1951-11-28 — Page 9

MESSAGERIES M

Artving

"FELIX BOUSSEL"

"BIR HAKEIM”

THE CHINA MAIL, WEDNESDAY, NOVEMBER 28, 1951.

Budget

MARITIMES Technical Japanese Trade Tape Re

M Aid For

Outward For

Leaving

Be

Den

+

Uta

Marseka D

Bee

1X

Japan

+"MONKAY"

1

4

bet

5

*FELIX ROUSSEL"

Dri

A

Dec ↑

***BASTIA"

Der

26

Dec.

27

• passengers & freight

Botheward For

N. Africa & Europe

Manila, Balgon &

Marseilles

N. Africa & Europe

↑ freight for Salgon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanca, Ilavre, Dunkirk, Antwerp &

Rotterdam.

Subject To Change Without Notice

CIE DES MESSAGERIES MARITIMES P.O. Box 63. Hongkong

Queen's Building (gr. floor) Tel. 26651 (2 lines).

Eastern & Australian SS. Co., Ltd.

S.S. "EASTERN"

direct for

AUCKLAND, WELLINGTON & PORT CHALMERS

Loading November 30th

For Freight and Partieni.rs please appis

Colonies

OFFICIAL'S TRIP TO AMERICA

London. Nov. 27. Colonial interests have! taken Mr John Marnham.) Assistant Secretary at the! Colonial Office, to the United States to study technical aid

facilities under

Plan.

J

the

there available

Marshall Aid

sale from London as E

monter of a three-man detega

יכון?

01 the Organsation European Econonte Comper

tion and will be away about S weries.

10

h

M: Mambar brads Colonal Office team ainmater s ing the techn.ral assistance jer game for apendent oversens ternturies and is a delegate 1. the overseas 1.4.mpe

lee of OEEC

1.

:

Competition

Said Inevitable

(FROM OUR OWN CORRESPONDENT)

London, Nov. 27.

The view that guarantees against a revival of Japanese trade competition cannot be written into the peace treaty is fully supported this morn- ing by the British Press.

"Treaty or no treaty, the threat of Japanese competition is inevitable," says the Daily Tele- graph.

Realism is also the keynote of the Financial Times' leader which takes a long view of the threat to the trade not only from Japan but from British export Germany too.

Presented

Talpei, Nov. 27. Premier Chen Cheng to- day presented the Nation- alist Chinese government's budget for the year start- Ing January 1, 1952. offered it to session of the Legislative Yoan.

A

secret

No Agures were publicly divulged.

Dute

of

1x Der.

GFz

Deg

Jih

per

1 Dec.

gib

ner.

11th

Dec

rach Dec.

16th

Dee

1st Jan. 2

The Premier's state the nation report to the Yuan on Friday, however, made clear that more than '80 per cent of the govern- ment's expenditure would be for military purpoSES.

Besides presenting budget at today's session the Premier also outlined the government's adminis

for trative

programme 1852 Asseclated Press.

the

Inni '52

4th Dec.

Der BEN

9th Dec Fich: Ner nec

13th nec.

14th Dec

3rd Jan 52

HONGKONG

3rd

Jan 52

In of the

wish from earning their living It may be possible to itat German and Japanese any realistic appraisal competition did not exist." it future-excluding the possibility says. "But it does. We cannot of a third world war-Germany On this trip, he will studs th

nor should we desire, and Japan must be included as workings st the Marshall Pian expect,

large potential exporters. relation to the, that two such countries Ath parte alar

varius large industrial populations can and discuss Calories

in the long run be prevented problema monneeted with proval

to the

LAPT

technical The boo

UK delegates are M. AS Pankhurst. Unle

Sewelax the 1

Treasa M. apr M.

Fashio Flow in

Fl Serreta CK delegation to the DEEC 1 d. Rate technical assistame ginip of the DEEL xelive

+

Baght other Bussipean counting are also sending amali lek

national pre trebncal astich

| tires, compah (SHIK

experts

!!

FIRMNESS

with

IN COTTON

FUTURES

In this newspaper's opinion is a rather "the real danger"

different one from that commonly foreseen.

must

very

"It is that the Western coun- tries,

and especially perhaps

under the this country, powerful compulsion of the im- mediate balance of payments, will forget that restrictions im- Posed

on trade to meet these

no: be taken as crises must

for guide to or long-term policy of

substuli

SHARE MARKET

(From Our Correspondent)

RIL

Ship

ABRIVALS

TJITJALENGKA" --TEQELBENG`

VAN HEUTSZ" **RUYB"

"THKAMPEK" "TĪBAÐĀK "TABMAN" -KJIWANGI →TASMAN

דוידחיי

From

Macassar, Java Parts & Japan

Japan

8. America, Africa

Matar, Ballkpapan

Chivutia & Singapore

&

Singapore

Singapore

Singapore

Penang. Belawan Deli & Ringapore MЯensar, JHVA POTES & Singapore

Japan

Japan

SAILINGS

**TJETJALENGKA"

“TEGELBEKO"

"VAN HELT87" **RUS'S**

**TALKAMPEK

"TASMAN

TJIWANDY"

"TARMAN"

"RUYS"

General Agents

Date

Tith Dec

Ship

"KIELDRECHT" "AAGTEKERK” "OVERIJSEL "AAGTEKERK"

To

_

* Jaya Ports Macassar singapoır.

6. Amerlea singapore, Africa & Singapore, Penang & Benwan Deli

Japan Posts

Japan Ports

Japan Foris

stacassar.

Java Ports & singapore

Singapore, Penang & Brtawan Del

Africa R 8. Manila, Singapore,

Amerfes

HOLLAND EAST ASIA LINE

ARRIVALS

Зарай

From

Europe & Singapote Europe & Singapore Japan

SAILINGS

го

Manita, Slogapore & Europe Japan via Manila

Manita, Singaporé & Europe

VIKINGS BUILDING TELEPHONES 28015 TO 28017 CHIRSLAGINIS, BL CONNAUGHT ROAD C 103 31186, 25139

19th Dec

1st half Jon

5th Jan.

Business done on the

this morning Exchange

AL $398,587.50, Noun valued

the morning's: quotations and tans: elons--

Stock

was

12th Der. 2314 Dec 7th Jan

"KIELDRECHT" "AAGTEKERK" "AAGTEKERE"

D

GEARES BUYERS SELLERS SALES

BANKS

1115 Выдан

East Asia

1380 100

125

55 18891

INSURANCES

Union

740

cm-

Strength

futures

W.

Farby ployment if world trade is itself

The expanding.

BK Fire

DOCKS ETC

140

N. P

Wharf

6.90

Dock

FEARS REMAIN

Provident

17', 14

Wheelock XD 331

341 34

LAND

ETC

HK Hotel

HK Land

31 20

of

Humphrey.

12

UTILITIES

Tram

10.55 163

The products of German and Japanese industry must be ti- ied min world trade; but this can New York, Nov 25

without causing Cetion futures weir ennaly be done being punk by the Marshall Pay on trad. buying and hot damaging dislocations of administrato Condtin Exyno

Doliu rests of the sturdy [

MACKINNON, MACKENZIE & CO. ¦ Servan

Agents.

Telephone: 27721-4

Anglo-Iranian's Sharp Attack On Teheran Regime

London, Nov. 27.

The annual report of the Anglo-Iranian Oil Company, Ltd., published tonight, charges the Iranian Government with a "distortion of facts" and with presenting the Company to the world "in a completely false light."

Sir William Fraser, Chairman of the Com- pany, in his statement to stockholders, reviews the conflict over Iran oil which flared up this year between the company and the Iranian Government led by Premier Mohammed Mossadegh. He winds up this review with a sharp attack on the Iranian Government.

The company

report

L present the report toBOTTOW Jeading WS- the year 1950 but Sir William's in the world's statement to stockholds takes papris, 111 the curent 1ra, The company

situatim: in

has

1

St Wilham points out in his propriated thousands of Pounds statement that had the ranjan Government accepted the com- pany's

50-50 plan for shar-

FOREIGN

Lon

re profits from normal opera. have In Iran it would received in 1951 about £50,- total national 000.000. (Iran's

£90,000,000 a

EXCHANGES budget is about

IN NY

Canada England-"Icini

38.

New York, Nov 27

2.80

Austraitp

90-day futures

Now Zealand

South Africa

Beiglum

Demark

234 Ind 2.37 asked

vr.)

Sir William

Philippines Invited To

Join Plan

Ixion. Nov. 27. The Puppies Government has been askest whether it would Eke

n lower

Covering. Drevanber prmpal supt arlingthanee, E the market.

for cotton 1 zile Demand

So far as Japan is oncemeð. Wid continues glow, but this

It continues. "obviously what is exten ing ex-i to be hoped for now is that the come

ollenarmistice negotiations in Korea pertations of

will open the possibility ip report on December Increased hedge seling

peaceful trade with China.

tears

remain Nevertheless local ight profi-laking by

cotton that Japan

vil once again em- bark upon unfair trade practices Daic Es Boon as the prace treaty is than ratified.

noderate rezēssions fares in late dealings

Futures closed $1 35 gher to 25 couts lower

previou close. December March

to join the £1,808,000 900, May six-year Colombo plan for the July

October genomic development of south De

As as a full December and southeast

was authorita-March

participant,

it

tively stated here today

Thie

reply to the understood

These fears, says The Times.

are not removed by the argu-

ཁ ment that Japan has now bonu internation- herself to observe ally-accepted fair practices or

43 19 42.66-70 12 38-55. 41.98-41.02.

39.15-17

hy the fact that she now has a 38.80 bid.

strong trade union movement to 28.65 bid

protect wage standards. 30.31 nominal.

it adds, "But,"

treaty pru- 43.70 nominal. I could dispel these fears or

trom Japanese shelte ---Associated Press.

competition."

May invention, Middling spot to have been sum

age, is st about two months

the Philippines

awaited from Government,

The Colombo Plan Consulta

NEW

МАККЕТ ORLEANS New Orleans. Nov. 27 Cotton futures closed 50 cents tot 1.35 a bale higher. level nexDecember February but where has not ve! March

fixed. Singapore and May

meet at Ministerial

five Committee is expected

been

I vide

JAPANESE

"no

REACTION

Tokyo, Nov. 27. 43.29 Japanese newspapers today the British House 42 70-73, funt-paged

of the approval 42.48-50 of Commons' 42.01 Japanese peace treaty but trade circles regretted suggestions that 39.22 Spot colton closed 75 cents a 'Japan might indulge in unfair

Karachi have been suggestej 55 July

possible venues.

Delober

All the Commonwealth coun-

South Africa, are ale highes tries. except participants in the Colombo plan. Middling sented in an advisory capacity The United States is also repre- on the Consultative Committee

If the Philippines joined t would mainly be a recipient of aid technical and economic under the plan, for which it would submit its six-year dustrial, agricultural, technical and social development scheine. I

Reuter

The Rubber Markets

-

London, Nov. 27, Prices of rubber futures closed today as follows:--- Number 1 rubber

also points out. "The company's expenditure in Irant during the last three years on housing, health, educational, social and recreational facilities

per b totalled its employees. for

£39,090,000. Its purchases Iranian currency during

expenditure in alone for tetailed £21.500,000, at a fixed by 05

of

Jaeuary (1952)

January/March

1930 iran rate The

April/June

Iranian Government which en-

latter to make

Hi

30-day futurer

2 79-15-16

2.791

2.22

2.70

2.88011

exchange

Fuance

01891% 1465 .0029-9.1G

abled the

West Germany

4.20

2030

proi: some £7,000,000."

on the dransaction

100%

1405

OUTPUT INCREASE

0347

Sprit Swedea

.0365

0935

Switzerland

MIDDLE EAST Egypt

2.80%

03125

2.81

.5375

0700

0500

0150

4023

1.09

110

Peru

DUED

Uruguay

40:25

Venezuela

2005

FAR EAST

have been

Ind

3103

Pakistan

2030

Hongkong

.1785

300

门

<f

July/September

in cent

41.3

4 4x

401-3

rubber

closed today as follows:- Number 1 rubber, per lb.

312%-32

42.50

--Associated Press.

Grain

Prices Firm Up

Chicago, Nov. 27. Grain futures were mostly Wheat futures Laday higher chised to 1% higher and soy- beans to lower. Prices of grain futures closed as follows:

Wheus-picy per bushel Spol Ükember

March (1982)

May

July

Corp

Spot December

2.64

2.65 2.85 2.66 2.62-1

F

trade practices.

influential

The

English

trade said:

"Nippon language newspaper, Times, slating that "under- standably the British people are chiefly concerned with the econo- mic aspects of possible competition with Japan, "There 15 no reason why Japan and Eritain cannot exist and co-prosper in industry and trade."

The

newspaper

welcomed the statement by the President of

of Trade, the Board

Mr Peter Thorneycroft, that Japan's intentions must be judged by example of improper the first action-Reuter.

bonds

itt

a

SINGAPORE

Prices

United Press.

MARKET Singapore, Nov. 27 uf

futures

November

December

138-139% 1374-

the official morning session as

January (1952)

follows:-

issues were firm.

Number 2 rubber,

Spot tin, buyers

November Number 3 rubber,

November Number rubber,

134-135

Spot tlo, sellers

905 907

Japanese bonds

"A" (49. bf 1690)

6014

Busine's done at

130-131

November

176-127 139-1391 104-105 147-152

Three-months tin. buyers 045 DSU tin, sollers Three-months Burinues done at Bettlement

"B" (99.

*** (49, of 1910)

57

"C" (5s. of 1007)

108

053-94774 .903 -United Press.

"D" (59, of 1934)

75

"" (5s. of 1934)

122

530 Clight N 8.43 6.55 1300 ..

1000

C. Light 101 9.70

U 201

+

6 50

82 0.10 18000...

221 22.85 1000

223

632

By 212 213 83321 i

14 14.75 2000 e 14%

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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INDUSTRIALS

Cement Rupe

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

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STORES, ETC.

Darry

Watson

Sinceros Emporium

Exchange

ARRIVALS FROM U.S.A.

Dec. 4 Dec.

16

Dec.

31

Dee. 5

Dec. 20

Jan. 6

For Freight and Further Particulars please apply to:-

M.S.

"LEISE MAERSK”

M.S.

"GRETE MAERSK”

Rates

M.S.

"OLGA MAERSK"

Business was done

nnofficial

the market

local

thi

morning at the following rates:

US Dollars (per $11

0.88

Sterling nole (per £1

15.55

Indonesia guilders (per 100)

3.30

tam ticals (per 100)

28.00

Singapore (Straita)

7.807

Lastrea (per 1

13 30

Pedder Building

exchange

AGENTS:

JEBSEN & CO.

Tel: Nos. 30066-9.

Pacific Far East Line Inc..

Fast Regular Trans-Pacific Service

DIRECT

SAN FRANCISCO, LOS ANGELES

OVERLAND.

NEW YORK-CHICAGO-DETROIT-FORONTO MONTREAL AND ALL AMERICAN & CANADIAN CITIES

Guam, Marinas Islands, Micron esian Islands - Beralar Service direct or with transhipment.

From

Vessel

Arrives

Sails

"TRADE WIND"

San Francisc

"ALASKA BEAR” "FLYING ACUD"

Straits

San Francis

Francisco

Dec. 24

Dec. 43

Jad. 201

Jan. 3

Dec. 15

Dec. 24

Jan. 21

Jan. 31

For

Holland

Italy

Norway Portugal

Iraq Turkey LATIN AMERICA

Bolivia

Argentina

Brazil

Cixio

Cuba

Columbia

Mexico

Indosteals

Singapore Japon

"We now have ut our disposal crude oil production at the rate per of about 20,000,000 tons annum from our Interest:

Kuwait, Iraq, Qator, and the Spot rubber, unbated

United Kingdom, which is Block crope

almost double what we obtained No. 1 pale crepe -United Prous.

from these sources during

1950. This tonnage is capable

of further very substantial in-

crease in the future. (The com- New York Sugar

pany produced merly 32,000-

000 tons of all in Iran in 1950.)

"As regards relining capacity,

our

000

our

rate

NY Pepper Markat doon at the end of the 1950.

Futures

intensive and successful efforts

New York, Nov. 27. made to increase

World sugar futures closed at.

various throughputs

today 3 to 4 higher with sales establishments outside Iran

total reining throughput totalling 25 contracts,

Contract No. 6 closed' 2 lower now at the .3305 nutside Iran

per to higher, with sales totolling 300 yen to US$1 of over 14,000,000 tons

19, contracts.. -Valled Press.

Annum comparing with 8,800,-

Prices closed as follow Additions now in hand,

CONTRACT NO. 4 (world) refinery, Jendary (102) cluding the Kent

nominal Chis total to Maret The black pepper market was should increase

B་ quiet dealings. Spot over 20,000,000 tons by the end May steady in pepper was offered at between of 1062, Urgent consideration July 1.03 to $1.84 pound, Decem- Is being given to the building of Spot ber delivery $1.00, December further new refineries." (in 1950 Hipment $1.64 January $1.49 the company's huge refinery at Maret (1962) kild Mirch $1.47 a pound, all dh Abadan in Iran handled 25,000,- May andy-duck" basis. United 000 tons of crude ell.)-A-ptember

ciated Press. Presi

New York, Nov. 27.

July

4.75 4.70 14

CONTRACT NO. 0

6.20 210

0.30 d

b.au bit

2.43 610

ited Pres.

190

1,8915

United Press

LONDON TIN

MARKET

London, Nov. 27.

Buoyant Session

In London

London, Nov. 27. The tin market closed steady

British Government this morning. Turnover was 08 kas of which 30 tons were for gained up to a full point

generally buoyant session of the cash,

Prices closed at the end of London Stock Exchange today.

BAN ON JAP

FISHERMEN

Vancouver, Nov. 27.

Oils and selected industrial

scle

Consola 63%-Associated Pres.

and United Press.

There wan

NEW YORK MARKET

New York, Nov. 27. Prices advanced fractions to around a point today as the stock market moved to higher The Canadian Fisheries Minis-ground for the second successive no vigour behind er, M Robert Mayhew, said scasion. yesterday that Japanese vessels

old no longer be allowed to the movement but I was n in British Columbian, or stendy turn for the better. The volume Tan about 1,200,000 Alsakan watchs,

Mr Mayhew. newly returned shares.

alsappointment from Tokyo, where he headed the Canadian delegation to the along Wall Street that, there Fisheries "Con- wasn't more push to the advanco. But the two successive days of moving forward was a deinite relief from the work-long slide downward.

How

bping negotiated the Japanese would be dented the right to fish salmon, halibut, herring and other important sh in Alasken and British Colum blan waters.

But they would be permitted to fish for crab in the Berlog Bee, adjacent to Alaskan Waters.

Reuter,

There

Waa

Dow Jones averages--

30 Industriale

289.48

To ralls

70.04

18 utilition.

40.05

40 bonds

180.00

Associated Press and United

Prou.

"CHINA BEAN"

San Francisco & Los Angeles

San Francisco & Los Angeles

via Kobe

San Francisco & Los Angeles

San Francisco & Los Angeles

via Yokohama

For full particulars cal! United States Lines Co., General Agents, Queen's Building, Tel: 28190.

The SAGE way to Europe?

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