1952-03-26 — Page 9

MESSAGERIES

M

"LA MARSEILLAISE” "MAPLE HILL"

MARITIMES

Arriving Leaving

Mar. 31 ...... Apr. 9

Apr. 1

Mar

M

Outward Far

Yokohama & Kube

Homeward For Haiphong & Salgon

"JEAN DUPUIS"

†ZELIDJA"

"LA MARSEILLAISE"

Mar. 21 Apr... 4 Apr. 11

†"DEAUVAIS"

Apr 3 N. Atlea & Europe Apr. 12 Marseilles via MauİİA May 1 May 2 N. Africa & Europe

freight for Suigon, Alexandria, Tunis, Genon, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.

Subject To Change Without Notice.

*

CIE DES MESsageries maRITIMES P.O. Box 53, Hongkong

(cen's Building (gr. floor) Tel. 20651 (3 lines).

m.v. "LA MARSEILLAISE"

10 days Roundtrip to JAPAN Sailing from Hongkong -

THE CHINA MAIL, WEDNESDAY, MARCH 26, 1952.

Pulp Prices Discussed

Loudon, Mar. 25. British and, Scandina vian ceonomic experia mel at the Foreign Office today to discuss wood pulp prices and supplies to Britain,

The

Ministry

of

Matefuls announced ear. Her this month that would not socept appit- iraport wood cations to pulp except at prices 20 cent below those per

the existing at

ena last year.Reuter.

of

Heavy Meat Cuts In Argentina

Buenos Aires, Mar. 25.

The Argentines, formerly the world's biggest beef caters, are today suffering severe meat cuts,

Accustomedi

ป

eating more

1st April, 8 p.m. than two lbs of beef daily, they

to Yokohama and Kobe

Arriving from Japan

1st Class

Tourist

www.

are now lucky to get four lbs for the whole week,

Three days a week meat is unobtainable. For on Sunday butchers are elosed, Thursday's

11th April, 6 p.m. killings are for export only and

Roundtrip Fares

HK$910 to HK$1,160

HK$600 to HK$ 640

+

Excursions in Japan -arranged on application.

COMPAGNIE DES MESSAGERIES

Queen's Building.

MARITIMES

Tel: 26651

U.S. Tyre Makers Making More Use

Of

Rayon Fibres

New York, Mar. 25.

The rayon and wood pulp industry, due to a combination of special circumstances, is the bright- est spot in an otherwise gloomy textile picture.

According to trade sources, the slackening in rayon production was more than offset by increased demand from tyre manufacturers who are using rayon fibres instead of cotton due to the high prices of the fatter.

The switch from cotton to wond

near

There is no indication of any

in the pulp was particularly price easiness apparent during the past two future because:- mondis.

Australian

Uranium For U.S.

Canberra, Mar. 25, Britain hus given Australia the "go-ahead" for the sale of Aus trallan uranium to the United

Slates.

It is believed that Britain was offered priority on any exports of uranium from the Dominion, but decided that Australian need for dollars warranted the sale to the United States.

There have been semi-official offers from

While the shortage 1.

abated same- wood pulp has what, there is still an unsutis- fted demand in both the paper and rayon industries and

2. The foreign quotas are expanding with prices holding slendy.

Friday. Is, oficially. decreed n meatless day.

Consequently long angry housewives patiently outside shop from dawn maining four days,

queues of

wait-im- butchers'

on the re-

First come, Bret served is the rule, though Senor Peron has already hinted at the possibili- ty of rationing,

CURRENCY SHORTAGE

Discussing other

short:gez,

Senor Peron has said in the post The best way to. combat the

EFFECT OF TEHERAN'S OIL NATIONALISATION ON COUNTRY'S

ECONOMY

Foreign Trade At A Standstill

Teheran, Mar. 25.

Despite predictions of an early collapse of Iran's economy after the withdrawal of the British and their oil royalties, nine months of nation- afisation has brought almost no change in the standard of living of the average Iranian,

The man in the street has been affected little by the loss of Anglo-Iranian oil company revenues though the country's foreign trade is virtually dead.

Illegal Operators Extending Activities

The

currency

London, Mar. 25. Continental operators who have made big profits by

in illegal dealings furs, diamonds and coffee, are turning their attention

ther commodities.

to

It is said that they are now wool; handling gold, rubber, Eastern spices and metals.

Prices of such basic com- modities as tea, sugar, brend "and cotton goods either have remained stationary of have risen not more than five per cent over the last year. With the upper and middle classes, however, It Is ม different matter.

Prices of luxury goods haya skyrocketed because of heavy taxes and reduced imports,

Some 10

per cent of the however, has not population, been affected by the Govern- ment's austerity policies,

The Government has made efforts to and other jobs for labour thrown out of work by curtailment of the oil industry's operations.

TRADE RECESSION

International trade on a cash basis is almost at a standstill because of the lack of foreign although foreign manufactured goods are <till plentiful.

They buy these materials exchange,"

Sterling with pounds in the Arca and then resell for dol- lare, making big profits by bringing back to Europe the black through their dollar earnings.

The Government is making market, every effort to avoid economic

collapse.

The Arst step waas to cut im- ports from £40,000,000

It has the £25,000,000 annually.

A present they can get 7s. 104. for each

dollar in

10

cigarette shortage la not to black market against the off-concluded barter deals to help smoke for a month. Beat

thecial rate of 7s. 11⁄2d

-searcity-of-beer-by-drinking-

water."

Now housewives

aro won- dering whether the same "yolu- tion" will be offered to solve the ment problem.

Background to the shortage

is that Argentine coffers are bare of foreign currency and

overall Agures and wood pulp obtainable, the uf Rayonier that sales cellulose wood totalled 377,484

with

Although no for the rayon Industry are annual

report Incorporated shows Purified of during 1051 tons compared tons in 1950.

GROWING

The big profits of the specu lators are made at the *x- pense of the Sterling Area.

For dolinrs which should come to the Sterling Area go

to them,

Sir Arthur Salter,, Minister of State for Economic Affairs, has stated in the House of Commons that this black mar-

the Government is desperately ket is increasing on a serious anxious, to remit every available. scale.-London

ounce of meat to meat-hungry Britain to secure Sterling for the purchase of vitally needed coal, oli,

iinplate, and other London Ex-

raw materials. press Service.

To Lower

Floor Prices

Of Textiles

Tokyo, Mar. 25. The Japanese Government will shortly lower floor prices of cotton textiles for export, Kyodo News Agency reported,

vice:

Express

Ser-

Philippines Lumber For Japan

close the gap.

fran-used-to buy some 28 per cent of its imports In the Sterling Area but after restric- British lons imposed by the Treasury, the amount was cut in half.

BAKTER DEALS

Germans To Visit Moscow

To Attend Soviet Economic Talks

Page ('.

ROYAL INTEROCEAN

SAILINGS

Diskurta, Tjfrebon,

Burabala d' Macassar

#TRKAMPER"

**TRAAT

MAKASSAR" "TJIWANG!"

»VAN BEUTSZ"

EASTWAY"

**UANMAN”

"THAAT SORNDA" Apr.

То

Djaknēta,

Hrabala & dipersiar

Singapure at East Afric

Bemarang,

Singapore, Djakasta & Belawan Dell

Mánia, Kingapore, & S. Africa

Mar. 27th

Apr.

fnd

Зарад

apr.

Zud

bizigapore,

Apr. 51

Apr. eth

Jan

ath

Apr. 1514

DEJAKUTTA,

Apr. 1012

Singapore,

Apr. 28th

WANGI"

May

200

May

Nih

May

TSIBODAY"

"THLUWAR"

TASMAN"

ATSIPONDOK"

"STRAAT

MAKARNATE" TEGELBERG" "TJILUWAU"

*TЛKAMPEK“'

"RUVS" *FIWANGI

"TEGELBERG“

**TJIBODAS”

"TJHLUWAI"

"TJIWANGI"

"THPANAS"

"HUYS"

May 13 aday 16th

May 274

May 27th

แยม Hond

Jube 21h

June 15th

June 161k

Buly 2nd

July Bh

July SLIL

J

'TJirebat,'

Surabala & Macaunar

Újakarta,

Hurabala & Macassar

Kemeranx,

Singapore, Penang & Betawan Doll Singapore,

Jakarta, ForADE,

207abala 4 strensiar

Djakarta,

*Bison. Semarang,

Dr Bstrabain &`bincanLA P

Mania, Hingapore, Sauritius, 8. Afrien

&B. America

Japan

singapare. Djaketa, Нешигали

Djuk

Bizabala & Macassar

Firebon, Semarang,

Surauada Morawat.

Japan Singapore,

njakarta,

Surabala & Macassar-

Manila,

Singapore,

Kematangs

Mauritius,

9. Afɣles & "N) America jakarta,

Tilreball,

Surabala & Macasaar Singapurs,

Djakarta,

Harabats & Macauiar

Hemarang,

Semarang,

Ingapore, Djakarta, “Rematang,

Sūrabila & Macar

Manlia, Singapore, Penang.

Ꭱ . & H. Aftes

&

Stania, Singapore, Mauritius. 8, „Africa

& S. America

ARRIVALS

"STRAAT

MAKASGAR”

#TJILUWARI"

Mar. 2800

Mar. 2011

7th Apr. Apr. 13th

Bonn, Mar. 26. Sixteen German business-TJWANG" men representing the great "TAUMAN" Ruhr barons who armoured Hitler's Reich, will leave Dusseldorf shortly for their first post-war visit to Mos-

cow.

on

'

From

Amertea, 8. Atrica, Mauritius, Ningapore & Manila

Macassar,

Bursbals, Djakarta & Singapore

Semarang,

Penang, Belawan' Dell, Palembang,

Djakarta, & Bingapore Macassar.

Surabate, Hemarang,

hjakarta & Singapore

General Agents,

HOLLAND EAST ASIA LINE

As high officials of 10 big they Ruhr sleet companies have accepted a Soviet invita-

SAILINGS TO EUROPE tion to attend the Russian- organised international Econo- į“ARENDSKERK"

"KIELDRECHT" mic conference in Moscow

AAGTEKERK" April 3.

CLITAR Under cover of that COM- ference, say Allled intelligence SAILING FROM EUROPE officials, the German business-

to contact "KIELDRECHT" men will attempt

"BLITAR" the man behind it, Red Foreign AAGTEKERK" Trade Commissur Mikoyan,GOOKERE” with whem the Germans did business during the blg Hiler-Stalin honeymoona 1939-41.

iri

inter-zone West

them

With British preses freely issued. German local authorities, the Ruhr-directors will travel to West Berlin. A taxi to the Soviet sector will take

Red. Express to the luxury which does the Berlin-Moscow trip in 40 hours.

intelligence officials say that the 10 Arms which have

18

DC- invitation far, barter deals have cepted the Russian

Include

Vereinigte Stahl- been completed with Russia,

direc-i Germany and France, among werke, some of whose

tors are in close contact with Bonn Premier Adenauer, the Negotiations are under way

Ober- Gulehoffnungshutte Czechosla- Italy, Hungary,

hauson, and Otto Wolf af vakia, Poland and Japan.

Cologne. Sugar

deficits have been made up fairly successfully by barter with Russia and other countries.

C$

others.

with

TWO AIMS

of

Some of these 16 firms are due to start production of

To help out the Government's tanks, guns and aircraft parts as soon as the European Army programme, a national six per

agree to Germany nations

in Western rearmament. Poated. The total subscribed

Western diplomats whs are busi- to date is 250,000,000 (M) rials.

watching the Ruhr byg Premier Mohammed Mossa-

neasma's moves, cay the Ger degh's

supporters say the

mans have two main alms in Government has written of the

going to Moscow: (1) - Re- orsibility of any incemo from

with the Russians nil, except for internal sales. In case the Red Army should

The chief victim of the loss ever occupy the Ruhr in

oll revenues is the seven-future wor. (2) A new Ger- East- development plan, which

man attempt to revive hes been suspended,

West trade either legally

cent two-year loan has been joshing

Marila, Mar. 25. Philippine Lumber Producers' Assoclulion circles today announced that there was need for arriving at a complete under- standing on matters concerning year the exportation of lumber to Japan in view of the experienen of last year, when poor-quality Philippine timber was shipped to Japan.

The pinjected move followed reports that the Japanese Lumber Importers Association

desirous

sending of

was

"

insurance

two principal projects Germany's

are

The which were abandoned railways from Teheran to and from Teheran Azerbaijan la Khorasan.

on

or

future export trade prosperity, depends

whose with Eastern Europe

borred to markets are now the Ruhr factories by Ameri- can cold war action.-London Express Service.

BRITISH ORDERS

IN JAPAN

The Government controls cotton exports and rejects any contracts booked below what

U.S. AID PLANNED the Government calls "check" prices-actually floor prices,

Another factor in haiting the to work was the British Govern- Flundreds of cotton contracts mission to the Philippines

remove all causes of misunder-ment's requisitioning of steel were rejected in January.

between standing

Philippine rails before delivery. The pro-

jects

with may be revived Then rejection numbers exporters and Japanese lumber

American aid. quickly fell, for most applica-importers.

London, Mar. 25. The

devote Iranians will tions showed the right prices.

Government contracts for 20,- of the $23.- some $10,000,000 Among

IVETC clarified, should Japanese 000,000 total point-four ald tá 500,000 yards of cloth

and educationplaced with firms in Japan be- ralplog health musica, ateive here, are:

standards. The remainder will tween February and September!

Last 1. Method of scaling:

year, says M: Duncan 1. Sending

go to improving agriculture. of

This latter allocation may Sandys, Minister of Supply, in a bottoms here and

or help revive other seven-year written reply to Mr R. Frot, Conservative MP. from Lon- plan projects.

cashire.

The Govertiment has found out the reason:

to

Such exporters were rebating of invoice amounts part 355,257

buyers through their agents in

DEMAND..

"The gen The report said: eral demand for wood cellulose continued to grow, and tyre producion Increased -cord

further.

the same time there texille in the

"At the United States that Australia should be provided were setbacks

in

with equipment and capital for markets, beginning early the treatment of uranium are in 1051 and continuing to the exchange for part of the ore year-end.

produced.

The Cabinet discuss the proposals tomorrow.

"Viscose and acetate. yam

is expected to producers have curtalled output and are still operating on a reduced basis.

for

The main question is whether

"Nevertheless, demand sufficient are would be profused artRadium Hill in Southern Rayonter's products continued the company's pro- Australia 10

provide exports to exceed after the State's Industrial needs ductive capacity."

The

Economics Textile are met.

Bureau reported cellulose con- The Federal Government has cumption by the United States ucetate producing control of all uranium deposita, rayon and but is obligated to see that the industry at an all-time high of State's requirements are met be- 610,300

tons last year.

The

fore other projects or experts are wood pulp total for the previous year was 450,200 tons-United

considered.

The Premier, Robert Menzies,

however, is believed to have told

a Government conference yester

Press.

day that production could readily JAPANESE BONDS

reach a point where 'exports

could de einde.

Production in Rasium Hill be gan In 1950, Investigation

U going on into deposits in Northern Territory, but the development of the area is n yot far enough advanced to in- furnos the present negotiations.

Reuter.

London, Mar.

Japanese bonds

MA11 (43, of 1830) "B" (45, of 1010) *C* (5s, of 1907) "D" (5%, of 1994)- "E" (5%1⁄2% xd/1834) Contola

25.

70

50

113

United Press.

Japan, Kyodo sald.

the mattera

D

to be

Japanese

3. Method of payment The present

check prices opening of letters of credit were based on ruling quotations France-Presse.

September, Associated

last

Press.

Rubber Study

Group Meets

In May

Kuala Lumpur, Mar. 25. Malaya la seriding five repro- sentatives to the Rubber Study Group conference in Ottawa in Moy:

to Participating na ndvisers the British Colonial and Dow pendent Territories delegation. they are:

Malaya . H. Facer, Daw E, E. C. Thuraisingham

and mem-

Inche Salleh Halcim, al bers of the Malayan Rubber Producers Council.

Singapore-L G. Salmond and rubber magnato Leo Kong Chian, représcuting the trading

A. Heywood-Waddington;' for- mer Malayan

Government

official who used to represent Malaya at rubber and tin talism and is now Malaya's Economic Representative in Britain, will also attend

advisey, de on Associated Press.

LONDON TIN

· MARKET

London, Mar. 25. Prices of tin were steady and quiet this morning. Turnover for cash. was 65 tons, norie Prices closed at the end of the

session moming

official

follows:

Spot tin, buyera Spot in, atliers

na

DAS

Business Cons at Tires-mantis tin, buyers

nil

Das

Three-months iin, sellors Business dona as Settlement

Das-0.4

Business circles in Teheran,

The Minister of Supply Bald however, are unimpressed with

eforta. het the total value was £8,132,- the

Government's "Trade is dead," one of them | 000 and deliveries are likely to guid.

be completed by next August. --- He added that because of France-Presic.

conditions uncertain would risk capiti in trade, "and anyway, there's no money around."-United Press.

no one

Grain Prices.

In Chicago

-United Press. narrowly

Rubber Futures

In S'pore

Singapore, Mar. 25. Prices of rubber futures closed today, as follows— Number 1 rubber. per lb.

Chicago, Mar. 25.

today Grain futures closed

the Irregular with

market bullish and bearlen nearly balancing. Wheat futures closed to higher. Soybeans

closed lower to 1% higher.

Spot

WHEAT-price per bushel

133 nominat

25164

2447%

July December *CORN

September

2.4816

Spor May Juty ** September, December RYE

Study By Experts

Two

Taipei, Mar. 23. prominent French specialists in the fertiliser in- dustry arrived in Taipei yester- day to conduct an extensive

"ARENDSKERK"

Apr.

Gtl1

May

8th

June

7th

July

FRD

Salla Kotteriam

Arrives HODIRODA

Balled MR.

5th

Apr.

Apr.

5th

10th May 10th

May

201

Jane

7th

2018

July 4th

June

2nd

ABE.

7th

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

f

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.

M.S. "OLUF MAERSK" M.S. "LEXA MAERSK"

MS. "LAURA MAERSK❞

Apr.

2. Apr. 16 May. 2

Mar.

30 Apr. 19

Apr. 28

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building.

Tel: Nos, 86066-9.

PATTISON ORIENT LINE

LIMITED

"LAURE PATTISON"

5.5.

Due From:

Japan,

Mar 30th.

12-14 Queen's Road, Central.

Salls For:

DIRECT Pusan & Japan, Apr. 4th.

Tel. 25346.

CHINESE AGENTS:

study into Taiwan's fertilizer OVERSEA CHINESE STEAMSHIP CO., LTD.

Industry and

consumption.

They are to stay here a week.-

France-Presse,

48, Bonham Strand, West, Tels, 26127, 01118. & 81119.

Pacific Far East Live, Ive.

DIRECT

Fast Regular Trans-Pacific Servico

OVERLAND

NEW YORK-CHICAGO-DETROIT-TORONTO MONTREAL AND ALL AMERIJAN, & CANADIAN CITIES

Hegular Service direct or with transhipment.

SAN TEANCuco, Los ANGILES

Guam, Marinas Islands, Aileronezian Islands

STOM

Arrives

Kaile

Temet

For

"17434-115

155.151

Junie

"WILLIAM LUCKENDJACE

Number

rubber,

asked

Straila

Apr. o

Apr.

San Francisco & Los Angeles

April Number

11732-11$

May

1434-111;

"F., J., LUCKENDACIP"

San Francisco

Apr. 10

Apr. 17

Number

April

"OATE

Singapore. Penanit & Port.

Sweltenham

May

Blanket crepa No. 1 pale: urepe

Jury

239A-%

How York Couper 200 10, sacic, *812,60..United Prod

April

Spot rubber,

For full particulars. Gall United States Lines Co., General Agonis; Queen's Building, Tel: 28288;

A