1952-05-16 — Page 9

MESSAGERIES M

"DIR HAKEIM"

+"NEAUVAIS"

THE CHINA MAIL, FRIDAY, MAY 16, 1952.

MARITIMES Heated Controversy Over The

Artving Leaving

14 June 22,

.htay 10 May 20 **FFLIX ROUSBEL"

21 .MAY

MAY 23 "LAKE MICHIGAN" ...June 3 June 7

M

Outward Ver

Jaşınta

Homeward For

N. Africa & Europe Marcilios vis Manila N. Altjes & Kurepe

7. freight for Saigon, Alexandria, Tunls, Genoa, Marseiles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterrancar porta vià Marseilles.

2

Madagascar by transhipment in Saigon or Djibouti, For Passenger & Freight,

Bubject To Change Without Nolico.

CIE DES MESSAGERIES MARITIMES

P.O. Box 53, Hongkong

Queen's Building (gr. floor)

EVERETT

Tel. 26651 (3 lines).

LINES

EVERETT ORIENT LINE

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

"NOREVERETT"

Arrives May 20

from Singapore.

Sails May 80 for Japan.

"REBEVERETT"

Arrives June 6 from Manila.

Sails June 7 for Singapore, Penang..

Rangoon

&

Calcutta.

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. "THAI”

Loading May 20

Sailing May 21

Thai Request To Japan

Bangkok, May 15,

The Thai Minister for Economic Affairs yesterday Javiled Japan to send a trade delegation to Bang. kok to negotiate a rinewal of the Japan Thab. barier trade agreement due to ex- pire at the end of June.

Thailand is con- sidering the advisability of continuing barter trade or having Tree trade with Japan-France-Presse.

HONGKONG

SHARE MARKET

(From Our Correspondent)

Business

the Stock Ex- 011

Complicated System Of Purchase Tax

Arguments In Lancashire

(By RONALD BOXALL)

London,

Lancashire's present troubles are, to some extent, a result of its own short-sightedness, Like the boy in Aesop's fable, it made the mis- take of crying "Wolf!" once too often.

There are many people in the cotton industry who, even now, are inclined to lay the blame for the present recession at the door of Dr Dal- ton, who advised consumers at the end of 1950 to stop buying textiles until prices came down,

No doubt this had its effect on sales. How ever, the buyers' strike which brought about the present trade recession did not develop into a really serious situation until several months later. Lancashire's first reaction to uncertainty as to the future trend change this morning amounted the falling off in sales was to of prices, they say, mass meetings

from to $180,910.40.

the are ant to be used to put nerops protection Noon quotations seck

Government. and the morning's transactions:---

At first, it spoke sectional

They drive SHARES BUYERS SELLERS SALES with many voldes, but recently its home this point by pointing to co the number of Socialist M.P.s campaign has been more ordinated. Its clarion call now who are appearing on these is: "Abolish the purchase tax on platforms. cutton goods.

is

BANKS

TIK Dak

East Astu... INATYRANCES

talat、... Tindarwriters

BILPPING

Provider

Wheelock

LAND, BIC

|

de

views.

whichever method this significant, however, that chosen to influence Government one rarely hears the word polley on purchase tax, the ease "slump" mentioned in 'Lancashire | for relief is a strong one. The today, One prominent member industry points out that three- of the

Colton

told me, quarters of all its output is sold suite emphatically, "This is not on the home market. Now that “a siwifi). It is a very serious sales have fallen practically le

trade recession." To the man- in-the-street this

laken to give consumers the necessary inducement to buy. The removal Tho

of purchase tax,

5.00

Ama Nav.

115

DOCKS, ETC.

Whare

RA

N. PL What?

41

290 @ 41

7.00

175 42 430 és 15

1.35

Star Ferry A. C. Light (0) 1

101010 1303 $ 14.

300 10,10 114 833 640 8.25) M

DRG Q

$210 Hofet HK Land

HK Land (13)

37K Land (Ð

·R'hel Lond UTILITIES

Train......

may seem to be every possible means should

be a case of hair-splitting, but to members of the cotton industry! the distinction in one of great importance

The word "slug" was applied, to the situation

they argue, would do this by causing an automatic reduction

in the price of better-quality

in the cotton in- textile goods of the sort which

Royal InterOCEAN

"TIILUWAU

#TJIKAMPEK"

"BUY"

SJWANGU. *TEGELBENA"

June

25