Page
THE CHINA MAIL, MONDAY, APRIL 21, 1952.
Page
MESSAGERIES MARITIMES MENACE TO UK EXPORTS ROYAL Interockan Laxes
MOM
"LAKE MICHIGAN” .. May "BIR HAKEIM" ...... June C
["BEAUVAIS"
Entrand For
1.eaving
5 May $
Japan
Junio
22
Jupan
May 10
May 20
May 20 May 21
Juar 1
"FELIX ROUSSEL"
LAKE MICHIGAN"..ne † freight
Homeward Por
N. Afrk & Hurope Harseltion via Morelia 1. Africa. A 'Enrap
for Saigon, Alexandria, Tunis, Genon, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre. Dunkirk, Antwerp, Rotterdam & all Mediterranean ports vik Manila.
Madagascar by Transhipment in Salgon or Djibouti
Subject Ta Change Without Notice.
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
EVERETT
LINES
EVERETT ORIENT LINE Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-China, Siam, Malaya and East Coast Indian Ports.
"LENEVERETT"
Arrives April 24 from. Manila.: Sails
April 25 for Singapore, Penang, Rangoon and Calcutta.
"REBEVERETT“
Arrives May 9 from Singapore. Sails
for Japan. May 10
EVERETT STAR LINE
Fast cargo and refrigeration-spaces available. for Korea, Japan, China, Phillppines, Indo- China, Siam,Malaya, Ceylon, West Coast Indian and Persian Gulf Ports,
FIRST CLASS PASSENGER ACCOMMODATION M.S. "STAR ALCYONE"
Loading April. 24
Sailing April 25
for Singapore, Madras, Colombo, Bombay, Kara-
& Persian
Gulf chi Ports.
EVERETT STEAMSHIP CORPORATION S/A
Queen's Building, Telephone 31206. Chinese Department: Telephone 28293.
OFFICES AT
TOKYO-YOKOHAMA-KOBE-OSAKA
SEOUL PUSAN
HONGKONG
SHARE MARKET
From Our Corraspandent)
Clearances For Jap Shipping
Tokyo, Apr. 20, The Japanese Ministry Business done during this Transportation has received morning's session of the Stock memorandum from
SHARES BUYERS SELLERS SALES
to
the Trans- Exchange telalled $86,366, Noonportation Section Headquarters procedures the morning's on post-occupation quotations and
for Japanese shipping. Aransactions--
the According
will need no Japanese ships speciñe procedures in entering have ports of countries that already granted blanket -elearance to Japanese vessels.
BANKS
HK Bank
East Asia
INSURANCES
Unic
SHIPPING
Aslo Nav DOCKS. ECT.
K. Whart XD
1375 1355
150
10 1350
45 759
1.471.
US Industry Appeal For Higher Duties
Java Sugar Production
Lagging
LABOUR TROUBLE
Djakaria, Apr. 19. Java's rich sugar planta- tions, which before the war made Indonesia one of the world's leading sugar exporters, today turn out u meagre 20,000 tons a year. barely enough to domestic needs.
cover
Hit hard by Japanese invasion troops, the national revolution's
bard
scorched earth tactics, and more rvently by subversive: and Communist lacour union, mary of the sugar mills, oli located in East and Centri Juve, Dre in ruits or bave closed down voluntarily,
Frank Alarm Expressed
By
The British Government
(FROM OUR OWN CORRESPONDENT)
London, Apr. 20.
The British Government has now added its own official protest to those made recently by British exporters at the increasing number of American manufacturers who are seeking protection against foreign com- petition.
American traders have invoked the "escape clause" in the Trade.... Agreements Extension Act of 1951 to apply for higher tariff rates against motor-cycles, bicycles, chinaware, tobacco, pipes and wood imported
screws.
**TIWAŃCES
"TASMAŠ "THIONDOK"
"XTRAAT
МАКАЗВАД {"TIGELSERO" {"TJILUWAH“
*RUYA** *TJIKAMPEK"
"TÄÄMAN" *TJIWANGI" ~TEGELNEEL/3*
BALLIN 0.9.
May 20
May
7134
May Bila
May, 10th May 16th
May
20th
لاد
27th
May, 1st 2nd June June, th
"TJIBODAS” TILUWAR*
Juna Eth
July
June 1611
tod
#TJWÄNGI"
| ~TJITJALËNÒKA“ July GS11
TJPANABH "TYPUNROK"
RUVE"
| »TITLUWAIF"
“DOISSEVAIN"
برادرت
July
Bih
July *th
sch
July 10th
July 281h
the
TJIWANGI"
"TEGELBENG".
“KASTWAY" "YIYLOWAIT!
Apr. 28th
May 3th
May 11th ntay
12th
If they are successful, great harm would be done to a valuable.British export trade, with obvious consequences for our hálance of payments position with dolfür aren.
The British Government is frankly alarmed by these moves. It shures the view of British manufacturers who, it says, are The powerful Netherlands
"perturbed by the mounting Trading Company has just all- nounced that its "Wolongan" evidence that any marked success in the In seiling their goods plantation in Eust Java will in
The United States will be countered plant no cane this year,
from United wis
applications that by official explanation
Industry for further "Wajongan experienced such States difficulties during the past protection, and fear that some at yours, that further planting is least of these applications may
be granted." not warranted."
The text of its memorandum that Inbour-troubles are the to the State Department was main cause for, this drastic nc-published in London-this-week--
end. tion, and not the armed, bands, have gradually purged in East Java.
Sugar growers pointed
which whic
been
no full reassurance can be given by Washington on the continuity of foreign economic policy.
Looking further ahead points out that revival of "turin ag- ression is an issue which we must face as and when it arises but we should not neglect to
the
very difficúkt position study which could arise.
The Financial Times" has also offered some strong criticism of the latest American demands for higher tariffs against British goods.
ΟΙ
-
Kingepåvej dilutio, Kebondial
atagener. FemNE. A DENMAÓ' bel Djavaria,
Trebun
BEIDSTADE¥
Narabala' M"MacauNAE Alandia, Hingapore, atayetikoa, B. Arfen
d. Anierick
Japan
KEKADOTE BA
Japan
rafata "Macassar
start. Theban, Homa/XÓW,
Burabala & Macassar.
Japan.
Stigapore, - Djakarta,
Snrabala & Miscansar
Bemarake,
Manfa, Bingapore, Artful A & R. Americu Djakarta, Tjirebon. Semarang,
Singapore,
Barabala”. Machalar
Bjakarta. Surabala à Kfacassar Singapore. Jakarta.
Japa
Sufabila ▲ Macister,
Sérg
einarn
Manila, singapore, Penana,
R.. S. Africa
Djakarta. Tjirebon. Semarang,
Surabala Manasar
Mardia, Bincapere, lauritius. S. Africa
& B. America
jakarta.
Singapore.
Surabala & Macassar
Japan
ARRIVALS
From
Singapore, Djakarta,
surabala & Alacassar
Remarang,
Semarang,
S. Aniortea, S. Africa, Mauritius,
Singapore, Djakarta & Manila Djakaria, Belawan Dell & Singapore Macassar, Barabala, Hemarang,
Djakarta & Singapore
General Agents,
HOLLAND EAST ASIA LINE
Senator Capehart's contention was a fordigne manufacturers whose supplies of certain ma terials were not restricted were given an unfair competitive ad-
whose supplies were vantage over American manu- facturers curtailed.
Congressional commitices are now studying the new Detenes
Bill and the "pro-"ELDRECHT" Production
to get Committed tectionist" bine is making major effort approval for lis restrictive trade amen
endments.
"HOOOKEAK"
SAILINGS TO EUROPÉ
May
10th
"AAGTEKERY" "HLETAR"
7th
7th
Aug.
201
Ball
Rotterdam
Artives Hongkong
Salled Apr.
May
14th
May
May
Joly
inly
Zud
Aus.
7th
Aug.
Bept.
Tb
SAILING FROM EUROPE Even if these amendments are refused-in-Committee it is clearKAGTEREDK"- that those Senators and members BLITAN" of the House of Representatives "HOOGKERE
**KIELDRECHT who are pleading the case of the ALANDZCHIL
manufacturers wil domestic
the fight into the House and Senate Chambers,
It is recognised that many Flouso and members of the
next November will be more Senate who will seek re-election
the
in powerful susceptible to fluence
of the spécial interest groups seeking greater protec-
for manufacturers tan
domestic produce: air dent Truman, the Secre
foreign competition.
NO CONSOLATION- It is no consolation, it says, to It admits that it is premature know that since 1939 the tariff to assume that relief will be levied on Uniteif States Imports 37 per The
Communist controlled granted in the cases now under
has been reduced from
catury a review but points out that there cent to 14 per cent on the value "Suricat Buruh Gula"
arc "obvious grounds fur of all dutiable items, if a few subsidiary of the SOBSI trade
items crucial Enxiety." been se has
are shouldered out union congre
It reminds the State Depart-ro
the market
by the tariff succesful in its actions against
the Governments of the "foreign imperialists who ment that
any control
that some both the United States and the authorities as soon as they make
substantial progress. the mills.
The chiuse in the Trade Agree companies think further opera- United Kingdom have taken the
view that it was essential, both ments Act under which applica- tions are too big a Anancial
for economic and pólitical risk.
reasons, that the dependence of .on..ex- the United Kingdom. ternal aid should be ended na rapidly as possible.
STIFF DEMANDS The union is making at demands when the tense, four- starts, period week milling when all hands are needed to turn the anual cane crops into sugar,
A terse news item in the local Press reveals some of the trou-
on the sugar Jands. bics
"The Sugar Labourers Union will start an action covering the
whole of Java on April 23, un- less its demands ure complica will demands: A bonus equal
The to five months' wages.
have
The obvious alternative to-ex- ternal aid is the development of
between trade
the United Kingdom and the United States, and this has been the hope on which much of our effort to
balance of correct our serious payments defielt has been built. DIRECT COMPETITION Extension of trade between and the United this country "Slutes, however, must obviously involve British goods in direct The hard-pressed sugar (***
competition with American offered
one Industry.
and this competition month extra
the pay, which
at its 45,000 will increase as our efforts grow union, on behalf
more successful. members, has rejected.
It was the fear that our efforts to expand trade with the dollar prep would area
bo frustrated by to raise a tariif barrier attempts against successful British imports into America that prompted
growers
The issue is now in the hands of a Government labour media- tion committee, which may luo And the union's demands high, but has no powers to call off an eventual strike. Asso- cluted Press.
Grain
Prices
In Chicago
the
Britain to make the protest.
The Government's strong views
on this matter are made clear in
its memorandum to the State Department.
"It becomes a. question," says, "whether, should the fears prove to be justified, the United Kingdom effort to pay its way by earning dollars on a fair basis can be competitive maintained.
"Should It fail, the economic policies of the United States, as well as of the United Kingdom, would be frustrated and the buty of the United Kingdom to play its necessary part in the Western alliance would weakened."
Chicago, Apr, 19.
mostly were Grain futures easy to weak, reflecting favourable crop reports and the Indle of foreign demand for U.S.
Coarse grains,
grain prices
appeared to be under the greatest pressure of liquidation. Fires of grain futures closed today as follows:--
Wheat-price per bushel
D
Spot May July September December
nole,
Corn
Sput May July September December
Rye
MAY July
Osts May July
It also stated that It does not matter whether these countries have signed and ratifled the Japanese peace treaty or not.
43
17 500 € 10.00
According to the Ministry of 11.00 12.10 200 es 11x0
Transportation, 40 countries 200 GT 4414
have accorded Japanese ship- 1000 7.00 ping vessels blanket clearances. On the other hand, the note. stated that Japanese shipowners entrance will have to seek
N. P. Wharf 615 Dock XD Provident wheelock、、、 LAND, ETC.
HK flat! ik Lond
(Re) S'haal Land Humphreys. UTILITIES
Tram
10
1.39 1.43
1610.30 750
Star Ferry 00%
c. Light (0)
хо
8.40 8.00
c. Light (N) 3.40 019 Electric .... 23.10 21,20
INDUSTRIALS
Coment
Hope
+244
ATORES, ETC.
Dairy XD .. 18.70 Watson ...... 21% Watson (tt). L. Crawford Emporium... 13}% CUTIONS
2,80
MISCELLANEOUS
Entertain
ment...... 10.10
200
14.30
16.20 approval in advance from
representatives or organs station 100 0 10 ed in Japan for those countries 324 855 which have not issued blanket
05.49, cloarances.-France-Presse.
000 21
15.10
600175%
20017
30%
3 5000 # 2.00
Exchange Rates
Business was done in the unofficial exchange market Inoring at the following rales:- 1.B.. dolle · (por $1) Bering hota (per £1)
Indonesia guilders (per 100)
Stam tea (per 100) Bingapore (Straffe) 2 FIC plastres (per 100)
local this
18.05
20.50
247
2.45-
2,34- 2.3012 *.40-3.40%
131 nominal 1.79-5 1.8175-31 1.7724- 1.49%
2.00-1
8034-32 70%-% New York four-per 200 lb. Sack. $12.30 nominal-United Press.
Textile Buyers Indifferent
bo
1
PRESSURE EXERTED The first case to be decided by the American Tariff Commission is that of the motor-cycle trade. of motor-cyles Manufacture in the United States is in the one firm which has hands of
Increase in the applied for an present 10 per cent duty to 40 per cent and for the establish- ment of an import quota-based on 10 per cent of the domestic production in 1950.
The arguments have now been heard
and the British respondants are reported to have made out a good case in their favour.
Observers on the spot at first formed the opinion that the Commission was against giving any rellef to American manu- facturers
ΠΟΥ though
iz is New York, Apr. 19,
have to they may Dullness remained as a chief belleved characteristic of the basic cotton, yield sightly under the pressure wool, rayon and burlap maricets exerted on them by members of this week, Chiat interest was Congress and others.
Their Government
final. decision may, still centred on orders for the military as buyers therefore, be in favour of the ap- temained almost utterly in-plicants but only to the extent
of granting a five per cont In Dealers sald
different
ions have recently been made gives Arrierienn
the right to demand revision of tarif if they can show that
the sale of any imported product tary of State, Mr Deon Acheson, is injuring a United States in- and other heads of Governmen dustry.
But, as the "Financial Times" points out, in market conditions self as the present, when the total consumer demand is tending to contract, that in effect gives a velo on hot tily Urated States industry a the expansion of foreign
article
newspaper makes final scathing remark: British cycle industry and others may find it difficult to prove that they are not injuring some United States competitor by successfully selling a superior product."
The committed with it.
this
have
repeatedly Congress to make a more evaluation of special in- teret pleadings in trade frgiela-
greater on and to give
the world-wille sideration cffce's—Re£f..
to
Cotton In Doldrums
COX-
New York Apr. 19.
strep futures hit a Cotton downgrade this week as buyers retired in face of gloomy re- parts from the worldwide textile trade and increasing deflationary Sentiment.
Al Friday's
BITTEK FEELING These comments serve to show that can be the bitterness
aroused between friendly nations
close, the list seem atrange ruled
80 to 90 points-$3 to $4.95 where trade rivalries ré con- cerned. It may that a country like Britain, which a bate-lower than the preylous has recently made sweeping cuts week. in its own imports, should protest Other factors keeping pres- when one of its markets seems sure applied against prices in- threatened by demands for high claded the decline in the stock market, the dullness in the spot cotton markets, the multiplying hopes for a Korean peace and reports that zome domestic raw cotton in- textile mills have been reselling part of their vertorles as they have embarkt curtailment of ed on a wider machinery,United Press,
tariffs.
But the fact is that the United as the world's States position
nation carries biggest creditor certain special responsibilities, with it,
Mr Dean Acheson, the U.S. recognised Secretary of State, this when he said recently: "The as much our dollar gap is
the problem as that of the rest of world. A big creditor nation that refuses to import can never expect to be paid for its expist
Moreover, AS the memorandum emphasises, when one country starts to raise tariffs industries to protcef domestic from foreign competition, others may find it difficult to withstand the internal pressure to do the
sume.
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via į
SAN FRANCISCO, LOS ANGELES AND PANAMA;
NEXT SAILINGS ·
M.S. "SALLY MAERSK" M.S. "LEXA MAERSK” M.S. "LAURA MAERSK"
ARRIVALS FROM U.S.A.
MS. "LAURA MAERSK” M.S. "LEISE MAERSK” M.S."GRETE MAERSK”.
NAN
May
May 17
June
2
Apr. 28
May 18
June 7
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building.
Tel: Nos. 86066-9.
Pacific For East Line, Jeze
DIRECT
Fret Regular Trans-Pacific Service
BAN FRANCnico, LOS ANGELES
OVERLAND NEW YORK-CHICAGO-DETROIT-TORONTO BIONTREAL AND ALL AMERICAN &
DANADIAN CITIES
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Varsel
1
"F. J. LUCKENBACH”
That may prove in the event to be a more poten' argument than any other contained in the official British protest.
REPUBLICAN MOVE.
Washington, Apr. 20.
Groups ". J. LECKENBACH" " Strong Republican Congress are steking to impose new barriers to foreign imports despite recent British
and Italian complaints that existing restrictions already threatened Es Europe's defonco damage `capabilities.”
Provital Truman's Adminis- raton is preparing to fight the Republican move with the cup- port of party-line Democrats in Congress.
But the supporters of a freer trade policy are perturbed about the developing strength of the Republican-led
gięci
piece-good crease in the duty on imported bloe and the electionist"
Jap Industrial buyers and garment distributors motor-cycles
Mission Ends
Paris, Apr. 20.
A teleration of Japanese in- dustrialists left New Delhi last ught for Tokyo, according to n report from the Indian Informa- tion Service released this morn- Ing.
beca
The delegátion had louring. India. for the past Ave
weeks
were still too busy trimming to considor new Inventorier purchases---United Press.
Rubber Futures
In S'pore
Singapore, Apr. 30. Prices of rubber futures closed today as follows; --- Number 1 rubber, per ib.
POLITICS ENTRI
The broad issue at stake, how- ever, le not entirely dependent on economic arguments. Politics enter into it, too.
thu
their campaign by the pressures of election year política.
The latest threat to Europe's
In capnelty to corn. dollars
was a well- American market backed move by Répubilean Thought the State Department Senator Hamer Capehart which articles has shown itself to be almost as would restrict imports worried as the British Govern-made with materials in short ment about the recent growth in supply in the United States.
proposals, the Mar
number of applications for
protection, the strong views held which will be
sections
of the Ro
of
Capilted as an
legislation, could
to pending defence
Party on matters affcct-pment to
stop
to 50
to 50 per cent, Congres sources Cald.
in some publicat
tariff policy cannot to lightly reduce imports of such articles ing
by presidential this dismissed in election year.
Commenting on this aspect of 1-111% the tariff fasue, the Investors Chronicle says that the only fact we can face today is that
May
110%-9 10015-44 Jurie Number 2 rubber, May 10034-94 Number 3 rubber, MAY
Number 4 rubber. May
Spot rubber, untaled ...
Blanket crope.
No. 1 pale crope
The leader of the delegation
July declared that the visit hati con- déistributed to a better under
standing between Japan anti 300India and would become the *1.77 base of future co-opération 120 | France-Presse,
127-1303: -United Pres
The amendment was directed principally as imported articles using such source materials ps chrome and nickel,
From
Arrives
Balls
Yer
San Francisco
Stralis
Apr. 21
Moy B
Apr. 22
May
Singapore, Port Swattenham
( & Penang. San Francisco & Los Angeles
via Hobo
་
For full particulars cali United States Lines Co., General Agents, Queen's Building, Tel: 28190,
THREE
SILENT
SALESMEN