MESSAGERIES
M
MAIN-NAREIM”
*LA MARSEILLAISE” "MEKONG"
MARITIMES
Arriving Leaving
Juke
M
Outward "For
JAPAN
July Jun 30
Kobe & Yokohama i Jnty 15 July' ''10 '・ Japan -
-
+*LAKE MICHIGAN"
MONKAY"
...June
B
Тиле
1 July July 13 July 19 ..Aug. Aug. 31
LA MARSEILLAIBE" „Juty 11 +”BIN HAKEIM”
+MEKONG"
15 3
*For Passenger and Freight.
Патетите Кот
N. Africa & Europe N. Africa & Europe Marseilles vin frigon H. Africa & Berope N. Attics & Extoge
freight for Saigon, Alexandria, Tunis, Genoa, Marseilles, Algiers, Oran, Tangier, Casablanca, Hayre, Dunkirk, Antwerp, Rotterdam & all Mediterranean ports via Marseilles.
Madagascar by transhipment in Saigon or Djibouti.
Bubject To Change Without Notice.
CIE DES MESSAGERIES MARITIMES P.O. Box 58, Hongkong Queen's Building (gr. floor)
EVERETT
Tel. 26651 (8 lines).
LINES
EVERETT ORIENT LINE
Fast cargo and passengers service refrigeration space available for Koren, Japan, China, Philippines, Indo-China, Siam, Malaya, Barma-
and East Coast Indian Ports.
"REBEVERETT"
In Port
Loading
Salls June 7 for Singapore, Penang, Rangoon & Calcutta.
"LENEVERETT"
Arrives June 20 from Singapore. Salla
Juno 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 Sailing June 25
for Singapore, Madras, Bombay, Colombo, Karachi, Basrah Bahrain.
EVERETT STEAMSHIP CORPORATION=S/A---
Queen's Building, Telophone 31206, Chinese Department: Telephono 28293.
HONGKONG Lower Trend
SHARE MARKET
(From Our Correspondant)
WAS
Business done on the Stock
this morning Exchange
at $120,010. value
Noon quotations and the morning's transactions:
SHARES BUEENS SELLERS SALES
BANIS
HK Bank East Asta
INBURANCES
13294
Union d Underwri
760
0.79
.. -13%
17
BMIPPING
Ask Nov.
DOCKS, ETC.
Whart
Book
Bhai Dook
LAND. ET
Land (1 Bhải Land 1E 130
ITALITIES
In NY Cotton Prices
New York, June 6. Cotton futures turned lower today. Considerable proft-taking came into the market following recent gains. Traders attributed the reduction mostly to technical
FERSONE.
Mill and commission house buying was the rule on the
with opening,
gains carly cents a bale. w to
the demand was satisfled,
prices turned down slightly.
THE CHINA MAIL, FRIDAY, JUNE 6, 1952.
INCREASE IN COLONIAL
PI To Import From Japan
Manila, June, G The Price Htabilitation Corporation is to impart large quantities of Japanese :goods sach 3.8 canncu goods and textiles, and retail them at the lowest prices by buying the goods direct from the Japanese manufacturers, the Eeneral manager, Mr Santiago de la Cruz, disclosed- upon arrival yesterday from Japan via Hongkong,
11-day 110. made A business survey of Japan and Hongkong The wero Japanero, he said, cager to resume trade with the Philippines due to the STest need of TAW ma. terials
Japaneso
The were interested in Import- Ing hemp, muscovado, BILET, mahogans, lors, ete-Frame-Presse.
DOLLAR SURPLUS OF 45 MILLIONS
Feature Of Annual Report
London, May 30,
Economic trends in the Colonies hold chief place in the annual re- port on Colonial territories for 1951-52 issued yesterday by the Colonial Office. It shows that these territories achieved, a dollar surplus of $155 millions last year, an increase of $45 million over the preceding year.
More than two-thirds of that surplus was accumulated during the first half of the year. The position during the second half is described as less satisfactory.
Most of last year's dollar surplus accrued during the January-June period, partly because shipments of cocoa to North America are marked- ly seasonal, and because rubber prices declined from their peak early in the year. In addition, no tin was exported to the U.S. in the second six
Big Trade months.
Deficit In Fiji
with
212
Major Colonial Imports during { 'children compared 1951 were: cotton picce-goods schools and 20,000 pupils in 1921. 805 million square yards; cement, In the adult education field, 144 million tons year); notable examples of progress are recorded from the University College, West Indies, whose extra-mural cinares altracted 6,000 puplia and University College, Ibadan, Nigeria, whose extra-mural classes catered for.
unworked iron and steel 33,614 tons: rolled, cast, forged or drawn iron and steel, 599,201 tons; and steel manufactures (exclud-
ing certain territories) £28.5 million; machinery, £53.3 mil- Los; motor-cars, 42,300; com- ba-erolal vehicles, 14,000; bodies. chassis and parts, £13 million.
The official trade figures for Fiji for 1951 show the greatest unfavourable lance of trade in the Colony's history.
147.
Colonial
Hal imports from the dollar area cost $205 million last year, against $130 million in 1990 The value of imports for the and $220 million in 1849, while
the year was £9,308,137 (£2,307,-
dollar exports to
area 515 more than in 1950) against brought in $035 million, $505 exports valued at £7,313,000, million and $385 million, respec- nearly half-a-million pounds betively, yielding dollar surpluses low the previous year's Agures, of $455 million, $410 million and resulting in a defick of £2,055,- $105 million.
Hals A notable feature of Colonial trade in 1051 was an increased flow of imports from non-Sterling sources, including countries in the European Payments Union and Japan. Sterling imports, on the other hand, increased by n much smaller proportion in most territories. Increasing non- Sterling imports, combined with the effect of some lower export prices In the second half of the year, greatly reduced the large non-Sterling surplus which the Colonial territories, apart from Hongkong, had earned in the first half of the year and in 1950.
This is only the sixth time in 51 years that a deficit has been recorded, and it is nearly one and a half millions greater than any previously recorded.
The high import figure is attributed in sume part to the rising cost of goods and to the reopening of certain overseas Sources of supply, such as Belgium and Japan, but account also be taken of the general overstocking of piece
particularly, that has goods,
and the necessity for the Colony to import greater quantities of food to feed Als rapidly increasing population.
must
BOME CONCERN Nearly half of the adverse balance is accounted for by large stocks of sugar awaiting the your, but it is also recorded that the total quantities of the Colony's sugar, gold and canned pineapples produced for export fell considerably.
DEVELOPMENT PLANS Until recently
most primary products have commanded high prices and this has been reflected In the public revenue Colonial territories. More money Col
been available for a
has thus
of many
more than 3,000.
HEALTH SERVICES
Colonial territories.
many of the
Talks On
Revision Of. The Bell Act
SAILING ́8
"TEGELBERO"
"TJIBODA1" "TIMENTENO" "TILUWAR*.
Jane 10
Jutte June
"EASTWAY "TASMAN" "TJIWANOP
17 Zuno June 30 July
**TJJPONDOR"
"TJIPANAS” ⠀ "RUTS"
#uly
July
“PITTJALENGKA”.
July
July
"TIRAMPAR”.
July
23
July
Aus.
AUS.
•
AUK
Aug. 15
"RARTWAY"! *JIWANGI"
TJITJALENOKA"
"TJIDODAS" "TJILUWAR* **TASMAN"
"TJIWANOF"
TJPONDOK”
"BOISSEVÄIN"
“TAILUWAI
Aug. 21. Sept.
Sept. 1
Sipt. 9. Sept. 14
Page
To
Manila. Bingapore. Mauritius,
18. Africa & 8. Američa
Djakarta, Tiirebon Semarang,
"Burabala & Minchukar
Manila, Singapore, E. & 8. Airték Bingapore,
Semarang,
O durabila di Atucättar Bingapore, Penang & Belawan Dell RIDERPOTY, '1'enang & Bebym pril
Hingapore,
Jakarta
dürebuia de Atacurin
SOBIRTATI
Djakarta Treban, Semarang,
Barosglas Macassar
Bianlia, Bingapore. Penang
B. Afties
#
Manila, Singapore. Mauritian,
8. Afflex. America
Убрал -
Aluspere,
Djakarta,
Kuranita & Macassar
Semarang.
Djakarta. .treban, Semarang.
Bumabala " MACAKERY
Ringapore, Senang & Relawan Doll
Hingapore,
(Surahsia 2 Margiesy
Singasare,
[B. Africa & 8. America
Hemarang,
DJARRIER. Tjirebon. Semarang,
Surabain Macourir
Aingapore. Jakarta. Bemarats.
Harabala & "Macassar Kingapore, Penang & Botswan" Dell Singapore, Jakarta. Sematang.
Surabala' & Mrosmar
Djakarta, TJirebon,
Surabala Macassar Manila. Singapore,
8. Africa & 8. America
Semarang.
Manelipe,'
Bingapore, Djakarta, Semarang,
surabaja & Marimar
ARRIVAL B
June
"TARMAN" "TKGELBERG" "TJILUWAT"
"FAKTWAY** **TJIPAÑAS"
In Port
June
11
.Juna
19
From
Penang, Belawan Dell ♣ Singapore Марап
Manır. 'Curabala, Serinyang.
Djakarta # singapore Japan
·6 Airies, Mauritius à Singapore
General Agents,
HOLLAND EAST ASIA LINE
Manila, June 5. The United States Am- baasador, Raymond A. Spruance, is reported to BAILING TO EUROPE have fold the Foreign | AAGJERKEK" Affairs Secretary, Joaquin Elizalde, that the American Government would welcome any Philippine proposal for revision of the Bell Trade Act of 1946.
The section dealing with medical and health services opens with the good nows that a great measure of control has now been gained over diseaser, particularly those They mat this morning in peculiar to tropical countries Secretary Elizalde's office in the which hayo upused high morfint preliminary talks prior to bidity and mortality rates in the formal negotiations.
Foreign Office sources said that the two conferees tenta- "On the other hand," the Re-tively agreed that, the Philip- port goes on, "stubborn problems pines would submit proposals remain-such 13 tuberculosia, and terms for revision to en- now one of the greatest single able the early start of negotia- causes of sickness and of death."
tions. The conquest of tuberculosis, described as the "greatest social- medical problem in the Colonies," a likely to be a slow and costly business in the absence of specifie drugs for rapidly effective preventive measures.
Of leprosy, news of progress comes from Malaya, Nigeria Eat and Central Africa and the West Indian territories.
The proposed rovisions in- clude the elimination of parity rights for American citizens in the exploitation of Philippine natural resources, selective freo trade instead of the presen free trade, the elimination of limita- tans on Philipping rights to control and administer its own currency (The Bell Act pegs the Philippine peso to the American dollar and prohibits changes without the consent of the United States President),
Dealing with malaria, "the most universal menace to health
Under the present
Agreement in many tropical and sub-tropical
American goods - aro --admitted countries," the Report draws nt- tantion to the Ilaro Experimental duty free to the Philippines.
However, there are number Eradication Schome in Nigeria. of charges, such as a two per export from Fiji at the end of economic and social betterment This is an endeavour to prove peŋś-charge by the Import Com
whether malaria can be trol Commission for an import The total estimated expenditure
Various territorini aliminated from or at least cons
controlled in a hyperendemic area, foreign exchange used to piles permit, a 17 por cert dax on under the development plans now, stands | develo
the ultimate findings, chaso all except at over £430 million. Develop and ment
during 1981 el nuevo, wallet of abroad, and a seven par expenditure was running at an annual rate roof scientific and practical nes tax fer goods to be sold
૯. at retail. of about £100 million. On the value.
hand, other proposed expenditure is required to meet rising costs, Colonial development 18
is also being ham-
The outlook in regarded with concern, particularly as no new large-scale agricultural projects have been commenced.
much of the now
It may well be time to ex-pered because the steel and plore the posr'bility of re-cuit- machinery essential for building vating some of the crops which
and transport doc
does not come flourished in Fill and laid the forward quickly enough.
Total.rovenue (provisional) of foundations for its prosperity Before sugar, gold and copra the Colonial territories in 1951 were so extensively developed. Cotton, tea, coffee, cocoa and was of the order of £351 million and expenditure £300 million, In 1939 the Agures were £57 Bisal were an large exports in the past, and at present prices million end £81 million, respec- might be re-introduced profit-tively.
Expendituro from Colonial Development and Welfare funds during 1951-52 ran at a level of
£14 million. Total
amount
ably.
TRAINING IN UE,
A point of interest in regard to training in thu United Kingdom is that there are some 800 Colonial student nurses here
arc
now
up
taking general nursing, mental nursing or midwifery courses.
Recruitment of doctors has with greatly improved and, certain exceptions, the African territories
to catablishment.
The Report notes once again that only in exceptional cases can
the economy of Colonial territories I carry an establishment of government doctors which issued is some £65 million out would compare with the doctor
Kingdom
the United of the £140 million provided by the Acts of 1945 and 1950.
Of miscellaneous items Sterling balances held by the interest, one that may be noted DI Colonies increased substantiaily
rclatos to the during 1951, chiefly during the particularly,
of development broadcasting first half-year, and at December
at some £1,083 services in the Colonica. 31 were put
estimated to number two and a £850 million a year earlier,
half million, more than twice the DIG INVESTMENT Apart from the economic and number three years ago.
-(London Express Bervice) of Colonial financial aspects: 21-23 activity, the Report provides, as
The Rubber
Markets
London, June 8.
ratio in
Listeners there Prices of rubber futures closed million, compared with about
rubber,
today as follows:
Number
in pence per 1, July
August September
January/March
23-2514
arc now
3-4 the "Manchester Guardian Following The
United Press. NEW YORK MARKET
quota
"LITAR "ALMKERK” "ARENDİKERK”
SAILING FROM EUROFE
"ELITAR" "ALMHERK"
#ARENDSKERK”
"KIELDRECHT "AAGTEKENK”
Juna
July
Пере
Balla Itatterdam
Arrives
Ilon kang
Balled Apr.
In Port
KAY
July
ADE,
· Sept.
Анк
.Sept.
Ort. 1
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
M.S. "LAURA MAERSK” - M.S. "LEISE MAERSK” M.S."GRETE MAERSK"
-M.S. -"OLGA MAERSK".
M.S. "JEPPESEN MAERSK”
a
M.S. "HULDA MAERSK"
sent
The United States admits
of Philippines sugar and pbaca (Manila hemp) under a declining sliding scale and provides for a davourable posi-
for many other Philippines products entering the United Slates-France-Presse and As- saelated PreRU.
Grains Have
Mixed Day
over
Chicago, June 6, Graln futures joined most commodities in a mixed per- formance featured by erratic fluctuations in soybeans a range of almost 8 cents a bushel
Wheat futurça closed 51 to 1% higher and soybeans were 244 higher to 3 lower. Prices of grain futures closed today as follows:- Wurst-price per bushel Бро July September December
March Cern
*2.40 nominal
1-7314-14
Hoe't
3.3336-75
2.35€
2,342 201
30%
15
Now York, June 5.
higher to 25 lower.
September
Scomber
it," breathless
caintopuc puts
a variety of work done in as wide a
functions of
os of
torritories Thero
no measuring In fs money, to quote again from the
Spot
1941
U.S. System
May
28.80 27.40 bid 20.00 bld Associated Press.
Talpel, June 5. The Nationalist, government
system sent uncial year
a
July September Povember March Пус July September July
30.55-87
26.03-96
A leading spot firm estimated that entton acreage will be down about Ave per cent from a would make year ago which
around 20,020,000 plantings. acros, This would compare with of 27,017,000 1931 plantings
Futures closed $1 to $1.75 a balo lower than the previous
acres...
LIS
200 4013
close.
July
30 12
October
December
March
MAY
July October
1,90, 500 @ 120
1000 10,40
STONES, ETC.
18 22:00, 0.10
July
1. Crawford
COTTONS
Two...
MISCELLANEOUS --
Yangiwa
Kyn
解
3039 bid
-Associated Press,
NEW ORLEANS MARKET Now Oricans, June 5, Cotton futures closed $1.80 to 21.50 a balo lower,
Crude rubber futures closed 10"Guardlan," the value holera with decided to switch its pre- Beptembar
Exchange
Colonial
lal students in Britain.
are now
משם.
ал
The
Icdgo and experience Invested in
The
Colonics by Britain
educational side, On the the Report shows that while in beginning on January 1 to the 1039 only 300 Colonial students American system beginning on were attending British univeral July 1.
The decision to
adopt the now more than American system was made by New York Stockles, there are
5,000
ain, the Executive Yuan yesterday. now 3,400 studenta And there are
On the change-over in the various universities and university colleges throughout the government Becal year does not Colonies.
nies. It is demonstrated affect the business accounting Now York, June 6.
that the
poles ara Kstim, as it will maintains the Colonial peoples are Led by industrias, stock ex-
How calendar year their
alyle,--France- added about producing
scholars chango prices
** | Presso, and that teachers, valuation, in €300,000,000 October
Stools moved upward ranging educational Impotus of tremon- Pecember
than
on dous significance to coming March
heavy buying, attributed by ex-generations is in being.. May
Ralls Boot cotton, closed $1.40 a bole perts to short covering
The Report admits that in Tower.
closed in new high ground. Olis education and in health the tanks 20 20.10. Middling
gained a paint or two, Chel that remain are vast. Most of -Apsociated Pres. ·
Enis were generally a point the territories, it is stated, are
·TEXTILES, QUIET
higher Dealings, picked up to still poor and unable to afford New York, June 6,
Pannut oll; 'pår" lb.. Dow Jones overigens die
at the adequate social services. The cotton textile, market was
00. Now York 1414 cents. J Two signs of progress are Calor seed quiet today,
Businin bag end of the session
208.29 noted. First, in primary and long ton, 2.0.3. Fasthootings tapered off.
30 Industriais.
100.37 secondary education, ilustrated-alleg port ........” #180 do nominal The wool" goods, margot
20 ruila
Jax 2001 in Nigeria where today 9,000 bras), rop
·sped, slow. There was les activky1ultic
»Minneapolis;RENGJALDO 08.70 Government and assisted schools 40 bankla indrason to goɑdu/swclatol,
Press, willan-mirolment of one million
Exchange Rates
Business-we done in the local unometal #ichman :- market, this morning at the following rate Uži dolar (per (1) Cand Sterling note.(per 41) Indonesia, guilders (per: Blam" Bealan, (per; 109) Bijgapore" (direita)pponi
· 18.185
#3.71-74 $0.02-03 33.54 30.49 bid
more.”
1,410,000 shBRON,
2.03%
3.07
76-7575
Brek, 13.10 zomina),—United Presi.
Weekly Bank Statement
The Bank
London, June 8,
of England state- ment for the week ending Juno
renda as follows:-.
ARRIVALS FROM U.S.A.
In Port June 17
July
June 16
June 29
July 17
For Freight and Further Particulars please apply to:---
AGENTS:
JEBSEN & CO.
Pedder Building.
Foreign
Exchanges
In NY
**
Canada England-official
unofficial
Į
New York. June 5.1
ÜSILAIT 2781
i 30-day futures
80-day
New Zealand,
Australia
South Africa
Belgium
Denmark
France
West Germany
Holland
Italy Norway
Portugal Spain.
Sweden
Switzerland
MIDDLE EAST Easy!
Turkey
Tel: Nos. 86066-9.
London Stock
Exchange
Landon, June 5.
The Lanalog Seck Exchange was quietly atm in most Boc- tions. today.
British Government Anished up・ to a quarter
bonds of a
3.67 bid/-point higher. Speculators sent 1.60 and German potash loans up
2.18-9/16
futures
2.7721
2.2311
ЗГА
LATIN AMERICA Argentina
Holivia
Chile Colombia
Chiba Moxic Peni.
Vanizuéla
VAN EAST India
19
Most Industriale" "ward (tro-
much as 21⁄2 points,
guiar in liquidating.
2016"
ᏗᏓ
206" -27816
The Financial Times "daily Index of London stɔcks. was
0040-0/18 104,8, up 0.2
.9010
Japanese bondi
.... "A" (45. at 1600)
-"B" (43, of 1910)
C (63, of 1807)
D" (53. kit 1934)
E (0145, of 1934)
7734
0112
110
842
127
Consola 5774 — Associated Press
and United Press.
LONDON TIN
MARKET
London, June 5.
The the market closed barely Kleasty, with a turnover of 70
2003 tous, of which su tons were for
2004
Pakistan
3000
Hongkong
€1700
Indonesia
Singapore
·Japan,
200 yen to US
20,020,000
United Press}.
297,101,000
PEPPER MARKET
Nolen is circulation 10: £3,429,062,220 Publio deposits w
Private deposits
Seeds And Oils government curities
New York, Juno de Prices in the seeds and olis market closed unchanged with the following exceptions
PisÜnted: Preta;
Heegipta Da zatia
$1,400,000 31.799.000
Copra Quotation
0.3
Hindi New York, June 1.2; Copra, was quoted
per brain of stay!
Cocoamit oll – Won quoted at 95 cents a pound, asked, following etcles de 015 cents a pound, United Prat,
Now, York, June").
The pepper market ruted quiot nou generally unchanged.
costi. Prices closed at the end of the officiaă murning ・ansaion
| A# follows:-
2009 1in, buyers
Spot - tia, milers
Baulcisas done at a
| Three-monthe "ain; buyera „Tures-months' tip, seliore
Busines done at Batilemenj
879-977
Présu
Dealers reported a paum in German-Porsian Pact Arinder demand following good busineis carlier in the week. **Spot material was quoted trade agreement nominally around 1160,
Bonn, Juna s.. Germany has signed a with Parsia
afloats $1.45, Arat half Jane 000,000 worth of goods, each shipment $1.85 and July $1.28 a way, Lio West Clerman Eenno- pojinių, all on an ex-dock basla, mics Ministry -announced "hora -United Press
*****/toddy-Reuter.