1952-02-26 — Page 9

Page

MESSAGERIES M

**ZELIDJA"

THEOGENITOR"

THE CHINA MAIL, TUESDAY, FEBRUARY 26, 1952.

·Page 9-

MARITIMES HARD WORK ONLY CURE ROYAL INTEROCEAN LINES

Arriving Leaving

-Feb. 20

in Port -Apr

2 Apr. H

}

**FELIX ROUSSEL"

.Mar. 6 Mar. 7

Mac. 17

Apr. G

atar, 18

Apr. 1

4"MORTAIN"

*"ZELIDJA"

.

passengers & freight.

4

M

Outward For

Kobe, Yokohama Haiphong

Homeward For

Marseilles via Mantia -N. Africa & Enrape N. Africa & Europe

† freight for Saigon, Port Said, Tunis, Marseilles, 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).

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”

ARRIVALS FROM U.S.A,

M.S.

"PETER MAERSK”

M.S.

"NICOLINE MAERSK"

M.S. SALLY MAERSK"

Mar.

2

Mar. Apr. 2

16

Feb.

28 Mar. 17 Mar. 25

British Bid

Accepted

has

Shefeld, Feb. 25. The British. Davy and United Engineering Com- pany

won, Drainat troug German competition, a £375.000 contract with the Karabuk Iran and Steel Works in Central Turkey.

Delivery and installation of new mill plant required under the contract will take three years, the company sal today.

and

The Karabuk Iron Steel Works, a State enter. prise, would almost double their production capacity with the new equipment.-n Reuter.

Open Trade Account

Taken Over

TOKYO

FOR CONDITION

OF

WORLD TRADE

Manchester.

The parlous condition of the country's present economic situation, especially as regards the textile industry in Lancashire, and the im portance of inter-Commonwealth trade, were reviewed by Mr H. Prince Bardsley, the retiring president of the Manchester Chamber of Com- merce, at the annual meeting of the chamber in Manchester.

-VAN UIBUÍBEN

BALLINGE

"STRAAT SUENBA" "FES, 29125

Hingapore Djakarta,

Rorabala & hincassar

Manila, Singapore

Semarang.

想,

Africa

Bingapore, Penang & Belawan Dell

1015 VAIN".

zith: 30 Japan

*TIIWANGI

Mar.

2nd

"TJIPANAS".

Маг

7th

"TASMAN"

Atar..

"TJIPONDOK" "TJISADANE"

Mar.

1th

Mar. 19tza

Singapore, Motrition,

Mar. 14th

"TJILUWAD"

*STRAAT

MARASSA?” "BOJSERVAIN" "TZIKAMPEK"

"TJIWANGI**

Mar. 20th Mar. 20th Mar. 27th

"YAN DAUTAZ“ "STRAAT BOENDA" Apr. 14th

Government experts, economists, and many others, he said, had been telling them for some time past that the economic horizon was "LUWAI clouded with uncertainty and gloom, and he interpreted that to mean that the economic pulse of the nation was at a low ebb.

"I am firmly of the opinion," he continued, "that one of the main causes of our troubles to HONGKONG day was the acceptance of Marshall Aid.

SHARE MARKET

(From Our Correspondent)

"TJIBODA"

"TABMAN" "TJIWANGI"

*STRAAT

MAKASSAR"

“TJIPONDOK"

“TJILUWAN”

"TEGELBERG"

"VAN-HEUTBZ“ "TJIWANGU

Apr.

2nd

Apr. TEH

Apr 14th

Apr. 17th

Apr. 25th May and

May 2nd

May Th

May 16th

TJirebou, Semarang,

Buzabala tacizar

Tanga. Zato

xibar, Dar-rr-Salaam, 8. Alijen

H. America

Kingapore.

jakarta, Bemisrang, Burabala & Macassar

Japan

Manila, Singapure, Mauritian)

H. Africa & 8. America Djakarta, Tjirebon, Semarang,

Surabain & MacanSAT

Singapore, DJAUNA, Hatarang,

Surabala & Anvasiny

Singapore, Penang & Bolawan Deli 'Manila, Singapore, & 8, Africa

Big

Jakarta, ÜSINTANK.

"Húrabala & Macassar Djakarta, Tiirebon, Bra

surabats & -Macassar #topapore, Penang & Belawan Dell singapore, jakarta, Semarang,

"Mürabāta AL MARKESAN Manila, Bingapore, Mauritius, E. & B.,

Africa & 8. Amerien

Djakarta. Tirebon,

Nurabala & Macaastr

-Semarang,

Singapore, Jakarta. Bemarang.

Burabala &" NIMEASIAT

Singapore,

Mauritian,

E. & S. Africa & 8. Amerles Singapore, Penang & Belawan Dell Singapore. Mutok, Djakarta. Bemarang, Surabala & Macarrar

From

May 20th

Manila,

May, 25th June Zod

ARRIVALS

"STRAAT SOENDA" Feb, 27th

"VAN DEUTSZ"

Fe 28th

Feb. 28th

tar. 13th

Mar. 18:2

МАКАЗВАП"

Business done on the Stock | "TJIWANGI” Exchange this morning amount- ed to $400.284.50. Noon quota- tons and the morning's- transac- tions:-

"And I say this with full ap- present thine, Last autumn the

Joined

other with preciation of the great generosity chamber

We sections of the cotton trade in of our American friends. overlooked the fact that we sending representatives, as part should still have to work hard of a Cotton Board team which against the to rehabilitate

ourselves when tendered evidence

duties

wide When it did suspended that old

affecting ended. end it found us weakened, rather range of goods. They were still Dutcome awaiting the put than strengthened, at least as anxiously

of the consideration which the Individunts,

A its inception we were, in South African Government was AGREEMENT IN my opinion, geared up to a high giving to the case presented.

standard of effort and in Continuing, Mr Bardsley said reasonable line we could have those who had so much at stake fought back to prosperity as we in the textile industry must feel BARES DUVERs sellers gales

at the pro- GOVT. LOANS Tokyo, Feb. 25. ugh back in 1940 to solidity.gravely concerned

potential of other EX The Japanese Government | As it is, I am straid the help weduction will take

from the received only tended to make us countries, especially Japan. Com-BANKS

was now assuming such HK Bank XD

to muke it only by our own efforts

could

•our incumbent to re-examine the Headquarters the adminis- we hope to find way out of

at home. That step, he How often has this the Japan- troubles. tration of

before Formosa Open Trade Ac- been proved, in the case of the suggested, was necessary

dividuals borrowing is put contemplating other remedies count by an agreement

themselves right, then failing to some of which must depend for the Chinese signed with

put their backs into the job of their success on the willing co- out of their operation of others- factor government and SCAP re-not only getting

original trouble, but of having which in his view could not be presentatives today.

borrowed guaranteed for all time. pay back their The agreement, which will go capital."

wondered how Mr Bardsley March 1. Was into effect on

it could signed by C.C.

the long it would be before

over

United States Occupation se sight of the main fact-that tonerons as

·

Shao of

to

-For-Freight-and-Further-Particulars-please-apply-to-inse-Mission-in-Japan, for he brought-home-to every class

AGENTS:

JEBSEN

Pedder Building.

CO.

Tel: Nos. 36066-9.

Grant To India Resumption

Recommended·

Bambay, Feb. 25. The American Ambas- sador to India, Mr Chester Bewies, sald today that he had recommended to fals Government * grant to million India of $250

Huancial, year during the beginning next July.

The Ambassador said had asked that $125 million should be given it the former wheat and collon and the remaining $125 no as technical nselstance, Reuter.

he

Recession In Chicago Grains

Of Trading In Rubber

New York, Feb. 25. The market for rubber fulares trading will be reopened tere on Monday, March 3.

The decision to re-open was taken day by the Rubber Board Trade group of the Commodity Exchange Inc., as

result

of

the Government's action turning back the nation's importing of In- natural rubber to private dustry.

The Government had been the sole importer of natural rubber since Dec, 20, 1950, in a programme designed to build up this country's stockpile and to deal with runway prices Dy overseas producers, The General Services Administration 011- Saturday that the nounced on stockpile was now adequate and format purchasing metheda could be restored.

Trading in rubber futures nan Chicago, Feb. 24. Wheat drifted lower on the been at a standstill since Maven Board of Trade news of 31, 1951,

on snow overnight and during the dy In parts of the western winter wheat belt.

(1048)

D4 10000 3

1320

"INSURANCES

A CHALLENGE

Lancashire was now facing a challenge-and-she must prepare, by every means of her disposal, for a period of readjustment to could we the new conditions which faced

Taipei, Mr Yukawa, Dircolor in the country that only by work, of the Foreign Office Economic and work of the must determined Affairs

Bureau, for

for General Adjwant-General for Ridgway's Headquarters.

Colonel CC, B. Wan, and strenuous nadrid prestige. us.

and

hope to

to recover Our very existence as a nation on our ability to secure

The

Those conditions included return to the competitive struggle

Under the agreement the necessities of life for our which was now aggravated by sume full responsibility for theeves and for our industries by the growing volume of production | Japanese Government will us

and

obligations of

Ac- JIA fixe

The

Саристь

Union

HX Fre

DOCKS, ETC. K. Whart N. P. Whar!

Provident Wheelock

LAND, ETC.

st Hole!

*K Land Humphreya Realty

UTILITIES,

Tram

..

P. Tram (0) Star Ferr). a light (0) C. Light (N)

Electric XD

"TJILUWAN"

"STRAAT

$ America, H.

Africa, Singapore Surabals & Manila

Penang. Belawan Dali & Singapore Macassar, Surabala, Semarang,

Djakarta & Singapore MACASHIE Burgdala. SORRIADE

Djakarta & Singapore

B. 'Amèries, E. & B. Africa

Mauritius, Singapore & Manila.

General Agents,

HOLLAND EAST ASIA LINE

5 ए

170

SAILINGS

TO EUROPE

150

14.40

4013

*HOGGRERE"- "ARENDSKENK" 110 KIELLRECHT 7.15 MAÁGYÉKERK"

"OVERIJQEL"

Mar.

761

Apr.

20

May

June

July

th

40

Kalin

$.05 1000

6035 70 1000 CO

8.70

141430 100 6 14.20 212 2.08

SAILING FROM EURORE

Roller

Arrives Boogkong

"ABENDSKERK“

Sailed Jan. 31st

Afar.

2

"KIELDRECHT"

Mar.

"AAGTEKERK"

Apr.

"OVERUJBEL"

5th

Mäy · Zad

Apr.

1012h

May

19th

June Tth

May ------ 28th

-4th

"17.00"3000"@"17.50 | “HOOGKERE"

114

R 2500 8.30

€ 0,00

21.00 22.10

Telephone... 17

2100 @ 17.10 INDUSTRIALS

Cement 1735 1734 300 m 13.49 Hope STORES, ETC.

Dairy

191 Watson XD

Sun Co. CXXTTONS

the efforts of the people.

of local mills in markets which operation

We must marshal our reserves formerly bought extensively the

Taiwan-Japan Open- of mun-power and materials to count provided for

"I realise that this is a world financial

agreement for trade keep the wealth of the, nation from us.

intact and

forward to moving

problem and one which will call between China and Japan dates better things.

country's Sept. 6, 1950," according to goal must be the pursuit of for wise decisions by leaders of GHQ release today.

peaceful international trade, the industry and the Governments MSLANBOUS Penc

the chief text!le-producing agreement, The new

which supplying of the needs of other in

countries," he an ability Occupation Head-parts of the world, and an releases the

went on. "Japanese competition is a financial to take from them foodstuffs from

and all quarters

problem and is one which row materials iability in connection with the

A

ju

ת!

special exchange. is actively receiving the atten-

Taiwan Account, is in keeping which we could then put to good tion of the chamber and of the with the SCAP policy of trans-use for the benent of mankind. ferring full responsibility

to foreign matters pertaining trade to the Japanese Govern- ment, the statement added.

After March 1 all matters in connection with the Account will beegotiated directly between

as

Japanese

Chinese and Covernments.

The announcement said: "The transfer of

responsibility will ΠΟΙ necessitate

re-negotiation

in

TEMPORARY

RECESSION

that in any

who work textile organisations

the Cotton Board.

hope In the north-west there was negotiations, either at industry an abundance of skilled work- or Government level, it will be people, to whom the constant up- possible to avoid any major clash peal should be made for increased of interests, for that could only productivity per man-hour. The be the forerunner uf most great manufacturing industries undesirable consequences,

the technique and Relentile

SENSIBLE APPROACH research behind them to turn out

bod

Trade

bitterness and hostility.

1800 t .

300 @ 20131⁄2-|

20 800 m 10.20 291%

3 320

100 or 2117

Enteniment Yangisro... BY 5.40 Soda e

Mixed Day

KINGS

Nigeria Planning

To Establish Cement Industry

London.

A cement industry will shortly be established

Of Trading in Nigeria.

In Stocks

NCA. York, Feb. 25. Gain and losses were mixed

This is regarded by trade officials here as the most important economic step taken in the country for many years, and is designed to assist Nigeria's. big development and building programme, which is at present severely handicapped by world cement shortages.

year.

in

Belgium Believing First factory is expected to be, with

end of next Nigeria's capacity to develop Its

own rezourges, with ensuing. benefits to 'ition economy, Mr Rosie: drew up the blue-prints- and the project was att in motion...

London Express Service.

It will be located at Nkalagu, 23 miles east of Enegu, the Eastern Region's coal mining centre. Planned output is 140,- 000 tons a year..

products second to none. But "Ways and means must belon a very quiet stock market. they had the dead hand of taxa- found of avoiding, at all costs, Many issues were showing slid of the documents in connection on and still far too many with current trade transactions restrictions which did not allow a repetition of the grave difficul- ing tendencies at the close.

A to ties of the interwar years. Most changes in either diree- -All trade, with Taiwan will for that degree of ßexibility sensible approach to the issuestion were small fractions and completed by the cantinue on an Open Account

full incentive for arising from Japan's

re-entry the mixed trend was present in basis with payments being made provide the

private enterprise to make its into world trade could preventievery major group: en individual. transactions

"That!

The volume

гал tround the existing maximum contribution. with ucecrdance

not only in the export market, others have a right to a place 1,200,000 shares. Linde and financial agreements but at home, was suffering from and share in world trade must be Trading slowed quickly stier between Formosa and Japan." what he trusted

was but recognised by Japan. Unbridled

brisk start and small but United Press.

temporary recession.

Finance for trade was being curbed and ing no relation to those of othering were scrambled to a fairly competition at price levels bear-persistent gains after the open-

Situated in a limestone benz- insold stocks of goods were be-producers must Invite protective even mixture of advances and ing aren-limestone is used in i coming perilously- large,

action. I earnestly hope that the declines shortly after the first cement production-the nearest "I have tried to think of the new Japan will not repeat the hour. kind of treatment which is so mistakes of the old."

There were a few substantial coal supply is only eight miles

away. urgently needed to revive our mistakes of the old."

Northern Pacle and "Mr Bardstey losers. somewhat enfeebled economy," said Conclusion,

An eight or nine mile rail link there was only one way to Standard Olt (NJ), which were he continued. "

"Whilst I do no: maintain exports, by, work and among the better gainers at the will join the factory with the claim that my prescriptions are acrilice Unless we were pre-short session rally last Saturday,

main north-south Hae from that a comprehensive, I

point at Port Hare to Kano and beyond. to give increased efforts for each lost few substantial doses of them some time to come, without ex-times.

empared to would act 13 rovivers and

Amerada Petroleum, American. Preliminary surveys have al- preting n corresponding increase mulants. I would first, call for of wages or salaries, we should Cyanumla and Dow Chemical ready been completed and work

losers. the wider

on the new project will provide the /4, considérable casement of the not hold our own in world trade, were among Vietnam could

pressure

of direct und, Indirect

mence at full speed within a few "I am calling for 44 hours in US. Gypsum ran contrary to the work with 3,000,000 tons of taxation; for the infusion of

was ahead around a | months. of 40, or 48 hours in place

trend and

vice, SINGAPORE MARKET -

the Premier, Tran Van nourishment into the life-blood of 14, and reai work without point at a time.

Dodd of private enterprise 20 long expecting in

The advances included, Chry- Huu, told Mr Norris

increase of rd of the Food and Chairman Singapore, Feb. 25.

aler, Goodrich, American Smel- clogged

"That, I muneration," he said. }

ting. Prices of rubber futurea Agriculture Organisation, today. closed today as follows:- Number 1 rubber, per lb.

Active deliveries in the South-rubber futures market will be September and December, and March and May 1953 contracts.

Other cereals at times dis- played a little firmness, only to This ill back before the close. was particuarly the case in ression roybeans. Late in the

scored they gave carlier. Bean all sank to 10

from 10 on cents a pound Saturday.

Kalna

Corn and cals at times poked previous above the slightly

There thought close. Traders might have bran some buying on news that imports of livestock and meat from Canada had been banned.

Wheat closed 134-2% lower,

was 4-74

corn

01

lawer, soybeans-

1% lower

Wheat

March

May

July

September December

Soybears

Jower,

Rubber futures in London were weak today.

In New York the price of Crude Rubber Spot No. 1 Ribbed Smoked Sheets was still 30%, asked. There has been no change in this figure for months.

Associated Press.

March

April May Number 3 rubler, March 112-112 Number 3 rubber, March 108-110

118-11335 11415-115

Spot rubber, umbaled .. Black crepe

118-1151

No. 1 palɔ crepe

$2.53%-74 2.51-34

2.46%

2.47

2,50

61-03 137-142 Valted Press.

INDO-SYRIAN TRADE PACT

Vietnam’s Production Of Rice

Salgon, Feb. 25.

by the

germ

IB

place

duffer."

around

Du Pont, Philip Morris,

Among

LONDON TIN' MARKET

London, Feb. 25,

com-

bulk

tions, while the Nigerian com- up a smaller pany is putting

amount.

Special provisions made to permit

will be Africans to

NEW YORK

COTTON FIRMS UP

more

New York, Feb. 25, Cotton futures were firm with nearby months leading an up- turn on trade and commission,

March house buying. Nearby THREE PARTNERS moved higher on considerable following the short-covering, The company to be formed to Issuance of CB. March_transfer=

turning the immense Plaine des effect of an outlook treed from can use to fight back-Jet us cal and American Airlines.

This could be obtained by nationalisation; and by the tonic maintain, is one of the ways wu Ceneral Electric, Union Pacific operate the, scheme will be re-able notices at New York, Arst gistered in Nigeria, and will be notice day for that delivery. fear and forebodings restore tait a bonus to the country. Jones swamp luto an imanense

were composed of three "partners." Traders looked for a good deal normal conditions

the declines Vietnam's more rice field, he added.

don't want to see present earn-General Motors, U.S. Rubber, They will be Nigeria's Coal Cor-farger number of notices.. rice output could thus be in-general health of the nation's ings retliced, but unless everyone International Raper, Suiclair Oli, paration, Britain's Associated

anticipated the economy.”

is prepared to do that extia creased by 1,500,000 tons, oats

Boeing, andõhns-Monville.—Portland Cement, and Belgium's Traders

and Premier pointed out,

Briqueteries activity in exports as Washing- amount of work for the same Associated Press, ~/ COAL THE SECRET

Cin enterles 1 eent lower, aye 1-3 Number 4 rubber, March 100-107

ton advices reported that the as now, then I see os darninga

Reunis, a big cement concern. unchanged to

Coal was the cornerstone of the only alternative, lower wages The Premier emphasised that

Export-Import Bank calton pur- was placed midway Vietnam

The Belgian and British com- chase credits of $20,000,000 to between India and China, both prosperity and much oded and unemployment as a direct

Colombia

to and $40,000,000 countries permanently, suffering future economic wealth depended consequence of the loss of expert

panies are providing the from drought and starvation, upon it. One great need in con trade which, we shall inevitably

of the finance in equal propor Japan are now operative. Armu

"Later afternoon prices were and would only be too pleased nection with coal was for

Bate higher 85 cents to $1.85, a contracts covering a reasonable to help.

have

than the previous close.. Mir Dadd replied that the gins- periud ahead. That would

Futures closed 45 cents to sibility of turning the Plaine great effect in many of their des Jones into a rice field would major Industries by enabling

pate in the capital süt $2.45 -a bale highor than the

previous blose, be considered as soon as possible them also to enter into firm con-

while Africans will March New Delhi, Feb. 25.

and that Vietnam might be given tracts for the supply of their

have seats on the company's MaY India and Syria today signed expert help and a special credit products instead of day-to-day

913 { board, Chaliman will be Le July

Dettber แ treaty of friendship and from the International Bank to prices, which were having such

London, Feb, 28.3

VIB Colln Naeburn, already chair-Decembe commerce calling for the deve accomplith, this France-Presse, a detrimental effect on their ex-

·South African gold shures 'had

ກາດກ port trade. trade relations. The

#goods market; on the London treaty, staned by the Indian

Referring to inter-Common- Block Exchange following plans 83.03% Prime Minister, Mr. Nehru, god

the Syrian Minister in New JAPANESE TRADE wol trade Me Bisley said for speeding up 'uranium pro

| that in his address last year, he digiton there and hopes cf Delhi, Dr Mujih Armand, is 1.08%-90

WITH

foferred to the Importance of favourable legislation for BRAZIL expected to po ratined at an -Associated Press.

inide with the Britt Commen early date. It will apply for

wealth of Nations; What he said industry in the Scach African Tokyo, Feb. 28. an iftiut period of firee years.

The market: In Home stocks The treaty specifios, a greater:

Three Japanese Government then he repeated with even ge NY Bank Quotations exchange cotton, plcccgoods; in March for Brazil to riegotiate presc

of

exportable goods, omcials will leave here early greater emphasis now He ex was quake with pres

about the castonally easier. presscă

Commodity

exchange a new trade agreement raron tariff in Australlo, and shares were quieter than of late New York; Fob; 25. rubber tyres, soap, steel, cocoa- nut fibres and leather goods

prezent trade agreement hoped that at aut costs they and showeth rubbers frid Closing bank quotations

between the two countries should retain Imperial preference Shipping aliate gained end-account bear Bank of Americs bid afted from India and dried frutia, Chee National.

raw cotion, sulphur copper. expreled to expire when the as a fundamental principle ground and 2016 hid 4116 asked- Bank National City Bank 472 blogas asked coarse grin and light hides pareskeny goes into effect. The South African market was covering helped toxiller-Ass

very much in thele minus me

much in their minds at the clated Press Apointed Prons. Bali-Associated Pressi·

March

2.05 00 2.88-88

2.85-

1.7816-4lopment

May

Corn

July September November

March Oals

2.78% 2.737

March

Ryo. May

T

concern

Gold Shares

Popular

the

Prices of tin closed today at the end of the official verting session as follows-

Spot, th, buyers Epot tin sollers · Eluzinesa dona at s Third-months tin, buyers Three-months tin, sellers Business done at Settlement

United Preis,

077

*10

Mo

Exchange

Rates

usiness was done in the.

of the Nigerian Coat Cor-Barch

MAY

to shortages, in Britain, andúting-spot

Ewever, all equipment and i

41.12-13 40.35-41

30.05.

34.47

30,34

36,03

41.75

---Amociated Prom.

staff will be provided NEW ORLEANS MARKET

by Belgium:

torch

High Low", Cinso ·

41 08-4087 41.02-04. MD404103 47,27-37

in this connection, wo Belgian ili New Orleans, Fcb. 25. experte leave for Nigeria by uit Cotton, futures closed steady, later thit, month, while some of 80 cents to $2.25 a bale higher. the machinery is already en itam, units exanimarkaway by scu

9.713 The sheme was originated by

30.47 30.30 ---201-53. 24. 16.85 M DH. Rosier -year-old, Dapwbar 58,714,45 -96.57 bid Trado Cermissioner for Nigerin Spot cotton, clused stendy, $2 n in London, when he was bald higher, Sales 540 Midative so-negotiating cement Purchases 140,30-Associated Pres

+UB. dollar, (por 11)

Sterling note.(per 1). Indonesis guilders iner 150).. Singapora 481rnikai“ Siam Ucals mer 1001 VIC plastres, (per-100):

+27,50

Zum