1951-09-28 — Page 9

Page

R. I.

ROYAL

Dale

In Port 20th Rept.

30th Sept.

ist Oct.

5th ter dih Oct.

12th Oct, 13th Oct. 22nd Oct.

Ship

INTEROCEAN

ARRIVALS

TJITJALENGKA"

TJIKAMPEK"

"TAPMAN"

"STRAAT

MAKASSAR” "VAN HEUTS "TEGELBERO"

zirk Oct. 26th Oct.

2nd Nov.

TJIWANGE" "TRIBESAR" "TJIBODAS" "TJIBADAK" "TEGELUERQ" "STRAAT

1st Oct.

ard Ori.

ard Gel,

lein Oct.

1201 Oct. 14th Oct.

17th Oct.

211 Oct.

zail Oct.

4th Nov,

MAKASSAR"

LINES

From

Macassar, Jave Ports & Bingapore

8. Adrien Ringapore

Belawan Dell, Penang, xingapore &

Suljon

'Itolland (Stalden Voyaga)

JAPAN

9. America. 9. Afties, BluzaPOTR

Mi

Macer. Jays Torte & Singapore Гарап

Japan Parts

Java Parts, Macassar & Singapore Japan

Japan

SAILINGS

"TJTJALENGKA” **STRAAT

МАКАВЯЛВ" "TJIKAMPEK"

"VAN HEUTAZ"

"TEGELDERG" "TABMAN" "TJIDESAN"

"TIIWANGI"

"TJIHODAR"

"TJIÐAÐĄK"

"STRAAT

MAKASSAR"

To

Singapore, Java Porta & Machine Japan Porta

Anpan Ports

Singapore, Penang & Delawas Deli Japan Porta

Singapore, Panang & Belawan Dur Afanlik, Singapore, E. & B. Aftica

8. America

Ringapore, Java Ports & Sinensekt

Japan Ports

Japan Ports

Mania, Singapore, 8. Afrien

America

LA.

Ceneral Agents: HOLLAND EAST ASIA LINE

Dato

5th Oct,

11th Oct.

itth Nov.

ARRIVALS

Ship

From

"1100OKERK"

Japon

ARENDSKERK“ "AHENDSKENK"

Europe & Mingapore Japan

2nd week NOV. "KIELORKCHT"

2th Oct.

"OOOKERK"

184h Det.

"ATENDSKENK"

13th Nov.

"ARENDSKERK"

Europe & Singapore

SAILINGS

То

Manila, Singapore & Europe Japan Manjia

Manila, Singapore, & Europe.

KING'S BUILDING CULEPHONĽSIZOROLA STUBLAÐI

Request On EXCHANGES

Tariffs Granted

Geneva, Sept. 27. The 30-nation conference the General Agreement Tariffs and Trade (GATT) 10- day grunted by 24 votes to one, with four obstentions, a United States request for permission to all tariff benefits to Czecho- end sjovaklo,

It was learned that both the French delegates British and spoke in favour of the United States at the conference, which

is closed.

The declaration,

IN NY

New York, Sept. 27.

US$0.04-13/14 7.79-15/14

unofficial

France (mano) West Gorman Holand (guilder) Italy-oficia} Norway (krone) Portugal (escudo)

Deutebemark

145 uid 2.18 anted

2.70-0/16

2.767%

THE CHINA MAIL, FRIDAY, SEPTEMBER 28, 1951.

· Page

Empire Agreement Reached MESSAGERIES MARITIMES

Extra Rubber

For China

Oclombo, Sept. 27.

The Polish ship Mikkie- wicks has increased her Ceylon rubber cargo. of

which she is to take to

China from 4, Communit 485 tons to 5.455 tona.

This will be the first direct consignment of rub. ber for China since the General United

Nation Assembly banned the send- Ing of strategio suppiles lo China fast May-Renier.

Yugoslavia Flirts With Inflation

Belgrade, Sept. 27.

to

On Expanding Output

Of Raw Materials

London, Sept. 27.

25

Representatives of nine Commonwealth nations and over British Colonial territories, meeting secretly here, have agreed on plans for expanding output of certain raw material.

These plans were disclosed at a Press conference after a four- day conference by Mr Richard Stokes, Lord Privy Seal and Minister for Materials, who, as leader of the British delegation, presided over the talks. He gave the following news;

India will turn out more iron ore, pig iron and steel.

of

Pakistan will increase sulphur, to the Commonwealth and re-

the cognised

importance manganese and cotton output.

The Colonica, particularly Commonwealth producing coun- Maloya, will increase produc- tries Increasing their production tlon of tin and rubber.

of raw materials so as to meet the requirements of consuming countries.

Canada has agreed to increase ore, nor production of iron I ferrous

and basic metals chemicals. She will also divert

HONGKONG SHARE MARKET

WOR

SHARES DUYER, SKLLERS HALES INSURANCES

"I noted with satisfaction the Commonwealth that in all

(Our Own Correspondant) countries plans were well ad- In a movo furting with in-more, copper to Britain.

vanced for expanding supplies

Business done on the Stock flation hard-pressed Yugelavia

Australia has agreed to In of cortnin materiale which

Exchange this morning soon will boost wages general-

in particularly short

copper, zine, valued at $488,355. Noon quota- ly, abolish rationing and pro-crease its production of copper, were mote a bonus incentivo systom lead, zine, steel, and aluminium, supply including

tions and the morning's transac- tungsten, manganese and nickel.tions: Now an farms and in factorles

Zealand wüstep up

"In these materials, the Com- production of pulp, timber and elicourage production..

monwealth mado a substantia The action will affect direel-newsprint,

contribution not only in meet- ty the pocketbooks and dinner

South Africa, producers of ing its own needs but those of tubles

Communist of this

to increase the rest of the world as well. country's 17,000,000 inhabitants, gold. has agreed

production of phosphates, TC-

Nevertheless, a great deal more It is bound to reduce the value

be done, and is required to of the Dinar, now rated offcial-ned oll, and insecticides.

could be done, but the material factor towards achievement was the provision of capital equip- ment without which, in fact, no early incrense could be ob

is al-

ly at 50 to the U.S. Dollar, on Southern Rhodesia has agreed the world market,

to increase coal supplies and blueprint of the plan, com-transport facilities, and A blu

Yugoslavia's rendy doing so. pletely reshaping economic and financial struc- ture, has been under prepara-

19

It wHI mean that Northerntained. llon by Premier Marshal Tito's Rhodesla will be able to pro- economic experts for sixduce more expper.·· months. A final draft will be submitted to Parliament for rertain approval.

B

Some of its provisions remaln #secret but unofficial estimates huve ranged all the way from a 200 to 500 per cent jump in Da to offset basie

wages

increase In heavy extremely

bound food bills which is come with abolition of rationing of basle foodstuffs at low cost. Yugoslavia has been operating two-price system-a under a

market and a "free"

DETAILS SECRET

Southern Rhodesia will also Increase the production af tungsten, chrome and asbestos.

Production of copper and sulphur will also be increased in Uganda, and it is planned to produce more nickel in Tan ganyika.

Other planned

were:

increases

"It was agreed that arrange- ments should be made for the pracheal measures necessary for these developments to be pur sued in discussion between in- dividual countries.

Union

Underwriters

KK Fir

Docks. ETC.

K. Where

Dock ... --- Provident

S'hat Dock Wheelock LAND, ETC.

BK Hotel IK Land XD

MOM

Arriving

***LA MARSEILLAISE" ..Oct. 20 .....Nov. 11

* "LES OLIERES”

*"LA MARSEILLAISE"

OVONNAX"

"MONKAY"

Leaving

"Outward "Fór'.

Ort. XL Yokohama & Kos Herij 17

Oct. 23 Nov. 2

Ori. 23

Nov. 2

.Nov. 21 Nov. J

* passengers & freight

Homeward For

N. Africa Europe

Manila, - Raigon 'A'

Marselilo

N. Africa & Kurope

† freight for Saigon, Port Sald, Tunis, Algiera, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp &

Rotterdam.

Subject To Change Witbaut Natica

CIE DES MESSAGERIES MARITIMES P.O. Box 68, Hongkang -Queen's Building (gr. floor) Tel. 20061' (3 lines).

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO: NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vis SAN FRANCISCO. LOS ANGELES AND PANAMA.

NEXT SAILINGS ·

·

50 @ 755

149 143

N. P. Whart 0,00 7.05 0300

700

2000

M.S. "TREIN MAERSK"

Sept. 30

1000

300

8.00

M.S. "PETER MAERSK"

Oct. 16

19

M.S. "NICOLINE MAERSK"

Oct. 31

24

100 14.30

200 141

21

2007 28

ARRIVALS FROM U.S.A.

4 0.40 50 51%

M.S. "LEXA MAERSK"

Oct. 18

400 ft

000

M.S. "ANNA MAERSK”

Nov. 14

1000

Dec. 2

S'hal Land 1.05 UTILITIES

...... 16.30 15.60

100

16.10

1000 or 15.00

500 131

1800 GP 1

500 15

204

1000 0.65 1000

8.68

800 8.00

500 $15 -1500 £ 8.40

Pedder Building

1

Star Ferry

C. Light (0) 8.40

C. Light (N) 51% 5.45 68 1 5.40 2000 5.40 1000 3.40 1000 3.40

CAPITAL NEEDED

"The meeting recognised the need for continued and increased supplies of capital and other essential goods both for the cconomic development of Com- monwealth countries, having re- More cotton from British gard to their, diferent stages of West and East Africa and the development, and for stimulating which they op and

Sudan, and more copper from the contribution variety

could make towards Increasing British East Afrien Government-issued coupons en-

Mr Stokes did not give dosyppiles of raw materials. large holders to titling their

"It took note of the fact that price reductions on goods pro talla of the target figures för

the That projected increased production

limitations which duced by State worker,

progress of rearmament various periods for the maxi includes almost everything ex-plans, nor did he say what the

present shortage cept food grown by independent mum implementation of these and the

mum

The details are certain materials imposed upon

the United Kingdom's exports INDUSTRIALS

peasants,

a

of

would be, secret.

Canada (dutlari England-ocial

30-day futurex 90-day futures

Australia (pound) ....

1.22

of

New Zealand (pound

2.2012

un

South Africa (pound)

2.00

Belgium (trana)

0100

Denmark (krone)

1455

.0025**

4.25

2630

.110074

.1100

.0348

Spam perola)

0265

Sweden Ikrone) Switzerland-free

.0035

2407

MIDDLE EAST

Icon triati

Egypt (pound)

1.0812

03123

(dinar)

2.01

Turkey (ra)

5375

LATIN AMERICA

Argentine-mcial

0710

problems

-Brazil --(oruzeiro).

Bolivia (bollviano) Chile-free

0150

of supply and demand.

interest.

0100

Columbia (preso)

4024

a

In change

Cuba peso) ...

1.00

of the for Dinor for foreign currency

the value

Mexico (perDI Poru-free

3155

two reasons:

Uruguay peso)

.4073

Venezuela (bolivar)

2003

FAR EAST

India trupee)

Pakistan rupee)

adopted by both frees the conference Czechoslovakia and the United

States from their mutun Agree

tions under the General ment by which all member na- automatically enjoy the -tions-

tariff benefits of

concessions ted by any one member to granted another.

A

Speaking after the vote, Mr Tauber (Czechoslovakia) protested against the conference's ticcision.

H Government would not

its validity continue

udmit

and they to grant most

nation privileges

to Hongkong Singapore

Netherlands East Indian

the United States.

Mr Willard Thorpe (United States) declared that he did not wish to be drawn into a political discusion and considered the maller closed.-Reuter.

CAR

OUTPUT DECLINES

Detroit, Sept. 27,

this vehicle output Motor week will drop to 107,882 units. Automotives News estimated to

· day.

Japan

DINAR'S VALUE.

In a double-barrelled

despite

the

C. Light (B) BIG DAD (132 k+ #015

200 @ 2.40 380 4 8.30 500 @ 3.30

of

Electric X.RTS 21 2144

(Rights) 10% Telephone

230 à 213%

100 m

་་

100 1413

Mr Stokes said that various in this field the United Kingdom move, Ministers and representatives hoped to maintain these exports the new plan is designed to slay had also had the hydra-headed coupon mon- bilateral ster and restore Yugoslavia to a cussions outside the conference one-price financial system based on various supply and produce ingineral terms, upon the law tion

t is obvious this will require

away

2103

2030

.1735

3040

3303

300 yen to $1 United Pres

Weekly Bank

Statements

London, Sept. 27.

The Banic of England state- ment for the week ending September 20 reads as follows: Notes in circulation. £ 1,348,903,000 Publie deposits Private deposits Government securities Other securilles Bernipts

The decline from last week's 120,427 vehicles will result the closing down of as- sembly lines by several of the Bank ratio

from

car

makers. The trade paver

counted 81,912 cars and 26,070

trucks in this week's output.

Overall,

Automotive

News

reports, the Industry fell about

17,843,000 381,030,000 310,033,000 45,150,000 B2,419,000

United Press.

'BANK OF FRANCE

Parls, Sept. 27. The Bank of France statement

of

mutual

inculties were likely to bear

want

1000+

1514 13.00 200 13.00 100 13.80

Cement

10

STONES, ETC.

Dalry

WALOm

....... 17.10 17.38 500 1.33 1000 à 17.55 ..... 2115 20 130 Crowford 2013 2012 2000

300 #

800

COTTONS

2,00

1300

3

more than 20 at the 1050 level.

tip- .and separate

"It was also noted that the present

supply causes of

less heavily upon the exports consumer of United Kingdom goods, supplies of which In Common- parts of the many

im- ussisted in the

standards in-

"Arrangements were

agreed upon for the fuller exchange of information and for facilitating the deliveries of United King- dom exports to Commonwealth countries," the communique concluded,.

EWO

M.S. "LEISE MAERSK"

For Freight and Further Particulars please apply to:--

AGENTS:

JEBSEN & CO.

NY Cotton

Tel: Nos. 30066-9.-

TO TAKE

Runs Into LESS FROM

Opposition

New York, Sept. 27. -The cotton market ran into the suffest opposition since the started a fort-

bull movement

night ago,

But at tho

close the market

was very steady,

dealer was active with estimating the volume at upwards of 400,000 bales, com- pared with €32.000 bales done on Wednesday.

The Rubber determine

Markets

Prices

London, Sept. 27.

JAPANESE

Osaka, Sept. 27. Australians will buy less Japanese goods during the coming months, in the opinion of Japanese ex- porters here.

Since last January, Austra-

imports from an

Japan generally have been on the in- crease, umill recently, when they began to decrease rapidly.

2

Japanese exporters here sald

cutbacks

now

Australian

Market experts are trying to whether the "un" has come or whether prices are merely in the process of con- purchases from Japaat were solidation afler five days of most notable in steel and fron products such as galvanised exclled advances.

sheet iron, which the Yawato- Some observers felt that to Iron and Steel Works offered to a natural sell at the reduced rate of $315

ciny's

reaction

is

of rubber futures technical development,

"GENERAL" AGREEMENT

An

communique, wealth official on behalf of the con- provement of living alinost cer Issued (1) The plan

ference by the Treasury tonight, and served as a necessary tainly will bring an increase in

and frighten stated that the purpose of the centive to production, prices generally

WIS to exchange trade the country conference tourist needs unless exchange rates are news and ideas on the prob

Iems that faced the whole revised; and,

(2) Since most of this coun- Commonwealth on the produc- ry's foreign trade is based upon tion and exchange of both raw and manufactured goods, the materials on exchange of increase in prices will require & goods. revision of the Dinar's purchas- The communique said, "The

Mr Stokers bid the Press con- closed today as follows:- ing power in markets where the meeting agreed that if its efforts

already has

to provide standards of living ference that all the delegates Number rubber, in cents stabilised.-Associated Press.

inside and outside the appreciated that the raw ma- October

were not to be terial and capital goods problem November Commonwealth

equally im- was a long-term one, impeded. It was portant both to ensure the con- He added that the conference January/March (1052) tinuous development of supplies | had not been convened of traw materials to keep pace prices for raw materials. with the expansion of industrial capacity and to maintain a free Bow of exports of capital goods and other essential manufacTM tures.

currency

been

Food Index Up In U.S.

one

both

NECESSARY ACTION

the

per lb.

December

October/December

April/June

to fix

+

Number a

Dolaber

November

September Number

Beptember

47:49

4844-47 45+48

of the

The market opened up 12 to per ton FOB Yawata.

points, It

dipped to However, the offer falled to losses of 12 to 35 interest Australian importers. maximum

same circles estimated The that monthly amounts of Aus- Aralian purchases from Japan tho January-August during

SU

3

4313-4212

Bpot

points to close 22 lower, to 1 point higher.. Prices closed today

follows: 4135-4214

October United Press.

December March (1952)

38.03 37.36

37.20-37.27 37.14 United Press.

period were as follows:

January

10,940 tons

February

14,948

March

23,070

April

19,935

Moy

20,791

rubb

rubber,

153-15514 1825-15

14044-10015

144-145%

1381-1301

Grain Exports By U.S.

June

22,217

July

24,597

-28,62) 4

-United Press,

18445-10512 110-116

SINGAPORE MARKET

Singapore, Sept. 27. But he said that it was neces Prices

rubber futures of sary to stabilise raw material closed today as follows:- at reasonable prices so as to Number 1 rubber, per 1. New York, Sept. 27. "It was generally agreed that

Beptember [prevent infintionary tendencies, food Wholesale.

prices, as the International Materials Con-

and promote more orderly buy by the Dun and farence (at Washington) was do-avoid "smash and grab" tactics measured

work in carrying | ing. ... Bradstreet Index, edged slightly Ling valuable 13.1 higher.

index advanced out the, functions for which The

Ho .assured and that it should

visiting Number one cent to $0.78 and compared was set up

und continue to receive the support Ministers with $6,61 a year ago.

representatives

September British the of Commonwealth countries both that the

Government Anot rubber,, unbaled- Agure represents Tho

in

co-operato in the im- Black crepa arranging measures for doal would total cost at wholesale of

No. 1 palé crepe pound each of 31 foods in gen- ing with current shortage and plementation of the conclusions allocation problems and for such reached by the conference and eral use.

Index

that the work of the of $6.77 other matters as might be agreed added Last week's was the lowest since last No-o be appropriate.

| conterince_now really began. Ten of the foods vember 20

"Pakistan and Ceylon, not

He disclosed that sentor: Bri- were higher in being members of the central| represented wholesale cost this week corn, group or of any

Comish representatives would short- or the vyo, cats, barley, hans, lard, modily committees of the Inter-y make visits to various Com- monwealth countries and areas and national Materipla 132,000,000,000 butler, peanuts, currents

expressed no views on this sub about implementing the various 507.406.579.146 hops,

for praduation or pians wheat, ject. 1,742,031,520,000

lower: Five werO

crensed production of several sugar, cocoa, eggs and steers.

etrategic and source materials, Associated Press.

Mr Stoker stated that this

31,000 short of attaining its for the week ending September third-quarter quota of 1,200,000 20 reads as follows: passenger care.

For

cars

currencies

191,448,070.920

230,085,662, 351

Total gold holdin, gem the first nine months of Total of ather this year,

the paper rays. 4,268,858

and 1,130.787 Sight balance trucks were built. In the like Advance to currency

riabilisation fund perlod last year, 4,991,228 care and 1,007.080 trucks were pro- Dille discounted in France duced-Associated Press.

Slow

Market In Pepper

abroad.NCL

and abroad Notes in drculation Current Accounts and

deposits

150,827,771,503 -United Press.

Textile Market Improves

New York, Sept. 27.

The cotton textile market dis- played a better tone today. The

Japan Issues Mixed

Conference,

PRICE FLUCTUATIONS

In-

JED-163

United Press,

LONDON TIN MARKET

London; Sept. 27, Prices of Un closed today at the end of the official morning session as follows:-

pottin, weilera #pol tin, buyers

wore Three-months Three-months

Settlement

tli, · buyere, 1230

allerg

020-010

*Unlied PreEK.

Exchange Rates

Binen

י.

Washington, Sept. 27. The Agriculture Department

today.

United the reported States

103,410,000 exported bushels of grain and grain pro- ducis during July and Augurt.

In the Enme months last year exports totalled 05.137,000 bushels.

Wheat made up the bulk or the shipments, toiniling 74,012,-. 000

bushels

compared with

August

Quicksilver Prices On

The

Increase

New York, Sept. 27.

Quick liver was quoted...'at

33,140,013 bushols in a like $216-8220 a flask (70 pounds): period a year ago-Associated on Wednerday, an Increase of

$8-810 over P

late lon Press.

wock,

Sollers zaid quicksilver_salds Thad improved

markedly during the past two wicks and that as prices firmei some offerings had been withdrawn from the markot by holders speculating Tokyo, Soph 28, on "still-Nigher quotations, Hisato. Ichimada, Governor of Substantial resale amounts the Bank of Japan, today pre- which had been a drag on the

JAP BANKER'S FORECAST

dicted that the export of Lex-market for some time now have

"It was agreed that in the in- terests of the attady, and long-was the first time representu-unes done at alan yil nit terin expansion of raw materials tives of Colonial areas production and of maintaining present at a conference of this Businew done s sound and stable

economy in nature. New York, Sept. 27.

* Though they wore advising Mr both producing and consuming Spico dealers reported a slow

there was need to John Dugdale, Minister of Countries situation in the pepper market

avert violent price Ductuation State for the Colonies who was Now York, Sept. 27, despite firmer cables from Lon.

the numbers of the don and India. Dealers sold

Japanese bonds were narrowly This applied not only to

but also quiet prices of raw materials

tiles, which consituto more been liquidated, other sources thure of most people hold to the side sharp advance in cotton caused mixed in a relatively

of manufactured goods delegation, several of them

than 50 per cent of the export said, and Japan recently bought dollar section of the develop sono mills to ruine prices. In- foreign. lines, awaiting new

The

range of prices and purchas spoke on various supply and wholela

list, might show a declino in

about ments,

werd quiries from buyer, secondokya tertric Lights dropped ing arrangement should be much production problems in thels once per 15.1 pepper was avaliable at and at the, same: une second- Spot

world production xpected to

fox put the re-opening $1.10, October delivery at $1.09, hand offerings tended to dry up. th on the sale of 30 bonds, would encourage long term own territorios, tijelu Vellar) Umm, 13

In the US. corporation section production without discouraging Anxieties about various indane uilders (per 100) -..

bilateral trading arrangements Unsspores (8) Waits)

He made this statement at a oliom high,coat ...domsačku... November at, $1.67 and Decom-

· Pakistans "rei. consumption. The wool goods market con- most prices declined.

The post. between » British bor at $1.05 a pound, on an ox

and other rice plistreer (per 100) 44,17.65 meeting of the Japan Chamber mercury-niirits inclitornin quint but sentiment United States Government | presentative

Commonwealth countries, were more and state park

of Commerce and Industry. Texas and other Western She dock basis. In the shipment tinued

The heavy chemical Industry which ordinarily cannot compete market, December delivery was among some dealers was moro issues armed somewha!" "in late

London. 27 would come to the fore, ac #gainst nippiles fromsilly an downward trans in avidenco a January at $1.04 and January in raw wool markets abroad.

The financial Times: dally, In-cording to general indications. Spain, the angler, world'

United Prest. February-and-January/March at The raren goods marin was the last one eations related combifier of increading sup for stabilising price levels werd

dox:: 184.8mhasociated Press. i piles of raw materials available made at the talk $149,-Jaited Finsk,

gluggish-Amrocisted Press

་ ་

Electrie:

his

on

Indicated: at $1.57, Decémbar/. cheerful based da; a better, tone | trading to tosint the conplatent LatskelleKOTIINKATOviewed?' the No: "cut: and dried", prODOBRÍA,

wis done: “in the lineal axchanie, market this

(21) MILAN 16.4%

future beccuse for Increased | Rd, Igbo M

more