1952-03-25 — Page 9

MESSAGERIES

MARITIMÉS

M&M

"LA MARSEILLAISE"

"MAPLE HILL"

Arriving

.Mar. 31

Apr.

D

.eaving

Apr.

}

1

Outward For

Yokohama & Kobe

Homeward For

siphong & Balzon

THE CHINA MAIL, TUESDAY, MARCH 25, 1952.

Trade Treaties Australian

Australian Importers ROYAL INterochan Lines

Being Reviewed

Irade

Canberra, Mar. 24.- 'The Australian treaties with India, Pakis- fan, Indonesia, Brazil, Sweden and West Ger. many are now under review by the Australian Govern- ment following the import cuts from the Sterting Area and tropending cats from the Dollar area.

"JEAN DUPUIS"

Mar. 21

"ZELIDJA"

Apr. 4

"LA MARSEILLAISE"

Apr. 11-

1“BEAUVAIS”--

May 1

Mar. 2

5 Apr Apr. 12

May

N. Allen & Europe

Mariolites via Manila

for

Z N. Africa & Europe

freight for Salgon, Alexandria, Tusis, Genos, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.

Subject To Change Without Notics,

CIE DES MESSAGERIES MARITIMES

--1.0.-Rox-53,-Hongkong-

Queen's Building (gr. floor) Tel. 26651 (3 lines).

m.v. "LA MARSEILLAISE"

10 days Roundtrip to JAPAN

Sailing from Hongkong

1st April, 8 p.m.

Australia will approach country individually each

review of the treaties when the full effect of the trade cuts is known 'and hopes to retain the outline of the treaties so that shp adjustments will be of temporary character only. -France-Presse.

Drastic Cement Shortage

ปี

Saigon, Mur: 21. Indo-China, which before the World War II exported 140,000 tons of ermeni an- nually, is now so short on this building material that imports have to be made

to Yokohama and Kobe

11th April, 6 p.m. from Japan.

Arriving from Japan

Roundtrip Fares

1st Class

Tourist

HK$910 to HK$1,160- HK$600 to HK$ 640

Excursions in Japan arranged on application.

Gr 1.

Press Agency The Vietnam said, builders are bari ecment in South Vietnam, but the shoringe is so aute in Cambodia that work on a great number of public and civilian buildings has

een stopped.

been

added that the Cambodian authorities have authorised the barter of cement basis--from whatever country can be obtained.

import of com

Expect Relaxation Of Cuts In UK Imports

Sydney, Mar, 18.

Australian importers believe the cuts recently imposed on the pur. clease of British goods will soon be quietly eased.

"Now that a gesture has been made and a curb put on reckless extravagance, permits will soon begin to be issued more freely and ex- ports from Britain will unobstrusively go back to normal but not to the splurge proportions of this last year."

HONGKONG SHARE MARKET

(From Our Correspondent)

Business dome

on the Stok Exchange his me ning amounted to $277.422.00.

This is the opinion of a partner in one of Australia's higgest agencies for British nylons, toys, textiles-and- household goods.

"Most Kooda we import, Spart from

superlor being squality to Australien-made, are Jalso cheaper even against pro- !jective tariffs that vary from

69 per cent to 100

when transport is added to the Lill.

"British imports Bre Aus- reul safeguard

Noon quotationstralia's only and the morning's transactions-gainst terriile nation. SHARES BUYERS SELLERS BALES GOVT, LOANS

11305

DIK Bank Ea A1405 INSURANCES

SÚMING

Asia Now.

1200

720 735

1.65 14

Whorf XD

DOCKS, ETC.

N. DA What Dock

75,000 6 03

10 1450

25 63 500

"Australia simply

nect her own demand | manufactures.

cannot

"She must either import Icster inflation and a maet."

|

Japanese Shipping Charters

Tokyo, Mar. 247 Twenty Japanese vessels are currently being employed carry freight for foreign coun- 111es, according to the Trans. portation Ministry.

"TJIKANPEK"

"ETRAAT

MAKASSAR" “TJWANG"

TIBODAD"

BAILINGS.

Atar. 27

To

Tfirebon, Bjakarta,

Buzabala & MachanAT

Blogapore,

MELEKTROŠI

Djakarta. Bemarang.

Brabala Diacatuar

Mugapore & Yan Africa

Singapore, jakarta lielawan bell Japan

Manila, Bingafore, &. Aftica

jakalia, Tjirebats,

Surabain Macassar

A1. 2nd

Japan

Apr.

2nd

"VAN HEDTSZ"

Apr.

5th

"EASTWAY"

1.

th

TASMAN"

Apr.

"TILAAT BOENDA" Apr.

ath

Apr. 13th

Apr. squ

Slagapore,

Apr. 28th

May

May

May 9121

2nd

Singapore,

81.

May 13,

**TJĻLUWAH"

TABNAN" "TJIWANGI"

"THPONDÜK"

"STRAAT

MAKASSAR" "TEGKLBERG" "TULUWAN"

"TJIKAMPEK"

"RUYS"

TJIWANGI"

* "TEGELUERO"

„NTJIBORAS".

"THLUWAN"

"TUWANGI". -TJUANAS“

*BUYS**

"STRAAT

May 10th

May 27th

May 29th June

1)jakaria,

SOFREADS,

Surabala & Mackint Singapore. Penang Belawan-Dalą

Djakarta,

Nurabindiacassar,

Jakarta,

Thickon

Burauata Mincassar

Semarang.

Sewarang

Stanija, Singapore, Mauritius, 8, Africa

A. America

Japan

Slugapore. Djakarta, S

Durabula Macassar

Djakarta, Titrebon, Sentarang,

Burabalatagaiar.

Japan

Singapore. Djakarta.

Surabala & Macassar Mauks. Singapore.

·Semarang,

Mauritius,

6. Africa & 8. America

jakarta, Z'jirebon,

---duenbala-&-Macassar-

Sruntang,

Singapore, Djakarta, Semarang.

2nd

June

9th

Juno 131

June 16th

July 2nd

Ch July

July Dict

Manlix,

Borabaia & MacaMT

Hingapore,

Djakarta, Semarang,

Hurabi & Macassa

Singapore, Penang.

E. S Africa

Mantia, Singapore, Mauritius, 5, Afrira

AS. America

ARRIVALS

From

Attica,

Semacaba,

& 馆。 America, I. Mauritiua, Singapore & Manila.

Surabala, Ancasus,

Djakörta & Singapore

Lo

MAKASSAR" "THWANGI"

"TASMAN" “THIOWAU”

Mar. 27k

Mar. 29th

7th AUR Apr. 13h

Penaut, Belawaḥ, lieli,

Thirteen freighters are carry

cereals from the United ing for States to India. Three tankera are transporting off between the Persian Gulf

ulf and Europe.

or

blackt

FOOD CRISIS

Meanwhile Sydney's congest- ed wharves~~~COSES and goods had flowed Into piles across the streets have been cleared.

Importers could not

Of the remaining four vessels two are on routes between South America and Indoneða and another two on the Philip- pine North America run.

The Ministry sald that pay- meats for services, except for oil transportation between the rsian Gulf and Europe, are Persiun

be

made in dollars, Shipping circles

BS

shift

10

10 2000 10.

500 4 1045

it

J

300 10

them until their delayed credits had been granted,

500 or 10%

Provident XD 14 Wheelock

The bulk of imports at present comes from Japan. A total of 10,000 tons of Japanese comand arrived in a single month.

The Vietnam

Press said im-

COMPAGNIE DES MESSAGERIESports had been authorised-to-

Queen's Building.

MARITIMES

Tel: 26851

In

Japan Planning

Changes Economic Policy

Tokyo, Mar. 24.

Nihon Keizai, Japan's leading economic news- paper, reported today that the Government is try ing to modify the deflationary financial policy and tone down some major occupation-sponsored eco- nomic laws.

Nihon Keizai quoted Government sources as saying that the deflationary policy which has ruled Japan's economy during the past three years no longer fits changed circumstances.

by

was mapped

business. parti-

The policy

oul, of Japanese Detroit hanker Joseph M.cularly importers and exporters, would anti-trust Inw Dodge, reling as special econo- and the

the Allied oc- also be toned down. mie udviser in cupation.

Succevents.

These laws broke up Japan's stresses gigantie Zaibatu concerns. The The Dodge formula

Trading Company, for economic stabilisation over re- Mitsui construction or expansion and instance, has been eut up into discourages Government loans to hundreds of small

Japanese businessmen inariness. Many Japanese bush Many nomen blame this light finan-say Japanese companies cannot with a foreign com- cial policy for the present reces- compete

pony

on an equal footing now sian in Japan.

Nihon Ketzal also raid the because of their mall size. anti-menopoly tow

would be

The

Government

modified to allow reconcentration reported

bill

Foreign Exchanges In NY

Capada England-oficia!

New York, Mar. 24.

US$1,00

2,801

unoficial.... 30-day futures D-day futures

Australia New Zealand South Africa

Belgium

Denmark

Italy

Norway

Portugal

'Bpain

2.35 bld/ 2.38 asked

WAN

also to have prepared u governing import and ex- port associations. The new bill, Nihon Keizai said, will nut revive all the pre-war associo- tions which not only regulated products and prices but restric- The pre-war ied membership. Cotton Export Association, for instance, limited its members to only a few and completely ban- ned outsiders to handle cotton textiles for export. ⠀⠀

The

now law would only try

to regulate products and prices order to prevent dumping, In Nihon Keizal sald.-Assoclated Press,

ASK PROTECTION

Tokyo, Mar, 24. Japanese motor

manu-

ca

facturers are appealing to the

Regulations banning uprestriei-

halt a flourishing black market in the vital building material.

The sprawling, huge cement plant of the French-organised Societe des

Ciments Portland

Artificiels de L'Indo-chine at

Haiphong, in northeastern

Indo-China, is still the biggest producer of

this cement in

Bf the last war, it turned aut 300,000 toris annually, of which 140,000 tons were ex- ported to Far Eastern countries, and French colonies in the Pacific and Indian oceans.

But, in all of 1950, unly 17,800 tons were exported, and 11,800 tons in the first 10 months of 1951. Hongkong was always a big buyer of Indo-China cement, preferring the Haiphong pre- Wat Japanese. damage cut the production of Haiphong plant but big re- pair work is under way and it is a monthly output hoped that of 25,000 tons will once again be attained.-Associated Press.

duct to

the

the

שתשר

The Rubber

Markets

London, Mar. 24.

Prices of rubber futures closed today as follows:

Nemir rubber, in pence

per lb.

Aurd

May

April/une

Jurit

Judy September

October/December

LAND, ETC.

4312 300 w 43

TK Rotel XD 1.90 8.10 1600 8

43 - UK Land XD

_Nat_ Lasid __.._24_

UTILITIES

Tram XD

P. Trani 10)

Star Ferry XD

7000

45

15.35

1000 15

JDI

C. Light (0) 8.45 c. Light (NI

Electric XD 2014 2015 2006

Telephone

INDUSTRIALS.

4.69

20.39

expect that and ships there will not be any restrictions

had been finding it impossible imposed on such services, even

to unload with every inch

vious cargoes.

of after the

space already heaped with pre-affective, peace treaty becomes It was enriler predicted that is a provision restricting the ser- be included in the of vice may

proposed „Japan-US. shipping agreement.

The Australian Cabinet 201 considering means meeting-the-food-crisis:

The collapse

of food exports to Britain has been one main reason for the import cuts.

Northem Tetory graziers

260 20.30 today announced that one mil- 16 2814 1000 st 10 lion cattle are dying from drought and wheat growers a negligible can foresee only

Cement XD 131⁄2 13.85

D Hope STORES, ETC.

Datry

Watson

2147

Watson tris) 1.80 COTTONS

EWD

MISCEL

Yanglaze

18 20.00 500 10.70 surplus for export next season. The Cabinet is formulating a scheme of credits and tax re- liefs to farmers,, but an ap- proach to the British Food Mis- sion in Canberra for higher prices was met with a rebuff.

2.00

4.85 8.10

TIN

LONDON

MARKET

London, Mar. 24.. Prices of thi were steady and lower this morning. Turnover was 65 tons, including five tons for cash.

Prices closed at the end of the official morning session follows:

Spot tin, buyers

45

965

Spot tin. sellers.

Business done at

Three-months tla, buyers

Three-months Un, sellers

Business done at Settlement

-United Press.

Exchange

DGS-DOL 085

Rates

Business Was done in the local unificial

exchange market

morning at the Zallowing rates:-

US dollar (per $1)

The Australian representa- lives were told that after every recent price Increase conceded by Britain, production has de- clined.

The Prime Minister, Mr Men

is 10 zies'

ind a problem scheme that will link higher higher prices to farmers with production from farmers--lon- don Express Service,

Cotton Futures

In New York

New York, Mor, 24. Prices of cotton futures closed today up 2 to off points.

42.40 nominal

tals

Spot May

July

8.74 October

33-24

15.85 Lecember

33333-34

Indonesia guilders (nr 100)

Slam ticals er 100)

2012 July

3.02 Murch (1953)

May

-Writer Preis.

SINGAPORE MARKET

Singapore, Mar. 21. Prices of rubber futures closed today as follows.

Humber 1 rubber, per. Ib.

April,

May

Julle Number

Apell

11912-114

112-1134

rubber,

11 -21%

109 -10016

rubber,

78 -130

Number 3 rubber,

April

Number

Apri Spel rubber, unblled Blanket crepe

No. 1 pale svens

Grain

10415-10513 10-117

132 137 -Ugiled Press.

Prices

In Chicago

Sterling note (per £1)

Singapore (Strells)

FIC niasites (per 100)

13.123

41,38-41.20

1027-40.29

37.20-5752

38.87-30.00 30.72

3668 nominal 31.18

-United Pres

However, this fear dwindled when the US. Senate approved the Japanese Peace Treaty last Friday-France-Presse.

British MP

Going To

Moscow Talks

London, Mar, 24.

A Conservative Member of Parlament, G. B. Drayson, nas accepted the Soviet invitation to the International Economic Conference to be held shortly in Moscow.

Mr Drayson said today that he would encourage Anglo- Soviet exchanges of goods in current consumption. He added that Britain had bought large quantities of cereals and wood from the Soviet Union and

ind it Union was hoped the

e Soviet

would buy manufactured gond; in return, particularly textiles.

It is believed that Mr Dray- on's visit to Moscow will not be of an official naturs ns Britain has decided not to send a dele- gation to Moscow.

believe Economic obseru that Mr Drayson's proposed Journey emphasises the gravity of the crisis in the British tex- tile Industry following the re- cent cuts in world and dontestic demand-France-Presse.

observers

The Trade Battle New York Sugar

With Japan For Empire Markets

Manchester.

Futures

New York, Mar, 24. World Bugor futures closed 1 to 5 higher with sales totalling 209 contracts.

Contract No. 6 closed un- changed 'to 1 higher with sules totalling 353 contracts,

CONTRACT NO. 4 (WORLD)

Pafcbang.

Djukarta & Singapore Macassar, Surabata, Semarang,

Djakarta & Singapore

General Agents,

HOLLAND EAST ASIA LINE

BAILINGS TO EUROPE

"ABENDSKEDE"

Apr.

GER

KIKLORECIT

sth

"AAGTEKERK" "BLITAN"

Лиде

7th

July

7th

SAILING FROM EUROPE

Balls Hotterdam

Arrives Bongkong

"KIELDRECHT"

Balled Mar. 5th

Apr. 1025

"AAGTEKENT" "BLITAR"

Apr.

MAY

JOLL

MAY

2nd

Jupe

7011

May

July

4th

Juno *nd

Aug.

TELEPBON

ONNAUGHT ROAD,

"HOOGKERK”

"ARENDEKERK"

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, ARRIVALS FROM U.S.A. "SALLY MAERSK" M.S. "OLUF “MAERSK" M.S. "LEXA MAERSK”

M.S.

Apr. 2* Apr. 16. May

22

In Port

Mar. 30

Apr. 17

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building.

Tel: Nos. 36066-9.

PATTISON ORIENT LINE

LIMITED

5.5. “LAURE PATTISON”

Due From:

May

427 bid

July

420 bid

September

431 bid

November

4.26

poi CONTRACT NO. G

Sails For:

425

5.72

November

ptember

3.02

5.94 nazifal

Spot

12-14 Queen's Road, Central,

DIRECT Pusan & Japan, Apr. 4th.

Tel. 25346.

-United Press.

The trade battle with Japan will probably be fought out in South-East Asia, India, Pakistan, My

and the Colonial territories of Africa, says the

Manchester Guardian.

But the part of this market, which can be controlled Prices of grain futures closed directly by the British Government is very small,

Chicago, Mar. 24.

2.782

2,21

2.00

2.59-3/10

0190

.1455

France

West, Germany

4.20

0028-0/10 Government to

Holland

2030

Industry from the threat of Im-

1405

ported cars, according to Japanese Press,

the

10370

today as follows:- Wheat-price per bustel Spot May protect their

July:" September December Corn Spot

149 nomine

2.4136-14

2.4914-10 2.1135-14 2.49-2.4014 1.884-189

ect

Bieden

.0035

Imports of

Switamland

2017

ADDDLE EAST

Krypt

2.0442

Iran

03125

Xray

23.01

Turkey

0373

LATIN AMERICA

July anyone in Japan will be able to buy imported cara prices relatively

will be abolished at the end of March and will lose their effect. by the

end

foreign

cars

May

July

September December

June. From

Bye May

1,03 2.7516

2.01

July

1.074

lower thon

Dai May

Argentina

$725

July

Brazli

D500

Bolivia

Chite

0115

4023

1.00

1185

*350

2009

9100

1750

Colunula Cuba.... Mexico

Peru....

Uruguay

Venezuela

FAR EAST

Pakistan

Истеколь

Indinesia Singapore

*Jugins

to

their

Japan,

May 30th.....

CHINESE AGENTS:

New York Stock OVERSEA CHINESE STEAMSHIP CO., LTD.

Exchange

1

305.00 89.71 50.20 180.00

-United Press.

Seeds And Oils

Even In Colonial Africa amade the deliberate choice Colonial Government would be abandon their former military falling in Ha duly if by use of ambitions and to direct

New York, Mar. 24. economic political power it denied its efforts to trade and

Dow Jones, averages at the overly-stricken people the ac-achievement. The miracle has cere to cheap consumer goods, huppened that the Japanese end of the stock market session

stood as follows:- really dislike generals. now adds.

30 industriale* THE PROBLEM had Members of Parliament

"If we were to thwart Japan 20 rails brandished cheap Japanese ten- cups and petrol fighters in the by what seems to be political 15 utilities

it 40 bonds unfair means, and demoans and House qt Cammons

if manded bat something should would hardly be surprising be done about it. But, what Japan should seek revenge.

Moscow might offer ways. could be done?

"The only remedy in the which It could be found.

New Yoric, Mar, 24. "The problem is how to re

Prices in the seeds and oils as main frienda politically

cally

with. the following exceptions: we must clash.:

5.08. Tung oll, in tank cars, "We pach have to recognise pro net inventive in industry, that the other has to export in New York, per 18, 30% cente According to the Nihon Kel-

Peanut oil, per F.O.B sal, an economie dally, fear of The pepper market ruled We infant: the Japanese in order to live, and we must find

18 momina Our aim conventions by which the com- New York quiet and softer in tone. Sellers prove our devices. competition from imported pro-

Linseed oil, in tark

pers, How ducts was shared by sweet range for spot material was must be, through inventiveness petition can be regulated... makers, Japanese sweet makers from $1:30 to $1.36 a powoli to keep always a jump ahead. It is a problem for Japan York, per ib. 17.217.4 cents.

Flax seed, per bushel, F.O.B, The Guardian continues. It as well as ourselves, since are conducting a vigorous cam- and locks awaiting

appears

at the moment that Jagan needs cur friendship as Minneapolis. 34.10%.United. 200 yen to US$1 paiga to rule the tarif on were around $1.32 a pound

Japanese people have we nood Japan's."T sweet Imports, Franco-Presse. United Press.

4200

Pram

those of Japanese products.

The prices of oars including tax on the basis of 1951 modele nre: Ford 1,240,000 yen Austin 840,000 yen, Japanese Dalkun 1,000,0,0 yen and Toyopet: 2 000 yen.

$200,-

3316-94 New York Flour-per 200 15. Back. $12.00.United Prem.

NY Pepper Market

New York, Mar. 24.

release

lona

12 the paper declaros, is to produce as cheaply

the

while

femore clicaply, and at facing the fact that economi- market closed today unchanged

quality

The whole, the Japanese

Pros

48, Bonham Strand, West, Tels. 26127, 81118 & 81119.

ESSENTIAL SUPPLY CERTIFICATE 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. O