1952-01-10 — Page 9

MESSAGERIES

M

MARITIMES May

M

Ontward For

Manila, Vokutiama &

Købe

Arriving

Leaving

14

FAKTL 13

!"

Zy

Nalgun

"LA MARSEILLLINE" Jan

"ZELIDIJA“

BIR HAKEIM"

LA MARSEILLAISE”

BASTIA

***MORTAIN"

זי

Homeward Fur

Africa & kurope Marriles via Mona

& Saigon

In Pon

10

N

Jan

25

Jan:

**

Jan 27

Mar

Jan 28

4 Mat

N

N

passengers & freight.

Africa & Europe Afrka & Europe

freight for Saigon. Port Said, Tunis, Algiers, Oran, Tangier Casablanca, Havre, Dunkirk, Antwerp & Rotterdum

Subjees To Change Without Notice

CIE DES MESSAGERIES MARITIMES

P.O. Box 68. Hongkong

Queen's Building (gr. flor) Tel. 26651 (3 lines)

M.V. “LA MARSEILLAISE”

will sad fon

Manila, Yokohama and Kobe

1/1

Sunday the 13th of January, at lu P.M.

pine: teri fu Lourd the vessel with Pasong is are thru cabin baggage . Sunday the 13th of January between 6 F.M. 19 P.M.

THE CHINA MAIL, THURSDAY, JANUARY 10, 1952.

May Not Meet London Market Thinks ROYAL IVterockas Laves

Commitments

The Incre

Com- John

Canberra, Jan. 9.

Australian Minister, Mr McEwen, said today it ap- peared that Australia would be unable to meet her com- lements this year under the International Wheat Agreement.

Australia bad contracted the agreement, he said, 10 bushels of sell 88,700,000 wheat annually on the world market at 18/1d, per

bushel.

The latest advices seem- ed to Indiente decline in whees in the coming year. he said.-Renter

Reparations Agreement Reported

JAPAN-INDONESIA CONFERENCE

Tokyo, Jan. 9. Japanese and Indonesian discus- their delegates, in sions on reparations, have reached agreement

on cer-

America

Will Resume

Buying Of Malaya Tin

(CUR CWN CORRESPONDENT:

London, Jan. 9.

Mr Churchill is expected, during his talks with President Truman, to raise the subject of American purchases of tin.

Resumption of tin purchases by the world's biggest consumer is considered here to be one of the best ways the US. Government could help solve the Sterling Area's acute payments problem.

The belief is growing, however, that President Truman may already have taken a decision to resume American purchases of Malayan tin.

fu

and

time.

Since the Bolivian-US nego- Resignation of Mr Symington, | head of the U.S. Reconstruetlations began last September tion Finance Corporation-who e Slogspore price has was responsible for the decision tuated between 90 cents to suspend tin purchase--and $1.21 a pound. In that

the United States had not Bolivia In the bought from Grst four weeks the price just below what the RFC had averaged slightly under $111.

offered to pay pending a final

the fact that American manu- facturers stocke are rumming low, are believed to presage the return of the official US. buyer 1. the tin imarket.

1.

Wnik İ Washington Mr settlement,

r:his

10 also expected clarification cf the US. kpiling policy for other

tain aspects of the probing commodities. lem

The punts of agrement are sed to be as follows:

of sunken Salvaging (1) shape by the Japanese for in- onesia will be made where the two nations tecide if technically and

practicable. Cecinacally

end Japan wall despatch an in- quiry team for the purpose

Bagage Poom aand Hold Paggage will be registered motives, dynamoes, at Kowloon Godown No. 50 (No. 2 Gate, Cantor Road, Enterated

the 12th of January between SaluroNY

67% M

ardus rial

askare wall

a wepted

9 AM. and Noon.

No after this time.

services. anct

t.

ון+

above

Experts thought that in the United States resumed the buying of tin it would send the price up

the current quotations.

The Singapore price is of

con- idered the world price because it - an outlet for Malayun pro- which JB half the luction world's fotal.--United Fress

Ta huge dollar gap revealed - Mr Butler, Chancellor

Exchequer. this week. The Sterling Arra faces og bankruptcy in 16 months

strong unless

measures are

th takon shortly to improve prymmunis postion

The deterioration that has (11 taken place in the balance payments potion In the last Turnover

been less due orward. six months has to increased Commonwealth im-td ports from the dollar area than In the sharp fall in price of some Sterling raw materials.

METHODS

U.S.

And.

the Manchest Guardian financial editor points i out today, this has despite the fact that

powe. many meteral, in a certain railroad and other will Japan gunds. Indonesian demands

uf

cotton and ch will not be or-

happened! the supply oped since able to ham-

of most Sterling commodities has (3) Cost of sending Japonly increased moncrately siner

for technicians free ser abesc

the peak of last year's commodity viera Imitnesia will be borne

boom! hy Japan if they go by Jap- However, their anese ships maintenance cost will be paid by Indonesia.

for registention Japan's foreign trade.

CIE DES MESSAGERIES MARITIMES

P.0. Bez 5, Hongkong

Queen's Balang (pr. flot) Tel. 26051 (3 lines).

Survey Made Of

Sterling Area's

Problems Money

London, Jan. 9.

Some 45 senior Government officials and ex- perts today completed a general survey of the payments balance and other problems of the Sterling Area.

The countries represented at the conference are ladia, Pakistan, Ceylon, Canada, Britain, Australia, New Zealand, South Africa and Southern Rhodesia.

b

experts Empire territories and a senior The reports of the will

their Canadian official made reports. 11 submitted

Meanwhile Mr Finance Ministers, whose dis-

J. R. Jaya wandene, eussions will open in London on

the Ceylon Finance Minister, lett Colombo today by Tuesday.

air for London to lead Ceylon's Indian and The

delegation to the conference, delegates spoke at this

left, ing's session, representative

Pakistan morn- by 11 South

followed of the African Finance Ministry.

of

In the afternoon a spokesman the British colonies and

he

Mr

Before Jayawardene said that апу dollar deficit could be met by Ceylon's drawing on the Ster- Ing Area pool to which she had Ing been a

consistent contributor during the last 12 years and, if necessary, on the International

Role Monetary Fund.

Major Role

Of Malaya

Singapore, Jan. 9. Malaya's contribution to the dollar pool between 1948 and 1050 was about $650 million out

now

to Therefore, any suggestion redress

Area's the Sterling dollar deficit by restricting in-

have ports would

to be con- sidered by Ceylon

as a which does not expect dollar surplus.

SEPARATE TALES Usually reliable sources

country

חי

some in

(4) Japan will train 300 Indonesian students Tokyo and Osaka, with travel- Ling expenses borne by Indo- meria and the maintenance cost ly Japan.

An agreemen, on these lines would be a provisional one

10

followed by a final agree- ment with detalls. France- Presse.

MISSION TO PL

What has changed, he says, is the method of American stock- piling from nearby purchases to long-term contracts as well a the introduction of internationa! allocations Ior the scarcest materials.

1

HONGKONG SHARE

MARKET

(From Our Correspondent)

t

The volume of business done on the Stock Exchange morning was valued at $270,385. Nocn quotations and the morn- ing's transactions:-

INSURANCES

**TIILUWAH"

"VAN BEUTSZ"

TЛBADÁK“ "BOISSEVAIN"

TJIWANGI"

"VAN HIEUTAZ” **TIPIJALENGKA" ***FASMAN "TALUWAB”

"TURODASTM

THWANGT

"TASMAN" "TIBADANE"

| "TINUWAI

"ROISSEVAIN"

"TJIWANGI"

4.UWAR"

"KTHAAT

MAKASSAR" THIWANGI

"YAN HEUT5Z" "B0188EY AIN" "TJIWANG!"

“TJIPANAS”

SAILING 80,

Jun 11th

12th Jan 13- 3700

JAN. 2kch

5.

Jau

360

Feb

Feb !

-b LIG

ch.

12141

Fak 28th

Ked 20%h Mar 5th

Mar 131h

Mar. 24ch

Mar 31ST

Apr. 15th

Apr

15:

1 Jur 30th

To

DE MAIDEN-VOYAGE

"Singapoře, Djakarta,

surabala & MinenKEST Japan Ports

Semarang

Singapore. Ponung & Djakarta

Japan Ports

Singapore,

Jakarta. Semarang,

Sarabain & Marasse

Singapore, Penang & Belawan Dell

Singapore, Africa, & S

Tapan Po

America

Singapore. Diskarto. Senarat.

surabida & Macassa

1Jakarta, Semarang, Surahain

MACAKAT

Singapore, bjakarta. Semarang.

surabida & Macassar

Singapore. Penang a

Manlia

Relawan Den

Singapore. Africa &

S. America

Singapore. Ojakarta, Semarang,

Surabata & Macassar

Mania, Singapore, Africa &

8. Amerten

Singapore, Djakarta, Semarang,

Surabala & Macassar

Singapore, Djnkacta. Semassa,

Surabaia Macassar

21abila Singapore. Africa +

5 Americ

Singapore Djakarta

Sorabela &

ARRIVALS

Jan. 11th Jan 15th Jan. 10th

From

SCMAYANA.

Belawan Deli, jakarta & Singapore S. America, Africa & Singapore MOCSERT, Sura bala, Semarang.

Djakarta & Singapore

N

America, Africa. Singapore atte Manila

Japan

Penang. Belawan Deli & Singapore Penang, Belawan Deli ✩ Singapore

"TJIDJALENGKA" **TASMAN"

"VAN BEUTSZ”

Jan 20th

Feb. 6th 8th Feb. Feb. 25th

General Agents,

HOLLAND EAST ASIA LINE

SAILINGS TO EUROPE

1.

| RABES BUYERS SELLERS SALEY

HK Bank 1020 1050

"AAGTEKERK"

Jan.

15th

"OVERUSEL”

Feb.

7th

4 @ 1430

"HOOGKËRK”

Mar.

7th

20 1030

ARENDSKERK"

Αμε

7th

ってい

Az

しらね

SAILINGS FROM EUROPE

Unbun

3920 210

15

bally

UK P

"tterdam

Arrives Nongkong

SHIPPING

As Nav.

1.20 1.20

"OVERIJPEL"

saled Dec. 1st

JAM

14cb

DOCKS LTC

"NOOGKERK

Salled Dor, 31m

Feb

4th

K. Wharf

102 104 200

103

AREND KERK

Jan.

30th

Mar

sth

NP Wharf 6.70 0.90 2000

ENT

1090

8.25

"KIELOR CHIT

Mar

5th

Apr.

10th

"AAGTEKEAK"

Apt.

2nd

May

8th

Dock

1734

Provident

1:3.60

S'hal Dock

15244 034

Wheelock

3200 38 75

LAND. ETC

5.60

50

z3

18.60 18.90 Y900 ₫ 75 76 |

120

3.80

$20

550 6 10

LONDON MARKET

London, Jan, . Prices of tin were fim today. was 100 tons, all Prices closed at the of the oficial morning session as follows: Spol tin. buyers Sportin, sellers Business done al Three-months tin buyers 952 Three-mon(las tin. sellers 952 Business done wi Settlement

952-0471 954 -United Press.

Foreign

Exchanges

Cenada

In NY

Meanwhile, in anticipation of Bigland-official the resumption of American tin purchases, the London price of tin has risen in the past few days from £900 a ton to over £950

BOLIVIAN PLANS

New York, Jan.

US$0 90*

2.78%

2.36 bid/. 2.30 asked

unofficial

12

"

30-y futures 90-day futures Australia New Zealand

2.76 2.7h 1.224

South Africa

Belgium

Denmark

!France

Washington, Jan. 9. Bolivia is planning to alter West Germany

Hofland ber demands, that the United

Italy Tokyo, Jan. 9

States pay $1.50 per pound for Norway led by missin

tan and will come down to a Peparations

Spain figure Heater 51.25

for Sweden negotiation purposes. Authorita Switzerland

A Japanese

Juicht Tsushima,

adviser to the Foreign Office, is for Manila around leaving January 25 to hold preliminary reparations payments the Philippines Gover-

talks ch

with ment.

The mission to the Philippines will consist of one representative Foreign Office. each from the the Ministry of Finance, and the Ministry of International Trade and Industry. One interpreler W11 accompany the mission.

Portugal

tive sources said prices in the MIDDLE EAST other lin-producing

was

Egypt

AT CUS

Iran

[raq

Cor

Turkey

would fall into line.

Reconstruction Finance

oMcials

would not LATIN AMERICA poration comment on the reports and Argentina

Brazil the still thought something in

Bolivia neighbourhood of $1.12 a pound Chile

reasonable. The RFC Is Columbia the sole buyer in the United Cuba

Mexico States

Реги The officials pointed cut that Uruguay The mission will conduct pre in many months of negotia- Venezuela liminary talks with Philippiations they had never set $1.12 FAR EAST officials. Full-dress reparations

as the "only" price. There was negotiations are expected to get

the Anal Hongkong no indication that under way in Tokyo when the

point would be as high Indonega Fettling arrives delegation Philippine

as $1.21 as had been published Singapore

Japan both here and abroad.

later.-France-Presse.

Britain To Continue Import Plan

London, Jan. 9. Britain walls continue operate this year the token im- port scheme for imports from Canada and the United States-- but at a reduced level.

Details now being worked out will be announced

within

The best available explana-

of tion

Bolivia's reported willingness to lower the demand after months of opposing the RFC was that the world price of tin has been dropping.

Shortage Of Export Rice

Bangkok, Jan 9.

India will ask Thailand

for

India

Pakistan

www.

2.7844

Underwaters 4.90 145

HK Hole! HK Land S'hai Land Humphry's UTILITIES

Tram

P. Tram (N) 11

Star Ferry..

C Light (01

[

Light (N)

Elect

Bonus!

Telephone INDUSTRIALS

Cement Rove

STORES. ETC

Dairy

2014 2015

10% 15%

I?

7215

10% 18%

261

Crawford

360

Watson

Higher Trend

In Grains

September

Coch

KING'S BUILDING. TEFEPHONES: 28015 TO 28017 TEHENENG AGENTS, 32, CONNAUGHT ROAD, CI TĒLS, 3096 25133

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

M.S. "GRETE MAERSK"

ARRIVALS FROM U.S.A.

JEPPESEN MAERSK"

0100

1455

9028-9/16

1.20

2633

11062,

.1405

higher

0280

0265

0935

2201

Chicago, Jan. 9. President Truman's statement that be may ask for more liberat farm price supports sent graiz futures

Wheat futures closed unchanged to 23× higher and soybeans were 1k to 2% higher. Prices closed totiows:-

M.S.

"OLGA MAERSK"

toosy

M.S,

JEPPESEN MAERSK”

s

2.88

Wheat-price per bushel

M.S.

3126

Spot

2.69% nominal

March

2.58%-4

M.S. "HULDA MAERSK”

2.81

May

5375

2.55-2.00

M.S.

"TREIN MAERSK"

Jury

2.491-2.40

2.007

87A

200

Spot

107% nominal

1.02-1.82

0150

May

1.93%-1.93

July

3.00

September

103-3.03 1.83

.1155

itve

0000

Decembe:

4178

March

2.13-2.13 2.002,

2005

wenbe

March

05-96 844-3

2093

2030

$12.00 -United Press

1750

.3040

395

380 yen to US$1

-United Press.

4025

Sharp Spurt

In

Cotton

New York, Jan. 9. Cotton futures advanced again today but trading was routine.

March

anew York Hour-per 200 lb, Szul:

Interested In

PI Lumber

Balmaceda

It was

that also revealed may while the Canadian Government

Manila, Jan. 9. Considerable interest in Philippines lumber has recently been shown by Canada and numerous inquiries have been received regarding the possibility of securing Philippine logs for the wood-working industries of The market started in 3

it was disclosed today Canada, hesitant manner but, following by Commerce Secretary Cornelio President Truman's State of the Union address to Congress, in which he said that he 400.000 tons of rice this year but ask for more liberal farm price knows most large humber firms

market spurted

in the Philippines are concentra. sharply ahead. the next few weeks, the Board will probably not get the full supports, the

amount. of Trade stated last night

After rising more than $2.40 ting their efforts on the United The Thailand Government

the

States and Japanese markets, it previous closing

a permanent hopes that had been decided to dis- has announced that only 800.000 above

the scheme for other tons of rice will be exported in levels value softened somewhat also

under profit-taking and finished interest in the Canadian market

may be developed

by these The British territories In ticipated in the scheme.

Commodity Credit Corporation firms-France-Presse." They would discuss:

Asia are seeking figures showed that cotton lone What proportion of her

There are: Australis, Belgian South-East

Denmark, 475,000 tons, and there are for the week ended January 3, Ceylon should and Lacxembourg,

India has already begun

of new 'loons picked up slightly. preliminary discussions with The market opened 10 points Thailand about Its 1952 alloca-higher to point lower and tion, in which Mr A, P. Gopala finally finished 8 to 28 point tu Krishtan, Joint Secretary of higher-United Press. at least the token import level the Indian Food Ministry, and

of a total of $750 million from Colombo said that Mr Jaya

all British Colonial and depender would have separate

dent territories.

by

dollar

ts an

KS

#

The Board of Trade said that

Othich previously par- the first 10 months of this year under their high for the day.

Last year alone Malaya's CDR treddition to her gold Finland, France, Holland, India, heavy demands from elsewhere.totalled 11,648 bales. The rate London Rubber

2. What proportion she should Norway, Pakistan, Sweden and

Switzerland.

with Mr Richard Butler, Chan- cellor of the Exchequer, after This was disclosed Mr the Commonwealth conference. O. A. Spencer, Member for Economic Affairs, in a broadcast here last night.

tribution was about $415 mil and dollar reserves. lion, he said.

Malays was spending only hand over to the dollar pool The imports of all goods on about 17 cents out of every 3-Ceylon's right to transfer the token list from those coun- American dollar cared, but for all her No. 2 blocked sterling the country to leave the Ster account into the No. 1 drawings ling Area would be an extreme account so that it would be and the scheme for those, com- Mr S. K. Roy, Indian Charge ly retrograde step, because with available for her to use if neces-

trice had dierefore been of d'Affaires, are taking part. It depended on eary. Singapore wide measure of freedom of frede for much of its prosperity and economic te, Mr Spencer said-Beutor.

Im

INDIAN DELEGATION Mr V. K. Krishna Menon, India's High Coromissioner Britain, wil lend the Indian delegation at the conference.

He

expected to be assisted

Seeds And Oils by Me Raghavan Pilial, Soure-

tries were now licensed um

academic interest.

The scheme last year allowed manufacturers to send to Britain 40 per cent by value of the prewar trade in certain goods.

Reutor.

Reuter.

JAPS PROTEST

Tokyo; Jan. 9. Seven hundred représentatives of Japan's tuna fishermen, packers, exporters and seamen

tary to the Indian Cabinet and JAPANESE BONDS today signed a petition protest

Sir

· Chintaman

Now York, Jan. 9. member of India's Planning Peloos in the seeds and oils Commission.

Deshmukh, market closed unchanged today with the following exceptions India's Finance Minister will Tung Oil Per lb.

not attend the conforancebe- cause of the present gepenal elac- tion ormpaign, In which he ha candidate. He may visit London later for official talks,itauter.

New, Kerkyra 11, 396-40 Flax Seed per tahtel,"

FOB, Minneapolis " 4.01!

London, Jan. 0 Japanese,

"A (14 of 1800)

02%

"B" (4 of 1910)

532

*C* (As of 1907)

105

"D" (B9, of 1934),

78%

E 16348, of 1934) 115% Consol PAMELIORATED: 61%

United Free

ins proposed new US Import

Taiwan Industry Inspected

Taipei, Jan 8.

Market

London, Jan. 9. Prices of rubber futures closed today as follows: Number 1 rubber, in canta

per ib.

Vabruary

March... April/June July/Weptember.

Dr Hubert Schenck, head of October/December the Mutual Security Adminis tration office in Taiwan,ac-

41-63a

4034-41

40-201

United Prem,

companied Mr George L. Arto-

iono, Director of MSA Field Exchange Rates

wis florui in the local

Office in Japan, and de Joseph

well-kodwa Ameri-, Robinson, contour of all Industries lathe towing rate

Industrialist, do an парес-

duties on raw and frozen tuna. Kyodo News Service, said the petition also asked reduction of U.S. dullós on canned and diled

ef: dutler, on (manalhorn, Taiwanking M

Sterling, main(DENTALE, tumn and pegging oached and sailed tuns at the The two visiting Americana Indonesian minder bestper prosent levels, Associated plan to stay in Talwan forman para 2001.

Singapors (ät)})} fortnight-Frando-Preise,

||FIG=/Miren (per 1001 Pres

ket t

AGENTS:

Jan. 18 Feb.

2

Fel 13

Jan.

12

Jan.

16

Feb,

16

For Freight and Further Particulars please apply to:-

JEBSEN & CO.

Tel: Nos. 36066-9.

Pedder Building.

P

PATTISON ORIENT LINE

LIMITED

-$.5. "LAURE PATTISON"

Due From:

Osaka In Port

12-14 Queen's Road, Central.

Sails For: DIRECT Pusan & Kobe Jan. 11th, 1952,

CHINESE AGENTS:

Tel. 25346,

OVERSEAS CHINESE STEAMSHIP CO.

48, Borham Strand, West, 1st Floor,

Tels. 25640, 26127 & 81119.

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WASTE

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