Page
THE CHINA MAIL, TUESDAY, JULY 15, 1962.
MESSAGERIES MARITIMES A "New Era" In The Colonies'
MM
*MEKONG" "GRENOBLE”
Arriving Leaving
July 20 +-July 10 ........Aug. 21 'Aug. 25
**BIR HAKEEM” ..................July
+"MEKONG"
July 31
• Aug. 8 Aug. 20 *"FELIX ROUSSEL" %.....Aug. 18 Aug. 18
• For Passenger and Freight.
Outward For
Экра Europa
Botheward For
N. Africa & Europs b. Africa d'Europa Marschler via Manita
† freight for Saigon, Alexandria, Tunis, Genon, Marseilles, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterranean ports via Marseilles and West Africa by Transhipment, Madagascar by transhipment in Saigon or Djibouti. ·
Subject To Change Without Nation.
CIE DES MESSAGERIES MARITIMES P.O. Box 58, Hongkong Queen's Building (gr. floor)
EVERETT
Tel. 26051 (3 lines).
LINES
EVERETT ORIENT LINE Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-China, Stam, Malaya, Burma and East Const Indian Porta.
"LENEVERETT"
Arrives July 26 from Manila. Sails
July 27 for
"REBEVERETT"
Port
Singapore, Swettenham, Penang, Rangoon
& Calcutta.
Arrives Aug. 5 from Singapore. Suila
Aug. G
for Japan.
(Accepting cargo for transhipment Kode/Pusan)
EVERETT STAR LINE
Fast cargo and refrigeration spaces available for Koren, Japan, China, Philippines, Indo- China, Siam, Malaya, Ceylon, West Coast Indian and Persian Gulf Porta
FIRST CLASS PASSENGER ACCOMMODATION
M.S. "NORDSTJERNAN”
Loading July 20 Safls
Kobe, Osaka, July 21 for
Nagoya, Yokohama & Shimizu..
(Accepung 'cargo for transhipment Robe/Pusan)
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Tolephone 31206. Chinoso Department: TelephonoTM 28298,"
The Rubber FOREIGN
Markets
London, July 14.
Prices of rubber futures
closed today as follows:
Number 1 rubber,
In pence per fo.
August
September
October/December
EXCHANGES
IN N.Y.
New York, July 14.
US$1.027
unofciat...
2.791 2.57 bld/ 2.00 asked
2074-27
20-27 20ショー 245-20
Canada
England-Oficial
LA
24-2435
*
-United Press.
30-day futures Do-day futures
2.78% 2.704
Australin New Zealand Bouth Africa Belgium
2.234
-2.7012
2.7012
01003
Denmark
4435
0028-3/14
4.20
2031
,0010
1405
0370
0345
.0035
Jamiary/March
April/June
SINGAPORE MARKET
Singapore, July 14. Prices
rubber futures closed today as follows:-- Number I rübber, per lb.
August
France .............. West Germany Holland
- Italy... 09-06 Norway
- Portugal
Spain $514-80 Sweden
Switzerland 2015-81
MIDDLE EAST 78-77
October
August
September
Number 2 rubber,
Number 3 rubber,
August
Number 4 rubber,
B014-00 Egypt
2.3814
00-71 Iran 101-114 Iraq
Turkey
.03125
2.70
5378
LATIN AMERICA
Argentinia
0340
August
Spot rubber, unbsled
ninkai crepe
No. 1 pale crepUnited Fress.
Grain Prices
In Chicago
Chicago, July 14.
Draz! Bolivia Chile
Prices of groin futures closed FAR EAST
Wheat price per bushel
today as follows:
ра
Septeraber
December
May
Corn spot
March
20 July
Reptember
ecember March
Colombia Cuba... Mexico Feru
Uruguay Venezuela
2007
3016
Barter Pact With Japan
+
The
Bangkok, hy 13.
That Government- has decided to sign a 500,- 000,000 bactes agreemens with Japan,
Under the contract, which is to come
into force this year, Thallani will
Japanese kinport hardware and Tallway equipment.
ere
The present Thai-Japan- trade agreement, amounting to $55,000,000, expires at the ond of Jnly.-France-Presse,
Allocation
Of Metals Announced
Washington, July 14.
Materials The International
the Conference announces
of Free World distribution
of molyb 5,650 metric tons 112643
quarter denum for the third
of this yoár,
The distribution of ores and
In metric tons:-- concentrates,
Austria France 250; Ger- Japan
00:
Attitude To Trade:
Warning To Exporters
London, July 14:
A warning that British. exporters may lose the valuable and expanding markets of the Colonial territories unless they recognise the Colonies' natural desire to get the best bargains wherever they can be found is contained in a leading article in the current issue of "New Com monwealth.
.
Evidence of what is regarded as a “new era” in Colonial markets is seen in the recent visit to this country of Nigeria's Minister of Commerce, Mr A. C. Nwapa.
According to the magazine,. Mr Nwapa made it clear that, while he was anxious to see how far British manu- facturers could meet Nigeria's requirements for goods now bought in foreign countries, the interests of his countrymen came first. Price, design and quality were the governing faclors.
"New Commonwealth" points out that Mr Nwapa's statement followed closely on the visit to Holland and Britain of a Gold Coast delegation whose primary was to investigate the object possibility of importing pre-cast howes.
Like Nigeria, the Gold Coast is looking for the right price and quailty, combined with assured deliveries.
advantage,
will Inter- Commonwealth trading arrange- ments, it continues.
CANNOT LAST
In addition, the present, need for the Sterling Area countries to cut down their purchases from utside the Area gives yet an other breathing space.
But
It cannot last for over, and before the Sterling Area is once more in balance with the many 225.5; Italy 13: 70; Netherlands 3.5; Sweden "The trading polley of these outside world, the full impact of
Switzerland 2: United two West African
from Japan, territories, the competi
and other Industrial Kingdom 601; U.S. 4,113.5 and both well on the road to self-Germany on reserve 4.5.
Lovernment within the Common- countries will assuredly be felt,
Within the primary wealth", the magazine says, "is
the next few years, The distribution of products, in metric tons Aus cicarly that which will in due "New Commonwealth" points out,
Bel-course
standards be followed by other living tralin 23.5; Austria 18.5;
the Colonial fat territories will rise markedly. and
23 countries not glum
Luxembourg
This will lead to an ever- Canada .97; Denmark 1.5; Fin advanced.".
India land 3; Formosa, 16
.15;
2; Long-established ties will still increasing deinend for a steadily Italy 34; Netherlands 4.5; New
widening range of emphatic
goods and Zealand 4,025; Norway 3; Por- tugal 2; South Africa 6; Spain
U; Sweden 6; Switzerland 11: Turkey 1.75 and Yugoslavia
2.23
The Conference also an- it had recom- nounced that
distribution of of tungsten
mended the
4,000 metric tons
1952 in the third quarter of
ciations. TTING among 24 free proposed allocations in ores and in metric tons, are
con
25
U.S.
2,335;
335: United Kingdom 950; Germany 435; France 303; Sweden 118; Japon 84; Canada 70; Italy 40; Australia 20.2; Spain 20; Netherlands 9; Swit- Austria, Belgium and
5 each.
give
Britain
Jet
14
HONGKONG
SHARE MARKET
(From Our Correspondent)
the Stock Business done от Exchange this morning amounted Noon quotations to $351,442.25. and the morning's transactions:- SHARES BUYENS BELLENS BALES BANKS
51390
11K Bank East Asia INSURANCES
Canton Underwrilere
The Conference recommend- ed the following distribution of primary products of tungsten:
Bel- 45; Austria 35; Canada
und gium, Luxembourg, Italy
Spain, South Africa 15 cach;
SLIPPING નર્ક Switzerland and Yugoslavia each; Sweden 12; Netherlands DOCKS, ETC.
Tur 9; Norway 82; India ; key and Austria 5 each; Fin- land 4; and Denmark 1-1/5.— United Press.
Price Of Sugar May Be Reduced
Taipei, July 14.
beileve Trade circles here that Taiwan will eat down slightly the price of export
sugar to Japan in view of the
recent decision of the Japanese Government to defer allocation of the quota import for Talwan sugar.
Three months
*go, Talwan and Japan signed an agreement exchange of providing for an 100,000 tona of crude
sugar
against an equivalent value in ammonium sulphate fertilizers, Japan then switched its demand from crude to refined sugar,
price asked by the
How the was
Coll
the sidered by the Japanese Board of Trade to be too high com pared with that prevailing on
world market."
Asla Nav
142
BQ 215
6 5.20
1.55
20
K. What NP, Whart 885 Dock
12
Sat Dock Wheelock.. 424
10.30
43 50% Hotel... 0.10 0.00 500 0.83
LAND, ETC.
IK Land
2800 0.00
44 4535 (D) 434 435 50 € 425 Shat Land 1.30 -Humphreys --, 1935 UTILITIES
Tram
Peak Tram
18.70 10.30 100 10.80 1850 £ 18,830
F6
Star Ferry.. 96 骂
C. Light (0) $.60 0.00 7000
C. Light (N) 5.6 5.75 Electric ... 23.10 22.00
Telephont INDUSTRIALS
Cement STORES, ETC.
Dairy Watson
services,
"The time to prepare for that coming demand is here anu now," the magazine continues, "and not when competitors have been able to re-establish them selves.
ESSENTIAL NEED "It is essential, above all, to make a clear and realistic examination of Colonial needs, and to adjust the price and quality of products to meet the challenge."
There is a warning here, it adds, not only for Britain, but for those Dominions which plan to continue the their secondary Industries, hoping to find markets inside the Com monwealth.
expansion of
"Whatever the degree of co- operation achieved in Common wealth trade," "New Common- wealth" concludes, "il can never completely over-ride the natural
Japanese Debt Proposals
fo
ROYAL
"TINUWAR*
"VAN HEUT82”
*IJIKAMPEK"
"TJIWANGr ❤MÕISSEVAIN" *TJRJALENGKA“
NIEROCEAN
SAILINGS
taly 18 July July - 11
Aug.
Ank.
| "STRAAT BANKA" AUK.
«PJIBADANIY “TJIBODAŽN
OTHLUWAIT
"VAN ĐÊDYEZT
STRAAŤ
MAKASSARM
•
Pago ..
SIREA POTE,, Djakarta
**WOYABRIN 'm Atacaran? #pati
Djakarta, Tilrebon, Bemarang.
Kurabala, & Macassar
Bingapore. Djakarta,
surubata & Machspr
Japan (yla Manlia)
Semarang
singapore, Mauritius, 8. Africa d
America
Singapore, Penang. Belawan Dell,
Brombass, Tanga, Zanzibar, kurs e-Salaam,
Abrican
Japan
Atries
Djakaria Trebau, Somayang,
Burabala & Macassar
ADC. P
Abp. 12,
频软kg. 童校
Bingapore,
Djakarta, Bemathos,
Buradala & Mincassar
A. 27
Bept.
Jayan
1
#TJIWANGP
Sept.
Singapore, Djakarta, Bemarang,
"TJIPONDOK"
"DOISIEVAIN",
"TJILUWAIT
*TIIKAMPEX”
Bept.
7
SmaRE
Sept. *
SIauritius,
Bapt, 10
"TEGELDENG" "TUWANGI"
Oel, 15
10
*30
Elapore, Penang &. Bèlawah Deli
Burabela & Machisar
Djakarta, Trebon,
Surabala & MacKasar
Manila,
Kingapure,
8. Africa à 8. Ameries
Singapore, Djaketta, Bemarang.
Burabala & Macassar
Djakarta, tress,
Brinataage
Semarang,
"STRAAT
"NAKABBAR" "TJIRODAS"
"TIILUWAN"
Bøpt. 25
Oct. Oct.
Oct. "
Aurabaja & Macassar
Гарди
shiga, Djakarta,
Surabala & Mimenukar
Manna, Singapore, Maurile,
8. Africa A, B, Amertra
Jakarta: Tirebon,
Semaran
Burnwala Macassar Bingapore, Djakarta, Semarag
Surabala & Maranat
ARRIVALS
From
Mixcassar, Surabala, Hemata,
Djakarta © Ringupote bjakurts, Zemarang. Burabala
MACENEST
E. Africa, Mauritius & singapore Japan 3, America, B. Africa, Maurities,
Kingapore & Manila
*THLUWAIT**
"VAN HEUTAZ”
"ТЛКАМРЕК" "BOISSEVAIN”
London, July 14. The Onancial adviser the Japanese Embassy in London, Mr Takashi Ihara, "TWANGI" told the Sunday Times cor respondent that Japanese proposals for the settlement of Japanese debts to Bri- Lain, France, and the United States will be reasonable, practical and very simple.
Mr Thara, who returned here recently from Tokyo, is to leave for New York on Friday to attend the conference on
debts. Japanes
He added that the proposals would be "just for all debtors," The Sunday Times correspon-
said that he had the in
hot that Japan was ready to pay back capital and interest without making any attempt to reduce the total duo.
The New York conference is to start next Monday and must settle the problem of payment of £83,300,000 due to Britain
of by Japan,
US$124,700,000 due to the United States, and of 430,000,000 francs due to France. These sums. which include capital and interest. represent pre-way loans granted to Japan.
BRITISH ATTITUDE
Competent circles said that Britain's attitude at the New York conferenco will be one of firmness concerning the dollar clause as inserted in rome French and British loans..
Should the United States
object to the im
clause, msire to get the best barzeeof this
did at the time of the
on
Gematry's wherever they can be found; still negotiations less can it be used as an exeise debts, these circles foresce that for inertia, inelelency and simuar difficulties will arise.
They pointed out, failure to supply
the customer that it was not impossible that however, with precisely what he needs, at the price he is willing to pay, London Express Service.
MENACE TO
FREE TRADING
an agrecnient on German debts might be reached this week be- tween the creditors. Such an agreement, they said, would be a good amen for the New York conference,
They added that Britain would insist on imme- diate payment of stocks which have become due.
Payment of interest could be. spread over a period of years. However, it is not expected in London that the Japanese pro- posals would provide for im- mediate
payment. - France-
Washington, July 14. Washington, headquarters of Presse, the insidious "five per center" the go-between who is alleged to take a five per cent rake-01T 24.ʊ 500 @ 24.79 when negotiating · ́Government contracts now
has mensee on the prowl, it revealed tonight by Mr Averell chief of America's Harriman, foreign aid programme,
12.20
11.00 ..... 1816 00:00 1000 @ 2016
18.20 18:5
Crawford 22.90 (R1k) 8.50 Wing On (1K) COTTONS
...... 2.40 245 2000 KWO
10 @ 60
2425
1000
2.40
1072
2.40
MISCELLANEOUS
Yangtze
4.20
Cotton Prices New York
Bect
40.20
€0.63
In
Although official circle; re-
New York, July 14. fused to comment, it was under.
Cotton futures closed today as sleod that the departure of the Еспета).
of the Talwan follows:- Corporation
for Tokyo July Sugar
con- October tomorrow morning was nected with my Nationalist December.***
March (1653) offer to cut the sugar price May lightly to match Japanese re- Ju
October quirements-France-Presse.
December
LONDON TIN
MARKET
*.$0 38.26-30.20
30.11
$15,00
350
34.05 31.93 nominal United Press. LOWEST SINCE 1930
Montreal, July 14, The consumption of raw col ton in Canada's textile mills in June dropped to the lowest level in 13 years, the Cotion Institute of Canada reported to- day.
Bet
"
Dew
was
Wool Industry
Turns Corner
n
In Port
July
July July
July
N NAA
-KINGS BOLDING
CHINESE AGENTS CZE CO
2800
MAERSK LINE
FAST FORTNIGHT LY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANANA.
NEXT SAILINGS
M.S. "OLGA MAERSK" M.S. "JEPPESEN MAERSK" M.S. "HULDA, MAERSK”
ARRIVALS FROM U.S.A.
M.S. "HULDA MAERSK” M.S. "TREIN MAERSK” M.S.
PETER MAERSK”
July 19 July 30 Aug. 16
In Port Buoy A4
Aug. 6
Aug. 11
For Freight and Further Particulars please apply to>-
AGENTS:
JERSEN & CO.
Pedder Building.
Tel. Nos. 36066-9.
Changing Pattern Of Philippines Tobacco Industry
Washington, July 14,
The Agriculture Department reports that the
pattern of the Philippines tobacco industry has
changed tremendously since the outbreak of
World War II.
There has been a great reduction of exports and a simultaneous increase in Imports.
disappeared.
that exporis
-
་་ཋཱ
This Jatest menace trying to pressure Congress into scrapping
London, July 14. There the United States Free trade pro-
were signs that the
In a report on the tobacco, troli, rumours of restrictions gramme with other nations,
wool industry had overcome the situation
Southern Mr Harriman,
und and clandestine trude. one of the worst of its troubles, necording Southeastern Asia, the Office would-be
As of June 1, 1951, stocks of Presidential
to the Financial Times, didates, did not believe that the
of. Foreign Agricultural The paper said editorially: tions tald
Rela stored olgarettes and leaf tobac- Industries and some of the agri- | "The
of co were very low, boom in wool which cigarettes practically disappear With the imposition of In- cullural producere understood started with the outbreak of the ed in 1950 while exports of port contrels on elgarettes, what
was being done by ther war in Korta did incalculable smoking tobacco representatives who are pressing harm to the industry as
completely there had been a signlicant an- crease in the manufacture of whole, against free trade,
"They are selfishly trying 10
"FOT
At the same time, exports of Filipino cigarettes, United the past few months special privileges for a few the price has been more or less unmanufactured tobacco foll Press. people by attempting to clock steady.
from the pre-war average. of out the imports of countrics
bounds to $100,000 certainly looks steady 37,300,000 that
some of our foreign compared with Supply
the
violent in 1950, changes in the first year of the Exports of cigars were at Aive por centers caa Korean war,
an all-time low of 2,100,000 harm the whole tiation in which:
with The price may now be some pieces in, 1030
compared they live and destroy the econo- what low, and le indred no the pre-war annual average of
202,000,000 mic Ife of a country dependent higher than it was before Korta,
pieces. upon that particular import,” but its stability allows both
The report said: "This Ioss producers and
overseas, trade was attributed of plan their businesses on a principally to the closing reliable basis.
the European markets during the war, the shift in consumer preference from cigars and
Fusan. July 14, elgarettes to bright darks
The Republic of Korea will cigarettes and to shortage of enter international maritime freign exchange.
circles, tomorrow. IMPORTS INCREASE Important changes also dc. mirred during the War II period pines Import trade, both unmanufactured and mat factured tobacco.
Wall Street Rallies
London, July 14. The tin market was firmer this morning with turnover of
A total of 20,590 bales was 75 tons of which 35 tons were for cash.
New York, July 14. Prices closed, at the used last month compared with
Stocks responded to renewed end of the official morning 23,230 bales a thonth earlier and
hopes of a steel strike settlamint strsion as follows:
1,237 in June last year,
insitute salt last month's with an advance that carried represented the industrials within a few cents of
the 20,264 the new 1932 top. lowest total since used in February 1938. The 900 drop was blamed mainly on the
strlices-United Press.
300 yen to US11 Three-months ting buyers
India
2.28.2.20 2.33-3.3216
Pakistan
longkong Indonesia Singapore
Jbpro
-Valted Press,
2.40
120
2015 1.1834-5 16911-1 1.70 1.7432
Spot tin, buyers
Spot tin, ellers Budinem done at al Three-months un, seller Business done Bettlement
971
96
DOU
t
United Preg
!
rice
London, July 14..
Japanese bonda
New York žiaur
Taiwan Rice Crop
Talpel, July 14 Some 150,000 tona of will be collected in the first rice harvest this year,
The crop is eight per cent algher than last year's figure 2005. Back for the same period Franco-
Prema
May
July
·September
July
September
12.00 nami
L
consumers
"This is itself one of the signs that the wool industry through
the worst of a
་་ paper added troubles," the Reuter.
Turkey Buying
Dollars
of
to-
JAPANESE BONDS Exchange Rates cents of the 1952 high of 275.46 purchased 110,000,000 to the 00
Caniola:
Turnover. totalled a
Washington, July 14. 1,000,000
The International Monetary shares.
Fund today announced that the Industrials moved to within 23 Government Turkey
rails followed industriale up but
Fund- with Turkish Bran,
announcement path that To finished lower.
Steels in its only previous transaction Utilities were steady. Ua, dullar (per $1) Coleman, 6.625 Armos. ;
with the Fund, Amkey: pur 1201 | Sterling mɔtë (per £3)
chased $5,000,000 in 1947 ami full reparment of the Of 1,071 Isrues traded, 347 mado advanced, 320 declined and 290 obligation earlier this year, ---- were unchanged United Press United Press,
Buddier war done in the loest umtiiciat #kadange market
morning at the following extending
WIREL
15.59
| 9316) | Intomentu: maiders (per 100) 33,00
433--| 81km tinali vper 100)
21.00
Bingapore (Braitz)·
2,74
FIC pineiros (per 100)
11.70
12
South Korean Merchant Marine
A merchant ship, the motor- ⚫trom ship Pusan, purchased
post-World Shoo with 5,000
is due to arrive at the Philip
Tons affecting feraliser from Dunkirk.
Formerly the Ross Thordon, the ship was built in 1945 at Imports of the former Jump Superior, Wisconsin. The 3,038- ed from 18,900 pounds in 1948 ton vessel inlled from Trellegora, to. 193,000 pounds la 194000, Sweden, with 32 Bwedish and five
record level of 20,800, South Korean crew members. 000 pounds in 1950.
The Pasan will be the dist Cigarettes,
country's ROK merchant vessel to carry number 1 imported
manufac cargoes to and from Japan fured tobacco product, declared Southeast Asia and the United most significantly from 11,100,- States. 900.000
1948 10 -pieceasțin
A Government official, mold its 6,300,000,000-piece in 1949 and purchase initiates a long-range 2,300,000,000 pieces. Ya, 1950 programme to establish a strong These changes were greatly merchant marine, Associated Influenced by Government con Press.
1. H