1951-10-19 — Page 9

MESSAGERIES M

THE CHINA MAIL, FRIDAY, OCTOBER 19, 1951.

MARITIMES ECAFE'S PROPOSALS FOR

Arriving Leaving

*LA MARSEILLAISE“ .OR

"LES GLIERËS”

**OTONNAX"

M

Outward For

30

Oct. 21

Yokohama & Kabe

.Nov.

Nov, to

Homeward For

--Det 24.

"LA MARSEILLAISE"

Nus

Orl

Nov.

27

3

"MONKAY"

-Nov F Not. 24

passengers & freight

N. Africa & Ritope

Bonita, Balgon &

Marselles

N. Africa Europe

t freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp &

Rotterdam,

Subject To Change Without Notiro

CIE DES MESSAGERIES MARITIMES

P.O. Box 63, Hongkong

Queen's Building (gr. floor) Tel. 26651 (3 lines).

M.V. "LA MARSEILLAISE"

will suit for

MANILA, YOKOHAMA and KOBE

FF1

Atlantic Freight

Rate

Increases

New York, Oct. 18. Freight rate Increases averaging 10 por cent wil go into effect next year on steamship jines operat- Ing 09

the Atlantic be-

South tween North and America

A spokesman for the companies sold the step Whe taken because of steadily rising operating costs. ----Associated Presa,

AMERICAN

TAX BILL

PASSED

Washington, Oct. 18.

The Senate today passed and sont to the House a new corn- promise $5,601,000,000 tax in- crease bill.

Smale passage by voice vote came within a few hours after a Senate-House Committee had made sight revisions in the

was rejected by the House or Tuesday, 203–157.

EXPANDING TRADE

IN ORIENT

Singapore, Oct. 18.

The Economic Commission for Asia and the Far East (ECAFE) trade conference of 28 nations Delegates adopted a and colonies ended today.

long list of recommendations for streamlining trade machinery and training salesmen.

Order To Railroad Company

Manila, "Oct. 18.

The Court of Industriai Re-

Government-owned Manila

The report of two conference committees de-tations today ordered the clared a build-up of efficient trade personnel is a Railrond Company to pay $88,- vital factor in expanding and improving commerce 000 to group of discharged throughout the Far East.

The report recommended that ECAFE countries seek the aid of the United Nations technical assistance programe, American technical aid, or that offered under the Colombo Development Plan to implement courses for training expert salesnen,

HONGKONG SHARE MARKET

The conference agreed that the slashing of red tape and speeding up of vises for busi- nessmen would stimulate trade. Recommendations for improv ing trade machinery included fuller marketing and distribu- tion of reports, the establish- Exchange this morning was ment of regional trade direc

Noon at $384,630.10. tories and the staging of more quotations and the morning's

(Our Own Correspondent)

Business done on the Stock

valued

Sunday the 21st of October, at 10 P.M. original draft of the bill which fairs and exhibitions with a transactions:

Passengers are requested to board the vessel with their Cabin baggage on Sunday the 21st of October between 5 P.M. and 7 P.M. Baggage Room and Hold baggage will be registered at Kowloon godown No. 50 (No. 2 gate, Canton Road Entrance) on Saturday the 20th of October between 9 A.M. and noon and 2 P.M. and 4 P.M. No baggage will be accepted for registration after this time.

CIE DES MESSAGERIES MARITIMES

Queen's Bldg.

P.0. Bux 53, Hongkong

Japanese

Trade

With P.I.

Manila, Oct. 18. Japan jumped into the No. 2 spot in Philippines foreign trade in the first

half of 1951, the Bureau

Tel: 26651 (3 lines)

EXCHANGES

IN NY

1'and doMari Roland—

It calls

for slightly smaller boosts in individual income taxes than did the measure the House rejected.

arc

BANKS

5 @ 1530 201530

perinanent exposition of com-SHARES BUYERS BELLERS SALES mercial products of countries in

HK Bank

.. 1825 1540 the ECAFE region.

East Asia .1231⁄2 INSURANCES

Undan

740 Underwittere

workers.

The Sum

Date

In Port

LIL

Ship

"TARMAN”

STINERARI "TEGELBERG"

STRAAT

ARRIVALS

MALAKKA" UTHTJALENGKA"

In Fort

230 Det

25th Oct.

30th

Oct.

2nd Nov.

13

9th Nov.

Nov.

"TASMAN "TJWANGI"

17th Ort.

23th Oct.

and

OCL.

Է

by

represents wage differentials, gratulifes unpaid sick leave claimed 100 employees who were dlɛ. charged earlier this year in a drastic all-round reduction in staff and expenditures as a re- sult of a deficit, in income.

The court on August 16 re- cognised the workers claim and ordered the railroad company to pay, but delayed action follow- Ing an appeal by the company for reconsideration

on grounds of insolvency.

The petition subsequently was rejected and the company was ordered to deposit the amount In court-within a period which expired on October 16.

The court this morning issued a writ of execution on "goods. chattels and any movable pro- perty belonging to the comm-

pany" following a motion filed yesterday by counsel for the

1.34 1.50 506 @ 1.30 employees to invoke the court's earlier decision Associated Press.

4,70

HK Fire

140

Agla Nav DOCKS, ETC K. Whart

100

N. P. Whard Docis

6.80 600 6.75

18

Provident

14

S'ha! Dock

Wheelock

4.75 6.10 3000 @ 5 201

Hongkew

0.20

LAND. ENC

HK Hotel

5.00

おす

The conference said the pos- sibility should be explored of holding meetings of governmen! That change and several other rade representatives to from outsTUPPING minor adjustments cut the summercial problems and to <stimated yield $41,000,000 afford all countries overseas below the original measure. Trade representation. However, the

bills 1wo alike in their outlines.

The House plans to act on the Democratie new bill tomorrow,

they had leaders there sud picked up some voles and were reasonably confident the measure would EN passed.--Associated Press.

Allocations Of Sulphur

Washington, Oct. 18. International Materials The

today Conference announced worldwide allocations

of

New York, Oct 18.

US$0.05-3/16

2.715/10 2.30 bit/sulphur for the fourth quar er 2.33 a eu of 1951.

unofleti

30-day futiaren 90-day futurea DYLANICINĀŠA ipound) New Zealand (pound) South Africa (pound) Denmark

Belgium Hraner

{erunci Founce (from)

of Census and Statistics West German revealed.

showed

The Philippines decrease in its total unfavour able ta uch balance with delles of $38,661,000 in the fra hall of this year as compared w aufavourable trade balance

(13)

Deutchoynark

Sweden (krone; Switzerland-free

The conferces also recommend- an ECAFE secretariat with headquarters in Bangkok, Thai-

and.

to assist the member- governments by undertaking commodity studies to assess the possibilities of creating markets

TRADE CONTROLS

new

For expanding trade, the con- ference

endorsed generally multilateral treaties as opposed to a bilateral plan advanced by Russia's delegation.

It declared efforts should be made to develop a convention for the simplifying of Customs régulations and procedures in all countries.

HK Land

S'hal Land

Humphreys UTILITIES

Tram: Peak Tran

(0)

Star Ferry

600 on 58%

3000 G6

1000 et 6

800 en 5132

2.03 2.15 4000 @ 2.10

11%

16% 10% 2500 ₫ 18%

2283

CLM (0) 8.38

95% 3000 m

50 m 112

C.

ht (N)

9.15 06.10 1600 @ d

9

9.15 500 830

23 400

C. Light

Electric

@ 239:

The conference report said STORES, ETC. there seemed to be no possibility

206 @ 21 14.80 19% 3000 @ 18

14 14.20 500 13.00

600 #14

20

17.80

-18 2200 # 173%

200 17.80

Goa Mining Project

Bombay, Oct. 18.

A Japanese mining company

an agreement

has concluded

the Portuguese with a firm in colony of Goa, 300 miles south of Bombay, for the mechanása- tion and development of the ron ore mines..

This mechanisation, estimated to cost £600,000, is expected to increase output from 200,000 ions to one million tons areal- ly.

Telephone INDUSTRIALS

Cement

Repe

Dairy

500 17.00

paper

The allocations, totalling 1.467,818 long tons, were commended by the IMC Com-strengthening of national mittee and were accepted

Watson Sinceres COTTONS

Ewo

Sub: 17.

***

3.10

30 @ 3.30

be

6.20

81 1700 € 5

re-

also

recommended

the аг-

1100 5.15

1500 6.10

by

Entertai ment

all governments represented on the Committee except Brazil.

They compare with fourth quarter allocations last year of 1,415,400 long lane.

The import and export quotas were set this year at 278.500 long tons which compares with 286,400 last year.

2.78 3.73% 2.18

2.70%

2.00

.03081

1405 .0028-B/18

4.20

Holand unders taly-melu}

2030

41009

Norway (kroner

.1495

Forlaget (excudo)

,0340

Spain (pereta)

0212

0035

2202

MIDDLE EAST

2.0014

:

2.81

.6376

.0710

0550

.0150

4025

100

.1155

United Press.

.0055

the first six Venezucia bolivar

.4150

.2003

FAR EAST

in the India (rapec)

2300

2030

.1756

Egypt (pound) Iran (la) Iraq diner) Turkey (dira?

of $48,967,000 in the same period last year, the report shows.

The report revealeri strong

LATIN AMERICA increases in the values of both Agentze-ohemi

exports and imports over last Braz (oruzeiro

Chile-free year's Brst half, and 1950 ex-

Columbia (psu) ports were $140,778,000 com-

Cuba pesoj pared to $243.605,000 in the sune Mexico (pesto period this year. Imports were Peru-fre $204,844,000 for

months this year compared to $129,743,000 last year

same period.

Uruguay (pes)...

Pakistan rupee) Hongkong While Japan's import and ex-

Indoorsia port trade with the Philippines Singapore was 17.19 per cent of the total, Japa compared to the United States

with 67.34 per eent, it WAR more than twice as much as any orer nation.

The

2940

Export quotas for the major countries;

United States 240,000 Jong Iona, compared with 250,000 last year: Italy 15,000; Norway

Mexico and

5,000- 18,500

WAGE

BASIC

INCREASE

.3305

30 yen to US$ United Prese.

The

of totally abolishing trade and exchange controls, but it urged the governments to cut work.

bltration associations to handle SCELLANEOUS trade disputes.

The conference suggested that the member-nations speed their own capital "development and freely exchange information on supply and den and for goods and wherever possible try new :ources to import what

ceded.

Philippine delegate S. R. endinueto invited the ECAFE trode experts

their to hold next

Manlin.- conference in

Associated Press.

they

Five Years

Ahead

New York, Oct. 18

15

300 @ 5.20

3rd Nov.

4th Nov.

20th Nov.

*STRAAT

MAKASSAR".

"TJBENAR"

"TASMAN" "STRAAT

Page: 9

From

Belawan Dell, Penang, Singapore &

Nalgen

Japan

Зарап

S.. Amerira, Africa & Singapore

Sneaksár, Java Ports

Japan

Japan

Macassar, Java Ports

SAILINGS

MALAKKA" "TITJALENGKA"

STRAAT

MAKASSAR”

“TJIWANGI"

TO

Singapore

& Singapore

Manila, Ringapore. E. & 9. Africa

& 8. Amèrica

Japan Ports

Japan Porte

Singapore, Java Poets & Merassar Maulla, Klarspora, 8. Africa 4. 8.

America

Kingapore, JAVA Potis & Маслянаг

General Agents: HOLLAND EAST ASIA LINE

Date

ARRIVALS

Ship

5th Nov.

PARENDSKERK” 2nd week Nov. “KIELDRECHT

"ARENDSKÉKK" Pth Nov. 2nd week Nov. "EIEŁDRECITI“

JEBAN

From

Europe & Singapore

SAILINGS

TO

Mana; Singapore & Europe kupan via Manfia.

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

M.S. M.S.

NEXT SAILINGS

"PETER MAERSK"

"NICOLINE MAERSK”

M.S. "SALLY MAERSK”

ARRIVALS FROM U.S.A.

M.S. "LEXA MAERSK"

bo

M.S. ""ANNA MAERSK" M.S. "LEISE MAERSK"

The project is understood:

sponsored by the Japanese Govemment and the Supreme Command, Allied Powers.

Twelve of the 42 technicians

to be tent by the Koran Mining 250 151 Company of Japan to aid in the development of the scheme are expected to arrive in Goa next month.-Reuter,

Weekly Bank Statements

London, Oct. 18.

The Bank of England statement

for the week ending October 17

reads as follow:-

sfates in circulation

Publio deposits

Private deposits Government securities..

üther securities

Receipts

Bank ratio

€1,549,238,000 19,708,000 403,785.000

Britain To Buy Wool

London, Oct. 18. Britain will extend her stock- pile of Dominion raw wool in 350.281.000 the current season ending June 29.056,000 1952, according to on announce- 41,042.000 ment by the Ministry of

-United Prem.

BANK OF FRANCE

sendes

12.2

3,107,814,280 127,015,100,856

Paris, Oct. 18. The Bank of France statement for the week ending Ontobe: 11 Britain bas paid back, abou¦ ¦ reads as follows:- US$400 million borrowed from Total gold holdings Fra. 101 448,628,920

Wartime Reconstruction Total of other cur Finance Corporation nearly five sight balance years ahead of time. New York Advance to currency stabilisation fund papers reported today.

Bille discounted in

(France and abroad Notes in circulation Current accounts &

deposita

the Melbourne, Oct. 18. CHILEAN RATES

average basic

wage in Australia will be £8 sterling Santiago, Oct. 18.

frum the first pay periodin Chilean Government is November

under was accomplished attempting

a quarterly This trade

to simplify Its

cust

Increase of living through the medium of an foreign exchange rates in an

nounced today by the Federal agreement with SCAP Experts attempt to trease imports and

Arbitration Court. expect Japan's volume and percentage of participation h

exports.

an-

The loan, made in 1941 to finance armament production for Britain in the United States, had not been due for settlement until July

1956, the papers said. The increases will add an Collateral was given in the form

Philippines trade to jump sharp- The Chilean peso is subject to ly once the peace treaty signed several rates of exchange de-estimated £40 million sterling of various British securities held in September pending upon the type of pro-to the payroll of Australian in the United States, which have

in San Francisco

The basic werkers.

wage is steadily increased in value since The Ministry of Economics is based on the cost of living for the war.

three months as The earnings from thes? studying plans to eliminate most the previous

is ratlled and normal and duct imported or exported. diplomatic contact is 50- established-Associated Press.

PAKISTAN TRADE

Tokyo, Oct. 18.

Jiji Press said today that the

Japan-Pakistan Trade Agree New York Sugar

ment, which expired on Sep- tember 3, will be extended to cover the months of October through

December pending

conclusion be

new pact citer-V

tive as from January 1, 1952.

The news agency also cinimed

Materials.

mode will be Purchases evenly throughout the period and will be kept the programme

review under continuous the light of developments In the wool market.

in

In view of the relative small- 132,000,000.000 mess of the quantities involved and spread over grades and 583,694,149,178

it is not expected that 1.818.994,803,670types

the purchases, will cause any 167,608 300,440 | disturbance.—United Fress. United Fress.

Rubber Futures In London

London, Oct. 18. of rubber futures closed today as follows:-- Nunber 1, rubber, in cents

of these discrepanicles-United shown by figures gathered by securities was believed

Prices Commonwealth statisticians from been used by Britam to pay off Press,

wages paid to all workers the loan. under State Arxi Federal

Originally the Corporation had + pledged awards.

US$425,000,000 Di Britain used slightly less than Pay in various industries | US$400 million. Reuter. carried a fixed margin. whatever la declared a basic wage--Reuter.

to have

per

November

December

Jabmry/March (1992)

SOBER TONE IN LONDON

Futures

New York, Oct. 18. World sugar futures closed to-

to have learned that Japan had day 2 to 7 points lower, with

sales totalling 110 contracts. arranged to buy 200,000 bales of

Contract No & closed 1 to 11 Pakistan raw cotton during the three months to be covered by points lower, with sales totalling the extended pact. United 284 contracts. Presa.

Economic

Chief

Priecs closed as follows:-- Contract No 4 (world)-: Jenuary (1062).......... bað nominal March

6.10 bid May

September Spot Saigon, Oct. 18,

Contract Net Mr. David Williamson, G6 January (1922)

March year-old. retired: American foreign service officer, arrived July Here by nie” fodný charge of the United States: special economie ald mission, in Indo-China, No Me Williamson Fucceeds. Mr. Robert Barn, who

Beptember

to take spat,

Is rebuming to Washington s

8.10 bid

5.10 bid

OVLI

Peru's Cotton

Exports

London, Oct. 18::|

April/June

{July/September

New Orleans Cotton

New Orleans, Oct. 18. Cotton futures closed 55 to 65 47-48% cents a bale higher.",

4712-74 Close:

444-48

4 December

· 43 jam.

March

May

United Press.

BOND MARKET

tist: while most

0.10 bid 4.25

against "787,231 in the samend chalked up going?olgás much i dober tection Price changes perlock in 1950, according to 9.30-5.37 traded the Cotton Chamber of the o 5.42 bid

United States. 44 พ 6.34 bid

New York, Oct. 18. Declines predominated in the Corporate bond market today as New reports of disorder inmerous losses of a point or trading volume was moderate. Egypt dampened, buying, ardour Linia, Oct. 18. on the London Stock Exchange more were spread through the Peru's colton exports in the today, first eight months of this year

British Government bonds were fractionals of the gains totalled 799,230 hundredweight profitted by a steady flow of Japanese bonds were: Strd- hliber in the forelim "safety are investment money

ranged from down a point to up Industry and soll does were 116 on small holde Italian Issues

Forgian Bonds were were mixed belated Press poorly

losses through much of ther

The Financial Time Index of Louidor utocis was

0.57 nominal

United Pressk

Britain continued. As the best hregula opoffed, and closed

With

customer

$882,344- hundred- weight from January to August this year, UNFT S40,407; In the Hap same period.

Bol Jart year. Bel plum occipfodts: pécond

New York, Oct 18. with 98,10 Omar

pláca

rance

Prices in the needs and olla) were tha%2followford Tuntisen: "15527-Aapóciáted Fresko

York Block market picond

seline head of the Far Eastern market olowed today unchanged 44,830): India-48,818 melon of by the my Arnerican with the fallow location: 638, at 10ste dag water and fourth and

wiped out a minor thin lf Die

nge Rat

28.01.

30.70-77.

· 35.68 +07 15.10.08 July

28.00 bid October Spot cotton closed 75 cents a bale higher, Middling

$36.85, Associated Press.

JAPANESE IN MANCHESTER

Manchester, Oct. 1870 chiet of the Japanese Government's overansedy Clausee polley and In

(1

terru

In Port

Oct.

31

Nov. 15

In Port

Nov. 13

Nov, 30

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Ballding

Tel: Nos, 36066-9.

PATTISON ORIENT LINE

LIMITED

*. *. “LAURE PATTISOŃ"

Die Frams

In Port

Balls Fors

DIRECT to Pusan &

200h Japan, Oct.

Tel: 25846.

12-14 Queen's Road C.

Chinese Agents:

OVERSEA CHINESE STEAMSHIP CO, LTD.

48 Bonham Strand W. Tels: 25646, 26127 & 81119

NOFICE TO CONSIGNEES NOTICE TO CONSIGNEES

1/v “KIRETEN MARBSK":

-MAERSK LINE:

¡m/ "LEXA 'MAERSK”

having parived from Karachi and

having arrived. from New York and Bomber Consignees of Cargo, are hereby noted that thake goods are Ports of cell, Consignees of Cargo being landed and, placed at their are hereby notified that their goods risk and expense into the Hungkong are being landed and placed at their and expense into the Hong- Kowing Whert & Godown, Com-rak DRDJ's godowas: at. Kowloon, where Kong Kowloon Wharf & Godown Kowloon, Company's godown delivery may be obtained" as soon

as the goods are landed Kayak where delivery may be obtained яi,

Optional cargo will not be funded as the goods are Linded.. tere, unless notice has been given 15 hours prior to vessel's arrival, but carried or from port to part to the dnak pors 02-call to which the option, entiend

No Chairs Will he admitted, agter the gods Juve left the codewor and all goods remetileg grindelivered after the Fresh Ortsberg, 1961, will be

“Optionsi, cardo will not be landed here, unless notice has been given #bours priotin vessel's -arrival., but carried on from port to port to the final part of call to which the opilon

No claims will be admitted after the Goods" have" left, the Gedowns and all goods remaining undelivered. after the 26th Delober, 1951, will be subject 16 rent:

All broken, shaled, and charskited Goods are to be left in die Cudowna, -All Browsza, chafed, brid damaged where try?will be examined on 1 Goods are to be left in The Godown

Patoba)LINTENSE TRULI

Godnára

by our Hurvejrs MemÉTÉ & Dougian, CAN

you eveyors demers, Goddard | Mink tetek, 181 EUR IN

Booded

Toodingly with the Cellarálo Ponte ed.Wirebouse RegulatioTHE ODD KEMER attrodiacsWhek, daima fed dufiabio.

fahrkon 19th October, 181

20, United S United