1952-04-14 — Page 9

MESSAGERIES M

"MAPLE. HILL"

Arriving Traving

THE CHINA MAIL; MONDAY, APRIL 14, 1952,

MARITIMES TORY CRITICS SURPRISE M Intense Criticism Of Butler Proposals

Outward For

Apr.

15

1 MAY

Japan

"LAKE MICHIGAN" May

"BEAUVAIS"

Homeward For

May 14

May 17

June

N. Africa & Europe

"LAKE MICHIGAN" ..June

5

N. Atelen & Hurope

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

Subject To Change Vithout 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: WYORK, BOSTON, BALTIMORE & PHILADELPHIA via

LOS ANGELES AND TÄNAMAT NEXT SAILINGS

SAN FRANCISCO, LUS

M.S. "NICOLINE MAERSK"

M.S. "SALLY MAERSK"

M.S. "LEXA MAERSK"

M.S. "LEXA MAERSK❞

M.S. "LAURA MAERSK”

MS. "LEISE MAERSK”

ARRIVALS FROM U.S.A.

Apr. 17 May

2 May 17

Apr.

18 Apr. 28

May 13

-For-Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN

Pedder Building.

Slump

& CO.

Tel: Nos. 36066-9.

In Textile

Likely

Industry Το Be Intensified

London, Apr. 13.

The worldwide textile slump has sandwiched European manufacturers between dropping export markets and tightening domestic demand, and all signs indicate that the situation will get worse be- fore it gets better.

the large textile-producing coun- Worst hit are tries-Britain, Belgium, Switzerland and Italy--where output has dropped as much as 20 per cent so far this year.

Production is stable or

threat 1h10 in- fully despite

转让 warned that creasing in only a few countries saturation.

workers in such

of

as Germany, France, Ire-textile

un-

Peking Plans Trade Fairs

Taipei, Apr. 13.

00

The China Unton Press today reported that Peking is planning to hold mercial products exhibition simultaneously, in three Japanese cities in a bld for Japanese trade,

A Sino-Japanese Friendl ship Associatlon has been formed to sponsor and pro. mote the project and, at a meeting held on March 28. decided to hold exhibition

in Tokyo, Osaka and Kobe tn the near future.- France-Presso.

JAPANESE IMPORTS

OF RICE

Campaign By Back-Bencher Gaining More Supporters

(FROM OUR OWN CORRESPONDENT!

London, Apr. 13.

The Chancellor of the Exchequer is meeting strong opposition to two of the most important proposals of his recent Budget,

That certain aspects of the Budget should come under attack was. probably no more than the Chancellor expected; but what must have sur- prised him was the intensity of the criticism from his own supporters.

Midway through the debate on the second reading of the Finance BUI five Conservative back-benchers. led by Mr Ralph Assheton, Chairman of the Conserva-· tive Members' Finance, Trade and Industry Committee, put down a motion calling on the Government to reconsider their proposals with regard to the purchase tax "In order to alleviate the rising unemployment in the textile industry,"

In spite of this additional pressure, however, Mr Butler refused to allow a "tax-free holiday" for textiles or to consider adjustments and reductions in the pur

chase tax.

decision was This

a great the Government than the cam- for abolition of the disappointment to Lancashire-paign whose spokesman had pressed purchase tax on textiles.

There are many aspects of the abolition of the hard for total

levy which are purchase tax on collon and exccas profits rayon goods-and the Conserva- clearly inequitable and there h

of there tive buck-benchere, with one been very full discussion

to let their in the Press and clsewhere sinre: exception, decided

details of the ltyy were first motion stand.

Other Members

joined the announced in the Budget.

the three base

Tokyo, Apr. 13, Ex-Forestry and Agricul- ture Minister Ryutaro Nemato, on his return from campaign and the

motion now Nobody likes

have

Electric Power From Volcanoes

Home, Apr. 13. The Italian State-owned petrol company Agip is Drospecting large areas of South Italy, and volcanle Islands, with

tho explolling volcanoos to electric power.

view 10 best of

produce

One experimental power

ROYAL INTEROCEAN LINES

"ABMAND "THIWANDI

"TJIPONDOK"

TEQELDENG"

"TABMAN" "TJIKAMPEK”

"TJIWANGI"

"TJIPANAB" ́~TEGELBENG“

*THIBODAL"

SWILING AG

Kingapore,; Djakarta, Semarang,

...Surabala & Mačanar

Kingapore. Ponang- & Belawan Dati

jakarta,

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Japen

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& 8. Aberton,

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May

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May Slay DELI

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May 21st My 24th Day 27th

June 2nd

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June 常 June 13th 1

June 181

·July 200

July Bil July 114 July #1

July ROM

Japan

Janon

Manita,

July Juty. 10th

Sin

*STRAAT SOENDA" July 11th

July 1611

'TULUWAR*

*TJIWANGP "TITJALENGKA" OVAN HEUTIZ" "TJIPANAS

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July 28th

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Singapore, Arauritius,

9. Africa & 3, America

Tiirebon, Semaraiz,

Tjakart

Surabala incassar

Singapore,

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Surabala Macassar

Manila, Ningapore, Mauritius, 5, Afric

8. Americ

Japan Дарад

Singapore, Njakarta. Semarang,

Surabala & Maraisar

Japan

ARRIVALS

Apr. 14th

Aur. 28th

Ant. 30th

May 106h

• Macassar,

From

Burabia,

Diakeria & singapara Sjarapore,

Djakarta,

Búrabala & Macquar

Semarang,

H. America, B. Africa, Maurias,

Bingapore & Djakaría

Djakarta, Relawan Deli & Singapers

General Agents,

HOLLAND EAST ASIA LINE

100 Station4-already-function.RILLBAKGHT”.......

a trip in Southeast Asi+hello-support-nt 16-members yeargen U said it is possible for Japan the Government porly. One agging a company's ability

Minister said.

one been pers to this new impost.

Liberal and 16 Labour members.

In the first

was

hug

devalued,

to import a million tons of Mr Assheton has now carried to

a year-1947 rice from Burma and Thai-the campaign further in a letter place they include a

as the National "The Times." He points out during which, 10 land.

of essential needs Union Manufacturers that the three

industry was partly The Former however, that it is difficult for fare fo: facd, houses and clothes. I painted out, fuel crisis,

The Government subsidise paralysed by Jupon tu import as much rice

they include the year:

Sterling On the m as she wants from Burma and houses and food, and shortages

of these have arisen. Thailand.

Government But, broadly speaking, the other hand, the He revealed that Burma promise "grievously high" taxes major criticism of the choice of

to export 70,000 tons of

in 1952 on textile products and "of these these three years is that it fixe: to this country rice

ny's "standard" is a great supply a company's

prait In the first and goods there 35,000 tons

which cannot be sold at home or to the level of those -second-half-of-the-year...

during a period when_many_-_ According to Mr Nemoto, anroad.

dustries were still recovering Thailand may be able to meet

from the effects of the war. Japan's request for the export

LITTLE HOPE ef 100,000 tons of rice In the

This applies particularly Urst half of this year.

rubber and tin coimponles operai- Ing in Malaya.

the

he

TWO SUGGESTIONS

vlew it In Mr Assheton's will be impossible to sustain the high rates of purchase tax on This means, he added, that the products of "depressed - Japan may be able to get at dustries." He expresses grati- last 150,000 tons of rice during tude for Mr Butler's decision that period.

speed up defence orders for Mr Nemoto said he called on woollen and colton textiles

Thai

Government to export which

"welcome cails a 100.000 tons in addition to the palliative" but goes on to suggest 300.000 tons already requested.

sted.wo further steps that should be "Although both

tries taken to .countries.

to meet the short-term friendly term extremely thete" Mr Nemoto went Sympath

whether is not certain Japan will be able to import us much rice, as she

wants from them because of their internal polities and orders from other

were

En,

nations."-France-Presse."

Quick Work By Oil

Scientists

arci

1. To remove the purchase tax. This, he says, would have a great psychological effect and would help to start people buying again. It would also be a great help to manufacturers, particularly of quality goods.

"The purchase tax," he adds

"distorts trade seriously.”

carmad

To

ins ол Volcano

Island,

near Stromboli, and is pro- ducing resttils.

Drilling will

slopes

of Vesuvius begin soon.

The energy reserves of Italian volcanoes are prac. tically unlimited-Londen Express Service,

British Oil Interests

SAILINGS TO EUROPE

'MAGTEKKOLE"

June

7th

BLITAR

July

"ROOGKERK"

Auz.

3th

SAILING FROM EUROPE

Salis Rotterdam

Arrives

Hongkong

"KIELDRECHT""

Salled Mar.

5th

April

itats:

"AAGTEKEBK" "BLITAR

Apr

alay

1401

Bay

2nd

Jone

7th

Kimy

July

att

July

2nd

Aug.

12

"UOOOKERK” "ARENDSKERK"

In Egypt BENLINE

Speculation Over Company's Future

The National Union of Manu- facturers hos suggested that the Government should extend the base

include 1950, giving years to the

the choice taxpayer

of any

London, Apr. 13. two of these four years.

News that a second Big There seems to

to be little hope, American oil group is stop- however, of the

Chancellor ae- cepting this proposal. His reason ping all drilling and explora- for originally excluding 1950 was tion in Egypt has given that company profits in that year rise to speculation about the were unduly inflated by 1lic eflects of the Korean war.

future of the principal Bri-

On another aspect of the levy, tish oil interest in that however, there is good reason country, the Shell-controlled

FAST SERVICE TO UNITED KINGDOM AND CONTINENT

BY

to believe that the Chancellor Anglo- Egyptian Oilfields, S.S. "BENCRUACHAN”

might Introduce some amentiment

to meet the case put forward by writes Ernest Eve, City 'many

critics.

Editor.

This concerns the alternative The company is subject to the Loading Hongkong 18th and 19th April method of calculating standard same disabilities in prospecting

Яelds a our profts under which a company and developing new

whose profits were undilly low were the Standard Oll and

during any of the bose years is Socony-Vacuum concertis permitted to bring inio the buve withdrawn.

can show

2. To take advantage of the large Sterling balances of nearly

£1,000 million which Colonics have here. They

which represen: the

the pent-up demand of our Colonies for goods which we could not fully supply."

These disabilities were imposed percentage Di average a Axed "I am sure," he says, "that the their paid-up share capital. by the Mining Laws of 1848,

be Government will

active in

Government which THIRD ALTERNATIVE

instituted London, Apr. 13,

steps to

This is considered by many control of prospecting and pro- Lightning selenuific work by taking the necessary an oil research laboratory has enlarge Colonial demand for our directors to be unrealistic as most vided that exploitation leases

and

Lancashire must companies

only be a wide could granted nade possible current tests of goods,

difference between their nominal Egyption companies. the world's supply them at the right price. prove what may

JAP COMPETITION

What made this a really im capital and the real capital ac- deepest producing well-a bore-

deep at Allen. "We Conservatives are great fully employed

their possible condition for foreign oil hole 18,060 Eastern

concerns was the Company Law bellevers in Imperial Preference business. Parish, Louisiana, USA.

A few weeks ago when a

and it should be extended."

To meet this argument Mr of 1947 which required that 61 land and Norway, but even so France will gradually be

Mr depth of 17,836 ft was reached

Assheton fails to make Butler has indicated that he is per cent of a company's capital. there is

some unemployment employed if the problem is not

to explore the whether on founding or on high temperatures abnormally of local sales resistance. solved soon. because

encountered caused gelatination of clear just what steps he believes prepared

the

could take to possibility of introducing a third increase of expital, should be In France, production is

Government

for Egyptian all available drilling muds and enlarge Colonial demand" for alternative boged on net assets earmarked the Increase but statistles are

threatened Government cause many are now working

Project with

nur textiles. Part of the trouble of a business, deceptive. A

abandonment. week that three or four days a week or

is that Lancashire has been But he added a warning that spokesman said last

The oft company's chemists is that unable

ไป

for then that even; I should have 10 there

have reduced hours per shift. was full employment in

10 evolve

compete some were alerted

with markets

the reconsider Colon lat

the percentage Alsace and Lorraine only

10 overcome | Alona new preparation cause of social welfare-minded

To du so they must offered." within 48 Japanese. threat and This

То "the

other uncertainties industrialists who still produce

hours a suitable drilling mix- reduce their prices; this is the

remedy which has been suggested which industry now has to face, ture has been perfected. to fils achievement-thought to by many Independent observers, the excess profits levy has proved

On the other hand, however, it distinctly unpopular.

Mr be of major importance in ad-

Butler's promise. drilling Is rict easy to follow Mr Butler's ultra-deep vancing

that removal of the "examine any just claim that technique was the first fruit argumen:

com- purchase 10x from textiles can be put forward" has there- of a five-year research paign into drilling completed at the oil company's r laboratories.

Prices Of

ori The extent of the unemploy-

'ment is difficul to

Keuge be-

be-

LANCASHIRE SLUMP Many British mills close

for

a fortnight over Easter, cutting

the month production for

about 60 per cent of last year's butput.

Latest estimate of unemploy- ment in Lancashire is about

Non-Ferrous 100,00

Metals

:

New York, Apr. 12. Major non-ferrous metals prices:

Copper-24,5 cents a pourul, delivered. Foreign, 27.5 cents, New York,

In Belgium, nearly a third of the textile industry's 100,000 workers are unemployed.

In Italy, there are about 110,- 000 unemployed in the textile industry, an increase

over a year ago.

the

of 15,000

from

In Germany, working hours have been reduced.

Increasing competition Japan and general world over- were blamed by Lead 10 cents a pound, New production

must textile men in Britain for York; 18.8 cents, St Louis,

dropping oversens sales. Zinc-10.5 cents 11 pound,

French producers claim that East St. Louis,

German: Italian and British Aluminium-19 cents mpound,

squeezing Into the Ingots shipping point.

Purs, 18 goods are

French markets, especially in cents:

North Africa.

truda Agures show Italian lumps ranging from 32 per cent in wool exports to 58.5 per cent in rayons-United Press.

cente

Antimony-53.35 tand, cases (less than carload lote), New York. Buik, 50 cents, carlots, producer's plant.

Manganese are$1.22-$1.27 long ton unit (22.4 pounds), India Cc, e..., US ports, duly

Ferromanganes$105

extra

gross ton, shipping point."

Nieltcl53,5 cents mount. electrolytic

Port oathades,

duty Ontario,

Colboro,

included,

Pintium-590

US

ounce,

Ship Purchase Discussions

Rio de Janeiro, Apr. 12.

been have Negotiationa started between representatives of the Japanese Industrial Ex- in Brazil and the

wholesale; 509 retail, New York. Silver 80 cents an ounce, New York; 77, ponce, London. hibition

Pin-31.215 pound, New Brazilian Government for the purchase of Japanese constal Dessels, according to the news-

paper "Diario Popular.

York

Quicksilver 3206—$200 fisk (70 pounds). New York,

Tungsten are~$70 a ton unit The tonnage of the whipa from 2,000 jo (20 pounds), calling price would range:

2.500 tons.--France-Presse. Associated Press:-:- 1*

the

nationals.

an

in

MUST DECLINE That would have resulted any new oll discoveries made by foreign companies, prebbly, a immense cost, passing out of their control.

Thus Anglo-Egyptian Oilfields

reserves

has and to restrict geological work and drilling to the leases it to already holds.

There is only a relatively small murls just would cost £ BO million te efore been welcomed as a sign area of these still to explore.

arc probably that the Government are pre-sufficient to maintain output for pared to think again on at least some time yet, but production some aspects of the levy.

must eventually begin to decline But those who have demanded unless some amendment of th Its complete abolition have been laws which cripple new develop- disappointed. Mr Butler has ment is made. London, Exp:CH answered them

with a blunt Service.

£100 million....and would 1MI mean abandoning the general design on which the economic appeal has been based and might for ex- ternal solvency."

Chile

Japan-Chile

Trade

Negotiations

Tokyo, Apr. 12. Japan will press Chile to buy Japanese goods more

with the trade negotiations

to Santiago Government duc open in South Amerlea month.

next

prejudice the struggle

Is

Mr Assheton's answer to this thut the purchase tax on textiles is falling "to quito an alarming extent" and must be for short of,Mr Butler's estimate. ADDED BURDENS

The Chancellor, he says, wlli also lose much direct tuxation #

a largo part of the textile in- industry is closed down and there. will be greatly added burdens to the National Insurance Fund and to National Assistance,

So far as our external position ned. Mr Assieton is concerned,

points A Japaneso Trade Ministry that Japan zaid Apokesman.

Qui that balance of payments ropes to persuade Chile to buy will be easier to achieve it the Japanese steel and steel protextile industries are working and ducts and heavy machinery in earning money,

quantities addition to lurger

at other gouds to restore Meanwhile, more than 100,000

"no,"

Planter's Criticism

Singapore, Apr. 13, Mr H. H. Facer, President of the United Planting Association of Malaya,

said today that the American restrictioni on natural rubber had caused the price to. foll

by half in the post year- with serious effect on the in- dustry.

balance to Japan's lopsided-im- | colton operatives-over one-third tans should adopt such o

of the total labour force of, the

worth of goods from Chile Innemployed Inat week and will be wanted to prove mist hands..

DIRECT FOR SINGAPORE

THENCE

HAVRE, LONDON AND HAMBURG,

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

York Building.

Tel. 84165 & 98710.

PATTISON ORIENT LINE

1

•

LIMITED

s.s. "ADELANTO”

Loading From: Apr. 7th.

Sails For:

12-14 Queen's Road, Central.

DIRECT Pusan Apr. 16th.

Tel. 25846,

Salt For Japan

The Government

New. Delhi, Apr. 13.

ennounced

CHINESE AGENTS:

today that 180,000 tens of salt OVERSEA CHINESE STEAMSHIP CO., LTD.

will be permitted ta be exporteį

and ed to Japan between May December.-Associated Press.

48, Bonham Strand. West. Tels.. 26127, 31118 & 31119.

Pacific For East Line, Mic.

DINECT

Fast Rogular Trans-Pacific Service"

OVEDLAND NEW YORK-CHICAGO-DETROIT-TORONTO HONTREAL AND ALL AMERICAN, #. CANADIAN CITIES

Regular Service ́ direct 'ór with transhipment.

SAN FRANCISCO, LOS ANGELES,

Guim, Marinas Halanda, Blerodesian. Kalanda

VIENI

It was difficult; he told, the annual meeting of the associa

to understand why the port trade with that country.

they said they $2.570,000 industry-were wholly or partly polley when bought

Malaya from Japan

while so this week..

falling into: the calendar year 1951

The intimidation of workers, At 570 of the 1,240 cotton mills sciling. $500,000 admitted that In the north-western region 103, and the severn curfews, he

The spokesman

Had

seriously affected "P. J. ZUCKENBACH" Japan is at a disadvantage in 916 people are on short-time.nr.

negotiations, however, be out of work and this figure is production during the year, but

which much help from the Goverm-, ». LUCKENBACK" 'cause 90 per cent of the put 10 increase,

chases from Chile consisted of Hon-ferrous bfcy of which the greeted Me Butler's proposal to ment, despite the fact that is badly in need kind, cop-Imposer an excess prontslay stoppages and emergency condi per, antimony and nitrates during the period of rearmament tions imposed a severe financit1 United Press,

seems to have had more test onam.

the

storm of críticlem the industry “was not getting

From

Arrival

San Francisco.

Apr. 18

Straits

May

For

Singapore. Penang & Port

..., Aweltenham

May

San Francisco & Los Angeles”:

vivia. Koba·.·

For full particulars call United States Lines Co., General Agents, Queen's Bulldlog, Tot: 25190.