1952-04-08 — Page 9

THE CHINA MAIL, TUESDAY, APRIL 8, 1952.

Pago

MESSAGERIES MARITIMES LONG-TERM REMEDY FOR ROYAL INTEROCEAN LINES

MOM

Arriving Leaving

!!... App,

"MAPLE MILL" "LAKE MICHIGAN" .... Apr. 14

"LA MARSEILLAISE" {"DEAUVAIS"

Outward For

Homeward For

Apr. 29

Japan

Apr. 12. Apr. 11 Atay 1. May

utaellies via Marlis

↑ "N, Africa & 'Europe.

† freight for Saigon, Alexandria, Tunis, Genoa, Marseilles, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterrancan ports via Manila.

Subject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES P.O. Box 58, 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. "NICOLINE MAERSK"

M.S. "SALLY MAERSK"

M.S. "LEXA MAERSK"

M.S. "LEXA MAERSK"-.

M.S. "LAURA MAERSK"

ARRIVALS FROM

M.S. "LEISE MAERSK"

Apr. 16

May 2

May 16

U.S.A.

Apr. 18

Apr. 28

May 13

For Freight and Further Particulars please apply to:-

AGENTS:

JERSEN & CO.

Pedder Building..

Tel: Nos. 36066-9.

PENINSULAR

& ORIENTAL

QUIS NOS SEPARABI

STEAM NAVIGATION COMPANY

R.M.S. "CANTON”

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

FRIDAY the 11th April at 5.00 p.m. for the UNITED KINGDOM ` vlu 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 10th April, 1952.

21

India To Trade

With Italy

New Delhi, Apr. 7, India and Haly have conclude their first post- wor ira:le AFTENKSMAN whereby

mutual trade facilities and shipping aro encouraged,

Haly

Goods exportable from Rilk-work. Include seefs, industrial fornaces, various kinds of machinery and tools. India w. ex- olls, port Inreed, castor spices, tea, coffee, man- ganese

cotton, silk warte and shells-United

Press.

ore.

Slump In Malaya Feared

OVERSEAS TRADE

BALANCE NEEDED

Australian

1

Bank's Opinion

Referring to the recent steps taken to reduce imports into Australia, the "Quarterly Survey" of the Australia and New Zealand Bank Limited states:

"Even though import restrictions have been. considered unavoidable under present conditions, it is still important to stimulate exports in a positive attempt to provide a long-term remedy for the oversea trade balance."

After drawing a distinction between the quantifles of wheat and meat production in Australia on the one hand, commodities which are sold under Government- controlled prices, and wool production on the other, the Bank points out:

"Government controls are "In Australia

HONGKONG

SHARE MARKET

(From Our Correspondent)

Business done on the Stock

"EASTWAY

Apr.

SAILINGS

*VAN BRUTEZ" Apr. #th "STRAAT KORNDA” Apr. *Ch "TJIBODAS"

Apr. 31th

"TASMAN" *THLUWAII"

"TASMAN" "THWANON

TJFÖNDOK"

"STRAAT

MAKABRAN" "EASTWAY "TEGELDERO" OTIILUWAD"

*RUYE" "TASMAN"

JIKAMPEK“

"TJIWANGI"

*TEGELDERG"

**THIBODAS”.

“TJILUWAH”

Apr. 1211

Apr. 181

May

2nd

May Ind

May 7th

May 8th

10! May May 15011 May 18th

เ

Kingapore, Djakarta' &. Belawan Tell Bingapore Kaat Atelen

Standing: Mugapoyo, Mombasa.", Ban

Marques & H. Africa

Djakarta, Tjirebou, Semarang,

Burabala 4 Macassar

Зарас

Kingapore, 13Jataria. Sentara.

aŭrabála S MARRASST

Singapore. Pasang & melawan- Dali Bingapore DJAMKETA, Gemarang,

Barabjia * MACHILAD

Djakarta,

Tjirebu, Semarang,

Surebashiscasser

Afandia, Bingapore, Mauritius, #. Atrica

B. America

Зарап Jabat Hingapore.

jakarta, Buradala & Macassar

Japan

May 22nd

May

24th

Japan

May 21h

June

jakarta,

:

Nemetery,"

Threbon, Sepang,

Burabala & Navassar.

Djakarta, Semarang,

singapore, 2nd-

Burebala Macassar- Manlia, Hingapore,

Mauritiu

8. Africa & 8. America Djakarta. Treban, Benincang.

Murabala Maraktär

jakarta, Semarang.

Singapore,

Kurabala Macassar

}

DJakarta, Memasang

Hürabala & Macar

Manila, Aincapers.

E. & H. Airlea

June 312

June 13th

June 16th

*TJIPANAS"

TJIWANGI"

June 17th

Japan

"VAN BEUTSZ." “TJIVANAS”

"TJOOŃBOK"

"nur"

"THLUWAIP""

+212

July 110 July #tla

Bil

Zad

Tingapore.

Зарад

July

July, 8th

July 16th

ARRIVALE

10 230

730

De

TASMAN"

*TIILUWAH"

"TJIWANGI" "

"EASTWAY"

Apr. 12th

Apr. 10th

Mincasat.

Apr. 28

Exchange during this morning's acssion amounted to $319,323.35. Noon quotations and the morn ing's transactions:-

today, market į SHARES BUVENS BELLERS SALES

BANKS

HK Bank 1070 1300 50 1385 East Acia... 10 INSURANCES

not the answer to the price is often not recognisable as problem of raising the out- the basic determinant of returns

to the producer," tural and pastoral indus- put of Australia's agricul-

tries.

Commenting on price/control, the "Survey" points out: "Pricei control Is clearly futile if it keeps down prices at the expense

Craton

Union

Underwriters

HK Fire SHIPPING

Singapore, Apr. 7. Merchants here fear that trade slump will hit

"If Australia is to achieve a Malaya, more particularly Singapore, if there is fur-significant increase in output of restricting output."

the is important to restore the incen-

The article comments that Im- ther deterioration in

Dock provament la meat supplies, re- entrepot trade with Ir do- tive of a flexible system".

goes on to say: Recent exquires a a "revolutionary change пелін.

perlence

Australla

alla points of attitude toward

was

In

It

marketing!

In this lad fix months, there plainly to the fact that price is

Stamps Nas been a big bre

to restrain prices The

reviews "Survey revi and exports.

for the benefit of consumers in of significant factors Australia and overseas have so Singapore's prosperity

number being affected by a number of affecting production, and con- discouraged production that it factors, the chief among which cludes: In the final analysis were lower rubber prices, the

is clear that if producers are not

nationalistle trend in Indonseiat production depends on incentive, allowed the returns they desire.

and, more recently, the rupiah and the final determinant of in- devaluation and heavier exportcentive is price.

the

lido-

duty inpused by Arsion Government,

Exchange controls and other trade governing regulations with Indonesia had caused steady decline in entrepot trade,

de merchants said,

£4

"Increased prices of foodstuffs bring their and raw materinis own problems, but we are faced with the difficulty that if we wani more food we must be prepared to pay for it.

"There can be no doubt that

A leading produce Importer Australia has the resources to Colony's trade produce vastly Increased all that the droles feared that Indonesian quantities of food. The problem

that ship is, one of ensuring

the producers were trying to

coun- materials and equipment arc goods direct to consumer tries' instead of through Singa- provided, and that incentives to individual producers are suf-

stimulate a Acient to

really significant increase in output."

STEEL PRODUCTION

Prospects for increased steel In Australia arc by the "Quarterly

This, he said. had led to lower prices in the Singapore produce market with dealers unable taj make competitive offers to con- sumer countries,

་

consumers will not receive the quantity they need."

FOREIGN

EXCHANGES

IN N.Y.

Denmark France

New York, Apr. 7..

unofficial

30-day futures

The imposition of Chancery,

by Indonesia for export production goods from Malaya to Indonesia reviewed had also affected trade

and Survey."

Additional plant and improve- went Germany restricted

of the movements

over- ments in steel-making practice | Halland ПLOW Foods, which ane

tocked both in Singapore end will raise annual capacity of the Italy

Malayon the

Federation, Australian industry from 134 Norway

Portugal million to 24 million tons by Spaki -1959.

Sweden to Switzerland

Reular.

on

US$1,01-15/16

2.8 E

Asla Nav... 1.70 1.75 DOCKS, ETC.

K. Whart XD TU N. P, Wharf

....... 16.20 Provident XD Wheelock LAND, ETC.

May 10th

renare.

Djakarta, Tilreball, Semarang,

Surabala & Macassar Mantia, Blagaparo, Mauritius. 3, Africa

48. America Singapore, bjakarta. Semarang

Murahala de Macassar

From

Penabe, Belawan Dail, Palensbang,

jakaria & Singapore

Nuraba,

Semarang.

Djakarta & Singapore

Singapore,

Bjakarta, Semarang,

Burabala & Macaviar

Djakarta, Belawan Del & Singapore

General Agents,

HOLLAND EAST ASIALLINE

"HLITAR"

"HOOGKERK"

6.00

10 1050

144%

330 11

800*10:30

200 g 4%

SAILINGS. TO BUROPE

HK Land XO

4315

IK Land (B) HK Land (R) S'hai Land .. Humphreys

"KIELDRECHT"

May

3th

"AAGTEKERK”

Виде

7th

12

July

Aug.

15.20

300 1550 100

| SAILING FROM EUROPE

Salla flatterdam

2010 of 8.10

500 4 8.30

Halled Alar. 5th

C. Light (N)

030 ur 3.4

Apr. 4th

Hay 10th

May

Zad

Juno

-333 in 2012

1030 i 2014

May July

28th

July

4th

Aus.

750 0

ST 28015 TO

UTILITIES

Tram XD Star Ferry XD

C. Light (0) 8.15

-15.20

Electric 2020 2011⁄2 1200 @ 2014

Telephone INDUSTRIALS

10 18.76

Cement XD, 13.30 13.80 200 13 Rope XD... 164 STORES, ETC.

Delry XD 14.00 16.10 2500 18.00 Watian... 2015 Watson (R) -110 L. Crawford 32 COTTONS

30 MISCELLANEOUS

Yangirze

!... 315

3.30, 200.64 %

3000 @ 2.30

COCO or Bl

The Rubber

Markets

Prices

futures

London, Apr. 7. of rubber closed today as follows: Number 1 rubber, in pence

3112-36

Canada

England-official

2.804

2.34 asked

2007

# 90-day futures

2.30-4

Australi

2.23

New Zealand

2.00

South Africa

201

Belgium

.010034

1455

0023-8/16

AND

2033

.1405

0370

per B.

.ÚXUS

May

0033

Jure ...............

2200

July/Reptember

Octcher Decrniber

2.80

.03125

5375

0725.

15.00

D110

today as follows:-

Member 1 rubber, per 18.

1,00

May

10034-110%

100 -100%

.1125

July

0470

Number

rubber.

May

3005

Number

rubber,

May

21:0

Number

4 rubber.

Atay

The "Survey" goes tonsider the supplies of labour MIDDLE EAST and coal.

Egypt Iron req

28 PER CENT DROP

Singapore, Apr. 7. The decline in rubber prices, devaluation of the Indonesian ruplah and high Indonesian ex- The labour force is being port duties have resulted in a 20 steadily expanded as a result of Turkey

cent drop in Malaya-Indone-several factors, but is still far LATIN AMERICA short of requirements.

per

Argentina Brazli

ela trade.

Merchants, with extensive "Improved supply of Immigrant Revie

Chile a major con- dealings with Indonesia, have labour has cen

the had to adopt more cautious sideration, while

critical Colombia

Caba need for housing has been met Mexico trade attitude, especially with the fall in world demand for In- to some degree by the building Peru

the Common- by donesian commodliles.

"t hostels Malaya exports vast quanti-wealth Government and by the FAR EAST ties of textiles and consumer steel industry

Itself, and by Indla

activities | Peidstan goods to the Indonesian islands. housing construction

Uruguay,

Venezuela

In return, Malayan traders bring of State Government authorities." Hongkong back raw materials-rubber, pices, copra--which are shipped

to Europe and the United States. -Associated Press.

MOST CRITICAL

But the most critical requisite

for expansion of output appears to be coal.

SPECIAL NOTE: With the exception of hand packages Grain Prices being installed to process coal

carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading on board by ship's slings only.

EMBARKATION: Will take place on Friday the 11th

In Chicago

Chicago, Apr. 7. Prices of grain futures closed tedry as follows:-

Wheat-price, bushel

April between 2.30 p.m. and 4.00

Spot

p.m.

May July

September

December

உ

PATNISON ORIENT LINE

5.6.

LIMITED

"LAURE PATTISON"

Due From:

Corn

Spat

2.51% nominal

2.1016 -2.42-45 2.44-2.48

May

July

September

December

1.07-1.8014 1.0316-14 1.347 1.00- 1.7176

Iye

May

1.08

July

1.934-

Dals

May

0214-71

July

0116-12

New York four-per 1200 lb. Sack $12.30 nominal,-United Press.

"Additional coke are

Into coke for the blast furnaces, so that Australia will have the plant to produce greatly in- t iron and providing the

les

creased steel in coal is available.

"The restricted output of the blast furnaces in recent years hos governed by the limited

been

of coal available, but supplies the position has been steadily Improving.

Thus the Increased COAl production of 1851," continues the Survey, largely explained the improved levels of iron and steel production,

"Since the mines resumed. In 1952, coal production has been in keeping with 1951 lovels,"

MEAT PRODUCTION

The "Quarterly Survey" als- cusses prospects for meat pro- duction in Australia under the

JAPANESE BONDS enquiring title "More Meat from

"E" (51⁄4m bf 1934) Consols

Australia?

The article points out: "Tho rise in local nonsumption per

head is the major

(actor ex-

Indoneala

Singapore Jogen

360 yen to US11

-United Press.

January/March

30 -30%

United Prece.

SINGAPORE MARKET

Singapore. Apr. 7.

Prices of rubber futures closed

Spot rubber, unbaled

Blanket crepe

No. 1 pale črepe.

101 -108

10415-198

300 -102

1103-111 70+78 134 135

United Press.

NEW YORK MARKET

New York, Apr. 7, Crude rubber futures closed

New Decline unchanged to 35 higher. Sates

In

Cotton

New York, Apr. 7. Catton futures steadied today after an easy start but closed en lower ground for the third res- sion in a row. Prices closed to- day as follows:

Spot

41.65 41/42-41.43 4049-40,40

May

July

October

December

37.10

March (1953)

3000 nominal

May July

Ünited Press.

NEW ORLEANS MARKET

Spot

May

July

October December

March (1043) May

July

41.85

41.43

40.40-40.47

37.43

37.13

30.03 bld

30,69 bld

United Press.

60% plaining retention of increased New York Sugar.

0047

quantities of ment

with fall in export

And the scope for a further

rise in consumption is Indicated

London, Apr. 7.

Japanese bonds

"A"

(45.

of 1000)

75

Sails For:

"E" (43.

of 1910)

ር። (ዕጸ-

of 1907)

118

Japan,

In Port.

DIRECT Pusan & Japan, Apr. 8th,

"D" (5s. of 1834)

83

129

Cume

Loading Fromi / Apr. 7th.

Sails For:

DIRECT Pusan Apr. 15th..

. 12-14 Queen's Road, Central.

Tel. 25846,

30 industrinin Foralla

39 tilities

40 bonds

5.s. "ADELANTO”

CHINESE AGENTS:

OVERSEA CHINESE STEAMSHIP CO., LTD.

48, Bonham Strand, West, Tels. 20127, 31118 & 81119,

by the fact that local consump

pro-war Agure,

NY Stock Exchange ton per head is still below the

New York, Apr. 7. "Australia's Dow Jones overages at the

01.21

'current

meat

Futures

New York, Apr. 7 World augar tuuros closed today unchanged to 3 higher with sales totalling 135 con- tracts.

10 contracts. September

December

34.00-34,05 32.70 bid Spot No. ribbed smoked cheets 48-Associated Press.

LONDON TIN MARKET

London, Apr. 7.

duli and Turnover

was

The market easier this morning.

was only 20 tons of which five tons

for cach. Prices were closed at the end of the official morning session as follows:-

Spol tin, buyera

Spat tin, liers

Busincs dene at

Three-months tin, buyers Thrtenner the tin, cellers

Business, done at

Seinement

001

200

+36

nai-14

B611

United Press.

Pepper Market

"KIELDRECHT"

| "AAGTEKEEX"

New York, Apr. 7. The pepper market was quiet and easier. Spot material was at around Indicated nominally

$1.12 a pound or cents lower

than Friday's close.

Stocks awaiting release and quoted at nearby afloats were around $1.11 a pound." Local rescuers indicated April ship- production cannot supply enough Contract No. 6, closed un-ment at between 31.80 and $1.10. end of the stock market, session

imeat to

to feed

-her people at changed to 2 lawer with sales a pound, ali on an ex-dock stood as follows:-

243.30 Pre-war levels,"

01 contracts. totalling only sure stimulus for Contract No. 4 (world) ment production is to assure May you 17.4 producers of adequate returna | July,

for their

states the September their products,"

November, Spot is not simply a matter of New York, Apr. 7.

and May prices: Copra was quoted today at providing stable $120 per shortion, nominat, higher net returns, hut also of Cocoanut oll was traded

confidenco

•In the eptember at restoring 2% to 8% cents y'a pound,market as the baile determinant United Press.

of prices.

United Pre

November

biela-United Press.

4.35 bid

4.38 bid

430

bid

4.29

Exchange

4.35

Contrust No, a safe isan

0.67. 4.00

.:

Rates:

BISITIDAS WAT done in the toest

"DLITAR"

"HOOGKERE"

"ARENDSKERE"

Arrives Hongkong

April -111h

BEND LINE

FAST SERVICE TO UNITED KINGDOM AND CONTINENT

RY

S.S. "BENCRUACHAN”

Loading Hongkong 18th and 19th April

DIRECT FOR "SINGAPORE

THENCE

HAVRE, LONDON AND HAMBURG.

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

York Building.

Tel. 34165 & 38710.

M.V. “LA MARSEILLAISE”

will sail for

MARSEILLES

via

MANILA, SAIGON, SINGAPORE, COLOMBO, - DJIBOUTI, SUEZ & PORT SAID

on

Saturday, the 12th April, at 10 P.M.

Passengers are requested to board the vessel with their cabin baggage on the 12th April between 5 P.M. and 9 T.M.

Baggage Room-and-Hold Buggage-will be registered: ut Kowloon Godown No. 50 (No. 2 Gate Canton Road, Entrance) on the 11th April between 2 P.M. and 5 P,M. and 12th April from 9 A.M. to. NOON.

No baggage will be registered after this time.: Compagnie Des Messageries Maritimes Queen's Building.

Tel: 26061.

ESSENTIAL SUPPLY CERTIFICATE DECLARATIONS

Unofficial exoliange market this SOUTH

morning at the following rates: U.B. doller toer (1)

Sterling, note (per 1) LOO

8.00 bis Indonesia, guilders per 180) .,: Siam Licals (per 100)

5.05

United 'Preis.

Singapore traite):

FIC Diaries (per 100)

14.20

Forms 3, 4 & 5 as amended by the

Government of Hong Kong

NOW ON SALE

at

CHINA MORNING POST LTD.,

Hong Kong & Kowloon,

These amended forms are now in force,