MESSAGERIES
THE CHINA MAIL, TUESDAY, JUNE 17, 1952.
MARITIMES UK Purchases
MM
"BIR HAKEIM”
"MEKONG"
Arriving Leaving,
.June 24
Зало за
**LA MARSEILLAISE” Joną – 30
Mir 1 July 15. July 21
**MONKAY"
June 30
"LA MARSEILLAISE”
July 11
+"DIE HAKERI"
"MEKONG".
1. htt July 12 July 27 July 20 ...AUK. 8 AUR. 10
* For Passenger and Freight:
Outward. For
Japan
Kobs & Yokohama Украд
Homeward For
N. Attica & Europa Marseilles via Brigon
N. Africa & Surope N. 'Africa & Europe
+ freight for Saigon, Alexandria, Tunis, Genoa, Marseilles, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterranean ports vid Marseilles and West Africa by Transhipment.
· Madagascar by transhipment In Saigon or Djibouti.
Subject To Change Without Notica.
CIE DES MESSAGERIES MARITIMES P.O. Box 58, Hongkong
Queen's Building (gr. floor)
EVERETT
Tel. 26651 (3 lines).
LINES
EVERETT ORIENT LINE
Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-China, Siam, Malays, Burma and East Coast Indian Porta
"LENEVERETT"
Arrives June 22 from Singapore. Sailo June 22 for Japan.
"NOREVERETT"
Arrives June 30 from Manila, Sails
July 1 for Singapore, Penang, Rangoon &
Calcutta.
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 Salling June 26
for Singapore, Madras, Colombo, Bombay,
Basrah Karachi, Bahrein.
&
EVERETT STEAMSHIP CORPORATION SĨA Queon's Building, Telephono 31206. Chinese Department: Telephone 28293.
Diverting Orders To Lancashire
Manchester, June 16.
Restrictions by British Col-
mün
NEW PULP INDUSTRY FOR N.Z.
that
Wellington, June 16. The Prime Minister, Sidney onies on Japanese, imports to Holland, said today that the racet the balance of payments visiting Swedish financier and crisis are expected to result in industrialist, Mr Macus Wallen- the the diversion of substantial or-berg, had reported ders to the Lancashire textila establishment of the Murupara pulp paper industry, which has industry.
S. Winterbottom, Chair-Government backing, will prove of the Cotton and Hayon conomically sound and profit- Merchants Association, sald to-able if it is set up under proper
conditions. day th
restrictions on that the
the Sterl-
At a final meeting with the Japanese imports Ing Area were due to the large Prime Minister today, Mr Wal- Sterling balances hald by Japan lenberg submitted his report on and could only be regarded by the steps he considers should be Lancashire as a temporary ad- taken to establish the Industry.
Mr Holland told the report vuntage.
would not be made public for some time.
restore
This advantage, he continued, would give spinners and weavers the opportunity of showing whot
"Mr Wallenborg has warned they could do in the way of
us that we are entering a highly competitive prices and guaran-competitivo fold and that great loed deliveries.
and prudence must bo care
that the exercised to ensure "We have to try ip our position in these markets capital of the industry does not against the competition of con- exceed its productivo capacity,"
ashe said.. tinental suppiles as well thome of Japan, and prices are a
Mr Wallenberg has been in determining factor," he said.
Meanwhile, it was learned New Zealand for two weeks at
Govern that Mr A, C, Nwapa, Nigeria's the invitation of the Minister of Commerce, would ment to advise on the scheme.
Though preliminary work arrive in Manchester next Mon- day to discuss with leaders or is going on, the main develops while sources up purchase of ment le held and ten million are being sought for the neces-
capitet: pounds Sterling worth of Bri-Covernor of the Reserve Bank lih textiles.--Reuter,
is, at present overseas anding cut, what capital la avaliable."--- Router.
the
industry, the between five
The
Of Wheat
London, June 10.
Mr Ronald Russell (Con- servative) ^asked in the House of Commons today for an assurance that the Government would buy all bo the wheat that could goi
from Commonwealth countries.
Major Gwilym Lloyd Goorge, Food Minister, repiled: "We cannot, for
payments and balance of
buy operational reasons, our whest exclusively from Opmmonwealth countries, We shall certainly continuo to buy a very large pro-: portion of our total quirements from LELORO countries."-Reuter,
It-
Exchange Operation In Israel
LITTLE EFFECT ON ECONOMY
Tel-Aviv, June 16.. The first half of Israel's two-week compulsory loan ended today with roughly half the country's currency oxchanged and no marked adverse offects yet on the nation's economy.
Isracti The exchange of all
Issues and for new currency diversion into the Government Treasury of 10 per cent, of the largor bills will continue until next Monday.
Bunks to date have changed roughly half the total of £115,- 000,000 worth of bills in circula- tlon. Holders of the larger bills
those of £5 denomination and over-are being given receipts exchangeable Inter for Gover- ment bends covering the forced toon,
ނ
Ten per cent also is being deducted from bank deposits over £50, Proceeds from the loan-expected to total £24,000- 000 are to be used for economic development..
British Coal Exports At A Higher Level
MORE EMPLOYED IN THE MINES
London, May 26.
In the week ended May 17 the production of deep-mined and opencast cool totalled 4,508,700 tons, of which 258,700 tons came from opencast sites.
Japan Accepts Proposal
TRADE PACT WITH ITALY
Tokyo, June 16.
Ro
"TILEVAH*
"EASTWAY**
"TJIPANAS"
STASMAN“ · **LIWANGI
"TJIPONDOK”
"TJIPANAS"
The Japanese GovernALINGKA" ment
has accepted
an
the TWAH!
Italian proposal for carly conclusion of a trado and payments (agrogment. and will soon arrange for negotiations with Italy, the "FIITJALENGKA"
paper. Nihon| "TJIBORAS",
economic
Kelzai, reported today.
Trade between the two na-
NFEROCEAN
SATLANG S
June 20
Jupe 23 June
July
July
July
July
July 20
IKAMPER"
JAI AT
"THWANGI"
Aur. 2
ADS.
Aus.
Apr. 11
"TJILUWANI"
Aug. 14
"EASTWAY"
tions is conducted now without TASMAN" such agreement and is settled "TWANGI"
to the
in dollars.
"THPONDOK" According
Nihon "DOIBAEVAIN” Keizal, the Foreign Exchange Control Boord helloves the | "TJLUWAN" the following reasons:
In the corresponding week last year the out-italian proposal was made for "TIKAMPEK” put was 8,447,800 tons, which included the Whitsuntide holiday period,
For the 20 weeks of the year, the aggregate was 88,607,400 tons, compared with 80,732,500 tons in the corresponding period of 1951,
week tho Exports during wided May 10, the latest period for which ngures are avaliable, totalled 240,000 tons, while bun kers amounted to 02,000 tons. in the first 19 weeks of the year experts reached a total of 3,550,000 tons, compared 2,074,000 tons in 1951. Bunkers during the same period totalled 1,308,000 tons against 1,043,000 fens in 10 weeks of 1951. There were no imports.
with
Stocks increased from 13,000,- 000 tons to 13,800,000 tons in the week ended May 10, compared with 10,170,000 tons a year ago. Warmer weather accounted for a declitie in consumption.
Man-power continued to im- prove, reaching 715,800 on May 10. This was 500 higher than the previous week, and 12,000 compared with a year ago. Coal-face workers Increased by 000 to 291,600,
i
HONGKONG SHARE MARKET
(From Our Cotrosgondcas)'
Business done on the Stock Exchange this morning totalled only $149,767.20 in value. Noon quotations and the morning's transactions:-
SHARES BUYERS SELLERS BALES BANKS
1K Bank.. 1375 1400 151806
142 East 'Aaka
INSURANCES
alon Underwriters IPK Fi
1.00
16.20
EL
... 7035 The decision of the Miners' Executive to took a substantial, DOCKS, ETC.
Dock increase in miners wages has Provident been formally communicated in S'ha Dock
Coal Wheelock writing to the National
hag yet LAND, ETC. Board, but no dute been arranged for a joint meet-
BK Land Ing.
HK Land (B) HK Lend (R) S'bal Land UTILITIES
*Tram
SOUTH WALES TRADE
LITTLE EFFECT Long lines of people wait A strong tone continued in dally in front of all banks to
the South Wales coal trade, es- Apecially in high-grade qualities, exchange their old nates, number of additional exchange
which are bually engaged un- der
Only in the contract. centres will be opened in the cheaper sorts 15 business major towns to avoid a last- minute jam.
quieter,
But business during the first week of the exchange has been no better and no worse than Rates on the stock ex- usual. change have varied only slight
13.
A predicted run on stocks in the stores by shoppers has not developed.
The Covemmont expecta to raise some £9,000,000 from de ductions from the exchanges bank notes and another £15,- 000.000 from bank deposita. The money is expected to come frem more than 300,000 Iarucli citizens out of a total population 1,500,000.-Associated Press.
of
Launch To Be Used As Cargo Vessel
London.
་
Hotel
Star Ferry
Ligit (0)
012
400 # 10.30
10 1300
8.40 1000
C. Light (N) 5.50 5.4 Elected 2130 2135 Telephone .. INDUSTRIALS
13.00
6300 199
1.10
10
735
Coment ...: 144544.70 200 14 Поро с
17.30 STORES, ETC.
Datry Vatson
In the export section there' is a good demand from France and Spain, but business with is quiet, Italy and Portugal Business with Argentina is of modest proportions. There are heavy calls on inland account.
In anthracites fuller supplies COTTONS are needed to provide scope for Ewo dealing with now business. There is a ready call for wash- ed beans, which are firm
A brisk demand for smaller household nuts keeps the
absorbs the
of best and cobbles, machine-mad seasonal shipments account for good support of lower-graded commodities.
tone
16.00
71.80 27.20
1.00
8889
Arm, Export demand Business In
Cotton
Slows Down
(1) Imports by Italy from the "TJIWANGI! member nationa of the European
Payments Union are not going en smoothly. With a trade and payments agreement concluded with Japan, Italy aims at secur ing increased imports of goods. (2) The agreement is desir able because Japan's imports from Italy exceed her exports to Italy.
The Nihon Kelzai sald the Italian Government desires p dells account settlement in the ogreements while the. Japanese Government hopes for an open account settlement.
ACCOUNT" "SWING The Foreign Exchango Con- trol Board, in studying Italian proposal, will take into account the following points;
how the (1) Whether and
nts will affect Japanese agreements imports of Italian goods, cs-
pecially rice:
(2) Whether the
the
proposex
***JILUWAI“ "EASTWAY" TIPANAS" "TJWANGI
"TASMAN"
AUF. 21
Берь
Sept. 7
·Sept. * Bapt. 16
Sept. 2
Oct. *
BİRELDRES.
Page
mhuralista di Macausas
Singapore, Belawan Dell, Penang A
"Värt swattenhamn
Janan
Bilgahore, Penang 4-Polawan Pall BIBLARGIA (Dakarta,
MMuradpis AALACESKAT
Pijakarta,
Tiabon,
Burgbala, de Mecaniar "Manila, inaapi."""'X'OURDE
Africa
Manan, Svia Manila) VERTYBsripgre.
A
Hemarang,
~ ́~ ́~ ́H." Afrien ̈ ̈"U","America Singapore. Djukarta,
Kurabala & Macasigt Bakta
treban.
Säurebala # MACAMET Mingapore. Bjakarta,
MOMATARE,
Hurabaia & Macassar Bingapore, Benang di Belayan Dell
GUITADOTO. Mauriti
"B]Airte="248. Afanylen. Djakarta Wirebo
Burabala a Macassar Singapore. jakati,
Madurabala, & 'atacawar 2
Singapore, Penang Belawan Dall' Singapore, Djakarta,
Burgbala & Matasar
Djakarta Titrebon,
Surahsia 18 scaziar
Singapore,
DR. Atties A)8: Amorica Singapore,
kari
Burabain & Kiscasiar
Djakarta, Τίταρα,
Surabats & Mirasırr
BickaDore
Dakaria
Вирмонія Мисия
ARRIVALS
Za Port
Упла 19
June
Tube
23
June 29
Macassar,
From
Bemarang,
Semarang.
Mauritips,
SOMLYARE,
Herabata, Semarang,
injakārta & KIDEAPATO
Arles, Mauriting & Singapore acasts Sorakala, Gemarang,
Djakarta # Bingsvare Гарад
General Agonts.
HOLLAND EAST ASTA LINE
SAILINGS TO EUROFE
#BLITAR"
"ALMKERK"
"ARENDSKERK”
"KIELDRECHT"
SAILINGS FROM EUROPE
PALKKERN"
"AQENDSKERK"
"FIELDRECHT
"NWDENKENK"
agreements wit benefit Japan | "HLITAB" more than the present free trade" between the tions,
two na-
the "awing account" formula is adopted on the basis of open account settlement, Board officials feel the volume of "swing" should be decided in concluding the agreements, the Nihon Kelzai
said. - France-Presse.
FOREIGN
EXCHANGES
IN N.Y.
Canada
England-official
Australla
New York, June 16. .Uj1.03-1/16
unofficial
30-day futures
New Zealand
Denmark
France
West Germany
Halland
aly
Norway
Portugal
Spain
2.75-9/10 $255, bid/ 29.68 esited
DT/G-BEGO"...
Baila
Aprives Tiangkong
Salled
MAERSK LINE
FAST FORTNIGHTLY. SEDVICE TO:
NEW YORK, BOSTON, BALTIMORE, & FUIL ADELPHIA vis SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
June 19 ........ July
2 July 18
In Fort Buoy 42.
June 30 July 18
ARRIVALS FROM U,SA,
HULDA MAHBSK"
Do-day futures
2.7036
M.S. "LEISE MAERSK"
233
M.S. "GRETE MAERSK”
2.70
South Africɛ .............
A.19
M.8. "OLGA MAERSK”
Betglum
.01081
1450
4.20
2440
M.S. "OLGA MAERSK”
0018
.1400
M.S. "JEPPESEN MAERSK"
M.S.
0365
0914
313
Middle East
Egypt
2.881
.03125
201
Turkey.... Latin America Argentinin
$375
0500
.0005 4025
Pedder Building.
Sweden
Switzerland
Kräu ΙΤΑ
FROM THE WEAR Shipments of coal from the Wear overseas In the first quar
New York, June 18. Catton resumed last week's Brazt ter of the year totalled 108,855.
Chile tons compared with 11,170 tods advancing tendencies but busi-Bolivia in the corresponding period of ness slowed down considerably
Colombia 1031, and 524,830 in 1938. on the rise and at frequentcuba
There was a tall to 631,554 intervals camo to a complote Mexico
London halt, to tons in shipments
Uruguay and coastal ports from 646,357 months to in the first throe
Ring observers said that while Venezuela Far East apparently India of last year.
market was The aggregate the shipments of
the waiting for now incentives on Pakistan cool from
Rame i Hongkong Wear in the first quarter was the bullish side, at the 600,409 tons, an increase of time material at hand was con-indoneala 12,283 tons on the first quarter vincing enough to keep bears SingaDOTO.
of last year.
lamed
A pleasure launch, Philante 11, has left Southampton to cargo vessel in the become a
An unusual amount of activity In the Midlands, the settle- South Sea Islands. She was
disputes in the dry goods market last Now ment of the several bought by two young Zealanders, Atholl Rusden and in South Yorkshire caution in week, with the latest estimates.
sales of print who sold their improvement in production manufacturing business in
in Aucic the coalfield in the week ended sheetings and other fabrics at land to become copra traders May 17. Leading home users upwards of 75,000,000 bales,
requiremento made a a deep Impression, round Tahill. The after-cabins are having their
It was the largest buying and saloon of the vessel will be satisfied, and it is regarded as
further parable that
export
gulled of Tahiti to form cargo allocations will be made, Coast / sparge since the Korea Wax.
holds of 120-ton 'capacity.
The Philante 11 has a grues tonnage of 148 and is powered by two 225 hp. diesel engines. She was built during the WAT es a Falle B motor launch for the Admiralty.
the
Paru
Japan ....
*220*
360 yen 15 USŞI United Press.
UN Report On Latin America
wise shipments from the Hum with some optimists contending Commission wiil moke a scrica
ber ports are increasing es fur arc arranged. ther contracts
mixtures Large steams form the major part of a steady demand for bunkers,
7
And
H
crop
Rio de Janeiro, June 18, A United Nations Economic
ports on Lab American coun- of agricultural development - tries during the next three or
four years.
that it marked "definite turn? in the textile market after year and a half of depression, A good part of today's activity was centred on prening In its Fourth Annual Report,
first up in July before the
the U.N.Economic Commission notion day.
for Latin America sald the re- The
news remained
will be ports
done on an indivi- favourable but it had little dun? country basis and will marked effect.
economic analyse the The market opened up. 0 to 20 aspects of farm dovolopment In points. It closed up 18 to 20 the
different countries. The Points, July roso to 40,52 cents, reports are expected to provide a new high since early April, baric background material for then closed at 40.45-10.40, study of specific problems.
clovod today
Prices
}
A
41.80 40.45-40.40 37.03-37.34 31.17 26.00 36.01-30.23 34.95 A
34.70 bid
nited Pro
GOOD HOME DEMAND Her now owners frat visited
Home demand is strong. The the South Seps together on a railways are taking full cup
for pleasure cruise in 55-t piles to build up reserves schooner they bought. They
the bolidays, and the steel und were so impressed they
englacering Industries are tak esting prime and screened steams their businesses and in B-ft ketch, the Now as well as a proportion of open Golden Hind, which dustallart undertalings are fling their follows:
coal. Und and alectricity war was used by the Government to service units bunkers to enable them to meet fighting in the Pacific. They Industrial demands. The house, po
July into the trading and market is taking the full po October went copra business, then came to auction of coke; metallurgient December
March (1953). activos Brisland last January to buy colte is particularly
May in Scotland large coal is not y another
spite readily allocated in
Of October. The Philants 11. will all for Tahiti across the Atlantic calling sente essing of demand, Thero December at the Azores, Jamaica and are satisfactory movements of Berthuda, Parinms and the Galas graded fuels. Unscreened navi NEW ORLEANS MARĶET
gations aro slightly easier. Hard pages and Marquesas Islands.
Atholl Rusdon and Ron Baker,. and gag cole breezes are offer-Spot both 26 have a crow of nine, in-- ed in modernio quantities for October New York, June 10.
cluding two women-Miss Tommy export, and there are inquiries December 207.03 Copen was quoted today at windrum (24) of London and for hard coke nuts for shipment March
$100 por short dan, nominal. Jennifer Carlyon (25) - a nurto, abread. More hard coke in May 49.01 Coconut oil was quoted at 10 whose home is in New Zealand needed to satisfy the home mar 98.70 cents a pound asked.United Most of the other members of the hot, but gas coke is
*Press...
· erdw, nit' young men, -
quieter.. -Unit Fress.
NY Stock Exchange
New York, June 16. Dow Jones averages at the ena.of the stock market session stood as follows:
30 industrióla
20 alls 2
15 utilities
40. bonda
Overseas
Copra Quotation
July
October rallier December
40.73
40.4%
37.01-37.09
M130 1 $7.10 bid ;24.95 bld".
98.60 bid 24.90 hid
bread
LONDON TIN MARKET
June 10.
· London, · The Un market waS
quet
this morning. Tumover was 15 tons all for cash. Prices clowed at the end of the official mor- ing session as follows:
pot tin: buyer * 6oot tih, refilnews. Business Gone at:
Three-monthestia, bugo Thros-months, tit, selera Tarinan done at
* Bettlement
07315
BTB-27435
For Freight and Further Particulare please apply to:--
AGENTS:
JEBSEN & CO.
Tel: Nos. 86066-9.
The Rubber Grain Prices
Markets
London, June 16.
Prices of rubber futures closed
today as follows-
Number i rubber,
in ponos per 16. Fidy
August September
July/Beptember Octobes/Dreember Jamary/March
15-20
In Chicago
Chicago, June 16.
Wheat closed today to 1. lower and soybonos 1 lower to higher, "Prices of grain- mmfutures closed as follower- 25-26 Whens-prico per bumal 25.44 Spot 2543-24 July
Beptember
2416-24 Decombas
Unlied Press.
SINGAPORE MARKET.
Singapore, June 18,
today as follows:
Prices of rubber futures closed September
March
Afay
Com
Boot
July
December
Numbari rubber, per lb.
July
March Hyo
R524-00
July
August
September
Lygtembe
Onl Sully
September
Number @rubber, July, Number rubber, July,, 5015-00 Number rubber, July.. Anot rabber, undal
Blanket crepe kje
No. 1 pale crepe
no-125
New York flourer
50A0716 | $18,50 nominal=United 100-110
Exchange Rates
local
Dysicians was done in the unofficial okclipugo market th moming at the following rate: U.3. dolar (per $1) 0 Sterling note (per ei) Indonesia guilders (per 100) 3.14 Slam iscals (per 100 Singapore (tkalta)
Fic plastres (per 100) 30.225
JAPANESE
BONDS
London, June 10,
Japancao bonds
TA" (43. diz 190D) "3" (4 of 1090) VO! (4s. of 1007) *** (0.61 (1024) -"E" (53⁄41⁄2, of 1934) Consola
缺们:
BA016
New York Sugar. Futures
New York, Juno: 30.
World sugar futures closed,
today unchanged - ko' 8'higher with sales totalling 262 contracta, Contract No. 0 closed 1 lower to 3 higher with sales totalling. 198 contracta,
today
00%Spot
· 110
- 8311⁄2 | Juis
(Captrag)-20% d`(world)
November
*123 700k spot
Unitha Pro30,
$,10
nominal
Contract NaO