1952-02-12 — Page 9

ROYAL INTEROCEAN

PĖJICODAB"

OTHLUWAN

***TJIBADANK"

"VAN IIPUTSZ"

"TJIWANUF

45AAT SOENDA"

“ÜGISSEVÄIN“

"THRANAS“.

TASMAN

SKILINGB

Teb. 13th

Yab. 15th

THE CHINA MAIL, TUESDAY, FEBRUARY 12, 1952.

Y

Page

LINI New Delhi On American Summing Up MESSAGERIES MARITIMES

bjakarta,, Kjikobyl), si o nakang,

Durabila & Malálber

Singapore,

Djakarta, Semarang, Surabala, Macassar

Ringsbare, bjakarta, Semarang.

Singapore, Padandis & Belawan. Deli

jakarsa, Tjikobon,

Surabala & Macaskar

Sematada,

Singapore, Mauritius, B., Africa &

1. America

starsporo. Djakatta,

Surabalade Diacamar

*Béthitang,

Mania, Singapore. Mauritius, E, À 9.

Africa B. America

Feb. 18

Japāņ

Fey, 37th

Japan

Fat 27th

Japan

Mar Mar.

2nd

"TJIONDOK”

Mar. Cl Alar: har.

Surabi & finorar Manua, Singapura

B. Africa

Tth TUL

TJISADANE"

Mar. Alh

*YJILÚWA II**

"BOISSEVAR"

16th Mar.

Mar. 21t

"STRAAT

MAKASSAR"

Mar. 24th

ZJIKAMPER"

star.

25th

**TJIWANGI"

Apr.

2nd

"VAN BEUTK2"

Apr. 7th

TJILUWAN,

Apr. 15th

"TIKONAS"

Apr. 17th

Apr. 29th

Stay 2nd

**STRAAT

***31.UWA EI"

May. 41h

18th May

TASMAN" "SIWANGI

MAKASSAR"

TISADANE"

Japan

Djakarta, Thirebon,

Surabala & Mucasos singapore. Djakarta,

Встагани

Bejarong.

Burabala & Mincaviar Singapore, 'rmang & Delawan Doll

Singapore, Djakarta, Bemarang,

Nurabala Macaesar

Jakarta,

Turshon, Semarang

Surabata & Backs

Singapore, Penang & Belawa fill Singapore,

Surabals &

Macassar

BENE.

Maurita, bingapore, Sauritius, E. & 9.

trien. Amories

Singapore. Djakarta. Semarang,

Suranata & Macatiar

ARRIVALS

Feb. 154

"STRAAT BOENDA" Feb, 28th

"YAN HEUTAZ"

"TJIWANG

TJ.UWAJ"

Feb. 27th

Feb, 2tl

Mar. 13

From

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

Manju

5. America, S. Africk, Bingapore

Rurabula Manila Penang. Belawan Delf & Blogapore Surabais, Hemarang, Djakarta singaporE

Surabala,

·AINCAVEAT.

Djakarta & Singapore

Macanar,

General Agents,

HOLLAND EAST ASIA LINE

BAILINGS TO EUROPE

SemaranE;

German Trade

London, Feb. 11.

The Indian Deputy For elen Minister, Dr B. V. Koskar, tok Parliament Loday

that India

Wils prepared to sign a friend- ship and commerce treaty with West Germany, New Delhi Radlo reported.

A treaty would be draft- ed shortly-Reuter,

AMERICA

TO RESUME BURMA AID

Rangoon, Feb. 11. United States economic aid to Burma will shortly be resumed DR & result of Burma's accop- tance today of the Mutual Security Act, which has replaced the Economle

Co-operation Administration scheme,

Of Aims Underlying Moscow Trade Talks

Washington, Feb. 11. .

American officials believe that very few if any US. businessmen will attend the Moscow Trade Conference in April despite the rather in- tense invitations for some of them to do so,

The first groups of Americans invited to the affair had either de- elined or falled to answer the Soviet-inspired Invitations. Russian efforts at present are being directed toward a second and presumably more sym- phthetle group of American economic figures.

The Moscow Trade Conference which had its Inception In the World Pence year ago, has two principal Council meeting in the Soviet sector of Berlin about a objectives, according to its sponsors "relaxation of tensions which restrict trade between the Soviet bloc and the West," and a "general improvement in the living conditions of the peoples of the world."

in Moscow Press cover-

4. It canot be independent of American oficial consider the Trade Conference to be a Soviet political theories since it is spon- attempt to break down from sored by the Reds Ald

temporarily within the WVAR

United States the where meetings and Suspended last month after restrictions on trading in strate-age will be controlled. Oppos!- Burma refused to sign an agreem

gic materials with Communist on to he Red-drafted proposals ment by the deadline date, controlled countries. The General will not be

OFFERS January 8,

Director of the affair is M: Oscar

The Reda are tossing out al- Lange, former Polish Ambassa dor to the United States, who is tructive trade offers in advance foreign business interests. at present in Warsaw. The to Amulern in contact with him in The Russians went all-out to regard to the conference is Mr make a favourable economic im-

ATTRACited.

The original agreement has been alightly anionded to meet Burma's objections that it con- tained clauses which prejudiced her position of neutrality between the Anglo-American Samuel B. Lush, a Philadelphia pression at the Bombay Trade

and the Soviet blocs.

Burma feured that the words "mutual security" implied that she was obliged, In return for United States ald, to align ber- ralf militarily with the Wester Powers.

The exact nature of the changes in the ag cement was not disclosed,

exporter and importer of cotton linters.

COLONY'S

ACUTE PROBLEM

Local Man's Letter To "The Times"

London, Feb. 11. An aspect of Japanese competition which presents an acute problem for Hong

Fair which closed on January 91. They took over the best booths und prominently displayed Mr Lush imports a consider- satellite motor-rs shd other able quantity of inters from the commodities us irade bait,

The U. S. reaction is that such Soviet Union. He was reported to have sent lotters some time trade offers by Moscow are false io a group of prominent because the Russians cannot ful- ago Americans, inviting them to them their commitments.

Those Invited Maxow is also making a big kong but which has not- April conference. Included Mr Henry J. Morgen-play for Japanese business. This been mentioned in discus- campaign is being watched with slons at home is referred to Marshall banker, Mr thau Jr.,

millionaire' department interest by Japanese businessmen owner and publisher of secking markets.

"HOOGKERK"

Alar.

"ARENDSELAK"

Apr.

"KIELDRECHT"

BAY

ዝ

"AAGTEKERK"

... June

SAILINGS FROM EUROPE

Balla Stotterdam

Arrives Hongkong

"ABENDSKELK”

Salled Jan. 214t

har.

6th

KIELDRECHT"

Mar.

5th

Apr.

10th

"AAOTEKERK"

Apr.

2nd

May

3th

May

End

June

A Government announcement said that Burma hnd accepted ald because its acceptance did not affect her declared policy. Reuter,

Field,

store

the

Chicago

«ÖVERIJ{{EL

Plan To Increase Production Of Nigerian Rubber

London, Feb. 11.

A big scheme to step-up and improve the quality of Nigeria's rubber output will shortly be put into operation by the Nigerian Government.

The project will be officially announced as soon as final details have been agreed.

Foreign Exchanges In NY

Canada England-official

"

Australia

New York. Fel, 11.

US$8.09-13/14

2,70-3/15 250 bid/ 234 atked 2.77-13/16 2.701%

whoflleial 20-day futural DO-day futures

New Zealand South Alrick Belation

ric

2.189

1453

We Germany

4.20

.2030

I'vance

Tiler

italy

Norway Tortugal

It calls for the construction of a number of rubber process- ing factories in the Western and Eastern Regions,

A pilot factory, to be erected either in the Warrie or the Benni province, is expected to

Philippines Sugar Order

Revoked

Manila, Feb. 11. Acting Secretary of Commerce Saturdino R. Mendinueto this afternoon revoked the Eugar order No. 4 thus again permit- ting the export of non-status

sugar to countries other than the

United States.

Russia, for in a letter to "The Times" Sun-Times, Mr example, has offered Japan cok- by Mr W. M. Sulke, of Joseph Davies, former American ing coal at $18 per ton, compared Hongkong. Ambassador, to Moscow, Me with the present rate of about William Douglas, Justice of the $30 per ton for West Virginia Supreme Court, and Mr Theodore coal-United Press. Thackery, publisher of the New Yo: Compass.

All these have either declined or failed to answer the invita- tion. Mr Lush then sent invita- tions to a group of smaller busi- Dressmen and college professors. Officials were unable to say what success he had in the second try but thought that none accept.

would

HONGKONG

SHARE

MARKET

Nevertheless, U.S. ometals ad- (From Our Correspondent) mitted their worry over the pos- ! sible psychological effect of the conference in Western Europe and the Far East.

JAPAN'S ATTITUDE For issuing order No. 4, which

As regards Japan, they be rendered Ineffective the Cabinet policy permitting export, Prelieved that the Japanese might be tempted by the Soviet offer sident Elpidio Quirino suspended

Vicente to send a ship to transport their Administrator Sugar

delegates to Vladivostok and then give them free passage by rail to Moscow. The Russians have

also offered some coal to Japan on condition of their al- tendance.

Bunuan,

Mendinucio explained that the Commerce Department had always been in favour of seck- ing and cultivating new markets for the country's exports in view

India is expected to provide

1

Exchange this i-Tho. Stock

morning experienced one of its busiest mornings since the war with transactions being valued at $1,825,833.35. Realties were much in demand while Hotels feaure. Noon the morning's were again quotations and transactions: SHARES BUYERI BELLERS SALES BANKS

1600 IIK Bank Eost. Al INSURANCES

Union!** Underwriters SHIPPING

As Nev.

K. Whart

DOCKS, ETC.

-

TBS

4.00 5.00 1000

1.00 1.89 13001 104 108 200

N. PL. Whatt 7.16 715

Dook

Pluvideat

165

10 10 300 m 105 30:00 13.6

recent

S'hal Dock.

the

Lerlock

4214

tximel

of the position, starting in some delegates in return for the 1954, of levies on Philippines avish display made by the exports to the United States in be completed next year.

Trade Fair, necordance with the 1948 Trade Soviet Union at the Size of subsequent factories Act. He added: "By seeking

officials asces will deperid

the results (A un

new markets now for our export Moscow trade meeting as an shown

by the pilot factory, To

effort to convince Western bust- begin with, though, the Niger products, including sugar,

is Implementing fan staffs of each will be num-

policy which is both sound- and nesmen that they should ot~ |

to break down their gov- bered in dozens and not in

imperative."

U.S.-Inspired hundreds.

the East-West Meanwhile Commerce Secre-

egains: The project will involve part- Western nerships between the

or Eastern Regional Production Development Boards, and some of the leading British rubber

The 28-9/10 companies,

necessary money, which may eventually run Into

millions of Some pounds, will be put up jointly

.1405

.0010

Spain

0201

Sweden

,0039

Siwlizerint

1480

Middle East

Egypt

2.8634

Iron

Ira

2.BL

Turkey

03125

5773

Latin America

Argentina

0500

1974

Brazil

Hulvia

Chile Columbia Cabu Mexico

Peri

Uruguay Venezuela

Far East India

Pakistan Hongkong Indonesia Bincapere

pan

2030

2040

Unlied Press,

Output

Pulp

Record

Moored, Feb. 11, Canada's production chemical woodpulp boomed

by both sides.

The

British

rubber ram- with long experience of will be responsible furthermore for "KOW- supplying technical

pduction in Malaya,

the

country

our

л

traminis

trol

The State Deperlats.

con-

is dis-

tary Cornelio Balmaceda, now trade of strategic presiding over the meeting of the Economic Commission for the couraging Americans from ac- Far East and Asin in Rangoon,cepting the invitations. Business- Burma, is being awaited here os men

economista,

iclentists,

It was he who approved sugar industrialists and trade unionists arder No. 4.-France-Presse,

inquire about the State Department's attitude are being told that the conference Is "rigged".

LONDON

TIN

MARKET

London, Feb, 11. Prices of tin closed today at the end of the official morning session as follows:-- 'Spot tin, buyers Spot tin, lern

Business done at

Immediate aim is to improve quality of Nigeria's output, which at present commands

103 little more than 00 per cent of

Three months tin, truyer Dat the price of Malayan rubber.

For Nigerian

Turco-months Un, sellers. 185 in producers,

Business done at

DUTY-0021 wild Lap general,

growing

Seltiernent

-United Press. trees, and carry out the process ing themselves. They sometimes mix the latex, often in on im pure state, with uric

or citric

aeld, instead of the more sult able formic acid. Result is thert

570 yen to U1991 | rubber of Inferior quality.

The intention; therefore, is to locate the factories in the rehires of rubber growing dis tricle, enabling Nigerian pro ducers to bring their latex to them for processing. .1

On the boards. of the

now of companies will be Nigerian to presentatives slangside members Regional Production to of

Boards, which M

statutory Mr C.

the bodies with considerable funds Matheson, Chairman of

at their diaposol derived from Chemical Pulp Section of the Canadian Pulp and Paper Asso- the sale of other commodities. Encouragement will; further clation, said today.

to Nigerians rubber trees, rather the wild growth india

an all-time record of clase 4,000,000 tona,

the

Mr Matheson told the Asso-more be given

clatton's 36th annual meeting than lap the

cultivate

are

Rubber Futures

In S'pore

Singapore, Feb. 11. Prices of rubber futures closed today as follows

Number of rubber, per ib.

February

March

April

Number 2 rubber,

February u

February

IK Land. Shai Land Humphesys Really

UTILITIES

8.80 8.70 1600 @ a

13 20 1413

Ligist (20) Electric Eleè. (Bonut) 2015

The Department's assessment of the Communist sponsored: Tram conference has been relayed to the U.S. authorities overseas to help them answer inquiries from foraigners.

While the Department frowns officiate mecting, the

Telephon on the

to it will grant passports INDUSTRELLS

Cement bona fide non-Res Americans who feel it would be to their Interest to travel to Moscow. | KTONES, ETC. Many inquiries have begi re ceived but only a handful of Americana, dibiëls káig, indicat-corrONS ed that they will go.

sald

PROPAGANDA BUSY

Kope

Daly Watson

Sinceres

The cotton mills represent the principal industry of Hongkong, he points out. Roughly 50,000 the people

are employed by mills, so at least 100,000 people are dependent on them.

This industry, he goes on, is very near to closing because of the American Government's re- fusal to grant licenses for Ameri can cotton for Hongkong,

This fact in itself would not esuse alosure However, the Japanére are receiving American cotton and paying for it with money barrowed from American banks, says Mr Sulke. from the US. is about 80 per cent cheaper than Pakistan cot- ton, which is all the local milla can obtain.

Cotton

Consequently, he continues, Japanese cotton yarn sells below the cost prices of the Hongkong product, and local mill owhers will be forced to shut down if American cotton is not im- mediately made available to

them.

This situation is not only causing grave anxiety to the 1.50 Colony, as just at this time, 50,- 000 unemployed, would present a direct real to Hongkong's security, but alio gives rise to considerable bitterness

18-a-V the Americans and Jagon piton

Mr Sulke

"NO odds: yarn or piece goods from Hong- kong ind

their way to Chind, have but Shanghai's markets plenty of Japanese cotton goods

noo

11500 4 8.7

2000 8.00

1000 8.7

823

1.75

1734

... 18.30

to soli

MUSCELLAN

↑ - Yangtaza 3.1 4.40

for male."

-(London Express Servicej

Grain Prices

In Chicago

Chicago, Feb. 11.

Prices of grain futures turned irregularly lower today. Prices closed as follows:-

Bes Wheat price per bushel

March

17.30 BLEY 225 July

24.50|Beptember

70 December

Corn

106 din 40 Spot

241 March 113 May July H koti | September

December 2000 @ 3.80 | 1ye

March Moy

·0005 0.45 Outs March May

..

The frigid American attitude New York: Sugar

Abward the Moscow meeting is expected to be expressed public- ly Soon. It is sure to touch off. d new Washington-Moscow argu- ment over the merits of 2203-120% meeting. 126-12831

-12096-%

the

Futures

New York, Feb, 11. Wrld, sugar futures closed Soviet propaganda in recent today 1 lower to a higher, with 120%-127% pocks has been urging Western sales totalling 48 contracts,

Europeans, Bouth Arians and Contract No. 0 closed 1 to 2 Japanees to attend. The Russiaris higher with sales detailing 150 expect between 400 and 500 entreets. foreigners.

12334-124%

re+

Number 3 rubber,

Number 4 rubber,

12236-5

ninck crepe

Spot, rubber, unbeled ...

No. 1 pale crepelted Pre

to

that production is 18 per cent criminandon of the ruhe.

higher than the previous recont established in 1950, aided by

new mills opened during the

ber Industry

netted

5100-00

247-165

4.49 bla

The best official Centret No. 4 (world) : is that approximately 100 March Americans are on the invitation July ist drafted tehind the

fron Curtain.

ron | September

November

'November

The

State Department's argu- Spot Downward Trend

ments against the meeting are Merch In Prices

1. It has been called by Mos- As the which last year

purposes the cxonomic conse Washington, Fobiow to stress for propaganda JAY £1 million, will be

Average, wholesale prices rus quences of the disastrous" spot. two years and by the carried out gradually, workers sumed us toward end, Wastern normament peogramme creased modernisation of units will not be abruptly attracted the week ended Feb. 8 with

It will seek a cevival - ‚ and operating'efflelency, p away from cocos, groundnuts 3/10 of 1 per cent decling the East-West trade in strateg

Mr Ms

sild: Mathieson

"It does not or other development schemes. Labour Department reported to Items needed by the Communist appear that the world has yet caught up with demand.don Express Service...

pust

supply

Copra

However, Indications ngoi that the position was in romtively

Wan, quoted today at better balance at the end of the $147.50 per abort tonë asked, year than at the beginning "- Cocoanut oll swan quoted at 91⁄2 Unified Press.

Icenta a pound-United Frees,

La hominst

Contract No.0

8.56 bid

1.30 bid

527

MOM

Arling Leaving

“ZELIDJÁ" "THKOGENITON” ................Apr. 2

*"FELIX ROUSSEL”.........., Mar, 8 †"MOBTAIN”. +"ZELIDJA"

Mar. 13

Apr. G

•

Mar. App

Outward Far

* Kobe, Yokohama

:státphong

Homeward For

Mar 7. Marusilios via –– Dianila : Mar. 18 2. Atzica wikipa Apr. 7 N. Atries & Europe

passengers & freight. freight for Saigon, Port Sald, Tunis, Marseilles Alglers, Oran, Tangier, Casablanca, Havre, Dunkirk Antwerp & Rotterdam.

Subject Tu Chanjé Wiiksul Notice

CIE DES MESSAGERIES MARITIMES P.O. Box 58, Hongkong Queen's Building (gr, floor) Tel. 20651 (8 lines),

MAERSK LINE

FAST FORTNIGHTLY BERVICË TO!

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

NEXT SAILINGS

M.S.

"JEPPESEN MAERSK”

M.S.

M.S.

HULDA MAERSK" TREIN MAERSK"

Feb. 18 2 Mar. Mar. 16

ARRIVALS FROM

U.S.A.

M.S. "TREIN MAERSK"

Feb. 16

Feb. 29

M.S. "NICOLINE MAERSK

Mar. 16

M.S. "PETER MAERSK"

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building.

Tel: Nos, 86006-9.

PATTISON ORIENT LINE

LIMITED

5.5. “LAURE PATTISON”

Due From:

In Port

12-14 Queen's Road, Central.

Sails For:

DIRECT Pusan' & Japan Feb. 17th. 1952.

CHINESE AGENTS:

Tel. 26846.

OVERSEAS CHINESE STEAMSHIP COM

48, Bonham Strand, West, 1st Floor.

Tels. 20127, 81118 & 81119.

メ

bd14-2.01.

PENINSULAR

1841-14

12411

1.81

154%

•New York flourper 206 la. BAEK.

iated Bra

Cotton Takes

A

Beating

New York, Feb. 11. Cotton futures plummeted 50 bale, suffering the tharpest beat for any scation in thred honths, March delivery went down to 40 cents a pound, its lowest level since Nov. 8.

Prices closed he follow

MATCH

May

July Octubre, December March (1033), May

.bid

MUnited Phaar.

July

production

Exolange

பெ

www countries: for milltary

Business day,

1755 | and civilines use; pad The price inget was 1768 per cent of the 1020 average, 12 Antradiempt to weaken moring, al per cent above the pre-Korean Western unity and isolate Wear eMMER 2014 war average, but a quarter per tern Europe; South Arin and Indorelldar

(100) cent below the level of a year Japon from

Bingapore (@Kruita) ;; co-operating with the United States economically; 1:235plaats (paz-100) go-United Press.

Rates American

43.15

39.45-40.00 38.00 BO.ES ABG.AK

2015 märitat United Prepa

Holiday

V by New Yons, Yes, 11.

Khie | All the major US. Semily and

SEPARABIT

ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CARTHAGE"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE

SPECIAL NOTE:

Community markels will be closed EMBARKATION:

on Tuesday) fölnärvänteet Lincoln's birthday, The British markets will operate as usual.. 2545 | United Froes,

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

"ALL passengers baggage must bo sent to the Hongkong & Kowloon Wharf Co's Godown at No. 2 GATE! CANTON ROAD ENTRANCE BY NOON on THURSDAY, the 14th February, 1958,

With the exception of hand packages carried by passengers themselven, ALL BAGGAGE must påka, through, the Wharf Co's Godown for loading on board by ship's slings only.

WIll take place on Friday the 15th February ̈ ̈ bộtween 9.80a.m., and 11.00a.m.