1952-02-20 — Page 9

THE CHINA MAIL, WEDNESDAY, FEBRUARY 20, 1952.

ROYAL INTEROCKAN LINIS ANGLO-JAPANESE TRADE MESSAGERIES

Royal

"ETIAAT NOENDA" Feb. 2009

TJIPANAB"

"KABBANA

sthrappre,.

njakarta, Semarang. Burakkia di Macassar Stanila, ingapore

H. Africa Almgapore, Penang. Belawan Dett

Tjirebon, Semarang, Surabata & Macassar

Bingapore, Mauritius, K. & §. Afejen

5. America

Hingapore. Djakarta,

Surabala "Zincantar

Зеатарс

Stanila, Bugapore, Mauritius, 2. 3.

Africa, America

Tiirebon,

DJakarta,

Surabala a Macassar

Semarang,

Semarang.

RAILINGS

1 TO

"VAN HEUTI2

Feb. 21011

Japan

Заран

"DDIBSKVAIN"

Mat, int

Japan

STJIWANOP'

Mar;

2nd

"TAIPONIOK"

**THSADANE"

Mar.

7th MRT. 7th

Mar. net

-- Djakarin,

"TJILUWAR" -

"BOISSEVAJN"

Mar. ch

Mar. 21

"STRAAT

МАКЛЯНАR" TUKAMPEK",

star. 24.

Зарап

Mar. 22)

jakarla,

Apr.

"VAN DEUTS7?"

Apr.

2nd

7th

Singapore,

"STRAAT SOENDA" Apr. 14th

*TJILUWAH"

Apr. 30th

Jakarta, Bemarang,

"TJIBONAS"

Apr. 174

jakarta,

T}irebon, Semarang,

"TABMAN"

*THWANGI"

Apr. 23th May 2nd

"STRAAT

MAKASSAR" "TAIPONDAK"

«TAHLUWAR*

"TRGELBERG“

May 2nd

MAN

76

May 18th

Alay 20th

"VAS HEUTSK"

May 25th

*THIWANGI"

Junc And

ARRIVALS

"STRAAT SOENDA" Feb. 22th

*VAN UEUT:2",

Erk.

2771

"TJWANGP"

leb. 28th

"THLUWAH"

Mar. 13

"STRAAT

Mar 22nd

MAKASSAR"

#

Horabila & Macaziaz Kingapore, Penang & Belawan Deli Mana, Singapore, & 8. Atries

Singapore,

"Murabala & Mocasine

Читабая Маслокат

Singapore. Penang & Belawan Dall

Ringapore,

Djakarta, SOMATADE,

Burabila & Macassar

Mania, Singapore. Mauritius, E. &.

Africa & 9. America

Jakarta, Heebon.

Acabala & Marassa e Staxaporr

Semarang,

Jakarta, SE:BRIANE, Surabala ANASAY

Mauritus, Shigapore,

Manila,

3. Africa & 8. America Singapore, Penang & Delawan Deli Singapore.. Mintok, Djakarta. semarang. Surabala & diacassar

From

America, S. Africa, Bingapore buyabala & Manila

pang. Belawan Bali, & Singapore

Macassar. Surabala

jakarta & Singapore

Semarang,

Macasar, Surabala, Semarang,

ל

Jakarta & Hingapore America, E. H

Africa. Mauritius, Singapore & Munila

Ceneral Agents,

HOLLAND EAST ASIA LINE

SAILINGS TO EUROPE

*HOOGKERK”

Mar.

71/

ARENDSKERK"

Apr.

7425

"KIELDRECHT

May

ร

AAGTEKEUK"

Ju

71h

"OVERIJSEL"

·auty

71

SAILINGS FROM EUROPE

Halle Stotterdam

Arrives Hongkong

"ARENDBKERK”

Salled Jan. Ilst

Mar,

Gek

"KIELDRECHT"

Mar

th

Apr.

10th

"AAGTEKERK”

pr.

50%

May

10th

May

Und

Jund

7th

Stay

28th

July

4135

15 TO, 2801Z-

1

"OVERIJSEL"

"BOOCKERK"

Egyptian

FOREIGN

Government EXCHANGES

Speeds Up

Canada

IN NY

. New York, Feb. 19.

US$1.00

Trade Talks England-tilelal

The

Cairo, Feb. 19.

Ministry Egyption.

H

unofficial

30-day futures

2.78-3/18

2.30 btu/

213 asked

2.74%%% so-day Kutures

of

Australia New Zealand

Belghin Demark

Supply has supped up talks for South Africa 1rade on # urge-scale with Ilie, Italy, the United States, Argentina and Cuba.

West Germany Holland initiated by italy the previous (Wardist) Govern Norway

Portugal

The talks were

ment to make up for supplies Spuin lost owing to the Anglo-Egypt | Sweden Jan crisis and the virtual Switzerland paralysis of the Suez Canal MIDDLE EAST ports.

וופין?

2.77-13-10

2.2012

2,581

DIDUN

1435

4.20

1405

0215

.0335

0028-0, 16

Екур

2.3812

04120

Iraq

2,41

Russia has pressed for a regular commercini pact iculate Soviet-Egyptian trade, hitherto conducted on a barler basis.

to

Turkey LATIN AMERICA

.5373

Argentina

0120

Brazil Bolivia Chile Columbia Cuba

0500

.0115

1025

1.00

.0500 4100 2005

2023

*2030

.175U

Venezuela

Russia has offered Egypt 200,- Mexico C00 tons of wheat against 500,- Peru

O kantars of Egyptian short-rapuny uple cotton.

FAR EAST She has also offered to supply India crude oil, paraffin, coal, timber, Pakistan and Lexiles against Egyptian Hongkung con or Sterling of which Singapore Egypt has big holdings.

M. Victor Alexenko,. Com- Intercial Counsellor of the Soviet

called Legation in Cairo,

on

Indonesia

Japan

Hussein El Chamragy Rey, Grain

Under-Secretary of State 1er Supply, to resume the discussion

of tide exchange between the

two countries.

de weg informed that Egypt

new needs only wheat

from

.3040

23970

360 yen to US$I -United Press.

Candid London Comment On

Formosa Trade

With Malaya

1

Kuala Lumpur, Feb. 19.

Singapore Government afficials and Chinese busi- nessmen welcom o Formosa covernment deci slot to open irade links with Malays,

*

Officials said that Malaya, with an abundance of tin, rubber, olls, and spices for 'export, kad nothing to lose and more

to gala.

A leading impotier be- floved Formosan exports of food and other essentials would bring down the high cost of living here.-A £850- ciated Presa.

Control

Steel

Deal

"Clear Warning

Warning Ought To

Be Given To Tokyo"

(FROM OUR OWN CORRESPONDENTI

London, Feb. 19.

If the Japanese Government decides that it is wise to take advan- tage of Britain's present embarrassment by demanding payment in dollars for certain selected deliverles it ought to be given a clear warning of the long-term "consequences, says the "Financial Times" this morning. There can be no justification for placing the contract recently con- cluded for 100,000 tons of steel outside the existing payments agreement on the ground that steel is a dollar material any more than the Sterling Area would be justified in demanding dollars from Japan for Malayan rubber, it adds.

The large Sterling balances built up by Japan ( stem from a variety of causes: Japanese traders have delayed purchases from the Sterling Area partly for ordinary speculative motives based on the expectation of further falls in commodity

Measures prices, partly because the domestic deflationary

In Japun

Tokyo, Feb. 19.

con-

HONGKONG

SHARE MARKET

(From Our Correspondent)

Business' done on the Stock Exchange this morning amount-

and China Lights (Old) were most in demand. Noon quotas : tions and the morning's trans- actions:-

policy has made it difficult to finance imports.

Japan has also benefited | There was no official comment from the sharp increase in on measures being taken by the Japanese Ministry of Finance to dollar carnings for supply-check any further expansion of The International Trade ing military equipment and the Japenese Sterling balances,

supplies for the war in reported now to be around £90,-ed to $805,535.40, Hotels, Lands and Industry Ministry yes Korea and this has stimu-000.000.

The main issue now, omejuls terday decided to limit the lated imports from theld, was the recently concluded tighter consumption

{ dollar area.

contract for the delivery af 109, trol on scarce materials pro-

008 tons of Japanese stee! to posed by a recent GHQ The Japanese Governmen's Britain. memorandum

attitude also appears to have

concluded BANKS contract was beea conditioned by the sud-on the basis of the existing pay. items.

den Increased strength of its ments agreement foreign exchange reserve.

eluminated all payments in doi-INSURANCES tars or gold. Shipping arrange- ments have been largely com-

the contract plcted, and made on a Sterling basis, the officials said.

seven

The list of items, agreed on Stabilisation by the Economic Board, shortly will be sent to GHQ for approval.

To be controlled are cobalt, nickel, kid ekin, elf, skin, molybdenum, copper, aynthetle rabber and cattle hides, while "Crude copper plate, pulp and sume other items are exempted. for. Meanwhile, a Japanese

mula for controlling scarce commodities, submitted to GHQ or. Feb. 2, hus been re-examined by the Government since GHQ dissatisfaction over expressed the Japanese formula in a nemorantium addressed to the thief of the Economie Stabilisa- tion Board, Hideo Sudo, on Feb:

Japan

un-

In the memorandum was given a warning that less the Japanese Government takey further strong measures, the export quota to Japan Internationally short materials will inevitably be affected,

France-Presse.

of

This

noises"

has given rise to the "growing volume of slightly menneing

that have been heard in the past few weeks about future Japanese relations with the Sterling Area,

The

Pie

which

Wi

The existing payments agrees ment allows for "special con "Some of these noises," says gultations" if at any time Japau the Financial Times," "may be feels #t hos. acetrulated discounted as merely prelimin-excessive Sterling heldings, bu ary stage effects in preparation no request for consultation has for the trade and financial talks heen received from Japan that are due to take place with United Press. Britain in March,

"But it would be foolish to

ignore the fact that they might also in

ceriain circumstances

in a new and serious sult threat which would embarrass the Sterling Area in its present weakened position."

TEMPORARY FACTORS

MINISTRY DECISION

SHARES BUYERS SELLERS SALES

1380 30 1375

HK HANK

-

Canton

Union M Underwriters

HK The..

SHIPPING

Asia Nov

DOCKS. ETC.

K Whart... Duck

Provident

250

ワグ

4.80

150

100

124 1.85

108 107 100,.47, 107

18.35 (2006 18.35

M

"ZELIDJA"

MARITIMES M

Arriving Leaving

feb. * "THROGENITOR"...Ar 1 Apr.

**FELIX ROUSSEL"

"MORTAIN"

*"ZELIDJA“

rob,

Mar: ...Mar., @ ....... MT. 17 Mar, in

7

Apr., d

passengers & freight.

Outward Fas

Kobe, Yokohania

. Hicphong

Homeward for

Alarseilles via Manlia N. Africa Furope

Apr. * N. Mat á PATU

freight for, Saigon, Port Said, Tunis, Marseilles Algiers, Oran, Tangler, 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 (8 lines).

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

M.S. "HULDA MAERSK"

M.S. TREIN MAERSK"

M.S.

"PETER MAERSK”

M.S.

"PETER MAERSK"

M.S.

"NICOLINE MAERSK"

M.S.

"SALLY MAERSK"

Mac..

Mar. 16 Apr.

Feb. 29

Mar.

18

Mar, 24

ARRIVALS FROM U.S.A.

AGENTS;

For Freight and Further Particulars please, apply to:-

JEBSEN

CO.

Tel: Nos, 36086-9.

14% 1455 543 14.20 590 14.49

Wherlock ... 43?? LAND, ETC.

HK Hotel ..

1000 |

Pedder Building.

# 8.00 D500 A

2000 3800 40 0.50

2 D

1000 f

874

1000 V 380

1500

0.70

1000

80

200

6.60

را

HK LIBU

Tokyo, Feb, 19. The Ministry of International Trade and Industry will saviet cotton splacars to cu, produc- ion spontaneously, to adjust exports to the Sterling Bloc and to stabilise textile prices. The decision was faken yesterday at It ought to be recognised, the the Ministry and will soon be paper goes on, that the present forwarded to cotton yarn pro- Humplireya disequilibrium Is due in the Lucers.

Cotton spinners in the coun- | UTILITIES Janin

purely temporary

who, had 6,480,000 spindles try, factors.

After, an increase of no less at the end of December, wil be told to peg their output to In Japanese

about 69 per cent and so lo Industrial output in the course

the raw of one year which happened report monthly also to be the period when Bri- material situation and the cut- from March to May this put tish exports of manufactured ver goods were limited for a variety The Ministry is reported to be

reasons there is nothing

to

Cotton Prices than 50 per cent

End Day

of

en

With Gains

Gains surprising in the emergence of considering similar advice to the

new

the heavily Increased demand entire textile industry and is for Japanese products, particu-studying larly frem Asian members of acquire more the, Sterling Area.

Really

Train

Stor Ferry

C. Light (0)

C. Light {N}

to measures

Electric dollars through

Electric Telephone International Trade and INDUSTRIALS Minister, Ryutaro Cement

said that If the cut by production

3

New York, Feb. 10, Collon prices finished with

The whole hasls of the present sinalt net fains after swaying

agreement is Industry back and forth over a range of Anglo-Japanese

voluntary $1.30 a bale. Traders were ap- that trade in Sterling should be Takahashi, parently unable to make up allowed to

to expand without the

spinners their minds which way to turn inhibitions Induced pending the Korean develop- ments: The weakness in the sock market, plus the erratic action of other commodities and the discouraging aspect of the world- wide textile situation, also in- jected a pole of caution all Sterling SOUTCOS many of the duction cut should be about 201

Rope

500 8.70 PENINSULAR

000048,60

1000 814

500 Gr

200

300 63%

300 g 04

530 a 64

100 6 8414

14.13 145 ZODO Q 1414

2.00 2000

112 116

2.00

18.10 500 17.00 1000 4 15 1000417.00

18 300

5000 or 8.30 ! 50X31.03 200 or 0.05 1500-800 200) 0.015 2000 & BLO 1633

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CHUSAN'

SAILS:

1000

200 47

0 U

1000

23

100 @ 231

17

NOTICE TO PASSENGERS

175 10.10 200 17.79 BAGGAGE:

under pre-out, the cessfully carried STORES, ET 245

control en (to switch Over the vious arrangements when beyond exports a certain point the deficit had to majority of exports from the in gold or dollars, Sterling Area to the Dollar Bloc, be cov

covered

decided by the Cabinet recently) will be abolished.

the paper saya.

The Japanese, moreover, can without great effort buy from

Spinning circles told the pro

· 000 172,

200 17.73

700 2 26

Dalry

20 2015 1000 - 2014 Walion I. Crawford 3315 COTTONS

Ewo

........ 3.20 3.30 3000 g 3.20 MISCELLANEOUS

.... 5.10 3 Manglaze

goods at present bought Troni per cent, considering the effects New York Sugar

Pricesington trade reports that doliar sources.

In

Chicago

Chiengo, Feb, 19. Fussia.

Grains pushed ahead near the Egypt and Czechoslovakia to close of today's Board of Trade night signed a trade agreement | session. Local dealers were

of such a cut on the industry. the Mutual Security Agency has

"Certainly the alternative of The normal monthly output of issued a cotton purchase credit trying to obtain marginal cotton yarn with the present of $2,000,000 to Austria attracted attention. However, its chest was amount of convertible Sterling spindlage is some 180,000 balts,

for steel and other This should be held down in return offset by the news of steps taken

items that happen to be t-rgently about 155,000 bales, they said.— by Egypt to speed raw cotton needed at the moment will result France-Presse.

enforced contraction exports, which would mean more only in an

competition for American growths in the volume of Japanese trade," by which Czechoslovakia will fairly heavy buyers of wheat, In the foreign market.

the paper concludes.

supply 20,000 tons of sugar to a especially in the March contract Evening-up in March delivery total value of E£1,280,000-(which was up more than a cent continues. Open contracts in the price of £64 a ton.

at times.

spot manth at the start of Feed grains followed the lead trading totalled 398,400 bales.

The sugar will be in exchange

\, cotton.-Router.

Siemens Plant

For Karachi

to

MUST REALISE

Payments

the

The Rubber

Markets

London, Feb. 19. Prices of rubber futures closed today as follows:-. Number 1 rubber, in centa.

Itor 1.

Reuter quotes the "Financial for an equal value-of Egyptian of wheat in a modest manner, The first nolice day has been Times" as saying that the prin payments agree- but soybeans were inclined to moved up one day to Monday, ciple of the lag a little.

Feb, 25. Certificated stock avail- ment with Japan is different The late rally gave the mar-able for contract delivery totalled foem that accepted in,

Union, 34,751 bales. The market opened European ket the best tone of the day,

up 10 points where gold points are an essen- At the finish wheat was to unchanged

"The Japanese must realise ay 2% higher, com to higher, Responding to small orders either tal part of tholetructure. oats 14 to 4 higher, rye to way, prices backed and filled one cent higher, soybeans to

over a range of 25 points, steady- that a big expansion of trade June

with the Sterling Area, which July/June

July/September ing at the close on covering by they themselves regard as lang. October/December 14 higher. Wheat

The Anal day tradera.

Prices

torm, cannot be achieved on the March

ruled one to six points higher.

Enlon European Payments May

Prices closed as follows

principle. The risks would be far too great.

"Tortunately, the problem of Japan's unusually large Sterling accumulation is also mote tractable.

Sterling than the nominalThe Japanese

Area's EP.U. deficit. great efforis buy from Sterling sources many of the goods that they at present purchase for dallars".

the..

Financial Times” 20.34-33.25intained,

July Karachi, Feb. 19, : Pakistan yesterday signed an agreement with a West Griman .frm to talablish a factory do make telephone equipment in *Pakistan,

The firm Slemeng and Halske, of Munich will make

..

systems.

instruments and associated equipment.

Pakistan's will be trained in Germany so that the factory can the manned throughout by Pakis tanis at the end of four years. The factory should produce the whole of Pakistan's telephone requirements, it is believed here.

Of the total shines copulat Lidha rupesa (0,000,000 ruptes),.75 per cent will be taken by the Pakistan. Govern- ment and tha eest by Siemens and Halske through their look agouts--Xcuter.

September December

Hoybeans March May July September November

Corn March

$2.5574 $1.534-1 $2.404-47 $2.49 $2.5116

82.0034-14 32010-01 $2.0032 2.7015 83.7314

$1.0233-35

Spot

Barch

May July

39.30 -30.35 79.76

October

20,50

December

March (1053) May

July

· "Qate ·

.Marut.. Ryo May

2334-4%

81.9733-16

-Associated Press,

JAPANESE BONDS

Japanese bonds,

Feb. 10.

*"A" (42. of 1805)

"B" (49, bY '3910))", "C# (82, 01, 1907)

- !D'! (58. of 1934);

E

3:70

United. Prom NEW ORLEANS MARKET

Бров

March

Futures

New York, Feb, 10. World sugar futures closed za- day unchanged to 3 points lower with sales totalling 184 com tracts.

un-

Cont:ao: No. 6 clared changed to 2 lower with sales totalling 100 contracts.

Contract No. 4 (World)

4.37 nominal

4.31 bla

May

March

July September November Spot

Morel May

322-33% July 33-

September 33-334 November

Spot

3125-M 301-31 United Press. SINGAPORE MARKET Babe Bingapore, Feb. 18. Prices of rubber futures closed today as follows Number 1 rubber, per.ip.

March April May P|Number 2 rubber. March eta without Number 3

March

THE MAIN ISQUENTA

March

rubber,

11116-112 1109-1111

103 190

100-237-

Contract No,

443 bid

4.5

4.43 nominal +30

5.17 nominal 4.20 bld

309

5.59 bid

07

8.20

United Press.

SPECIAL NOTE:

EMBARKATION:

SATURDAY the 23rd February.at. 12.00 Noon for the UNITED KING. DOM vin 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 FRIDAY, the 22nd February, 1952,

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.

Will take place on SATURDAY the 23rd February between 9.30 a.m. and 11.00 a.m.

NOTICE TO CONSIGNEES

1.3. "ANTILOCHUB"

Damaged cargo ex. this vessal will ba survayed at Holt's 'Wharf be< tween 10 am, and. Noon, on February 21 and 22, 1953, and 'conpgnées-are requested to have..tuele representa- lives present during the survey:

NUTTERFIELD 4 BWIRE, Agənin

Hongkong. February 19, 1963.

WATER

IS PRECIOUS

USE IT

WISELY

Pacific Far East Line, Jug

DIECT

Fait Regular Trans-Pacific Servico

Number

10231-103 BAN FRANCISCO, LOS ANGELES Spot rubber, unhaled :... 111-113s plack espa

No. 1, pals crepo

Lonkton, Feb. 18. Exchange

Omcial sources said today. nt Japan has "mado no gap-

OVERLAND

NEW YORK CHICAGO-DETROIT TORONTO MONTREAL AND ALL, AMERICAN MCANADIAN »CITIES

Guam, Marinas Islands, Micronesian Xulands -- Regulár Service direct or with transhipment.

Arrives

From

113 -140

-United Preis.

Verse

Rates

"WILLIAM LUCKENBACHP

San Francisco

Mar 107

·Mar. -13

Singapore, Penang & Par

"TRADE WINDW

San Francisco

1.

proach to Britain: for revision noticial

Buscas done in the local.

kiny July:

December Matelt (1955) May

28.16 bid

United Popss.

67

6014

100

118

New York, Feb, Copra was quoted at $143 per ashort ton, ascer

10.

aut

by the Japanese Goverment's enthy grote (DEI) han on payments in Sterling for these guilders (per liburgs"- tionalADHAN 2003 · Japanese steel" exports to Singapore illiratta) tain.

tantron (per 100)

01% -United Froga,

oll. was quoted at 9433 Cents pound,isked, United Press.

exchange market th of the existing payments, agro, morning of the following raten- meld which, would be: aitected' |U.6. dalar (per (11)

Bas Franciaco &. Los Angeles

Forful "partionlare, call United States Linos Co. General Arents, Queen's Maluing, Tel: 28185,