Page
MESSAGERIES
MARITIMES
MM
"GRENOBLE"
"FALAISE"
+"'MEKONG"
Arriving Leaving
..Aug. 21 Sept. 1 ..Sept. 10
Aug. 10 ]Healunt
Sept. 21
AUK. 11
13 Aug. | Hongkong AvE. 32 **FELIX ROUBĚEL” ....Ang. 10
+"COURSEULLES" .....Sept.
For passenger and freight,
籮
ť
Outward For
Europe Europe
Honinward For
>N. Africk & Europe
Aug. 18 Marseilles via Dianlia
N. Africa & Europe Bop. D
For freight to Sulgon, Aiglers, Oran, Tangler, Casablanca, Hoyro,
Dunkirk, Antwerp & Rotterdam,
Accepting cargo:
-via Marseilles to all Mediterranean & West Africa Ports.
---vin Djibouli to Madagascar.
Subject To Change Without Notiça.
CIE DES MESSAGERIES MARITIMES
P.O. Box 59, 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, Burma and East Coast Indian Ports,
"LENEVERETT"
In Fort Londing Sails
July 30- for
"REBEVERETT”
Singapore,
Swettenham,
Port Penang, Rangoon & Calcutta.
Arrives Aug. 8 from Singapore. Sails
Aug. 9
for Japan.
(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STAR LINE
Fast cargo and refrigeration spaces available for Korea, Japan, China, Philippines, Indo- China, Siam, Malaya, Ceylon, West Coast Indian and Persian Gulf Ports.
FIRST CLASS PASSENGER ACCOMMODATION
M.S. "STAR ALCYONE”
Arrives Aug. 6 from Kakinada, Saila
Kobe, Aug. 6 for
Yokohama.
M.S. "THAI”
Osaka
&
Arrives Aug. 9 from Philippines." Saila Aug. 10 for Kobe and Yokohama,
(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Queon's Building, Totophone 31206.
Chinese Department: Telephone 28293.
HONGKONG
SHARE MARKET
(From Our Correspondent)
the
slower on Trading was
this morning. Stock Exchange
to $174,- dropping turnover 704.50. Lights (Old) were most quotations in demand, Noon and the morning's transactions;- SHANEH BUYERS BELLENS HALES
BANKS
IIK Bank XD First Asia... 141
1410
Philippines May Curb
Imports
THE CHINA MAIL, WEDNESDAY, JULY 30, 1952.
Japan-Soviet
Barter
Tokyo, July 29,
A private Tokyo trading firm is to buy 10,000 tons of coal from the Ruglan island of Sakhalin, the newspaper Tomfurl said today.
The paper sald the Minje- try of International Trade. yesterday and Industry
cave permission for a bar
Do. ter trade agreement tween the firm and the
former Soviet Mission In Japan. The company whi pounds of irado 18,000 rayon yarn for the coal. Associated Press.
Payments Agreement With Japan
LIKELY TO BE EXTENDED
se A
Britain May Impose
Stricter Control Of
Machine Tool Imports
Birmingham, July 18.
Stricter control of imports of machine tools
for civilian purposes may be re-introduced by the MALAYAN
Government. Apart from US, imports, machine tools at the moment come in under open general
licence.
TRADE
Unless there are further capital investment FIGURES
restrictions, such a move would probably more than offset the recent tendency for domestic buy- ing to fall away.
The Industry has on the average more than two years' backlog of orders, and although the rate of new business has recently begun to decline it should have no difficulty in maintaining the existing level of exports at around £16m.-£20m.
British prices are as low if not lower than those of foreign com- petitors with the possible whose exception of Germany,
formidable challenge is
and Crowing.
continuity
The assured
of
greater than the whole of 1049. also been some There have noteworthy individual achieve- ments in America.
Tokyo, July 29. There are strong indica- tions here that Japan' will soon suggest to the United orders has incidentally had the Kingdom Government that welcome effect of enabling the the Anglo-Japanese pay-industry to plan well ahead and
rationalise
Un- production:
the of some fortunately ments agreement be extend-
advantages have been lost by cd.
spasmodic hold-ups in materials, especially of alloy stccis, which have retarded schedules.
"Only the imposition of a new burden, such us
that threatened by the 22 a week engineering
claim, could seriously jeopardise the export position.
The agreement will expire on August 31 unless it is extended, Japanese Press reports said the Foreign Once and Finance re- Ministry had agreed on
exten- questing a four-month sion,
A usually well-informed Bri- leh source told Reuter that it was expected that Japan would suggest
an extension and that
the United Kingdom would ugree Immediately.
Meanwhile Japan's big re- serves of Sterling were reported to be still increasing near the
£130,000,000 mark.
Financial observers predicted that Japin would not raise any controversial points in requesting a simple extension.
They said Government finance experts hind agreed tcmporarily
at
feast to drop carlier sug gestions that a new agreement be reached containing dollar settic- .ment clauses and excluding Hongkong from the defbition of a Sting Aren country.
Foreign
Exchange. Control Board
Finance Ministry wmd offlalals today declined to com- ment on questions relating to the extension of the agreement
Router.
FOREIGN
EXCHANGES
Canada
IN N.Y.
New York. July.
US$1.00%
England-official
unoilletal
30-day futures DOy futures
Australia New Zealand South Africa
Belgium
Norway
1.67 bid/ 2.00 asked 2.7014 2.76-7/16
-
Denmark
0100 1450
France
0023-9/11
West Germany.
4.20
Holland
2037
Italy
2010
.1403
Portugal
.0370
Spain
.0303
Sweden
0:035
Switzerland
2333
Q
MIDDLE EAST
Egypt
2.8014
Iran
03125
Tradi
*2.7014
Turkey ..
6373
LATIN AMERICA
OF
Argenuna
.0010
Bradl Bolivia
0600
Chilo
0035
cuba
Columbia
4025
1.00
Mexico
1153
0344
Uruguay
050
2005
2014
Manila, July 20. The Cabinet today considered
either curb proposal to ban the importation of 23 items in a move designed to protect local Industries,
The proposal, sponsored by the Import Control Commission, calls for a total ban on articles Peru
such as weaving yarn, zipper Venezuela fasteners, light bulbs, fluorescent FALL EAST tubes, tooth brushes and grey India cloth.
Pakistan
Indonesia
Imparts of planca, plastic Hongkong combs and allied products, rice singapore hullers and athletic goods, facs Japan
INSURANCES
Union
743
20/750
HK Fire
134
д
SHIPPING
Aala Nav. 1.00
DOCKS, ETC.
K. Whart
N. P. What
6,05
Dock ...... 18.20.
40 to 40 per cent cut.
The proposal has been favour. 50015 ably endorsed by the Depart
ment of Finance as well as the Office of Economic Co-ordina tion.
Factory owners hore claim they have made suficient pro- S'hal Dock. 1.00 2250 @ 1.65 gress in the manufacture of the
Provident
$1.00 12.30
Thechock, ..... 1233 12% 100 t
HK Hotel 0.40 012
LAND, ETC.
Uk Land (N)
S'hai Land.
Humphrey.
UTILITIES
Trom
41 04234
32 500 @ 12
་
...... 10.10 19.30 1500 19.20
Peak From
(010)
(New)
Star Ferry..
C. Light
(old)
(Now)
Electrio
104
25000,00
listed articles to cover local demand. Associated PrOSE.
NY Stock Markot
New York, July 29. Dow Jones averages at the end of the Stock Market pession stood us follows;-- 30 industriala
8% 0.00 400 G 1.6320 rails
2500 6 8.60 10 utilities
6.70 40 bonds
... 8.00 8.00 1050
. 21.30 22.10 27 £# 21.00
Macao Electric
11
Telophona... 17 1714
INDUSTRIALS
Cement..., 17.10
STORES, ETC.
Watson
Crawford
COTTONS
1000 22
500 17:20
278.57 102.03 50.35 08.00
United Presta
Exchange Rates
360 yen to USIL Paited Press.
LENINGRAD
FUR SALES
By the time any such award had worked its way through the ancillary trades it would send up
40 by up to per selling prices cont. Ench 1s wages rise for machine tool workers is reckoned to put betwech 0.5 per cent and just over 1 per cent on sellng prices.
SOME DISQUIET
-
If the overseas trading position were imperilled by a substantial increase in wage rates, it would tilse have serious repercussions throughout the general engineer- The machine- ing industries. BIKE too! Industry needs to export 30- maintain to cent of output per cent effelency and ability adequately to service British industry.
40
There is some disquiet in the industry that it should be so vulnerable to changes in Govern- ment financial policy.
It has long been argued that taxation and investment policy as It affects machine tools should be more closely related to their) life.
I
A machine-tool builder put it like this: "If I can, I am going on to buy an American machine tool which will cost me £12,000, even though this is snearly a third of last year's net could replace profits for Just one machine. the existing machines with two other machines costing about half that, but I know that in ten years' time I shall want that American machine and that the other two will be a drag on me. I cannot afford it, but I have got to have it,"
TAXATION POLICY
is
the
The Intensity of international competition has been noticeably up since last autumn and stepped the British have met increasingly stiff competition, at the round of fairs -- Milan, international Leipzig, Chicago, Toronto, etc.
And in September it will be right on
doorstep, at the biggest and most representative international machine-tool hibition held in this country.
At the moment the British ine dustry can give as good as it can take, but there
are plenty of signs that the period ahead will be fiercely competitive.
Talks On Stabilising
Rubber
Industry
CX-
Sharp Contrast With Last Year
"TJIWANGF": "DOISSEVAIN"
TJTJALENGKA“
"STRAAT DANKA"
TJISADANE" "TJIBODAB"
"VAN HEUTIK” "TJIWANG
Page
NTEROCEAN LINES
RAILING B
Aug.on
AVE. . Aug
Aug.
Aug. Aug.
Ang. 10.
}
Bepl
PETRAAT
MAKASSAN” "TSWONDOR"
Sept.
Dept.
"DOISSEVAIN"
Hopt.
ปี
"TARMAN" "TJILUWAN"
TJISADANE" TJIKAMPEK“
TEGELBERO" "IJIWANGr
"VAN HEUTEZ" "STRAAT
MAKABRAR"
"TJIPANAR” *VIRODAS".
dur-UWAK"
Singapore, July 29. Malaya had an unfavour- able trade balance amount- ing to US$41,500,000 ing the first six months of this
year, official trade figures disclose.
This contrasted sharply with the position during the first six months of 1931 when there was a favourable trade balance of 3$081,000,000.
Experts to Britain fell by by S$10,000,000, to Indonesia 9$14,000,000, to Japan by $4,- Thailand by and to 000,000 S$2,000,000.
Exports to the United States, on the other hand, rose by S$6,000,000.
Whilo Malaya exported worth of raw. 5$377,700,000 material to the US, it imported goods valued at only $$112,- 360,000 Associated Press,
TRADE FAIR
Manila, July 29.
Commissioner- The British General for Southeast Asia, Mr Malcolm MacDonald, bas pro- of mised the participation Singapore in the Philippines In- ternational Fair in February next year,
This was disclosed today by Mr Argento N. Luz, the Fair's taliced Director-General, who
with MacDonald recently, I
Mr was not stated where the con- versations wore held.
Arriving from Indoncela fo- gether with President Elpidio Quirino's party, Mr Luz said that the Briikh Commissioner- General expressed satisfaction foramer ex- that nations under the will and present British sphere of influence would participate in
London, July 20. Representatives of all the major rubber producing and consuming countries, cept the Soviet bloc, meet here tomorrow to con-indone sider means of stabilising the industry.
The points they will consider 1. Whether it is possible to work out a plan to prevent "burdensome surpluses or seri- ous shortages of rubber and
measures such whether "necessary and practicable."
2. Drafts of
any agreements which may be required to, im- plement suoll proposals.
are
will form the
The mec party appointed
special
for this purpose by the Interna- tional Rubber Study Group In after its private meeting Ottawa last May.
Mr L412
satisfied was also with the plans for participation of Johore and Indonesia,
Johore's pavilion and exhibits in the Manila Fair would be indicated by outstanding us
in pest previous participation international fairs.
Не
that Johore'a recallat pavilion was considered one of the most outstanding in the 1929
Exposition,
Paris Presse..
"TJIWANGE"
"EDISSEVAIN"
"TJTJALENGKA" “STRAAT BANKA“
TJIBADANE"
"TJILUWAR"
"YAN HEUTBZ""
Sept. 14 Bept. 15
Bept. 19. Sept. 25
Sept. 30 Ups.
Oct. Oct.
Oct. 9
Oct, 12
Oct, 10
Singapore, Djakarta,
Burnhala Sirentiat Japan (via Manila) Bingapore, Mauritius.
America
Semarang
. Africa, à Manila, 1 I. Parts, Wingapore, Penang, ringvan Dell Momban. "Tanga, Zanzibar, Barru-Salaam,
8. Aftien & 8. America Diskorta, TJirekua, Somacant,
Surabala & Macassar. Alagapore, Djakarta, Bemarang,
JADHE
Burable & Mackar
Bingapore, Penang & Delawan Belt
Singapore, Djakarta,
Suinbala & Machisar
Харам
Djakarl
Tjirebon,
Barabala & Macassar
Semarang,
Semarang,
- Manila, Singapore, Mauritius,
». Africa 8. Amertes
Singapore, Djakatik Bemarang.
Burabals & Macassar
Singapore, Penang & Delawan Dell jakarta, Tiirebon, Semarang
surahpla Macassar
Зарад
Bingapore, Djakaria, Bemarang,
Sorabala & Macassar
Singapore, Penang Belawan Dell Manll
Bipcapore,
Mauritius
8. Africa & S. America
Japan
Djikarta Tjirebon,
HomarAu
Surabata & MacasERY Bingapore. 1)jakarta. Semarang,
Būrabāls & Macassar
ARRIVALS
in Port
AUK..
1
Aug. Aug.
Aur. 7
AVE. 12
Aug, 20
From
Djukneta, Semarang, Aurabala A
Macassar 8. America, 8. Africa, Mauritius,
pro
Тарап
Jajar
4. Amerles, E
“Maurīijus & Ringapare Macassar,
Africs,
Surabala, Semarang,
Djakarta Singapore
Japan
MAERSK LINE
FAST FORTNIGHT LY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELTINA via SAN FRANCISCO, LOS ANGELES AND PANAMA.
M.S.
NEXT SAILINGS
"JEPPESEN MAERSK"
M.S. "HULDA MAERSK❞
In Port Aug. 10
M.S.
"TREIN MAERSK"!
Sept. 2
ARRIVALS FROM U.S.A.
M.S.
"TREIN MAERSK"
Aug.
ཏྭཱ
M.B. "PETER MAERSK"
Aug. 11
Aug. 30
M.S. "NICOLINE MAERSK”
For Freight and Further Particulars please apply to:~
AGENTS:
JEBSEN &
& CO.
-France Pedder Building,
The Rubber
Markets
This was the only practical result to come out of the week- Those who look ahead foresee long discussions at Ottawa on the possibility of an interna- that unless the situation
closelytional marketing scheme for sympathetically and watched Britain will ing behind rubber. the United States and Germany,
will today as follows:- The London conference amortisation of the where
also be held in private.. A com- machine tools and their consign-munique is likely to be issued September ment to the scrop-heap recelves after the
opening session in London greater encouragement,"
and a further com- The
munique after the conference concludes in from one to three weeks' time.-Reuter,
average
of oge
the
machine-tool population of the country. is relatively high and taxation is making it higher. lack of advocates There is no among machine-tool builders for policies which would discourage retention of tools after,
day,
CEYLON'S. BALES
January/March April/June
London, July 20. Prices of rubber futures closed
Number 1 rubber, per lb.
In pence
October/December
2014
SINGAPORE MARKET
United Fress.
Bingapore, July 20,
Prices of rubber futures closed today as follow:-- Number 1 rubber, per ib.
Colombo, July 20,
August was the Communist China biggest buyer of Ceylon's rubber In the first half 20
of this year, according to the latest Customs retums,
Her total purchases
during
this period amounted to 20,750,- 250 lbs., for which she paid 16.60,304,131.
next best buyer for the first six- monthly period, taking 24,000, 811 lbs., followed by the United
·States with 17,835,015 lbs. Reuter.
ent, years, instead of, as at present, oncouraging, their use for years and beyond. Only by so doing, it is held, con Britain' engineering Industries keep pace with the technological advances of competing nations resulting from better machine tools,
In June Ceylon exported Taxation
is such today that
10,744,695 lbs. of rubber, of oven with the most conservative dividend policy most builders which China bought more than
0.731,250 can only replace plant at about half, 1 Kingdom was the
The half the rate they would like to on a 20-year basis.
come to the Such thoughts
machine tool surface whon builders reflect on the resurgence. of the German Industry with its
And the groat
potential. American brand-new plant and factories not only them. France, a
market, pre-war dwindled away, partly because of expansion of her own Industry. of the because partly and financial crisis which does not to, take up even permit her anything like what Britain had hoped to supply.
Such countries oro busy build- buen
their muching-tool up
and less - developed topacity Slates.
The Russians are accepting countries are also reaching out Pounds Bueting for salce and for a greater measure of inde there is expected to be con- pondence. In South Africa and rency-Asociated Press,
Leningrad, July 20. More than 60 fur buyers from European countries and half a dozon from the United States and
uro hero for the annuel Soviet good fur auction which started yes- terday.
The Americans attending pay they have State Department permission for their visits to the UB.SR. as required under the latest U. regulations, say their fur purchases will be which can all legally of red into the United ing bo
They
To Encourage
Investments
New Delhi, July 20 The Upper House of India's Parliament gave final legislative approval today to a bill per- miling
Investors to foreign
sidorello tending with this cur-Austraila import restrictions have interests in,
September October Number 2 rubber, August Number, 3 rubber, August Number 4 rubber, August Spot rubber, unbaled Blanket grepe No. 1 pale crepe
834-61
74-7416 1814-B
108-110
36 +70
-United Pros. NEW YORK MARKET
New York, July 29. Prices of rubber futures closed today 30 to 35 points higher with sales totalling 15 contracts. Prices closed 09 follows:- September
October November December
Галиу February
April
May.
Jung
Juty August Septemb Spot
10.20 28.70 rom. 20.27 num.
23.75 id 20,40 mom.
ות 2,10
27.20 nom. (27.69 Fum - 27.40 nom. 27.27 num.
27.10
31.00 -United; Press,
LONDON TIN
MARKET
Armp.
London, July 20 amendment to the In-
The Un market was steady this Companies Act had pre-morning. Turnover was 43 tons, caused hold-ups in the supply viously been approved by the of which 30 tons were for cash. Prices closed at the end of the Lower Hout of machinery,
nession Easior On the other hand, the industry. It was sponsored by, the Gov- officiat morning Grain Prices
had had some striking successes crument as part of an agret follow Chicago, July, 20; -2. drains were genturally easier in some of the most difficult mont with the American-owned Standard-Vacuum Oú, Co. fur only weather and crop news Wheat In 1049: exports there were clared to lower and £202,000. Last year they were the US. company of a most- were unchanged to seven times be great at nearly-million-ton oil refinery at Boin- Boybrang
Astociated Press. £2m, and this April's figure was] bay. 11.77: 13, Jower-Unlied Press.
this
Dun was debe in the locat
markot 1850 1200 @ 16.40❘ unofficial exclungo
morning at the following: US dollar (por. $1)
bea
Blatunk noto (part 2) Inclose fuders fper
Alem ticals (per 100)
·Bingapore (Birattu)"
182C plailies, (per 100)
face of the favourable muricets of nhi, notably Canado,onstruction and operation by
#postin biyers”. Spet fin, solteruj Busintas dörts at 2. Throd÷mahfhm ein, bụy
Three months tin, moltera má (à 2- Fusiness done at Settlement
Frext,
Tel. Nos, 30066-9.
& ORIENTAL
PENINSULAR
QUIS NOS
STEAM NAVIGATION COMPANY
R.M.S. "CARTHAGE"
SAILS:
NOTICE TO PASSENGERS
BAGGAGE:
SPECIAL NOTE:
EMBARKATION:
THE
"POST" TYPHOON
MAR
FRIDAY the 1st Aug, at 12.00 Noon for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said.
ALL passengers baggage must be Rent to the Hongkong & Kowloon Wharf Co's Godown at NO. 2 GATE. CANTON ROAD ENTRANCE BY NOON on THURSDAY the 81st. July, 1952.
With the exception of hand packagos carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading on board by ship's slings only, Will take place on FRIDAY, the lat Aug., 1952 between 9.80 a.m. and. 11.00 a.m.
Incorporating amend
monte to the Local and Non-Local Storm. Bignal Codea?? Mounted $5.00. Unmounted $4.00. Obtainable from SOUTH CHINA MORNING POST HONGKONG and. KOWLOON
BUSINESS REGULATION ORDINANCE
1952-
Coples of the prescribed Forms 1 (a) 1(b), and 1(c)
Now On Sale at:
$. C. M. Post, Ltd. Hongkong and Kowloon
TEN CENTS EACH: