1950-05-30 — Page 12

Povo 17

THE CHINA MAIL, TUESDAY,

AR QYAL INTEROCEAN LINES

SINGAPORE, JAVA

PORTS and

MACASSAR

"TJIDODAS”*

"TJITJALENGKA"

"VAN HEUTAZ

"TASMAN"

ARRIVALS SAILINGS

6th -Jun

10th June

25th Jume

30th June

- 28th June

"not calling Singapore only to Bingapore, Penang & Bal Deli

℗ MANILA, EAST &'

SOUTH AFRICA & SOUTH AMERICA

"T 16ADANE"

"DERLAGE" "TEGELBERG"

"TJIKAMPEK"

"RUYS"

JAPAN

"TJISADANE"

"TJIBODAS”

"TEGELBERG"

"TJIKAMPEK"

"AUY6"

1st July

10th June

8th Jufy.

14th June

in Port

28th June

1st July

5th Aug

7th June

4th July

8th June 19th June 29th June 8th July

3rd Aug.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"RYNKERK"

"LANGLEEBCOT"

FINANCE AND COMMERCE

FOREIGN FINANCE FOR BACKWARD REGIONS AIRED BY UN COMMITTEE

Industry and the Pound

By NORMAN. CRUMP

J

Slowly but surely the ef- fects of devalution are becom~ |ing apparent.

The

wholesale price index, which stood at 225.4 last Augtot,

has now risen to 249.8 for April,

ARRIVALS SAILINGS

"MARIEKERK"

14th June carly July

8th June 13th July early Aug.

3

Through

Be/L tesued

ta

Mediterranean and Northern

European porte,

JAPAN

"RYNKERK"

"LANGLEESCOT"

"MARIEKERK”

22115

5th June

12th July

early Aug.

18th June early July

-KING'S - BUILDING," TILL UPRONE:S: "CROIS (TO RADET

¿CHINESES AGENTS: BL-CONNAUGHT BOLD e 2004 2008, 23113

ISTHMIAN LINE

(1sthmian Steamship Company, New York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES' AND PANAMA

"STEUL SURVEYOR” "AKTION"

SAILINGS TO SAIGON, BANGKOK &

22nd June 24th July

Tanks available for Bulk Oil.

DJAKARTA (BATAVIA)

"STEEL SEAFARER"

"STEEL ROVER"

"STEEL ADMIRAL"

ARRIVALS FROM U.S.A.

"STEEL SEAFARER" *STEEL ROVER” "STEEL ADMIRAL”

24th June 10th July 10th Aug.

Sails N. Y. Sails S.F. Due ILK. Sailed 3rd June 24th June 6th June 24th Jimo 15th July 7th July 25th July 15th Ang.

GILMAN & CO., LTD.

Tel. 31140

Chiness Freight Agents;-HIN FAT & CO. Lạn.

Tela: 28023, 25559' &' 23483. .......

SWEDISH EAST ASIA CO.,LTD.

ARRIVALS FROM EUROPE

.29th May

5th June

End June .End July

niv. "BALI'',.. ..

8.8. "HAI HING" m.v. "SUMATRA” m.v. "MINDORO"

SAILINGS TO EUROPE

m.y. "BALI" m.v. "SUMATRA”

.15th June

15th July

FOR

ADEN, PORT SAID, GENOA, MAHSEILLES, ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG

Decptanks available för Bulkoil...

GILMAN & CO., LTD.

TOL SITES

Lake Success, May 28.

Foreign finance for backward areas should be used not only for industrial and commercial, projects but such relatively less productive enterprises as improving health, sanitation, transport and communications, a United Na- tions Sub-Commission declared today.

In its report to the Economic and Sotial Council, the Sub-Commission on Economic Develop ment cited these slow yielding but high cost socio-economic projects as examples of the problem and challenge of economic develop-

The

ment.

Sub-Commission, under the Presidency of Mr. V. K. Kao, of India, mado a series of practical proposals for using "Point Four" aid and other methods of financing the development of backward arcas.

World rice harvest declines

Washington, May. 28. The Agriculture Department reported today that the world rice harvest for 1949-50 was cftimated at 334,000,000,000 pounds of rough rice, three per cent less than the post-war high of 343,000,000,000 pounds harvested in the preceding

Season

The Department said that most of the decline occurred in Asla with a moderate decrease in Africa. Record crops were har vested in Europe, North Afrka and South Africa.

It said that Asia's rough rien harvest representing 93 per cent of the world total is estimated at 308,000,000,000 pounds or about 10,000,000 pounds less than the preceding year.

China's crop was the smallest in many years white rebel we- tivities in Burma and Indo-China were blamed for the decrease in acreage and output.

this being an mcrease of 10,8 per cent. The rise in retail** prices hay so far been much less mark- ed, for last August's index was 111, while the

Index in 114. Latest Here the Increase is less than

cent. One cause of this In its section on long-term Bank and foresaw an extension per disparity that, now that the socio-economic projects, the re of the United States Export-

The Department said the off- buyer rather than tire seller rules port declared: "Any substantial Import Bank's activities.

cial estimate of production in In- the roost, manufacturers cannot acceleration, even of admittedly The United Nations body held dia's reported areas 18 73,699,000,- always pass on to their cus-sound projects, will depend in part of its session in Washington, 800 pounds, a slight gain over the tomers the whole of any increase considerable measure on the ex- where it consulted the Inter- 73,051,000,000 pounds in the year in their raw material costs.

Monetary before. The acreage was officially tent to which the prerequisite national Bank and Sales and earnings

base of *social and economic Fund, the Export-Import Bank reported at 71,660,000 acres, an allied economic assistance increase of two percent from a Evidence of this last factor is overhead' is created and broad- and

In the

year carller. found in the 1949 necounts of two ened

under-developed organisations.-Reuter.

The rough rice production of groups,

which between them countries."

Asia's surplus tree, Burma and cover a very large part of the in-{]

Indo-China, estimated at 33,- dustrial field.

000,000,000 pounds, a reduction of 1,800,000,000 pounds from the preceding year and 7,000,000,000 pounds

less than the prewar average.

Burma's acreage fell 21 per cent, and production was 16 per cent less. The crop is estimated at only $7 per cent of the pro- war average-United ProSE.

DET

now.

Hon.

AGRICULTURE IN BURMA

•The report said that there long- term projects should be financed Thes troupe are Imperial so as to impose only a nominat Chemical Industries and Dantob burden of annual payments. Rubber. In both cases safes für It noted that this would re- the year 1949 were greater inquire foreign loans with longer

Rangoon, May 28. value than those for 1948, but in maturities

In maturities and lower interest The Burmese Government an- both cases cornings from trading rates than those available from nounced today i will spend more, show a

a decline.

existing sources.

than Rupees 20,000,000 this year Imperial Chemical Industries The Sub-Commission rejected to promote agricultural produe annufacturing and trading pro- Mr. Rac's proposal for the crea- Alis fell from £29.2 mfilon in tion of a United Nations ccona- The money will be spent on 1948 to. £23.3 million in 1949, or mic development administration loans to farmers, etabling them by 13,3 cent.

But it urged prompt con- to purchase implements 2nd The drop in Dunlop's trading sideration of the low cost, tong other cultivation essentials. profit was from £10.7 to £0.4 term financing by the industrial- The Government sold million, equivalent to 120 per ised countries and

especially arens liberated from rebel occu cent. These two percentages are those in a position to contribute pation will receive priority and so near together as to suggest substantial Anancial resources to the largest loans. The loans will that they have a common cause This is confirmed by the reporta of both groups. The I.C.I. report alludes to the 40 per cent increase in the sterling prices of mictals, which followed devaluation. Moro generally it predicts that de- valuation "will probably result in a substantial increase in the annual cost of the company's raw materials.

such an organisation.

Element of grant

The report urged the Econa. mic and Social Council to die. Ouss the poolbility of pbtain Ing international funds on basis which

may contain element of grant.”

an

A

in-

that

be allocated for Break siffi occupied but will be withheld until Hibarition.

The Government explained that! the scheme covers 34 districts In does not include Burma But frontier areas whose administra: loans.--Associated Press.

will furnish Independent

tion

Whale oil production figures

Washington, May 23. The Agriculture Department reported today that the pro- duction of whale and sperm ail from the Antarctic peloglo whale catch in the 1949-50 totalled 375,817 short season tons, about one per cent less than 1948-49 when the output totalled 379,765 tons.

It said that 18 expeditions re- presenting six countries took part in the Antarcile whale hunt in the last two seasons.

The Department said the com- bined production of whale and sperm all was approximately the e in each of the fast two sea- song for 'Norway. It said the Soviet and Japonese expeditions had increared their output lakt season.

The Department also reported that Chile's 1943 whale and international sperm all production totalled at

Apart from the effect on sell- Emphasising the primary role SUGAR COUNCIL ing prices, tids "will increase of domestic effort, it urged the

TO MEET the working capital required for under-developed countries them

Washington, May 28. selves, as well as capital export- the same volume of business.

The Dunlop group ascribis the ing countries, to

Representatives of the United promote decline in its trading profits to quicker flow of private invest-States sugar Industry and uses "the reduced margins on which ment for economic development Kenerally agreed at a Govern

ment-sponsored meeting that the The Sub-Commission dwelt at we have been operating in 1949.

backward countries United States should join inter- Sales were well mattaneet and length an turnover in value again becreased, difficulties in accepting uncondi- national efforts to stabilise prices but did not, particularly in the tional guarantees of transfers of and supplies

The "Agriculture Department latter part of the year; out

offset the

the earnings to private foreign

sought their views yesterday be rise in commodity prices.

ford Here is the position in a nut- I recommended that the Inter- the International Summon of

Sugar. Counc shell. During the earlier part of) national Monetary Fund and in London on June 25, 1948 world trade was inclined to other interested agencies should The London session is expected sag and prices tended to fall. In study this whole subject in terms to conside the early autumn of 1949 came of the practical conditions under Dgreement for vival 11 American business. made effective. Britain's world trade in con- In on exhaustive study of the sequence song sources of foreign financing, the

impetas, but simultaneously Sub-Commission assigned the terminated early in the conflat the sterling prices those raw primary role to the International Associated Press. materials which sell freely in th

vestors.

cabilising the 15-

devaluation, together with a re- which such guarantees could be dustry, as proposed by Cuba, Least 3,560 abort tops, according

United

Tod Slates full extent of devaluation:

British exporters, however, are far from having it all their own They are meeting with way growing competition in many parts of the world, and we also hampered by import atid ex- change restrictions now Imposed by many countries overscäs.

les rose to nearly the

The next point in these, ne- counts is that part of this decline. falls on the Extnequer mild, nos| on the shareholders. This is the inevitable cousequence” of

the prèsom high rate of (tixation company earningi.

In the cast of a net income before taxation fell be

and 1040 from

£29.0

millich, bitt'the ambfúit

for taxation tell ye het 'bro

minor provis!

to Information transmitted the US. Embassy at Santiago--- in) United Press.

major producing country."

A similar agreement was effect before the war, but was

Denazification

programme fails

New York, May 28.

Irigadier Gengral Telford Taylor, former Chief of Council for the Nuremberg war crimes trials who boa now returned to the United States, said today that he believed the denazification programme in Western Germany has been the most unfortunate failure in most of; its un- Pacts. "

As a guest on Mrs. Eleanor Roosevelt's television Brogramme, General Taylor: said: "I think it is important to realise that denazification hasn't been a process which has radically. changed the underlying frame of mind in Gecmary"

Be added, however, "I don't go along with some people who want tort up, and do the thing over again.****

General Taylor sald he con

the

PTO for FERDEO

tell the riderspeel

who

benefited. Last

foth presid from

reffer

rdler however, does "rat

la remission-of-faxution'

la

terments - TINET

grouti has made a

THE EAST ASIATIC CO., LTD.)

M.S. "KOREA"

Loading about 14th June

for

ADEN, PORT SAID, HAIFA, ALEXANDRIA, GENOA,

ANTWERP, ROTTERDAM, HAMBURG, OSLO,

GOTHENBURG, & COPENHAGEN

Tenks available for the carriage of cti in bulk

THE EAST ASIATIC CO. LTD.

"Queen's Bldg,sand:

priation from Ita

*Purpose of cre

out of which to red läx Habllijs

unification na Bol

* Távoje, tükile the Tick

opportunity, and risk and

te

"But I think we must avoid The

MAERSK LINE

NOTICE TO CONSIGNEES

The M/V ARNOLD MAERSK" having arrived from New York and Porta of call, Consignees of Cargo aro hereby zotkiler that. their goods are being landed and placed at their and expenses into the Host Kong & Kowloon Whert & Go down Companys godowns at Kowloon, where dallery may be obtained as soon as the goodti are landed

Optional carga will not be landed here, unless notice. Has been given 48 hours prior to

TO HONOLULU. & SAN FRANCISCO

"General Gordon"

"Prefidout Wilewn? "President Cleveland"

via JAPAN

„Arr. June 19

Salle Junio 20

Arr. June 10

Sails June 20

Arr. July 14

-Balla July-15

TO SAN FRANCISCO & LOS ANGELES

"President Harrison"

President McKinley"

vio JAPAN

...Arr. June B Sails June

-Arr: June 13 Salla June 14

TO NEW YORK, BALTIMORE & BOSTON vio PACIFIC COAST & PANAMA

"President Tyler" " "Willamette Victory"

.Arr. June, 10 Vet. Arr. July 15

ROUND THE WORLD

Salls June 11-**

Calle July 10

VIA MANILA, SINGAPORE, COLOMBO, COCTIIN, BOMBAY, KABAČIJI, SUEZ, FORT SAID, ALEXANDRIA. NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON "President Grant" Preddent Polk"

Arr. June 4

Arr: June 20

Sails June 6 Salls Junio 22

TO JAVA & STRAITS

"Willamette Victory"

St. George's Bldg.

Arr. Juno 13

Sails June 142 Tel

BEN LINE

CHIP "BENARTY" "DENVORLICH" "BENMACDHU!” "BENLOMOND” *SENALDER"

"BENAVON"

"BENVENUE"

"BENDORAN” "BENLAWERS"

"BENMACDHUI" "BENAVON" "BENLAWERS"

"BENLOMOND"

"BENARTY"

#BENVORLÍCH" **BENALDER" "BENVENUE"

ARRIVALS

FROM

U,K. via Bingspera, on or abt. 8th Jung

SAILINGS

London: Antwerp, Rutterdam?

Hainburg

Dublin,

Liverpool,

Havie,, Hamburg

Hulk.

Genoa, "Le Havre, Lon- don & Hamburg, Liverpool, // Qissyov, Dubfir," "Antwerp. Rotterdam,

Accepts Cargo the Japast,"

F¥¥ Judu

28th June

2nd July

16th July

20th July, 20

9th Aug. 1400 Aug.

Loading on or abt.

path: June 20 July

17th Aug.

30th Jung

10th June

14th June

"Bth July

Sat, July

** Rocèpts Cargo for Havre.

Vis Malaya, Colombo, Pert Budan, Aden, and Suez Canal,

For Further Fisticulars, Apply To---

W. R. LOXLEY & CO. (CHINA) LTD.

Agents

York Bulldog,

BRITISH

Telephone: 24185.

が

INDIA

24

STEAM NAVIGATION CO., LTD.

(APCAR LINE)

Offer

SPECIAL ROUND TRIPS TO JAPAN

THE REDUCED FARES

vessel's arrival, bot carried HK$600.00 (1st Class) from part to port to the firial port of call to which the option extends.

No claims will bo ddmitted after, the Goods have left the Godowns, and all goods remai ing undelivered after June [6,1930, will be "subiject "lo

Broken dinaged Choods

quest. agreed with General Taylor that denaxineation had rent. vait faid: ""Denazification - h not been a wall, koomengijsljed as it should set i trany, „TERNGINE But people, have to live and tin, the think now we must go on from will "be here."

5, 1950, ....at Surveyors, Mfer

To comply Bonded

courge of giving. Gerimay, "and, Mr. Javits called for a now Douglas. indged, Europe, the Impression educación grogramow“ to. CHOI that we want German support Germany "Ideas which she did not and German favour at all chri have in all the yours under Hitler,

Mrs. Roosevelt, agress

when there wad; "Telly.in. WPDEL curtain on Germany":

· Central, Taylor.

anue Officer

and

HK$450.00 (2nd Class);

Period October, 1950

MACKINNON MACK

Telephons Nos!)

U.S. ORIENT MERCHANT LINE

*** (CHINA) ATO