MESSAGERIES
P.O. Box 13. Queen's Bldg.
Outwards
M
MARITIMES
Tel: 26681.
M
-PASSENGER/FREIGHT SERVICE
Louvre Marseiller
"LA MANSEILLAISE” #alled
**VIETNAMI"
"CAMBODGE" ......31 July
Homewarda
Itongkong
Siird
24 A. 2-11 Aug.
ZG AUE.
Leaves Hongkưng
Dus Marvelljes
1 Aug.
14 Sept.
20 Kupi.
LA MARSEILLAISE", August “VIETNAM”
August
"CAMBODGE" .............. 28 Aug. ·
Saigon Yokohama
Vla
Batron Saison Halkob
via Marseilles to all Mediterranean & West, Africa ports. via Djibouti to Bładagascar.
Outwardı
"COURSEULLES"
"AURAY"
Inmewarde
RAQUADDY""
"SILVERSANDAL"
"MEKONG"
"COURSEULLES"
"AURAY"
FREIGHT SERVICE
Leavi
Europe-Sailed
· Europe-Sallra
- Hamburg-23 Aug.
Leavis
For Зарад
Japan Japan
ifongkong
2 sept.
.23 Sept.
Oct. Mongkung
For
3 August Koolung-10 August to August Kertung 4 October 5 October Keelung-22 Oct.
24 October
T
* Saigon, Marseilles, Algiers, Oran, Tanglers, Casablanca, Le Havre, Antwerp, Rotterdam & Dunkirk,
Yubject to change without notice.
M.V. "LA MARSEILLAISE"
will sail for
SAIGON, SINGAPORE, COLOMBO, DJIBOUTI, SUEZ, PORT-SAID, MARSEILLES ·
on
Tuesday, August 4th, at NOON
EMBARKATION:
BAGGAGE:
Passengers are requested to board the vessel between 9 and 11 am. on Tuesday, August 4th.
Baggage room, hold and cabin luggage have to 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 Monday, August 3rd.
CABIN BAGGAGE: cannot be accepted on board before embarkation time. Passengers will therefore have to collect their baggage from the godown between 9 and 11 a.m. during which period cabin baggage only may also bo registered.
L'assengers are *requested to note that ALL BAGGAGE must be registered as prescribed above.
Compagnie Des Messageries Maritimes Queen's Building
EVERETT
Tel: 26651
LINES
EVERETT ORIENT LINE
Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Rangoon, Calcutta and Chittagong.
"LENEVERETT”
Arrives Avg. 4 from Manila.. Soils
Aug. 5 for Singapore,
-Rangoon &
"NOREVERETT”
Arrives Soila
Penang, Calcutta,
& Yokohama.
Aug. 18 from Singipore,
Kobe Aug. 19 for
(accepting cargo for transhipment Kobe/Pusati and Kobe/Okinawa)
EVERETT STAR LINE
Fast regular freight--refrigerator-passenger service to Korea, Japan, Philippines, Indo China, Slam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports.
"STAR ARCTURUS”
Arrives Aug. 19 from Japan.
Aug. 19 for Manila,
Saila
"STAR ALCYONE”
Arrives Sall:
Aug, 21 from Singapore, Aug. 22 for Naha & Japan,
(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A.
Queen's Building, Telephono 31206, Chinoto Papartment: Telephone 28293, °
BUSINESS REGULATION
ORDINANCE 1952
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
|
THE CHINA. MAIL, MONDAY, AUGUST 3, 1953.
The Pattern Of World Trade
Problems Affecting Asian Countries:
Raw Materials, Food
The general meeting of the United Nations Economic Commission for Asia and the Far East (E.C.A.F.E.), which was held in Indonesia Inst. February, was followed by a nine-day Trade Promotion Conference in Manila, which was attended by 150 delegates and observers from 37 countries.
Observers from the Food and Agriculture Organisation (F.A.0.) and the Commission for Asia and the Far East of the International Chamber of Commerce were also present.
As 20 Asian countries, extending from Pakistan to the Philippines, contain nearly one-half of the world's population and, control a very large proportion of vital commodities such as rubber, tin, jute, tea, the results of the Manila con- ference were of far-reaching importance to those countries which desire to profit from the trade exchanges which could accrue.
THAILAND/\
TRYING TO
. BOOST EXPORTS
The That Government is at present trying to boost exports, especially of rice, hides and timber, with a view to earning more foreign currency.
The Government has asked the British authorities to speed u rice shipments during the nexi three months to the rate of 50,003
sono per month to cover the
balance from the total allocation made for the year 1933 of 320.000 form, trade circles believo, · It Pa also believed that the Thai Gov- ernment will meet a request by the British authorkies for c extra allocation of 180,000 tons of rice for British Overcas territories in South-East Asia.
Meanwhile, even though the sellers' market still remains for Government-to-Goverment con- tracts for rice, free rice in the Thal market has already turned to a buyers' market because of higher prices predominating here, Communist China. She pleads that her
To cope with such a turn in China-rubber from Ceylon in outlays there are for the com-
the rlee trade situation, Thailand rice, both comi- mon good. The same argument trying to revise her trade exchange for modities eagerly sought by the is being urged that the United polley by easmg export regula- respective countries. Me Stater should advance the funds tions on some commodilies liko Jayawardene said; "the de necessary to complete the work timber and hides and alse ting
act are unable to
of militation and mediconis- to impose stringent regulations mocracies
and meet the ing of her ports damaged on the imports of luxury com- collectively challenge in the field of trade
Some modities. Second World War. the of another portion of the world 30
cent of that work of 30 per
It is understood that the God-. in different reconstruction which belleves
and recovery has ernment has decided to lift the Ideology, no country can be
culte ban on the export of some blamed for taking betion in the yet to be done. It is of
a mission that a possible
from varkties Uber-inclusing
of Interests of the people,"
France
(Dipiero may proceed to Wasa, mal
Capus PACT WITH CHINA
inglon to obtain financial ald species)on a controlled licence basis. It is explained by trade to complete the ports' restora
sources that mai yang is at pre- be recalled, Han, even if that ald be in the Ceylon, it may
sent in great demand from over- was faced with a slump in Ohe form of a long-term loan.
seas.-Router. price of her rubber output as a
ARGENTINE RECOVERY resull of the completion
At the begining stockpiling by the U.S.A. and
of May, other Western countries after the President Peron, in his annual outbreak of the Korean hos-
Con- tilities
and, in fact, was unable residential message
gress, dealt largely with the to dispose of her stocks, On the
the recovery, particularly of agri- other hand, she needed rice and cultural products,
Yet thes: 20 countries enjoy; tween Ceylon und
cent of the only about 10 per world's trade,
Nine days offered much oppor
such tunity for discussions on subjcels 05
barter irade agres- ments, price stabilisation, credit facilities, and standardisation of Asiatic exports,
12 was, for instance Thero
countries In suggestion that South-East Asia should export processed products instead raw materials.
tho
discussion the During this executive secretary of E.C.A.F.E., Dr P, S. Lokanathan, expressed view that "no nation can be compelled to limit the develop ment of its processing Industry. Asiatic countries could turn out prou processed goods and still export raw materials which could notie be consumed by Asiatic pro- cessing pants."
EXPORT PERCENTAGE
whatist
with
to
which
in
hach
122 which
was unable to obtain It from the sel-In In Argentins during the Many Interesting facts were usual sources associated with the past 18 months. The bald thin! in brought out in the discussions. Western world. She turned to her foreign trade Argentina United States exports to the Ching, with results eminently
amenty had an adverse balunce ΟΙ rbiot E.C.A.F.E, Countring, for
profitable to example, had, inervozed in tho may
bo though, whatever
of China's 5,416 run. pesos in 1931 and of 3.413 mn. In 1952, period 1928 to 1932 from 9
per ideas
barter deal. The year her exports had fallen the on cent to 17 per cent in relation rubber-rice agreement entered the lowest level since the be to workd trude. Exports from
theginning of the century. The Britain has fallen from 25 to into (by Ceylon)
of Chilia," that period,
People's Republic per cent in
said Mr Jayawardene, las es exporis
Continental frem
tablished for a time the price Europe fell from 49 21
to
paid for our sheet rubber at cent. The deterioration which level about world prices and has sut in the world's basic
baste the price paid for our rice materials
market affected painfully all S.E. Asia quirements below
Land Price." countries. The deliberations and recommendations of the
con therefore, alaned restoring and stabilising those
row
frence,
نات
markets.
Four of the recommendations are:
That the Asiatic countries
Who adopt, singly or collee.
had a
the
Hot the
courtry had suffered the most pronounced shortage in agri- cultural and pastoral produc- tion known economic history-pwing to pro- in Argentina's alonged drought.
ma.
But now the 1952-53 crop, the | most chumiand on record, showed An extension of such deals, striking increases over the not only by Ceylon, is possible, average of the last five years,
the wheat by 50 per perhaps unavoidably, but
cent, and by underlying tone of the Geneva 271 per cent over 1051. The discussions was that the "haves" corresponding figures for maize
responsibility were 30 per cent and Breat
per "have-nots," towards the
and cent; for barley 105 per cent such and 255 per cent; and for rye, that failure to recognise
1,553 tively, methods that would help responsibility may prove disos-280 per cent and per cent. Argentina's gold and foreign to stabilise raw materials prices; trous for democracy in the near
(b) That
exchange position had deterio- (b)
barter
agreements future. between Lovernments
India Is another of the S. E. rated last year, with only 722 should not
September, avail- pesos, In be ruled out completely, but Asia countries experiencing able in gold and that interested countries should economie dificulties,
foreign ex- change. By April 23 of this year study their possibilities;
least of which is the provision of gold reserves had risen to 1,358. (c) That steps be taken to im food for her growing population, mn, pesus, and the foreign ex- prove... part facilities to bring Two years ago she had to stort change-to-772-in pesos, a about
it reduction of foreign buying in dollars from the USA promising situation due to the 2,000,000 tons of wheat and other advantageous export of many rates;
(d) That Customs procedures edible grains. Her five-year plan products, including wool, pre- should be simplified and tariff envisages greater acreage to be served meat, cheese and hides.
under cultivation
Recently a barriers reduced.
barter agreement Three committees were ap-agricultural products. This in with, France enabled the s polated to study marketing re-crease is hastened by the drop in posal of 10,000 tons of linseed search as an aid to improving the price of jute, which has oll From the beginning of this trade, methods of increasing ex-fallen sharply from R90 the year up to April 30 shipments ports, and considerations of im-mound (80 b.) to R20. The Jute of grain and oilseeds had reach purt needs and export avail-powers have turned to cereals, ed 604,340 metrle tons, abilities.
a spontaneous procedure inde-pared with 343,202 tons in the pendent of the five-year plan, corresponding period of 1952. Prices of cotton and tea have also fallen, adversely affecting the country's balance of pay- ments,
1
BURMESE ECONOMY
A review of commercial con- ditions
Burma of
has been Issued by the Board of Trude. The review spotlights many of the dificulties, poitical, finan cial and labour, which Burma, in common with many of the
for
countries in South-East Asin rexłuction in imports of con-
ol
and
the world's | yar-elcetri 40ods for her
Hc: development. Sinco tho
capacity
by 60 per cent up to the 1930-versi
ccineries hear Bombay
com
Trade Fair In Indonesia
Ceylon Rubber For
Red China
Ceylon is willing to increase supplies of sheet rubber lo Communist China by 20,000 fon a year, bringing the total 10ns, according to a to 70,000 Government spokesman Colombo,
He said that the
能
quantity could be provided it the Chinese Government agreed to pay above the world market price.
There Are Five
Ways Of Making
A Million
(By E, C, GAYLER)-
Do you want to make £1,000,000 and join the ranks of Britain's select 60 millionaires? Is there any hope of your ever doing so?
Surprising as it may seem in these days of heavy taxation, lack of incentive, restrictions on working hours, and so on, the answer to both questions is undoubtedly “yês."
If you have any doubts you people need it, but there is a have only to look in the British fínt of risk-which is where the newspapers and almost daily (profit comes in.
you will read about big deals When a financier puts up the involving the sale of businesses money for one of these deals he properties, blocks of shares, and charges a commission for his so on, bringing in to their own services; and if he cannot resell ern huge sums of money.
te will find that while freeing Most of these deals, of course, somebody else's capital ho has represent years of hard work tied
Itied up. his own. which does arid development. Even In nat sult him at all, as the the luxurious days of the past essence of making money this when taxation was low, fortunes
is Way
keep "liquid," were not exactly made OVAT.
always keeping night.
tarning over.
to
THERE'S STILL HOFE
L.C.,
one's money
BUY AND SELL Most of this type of money- We
in
or Stock Ex-
The third way is much more
you
"big
The days when people like making is done by what Rockefeller. Vanderbilt, Roths call in the City "issuing houses," child, Lipban, Ford, Morris, and which
may be banks, trusts, Austin could amass really blz ananec houses, fortunes runninng Into many change brokers. millions aro over. Taxation has laken care of that,
But there is still hope for men highly specialised, although the some-buying with ideas and drive who aspire principle is the
These days, cheap and selling dear. being a
millionaire" does not Suppose, for instance, mean keeping £1,000,000 on de heard of somebody or a
In the bank. posit
Nor does it group who wanted a new block necessarily mean that if all your of offices and got to know of one assets were cold and the pro-which might be sold. If you can the existing owner by ceeds totted up they would total tie
million.
taking an option on his pre- Nowadays, when we say, "He's mises and then sell to your monaire," we usually mean original buyer, there is usually
a very rich man.
handsome profit to be made. This is One can be reasonably com
how tho
ordinary fortably off with £250,000 house agent makes his money.
and
quile a lot of people He Dnds a buyer for your have done this even since the house
and gets a commissiou wor.
Once one has made as for ils services. much as this it is not so diffl- cult to get into the real million class.
over a
50,
At
►
up.
E
The fourth way of making muncy is a development of the third.
Many old-establisheri
COMI-
of
THE HARD. WAT
some time or other we pantes own the freeholds have all sald, "When my ship their premises. These properties comes home,... and you may have been built years ago stil think thet additionat
way you can at low cost, and their value to- take it from me that you will day is many times the original. never be a millionaire. Fortunes Take an example. The XYZ do not just drop into people's company has a freehold build- laps out of the sky,
ing bought 50 Усага
for ago But let's get back to money £200,000. Its value tdoay makeng. Here are some ways DTO
at least probably
£1,000,000, which may lead you to wealth but until the business is closed First, the hard way. As a rule.down or the property is sold have found that the man who the value of the building started in a back room, ve iu a
the original shareholders Is
Under the Sino-Ceylon rub- ber and rice agreement now in force, Ceylon supplies 50,000 tons of sheet rubber to China a year in exchange for 270,000 tons of rice.
The spokesman also indicated that the Ceylon Government
would ask the Chinese to re-
не
duce the prices of next year's rice supplies under a five-year trade agreement between the two countries.
said that there were indications that the world price of rice would touch its lowest post-war level next year. The Burmese Government, he raid. hnd-warned-rice-producers of this in June. Ceylon's request for a reduction in the price of next year's rice would there- fore be justinet, the spokesman said.
He added that the cost of Burmese rico might fall below the cost of Chinese rice, for which Ceylon now paid £55,10s a ton under the trade agree- ment-Reuter.
Quality In Exports
A Necessity
INDUSTRAL EXPANSION
flowever, he saving, in the imports of food, and the general has suffered. The Bull-
sumier goods have enabled
Bombay, Aug. 2. coonomy, it is stated, is
ellandia to proceed with the pur-
Manila, Aug. 2.
General K. dent largely on the production chase
M. Cariappa, Philippine Commerce Secre of rice, of which Burma was
Indlan High Commissiones- Irrigationtrary Cornelle Balmaceda stated before the war
industrial that communications had been designate to Australia and New Zealand, #7pealed to indus- being expanded, made with different govemment friclists and greatest exporter, war these exports have fallen diversified and modernised, Oll corporations, advising them
businessmen in to India to expart only best quality ars prepare materials for exhibit in 51 period.
upon rice, foring completion; the import the Indonesian Industrial Fairfies they want to capture The dependence
the foreign markets. to products will,
ол August 20 p He raid that Indians should from Burma, of die S. E. Asia of refined
sacrifice their comforts and try countries, and the difficulties consequence, be lessened and so Djakarta,
He has contacted a number of to industrialise their country as arrest the drain on foreign cur- theso countries havo
soon as possible so that it shouli replacing the less rency. Cual is reaching record the bigger business firms, im- perienced in
levels of output and exports, to forming them of the importance not be difficult for them to cup- of the Burma supplies, Are
that production of Philippine participation extent
Inture market; in Asia and other illustrated in the situation the
Djekarin Fair.
countries. und Ceylon, worrying the producers. (Aus the affecting Indonesia
Secretory Balmaceda's move of tralia has a similar wony, but The
Minister farmer's
market for ber followed the approval by the Agriculture has made it known bar found a
Kora, transported in Cabinet of Philippines repre- will coal in although Indonesia
ships.)
Australla. Generally sentation in the Indonesion Fair, 300,000 tons more Japanese uce: rice this year than last she will speaking India has gone far lo-France-Presse.
400,000 tons.put have to import
in order, her house out preciates the necessity of ex- The country needs
do-peditions On production 7,000,000 tons a year, and do-
and seems
to have mestic failure to meet increasing potentials needs is the anuntry's most embarked upon a new phase of
economie problem. As industrial activity on a broade
Derious
a long-term project Indonesia is basis than hitherto, spending R.2,000 million in
Borneo on rice production with
ap-
The failure of France to find
representa the European
Bidding For Capital
of
The General has promised the manufacturers, his fullout 'co- operation during his term in
There has been a gradual de- crease in the export of Indian goods to Australia very recently and the General was requested to tako up the Immigration.
Jon with question Government.
the Australian
It was suggested that a num
ber of India's finished products
should be exhibited both in Australia and Now Zealand.---- United Prem.
Synthetic Rubber Bill Passed
Uttle shop or tool shed, usually still only £200,000. had no thought at the start of So whal his career of building up a big fortune.
1
.to
happens? Along comes Mr A. with an offer to buy the business. He may not If the business is good and really want it at all. What he is well managed it will expand after is the £800,000 difference. niniost on its own, but it needs between today's value of ile an administrative besides an inproperty and its original cost. ventive brain to make money. To
get this he buys enough Scores of inventions have been
thares to get control of the com salt outright and made fortunes pany sells the building for other
people, merely because €1,000,000, leuses it back from the inventor had not the in the new owner for 99 or 999 cial acumen to exploit his work. years
rental basis, The little bakery which grewpockets the £800,000. Into
on a
a great chain, the tailor's shop which became a huge fac- MYSTERY SHARE, BIDS tory with retail branchics, In
every
for
and
city, the bicycle shed Simple, isn't it? But it is which developed Into a grent going on all the time now, which Coventry motor-manufacturing is why you read about so many plant were all founded by mea "mystery" bids for shares on the. who turned out to be financiers Stock Exchange.
The fifth way is much more
as well as ordinary traders,
VOUT
your
The
SQ
con Either buy another
business and go on exponding or
If you are running a small complicated. Suppose you have business at a profit and think a business which has built up a that more capital will bring in reserve of cash and investments, buy another more profil, then if you have With these you
business and so add to rot got enough, tapital your self, the obvious thing to do is earning power or profits. 10 borrow money. For example: additional profits may bring in So long as you can borrow at 5/more money than you need, per cent and use the money to you make 8 per cent, it is worth while.
This is the basis on which your shareholders or pay bigger
businesses most small
have dividends. grown into giants. Indeed, it is the basis on which all banking tho
your original Your bank manager shares, which is where the operates,
proft may charge you & per cent on comes in and a very nice
profit, an overdraft, but he wit give loo, because there is no fax to you only 2% per cent on the be paid on capital appreciation. money you deposit with him. Result? profit of 34 per cent.
TIUS IS QUICKEE
Of course, converting a smħil shop or factory into a'viant can- not be done overnight, which l why I call it the hard way. It may take 20, 30, or even 50
years.
make a big cash distribution to
сп.
Whatever you do, you put up
of value
Glasgow-born Isaac Wolfsan is the main architect of fortume- building this way. Starling as 35-a-week worker in furniture he now Own a great of stores with an
business. enormous mail-order
And so the money-making goes There are other ways, of course, particularly by gambling and inheritance. But the gam The lato Sir Montaguo Burton bler rarely keeps the money be started a back-street tailor's makes and inheritance, with to shop in Chesterfield with a borday's heavy death duties, is rowed 100 in 1900. Whoa he
burden than a died last year he was in the millionaire class with 640 branch shops and the largest clothing factory in the world. From hi small beginning he built up a business, worth £16,000,000.
often a more benefit.,
Sharp Fall In Shipbuilding
Then the second way Is 44 Fery modern development of the first, but it takes less time. Instead of building up an actual busi«
A steep fall in the number of nosa, one makes money by deal-licences inued In: Britain for In other people's businesses. building new merchant vessels
IDE
The Governments of Singa- the assistance of experts from stable government is worry- F.A.O. and others. Sho has toing to the financial world. Ex-pore and the Federation. import wheat and flour and parts are languishing while im Malaya are proposing to offer thereby, decustom the popula-ports continue to pile up with tax concessions to Industries in a
the result that she had a big bid to attmet foreign capital. tion to a change of diet
Pay- Singapore's Financial Secre- At Genova Asian
Union in and May. tary, W. C, Taylor, told
told Reuter
Many people who have built has been announced in London tatives to the International Lat
“Ualled States paid the the governments would Bunch The United States Congress up
business the Arst hard wo
way by
The First Lord of the Ad- bour Organisation conference
fins completed netion on a comp
want to cash in on their earn mirally, Mr. J. issued grave warnings upon the April defeit ($50,000,000) direct parallel legislation and it would
Thomas. the union and also may be based on concessions
perhaps want more Ho salt during the first st need of East-West toxic follow-
promise bill to sell the Govern- [ings-or ment's synthetic rubber factories, where the Onanciers come in, licences were issued only for 71 money for expansion. - This is
is months of this year, nich ing an armistice in Korea. A have to pay the May deficit capital expenditure,
Mr Taylor. said at present to private Industry plea for the expansion of such through some contribution in
inital and annual allowances. The House and Senate, Both Trade was made by the Parline Mutual Security Agency.
They put up the money and merchant vessels totalling 200,- France is now. asking that were granted in" "respect of approved the measure by voter hops later to resell to their own, a gross tons. mentory Secretary to the Minis.
The future for fer of Labour in Ceylon, Mr the North Atlantic Treaty Or-capital expenditures, and the vole and sent the bill to
the corresponding : period – käet In effect, they are acting us year for "merchant vessels wer Jayawardene,
extolled gahlation should-bear; the cus), proposed legistation would-in- who the blessings of the recent bur-whole or part, of fighting the crease these with retrospective Eisenhower's signature-United agents by bringing together the 1,187,000 gross tons. -- Féance ter agreement concluded be Communist
Indo-jefectRouter.
people with money and the Prosse.
to
forces in
for
White
Pross.
Lite
ellents
House for Freskiont