1952-03-20 — Page 9

THE CHINA MAIL, THURSDAY, MARCH 20, 1952.

MESSÄGERIES M

MARITIMES CUTS

M

· "JEAN DUPUIS”

Arriving Leaving

"LA. MARSEILLAISE"

MAT. 21 Mar. 20

ARE f Mar. 31

"MAPLE HILL"

Apr.

"ZELIDJA"

"LA MARSEILLAISE”

{"BEAUVAIS"

.-

Outward Vor

Grigati Haiphong & Yokohama 4 Kobe

$

itomeward For

Apr 3 Apr.

N. Africa Europe

Apr. Apr. 11

12 Marellies via Manila May 1 May 2 N. Africa & Coope

More Meat For Britain

meat

Buenos Aires, Maz. 18, An Increase shipments to Beltain will bring them wohl 15,000 tons of

200,000-ton the fatal by April 21,

23, under

the

present agreeinent, trade quarters said today.

It had earlier been pre- that shipments would fall short of this target by 50,000 tonn.

dicted Genoa,

† freight for Saigon, Alexandria, Tunis,

Marseilles, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.

Subject To Change Without Nottre.

CIE DES MESSAGERIES MARITIMES P.O. Box 63, 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. "PETER MAERSK"

M.S. "NICOLINE MAERSK"

M.S. SALLY MAERSK"

Calling Vancouver.

M.S.

"SALLY MAERSK”

M.S.

ARRIVALS FROM U.S.A.

M.S.-"OLUF-MAERSK"

"LEXA MAERSK"

Apr,

2.

Apr.

Muy

16 2

Mar. 25

Mar. 30

For Freight and Further Particulars please apply

AGENTS:

JERSEN

Pedder Building.

&

on

British ani Argentine Alicials

met earlier this month for preliminary die- cussions

negotiations for a new meat agreement, Argentina Is. asking for 5700 ton for, meats about double the present price. Reuter.

JAPANESE

PROPOSAL TO INDIA

New Delhi, Mar. 10. A Japanese industrial mission to India has proposed that Japan should buy a million tons of iron Gre annually from Indlin and a large quanlity of cutting coal in retmen for Japanese technical services.

The leader of the mission, Mr Taizo Ishizaka, zaid today that the reaction of the Indian Gav- enment seemed quite favour- able 10 The proposals, under which Japan would send a team of technicians and skilled work-

ers,

These would help develop

Mr Ishizaka sald that the

IN EMPIRE TRADE Widespread Criticism By MPs

Reconvening

Of Economic

Conference Suggested

(FROM OUR OWN CORRESPONDENT)

London, Mar. 19.

A number of Labour Member: have put down a motion calling on the Government to reconvene the Commonwealth Finance Conference.

This follows the recent Opposition criticism of the drastic cut in imports imposed by the Australian Government.

Mr Will Nally, MP., secretary of the Parlia- mentary Labour Commonwealth group, told me today that the motion which stands in his name has wide support among Labour MPs.

Page

ROYAL INTEROCEAN LINES

SAILINGS

To

MAATEUERE,

8. Atrion & 8. Amertes

ттифом,

Buradala 4: MacassAE

"HOISKEVAIN"

#TIKAMPEK"

"STRAAT

MAKANBAR "THWANGI"

“TJIPONDOK"

"STRAAT

MAKABBAR" **TJILUWAR"

STIKAMPEK"

דון . *

וכן

Bjakarta,

Djakaren,

Semarang.

Bemarang.

Semarang,

Burebala & Macanine

Singapore & Kau Akra

Japan

Stänila,, Slugapore, & A. Africa

JUKATA, Tjirchor,

Bursala 4. Maramat

1)Jakarta.

7

Ningapore, Penang & Belawan Dan

|Buribiladi” Blackstar 17Jakarta, ép reton. Hemarang,

Kursbala & Macassar

Manila, Singapore, Mgaritine, 5. Africa

8. America

Singapore.

Djakarta,

"Kürengja A Macassar

Hemarang.

jakarta, the hon. Semarang.

Kurabala & Markinary

Singapore. Djakarta. Semarang,

Миравди 4 Масазват

Manila,

Küngapore, Mauritius,

5. Aftles & B. America

Tjirebon,

Sematkan,

Djakarta, Rendaring.

Remstang,

Sumbata Macassar

"Surabāta (46) Macassar singapore. Ojakurta,

– Surabela, &- Stacassar afanita, Singapore, Africk

Penso

Mar. 20th

Mar. 201

Djak

Apr. Inst

Japan

20

NIRZANOATE,

MVAN HEUTEZ"

Apr.

30ta

*TASMAN"

Apr. KIL

*STRAAŤ SOENDA” ADE.

KI

"TJIBODARYT

Apr.

1.40

***THLUWAH"

Apr.

Singapore,

burabain de Machandr

STEGELDERO"

Apr. 25th

Japan

"TASMAN"

Apr.

28111

"NIWANGI"

May

201

Singapure,

May

Blav Bth

May 14th

May 27th

**KUYS" ONTJIWANGI"

June

tod 2nd

Japan

"TEGELDERG”

"TJIBODAS"

→THLUWAR"

"THWANGI" OTHPANANG

June

June 13th

Fijakarta,

June

July

July

160

Fate

ach

ARRIVALS

Mar. 20th

MAKASSAR" "TJIWANGI"

"TASMAN"

Stur. 29th

Apr.

7th

Pening

the Stock "TULUWAR"

Apr.

13th

Maraviar. Nurabala,

Djakarta & Singapor

to $233.384. Noon quota-

General Agents,

I

HOLLAND EAST ASIA LINE

HK Bank XD Ear Asia ... 240

1470

SAILINGS TO EUROPE

the

INSURANCES

"ARENDSKERK"

Apr.

eth

Canton Union

253

KIELDRECHT""

May

750

10

7:10 "AAGTEKERK" **BLITAR"

June

Ith 7th

July

SHIPPING

1.79 1.75

SAILING FROM EUROPE

Jali Rotterdam

Arrives Fongkon

80 200

"KIELDRECHT"

Nailed Bar,

5th

Apr. 10th

"AAGTEKERK"

Apr.

5th

May

10th

May

204

June

ค

May

24th

July

June

md.

Aug.

while it would not be grucikal

to policy

reconvene the Conference, Commonwealth

should be some positive netion

the provent

more taken to

its dirastic in"

of consequences to decisions.

It describes the recent action taken by the Commonwealth Kovernments as a result of the decisions of the January finance talks as "mutually destructive policies of trade discrimin and asks the Government.

ull Conuhou- reconvene the full wealth Economic Conference to reconsider its earlier decisions,

effects of Concern about the

within impert cuts

shared Commcwealth is

sicles of the House of both

Several Conserva- Commons. tive MPs are of the opinion that

the

Dry-Cargo Charter

HONGKONG SHARE MARKET

(From Our Correspondent) Headed by Mr Christopher

Business done on Hollis, MP, they have put down Exchange this morning amount-

al!

an amendment to the Socialists' ed which excludes mattan careference to import restrictions tions and the morning's trans-

and implied, criticisms of the actions- Commonwealth governments) and calls on the Government to e every influence to proinote cy free ch Exchange of goodi between all nations Cammeow2a:ir as possible."

Rates Down

-India's iron-and-steel industry.. Apr. 17

New York, Mar. 19. For iba third consteutier ore from Initia was lack of month, charter rates for dry- to:-main dificulty in obtaining iron

transport facilities, and ship-cargo ships plying the world's ments to Japan would be con- major trade routes declined in siderably eased it better rail February, shipping circies sairl, ast port facilities could be developed at Calcutta,

COD.

Tel: Nos, 36066-9.

American Action

Arouses The Rubber Industry

Singapore, Mar. 19.

associations, The entire rubber trade circles - societies, big holders, small holders, dealers, planters and tappers are up in arms against the "series of measures introduced by the Ameri- can Government to strangulate the natural rubber industry."

The

Norwegian

Shipping News was quoted by the New York Journal of Commerce saying that rates for single 155.A (July- trips averaged

1947: 100) in December,

Japan badly needed Iron are. he declared, because her pur- chases from the United States were very costly.

The mission, which arrived

days here eight

on ago month's tour of India, is leaving { points fer Bombay tomorrow

week's visit-Reuter,

:

for

Foreign Exchanges

1

In NY

New York, Mar. 15.

US$ 1.00

Canada England-Metal

unofficial...

30-day futures 90-day futures Austraila

In Singapore, leading rubber traders sent cables to United States trade and industry leaders New Zealand

of United States' urging that reconsideration

rubber policy was now imperative.

warned

They

that any chases only to certain stock further big drop in the price of grades; rubber would greatly dampen the enthusiasm of the rubber

tural planters, who

WE72

2. Refusal to buy more na- for stockpiling rubber the men purposes and freeing the rubber holding the network of defences

only in name. in the fight agains, the Malayan. Communist terrorists.

MENACE

Itelstium

Italy Norway Portugal

2.01

A

2.55 bid/- 2,38 asked

2.00

2.18% 2.245 2,00 2.80-3/16

South Africa

0193

Denmarkt

France

1435 .0028-9/16

West Germany

4.20

Holland

2630

.1405

0320

Spain

.0265

Sweden

0033

Switzerland

2291

Middle East

2.0014

and

Iran Traq Turkey

03125

2.41

5373

Latin America

Argentina

.0725

Lho

Brazil Bolivia Chile Colombia Cuba Mexico Peru Uruguay Venezuela

£600

0118

4005

1.00

1785

.0055

3059

3603

Far East

India

2110

Pakistan

Hongkong

.1750

Indonesia

3015

Singapore

3208

Зарап

360 yen

to 5

-United Press,

Cotton

Price

3. Reduction of the selling Egypt price of synthetic rubber At Kuala Lumpur, capital of

fair quantities export of the Federation of Malaya, the active competition with natural

Lio of Working Committee

rubber and:

BERIOUS Malaya Trade Unton Council

4. Introduction soup the assistance of the

of a pro- in- American Congal there

further the gramme to expand TO his Covernment fluence

of synthetic by an- waive the restrictive measures, production

tons a your 10- which will seriously endanger ather 100,000 the Malayan workers in their gether with restrictions on

living Usage of natural rubber to struggle

minimum agure. standards.

better for

The note says: "The rapidity of the recent fall in prices and the very uncertain outlook for the

future are causing

concern.'

Krave

The rubbar trade here strong by urge in their cobles to New York that the US Government import and should allow free consumption by American Krades It adds "A fair price for rub-manufacturers of all low ber is not merely essential to of rubber, not required by the the welfare of the people in the General Services Administration, The general theme of the country, but also to the success of the anti-Communist cam- argument is that if the price of natural rubber is still forced paign."

At Penang, the Penang Rub-down, it will seriously leopar- ber, Trade Association urged diso the British Government to make struggle for better living sian-

10 the dards. early representations United Statca Government, stressing the need to pince the "Industry on a sounder basis.

GREAT SACRIFICE

the

Malayan people's In New

as

It also urges the Government to build the Sterling Area

a Beure reserves "to such chall make unnecessary the in- troduction of restrictive mea. the ephemeral to meet fluctuations of inter-Commen- wealth trade."

sures

DANGER FORESEEN

Both Mr Nully and Mr" Hollir! told me today that there is no party, difference over the broad issue of Commonwealth rede.

Both sides were agreed that everything should be done to

le as tree an exchange of,

the Common- between wealth countries as the present situation permitted.

SHARES BUYERS BELLERS BALES YANKS

Asia Nov.

DOCKS, ETC

K. Wharf XD

Dock

Provident XD Wheelock

LAND, ETC.

HK

67

ཙཱཔཱཏྟ

588

1632 177.15 100 # 17

4914

el XD 8.10 1.20 1300 10

3000

5000

3500

Land XD Shal Land Humphreys XD

43 400

8.20 43

UTILITIES

Tram XD 15.10-13.30 500 15

Star Ferry XD

C. Light (0) B

Cght (N 5.40

102

Mectric XD 20.10 40 250 m 2020)

...13441

1000 20

1000030 184 2000

18

14,10

16 10

ETC.

The danger

Coracun,

Telephone however, that if the pritles.

certain Cem- | INDUSTRIALS

Cement XD February a decline of 12.1 implemented by

monwealth countries are allow-

1 X for the mouth anded to continue for the next typ

three lowest in a year, Dry-cargo

critical yeas the resultsromS ship time charter rates only 2.2 points to 222.

30

Daily

L. Crawford

Ewo

100

2.20

ensed might be a complet; aktown -Watson XD

of inter-Commonwealth trade.

In Mr Hollis view there me Single trip charter rites were

two reasons why the present COTTONS the down 18.8 per cent from

desisten MISCELLANEOUS 5 5.0 post-war high of 192 establish policles are open to criticism.

The first is that the desisten ed last November, and the time to make cash member country charter index is 11 per cent un-self-sufficient po far as is ever-

reached in November.

nim

TER

der the high of 249.5, also seas payments are concerned

conflicts with the desires Drastic curtailment in coal of developing the Common-

from America to

its T- curgoes

wealth and integrating given as the

chief tonal economies. Europe is reason for the declining rates.

Secondly,

• restric if import -Associated Press.

tions had to be imposed it was a serious mistake to break the existing contracts without first discussing the

with malter members who migh; suffer from such action,

US Exports

Of Grain

Increased

NOT PRACTICAL?

Vangsze

The Rubber Markets

Singapore, Mar. 19. Prices of rubber futures closed today as follows:- Number 1 rubber, per

April

May

Junie

Number 3

rubber. Apr:! Mr Hollis belleyes it is un-Nunber wise to call fer, the reconvening Number rubber. April rubber, April

of the Commonwealth Economic Spot rubber, upbaled Conference.

Blanket repe

In view of the time needed to No. pale crepe Tange fuli Commonwealth conference

it was not practical

11124-112

110-

1-100 107-10710 302-103 1135-134

70-78 132-137

United Press.

NEW YORK MARKET

Prices

September October

New York, Mar, 19.

rubber of

Washington, Mar. 19. The Agriculture Department policy to insist on such a mezing t:day scheduled 1,983,000 long at an early date, he said,

My Nully and By doing so, tons of grain and oilseed for

were ensuring closed today as follows:- and commercial

Government is colleagues expart in April 01,000 tons that nothing would be done.

It would be better;, Mr Hollis November over the preliminary Increase plans, and also increased the added, to set up come form of December

Jonuary (105 to issued previously

export permanent machinery

February Commonwealth March rehedule for May and fixed the ordinate

policy along agreed April preliminary schedule for June. economic

The April fotal included 200,- lines.

Tune 000 ns of grain for export to India, Germany, 345,000 for

-4

AUSTRALIAN DEFICIT

Canberra, Mar. 19.

Com

35,000 for Israel and 100,000 for the

Tho United Kingdom.

The deficit in Australia's averall April total was an In-

tons foreign trade balance Increased crease of 1,382,000 long 3930

over the preliminary programme announced In January.

York

The May export programme

tons

futures

30.23 3450 nomina}

34.00 bld

12.80 nominat

22.20

31.82

31.45

PAS

United Fress,'

LONDON MARKET

London, Mar, 10. of Prices

rubber futures

May

by A246,700,000 during Febru- closed today as follows:- ary, according to official statis- Number 1 rubber, in pence tics published today.

April The total deftelt for the first | May

per In.

October/December

1 for wheat, rye, ccarte grains

and -olisteda increased front sight months of the present, fiscal Jurie 1,145,000 to -1,301,000 tons, The year amounted to A£316,000,- September

.000. total Includes 150,000

IOT Restrictions imposed on. Im- Germany, 200,000 for India,

ports by the Government take effect only at the end of March,

43/19 nomirsi 41.48-41.50

35,000 for Israel and 100,000 for

the United Kingdom.

The preliminary programme for June totalled 1,355,000 long lons and Included 125,000 for Germany, 280,000 for India, 20,000 for Israel and 100,000 for the United Kingdom United

Indirectly, the rubber trade is

New York, Mar. 10. Prices

of cotton futures Press. telling. the American Govern ment int its unreasonable àju- closed today as follows:--- tude on-rubber will, weaken the Spat

May Malayan people's fight against,

July the Communist menace if it

October December March (1083) May July.

"In view of America's arbi- does not result in a general recommend sell-out to Cornmunism in the trary action,

Government, long run-United Fress, that the British

Wo

should stress that dectindifonal

control was enforced in Malaya

with

in n spirit of co-operation with rent the United States and at great "this part of sacrifice of the

the Association states.

country consider the at-

It

40.34-40.07 37.52-37.74 3715-31.10

37.07 37,07 36,00 United Press, NEW ORLEANS MARKET

40.75 41,47 49.28-40.29. 77.58 37.20-3137.“

New Plant For

*Australia

Spot May July

Deloher

Canberra, Mar, 10.

December July (1043)

fitude of the United States Australia's Supply Minister, the most unfriendly and unreason-Mr Beale, sald today that

dis Government will spend a further able and calculated to organice and jeopardise Maisya's £3,200,000 on completing the

aluminium plant at Bell Bay, economic structure."

The grouses of the Malayan They were anxious that the rubber: trade are listed under plant should go into production moon in view of its defence Your heading he

Ps Entertalent, the resiminden ha well de ie im Jection, claire in purchase con-portance in saving dollars tracts and limitation ppus RouterBaye

United Pream.

Seeds And Oils

A

New York Sugar Futures

New York, Mar. 10. World sugar futures closed today 2 higher 1 lower with, sales totalling 255.com:rnels.

Contract No. 6 closed 5 to 8

will

30-31

-United Press.

LONDON TIN MARKET

The statistic indicuted that the total value of woot exports, during the first seven months of showed t the financini year decrease of nearly 50 per cent

London, Mar. 19. compared with the correspond-

The tin market was quiot this. ing period in the previous year,

Australia's Imports for Feb-morning with turnover of anly. 30 tons, all for. forward positions.

there

amounted

morning ression

"STRAAT

"BLITAR"

"HOOGEERK"

ARENDYKERK"

From

Y. & 3

Africa

Semarang,

#. America,

Stauridos, Singapore & Manila.

Marassar, Surabala,

DJskarta & Singapore

Belawan Deil, Palembang,

Semarang.

Djakarta & Singapore

PATTISON ORIENT LINE

LIMITED

5.S. "LAURE PATTISON”

Due From:

Sails For:

Japan,

Mar. 27th.

12-14 Queen's Road, Central.

3.143.2.5

DIRECT Puran &..

Japan; Mar 31st,

CHINESE AGENTS:

Tel. 25346.

OVERSEAS CHINESE STEAMSHIP CO. 48, Bonham Strand, West, 1st Floor Tels. 26127, 31118 & 31119.

BEN LINE

ALD CATS

FAST SERVICE TO UNITED KINGDOMI AND CONTINENT

BY

S.S. "BENAVON"

Loading Hongkong 23rd March

DIRECT FOR SINGAPORE

THENCE

LIVERPOOL, GLASGOW, DUBLIN,

AND HULL.

ALSO ACCEPTS CARGO, FOR PORT SUDAN. -

W.R. LOXLEY & CO., (CHINA) LTD.

York Building.

Tel. 34165 & 88710,

DECLARATIONS -

000 agelos! A £118,000,000 in Prices closed at the end at the ESSENTIAL SUPPLY CERTIFICATE January, but it was stressed that offelel

werg anly 20 days In follows: February. No trend toward. Impot tin, buyers.

ជាម, Spot in, setiers provement of the foreign trade nusines done at

Lin, huvers 070, balance was shown by the statis-Three-months

Three-months tin, sellers $77 fics, business quarters Fald.

6/77-01616 Business rione at France-Presse.

Settlement

United Press;

points higher, with sales totalling JAPANESE BONDS 063 contracts.

May"

Contract No, & two

July September New York, Mar. 13.

November Prises in the roads and alla Spot market clotes today unchanged My with the following exceptionis: Jul Tung oll, in tank cart:0.8. New York, por f. 39144 cents.

United Pa

,428 bid is

London, Mat. 19; Japanese bonds 2

"A": {âre of +1809); M0% fr nominal (49 of 1010)00

1140

Exchange Rates

this

Busintaa Waɔ· dun in the fricat unoffelst exchange market morning at the follow met U, B., dollar (par. angan di bidh #DANCEM, or (1834), 70%. #tering note (pot,

KALE" (8748, of: 1036):12714 Indonesia/guilders in

-6.67-

nited Prem.

satz Slant leats (per 100)

Singaporn. Istralia) -Uned. Preas.#ic plastres ipar-100)

Forms 3. 4. & 5 as amended by the

Government of Hong Kong

·NOW' ON "SALE

SOUTH CHINA MORNING POST LTD.,

Hong Kong & Kowloon, These amended forme are now in fores