MESSAGERIES M
“LAKE MIONIGAN”-
"BIR HAKEISI”
‡"DEAUVÄIS"
THE CHINA MAIL, TUESDAY, APRIL
1952.
MARITIMES Pattern Of World Trade Reveals
lying Leaving
M
Outward For
Japan
May 5
Juno te
May June 22
B
Japan
May 19 Ajay' 20 May 24 May 21
June
"FELIX ROUSSEL" "LAKE MICHIGAN"...June 3
- ffomeward For
N. Africa & Europe Marseilles via Manila N. Africa Epropr
Genon, t freight for Saigon, Alexandria, Tunis,
Marseillca, Algiers, Oran, Tangler, Casablanca, Ilavre, Dunkirk, Antwerp, Rotterdam & all Mediterranean ports via Manila. Madagascar by Transhipment in Saigon or Djibouti Subject To Change Without-Notice.
--
CIE DES MESSAGERIES MARITIMES P.O. Box 68, Hongkong
Queen's Building (gr. floor) Tel. 26051 (8 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 May 10 for Japan.
EVERETT STAR LINE
Fast cargo and refrigeration spaces available for Korea, Japan, China, Philippines, Indo- China, Slam, 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-
chi & Persian Gulf Porta..
EVERETT STEAMship, corforatiON S/A Queen's Building, Telophone 31206, Chinese Department: Telephono 28293.
OFFICES AT
TOKYO-YOKOHAMA—KOBE—OSAKA SEOUL PUSAN
HONGKONG
SHARE MARKET
(From Our Correspondent)
MALAYA SUSPECTS
A CATCH
The
Singapore, Apr, 21) British-owned Strails this Times sald editorially today: morning's restion of the Stock "All are looking for the catch
Business done during
Fears Over PI
Economy
Mabila, Apr. 21.. Probable, reduced foreign exchange receipts during, 1952 due to a decline in the prices, of Philippine export products will have disturb. Ing repercussions on the overall national economy. according to well-informed sources,
the distarb
However enres are not expected „10 precipitato serious decline In economic activities. Re- duced business motivity will reduced faxes respit in from sales, reduced, sources of employment and forther tightening of credit and money Ex circulation. France-Presse,
Banker's Warning To Japan
Tokyo, Apr. 21.
A leading American in- vestment banker has warn- ed Japanese Industrial leaders that they cannot sound large-scale expect foreign investments unless they relax their investment laws.
Sharper Competition: Problem For Buyers
London, Apr. 16.
Although the Chancellor of the Exchequer has been able to report an improvement in Britain's gold and dollar reserves position for the quarter ended March 31, he does not conceal the seriousness of the situation when he states that "it is the current trade and payments position which is He had pointed out that there in the long run decisive.”
had been a "concentration of special receipts and earnings of approximately $75 million.”
Without these items, non-recurring as they are, the deficit would have been $146 million instead
of the $71 million he was able to announce, all Indonesian tending to compel him to say, in the matter of
actual export trade, "rather than relaxing we must redouble our efforts." He did not say how or where the doubling of effort is to be concentrated.
The President of the Board of Trade, Mr Peter Thorneycroft, writing in the New York, "Journal of Commerce," appeals to. the business men of the United States to visit the B.I.F., where we shall already be sbiche to show the fruits of a thou-30
and fact-finding trips, of a of market research of painstaking re-tooling to meet special reeds, of packaging and presentation to suit retailing
cquirements,"
mass
Mr Thorneycroft had already his readers that Mr. Harald L. Bache, senior reminded
"when Britain undertook her partner of the New York Invest- ment Arm of Bache and Com- present rearmament progTAIME, of iciters to second only in size to that of pany, in a ceries
the United States, she added o stressed that Japanese leaders no reliable businessman would heavy burden to an economy
investment in
already strained by war and its make a heavy
he was free
aftermath." Japan unlers take out his original investment at any time.
to
Hevisions "of the foreign in. vestment law now being con- sidered by the Japanese Govern- ment include a prevision that foreign
investors may begin taking out their principal three years after making the invest ment at the rate of 20 per cent
per year.
MF Bache argued:
1. Giving investors complete freedom of action will attract sound capital,
2. Instead of encouraging Investors to withdraw their money it will have the opposite
effect of inducing them to leave it here.
their
FEWER BUYER97
National Industries
Djakarta, Apr. 21. The programme of the new Indonesian Government includes the encouragement and protection of national industries, especially rising small industries,
tries
state
and
Royst
"TJIWANAF
"TJELWAI "RUYS" "THKAMVISK"
INTEROCEAN
SAILING Belt
Lives
“xtugsporo, Panange de, Spelman, Dall Djakarta, Tirebon, Esquatang,
Surabala & Marnitar
singayaro,
KB. Atrlen & H. America
Pingapore, Djakasta, Rempratia,
Japan
1Jjakarta,- Treban Belarang,
Butabala, di şikeaytar'
Sapan.
Singapore, DJAKARTA.
ourabala, da Kinrastar.
Bamorang
Manilaja Singapore, sMauriilum,
~8. Afrien; & H, America
"TABMAN". “TJIPONDOK“
"ETHAPTE -EMAKAISAN”
May
itay
*TKGELUKIO“.
*TASMAN" "TJIWANGE!
*TEGELDERG!
MAY 19
May 20th May 27th,
Alay Hist Juma 2nd
Арре
July Ind
July July
July 8th
("RUYA* **
July
Oth
"STRAAT 10ENDA” JDY
11th
Гарад
**TJLUWAM"
July
16th
*BOISREVAIN"
July 20th
*TJJINDAS”
"THLUWAIN'?
**TJIWANGI"
“TJITJALENGKA” "THPANAS". "JIPONDOK
"TJIWANGI"
| “STRAAT BANKĄ”
"TJITJALENGKA"
"TJIYANOP
**TEGELBERG❞
DEARTWAY” **THLAWAN"-
Aug. Ind
Aug, Bih
Aug. 14th
Djakarta, Treban,
Burakala (4) SERENITAY
Semarang,
singapore, Djakautu,- Semarang,
Churadála de Macassar m
Singapore, Djakarta,
Surqbals & Disc
Japan
Gemarans.
singapore, Penang
E. & S. Africa
Djakarta, 997Tilreban,"
Surabaja Mucatar
Semarang,
Manila. Singapore, Mauriilus,.
8. Africa America
Bingapore, Djakarta,
furabila, & Macassar
Зарап
Somerang,
BingALUTA, Djakarta, Semarang.
Barabala & Macar
Stanila, - Singapore, Kugelius,
8. Africa & H. America. Kingapore. jakarta, tamarans,
-Burubala & Markeasy
ARRIVALS • From
Apr. 2alp
AIRY Sch
May 11th May 12th
Singapore, ́Djakarta, Semarang)
"Surabais A. Staerisir
America, 8. Africa, Houching, -- Singaporn,. Djakarta & Manifa 'Djakarta," Belawan Dell & Singapore Macassar, Surahaja, BOMATANK
Djakarta & Mingapore
•General Agents.
HOLLAND EAST ASIA LINE
"KIELDRELUT"
May
June
July
ADC.
Salls
SAILING FROM EUROPÉ AAGTEKERK
Rotterdam
Arrives Hongkong
Salled". Apr.
Ath
May
Tith
May 2nd
Junio
7th
∙atay. 28th
July
July
2nd
ADE.
Aug.
·BOJE.
World War II It was not un- common to have 10, 15 and even 20 manufacturers competing for a particular order in Stockholm, Johannesburg, or Rio de Janeiro. We must be prepared for same intense competition that was experienced during the Another opinion was; "On
Turkish public a recent tender of some importance
submitted A scheme has alreadySAILING TO EUROPE : coven competitors bido, three of whom werd drafted
extensive for giving German. This is reminiscent credits to promising small intus "AAGTEKERK”
BLITAB" of pre-war days,"
operated by national
"ALMKERK" Mr Walter. A. Benz, vice capital.
The plan also provides for president of the New York Association of Food Distributora,
ways and means of protesting that foreign trade these industries until they have Inc., states means imports and exports, and passed the Infantile that they are so mutually inter are ready for further develop- dependent that to harbour the ment. belief that they can be dealt with separately is to indulge in wishful thinking. He goes on to say, tilting at the trade barriers In view of this, the Govern which his country has raised.ment is contemplating setting up gabist the imports from then Industrial Import Policy Co- foreigner: "Only the maive can ordination Committes to care- believe that our exports can be fully eerten imported goods for fostered and expanded for the the protection of young enter- benefit of the majority of our prises.
An example of this protective industries while simultaneously
being is alrently hindering and excluding our polley that
carried out is the placing of importa for the benefit of a
thus achieve a large Government orders with minority, and
these Industries for the delivery of goods to Government offices commercial miracle."
as well as the army, navy anu air force..
!
for
One of the handicaps of thete rising industries is the competi- tion of Imported goods.
... CLOSE CONTROL
It is possible, however, that the fair, to be held from May 5-16, inly not have the usual number of buyers from the from United States.
Reports the U.S.A. indicate that al- though buyers visiting Europe 10 be more are expected numerous, they are delaying ason departure. One given, that the Pereas the chief, is are awaiting some
GREATER EFFORT Indication that the export prices
However much wishful think of woollen, Hees, cotton, and leather goods, amongst others f exists in the minds of Mr will reflect the lower prices of Butler, Mr Thomeycroft and, Mr the raw materials which have Benz
the expansion
A special committee has been gone towards their processing. British exports to the U.S.A set up composed of representa-
In an endeavour to assess this
goods
will not sell without tives of the varime Ministries. impurts of consumer effort. on the part of the whole This body will exercise u close. your's
and rope, the U.S. of the British industrial and control over the quality Europe, goods from
Association, basing have been lamentably weak so Importers
These price of goods to be delivered. promotion organisation,
In matters of
the credit, experience their opinion on
merin and chain far,
Government expected -have
grunt
greater incllities On. a per capita purchase loans to newcomers, Assistance store, clusion that imports in January
reckoning the U.S.A. citizen buys will also be given for buying far 2. They be permitted to sell and February this year were
108!
of small value, the necessary capital goods from ia
comparable very few and exchange for behind the obtained shares patent rights at the rate of 20 volume. It seems that last year of British exports whether they abroad wille continued Govern
concentrated into he per cent per year after a period buying was
the early months, whereas this goods. The Canadian citizen is thres or five years after
much better customer, and it year buying is likely to com-
moy not be out of place to making the investment
mence in the spring and be
emphasise as Mr Butler nad Mr spread over the later months,
by their Gaitskell have done Personal, first-hand contact is
import cuts from the Hollar more than ever necessary the
Individual efforts areas, that no imports, no ex- future,
3 irulam of inter Por ure
going to count instead
now the Laissez
faire drift adopted national trade, not only and enjoyed in the sellers but always,
SUGGESTED REMEDY For remedying the situation, he recommended the following [sions for foreign investors:
1. Investors be free at any obtained as interest on their original investment.
ums to dispose of capital chares of the detached the con-,
of
3. That foreigners be per- mitted to sell shares obtained brokers at through exchange any time after a period of six months.
4. That shares be made eligible to re-
in dollars ceive dividends
certain types
of
or
other foreign currencies.
Throughout
E.P.U. FLUCTUATIONS “
in
of
motor cars OF cozidumer
now
market" period. That has gone. According to the Department
the ownership 5. That foreign
world today, of Trade and Commerce, Ottawa, the purchaser is now a keen Canada
fourth ranks of shares in any one Japanese
limited to acritle of price and quality. (world) as an exporter and im- company be
porter and that despite a re maximum of 25 për cut of the
issue share
latively small population. But to at common
capita reckonlug in exports United Press.
and Imports, compared with the 10 major trailing countries, puts Canada first, with Belgium second, far behind the. Du
Exchange tetalled $98,955. Noen behind the announcement by New York Sugar quotations and the morning's tranazetions:-
SHARES BUYERS SELLERS SALES DANKS
Bank JETA 1300 East Asia
140
INSURANCES
Canton
Union
STEPPING
Wateibort
235 245
Dr
Ah Nev. 1.0715 1.70 2000
DOCKS, ETC.
K. What XD
1.0755
#1 821 150
us
N. P. Whar! 6.60 0.00
Dock XD
Provident
S'ha Dock
Whitelock
LAND, KICK
ZIK Hotel
IDC Land
10.00 31.00 10.10
Land (1) 10.
hal Land 1.40 1.40 1500
Humphreys ..
Really
UTILITIES
·Tram,
Tram
240 2.60
F. Tram (N) 2215 ·
Htar Terry
(0) 0.11 0.35 835-
Light (N) estria
Telephone
INDUSTI Cem
the United States Government that almost alt controls on the of natural and synthetic LISO rubber are to be removed from today."
Alk
Futures
The fluctuating deficits some of the European. Payments Union countries are an un-.
certain factor in European over
trade. On this question
8203
New York, Apr. 21,
the World sugar futures closed today 2 to 4 higher with sales totalling 221 contracts.
Prices of sugar futures closel as follows:
Contract No. 4 (World)
ט.
дий
per
minion.
to
ment control and guidance will
help these. new, enterprises to
overcome initial dimouilles.
In view of the acute shortage of technicians, special training courses will be opened under State
sponsorship. The
Government operation of the will also be readily given for sending young men for special training
abroad,France Presse.
Grain Prices
In Chicago
Chiengo, Apr. 21; Dr Stefan, foreign-trude expert
Wheat futures closed today. Now the salient factor in the lower to higher and soybeans attached to the Hamburg Cham- ber
Commerce
Canada's Im-4 to 4% higher. Prices of grain recently position is that ber stated: The British showed
ports last year at $4,084,850,000 futures closed as follows
her fullest understanding (£1,361,618,000) exceeded
Wheat-price per bushel VETY for our troubles when we had exparts, $3,914,400,000, (£1- Spot
B4011⁄2 naminat -244"~3 to cut back our imports a year 304,820,000), and yet since her
July ago and it is only fair that we dollar was set fice a year ago,
£2201-16 should help them all we can its value in terms of the £ has discrimina- risen from $9.08 to, say, $2.77, now. There is no
dollar. has tion against us. In the Crown whereas the U.S.A.
a deal scarcely moved from the $2.80 Colonies, but it will put
Axed by Sir Stafford Cripps in 453 bid in outonadian Minister
out figures just the same."
time. at the of September, 1949, The Tride
emphasised the of the devizlization of the .: importance of the Central and market: as the South American most available
May July 8:ptember November spot...
Contract No.
September November
4,31 bid 4.35 bid 435
4.30
B07 0.02
0.02 d
United Press,
Juty
tlet for Trade outlet.fer in view of the Commonwealth's wholesale .cuts its
in.
imports from the collar, as well as frem area, Canada is in
ports The Rubber
Under the heading "Restrained gald: Welcome" the Times
States United 150 "Suspicion of
moves and motives has been driven so hard into, coutheast Asia minds that many claim see in this treeing of the market nothing but window-dressing for
coming the
rubber
study group talks to be followed by bargaining some pretty hard and possibly by more
against natural crimination rubber In the form, of a lower spct 1.45 price for synthetic rubber.
The Times admitted that it the gloomtent taking WIS
view possible States Government decision,
the Commonwealth and besides
confidence restoring
cuts "anicted" New York, Apr. 21..
the all in the industry, even
The pepper market ruled of having
01. on her, in
op1:0 that, the steady to firm although actunt General Agerament
on Tirila genders the hope.
and. Tra
Trade, and in spite of the whole at the United States is trading remained on the quiet
Ottawa imperial
Com Asla's main southeast
The countries. around $1.03 pound, April monwealth buying product will do much more to keep the southeast Asian people shipment at $1.08 to $1.09, May dollar is barred from the rest off Communion than gifts of $1.03 to $1.04, June $1.00 to of Commonwealth trade, exorit
for absolute essentials, and grants of dollars under $1.61, all on an ex-dock basin, arms and
Point Four prohe week-end requested, bids, of The Procurement Agency oven
1420 3400-800′ 13 14,797 18.30
haly XD. 10.70 100 1800
wilson
Crawford 325 3994
OVETONS
EOUS
Exchange
Tho
Unile Pepper Market
thelous position of being
the
Markets
London, Apr. 21. Prices of rubber, futures closed
Number 1 rubber, in penca
beginning to realise that steady side material was indicated at.nreement by the othenees today as follows:
*of
the famous 20 gramusic: YARAREA Interest 105,000 pounds of ground, black
106 8.18 warmly welcomed the announce pepper wanted for the United
ment, on its face value because
It would assist to stablis
States Navy United Presa.
per 15. MAY Juna"
July/September October/Dacombor January/barch
United From SINGAPORE MAKKET
Singapore, Apr. 21.
textay, as follows:- Number
September December
Corn
2,401%-%
Spot Mary July Beptember December
Lya
183
1.70%+4.50
May July
-2009%
10936.
·May July
7815-12 New York four-per 200. Th. Sack. $12.30: nominal.--United. Proas
Seeds And Oils
"ELITAH" "ALMBER=" "ADEND KERK”·
“KJELDRECHT"
SUULEDINGS, TEL
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO
NEW YORK, BOSTON, BALTIMORE &‚PHILADELPHIA via BAN FRANCISCO, LOS ANGELES AND PANAMA, NEXT SAILINGS
M.S. "SALLY MAERSK" M.S. LEXA MAERSK”. MS. “LAURA MAERSK"
ARRIVALS FROM_U.S.A.
MS.
MS.
LAURA MAERSK”. LEISE MAERSK"
M.S. "GRETE MAERSK"
May
May
June
Apr,
May
June
བལ་
བྷཏྟ༤
For Freight and Further. Particulara, please apply.
AGENTS
JEBSEN & CO.
Pedder Building.
Cotton Price
Tel: Nos, 96066-9.
FOREIGN
Again Down EXCHANGES
In New York
New York, Apr. 21.
IN NY
New York. Ap
unomelal
30-day futures 90-day futures
2158 naked
2.3123
Cotton prices". experienceCanada another siniding spell early togland-metal day,
May The Impact of quidation before the first notice day on Thursday and the news
of further light to good rains Australia
New Zealand over the dry areas of Texas South Africa pointed the list toward. lower Belgium
| Denmarie. levels for the third session in a
West Germany
row.
France
Keypt
Zran
Turkev
41.40 nominal LATIN AMERICA
The market opened off 23 to Hailand. up 10 points. It dropped to aly
Portugal maximum losses of 10 to 84 Norway points, then steadied. slightly padr The market closed off 18 to 14 Swedens points on the day. Open con= |Switzerland -
MIDDLE EAST. tracts in May at the start of trading totalled 525,600 bales,
Prices of cotton futures closed g es follows: Spot stay. July New York, Apr. 21.
·Prices in the seeda and oils mariret closed unchanged › with the following exceptions:
Linseed" 'ell, in tank ram, F.O.E. New York 1:01-1,60
Flux red; per bushel B.O.. Minneapolis, ⠀⠀ $3.8014 --United Press
Ratesment in southeast Asia Egoinat JAPANESE BOND competition nowternational prices of rubber futures closed NY Stock Exchange
rubber prices, dissipato resent-
ANDEREN America and sy tho
for propaganda market is mandat morning at the following rates,
Tirinem was done, in the local foc pe
vinometo!: excharge.
grounds
Com
But most were ceulious. 7.6. dollar itper #1) Stering note per 41) /resiyi: 1833, cummitting themselves too fer Indonesia guilders (per 100) 300 until thay, know more übout the
[B]n] Lewis - (per (200)akapy E
Bingeporn, (Straitp)-
WIC/Pigstens 5(DGF, 100) NA ZASKO
* OTHER OPINIONS American exporters too have instance facts, with appropriate views, on the present and prose pective intense
Fampant with London, Apr. 21the zellery, inarket” at an Japanese bondayyaf jobRY Amang views expressed work
the expanded ins Brestise of “All ($6 of 1800) 834 4¢B!!v/{48_=_01 1010)
custrip
Capucity of this country. #C (63, 0f 1901) 130
DV4C58 of 1034)
provisionato protect the | Conpoly (22
05
(00-7 United-Prens
Nurmber too much keener: porea pember polition amoda. Amneziyan rabat Spok facturers who are dome business lahk
New York, Apr. 21. - Dow Jones (averagm at the end of the clock market salon stood, as follows
30 Industries
20 ra
15
40
201.63
99.68-39.49 Brazi
40.11.
"Argentina
October
36.93
·Halevín ·
December
36.50
March (115) KAY
Chilo Calombla
18.09. nomines | Calsa -
July
Mexico
bezober
LONDON TIN MARKET
London Apr. 21.
33 Faru A,
The tin market was complete- yidio this morning. Prices pored at the end of the official morning scrupas follows Boat Ha, buyent
pc din. sellers
02.20 74858) Three:mont
'Three-months2ur
ited Press.
Veneruoja: FAR EAST
Paketa Hong gadonesta Singapare Japan
2 | 2 0 0 0 0 0 0 0 0 1 1 2 2 2
se-United Pre
Copra
Now
Copra
pound, anked