1951-11-01 — Page 9

THE CHINA MAIL, THURSDAY, NOVEMBER 1, 1951.

MESSAGERIES MARITIMES Fares Raised Colonial

M

***EA GLIERES"

"DOCTEUR YERSIN” "FELIX ROUSSEL"

*.1 MACSTILLAISE"

MONKAY"

"BASTIA"

| || Fares Raised Colonial Development

Arriving

...Nav

Leaving

Nov 10

Nox

FO

Nov. $2

Her fi

Elec. 1

M

Outward For

Indo-China

Marseillo

Homeward for

Manila, Salgeb &

Marselier

No.

Y

Nov. 1

い

H

Des 21

Dre

No 30

23

N

passengers & freight

Africa & EurOfB

6 & Europe

freight for Saigon. Bort Said, Tunis, Algiers, Oran,

Tangier, Casablanca, Havre, Dunkirk, Antwerp &

Rotterdam.

Hubjert To Change Withou Matice

CIE DES MESSAGERIES MARITIMES

P.O. Box 53. Hongkong

Queen's Building (gr. floor) Tel. 298661 (3 lines).

Limited Western

Trade With East Defended

Washington, Oct. 31.

A State Department official today defended a Western and limited trade exchange between Eastern Europe, and declared the United States should not discourage this commerce because many basic commodities needed by America's allies still

come from the Soviet bloc.

Mr Harold Liner, Deputy Assistant Secretary of State for Economic Affairs, told the national conference on United States foreign policy that Western Europe cannot be expected to adopt an export control policy as restrictive as that followed by the United States.

EXCHANGES

IN NY

nuda doltam

Teland fed

Banoffeld

New York. Chat (7530 951,

30-day tulates

96-chas future

Astra pounds

New Zealand sound Soul ACTen ground

pra

Dekk krown.

Street German

Deutchermark

Holland Huilders

F:

bayo

かい aut

15

Western European country PALES

!.. supply something

ognizing

in MARY bir parents

thal

between the East and Wel

insoluble and war mevitably.

under

By P. & O

The

Bombay. Oct. 31

Perinsalar and Oriental Shipping Company today announced an 11 to 16 per

cent increase passenger farcs between India and Britain becÀUBE of heavy and continĪJĀDUS Increases bit operating cost.

The

The increases becoine effective tomorrow. fares between Britain and Australia are also to be in- creased-Reuter,

Big Slump On London Exchange

London, Oct. 31. Between election day Inst Thursday and BOON today about £410,000,000 has been lopped off values on the London Stock Ex- change in the post-election slump.

Corporation 'Based On

The Wrong Approach'

CRITICISMS BY PEER

London, Oct. 31.

The Colonial Development Corporation is an unimaginative enlargement of old ideas and is based on a wrong approach to the whole question : of Colonial development.

So writes Lord Milverton, until recently a part-time member of the Corporation and a former ! Colonial Governor, in "New Commonwealth."

"Colonial development must what Is known as Western be closely the responsibility of civilisation, the local Colonial Government in cech instance," he says,

Talks On Far East Aid Plan

Baguio, Oct. 31. Lord Maverton asks: "How American, Economic Co- many of the Colonial communi- operation mission chiefs ties who clamour for self-

"In its true form, it should be a conception of aided Colonial government and freedom from gathered here today to hear ¦ Government, learning and Imperial shackles have any Washington planners ex- developing under its Own authority, instead as at present an Imperial Santa Claus whose Occasional incursions merely

conception of the choice present involved?

at plain a $232,000,000 spend- ing programme designed to "It is not a cholce," he points bolster the free governments A slightly harder tone deve accentuate without solving out, "between self-government of six Southeast Asian coun-

foreign

the tries.

well

or

attendant

rule.

with

co-

We live and learn loped at noon today buy observers local needs. thought the this might not be and increasing enlightenment benents of Westem economy

the that montained and that the slump may

reveal

as a common constant, but a Headed by acting Besistant which he arisen from fears of Colonial Development Corpora- choice between self-government administrator Harlan Cleveland

and has been and their own way of life, with hard ties to be imposed by the Lion is conceived

of the ECA, the Washington Conservative Government migh built up on the wrong lines."

and poverty

group spend three days with the continue later.

Lord Milverton

meny and oppression, or foreign mission chiefs, discussing Kays it at its These tags have orisen be-least worthy of consideration guldance and the benefits of

ordination of the programme as gruse most investors realise the whether it should not be a very association with Western laid down at headquarters with

holding adop: smull the

Corporation, economy and a slow movement the special conditions found in surim measures in pull the coun- | allocating und controlling towards autonomy."London try through 'steonomic diff- financial aid but not administer | Express Service. curs

ing schemes. having under it Investors and speculators who regional Corporations with 2211 had prayed for a Conservative entirely regional membership would work through Government to end the rule of which Socialism and had hoped 14 local Governments and would make money out of a resultant mange them to go into part- boyancy in the market, have nership with private enterprise

Government

אורת

been sadly disappointed.

Government

securities

huve

been affected by fears of dearer

Industral shares

anxi

money speculative sections have been overshadowe by the grim reonomic- czutlook, uncertainty over the Government's policies end the International situation.

Beuter.

NEW YORK MARKET

follows:

20 raks

15 utilities

in as many of their scheines possible.

He adds: The local Govern- ! ment should almost always be a partner in any development scheme under Corporation

Perhaps Husplves.

the chie! advantage of having the actual

execution of schemes doubly

HONGKONG SHARE

MARKET

(From Our Correspondent!

removed would be to underline! The half day's business

the various countries receiving American aid under the appro- priation recently voted by Con- gress.

Mr

Allen Grlin, director of the Far East programme division of the ECA. sald the mueting here is similar to those hold in Europe for the last three years.

"Such meetings," said Mr Griffin. "enable us in Washing- 101 to discuss administrative and programme natters with our representatives in the feld. Obviously such frst-hand ex- change of information and views extremely valuable in our

the responsibility of the Cor- the Hongkong Stock Exchange | Washington planning. poration to Parliament, through, totalled

ת <

HK Hole MK Land

"In addillon. Bhese meetings enable us from Washington 10 of bring directly to the chiefs mission the latest intentions of the

Congress

U.S. and the executive branch as to use of 601 ECA aid for the benefit of the prople of the countries of the Aston

participating in 1.3. economic and

and technical assistance programmes.

1010 18

14 500 24

36 30% 1050 v 30%

200 v 30%

209 34.

6 0.40 200 & 0 5344

areb

14

The principal effort

Southeast In

of living

of the Asia is toward improvemen

standards of

the

masses of the people through:

of development

rublic

31

11 ale

explamed Western

2.00

Europe's

refusal

230 b.-

234 Asked

270

trade with

Brands

2 GA

23

TH'

Hips

od norm! eemmeri at relatan.

with the Soviet

0108

1495

would

tank, mount

to lows

38-54

conflit, shareD.

4 20

Dow Jones averages

al

26.30

ત of the session

stood 11 .-

Italy ufcial

in

New York, Oet. 31.

The Secretary of State, for the transacted during the morning Stk clased higher today allocation of funds, and equally and noon closing prices were: Chls. chemicals. steels

BBU t of non-ferrous

temptation to! metals led the

came tamper with the details," Steel Rassin en political advaRICA,

issues becaur Th front fait

Of 1913 Carl demand abandmanical ol ad pretence issues traded, 577 advanced, 296

240 derlined and

un- were

"T seetu to me that the New highs were set tersons learnt by the Develop- changed, by three white 23 sank to new ment and Welfare Organisation Sales totaled 1.499,000 in the West Indies, on the one und, and by the Cameroons Bvc phent Corporation,

hand, might well be

$94,751.

Business

10

remove the

SAYRES BUYERS SELLERS SALES

BANKS

USEFUL LESSONS

HK Bauk East Avla

INSURANCES

Unton

1595 125

HK Fire

780 790 117

140

720

DOCKS, ETC. X. Whart

104 N. P. Wharf 63% Dock

107 100

103

ECA

directed

Norway : one

405

Polaga! dok

047

30 industrials

Spain esetze

U20%

Sweden (krone:

1930

202,37 80.26 46.75

tudied."

Provident Wheelock

LAND. ETC.

ELYDI qaytənda

F.:

03125

Iraq DEC

2 A1

Curkey ihra

2573

LATIN AMERICA

Argention

STON

Brauzebral

Date

Bella oliveno

Chille free

11541

Columbin pænt

KEMA

1 30

Mewien (pesti

1165

Pet-Fre

0030

Uruguay, "psnej

4173

Venezuela ihaliveri

2005

FAR EAST

India Uupeel

2100

Pukiston (rupee

.2030

Tongkon

7735

3040

3395

360 yen to US$)

Switzerland-fi MIDDLE EAST

וויליאי! ! !

Indoneria Singapore Japan

--

--United Press.

Grain Prices

Weaken

Chicago, Oct. 31.

futures grain weakened somewhat in mo-

Prices

of

1

Mr Limer ald Jere standing was recently shown in Western the United States Europe's trade problems when Kem Amendment The so-called was replaced by the Mutual as- sistance Control Act signed by President Truman last week.

The Kem Amendment pre- vides for termination of econo mic ar Anancial aid to which- Over countries permitted the shipment of strategle materials 10 the Soviet blor.

Mr

40 bonds

-United Press.

Lord Milverton believes that Colonial development, in fact. 185. eally comes in the end to re- gulating the whole life of the concerned-social, community economic and political. "If we are true to our principles, this Inevitably nicans that the

only channels ure the nationalities nant Colonial themselves. In other words, our Colonial Development Corpora- tion and such-like bodies are really experiments in the wrong

Direction.

"You cannot," he claims, "do which seem to all the things he implicit in the conception of

Wool Sales Cancelled

Syriney, Oct. 31. lcbour Rising

tensions Australia struck al 1bc wor! Lirer pointed Cut that about half the value of Western exporting industry where selling

brokers have been obliged Europe's imports from the Sovie:

cancel auctions scheduled for bloc was accounted for by three

November 5 to ¡ basir

groups-edal NOVE commodity

5 to 8, postponing the sale of some 60.000 bales. end coke, ocreals and timber or

Casual labour employed its products.

eight wool warehouses

demanding Mone than 75 per

dismissed for Western Europe's

coal imports working day 30 minutes shorter

than the agreement.

cent of

Gast year came from Poland and 7 other source could have re- placed them.

AMERICA'S PURPOSE

at

it

Crniat development by any exierul authority. If the deve- opment is to live

been

S'hai Land Humphreys

UTILITIES

Tram

54

1,03

13 1315 500

1000 13

health

agriculture, and establish-

400 6342 men of basic industries, 200 53

Chiefs of mission present are

A. F 134, Robert Blum, Saigon

Flegal, Bangkok; Samuel Hayes, Ran- 17.40 Djakarla; A. L. Moffat, 9340417% Hoon; R. T. Mayer, Taipeh; and

Roland R. Renne, Manila. 200 11215

The sessions are closed since 9.03

271% 17.70 1000

P. Tram (0) 2234

Star Ferry 1142

C. Ligm (0) 9,76 990 700

C. Light (N) 15 4.65 1200 the group will discuss spend- 2000 € 6.60 ing details which might have

C. Light (8) 9.55 9.45 1000

Electric 23

6.60

6.60 commercial value to outsiders i! 155, revealed in advance. -Asso- 9.55 ciated Press.

7500 fr

1300

1000

9.80 !

1200

233

4200 23

3000 251

Electric (B) 221⁄2 23 500 2727 464 @ 2242 Telephone 151⁄4 1515 INDUSTRIALS and to be-

Centen!

15.80 16 6500

Rope STORES. ETC

Dairy Watson

come part of the organic growth of the people, it must be under their authority and control. were Dimly,

this dilemma hus ech foreseen when we talk of azzclating backward peoples with the various schemes, and getting them to regard them their

own. But, to be tru their own, the Impetus, the faith

Permanent employees refused to do work normally done by labourers. They, too, were dis- missed.

have

Ships from overseas already arrived and are waiting wool cargoes. United

for

He explained that America's derately active dealings, Limited export sales of U.S. grains part-purpose in urging an export con-

a desire 10 in- Press. ly accounted for the decline.trol policy was

crease the strength of the free

22

10.10

COTTONS

Crawford 2813

4.30-435

The Rubber

Markets

London, Oct. 31.

futures of rubber

Prices 100 20.40 closed today as follows:-

April/June July/September

4.15 6.30 1000 @ 4.20

Σα in them, the desire to have them | MISCELLANEOUS

Yangisze succeed must be drawn from the beneficiaries, not the bene- volent patron."

He added: "When New York Sugar Milverton said that during the

Rye was an exception, climbing world relative to that of the to a new peak. Wheat futures Seve world. closed 4-1% lower, corn was A trade 1akcs place between to lower, rye 5 higher and Western and Eastern Europe we soybeans -1% lower,

Prices diosed as follows:--

Wheat-price per bushel.

Spot

September

December

Murah (1032)

Mny

Corn

Spot

September

December

March (1952)

May

Iyo

July

2.494 2.524 2.55-12.00% 2.5312-1 2.4334-9

1.7032 1.70-46 1.83 1034-14 1.02-

2.0142

Hoptember

Date

1.09

B014-12

Julyak Beptember

New York flourper 200 16. Sack, 612.03-- United Press

want to make sure that the balance of advantage in lies with cur allies in the West."

Mr Liner praised the Mutual Defence Assistance Control Act Because "it, provides security... give consideration to the in- dividual needs of the Westem European countries."

Co-

This need for flexibility In legislation is justified because the countries receiving United? States assistance already operate with us on security ex- port controls and do so on voluntary basis," he said.

3

Mexican Exports Western Europe exported about

1950; he pointed out,

$700,000,000 worth of goudis to the Soviet blot countries ond imported

Futures

New York, Oct. 31.

LONDON TIN MARKET

LOOSE THINKING

Earlier in his article, Lord

past 25 years there had been a great deal of loose thinking and

London, Oct. 31. looser talking on the subject of

The Un market opened weak Colonial development and the today but steadied at the tower development of backward areas level. Turnover was 65 tons, cash. including five tons for expensive lessons have Prices closed at the end of the been bought but the fallpey that officied morning session money alone can work these follows

Domestic sugar futures No, Be

closed unchanged.

March

5.38 bid 5:40 bid

May World sugar futures No. 4 closed 2 higher to 1 lower,

5.16 bid January March

5.04 bid May

5,04 July

5.05 bid 5.06 bid September Raw sugar spot ... 5,85 nom.

-Associated Press.

3000,000,000 intent

ជំន

000

995

0921

43:4- 413-42-14 -United Press. SINGAPORE MÄRKET

Singapore, Oct. 31. Prices of rubber tutures closed today as follows:- Number 1 rubber, per Ib

October

November

December

Niner 2 rubber,

October

Number 3, rubber,

October

15314-4 153-153-14 .. 18294

1474-148-24

14314-9% 133-135-46 Spot rubber, unbaled. 15314–34

10345-109-14 Block crepe No. 1 pale crepeated Press.

100-185

Nufiber 1 rubber,

October

EXTRA DIVIDEND

macies still persists in far too Spot th, buyaɛ

sing

minds. Development in spot tin, sellers this connection really connotes Business done at

Three-months tin, buyera 87214 complete miettel and physical re-three-months titi, collera 0771 volution.

Begincés done at

975-872 DAZLA Seillement

clared -United. Press,

U.S. Mission To not only conflect about the scope.

Bond Market

Altron, Ohio, Oct. 31.

Date

まする Port

Port

IA Port.

4th Nov.

Sin Nov.

14th Nov.

13th Nov.

20th Nov.

sth Dec.

2nd Nov.

3rd Nex 8th Nov

9th

Nov. 16th Nov.

RAL

INTEROCEA

J

Ship

ARRIVALS

TEGELBERG -RISTJALENGKA“

"STRAAT

MALAKKA STRAAT

MAKASSAR“ "VAN BEGTSZ"

"TASMAN

"TIHWANÇİ"

"STRAAT

MALAKSA "TEGELBERG"

"STRAAT

From

Japan Macassar, Java Pärts

&

Singapore

3. Ajetla, Africa & Singapore

Penang. Belawan bell & Singapore Japon

Singapore

Macassar. Java Ports

Japan

Japab

SAILINGS

MALAKKA THTJALENGKA” STILAAT

MAKASSAR" "VAN HEUTSZ"

"TARMAN"

TEGELBERG" *TIWANGI"

18th Nov

201 Nov.

22nd Nov

"STRAAT

ith Bee,

MALAKKAN "TEGELBERIT"

Japan Ports

TO

Singapore, Java Ports & Macassar Mahlia, Sirigapore, E. & S. Africa &

6. America

Japan Porta

Bingapore. Penang & Belawan Dell Japan Ports

Hingapore, Java Ports A Macassar

Manila, Singapore, F. A. Africa Singapore. Atélen & 5. America

General Agents HOLLAND EAST ASIA LINE

Date

4th Nov

ARRIVALS

Ship

"ABENDSKERK" 2nd week Nov. "KIELDRECHT""

From

Japan

Europe & Singapore

SAILINGS

TO

5th Nov

"ARENDSKERK" 2nd week Nov. "KIELDRECHT"

NZSZOVILDING TELE:

Manba, Singapore & Enrope Jupan via Manila,

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

M.S. M.S. "SALLY MAERSK” MS "LEXA MAERSK"

"NICOLINE MAERSK”

ARRIVALS FROM U.S.A.

M.S.

"ANNA MAERSK”

M.S.

"LEISE MAERSK❞

M.S.

"GRETE MAERSK"

In Port

Nov. 15

Nov. 30

Nov. 16

Nov. 30

Dec. 20

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Tel: Nos, 36066-9.

M.V. "LA MARSEILLAISE”

will sail for

MARSEILLES

via

MANILA, SAIGON, SINGAPORE, COLOMBO, DJIBOUTI and PORT-SAID

ננס

Saturday, the 3rd of November

Sat. 9.P.M.

Passengers are requested to board the vessel with their cabin haggage on Saturday the 3rd of November between 5 PM. and 7 P.M.

Baggage Room and Hold luggage will be register- ed at Kowloon Godown No. 50 (No. 2 Gate, Canton Road entrance) on Frdiay the 2nd of November from 9. A.M. to 4 P.M. and on Saturday 3rd of November from 9 A.M. to NOON. No baggage will be accepted - for, registration after this time.

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

Queen's Building (gr. floor) Tel. 28651 (8 lines).

Directors of Firtstone Tyre SOUTH CHINA MORNING POST

and Rubber Company today de

$1

an extra dividend of

a dhuro on common, which

recently was split two for 'dite.

It is payable in December 1

to stockholders of record. November 16.

Øn

Even we ourselves have only Just begun to face what the prob fem means so that it is, perhaps no surprising that the people. whom we propose to help deve- lop themecives to our partéri, are

Prior to the split, Diretori of the chvisaged change in thele

New York, Oct. 31. lives but also she quite unaware

Corporate borde firmed and declared dividenda of $5 of the

of such price of progress and โอ: trading today but gains during the fiscal year ended on Wednesday, Amoclated the

upheaval in were not sufficient to erte

Préna Lond Milvertion

enriler luster and the list blowed wanted.**

the

irregularly lower; Volumin ">WIS

Malaya

Washington, Oct. 31.

An American tin mission to mov

valveamental

12

da Mexdeo City; Ost, 816

Cotton how tops the list of worth. This trade was less than Mexico's exports, Cotton: exports: half of the pre-war volume of Malaya left today Vis London glittering Chess of

Donut New York, Oct. 31. from January No Beptember East-West trade and replents tur Singapore for a first-hand dustry; they would like a higher what below that of the totalled 199,200 dome with about three per centier Western study of the tin intustry's prob standard of living and the maily

Copra ao quoted today at Value of more than $100,000,000, Europe's total, foreign trade...

lems,

Matriks desirable things that only monéy dependse bends were mixed $17.50 per short on visked, export

THO Defence Materiale Pro-

can buy, but they have not in the foresen dollar sektiori on Cia,

at the lamé level overklebuz BA, Yin web (in, dnder or glubji,, july and. Western Ger the mission's departure, dented of offort or related them

iver Tations of Western Butthe bh seek to negotiate a contract with of egular responsible hard chance totalled 100,900 OE my following dalem at Alesel oil ing Soviet bloc trade, United Malayan producers Associated work and the acquisition of all are compared with $2,010,000 and crute olla. United Pring. Press

the skilte which go to make yesterday

Press, vai United From,

coston

nine-

Mr Liner sild Norway, Bel- eurement Agency: athomeini Pothose cosires into a friend dhe Pacific Couth, follow zander many, topend «,thoke than other reports that the mission would 10 the Finapablakaidondan bond inelerson hé, slook a bit what quoted "točný,

Press

THE CHINA MAIL

SUNDAY POST-HERALD

THE MOST EFFECTIVE ADVERTISING MEDIA

COLOUR IS AVAILABLE TOO

THCOMBINI

"AND" RATES HESE LEADING NEWSPAPERS