1952-06-05 — Page 9

MESSAGERIES

M

“BIR HARENI“ ..........

"LA MARSEILLAISE" "MEKONⱭ"

MARITIMES

Arriving" "Leaving

THE CHINA MAIL, THURSDAY, JUNE 5, 1952.

U.S. BUSINESS OUTLOOK MNo Business Recession In Sight In 1952

Outward Per

Japan

asphe & Yophama

June 22 June 20 Janr 30 July 1 July 10 July 10

sayalas

*

+"LAKE MICHIGAN" ...June +"MONKAY"

B

*"LA MARSEILLAISE” „July †"UM HAKBI**

Jting E June 30

11 July 11 July 17 July 15 - Zuly 20 .Aug. * AUR. JI

+"MEKONG"

For Passenger and Freight.

Homeward For

H. Africa & Europe N. Afiles Europe Marsellice via Salpon N. Atrica & Eunze N. Africa & Eptopé

t freight for Saigon, Alexandria, Tunis, Genoa, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterranean porta via Marseilles,

Madagascar by transhipment In Saigon or Djibouti.

Subject To Change Without Nylice,

CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong Queen's Building (gr. floor)

EVERETT

Tel. 26661 (3 lines).

LINES

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

"REBEVERETT”

Arrives June 6 from Manila. Sails

June 7 for Singapore, Penang, Calcutta. Rangoon &

"LENEVERETT"

Arrives June 20 from Singapore. Bails June 21 for Japan.

EVERETT STAR LINE

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

FIRST CLASS PASSENGER ACCOMMODATION

M.S. "STAR BETELGEUSE”

Loading June 24

Colombo,

Sailing June 25 for Singapore, Madras, Bombay, Karachi, Basrah & Bahroin.

EVERETT STEAMSHIP-CORPORATION S/A ---

Queen's Building, Telephone 31206, Chinese Department: Telephone 28293.

Scientists

Help In Oil Drilling

London.

Twenty-one years ago, some 50 eminent geologists banded together to form a small though elite association, known as the Society of Economic Geophysicists.

Their purpose was to encourage interchange of information concerning development of techniques used in the scientifle search for oil.

VAST SAVING

Today, that small society-now, successes to failure increased to called the Society of Exploration one out of every five. Geophyslelst has nearly 3,000 members of 50 different countries and it is concerned not only with

Yet the cost of obtaining the geological and geophysical

necessary geological and problems of all production but geophysical dain accounts, on an with similar problems affecting average, for only 10 per cent of civil engineering, mining and the total cost of all exploration, other large-scale projects.

so that the saving in time and by Tonay Achloved by these two The contribution made theso twin sciences in furthering sciences vastly exceeds their cost. Industrial development

The improvement in geophysl- enormous and so is the amount | cal,techniques during the past 21 of money being spent by various years has been amazing. For enterprises, especially the oil in instance, an operation that once dustry, in making the maximum took two full days in the field, ure of theho aids,

plus several months additional

exuct

is

many res have been complled,

Russia Hasn't

Much To Offer West

Bombay, June 4. Although the Russians are, anxious to trade with the Word, the leader of the Indian delegation to the Morcow economio con- terphon does pol think they have many moods to

The lealer. Ar Lachand IHx174, a prominent Indian bucluesman, wan Bombay Bddressing the Rotary Club Froduc Ron

Larger Production Likely For At Least Two

Years

Washington. ⠀ra

There will be no trade recession in the United States this year. To make any forecast for more than that period is obviously risky, but omit- ting all the ifs and buts one can be reasonably certain that American production and employment in 1953 and 1954 will be larger than it has been in the past two years.

This prospect leaves plenty of room for temporary setbacks. Pros- perity will remove its blessings from some industries, and some areas, to bestow them upon others.

S

of

Tory MP

Difficult adjustments lip ahead, as the breathless expansion of productive capacity which has been going on for several years gives way to'a quieter pace. Fr Russia. had up. be cald,

But for the next two or three have been bullt, and in spite of but she was not in a pori--

yes the world can lay aside restrictions is expected that. Von to cupply Roosa to Western counties because

its fear on hope of an a million euros will again be

which might completed this year, American Blump commitments in of her

The

phyelent volume Earfern Europe,

dlsrupt the social fabric of the

American industrial production non-Communist, world. bellof in the coming of the it was In the Avo yeATE 1930- the 50. cutside

and the

af production slump is held

"durable" manufactures alone country.

The followers of Saint Marx. le pearly three times sa large,

pessimists When Ankerican tho pledge explialirm will porish from in- discuss whether there will be a ternal contradictinas; the pro-trade recession they mean ul- testant faith of Western Europe most invariably a drap from THE EMPIRE AND ball at the idea that proud 220 per cent to something like

200 por good living on the American 'senle can go on without divino production.

retribution.

It is strange how deeply the more than twice as large as Has Plan

1. M. Nesterov, Pre- fident af tho Busslan Chamber of Commerce, he Bafil. WHE hopeful that Ruriia's foreign trade could reachi 40,000 million

(about £3,571 million) provided other countles pa-operated. --- Heuter,

roubles

Land Reform Essential In S. América

Rio de Janeiro, June 4. Land reform in Latin America la main key to better living for the entire population, according to a report of the International Labour Office.

The report is being studied by American

Biates Members cf the International Labour Or- ganisation.

It paints cut that between do and 70 per cent of the total population of Latin America 13 engaged by agriculture,

cling

to

that

Perhaps the thunderclap will como, but at present there are few eigns of it.

SALES NISING

cent of the

pre-war

And you have to be a pess- mist to expect that sort of drop within the next twelve months. SOURCES OF WEAKNESS It is against this background of strength that the weaknesses have to be judged,

+

For Trade

WEST EUROPE

Strasbourg. Preferential treatment for West European countries in Commonwealth markels was urged by Mr Robert Booth- by, Conservative M.P. for

Mr Bootirby wis speaking to

15 deltgalis frem

European nations at the Council of Europe

Walking about the streets of American eltics, reading the urgent advertisements of "ales

in the first place, the Ameri-Aberdeen East. or Estening to some business

Fhow can people have yet to men, one can, casily averrate the

can balance a high has thut they setback Ire trade which

but stable level of activity as taken place in the last tow

well as they have balanced pa months.

Much dependsAssembly in Strasbourg. Prices are being "slashed" expanding one.

na the next President and Ad-

Sald Mr Boothby:

"If the though often meraly from the

United States were prepared to which traders were never able stabilising devices are now bullt Fourth Point, to emailfy their high offical maximum prices ministration.

11 is true that

most of the implement Prezident Truman's to charge. Shortages are a past Armly into the structure, and tariff polley, to increase the memory,

assots of the After the Korean cutbreak that even Me Taft would find convertible

European Payments Union, and there was a wild orgy of honrat diicult to keep aloof if the

number of unemployed rose to bank an international monetary ing to which manufacturers.

fund with some of its gold burled responded by increasing output, inuch above three milians. Whi When people found that there was no war and no shortage they naturally settled down to live off their stocks, and trade doclined.

Since March retall sales have rising again and the volume is now greater than it

By

North been comparison, in America, about 20 per cent of the population is engaged in ogiculiure,

was two years ago,

Sales of "durable"

consumer goods are, of course, held down by the aftermath of last year's scramble to buy, but the fall in

The ILO Director-General is a prere- says land reform quisite of any improvement In the social and economic et sales has not been much greater Lions of the population in than the cut in output enforced general and of the rural popula by defence demands. tion to particular

Latin

GOOD EXAMPLE America.

are a fond example. Al Fare "For unless the utmoded ane time in 1050 putput reached rural cronomic Institution | a rate of well ovoy seven million which constitute the sub cars a yew. Now it is down to structure of the socio_caillee little more than four millions a are eliminated, social conditions year, are bound to remain at a low

the

repart

in

Jevel,

Two other important changes Latin American farm the system are necessary for better living, the report added.

"First is the provision of a minimum capital to the farmer, anetheteaching him now

2nd

of farming. The first

bo could

done

through credit institutions and the second through extension, Lervices

The present situation sattests that

Detion acyentiment there fields has been extremely limited."

Capetown Wants A Big Loan

Capetown. The City Treasurer of Cape town, Mr Rex Walker, has left South Africa

search of

in

But if the next ehtiin the vaults of Fort Knox,

went all out to cut and to abolish controls, includ

the economy ing credit

way. is a dry A more likely threat lg up of the building coulpment boom. Most of the

tooling and construction The present defence programme is nearing

mish side trois r

am

for

solutions of Tho economi

free problems confronting the world might be reached. But they are not proptred do do this.

industrial, Privato There

and

"They are the dominant world cecnomis: power. They do not want and will not take capital or manufactured goods from abroad. is only one outlet for musi longe an Europe, We

trument of economic policy and extend the standing tracing Erea by means of secondary preferences between Western Europe, the Commonwealth and the dependent terrierics Over- *draftle "This will involve modifications of tho most faveured nation claust," he said.

голя.

on plant hop grown equipment enormously from year to year,

Blackening is duc. and some

NEADING END The private McGraw-H}} plans sug- Jurvey of bustriess gesta a drop of 10 per cent in capital outlay next year, Gov- ernment economists think the drop may only be 6 por cent..

These figures allow for much

BAYING DOLLARS Rearmament crders do not large movements in differens.

Competitive import restrictioan allow the makers to produce sectors. The steelworks expan much more than the present slow, for example, is nearing by European countries can only rate and the normal replace-

the end.

The textile industry 28gravate the problem, he said. ment demand for the next few cannot go on building and Strategisel planning of industrial years reckoned to be about

equipping mills at the pace of production of Europe was going

to favo hard dollára. four and a half million cars u the last few years.

in order to prevent But the capital needs. of threat. competition

Wansport, the Britain and Germany of the kind of American industry is the public utilitics,

oli and chemical Industries

vies which ruined the basle industrian mechanisation of textile output hercover, commercial building will be necessary for aeth Britan

should

expand, of both countries in the '30's, it has been going on at a tremen-

has been held back and may and Germany to concentrate by dous pace for several years. Production

years take up some of the industrial agreement on the type of p10- was running

dustion for which they are best alack, Some public construction

Private sulted has

postponed, been

strong. "The Schuman plan is housing demand remains

on As the Just shortages ... nee. | plaential foundation for this overcome and civilan Industries racionalisation and believe," ive all the raw materials sald Mr Beathby, that Britain they want, reperija in

year.

The cnly really weak section

tex:le trade, Expansion and

an abnormal post-war demand. and when it had caught up the demand dropped off to a more normal rate.

Americans are saving now-- for no caher discoverable reason than that they had lived above

continue 10

their incomes while they rebuilt ment demand tellus participrte in it.

11

cut-

between

"Germany should concentrate An clement of stability is the their houses and restocked their

on exports of cupltal goods to defence

Programme. Although socigled households, and are now

Congressmen are trying to re- building their savings.

Western Europes territories of "A European Investment bank A num of closed textile duce the rate of defence spend-

and Bomu cuts are almost *bould to

im- established miller

will

buting not reopen,

etriain to be imposed, the mast mediately," he added. people who are observing the

probable result will be that the irado closely judge that the tex-

On the question of the finan tile setback has almost worked present rate of nearly $60,000 clul stability of Europe, Mr Itzelf out and

millions уса a turn for tho

(including Boothby said: "The European better will come before the foreign old) will rise by the Payments Union is

is no more than middle of 1953 to only 55,000 # olcpring

system and the or 00,000 millions instoud of mechanism of the Sterling Area nearly 70,000 millions, as it is mero

mero of the nature of would do under the unrevised banking system. They both programme,

Buffer at present from similar

Inck Ecfrets. Both

adequate rezervta, and the banker for the Sterling Arca is barely solvenį.“

autumn.

ing

GUNB AND BUTTER

It is hard to realise oven w

nov

many

Japanese Silk For Britain

ROYAL INTEROCEAN LINES

TASMANI

"TIBODAR"

*TEISINYANG"

HRUVAY

"TJILUWAIT"

“EZÚČAMPRIH SHARTWAY" „"TJIWANUF

June

BATTINO B

June 12. Juna714

Jun 17

Ringapore. Aranriltus 8. Africa N. America Djakarta, Tjirebon, Hemarang,

Burabala & NEKOASURY Mane, Klugapore. 8. 2... Atries Blogapore, Jakarta,

Hurahaja & Magasine Bingapore, Verang & Belawan `Bali „Hingavoro, Penang ℗ Bielawan Dell BIDERPOTD Djakaria, Hematangs

Diskurts, Titrebon, SOMATARS,

surabile Stackisar

·Burabata DEACHAIRS

Japan

Starita, Singapore, Penang

H. Africa

stágapore, klámriting,

A. "Afcles & R. America

hjakarta,

Burahsia 4 Mapassat

Tizebab,

Нератали

Remarang,

Singapore. Penang. & Beltran Dell

"KASTWAY" TASMAN" →TJIWANGI"

duna 30

"TIONBOR"

July

*TSITJALENGKA"

July

***JIPANAS"

July

July

July 10

Bingapore.

July 23

Djakarta,

Buralala & Ancasse

July 21 AUE. #

Singapore,

"TJITJALENGKA❤D AVE. ́Ð

"TIMODAS“

→TJILUFANI"

SILDIII.

Aug. 12

Djakarta.

ARK, 14

Bingapore,

TASMAN' #EINWANDE

“TIPONDOK” *DOISSEVAIN" "THLUWAR"

4. # Bopt. 2

Soyt. ,་

Bept,

Sept. 10

*TARMAN"

TEGELBENG” *TILUWAB"

"EASTWAY" *TJANAB"

jak

Hurabila a atacanday

Singapore,

Semarang.

Aftariilus,

8. Aftier & 6. America

Tilrebon, Bemaring,

Kuratala & Machetar

Djakarta,

Burabila & Msafasiar

Semarang,

Bingapore, Penang & Hylawan Deli Mingapore,

Kajakarta,

Somarang.

Surabala Ntacaviar Djakarta, Tjirebon, Semarang,

Horabala & Álacaiskr Mapa Bingapore. Manritlus, 8,

Aftika & A. America Alagapore, DJakarta, Semarang,

aurebula & Macamar

ARRIVALS

Fort

4 June June 18

June 20

JUMB

10

From

Penang, Helawan Dell & Singapore, Japan

Surabala, BemarADE, Djakarta & Singapore

113mpani

19. Africa, Mauritius & Hingapore

General Agents.

LLAND

SAILING TO EUROPE

"AAGTEKERK" "BLITAN" "ALMKENK"

"AUENDSKERIC"

BAILING FROM BUROPE

"DLITAN" "AGMKERK"

WARENDERENK". *KIELDRECHT" "AAGTEKERX"

EAST ASIA LINE

June

July

Aug.

Sept.

Sails

Arrives

Rotterdam

Hongkong

Balled Apr.

20

In

Port

Kay

28

July

July

Aug.

ABE.

Sept.

Oct.

Пере

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS,

M.S. "LAURA MAERSK” MS. "LDISE MAERSK" "M.S.""""GRETE-MAERSK”

ARRIVALS FROM U.S.A.

"OLGA MAERSK" M.8. "JEPPESEN MAERSK’

M.S.

M.S.

June June 17 -July-2

6

June 161

June 29

July 17,

For Freight and Further Particulars please apply to:-

HULDA MAERSK"

AGENTS:

JEBSEN

Pedder Building..

PENINSULAR

SEPARABIT

CO.

Tel: Nos, 30066-9.

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. “CORFU”

SAILS:

NOTICE TO PASSENGERS

£200 needs a £3,000,000 how great the expansion of p:o- loan for capital development, duction and spending has been and was hoped to raise this

BRITAIN AFFECTED Defence expenditure, includ- South Africa. But when in

foreign all, han en since GUM

But there are clearly the frut £1,000,000 loan closed mid-1050 by more than $30,000 uncertainties ahead. recently

it was under-cubscribed, millons a year and is now One which affect the British Because of South Africa's caring $50,000 millions a year.

problem directly is the future censiitulionat crisis, The London The datire supply

of prices. is considered out of tho market

prezented by tire additional

American retall prices are been question for Mr Walker's £2, money has

provided

under pressure, and competition for the consumer's dollar has 000,000. And the United States by an expansion of industripl decu not favour overseas munl-output,

grown ferce. That makes ex- Apart from temporary short-

poris or manufactures to the Joan.

there Me Walker is going to ages and inconveniences

London, June 3. Switzerland to try to raise the has been no restraint on civl- United States more dificult

Even with the added complica-.

Importtien inta Great Britain they have actual- the money..

supplies

tion of the new tariff threat. Americans are

of a limited quantity of certain Gher municipalilos and ly increased.

Equally important the varieties of allkcloth from. Government organisations are having guns as well as butter.

weakness of.

material Japan will be autherised from business

now until September 30, the BAGGAGE: very interested in Mr Walker's Consumption is up, baso

mirsion D n pointer to the capitat qullay is up. All that prices, particularly those com-

Board of Trade announces, reduced ing from the sterling area. been mildly success or otherwise which at has

So long as pelers look like

Import licences will be figued. temps to salse loans for South

residential houting, commer failing or remaining low Amaron the understanding that t Africa would. meel.

building, and some public can industry is likely to reduce lehet 60 per cent of the cloth by clay capital livestment.

forward buying and draw down value will be 1-oxported after That is the meature of the colossal growth of American locker and raw material stocks

are still so large that this pro-processing-France-Prease, production. The reality can be

could

For instance, in 1051, the off delay until the field Andings industry alone invested no less could be checked and a result than the equivalent of

Anally announced at a 000,000 in world-wide geophysl laboratory, un now be carried cal exploration and, although no out on the spot in precisely two

minutes! millions

this astonishing were Apart from spent in other mineral gain in time, the result is also 100 times more accurate than Tow

facts

reveal the value that given by the original of the

assistanco rendered by

by method. It is easy to understand geologists and geophysicists to why the president of one modern enterprise.

more

Coration wor

Taking the oil company declared: "Scien!

biggest

the

oil Industry as an example, ex- and technology are the ploratory drilling in the U.S.A., forces for progress in the all in during the past five years, bas dustry today? And science is my other guidanco prayed successful. How-undertakings bosides

nd industry. We owe ever, when both geological and

an, ever Heophysical guidance WAN growing debt to the men who are utilised,

the proportion of making such progress possible,

every 30 drilled without sclentifle | development. of the - "oll":

FARM EXPORTS FROM U.S.

seen

ܐ.

for another twelve all over the country in months. go

new factories and installations montaa of vast dimensions and eften striking beauty...

TWICE AS LARGE

Here lies the main Ureat of Taipei Fiscal Year nother year of doline shortage.

Wo know now that's slacken.

FRIDAY the 6th June at 12.00 Noon. for the UNITED KINGDOM | vin Straits, Colombo, Bombay, Aden and Port Sald.

"ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at No. 2 GATE, CANTON ROAD ENTRANCE BY MOON on THURSDAY the 6th June, 1962. -

·SPECIAL NOTE: With the exception of hand packages carried by passengers themselves, ALLI BAGGAGE"-must pass through the Wharf Cola Godown for loading on Talpal, June 3.

board by ship's alings only... Ing of burchbaca which makes A proposal In, before the Na-

Cabinet 10 EMBARKATION: Will take place on FRIDAY, the 6th hardly a ripple on the surfson of fianaist, Chinese

can cause | begin free : China's / fluent syner Ameleon... affairs

June, 1952, botweon" 9.30 da, and havoc in the flow of world July 1 Instead of January 1. Srage. And that kind of slacken t The change would make the

11.00am Since the war more than five ing is not impossible, this year, fiscal year here tally with

new dwelling-houses-Manchester Guardian," America's Associated Press. million

Washington, June 4. United States form exports last year were valued at 4,037

It is alco evident from the million dollars, according to the

Internaţional Federation of rapid spread of dormitory sub Agricultural Producers. D urband residential garden The figure breaks the post cille's pil round the Industrial war record set in 1947, but is centres. slightly under the record of 4,000 million dollars act in 1919,