MARITIMES
M
PASSENGERS/FREIGHT SERVICE
"FELIX ROUSSEL”
"LA MAKSEILLAISE"
XXWWAY &
Leaves Marsellias
stiled
klaughong
1- Apr.
17 Apr. Hongkong
-10-12 May
For Manila Yokohama)
"Due Marnation Vis
19 Apt,
Baigon Halgon
"FELIX ROUSSEL” ... "LA MARSEILLAISE” 12-23 May
AVEN DE
13 Jub
vin Marseilles to all Mediterroncin & West Africa porta. via Djibouti to Madagascar.
Outwarda *MONKAY"
T!omewards
The United Kingdom's "gross national pro- duct" increased from £12,537m. In 1951 to £13,648m. in 1952, or by nearly 9 per cent., ac- EINAM" cording to the annual estimates of the national income, published as a White Paper.
The items comprised in this gross total include expenditure for personal consumption, fixed capi tal formation and income derived from exports and other oversea transactions, and all of these are estimated to have been higher in 1952 than in 1951. London, Apr. 15.
It is emphasized in officina The future of the British cot-quarters, however, that these ton industry lies with fewer increases, which are EXDOLLY but better machines more econo contrary to movements
the mically worked and with a more shown in the Economie Survey deliberate selling polley in place for 1953, are more apparent than
sales of catch - as - catch - con
reni. methods,
10
All the estimates appearing
in the White Paper on national income are made at current prices, or money terms, while Agures in the
Economic Survey had been re- valued at constant prices and were therefore in real terms.
The share of the national product taken by wages and salaries increased by £545m. in 1952 or by 1 per cent from £7,790m. In 1951 to £8,336m. in 1952,
Between
1950 and increase was £000m. per cent.
This view was expressed by Sir Raymond Street, chairman of Lord Mancroft replied that the British Cotton Board, in an while the Government shared article on the past achievements e of the his views as to the potential and future prospects of Lan- importance of the Chinese mor-cashire's cotton industry. kei to British trade and com- Writing in a special issue of meree, they were obliged, In the
Guardian Manchester necordance with the United commemorate the hundredth an- Nations resolution of May
of the raising of Man- 1951, to take all possible steps
teps chrissy of the rear the British to prevent the export to China cotton industry-to the situs of of any goods which would be
a City, Sir Raymond admitted of military and strategic im-
that his prescription for the in- portance to the Chinese forces dustry was not everywhere ac- in Korea
The Government have kept cepted in Lancashire. strictly resolution and is published cinbargo list to constantly under review, The Government
will be prepared consider, in consultation with other nations, the addition or deletion of any Item if strategic considerations warrant such action."
to the
of
10
terms of the
Trade
assist
He was convinced, however, that
modern plant
and better selling methods were the keys to prosperity and stable em ployment, and he had conelder- able confidence in Lancashire's to develop on these lines. we are well organise," h went on. "No industry is better placed in that regard or from the standpoint of
he
1051 the or 1111⁄2
MAIN FACTOR IN FALL The
The gross trading profits of companies (including provision for depreciation) fell by £170m. or 7 per cent, between 1931 and 1952-the first decline since the end of the war,
The main factor in the fall was the reduction of stock up- preciation from £900m. in 1051
Tokyo, Apr. 15. The Ministry of Trade and
Lord Elibank asked if Immediate plans call for build-Industry, concerned at the re- ing up
up the merchant deet to newed decline in cotton-textle Government would be prepared 4,000,000 tons by 1957 by which shipments, is preparing to sur- to take steps to set up a com- twe Line Japanese
ships will
vey conditions within
in-mittee clther the dustry with view to shaping Board carrying 50 per cent of
new polley of ensuring ade- Lkences goods.
quate supplies, of raw cotton and reducing prices.
The chief of the Ministry's Textile Bureau stated that, with the cost of
cation Glanding at 50,000 yen (£67 cost of 10s) per bale, and the processing at about 15,000 yen per bale, the wholesale price should be 73,000 yen. In fact, however, 10,000 yen. prices have recently been about
theplaced in that lations he to an estimate of nil in 1952.
tween the different interests in- the volved. Manchester may not be Export 50
50 predominantly Coltonom its as it was, but my grandson, Department in very difficult task, or con- in 1951, will find in the 21st stitule an appeal court for Century that dextiles, even it British Industry which felt it not always made of the natural a main was not getting satisfaction un-cotton fibre, will still be a der the export licences scheme.prop to the city's economy.
"LESS SCRUPULOUS"
About half a million tons of new Japanese shipping were added last year and a similar tonnage will be built this year,
to the according
reported Japanese plans.
to
The Times said the lack of fast freighters so far hus affected the Japanese services on all runs
especially
Europe, And
Tho Australia and New York. Times summed up: "The coming uld for a better share in these the first sounds like services
attempt Japanese shipowners to their flag back on world routes," United PreES,
determined
raw
Lord Mancroft did not reply but Lord Stansgate asked if it was not a fact that an order for chemicals, worth a very
offered prevailing large sum, was
Lo the British chemical industry, that the industry was forbidden to rend the goods abroad by the Board of Trade, and that it was taken up by a German firm.
aware
Mr Tokunaga added: "It should be emphasised that, so as any plan developed by the Ministry is concerned, price
of
the
get
far
QUIET DAY IN COTTON MARKET
to
is a secondary consideration. Lord Monerofi-I_am_ Our primary objective is to of the case in point. The Red secure steady and adequate sup-Cross may not operate in China plies of raw cotton. To the ex- and are not in a position tent that prices affect the at-send supplies. A limited quan- tainment of that objective the tity is allowed to be sent factor will be considered."
normal commercial Turning to future prospects, channels for essential civilian Mr Tokunaga sald he consider purposes. I think many
other ed that a proper and reasonable countries do not carry out their export target for Japan's cot part of the bargain with 'he rame ton Industry at this
time was scrupulous accuracy as we ob- thousand million square yards serve, which is a large part of annually the figure attained the trouble." in 1951 and slightly below es Lord Stansgate said the or- fimales tabled at the Buxton der was worth £500,000, and conference. New York. Apr. 15.
was taken up by West German This target Cotton trading today again
Japon manufacturers. proved to be
falled to achieve last year by a extremely
Lord Ogmore - Have tame affair. In slow dealings, margin of 250 million square Government arrived at any de-
withla # prices ser-sawed
yards) "represents the volume cision' with reference 10 the seven-point range and manage of overseas shipments needed order for 10,000 tons of tin-
previous to keep Japan's keep about the
cotton-icxlile plate by China? That is worth industry going."
something close most of the day.
in the order of £500.000.
ASSURANCE ASKED
to
оп
The market opened up 1 to 5 interests points. Leading społ showed continued willingness to discount of 21 buy May at a points under July but succcented in completing only ů small amount of transfers on that basis,
Expectation of a belated rush
on
of producers to impound cotton under the Government loan be- fore the privilege expires April 30 has been restraining influence over sellers.
Market observers felt that enough cotton might be tied up in loans to tighten the "free" supply pleturs befo
before too long especially
If the
hoped-for
export demand materialises
The Commodity Credit Cor poration reported that loan im poundings for the week ended April 10 totalled 31,700 bales. Withdrawals amounted to 18,000 bales. Net stock of 1852 crop cotton in Government hands was 1,928,312 bales
(which
the
Lord Mancroft said that if
would put
The Rubber Lord Omore
Markets
London, Apr. 15.
May July/September October/December January/March
箍
specific question on the Order Paper he would do his best to answer it.
Lord Stonsgate asked for an assurance that the Government were
doing their best to get fair play for the British con-
The rubber market was stead tractors. He asked for a fur today, Prices closed as follows: ther assurance that the Govern Number & ruliber, in pence
par ib.
2016-14ment were making an effort to 2016-get other countries to work in June
2012-line with us.
Lord Ogmore-May we 2015-14 20-20know whether it is trae, NEW YORK MÄRKET reported, that the United States through New York, Apr. 15.
are supplying China, Prices of Number 1 standard Japan, with goods we are not
to supply? rubber futures today closed 25 to
contracts,
-United Press.
allowed
also
49
40 points higher with sales of 68 Lord Salisbury observed that the supplementary questions were getting out of the reope Ho of the original question. asked that further questions should be put down,
Number 3 closed nominally 30 points higher with no sales re- ported.
Futures firmed with higher cables but danand in the spot market ebbed following a fair- sized business in the forenoon to dealers and consumers.
Prices closed as follows:-
Number 1- standard
The mid-morning selling in October was called surprising by some traders who emphasised that the Government may call
allotments for aerenge
and marketing quotas of next year's crop. The Agriculture Secre May tory, Mr. Benson, today urged September that preliminary work looking December toward that end he started Merch Immediately United Press,
Gold Production
Me Toronto, Apr. 15,
July
May
24.21.
24.20
33.80 bid 23.78 nominal 21 03
"
No. 1 standard ·
May July Beptember December March
The discussion concluded.
Pepper Market
The
Italy Builds
Ships For
Indonesia
This means that in 1952, for the first time since the end of the war, company profits in- shuded no element for the in- crease during the year in the value of stocks caused by rising prices.
The incomes of sole traders and partnerships also fell in 1952, partly for the same reason. Expenditure on personal con- sumption in 1982 was consider ably higher in terms of money than in 1951, but this rise was moro than accounted for by higher prices. If price changes are eliminated personal con- sumption appears to have been about 1 per cent less in 1052 than in the year before.
REVALUATION The Economic Survey's Boti mate of expenditure on personal IL showed, that consumption was £3.675m. in 1051 and EB5Birth In 1952, when the figures for both years had been revalued at the market prices of 1948.
between
HONGKONG
SHARE MARKET
(From Our Correspondent)
Business done on the Stock Exchange this morning amounted to $304,020.20, Noon quotations and the morning's transactions.com
SHARES BUYERS SELLERS BALES BANKS
JK Bank .. 1300 1400 10 1200
INSURANCES
Canton Union
Underwriters
743 780
3.40
153
HK Fire SHIPPING
Walerboat, 12.40 Aslo Nav... 1.55
DOCKS. ETC.
Dock
18,70 S'hal Dock.. Wheelock .. 7.85
61300
"PEI-HO" "MONKAY"
FREIGHT SERVICE
Leaver
.............Dunkirk—19 Apt.
Lesvos
-Kertung→→
Apr.
Hongkong
4-5 June
tongkang
34 Apt.
Барад
For
1 July
JeeZUKI 2 BY *30 MAY ...‚Reefang-29 Juna
↑ Salgori, Marseilles, Algiers, Oran, Tanglers, Casablanca; Le Havro, Antwerp, Rotterdam & Dunkirk CIE DES MESSAGERIES MARITIMES- P.O. Box 59, Hongkong Queen's Building (Gr. Floor) Tel. 28651 (3 linsa),
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO!
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
m.v. "LEXA maerbr” *.v. "PETER MAKUSK”
m.v. "ETÉBEN MAERSK”
Apt.
MAY
May
Calling Vancouver
ARRIVALS FROM U.S.A.
m.v. "EISE MAERSK" m.v.
Apr.
JEPPESEN MASRAK"
Apr.
m.V. "GRETE MAERSK"
May
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building.
400
19,00
4200 * 7,55
LAND, ETC.
7.40 TIK Itole! HK Land (0) 39
6015
100 ur si
27, Connaught Road, C.
2000 G 00
500 60.50
$300 00
S'hal Land 1.40 1.30 Humphreys..
UTILITIES
Tram
15 2000 15
1000 0.00
.....21.60 21.00 500 21.70 Star Ferry... 102 C. Light (0)
900 C. Light (N)
6.30 Electric.... 24 Telephone 17.50 INDUSTRIALS
Cement .... 14.70 15 500 14.80
STORES, ETC.
Dairy Watson
L. Crawford
3000+ 23.1D 249 11,00 500 17.30
(014 10.20 212.70 1000 21.70 200 21.00 1902134
USING MORE
"NATURAL”
Trieste, Apr, 16. Mrs Bukardjo Wirjopranoto, wife of the Indonesian Minister to Italy, today christened four constal motor ships here for the Indonesian-Government.
New York, Apr. 15. More natural rubber is going the latter estl- The vessels were the 426-ton Nakuha and
the Inle, Intata Acording to
mate real expenditure on food, into American car tyres, now and Ilosangl, of 250 tons each. household goods, clothing and that the price is slightly lower The Nakuha, 49 metres long other goods and services fell than that of synthetic rubber. and with a beam of 9.40 metres,
1951 and 1052, the
sald 40 per Industry sources will carry 200 cabin and deck most substantial fall being that cent of all rubber used by tyre
of household goods. passenger
vessels, 45.00
Expenditure drink and metres long with a beam of tobacco£1,22m. in 1982 and 7.50
will carry 100 metres,
£1,520mL in 1951-and on rent, deck passengers each.
fuel and rates, water charges, Two similar ships will be light increased.
The White Paper is entitled launched next month, a sister ship of the Nakuha, the Najra, Preliminary Estimates of Na-
hero last tional Income launched
and Expenditure 1940 to 1952.
The
WILS February.
All are part of an order for ahips for coastal traffic placed here by the Indonesian Goverment--Reuter,
on
Copra Quotation
New York, Apr. 15. Copra was quoted today at B225 per short ton, cit. the Pacific coast. Denlers said that
makers in March was the tree-
grown variety, compares with 30 per cent a year ago.
The price is now around 21.5 cents a pound, compared with 23 cents for synthetic. And the
says Government
no price are in changes
prospect for synthetic rubber. Associated Press.
Exchange Rates
Wheat Hits while the Philippine basis holds unofficial exchange
7
New Lows
In Chicago
Chicago, Apr. 15.
Wheat hit a new seasonal low on the news that Great Britain had withdrawn from the Inter- national Wheat Agreement, plus favourable weather and crop news.
Wheat closed to 1% lower and soybeans were higher to * lower.
Prices closed as follows:- Wheat-price per bushel,
2,19 nominal 2.2013-7.20
Spot
May-
July
September December
Corn
Spot May
July September December
nye
July
May
Qata May
8.23-2.2231 2.3136-3.30
1.00% 1.57-1.50 1.00-16
1.8814-36
1.603
1.00-1.80
New York, Apr. 16. pepper market ruled extremely quiet today with both buyers and sellers marking time, Spot material was quoted 'up to $1.44 a pound. Afloats were 21.90 nominal Indicated at around $1.43. April shipment was quoted at $1.42
7433-92 and May $1.41 a pound, all on
73-7216 an ex-dock basis,United Press. July.
New York Bourner 200 lb. Brek $13.10 nominal-United Press.
21.03 21.73
21.05 -United Prez
The value of gold and silver JAPANESE BONDS
produced
in Ontario during
February declined slightly from
London, Apr. 15.
February of last year, the Pro-Japanese bonds
33
" (As of 1910) "C" (bs. of. 1007) "D" (59, of 1024) "E" (2. of 1030) Consola
vinicial", Mine. Department. an- "A" (4..of 1500) nounced today. A total of mines produced 6,325,455 worth of gold had ellver in February compared with: 7,030,020 worth produend
by 40 mines in February 1952-United Press.
New York Metals
New York, Apr. 15, Prices in the metal market closed unchanged with the following exception:
834 72 Tin, grade A (09.00 per cent 127 or
higher) New York, per lb. 08.50 cents.
183
147
Lead, common, New York, 00-5/10 per lb. 12.50 cents. United United Press, Press
Seeds And Oils
New York, Apr. 16. Prices in the poed and als market closed unchanged with the following exceptions;--
Poomy all, por kb. f.oh. Now, York 22 cents.
Flax aced, por bushel, ab. United $3.85.-- Minneapolis Press
steady,
Pacific
Coast
the local Business was done in
market This morning at the following rates: VS. dollar (per #1) ................... market is easter.
Sterling note (per £1) Cocoanut oll was quoted Indonesian suilders (per 100)
Sam ticala (per 100) 184 cents a pound, asked. Singapore (Straita) United Press.
FIC plaires (per 100)
Tel. Nos, 36060-9
Chinese Freight Booking Office
Tel. 20401
Dates and rolation subject to change without nodes.
At liberty to proceed via other porls to leadƒdischarge cargo,
EVERETT
LINES
EVERETT ORIENT LINE
Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Slam, Malaya, Rangoon, Calcutta and Chittagong,
"BRADEVERETT”
Arrives Sails
Apr. 22 from Manila, Apr. 23 ̄ ̄ for "Singapore,
Rangoon
"REBEVERETT"
Arrlyes
Salf
Apr. 25 from Singapore, Apr. 25 for. Yokohama.
(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
Penang, Calcutta,
EVERETT STAR LINE
Fast regular freight-refrigerator--passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports. "STAR BETELGEUSE”
Arrives
Apr. 27 from Singapore. Salis
Apr. 27 for Kobe
“STAR ARCTURUS"
35.00 1835 13.23
.Salis
M.V. "FELIX ROUSSEL”
will sail for Marseilles
via
Manila, Salgon, Singapore, Colombo, Djibouti, Suez and Port Sald
on
Sunday, April 19th, 1953, at NOON
EMBARKATION:
Passengers are requested to board the vessel between 9 and 11 am. on Sunday, April 19th 1953.
BAGGAGE:
Luggage room, hold, and Cabin baggage will be registered at the Kowloon Godown, No. 50. (No. 2 Gate, Canton Road Entrance) on the 17th April from 2 to 5 p.m. and on the 18th April from 9 a.m. to Noon and from 2 to 5 pm. No baggage will be registered after that tima. Passengers are requested to note that ALL BAGGAGE must be registered as prescribed above.
Our Passenger Department will remain open, on Saturday afternoon the 18th April during, office hours, and on Sunday the 19th April from 9 to 11 x.m.
Compagnie Dep Messageries Maritimes Queen's Buikling.'
Tel: 28051 (8 lines),
Arrives
May 1 from Japan.
Yokohama,
May 2 for Singapore, Port Swet
tenham, Madras, Colombo, Khor- Bombay, Karachi, ramshahr, Basrah & Bahrein, (Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EYERETT STEAMSHIP CORPORATION. S/A Queen's Building, Telophone 31206. Chinasa Department: Telephone 28293.
BUSINESS REGULATION
ORDINANCE 1932
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