1951-08-17 — Page 9

Page

THE CHINA MAIL, FRIDAY, AUGUST 17, 1951.

MESSAGERIES MARITIMES Bank Scandal Australians Revive

MOM

-Arriving~~£æsving-------

LA MÁDBRILJAJIE” App. 21 Aug. 27 Marzollies via Manit *MEKONGL CAFE 2 AUZ W NAfrica & Europe

►TELS PUPEN"

Seat Sept 15 eANNE Sept. 2014 Hept,

subject to change without potice,!..

* passengers & freight

Escope

† freight for Portrnid, Tunis, Algiers, Oman, Tangier, Casablanca, Havre, Dunkirk, Antwern, & Rotterdam,

CIE DES MESSAGERIES, MARITIMES P.O. Box 53. Hongkong

Queen's Building (nr. 4qor) Tel. 20651 (3 linea).

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

M.S. "OLGA MAERSK"

M.S. "LAURA MAERSK”

MS. HULDA MAERSK”

M.S. "TREIN MAERSK”

M.S. "PETER MAERSK”

M.S. "NICOLINE'MAERSK"

ARRIVALS FROM U.S.A.

In Port Aug. 30

In Japan

143.

* Tokyo, Age The police arrested here this morning Mitsuyonbl Twal, 19."Wanch" inihager of the Teikoku Bank. Telkichi Mizuno... 31, former branch marrager of the Chiyoda Hart and Kdori Buchiya, 14"

of the Kimyo Bank, n' charges of illegally dis- spuiting bills and accept- 6k bribed ictalline 20,000, 06. Yen-Reuter.

HONGKONG

SHARE MARKET

(From Our Correspondent)

Business done on the Stock Exchange this morning. was valued at $100,250.50. Noon

and prices

11:0 morning's transactions:

་་འ ས "་".

DANKS

A

Former Jap Industry

Brisbane, Aug. 16′′

Along the reef-ridden Queensland-const- from Cairns A to Mackay little ghing are picking up an industry that disappeared with Sapanche luggers more than a decade ago, trai

Today, those little ships are Australian-owned. And a comfortable dollar balance is rising with the divers who bring trochus shell from the ocean floor.

“Former island traders, pearl boats, crash boats, ex-navy juga, schooners and trawlers,

alf

indepen dently owned, are working as a doct paying jää'way in a venture that has only recently become a paying proposition,

......

Price of trochus shell bos They sweep the fighing scp- about twice" "d" year, doubled to £4250 (£200 ater ways Un) a

ton Because, observers vully the first thrry believe, of American require months.

In- ments for precision aircraft

The lure of the trochus hes struments.Trochus Is resistant

It has started a now migratory move- to temperatura change. plenty of use in the luxury mant as pearlers and their trades, as knife handles, orna-s move from the fields of 16 Darela and. Broome to the mental inlays, buttons and

Queensland waters on.

Gathering pearl and trochus shell is dungerous. A diver's

ilfe in SILARES DUYERS BELLÈRE SALES expectancy of

pour Thursday Island, on the tip of Queensland, and Broome, on the other side of the continent, have cemeteries crammed with evid ence of Japanese divers' will Irigness to take risks on the sea

HK Enak D 1500 1615

East Asia $14

INSURANCES

1

240 245

Canton Union

7321 200 30 2 765 Underwelers 3.90 4.20 1000

1000 i 4 135

HK Fire

SHINTING

Sept. 14

Asia Nav...

BOCKS, ETC.

Whart

Aug. 30

Sent, 14

Sept. 20

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSENT

Pedder Building

CO.

Tel. Nos, 86066-9.

Indian Attitude Towards Foreign Investments

Geneva Aug. 16.

The Indian delegate, Mr T. T. Krishna- machari, told the 18-nation United Nations ECO nonnic and Social Council here yesterday that India, was "strong enough to accept foreign investment

on.

her own terms."

on

The Indian delegate made bir remarks during "'s debate ways and means of increasing the How of financial ald to under-developed countries alter the 'Soviet dilegate liad stated thai foreign capital could be a degger to these "countries.

Invitation

To Japan

Mr Krishnamachari. said,

Washington, Aug. 10. however,

that there was no

The World Baroc ad the question

under-developed of ?countries granting unrestricted International Monetary Fund foreign and domestic has invited Japan to send an equality to capital 13 they might very observer to attend, meetings of: rightly like to reserve certain the Board of Governors of these fields to domestic capital alone. two international

One of these floids could be coastal navigation.

in

This is the first time that Japan has been asked to partici pate in the activities of these organisations."

aro

1000 1.00

DÓ 100 mm 581

2

N. P. Wharf 5.30 3.00 2300

Dock

Provident

That Dock

Wheelock

LAND, ETC.

#

1111 1912

... 26!

HK Hotel 6.00 5,00 000

4019 JK, Land

Humphreys 9.10

UTILITIES

6.00

80

40%

4 100 C4014

$234015

{

Tam......19.40 13.80 100 713-30

100 154 C. Light (0) 7.55 9.70 500 1.00

Star Ferry

300 a 7,60 Light (N) 4.60. Light (D) 730 745 1000 1 7.36

20.60 Electric

291% 294

Telephone 14.50

300

INDUSTY

Comment

Bape

STORES. ETC.

.Dairy

Watson

Crawfor

COTTONS

Ewo

MISCELLANEOUS

Yongrize

21 2.70 1000 2.00

1000 21

The Rubber

Markets

London, Aug. 16. Prices of rubber futures dieses today as follows-

in cents per lb. Number rubber,

October November

Some masters claim that the Japanese divets are better than Malayans or Indonesians, but o move by a Northern Territory pearler, Mr H. S. Cross, to bring them back met swift and decisive opposition. He threa tens to operate from Timor the Australian Government

bans his proposal,

The underwater hazards include

COTTON TRADERS CAUTIOUS

New York, Aug. 10, Colton futures moved in a narrow range as dealers: sur- veyed the weather and crop nows... The market displaycặ It may mean a complete res hesitancy reflecting the pros construction of the Australian shell

industry and, by the PCs of increasing pressure as diversion of other vessels, have the new crop movement ex- far-reaching effects on Inter-pands. Traders watched weather sind trade raules In developments in the cotton belt Southern Pacifle, Beuter

which is expected to be an im- portant factor in the size of the coming crop.

Active Day

Of

Trading

Cotton Industry leaders pre- dicts that if the entire crop is "dumped" on the open market at the harvest time this autumn, farmers will lose money. The market opened i to 9 points bigher and closed 3 to 9 points

In Wall St.higher.

New York, Aug. 16. The stock market was actively;

the devil, fish, the diamond fish higher today. Most major divi- which can severa diver's life-alohis participated in the rise.

Prices closed as follows:- Spot October Decadsber March (osa)

Ine in one swift snap, death!

The Dow Jones Industrial cober and dealing sharks, siar Paverdige closed at 205.45 a new other finned terrors able to high since June 8, 1930, 'when and swim off wilk a man; slag It was 208.

clams hide cunningly among reck crevices,

their vice-like Jawa

3488-34.40

May

Judy

December

3099 nominal

United' Pres.

NEW ORLEANS MARKET

The advance carried leaders 9pot

October

on for a swift wrenching Braheall between $1 and $2 a share December that crushes fish to the bone she never lets go until the visim at the outside. There were lostes Marsh (1063)

of more than a poin; but these were not mimicrous.

drowns.

BONUSES PAID

Trading came to around 1,700,- 000 shares, the highest total in. more than a week.

There are undathomed holes where a man, his fezt weighted with load, could wink ahede Steels, motors, rubbers and from water pressure; cetoyuğu olls Were among outstanding. writhe ringing suckers of libre divisions. The Railroads at'önu tentables abar naked brown and the stepped smartly phefid but yellow bodies, parret beaks hide-Tot ously yammering for theff blood,

Yep the trochus fleet is ex- panding.

thei Our 'as tie

Radio televisions, with the prospect of a trans-continental teloysion her in operation for thebaseball

May

July

October December

'3"

34.33-34.59

3451 bid -34.34

21.43 Did: United Press.

Malaya's Tin Exports

Singapore, Aug. 10,-* Malaya's im producers: ex- Series, ported 4,775 tons of Ai la July. Skippers, undercutting the Queensland Govertiment Island were in demand ut advancing but none of it went to the

Radio Corporatibii" was | United States... Industeles Beard with is 31 Prices,

The biz buyers included

the sponsored and controlled ships, active at a new high and turn-

ed in one block sale of 13,000 United Kingdom, 1.743 tons, paying divers incentive

shares 4 to 24 at 2234 bonuses as Ur haul meunis.

Europe, 1,082 tons Brillan American Telephone Charts of the trochus areas

gained possessions, 1.003 tons, and other ape unreliable. According two points for a new high of countries, 947 tons.

Exports for the first soven former Sydneyke Frank Lucas, 10%, the third day for estab-

former who runs the 80-ton

lishment

of a new high mark.

months of 1950 15tailda's§.759 Navy tug Albatross and the 50-

included tons. The lowes! export figure. fon Marcin, the mapa made

Spocks advancing

so far this year was in January by the explorer, Mathew Standard Oil of Ohio, Pan |---4,514 tons.

Airways, World than American Flinders, are more rollable Lows, faternational Telephone, those made since.

alone to carry 30 hoats for many | Good-Gris General)

in three months of this year, 4415-45

townistalk say, the eight boots 4141 from Mackay brought in more Than EA00,000 €240,000 sterling) worth of trochus,

States stopped,

The United Anaconda Copper, Dome Mines, buying Mainyan din carly this Lucas has said that there is Dow Chemich, American Can, year until is price reached

Motors, what American regarded *** n' enough trochus bil Mackay US

3. I. Case, Boeing,; "reasonable level”. Tematy yours.

Philco and Zenith.

Tin sold as high as STS:73, Curb stocks were higher, i per picul on February 14. Now about STS$400 njer cluding Calgary and Edmonton, if sells at Consolidated Mining and Smelt-picul Associated Press. in Drvel Shilphur General Acceptimer Cofporation, Mono gram Pictures, Raytheon' brid Shattuck Denn Mining. added: "It in just a Dow Jones Averages-- "matter of pinpointing the right) 20 Industrials spot." For prospecting parties 13 Rad

miles and 10 Vilties can- travel may 13013-130

days without finding bed.

-United Press. SINGAPORE MARKET

Singapore, Aug. 18. Prices of fübber fülüres closed, today as follows:-

umber 1 rubber, per ib.

Migust

September

October

The Indian delegate said that he was glad that the problem

Board meetings. of financial assistance was re- ceiving 'increislig attention scheduled for September 10.

ticularly

the United

The action of the Anancial was interpreted organisationis The Grey and Rockefeller here preparatory

48

10

Japa reports, he said, pointed to the requesting membership in the that ald to the extent of two agencies after the proposed

$1,500 million and Japanese peace treaty is signed Number z rubber.. bo at San Francisco early in Sep-| $2,100 million could

lember-Associated Press. Humped into regions each year, This atti would come from agencies like the International Bank as well us from private foreign Invest

ment

unduly

MEN ACTION TE

NECESSARY These various reports and promises had raised expectation under-developed countries

in

to a fever pitch and action was now necessary.

He urged the Council to come to concrete decisions on the dines auggested by the recent report of United Nations ex- Perts

New

York Sugar Futures

New York. Aug. 16.. World sugar futures closed today higher to 1'lower, with sales totalling 8 contracts..

Contract No. 6'closed 1 lower to 2 higher, with sales totalling 60 contracts.

Prices closed as follows:-

(Contract No. 4 ((world) Septembar

5.37 nominal Mr Krishnamachari, however, January (1052).

6.29 felt that

suggestion in the March report for an international. May

elopment

authority might not July

September feasible at the momon Spot Buch an agency, would have to. depend overwhelmingly on the September

|January (1052) contributions of che

"single" country, the United States May

March

Reuter.

July

Sapte

Spot

Jute-Growing

ustralia

growing a being area in South Wales qué? Lucans

periments wi

AFFECTED

a shell!

to Lucas,

the beds have been

docated, the: Aroanus, feet m

August

138 -100

Also, according

Number 3 rubber.

Auguri

once

13015-131

121 -125

14312-14815

Number rubber,

August

Spot rubber) unbaled: Black 'trapa No 1, pale crepe

183 -168 -United Fress.

LONDON TIN

MARKET

205.40 '80.72 43.19

-Associated Press. LONDON MARA MARKET London, Aug. 16: Government Wamings of a

today.

Drill Presses From Japan

New York, Aug. 16. Ten cases of universal radial bench drill preses made by the Zowo" Manufacturing Works of Kobe, Japan; have recently

make pubstantiat contribu-large dollar deßelt in Britain's arived in the United States and tion to Australia's shell industry balance of payments slowed lave caused some interest

Zewo is one of the largest which last year earned around trading on the Stock Excharge

American-owned plants started XA2 maljon.

Japanese bonds singed a half-in Japan after the end of Ute hearted rally in early trading war. At present the company is But gains soon were wiped out producing 100 wilts monthly

Progress in the trochus in- dustry is adversely

the "Northern" "pearling tests,

in Part

TAX Rept

Sebt.

But Bept.

p0th Aug.

2814 Aug.

Sun: Aug. 1st Aug. 4th Bept.

Дир

Ju Port

15th ---Rent.

webs 2nd week Oct.

18th Avg.

17th Sept. Mia Sept. 2nd week Oct.

TIA

"EKOSKEVATVIA

"YAN NGUTSE" "RTRAAT ROENDA" "TJUSADANE

-Macrosya-& Java Paria s

'Kidden, Afauritius & Ringrenes Mačítala, Jhvm F'nete & Ringapore Kuraits Belawan Deli

B. America. 8. Africa. Binarpo

Japan

SAILINGS

"TARMAN"

**BOJESKVAIN" PTJEJALENGKA" Sungsport, Zava Porta, da Marktsar

"YLIBERA 15**

Nontox Ko Japan Parts' #TAIWANGI".

·ktogapore, Jaya Paris, & 'Maramar AVAN-JEUTRZ*** Japan Počinite "THAT' RÕENDA“ „Japan Parts

Mingapore, SEMATADE.

Chikarta • * 'Birinina 'Delizi

· MEWATIN, - Singapoṛm, “992 Alsten

Manila, "Binagapore, R. Afrien

*America

Agents: HOLLAND EAST ASIA LINE.

Ship

"AAGTP

WUNGUS BUILDING

ARRIVALS

From

Ampan

Birak

Фарал

kurde NAPOIS

SAILINGS

Manila, Singapore,'& Europe

Japan via Mantia

Mania, Sintaporo & Eutops.

Japan ́vis - Manita

Mana, Bingapore & Rurope

AULA PHONE N

想いきます

111

P

PATTISON ORIENT LINE

LIMITED

5.S. LAURE PATTISON”

DUE FROM

Kohe Aug. 19th

12-14 Queen's Bond c

SAILS FOR Direct Pusan and Japan

Chinese Agents:

Aug.

Tel:

OVERSEA CHINESE STEAMSHIP: CO., LTD. 48 Bonham Strand W. Tels; 26046, 26127 & 81119

Vote For Public Ownership

Good Crop Prospects

In N. China

Swansea, Aug, 16.

San Francisco, Aug. 10,25 Conditions. Indiented in" "grodds Leaders of 2,500,000 Brlilah |

country's chief, producing resign shipbuilding and engineering harvest in North-Enst him, the workers today approved a ten- of soya bean, corn and knoller tative plan for public, owner Peking. Radio

tonight reported ship, or control of large spo". tions of the nation's engineer- It said that because of th

peasants were standing by ta ing industry.

proiect more

than 1,000,000 has hectares of farmland, part already been submitted to the which used fol

The scheme, which

Trades Union Council, overalli previous years, loodad"

The broadcast said that ain executive of Britain's unions, suggets outright nationalien the approach of the flood season tion

the aircraft, coal last month, a system at "com mining

morine mand machinery,

posts to direct food engineering and heavy vehicles vention was established industries.

provinces folowing the com pletion or dyke repal's in Jina

Thousands Development councils for

of mobile controller the radio, autospection and rescue, termS mobile, locomotive, and a num-standing guard along 1,800 mille of other industries are also of the dyke system in this play

of China, the broadcast added Reuter,

by losses ttp to 35 points units Decline In

The total pear and trochus German bonds also falled to hold to 200 untis per month or more harvest in 1930 amounted to inita adubijeen, Brilbh bonds to meet expected demand.

Associated Press, were dull,

well over half a million pounds, bringing Australia, more than milion dollars. But the pro Oll issues lost ground on the duction of pearl she dropped reported deadlock in the persian per cent and was more al tallos, and mining stocks Kagged The tin market was quiet this than six per cent less invalue morning with turnover only 45 cumpared with the previbus tons, including 5 tons for cash. years yield,

London, Aug. 10.

Priete cloud int, the "and ot

morning session

5.05 bid

5.05, Hid

5.00 nominat

8.00 0.40

Contract No.'¤;

5.30 traded

ameinl

follows

5.37 nominal

Bpot in, buyers

3.44

6.49

A Puerto

urgo the

allon of

Spot tin, sellers,

Humà đànd” sit,

Trend-rockit[?artin, buyers.

FIRINGSUOTINs, ¡tin, : sellors: Dükkasen dgn t

#40

The mallest marketable size as for trochus in 12-24 inches diameter, and the cone-imped show ranges to four indină

DETCAS.

SCIENCE HELTS

****

Science)) tip is beating many

former threats to

ships, and

A Government meteorological station, built

The Financial Times' dally in dex of London stocks was 139,0, changed-Associated Press.

Bank Of France

Statement

OSK SERVICE TO PAKISTAN

"Karachi, Aug. io, Karachi was linked with Japanese ports after 10-year lapse when the Nippon Osaka Shosen Kalahn Une resumed ser- vice this month, Meluma

The Natical Maru" left a load- of textiles and texillo machinery and is carrying Pakistani raw materials on is retum-Ario, clated Press.

Chicago Grains

064/6). 271 Chicago, Aug. 18.3.

Firm. Tone

Pepper

New York, Aug.3.18)

Firmness in the primary kets held black pepper PHO rigid on the basis of $1.78. pound for spot, material; a nors of additional Bussian Prices of grain futures closed in in India, following the lower today Wheat closed 1:10 cent purchases at Jainsong 15 lower and soybeans wery Germany and lower Tryckofena

to 14 lower prices, clored crop estimates, added

fren overtone e lindas

Wheat-price per bushel Epot m Beptember December

March

May 191

Spot

Beptembe December March

White pepper $2.78 a pound, forsid 2+4% | arrives at. -around,"

United Prop

HOF Copi