THE CHINA MAIL, WEDNESDAY, DECEMBER 19, 1951.
Royal Interocean LINES False Analysis A Big
THWANGT
BAILINGS
To
Singapore, Java & Maraskar
Singapore. Djakarta, Belawan Beli
Penang
bala & Marussal
Semarang
Manila, Singapore, Africa
A $
To Singapore, & Macassar
Singapore. Penang & Belawan Bell
Japan Putk
2254
TASMAN
CHAMPERS
f
2010
Djakarta Thiseban.
"RUYS"
Fo
America
VH WAH”
MAIDEN VOYAGE
AAN HEUTSZ
1
Janow Pärt.
"TURADAK“
(an
17th
"AJTJAJ ENGRA
L
Japau
ADPANAS
611
TJIWANGI
28111
Singapore, Java
*TUTJALENGKA"
1
BCL
Lat
Hingapore
2 Macassar
Africa
HUWAH"
Trk
13th
Feb 28th
War Ath
America
TIR WAR
Mar
150
191 карота
Za &
Macassar
From
Singapore
-JONYMI.
TUIS XIANE'
14IWANGP
ויויו
Amertra Singapore Java &
Singapore. Java &
MADILL
Singapore.
Macassar Macassar
Afrik
ARRIVALS
Macassar, dava de
'aletta 5 Singapore Maenwyr, dan Ports d Japan
13 Dell jakarta MATONKEL, Java &
Dee
1KO
TJIBADAK"
J
TATJALENGKA"
Jan
TAL
**REYN
Jan
2nd
VAN HRUT87 ·
Jam
Th
LEVANGr
100
CIN
TUPANA4
23:
1
Aunetka, AST
תי [י
General Agents.
Singapoer
Skrap934EN
Singapore
Sang Juur
HOLLAND EAST ASIA LINE
SAILINGS TO EUROPE
"AAGTEKERK
"OVERIJSEL
*HOOGREBKI
ARENDSKERK
KIELDRECHT“
Jan
130
Fcb
Th
11A1
70
MAX
Api
Au
SAILINGS FROM EUROPE
Rail Rotterday:
"AAGTEKERK "OVERIJSEL."
De
Das
"AKENDKERK" "KIELDRECHT
Ja
j 300%
30
Arrives
Hongkong
J
21x1
312
Frb
4th
Ma
fich
Apr
1011
KING'S BUILDING. TELEPHONES: 28015 TO 28017 CHINESE AGENTS: #2, CONNAUGHT ROAD, C. TELS. 31196, 23133
MAERSK LINE
FART FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHHA via SAN FRANCISCO, LOS ANGELES AND PANAMA
NEXT SAILINGS
M.S. LEISE MAERSK"
MS. GRETE MAERSK“
M.S.
OLGA MAERSK"
M.S.
ARRIVALS FROM U.S.A.
"GRETE MAERSK"
MS. "OLGA MAERSK"
M.S.
EPPESEN MAERSK
Obstacle To Britain's
Output
Drive
(By W. J. BROWNI
London, Dec. 18.
HONGKONG
SHARE MARKET
Everyone acquainted in the slightest degree with the facts of our situation as a nation knows that only a determined and sustained national effort will save us from widespread unemploy- Stock Exchange this morning
ment.
(From Our Correspondent)
Activity continued on the H.K
The transactions registered totalled $1,096,886 In value
was forty.
We must get our production up and our The upward trend custs down or we shall pay a very heavy penalty general. Noon quolotions were in social suffering.
But one of the biggest effort is the prejudiced and the last forty years.
SHARES BUYERA SELLERS SALIS GOVT LOANS
4
obstacles to the national BANKS
misleading propaganda of
A picture has been painted, shareholder unvested he owned starte of society at which Hel worth of ordinary shares" small handful of capitalists Allow for that. ana The divi-
Britani, 1 dend is own the dustries of aret 20
THIE Twenty per veni
which the wage-carter ! P is three-quarters of one per is shamefully explored by the
fiteering of the capitalists
de-
Thu
the psychology has veloped whe work harder increase the bosses profils
Flox pretir
There is
3
Capitalists wowrang
mainstre
The raputal which
the rufusti vai
Butan has been amassed
TAXATION'S EFFECT
Nor do we hear much from
propaganda platforms
Ol the effect of taxation on pricus. Take breweries, for inst
for instance.
Out of eve
every £1 received by Whitbread's beer duty
3d wages, cost 2 A manufacturing, selling und
* Bank Ek Asi INSURANCES
Finion UnderwiiterS
UK Fire SHIPPING
Asin Nav
DOCKS, ETC K Wharf X P Wharf Dock Provident Will Clock
10000 alk
115 1630 $20 s
135
777
5.20 5.50
140
1.18 1.30
100 102 6.75 374 18 500 13 70 14 25
17 515
35
100
341
35 200+
LAND, ET HR Hea NK Land
ວິບ ' .
Shan Land
Higher Steel Target
Washington, Dec. 18.
An-
'be Government nounced today a new steel expansion goal, calling for the production of 120,000,- 400 tons of sieel per year by 1954. Hitherto the goal
had been 118,000,000 ton
in
by 1953.
The actual outpat 1952 in not expected to elisale
above 116,000,000 The Defence tons. duction Administratina's new plan is to Increase the capacity by a further 5.- 000,000 tons during 1863 to a total capacity of 123.000.- 000 tons United Press.
STERLING
STANDS
MESSAGERIES
M
"BIR HAKEIM"
"LA MARSEILLAISE"
BASTLA"
MARITIMES
M
Arriving
Craving
To Fort
Jan
*
dan
13
Outward Гог
Campha Port
Manila, okottoms &
Kobe
Harward For
Africa & Europe
Pro-
"LA MARSEILLAISE
Tan 3
Jul
A
Jar
}
Morsetiles via Moatia
A Salcon
BIR HAKEIM
tom
Jan
A
MORTAIN"
FIRST TEST
London, De
18
Genes al satisfaction was being after 100 Toured here Pan morning
the Fodial performance Lemien's reopeneri change market
300
5000 4 15 ! 80 1000 m SK
200 58.
foreign ex
The first day's bustness WAN Red to have here cont-
Than
emped Both gut and ferwond RIOVIM s www rather mot
sterlang i ex-
fr but
13 S 200033 hang mure sgoileaner to
sevements
passengers & freight.
וי
atrien & Legispe
Aprica & Iker afte
freight for Saigon. Port Sand. Tumus, Algiers, Oran, Tangier, Casablanen. Havre, Dankirk, Antwerp $ Rotterdam.
subiect To Change Wills Notice
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong Queen's Building (gr. floor) Tel 26651 (3 lines).
!
PENINSULAR
& ORIENTAL
QUIS NOS SEPARAB!?
STEAM NAVIGATION COMPANY
1
R.M.S. "CORFU"
official
The fact that Pound Sterling
braught up 1 2.80 119 fractionally
whelly
fitise Class our private
200 38
40059
する
45
Jill
other taxation take Materials cost 25 salaries and welfare
11s
500 58*
powied
#d
Humphreys
134, 1414 4000 IN
#
UTILITIES
operations
ut
3d
Tam
by
administration
exposes
Star Ferry
18.60 70 8000 - 11 20
113
450 45
$120
The dividend
-
Light 101 XD
Was
10 AZN 1
above the
200
15
of the
pound
20 M
1 14
anuts for
Loud Woolton
used to
Light ONT
E
XI
#30
2000 :
25
carrentats
chauman of Lewis's. the
DIK
1000
11:40
departinental stores
Out
Brelan
233,
24
106 1
23
pound taken from Every customer in 1950, the cost the goods sold represented 133
the
30 23
520 6 23'
wil be
of
Elect: te
32 21 80 22,4
the thuif and the sƏVIDER miles of people
The Whyt
tregtity of share- Bollers are perzens of mod mate
Wire theve themselves u
means
athers
big
Take some this
FIG
Com-
Impenal Parties
Ilung Chemicals Imperial Tubacco. Courtaul aract Hoils-Boyer These ale not owned by few
There are Heat Capitale is fewer
1,113,000 Share holder. m these thirty
and the average hold
out at about £312
SMALL SHAREHOLDERS Generally peaking, there are about the same number
of shareholders a business. the number of work people
BABY
Ing W!.. fo
Themselves i employed person: who have
employs, ane!
Shareholders
Saved their
MOVER N
Jack 2 Jan. 16 Pel.
2
Las 22.3
wasting it Keen
Take fur
example
+1
ot
Guest, and Nettlefold Turm
867 shareholders. most of then are small share- ; holders.
Dec. 23
Jan.
#
Jan 14
Thus 6,636 of them have
ΣΙ noidings of between
ot 100, 5,940 have noldings between £100 and £200 2.959 have holdings of between £200 fact only 145 JED £300—ia: have holdings of unre
£5,000.
than
For Freight and Further Particulars please apply to:--
AGENTS:
JEBSEN & CO.
Pedder Building
Tel: Nos. 36066-9.
NOTICE TO CONSIGNEES NOTICE
tunskace pet AUSTRALIA-WEST PACIFIC LINE
(708"
are hereby netiled that then forgo being decharged into the Hong. long & Kowloon Wharf & Godown
where it will be u Co's godown eensignees II and subject to the Whert's termis and condutan slocage and where delivery may
of
1
Damaged packages are to be left in the gediens for examination by Consignees and the Company's muc veyors. Messrs. Catiniebael & Clarke the 21st. December,
At It Gm
1831
07
To comply with the General Beside ed Warehure Regulations, consigners, must have a Revenue Officer attendance when damaged dullabie goods are exaḥanca
+ $1
TO CONSIGNEES
BES MESSAGERIES
MNRIFIMEN
Consiglires per (orapany's
"E BAKEIM”
at hade malatied that turn cargo do heute discharged in:10 11 Mom!- kong & Kendem Wher CindowE
where I will be a Co godowZIEN
Consignees risk and sighject to the
More than half of the number of shareholders in thus: capitalist concern are holders of less than £200 of stock
Another impression sedulous- interest ly propagated in the
of Party is that probis have risen more rapidly than wages.
oppsit is he ease INFLATIONARY EFFECT Between 1938 and 1950 Aggregate
of distributed profits Tuse by få per cent But dur ing the same period, according to Government statistics, wages rose by more than double this amount, that is to say by 197 per cent.
form Now since wages IN! erstitions of vastly bigger proportion of the outgoings of industry than do effer! profits, the inflationary
increases is corres- wag? pondingly bigger than that increased profis.
image and where delivery any he the goods are
utaten todas Landed
AL soubo
Damaged packages are to be left In the Godowns for exampalen by Consignees and the Company's RV- Vegas Messie Goddard & Douglar at 10 am. on Friday. 21st December,
1951.
...
comply
W JE
1E
General "Warehouse Bonded
Regulations Conglgheer must have a Revenue
c!
in
It is estimated that it
the r per cent increase of dividends produces an
flationary effect
ગ
Leb
L
just about equal to the inflationary effect
gists in leader when damaged of a use pe, cent rise in the Juttable goods er exuniined
No Clue wall budinaled after
No cians will be sanutted after the goods have left the steamer
steamer's Roary. The the goods have left the
And all cours remaining godown and all goods remaining undelivered Bfter 22nd December, Choclivered after the end. Decem-1951, will be subject to rent. ber, 1931, will be subject to rent.
All claims against the steamer must be presented to the Under- signed on or before the 29th Decem- ber, 1931, or they will not be re- cognised
No Fare Insurance will be effected
DODWELL & CO., LTD.
Agents.
wage-level.
Our total national income for 1950 was almost £12,000,000,- 000 twelve thousand millions. How was it spent?
Of this, seven thousand mil- All
the claims against
stemine!
lions to the under
went must br resented
or wages and Red on or before 19th January,
salaries. The gross trading pro- 1952, or Ricy will not be recognised.
of public
companies No Fire Insurance will be effected.
1,692 millions.
MISLEADING THING CIE DES MESSAGERZES
MARITIMES
Hongkong. 17th December, 1931
Special for $ THE CHILDREN
English made
AUTOGRAPH ALBUMS
in delightful colours
from $3 to $7.50
At South China Morning Post Hongkong and
Kowloon
was
But อ gross profit is an en- tirely misleading thing. For out of the gross prolt provi- sion must be made for taxa- tion.
This took £761 million from the companies. Provision must also be made to replace plant
counted for fourpence farthing
ان
Salaries, wages and Pensjons ecoursed for 2s 2d But the State took in purchase tax and ¦
me tax more than the total for wages, salaries and
זיון!
350 24
શ્રી
400 21
2021
200 217
22
2300 27.
sate felt to be encouraging.
sperdiet! other than Unateh
States dollars. French
francs.
Pulch guilders and Swiss francs
announced
later
this
AMENDED NOTICE TO PASSENGERS
week after neg-tiphons on the SAILS:
Heessary revision of outstand bilateral undertakings,
Meanwhile, the existing offi
cial quotations remain effective Thure
was no sign yesterday
154 at the relatively favour BAGGAGE:
17TW
Macs Elve Thi
12
14.40
2
OP INDUSTRIALS
C'erent Kope
1 10 25 2000
1000 72
160
STORES. ETC
Duiry
30 19:30
2626
to be precise 2s Far from the profits of Bri-
andory being con Dish
Brea they are insufflech to permal
keeping the industrial strme - j the healthy and up to date
we shall pay for this in decline of competitive power. Moreover, unless private in- dustry does make a profit it as lifeult to see where the money 14 CTLE from wu pay the: losses on the nationalised indus free!
SOCIALIST'S WORDS
One may 10 gu perhaps Johnson. quite so far as Dr
!
Walsall
1. Cawlord 367, 37, MISCELLANEOUS
Entertain-
500 W 19 10 3206... 19:25 150 6 20
Chicago Grain
Futures
Chicago, Der. 18 Prices of grain futures closed
who observed that "there are few occasions on which a man today as follows:-
Wheat-price per bustiel harmfully employed Spol than when he is making a little December mouey! But I heartily endorse March 1832,
Mus Samuel July the sentiments of old
the Curn Gompers, the founder of American Federatio of Labour, Spot
December when bu sand
The greatest wrong an em- May loyer can perpetrate on
his July employees is to fail to make a
R
184
2 12'-'
2134-2.4
December March 19521
Gats As for the idea that extra ecember effort will merely
the Moron swell
1952, New York Momper 201) It Suck
behaviour of sterling
against
The dollar was the outcome of any oficial intervention.
It was apparently not yet de
whether the
ided
Exchang
Equa isation Account wil! operate in the pen market be
THURSDAY. The 20th DECEMBER at 6 pay for the UNITED KINGDOM via Straits, Colombo, Bombay Adden and Port Saud
All passagers baggage must be sent the Hongkong & Kowloon Wharf Ca's Gotown at No. 2 Gute. Canton Rond Entrance by NOON on Wednes. day the 18 December.
tween the new Bank of England SPECIAL NOTE: With the exception of hand packages
Junds or ly at those units Reuter
N.Y. Foreign Exchange
Closing rate December 18
| Ounade dollar
England - official
Anafelal
30-day futures 90-day futures
1 asked Italy-trai
US$0 97
7 793
2,41 bid/
2 44 asked
201 26)
2 A24.
2,597-
2 787%
2 50%
2 769
Australia poundi
23.
New Zealand + pokradi
779
1922
South Africa ponada
200
Mar 19521
1964
Belgium
10%
1.35 135'
Denmark
1435
Frioce
020-9
West German Deutche
mark
4.20
Huliand
20301
1106+
Norway
14415
Partagol
1340
[i
Sweden
Switzerland
220%
MIDDLE EAST
Egypt (ponyta
2 NOT
Jean Mal
0312)
Tray ramar
201
Turkey Cra
5375
LATIN AMERICA
Argentine-offic!al
Fu
1500
Chile-free
0150
4135
1,50
1155
employers profis, I cannot da Ponted Press. better than quote the words of Mr Jack Jones,
Socialist M.P. who, in the late Gover ment, was at the Ministry of Supply. He said:
.f
Forgel the idra that you produce an extra to the boss will get a bit more pro- fit. The Chancellor of the Ex-
after that. chequer looks you don't think so, ask your boss about it and he'll show
you!"
Tin Price
Deadlock
11
Washington, Dec. 18. Secretary
State of
Dean Acheson may step into the deadlocked tin price dispute between the Reconstruction Finance Corporation and the
LONDON TIN
MARKET
Was
Spaan
London, Dec. 18, Prices of tin were steady this
Brazil Turnover morning.
100 Bas iens, including 10 tons for cash. Prices closed today at the end of the official morning ses- sion as follows
Columbia
Cau
Mexico
0500
Peru-free
Spot tin, buyer
0121
Uruguay
4250
Spul in, seller
D15
Venezuela
2005
Business done at
912!
FAR EAST
Three-months tih, buyer Three-months tin, seller
907
India
2102
Bualness done 41 Settlement
DIO
012
910-005 Hongkong
Pakistan
2030
1755
R010
-United Press.
3395
380 yen to USȘI
-United Press.
Singapore Rubber
Futures
Singapore, Dec. 18. Prices of rubber futures closed today as follows: -- government, it was Number 1 rubber, per ju.
Bolivian reported today.
Mr Acheson in turn, Inform- ed officials said, may take the with President problem
at the White House. Truman
Mr Acheson's nides are re-
up
ported preparing "briefing" to acquaint him with the argu- price for Bolivian ment over
in ore.
RFC Director Stuart Syming- ton has retured 10 pay more
December
January 11962
February Number 2 rubber.
December Number 3 rubber.
December Number 4 rubber.
December Spot rubber, unhaled Black crepe No. 1 palp repa
139-140 138-1302
1344-135
Indonesia
Singapore Japan
Mild Recession. In
N.Y.
Stocks
New York, Dec. 18.
Bonds took a downward path
moderately
in
active
today trading.
Selected rails were 'in aupply
a decline end paced
in cor- 130-1314porates, in which changes for
the most part are off a paint er! less.
12514-120 139-140 104-106 157-102 -United Press.
Recent slight demand for government loans that had kept federal bunds steady eased particularly for the medium and issues. Asso- ciated Press.
than $1.12 a pound for Bolivian New York Cotton longer maturity
and machinery, which is con- tin. The Bolivians have raject- tinually deteriorating, and this ed his. They are holding out took £550
million.
pound.
So only for $1.50 a £372 million was available for
Meanwhile, dividends and for paying in- terest on borrowed money
True the
American lin
Futures
New York. Dec. 18. for domestic User's Prices of cotton futures closed nave dropped to a new low.
today as follows:
companies public
received £455 million from other sources, but if you add
Some officials fear there may Sust
not be enough tin to Inst beyond March: 110521
Mov
the first three months of 1853-) JULY
that to the 872 millions you get without dipping into the biggelober
a total of 827 millions out twelve thousand millions.
Father different
from
At morning
41.41-41.0
41.76-42.201
40.04-40.68
30,42
30.02
37.40
EMBARKATION:
Carried by sengers themselves. ALL BAGGAGE must Pass through the Wharf Co.'s Godown for loading on board by ship's slings only.
Will take place on Thursday the 20th DECEMBER between 2.30 pm, and
3.01.
Only
Canadian Pacific
Fly To
AIRLINES
VANCOUVER
*Connections to all major cities in North, Central and South America.
Empresses of the Air
WINGS OF THE WORLD'S GREATEST TRAVEL SYSTEM
GROUND FLOOR, UNION PLDG.. TFLS. 3200U+Y+B
GR. ADVE
Pacific Far East Line, Juc.
Fast Regular Trana-Pacific Service
OVERLAND
NEW YORK-CHICAGO-DETROIT-TORONTO MONTREAL AND ALL AMERICAN & CANADIAN CITIES
Regular Service direct or with transhipiment..
Quam, Marina Islands, Micronesian Islands
of stockpile which
the
has been ac- December
March (1053) cumulated for war emergency May
37.23 nomin?
DIRECT BAN FRANCISCO, LOS ANGELES
-United Prog",
purposes,
plature drawn for us on pro- State Department onelata
paganda platforms, is it not?
concerned with the problem
We hear a great dont about are reported opposed ner London Rubber firms which mako profits but misting the FC to touch the very little about those which strategie stockpile. Assurinted
make losses. Thus, Associated Press.
Paper Mills is paying a divi-
dend of round about
twenty
per cont. But this in,sinor
It was founded in 1920, hun.
Hall*
-For
Dec. 2 Han Francisco Me Los Angeles San Franglaro & Los AngeleW
Vin Kube
Futures
Vornel
From
AKTİVOR
U.S. Metal Market
Now York, Deer 18,
London, Doe. 18. *TRADE WIND Prices of rubber futures ploscú. "ALAIKĄ DEAR) Inday as follows Number 1 rubber, in caufa))",
San Francisco
Biralls
Ded. 21
Dre. 20
Dee. 31
"FLYING' 'ÁÒUN“ KØRINA DEARS.
Son Frucisco Ban Francisco
Jan. 20
Fol
Jun. 21.
Fels. T
Ban Francisco & Low Angolo
Boo Francisco & Los Angeles
via Yolroom
BBC to en
United Press.
had to write down its Prices in the metal market appraiser
capital as the result of lorpen hore cinsed today uncharged as a
Incurred.
with the following exceptions- ) omilitonsTM
Lead, Common New York, September thie per lb. 21.00.-United Press.
By thee of the fortios for every pound
of the nlunteen-
October/December
For: full baritestars call Unlied Biztes Lines Co., Gozeral Agente, Queen's Buliding, Tel:'28190,
No comments yet.
Private notes are available after approval.