MESSAGERIES 10 MARITIMES
M
"LA MARSEILLAISE”
"MAPLE BILL."
IMORTAIN"
İZELUDJA"
"LA MARSEILLAISE”
"BEAUVAIS"
Aotong Leaving
Mur. 21 Star.
Abr. +
Mar... tá Apr.
1L Apr.
ཎྞཾ May
passengers & freight.
1. freight
M
Milward For
30 Manila, Yokohama &
5
Robe
Homeward For
Mar. 16 N, Airlea & 'Europe Apr N. Airtra & Europe Apr. 12 Marselles via Mahila atas 4 N. Altra & Europe
for Saigon, Alexandria, Tunis, Genou, Marreilles, Algiers, Oran, Tahgier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.
Subject To Change Without Notice.
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong
Queen'a 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.
"TREIN MAERSK"
*M.S.
"PETER MAERSK"
M.S. "NICOLINE MAERSK”
XX Calling Vancouver.
ARRIVALS FROM U.S.A.
M.S. "NICOLINE MAERSK”
M.S.
SALLY MAERSK"
M.S.
"OLUF MAERSK"
Mar. 16
Apr. 2* Apr. 16
235
Mur.
16
Mur.
Mar.
27
For Freight and Further Particulars. please apply to:-
AGENTS:
JEBSEN
Pedder Building.
Foreign Exchanges. In NY
Canada
Englund
Australia
New York, Mar. 11.
wit kotke, t
3-day tultures
-
How Zvel (21
South Africa
Belgifts
Fatures
US${!
2.78-3/16 232 bid/ 235 asked
27724
751
77
27
Denmark
Falke
West G, LA
Sulland
ብሃ'። 1-135 608-9/10 420
2434
USIN
...
1-17
(370
11373
DOS
Norway
Portugal
Spols
Sweden
Switzerland
MIDDLE EAST
Egypt
3 BA'
Iran
0325
Iraq
201
Tuckey
LATIN AMERICA
Argentin
Bea
Bolivia
Cite
Columbia
Muxico
Peru
0540
--
0115
AINA
100
1155
UGAR
Urogy
350
Ven zuin
FAR EAST
India
Pakist
nekenk
Indioteesia
fingapre Japan
250
1700
15
3370
338 yeuxUS$1 -Untied Pe
New York Sugar Futures
New York, Mar. 11. World sugar futures closed to- day 1 to 3 lower with sales totalling 28 contracts.
Contract No. 0 closed 1 higher.
to 3 lower with sales totalling 1,843 contracts.
Contract No. 4 (world).
CO.
Tel: Nos. 36OGG-9.
Unexpected Buoyancy
In Cotton
THE CHINA MAIL, WEDNESDAY, MARCH 12, 1952.
Oil Mission Returning
London, Mar. 11. The British oli mission
to all-bearing areas of the Persian Gulf has ended
indy of problems creased production there and will return here to- morrow.
The lion will report
to the Foreign Secretary, Me Anthony Eden, on its month's four of the region In willch they visited the Independent Sheikdoms of Kuwait,
Gator Habrein. And Shahjah, and Riyadh in Saudi Arabia,
Sir Roger Makins, who led the mission, is now in Athens on his way back to London where he is due tomorrow night. 11s main task was to study coil- lous at first-band and to discuss the situation with local rulers-Reuter,
STERLING AREA AND JAPAN
Talks To Be Held In Tokyo
Tokyo, Mar. 11. The parties to the Sterling Arva-Japan payments agreement will meet here this month to review the financial trends under the agreement.
Excessive Taxation
Of Ship Industry May
Serious Effects
Have
London.
Last week the Chamber of Shipping dealt with the excessive taxa- tion of the shipping industry. International in its operations, shipping js, perhaps the one industry which should receive some consideration from the Government, says the Liverpool Journal of Commerce.
Failure to create reserves to replace ships, with
wages and spiralling upwards from mouth to month, can mean that Britain will have obsolete fleet of merchant ships 10 years hence, oil tankers excluded, at a when the foreign shipowners will be operating' modern flects built by Government subsidies.
It must be admitted that these overscus shipowners and their Governments, who look upon our food sub. sidles as a direct subsidy to our shipbuilding, have some justification for their own subsidy policies.
ROYAL
"TJISAUANĖ"
"TJILUWAN**
*STRAAT
MAKANKAI" PRONBEVAIN"
"THKAMPEK”
"TJWANOT"
"CASTWAY"
TARMAN"
**TJIBOBAB”
EROCHAN
IN
BAILIN DR.
Mlar. With
Mar 19411
Mir CULT Mar. 22nd
Mar 27013
*Apr, 2nd
Mar
APE KIN
"STRAAT BOENDA" APE. th
"TJILUWAME"
"TEGELBERG"
STRAAT materiala
MAKASSAN” TARMAN"
"TAIWANON". time
HONGKONG
SHARE MARKET
Heavy machinery products., If the men under their adgle accuring the United Nations pay the same attention to det Econemle Commission for
lution as the shop stewards Europe (ECE) are in re hope the departmental chiefs in! European countries lower in Waltchall will pay to The 1 have passed i they resolution they export prive today than.
then were before devaluation in the pleading for more steel.
might at last bo well with Autumn of 1949.
us in many Industries, that of Many
Ior account reasona
the motor-car included. this seeming paradox; prices of inished goods are usually stow to reflect
the the changes in
1: spite of the difficulties! cellons- cost of materiais and of labour.
SHABES BUYERS HELLERS SALES Prices of heavy machinery witich beset car ceotomy
LANKS goods have risen only moderate-ve given
COLOMBO PLAN
in relation to other commodf-the Colombo Pian will he sup-
ported to the extent of GU ties.
According to the ECE, the levpacity in supply heavy gondiz, average dollar unit value
for of machinery especially,
development of utilities, British machinery exports the third quarter of last year was approximately 20 per cent. below the level
of the nine points months preceding the
per tical cent,
of devaluation
Storting
in
it
SE
Asia
"TJIPONDOK"
“TJILUWAH"
*TEGELBERG”
**TJIKAMPEK"
"RUYS"
TJIWANGI".
"THLUWATE".
""TJLUWAK"
"STRAAT
MAKASSAR” *THWANGE
(From Our Correspondenti
Business defe ca the Steek) Exchange this morning amounÏ-"} “TARMAN" ed to $449,707. Noca
quoic- lens and the morning's trans-.
POCKS, ETC.
Apr.
131
Apr. 16th
Apr. 23h
spr.
Bư
Apr. 2K1
Muy 2nd
May ቈ∎ኩ
May th
May 1700
May 27th
June 2nd Jule 201
Jisne zich
mia, Katitis, tanga, Zalit sthar, Bar-es-Salaam, 5. Atrica
& S. America
Hingapore,
jakarta, Semarang,
Kurabala & Maensiar
Japan
Siakaporo, MAMY FORUM.
1. Atslea & N. Kuurileu
Jakarin, Juston, MECAFADE,
murabat A Mensxar Singapore,
Sprahat A
njakasta,
MANNAC
Singapore, Penang & Belawan Bell Japan
Nikuuta, Bingapore," de S. "Altea
Djakarta. Tilteban, Keratatta,
Sugababa & Marnstar
singapark,
Surabala & Macapat
Japan
Semarang,
Máudila, finganore, Maurling, P. & 8,
Alfies 2 8. Anterieu Shujajite, Penang & Betawao D Signinore, Jakarta, Setaurang,
"Súrabila & Maengine Djakuzia,
rievan Semarang,
kurabals de Macassee Singapore. Dakarta, Bernatang,
*Kurubala & Marassar Manila,
Starapore,
Maurition,
.8, Mitra a 8.
Djakorte,
Surabala & Macassar,
Japan
Singapore,
America
kayla. semayang,
Djakarta, Semarang,
Surabala a Maraskur Slagagr
Mirabala & Macassar
From
ARRIVALS
Mar. 120
Mar. 18th
Mar. 290
Apr. 7th
stacanar, Strabain,
H.
Sombrang,
Africa,
Djakarta & Singapore
America, E. & S. Mauritius, Singapore & Mundo,
Surabala, Semarauk.
Macassar,
Djakarta & Singapore Venant. Belawan Dell, Palembang,
Djakarta & Singapare
Ceneral Agents,
HOLLAND EAST ASIA LINE
we
an assurance that
IK Bank XD 1400 1490 45 6 1989 Bast A..
140 INSURANCES
anton...
"Co
the
urlust
ik, Fire
730 150
760 BO W 150
SAILINGS TO EUROPE
δε
SHIPPING
ARENDSKENK"
Apr.
+
Mala Nav
1.70 1.75 363 1.70 “KIELDRECHT"
May
106
"AAGTEKENK" "HLITAR"
7th
7th
July
1034 Provident XD 18.50
200 37
SAILING FROM EUROPE
500, 41
"KIELDRECHT"
Halled E.
Sails Rotterdam
5th
Hoogkong
Apr. IDEN
"AAGTEKERK"
Apr.
5th
May 2016
May
2nd
June የኳ
Araj 2Ext June
July 4th
2nd
Aug. 7tk
Expertence today Father
a delay in the pre- of the no- operation
countries con- Cgramme in the
the Govern- What cerned in ments are not yet ready to re- ceive the goods promised.
30 the
the
ROL
the
ina
Stating this here today, a United Kingdom Liaison Mission spokesman said that the review discuss wouki he
10 purely financial trends and would in na
In term of Sterling, on way be a trade conference.
Sterling Area representatives other lund, prices were 16 pe
new cent, higher, on Increase here told Reuter that they knew
ent unicient enough to offset of nothing to confirm frequent
which 30 per cent. loss Japanese newspaper suggestions -that--full-scale-trade-con-cut by devaluation meant.
An adjustment in eesting is ference would open
month.
much that as
in this necessary Reports had suggested
in the costing The Sterling Arc countries a respect as
food subsidies. Jepan were to get together t work out trade arrangements, lo case Jupan's mounting Sterling balances, which were reported now to be in the vicinity £90,000,000. Jupanese
this
af
trade eireles fold Renter that Japanese officials at the coming payments review were likely to make an issue of this big Sterling unbalance,
thest
MARKET FOR CARS
at
Serious consideration should be given to this phase of our
more
In another direction, however, the plan
operative. This is in the training of civil servants art technicians for future duties.
For instance, New Zealand is Meying her past In
carryl cut plans for cecnomle develop- ment and assistance.
A Pakistan agricultural mis- sion recently toured research col- stations and agricultural leges,
dairy
factories an: institutions
on thu islands.
Civil servants
from
exports. costing. systems: similar
machinery is Gt most valuable
13.
K. Whart N. P. What Dock
Wheelock 435% LAND, ETC.
IK Hotel XD 720.
HK Land
Humphreys
XD UTILITIES
__Tenin _ XD ...........15.63_
ed
3000 GA
10007.10
"BLITAR"
"110OGKERK”
35007-23 ARENDSKERE"
12
200010,15,50. 2000 / 1560
KIN CHIN
FAGET
500 15,00
500 y 15.05
1000 @ 15.70
24
Teak Tran
12
Star Ferry
Peak TraITI
(0)
2. Light (0) 8.30 HAS 242 O
2000 PENINSULAR
อ
1000 1.
3000 $.40
C. Light (N) 5.83 Electric X 2015
Telephone
334 2200 vs 23
2500 * 2015
- 132 ve 201,
16 16
50 of 150
iten in currency earning now Pakistan, Thailand, Indonesia that the world, as a whole, and
countries the dollar countries. particular-and other East Asian
courses in haz slackened its
500 100% demande to take training cour
public administration at Vie-DUSTRIALS At the same orta University for our textiles.
Cement |XD 14.20 1415 1200 6 14.10 College, Wel- Chancellor time he
and find h15ington.
Later, those students STORES, ETC. colleagues at the Board of
Dalry ... 187
500 2 10 will be posted to New Zealand Trade and Ministry of Supply
Watson XO departments for L. Crawford government should see to it that the motor
practical experience.
COTTONS car Industry be given greater allocation of steel.
A FUNDAMENTAL They were likely to ask for assurances
the Sterling | Cousas that
takt would Area countries definite steps to wipe out the bulance. These circles said tha: Japanese were likely to re-inclusion of the Sugges! former dollar settlement clause,
Summer hoped, This, the Japanese would cause the Sterling Area countries to strive harder to keep experts and imports even. Big unbalances of Sterling to Japan's disadvantage would have to be settled in dollars.
she
is
EW... MISCELLANEOUS
Yangleze... 4.95
24
2514
2.75 3300 or 2.12
2500
The Rubber
Markets
TECHNICAL AID Reports from the USA indi-
Japan is not a party to the cale that in the Spring and the
Not to be left Colombo Plan. be there will
the frults by trade consumer out of tho: lage of durable
and that motor-car which the success of the plan goods,
decided noteen create, Japan has
to manufactures there will
Inaugurate on her own ac- be able to meet demana.
Provided our prices are right count what might be termed a
In which mitter plan, there is a potential
make a once for motor-car exports, and likely to be supported by the However, Sterling Area trade
if we fail to take advantage of United States. ut the 3ware well
In contradistinction con- will be merely it we
April tributing to Western Germany'stand, Japan proposes to ex-Number 1 rubber per tb.
Fa machinery and technicians
May growing motor-car Industry.
Junie bright feature, os is d SE Asin, with the object of
those Number 2 rubber, unusual 030, in the British teaching the peoples in
Aprli motor-car industry,
been reas to create the produce and
Number 3 rubber
April shop materials which Japan needs. which the
For instance,
production of Number 4 rubber. the interest
April lowerds of six unions in Kulfeld OrganisaJon
to spot rubber, unbated are dis-dia's fon-ore industry is
calcu-Black crepe- week be expanded, and it is playing. They met last
New York, Mar. 11.
today Cotton futures
again showed unexpected resilience. In the third day of advances, nearby months reached the highest level in a fortnight,
Summe beers were still kep tical of the market's ability to
Farm in
of poor textile trade accounts but they are unt preasing, in fact, some of them intilled the
clrcles. setbacks to enver, A cautious raterie said they Japanese desire for re-loclusion of the dollar seitlement clause,
·wanted to take a new look at
teen the situation. Markei
unanimously opposed techni-have cians were searching for a
to the Iden. 'reason for the suckien buoyancy
They say that a fundamental of the Sterling Area trade with However, chart readers supposed that the market may have com Japan is that no dollars can be used in purchasing Japanese pleted e process of consolidat. Ing dat er
products-Reuter. decline.
the
recent
Breeing up in March contract
counted for a
a good portion of the trade. Opth contracts in March at the end of trading totalled 145,000 boles. Certi- Rented stock approximated 55,-
bales, 300
Delivery polices for 5,400 bales were taken up by spot interests.
The market opened up 14 to 24 points. Apart from a mid- afternoon setback under realising and hedge selling, the market showed an overtone of stendiness throughout and closed on a rally to show net gains of 17 to 32 points. Prices closed today follows:- Sout March May July Delcber December March (1083) May July
October
December
NEW ORLEANS
Spot MATCH
May
July
MBY
July
4.43
September
4.40
November
4.49
Spot
4.3
Contract Nʊ, #
May
5,74
July.
Bay bid
September
5.50
November
-0.03 asked
Spot
5.75
United Press.
Pepper Market
tendency
Arch (1033) May July
sakan
Grain
Prices
In Chicago
New York, Mar. 11. Prices of grain futures closeri today as follows:---
Whirl-ce per bushel
Ay
41.35 49.05-40 07 40,10-40.12
30.00-20.02
36.21
34.05 nominal
Spot Merch Blay July Spiomber Diversber
tien Spot Barcla
July September December
Itye Mnich May
Starch
py
40.25 40.83-40.04 40.00-10.00
30.10
33.40
30,19 bil
38.65 nominal 30.45 bid
MARKET
IMA PODE
35.87 bid 33.40-35.60 United Press.
FIRST FLIGHT POSTPONED
Talpel, Mar, 11, Formal New York, Mar, 11.
inauguration of
trame Spot pepper held firm today regular le
bbtween on a basis of $1.52 to 1.63 Korea and Formosa has been pound in the local market, but postponed for a fortnight, Civil aflont supplies and shipping Air Transport revealed today,
The CAT spokesman showed a softening
said as buyers held aloof.
of the inaugurni postponembni Supplies awayed steamer
release from fight, scheduled for March 12, was caused by the fallure of the around Kon qiloted ht
Korean National Airways to and supplies from the complete its
preparations, due
10, The now service will Sicro Chemise it on Marcel from a Chington resellera indicated Mitch shipment under which CAT topre ment at $1.10, April $1.15 and sents China and May 1.15, all on an ex-dock National Airways will represent
Korea United Press, basi-United Pross
the recently
Steel Age were
$3.00
the..Korean
2.535, nominal
1.87 puminat 1629 1.23-1.00 1.873-1 1.84- 1.744-
20434-2.03 1.03
65 asked 07-07 New York Baur-per 200 b. Gaelt $12.50-United Press.
LONDON
has
the
to
Singapore, Mar, 1. Priezs of rubber futures clesid New today as follows:---
150.
107-108
be
could ba
104-105-
00-101
70-111 135-140 -United Press. LONDON MARKET
Atrives
13410 28017
TELS: 3025 25033
& ORIENTAL
STEAM NAVIGATION COMPANY
R.M.S. "CORFU"
SAILS:
NOTICE TO PASSENGERS
BAGGAGE:
FRIDAY the 14th March at 12.00 noon. for the UNITED KINGDOM 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 THURSDAY the 18th March, 1952.
2003-010-5 | SPECIAL NOTE: With the exception of hand packages carried by passengers themselves, AEL BAGGAGE must pass through the Wharf Co.'s Godown for fonding on board by ship's slings only.
London, Mar. 11, Prices of rubber futurda closed today as follows:--
and passed a resolution "view-td that after three years of Nu pale crepe
with alerm the situation Japanese activily she will
1,500,000 with regard to short time and able to count upon
expressing teas of such ores annually. unemployment, and
also Iron-ore On great concern at its effect
This resolution is divileged in Malaya. Inconesia all workers. to be followed by a real husds could supply coat and nickel. EAST AFRICA TO RESCUE. whatever source. o get, from
In this column it was stated mare steel allocation.
recently that Japan
GERMANY'S GAIN
Was
Number 1 rubber, in cents.
per lb.
April
Miny
June
30 Apl/June
Bri- July/September longer anxious is sell to *** October/December tain or to the Sterling Area, as the proceeds merely mount-
2214-30-EMBARKATION:
3122-02-12
31-31-1
314 31
319%-30% 212-29
United Press.
Cur lees can be Germany's falu. Last year Germany Intel up in the form of unrequited Exchange Rates
creased her exports of motor-exeris, Britain is unable cars and vehicles. Her producppy what Japan needs, but
Business was done in the local Us comprised. 372,000 units, East Africa has, come to the metric exchange market
in 1950. Ex- agalmat, 304,000
resenc by
morning at the following rates:-~ sending
U.S. Bellar (bor ) ports W
and materials, in which before were 120,000 units
the Sterling note (per 10,000 units respectivel
war Japan had been firmly iticst of the
ront-tablished.
New York, Mart 11,
Dow Jones averages at the end of the Stock Market scision stood as follows:-- ·
Will take place on FRIDAY, the 14th March, 1952 between 9.30 a.m, and 11.00 a.m.
ESSENTIAL SUPPLY CERTIFICATE
J
raw
es-
sisted
of private motor-cars, of which 75 per cent.
were
ex-
TIN
is reported, will Japan, it extend her Sterling purchases ported. Of these exports, 70,000 by taking 30,000 bales of Ugan- went to European countries, in- da collon each year, also 2,000
lo cluding 17.270
Sweden, bales of Tanganyika cotton and 17.159 10 Belglun 13,000 to 5,200 tons of hemp and Switzerland, 11,000 to. Holland, rem Kenya.
to
France, 7,000 and even
In addition, Japan German car where the compete successfully with French product in the if rost.
FIC plattres (per 100)
Indonesia guilders (per 100)... Siam tienly (per 100) Singapore (Straits)
6,7)
201
13.23
NY Stock Market
sced
proposes
can
to increase the matter
copra from
her purchases of Melaya, from F and
30 industrials
81.27
20 ralls
49.49
Overseas
16 utilities
00.48
40 bonds
100,00
COLOR-
abic
-United Préks. ·
Such
on our
DIRECT
SAN FRANCISCO, LOS ANGELĖS "
MARKET
cundnuts from the
Bcd Corporation, and
to beans from West Africa.
ens
increasing
Had Britain been sell such quanties of cars
ading should considerably re the European market,
in duce ner Sterling balancei London, Mar. 11, record in the European PayLondon and enable us to buy
Unich would have was steady, menta The tin market
from Jogan, against been different, and our deficitats to with a turnover of 100 tons, of which 25 tons, were for conti.
in EPU might conceivably have, Prices elesed at the end of the been the surplus which Ger- and other Sterling Area official -morning session a many at present enjoya, follows:-
Spot tin, buyers Sndt titt, sellers Einen done at The co-mesthi 17. buyera Three-cuties in, sellers
Business Nons et, BMÜZMPAL-
012
08215
United Presk
Seeds And Oils
A MODEL
work and longer Harder
Germans heurs put in by the compared with our labour, force in the motor-car industry can- not but result in gidater plo- duction, et a lower price.
catcitrics,
her from
Cominon-
JAPANESE BONDS
Landon, Mar, 11. Japanese bands
"A" (48. of 1809) "B" (48, of 1910)
09 -584 1001 78 "D" (58. of 1034).....
(88.01 1034) ...... 122 **
(68 of 1007))
United
· DECLARATIONS
Forms 3, 4 & 5 as amended by the
Government of Hong Kong
NOW ON SALE
at.
SOUTH CHINA MORNING POST LTD.,
Hong Kong & Kowloon,
These amended forms are now in force.
Pacific For East Line, Inc.
Fast Regular Trans-Pacific Service
OVERLAND' NEW YORK-CHICAGO-DETROIT-TORONTO MONTERAL AND ALL, AMERICAN, &
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Guam, Marinas Islands, Afloronésian Islands Regular Service direct or with trayshipment.
Batin
Vouni
From
Arrives
For
"WILLIAM LUCKENBACH-
San Francisco
*TRADE: WINDS
San Francisco
Siralta
Mar. 1
MAR. 23
Apri
.Mar 17 Singapore & Penang
Mar. 23.
4
Apr
San Francisco & Los Angeles'.
||Ban Francisco" de Los Angeles
The shop stewards of those Congols J...
Oxford,
and this six unions at
olson here, Now York, Mar. 11. injunction appiles
New York, Mars 11.1 Press in the seeds and oils might fake Hoice of this ainte market closed today unchanged of affalls za between dormany Copra was quoted today it LAN LUCKENDACHT with the following exceptiona: and Brilain, and pass by $130 asiced per short ton. Cocon- Poznu Oilner lb. F.O.Bellary resolution viewing with nut oil was quoted today, at Now York, 13% cenis-United alarm the lower rate of produc- - cents nominal a pound-
| United Press. - Press
tivils.
For full particulars: sali United States "Lines Co., General Agents, Queen's Building, Teli 28194,
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