1952-05-14 — Page 9

MESSAGERIES

M

MARITIMES

Arriving LeaVİDE

"BIR ITAKEIM" ....... Jund

*BEAUVAIS"

"FELIX ROUSSEL" “LAKE MICHIGAN"

.May

M

Antwerd Wor

IC

June 23

Japans

Somewhid Por

1

10 MAY 25 ..May 23 Ainy 23

2, Africa & Europe Biapacities via Manila

3 Jutta 1 N. Aftita & Europe

tfreight for Saigon, Alexandria, Tunis, Genoa, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam, & all Mediterrancan ports via Marseilles.

Madagascar by Transhipment in Saigon or Djibouti

* Subject To Change WW?out Nolies.

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

Queen's Building (gr. floor) Tel. 26851 (3 lines).

EVERETT

E

LINES

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.

"BRADEVERETT"

In Port Sails

loading:

May 15 for Singapore, Penang, Calcutta. Rangoon &

"NOREVERETT“

Arrives Saila

May 29 from Singapore. May 30 for, Japan. -

EVERETT STAR LINE

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

FIRST CLASS PASSENGER ACCOMMODATION M.S. "NORDSTJERNAN"

In Port Sailing May 16

M.S. "THAI"

Loading May 19 Sailing May 20

loading

for Singapore, Bombay. Karachi & Persian Gulf Ports.

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

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

OFFICES AT

TOKYO-YOKOHAMA-KOBE-OSAKA

SEOUL-PUSAN

BEND LINE

429

1x2

する

FAST SERVICE

TO UNITED KINGDOM AND CONTINENT

"BENLEDI”.

Loading At Buoy A-4 15th and 16th May

DIRECT TO SINGAPORE

THENCE

LIVERPOOL, DUBLIN AND HAMBURG.

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

York Building,

PRESS

THE CHINA MAIL, WEDNESDAY, MAY 14, 1952,

Quirino Gives POST-WAR BOOM IN TEXTILE INDUSTRY

Assurance

Manila, May. 19. President Elpidio Quirino last night assured' the na- tion that there would be no rice crisis, this year, ex- picnti- plaining that rico ful in Thailand and Burma aud can be puroliased by

private persons flirough

negotiations by the Philip- pine Legation in Bangkok or through National Alco and Corn Corporallon bid- ders.

A

The President made the statement when queried by newamen regarding a Coll- gress report that tho Philippines was facing rice crisis. He added that increased local rice produc- don would help solves the rice shortage, Pranice. Prease.

Meeting Of Empire Ministers

London, May 13.

Most Commonwealth Fin- ance Ministers or their re- presentatives will attend the annual meelings of the In- ternational Monetary Fund and the World Bank in Mexico City in September.

This will give them an separate opportunity

Lancashire's Dramatic Recovery

(By RONALD BOXALLI

London..

The resurgence of the Lancashire cotton industry after the war added a dramatic chapter to British Industrial history,

Within five years of the and of hostilities, it had not only recovered from the-effects of wartime "concentration" and re-established itself as one of the country's biggest export industries. It had also provided the basis of a new prosperity for well over 300,000 workers,”

The war had left the industry in a severely weakened state. More than one-third of its mills had been closed down as part of a scheme of concentration to increase the efficiency of the industry under wartime conditions,

These mills had to be opened and brought back into production as quickly as pos- sible. And that could be done only by a rapid expansion of the industry's labour force,

The first faak confronting the. Industry's leaders, there fore, was to attract men and 'women to the mills in

Sual- clent numbers to enable tain to take advantage of pre- vailing market conditions. For the world nearly six years had been deprived of adequate texullo supplies,

and valuable opportunities awaited the

first nation to meet this pent-up demand.

Lancashire's But

pre-war of insecurity and poor history working conditions hung around its neck like a millstone. Al- Commonwealth--tiscussions-on--together. 170,000 workers had The Sterling Area's current protest the cotton-industry to join the armed forces or enter war factories,

tham and: many of were loath

Mose- to return, over, other Industries were also crying out for labour; many of them were able to offer higher pay and better working condi-

lems.

for

The Chancellor of " the Exchequer, Mr Richard Butler, is among those expected to attend. Stutor Commonwealth finance officials and economis experts tre likely to meet before the middle of the summer, but according to

a Treasury spokesman, no dat:s have yet been fixed.

They are due to have further talks on three main themes:

1. The current balance of pay- ments situation-and-the-general-

of the Sterling trading trends Arco;

2. The report of the Common- wealth Development Committee;

3. The report of the Common- wealth Committee on the ques- tion of Sterling convertib}lty.

These two reports were sub- mitted to the governments con- cerned after the meetings of the two committees in London, set up at the Commonwealth Finanze Minklers' Conference here in Januzay.

The development committee was presided over by Mr John Foster, Commonwealth Relations Under-Secretary, Arti the convertibility comanitico by Sir Arthur Salter, Minister for Economic Affairs.-Reuter.

The Rubber

Markets

London, May 13. Prices of rubber futures closed today as follows: Number 1 rubber, in pence

per lb.

June.....

28-2014 2324-26 2312-4 243-25

July/September October/December January/March (1033) 201-24

United Press.

*SINGAPORE MARKET

Singapore, May 13. Prices of rubber futures closed today as follows:

Britain's Textile

The third article, ing with the

effects clump and its Lancashire, appears in the "China Mail" tomorrow.

The average profits of 80 companies last year were over 235,500 compared with £26,- 300 for 73 companies in 1949, and only £8,857 for 90 com- panies in 1937, At the same TOSD

steadily year by year, und in everage dividends 1931 exceeded 21 per cent.

to

fact vital effect in

HONGKONG SHARE MARKET

12

A good deal of these pro- 打 however, were

ploughed back into the

Industry finance re-equipment and wel- Carg amenities. Capital re- (From Our Correspondent) which has had serves were built up--a

In another slow ression, busi- the present recession-end, by ness on the Stock Exchange this 7051.

had 00 companies

an morning totalled only $94,681.25. average credi balance of Noon quotations and the

£82,475, Mill owners wore not morning's transactions: repeating the mistakes of

the 1923 boom.

SHARES BUYERS SELLENS SALES This

however, BANKS prosperity, would not have been possible. that cotton goods were had it not been for the fact in n sellers market, and Lancashire, like other cotton Industries all over the world, was able to carn more from a reduced out- put compared with pre-war

years.

***

.. '740 700 20 A 750

4.05

ROYA

**TIJLUIWASI" *TJRAMPERY

"RUTA" "IJIWANGI"

"TEGELNERO"

"TJINODAS" "EASTWAY" WISHLUWAIT

May

June

"TABMAN" #TITIALENOKA" June

"T JUWANGI

"TJIPONDOK”

"TIPANAR"

"RUYS"

Page

Rocean Lines

SAILING'S VI TO

སྐུ་རྗས་

June 10

Jun 73 Jimo 10

June 25

July 2

Faly

Inty

July

July. 10

“TJIBÖDÄN”

July 25

July 27 AUR Z

Aug

{"TITTJALENGKA" Aug.

|"WILUWAN|".

“TƏPONDORS

TIKUWAF “TJIKANPEIL" #BARTWAKT **TJIWANUF

"TIWANGI

"TJHLUWAH" "TJIKAMPER". "RUTS".

“THWANOP

ART. 30

Ang. 23.

Sept. 2

ま

“Halpin, 6]LICE; SHOWER; Ramakring,

Butabala & Macassar Japan

Singapore,

Semarang,

Djakarta, Mirabala. A. Mačamar a Manila, Bingapore, Maurična,

S. Africa & 3. Ameşlen Djakarta, Tilrebon, Bomarang,

Murahala da Macaster Apsipore, 'Perang" Delawin Dell Blagapore, Djakarta, Вещатат.

Aurabila &'. Mustaine Singapore, Penang & Relawan Deli

Vingapore, Djakarta. Bemarang,

Surabala & Macasar Djakeria, Kiirebon,

Maniin,

BRIS,

Engapore, Penang a

Manila Singapore, Marijin

E. & 3. Africa

B. Africa, &. R. America

Singapore, Jakarta, KOMALINS,

durabila di Macassar

Djakarta,

Tjirebon, Semarang,

Burbala Mincassar

Satapare. Popane & melawan. Dell Bingapore, Jakarta, Nemarang,

Surabata DIACESIT

Djakarta, Trebes, Remaring,

Burabala a Atacamar Manila, Singapore, Mauritius,

B. Africa à 8. America

Singapore, Djakarta. demarang,

Butabila & Marascar

Jakarta, Tiirebon, Bamarang,

Butabala Macassar. Singapore,

jakarta. Artharams.

Sarabia & Morakiar

ARRIVALS

In Port

May 21

Japan

From

8. Africa Mauritius,

Singapore, & ́Manila"

May 20

N. America,

May 29

| "TASMAN"

MAY 31

MACHSIAT, Sarabia,

Semarang,

Djakarta & Singapore Penang. Belawan Deli & Singapore

Ceneral Agents,

HOLLAND EAST ASIA LINE

Aus

Уелс.

Hals

SAILING TO EUROPE'

**

K Bank "KoatTM"Astä" ... INSURANCES Union XD Underwriters IIX Fire DOCKS, ETC..

1205

WAAGTEKENEJ

June.

140

"BLITAR"

July

"ALMIERK”

"AMEND KERK"

140

SAILING FROM Europe

Hotterdam

Arrives Hongkong

K. Whir

N, Wharf

70 00. 100 73

6.45

“AAGTEKERK“

Safica

Apr.

Provident

Apr.

June

11.10 11.30

May

July

"ABENDÉKERK"

July

Aur.

*KIELDRECHT'

Aug.

Sept.

The effect of inflation on the Lancashire cotton industry's earnings from exports is shown In the following table:----

19,094,400

Wheelock... 40% 41% 30020ALMKERK“ LAND, HTC

HK Batet IK Land

hpi Iand 1.35 UTILITIES

kram.............. 16,70 Dear Ferry ..

C. Light (0)

43 3000 43

1+ 1,45

10 1000 15.00 100

X = 85-0.40-20956-0.25

... 5.23 635 ..... 20.TO Telephona 31.C 10

12,001,000 23,850,385 STORES, ETC.

Dairy 25,534,372

Watson 31,782,084

Industry

1037

Yarn

1b. 150,028,800

C. Light (N)

This is the second of a series of rix articles ou Britain's textile industry by Ronald Boxni

1045

16,102,500

2.915.850

1040

10,371,100

3,783,422

Xp Elzetrie

1847

20,666,500

6,787,214 INDUSTRIALS

2040

59,018,000

16,747,785

Rove

17%

•

deal- cotton

1940

1950

1051

oh

70,088,000 05,494,200

Cloth

104

21.BV

1

Crawford COTTONS

33.3316

Dwu

233 200

Linear yards

१ :

2,023,089,000

44,768,650

400,402,000

28,770,810

528,817,000

40,384,004

541,248,000

40,677,018

765,710,000

85,791,845

003,827,000

105,700,324

815000

100,204,504

958,649,000

132.101.722

tions to attract both, men and

women.

Lancashire mill owners realised that their only hope of building up an adequate labour force was to make the Indus- Recruit- try more attractive. ment and modernisation were reparable parts of the same post-war problem.

to

There is no need to describe: in detail all the steps which were taken to achieve these two aims. All that needs be said is that the industry today the equal, both in work- ing conditions and rates of pay, of any other in the coun- try.

MIRACULOUS CHANGE Profits have been poured back into the Industry on much larger scale than ever

and

£

It can be seen, therefore, that while exports of cotton increased in volume.

200 130

Foreign Exchanges

In NY

1840 (the Arst full year after the war) and 1940 by 329 Ir cent for yam and 70 per cont for piece-goods, their value in Canada cressed oven more strikingly England-oficial by 522 per cent and 100 per cent, respectively.

MARKED TREND

years as

Number 1 rubber, per Ib.

June

July

Number 2 rubber, June

0714-03 385- BG-80

before. New machinery has been installed in many mills,

methods working

have to

the been improved

COSO strain on workers and increase their productivity.

1hoaz

of

012-03

Number 3 rubber, June Number rubber, June Spot rubber, untinted! Blanket erope No. 1 paie crepe

10-00

07-40

1=10

103-100

-United Pres.

LONDON TIN MARKET

London, May 13. The tin market turned easier today on a turnover of 40 tons including 10 tons for cash. Prices closed at the end of the official morning session as follows-

Spot in. buyers ....... Spot tin, sellers

0021

943

Business done at Three-months tin, buyer Three-months tin, sellers 061*** Iusiness done at Settlement

3

000

002-06012 DGS -Unlled PreES.

Cotton Futures In New York

PETER MOK

Tel. 34165 & 88710,

PHOTOGRAPHS HIM YICK HONG

and

Copics of photographi takon by the South Ching Morning Post, South China Sunday Post-Herald, China Mail Staff Photo- graphors ch view: ia

DFO the Morning Post Building,

ORDERS BOOKED

MACAO

MANUFACTURERS'

Now York, May 13. Prices of cotton futures closeuTM today as follows:-

Spot

May July

REPRESENTATIVE,

October December

March

Agont for.

May

July

AUSTIN CARS

October

M.V. LEE HONG.

China Mail Distributor

13 RUA V.P. "ARGOB

A TEL 2009 sch Cables: Peter Macap

·Aganoles Įnujted

2063 nominat 30,17

3071-37.36

36,17-30.10 31,05 nominal

35,61 nominal-

23.09

34.33

33.04

-United Press.

Silver Rocovers

London, May 13,

Prices of silver bullion rosa

a farthing todaý zo 70 pence for both spot end forward.

M

In New York today, the price of silver declined ono cent là ́86 centa per Ano cutev,-United Fress.

The transtornation industry from the days

the when it hud-and deserved ropu- tation for being one of the worst employers of labour in the country has been short of miraculous.

Cotton operatives now work

Live-day

earning

date

th

week.

based system

24

on an

little

по

of ex- volume Lancashire

years.

ta

14

New York, May 13.

unofficial

an 30-day futures

Australia

10-day futures

New Zealand South Africa

Norway

Spain

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA VÍA

SAN FRANCISCO, LOS ANGELES AND PANAMA, NEXT SAILINGS

MS. "LEXA MAERSK”

M.S. "LAURA MAERSK”

M.S.

"LEISE MAERSK”

US$1.01!!

2801

2.53 bid/

M.S.

"LEISE MAERSK”

10 asked

M.S.

2.801

2.79-13/10

2.24

130

010816

-1405

4.20

20.38 0016

.0023-0/16

.03125

2.31

0633

10500

4023

1185

0040

2250

2003

FAR EAST

2108

4039

3015

360 yen to US$1 United Press.

Exchange Rates

This upward trend of cotton Belgium prices became even more mark- Denmark ed during the following two france

West Germany as a result of the "panic Holland. buying" that took pinco after Italy the outbreak of war in Korea. Thus Thus, while yarn exports in Portugal 1951 were about 20 per cent sweden lower than in 1940, the value of Switzerland

MIDDLE EAST reduced shipments in cerased by no Joia than 35 per Ept cent. Similarly, although

Iran <x-

Trog ports of cotton plece-goods in Turkey 1951 were five

per cent smaller LATIN AMERICA

earnings Brazil in volume than in 1940,

Argentina from this

sottrce increased by

_ | Bolivia 25 per cent over the two years. Chile

This rise in the price of cotton Colombia goods has more then offset❘ Cuba

**** Mexico the fall in the Their weekly ports from

up-to-

airns Peru...

Uruguay In 1939, Venezuela of plece work, pre-war compare favourably with those piece-goods

average monthly

exports

of were 110 million India In almost any other industry;

Pakialan square yards-more than In one largo weaving mill

at Hongkong any time aineo the war and Indonesia visited, the workers (un-

were til the present recession neces-

these Singapore average earnings from sitated

exports were 22,665,000. But Japan short-time worldng)

during the first months of earning between £8 and £9 a

1951 exporta of****

piece-goods week. And this was by

averaged only 74 million means exceptional for the type

square yards, although month- of work being done.

Women cotton operatives noly earnings had increased

over £11 million. longer go to the mills In clogs The Industry, therefore, ower united exchange

iness was done in the local They show!.

market - this smartly-dressed today as their ta post-war prosperity, not to

morning at the fullowing rules: an increase in production, but

U.S. dollar (her $19 sisters in elly offices. Thoy en-

Storing note, iper £1) of the to

to an inflationary, rise in the jay all the amenities

Indonesia gulders (per 100) of its most modern factory. In many price

products, But Glam tas iner 100) mills there are canteens where holds obvious dangers. Had the

based prosperity

Bingapore (Bumiis) on inflation Fic plastres (per 100) served at cost- 110205 ATC

women post-war nurseries whero,

stocking-up process price; nurse

course. their taken its natural operatives Young

children to be looked industry might have expected after by trained nurses; first- to face a gradual decline. In

rooms where they can occk demand some

time before the end of 1050. It was, in fact, the advice. of qualified medical

in staffs, and evon,

do so, but some beginning to

natural course where

of events was cases, laid-out gardens

Interrupted by the war in alt and enjoy their lunch-hour without leaving the Kerca. mills. And, in addition to all this, workers in the cotton in- awarded dustry were recently two weeks holiday with pay every year

But if the workers, beneßted. from the

the post-war boom in industry, mill cotton

prospered no Company profits last your wore the highest on record. And this was in spite of a six to eight-fold rise in the price of raw, voiton. compared with 1937, and an all-round increase In other production costs,

aud

meals

Bl

the owners

con

are

cave

BECK

the

the

Consumers All over the

6.533

35.78

May 18 June. June 17

2

in Port

June 7

ARRIVALS FROM U.S.A.

"GRETE MAERSK”

M.S. "OLGA MAERSK”

June 17

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building.

Tel: Nas, 88066-9.

PATTISON ORIENT LINE

LIMITED

S.S. “LAURE PATTISON”

Due From:

Japan

In Port.

12-14 Queen's Road, Central

Sails For: DIRECT Pusan & Kobo May 17th.

CHINESE AGENTS:

Tol. 26846,

OVERSEA CHINESE STEAMSHIP CO., LTD, 18, Bonham Strand, West, Tels. 26127, 31118 & 81119.

Pacific Far East Live, Inc.

DELECT

Fast Rogular Trans-Pacific Service

DAN FRANCISCO, LOS ANGELES

OVERLAND NEW YORK-CHICAGO-DETROIT-TORONTO KONTREAL AND ALL AMERICAN & CANADIAN. UITIES

Quámu, Marinis Islands, Micronesian Islands Regular Service alrect or with transhipment

world began to buy again--but this time not to meet thele Im- mediate requirements good deal of the collon goods sold during this period went into

Veme! private stockpilem HAWAII DRAU" drying-up of world demand of

which followed at the end

last year, toolc the Industry "WILLIAM LUCKENBACHO completely by surprise. The re

dult was that the level of pro, "wILLIAM LUCKENRAÇIP duction could not be adjusted. quickly enough to prevent": 4. serious piling up of stocks.

(To Be Confined)

**From

Maýlai

| San Francisco

Singapore

Arrives

Balls

·Juna! 2:6 Ma •#June 170k fan Francisco & Los Angeles

devias Japan?/^2)

·Junk “8”

a···.

Penang & Part

| Juno: 21. June 2

Ran Franelsen & Los Angeles

via Japan *

For

* Kwettenham

For full particulars call United States Lines Co., General Aganta, Queen's Buliding, Tel: 28106.