1952-05-12 — Page 9

MESSAGERIES

M

"DOCTEUR YESIN”

"BIR HAKEIM"

*“BEAUVAIS"

"FELIX BOUSSEL"

MARITIMES

Arriving LeaTİNE

... art May

Jun 18

June 27

May 15 Muy

May 20

"LAKE MICHIGAN" ........Jene

May 23

M

Outward For

Halgod JADAN

Homeward For

N. Affies & Buröse Matrelila via Stantia

Jime * N. Africa & Europe

Genoa, Marseilles, Algiers, Oran, Tangler, Casablanch, Havre. Dunkirk, Antwerp, Rotterdum & all Mediterranean ports via Marseilles.

t freight for Saigon, Alexandria, Tunis,

Madagascar by Transhipment in Saigon or Djibouti

Bubject To Change WW?but Notice.

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

Queen's Building, (gr. floor) Tel. 26651 (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.

"BRADEVERETT” ·

Arrives May 14 from Manila. Salla

May 15 for Singapore, Penang, Calcutta. Rangoon &

"NOREVERETT"

Arrives May 28 from Singapore.

May 29 for Japan. Sails

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 13

Sailing May 14 for Singapore, Bombay, Karachi & Persian Gulf Ports.

M.S. "THAI”

Loading May 19 Sailing May 20

for Singapore, Madras, Colombo, Bombay, Kara- chi & Persian Gulf Ports.

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

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

BEND LINE

10 AND FREM DE FAR EAST

FAST SERVICE

TO UNITED KINGDOM AND CONTINENT

"BENLEDI"

Loading Hongkong 15th and 16th May

DIRECT TO SINGAPORE THENCE

LIVERPOOL, DUBLIN AND. HAMBURG.

W. R. LOXLEY & CO., (CHINA) LTD.

York Building.

Tel. 84166 & 38710.

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

S.S. "NANKIN”.

direct for

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

LOADING 12th MAY SAILING 13th MAY

For Freight and Partículars please apply MACKINNON, MACKENZIE & CO. OF HONG KONG LTD.

Agents.⠀⠀⠀

Telephone: 27721-4

THE CHINA MAIL, MONDAY, MAY 12, 1952.

ROAD TRANSPORT LEVY White Paper Reveals Government Plan

Cairo To Float Cotton Loan

Cairo, May 21.

A loan of 30,000,000 Egyptian pounds will be launched by the Egyptian

to Guvernment in Juno

linanco tha

catton new harvest,

The loan, which will be redeemable In six years, will bear interest of four per cent.--Franco-PressO,

Opposition Expressed By Trade Organisations

(FROM OUR OWN CORRESPONDENT)

London, May 11. Road haulage in Britain, which was nationalised by the Labour Government in 1947, is to be handed back to private enterprise. This is the main proposal of the Government's plan for reorganisation of inland transport which was published in a White Paper at the end of last week.

Broadly speaking the Government's plan is to revert to the con- ditions prevailing before the Transport Act of 1947 when road and rail

Revival transport competed freely one with the other.

In Spice Trading

ACTIVE MARKET-

At the same time, however, it has proposed certain measures to protect the railways from loas of revenue when this competition is revived.

First stage in the Government, sooner or later e passed on to plan will be to divide the Road the public in the form of higher Haulage Executives Undertaking, transport charges and this would

conflict with the totalling 40.000 vehicles. Into certainly "eparatable units" which will thenceonomic policy of a government be offered for sale to the pubile wiinsa avowed intention is to

down the coat of living. by open tender.

the now A stiff test awaits The vehicles were originally Required by the British Transport Minister of Transport, Mr A. T.

a cost of aboul Commission pt

Lennox-Boyd, whose task it will the Government's 280 million, of which some £30 bo to steer

keep dow

ment's

Salgon, May 11, Spices have always played million was pois for the good-Transport Bilt through the flouse

of Commons. an important role in inter- wins that goodwill has, in the He will not only have to over- national transactions but.;

of the White Paper, come the opposition of trade since the war, the volume words of this trade has decreased "substantially disappeared," It is organisations to the new levy thought unlikely that the under-

but piso

carry out the Govern- plan to sell the Rond considerably. Now,

how-taking can be sold at the price at Haulage Executives Undertaking ever, an upward trend has which it was bought.

Government therefore back to private hauliers in the -appeared-and_the_market

proposes that a levy, designed to-face-of-the-Socialiste threat to has become more active,

initially £4

£4 million a year, re-nationalise road transport if

on all road they regain power. Immediately after World War transport-with the single excep 11, prices skyrocketted with an

vans-to the result that the trade stilltion of local delivery

amortise the loss on the disposal

The

Would be raised

of years.

Part of the money raised by the levy will also be used to offset any loss of revenue suffored by the railways through the transfer

traffle to the roads. -MANAGEMENT-BYSTEM-

Demand For Gold Shares In London

brings important profits to proof the undertaking over a period ducer countries such as India and other Far Eastern States.

The consumer trade, which was formerly important, now

back seat and takes a

the canned Lood Industry has first place as the stepped into greatest user of spices.

Pepper and other spices are As far as the railways are today widely used in the canned concerned the Government does eanried sausages, four not propose any change from the products, bisculls

and

other present system of public owner- sociated industries.

ship. The proposed changes in

London, May 11. Before the war, the price for this important

of the section black pepper

on the London transport system are solely con-

The markets have looked market was one piastre 15 cents cerned with method of a bit silly this week.

the klio. White pepper was administration.

On the strength of a brief lull plastre 00 cents. Today black

One of the problems which the in political tensions in South

a

is

HONGKONG SHARE MARKET

(From Our Correspondant)

of

Only $118,344.80 worth shares changed hands on the Stock Exchange this morning. Noon quotations and the morn ing's transaction13

BÁNKA

fik Bank.

ROYAL

| "TJILUWAN"

“THKAMPER"

"RUYA" "TJJWANGI" SA -TEGELBENG"

--TJUODAS"

KARTWAY"

“TINLOW AIR"

"TASMAN

FEROCEAN LINES

SAILING-S

kay j

May

23

May 29

مذان في

June

བྷསྶ ཐཱས ༤ - ༡ au

June Ju-1

Jane 13

JAROS

Juho 23

"ŽAIRSALENÓKA“ JUND MTJIWANGI.

July

#TJIPONDOK"

"THPANAS"

"ALYS"

“TJILANTAIP

"TJIKAMPEK” ·

July

July

#

Inly A

July 18

"EASTWAY" "TJIWANGI"

July 23

July 27 Aug. E

Ang.

~TJITJALENGKA Aur. "TJILUWAM"

“T/IPONDOK”

YZWANEJ

AUK. 10

Aug. 21

? Rept.

"TJINODAS"

TEGELBERO" "THLUWAI”

**EUSE"

"TJIWANGI":

"TASMAN

To

Epithysporas. Bijakarta, ⠀ Kematanga

Mürannia 2" MACARAAD Ralgon, jakarta, Tiirebon, Hematang,

Nurabota & Macassar Japan

SEIRADYFE,

njakarta,

Karabala & Macassar MARIJA,

Semarang,

Singapore, Manziling,

8. Africa 2 H. Ainética njakarta. Tilreben, HrniDrang.

Brabala & karangay

Hingapore, Penang a Betawan: Beit Dinksita. Semarang, Singapore,

durabala & Maskar Singapore, Penang & Belawan' Dell Japans Singapore, Djakarta Semarang,

Eurobala i blacasiAZ Djakarta.

Penang

A

Tilrebon. Bemarang. Hurabala, & Msematar Stanija, Singapore,

&B. Azien Manila, Hingapore, Marlins,

B. Africa & 8, America- Singappie, Djakarta. Bemarang,

Djakaria, Titrebon, Beinarang,

Karbala & Macar

Surabala & Macassar Singapore, Penang & Nelawan Dell slugapore, ujakaria, MATARE.

Buratala & onwar

Djakarta. TJirebon, Semarang,

Hurabnia & Maenasar

Atalia, singapore. Mauritius,

B. Africa & 6. America Kingarfore,

Jakarta, Semarang.

Barabala Maenawar Jakarta, Tjirebon,- Semarang,

Burabals & Macassar Blugspore 11 Jakarta.

Bayarang.

Murahala & Macarsar

ARRIVAER

In Part

Atuy

12

Tay ZG

May

May 31

Starawar.

Front

Surabala,

Djakarta & Singapore

NOMATARRA

8. -Ämertea, 8. Äffles, Mamitus,

Singapore, Manila

Macassar, Furabala. Seinatang.

Djakarta & Siapore Penang. Belawan Doli & Singapore

General Agents,

HOLLAND EAST ASIA LINE

AKS JUYENS SELLEUS RALES

*SAILING TO EUROPE

“AAGTEKERK"

1400

1300

"ULITAN"

tai Aktu

140

INSURANCESS

"ALMKENK**

Union XD

240

"ARENDSKERK”

HK Fite

140

SHURING

.1 52!2

1300 1.575

"ELITAI

Kak Nay. DOCKS, ETC,

K. What

. Ft. Whzit Prev.dent Wheelock LAND, ETC.

HK flated S'hat Lend UTILITIES

Tram S-Ligat

41 4115

500 30

11⁄2 1000

15.99

10 100 15 3

21 1450 ## 20.00

, XD Electric.......... 29.60

Tellphone 14.70 15 1410 A 14.ED

14.70

INDUSHIALS

Cement

STCIES, ETC.

Dany Wulfon

1750

1979). 1850 1800 200 m, 10%

Crawford 33 3315 100 d 33

COTTONS

Ewa

........ 256 2.70

pepper is quoted at 67 plastres Government transport policy is Africa, speculators went on Slow Business designed to solve that of Info gold shares, hitherto con-

excessi #excessive centralisation." It spicuously avoided,

to do this by giving proposes greater

to autonomy

13 cents and white pepper at 60 plastres 04 cents. A year AD these quotations reached their maximum level of 82 plastres 50 cents and 133 plastres 28 cents, respectively.

Judging by the indices of ares closing prices, they lifted the managements in all matters market values of dividred-

נים by

In Textiles

except those relating to finance paying sharea by more than

⚫ New York, May 11. and rail charges which will re- tivo. per cent and these et

All the basic textile markels main the

of the

developing companies

les experienced another week of Unless Its an nine per cent the pubile games in and supports slow business. Buyers continued much them, their fack seems sub-10, have things pretty

their own way startal.

The cheer generated in cotton the re- reds in mid-avesk by covery in raw cotton prices and proposals to speed up govern- ment buying of textiles modified later.

INDIA IN LEAD Before the war, Indonesia Transporte

"The existence of these was the greatest exporter #710

areas," the White Paper India one of the

separate areas," the smallest.

"should encourage a healthy has gained the says, " Today Indis

Largely on the strength of Icad ond

for that rivalry between them and give pepper is country an important source of greater scope for initiative than Mr Churchill's proadcast last

under A dollars since the United States, is possible

single week, in which he told the with its vast canning industries, centralized administration."

country that he was determined At the same time the Transport to have the Conservatives stay purchases about two-thirds of

Commission

sion is to be given greater In the world's exports.

power for another three de latitude to vary its charges "so four years, interest in gilt-edged as to improve the ability of the developed but listed only three

days. railways to

India exports mainly black pepper whereas Indonesia was famous for both black and white pepper.

Today, the difference in the price between the two has become now it is much smaller since possible to turn black pepper inte the white variety,

|

forms of transport with other of the second batch of local

It will be permitted to raise or elections showed, like the arat, lower its charges within the that the Labour Party is gaining prescribed limits, reciting sub-heavily

from the sequent. approval Transport Tribunal

SAILING FROM EUROPE

"AAGTEKERK"

"ALMKEEK"

AKENDEKERK” "KIELDRECHT"

Zund

July

AUK.

Brot.

Balls

Rotterdain

Arrives

Hongkong

STRE

Suna

Salled

Apr.

*

Abr

Nay 2x

July

Jmy

Aug.

Aug. Вере

MAERSK LINE

FAST. FORTNIGHTLY SERVICE TO:

NEW YORK, DUSTON, BOS ANGELES AND PARABULAR SAN FRANCISCO, LOS ANGELES AND PANAMA,

NEXT SAILINGS

M.S. "LEXA MAERSK❞ M.S. M.S.

LAURA MAERBIC"

"LEISE MAERSK"

ARRIVALS FROM U.S.A.

M.S. "LEISE MAERSK” M.S. "GRETE MAERSK" M.S. "OLGA MAERSK"

AGENTS:

May 18 June June 17

2

May 14

June 6

June 17-

Cotton goods consumers said agencies buying cotton goods would not increase their over- all purchases but hereafter would strive to give preference

10 mills working on For Freight and Further Particulars please apply to:- awards reduced schedules.

Opinion Old Consols ended the week

was mixed on effect

of the Government's at 30 compared with 61%,

of credit controls pension The most active market was

but buying where ins'almer in Japanese bonds,

majority of observers reemed to selling had been quiet and por- feel that

CAIB. refrigerators. The May Day riots in Tokyo television sets and other dur- touched it off but the effect of able goods are likely to get con-

preference over that was only. transitory,

What seems to be influencing goods lines.--United Press,

zistent.

Africa, India and Japan are

NO INDICATION among the largest producers of The White Paper gives no in- red pepper. Ginger products from dication of how the Government Weil Africa and the West Indies proposes to raise the new levy on are now not so much in demand road transport. And it is equally sinee prices are sa low as to dis-

about the exact purpose to Vogue courage

production.-France-which the levy is to Presse...

To what extent it will be used to amortise the loss on the dishe przal of the Road Haulage Execu- lves Undertaking will not be known until the loss itself has been measured.

Idle Session

In Stocks

New York, May 10.

to be put.

market

is now

the beller that the Yoshida Govern- ment nigy be overthrown ment determined to replaced by another Govern- resume

savo

When that is known and the period of amarisation la deter-

from collapse. the retaining clement in mined.

the levy will be used to subsidise the railways.

that the roads attract

And this, says the White Paper, Stocks idled through one of need be increased only to the ex- the dullest Saturday sessions in tent years, with Insignificant price additional traffic and therefore changes and the lowest volume additional eamings from the

railways. in 24 years.

Hesitancy pending the General effect of these Suproms Cou; aleel seizure de proposals will, it is hoped, be to cision and the lure of Spring re-establish a measure of com- weather kept Wall Street-at-petition between road and rail in long-distance -journeys and tendance to a minimum

Ternover was 310,000 shares, therefore entourage ¿Melenty in

shares both compared with 380,000

ADVERSE REACTION last week. Of 654 issues traded, 342 advanced, 204 declined and The Government believes that unchanged. There as a result of these changes

alue were 12 new highs and

"rade cod industry will get a bot- new lows. Some olls had sharp fer service and the distribution of road and rail declines. Railroads were irregu- trafic between

by the dar. Malons lightly improved, will be determined. Bleels were fairly active.

advantage which cath has to Dow Jones averages at the offer to the trader " end of the session stood at Comment on Government's follows:

transport plan has not been entirely favourably.

208

30 industriale 10 Tax

15 ARAMES

bonds

04.5t

€9.20

$3.13

United Prytz.

Price Increase

In Britain

London, May 11,

sumer

the tu3- 013 The

apft

and Rubber Futures

In S'pore

trade with Red China and thus

the

country's economy

Singapore, May 10, Pricos of rubber futures With no hue and cry what- ever,

Tokyo Electriclly bonds Number rubber, per ib.

closed today as follows:-

pre-May Day price to have fallen from £170-their June £102. July

Number 3 rubber, Juna

JERSEN & CO.

Pedder Building.

Tel: Nos, 30OGG-9.

PATTISON ORIENT LINE

LIMITED

S.S. “LAURE PATTISON”

84 -04

B315-81

01-11

7716-701

7315-7112

81 -0416 03 -03 105-110

Due From:

Japan

In Port.

The 1007's fell from £183 to Number 2 rubber, June.. £133 and 1930's from £146 to Number rubber. June 2141.

Spat rubber, unbaled ... British industrials had a dull manket crop? week. Although this is the sea-No. 1 pale crepe son for all companies dividends

Unlied Press. oils had no strength.

Coppers lost ground and ru Exchange Rates

bers were weak-United Press,

Palm Export

Decrease

Washington, May. 11. The Department of Agricul-. tuto reported that Indonesian exports, of palm oil and . palm Kerncis during 1951 were 107," 108 and

of 10 per cent per gent from the

of palm all: to all.

facturers and Traders has pointed and four out that motor.

taxation now 1950 figures.

The Society of Motor Manly, fons, respective.

amounts to nearly £340 million

road transport eosły,

་

Exports

a year-ave. times the total destinations excepi. Singapore amolint to Le shent on roads

tils and Malaya decreased In 1951. year,

but dib, distansion pattern of The additional levy, it says, otports has changed in several cah dilly mean an addition to Netherlands continued to The British Road, Federation bothe Principal destination, "The Economist's fortnightly has expressed much the same with 60,307 tons. The United Index of wholesale prices, which view. Levyn dding" a rullway Sistas - become

system v la rather heavily weighted: for

virtually unchanged since largest

w24 21,025 the th Century, food, closed at 293,5 on:3lay 0, stultify it pays, "can ||toTY, BERIFEonly

the. Government's the compared with 124.0 a fortnight Intention Lo raise the overni ports to the United Kingdoin and Germany have 'dropped about 60 per conk,mi United, Press.

ago and 221,1 a year ago...

It is 18.3 per cent above the pre-Korean war figure of 180,0,— United Press:

efficiency of transport.ne Most abrious objection to how levy, however, is that It will

Sails For:

DIRECT Puann & Kobe May 14th.

Tel. 25346.

CHINESE AGENTS:

Business was done to the focal 12-14 Queen's Road, Central unghicial

Exchanés hyarket this morning at the following, raten- U.8. dollar (per $15**** 4.50 Sterling note (per 211

15,75

20.80

Incamenta qulders (per 100) OVERSEA CHINESE STEAMSHIP CO., LTD.“-

| flama ticals (pur 100)"

ingapore. Strafts)

FIC plastres (per 100);.

48. Bonham Strand, West,

Tela. 26127, 31118 & 31110.

Pacific For East Line, Inc.

Fast Regular Trans-Pacific Service

DIERET *

BAN FRANCísto, Los ANGELES

OVERLAND

NEW YORK-CIJICAO D-DETROIT-TORONTO MONTREAL AND ALL AMERICAN 4. CANADIAN CITIES

Guam, Marinas Islands, Bileronealan Islands Regular Service direct or with transhipment

Arrives

Ballr

Vezeti

From

the secoild “CONTEST"

San Francisco

KANONENIAWAN DEAR"

Zianila

May 12

June 10.

May 13.

June,

San Francisco & Los Angel

Ban Treneisen & Lox Ans

Vla Japan

For fall: particulars" "call" United Sistem, Linen Co, Clonoral Agents, Queen's Building; Tel: 28190.