabala, Semarang,
jakaria & Singapore Singapore, Djakarta,
Semarang, Suralla & Macassar jajakarta, Belawan Déli & Shigapure
General Agents,
HOLLAND EAST ASIA LINE
SAILINGS TO EUROPE
"ARENDSKERK"
"KIELDRECHT"
"AAGTEKERK"
Apr. May Junio
Fil 7th
"BLITAR"
July
Salled Dar.
···Balls Rotterdam.
Str
Arriven Hongkong
Apr.
Մ
May
2nd
Alay
251b
Apr. 2013 May 1041a.
7th June July JUN
July 2nd
SAILING FROM EUROPE
"KIELDRECUT"
"AAGTEKERK"
"DLITAR"
"ROOOKERK”
"ABENDSKERK"
KING'S
CHINESE AGENT
Highest US
Aug. 7th
TO 28017
Cotton War
Export Since
Forecast For 1952
Memphis, Tenn., Apr. 3. Colton exports of 6,000,000 bales this year were predicted by a Government official who urged farmers to keep turning out big crops so they will not lose customers won during the peak years.
THE CHINA MAIL, FRIDAY, APRIL 4, 1952.
Big Steel Strike Looms
New York, Apr. 3. A nationwide steel strike next week appeared certain tuslay when the 650,000- strong United Steel Work- ers Union rejected the in- distry offer of a 16 cents no hour
our wage increase in- stead of the 171⁄2 cents re- commended by the Federal Waze Siabitisation Beard.
Mr Philip Murray, Pre- sident of the Union and of Industrial the Congress of Organisations, one of big labour America's organisations, has been au
lo thorised by the Union Five hours' notice of a strike Lomorrow. The
threatened Lirite is
for April 8.
Mr Murray sald that he will give notice if no agree. ment is in sight tomorrow. -Reuter,
Jap Move To Settle
Prewar Debts
London, Apr. S. Senior cells of the Japanese Overseas Agency are expected to discuss preluntary details of conference to settle Japan's pre- this week in Washington.
war external debis at meetings
The Japanese Overseas Agency in London isfying Mr Takashi Thara to New York tomorrow for talks with Takeshi Watanabe, of the Japanese Overseas Agency Washington-according to a Th
usually reliable source.
Both are former senior officials of the Japanese Finance Ministry.
Unofficial estimates here
Kest
the outstanding principal of the Japanese Slate and muni- eipat sterling debts is about £1 million. With collar cur- rency options this is calculated to amount to £75 million.
Accued interest
a half years is Pust 10 and stated to be ov: £33 million. with about another £8 million
or dollar currency option.
Over
the
Sterling erealbors are mainly private British citizens but in- lude uutionals of other mem- bur nations of the sterling area. external Japanese Prewar debts to French creditors are triinstare ut 580 million gold fans-Reuter.
New York Cotton
Futures
Mr ED. White, of Washington, an official of the
New York, Apr. 3. Calton futures today proved Mutual Security Agency, fold the Arkansas Agricultural
prices affair with a nervous
any Council here that this year's export of cotton should be
sensitive to extremely the highest since the war and about equal to 1939.'
news. Near the close, a selling wave hit the list, forcing prices White sald Mr
At world [doubtedly meeting the requires The
the close. Gwn sharply, badment; et Czechoslovakia and raisumption
cotton
prices of cotton futures closed Prices jumped 25 per cent in the past Poland, which before the
10 to 33 points lower. gabat B per cent of their 25 years.
clused today as follows:-
42.70 nominal Production of cation in other eaten from the United States.
41.00 countries was increasing, main- United Press. ly in Mexico and Turkey. Both
nations were
imes
Producing
s much
three as they eatan
were in 1947.
war
*
NEW VENTURE
New York.
A hiternational textile ven- Russia and Red China had (ture in which Israeli, Japanese outpul, and United States capital will *both increased cotton
with
Russian production un-combine to establish an eight-
N.Y. Foreign Exchange
New York. Anr 4 Canada (dollari ......17S$1,08-1/16
2.311 England-tillerat
unnitlejal... 2.42 hic/
2.45 asked 2.30** 4.705%
2.201 2012 10a
3-day futurOS 10-day futures
Sout
AM
July
Gethber
December
March (1933)
Dday
.July
40,44-46.07
31.70-37.72
37.35-37.30
37.23 nominal 37.03
30.62 nomtal
NEW ORLEANS MARKET
billion-dollar rayon plant in Israel, Nathuaya,
was uk- Spot nounced here by the Jewish Agency.
May
July
October
Closing rate Apr, 1. 41.80 41.70 40.73-40.74 37.70-37.72 37.31
December
now
March 11933) May
37.22 bid
30.00 bid
36.53 bid United Press.
company, to The
be known as United Rayon Cor- peration Limited, will be ca- iablished on a five-acre tract in Nathanya. The rayon spinning mill will have a daily capacity of tw tons of Alament rayon and yarn, tiva toas of rayon staple, two tons of rayon tyres and 1 tons of cellophane.
Total.anual capazlly is absu: 8:500.000 pounds.
will be danced
The project
0027-0/16 by Ohear Rchern, an:: Company, Lid, private American and
Australo spotindy
New Zealand Doub
South Afriet (pound)
Belgium panel
Denmark daoney
.1453
France, ra
West Gera
Deut bemark
4.50
Holland (guiller)
638
Italy-ill
Norway
reme)
.1405
Portugal feseudo)
.0370
Spain (pesetti)
.0265
Sweden krano)
Switzerland-free
MIDDLE EAST
Egypt (pound)
Iran trial)
5E00*
2.89%
.03123.
Iran (dinar)
201
Turkey (en)
5375
LATIN AMERICA
Argentine-Metal
0735
Braz (eruzeiro) .......
D500
Bolivia (boliviano)
Chile-free
.0110
Columbia (peso)
K1043
Cuba (pero)
1.00
Mexico (peso)
1165
Feru-free
Uruguay (pean)
7724
2003
FAR EAST
Venezuela (bolivar)
India (rupee)
Pakkinn (rupce)
Hongkong Indonesi Singapore Zapati
All ayes ors. They will be
Bank of Japan and the Israel Government.
July
Chicago Grain
Futures
Chicago, Apr. 3. Prices of grain futures closed
aided by loans from the Expor; today as follows:-
Wheat-price per bushel
2.51% nominat 2.1910-24 the Spot
2.414-7 2.43
The announcement
saf
project is still open to American
Inves mens to the extent US$1,000,000.
Neither
Brunei Has Largest Single Oilfield In The British Empire
Seria Oilfield, in the State of Brunei, in British Borneo, is today the Production is over largest single oilfield in the British Commonwealth. 5,000,000 tons a year derived from nearly 200 wells.
In the whole Far Eastern area, it is only the East Indies which produce oil in any quantity. The nearest alternative sources of supply are the USA and the Middle East.
At present USA cannot spare the shipments she used to make to the Far East before the war, while the output of the Middle East is urgently required else. where, chiefly in Western Europe.
50
it is
clear
10
that thehus recovered countries of the Far East, in proximately 50,000 tons unnusliy cluding India and Japan and
from also Australasia, must look to the East Indies for their main supplica of liquid fuels.
apari
Meantime, search for oil on land, which has continued
the apage since reoccupation--inore than 120 new
only up-
the
HONGKONG
SHARE MARKET
The Seria Ollfield was dis-wells have been drilled since search has been covered in 1920 after years of 1945 the actailed geological investigation resumed for all under the bet along!
and inland of the South China Sea, and if the Coast swampy jungle
to planned bordering the successfui South China Sea.
develop such off-shore reserves,
*
(From Our Correspondent)
EX- The Hongkong Stock change was fairly active this morning. Transactions up to noon were valued at $318,760. Noon quotations were: SHARES BUYERS SELLERS SALES
ANKS
The staff of the Oll Company The interior of the island is. densely forested,
part in British Borneo numbers about i in
and is composed mountainous, while nearer the 1,000 roust lie swamps.
Dutch, This was the English,
Australian, type of territory in which olimen Malay, Indian and Chinese. developed
D prod petroleum
The Labour force of abat resources of Seris, They made such progress by the time 5,000 is largely Malay, Chinese. Indian and Dyak. The Indian uf the Japanese invasion in element is adept in drilling and wells had been all-Indian crews are numerous. 1941 that 157 drilled on the land and in the Most of the clerical work is rare- sea, and the production rate wils by Chinese and Indians. touching over 2,000 tons daily.
The field extended for mare. than Ave miles along the beach and to a depth of nearly a mile towards the interior. Off-shore
MODEL TOWNSHIP
UK Bapk
INSURANCES
Conten Unton Underwriters 4:70
As primary consideration was ore at first given to increasing pro-SHIPPING-
duction, living conditions were Asia Nav
primitive.
wells had been drilled from originally Jetties built from the beach and extending up to 800 ft. out to sea, and the technique of slant- Pule-or "directional”-drilling was employed to deviate certain of these wells several hundred feet further seawards.
Never- DOCKS, ETC.
were
XD
730
1,70
1390
10 1300 10 @ 1385
MESSAGERIES
M
"MAPLE HILL"
LAKE MICHIGAN"
"ZELIDJA"
* MARITIMES
Arriving Leaving
Aur. A Apr. 24.
Anc. T
Apr. 7
Apr:
Apr. 1 Apr. 12
May ......Alay
"LA MARSEILLAISE" +"BEAUVAIS"
ព
t freight for Saigon, Alexandria,
M
Outward Por
Japun
Homeward For
N. Afrin Burapa Marselilen, via Manila'
N. Attien & Europe
Tunis. Genoa,
- Marseilles, Algiers, Oran, Tangier, Casablanca, Havre,"
Dunkirk, Antwerp & Rotterdam.
Subject To Change Without Nutten.
}
CIE DES MESSAGERIES MARITIMES
P.O. Box 59, 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.
NICOLINE MAERSK"
*M.S. "SALLY 'MAERSK"
M.S.
N. P. Wharf 4% 0.00 Dock
***... 10,00 Provident XD 11 Wheelock
BO 200 70
150 T
040 10.00
M.S.
1000 of 401%
2000 462
theless, the temporary houses, K. Whart built of palm leaves on a frame- of jungle pales, work comfortable
and electric light, running water, re- frigerators, and gas cookers,
contained
HK Hot XD 730 740 1000 1.30
Now, however, a model town-LAND, ETC. WAR DESTRUCTION
ship, capable of
accommodating being the Then, when
Japanese over 1,500 familles, is invasion became imminent, but
built, The permanent houses early as are being constructed with a plans - prepared as
of cellular the oil to the form 1937-to deny enemy were pul into effect. suitable for tropical climates. All plant and machinery were There are also various types of
Tram XD. 16.10 flowing wells dwellings adapted to the needs immobilised, all
with cement and other of the different categories of staff
Star Ferry
Pondered useless for some con- and labour."
siderable time, and industrial destroyed: Important equipment of the Lutong Rednery was dismantled and shipped overseas. The area was then evacuated.
wns very necessary
to
concrete.
cx-
LEXA MAERSK"
Omitting Kectung,
"Apr. 16°
May
May 16
ARRIVALS FROM U.S.A.
"LEXA MAERSK”
M,S. "LAURA MAERSK"
M.S. "LEISE MAERSK”
Apr. 18
Apr. 28
May 19
For Freight and Further Particulars please apply to:-
1000 N 7.35
2000 7.30
HK Land XD S'hal Lund 123 Humphreys
XD
UTILITIES
500 ££.25
1212
300 15.30
1200 1520
100
Pedder Building.
XD *****
C. Light :) 029 830 1800 2 6.20 C. Light (N)
5.00 100 Electrie .... 2014 2014 2400
250 2050
33
200 u 12% +
15.00 14 500 15.06 500 15.80 215%
500 of 02
Included in the future pansion programme is a moderu well-equipped hospital, failly
Telephone .. 15% 10 125 providing beds, but capable of enlargment to 175/200 beds, INDUSTRIALS and a commissary and general Сетель XD 13.10
Kopt XD en the self- Oil output from the East Indies stores designed
service principle and combined STORES, ETC. the
cold an ice plant and
Dalry Japanese war effort and the with Japanese immediately tried to storage installation,
Watson productivity. Their
L. Crawford Food supply remains efforts, however, met with in problems: different success; in many cases they could not rebuild installa- tions or lacked the knowledge to operate them properly, and later on they had to contend Allied bombing raids,
restore
When
with
out they were swept by Australian forces in June, 1945, the Japanese left behind them a trail of utter destruction -wrecked Installations, wells and
oll buildings red-and production ceased
entirely for
the second time. It took threa months to put out the flames!
dimculties,
In spite of the however, outstanding progress
By was soon made.
the be- drilling had ginning of 1945, been started, and, in March 1946, the first
af post-war cargo erude oil was shipped for re- Oning at Shell's Clyde refinery, near Sydney in Australia.
NEW PLANT As..materials and equipment and the U.S.A. from the U.K, started to pour in, the tempo of the work increased.
Allies
Ewo....... 3.20 1⁄2 1000 v 2.20
are supplied, locally, but tinned
Eggs and vegetables COTTONS and cold storage fouds must be MISCELLANEOUS Imported--mainly from the UK. and Australis. The staple diet of the Incal population, rice, is also imported.
Jewish Demand
On
Germany
For Reparations
Entertain ment Yangtze
..... 13.03
... 5.40 $2
London Tin
Market
AGENTS:
JERSEN & CO.
Tel: Nos. 30066-9.
BENY LINE
FAST SERVICE TO UNITED KINGDOM AND CONTINENT
BY
S.S. "BENCRUACHAN"
steady. Loading Hongkong, 14th and 15th April
London, Apr. 3. Prices of tin were Turnover was 15 tons for cash. Prices closed today at the end of the official morning session as follows:-
962
00219 002-0013
Bonn, Apr. 3. The Jewish West German re-spot on, wuyer parations conference at The Spol in, soller
over Easter Business done at ... Hague will recess to At Jewish
claims into the Three-months in, buyer 90314.
Three-months Un, seller. rest of the world's Anancial Business done claims against Germany, a West Settlement German official said here today.
ure
de
DES 12 United Press,
on Ger- New York Stock
The world claims negotiation at the London inter- national conference man debts Jewish claims are likely to be about a third, of all claims, the official stated.
Old wells destroyed by the sad Japanese were brought back into production and new wells drilled. Additional The West German delegation: pipelines were laid to connect to The Hague conterence, back
Exchange
New York, Apr. 3.
With oils leading the way. continued to rally.
the ollfold the refinery-athore for 19 hours, was received stocks
by President Heuse. They have although the volume remained Lutong.
the
Much of the old refinery there reported to Dr Konrad Adenauer, moderate at 1,280,000 shares.
to Chancellor, and the Industrials declined fractionally.
1101 issuu and a complete
traded, 390 was repaired
declined, 314 unchanged and, 391 new refinery plant brought out Foreign Omize,
Steels United
nurrowly States and from the
A usually reliable soures gals advanced, erected.
that the long Easter recess of the mixed. Motors were virtually Chemicals widely The temporary building pro-conference would in particular unchanged. granime was pushed ahead to enable the West German delega mixed.-United Press. provide accommodation for the tion to report to the Bonn Gov- the debtor increasing number of employees ernment and to as well ag for stores, offices, interests whom the delegates represent. The recess will last restoration from next Friday 11 May 12. work was the construction of
hospitals,
the
Stay July September uf Decomber
2.40%
10
Corn Spat May July September December Ryo May
Jury
"Oats"
85-831 May July
$135-72 New York flour-per 200 lb. Sack. $12.40-United Press,
1.3672 nominal
1.85-15 1.011- 1.74
1.0814- 1.03-1.05
Included In
three of the four submarine oll
The resumpilan of the confer
+
loading lines, cach three miles ence is likely
to rad to the
Agency nor the Kohern Com- pany would reveal the specifie
the contributions from
various parties involved, but reliable business sources sald the Bank of Japan 43 advancing up US$3,000,000 and Kobern is in- ⚫vesting US$1,500,000, United
360 ych to USȘI
-United Press.
PEANUT OIL
Press.
Singapore Rubber
Futures
Singapore, Apr. 3. Prices of rubber futures closed today na follows:
Number 1 rubber, pér, 1b.
YAY
mo
23035-23 ulyanin Nuinber 2 rubber, May 1073-10315 Number, a rubber, fay 185-100 Number: 4 rubber, May. 102-103.
17135-11236
130-153 -United Press.
New York, Apr, 3. Prices in the seeds and olis market here Closed today un- changed with the following ex- ceptions:
Peanut Oit, per 1.5.0.3. Spot rubber, Dabaled
Blanket·erepe. ... New York. 124 cents-United No: 3. pale crapa Press.
PEPPER IDLE
New York, Apr. 3."
The pepper market was par-
ticularly idle, because of a holl- day in Bombay, Spot supplies:
of bincić pepper continued
the
long, used to load tankers which tabling of definite proposals for
BANK OF ENGLAND STATEMENT
London, Apr. 3. The Bank of England slute")
for the ment
week ending
are prevented by shallow water. negotiating a final settlement Apr 2, reada as follows:
from going closer inshore.
The rate of increase in the Seria field was rapid. Daily production in January 1947. was 2,000 tons; now it has soared to thip record lovel of 14,000 tons,
[}
OLDER FIELD
Miri, the only other allfield in
Reuter,
London Rubber
Futures
London, Apr. 3. between $1.12 cod 1:15 a pound. British Borneo, is an older field, Prices of cubber futures closed
discovered in 1910, and la now today as follową - On in an advance stage of its life.
May
Supplies awaiting release were quoted at $1,13 a pound,
per. ib. shipment motions, Jocul resol- Its declining Importance relative Number 1 rubber, in' peene lers indicated April at $1 bid to Serlo con be seen from its
Before the June and 1.03 asked and May 97 production, record.
war the output was about 170,000 July/September eents bid and: $1.00 asked n pound, bli.
oun ex-dock tons per year since the Allled October December bafUnited Press.
reoccupation in 1945, production
on
January/March....
Notes in circulation 21,303,$95,000
Pubillo deposits
Private deposits
Government. - recțrition
Other securities
Iteceipts
Bank ratio
11,341,000
364,507,000
203,048,000
03,502.000 57,920,000 15,4
United Prosz.
Exchange Rates
Business was done in the local market this exchange Thorning at the following entosie. U.S. dolar (per' #1)'.
Sterling nato iner Ai) San
Indonesia guilders (per 100),
#.00;
Star tical (per 100)
20,00
Singapore (Strätts)
41.718
-United
FIC plastres (per 100)
14.30
DIRECT FOR SINGAPORE
THENCE
HAVRE, LONDON AND HAMBURG.
W.R. LOXLEY & CO., (CHINA) LTD.
York Building.
Tel. 34165 & 38710.
PATTISON ORIENT LINE
LIMITED
"LAURE PATTISON”.
5,5.
Due From:
Japan,
In Port,
Loading From:
Apr. 7th.
Sails For:
'DIRECT Pusan & Japan, Apr. 6th,
"ADELANTO".
12-14 Queen's Road, Central.
Salls For:
DIRECT Pusan' Apr. 15th.
CHINESE AGENTS:
Tel. 25846. T
OVERSEA CHINESE STEAMSHIP CO., LTD.
48, Bonham Strand, West, Tela. 26127, 31118 & 81110.