ין
MESSAGERIES MARITIMES
M
M
Leaving Outward For
“BAINT MARCOUF" ....Det. 12, Oct. "PEI HO"
**FALAISE"
Arriving
Nov. 18
Nov. 1
Jāþau Jaball
¡Nov. J
Nov. Nov, $ Nov. 19
1
*FELIX NOUSSEL” Kov. 4 +SAINT MARCOUP" ... Nov. 18
• For passenger and freight.
Homoward For
N. Átilèa & Europe Meraclliks vin Balfol! N. Atijan a Kifope
+ For freight to Saigon, 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 Notics,
CIE DES MESSAGERIES MARITIMES
P.O. Box 58, Hongkong
Queen's Building (gr. floor)
EVERETT
Tel. 20651 (8 lines).
LINES
EVERETT ORIENT LINE Fast cargo and passengers servics refrigeration space available for Korca, Japan, China, Philippines, Indo-China, Siam, Malaya, Burma and East Coast Indian Potts.
"LENEVERETT”
Arrives
Soils
Oct. 23 from Manila. Oct. 24
Singapore, for Nangoon &
"REBEVERETT”
Arrives Soils
Tenang, Calcutta,
-&
Yokohama,
Nov. 7 from Singapore.
IUC Kobe Nov. 8 (Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STAR LINE Fast cargo and refrigeration spaces available for Korea, Japan, Chinn, Philipnines, Indo- China, Siam, Malaya, Ceylon, West Coast Indian and Persian Gulf Porta.
FIRST CLASS PASSENGER ACCOMMODATION M.S. "NORDSTJERNAN”.
Arrives Salls
Oct. 24 from Singapore. Oct, 20 for Kobe, Nagoya, Yokohama
& Osalen.
M. 5. "STAR ALCYONE”
Loading Salis
Oct. 24
.
Oct. 20
for
Bangkok, Singapore, Colombo, Cochin, Bombay, Karachi, Kharramshahr, Busrah & Bahrein,
(Accepting cargo for transhipment Käbe/tusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telophono 31206. Chinato Department: Telephono 28293,
Of A
Reclamation Of
Sumatra - Oilfield
Proceeds Apace
London, Oct. 20.
Deep in the Indonesian forest fastness of central Sumatra, and dwarfed by the towering trees encircling them, men are strenuously labouring to build "corduroy" road.
G
THE CHINA MAIL, TUESDAY, OCTOBER 21, 1952.
Trading Conditions In The ROYAL INTEROCEAN LINES
Peking, India Sterling Area: Mixed
Negotiating
Bombay, Oct. 20. Bothashist China, which this year has contracted to sell 150.000 tons of ston to India, is neroffätifig, with the Governmidst of "India for purchase of Indian
The deal will be between tho Chiness and Indiáis Governments did
quantity
100,000 toms,
mentioned.. Is
India in 1081:52
daced 1,450,000 10
pro-
of
ha
tenned rar, of which about 200,000 tons is likely to be tirold internally. The Government allocated 50,000 tons for ex- surplus and port from another 200,000' tons from this your's production, ener Associated Press.
Japan & Aid To SE Asia
Optimism & Pessimism
London.
Conferences and Ministerial pronouncements in regard to Sterling Area trading conditions in general and those of Britain in particular, are much in evidence these days. Oddly enough, they reveal a mixed- bàg compounded of optimism and pessimism.
Interjected are the deliberations of the contracting parties of the '· General Agreement on Tariffs and Trade (G.AT.T.) now assembled at Glare V. While the con- ference of the Commonwealth Prime Ministers, to be held in London next month," overshadows the whole.
The immediate past in the U.K. financial position has been indicated in the White Paper on the "United Kingdom Balance of Payments (1949 to 1952),”
',
"VAN; INUTIKA ~rasitaks
"MAETSUYCKER"
*RUYS" *TJWANG
“İJİPONDOK“
*THBADANE APYJÍPANAŠ”
SILUWALL
"STRAAT
MALAKKA
EAELURU
"VAN DEUTS2"
"TJIWANGI".
TIPANAR
"TEGELDERG"
til. Nov.
Nov.
Nov.
Nov. 30
Nov. 11 NOY #
Nov. 10
Nov, 20.
{Dec.
ג'
jike.. *
Dec. +
10
"STRAAT BOENDA"! Dec.
TALENORA
*TJELUWAN"
"IJIWANGr”.....
The addition of "Common- One more Item in the White "Whatever the strict logic of "TJIKAMFEK" wealth Trade in 1981" by the Paper is worthy of comment in economies, Mr Amery said, "fotkŠEVAIN" Commonwealth Economic Com crews regard. Canada mittee, and the conference of relationship of the UK and cer- as a dollar country nothing countries more. What, theit, must we dỡ the Conservative Party at Scar- tain Commonwealth borough, have all conspired to who have been placing orders make this month one of great for essential goods, durable for moment in international trade. ttie most part, in countries Mr R. A. Butler, Chancellor other than the UK. This item of the Exchequer, was the prin- is the UK Sterling ilabilities. cipal speaker ut the annual sometimes dubbed unrequited banquet given
Lord exports. At June 30, 1951, by the Mayor to the bankers and mer- these totalled £4,780 million; chants of the City of London.
one year later they totalled Mr Hugh Gaitskell (then £3,005 million, an improvement Chancellor) hud that role last of £771 million. The following year, when he had not a plea- shows the internal changes sant theme to expound.
creating this improvement:-
He had to Instituto That "burren device of import cuts,"
DOLLAR RESERVES
June 30. 1952 1031
(in millions of £'s}
“TILUWAR"
"TJKANTIETO
STRAAT
MAKASLARS "TJIWANGI".
to ensure that in strengthehung VAŃ" HEUTIɬ the Sterling Area we do not weaken our ties with Canada? ....Stronger preferential Ar- rangements would so turn the course of trade that such dot- lars as the Sterling Arca cams would tend to be spent in Canada.'
HONGKONG
SHARE MARKET
(From Our Correspondent)
Business done on the Stock Exchange this morning
prices and the morning's quota- 36 tions-
18
TJ
51
349
*W*
447
513
842
1,063
tal Dependent overseas
territorion
1,012
b) Other Sterling Aren
Countries
1.413
901
2,102
the
Total Sterling ATOR
countries
2.333
3,100 valued at $258.890.15.
Singapore, Oct. 20, as one editorial comment de fo) Due to dollar area (b) Other West Hemi- sphere countries.... Japan is willing to conscribed Mr Butler's slavish in- Gaitskell's of tensification of Mr
(c) OEGC countries.. tribute her share
Initiativa in instituting re- |(d) Other non-Sterling and technical strictions on Imports instead of Area countries...... machinery
of exports as tho manpower for the develop expansion
Tutal non-Sterling Area
countries ment of Malaya and other cure for our economic ille. Southeast Asian territories, Mr Ken Ninomiya, Japanese
In his speech, Mr Butler could Consul-General-designate for
International position Singapore, said in an Interpoint to an improvement in our view with Renter today, first half of 1958 compared with
"Japan has no intention of
other
free computing with nations but is ready to join them in economic aid plans for back- ward regions," he said.
Mr
for
the position for the Brst half Non-territorial organi
Fallons
Creas total ......
Noon
SCB
4.730
SHARES BUTERS SELLERS SALES
HANKS
territories. Ninomiya, who arrived
over the week-end with three Consular attaches to set up the first post-war Japanese rasion here, declared: "Japan is now a poor
with
no money for country
investment. But her aid Overseas will comprise technicians and machinery available under the Yoshida Government's plant ex- post prot
programme."
Mr Ninomiya said Japan could take considerably larger quanti
Iron 1les of Malaya's
ore, bauxite, timber and other raw
materials to
Current counter "uneven trends" in their trade. One of his immediate tasks would be investigation of the possibility of raising Malayan rubber exports to Japan, How- ever, dépression had cut Japan's consumption of rubber by 50,- 000 tons annually, he suded.
TEXTILE POLICY
Indicated
Mr Ninomiya Japan's willingness to help iron mining in Malaya, from which she is due take 1,000,000 lons.
paillion is bad for everyone," he
said.
Mr Ninomiya was completely
with the satisfied
British Government's blanket clearance for Japanese ships calling Malayan ports. "This initiative goodwill should benefit both," he told.
Japan sent 181.2 million Stralis dollars worth of goods to
of 1951. Efforts of this coun- Ares try, and of the Sterling together with Amerleth defence uid, have enabled him to keep the gold and dollar reserves to about the same level since the June, 1951, there had been a de- Budget in March. In January-
cit in our bulunce of pay ments of £000 million; in January-June of this year Mr Butler claimed a "small surplus carned even without American defence aid."
JLK Bank 1410 East Asia
**** | INSURANCES
1,903 The UK has reduced her Inbilities to all countries or areas, with the exception of the dependient overseas hus risen between the years by The UK Indebtedness to them
£134,000,000 (the dependent overseas territories include the Colonies, Protectorates and Trust Territories), reflecting UK inability to replace the sales of raw materials (rubber, &c.)
&c.) and foodstuffs --'(cocoa, with the requirements of those Paper shows the gold and dol-dependent territories,
position as tar reserves
lows:com
That may be considered very
salisfactory.
but the
'September 18, 1945 December 31, 1940 June 30, 151
White
101-
1.000
3,547
2,235
1,685 3,053
BANKER'S CRITICISM
is
10
11
149
Canton ... 200 Union ... 78748 Underwriters
$30
Irk Tire.... SIUPPING
Asla Nav .. 1.40
DOCKS, ETC.
K. What H..
01
0.00 Dock 12,40kālo 1000 @ 21.00.
1000 € 1.00 Provident ... Ahal Dock 1.99 Wheelock
Hingapore & Dļakarix
Japan
Blogapore, DJAKATI, Remarang,
··Karabala. @ Macaesar jhatta Beinarang MHPABRIK
mikengist
Bldgspot, Dinkaria. Mišuritius,
M2Airien à. Američk
Jabat HIDRADUTE.
DJURUPTAS
„Kutabula 'A BIKERSIKT
Aanila,
Belawan E&B. Africa & 8. América
Del. StarCDOTE
Japari
Djakarta, démtáñm, MÜTARAJA
Afáemekár,
Bingapore. Djakarta.. Semarang.
"Surabala & Macassar
DJakarta Bemarang, Surabela
Discatar
Manila, siáképéré, Djakarta, Mauritius, B. Africa & 8. America Manila, Eingapore à 6. Afrien
Заран
Blogabota,
Djakarta,
"Súlabála á Macačiar
Bemarang.
Djakarta, Bomerang. Burabola
!
Singapore, Djakarta, HEMATANE,
Auravila & Macassar
Dec. 12
Dec.
Dec. 23
MACTALSI
tiec. 31 Jan.- 2
Japan
Jasz
+
Jan. 19
FAIL 26
Jan. 14
Job.
F
"TJITJALENGKA” Fab,
MATHIES, singapore,
pjakarta,
Mauritius, B. Africa & B. Americk
Manila, Singapore, ✯. 8. Africa Singapore, juta. Bemarati.
Burabala & MacAr
Зирал
Зарап
Bingapore,
Dinkaria, Semarang
Surabala & Mincakiar
Singapore, Djakarta. Ataiziti
8. Africa & 8. America
ARRIVALS
From
Djakatta, Semarang, Jurabala,
Macassar & Bingagore
*VAN HOUTSE“
In Part
“TARMAN"
Oct. 22
Japan
"TJIWANGI"
Def. 23
"REYS"
Oct.
**
Machisar,
Surabaja, Semarang,
Djakarta & Singapore
H. America, %. Afries, Mauritius,
Singapore & Manlia,
KING'S BUILDING, Ground Floor.
TEL. 28015/18.
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1200 441
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HK Hotel
4.54
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HK Land (02) 8330
on
HK Land (N) 01 Stal Land..
M.S. "GRETE MAERSK"
the
the
LAND, ETC.
Humphrey 13.00
UTILITIES
Tram
Peak Tram
20.30 20.40 1000 en 50.40 $00 6 20.30
cold. 3115
(New) 1814 Star Verry 111
Light (0) 9.00 9.70 740 8.80
100 @ 2.69 2300 9.00
G LINE (N) 0.49 0.35 DT © 8.45
~250 '08~0.45” 1836.43 22.80 23.20 911 @ 23.30
503 24
Electric
Macnu
Nov. 2 Nov. 15 Doc. 2
In Port
Nov. 2
Nov. 19
| For Freight and Further Particulars please apply to:--
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Bates and rätation subject to change without notice. -At-liberty- to- procééd élu - alkar-ports - to...Joad/discharge – CATRÓ..
Eledtele 10.70 Telephone. 17.00-17.30
.. (tk)
160 4
202 4
PENINSULAR
just
Cement Rope
STORES. ETC.
Daky
10.40
18,10 300 m 17.00 0002034
..
ID
Walson
26 74.30
1.Te
out
• Crawford · 20.00
2.45-
33028
1500 @ 2%
LONDON TIN MARKET
JAPAN EXCLUDED
Mullana The 34 member nations of U.S. dollars
GATT have decided that Japan 1,340
should not be alimitted to membership. The USA and the UK took a definite stand December 31, 1951 June 30, 1932
cheap labour, cheap standards September 30, 1982
of The date of devaluation.
living with consequent These reserves have fallen dumping, in the past, at cheap precariously by September of prices. Japan, presumably, this year to the level, almost, of to mend such ways if she is to September, 3049, a level more be received some tlay into the GATT's councils and counsels, precarious in view of
It im-
difficult to expect Japan. general increase in world port prices (UK and
to raise her diet from the tradi Sterling Area), with export prices and
and lonal staple handful of rico or volumes facing an obstinate pay uncarned Increased — wages buyers' market throughout the which, in the absence of con- On textiles, the Japanese world, made more dimcult by sumer goods, would lead to in
flation, a situation which 4 shortage of hard currencies, official declared his country was dollars particularly. And these USA and the UK desired to willing to enter into an "under-dimeulties have arisen for the nvold within their own borders.
Britain, India standing" with
most part from that barren de- Japan can henceforth be and other producers la regard vice of quantitative restrictions lone wolf" in the world of in- INDUSTRIALS
and do notwithstand- to sharing world markets.
ternational trade in trade, GATT
as she now "Japan realises unwise com~
chooses. ing.
The United States has consed
On the broader issue of sanctity of bargains in GATT stockpiling; she spent Over
3,000 million at rising prices and adherence of the Sterling Commonwealth, on this operation.
Area, chiefly She may
countries resume such operations or she
the agreement ut may
is much cleavage of COTTONS not, although confident there
Ewo that costs would be more than opinion. At the meeting of the Association, her actual Empire Industries 50, per cent-below
in London, at which Mr George precarious outloys,
A. Drew, leader of the Pro- gressive Party of Canada, was the principal speaker; both Malaya in the first seven months At the banquet, the guests Lord Balfour of Inchrye and Mr of 1852 against imports totalling were treated to the experience Julian Amery, MP, cums 91.7 million dollars. Last year of the head of a Government, strongly
against. continuca Japan had at 66.8 million dollar in fact Treasury department, membership in GATT of the
countries. Commonwealth favourable balance with Malaya, the Bank of England, criticising Comm
openly its chlof. Mr Cameron On this point Lord Balfour Cobbold, Governor pf
and said:"Men Bank, had much comment to
view aro every political
be make on the increase in recont coming weary of the economic
from 1945
to the Government to
finance 1051. We have all had our '011 inter alia, local authorities and of crisis after crisis, and bust-
industries. the nationalised
*ed forecasts followed by oxhor lations to everyone else to work New York, Oct, 20.
were indicatot 4 of these OD our foreign New York sugar futures were by Mr Cobbold when he sald: harder, GATT, that moribund inctive, In
World futures closed "Under a full exchange control ion of decayed hopes of International tree traders, muist mohanged to 2 higher with no system or under a free ex-go, for already GATT has cost sales reported.
change system the value of the
us dear in lost opportunities. Contract No, a closed 8 lower £, and with it our ability to With GATT out of the way
must depend primarily on our trade bargaing to our partners Internal policy and on our own is the Dridh' Commonwealth,
United in the cfforts
King" which they in their turn nominal dom."
dom.
necopt or reject; of raw Upon the question
London, Oct. 20.^ EMPIRE PREFERENCE materials Mr Butler was com
Prides of rubber futures closed forting. "I can say definitely" (the
"I'road; that Cañada is sup- | rightly cazier. Prices closed to- "that this he declared,
posed not to want any great pl-day os dollows:- effect of the application of im- port cuts) has been achieved toration to GATT....Surely the task for Canada and without any depletion of
our main a whole; stocks taken as
In Britain of the forthcoming con-
ways aced, there was some increase."ference is to work out
Canada can market to whereby excase of unemployment as its
her wheat other agricul obvious Non, of Use passing of the ten-tural products, porary reccalon in world trade Mr Amery, in his speech, de JAPANESE BONDS the country
Into the textiles materials mar- theme, endeavouring to put kets at a time when our gold Canada, with her, dollar our
Buglem, was done in the local and dollar
standet rency, into closer financial co- red million
market operation with the Sterlingfileint exchange 1,085 million. only have the level which pre- countries; Lord Balfour and at the following cal 13934 dipitated devaluation in many hinted at general convertibillus, dollar (per #1)
countries of the world, a Bien y but Me
This is a road made by felling trees and rolling their trunks together to make a rough-and-ready, causeway.
And the corduroy road in pumping station equipment, and
terrninal marine question is another stage in the built
large cargo ships and reclamation of one of Central which Sumatra's oilfielda. It is the tankers can call. Houses, 100, Minas field, covering some 10,- are going up as fast as materials .000 acres and belleved to have enn be assembled. Many of the considerable future possibilities, technicians,
are sti
ocean
or
though, Is Initial development was halt-living in houseboats moored off
terminal ed abruptly, just when the first the well was about to be drilled, by dormy houses at the base com the World War 11 invasion of and the seld supply depot. the Japanese.
Reuter.
tho
New York Sugar Borrowings from the banks by diet served up
Futures
totaling 291, contracts.
Prices closed as follows:---
Contract No. 4 (world)
January March Hay July September October January Spot...
3.71 pid
The
wotnen
London, Oct. 20. The in market was steady attor a decline. Turnover was 105 tons, including 20 tons for casti. Prices closed at the end of the ometal morning serrion as follows:-
Spot tin, mellora
Spot tin, buyers
DASİ 054 Business done at
254-983 Three-months tin, blyers. 941 Three-months tin. selterm Hurineas done Settlement
-United PreRT,
con
In London
Yet, out of the 1,400 employees to 1 point higher with sales buy our food and raw materials, Britain on offer worth-whin Rubber Futures The Arst cargo of Minus erigages in opening up this oli crudo 'was shipped to the in-field, only 300 are Westerners. ternational market and com- The remainder are Indonesians--- mercial production officially in- who have proved amazingly deft augurated # few weeks ago. at the most complicated me. But a tremendous task awaits chanical engineering operations precision the oil man
before full-scale and outstanding at development is possible., It is a work such as cartography and Job made the more dimeult be general draughtsmanship. calise of the need of replacing, The Indonesians have, in fact, from scratch, the equipment and long become used to spectallat tallations provided prior to the equipment, for instance, d.50- outbreakt at hostilities and ton diesel engine, a radio-tele- which were
subsequently
phone installation, or the glani molished by the Japanese.
dredger which was floated from Added complications are the Hongkong to deepen the channel wild, inhospitable Jungles and at the ocean terminal. swamps in which the oil man
With up-to-date medical and
de
toll and the fact that their pridental centres to ensure the mary supplies must come from highest health standards and the other side of the globe, 10,- with the prospect of interesting 000 miles away.
MARINE TERMINAL
and
permanent employment before them, it is easy to under- stand why there is an increasing
However, they have already flow of recruits to tilla oil indus- hown i new right-of-way from 'try's pulpost in this particular
3.70 Did 3.86 nominal 4.00 Contract. No, G
gog bid
November
3.43 bld
5.56 id
METCA
May
JU
September November Spot.
United Press,
63 nomiria! Depletion of stocks has an in- | teliain and the Storling Aren
Number: 1 rubber,
in pense per Jb. November December January/March April/JuneKALIN July/September
United Press
& ORIENTAL
STEAM NAVIGATION COMPANY
R.M.S. "CARTHAGE"
SAILS:
NOTICE TO PASSENGERS
BAGGAGE:
SPECIAL NOTE!
EMBARKATION:
FRIDAY the 24th October 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, CANTON ROAD ENTRANCE by NOON on THURSDAY the 23rd October, 1952.
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. Will take place FRIDAY, the 24TH OCTOBER, 1952 between 9.80 a.m. ́anti 11.00 mm,
BUSINESS REGULATION ORDINANCE.
1952
Will have to go voloped the Empire preference Exchange Rates St. John Ambulance Copies of the prescribed
*E** Ghs of 1930)
131.
London, Oct. 20. Japanese birachs
(45. of 1910), 72
8 of 1807)
Amery,“ hinted. Steding Kate per 21). 102
der margin of only about 24 strongly at convertibility to Indonesian guilders (per 100) 2.50 58-9/18 per cent of the total yearly strengthen the ties with Cana-Slam tests per 100).......
Singapore (airalis) trade of the Sterling Area,
|VIČ plagtřen (per 100) -United Press.
10.35
their base camp to the oil field, corner of the world-London Console brought in pipe, drilling, and Express Service.
1
Brigado
Free Ambulanca. Sérvico fat Emergency Accident Cases Tel. Hong Kong 35035 Tol. Kowloon
52222
Forms 1 (a) 1 (b) and 1' {c}}
Now On Sale at
S. C. M. Post, Ltd. Honghong and Kowloon TEN: CENTS EACH