MESSAGERIES
M
"FUY-MILL”
"MONKAY”
"BREST
Arriving
THE CHINA MAIL, FRIDAY, DECEMBER 19, 1952.
Be Extended?
Defence And Budget: ROYAL INTEROCEAN LINES
MARITIMES Barter Pact To Defence
M
LEAVINE
•Jan. - 24.
201
Jan,
.Job, 1
Jan, 3 Pub, 10 Feb. 15
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:
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Dec. 21 from Singapore,
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Osaka & Kobe,
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Dec. 20 for Singapore, Feriang, Rangoon & Calcutta,
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Swedish Aid For Ceylon
Colombo, Dec. 18, Pre-fabricated housing has been given special attention in a trade agreement reached be- tween Ceylon and Sweden.
HONGKONG
SHARE MARKET
(From Our Correspondent)
Business done on the Stock Exchange this morning amount- cd to
$260,789.40. Noon prices
moryding's the
Sweden is one of the pioneer and countries in the development of actions:**
*
trans-
Tokyo, Dec. 18,
The Japan - Red China Trade Prometion Connelź Is to propose a six-month extension of the current $10,000,000 barter trada agreement with Peking...
The agreement; aigned in June expires on December 31.
long have transactions No been recorded under the barter agreement which went into effect on July 1. The Trade Counell will officially. present
bosal to the Chinese Com munist Government after Its conference olt Dooem. ber 16-France-Preme,
Anglo- Japanese Talks
To Be Postponed
Till February
Satisfaction Over Cut In Arms
Output
London, Dec. 18, Mr. Churchill's statement on changes in the defence programme confirmed what had already been expected, declares the "Financial Times."
་
Expenditure on production is to be cut in volume-though the cost will be about the same next year as it is this year.
Part of the cut is to fall on the aircraft Industry where, in Mr Churchill's own words, "it is better to slow down production of weapons which are being superseded by new and better types in order to be more ahead later on."
no further
Part of it is to be mado effec-|There must bė tive by stretching the existing switching of resources from ex- planned programme still farther ports to defence and back again. into the future.
Con.
Apart from this, however, the From the point of view of statement should give Industry some of the effect of siderable satisfaction, since the these changes will be neutralised policy which it embodies is by sales of arms to our allies; in plainly the only sensible one. It
could not have becn a more important senso they will release
under any resources for the expan- different,
other alon of exports.
Government.
any
The balance of payments, to While it settles the policy of quote Mr Churchill again, has the rearmament programme, been not "a decisive but at any however, it opens up in a new Tokyo, Dec. 18.
rate an important factor" in de-and more serious form the re- Anglo-Japanesetermining the changes. Though inted problem of Its Anonce. trade talks for the exten. it is foreseen that the result of Mr Churchill gave figures for sion of the existing pay. these cuts in
programme
me the cost of the defence pro- ments agreement would be ma
some cramme which seemed to dispose
Format
be 10
the ce
Austrian Hopes For Trade With Nationalists
Talpel. Dec. 18.
Herr Carl Bableter, head of a Ave-man Austrian
economic
postponed until around Feb.nemployment, the Government of any Hope that the Budget can and trade mission, envisages a
ruary in Tokyo, sources clogo to the Japanese Goy- ernment predicted tonight.
The samo sources said that the postponement would be made in order to know before the talks the results of the recent British Commonwealth Ministera'
con ference and the proposed meet- ing between Brilain and the United States over Sterling con- vertibility.
In the meantime, however, on informal exchange of views will
id beginning from be held
next between the two countries week be on the relaxation of the import restrictions
enforced
Japanese goods by the Common- wealth natioris.
Although the current agree. ment expires at the end of this month, the fundamental Issues will remain
anth pending February-France-Prosse.
CRISIS PREDICTED'
Osaka, Dec, 18. Local financiers prodjet na Industrial crisis from January to March next.
The Osaka Chamber of Com merce and Industry warned that crisis was now creeping
Into various branches, of" in-
dustry slowly but steadily.
It pointed out that loans bad 1-asked mainly to cope with been a growing piles of unsold goods and for expanding business Apparently less affected, how- ever, were the steel and electric industries. **
hopes that this will rapidly be taken up in expanding exports. *****THE CHANGES-
Industry might have hoped for some clearer Indication that the defence
programme is
now firmly fixed, as far as it is humanly possible to do $0.
CEYLON'S DOLLAR
EARNINGS
-
bd relieved to any significant extent by these changes.
TO BE INCREASED
Mr Churchill said that out of the £1,462m, at which the cost of this year's
defence programme was originally estimated 2000m. was needed for defence produc- tlott.
flourishing trade between he country and Taiwan being de-
wwwpe, und hopes that such a
commercial relationship with Talwan would mark the turning point for the resumption of normal relationship between Nationalist China and his coun- try.
Herr Babieter, Counsellor of Both these figures will have the Austrian Ministry of For-
to be increased slightly to in-cign Affairs, revealed this when *clude the supplementary es timates which have still to be presented and the cuts In the production programme will do no more than hold the cost of production at or about this year's level.
If there is to be any not saving on defence, In terms of finance, Colombo, Dec. 18.
It will, therefore,ghave to conté Ceylon's dollar, carnings have out of the rest of the programme dropped by nearly 50 per cent from the cost of maintenance
and pay. to Rs. 53,548,046 for the first 10
Was made clear, however, months of this year from Rs.
great reduction in 96,011,580 in the corresponding that no
numbers can or should be con- period last year.
Caylon's Income from rubber templated-in fact, the armed 10 months of this forces commitments show no for the first year has also dropped by Ra.sign of being reduced; and the 184,000,000 to Rs. 308,000,000. trend of maintenance Rubber (etched Rs. 402,000,000 always, upward. for this period last year.
According
to the October customs returns rubber exporta to the United Kingdom, which was Ceylon's best buyer up to about the middle of this year, show a very steep decline.
The drop in the earnings from the
United Kingdom is Rs. 76,000,000.
Rubber exports to the United In-Kingdom for the first 10 months of this year were 20,669,809 lbs. valued at Rs. 54,129,119 while for the same period last year the exports were 52,877,623 lbs. volued at Rs. 130,348,677.
Hardest hit are the smaller businessmen who arc
creasingly depending on illegal money lenders because of endi shortage-France-Presse.
PRICE ADJUSTMENT
Tokyo, Dec. 18: The Government will enforce a special fron and steel price adjustment system in the forth- coming fiscal year to supply these metals at prices corres ronding to international level, Mr Taigi Ashizawa Director of the Mitt Heavy Industry Bureau, told the International Trade and Industry Committee of the Lower House yesterday.
Mr Ashizawa revealed the system was originally aime at lowering prices of ships built for abroad but it would also boneft heavy industries.
Exports to the United States during the first 10 months of
this year
WCre
costs is
ÁN ACHIEVEMENT
Even if there should be any saving in this part of the rearma- ment programune. It will almost certainly be offect by the cost of the army in Germany which after June 30 next year will fall wholly on the British Budget. In 1951-53 the cost of this army was running at around £150m. and it has almost certainly risen since then.
Mr Butler has promised that the defence estimates will not escape the special scrutiny to which he ∙13 subjecting all estimates for 1053-54.
Indeed, he has spoken as 91,070,385 lbs. though they may be expected to valued at Rs. 53,548,040 com-ba pruned with especial severity. pared with 39,461, 223 lbs valued at Rs. 86,901,580 in the same period last year.
While rubber-exports to the United Kingdom and the United States declined; exports to China keep mounting, China, which is
best now that
Ceylon's
buyer, purchased 46,320,191 lbs. this year paying Rs. 03,231,050. October her purchases. 3,842,000 lbs. for which she paid Rs.9,510,523,-United Press.
The shipbuilding programmo for the coming awal year In- cluded construction of 300,000 tons for domestic use and 200,- 000 tons for foreign use,
This would require between
pre-fabricated housing to suit BHARES BUYERS BELLENS BALES 300,000 and 350,000 tons of roll- modern needs and
economised
Пов
on the cost of BANKS-
buildings for Including purposes, Sweden
Constructing various
hospitals,
has
HK Bank ..... 1410 1430. INSURANCES
Union now
....... 777! agreed to provide the necessary SHIPPING technical
aid to Asks Nav A Ceylon,
One of the first publle institu- DOCKS, ETC.
advice and
tions which will be constructed out of pre-fabricated materials will be the Colombo South Hospital for which estimates are now being worked out.
M
1.40 1.00
NP Wharf 645 6.05 100 Prevident.32.00 132000 12.000 500 12.00 Wheelock 30% 000 30 Wheelock
1000 @ 10.00 (614) ..... 10.0.
LAND, ETC.
FK Hotel IIK Land (0)
Humphreys..
Sweden has also agreed to grant all export facilities for shipping ten chests to Ceylon. She has also undertaken to maku avaliable experts and advisers UTILITIES from Swedish private institutions and enterprises In
connection with development
projects in Ceylon.
An assurance has been given
that Swedish exporters whi make cfforts to increase their deliveries of machinery, tools -mining,
and
velopment for
dustrial, platis.
TERIO
F. Tram (0) Gar Ferry C. Light (0) Light (N) Electric
1
1000
7.70
50.
131%
22.30 22.30
Telephone 10.10 Tel (RM) ..
JA INDUSTRIALS
and electrical and for now
in
Sweden is interested in Ceylon
products such
as tea, rubber,
rubber latex, copra.
Cement ... (16.00. Hope
STORES,
· Daly
-Waticien ;
cocoanut COTTONS
Ewo
13.50
20.70
1000 19 is
ed steel.
The system to be enforced is to buy rolled steel for ship- the International building at
priceFranco-Press.
DECLINE IN PRICES
Tokyo, Dec. 18,
Shortage Of Bricks In
In
were
Nevertheless, in the light of these figures, it
it looks as though it will be an achievement if de- fence expenditure in the Budget of 1053-54 is kept at the overall level of that for 1952-53-a level incidentally which already took account of American aid.
STABLE COSTS
It seems very much as if the Chancellor will be faced with stable defence bosta, rising social service expenditure and "falling revenue,
a
senior
his mission met with members of the Talpol Importers and Ex- porters Guild to exchange views
The establishment of trade, for the between the two countries.
Herr Tomiciak, official of the Austrian Ministry of Finance, said that his coun- try was in need of such Talwan products as orange pect, citro nella oll, pepper, tea and canned foods. Taiwan siger and fea- thers werp suggested as possible items which might find a mar- ket in
Austria, especially the latter item, which Austria ia now importing from Australia.
„Tha-other- three-members of the mission, representing Aus- trian Industries, offered Aus- trian steči,'
eicetrie apparatus, medical equipment. and chemicals to the Talwan importera
mission arrived here last week for a 10-day survey to explore the Taiwan market. However, nothing tangible has yet been decided.
The Austrian trade mission proposed at a meeting, yester- day that a triangular trade could be worked out, by which Austrian machinery" would" be sold to Talwan Importers, who could re-sell them to other destinations.
The mission is to leave Tal- wan at the end of this week for Bangkok to continue on its worldwide France-Presse.
Survey
tour.-
Stuck With
Japanese Textiles
Singapore, Dec. 18. Many Singaporé textile dealers who imported about S$1,000,000 Not only will ha have to try to worth of Japanese cloth for re- make the best of these extremely export are finding difficulty in awkward, materials, but he will disposing it due to dwindled do- probably also
have a Budget mand from
Thailand defeit to close as well.
and othe Indonesia; coun
"RUYS! "DUJESEVÁTH "EJIMENTENO"
TAIMANTM **TJIWANGI"
"BUY"
PEJIDODASM
"VAN HEUT "TABBÉAN" "TJILUWAU"
"STRAAT DA
Jan.
· Tan)
SAILINGS
བདས མ བབ 1:ཀྱི སྐ - " ུ ཝཿསྒྱུ སྒྱུ སྣུས
ZADAR
Singapore, Djakarta,
Hirabata & BlacasiARE Manila, Kingapore,
Samarang.
ATACRUILE
Djakarta,
Bemarang
Djakarta,
Muradila klacassar Singapore, Bjakarta,
Semarang,
Maurition,
8. Affles § §. Amerles Djakarta Sematang, Buzabnia
Japa
Singapore,
Borabila & KACAMAT
Japan
Djakarta, Remarang. Surabala
Misrassie
Singapore. Diskarta. Semarang,
Surabala & Macarar Manila, Bisgapore, K. & 8. Africs Bingapore, Djakarta, Mauritiu
B. Aftlex & B. Anterica
Djakarta,
Klamritus, &. Africa & §. America
jakarta Betsarang, Huesbala
MACASEY
·
JAR. - '14-
JAD.
Jan.
Singapore, steunion & Dr. East Africa Bingapore, Penang & Belawan Deli Singapore,
“TJITJALENUKA”
Jan.
22
“ŢIIPONDOR"
Jam
*TJIBANTJET"
#an.
"TJWANGI
"TABMAN"
Feb.
MAKASSAR "TJIKAMPEK"
Feb.
Feb.
"TJILUWAN"
"TJIMENTENG" "BOISREVAR"
"TJIDANTJET”
"TASBIAN" "TJIWANGI".
Feb.
Fab 1x
Feb. 22
Feb. 23
Djakarta, Semarang, Surabala
Macassar
A
Fab.
blar.
Bingapore, Penang & Bolayan Deli Bingapore, Djakarta. Semarang.
Зарад
Mar. 10
Japan
}
Singapore,
Djakarta, Remarang,
Mar. 17
Заран
"STRAAT BOENDA" Mar, "TJ18ADANE"
"TJILUWAII"
*TABMAN"
建
#TJIMENTENG"
"BOISIEVAIN"
Dee.
Dec. 27
Dec. #7 Dec. 29
"TABMAN *TJIWANGI"
1
Burabala Macastar
Buzabala & Tacosar
ABRIVALS
From
Africa, Mauritius, Singapore
Djakarta &
8. America, B. Africa, Mauriclur,
Biorapoio & Manin
Penang. Belawan Dell & singapore Macassar, Aurabala, Semarang,
Djakarin. & Şinapore
TEL. 28015/18.
KING'S BUILDING, Ground Floor CHINESE AGENTS: 82 CONNAUGHT RD, C. TELS. 31196, 26138.
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK. BOSTON, DALTEIORE & PHILADELPHIA via BAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS-
M.S. "GRETE MAERSK” *M.S. "JEPPESEN MAERSK”
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A
ARRIVALS FROM U.S.a.
• CALLING VANCOUVER
· M.S.
M.S:
"OLGA MAERSK" "HULDA MAERSK”
M.S. "TREIN MAERSK”'.
Dec. 20 Jan. 2
Jan. 18
Dec. 20
Dec. 31
Feb. 4
For Freight and Further Particulars please apply to:
AGENTS:
JEBSEN & CO.
Pedder Building.
Tel. Nos, 86066-9,
Dates and iotation subject to change without notice.
as liberty to procźed via other" porta to load/discharge cargo.
Allocation
Of Metals
Accepted
Washington. Dec. 18.
AFGHAN TRADE AT
NEW HIGH
Karachi, Dev. 18. Copper, Zine and Lead Com- Afghanistan's foreign trade In mittee of the International transit through the Pakistan port Materials Conference (IMC) of Karachi has hit a record high announced that the member of Rupees 140,700,000 for the governments have accepted its first nine months of 1952, Import proposal for allocation of cop-statistics here show, all
transit trade The allocation is subject to here review of the supply and domand
W113
only
114,700,000. During the nine-month situation at the end of January landlocked. Afghanistan
per for the Arst quarter of 1853.1951, Afghans
to ascertain whether the alloca-
tion needs to be continued for the remainder of the quarter..
The Committee said that the
reported: for, the":"Arst, quarter
availabilities but that there has bcen
It is becoming more and moro | tries, according to the British- clear that the central domestic owned newspaper, Singapore requirements of primary copper Britain problem which the Government Free Press, today.
faces is that of bringing public
For
of
l foreign cowitriles through Pakistan goods worth Rupees 62,500,000 against Rupees 08,000,- 000-in
a similar period of 1951. time rose to Rupees 58,200,000 Imports to Afghanistan in this
Afghanistan's principal
Expata under the same Trade Advisory Panel'has | continue to exceed the estimated from Rupees 48,700,000,
for
their request Im.. that which mellate sale of the goods. Ir. London; Dec, 18. Britain's housing drive given has been imposed on privato Malays but has recommended to a big spurt when the Conserva- expenditure. Without that none the dovemment that they may of the improvement that, the be allowed for sale in the local tivo Party won the 1931 general
on as of the 1953 quota for import of election on a platform stressing veramente financial policy has market 30 days after the issue quicker housing programmes achieved can be looked is going so
concludes. running out of bricks.
Builders have pushed them- for selves more than the men
making Bricks.
The price of major commo- dities in Japan generally went down nearer to the American level in October, according to a survey condicted by the Econo- mic Council Board.
The disparily became norrower in October for Iron and steel
it widened more while textiles and chemical products,
The Japanese price of pig- iron dropped from: 1.40 times the American price. In Septem- bdr to 1.42, ricel sheets from 201.63 to 1.89, Bicol bars from
1:1,15 to 1.13,
went
por.
Dro
exTM
noticeable caring of the ports were raw bides and skinis copper market in resent months worth, Rupees 49,400,000; fruits Only primary copper (blister and vegetables, Rupees 18,800,- and refined) is Included in the 1000; raw cotton, Rupees 7,700,000: raw wool, Rupees 3,000,000 and distribution.
WOO! manufactures Rupees 2,000,000.
Cotton plecegoods was
The Committes omred to con-
Well the nation i- ! lagting; the. "Tiaancial Timer". Japanese texilies. intended Itimun the arrangement by which
"As a
a result, brick stocks now at the all-time low of week's ↑ 123,000,000 about supply.
More Steel
|
The Panel piso that the goods be set off against the 1983 quote due to individual firms concerned.
The Govermisht is consider alterated Ing the recommendations,
It was announced last week used by it." that. Japanese textiles-worth 9330 milion would be allowed into the Colony during the first half, of next year--Neuter.
...
metric tons is as follows: running at For Industry
LONDON TIN MARKET
London, Dec. 18. The tin market was firmer
Brick output Ground 822,000,000, a month, the Japanese prices of silk rayon
highest alnico, the war, but until yarn and cotton yarn
recently builders
Washington, Dec. 17. were down
ving bricks further below the Ameri
The Clovamment today ins faster than they can level. Hayon dropped from could be produced,
creused the stoel allotments for 79 per cent of the Amoriettrs":
Current cold weather is likely car makers and bihty elvilian price in September to 76: and"
to slow down building: operations goods manufacturers to 70 per cotton park from 91 to 70 --owing to snow and rain. But rent of pro-Koran levels in the
second
of next year. quarter of cent-France-Pressé, f/2
GRABAYA brick production may be cut, Toallatmente "wore: INE Unbaked bricks cannot be largest since the Government be beg
Faliobins scarce material LONDON RUBBER stacked in the Open "during A. to Industriapu, after the start
London, Dec18. frost, which destroys the quality of the Kordan was to ruske sure this morning. Turnover was 30 The rubber market was allet of the clay. And many brick there were adequate supplies including av tons for ly steady, today. Prices clossi Acids have no protected, place, to for auferice Negen in cashed Prices cloded at the end df the official morning sessioYs"as Copper and aluminium Une Joch! Nuraber z rubber, to penow It may be some flume Before men were hotels het bot tin, buyers
to patack bricks awaiting a
about halt
· Duritém Win ̈ dună: în
this unemelat exchango...... markuti
· Now Ták, Bed., 18;
hd brick output to the pro-war-evel calire of the continuing copper Hunter.com Prices in the metal market oyning at the following rates
7,8. dollar" (per #3));
4.0328
17,700,000,000 # year, The
**Kuninkaat closed tunchingéd vjelih ... the | susting note: per EU
15.30
*** be output is not expected la, beduction lowwow ta, the ; Indonesian fundors (per 100) * 20.20
drought moni following, anooptions... (MORE
Businés cone 33.30
more than 10,700,000,000, brickscared where power is shoe k
Betlemment. Berylum (10-12 per cent) Blam feals per 100)
Sinapore. (Die:11)
18.30
Valted Press --Associated Press. $10-18-United Prem, ton
Abre, cocoa, dessicated cocoanut,
all and
cocoanut United Pres8.
graphite.
NY Metal Market:
Der
Exchange Rates
FIC planires (per 100), ... 11.40
[pet ibi,
PODZURTY.
Press
würrent plantaci
t
ve
domestic users in the U.S. and Afghanistan's leadbis Import other countries have the oppor- through Karachi with a total of
buy tunity to
any copper Rupees 14,400,000. Other main to any country items were green ten sugar, participating in the IMC and not machinery and millwork, rubber manufactures, rayon piecegoods, products, and motor The first quarter allocation in Formosa 70; India 5,000 Japan through Pakistan, Afgifanistan well a transit trade 10,400; Korea 120 and Pakistan imports and exports some goods with its Northern neighbour, Soviet Russia. Associated Press, DECONTROL OF STEELP
100.
The committee said that the 'distribution plan has been for- warded to 27, other countries not represented on the Committea but for which an allocation, had been recommended. United
Press
Ed JAPANESE
New York, Dec. 18, Industry, plservers.
-**Bay: ' pres= Bure is growing to have the Government decontrol the usa BONDS or steel. The metal has been
controlled to build, Up stocks' for
requirements
Bald Industry 199) 2014, men are convinced that Amerien (42.pr 10103 107 will haya mongood and faleudy (4 197) 1884. apply of steel early next year, Rong of 1954) 13034 and hope controls will be con #E" - (0343, OF 1830)~32015 #iderably cased within the next four months-Associated Press,