1952-02-22 — Page 9

MESSAGERIES M

"ZELIDJA"

"THEOGENITOR"

THE CHINA MAIL, FRIDAY, FEBRUARY 22,

1952.

MARITIMES DUNDEE JUTE INDUSTRY

Arriving Leaving

Feb. 23 Feb. 24 Apr.

7 Apr.

*FELIX ROUSSEL” ....Mar.

"MORTAIN"

+ZELIDJA"

..Mar. 11 Apr. 6

# passengers & freight.

M

outward Far

Kobe, Yokohama Haiphong

Homeward For

Mar. 17: Alapucllies via Manila Mar. 18 N. Africa Europe

Apr.

N Atrien & Europe 7

freight for Saigon, Port Said,· Tunis, Morselilea. Algiers, Oran, Tangier, 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 (3 lines).

PENINSULAR

AQUIS HOS

EPARABIT

& ORIENTAL

STEAM NAVIGATION COMPÁNY

R.M.S. "CHUSAN"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

SPECIAL NOTE:

EMBARKATION:

SATURDAY the 23rd February at 12.00 Noon for the UNITED KING- DOM 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 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 9.80 n.m. and 11.00 a.m.

Economic Survey

Of Colonies: A New Series

London, Feb. 21.

British Trade With Soviet

London, Feb. 21.

Britain has stashed her exports to the Soviet Union by more than a third as part of, ibla na- tion's policy' of" denying strategic materials to the Reds, the Board of Trade said today. But Britain is buyba

more than ever from the Soviet Union.

Britain's exports to the Soviets, which were worth 1050. in £11,500,000 plummeted to £3,380,000 In 1081Associateď· Press;

BRITISH WORKERS' DEMAND

Subsidy To Meet Jap Competition

(Our Own Correspondent)

London, Feb. 21. Representatives of Bri tain's hosiery workers are to ask the Government to subsidise exports of their product in an effort to over- come increasing Japanese competition.

TO

CONTRIBUTES TO BRITISH ECONOMY

DOUGLAS MALONE

Dundee,

As Clydeside is synonymous with shipbuilding so it is that Dundee is synonymous with jute, but while the average individual knows, some- thing of ship construction little or nothing is known by the general public about the intricacies of jute production.

An explanation is not hard to find! Since the industry first became established in Dundee some 120 years ago an "iron curtain" has sur- rounded the mills, a curtain so effective that, until recently, no one mill owner ever saw the inside of another mill.

But, happily, circumstances have changed, and there is an air of fellowship among the town's jule producers, and the curtain was effectively raised list week when the industry opened its doors to Pressmen from all over Britain.

HONGKONG

SHARE T MARKET

From Our Correspondent)

Business, done on the Stock Exchange Oils morning amounted

«VAN KRUYS: "BOBÁKV

NA "TJIWANGI"

*TJIPANAS" "TASHIAN'

"TJIPONDOK

VÁTHILADANKT

"THLUWAU” “

“BOJSREVAIN" STRAAT

DA MAKARSAR” TIJKAMPEK”, STJIWANGI".

INTEROGE

Mar.

1ch

• MKE+

Mar.

HA

Mingaporən

Mobile, Winganora

A. Africa

singapare, Penang 4 Belawan tizi Dinkesta.

Tjuebon,

Burabaja & Maraisar

star. Ini.. Asingaporej, Mauritus, 1982 SA¢cien

Mar. 18th

Mar. Ulst

Mat.

24th Mar. 27th

Apr. 2nd

"VAN BEUTIZ" PETRAAT SOENDAN

Apr. 7th

Apr. 14th

Apr, 17th

Apr (25th

"TJIBODAS”.

*TÁSNAN

"THWANOF!

"STRAAT

1

May the

May 2nd

MAKASHAR" "TJPONDAK'Y A Štaj

→ MAY 1612

“TİLUWAR"

"TEGELBERO"

MAY 2011

May 25th. Sunei Tud

singapore Diaris,

Homkring

Byrabjla & Macasany

·Stanila, Singapore. Atauriilus, E. & 2,

Atries à 4. America

Jepan

Djakarta,

Semang,

Barabaia Atacassat singapore, Diskarta, 3,BRmarang), Murakala' & 'stacañang 2 Camry singapore, Panang di Baiawan Deli Mantia,, Alagupere, & B, Africa an Singapore, -DJAKARTA, AITA

Aurahala & Macassar } .

Semarang, 'Djakarta, «» «Tfirebon,'.

Sorakula A” Macasker

Bingspore. Penang & Belawan Doll singapore

Djakarta, Pemarang,

"Burukafa 189 (MECARAKE Itaalia, Singapore, nauttilaa, E. & 3.

Africa & S. America

Semarang,

Dista

rebon.

Kurabala & MACHINEY Singapore. DjxArts, SamarADE,

"Burabala & Macassar

Manila, Singapore. Mauricius

1. & N. ATTICA, & Ki America. Kingapore, Pinang & Belawan Dall Wingapore, Minntak. Djakarta.

· Semarang, surabala & MacnaQI

'A'ER'IVALI.

"VAN BRUTAŽ” #RIWANGI".

"ETRAAT SOENDA" Feb, 2146"

ITU

"TJIWANGI"

Feb. 22th

"TJILUWAN"

Mar 13th

*STRAST

Mar. 22nd

MAKASSAR"

VAN Brutaz“

While in the past

Feb the jute They saw everything that there

had to be cut much to cloth has was to be seen and

und sown into the shape of sacks and wonder at.

bags, a new circular loom is im in operation which enn produre the cloth in tubular form.

Strange as it may seem, even some Dundonians associated with the industry-and few of them have not some link with Jute-

know little of the important con- makes to the tribution i country's economy or the uses to which jute can be applied.

he known Firstly, it should that 95 per cent of the U.K.

is centred jute production: Dundee, which is, without doubt, They accept the fact that if the leading centre of production the world. Some ama!) their plan is adopted it would in

revival of involve

pre-war manufacturing is carried out io argue other parts of the world, but dumping practices but

the their contribution is infinitesimal goods or that dumping

is preferable in comparison." world's markets to "dumping workers on, the unemployment queue."

10

Dundee, too, has Arst call on raw material—a supplies of

ין

Woven into shape, the cloth is

fed below the machine in a con- tinuous length which ran then be cut to the desired size.

The top of the sacks and the

are hemmed bottoms

und

used

to $418,487.50.. Noon, quotations and the morning's transactions!- ABABES BUYERS 8ELLER8, KALES GOVT. LOANE

94 10,000 6 0315

302% (1948) DANKS

HK Bank XD East Ania

INSURANCES

Canton Union

1833

5 1823

243 200

7:00 785 Underwritera

8.11 Lik The ... 180 180

theSHIPPING

turn the

stitched by machine-small pram

by wheels being machine operators to sacks during this process.

Even the turning of the sucks is accomplished mechanically. The finished product is placeći over a powerful suction tube which turns it inside but in a flash.

From

1. America, 8. Africe, Singapore

Burabnia & Manila- Penang. Delawan Dell ‘* Singapore Macar 8prabala SIMATEDS.

Djakaria & Singapora MACARRY, Buzabala,

Semraky,

Diskaria & Singapore -

America, E. & B. Africa,

Mauritius, Singapore ♣ Manila.

General Agents,

HOLLAND EAST ASIA LINE

Asia. Nav 1.7715 1.00 12000 @ 1.77! | «KIELDBECAT"

DOCKS, ETC. K. Whärt St. P. Whart Dock

Provident

Shit Duck Wheelock

BAILINGS TO EUROPE

"BOOGKÉKEK" "ARENDERERK" *

MAR.

1th

Apt.

7th

May

7031

"AAGTEKERK" **OVERIJSEL"

June

Té

Joly

Jib

105

72 1000 7.10

142 ̈15 1000 @-1453

SAILING FROM KUROPE

Malla Rotterdam

Mangkong

"ARENDSKERE“

Salled Jan. 3134

43

1300 @ 43

500, 454

"KIELDRECHT"

Mar.

Apr.

3th

HH. TẠI

May

21th

Apr.

Jan 7th: July

Toth

LAND, ETC.

HK Hotel.. 4.45 8.35 2500.@ 815 While there seems no danger

8500 g 8,45 Di raw

.. 83% 65% 400 g 25%%% Jute Land diminishing despite India and S'hat Land

12 Pakistan's own mill development

Humphreys 4.10 14 500 14.30- -the industry is even-how ex-UTILITIES

with alternative Tram perimenting plants...

They reject the idea that they must accept cycles of full fibrous plant grown almost enof the supply and short-time working as the tirely in Pakistan and India, with Paluston by far the largest pro- natural way of the industry.

Their plan, which is being ducer.

nf President laid before the

In its raw state, however, jute the Board of Trude, suggests

worthless, bearing that after the productive is virtually

the industry has some resemblance to the rotting capacity of

wholesalers vegetation one might and by been determined, should be asked how much the banks of a canal.' specifie hey could sell during a

COMPLEX PROCESSES period.

The surplus would then be

Processes for "reining" the bought by the Government and plant are elaborate and complex, sold on the world's markets at prices which would compete and, until recently the methods with similar Japanese products. were as old as the industry itself.

subsidy, it is argued by the Nottingham and District Hosiery Finishers' As socletion, which

Cost of the

•

When it reaches the mill from the Dundee dockside, the jute, power-pressed into bales, is fed drew up the through a machine designed to plan, would be offset by saving break up the strong fibre and on unemployment benefit which make it more pliable. A matur would otherwise have to be paid ing process is also accomplished to those out of work. The

Ine | at this initial stage; oil and water continue Government would also

to receive income tax from the being added to give pliability.

workers instead

After of having to pay relates to the workless.

ANSWER TO JAPAN

The first, of an important new series of economic surveys of British Colonial Territories seinture has been published in London.

A two-day maturing period, the Jute, now "embed" and stretched, is fed through battery of machines which thin

that of until

Star Ferry

17 18.10 1200 17,00

100. 112

C. Light (0) 8% 6.85 325 84

Light (N) Ehietric

Rayon tob, has found its way into the industry, the two.pro- ducts being mixed together for the production of carpets and other materials. •

But Jute, Introduced Into Dundce as early as 1700, will supreme and the always rule Tayside town remain (as a recent STORES, ZTC. Pakistan visitor.put it) "the spiritual home of jute."

IRREGULAR TRADING

INDUSTRIALS

Cement

Rope

Dairy Watson COTTONS

Ewo

340 4 134

2005

2000 8.00

4 0.10 2300 er 6.2% 23.85

174 171⁄2 500 û 17%

24

193 2014 1000 @ 20

20%

MISCELLANZOUS

Yangtsze

320 000 € 3.15

1100 @ 3.30 1500

3.10 5000 € 0.20

Grain Prices

IN COTTON In Chicago

for

December

Corn

... 2.52

2.481

2511

fils plan is an answer to the threat from Japanese competiit out and malce the Abres ever tion. Ninety per cent of the and parallel.

New York, Feb. 21.

Chicago, Feb. 21. hosiery trade in the Midlands,

Cotton futures turned irregu- with is This process,

lar today following 20,000 people,

Prices of grain futures closed eniploying

a atently compro

short time.

Under- "doubling." is continued working

Trade buying and today as follows:- short-covering

Wheat price per bushel accounted Japanese hosiery the jute has the appearance of opening.

some cases coarse wool. It is then ready gains extending to $1.40 a bale porch

2.57 nomina!

2.55 manufacturers

20 per for spinning-a singe which

with prices drifting lower there- May Japanese products are

after. There

2.4036-2,47 cent cheaper than the compar- accomplished by the ald of yet

was a good deal July It deals with the West African territoriese British article is blamed another wonderful mechanical of evening-up in nearby March September

device which handles

some prior to first notice day, next for this situation.

"bobbins" at once and automati- the Gambia, the Gold Coast, Nigeria, Sierre Leone

However logical the plan may

Monday. The Agriculture De-Spot trade association cally feeds empty spools when partment announced that the arch and St. Helena.

scem lo

Ioan rate on the 1952 cotton May answerable to workers who are the others are full. feeling foreign competition for

involves crop will average not less than September The next operation the first time in several years, it the re-winding of the jute-now 30.91 cents a pound for 8th December

Bye Is unlikely to receive more than resembling string-on to "caps" inch middling cotton.

the Board

of These cops to smaller form of The New York Cotton Ex- March

My May sympathy from

Dats the jute fibre in change not only will be closed

all March

8312 Ever since the war Britain spool); contain

the form in which it is used on this Saturday, but also on a firm and against the has taken

looms. Fitted

the Saturdays through August 30, May Into

New York four-per 200 lb. Sack. under recent ruling by the $19.50.-United Press. any form of dumping by foreign shuttle, the weaving process, Board of Governors nailons with particular ference to Japan's past practices. suggests that But this scheme the worst form of this practice should

adopted now be Britain.

FOREIGN

Other volumes in this series which are expected to be com- plated within a few month wilt deni with the Central African and High Commission ritories, the West Indian and

the American territories, Eastern Territories, and Mediterranean and Pacife ritories.

EXCHANGES torlar, the East African ter

Australia

IN NY

New York, Feb. 11.

US$1,00

Far

The

ter-

Tile publication of the volume, marks, the reappearance of a series which was suspend-

first

ed early in the war.

2,78-3/10 2.30 tild/- 2.33 saked 2.77-11/10 futures

2.7044 futures

2.2211

2.7095

Canada

England-oficial unomcial

30-day DO-day

New Zealand South Africa

Denmark

Fratite

.0029-0/10

West Germany

20

Ifolland

2430

Belgium

Italy

Norway

Portugal

Spain

Sweden

Switzerland

1403

0370

0205

'MIDDLE EAST

Egypt

Tran

Iraq

Turkey

LATIN AMERICA'

Argentina

Brazi

Bolivia Chile Columbia Cuba Mexico Peru Uruguay Venckunla

FAR EAST

India

Pakistan

Hongkong Indonesia Eingapore Japan s

22030

hos In the rezantime there

increase considerable been a both in popular interest in the affairs of the Colonial territories and in the emphasis laid Colonial development.

03

"It is therefore felt to be ap

Coloniat propriate,' says the

Office in a preface to the firs! volume, that the ready source

of statistical and other relevant information which the provides should once again made available."

LOCAL PRODUCTS

Burvey

be

Besides the separate surveys

seventh

of the six Colonial territories, there will also be a volume which will contain section dealing In greater detail with the commodities produced. in the Colonies caa whole.

which are

divided into it" and those Intended defor which are retained: for domes Ne

Trade.

་་

sun | July

GTEKERK

HOVERHAEL'

EXK"

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via BAN FRANCISCO, LOS ANGELES AND PANAMA,

· NEXT SAILINGS,

M.SHULDA MAERSK"

--M.STREIN.MAERSIŲ

M.S. "PETER MAERSK"

**** ARRIVALS FROM U.S.A..

MS, PETER MAERSK” ..... MS.NICOLINE MAERSK

M.S. "SALLY MAERSK".

Mar.

-Apr.

Feb. 28-

Mar. 17

Mar. 26

For, Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN &

& CO.

1.85

1.54-1.

1.007%-1.81

Pedder Bulidingi.

1.3235

1.030

In inte Healing led by London Stocks

commenced,

LIKE

A

broad

covering movement.

.!1

futures carried cotton thebelated covering in nearby Familiar products then appear | the by

as if by magic-hessian cloth for March prior to first notice next

Monday.

a bale

up

In any case, as a Government a vast number of uses; sacks for official pointed out today, adopthe American cotton crop; bags tion of such a scheme would for coal, and many forms of food provoke retaliatory measures in carrying. the form of anti-dumping duties by Importing countries,

LONDON TIN MARKET

Futures closed $2.05 higher to 10 cents lower, than the previous close.

Starch

Miles of jute cloth are provided May July each year to the linoleum in- Orieber dustry, and miles to the carpet Decembur

March Industry, both so important to

May Scotland's economy,

July other Nidding anot But there aro mony uses to which it can be applied, |some well-known and others

unusual, Y

40.64-66 30.09-40,01

3028-30 36,63-67

34.48.50 34.38-40

34.25

35.81 nominal 41.60 nominal Associated Press.

Easier

„

.י

London, Feb. 21. The London Stock Exchange was easier today, in response to the decline in Now York,

Government securities held

Industriais and steady, but

drifted downward. shippings

There was litle notivity. In commodities and olls and diamonds were 2011-but · coppers rallied on bear covering after bad start on "TA London, Feb, 21. Prices of tin were irregular.

Its versatility

The Financial Times daily can be gouged Cotton futures closed 10 centside London, socits wat Turnover was 105 tons, including from the fact that it has been, to $2.50 a bale higtier, 1998

*40.01-53'! 111.3 new 1961-32 Low, of and is being used on road and March- 40. tons. for cash.

39.00-10.00 0.3.Admoolated Press, Prices closed at the end of the airfield construction, as a basis May

39.31.95 oficial morning session, as for the bituminous surface, for July

October. the lining of shoots Chrd shoes; December asa-binding for heavy electria

follows:-

Spot tin, buyers

potti ellers

000.14

NEW ORLEANS MARKET New Orleans, Feb. 21.

ind

Market

Spot cotton closed 12 a bale higher, NY (PCDD&#9#ent to d

261-001 cables, for wall covering, and for Middling

Imitation leather foundation.

Business dona at Three-months tin, buyers001 Three-monthe tin, ooilers.. Bustiers dnse' at Settlement

$65-061 .000 · -United Press.

1 · 1/

•

Economically used, the manu

facturer hopes that for bvery 100

tons of raw material fed

Spore Rubber products, the gain coming from

Market

and

water

of.

40.10 Asociated Press.

New York, Feb. 21,6 The black pepper market re-

ALL

Tel: Nos. 86006-9.

NOTICE

A. S. WATSON & COMPANY, LIMITED. NOTICE is hereby given that the CSrd Ordinary Yearly Meeting of the Company (since registration) will be held at the Hong Kong Hotel. Hong Kong, on Felday the 22nd February, 1952, at 11,16 a.m., for the purpose of receiving the Report of the Directors together with the Statement of Accounts for the period ended 31st October 1951, and to elect Directors und appoint auditore

Ab11.30 h) pt the same; day at the same place, an Extraordinary General Meeting of the Company will be held for the purpose of considering two resolutions fully set out, In the Notices convening this Meetin which have been sent to individual, sliareholders. The first resolution, provides for the termination, of the, Agreement between the Company and Messrn. John D. Humphreys Son, and far the compensation of Messrs, John D. Humphreys & Son Ltd, the successors "in business of the said, Messrs. John D. Humphreys & Son. The resolution also provides for the offerta members of CO,UGO, shares In the Company at 920,00 per share in order to raine part of the compensation payable to the guid"General Managera in consequence of the termination of the said. Agreement, In the event of this resolution being carried, a further resolution ""will", bet proposed as a special resolution. This provides, for con fequential amendments to the Articles of Association of the with the General Mangots and for the transfer of the powerst formerly exercised by the General Managers, to the Board of Directors of the Company. Any shareholder who has 'not' received the Notice setting out these resolutions in full and'. Board of Directors may obtain copies on labpligatim to the Secretary of the Company.

The Tränafor Bdolruņika Cutipany will be closed from Monday, 11th Februtry/11959 #9AEridƒx,):22nd February, 1952, both days. Inaluslädesmonte di decorat

New York Sugar mained firm. Dealers Indicated Company arising from the termination of the Agreement

Futures

*T

ven the dust-formerly one Domestic sugar futures' Na, 6 dock: basit,--United Press, the, accompanying Statement from the Chairman of the

Exchange Rates

spot Hominally at $1.05, the beginning of processing, ho

revellers hold pound. Local should get 102 tons of finished

February shipment at $1.40) March 81.38 and Bioy8131-- the addition of the ull consuthalionth in the

New York, Feb. 21.$1.82 a pound, all on an ex the mo

most objectesuits'of Subjects, denit

"of individual groups of DGOJNË surveys

processing how

extractor

3.20 bía Mart.80 bid galore, Feb. 21. Brown of by powerful extractor closed unchanged, in, one lower, Colonial" territorios: wir include 300 yen to US$1 productive, etiviti

Abanço

July Prices of rubber dfutures closed fans, the dust now finds its way

Septemba bld to

.0.59 'bid today as followe and trade, and development.

uolo: local rytieces/as Turland to Number rubber,per -15.

a fertiliser and November In each case, the volume

B. Its most amazing, World Ingal futures Information Lovering contain

sed one lower in two higher the period from 1938 up to, the

1971-1984), 19 ideal for growing

“May. Copra was quoted today at fast your for whloft: Stein avail-

able insiding, so I pos Cocoanut pll was quoted at bible, information relating to: 99% cents a pound, asked, 1051, London, Express Ser- United Press,

United Press,

!..!.

Tew Yoric, Feb, 21.

$140 per: short ton, Hominal

vico,

By Apsildegallegos

Number 2 Number 3 rubber; March Muere eutsidega 34mm 600t eubber, unbaled. No i pode crépe

Disconne

177-145

United Prom.

'I'closed

landtoffe tomatoes Pantário

Modem methods now bein applied in the industry are, per haps, the most intriguing of all;

September

ti!

262 02 Losyen A Business-wan-done in the... focal,

market romeial exchange morning at the following ratée:

this

RET

Sterilng note (pa, Riz./ Indonesia guilders (per 100)

Bingapore (Straits),

Fic plants, (per 100)

12.00

Row sugar apol 5.05 nominal, lente! (per 100)...............

soclated Press,

BY PRSTID Astar Ördek of the Board, Det ra terlena WI zeffer UTVAL PATEI!

LCÓNŁAJM M Meleg von L

Hong Kong, 1st February, 1982.