MESSAGERIES Y MARITIMES US Imposition Of Protective Royal Interograx Lives
M&M
"LARE, MICHIGAN"
"I HAKEIM"
"BEAUVAIS"
"FELIX ROUSSEL"
"LANE MICHIGAN"
Arriving Leaving
..Alay
June
14
May 13 May 21
1 June
May
Outward For
A
Japan
June 21 Japan
May 20 May 23
June
·
Homeward For
N. Mrica & Euroße Mararikes a Manta
5 N. Africk & Europt
Genon, t freight for Saigon, Alexandria, Tunis,
Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterrancan ports viu Marseilles,
Madagascar by Transhipment in Saigon or Djibouti Subject To Change Without Notice.
CIE DES MESSAGEries maritimES P.O. Box 53, Hongkong
Queen's Building (gr. Bloor) Tel. 26051 (3 linea).
EVERETT
ELINES
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.
"REBEVERETT”.
Afrives May 7 from Singapore. -Salls
May 8
for Japan.
"BRADEVERETT"
Arrives May 12 from Manila. Sail
May 13 for Singapore, Penang, Calcutta. & Rangoon
EVERETT STAR LINE
Fast cargo and refrigeration spaces available for Korea, Japan, China, Philippines, Indo. Malaya, Ceylon, West Coast China, Siam,
Indian and Persian Gulf Ports:
FIRST CLASS PASSENGER ACCOMMODATION
M.S. "THAN
Loading May 19
Sailing May 20
for Singapore, Madras, Colombo, Rombay, Kara- chi Si Persian Gulf Ports.
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephone 31206. Chinese Department: Telephone 28293.
OFFICES AT TOKYO-YOKOHAMA-KOBE-OSAKA SEOUL-PUSAN
FOREIGN
EXCHANGES
Cenada
IN N.Y.
Lngital
Australia
New Zealand South Africa Belgium Denmark Frant
West Germany
Italy
Norway
Portugal
Spain
Sweden
Swizerland
Hella
New York. Apr. 99
...USLY
HONGKONG SHARE MARKET
(From Our Correspondeat)
Business showed on improve- the Stock Exchange this matning, trading during the MEDING SOon totaling $293,- quotations and 918.10. Noen
251 but/ 2.54 asked me on
2.79%
HO!
The morning's transaction-
HARES BUYERS SELLEUS SALES
20 1383
INSURÁLDES
Vajon
HK Fire XD 110
SHIPPING
uromelal
33-day futur
0-day futurres
2812
01032
155
BANKS
D-4/10
11K HA...
178 1399
4.20
kan Al
743
2637
|
,0010
Cantoor
240
1405
743
natu
240414245
DRIN
DOK
2311
Asta Nit
MIDDLE EAST
15. Whert
2.86%
03125
2.81
.5375
Shal Dock
LAND, WTC.
2835
,0300
1 Land
4023
11 Land (RIS)
1.00
NEGAL
Iroq
Turkey
LATIN AMERICA
Argentina
Brazil
Bolivia
Chile Colombia Cubn
Mexico
Peru
Unilguay
Venezuels
FAR EAST
India
Pakistan Hongkong Indonesto Bingepure Jean
Waterbrat XD
DOCKS, ETC.
11.50
Pl. Wait? a.co
Dock XD..
Provident ... 11.00
1.28
DJ
Wherlock... 411⁄2 4214
*1400 e 10,10
IR Hotel. 7.70 1.80 4300 ₫ 7.30
1x Land (h) 40
S'hu: Land
Humphreys .. UTILITIES
Trom
43
500 7.75
103 @ 4015
1.35 3.40 40306 1375 4020 6 1 373
15.70 15.83 404 4 20.00
Peak Tram (D) Peak Tram (N) 12%
Star Ferry
.2130
C. Light (0)
.2030
.1760
3013
3300
350 yen a 15$1
-Unlled Fress. *
LONDON TIN
MARKET
'The tin
Lepdon, Apr. 29. market was steady
this morning en
Light (N) 5.50
Electric
Mycen Electric Telephone INDUSTRIALS STONES, ETC.
Dairy Watson
20.70
14,70
10
0,40 300 0.30
500 G B40
300 68,35
238.30
500 e 9.40
ar 800 « 2040
-150 300 @ 20.53
1
1920 14.00 14,70 1225 $45
21.70 22.50 125 ♫ 02.30
1000
: Waison (R) 1. Crewford.
a turnover of COTTONS
Go tons of which 40 tons were
close at the
2.45
2030 2.40
amelst moming JAPANESE BONDS
for cath, Prices
end of the
sassion as follows:-
spat tin, bavors
2041
Spot in dilera
Tsinosa dono at
BIGAS-DOS
Three nonins fin, zellers
Business done at
Satilament
Zuhiida Fross..
Three-monds, tin, buyers DOT
GB7
DOI:
London, Apr, 20,
Japanere Bands
WA" (4%, of 1809)
"11", 142, në 1010).
(5 of 1007) "D" 5. of 1034) "E" (5%, of 1954) Consoli
n8
Vietnam Trade
Balance
Szigon, Apr. 23,
An unfavourable balance
of 494,000,000 Indo-Chinese plastres was shown in the forekt ie of Vietnam
1032 -for January,
unly 120,000,000 Againet plastres la the same month
According
L
in 1951,
મ
cfatties related by
the
vid
Victuamere Culoms Eelso Departmirut.
Experis fel the month totalled 230,600,000 plastres, o about the same as lu Jauntry, 1951. Imporis, however, reached $34,000.- 090 plásties as colupared with 280,000,000 piastres
the correspondilly month In the previous year. -France-Parser.
Increased
Competition From Japan
U.S. EXPECTATION
New York, Apr. 29, American businessmen expect Japanese trade com- petition to mount now that she is free again.
Tariffs Presents A Problem For Britain
Liverpool, Apr. 22.
Fears expressed by manufacturers in this country that successes in the U.S. dollar market are being restricted by the granting of protection, to American manufacturers were further emphasised last week-end when the Board of Trade issued details of a memorandum on the subject which had been presented by the British Embassy in Washington to the US. State Department.
The memorandum recalled that in recent months there had been a disturbing increase in the number of applications for relief under section 6 of the Trade Agreements Extension Act of 1951.
Among those which directly affected important United Kingdom export trade were those relating to motor-błcycles and paris, bicycles and paris, certain china- ware, tobacco pipes and wood screws.
It continued: These cases and -pared to do business they have others which affect the United only to approach these merchants the United Kingdom less, are
the or, if they prefer, ot state of investigation or hearing. Kingdom Government through Recommendations have not yet official channels. been made by the Tariff Com-
mission.
It is obviously premi- ture to assume that relief will be granted in the cases now under review, but in the light of the
decisions reached in respect of fur felt hats and hat- ters fur, there are
At the moment, China has not or equal in Britain the same standing as the U.S.B.R., which has its embassy, consulate and
mission ofcially special trade
as a trade channel. recognised
therefore,
be might China, obviously
excused for seizing upon the grounds for anxiety, and it may,
conference IS Rn
therefore, not be too early to bring the following considera- tion to the attention of the State Department.
fecting the pinch as Japanese domes ch being among the
the last war a
Kreat
Moscow
occasion of doing business with
and Western generally, but there is no exeuse lis
saries,
ACID TEST
Japanese Motor-Car Industry
HELP FROM THE GOVERNMENT
cars.
BAILINU 9
"TJIWANDI Sth May maghianduty; tjakarta......... mešatART.
"TASMAN"
TIFONDOR"
"STRAAT
MAKASSAR" "TEGELBERG" "TJELUWAR'
"BUY"
Bay 7000 7310
May i
May 1911: May 16t
Hurabala & Marker Ringapore, Penang & Belawan Ba DIRKA Tiirebon, Remaratis.
Bursala Macassar
Mauritius, Bingapore,
8. Africa B. America
Japan Vingapore,
"Silabala &" MacaMar --
Semarang,
May 26th
Japad
"TRAMPSEK”
May
th
・製
Titrebon, bainatang,
Butabilk & Mutassár
Atay st
Jund
and
TASMAN "THWANGI" "KAKTWAY! "TEGELBENo" "TsibdbAR"
TJHUWAIP*
↑ "IJTJALENGKA"
DT) WANUF
ATIANAS
TJIVONDOK"
June JIM via
Juins 1341
June 18th
June 25th
July 2nd
July 8th
July BID
July 5th
"STRAAT SOENDA"
July 11th
"TJILIWAB"
any
için
"ndisskVAIN"
July
***TJIWANGJ**
ag. zhd
"STRAAT BANKA" Aug. 8th
Aug. 14th
"BUYS"
--TJITJALENGKA"
Jaban Singapore,
Bijakarta, Nostang,
Burable & Markiser Singapore, Penang & Delawan Deli
Singapore, Mauritan
Semarang,
8. Aftica à 8. Rineriča Djakarta
Tilerboh Burubala Kinethiar Singapore, Djakarta, Remarang,
Burakala & Macasier
·Japan,....
Bingapor DJakarta, Semarang,
surabila & Macassar Marista,
Mlógapore. Penang 2,4 8, Africa
DJakarta, Tjirebon, Semarang,
Burabala & Macassar
Japan
Manila, Ringapore Mauritius,
3. Africa & 8. Aikèflea
singapore, Djakästä. Heinaránk,
Aurabala & Macassar
Japan
Singapore,
Djakaria,
Burchak & Macoltár
Manila, Singapore,
Bemutat
Maurits,
8. Africa 28. America Singapore. Djakarta, Bemarang.
"Sürabala & Marnasar
ARRIVALS
Japan Japan
From
| "TJIWANG).
"TABMAN"
tay Ath #TJIFONDOK”-
6th TEGELBERG“ 190 Viny den
"STRAAT
· ·ÁŚត Port
5. Amerlen, B. Atzira,
Singbore, Djakarta
BEAUTILIITY,
* Manila
MAKASSAR"
A
alay
9th
Japan
General Agents.
HOLLAND EAST ASIA LINE
SAILING TO EUROPE
“NIELURECHT" -
May
"AAGTEKERN”. "LITAN"
tuna
uly. 3
"ALMKENK"
AUE.
Halle Rotterdam
Arrives Hongkong
Bailed
Apr.
Mny 14th
Apr. 2910
June
7th
May
28th
4476
July
Fdd
Apr.
7th
Aug.
2nd
Bept, Th
ዶር-
"AAGTEKERK“. MELITAN
"ALMKERK"
Japanese technical standards were lowered by the war and considerable improvement in the technical field of passenger car production is a necessity.
ARENDSKERK" "KIELDNECHT"
Tokyo, Apr. 29. for the U.S.S.R. ignoring the The International Trade NO EASY TASK
organisation recognised by
counterparts in and Industry Ministry is to Western other The United States market has Britain, with
European give all possible aid to the
fulse never been an easy one for the countries, and giving
im-Japanese motor-car indus- Occupied Japan was already
goods of other countries, says the popularity
fleeting and making great strides toward re-
Live poal Journal of Commerce, portance to a handful of people try In its campaign to at- SAILING FROM EUROPE Large as it is, it is extremely "propaganded" into trade mis- tract foreign capital, englicing her old trading past-
was well supplied in most cares by Lion Britain particularly
cording to the Jijt Press. who pride producers
will also help textiles
inctal products and
The Ministry moved into markets the British must efficient in the world. Since But before, any thought of to raise the technical level of like to supply.
deal of trade can be envisaged-despite Japanese manufacture of pussen- As Japanese trade grows with chart has been expended, both the prospects offered-one con- ger me
ent of the United dillah should be an appeal to Indonesia, by the Government of India, Pakistan and
by the
the all the Boviet-Bloe countries, The depressed British-textile-in-Kingdom and interd dustry will have a stull, harder United States Administration, to parllestarly Chilin And Russia, Nor will persuado exporters in the United that trade, other than approved Aght to keep going.
to cultivate the United barter, is incolpatible with the U.S. textile exporters like it, Kingdom to
States market. It has appeared, continuation of the war in Korea
The Ministry expec:3, as a been
The with-
:esult of its decision to aid the Japoneze gods have
both in the United Kingdom and and Indo-China.
IDICES drawal of Communist maving into the United States
to the
ແ
States Govern would be the acid United
test of the industry, that the Foreigh
Commission Investment
will in incitesing quantities as she
ments, that it was essential, for rebuilt her
ta industries during
economic and political sincerity of both to carry on grant priority to this. Industry the occupation. Much of this repsubs, that the dependence of trade with Western Europe and in authorising the entry of
oľ Japan's regrowth
world
the United Kingdom on externai with all that the United Nations foreign capital into the industry. trade was fostered by occupa-
ald should be ended as rapidly felt inclined even to give official represent, China has not so fur Tell lic policies aimed at getting as possible.
status to our representatives in her back on her financial feer
Peking, a recognition Which and less of a fiscal burden to
would be but a single small step, the United States.
and a beginning of a closer trade and political tie linking China with the rest of the commercial world.
But American businessmen complained at the com- have petition offered in many lines metal producks, gloves, pottery, loys and textiles.
Complaints have stressed the inability of American maunfor- turers to compete in price with Japaniete goods made by workmen whose pay scales arc much lower. And some one Ame: lean manufacturers have of The quality charge that Japantes gonds was futor to American items, making price competition still more enz-sided.
30
TRADE DRIVE
The Japanese appear all set lop new trade drive,
It has long been clear that de- plorable restrictions on inter- national-trade could be avoided only If the United Kingdom were able.
greatly to increase its dollar earnings. It has been clear, also, that the power of the United
Lord Boyd-Orr, who led the Kingdom to be an effective ally,
bath:
-militurity and British delegates to Moscow, has storically, was threatened by ben busily occupied approaching of commerce in this the difficulty in balancing its chambers externul,
The Manchester its country.
Chamber of Commerce, prompted no doubt by a sincere desire to effect busines
in the various categories of textiles which are to send a ceble, inquiring for with it, wae induced for details, to the "China Natio
National Import-Export Con
Corporation"
and particularly
dollar, account.
In earning dollars, the United Kingdom, more perhaps than any
must
rely on
associated
the Soviet zone of Berlin. If had been in existence before the Moscow conference, carrying on
other country.
in the United increasing sales States of manufactured goods in direct competition with United States industry. British manu- facturers cha exporters, in spite of the temptation uf higher profits in caster markets, have responded to amces
to the challenge. They onal trade between Com- have neither sought nor been munist China and Soviet Europe, have approached us given assistance which would could render "unfair the competition many months ago. Lord Boyd-
Orr may have felt United States they offer the
Justified in acting as he hay producers, and such success 25 they have had has been hard done, but by now it is hoped that he has convinced. himself that recognized trade channels are best,
won.
of
any
it
has beriz authorised to invest in the Japanese eat industry Kaiser-Frazer, which recently fermed
Only one foreign car producer
jolnit Arm with East Japan Heavy Industries under the name of East Japan-Kaiser Frazer Company.
саг
However, negotiations are re- ported to be under way for u
e-up between Japanese makers and American
and European cat
manufacturers. The Isuzu Automobile Com- with pany
is Chryster Motors, :
the Tayotn Automobile Company with the Ford Company, Nissan Auto-
Company with Renault and the mobile Company with Geneen! Motors, Koroku, Kikan Kogyo
Tama Automobile Company with Fit-France-Presse.
Cotton Price
himself In New York
OVERSEA OUTLETS
Guilets overscha
New York, Apr. 29. Prices of cotton futures elused today as follows:-
30.55 hamthal
30.70
30.10 400,16
30.30
Shot
May
the July up in the needed.
October
December March (1033)
30.00 -35.00
Aty Jus
Cetober
NEW ORLEANS
July
of Japanes Consulates opened as the peace treaties were but into effect. American exporters and importers were urged to contact the Consuls for commercial information.
Tokyo's
London envoy to started the ball toiling for a new MOUNTING EVIDENCE irado treaty. He said competi- They are perturbed by the Hon for world markets would bo mounting evidence that shasp between his country and marked success in selling their Britain, but prchased that the goods in the United States will merchandlie piling
fair. in Japanese would keep
Countered by applications country are certainly The Bush on several oceanicus from United States industry for Moat of the countries bound with since the end of the fighting further protection and the tear us to the E sterling are, like have charged the Japanese wilh
that some. at least, these ap- ouridives, cutting imports, with dumping goods at unfair price plications may be granted. This the result that it seems incon Sput to capture markets from British festing is not confined to the gruous to look to them for a May
trades traders.
which
applications return to recent trading con- in
October have already been made, but is dition, ie, la conditions txing Dicember all beer The battle has not
widespread, so that it be when the first cuts in our imports, March (1032) Japense
whether, wh texts. The
whatever their source, were im- Over
question have been exporting eletrical come
prove to be posed. But Canada, our big Ink and light should the fears appilances, heavy
United Kingdom in the Commonwealth, has im- metad justified, the machinery and ether
keen is 50 effort to pay its way by earning posed no such cuts. products,
fore, she on helping us to find, the The British have been rind, dollars on
Should necessary delints that she basis can be however, to get come steel from
policies of proposing to plece sub-contracts Japan to help make up the Brl- | it fall, the
goods tich shorloge. Japan's shipment the United States as well as of of
the United Kingdom would be substantial amounts. of 100,000 tons of steel to Bri-
So great has been Canada's in- tain is smal compered to the frustrated, and the ability of the
Kingdom
is .lo play
dustrial progress that the is ac- American pledge to thip 1,000,- United
in the Western tively competing with domestic 000 tens of the scarce metal, but necessary part
United Sintos, Japur is offering to send more, alliance would be weakened. and the British need it.
It might perhaps be helptul, producers
the but she has several tommodities and certainly do ho bdrm,
which she thust export SHIPBUILDING
Board of Trade were again to countries other than the United emphasise the recognized Bates, agricultural and forestry Japanese ship lines are re- building, too, During the first channels through whith Soviet products particularly, if we and
៨៧៧
the sterling artia Commonwealth quarter of this year, the Ameri-Russia
countries won't trade with Her, then Canada must look to herself and schul her exports, and as a corollary buy her imports, else where.
Four of those freighters were built in Japanese shipyards..
Before Pearl Harbour, Japan was one of the leading shipping aations.
and China tan,
rearmsment
In
for
TAIWAN DOLLAR
May
July
October
Exchange
35.03
25.37 W
35.40
24.05 Bhi Untied. Pres.
MARKET
40
03.02 ko
33.07
35.93 Did
35,70 alej 35.33 tra
34.02 bid
limited Press,
Rates
A
- Business war - done in the dočkī uncletal exchonių. unarket LAJA mentre at the following rates:m UG. dollar (per (1)
0.315
Sterling nato (par. Cl)
15.00
Indonezia egliders iner I..
3,04
Siam ticals: (per 100)
20.03
Cine (Olrzts)
1.745
FIC plastres (per, 1001
MAERSK LINE
FAST FORTNIGHTLY BERVICE TOI
NEW YORK, BOSTON, BALTBIURE & PHILADELPHIA Via SAN FRANCISCO, LOS ANGELES AND ÞANAMA:
NEXT SAILINGS
M.S. "SALLY MAERSK” .......... M.S. "LEXA MAERSK”
M.S. "LAURA MAERSK
May 2 May 18 June
2
ARRIVALS FROM U.S.A. LAURA MAERSK”. M.S. "LEISE MAERSK”
May
May
M.8. "GRETE MAERSK”
June
M.S.
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building.
Tel: Nos. 38086-9.
Eastern & Australian S.S. Co., Ltd.
S.S. "NANKIN"
direct for
- PORT MORESBY, BRISBANE, SYDNEY,
DUNEDIN, LYTTLETON, AUCKLAND,
7th May.
8th May,
LOADING 6th `· SAILING
For Freight and Particulars please apply
MACKINNON, MACKENZIE & CỔ.
OF HONG KONG LTD.
Agents.
Telephone: 27721-4,
Em Pacific Far East Live, Juer
Fact Regular Trans-Pacifié Sorvita
DIRECT
SAN FRANcisco, Los ANGELES.
can Bureau of Shipping reports, should, make their approaches Jamese took 14 of the 10 mer- to Britain for any expansion of unofficial The recent trade. chant ships completed in ship-
negotiations of trade agreements yarns around the world..
in Moscow were not lacking in enthusiasm but
but their discretion leaves much to be desired. Such agreement must, in the long run, be put through British oila! channels, irrespective of the tom
Tatpel, Apr. 20. parary or permanent abodes of
The unmetal exchange rate the Chinese trade missions.
VELUI FAR EAST MERCHANTS
of the Taiwan dollar recorded
considerable glin földwing | V. J. LAEKENDACII” Д matter of fact, the
of the Bho Chinese already have been the clahing
by
Pelet commended
Japanese peace treaty yester-CONTEST of the day.
HAWAII BEAR" Thorneycroft, President
of
In Tokyo.. legislation is being considered which would permit formation
of associations exporters to build nailon's foreign trade.
thu up
And Japanese have just got orders from Chille for 20 locomo
lives.
This time
As
Mr
the Japanese are Board of Trade, to make their
OVERLAND
NEW, VORK,CHICAGO-DETROFT TORONTO MONTHEAD AND ALL AMERICAN & CANADIAN CITIER
Guam, atarinas Islands, Microhestan Islands →→ Rekular Servies direct or with transhipment.
I
The black market quotation with Watt- BÈÂÏ
not out just to sell knick-khacks approaches, for any expansion of 1301 to small shops. They want to trade to the merchants of Hong, firmed up to Talwan $21.00-22.00 be a major industrial nailon,kong and Shanghai who have for US$1.00 us against the re- exporting their products overy-beon active in looking for such cent months average of Tal- won $20.00, France-Presse, trade. If the Chinese are pre- wiraro Associated Press,
D1
245
4016
Laitod 2in2264/
From
Straits
San Franciien Boh Fraholico Manila
Arrived":
May...... May. 11 May 2
June
BALIK
Maya
May-12
May
Jutih '7
For
Ban Francisco, & Los Angeles.
via icabe Ban Francisco &. Lus Augėles
| Pelishg. Singpsoru. & Manila,
|| San, Francjicu di Los Angeles
Via Japan
For full particolare call United States' Lines Co. General Agents, Queen's Building, Tel: 28100,