Page
MESSAGERIES
MARITIMES
THE CHINA MAIL, FRIDAY, JANUARY 30, 1953.
Is
MM Japanese Cotton Industry IS ROYAL INTEROCEAN LINES
"FNY-HILL."
"LA MARSEILLAISE
***VIETNAM"
I
"DREST"
FRY HULL"
Arriving LeavİNE
..Feb. 24 Mar 14
t
Outward For -
Feb, 2 Japane Feb.
Hy
Tokohama a Kebe
Homeward For
Feb. 17. Attica & Europe!
Į Keelong Fch, 7 Feb.
Hong Kong Fel.
LA BLARNEY. MA (Mar,
**VIETNAM"
*
•
2
Mar. 2
Atar.
Mar ART. $5.
For passenger and freight.
Еигоре N. Africa & Marnelling via Alarifia Marseller via Manila
For freight to Saigon, Marseilles, Algiers, Tangler, Casablanca,
Havre, Dunkirk, Antwerp & Rotterdam.
Accepting cargo:
-via Marseilles to all Mediterrancan & West Africa Ports, -via Djibouti to Madagascar.
Subject To Change Without Notice.
CIE DES MESSAGERIES MARITIMES
P.O. Box 63, Hongkong Queen's Building (gr. floor)
EVERETT
Tel. 26651 (3 lines).
LINES
EVERETT ORIENT LINE Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- Chinn, Siam. Malaya, Rangoon, Calcutta and Chittagong.
"BRADEVERETT"
Arrives -Salla
Feb. 2 from Manila." Feb. 3 for Singapore,
Rangoon & Calcutta,
"REBEVERETT”
Arrives Sufls
Penang,
Yokohama.
Feb. 2 from Singapore.
& Feb. 3 for Kobe
(Accepting cargo for iranshipment Kobe/Puzan and Kobe/Okinawa)
EVERETT STAR LINE
Fast regular freight-refrigerator-passenger service to Korca, Japan, Philippines, Indo- China, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports.
"NORDSTJERNAN”
Arrives
Suits
Feb. 4 from Singapore, Feb. 5 for Kobe and Yokohama,
"STAR ALCYONE”
Arrives Salls
Feb. 19 from Japan. Feb. 20 for Singapore, Fort Swelten- ham. Madrus. Colombo, Bombay, Karachi, Khorram- shahr, Basrah & Babrei,
(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Quoan's Building, Telephone 31206. Chinose Department: Telephone 28293.
TAIPEI'S
Promotion
APPEAL TO Campaign
JAPAN
Taipei, Jan. 20.
Mr K. Y. Yin, Director of
Advocated
Tokyo, Jan. 20. Canada's new Ambassador to Central Trust and the Taiwan Japan, Mr Robert Mayhew, to- Provincial Supply Board, appeal-day urged Japan to organise ed to Japan yesterday in view of big sales promotion campaign the latter's intention to raise the to sell her exports to Canada. consumption tax on brown sugar from Talwan. News.of
concern
Speaking at a lunch given in by the Canatia- his honour Japan Soc
Society.
Me Mayhew sald the Japanese tax
dolls, brocades Japaneso-made increase caused much
Nationalist offelals as the and pearls brought home. as servicemen sale of Talwan brown Bugar gifts by Canadian
Nationalist returning from Korea had had been Government's largest source of a great appeal in Canada. foreign exchange.”
10
has
the
Mr Yin appealed to Japan to exercice foresight in trading with Nationalist China.
eventually find
volume of tho
decreasing.
The consequence would
not
But this first impression had to be followed up by a planned and continuous sales campaign Japan was to get into the Canadian market.
sald that by forcing the Ho.
of Taiwan sugar down prico
Mr Mayhew looked forward below its cast,
Japan would
to an early civil air lines agree- the trade
between Canada, and iwo
countries ment
Japans
The Ambassador sald Jan's would be to the best interest of the Crown Prince Akihito
а receive
royal welcome" when he travels through Canada on his way to the Coronation of Queen Elizabeth at any place where he stopped and Rave Canadians the opportunity of seeing him—Routër,
Japanese, Mr Yin declared. France-Presse.
London Stock
Exchange
-
Bank Announces Appointment
Still Doubtful About America
Lendon. Jan. 20. / Uncertainty about American tarif policies is the greatest deterrent to British exports: to the United
States, the Federation of British In- dustries mid in its current Journal "FBI Review.”
"The outgoing American Administration" have been Grm in their policy of li- beralising the American tariff, but Belilah exporters can have little canidence about exporting to
the United States unfit the new Adminlaration and the new Congress have made their Intentions crystal- clear." _the_Journal såld- Associated Press.
Rhodesian
Power
Scheme Prospects
London, Jan. 20 Four leading British engineers belleve that Northern Rhodesia may be able to supply much more of the power ngedad for her own vital copper industry.
At present the huge copper concerns drow
considerable amount of their electric power from grid system across the border in the Belgian Congo.
Many of them, however, have long believed that they could
costa II cut production
local power output were stopped up And with this in mindi they
four approached
prominent British consulting engineers six months ago.
The copper miners kriew that, two years earlier, these same engineers had reported on the possibility of building the Kariba scheme In Northern Dower Rhodesia. That had been an everall Central African project, But at the time, the engineers had touched on the prospect of using the waters of the Kafue river as n source of power as well.
A direct approach was made to the consultants by Northern Rhodesia to go more fully into the possibilities of the Kafuc.
COULD BE DONE
Preparing For New
Attack On Markets
TOUGHER COMPETITION AHEAD
(By Richard Hughes)
Osaka, Jah, 29.
In the mills and business houses around Osaka, leaders of Japan's cotton industry are re-aligning their forces for a fresh attack on world markets. Tougher competition must be expected from the new-style Japanese industry.
The major cotton groups in Japan are co-operating to hold down wasteful and excessive production, to stabilise the industry, and to rationalise methods of weaving and designing so as to raise quality and lower prices.
An important first move has been the establishment of a Colton Goods Export Adjustment Association, formed to expand exports of cotton products by stabilising prices at international levels,
The association, with a capital | hold.
The other half will be
MORE FAIL
of 1,000,000,000 yen (£1,000,000), | shared by members in proportion will buy, sell and keep in stock | to the purchases made fron cotton goods qualified for export. | them.. The capital will be invested by i member companies, and posses- Įsion of 10,000 working spindles to buy onu enities a member share at a cost of 1.300,000 yen (£1,500 Sterling).
The drive for disciplined co- operation gathered momentum after Japan's delegates Had re-
turned from the recent Interna- tional Textile Conference In
The Japanese wer It is agreed that the associa-London. |tion will handle only cotton yarn. deeply impressed by the dogged cloth and bleached cloth, that resolution of Lancashire to in- it will buy such goods when i crease quality production: domestic prices fall below inter- national levels, and that it will sell goods on hand when their prices rise higher than interna- lonal levels and exports appear difficult.
Half the profit or loss resulting from the purchase and sales of cotton goods will be shared by member companies on the basis of the number of shares they
Report On American
·Trade
"If we do not work together, we shall remain idle separately," one leading Japanese delcgale told his fellow-directors.
H
that
Although it is
is believed the market will eventually be stabilised around £70 to £75 per bale of 20's
20's yarn, Osaka has no illusions about the future.
room'
Another significant trend has been the increasing number of fallures among the small "mush- firms-companies which flourished when the spindic celling WDS lifted by the occupation authorities, but were unable to withstand last year's trade slump,
DEVOUT HOPE
HONGKONG
SHARE MARKET
(From Our Correspondent)
Business done
on the Stock
J
Exchange this morning armount- ed to $108,400. Noon quota- lons and the morning's trans- actions:-- SHARES BUYERS SELLERS SALEN BANKS
JK Bank .. 1420
01423 INSURANCES
Canton..... 250
BIG
1.43 DOCKS, ETC." K. Whart
03 92 N. P. Whart
Provident .. 12.20 13.10 Provident (New)
11.30 Bhai Dock. 180 Wheslack.. 7.95
writers
SIUPTING
AMA Nov.
LAND, ETC.
Hotel BA Lared IK Land (N) Shai Land Humphrey's
UTILITIES
Tram
7.00
13.70
14
1000 $15
8888
23.40 22.00 1000
Star Ferry ALO
2000
1200
20.30
C. Light (0) 33 0,40 200 25 C. Light (N) 420-650 Electric
23.00 Telephone. TOT INDUSTRIALS
Cement ... 1820 Поре ..... STORES, ETC.
Dairy Watson
10 10.20, 1000 @ 1920
24 24.40
1. Crawford 20.10 MISCELLANEOUS
Yangtze ..... 5.90 3.05
The total number of 1952 bankruptcy cases in the Japanese cotton Industry Was ap- proximately 120 compared with 86 in 1951. Washington, Jan. 29. The United States increased Japanese textile authoritics and the "Big Tea" Imports from all continents ex-
companies devoutly cept South me ex-sping
hope that this trend will con- ber, the Government reported,
Imports rose to 918.1 million tinue. It is pointed out that the 'dollars in October from 877.4 5,000 spindles each rose from number of firms of fewer than million In September.
eight in 1951 to 35 in 1952, of Receipts
from
Western eight The engineers have just Europe increased from 160.3 to
fewer than 20,000 spindies from finished their investigations and 187.0 million dollars. Imports 40 to 51, and of fewer than 40,000 they will fly to Northern from Latin America, however, from five to 15. Rhodesia to put their recom-
Many qi the smaller entorprizes dollars.
still mendations before the Governed from 306.6 to 287.2
in existence cannot be ex- thers. W What the consultants
showed
the Jargest
to withstand the pressure pected to have
will recommended
be jump
to shipments the 01
of the world recession, which has secret until omelola in Northern
Slates..
troza compelled United
spinners, from going
fending Rhodesla have been shown the $11,000,000 in September to
by 17.3 hampered higher processing plans. But the thing is defintle; million in October Other ad costs...but
enjoying Anancial the consultant's report is very vances by Western European reserves and world prestige, to favourable.
nations included: Belghim and sell at less than cost that the A Comeback They think that two. Power stations, sited in the heart of wild, scrubby Kafue coun- try, and fed by 13 miles of tunnelling through solid rock from a
a dam,
am, could provide an output of 250,000 kilowatts.
The power, they will tell the Rhodesian officials, could be supplied at a very cheap rate and would cut down the expense of buying power from the Congo,
Good Outlook For Textiles
New York, Jan. 29,
textile in- The American dustry may have one of its best post-war years in 1933, the Journal of Commerce said
"At no time since 1947, when the mills were still riding the crest ot П
in
Luxembourg 14.1 to 19.3 mil- lion and West Germany 18.3 to 22.0 million.
Imports from
Meanwhile, Asia climbed from
155.3 to 150.0 million dollars, from Africa from 30.3 to 35.0 mil lion, and Australla and Oceania from 14.7 to 15.5 million.
The decline in American ex- ports in the same
period, from 1,218.5 million dollars in Sep- tember to
1,193.3 million in October, was due chiefly to a decline in shipments to Western Europe from 430.7 to 352.7 million dollars. Associated
Press,
Expansion
Of U.S.
shortage-Inspired Steel
Plants
New York, Jan 29. Iron and steel .companies in
Iron
COST
new Japanese cotton industry, now being hammered into more efllclent shape for tougher com- petition, will reficet increasingly the opinion, policy and influence off the big old - estabilshed
concerns.
The Rubber
Markets
Japanese
Silk Makes
"THWANOF
TARMAN" BOIREEVAIN" PRYNAAT
SILINGS
• • #28′′Bingapois, : «Bijakarta, ni Romargit. ------ Būrabala da Muenssar -Japan
MAKASSAR” *THILAMPER"
“TUBENTENG"
"THLUWAN"..
"RDISKEVÄIN” "TRIBANTJET"
Fah.
Feb, 19
Feb. 22
Feb 23
Feb. 23
Mar.
"TÁRMAN" "TJIWANGI"
"STRAAT BOENDA" Ma "TJIRODAS"
"THLUWAH"
#TJIBADANE" : "TARMAN" "ÉTRAAT
MAKASSAR"
*TIPONDOK“
"TJIWANGI"
#TJIPANAR" “TJIKAMPER"
***THILUNAU"
"TEGELBERG"
"T/IWANGI"
"TASMAN" "STRAAT
МАКЛЯВАЦ"
"THKAMPEK"
གང་བལ་གླུ་གླམ ཙ ཡང
Xar.
Mar.
Mar. 1
Atar.
Mar.
Mor,
21
Apr. 2
Apr. Apr. D
3
Apr. 14
Apr 22,
#
Port
Feb 3
Yokohania, Nagoya, tsaka & Kata
Kobe, Naewyn a Vokohama
19jakarta Hemarang. Burtain
Macar
•
Menija, Singapore, 1. & 8. Africa &
B América
Hingapore.
Djakarta,
Aurabala & Atxeafske ·
RIDERPOLE..
kemarang.
Jakarta. Ataurlins,
X. Atrien & %. America
Djakarta Hemarang, ; Kursbala.
Macana
Kingapore, Penang & Relawan Delt Djakarta, Semarang. Ridgapore,
Burabala: Atacassar
Japart. pjakarta,
Blac
Semarang.
**Hurabala
Blakaria, Remarang,
Surabain & Alacasese
Япрай
Гаран
NARDY
Mir, Bingaporej Djakaria, -----Materisiun, -R: - Mrica.... – A...
America Djakarta, Semarang, Sarabats A
Kicker
Kingapore. Djakarta,
Barabaia & ́stacassar
Remarang.
Manila, Hingapore,, E. &, K. Africa Djakaria," Semaenna, Stradala *
Масакад
Singapore.
jakarta, Armarang,
Kurabala & MarasiAZ
Singapore,
Jakarta. Mauritius,
8. Atties & H. Ametien
ARRIVALS
Yeb. #.
Fib. 7
From
A
Djakarta. Semarang, Rurabata
Масалат Singapore. Penang & Delawan Deli 8. America, R. Africa, Mattrition,
Singapore & Manila Japan
KING'S BUILDING, Ground Floor
TEL. 28015/18.
CHINESE AGENTS: 82 CONNAUGHT RD. C. TELS. 31190, 23138,
MAERSK LINE
FAST FORTNIGHTLY BERVICE TO:
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Calling Vancouver,
M.S."TREIN MAERSK”
M.S.
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Fcb. 2 Feb. 11
Mar. 4
Feb. 6
Feb. 20
Feb. 28
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Tel. Nos. 36066-9.
Dates and rotation subject to chavre without notice. At überly to proceed via other porta to- bad/discharge cargo,
A Comeback Japan's Admission
Tokyo, Jan. 28. The Japanese sericultural in- dustry, in the midst of a spirit- ed comeback drive, produced a post-war record 258,687 bales of raw silk in 1952, the Japanese Government announced today,
The Agriculture and Forestry Ministry, which Inade the survey, cald the figure was 10 per cent over the production for 1951 and
the highest since World
II: alik makers launched five-year programme in 1931 to put silk back where it was before mynthetic bres cecame popular during the war.
11
20.
ከን
London, Jan. The rubber market was un- certain. Prices closed follows:-- Number 1 rubber, per ib.
in pence
March..
April/June July/September October/December
United Press, NEW YORK MARKET
New York, Jan. 29. Prices of number 1 rubber futures closed unchanged to 15
lower. March
27.25 bld
27.74 bid
d.30 bid 25.30 bli 25.26 nom.
Ju
September December March Spot
United Pres.
boom, have the prospects soem- ed brighter," tho business paper's textile editor, Douglas
sald. Pidgeon,
He added: "One of the most the United States spent a record May favourable factors operating in $1,170,000,000 to expand and im- the market is the change in prove their plants last year, alltude on the part of textile American
and Steel buyers and manufacturers since Institute reports.
the combined Simultaneously The fact that the now Pre- annual steel capacity of the com- skient has surrounded himself
mode the greatest yearly with men who have spent mast of their lives dealing with the hard facts of business has given
to the confidence There had been
the elections.
་་
in history, rising nearly New York Sugar 9,000,000 net, tons to a new high of 117.5 milion industry and
tons of Ingots steel for castings. widespread
uneasiness in the textile tendes With lust year's large capital re-expenditure, Ove 8.6 bilion over, future-controls and gulating policies until election."-Associated Pres.
and
companies for now equipment construction during ** the
LONDON TIN MARKET
Futures
Jap for I
Raw silk exparts gained only three per cent last year over 1951, according to the Gover- ment release, however. Ship- ments abroad totalled 101,067 bales but demestie demand, booming 33 per cent over the previous year, took core of the supply.
ན ་ As a result, slik stockpiles in Japan at the end of the year totalled 11,607 baics, 32 per cent Icss than on December 31, 1951. -United Press.
To Tariff Pact Believed Certain
Geneva, Jan, 20.
Japan will probably 'get the green light to join the General Agreement on Tariffs and Trade at a special GATT session starting here on Monday, according to International trade officiais.
While Japan will gain some legal and economie advantages from membership its chief motives for joining are said to be prestige, both psychological and political..
Observers say that Japan wants'
"Why not keep them insidu to regain its place in world affairs and keep them under control?” and play a leading role in an offeint asked. "They will, shaping world commercial policy, havo to accept the rules of tho Both Germany and Italy were game. Alsu this will keep welcomed into the GATT but Japan from resorting to unfair the Japanese
application been
L
the
any
delayed by British as trade practices such as its pré- and wor foiso labels and phòny imita....
at tions of American Commonwealth objections
or Britishs every turn, observers sny. This products. Japan has an "delayed
Willingness GATT which
enormous
ous productive
potentiaz reason for the Inter-sessional committee of 15 11n can be an enormous asset. made some room must be nations starting on Monday.
to allow for Japanese departs economic development. Japan membership by proposing is to have a viable econdmy, It new GATT rules that would must expand. It cannot stand affect all members but would be still."-United Press, reliable sources. directed at Japan, according to
JAPAN'S DELEGATION
CERTIFICATES
OF ORIGIN
and
mient
Wasitington, Jan. 29. The Agency for the Control of Foreign Investments an- nounced today that an
Such proposals might force all agree
London, Jan. 30, meat has
Mr Takushii Hara, Financial been reached with members to maintain wage rates,
Attache at the Japanese Ent=. Japan to prevent goods origin- protection against low-
Japanese labour, priced oting from continental · China
bassy here, is flying to Geneva.. contain rules forbidding unfair today to be the deputy leader being re-exported New York, Jan 29,
to the United
trade practices, of which Japan of the Japanese delegation to the dollars has been invested by the today 1 higher to 4 lower with
closed States as Japanese products. was accused before the war. - World mugar · futures
As the result of the
Ogree.
The special session will be the
the Inter-sessional commitico sales totalling 02 contracts.
ment-the Japanese Government { declaivo one because it contains meeting of the General Agree=" Contract No. 6 closed unwi from
on supply ex-
almost half the membership and (GATT).
and on Tariffs Row seven post-war years-1040 to changed to 2 points higher with
porters of 1959.
ecificates bristles with the bulk of the most important
Febr of origin Every
during
sales totalling 208 contracts, those
trading nations.
The meeting begins on The agreement will eventually
ONE VIEWPOINT. Vuary 2, and the Japanese dole- seven years an average of about Contract No. 4 (world) be extended to other. goods..... $1,260 has been laid out by the March
It will recommend that galion, will be led by Me Toru meeting Japan MA similar pogreement, was Paris, Jan. 29,
companies to increase the May
should be called at Hagiwara, Japan's Minister to eoncluded recently between the which
negotiate Switzerland, 6
AND The International Bank for
Will strength of the world's greatest July London Jan. 29.
U. S. and the Hongkong Govern tariff concessions. GATT, omeinis Septemb
The inter-scantonal and Develop- Reconstructiori
steef industry. During the seven" „Octob nanounced today
The tin market was steady years the nation's total teclubry (1994) inent;
that
say that membership, at the will discuss the time and condi- Turn- Francois-Didier bonds closed M.
earliest, cannot come before the tions of Japan's application to Greghma, quiet this morning.
end of.
the year
officinis accedo; to Bpot German Inspector of Finance, has been over, svu 15 tons, including Ave Capacity has been increased by Astyn
ahould deolde tons for mid-Febrstany,Prices more than 29.0 million ton closed at the end of the official This year another large outlay will be made. The amount will
Pilottars March be about $1,000,000 according to present plans of the May
As a result sibel, septemf companies. capacity will He further Increased Novembe
Marcar (1954) by about 4,000,000 tons. Associated Press.
London, Jan, 20.. Gold shares lifted on the London Stock Exchange, today but eased later on profit-tüking.
Coppern and diamonds were briefly activo but both closed with small losses;
Governtsent
bonds, Improved but Japanese appointed
of
the
declined. Shipping Jesues Division of Operations for Asia morning session ne follow
gerlerally unchanged.
generally gained,
Japanese bonds A £46, of 1090)
• Consola (@-1/10/-/juocisted.
atst United P2036
"D" 10% of 1031)
1933)
In
Director
East Cand the Middle
Washington, DE SATILIK
Mr Gröghina `e wan› totniarly Director of the Budget at the French Finance Ministry. `---- Franco-Presen, S
#potin, buyers at 003 Foot Un. 187
Business domes pār playin Throoponiting buyers pe Theye-monta tin, weilera av DIS Business done at Belenens
DIS
005
Inited Press.
Epot
3.83
3.75 nominat ment-France-Presse,
Contract, Na..
miting
Somo, GHGH General Agree
Bexchango, Katesen az na Jabaleia mares Mig/les Serrurimin
Business was done in the went again. L
ottelal morning at the following jraterieedi
fir Japan's
exchange market request 50r, memalt: farch |á-full-resoras DE UNA
eut The Japanese
ar
and propare Government in
U.S..dollar (por.31)..... aozsmado Inst July. It'inis Sterling, blo" (per Z) 390-10.74 Japon to do business, on a indonesiar aqulidere (per 100) 300 throat 'bhair which would dierunt: July, 1982 stated this, it wanted
world trade more than if Japan to nemtinio for accessioni 1ints · la brought into the organisation, | GATTANQUET."
stant: ticals =(por: 100)
Bingapore (Siraits)
VIC plastroď (per 100).
34.00
∙to