ROYAL INTEROCEAN LINES
BAILINGS
To
Bingepers, Djakarta, Semarang.
"Kurabála & Macamar
Halikpapan, Burabala, Semarang. Djakarsa, isolawan' Dell, Singa- pore, E. & 8. Altles
Manila, P., Farta. Dlakarta, Kinga-
pore, Mauritius,
H. America
Djakaria, BOMATAGE,
MacMear
Hingapore, Djakarta,
Kurobala & Alacassar
Mlacksear
Africa #
BUTADRIA
*
...
Semarang.
Semarang, Kurabata
Singapore, Djekaria & Fitmantle Singapore, Djakarta.
Histabata & Macr
Demarad.
"THWANGI"
"TJIMANTJET"
Oct. 2
Ott. T
"#TRAAT
МАКАВВАП"
Oct.
0
*TCGELRENG"
"THBADANE"
"TJIRODAS"
Oct. 8 Oct 12 Ort, 12
Japan Гарад
"TJILUWAII"
Oct. 30
*VAN HEUISZ"
Och 20
Japth
"STRAAT
MALAKKA“
Oct... 21
Japan
"TABMAN"
Get
zz
Jakart
"MAETSUYCKER" Oct.
23
"TJWANGI"
Nov.
"RUTE"
"TUPANAS"
TJINGNDOK"
Nov. Nov. 21 Nov. 9
Nov,
J
Japan
Japa
Nov. 10
Nov. 16
"YAN HEUTHZ”
Nov, 21 Nov. 22
"FJIRAMTEK”
Nov. 21
"THWANG1"
Dec. 2
"TEGELBERG“
Nee.
-Manila,
Singapore, Marilux,
#
Afilca a 8. America
#TINGNAS"
Der.
30
jakarta, Semarang. Buradala
Minera ar
4
"TJCWAR"
Dee.
11
"HOISSEVAIN"
Dec.
30
TJIWANGI"
2 Jan,
"TJIBADANE"
"STRAAT
MALAKKA "THLUWATE"
TEEM.HERG"
Singapore, Mauritius, 'g. Africa, &
A. America
Djakarta,
Mocar
Semarang
Burzbain 4
Malia, Singapore & 9. Africa
Singapore, 1jakarta, Bemarang,
Kursbals & Macaísar
Зарад
Singapore, Djakarta Jelaws Dell Djakarta Remarang,
Macasar
Surabala
Singapore, "Djakarta, Bemarang.
Burobata & Macassar
Singapore. Djakarta, Semarang.
durabala & Macassar
Japan
ARRIVALS
Singapore, Djakarta,
Rutabala & Macassar
From
Bemarang,
TJIWANGI"
Sept.
20
Machar. Surabala,
Bemarang,
Djakarta singapore
TJIBANTJET"
del,
3
Japan
"TULUWAH"
art..
5
Macka
TEGELBERG"
Och
7
"KTRAAT
MARARBAK
Oct.
7
Djakarta, Nemarang, Burubala
tg
B. America. B. Africa, Mauritius,
Singapore, Djakarta & Manila
Jupab
KING'S BUILDING, Ground Floor.
TEL. 28015/18.
CHINESE AGENTS: 82 CONNAUGHT RD, C. TELS. 31190, 25133
EVERETT
LINES
EVERETT ORIENT LINE- Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-China, Siam, Malaya, Burma and East Coast Indian Ports.
"NOREVERETT” ·
Arrives
Soils
Sept, 30 from Manila.
Oct.
I
for Singapore, Penang, Rangoon & Calcutta.
"BRADEVERETT"
Arrives Sails
&
Yokohama.
Oct. B from Singapore. Oct. 0 for Kobe
(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STAR LINE
Fast cargo and refrigeration spaces available for Korca, Japan, China, Philippines, Indo.......... China, Slam, Malaya, Ceylon, West Const Indian and Persian Gulf Ports.
FIRST CLASS PASSENGER ACCOMMODATION M.S. "STAR BETELGEUSE”
Arrives
Salle
Oct, 3 from Japan. Oct. & for
Singapore, · Port Swottenham, Madras, Colombo, Bombay, Karachi, ramshahr, & Basra,
· M.S. “NORDSTJERNAN”
Arrives Sails
Oct, 21 from Singapore. Oct. 22 for Kole & Yokohama,
(Accepting cargo for iranshipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephone 31206. Chinese Department: Telephone 28293.
m.v. "LA MARSEILLAISE"
will sail for. MARSEILLES
vip
+
MANILA, SAIGON, SINGAPORE, COLOMBO, DJIBOUTI, SUEZ & PORT SAID
on
Tuesday, 30th September, 1952 at 10 p.m.
Passengers are requested to board the vessel with their cabin baggage on the 30th September between 5 and 9 p.m.
Baggage room and Hold baggages will be registered at the Kowloon Godown No. 50 (No. 2 Gate, Canton Road Entrance) on the 20th September from 10 a.m. to noon, and from 2 to 5 p.m. and on the 30th September from 10 am to noon only.
No baggage will be registered after that time.
COMPAGNIE DES MESSAGERIES MARITIMES
Queen's Building
THE CHINA 'MAIL, FRIDAY, SEPTEMBER 20, 1952.
Slump In Japanese Delegate Serves Notice
World
Shipping
THOUSAND SHIPS
-w
LAID UP
New York, Sept. 25. Nearly 1,000 ships have been died by the world- wide slump in shipping, the Journal of Commerce esti- mates.
L
all major "Shipowners in maritime nations of the free world are caught between a fust dropping demand for their vessels and the steadily mount- operation, the cost of business paper wald, adding: "And the general feeling among them is that nothing now in sight is likely to ease either condition over the coming winter."
a survey
The Journal sald just completed in principsi shipping centres "Indicates that the pressure is the greatest un countries with the largest mer- chant fleets, the highest hari- time wage scales, or the lowest vessels proportion of modern
to the total size of the fect.
"Still deeply concerned, but not quite to badly off, are the nations with relatively small merchant fleets, lower wage of new or high ratios
****Current estimutes now range upward to about 1,000 vessels that have been idled or laid up
since the world ocean freight
market started its nose-dive last November."
The publication noted that the decline started with the end of the stockpiling rush by the free nations which was initiated following outbreak of the Korean war, but it listed four other reasons for the slump:
TRADE REDUCTION
1. Increasing currency prob- lems in many countries which have led to sharp reductions of imports.
2. Europe's Improved coal position which has greatly duced coal shipments from the United States.
re-
3. Resurgence of West Ger- man and Japanese merchant fleets which has heightened competition for available
car-
4. The large number of mer- chant ships completed since the
war.
Mr Kojiro Abe, Chairman of the All-Japan Cotton Spinners' Association and President of the Tokyo Spinning Company Ltd, (right), who yesterday told the International Cotton Conference at Buxton that Japan was out to recapturo her pre-war texilie markets, The_ picture was taken at the opening of the conference-Express Photo,
MESSAGERIES
M
"SAINT MARCOUF" "PEI HO"
•"LA MARSEILLAIŠE”
+"GRENOBLE"
+"FALAISE”
•
Artising
MARITIMES
Leaving
Oct. 20 Oct. 23 .Nov. 16 Nov. 20
..Sept. 21
UCL..
Sept. 34
4
art. 20 Oct 30
For passenger and freight.
M
Outward Par
Jávan Japane
Homeward For
Marielles via Salzon N. Milea & Europe,
N. Alden & Europe
For freight to Saigon, Algiers, Oran, Tangier, Carablañea,
Havre, Dunkirk, Antwerp & Rotterdam,
Accepting cargo:
--vla Marseilles to all Mediterraneim & Went Afrle; Ports.
-via Djibouti to Madagascar.
Subject To Change Without Noller,
CIE DES MESSAGERIES maritimeS P.O. Box 63, Hongkong Queen's Building (gr. floor)
Tel. 26651 (3 lines).
Japan Determined To Recapture MAERSK LINE
Pre-War Textile Markets
Buxton, Sept. 25.
Japan today served notice to the International Cotton Textile Con- ference here on her determination to recapture her pre-war dominance of world markets.
Delegates from India, Japan, Western Europe, the United States and Britain, who have been meeting here to discuss future world exports and mutual problems including Japan's re-emergence in world markets
heard Mr Kojiro Abe, leader of the Japanese delegation déclare:
1,807 million.
They knew that this situation
"Japan's
and exports of collon million goods necessary for the attain Together with Japan's 1.082 led Inevitably 10 what the ment of cronoric self-support millish, the 1031, total was 5,400 Americans had called "unbridled
competition." are 1,400 million square yards in million. 1053, 1.500 million in 1954, and 1,600 million in 1955."
Discussions at the conference
Mr Abe, speaking at the first months of this year exports were had brought home to everyone
public session of the conference he fee, aid: "I am sure that the participating countries to this nice have now understood how important the cotton indus try is for the very existence of the Japanese people."
conference
In total number of vessels lad up, the Journal said, the United States leads all the other mari- time nations, but most of these were Government-owned Liber-million.
y ships which were puiled out of reserve fleets to handle heavy cargoes of coal and grain last
year.
America's private tramp ship has also feet, akhough small, been hit hard, the Journal said, "because US tramp owners, who have to meet the highest wage bills in the world and the most stringent manning and safely
simply requirements,
cannot continue to operate at existing market rate levels."-Associated Press
The Rubber Markets
Singapore, Sept. 25.
futures Prices of rubber closed today as follows:- Number rubber, por lb.
October
November
Dotember
Number 2 rubber.
October
Number 3 rubber,
October
Number 4 rubber, October
Spot rubber, unbated
7012-15 2012-31 7013-71
05-5031
03-04
2514-7636
024-0315 06-103 ---United Press.
NEW YORK MARKET
Blanket crepe
No. 1 pale crepe
New York, Sept. 25, Prices of rubber futures closed 20 to 30 points higher with sales totalling 22 contracts.
26.30 nominat 20.00 20.70 bld 26.29 nominal
October
November
December
January (1953)
February
++
Barch
April
May
25.45
25.37 2530 hid
Jurie
July
5.99 nominal
Aurat
25.00
September
October
24.00
November December
Bpot
27.50
LONDON MARKET
United Prese.
London, Sept. 29.
Japan's Future export "targets" compare with 1,002 million equare yards exported last year, an annual rate of 020 million in the first half of this year, and pre-war exports of around 2,400 The ave delegations estimated their total exports of cotton piecegoods in 1053 at 5,075 mill- llon square yards. This com pares with the 5,230 million which the delegations arrived at as the average Agoro for the past three years,
By agreement, trade with the Iron Curtain countries was ex- dluded from the figures.
running at are
On the basis of the first six
annual rate of
a clearer realisation of the facts Japan 920 million square yards, in this connection, he said,
India 550 Britain 746 million,
Then, cyldently with Japan's, States 777 million, the United
Increase id spindicage capacity millon and 1,724 million.
Western Europe in mind, Mr Jackson added: "The ventilation of these facts must The conference declared that surely result in a greater likeli the existing production poten-hood that excess productive tial of the cotton textile indus- capacity will be avoided." tries represented was more than Nevertheless, the British cotton adequate to meet foreseeable industry had not last the vision demands.
of an expanding future and the
It therefore stated that all the courage to stake its fortune on countries should devote their adventuring therein, he declared. talents and efforts to increasing-Reuter. the consumption of cotton.goods throughout the world.
SELLING CAMPAIGNS Increased
de- consumption pended on effective purchasing power at the national and in- dividual level and a reduction in the price of cotton goods, to- `gether-with-better-quality unt In the breakdown of the 1953 expanded selling campaigns.
Every effort should be made export total by countries, Bri- tain's estimate of its own ex-to stabilise raw cotton prices at to both producers ports was the highest at 1,850 levels fair mililon square yards, followed and consumers, the committee by Japan's at 1,100 million, decided. Industrial India's at 1,000 million, and the cotton should also United States at 725 million.
ed.
be
11509
for
A
Black-List
Proposal In Malaya
Shigepore, Sept. 25.. black-list of Singapore be develop rubber packers who ship inferior
the rubber to Japan would be a re- medy if properly applied, leading brokers said yesterday.
n
They were commenting on suggestion made by the President of the Japanese Rubber Trady Association, Mr Ryuji Tanizawa,
Onu broker said: "It would be
a good solution against un- scrupulous sellers.
"It people resort to bad pack- of rubber shipments, why
Link
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA vla SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S. "NICOLINE MAERSK"
M.S. "ANNA MAERSK"
M.S. "LEXA MAERSK"
ARRIVALS FROM
"LEXA MAERSK"
M.S.
M.S. "LAURA MAERSK❞
M.S. "LEISE MAERSK"
Oct.
· Oct. 16 Nov. 2
U.S.A.
Oct. 2
Oct. 18
Nov. 1
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN &
Pedder Building.
CO.
Tel. Nos, 36066-9,
Dates and rotation subject to change wlihout notice.
At liberty to proceed via other ports to load/discharge cargo.
World
Tin Situation
London, Sept 25.
London tin circles do not expect in prices to anffer any major setback within the foreseeable future. Ons market authority has ci- timated world production of tin metal this year 155,000 tons and world in- dustrial constraption at 140,000 tons, leaving sh ond-of-the-year excess
at
enly 15,000 tonnage is
This excess
considered much smaller which than the tonnage
to
the United States Govern- ment appears willing take up for stockpiling — Reuter,
HONGKONG
SHARE MARKET
(From Our Correspondent)
Business done on the Block Exchange this morning totalled Noon quotations and
The conference endorsed NOT LAST WORD?
committee's view that
world The West European group trade in cottun goods was not
Ger- presenting France, West
likely to increase in the car many, Holland, Belgium and Italy, estimated their total 1953 future and that if exports In 1953 exports at 1,700 million square equalled last year's it would
a good performance. yards.
The Indian delegation justified now in Singapore. each These are the exports delegation expects to achieve, their own export estimate on the The earlier Japanese figure of grounds that India had lost 1,400 million in 1953 represen- good deal of territory with the ted what it claimed was neces-portition, which meant that ex-
for its sary
economy. What ports had to be increased. More- Japan expected to export is the over, the Government has ari-buy from them when there are smaller figure of 1,100 million. ncially restrained exports ir. re-others who are willing to pack
their shipments properly?" Mr Abe of Japan suggested cent years.
London buyers had already Replying to criticism that the that the estimates were not the
excluded a number of Malayan $88,105. million square last word. It
extremely
sellers
for bad packing, he of cotton cloth production
added. Reuter. able estimate, he sold
used in they In India's calculation was were examined objectively they large compared with the actual. no doubt left a great deal for output of 4,078 million in 1951, further scrutiny and investiga- Mr Kasturbhal of India guld that tion.
low that year production was said because w The British delegation
had since been pointedly that it did not endorse cotton, whia shortage of raw
overcome. the nddlilonal Japanese figures. largely
BRITAIN'S FIGURE Mr Haygarth Jackson, speaking.
Some delegates thought Brl- for Britain, added: "The
are tain's export, estimate of 1,850 situation, the same fuels,
wns
difficult to make any depend-ure of 4,800
same
to be viewed differently million square yards for 1953 npt different standpoints, and was large in comparisolt with
from
there are respects in which we actual exports
Wheat Prices
In Chicago
-
Chicago, Sept. 25. Wheat closed 13% lower to
of 865 million higher with advances influericed British team by the need of rain in the south-
do not altogether share the con- last year. The clusions which our friends have justified its figure on the grounds west. Soybeans closed 1% in
that
con the Industry
higher. bolstered by com 16. drawn from the facts."
tho war and merelal buying and short cover- The West European group also centrated during
estimate, that tabled
had at one time ing. exports a supplementary
diverted from traditional Wheat-price per bushci
This was an export figure at the government's re-spot
2,000 million square yards a year, which they justified on the grounds that up to last year & large part of their production
The rubber market was quiet-went to filling the pipeline at war exports iy, steady, Number 1 rubber, in peace
pet b
November December January/March April/Fune July/September
Unated Press.
JAPANESE BONDS
Japanese bonds
the morning's transactions:----
BANKS
HK Dank... 3405
Ett Asia...
INSURANCES
Union DOCKS, ETC.
******
K. Whart
N. Pt. What Provident... Provident
Rt.)
ha! Dock Wheelock
LAND, ETC.
Hotel
Vic Lend
X
143
753
0.66
Japanese
Trade With Asia
Many Problems To Be Settled
Tokyo, Sept. 25. Heltaro Inngak). former Japanese Minister of Commerce and.
in Industry..........hu arrived.
today aller touring Southeast Asla ns hend of
Tokyo
goodwill mission, expressed
fear that
with Japan's trade Southeast Asian countries roay to it it is allowed drop off. fellow its present course,
aburk Asked
hils inding six-week during the mission's tour of India, Pakistan, Ceylon, Tholland, Indonesia and Indo- China, Me Inagaki said that al- though Japan has recently con-
made payment
okrec
with Indonesia and Thai-
land, there still remained many if problems to he, ironed out these agreements are 'to be im- plemented satisfactorily.
He said. "What I have found out during my on-the-spot inspection tour is that Japan's trade with Southeast Asian countries may drop off If it is allowed to follow its present course.
"In order to prevent such on cutcome, it will be necessary for us to re-examing our pre- sent trade policy and speedily
set up a new pattern of tende relations best suited to the actual conditions of those couní tries"
The
former
Commerce Minis-
ter also stressed the need for
Japan to co-operate with the
43 300 423% Asian countries in such a way os to help them Industrialisa their own nations besides, trnd- ing with them,
e9
: 700 ₫ 16.30 | tions with
Mr Inagaki said: "In order to make it possible for us to re- sumb normal diptorantie rein- Southeast Asian countries, nothing will be so settlement of roparations problem."
C. Llum (0) 920 9.30 500 € 1.20 imperative as a
the 21:30 22:30 600 2.20 United Press. Electric
1.00
Kod
Ni
Bhai Land 114
UTILITIES
Tram 19.20 19.30
·2.2011
P. Tram (0)
30
2.3416-15
Star Ferry 100
2.4042.401
2.4334-41
C. Light IN) 672
Macio
1.73-1.74.
1.0372 +1.00
1450
·1.74k
INDUSTRUALS
STORES, ETC.
1.0012-1.00
the
CO-B 2014-1 New York four-per 200 lb. Dack, | 812.40.—United, Press.
Ewo
March
Cora
of 'around 1,700 Spat
-0,00€
December The 1069 gure did not seem May high in comparison with
home.
million square yards, the British December
Maren H team said. U.S. ESTIMATE
May to wanted
Itye The Japanese The American delegation said
cal know whether Britain's Agure Spot their estimates had been culated at 725 milion square was calculated on present condi- September
Data yards for 1688, 800 million for tions or whether its basic was a ÉPU! 1094 and 800 million for 1955. further devaluation of Sterling September
The moderato upward trend restriction of import or was basctl. on an expected raising of tariffs.
The British team replied that graduat relaxation of trade and currency controls, increased sales their estimate was based on the
existing altuation. campaigns, anda, hormal
DANGER crease
in
and living r population
324
Elec. 10.00 Telephone.. 1735 17,80
Cement 1720 17.40 400 g 17.3
Dalyva abbo
1000
Wation .... 20.40 20.00 100 20.80 COTIONS
LONDON TIN MARKET
Zinc Price In NY Exchange Rates We 13. tons, none of which was
London, Sept. 25... The tin market was very quict this morning. Turnover
for cash. Prices closed at tha Lóndar, Sept. 25.--
end of the official morning Mr Haygarth Jackson, for
Now, Yaik Sept. 25,-- Business wan done in the local session as follows:- of 1699) 81%
exchange makkel: this shot tin, buyers Prices. In the metal market unofficial (48. of 1910), 8712.
6.31 Purinere done huveta by Britain, India, id major question which had been closed unchanged with the fontaine the following rale Spet (in, eller "C" (45. of 1807 180
Starin nofa (per £1) Sound 15.00 Three-months, tin. Stales and Westem before the conference was the lowing exception
Zine, Prime Wealem, New Indonesian guilders" (per 1901 20.00 Three-months till, sellers
Ellam 'ticala (per 100) 415148, of 19505 (1047) Europe with the 1953 esilmales danger of capacity available fai
1b. 14.33 cetits-
Fingapore (Biralia) respectively, 805 million export production exceeding the York, per 67%❘aro,
United Press, United Press, square yards, 770 million, 810 available export trade.
OX-
"D! (624.02. 1983;
19 ons
of lost year fital, said, Inter that ond
Corisola Tel: 26651
FIG plastres (per 100%
84.00 Pufredondat
ja.20 Battlement
11.05
------United Fre
957ÁC