1952-03-28 — Page 9

ROYAL INTEROCEAN LINES

Djakarta,

Burabala & Machair Slogapuro & Cant Aintza

Semarang.

Kingapore, Jakarta & telawan Deli Ju

Manila, Bingapore,, & B. Africa

Djakarta,

Tjirebau, SCAMERAS,

Burabala di incasar

Singapore, Djakarta, Semarang.

Burabala & Maresiar Singaporn, Penang & Belawan Dell. Singapore, Dakara

Burabala & Blucasne

Djakneta,

THE BUD

Burnuaia 4 Macassar

Semataps,

Bemarang,

Manila, Kingapore, sikurkitus, S. Africa

H. America

SAILING B

To

1

"STRAAT

MAKASSAR"

PTJIWANGI"

2nd Apr. Apr. 2nd

Japan

Singapore,

"VAN DEUTSZ"

Apr.

31

"EASTWAY"

Apr.

TASMAN

Ap

12

STRAAT SQENDA" Ape.

8th

"TJIDODAS"

Apr.

13th

"TJILUWAR"

Apr. 1831

"TASMAN"

Apr. 24h

TJIWANGI"

May

2nd

"TJIPONDUK“

May

1 ty

"STRAAT

May

STAKASSAKE" TEOELBENG” "TJILUWAIP"

TJIRAMPEK".

"TJIWANGI"

May 13th 16th May May 27th May 27th Julb Zud

Japan Blagapore.

"TEGELBERG"

"TJIBODAS"

"TJHLUWAI"

June cla

June 13th June 16th

EMPANAR"

TJIWANGI"

"VAN BEUT"Z"

"TSIPANAS"

"RUY"

June 19h

2nd July

July 112 8th July

July Dth

Kingapore,

Japan

jakarta, Bemalang, Surabals & MacassaY

Djakarta, Titebon,

Surabala & Macasar.

Japan

Bentarang,

Singapore, 1)jakarta, Hemarang

Surebala di Macuasar

Mattila,

Singapore, Mauritius.

N. Africa & 8. America

Djakarta, Titrebon, Semarang.

Surabala & Macassar

Singapore, DJakarta, Semarang,

Surubala & Macassar

Japan

Djakarta,

Surabala & Macassar

Semarang

Masila, Ningapore, Penang,

&

E. & S. Africa Manila, Singapore, Mauritius, H. Africa

8. America

ARRIVALS

"STRAAT

Mar. 28th

MAKASSAIL"

#TJIWANO"",

Mar.

TASMAN"

Apr.

STIHLUWAI" -

29th

TEL

Apr. 13th

From

6. America, H Africa, Mauritius,

Shgapore & Manila

Macassar, Surabala, Semarang,

jakaria & Singapore Penang, Belawan Dell, Palembang,

Dakarta & Singapore

Macatar, Surabala, *Semarang.

Djakaria & Singapore

General Agents.

HOLLAND EAST ASIA LINE

THE CHINA MAIL, FRIDAY, MARCH 28, 1952.

Israel May Cut

Oil Imports

London, Mar. 27. Israel's economiq ad- viser, Mr David Horowitz, in discussing possible cuis If country's fuel im- ports with Keveral Inter- national 031 companies the here. They include Anglo-Iranian party.

Oil Com-

Air Horowitz, who in here to discuss a possible new economic agreement with Britain,, will later examine the fuel insports problem with the British Treasury-Reuter,

M

Page

M

Changing Pattern Of MESSAGERIES Y MARITIMES

Agriculture In The Commonwealth Nations "Empire's Largest Industry"

London, Mar. 17.

Britain's Commonwealth Economic Committee surveys the background to the cur-

Export Trade

A NEW PATTERN

London, Mar. 21. Australin's standstill on United Kingdom imports was the main topic in the Commons last night when the system of export guarantees insurance against certain trade risks was renewed by a Bill extending Board of Trade cover from £500 million to £750 million.

Many MPs showed that they are shocked in the effect which the decision may have on their local industries,

|

A report on Commonwealth agriculture Issued today, by the

rent problems of what is described as "the largest industry of the Commonwealth."

Examining the changing pattern of agriculture for Individual countries, the report also includes a general review of the trends of production and prices as well as a summary of the way in which Commonwealth trade in agricultural products had developed,

the volume

over- market

Moreover, the increase in re-

It shows that Common- changes in both wealth agricultural produc-and direction of trade. The Valled Kingdom, tion has increased since whelmingly the main before the war while the for Commonwealth food pro- volume of Commonwealth ducts, has not fully regained agricultural exports has in pre-war scale of

of imports. general risen above the pre-cent years in the relative im- war figure.

portance of other markets, par- ticularly in the Commonwealth, The

the United States and Europe, has not been confined to long-established trade in raw to certain major food products. materials but has extended also

report and

the of

describes extent

Hiversity Commonwealth agriculture, gauges the pace of progress and assesses development plans In the light of current trends. the The impact of war on Bgricultural economy varied in different parts of the Common- its effects wealth Physically,

light, while were relatively.

It stimulated agricultural development which in certain enses hus continued

the wor since

Mr Peler Thorneycroft, Pre-in some ways sident of the Board of Trade, agreed with many speakers that "the

pattern of our

SAILINGS TO EUROPE

ARENDSKERK"

Apr.

8th

"KIELDRECHT"

May

15/11

AAGTEKERK"

Jutte

7th

"ILITAR"

July

7th

SAILING FROM EUROFE

Sails Rotterdam

Arriver Hongkong

"KIELDRECHT"

Salled Mar.

3th

"AAGTEKERK"

Apr.

Sth

Apr.. DEAY

1013

10th

"ILITAR"

May

2nd

June

7th

"HOUGKERK"

May

28th

July

4th

July

2nd

AUG.

Tila

how the

"ARENDSKERK"

TELEPHONES 280

HOADSGE

Decline Revealed

In January

World Tin

Output

The Hague, Mar. 27.

World tin production during January 1952 was lower than during December 1951, a report of the Tin Study Group revealed here today.

Production in January 1952 was 13,400 long tons, whereas production in December 1951 was 14,000 long tons. Malayan tin production in December 1951 was 4,743 tons.

production

In Indonesin January 1952 was only

to the lowest since February 1948,

311 1 Malayan tin metal production 4.301 1952 was 1.983 in January

tona, British tin metal produc- in 2,873 100%. American 1,802 on: and Dutch 2,450 tons.

World tinned Iron production this January was 399,000 tons, American tinned fron produc- tion this January was 265,950 tons, the lowest since Novem- ber 1949.

Dollyian production Percased in January 1952 to 2,953 tons. World in metal production this January was 13,400 tota in D.cember 13,100 tons.

und

Big Setback

In Cotton

New York, Mar. 27. Colton futures todny suffered the

first major setback since two move started the weeks ago. The drop was 50

British tinned iron tion in

teas.

produc-

Was January

50,000

trade is changing."

uxport

war.

#

In the United Kingdom and wartime Southern Rhodesia, Australian He sald that the

further advanced expansion of trade has been 13 por can!

afterwards, mid in Conade, was British total exports, and some-.

airly well maintained. total must be un

recinetton Australia In trined, in particular, we must

during the war was subse ld ways of breaking into the

both quently made good; in American dollar market,

New Zealand and South Afri ca expansion continued wards, and only in India wan the general trend downward.

Me Walter Fletcher

(Tory. Bury), a merchant whose view: are always heard with atte tion, id that Australia's de- rision has sent a shiver through the export world.

"The Australian action

blow to Cu. almost a

a body

Wils

lidence.

"The export guarantees are mainly used for foreign cover, but we might for the first time see the need for this form of insurance in Commonwealth trade because of Australia. breach of contracts."

90CIALIST THEORY

HONGKONG SHARE MARKET

tho

WB::

(From Our Correspondent)

Business done on the Stock

-morning- Exchange this up-valued at $206,962. Noon Quota-

tions and

the morning's transactions:---- BHARES BUYERS" BELLERS SALES BANKS

MARKED VARIATIONS The report adds that while there are marked variations Common- between Individual wefilth countries, ngricultural production in

many of them appears to have increased re- latively to most other parts of noted the world, But it is that the massive expansion 140 per cent. in United States agricultural output since before. the war was greater than that

Mr Ellis Smith (Socialist, In most countries of the Com- South Stoke on Trent) and Memonwealth. Leslie Hale (Socialist, Oldham)

urged that new

circumstances

need efforts to find new mar- kets.

The opportunities in Africa are umple," said Mr Hale. "The is that trade there is

conference of

I was

trage by politics."

The January Empire Finance criticised,

It

to

The increase in total Com- monwealth cutput, spread over

a number of major

♫

products,

has been specially marked for grains, sugar, tea and rubber.

of On the other hand, output cotton, tobacco antt butler has declined and

In many Cases wartime peaks have not again been attained.

these Factors

underlying

Socialists that the conference changes are shown in the re- to brake

individual up with

pt to vary from country

Climatic conditions tries deciding to correct their own trade balanges without Gil-

govern trends of cul- vation In tropical countries, testion being paid to expansion

and

and soil of Sterling Area trade.

have be- water conservatio

develop- come prominent in ment plans.

Mr Reginald Paget (Socialist, Northampton) said: "I conne! ba- lieve the problems of the Com- monwealth are going to Folved by a process of throwing aut each other's washing."— Lotulo Express Service.

bc

measures

Growth of inent increased

for

IK Bank... East Asia....

INSURANCES

Union

1460

140

720

50 @

American Investment In Japan

Tokyo, Mar. 27. The largest post-war foreign investment In Japun, totalling $19,000,000, has been authorised by the Foreign Investment Com- mission, the Jiji Press ports.

"LA MARSEILLAISE” "MAPLE RILL”

Arriving Teaving

Mar. 31.

Apr.

P

"JEAN DUPUIS”

Mar, s Mar.25

+"ZELIDJA"

Apr.

"LA MARSEILLAIBĖ”

Apr. 11

.†"BEAUVAIS"

1 ..Stay

Outward Tor

Yokohama & Keba

Homeward For Minions &

Salon

Apr Apr. 12 Marsellies via Manila May

N. Atri & Europe,

N. Atrica & Europe

† freight for Sulgon, Alexandria, Tupis, Genoa, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.

Bubject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES P.O. Box. 53, Hongkong Queen's Building (gr. floor) Tel. 20661 (3 lines).

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHA vis SAN FRANCISCO, LOS ANGELES AND FANAMA.

NEXT SAILINGS

"NICOLINE MAERSK"

NON

*M.S.

"PETER MAERSK”.

Apr.

re-

M.S.

M.S.

"SALLY MAERSK”

Apr. 16. May

*

Calling Vancouver.

ARRIVALS FROM

U.S.A.

M.S.

"OLUF MAERSK”

Mar. 30

M.S.

"LEXA MAERSK”

Apr., 19

M.S.

Apr. 28

The Investment will be made Oil by the California-Texas Corporation to the Japan Petro- Icum Refining Company, which was established as a joint enter- prise of the Japan Petroleum American Company and the firm with an authorised capital at 4,000,000,000 yen.

The loan will be used-for- the expansion of the refining facililies at the Japan Petro- leum Company's two reineries at Yokohama and Shimomatsu The combined refining capacity of the two reflueries will, be raised to 1,900 barrels dolly 730 Zrom the current 1,300 barrels.

loam will be given by the Americap firm in three instalments during a three-yea;

SHIPPING

Asta Nav... 1.65 1,726 800 € 1.83 DOCKS. ETC.

K. Wharf XD Dock

LAND, ETC.

14

10 2643 10

4214

100

The

Whenicck *** 42% 200 or period with an interest rate of

four per cent per annum.

Of the total the Ameriera investor will remit $7,300,000 in HK Hotel D 27.735 4000 1.70 cash from America while $8,000,~ HFC and XD $31⁄4% UTILITIES

Tram XO

000 will be lont in the form of spezific equipment and materials. SLI (0) 8.15 840 20.40 me form of technical assist- romaining $3,700,000 wi

Star Ferry XD

13 36.40 100

C. 1 IN) Electric Telephone

15.00

XD 20.20 2014 2000

10% INDUSTRIALS

Cement XD, 131 132 STORES. ETC,

Dairy Walaon

COTTONS

has population

for demand foodstuffs and in some casca,

Lavent prices in London dur The Rubber while, especially in

in

ing the first two weeks of

£070 and March" were Ferrunry £984.

cents

American tin prices remala- ed unchanged at 121.50 per pound. United Press.

CONGO AGREEMENT

Brussels, Mar. 27,

bull

The Belgian Congo Tin Pro- points, the wir'est loss for any

26. The ducers' Ass;ciation has ratified ression since market opened off 1 to 7 points a two-year agreement to sup- 0,000 and broke to maximum losses ply between 7,000 and the

and

Feb.

littid trade

to

The agreement drawn up in

of 30 to 50 points on the noou tons of Un annually hour slump, Covering by day United States. cperators

teadied the market again final- Washingtors last week between 13 but the liat was still off 32 the Association representatives and the Reconstruction Finance to 30 points at the close.

Spot

May

July

October

December

March (1053)

May

Markets

Londan, Mar. 27. Prices of rubber futures cloand today as follows:

Number 1 rubber.

In pence per lb... 3932-22'

31-33% May...

June

July/September October/December

301-

January/March 2013 nominal

United Press, SINGAPORE MARKET

Singapore, Mer. 27. Pribes of rubber futures closed today as follows:-

Number 1 rubber, per ih,

April 42.00 nominal Corporation stipulates that Con-

will be sold at 120

40,80-40.81 30,00-33.57

30.33

30.63

30.52-

38.77 nominat $5.66 nominal United Press.

41.00 40.84-40.00

NEW ORLEANS MARKET

July

Spat May July October December

March (1053) May

July

30.04

30.00 30.60

20.02.bid 30.31 bid 35.17 bid Unlied Press.

New York Sugar Futures

gǝtin

cents per pound, delivered at United States ports. Untler the United previous contract, the States had paid 130 cents.

The United States negotiators also promised to speed the de- livery of much needed tin Conga mining equipment to producery-United Press,

BOLIVIAN APPEAL

Office

La Paz, Mar. 27. The President of Bolivia has cable President Truman what was described as a final appeal for support in solving the con-

between the Įtroversy

two countries over the prices of Un

Both the President's

do and tho Foreign Ministry. New York, Mar. 27. World sugar futures closed clined to disclose the tenor today unchanged to 4' higher the message beyond saying that with sales totalling 484 con- asked that the Bolivian de

mat be met in a jush tracts,

Contract No. 6 closed 2 to a equitable emner. higher with sales totalling 1,023ed the message na highly con

nonimal

contracts,

Contract No. 4 (world)

May

Muly

btd

September

November

Brot

Contract No. C

May

July

Bentenbor

bid

Brot

Mover

Adential.

of

June

11344-2 111-4 May Number rubber, April 153-12183 Number 3 rubber. April 16341-100 Number rubber, April 104-105 Spot, rubber, unbaled, 118-110

77-30 Blanket crepe No. 1 gale crepe

132-INT United Press,

LONDON TIN

MARKET:

London, Mar, 27. Prices of tiny were steady this morning. Turrower was 25 fons, including five tons for cash.

Prices closed at the end of the OTHE

testion morning follows:

100

050!

09

Spot in buyera“ Spot. Un, pollers (s Buknem done at Three-months tin, buyers DOG Three-manihu tie, seiters 06015

964-0631% Business done'st- and

Bettlernent

***United Press.

They creas--

Bolivin demanded 150 Denta

JAPANESE BONDS

Στο

take

20.40ance involving the lease

patents and designs.

Dif

Meanwhile the Foreign Invest- 18.29 181.200 ☛ 181⁄2ment Commission, in authorising

21 219%

the investment, ruled that the Crawford 3192

parties concerned should subm detots of the plan every six months for examination by the commision. The commisión ex-

215

Foreign Exchanges

In NY

New York, Mar. 27.

US$1,00-13/16 2.B0-15/10 2.30 bid. 2.30 asked 2.00% 2.78

In Asia and Africa, increased Canada dependence upon imports.

England-oficial

unomchil Problems

rural. labour have emerged in certain cases,

30-day futuros the more

DO-day futures de Australia highly, organised systems,

New Zealand velopment of mechanisation South Africa and the use of fertilisers have Belgium helped increase productivity.

LONG-RANGE PLANS

Denmark

pects that this type foreign investment will increase

Tw cn, with shipbuilding of major interest Among foreign

investors-France-Presse.

"LAURA MAERSK”

For Freight and Further Particulars please apply th

AGENTS:

JEBSEN

Pedder Building.

CO.

Tel: Noa. 3606G-9.

PATTISON ORIENT LINE

LIMITED

s.s. ""LAURE PATTISON”.

Due From:

Japan,

Mar 30th.

12-14 Queen's Road, Central.

Sails For:

DIRECT Pusan & Japan, Apr. 4th.

Tel. 25346.

́CHINESE AGENTS:

Grain Prices OVERSEA CHINESE STEAMSHIP CO., LTD.

In Chicago

Chicago, Mar, 27. - Commission house selling, in < fluenced by declines in other markets, plus the drop in veget- abla oil prices, forced grain futures lower with the excep- lan of a few deliveries of wheat.

closed J4 higher to lower and soybeans were 1% to 1% lower.

Wheat futures

Prices of grain futures closed

Wheat-price per bushel

2.80

France

196 .01085 .1455

0027-9/16

West Germany

2018

,1403

,0370

.003%

as follows:→→→

MIDDLE EAST

Spel

May

3.0012

July

03125

September

2.01

December

15

Corn

LATIN AMERICA

Spol

072

May

0500

July

-0115

September December

.4125

By:

1.00

May

1103

July

Oxu

760

May

2005

July

FAR EAST

A100

2030

.1730

3015

Bingapore Јарал

da yen to UBȘI -Unliad› Press.

2.8032-3%

2.4291

24TAL-11

1.86 nominal

1.801-14

SAY

New York Flourper 200 b. #dek. $13.40 Nominal,United Fress..

In under-developed coun-lland iries such as Indio, Pakistan Italy and

in Norway 0.9 Ceylon, as well

Portugal Colonlal territories, the

long-Spain range plans now under way in- Sweden

land Switzerland clude reforms of the

other tonuro system and

the Egypt

ITAT! changes directed towartis same end.

Iraqi ox- Turkey Some of

these factors plain the wide variations in

Brazil output per acre or per man-Argentina thus while in many cases crop Bolivia

been raiset + for Chile ylelds have certain basle crops the upward Columbla

Cuba trend has become less marked. Kinnico The price factor has played Peru

to Uruguay, relation nctable part

in Venezuela production trends, because all the main Commonwealth

India countries, the prices of agricut Pakistan. tural products appear to have Hongkang risen, more steeply than general intercal

levels. prico

On the other hand, it la clear that bulk

arrange-·· purchase

contracts ments or long-term

New York, Mar. 27. have limited Seeds And Oils casco in come

Railroad shares advanced to price movements while devices such as export taxes

New York, Mai 27 the highest point in nearly 21 have been used to lessen the Prices in the ecets and ols years on the stock exchange Impact of world prices on the market closed today unchanged with transactions picking up to domestic market.

wh the following exceptions: 1,380,000 shares, the most

Tung oil, in tank cars, F.O.B. nearly three weeks. Olla were New York, per lb., 80%-4 cents, also strong, with a number

Peanut oil, per 1b, F.O.B. New pivotals scoring wide advances.

Other advarices), werd York, 18 cests,

other

Problems of production have been paralleled in the trade sphere...

A COMPLEX - Population in producing countries has increase to FOB. Bozillan pont, $185,

New York Stock Exchange

Caster Sec "her Jona ton reactions the first gea

48, Bonham Strand, West, Tels. 20127, 31118 & 31119.

m.v. “LA MARSEILLAISE”

will sail for

YOKOHAMA & KOBE.

on

Tuesday the 1st of April at 8 p.m.

Passongers are requested to board the vessel with their cabin baggage on the 1st of April, between 4 p.m. and 7 p.m. Baggage Room and Hold Baggage will be registered at Kowloon Godown No. 50 (No. 2 Gate Canton Road, Entrance) on the 1st of April between 9 a.m, and Noon only.

No Baggage will be registered after this time.

COMPAGNIE DES MESSAGERIES

MARITIMES

Queen's Building,

of

mostly

PRESS PHOTOGRAPHS

marked extent and the resil Tex soud, per bushel F.0.B. In four Besions: Of 1,071

tant increnno, in domestic con Minneapolis, $3.914, United Izsues tra

ited issues traded, 687- advanced. Copies of photographs

sumption of tome foodstuffs has prosa,

reduce exportable surpluses

́or, in some cases,

not imports for fiet exporta.

Examples of one or other of

subet tuto Exchange

Rates

73

50

This

113

word

unchanged. 274.

...

declined: UUlties were mixed, taken by the South China confirmed, despite the wagd Morning Post, South China * Post-Herald; and, dispute and motors and motale Sunday advanced. marief those tendencies can be found Business was done in the local

finofficial exchange

Dose Jonce averagessa | China - Mail Staff Photo- In Canada, Austrália, South moming-at-the" Zollowing rate: 180 Industriais (+ £68.21/

graphers are on view In Aftica and Indla, za d) (Us...adallar (pen GP:

20. ralis cs

02.33 The Moming Post Building.. This complex of factors helps Buning note par, £13.

50.03 100) 22.07 127% to explain why experts have Indonesia guidare per

40 bonds

179,09 Bingapore (Skratta) 52%, not risen walformly and why amicale per

-United Press. Pross there have been substantial, sic phatree-

a pound for ting **The Recon-

London, Mar. 27. struction: Fianco Corporation, Japanese bonds

(4 of 1000) sole purchasing" ugent for the

"3" (42 of 1810): United States, offered 112 penta

MCA (55, 61, 1807) However, since the offer was

-"D" (Ba::of 1934) maile, the United States has

"E" (522 of 1984) agreed to pay Britain, 118 cols

Congola for Malayan Un, United Pres

ORDERS BOOKED

Tel: 26661.

SOAPY WATER

IS GOOD FOR PLANTS:

USE BATH SURPLUS IN THE

GARDEN.

WATER IS PRECIOUS,