BRITISH SALES OF
TO JAPAN
WOOL
SHOW SHARP RISE
London, May 30. The National Wool Textile Export Corporation today reported a sharp increase in sales of British processed wool to Japan in contrast to generally lower sales to other markets for the first quarter of this year compared with 1960.
Japon is the fourth higgest Japan le to ne nu woollens buyer of British woollen goods. starting o11
Thursday, Japan, A1-the same time, however, a which along with Australia and
the -pakes for
1000-Br New Zealand, showed the largest Corporation reiterated
strong gains for the period over the oppelion lo the hew daly i sone period last year, imported; £19 iniing worth of wooltops! and cloth for the first quarter of this year, the spokesman said, This, he said, " an in- create of GB per cent,"
The spokesman explained, however, that the increase was ! due to a three-fold increase in Japanese parehase: of wooltaps rather than an increase in the purchase of rioth.
Liner Canberra
has TV studio
London.
Due of the public rome at the 45800-ton luxury liner Cunborn - the 1. and 0,-orien Låney vessel which tails, no Mer muuten voyage on June 2-bas Laren wired for me as a televis an itdio.
A consic com be plugged a and ward for play, interview. sand amusfest shaws prohi by the new staff and pater
Outsides shots, partiener- ly on the badge, will also give juet enters an ineight into the
navigation of the TRONINE And
BTS.
zhips LPS.
New tyre plant
and
Cleveland, May 30. Kelly-Spring Field Tyre Com- pany, shendiary of Godyear "Tyre
Huldøy Company, plans to bugim inngtrieljom im- mediately of
a mw $10 million tyre plakt in Tyker, Tex15,
Mr G. Newman, the con- pany
present, bald the 0300-square-font plant wo produce about
EFFECT OF DUTY
For the Arst quarter of this
Japan year
imported £3.2 alltion of wooltops compared to C1 million for the Brst three
months of 1960.
Woolfen cloth sales," the spokesman said, "fready have gone downs from bat won ted
about 30 per cent year while that for was about even." Whether the decrease in the purchase of woollen ecloth was due to the new Japanese duty mis hard to say," the spokesman. pund. The duly orignally was to imposed several mouths
ינג
earlier.
would assume," the "that spokesman also said, the new daty would have an effect on trade, but it is hard to determine how much."
When the new duty wuz first comeed by the Japanese, the British government, through its Ebay in Tokyo,
expresser!
its mition and anteed for an explanation,
be
That explanation since has
received in Britain und
1,000 passenger daily with experied to douth e in iter penis. Eventually, he sath, the plint on to the industry here.
wih prode in aniditing iruk and tractor tyres. Julia pro- quelinu i scheduled for nex! March. -China Mail Spreini,
}
export corporations spikesvion soid leulay. however, that any renly is unsatisfactory. We would be satisfed "Only 17: fhere is no new duly."--UPI.
P.O
ORIENT
LINES
s.s. "CATHAY"
for UNITED KINGDOM via SINGAPORE,
PENANG, BOMBAY, ADEN, SUEZ-PORT SAID
EMBARKATION NOTICE
EMBARKATION: The ship will be berthed at No. 1
SAILS:
BAGGAGE:
Pier. Kowloon Wharf. Passengers should embark between 2,30 p.m. and 4.00 p.m. on Wednesday, 31st May, 1961.
The ship is expected to wait at 5.00 p.m. on Wednesday, 31st May, 1961.
Should be sent to the Hongkong & Kowloon Wharf Co.'s Godown (No. 2 Gale), Canton Road, between 8.00 1.m. and 5.00 p.m. on Tuesday, 30th May, 1961.
SUBJECT TO CHANGE
Agenta:
MACKINNON, MACKENZIE & CO. OF HONG KONG LTD.
Telephone: 36211/9
:
THE CHINA 、 MAIL, WEDNESDAY, MAY 31, 1961.
LONDON UAR will 'Egyptianise U.S. markets closed
CLOSES MIXED
London, May 30. Disappointment with com pany results pushed scottering
0
of industrial
Cón-
all foreign commercial agencies
Cairo, May 30.
stocks into the minus The United Arab Republic will onforce a law "Egyptianising" foreign commer- cial agencies by January 14, 1962.
column today but tinued selective buying gave the list a mixed look by the final bell, Trading was quiet.
Blue chips generally, shaded. British Chemical, Imperiul American Tobacco, Woolworth,
und Dunlop lost Courtaulds few pence. Vickers and British Motor Corp, tiny fractions,
Some property shares scored sharps gains. Stores and ship- ping stocks Armed but steel, engineering and electrical equi- tles were generally lower,
Greeks firmed in the foreign bonds market.
Gold mining stock shot ahead, while coppers and rubbers were down. Tin and wa stucks 'im- proved, Olls were mixed-UPL
Closing prices
JAZ Overnment Herurities 2 Consolidated-$14
Conversion £53-3/16. Savings 1055/113–112)». Savings 190077-76-15/14. 32 Savings 1803/75d7%
Uverack Bonds
5. Gertain (Dawrs-94 D. Japanese, Aasrotend- £158,
Bank & Instance
Barclays Ord-Bus let,
hartered 1300 nel. Guardian Aeorance-1715 d.
gong Bankip Lloyd Hurik- Stef. Lamdard Hunking Orl-205 Ad. Prudentia Amur "A"-- £26-11/10. Royal Bank of Canada - £27) Royal Psurance Ord-174. 10555
Bethan det.
HONGKONG
STOCK EXCHANGE
HOW OVIECorre
the Hong 】$t:i1e,te*rltye at Stuck icong
Exchange this morning anousted top
$2,330,000. Non proximately quotations and the moraluga transactions:
12
Shares Bayers Sellers Kalen HK Huk
414
Taboo Dork 71,
21 30 HK Gas
72 BON
ACIEK 272
AREA
GANI
21.30
AU
2130
Wheeluck
16.60 1670
2000 10 64
4000
18 70
1000
16 60
HK Dock L'. Prov.
11
140)
1000 247
HK S.
Hotel
43.
-10
1000 16
360 29 NG
·
Shell Transport Ord-12 Gd. Rayal Dutch-14_2/160. Ukiramar Company-34% 7.
streis Engineering abcork & Wileox Ord-32x 3. 1Jarman, Lung-34» 450. Chest, Keen Ord-R.
IK L
JHOO
ir 79+ 17 200 74
HK Land
Harland & Wolff Ord-17a 3. Stewarts & Luych Ord-83 3. Summers & Sons Ord-55 Tube, Investments--748 2002, Unlied Steel- G. Vickota Ord-30% 65,
Youmafl
131
13.5
.
200 13
IK Tram.
30. 10.
2014 eur 44)
C004 40
30% * 40
500 40
Formaty
Electric
Assae, Elec. Industries- 41% 91. Elee. Mus Industries 45s Cal Engindi Electric Ord--344. General Electric Ord-36 d. Philips Lamp Works-211-7/10.
Industriali
Assoc. Pertiand Cement-91s d flordning Mariten Ord-ds 100 Borax (olding in 4.
Dunlop Hubber Ord-284 101,. Floms Ort-51s Dd.
Cima Holdings) Ord.--6s 11,4. Turner & Newall Ord.-18s 10-20. titever Ord-1478 21.d.
Wiring Teape Ord-67.
Chemicals
ch.
Imperial Chemical Ord-77 Monsanto Chemicals Ord-29 701.
Einemas & Television
Moge Empires Dra-ids 19,d. Bank Firganisation Ord-8th 793. Stolf Theatren-10% 11.
*ar
Howater Paper Örd-03 CG.
De La Rue Ord-68
Spreera Ord--5 91.
Tobaccos
Brilish-Amer. Tob. Ord-739 3124. Carreras Onlix TL Gallaher Ord-31s 0. Imperial Tabageo Ord - GƐa 11⁄2d.
Mature
British Motor Ord-16# 4d Hawker Siddeley Ord-als fud. Jaguar Cars Ori-101s 101,d! Bolts-Itayee, Ord448 0. Westland Aircraft-18% Dail
Textilex
Bratford Dyers—19%. Cullen Printers Onl—14 Oct. Coats (31 Jalan & Baldwins- 47.
Courtaulds Ord--429 fel. Fizia Hntara Ord--27% 30. Ameritre Cotton Ord-S
Breweries
Distillers Co. Drel-399 0. Cine Artlur) Ord-584 34. Ind Coope Ok226 01.
Hipper
Great Universal Drd-034 11.4. Great Universal "A" Ord-59 1 House of Fraser Ord-70s 14yd.
"A" Ont-100s th & Spencer "A" Ord-110 Tate & Lyle Ord-50% M. United Drapery Ord-20s 11). Woolworth PW, Ord.-50% Dd.
Miscellaneous
Dawmaker Ord-22 11. Canariot Punde Ord-27 Cunard Stworthle Ord-ton 30. Forestal Land & Timber -12% vet. Hongkong & China Gas-155. Hudson Bny Co-1014. Fudo-China Def. Ord-23. Land Securities Ord-3lx 94.
& 6. Steam Nav. Det-42s. alinen British Tin investiuent-la el. De Heers Def-13ix jud. London Tin Corp-17 30. Mount T-339.
Fetaling Tini.
Bhodesian Anglo-Amer. Ord-579
Rio Timo (carer)-41% 30. Hon Antelope Copper-03 G. Unlun Corporationem dif. Welkom Guld Mining-t Western Holding
90,
Rubber & Tear Anglo Indonesian Plant-5s. Ceylon Tea Ord-20 34. Imperial Tes Ord-15. Kuala Lumpur-Kayong--31 0). Lambak Rubber-as d.
Unsurpassed Quality
GENERAL
JETAIR
• DUAL-TREAD SAFETY
• LONGER MILEAGE
• QUICKER STOPPING ACTION
• NEW QUIET RUNNING
• NYGEN AND RAYON CONSTRUCTIONS
-Reuter.
יוד מת
Ch. 13ml .. STN 314
1 Elec.
372 37
HK Tel....
14 15.10
Cement Dairy
200 38
2500313-4
! , |!!!
1100 40
200+ 27% 500 / 37!! 2000 or 3715 2000 3
100 or 30 400 30 300 371 100 38 252 3722
TOCO E
500 1 1712 2000 53
500 $3
2000 53 153 500 52
53 « ואצו!
5:00: GO
300 30
1000 + 30
1603
500 344
Watson Allied Inv. "Textile
40
12.30
0.15
4.00
10:10 8.13
2004 » .z3
26 15
Nanyang... 1-1.-44) 131%
03/12 143
100014
1000 14 20
14.40
14.30
$ 14.10
14.40
4080
A Hubber
606 0.70
1000
0.70
Hubber T. Cits Hotel.
7.90 3344
**።
1000
1.15
2534
100 A 344
"No exemption will be made,” U.A.R. Trade med Economy Mluister Hassan Abbas Zaki salt recently, He gald that the law "will be applied to all --Greeks, Kuwaitis. Saudi Iragls or Arablans, Lebanese, olliers who ure not U.A.R. eftizens,"
The taw for the Egyptianisa- flon of agencies was promul-
New York, May 30. Major securities and commodity exchangen throughout the United States were closed in ob- servance of Memorial Day today.——UPI.
Record exports
for Canada
Ottawa, May 30.
TRANSPORTATION
Ashanti completes
sea trials Navy
for
gated in 1957, when the law for Canada's exports in January The first of the now Tribal class of frigates,
The Egyptianisation of insurance
companies and foreign banks It confined com- was enacted. merrial representations to Egyptians or Egyptian joint- stock companies.
The law, which excluded foreigners from the commercial! agency profession, granted a
for all. delay of ve yours
• foreigners
such engaged business to comply. This expires on January 14, 1002.
UAR NATIONALITY
Pareign
22 334 1
330
200 XP
2004 337
1009 6 18 2.70 2,725 100R0 • 2.70
Heasty
1000 2,725
KMB
70 702
25000 44 2.78 200 7019
170 2014.
52.63 7815
Star Ferty
Gitman
200
5.10
254)
100 A 2003 5.15 +5.15
4000 / 5.10
Поре
-----
2000 M 5.35
4000 5.25
were valued at a record for the month of $443.2 million, surpassing the 1960 peak of $411 mil- lion by 7.8 por cont, the Bureau of Statistics ported today.
re-
Large increases in exports to Britain, Japan, Australia and India more than offset a sub- stantial decrease to the United
Gains Stutes, the report salti. also were recorded for Norway, Luxem- France, Belgium and bourg, Little change was re ported in exports to West Gel-
many and the Netherlands.
Among the principal To Egyptianise their business, | modities exported in January.
nationality, there were UAR
large increases in while others form Junt stock newsprint, wheat and nickel, an a substantial increase in companies
rantum ores and concentrates.
The United States, Canada's
agents, Commercial including
Greeks, are either business "Egyptianising" their or liquidating them,
take
of the bit
com-
Com-
Representatives Grms for joint stock panies, in which U.A.R. citizens best customer, bought $215,- worth of goods con- hold at least 51 per cent of the 250.000
a year $240,372,000 shares. A joint stock companypared to is required to have a minimum carlier. working
£20,000 capital of (U.S.$57,400).
Airline Travel
agencies, companies and foreign repre- schtallver of enterprises undertaking pubile works Lu the U.A.R. are not affected, Several foreign concerns presented here are planning to bulld factories in the L.A.R.
The Internationally renowned Italian "Plat" Company recently concluded contract with the ULAR. government for the pro- duction of cars in the southern region, under the U.A.R. 5-year industralisation plan.
Foreigners are also authorised ta transact business as before, except that they are not allowed To become the sole representa- į
HMS Ashanti, has been successfully completed by the builders, Yarrow and Co. Ltd., of Scotstoun, Glasgow. She was launched at this famous yard, specialis- ing in high-spoed craft, in March 1959 and has been fitting out and on trial for the intervening two years. The propulsion machinery is
of an unusual kind, and way evolved by the
Yarrow-Ad- miralty Research Department ini conjunction
with Associated Electrical Industries Ltd.
A steam turbine which
pru- vides the power for nonal cruising, and a gas turbine which provides the additional boost for high-speed work and at the same thm allows emergency get- nway, both drive on to the oame propeller shaft. The effect is
Sales to Britain the next best that Ashanti enn get under way without raising steam and can 'customer, Increased from $07-
be moving in only a few minutes. ! 890,000 to 500,108.000,- UPI.
COMMON MARKET
'Don't expect
too much
too quickly'
tive or agent of a factory or of Too
ja foreign exporter.-UPI.
Rubber
market
Singapore, May 30. After opening slightly lower
!
London, May 30, much should not be expected too quickly should
an agreement emerge between the Mar- European Common kat and the European Association, Free Trado
the Chairman of the Dunlop Rubber Company said today.
Sir G, Edward Beharrell said
would be as well if we all
NEW FORM
Transmitter-receiver
for small craft
The Marconi International Marino Communication
Co. Ltd., has introduced a new radiotolophone tran- smitter- receiver, the Kestrol, designed specifi- cally for small vessols not compelled to carry radio equipment.
The smaller type of vessel This new form of propulsion dritter, trawler, coaster, or liar- wil be ted in other frigates bour service croft requires of this class, and will also be of some form of effelent, medium Interest to commercial users of powered
with communication high-speed turbine craft, espeel share stations and, by link ally in the application of the calls, to the offices of its owners, boost of the gas turbine's power. harbour authorities, and other
Ashanti has an overall length points of necessary contact. of 300 feet and a displacement
Most of these amall vessels or 2,000 tons. Armament
in space, power clades two 4.5 inch guns, anti- are limited submarine mortore and torpedo Aupplies, and budget, and it is often the case that one of more tubes. A helicopter is 10
of these restrictions precludes carried
anti-submarine
the provision of high-powered and consequently rather bulky radio equipment.
for reconnaissance.-LPS.
Chairman's
report
in-
be
The Kestrel is a neat, com- pact, combined radiotelephone transmitter-receiver with Cun- eol and direction-finding fact- iles, almple
operate aud occupying
mininum space. The transmitter and re-
the
to
London, May 30. ceiver units are of similar
In his annual report, Mr dimensions and can be mounted
K. S. Peacock, the chair- either side-by-side or one on
man
of Guest, Keen & top of the other to fit the space Nottlofolds Limited, said available.
The receiver, which covers a did not expect | that he the facl Recepled
of that the
190-4500 the year 1961 on closer association of ceamomiles
to match frequency band ke/s.
facilitle: provides
for the record profits of 1960. visual makes available the opportunity
Consol reception and bu for growth-not growth itself."
direction Anding. It may
with 11 used in conjunction
se radiogontometer unit and axed a rotating loup serial, or with loop. The receiver can also be the used
independently
the market steadied some short covering and lower sheets demand. Covering of No. 1 HSS for Russian steamer *L present maintained loading federation spot premiums,
Lotr After
general
sellers.
prices held slight rise Interest and
At higher levels
steady on folr luck of
sellers up- peared and buyers withdrew slightly.
In London, the rubber market was steady with spot quoted al,
24 28 40 4000 28.10 20-1/15 pence.
Exchange rates
In Amsterdam), the rubber market closed dull today.-UPI,
Agreed merchant
rates
Fun wir tune" In the noffelai
exchange market morlag at the fällowing roles:- 1.5. Mallar iper 511 Sterling natei (por £11 Austrailere note iner Indonesian Ituplah ter 100 Stam teal (per 106) Singapore (Stralis)
Joral
3.757
15.54
£1)
12 FAL
3.40
26.00
1.1
Canadian $ Maximum Selling 17-1/10; Minimum Buying 17- 5/10; TT.; 17%; O.D.
He said that apart from the He said even when tariffs had question of volume of business,
in was finding disappeared and fecal polletes the company were suitably rented "there is creasing dificulty in maintain- martins due to in- no reason to believe that pro- ing profit bles of production and dis- creased rosis. tribution will disperse na
spirit of economie unanimity,”
transmitter.
ot
said,
il
The transmitter has a total of eleven spot frequencies in the bund 1.0-3.8 me/a and can be operated on either
the duplex
Secondly, Mr Peacock taking the long term view Very real natural differences would be dimeall in the present existed between countrics and decade to maintain the rate of the ten these could be expected to con- growth achieved in tinue beyond the point of unity, years to 1000, Beharrell saldi.
COMPETITIVE
or simplex system. The setting Distress" of the "Calling frequency, 2132 keys, la dently marked on the controls of both The transmitter and receiver, to ensure simplieity and speed in selection. Metering fuellities enable valve feeds, LT, and IT supplies and Consol ro- ception to be The glance. meet this
fis company had been manu- faeturing in Fiance
Sales In the home market and and Gerexports from the United King many since 1893. Their experi
dom would be subject to strong ence had found national dis-
competitive influences from the tinctions in taste and outlook. Common Market countries and These might only disappear elsewhere, notably Japan. the course of time, and gelting campany's policy to
cherked at A
The power unit, may be in-
to grips with such differences situation was to reduce its costs stalled in any convenient posl- was not always as straight wherever forward as it might seem. He usually
said.-UPI.
COMMODITY PRICES
COTTON
Tin
Sout J-month
د الهرم
20-2416
20-201
26-24!
26-281%
2544-2542 23%-23
17
General markets, clit, beads, paitat
A tale crepe Min Jung thick June
AMSTERDAM
Closing prices all in guilders per kilogram, c.lf, June:
Buyer Sellers
Oct./Dec.
Jan./Mar.
870
Apr/June
076
July/Sept.
Сперег
hipot
2435
5434
June
3-month
245
24513
July
Lond
LIVERPOOL
Spot
631%
Closing prices all in pence per
lb.:
Amanth Ziar
Spot
G
817
American Contract
J-munth
021
-UPI.
0214
May
230
July
21.03
24.90
24.30
Mar
24.30
JETAIR
May
24.63
JUHS
24.05
Mixed Contract
Mos
July
Dec.
Маг.
May
THE HONGKONG TYRE CO.
TOP-QUALITY RETREADING
Hongkong: 25 Morrison Hill Road, H.K.
Kowloon:
Opposite Kowloon Magistracy, Yaumati. 39 Tonkin Street, Shamshulpo.
Service hours
a.m.
8 p.m.
(Estd. 1932)
Tol: 72455 Tel: 68382 Tal: 57452
July
RUBBER
BINGAPORE
Closing prices all in Stralis
cents per lb. fo.b.
20.45
24.70
23.04
Ports:
Ma, 1 June
-UP.
Hu 1 July
No. 2 June
No,' 4 June ...........
Blanket reepe
LONDON
METALS
No. Jane
Spot rubber untaled
| No. 1 polo eragin
Mulayan
#714-!
173-174-
80$-001 BELE-M
07!-OTAL
74-7015 0314-03
No. 1 ruliber
No. 2 rubber
No. 3 Fubber
No.
crepe
2.37 buyers 238 buyers
2.39 buyer
2.00 nom. -UPI.
FOREIGN EXCHANGE
LONDON Closing raler:
New York Montreal
Amsterdam Drusels Copenhagen
Closing prices all in pence per Frankfurt
1b.
Settlement house taim:
July/Aept,
10-1/10
20.2015 FO-201
LONDON
No. 1 R spot. Closing prices, all in sterling ne per long ton:
Listen Ovlo Par Stockholm
2.79-1/16-3.70 3/10 2.75 3/18-2.78 11/10 3000231-10.02T. 139,5319-130.3715
19.34-10,24)
11.0736-11033% 30.13-80,23 392001-2000 13.0711-13,074 14.40-74.8015,
MUPL
which tion, beside or away from the possible, involved capital ex-transmitter and receiver, draw- penditure, and to expand along ing is supply from either 24 or broad lines. London Express 12 volt batteries,
Service.
Kestrel will deliver a power output of 30-50 watts into a wire acrial of G0-110 it, or a whip aerial of about 20 ft. in length, although In the tatler
Dredger for Rangoon
Simons-Lobnitz Ltd., of Ron- frow are to build a suction dredger for the Port of Rangoon.
s
CASC the frequency range limited to the band 2-3.6 m/s, with some reduction in radiation elftetency-LPS,
The vessel will contain own hopper with a capacity of 1.000 cu. yds. and will have twin side pipes dredging by the trail. The
ing method, The dredger wlli be driven by a diesel engine and will have twin cerows.
Eastern section
very quiet
London, May 30.
castorn soction of tho Baltic Exchange was vary quiet today with only one fixture reported, for an- other grain cargo to the Spanish Mediterrancan ot the same rate as yoster- day's fixtures but this from the eastern states of Australia. The Silverwelr
timo Overseen
She repincer the Cormorant bullt in 1913 by Willam Simons und Co. Ltd. who are now Amalgamated with their neigh- bour Lobnitz and Co. Ltd., u Shmons-Lobnitz Ltd. competition for this contract was very herce and the firm are delighted to have retained tho connection established by thu earlier dreiger.
Burmese orders have not ap-Australia to the peared on the Clyde for a year Mediterranean or two but over the Just ten 6/27 position, There years a number of riverboata opilon of discharge at Spanish and two merchant ships have Atlantic cosat at the rate of becu built for Burma by Scot-75/- with 750 motric discharge
113. shipyards.—LPS.
motor verti of 14.500 tons received 73/0 for the movement of (5 pт cont) wheat in belt ex silo from cast Spanisht Sa September wax the
| free—UPI,