MESSAGERIES
MARITIMES
THE CHINA MAIL, THURSDAY, SEPTEMBER 11, 1952.
Hope For Increasing
MM Investments In The
Arriving
"LA MARSEILLAISE" ..51pt. 10 "FALAISE” *******Sept. 27
LOAVIDE Outward For
Sept. 11 Sept. 2
B
Sept. 13 Sept. 28 Oct.
"COURSEULLE5” .....Bept. 15 LA MARSEILLAISE" ..Sept. 27 "GRENOBLE" " +"FALAISE”
26 ....... Oct. For passenger and freight,
Yokohama & Kobe' Japan
Homeward For
N, Africa & Compe Marsuilles via Saigon N. Africa & Europe Oct. 27 N. Africa & Europe
D
↑ For freight to Salgen, Alexandria, Genoa, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam. Accepting cargo:
via Marseilles to all Mediterranean & West Africa Porta.. -via Djibouti to' Madagascar,
Subject To Change without Notice.
CIE DES MESSAGERIES MARITIMES
P.O. Box 58, Hongkong
Queen's Building (gr. floor)
EVERETT
Tel. 26651 (8 lines).
LINES
EVERETT ORIENT LINE Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-China, Slam, Malaya, Burma and East Coast Indian Ports.
"REBEVERETT"
In Port Loading Sails
Sept. 12 for Singapore, Penang,
Rangoon & Calcutta,
"LENEVERETT”
Arrives Sept. 23 from Singapore. Salls. Sept. 24 for Kobe & Yokohama.
(Accepting carzo for transhipment Kobe/Pusan and Kobe/Okinawa)
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 Soils
Sept. 12 for
Kobe,
Osaka, &
Nagoya, Shimizu
1 Yokohama.
M.S. "STAR ARCTURUS”
Backward Countries
NEXT YEAR'S PROSPECTS
Mexico City, Sept. 10.
The Chairman of the Finance Department of the International Monetary Fund, Mr. Henry C. Murphy, in his survey for the next 12 months, expressed the hope of a gradual development of investment in the under-developed countries.
Mr Murphy said that prospects for the next 12 months were that business activity would increase in the United States and that United States imports would rise.
Scrap Metal For Japan
Singapore, Sept. 10. Hundreds of smashed-up mulor vehicles are about to start their last Journey—- from Singapore to Japan,
They
are among 2,600 tons of scrap metal now being loaded on the Formosan ship Kao Halting.
The metal will be taken to Kobe, where it will be melted down for steel,— Reuter.
HONGKONG
SHARE MARKET
Western Europe was likely to bring its infla- tionary pressure under more control, partially through a revival of monetary policy,
As a consequence, Europe was likely to be à smaller Importer of United States commercial ex- ports and a larger exporter to other areas,
Imports of under-developed countries wore likely to decline because of the impaired reserve position.
the
United States commercial ex- were likely to decline in ports consequence but not enough to interfere
seriously with country's domestic prosperity.
The changes would on the whole represent some improve- ment in world payments," Mr Murphy said.
PROPOSAL
FOR JAPAN REJECTED
Wellington, Sept, 10. New Zealand has rejected the proposal that
Japan should be allowed to conduct any tariff | negotiations beloro considera "Över a longer run we may tion of her application a hope for further improvement member of the General Agree- as a result of a further reduc-meat on Tariffs and Trade, Mr tion in inflationary pressure and Charles Bowden, Minister of D gradual development of a Custom, disclosed today. merited stream of investment Mr Bowden, answering
ww toward under-developed coun- question in the House of Representatives sald New Zealand opposed the proposal because she believed Japan's op- plication should be considered at the full conference of the GATT'S 54 member nations next month.
tries,"
There measures would rict constitute a complete solution of the problem, but would reduce it to its hard core, with which Ex-only surplus countries, could
deal, he added.
(From Our Correspondent)
Business on the Stock change this morning amounted to $295,812.80. Noon quotations and the morning's transactions: SHARES BUTERS SELLERY BALES
DANKS
Jik Bank
Eut Asia ....
Unjon
INSURANCES
Under
DOCKS, ETC.
1425
401425
J
103 @ 70$
CREDITS POLICY
A
This followed a "postal vote" by the member nations on the Japanese application-Reuter.
Mr Bowden said New Zea- land intended to maintain her The International Monetary interim policy of provisional Fund budget for 1952-53 showed participation in the GATT. (a deficit of US$1,400,000. A It was offelally announced in committee is to be formed to Geneva last month that Japan's discuss the British and other application would be considered suggestions for economy,
at the GATT session beginning Mr Ivar Rooth, Managing-on October 12. Director of the Fund and former Governor of the Bank of Sweden, stated at a Press in- terview that world exports in 500 is 6.79 1051 were $80,000,000,000 and 12.40 32.00 3000 6 12 short-term credits were severely + 300 & 43mited at a time when many
countries
had inadequate re- Given the adoption of rea- sonable policies by member countries, the Fund could make more short and moderate-term credits available," he said.
N. Pt. "Wharf 0.70
Dock
Provident
Wheelock
LAND, ETC.
20
TIK Hotel 6.56 0.63 HK Ltd (0) 6074
MIC Land (N) 48%
Humphreys..
1000
At the International Monetary
The Rubber
Markets
Bingapore, Sept. 10.
To
Semarang.
Page
ROYAL INTEROCEAN LINES
SAILING 8
Hingapore, Djakesta,
surabila & Macariar Bingapore, Djakarta - Palembang
Helawan Boll
P.I. F'orta. Slugapore. E. & 8. Africa BIDEEPOTE, Djakarta .Bemarang,
Burbála "Macunar
Djakarta, Semarang, Surabajad
stacoaste
Singapore, Djakarta, Semarang,
Butabula & "Macassar
Dianila, Ringapors E, B. Africa
Africa & 8. Apperica
Bros. 16
Seattle Trade Fair
*STRAAT
MAKASSAR* “TJILUWAH"
Rept. 18
Japan
**TĦĦADANE”
Sept. 17
"TJIMENTENG" "VAN HEUTSZ"
Sept. 12
Bept. 22
"TIKAMPEK"
"TJIWANGI”
Hept. T
Oct. 1
Oct.
"STRAAT
MAKASSAN*
"TEGELDENG" #TJISADANE”
Oct.
D
Manila, Singapore, Mauritius,
Oct.
14
Japan
OFL.
13
Ларел
Oct.
14
Djakarta, Semarang,
BIDCASSIE
Japanese Stealing The Show
Scattle, Sept. 9.
Americans aro getting "TJIBANTJET" their first glimpse of many. marvels of Eastern art in
the nine-day gigantic For East Trade Fair, which "JIBODAS" opened here on Sept. 6.
Eight nations Nationalist
China, Hongkong, Japan, South
Korea, Thailand, Indonesia, the Philippines and India aro represented in the $500,000 dis- Civic Auditorium, play in the but 90 por cent of the Hoor space is taken by Japanese ex- hibits.
"TIILUWAI“
"RUYS" "TJIWANGI"
"TASMAN" "TĮPANAS" "TIISADANE"
"STRAAT
MALAKKA
The more than 10,000 Hems| "TIILUWAN" displayed in the huge auditonum
are for the public, but the main
theme of the Fair is to expand Japan's export trade with the United Stater.
An Indication of the impor- Lanco Japan attaches to the Trade Fair was evidenced when that nation's Ambassador to the US., Eikich! Araki, travelled to Lake part in the opening cere-
monies last wook-end.
On display are the chinnware figurines and ingenious me- chanical toys which Americans have long connected with
amand Japan, but the less known
facets of Ja- more beautiful panese industry are here too.
main feature in the Oriental theme of the show are Kooshi dolls, traditional play things of Japanese children.
They are placed on counters and arranged along the walls at almost every vantage points.
And in one corner of the big floor stands a booth of the Japan Travel Bureau-an al- most exact duplicate of the booth which stands in the arcade beneath Tokyo's Im- perial Hotel United Press.
SINGAPORE DEAL
Singapore, Sept. 10, A number of Singapore dè-
store owners partment
have been appointed as agents for well-known Japanese manufac- turing lines, according to the newspaper, Fress.
Singapo:c
"STRAAT
MAKASSAR”
"TJILUWAN"
"TJISADANE” "TIMENTENG" "VAN- HEUT:2"
Oct. 10
Noy. 1 Nov.
Nov. 5 Nov. NDF. 9
Nov. 19
Nov. 10
Arabala
9.
Hingapore, Djakarta, Hemprang,
Hurabala & DENGANNAT
Зарад
Bingapore. Djakarta, Hemarang,
Surabals & Dimensiar
Singapore, l'enang a Belawan Dell Japan
Bingapore, Mauritius, 8. Afrien, &
A. America
Mania, Singapore, S. Africa, & B.
America
Singapore,
Tijakarta, Hemarang,
"Burobata & Machine
ARRIVALS
From
8. America, K. Africa, Maurition,
Blogapore di Manila
Semarang,
Aurabala.
Djakarta & Singapore
Sept. 10
Bept. 11
MACHFEAT.
Rept. It Bept. 17 Sept. 17
Терап
Терап
Belawan Dell, Penang, & Singaporo
KING'S BUILDING, Ground Floor. TEL. 28015/18.
CHINESE AGENTË: 82 CONNAUGHT ED, O. TELS. $1100, 35183
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA vin SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
* M.S. "PETER MAERSK"
M.S. "NICOLINE MAERSK" M.S.
*
"ANNA MAERSK”
Sept. 15
Oct.
2
Oct. 16
Also accepting cargo for Portland, Maine
ARRIVALS FROM U.S.A.
Free
M.S. "OLUF MAERSK". M.S. "LEXA MAERSK"
M.S. "LAURA MAERSK”
AGENTS:
A number of Japanese traders are expected here before Christ- mas to finalise arrangements.
These stores deal mainly in toys, cameras, table decorations, cutlery, kitchen glassware, utensils, garden tools, soaph and perfumes, cigarette holdas ard cases, stationery and other cheap articles.
The first of such stores mny be opened early next year.
A member of the Indian Chamber of Commerce said that the Japanese might also invest in light industries in the urban
74 0 22.20 | Fund Committee Britain pressed Frices of rubber futures areas.-Reuter. 100 or 21.30 for economy in the World closed today as follows;
Arrives Sept. 19 Sails
from Japan.
Sept. 20
for Singapore, Port Swettenham, Madras, Colombo, Bombay, Kara- chi, Kharramshahr Basrah.
&
13
,
UTILITIES
Trart XD
.. 10.10
2500 10,10
Star Ferry.. _ 101
C. Light (0) P.15 9.20
500 a 0.13
Electrle XD 230 22
2000 @ 2.40
་
Elec. 10.30
| collaboration between the two.
December
Coment ....17.10 17.00 1500 m 47.40 100 0 1735 Rope ........ 29.00
Number 2 rubber, October 30-08 Number 3 rubber, October 635-4
7414-4
7434-35
30.40
Number rubber, October 60-81 Spot bber, unbaled Blanket crepe
7372-7036
104-109
-United Press.
Canada
(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A
Qucon's - Building, Telophona · 31206.---- Chinese Department: Tolephono 28293,
C. Light (N) 0.16
Matzo
Telephone LT 17.00
INDUSTRIALS
STORES, ETC.
Daly **** Watson ..... 21.30 27.00
رية
Crawford 26,70
COTTONS
Ewo
7.30
Canadian Reply To
British Suggestion LONDON TIN
On The Crisis
Montreal,
An important leading article has just been published
by the Montreal Star, an unprejudiced Canadian paper without any fixed political leanings.
'It answers a comment by the Manchester Guardian on next November's conference of Commonwealth Prime Ministers.
•
Economist
Provides Surprise
Washington, Sept. 10.
It would help at the con- ference, suggested the Guardian, If Canada would Five up her detach- "posture of Olymplun
MARKET
London, Sept. 10.
Bank and
organiza-Number 1 rubber, per ib. The IMF tions, and suggested closer October
November
BRITISH STATEMENT References to Britain in statement prosented here the Governors of the IMF by Mr Henry Murphy, chief of the Fund's Anance department were taken up by Bolton, alternato
Sir George Governor of
the IMF, last night,
Mr
No. 1 pale crepe
41-89
NEW YORK MARKET
'New York, Sept. 10.
Prices of rubber futures closed
Murphy had asserted that today 35 to 115 points higher
NY Foreign Exchanges
New York, Sept. 10. US$1,04-1/10
England-cmetal
H
"all Westem European nations with sales totalling 101 contracts. New Zealand with the possible exception of Trading was featured
Denmark
the United Kingdom, appeared strength in expiring September Eelgium
by Bouth Africa to have absorbed their intent delivery although
dealers weTo inflations at least as far as pre-reporting a broader commision France
West Germany as a house demand for December de- Hulland war comparisons serve
livery. Some activity guide."
was re- | Italy
The tin market was dull and easter, Turnover was 10 tons, In spite of substantial reduc- ported in spot, consisting of Norway none of which was for cash. tion in liquidity since the end of dealer switching of three or four Fortugal Prices elased at the end of the the war, Britain was still one-serts for November arrivals.
closed today official morning session as third more liquid last year than follows:-
in 1939, Mr Murphy said.
30.30-30.35 001 Sir George Bolton D67 i seven
Spot tin sellers
Spot tin, buyers
Buntess done ot Three-monthın tin, buyers Three-months tin, sellery Businces done al Settlement
237
Prices follows:- September that Gotober
when theconomists, November
for European
when asked by Organisation December 032 W
January (1053) Economic Co Tebruary 134 operation to report on several March Dezmembers of the European PayApril
May ments Union "came to
Con- June clusions in regard to the United July Kingdom very different from Augunk
September those of Me Murphy,"
October November
United Press.
ment," and would join in efforts Pepper Market
for
economic
understanding
"with the friendly constructive
energy we used to admire."
wo
The
New York, Sept. 10.
ruled market pepper The Montreal Star retorts that steady to firm with spot materiat It was most unlikely that Canada sold at around $1.80 a pound. would have anything to do with
On shipment position, the
MAIN OBJECTIVE The convertibility of curren- cles is the primary objective of members of the Fund, M. Plerro Mendes-France, member of the French delegation, said. But it
any scheme for the establishment first half of September wan is impeded by the deterioration of a Commonwealth trading bloc, quoted at around $1.00. Septem- in the flow of International
trade. A Government economist says | discriminating against the rest ber $1.50 and October $1.50 a
of the world.
the golden tide of défence dollars is levelling off for ahead of
pound, all on an ex-dock basis, Nor could much be expected-United Press, schodule and may remove some from efforts
to persuade the United States to take down the
of the supports of business.
Robert C. Turner, 0 new bars against foreign goods.
member of President
Truman's
three-man Council of Eonomic
Advisers, gave the surprise a ...praisal yesterday as he took his
oath of office,
of of
Spot
3.72-7/10 2.54 bid- 2.57 asked
2.7776 2.50%
248
Sept. 22
*Oct,
Oct, 18
For Freight and Further Particulars please apply to:-
JEBSEN
Pedder Building.
F
CO.
Tel. Nos. 86068-9.
Dates and rotation subject to change without nofloo
At liberty to proceed via other porta to`load/discharge cargo.
Use
German Complaint Over Foreign
Of Trademarks
Duesseldorf, Sept. 10.
The Association for German Trade Marks
increased by
says German exports could be 1,000,000,000 Marks yearly if foreign firms were prohibited from using brands which were con-. fiscated during World War II.
Producers of eau de cologne, soap, hair tonics and other products claim they are losing about 50 per cent of their potential sales abroad because foreign firms "sail under a false flag."
uroMcial
30-day futures
90-day future
Australia
2.77
2.784
0100
.1456
22385
1430
.6350
28.03 naminal 27.53 235-2520 25.00 nominal
Spain 35 Switzerland
Egypt I Iraq Turkey
.0204
Sweden
MIDDLE EAST
2.2015
2373
23.66
LATIN AMERICA
000,000 Marks
25.40
223.225
23.20 bid"
Argentina Draxit Bolivia
.725
yearly
Gorman which bear
0550
trademarks.
0103
Trade-marked. German
however,
In have agreed principle to pro-
restore German
25,00 nominal
.0005
24.00
Colombia
10253
*
24.90
Cuba
1.00
during the war,
H
26.00
Bexten
1104
"
24.00
Fen
.0035
H
24.70
Uruguay Venezuela
2000
2000
United Press.
FAR EAST
original product.
India Pakistan Jongkong
2000
During
hostillies, ihe
over by
.1700
6000
2230
LONDON MARKET
Prices
Chilo
Indonesia London, Sept. 10, of rubber
futures Singapore
Japan
closed today as follows; Number 1 rubber, in pence
por it.
October the November the December
October/November January/March April/June
Addressing the meeting Board of Governors Fund, he declared that inter national trade had increased threefold in 35 years before the|
Exchange Rates First World War but had hardly
increased
further any
since
then.
M Mendes-Franco was con- Adent that the United States would be capable of checking excess deflationary or 450 any 3450 inflationary tendencies.
thi
13.01
PLAIN FACT It might be that the call for closer oconomic
understanding unofficial
Business was done in the local
exchanga market was a round-about way of saying moming at the following rates:- that "It's
time
the British got dollar (per #1)
Sterling vote (per 1) Indonesian guilder (per 100) Continuer the Montreal Star: Sam tiesla (per 100)
100)
In a brief speech and later in another loan."
new Government studies which,
an interview, Mr Turner told of "The trouble is, of course, that Fie platters (per 1 he said, show that defence a loan might only postpone
British bankruptcy,
British
"The plain foot is that the
means.
10.11
11.075
-United Prest.
DECLINE IN WALL ST.
New York, Sept. 10.
feos if the
The Association asserts that must pay licence French Arms alone export 340,- trade marks are also being used
worth of goods by French companies:
Most former enemy countries,
ducts ceased to be exported trade-mark rights after a "praco contract" is signed with the West
Earlier, many German Arma German Republic. Associated
had set up foreign branches Prog.
which produced and sold the
branches were taken
foreign interests,
These bought confiscated trade
350 yen to US41 marks from their own govern-
-United PTO,
ments.
The Association says that in
·several cases after the
Lower Trend
In Grains
New York Sugar German arms which, wanted to major commodities in a lower
Futures
New York, Sept. 10. World sugar futures closed today 1 to 2 higher with sales totalling pointe,
their
Chicago, Sept. 10. Chicago grains joined the was..
resume selling
trade- trond stemming mostly from the
of marked goods abroad were forced weakness
vegelbta olis, fo cancel contracta because coupled with reports of favour former branches obtained nourtable weather over the corn and Injunctions against their old soybean producing areas. parent companies,
INTERESTS DAMAGED The Amsociation charges that sold under goods totaling 134 the foreign
German trade marks usually have
Prices closed
Contract No. 8 closed 1 to 2 lawer, with soles contracts,
today Contract No, '4: (world) ·
October Палату
3.01 bid
2.92 Vid
+
3.84 bid
follow-
The New York stock market A plan for an immediate, and great increase in the rate of declined today, fosses ranging Пow of investment of capital from fractions to $3 a sharo to undor-developed countries with most confined to fractions
Falaki, of Egypt,
was made by Mr Mahmold El while some shares grined frac-IT are living beyond their JAPANESE BONDS
aro
spending and production kayo already virtually reached their peak.
Earlier forecasts by Prouident "They
hot producing Truman and his mobilisation enough to pay for what they chiefs, had indicated a steady, must have and for what they continued expansion until mid-
'Olympian de- "It may be
1958.
want.
London, Sept. 10. Japanese bonds
80% BAR (48, -02 1808) .............
48. "B" (48. of `1910) "C" (45. OF 1907), #47) 1311⁄4
14
184
Beater.
tions to a dollar.
July
· Beptember Trade-1,700,000
shares was October the largest since Apri, rest
January The market opened lower and Spot
Copra Quotation hey selling near midday trova November
Now York, Sept. 10, prices), down, but a broad, ro- Marn
May Copra was quoted today at covery, followed, aft $142.50 porchort" ton, naked Some steels, rallways,
petro July:
September 004 Coconut oil was sold at 10. leums and motore declined-As-
Spot -United Press. - - centa a pound.—United Pruin sociated PrCSE,-
This projected expanalon-as tachment to point this, oui, but ;; “D” (Un, of 1934)-**** well as current spending-bad | it lies at the root of the problem, "E" (640 of 1030) been a big stimulus to business.-- and at the heart of next Consols
Associated Press,
November's discussion."
3.40
3.01
4.00
Contract No..
Wheat closed 1 to 1% lower and soybeans were 2 to 3% lower.
Prices closed today as fol lows:-
Wheat-price per bushel
as nothing in common with the Spot
original German product--excep? september
December
May
the mamma.
This practice heavily damages March (1813) German Interests, the Association Vern 3.00 nominal complains, and many pre-war 3.03
Bontember customers who preferred Ger- pot man quality goods have turned Decompe
March 1943) to other sources,
many's largest foreign customers | spok for not returning confscatod | Semember trado
Oats mark to thehöriginal:
Spot 5,07 nominal | German owners.
September ist It points out that exporters trade-marked goods" to France" #1220,-United iTest.
6.32
**United Press,
The Association criticises der-Ma Rya
New York burger 200
2.4315
1097091