MESSAGERIES
M
"DOCTEUR YESIN”
"BIR HAKEIM"
*“BEAUVAIS"
"FELIX BOUSSEL"
MARITIMES
Arriving LeaTİNE
... art May
Jun 18
June 27
May 15 Muy
May 20
"LAKE MICHIGAN" ........Jene
May 23
M
Outward For
Halgod JADAN
Homeward For
N. Affies & Buröse Matrelila via Stantia
Jime * N. Africa & Europe
Genoa, Marseilles, Algiers, Oran, Tangler, Casablanch, Havre. Dunkirk, Antwerp, Rotterdum & all Mediterranean ports via Marseilles.
t freight for Saigon, Alexandria, Tunis,
Madagascar by Transhipment in Saigon or Djibouti
Bubject To Change WW?but 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, Slam. Malaya and East Coast Indian Ports.
"BRADEVERETT” ·
Arrives May 14 from Manila. Salla
May 15 for Singapore, Penang, Calcutta. Rangoon &
"NOREVERETT"
Arrives May 28 from Singapore.
May 29 for Japan. Sails
EVERETT STAR LINE
Fast cargo and refrigeration spaces available for Korea, Japan, China, Philippines, Indo- China, Siam,Malaya, Ceylon, West Coast Indian and Persian Gulf Ports.
FIRST CLASS PASSENGER ACCOMMODATION M.S. “NORDSTJERNAN"
Loading May 13
Sailing May 14 for Singapore, Bombay, Karachi & Persian Gulf Ports.
M.S. "THAI”
Loading May 19 Sailing May 20
for Singapore, Madras, Colombo, Bombay, Kara- chi & Persian Gulf Ports.
EVERETT STEAMSHIP CORPORATION S/A Queen's Building. Telephone 31206. Chinese Department: Telephono 28293.
OFFICES AT TOKYO-YOKOHAMA-KOBE-OSAKA SEOUL-PUSAN
BEND LINE
10 AND FREM DE FAR EAST
FAST SERVICE
TO UNITED KINGDOM AND CONTINENT
"BENLEDI"
Loading Hongkong 15th and 16th May
DIRECT TO SINGAPORE THENCE
LIVERPOOL, DUBLIN AND. HAMBURG.
W. R. LOXLEY & CO., (CHINA) LTD.
York Building.
Tel. 84166 & 38710.
Eastern & Australian S.S. Co., Ltd.
S.S. "NANKIN”.
direct for
PORT MORESBY, BRISBANE, SYDNEY, DUNEDIN, LYTTLETON, AUCKLAND.
LOADING 12th MAY SAILING 13th MAY
For Freight and Partículars please apply MACKINNON, MACKENZIE & CO. OF HONG KONG LTD.
Agents.⠀⠀⠀
Telephone: 27721-4
THE CHINA MAIL, MONDAY, MAY 12, 1952.
ROAD TRANSPORT LEVY White Paper Reveals Government Plan
Cairo To Float Cotton Loan
Cairo, May 21.
A loan of 30,000,000 Egyptian pounds will be launched by the Egyptian
to Guvernment in Juno
linanco tha
catton new harvest,
The loan, which will be redeemable In six years, will bear interest of four per cent.--Franco-PressO,
Opposition Expressed By Trade Organisations
(FROM OUR OWN CORRESPONDENT)
London, May 11. Road haulage in Britain, which was nationalised by the Labour Government in 1947, is to be handed back to private enterprise. This is the main proposal of the Government's plan for reorganisation of inland transport which was published in a White Paper at the end of last week.
Broadly speaking the Government's plan is to revert to the con- ditions prevailing before the Transport Act of 1947 when road and rail
Revival transport competed freely one with the other.
In Spice Trading
ACTIVE MARKET-
At the same time, however, it has proposed certain measures to protect the railways from loas of revenue when this competition is revived.
First stage in the Government, sooner or later e passed on to plan will be to divide the Road the public in the form of higher Haulage Executives Undertaking, transport charges and this would
conflict with the totalling 40.000 vehicles. Into certainly "eparatable units" which will thenceonomic policy of a government be offered for sale to the pubile wiinsa avowed intention is to
down the coat of living. by open tender.
the now A stiff test awaits The vehicles were originally Required by the British Transport Minister of Transport, Mr A. T.
a cost of aboul Commission pt
Lennox-Boyd, whose task it will the Government's 280 million, of which some £30 bo to steer
keep dow
ment's
Salgon, May 11, Spices have always played million was pois for the good-Transport Bilt through the flouse
of Commons. an important role in inter- wins that goodwill has, in the He will not only have to over- national transactions but.;
of the White Paper, come the opposition of trade since the war, the volume words of this trade has decreased "substantially disappeared," It is organisations to the new levy thought unlikely that the under-
but piso
carry out the Govern- plan to sell the Rond considerably. Now,
how-taking can be sold at the price at Haulage Executives Undertaking ever, an upward trend has which it was bought.
Government therefore back to private hauliers in the -appeared-and_the_market
proposes that a levy, designed to-face-of-the-Socialiste threat to has become more active,
initially £4
£4 million a year, re-nationalise road transport if
on all road they regain power. Immediately after World War transport-with the single excep 11, prices skyrocketted with an
vans-to the result that the trade stilltion of local delivery
amortise the loss on the disposal
The
Would be raised
of years.
Part of the money raised by the levy will also be used to offset any loss of revenue suffored by the railways through the transfer
traffle to the roads. -MANAGEMENT-BYSTEM-
Demand For Gold Shares In London
brings important profits to proof the undertaking over a period ducer countries such as India and other Far Eastern States.
The consumer trade, which was formerly important, now
back seat and takes a
the canned Lood Industry has first place as the stepped into greatest user of spices.
Pepper and other spices are As far as the railways are today widely used in the canned concerned the Government does eanried sausages, four not propose any change from the products, bisculls
and
other present system of public owner- sociated industries.
ship. The proposed changes in
London, May 11. Before the war, the price for this important
of the section black pepper
on the London transport system are solely con-
The markets have looked market was one piastre 15 cents cerned with method of a bit silly this week.
the klio. White pepper was administration.
On the strength of a brief lull plastre 00 cents. Today black
One of the problems which the in political tensions in South
a
is
HONGKONG SHARE MARKET
(From Our Correspondant)
of
Only $118,344.80 worth shares changed hands on the Stock Exchange this morning. Noon quotations and the morn ing's transaction13
BÁNKA
fik Bank.
ROYAL
| "TJILUWAN"
“THKAMPER"
"RUYA" "TJJWANGI" SA -TEGELBENG"
--TJUODAS"
KARTWAY"
“TINLOW AIR"
"TASMAN
FEROCEAN LINES
SAILING-S
kay j
May
23
May 29
مذان في
June
བྷསྶ ཐཱས ༤ - ༡ au
June Ju-1
Jane 13
JAROS
Juho 23
"ŽAIRSALENÓKA“ JUND MTJIWANGI.
July
#TJIPONDOK"
"THPANAS"
"ALYS"
“TJILANTAIP
"TJIKAMPEK” ·
July
July
#
Inly A
July 18
"EASTWAY" "TJIWANGI"
July 23
July 27 Aug. E
Ang.
~TJITJALENGKA Aur. "TJILUWAM"
“T/IPONDOK”
YZWANEJ
AUK. 10
Aug. 21
? Rept.
"TJINODAS"
TEGELBERO" "THLUWAI”
**EUSE"
"TJIWANGI":
"TASMAN
To
Epithysporas. Bijakarta, ⠀ Kematanga
Mürannia 2" MACARAAD Ralgon, jakarta, Tiirebon, Hematang,
Nurabota & Macassar Japan
SEIRADYFE,
njakarta,
Karabala & Macassar MARIJA,
Semarang,
Singapore, Manziling,
8. Africa 2 H. Ainética njakarta. Tilreben, HrniDrang.
Brabala & karangay
Hingapore, Penang a Betawan: Beit Dinksita. Semarang, Singapore,
durabala & Maskar Singapore, Penang & Belawan' Dell Japans Singapore, Djakarta Semarang,
Eurobala i blacasiAZ Djakarta.
Penang
A
Tilrebon. Bemarang. Hurabala, & Msematar Stanija, Singapore,
&B. Azien Manila, Hingapore, Marlins,
B. Africa & 8, America- Singappie, Djakarta. Bemarang,
Djakaria, Titrebon, Beinarang,
Karbala & Macar
Surabala & Macassar Singapore, Penang & Nelawan Dell slugapore, ujakaria, MATARE.
Buratala & onwar
Djakarta. TJirebon, Semarang,
Hurabnia & Maenasar
Atalia, singapore. Mauritius,
B. Africa & 6. America Kingarfore,
Jakarta, Semarang.
Barabala Maenawar Jakarta, Tjirebon,- Semarang,
Burabals & Macassar Blugspore 11 Jakarta.
Bayarang.
Murahala & Macarsar
ARRIVAER
In Part
Atuy
12
Tay ZG
May
May 31
Starawar.
Front
Surabala,
Djakarta & Singapore
NOMATARRA
8. -Ämertea, 8. Äffles, Mamitus,
Singapore, Manila
Macassar, Furabala. Seinatang.
Djakarta & Siapore Penang. Belawan Doli & Singapore
General Agents,
HOLLAND EAST ASIA LINE
AKS JUYENS SELLEUS RALES
*SAILING TO EUROPE
“AAGTEKERK"
1400
1300
"ULITAN"
tai Aktu
140
INSURANCESS
"ALMKENK**
Union XD
240
"ARENDSKERK”
HK Fite
140
SHURING
.1 52!2
1300 1.575
"ELITAI
Kak Nay. DOCKS, ETC,
K. What
. Ft. Whzit Prev.dent Wheelock LAND, ETC.
HK flated S'hat Lend UTILITIES
Tram S-Ligat
41 4115
500 30
11⁄2 1000
15.99
10 100 15 3
21 1450 ## 20.00
, XD Electric.......... 29.60
Tellphone 14.70 15 1410 A 14.ED
14.70
INDUSHIALS
Cement
STCIES, ETC.
Dany Wulfon
1750
1979). 1850 1800 200 m, 10%
Crawford 33 3315 100 d 33
COTTONS
Ewa
........ 256 2.70
pepper is quoted at 67 plastres Government transport policy is Africa, speculators went on Slow Business designed to solve that of Info gold shares, hitherto con-
excessi #excessive centralisation." It spicuously avoided,
to do this by giving proposes greater
to autonomy
13 cents and white pepper at 60 plastres 04 cents. A year AD these quotations reached their maximum level of 82 plastres 50 cents and 133 plastres 28 cents, respectively.
Judging by the indices of ares closing prices, they lifted the managements in all matters market values of dividred-
נים by
In Textiles
except those relating to finance paying sharea by more than
⚫ New York, May 11. and rail charges which will re- tivo. per cent and these et
All the basic textile markels main the
of the
developing companies
les experienced another week of Unless Its an nine per cent the pubile games in and supports slow business. Buyers continued much them, their fack seems sub-10, have things pretty
their own way startal.
The cheer generated in cotton the re- reds in mid-avesk by covery in raw cotton prices and proposals to speed up govern- ment buying of textiles modified later.
INDIA IN LEAD Before the war, Indonesia Transporte
"The existence of these was the greatest exporter #710
areas," the White Paper India one of the
separate areas," the smallest.
"should encourage a healthy has gained the says, " Today Indis
Largely on the strength of Icad ond
for that rivalry between them and give pepper is country an important source of greater scope for initiative than Mr Churchill's proadcast last
under A dollars since the United States, is possible
single week, in which he told the with its vast canning industries, centralized administration."
country that he was determined At the same time the Transport to have the Conservatives stay purchases about two-thirds of
Commission
sion is to be given greater In the world's exports.
power for another three de latitude to vary its charges "so four years, interest in gilt-edged as to improve the ability of the developed but listed only three
days. railways to
India exports mainly black pepper whereas Indonesia was famous for both black and white pepper.
Today, the difference in the price between the two has become now it is much smaller since possible to turn black pepper inte the white variety,
|
forms of transport with other of the second batch of local
It will be permitted to raise or elections showed, like the arat, lower its charges within the that the Labour Party is gaining prescribed limits, reciting sub-heavily
from the sequent. approval Transport Tribunal
SAILING FROM EUROPE
"AAGTEKERK"
"ALMKEEK"
AKENDEKERK” "KIELDRECHT"
Zund
July
AUK.
Brot.
Balls
Rotterdain
Arrives
Hongkong
STRE
Suna
Salled
Apr.
*
Abr
Nay 2x
July
Jmy
Aug.
Aug. Вере
MAERSK LINE
FAST. FORTNIGHTLY SERVICE TO:
NEW YORK, DUSTON, BOS ANGELES AND PARABULAR SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
M.S. "LEXA MAERSK❞ M.S. M.S.
LAURA MAERBIC"
"LEISE MAERSK"
ARRIVALS FROM U.S.A.
M.S. "LEISE MAERSK” M.S. "GRETE MAERSK" M.S. "OLGA MAERSK"
AGENTS:
May 18 June June 17
2
May 14
June 6
June 17-
Cotton goods consumers said agencies buying cotton goods would not increase their over- all purchases but hereafter would strive to give preference
10 mills working on For Freight and Further Particulars please apply to:- awards reduced schedules.
Opinion Old Consols ended the week
was mixed on effect
of the Government's at 30 compared with 61%,
of credit controls pension The most active market was
but buying where ins'almer in Japanese bonds,
majority of observers reemed to selling had been quiet and por- feel that
CAIB. refrigerators. The May Day riots in Tokyo television sets and other dur- touched it off but the effect of able goods are likely to get con-
preference over that was only. transitory,
What seems to be influencing goods lines.--United Press,
zistent.
Africa, India and Japan are
NO INDICATION among the largest producers of The White Paper gives no in- red pepper. Ginger products from dication of how the Government Weil Africa and the West Indies proposes to raise the new levy on are now not so much in demand road transport. And it is equally sinee prices are sa low as to dis-
about the exact purpose to Vogue courage
production.-France-which the levy is to Presse...
To what extent it will be used to amortise the loss on the dishe przal of the Road Haulage Execu- lves Undertaking will not be known until the loss itself has been measured.
Idle Session
In Stocks
New York, May 10.
to be put.
market
is now
the beller that the Yoshida Govern- ment nigy be overthrown ment determined to replaced by another Govern- resume
savo
When that is known and the period of amarisation la deter-
from collapse. the retaining clement in mined.
the levy will be used to subsidise the railways.
that the roads attract
And this, says the White Paper, Stocks idled through one of need be increased only to the ex- the dullest Saturday sessions in tent years, with Insignificant price additional traffic and therefore changes and the lowest volume additional eamings from the
railways. in 24 years.
Hesitancy pending the General effect of these Suproms Cou; aleel seizure de proposals will, it is hoped, be to cision and the lure of Spring re-establish a measure of com- weather kept Wall Street-at-petition between road and rail in long-distance -journeys and tendance to a minimum
Ternover was 310,000 shares, therefore entourage ¿Melenty in
shares both compared with 380,000
ADVERSE REACTION last week. Of 654 issues traded, 342 advanced, 204 declined and The Government believes that unchanged. There as a result of these changes
alue were 12 new highs and
"rade cod industry will get a bot- new lows. Some olls had sharp fer service and the distribution of road and rail declines. Railroads were irregu- trafic between
by the dar. Malons lightly improved, will be determined. Bleels were fairly active.
advantage which cath has to Dow Jones averages at the offer to the trader " end of the session stood at Comment on Government's follows:
transport plan has not been entirely favourably.
208
30 industriale 10 Tax
15 ARAMES
bonds
04.5t
€9.20
$3.13
United Prytz.
Price Increase
In Britain
London, May 11,
sumer
the tu3- 013 The
apft
and Rubber Futures
In S'pore
trade with Red China and thus
the
country's economy
Singapore, May 10, Pricos of rubber futures With no hue and cry what- ever,
Tokyo Electriclly bonds Number rubber, per ib.
closed today as follows:-
pre-May Day price to have fallen from £170-their June £102. July
Number 3 rubber, Juna
JERSEN & CO.
Pedder Building.
Tel: Nos, 30OGG-9.
PATTISON ORIENT LINE
LIMITED
S.S. “LAURE PATTISON”
84 -04
B315-81
01-11
7716-701
7315-7112
81 -0416 03 -03 105-110
Due From:
Japan
In Port.
The 1007's fell from £183 to Number 2 rubber, June.. £133 and 1930's from £146 to Number rubber. June 2141.
Spat rubber, unbaled ... British industrials had a dull manket crop? week. Although this is the sea-No. 1 pale crepe son for all companies dividends
Unlied Press. oils had no strength.
Coppers lost ground and ru Exchange Rates
bers were weak-United Press,
Palm Export
Decrease
Washington, May. 11. The Department of Agricul-. tuto reported that Indonesian exports, of palm oil and . palm Kerncis during 1951 were 107," 108 and
of 10 per cent per gent from the
of palm all: to all.
facturers and Traders has pointed and four out that motor.
taxation now 1950 figures.
The Society of Motor Manly, fons, respective.
amounts to nearly £340 million
road transport eosły,
་
Exports
a year-ave. times the total destinations excepi. Singapore amolint to Le shent on roads
tils and Malaya decreased In 1951. year,
but dib, distansion pattern of The additional levy, it says, otports has changed in several cah dilly mean an addition to Netherlands continued to The British Road, Federation bothe Principal destination, "The Economist's fortnightly has expressed much the same with 60,307 tons. The United Index of wholesale prices, which view. Levyn dding" a rullway Sistas - become
system v la rather heavily weighted: for
virtually unchanged since largest
w24 21,025 the th Century, food, closed at 293,5 on:3lay 0, stultify it pays, "can ||toTY, BERIFEonly
the. Government's the compared with 124.0 a fortnight Intention Lo raise the overni ports to the United Kingdoin and Germany have 'dropped about 60 per conk,mi United, Press.
ago and 221,1 a year ago...
It is 18.3 per cent above the pre-Korean war figure of 180,0,— United Press:
efficiency of transport.ne Most abrious objection to how levy, however, is that It will
Sails For:
DIRECT Puann & Kobe May 14th.
Tel. 25346.
CHINESE AGENTS:
Business was done to the focal 12-14 Queen's Road, Central unghicial
Exchanés hyarket this morning at the following, raten- U.8. dollar (per $15**** 4.50 Sterling note (per 211
15,75
20.80
Incamenta qulders (per 100) OVERSEA CHINESE STEAMSHIP CO., LTD.“-
| flama ticals (pur 100)"
ingapore. Strafts)
FIC plastres (per 100);.
48. Bonham Strand, West,
Tela. 26127, 31118 & 31110.
Pacific For East Line, Inc.
Fast Regular Trans-Pacific Service
DIERET *
BAN FRANCísto, Los ANGELES
OVERLAND
NEW YORK-CIJICAO D-DETROIT-TORONTO MONTREAL AND ALL AMERICAN 4. CANADIAN CITIES
Guam, Marinas Islands, Bileronealan Islands Regular Service direct or with transhipment
Arrives
Ballr
Vezeti
From
the secoild “CONTEST"
San Francisco
KANONENIAWAN DEAR"
Zianila
May 12
June 10.
May 13.
June,
San Francisco & Los Angel
Ban Treneisen & Lox Ans
Vla Japan
For fall: particulars" "call" United Sistem, Linen Co, Clonoral Agents, Queen's Building; Tel: 28190.