1952-01-11 — Page 9

1

MESSAGERIES

MARITIMES

MOM

Arriving eaving

Outward For

hdalta, Tokotrario a

Habe

Saigon

Homeward For

"LA MARSEILLAISE" Anti

14

Jan. 13

"ZELIDJA”

Feb.

21

Feb. 29

'L.1

MARSEILLAISE"

Jan

25

Jab. 20

"EASTIA"

Jan

JAB 21

Mo 1 MSI

ZE

<

N Asia & Europe

*"MORTAIN"

←

passengers & freight.

*

starvsistua via Manila

Baigon

Africa & Europe

tfreight for Saigon, Port Said, Tunis, Algiers, Uran, Tangier. Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.

Subject To Change Without Notice

CIE DES MESSAGERIES MARITIMES

P.O. Box 58, Hongkong

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

M.V. "LA MARSEILLAISE"

will sail for

Manila, Yokohama and Kobe

on

Sunday the 13th of January, at 10 P.M.

Passengers are requested to board the vessel with their cabin baggage on Sunday the 13th of January between 6 P.M. to 8 P.M.

Baggage Room and Hold Baggage will be registered ut Kowloon Godown No. 50 (No. 2 Gate, Canton Road, Entrance) on Saturday the 12th of January between 9 A.M. and Noon.

No Ingguge will be accepted for registration after this time.

CIE DES MESSAGERIES MARITIMES P.O. Box 58, Hongkong

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

British Alarm

Over Japanese Trade Revival

London, Jan. 10.

The Times wrote editorially today: "In this country the restoration of the Japanese eronomy to something like its activity before the war has been watched with a mixture of sympathy and alarm.

"The alarm, although by no means confined to the cotton industry, has been perhaps most acute In Lancashire."

The paper sald that Japanese He warned that there was too

complacentey competition with the Industries much

high

in

of Britain in particular, consisted places about the serious effects

of several elements. In so far as

It was based on the pirating of of Japanese trade competition. designs and similar unjustifiable

"If we do not take resolute

practices, it could be condemned. action as soon as possible," Mr

that

This country's protests in respect should have the support

Smith said, "I dread to

think of the United States, which had what will be its effects on us in done more than any other coun-ve or six years. By then, the try le set Japan on its feet again. Japanese

over

and

THE CHINA MAIL, FRIDAY, JANUARY 11, 1952,

New Loan For

IL

Australia?

Canberra, Jan. 14.

officially Wis

nounced today that

#T-

two

officials of the International Monetary Fund will arrive

In Austraila next month to be ptbjects to examine developed, possibly fore- shadowing a new

dollar

buan id Australia from the International Bank.

Woold ne 16 Any brobably approximate

United US$100,000,000, Preti.

Shock For UK Cycle Industry

STEEL SUPPLIES TO BE CUT

London, Jan. 10.

Chiefs of Britain's cycle industry, who yesterday were flabbergasted to learn that their steel would be average 20 per cut by an

expect cent from Feb. 24, shortly to argue their case personally with Mr Duncan Sandys, Minister of Supply.

Today they despatched the:

representative.

Major H. R

Wathing, to the Ministry,

Watling

Το officials. Maju!

red the ens 5.873

of the cycle manufacturers, and requested a

BS FOON top level meeting possible.

HS

To the Minister, the cycle in

will point dustry's chiefs

out th81, as well as being dollar earners, they are developing an

export expanding

trade with Britain's overseas territories.

Bicycles, they will argue, arc vital to Injilions in Britain's colonies and other under-deve- loped territories, where the na-

tive populations cannot afford other transport to and from work Bicycles, they will state. form an integral part of native life.

And under present plans firms which make bicycles primarily for export will also be affected by the 20 per cent general cut, but not so gravely as those pro- ducing for the home market.

Production and export figures for 1951, meantime, show that of the 4,000,000 cycles the indus- try produced, over 2,200,000 were sold abroad.

that Malaya

-London Express Service)

|

OIL

WORLDONDUSTRY

SETS NEW MARK

IN PRODUCTION

London, Jan. 9.

HONGKONG

SHARE MARKET

(From Our Correspondent)

The oil men have done it again. According to a provisional estimate by the Petroleum Information Bureau, the world's output of crude oil and natural petrol in 1951 was over 600 million metric tons a new record and the first time that was valued at $964, the industry has touched the 600 million mark.

What has this success test in terms of money? One example bere may be sufficient to indicate the

answer.

The U.S. domestic oil industry alone has been spending at the rate of 2,000 million dollars annually on plant, property and equipment,

And that formidable sum

desart sisting of virgin lungic, pent entirely within the USA jor mountain to dispel any illu- ignores all other, accompany-rtons about the difficulties in-

of valved. Ing expenses, such as cost geophysical surveys, drilling

Ai this very moment the and refining operations, research quest for fresh of deposits is netivities, social services, nar- | being carried on in some of the keting and distribution очет Jnelies quer'en of the world in the hinterland of Australo, heads, etc.

How much the whole interna- British East and Weg: Africa, flona: oil industry's total an- thiopia and New Guinea, even nual expenditure comprises is in the fcy desolation of Alaska. anybody's guess: it is impossible

PIONEERING SPIRIT to calculate Buch a figure and it would be so

so astronomical be assessed. be meaningless even 'f

10

it

There is certainly nothing саку abcut pil production Enought has recently ben writ- ten about the task of conduct ing operations in regions con-

Offer By Russians

To India

Bothbay, Jan. 10.

Ini

scorching beat and freezing cold the search for oil goes cn. And Just Imagine

too. that every of

The volume of business donè on the Stock Exchange this

407.50. Noon

Bari Aala INSURANCES

Canton SHIPPING

A NAY DOCKS, ETC.

quotations

250

Roxan

"TJILOWAĦS

"VAN REUT:2" "TJIHADAK" "BOISSEVAIN" "THWANGI"

"VAN BEUTAZ” "NITJALENGKA”

TASMANT "TJILUWAH" "THROBAS"

Page

INTEROCEAN LINE

BAILING

"IZIN MAIDEN VOYADE

Jan. 1256 Jun 1541:

11. 27th

-In. 281

surabala & Mar

Japan Porta

Singapore. Penang & Djakarta

sapon Ports

Sincapart, Djakarta, Semarang,

Surbata & Mincassat

Singapore. Peñang & Belawan' Delr

America Singapore, Africa, & 5

Japan Perta

Singapore. Blakasta Semarang.

Suratints & Maranjar

Macasser

Semarang,

Surabala &

Singapore, Minkarta, Semarang,

Surabala & Macassar

SIST

Feb.

sth

Peb BN

Feb. 11th

Feb, 14th

Djakazia,

MyJIWANGI

Feb 2xEn

Fel ZACI Your 51)

Mar 15th

Mar 24th

Mar.

21st

"TASMAN"

TIRADANK"

**THLUWAR" “DOİSSİVAIN”

"TJIWANOP

**TJILUWAH

"STRAAT

MAKASSAR” "TJIWANGr

"BOISSEVÄTM”

"TJIWANG

“TIĪPAÑAS"

TASMAND

Арг 15th

Apr. 1911

Apr. 30ch

Singapore, Penang Belawan. Dell Mattila Singapore, Africa &

R America

singapore. Jajakarta,

Semarang.

Surabala & Macassar Mania, Singapore. Africa &

S America

Jakarta. Semarang.

Singapore.

Surubata & Macassur Singapore. tsjakarta,

Surabala & MarasseT

Setunrang.

Monila, Ingapore, Africa

S. America

Singapore, Djakarta, Semarang,

Surabala & Manassat

ABRIVALS

Jan. 23rd

and

the morning's transactions SUARES BUYERS SELLERS HALRS BANKS

nn Bank

eth

GD 180A

20 M 150

140

IN 150

v nar

104

N. Pt. What e.To Back

1716

S'hai Dock..

1957 500 * 131⁄2

31A

"VAN HEUTB”””

Jan.

38% bu

11th 230. 15th Jan. 1

HK Hotel.. HK Land

1.80

DA

Sha! Land

145

Humphreys

14%

UTILITIES

ITSTRALENGKA“

Tram

16.79

2000 19.70

“VAN BRUÍSZ

P. Tram (N) 1244

€

C

Light CO 815 5.00 5375 –

1800 Light (N) 6.50 4.15 1000

Electric

82

109

6.30

13 500 2

16 14%

10.35 16: 3000 @ 18:4

1000

223

253

182% 10% 1500

3815

10

"AAGTEKERK"

"OVERUSEL"

"HOOGEEK"

8

"ARENDIKERK"

201

Elec. (Bonus) 21% Telephone INDUSTRIALS

Cement Rove STORES, ETC.

Dairy Watson

COTTON Ewo MISCELLANEOUS

Vibro

Crawford

China Entertain- ments

17

Japan Bans Shipments To France

what must be done it and when new oilfield is discovered in

undeveloped such

areas: visualise the job of providing roads, pipelines. up-to-date towns for the thousands DL necessary employees and, per haps a refinery and tanker fer- minal as well. Remember. single nut, bolt and sack cement needed for such a pro- gramme may have to be haul- ed to its destination trom half-

the globe. way across

There is, indeed, pioneering characteristic about the oil in- dustry not often associated to day with the prosile activities i of modern commércé.

Its feld drilling crews, pipelines

units geologists,

Tokyo, Jan. 10. Japan today banned the ship- struction teams are constanty operating in territories at vir-

ment of copper products to the fually unexplored. They

French Union, then who penetrating French into

until lately occupied Broas

its trade account with Japan, Here for the opening tomorrow only by the ferre Motilone

which stood at the end of 1951 of India's International Indus- Indians of Venezuela, the war- trial

Exposition.

the Soviet like Bedouins of the

Middle at $9,700,000 in Japan's favour.

The the

account dollor open Union's Chamber of Commerce Eastern deserts, Chairman, Mr M. V. Nestorov, warrter-tribestnon of Papua.

settlement trade agreement with Cha issued а stalement offering

Japan stipulates

a swing or- CURIOUS FACT India machine tools, generators,

count of $3,000,000. Often these oil men have

The

Ministry, electrical

Trade equipment,

of the white race that local in

representatives nouicing the ban, said a sharp increase in purchase of copper habitants have encountered.

products by France accounted. And it mys huch for the tact for the lop-sided trade account of the pioneers that their pene

A Russian representative

claimed today that The Soviet Union could give India the machinery she needs. Britain and the United States cannot do so, he because they are to busy rearming.

textile

and farm machinery, and trans- port and mining equipment.

Indie had ordered them from

been the first

Bre

ton-

are

Savage

J

I blamed the failure of the Government to settle

an-

until the balance was restored.

of France or an

increase in

The Trade Minister sald

sible more than any other single contracts had been concluded for great enterprise for the world's the export of $15,000,000 worth general Industrias progress of copper products with France remains One of the few

during the October-December enterprises left in pioneering

period last year-Unit Press. the true "covered wagon' sense of the word.

Britain and the United States, but deliverles were being de-1 tratton has been "peaceful" and and said the ban would stand layed, he aald. Mr

Nestorov, their presence accepted, without eith Preliminary estimates indicate

received 350,000 saying Russia is not engaged in resistance or resentment. either by payment on the part

rearmament programme, de- blcycles, value over £2,707,800;clared the Soviet Union could oil industry perhaps respon-

It is a curious foet that the French sales to Japan India 208,000, value over £1, deliver the goods on schedule. 722,000; West Africa 195,900, The Soviet Union is interested valuc £1,648,00; East Africa in buying jute, tobacco, shellac, 130,000, value £1,087,000, West

textiles, copra, spices and other indies 27,000, value £221,000.

goods from India; he said.

Mr Nestorov asserted that Indian businessmen are show ing a keen interest in opening

Indeed, its persistent record- corections with Russia, adding breaking production feats could that if India desired she could hardly have been accomplished send students to the Soviet if its pioneering instinct Union to he trained as indus-not been so strong and borne trial technicians.

such welcome truit. The privately sponsored. Express Service. Govemment - was regarded Tavish Buch exposition held in india, Russian

exbibits Communit Chinese dominate the Fair, which Bri- tish and Athericen industrialists, ignored.-Associated Press.

1,000 Ships Being Built By Britain

London, Jan. 10. More than 1000 ships are be- in British yords and ing bull

1852 is expected to set up 3 record ter orders. Some yards wi talle four years to com- plete orders already 01 the books.

Mr J. Ramsay Gebble, presi will have got

Con- dent of the Shipbuilding their 'present difficulties

ference, saya steel shortages "Competition in price is quite will have a highly organised will add a year to the time

corytinued matter," another

economy and modernised in-needed to clear the present order The Times. "The markets of

slave labour."--books. East and West Affles are of dustries with

the Aoclated Press. to interey particular Lancashire bolton industry, mel in East Africa at least sales of British goods suffered severely last year through the competi- tion of low-priced Japanese goods.

* FORMOSA TRADE

Taipei, Jan. 10.

The Nationalist financiul

authorities are studying a new "If the selling price is not a proposal for reviewing the Sino- Japanese pact which was signed true tut price but reflects the cost of production with a reh-in Septembet, 1980. zonable profit, it is hard to see What bellon can be taken. The difference in stoklards of living in the East and in the Wat 900 real. Its économie conséquences

are inescapable.

"Japan's nearest

The new busis would be pro- posed at a meeting to be bold in Tokyo under the auspices of the Allied occupation authorities for a revision of the trade basis between Formos markets, and Japan.

however, are in South-East

Asta Heelt, and it 14 poblé The Bino-Japanese

**

pact

Some ships will not, be de- livered until 1956.

He estimates current orziérs to be worth £850 million.

More than 8,000,000 tons are under construction.

Passenger and

supported

the

Fair most

ever

FLS

and

Training Plan By Bank

had

London

LONDON TIN MARKET

London, Jan 10. NEW IRAQ FIELD

Prices of tin were irregular Bagdad, Jan. 10.

this morning. Turnover was 180 The Iraqi Premier, Nuri Pasha tons, forward. Prices closed Es Suid, today opened a new at the end of the official morning

at Zubrir in southern session, as follows:-- oilfeld reg, which has been completed Spot tin, buyers nine months ahead of the target date.

The Managing-Director of the Basra and Iraq Petroleum Com- pany, Mr H. S. Gibson, said it was intended to achieve a rate of production of 8,000,000 tons. A year by the end of 1955. It was expected that pipeline to Syria's

Mediterranean coast Paris, Jan. 10. would be used for exports dur- International Bank for April sad that between The

and four million tons Reconstruction and Development announced today the

are

of crude oil would selection more rude during

of eight young man-hationals delivered, there

be

1952,

Shot tin, sellers Business done at Three-months tin

buyers Three-months in,

stillers Business done at

detttement

15214-85712

United Fres

Joint Chemical

the trainees,

course beglöning next Monaflug of stunts. I would

of

а

stan-

Company

Comp

Feb. 40

Feb. *th

Feb. 25th

From

Briswan Bell, Djakarta & Singapore 8. Aimerken. Atrien & singapore Macassar. surahaia, Semarang,

K

jakarta & Singapore America, Afrien,

Manila

Japan

Slugapore &

Penang. Belawan Deli & Singapore Penang. Briawan Mezi & singaparr

General Agents,

HOLLAND EAST ASIA LINE

SAILINGS TO EUROPE

Jan.

14th

Feb.

JEH

Bat.

7th

Apr.

7th

SAILINGS FROM BUROPE

"OVERIJBEL" "HOOGKERK”

ARENDEKERK"

"KIELDRECHT “AAGTEKERK"

Hotterdam

Arriver Hongkong

Ballet Doç. Ist

Jan

19th

Salted Deb. 30 kt

Feb

4th

Jan. sith

6th

Már

5th

Apr

Apr.

2nd

Stay

&

KINGS BRIEDING, TELEPHONES: 28015 FO 28047

WE CONNARIGBY ROAD, ‹

| 4096 2314,5

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PRILADELPHIA vis SAN FRANCISCO, LOS ANGELES AND PANAMA,

NEXT SAILINGS

M.S. "GRETE MAERSK"

M.S. "OLGA MAERSK"

M.S. "JEPPESEN MAERSK

M.S.

JEPPESEN MAERSK”.

MS.

HULDA MAERSK

M.S.

TREIN MADRSK"

Jan. 18

Feb. 2

Febr. 13

5 Jan 12.

Jan 16 Feb. 16

ARRIVALS FROM U.S.A.

For Freight and Further Particulars please apply to:-

AGENTS

JEBSEN & CO.

Pedder Building.

Grains In

Chicago

Chicago, Jan. 10.

Late front taking and hedging carried grain futures regularly

Tel: Nos. 36066-9.

FOREIGN EXCHANGES

Tower at the eldes.

TRANNTED 1 Cahida (dollar)' Wheat futures closed ut England-ittelal

Tower and to

changed

soybeans were 1% lower to 2% higher.

Prices closed at the end of the official morning session:

Wheat-price per bushel

2:50 2.58% 2.557-2.50 2.481-48 2.40%

Lid.

Spot March May

September Corn Sdot March May

1.08

·1914-

Tokyo, Jan. 10. The Moleanto Chemical Coni- pany of the US. and Nippon of eight member countries to than had been anticipated.

The baits of the agréément, Kasef Chemical Industries join its 1882 junior profession now waiting ratification by the today announced the formation July and

Training administrative

Wis. the equal Parimmer,

the Mon Al passenger-

*ell The new company will cargo vessels Recount for per from more than 100 applicants contribute to improved

polymer resin and Its processed The oil reservoir is over two products produced in Japan, as Juty cent; tankers for more than half. cfficially nominated trom mem-dards of life throughout Iraq.

their Foreign örders

Worth ber countries,

the Nippon September £170 million London Express twenties and have specialised in miles below the surface one of announcement in

the deepest fields in the world. Times, said today. The President banking. finndee, benemies

The eight selections are from Twelve wells are already com- Is Mr Shiko Bato and the Vices Decembar

plete and work is going on at President Mr Albert W. Zuh- Ausikalid, Austria, Chile, Egypt

ning ---United Fresn. France, India Syria and South DVB others Reuter Africa:

Service.

are

Huge Deficit

In Ceylon

to duppose that the market expired last Septembar. Since Have, yes, received all that they then it has been carried on a

Colombo; Joh. 10: cot- Can abarth froth - Japan,

monthly basis. Offelalu sald that cluded The Timer Neuter.

The Central Bank report for | t revisiont of the pant wán vety

necessary due to the increased. 1951, tied today, fremlæd mất conne Anatoll sear production

NP. SUGGESTION

Stoke, Jan. 10.

A Member of Parliament Bug. rinted tantsid, that the United selen, should ban certain in

preffied imports From thepantin

demobrátio, standard Labourtia - WP

bene in.

is Braich,

Chart:

by Formuks of closed with a dentist of 12,000,-

certain items supplied to, Japan,

Some new. Items not listed in

the pict for export were now

600

The report thats w

didorepancy

39

ad 100,000,000

Principal purpose of the train- Bank ing programme, sold the is to acquaint young people from member countries with all aspects of the Bank's operationa so that they might make ene. tive use of this knowledge m their careers in their home coun- iris-Beuter.

under production and could be rupees with the clum Try Post

Matmuter of MA November.

abundantly exported.

Tokyo mesting is believed

to be medal waiting un ülfferences", of opinions. And at fading a new bulle for a new

حمسة

Spanish Hint

To U.S.

Media, Jan. Hope that Houtations would

Find the Malbeit istat

Iron Output

In PL

Manila, Jan 18.),

Cotton Futures

In New York

New York, Jan. Cotton futures fell skärily.

Philippine fron mines in hear the close on. Increased hedging Larap, Camarine Bur, Provines,pront-taking and may con be able to increase elling, The

#thelianthal produciton to points lower et clowed I to

1,000,000 tons from the presunt | jarch: 700,000 for ties plaats

run war the report made by Ca Myfving of the una hiter volovient survey tolm (0 the Philippine Dorému of MINNI. Mo. Irving-muggested that inn

its with buying countries lilcs

Ryb

March

Dais December

March

90-day futres

FB-3/16 2.30 bid

บ

IN NY

New York, Jan. 10.

unofficial

2.39 asked

30-day futures

2.78

2.77

2.2215

South Africa (pound) Belgium (pound)

2.762

019

..1456

France (frene) k West German Deutche

mark

4.20

Italy-offelal

Norway (krone)

Australia (pound) .....

| New Zealand (pound)....

Denmark (krone)

Hailand. (srailder)

2.1134-2.12 2.0714

Portugal (escuido) Spain (peseta} Sweden (krone) Switzerland-free MIDDLE FAST

Egypt (pound)

Iram (ribi),

90-95%

مونت

New York flours per 200 16. Back. | Argentine-official

$15.00United Prem.

Tokyo Talks On Reparations

20

71405

1265

03135

frad, (dinar)

Turkey, (ra) vs. (diago

6375

LATIN AMERICA

Brani (crusetroi

0500

Bolivia (boliviano),

Chile-tier

0100

Cobs (so

Columbia (perdy'

(4029

10000

12009

Mexico (presso)

Peru-free.

to sig

Venerul Iz bolivari

FAR EAST. · Tokyo, Jan. 10. India rupeet The Japanese Indonesian de Honkong

Pakistan rupee) schokuled for inodesta legates hoping... noon today was postponed to Singapore alve the Indonesians, more ime Japane to study the Japanose,

promise reparations plan, m

A

The delegat were to attend London

cocktail), party, given by

Finance Minister Ragnto-keda

this aftern:on and a conference

Rabes with enders bethe

•Tokyo Chamber of Commerce, and Ine?

ifestudson

fishing operat

FORE

3010%

yen to Use1

United PrÙM

Rubber

Market

London Jan. 103

futurenyor