MESSAGERIES MARITIMES
M
"FRY-HILL”
+"MONKAY"
"BREST*
Arriving
Jan. 24
traying
JAN. 28
.lah. ¿ ..Feb. #
Jan.
Feb. 10
For passenger and freight.
M
Outward For
Japan
gromaward For
N. Afcien & Europe
N, Afrien & Europe
For freight to Salgon, Marseilles, Algiers, Tangier, Casablanen, Havre, Dunkirk, Antwerp & Rotterdam...
Accepting cargo: ·
-via Marseilles toull Mediterranean & West Africa Ports. -via Djibouti to Madagascar.
HubJeet, To Change Without Notice.
CIE DES Messageries MARITIMES
P.O. Box 53, Hongkong
Tel. 26651 (3 lines).
'Queen's Building (gr. floor)
EVERETT
E
LINES
EVERETT ORIENT LINE Fast regulur freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Slam, Malaya, Rangoon, Calcutta and Chittagong.
"LENEVERETT"
Arrives
Sails
18 Dce. Dec.
from Singapore, 19 Kobe, Ilirohain,
Osaka & Kobe,
"NOREVERETT"
Arrives Saile
.Dec. 25 from Manila.
Dee, 20 for Singapore,
Yawala,
Penang, Calcutta,
B
• Rangoon
(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. "THAI”
Arrives Dec. 12 from Japan, Sails
Dec, 23 for Singapore, Port Swelten- hum. Madras, Colombo, Bombay, Karachi, Kharram shair, Basrah & Bahrein,
M.S. "STAR BETELGEUSE"
Arrives Sallo
Dec. 30 from Singapore, Dec. 31 for Kebe & Yokohama (Accepting cargo for transhipment Kobe/Fuzan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephone 31206. Chinese Department: Telephone 28293.
Federal
Reserve
Report
Wesblogien, Die. it.
US. money in circulation m creased $96,000,000 during the
HONGKONG SHARE MARKET
(From Our Correspondent)`
Business done on the Stock week ended Dec. 10, the Federal Exchange this morning amount- Reserve Board reported. Followed to $203,783.00. Neon quota ing in the text of the board's tions and the morning's trans-
actions; statement:
"During the week ended Dec.SHARES BUYERS SELLERS' BALES
The prin-
HK Bank...
1430
251425
7735
1.40 1.35
Union.
SHIPPING
10 member bank reserves de- nas creased $71,000,000, cipal changes reducing reserves INSURANCES were increases of $169,000,000 in other deposits with federal re- serve banks and $90,000,000 in
in money circulation. The prin- cipal ofsetting changes were increase of $109,000,000 in reserve bank credit and decreases of $74,000,000 in foreign deposits with federal reserve banks.
un
Ara Nov
DOCKS. LTC. K. Whert
N. P. Wharf 6.45
Provident Wheeluck
12
...
39
(Ita) 10:20
11
The increase et $100,000,000 LAND, ETC.
In reserve bank credit resulted
from increases of $271,000,000
ૐ તા.
100.45
000 ♫ 10.10.
THE CHINA MAIL, WEDNESDAY, DECEMBER 17, 1952.
Major British Export
compared
London, Dec. 10. Britain's exports of elec trical goods are expected to reach £210,000,000 In with 1952. £189,000,000 in 1851, manufacturers esilmato.
Electrical
exporta one of the biggest Belds In which British Indus-
(rialisis complain of man and Japanese
aro
Ger-
com-
are
current exparts running at about three times the level-by volume -in pre-war days--A330- clated Press.
Consumption
Of Rubber
On Increase
Pare 9
Planting ROYAL INTEROCEAN LINES
Drive Ing
Malaya
Worn-Out Trees To Be Replaced
Singapore, Dec. 16.
"TOISEKVAIN" STJIMENTINO" "TABMAN" "THWANGI"
"RUTE"
"TUHODÁS"
“VAN BRUTEZ" *TASMAN" "TJLUWAR*
WORLD PRODUCTION UP, The Malation Governin. TITULENGKA
tion a scheme which might | "THFONDOK" eventually cffer American «JIBANTJET" London, Der. 16. World consumption of natural rubber in synthetic the stiffest com- October at 130,000 tons was 12,500 tons more than petition from naturn] rub-
ber. In September,
The drive, involving the cut- and replanting of It was only the second time this year thatting down
millions of rubberland, Banker On monthly consumption has reached 180,000 tons, then due to begin on-Jath, 1, 1953.
Britain's Plight
:
London, Dec. 16. A. far wider audience than the 10,000 stock- holders of Barclays Bank (Dominion - Colonial and Overseas) is deserved by delivered by the speech
Julian their chairman, Mr Crossley.
Apart from giving an admirable account of the domestic affairs of the bank, Mr Crossley offered pitby summary of the plight in which this country has been placed by two great wars and two spendthrift Socialist Govern- iments. Everyone who has only for Britain's responsibility financial affairs should read Mr Crossley's words.
We
previous occasion being in March. An improve- ment in American consumption was the main
reason.
Production was also higher in October at 155,000 tons, a rise of 27,500 tons
September. Principal reason was a sharp rise in Indoncalna exports to 75,008 tona, against 31,930 in
stimulated by September, halving of the export duty on October 1.
4
Setting out the world rubber position, the Rubber Study Group that in reports Secretarial October Russia is estimated to have Imported 5,750 tons, and China 3,500 tons.
U.K. Steel Output A. Record
London, Dec. 16. Steel output last month For the first ten months world. beat all records. At the rate production of natural rubber was of 17,951,000 tons a year it 1,445,000 tons, while consumption surpassed by a big margin was 1.200,000 tons, including esti-
up mated Russian imports of 103 500 the previous record set
Chinate imports of two years ago before output tons and
began to fall of because of 18,000 tons.
the shortage of scrap and other materials.
arcas
|
An upsurge of industrial duction is now expected,
Much of Malayn's rub.erland 1 part the stage of normal pro- duction.
Re-
In a broadchat -falli, A. C Smith, chief replanting officer of the Rubber flustry Planting Board, rald:
"We maintain that
a good measure of
for ell prosperity producers can be achieved by producing more rubber cheaply and selling it at lower prices.
"Not only can they obtain the Income under these cenditions, but the uses of rab- ber will be greatly expanded if I cun be produced and sold
is even cheaply. This important now that natural rubber has to compete with the American synthetic product," le declared.
ine lotaהא
more
And the backbone of the scheme is the replanting of old
rubler trees worn-out high-yielding varieties,
with
GIGANTIC SCHEME
Smallholders who now tap no more than 25 pounds of latex per acre from their worn-out pro-irees will be tapping three, four and five times that quanti- ty from the high-yielding rub- ber.
Millions of dollars will have be spent on this gigantic But the money has been put by over the years. It was pald by rubber exports in form of cess to the Govern- ment.
STOCKS DOWN World stocks of natural rubber only one year since the
on October 31 aggregated 757,500 war, Mr. Crossely said, "have
The scarcity of steel end the tons, comprising 230,000 tons in paid way....We have not been on the road to recovery; producing areas, 312.500 tons in recession in textiles caused the (excluding output of British Industry to fall consuming have been contrary, we
to on the
which Guvernment-held rubber), and in the first ten months of this following 1 course
215,000 tons afloat.
scheme. Since year to 3% per cent below the encrunches further cach year
In January 3 last total slocks have 1951 level.
This decline was checked in fallen by 55,000
production. October, when estimated to have been back to what it was last year. used to modernise
Some of the extra steel will be British in-
to
a
These
.י
i
More steel for shipbuilders is expected in the New Year, and more fp: the metal-using indus- tries, under Government pressure to expand exports.
EXTRA PLANT
It is hoped that before long this need for steel rationing wili Mappear,
The spectacular rise in produce tion i due to the industry's
£300,000,000 development plan started in 1948 and to be com- pletes next year and measures taken to overcome shortages of materials,
upon our slender reserves,” 1946 our gold and dollar reservez stood at $2,000m:"now they gre The Indonesian export total for the October of 75 808 tons raises to reduced to
And in the to $1,085m.
aggregate for 602.082 tons the rebue meant from
our overseas liabilities 602,082
ten months of 1952. the first. £4000m. S have reaso
held back in Septem- was figures
Rubber £0,000m.
ber, warn exports were unusual-dustry, and the Government have should be read by those thought-w at tnly 31,039, tons, in arted to issue mere building less optimists who have been whooping over a modest, though anticipation of a big cut in the licences for new factories,
in our gold export duty. The duty for the welcome, Increase
be final quarter is more than halved dollar reserves. Let it be and
at 10 Indonesian cents, against 41 membered
that a minor re- remembered
the third quarter. States cents in in the United cess:on
It is now thought that for 1952 might exhaust these reserves in
exports as a whole
may be Britain is very short time,
tons, compared around 720,000 still in the midst of its Kravent
with 704,000 tons in 1951. financial crisis in history; never-
SYNTHETIC OUTPUT: theless, we are spending more. today than we did last year,
World production of synthetic NO-VIRTUE! Whet
69 600 tons 3. reasons. Mr rubber rose to are the
for Britain's October, against 65,525 tons in Crossley asked, plight?
A rigidly high cost September, making 740,500 tons he declared; n control- for the ten months. structure, he
which breeds ridden economy
Consumption of synthetic was the highest in
Most of the new ricel-making any post-war. waste and extravagance, and n
which month at 80,000 tons, the previous plant is now in operation To political atmosphere
being 77,500 maice good the shortage of scrap axation is treated as if it were highest this year in March. tona
In the ton the industry stepped up the out- of "This question
months 732,500 tons of synthetic put of pig iron by increasing the taxation,"
and went an, Mr Crossley
"is were used. Stocks of synthetic production of home dre
the world for new fundamental lo our problem on October 31 were 157,500 tons, searching
gain of 15,000 tons since supplies. today."
often held that taxation cannot be reduced January 1. without encroaching - upon the In Washington, a spokesman and that that is for the rubber division of the welfare state, politically
Imperalbic. It Is Reconstruction Finance Corpa-reported that a period of greater Crossley
rvested. tion has denied rumours that stability in relail trade appears to suggested. time, Mir That
ruters out
considered,
is planning to have begun. the corporation economically cut production of synthetic Instead, what is possible. "There may be nothing rubber.
"There is nothing to it at new," he remarked, "about the
"In all," he said..
fact, wie concept of the welfare state, but
intend to increase our production there is surely something novel
and in the idea that it can be free of synthetic in January of cost to the individual. A February. This is well known." bold spirit Is needed to attack thas formidable facade....The abolition of one Ministry or set of controls will lead naturally to the elimination of athers, until the giant structure is deflated." -The Financial Times.
a positive virtue."
is
Coal Mine Project
HK Hotel.. 7.05 7.20 2000 62 7.20 | mining insecurity
TIK Land (0) Soal Land Humphrey
ni UTILITIES
In US government securities and $161,000,000 in loans, counts and advances, and
feat. in diberense of $322,000,000 Holdings of US government securities reflected Inercases cf $240,000,000 in bis and $24,- 000,000 In certificates, and a decrease of $2,000,000 in bonds." -Associated Press.
EASING OF BAN PLANNED
500 * 7 55 おつ 11.30 1000 on 15 .13 13.0
Tram ** Star Ferry .: 118 119 C. Ligi (0) 91% 9.35
ia
Agency
Manila, Dec. 15. Philippines coot resources wil be topped soon by American and Philipino engineers as part- of a project to develop the cool
Mutual (MSA) funds-$11,750-coded for the initial survey work have already been released by the Unitid Philippine Courell for States Ald (PHILCUSA) to the Bureau of Mines.
Drilling equipment to be used
Grain Prices
In Chicago
Now York, Des,' 18. Chicago grains were generally lower factionally. Wheat closed 16 to 42 lower and soybean
were to
There is good news, too, from the shops. Sales of consume: goods began to pick up in October, arta the Board of Trase
American Foreign
Trade Policies
Washington, Dec. 16.
The
away
As producers begin chopping away acre atter care of their maliholdings and estates, they can apply for grants frem the Government to pay the labour- ing costs and make up lost in- come.
Replanting officers, all of them are to be posted in experts,
and settlement. every State They will have trained staffs under them, who will advise producers.
Every producer, large and small, will have lo conform to the scheme. It is a law which, under the name of the Rubber Industry Replanting Ordinance, 1952, was passed a short while ago--Associated Press.
The Rubber
Markets
Singapore, Dec. 16.
Prices of rubber futures closed- today as follows:- Number 1 rubber,
per ib. January
. February
March
Number 2 rubber,"
January Number 3 rubber,
January
Number 4 rubber."
January
Spot rubber, unhaled Blanket crepe **** No. 1 pale crepa ......
BAILINGS
Dec. 15. Den
Jason Expan
Jan. Z
Japan
slagspore, Djakarta,
"Murobala da Macassar Manila. Singapore,
Bammarang,
Vijakarta,
"Atauriline, 8. Attica & 1. America Djakaria „Bemarang, SuraBala 2
Macassar
Singapore, Heunion & tir. East Africa Hingapore. Penang & Belawan Belt
Bingapore, Djakarta, Bemarens
Hürəkata & Macneint Singapore, jakarta,
B. Atiles & A. America Diskarta Seinarang.
storninar
Japan
Blakepore. Djakaria.
Surebala & Macassar
Japan
Гарад
Mauritius
+
Borabala
Bematang
Djakarta, Romarang, Surabalaa
Macassar
Зал 19 JAN. ES JAN. LE
Jan. at
Jon. 23
"THWANGI"
"TARMAN" "STRAAT
Jan, Feb,
T'eh, 4
26
BAKARSAR'
Frb. Feh.
Feb. 10
Feb, 11 Feb. zz
Feb. 23
Feb. 23
Mar. 1
"STRAAT BOENDA" Mar. 4 **TJSADANE" "TJILUWAN" TASMAN”
KSAT.
Mar.
Mar, 10
10
Japan Japan
11
"TJIKAMPEK“
"TJILUWAN"
*THIMENTENO" "BOBSEVAIN"
“TJJBANTJET"
"TASMAN" "TJIWANOF
***TJIMENTENO“
"B018SEVA,***
ARDIAN" ATHWANGT
Singapore, Djakarta. Semarang,
Surabala & Macassar
Mantia, Singapore, E. & 8. Africa Singapore Bjakatia, Mauritian,
8. Africa & 8. America Djakarta, Beinarang Borabala
Macassar
Singapore. Penang & Belawan Dell Djakarta, Singapore,
surabala MT
BERATADE,
Singapore, Djakarta, Semarang,
Surabain & Macassar
Japon
ABRIVALS
Dee, 23
Nec. 24
Dec. 20 Der.
From
B. Atrica, Mauritius, Djakarta Singapore
H. Amarten. 8. Airtex, Mauritius,
Singapore & Marilla
Penang, Belawán Dell & Bingaporo Macassar, Aurahala, Remstang,
Bjakirin & Singapore
TEL. 28015/18.
KING'S BUILDING, Ground Floor CHINESE AGENTS: 82 CONNAUGHT RD, C. TELA, 31106, 26133,
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA vis BAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S. "GRETE MAERSK”
*M.S.
"JEPPESEN MAERSK"
M.S.
"ULGA MAERSK"
• CALLING
VANCOUVER
ARRIVALS FROM- U.S.A.
M.S.
"OLGA MAERSK”
M.S.
"HULDA MAERSK'
M.S.
"TREIN MAERSK”
Dec. 18
Dec.
20
Jan. 18
Dec. 19
Dec. 31
Feb. 4
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building,
Tel. Nos, 86066-9. (
Dules and rotellan subject to change without notics,
ki liberty to proceed via other parts to load/discharge cargo,
804-19 PENINSULAR
-401-4
2014 - 31
804-3
78-30 104-100 United Press. NEW YORK MARKET
New York, Dec. 10. Prices of rubber futures closed today 30 to 70 points Jower with sales totalling 50 contracts. Prices closed today as follows:-
March
May
July
September December
March
Spot
| Repúblican leaders agree that the new Republican Congress will extend the new reciprocal trade programme but
possibly lower. Prices with tight new restrictions. closed today, as follows-
Top-ranking Republican mem- bers of the House Ways and Wheat-price per bushel
2.30% nominal Meana Commitice said there 2504-4
that the pro- rie question but 2.311-2.37
granate will be continued bo- February
March yord June 12, 1953, the expira- January/March tion date,
April/June July/Beptember
Spot December March May July September
Corn. Spot December
· March
May
auty
September
December
23 22.20-700
21.00
0.30
1.30
by the survey team arrived ne-
March
cently from Korea.
Experts estimate
tat
C. Light (N) 6.20 Electric ....2320 2340 800 23.40 231 23.40
INDUSTRIALS
Coment Nope. STORES, ETC.
Dairy
Macao Elec Tulephone
+
11.20 (nis) 3.50 4.10
18.00 19.10 ZO.UV
· 10
18.59
19 2500
200 6 18.90
15
Watson COTTONS
Ewo
21
245 233
Bangkok. Dec, 15. Thal The
Government
exportation planning to case the ban on dried animal ildes and Jumber, ometat sources indicat- cxl.
the
Lining of the ban was pro- posed recently because supply of thèse commodities has up with internal demand. Exportation of the items been deemed desirable
18.00
Exchange Rates
Business Wał dono in the local
Exchango MEIKOT has unofficial
morning at the following rates by V.9. dollar, (per, #1) Government economic officials Sterling note for 'K11- becouse it would increash the in- Indbursibh guillers (per 100)!..
[flow, of ', foreign
United Press,
currencica.---
Biam ticals (per 150) Bingspore (Stratto) TIC piastres (per 100)
20,000,000 tons of untapped coal He in the Philippines, particu larly in Cebu Island.
MISA has carmarked. $158,000 for purchase of modern survey equipment from the US,
for
the coal development project. Other appropriatices will come from a $25,000 counterpart fund.
Associated Press.
Osta December March
2.40-3 *2.30-
2,43
-United Fres
LONDON TIN MARKET
London, Dec 15..
Mr Sinclair Weeks, Boston
4
manufacturer.
Secretary of
President-elect
who will
Commerce
Cabipet, gave sorbe
be
Eisenhower's.
indication
thunger would be made.
l
bald: We must not
Larry the reciprocal trade trébiles to a point where they have: damaging
BQUIS NOS
ARABIT
& ORIENTAL
STEAM NAVIGATION COMPANY
R.M.S. "CANTON"
29.40 SAILS:
24,50
27.80 21,30
NOTICE TO PASSENGERS
The
rubber
United Press.
| BAGGAGE: LONDON MARKET
London, Dec., 10. market quietly steady today. Prices closed as follows:-
was
Number 1 rubber, in pence
per 1b.
2014-34
January
2013-34
26-2014
20-2012
2474-23
United Press.
Approval Given
To Exports
Manila, Dec. 16:
FRIDAY the 19th December at 12.00 Noon for the UNITED KINGDOM vin Straits, Colombo, Bombay, Aden and Port Said.
ALL passengers baggage must bo sent to the Hongkong &. Kowloon Wharf Co.'s Godown at NO. 2 GATE, CANTON ROAD ENTRANCE by NOON on THURSDAY, 18th Decem-
1962.
ber.
SPECIAL NOTE: 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. BAGGAGE COOLIES WILL BE REFUSED ADMITTANCE TO THE WHARF.
effects An Shipment of $145,000 worth EMBARKATION:
American Industrial products."
of embroidered
"escope" called
materials to
the
Government export
Also approved
ol.
He added: "You can't keep New York has been approved eutung tariff's It affects great | by Industries," and said he favour-control committee. Edy the
were exports to Kobe
(Japan), hemp clauses ino trade agreements.
The
Récipiocal.
piscal Trade Agres- Rotterdam (Holland), Durben mans Act, initiated by the then (South Africa), the U.S. and Secretary of State, Mr Cordell London; mother of pearl shells Hull
Ad to Los Angeles; tobacco leaf to grants the
enter Antwerp. (Belgium). --- As- ministration authority to
bociated Press. an agreement with!
la 1934,
The Un runrket was "caller shill batione:ta;lawar, import S
JAPANESE BONDS og Turnbye was 230 on The idea behind the programme
65 tone for cash in ita: initial planes
help Prices closed at the end of the relieve, the worldwide depres bilistal moralag Heron Bon by miliding up commerce
London, Dec.10. Japanese bonds"/
"A" (45. of 188by "B" (48. of 1810) 70/ **CH (5%. of 1007) "D". (88. Of 19345:
0.007
Consols
13012
Kolows
0841710ür'ness Cons.
United From
Flettlement
·
Cotton Purchases
Cairo, Doc. 10. The Cabinet today, authorised
ANDIES Oween this whions, in the last i the: Finance Ministry, to pur
040-25
Press
few years,, spokesmen, for, some chose the balance of last year's domestle industries
have
cóm- | cotton, stock, from htråders, 11- that the low import | they want to soll. This ja in adr plained duties, were making it Impos- altion to the entire colon crộp sible for them to meet foreign this year, which the Govern- competitionUnited. Press, mentris buying United Press.
Will take place on FRIDAY, the 19th December, 1952 between 9,30 n.m. and 11.00 a.m.
BUSINESS REGULATION ORDINANCE 1952
Copies of the prescribed Forms (a) (b) and
1(c)}
Now On Sale at S. C. M. Post, Ltd. HONGKONG AND KOWLOON
TEN CENTS EACH ⠀