1951-06-20 — Page 9

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In Port

Ath July am

10th July

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From

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Halgon

Macantar, Java Ports & Singapore Atacassar, Java Ports & Bingapore HIAWan Deli, Penant Kingspōre Japan

נוכרום!

SAILINGS

To

singaparr, Javn Ports &

Machlaze

Skigapure, Jaya Parts & Maravar

VAN TELTK2" TUYS"

Japan

Manila, Hingapore. 5. Africa

3 America

#

22nd June

25th Fine

July 911 1th July Dorth July

"THWANGP "RUYE"

TSITJALENGKA"

Agents: HOLLAND EAST ASIA LINE

In Part 11th July End July

MK A

From

Europe & singapore.

ARRIVALS

Doite

Ship

"KIELURECHT" "RISLDRECHT"" "AAOTEKIRK" *AAGTEKENK"

Imp.

Inrupe Japan

RAILINGS

"KIELDRECHT" "KIELDRECHT" "AAGTEKERK"

2011 June

13th July

End July

Hi Wugust NAAGTEKERK"

Singapore

ΤΟ

Japan via Afanita.

Monita, Singapore & Europe.

Japan via Manila

Manila, Singapore & Europe

CEKINGS BUM:DISCÆTELEPHONES/28015510900175)

CHIUSE STAGESTELDE TONSARGIH KOKARMSIKMA E

Synthetic Wool To

Mass-Produced

Be

Washington, June 19.

THE CHINA MAIL, WEDNESDAY, JUNE 20, 1951.

Move Against World Trade Pattern:

Price Fixing

London, June 10.

The British Government will move to break price- fixing systems 'which con- trol the minimum cost of 30 per cent of Gre than

the goods sold in shops throughout the

the cotmtry,

"White The Government' Payer today said that the way in which manufactur ern enforced fixed retail prices "amortits to a'l- vale system of law and punishment allowing no appeal to the extàbilshöl courts of Justice.

The White Paper fol- Lows a speech by the_Pre- wide of the Board of Trade, Sir Hartley Shaw- cross, in Parliament last week, mying: "We must week to wet the people in Industry free."--Reuter.

CUTS IN TIN PRICE ATTACKED

New York, June 19. Indonesia today attacked American tin price cuts, saying they are wholly in- consistent with President Flarry Truman's

Point Four programitie.

The Republic asucă a state- mhent in New York enying its Embarry In Washington had protested to the US State Department that the cuts might suriously imperil the world's tin

a

The statemerit salà: "Produc- tion cannot be continued at the reduced prices, not only be- cbuse It woulà e impossible to maintain operations at much

of return, but also be re cause labour unrest would set "The

Intest Higuras sbow Indonesia

is the world's third argent tin products, behind Malaya und Bolivia,

United States Govern-

in"

A spokesman for the Defence Mobilisation Administrator, Mr Charles E. Wilson, told the United Press today that Mr Wilson was expected to declare within one month that synthetic wool was necessary to the defence effort so that it can be mass-produced to provide uniforms and blan-ment, sole buyer and seller of kets for the armed forces.

The spokesman said Mr Wilson feels that once synthetic wool is mass produced, it will take the same place in relation to natural wool that artificial silk at present occupies in regard to natúral silk,

all

Most other types were Irregular,

The

tin in the U.S., has sloshod its

dour times price

so far this month with the latest quotation in New York at $1,06 per pound

Bolivia has also about the country's jeopardised

complained

the

exyttre

is economy since tin is its

major product..

Need For Increase In

European

Production

London.

Problems created by the Korean war, consequent recrmement pro- grammes, and raw materials shortages, are dealt with in the third pro- gress report of the organisation for European Economic Co-operation (O.E.E.C.), now issued.

The report stresses that the problem for Western Europe is not one of returning to an equilibrium which has been upset by the effects of the war in Korea.

"It is one of continuing to strive towards the goal of complete recovery while at the same time maintaining the defence efforts and alleviating the new stresses to which this has given rise."

In the course of the re- the same time as it is rearming, to try to complete its economie port a programme is sug-

recovery now three-quarters gested, to enable the mem-achieved. The situation ahead ber countries of OER.C., will therefore require much co "to consolidate their re-operation and good handling by

Governments, covery and enable their economies to support the of in- necessary burden creased defence expendi- ture."

volume of manufactures for both our home and oversCNS trade has full to be revained, materials end to bolilemedios in

shortages

prottuction.

of

CricTibiul

that we are now contrant- ed." the article donmorts, "with a a vituution wilch its or no moans to our liking is purt- ly our own domg. If one "Sizle marshals its resources for big boying, others may be expected

to follow this lead, not only in regard to buying but also in EXPORT TARGETS

of Importance

substantial regard to selling. Having spon- the policy of State- the value of

Our spred increases in

WC nre now

called exports daring the coming year trading,

We was emphasised by Mr G. C. upon to count the cost.....

the are now enmeshed in the toils It is urged that production of Dixon, the chairman of the of a system which

is steadily Merchants raw materials

Export in Europe. National

becoming more and more in- particularly of cool, Iron and Group, in his address to the tricate."

meeting. He was fairly sulphur, should be increased, as agilmistic that the target set by mind, the fallure to purchase Many commodities leap to also production of raw materials

be would Government The overseas Overseas.

which. by the bulk polley reached, but it must be remem- heavy grammes would require

at the right ilme, has capital expenditure, as, for bored that the increasing costs of brought Britain to a state of continuing ley housing. The report imports was a serious matter timates that of $5,000 million and we must face the fact that

fumbled tim- shortages." would be

balance needed for the

of which

Sean-1 payments ber for

for housing from in position

might deteriorate. The

and news- Africa south of the Sahara

the pulp dinavin:

famine; feat from

vy

the

costs and

the next ve years, $3;000 million | terms of trade were still moving | Amorlea, which provides trould have to go into public against this report presented the dual instance of having to and semi-public investments.

The annual

This

Concerted measures already to the meeting expressed the buy tou late at too high a price taken for establishing priorities view that if traders had been from Argentina, which hus country's taught the Government a lesson the use of scarce

raw free to ports and exports, | in bulk-selling to the consumers' materials and for controlling needs, in their distribution between coun- tries should be developed.

in

Tho

MESSAGERIES

M

"FELIX ROUSSEL" .. "EPINAL

ARRIVALS

MARITIMES

from Marveilles

from- Euthipe- SAMLINGS

M

PASSENGER/FREIGHT SERVIUE

"FELIX ROUSSEL" "LA MARSEILLAISE” "LA KARSEILLAISE"

"AURAY" "GRENOBLE” “QUISIREHAN” UNTERONG"

:

to himselfiem

FREIGHT SERVICE

23rd Jupe 6th The

Dith June

.N. Afrion & Europe 13th July N. Atrion & Euriph St, July N. Africha Puripe I2th Aur

for

PORT SAID, TUNIS, SARSENAES, ALGIERS,, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRE,

ANTWERP & ROTTERDAM,

CIE DES MESSAGERIES MARITIMES

Tel. 26651 (Three Lines)

Queen's Building.

MAERSK LINE

FAST FORTNIGHTLY SERVYOK TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, VI SAN FRANCISCO, LOB ANGELĖS AND FANAMA. NEXT SAILINGS

M.S. "CORONA”

M.S. “ANNA MAERSK” M.S. "LEISE MAERSK"

Jane 190

ARRIVALS FROM USA.

backward nations have

M.S. "GRETE MAERSK”

Jane 29

governmental

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

Jaly 19

Aug. 9

Co the

would have been better covered. cost.

Trader private

could act be quickly in changing circum-been

while

were

us

the strongest efforts to Colonies. These countries llar i pressuro is being exerted

control inflation, and efforts to solve the structural scoriole certain countries problems of The statement

noted that should be intensified. President Truman recently said

GOOD TROGRESS

other Amer. The ditempl

particularly foodstuffs.

at be

If the

Mr Wilson realised it hus:] components pre petroleum and

coul.-United Press. some of the same. qualities

as urtificia! gilk,

namely when

PRICES DROP

Sydney, June 19. wet, it dries very quickly and loses Its wrinkles. Mr Wilson There was a further decline believes that factor will prove in wool

Sydney it was America's desire to raise values at today. invaluable when synthetic wool sales

the standard of living in Asia Practically uniforms and blankets can be descriptions of Merino fleeco

and added:

officials to re- comebacks and provided in quantity for the and skirtings, Armed Forces. Mr Wilson had crossbred dropped fully five per duce drastically the earnings and 1980, Industrial production

from.....rew. materials. wholly

is utventhis matter ~getive- and if cent compared with yesterday.-- onsident with the declared rose by 45 par-dent; îbs-total wall--be faced -with-a-world | Thentic, as part of ́a Lavourable consideration that within one month the De- fence Mobiliser was expected

declare

wool synthetic necessary to the defence effort. One of the bit considerations

Most types di Adelaide sules In Wilson's mind is the fact were irregular. Only a few of

Mr that synthelle wool can be pro- the best wools remained firm duced of considerably cheaper on yesterday's rates. Many in- prices than the present prices at ferior fots received only a try Which natural wool is sold by an bldg in a buyers' market. -- Australia and

other countries. Associated Press. Mr Wilson was disappointed the present high wool prices at

to

at

a time when the United States has instituted price tellings on of scarce strategle numbers

materials such as sulphor and

mr

ziner Wuson feels that through ¤ Kystem of allocations the price of wool would have been that this vital controlled so strategic material could be sold at more reasonable prices to nations taking part in rear- Mr Wilson Trandat efforts.

was aware of the fact that the Wool Commodity

Principal competition again came from the Continent and Great Britain.

HONGKONG

SHARE MARKET

(From Our Correspondent)

Business done, on the Stock

this moming was

Committee Exchange of the International Materials valued at $209,500. Noon prices. Coffference had not to becomplish anything because and the morning's transactions

306

the President."

years, the proceeds of tin

while

STATE-DUYING.

<AGENTS:

JEBSEN & CO.

Pedder Ballding

on

ກ

RE-

ako

Pro

Tel. Nos, 2006149.

M.V. "FELIX ROUSSEL"

Will sail for

MARSEILLES

Via

MANILA, SAIGON, SINGAPORE, COLOMEO, DJIBOUTI and PORT SAID.

oh

Sunday the 24th of June 1961 at 11 p.m.

quick to seize upon A special effort should

agricultural stances, to increase masic

revenue, They have been production, as fed needs are changes were slow and depen-policies which offer them easy

On Inter-dopartmental taught the petard of nationalised For Freights and Farther Particulats please apply, thre Increasing, and will impinge dent

a new policy grab in Persian oil and shown heavily.

countries decisions before on most

was sanctioned. problems.

that hesitance in cimching balance-of-paymerit

Mr Dixon stressed the need prices just lead to higher ones. Obstacles

international

for continued efforts to main-But con our planners tea'n nede s

should be further reduced and equilibrium in the balance tain and, if possible, expand our from experience and advice. of payments between countries dollar sales, but pointed out that

this must not be done at the DEFENCE PRODUCTION should be secured.

According Member Governments should expense of 'our, Dominions and

to reports, litflo make

the sterling area's

satis European manufacturers to gear

their corners, and they must

plants for defence pur- fled. He suggested that we were

poses. By whom? Presumably moving into a world to planned that

new vious by the United States. With th

and,

to a exception of Britain knowledge and experience

lesser extent, France: West On progress made in the past well go by the board. three years, the report gives some plans for the redistribution of European manufacturers are fot wealth and the uplift of the receiving aufficient defence or-

асга to make

re-tooling neces- Interesting figures. Between 1947 standard of living of backward

rtices were carried out we might sary. One might consider such a situation, if complgrand de- material, sign" defelt in the current balance

to develop European policy of the recent time in payments of Western Europe was

war industries where they reduced from $8,000

least vulnerable and likely to $1,000 million; exports sales are directly benefitting by 91 per cent in

In the current review of the be over-run by an enemy. That the Indonesian people and in imports rose by only 22 per cent. District Bank, Ltd, some of the Itself would be a tribute to island position, but as is closely related to Indancelo's The most impressive aspect of the fallacies of Government bulk-Britain's hard wir potential drive to raise the nation's stand-

European recovery during the buying policy are discussed. In long by ard of living."

period is the reduction in the the course of the article it is have to be paid for out of a The statement added: "The dollar gap; in 1940 this was stated that the theory behind

commercial dwindling present price of lin should be at high as $5,000 million, but by bulk-buying was that after the

or sacrifice seems least $12 per pound."

1950 it had been reduced to wor it would regain for to the w of goods some equalisa~ | Concerning recent charges by $1,000 million.

fall power and privilege of

n recesso motor-car industry, ⚫ U.S. official that tin prices The report estimates the net great Importing

Country To

instance, is hampered by should for inst Western national cartel the Indonesian incom

Europert have Teserves income of

large at statement said:

$29,000 millions, com

and. stock-piling.

valuable commodity in our ax- countries 1. Catagorically state that posed roughly as follows: 67,000 On the other hand, a etatralie-port

trade is dwindling in are wholly million to reduce the read system would force a hard volume and value as rearma without foundation in fact and we balance of payments; 36,000 mile bargain with those anxious to ment gets into its stride,

Both register a most vigorous protest Hon to raise the level of gross sell surpluses were no France and Italy, with huge

national investments by

by one-fifth

The article then plants available for army trucks, comments: "Here was a polley jeeps and kindred craft, are to provide for more education and which would give un the best of without orders for such, and are health services; and $16,000 mil both worlds; it would provide making private cars for home

on to increase the level of the most economical methods of and foreign consummwilon, personal consumption, the ever- seuring our food and the

is thereby losing marketb age in all member countries being materials for

duously

Cultivated our industries,

since almost back to the 1938 level. The thereby greatly helping to in- 1945; the sterling area countries, | report notes that the combined

nhla to get from Britain goods increase our competitive effects of freeing trade Dotting up the

the Europtan Pay-

for putting million held on their behalf, are 070 ments Union has been to Increase

"of centralised buying turning to other sources for be to the test. Three instances are needed goods, whether those trade by 37 per cent since 1940 cited. In 1940 and 1950 prefabricated ho

houses with full early of demand of Antings or motor-cars or textiles. the two-and-a-half years from

countries

The cost, as well as the alloca the inception of Manshall aid to many

fled and there were signs of

initials of strategia the end of 1950 the countries of recession. Overseas soles were whould, at ence, go unto t

of tion,

poo! Western Europe had gone far determined by cheapheis, "but for the common causb, dthat- towards fulfilling the objects of

article continues, "we felt the vise a situation might well arise the ald

programme, achieve pinch Sharply enough since our whereby one or two countries ment of which was set for manufacturers had to pay more become the unsecured, tind Idoking bank on these Amaz ments. the report estimates that then their foreign competitors thereby unpaid, creditors such S., “VALLES" LOADING.

for metals and other materials, anaverage of $3,000 million dietid and consequently were las obie 29 Britain found herself imints |

49

tion of effort

[ had been forced 'up by in inter-increase in three years in the combat shorts Nipia – } lack of steel, and as a result this:

Ruth statements

with respect thereto.

"There is no international tin cartel in existence.”—Associated Press+

LONDON PRICES

London, June 19,

Prices of tin closed here today

at the end of the official morning SC89ion as follows;

beca

on able

SHARES BUYENS SELLERS SALES

Spot tin, seller

Spot tin, Buyera

Business done at

ant!

25 1400

240

certain member countries will GOVT, LOANS not agree to allocation

(1948) 934 D1⁄4 BANKS

TK Bark .. 3410 $420 Epit Asia .. 100

price

control of raw wool. MASS PRODUCTION After

de- Wilson has Mr clared syntholic wool, necessary to the defence effort, the De fence Production authority will Issue 'certificates

necessity

to fiems manufacturing synthe- tic wool, which through tax benefits will allow them within a period of five years to

Day off the costs of their manufac turing pant The Defence Production Authority will also see that these firme get high priority, for the machinery required to manufacture synthe- tle Wool.

Mr Wilson was understood to have received assurances from Arms that have begun to j. manufacture synthetic Wool

INSURANCES

Canton.XD Union XD 710

Underwriters JK Fire

DOCKS, ETC. 40

K. Wharf

N. P. Whart

XD Dock.... Provident S'hat Dook

LAND, ETC.

4.30 45% 32.10

Wheelock... 21 HK Hotel

현

AIX Land Xa

'S'itat Land. 120

UTILITIES

TYRE

Biar Terry

XD

1120

8512

15.00

Light (B)

C. Light (o)

30

Three-month tin. buyer

Three-months tin, sellers Business done at Settlement

100

buying

over the 1947 level; $1,000 million

cumulatin

and

The

*basic

Bri-

years were in part payment of the £4.000

930 the volume of intra-European de

9:35

DCO

United Press.

710

43 @ 710

Grain Prices

-29000 295.15

EKO 12, 000S, 2,

In Chicago

Chicago, June 19. Prices of grain futures closed here today as follows.c Wheat-price per bushel

July

Spot

September December

METERS (1952)

Miky

24 3200 6 214

10 100 0 20

Carn Sudi July Beptember December March

****** 0.70 4,00 000 € 5.70

2336

XD

XD Sipetrio Telephone

INDUSTIU Cement Rope

that when this 'fnáserial is do- citirea necessary to the defence effort, they will go into mass production as quickly as possi- ble. It

may take two three

or years before this new industry STORES, will really enter into its stride. and in the meantime

dral of its named

pected to be

Armed

a great

Dairy

Watson

COTTON

Ewo

1000

1234 (600 @ 10%

Crawford

It is further stressed that in the back-log had been satis-

the

Jor

Passengers are requested to vorra the vessel with their cabin baggage on SUNDAY the 24th of June between 5 p.m. and 7 pm.

Baggage Room and Hold Baggage will be foris, tered at Kowloon Godowa, No. 50 (No. 2-Gate Cantori-sa Road, Entrance), on FRIDAY, the 22nd 57. JUHO, between 2 p.tn. and 4 p.m. knd SATURDAY the 23rd: of June, between 9 a.m, and NOON Imperatively."

No Baggage will be accepted för registration after this time. CIE DES MESSAGERIES MARITIMES:

Tui: 260ki yo Lines). Queen's Bldg.

PATTISON ORIENT LINE

LIMITED

SAILING TO NEW ZEALAND

FOR AUCH

and 'thatüfac- |

12-14 Queen's Rohd C.

diately after the Second World mado a difference to a year has Flutroph (in 1949 Waulis) of orders. It cannot, therefore, Be be a Lend-Lease with b. suspen

to compete

much-needed war. In plain words, let there $31,000 million

year ∙of ro venue, and has brought back said that bulk-buying gave us slon of payments in, strategie

raw materials consumption a head in Western any noticeable support in that

tures: Kuture almost to the pre-war phase of peace-time trading."

SECOND TESTI The second test arose is à fesult

the Korban wat, In the Eume period, ogrieu- | "Shortages, not surpluses, were taral output was raised by 33 How the problem ahu, we per cent above that of 1047-40 tað be much time as others

(when weather

th which to act and ʼn longer bud), and it is hoped that the purse than most with which to agricultural target bet for 1952- buy for

Jovel.

2.38||+2,30 2,8216-243 2.45 230

101-31

July September

Fruly.

781 September

Yow Your four-per 200 lb. Back. 25 $1200) United Pres.

Whe

INDUSTRIAL OUTPUT

conditions were

our then, were

future needs.. 58 will be attained Industrial

circumstances production reached its target for

an unprecedented for a Stile mario- 1982-69 by 316 end Sr. 1000;

then producing ac i

poly of importing to prove its cont per

above tho level of

10 worth yet it falled to do so.. 1038.

time the

The 1ht of Information At the same dollar gap had been cut from which

..a eritros $0,000 million in 1947 to #1:000 We have been availible million in 1980. With the help hardly

anit

When high ofcials

Exchange Rates Japanese Bonus of the supplies

June 19,

Was 'ex- to the Forces for uniforms blankets, fr Wilson ond believed that commercial

of synthede wool become avall milk, will receive the same Bisrinear was done in the local enthusiastic.demand from the unmelal...exchange. public as: han artificialalik. morning at the followin rate

Mike | Sterling notk (pées 1) Qu Life prevent high prices of raw rule, notlar (per 2017

Figyorón quiigora, pier 100) 20-

market

ENS

Minibus to the production of Singapore (Birate)

ontheus de wool, Whore" chief, pic plurites (per 199) Quik

this

Pacific Far East Line, Tee

Fast Regular Trans-Putite Service

NEW YORK-Chickeð þríkỞ

KONTREAL AND NEA, AMERICKY 2 CANADIAN SYTYKA

DIECT ́BAN PRANCISCO, LOS ANGELES

*Verrel

it "akokoh TUGEENDACH

1t credible.

“HDGAR LUCKENBACI” Should Bave run by

We

Lowards honl liberali- pur) dicks. sation of Trade Inben-European and

from

wavement 64 1060) aha of the down rather har

cunt above that, of:

The report uphliter, that we have to col

1 the problem 100% Europe is at me, yet, ment

·Billy T

Daly an

d