MESSAGERIES
P.O. Box da
Queen's Bldg.
Outwardı
M
MARITIMES
Tel: 26681.
THE CHINA MAIL, WEDNESDAY, JULY 29, 1958.
Steel Plates
Supply
M Prime Factor Facing
PASSENGER/FREIGHT SERVICE
Leaves Marnellfes
"LAMARSEILLAISE” salied
"VIETNAM".
"CAMBODGE"
- Homewards
"VIETNAM”
"CAMBODGE"
Sailed
.1 July
Hongkong
14 AGE.
0.13 Aug.
Yokohama
25 Aug,
Leaves Hongkong
Dye Marseille
v
27 Aug.
14 Sept.
20 Sept.
Bulgon Belgon Bairob
"LA MANSTILLAISE" 4 AUGUST
..... 22 ......20
Augnat Aux.
via Marseilles to all Mediterranean & West Africa ports, via Djibouti to Madagascar.
Outwards
"COURBEULLES"
Homewards
"SILVERSANDAL"
"MEKONG"
"COURSEULLES”
FREIGHT SERVICE
Leaves
....Carpe-Salled
Leaves
• Keelung 3 August
Mongkong
For
-31 Apport
Hongkong
For
4 August
1
· Keelung-19 August 20 August ....ectur–
Orlaber 3 October
↑ Saigon, Marsellies, Algiers, Oran, Tanglers, Casablanca, Le Havre, Antwerp, Rotterdam & Dunkirk. Subject to change without notice.
EVERETT LINES
EVERETT ORIENT LINE
Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Rangoon, Calcutta and Chittagong,
"REBEVERETT"
Arrives Se'ls
July 31 fruin Singapore. Aux.
Kube 1 for
"LENEVERETT"
Arriva Saul
£ Yokohama,
Aug.
4
from Manila.
Aug.
5 for Simport,
Penang,
UK Shipping Industry
The supply of steel and particularly steel plates seems to be a prime factor in the present problem of the British shipping industry.
As the Civil Lord of the Admiralty, Mr Wing- field Digby, mentioned recently, it is the shortage
HONGKONG of steel plate in late years which has largely held
SHARE MARKET
(From Our Correspondent)
Bank XD 1520 East Asia
back the shipbuilding industry in this country.
Certainly most observers credit the shortage with being a major cause of the 6,500,000 gross ton back, log of orders on the books which is, in turn, largely responsible for the long delivery dates that the British industry is forced to quote.
NOT ADEQUATE
This backlog can be looked at remove to a large extent what is Business done on the Stock in two ways. In one way it is probably the British Industry's Exchange this morning amount- a disadvantage. rince in these greatest disadvantage at present. ed to 5040.575.50. Noon quota- times the price of a vessel can bo
Much of this, of course, depends tions and the morning's irans increased substantially between actions:
the date of the order being on the supply of steel and parti- KHARES NUVERS SELLERS BALES | placed and the
construction being cularly of steel plates. BANKS
completed.
also disadvantage In 50 for as in these rather uncertain times it is almost impossible for shipowners or anyone els for that matter to look ahead and plan their business for years in advance. Foreign yards with their shorter delivery dates gain a short-term competitive advan 875 tage from the existence of this
of orders 0.65 backlog
In British
Canton
SUD PINGS
151
INSURANCES
245
UK Fine
150
Axin Nav
1.45
DUCKS. ETC.
K.. Wharf
Dock
21.00
Provident
Iz 1
hal Dock
1000
1400
Wherlock
LAND. ETC.
IIK Hotel
HK Land Shad Land 1.57 tuplareya .. UTILTITES
'Train
.....
Penk Tratu
Peak Tra
050 BA 2000 - 21
0.76
500 8.65 yards.
1000 8,30
400 0.70
23 23.20 1000 1000
IN 211
2
Star Ferry.. 123 124
From another point of view.
The Irun and Stect Con- sumers Council, in their second report, published as a White Paper, statos that members of the Council most concerned as users of steel plates feel that not only is the prezent supply position unsatisfactory, but that adequate steps are not being taken to ensure that in future years
will meet Increasing Per supplies
demand. **It
"that the says the report,
is at present a
bo tween supply and demand. We
дар cannot measure the gap in pre- clso figures but various - timates have been given to us ranging as high as 250,000 and 350,000 tons a
year!
the
France Has Largest June EPU Deficit
France had the largest monthly defielt
the Kumoreau Payments Union (EPU) in June for the third month running, with 650,800,000 according to Agures released by the Organisation for European Economic Co-operation.
Germany was again the biggest credige with
$52,000,000
while Britain's surplus of $6- zp2,000 was the lowest for Teral months. Her May credit Wha $20 million Britain still remains largest overall debier with $103,700,000.
tho
Franco settled her Jane deficit in gold. During the two previous months sha had rolled on Special American grants to mee her debta-legter,
BRITISH INVESTMENT
ABROAD
Tho
London, July 28. nominal value of Britain's overseas investments at the end of 1951 had fallen from their 1030 44 per cent level, according to the calcula- Uons of the Bank of England in their annual report.
They stood at the end of 195) al £1,086,000,000 compared with a revised (pure of £2, 019,000,000 at the end of 1950 ́und,
d. £3,545,000,000 at the end
of 1938.
400 2.75 the backlog does give a certain evident," 0000070 amount of insurance to the indus- not rolled D 8.10 3000 4 0.03 try-provided it is ECLS BLIS 500 ar 01
1.02 3500 1.00 upon. If the mere fact of its
10.10
existence tends to discourage the 25.23 placing of further orders with 23.10 British yards for the present time, the industry. S then it gives
chance to work off some of that The Report recommends that
However, the country's in- backlog. And the more it is the Ministry of Supply should
come in the form of interest and dividend was higher £189,- worked off. the shorte: delivery ak the Iron and Steel Board to examine the problem as soon
400,000 in 1051 compared with dates will become, all things re-
luding
in par
a revised figure of £143,800,000 8.60 maining equal, and so it will put as they can,
ticular the
of In-
in 1050 and £155,400,000 27.00 the British Industry in 2715 competitive position compared areasing rolling capacity in
1038. the 21.00 with foreign yards since it will | traditional ploto milia. Anojbez 200 g 3732
that the 22.10 210 22
recommendation is Iron and Steel Board
should be asked to give early attention to the
whole question of the basis of inon and stout prices, including the problem of "gone extras,"
C. Light (0) 12.90 12.70 1400
Rangoon & Calcutiu,
(Accepting cargo for transhipment Robe/Pusau ami Kobic/Okinawa)
EVERETT STAR LINE
Fast regular freight-refrigerator--passenger service to Korea, Japan, Philippines, Indo- China, Siam, Mulaya, Colombo, Bombay, Karachi and Persian Gulf Ports.
Electric
Teleph
Arriver July 30 from Japan. Sails
July
31 for Singapore, Pori Swetten- hamn, Penang, Madras, Culembo, Bombay, Karachi," Khorramshahr, Dosrahı Baturein.
"STAR ALCYONE“
Arrives Sails
Aug, 21 from Singapore. Aug. 22
for Naha & Japon.
(Accepting cargo for transhipment
Kotic/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephono 31206. Chinese Department: Telephone 28293.
PENINSULAR
QUIS NOS SEPARABIT
1700
C. Light (N) 850 8.65 3500
271, 27.00 1000
3000
50%
13.00 14.70
INDUSTRIALS
Cement
19.60
B00 1045
Rope
178)
500 64 18.10
300 18
STORES, ETC,
Dairy
Watson
Lane Craw
ford
COTTONS
Ewu Textile Curp,
22.00 22.70 1000 22.10
500 fir 22.00
100 22.70
24 150 23.90
21.20 93 24.20
2.00 2.70 1000 2.65
ce 3.50
The Rubber
Markets
Singapore, July 28. Fairly selling was witnesses in the rubber market around noon
but at lower prices. Prices closed
as follows:-- Nu. RSS per 1.
July
August Sept.
3212-6225
421-621
022-63 03-01 No. 2 rubber per lb, July No.3 Rubber per lb. July 69-4923
No. 4 rubber per 28. July-574-874
Spot nubber unhaled Blanket crepe
No. 1 pale Crepe
A
a
more
GROWING
MARKET
FOR P.I.
In