•
MESSAGERIES
MARITIMES
MO M
"TRY-HILL”
"BREST"
Arriving · Leaving
→Jan. SD
Jan, 20
-Feb. A
Feb, 10
Feb. 15
*LA MARSEILLAISE”. Feb. 12
For passenger and freight.'
Outward Wor
Japan
Homeword Vor
N. Africa & Europe Marseilles via Manila
For freight to Salgon, Marseilles, Alglers, Tangler, Casablanca,
Havre, Dunkirk, Antwerp & Rotterdam.
Accepting cargo:
vla Marseilles to all Mediterranean & West Africa Ports.
-vla Djibouti to Madagascar,
Subject To Change Without Notice.
CIE DES MESSAGERIES MARITIMES
'P.O. Box 68, Hongkong
Queen's Building (gr. floor)
EVERETT
Tel, 26651 (8 lines).
E
LINES
EVERETT ORIENT LINE
Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Rangoon, Calcutta and Chittagong.
"LENEVERETT"
Arrives Sails
Perang,
Jan, 18 from Manila. Jan. 19 for Singapore,
Rangoon & Calcutta,
"BRADEVERETT"
Arrives Salls
Jan. 10 from Manila
Jan. 31 for Singapore,
Rangoon & Calcutta,
Penang,
(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 Poris. M. S. "STAR Arcturus”
In Sails
Port
Loading
Jan. 13 for Singapore, Port Swellen- ham, Madras, Colombo, Bombay, Karachi, Kharram- shahr, Basrah & Bahrein.
“M.S. "STAR BETELGEUSE"
Jan. 22 from Japan.
Arriven Sails
Jan. 23 for Singapore, Port Sotter
Colonibo, ham, Madras, Bombay, Karachi, Kharram. shahr, Basrah & Bahrein,
(Accepilng cargo for transhipment Kobe/Putan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A. Queon's Building, Telephone 31206. "Chinesa Department: Telephone 28293.
The Rubber HONGKONG
Markets
London, Jan. 12.
The rubber market was steady today. Prices closed as follows:-
Number 1 rubber, in penca
per lb.
February
March
April/June
July/September
October/December
2431-29
24-25 24%.20
24-2018
-United Press NEW YORK MARKET
New York, Jan. 12. Price's
rubber futures closed today 55 to 90 points lower with sales totalling 130 contracts.
follows:
March May
July
September
October March Spot
of
SHARE
MARKET
(From Our Correspondent)
Business done on the Stock Exchange its morning amount- ed to $158,235. Noon quotations and the morning's trans- actions:--
SHARES DUYERS BELLERS Sales
DANKS
HK Bank 1420 East Asia
Prices closed a INSURANCES
26.55 bid
28,00
27.4 bid
29.06 bid
20.25 bld
10 1415
260
Cantan Union ..... 19314 000 SHIPPING
Waterboat 14.40
Asia Nav.
2725 nominal
22.35
LE
-United Press,
New York Sugar Futures
Now York, Jan, 12. World sugar futures closed unchanged to 4 points lower. with sales totalling 393 contracts. Contract No. 6 clored un- changed to 0 points lower with sales totalling 640 contracts.
Contract No. (world)
3.31 8.31 3.51 bld
March
May
July
September
October January
DOCKA, ETC.
K. Whart Provident Provident (Rta Stal Dock Wheelock
Wheelock
... 2.40
p1 02 100 0 0%
1340
243
143
715 7.70 400 @ 3.7
THE CHINA MAIL, TUESDAY, JANUARY 13, 1953.
Japanese Trade
Mission
Axam
Tokyo, Jan. 12, The Japanese Govern- ment plans to send a trade alaslon to Middle East Nations to conclude trade agreements, the newspaper
said today. Asahi said the mission, which
be sent Improve trade relations, will visit Iran, Iraq, Syria, Lebanon and Turkey and the
also Government intends to despatch a good. will mission to Cubs to
trado revizo between the two matiqng- Associated Press.
agreements
Foreign Profits In Japan
Tokyo, Jan. 12. Proits aggregating some 10,000 million yen have been accumulated by foreign businessmen in Japan since the end of the war, the in- Quential "Asahi Shimbun” estimated today.
The accumulation
Chancellor Is Faced With Prospect Of Deficit In Budget
(By Norman Crump)
London, Jan, 12.
It has long been clear that the current year's Budget might not balance, and the nine months' revenus and expenditure returns have done little to dispel those fears.
Looking back to 1951-52, the revenue for the first nine months of that year was £2,682 million, while the complete year's revenue was £4,433 million.
This meant that about £1,750 million was collected in the last quarter of
that year.
The first nine months of 1952-meat had remained in private
53 have yielded £2,012 million, while Mr Butler budgeted for year's revenue of £4,601 million, To realise his estimate he must collect £2,050 million during the last quarter
of this year, and this
moans £300 million more than he collected in the last quarter of 1951-52. Obviously he is unlikely to do so. My feeling that he will do well to collect £4,500 million for the complete
Imposed by the.
Japanesets Government on the remittance of Jupattese currency abroad. The newspaper said that foreign businessmen in Japan were now endeavouring to activate their yon capital by bwvesting it £51 Japanese enterprises.
The
yen deposits held by foreigners largely consist of pro- fits
Carned by American im companies, foreign banks, air lines and sinal Individual shops operated by Chinese and White Russians.
which We
hands, it would never have be come mixed up with questions of British trade and British investments. Then we should all have been better off, not only in our pockets, but oven in our larders,
GOLD AND DOLLARS When due allowance is made for the $181 million (201 paid on million) December 31 in respect of the Canadian and American debts, last month's decline in our gold and dollar
reserves WOR gratifyingly small. amounted to only. $40 million (£175 million), so that apart from our debt payments we had a surplus on the month of $132 million (2405)
40.5 million).
A
American 'Swing To Scotland'
New York, Jan. 12. Scotland is attracting growing number of Ameri- can branch plants because It offers numerous advan tages for a wide range of industries, à New York ad- vertising executive reports.
Looking at the various revenue Rems, income tax is always the great imponderable, and there is resulted still a chance that it may save mainly from the restrictions Mr Butler. The receipts under this head during the next two months demand close scrutiny. On the other hand, it is alronds clear that death duties, stamps, clearer picture is shown by customs and excise are all likely the complete returns for the past to fall short of their estimates. six months, for these eliminate Mr J. Harvey Howells,
Nor is there yet much sign of the distortion caused
and by last advertising
promotion real economy. In 1951-32 nine August's short-lived commodity manager of the Lever division mont months expenditure, of £2,891 orbitrage scheme. During the of Lever Bralliers, told 筷 million 'was translated into last half of 1952 we had a a net meeting of the export managers £4,020 million for the complete gain of $181 million (£58 of New York that Scotland year. The nine months' figure
ure million), and on
December 31 | provides "an ideal location for for 1952-33 de £3,113 millon, our reserves stood at $1,840 Just about anyone who desires
unless and
in million (£800 million). This to establish is economy rearmament or elsewhere, the compares with a low point of Sterling 'Area," year's figure may well be $1,802 million (£594 million) £4,200 million. This is jurt in last April, and also with Ogures excess of the estimated ex« of $2,335 million (£834 million)
a year ago. penditure of £4,179 million for the year.
The "Asahi Shimbun" said that the money accumulated in Japan could be classified roughly
Livo Into
categories yen accumulated by Individuals, or companies with offices outside Japan, and money carned and saved by foreigners living in Japan,
there is
stil
far, so good. But we have some way to go, and wa have only achieved our recent results by means of a drastic cut in Imports, which cannot be of our a permanent feature
THE PROSPECTS Extra-budgetary expenditure is being inflated by the success of Those in the latter catagory the Government's housing pro-
Loung are restricted from sending their gromme
to Local economy. So there is no room which are largely | for equaniralty. pronts to their, home countries. authorllies, In case of film companies, how-
required for this purpose, are those excess of over, they are allowed to send running in
in 1951-52 and this 30 per cent of their profits raised granted through the distribution of their year's net gure may be £408 films in Japan.
OD. Bgainst last year's net
CAPITAL INVESTMENT
Motion
picture distributor: generally have about 22 per cent of their proceeds accumulated in yen here after having settled their tax and public expenses, the "Asahi Shimbun" estimated. The amount which each for- Arm and individual 15 allowed to remit home, is de- 1ermined by the Japanese Gov-
eign
ot in
million 2305
All
it looks as if this year's exetary expendi- ture may total £550 or £600
£500 era estl-;
million, against Mr mate of
Mr Butler hoped ses, for a Budget surplus of £010
million, or
just
enough to cover extra - budgetary
Lary expenditure. Unless the last quarter turns out better them seems likely, oy's prospects
for
лге
อ
ernment following individual Budget surplus of. no more than screening.
Although most of the yen thus accumulated are deposited Iocal banks, some of it is used 05 capital investments
here
Foreigners are at present for- bickles from buying stock of Japanese companies already estabilshed, but they are allow ed to set up new companies.
of
com-
£300 million.
If the year's extra-budgetary items cost only £550 million, Me Butler will be left with an over- all deficit of £250 million.
new
EXCELLENT
U.S. STEEL OUTLOOK
mag-
and
a plant in the
Mr Howells, who la secretary of the United States Commitice of the Scottish Council, named a score or more of big American organisations
have which established units in Scotland in the last few years. Thesis' In- cluded:. "Remington Rand National Cash Register, Inter-
EM national Business Machines, Coca
Edison, Cola, Thomas Westclox. Burroughs Adding Machines, Johnson & Johnson end Hoover.
According to mize, Scotland's share of American enterprises In Great Britain should be only 11 per cent, Mr Howells said. Actually, he added, Scotland has attracted 52 per cent of this
business.
Mr. Howella gave eight req. sons for America's "swing to Scotland."
SKILLED WORKERS
1. Labour The Scottish working men are highly quali |- fled,--although the cost-is-about
as for other British Labour..
2. There
plenty of workers available for almost all
New York, Jan. 12. Increasing business optimiam spells continued strength in the steel market for months ahead, the fron Age, national metal- working weekly, reports. production targets, the
Steel users are raising their weekly sald, and this is bound to bo the same refloded (perhaps nified) in the sicel market. The actual strength duration of demand may sur
many forecasters who prise the predicted a good first half year for steel Industry followed
3. a tapering off, the Tron Age said. It found demand fully strong now as it had been for many months,
"Some in the steel Industry momentum will now believe carry high levels of demand and production well loto the second half," the Iron Ago sald
by.
- ARGENTINE PROTOCOL
If ever the world returns to sanity, the economic text-books of nifty years hence may well cite current Anglo - Argentine This, the newspaper reported,
trade relations as О Blaring is at present the stumbling block delaying The conclusion
example of what happens when Governments take to bulk buying States-Japan the United commerce and navigation treaty, and nationalisation. Under the to the 1949 protocol The Japanese Government
got Agreement, all we je a claims that it foreigners are to be entitled to buy Japanese promise of rather better meat stock as proposed by the United supplies than wo had under the
"Others, recall that inventory 1951 protocol, a rather lower States, many Japanese
correction has in the post re- pass into the prices than those for panies will seen
versed the steel market with control of foreign businessmen, Argonthe originally asked.
amazing suddenness. They cau Otherwise Argentina the "Arahi Shimbun" said.
scores all
tion that it will be well, to Foreigners, however, are free along the line. The new meat
ose watch the rate of new orders to buy real estate in Japan.-prices are higher than those
are paying to the and cancellations in the months which we France-Presse.
Dominions. Argentina's main abrad
Unexpected demand is com- Imports are to be coal, oil and finplates, rather than textilesing from civilian customers, not and other manufactured goods, military, the weekly said. Con
version demand remains strong, we would prefer to sell to her. She is to receive Sterling credis long after it was expected to facilties up to £20 million, and expire. will
also have the right to convert into dollara all Sterling £20 balances
of million.
THREE-POINT
REPORT
Talpei, Jan. 12.
The economic survey group. which returned here from Japan
at the end of last year, made a three-point auggestion
400 1.00
report to the
1800 1.00 400 et 7.60
000 G 2.53
The
were recommendations
0
(1)
400 OF UTIL 57 600 € 80%
(RW) .............. 2.50 975 8200 2.00 LAND, ETC. IIK 11otel
Land (0) EST HK Land (N)
1.33 S'hal Land
子 EXCCSS
Interest,
ara
women are
"TAIHAN” *TJILUWAU"
Pago
ROYAL INTEROCEAN lines
BAILINGS
alegeport, Penang & Delawan Dell Slugapore, Djakarla, Semarang.
kurakala a Macassar
Ringspers, Dinkarta,
Mauriuus,
B. Afries 8. America
Djakarta HEMARTADE, Hurabaka
Mschkar
Зарад
Singapore, Jakarta, STMATARE,
Surabala & Macsiz
Japan
Japan
11
"TJITJALENGKA” JAD.
**TJITONDGX"
Jab. #
*THBANTIRT..
JAN, 23
"THWANGE"
Feb.
2
**TASMAN"
Feb,
Feb.
"BOIIRRYAIN”.
"STRAAT
MAKASSAR- VESIKAMPSK"
"TJIMENTENG"
*TJULUWAR*
"DOKREVAIN"
"TJIBANTJET" "TASMAN "TIWANGI"
Macassar
Japan
„Jakarta
Feti 17
Fob
Fab, th
Fed. 14
Feb.
Niar. 2
"STRAAT SOENDA" MIL
"TJBODÁS”
*THLUWAR*
STJIHADANÉT *TASMAN" PATRAAT
MAKASSAR" **TJIPONDOK"
"THWANGI”
*THPANAS"
*TIILUWÀN”.
"TASMAN" "TJTJALENGKA"
T
Bemarang,
·Semarang," Borabala
Manila, Bingapore, E. & 8. Attica à
B. America
'Singapore.
Djakarta.
"Hurabala & Macniser Singapore. Diskartą. Manfitiur,
8. Africa H, America Djakarta Semarang. Burabata
NACOLLAR
Singapore, Penang & Belawan Dell Ringapore,. Djakarta, Reparang.
Surabala & Macostar
Зарад
Djakarta. Remazunk,
Maj
Mar. 16
2548. 17
Japan
blar. 17
Mar, 22
...
Mar. 23
Apt.
App
Surabala
*
&
Semarang,
Bingapore, DJakarta, Semarang,
Surabala & Macassar
Japan
Hingapore Djakarta, Mauritius,
8. Africa 8. America
Djakarta, Bemarang, Surabala
Machisar
Singapore, Djakarta,
"Sŭrabala & Blacassar
Stanila, Kingspore, E2 8. Afelra
ARRIVALS
MACATIST Rurabala, Semarang,
Djakarta & Singapore
In Port
15
Зарад
Jan. 20
Тарал
From
TEL 28015/18.
KING'S BUILDING, Ground Floor CHINESE AGENTS; 82 CONNAUGHT RD. Q. TELS. 31196, 25133.
MAERSK
LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PIHILADELPHIA VIA SAN FRANCISCO, LOS ANGELES AND PANAMA."
NEXT SAILINGS
M.S. "OLGA MAERSK” M.S. "HULDA MAERSK” "M.S. "GERTRUDE MAERSK"
Jan. 18
Feb.
2
Feb.
11
*
Calling Vancouver. ARRIVALS FROM U.S.A.
Feb.
5
Feb. 18
Feb. 25
M.S. "TREIN MAERSK" M.S.
"NICOLINE MAERSK” M.S. "PETER MAERSK"
For Freight and Further Particulars please apply to:--
AGENTS:
JEBSEN & CO.
Pedder Building.
Tel. Nos. 86066-9.
Dales and relation rubject to change without notice. At liberty to proceed via viher party to fuad/discharge cargo.
types of Industry. Further, PENINSULAB Scottish atlaptable to work
very
Most workers spend their entire ilves in the same communities.
The labour force is stable.
4. Scotland 'has nine techni- cal schools which turn out good engineers and skilled Techni- clans.
6. Materials-Most items are in amplc supply.
6. Power There ja
chough hydro-electric power in Scotland to guarantee almost 100 per cent freedom from power failures.
7. Transportation-There are excellent facilities, and exports of imports move no further than 50 miles to sea,
6. The Scottish Indusicfol estates—These are commercial villages where almost everything is built to order for new plants, and at much lower costs than in many other countries, Asso- clated ProSK,
Pepper Market
ruled
tone
In its greatest expansion spurt in history, the steel in
of dustry added 9,000,000 tona new capacity last year and now The protocol almost entirely is rated at 117,500,000 net fons add
New York, Jan. 12. Ars its ignores the claims of British per year. It expects to
another 4,000,000 Loas
this year. The pepper market Nationalist investors. It says nothing about
"Greally increased capacity quiet and steadier in Gavet, the "Chen Hsin the remittance of
an economic journal, dividends, or, other income. As the ace-in-the-hole steel people encouraged by higher Indian Hein reported today.
regards compensation to British are counting on to help free cables. Spot and stocks awali- them from the controls yoke," ing release were indicated t owners of nationelland property the Iron Age sald. They around 31:19 a pound. January to conduct a detailed study
such as Anglo-Argentine of the foreign trade situation in ways and other publle utilities, estimate that they will be able shipment was quoted at $1,13, $1.10-1.11, March Зарал, (2)
to unity
the over- there is a suggestion that a joint to produce: 110,800,000 net tons February
commitide
of steel this your-if needed. $1.09 a pound United Press. of Govern-
British tapping
Nationalist
and
that ment agencies in charge of Argentine representatives will be But they doubt that consumers foreign trade, and (3) to allow appointed to consider outstand-on long digest steel at
SEEDS AND OILS C. Light (0) 935 2.40 1700 € 9.60 more of the export and importing problems and report within rate
The publication also found Bix months, business to go to private enter-
some indications that buyers prise-France-Presse.
pra giving more attention to On this, it may be said that quality. This could be a sign desperate, TRADE TALKS IN the one outstanding problem is that they are now
although the Iron Age reported that Argentina should pay for products remgin -a. 1 m o s at what the hog taloon.
uniformly tight with the excep The latest data for report ton of some wire products Singapore, Jan. 12.
months ahead; ankl should not be
some Imited tonnage Malaya will be represented at but next March or of such Liter
oppelion Associated Pres the United Nations Economie date as she succeeds in selling Commission for Asia and the her coming maize crop,
UTILITIES
Tram 22:20 2234 Star FerrY
117
C. Light (N) am 6:25 2000 ke ata
INDUSTRIALS
Cement
Macao Mice.
Telephone
$1.20 ..19.40 19.00
35 nominal
3.79
Topo
20:30 2019
STORES, ETC.
H
20.00
March
Ray
Spol
Contract No. 4
4.45 0.55 K
0.75
MAY
Marchi
*Jmy
Reptember
November
Mateli
Spul
D.05 nominal
0.30 blu
4.45 -United Press,
Load Price In N.Y.
New York, Jan, 12.
Dairy Wation COTTONS
Ewo
240 MISCELLANEOUS
Yongtze 5.70 6.30
MANILA
.
NOT TO BLAME
For East Trado Promotion Con- But we cannot blame Argonišná Exchange Rates ference to be held in Mania from alone for this injustice to British
February 23 to March 4,
Investors. The door to bijustices The conference will examine of this kind was opened by the the present situation and out-late British Government, when it look for trade. It will also con- first began nationalion Eisiti ekler import needs and expert. public. utilites as prices find availabilitică: of: certain::cout; | by "Itself.
Business was done in the local usamicial exchange market thus Prices in the metals market morning at the following t 5.035
with
U.S. dolar (bar 81)
the | Starling sale (per 41)
clored unchanged following exception!-- Lead, common, New York, per 16.-14.00 cents-United Preza.
Indonesian gulidors (per 100) Biam teals per 100)
Singapore (Sterita),
FIC plastres (per 100)
15.00
rate."
.
New York, Jan. 12. Prices In the seeds and oils market closed unchanged with the following exceptions:-- liais
Flax seeds per bushel, JOB Minneapolis #4.021⁄2.
New York Feanuts, Virginia, Medium, 214-5 per 16. FOB shipping point.-United Press.
Exchange
Now York, Jan. 12.5.
JAPANESE BONDS NY Stack
London, Jan. 12. Japanose bonds E JA
MA" (a\of 1000);
82 FME3" (4%), 01. 1910) MC (of 10073
"D? (OL: Of. 1930)
tries in and outside the region. One final thought. If the pur-Consola
Beuter,
chase and safe, of Argeriline
c. Dow Jonos averages at the end of the stop amarket tesztori glood 75%
As follows 1331490 Industrials 108
**United Press:
20 zall
40:bondr
290.54
10831
$1,00
08.77
& ORIENTAL
STEAM NAVIGATION COMPANY
R.M.S. "CARTHAGE"
SAILS:
NOTICE TO PASSENGERSV
BAGGAGE:
FRIDAY the 16th January 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 the 16th January, 1963,
**
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 HE REFUSED ADMITTANCE TO THE WHARF.
EMBARKATION:
Will take place FRIDAY, the 16th January, 1958 between 9.80 a.m. and 11.00 a.m.
BUSINESS REGULATION ORDINANCE 1952
Copies of the prescribed Forms 1(a) 1(b) and 1 (c)}
Now On Sale at S. C. M. Post, Ltd. HONGKONG AND KOWLOON
TEN CENTS EACH