1952-01-24 — Page 9

1

MESSAGERIES

M

"ZELIDJA"

THE CHINA MAIL, THURSDAY, JANUARY 24, 1952.

MARITIMES | Japanese Trade British Goods Meeting

Arriving Leaving

Feb. 14

Feb. 1

M

Outward For

Robe, Yokohama Homward, For

Marielles via Manlia

*LA MAKSEILLAISE"

Jan. 20

Jan

26

"BASTIA"

30

420 11

N

"MOHTAIN"

†“ZELIDJA"

Mar.

Mar. 25

ផ

MAI ↑ N

Mar. 20 N

passengers & freight.

& Salzon

Africa Europe

Africa * Burope-

Africa

Europe

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

Subject To Change Without Notice

CIE DES MESSAGERIES MARITIMES

P.O. Box 53, Hongkong

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

M.V. "LA MARSEILLAISE”

will sail for

MARSEILLES

via

MANILA, SAIGON, SINGAPORE, COLOMBO,

DJIBOUTI

& PORT SAID.

On

Saturday the 26th of January at 10 P.M.

Passengers are requested to board the vessel with then cabin baggage or Saturday the 26th of January between 6 P.M. and N P.M.

Baggage room and bold luggage will be registered at Kowloons Godown No. 50 (No. 2 Gate, Canton Road Entrance) on Friday the 25th of January from 9 a.m. to 4 p.m. and on Saturday 26th of January from 9 a.m. to NOON. No baggage will be accepted for registration

after this time.

CIE DES MESSAGERIES MARITIMES P.O. Box 52, Hongkong.

Queen's Building.

With Argentina

Buenos Aires, Jan, 23,

Јаралеве

A

trade

mission, headed by Mr J. Takagi, is expected here at the beginning of February,

of

The mission will negotiate the re-establishment trakte relations between Japan and Agentim, maint

and Woot in Argentine Japanese machine-tools.— France-Presse.

HONGKONG

SHARE MARKET

From Our Correspondent)

Wai

Stiffer Competition

In

America

Scheme For

Germany And Japan Developing

Gaining Ground

London.

PI Mines

Headquarters

Tokyo, Jan. 23.

The Government bas been arked

General by the US.

to co-operate positively in a plan by three major Japanese firms to advance develop the Lalappu a combined -$1,000,000-loan to the Philippines.

The three Japanese Arms are the Tawata, the Fuji, both and

mine in

Speculation is rife as to the ability of the sterling area to maintain a footing in the U.S. and Canadian retail consumer markets. Sales re- sistance to high prices in North America is evident, and has been evident for nearly a year now.

The scare of shortages which caused a great manufacturing companies. deal of indiscriminate spending has ended, and in- SHARES BUYERS SELLERS SALES stead, people are now reported to be saving against the time when prices which soared during the spending spree become attractive again.

Business done on the Stock Exchange this

morning valued a! $683,152. Noon the morning's quotations an transactions.-

BANKS

HK Bank

15CH

† 1678

INSURANCES

Canton

Umen

1K Fire

SHIPPING

Ala Nav

DOCKS, ETC

240

700

5 30G

193

142!

140100

Wharf 102

N

H Ward 69% 7

Duck

17

Provident

Wheelock

LAND. ET

HK Hotel

BK Land

Shai Land Humphrey

The chiots of two large de- partmental stores in the Middle West have announces that they

e turning to Germeny Japan for their impo 15 rather than to Betain, whose prices are

An

A Treasury survey of Britain's position indulge in some wishful, thinking about the export of cost. If only exports of 20 mil- lion tons could be attained the would do so much our nd- too high. One of then has gone | vantage Unfortunately, the 20 furthe, in what he predicts a 50 million ions are not an attain- rent drop in British exports |able prosper, so we must con-

tinue to do without (a) $190.- 42 2 43 14004; in his area in a few years.

000,000, the porceds al sale, (b) the

$24,000,000 which the saving of we have to expend on the im portation of Acnorican coal, and

43 20 13.80 1200 1370

2000 13.75!

5 70

500 ₫ 4.1

67

| 30

14 141⁄2 300 @ 144

UTILDIES

Tran

1710 17 55 GEDD # 17% Trait Jun 23.

100 24 N, 11, Tig

0,63 70 4000 +

4000 to 80 610 3500 8.00 2000 630

231

1

ין

Star Ferry 112 116

IN 0 605

1ght (N

Ela:Citic

Ever By

Telephone

INDUSTRIAL

Ceniza?

Rupe

STORES, ETC

Dar

Watson

Crawford

Tel: 26651(3 lines).

<OITONS

Japanese Finance

Minister Warns

Against Optimism

Tokyo, Jan. 23.

The Finance Minister, Mr Hayato Ikeda, to- day said Japau had come a long way toward eco- nomic recovery but warned that new problems and new responsibilities which would come with com- plete sovereignty did not permit optimism.

Japan would have new obligations in self- defence, debts to pay in reparations and accumu- lated overseas bonds and would be without the crutch of U.S. Government aid in a period of un- settled international trade.

Mr Ikeda's address was made be very small compared to the before the Diet this afternoon burden of the United States.

in explaining the Government's

Secondly,

the appropriations 1962-63 sca] budget of $2,368,- asked for Japan's own defence forces would include inrersing €11,000.

Japan Mr Ikeda expressed Japan's the

National Joy

24 3000 m 250,

50 24

22 22 2300 29

16 40

200 F 22,

Granted that our rate of 2.9 duction per man/weekt is exes sively low by EuropesT

an added dards, with

stan rubus

of higher wages recently gentert. having to be worked into the body economic, there may be yet another factor which makes German goods cheaper the Middle West markets to the de- triment of the British compar- able article

the Japan Steel Pipe Company. creasing the präuction of ores by 1,200,000 tons for three

The plan is aimed at in-

iron

years and to import a total of 2.000,000 tons of iron ores tu Japan from the mine.

The Philippine mine has ark- ed for

a $1,000,000 loan {rom Japan for use in the purchase of machinery needed to increas production.

This has been the stumbling block in the negotiations.

However, the Japanese Gov- ernment is showing a positive attitude toward the plant because of the cheaper price Philip- pine iron

American ores than Gres

The Economic Stabilisation

discuss

te) the needed Swedish ores for Board. the International Trade our steel industry which Sweden, and industry Ministry and the

as she Foreign is prepared to sell to us,

Exchange Control does at present to Western Get-Board have decided to many, in exchange for coal.

WHERIN a few days a

concrete Above all, the export of coal policy of earmarking an addi- from Britain to her needy sup- tional $500,000 to $1,000,000 in pliants only across the Channel the foreign currency budget and or the North Sea would save the giving Government assurances three Japanese firms.-

This factor is direct transpor tation, by seagoing ships up the shipping required for the long to the St. Lawrence and through the, baul trom India and South France-Presse.

Adriza to North-West European

20 1000 185 Great Lakes right into the he! pa 18. releasing it for the trans-

1780 3010 1735

10001 55 RE*%

19 19% 1300 i 18% 1696 or 1011⁄2

34 30

SIS

4 10

of Chleago ai the southern

een War. between operating

of Lake Michigan. To Nor port of metal ores greatly need-

Dutch. Belgian wegian,

ed by Swedish ships engaged

this in this Coal seems to have conspires Irade has been added this yea: to create bottlenecks ever since

sman i the owned by a German end of the Second Worl tonnage

Even in S. W. Lancashire 2719 27.83 2000 & 21% company

Chicago. Hamburg and

From there is a congestion of coal this country. Manchester Liners wagons about 500 in ali, loaded Ltd, are to enter the trade next but unable apparently to get to

to the destination by rail year with two new ships.

remove the Shipping services direct to the expedient, to Great Lakes have immense pos- gestion. I being worked sibilities. They are bordered by British Railways with the sup- large, populated and busy cities. The Great Lakes' ports are the

and to Ontario gateway Canadian Prairie Provinces es which coal is blocking. they are gateway to the Mis- sissippi valley and the Western States of the U.S.A.

MISCELLANEOUS

Yangtsze

Foreign Exchanges In NY

Canaria

England-oficial

New York, Jan 23 -- US$1.00 378

2.33 bid- 2.30 asked 2.771%

unofficial

30-day futures 00-day futures

2,767%

2.201

2.7924

0190

Australia New Zealand South Africa Belgium

Derimark

France

West Germany Holland

Haly

1456 128-B; 16 4.20

gestion that the private road should come hauliers

Cotton Price

In NY

New York, Jan. 23, Prices of cotton futures closed today as follows:-

A

con

Spot

42 50 Romina}

by

March

41.88

May

41.30 -41,40

July

40.80 -40.94

October

38.2

and

December

38:14

March 1993)

37.98 homina!

May

37.82 bid

1 July

NEW ORLEANS MARKET Spot

$1.45 Mirts May

41.37-41.39 July

40.80.40.04

the transport the oth: commodities

!

A Word Of

ASIAN RESOURCES The rount:les in E. and S E. of the Asia, the objective care Colombo Plan countries. have population roughly half that ef the world, the majority depen dent upon rice for their staple food and which is in short sup- ply. In consequence the people are gradually turning to wheat to make good the rice deficit.

China is gradually emerging from the chaos following her civil wars; the agricultural re- sources of Manchuria, particu- larly soya and wheat are flowing to those S. and S. E. Asia areas even as far as India and Pakis- dan, with suya being shipped yet further afield to Germany, Hoi-Ci land and Denmark for basic cattle feeding-stuffs and purposes.

2038

1106

Norway Portugal Spain Sweden

-1405

.0370

0038

Switzerland

2590

MIDDLE EAST

Egypt Iren Iraq

2.8814

03125

2.81

Turkey

5376

Police

LATIN AMERICA

Argentina Brazil Bolivia Chile Columbi Cuba Mexico Peru

0105

0500

0150

4025

3,00

.1155

1000

Uruguay Venezuela

.4250

cur

2005

FAR EAST

India

3090

Pakistan

2030

Hongkong

1750

3040 2305

at its imminent indepen- Reserve by 35,000 and the 8,000- dence but pointed out these man Maritime Security Board by new obligations and responel- 6,000, the building of new bar- cts, corramunication facilities, bilities came with it: (1) the racits, <bligation to live on Japan's roads, ports and boats.

Concerning Japan's foreign own economic copacities; (2) fulfilment of International ob exchange position, Mr Ikeda said ligations and (3) duty to con- Japan has $900.000.000 compared t.bute ly Saternational society March and said that even with- 10 about $400,000,000 last Reviewing Japan's national economy, he said Japan's out the US. aid portion of the mineral and industrial produe- fund the increase came to $270,- tion at present has been doubled QU0,000.

have

it was too But he wed in the past three years and exports

Increased five early to assume that Jagan cold times, the national budget has stand alone without foreign aid been reduced to 17 per cent of and the help of the Keroan war the national income and capital boom.

accumulation has been nor-

malised to some degree,

He

the

Indonesia Singapore Здрал

Warning

To Japan

October

Decentber March (1953 |

May

July

37.39 bid

-United Press.

38.40

10.05

375 bid 37.04 bid

37 28 bid

-United Press

Grain Prices

In Chicago

Charlotte, NC., Jan 23. Self-sufficiency in textile pro- duction over lange u cas of the globe makes it advisable fo: Japan to place too great depen- dence on expansion of its cotton textile industry, the American

Chicago, Jan, 23. Cotton Manufacturers Institute Prices of grain futures closeci reported today.

today as follows: --- In a study entitled "Japan Whoa--price per bushel and World Cotton Goods Trade", Spot Claudus Murchison, its

March May mic adviser, charts the history July other of international campetition in September

the last four de- Corn

textiles ove:

Institule

a Imits

econo-

Page

ROYAL INTEROCEAN LIVES

**TSIRANAŠIM "VAN HEUTSZ“ "TJIWANGI"

"TJETJALENGKA"

**TABMAŊ" "THILUWAR"

“TJIBODAS"

*TJRADANE" "TABMAN** "TJIWANGr"

"TJIPONDOK"

HEJIRADANR"

"TJIPANAS" "TILUWAH"

"ТПКАМРЕК"

"BUISSEVAJN"

"VAN BEUTSZ" “TJWANGI"

TJIBODAS"

"TILUWAH"

"TASMAN"

TWANGr

"STRAAT

MAKASSAB” ATHLUWAB

"TJIPANAS”

SAILINGS

Jan 201 Jan. Sim

b Eth

Feb. 9th Feb. 13th

Fab.

ESCH

Feb. 18th Fol. 27th 29th

מידי

Mar. 8th

Mat. 8th

Mar 7th Ater. 15tk

Mar. Z3L0

alar 23rd

Mar. 28th

31st

Apr

141la

APT. Joch

Apr. 25th

Apr 30th

May 2nd

35th May

Blágapore," Penang "&" Belawan Tielk Singapore. DJakarta, Semarang,

Surabala & Macaine

Aingapore, Mauritius, Dar-es-Salam. Zanzibar, S. Africa £ 8. Assiaries Japan Ports

Singapore,

Djakarta,

Burzbala & Macassar

Djakarta,

Macassar

Japan

Remarang,

Borabate *

Singapore, Penang & Belawan Dol Ringapore Djakarta. Semarang

Aurebāla & Macassar

Djakarta, Tiirebon,

Sarabula Macarar

Singapore, Mauritius, R. Afric

S. America

Manila, Singapore

$. Africa kingapore. Djakarta, Semarang,

Surabata & Macassar Djakarta, Tilreban, Semarang,

Karbala & Macquar Manila, Singapore, Mauritius, E. & 8.

Africa & S., America Singapore, Penang & Belawan Doll Singapore. Djakarta, Semarang.

Surabais & Macassar

DJakarta,

Tjirebon, Remarang,

Surabala & Macassar

Singapore, DJakarta, Semarang,

Surabala & Machi

Singapore, Penang & Belawan Dell Singapore, Djakarta,

Semarang.

Sazabala & Macassar Menila, Singapore, Mauritius, E. & 8,

Africp & 8. America Kingapore, Djakarta,

Surabala & Macassar

ARRIVALS

Jan. 23th

“TJIÐJALENGKA" Feb “TASMAN**

4th Feb. 8th

"TIILUWÀI”

Feb. 10th

"TIINADANK"

Feb. 12th

"VAN BEUT82"

Feb. 25th

From

8. Amecies, Africa,

Manila Japan

Semarang,

Singapore

Penang, Belawan Deli & Singapore Macassar. Suzakala, Semarang,

Djakarta & Singapore

S. America, E. & S. Africa Singapore &

Manila

Penang. Belawan Deli & Singapore

General Agents,

HOLLAND EAST ASIA LINE

SAILINGS TO EUBOFE

"OVERIJSEL"

Feb.

7th

"HOOGKERE"

ንህ.

"ARENDERKERK

Apr.

"KIELDRECHT

May

BAILINGS FROM EUROPE

Sally Rotterdam

Arrives Hongkong

"HOOGKERK”

Salled Jan. 3rd

Feb.

"ABENDSKERK"

Jan.

30th

Mar.

6th

"KIELDRECHT

Mar.

5th

Apr.

10th

"AAGTER BRK"

Apt.

2nd

May

8th

“OVEKLISKIP

May

2nd

Jurie

7th

KING'S BUILDING. TELEPHONES: 28045

TO

2807

S

AGENTS GA KONNAUGHT

ROAD, A

MAERSK

4th

LINE

FAST FORTNIGHTLY SERVICE TO;

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

NEXT SAILINGS

M.S. "OLGA MAERSK❞

M.S. "JEPPESEN MAERSK”

M.S. "HULDA MAERSK”

M.S.

ARRIVALS FROM U.S.A.

TREIN MAERSK"

M.S. "PETER MAERSK"

M.S. "NICOLINE MAERSK”

Feb.

2 Feb. 14

Mar. 2

Feb. 15

Feb. 29

Mar. 17

For Freight and Further Particulars please apply to:-

AGENTS:/

JEBSEN & CO.

Tel: Nos, 36086-9.

2,609 nomitial 2.58- 2,351-1 2.4796

2.49%

Fedder Building.

I.$6 nominal

1.90 1.91-12 102

1.85

2.005 2.03

01%-41 10-

So far as manufactures are cades.

Spol has

March staked concerned, Japan

The

that Mar claims to be the first country to Japan must expo: to live and July supply E. and S. E. Asia on proper and says is to the in-

September big scale and import in part pay terest of every country that this December

Ryt ment the natural resources with objective be met adequately and March

abound. which these regions Meanwhile Germany. whose promptly. However, the pamphlet Dats

asserted, it was not self-evidena December fettered to that restoration of the pre-war March economy is

New York flour-per 200 h. Sack. any great extent by rearmament pattern. which gave to cotton #12.00-United Pres. considerations, 15 keeping a goods a predominating rule, was watchful eye on these territories to the best interest of Japan. and has decided to senia

not yet

diplo- It explained that such excer-

ta

matic and consular missions La sive dependence on the type of various East Asiatic countries as commedi.y which

is cam-

produced In other by count:les could be unfortunate

a preliminary to trade expansion. petitively

An "on-the-spot" study

300 yen to US$1 Japan,

-United Press.

gainst

વ

LONDON

el:0 warned growing accumulation On the opposite side of the Japanese Sterling holdings and

"We must endeavou ledger, he said Japan had said:"

American aid and its geographi- strongly to expand balances cal proximity to the Korean trade with the various "currency

war to thank for much of its

TIN

MARKET

blocs.United Press.

BOOM UNLIKELY

London, Jan. 29. Prices of tin closed today, at Tokyo, Jan. 23.

Ministry the end of the official morning Japanese Finance'

warnednicy. An follows: night

recovery.

NEW OBLIGATIONS

The foundation of

not sources

economy was

last

Arm because Japan had lost optimists against depending on much of its pre-war territory U.S. spending for the coming

pre-war overseas assets and year.

its

foreign markets while having a The sources, quoted by the larger population and must face Nippon Times, said President new obligations in defence, reTruman's $85,000,000,000 butige poration claims and other fin-will have little tangible, effect

on Japan's economy ernational responsibilities.

They Concerning the eppropriations warned that hopes for increased the Laverament is taking for special procurement orders and defence, the Finance Minister a boom in Japan in the latter part of the year will be dashed. These sources noted that the President falled to make any

Japan

said:

we want the United feroca to kas stationed here

ex. icmporary detence measure reference to the United: 5'4109

und it is natural that we should thare in

Day 15 miten 20

The

defence unde.

Spot tin, buyers ...).

Huine dona at

AZD at tinker

900 080-079 Tree-muntha tin. buyers

· Three-months un, wellers 978 Business done, at Battlement

D90-9784% „United Pram.

London Rubber Futures

London, Jan, as "oli iha expense" the decurly

However, a

Prices of rubber futures closed States would beller was expressed that the today as followe bass the cost of used sister will appropriate Number 1. rubber, in, panta feeding, clothing and 3290,000,000 for Futh purpuras.

buying the American Ardons and see the already desk s

we expect that other costy

be thared bro

Geman delegations visiting for both Japan and Its can-

the

nes, Sism and petitions-United Press. Philippines, Burma, has suggested that the existence of permanent West

German offices in those countries New York Sugar

would be more bencficial than the conclusion of formal trade pacts.

UNDEVELOPED AREA

Futures

New York, Jan. 23.

First Decline

In A Week

New York, Jan. 23.

·Prices declined in fructions to around

a point on the Stock Market on proit-taking. Trad-

ing was moderately active at 1,670,000 shares. The decline was the frat in seven sessions and experts felt that the market

is due for a correction.

World sugar futures closed the term "undeveloped" may today 5 to

All departments joined in the points lower, with be said to apply to the whole of sales totalling 218 contracts,

slump Oils were the hardest the area under review: the pe

hit. Utilities Contract No. 6 closed 2 to 4 copita income of the population points lower, with sales totalling

dropped fraction- Rails were the dame ally. has been calculated to be an- 564 contracts.

Steels were mostly lower. Of US $41, and only nually

Its CONTRACT NO. 4 (WORLD)

1,149 Janues traded, 589. de- daily per capita food calories to March

4.43 bid

advanced and 283 clined, 327 2,160. (The USA and Canada May

4.45

were unchanged.-United Press. July have s. per capita ammual Income September of $1,483, with a daily food Detaber calory consumption of 3,400); Spot

The population of the under- UNA CONTRACT NO. 4. developed area is around 2,000 March

America million, that of North is about 160 million.

be

July

Bepteinber A $10 annual increase in the October per capita income of the mil-pot lone in the Far East, is a target The free world! shaild strive for In order to secure the pen

Desico and pletity whid International trade Would bring in its trains

447 vid

4.40 nominal

4.45

1.23 bid

5,35

6.88: DÍA 3.30 bid B. 6.08 norminal United Pros

PEPPER MARKET HOME NOW York, Jeri,

Tho pepper market was dulet

JAPANESE BONDS

London, Jan, 23. Japanese bonds

"A" (49. of 1899) end of 1010) C (6 of 1007) AD! (Dr. of 1884), HEM (09, 01, 1984) Comics

0411⁄2

671

75%

116

.00 01

Conciation of the Korean way today Boller mdicated, po Tokyo Bankruptcies

IMPERS - PORTVE

Ship via London

The PORT of LONDON AUTHORITY A Self-governing Public Trust for Public Service

London--the Premier Port of the Empire-equipped for all types of ships and cargoes.

· m negotiated""" prace

material at $1.84 und/ afloats at

viet bloe af hatione

wanted tos

around $148 a poundry

Bag, Tokyo, Jan, 297,1

in

Loral temellers reported Jan-

SH25 1/20 h pound

fits here went stanice rupt between), dantury. 1, and

ESERAN MAHADEN, PORS DE LONGAN AUTHORITY, LAYDIN, LEI