1952-04-30 — Page 1

MESSAGERIES Y MARITIMES US Imposition Of Protective Royal Interograx Lives

M&M

"LARE, MICHIGAN"

"I HAKEIM"

"BEAUVAIS"

"FELIX ROUSSEL"

"LANE MICHIGAN"

Arriving Leaving

..Alay

June

14

May 13 May 21

1 June

May

Outward For

A

Japan

June 21 Japan

May 20 May 23

June

·

Homeward For

N. Mrica & Euroße Mararikes a Manta

5 N. Africk & Europt

Genon, t freight for Saigon, Alexandria, Tunis,

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

Madagascar by Transhipment in Saigon or Djibouti Subject To Change Without Notice.

CIE DES MESSAGEries maritimES P.O. Box 53, Hongkong

Queen's Building (gr. Bloor) Tel. 26051 (3 linea).

EVERETT

ELINES

EVERETT ORIENT LINE

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

"REBEVERETT”.

Afrives May 7 from Singapore. -Salls

May 8

for Japan.

"BRADEVERETT"

Arrives May 12 from Manila. Sail

May 13 for Singapore, Penang, Calcutta. & Rangoon

EVERETT STAR LINE

Fast cargo and refrigeration spaces available for Korea, Japan, China, Philippines, Indo. Malaya, Ceylon, West Coast China, Siam,

Indian and Persian Gulf Ports:

FIRST CLASS PASSENGER ACCOMMODATION

M.S. "THAN

Loading May 19

Sailing May 20

for Singapore, Madras, Colombo, Rombay, Kara- chi Si Persian Gulf Ports.

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

OFFICES AT TOKYO-YOKOHAMA-KOBE-OSAKA SEOUL-PUSAN

FOREIGN

EXCHANGES

Cenada

IN N.Y.

Lngital

Australia

New Zealand South Africa Belgium Denmark Frant

West Germany

Italy

Norway

Portugal

Spain

Sweden

Swizerland

Hella

New York. Apr. 99

...USLY

HONGKONG SHARE MARKET

(From Our Correspondeat)

Business showed on improve- the Stock Exchange this matning, trading during the MEDING SOon totaling $293,- quotations and 918.10. Noen

251 but/ 2.54 asked me on

2.79%

HO!

The morning's transaction-

HARES BUYERS SELLEUS SALES

20 1383

INSURÁLDES

Vajon

HK Fire XD 110

SHIPPING

uromelal

33-day futur

0-day futurres

2812

01032

155

BANKS

D-4/10

11K HA...

178 1399

4.20

kan Al

743

2637

|

,0010

Cantoor

240

1405

743

natu

240414245

DRIN

DOK

2311

Asta Nit

MIDDLE EAST

15. Whert

2.86%

03125

2.81

.5375

Shal Dock

LAND, WTC.

2835

,0300

1 Land

4023

11 Land (RIS)

1.00

NEGAL

Iroq

Turkey

LATIN AMERICA

Argentina

Brazil

Bolivia

Chile Colombia Cubn

Mexico

Peru

Unilguay

Venezuels

FAR EAST

India

Pakistan Hongkong Indonesto Bingepure Jean

Waterbrat XD

DOCKS, ETC.

11.50

Pl. Wait? a.co

Dock XD..

Provident ... 11.00

1.28

DJ

Wherlock... 411⁄2 4214

*1400 e 10,10

IR Hotel. 7.70 1.80 4300 ₫ 7.30

1x Land (h) 40

S'hu: Land

Humphreys .. UTILITIES

Trom

43

500 7.75

103 @ 4015

1.35 3.40 40306 1375 4020 6 1 373

15.70 15.83 404 4 20.00

Peak Tram (D) Peak Tram (N) 12%

Star Ferry

.2130

C. Light (0)

.2030

.1760

3013

3300

350 yen a 15$1

-Unlled Fress. *

LONDON TIN

MARKET

'The tin

Lepdon, Apr. 29. market was steady

this morning en

Light (N) 5.50

Electric

Mycen Electric Telephone INDUSTRIALS STONES, ETC.

Dairy Watson

20.70

14,70

10

0,40 300 0.30

500 G B40

300 68,35

238.30

500 e 9.40

ar 800 « 2040

-150 300 @ 20.53

1

1920 14.00 14,70 1225 $45

21.70 22.50 125 ♫ 02.30

1000

: Waison (R) 1. Crewford.

a turnover of COTTONS

Go tons of which 40 tons were

close at the

2.45

2030 2.40

amelst moming JAPANESE BONDS

for cath, Prices

end of the

sassion as follows:-

spat tin, bavors

2041

Spot in dilera

Tsinosa dono at

BIGAS-DOS

Three nonins fin, zellers

Business done at

Satilament

Zuhiida Fross..

Three-monds, tin, buyers DOT

GB7

DOI:

London, Apr, 20,

Japanere Bands

WA" (4%, of 1809)

"11", 142, në 1010).

(5 of 1007) "D" 5. of 1034) "E" (5%, of 1954) Consoli

n8

Vietnam Trade

Balance

Szigon, Apr. 23,

An unfavourable balance

of 494,000,000 Indo-Chinese plastres was shown in the forekt ie of Vietnam

1032 -for January,

unly 120,000,000 Againet plastres la the same month

According

L

in 1951,

મ

cfatties related by

the

vid

Victuamere Culoms Eelso Departmirut.

Experis fel the month totalled 230,600,000 plastres, o about the same as lu Jauntry, 1951. Imporis, however, reached $34,000.- 090 plásties as colupared with 280,000,000 piastres

the correspondilly month In the previous year. -France-Parser.

Increased

Competition From Japan

U.S. EXPECTATION

New York, Apr. 29, American businessmen expect Japanese trade com- petition to mount now that she is free again.

Tariffs Presents A Problem For Britain

Liverpool, Apr. 22.

Fears expressed by manufacturers in this country that successes in the U.S. dollar market are being restricted by the granting of protection, to American manufacturers were further emphasised last week-end when the Board of Trade issued details of a memorandum on the subject which had been presented by the British Embassy in Washington to the US. State Department.

The memorandum recalled that in recent months there had been a disturbing increase in the number of applications for relief under section 6 of the Trade Agreements Extension Act of 1951.

Among those which directly affected important United Kingdom export trade were those relating to motor-błcycles and paris, bicycles and paris, certain china- ware, tobacco pipes and wood screws.

It continued: These cases and -pared to do business they have others which affect the United only to approach these merchants the United Kingdom less, are

the or, if they prefer, ot state of investigation or hearing. Kingdom Government through Recommendations have not yet official channels. been made by the Tariff Com-

mission.

It is obviously premi- ture to assume that relief will be granted in the cases now under review, but in the light of the

decisions reached in respect of fur felt hats and hat- ters fur, there are

At the moment, China has not or equal in Britain the same standing as the U.S.B.R., which has its embassy, consulate and

mission ofcially special trade

as a trade channel. recognised

therefore,

be might China, obviously

excused for seizing upon the grounds for anxiety, and it may,

conference IS Rn

therefore, not be too early to bring the following considera- tion to the attention of the State Department.

fecting the pinch as Japanese domes ch being among the

the last war a

Kreat

Moscow

occasion of doing business with

and Western generally, but there is no exeuse lis

saries,

ACID TEST

Japanese Motor-Car Industry

HELP FROM THE GOVERNMENT

cars.

BAILINU 9

"TJIWANDI Sth May maghianduty; tjakarta......... mešatART.

"TASMAN"

TIFONDOR"

"STRAAT

MAKASSAR" "TEGELBERG" "TJELUWAR'

"BUY"

Bay 7000 7310

May i

May 1911: May 16t

Hurabala & Marker Ringapore, Penang & Belawan Ba DIRKA Tiirebon, Remaratis.

Bursala Macassar

Mauritius, Bingapore,

8. Africa B. America

Japan Vingapore,

"Silabala &" MacaMar --

Semarang,

May 26th

Japad

"TRAMPSEK”

May

th

・製

Titrebon, bainatang,

Butabilk & Mutassár

Atay st

Jund

and

TASMAN "THWANGI" "KAKTWAY! "TEGELBENo" "TsibdbAR"

TJHUWAIP*

↑ "IJTJALENGKA"

DT) WANUF

ATIANAS

TJIVONDOK"

June JIM via

Juins 1341

June 18th

June 25th

July 2nd

July 8th

July BID

July 5th

"STRAAT SOENDA"

July 11th

"TJILIWAB"

any

için

"ndisskVAIN"

July

***TJIWANGJ**

ag. zhd

"STRAAT BANKA" Aug. 8th

Aug. 14th

"BUYS"

--TJITJALENGKA"

Jaban Singapore,

Bijakarta, Nostang,

Burable & Markiser Singapore, Penang & Delawan Deli

Singapore, Mauritan

Semarang,

8. Aftica à 8. Rineriča Djakarta

Tilerboh Burubala Kinethiar Singapore, Djakarta, Remarang,

Burakala & Macasier

·Japan,....

Bingapor DJakarta, Semarang,

surabila & Macassar Marista,

Mlógapore. Penang 2,4 8, Africa

DJakarta, Tjirebon, Semarang,

Burabala & Macassar

Japan

Manila, Ringapore Mauritius,

3. Africa & 8. Aikèflea

singapore, Djakästä. Heinaránk,

Aurabala & Macassar

Japan

Singapore,

Djakaria,

Burchak & Macoltár

Manila, Singapore,

Bemutat

Maurits,

8. Africa 28. America Singapore. Djakarta, Bemarang.

"Sürabala & Marnasar

ARRIVALS

Japan Japan

From

| "TJIWANG).

"TABMAN"

tay Ath #TJIFONDOK”-

6th TEGELBERG“ 190 Viny den

"STRAAT

· ·ÁŚត Port

5. Amerlen, B. Atzira,

Singbore, Djakarta

BEAUTILIITY,

* Manila

MAKASSAR"

A

alay

9th

Japan

General Agents.

HOLLAND EAST ASIA LINE

SAILING TO EUROPE

“NIELURECHT" -

May

"AAGTEKERN”. "LITAN"

tuna

uly. 3

"ALMKENK"

AUE.

Halle Rotterdam

Arrives Hongkong

Bailed

Apr.

Mny 14th

Apr. 2910

June

7th

May

28th

4476

July

Fdd

Apr.

7th

Aug.

2nd

Bept, Th

ዶር-

"AAGTEKERK“. MELITAN

"ALMKERK"

Japanese technical standards were lowered by the war and considerable improvement in the technical field of passenger car production is a necessity.

ARENDSKERK" "KIELDNECHT"

Tokyo, Apr. 29. for the U.S.S.R. ignoring the The International Trade NO EASY TASK

organisation recognised by

counterparts in and Industry Ministry is to Western other The United States market has Britain, with

European give all possible aid to the

fulse never been an easy one for the countries, and giving

im-Japanese motor-car indus- Occupied Japan was already

goods of other countries, says the popularity

fleeting and making great strides toward re-

Live poal Journal of Commerce, portance to a handful of people try In its campaign to at- SAILING FROM EUROPE Large as it is, it is extremely "propaganded" into trade mis- tract foreign capital, englicing her old trading past-

was well supplied in most cares by Lion Britain particularly

cording to the Jijt Press. who pride producers

will also help textiles

inctal products and

The Ministry moved into markets the British must efficient in the world. Since But before, any thought of to raise the technical level of like to supply.

deal of trade can be envisaged-despite Japanese manufacture of pussen- As Japanese trade grows with chart has been expended, both the prospects offered-one con- ger me

ent of the United dillah should be an appeal to Indonesia, by the Government of India, Pakistan and

by the

the all the Boviet-Bloe countries, The depressed British-textile-in-Kingdom and interd dustry will have a stull, harder United States Administration, to parllestarly Chilin And Russia, Nor will persuado exporters in the United that trade, other than approved Aght to keep going.

to cultivate the United barter, is incolpatible with the U.S. textile exporters like it, Kingdom to

States market. It has appeared, continuation of the war in Korea

The Ministry expec:3, as a been

The with-

:esult of its decision to aid the Japoneze gods have

both in the United Kingdom and and Indo-China.

IDICES drawal of Communist maving into the United States

to the

ແ

States Govern would be the acid United

test of the industry, that the Foreigh

Commission Investment

will in incitesing quantities as she

ments, that it was essential, for rebuilt her

ta industries during

economic and political sincerity of both to carry on grant priority to this. Industry the occupation. Much of this repsubs, that the dependence of trade with Western Europe and in authorising the entry of

oľ Japan's regrowth

world

the United Kingdom on externai with all that the United Nations foreign capital into the industry. trade was fostered by occupa-

ald should be ended as rapidly felt inclined even to give official represent, China has not so fur Tell lic policies aimed at getting as possible.

status to our representatives in her back on her financial feer

Peking, a recognition Which and less of a fiscal burden to

would be but a single small step, the United States.

and a beginning of a closer trade and political tie linking China with the rest of the commercial world.

But American businessmen complained at the com- have petition offered in many lines metal producks, gloves, pottery, loys and textiles.

Complaints have stressed the inability of American maunfor- turers to compete in price with Japaniete goods made by workmen whose pay scales arc much lower. And some one Ame: lean manufacturers have of The quality charge that Japantes gonds was futor to American items, making price competition still more enz-sided.

30

TRADE DRIVE

The Japanese appear all set lop new trade drive,

It has long been clear that de- plorable restrictions on inter- national-trade could be avoided only If the United Kingdom were able.

greatly to increase its dollar earnings. It has been clear, also, that the power of the United

Lord Boyd-Orr, who led the Kingdom to be an effective ally,

bath:

-militurity and British delegates to Moscow, has storically, was threatened by ben busily occupied approaching of commerce in this the difficulty in balancing its chambers externul,

The Manchester its country.

Chamber of Commerce, prompted no doubt by a sincere desire to effect busines

in the various categories of textiles which are to send a ceble, inquiring for with it, wae induced for details, to the "China Natio

National Import-Export Con

Corporation"

and particularly

dollar, account.

In earning dollars, the United Kingdom, more perhaps than any

must

rely on

associated

the Soviet zone of Berlin. If had been in existence before the Moscow conference, carrying on

other country.

in the United increasing sales States of manufactured goods in direct competition with United States industry. British manu- facturers cha exporters, in spite of the temptation uf higher profits in caster markets, have responded to amces

to the challenge. They onal trade between Com- have neither sought nor been munist China and Soviet Europe, have approached us given assistance which would could render "unfair the competition many months ago. Lord Boyd-

Orr may have felt United States they offer the

Justified in acting as he hay producers, and such success 25 they have had has been hard done, but by now it is hoped that he has convinced. himself that recognized trade channels are best,

won.

of

any

it

has beriz authorised to invest in the Japanese eat industry Kaiser-Frazer, which recently fermed

Only one foreign car producer

jolnit Arm with East Japan Heavy Industries under the name of East Japan-Kaiser Frazer Company.

саг

However, negotiations are re- ported to be under way for u

e-up between Japanese makers and American

and European cat

manufacturers. The Isuzu Automobile Com- with pany

is Chryster Motors, :

the Tayotn Automobile Company with the Ford Company, Nissan Auto-

Company with Renault and the mobile Company with Geneen! Motors, Koroku, Kikan Kogyo

Tama Automobile Company with Fit-France-Presse.

Cotton Price

himself In New York

OVERSEA OUTLETS

Guilets overscha

New York, Apr. 29. Prices of cotton futures elused today as follows:-

30.55 hamthal

30.70

30.10 400,16

30.30

Shot

May

the July up in the needed.

October

December March (1033)

30.00 -35.00

Aty Jus

Cetober

NEW ORLEANS

July

of Japanes Consulates opened as the peace treaties were but into effect. American exporters and importers were urged to contact the Consuls for commercial information.

Tokyo's

London envoy to started the ball toiling for a new MOUNTING EVIDENCE irado treaty. He said competi- They are perturbed by the Hon for world markets would bo mounting evidence that shasp between his country and marked success in selling their Britain, but prchased that the goods in the United States will merchandlie piling

fair. in Japanese would keep

Countered by applications country are certainly The Bush on several oceanicus from United States industry for Moat of the countries bound with since the end of the fighting further protection and the tear us to the E sterling are, like have charged the Japanese wilh

that some. at least, these ap- ouridives, cutting imports, with dumping goods at unfair price plications may be granted. This the result that it seems incon Sput to capture markets from British festing is not confined to the gruous to look to them for a May

trades traders.

which

applications return to recent trading con- in

October have already been made, but is dition, ie, la conditions txing Dicember all beer The battle has not

widespread, so that it be when the first cuts in our imports, March (1032) Japense

whether, wh texts. The

whatever their source, were im- Over

question have been exporting eletrical come

prove to be posed. But Canada, our big Ink and light should the fears appilances, heavy

United Kingdom in the Commonwealth, has im- metad justified, the machinery and ether

keen is 50 effort to pay its way by earning posed no such cuts. products,

fore, she on helping us to find, the The British have been rind, dollars on

Should necessary delints that she basis can be however, to get come steel from

policies of proposing to plece sub-contracts Japan to help make up the Brl- | it fall, the

goods tich shorloge. Japan's shipment the United States as well as of of

the United Kingdom would be substantial amounts. of 100,000 tons of steel to Bri-

So great has been Canada's in- tain is smal compered to the frustrated, and the ability of the

Kingdom

is .lo play

dustrial progress that the is ac- American pledge to thip 1,000,- United

in the Western tively competing with domestic 000 tens of the scarce metal, but necessary part

United Sintos, Japur is offering to send more, alliance would be weakened. and the British need it.

It might perhaps be helptul, producers

the but she has several tommodities and certainly do ho bdrm,

which she thust export SHIPBUILDING

Board of Trade were again to countries other than the United emphasise the recognized Bates, agricultural and forestry Japanese ship lines are re- building, too, During the first channels through whith Soviet products particularly, if we and

៨៧៧

the sterling artia Commonwealth quarter of this year, the Ameri-Russia

countries won't trade with Her, then Canada must look to herself and schul her exports, and as a corollary buy her imports, else where.

Four of those freighters were built in Japanese shipyards..

Before Pearl Harbour, Japan was one of the leading shipping aations.

and China tan,

rearmsment

In

for

TAIWAN DOLLAR

May

July

October

Exchange

35.03

25.37 W

35.40

24.05 Bhi Untied. Pres.

MARKET

40

03.02 ko

33.07

35.93 Did

35,70 alej 35.33 tra

34.02 bid

limited Press,

Rates

A

- Business war - done in the dočkī uncletal exchonių. unarket LAJA mentre at the following rates:m UG. dollar (per (1)

0.315

Sterling nato (par. Cl)

15.00

Indonezia egliders iner I..

3,04

Siam ticals: (per 100)

20.03

Cine (Olrzts)

1.745

FIC plastres (per, 1001

MAERSK LINE

FAST FORTNIGHTLY BERVICE TOI

NEW YORK, BOSTON, BALTBIURE & PHILADELPHIA Via SAN FRANCISCO, LOS ANGELES AND ÞANAMA:

NEXT SAILINGS

M.S. "SALLY MAERSK” .......... M.S. "LEXA MAERSK”

M.S. "LAURA MAERSK

May 2 May 18 June

2

ARRIVALS FROM U.S.A. LAURA MAERSK”. M.S. "LEISE MAERSK”

May

May

M.8. "GRETE MAERSK”

June

M.S.

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building.

Tel: Nos. 38086-9.

Eastern & Australian S.S. Co., Ltd.

S.S. "NANKIN"

direct for

- PORT MORESBY, BRISBANE, SYDNEY,

DUNEDIN, LYTTLETON, AUCKLAND,

7th May.

8th May,

LOADING 6th `· SAILING

For Freight and Particulars please apply

MACKINNON, MACKENZIE & CỔ.

OF HONG KONG LTD.

Agents.

Telephone: 27721-4,

Em Pacific Far East Live, Juer

Fact Regular Trans-Pacifié Sorvita

DIRECT

SAN FRANcisco, Los ANGELES.

can Bureau of Shipping reports, should, make their approaches Jamese took 14 of the 10 mer- to Britain for any expansion of unofficial The recent trade. chant ships completed in ship-

negotiations of trade agreements yarns around the world..

in Moscow were not lacking in enthusiasm but

but their discretion leaves much to be desired. Such agreement must, in the long run, be put through British oila! channels, irrespective of the tom

Tatpel, Apr. 20. parary or permanent abodes of

The unmetal exchange rate the Chinese trade missions.

VELUI FAR EAST MERCHANTS

of the Taiwan dollar recorded

considerable glin földwing | V. J. LAEKENDACII” Д matter of fact, the

of the Bho Chinese already have been the clahing

by

Pelet commended

Japanese peace treaty yester-CONTEST of the day.

HAWAII BEAR" Thorneycroft, President

of

In Tokyo.. legislation is being considered which would permit formation

of associations exporters to build nailon's foreign trade.

thu up

And Japanese have just got orders from Chille for 20 locomo

lives.

This time

As

Mr

the Japanese are Board of Trade, to make their

OVERLAND

NEW, VORK,CHICAGO-DETROFT TORONTO MONTHEAD AND ALL AMERICAN & CANADIAN CITIER

Guam, atarinas Islands, Microhestan Islands →→ Rekular Servies direct or with transhipment.

I

The black market quotation with Watt- BÈÂÏ

not out just to sell knick-khacks approaches, for any expansion of 1301 to small shops. They want to trade to the merchants of Hong, firmed up to Talwan $21.00-22.00 be a major industrial nailon,kong and Shanghai who have for US$1.00 us against the re- exporting their products overy-beon active in looking for such cent months average of Tal- won $20.00, France-Presse, trade. If the Chinese are pre- wiraro Associated Press,

D1

245

4016

Laitod 2in2264/

From

Straits

San Franciien Boh Fraholico Manila

Arrived":

May...... May. 11 May 2

June

BALIK

Maya

May-12

May

Jutih '7

For

Ban Francisco, & Los Angeles.

via icabe Ban Francisco &. Lus Augėles

| Pelishg. Singpsoru. & Manila,

|| San, Francjicu di Los Angeles

Via Japan

For full particolare call United States' Lines Co. General Agents, Queen's Building, Tel: 28100,