Discovery Goes Into Dry Dock
THE CHINA MAIL, THURSDAY, DECEMBER 3, 1953.
TRADE and COMMERCE
French Businessmen
Captain Scott's Polar, ship. R.R.S. Discovery, which for many years has served the Boy Scouts Association at her mooring alongside the Victoria Embank- ment, has entered dry, dock for examination to see if she is fit enough for future use possibly by the Admiralty. The picture, shows Discovery in the London Graving Dock, where she is now being prepared for Inspection by Admiralty
surveyors-Central Press.
The Key Figure In KILIMANJARO
British Delegation
Bermuda Talks
At
(By DON DALLAS)
London, Dec. 2.
A diplomat who has talked to Stalin twice and to Molotov more than a dozen times, is the key figure in the British delegation to the Bermuda talks this week.
He is urbane Sir Frank Kenyon Roberts, who is accompanying Sir Winston Churchill because he is the leading Foreign Office expert on Germany. He also has more experience of direct negotiation with the Kremlin leaders than almost any other British diplomat,
Sir Frank has helped to draft | the Western negotiations with several regea British notes to Stalin and Miclotov, which almed Russia and may be called on to to end the Soviet-blocked' of do so again ju Bermudo.
At 46 he ir tue of the ablest of Britain's younger tareer diplomats and has been called a "human dynamo" becaver of his 20 hours ability to work up to a day. As Minister in Moxow from 1945 to 1917 he surely want to bed before 3 am, and was up ngoin on after 7 1.m.
He speaks German and French fluently at Russian reasonably well,
Sir Frank hit the world head- lines in the stonine?"
Berlin.
were
COLLEAGUES His Western colleagues then General Walter Bedull Smith, the American Ambassa- dor, and Mr Yves Chataigneau, the French Ambassador,
When Sir Frank Roberts left Moscow as Minister in the sum- mer of 1947 hoʻbecame principai Private Secretary to the late Mr Ernest Bevin, Foreign Secretary.
In
the then Labour Government.
SNOW FOR LOCOS
London, Dec. 2.
The shows of Kilimanjaro will keep Kenya's locomo. ilves, running.
#
East African Railways are planning 60-mile pipeline to CARTY, water
foothills from ilke
of Africa's highest mountain to stations on the Colony's inalu ratroad between the the capital Nairobi, and main port, Mombasa,
Borcholes In the car- desert
the Iine country erusses are beginning to dry up, and railway cll- gineers have decided on #pending £870,000 to build the pipelle fed by the film-famous snow.Lon- don Express Service.
C'wealth Students Spend £7m In Britain
London, Dec. 2. Commonwealth
students
Mr Bevin sent Sir Frank back spent £7,000,000 in Britain to Moscow the following sum when he represented Britain itmer to argue the Western, case last year in fees and main
of 1948
Booming
Aircraft Industry
London, Dec. 2. Britain's aircraft in- dustry is booming Canada.
J
in
SECTION
Page
Rubber Situation
Turning Increasingly Causing Concern In Great Britain
To
Communist Bloc
Paris, Dec. 2.
London, Dec. 2. Mr Oliver Lyttelton, the British Colonial
he Communist bloc in find new greasing HONGKONG though has said in the House of Commons that
to the to outlets to fill a gap of about 20 per cent in France's balance of trade.
The French Government gave them assistance by granting to manufacturers who export goods to the Communist bloc the same economic pri- vileges granted so far to dollar and sterling
earners.
These privileges enable manufacturersTM to get 11 rebate on taxes and social security dues for goods sold abroad. The French Finance Minister, M. Edgar Faure, rald recently that this new measure would cost the French exchequer 1,000,000,000 francs (about £1,000,000 ster- Ing) over the next twelve months.
B
SHARE MARKET
(From Our Correspondant)
Business done
fears expressed by a questioner about the effects of the situation in the Malayan rubber industry may be exaggerated it is undoubtedly causing the British Government and the Federa tion Government serious concern.
The questioner, Mr. Ston Awbery (Labour), had asked if the Government know that the production of cheap synthetic rubber in the US, together with Exchange this morning amounted natural rubber from Malayn to on the Stock the chibargo on the export of to $488,571.50. Noon quotations China und Russia, and the morning's transactions: using "a slump in the Ine
NARES BUYERS #ELLENS SALES
11 might · reduce Malaya to the condition of
(New) Wheelock XD
Bongkew
,
were
amp because of its on this one time he said. Mr Awbery
asked what plans Mr Lyttelton had for helping the trade. 161
NEW YORK
STOCK MARKET
New York, Dec. 2. High-grade industrials-feo-
Mr Lyfteflon replied that the tuned once sgain by Gineral Government of the Federation Electric-paced the stock mar- was determined to raise the ket in a vigorous advance in efficiency of the natural rubber active trading today.
The advance, the fifth session Industry
stry in order to meet any
of a rise which was interrupted fair competition from synthetis
briefly only
3.18 rubber.
1
BANKS
HK Bank
.. 1013 1025
11030 301023
Lombard
Unten XD 0000871%
GO
5040
K. Wherl Provident (Old) Provident
.....21.3021.70
12.70 12.00
12:30
B14 500
1000 **
1.00
ifted average.
for proft-taking
industrials to level since
3.30. 6.78
300
74.
8.30 rural und 74ment authority was helping
320
7
COO
163 Rubber
| 1852, regulated
27 3000 27
grading
and
rubber.
My smallholders with the prepara- Rolls 7815 tion of latex and the Malayan
hy
rx- points, Export Registration
dividend, Board, established at the cnt! of
Unioh, Paciile. The Rdjustment .for the packing.
This dividend pulled down shipment
the rail of
average three cents.
Trading was
Ulities moved up a
13.
fern
Ingging a bit, depressed drop of 1/4
in
cente
#
Reasons for the new export. Georges Bidault to prevent drive to Communist countries French exports from reaching INSURANCES were given in a report by the China as they would eventually French
Committee for the be used indirectly to further Development of International China's war effort. It was Trade, a private businessmen's alleged that
DOCKS, ETC. 75 per cent of group whose president,
Dock M. French exports to Chinn under Bernard de Plas. recently the private
commercial deal negotinted
private trade were strategic goods, agreement with Communist China.
The report pointed out that France had ali adverse trade balance with the sterling area and with her European neigh- bours. The country's export market in the United States was described in the report as "limited." "America has huge internal market which largely self-satisfying," it added.
is
The businessmen denied that strategical goods were involved, and said that the steel products only accounted for 25 per cent of thre
10,000,000,000
franes (£10,000,000 sterling).
Since M. Bidault's visit to America, all export permits to China except those for steel goods have been granted, and Chinese citizens may soon be riding the streets of Peking in the familiar green and white French buses.
OTHER ROUTES
LAND, ETC.
HK Hotel TIK 'Land
A big programme of replant-their best ave
yesterday. Ing was being put in hand. The March 30 and the general list to
Industrial develop its highest point since August
Realty XD
(X Rt.) · 1.90
Ris. UTILITIES
Tam Star Ferry 144 C. Light (Old)
XD
13.70 C. Bight (New)
On exports to China, he could XD
10.00 1000 10.80 not add to the reply given on
......
is
Electric ... 20.80
Macao
+
CHINA EXPORTS
1,850,000 shares.
netive, totaling
Investment demand appeared
600 or 10.00 November 9 by the Minister of for high-grade stocks, Improve.
20 700 7 20
200 28.90 State, Board of Trade. The ment among the blue chips
1050 k 27.10
Elec. 1015 700 10.00 export of rubber to Russia was ranged to 1% points in General Telephons 20.03 20.00 500 6 27.20 not, prohibited but was subject Electric which has had several 1000 20.0 to quantitative restrictions im-three-point Kains In recent
posed
by the British Govern- week
weeks. At its high of: $0111⁄2 ment and the Governments of the dependent cerned.
French exports to the United Fre States, the report pointed out, were largely luxury goods,
M. Paul Reynaud, the Con- which were the Arst to remain unsold or unwanted in
Vice Premier, a erists, servative The United States, the report known to favour trade in non- complained, had become Fin- | strategical goods with China as creasingly protectionist" in the a means of decreasing tension. last 18 months. Tarift barriers and the businessmen themselvs in admit that, should an embargo cases crippling: were in some
medical be imposed on French exports over 35 per cent on instruments, 50 to 70 per cent to China, these would eventually STONES, ETC. ------
China in any on watches, over 40 per cent on reach Communist
case, although at much greater textiles.
cost, via Finland or Switzerland.
review
of French export A
to Communist Agures
countries that the toward increas
"ESCAPE CLAUSE"
The "escape clause" in the in General Agreement on
Tarafs
such items as Included
silk, cables, artificial
on Berlin_with_the_men_of_the_tenance_alone. There were report came to the con-Russians provided_covlars, crab
Kremlin.
During World War two
shows Europe
Trend is generat and Trade (GATT), the official ing French exports to Bulgaria, international body with head-Poland and
Rumania, and to quarters in Geneva, did not
trade with * Increared two-way allow American diplomats meet- East Germany and the Soviet
there a free hand; they could ing
Union. Parifl only
lower only
agree. to'
French exports to the Soviet barriers on the
understanding Unien that if any hardship to Ameri-
boilers, can, manufacturers ensued, the wool and cork. In exchange the old barriers would be reimposed.
meat ond furs.-China Mail Marshali clusion that despite
Special. Ald, which fer
several years stressed the French need to er die," increased pro- This
is panounced
assistance, British Council in its 1952-53 American technical report.
French businessTÉN took con- The
exporting Biderable risks goods to the United States and could not be sure of a steady, permanent market there over
period of years.
18,000 of them in all, and The most arrived in the United Dritish press headlined him as Kingdom aboard a British "the cycling diplomat" because he cycled each day from his plane or ship. home In Kensington the
to Foreign Office.
INDIA_POST
by the derivit in France and valuable
In 1949. Sir Frank was ap-
Counell, which assists poluted Deputy High Commis overseas students on their way, port unth
sioner in India, retaining this niso reports that 304 scholarships were awarded from Its funds during the year. Its own staff met 3,007 of the students on their arrival in Britain and found accommodation for over
thousand. two
Most of these men and women came from the
his appointment in :ས Assistant Under Secretary at the Foreign Office in charge of German affairs,
Since then he has talked with the West German Chancellor, Konrad Adenauer, in Germany and it. London,
Rene.
in
GRAINS IN CHICAGO
20291
1
INDUSTRIALS
Cement. 18.00 10.00 Rope
1012
28.70 23.00
21.10 600 211
Dairy Watson
COTTONS
EWO
The Rubber
vas at
In 23 years.
and
territories con- General Electric
best
level Westinghouse
followed suit, Mr Awbery also asked the setting a new high at 352%,
If he had closing a point higher at $5214. Secretary
the report
of the Demand for the electrical equip- Group recently menta
en predictions
Rubber Study
com-
entredl
and
Textle Corp. 0.70 425 8000 4 0, met in London, and what effect their companies will achieve
it was likely to have upon the record volume in 1954: Tubb industry in
spionist Steel
motors moved territories in the near future.
narrowly. In reply, Mr Byttelton stated that he was considering the re- 598 were higher, with 38 al new Of 1,104 issues traded today, port of the management
highs, and 279 lower, with 11 mitter of the Rubber Shidy
new lows. Governments Group with the
The New York Stock Ex- rubber - producing,
volume nitaries with which he was con- change hond
was nt $3,282,000. cerned,
The American Stock Exchange volume was 400,000 shares.
Daw-Jones-closing-averages
Markets
Singapore, Dec. 2.
Jalt. 004-60
de-
industrials
282.81
£8.00
107.00
Comm. future price index
182.03
1-13 03
United Press? |
Those recommendations which The market opened better on related to synthetic rubber and some good offtake from Europe stocks-of-natural-rubber -were- and fluctuated mildly during intended to benefit producers were: the day, Prices:
or natural rubber in the near
20 TRI future. The Governments par is utilises No. 1 rubber per 10. Dec. 93-6914 ticipating in the Rubber Study 5 slocks not yet expressed 40 bonds Feb. 491-001 Group had
recom rubber per 1b. Dec. 89-5875 their views on these
mendations. It had been an- however, that the nouneed, United States Government had relaxed regulations under which
of synthetic 1150
rubber could be mode mandatory And
No.
No.
No. 4
Spot rubber unbaled Blanket crepe
No.1 pale repe
23-631
bp1-50
10-30
LONDON MARKET.
London, Dec. 2.
the
that there was to be an early review of policy affecting na-
The rubber market was quiet with No. 1 Rss spot quoted at tural rubber.
17 13/16 pence per b. Prices:
Пas spot, No. 1
1734-173
208-2071%
Seillement house terimi
in
2013-207 1913 1004-4%
Jan. 1954
271-1736
Karch
1717-18
Jan./March
Apru/June
July/Sept.
1734-10 1836-1939
Dec. 100-1303% 3001.
10115-14 Feb.
130-
EFFECT OF SLUMP
the
rubber
L
NY-London Wooltops
180, asked
160.5
10.3.5
Asked what effect the slump
Industry
New York, Dec. 2. Malaya had had upon the re- Wooltops today closed steady, planting of trees in the estates, 18-23 points higher. Pricer Mr Lyttelton Bald tha main Dec.
107. Traded March 1904 planting scaron was not yet far Maye 11236 General market, cif basis, P-173) advanced. Unill
the
returns July 1241-174 showing the number of acres Oct. 172 replanted and newly
planted Dee. 100-189 Estate crepe rubber thick unguated
Zen. roceived in the thin 103; buyers in 1053 were 154
March -United Preis, first quarter of 1954 the effect Spot
of the decline in the price of Volume rubber could not be fully sessed.
Chicago, Dec. 2. Prices por bushel in cents: So, for the last year. French
Closing Prices businessmen have been looking Wheat No. 2 red elsewhere.
Nevertheless French;
Dec. 1 Dec. 2013 ΠΟΙΠ. exports to the Communist bloc Spot
200 nom. have accounted
for only Avej Dec. 203(H)
20196-14 2014(L) colonica
trade March 1054
200 per cent of her foreign He has advised Foreign Seers-
Cuts in Government granis
six months of Khy
20015- Already, 40 companies tary Anthony Eden on policy to have affected the Council's work
over the first
July
203712-31 1853. Germany. He has also in Europe, the report declares,
Sept.
10932 have plants in Canada wards
Corn, No. 2 yellow accomparted the Foreign Store However, considerable progress
CHINA AND RUSSIA and nearly all of them (tary to North Atlantic Past was made
Spot in.
colonial
15736-46 the Council meets in Lisben and territories, chiedy in Nigeria.
Two trade agreements, with Dec.
1001-2 March 1054 are planning for expan-
and with Russia, con- May China NIGERIA
160-1 sion.
In July he went to New York
months, July In Nigeria,
Council cluded in the last six
Sept.
1543% the. Here are some of the high- with Lord Salisbury,
show the new French orienta- in self-
Ryo lights:
Foreign Secretary, for talks with provided instruction
tion.
171-1214 Dec. De Havillands Will soon the United States Secretary of government and local govern-
Franco-Chinese private March 1954 12515- frat ven- *The move from their old plant at State, Mr John Foster Duller, ment. And, making a
trade agreement; signed by a Oats
7936 In Canada to and the French Foreign Ministure into the world of sport,
the Council sent a lecturer on Chinese Communist representa- Dec.
March 1054 Bidault-China ite
. foot square
factory ter
athletics
tive of the China National Ex-Boybeans, there. (In return, the Nigerians are considering the port and Import Company, and spot.
French an M: Bernard de Plas," a formation of a Nigerian Council
their to present
own way of businessman, last June, provides Mare llic to
to Britain and the rest of
of goods bo-
Juty for an exchange the world.)
two countries Bept.
£20,000,000
Downsview 600,000 nearby.
finished a
extension
Fairey Aviation hus Just
208,000 square foot
to their Halifax,
Nova Scotia factory; they plan another building with 100,000 square feet.
Avro Canada have
recently
pals the Canadian Government
Georges
Mail Special.
Acting
Shell Tanker Company
ali
races can
broome
tween
the
•
121%
痛
NEW YORK MARKET
New York, Dez 2.
Rubber futures deday closed 10
Mr
Lyttelton
***
gives the
180.1 bld
100.1
105.0
160.4
178.2
1955
171.1 nom.
175.3 bid
197.5 nom.
400,000 pounds.
181.0 13.
176.5 asked
-United Press. -
LONDON PRICES
London, Dec. 2. The wooltops futures market following figures of bereage closed frm today" with a turn- replanted and newly planted in over of 88, leta. Closing prices |1950, 1951′ and 1952;--
794
points lower to 5 points higher 313 nom. willy sales of 19 contracts, 313-4 313-3134
were: Quietness prevalled while the 310
1950 48,818 and 5,770 acres Des. 304-304 trade awaited developments 'at
respectively
Jan, 1954 March 2601-297 the Washington meeting between
1031 57,830 and 14,803 acres Tay the General Services Administra-
1952.51,338 and 7,224 acres. July tion and trade representatives
Sept. These Agures referred to estates -sodatlen: rubber concerning the
Det. only.
no There was
specific Dec. information whether thỏ new | Fad,
March rs were quoted | acreago was Jungle brought
May pound., Futurer into
cultivation for the first 20.80 bid time, but it was thought to he
the most part on
7031- No. 2 yellow
311 nom
212-44
310-44
*20512-308 30212-14
130-160 pol New York flour, 200 lbs.
sack
$19.00 nom $13.70
---United ·Press.
130-180
Spot No. 1
at 21% cents a
Dec.
Merch 1954
May
In Kenya, Sir Ralph Richard amounting .to 20,000,000,000 Barley, son opened the Council's National francs (about Theatre at Nairobi last Septem-sterling.) London, "Dec. 2. "Shell" Lankers steaming into ber 17 million dollars for a dis-the world's all ports are to be members.
China is to provide Francs with tea, kilks, spices, and a used factory and they will
operated by
formed a newly
In Uganda, a Council centre certain amount of coal... In on an even bigger soon start
Shell Tanker was opened at the request of returns French businessmen will company, building in Montreal,
Limited.
the colony's Government.
lorrios, machine export buses, This is a fully-owned
The Council's organisation of tools, sub-
domestic electric ap- Dowty Equipment of Canada sidiary of the Anglo-Saxon the East Caribbean
Library pliances and metal products, Petroleum Company, a member Scheme with of
DOWTY EQUIPMENT-
Allrcraft
of
the help
and Wel-
Company the Royal Dutch Shell Group Colonial Devolop pleted. '
will soon add 1,500 Canadians | 20 to their payroll,
Bristol
finished building is new of oil companies which emtrois fare funds was
CARIBBEAN of the world's overhaul
about one-fifth 'plant)
total tanker tonnage."
The local Caribbean „govern-
with co-operated The new company's task will monta ba to operate the Group's cli overall Increase in grants from
Vancopand its Montreal pro-
will
duction
linc.
The reason?
mn
The French businessmen are extremely anxious to see this first commerciul doal with Coin-
US Commodity Prices
New York, Dec. 2. Commodity markets advanced munist China satisfactorily con- along with a wide front today! cluded. They say that unless with cocos, coffee, and sugar a speedy delivery of goods takes racing far in the lead. place, their place in China will
progrtment.
July
Bapt.
Dec.
31.15 bid 21.21-25 for
land
14312 14051
-United Prem,
2024 formerly under primary Cottonseed Oil
15 ble recondary Jungle,China Mall 21.30 bid -United Press. Special.
The Society of British ·Air- ) liept, It will also negotiate} £4,000 to £37,000 during the be taken by British and German Fides, tard, wool tops, was Priers closed as follows (suliders"|
creat
ones:
(1) Canada's defence policy
AMSTERDAM DIARKET.
Amsterdam, Des."2. The rubber market was iteady,
copper, burlap and Per kilogram); { shared in the rise No.1 tubber Jan. No. 3 rubber Jan. Himit daily ot one cent a pound: No, 1 erype rubber jan.
from stemmed
frådern simism of the West African
In Pakistan, the first Counelt businessmen, who are making a ribber, mined, up to nearly, the No. 1 ribber Jun...
SUCCESS.
The
big effort ta develop now.
marketa there.
DISTZASSED.
Constructors gives two contracts and charters for the year period.
parent company.
One of the immediate Jobs sponsored theatre four. is to buy North American pro-awaiting Shell Tabkers Limited is termed a great ducts since Canada might easily vessels. These will raise groups of Pakistani Civil Service They were, therefore, dis- crop prospects, just at a time
shipbuilding programme for 73 Council also sponsored two be cut off from: Britain during now
Group's Lanker war. To cash lir, British the
tonnage probationers on ale-month ad- bullders must be able to pro from 2%-million to 4 millioh ministration courses in
exclusive of
chartered
the report notes, range from naging directors of provision
dues and design
(2)
tonnego.
The Counell' " many fart Sh
of
courser
granted by the French Economic is tight
WINNIPEC GRAIN FUTURES
· Winnipeg." Deo. Prices per bushel m contat
Closing Prices Der. 1 Dec. Qata
174 paid 1.71 buyers 101 buyer 185 nom. - ---United"-PrEES.
Quẩy
tressed when export permit when the world supply situation Exchange Rates Affairs Ministry, were withheld “At Chikago, whest closed up on on for examination by the com-id:144 conta, aqybesos
Whanage Paroleum | gineering for Brazil!àn" to 'trádó”] mércial"VER or the QQUEL PETRO "up":
Trench Foreign
Winn
18
in tank, planes Canada's sales to Canada
ᎢᎳᏅ have been booming. If they arg the th' continue, customers must Company have accepted posts unionist for Warn Airleans, D'Orsay, Ministry be able to get their planes on the company's board. They And its aim is to make Britain
rng and for Na ́ocettikuled and repaired in are Mr J. W Plate, who will be the inferay 6 the free The businessmen complained to No & Nori Cahoda London Express Ser-chairman; and Sir Francia Hop world."London Express Ber that Americart diplomaistas 107 was at 105 centsUnited
arked the Foreign Minister, M.Press vice."
don Express Bervice, viceN
was morning Valet
UakdollaradNTPA) bishal sterling, note
Indonesian gulders, ap lamales per 100)
"Singapore (Biralis)
Indo-China plastros
Now York, Dec. 12. Prices of cottenscod oil folures today, clored as follows:-
March 1954
Sept.
Opt.
16.13
13.30
15.64:
11.40 bil
Prices in cents per pound.
Priven ohë të 15,1 point." Bales
| 108 contracts-United Press,
COCOANUT OIL
PANDE
New York, De
Price of copri
Hiera" Kold
mpi materiál ge- United