1952-04-15 — Page 9

Page

MARITIMES

MESSAGERIES

M

Arriving Leaving

"MAPLE HIL”

"LAKE' MICHIGAN"

.. May

Port

+

MY

3

"BEAUVAIS"

M

Outward For

Дараа

HomeWard For

...May 10.

May if

Jung

2. Africa Europa

"LAKE MICHIGAN" „June I

5 N. Africa & Europe

Genoa, + freight for Saigon, Alexandria, Tunis,

Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterrancan ports via Manila,

Subject To Change Without Notice.

CIE DES MESSAĠeries marITIMES P.O. Box 53, Hongkong

Queen's Building (gr. floor) Tel. 20051 (8 lines).

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO: -

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIŅA vis

DMSÆN-FRANCISCO. LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "NICOLINE MAERSK".

M.S.

SALLY MAERSK"

M.S. LEXA MAERSK"

Apr. 17 2 May May 17

ARRIVALS FROM

U.S.A.

JLS. "LEXA MAERSŔ"

M.S.

Apr. 17 Apr. 28

May 18

"LAURA MAERSK"

MS. "LEISE MAERSK"

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN

Pedder Building.

& CO.

Tel: Nos. 36066-9.

Commonwealth Oil Output Shows 30

Per Cent Increase

London, Apr. 14.

The recent estimate by Petroleum Information Bureau that Commonwealth oil output for 1951 was almost 30 per cent greater than in 1950 makes cheerful reading.

For not only does it reflect the vigour with which the oil men are going to work in all parts of the globe, but it also augurs well for future increases in oil production.

JAPANESE

EXCHANGE RECEIPTS

that

1951

There is, however, one factor behind the figures of Common- that these Proctelion wealth statistics do not highlight-and Is the effort behind the feat. Take Canada. for example. now become the Cannda has

leading Commonwealth's Com producer, whose output in

a1 some 6,500,000 was assessed metric tons, But this has not been accomplished without n prodigieus expenditure of monsy Tokyo, Apr. 14. as well as laborious, patient toil 09- The Bank of Japan announced in probing potential new

In fact, it is today that Japan's foreign producing regions.

the last estimated that current expendi- receipts in exchange

lure on geophysical exploration year ending March 31 toit Red

$2,100,000,000 dainst in western Canada alone is now monthly rate payments

$1,844,000,000 running at of

£900,000 And leaving a surplus of $564,000,000 equivalent

however, is not during 1951, over 100 field ex- The

picture,

ploration parties were constantly

to

Broby us it apded $231.-in action in this area, together

The surplus

000,000!

Pounds

which cannot be

ably for come

British Prices

In Wales

THE CHINA MAIL,. TUESDAY, APRIL 15, 1952.

In

Big Project Different Outlook

World Metal Markets

Londen, Apr. 16.

A British company' hopes to recover 100,000 tons of Irov, as well as large quan- tities of zing and lead. duting the next 20 years from lure, unsightly dumps left hy mielter works on of Hwares. the outskirts in Wales.

With the levelling of the mountains of slag, sites

will be clearest for Bight and beavy Industry,

A newly founded com- pany, Westera Metallur gical Industries, Ltd... 1 erecting a hugo rotary kiin and other equiptaent bought in · Belgium, IL plans to employ about 200

of men on the treatment

In 1,300,000 tons of slag the next 20 years, recover- ing 5,000 tons of fron year.-Asspciated*Press,

LOANS TO EMPIRE COUNTRIES

Washington, Apr. 14.

Australia has asked the International Fund in Washington for a loan, be- lieved to be $300,000,000.

The

Restrictions At An End

New York, Apr. 14.

The outlook in the world market for zinc and lead is very much different today than a year ago. Shortages, restrictions and rising prices then affected the market badly. Today the opposite is the case.

Buyers can purchase more easily and controls on waste have been lifted. In the principal markets of the world, prices have become fairly equal.

During the past few years, prices for lead and zinc in the free markets of' the European Continent were always much higher than in the controlled markets of London and New York.

Japanese Turn To Germany

DECISION BY MINE OWNERS

frez

Today, offers on the markola of Europe may be higher than the controlled than pricon but not by more #10 above the official price for zino in Landon and ΠΟΙ more than es higher than the amelal lead pricn.

American official pricea

for

| Joad and sine are pill under

prices in Europe. Considering

milation-cupied

HONGKONG

SHARE MARKET

(From Our Correspondant)

the shortage of American dol- fars, it is not surprising, there- fore, that there is a premium metals.

Business done during this European free prizes: have reached the

level of morsing's session of the Stock red by the British Exchange amounted to $569,- Government, and North Ameri- 992.30. Noon quotations and the can prices arF world quotations.

morning's transactions:

to nearer

Tokyo, Apr. 14. Japanese coal miners have decided to bow to Ger-

Bing 1951, world pricus i Lunn. which will

than those in man mining technique and were higher 100 machinery from America and the fine and leadi The opinion of the ry,

"Mexico and leading her countries in the Amerl- Dominion's Brange experts, by

other the recent Australian Trade

Nihon can arbit

routed to risis, which has led to a grave

Europe instead of towards the United States. dollar shortage and drastic im- Farl cuts.

The perind for which the loan Will be gramed will probably be from two to dive years.

At the same lime, high officials

of

International The Fund were hinting in Washing- tonight that another on for a like amount will soon be wanted

second "British Dontinion, and there were even statements, from sonte reliable officials that $300,000,000 to $500,000,000 Ioan would be made to United Kingdom itself.

محمد فرمائی

ܕ ܂

the

This Jast suggestion was British promptly denied by a Treasury official, who config-

the dally,

Germany, economic Kolzal, reported,

Dr C. 5. Fritzs, professor at Aachen University, is reported to be dye here next day in response to Invitations made by Japanese coal operatore.

coal mining German The expert is to conduct a four- month survey of major Japanese cas mines and give advice to Japanese spolprits and mining engineers.

a

01

were

the cus-

Now that prices are more on

level, and because United States has lifted toms dutles on imports, Maxi- can and South American zinė und lead is again being sent to New York.

States !

Restrictions on the size of private stocks and on the use of lead in the United have now been lifted. the Nihon Keizai said

DEMAND FALLING coal operators who

If prices Japanese

continue to hurriedly embraced American powever, customs duties would techniques after the war

are immediately be re-imposed and will now regretful.

They discovered that Ameri- the knowledge that this

buyers happen has reassured can techniques. doveloped for and has encouraged American Ecology, are where mines are full of faults

ed the Australian transaction,ch deposits in non-complex producers with

unal for Japan Mexico,

but added: "Britala has not made any request for à and I know of no plan fo

$0,"

"A PURCHASE"

ly

interests

Unian

***PJJJ-PWALE"

**TASMAN -THWANG"

TEGELUKUG" "TSPONDO"

"STRAAT

“RASTWAX" "THII.UWAU!"

"UYA"

"TASMAN"

"ТЛКАМРЕК"

INTEROCEAN-

BAILING

May d May 2nd

*To