MESSAGERIES
M
Arriving
“FRY-HILL”
"LA MARSEILLAISE”
MARITIMES
M
Outward For
Jesving
-Jan. 22 Jan.
Feb 24 Mar 14
20
Fel Za
Japan
Yalınbama & Kots
THE CHINA MAIL, FRIDAY, JANUARY 23, 1953.
Development Schemes Going ROYAL INTEROCEAN LINES
New Shipping Service
"VIETNAME"
Henseward For
*"DREST"
»
10
N. Afilea & Europe
Tie Steant pany.
**FRY HILL**
-Mar.
Mar
2
*"LA MARSEILLAISE”, atar. 7 Mar. Я **VIETNAME"
Star 13
•
For passenger and freight.
N. Africa & Europe Marsaliter via Manlia Marseilles via Manila
For. freight to Salgon, Marselles, Algiers, Tangier, Casablanen. Havre, Dunkirk, Antwerp & Rotterdam.
Accepting cargo!
-vla Marseilles to all Mediterranean & West Africa Ports: --via Djibouti to Madagascar.
Subject To Change Without Nethra.
CIE DES MESSAGERIES MARITIMES
PO. Box 63, Hongkong
Queen's Building (gr. floor)
EVERETT
Tel. 26661 (8 lines)
LINES
EVERETT ORIENT LINE Fast regular freight-refrigerator-passenger service to Korea. Japan, Philippines, Indo- China, Siam, Malaya, Rangoon, Calcutta and Chittagong.
"BRADEVERETT"
Arrives
Sails
Jan. 31 from Manila. Feb. 1 for Singapore.
Rangoon & Calcutta,
"REBEVERETT"
Arrives Salls
Feb. 2 from Singapore, Feb.
Jur Kobe
Penand
&
Yokoliame
(Accepting cargo for transhipracat Kobe/Pusan and Kobe/Okinawa)
EVERETT STAR LINE
Fast regular freight-refrigerator-passenger service to Koren, Japan, Philippines, Indo- China, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports.
“STAR BETELGEUSE”
Arrives Sails
Jan. 24 from Japan.
Jan. 29 for Singapore, Port Swetten- ham, Madrus, Colombo, Bombay, Karachi, Kharram shahr, Bosrah & Bahrein.
"STAR ALCYONE”
Arrives Salls
1
Jan. 26 from Singapore. Jan. 20 for Kobe & Yokohama.
(Accepting cargo for transhipment Kobe/Puran and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A "Queen's ̈Building, Telephone 31206. Chinese Department: Telephono 28293.
The Rubber HONGKONG
Markets
London, Jan. 22.
Prices closed today as follows:
ol rubber futures
Number 1 rubber, in pence
per lb.
February
March
April/June
July/September October/December
241-1
24-2414 23-24
-Undled PreKY,
NEW YORK MARKET
New York, Jan, 22. Prices of No. 1 rubber futures closed 25 to 35 points higher. The spot market was dull.
March
Muy
July
September
December March
Bpot
20.59
28.00 20.25 bid
20.00 nominal United Pics,
Australian Coal
For Japan?
SHARE
MARKET
(From Our Correspondent)
noruit.g
་
Manila, Jan, 22. China Merchanis Navigation Com-
of Talpei, plans to establish
three-way service between Japan. Formasa and the Philp.
pines.
Arzenlo Sy and Com- pany, local agents, såld the proposed regular service would be supplemented by chartered vessels carrying Philippine export products La the United States, South America and Europe. --Associated Press,
Report On The Far East
Economic
Ahead In Many Parts Of Empire
London, Jan. 22.
One of the essential conditions on which the Commonwealth Prime Ministers based their recent plan to increase exports from the Sterling Arca and reduce dependence on outside supplies was a further expansion of the Commonwealth's economic resources,
But even before the conference, large-scale development schemes were being planned in many parts of the Commonwealth.
Some of these are described in the current Issue of "Bulletin for Industry", a monthly newsletter compiled by the Treasury.
An expansion of food pro- resources cannot be financed by, duction is one of the Cominion= ] the U.K, alone. The bulk of the wealth's prime needs, not only finance for ench. country's to seduce dependence on supplies | dovelopments must, in the nature from dollar countries but also to of things, he domestic. improve the food standards of its own peoples.
and so
Hence the impurtance that was attached by the Commonwealth Prime Ministers to the need for each country to adopt internal policies to increase the flow of
Thus India and Ceylan, aim to to increase their output of rice and other food-grains reduce their Imports of these basle foodstuffs, while Pakistaa į savings. hopes to increase her exports of food-grains.
and New Zealanu
OUTSIDE INVESTORS
But unless they have outside
help as well, progress will in- evitably be limited.
to
Asian Economic
Malaise
Manchester, Jan. 22. Ceylon was at the mercy of the changing price of rubber to an unhealthy ex- tent, the Manchester Guard- inn sald today.
for This Liberal paper colled the stabilisation of the prices of law materials upon which the of South-east Asia depended, and suggested that the United States must play a lead- ing part in such a move.
London, Jan. 22.
Australia development have plans for expanding pro- plans for Asin cannot be duelion of wheat, dairy products based on firm realities sonhd meat in order to Increase Investors outside the Sterling long as its mineral wealth food exports to Britain. And Area, particularly in the United continues to be inadequately this, in turn, will enable Britain States, can make
to économise surveyed and wide gaps are countries outside the Sterling efforts
an important un imports from contribution to development, and
are being allowed to persist in the Aren.
made encourage such Investment, knowledge of existing Closely linked with agricul- The International Bank is an- mineral resources,
turul development la the ex-other impe
source of Annuce pansion of capacity for the for dement, and discussions econcmles production of fertilisers. Existing will open soon with the object of plants are being enlarged or new | ascertaining how the Bank can ones built in Australia, New help the Commonwealth, Zealand, South Africa, India, So far as the provision of Pakistan and Ceylon.
So far as raw materials are capital equipment is concerned, the UK, has now overcome one concerned, nost
Sterling Area of the obstacles a shortage of countries depend on imported steel-which handicapped In- supplies of large quantities of dustry until recently. But other se steel, dual, copper, zine. problema remain. aluminium and oil. Projects to
The increase the output of all these cludes Treasury's "Hulletin" con- important materials are being Janned.
This is one of the main con- clusions reached by a number of experts who recently completed
years
study of Asia's mineral wealth the first of its kind ever undertaken.
iwo
Their report has w been published by the United Nations Economic Commission, for Asia
ind the Far East.
The
states that the pace report of economic development in Asta could be considerably increased by a fuller utilisation of known mineral resources, ↑
However. considerable efforts have been made in the last few years by Asian comtries to de- velop coal and from re seuvers,
Indigenous Industries have been started, production in- ereased, the quality of low-grade deposits improved, and the con- servation of higher-grade posits facilitated.
de-
CHINA'S RICHES
ECAFE'S report estimates that the known coal reserves of Asia und the Far East total sorne 557,000 million tons, of which 445,000 million tons are in China, 658,000 million tons in India, and 20,000 million tons each in into- China and Japan,
AUSTRALIAN STEEL
In the Dominions, Australia hopes to increase steel production by about 500,000 tons, or 50 per
cent, within the Bext two or three years.
She also plans to step up the output of lead and zine, which are among her main exports, by about a fifth by 1953.
Her copper output In 1954 should be a third higher than in 1951, and an aluminium plant. nov under construction,, will meet a large part of current domestle demand when it is com pleted next year.
its
review with this
comment: "Salesmanship, servic ing and adequate adaptation to the needs of the user will ali require attention if U.K. Industry is fully to satisfy the needs of Commonwealth countries for capital equipment."-London Ex- press Service.
PLAN FOR
NEW INDIAN
Some sharp words had bega used by Mr Averell Harriman, the Aid Chief, over Ceylon's Brot- outgoing United States Foreign ment to ship rubber to Ccm- munist China during the next Manchester
five years, the Guardian polated out.
(Mr Harriman states recently that Ceylon's rubber shipments to China were causing "critical concern.")
The inference is that Ceylon might, under the Battle Act, hayo disqualified hersel fur American aid.
"Ceylon his had very 'Hitle economic help from the United Sintes so far, but falling raw material prices and the need lo subsidise expensive rice have been upsetting her budget, und che neods foreign help.
"In fact her Government ap
asked the United
partly
States for a promise of ald worth $50,000,000 as a condi- tion for calling off the negotia-
STEEL MILL tions with China.
ond
In addition to these schemes, i work
Dow in progress will make
Tokyo, Jun. 22, her self-suficient In coal, and of
Authoritative sources con- the total known iron ore even allow some for export,
firmed today that Japan would reserves of the region, estimated South Africa is developing her shortly send a mission to India to be almost 11,000 million tons, extensive reserves, steam coal to over 78 per cent are in
investigate the site India, and chrome ore. She, also ex-ponsibilities of & proposed joint and China (5,087 and 4,188 all-pects development in the next steel mill Tion tons, respectively), with the 13 years to yield a substantiaá Philippines (19) and Indonesia increase in the output of gold (899) being next in importance. and uranium. Japan ranks fifth with one $70,000 million tran
The report gives striking examples of the hindequacy of mineral resource surveys.
It has been estingoted that with the present
strength of technicians, it would take at least 15 years to complete a proper geological survey of Chi.
COLONIAL
PROJECTS
Ja
There are important projects in the Colonies, too. For example, considerable expansion of copper
is taking place mining Northern Rhodesia, where k is expected that production will reach 390,000 tons this year, with
prospect
further
of
In India, 200,000 square miles substantial increases ari the of the accessible parts remain to future,
Private enterprise is developing be geologically tapped on the
deposits In Jamaica, one ich to one mile scale, the bauxite smallest scale with practical use. where there are large reserves, In Indonesia, only eight per and, in East Africa, the possiblity cent of Java has been adequately of extracting various important surveyed and eight per cent of
mineruis Is being investigated. The Sumatra.
Owen Falls hydro-electric scheme in this area will greatly assist the production of phosphorus and iron. Volta
Business tione on the Stock Exchange this amounted to $481,870. Nuon In the Federation of Malaya. quotations and the morning's geological maps on a serie of transactions; -
one mile are available only for per cent of the whole coun- try,
Only five per cent of Korea and less than 10 per cent of the Philippines have been surveyed.
BULANES BUYERS SELLERS BALES
GOVT. LOANS
3 (1040).. £1 BANKS
HK Bant 1430 East Asia
INBURANCES
Canter... Unlos *** Underwriters
SHIPPING
Waterboat Asia Nuv.
DOCKS, ETC.
K. Whart
Provident
Providunt
105
5000 19
EM 5.30 6.00 ·
14.00 1.40
DISS
12.00
(New) So. 11.40 1L.CO
1.70
S'hat Dock
Wheclock
Wheelock (RIS)
New York, Jan, 22. Japan and Pakistan may some day be able to obtain large quantities
high-grade LAND, ETC. bituminous coal from Australia. It would come from the Blair
of
Athol held in Queensland, which is said to be the largest known coal deposit
in the Southern Hemisphere. There are hundreds of millions of tons of bituminous in the more than five-square- mile deposit, with cutcroppings rising nearly 100 feet high.
5 A 245
7.89 7.95 2009 (7
4000 r
7.55
2.50 2.80 2000 67 2.771;
20000 220 150032 00
IIK Hotel 7.83 11K Lane (0) 11 Land (0) Said Leand UTILITIES
Train
4.45
3.5
SUBSIDY FOR JAP
YARDS
In the Gold Coast, the huge Volta River Scheme will greatly increase Commonwealth supplies of aluminium,
Major work on oil refineries
planned in Aden, Australia,
South Africa and India. New cement works, or extensions of existing ones, are planned in a
of number
Commonwealth There countries.
are schemes for the production of paper, the Largest of which is the Murupura project in New Zealand. Other industrial developments include
Mr Jinosuki Hayashi of tho Japan Steel Tube Company will probably lead the mission.
With American and Indian representatives the mission will make a Brst-hand investigation of India's steel potential.
Although they could not con- firm it the sources sald Briten was also showing an interest in the project.
Japanese industrialists favour the development of India's steel Industry to give Japan another, source of raw materials.
Japanese reached an
UNHEALTHY
"It is hard to see how the Gutgoing American Government could have pledged itself to provide this In advance of the budget." the Manchester Guardian submitted.
The
Chinese Government Ea
in this Its opportunity economic dilemma and offered to pay Ceylon more than world
rubber and prices for her intet a big part of her rice res quirements.
The situation which has led up to this deal by Ceylon with China is a microcosmic of the which oflets economic malaise this part of Ala.
"Importing half her food and dependent on few expert crops to pay her way. Ceylon is at the mercy of the see-sawing price of rubber to an unhealthy extent.
"At the same time-with a representatives country enly a third cultivated and the most rapid population Dgreement with Indian
.when they increase In Asia-che badly discussed, the project in the needs capital for development. United States last year.
"The episode underlines once again the need to stabilize the prices of the raw materials upon which the economies of South-
The joint firm was to be established in Orissa, one of the main iron-ore producing areas in Indin, and would have two 200- ton blast furnaces.
Japan would get some 400,000 tons of pig iron annually.
India would provide 51 per
cast Asia depend.
"If this to be done, America must play a leading part," the Manchester Guardian suggested. ---Reuter,
+
cent of the joint arm's capital ANGLO-IRANIAN'S
NEW TANKERS
and the project would also re- ceive a $50 million loan from the World Bank.
Plans for
New York, Jan. 22. the steel project
Anglo-Iranian Oll Co, has called for Japan to manage the under construction or on order
TJIPONDOK"
*TRUANTJET“
"TJIWANGI”
*STRAAT
BAILINGA
Jan. 23
Jan. 23
Feb. 1
То
Jakarta Temarang. Burabala
Bachatar
Osaka, Kobe, Yokkaichi, Nagora ži
Yokohama
Singapore, jakarta, Semarang,
Nutabala &"Staranian
Japan
Yokohama, Nagoya, Ovala & Kabe
Djakarta • Nemarang,
Macassar
Surabala
A
Manila, Kingapore, E. & S. Africa &
3. America
Bingapore, Djakatia, Aemarest,
Hurabain & Marassar Kingapore:
Djakarta,
Mauritius,
8. Afclea A 8. Asirtira
Burabala &
"TARMAN" "BOISSEVAIN"
Feb.
Keb.
MAKARBAN" "TJIKAMPEK"
Feb.
Japan
Feb,
9
"TIMENTENG"
**T2LUWAI"
**10158EVAINT
**TJIDANTIET"
Feb.
10
Feb. 1)
Feb, 2
Feb. 22.
Feb. 25 Mar.
**Jakarta
Remarang.
Staessar
Djakarla.
SEMATART
Japan
мэг. •
10
Djakarta, Semarang,
Surabala
A
Kingapore. Djakarta,
Semarang.
"Surabala & "Atarnsvar
Mar រង Atur. 11
Mar.
21
"TARMAN" "TJIWANGI"
"RTRAAT ROENDA" Mar. "JIBODASTM
"TJHLUWAI
TJIBADAN"
"TARMAN"
"STRAAT
MAKASHALL"
~TJPONDOK"
--THWANG?"
"TIPANAR” "TJILUWAH“
Singapore, Penang & Betawan Del Kingapore.
Hirabain & Macassar
ATACKERY
Atar. 23
Apt.'
Japan Japan
Kingapore
Bijalista, Mauritius,
S. Afelca & X. Aurtica
Jakarta, Gemtrans. Surabala
Alacassar
Bingapore. Djakarta, Bemarang,
Surabala & "Mimensstr
Manila, Singapore. E. & A. Aftlea
Djakarta, Singapore,
Semarang,
Surahata & Macksvat
Apr
Apt. 20
ARRIVALS
From
"THWANGT*
"THDANTJET"
"STRAAT
In
Port
in Port
B.
Surabais Djakarta, - Semataoz.
incassar Africa, Mauritius, Djakarta Singapore
N
MAKASSAR"
Feb.
8. America, R. Airlea, Mauritius,
Singapore & Manila
KING'S BUILDING, Ground Floor
TEL. 28015/18.
CHINESE AGENTS: 82 CONNAUGHT RD, C. TELS. 31190, 26123.
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO: NEW YORK, BOSTON, BALTIMORE & PINLADELPHIA vis SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
M.S. "HULDA MAERSK" *M.S. M.S.
"GERTRUDE MAERSK" "TREIN MAERSK"
Feb. 2 Feb, 11
Mar. 4
Calling Vancouver.
ARRIVALS FROM U.S.A.
Feb. 6
Feb. 18
Feb. 28
M.S. "TREIN MAERSK"
M.S. "NICOLINE MAERSK" M.S. "PETER MAERSK"
For Freight and Further Particulars please apply to:-
AGENTS:
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Pedder Building.
Tel. Nos. 36066-9. ;
Dates and rotation mbject to change without notice.
Al berly to proceed via ‘other parts; to bad/discharge cargo,
Indo-China
Rice Crop
Salgon, Jan. 22
In The 1952-1953 rice crop South Vietnam reached an esti- mated 2,000,000 tons, the Mintis- ter of Economic Affairs, Mr Nguyen Van-hung, salt today.
The arcs of
ricc-growing
pre-
Japanese Locomotives
Delivered
Karachi, Jan. 22, A Japanese locomotiva manufacturing company has completed delivery
of 25 all- burning, locomotives ordered by the Pakistan Government July, 1951,
K
Innds increased by about 20 per cent compared with the ceding rice-growing campaign
Surplus rice, about $50,000 fons, is to be shipped to Salgon. The Minister said that the in Government,
order prices and increase East Pakistan port of induct planned to set up gong where they are being put emergerley stocks in Cholon, into service on the East Bengal Haiphong, Hue and Tourane to Rallway.
to
to
The final consignment of five locomotives was unloaded në the
Chitta-
The locomotives, were mani- factured by Mesars Nippon accordanca
*་
meet local demand and cove with speculators' deals.
The Minister aided that the Government will try to Increase Sharyo, Nagoya, in
as. the with a design furnished by the lands rice.growing
East Bengal Railway, pacification movement proceeds.
France-Presse.
They will replood wom-out locomotivca now in use on the railway as part of the, Govern» ment's high priority programme for rehabilitation, Improvement and modernisationi of" Pakistan railways-United Press.
the manufacture of locuratives concern at first but Inter the 20 new petfticum carriers with Pakistan Output.
and rolling stock in India, textile mills in Pakistan, and chemicals in Ceylon and South Africa,
BRITAIN'S ROLE
In
When
managerial staff would gradually total capacity of 650,000 tons, be replaced by Indians,
industry sources reported.
This will be added to its tonker wholly-owned prescrit fect of 183 ships. Thirteen of the new vessels will be 32,000 tons cach, 12 will be 10,000 and threo will be 14,000 Associated Press.
Tokyo, Jan, 22. Japan's shipbuilding industry
plans are completed -now second only to Britain's -will shortly be subsidised by
the World Bank will niso prois the Government.
ably send a research team into The sum
many
however, investment in the joint en- coses, of £5,000,000 has been set aside in the next Bud- further development depends on terprise-Reuter,
existing Improvement in the yards with an
Now means of transportation. steel at "world prices".
Japanese steel is at present railways and roads are therefore
under Sri-
construction in many parts Japanese of the Commonwealth.
300 G 1.00
2000 * 2,15
get to supply
1000 # 7.83 1000 € 5714
........10:53:50 500 en 22.0
Star Ferry
Light (6)i ora C. LIKE (N) 0.20
Electric Telephony
The mbie Is altuated about 150 mile laland from Australia's East coast. Present output is 300,000 tons a year. Plans are being made to raise production INDUSTRIALS'
mining teclinique by modern
Cement 180 181 n high-speed and construction of
Bone Kauge railroad which would rohES, G. carry the coal from the mine lo
23.90
30 per cent costlier than tain's and so are ships.
More electricity generating The new "price adjustment capacity is also needed, and here, development Rysten will bring prices down too, important
Karachi, Jan. 22. Pakistan produced $5,000,000 surds of cotton cloth during the first half of 1952, according to oMelul production figures Just
tons released here.
This compares with a total of 127,000,000 yards for the whole
Government Is Exchange Rates or 1951.
Taking Over
|
Business was done in the local
official
market - this exchange morning at the following rates:~~~ to British levels with the add-projects are being carried out.
0 €20 US, doller (per $1); Colombo, Jan. 22, ed incentive of quicker delivery Britain has d
19.00 vital, part to
Sterling, mala (per £1) The Ceylon Government has Indoncatan guilders (per 1001210 dates.
play in this development, not approved • proposal for the slam ficals (per 100)
34.00 its traditional role of establishment shipyards are booked only in Japan's
of a
30.35 National Singapore Siraita). only
also
1182 a year ahead compared financier but
the chick Fishing Corporation.
|FIC plastres (per 100) supplier of with three years in Britain.
of capital equipment to Commonwealth. This calls for a special effort be formed on the lines of Die 23,00 Argentino, are already placing to increase her production and Air Ceylon Corporation, will
1000 as 23.30
AN 23.30
110
2000, # 6.20
Several ship-liungry nations, the particularly Denmark and the
1824
· 1000 6 39,00 | stendy orders.
1000
24.00
Navinport, where I could be COTTONS
shipped to Japan, Pakistan and MISCELLANEOUS other pòlats-Associated Press. Yangtze ... - 631⁄2 -0.20
Ewo
3.33
10.DO
Other production figures re- leaped for the first half of 1902 included Cement 317,000 tons, Steet Ingots 3,015,000 tons and sugar 1,007,276 ewt. - United Press,.
PACT
BARTER
WANTED
Singapore, Jan.-22. Egypt is anxious to Import Malayan tin and rubber but hopes to do this by bartering its cotton, according to en
Egyptian cotton trader.
›
Al Haj Jalal Hussein, a member of the former Egyptian Senate,, who came hero to meet
The Corporation, which wiNY Stock Exchange JAPANESE. BONDS local traders said:
DL Kie
287.04
London, Jan. 22, Japanese bonds.
"A" (4 of, 1809). #3 (45 of 1910) CH (8 of 1907) 100.24
(5 of 1034). "E (5 98.50 Consol
82
75
132
100%
of 1930)
103 59
-United Press.
---United Press.
New York, Jora 22. uchileve both the necessary løyel | take over the development, and Dow Jones, "averages Claims the Japanezo Ship of internal savings and a surplus handling of deep-sea Bahing end of the stock market, armaton bullders“. „Federation:
the "We can on overseas account Jurgo enough |and
-mechanizkion of stood as follows:- DON expect still beller business; with | to cover increased exports of Ceylon fateries. It will be 30 industrials 2090 the new competive prices.
capital and to meet other managed by a Board of Direc-20 min "The day is not far distant | oversens commitments. *
turm, the members of which will 15 uunities when Japan will be the world's Dut the development of the be nominated by the Minister 40 bonds biggest shipbulider."
Commonwealth's economic of Fisheries-United Press,
"We produce the finest cottont In the world and we want to exchange it for Malayan Un-and- rubber and other" Boutheast - Asian commodities,
"Because of present currency ( dificulties I hope to arrivo at barter arrangementa,” he added. -Associated Press.............
2