MESSAGERIES
M
MARITIMES
Arriving Leaving
M
Outward For
“LAKE MICUNGAN" .. May J May 5 Japan,
EH HAKEM".
"BEAUVAIS"
Juno 10
June 22
Japan
Homeward For
May 15
May 23
3
May 20 May 21
June 3
N. 'Africa & Europo Marseillen via Stanila
N. Africa & Europe
"FELIX ROUSSEL”
"LAKE MICHIGAN...June
† freight for Saigon, Alexandria, Tunis, Genoa, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre,. Dunkirk, Antwerp. Rotterdam & all Mediterranean ports, via Marseilles.
Madagascar by Transhipment in Saigon or Djibouti
Bubject To Chango Without Notice.
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Ilongkong
Queen's Buikling (gr. floor) Tel. 26051 (3 lines).
EVERETT
LINES
EVERETT ORIENT LINE Fast cargo and passengers service refrigeration space available for Korea, Japan, China,' Philippines, Indo-China, Slam. Malaya and East Coast Indian Ports.
"LENEVERETT”
Arrives April 21 from Manila, Sails
April 25 for Singapore, Penang, Rangoon and Calcutta,
"REBEVERETT"
Arrives Sails
from Singapore, May 8 May 9 for Japan.
EVERETT STAR
LINE
Fast eargo and refrigeration spaces available for Korea, Japan, China, Philippines, Indo-. China, Sium. Malaya, Ceylon, West Coast Indian and Persian Gulf Ports,
FIRST CLASS PASSENGER ACCOMMODATION
·M.S. "STAR ALCYONE"
Loading April 24
Salling April 25 for Singapore, Madras, Colombo, Bombay, Kara- chi
Persian Gulf Ports.
تالی
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephone 31206.
Chinese Department: Telephone 28293.
+
OFFICES. AT
TOKYO-YOKOHAMA-KOBE-OSAKA
SEOUL PUSAN
Short-Lived Rally In NY Cotton
FOREIGN EXCHANGES
IN N.Y.
New York, Anr. 23.
mathelet
New York, Apr. 22. Colton futures tried to stage Canids
Engtond-listing the effort proved rally but half-hearted nail hogged down when the opposition rifened. After ring argund $1 a bele. prices dropped buck
TGW.
To some
220-15/16 2.63 / * Asked
30-day futures 2 10%, po-day future
lu mid- Australia itterncon and closed on lower New and Routh Afro Bioned for the tald session in Betriom
Denmark Fruace extent the market West Germany followed the action in securities. Holland
ap-ty Some of the early buyers
Mirway reasoned int n
Portugal parently technical rally of greater pro-Spa portlons is overdue but when Sweden the market Julled to hold its Switzerland ground, became discouraged and MIDDLE EAST liquidation set in.
Eny!
Evening up in
May deliveryTran remained a dominant trading Iraa
Turkey
May at
points loser,
feature. The open contract in
the start of trading | LATIN AMERICA
tales. totalled 404,800
The | Argentina market closed unchanged 10 6 Bra
Telecs closed as follows:-
Bolivia Chile Colombia 41.25 nominal Cuba 40.15-40.37
THE CHINA MAIL, WEDNESDAY, APRIL 23, 1952.
Biggest Built
In Britain
London, Apr. 22. Blcret of lanker yet but in Britain, a 32,500- ten deadweight veturk, will be launched by Vickers- Arm trong td,. Walker, In September.
She the first of two Eliar-led ships being built at the Walker Ship-
Stavros S. yard for Mr Niarcho, et Athens,
New Oil Refinery
In Pakistan
Rapid Progress Made
In Oil Production In British Commonwealth
Commonwealth oil production in 1951 showed an increase of almost 30 per cent over output in 1950, and the total of some 15 million tons for the year (about. one quarter of Commonwealth consumption) was more than treble the production of only five years ago.
Leading Commonwealth producer last year was Canada, whose contribution of 6,500,000 tons placed her for the first time ahead of British Borneo, which supplied Some 5,000,000 tons.
Thresa points are made in a memorandum on oil in the Commonwealth, issued by the Petroleum Information Bureau.
London, Apr. 22. The Burmah Oil Company in London today confirmed they have reports that agreed in principle with the Government of Pakistan on. the-establishment of an oil refinery near Karachi,n Pakistan. But the terms the and the conditions of agreement have still to be
saw
HONGKONG SHARE MARKET
ROYAL INTEROcean Lines
**TUWANGI” TABMAN" "TIPONDOK"
OSTRAAT
MAKASSAR" *TEGELRERO"
SAILING S
To
May and kingadarə, N. Bijakarta,
Burabala & Macassar
Semarang.
Semarang.
Singapore, Penang & Belawan Delt
Jakarta, Trìn
Hurabala & Macaluar
Atausta, singapore, Much
H. Africa. America
Japan
Singapore, Bjakarta,
Burabats & Mary
Japan bjakarta,
Tjirebon,
Surabala & Macassar
Jaban Яingapore,
Alay
May Th 7th
い
May Pil:
"TJLUWAIT"
"AUY6"* "TUKAMPSEK"
*TARMAN" "TJWANGE"
May 15th May 161R
May 20171 May
May June
"TÉGELDENO" • June >th
2nd
June 13th
Djakarta, Thirebon,
Juna 10th
July 2nd
July July
"THBODAK**
**TIHLUWAIL",
#NIWANG"
"TITJALENGKA".
TIPANAS" "TJIPONROK"
"BUYS"
Semarang,
Remarang,
Jakarta, Semarang.
Burakala & Macwize
Manila, Aingapore. Mauritius,
8. Africa 4'8. America
Semarang.
Hurabaja & MaenkAT Kingapore, Jakarta, Semarang,
Arabula 4′′ Macassar Singapore. bjakarta. Semarang.
Burabola &” Macassar
sapah Cth
July 80
Jnly 51
"STRAAT SOENDAS JUŻY #TJHUWAHA
13th July 160
July 28th
Aug. 2nd
"HOISSEVAIN"
*TJIWANGI"
"STRAAT BANKA" Aug. 21h
"TJITJALENGKA"
(From Our Correspondent)
Business Соле during this
of the Stock "EASTWAYOU
morning's session
Aug. 140
Manßə, 7 singapore, Penang
E. **. Africa
Bijakarta, Tjkebon, Rebarang
Surabala & Macaviar
Manila Sinexpore. Staurijus,
8. Afitra & 8. América
Japan Bingapore,
DJakarta,
Kurabal Atensiar
Japan
Semarang,
Blägapore, Djakarta, Semarang,
Nurabala & Maruskar
Manila, Singapore,
Mauritius,
8. Atelea &, Ainerica Singapore. Djalaya, Semarang,
Surabala & Macassar
ARRIVALS
#TJIWANGE
"TEGELBERG“
Apr. 29th
May 31lt
MAY 111h May 14h
drawn up. Their Managing today Canada is among the years in Upner Assam and in the Exchange amounted to $32,335. "TJH,UWAN"
Director. at present in Karachi, is involved in nego- tiations with the authori- ties.
sources
tons.
Whit
HK Bark East Asin
141
Chintos **** Union
SHIPPING
arc of much The sharp rise in Canadian oil however,
more discovery; commercial output last year was due to the recent
of the production only started in 1909.) coning into uperation 1,000-mile pipeline from Alberts The main centre of the oil in- to the Great Lakes, which made dustry is in the south-west of possible for the first me to the island, though minor fields supply Albertan oil in bulk to have been discovered elsewhere.
SMALL DEMAND Canada's main all-consuming
In all, about 20 ollfelds are area in the east. Last year also
producing the development of the now
some three But as more recently discovered Alber-million tons annually.
that at Trinidad tan olields, notably
has only a small Redwater,
and an intensive ex- domestic demand, most of the ploration campaign, with
the
products from its
crude oil. location of new oil deposits, in which is refined locally, are ex- ported. Small quantities of oil many parts of Canada.
have been produced for many The survey goes on to say that world's 10 leading oil-producing Punjab, In 1947, the former Noon quotations and the morn- worie Countries, but until 1040 became part of India, ing's transactions:-
reached an
the Punjab oil-producing SHARES BUYERS SELLERS - SÅLES never tion had
areas were incorporated iz
241 annual total of 2,000,000 In recent years great efforts Pakistan, India's only produc- BANKS
1400 201303 have been made. The discovery ing ollfield is at Digbol, in North- Well-informed
hers
East Assam. In of
at Leduc, a major offeld
the Punjab, Expre a
four years will quite Trom signin: thegreement-in-ear Edmonton, in 1047, together output from Khaur and Dhulian INSURANCES.
discoveries, greatly is steadily declining, but in the later complete the rainey, Pakistan with
"work. Joya Mair and Balkassar fields thereford,
encouraged explet ta cannot
Canadian
1931 production is increasing. retine oil is her own country
Apart from the equivalent to about seven times
oilfelds und the end of 1054.
already mentioned, there is u the output of 1930-as yet, how.
production ever, still falls short of con- small English
of M
is about 17 about 45,000 tons a year, coming sumption,
almost entirely from Ealering. Nottinghamshire, although there LAKES TO GREAT
is also a very small contribution Although domestic supplies are
from Formby, Lancashire, in-
LAND, ETC. and a well below the level of deniand,
HK Hotel little frorn Dalkeith, near The object of the refinery, P
lik Lard is believed, is not to repler utput will be further increased
burgh, Elsewhere in the Com-
(Rts) Abadan the Middle East during the next few years. Pro-
S'hol Land. monwealth only a few traces of The duetion in Alberts is restricted, least not at this stage.
have been
Humphreys found, e... in | vapacity of the refinery will be due to lack of available markets,
New Zealand and Barbadoes, UTILITIES but lately, with the discovery of half a million ton; and will serve
For
some years there has ateu !
Trom
15.90 Pakistan.
important new offfields, pipelines the bee CL
This
Peak Tram and refineries
been an Australian production at ries have been ex-
A few hundred
(0)
23.10. Inendetaily will be considerably
tons of oil panded to meet the demands of
Peak Tram ing regions,
and the year in the Lakes Entrance field,
12.50 neighbouring
1207 the completion where oil
miles east of Melbourne. Star Ferry 5511⁄2 end of 1950 saw the
is produced 1,150-mile crude
C. Light (D) of a
oil pipeline
XD
6.30 0.43 from Edmonton; via Regina, to horizontal wells which are drilled
C. Light (NY- Superior,
U.S., On
on the of 1,2001t.
XD off a 10ft. shaft sunk to a depth
Electric Great Lakes. Besides making Albertan crude of available hi part of Canada hitherto sup- Imports, the new lied by
enabling small pipeline is also quantities of Canadalan oll to be supplied
to nearby U.S. markets.
The indigenous pradiction of rade uil will not be guclent to feed the refinery her supple are likely to be brought Trens the Persian Gulf oil pro- Cue.rg countries,
matler than the rettnerics recently erected 121 Britalo, several of which can produce between four and six million tons, annually,
million ton which
year.
oll
200
from
"KIELDRECHT"
"ULITAR**
Frcm
Maranat, Surabala. khmarung,
B.
Djakuzia & shigsporo
Amerira, 8., Africa, siaurtikas, Singapore, Djakarta & Mania #jakarta," Delawan Deli & Singapore Marks or,
Bemarang. Hi!reltin, Djakaria & Singapore
General Agents.
HOLLAND EAST ASIA LINE
"JAILING-FU KUKOPE
740
May
"AAGTEKENK".
June.
Asla Nav. 105 1.70 2000 1.07
DOCKS. Lгc,
July
7th 201
"ALMKERK"
AUE.
7414
47 8215
Salis
300 6.73
SAILING FROM EUROPE
Rotterdam
Atrives Hongkong
12
"AAGTEKENK"
Nalled
Apr. ጸ-ነፃ
May
10
KÜLITAR"
этау
2nd
June
701
MALMKERK"
May
26th
July
h
July
202
Aug.
7.70
Aug.
And
Sept.
7111
44
TO
10
1.40 1 1:39.
1.43
K. What XD N. P. Wharf 0.70 Deek XD
Provident Wheelnet
... 166 10.80
11.00
20.20 zephane
XD.... 14.40 INDUSTRIALS"
Cement
10 500 16,00
14.50
STONES, ETC.
Batry. 10.30 16.70 Watson (R) 2
L
Crawford
13
Sinceres
Sun Co.
ACT OF FAITH
In contrast to their limited re- The announcement of the
sources of petroleum, both signing of the agreement is
Britain and other Commonwealth ikely to be followed by keen competition
countries are rich in oil-bearing for स building
shale. It occurs in particularly centraci amore plant designers
large quantities in Canada, Aus- and contactors in Britain, who
tralia and Tasmania.
The of the pos-
production are not oblivions
of shale oll Albinly of Pakistan developing Approval recently has been
expensive, however, into an important all produclag | given
for the construction of relatively
products present fls another crude oil pipeline, with and at ares in the future.
CBD only compete with those COTTONS of 3,500,000 an initial capacity
petroleum under excep- tons per annum and an ultimate of
tionally favourable conditions. capacity of about three times
where Scotland,
the this amount, which will go from
shale oil industry has now been Alberta across the Rockles at Yellowhead Pass to Vancouver.in operation for over a century, Completion of this
and other more than 100,000 tons of oil are Guardian facilities-planned for 1954-wilt in West Lothian and Midlothian. extracted each year from deposlts
Shale cil is also produced in the Transvaal,
Most of the raw materials for the refinery will have to be found in the Sterling Area, although rome will undoubtedly
In the purcha
United Sinics or Canada.
The Manchester erimenting on
enable further
increases
to be
The chief value of shale de-
cost of
20.75
150 6 1610 61
The Rubber
Markets
today's reports of the agreement in priuciple |**** says "The setting up of a re- made
In Albertan overies In finery so son!) after the un- The post-war
teasant experiences of British Alberta have provided a stimulus
Singapore, Apr. 22. Prices of to continued prospecting activi-poris is in providing an alterna-
rubber oil interests in neighbouring
intensive in Ave soures of oil products if the Persia is a notable act of faith ties, which are
producing petroleum closed today as follows: this province. The search for
Number 1 rubler. by Pellish espital, and shows
per 1. May June supplies prove of the Pakistan Government."
July Number 2 rubber, -London Express Service,
NEW SOURCES
May The oil industry's prezent Number 3 rubber,
for new
Atay new aitfelds extends search
rondence in the fair dealing oll is also proceeding in British should increase unduly
world's Dil and reports of oil insuficient for Its needs.
Columbia,
Prices untested while it is known
Grain Prices
Improve
of the
PARENDSKERK"
KIELDRECHT"
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO: NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S. "SALLY MAERSK"
M.S. "LEXA MAERSK” MS. "LAURA MAERSK"
ARRIVALS FROM U.S.A.
May
May
June
Apr. 28
May 13 June
7
For Freight and Further Particulars please apply to:--
AGENTS:
futures
M.S.
"LAURA MAERSK”
M.S.
"LEISE MAERSK"
$1113-14
M.S.
22012-12
309-10015
109-1061
10214-1035
"GRETE MAERSK”
30.91 09-71 -United Press.
Pedder Building.
NEW YORK MARKET
New York, 22. Prices of rubber futures
Numberrünber,
oft being discovered there were Large in 1051. received late areas of potential oil land are that a further vast potential to many parts of the Common reserve of crude oil exists in the wealth. Besides Canada, British Spot rubbery unbaled 111-112
India Borneo, Trinidad,
and Blanket crepe of Bands"
Pakistan, new areas are also No. 1 pale crepo. being prospected. In Nigeria,
"tar Athabaska northern Alberta.
oll-
for example, £1,500,000 has already been spent on the search
for oil, and exploration work is
In many places, the
sands lie on or Impregnated Chicago, Apr. 23.
near the surface, and they are Chicago grain ictures joined
and treated for the improved trend of the com- easily mined nudity markets generally, Wheat the extraction of the oil. Some futures closed 1% to 1% higher and soybeans 1 to 3 higher.
Prices of grain futures closed as follows:-
Wheat-price por bushel
Spot
July September
2.473, nomin:?
ד-2.014
2.377-7.39 2.414-24
1.21
?
2.24
Ra
281
019412
2455
0029.4/10
120
26M
Alay
0014
14015
December
X
THTH
10
Spot
300
Anw
02105
Aay July September December
Kiye May
1.0423-78
1.7072-1,80 3.75
A1
flats
#375
July
MT1
July May
New York Bour-pur 200 lb. Sack. $12.30 nominal,Urilled Press.
.0500
Wall Street
Declines
+
thousands of tons
been
2mcntatly and processed. 11
. May
Prices
24.15 naked
33.85 nominal 33.55 nominal 33.25 namiñal
JESEN & CO.
Tel: Nos. 36060-9.
DECLARATIONS ·
Forms 3, 4 & 5 as amended
being actively pursued in various closed today 45 lower with sales ESSENTIAL SUPPLY CERTIFICATE parts of a 60.000 square mile totalling 20 contracts of oil have
concession. Among other areas closed as follows:- produced the oil industry la investigating September
in a
are the Gold Coast, Somaliland, October Kenya, Tanganyika, Barbodovs and British Honduras,
Another aren' of cons
considerable (1833) activity
in is Papua,
New Guinea, where
geological alr surveys have been carried out over 20,000 square miles of territory and a number of deep bore-holes
drilled, have been Including one that reached depth of over 12,000ft. Explora-
both
November December
February March April May Juno July
32.95 noisinal
32.85 nominat
12.35 nominal
32,05 'nominal Unliad Press.
Rates
by the
Government of Hong Kong
NOW ON SALE---
At.
done in the local SOUTH CHINA MORNING-POST LTD..
Hong Kong & Kowloon,
↓
Business was unofficial
market WAS exchange morning at the following rates:-
0.4225
15.03
ало
28.00
These amended forms are now in force.
FIC plastres (per 100)
lacal refinery, The cost of operations has so far proved to be substantially above that of securing similar products from crude oil from pumping or flow- ing wells, and it is difficult, therefore, to
to appraisa the truc "tor sands" as a value of
of the future source of oil.
Supply, BRITISH BORNÉO“
Miri The
oilleid in British was discovered in 1010. tion work has also been carried Exchange Borneo and output reached peak of
out in Australia by British about 700,000 tons a year be-and American, 784-9
as well as local, tween 1928 and 1930. Produc interests. The work done in- tion then began to decline, but
cludes
talent Ecological and geophysical U.S. dollar iner si the expanding output from the surveys
drilling, and the Stering note per £1)", Sarla oilfield more than com-
include ureas covered
Indonesia guilders (per 100) parts of
Siam ticals (per 100) pensated for this. By 1038, pro- Western Australlu, South Ausr
Stagepore (Straite) duction of the Seria field, which tralia, Queensland and New was discovered in 1020, had been South Wales. Up to the end of raised to over 700,000 tons, while 1961, however, no all discoveries of Miri had declined to a had been reported in any of these New York; Apr. 22.
that Stock exchange prices turned little over 200,000 tens
Seria has proved one of the lower at the close led by ralis, Industrials and utilities in losint most important offalds so far
The ground.
turnabout ntributed to report that
extends for eight miles along the
one-and-a-half the shore and Government would enounes a
inland. Offshore wells wego rise in the steel industry
miles today, although steels jest only have been drilled from plors
New York, Apr. 22. extending fractions.
to sea. The
World sugar futures closed Dealings picked up to 1,240,-.
rapid post-war developinent of unchanged to 1 lower with soles 000 Bigrea. Of 1,115 cues the field has raised production totalling 22 contracts,
627 declined, 315 ad- in British Borneo far above the Contract No. p.closed un- traded,
before the changed to 1 lower with sales vances and 272 were unchanged. level of 1038, and New York, Apr. 22. In the pepper market, dealers Oits dropped up to 8, end metals, end of 1048 had made it the totalling 800 cen'encls JAPANESE BONDS quoted spot material at around
automotives and chemicals were largest oil-producing country in Priebs close ns follows lower fractionally to 2% points, the Commonwealth..' Although $1.12 a pound, April slipment
Dow Jones averages at tho this position is now held by May July $1.10, May $1.07 and June London, Apr. 22.
end $1,09 n
of the session stood as Canada, British Bornea's output, September follows: 12140 pound, all on an ex-docke
at 5,000,000 tons a year, to nearly November -A
SD industrials:
double that for 1048, Quartermaster's Procuro The
20 rolls 12711ment Agency requested, bids on 07127,408 cans of various spices
15 utilites, 130% for the United States Army to 1,40-borda
open on May United Press,
Spot
1.00
May
Y
39.32
October
30.71
December
30.39
March (1933)
Mexden Peru Uruguay Venezuela
1735
MA
327A
2605
3021 nominal
May
30.03
FAR EAST
July
15.03
India
2110
October
3420 DK -United Press,
Pakistan
nxo
3116
3300
49.18
ven to US$1
40.13
30.47
United Press.
NEW ORLEANS MARKET
Brot
May
July
October
Decembot
Mareli (1353)
May
July
October
36.07-30.70. 30.35
30.10 tud
30,01-rd 33.00 hid 34.14 bla United Press..
Jaganere bonds-
"A" (43. of 1890)
HP (4 of 1010)
"C" (t. of 1907)
!93" (51, of 1934)
PE" (5148, of 1934).
Console-004-United Fres.
Bangkeng Indonestu Singapore Japan
Pepper Market
VD3
201.10
01.03
43.92
-United Preati
areas.
discovered in the Commonwealth, New York Sugar
out
*Futures
Contract No. 4 (world)
4.54-43.1 4.33 nominink
4.80
Spot, The usphalt from the historie July pitch lake is still dug out and Replent
November
175/60forms one of Trinidad's, exports Spot
to this country. The oilfields;
*Contract No
Pacific Far East, Live, Inc.
Fast Regular Trans-Pacific Servico
DIECT SAN FRANCISCO, LOS ANGELES'
Guam, Marinas Zalands, Micronesian Talanda - Regular Service direct or with transhipment.
OVERLAND NEW YORK-CHICAGO-DETROIT-TÓHANTO MONTREAL AND ALL AMERICAN & CANADIAN circa
From
Arrives
Bata:
Fot
*P. J. LUCHENBAÇU» •
Stratts
May
May
San Francisco & Los Angeles.
vis, Kabe
For full particulara enli United Biates Linen Co., General Agents, Queen's Ballding, Tel: 28108.
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