1952-04-24 — Page 9

Page

MESSAGERIES M

THE CHINA MAIL, THURSDAY, APRIL 24, 1952.

MARITIMES JAPANESE FIRMS READY ROYAL INTEROCEAN

M

Outward Ver

Arelving Leaving

"LAKE MICHIGAN"- ›, May

“DIR HAKED"

June 10

5 May

Japan June 22 Jagua

"BEAUVAISTM

May 15

1

May 20 51ay 20

June A

"FELIX ROUSSEL"...May 2 "LAKE MICHIGANJE

Homeward For

H. Aftien & Europe Maticnes via Manila

H. Afelen & kütópe † freight for Saigon, Alexandria, Tunis, Genoa, Marseilles, Algiers, Oran, Tangier, Casablanca, Iluvre, Dunkirk, Antwerp, Rotterdam & all Mediterranean ports viu Marseilles.

Madagascar by Transhipment in Salgon or Djibouti :

Bubject To Change Without Natite.

CIE DES MESSAGERIES MARITIMES P.O. Box 59, Hongkong ·

Queen's Building (gr. floor) Tel. 20051 (3 lines).

EVERETTE

LINES

EVERETT ORIENT LINE

Fast cargo and passengers service refrigeration space uyailable for Korea, Japan, China, Philippines, Indo-China, Siam, Malaya and East Coast Indian Ports.

"LENEVERETT”

Arrives April 26 from Manila,~ Sails

April 25 for Singapore, Penang, Rangoon and Calcutta.

"ŘEBEVERETT”

from Singapore. 8 May 9 for Japan.

Arrives May Sails

EVERETT STAR LINE

Fast carge and refrigeration spaces available for Korea, Japan, China, Philippines, Indo- China, Slam. Malaya, Ceylon, West Coast Indian and Persian Gulf Ports.

FIRST CLASS PASSENGER ACCOMMODATION M.S. "STAR ALCYONE"

In Pert

Now Loading

Salling April 25 for Singapore, Madras, Colombo, Bombay, Kara- chỉ ch Persian Gulf

Ports.

EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephone 31206. Chinese Department: Telophone 28293.

OFFICES AT

TOKYO-YOKOHAMA-KOBE-OSAKA SEOUL PUSAN

NYK Resumes

In June

Tokyo, Apr, 23.

The largest Japanese

shipping

Nippon will

the Kaisha regular

company. Yushen testne

Eatont

ונן

monthly uns between the Far Eani and June.

The ships used will be mixed cargo and passenger Itners. The first ship to be placed on the sun will be Hryou the 10,000-ion Maiu which will Marseilles,

call at Casablanca,

London, Antwerp, Rotter Jam and Hamburg. France-Presse.

Grain Prices In Chicago

Chicago, Apr, 23. Prices of grain futurea closed tolay as follows:--

Wheat price per bushel

2.4033 Spat

2,44-14 May

33411 July

7.30 September Deremiher

2.40袋ギー

1.0314

Corn

Shat

Bunterher

December itya

1.0136-1.82 3,784-5 1.70%

May

July

Uats

2.001 1.0714- 7336-16 May

77-6-46 July

New York, four-per 200 lb. Back $12.20 nominal-United Prem.

TALKS ON

LEBANON

REFINERY

Beirut, Apr. 23. Lebanero The

Government aud the Iraq Petroleum Com- pany (British) have begun ne- Katiations here about the cam- pany's pipelines and refinery in the Lebanoll

Thai Decision

On Rice

Nangkok, Apr, 23.

The Thal Government today decided to halt rice export permits to private merchallis,

on

Recently, the Goyern- meat treitig shots official rice export commit- ments to foreign countries, 112.1 offered to private morchaista premila ollowing them to export one ton of ries for every four and a half tos ielivered to the

Government.

This measure enabled the Covershinent to gather Com of ice.- 100,000 France-Presse.

Indonesia Hint To America

Economic Policy Attacked

ΤΟ EXPAND TRADE

WITH SOUTH ASIA

Need For Raw Materials

Stressed By Trader

Singapore, Apr. 23.

Japanese firms are ready to embark on an extensive trade expan- sion policy in southeast Asia, according to Mr Takenosuke Kutsuzawa, a Japanese businessman who visited Singapore yesterday during a goodwill air tour of Malaya, Thailand, India and Indo-China.

Mr Kutsuzawa said: "Japan is going to start trade in a big way and she is almost ready to negotiate with southeast Asian countries on a bulk basis.

HONGKONG SHARE MARKET

(From Our Correspondent)

Djakarta, Apr. 23. The Indonesian Finance Minister said today he was Business done during this disappointed with the U.S.morning's session of the Stock Exchange amounted to $36.800. economic policy toward In Noon quotations and the morn donesia. He. hinted that ing's transactions:- Indonesin may step up its trade with Communist coun- tries.

Sumitro

Djojohadikusuumo bald it was dileult for Indo- the capital goods nesla to buy she needs in the United States. On the other hand, he added, Indonesian exporters of rubber and tin are suffering from United States-imposed Low prices.

"What good are the Economic Co-operation Administration or the Point Four Programme if we can't buy the goods we need in the United States and have trouble selling our products for reasonable prices?" the Minister asked.

+

SHARES BUYERS SELLERS SALES

DANKS

UK Bank .. 1373 1395 East Alu

INSURANCES

Uning

Underwriters

1K Fire Xo

เร่ง

743

4.43

142

supYING

Agla Nav-8 i-- - -

1,79

DOCKS, ETC.

K. What Xb

N. . Wharf 015 Dock XD... Providen!

C3

10.80

"THWARD"

"TAMMAN

"TSPONDOR"

"STRAAT

MAKASSAR?" TROTI.BLRGO "TJHLUWAIT' • "huva“ *OTSUKAMPAEK"

SAFLING ́S

Lanes

To

May 2nd Vingapore, `1) ja kartka,- ---Semarang,

Rurabais &- piacas

עבן1

Singapore, Penang & Iteinwan· Delt

Makarta. Thirebon, Semarang,

Kurabala di Macassar

Manita, Slaapore, Mauritius,

8. Africa & S. Anlörtea

...

Burabola. & Marászár

jakarta,

jakarta,

strąbala. & Macanar Manila.

Singapore,

S. ATA & 8. Amerlia

ki, Trebas, Semarang, surahaia Macassar

May

May 7th

时间

May

101h

Justnin

atay

19tft

Fingapore.

Djakarta:

Semarang,

3Bay 2400

Jaisal

May

270A

Tilrehou, auubala & Matastar

Seinatang.

•

TÄRMANU "TJWANGI"

-TEGELBERG"

**TJILONAS"

May

310

Japan

1

Junb

End

Ringapore,

Bemarang.

June 9th

Maiarities..

"TJILUWAR"

June {1}

Jund 10

**FJWANGI"

July 2nd

#TJITJALENGKA"

J153-

Cili

"TJIPANAS"

July

XELL

"TJITONDOK“

July

Beja

July

PIK

“STRAAT BOENDA" July “TJHLUWAU"

Auth

Japan

July 160)

July Pati

AUE. 2nd

Aug. 9th

"RUTS"

*NOISSEVAIN” *TJIWANG?"

"STRAAT BANKA"

"TJITJALENGKA"

"Japan needs all the raw materials obtainable in this region, especially tin, rubber, iron ore, bauxite and local produce. In return she can supply in large quantities cement, paper, chemicals, | TIWANGI" canned goods, steel products and non-ferrous nietals."

He said that the general opinion in Japan was that it wis umeccacary at the present (me ter Japanese firms to have branches in Malaya,

There was also the diflculty of entry into Malays of Japanese Surinessmen umil afte: ratificatici of this peace treaty with Britan, he added.

the

The move to continue the present trade arrangement with Japan is designed to give the Philippine Senate enough time to tuke aetion on treaty rati- Alcation and prevent complete paralysis of trade between the twn countries.

It was gathered that Japanese Government was ie-

“TEGELBERG”

"EASTWAY"

"TJILIWAIN

Aug. Juk

Singapore, 13jakarta, Semarang.

Surabula & Maraisar

ingapore, ijakarta, Semarang.

Aŭrabala 2", Macausar

Japan

Manila.

Singapore, E.. Africa

•

Penang

砧

DJakarta, Tjirebon, Semarang,

Nurabala Machar

Manila.

Singapore, Mauritius,

5. Ablea & S. Amytra

Blagajóre, Djakarta, Semarang,

Hirabals & Macassar

Japan

SIgUpDre, Djakarta, Sembraut,

Narabala & Macassar

Manila,

Singapore, Maurkitux,

8. Africa & 8. Amertra Singapore,

Jakarta, Senarauz

Surabala & atacassay

ARRIVALS

Apr. 2aflı

May

SIN

May 14th May 12th

From

Marassar, Surabala, Remarang.

Djakarta & Singapora

8. America, S. Afries, Maurtikus,

singajozė, Diakens & Manila Djakarta, Belawan Deli & Singapore Macassar, Kurabata, Bemarang.

Djakärts & Hingapore

General Agents.

HOLLAND EAST ASIA LINE

MAILING TO EUROFE

"AAGTEKLBK" "BIJTAR" "ARMREIK“

the proposed exten-KIELDRECIST" M: Kutzuzawa said more arms i replive to would like to send representa, i sion of the trade arrangement. lives on an inspection tour be- 2018 fore thinking of resptaing their

branchen

Mr Kutsuzawa represents the Kinsho Trading Company,

che

Meanwhile, Mr Elizalde is due

to appear again this afternoon before the Senate Foreign Rein-

May 10tli

Just

#th

1ly

100

Aug.

7th

Sall

Artiven

SAILING FROM EUROPE

Koilerdam

*Hongkong

་

Sauru

Apr.

Mili

Slay

14th

Apr.

29th

J167239

FL

May

2814

Inty

4th

July

2nd

Ave.

7th

SUE.

2nd

Кере

28015 TO

tions Committee to urge ratifiea= { "AAGTEKERK" tion of the Japanese

of the new companies of the treaty.-France-Presse. Mitsubishi Trading Company.--

Reuter

TRADE WITH FRANCE

Tokyo, Apr. 23.

Japan and France exchanges

notes today regarding a trade

11.00 13 see a 11.60 programme for the 1952 caten- Wheelock 1311⁄2 445 100

dar year, Kyudo News Agency reported.

LAND, ETC.

HK mel

7.50

the for

1K Lond .. {Rts) S'hai Land

43

10 10.75

1.48 1:55 2000

Iron

Humpineya

17

UTILITIES

He was commenting on

here widespread interest

with trade stepped-up Curipin countries following the recent Soviet-sponsored Interna- tional Ecoronie Conference Moscow.

The Finance Minister refused to commit himself on the possi- bililies of business with Com-

had until he munist States studied a full report from the Indonesian delegation to Mos cow.

But, he said, under In- donesia's independent foreign policy. there is no bar to in- donesin trade with the Soviet Union and her catellites,

Tra....... 15.78

parez-

proposed Under the ment, Japan would import on estimated $41,000,000 worth of the French Union is goods from

$5,000,000 and would export

worth. Excess imports are in-

ed at making up for the inveur-

prate

Washington

Stand On

Tin Price

Washington, Apr. 23. The Reconstruction Fin- ance Corporation Adminis-

18 10 e 1390 able balance of more than $10,-trator, Harry A. McDonald,

000,000 Japan enjoyed in trude with the French last year.

considers $1.21% a pound for Rolivian tin a fair price.

Chief products to be purchaser

He told a news conference the Japanese are salt 14 by

yesterday that the United fertilisers, coul, rlvę, nickel ore States was ready to make

Bolivian to the Japan would and scrup iron. send the French Union sille and formal offer other textiles, tea and agricul-egotiators on April 9, the day A revclution unseated President Fural products, pearls, minerals, Hugo Balliviun.. The offer was 10.40 500 13.50 morhinery and parts.-Associat- not made.

ed Prces.

C. Lig (8)

XD Electrie Telephone

XU

INDUSTRIALS

0.20

5.20 5.43 Su.30 20 bu

....14.40

Cement 14.20 STORES, ETC.

Watson (R) 12 1.. Crawford

331%

COTTONS

Ewo

Daly

1- MISCELLANEOUS In- Yangtze

The United States last month agreed to buy tin from Conesia at $1.18 a pound. donesian negotiators had been holding out for $1.25 a puund. Associated Press,

Japanese To

Join The World Bank

Washington, Apr. 23. Authoritative sourers said to- day that Japan will be emitted Bank within the International Monetary Fund and World

The Government is asking for increused transit royalties Un the oil which the company four to six weeks. rends through its two pipelines from Iraq to Tripoli.

2.70 2000 3.00

5

Cotton Price Ceilings May Be Lifted

Washington, Apr. 23.

Prica calms may be led on cotton and all types of textiles and clothing within a couple of weeks.

TOKYO WARNING

relations

Takyo, Apr. 23. Trade

between Japan and the Philippines wilt break up if the Japanese peace treaty goes into effect on April the 28 without ratification by Philippine Government, the For eign Ofice said today."

“ELITAN" "ALMKERK"

"ABENDSKENK" "KIELDRECHT"

KINGS

MECH

MAERSK LINE.

FAST FORTNIGHTLY, SERVICE TO

NEW YORK, BOSTON, BALTIMORE & PHILADELPHYA vi SAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

wering erities who charged Ang that RFC's tin price policy had much to do with the revelation, Mr McDonald Keld 11e Was more likely to

agree with the new President who said Saturday it was a miétake to imparse with the think the United Stries was the cause of the revolt.

M.S.

"SALLY MAERSK"

M.S.

"LEXA MAERSK”

M.S.

"LAURA MAERSK"

on

M.S.

"LAURA MAERSK”

M.S.

"LEISE MAERSK"

M.S.

"GRETE MAERSK"

ed

Nagellations have bran paralys- here since the three-day Meanwhile, the Foreign Ex-revolution swept Victor Paz chatige

Control. Committee Ostenesoro into the Presidency. warned the Japanese banks on April 21 to suspend issuance of letters of gredit involving trade with the Philippines for a while, greading to the Kyado News Ser-lations

Ricardo Martinez Vargas, whe headed the Boliviau negotiators, has rosigned us Ambassador to Washington and diplomatic re- between the

United been States and Bolivia have

leche Foreign Office said the automatically suspended.

Japanese Government proposals

to

extend the existing trade greenient to avoid the complete break had been made to the Manila Government last month. Price officials Indicated today However, no agreement has that they think that the prices ever been reached between the of most textiles and clothing are two Governments because the stabilized al levels for enough | Philippine Government is all below the legal levels to war keeping silence on the issue, the Tant suspension of the ceilings Foreign Office raid.

But they are still a bit wary nd-

The present Japan-Philippines cotton. It is selling only four to

rents it pound below trade agreement expiros live cellings and shows every indica April 28 when the Japanese tion of being a slangerous com peace treaternment is preparing

gees into force. modity in price in the next few months, the official said.

Japanese officials and dirou- tors of the Monetary Fund have They will also discuss the

for the terins company's Tripoli refinery.

An agreed on the

reined

there is mission, and it remains only to oll

secure the approval of the capacity is about 300,000 tons a

Board of Governors Fund's year-is conxunted locally and

which is certain. the Government is believed to want its output Increased,

Ri...

C.

The Lebanese Prune Minis- ter, Sam Bey El Sol, and three other Ministers are taking The part in the negotiations, Iraq Petroleum Company's repre- Jy Mr sentative Lawson, a senior executive,

Similor negotiations are 15 open soon in Damascus, where -a. 500 mile pipeline from the Kirkuk ollfields in Iraq end a a new oil town, Banias, on tie Syrian coast. This line is ex- pected to carry over 14,000,000 double tons annually-nearly the amount carried by the two pipeliner to Tripoll last year,

Mr H. G. Gibson, Managing- Directer of the Iraq Petroleum Company, and talks with Le- banese and Syrlan Government Ministers carly this month: Reuter.

quota in the The Japanese Fund will be $250,000,000; $50,- 000,000 will be payable in gold and the remainder in Yen. The Japanese quota in the world Bank will also be $250,000,000, of which two per cent is payable in gold.

action

it

of

#123

The measures to cope With 111 complete break of trade with The Philippines, though it is.cx- peeting seine reply from Manila before April 25, Kyodo sad.

steel, Japan exported

Negotiations had reached the.

The Boliviana point where knocked down their price de- mand from $1.50 a pound to $1,30

Mr McDonald says RFC by ready and willing to renew dis-

cussions as soon as the situation is straightened out,

Replying to an attack on the RFC by Senator Dennis Chavez,

New Mexico Democrat, in toll- nection with the Bolivian ti impasse, Mr McDonald cald he did not want to get into public

but I don't agree with hin." altercation with the Senator,

Associated Press.

The

LONDON MARKET

London, Apr. 23,

*

tin market waa very

It ceilings are suspentied the have would probably little effect on the prices which consumers pay, officials sald.

The Office of Price Stablliso-machinery and textiles totalling steady this morning. Turnover to the Philippines was 80 tons, of which 35 tons tion Standards call for suspen- $30,878,000

only

the alon

OPS is last year and imported iron ore, were for casli. Prices closed at A high banking officiah raid convinced that selling prices Manila hemp and timber total- that Spain was expected to ap-would ant rise substantially, se ng $39,025,000,-- Associated

In the in result. If and when prices Press, ply for membership International Bank and Mone did rise near the ceilings the

and controls would go back. after Japan tary Fund Western Germany had been ad-

Price oMetals said that they

Manila, Apr. 23. mitted.

The Foreign Secretary, Joa- might suspend the ceilings on

M. Elizalde, this after The official said Spoln nlready textiles and apparel-including quin

show

interest cotton good without acting on con some

instructed by, overseas

lad

,

TO NEGOTIATE

in joining the Bink and Fund. raw cotton.. But this would be telephone Minister

would

JAPANESE BONDS be welcomed by both the Fund Exchange

Japanese

U.S. Banker's Tour

New York, Apr. 22. Mr Winthrop Aldrich, Choir- hidh of the Board of the Chase National Bank of New York, left by air for Paris today on The first leg of a six-week business tour of Europe He pinna to vlat London," Rone, Brussels and Amatordam. Consoli United Press.

bonds "A" (45.

$1

"B" (43.

H

"C" (5 "D" (3

of 1890) 83 of 1010) 00: of 1907) 220 of 1934):80

"E" (0145, of 1094) 180

60% ---United Freas.

ARRIVALS FROM U.S.A.

May 2 May 17 June

2

Apr. 28 May 13 June

7

For Freight and Further Particulars please apply to:-

AGENTS:

JERSEN

Pedder Building..

The Rubber

Markets

London, Apr. 23. Prices of rubber futures closed today as follows:-

Number 1 rubber,

in pence per 1, May

June

July/September

Detober/December January/March

& CO.

Tel: Nos. 36060-0.

FOREIGN EXCHANGES IN NY

Canmia

New York, Apr. 23.

US$ 100W

2.30-16/18 -243 bid

England-OMelat

unoMelal

**30-day, hituren

2.50 Anked

2.001;

31-32

314-32

303-31

2016

2016-2

United Pre

B-day futures

3.10%

Australia

2.34

New Zealand

2.8016.

South Africa

231

Belgium

020814

Singapore, Apr, 23.

Denmark

France

1453

4.20

6020-0/10

·SINGAPORE MARKET

Prices of rubber futures closed West Germans today as follows:-

.2034

0014 403

the end of the offelul "morning | Number 1 rubber, per ib. asian as follows:

•

May

Holland Tialy Norway 10335-109 Portugal

Spol tin, hyera

B031

Spot a seller

June July

107%-100%

D63)

Business done st

14332

Three-months fin, buyers Three-months tin, selfers Business done al Settlement

DIS

Number 2 rubber. May Number 3 rubber, May Number 4 rubber, May Apot rubber, unbaled.. Blanket crepe

106-107

Spain Sweden Switzerland

103-104- 100-101

Middle East

United Press,

100-10971 70-81 127-102 -Uhlled Prem.

Egypt

Iran гас

1082

03173 2.At

Turkey

AST5

JOEO P.

RFC Abolition

| Latin - America

on

COTTON IN NY. Argentina

0635

Proposed

No. 1 pale crezio

lewer.

and admission of Germany and dificult and probably would Melencio to negotiate with the Japan as member of these two being an outery, of protest from Japanere Government for

Bruzi bodies was expected to make cotton State, Congressmen 'who

nolivia prosent SCAP-Philippine $100,- the Spanish Government

con-have been urging de-control ad interim continuation of the

New York, Apr. 23.

Chile sider the possibility of an early United Press.

100,000

mant watil

Cotton futures opened 20 Colombla agreement application more favourably.

Jame 30.

eonts a bric higher to 15 cents Cuba Washington, Apr. 23, uly, Mr. Elizalde Simultaneously,

The Senate today approved n Spanish membership

Rates around that the Philippins proposal for abolition of the

May Bilsalon in Tokyo will retain its Reconstruction Finance Corpora present status even after

er the tion by: 42 vetes to St and sent July Japanese pence treaty comes the

proposal

to the falso. for October

December hito forests per the arrange-approval.

March Congresi eireles bolive that

May mont approved by the Japaneso 1603 Goverment which Mr Molencia even als va'zi by the Hare.

300fantmitted to Mr Elizalde in the proposal would be ve'oed by July

the course of the telephone con President Trumani Franco- October Prese. 17.28 vertation;

and the Bank, he said, and It would be another important step

in regard to Spanish co-operation with international groups.

Durinces was done in the local this unoniria exchange. market morning at the following rates:-- He pointed out that once US dollar (par ($1) 3.5041 Spain had joined the Bank she. Sterling, nota (per ci)

Indonesia kulideri iper f00) would be entitled to request jam ticals (per 100) lontis for long-range developingapore (Straite) ment purposes--United Prema, I pinaires. (per 100)

21.50

Mexico

- l'eru...

40,16-10 30,50-52 36.70

Unguny Venezuela

Far. Eant Intila

36.20

Pakinian

2110 3030,

30.01

Hongkong

Indonesia

2018

35.03.bid Singapore

.3300

34.30 Asociated Press.

Japan

300

-United Prod

30.18...

to Ulja