1952-02-11 — Page 9

MESSAGERIES M

"ZELINA"

THE CHINA MAIL: MONDAY, FEBRUARY 11, 1952.

Page

MARITIMES HOW CRISIS DEVELOPED ROYA INIEROCEAN LINES

Arriving Leaving

"THEOGENITOR” ........... Apr.

Feb. 18

Mar. 4

2

Apr. #

▸

Mar. 7

blar. 17

Apr. 4.

Mar. 18

Apr. 7

**FELIX ROUSSEL"...Mar,

†"MORTAIN"

+"ZELIDJA"

L

passengers & freight..

M

Outward For

Koby, 'Yehehanım Haiphong

Bomeward For

MagyaŬles via Manjis

N. Abrica & Barude N. Africa & Europe

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

Bubject To Change Without Notice

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

Queen's Building (gr. floor) Tel. 26651 (8 lines).

PENINSULAR

QUIS NOS SEPARABIT

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CARTHAGE"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

FRIDAY the 15th, February át 12.00 Noon for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said.

ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co's Godown at No. 2 GATE, CANTON ROAD. ENTRANCE BY NOON on THURSDAY, the 14th February, 1952.

SPECIAL NOTE: With the exception of hand packages carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co's Godown for loading on board by ship's slings only.

EMBARKATION: WI take place on Friday the 15th 0.80. u.m. and February between

11.00 a.m.

NEW U.S. AID:

Britain

Hoping

For Relaxation Of

Conditions

London, Feb. 10.

Britain is hoping for some relaxation of the conditions under which she may spend the $300 million emergency aid granted by the United States last month.

London Analysis Of Economic Situation

Taipei Planning Trade Expansion

Talpel, Feb, 10.

Chinese trade and finan cial officials today were reported to be mapping new commercial progTRE)- mes designed to increase business with Malaya and Japan.

One report stated the provincial government and Central Trust were work- ing on plans for a US$10,- 000,000

trade mutual agreement with Malayan organisations. Taiwan SUKAF, would

export

and cement. paper. tea aluminium in returJE for Malayan tin, coceanut oil,

iron rubber and United Prest.

ord,

Failure To Absorb Change

In Trading Conditions

(FROM OUR OWN "CORRESPONDENT)

London, Feb, 10.

UTASHANK

*THLUWAN"

"TJISADANE”

Yob. 13th

"TRAAT BUENDA" Feb. 27/h “BOISSEVAIN" "TILWANDI".

"TJPANAS"" "TABHAN” "TIPONDOK" "TIJSĄDAŃE"

"THLUWAN" ‚“BOISSEVAIN”' "STILAAT

MAKASSATE”

The grave tone of recent min istorial speeches and the sombre "TKAMPEK warning of the Commonwealth Finance Ministers that failure to deal | “TAWANG!" effectively with the very serious economic crisis would have "far-reaching | VAN HEUTS consequences" have done much to stir the public to awareness of the "TJIŅODAR". tremendous task ahead.

It is still possible, however, to detect in some private conversa- tions and even in certain public utterances lingering belief that this is just a "phoney crisis.'

This attitude does not reflect any läck of public spirit but rather a failure to understand

how so serious a situation could have developed HONGKONG

so suddenly. We have travelled the road from apparent prosperity to certain danger in an

EGYPTIAN amazingly short time.

TRADE SCHEME

Studying Business With Germany

pave

This expansion in trade can-

annual rate

ut £551

BANKS

SHARE MARKET

100

"TJILUWAH"

"ZABIJAM" *TJWANGI

"STRAAT

Mari Mur.

מיזוג.

Mar. 16th

Mar. esti

Mar. 25th

Apr. 2nd

Apr. 7th

APF. 10th

Apr. 17th

Apr. 23th Any 244.

May.

MAKASSAR" *THLUWAD"

ELM

May 16th

BRETTSLA*Irabon/

Alacapote, 15jakarta,

Murabata & MarsuIRT

Japan Jupan Japany

Bemarang,

Singapore Djakarta, 21 Semarang. Manll

B. 'Africk "Bingapore & Ringapore, Penang & Belawan Doll

JANATA Tjiridon; - Gemarante,

Muraumin & Machten? Singapore Maurita, 8. Afrija 4

America

Singapore. 1)jakarta, demarADE,

Buradala & Nacksinr

Hania, Riogapore, atauriting, B;'♪ 8.

Africa di "," America

Japan/

jakarta, Tiirebon,

1- Burašain, & Macassar

*Bisgapore,

Djakarta,

Súrábala & Misenstap

Semarang,

Heminrang,

Singapore, Penang & Belawan Dell

Singapore,

Djakarta, Cesarang,

Gurabala' 24 Marasing

Djakarta, Tilrebon, Semarang,

Barshala 2a Macsásar

Bingapore, Penang di Belawan Doll dingaboro, Djakarta. Escarass,

surabata & Macassar

Manila, Singapore, Biaurlitos, E. & §.

Africa & N., America Singapore, Djakarta, Gamarang,

Surahsia & Macassar-

ARRIVALS

Fab. th

"TJJBADAŃK"

"STRAAT BOENDA" Feb. 28th

Feb. 1th

Feb. 28th

Nis. 12th

“VAN DEUTEZ" "NHWANGI"

#TIILUWAI”

From

8. America, E. & 8, Africa Singaporò &

Manila

America, S. Aiea, Singapore Hurabala & Manila'

Penang. Belawan Deli & Sluzabora MACKET Surabala, Remark

Djakaria & Singapore Bracunar. Barabala. SOMATADE.

DJKKăta 2. Singapore

General Agents,

HOLLAND EAST ASIA LINE

SAILINGS TO EUKOPE

*KIELDARCHT""

"HOOGKERK" HABENDSKELK"

Piar.

Apr.

7th

May

June 7th

Ba

BAILINGS FROM EUROPE

AREND

Arrives jongkong

Salled Jan. Jfxt

star.

"KIELDRECHT"

Mar.

5th

Apr.

“AAGTE

Apr.

May

"OVERIJSKL”

May 2nd

June

6th 7th

The post-Korean com-, other countries, were insufficient modity boom made 1950 a to outweigh this deterioration. SHARP DETERIORATION year of record expansion for

Comprehensive Apures for (From Our Correspondent) Commonwealth trade. Ex-Commonwealth trade during the ports rose from £4,764 mil-second half of Ift year are not Business done on the Stock: lion in 1949 to the record. yet available but an idea of the Exchange this morning was that occurred | valued at $968,143. Noon quota- figure of 26,389 million, and sudden change

be during that perjod can trops and the morning's trans- imports increased from

gathered from the amual trade actions:- to £6,625 return of the Sterling Area's | SHARES BOYENS SELLERS SALES į "AAGTEKERK" £5,612 million

biggest dollar million.

earner

Malaya.

FC Bank of

.. 1880 1000 Despite the suspension of

Rotterdam 225 14 Paris, Feb. 10."

...in | INSURANCES

Union *** 720 785 30783 Egypt is exploring the tinued into 1951 and during the American tin purchases early in 1951 Malaya enjoyed a record

Underwriters 489 51, 1500 ja 5 possibility of # sizable first half of that year the Com-

HK Fire#%. DOCKS, ETC. valued step-up of trade relations monwealth was exporting at on truding year. The Colony's im-

of nearly

28,500 ports were

K. Whart rate million.

million and exports at .£600 N. Pt. Wharf

favourable with Germany, and Egypt million and importing at a

giving lan sources said the poten- of over £9,000 million a year.

of 2148 million. tialities are enormous.

Exports during the first halt balance

Deck (Including re- Rubber exports OBERL and experts lately of 1951 increased in value by a

17

of Indonesian rubber) per cent. In tha: exports been examining on the paths alone the

value of totalled £481 million, of which prospects of intensified six

exports wus £134 million was earned from ect.remie relations with Western Commonwealth Germany, and concreto-moves almost equal to the whole year's the United States and £69

exports for 1948.

militon-from--other dollar. in the near future.

World demand for Common- countries. are expected

Resumption at an carly date

wealth raw materials was full-dress diplomatic

million. Retained and intensified durimin exports brought in mother the Federal Jallons with

These Be

Agures, however, hide public is also under considera-opening months of last year, and

this enhanced the value of ex- the deterioration that took place ilon.

But in the latter half of the year. from all territories. parts The informants, ho recently the increase was much greater in Exports during this period were UTILITIES visited lending industrial ceni-

raw material producing at an annual rate of £100 million case of

an in the Arst six months. Gormany, have countries, free West

in

less than In to the canaluson that

rate But the red

reduction in the Exports from Malaya, chiefly Germany can play an important of tin and rubber, increased h of imports was much smaller, part in the economy of Egypt valus by 180 per cent (£262

DIFFICULT TASK are expected million) German supplies

compared with

The Malayon experience was to be delivered chiefly on corresponding period the previous shared in varying degrees by ail berter bals In exchange for

the Sterling

Area year. cotton Egyptian

and other

LESS MARKED

which failed and Jailed products.

spectacularly to absorb the Much spadework will still Other large increases in ex- shock of

of the sudden change in have to be done to restare the parts were from Pakistan (126 world trade conditions. pre-war trade ties and to ad- per cent), Hongkong (07 per just relations to present condi- cent), Wist Africa (63 per cent), ilons und requirements, the

South Africa 180 per ca.), East Africa 102 per cent) and ELA:ICAS Suid.

Ceylon (01 per cent).

of

come

MEETS SNAGS

1

the

The existing trade agreement

The increases in the price of between Egypt and Germany Ismanufactured goods were much aid to have run into difficulties less marked than those of the acd efforts are being made at primary present to overcome the handl-

cap

much

of

a

an

coumrles,

of

....... 10.05

19

500 12 10}

500 à 1934

300 or 18,03

1000 W

600 4 18.40

社

Provident.....

300 14

S'hal Dock 2.40 2.70 Wheelock ... 4215 LAND, ETC,

HK itstel

HK Land S'hai Loud Kumplireys

.. 8.70

.. 573 5814

14

Tram

17.5317.00 '500

Sta: Ferry

.. Light (01...

310 121

,.3.30

C. Light (N)

Electriu

$0.0 2334

341001

Increased export famings fostered

impression rose prosperity In the producing countries but when

this im- proved to

to ba pression

a false reaction It

was not

not sumclently n serious crisis, INDUSTRIALS to prevent

It had become apparent

nary commodities. This was continued to rize long |

widt

Cemical

Elec. (Benus) 22% Mi

Telephone - 16.45 1911

.... 101 10.00

2015

FOLY

Watson XD, 2

COTTONS

Ewo... $3

Dalry

* 83 83 28 888888888831⠀⠀ 885

$960

Coal Production

In Pakistan

reflected in the comparatively that export earnings were no STORES, ETC. smaller increase in exports from longer able to sustain them at Tho latest tentative ap- the United

Kingdom (23 per their higher levels. in Germany by sim

The Sterling Area has now set sin) and Canada (26 per cent). proaches

there In general left

was an itself the task of balancing its representatives Egyptian them with the impression that increase in the volume of exports trade with the outside world by could be done to promote in the first six months of 1951 the second half of this year. closer trade on a broader scale compared with the corresponding Even if the intention to cut im- and They bollove German machinery period of 1050, particularly in the ports is carried into effect

case of

Ceylon

and the measures are taken to India, grout

prevent variety of types could be shipped to Egypt to help United Kingdom, although, com further inflation

pated with the second half of an immensely

prove and

task. bulld up new Industries

1950, there was 1tle evidence moderniso existing plats.

As the

Ministers of any ICTCORE (N

volume. But the

did not sources

pointed out thle is not a crisis

Karachi, Pro, 10. The increase in exports, how that envisage

Coal topped Pakistan's ming- be solved by "negative can thlu process to take

ever, was accompanied by similar, and restrictive the form of

ral production German

methods alone." Invest-

during the year and' in

some cases, ments in Egypt which

The would

need now is for an ex- 1960-81 with a total of 480,750 pansion of give

Commonwealth

tons, Germany control over the greater increase in imports.

pro-

an. announcement of the Belf Imports of respective industries, All they members of the Commonwealth, will be done all the more quickly

Kaverning duction

and

exports, and this Ministry of Industries anys.

Other

mineral production for see at present is a supply of including Southern Rhodesia, in- if we accept the fact that fallure the SCU

year? chromites, 18,125 tons; machinery

of and

German tressed by £1,182 million (47 will mean the collapse of Sterling petroleum 44,834,020 Imperial technicians and experts who

10,250 tons; would help

disintegration of the gallons; gypsum inciall them and per cent), while Imports of the and the assist in, fraining workers bu Colonies rose by £288 million Commonwealth as on economic limestone 303,295 tons; silica sands 4,005 tons; fireclay 1,000 would leave when the job

tons. dons-United Press.

Faced with a continuing sharp run-down of dollar resources, Britain's problem is that the new aid-intended for orders placed in the future- may not be available before her mid-year balance of overseas payments.

Strict

conditions have been ; with the aid dollers to Ipid down by America on the whether the list can be, extend- direction in which the dollared to talte in items not at pre- ald-may be spent. It can be sent included. used only for buying "defence- like" materials Imports which can he strictly related fence.

The list, not yet final, in- to. de cludes ateci and steel-making

materials.

Another Being

Discussions are now held between Britala and America on the "elligibility" of various materials for purchase

Bank President

Visits India

New Delhi, Feb. 10,

object of the talks is to see whether various pur- chases can be regarded as roe trespective so as to be met ou! of tho aid fonds. Router.

CEYLON ANXIETY

Colombo, Feb. 10. The Ceylon Government 19 considering the question of curbing dollar imports to keep the Laland's balance of trade with the dollar area,

United dwindling of The Mr Eugene Black, President of States rubber purchases from the World Bank, arrived here to-Ceylon is causing anxiety here this would considerably day for a fortnight's visit to AS India in the course of a study reduce her dollar surplus and and even lead to a dollar deficit this tour of the Middle East

year, South-East As}],"

is being position

The

Mr. Black fold correspondents examined by the Finance Minis

at the airport that during histor, Mr J. R. Jayawardene, whe visit he would discuss with is likely to make proposals zoon Indian omcials problems con- cerning India's development pro-

Jects

who

■

(59 per cent).

is

MALAYA

Outstanding

an even

OUTSTANDING

increase in fm- ports into colonial territories was

Rubber Estates that of Malaya, where an increase

Disposed Of

of

unit.

Ore For

Iron

Jap Mills

Four Japanese

Pakistan,

deficient in many minerals, imports coat from various areas, including India-

Associated Press.

COAL TARGET I$ EXCEEDED

123 per cent (100 milliony was recorded. In the case of ali other colonlaĮ territories the percentage increase in imports was less than the average.. Kuala Lumpur, Feb, 10.

The Board of Trade Journal,

Tokyo, Feb. 10, Sales of enemy - owned

figures

Japan produced 4,811,000 tons Tokyo, Feb, 10. (Japanese) rubber estates in which published these Malaya brought $10,608,230 yesterday morning, points out

steel mills, of cop in January, the Govern- that while the increase in the have signed a contrast for pur-mont, announced yesterday, Last year..

was due chase of $1,000,000 tons of Phillp-Total coal production since The Custodian of Enemy Pro-value of imporla perly reported that enemy-part to price increases there were pines iron ore, Nihon Keiral, an April 1 last year to the end of owned estates: remain to be also increases in the volume of economic journal, reported to-January this year amounted to 37,053,000 ton 353,000 tons Imports compared with the firet sold. Proceeds go to pay war

six months of 1950.

Two reprezentatives of

the gora then the target the damage claims.

Philippines Iron Mining Com-announcement added-heuter. pany algned the contract with Yawata Steel, Fuji Steel, Japan Steel Pipe and Kokura Steci at

A total of 119,673,979 pounds of rubber has boom produced on the enemy-owned catates since

Press.

the

On balance the increase in the value of Commonwealth imports in the first half of 1051 exccoded

day.

Liberation. '*- Associated the increase in value of about $9.15, per ton. fres-on-

Increase In US

Grain Exports

and the adverse trade

(measuring imports CIF and board,

for

delivery not later

porte no.B.) Increased from than March next year. £917 million in the period The four Japanese, steel.com- January-June 1950 to £373

are panies, which the largest in million in the corresponding the field are reported to have

period of 1951,

agreed to invest $1,000,000) for

+

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NEW YORK, BOSTON, PALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA,

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Tel: Nos. 360BC-9.

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AGENTS:

Feb. 16

Mar. 2

Mar. 16

U.S.A.

Feb. 16

Feb, 29

Mar. 15%

PATTISON ORIENT LINE,

LIMITED

S.§. “LAURE PATTISON":

Due From:

In Port

12-14 Queen's Road, Central.

Sails For:

DIRECT Pusa & Japan Feb. 15th. 1952.

CHINESE AGENTS:

Tel: 26846.

OVERSEAS CHINESE STEAMSHIP CO, 48, Bonham Strand; West, 1st Floor. Tels. 26127, 81118 & 31119.

Pacific Far East Live, Ina

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SALON WAS A OVERLAND

NEW YORK-CIBCAGO- TROIT-TORONTO

·SİONTREAL” AND ALL AMERICAN - 8., CANADIAN · CITIES

Gyam,' farinas Islands, Micronesian' Kalanda -- Regular Service direct or with franchipment.

the Government.. The Finance Minister, who is

An increase of £330 million | exploitation of iron mines in: SAN FRANCISCOS LOB. ANGELES and would be meeting said to be opposed to drawing on

Washington, Feb. 10.. India's Finance Minister, who the dollar pool If possible, sald The Agriculture Department in the adverse balence of the the Philippines. Nihon Keizal

United

and Kingdom,

the sald the Government is inclined Chintaman Deshmukh,

today.. "Ceylon has been a con- today inarcused the February returns here como:row attributor to the pool since its grain axpart programme to emergence of an adverse balance to appotton the dollar invest

14

million in Canadian ment,Ansociated Presa. brief visit to London.

Inception and we have not only total of 11027,000 tons and, an- of

trade, were the main factors con- India has already. received dived within our means.but we Inounced a March export schedule huling to the Increpso, in the

of 1,844,000 tons of wheat, rye, $58,000,000 in loans from the have been providing the means.

trade deficit of the Common coarse grains and oil reeds.

whole World Bank to finance land for others to live too.

W is pleo eng of the accepted. Germany indom

Germany, India, Japan and wealth o'r

South Africa and octomation and power projects

would

Southern ·Tranderen › wan" dane in the local policles at the Government to

· market' - this and is now sooking further build up dollar fraserve in wave

qusalities Rhodesia also had bigger adverse women ange

maming at the following MAR Дорлард

6.221 TRADE WINDH

1^ "Mr Black's visit follows reports |--

add we are all matters that the period"

Lo our Stoyling reagryp underpa Gregrammes for men trade balances Large filerenses solar park

four months through in the favourable balances of hierling note:(par: 1)

1.00 and Pakistan and Indoneeruders if per 100) Hidde to him By: a Bank daeth Government is considering in the iny. Belgium and the Nather Australia

the Bingapore. (Bivalta),20) "on" at the end of last year on light of pur importa from the lands also would receive sub-embllar Increases in

dollar-ares."--Baufer,

stantial amounts United: Press favourable balances of many Fic-plastres (per 100/ Inilla's request-Houter,

From

For

Exchange Rates

“WILLIAM LUCKKNÉACW)

Ban Francis

Mar 10

Mar. 11

Fenang & Portf

い

~Mar, 21

d. Los Angelės

27.50

For full particulars call United States Lines Co., General Agents; Queen's Building, Tel;' 28290)