MESSAGERIES
M
MARITIMES
Arriving
LARTINE
"SAINT MARCOUF” ..........O<L 20 "PEI HO"
...... Nov. 30
Oct, 22 Nov. 10
"FALAISE"
*"FELIX KOUSSEL” ........ Nov.
"SAINT MARCOUP“ Nov. 18
.Nov. P
4
Nav. 3
Nov. 3
Nov. 19
For passenger and freight. -
M
Outward For
Japan Здрав
Homeward For
N. Allen & Europe Marseilles via Salgon
N. Africa & Europe
↑ For freight to Saigon, Algiers, Oran, Tangier, Casablanca,
Havre, Dunkirk, Antwerp & Rotterdamu.
Accepting cargo:
-via Marseilles to all Mediterranean & West Africa Poris, -via. Djibouti to Madagascar.
Bubject To Change Without Notics.
CIE DES MESSAGERIES MARITIMES
P.O. Box 53, Ilongkong
Queen's Building (gr. floor)
EVERETTE
Tel. 26651 (8 lines).
LINES
EVERETT ORIENT LINE
Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-China, Sinm, Malaya, Burma and East Coast Indian Ports,
"LENEVERETT"
Arrives Sails
Out,
22
from Manila,
Oct. 23 for Singapore,
Rangoon
"REBEVERETT"
Arrives Sails
Nov. 7 Nov, 8
بی
Penang, Calcutta,
from Singapore. for Kobe & Yokohama. (Accepting cargo 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 Ports.
FIRST CLASS PASSENGER ACCOMMODATION M.S. "NORDSTJERNAN”
Arrivea Sails
Oct. 24 from Singapore. Oct. 20 for Kobe & Yokohama, M. S. "STar AlcyoNE"
Loading Soils
Oct. 21
4
Oct. 25 for Manila,Bongkok, Singapore, Colombo, Khar-
Basroh
ramshahr,
Bahrein,
(Accepting cargo for iranshipment Kobe/Pusan and Kobe/Okinawa)
&
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telophone 31206. Chinese Department: Talophona 28293.
Belgian Financial
Expert Agrees
Help Teheran
To Help
Brussels, Oct. 14.
M. Camille Gutt, Chairman of the World Bank, says that he has definitely agreed to undertake the task of overhauling Persia's economic situation. But only with a view to giving Persla every possible "technical support." He emphasised that "technical assistance" did not mean direct or indirect financial aid.
THE CHINA MAIL, WEDNESDAY, OCTOBER 15, 1952.
Japanese Continue Pressure
Oil Strike In For Increased Trade
Taiwan
Talpel, Do 14.
One of the two petroleuEPTS all well being drilled in central Taiwan has reached oil level, the Headquarters China Petroleum of the Company said.
же
Although the well has not yet reached the 800-metre mark which was forecast by Engineers as the "oll level", it is already fooded with oil.
to
The company, which has for many
years tried convicce American and Chinese authorities of the presence of oil in Taiwan, IN Jubilant, but has refrained from making any forecasta, — production France-PressO.
Vicious Cuts In Prices
London, Oct. 14. Two thousand angry Mid-
With Peking Regime
London, Oct. 14.
"Japanese industrialists who favour trade with China are by no means satisfied with the outcome of the Washington talks on Far East trade," writes Daniel Duxbury in a special article in the Financial Times. "They believe there is scope for considerable business with China without infringing the principle that no aid should be given to Chinese defence or war industries.
י
"There will therefore be continued pressure to extend the range of exports so that it is at least as wide as that permitted by European countries which trade with Iron Curtain countries.”
steel 188
ORDERS LANQUISHING
Mr Duxbury continues: "Some ; average of 402, but carbon steel current planning in both In-only 149 high-speed dustry and trade is based on the and hollow steel 205. assumption that
the China closed, market is permanently but this essential caution does not imply that loss of the market is viewed complacently by either business interests or financial and offelul quarters.
now
ол
"A recent study by the Bank of Tokyo throws into sharp rellef the influence of the China ques- tion on Japan's dollar problem. Its figures show that the cost of freight for iron ore and coking coal is now greater than the cost of the materials, simply because Japan
has to rely land industrialists are com- supplies from the United States, piling a dossier of German Canada and India.
"Coking coal purchased fo.b. and
cut-price Atlantic ports at $10 per ton cost Japanese trading on the Christmas $11 per tun to ship to Japan.
Freight
charges of. $7 per ton were paid on Indian coal bought at $0.00 per ton. If these freight chara charges could be reduced 01 would be A eliminated, there Inrge saving in dollar expendi- ture.
markets.
Two examples given yester day: Cigarette lighters almilar to those costing £125. in Britain are sold in Cape Town for 09, 90,
Cheap jewellery is reported selung in Britnin at half the price Birmingham firm can do
it.
Into the dossier are going such examples of contracts and orders that have been snatched by Britain's former enemies.
"A plan for the construction in Japan of de freighters to handle exclusively the long haul for iron ore and coking caal has been under discussion, The vessels would be of 10,000 gross tons euch, and construction over a period of three years would cost the equivalent of £60 This sum would be milion. When the dossier is complete Adland ometals of the Na-provided by the Government to be repaid by steel manufacturers tichal Union of Manufac turers will send it to the Chan over a period of 20 years. cellor of the Exchequer and the Minister of Supply.
GETTING ANGRY
Mr
union Ernest Holden, area secretary, said yesterday: "Members are getting more and more angry at their inability to
THE OBJECTION ́
from the banks
is
at the
"Special procurement itr orders have been languishing eince an order for 84,000 tons placod · in May-Juna, Maru- facturers of ordinary steel have been compelled to curtail opera- Lang,
"Sweden is actively seeking Japanese steel plates, especially for shipbuilding, but the lonal Trade and Industry has Japanese Ministry of Interns- refused to issue export licencer because of a $12 million adverse contracts like those concluded by with Japan. Swedish balance
15,000 tons of steel plate and by the, Bampa Nocki Company for the Nichimen Jitsugyo Company for 7,000 tons are held up. take the view that Japan will not allow the export of steel to Sweden in returns for 30,000 tons of Slamese rice (valued at about $4,500,000) and 14,000 tons of East German potassium chloride (valued at about $1,500,000), which Sweden undertakes to buy
Japan."-London for
Express
"M.I.T.I. Is also believed to
Service.
Proposed Tariff Revision
Canada's Reluctant Attitude
Ottawa, Oct. 14. Britain may find Canada endorse any demands for extremely reluctant to
major
to changes
the General Agreement on Tariff and Trade, according to Canadian Government eco- nomic sources.
ย
They were commenting on despatch from Scarborough on Saturday quoting British Con- servative Party informants as saying that Britain may derrand changes to the International Tariff Fact early next year.
The issue was to be discussed at the Commonwealth Primo Ministers' Conference in London next month. The Conservative British Government planned a Party informants said that the
GATT if Canadian support was quick demand for a revision of abtained.
But informants here said tha Canada was not likely to give that support. They were not too certain that Britain would be able to muster support on such a move from the remainder of the Commonwealth.
INDONESIA TRARE ·
Tokyo, Oct. 14. The Bank of Japan today an- nounced late trade with Indonesia by the a new move to silmu- us of foreign currency loans.
The Bank has decided to grant foreign currency loans on Japan's ten major import items, including crudo rubber, latex, vegetable all materials, zinc ingots, bauxite, crude oil and its products and lumber,
Loan terms
be will months after the arrival of ship-driving forces in the development ping documents in case of all of the post-war pact among som materials and lumber and 35 countries including the United
six months in the case of the others. States.
The loans will be given on imports for which leiters of credit are opened after October
"The objection to this plan is that trade with China may not be in fact permanently closed, and opposition and the Finance Ministry Jikely.
"The Japanese. case match the German and Japanese Washington talks was based on prices.
Agures for the ten years preced- "They bellove they could ing the war, that is, the period if the Government following the Monchurian In- rompete reduced taxation
1. cut cident. The percentage of trade charges Di the nationalised with China and Manchuria in Japan's total foreign trade rose from under 17 in 1032 to over Firms helping to dossier Include pottery makers 37 in 1939.
"Under existing regulations, from Stoke-on-Trent, car and
to China are motor-cycle makers from Japanese exports Coventry, light engineering and limited to bleycles, tricycles and cheapjewellery-firms · from parts, sewing machines Birmingham, heavy industries parts, textile
Industries."
makers
and
the
and
*and
products (cotton from the Black Country, carpet yarn and fibres), rayon and some
from
fabrics, Kidderminster, Bille
seaweed trepang. tyres and tubes for blcycles, eic. paper products same, rubber manufactures, and vulcanised fibre bars and sheets.
ונה
Walsall.
leather workers from
Added Mr Holden: "Most of OUT dossier complaints show vielous price cuts ranging from 25 per cent to 75 per cent,' London Express Service.
The Rubber
Markets
Singapore, Oct. 14.
futuros Prices of rubber closed today as follows:-as- Number 1 rubber, per lb.
November December
January
Number 2 rubber,
CANNOT BE IGNORED
"This list is apparently shorter than that of European countries doing trade with Iron Curtain countries, and business men have obtained some Government support for an extension of permissible exports.
"Even if relaxations are made, it does not follow that trade will be as easy as in pre-war days.
"Ching might be less willing, of in- in her present phase dustrialisation, to supply coal, iron ore and soya bears, and would probably 7496-9%
prefer barter 74-74224
terms to normal methods of ex- 74-7492
change.
November
(23-GB
Number 3 rubber,
November
04.04
Spot rubber, unbaled
November...
Returning to his Brussels home General of the United Nations, Number 4 rubber. from Teheran after talks with Mr.Mr Trygve Lile. Morsadegh the former Belgian Minister of Finance stated. have accepted
"LY
talks with
"During my
Dr
of Mossadegh there was no sugges- tion of financial aide from UNO
the "mission' thoroughly investigeting Persia's
present econcenic situation but I to Persia and I would like to
must first consult the Secretary
U.S. Tonnage Statistics
same
it clear that my visit to make Persia was made in the spirit as any other request made by a member nation to UNO for advice and counsel on financial problems."
Diankel crope
No 1 pala crepe
of Chinu cannot be ignored by
"But the problem
any
Japanese government, and com- 91-2mercial and industrial pressure 7312-744 62-8312 will continue to be exerted, sometimes privately, sometimes publicly. depending DA the political situation."
01-103 -United Tres,
LONDON MARKET
STEEL PRODUCTION "Japan's production of special to advance steel continues sharply and abould reach 250,000 tons for the year, which is overage," almost the pre-war
Times in 21-14 another special article from its
London, Oct. 14. Irices of rubber futures clused today as follows:- Number 1 rubber, in pence
per ib. November December January/March April/June July/September
213-1
2142-4
21
2114-45
United From.
NEW YORK MARKET
writes the Financial
Tokyo correspondent.
re-
five
Canada has been one of the
The official Government view was that as long as Conada lived by her export trade she must strive constantly for lower Experts remarked that the tariffs in all her foreign mar- laan system will secure Japan'skets, the chief of which is the import of $30,000,000 out of the United States. $40,000,000 expected under the new Japan-Indonesian Trade Agreement.-France-Presse.
HONGKONG SHARE!
MARKET
(From Our Correspondent)
While Canada might be pre-
pared to agree to some minor
adjustments to the Pact econo. mic informants sald she would be extremely reluctant to back any move which would tamper with the general theme of re-.. ducing world tariff barriera.~~- Reuter,
LONDON TIN
MARKET
London, Oct. 14. The tin market was weak. Turnover was 250 tons, includ- Ing 125 tons for cash. Prices closed at the end of the official murning session as follows:- Spat tin, buyers Business done at Spot tin, sellers Three-month Un, buyers SHARE BUYERS BELLERS SALES Business done at
Three-mantha tin, sellers gettlement
Business done on the Stock Exchange this morning amount- ed to $328,178.40. Noon quota ions and the morning's trans- actions:
BANKS
HK Bank... INSURANCES
1:00
Union
705 770
20 @ 760
SHIPPING
Asta Nav. 1.40
DOCKS, ETC.
K. What!...
N. P. Whart
Dock ....... 21.20
0.25
500 Provident. 12.00 13,00 1000 (F) 87e
Shel Dock 1.00 Wheelock
United Pres
ROYAL INTEROCEAN LINES.
Djakarta,
Djakarta. KATRUE. Surabata
“THLUWAR**
_*TIIHODˤTM
"
Oct. 18
་
*THBADANE"
Oct.
17
MALAKKA
ม
Oct. 2
Japan
Ларки Зария
"STRAAT
"VAN BRUTIZM
**TAIMAN"
"MARTBUYCKER"
"NUYA" **TJIWANGI"
| "TJEPANAB"
TIISADANE"
"TJPONDOK
"STRAAT
MALAKKA
*TFILUWAU”
“TEGILDENG“ *VAN BRUTAZ“
**TIITJALENGKA“ *TJIWANGI"
**TIKAMPEK”
"TEGELBERG"
ར7|ཅུ---
23
Nov,
KOT.
NOT.
·
Кат
Κοτι
Nov. 13
Nov, 10
NOT. 21 Nov. 21
Dea 1 Dec.
Oct.
Dec. *
"STRAAT SOENDA" Dec. 10 "TJILUWAR*
Deo. 18
#
Liscalear
Singapore, Rjakarta di Fransmitte
Singapore. Djakarta
Mirabala d'Mannamə
Тарад
Singapore, Maurtins, B. Africn; //
15. America
Dijakarta, Semarang Burakáta
Manlis, neinwan・ Dell. Ringosta,
R... Astica
Bingapore,
Buradala A.MAOKSERT,
Japan `Djakarta,
Харад
Bemarang.
Hemarang, Burakais
Bingapore, Djakarta,
sarabila a Macassar
Djakarta Bemarang, Kurahala
MACRIVRE
MÅ BILLADOTS, Mauritius
8. Africs ##). Aziation
Manila, 'Singapore à '5. Africa
Djakarta, Bomarand.
Sürahija a "MACAFIĄT
Bjakarta, Semarang,
Зарад
Singapore, Djakarta,
Burakala
Burabala a Massar
Japati
Manila, Singapare.
a. Atries — 1. Amaries
jakarta
Mirabila a klasszine:
"TJIBODÁS"
"TÖISERVAIN" ***TJIWANGI***
"TJIBANTJET" "RUYA"
“TSILUWAH"
"STRAAT
MAKASBAR"
'Dec. 23
30
Jan,
霉
Jatt. 7
Jan.
14
Feb. 1
"TJIBODASTM **TJINADANE"
13
Port Oct. 14
Japan
*VAN HEUTIZ“
*TABMAN"
Oct. 21
►
Oct. 11
JADER
Заред ARRIVAL.S
Fratm
.
Djakarta, Palembang, Bilawas DiN 3
Kingipere
Djakarta, Sandrung,
Macassar o Singapore
KING'S BUILDING, Ground Floor.
TEL, 23015/16,
CHINEJE AGENTS: #2 CONNAUGHT RD. C. TRLS. 81190, ZALES
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO: NEW YORK, BOSTON. BALTIMORE & PHILADELPITIA
SAN FRANCISCO, LOS ANGELES AND PANAMA,
M.S.
NEXT SAILINGS
"ANNA MAERSK”
MS. "LEXA MAERSK" MS.
“LAURA MAERSK”
·Oct.
17
Nov. 2
Nov: 15
Also accepting cargo for Portland/Maine.
ARRIVALS FROM U.S.A.
M.S. "LAURA-MAERSK”
M.S. "LEISE MAERSK"
M.S. "GRETE MAERSK”
Oct. 17-
Nav 2
Nov. 201
For Freight and Further Particulars please apply to:--
AGENTS:
JEBSEN & CO.
Pedder Building.
Tel. Nos. 86006-9.
Dates and rotation subject in changs withave, notien.
As liberty to procsed via other; parts to load/discharge cargo.
Exhibiting ||||Price Controls
Costs To
Be Lower
Charges At B.I.F.
London, Oct. 14, Τα ensure the fullest possible representation of
New York Sugar British Industries at the
Futures
New York, Oct. 14. World sugar futures closed to- 21.50 day 2 to 4 lower with 13.00 totalling 22 contracts.
sales
Contract No. 6 closed 1 higher to 1 lower with sales totalling 344 contracts,
4.00 Dominal
4415 43 200
4434 441
402%
Contract No. 4 (world)
January
March
3,75
July
September
LAND, ETC. НК Hotel HK Land (0) 101%
བ་་
S'hai Land, 112 Humphreys
UTILITIES
Tra........ 20.20 2014
Peak (0)
M. Gutt added that he will shortly fly to the United States
.. 104 100 103 for talics, with the Secretary-
C. Light (0) 9.40 911⁄2 2500 @ 916 General and to select a team of
1000 9.40 experts who will accompany him
"Production of special steels
C. Light (N) 0.33 0.40 3000 0.40 New York, Oct. 14. to Teheran
Electric in about two
began to Increase phenomenally
22.00 22.70 2100 @ 22,60, America's privately-owned months time,
New York, Oct. 14.
Telephone XR 17.20 1714 about 1937 and roso to a peak Prices: of rubber futures of one million tons (including
(Ita) 3.20 ocean-going merchant tonnage He does not know how long the scored a modest net tonnago gain team will take to fulfil its task. closed today 15 to 20 points cast iron) In 1944. At the end INDUSTRIALS
the industry
Cement 2739 in August. Two large tankers
M. Gutt, who achieved inter- lower with no sales reported of the war th
Roya were placed in service, offretting national fame inunediately after The dullness in futures was mained parious until the war in
STORES, ETC. three overage retirement, one the war by restoring Belgium's matched by the lack of factory Korea, when supplies were out- Dair marine casualty and one sale to economy in one dramatic sweep,
interest in the spot market paced by urgent demands. ** Prices closed today as follows:-- the Government.
before leaving to
In 1950, the output of special agreed that
November answer Dr Mossadegh's appeal Decenther
20.10 bid steel was 95,000 tons, in 1991 The Beet at the start of Sep-for UNO financial advice ho held January (1933) 25.02 hominal 170,000 tons and for 1932 prob- tember totalled -1,275 Vessels
long consultations with II. Henri February $1,000 gross tans or over) Rolin. Gggregating 15,273,810 dend- M. Rolin, former President of May of 8,195 deadweight tons over the Belgian Senate, successfully June pleaded Persia's case before the July dhe August 1 figure.
International Court at
weight toms. That is an increase
March April
August The Septembber The total was divided into 823 Hague, who found in favour of October dry cargo and passenger ships of Dr Mossadegh's plea of non- November 8,633,810 deadweight tons and jurisdiction to hear the merita 440 tankers of 0,703,000 dead-of the Anglo-Iranian, dispute,—
London Express Service, weight tons---Associated Press,
December January (1004) Spot
26.39 marinat
Watson COTTONB
Elwo
100 @ 17,70 10.30 10.70 17719.20
10.30 10.50 250 @ 10,40 500 10.50 2000 # 19.40
27.40 500
all
2527 nominal ably 250,000 tons. Prices 24.37 blu doubled, trebled and quadrupled
and reached their height in July Exchange Rates continuar," the correspondent
nomina). 24.50 bid
24.30 nominat last
24.10 bid
24.00 nominal
23.95 Hominal
with
prices
com however, they are still
23.96 ruminal generally,
Z nominat on a low level. On the basis of 3D nominal 100 for 1034-30, general com-" 13.00 nominal modity prices in Japan today are. fed-Prep 417, prices of ordinary steel an
October
January
Spot
Coronation, year British In- dustries Fair, the Board of Trado has decided to reduce the cost of exhibiting at the Fair.
Exhibitors in the Common- wealth Section of the Fair, how- ever, will not benefit by this reduction.
Brillah Ormas exkiibiting at the 177 nominal Fair have to pay a flat rode of
3.77
3,70
380 nominat
387 nominal
4.00
Contract No. 0
November
March
Mary
·July......
October
September
6pm
0.04
8.38
5.40 bid
85%
5,60 bid
4.07
6.10
United Press.
Removed
Washington, Ock, 14.. United States price enit- trols of Imported yaw oefe toù were removed
Announce
Clovernment's
Price
Stabüiliation
'currens ` selling prices : tf Imported, cotton were weži, below the level of the caus trolled prices.
The Office explained that prices of Egyptian, Indian, Peruvian and Mexiqun co6- ten declined along with the,, solling prices of raw data- esila cotton during, the Lark. year--Reuter,
Grain Prices
Chicago, Oct. 14. Prices of grain futures closed chuda" today as follows:-,
Wheat-price per buth
Ga: 8d. per square foot, plus a charge for shell supplied by the Board of Trade.
It is this charge which is now p being reduced by about nine December per cent.
Charges for space in the Com- monwealth Section are on......a somewhat different basis,
Exhibitors in this Section pay the flat rate for the ore, they occupy, plus a proportion of the
building the specially of bud
Standa this Section, are built to exhibitors' own specificp= tions thus eliminating the nood for "shell stands"--London Ex- press Service.
Cost
New York Stock designed overall decor.
Exchange
New York, Oct. 14. Stock exchange prices eased 27.30 In narrow dealings in a dia
appointing volume.
Dealings totalled 1,130,000 shares. Over- all, prices declined in the averages by 27 cenis, Rails last 59. cents in the averages. Business" "was” dañe in the loon)
Dow Jones Averages at the exchange market
this end of the pession.— unomon morning at the following rates: 30 Industrials:
6.105 20 rails U.S. dollar (per $1) Starling note (per. £1} /** Indonesian guilders. (For 100). 25,80 16 utilides Siam Upals (per 100)
Singapore (Btraite
IC nistres (per 109)
18.00
3450 40 bonds
焼
100
December March
Pakistan Orders
U.S. Engines” ⠀
JAPANESE BONDS ondered 19. broad gauge, lectado
Washington, DEL: 16. The Pakistan Governatorik: kada
Iocomotives: from, United - Sister Landon, Oct. 14. manufacturers for the, Northsi Japanese bonds
do Western railway, the Praistari "A" (4%, 5 of 1800), (8045 | Embassy announced today. "13" (48, Of 1910). 79
Amerion Locomotive SA "CHOR OF 1001) 184 Company, de maculopa
"D" (8% at 1984): 1019% of Mans Bots, delivery - b6973 Dext "E" (528. of 1980) 150% April 1, and, the remaining 10
day for delivery by sext July, 1. -Urated Press United Press, Į
270.13 100.60
49.00
07.93 | ConsolS
Ulted Press.