MESSAGERIES M
Arriving
THE CHINA MAIL, WEDNESDAY, SEPTEMBER 24, 1952.
MARITIMES EMPIRE ECONOMIC TALKS ROYAL INTEROCEAN LINES
Leaving
M
Outward For
"SAINT MARCOUF" ....Oct. 20 Oct. 23 Jupan "PEI HO"
-Nov. 10
*"LA MARSEILLAISE" Sept. 29 **CKENOBLE" ..........Get.
Homeward For
Mutuelles via Salgon
Nov. 111
*Japan
"FALAISE"
.......... Ort.
222
Hept, 30
Uct.
Oct.
0
23
N. Africa & Europe
N. Atilea & Europe
•
For passenger and freight.
+
For freight to Salgon, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam,
Accepting carpo:
Vla Marsellies to all Mediterranean & West Africa Ports.' -via Djibouti to Madagascar,"
Subjret To Change Wabout Notice.
CIE DES MESSAGERIES MARITIMES
PO Box 53, Hongkong.
Queen's Building (gr. floor)
EVERETTE
Tel. 26651 (3 lines).
LINES
EVERETT ORIENT LINE Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-Chinn, Slam, Malaya, Burma and East Coast Indian Ports,
"LENEVERETT"
in Port
Sails
Leading
Supt. 26 for
"NOREVERETT"
Arrives Salls
· Osaka, Kobe, Moji,
& Shimizu Yokohama, Nagoya.
Sept, 30 from Manila:
Penang.
Det. 3 for Singapore.
Rangoon & Calcutta.
(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, Siam, Malaya, Ceylon, West Coast Indian and Persian Gulf Porta.
FIRST CLASS PASSENGER ACCOMMODATION M.S. "STAR BETELGEUSE”
Arrives
Sails
Oct. 5 from Japan. Oct. 6 for
Singapore,
Port
Swettenham, Madras, Culombo, Bombay, Karachi, ramshahr. & Basrah.
M.S. "NORDSTJERNAN"
Arrives Soils
Oct. 21 from Singapore. Oct. 22 for Kobe & Yokohama, (Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Queen's-Building, Telephone-31206. Chinese Department: Telephono 28293.
The Rubber
Markets
Singapore, Sept. 23.
Prices of rubber futures closed
today as follows:--
Number 1 rubber, per 1h.
October
November
704-77
Dreckber
Bumber 2 rubber, October
703-77 701-71
Number 4 rubber, October
Number 3 rubber, · October
Spot rubber, unbaled
...
Planket crepe
No. 1 pale crepe
63-03 732-702 62-131 10-104 United Press.
NEW YORK MARKET
New York, Sept. 23. Prices of rubber futures closed today slightly easier.
Ostrer
November
Dicember
January (1932). Trbruary
March
Anri
Mity
June
July
August
Seileraber
Cctober November December
Spot
CANADIAN
WHEAT
FOR INDIA
Ottawa, Sept. 23. Canada announced today that she would pllocate $5 million of the Colombo Plan funds in the current fiscal year 10 perm!! India to buy Canadian wheat.
India was allocated $19 million of Canada's Colombo Pian con- tribution last year for the pur- chase of Canadian wheat,
The External Affairs Deparl- ment announcement said the Government of India ha re- 26.75 nominalquested "a larger propo:llan of Colombo Plan aid in the form of 28.56 bid 20.10 nominal wheat but the Canadian author- the balance ties considered tha 25.02 25.45 bld
of the funds, available is India should be used for the provision of capital equipment directly related to the Indian economic development programme."
25.27 nominal 25.10 bid 24.05 nominal
24.00
24.03
24.80
24.00
21.03
24.50
27.75
United Press,
LONDON MARKET
•
n
The 1052-53 wheat contribu- tion to India, will be handled as it was last year, through "counterpart fund." The Govern ment of Indin will set up a fund in rupees from the sale of the Canadian wheat and will be used for internal Prices of rubber futures closed anancing of economic develop- |ment projects to be mutually agreed upon by the two govern- ments.
London, Sept. 23.
tiny as follows:-
Number 1 rubber, in pence
Der lby,
November
December
January/March
April/Jim July/September
2234-36 2212-13 224-34 2312-17
this
Officials here sald. they did not know how much wheat, the 212-22 $5 million would buy. It would United Press.
depend on what grade Government of India agreed to
the
Canada has contributed $25
JAPANESE BONDS take.
London, Sept. 23. Japanese
bonds "A" (48.. of 1800) 81 "E" (4 of 1010) 67
"C" (4%.
of 1007) 120% of 1934) D414
the
million in each of the last two fiscal year towards the $5,000 million six-year plan for
of south and rehabilitation
Asian countries, southeast
"E" (54. of 1930) 151 Canada's contribution has been
"
"D" (s.
Consols
80% split between India, Pakiston
land Ceylon--Router.
-United Press, «
Domestic Situation To Be Discussed
More Liberal Conference To Take Trade Policy
By Japan
Tokyo, Sept. 23. Japan In to life itu ban on exports to Commonwealth countries on October 1.
Imposed earlier this year because the alinistry of In- ternational Trade and In- dustry considered that Sterling funds had become too large, the ban is to go because Japan's Sterling balances have decreased. Ministry according to
statement here today.
The measure is part of a more liberal trade polley by Japan-Reuter,
Rubber. Importers' Complaints
Singapore, Sept. 23. The British-owned news. paper Straits Times, in an editorial today; urged that action be taken to put an end 10 complaints from Japan regarding the quality of rubber she was receiving from Malaya..
Up Issue
Of World Gold Price.
London, Sept. 23.
The Commonwealth Governments have agreed that their domestic economic situations should be discussed equally with the external situation at the forthcoming Prime Ministers' Conference in London, a usually reli- able source said today.
+
The source added that the extent to which the internal position of Commonwealth Governments should be taken into consideration at the Prime Ministers' talks had been discussed and agreed upon by senior Commonwealth officials.
These officials
over 50 finance and economic experts paratory work for the ministerial conference here yesterday.
an
source said today.
Authoritative Mr Lester Pearson, Canadian development External Affairs Minister, asked
The source added that this was about the Canadian attitude to
objective which the conference, said that Canada one major considered that the whole Australia was anxious to attain Anancial and economic situatio, in the conference.
sub- internal and external, must b discussed by the Prime Minis-mited specific proposals, but-the- iers.
The Canadian Authorities had criti-ised thic proposes con- ference agenda because it tender lo exclude domestic, economic and financial issues from the
Comunionwealth thiscussions,
Australia has not yet
Australian emphasis on capital for development would emerge later in the talks now being held by officials.
began the pro-
Cotton Talks Dragging
SLOW PROGRESS
of
for in-
It was probable that a special committee would be established then to examine production and the Mr Pearson understood the development projects in Sterling Area n3 part proposals utter was not now in dispute the long-term
The price of gold will be dir- cussed by the officials and also improving Commonwealth probably by
one of the com-
The Australian Prime Minis- mittees they are setting up 1eter, Mr Menzies, and other Aus-share handle particular questions.
tralian officials have emphasised 'Australia's desire for capital.
ed to study Sterling, convert. Committees are being appoint- bility, Commonwealth develop- ment UD: commodities, usually reliable source said.
ancos.
Buxton, Sept. 23.
Oct.
*TIGANUTA ***BANTSEL- ites.
"STRAAT
MAKASSAR"
"TEGELBERG“ STJAPANE” "TIBODAS"
“TJILUWAU"
“VAN BEUTAZ” "STRAAT
MALAKKA" "MARTBUYCKER" "TABMAN“ *TIANGI"
"RUYS"
"TJIPANAB" "THBADANE"
TIPONDOR"
*STRAAT
MALAKKA
"VAN BEUTAZ" "THLIWATI"
TAILINGS
7
Oct. +
Oct. D Oct... I Oct. 24
To
Singapore, Jakarta,
Surabaté & Sacanakr
Semarang,
Klanta, 14. Ports, Belawan
Singapore, a 8, Africa
Dali,
Singapore. Mantitius, 8. Aftica A
8. America
Japan *FapRa
Djakarta, Semarcal,
Macamer
Ringapore. Diskarta,
Hurobala & MDCANIAS
Singapore & jakari
Surabhia
Bemarang.
Singapore, Penang & Belawan Beit
Singapore, jakarta,
Oct. 20
Japon
Oct. 21 Oci. 23 Oct. 2 Nov,
Japan
Nov. J Nov. · Nov.
Nay,
Nov. 10
Nov.
11 Nov, 10
Butabala Macamar
Зарад
Japan
SEIDAJADE,
Singapore. Mauritius, B. Africa,
B. Amertea
Djakaria, Setharang Surzbala &
Macassar
Mahdia, Bingkodre, B. Africk, 28,
Ariertes
Singapore, Penang &. Belawan Dell
Sluggpore, fijakarta, Somaradz,
Surabala & Macassar
hanait
Dakarta Senate. Rurabala
Marmar
surabala, & Malacasian
TEGELDENO" "TUKAMPER"
"TJIWANGI".
"TEGELDENG"
TJIDODAS"
"TUWA" "BOISSEVAIN" "TUWANGI"
Nov. 21 Nov, 27
Der. 2
Singapore, Djakarta, Semarang.
Dec, ▸
Dic. 14
Ataulis, #gapore, Merius,
B.
Dec.
Dec. Jan.
16
Japan
2
Africa & 5. America Bjakarta, Hemarang, Surabała
Maccar
Singapore.. Sakarta, Hematant.
Surabala & Macassar
Singapore.
Djakarta,
Surabata & Mucatar
ARRIVALS
Semarang,
From
Yarabala,
Hemarang.
Djakarta & Bingapore
Djakarta, Remarang. Surabaja
Мисать
"THWANGI"
"THBANTJET" "TJILUWAH"
TEGELDERO"
Sept. 28
Oct. ↓ Oct, 5
Oct. 7
Масавая.
Japan
"STRAAT
MAKASBAN"
Oct.
3. America. 8. Afrien, Mauritius, Kingapore. Djakarta Manila
Japan
TEL. 28015/18. British bids for a major | KING'S BUILDING, Ground Floor.
CHINESE AGENTS; 81 CONNAUGHT RD, C. TELS. 31196, 25133
In the world cotton textile markets are believed to be holding up progress in the international cotion textile conference meeting here.
CAPITAL NEEDED The Immigration Minister, Mr Harold Holt, is pursuing in The paper, however, pointed
Ottawa and Washington an idea cut that these complaints would
discussed with European Britain is unofficially reported WORKING GROUPS not have arisen if Japanese pur-
countries in
to have put figures to the con- Other Committees will be governments that chases had been made through
terested in fostering migration ference's statistic committee for set up later to consider Te reputable firms in Singapore,
from over-populated European her future exports which do not lationships with the General
countries should help Australia at into the patterns of other ол Tariffs the Agreement "ir
andrasp The
said: paper
Ideas-claim- Trude, the European Payments increase her capacity to absorb exporting nations' Japanese persist in buying from
World Bank, Union, the
ing too large a slice of a smaller the grants. unreliable packers ot o dis-
Monetary Fund,
world export cake. count below the ruling merket laternational
pattem of Imperial price, they must take the risk and the of receiving rubber that is below preferences. It will take some days before, thele functions and would be the quality they entitled to expect if they had scope emerge. paid the proper market price.“
WPS
would buy more rubber from Indonesia it there were con tinued complaints regarding the qually of Malayan rubber.
The officials, representing ning countries, me! in working groups today.
A Treasury spokesman said plenary Session, yesterday's presided over by Sir Frank Lee, Permanent Secretary to the Board of Trade, was entirely
informal.
His proposal is that inter national action should be taken to provide capital fo: develop ment of essential services if Australia is to be able to restore the earller
flow heavy
of
of
preparing estimates
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
for each of the
M.S. "NICOLINE MAERSK”
MS. "ANNA MAERSK"
com-
M.S. "LEXA MAERSK"
M.S. "LEXA 'MAERSK"
M.S. "LAURA MAERSK"
M.S., "LEISE MAERSK"
The statistic committee, re- presenting all; the five delega- ilons Britain, India, Japan, the United
States and Western Euro habice future world exports migrants.
One cfficial said today that the of cotton textiles and the share The Straits Times said there
conference was still in the early of that trade a possibility that apen
little delegations. stage and preliminary concrete. in the way of decisions Meanwhile the other was expected to emerge. The delegates were collating data.mittee-studying possibilities of cats were cold arguments expanding orld consumption for and against proposals qui cotton textiles has run into of
gov-conflicting views.
American would not profter denile
The
delegation ernmental decisions.
wants countries to try to lit- This would be left for the
domestic sales of lex- forthcoming conference of Prime crease
tiles as Ministers.
the best way of ab
rolus mill sorbing surplus capacity.
The Japanese on the biber hand have said they cannot increase domestic consumption much because they must export cotton textiles to pay for im- ported raw cotton and other raw materials. und foodsthe. country needs.
The paper
continued: "The aggravating feature of the situa- tion is that legislative authority has been in existence for two and a half years to deal with just this stato of affairs.
"The whole question of pack-] ing and shipping rubber from the Colony was examined by u Select Committee of the Legisla tive Council before the Rubber Packing-and-- Shipping Control Ordinance was passed in March, 1950.
Today's agreement to permit Biscussion of domestic financial policies reflected the desire of all the delegations that the talks should be pcrfectly free-i
Sir Frank, who is also leader of the British delegation, will over most of the also preside
parties. working
No steering committee will be su! up
there
will and be very few plenary sessions.
The British delegation has given to the other eight visit ing Commonwealth delegations a mass of statistics and polley Heuter. documents. These deal with several-uspects-of-the-financial, economie, trading, commercial and fiscal problems of the "For reasons
which are not Sterling Area, of which Britain
the measures the banker.--- readily apparent,
It has not been implemented.
EMPIRE'S DEFICIT ruled is time that necessary were made under the Ordinance to safeguard the industry from a grave loss of reputation, if not something more material, through the methods of a section of packers."-Reuser.
Japanese Currency Allocation
The statistics and documents were prepared by the Treasury and other Ministries under the Ministers. direction of their British Ministers will now
The keep i
in the background.
will findings of the officials be referred back to them at the conclusion of the conference. There may be periodic interim references to British Ministers by the British delegates as the work proceeds.
and
One of the principal reasons for the Sterling Area's deficit thought to lle in the vast in- crease of capital outlay imports of capital goods in com- parison with pro-war years." Tokyo, Sept. 23.
The other
reason is the Japan's October-March foreign relative fall in the value of gold, currency budget, which has been drawn up by the Finance Minis- But financial observers here feel that the price of gold is not a of that the import try, $1,410,000,000 worth of goods matter en which practical con- of ser clusions can be reached by any conference at which the United and $48,000,000 worth vices.
States is not present. The draft originally made up
former E. Holloway, Dr J.
South for
African by the International Trade and Industry Ministry asked for a Secretary
ot $1,370,000,000 but the Finance and a world expert on Total
13 a Finance Ministry added $50,000, the gold price question, 000 for larger imports from the South African delegate to the
officials talks. Sterling Arca.
covers
GOLD PRICE
HONGKONG
SHARE MARKET
(From Our Correspondent)
Business done
on the Stock Exchange this morning totalled $217,155. Noon quotations and the morning's transactions:- SHARES BUYER SELLERS RALEB DANKS
UK Dank... 1410 East Asia INSURANCES
*148
750
89
Union DOCKS, ETC.
K. Wharf... N..P Wharf 0.00 0.55
Provident
(I)
**** doc. 1.15 Whetlock 123 LAND, ETC.
HK Hotel...
Shal Dock
HK
and
(0) XD JK Land (N) XD S'hai Land UTILITIES
Tram
Star Ferry
Da 735
0.43 8.30 1500 m
4500 0.43
493/
4831
1124
19.20 10.40
100
U.S. STATEMENT...
The Chairman of the Ameri- сап delegation, Mr. Robert Stevens, Chairman of J. P. Stevens and Company, New York, today lasted a statement stating there had been a free- interchange of views about the current plight of world textile exports and efforts which
might be fruitful in enlarging that trade.
"Whatever the outcome of the conference, we of the American delegation feel well repaid for our long trip by the mast cor dial manner in which we have been
all the received by delegates and their attitude to the conference's common prob- lems," Mr Stevens said.
expect the conference to continue until
problems are
common
these thoroughly dis
discussion the
cussed and a statement sum-
using
up," he added.
Is
reli-
According to a ference's
source.
the
able steering committee work by the other
hopes that
two com
mittees will be suficiently ad- vanced for them to discuss it tomorrow. This being so, the 4100 100 steering committee hopes to call
50 19.20 nmox
C. Light (0) 0.15 0.20 100 @ 220 à full and Anal session of the 1500 0.16 conference
C. Light (N) 0.20 630 1000 0.25
Reuter.
, הס
Thursday
17.10 17.30 1000 17.10 New York Sugar
to
Electric, XD 21.10 22.30 Macan Elec. 10,00 Telephone. 1735 17.80 INDUSTRIALS
Cement Поре STONES, ETC.
Dairy Watson COTTONS
-T.. Crawford
Ewo MISCELLANEOUS
Yangitzo
10.10.19.20 200 m 19.10 700 21.00
2.33
Under
the proposed budget,
Mr Nicholas Havenga, Southi $855,000,000 worth of goods and
Africa's Finance Minister, is $42,800,000 worth of services
from the understood to have summoned will be purchased
to spécially Holloway dollar area. $488,000,000 worth of Dr goods and $3,000,000 worth of attend the London discussions.
Dr Holloway will be largely services from the Sterling Area, and $290,000,000 worth of goods responsible for drawing up a and $13,900,000 worth of services memorandum favouring a higher
price for gold, from the Open Account aren;
This memorandum-is expected
be submitted to the Com
Prime Ministers' Conference
The fixed official price of gold today is US$35 an ounce.
Business was done in the local been unchanged offcial has
This This
exchange tmarket sinca 1034 despite rising costa morning at the following raten:
... 03378 and U.S. doller (per 1 of all other commodities
Berting note (per £1) particularly mining production. Indonesian guilders (per 100) 20.00
The Commonwealth Relationk | Siam ticals (per 100)
Born Stralia) Omice will hold a reception to morrow. for the officials-ReuFIC plastres (per 100)
Final approval of the draft is expected to be given on Septem-to ber 25 at a Cabinet meeting-monwealth France-PressC,
LONDON TIN MARKET
.
London, Sept. 23. The tin market was steady at the lower levels. Turnover was 75 tons, Including Aye, tons forter.
of the omelal moining esslan as follows Spot in, Büylers
25 tales closed at the end
pot tin, sclibre business, done at Three-months tm, buyers - Three-thanthe, tin, selleri Business done at
Bettlement
..
Futures
New York, Sept. 23. World sogar futures
closed 1000480 unchanged to 2 lower with sileh
totalling 218 contracts.
Contract No. 0 closed 1 highe to 2 lower with sales totalling 20 contracts.
Exchange Rates
Conflict No. 4 (world)
To Learn From Japs Spat
18.04
October January March
14.50
MAY...
10.18
July
11.00
September
October January
Contract No.
WOTYK
November: March May July Repleinber Spot
AUSTRALIAN PLAN
London, Sept. 29.
New Delhi, Sept. 28. Australia's delegation to the
The Indian Government pro Comitibwalls Prime Militers Conference, which will be held pbees to mind á group of bericul-
Tallk November für experla in London in Decerator, wil strèed Australia's specialista) to Japan to audy D-946 desire to raise more capital advanced methods of silk worm overseas to finance esential raising-United Press,
DE81
4.02
$94 nominál
3.00 bid
3.63 bld
3.23 bld
3.00-3.87
3.01
3.08 tiomitial 4.00
abi
5.44 big
140 bid
aida nominat
5.50 nominal. 6.03
United Press.
ARRIVALS FROM U.S.A.
Oct.
2 Oct. 16 Nov, 2
Oct. 5 Oct. 18
Νον.
1
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building.
Tel. Nos, 3606Ġ-9,"
Dates and rotation subjeck ̄to"change" without “notice,
ports to load/discharge cargo.
At liberty to proceed via other
PENINSULAR
QUIS HOS SEPARABI
& ORIENTAL
STEAM NAVIGATION COMPANY
R.M.S. "CANTON"
SAILS:
NOTICE TO PASSENGERS
BAGGAGE:
FRIDAY the 26th September at 12,00 noon for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said.
ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown, at NO. 2 GATE, CAN- TON ROAD ENTRANCE By noon on THURSDAY the 25th September, 1952.
SPECIAL NOTE: With the exception of hand packages carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading on board by ship's slings only. EMBARKATION: Will take place FRIDAY, the 28th September, 1952 between 9.30 a.m. and 11.00 am.
To ADVERTISERS
BUNDAY POST-HERALD Space
for
commercial
advertising should bo
booked not later than
noon on Wednesdays.
+
BUSINESS REGULATION ORDINANCE
1952
J...
Copies of the prescribed·
For the BOUTH CHINA Forms 1(a) 1(b) and (c);
MORNING POST and the
CHINA MAIL, 48 hours before, date of publication.
Specia)
Announogmenta and Cikained Advertise.
menta ke vsual,
Now On Sale at
S. C. M. Post, Ltd.
Hongkong and Kowloon,
TEN CENTS EACH