MARITIMES
MESSAGERIES
M
Aviving Laving
"BIR NAKENDI**
"LA MARSEILLAISE"
Time 20 Juue 20
June 20 Jally
LAKE MICHIGAN" +"MONKAY"
Juno 0 June 30
Jure 11 July
***LĄ MARSEILLAISE" July it y
*For Passenger and Freight,
M
Duinked Daj
Зарап
Kobe & Yokohama
Homeward For
N. Africa & Europe N. Aries Kyrone Atnéseillen via salon.
t freight for Saigon, Alexandria, Tunis, Genoa, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Moultérianean ports via Marseilles.
Madagascar by transhipment in Saigon or Djibouti.
Subject To Change Without Notice.
CIE DES MESSAGERIES MARITIMES P.O. Box 58, Hongkong
Queen's Building' (gr. floor)
Tel. 26661 (3 lines).
EVERETT LINES
EVERETT ORIENT LINE Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-China, Slam, Malaya, Burnia and East Coast Indian Ports.
· "NOREVERETT”.
Arrives May 39 from Singapore, Sails May 30 for Japan.
"REBEVERETT” .
Arrives June 6 from Manila. Sails June 7 for Singapore, Penang, Calcutta. Rangoon &
EVERETT STAR LINE
Fast cargo and refrigeration spaces available for Korea, Japan, China, Philippines, Indo- China, Slam, Malaya, Coylan, West Coast Indian and Persian Gulf Ports.
FIRST CLASS PASSENGER ACCOMMODATION
M.S. "STAR BETELGEUSE”
Loading June 24
Sailing June 25 for Singapore, Madras,
&
Colombo, Bombay, Karachi, Basrah Bahrein.
EVERETT STEAMSHIP CORPORATION S/A Qubon's Building, Telephono 31206, Chinezo Department: Telaphono 28293.
FOREIGN EXCHANGES IN N.Y.
Canada
New York. May 20. US$1.01-0/10 2,10-1/10 2.67 bid-
Englerk-official
Australla
unoficial
30-day tuturka o-day futures
New Zealand
South Africa
The Rubber
Markets
{* THE CHINA MAIL, TUESDAY, MAY 27, 1952.
Parc
Taiwan Fishing Mr Menzies Seeks To ROYAL INTEROCEAN Lanes
Record
Talpet, May 20.
Talwan's sheries, pro- duction for 1952 is expect-
#
ed to reach new record high
LOTER,
of
125.112 metrio
the Central News.reported today.
Daily
production
The paper sall that the previous peak totalling.
110.514
metrio tons was gained by the Layt Tiparet 1940. Nears production was 07- 288 incltic Lab-France- Presso,
British Bid May Fail
a
Reconcile Britain &
U.S. On Empire Trade
(FROM J, H. FINGLETON) -
Canberra.
It is surely not without significance that Mr Menzies, the Austra- lion Prime Minister, makes his way to his London talks via Ämerica-and that he will return home the same way.
He is known to be seeking further dollar accommodation în America for his country, but the coming weeks may prove that his greatest ambition in this trip is to effect some reconciliation between the American doctrine of non-discrimination and the British one of mutual aid inside the Commonwealth,
Two main points, I imagine, will underlic his London talks.
The Intemational picture elam in the United Kingdom of from the Australian point of Australiun policy has been the viów. la perhaps not always subject of
appreciated.
It accordingly extremely for an Australian Government, chosen overy Internu- three years, to make tional commitments a long way ahead.
America.
approval
in
arco
This will prosent a problem of practical statesmanship which might well render necessary some Joint appens by countries in the sterling to America with the idea that come workable agreement might be made which wil enable the
to sterling area be strengthened.. There is
belief that strong Australian
state of in the present
the
While
world today's Goverment
it is impossible
that America would might say "A"
future belleve ย Coverment in x years'
not regard a powerful time
Erlish vitat as public Commonwealth might, in the light of opinion then existing, say "B" world balance and to peace. cr cease to be a Government. SOUTH-EAST ASIA
New York, May 20, For the second time, British electrical firm has been low bidder on large
One of the problems of the American contracis well
free world is not only to dis- under bids from American
russ what can be done in the light of military judgment, and other contractors,
but, In the democracies, what time ita And for the second
cana Government -do having prospects of getting the contract
to current regard the
publie are gloomy, on offelal of
opinion. firm said.
Richard Davies, vice-president
Ferrani
Inc., dificult Electric, American subsidiary of Fer- ranti. Ltd., of England, said his company bid $887,000 for nine transformers to be used by United States Army engineers at a power site in the State of North
The next Dakota, lowest bid, he said, was by the American firm of Allis-Chal- mers,
$1,003,100. which was
'bid Even though the British would save the Army $176,000 Mr Davies said, there was dan- ger that the Allis-Chalmers bid the would be
accepted under "Buy American Act."
Under this Act, Government
must buy departments
from American concerns unless the difference in price is unreason=
Davles Bold able.
that Mr
means the foreign normally price must be at least 25 per cent below. And an Allt- Chalmers spokesman in con- fdent his firm wil! get the job.
Creation & Mr Davies said, on
in the Armed Services procurement regulations Gu- thorlees the secretaries of the
Army, Navy and Air Force to
accept the lower bid if the su la large.
About two
years ago, Fer- Fant! lost an order for six transformers for the city of Seattle, Washington, although it was the lowest bidder-Asso- cloted Press.
While the Australian Prime Minister is quite convinced of for example, the importance, of the Middle East, current Australian opinion,
and emerges. when a world war may be vastly concerned about South-East Asia, which, if ex- tended into the archipelago, comes almest as near to Aus- tralia as Germany is to Great Britain.
that
10
to
10
of
Egyptian Allotment Exhausted
RUNS OUT OF STERLING
Calto, May 26. Egypt has exhausted her Sterling allaivtént from Bri- tain for the whole of this, year with nearly eight months to go before she cani expect more of her Sterling balance held in London.
.n million pounds is automatically released from London ench January; ond Egypt can enll
on a further £5,000,000 at any time during the year.
£3,000,000 has
-Therefore, having regard to the war in Korea, a fort which the Anance conference in London was always mindful,
Austria Is known
be seeking
i further dollar accommodation In America. It becomes more and more urgent rerobelllation should be effected between the American
Tric exträ doctrine of non-discrimination
on already been drawn and nothing and the British doctrine
purse. ofis left in the State the mutual aid inside
Com- Now Egypt, facing her most monwealth.
severe money crisis for years, find Mr Menzies
is trying to increase Egyptian closely co-operative and mindful of exports anywhere in the Sterling
Arca
And all restrictions on CX- their problems as ever, but he has, too, as I have tried to
ports against Berling payment
some very
have been lifted. pressing show, problems of his own.
Mr Menzies may therefore*R* be expected to display
ly interest not only in Korea and after, but in what is to happen in Indo-China; in Bur- ma and Slam; anti therefore what is to happen respecting the defence of Malaya and Singapore.
The only occasion on which to Australia war came close. was when Bingapore fell, and believe thus it is realistic to
Aula 1poms that South-East
in the pretty large today and
official future
Australian
minds.
Mr Menzies's second major problem relation to the
in United Kingdom will doubt-
Grain Prices edly be the working out of do-
Go Lower
Chicago, May. 20.
Grain futures joined the mazer commodity markets in a lower irceid. Wheat futures closed it to 1% lower and coybeans werb 9 to 11 lower. Prices of gain
closed futures follows:- Wheat-price per bushel
Spot
July September
December
March
futurs Marcit
Londan, May 20. Prices
of rubber closed today as follows:- Number 1 rubber, in pence
per lb.
Jurse...
July/September
2.00 asked
October/December
4.78-3/19
January/March
1231
2.2014
SINGAPORE MARKET
as
2,4116 nominal
031-2.34
2.4312
Eden
Epot
July
September
Dece:nber
1.EJAL 2.631-%
1.70 37374
曲
July
400
8744-15
Seritember
1.00
2314
| Ente
23-232
July
21-12
September
70%-5 7834-70
311-24
New York four-per
United Fres
200 16. sack
$18.30 nominai United tors.
Bingapore, May 20.
01901
Prices
of
rubber
futures
1459
0020-9/18
Nunder 1 rubber,
per 16.
West Germany
4.20
2038
July
71:4-70
Italy
0010
1905
4370
August Number 2 rupper, June
7614-70
Number 3 rubber, Jung
7313-73
.0933
Number & rubber, June
70-71
Bwitzerland
2116
Spet rubber, unbeled
7715-20
Middle East
Blanket crepe
EXYPL
2.8912
No. 1 pale crepe in
Irast
03125
Iraq
201
Turkey
$375
Latin America
-Argentina
.0635
.9500
Belgium
Denmark
Franco
Ifolland
Norway
Portugal
Sweden
Hpain
Brazil
Bolivia
Colombia
Matxico
Auru
Uruguay
Venezuela
méle
Pakistani
Hongkong Tidonesia Singapore Japan
Far East
A05
closed today as follows:-
June
Advance In
Wall St.
51-05 02-38 -Votted Press. NEW YORK MARKET
New York, May 20. Frices
Tubber futures satha, of alasel toddy 60 to 10 points lower with sales totalling 114 contracts.
Prices cloood as follows:-
20.00 September
1.00
1185
October
November
December January (1053)
2000
February Marci April May June July
200 yan to US$1 August
-United Press.
LONDON TIN
120
MARKET
$
11
24.30 nominal 25.97 23.55 25.32 nomjani 23.00 nominal
24.03 nominal
all
Now York, May 20. In the Stock Exchange, sulitan of the tat lack part in a modest advance with Tailз sering some of the charpest although exilividends Gave them a law in the averages. totalled 330,000 Dealings shares. Of 1,031 Jasues traded, 400 advanced, 384 declined and 848 were unchanged.
Some rails had guine up to a point cr two. Steels were mixed. Chemicals had a Iow rood gains over a point, Olis were mixed. Utilities gained a point or two, rearing a new 31- year high.
26.40 bid 24.08 nominal 24.03 nominal 23.15 nominal ch United Press,
JAPAN AIRLINES
Tokyo, May 20. Joint Japanese-American company is planned to take
Dow Jones averages at the of the sessant stood as follows
30 industriais 20 ralls
204,22
00.00
is tililles
40 bonds
50.000 68.10
United Press.
....
e v London, May 25, over the maintenance business of JAPANESE BONDS
Telcas of th cloned today, at Japan Airlines from Northwest. the end of die onkial; morning | Alfines
session as foliowx----
Spot 1in.. buyer ***
000
£70
the Kyodo nowa jagency salt today.
Japan Airlines is to put up Business done at till 30 million yen of the contem
007 plated capital of 50 million ych flè fand · Northwest Airlinten and B07 Transocean
Lon nilion yen -United Press, leach Reuter.
Zirvemomis tih, buyers int
Threemante Bin,, melera A
Failines dono At
GetWoffent
לדס
cisions taken at the
January meeting in London of tu Finance Ministers.
NRITISH TEXTILES There is need-for- clarifica- tlon of the Austration VIDW- point in this particularly niany people in Great Britain muy feel that Australian тем strictions on imports bear over- harshly on the Hame Country, and perhaps especially on the Textile Industrien of the nor thern counties. Caution, how cver, should be observed in reaching such conclusions. The truth is that there is a world- wide textile field. It is, there- fore, somewhat unjust to Aus- tralia to assume that our im-
restrictions are a port
major cause of unemployment in Yorkshire, and Lancashire.
Another factor has to be Borne in mind.
Aus- trallo wool prices rose to re- cord levels there was a sudden power, surplus of purchasing and this was great flood Australla.
When
.:
The British will
HONGKONG SHARE MARKET
(From Our Correspondent)
There was a further decline in business on the Stock Exchange this morning. business being valued at only $45,074.30. Noon quotations and the morning's transactions
SHARES BUYERS SELLENS KALES
DANKS
HK Bank.. East Asia, INSURANCES
Union....
SHIPPING
1300
Asla Nay..... 1.00 DOCKS,"
K. WHIC
N. Pl. What Dock......! Providcal LAW. Wheelock
740 760
77 78
10.00
4174
7 734
HK Hotel HILT Sil Land 1.00 UTILITIES
Tram. 151 15,00 800 or 15,70
C. BE! (0)
Light (N) Electric 20.99 Telephone... 16.80
INDUSTRIALS'
Cement... Rose STORES, ETC.
Dairy
in u reflected
into of imporis A very groot pro- portion of these came from the United Kingdom.
Two
The
arose. things January finance meeting de- cided among other things that ench nation in the aferling area should seek to bring. trade into an overall balance as an Internal contribution to the overall sterling-dollar problem.
its
Again, having regard to the of imports enormous expense in the calendar year 1951, Aus tralia almply could not achieve a balance of trade, and there tore this salteney of her quer- ACAS TUHES, Uniess she imposed cuts not only upoì European Exports to Australia but also upon United Kingdom, exports here.
Walion (a), 1. Crawford
6.40
18.00
17
10
231%
230 0.40
584 a 20.30 -1000 € 11.20
363 1
· Canberra Warned By
Expert
If the gap is not closed in a short time, plans have bec made to convert part of Egypt's large dollar fund into Sterling,
The
fund, now stands if this
at
2000 and
year's cotton
stock, still piled
in Alexandria warehouses, ard
not boun
dollar
moved,
tnost of the fund will be exhausted
by the end of the year.
to
The situation is so serious that many Eristian importers who have applied to the book
creats for Sterling open currency have been refused as Sterling
balances are urcety bern cul off unili a solution to exhausted. Many imports have
the problem is found. Express Service.
London
Philippines Financial Measures
Manila, May 20, President Quirino will call a special eession of Congress on the condition that both Cham- ber's eitle their differences unacted upon important
over
legislation,
The bills include a 421,000,000 pesos Budget for the next fiscal year, the 99,000,000 pesos coun- terpart fund for Mutual Security Ald from the United States, the 132,000,000 pesos public works and the extension of the Export and Exchante Control Laws.
outlet
Meanwhile, President Quirino prepared to take up with the Cabinet tomorrow measures to prevent the export ot vital materials pending extension of the Export Control Law, which expired on Thursday at the end of the Congress regular session.
Under the expired law, the following items are on the pro- hiblios expert
"TJBŪDAS"
"RASTWAY" *JILLWAN" *TÁRMANÍ LOKI "TİYANGI
"TJFONDUR”.
*TJIPANAR*
#RUTS"
May
Jutin
June 10
June
June
July
July *July *
*
•
Judy
#TJITJALENGKA" July 10 *THLUWAR*** July 19
July 25
"EASTWAY
**TSIWANDI"
July AUE.
Aur.
t
***TJRODAS"
VERIŽJALENČKA” Aug. 0 MTFILUWAM"
Aug. 15
*TJÍPONDOR" *IHWANGE
"HOISGEVAIN” *EJILUWAIF
Aug. 25
Sopt.
2
Sept.
-opt. 10
AILINGS
PINES
B. Atries & 8. America Djakarta,
qirebon Bemarang,
Ruratiala di Maenfiar Singapore, Penang & Relawan Deli Singapore, pinkarta, Belokrang,
Hŭrabala, é (MAVRULLE
RENZADOżda Pentha & Belavian Dal
Mingapéto, Plakatia
sulabila A” Macassar
Djakarta,
Treban
ASHATARE
Semarang,
Kurabala a sticksme Kapita Binatiare, Penang
FA 8. Aftlen
MRAT singapore, Mauritius
**. Afriés à B."America Japans
alngapore, Djakarta, Bemarang,
Surebata - o xiNJATLAR
Djakarta Tingbokk, Bemarang.
Butálata & blackside- Singapore, Penang & Belawan Doll BERPOTE, Djakaria, *Semarang.
Burabala & Machtiar BJakarta, Thirabant,
Sematang Manila, Bingapore, Misuritics,
Eneabaix & Macassaf
8. Afrios a §. Amesjes
Slogapore
Jakarta, Semarang.
Suzabata & Macassar A. Djakarta, Tirebon. Semarang,
Burabaja & Diecast
Singapore, Djakarta, Semarang,
Burabala & Macariae
Manita. Singapore, Mäurlins,
Africa & #i, Afaktica Singapore.
Jakarta, *Remarang
Huraala & Mocaniat
ARRIVALS
May 20
"RUYB" "JIWANGI" “TAIMAN" "TEÜBLÜSIO“
BAY 20
MAY 31
Fruba
S America, A. Africa. Manelllas,
Singapore & Klepilla
Marder
Surabais. SemaTANE
Djakarta & Bingapore Penang, Delawan Dell & Singapore Japan
General Agents.
HOLLAND EAST ASIA LINE
BAILING TO EUROPE "adɑTEKERK” "DLITAR"
"ALATKERR
ARENDOREBK"
SAILING FROM EUROPE
"DLITÁR"
PALSİNERR*
"AKEND KRAK"
PRELUNÈGET" "AAUTEKERE"
June
July
ABE.
Sept.
Ballo
Batterdam
Arrives Hongkong
Balled APT.
June
MAY
July
July
Аце
Sept.
Bipt,
Oct.
MAERSK LINE
*FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, HÁLTIMORE & PHILADELPHIA vis SAN FRANCISCO, LOS ANGELES AND PANAMA. NEXT SAILINGS
M.S. "LAURA MAERSK" M.S. "LEISE MAERSK" M.B. "GRETE MAERSK"
arrivals from U.S.A.
M.S. "GRETE MAERSK” M.S. "OLGA MAERSK" M.S.
JEPPESEN MAERSK"
June 4 June 17 July 2
June 7
June 19
·June 20
For Freight and Further Particulars plenso apply ta:--
AGENTS:
JEBSEN & CO.
Pedder Building.
Tel: Nos. 8006ά.D.
BENDLINE
TAR
FAST SERVICE
TO UNITED KINGDOM AND CONTINENT
"BENMACDHUI”
itabasa Loading at Buay
seedlings, machinery and pare Melbourne, May 20.
parts, serap metals, modjelnes, Commonwealth fandstuffs, petrol, all babricants, -While the
planning
military cquipment an: suppiiie Government is
Congressman Ferdinand Marcos nation-wide increase in primary production, Australia's leading also urged Detonce Secretary Magsaysay to tatto authority on the nation's agricul- Remon tutal polential, Professor S. M. administrative meatures to pre- Wadham of Melbourne vent the export . Communiat University, Indicated today the carteles of war materiais stacle- to some almost Insuperable financialled in the Philippines-France-
Presic. Aus obstacles.
It may seem that people to believe tralia might have operated policy of acute discrimination
He told a Chamber
in favour of the United King- Agriculture conventloh that it Exchange Rates dom. Discrimination in favour would cost hundreds of millions. of the Home Country is well to Yatse, productivity oh land known to be the constant men- already falmed in Austraila. tal cllinnto of the present Prime Minister, but, we, reach hero a very great International problem.
NON-DISCRIMINATION.
Australid, and the Kingdon, previous
;"
United
Busincere done in the tocal unodjela egebangs market This -motting at the followiha jätësim
doljag (por #1) florecie. Der (41)
te guilders (per 10dj'
Ciling, Victoria, Australia's second anallest State, Professor, Wadhiirti, said it would cost
Singapore (Stalti £75,000,000-about £5 to £ FIL bistie, per 100 do Rere-walle to develop. previously unfarmed land would|
cost from £15 to £20 an aero. incion under prey sountry to doubled it minty armor
London, May 20.
Japanese bonds
"A" (4% of 1809) "B" (4a. of -1910)
70.
03/
CH (59, of 1907)... Sup" (55% of 1034).... PHET (045, of 1934),
062 Consols
United Pres
12D
03
180
a policy of
Copra Quotation
se jav 20.
became parties to the, Genevw would be willing to risis; the Copra avas quoted. Today, at Afrreement and, therefore, 10 necessary money by Jari term 2103.00 per hariston, asked.
non-discrimina= "losis, bechurch Ale Smargin | Ceccomi pilz was quoted al- lion. It is interesting that between costs and returris was 14 cents a pound, naked...... what has given rike, to griti- likely to become narrower United Fress,
'A” 2 29th and 30th May
DIRECT TO SINGAPORE
THENCE
HAVRE, LONDON AND ANTWERP.
W. R, LOXLEY & CO., (CHINA) LTD. York Building,
WATER
15 PRECIOUS USE IT
WISELY
Tel. 84166 & 38710.
BUSINESS REGULATION. ORDINANCE
1952
Copilos of the prescribed. Forms 1(a): 1(b) and (c))
"Now On Sale of SCM Posts Ltd. Hengkang and Kowloon TEN CENTS EACH