1950-11-06 — Page 11

AMERICAN PRESIDENT LINES

TO HONOLULU AND SAN FRANCISCO

via Japan

PRESIDENT CLEVELAND

PRESIDENT WILSON

....Arr. Nov. 27 Att. Dec. 10

Ballz Nov. 25 Satis Dec. 10

PRESIDENT · GRÄNT

via Japan

Arr. Nov, 13

Art. Nov. 14

Baile Nov. Bali Nov. 1

Balis Nov. 18

Baily Dec. 10

TO SAN FRANCISOD AND LOS ANGELES

'PRESIDENT' MCKINLEY .............. Am Nov. E PRESIDENT TAFT

TO NEW YOBE BALTIMORE AND BOSTON vis PACIFIC COAST AND PANAMA

DARTMOUTH VICTORY .....Am. Dec.

ROUND-THE-WORLD

Via Manila, Bingapore, Colombe, Cochin, Bombay, Karachi, Suez, Port said, Alexandria, Naples,

Marseilles, Clonoa, New York and Boston,

TO JAVA AND STRAITS

PRESIDENT JOHNSON

PRESIDENT MONROE

DARTMOUTH VICTORY PRESIDENT FILLMORE

Air. Nov. 21 Arr. Dec. 1

Gala Nov. 24 Balls Dec. 1

In Port

..... AIT, JAN. 12

Baila Nov, Bails Jan, 13

CARGOCAME PREVENTS CARGO DAMAGE ST. GEORGE'S BLDG. PHONE 28172/6.

THAENGALEO MALL FLEETS

ESSAGERIES

M

MARSEILLAISE”

IANCON"

JAUVAIS"

ARRIVALS

M

THE CHINACE

MONDAY

MP FAVOURS BOND OFFER

(FROM OUR OWN CORRESPONDENT)

London, Nov. 5.

The Conservative member of Parliament, Mr William Teeling, who is conducting the campaign to secure repayment of Japanese foreign debts, takes a favourable ylew of the Japanese offer to repay the debts in blocked yen.

The British Treasury, I understand, have ob- jected to this but Mr Teeling is hoping to recruit enough bond holders to his colours to press their point of view on Government. Incidentally, he has no personal financial interest in the matter.

Was

TOKYO Increase

In Tax On

Egypt Issues Rubber

New Bonds

Calto, Nov. 5.. The Egyptian Govern meni today decided *Insure £50,000,000-werth_of Egyptian Treasury bonds. This will permit the Gov- ernment to increase Bank- note: circulation

UP £230,000,000.

Exports

Kuala Lumpur, Nov. 5.

JARDINE, MATHESON & CO.,LTD.

FREIGHT, AND EVASI AGE-DEPARTMENTS.

18 Padder Street, Tel. 80311.

INDO-CHINA S

"PRONTO"

E. "WINGBANG"

. "ESANG"

S.N. CO., LTD.

SAILINGS TO

..... Tientsin

LA "HINDUSTAN"

"HANGBANG"

9th Nov.

.Kealung

0th Nov.

.......Straits, Rangoon, &

Galoutta

Экран

10th Nov,

Sanadakan

20th Nov.

ARRIVALS FROM

8th Nov :11th Not

13th Nov.

Keelung

Japan

Straits,

Bangkok & Salgon

The Government of the Federation of "Malaya" to=|-** "WANGBANG"

6.D. "EBANG" day ordered a sharp in "HINDUSTAN" Calcutta, to

crease in taxes on rubber v exports from Jan. 1, 1951: to drain off big profits in a booming market and stop the inflationary trend.

Egyptian notes are back. el by Egypilan and Belilsh Treasury bonds and gold.

Financial circles here ex- pool the now, Issue to be rused to finance the cotton

crop, with_resulung higher batton prices Associated. Press.

SHORTAGE

the current year's appropriationg Mr Thara, Director of Financial Bureau.. Japanese fer E.Ç.A.

TC- "The review," the announce- Ministry of Finance, was

talic ment sald bluntly, "inftiated cently in this country to

United States about

possibility of by th the Sterling investments in Japan. prompted by the indications of He was told this could not be rapid recovery and the mount- Japan kaveing gold reserves by Britain." mansidered unta assurance that her outstanding Sterling debts would soon be

But British officials take the settled.

view that this country still Mr Teeling's difficulty is in

all bond holders. needs dollar ald-whether ap- contacting But already he has been as portioned through economie or rearmament programmes. They muro sured of support from

better reserves position 20y including than 250 of them

if Britain come in the Far East, Others will be weakened

down exports of have come forward, with con has to cut

which goods manufactured tributions to the fund he isu

cam-normally pay for her supplies raising to

the paign,

AID STILL NEEDED OF STEEL

Government.

the

from

FORECAST

Cleveland, Nov. 5.

The new scale provides a rise certs in duty from five to 12 on rubber cold at:Straits $1 per pound, from abx to 18 cents on sales at STS$1.20 and from soven to 25 cents on the price of STS$1.40,

Further increases provided up to

a vale, price of STS$3, which rubber has not yot reached.

The levy on the recent aver- per pound age price of STS$2

rubber would for spot loose tâtal 62 cents. The duty

will be changed

On the annual production of

every three months,

expected to

The magazine Steel re- ported today that because 650,000 tons of rubber, duty is to produce STS$270,- STS$00,000,- of increasing defence or 1000,000 against ders, acute steel supply 000 at the current mate, conditions are expected to A Government statement sald develop next year.

"Steel procurement dificulties are mounting in step with the the magazine zaid in its weekly expanded defence programme," summary of the metal working industry.

that the increased duly would bo used for building up of reserves which are essential for stability and for the future economic and social develop- ment

finance the

materials of raw When he has recrulted suff-Sterling area.

It is not thought like While holders clent bond

he will that America will complete- MARITIMES form a committee to take upy

view, the case with the Japanese disregard the British

that be no doubt there can she will use the opportunity to He tells me that many of the bond holders are old-age should admit a greater in- press her own view that Bri- pensioners. They are the people now of dollar goods,

The Goverrunent added that he la most concerned in help-

My forecast last week that

putting planters were many ing. If partial repayment in Mauritius would seek a Joan

The bulk of production is still nothing aside from the present blocked yen could be obtain. In London early next year has being used for civilian needs big gains in rubber prices for "these but manufacturers have been been confirmed. 8th Nov. fed with the resumption of pay now

profits find their way back into 14th Nov.ment of interest these people Hilary Blood, Governor of the unable to obtain enough steel future replanting and 20th Dec, uld then transfer their bonds istand, who came here for the to build sufficient Inventories. circulation, thereby adding to

into something gilt-edged and

opening of the new House thus get some benefit from the Commons, tells me he has had rise to such serious economic/the present inflationary · trend!

preliminary conversations with dislocations as to force

.from Marseilles

from Japan

from Europe

SAILINGS

PASSENGER/FREIGHT SERVICE

À MARSEILLAISE"

MARSEILLAISE”

..to Yokobama/Kobe

LIX ROUSSEL”

9th Nov. ..to Marselites via Manita 20th Nov. to Marseilles via Manila 10th Jan.

FREIGHT SERVICE

ANCON"

URAY

N. Africa & Europe N. Africa & Europe for

15th Nov.

PORT AD, TUNIS. MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA. HAYRE. DUNKIRK, ANTWERP & ROTTERDAM.

BIANCON"

Saigon'

money they invested to provide for their old age.

COMMODITY CONTROLS

More commodity controls

cume

15th Nov. HOUS

Sir

of

"Whether conditions will give

some

The danger of inflation is very the Colonial Office to arrange departure by the Governmental."--Associated Press.

and the mills from agreed upon

the loan.

The amount sought will distribution policies, only time

probably be about £4,500,000 will tell, Steel continued.

de-pressure may

be eased by the civilian demand cutbacks re fix-rulling from Government con-

of trols.

and the money will be used It also pointed out that supply HONGKONG

schemes

in

may be on the way as the re- suit of shortages in raw mate- for welfare and general 15th Dec,

rials which have arisen or be-velopment

accentuated

the Colony. Terms will not be vince

ed until nearer the date Korean war began. Speaking in the House of Commons dur-issue. ing the debate on the Address, Mr Hugh Gaitskell, the new Chancellor of the Exchequer, sold, "If shortages develop we controls may have to impose

first to ensure that things come frst-defence, exports and es- sentials for the Home market." The case of rubber is an obvious

raw instance. This

CIE DES MESSAGERIES MARITIMES Queen's Building

Tel. 26651 (Three Lines)

BENLINE

SHIP

AND

་ ་

FROM THE SÉÐ 1

ARRIVALS

FROM

ENMACRIUT” ‚U.K. vla Singapore.

DUE

But at

rubber for a

the

tree to

be

U.S. Measure To

Aid Importers

Washington, Nov. 5.

The magazine said guesses rauge from five to eight dollars per ton on the amount steel prices will rise once the pro- ducers conclude wage negotia- tions with the United Steel.

Workers Union, Associated

Press.

Rubber Futures In Singapore

Singapore, Nov. 4. Prices in the rubber futures market here closed today is

blows:

November Number 1 rubber,

No. 1 rubber, per 11.

cembar

Kumber

of

Number

1. Tubb January (1951)

2

201 -202

100-191

.....

174-170

material is vital In the pro

The Customs Bureau today duction of defence equipment announced a new procedure to end goods for export and the crable foreign traders to make Home market.

certain in advance what their moment, despite the huge out-tariff costs will be-on shipments put in American synthetle, the to the US. demand exereds by far the On request, the Bureau said,

of the supply. The production of commodity cannot be increased the Customs Commissioner will at will. It takes at least seven make a form ruling on the tariff classification of the merchandise years reach maturity. The only al- and the rate of duty to be ap

plied. ternative would seem to

Such rulings, it added, will some form of allocation con-

eliminate the possibility.

November trol but this would be difficult different tarif treatment of the

Number to bring about.

November

4 field Number Tin, which has also increased came merchandise at different

November enormously in price this week, ports of entry or of a

determination being officer's

Spot rubber, unda Is a parallel instance.

notice. As No. 1 pale crepe United Press. procett in the same areas of overruled by higher customs Black crepe SAILINGS · Loading on or abt.South-east Asia and is there- officials without

sociated Prese, ' threat same fore under the from Communism which 21st Jan been the factor in expanding the demand for both commodi- ties. *Defence requirements, superimposed on abnormally

In Port

11th

Nov.

on or abt. 28th

14th

Nov.

Dec.

1st Jan

12th Jan.

17th

Jan.

26th

Jan.

2011:

Jan.

ENALDER"

do

ENAVON"

do

ENVE

do

ENLA

do

ENM

do

do

[RIN "CRUACIJAN"

- do

~ đo

ENATTOW".

ENVENUE" ENALI

London, Antwerp, Itotterdam & Ham- burg. London, Antwerp, Rotterdam,

Hamburg & Holl.

London Rotterdam

15th Nov. 17th

Antwerp.

& Hull.

15th

Liverpool, Glasgow. Dublin, Hatre

+

Rotterdam.

Havre, Liverpool,

ENAD

ENMAUDHUI"

ENRINNES

ENAVON

ENLAWERS”

Antwerp, Rotterdam

& Hamburg.

ENCRUACHAN"

Liverpool. Glasgow, Dublin, Rotterdam & Antwerp.

Accepts Cargo for Genoa.

It

is

has

Dec. high commercial demand, have

done the rest.

The success of the Imperial

Jan. Tobacco issue

of £20,000,000

of four percent. unsected loan stock 1060-70 at .99, which

the premium of opened at K/Wharf three, and the increase in bank deposits to a record-high level

30th

10014-20035 1084-1995

195 -190

-175 205 -200

Starts

Honduras Palm Oil Output

Washington.

Commercial production of African palm oil has started in Honduras, with the prospect that the new industry soon will spread widely in Central Ameri with can republics, according to the United States Do

seeras to indicate that Govern- Jon, ment have come into the mar- ket at a propitious time

their offer of £250,000,000

stockpartment of Agriculture.

30th Nov. three percent, funding

3rd

cont

5th Jan. 1966-68. Holders of the out- Introduction of the African western hemisphere, and the development of now Feb. siending 2209,000,000 2

War. Bonds oil palm into the Western Hemi- gradual

outlets - Central National

sphere is considered a significant export 1040-51, are receiving notice development in the international America." of redemption on February 1migration of Argos",

V Bingapore, Colombo, Port Badan, Adon & Suck.

plants.

BENLIES OF TESTS

SHARE

MARKET

Business was transacted this morning on the Stock Exchange at slightly lower rates than prevalling last week. The turn- over during the morning searlon was $353,520.

Transactions and noon prices were as follows:--

SHARES DUYERS HELLENS SALES BANKS

UK Bank

INSURANCES

Canton Union Underwriters SHIPPING

Asia Nay.

ETC

.. 1330 1300

1370

20 0 1379

K. Whart N. PL. Whart

Dock Provident

Wheelock

LAND, ETC. HK Hotel UTILITIES

'nin

Star Ferry

1

10 1300

10 1350

95 @

1.00 5000

CK

LIAS

2000 @ 72

4000 0 723

$300 @ 7235

400072

8 € 2 88888

100 @ 0

15

73 8.10 500 3 IS 131⁄2 300

....C. Light (0) 13.20 1875 1000

Light (N)

23 100

Cargo accepted on through Bills' of Lading for MADRAS & PONDICHERRY via Slngagore and for KŪDAT, JEBBELTON) LAGUAN, TAWAU, LÄHADDATU & SEMPORNA via Sanda kan..

*ma.

AUSTRALIA CHINA LINE LTD.

SAILINGS TO

“KAFIRISTAN”

*Orlabane, Sydney, Melbourn's & Adelaide

End Nov.

s... "EASTERN GLORY"

Sydney, Hobart (7) &: Melbourne

26th Novi

sia. "EASTERN. GLORY":

ARRIVALS. FROM

Australian Porte via Japan

24th Nov

*Cargo accepted on through Bills of Lading to Tasmania, Now Zealand and Pacific Island Porte.

GLEN LINE LTD.

SCHEDULED, SAILINGS TO UK. AND CONTINENT

m.v. "DENBIGHSHIRE"

Loading at buoy A6 salla 6th November, for Straits, Aden, Buez, Port Bald, Odeablanca, London, Antwerp, Rotterdam, Hamburg. Due London 15th December. m.v. "GLENORCHY”

Loads 16th November, salla 20th November, for Otralts, Colombo, Aden, Buez, Port Sald, Alexandria, Genoa, London, Antwerp, Rotterdam/Amsterdam, Hamburg. J. Due London fet January.

(Carriors option to proceed via other porte to load/discharge cargo)

SCHEDULED ARRIV ALS FROM LONDON

Leave London

duo H.K..

m.v. "ALENARTNEY"

Salled

7th Nov,

m.v. "BRECONSHIRE" m.v. "GLENEARN" m.v. "GLENGARRY!!

m.v., "FLINTSHIRE"

Balled

28th Nov.

INTERMEDIATE SERVICE

4th Nov. 21st Nov.

Salted

ath Dec,

26th Dec.

8th Dec.

PRINCE LINE LTD.

ARRIVALS FROM U.S. ATLANTIC & PACIFIC FORTS

m.v. "JAVANESE PRINCE" m.v. "BRITISH PRINCE"

Salle N.Y,

In Balfed

Salle S.F.

Due H.K.

Port

Buoy A2

12th Dag.

16th Nov.

14th Nov. 3rd Dec.

m.v. "EASTERN PRINCE"

EAST COAST, CANADA & U.S.A," via “SUEZ.

m.v. "JAVANESE PRINCE!

30th Dec.

Load 6th November, for Saigon, Kohslchang, Singapore Straite, Colombo. Halifax, Boston and New York. m.v. "BRITISH. PRINCE"

Loads 12th Deo, for Japan, Philippinee, Java, Binga- pore, Straite, Colombo, Halifax, Boston and New York. Veszel may call at Saigon and Slam.

Bermuda

Cargo for at John (N. B.) Montreal and With transhipment-at. Halifax or New York. All the above subject to alteration without notice. All Intending Passengers should reglator thoir of the time namon so far as possible in advance at which they wish to leave.

PACIFIC TRANSPORT LINES

ARRIVALS FROM SAN FRANCISCO

0.8. ""HONGKONG TRANSPORT".

PACIFIC TRANSPORT": "PHILIPPINE TRANSPORT"

LK "AMERICA TRANSPORT"

Balle 8.F.

Balled 11th Nov. 9th Doc.

16th Nov.

Due H.K. 20th Nov.

8th Dec.

6th Jan.

25th Doc.

TO. TAKUBAR, NAGOYA, SHIMIDZU, YOKOHAMA

-Balls 8.F. Duo H.K.

.. “HONGKONG TRANSPORT".... 20th Nov, 18th Deo.

TO TAKUBAR, KOBE, NAGOYA,

SHIMLOZU, YOKOHAMA, HONOLULU 'SU.3.A.

INDUSTRIALS

Centre STORES, ETC.

Dairy

Watson

15%

(010) 1315 1e1%

& U.S.A. Baliu, H.K. "PACIFIC TRANSPORT" palsy eth Deo.

COTTONS

Eyo

5.00

Exchange Rates

V. R LOXLEY & CO. (CHINA) LTD.ext with the offer of conver- Latin America-lost-its Historical Douglas M. Crawford; agrieti-"]: Ndifiées" wh "dons in the local

ork Buliding.

Agents

Telephone: 84106.

CANADIAN PACIFIC

TO NORTH AMERICA

THE SHORT NORTHERN

HE ROUTE

EVERY THURSDAY

From HONGKONG viaTOKYO. VANCOUVER

Empres

Presurized, Roomy

Comfort Inquire" Chairs

Speediest Route Perfect Cuisine Bilingual

Stewarde

Canadian Pacific

EXPERTS' OPINION"

bo

uncial exchange market morning at the following rates: US dollars (per $13

Siar ticals (per 100) Indonesie ruilders (per/100) Bingapore (Streita) FIC pasiges (per 100)

Sterling gote) (pera)

this

10.10

5.80

10.70

1.761

13.03

sion at par into new stock. The primacy in rubber and quinine amount of the now three per- to the Far East plantation cultural attache at. Guatemala City cent. funding stocle to be ture. Now he Latin American and reporter to the department Issued in conversion will countries are applying selence to for all Central American coun- in addition to the £250,000, cultivation of crops formerly ex tries except El Salvador, sub- 000 issued in cash

clusive to the old world, is mitted a complete report on the new Central American industry. abaen and the African palm,

Experimentation with African Oils produced from palms ac- M Market. experta believe

that about three-quarter of count for one-fifth of the world oil palms in Honduras began

bonds are held production and more than one- with introductions mada in 1920 NOTICE TO CONSIGNEES 216 percent

of, the world trade in and 1927. Planting material was by Government departments

con-vegetable oils, The major oils obtained from West wlia will presumably

then wholly or in pars, obtained from palms are coco Java, Sumantra and Malaya and testcž over a period of This will make the amount nut palm, palm-kernel

adoptability years for of bonds presented ferro babasa-kernel. payment comparatively, saint. In pre-war years, the United fruiting characteristics, Com- It is believed that if the Stains obtained large quantities mercial plantings were made on formerly “producing of the new offer is not of palm all from the Netherlands lands

will East India (now Indonesia), bananas, the latter crop having

takes

be

and

Was

Africa,

KEYSKA”

and Having arrived" Hongkong con

signess of cargo the hereby notiled

|

that all goods have been laridad and plaogi, at their rick and Ex- mes milo them godowne, of the Hongkong and Kowloon Whart An

by10cnicht do- | said Paul E. Quintus, bend of | been ruined economically by the Godown - Co... · Kad, where, deifvery

Commercial

Say the obtained as soon as the ! goods are landed.

of

No claims will be admitted aftér, the gpode havu: luth 129 godowns, or failure to attend, the survey. Anbroken, chatwa 'and, damaged

Goddard

partments, and released to the the fats and oils airiajoninier Panama Aileense:

production lster when it is hoped national, commodities • branch, they will be at a premium, mice of foreign gericultural palm all began in Hraduras in Jund 1930 at a processing [dow The Increase in Britain's relations

·reserves which and dollar

1020medial to tastertory constructed at Ban Alejo skip to let in the sodowa sold and ΒΟΣΤΟ optimistic observOIE plated termplate Indiatrics, by the Tela railroad Company, where we wild, by examined in

of the United the presence of Moment thought was the forerunner to palm oil has not yet given why a subsidiary the revaluation of Sterling, oratory tube, Con Fruit Company, Trees on 1,200

Fot

acres of land are now bearing might have a much less plea-

apalnu cil Industry In Central and another 1,000 acres tract sant consequence cutting down enty, the development

Seven: discontinuing

America is of special interest will be ready for processing in to the United SMOKE, hold be. Furtis embreach, an Indus Costa Rica algary has one moed het weeted & Xhe Talks Sro

By eventually should enable the factor and a second will be: tween officials of the British

aplebed. Government and the American people of three countries, to prabice additiomi wealth, that Co-operation ministration, which, i

con Marstall Ald, to this

Through bills of lading filed:39 any Port In North America & to South Amprioen. Ports.

Duo &.F.

3rd Däne

JARDINE, MATHESON & CO. LTD. 18 Pedder Street:

WATERMAN

STRAMQUIP

Tel: 80811

CORPORATION

MOBILE, ALA U.S.A.

WATERMAN LINE EXPRESS

FREIGHT SERVICE":

FROM US, ATLANTIC COAST VIA JAPAN

“ANDREW JAUKSON"

"ALAWAI"

Dup sheni

DIRECT FOR.

12th Nov. 1959

27th Nov, 1950.

· NEW YORK, BALTIMORE & PHILADELPHIA

VIA JAPAN & HONOLULU.

· 2.2. "ALAWAI"

eth Nov. 1359 And Douglas on the 9/11/1939 af-1986. "ANDREW JACKSON" | Shija stout... 13th Nov. 1950 to corenky with the Guerst Dunded

ALSO ACCEPTING TRANSHIPMENT CARGO FOR Warehouse Repulations, consimov

BAR GULF PORTS mast have varie morradt tendanos, when: examining damaged duttabile,

Underilmed within lösarena pe

nut be repenaleed Niger

WALLEM & CO., LTD.

Hongkong #

od indiater w