1951-06-07 — Page 9

L

Page

R.I.L.

ROYAL INTEROCEAN · · LINES

Date

In Port

In Port

In Port 14th June 3th July 10th July

6th June Ich Juno 22nd June 25th June

10 July 14th July

מון!

Ship

"TJIMENTENG" "RUTS"

ARRIVALS

*TJITJALENGKA” "TJJWANGI". BTJEJALENGKA”

"OUTH"

From

8. America, N. Atrita & Singapore, 6. America, 9. Afzien, Singapore &

Halcon.

Macassar, Java Ports.

Macassar, Jaya Ports & Ringapore. Marastar, Java Porta Ningapore Japan.

SAILINGS.

"TJITJALENGKA"

"TJIMENTENO"

OTSIWANGI"

JOLEVAT

“TJITJALENGKA“

"AUVS"

To

Singapore, Javą. Porta & Macassar. Japan via Manila, Singapore, Java Ports & Macassar.

Singapore, Java Ports Macassar Atanlin, Singapore, 6. Africa.

America.

Agents: HOLLAND EAST ASIA LINE

ARRIVALS

Date

Blup

"ABENDSKENK"

Japan.

**KIELBRECHT" "KIELDRECHT“

12th Jun

June Early July

13th June

17th June. Early July

"AREND KERK"

"KIELDRECHT" "KIELDRECHT"

From

Europe & Singapore. Japan.

SAILINGS

Το

Manila, Singapore & Europe. Zapan vis pinta. Maalla, Singapore & Europe,

ZKINGS BORDINQETELEPHONE SEZORREIOS

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via

SAN FRANCISCO, LOS ANGELES AND PANAMA,

M.S. "CORONA"

NEXT SAILINGS

M.S. "ANNA MAERSK"

M.S. "LEISE MAERSK”

ARRIVALS FROM U.S.A.

M.S.

"GRETE MAERSK”

M.S.

"OLGA MAERSI”

M.S. "LAURA MAERSK”

THE CHINA MAIL, THURSDAY, JUNE 7, 1951.

Nationalisation In Insurance:

Subject

ntricate

Of Subrogation

London.

Recently the various committees of the International Marine In- surance Union have met in Copenhagen to prepare the agenda for the St. Moritz conference, which is to be held in September.

abandoned as a constructive total Joss is entitled to the benefit of the right of the assured to suc the wrongdoar for the damage to bull. But he derlyca his right from tire provisions of section 70, whoroby ho la subrogated to fati rights

and remedies of the assured in and in respect of the subiget matter) very different, words from all proprietary rights Incidental therőle. And is to be noted that in respect of abandonment the rights exist on whereas in valid abarklonment.

reapea; et subrogation they only arise on payment and that subrogation will only give the insurers rights up to 201 in the

A new committee entitled "Freedom of Insurance Committes" has been appointed with a view to combating restrictive nationalistic practices by which certain nations seek to obtain a monopoly of business for their own markets.

*

A VIVID ILLUN This is conveniem point at which to deter my review of Mr Hogg's address, which i

I hope to The appointment of this committee coincides most happily with n conclude in nex Wednesday's

of comment, report of the proceedings at a session at Now York of the Transport and role. y way of

would like to refer do the. Biblic Communications Commission of the United Nations, in which discriminot- " | but vndoubtedly valid argument ing practices in marine insurance wore the subject of a resolution.

This report is all the more their impact on international | might have recovered the whiple important in that it reveals trade.

conicorn that

over the rostrictive practices of cer- tain nations is spreading from marine Insurance cir- cles, to which it was pre- viously confined, to the com- mercial world at large, writes D. King-Page in the Journal of Commerce.

מרוט1

June 18 June 30

July 16

A

a

June 28

July 19

Aug. 9

For Freights and Further Particulars please apply to:-

of

commending the purchase

a

but

FULL INDEMNITY

house

(1883) and did not

which was

instin After the date G. the contract, but before the

This

war...in

The

owners

for damagos

0

New Dyeing Process

1.

MESSAGERIES.

MARITIMES

MOM

**BARTIA" ""EPINAL"

ARRIVALS

from Haiphong from Europe

SAILINGS

PASSENGER/FREIGHT SERVICE'

"FELIX ROUSSEL" "LA MAKBEILLAISE" "LA MARSEILĻAIRE"

"BASTIA" "AUBAY" "QUISTREHĄM"

to Marseilles

to Japan

to. Markoilles

FREIGHT SERVICE

11th June

7th July

23rd June

11th Aug... 2204 Aur.

‚N. Africa & Europe 13th June «N. Africa & Europe 13th July .N. Africa & Europe 12th Aug

for

PORT SAID, TUNIS, MARSEILLES, ALGIERS. ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM,

CIE DES MESSAGERIES. MARITIMES Queen's Building

Tel. 26651 (Three Lines)

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CARTHAGE"

BAILS:

NOTICE TO PASSENGERS

BAGGAGE:

FRIDAY the 8th June at 12.00 Noon for the UNITED KINGDOM. via Straits, Colombo, Bombay, Aden and Port Said.

ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at No. 2 GATE, CAN- TON ROAD ENTRANCE by NOON on THURSDAY the 7th JUNE.

SPECIAL NOTE:, With the exception of hand packages carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading on board by ship's slings only.

in the Cilencarn ease which, in my opinion, illustrates most vividly the difference between of 20,000 it paid. These ex- the rights of underwriters under abandonment and storegation. GOOD NEWS

pressions had been the subject Under abandonnent the under- This is good news, There is of much criticism, and might be ample

material avaliable for contrary to the principle that writers obtained property in the the further study which the subrogation is to give an in- and were able to beneft by tho difference between the resolution urges and, in this demnity only as expressed in amount they paid for total loss Preston. That and the amount for which the connection, the now Freedom of Castollain Insurance Committee of the might result from failure to dis-vassel WAS eventually solck International Marine Insurance tinguish between abandonment Under subrogation, which PENINSULAR- Union would probably be of and subrogation.

Mr Hogg quoted Mr Justice operated in the case of the claim great assistance, since it would

agast. Germany, have necess to the mass of de-Scrution at length on the dif- the right remained with the because, it would restrictive practices ference between the North of shipowner on According to "World Trade," tail the free

which

Insurance England and the Thames and seam, that right existed prior to the organ of the International Chamber Commerce, Mrmarkets of the world have at Mersey cases, from which, with and apart from abandonment, AL Jolu T. Byrne

regard to the latter the follow-was a right in respect of a their disposal. representing the chamber, said that restrictive It must be remembered that ing passage relating to the Hel- wrongful act which gave rise to right practices requiring the purchase with restrictive insurance laws,

Argenting is not the only nation vetin appears to be the essence: abandonment and not

"It appears to me to make arising cut abandonment. of insurance In a particular

under Armstrong's

Аё fon Lord Justice Atkin's market deprived the merchant and the fact that at the Trans- difference of the right to select terms of

port and

Communications ense that instead of resolving remark that under subrogation conference Commission's

the the whole collision loss of £66, underwriters are only entitled 23 sale mas! suited to his pani- cular requirements. Moreover, French delegate was associated, the shipowner receives half, 20s in the £ on what they have

£$2,500, or

5/12ths,

He has paid, I regard this as most the merchant might not be able with other nations in urging a to sell the goods while in transit detalles survey suggests that in received a sum in respect of the illuminating. It seams to express to a national of a country re France, where restrictive laws subject matter insured, less than in a nutshell a principle of law quiring Insurance to be placed operate, the shipping and com- the under vriters' payment, and on whion there has been much locally. Credit might be un-mercial Interests are becoming is not allowed to say that it ia argument, and to express it most available because

1.ased on a value of the subject convincingly. banks re- restive, quire insurance in a satisfactory

instter different from that of to afford desirable Continuing my review of Mirthe palley. He will have to security. The merchant might | Frank Jlogg's address to the hand over not 5/12ths of the in- for his own protection wish to annual meeting of the Associu-sured value, but the sun he has buy additional

received in respect of the sub- contingency tian of Average Arljusters, wo insurance, the cost of

which come

to what Mr Hogg called fect matter insured, being less would ultimately be borne by the most unportunt of all cases

than the insured value which the consumer.

dealing with the rights of in- the underwriter had paid."

Mr Hogg, case, said CURRENCY NESTRICTIONS surers under subrogation, prior

Confusion and deley beset the to the Marine Insurance Act of went to appeal, and the judg

New York, June 6, merchant, not to mention the 1906, 11 is the ease of Castellainment was uphold on the point fear of incurring heavy portal. Preston

under discussion.

Nearly 30 million yards of 1ics for failure to comply with cencern a marine but a fire in- SEIZURE BY ENEMY [dyed cloth, the colouring o! focni restrictions Currency :surance contrael. A vendor con-

Another Case cited by Mr which has been "fixed" with hot roach. strictions, said Mr Byrne, were tracte

with a purchaser for stegg was that of Glen Line v. oil instead of water, have dimet

They the se, at a specified sum, to ascertain.

Attorney-General (1930) The ed the market in less than four seldom existed. In the form of

by the months, after developments of Glencarn was seized Written Inw of TCRA,

Germans at the outbreak of the new process, General Dye- consisted of a suggestion against fire.

sturts Corporation announced. 1914.

J. Robert Bonnas, - technical from the exchange official, re- duto ixed for completion, the abandoned, and were paid by

director for the company, sald house was damaged by fire and the insurers the insured value that 12 mills, including five of EMBARKATION: local insurance. The merchant | 40

of £81,000. At the end of the the country's largest cloth pro- the vendor received the in- knew well that the granting of

vessel was returned, his import or export licence sunce money. The purchase war the

He was

and was sold by the undercessors, have converted to the contingent upon compliance

original

duly completed for theters for £103,000. Under the new hot oil bath process. for

price, without any W with such Buggestions,

The International Chamber abatement on account of the Treaty of Versalles, the Ger- continuous dyeing of cotton and

rayun textiles. fire damage. It was held that mans had to pay compensa-

Because mineral oil can be of Commerce, said Mr Byrne,

insurance

and the claim tion of the belloved that the principle

company AVAS 10

heated to a This could

higher temperaturu free trade was not inconsistent entitled to recover the amount mitted.

which they had

the under two heads, (a) the value than water, continuous vat dye- pald

ing with the development of

can be cut to two-thirds the Found

of the owners' asset the ship; usual time, General Dyestuffa Individual markets. Restrictive vendor.

Mr Hogg quoted Lord Justice and (b) profits which they ex-said. It added that cloth may bo practices only resulted in the development of artificially pro Brett's appeal judgment to the pected to make by the use of syed at a rate of over 100 yunt: Looted markot which WOTY-un-effect-that the very foundation the ship.

il minute, compared with about. No claim could be made and of every rule which had been der (4), as the ship had been method. Savings in use of dy

un 75 yards under the water to render efcient

service 10

world ramulinted and neted un by

Under stuffs of up to 10 per cent can trade, and this restricted world, the courts, with regard to in- returned to the owners.

(b) a recovery was made

of also Individual marurance law, was that the co- £140,000.

be gained. Associated rade itself. kets should be permitted to tract of Insurance in a marino

Press, Although underwriters develop with perfect

For freedom, fre policy was

contract of

cont. being the British which would be assured to them indemnity, and of indemnity por if their importers and exporters only, and that this meant that Government) claimed this sum, the assured, in case of a loss it Avns held that the right to were free to negotiate undor

arose for all at usual terms and conditions. against which the polley had compensation

time the steamer: WHE The weight of the opinion of been made, should

be fully

and that the sum re- the representative of the LC.C. indemnified.

but never more seized, so ably expressed, gains from than fully Indemniflex. Any ceived as compensation must be the fact that Mr Byrne is the proposition brought forward at treated as belonging to

and not to the president of the Association of variance with that rute must shipowner Marine Underwriters of the

being underwriters, certainly be wrong.

damages

London, June 6. Prices of rubber futures closed United States.

Later, the learned judge said for the loss of future profits.

Mr Hogg quoted Lord Justice here today na follows: that he had mentioned the doct- VIEWS OF DELEGATES During

the Atkin in this ense to the effect Nunbor 1 mbber, in cents the discussion, the the of

of abandonment for

on a vaild abandonment July

per lb. Norwegian delegate said that purpose of coming to the doct-hat Feeding-stuffs-Supplies

That doct-e insurer becomes entitled to July/September Scandinavian

rine of shippers

of subrogation, were imported feeding-stuffs are dear, restricted by the provisions of rine did not urise upon any of proprietary rights incidental to October/December scarce and precafious. No Gov-

subject matter insured as January/March the Argentine law stipulating the terms of the contract of the armment can, guaranted, being

that a great amount of Insurance

was only another from the time of less. He is put able to obtain all the, supply

had been in the same position as if the insured was needed and the change in the

The adopted for the purpose of subject matter to Argentine insurers. International situation is Д British representative referred carrying out the fundamental nasigned to him by way of salo The Minister was explaining warning to make doubly sure of

erting rule which he had mentioned, Immediately after the event to the difficulty of diverting and it was a doctrino in favour which constitutes to total loss. Nunber 1 rubber, por 1b. agricultural price producing the maximum quanti-goods to other porty

en route. review, a subject dealt with inty at home.

Juno

2003-181 of the underwriters or insurers 110 has no rights till the lost, The United States' delete,

July

146′′-14434 While Paper. He announcert

those of

of India, from recovering more than aj and he takes over whatever

August

14014141 the changes in guaranteed prices

supported by Eggs-Although there was no

been may remain of the subject Number a rubber, June 144 415 Pakistan and France, ut fu fudemnity; it had on March 20.

over-supply this spring, largely commission to

detailed adopted solely for that reason. matter insured. On the abandon Number 3 rubber. June 1984-199 of the weather, the survey of the subject owing to COLIJSION CASE"

ment of the ship he is entitled Number rubber, June 1836-1416

Spot rubber, unhaled ... 155-1653 The White Paper shows that cause

output has about

the fact that such practices

to the property in the ship, and ask crops ** 115 -111 since February, 1950, farmorsual

Next, Mr Hogg discussed the if it is used after he hpa No. 1 pale crepe

200-170 production costs have increased reached the 1952-53 target.

might result from the desire of

case of Thames and Mersey acquired the property he is by £90 million and the re-

some countries to strengthen

British Chillan 85. Co., Ltd. enlilled to the profits of use. The White Paper states that

their shipping and insurance

the decision in which was Therefore, if the ship sult of the annual price review. the Government decided that services or from lack of forels similar to that of North of Eng- abandoned proceeds to

In 1951-2 food subsidies should

exchange.

land

UNION OFFICES V. Armstrong Not surprisingly, the repro- | fung

Under- Holvetla freight

02 the voyage for

respost which she was sentatives of Byelo-Russla and writers insured the

abandoned,

CLOSED U.S.S.R. maintained that the £45,000, so valued.

She was the insurer, as the owner of the question fell within the exclu- lost by collision with the vessel, becomes entitled to

Brussels, Jung sive

competence of national Dress

press of Britain, and both vos-

The Belgian Government has governments and that the re- sels wore held to blame, the freight which has only become

payable on Lho Topothesis closed the Brussels ofice of the solution

along the lines au- latter 6/13th. The value of the of his veral complating the Miners' Department of the Cam- considered Helvetia was usacased at £65 voyage and delivering the cars nundit-dominated World Federa gested might be conside faire G00, and the amount of £20,000, of the port of Card

ition of Trade Unions (WFU boing 0/12ths of £05,000, 1059

HIGHT TO SUE and elected its secretary a cíti. was recovered from the The as-

AGENTS:

JEBSEN & CO.

Pedder Building

Tel. Nos, 26661-3.

British Farmers'

Costs

Increased

London.

Mr Williams, Minister of Agriculture, said at

a London conference that he hoped it would not

be necessary to revert to milk rationing during the difficult period towards the autumn.

That hope was founded on reasonable summer and autumn weather.

Because

continued badi of weather milk production might prove to be 70 million gallons below the estimate of 2.100 million for the 1950-51 year anding on May 31.

tho

recent

coupment granted them as a re-

was £43% million.

Mr

"NOT INADEQUATE" "

of

remain at the level of £410 million. The higher cost of Imported food and the highor Williams said there had prices pald to farmer would been some criticism of the new therefore have to be paid by price for milk. It was not the consumer. inadequate If account was taken

und

of the production bonus, quality Dealing with the possibility premiums,

higher prices that higher retail prices would lead to a drop in consumption

for fat cows,

He was questioned about a nangraph in the White Paper

of somc food-stuffs, it says

that for imported food this which referred to the possibility could be dealt

duction of imports. But for

prices.

with by 6.50-

form

able to

for foreign trade be restricted

a

"The resolutHQ, HAF

that

it

effects of Britain.

by sily. It is to the possible, adopt non-discrimination in transport 6/12/hs of £45,000, and that Insuranco, and endorses the they themselves were entitled LCC view that measures re- 5/12ths of

(Insured

na

the

an

was sub-

be made

(BO

the

40

earn

the

A11

The Rubber

Markets

4455-49|4 4545-45 434-15

3512-15

United Press. SINGAPORE MARKET

Singapore, Jura 0. Prices of rubber future, closod here today as follows:-

United Press,

· But a right to suo O Wrongkiner | 700, of Luxement as the 1

Meine, was opgoged In subver- as for sured contended that the under- for a wrongful act which causes *overnment show of writers were any entitled" to 14 9055; which gwcw rise to that higher retail prices wouldUMN

appears to ho siva political, peilyllion which abandonment lead to a fall in consumption of home-produced food it could

toomething quite different from thronioned the country's securi

the come foodstuffs, He described only be dealt with by lowering

proprietary rights incidental) ly. The Belgian pellon follows a production costs and a corres-

to the ship which pain on other Internatione heed

alimlar movo in Prineg where this as an etheriation to the

quiring the insurance of goods alt fort was donment. It ope

one, treats forming community to continuo ponding towering of

In international trade to bo sessed by the court

insurer by analogy as a purchase martors were ordored closed. to him at maximum efficiency."

Ho added:

It was held that the under after the marine port, had taken "If we ware to

placed in a particular market Union A National Farmers'

may interfere with the free writers were entitled to recover effect, it is plain that the sale by thera run into a situation whom

now of internationat rule, and the whole of the £30,000, as it fischt would not pass the righz 12 three-quarter spokesman said that it was pertinent to ask how the Gov-

growth of re was less than

£65,000 sue, which would remain in 1960 encourago million unemployed and millions

expected farmers to tallatory

The soliled by them. of others working short time cramant

** produce at lower prices when zoluilan.c

this quoted as length de vendor,

The foot 3 thát có cu tan

New York, June 8. unemployment guch as between most of the production

the United Scrutton in the court of first is often caused by not distinguish Bollers" offorod doorn at $190 the two, warhero would be were completely outside

2. far- Nations to conduce a further alanco to the effect that is the ing the legal riginalen by

short ton 0.1.7 iho limit to th The of opmers' effective control and were study, with a view to determin-case of North of England V abandonment (coction 63): at Pacific Coast, oft $3.50. Denters In large measure determined by ing the extent to which such | Armstrong some expresslona subengation (Roptions 19). Na ono: (ndidatet! poconut - bil-ut 10% Cathion prokaterna fetaris Mr price fixed by the Govern restrictions in transport In-suggested that, the underwriter doubts that the underwriter: dents a pound, T.Q.M. milis, of Williams's staternand were:

ment.

surance are being applied, and who hind only paid to *0,000 mal damaged by conliian and a cent United Press.

carts. Secresme nuorta

**

so

Copra Price Off

Will take place on FRIDAY the 8th JUNE between 9.30 a.m. and 11.00

a.m.

PATTISON ORIENT LINE

LIMITED

DIRECT SAILING TO PUSAN

Due:

Halling: 8.S. LAURE PATTISON" In Part June 9th.

DIRECT SAILING TO NEW ZEALAND

8.S. “VALLES" LOADING HONGKONG JUNE 17 FOR AUCKLAND & WELLINGTON.

12-14 Queen's Road C..

Tel: 25846,

Chinese Agents:

Oversea Chinese Steamship Co., Ltd. 48 Bobham Strand W. Total 25040, 26127 & 81119

STATES STEAMSHIP CO.

S.S. "COLORADO".

LOADING ABOUT 13th JUNE

FOR

VANCOUVER, SEATTLE & PORTLAND DIRECT

DODWELL CO., LTD.

Agents

Tel: 28021/6,