THE CHINA MAIL, FRIDAY, JUNE 27, 1952.
Pare '9'
MESSAGERIES MARITIMES World Demand Israel In The Throes Of RvTtrocean Laxes
M & M
Outward Fo
Kobe & Takobama Japan.
Arriving KWAYINE
"BIR HAKEIM”'
Juna ta July 1 :་ LA MARSEILLAISE”..June 30 July "MEKONG"
Jápen
July 15 July N
*"MONKAY”
..in Port
21
Irine 28 July
5
"LA MARSEILLAISE” „July †BIR BAKER" ******-AUS. +MEKONG"
Auf. A Aug. 3. Aug. 10
Shorthward For
N. Africa & Europe Marsiilias via saigon 29. Afjes & Kriopa K. Atries a Europe
• For Passenger and Freight. tfreight for Salgon, Alexandria, Tunis, Genoa, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterranean ports via Marseilles and West Africa by Transhipment. Madagascar by transhipment in Saigon or Djibouti.
Bubject To Chango Without Notice.
CIE DES MESSAGERIES MARITIMES P.O. Box 63, Hongkong Queen's Building (gr. floor) Tel. 26651 (8 lineş).
EVERETT
LINES
EVERETT ORIENT LINE Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippinca, Indo-China, Slam, Malaya, Burma and East Coast Indian Porta.
"NOREVERETT”
Arrives June 30 from Manila. Sails
July 1 for Singapore, Penang, Rangoon & Calcutta.
"BRADEVERETT"-
Arrives July 8 from Singapore. Sails July 9 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"
In Port Loading
Sailing June 27 for Singapore, Penang, Madras, Colombo, Bom-
bay, Karachi, Basrah & Bahrein.
EVERETT STEAMSHIP CORPORATION S/A
-Quoon's _Building, Telephone 31206.
Chinoso Department: Telephono 28293.
Commons Queries On Processing Of Japanese Cloth
London, June 25.
For Rubber
London, Jano 26.
World demand för rubber during 1052 expected to exceed the estimated sup- ply by 685,000 tons, scoord- ing to statistics inted tp- day by the Rubber Stady Group Secretaris). (""
It estimated that 2,825,- 000 tons will, ba needed during the усат from estimated production of 1,000,000. tom, compared with 1,880,000 tons in 1051.
Reater.
HONGKONG SHARE MARKET
(From Our Correspondent)
Business done on the Stock Exchange this morning WOR valued at $174,340,15. Noon quotations
and the morning's transactions: BHARES DUYERS BELLENS SALES
DANKS
Est Anla
INSURANCES
Canton Union
DOCKS, WÊC. K. What
Dock
Provident Wheelock
LAND, ETC.
HK Holel
HK Lond
141
77714
17.10.0
88888
10:30
10.00
600 @ 17.
10.50
403%
6.70
200 £1
1 Land (It) 13.
0 Lond..
UTILITIES
*Tram
13.90 91
1000
10
850 0
Severe Economic Crisis
MIS-SPENT
DOLLARS
THE MAIN CAUSE
Tel-Aviv, June 25.
Israel is now in the grip of a severe economic crisis. The recent compulsory loan of 10 per cent of all cash holdings in the country, and reported
Japanese Traders Find The
"TIPONDOK”
"TJIPANAG"
"BUY"
“TJILUWAU“
"THKAMPEE❤
July
“TJIWANGI” "TASMAN" “TJITJALENGKA“ July
July
July
July
July
10
July
An
#
AUE,
Aug
*TLIWANGI""
"BOISBEVAIN"
"EASTWAY” *FUTJALENGKA” ARE. D
"THBODAS",
plans for a further capital levy following on the Going Hard DANE
unsuccessful request for a £5 million British loan to buy oil, are evidence of the emergency ex- pedients now being tried to maintain Israel's solvency at home and abroad.
The foundation of the new State, and the in- flux within four years of 700,000 immigrants, thus doubling the original Jewish population, have ob- viously created serious economic problems.
"THLUWAI“
MAKASSAR"
"VAN HEUTEZI **STRAAT Tokyo, June 26. Japan's import and ex-
"TJIWANGI" port firms, which had ex-
"TJIPONDOK” pected to do good business
following the "DolSIVAIN” overseas
'PHRMIS – BASEINDE,
Bingapore, Penang'a' fislawan Doll Japan (914 Manging zijakarta,
Burabala & Macassar.
Mianita,
SISERDOTS..
*. & 4. Africs
Semarang, "Penang
MARILA Singapore. Mauritips,
8. Afries & D America - Dimenpora, Diskarta,
Burabola di Mientiar Djakarta, Firebon,
Burašala A MICKIERY KIKENYGTE, DJakarta.
Burbála & Macassať
JAEKA
Sénating,
Beátang,
Bogapore, Penang à Belawan · Dell faanila, singapore, Mauritius,
8. Adrien 4.5. America
DJakarta Tursbou, Gemarang,
Burakala a Macassar
Теран
Semarang,
Singapore, Penang à Balawan Doll-
Aug. 13
Auz. Avg. 18
Aug
Bingapore,
Die Bürabalu #DERCARRAL
24
Sept
Japari
Bingapore.
Бере
Djakaria, Korabria & Macassar Djakarta, Tiihon,
Samatang.
Bemarang,
of
"TJIKAMPER"
**TJWANGI"
"STRAAT""
Sept. 7
Sept.
Sept. 16
24
Oct. 2
Mauritius,
9
Bemarang,
Semarang,
Bemarang,
Oct
P
MAKJEBAR"
"TJIWANGI"
TASMAN
restoration of independence, LLUWAN" are feeling the effects
continued dullness in their activities abroad.
These have been made worse Israel's large and efficient Flims hod set up overzeas by the initial war against the armed forces, on which she is branch offices hoping for good Araba and tho subsequent believed to be spending some business after Japan's depen- maintenance of a large and 60 million Israeli pounds this dence. Unexpectedly, however, expensive army. But these year, are also used as a "melt- | their branch offices and agencies dificulties have been exog-ing pot for new immigrants, have tended to shrink, and they Kerated to some extent and as a means of supplying agri-have been obliged to send back "IJALENGKA” expericncol observers in Tel-cultural labour and also, politi- Bome of the members of their
"RUYN” Aviv belleve that Tarael's cally, as a bait to the Western staffs to Japan.
*TJILUWAU" troubles must be attributed in Powers for their continued sup part to domestle mismanage-port. It is hard to
foresco
At the end of May, the number overseas branch offices and ment.
whether In more normal com- of
of Japanese Artebb The Arab oil blockade is metpetitive circumstances agricul agencies
ip-ictalled 47, including 10 in New a serious factor in Israel's pre-ture here will be able to sup-
York. 16 la Karachi, Bangkok, h ca vy sent fuel difficulties. It does part not cut off oil supplies to Israel; it merely makes rather more expensive.
the
present
them in machines and Bombay, and other South-East-
and
Asian countrios. Many of these
branch offices are contemplating a further cut in their overstas pirsonnel.
Although Israel is now pass The number of new iming through a difficult phase it migrants does not, in fact, ex- is clear that, in the short run, ceed the number of Arabs who so long as the flow of gift del-
The principal reason for this left the country and whose lars from American Jewry is phenomenon is apparently the not suddenly and drastically recurrent stagnant trade in the
many of Induced, she is in no danger whole world.
collapse economic
except internal mismanage
However, according ment, and the recent measures informed sources, there are other indicate that past mistakes are
reasons for the situation, Double tax burdens could havo beon beginning to be realized,
avoided if tax agreements and pacts of commerce and naviga- on had been quickly concluded with the United States and other South-East Asian countries,
land, houses, workshops other property are now Bar Ferry
Jewish hands. Immigration is C. Light (0) 8.30 0.40 300 830
now reduced to a comparative through 1000 41 8.90
trickle of about 1,500 a month, C. Light (N) 633 1000 DAD
as only "selective" instead of Electric
DI 21.30
mass immigration is now being Telephone.. 25.50 16520–150 € 18
offlelally encouraged.
INDUSTRIALS
Cement
24.40
Pope
500 14% 27 17.30 +
STORES, ETC.
Dakry
Watson
16,60 1190 3000 @ 10.70 1500 10.00 21.70
COTTONS
Swo
1.00
Foreign Exchanges
In N.Y.
Canada England
Tictal unomcial
;
New York. June 26.
US 1.0331
20-day futureR EO-day futures Austraila
2.47b10/260
2.7014
asked 277-13/10
2.478
222,
New Zealand
Bouth Africa
2.784%
Belgium
1
Denmark
7455
Franco
.0021-3/10
West Germany
4.20
Holland
2039
Italy
0018
Horway
3405
Portugal
0770
0365
0034
Bwitzerland
Middle East
Egypt
Spain
Rweden
Zran
0314.
Trac
2.12
Turkey
374
Latin America
Argentina
.0040
Brazi
0200
Bolivia
Chila
4063
1.00
1755
Colombla Cuba Mexico
Реги
Uruguay Venezuela
India
The President of the Board of Trade, Mr Peter Thorneycroft, asked in the House of Com mona by Lieut.-Col. W. Schofield (Conservative) Far East whether he was aware of the alarm caused to many cotton spinners and manufacturers by his decision to extend the markets to which Japanese cloth brought to Britain for processing might be re- exported, said he had had no complaints.
Mr Thorneycroft pointed out the present time is very prent that the issue of new licences indeed,
particularly
in
Fakistan Hongkong Indonesia Bingapore Japan
பலர
1950
2003
to
in the long run, if she is to become less dependent on large AMBITIOUS SCHEMES
American aid, whether private At the same time
foreignor Governmental (at present money, chicfy dollars, has her exports pay for only 15 per been pouring into the country.
cent of her imports), Israel In addition to Arab
A corporale fax is imposed on property win have to use her resources
branch mako left behind, Israel, with a pre- more carefully,
more overseas
offices under serious efforts to increase her Japanese traders by both tent population et still 1,500,606, received in the exports and probably have to Japanese Government and past four years over $700 mil accept mora modest standard foreign countries. lion in foreign gifts, loans and of living than is now enjoyed aterling releases,
from by a substantial part of her aport
Immi- foreign investment and
population.
grant C considerable flow of
But this
foreign exchange has been teo lavishly spent on ambitious capital development schernes without sufflelent regard for tuel import of raw materials, buch as oll, and essential con- sumer goods, or for the volopment of exports.
The Rubber
Markets
Singapore, June 26. Prices of rubber futures closed today as follows:-- Number 1 rubber, per in.
July
The positive results of this expenditure, can
be soen
all over the country, but especial ly round the bigger towns, in new factories, roads, housing September
and Number 2 rubber, July farm settlements estates, machinery. Tho negative Number rubber, July.. effects are a severe. Inflation: Number rubber, July
August
Spot, rubber, unbated.. which has reduced the Israeli Blanket crepe
ONCE on e par
a real value
with
of
No. 1 pale crepe.
diverted five shillings, production from exports to booming home market and created all the paradoxical in-
of equalities
controlled economy in which the controls do not really work.
a
9734-90 9734-90
9333-0432
09-8013
8415-8515
114-118
United Press.
Dealers'
NEW YORK MARKET
New York, June 20. Prices of rubber futuras closed today 25 to 85 higher with sales totalling 186 contracts, covering and the higher trend on the primary markets shaped the price trend. Prices closed today BIG BLACK MARKET
as follows- There is a flourishing black"
September market and considerable tax October
hits November evasion. Official austerity
December (1095) inflation's usual victims, the January honest citizen OF unlucky February
March people on fixed Incomes.
April whoso skuled worker
omelal
May rate unlon
ia threo Izraeli Junio to July pounds a day may earn up
August ton pounds dally under private September
without paying arrangement tax on the surplus. Since the
of this year, beginning creases in the official cost-of- raised living allowances have
in-
$2.00 31,34 nominat 30,67 nomirini 30,00 3951 nominal 20.03 nominel 20.55 nominel 23.29 nominat 27.35 hid 27.42 pominal 77.00 bld 56.53 nominal
2028 nominat
Sarabsim da Atacassar
Singapore.
America
8. Africa & 8. Bingapore.. Dizkarta,
Buradala & Matashar Djakarta, Tureban,
Aurubala & Micasan
Singapore, Djakarta,
Burakala & BACKEFRY
piantia, Singapore, Mauritule,
B Alles à i America
ARRIVALS
Maramar, Kurabala, SOMATES
Djakarta & Singapore
Japan
8. America, E. S. Africa,
Mauritius & Singapore Tapass
Blacantăr Surabaja, Semarang,
Jakarta Singapore
Jikop 27
July
July
July July
·
From
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
1
NEW YORK, DOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
of
the
the
M.S.
Overscas
· M.S. "OLGA MAERSK”
M.S., “JEPPESEN ́ ́ MAERSK”
Some Japanese branches, in an attempt to avald double taxation, have established themselves as an in- dependent organisation under the laws of the country in which they are situatedi.
Such "independent" corpora- Rons set up by the JapanESI numbered 14 at the end of May,
with five more such ums being planned-France-Prestie,
Cotton Prices
In New York
New York, June 20. Prices of cotton futures closed today as follows.--
Epot July
October
40.15
30.70
33.78-36.13
Unlied Press,
NEW ORLEANS MARKET
Spot July October December
March (1933) May July
October Decenter
30.71-30. 30,78-3
United Pres.-
JAPANESE BONDS Japanese bonds
United Press,
LONDON MARKET
even the official wage rates by
London; June 20, Prices of rubber futures closed today as follows:--
per lb.
2014-29
August
October/December
April/June
20% nom.
"A" (43, of 1890) “B” (la, of 1818) "C" (48 of 1907) "D" (65, of 1934) "E" (520 of 1934) Consola
78 66% 110
88
127
50%
now
United Pres.
35 Israeli pounds a month. Number 1 rubber, in penço
New facfortes are often idio
or on short time owing to lack September of imparted raw materials. In spite of В
2001
2030
3616
300 yen to
United Press.
t
appears
big expansion of in- January/March dustrial capacity, Israel
logy
to be exporting Callowing for Currency
and
prico adjustments). than cquivalent territory under the
citrus, has been neglect-
to Import Japanese cotton and Lancashire where spindles and New York Sugar sandale. The country's stopic
rayon grey cloth is at present looms are stopped for want of suspended. There are, however orders? Will my right honour- Importers already holding able Friend bear that in mind? licences granted on their under- faking to re-export these goods to certain markets after pro- certainly cessing in this country,
Mr
:
Futures
will Thorneycroft: 'I
New York, June 20. bear in mind the World sugar futures closed points made. There is, in fact, today unchanged, to a higher only one such case. The Man with sales totalling 18 contructs "My decision to consider any chester Chamber of Commerce such individual cavos for re- were informed of what was
Contract, No. 6 closed 1 to 0 exporting the goods to limited happening, and I certainly had higher with sales totalling 45 number of additional markets no complaints from them contracts, was intended to help move the Express Service, present heavy stocks and so
clear the way for new orders
for Lancashiro cloth,
Each
application will be considered
with this object in view.
"I am not aware that alarm
has been caused by this decision,
which has been takon
In the
Contract No. 4, (world)
421
4.19 nominal 4.22
LONDON TIN
MARKET
July September November upot
Contract No, 10-
London, June 20.
Septembar November Spot
$.00 Unlled, Prens
ex until recently owing to off-
ed..
for
clat muddle and lack of skilled agricultural labour. Now Im- migrants, who often lack ofther the
training от inclination
to Block to agriculture, tend the towns, where higher and living easier in farming.
Waxes are than
RECORD GRAIN HARVEST
Nevertheless, great efforts are being made 10 increase farm output, especially of grain, by mechanimations and intensive. forming. Helped by: good-wen-
ther 0 record grain harvest
has beef reaped in the northera Negev this year. This and other netive measure to develop the country's limited natural re
minerals, tources, especially
will help eventually to reduce; dependence exports
How far the present heavy
bust interests of the Lancashiro "The tin markat was steady this cotton Industry as a whole"! morning within tumover of 80 Livut Col. Schofield: May 1 tons, of which 20 tons were for aat if my Rt. Hon friend does cash. Prices closed at the end of Exchange Rates capital invertmeat Will in tirao
not agree that these re-exports
tho offelat morning session as follows:~*
of Japanese cloth must displace*** Wood cloth that could be manufac-Spot,th, buyers sured in this country and that of un, pellets although the quantities which Business dome of
Treo-catha, klan, buyers may be re-exported may not be free-months in, weil
treal, the gaydolugical effect of using done at
e-exporting Japaricao cloth: Di
Bettlement
71033-000
TOMIJOIK
رایم
inike' Ioracl call-supporting is dlineult to essein de however, Businer was done in the local owing to complicating politient, military factors: Many farming sellemente, for
・ロ Indonesia suriders (100 exemplay have been stablished
$10 for political and strategie 31.00 much as economic reasons, es-
1.02 13.375. pecially along the frontiers.
exchange- markatz, inks, social and morning at she following rotesisinin
11.8, Ablime 1pm (1) 30202 0.0320
Aterime note: (per #4)
Stern dieris (per 100)
Bingapore (Bbcsits) *.......
uted Preza, FIC Pigstres (per 100)-6n
ZACZACOTAC TACOTACO
"GRETE MAERSK”
ARRIVALS FROM. U.S.A.
M.S., "HULDA MAERSK” M.S. "TREIN MAERSK” M.S. "PETER MAERSK❞
July
2 July 16 July 30
July 20
Aug: 5.
Aug. 10
For Freight and Further Particulare please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building.
Tel. Nos: 86066-9..
M.V. "LA MARSEILLAISE" will sail for
Yokohama and. Kobe
on
TUESDAY, 1st JULY 1952 at 7. P.M.
Passengers are requested to board the vessel with their cabin baggage on the 1st July between 8 and 6 p.m. Baggage room and Hold Baggage will be registered at Kowloon Godown .No. 50, (No. 2 Gate Canton Road entrance) on June 30th between 2 and 5 p.m. and on the 1st July from 9 a.m. to Noon only. No baggage will be registered after this time.
Compagnie des Messageries Maritimes
Queen's Building.
United Presa
Thai Airways
CALCUTTA
TACOPACONTACTAC
“THE TRADE ROUTE OF THE ORIENT"
DANGKOK
RANGOO
PEHÀNG:
SAIGON
INGAPORE
KONGKONG
ОЮНАНА TAIPEI
TOKYO
Tel: 26601.
234
#SKYMASTER" comfort, and speed. For business or pleasure lly
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