1951-12-17 — Page 9

MARITIMES

M

Outward For

Arriving

Leaving

"BI BAKEIM" "LA MARSEILLAISE

fina

A

Camisa Part

Manin, Yokohama &

1܀

ון

{"BASTIA

Tru

J

LA MARSEILLAISE

¿

BIR HAKEIM

Jan

Jus

"MORTAIN”

Mar

!

passengers & reight.

knhr

tomes and

Ate A Curape

Marseliesta Manika

A Nalgen

Aprica & Europe

ADIDA Estrogo

freight for Saigon. Port Sud, Tune. Algiers, Oran. Tangier. Casablanca, Havre, Pankirk. Antwerp Rotterdam.

subject to change tha

CIE DES MESSAGERIES MARITIMES P.O. Box 53. Hongkong Queen's Building (gr. floors Tel. 26651 (3 lines).

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

rates wi.I

The

meme and Fis tation's

practices or that she may be creating undue complications

$xreising expor; and port controls not called

MS.

"ANNA MAFRSK"

M.S

"LEISE MAERSK"

Fo

M.S.

"GRETE MAERSK

an spe

country

eething furwa 1 extrace te wil; oba a ne

market price

THEORIES EXPLODED

Anouncement of these

૪»[43]<d Tags

פו וין

And imports

with aged, although, the by the realities of the current stil: was spending more al non-ar ions and

actual economic conditions that of was warong

thi Form རས་lyuekh Lale of $1,500,000,000 a year Japanese trade The police-

t

In additus, M Churchill's been given hear Government Trew

States list by The United

American economic help

De wii themes that wen ante fer canvassed

e it became

The Book of England Course replerlerken the unusual

alesga meriing of foreign ex- Saturday Belange dealers

Near

USED CAR SALES

ול!

1

Tonexion Wix Fatpls drawn that this

basis

اد

ARRIVALS FROM U.S.A.

M.S.

"GRETE MAERSK -

M.S.

"OLGA MAERSK“

11

M.S

"JEPPESEN MAERSK”

being followed by Japanese Government will -how. that such misgivings Ar groundless

باز:

י

Per 20

}',

87

Jei [6

Dec. 22

Jan.

G

Jan. 14

For Freight and Further Particulars please apply for

AGENTS:

JEBSEN & CO.

known

up to something he $300.000,- the by expert ill 800, max

mon has. Dea

the

1 pa ako bas put in for- and express to get big slee

STERLING AREA The Minister wrote in uection with the shortages

"Further aw materiais.

T

ነገ

xtent the PURINA DE

atterns on

111

Jiger:

2

mi-leading!

: Tude

f

Chiches

heavy volum menbuir et

IP

The Resneglenange

xange vale way authoritative recy

the 1-rd

lealers Cl enly. It is worthy of une, tha! sic jers ani and-hand chicas lust you

PT in the Sterling peopis Some

would rate

CANADIAN REACTION

be

of the inditary help in supplies pansion in the volume of trade 1 rativr before Japan and equipment which the US.

attem available under the car

economic is making 1) security programme — ¦ sullleiency

Ble

1 "Cuerying-out Associated Press.

hrs been bilateral agreements Indured more d.leuli recentiy

world conditions because of

js

elf.

Pedder Building

suid

dol-

oli

114

1 2 900,000

Curvet midast.um

1

1 year used the

dre considerably

Male below that

The new arrangements man

in

Tel: Nos, 36066–9.

KING'S BUILDING. TELEPHONES: 28015 TO 28017 GALINESE AGENES 23. CONNAUGHT BOAB, C H LS: 31996, 25133

ECONOMIST'S THEORY:

Increase Price

Of Exports To Beat Inflation

(FROM OUR OWN CORRESPONDENT

London, Dec. 16.

a

The view that the price of British exports should be increased as an essential step towards Press disinflation has been put forward in article by Mr Roy Harrod, the well-known econo- mist. This should be done, he said, even at the cost of losing marginal markets,

Mr Harrod's view is based on his belief that home consumption accounts for only a small proportion of the demands made on our manufac- was doubtful, he said, if turing capacity. It contraction of consumer demand could make a very big contribution to the total contraction required.

Cal Government spending, our although tremendously

tant for the lead they

could not carry us over

the

industries de-

greater part of the road we had, fore to increase our exports of

20

to travel.

our arms programme was

sumer

engineering impor- which are now busy on

gave, fence orders or soon will be

The present policy is there- other goods--chiefly such con- pot- goods

as textiles,

narrow tery etc.in order to the trade gap.

Exports of these goods, how-

have failed sufficiently to offset the rise in the cost of our raw material for imports, and one reason

to be fulfilled, he went un,

drastic cut in capital

inevitable but we

10

outlay

could

ever,

big cut

in

Wats

not afford to superimpose that cut another

וס

capital outlay to make way for more exports.

to increase

this is that the sellers market for such consumer goods has

and virtually disappeared buyers market has taken

He disagrees with the com-

exports mon assumption that must be increased in order to improve our balance of trade. Instead, the price WC obtain place.

sume reduction

રી

policy

would be

a its

of

from our exports must be in-

JAP COMPETITION of the cost creased even

Moreover, the diffleulty volume. Such

of our exports selling many disinfe-

of consumer goods is likely to the greater as tionary since it would release become even

full effects of Japanese and

competition

begin la felt themselves

fa So far from being able increase the price of these ex- ports we may soon be under

of

or other purposes.

regular "most orderly,

raising ex- and fair way port prices, he argued, would be by revaluation of Sterling. Failing that, however. some

German mako

other method of raising export pressure to reduce them prices should be adopted.

we en- which

de-

If, on the other hand, of our raised prices without raised the It wo much loss of markets, he said, gineering products, for we should make a considerable there is still the keenest

would sooner improvement to our balance of mand, this

modest con- tuter be rejected in the costs

and

trade make a mod

tribution by

tion by way of releasing of raw material production

capacity for the arms drive.

shottage samme your can la 15 at even with higher fever under can be

1 stets 4,000

put fre

All the a letale for all men.. wanked requer al

Whether the male any

י

Monoght

יין

level, refeeling the decline new car fansaction from: fast yent's revod tak.

ticians Oc ober

tims dropped

The extent of the shang in new em sales is shown in the 1. Pulk inmiting report of R

auto milastry statis- This

in! that Shows

registra- 373,162 11 was the first time stuce January, 1950, that crew cat regstrations had fallen below 400,000

desart The statistical areny attempt in explan the drop. It hows ver, that appears mident. threatcurd work lay-offs, plea inerenges and the imminerure of new models figured in the dr cline that began soon after mid- year.

WEEK'S OUTPUT

this output Motor vehicle week will consist of 87.350 ras and 25,539 trucks, Ward's Re- ports said.

cars and Last week 90,306 22,105 trucks were built and in the ke week of 1959, 131,875

32,443 trucks cars and assembled.

nosed in relation to the

a general feeling (PENINSULAR

Toronto. Dec. 16. Members of the Toronto Ther while others were equally

were Jubilant the bitterat

be reconsidered the prospective in- tent that the Pound would Stock Exchunge

would 14 devalued In the event bolt Today over

creases in trade which se proved wrong

resuit From The removal foreign exchange restrictions.

Mr Donerty. President of the

2

1 m tumor aw (Monday).

of

system needs 15

Japan strongly desires participate in world trade a multilateral basis and

In this direction advance every possible opportundy ba:Telpale by Chrganisation Payment the

the this time since Septem- Exchange, said the move show.

1939.

London that Canada's economic posi the

3.

| Harign exchange market, which | tion

is compose the

commercia!

was strong enough for This had been indicated

Lenks and a handful of foreign the using exchange value of

change dealers will be operat

ng fully ite Owl

SHOWING RESULT?

London, Dec. 10. Anubes tiese of bad news is being ceri

Ledin

Sti

the British

.:

near-record

E par

Canadian dollar almost with the US dollar.

Mi Clande Highmore, Super- VISOR

of Foreign Trade at the Commerce. Canadian Bank uf the abolition

control egulations was bound to come Inevitable but it was

d

und soni regulations derling more than $700,000,000 that Canada could not give up. in the nation's gold and dollar the

mitsure of freedom was reach- E-ch with regard to dealing

SCTE

may

}

T

"S

pes-able

te!

t、!:

wil

a

also

desires

elitels

it

Europeat

ܕ ܕ;11

"Japan hopes

10 Ever

ade with the Sterling Ares to

tigate the dollar shot inge United Press

Suggested Allocations

Of Ores

SAILS:

AQUS NOS & PARKETT

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CORFU”

NOTICE TO PASSENGERS

BAGGAGE:

t

THURSDAY, the 20th DECEMBER 12.00 Noom for the UNITED KINGDOM vin Straits, Colombo, Bornbay. Aden and Port Said.

All passengers baggage must be sent 14 the Hongkong & Kowloon Wharf, Co.'s Godown at No. 2 Gate, Canton Read Entrance by Noun on Wednes- day the 19th December.

But remoncier signs suggested · Steling.

in the righ was a step of things this may be a panter getting wo"SO before they get direction to see reluxation of the beiter. that Prime Minister reign exchange regulations, he Churchill's drive to win solvency, auded, as in the last analysis

Washington, Dec. 16 Britain actually

Bothere was no truer reflection of

The Committee cur- the value of the nation's showing results.

rency than the open market-national Materials

may announce this week deci- sources said the United Press.

sions on the distribution at ore! SPECIAL_NOTE: With the exception of hand packages nation s reserves would show the!

concentrates and primary pro- $700.000.000 decline at the close i of the current period

Government

ending

:

three-monti. December

31.

HONGKONG were

This would be $200,000,000 mare | than the staggering drop record-

period.

Ward's estimates car outputed in the previous three-month for the

of thr Anal quarter year will come to 1,065 000 units against an allowable production

The agency of 1,100,000. pects the year's total car output to reach 5,335,000.

buil;

€ 672,141 were sociated Press.

Last

ex-

year Ax-

: would leave Britain's re- rves at around $2,500,000,000 and this is only about $500,000.- n00 above the minimum amoun: needed to conduct the Sterling rest of Arca's trade with the the world.

SHARE MARKET

of the Inter- Conference

ducts of those metals.

In its weekly report the 1.M.C.

the said

Committee has made

Interim recommendations

1..

member governments for dis-

tribution in the first quarter of EMBARKATION: next year. It recommended that future distribution should be ori

rather than

six-month three-month basis.

j

The

Conference announced that Argentina, Austria, Greece, (From Our Correspondent) India and Spain have accepted Invitations from the cupper, zin. The volume of business done and lead Committee. That Com

making progress Exchange this mittee is same old, on the Stock

valued at $230,- discussions on next year's alloca- trade-gap difficulties buying morning was

Noon rates and the tions of copper and zinc.

decide 1.M.C. have The more abroad then she could sell 514.50.

In

The decline Was mainly to Britain's

attributed

Rubber

Singapore

Singapore, Dec. 16. of Prices

rubber futures closed today as follows:- Number 1 rubber, por Ib.

December

January (1952).

144-144% 14216-143

February

therefore, in

Number 2 rubber,

December

Number 3

nothing

10

4

139-147 139-439

129-130 19445-143

If we lost rather considerably British import prices.

un

trado

volume

but the

overseas and.

the balance

of

good

would be

large.

to

tho

not be so

armsbution

ROOT OF TROUBLE

This would do help our bajursco of trade, which is a long-term problem on the contrary it could make It even worse, and though it

Even If one accepts Mr Har might have the effect of re- rod's argument that drastic cutsducing demand for our

en-

thus

in civilian consumption and gincering products and capital outlay would not result release capacity for, arms_pro- In release of sufficient munu duction, it would have achieved factining capacity to enable very little at great cost. to carry out the artis

UN

pro-

grafome, it is doubtful, who-

Ther in the present trade con- dlijone any substantial ribe in

Prices

British Cove this Holp to

purpose

further inflation,

December

ubber,

Number

rubbo Dectinber Spot rubber, unbated Black crepe

No. 1 pale crepe

100-130

167-102 -United PICES.

FOREIGN TRADE CONFERENCE

Pann, Der. 10.

in

carried by passengers themselves. All Baggage must Pass through the Wharf Co.'s Godown for loading on hard by ship's slings only.

Will take place on Thursday the 20th December between 9.30 a.. and 11.00 a.m.

ESSENTIAL

SUPPLIES CERTIFICATES

Forms

Application

DON'T

For

WASTE

tu foreign countries and thereby morning's transactions:- having to pay out

more than SHARES BUYERS SELLERS SALES sent, any provision for stock-cates may be obtained from

at pre- Essential Supplies Certifi- against recommending,

she took in.

But there also is an additional BANKS difficulty of loan repayments this time.

FULL REPAYMENT

11K Bark East Aria INSURANCES

1000

100

770

inien Inderwriters 4.50 145

11K Fire

DOCKS, ETC.

on

K. Wharf

Britain will have to dip into its depleted coffers for $76,000,- 000 to pay the first instalment due the end of this month

dollar post- itg multi-million

United from the war loans States and Canada.

The loan agreements had

Britain provided that

Could plead poverty and forego pay- ment of at least the Interest, but the Government announced on Saturday that it would pay

The International Conference in full.

Foreign Trade organised It was one of two moves by under the spices of the United British lenders this week-end

Exchange Rates Nations concluded here yester aimed bi restoring World, con-

BAN CAUIG of much of Brithiti'a i unometal

present bechonic

Dualnem was done in the-ioen!

Trouble is a dollar (ber, 1),

morning at the rollowing enterta

market exchange

this

4.30

1057

342

1.745

13.05

thut we cannot export enough: sterlink wote ¿ber 2il v

that re. Indonesia #ulders (per 100)

Of the 5,794, Ving to Blameal for

Todos tre chiefly products

of rat plastres (per 100)

Mantepore (Siraita)

day.

the Pound Sterling. fdence, in "The conference also dealt wThe other was to case control bolsince at payments and stalls over the buying and selling of step tics. A report atlopted by the foreign exchanges possible delegates stated that all problems towards freeing the Pound from the agenda had uben controls and letting it and its on denne and that the con- real value on. world milkels. ference was completely sueross ful-France-Presso.

There Troven added to a new feeling of optimism desplie the

N. PL. Whint of %%

Provident 13:40 S'hai. Dock

Wheelpek

LAND, ETC.

HK Hotel HK Land F'hai Land Humphrey

J016

piling requirements. Neverthe-

13 1600 less, the Committee recognises South China Morning Post

the principle of urging such Limited. provision United Press.

* $349

100

10 CENTS EACH.

WATER

Pacific Far East Line, Inc.

Fart Regular Trana-Pacific Service

3.00

100 333%

DIRECT

33% 0.90 1.30 140

BAN FRANCISCO, LOB ANGELES

OVERLAND NEW YORK-CHICAGO-DETROLE-TORONTO MONTREAL AND ALL AMERICAN & CANADIAN CITÍEA

13% 13% 1000 131

1977 Guam, Marinas Islands, Micronesinu hlands - Regular Bervice direct or with, tranhlphient,

OB'ER **** OLIBIDEZ.

Elec. (Bonus) 21.10 2145

UTILITIES

from

χάν

C. Light (0) XD

01%

C. Light

(N) XD.170.00 20

20

1000 10.05 2000 0.70

"TRADE WIND" 1002 ALAŠKA DRAH”

-PLYING SCUD" INDUSTRIALS.

Cement. 10.30 2011 200 # 36kHNA OBAR STONES, ETC.

Exry 14, Watson

Crawford

Veitset

From

Arrives

Balle

Ban Francisco

strais

San Vranelico

Dec. 21

Jan 8

Jan 20

Deo. 22

2 Jes

Jan. 2t

San Francisco

Pebi

#

Felt

16 1000 18, 2735 600 91%

For full, pafileRATE

1..

For

Ban Francisco & Los Angeles

San Frmaco & Los Angeles

vić Robe

San Francisco & Los Angeles

San Fransico & Los Angeles

vin YokojnRTIA.

Thälen Linen Co,, General Aranța, Queen's Buliding, Tel: 26198,-