1951-06-12 — Page 9

MESSAGERIES

M

"BASTIA" "EPINAL"

ARRIVALS

.from Haiphong

from Kuraps SAILINGS

MARITIMES

M

PASSENGER/FREIGHT SERVICE

to Marselles

to Japan

to Marsellies

FREIGHT SERVICE

"FELIX ROUSSEL"

"LA MARSEILLAISE" "LA MARSEILLAISE”

"BASTIA"

"AURAY"

"GRENOBLE"

"OUISTREHAM"

13th June 15th July

...

24th June

11th Aug.

22nd Aug.

N. Africa & Europe 14th June N. Africa & Europe 17th July N. Africa & Europe 26th July .N. Africa & Europe 12th Aug for

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

CIE DES MESSAGERIES MARITIMES Queen's Buikling

Tel. 26651 (Three Lines)

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vis SAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "CORONA”

M.S. "ANNA MAERSK"

M.S. "LEISE MAERSK"

M.S. "GRETE MAERSK”

M.S. "OLGA MAERSK” M.S. "LAURA MAERSK"

ARRIVALS FROM U.S.A.

June 18 June 30 July 16

June 28 July 19 Aug. 9

For Freights and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Tel. Nos. 26661-3.

Two-Class Air Travel Proposed For Atlantic

London.

Inauguration of two-class travel-first and tourist-in trans-Atlantic air services, is being considered in the United States.

This dual-fare arrangement which, according to the "New York Times," is looked upon favourably by the Civil Aeronautics Board, would include year. round tourist service, and probably would be tried on an experimental basis.

The change first would have! Aviation Organisation. All rate of the association to be approved by the Inter- | agreements

inte by American-fing Asso-entered national Air Transport

airlines are subject to approval viation,

Information that the board of the board;

aluse In setting down its policy for would

approve such

guidance of American air- structure if the members of the association agreed came as the lines, the board said that its world air transport group open-alm was to build a rate structure ed a rale meeting in Bermuda. that would contribuie substan- The association includes 65 air- tially to the airline business. YEAR-ROUND SERVICE Hines from 45 countries.

To be a member

ment

the

The airline an

minimum

which the board recom- must be licensed by a govern- vies ear-round tourist ser- eligible for membership mended should be started im- Civil mediately, possibly this sum International

have a would mer, one-way round-trip rato tween New York and London, Tourist fares to other European rities would be based on the

Meeting Of

Chambers

Lisbon, June 11.

THE CHINA MAIL, TUESDAY, JUNE 12, 1951,

Possible Imperial Preference

Source Of

Sulphur To Be Discussed By

[

FROM CRUDE OIL

London.

the

The acule shortage of

throughout sulphur world which is threatening to have such drastic effects on industry in Great Britain may be alleviated in future by greater use of processes for the extraction of sulphur from crude oil.

At present sulphur la part of which is the residual wasio

burned as fut in relneries.

was

the

Even in the nower refinery plants at present under construction not sulphur it but originally chung suation in world cup plies and demand may well give rise to second thoughts.

Most of the crude oil refined in Great Britain is of Mirithe East ugin, and oil from that source

has a relatively higher sulphur from other content than that main ofields.

173

As an indication of the posst- bilities opening up to the cil industry a sulphur content erade out of even a quarter 1 per cent would represent

potential nulput

i

Empire Delegates

ASSURANCE GIVEN BY PRESIDENT

OF THE BOARD OF TRADE

(FROM OUR OWN CORRESPONDENT)

London, June 11.

A hundred overseas delegates and others at the 17th Congress of the Federation of Chambers of Commerce of the British Empire applauded at a lunchtime gathering in London today an assurance by Sir Hartley Shawcross that so long as he was President of the Board of Trade he would do nothing to weaken the system of Imperial Preference,

But, judging from the comments of some of them afterwards, they still have their doubts about the British Government's attitude on this question, and varied aspects of it will be vigorously debated in the com- mittee sessions of the Congress throughout this week. Chambers of Commerce in different parts of the "the importance Empire have tabled for discussion

of avoiding any weakening of Imperial Preference."

The Canadian Chamber declares dive effectiveness of

of 50,000 tons of Imperial Preference for certain per year from British parts of the Commonwealth has

at present In

or due to coine

into operateen largely nulliflx by dis-1 handled/inatory quains and resile-|

shortly. Ref:ries

ions imposed by the Sterling about 14,000,000 tons in 1940, Bloc within the Commonwealth, The delegates are due to dis- and by next year, when several

variety of large projects slant making their cuss

ON BEARS RAMPAGE IN

contribution, the refining capa-ranging from Japanese competi-NY COTTON

fans.

Great Britain's export quota of sulphur for the second three months of 1951 was intimated on of April 25 from the Omec International Trade of the US. Commerce Department as 95,000 tons.

In

city is expected to be 20.000.000 ton, the Congo Basin

the effects of the Colombo Plon,

New York, June 11. to Empire shipping services.

A subject which has not been

Cotton market bears pressed put forward specifically

the attack today, sending prices for Con questions submittedl

of down for the third session in a Gress discussion Is that Colonial land tenure, One mem- row and into new lows before ber of the Congress, however, the close. Nearby July contract ver, technicnt covering began near ir F.S. Physick, a past Prestained the main target, April 16, a week before his dent of the acctated Molay deuing to 43-

States Chamber, calls

In the House of Conunong-un resignation from the Presidency If we were cer- of the Board of Trade, Mr Harold tain of a 100,000-on allocation we should be able to avoid some

Wilson said:

In a

attention

HONGKONG

SHARE MARKET

(From Our Correspondent)

. Business done on the Stock Exchange this morning WOB valued at $10,876, Noon prices and the morning's Transactions: SHARES BUYERS SELLERS SALES BANKS

IK Bank East Asia

INSURANCES

Conton XI Union XD

15. Whart

cents, the

ter published

188

points or $8.40 a bale under In the

the futures ceiling price. The London Times. Ho colls to this important matter today lowest level since April 6, and DOCKS, ETC. Colonial No 1 and says week-end news was considered

of tenure all bearish.

Jelter

o

proble

of the worst kisasters we feared." It concerns overnment "yith-

although he also added that the

still position would

be most serious.

The actual allocation for the quarter was therefore only 5,000 lons short of the figure which Mr Wilson auggested as a minimum

CANCE CLEAR

to

to moderate week-end Light and out which fresh capital for in- rains felt in the Eastern Central

bell restricted. vestment is severely

sections, while the Eastern Mr Physick goes on "In re bell needs several days of good long relleve the

the cent years Colonial governments rains

Nevertheless, on Instruc- drought. -acting no doubt tions received from London- current moisture relieved the have been urging upon

the

present concern and brightened peoples concerned their prero- the already favourable crop out- iative to claim self-government look. and to exercise it in double quick time.#

The signillence of the potent lalities of all refinery production of sulphur is therstore clear,

COLONIAL OFFICE

INTERFERENCE" Fifty thousand tons produced in Britain in a year would not only He alleges that despite such wipe out the quarterly defielt of

protestations there have been 5,000 tons in our export quota,

No official pronouncement on the subject has yet been made,

While present estimates ranged Around 20,000,000 10 28.500.000 acres, some optimists]

that with

favourable weather the area may even reach the 30,000,000 acre mark.

The market opened off 7 to

but a hopeful aspect of the posi- fresh problem now pacation Pezember

N. Pt. What Doct Provident...

1300

100

203 mey

74

4.40 XD

16 1955

LAND, ETC.

irk Hotel

31%

0.50

JK Land

S'ha Land

imphrey

UTILITIES

Tram...

Star Ferry

C.

Electric

Light (0) 0.95 0.10 Light B

StD

1000 5.75

Telephone

INDUSTRIALS

Cement

JE Hope... STORES, ETC.

143 Dairy

1. Crawford 2512 COTTONS

Ewo

Exchange

500 101%

R.I.L.

ROYAL INTEROCEAN · LINES

Dale

In Port In Port

14th June

15th June 5th July

16th July

141 June 15th June 22nd Josh 25th June 10th July July 15th

Date

17th June 15th June Karly July

13th Jone 18th June 'Early July

Ship

"TIMENTENG" "RUYS"

ARRIVALS

"VAN BRUTAZ" "THWANGE **TJITJALENGKA" "RUYA"

*IJIMENTENG" "VAN HEUTAZ” "IJIWANOV "RUYA"

From

B. America, 8. Africa & Bingapore, H. Amsten, S. Africa, Klogspore &

Hntron.

JAPAN

Manesar, Java. Porte & Blazapore. Macasant, Java Porte & HEBESPOTS Japan.

SAILINGS

#THTJALENGKA"

"BUYS"

To

Japan Vie Mantle,

Hingapore, Penang & Del. Deli. Bingapore, Sava Porta & Discusest. Japan.

Ringapore, Java Ports & Macassar Autim, Hingapore, S. Africa à 5.

Amarica.

Agents: HOLLAND EAST ASIA LINE

ARRIVALS

Ship

HARENDEKERK" "KIBLDRECHT“ **KIRELDRECHT“

. "ARENDSKERK" "KIBLARECUTS "KIELDRECHT"

Japan,

From

Europe & Singapore. Аграв,

BAILINGS

To

Alabila, Ringapore & Europe, Japan via Mania,

Stanila, Bingapora & Europe,

SERINGS BUILDINGSFILIBURONISSIM SMERIZA

PATTISON ORIENT LINE

LIMITED

DIRECT SAILING TO PUSAN

Due:

Salling:

S.S. "LAURE PATTISON" In Port June 12th

SAILING TO NEW ZEALAND

LOADING HONGKONG JUNE 22 FOR AUCKLAND & WELLINGTON.

Rates

S.8. "VALLES"

46.06

37.28-37.30 30.00 -37.09 30.91 30.01

market morning at the following rates:-

Business who done in the local uno:icial exchange

lo

Sterling note (per 21

10.77

VS. dollars per $ Indonesia guldfors iper 100).. Slam ticals (per 100)

6.28

3.80

27.00

Singapore (Straits)

13.15

12-14 Queen's Bond C.

Interference by the 21 points, It dipped [D but would contribute a further more dictatorial decisions and

maximum net losses of 24 to 30,000 tons towards alleviating more the seriousness of the position Colonial Office concerning local which Mr Wilson claimed would affairs than was over previously 77 points and closed off 14 to 34 points. Prices closed here um the cuse." ninimum after remain

This interference, in Mr Phy-today as follows:-- requirentents were met.

lek's view, has had disastrous Spot

ing October results, Going on to discuss the July

March (1982) tion is

is that, white additional itsolf he refers to

BU May be in-the-now-British Finance Buy- fineries will b Plant required, once it is installed (due for discussion in the Com- Deluber there does not secin any reason mong this week) under which the to think that sulphur extraction would appear that

bo noi Colonial citizen mar by this metod ean not remain an Leonomic proposition, even in permitted to purchinse or lense face of improved supplies else bad situated in his own country wheuz.

from any present owner who is not paying taxes in the UK, on the Qenber profits on the ground as such December

May to transfer would deprive the UK. March" (1862)

July

There would therefore be no question of costly capital equip meal being installed merely overcame a temporary shortage, the ending of which would make

of revenue.

35,43 nominal" | -FIC: - piastres (per....1200). 34.78 -United Presz.

NEW ORLEANS MARKET

July

Mr Physick concludes "No October the plant redundant and doubt under self-government uneconomical within a celatively the

Colony of a Inhabitants short period.

their

The fare of $225 and a

of $405

New York-London rates.

bc-

Tourist tariffs would be related

to the number of sexs availab on each of plane. the

Rubber

Markets

London, June 11.

Prices of rubber dutures closed

here today as follows:--

For

Number 1 rubber

in Ib.

DC-4 would be The International Chamber of example, Commerce opened its annual modifies to carry 60 passengers, Jalyn cents per 800 the Constellation and the DC-6 | July/September convention today with

October/December delegates from 20 nations here would have 05 spate and the

January/March

群

to discuss and exchange ideas Stratocruiser would have 100 on the operation at industry Inreats.

The board also specified that world plagued by unrest,

and the tourial service would be limited of material schreity

to 20 per cent of the number of armaments race.

of the seats available in regular-fare Tho 13th Congress

the cor- scheduled service in Chamber was declared open by sch Carlos Mantero, Chairman of the responding month of 1050, with Lisbon Commercial Association, a minimum of one round-trip the weekly to each participating will also address

how to reconcile association carrier. delegoles on

There would be no extra coc- and economic

Alons to a tourist-rate flight, no rearmament

meals would be served unless convention holl was a

charged for, and there would be

the

who

babel of tongues as the session a minimum of other services for

of

The

458/

4915-40 43-4314 -3717-96 312-7 United Prost SINGAPORE MARKET

Singapore, June 11. Prices of rubber fizures closed here today as follows Number 1 rubber, per 10,

June July August Number 2 rubber. June. Number 3 rubber, June Number & rubber, June Aspek crepe.....

rubber, untaled ..

No. 1 pale crepe

NEW YORK MARKET

New York, June 11.

102-153 14346-143 1401-141 141-145

140-141

134-135

154-155

114-118

182-172

United Press.

Crudo rubber spot No. ribbed smoked sheets 66 asked,

Associated Press

would

assert speedily right to buy fixed assets in their own country from

non-

residents; but is It wise 10

provoke them into demanding premature self-government by high-handed nction at this time?"

OIL SHARES LEAD RALLY

1

30 industrials

20 ralts

15 utilities

40 bonds

Closing rate Stine 11.

44.01 nominal

$3.50 17.15

38.60

30.38 bid $1.77 bid

-United Press..

Japanese

Bonds

London, June 11.

Japanese bond

"A" (4n, of 1009) "" (45. of 1010) "C" (58. of 1907) "D" (B. of 1834) "E" (5 of 1934).

United Press.

Subsidy Opposed By Shipbuilders

London.

Proposals by the Italian Government to pour further subsidy funds into the country's shipbuild- ing industry are meeting with a certain amount of resistance from the shipbuilders themselves, states a message from Genoa.

Chinese Agents:

Tel: 25840.

Oversea Chinese Steamship Co., Ltd.

48 Bonham Strand W. Tels: 25646, 20127 & 31119

Dunlop To Make Synthetic?

The

London, Juno 11.

NEW PRICE CONTROL IN BRITAIN?

London, June 11. chairman of Dunlop Britain's Labour Govern» Rubber hinted today that Dun- ment plans to re-institute lop will produce synthetle rub- ber.

country. The fund, but this now

50W,

cargo

this

wide price controls

soon.

The Government

to

been

Sir Clive Bailliu sald at the avert an avalanche of price annual meeting, "We have been increases for home and ex- concerned for some time with port goods, it was learned the Importance of securing today. adequate supplies of synthetic

Reliable Fources said that for the needs of this

control British

prices rubber legislation to Super would be introduced In Parlia- rubbo

of be assured industry must

ment of synthetle

hay adequate rubber at reasonable prices, I warned by cconomic experts дерд not say more at

that

unless drastic measures ore inken Boon the retall price level moment except to add that this

allowed in Britain might rise up to 12 problem is not being to lle dormant."

per

cent within the next year. Skyrocketing prices for ex- ported raw materials and com- modities are beginning to affect the prices of consumer goods at home and are threatening to advantages out export nuv reaped from davaluation of the Pound,

13

Ho added that Dunlop's search centre has been working on synthutics. United Fress.

Grain Prices

New York, June 11. The demand for oil shares carried stocks higher, and Stan- derd On of New Jersey led the list with a four-point "rise.

Industrials

rose to the highest

Not only do the builders dis- | Iner for the Italy-Egypt routo level dnce May 17, Rails made approve of the type of projects could also be built out of the appears "Utilities had small into which it is proposed to small galne.

because of "riting losses. Steels added fractions, sink the funds, but some of impossiblo

costs. General Motors slipped 5. them, claim that subsidies are

Dalian

shipbuilders to the while Chrysler gained.

zcol not the

answer

however, that the first need is The volume was moderate at industry's problems. 1,220,000 shares. Of

a fiect of fast, modern Isauca Reasonable, long-term credits,

vessels. Big passenger liners, traded, 502 wero higher, 318 they sta

troy state, are the real need.

they believe, are prestige ves- lower and 282 unchanged. At present, shipyards have to

sols rather than money-corners, Dow Jones averages at the pay 0 per cent interest on loans end of the soszion stood Ds and the

builders claim that and ate a luxury that Italy follows:

would be able to get back commot yet afford. they

They also oppose any form 231.59 on their feet if they could ob-

80.14 tain loans at 2 to 4 per cent of subsidy which would give the Government power to spend 42.50 Interest.

funds

St thinks 100.43

In March, 1040 the Italian such Government atsidised the The politically destrable, as much a -United Pres.

dustry to the extent of 34,000,-programme would prevent the of vessela most 000,000 Bin (about £18,000,000) construction

Chicago, June 11, to provide

Prices of grain Cutures closed two-thirds of the country's now ships are nooded at the

protivity,

here today as follows- shipbuilding ...Now York, June 11,

Wheat-price per pushel Boat subsidy was designed to bridge rate of 350,000 tons a year. They The price of domestic copper

Toronto, June 11..

the gap betweer dtalian and claim that they can provido this

tonnage position was that a surcharge of will not be advanced from, the

but unless they con

September Meat packers said today that world shipbuilding costs work at nearly peak capaclly December $30 for a single berth and $75 prosent basts of 244 conte

meet the higher the price of beef in Canada mated at about 30 per cent

they will be unable to show a March for a double berth should be pound to

ATLANTIO LINER

Cars- nssessed and a charge of $14 quotations in the foreign mor might climb as much as 34 per

profit and will be forced out of May That fund, in nearly exhaust business

Boot should be made for a sleeperotic,

orders under the Suly Trade sources reached that sent following the United States Largo numbers beat

from proposed rate structure

Beptember of United States buyers are ad, and it is now proposed to

4,000,000

programme, Italian sh10 December Prices closed at the end of the ( would moun'elimination of fare-" } decision following a conference img to the Toronto market/qxtend it by angthor":

000 asand-one-third and fare-and-one- last week with officials of the

Iira

yards have received no impor- March tenth and combination on and omice of Price Administration, to get Canadian beef.

packers oro being which fares" The claiming that copper Industry Some off season round-trip Businem done **** 1000-1,000. 50-day round-trip fars and the carnings were well above 5 offered from 10 to 35 per cent the construction of a 25,000 3

student fare proposals would be per cent of the 1940-1949 more than the regular, Canadien fon passenger liner for the gramme is offered them, ship

the catchers it was hoped that may conuimus, its decline into Conellerod "superfluous" by the base period, and that there is orious by theerleans eager to Atlantic rede and 18 hole Builders fear that their industry pu

no fustification for an increase chip Canadian beet across.

nother 10,000-tun passenger complete decay, board under the now arranger

United Press.

border:-United Fress. ment.

ореле

the delegates

is also understood attended a bullfight today. The to hayo

al-year approved ring was colourfully decorated regular fanes of $305 one way with the fings of all nations an $711 round-trip between halding membership in the Con- New York and London, with gress-United Press,

rates to other European cities based on those. The proposed fares would be about $20 higher than pre

LONDON

TIN

SLUMPS

London, June 11. The fin market slumped rather severely at the morning session. Turnover was 150 tons, including 10 tone for` cash.

official follow- 'Boot ́tin, buvars

Epat Three months tin, buyers Three-months'in, wederw

morning

businem dono at a

Bettlement

session

4013

1000

BERTI As for

BURCHARGE

berth, the

board's

Copper Price To

Be Maintained

;*.

Canadian Beef

In Demand'

work for about herged aripbuilders also may that.I

That

(about int orders during the past two

ba od

In Chicago

July

ya

Beptember

DALA

Heptember

New York hout-por 290 $12.70---Unisea Press,

23719

237-7307

BAT-12

The Cabinet, seriously worried' about the effects of such a course on the standard of Hving anit export prospecta, is templating action to stem the tide of rising price levels,→→→ United Press,

Japanese Buses

För Bangkok

'cdn-

Tokyo, June 11. Tho Tzsuzu "Automobile Com- pany hos

14 00-horseporastog ta dell vor, (0. the

Company of Transport Bangkok, a Nihonko Krizaik Japan's financial. Journal: tow ported today. The vehicles Wirs priced at $9,140, FOB-Unillod