1952-05-09 — Page 9

MESSAGERIES

M

"LAKE MICHIGAN"

MARITIMES

Arriving LesVINE ·

"DOCTEUR YERSIN"...Jn Part

"BIK HAKEIM”

{"BEAUVAIS"

"FELIX ROUSSEL"

Stay

B

- 10

May 21100323

13

May 19

May 20

May 23

May

"LAKE MICHIGAN” ....June

M

Ontward For

JEDAN

Salgun

Зарат

Homeward For

'N. Attica & Europa

Narseiller nha Thế hội 23 ま June AN, Africa & EssoDE

freight for Saigon, Alexandria, Tunis, Genon,

Marseilles, Alglers, Oran, Tangier, Casablanca, Havre,

Dunkirk, Antwerp, Rotterdam & all Mediterranean ports via Marseilles,

Madagascar by Transhipment in Saigon or Djibouti

Subject To Change What Notice.

CIE DES MESsageries MARITIMES P.O. Box 53, Hongkong

Queen's Building (gr. floor) Tel. 26661 (3 lines).

EVERETT

LINES

EVERETT ORIENT LINE

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

"BRADEVERETT"

Arrives May 12 from Manila. Sails

May 18 for Singapore, Penang; Rangoon &--Calcutta.

"NOREVERETT"

Arrives May 28 from Singapore. Sails May 29 for Japan.

EVERETT STAR

LINE

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

FIRST CLASS PASSENGER ACCOMMODATION

M.S. "NORDSTJERNAN"

Loading May 12

Sailing May 13

M.S. "THAI”

Loading May 19 Sailing May 20

for Singapore, Bombay,

Karachi & Persian Gulf Ports.

for Singapore, Madras, Colombo, Bombay, Kara- chi &c 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

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

S.S. "NANKIN"

direct for

PORT MORESBY, BRISBANE, SYDNEY, DUNEDIN, LYTTLETON, AUCKLAND.

LOADING 11th MAY SAILING

12th MAY

For Freight and Particulars please apply

MACKINNON, MACKENZIE & CO.

OF HONG KONG LTD.

Agents.

Telephone: 27721-4,

PATTISON ORIENT LINE

S.S.

LIMITED

LAURE PATTISON"

THE CHINA MAIL, FRIDAY, MAY 9, 1952.

Pacific Service

To Resume

London, May 8,

Two Canadian Pacifio cargo ships, the Beaver Cove and Beaver Belle, are to reopen the company's Pacifo servico betweekl Vancouver and Japanego potts

August¦'ag

September, ft WRE, On- nounce here today.

It is 11 years since the company. Inst ran ships across the Paelfie-France- Presse,

Germans

Plan Aims At Big Steel

Increase In Food Output

Washington, May 8.

Plant For India

JOINT PROJECT

WITH JARAN. !

"TEGELBERG® “TJILUWAI

“THIKAMPER" "XUYE" **TJIWANGI" ["EASTWAY""

| »TEGELLBRA“!

*ÈIJÍODAS”**

TJILUNAIS"

"TJIWANGM

Tokyo,"May 8. Prospects for the estab Mr. Stanley Andrews, the new Administrator

Jshment;"; of "a"glant steal of the Technical Co-operation Administration, plant in India, proposed TJALENGKA said today that the long-term success of the Point under the Japan ladin eco-

ProTJIPONDOK“ cooperation Four Programme will be measured by its abilitynomic

gramme, porod brightly as "THIPANAŠU, to increase the world food supply.

the Government yesterday nuYE” -- In an interview, he said the world's popula- decided to offer donnite sup- tion is climbing faster than its food production

Hoping For and the TCA will make. its major effort toward port to the project.

The Indian, Ambassador, K. K.

Contract From Egypt

(From Arthur Cook)

Cairo, May 8.

trade and A German financial mission has ar rived in Cairo with great hopes, and a semi-promise from the Egyptians, that they will land the biggest engineering contract seen in this country-the £20,000,000 Assouan project.

dam

have

For years experts studied the project of damming the Nile north of Cairo to pro- vide unlimited electricity, and when the project was Anally decided upon, Britain was one of the first in the field with a tender.

Now Britain has been forced to admit that lack of steel which is being used up in her rearmament programme-would hold

the up

contract. Germany, with masses of steel

engineering. for civil

And

has

the relief of this menacing 'situation.

Mr Andrews said three basic problems which con front mankind are food supply, health and fundamental education.

HONGKONG

SHARE MARKET

(From Our Correspondont)

Businesa donc on the Stock Exchange this morning Was valued at $98,138. Noon quota- tions and the morning's trans- actions:-

SHARES BUYERS, SELLERS SALES GOVT. LOANS

(1048)

in Bank 1385 1410 Last Asia... 341

INSURANCES

Canton

Union XD..

Underwriters

DOCKS, ETC. -

K. Wharf

62

N. Pl. Whitt 6.00 0.80

Provident... 313

S'hat Dock..1.7. LAND, ETC.

Chettur, anil Tatsunosuke Takasaki, formerly President of the Manchuria Heavy Industry Co., now defunct, have been discussing the steal plant to be jointly invested in by Japan and

The world population is out-India. running world food production.

Paint

Dur

→

atay 25%

May 25

July

July 7

July В

July

Д

TILUWAR*

KAMPEK"

July

APE.

ADE

26

Tungpas"

TALENGKA *TIHLUWAN

Man vesterday. "THWANOP"

DANG

INGA

Drapers,

Pago 9

“Uurabala "Z" MACASIA?"

Djakarta,

Semarang,

Tiltrbon, dimarang, Burabata' Macascar M

Парал..

Nibдapate,

Djakarta. Semarang,

Surabala. "NAPAASAY

Singapore, Penang & felawan' Deli Manila, "Kingåpore, “MauTÍLINN,

H. Africa & N. America.

"jemarang.

Djakarta, Trebon, Pokušaja. A Maerisir A Sinespare, Dijakarta, > Metharang)

Sorabila & Macassar

Таран

Bingapore, jakarta, Semarang,

Djakarta, jirebon, Semarang,

Surabate & MACREST *Manila, Singapore, Penang

Manila. Singapore, Maurition, da 5. Africa & H, Amerlea

Blogapore, Djakarta, Hemarang.

durable. & Macassar

Djakarta, Tilreban. Hemarang,

Hntabain & Marziar

Alagashte, ; þjakarta, : Semarang,

Hurabala & Macasar

+ Djakarta, K. Therħon

Hyrapala__&_ Macassar,

Mantia, Bingapore,

Semarang,

Mauritius,

znam: B. Africa & B, America

pinenre: Djakarta, Semarang,

Hureabata Atacasist

From

ARRIVALS

"TEGELBERG" "THUWAH"

In Part

May

1

May 27,

May

M

May

June

ร

Jun12.

June 19.

With the plan strongly If we fall to increase overall favourod by the Premier, Shigan: production of food in under- Yoshida, and

tha Financo developed areas,

Four Minister, Hayato Ikeja, the will foll.

International Trade and Industry gya "Seventy per

cent, of

Takahashi, Minister, elfort will be in that direction. following a Unless real progress is made, with MITI ometals, decided to "TARMAN" the situation will

TEOELBERO" become despatch Mr Takasaki to India

soveral technical |„"THLUWAD? meancing within a decade,"

Mr Andrews estimated

the other with

experts to conduct an on-the-JIFANĄS"

kurvey. A special Indian is expected to arrive on or about May 20 to dis- CUSH concrete detalls of the project.

world population' at 2,400,000,- spot on

000. This was an increase of 225,000,000 since 1940 and the world birth rate was about 55,000 daily,

Worldwide agricultural pro- duction has increased nine per cent in the last decade while population hus increased 37 por cent

__The_areas_where_population 6005 @ 935 is growing most rapidly are those where little or no gains have been made in food pro- duction, as in Burma, Indo- China and India. Increases in food production, have been chiefly in the United States and Canada.

10 735

HK Hotel. 750 7.40 1500 m 7.40 HK Land

300 43

BK Land (R) 16

S'hai Land (1,42%, the

into the lead. jumped has also something else to offer, banned to

sh. She is willing to en- British. ter into a barter agreement

Egypt in return for with contract. Almost the whole of of Egyptian last year's crop

cotton is

still in Alexandria warehouses and the new crop

is due in five months.

Humphreys

UTILITIES

from

11.13.300 .fazo.

200 M 11

15.00 10.30 800 18.10

8.30 8.40 200 44 Alk 500 - 8.40 1000 0.35

а

C. Light

C fight

8.40 955 266 ta

ធុង

Macho Fies.

· 14.70

17.20

600 11:40

14.70 31.00

3314

130 +2

Apart from this, Egypt plans

supply

rice, with Germany 物 hides and agricultural produce in return for medical supplies and equipment, lorries, hydrau

electrical industrial

and

lic

Here

equipmeans Strack, leading a

new

mission of nine Germens, said here today: "We hope to sign

trade,

and commercial

the financial

agreements in

Gor- next few days. We in

apart from many hope that

both the material benefits for countries we shall understand more the problems now facing Egypt. The Assouan dam? Yes, we have great hopes of getting the contract."--London Express Service,

Cotton Price

Highest In Over A Week

was

New York, May 8, The cotton market bulls re- gained the upper hand in deter- mining the price trend. Values achieved, the highest levels in over a week, starting off on a note of firmness and ending with a shaw of strength.

The turnabout in sentiment

4th coupled

three main reasons:-the proposals to speed up the Government buying of textiles, the revival of inflation- following the sentiment ary suspension of Government con- trols on Installment buying and the Korean Iruce uncertainties. The Department of Agricul ture, in a revised report, placed

the

acreage

in cultivation

July

1 That year at 27,017,000 acres of which 20,687,000 acres were harvested. Ginnings were placed at 18,130,243 balos.

The market opened up 18 to 31 and edges irregularly higher, achieving the best levels in the last hour.

The list finally closed up

to 64 points

Prices follows

Spot

July

closed

today.

33

as

40.20 nominai

30.43-39.44

Telephant 14.90 1 1700 @ 10 INDUSTRIALS

Cerust

Rope

STONES, ETC.

"Dass

Watson Watson (Rts)

L. Crawford

COTTONS

-1

285

The Rubber

Markets

Prices

im-

Mr Andrews said the provement in health, especially of the rural populations, is a factor contributing toward bet- ter agricultural production.

DEVELOPMENT PLAN

Overall progress In human welfare, he believed, also

TC- quires parallel progress in fun- damental education suited to the needs of the people 08

they absorb improved technical methods.

So

in

You cannot agriculture or in establishment of public health techniques without a certain amount of. fundamental.education.!!!

The TCA hoped to

obtain $227,000,000 for Paint Four.ne-

ASHES in the fiscal year of Large amounts will be spent in India, Pakistan and

Iran.

Although TCA would make its greatest effort along lech- nical lines helpful to food pro- duction, Mr Andrews said, I would not overlook

Industrial technology

here

Macassar, Aurabain,

Diskarta & Kingapore

Apularpu,

S. America, S. Africa, Mauriilus,

Singapore, Ma

Macassar, Sarabala, Semarang,

ajakarta # Kingapore

Penang, Delawan Deli &-singapore Japan

Alackstar,

Surobala, Semarang, Djakarta & Singapore

E... Africa, Mauritius, Singapore

& Manila

General Agents.

HOLLAND EAST ASIA LINE

According to tentative agrees Mr. reached between ments Cheilur and Mr Takasaki, dhe scheme envisages the following:"|| SAILING TO EUROPE

The Indian Government will-furnish 51 per cent of the total capital in the proposed plant, and Japan 40 per cent.

The Japanese will supply

"KIELDRECHT”. "AAGTEKERK* "BLITAR "ALMKERK"

VAAGTEKERK"

"BLITAR

May

June

July

Aug.

Sails

Flotterdam

Arrive Hongkong

✓ Sailed

Ape.

May

.Apr.

June

May

July

July

Azr

ang.

Sept

five to ten billion yen, largely SAILING FROM EUROPE in the form of plant equipment. FINANCING 3-The joint garisation will with pig iron and cupply Jopan ether predkiets (about onethalt of the output), in addition to Iron and

coking coal.

4. To procure funds a special company to be called India Sleek Manufacturing Co-opera- tion Company will be establish ed in Japan, capitalised at 100,000,000 to 400,000,000 yen within this year. This firm borrow money from the Bank of Japan or the Export-Import Bank with which to purchase Plant equipment to be furnish- side! ed the joint Indo-Japan plant in India.

3.Japanese steel plantsrepcli as the Yawata,”? Dull hold Nihon Kokan

offer technical guidance to the new Company,

According to, the Yomiuri f programme la smoothly finalised, the cost of pig Iran from India two years from now could be reduced to sround $40 a ton from the present $83 per ton.-France-Presse!

*Lind

or natural resources Grain Prices futures copment of natural re-

London, May 8. of rubber closed today as follows:- Number 1 rubber in pence

per lb. June

July/September

October/December

January/March

27-2714 2015-12

2474-23 Unlied Press. NEW YORK MARKET

New York, May &. Prices of rubber futures elosest today 10- to 30 points higher with anjer totalling 123 contracts:

September

30.20-30,40

Octabor

November

December

January (1053)

February

29.67 nominal 29.14 28.35

28.45 nominal

21.04

11

27.37 nominat 27.07

Unified Preus.

March April

May

June July

SINGAPORE MARKET

Sources

was primarily an ex-

de-

ploration problem. The

velopment of resources had a two-fold advantage-ft would help other countries to obtain neoded foreign' exchange and it

would

holp the United States to obtain many pro- ducts which are not available from domestic sources.

In Chicago

Move Higher

Chicago, May 9.

Grain -- fufirres joined the Mr Andrews Indicated that higher trend in the commodity technical co-operation for in-

markets spurred by renewed dustry

be along will

dentard and the strength in Unes

vegetable alls. which do not involve large ex-Wheat futures trosod 3 to 112 penditures but will serve as a "trigger" incentive to Indus-

Or

try prospects.

hinner,

higher and soybeans to 3% Prices of grain futures closed food, health and education are today as follows;—

When the basic programmes of

under way, increasing attention

will be given

of

of

Wheat-price per bushel.

2.491 nominal 2.425-1

Spot to the other

May Poini Four-co- Juiz:

September December

prong Singapore Máy D.

ordination futures

with plans for

Prices

rubber of closed today as follows:- Number 1 rubber, per lb.

Juna July Augtr Number- Number

013-25

June 86-89 rubber,

June 05-43 rubber, Number 4 rubber. June 21-0 spot rubber, unbaled Blanket crepa No. 1. pale crepe

0114-03

09-01

14-110 “United "Press.

LONDON TIN

MARKET

London, May 8. "Tho tin market was idle but. steady with turnover of only fiva tons, all for forward positions, Prices closed at the end of the official morning sertion as fol

Iowa:-:

Spot tin, buyers

NEW ORLEANS MARKET

30.20./2000 20.32-3.14 38.07.38.7 26,49-30.50 36.25 30.14

Exchange Rates

Butiness was done in the local unofficial exchange market morning at the following rates

195.15 U.S. dollar iner $1)

tochnical encouragement of private investment.-United Press.

Foreign Exchanges

In NY

Canada England-ometal

wamelal

1 30-day

po-day Australia

Hew Zealand

France

Switzerlandt

aid

March

Corn

Spot

TOOL

Alay

·July

September

December

Rye

May

July.

"Data

May

July

*New York, May'd.

US$1.0!

2,609 2.54 bid/-

**27 diket

futures futures

South Africa

004

Ielgium

Spot tin, xoilers

04515

Denmarie

October

38.78 31.52

Business done at

December

10.m

Three months tin, buyers

Thred-months,uin, sollarN

963 DOY!

West Germany

Holand

March (3953)

30.10

Business done at

243

Italy

Иду

Settlement

945

Norway

July

36.77

October

54.20

justed Press,

Portugal

Baata

-United Fresa

Sweden

MIDDLE EAST

#pot

May

July

Sails For:

October

Turkey

December

March (1053)

DIRECT Pusan

& Kobe May 12th.

May July October

Sterling note per Lu Indoncals Eilders (ock 100)

"18.00

.34.18 bid:

-Uretou PreRS.

FTC rigsters User 100)

Flamticals (per 100), 2250 Bingapore-(Birafts)

TELU

Bolivia

Colombi

Cuza

12-14 Queen's Road, Central

Tel. 25846.

Peru

CHINESE AGENTS:

48, Bonham Strand, West, Tols. 26127, 81118 & 21110.

Duo From:

Japan

In Port.

نفسه.

LATIN AMERICA

·Argentina.

Catton Production | Capra Quotation

Washington, May

The Agriculture Department çin...' the, înal report: set 1052

Urugars Venturels PAR EAST

May New York Anyt Copra was quoted Inday at Indin

OVERSEA CHINESE STEAMSHIP CO, LTD. Coton production at 15,130,000 $130 por thor top nomlan

bales, down 160,000 tales from Coconut oll was quoted "at 84 Decembar estimates, United cents a pound, asked.United

From,

Indonesia Hingapore Japan

350 yen to USTI United Proza.

New York Rour-per 200 15. $12.35 nominal.-United Pre

New York Sugar

Futures

New York, May.8.

World sugar futures clorod today lower to 3 higher with tales totalling. 34 contracts.

Contract No. 0 closed 1 to 2 higher with sales totalling 303 centricts. AREA OTRAS

Contract No. 4 (world)

ના ર

May

July.

November

| Contro Not

"ALMKERK"

HABENDİK ZELIC "-

"EIELDRECHT”

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "LERA BIAERSK” M.S. "LAURA MAERSK

M.S. LEISE MAERSK"

-May 18

June June

ARRIVALS FRUMUSA, E

M.S. "LERE MAERSK

M.S.

M.S.

GREPE MAERSIC" OLGA MAERSK"

12900

May. 14

G

June June 17

For Freight and Further Particulars plenas apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building!

Tel: Nos. 86086-9,

BENT LINE

FAST SERVICE

TO UNITED KINGDOM AND CONTINENT

"BENLEDIZ

Loading Hongkong 16th and 17th May

a

day and

(4.24 nominja J^.

Effect Of Strike'

New York, May 7, The steelixio Inel weeke cut weekly production, to 51 per cent at capacity, the lowest laval sinop (lhes 1040 nifike, but this week's prcduation IR:0x7 pected to reach de per centy of capacity, the American ro

nnounced and Bicol Institute, today-United Press.

debu

- DIRECT TO, SINGAPORE

THENCE

LIVERPOOL, DUBLIN AND HAMBURG.

WR. LOXLEY., & CO., (CHINA) LTD. York Brilding

Tol 34165.&.88710;

The following publications

are now lière

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C. M. POST.

HONGKONG and KOWLOON.