Page
MESSAGERIES M
THE CHINA MAIL, THURSDAY, APRIL 24, 1952.
MARITIMES JAPANESE FIRMS READY ROYAL INTEROCEAN
M
Outward Ver
Arelving Leaving
"LAKE MICHIGAN"- ›, May
“DIR HAKED"
June 10
5 May
Japan June 22 Jagua
"BEAUVAISTM
May 15
1
May 20 51ay 20
June A
"FELIX ROUSSEL"...May 2 "LAKE MICHIGANJE
Homeward For
H. Aftien & Europe Maticnes via Manila
H. Afelen & kütópe † freight for Saigon, Alexandria, Tunis, Genoa, Marseilles, Algiers, Oran, Tangier, Casablanca, Iluvre, Dunkirk, Antwerp, Rotterdam & all Mediterranean ports viu Marseilles.
Madagascar by Transhipment in Salgon or Djibouti :
Bubject To Change Without Natite.
CIE DES MESSAGERIES MARITIMES P.O. Box 59, Hongkong ·
Queen's Building (gr. floor) Tel. 20051 (3 lines).
EVERETTE
LINES
EVERETT ORIENT LINE
Fast cargo and passengers service refrigeration space uyailable for Korea, Japan, China, Philippines, Indo-China, Siam, Malaya and East Coast Indian Ports.
"LENEVERETT”
Arrives April 26 from Manila,~ Sails
April 25 for Singapore, Penang, Rangoon and Calcutta.
"ŘEBEVERETT”
from Singapore. 8 May 9 for Japan.
Arrives May Sails
EVERETT STAR LINE
Fast carge 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"
In Pert
Now Loading
Salling April 25 for Singapore, Madras, Colombo, Bombay, Kara- chỉ ch Persian Gulf
Ports.
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephone 31206. Chinese Department: Telophone 28293.
OFFICES AT
TOKYO-YOKOHAMA-KOBE-OSAKA SEOUL PUSAN
NYK Resumes
In June
Tokyo, Apr, 23.
The largest Japanese
shipping
Nippon will
the Kaisha regular
company. Yushen testne
Eatont
ונן
monthly uns between the Far Eani and June.
The ships used will be mixed cargo and passenger Itners. The first ship to be placed on the sun will be Hryou the 10,000-ion Maiu which will Marseilles,
call at Casablanca,
London, Antwerp, Rotter Jam and Hamburg. France-Presse.
Grain Prices In Chicago
Chicago, Apr, 23. Prices of grain futurea closed tolay as follows:--
Wheat price per bushel
2.4033 Spat
2,44-14 May
33411 July
7.30 September Deremiher
2.40袋ギー
1.0314
Corn
Shat
Bunterher
December itya
1.0136-1.82 3,784-5 1.70%
May
July
Uats
2.001 1.0714- 7336-16 May
77-6-46 July
New York, four-per 200 lb. Back $12.20 nominal-United Prem.
TALKS ON
LEBANON
REFINERY
Beirut, Apr. 23. Lebanero The
Government aud the Iraq Petroleum Com- pany (British) have begun ne- Katiations here about the cam- pany's pipelines and refinery in the Lebanoll
Thai Decision
On Rice
Nangkok, Apr, 23.
The Thal Government today decided to halt rice export permits to private merchallis,
on
Recently, the Goyern- meat treitig shots official rice export commit- ments to foreign countries, 112.1 offered to private morchaista premila ollowing them to export one ton of ries for every four and a half tos ielivered to the
Government.
This measure enabled the Covershinent to gather Com of ice.- 100,000 France-Presse.
Indonesia Hint To America
Economic Policy Attacked
ΤΟ EXPAND TRADE
WITH SOUTH ASIA
Need For Raw Materials
Stressed By Trader
Singapore, Apr. 23.
Japanese firms are ready to embark on an extensive trade expan- sion policy in southeast Asia, according to Mr Takenosuke Kutsuzawa, a Japanese businessman who visited Singapore yesterday during a goodwill air tour of Malaya, Thailand, India and Indo-China.
Mr Kutsuzawa said: "Japan is going to start trade in a big way and she is almost ready to negotiate with southeast Asian countries on a bulk basis.
HONGKONG SHARE MARKET
(From Our Correspondent)
Djakarta, Apr. 23. The Indonesian Finance Minister said today he was Business done during this disappointed with the U.S.morning's session of the Stock Exchange amounted to $36.800. economic policy toward In Noon quotations and the morn donesia. He. hinted that ing's transactions:- Indonesin may step up its trade with Communist coun- tries.
Sumitro
Djojohadikusuumo bald it was dileult for Indo- the capital goods nesla to buy she needs in the United States. On the other hand, he added, Indonesian exporters of rubber and tin are suffering from United States-imposed Low prices.
"What good are the Economic Co-operation Administration or the Point Four Programme if we can't buy the goods we need in the United States and have trouble selling our products for reasonable prices?" the Minister asked.
+
SHARES BUYERS SELLERS SALES
DANKS
UK Bank .. 1373 1395 East Alu
INSURANCES
Uning
Underwriters
1K Fire Xo
เร่ง
743
4.43
142
supYING
Agla Nav-8 i-- - -
1,79
DOCKS, ETC.
K. What Xb
N. . Wharf 015 Dock XD... Providen!
C3
10.80
"THWARD"
"TAMMAN
"TSPONDOR"
"STRAAT
MAKASSAR?" TROTI.BLRGO "TJHLUWAIT' • "huva“ *OTSUKAMPAEK"
SAFLING ́S
Lanes
To
May 2nd Vingapore, `1) ja kartka,- ---Semarang,
Rurabais &- piacas
עבן1
Singapore, Penang & Iteinwan· Delt
Makarta. Thirebon, Semarang,
Kurabala di Macassar
Manita, Slaapore, Mauritius,
8. Africa & S. Anlörtea
...
Burabola. & Marászár
jakarta,
jakarta,
strąbala. & Macanar Manila.
Singapore,
S. ATA & 8. Amerlia
ki, Trebas, Semarang, surahaia Macassar
May
May 7th
时间
May
101h
Justnin
atay
19tft
Fingapore.
Djakarta:
Semarang,
3Bay 2400
Jaisal
May
270A
Tilrehou, auubala & Matastar
Seinatang.
•
TÄRMANU "TJWANGI"
-TEGELBERG"
**TJILONAS"
May
310
Japan
1
Junb
End
Ringapore,
Bemarang.
June 9th
Maiarities..
"TJILUWAR"
June {1}
Jund 10
**FJWANGI"
July 2nd
#TJITJALENGKA"
J153-
Cili
"TJIPANAS"
July
XELL
"TJITONDOK“
July
Beja
July
PIK
“STRAAT BOENDA" July “TJHLUWAU"
Auth
Japan
July 160)
July Pati
AUE. 2nd
Aug. 9th
"RUTS"
*NOISSEVAIN” *TJIWANG?"
"STRAAT BANKA"
"TJITJALENGKA"
"Japan needs all the raw materials obtainable in this region, especially tin, rubber, iron ore, bauxite and local produce. In return she can supply in large quantities cement, paper, chemicals, | TIWANGI" canned goods, steel products and non-ferrous nietals."
He said that the general opinion in Japan was that it wis umeccacary at the present (me ter Japanese firms to have branches in Malaya,
There was also the diflculty of entry into Malays of Japanese Surinessmen umil afte: ratificatici of this peace treaty with Britan, he added.
the
The move to continue the present trade arrangement with Japan is designed to give the Philippine Senate enough time to tuke aetion on treaty rati- Alcation and prevent complete paralysis of trade between the twn countries.
It was gathered that Japanese Government was ie-
“TEGELBERG”
"EASTWAY"
"TJILIWAIN
Aug. Juk
Singapore, 13jakarta, Semarang.
Surabula & Maraisar
ingapore, ijakarta, Semarang.
Aŭrabala 2", Macausar
Japan
Manila.
Singapore, E.. Africa
•
Penang
砧
DJakarta, Tjirebon, Semarang,
Nurabala Machar
Manila.
Singapore, Mauritius,
5. Ablea & S. Amytra
Blagajóre, Djakarta, Semarang,
Hirabals & Macassar
Japan
SIgUpDre, Djakarta, Sembraut,
Narabala & Macassar
Manila,
Singapore, Maurkitux,
8. Africa & 8. Amertra Singapore,
Jakarta, Senarauz
Surabala & atacassay
ARRIVALS
Apr. 2aflı
May
SIN
May 14th May 12th
From
Marassar, Surabala, Remarang.
Djakarta & Singapora
8. America, S. Afries, Maurtikus,
singajozė, Diakens & Manila Djakarta, Belawan Deli & Singapore Macassar, Kurabata, Bemarang.
Djakärts & Hingapore
General Agents.
HOLLAND EAST ASIA LINE
MAILING TO EUROFE
"AAGTEKLBK" "BIJTAR" "ARMREIK“
the proposed exten-KIELDRECIST" M: Kutzuzawa said more arms i replive to would like to send representa, i sion of the trade arrangement. lives on an inspection tour be- 2018 fore thinking of resptaing their
branchen
Mr Kutsuzawa represents the Kinsho Trading Company,
che
Meanwhile, Mr Elizalde is due
to appear again this afternoon before the Senate Foreign Rein-
May 10tli
Just
#th
1ly
100
Aug.
7th
Sall
Artiven
SAILING FROM EUROPE
Koilerdam
*Hongkong
་
Sauru
Apr.
Mili
Slay
14th
Apr.
29th
J167239
FL
May
2814
Inty
4th
July
2nd
Ave.
7th
SUE.
2nd
Кере
28015 TO
tions Committee to urge ratifiea= { "AAGTEKERK" tion of the Japanese
of the new companies of the treaty.-France-Presse. Mitsubishi Trading Company.--
Reuter
TRADE WITH FRANCE
Tokyo, Apr. 23.
Japan and France exchanges
notes today regarding a trade
11.00 13 see a 11.60 programme for the 1952 caten- Wheelock 1311⁄2 445 100
dar year, Kyudo News Agency reported.
LAND, ETC.
HK mel
7.50
the for
1K Lond .. {Rts) S'hai Land
43
10 10.75
1.48 1:55 2000
Iron
Humpineya
17
UTILITIES
He was commenting on
here widespread interest
with trade stepped-up Curipin countries following the recent Soviet-sponsored Interna- tional Ecoronie Conference Moscow.
The Finance Minister refused to commit himself on the possi- bililies of business with Com-
had until he munist States studied a full report from the Indonesian delegation to Mos cow.
But, he said, under In- donesia's independent foreign policy. there is no bar to in- donesin trade with the Soviet Union and her catellites,
Tra....... 15.78
parez-
proposed Under the ment, Japan would import on estimated $41,000,000 worth of the French Union is goods from
$5,000,000 and would export
worth. Excess imports are in-
ed at making up for the inveur-
prate
Washington
Stand On
Tin Price
Washington, Apr. 23. The Reconstruction Fin- ance Corporation Adminis-
18 10 e 1390 able balance of more than $10,-trator, Harry A. McDonald,
000,000 Japan enjoyed in trude with the French last year.
considers $1.21% a pound for Rolivian tin a fair price.
Chief products to be purchaser
He told a news conference the Japanese are salt 14 by
yesterday that the United fertilisers, coul, rlvę, nickel ore States was ready to make
Bolivian to the Japan would and scrup iron. send the French Union sille and formal offer other textiles, tea and agricul-egotiators on April 9, the day A revclution unseated President Fural products, pearls, minerals, Hugo Balliviun.. The offer was 10.40 500 13.50 morhinery and parts.-Associat- not made.
ed Prces.
C. Lig (8)
XD Electrie Telephone
XU
INDUSTRIALS
0.20
5.20 5.43 Su.30 20 bu
....14.40
Cement 14.20 STORES, ETC.
Watson (R) 12 1.. Crawford
331%
COTTONS
Ewo
Daly
1- MISCELLANEOUS In- Yangtze
The United States last month agreed to buy tin from Conesia at $1.18 a pound. donesian negotiators had been holding out for $1.25 a puund. Associated Press,
Japanese To
Join The World Bank
Washington, Apr. 23. Authoritative sourers said to- day that Japan will be emitted Bank within the International Monetary Fund and World
The Government is asking for increused transit royalties Un the oil which the company four to six weeks. rends through its two pipelines from Iraq to Tripoli.
2.70 2000 3.00
5
Cotton Price Ceilings May Be Lifted
Washington, Apr. 23.
Prica calms may be led on cotton and all types of textiles and clothing within a couple of weeks.
TOKYO WARNING
relations
Takyo, Apr. 23. Trade
between Japan and the Philippines wilt break up if the Japanese peace treaty goes into effect on April the 28 without ratification by Philippine Government, the For eign Ofice said today."
“ELITAN" "ALMKERK"
"ABENDSKENK" "KIELDRECHT"
KINGS
MECH
MAERSK LINE.
FAST FORTNIGHTLY, SERVICE TO
NEW YORK, BOSTON, BALTIMORE & PHILADELPHYA vi SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
wering erities who charged Ang that RFC's tin price policy had much to do with the revelation, Mr McDonald Keld 11e Was more likely to
agree with the new President who said Saturday it was a miétake to imparse with the think the United Stries was the cause of the revolt.
M.S.
"SALLY MAERSK"
M.S.
"LEXA MAERSK”
M.S.
"LAURA MAERSK"
on
M.S.
"LAURA MAERSK”
M.S.
"LEISE MAERSK"
M.S.
"GRETE MAERSK"
ed
Nagellations have bran paralys- here since the three-day Meanwhile, the Foreign Ex-revolution swept Victor Paz chatige
Control. Committee Ostenesoro into the Presidency. warned the Japanese banks on April 21 to suspend issuance of letters of gredit involving trade with the Philippines for a while, greading to the Kyado News Ser-lations
Ricardo Martinez Vargas, whe headed the Boliviau negotiators, has rosigned us Ambassador to Washington and diplomatic re- between the
United been States and Bolivia have
leche Foreign Office said the automatically suspended.
Japanese Government proposals
to
extend the existing trade greenient to avoid the complete break had been made to the Manila Government last month. Price officials Indicated today However, no agreement has that they think that the prices ever been reached between the of most textiles and clothing are two Governments because the stabilized al levels for enough | Philippine Government is all below the legal levels to war keeping silence on the issue, the Tant suspension of the ceilings Foreign Office raid.
But they are still a bit wary nd-
The present Japan-Philippines cotton. It is selling only four to
rents it pound below trade agreement expiros live cellings and shows every indica April 28 when the Japanese tion of being a slangerous com peace treaternment is preparing
gees into force. modity in price in the next few months, the official said.
Japanese officials and dirou- tors of the Monetary Fund have They will also discuss the
for the terins company's Tripoli refinery.
An agreed on the
reined
there is mission, and it remains only to oll
secure the approval of the capacity is about 300,000 tons a
Board of Governors Fund's year-is conxunted locally and
which is certain. the Government is believed to want its output Increased,
Ri...
C.
The Lebanese Prune Minis- ter, Sam Bey El Sol, and three other Ministers are taking The part in the negotiations, Iraq Petroleum Company's repre- Jy Mr sentative Lawson, a senior executive,
Similor negotiations are 15 open soon in Damascus, where -a. 500 mile pipeline from the Kirkuk ollfields in Iraq end a a new oil town, Banias, on tie Syrian coast. This line is ex- pected to carry over 14,000,000 double tons annually-nearly the amount carried by the two pipeliner to Tripoll last year,
Mr H. G. Gibson, Managing- Directer of the Iraq Petroleum Company, and talks with Le- banese and Syrlan Government Ministers carly this month: Reuter.
quota in the The Japanese Fund will be $250,000,000; $50,- 000,000 will be payable in gold and the remainder in Yen. The Japanese quota in the world Bank will also be $250,000,000, of which two per cent is payable in gold.
action
it
of
#123
The measures to cope With 111 complete break of trade with The Philippines, though it is.cx- peeting seine reply from Manila before April 25, Kyodo sad.
steel, Japan exported
Negotiations had reached the.
The Boliviana point where knocked down their price de- mand from $1.50 a pound to $1,30
Mr McDonald says RFC by ready and willing to renew dis-
cussions as soon as the situation is straightened out,
Replying to an attack on the RFC by Senator Dennis Chavez,
New Mexico Democrat, in toll- nection with the Bolivian ti impasse, Mr McDonald cald he did not want to get into public
but I don't agree with hin." altercation with the Senator,
Associated Press.
The
LONDON MARKET
London, Apr. 23,
*
tin market waa very
It ceilings are suspentied the have would probably little effect on the prices which consumers pay, officials sald.
The Office of Price Stablliso-machinery and textiles totalling steady this morning. Turnover to the Philippines was 80 tons, of which 35 tons tion Standards call for suspen- $30,878,000
only
the alon
OPS is last year and imported iron ore, were for casli. Prices closed at A high banking officiah raid convinced that selling prices Manila hemp and timber total- that Spain was expected to ap-would ant rise substantially, se ng $39,025,000,-- Associated
In the in result. If and when prices Press, ply for membership International Bank and Mone did rise near the ceilings the
and controls would go back. after Japan tary Fund Western Germany had been ad-
Price oMetals said that they
Manila, Apr. 23. mitted.
The Foreign Secretary, Joa- might suspend the ceilings on
M. Elizalde, this after The official said Spoln nlready textiles and apparel-including quin
show
interest cotton good without acting on con some
instructed by, overseas
lad
,
TO NEGOTIATE
in joining the Bink and Fund. raw cotton.. But this would be telephone Minister
would
JAPANESE BONDS be welcomed by both the Fund Exchange
Japanese
U.S. Banker's Tour
New York, Apr. 22. Mr Winthrop Aldrich, Choir- hidh of the Board of the Chase National Bank of New York, left by air for Paris today on The first leg of a six-week business tour of Europe He pinna to vlat London," Rone, Brussels and Amatordam. Consoli United Press.
bonds "A" (45.
$1
"B" (43.
H
"C" (5 "D" (3
of 1890) 83 of 1010) 00: of 1907) 220 of 1934):80
"E" (0145, of 1094) 180
60% ---United Freas.
ARRIVALS FROM U.S.A.
May 2 May 17 June
2
Apr. 28 May 13 June
7
For Freight and Further Particulars please apply to:-
AGENTS:
JERSEN
Pedder Building..
The Rubber
Markets
London, Apr. 23. Prices of rubber futures closed today as follows:-
Number 1 rubber,
in pence per 1, May
June
July/September
Detober/December January/March
& CO.
Tel: Nos. 36060-0.
FOREIGN EXCHANGES IN NY
Canmia
New York, Apr. 23.
US$ 100W
2.30-16/18 -243 bid
England-OMelat
unoMelal
**30-day, hituren
2.50 Anked
2.001;
31-32
314-32
303-31
2016
2016-2
United Pre
B-day futures
3.10%
Australia
2.34
New Zealand
2.8016.
South Africa
231
Belgium
020814
Singapore, Apr, 23.
Denmark
France
1453
4.20
6020-0/10
·SINGAPORE MARKET
Prices of rubber futures closed West Germans today as follows:-
.2034
0014 403
the end of the offelul "morning | Number 1 rubber, per ib. asian as follows:
•
May
Holland Tialy Norway 10335-109 Portugal
Spol tin, hyera
B031
Spot a seller
June July
107%-100%
D63)
Business done st
14332
Three-months fin, buyers Three-months tin, selfers Business done al Settlement
DIS
Number 2 rubber. May Number 3 rubber, May Number 4 rubber, May Apot rubber, unbaled.. Blanket crepe
106-107
Spain Sweden Switzerland
103-104- 100-101
Middle East
United Press,
100-10971 70-81 127-102 -Uhlled Prem.
Egypt
Iran гас
1082
03173 2.At
Turkey
AST5
JOEO P.
RFC Abolition
| Latin - America
on
COTTON IN NY. Argentina
0635
Proposed
No. 1 pale crezio
lewer.
and admission of Germany and dificult and probably would Melencio to negotiate with the Japan as member of these two being an outery, of protest from Japanere Government for
Bruzi bodies was expected to make cotton State, Congressmen 'who
nolivia prosent SCAP-Philippine $100,- the Spanish Government
con-have been urging de-control ad interim continuation of the
New York, Apr. 23.
Chile sider the possibility of an early United Press.
100,000
mant watil
Cotton futures opened 20 Colombla agreement application more favourably.
Jame 30.
eonts a bric higher to 15 cents Cuba Washington, Apr. 23, uly, Mr. Elizalde Simultaneously,
The Senate today approved n Spanish membership
Rates around that the Philippins proposal for abolition of the
May Bilsalon in Tokyo will retain its Reconstruction Finance Corpora present status even after
er the tion by: 42 vetes to St and sent July Japanese pence treaty comes the
proposal
to the falso. for October
December hito forests per the arrange-approval.
March Congresi eireles bolive that
May mont approved by the Japaneso 1603 Goverment which Mr Molencia even als va'zi by the Hare.
300fantmitted to Mr Elizalde in the proposal would be ve'oed by July
the course of the telephone con President Trumani Franco- October Prese. 17.28 vertation;
and the Bank, he said, and It would be another important step
in regard to Spanish co-operation with international groups.
Durinces was done in the local this unoniria exchange. market morning at the following rates:-- He pointed out that once US dollar (par ($1) 3.5041 Spain had joined the Bank she. Sterling, nota (per ci)
Indonesia kulideri iper f00) would be entitled to request jam ticals (per 100) lontis for long-range developingapore (Straite) ment purposes--United Prema, I pinaires. (per 100)
21.50
Mexico
- l'eru...
40,16-10 30,50-52 36.70
Unguny Venezuela
Far. Eant Intila
36.20
Pakinian
2110 3030,
30.01
Hongkong
Indonesia
2018
35.03.bid Singapore
.3300
34.30 Asociated Press.
Japan
300
-United Prod
30.18...
to Ulja