•
THE CHINA MAIL, MONDAY, OCTOBER 13, 1952.
MESSAGERIES MARITIMES EMPIRE TRADE POSITION ROYAL INTEROCEAN LINES
MOM
Arriving
"SAINT MAROQUF" ....Oct. 20 "PEI HO".
Homeward Wor
Commonwealth Economic Committee Report
New Grant To Jamaica
Leaving
Outward for
Oct. zi
Nov, 10 Nov. 18
Japan Japan
C.D.C. Makes
...Nov. Nay.
1
Nov. 2 Nov. A
N. Africa & Europe
Muroettien via Balgon
For passenger and freight. '
"FALAISE"
**FELIX ROUSSEL"
For freight to Salgon, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.
Accepting cargo:
via Marseilles to all Mediterranton & West Africa Ports. -via Djibouti to Mudagascar.
Subject To Change, Wilkout Notice.
CIE DES MESSAGERIES MARITIMES
P.O. Box 53, Hongkong
Tel. 20651 (3 linos),
Queen's Building (gr. floor)
EVERETT
LINES
́EVERETT ORIENT LINE
Fast cargo and passengers service refrigeration space available for Koren, Japan, China, Philippines, Indo-China, Slam, Malaya, Burma and East Coast Indian Ports,
"LENEVERETT"
Arrives Sails
Oct. 23 from Manita, Oct. 24 for Singapore,
Kangoon te
"REBEVERETT"
Arrives Suils
Nov. 7 from Singapore.
Penang, Calcutta.
Nov. 8 for Kobe & Yokohama, (Accepting cargo tot iranshipment Kobe/Pusan and Hobe/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 Ports.
FIRST CLASS PASSENGER ACCOMMODATION M.S. "NORDSTJERNAN”
Arrives Salls
Oct. 24 from Singapore. Oct. 25 for Kobe & Yokohama.
M. S. "STAR ALCYONE”
Loading Sails
Oct.
24
Out. 25 for Manila, Bangkok, Singapore, Colombo, Khar- ramshahr, Basral
Bahrein,
(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
&
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephone. 31206. Chinese Department: Telophonie 28293,
Italy Worried Big Increase
.
By In
Country's Imports
The Italian Government is
imports and decreasing exports.
Rome, Oct. 12. worried over increasing
up
Figures released by the Banco di Roma show that in the first six months of 1952, imports were 746,100,000,000 Lire. This marked an increase of 10.1 per cent over the corresponding period of 1951.
Meanwhile, exports sagged 9.0 per cent below the corresponding 1851 period. They totalled only 442,100,000,000 Lire.
cotton, greasy wool, iron and other metallic ores, crude oil and wood pulp.
Lower imports
Kingston, Oct. 12. The Colonial Develop-
· Jamai Corporation ment made a half-million pound grant to Jamaica's Indus➡
srtat Development Cor poration.
The IDC is a Govern ment body established with a view
Indus- trialising the island which mainly agricultural, So far the Colonial De- velopment Corporation is committed to #pend £8,500,000 to the West Indies out of a capital of
£110,000,000. *Altogether
£40,000,000
has already been commit- Led from the capital to be spent in the five regions the Far East; East, West and Central Africa; the West Indies..
tho
The Caribbean has highest investment except for Central Africa-Lon- don Express Service.
“Wonder Metal"
For Jets
British Scientists Beat The Snags
London, Oct. 12.
A group of British scien- tists working at a privately owned research station in Buckinghamshire belleve that they have found how to produce titanium, the new "wonder metal," for com- mercial use.
Titanium, stronger than steel and lighter than aluminium, is needed urgently for the construc- tion of supersonic aircraft, and it is of value to atomic develop
meni.
Effect Of Raw Material
...
Prices On Situation
(FROM OUR OWN CORRESPONDENT)
London, Oct. 12. Commonwealth tradë in 1951 was characterised by a sharp turn of events, which transformed healthy surplus positions in the first half of the year into wellnigh disastrous deficits in the second half-year.
Prices of most Sterling raw materials rose steadily after the devaluation of the Autumn of 1949 and climbed even more steeply under the pressure of American stockpiling purchases following the Korean crisis of mid-1960.
Raw material prices reached their peak during the first half of 1951 and thereafter the Sterling Area earnings, particularly of dollars, began to fall away sharply.
Meanwhile the prosperity en- Malayan tin exports, though by the gendered in the Commonwealth badly hit during 1951 raw material producing countries cessation of American stockpiling by the high price of their giro-purchases, reaped another $30 ducis the volume of exports in million. most cases actually fell between clamorous demand for imported another 137 million. Northern goods.
Rhodestal copper added $27
Gold Coast cocoa earned $70
CEMENT
#TFILUWAR*
TJISADANE" "IJINOVAS”
"STRAAT
MALAKKA" VAN HEUTAZ” "ТАЯМА
RIAE sử ca "HUYS" *LIWANGIA
"TJÍTANÁS" "TJIBADANE"
*TJIPONDOR"
MALANKA "TJILUWAD"
"TÉOELBERG" "VAN DEUTSZ“
*TITTJALENGKA“ "TJIWANGE"
BAILINO8
u&t: 1
'och
LIBYAFOTO: ØRING,
Japan
Djakarta, Remarang, Surabata
Atacamar
Oct.
17 16
Oct. #1
Japan
Oct. 22 Ort. 22
Japas
titi. .25
Nov. 1 2 Nov;
Nov. * Nov. •
Nov.
*
Djakarta,
Nov,
10
Nov, Is
Nov. 20
Nov. zz
Dec. 1 Dec.
Oct. *
Dec.
1
Dec. 10
Dec. 10
Dec. 23
nic. 30
Japari
Jan.
,'
MAKASSAR”
Jail, 9
Jaž. 14
Feb.
"THRAMPER"
"TEGELDERG"
"STRAAT SOENDA" "TJLUWAH"
TJIBODAS”
"DOISSEVAIN” "THWANGI".
1955 and 1051-dave rise to a mulch and cocos from Nigeria PLANT FOR ANTE
grow throughout the
year, with
This demand continued to million and West Indian sugar a
of the Sterling countries.
$48 Million.
largo Commonwealth were Australian Entriers
United ($300 million), Kingdom textilës (8262 million), ald and Paltistan Jute and Ceylonese and tubber.
La
PAKISTAN
Ottawa, Oct. 12. Canada is to finance nad build a $5,000,000 cement plant in the wilds of the Punjab i Northern Pakistan.
The plant, to be bullt by Canddisn arms, will be firinnced new company formed by five
out of the $25,000,000 Parlio- ment has voted us Canada's share of Colombo ald Oils fiscal
the result that the surpluses built up in the first half of the year were greatly diminished and in some cases even wiped out during the second half-year.
A report on Commonwealth
1 by EUROPEAN THADE trade in 1951, just published
Economie
The report also throws light
It is one of the biggest steps the Commonwealth
to implement Canada's the on the underlying causes of the underlines Committees of the uden de deteriorament in the Commnote thate of the multi-billion dollar seriousfiess terioration in the trading post-wealth's trading position vis-a-countries, in Bouth and South- Colombo Plan for building UP tion of
vis Western Europe during 1951.
cast Asia. And it shows how closely. the The United Kingdom, the fortunes of individual Common-country mainly concerned wealth countries were related to this trade exported little more movements in the price of their to the O.E.B.C. countries than in the previous year but its im- chiệt raw riäforial þebeugta
ก
30 Thus per cofft fall in the ports from this area increased by price of wopi between the flat over 50 per cent to nearly £900 and second half of the year was million.
Australia's a material factor in tradisiớiming an Austria Surplus 6f £186 European markets fell sharply million in six months from while her Imports from Europe January to June into a deficit of almost doubled. A£215 million between July Colonial exports to Western A£215 mi
Europe rose by 40 per cent but (A further cause of the de-their imports from West Europe terioration was the fact that were more than twice as large as
1950. Australian imports In the later in
South Africa and New Zealand months of 1951 were 30 per cont higher than in the carller months maintained their exports to ans
hren but imported from of the year),
much heavier scale than in the
The plant will produce more preceding year, white. India and
than 100,000 tons of cement a Pakistan also increased their im-year for a big Irrigation
réclamation project.-Associated ports from European sources.
Press,
and December,
IMPORTANT FACTORS The fall in prices of jute and cotton was partly responsible for the deterioration in the trading positions of India and Pakistion between the two half-years (this was especially marked in the
case
exports to West
on a
Largest Inercases in Imporis of
from Japan were those Australia (£23 million larger than in 1950 at 235 million) and Pakistan (£26 million larger at £48 million).
But there is one big snag.
TRADE WITH JAPAN Although the ore from which it
Finally the report records a 16 obtained is one of the most
expansion in Common- plentiful in the world the pro-!
of India), and the even wealth Japanese trade In 1951. cess of refining it, is extremely
falls in the price of sharper difficult. So far it has been pro... duced in America in very small rubber and tin were important factors in changing the surplus quantities and at cost of ap
of £225 million earned by the proximately 30s, a lb.
Scientists at the Fulmer Re-Colonial territories in the first a deficit of 27 search Institute, Stoke Poges, half-year into have been working on the prob-million in the second half.
This change from a surphs to lem of refining titanium for two
Mr E. A, G. Liddiard, a deficit or, in some
cases, into director of research at the insti- a still deeper deficit, was with suid that they had found one exception the common ex- tute,
of
all Commonwealth five possible methods refining perience of titanium, two of which were countries. "very promising indeed."
years.
The Fulmer
Institute
The.
All other Commonwealth countries, with the exception of Canada, increased their imports from Japan during the year.
On the export side Canada re- corded the largest increase over the previous year's Agures.
It
the
The Ann will be called Cana-
Overseas Projects, Lid. The verm banded to- gether to back it whent Government could not and any to tackle the big single one job. They are Dominion Bridge Co. Lid Canadian General Electric Co. Ltd., Dominion Brace Engineering Co. Ltd., all Engineering Works Ltd., Fraser
of Montreal, and H. G. Aces Co., of Niagara Falls.
Shortages Begin To Disappear
and
New York, Oct. 12. Shortages of non-ferrous metais are beginning to disappear, motal sourcă say.
was who exception-Wes-Cônádo, i sold £25 million worth of goods. Now the men who mine these
celebrating rely independent wealth
work as an ent research centre. It had
exports, for the most part to Japan against only £7 million Its first five years of to the United States, and other in 1950.
countries in- Australia and Pakistan exports by $800 million over the to Japan each fell by £10 million,
compared with
1950 while the previous year's total.
whereas in 1950'Canada's other But
myfe to Japán thán was nearly offset by its in the previous year.
carrying out work for industry
and for Government small surplus with the United-old slighf}; //weblth countries home and abroad.
and now engaged in
research for various Ministries.
Kingdom
raw
on
避
surplus developing shortly, perhaps in the fourth quarter.
Indicating the Increased supply
of copper available to American consumers, producers shippod 120,041 tons of the reined motal
pronounced tendency to amalga-row materials, while the cost of "Sewa that the United | January, 1947, when 151,800 ton
#1
A NEW YARN DEVELOPED
"RUYS"
"TJILUWAIT"
"STRAAT
Burabata
jskærin Semarang. Surabais
Ancalar
Singapore, Djakarta & Fremantle Japan
amespore. Djakarta, Semarang.
Húrabala & Macassar
Japan
Bingapore, Mauritius. 8. africa, ♣
America
Macarize
Somarang
Tania, Beliwan
E. & 8. Atrica
Bill. Singapore,
Bingapore, Djakaita, Semarang,
"Burabala & Macassar
Japari
jakarta, Semarang, Burabala
MAKESAT
Japan :
Bingapore, Djakarta, Bemates.
"Hurabila & ́Macassar
Lakarta Gemarang, Surabala
Njaczkiar
Singapore,
5. Afiica & 1. America
Sanita,' Mingapore ✯ 8. Africa
Blogspare, Djakarta,
Gürabala & Macassar
Djakarta,
Atacassar
Bemarang,
Singapore, Djakarta,
Bûrabala MMAÇARIAT
Japan
.
Surabais—§
Bemarang.
Manila. Strigapore. Mauritius,
5. Africa & B. America
Singapore, PJakarta, Bemarang,
"Surábila de Macassar
Зари
ARRIVALS
Japan
Djakarta, Palembang, Delawari Dell A
Ringapore
From
"TJMODAS" "TJIJADANE"
"VAN HEUTZ"
"TASMAN”
Oct. Oct. 18
Oct. 21
Oct. 21
14
jakarta. Semarang.
Mickar & Bingapore
Ispan
KING'S BUILDING, Ground Floor.
surtuus,
Kamarang,
Surabala,
TEL, 28015/18.
CHINESE AGENTS; 83 CONNAUGHT RD. C. TELA., 91196, 25183
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPÍILA VIS SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S. "ANNA MAERSK”
M.S. "LEXA MAERSK” M.S. "LAURA MAERSK"
ARRIVALS FROM U.S.A.
M.S. "LAURA MAERSK"
M.S. "LEISE MAERSK”
M.S: "GRETE MAERSK"
Oct. 16 Nov. Nov. 16
2
Oct. 17
Nov. 2
Nov. 20..
For Freight and Further Particulars please apply to:—
AGENTS:
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Pedder Building.
Tel. Nos. 36066-9.
bateľ fed rotation subject to change without notied.
At party to proceed via other paite to 100/dhcharge caigo
MP Advocates The
Of
Winding Up Development Fund
London, Oct. 12.
A case for the winding-up of the Colonial Development Corporation and its substitution · with an enlarged Colonial Development Fund has been made out by Bernard Braine, MP, in an article in the "New Commonwealth."
function of public investment in of the London Daily Express,
metals-copper, dead and zine and the people who make them indo manufactured goods, are keeping a close watch on the supply-demand situation both at
The supply of copper has con- tinued the tightest of all three, "We were asked to carry out defelt with the other Commen- The growing Importance of but it is no longer on the Gover this work on the production of wealth countries in 1951, the trade between the Common-ment's critical ist.
Many metal people think the titanium by the Ministry of United Kingdom's deficit with wealth and Jupani is shown by
which is Supply, and so we cannot discuss Canada rose sharply, while the the fact that whereas the tetaprosent ble demand,
g" surplus of the overseas Sterling value of trade between the offered as well as total domestic absorbing 11 foreign metal the methods we are developing, surplus wealth was nearly the was only £20 mililofa in 1948, output, will not last. They foreste Mr Liddlard sald.
by 1951, it had hereazed to "But I can say that we belleve same.
£250 mlhion. REVERSE EFFECT that at least two of our methods will enable the metal to be pro-
THE STOCK EXCHANGE In short, Canada last year got
The stock markets have been duced in reasonable quantities the best of both worlds since the and at
a reasonable cost,"
prices of her raw material and fairly quiet but the lone has The great difficulty in extract- other exports did not fall to the remained firm. ing the metal, Lis
Gold-edged prices improved Inst month. that it has a same extent as those of Sterling
the cheering, and That was the best month since aw material imports was mate with other materials. The her
has achloved a small were shipped, and it was 11,702 present American system requires much lower at the end of the
It had been at the surplus in its overseas payments tons above the previous month. the whole process to be carried year than chamber filled with an beginning. out in
during the first Half of the year Associated Press.
treated this on- Effect of this improvement in but investors Inert
gas, or in a vacuum
Mr Braine points out that the Frederick Ella, City Edljör The
this Canada's terres of trade was to nouncement with dub edition. disadvantage
In from its slowness transform a deficit of $340 müllon the industrial share market. apart method,
the Colonies is, to create the pro- | says that the City, "lamed and its cost, is that the metal can in the first half of the year into the big news was the lifting of
requisites for economic develop the past for opening up back- be produced only in very small
a surplus of $218 million in thu the overtime ban which the en-
ment, such as the provision of ward foreign lands,” has made gineering unions had threatened individual amounts. At least one second half.
road and rail communications, no
to Lord Bruče's response of the new Brush processes will
for The movement in the terms of October 20, and the an-
schemes for soll and water con-
challenge to take
In the part New York, Oct. 12. be continuous, enabling much trade had a reverse effect on the nouncement that September steel
servation, and the training of "gigantic but inspiring task of The Celanese Corporation of tecmisinns, rather than to enter Commonwealth Development." larger quantities to be made at trading positions of the Sterling output was d record.
where But
investors America has announced develop- the field of competitive enter- The raw material producing countries.
City and the nation pro- The fall in the price of their showed Hitle positive reaction. ment of a new colour-pigmented prise.
spered from risk-taking enter- After all," he writes, "If products, coupled
with the However, as there was little acetate yarn, completely colour
Colonial Governments or estab-prises in the day when British
money growth of their Imports, was not tendency to sell, prices remained fast,
Was finaticing the known ashed private companies. the only factor in operation.
are building of railways, docks and generally firm.
other While the indexes for export Textile maros Improved on "Celaperm, is how I vull prowing lo venture into now com
Installations for tho. duction.
inercial enterprise but lack the foreigners, Mr Ellis says. prices fell by these countries, news of belter retail sales!
the After
Its colour fastness comes from necessary capital, then that may those in the United Kingdom and
"But the modern City shied previous wock's
State Di Canada continued to file, the hectic activity the foreign bonds mixing the pigment in with the justify the existence
such an opportunity the Anance corporatión, but not an counterpart of this movement market was relatively quiet but cellulose acolate from which the
latent richest," aude "Of signs being a rise in the import price there le still a good deal of in- rayon yarn or fabric is spun organisation which both dinances development of the Empire's
Associated Press.
arul operates comercial, entert that the Autumn pick-up in Indexes of most other Common-terest in Japanese bonds and
prise on its own cocount. some switching has been taking
"Both logle 'and
needed is experience Course business in getting into its wealth countries.
these place. whereas
tibt that the proper ogétry stride.
goined the beneft of News that branded petrol will over-all shiation that makes high raw material prices in the return to the market next many observers uneasy; a pro first half of the year, the same February fed to démand for oll duction slow-down In some factor operated against them later
and tho
"Financial Index of oll Lisuce other parts of the world; a fall in the year when ing-off in world, trade; a splat prices began to be reflected in
noatly Ανό ter of dividend rate cutting by the cost of blieir imported mami pofits on the week.. of the trade defcit in the first ed selling the new 1052-53 main some US. firms; a trickle of factures.
Arnouncement that tea was to half of this year is causing the Acera cocoa crop actively, trade. darlings reports that show pro-
betalten off the ration did not Government and publle opinton sources reported. Alrendy 20,000 fits still sliding from their year
have much effeef on tea share Justifiable concern, particularly metric tons for October-Decem- ngo level towe
but figher
auction In connection with the reduction ber shipment laye been sold. Of But the immediate future
artcouraged investors, and share prices bes
bécifié fem. brighter!
Retail trade in most cities in
appeared for That left Italy with Imports all seed, fruits, scrap pig Iron. exceeding exports by 220,500,- fron and steel ingots and rolled
deficit was products, copper and coal. 000,000 Lire. The
Export increases 59.2 per cent larger than in the
were for corresponding six months
of rice, fresh fruit, fresh vegetables,
peeled tomatoes, tomato pre-.. The situation is not quite as serves,
metallic bed as those
typea figures indicate. special
of cast iron, electric motors, Only in exceptional years has machine tools, Italy evor hid favourable petrol, gas olls, fertilisers, sundry
chemicals,
paper and
1961.
balance of trade.
Tavisible exporis, such as the board. tourist trade, which is now ex-
dres,
card-
The sharpest export decrensce
enfer a boom year, emi-were dried fruit, Vermouth,
remittances from the textiles, non-metallic ares, sul- U.S., South America and else- phur and cut flowern-Associat-
and ocean freighted Press.
where,
charges, help her balance of
payments position considerably.
Nevertheless, the Banco
of
Roms bi-monthly review ecofiomic conditions in Italy ex- prasses concern over the situn
fion.
UNDER STUDY
Disposing of Cocoa Crop
New York, Oct. 12.
The large increase in the size Brillah West Africa has stert-
of American aid. The problem this 7,000 tons have been sold to of ald for exports is now beint the United States. studied and it is to be hoped World production of the beam
effective
a time,
Pick-Up In US
There
Business
New York, Oct. 12. trash
are
They help to sweeten up a cerefore,
again
these high rise of
Lightest Diesel
Engines
Detroit, Oct. 12.
Courad
of ho
the monty huge. That is
the Job la, big, of
challenge
trough which the British tax an excuse for doing nothing
payers money ought to be in- vested is at enlarges Colóniql
Development Fund. For bere is
proven
Tin Smelter In
Bolivia
Instrument
great worth. Here is the means 'of
night The Packard Motor Company enauring. the
balance | in-nów: producifig what if do- | betweèfi 'ecónonile and・・ sodat
scribes ab the lightest marine | development,"
La Paz, Oct 12.. diesel engines in the world
ZA LITTLE FAVOUR
Construction of this country's The engines, part of Packard's
Meanwhile,
suggestion rat in smelter is under study. 3000,000,000 defence job, are al
made 4.kluft while ago Bỵ LoM by the Council of Ministers here;
The project only for Argentific Bruce, head of the Finance
the
RIGGEST EARNER The Commonwealth Economic Committee's report adds emphasis to the importance of the part played by the Colonial territories
eight, 13 and 10-cylinder units th Sterling Commonwealth trade The
of lies market lead was horsepower. They weigh five the setting up of a Common-to finance the planbir SUGE FAN Malayan Hulsber was again this responsible for dullness in lenti- to six pounds per horsepower, wealth' Finance Corporation ·There was no linnouncement | eompared with 18 to 20 pounds seems to have found, littio of a decision. Olher details con- Commonwealth's biggest dollar zine issues.
Copper, shares, were again de-
faveur among Briilsh businesscerning The smelter per horsepower in conventionat carner, adding $430 million to the
pressed by Jébour troubles;
Invailable.—Associated Press. Sterling Area's reserves.
diesels-Asociated Press,
measures will for the current season ending, running slightly ahead of a year with the dollar world, surkcontinued, drop. In the with rating from 800 to.800 Corpornilon for Industry, for|Unnigungura, atud. Eitropent capital.
that
shortly be adopted the review September 30 has been estimated ago. The Federal Reserve bank at 100,000 tons below the 700,000 reports department store sales Bald,
over edging up by ariq por A study showed main increases tons produced last season.--Aza
last year-Associated fro in imports were: Wheat; rowsociated Press.
men.
werd Bot