1952-02-05 — Page 9

MESSAGERIES

M

"ZELIDJA"

"THEOGENITOR"

*FELIX HOUSSEL"

"MORTAIN"

1"ZELIDJA“

THE CHINA MAIL, TUESDAY, FEBRUARY 5, 1952.

MARITIMES S'pore Business

Arriving -Leaving

Feb. 28 AERT,

.Apr. 2 Apr.

1

4

Atar,

.Mar. 7

Ator.

. Mar. 30

Mar * Mar. 31

* passengers & freight.

M

Outward For

Kobe, Yokohama Haiphong

Homeward FoT,

„Marselling via Manila

N. Africa & Europa

M. Africa * Europe

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

Aubject To Change Without Notice

CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong

Queen's Building (gr. floor) Tel. 26661 (3 lines).

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

Complaint

Singapore, Feb. 4, The Singapore Chinese Chamber of Commerce says that the Colony's new exchange control ordinanco trade with In crippling Thalland, Indonesia, Burma other neighbouring countries.

The Chamber is drafting 0.remorahdum aukhang thị Government. to relax thei

controls: exchange

similar protest

made by

'A

has been the Stagopore-

Slam Traders Association.

-Associated Press.

REDUCTION IN BRITISH IMPORTS

are

i

U.S. Banker Outlines ROYAL Ivierocean Lanes

Prospects Of Japan's

Foreign Trade Japanese

New York, Feb. 4. **

Mr Joseph Dodge, President of the Bank of Detroit, said tonight that Japan cannot have a truly prosperous foreign trade until general peace is restored in the Far East,

Mr Dodge, economic adviser to the American Occupation Authorities in Japan, spoke at the 48th annual dinner of the American Institute of Banking.

Search For Rice

Tokyo, Feb. 4. The Japanese Government

**TISTJALENGKA",

~TASMAN" *TJIBODAS”

"TJILUWAD"

JISADANE” "TASMAN" "OISBEVAIN". "THWANGI"

"TJIPONDOK“ TJIPANAS" · "TJIBADANA"

"TIKUWAU"

"DG1SBEVAIN"

"THIKAMPEK"

*TIIWANG?”

is to send officials to Burnia "VAN BEUTSZ" and Thailand

to negotiate

for more rice imports to Зарап.

The move is expected in view

of the comparatively small rico

“TJILUWAH"

"TIILOÐAÐ"

"TARMAN" "TJIWANGN

"STRAAT

MAKASSAR"

He said: "For Japan, trade development will depend not so much on ils economic recovery as on the economic recovery of the normal Japanese trading areas in the Farallocation recently decided by "TJILUWAN" East.

tinuo

to

The Government had planned

"TJITJALENGKA"

“THLUWAHI“.

TJADANE".

"VAN HEUTOZ”

VATHING'S.

Yah, th Feb 1300

Feb. 15th

Feb. 16th Fett. 29th/ Mat. WENT.

11

Kingapore,Mauriitui, nar-og«Hulagu

Sandbar, H. Africi. & R. Amatira. *rapan "Portr

jakarta, Heniatang, Hugabala *

Bus clashr

· Dijakarta,

TANE,

Surabala & guessin - Dy

Japan

Hingapore, Penang, DelawarTM pen Zapan.!

Alugupale. Tijakarta, REMAJADE,

Kurabpia & Macaziar

Tiirebon.

Bemarang,

я. Africk tagspore, Mauritius, 8.. Africa A

*1. America

Hurabaia: DINCADRAT

Manlia, Singsbore, &

Singapore, Djakarta,

"Surabala "A Macassar”

blar. 51

.Star. ሃኪ

Djakarta,

Far. 18t

Mar. 23rd

Mar, 23th

ADI. XED

Apr. 7

Apr. 16ti

Apr. 17th

Apr. 25th May 2nd

May 2nd

May 14th

Semarang,

Manila, singapore, diauritius, E. & 8.

Africa & b, America

Djakarta,:.

Trebon,

surabala 'vaiscansar

Semarank,

Singapore., Djakarta, Semarang.

Hurahmin Mnezasar

Hingapore, Penang & Belawan Dell Djakarta, Kingapore,

Setparang,

Barabain & Alacassar

Djakarta, Tiirebon, BeATADE

Surabala & MERCATIT

Bingapore, Penang & Helawan Dell hingapore Djakarta, Sontarans,

Burabola de Atacassar

Stanila. Bingapuro, Mauritius, R. &.5.

Africa & H. America Singapore, jakarta, Semarang,

müraupia & Macassar

ARRIVALS

Fød. 7th

Feb. 處

Feb. 10th

Feb. 12th

Feb, 27th

STRAAT BOENDA" Feb. 28th

Марли

From

Penang. Belawan Dell ́ Macassar, Surabala,

Djakarta & Singapora

Kingapor Semarang,

8. America, E, & S. Africa Bingapore &

Manlis

Penang. Betawan Doll & Singapore B. America. 8.. Africa, hingepate

General Agents,

HOLLAND EAST ASIA LINE

the two countries against the Japanese Government

Import New York, Fab. 4.

of what could plan. "Recent Japanese trade figures, home example

***TASMAN" Thalland is reported to have American and Canadian ex-

ahow, an alarming trend toward happen to them, to

increasing porters wai be permitted

"From a condition of outright carmarked 200,000 tons of rice national disuster Japan has made lor export to Japan, and Burma ship to Britain this year only dollar imports and

Sterling exports."

in a relatively is said 10 be ready to allocate three-fourths of what they sent

Asserting that the Japanese great p:ogress 1st year, export sources said.

for Japan for the Under the token Import plan cannot continue Indefinitely to few years. If its Government and 45,000 tons established by Britain, 1951 im- buy raw materials in the dollar its people realistically appraise first half of the current calendar

a and sell goods in the Sterl- the problems of the nation and year, pon's were restricted to 40 per region, Mr Dedze said the take appropriate and effective Marnwhile, the Japanese Gov- cent of those in the base perlod United States was short-sightedt uteps to meet them, it will con- ernment, hud expected under its of 1030-38. This year's imports in placing obstacks in the thes justifying our confidenco by to 500.000 tons of That rice and make progresy Japan Import plan to purchase 400,000 will be limited to 30 per

3D per cent.

of large: Japanese salgien setting a notable example of 1302 600 tons of Burmese rice. The oken import plan ap-so-called hard surrency region. plies to specifled commodities He said: "The Japanese situa-creasing accomplishment and she

dollar ion is whose importation from

not made any easier by can easily became the principal to import 1,000,000 tons of for- prohibited

In the Far sin rice this year. sources is generally

resistance in the stabilising factor the general

from Besides rice to como Those cigible to United States to imports from Fam.“ by Britain.

the-plan

tribute to Burma and Thailand, contracts M: Dodge paid a participate in

Jagan or any other nation. The manufacturers and agents who result is that our exports are

are the Japanese support of the were concluded last month for hnd pre-war trade connections being paid for mostly by loans United Nations action in Koren importing rice totalling 165,200 in England, Scotland, Wales or or

could tons of the taxpayer's saying: "Our problem.s

from the United States, or grants of Northern Ireland.

money to other nations. We have been much more serious Italy, Brazil and Formosa, No

Egyptian rice this items have been have not yet fully acknowledged there had been any disposition

Import of added to the list of commodities. the fact that the greatest creditor by any part of the Japanese year is viewed with pessimis

which Egypt, The Ust includes about 2,000 nation in the world cannot con- people to add to our difficulties because

from Items ranging

place increasing oh with sabotage or disruption of 170,000 tons of rice were im- cottontinue to

supplies. ribbon to refrigerators.

before nations

communications, which pur The plan was discontinued for

means to buy from us," of interference or non-co-opera- agreed to barter, rice for whent

from Russia. it.-Associated participated In

Mr Dodge contended that the For Freight and Further Particulars please apply to:- other countries which previously mix export to us if they are to transportation or any other form ported to Japan last year, has To make up for this amount, American occupation had shel-

He pointed out that Japan, the fered Japan from cold financial principal U.S. military base and the Government is believed to staging area for Korea, has be turning to Iran, Ecuador and winds to some extent.

"For the past six years Japan; reaped more than $500,000,000 Brazil.-France-Presse. has been Hving under the pro- for services and materials needed tective umbrella of the Occupa in connection with U. S.- military tion. In effect, it has

operations in Korea, which con- been a

M.S. "OLGA MAERSK" M.S.

"JEPPESEN MAERSK"

MS. "HULDA MAERSK”

ARRIVALS FROM

M.S. "TREIN MAERSK" M.S. "PETER MAERSK❞ M.S. "NICOLINE MAERSK”

AGENTS:

JEBSEN

Pedder Building,

ཆགས

Feb.

6

Feb, 14 Mar.

2

U.S.A.

Feb. 16 Feb. 29 Mar. 15

CO.

Tel: Nos. 26066-9.

Charges Against Agriculture Dept. Officials In US.

Washington, Feb. 4.

House investigators today accused the Agriculture Department of wasting millions of dollars by renting private instead of Government warehouses to store grain.

A spokesman said the Department only followed Congressional orders.

Foreign Exchanges In NY

Canado England-oficial

New York, Feb. 4.

US$0.09-11/18

2.78-3/16 2.32 bld 2.35 asked

nofficial

33-day futures 90-day futures

New Zealand

Belgium

Denunark

France...

2.774 #.701

2.22

www.

2.2012

01081. ,1450

In a blistering report a House Appropriations subcommittee also charged that certain De-

iment employees DAY

accepted gifts of fruit, shrimps, belts with silver buckles and trips to the dude ranches from Arms doing business with the Depart- ment.

It recommended the firing of (wo Kungus

City.

Missouri, employees-Carl G. Raush and Willard D. McCabe-and pre- sentation of their cases to the Justice Department. It revealed alto that charges against & former employee, Jack Cowart, are being presented to a Federai Grand Jury in Virginia for prosecution.

Press.

new

Indonesian...

stacles

tion.*

Measure nation operating in receivership..stituted a substantial and

Explained

JAPAN'S OBLIGATIONS

"I suggest that as Japan takes on Bull responsibility for its do- mestic and foreign affairs, it wil discover that the inevitable dia- advantages of the Occupation Finance Indonesian

were offset by some significant Minister, Yusuf Wibisono, told advantages.... the Press today that the abolition

The

Djakarta, Feb. 4.

Mr Wibisono said that In

43

unusual source of foreign ex- change.-United Press.

HONGKONG SHARE

MARKET

from

Grain Prices

In Chicago

Chlengo, Feb. 4. Prices' of grain futures closed today as follows:- Wheat-price per bushel

Spot...

March

May July September

Corn Spot

2.50 nominul 2.5474-16

2.5034-Th 2.4446-7% »

2.4631

1232:

1,61% bid 1.04-1.844- 1.6414-15 1.81

ct the certificate systern for "As an independent nation Imports and exports did not Japan will have to meet certain mean a new devaluation of the postponed and some new finan Indonesian rupiah because decial obligations. But I want to

March facto devaluation had already make it clear that the Japanese

(From Our Correspondent) May been effected with the institution

Business done on the Stock July Government has always been of the certificate system itself. concerned about these obligations

this morning was September

T and frequently has expressed Exchange

valued zat $860,882.25. Noun March future the value of the rupiah Intention to satisfy them soon quotations and the mornings May would only be dependent on the it is possible to do so." national production volume Mr Dodge was obviously talk-transactions:

SHARES QUYENB SELLERS SALES March about

outstanding BANKS

New York four-per while under the new regulation Ing abo dollar bonds

100 ₪ 1500 on the HK Bank. 1500

1395 Sack. $12.70,-United Press. New York market. He also was

1800 to reparations claims SHIPPING

1.80 Japan by nations

by the war.

llabilities

*Japanese

the

them age,

50

Asla Nav. de-

... 1.55 1.70 5000 DOCKS, ETC.

K. Wharf 1025 Include N. P. Whart 7.10

Drack..... Provident

the exchange rates were fully Japanese under control. further The

ro- that several gretted

omcials were responsible for premature leakage of information on new measures ond sald that reparations covering war dam- claims for restoration of Bovere punishment for would be in order.

Allied properties lost or damaged He also blamed homo

in Japan, settlement of Japan's portera as well as foreign cor- pre-war foreign debt, the costs spread of expanding national and in- respondents for having

responsibilities the set em-ternational the news before

the its bargo time.

post-treaty status and According to the Minister, the costs of recreating an adequate domesti security force and of leakage on the measure DEW enabled big capital enterprises any collective security require- In draw more benefit by buying ments."

up stored export products from

amall businessmen. - France- Pressc.

The report, based on a close Cotton

door investigation of the Agri- D028-0/18 Culture Department, maid that

some 109

storage facilities used

Austraila

South Afr.ca

West Germany

4.23

Itellanl

2030

.1405

.0370

0205

.0035

Italy

Norway

Portugal

Sppin

Sweden

Price

by the Commodity Credit Cor In New York

poration on 1048 and 1950 were

surplus Government property

that had been leased to private

| individuals or corporations

It cited

cases in which the

New York, Feb. 4.. Prices of cotton futures closed today as follows:--

42.77 nominal

Spot

Department rented were.houses March for up to 20 times as much as

May operators were |July their private

other October paying in rent to

December Govemment agencies.

March (1053) May July

Switzerland

MIDDLE EAST

Egypt

2.B

Iran

.03125

2,31

Iraj

Turkey

then

LATIN AMERICA

Argantina

DAL!

0500

Bolivia

Chile Columbia

Cuba

Mexica

Peru

Uruguay

41.60 41.7

40.65

nominal

-United Praze,

Closing reta Feb. 4. 41.50 43.00

NEW ORLEANS MARKET

Spot

MUCH EXAGGERATED The Agrkulture Secretary, Charles F., Brannon, in best! mony during the hearings, muld reports of storage losses up to $100,000,000 were, "pipe dream- March

May July The total would not to over October $7,000,000, he said, and the sub- emmilles concluded that most March (1053)

Ind

Venituela

.2005

FAR EAST

5000

India:

Pakistan

3030

..1750 2040 3355

360 yen to US$1

Hongkong Indonesis

Bin Expor

apan

United Prem

LONDON TIN MARKET

London, Feb. 4.. Prices of tin were firm this Turnover was 180 morning. tons, including Ave tons for

December

May

of the money will be recovered | 705- through voluntary payments of

damage suits,

Informed

that

Enckesman

of the report, a

40.05-40.69

37.10.

OF LE

27.02 10

United PreRY.

DIFFICULT MATTER

S'hai Dock ... MINING

Reub #2|LAND, ETC.

He thought that the working out of reparations payments, which Japan is seeking to satisfy in services rather than goods, might be extremely difficult and costly.

1000. 7,10

2774000 17.06

3

1000 7.10

HK Hotel.. 8.20-0.40 1000 m

HK Land

at Land officys

r. Tram to

2017

1.40 14.00 3421

4 Light (0) 8.55

a

C. Light (N) Electric 2332

1100 8

732

1000 6 835

-1000 @ 1.30

Ozt

May

1.9194-16 1.02

8315 B3-33

200

Rice Output

In Formosa

Taipei, Feb. 4. Premier Chen Cheng today 2000 as pledged lower food prices, more 500 ve 30 land reforma and increased rice

5000 @ 8.20

850030 production for the coming year

BOGO 63 2.20

1500 es 520

450 * 58

Formosa,

Writing

in the agricultural magazine "Harvest," Premier said rice production of tons will be 1,000,000 motric

27.25 1000 @ 1794 1:00:0

Last year's record production was 1,500,000

500 17 sought this year.

20000' or 8.50 tons.

~1000 25. 1,80 Reductions in prices are *X-

F0 $.50 pooled, to result from a

500 6.80

800.55 output of rice, which

8 0.20 1000 ir „4.10 basic commodity.

Elec. Bonu) 22.30 Telephone

Vement

1000 21.

record

the

75 € 23.85 The Premier ulso warnce 4266233 Abat any effort to obstruct the programme for land reforms would be ruthlessly suppressed,

3200 or 1735.

10.05 United Pres

18% 10% 500

世論

0000 * 2015

"It will not be easy to absor these additional burdens but confident Japanese Government and Japanese people will make every effort to re-establish their world standing by fulfilling INDUSTRIALS thate obligations to the maximum possible degree.

be cannot. "Accomplishment

Jane without sympathetic Tonis, ETC." completed

cart- Dairy full understanding and

Watson..... alderation of the rture of the with which Japan must problems struggle and the obstacles to any quk, easy or completely satis- MUSCELLANEOUS factory solution of them. From any viewpoint, they comprise a formidable array of difficulties which easily might dismay a less Industrious or courRECOUS people.

Entertaäument Vibro

The

2016

03.10

1000 18.75

EMPIRE TALKS

CONTINUE

SAILINGS TO EUROPE

"OVERIJSEL"

Fab.

HOOGKERK"

Niari

ARENDSKENK"

Apr.

7th

"KIELURECHT

May

7th

BAILINGS FROM EUROPE

Noliezdam

Arriven Tiongkong.

Railed Jan. sia-

Frb.

Xth

"AREN

Kailed Jan, 201

Alar..

Mnr.

* Apr,

19th

May

May Ind

June 7th

Apr.

PATTISON ORIENT LINE

.LIMITED

5.5. “LAURE PATTISON”

Due From:

Kobe Feb.:

10th, 1952

12-14 Queen's Road Central.

Sail's For:

DIRECT Pusan & Japan Feb. 15th. 1952.

CHINESE AGENTS:

Tel. 25346,

OVERSEAS CHINESE STEAMSHIP CO.

48, Bonham Strand, West, 1st Floor.. Tols., 25646, 26127.& 81119.

Philippine Outery

Against Sugar Export To Japan

Manila, Feb. 4.

A Liberal Congressman charged on the floor of the House of Representatives that a multi- million peso lobby has been organised by sugar · interests to block the exportation of sugar to.. Japan.

A near fist fight and heated verbal exchanges marred the House session after the charge was made by the Con«,! gressman, Mr Hermenegildo Atienza, Liberal of Manila, in a privilege speech.

the

Mr Atienza defended the | tpplied fra a similar licènes as Quirino administration, for ap- Mr Roxas, among them

of the proving exportation of so-called Directors and members London, Feb. 4.

Class sugar to Japan even Sugar Association?" The two Commonwealth committees studying Sterling before the Philippine sugar quota on the United States market is and investment. convertibility

alled. and long-term borrowing projects continued their private meetings here to day.

Rubber development

Markets

London, Feb. 4..

Prices of rubber futures cicret

for. Mr Brannan Exchange Rates my visits to Japan have done today as follows:

some 109 fotmer

defence warehouses were usel

the Commodity

Credit Corporation. But, he said, about 54 of them already had been leased for long terms to local governments which in turn bad sub-leased operators to privato

-husiness, wax done in the local market tELLM morning at the following ratesim UB., dolar (per; }) ............ sterling noto ar, 41) Indbücele guilders (ver 100) Hiam tlenie (per, 100) Aingapore (Eiratiu) ric blantes : (per 100)

Wwdzonange

Number 1 rubber,

A near fist fight developed when a Cong:casman, Mr Manuel Zosi, Liberal of Cebu, repented- ienza charged that the ly interpellated M. Atlonza, who Mr Atienza Tobby had influenced 14 Senators had asked that he be allowed into opposing sugar exports to to Anish the speech first-United

The controversy over the ex-

Jajan,

port of sugar to Japan arose

Fress.

Arched a secret session this following approval of our New York Sugar

The committoo on investment and borrowing for Common-

gesalon morning under the chairmanship 2012-13 of Mr J. G. Foster, Common

1 Relations 314-74 wealth 37-38 Sceretary,

The commiites convertibility met in the after- goon under. Sir Arthur Sulter Minister for Economic Affairs Reuter,

in ceata per ib. Manch April Apri/June

3076-14 July/Beptorba z

3915-1 October/December

United Press, SINGAPORE MARKET.

Singapore, Feb. 4. Prices of rubber futures closed today as follows Number 1 rubber, per 10,

February March

"However, there is no evidence of that at all and my belief 19 that with full realisation of what is necessary they will find a To that end, in way to do it.

what I could to alert them."

GREAT PROGRESS Mr Dodge continued: "We see esa in Japan the most industrialised 25.5mtion of the Far East and thei

330

natural workshop of the area. E It is an camomic, complement to 12.475 the other nattens of South-East Asia and can make the beavier chustelal equipment so much needed by every neighbour MAY 11 people are "civilised; or New York, Feb. 4. derly, energetic, -enterprising |... ABY The Dow Jones averages of and progressive, Fundamentally, Number-a, rubber, the end of the stuck-market them outlook its : Individualist, Number 3 rubber,

and anti-Commun- February samion etpost as follows conservative New York, Feb. 4.

“Number 4-rubbar. Copra was quoted today at 30 industrials 2008 1

past

with Russia Sa Fohrusty. conflict. $103.50 per short, ton, nsiced. 15 utilities:

27615,214 have loft them with no illusions no hubbar,

Black crepe Coconut oil, was quoted at. 10-20-rails

187.29 about the Soviets, and what is No. 1 pale ɑrope "pants" a pound sech United 40 bonda...

·Gotikam United" "Press" Happening in China is a close-10-

"We gave these Individuals the same kind of grain storage con- tracts we gave some 12,800 other grain storage.compaules," he Prices closed at the end of said.-United Press, the official morning -session_os follows Cen

*Hoot^1{m,^-buyars

not tin, selors

Priness dona at

Three month,, buyers

"Three-months : tin Nus'nom done, Bettiement

NY Stock Market

260.70'ish

February

-13144-153).

1237-126;

£50-165 lád Press,

Under

on Sterling

cation by Mr Filadelfo tuxa Mánila businessman, to chip 30,000 tons of sugar to the for mer enemy, country.

This was opposed vehemently by sugar Interests as against the national interest, an the ground that the quota for the United States market must first be fi- ́od..

Futures

New York, Feb. 4. World sugar. · futures, "closed" today 1 to 2 points lower with sales totalling 123 contracts.

Contract No. 6 closed 1 to 4. higher with rules totalling 238 contraris, re Contract No. 4°(World).

May,

LIST PRODUCED Mr Atenza, who was heatedly Manch Tergues, produced'; a ́list which September. New York, Feb, da purported to show that many Novemb The pepper market ruled other persons had applied for Spot

Centraal No. 4. quiet and stendy today, Resellere permi agita expire, suzar to March quoted Februaryshipment at Jadi,

NY Pepper Market interpellated by numerous col-y

between $1.31-1.12 pound Mr Atienza. rald: "34 th con- March $1.20-1.20 a pound, Alltrary to our nations policy, to Sptemb na envex-dcele (basis—United | export sugar to Japan, why a spot Preza

it that 23 partier "hage" already

November

1443

4.44 bid €47.bid

€47 torninat

1.00

6.00 nargina)

nited, Pri