Page
MESSAGERIES
Ogfwarde
M
MARITIMES
M
PASSENGERS/FREIGHT SERVICE
LA MARSTBLAISE *FELIX ROBAKEN.”
Homewards
LA MARSEILLAISE" FELIX ROUSSEL
Leaves Marvellies
10 Jan
20 M
Llaves Hongkong.
22 Apr.
via Marseilles in all Mediteranean &
vin Djibouti to Madagaswar,
Elwards
"MEINAM
Homeward
RY DI1,"
"MEINAM"
*COUSINE ULLES
Nur Hongkong
1'or
Off Purl
Teja
22 Apr.
Manila
Line Marseilles
Vis
1 Apr
21 May
FREIGHT SERVICE.
147)lled
Leaves
Keelnug 10 Min.
Keelunge Apr.
Kairon
Raigon West Africa ports.
Die Bengkong For 11-10 Mat.
Japan
Der Hongkong Fue
12-11 Mar. * Alar. do it,
Saigon, Marseilles. Algiers, Tangiers, Casablanco,
Le Havre, Antwerp, Rollertiam & Dunkirk
CIE DES MESSAGERIES MARITIMES
P.O. Box 53, Hongkong
Queen's Building (Gr. Finor)
EVERETT
Tel. 26651 (3 lints).
LINES
EVERETT ORIENT LINE
Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Rangoon, Calcutta and Chittagong.
"REBEVERETT"
Arrives Saite
Mar. 2, from Manila,
Mar. # for Singapore, Penang
Itangoon & Calcutta,
"LENEVERETT"
Arrives Sails
Mar. Mar
2 from Singapore.
זיין
Kobe 2. Yokohama,
(Accepting cargo for transhipment) Kabe/Pusan and Kobe/Okinawa)
EVERETT STAR LINE
Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China,
Siam, Malaya, Colombo, Bomboy, Karachi and Persian Gulf Ports,
"NORDSTJERNAN”
Arrives Sails
Mur, Mar.
5
"THAI"
Arrives Sails
from Japan.
for Singapore, Part Swetten- Lain, Madras, Columbo, Homhay, Kurachl, Kharram- shahr, Basrah & Bahrein,
Mar.. 7 from Singapore,. Mar.. B for Robe & Yokohama.
(Accepting cargo for transhipment) Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephono 31206. Chinese Department: Telephono 28293.
New Way Of HONGKONG
Prospecting
For Oil
London, Feb. 23.
The first preparations for a
SHARE MARKET
(From Our Correspondent)`
the Stock
Hurinees done on
of oil pros, Exchange this morning amounted
w type survey are under way' in
A Brush firm, Hunting Geo-to $267.238, Noon quotations and physics Limited, which is under the morning's transactions: Contract to the Australasian SHARES BUYERS BELLERS SALES Petroleum Co. Pty. Lid,, and the Island Exploration Co, Pty. Ltd., has begun an airboing magneto- ineter sweep of a large area of the country,
BANKS
HK. Bank XD 1360 1373
INSURANCES
Untou
780 TO 20 700
0919
DCCKS, ETC K. Whart Provident ... 12.70 12.00 500 12.30 S'hal Duck 220
The survey will produce a regional magnetle map of the area. From this, geologists anci geophysicists of the prospecting all companies, in which the Anglo-Iranian Oll Company is a partner with Australian and LAND, ETC. American
companies, determine
will
the most suitable areas for ground prospecting. A specially-equipped amphibian aircraft is being used. Inter- pretation of the data and com- pllation of the magnetic maps will be done in London,
IX. Hutri IX. Land (O 1. Land (N) S'hoi Land
Humphreys Realty... 25 UTILITIES
Tram Mar Ferry 21.80
XD
7.00
2000 7.00
53 549% 1.60 1.63 1500 6 1.03
4000 2. 13.00 1900 de 13.70 2000 13 00
110
1200 2115
4500
C. Light (0) 93⁄41⁄21⁄2
C. Light (N)
04.15 200 g 0.05 23.60 23,70 700 st 23.80
The magnetometer - and adaptation was used during the wor for detecting submarines from the air-measures changas
Electric In the earth's magnetle feld.
INDUSTRIALS Magnelle maps, which give
Cement. 17% 17.60 1500 17! general picture of the under- ground structures, are compiled STORES, ETC. from the date obtained.
a
Geologists and geophysicists are thus able to identify structures
Dairy
Watson Lane,
Crawford 20.70
19 19.30 300 ca is 21,50
300 ₪ 24,40
that arc worthy of further COTTONS
examination by ground parties
and, possibly, by test drilling.
Ewodu, 240-
The Intent project da one of MISCELLANEOUS
many undertaken by the two
*prospecting companies during
for
their
oll
the past 10 yeurs in exhaustive search in Now Guinea. At present there are two geological and three geophysical parties work- Ing on the ground in extremely difficult junglo, conditions. It is hoped, that the serial survey will enable them to restrict their areas of examination to those with the most promise,
Yanglaze... 0.05
2000 @ 0.85
Exchange Rates
ea
Business was done in. the locat
exchange
this market morning at the following rates¦--- UB. dollar (pre si) A
4.0318 Sterling note per 1
16.00 Indonesian guilders (per 100) 12.30 51am ticals (per 100) Singapore (Strett))
| FIC plastras (per 100)
THE CHINA MAIL, TUESDAY, FEBRUARY 24, 1953.
Bank Mission To Germany
New York, Feb. 23. The World Bank send an
will
exploratory ml. sion to Western Germany In March, Bank wald,
Western Germany, which became a member of the Bank in Beptember, td. quested the mission to re- view the German economie situation. It is understood the mission will
discuss nuy speelfle Joan profecta that may be advabred by The Horn Goverthient. Associated Press,
Italy And Japan Get Orders
For Ships
New York, Feb, 23. Haly and Japan have received two priers apiece for construction ceenn-going tonkers, the Ameriena Bureau of Shipping reported,
The Mediterranean Com- pagnia in Armamento of Palio ordered a 31,500 dead- weight to tanker (19,300 gruss lens) from the Cantiere Navale of Monfalcone, Italy, while an
Italian yard, Contierl Naval of Taranto, received an order for a 19.000 deadweight lon tanker (13.030 gross tons) from Fausto S. A. di Navagazione of Genna.
Page 1'
Free Trade Advocates ROYAL INTEROCEAN LINES
On The Increase In United States
New York, Feb. 29.
Free trade advocates appeared in many corners of the nation's business and industry last week,
I
Henry Ford II proposed scrapping all tariffs and import restric- tions. His was not the first talk of free trade in recent months. But his. speech drew more attention and comment.
It more or less followed the policy statement of the Deirolt Board of Cóm- merce last October. It brought out a large number of advocates and it uncovered a few dissenters.
Meanwhile, price controls came į support the off another long long list of items Government -thin the more than $50,000,- | basic farm 000,000 worth of business annual-intaimmun ly was represented on the list. parity.
A clash over tax policy was in the making in Washington. President Dwight D. Eisenhower sal fax cuts must be deferred until a balanced budget is in sight.
law providing. for price support for commodilics at a
of 20 per cent of
The koy industrial figures showed production at its usual high level with ear output the higheel since April 21, 1951,
The total car output for the A House Committer said tax week was 160,019 units compared with 147,102 the previous week and 10,542 a year ago.
reduction must be the first order of business in Congress.
flous this week,
Charter Rates Firming Up
New York, Fib. 23. Charter rates for elemn (light The car industry said aoil) tankers are showing some substantial part of its capacity Arming tendencies in un other- was devoted to prins productian. Į wise dull tanker and trump shập But word from Detroit was that markel, industry Suurees the Industry little concerned purted.' with what siden cutbacks might do to its overall operations.
An
"STRAAT SOENDA" Mar." *TSIWANGI”
"TJIPONDOK"
MAKASSAR“
"TJÍKAMPEX" "TEGELDÈita" “TJIWANGI"
"TJIPANAS" "VAN BEUT9Z"
BAILINGS
Yokohama,
To
Yokkaichi
Ka Кова
Bingspora. Djakarta, Semarabe.
Semarang.
•
Mar. 2
Mar. D
“Burabala & Macaviar Djaketla, Nemarang, Karembala 2
Macassar
"TASMAN"
Mir, t
"TJILUWAH"
"TIBAUANEN HATRAAT
Már. AR
Mar. 17
Mar. 17
Star.
23
Mar. 20 Apr. ·
Apr. 2 Apt. 1
"THUANTJET" "TIILUWAR* "TEHELDERLE”
"TJIPONBOK"
Apr. 14
Apr. 22
Apr.
23
Apr.
**THWANG
May
"STRAAT BANKA"
May 4
"TJIKAMPEK"
*TJILUWAN".
May 9
Mtay 14
"RUYS"
"TSBANTJET“
**TJITJALENGKA" MAY 16 May 24
May 23.
Hingapore, Thning, Belawan Dell de
Anarkista
gforspots, Djakarta.
Nuradila & Macassar
Japan
Manila, Miri, Slugapore, Ujakarta,
stautu, 8. Afelen & §. America Djakarta, Semarang, Surabala
Mocalize
Japan
bingapore, DJakarta, Remarang,
"Hurabala & "Mnexiar
Manila, Singapore, E. &.8. Africa Japan
bjakaria, Acusarang, Burabala
Macassar
singapore, jakarta, Armatan,
Autabala & Marnstar
Hingapore, Dikkatta. Mauritius,
B. Africa & R. Amerlea jjakarta, Sematana, Barabala
Macasar
Janah
Singapore, Djakarta. Remarang,
Surabala alaramar
Manila, Kingapore, E. & R. Attem Bjakert, Heniarang. Burabala
Macasat
Singapore, #jakmita.
Purabala & Macassar
Japan
bingapore, Djakarta, Matitties, Bouth Africa & 8. America. Djakarta REMATAHA Surabalz
Mataisas
ARRIVALS
From
Kurabala, Jakarta & Singapore
5. & F. Africa, Maurkik & Singapore Saham
*******
Maranat,
Yux
"TJIWANGI"
Feb.
"STRAAT 806NDA- Mar. #TIPONDOR" "TASMAN"
20
atur.
Mar.
*
Тарап
WAN
And industrial production rolled along at its familiar fast while retai) merchants pace continued to report larger sales than a year ago,
The old Detroit Board of Com-
Two clean tankers have been merge statement an free trade
chartered by British firms for reflected the feeling of those The carmakers do not agree single voyages from thờ Gulf of who spoke out for tariff reduc- with the suggestion that much Mexico to the United Kingdom
of the nation's
Commission the Maritime prosperity deat pends upon continued high arms scale plus 20 per cent, REDUCTION FAVOURED
production.
American tanker chartered for a Gulf voyage at "Warte trade is a two-way
They say simply that as de-Maritime Commission scale plus street," the Detroit statement fence spending is curtailed, they 15 per cent, to be followed by had said. "We cannot forever will build more civilian cars and
a trip from the Gulf to the to sell if we refuse to
trucks.
American West coast at Muriline The nation's steel mills Commission sente plat five por Advocates of free trade want scheduled record-equalling pro-cent. to remove ali quota restrictions duction last week.
Meantime, rates for foreign The American Iron & "Buy America
Stec vessels in Institute estimated production
the constwise heavy would
oil trade are total 2,248,000 tons of One tanker accepted
reported weaker. a charter ingots and steel for castings and for three consecutive trips from operations would be at 99.7 per the Caribbean to an East coast cent of capacity.
port at a level 35 per cent below while other tankers willing to be the Maritime Commission scale. chartered at this rate unable to do so..
American heavy oil carriers continued to obtain rates 10 per cent
below Maritime Commission sexle for voyages up the coast
Nitto Shosen Kaisha, of Tokyo, olered an 18,700 dearlweight ton (12,050 gross tons) lanker from Mikaibishi Nippots Heavy In- dustries of Yokohama, Japan. And Nippon On Tanker Co, or and repeal the Rered 20,500 deadweight ton | Act", which requires that the (13,000 gross tons; tanker from bulk of Government purchases Mitsubishi Shipbuilding ond
from United States Orms come Enghering Co., Nagasti.
regardless of price or quality."
A group of businessmen at tending the Chicago world tratte conference favoured a reduction
Meantime, President Walter Green of the American Bureau of Shipping said that despite de- clining freight and churler cats, the rising volume of new vessel construction reflects the เม Idence shipowners of the world hold for the future. He noted that since the start of 1951 the volume of new constructiort orders al shipyards of the world have almost doubled, with the rise last year mounting to well over 1.5 million tons.
of tariffs.
They heard John S. Coleman, President of the Detroit Board "The of Commerce, tell them: world can only earn the dollars necessary to maintain interna- tional trade at a high level if we practise the free competition we preach."
The Dutch Ambassador, J. 11. Van Roijen, said of Mr Ford's proposal: "Anything working Toward
Of the total work in hand,
making international somewhat over 60 per cent trade vasier is to be supported. represented by tanker construc-It would be very helpful if the
tion and one-third for colliers, are carriers and cargo vessels. Weakest
the lead, in this matter," spot in the building picture is orders for passenger and combination ships
which account for only six per cent of the total.
United States, which has led
in so many things, should take
Britain holds 40 per cent of the world's total new orders, with Western Germany in spond place, Sweden
and the third, United States a poor fourth with - less than-nine-per-cent. _of..live. World total. Most of the American orders are for tanker, Green reported. Associated Fress.
Indian Rice
Experiments
SOME OPPOSITION
Among the dissenters to the free trade Idea was H. D. McClelland, Chairman.. of Universal Potteries.
Ford to back He asked Mr down from his public support of free trade on the ground that
is
the motor magnate's stand "is un insult to the intelligence of the American workman."
"You would have them drop their high standard of living and pave the way for cheap foreign- made
which merchandise manufactured with starvation wages," Mr McClelland said.
The new list of decontrol orders last week ranged from toothpaste to locomotives, left only 13 per cent of all articles in the Government's cast-of-living index still under full
l control. Omcials said some prices will rise slightly but many are cx- pected to remain an even
iceel.
These figures equal the highest ever attained. The mark was first sat a month ago in the week of January 19 and was equaled the week before last.-Associated Press.
Japanese Delegation In Cyprus
Nicosia, Feb. 22,
were
from the United States Gulf, but with more tanker than new business in sight, the signs point tu a possible further weakening In rates,
In the tramp ship market there is an almost complete lack of orders for coal ships and little new inquiry for grain carriers,
Several vessels have been chattered 10
coal carry Western Germany and Italy, but
chartered
the
KING'S BUILDING, Ground Floor
Semarang,
Bemerang,
TEL. 28015/18.
CHINESE AGENTS: 82 CONNAUGHT RN, C. TELS, 31100, 25138,
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK. HOSTON, BALTIMORE & PHILADELPHIA vis BAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
M.S. "TREIN MAERSK" *M.S.
M.S.
"NICOLINE MAERSK"
"ANNA MAERSK”
Calling Vancouver.
ARRIVALS FROM U.S.A.
"PETER MAERSK”
M.S.
M.S. "ANNA MAERSK”
to
M.S. "LEXA MAERSK"
A Japanese trade delegatiunt, they were now on an extensive tour of European market, brokers sakd. East Africa and the Middle East In contrast to this
situation. applies to foreign to capture pre-war markets, is which seeking to woo the British Em-tramps, the market for American
continues
extremely pire into stepping up her trade vessels with Japan,
strong under the demands of the
Sea The delegation, which has just Military
Transportation completed its talks in Cyprus. Service. This unusual situation stated they have already made has raised the churter level for successful contacts in Kenya, American tonnage to about twice Tanganyika and Uganda; to that of comparable foreign tramj these countries I offered barter ships, which, the brokers declare, #greements.
is distressing some European
The delegation also expressed mation; which must abide by the Its readiness to thy 20,000 bales "50-50" requirements of United of Uganda cotton costing over States foreign aid legislation.—
£1,000,000.
Associated Press.
bre
In Pakistan, the delegates re- vealed, the deletion con- Isolidated its trade links. Two hundred Japanese technicians alrandy there, teaching Pakistanis how to develop a textile cottage industry.
The delegation,
is which travelling at the Japanese Gov- ernment's expense, is offering similar technical ald lo other Commonwealth drea "to help develop local potential."
In the field of retail trade attractive promotions and easy credit terms were credited with holding up sales.
the
Washington, Feb. 23, A booklet issued by the United Nations Department of Public Information reports 03 rice hybridisation project in India and its importance to many coun- tries in that part of the world. 1: paints out that the rice by the project was sponsored
MORE NUMEROUS Food and Agricultural Organisa- tion of the United Nations.
Dun and
Bradstreet, Ten countries-India, Pakistan, business reporting service, sald Burma, Ceylan, Indonesia, Indo-
that again
merchants with China, Thailand, Malaya, Phillp-smaller volume of business were plaes and Japan-are taking part more numorous than in recent in it. The Indian Government months although the
overall has made available necessary
Agure was higher, Ian and other facilities for carrying out the experiments in Orissa. The purpose of experi- rice yield ements is to Increase
cdapting through hybridisation,
ons in different countries.
The service added that utt- favourable comparisons COR- inued to come from some large Eastern citles affected
In Cyprus, they told the authorities that Japan wishes at Icast to treble its trade with the fstand.
Silk Claim
By U.S.
The Rubber
Markets
Singapore, Feb. 23, Prices of rubber futures closed today as follows:- Number 1 rubber, per 1.
70-791;
791-701
Match April May Number 2 rubber, March 745-75 Number rubber. March 1032-71 Number 4 rubber. Epht rubber, unbaled
Blanket crepe
to. 1 pale èrepe
7710-7841
BN-70 02.07
died Press.
LONDON MARKET
London, Feb. 23. Prices of rubber futures closed today as follows:-- Number 1 rubber, in pence
Tokyo, Feb. 23. The Japanese Central Sukri.
will hold
b
jark
April/Julie
by technique to suit dillerent condi- Population shifts to the suburbs. Yarn Association
practice of late shopping meeting with manufacturers of July/September hours appeared slowing,
to be
theduplon silk to discuss an Ameri- October/December "This takes time but rewards service said, as some large stores can company's claim for damages are high," the report says. "If in the East announced a return on a shipment of that commodity
openings. suitable hybrid to ene-night-n-week
exported to New York for example,
There was quite a bit of talk Summnes. could be produced for India, it is
form prices during the theoretically possible to double about
week. Secretary of Agriculture quantitatively at least would transform the precarious foad situation in Indie."United Press.
According to Japanese reports,
the rice yield from the existing Bouson has come in for a good | vome dealers were reluctant to
nereages which
LONDON TIN
MARKET
London, Feb. 23. The tin market was · steally and quiet today. Turnover wis 15 tona, nothing for cash. Prices closed at the end of the official morning session as fol- lowst
bit of Congressional
22-15/18-1
228-1 -Vislied Press,
Mar. 4
Mar.
18
Apr. 2
Mar.
Mar.
Mar. 22
For Freight and Further Particulars please apply to:-
AGENTS:
JERSEN & CO.
Pedder Building.
Tel. Nos. 36066-9.
-Dates and - rotation-subject to change - without notice,` At liberty to proceed via other parts to toad/discharge cargo.
M.V. "LA MARSEILLAISE"
will sail for
Yokohama and Kobe
on
WEDNESDAY, 25th February 1953
at 2
p.m.
Passengers are requested to board the vessel with their cabin baggage on the 25th February, between 3 and 7 p.m. Baggage Room and Hold Baggage will be registered at | Kowloon Godown No. 50 (No. 2 Gate, Canton Road Entrance) on 24th February between 2 and 5 p.m. and on the 26th February from 9 a.m. to noon only. No baggage will be registered after this time.
CIE DES MESSAGERIES MARITIMES
Tel: 26661
Budget Surplus Queen's Building
Expected
Capetown, Feb. 23.
He said that intensive efforts
criticism, mest the American claim on the especially from Democrats who ground that there was still some. Bay nothing has been done about | doubt as to which side wan South Africa expected to end falling farm prices.
responsible for the damage, this year with a surplus of at President Eisenhower Bald Others, however, were reported least £0,000,000, the Minister during the week that farm prices to favour promptly paying the of Finance, Mr N. Havengo, are a serious problem. But he damage in the interest of good announced tonight. was confident his Administration trade relations between the U.S.
and Japan. would be able to handle it.
He said the difficulties presented by failing term prices wore lagrely inherited from the Democratie' Administration. TO KEEP BUPront
sild that in The President one move to Improve the situa
"
TC-
tion, the armed services are
being urged to *Maintain maximum purchases of beef to Moj help keep its price from deelin-
Epol tin, buyers
Spot tin, sellers
Business done al
nik
Three-months tin: buyers.
Tiree-montfin tin, sellers
241
ing, furler.**
Business done
Betlement
903
ted - Press,
And he said
to accelerate the collection of arrears in current taxes was Japan exported more than producing resulta beyond ex- 10,000 bales of duplon or shan-pectations-Router. tung silk in 1982, a 30 per cent Increase over the previous year, -United Press,
Holiday In America
New York, Feb. 23.
All the US markets, werd closed today In bblervance de
NOTICE TO PASSENGERS
Passengers are requested to note that the "La Marseillaise" will sail for Japan on Wednesday February 25th 1953, at 8 p.m. instead of at 10 p.m. as previously announced.
Passengers are consequently requested to board the JAPANESE BONDS vessel with their cabin baggage on the 25th February, between 3 and 7 p.m. The times for registration of baggage remain unchanged,
London, Feb. 23.
31
Sopanese bonds
"A" (la, of 1098)
MT!! (4s, of 1030) MC 183. of 1907)
p (55. of 1934)
"E (549, of 1038)
he intends to Washington's Birthday-United | Comicla keep his campaign pledge to Press.
7314
130
10494
130
69%
United Press.
CIE DES MEssageries MARITIMES Queen's Building
Tel: 28081