MESSAGERIES
MARITIMES
M
Arriving
THE CHINA MAIL, FRIDAY, NOVEMBER 21, 1952.
EXPORTS FROM CANADA
M Prises May Not Be Competitive With Britain
Butward For
Leaving
bre. + Dr. $ ban Jun. 20 J:42. 21
Yokohama & Kobe Japan
"LA MARSEILLAISE"
"FRY-HILL"
"ST-MARCOUF"
Homeward For
Africa & Europe
Keeluse
May, 18 Nov. 18
"PEI KO"
"""LA MARSEILLAISE"
.Dec.
H fier.
Des. 13
D
16
N. Africa & Europe Marieities vis Manila
'MONKAY"
Jan.
0
N. Atrica, Europe
For passenger and freight.
- For freight to Saigon, Marseilles, Aiglers, Tangler, Casablanca,
Havre, Dunkirk, Antwerp & Rotterdam.
• Acceping cargo:
Vla Marseilles to all Mediterranean & West Africa Porta -via Djibouti to Madagascar.
Bubject To Change Without Notien.
CIE DES MESsageries_marITIMES
P.O. Box 63, Hongkong
Queen's Bullding (gr. floor)
Tel. 26651 (3 lines).
EVERETT
LINES
EVERETT ORIENT LINE
Fast regular freight-refrigerator-passenger service to Korea. Japan, Philippines, Indo- China, Slam. Malaya, Rangoon, Calcutta and Chittagong.
"NOREVERETT"
Arrives
Sails
Nov. 24 from Singapore.
Nov, 25 for Robo, Osaka, Hirohata,
Yokohama & Nagoya,
"REBEVERETT"
Arrives Salla.
3
8
Dee. from Manila.
12
l'enang, Calenta.
Dec. 9 for Singapore,
Rondoan
Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STAR LINE
Fast regular freight-refrigerator—passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports.
M.S. "NORDSTJERNAN”
Arrives Sails
Nov. 22 from Japan.
Nov. 23 for Singapore. Port Swetten hain, Penung. Madras, Colombo, Bombay, Karachi, Khorramshahr, Harald Bahrein.
M. S. "THAI"
Arrives
Sails
Nov. 24 from Singapore.
Nov, 25 Jor Kobe, Omako, Nagoya, Kamanshi 品 Yokohama,
(Accepting cargo for transbipment 25obe/lusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Queen's_Building, Telephone 31205. Chinese Department: Telophone 28293.
4
Supply Of Oil In America
Now Exceeding Demand
New York, Nov. 20.
American oil men are talking about what to do with their surplus production.
war.
It is the first such talk heard since the end of the
The Wall Street Journal said, plant expansion since the end of interviews it haet with
World War 11, attd-ta-still going vi! leaders showed this picture: At | on. He said the world oll In- present, too much crude uil is dustry may be overdoing itself. coming out of the ground and too much petrol and fuel oll
is flowing from the refineries in
the United States.
Quadr
Too
much,
that is, for present demand.
Crude oil production in the United States today averages 0.0 million barrels
A
day
That is
0.8 per cent more than produc-
tion
for mid-November, 1051.
The nation's refineries are now working at about 93.6 per cent of capacity compared with DL per cent a year ago. Stocks
Associated Press.
Trade Trend
ContinuingTM
Washington. Nov. 20. The United States continued to sell mcre goods brood than it bought during September, thus
at
foreign
of reßned products are well further draining the dollar and
reserves The industry gold above last year's.
10,000,000 barrely of countries, the Census Bureau re reports heating oils now in storage.
NOT PLEASED
Oll men interviewed were not pleased over the situation.
ports.
of this year.
continued
Anglo-Siamese Rice. Talks
Bangkok, Nov. 20. The Thai and British Governments will negotiate the sale of the remaining 80,900 tons of Thai rice
to ritfal territories this year.
tho Sources
close to Ministry of Economies said that the Thal Government with inalat on handling the shipment of the rice from Bangkok to ocean vessels anchored oft Sichang Island.
Thailand may refuse to release the rice if this con- dition is not agreed upon. Up to now the British Government has always insisted on 'shipping the rice themselves because they could do so at a lower price-France-Presse,
Ceylon Sales Of Rubber
Colombo, Nov. 20, China has just purchased 3,000 tons of sheet rubber in the Colombo market at the record low price of 26 pence a pound. The rubber will be shipped in Bytom which is due about the middle of month.
the
here this
Situation Of A Few Years
Ago May Be Reversed
London.
With hopes running high here that the Commonwealth Prime Minis- ters may be able to agree on at least preliminary moves towards freeing the trade of the sterling area, people have begun to wonder whether the price level of Canadian exports would be competitive if the relaxation of restrictions gave them a chance to compete in sterling area markets.
At first glance it looks as though the situation of a few years ago might now be reversed,
Until the devaluation of the pound in September, 1949, Canada was deliver- · ing homilies to the British Government and to V.K, industry to "get prices down and start to compete in North American markets.”
it
It was good advice, but would be ironient if Canadian prices now proved too high to be competitive.
This was good politically; it stopped Canadian complaints about U.K. Government polley. It was also very good econo- niteally. The west-coast timber perators have had a dificult time with their unions.
From the U.K. side, price is now rarely a cause of com plaint about exports. Mr H. R. Mackeson, U.K. Secretary for Overseas Trade, who
recently The difference between say- toured Canada and met im-ing "We cannot sell tumber at porters and businessmen, did more than a certain price" and not mention the
"The factor saying
British cannot Price among the deterrents the afford to spend dollars" is the sale of UK-goods. Much the difference between sensible economie bargaining and com- more serious cause of com-
plete futility.
plaint is slow delivery:
The
to
improvement of
U.K. from de-
It is still uncertain how far the the British Columbia timber cut
prices results from the operators will be able to
valuation, and relative success of the restraint policy. Another factor which accounts for the altered ground of complaint is the
how
Economic Policy Criticised
Article In Taipei Publication
Taipei, Nov. 20. their Wage-
prices to match the Scan- Considerable interest has dinavian prices. It will partly been caused in political depend on
buoyant
the circles with the publication American market is.
But, as a Government spokes-of- an article in the "China man put it, the Canadian in- News" strongly criticising dustry has never failed to meet the Nationalist regime's the price competition in the British market if it was given a chance to try
-
of emphasis in the ex- part programme. Canadians are most interested
in U.K. ports of engineering products. In price terms Britain is en- joying an advantage which was graphically illustrated in the case of one of the few
SUCCESS fut sales to the Canadian Do-
partment of Defence Produce tion. It was a $3m, order for
o fight-simulator (which used
to be called the "Link" trainer), for the FBB Sabre fighter of U.S. design.
BACON AND CHEESE
were
Negotiations tre daw going on for a further shipment in a Polish vessel due here at the end of
These this month.
Canadian supplies shipments will be the last to be handled rubber entirely by the private export trade if the Government deckties to accept the Chinese proposols for a long-term trade agreement.
the
tho
U.K. GETS ORDER A British firm secured order because it had Common- wealth rights from the U.S.
which firm
controlled While the price of 26 pence licence. But the British manu-
Chinese for the paid by the
facturer
15 is paying
per next shipment is the lowest ever cent licence fee to the Ameri- for rubber to China. It is still
who
WAN about three to four pence ubove can patent-holder.
bidding for the Canadian the world market levels, and Ceylon prices are thus slightly above the world parity.
The price of 20 pence is about paid by the half the
price Chinese 10r the first shipment of rubber from Ceylona in the Mickiwiesz in October last year. The Chinese buyers have been reducing their prices with each successive purchase.
also
order.
ten-
The UK's price advantage could not be more graphically illustrated than in the case of this order. The British derer had to give away 15 per cent on his price to start with. Yet he was able to underbià the American firm from
which he hold the licence by a very substantial margin.
The
4. R. Jayawardene, Ceylon's
The same ase also illustrates Minister of Finance, however, the delivery problem. On the decried the export of rubber to året bids the U.K. firm was so us not in any months behind the China from Ceylon
despite his conformity with the ideals of the American that, United Nations. He was speak-price advant the Canadian ing at the annual dinner of the
Government
no have Accepted-his-offer "UN Ceylon Branch:
"IRONY OF FATE"
that several members of the UN
But British Arm had sent
here. Making free use of
or
In a very different line of trade the last British contracts for buying bacon and cheese from Canada concealed a very high price differential between
and
those which
from available Folt currency sources,
The last British purd
purchase of bacon and cheese from Canada than involved a higher price the basic British contracts with New Zealand
the
Low Countries.
that
Canadian contracts been eliminated, on grounds not
but of of price dellar exchange, the Canadian Britain could now buy Cona- price has become competitive. dian bacon at prices no higher Indeed almost certainly lower than elsewhere. The cheese price is still arti- fcially maintained here higher level
Zealand
than the New price, but if bargain- ing were possible it is
very would doubtful whether this remain true.
could
Bri-
mind
economic policy.
In an unsigned article though it is believed the writer is one of the foremost economists and bankers in Tolwan the "China News" calls the Nationalists' economic policy one of "high cost and low quality production. protected by an irrational trade and Industry control which will neutralise economic and annihilato the beneficial in- fluence of foreign aid".
לו!
Denouncing the high cost of Production, which, according the "China News', is the result of inemeleney, poor planning an! superduous personnel, the newr- paper adds: "There is no print In attempting to achieve zelf- sufficiency when such a move as uneconomical and irrelevant, and aimed only at covering th activities of a group of privilege:4 capitalists and Industrialists." planned control the paper mill
Giving as cxamples of badly... · industries factories.
for
reasons
1111
the
in economy and finance.
cotton
50
anct the "China News" That it is not good economy to charge 100 per cent materials or goods which ean be found in Hongkong or 70 per cent cheaper than in Taipei.
JAPANESE ANGLE Even in beet, Canada
There is speculation here on the probably compele in the
which ted the fish market, bearing In
rond "China News", which is the recent drop in the US.
by foreigners living in Taiwan, to take such DOMESTIC PRICES
-- Nationalists stand-against-the --. Canadian prices for canned policy. Observers belleve that an aggressive salesman put salmon have been considered the article probably aims at the
elimination the high. British Columbian pack-
of some of Na- transatlantic telephone he was ors have a large carryover on
tionalist China's leading figures uble, within 24 hours, to secure their hands from last year, and permission from the Ministry they had another big catch this However, behind this precise of Supply to extend his factory, year.
aim, there is probably also un- and thus to reduce his
Sales in delivery
the sterling
other intention. It is well-known date by the accessáry period.
might be limited, but for all that supported by Japanese in- PRIME EXAMPLE the alleged price differential dustrial circles in Tokyo and Ceylon could adopt this at-
No recent example has done they would be glad st the Kobe mary Taiwanese disagree silude in exporting rubber to more to persuade the Canadian chance to sell at least some of with the present countries
that
were aligned authorities that British
Bamg
their pack in sterling countries. polley, ogainst
Commonwealth be fully competitive on en- nations because it did not belong ringt products if - ar, it to the UN. În splie of nal being
seems, they so rare- inember of the UN, Ceylon ly do they want the orders enjoyed ull the privileges to
badly enough to get down to a which members were entitled.
serious job of selling. He warned that by
Although the example given Ceylon rubber 30s in the UNO.1 electronic equipment, the same concerns a complicated piece of price pleture extends generally into the whole field of capital
Mr Jayawardene pointed out helped Ceylan to win her free dom. L seemed an irony of that this very fate, he said, rubber wouk! be use:l'against them.
The
сп
Bres
quarters
economic
the Taiwan This is probably a fair some Stressing that ple of the Canadian problem. economy is complementary
Domestic prices may now be the Japanese economy, Rome higher than corresponding U.K. of these
have the prices in many manufactured stressed-
importance of of having a goods.
large margin
that alt exchange with Japan, so major problem of
manufacturers Is Jupan will be compelled to In- small turnover. Although the port from Taiwan goods with site of the Canadian domestic which to make her manufactur- market fails short of the Idealed products. At present, 80 per rconemic run for many pro- cent
the total exports of Tai- The prime example of a deld ducts, it cannot
therefore bewan go to Japan. in which Canada cannot begin assumed that Canadian produ-
The China News" article ap- days before the UK. to compete with
cers and manufacturers cannot pears only a few
Chiang Kul-slick's thoroughly capital offer a
competitive General terms of prices is the goods field. This fact is known price in Britain and other special envoy, General Chang and recognised, and in Govern- sterling countries.
Chun, is due buck from Japun.-France-Presse. ment circles there is a certain rense of frustration that U.K. cent to total sales might per- Bems do not take more advon-mit
lose many
Meanwhile, employment pects and the economie future of neurs
half a million peopgoods. dependent on the rubber industry in Ceylon are in jeopardy. This the result of a survey carried out by the Rubber Contrul De- partment which has revealed that the greater part of the Island's rubber estates has pussed their prime and cannot be profitably worked much longer.
REPLANTING PLAN
tho
arca
taga of it.
total
chont
found
be
An addition of even 10 per
a quite considerable price Rubber Futures
cut.The Financial Times.
Monopoly To
Expire
130
Minister.
In S'pore
Singapore, Nov, 20. Prizes of rubber future: closed today as follows? Number 1 rubber, per lb.
December
January
February
103-110 United Press.
In terms of exports from A conclusion drawn from the Canada, capital goods can data produced by the surveys almost ruled out as a competi- that about half the rubber area ter in the sterling area.
CANADIAN TRIDER would
bo 10 5001 prove wou
which at The totul
The second case, uneconomic.
present first glance seemed to While demand for petroleum
In Total foreign trude by the under, rubber Ceylon on
a similar picture, was lumber. increased products has averaged three per U.S.
slightly in January 1 this year was 655,301
Bangkok, Nav, 20. U.K. With the end of the cent higher in 1952 than 1951, September
Number 2 rubber, December 12-27 The U.S. monopoly for the over the August acres,
Number 3 rabber, December this demand is below the pro-level, but remained under the
purchase of Thailand's rubber Number, rubber, December The area of rubber replanted Timber Control's contract with Canadian west-coast mills, the duction level.
rates of 1051 and the first half with high-yielding streins is
production will expire 01 Apot rubber, unbaled estimated to be only 8% per cent British Columbia timber mer
themselves, for December 31 and it is not yet Blanket crepe The log in trade
be No. 1 pale crepe known whether it will Br approximately of despite an increase in foreign acreage.
The other principal the first time in years, in open
The are well competition with Scandinavian renewed.
That
of Barnoy Majewski, President of military akt shipments from production countries
LONDON RUBBER at timber.
recently Economics
vonied the Chicago Great American O $100,000,000 in August to $244,- ahead of Ceylon in this respect.
within The dollar problem
rumours that Thailand would
London, Nov. 20, Out of the total acreage there Co, markeling agency, predicted 000,000 in September.
The rubber, market was irre- Tatal shipments to foreign
comprising defined limits was no bar to sell its rubber to Ceylon for re- are 321,000 Ecres trouble unless refineries cut back
ho countries increased from $1,074.-
neres their sples,
gular today. Prices closed as production. By trouble"
estates of under 100
to 300,000 in August to $1,217,300,- | belonging
The arst roaction was one of export to Communist Chiitu, 130,000 moant price cuta.
small
The Minister emphasised that follows: ----- not. holders.
sell Number 1 rubber, In pence his:
noi country would T. M. Martin, President of 000 In September.
Government proposes disillusionment. It
mero Lion Oil Co., producer-refiner,
September trade to subsidise replanting of such after all these years, said: "I don't like the looks of three per cent below the 1951 holdings and plantations which Government ukase which
vented Canada from salling thiaga. We're producing too monthly average and eight' per
under 300 feet in elevation, much oil and as long as it's being sent below the average for the The schome will require, re- lumber to the UK. It was Iumber produced it will be run through first six months of 1002.
planting to be undertaken with merely that Canadian
which was too exp
expensive. Total importe Increased from high-yielding strains refineries,
of yielding
was a drastic and al- Dr
C. Brown, $217,100,000 in August to $877,- would be capable Courtnoy
three times the present output together salutary director of Esso Standard Oll 400,000 in September. Co., sald today's over-production This was four per cont below of ordinary seedling rubber, & Economie forces, not arbitrary average and sum of Rs. 60,000,000 will be government actions, looked for is in part the result of world ex- the 1951 monthly
made available for the replanting a white like keeping Canadian bansion of the industry. Ho said three per cent below the average that excluding Russia some in the first half of this year.—
of 60,000 acres over a period of timber out of the British mar- six years-United Press.
Phot been, spent for } Ansociated Press. $25,000,000 hod
T
+
The
was
are
countries.--Franco-Presse.
pre-strategie materials to Comirunts, December
per lb.
March/JanuATY April/Juna July/September
change.
Flax Seed Price
United Press
US Lead Price Cut
New York, Nov. 20.
ROYAL INTEROCEAN LINES
*TEGELDENG" AVAN URUTAZ”
“TJ]WANGI"
"TASMAN" *TIPANAS“
SAILINGS
Nov, 1. Nov.
Jaun
Djakarta,
Semarang.
Muca pe Singapote, Datta
Surabala A AFANTA Singapune, Penang "A
Húrabala
Neukrane,
Bet nest
Sillatala
Aftira A. S. America Singapore, S. Aftini & F. Africa Singapurv. Takarta,
ቀን
Matty frien
Regtarang,
11es. 2
ive
10.
Djakarta, Semarang,
Mnessar
“TEGELBERG“
ire.
Sanita. iutapure.
*STRAAT BOENDA"
Dec.
"TIILUWAH"
10
Ucc. 14
Muralala, & Brassar
**TJITIALENOKA”
Dec. LA
Japan
*UYS** "TIKAMPEK"
"BQISHGVAIN" STARMAN" "TJIMENTENG" "TJIWANGI"
...THINODAR
"RUYA"
Dec. 20
Dec.
*
jakarta,
Senate,
Surabala
A
Macassar
Der
Dee.
ffee.
"VAN THEUTS7“
"KIILAWAI"
"TJIBANTJET" "TASMAN" STJIPONDOK"
*TJRWASH"
PETRAAT
MAKASSAR* PETJITUZLENGKA”
TAMENTENO" TJHUAN"
"1018SEVA INI
>
Jan.
Jan. 10 Fan. 24
▸
3501. Jauh ## J.LT 4.1
ונגונג
Japan
ונון בן.
Kingspate.
Jaltarf,
Húrabala & Macassar
Dinkorta
Macassar
Semarang,
Mania, Singapore,
arinatang.
#
Djakarta,
Mauriting, N. Allen 4: 2. Ämterlea
Kitaple, E. 5. Africa
Hingapore. mjakarta, Semarang.
Huzabala A Muenssar
daphn
Singapore, Penang & felawan Bell Djarta Semarang. Sura berka
Martesar
Burabata & "Macassar
Semarang
Jakarta, Matruho,
4. Aldra & S. Amerlea Manila, Singapuro 4, 5, Mrjes slugapurg
Jakaria. Semarking,
Súrabala & Macassar
Stingswire. 2fateArta
Feb.
2
Singapore,
Jakarta
Feb. 3 D Feb
T'eb. 11
Feb. 16
Japan
Singapore.
Mar
ฎ
Manila
$. America
ARRIVALS.
"VAN BEDTSZ" "TUWANGM
Nav #1 2R Nov.
Japan Macassar,
OTASMAN"
6
Japan
Mauritius,
- From
Surabalı, Diskarts & Kingapore
KING'S BUILDING, Ground Floor
Sentarabe,
TEL. 28015/18,
cHINESE AGENTS: 83 CONNAUGHT RD, C. TELS, 11196, 25135
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
MS. "LEISE MAERSK”
M.S.
"GRETE MAERSK"
M.S.
JEPPESEN MAERSK"
M.S.
JEPPESEN MAERSK”
M.S.
"OLGA MAERSK”.
M.S.
"HULDA MAERSK'
ARRIVALS FROM U.S.A.
Dec.
Dec. 16
9 Jani.
Nov. 28
Dec. 18 Jan.
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building.
Tel. Nos, 36065-9,
Bates and rotation subject to change without notice.
At liberty to proceed via other purte to load/disebarge carce.
New Liner
For Italy
New York, Nov. 20. With the addition of the Andrea Doria, new 30,000-ton luxury liner, to its feet, the Itsllan Line is offering 20 CX- press sailings between North and Mediterranean America ports in 1953. The maiden
of the voyage Anxires Doria will be a 17-day trip from New York lo Caribbean, sailing on January 30. The Andrea Doria will be the Line's new flagship.
American Export Lines, Inc.. general agents for the Line, said $2,000,000 will be spent for the modernisation the Vulcania. The job will be
ke
Italları
of
clone at Genoa and will take three months,
20 crossings take in voyages by the Saturnia, the Vulcania and the Andrea Dorla, and will provide a total berth New of 40,000 from capacity York for the year. For the Arsi time since 1939, Italia
lps will call at Piraeus,
April
Gost
New
Line
HONGKONG
SHARE MARKET
(From Our Correspondent);
Business done on the Stock Exchange this morning, amount- ed to $593,125. Noun quotations and the mornin's actions:-
traus.
BHARES BUYERS SELLERS SALES BANKS
HX Bank... 1415
Anka INSURANCES
Canton
Union UK Fire SHIPPING
Anta Nav... DOCKS, ETC. K. Whart Dock Provident
Sha Dock Wheelock...
the LAND, ETC.. end
ILK Hotel ..
Atheas, In port of June. Seventeen West-bound
enlls at Halifax are planned, and service to Algiers and Funchal, Madeira Islands, will be re- tumed. Associated Press,
LONDON TIN
MARKET
London. Nov, 20.. The tin market was flamer this morning. Turnover was 60 tons, including 60 tons tan Casil Prices closed at the end of the official morning serilon 3 follows:--
in. buyers
Spot Spot
in soilers
Business done at
'DONIS
971-003 Three-months tin, buyers 248 $49 › Three-months tin, sellers
Business done at: Sotament
-United Press,
JAPANESE BONDS
Smelters today cut the price Japanese bonds of 1000 hot
Now York, Nov. 20. Prices in the seeds and oils market closed unchanged with
of lend cent to 14 cents a the following exception
Flax Seed, per bushel, F.O.B. pound, New York' basis, follow- $4.31.-United | Ing the lower trend of the Minneapolis
London market. United Press. Press,
Lớn đòn. Now, AD.
1916) 781
100
243
300 775 7371 100 -149
1.00
1
20.30
19.80
54 2433K
·59 12.03
700 51%
300 44 50% 300 $2.
1000 53%
400
6.80 0.93 200 1000
250
FIX, Land (0) 07 RK Land (N) Shal Lond. 1,30
13.30 13.00
UTILITIES
Trum, 20.70 fitar Ferry
C. Init (0) 9.70
115
1000 0.90
C. Light (N) 0.40 6.50 Doctric
23.23.20 2300 Telephone. 17.30 17:30 600 INDUSTRIALS
Corricht .... 10.30 Hope STOIUS, ETC. „Cald. Mach.
(OM)
Dairy Watson
AN
22092
2000 @ 10.49
19.70-19.50 1000 25.30
1000 A
-33 34 COTTONS
EWD
2.30 MISCELLANE
Yangiato 1.00
Exchange Rates
เป็น ไท อ พn' done to the toen!" unoffiels! exchange inorning at the following ratest-
US dollar (per 1
market
of 1934) 100 (B*. of 1930)-102
United Prem
Stording nofa ther C11 JA Indonesian quifdars (per 100) 29,30 Blom tienly (per 100) s 18ngapore (Straita).. FIC Dinstres (per 100)
36,00
-18.35
11.725