1952-02-18 — Page 9

MESSAGERIES M

"ZELIDJA"

THE CHINA MAIL, MONDAY, FEBRUARY 18, 1952.

MARITIMES COLONIAL DEVELOPMENT M Will Not Be Affected By Rearmament

Arriving Leaving

Vrb, ZA Star.

"THEOGENITON"

...Apr.

2

Apr.

*FELIX ROUSSEL”.

**MORTAIN”

+"ZELIDJA"

...Mar.

1

Mar. 7

Mar. 17 Mar. 18 Apr.

passengers & freight.

Apr.

7

Outward For

"Hobe, Yokohama

Hdphone

Homeward: For

Afarseilles via Manita N. Africa Europe N. Africa Europe

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

Subject To Change Without Notice

CIE DES MESSAGERIES MARITIMES P.O. Box 63, Hongkong

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

PENINSULAR·

QUE

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CHUSAN”

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

SPECIAL NOTE:

EMBARKATION:

SATURDAY the 23rd February ni 12.00 Noon for the UNITED KING- DOM via Straits, Colombo, Bombay, Aden and Port Said.

Trade Talks In

Lisbon

Lisbon, Feb. 17. Negotiations between Britain and Portugal for a their commer- renewal elal agreemeh have been interrupted by the forth- coming North Allantio Trenty Organisation session but will be resumed after it is over, British Em- bassy spokesman sal bera today.

Portuguese Tho

dele- gates were too busy with the NATO merling at the monient,

"The

negotiations have been conducted In Да friendly spirit and Ar- been have rangements made to enable trade to continue without interrup- tlon in the meanwhile," the spokesman added. Reuler.

Japan May Call For Conference

Tokyo, Feb, 17.

Flow Of Aid To Developing

Areas Will Be Increased

(FROM OUR OWN CORRESPONDENT)

London, Feb. 17.

Many British officials in the colonies are wondering whether the time has not come to adniit publicly that British rearmament will In- evitably involve some curtailment of colonial development programmes. A correspondent from Kenya urges, in a letter to "The Economist," to avoid serious that "something of the sort is essential if we are difficulties in the colonies.'

..

on the assumption His argument is based that if our limited resources of raw materials and skilled labour are required in Britain to make tanks and guns they obviously cannot be making capital development goods.

"There

arc,

therefore," he The luan was a' success-in writes, "very Bound economic marked contrast to Southern reasons why there must be some Rhodesia's previbus attempt to restrictions in the supply of both raise money in London. On that finance and capital goods to the occasion, 12 months ago, an issue colonies.

of £5,000,000 of 3% per cent colonies

stock flopped so badly that 43 per cent of it was left with the underwriters,

thm that of funds us are

cent stock at 07.

Fate Of Cotton Industry

JAPAN CRISIS

ROYAL INTEROCEAN.

"TRISADANE

SAILINGS.

PRAAT HUENDA" Fell. 27th "VANĪJKUTBZ" Feb,27

Mar. Mar. 2nd

“DOISSEVAIN"

"TJIWANGI"

**TIPANAS” "TARMAN" "TJIONDOK" TSISADANE" "TJILUWADI

"DQISSEVAIN”

PSTRAAT

MAKASSAB" "TJIKAMPER”

"TJIWANGI

Mar. Mar. J11 Mur.

efte

Mar.

Mar. 14th

Mgr. 21st

Star. Ritk Mar. 20th

Apr.

2nd

"VAN HEUTAZ". **JILEWAN"

Apt.

Apr. 16th

"TJINQD48"

"TASMAN” "THWANGT

"BTRAAT

WIL

Apr. 17th

Apr. 23th May 2nd

MAY: th

MAKABRANO “TJPONDAR“

"TJIL.UWAU"

May 1th

May 18th

الهوية

Japan

Japan. Заран

Page

singapore,. Djakarta, Beniarang.

"Hurabila a Macasaar,

Manua

A Hinganora

5. Africa Blugapore, Fenang & Belawan' Dolk DJakarta,

HOUDERNE

i Kurahaja di Macassar. Kingapore, Ataurlilux, B. & 8. Afeles

& 8. Americ

KINKADOEN, Djakarta, Bemarang,

Surabhie & Alpesuar

Manila, Singapore, Mauritius, E. & 4)

Africa &B. America

Janay

jakarta, Tiirebon,

Surabala incassar

Semarang,

stugapore, jakacia, Бетаганс

Hurabaja & Macassar

Mingabere, Penang di Belawan Dėli

Djakarta, SAMAYANE,

Blogapore,

• Murphāla di Macasiar

11jakarta,

Tilrchon,

Sarabia. Macaksar

Semarang.

Ainsapore, Perang & Belawan Doll'

Jakarta, rabia & incassar

Semasak,

Manila, Singapore, Mauritius, E. & 1.

Atries: & "B. America

Du rijakaria, *T]treben. Semarang.

Sitabala & Maranier Ялтарого,

Jakarta. Semarang. ubala Masasıar ;

From

ARRIVALS

"STHAAT SOENDA" Peb. 24th

Feb. 27

"VAN HEUTSZ" "THWANGI"

Feb. 24th

"TJELUWAI"

"STRAAT

MAT. 13th

Mar.

2nd

MAKASSAR"

5. America, S. Africa, Singapore

Surabala & Mulia

Penang, „Delawan Deli & Singapore Mucanar, "Surgbala, Semarang.

Dakaria & Singanore

Atacamar,

B

Surabais, Hemarang,

Iljakarta #Singapore

Armeṛičn, E. 9. Africa, Mauritius, Singapore Manila,

General Agents,

HOLLAND EAST ASIA LINE

BAILINGS TO EUROPE

"DDOGKENK"

"AAGTEKERK"

Tokyo, Feb. 17. Japan's cotton industry, which has recovered its pre- *ARENDBREAK" war status of the world's "KIELDRECHT" Inrgest shipper of cotton "ovuISEL fahrics, is now faced with a near panic because of sur- plus stocks and slumping "ARENDSKERK" prices.

"Yet we are still encouraging colonial peoples and private en- full to think that a

An idea of the extent of the development programme can be maintained, and colonial recent fall in git-edged prices development

outrunning baste can, he gained by comparing the requirements such as transport, terms of the Southern Rhodesian laan with those of the last power and water supplies."

Thu correspondent rightly colonial issue, in September last points out that the difficulty of year.

Nigeria then successfully raising the necessary france by

less offered £6,800,000, of 3% per The Japanese Govern-public loan dotations is ment is expected to request, serious problem translating such through the British diplo available or could be raised into matic mission in Tokyo, the capital gonds,

In Anglo- few weeks ago most people

Tokyo Shimbun, the largest ALL passengers baggage must be convening of

agreed with these

evening paper in Japan, report- The London caglial stat to the Hongkong & Kowloon Japanese "adjustment con- would have

ference" which would study views.

resed ins weck that the Govern- to be in no tponsive to the rute of interest ment held Whart Co.'s Godown at No, 2 GATE,

up last month about measures for reciifying de. market seemed

state to accommodate even than many people thought. CANTON ROAD ENTRANCE BY

faults in the Anglo-Japanese smalt colonial loan, and even if

1,000 export contracts of cotton When the terms are right fabrics and would reject at NOON———FRIDAY, the 22nd--payments Agreement sign it had, there appeared to be little money for colonial developmenttrast 500 of them--because-of

of chanco

spending February, 1952,

low prices booked. substantial amount of money In Britain on development equip- ment

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

11.00 a.m.

ed last year,

The conference

Since

עננם

MONEY AVAILABLE The importanes of the Southern Rhodesien success, however, Res in the fact that it has proved that investors are more

is still available,

The Government will shortly urge collon

reduco milis to operations, Kyodo News Agency reported today.

Japan shipped Inst year 1,085,000,000 yards of cotton cloth-the highest in the world.

July

SAILINGS FROM EUROPE

"KIELDRECHT" “AAGTEKERE” "OVERIZBEL "HOOGKERK"

er best customer was Indo- nesia which bought 250,000,000 yards, followed by Pakistan.

The Indonesian Irade has been practically at standstill Hince de- the

year-end after

Lier Japan clined to

Frunds accept have priority In view of Sterling for settlement ol the

"Commonwealth

Finance Indonesia's over-purchase which Ministers insistence that the exceeded $30,000,000 last year.

Sterling Areaxce

Government The strength of the

Japanese lics, in the undeveloped natural

yesterday announced resources of member countries, i frade policy with Brlish-Com- the claims of colonies needing

will nations that monwealth Inans to fict comparatively small

shipments for the finance

uncompleted develop- Sterling Area ineluding Pakis

ACTION REQUIRED considered.

Many borrowers are known t would study

be awaiting their turn to enter the London market, and the Japan's excessive holding of Sterling, which now tolals some

then, however, there queue Is expected to start 85,000,000, far in excess of the have been two developments moving, now that Southern agreed limit of £70,000,000.

one on a high policy level, the Rhodesin has set the pace and other in the gill-edged market established new and apparently Although the Government which, though by no means satisfactory interest rate. polley of rectifying these exces

conclusive, offer

tha hope

It will be difficult to decide as colonin! development Will take place on SATURDAY thesive Sterling holdings was,

which of these borrowers should Dro 23rd February between 9,30 a.m. and requested by the Ministry of grammes will

able to International Trade and Indus ahead-in some cases, perhaps, try, to stimulate imports. on the even more quickly than was one hand and curtail experts on the other as it would re-visualised in the original plans. duce the overall volume of Transactions--by fancial mea- by the advocated sures us

this policy the Finance Ministry, did not seem to have worked Ministry has finally agreed with the Finance Ministry which wants the curtalling of exports the Sterling Area through

WILL NOT SUFFER The first was the decision of Commcuwealth Finance

to set up a working Ministers

out to expectation and the Trade party to examine the opportuniment projects will be favourably tun. Talks

U.S.-Indonesian Tin Price Are Interrupted

Washington, Feb. 17. Negotiations between the United States and Indonesia on a long-term tin contract have been in recess.

The talk took a temporary break last Tues. day when the Indonesian delegation cabled its home Government for instructions.

Informed affeints here raid; and other such staples, om- the delay perhaps might be duc cials here inak this ns. an In- 10 debate in Indonesia over I dication the Indonesians may acceptance of U.S. military and want to negotiate a companion *conomic nid under Mutual agreement on these commodities Security Agency (MSA) terms. to parallet, In a way the metals

Foreign Minister Secbardjo arrangement. has announced his readiness to and the US. resign if the Indonesian Cabinet

feels be erred in accepting MSA

orgistance.

Meanwhile,

between Britain

Meanwhile, there were signs that developments may be forth- coming early this week on the Reconstruction possibility of resuming negotia-

(RFC)tions with Bolivian producera

Associated Press.

financial measures.

This decision was disclosed when the Finance Minister, M. Hayato ikada, announced a new from foreign policy effective Feb. 18 this year with regard to the Sterling Aren following an emergency meeting of Cabinet Ministers yesterday.

THREE MONTJIS

The measures as outlined by the Finance Minister are: (1) The Bank of Japan will streng- then its efforts impor

friencing.

and.

35

of

(2) The present system unlimited acceptance of Sterling notes will be rectified. In case the of

setilamint, standard acceptance of Sterling notes will

ties for an early increase in the of member productive power countries and the possibilitles of technical resources with enter natching available financial and prises most likely to achieve that purpose,

At about the same time the British Government announced that steel supplies would be allocated in such discourage the production goods for domestic consumption in order to leave larger supplies free for defence pruduction and for the

manufacture of capital for export. goods

While rearmament and the need to balance our overseas payments

n way as to ol

Mar

Th

Apr.

7th

May

7th

June FA

7th

Salta Rotterdam

Arrives Hongkong

Balled Jan. ixt

Mar.

MAC.

th

Apr.

10th

Apr

5th

play 101

Alay

2nd

Juna

7th

May

2814

July

4th

MAERSK LINE

· FAST-FORTNIGHTLY SERVICE TO:, *****

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA VE SAN FRANCISCO, LUS ANGELES AND PANAMA,

NEXT SAILINGS

Mar, 2 Mar.

16

Apr.

2

In Port

Feb. 29

Mar. 15

ARRIVALS FROM U.S.A.

1 new

M.S.

"HULDA MAERSK”

M.S.

"TREIN MAERSK”

M.S.

"PETER MAERSK”

M.S.

"TREIN MAERSK"

M.S.

"PETER MAERSK”

M.S.

"NICOLINE MAERSK"

AGENTS:

Ол

In this respect a new colonial loan is expected to be announced Kyodo suld 10 major Japanese Uganda and Tan-cation spinning companies now ganyika are both near the head head 400,000,000 yards of cotton this week.

of the list and one of them is clah and 100,000 bales of cotton expected to seck u loan on the yarns on their inventory. same terms as those offered by their books stond 36 billion yen Southern Rhodesia.

(US$100 million) overdue ac counts which wholesalers and

havo tailed to exporters

pay them.

HONGKONG

SHARE MARKET

in

For Freight and Further Particulars please apply to:-

JEBSEN & CO.

Pedder-Building.

Tel: Nos. 360G6-9.

NOTICE TO CONSIGNEES NOTICE TO CONSIGNÉES

(AMENDED)

MAERSK LINE

m/" "TBEIN MARUSK ' Inving arrived from New York and Port of call. Consignees of Cargo are hereby notified that their kazdi

These cotton, pills had to pay bills for Imported raw cottons. and kept more than six million splodics busy, turning out 177,- 000 bales of cotton, yarp January, Kyodo sald,

Inernational Trade and In- sources were dustry Ministry quoted by Kyodo ne saying the cotton industry would be docm- is done jed unless

something (From Our Correspondents soon. They tentatively suggested art being landed and placed at their

10 the reduction of operations Business done on the Stock $5,500,000 spindles, crcugh for

was durning morning Exchange

out 150,000 bales of valued at $901,000. Noon prizes yarn

month, -- Associated and the morning's quotations Press. SHARES DUYERS SELLERS Bales BANKS

and Bank INSURANCES

Canton Union

HK Fire

this

must for some time to facilitate take precedence over all "cise, n supplementary meature, will there is no intention of allowing also lend

exchange colontul development plans to foreign

suffer, ex to Importers through the

the contrary, long-term On change

interest banks. The

for economic stability for the Sterling rates will be four per cent

Area necessitates an even greater importers.

effort in this direction.

Some colonies, it is true, might And that certain of their plana will have to be curtailed in the Interest of a wider

and more of Com- balanced programme be limited to a period of three monwealth development but the months prior to the shipment of total flow of financial and technl- goods, and the effective periods cal resources to the developing for lottars of credit will also be areas should be increased rather SHIPPING Jimited to

months after than slowed down. three their opening. In ease at non- standard settlements, permits

N. Pl. What 7.18 7.30 will be granted following cose

Dock... 18.30 18.03 In formulating this policy the

14% Provident by case" study,

Finance Ministers said that for

S'hat Dook.. Wheelock some time to come the Common-

(45 BCD, A 44. Government The

LAND, ETC. Rome, Feb. 17,

Sterling Area wealth would not be able to

HK Hatel regarding the A six-man team of United

its own growing needs foundry exper's will trade are, intended to stimulate meet

by accommodating entirely from its own resources, the most imperts undertake

developing countricu them the same financial benefit complete survey ever made of loans, while restricting imports and the as Britain

by shortening the time of ex- would therefore have to rely in receiveti from the Italy's, steel and Iron Industry

varying degrees on investment. US. In the metals deal,

with The

from outside the Sterling Are object of early port contracis.--France-Presse. doubling output.

But that is not Bay that the oulflow of capital from this country will cease or even slow

Finance Corporation officials said the atmosphere su rounding the talks Is very friendly and that the agency is rendy to continue negotiations whenever it is possible for the Indonesian delegation to do so.

first The Indonesian group put in a demand for a price of $1.302 based on: a unique cal- culation of

of the recent exchange arrangement between the U.S. and Britain on tin and steel,

Informed

thu Eources, said

U.S. Taking

Indonesians asked the RFC for States

A Hand

a contract price that would give | shortly

NEED FOR STAPLES. Four of the experts have, al- Thie Indonesiana took the roady arrived in Italy and the agreed price of $1.18 a pound remaining two arc expected for Malayan tim. Then through shortly.

charts "and, tab

tables they cal-

They will study the whole

culated the amount of money production process in the coun-

the British saved by being able

...

ry's 12 major sundries and

to buy 1,000,000 tons of steel |ļu a kargo number of the remain- from ine U. S. Instead. of ing 840 smaller plants.

*』

from Europe. American steel to boost production, at present Their first objective will be. cheaper than European steel.

The Indonesions then trans-estimated to be only 80 per cent of Italy's capacity. They will late, this saving in terms of a tin price that would give them then seek, possibilities of ax- the same financial benefit and tending this capacity. calculated that the price should be $1.303.

mensures

Giant Tanker Launched

RIODEBIAN EXAMPLE

down. Any help that we might from outside the Sterling receive Area-and that means the United |States-must await some sign from within the Commonwealth Yokohama, Feb. 17. 24,000-ton tanker-the that we are willing and able to help

ourselves. largest ship of its kind ever built in Japan was launched had this important consideration The British Trossfry obviously. today by a Yokohama shipyard.

in mind when

It gave approval Tho

of the Lo she ter 870-foot-long ship

· terms

Fecent "Euclia" was built by East Southern Rhodoston lagn. This

Heavy The experts comprise the first Japan

Industries, loan

gilt-edged market establishing Industrial study team of this formerly, Mitsubishi Heavy In-history

A four

Tho

nature sent to Italy by the duties for San Nicolas and a half per cent interest rate. negotiating United States

the under group took this under study and | Marshall Plan.—Reuter,

Steamship Company of Panama. The issue of £7,500,000 of: 41% Its fittings expected to be

be per cont stock, redeemable 1077- are Jaler, counter-proposed negotiat-

at a prica of 99 per ceaterwa completed

by April The huge tanker)

aker will call the dearest form of this type of les borrowing for 20 years, when the without refuelling,

Several other tankers of Ujo Loan to a $35 per cent laste

*

Ame Ad

ing a contract on the basis of

$1.10 referred, the

The

Now York, Feb. 17."!

The New York: Cotton Ex- at 14 knots for 20,000 miles conversion of Evo' per cent ‹War-i

problem ta Plaitaria for further change has voted to -zuspend

Saturday dealing after Batur

instructions, de

The Indonesiens during their day, Feb, 29 The suspension same sizo, are being built jat, labored in what has since bo

naxt Japanese shipyardsAssociated come known as the cheap

money era "LETEL

exposition: mentioned incident». will contintier through ally their pead for rica, "suger AugustomUnited Press.

Press.

Comignees per BARBER-WILHEIMSEN LINE,

114. "TAMEBIS"

isk and Expense into the Hangkang are hereby notified that their cargo. Howtoan Wharf & Godown Count- is being discharged into the long- Rony's godowne at Kewlean. where kong & Kowloon Wharf & Godown delivery may be obtained as soon as Co's gadawn where wil be at consignees risk and zubject to the the goods are landed.

Whart's ferme and condition of merege, and where delivery may be obtained.

Exchange Rates the anal part of calf to which the

2603

30 1805

4

|245

700

143

Business was done in the local-

official. exchange market morning, at the following ratest- U.S. dollar (per $1)

this

Biering note (per £11 1

6.75 15.60

Asla Nav....

$4000 194 Siam uicais (per 100)

1152170 Indonesia guilders (per 100)

2.03

jos Bingapore (Stralis)

27.30 1.74

is FIC plastres (per 100)

12.50

1815

14.00

DOCKS, ETC.

K. Wharf

216

1.40 8.80 553 8.30

1033

1.00

Air Line's Plans

Takyo, Feb. 17,

500 6 0,40 The Japan Airways Company 400 announced yesterday that it

Government per 500 0.75 was zecking

5.ca mission to expand its routes. 31460 The company recently increased 100000.00 its feet from three to six, all the Northwest 400 61. chartered, fram

3000 in 30

1000

'In Land

S'hal Land Humphreya Really UTILITIE Trom

Star FerrY

700 11 Airlines-Reuter.

300 61

1500 @ 14.10

3730

18;

8.03

149 D.DO

207

2000

183 13

$ 0.15 1000

C. Light (0) Bas 8.35 BEGO

Optional cargo will not be landed here, unios dolice has been given 3 hours prior to vtatel's' mirival. but carried on from part to port to

Damaged packages are to be left In the godowns for examination by oplan

Consignees and the Company's sure No claims will be admitted after | veyors, Mesure. Goddard & Douging at the Goods have left the Godowes. 16 A.M. on the 23rd, February, 1952. ard uil goods remaining undelivered

after the 24th February, tu33,, will be To comply with the General Stonife

subject to real.

Ait broken, chuted, and damaged goods are to be left la the Gadows. where Dhey will be exz minid on 28th February, 1953, at 19 m. by cur

Mesir.

Goddard Surveyors Doug149.

&

To comply with the Gentral Bond- ed Warshaine Regulations consignaça must have a Revenue Oficer in at tendance when damaged duilable

toads are examined All d'aline must

Officer in

ed Warehouse Regulations, consignea must have levenue Attendence when damaged dutiable. goods are examined.

No claims will be admitted after the goods have let the steamer'

remaining down, and all, woods. Undeliveract after the 24th February. 1952, will be subject; la rent.

All caldy against the steamer must be presented to the Undersigned Galore the 2nd March, 1951, ur not beinired.

or they will they will not be recognised. the 10th March. (Ds us before

No Fua Intance will be affected. No inaurance will be eftected.

DODWELL & CO., LTD. JEUBEN & CO....

Agenis Agents.

Hongkong. 18th February, 1933.

Hongkong. 17th February, 1953.

Pacific Far East Line, Juc.

DIRECT

C. Light (N)

24 14:40 1600 24.35 | SAN FRANCISCO, LOS ANGELES. Elea (Bonus) 22.40 23 232.

OVERLAND

CITIES

Fast Regular Trans-Pacific Servica

OPENG NEW YORK DHICAGO-DETROIT-TÓHONTOİ JES, MONTREAL AND ALL AMERICAN, ≈ CANADIAN

Regular Servios direct or with transhipment.

Arstyes

200 Guiún, Márious Jalanda, Mléronesian Kalands

KC (Vróm

Salls

For:

,་,!,

Telephon INDUSTRIA Cement

STORES, ETC.

1780244

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For full partgulars (call) United Blaten - Liries Ca. Onneral Agents) Quien's Huliding, Tel: ERIDE,