Page
માણો
MESSAGERIES M
"GRENOBLE”
"'FALAISE”
THE CHINA MAIL, FRIDAY, AUGUST 8, 1952,
MARITIMES Japan-Indonésii Increased Financial
Arriving, Leaving ... sept.
M
Outward VoT Farov
Homeward For
Sept. 1 Eupt. 21
ittleopá
**"MEKONG"
Keelung Aug. 18
Au. 32
" (lenrkour AUG
27
ÂU I
"FELIS (DUBBELT V............An. 16
AK.
"COURSEULLES“
.....Dept.
Sept.
For panenger, and freight.
Arlica Barope Bardastion ġla manita N. Atrick & Europe
För trollilt to salgon, Algiers, Oran, Tanglèt, Csimianca, Havre; Dunkirk, Antwerp & Rotterdam,
Accepting gargo:
Un Miracles to a Mediteraners & West Africa Ports:
Djibouti to Madagascar.
Babject To Change Without Notics.
Trade Pact
Tokyo, Aug. 7, Japan and Indonela to. day signo a trade agree» ment after nine months of negotiations,
Under The BAKTERENYSÉ
·Japan will deild Indonesia $55,000,000
Worth
of
texilies,
*, mejal products and
And other
win godlis irapori $40,000,000 worl
„Indonesian rubber, tid, and other petroleum materials,
Asociated Pros.
of,
British
CIE DES MESSAGERIES MARITIMES Pact With
P.O. Box. 63, Hongkong
Queen's Bullding (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, Malaya, Burmid and East Coast Indian Ports.
"REBEVERETT”
In Port Loading Sails
Aug. 9
for Kobe,
Hirohata. &
Osuka, Nagoya Yokohama.
"BRADEVERETT”
Arrives Aug. 18 from Manila.. Solls
Aug. 14 for
Singapore,
Port Penang,
Swettenham, Rangoon & Calcutta. thecebittig cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STAR LINE Fast cargo atid refrigeration spaces available for Koren, Japan, China, Philippines, Indo- Chitin, Slam, Malaga, Ceylon, West Coast Indian and Persian Gulf Ports. FIRST CLASS PASSENGER ACCOMMODATION M.S. "THAI”
Artives Aug. 10 from Philippines. Sails Aug. 11 for Kobe, Osaka, Nagoya
& Yokohama.
M;§. "NORDSTJERNAN” Artives Aug. 14 from Japan, Sails
Aug. 15 for Singapore, Madras, Colombo, Bombay, Karachi, Kharramshahr & Basrah.
(AƐceplifig tárzó for transhipment Kobe/Fusan and Kebe/Okinaya).
EVERETT STEAMSHIP CORPORATION S/A Quodń'á Building, Talophonë 31206. Chinese Departmenti Tolophonë 28293:
A Six-Point Plan For Helping The Cotton Industry
London, Aug. 7.
Mr Harold Wilson, President of the Board of Trade in the last Socialist Government until he resigned over a difference of opinion with the Party leadership on economic policy, has outlined a "Six-Point Plan" for helping the Lancashire cotton industry.
This, he claims, would take it "over the hump" of the present recession.
What de rented now he says 'in, problem of export markets in Dally the light of the recent import En interview with the
Д
sence
the the
Mirror, is the re-equipment; of cuts imposed by Australia and the industry with more modern South Africa.
and. -machinery.
urgency on 'both sides adopting new, and more efficient methods of working.
of 2. Decisive action by about British Government with
United States and other coun- trics for setting up immediate long-term agreements to slabilise guarantco The the price and supply of raw Board-repre-
cotton,
senting
Employees anding out d long-term plan for greater em- clericy in the industry,
The plan he prescrita is: 1. A Commonwealth economie
deal with conference to
tho
Cotton Prices In New York
New York, Aug. 7, Prices of cotton futures closed tiday as follows:-
Spat ::
December
Ortaber
March (1053)
MAY
October
tox
4. Removal of purcliano from textiles and re-introduc tion of "Utility standards.
6. Government purchase. clothing and household linen for distribution to old falls through the Assistance Board, the in addition to textiles for defence prod
progmime.
Japan
EXTENSION. SAID AGREED
in
Tokyo, Aug, Informed sources Tokyo sald today that the Anglo-Japanese Payments Agreement will be extended for four months without revisions. Japan had asked for such an extension, and Britain was ready to agree, they added.
no
The sources said that negotiations were taking place for a new agreement, largely because the International Trade and In- dustry Ministry, the Finance Ministry and the Exchange Con- trol Board had failed to reach an accord on Japan's stand and on the proposals be made to Bri-
tain.
Japa
on
inct....
Ometal elgeler discounted rc- ports that Japan would request the insertion of a dollar clause, although they claimed that the clause was shelved by Japan the British promise that they would not cut imports from which did in she This would considerably decrease Japan's trade with the Sterling Area, but, on the other hand, it would be too difficult to trade agreement, as conclude a desired in certain Japanese cir- cles, because there were too many nations belonging to the Sterling
Area.
The Japanese, however, would like to see an approximate figure of the yearly volume of goods to be exchanged between Japan and the Sterling Arca, parallel, with the payments agreement, official tireics said.
They stressed that Japan wat anxious to purchase more from the Sterling Area but that it was difficult owing to the shortage of goods required by Japan in these countries.
Meanwhile, the Inilow of Sterling into Japan seems to have plowed down owing to the Sterling countries' restrictions on imports from Japan, and Japan would await the development of the new situation bofore conducting negotiations for a new agree- ment.-France-Presic.
Help To Backward Countries Proposed
London, Aug. 6.
The lack of adequáté Investment in the under-developed territories inspires a Labour Party proposal for an extension of financial, üssistance under the Colonial Development and Welfare Acts.
The Party's second policy publication sifice the General Election, entitled Towards World
Plenty," makes the proposal without going into Nationalist
details
"While pressing for the C.D. and W: funds exten- sion, the Party, will urge also, it is stated, increased facilities for the training of caftsines.And techhicläns in Britdifi in co-oparation with Colonial Govoriments.
"Further assistance" they migration from other coun- Labour Policy statement conthes," tinues, will, be, given to the expansion of technical education within the Colonial territories and every possible effort will be made to secure for the Colonies they
tho
technical'
experts
require for more rapid economie development."
While Commonwealth coun- tries must be the first concern of the British Covernment, the Labous Party, it is stated, recog nises the need for international action in this field of aid to the under-developed areas. It offers inter- support for some such national effort na the Inter- national Development Agency, under consideration by
the United Nations'da a means of administering grants-in-aid to under-developed countries for investment in public services, This Agency, experts have fore-
would require cast,
a fund increasing up to 3,000 million |
dollars a year,
D
One way, out, of die problemi of the millions of small farmerf would be, improved techniques shys Labour, It the farmers Asia and Africa," .. urgea could be helped to impove their techniques, food production can be Increased rapidly, and in thet more rapidly than poping tion will Express Service,
grow." London
HONGKONG
SHARE MARKET
די
(From Our Còlteipändent)
Troms yore og demand
BANKS.
Proposals To Japan
For Trade With SE Asia
Page
ROYAL INTEROCEAN LINES
BALLING
“TJITJALENGKA“ Alp.
·
"TJISADANE”
*TJIUODAS
“TJILUWAR*
"VAN HEUT8Z"
#TSIWANGE".
AUS. 12
Aur.
Aug. 10
A#K. 21
Sept.
MAKABRAŽ“ TIPONDOK"
"HOISSEVAIN"
*TASMAN". **THLUWAH"
Sept.
gipt,
Sept.
Sept. 18
PTIISADANE” *TJIKAMPER" *JIWANĠI** “TEGELDERO”. DVAN. HKÜT:2"
STRAAT
MAKABAN" "TJIDODAS”
"TIILUWAII"
"TUPANAS" "TIWANGI"
Hipt. 10 Aps, 23 tice.
Och, 12
Bil. jó
Dit.
Nov.
MOBIL BALAja
8. Africa & 8. America šligapera, Maneliina, B.. Africa &
Jayan
America
DJAKAFIA, Tileation,' Bemarang,
arabula Macassar
Singapuro, Djakarinen, semåtang,
Sutabain & Kesant
Slugapore). Djakaria, Palembang d
Belawan Dell
Singapore, 2 Djakarta.
( súribāli & Macamár
JAFAR
Djakarta. Tilrebon,
Anrabala Macassar
Bemarang,
Manila. Bingapore, Maurfitus. PG08. Kriek à S. America a
Japan
Simpat Djäklita. Binarang,
A) Adrebula de Mieskar.
Ringapore, Penang a Helawan Dell' Djakartaj Tibbi Semarang.
Auzabala & Blacamar distghpore, Djdkarta, Remaring.
Bursbil &“Mscatiár Japan
Mapott, Feladx & neswan del Marila, Singapore, Mauritiu
Africa & 6. Amerlea
Sharea) Tizakoni,
prabala & Macassar -
Singapore.
TARIA 22" Máčaker
Japan Singapore,
Bjikitta. Semarang,
Farabats & Macassar
ARRIVALS
"STRAAT DANKA" In Part #THEJALENGKA” "TIBADANE”
*TJILUWAIT "VAN HEUTSZ"
Tokyo, Aug. 7. Informed sources said to day that General Chiang "Today" Kai-shek's öflèidt envoy Inst night invited the Japanese Premier to sick a major link-up with, Formosa la approaching the South-East Asian markets.
The proposal was understood to have been made aurling þ three-hour conferenco at the Premier's Hakene villa between the Prime Minister, Shigeru Yoshida, Gelleral Chang Chlin, and the State Minister, Taketara Ogata,
who recently returned his trip to South-East Asian countries as Mr Yoshida's per- sonal goodwill envoy
What tran
Fispired during this Better Premier and General Chang
The part under-developed countries themselves should play a quiélor morning'à, trading Cham; who arrived herp on Is summarised as followin on the Stock Exchange when August. 2, was not. diacidred "Towards World Plenty":
total turnover was valued at otelally. Informed sources, how-
Nooh quotations
Sald that deneral Cháng "Much of the jolilative; a great $216,050.55. part of the work, and
and tho share of
morning's trans-Chun, while treasing the impor Actions:— the financial burden must come
of tance Sino-Japanese co- from the under-developed coun- SHARES DUYERS SELLERS SALES COAnunts, entrenchepent; mainly Ggainst operation in the peteries tries, themselves. The govern- menis face tremendous tasks,
discussed the postblilies of the 100 is a two countries' joint endeavours "They must provide honest,
for coonomic development of the efficient and energetle Ad-
southern regions.. ministrations which will win the confluence of their peoples add overcome the apathy everywhat hinders ment. There fnust be ress, td. tcept
10
Hdopt new techniques and to chter into a vital partnership with the navateta countries
an all-out attack on.
POPULATION Y
Towards World' UTRU
17
be
Ring with b review of the threat "in the present century" of a world starvation ells production te world
is not
In
4K Bank Best Asla Canton Union
10% Fire SHIPPING
Ask Nay. IXXXS, ETC.
1376 XD
141
134 1io
31744
2500 a 188
.. 4.55
Provident... 12.30 Shai Dock 14 Wheelock
HK Hotel
IR Land (0) 4813
HK Land (N) 6'hai Land Humphreys UTILITIES
Tram
1.30
................. 10,40 18,50
Star Terry
C. Light (0) 0.00
C. Light (N) 5.75 Electro
Maces Elec Telephone
Coment
19
"the extreme verty and
the
peoples of Africa and Asia and the other Whatt-developed Breasly INDUSTRIALS challenge to the whole world," Development of the unde:- developed bread is essential, ItsToRES, ETC. Is stated, it lood supplies are to meet the needs of the world's
population,
Weekly Bank growing
Statenients
Landon, Aug. 7. The Bank of England slate- ment for the week ending August 0 reads as follows-
Nates in circulation
Bublic deposits
Private deposita
Government securities..
Other securities
Receipta
Bank ratio
£1,506,380,000
23,090,000
325,301,000
209,790,000
48,162,000
$3,517,000 12.1 United Press.
BANK OF FRANCE
Paris, Aug. 7. The Bank of France statement week ending July 31
for tho reads as follows. 191,446.07.20
Tatat gold holdings Total of other currencies Sight balance abroad ptabilisation fund Dia discounted. In France and abroad Notes in circulation Current accounts &
deposits
Advance to ourseney
New Y
3,833,810,587
32,500,000,000
847,000.334,BET 1,934,840,200.015 122,202,064,805 -United Preds.
Sugar
Futures
New York Aux. 7. World: sugar futures closed 3: lower today unchanged to
'+ with sales totalling 188 con- tracts.
Contract No. 6 closed 1 lower to 8 higher with tiles totalling 84. contracts.
lows:
17.50
The sources understood, thint General Chang. Chún útgbd Më Yoshida to link Japanese capifal and technique w with the squicen
programme,
markets dominated by overseas Chinesd merchants...
the whom Nationalist
government mobilise for such co-operation." on may Ag Д practical means bushing this General Chang was reported to have proposed the establish- ment of a Sino-Japanese deve lopment company jointly in- vested by private Japanese and 10% overseas Chinese merchants and
600
backed by ikb Japanese government's Sterling Holding
This "southward would preclude the necessity of the Japanese emphasis on tride 100142 with Red Ching, which General
was undesir able from the political point of 23.50 view, the same sources said.--
Franco-Presse.,
1000 11.30 Chang Chun sald 18.00
253
Rópe Dairy -19,00 18.70 Watson
Crawford LC. (R.) COTTONS
EWD
2.40
200 * 18.hó 500
Grain Prices
Decline
The authors of the publien. tion answer those who declare it is fruiticss to raise the standard of living In under- developed areas becatiso any in-
will at crease in production once lead to a corresponding increase in population.
"The experience of the de ycloped
regions of the world does not bear this out," says to Labour publication, "The
Chicago, Aug. 7. had disproved Western, worki
Grain futures joined most the Malthusian proposition that
major commodities in going ir- is impossible 18
to increase
regularly Jower: Gratis selling production Ingler than popular was afrigted partly to the tion. Populations grow rapidly
Agileultural Secretary, Mc in Europe and in the Americas Brennan's in the Nineteenth
teenth Century, but drought is not serious enough statement that the production grew
much
of to raise food prices since these faster,
and the
areas are not in the main pro- ducing sections.
Ilving rose substanard
Dealing with further argu- ments that population can Crow
faster in the 20th Cen- jury than it could in the 10th And that production cannot be increased as fast the publi cation
to point out goes on Chat:-
AT SAME BATE "Contrary to popular beliet, the white and coloured popula- tions of the world dro at pre- liercasing at about thib rate, which is not as tho at, which rapid as that
population was increasing While
40 yearü
Posing the question whether the standard at lving, can be miinipined, or increased, by an
of two per céfit or more | increase In world production during next 20 or 30 years, it is stated that "with no new, contlients to
the
Wheat closed to 1 lower and soybeans were 6 to 11% ower. Prices of grain futures closed today as followi
Wheat-price per bushel Bpot Beptember
• Dicember
*10*****
March
2.34 2.419-1 2.40
Maz
2.40th
Com
Spot
Bobtailer December March MAS
Ryo
#pat.****** Beptember
Dats
Bhat September New York Auper 200 b, Back. 112.30.-United Press.
Prices, closed today as fol- upon thereasing the producy Exchange Rates
CONTRACT NO. 4 (world):
· 4.05 · September
4.00 bid: October
5:00 asked,
6. Expenditure of £30,000, Juary (1083)-; 600 by the Government in buy-March
up "surplus stocks" holding them. Mr Wilson
4.00
of lands already under tuliva
Business was done mi, the Joeal tion."
John Eunomicist : excliance market... thus As to how much new land can moming at the following ratezi be brought under cultivation, if B.- dollar (per #1)
Barling nale ((per #1) - of the Indonesin guilders (ber. 100). admitted that one mājor obstacles. political; the Blam Uicate per: 1003 Bombal hostility to human migloth Fingepon, (Stratto
In the 19th Century, it is a FIC plastres (per 100) called, tib bberima up of new
lands wis sitelktod with great NO, #movements of people but o 88: Ink remain unde
find Chinh, Chiunted fans in Allstalin 1
30.03
2801-30.04
30.03-09.08
and May De
3.71
loves there could be sold later at a profit "once confidence was re-established."
Reptember
Spot
CONTRACT
(March (195)
0.10 0.00
Rathe
0.00
Frost.
December
"United From:
NEW ORLEANS MARKET
Mr Who concludes: Churchill should rovivo his warw timo practice and instruct hi that in this timo p Ministera crisis for Logicashire the Wätel- word is "Action this day." London Express Service,
Boot Cetober.
30.13.30.23
29.03-30.04 nited Prem.
"BEILL".
Copra Quotation
The Rubber
Markets
„London, Aug. 7.
Prices of rubber futures closed-
today as follow
Number 1 rubber,
1 perice per ID, September ****** October/December January/Maren Aprii/June
tiniled Press.
SINGAPORE MARKET
Japan
TH. Port
Адрал
B. Americk,
E.
R.
Africa,
Mauritius & Singapore
AK.
Хард
Ans. 12.
AUG. 20
Macamar Sujabala, Semardot,
Japan
Janrts & Singapore
TEL. 28015/18,
KING'S BUILDING, Grodhd Floor, CHINESE AGENTS: 82 CONNAUGHT RD, C. TELS, 31180, 23133.
MAERSK
i wt
LINE
FAST FORTNIGHTLY SERVICE, TO:
NEW YORK, BOSTON, BALTIMORE & FHILADELPHIA, VIS SAN FRANCISCO, LOS ANGELES AND PÅNAMA:
NEXT SAILINGS
M.S. "HULDA MAERŠÍC”
M.S.
M.S.
TREIN MAERSK! "PETER MAERSK"
M.S.
"PETER MAERSK!”,
M.S.
MS. "ANNA MAERSK
Aug. 15
Sept. 2
Sept. 15
ARRIVALS FROM -U.S.A, -
NICOLINE MAERSK"
For Freight and Further Particulars
AGENTS:
Aug.
Aug. 28 Sept. 10
please apply
JEESEN & CO.
Pedder Büllding......
Tel. Nos, 36066-9.
FOREIGN Bank Gives
EXCHANGES
IN NY.
New York, Aug. 7.
US$1.00
79-8/10 2.35 bid- 2.63 asked 1.78) 2,779
Chhada England--official
unofficial 30-day futures B-day futures
Australia New Zealand
Belgium
Norway
123
2.7016-
2.00-11/18
.01081
1455
Warning
To France
Paris, Aug. 7.
A warning that individual Frenchmen and the State Itself are overspending la contained in the 1951 report of the Bank of France. Frenchmen are urged to
00-0/18 work harder,
4.20
South Africa
Derimark
France
West Germany
20-2
3443.55
Holland
Italy
0010
24-21
Portugal
0373
Spain Swedän Switzerland
2339
MIDDLE EAST
2.88
03113
October....
8716-45- 691%-075%
Iraq Turkey,
2.793
0375
November
Number rudběr,
LATIN AMERICA
September
8195-02
Argentina
2016-12
Singapore, Aug. 7. Prices of rubber futures closed today as follows:-
Number 1 rubber, per lb.
September
a rubber,
September Number 4 rubber,
September
Spot rubber, aribelea. Blanket Fredd....
No. 1 pála crepe
22-7216
.07.08.
* 100-114
United Press
NEW YORK MARKET
New York, Aug. 1;
ונם
Braz!! Bollvin
Clic
Colombla
Peru
Prices af rubber futures closed today 30 Tower to 25 Higher with | Tran sales totalling 37-contracts. Prices elastut loany ds follows:-
Cuba Minxico Uruguay Venezuela
FAR EAST
2009
Pakistan
September
· 30.10 hid
October:
23.00 nominal
November
20,10 MORNIN
Hongkong Indontal Bingapore Japan
2000 1758
300 yes to Us!! -United Press.
December
Jandiary (1953)
28120 pominał
February
23.13 hoirgnat
Berch
33:70 notitial
#1.00 siomidal
1.40 njomisal
April
May
United Fifeus.N
JAPANESE BONDS
ndan, Aug. 7.
Japanese, bondamadi
-"B" (46, of 1910). 72, 20,
#C (40. ar.1907) 12714
New York, Aud 7. Copra was quoted today at elands of South East Ad$132.50 per short tong nominat? andir Allied,” the "Labóiry Cocoanut oil was quoted at 04 HE (65. Of 1034). statement goes on, “but it is uns, conta, a pound, alked, United | Connois ikely that there will be sottled
United Presi
Governor,
M.. Baum
Tho gartner, says in the report that.
restoration
the currency would be problematicni- without general consent to make AN. effort.
To live within one's meang does not imply the renuncia- tion of effort to live better; nor does it imply a rejection of progress. It does imply' a pro- Zerence for orderly proKTOIS, NO opposed to inflation, which cati only end in ruin,'
Lics
irt
future "Franco's. economic expansion...but there can be to real expanjith with- out a rent currency, nor docs there exista real
without savings."
Currency
report
In its preamble the frankly states that "151 has hot been a good year for
currency,"
French economic activity
high. Internal
although
has bem depreciation of
the franc continued and was accentuated.
The external pos tion of the franc, which halt strengthened during the previous years, had once agai
LONDON TIN been shaken.
MARKET
twa
Referring to the considerabla rise in French wholesale prices and the cost of living during the year, the report points, out that there exist few countries The in market opened ir-where the price boons, has gone, regular bul, steddled ên "o little l ́as får da lf hds lil Franet, bear covering. Turdover was
London, Aug. 1
heavy at 220 ton of which
five tons, were, for cash. Prices
clored at the end of the official NY morning session as follows:
Spat tin, buvETS
071⁄2
Three-months tini saflere Bustress dono "at sellement
910
920
14
922-914
Poppør Market
New York, Aug, 1. The pepper market rilled hulet and etoady today, Spot material was indicated at ordulid $1:28, awaiting release $1.75, nearby steamers, $1.70 and later arrivals $1.65 a poundUnited Press.