MESSAGERIES
M
“BIR HARENI“ ..........
"LA MARSEILLAISE" "MEKONⱭ"
MARITIMES
Arriving" "Leaving
THE CHINA MAIL, THURSDAY, JUNE 5, 1952.
U.S. BUSINESS OUTLOOK MNo Business Recession In Sight In 1952
Outward Per
Japan
asphe & Yophama
June 22 June 20 Janr 30 July 1 July 10 July 10
sayalas
*
+"LAKE MICHIGAN" ...June +"MONKAY"
B
*"LA MARSEILLAISE” „July †"UM HAKBI**
Jting E June 30
11 July 11 July 17 July 15 - Zuly 20 .Aug. * AUR. JI
+"MEKONG"
For Passenger and Freight.
Homeward For
H. Africa & Europe N. Afiles Europe Marsellice via Salpon N. Atrica & Eunze N. Africa & Eptopé
t freight for Saigon, Alexandria, Tunis, Genoa, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterranean porta via Marseilles,
Madagascar by transhipment In Saigon or Djibouti.
Subject To Change Without Nylice,
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong Queen's Building (gr. floor)
EVERETT
Tel. 26661 (3 lines).
LINES
EVERETT ORIENT LINE Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-China, Siam, Malaya, Burma and East Coast Indian Ports.
"REBEVERETT”
Arrives June 6 from Manila. Sails
June 7 for Singapore, Penang, Calcutta. Rangoon &
"LENEVERETT"
Arrives June 20 from Singapore. Bails June 21 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 BETELGEUSE”
Loading June 24
Colombo,
Sailing June 25 for Singapore, Madras, Bombay, Karachi, Basrah & Bahroin.
EVERETT STEAMSHIP-CORPORATION S/A ---
Queen's Building, Telephone 31206, Chinese Department: Telephone 28293.
Scientists
Help In Oil Drilling
London.
Twenty-one years ago, some 50 eminent geologists banded together to form a small though elite association, known as the Society of Economic Geophysicists.
Their purpose was to encourage interchange of information concerning development of techniques used in the scientifle search for oil.
VAST SAVING
Today, that small society-now, successes to failure increased to called the Society of Exploration one out of every five. Geophyslelst has nearly 3,000 members of 50 different countries and it is concerned not only with
Yet the cost of obtaining the geological and geophysical
necessary geological and problems of all production but geophysical dain accounts, on an with similar problems affecting average, for only 10 per cent of civil engineering, mining and the total cost of all exploration, other large-scale projects.
so that the saving in time and by Tonay Achloved by these two The contribution made theso twin sciences in furthering sciences vastly exceeds their cost. Industrial development
The improvement in geophysl- enormous and so is the amount | cal,techniques during the past 21 of money being spent by various years has been amazing. For enterprises, especially the oil in instance, an operation that once dustry, in making the maximum took two full days in the field, ure of theho aids,
plus several months additional
exuct
is
many res have been complled,
Russia Hasn't
Much To Offer West
Bombay, June 4. Although the Russians are, anxious to trade with the Word, the leader of the Indian delegation to the Morcow economio con- terphon does pol think they have many moods to
The lealer. Ar Lachand IHx174, a prominent Indian bucluesman, wan Bombay Bddressing the Rotary Club Froduc Ron
Larger Production Likely For At Least Two
Years
Washington. ⠀ra
There will be no trade recession in the United States this year. To make any forecast for more than that period is obviously risky, but omit- ting all the ifs and buts one can be reasonably certain that American production and employment in 1953 and 1954 will be larger than it has been in the past two years.
This prospect leaves plenty of room for temporary setbacks. Pros- perity will remove its blessings from some industries, and some areas, to bestow them upon others.
S
of
Tory MP
Difficult adjustments lip ahead, as the breathless expansion of productive capacity which has been going on for several years gives way to'a quieter pace. Fr Russia. had up. be cald,
But for the next two or three have been bullt, and in spite of but she was not in a pori--
yes the world can lay aside restrictions is expected that. Von to cupply Roosa to Western counties because
its fear on hope of an a million euros will again be
which might completed this year, American Blump commitments in of her
The
phyelent volume Earfern Europe,
dlsrupt the social fabric of the
American industrial production non-Communist, world. bellof in the coming of the it was In the Avo yeATE 1930- the 50. cutside
and the
af production slump is held
"durable" manufactures alone country.
The followers of Saint Marx. le pearly three times sa large,
pessimists When Ankerican tho pledge explialirm will porish from in- discuss whether there will be a ternal contradictinas; the pro-trade recession they mean ul- testant faith of Western Europe most invariably a drap from THE EMPIRE AND ball at the idea that proud 220 per cent to something like
200 por good living on the American 'senle can go on without divino production.
retribution.
It is strange how deeply the more than twice as large as Has Plan
1. M. Nesterov, Pre- fident af tho Busslan Chamber of Commerce, he Bafil. WHE hopeful that Ruriia's foreign trade could reachi 40,000 million
(about £3,571 million) provided other countles pa-operated. --- Heuter,
roubles
Land Reform Essential In S. América
Rio de Janeiro, June 4. Land reform in Latin America la main key to better living for the entire population, according to a report of the International Labour Office.
The report is being studied by American
Biates Members cf the International Labour Or- ganisation.
It paints cut that between do and 70 per cent of the total population of Latin America 13 engaged by agriculture,
cling
to
that
Perhaps the thunderclap will como, but at present there are few eigns of it.
SALES NISING
cent of the
pre-war
And you have to be a pess- mist to expect that sort of drop within the next twelve months. SOURCES OF WEAKNESS It is against this background of strength that the weaknesses have to be judged,
+
For Trade
WEST EUROPE
Strasbourg. Preferential treatment for West European countries in Commonwealth markels was urged by Mr Robert Booth- by, Conservative M.P. for
Mr Bootirby wis speaking to
15 deltgalis frem
European nations at the Council of Europe
Walking about the streets of American eltics, reading the urgent advertisements of "ales
in the first place, the Ameri-Aberdeen East. or Estening to some business
Fhow can people have yet to men, one can, casily averrate the
can balance a high has thut they setback Ire trade which
but stable level of activity as taken place in the last tow
well as they have balanced pa months.
Much dependsAssembly in Strasbourg. Prices are being "slashed" expanding one.
na the next President and Ad-
Sald Mr Boothby:
"If the though often meraly from the
United States were prepared to which traders were never able stabilising devices are now bullt Fourth Point, to emailfy their high offical maximum prices ministration.
11 is true that
most of the implement Prezident Truman's to charge. Shortages are a past Armly into the structure, and tariff polley, to increase the memory,
assots of the After the Korean cutbreak that even Me Taft would find convertible
European Payments Union, and there was a wild orgy of honrat diicult to keep aloof if the
number of unemployed rose to bank an international monetary ing to which manufacturers.
fund with some of its gold burled responded by increasing output, inuch above three milians. Whi When people found that there was no war and no shortage they naturally settled down to live off their stocks, and trade doclined.
Since March retall sales have rising again and the volume is now greater than it
By
North been comparison, in America, about 20 per cent of the population is engaged in ogiculiure,
was two years ago,
Sales of "durable"
consumer goods are, of course, held down by the aftermath of last year's scramble to buy, but the fall in
The ILO Director-General is a prere- says land reform quisite of any improvement In the social and economic et sales has not been much greater Lions of the population in than the cut in output enforced general and of the rural popula by defence demands. tion to particular
Latin
GOOD EXAMPLE America.
are a fond example. Al Fare "For unless the utmoded ane time in 1050 putput reached rural cronomic Institution | a rate of well ovoy seven million which constitute the sub cars a yew. Now it is down to structure of the socio_caillee little more than four millions a are eliminated, social conditions year, are bound to remain at a low
the
repart
in
Jevel,
Two other important changes Latin American farm the system are necessary for better living, the report added.
"First is the provision of a minimum capital to the farmer, anetheteaching him now
2nd
of farming. The first
bo could
done
through credit institutions and the second through extension, Lervices
The present situation sattests that
Detion acyentiment there fields has been extremely limited."
Capetown Wants A Big Loan
Capetown. The City Treasurer of Cape town, Mr Rex Walker, has left South Africa
search of
in
But if the next ehtiin the vaults of Fort Knox,
went all out to cut and to abolish controls, includ
the economy ing credit
way. is a dry A more likely threat lg up of the building coulpment boom. Most of the
tooling and construction The present defence programme is nearing
mish side trois r
am
for
solutions of Tho economi
free problems confronting the world might be reached. But they are not proptred do do this.
industrial, Privato There
and
"They are the dominant world cecnomis: power. They do not want and will not take capital or manufactured goods from abroad. is only one outlet for musi longe an Europe, We
trument of economic policy and extend the standing tracing Erea by means of secondary preferences between Western Europe, the Commonwealth and the dependent terrierics Over- *draftle "This will involve modifications of tho most faveured nation claust," he said.
голя.
on plant hop grown equipment enormously from year to year,
Blackening is duc. and some
NEADING END The private McGraw-H}} plans sug- Jurvey of bustriess gesta a drop of 10 per cent in capital outlay next year, Gov- ernment economists think the drop may only be 6 por cent..
These figures allow for much
BAYING DOLLARS Rearmament crders do not large movements in differens.
Competitive import restrictioan allow the makers to produce sectors. The steelworks expan much more than the present slow, for example, is nearing by European countries can only rate and the normal replace-
the end.
The textile industry 28gravate the problem, he said. ment demand for the next few cannot go on building and Strategisel planning of industrial years reckoned to be about
equipping mills at the pace of production of Europe was going
to favo hard dollára. four and a half million cars u the last few years.
in order to prevent But the capital needs. of threat. competition
Wansport, the Britain and Germany of the kind of American industry is the public utilitics,
oli and chemical Industries
vies which ruined the basle industrian mechanisation of textile output hercover, commercial building will be necessary for aeth Britan
should
expand, of both countries in the '30's, it has been going on at a tremen-
has been held back and may and Germany to concentrate by dous pace for several years. Production
years take up some of the industrial agreement on the type of p10- was running
dustion for which they are best alack, Some public construction
Private sulted has
postponed, been
strong. "The Schuman plan is housing demand remains
on As the Just shortages ... nee. | plaential foundation for this overcome and civilan Industries racionalisation and believe," ive all the raw materials sald Mr Beathby, that Britain they want, reperija in
year.
The cnly really weak section
tex:le trade, Expansion and
an abnormal post-war demand. and when it had caught up the demand dropped off to a more normal rate.
Americans are saving now-- for no caher discoverable reason than that they had lived above
continue 10
their incomes while they rebuilt ment demand tellus participrte in it.
11
cut-
between
"Germany should concentrate An clement of stability is the their houses and restocked their
on exports of cupltal goods to defence
Programme. Although socigled households, and are now
Congressmen are trying to re- building their savings.
Western Europes territories of "A European Investment bank A num of closed textile duce the rate of defence spend-
and Bomu cuts are almost *bould to
im- established miller
will
buting not reopen,
etriain to be imposed, the mast mediately," he added. people who are observing the
probable result will be that the irado closely judge that the tex-
On the question of the finan tile setback has almost worked present rate of nearly $60,000 clul stability of Europe, Mr Itzelf out and
millions уса a turn for tho
(including Boothby said: "The European better will come before the foreign old) will rise by the Payments Union is
is no more than middle of 1953 to only 55,000 # olcpring
system and the or 00,000 millions instoud of mechanism of the Sterling Area nearly 70,000 millions, as it is mero
mero of the nature of would do under the unrevised banking system. They both programme,
Buffer at present from similar
Inck Ecfrets. Both
adequate rezervta, and the banker for the Sterling Arca is barely solvenį.“
autumn.
ing
GUNB AND BUTTER
It is hard to realise oven w
nov
many
Japanese Silk For Britain
ROYAL INTEROCEAN LINES
TASMANI
"TIBODAR"
*TEISINYANG"
HRUVAY
"TJILUWAIT"
“EZÚČAMPRIH SHARTWAY" „"TJIWANUF
June
BATTINO B
June 12. Juna714
Jun 17
Ringapore. Aranriltus 8. Africa N. America Djakarta, Tjirebon, Hemarang,
Burabala & NEKOASURY Mane, Klugapore. 8. 2... Atries Blogapore, Jakarta,
Hurahaja & Magasine Bingapore, Verang & Belawan `Bali „Hingavoro, Penang ℗ Bielawan Dell BIDERPOTD Djakaria, Hematangs
Diskurts, Titrebon, SOMATARS,
surabile Stackisar
·Burabata DEACHAIRS
Japan
Starita, Singapore, Penang
H. Africa
stágapore, klámriting,
A. "Afcles & R. America
hjakarta,
Burahsia 4 Mapassat
Tizebab,
Нератали
Remarang,
Singapore. Penang. & Beltran Dell
"KASTWAY" TASMAN" →TJIWANGI"
duna 30
"TIONBOR"
July
*TSITJALENGKA"
July
***JIPANAS"
July
July
July 10
Bingapore.
July 23
Djakarta,
Buralala & Ancasse
July 21 AUE. #
Singapore,
"TJITJALENGKA❤D AVE. ́Ð
"TIMODAS“
→TJILUFANI"
SILDIII.
Aug. 12
Djakarta.
ARK, 14
Bingapore,
TASMAN' #EINWANDE
“TIPONDOK” *DOISSEVAIN" "THLUWAR"
4. # Bopt. 2
Soyt. ,་
Bept,
Sept. 10
*TARMAN"
TEGELBENG” *TILUWAB"
"EASTWAY" *TJANAB"
jak
Hurabila a atacanday
Singapore,
Semarang.
Aftariilus,
8. Aftier & 6. America
Tilrebon, Bemaring,
Kuratala & Machetar
Djakarta,
Burabila & Msafasiar
Semarang,
Bingapore, Penang & Hylawan Deli Mingapore,
Kajakarta,
Somarang.
Surabala Ntacaviar Djakarta, Tjirebon, Semarang,
Horabala & Álacaiskr Mapa Bingapore. Manritlus, 8,
Aftika & A. America Alagapore, DJakarta, Semarang,
aurebula & Macamar
ARRIVALS
Fort
4 June June 18
June 20
JUMB
10
From
Penang, Helawan Dell & Singapore, Japan
Surabala, BemarADE, Djakarta & Singapore
113mpani
19. Africa, Mauritius & Hingapore
General Agents.
LLAND
SAILING TO EUROPE
"AAGTEKERK" "BLITAN" "ALMKENK"
"AUENDSKERIC"
BAILING FROM BUROPE
"DLITAN" "AGMKERK"
WARENDERENK". *KIELDRECHT" "AAGTEKERX"
EAST ASIA LINE
June
July
Aug.
Sept.
Sails
Arrives
Rotterdam
Hongkong
Balled Apr.
20
In
Port
Kay
28
July
July
Aug.
ABE.
Sept.
Oct.
Пере
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS,
M.S. "LAURA MAERSK” MS. "LDISE MAERSK" "M.S.""""GRETE-MAERSK”
ARRIVALS FROM U.S.A.
"OLGA MAERSK" M.8. "JEPPESEN MAERSK’
M.S.
M.S.
June June 17 -July-2
6
June 161
June 29
July 17,
For Freight and Further Particulars please apply to:-
HULDA MAERSK"
AGENTS:
JEBSEN
Pedder Building..
PENINSULAR
SEPARABIT
CO.
Tel: Nos, 30066-9.
& ORIENTAL
STEAM NAVIGATION COMPANY
R.M.S. “CORFU”
SAILS:
NOTICE TO PASSENGERS
£200 needs a £3,000,000 how great the expansion of p:o- loan for capital development, duction and spending has been and was hoped to raise this
BRITAIN AFFECTED Defence expenditure, includ- South Africa. But when in
foreign all, han en since GUM
But there are clearly the frut £1,000,000 loan closed mid-1050 by more than $30,000 uncertainties ahead. recently
it was under-cubscribed, millons a year and is now One which affect the British Because of South Africa's caring $50,000 millions a year.
problem directly is the future censiitulionat crisis, The London The datire supply
of prices. is considered out of tho market
prezented by tire additional
American retall prices are been question for Mr Walker's £2, money has
provided
under pressure, and competition for the consumer's dollar has 000,000. And the United States by an expansion of industripl decu not favour overseas munl-output,
grown ferce. That makes ex- Apart from temporary short-
poris or manufactures to the Joan.
there Me Walker is going to ages and inconveniences
London, June 3. Switzerland to try to raise the has been no restraint on civl- United States more dificult
Even with the added complica-.
Importtien inta Great Britain they have actual- the money..
supplies
tion of the new tariff threat. Americans are
of a limited quantity of certain Gher municipalilos and ly increased.
Equally important the varieties of allkcloth from. Government organisations are having guns as well as butter.
weakness of.
material Japan will be autherised from business
now until September 30, the BAGGAGE: very interested in Mr Walker's Consumption is up, baso
mirsion D n pointer to the capitat qullay is up. All that prices, particularly those com-
Board of Trade announces, reduced ing from the sterling area. been mildly success or otherwise which at has
So long as pelers look like
Import licences will be figued. temps to salse loans for South
residential houting, commer failing or remaining low Amaron the understanding that t Africa would. meel.
building, and some public can industry is likely to reduce lehet 60 per cent of the cloth by clay capital livestment.
forward buying and draw down value will be 1-oxported after That is the meature of the colossal growth of American locker and raw material stocks
are still so large that this pro-processing-France-Prease, production. The reality can be
could
For instance, in 1051, the off delay until the field Andings industry alone invested no less could be checked and a result than the equivalent of
Anally announced at a 000,000 in world-wide geophysl laboratory, un now be carried cal exploration and, although no out on the spot in precisely two
minutes! millions
this astonishing were Apart from spent in other mineral gain in time, the result is also 100 times more accurate than Tow
facts
reveal the value that given by the original of the
assistanco rendered by
by method. It is easy to understand geologists and geophysicists to why the president of one modern enterprise.
more
Coration wor
Taking the oil company declared: "Scien!
biggest
the
oil Industry as an example, ex- and technology are the ploratory drilling in the U.S.A., forces for progress in the all in during the past five years, bas dustry today? And science is my other guidanco prayed successful. How-undertakings bosides
nd industry. We owe ever, when both geological and
an, ever Heophysical guidance WAN growing debt to the men who are utilised,
the proportion of making such progress possible,
every 30 drilled without sclentifle | development. of the - "oll":
FARM EXPORTS FROM U.S.
seen
ܐ.
for another twelve all over the country in months. go
new factories and installations montaa of vast dimensions and eften striking beauty...
TWICE AS LARGE
Here lies the main Ureat of Taipei Fiscal Year nother year of doline shortage.
Wo know now that's slacken.
FRIDAY the 6th June at 12.00 Noon. for the UNITED KINGDOM | vin Straits, Colombo, Bombay, Aden and Port Sald.
"ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at No. 2 GATE, CANTON ROAD ENTRANCE BY MOON on THURSDAY the 6th June, 1962. -
·SPECIAL NOTE: With the exception of hand packages carried by passengers themselves, ALLI BAGGAGE"-must pass through the Wharf Cola Godown for loading on Talpal, June 3.
board by ship's alings only... Ing of burchbaca which makes A proposal In, before the Na-
Cabinet 10 EMBARKATION: Will take place on FRIDAY, the 6th hardly a ripple on the surfson of fianaist, Chinese
can cause | begin free : China's / fluent syner Ameleon... affairs
June, 1952, botweon" 9.30 da, and havoc in the flow of world July 1 Instead of January 1. Srage. And that kind of slacken t The change would make the
11.00am Since the war more than five ing is not impossible, this year, fiscal year here tally with
new dwelling-houses-Manchester Guardian," America's Associated Press. million
Washington, June 4. United States form exports last year were valued at 4,037
It is alco evident from the million dollars, according to the
Internaţional Federation of rapid spread of dormitory sub Agricultural Producers. D urband residential garden The figure breaks the post cille's pil round the Industrial war record set in 1947, but is centres. slightly under the record of 4,000 million dollars act in 1919,