1952-02-27 — Page 9

ROYAL INTEROCEAN

BAILINGS

"TASMAN" "TLIFONIJOS" STJBABANK”

2910

INES

blugapore, Djakarta. Semarang.

Burabila & BiscaniaT Manba, Ninganoro

B. Africa Sugapore, Penang & Belawan Dell

Firebon, Безнали Bjakart

Surabala di- Mincasaur - Hingapore, Mauritius, Tanga, Zast

"elbar," Dar-es-Haliáni, N.

Atrica 4. America Slugapore. Ijakarta,

Súrabala & "Macassar

Jaftan

Bemarang,

Mzulla, Singapore. Mauritium,

8. Africa & N. America

Jakarta, Threbon, Semarang,

Surabata & Macostar

To

"VAN HEUT:2"

ch.

*BOINNEVAIN":

Fab. th

Japan Jajaan

"HTRAAT SOENDA" 170l,

Japan

JIWANGI"

Mor.

2nd

"TJWANAS**

Mar. atur.

Mar TON

Mag. auth

7th 241

TJILUWAIT"

"STRAAT

Mar. 1648

ALAKASSAR” "DOISEVAIN"

2461

"TJIKAMPER“

Mar 201

Mar. 2741

"TJIWANGI

Apr. 2nd

"YAN HEETSZ"

APE

"STRAAT SØENDA" ADF

Th 1412

"TJHLUWARU"

Apr. 16th

"TJOBĄS"

Apr. 17th

Apr. 25014 May 2nd

May 2nd

*TIPONDOK"

May 7th

*TJILUWAII"

Aay 16th

STEGELBERG

"VAN HEUTSZ"

MILY May 25th

2007

TI-LIWANGI

June

2nd

"TASMAN"

"TJIWANGI"

"STRAAT

MAKASSAIL"

"STRAAT SOUNDA” Feb.

blogapore, Djakarta, Semarang.

- Surabala & Stacasiar

Singapore, Penang & Belawan Dell Manila, Singaporë, & 8, Africa Ningapore,

jakarta SAYA, surabila & Alacasiat Jakarta. Tjirehou.

BONAPADE,

Norakala & Macanar Singapore. Penang & Belawan Doll Singapore, jakarta, Bemarang,

Šūrabais &"Macassar

Manila, Singapore. Mauritius, E. & 8.

Africa & 8. America

Bijakarta," Tjiroben, Semarang,

Surabala&aturasze

Singapore. Djakarta, Semarang,

hurabaía & Macassar Manila, Singapore,

Mauritius,

E. & S. Africa & 8. America Slogapore. Pentang & Belawan Peti slucajore,

atuntok, Djaknela. Semarang, Surabalu & Macassar

Fromm

ARRIVALS

24h

Fich ! Feb. 28th

"VAN HEUTSZ"

"TJIWANGI"

*TILUWAU"

ENTHAAT

Mar. 18th

MAKASSARE".

Mar. 13th

S. Amerlea, S. Africa, Singapore

Surubada de Manila Penang, Belawan Deli & Singapore Macassar, Surabala, Semarang.

jjakarta & Singapore

Maenssar Surabala, Semarang.

Djakarta & Singapore

S

Amerie E. & N Africa, Marlins, Singapore & Manila.

General Agents,

HOLLAND EAST ASIA LINE

SAILINGS TO EUROPE

814

100

"IOOG KERK"

Mar

“ARENUSKKUK"

Apr.

KIELDRECHTT""

May

715

"AAGTEKERK"

お

"ILITAR"

143

71

SAILING FROM EUROPE

Halls Rotterdato

Arrive Hongkong

BARENDSKENK"

Salled Jan. 31st

Mar.

Ath

·KIELBRECHT".-

Mar.

5th

Apr.

10th

“AAUTEKERK".

Apr.

5th

May

10th

"ISLITAK"

Alay 2nd

June

7th

July

4th

"HOOGKERK"

KING CHINES

May 2Uh

Was Marshall

Aid Necessary To Britain?

London.

THE CHINA MAIL, WEDNESDAY, FEBRUARY 27, 1952.

Anglo-Japanese

Trade Talks

Tokyo, Feb. 20. Japanese omelaks British representatives agreed today on the nec©N~ alty for Japan to increaso Imports from the Sterling Arca.

Aim of the talks was të. salve the problem of the increasing Sterling reserver

in Japan.

-Modifications.

the fluancial restrictions now hindering trade with the Sterling Area wos Kizo discussed. A further meet- Ing is expected France-Presse.

British Shipyards Lead Way

American

Synthetic

MESSAGERIES

Rubber Policy Under M

Fire From Planters

London, Feb. 26,

An outspoken attack on the United States Government's decision to expert synthetic rubber has been made by the Natural Rubber Bureau, the Washington agency of the Malayan planters' world-wide publicity or ganisation.

No one, it says in its monthly news bulletin, objects or has the right to object to the sale abroad of GR-S (general purpose synthetic) at a price which would be reasonable if the synthetic rubber industry were in private hands.

But when a Government monopoly sells Government-owned and Government-priced product

A

in

competition with a private industry, a really important HONGKONG

precedent is established which starts a trail that usually ends with Government action at the other end.

The aim of the programme is "This is a trail which for many! reasons it seems better not to to establch rubber production start," the bulletin says!

on a stable basis which will pro-

London, Feb. 26, Britain rated first and Japan second among the

It points out that the United vide Latin American countries States Government, acting as the with new and profitable crops world's largest shipbuilding sole owners of the synthetic and assure the United States of countries last year, Lloyd's rubber industry, is purchasing its a Barby source of natural Annual Summary of Mer-principal raw materials at about rubber. chant Shipping said today.

The sunumury, which includes ships of 100 tons gross and up- wards, showed the 1951 world output of ships as 3,042,504, tons, of which Briin built 201 totalling 1,341024 tonsher

highest tonnage since 1030.

The figures do not include Russiu, Communist Poland, from whom were avaliable.

0%

China no returns

The sumamry showed Japan last year. built 434,280 tons Siveden was love behind with 102,067 tons. Japan's gure was 80,341 tons more than in 1950 and Sweden increased her output by 56,175 tons.

half of the cost which would be

required by new contracts with private producers.

Although GR S

not subsidised in the sense that the U.S. Government Is not now loss on its synthetic making rubber activities, the price would be higher if the industry were operated competitively.

OBVIOUS EFFECT

If the U.S. Government pets on the principle that as stocks of GR-S accumulate the plants will be kept operating at current levels by constantly expanding the availability of GR-S abroad, the effect on world market prices for natural rubber is obvious, the bulletin says.

Germany-was-fourth-on-the--"We fully-appreciate," the

tist with 318.339 tons, 163.833 editorial continues, "the likeli

cns more than in 1950,

to

The United States Jell seventh place, behind France and Holland. US. yards built only 165,881 ton:-271,146 tons less than in 1950.

SHARE

MARKET

(From Our Correspondent)

Business done on the Stock Most of the world's natural Exchange this morning amount. rubber now comes from troubleded to $551,363.30. Noon queta- arens in South East Asia,tions and the morning's transac especially Malaya.-United Press. ¦ Lluns:— .

SINGAPORE MARKET

Singapore, Feb. 28, Prices of rubber futures closed today as follows:-

Number 1 rubber, per in.

Number 2 rubber,,

March

SHARES BUYERS SELLERS YALES BANKS

1310. 10 1300

HIR Bank Xu East Au

Union

"LA MARSEILLAISE" "MAPIE HILL"

MARITIMES

Arriving Leaving

M

futward For

-Mar. 29 Star. 30 Kube, Tokahamu

Apr.

3

*FELIX ROUSSEL"

G

("MORTAIN"

+"ZELIDJA"

Mar 33

Apr.

* paksengura & freight.

Hameward For

Alar Y Marielles via Afanity

Mar. 14 N. Atries Europe Apr. 3 N. Alden & 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 58, Hongkong Queen's Building (gr. floor) Tel. 26051 (3 linea). ·

MAERSK

LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SÄILINGS

136

INSURANCES

165 77244

March

SHIPPING

April

100-109-14 108!-

Asia Nav

1.70

M.S. HULDA MAERSK"

Mar.

2

DOCKS, ETC.

May

103-106-15

K. N. P. Whil Dock

17 10.10 200 a $7% Provident. 13.90 14.30 2000 1 14 Wheelock 200 454 451% 300 40

Wharf 100 110 200 310

1,20

M.S.

TREIN MAERSK"

Mar.

16

M.S.

PETER MAERSK"

Apr.

2

ARRIVALS FROM U.S.A.

200 m 4015

500 4322

M.S.

"PETER MAEKSK”

Feb. 28

400 et 45:5

M.S.

"NICOLJNE MAERSK”

Mar. 17

8.15

M.S.

"SALLY MAERSK”

Mar. 20

March

Number 3 rubber, Number 4 rubber,

March

Spot rubber, unbalad.. pale crope Black crope

1031⁄2-101

101-102

10044-100-12

78-HI

LAND, ETC.

TIK Hotel

43,44

NO

134-134 United Press.

LONDON MARKET

London, Feb. 26, Prices of Tubber futures closed today as follows:-

Number 1 rubber. i cents

per lb.

that the synthetic industry hood will remain in Government hands for the next two years, and certainly, - from A national April accurity basis, the transfer to May June private hands should not be

April/June until the Government is July/September Britain's output of tankers convinced that there is no serious, October/December 02.3 per cent of the total against

national security risk in the 46.6 per sent the previous year-transter" was the highest porschlags ever "But," recorded. Just over half these "But" it warns, "so long a British-built tankers were for the US. by an adequate synthetle 'national security is protected in registration abroad-Associates | E

rubber

Press.

Grain Prices

In Chicago

Chlengo, Feb. 26. Prices of grain futures closed today as follows:

Wheat-price per bushel

At the annual g neral meeting of the Man- chester Chamber of Commerce, Mr H. Prince reviewed retiring president, Bardsley, the Britain's economie situation and expressed, the opinion that “one of the main causes of our trouble. today was the acceptance of Marshall Aid.”

Observing that he appreciated the great generosity

of Amerien, he continued: "We overlooked the fact that we should still have to work hard to rehabilitate our- selves when that nid ended.

"Why it uld end 2 Fund us this collatry would have been in weakened rather than Ag thened, at least as individuals,"

reasonably say cconomic position today due to the good use to which Marshall Ald was put.

THE TRUTH

It would sum that of Britain was wrong la necepting Marshali Aid, the

the 15 other countries which participated in the European

The truth is that Britain could Recovery Programme were also

have managed to make wrong, also that the American not Governinen was

and economic ends fault in Nuancipl

at

3.5431 2.321 2.30%- 2,445-74 284525 2.4814-

May

July

September December

Corn Spot Mach Max *

July September December

Rys March Alay

fiats March

145 numinat

1.77-2

1.004%-7

1.78

1.71 Gl

10%

1.0115.24

May

industry, the national security of our allies in the pro- ducing areas should not be threatened by an unnecessary all-out production by Govern- ment and the sale abroad of a Government-owned and Govern- ment - priced product which inadequately reflects private competitive costs."

DEAL CRITICISED

Criticising the Anglo-American

rubber deal, under which Britain

UK Land

14

24.30

... 2.45 2.60

17.70 17.00 170 @ 17.39 {

1000 17.70

C. Light (0) 85.8.70 3300 # 8.00

Humphreys

Realty UTILITIES

324-33

Tam

3146-32

31-31

Star Ferry

2014-31

3112-1

C. Light (N) 31

2015-

303-4

Electrie XD 0%

United Press.

FOREIGN EXCHANGES

IN NY

Canada England-ofetal

New York, Feb. 20.

US$1.00

unofficial

30-day futures 10-day futureL is to transfer 25,000 tons of Australia

Two New Zealand rubber from the British to the South Africa American strategie stockpile, the Belgium New Commonwealth says it is Denmark far from clear why a reserve West Germany

France deemed necessary in the Dust Holland place apparently now regarded Italy us excessive."

Norway Portugal

New Commonwealth describes Soaln

as "more than a little astonish Sweden Ing" the Ministry of Materials Switzerland

MIDDLE EAST claim that the deal will beneft

Egypt

the Sterling Ares balancs of Iran payments and that nothing has fra.. New York four-kr 2001. Back happened which would affect the Turkey

$12.50.--Unlied Press,

market.

The Chancellor

2.70-5/10 2.30 bid/ 2.33 asked 2.77-13/10 2.767 2.2215

_

2.79

0108% 1455 .0028-9/16

4.20

2630

.1405

.0370

0205

.0035 2201

2.08.3%

.03125

2.81

$375

rubber

of the

LATIN AMERICA Argentina

0730

.0500

0114

1.00

.11.05

0500

2150

2005

2038

2030

1750

3010

1470

Exchequer, it

Bolivia says, hus disclosed Brazil

agreeing to furnish inancial and meet without first, the American New York Sugthen the US is paying the Mexico

other assistance to 10 European Loan, and second, Marshall Akl.

countries, states the Liverpool

Journal of Commerce.

ment is carried

And if this argument

to its logical

conclusion the

Prime Minister was wrong in

going to America to obtain steel

It seems wrong to ascribe our

to the

in part to

current troubles either in whole or la

nancial America,

neceptance of assistance from

Without it, whence would the

Many

Futures

New York, Feb. 20.

closed World sugar futures today 1 to 4 lower with sales and financial aid in order to meet Lancashire cotton industry-with king 12 contracts.

Contract No. 8 closed 2 to 3 which Britain's rearmanent bill.

members of the be

Manchester Chamber overlooked,

of Com-higher with sales totalling 342 It should hat moreover, that Britain was the inerte are vitally concerned and contracts.

Contract No. 4 (warid) first of the 18 E C.A. countries with which Mr Burdsley dwelt

430 nominal March voluntarily

May with ut same length in the course of

4.30 nominal diapense

4,25 Marshall Ajd, and that if it had his address have obtained all the raw cotton has required and utilised during the past six years?

Not from America, because we would not have had the dollars July

to

not been for stockpiling, rearma- of oil ment and the cessation production and refining in Persia,

4.33 bid

435 naminul

July

September November

Sput

May

4.30 Contract No.

5.20

Tokyo Review for the purchase of cotton and November

Of Policy

September many other raw materiala and į Spok food.

SOLID VOTE

5.48

United Press.

that the sum involved is "about" Chile

Columbia £8 million. If this is correct, Cuba.

Heru.... equivalent of roughly 33, 244d, a lb.

This

means we shall be Uruguay parting with rubber bought lass Venezuela

FAR EAST year at prices over 4s. a 16. uti india

Pakistan a loss of upwards of 10d, a lb, on actual cost, or 21⁄4d. lb. on Hongkong the replacement cost when the singapora deal was made.

THERE ABE LIMITS Why

could not the United States have been referred to the open market, or at least charged full replacement cost plus? asks Now Commonwealth,

There beyond. which

Bro

surely any

alone.

Iiralts

British

Government, let

૫૦.

Indonesia

Japan

100 yen to USII -United Freak.

LONDON TIN

MARKET

London, Feb. 20. pledged to uphold free enterprise, Prices of Un were lower this aught not to go," it contmues. morning. Turnover was 90 tons. "The transaction is the more Prices closed at the end of the surprising when one considere official morning the disparity between the cost follows:---

Business done at

scrsion

most Sterling commodities Spat tin, buyers Imported by the United States Spot Ullers and, that of the muln American Three-months tin, buyers dommodities Imported by the Thres-months un. setlers United Kingdom.

of

Cotton Futures In New York

"If the "Americans were to pay the full current market prico for rubber and tin they would

Business dana at Bettlainant

It should not be overlooked Tokyo, Feb, 28.

that Members of Parliament of A supreme economic con- ference on Thursday will re-all political parties voted over

whelmingly in favour of both view Japan's prestit economic

American Loan ----- which policy. The meeting

will be the

largely by

wartime attended

superseded tho Premier, Shigeru Yoshida, tho Finance Lend-Lease--and Marshall Ald.

New York, Feb, 26, Minister. Hayato, Ikeda, the They did so, it is pafe to Buy

Colton futures closed today Minister of International Trade, because they all knew, and a

around the bottom levels and off still be paying far less, in relation Exchange and Industry, Ryutaro Takaha-low said, that the nation would

be

in danger of

with-30 to 76 points. bankruptcy shi, and Director-General ideo

and that mass Side of the Economiy Stabilisa-out them,

unemployment and hunger

would Bon Board.

otherwise trade Representing private

result. It is dimcult to appreciate eireles, the economic adviser to the Premier, Jiro Shirasu, and what Mr Bardsley meant when

observed top financial lenders will attend ho

that without "haye' the meeting. High on the con- Marshall Aid we could

to

ая prosperity ference agenda is the problem at fought back

we how to adjust the present fought back in 1940 to solidity." economic policy lo mset the Just as in the war years we

proposed American economic co-operation

Bpat Burcht May Tuly

October December Miren (1953). May

41.10 nominal

40.80-40.00 30,70

30.43

30.16-30.20

50.0 nominal

July:

"as

215

€ 200

1000 P U

So @ 27,14

4000 621,DU

Telephone 17.10 17,20 3500 64 17,10,

INDUSTRIALS

Cement

Ropa

STORES, ETC.

Dairy Watson XD

COTTONS

1000 17

100 * 1784

2494 30 245

10,70 20 1300 § 1920

MISCELLANEOUS

Ewo

Entertain-

iment

HK Construe

tion (0) 315

257

33.20

215

Criticisms

Of Delay In Budget

London, Feb. 20.

The postponement of the Bude, 1 for a week was general- ly criticised In this morning's Press.

Mr Crookshank announced in the House of Commons yester- day that for various reasons, found impractic-

it had been

able for the Chancellor of the Exchequer to open bis Budget

on March 4 and that it would naw be presented a week later, on March 11,

Lord

Express

Beaverbrock's

Daily

asked in an editorial today: "Why has the Budget been postponed" and complained that the Government offered no explanation for its conduct,

Mr Crookshank made bald statement of the postponement and added nothing more, the newspaper gild

The Dally Herald (Labour) and commented: "Fumbling

become mismanagement have

in characteristic of the way which the present Govermin. conducts its portizmentary pro- steel bili Is gramme. First a announced and then postponed Indefinitely.

"Next, n health service bill

For

is to be ready for a certain date and is also deferred. Now the Dunget itself. axed 9724 March 4, is put off Ull Murch

204-Reuter. 971

UTL

DU

United Fresn.

Rates

Business was done in the focal

this

to pre-war, than we have to pay for cotton, tobacco, sulphur. softwoods or motor spirit. We unentelal exchange market cannot unda what has been done. reorning at the following rates We can 'and''must, avaid such 1.U.S. dollar (per $3) blunders in the future,"

-(London Express · Seroles}"

8. AMERICAN OUTPUT MATAN shamión, 22 (167)|| The Agriculture Dapartment

Indoneala guilders iner. 190).. Siam ticata (par 100).le „Singapore (stralia)

|HIC pigures (par. (09)

27.50

1.745

12.00

Japanese required weapons and equipment NY Bank Quotations ward in the production of natural JAPANESE BONDS

proto

to prosecute the war, so in mid-

gramme-France-Presse.

1048 we required dollars and materials to keep, the wheels of New York, Feb. 20. industry turning and to buy. Copra was quoted today at food for the austenance of 60 $130.00 per short ton, Cocoanut million Britons. We could, nur oll was quoted at 4 conta a have obtained them without pound, asked. Unite3 #Press; American assistance.

"

rubber in the Western em! London, Tel. New York, Feb 20

iphone. Closing tank quotations;

fubber research finder the agaŋesa) bond Joint arked, Point: Sour Programs Jorge Bank of America 30 bld. 313) on in 11 Latin American coun

.103 Chase. National Bank 30% 41% 4rios and includes some 35,000 National City:Bank 474 404 acres of new hybrid rubber tres.

the "Hevaa" typo.

Associated Press

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DRECT

Fart Regular Trans-Pacific Service

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F43

Arrives

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Francisco

Mur

· Mor.

Penang & Pork, "kwaslanham..

TRADE WIND”,

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