MARITIMES
Tel: 20651.
M
PASSENGERS/FREIght Service
Leares Marso}|Zon
D Jha Hongkong “LA MARSEILLAISË” 12-23 MAY "FELIX ROUBJEL"!!
1920-29 July
"FELIX ROUSSEL”...........
Horgowards
Itongkong
10-11 July Due Marseilles
13 Jone
For Manila
Via Saigon Yokohama
23 August via Marseilles'to all'-Mediterranean & West Africa ports. via Djibouti to Madagascar,
outward "MONKAY"
The success of both the Liverpool Corporation and Tillotson new issues shows that there is "MEKONG" plenty of money awaiting widely differing kinds of securities, provided that the terms are right.
and
So far as the Liverpool Issue Rearmament at home is concerned, the fact that American "off-shore" purchases dealing opened at around par In Britain suggest duct Britisa suggests that 44 per cerd to aircraft manufacturers have an redemption is about right for a active time ahead of them. municipal stock
This view is confirmed by the By the same token, I was recent improvement in the ex- asked to suggest first-class in- port prospects for our aircraft. dustrial debentures, to yield At the moment the leading air- between 44 and 5 per cent. It cruft Ordinary shurts yield any- Is not too carry to find any thing from 5 up to 94 per cent. yielding n much as 4% per The lower figure, relates to De cont, after allowing for the re- Havilland, but the new shores demption terms. Thus the new may be offered on terma which 44 PET
cent Tate and Lyle may give present shareholders a debentures, под quoted at yield of well over 3 per cent 24-3 premium over their issue on their old and new shares prico of 8%, are also a frac- | taken together,
ilon over thoir
•
ANGLO-IRANIAN
redemptiou Hawker Siddeley Ordinaries price of 100, and no yield a
now yield about 3 per cen shade less than 4 per cent.
and the dividend is well covered by earnings. The company has a number of contractă on the Meanwhile, Anglo-Iranlan, super-priority
Jish
Another, Unilever und Dunlop have and inuch
larger company, issued their preliminary Agures which is not always asociatel relating to the calendar year with aviation, is Vickers. This 1982, They follow a familler has the advantage of deriving pattern, Gross mornings are in its income from a very wide cach case well below those of range of activilles, and is also 1951, which was the "Korean-
one of the largest concerns in Inflation" year. On the other the
.Its country.
Ordinary hund, the 1952 figures are much shores new yield over 0 per more realistle, in that they do
cent. All the aboye shares löpk not have to carry large, charges reasonably sound for those who for the writing-down of stocks. believe in the future [I
Therefore, the Boards of the aircraft.
aft Industry. well last, two companies are
COPPER OUTLOOK justined in
Innintaining their
Another new development is dividends. Anglo-Iranian 15
the decision to reopen the Lon- total distribution don copper market next August, raising its from 30 to 35 per cent. Some Recently the controlled price of people had expected more, and
copper was reduced from £280 the new dividend, which has
to £253 a ton, but the opening the loss of price next August may well be been earned since Abadan, seems a little Coll- £230 ton or even lees. servative. But
whatever the Against this, the Northern outcome in Iran, Úc Aladan Rhodesian copper mines ought
SHARES BUYERS BELLENA SALES
GOVT. LOANS
.....
30.000
BANKS
HK Bank... 1430
INSURANCES
3 A 1460
Union KD...
HK Fire XD..
750 140
SHIPPING
Ana Nav
1,00
2500 @ 1.33
DOCKS, ETC.
N. 1, Whorf Docto
100 5.00 ***** 2812 10.00 Provldent, loà0 110 130 là 10.40
S'hal Dock Wherlock
2.10
.. 7.33 7.40 3000 €
7.1
LAND, ETC.
HK Hotel .. 745 7.53 3000 7.45
1500 7.30" HK Land B815 3912 100 20 59 S'hal Land. 1,801,075
14 Ilumphreys.
UTILITIES
Tram
22.10
C. Light (0) 10.40 1011⁄2 1000 # 10.30
INDUSTRIALS
Cement
900 @ 15.30
the assets sill appear In
Therefore while balance-sheet. reserves are unple, It Is per- haps still best to wait for the final tidying-up of the Abadun position.
ם
of our
to be able to stand these lower fox prices. N'Chang's costs, example, were last March less than £100 a ton.
The general African political unsettlement must be borne in De Haviland announced the mind, and also recent rumours proposed doubling of its Ordin- of impending labour troubles ary 3019 10.40
capital by means of a in the copper-belt. Here my "rights" 4500 6 10.30
and also the latest information is that, apart issue, C. Light (N) 0.00. 6.05 do00 12 0.60 proposed issue of redeemable from some unexpected dispute, Electric 23.00 24 1800 23.90 Preference shares. Its current no strikes are expected during Macro Elec. 10.20
programme, Including the the next few months. Telephone 18.10 16.40
"Comet," Is large enough to On the whole I retain my necessitate the raising of some faith in the long-term posibili £13 million of additional funds, Lies of destan copper. Thus of which these new issues will at 5% N'Changn shares look provide only part. The new cheap today. Yet in view of
the
mentioned possibilities Ordinary shares, however, are
be better to to the company's above, it might an addition permanent capital, and there defer purchases of Rhodeslan Iome
com- copper shares until the London the company
has reopened. mitting itself to an equally per copper market
-with marient, adibn to its distribut- Meanwhile--"Chartered, able earnings, if its existing its wide Interests, might bo dividends are to be maintained. considered.
SEEMS JUSTIFIED
Repu
***.10.20
13.80
GTONES. ETC.
Dairy
21.00
18.70
.... 10.60 15.80 1500 Watson
500 * 21.70 L. Crawford 27.29 27.00 COTTONS
Ewo
235 1000 @ 2,40
Entertain meat
MISCELLANEOUS
1715
The Rubber
Markets
Singapore. May 20. Prices of rubber futures closed today as follows:- Number 1 rubber, per 1b,
June
is
way of contrast, last autumn's JAPANESE BONDS
It is relevant to mention, by decision of Fairey Aviation, and the recent decision of Babcock the boilermakers. and Wilcox, Both companies need action- al funds, but both regard this Therefore need as transient. they are resorting to bank loans and other forms of temporary
Japanese bonds
FREIGHT SERVICE
Leaves
Europe Balled
••••Bamuorg-za May
2
LATES
Hongkong
8.10
June
For Japan
9-19 July
Терап
Hongkong
For
11 Jube
July
Kteldnt là Puly
28 July
1 August
Homewards "PEI-HO"
· „Kd6long—10 June "MONKAY
waferung- Bulg 'SILVER SANDAL”...» «Keelung-26 - July "MEKONG"
f Saigon, Marseilles, Algiers, Oran, Tangiers, Casablanca, Le Havre, Antwerp, Rotterdam & Dunkirk.
BUBJECT TO CHANGE WITHOUT NOTICE
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, DALTHIONE & PHILADELFIA' vis -
SAN FRANCISCO, LOS ANGELES AND PANAMA.
m.v. "LAURA MAERBK" *.Y. "OLGA MAKDİK” m.v. "BULDA MAERSK”
NEXT SAILINGS
ARRIVALS FROM U.S.A.
m.. "ARNOLD MAERSK" m.v. “HULUA MAERSK" m.v. "CHASTINE MAKESK”
June June
July
+
June June B June
For Freight and Further Particulars please apply to:-
AGENTS:
JEESEN & CO.
Pedder Building.
Tel. Nos, 36066–9
Chinese Freight Booking Office 27. Connaught Road, C.
Tel, 20461;
Dates and rotations subject to change without notice. As ilberly to procesă vin other porte to load/discharge cargo,
W
EVERETT LINes
EVERETT ORIENT LINE Fast regular freight—refrigerator-passenger service to Korea, Japan, Philipplacs, Indo- China, Slam, Malaya, Rangoon, Calcutta and Chittagong.
"REBEVERETT”
Arrives
Salls
May 27 from Manila. May 28 for Singapore, Parang,
Rangoon, Chittagong Calcutta,
"LENEVERETT”.
London, May 20,
714- 711-15
03-12-1
Anance.
of 1907) of 1924) "E" (58. of 1930). Consols
"A" (45. of 1890) "B" (43 of 1910) "C" (59, "D' (58.
814
BRYA
Arrives Sails
120
9014
138
614
Larded according to its parti- cular circumstances, and it is
August Number 2 rubber, June Number 3 rubber, June Number 4 rubber, June
70- Spel, rubber, unbaled Blanket erepe
01-0345 No, 1 pale crepe
78-63 United Press, LONDON MARKET
Each decision must be re-
United Press.
always possible to replace tem- NY Pepper Market
porary finance by permanent capital at a Inter date.
Look-
poried London, May 20. The rubber market was firm today. Prices closed as follows Number 1 rubber, per lb, in
peuse.
21-211 June
21-9
July/September
October/December
January/March
2016-1
-United Press.
NEW YORK MARKET
New York, May 20. No 1 futures closed today un- 29 points higher changed to with sales of 35 contracts. No 3 nominally 30 contract closed It is pointed out that during the past month or two nestrations on points higher with no sales re- credit for exports hisve-been- ported. No 1 spot smoke rubber further relaxed, the Government sheets were quoted at 25% centa Taipei, May 20. having at the same time stated | a pound. "Prices closed 19 Egypt contracted for 100,000 that it expects the banks to folowa tons of Formosan sugar idier regard" opplications for export
No. 1 standard visit here of two big Egyptian credit facilities as a drst priority, July
Yang traders. according to
In addition to this, the banks September Chal-iseng, General Manager of have been told that they may the Taiwan Sugar Corporation, regard
Or the contracted
Mr
was
25.34
amount, chase
degained Tories
for loans to pur-
to
December March May July
July
No. 3 standard
23.00 bld 24.70 24.40 nominal 24.10 bld
23.04 nominal
10
May
Yang said, 30,000 metric having a high priority. It la ions would be shipped thought that those measures, Egypt this year and the maining 70,000 tone next year. cupled with the increase in the September
credit reeds of commodity March 2.70%
The contract
signed traders that must be expected July between the Talwan Sugar
now that the grain trade hanj Spol
*13-156
and the two been handed back to private New York four-per c00 15. Back Corporation $13.00 nominhlUnited Pres
Egyptian traders, Robert N.
enterprise,
well set bank may Huri and Selml
Hakla who loans climbing at a rate even left inat Monday.
faster than that renched ever
Barley
LONDON TIN ·
MARKET ·
A
May 20, London, The tin market was easier today. Turnover was 40 tons, including 30 tons for cash, Prices tipted at the end of the omcial morning session follows: Domina Foot tin, buvors Epona)lern. Business done at Three months' tin,
buyers bakke Three-maniks, tin,
Ilustrese dune-at- Settlement-
-74756
750 750-74713 74233 745
74716 United Press.
The two Egyptians also past few months.
reached an understanding with the Taiwon Sugar Corporallon
mu
of
+
+
United Fress.
Exchange Rates
Business WAY dono In the local undmelal exclunge market morning at the following rates:
U.S. dollar, (per 81) Sterling nute (per (1) Indonesian guldera (per 100) Blum Heals gier 100) Singapore (Straits) FIC plasters (per 1001"
Copra Quotation
0.013
10.00
20
of course, be the cate that Formosa would henceforth, that official quarters are waiting supply Egypt with more than to see whether the expansion in 100.000 tons of sugar annually. bank lending is the result
temporary Influences batore -Bouter.
making new policy decisions. But some quarters in the City argue Now York Metals that recent events point dangly New York, May 20. to the conclusion that tho Prices in the metal market Government has not been un- d'osed unchanged with the Impressed by indications that the
New York, May, 20, Is following exceptions:-
moving in
today ut Copra was quoted Tin, grado A (0060 per cent deflationary direction and con-
8215, per short ton asked, elf or higher) New York, per 16.siders that an expansion in banic Pacific coast. Cocoanut oll: was 106.00 cents
lending might now be helpful quoted at 151⁄2 conta a pound,
the Lead, common, New York, per rather than
reverse acked, West Coast, United
Pross lb. 13.00 cents United Press, The Financial Times.
economy
ing at the possibilities of the "Comet," De Havilland's decl- slon seems justified, at least With over the next ten years, the rapid developments. In the aircraft Industry, no on can look further ahead for any company in this group.
New York, May 20. The pepper dealers today.re
a stand-off situation with sellers holding aloof while buyers continued to mark time. Shipment positions were quoted at around $1.45, June at $1.44 and $1.43 for lampong June and July shipment United Press,
199
M.V. “LA MARSEILLAISE’
will sail for MARSEILLES Via SAIGON, SINGAPORE, COLOMBO, DJIBOUTI,
- SUEZ AND PORT-SAID
On
BAGGAGE:
SATURDAY, MAY 23rd, AT NOON EMBARKATION: Passengers are requested to board the vessel between 8 and 11 a.m. on Saturday, May 23rd. Baggage room, hold: and cabin luggage will be registered at the Kowloon Godowns, Godown No. 50 (No. 2 Gate, Canton Road entrance) from 9 a.m. to noon and from 2 to 5 p.m. on Friday, May 22nd and from 9 to 10.30a.m. only on Saturday, May 23rd. No baggage, room or hold luggage will be registered after that time. CABIN BAGGAGE: Cannot be accepted on board before
embarkation time. Passengers will therefore have to collect their baggage from the godown between 8 and 10.30 nm. during which period cabin baggage may also be registered. Passengers are request- ed to note that ALL BAGGAGE must be registered ha prescribed above.
Compagnie Des Mossagorios Maritimes Tol 26651 Queen's Building,.
June 2 from Singapore, June
S
Be Yokohaina.
3 for Kobe (Accepting cargo for transhipment Kobe/lusan and Kobe/Okinawa)
EVERETT STAR LINE
Fast regular freight-refrigerator-passenger servico to Korea, Japan, Philippines, Indo- China, Slam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports,
"NORDSTJERNAN”
Arrives
Salls
May 30 from Singapore.
May 31 Moji, Kobe, Osaka, Nagoya,
Shimizu & Yokohama,
"STAR ALCYONE”.
Arrives Junc Sails
June
P
4 from Japan.
for Singapore, Port Sweiten- Jum Colombo, Bombay, Karachi, Khorramshahr Bahrein.
-(Accepting cargo for iranshipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephone 31206. Chinese Department: Telophone 28293.
BUSINESS REGULATION
ORDINANCE 1952
Copies of the prescribed Forms 1 (a) 1(b) and } (c)
Now On Sale at S. C. M. Post, Ltd. HONGKONG, AND KOWLOON ́·
TEN CENTS EACH