MESSAGERIES
M
Arriving
#BAINT MARCOUF" ....Och "PEI HO"
20
+"GRENOBLE"
MARITIMES
M
Leaving Outward for
Oct. #2
Nov. 19
Тарли Japan
Homeward For
„KUTEPS.
.Oct. 11
Oct. 11
N. Atrier
+"FALAISE"
.. Nov. 1
Nov. 2
N. Africa Europe
"FELIX ROUSSEL" .... Nov.
Nov. -
Biarvelling via Salgon
•
For passenger and freight.
+
For, freight to Salgon, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam,
Accepting cargo:
܂
via Marseilles to all Mediterranean & West Africa Ports. -via Djibouti to Madagascar.
Bubject To Change Without Notice.
THE CHINA MAIL, THURSDAY, OCTOBER 9, 1952,
Japan's Admission To Pact Metals On Tariffs Thought
To Be Inevitable
In Short Supply
Report On Tungsten And Molybdenum
The
LITTLE ARGUMENT AGAINST MEMBERSHIP
London, Oct. 8.
Even the most vociferous advocates of a strengthened system of London, Oct. 8 tariff preferences within the British Commonwealth now appear to have strategically simreconciled themselves to the eventual admission of Japan to GATT. portant metals, tungsten
The strongly anti-GATT and pro-preference, Empire Industries and molybdenum, are still
Association and British Empire League admit, in their monthly bulletin, that there is little argument that could be put against Japan's admission.
In short supply, according to a notice of the International Materials Conference pub- Tel. 28651 (8 lines).lished in Washington.
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong Queen's Building (gr. floor)
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.
"LENEVERETT"
Arrives
Salla
Oct 23 from Manila. Oct. 24 for
"REBEVERETT"
Arrives Sully
Nov. 7
L
Both metals have been 'under
International plans of distribu-
tlon since July 1, 1851, De mands of obruumer countries, Increaset by defence and stock pling requirements, however, are in excess of production...
As a result, the Conference calla on all countries of the Free World to do their utmost
their to implement
TECOIN- mendations for the distribution of the metals and give every attention to the measures commended
tungsten- by the molybdenum committee of the Conference.
for
re
The committee's plans provide distribution of the the whole Free World's production of both metals, both in the form and ores and concentrates primary products.
Singapore,
Rangoon
&
Penang, Calcutta.
of
Production
from Singapore. Nov. 8 for Kobe & Yokohama, (Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STAR LINE
Fast cargo and refrigeration spaces available for Korça, Japan, China, Philippines, Indo- China, Siam; Malaya, Ceylon, West Coast Indian and Persian Gulf Ports.
1,4
FIRST CLASS PASSENGER ACCOMMODATION M.S. "STÅR BETELGEUSE“
In Port Sails
Loading
Oct, 10 for Singapore,
Port
Swettenham, Madras, Colombo, Bombay, Karachi, Kharramshahr, Baerah Bahrein
&
M.S. "NORDSTJERNAN”
Arrives Sails
Oct. 24 from Singapore.
Oct. 25 for Kobe & Yokohama, (Accepting cargo for transhipment Kobe/Pusan and Kebe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A -Queen's - Building, Telephone-31206.- Chinese Department: Telephone 28293.
Synthetic Fibre Claims Doubted By Wool
Growers
New York, Oct. 8.
- Another round in the battle of the fibres
wool versus 'synthetic
is under way in the U.S.
now
A group of wool growers, charging that claims made for the half dozen
man-made fibres are inaccurate and misleading, asked the U.S. Govern- ment to investigate. The group challenged the asser- that the synthetics outperform wool, and tion outwear the animal fibre.
names
is
The American Wool Council one per cent of the weight of the also challenged the right of fibre" On the other hand, It synthetics producers to use long-said, wool absorbs up to 30 per established, traditional wool coat of its weight before it is Wool, the group and terminology to dea-saturated. cribe their products.
"the most naturally of all fibres In Aling Investigation,
Council President and fabrics J.. B.
Wilson sald his group Mis Meanwhile another man-made not attacking in any way the fibro has entered the stiff com- actual service and wear qualities petition, along with Dacron, of clothing" mode of the synthe Orion, Dynel, A Acrkan, Vicara ties. But, he said, it is asking the and K-51.. It is the now fine Government to use its powers dentar Saran fibre, which is sald the to regulate the present campaign to be a potential threat to In which certain synthetic abre supremacy of wool in the de producers and distributors make corative fabric and carpet fields. unfair comparisons of their pro- Saran yarns, the maker said, ducts with wool, to the detriment contain an inherent curl in the Abro which is indistinguishable of the paid the purpose of from natural wool except i
Mr Wilson such advertising "is apparently to a microscope. This diminish the confidence of the the
in the known
the request for en water-protective
dungstèn in
13
the Free World during the fourth
1952 of quarter estimated at 4,957 metric tons metal content, or more than double the rate of supply in 1950.
PORTUGAL FIRST
Molybdenum production for the same period is estimated at 5,680 tons, or over 50 per cent above the 1050 supply rate.
The fact that objections are taken to Japanese accession to the General Agreement, they say, is less a condemnation of Japan than of GATT itself.
Export Drive By Formosa
Talpel, Oct. 8. The Chinese Nationalist Provincial Government authorities are reported to be considering plans for in- creasing the amount of native products available for export.
'Reason" is that Formosa a serious is experiencliig "export stalemate”,--Re!• ter.
The
Rubber
Markets
Singapore, Oct. 8. Prices of rubber futures closed today as follows- Number 1 rubber, per lb.
November December January 2 Number rubber.
November
Number 3 rubber.
November Number 4 rubber,
7436-32 7421-16
014-2 7336-7471
Abrica's export quota of tungsten ores and concentrates for the fourth quarter of 1952 has been fixed at 195 tons.
Portugal is the biggest single
November ********* exporting country, with a quota Blanket crepe ****
ota Spot, rubler, untaled of 700 tons, Bolivin follows, No. 1 pale crepe 90-101 A111600
Valted Press.. Aslan tons... The
NEW YORK MARKET` countries, listed as a group, have
New York, Oct. 8. a quota of 825 tons. The United States is the biggest importer, Kvith 'a quota of 1,820
In an article on the recent Buxton cotton textile conference and the forthcoming Common- wealth Prime Ministers' meeting, the Bulletin of the E. I. A. und B. E. L. returns to Ita arguments in favour of extending the system of imperial preferences,
Japan's application for ad- mission, it says, lays bare the hollowness of the pretensions that GATT can bring about equality of treatment.
Japan's case, it argues, differs from that of other countries only in degree.
While, in the normal course, D country is admitted to GATT, tito equalities created ́are-tiot specta- cular and pass unnoticed except In some cases where a vigorous protest is made op some per ticular point.
.:
It is only when the dislocation likely to be caused is as blatant as it is in the case of the textile industry that the Governmenta concerned sit up and take notice.
Canadian Granaries Overflow
Wheat Piling Up Everywhere
Toronto, Oct. 8. Wheat. Is overflowing in Canada's granaries,
It is piling up in emply farm- houses, stating rinks and village halls and `even in improvised cribs of tar paper in the open fields....
There is enough to mi the goods trucks of a trein 12,000 miles long; piled 50 feet deep, It would cover the road from London to Tunbridge Wells, 45 miles.
It would last everyone in Brithin
three years
if every man, woman and child ate a pound of bread a day.
It has grown at the rate of 50 bushels an acre where 20 bushels aro normally a good crop-and it is unusually high-grade,
The greatest-over total-1,250 million bushels is worth 2715 million.
FARMERS HAPPY
But experts say there is less
800
AN EQUAL RIGHT
The Bulletin continues: "If the admission of Japan to GATT is accepted, and if Japan's claim to be allowed to export to her capacity taking***** full advantage of the standard of Hving and the rate 60-63
of wages of than her workers, is admitted, then
space left illum bushels it must be equally admitted that
to store 1,000 million the industrialists and workers bushels of 'gruin.
*are* storing Larmers
the wherever they can, and-- of other countries have just us
is marshalling every railway truck It can And.
The farmers are happy. They flovo been guaranteed about 108 bushel as an initial pay-
So
Prices of rubber futures closed tons, today 5 to 40 points higher with much right in defend themenives Board of Grain Commissioners
the results of this
action.. followed by the United Kingdom, sales totalling 17 cinizacis. Against
"One claim which with 1,050 tors
steady undertone prevailed in
primary put forward for the complete Chile is shown as the biggest line with the higher
to export Is exporter of molybdenum ores market trend, Futures transic freedom of Japan and concentrates with a quota were largely between that British Colonies must be of 871 tons, followed by the dealers with factory interest in allowed to import the cheapest possible goods from whatever United States with 522 tons. The the spot market routine.
*Prices closed United Kingdom is: the biggust'
today
source importer with 450 tons, followed follows- by France, with 360 tons October London Express Service..
WANTS TO REDUCE
TRADE BAR
November
December January (1953)
February
March
April
May
June
20.00 nominal 28.00 20,40 bid"
20.00 nominal
25.70 20.33
25.05 nominal
24.25 bid -34,62 nominal"
24.50
July
24.33
August September October
24.40
21.40
November December Spot
24.50
United Proc LONDON MARKET
London, Oct: 8: Prices of rubber futures closed Oltawa, Oct. 8.
today as follows:- The Finance Minister, Mr Number 1 rubber, in pence
per Ib. Douglas Abbott, sald tonight that Canada would press
for November December fewer import restrictions at the January/March Commonwealth Prime Ministers. Apell/June conference in Londen next July/September month.
Mr.Abbott told the annual
meeting of the Maritime vincial Board of Trade: great them many countries, many of traditional markets for Canadian products, are still at- tempting to solve their balance of payment difficulties by and Increasing im- rostridiona, exchange con-
and the like.
experience "We believo, and has shown, that measures this kind hold out no hope of a permanent solution difeuilles."
Enid.".
to
Of
2116-24 211
come.
This argument: has a super ficial-appeal on it is the same story as was told to the people of Great Britain in the early years.}- of this century.
"They must be allowed to buy cheap manufactured goods, parti- culanty from Germany, even at it meant putting out of business the British worker's next-door neighbour...
INHERENT FALSITY
י'ייי.
to
a
"
it is the Government's wOLLY o sell it at a prost, and the as to Government's concern whether or not there will be to help other countries to buy American foreign aid dollars
it-London Express Service.
HONGKONG
SHARE. MARKET
m. 396
رحمة
(From Our Correspondent)'
""It was not until 1830 that the British worker, discovered the inherent falaity of this argument.
It was not until this free im- | Tina pont policy and the god of Cheapness at any price had put nearly three million British
British Business done on the Stock 219-work-people out of employment Exchange this morning: totalled that, it was discovered that a $175,185.50. - Noon ... quotations system of tariffs and preference and the morning's transactions: could rehabilitate them, alimulate SHARES BUYERS SELLERS SALES trade within the Empire and start BANHS
the road to
INSURANCES
212-22-
2314-
-United Press.
the
to the forthcoming Commonwealth economic talks, the Bulletin pays “a now Une of
Planning To
Develop Industries
tion
thought is. nooded in dealing with the perennial question the dollar gap.
of
America's "obsession" with an export surplus, it. warns, will in the long run bring disasters in its train just as surely as did the
xegulated imports of Great
fick for their
occupy them fully." •
MOST USEFUL WAY?
Talpel, Oct. 8, these The Taiwan Machine Works
Association has preparoda 10-Brain These questions
estions would be one year plan for the development
the of the main subjects for dis- of machine Industries under the "I would be far wiser for
Americans to consider whether cussion at the conference, he Chinese Nationalist industrialisa-there is not within their own
"We shall do everything for Brammer for Formosa, boundaries..a
the Chairman of according to the our power to further the objec- the Union of Machine Industrias quite huge enough to tives which we have bad con-
tries, Mr Lin Ting-sheng. The plan required.
#total stantly before us since the end of the war." S
capital of 250,000 United States These objectives were to "do
and would increas dollars and everything in our power to industrial employment to keep channels of world com 100,000. from 20,000, he said. merce as, free as possible Products from the develop United Press,
ment would include electrical instruments,railway tools, trucks, plants
New York Stock
contributea said, and coverage
to
Exchange
Arm
New York, bet, 8. public
and nc hand, bulk
Ludă jy rolls and oils prices on cepted properties of wool in order apparel and household fabrics, the Stock Exchange had one of to supplant wool with synthetle In addition, it cald, Saran the best days dorsome time in
curled Abra replacements."
staple lends itself an increased volume of trading
in
Saran
HK Bank
Unto ..70235 Underwriters SHIPPING
Aute Nav...1.10.
DOCKS, ETC.
K Wharf
N. PL. What 6.70 0.90
2011 Dock Provident.. 14.50
Providens
CORE....
10 g 2415
140 @ 1.40
2000
4215
82.400 € 85c
819 Dock 1.00) Wheelock... 44 444 340 KE LAND, ETC.
HK Hotel... 040 849 Mc Lond (0)
gud Lavend Itumphreys UTILITIES
∙1P. Tram (9)
Biar Terry
13.10
19.00 20.10 1500
C. L
14
Macso Teleph
Clement
Dec. 10.00
1800 10
19.30 21.20
A reduction in exportaronda transfer of recourse to interual bo nagistance to countries, to whom [néeds'should be accompanied by. exports are of vital importance. [...And the Bulletinrimakes it
mistance could be most usefully
Detry
TamoordzTS
wo
tegrate machines, Electric motors clear where”, it believes that FoUTTONS - and generators, truc
locomotives,
100 0 10.30
620 0 12:
Exchange Rates
بولی برای بیله ماهر
The association was reported the most effective step that to ba Interviewing American could be taken in this direction officials socking support for its would be the abrogation, of the Dustnem was done in the local
most-favoured-nation
· exchange market principle oficial project-Router.
darkglik supplied, and the same at the following rates
X7.81560UM! (per $13. cotecagemment ?
Stetting-note (per, 41) tha
LONDON TIN
MARKET
Ota
0.23
SE VON *} doneulars gulders (per 1001 2000.
for Bhm Thule (par ́100)
systems throw group | Hingaðœen (Strafta) “.........,
choose
to
10. | FIC plustres,(per 100) (12)
מו
JAPANESE BONDS London, Oct. 8.-
In the avenues of trude Mr perfectly to processing on con- Industrials had the best mins
comer to
such Wilson added, "comparison ventional woollen or worsted since July 24 while rais regis
London, Oct. 02.11A movechont towardan La -advertising such as is. Blustrated systems do from Loret the best amin since Septem- bar:23, calhough proft-daking many of these excampics is petroleum
The Un market "was... steady.) policy by United Cotim And another-company; the closer
shaved, gull prices slightly near turnover was 121 tons: "Prins - might w
wall and-wilmproad- dece belted......“unfair......... and
Mooresville Mills,
has announced
of Mine mered to 2 points closed at the bad or the official port and if it could be received depanese bonds ULAIM: CHALLENGED new site for meaning
tropical weight group I claims that ane cz the Abreg will reball for US$ 21.60. Fechty 10 industrie Dacron is perspiration proof, In the Bir American Woolien Com-20 rakle
The bun specifically challeng="|and rüyari una inode offorion | strela froned.". Mótora šoproved morning weion' as follow Zoad] by the JA8 A. tela 'real; spirit:{
ed cla
"DWW "Jones: nvarager
it will make 15ation
fact, it wild," ","permiration or pany announced and wool-
of odon
ether moisture saturu Dacron suita then it romanos a poitié less them. Associatod PrOME.
Spot: in biyera faj
DELTA Boat ein, sollergiraj
471340) Business done E TAKS 100,01 Three-months, Lin, buyers
50.18 The months ting sellers a
Budnew 'Gone`atj 98.14
Settlement
falled Prees
Foto-operations might induce a ohse of trade and com- 200mbrosial activity, much ina is no pot Unkering with tariffs or financial Hema Jurgileg, will ever brisa about,"
Lotution Express Ek Kines
-HAFT(46. (of 1890) Vien" (483 of 1910) "C" (Ba, :" of: 1907) "D" (68. of 1984) SONY (8140 of 2980) Consola
102 315234
0096
Page
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