Royal InterOCEAN
SAILINGS
To
MAIDEN VOYAGE
LINES
To singapore, Java &
Japan Port
ZINES
singapore, Penang & jakarta
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Higapore Penang & Bell Singapore Airles & S Japan 20, IN
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Monāla. Kingapore,
singapore, Java & Macarsat
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America
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Jan 1016
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N America.
Africa, Singapore
Manila
Farpan
JAYAN
ם גיז דין
UP A Uwan
pa Parts Pearing
Melaw in
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General Agents,
HOLLAND EAST ASIA LINE
RAILINGS TO EUROPE
"AAGTEKENK"
Jas
15th
"OVERU SEI.'
Feb
TIL
"INOGKERK"
Mar
Th
"ARENDSKERK"
Api
SAILINGS FROM EUROPE
Rally
Arrives
Rotterdam
Hongkong
"OVERIJSEL"
Slied bec
13th
"HOOGKERK"
Saxed De
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Feli
4th
"ARENDKERK"
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"KIELDRECHT"
"AAGTEKERK"
Mar Apr.
30th
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Apr
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2nd
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8th
Singapor!
Nodig port
KING'S BUILDING. TELEPHONES. 28015 TO 28017 TEEN: 31296, 25133 CHINESE AGENTS B2, CONNAUGHT ROAD, L
AMERICAN PRESIDENT LINES
S.S. PRESIDENT CLEVELAND
is now scheduled to sail
for
HONOLULU and
SAN FRANCISCO, via
Kobe and Yokohama,
at 4 P.M. on Wednesday, January
Embarkation time for passengers from Hong Kong will remain as previously notified. Le. 8 P.M. to 10 P.M. on Tuesday, January 8.
St. George's Bldg.
P.O. Box 51.
Foreign Exchanges In NY
Carado
Enpland ofReial
utofficial
New York
15$0.99
Jan 7
2782 2.381/id/2 41
30-day futures
2.78
2.773
2.231
2.004%
2.70%
90-day futures Australia
New Zealasick
South Africa
Belgian
Denmark
Tialy
Norway
Portugal Spain
Sweden
Phone: 28172 5.
Uptrend In
Cotton Meets With Reverse
New York, Jurs. 7. Cotton futures apene:! 10 10 90 cents a bale higher.
THE CHINA MAIL. TUESDAY, JANUARY 8, 1952.
Concessions To
HOW TO FIGHT INFLATION MENACE
Be Extended Stern Use Of Monetary
Washington, Jan. 7.
The State Department said
that today
certain duży concessions granted cn oil Imports from Vent zuela, the Netherlands and other countries
be will extended another year.
10
A 'refnction of 101⁄2 cent F
Js granted per darrel Venezuela, the Netherlands and other countries on off imports not exceeding five per cent of the crude oil production in the United States United Press.
EMPIRE FINANCIAL TALKS
Experts Assemble
ליונר.
In London
Landa, Jan 7 finance officials and uxe of the Com- Bowenith and Empire assem bed heer Hus week-end to be-
talks on Tues # preparato
atory
way for the secret interence of
Finance Manisters be
in hevdan 8 Jars 15 The son of the conference is financially right to ja Bai with the rest of the world, par-
wularly the dullar urea.
About A
British
Treasury officials
Commonwealth will take a week to prepare the agenda Lat the crucial one-week Austen, discussions
C
They will be collate statis- present paymen! The Sterling
Alca.
30-1
wille Betain banker, s toring though.
Countries
represented at the ar Botan, India Pakis- Ln, Ceylon, Canada. Australia. New Zealand South Africa and
מין:
desia
Weapon
Drastic
And
Reparations Economy Conference
(By GEORGE SCHWARTZ
we
London, Jan. 7. According to the Keynesian doctrine, should have had public works in the 30s to deal with the depression.
The author of that doctrine would, if he were alive, I am sure agree that we now have to have a depression to deal with the public works, namely
rearmaments.
HONGKONG SHARE MARKET
(From Our Correspondent)
the
Mor
Stock Exchange this was valued at $528,- 132 50. Noon quotations and the
Pessimism
WIDE CLEAVAGE OF VIEWS
Tokyo, Jan. 7. Wide differences were to- day reported to be dividing the Japanese and Indone sian delegates here discus- ising Japan's payment of re-
parations to Indonesia.
In the 30s public works were required to take
Turs was little optimisn the slack. We now have to
, the talks could be ended by create the shack to take up! hr raidate of the month, clear- the public works. Thai is tng the way for the Philippine the economic issue for 1952, nogotiations, scheduled for
Indonesia has now submitte: her draft plan, which Japanese
and it has to be resolved month's end.
without inflation's artful aid.
moning's transactions SHARES BUYERS SELLERS SALES | NO! GOVT LOANS
L
||}
Thr
Man
, murces regard as unacceptable The word depression bus ugly on many points. associations.
no | but the e
Japan's counter-draft was question today of the general de- understood k propose: The volume at business donepression that used to constitute Japan will pay reparations by
bour.
Sume offering free services-1, in pro- the sequel to
pnches of the reonomy
will cessing raw materials or partly
finished suffer, but the cause will be a
goods sen! by change as the pattern of demand, donesia. 2 salvaging sunkes:
total effective says. decline in
icchnical giving and economic assistance Indonesian agriculture, Asheries. commerce and Industry, 4 giving technical education an puetical training to indonesians in Jupro
in It may at the moment be get-
to reparations. as much butter a Japan ting nearly
having difficulty ist because the arranging ordinary before, but that is
trade with armaments programme is only an Indonesia
Japanese sources say
demand.
It is a mistake to believe that
United States. confesat.3 with the saine problem, is with out any
630. getting and the butter.
1 1 ᏐᎸᎬ . 94
279094
BANKS
F1 Bol
Kext Asta INSURANCES
L'atel
1035 1045 150
140
1625th.. 25+ 1040
235
3410
kinderwriters
5.30
HK Fire SUPPING
145
Ava Nay
20 130 10.000
4000
DOCKS, ET
NPI Want
K Whet
יד 14
Shut Dock
W Back
AND ETC
Kana Shel Land
Mr Oliver Lyttelton, British Polonial Secretary. will repre
tal territories. calizza The Finance Ministers will be presenting the nggest mal- taleteral trading area
J' in the world covering £12,750 miļkon
xjul, and imports -Reute!
Drive To Stop Steel Walk-Out
Washington, Jan. 7.
The Wage Stabilisation Board it #op-ine-steel-strike rive today by appealag to the dry and CIO workers 1 het aside the “imupediate in behalf of the interest" t's safety The appeul came from Bourd Chuan Nethan P. Feinsinger
the full Board began drafting e programme for hearings which with start on Thursday before special six-mon panel
He is confident the strikes pati 1 headed off
ان
Tht! steelworkers originally had xe Jan. 1 for the start 3 strike in support of demands for an 18-%-ceni-an- bour wage incroake. but the trike was put off, following an
Humphreys TILITIES
102
** 0050
the guns
addition
120 early stage and no, up tasches the problem results from Indo- nesia's demand for more settle-
ent
dolls than Japan is in ilting to arrange.--Reuter.
dule at that Already there have
sho tages strains.
50
103
72600 i
6.90 been 13%
acrifices.
1378 13 85 2000
3.90
2005 3034 1000 381
400 ( 400
394
58
141230 14.70
800.
1490 17:15
400
ין
METAL SHORTAGE
and
For example, the shortages of such metals as steel, copper an.1 aluminium have led to d:ustiz culs in civilian production.
run
Car production is now
at one third below last ning "Iyear's rate, and in the first qua. - ley of 1952 . will be 40 pr. cent
below.
P.L CLAIMS
Manita Jan. 7. Final estimate of Philippines reparations claims from Japan will be determined at a special meeting of the repurations sub-
committee tonight.
Hems which it is reported be exacted from Japan as
will b Similar culs have occurred in
Tram (N) 51% 110-15 Sla: Ferry Cugat 101 60 880
400
815 8.778
Electric
2424
300
23
300 291
vision sets,
700 in 234
Exc (Bonus) 21 2214 Telephone INDUSTRIALS
C
820 the output of radio and tele-
experts
reperations ineinde:
1. Use of Japanese
equipment in salvaging sunken vessels in Philippine in Manila
and
18-
All the major consuming dustries are rationed fo: steel, pper and aluminium, and for a 77% 2000 @ 17
large range of goods classified as 10017 Less essential the cuts are very i
heavy. At the moment the avail- able stocks are plentiful, but the consumer will feel the pinch in 1952.
Rope KTORĖS, ETC
Day
Tipwind
Z!
1910 191
201 Pri 25 3014
Wat mesra
600 # 19.40 2000 1025 700 in 20
LONDON TIN
MARKET
London, Jan. 7. Prices of tin: were hrm today Turnover was 150 tons.
INCREASED TAXES
These restrictions, designed to enforce a switch-over to arma. ments. have inevitably crented dislocations in industry
Last month there we 100,000 unemployed in Detroit alone. us ir: cal the break a esult of production prior to new wok on defence.
The cut-back in civilian out- Proces closed at the end of the put will be matched by a curtail. official follows:-
ภาษาineg
Divers Sort tim Spor un sellers
as
ment of private spending power,
waters, particularly harbour.
2. Processing of Philippine materials into manufac- & W tured goods in Japanese foc tories. Associated Press.
Britain To
Join Hunt For Iron
Toronto, Jan. 7. as a result of increased taxation
British, Canadian and French Apart from increased company Anancing interests have agreed taxes, with an excess profits tax in principle to psed an initial
Lest individual income £200,000 to
the direct shipping qualities of a high- grade Tron deposit Dear The
session
9132/1 1935
152
047
948
in addition. Laxes are up by about 930-945 cent. 9624 United Prest.
11 pe
Business done at Three-months tin, buyers Three-months in, sellers Businese donc at Settlement
appeal by Fresident Truman for New York Sugar
45 days from the star of the WSB hearings.
Mc
ان
Futures
A curious feature of the pre-French Foreign Legion post of sent situation, and one which Fort Gourand, in the Sahara, of makes the authorities cross their French West Africa, figures, is a large rise in personal The programme may even- savings. This has cased the in- tually need £20,000,000 if pro- flationary presure, but it is reduction and ro:) building plans
are thought worth:
worthwhile. cognised that all the clements of
the agreement, renewed inflation are still pre-
French Government. French scut.
ONE RECOURSE
Under the
banks and mining companier
Feinsinger
The said, oter Country is in safety
New York, Jan. 7. If the United States cannot will supply $1 per cent of re jeopardy" and added that the success or failure of the hearings World sugar futures closed escape these economie headaches quirements,
today to higher with sales what chance have we here, with per affect the ability of the would
an adverse balance of payments owners the remaining 15 per nation to protect itself in this totalling 76 contracts. crisis.
The Board is placing its confidence in the capacity of the United Steelworkers of America and the steel industry to meet the needs of our times," be said, "I am sure our confidence will been mis- to have
cases The
directly at lasue involve 850,000 workers in com- contracts whose wage panles expired on Jan. 1 but wage rates throughout the industry and in much of the aluminium industry
the -are ritting on
of outcome the steel dispute.
Mr Truman referred the case to - WSB with instructions to recommend a fair and equitable settlement acceptable to both parties.---Assonlated Press.
The market opened firmy Gu askça trade
commission house And buying, with gains extending to about $I u bale. However, the prove not uptrend was reversed on profit-placed." taking and hedging, attracted 0198
sharp advance the by
in market late last week. Increased hedging was partly associated with
in the 10 more, activity
Traders primary spot markets. looked for further support in futures through export business, with numerous credit applica tions reported pending with the Export-Import Bank. The latest credit authorisation involved $12,090,000 to Spain for pur- chuses of cotton here.
France
West Germany
Holland
1455 0028-4/16 420
2630 1106%
1405
U348
0265
4295
Switzerland
2241
Middle Exa
Egypt
2.88%
Tran
.03128
Iraq
2.81
Turkey
6375
Latin America
Argentina
OTOR
Brazil
0500
Bolivia
Chile
Columbia
.4028
Cuba
1.00
March
1159
May
0300
July
Uruguay
4230
December
Venezuela
2000
March
Far East
India
.2007
Pakistan
2030
7750
8040
3500
Mexico Peru
Hongkong Indonesin Singapore Іпрай
Mid-morning prices were 70 cents a bale higher to 30 cents lower than the previous close.
October
42,75
42.50 42.10-11
30.54
39.16
32.00 Unquoted Associated Press.
42.23. 42.63
42,35
42.83
· NEW ORLEANS MARKET Spot
March (1052).
360 yen to May
US July
Prijad Press.
Pepper Quotations
New York, Fan: 2,
In the black pepper markét
October Decemb
March (1903
| May
-30.31-39.473
20.01.
London Rubber
Futures
London, Jan. 7. Prices
futures D rubber closed today as follows: Number 1 rubber, In cents
per lb. Fobruncy Match
April/Juno
July/September
Dewber/December
Contract No. 6 closed 1 to 3 123 higher, with sales totalling contracts
Contract No. 4 (world)
July
સ Teronto firm 84 cení, and British steel
March (1952)
4.72 bid
May
4.71 bid
4.71 bid
September
October Spot
Contract No. 8 March May July September Octobe Spot
sil to be corrected. with nu cent
of taxation left. margin
and Management of the new com-
will no slack in the labour pany
he in the bands of with
who an engineer from Britain market?
in The Government has only one expects to leave
February and drilling equipment main recourse, a stern use of the with
to start
15. monetary weepun accompanied labour by drastic economies in its own deposits. non-military expenditure, which
a
means
in
5,41 nominal 5.48 bid
as well.
5.64
5.70 bid
5.72
5.45
4.72 bid 4.32 nominal 4.70
United Press,
PACIFIC TRAVEL CONFERENCE
Tokyo, Jan. 7. Japan would like to be host to the
the next meeting of Pacific Travel Conference, now about to asemble for its first session from January 12 to 15 of Honolulu.
M: Gich Murakami, Japanese Minister of Transportation, to day told his country's delegates 401-4115 to the
Conference, that Japan 41412 4914-41
40-40%
United Press.
20.00 hid
NY Stock Exchange
United Press..
Teheran, Jat, 7.
would like to have the next meeting here because of Japan's doolset to promote tourist trade.
Antiated Press.
No New York, Jan, tad Exchange Rates
Dow Jonas averages at the and of the Stock Market sosalon
spot inaterial was offered at The Indian Embnery here stood as followed manalo
$1.24.
a. pound. Local rosaliers has cabled New Delhi arking 30 Industrinis 40145, 270.84 GameA quoted January perivale at 61.27 for a fully authorised Ministry 15-Utilit GAMES AT LAT.90 padze, MAA January hpment pl. #1.03 and, di Commards, official to show 120 Hall February at Kab, all on un ex- chude n-trade #greement with 40 Bonda dock Basisekimated Pressi
Persistenter.
---United Prosa. A FEW
testing
The possibility of laying
from effect wielding the 200-mile railway
Fort yea at Villa monetary weapon against itself Gouraud to the
Cimeras is being investigated.
of
Nineteen hundred and fifty-two It is thought 4,000,000 tons will be year of squeeze if the ore may be shipped each year.
2 is to show up at the end of it-London Express Service... with a real value no worse than
at the beginning.
The January sales are a symp- tom of the opening squeeze.
They should set the tone for the year. Splendeurs et mixeres de in pair.
Grain Prices
In Chicago
4
Chicago, Jan. 7. Prices of grain futures were generally lower today. Wheat futures closed 1% to 2% lower.
Prices closed as follows: Wheat-price per buahel. Typot.... March ny July Sopteinber
Corne
2.50.
イ CATHY-
Argentina's Trade Pacts
Buenos Aires, Jun. 7.
The newspaper La Prensa said today that Argentina was study- ing commercial treaties with
West Spain, Italy,
Germany, Britain, Chile and Brazil.
The
said commerciul paper relations with Spain were enter- phase end that ng a new "studios
June are IniliatedTM in now reaching a quicker tempu toward the traditional friendly relations between
ween Spain and
taly the paper
under discussion le
102 nominal the opening up of a period in frankly, favouruble for the in- terchange of goods, particularly with the
the
Regarding Germany, It anid; The newsambatuder will pre-
No. Took rent his uredentials on Tuesday."
-United Pro13,-
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15
10 a..
13 Jan. 10 p.m.
16
"
3 p.m.
Yokohama
19
9 a.m.
Kobe Hongkong
21
9 a.m.
20
22
1 "
p.m.
3 p.m.
"
25
-
5 p.m.
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P
PATTISON ORIENT LINE
LIMITED
"LAURE PATTISON”
5.5.
Due From:
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In Port
12-14 Quéen's Rond, Central,
Sails For:
DIRECT Púsan & Kobe Jan. 10th, 1962.
CHINESE AGENTS:
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OVERSEAS CHINESE STEAMSH!! CO
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