MESSAGERIES
M
"EIR HAKETAX”
**LA, MARSEILLAISE"
"MEKONG"
MONKAY"
LA MARSEILLAISE”
"DIR HAKEIM"
.4"MEKONG"
•
Arriving
June 24
MARITIMES
LAVIUR
July
1
• Pairing 20 ...July 10 July 16
June 30
July
July
July
11 July
얼마
1
12
July 22
ig. 3
Aug. 31
For Passenger and Freight.
M
Oniward For
Japan
hobo & Yokokama дарал
Howard For
, Afrira & Europe Marseilles Via Saigon
́N. Africa & Europe
N. Africa & Europs
Genoa, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & ali Mediterranean ports via. Marseilles.
freight for Salgon, Alexandria, Tunis,
Madagascar by transhipment in Saigon or Djibouti.
subject To Change Without Notice.
CIE DES MESSAGERIES MARITIMES
P.O. Box 53, Hongkong Queen's Building (gr. floor)
EVERETT
Tel. 20851 (8 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.
"LENEVERETT”
Arrives June 23 from Singapore. Sails
June 24 for Japan.
"NOREVERETT"
Arrives June 30 from Manila, Sails
1
July 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. "STAR BETELGEUSE"
Loading June 24
Sailing June 26 for Singapore, Madras,
Colombo, Bombay,
Basrah
Karachi, Bahrein.
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Tolophone 31206. Chinese Department: Telephone 28293,
Prosperity Of SE Asia Depends On Rubber Price
London, June 9.
Heavy falls in the price of natural rubber will produce conditions severely affecting the pros- perity of South-East Asian countries.
This view is expressed in the latest issue of the Chatham House Review, published monthly by the Royal Institute of International Affairs.
by the Blaming the
of been primarily, caused vagaries America's purchasing policy for U.S. purchasing policy. While the price tumbles, the review consumption in the rest of the aszerts that resultant conditions can only be of advantage to the world rose fairly steadily from Communist
effort in Indonesia 547.300 long tons
In 1947 to and Malaya and will, in audition, 1,039,000 in 1991, the comparable make the ban on exports of U.S. Agures were 502,700 in 1947
to China increasingly and 455,400 in 1951.
rubber unpopular.
"The variations in U.S. It adds: "These
are all ends consumption were made possible which the American Govern- by variations in the amount mont's polley, through Point stockpiled and in the amount of Four, Mutual Security Ald, and synthetic rubber produced. The in other ways, is striving to U.S. production of synthetic prevent but which its rubber rubber was 630,700 long tons in policy seems likely to promote." 1947 and 758,000 tons in 1951."
THE CHINA MAIL, TUESDAY, JUNE 10, 1952.
Greece Seeking India Considers
A Loan
Athens, June 0. Greeep is to seck a long- term International Тоди. Possibly will American guarantee, to complete her rehabilitation after the end of the European Recovery Programme.
the
Antiounelag this, Deputy l'eme Minister said an approach to the World
been Bank had made.
Ho added that Greece was table to present the solvency required for such A loan, and would probably have
to ask the United States for guarantee.--- Router.
Germany Capturing Trade
ORDERS BOOKED IN CANADA
Toronto, June 9. Exit Britons. Enter. Ger- mans. While British firms have reduced their showing at the Canadian Interna- tional Trade Fair being held in Toronto, the Ger- mans have increased theirs 25 times in space with 127 exhibitors, compared
five last year.
with
ok
23, with its rows Aisle
Jewer German stands and no than three information booths, den has been dubbed "Unter Linden."
10
trade Germany is capturing
British rivals there, mainly, say, because they have no de fence programme
hamper their industrial output and can give firmer delivery dates than anyone else.
itc
Dr Herbert Graf, director of Dollar German-Canadian Offee, does not hide his solis- Germany faction at the trade
in heavy
is doing, especially machinery.
"Behind piles of expensive brochures, pamphlets and modele unequalled in the Fair, he said: "We are enchanted by
Our prices our success. competitive and every exhibitor is pledged to give delivery."
BREAD FIRST
orc
Plan
For Big Reduction In
Imports From Britain
HUGE TRADE DEFICIT
(FROM RUSSELL SPURR)
Calcutta, June 9.
India will be the next Commonwealth country to slash her imports from Britain.
A committee of top officials which met in Calcutta under the chair. manship of the Commerce Minister, is considering a plan for sharply reducing purchases of British vehicles, machinery and chemicals.
India will from now on concentrate on exports -with every effort made to shore up her sagging jute, tea and textile trades.
Her trade has been running at a steady losa for the past six years, except for the 1050-Gi anancial year, when the Korean erists boosted the prices of her products. And, even then, she only broke even.
The current year's trade deficit is believed to be about £177,000,- 000-the worst on record. Much of this loss is with the dollar aren for food and petroleum pur- chases.
But India is now beginning to owe money to the rest of the the Commonwealth especially to Britain. Sterling balances in London the vast Burns still owing for British military ex- penditure In India In World War Two are running down at an alarming rate.
New Bond Issue A Failure
New York, June 9. The U.S. Treasury De partment admitted that less than $500,000,000 of "new" money was raised with its non-marketable 24 per cent bond last week and several Wall Streeters could be heard saying "I told you
80.
•
Traders who onze hoped the Government would issue a new three per cent long-term bond, now think the Treasury may be forced into the move.
The trouble is that India is already running on a shoe-string trade budget, and not much can be cut. Food imports last year will 2135,000,000; they cost almost certainly be more in 1052, with famine looming in Mudros and West Bengal,
CUT TO BONE The petroleum bill was around £52,600,000, and although petrol rationing has been considered, it a thought unlikely to effect real economics.
:
HONGKONG SHARE MARKET
(From Our Correspondent)'
There was slightly more acll- vity on the Stock Exchange this morning. Total business done amounted to $212,700,15, with Electrics moat in demand. Nooa There remain machinery-quotations and the morning's
vehides - £22,000,000; and chemicals, £10,500,000, Two- thirds of these goods are Bri made
£60,000,000 La £05,000,000; transactions
Dollar Imports are already cut to the bone. Only essential foodstuffs and equipment are being purchased from the United States. So the blow must full on Britain.
British motor manufacturers are expected to be worst hit. deepening depression is endy, halting sales of British; cara. Showrooms are packed with Britain's latest expor! models-despite the fact that imports hoye almost ceased.
or
ovur
SHARES BUYERS BELLERS SALES BANKS
JIK 'Bank East Ama...
INSURANCES
Union Underwrliem
DOCKS, ETC.
*K. What
Ro INTEROCEAN LINES ROYAL
TJMENTEŇOM TJIHODAN"
HTMLUWAID"
"EASTWAY" FARMAN"
KRUVI"
"THLUWAI
BAILING B
June 12. Juno
June 10
"TJTJALENGKA" ANE.
**TJIWANOT"
Jane -35 July 2
"TJIPONDOR"
July
STJITJALENGKA”
July
"TJIPANAR"
July
B
July +
July 14
"TJIKAMPEK”
"TJIWANOP” "EARTWAY""
Jaly 25
ART.
ALE,
2
"TJIEŪDAS”
*TJILUWAII"
"TASMAN" *THIWANGPE
"TJJPONDOK"
"NOISEVAIN"
"TJHLUWAIR"
*TSIRANDER”
"TJIWANGI"
....
Aur. 12
Aug. 10
sept.
Gept. 7
Bapt. D
Sept. 10
Sept. 23
Oct. *
"ТИВОВАБ" *THLUWAH"
"EASTWAY” "TJIPANAB"
Manila, Kinganore, B. & 8. Afcién
Djakarta, | bon,
Surabala di Macassar
Ningapore, Djakarta,
Hurabais & Macassar
Semarang,
Healthu
Singapore, Penang, & Ketawan Deli Ningapore, Penang & Belawan Delf Kingapore. jakarta. BEATANE
Hurabala & Macassar. jalcorta.. Trebon. STATANE,
Huratiala Marastar
Japan
Manila,
Singapore Penang
H. Afrien
ย
Manila, Singapore. Maturitios,
8. Afilea & ́8. America Bingapore, Djakarta, Semarang,
Burabala & Macabar
Djakarla, Thon,
Suraba” Maraider
NOMATANE,
Singapore, DJakarta, Bemarang,
Hurabala & Mincassar
Singapore, Penang & Belawan Deil Matilla,
Singapore,
B. Africa 6. America
Djakarta.
Trebon
Suradala & Macassar Ningapore, Djakarta,
Marktung
Semarang,
Semarangi
Burabala Macassar Singapore, Penang & Belawan. Dell Hingapure, Djakarta, Bemarang!
Burabola & Miscastar Djakarta, Tjirebon,
Buradain & Macassar Manila, Singapore,
I. Africa & 5. America Singapore, Jakarta,
Hürabala & Macassar Djakarta, Thirebon,
Semarang:
Mauritius,
Semarang
Semarau
Hurabala & Dincassar Bingayate, 17Jakarta, Bemarang,
surabula & Macassar
ARRIVALS
June 12 June 19
June 10 June
19
From
Jopatt
MACARAY, Sorabala,
Djakarta & Singapore
Japan
Semarange
Africa, Maurition & Singaporo
General Agents,
HOLLAND EAST ASIA LINE
SAILING TO EUROPE
"BLITAR"
"AAGTEKENK”.
June 10
July
"ALMKERK"
Aug.
"ARENDSKENK"
Sept.
201300
Falls
SAILING FROM EUROPE
Rotterdam
Arrivat Hongkong
"ALMKENK"
Salled May.
Joty
730 7700
"ARENDOKERK"
July
Aug.
"KIELONECHT
AUR.
Rept.
"AAGTERFIK"
Rept.
Oct.
Uct.
Nov.
N. PL. Wharf 0.55 Dock
16.30 14.40 1101
Provient
Wherlook
LAND, ETC.
IK Hotel..
物
300 @ 5.13
43 1000 # 135
6.00
HIK Land 3022 40 000 € 40
kland (hj
HK Land (3) 12) Humphreys, 30.10 What Land..
1.25
Tram 15.00 15.00 200 16,90
Gter Ferry
C. Light (0) 8.30 C. Light (N) 5.35 .... 21.10
to
300 10.00
723
88 RECRE
1200
INDUSTRIALS
Cement STORES, ETC.
Balty
13.10
13.00
10.10 10.10 1020 1000
2000 182
172) 21.10
13
AVetson 1.10
Comford ·
Ewo
GETTING BERIOUS The elint Birla factory outside UTILITIES Calcutta, which assembles Nuffield vehicles, has been closed for the past three weeks,
Textile and jute mills are also
hours reducing working closing for "machinery haul." The
Telephone tea trade is ex- dimculty, growing perlancing after 10 ycara
without com- petition.
Indian mica and manganese are not selling weil, in spite of Western rearmament.
ទ The situation
growing serious. For many vitul develop- have to be Of course, many are over-ment projects wil lockding the new "H" savings curtailed or abandoned if India bond, which was offered to the is forced to reduce her imports. Point Four and Colombo Plan the first time this for public week. The Government is said aid can case, but cannot solve,
that the
Britain's hopes
the the crisis.
familier have high
formulo-more exports, or fewer new Issue will attract investors.
Intermediate and long-term imports--is the only immediate
answer for India U.S. Government bonds declined sharply early last week but Expres showed come rallying tendencies
Thursday
Friday Nevertheless, worth
the victory 21s were off 2-1/16 of a point from the previous week at 0734 bid, while the bank-eligible Septeni- ber 2% were off 3/16 at 08-9/10 bid.
Question. Is it because you have no defence commitments? Answer: "That is right and wrong. We are working on a defence programme up to errtain degree and we wish to get more shares out of the pro- gramme, just as we wish to en- ler the Canadian market.
#
"We buy twice as much-from Canada as we sell to Canada, and we are trying to bridge the gap. Last month we bought Canadian wheat for 25,000,000 dollars, yet we sell to Canada only 30,000,000 dollars of goods a year."
So it seems that Germany's new programme is bread befóro Kuns.
LIBERIAN ORE EXPORTS
Liberia
New York, June 8.
will export about Iron ore this 750,000 tons of year 10 times more than was
shipped in 1951, Lansdell Christle Mining Co. Ltd., New York.
President
of Liberia estimated in
In 1953, he predicted, ship- ments may double 1052 exports. Mr Christie sald Liberian ex- include this year will ports about 550,000 tons to the United States, 100,000 tons to Britain, 40,000 tons to Canada, and 3,000 tons to Holland and West Ger- inany. - Associated Press.
Down But Far From Out
to
on
and
minor
Foreign lens, ke domestic corporates chowed changes But follan and Brazi-
Ban
for
bonds were strong, while Japanese issues lost ground. Signs of an early end to steel strike produced a demand on ratirond obligations Friday resulting in the heaviest In trading scion of the year. fact, the sales total of $3,740,000 par value was the highest since Dec.
7. 1051 when activity barely fell short of the $4,000,000 level. Associated Press.
Only Six
Bervice:
tea.-Landon
Foreign Exchanges
In N.Y.
Italy Norway Portugal-
Spain
New York, June D.
US$1.01-18/10
2.70
2.00 Bld/ 2,63 asked 2,75-9/16
22.774 2.200
01081- 1453
NY Cotton
Again Has A Good Day
New York, June 9,
closed on futures Colton higher round for the second session in a row. The market showed 趄 good undertone throughout.
Nearby July again took over the leadership and rose to 40,40 cents a pound, selling a new high since April 12 and a cumulative rise of around 2-1⁄2 cents a pound from
the low made just a fortnight ago. New crop manhs lost a great deal of buoyancy in the last half hour. feeling
the impact of profit- taking and hedge selling.
The crep and weather news, 0326-9/10 24tich remained mostly on the favourable side, appeared to be lost sight of in the light of political developments,
*750*
the
Canada England-officiat
unofficial
50-day futures 90-day futures Australia New Zealand South Africa
Belgium Deniarit
France
West Gerimany
4,20
Holland
2038
.0018
0370
0103
Sweden
Switzerland
22315
Aflidle East
Egypt
2.87%
03125
Trai
2.00
Turkey
4375
Latin America
Argentina
.435
Brazil
.0300
0085
Colombia Cuba
4023
1.00
arc
Mexico
153
Peru
0038
Uruguay
$775
Venezuela
2003
Far East
.2004
Pakistan
2035
174
Nations Are
Good Risks
Tran
Bolivia
Chile New York, June 9.
Only six world
177
countries in
Japan
נעשין.
360 yen to US
United Press.
the petroleum good pro investment risks now, Max Ball, and petroleum Ecologist engineer, writes in the industry New York, June 8.
publication, the Oll Forum Britain may be down, but sho
as the India Mr Bali Ists them
-India, Itongkong United States, and Afghanis Indone Canada, is far from out.
That is the opinion expressed
Pakistan, Burma by one of her loading textile
tan. Before long, Mr Ball says, be added before a group of executives
the list. Israel may be American leaders in New York.
Ila jets nine other countries Major Alfred Huskisson, which adequate exploration Managing Director of S.
S. Simp
They, Bro current conditions. given in the Review shows that claims that the American policy, Dako trousers, and Chairman of
Braz
Chile, Mexico, Austria, before 1050 natural. rubber was though perhaps understandable the Wholesale Clothing Manufac- one of the few raw materiels
furers Federation, in the light of 1041 and Korcs, whose value had risen file appeared likely to have the most
that Britain will again forge to Italy, Turkey and Egypt, All above that, prevalling
them, he says, bave geologie In 1039, unfortunate.
in the front in world trade. The consequences when it was 17.5 U‚S. cents a South-East Asia.
present Government, he said, 1.1949, the price was pound. In..
ivill strive by every means in only 17.0.but by January 1951 11 "Malaya, with perhaps 40 per had mared to 735. Since then, cent of its working population employed by the rubber In- the dustry, will be hard hit. It las other hand,
out, cotton had con estimated that a fall of one
Strolls cent means a
a long of 12 million
Straits
A survey of price fluctuations The Chatham House Review son, Ltd., of London, apakers of is unlikely or impossibio under Lebanon-Jordan
it had dropped rapidly.
On
the
Review points
recently sold at almost four and Malaya
predicted
its power to raise the value of the Pound Associated Press.
to
Copra Quotation
a half times its 1030 price in the dollars in gross annual income.
of
Trade Talks.
In the export picture, in- terest was centred on the statiming of the National Coun- ci's Fordiga Director that Inda will reduce cotton purchasca in the United States by 300,000 to 800,000 bales next season:
He said purchases of cotton from non-döllur areas may be Increased next season. It prices
with competitive American tevels,
the
opened up 7 to
15 points and closed up 5 to 35
The market
poin's.
Spot
لااله الله
October
Decemusr Merchi
may
July
October
"OLITAR"
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA vía BAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
MS. "LEISE MAERSK”
M.S. “GRETE MAERSK” --MS.-"OLGA-MAERSIC”-
ARRIVALS FROM U.S.A.
M.S. "OLGA MAERSK”.
M.S.
M.S.
"JEPPESEN MAERSK” "HULDA MAERSK”
June 17 July
2 -July-16
June 16
June 29
July 17
For Freight and Further Particulars, please apply to:-
AGENTS:
JEBSEN &
Pedder Building.
JAP SHIP DOCKS IN
MONTREAL
Montreal, June 8. The Amagisen Maru, the first Japancas veisel to deck at an cast Canadian port since the Japanero attack on Pearl Har- bour, arrived here yesterday.
Only a few shaping officials were prezent to greet the 7,000 ton freighter, but later in the day the vessel was opened to the public.
CO.
Tel: Nos. 86060-9.
The Rubber
Markets
London, June 9.
Priser of rubber futures closed
today zy follows:-
Number 1 rubber,
In pence per lb.
July
August
September
July/September October/December
January/March
2352-24
23-2311
244-2
23-201
244-13
United Press,
NEW YORK MARKET
New York, June 9, Prices of rubber futures closed today
15 lower totalling 25 contracts.
October
September
November December
01
January February
March April
The Amngisan Maru, which is owned by the Mitsui Line Tokyo, arrived in ballast from 41.60 nominat Hamburg to load grain
Europe.
40,15-40,20 -
37.17 30.00
لسار فان
30,41
34.00 bid United Pret
NEW ORLEANS MĀRKET
Spot Jiy October December March
Amman, Juno D.: Lebanon and Jordan began May
that laid the golden i trade restrictions between the the goose CEB," Mr
Mr Ball writes, "or have two countries and facilitating chased it out of the country, or use. of Lebanon's scopon's have starved and harassed it till Jordan. fte egg-laying days are over.
Proms countries have kied talk today aimed at casing July
bas
40,00
4021-40,20 07.37-37.30
37.31-37.13 20.01
United Press
The Jordan
Exchange Rates Cabinet also
Бугіл Other countries have merely under consideration
and thereby Jordan economie agreement
Business `was 'dong" "In the lodal reduced its diet,
number
inarket of
∙1B4 reduced the New York, June 0.
the Yarmuk River for morning at the following ralex United States, while rubber had And the price in Singapore har
U.3. dollar (por:#33 Copen aus qualed today at will lay Hortantes providing for joint development unauthe been little more than twice the fallen by come 05 Straits cents $140.00 per short tort, nunmal Venezuela, so often painted to irrigation and power develop Hiering, nuts (msl)
since January of this year alone, Cocoanus all pre-war price.
was quoted at as a thining example, is under-ment, and the conduction of Indonesia, guilders (ner, 190)
Miami ticals young, Raked feeding her golden scose Syrian-Jordan oll refinery, false, 100 "Those spectacular Auctuations and is expected to fall dull 052
Associated Press, in natural rubber prices buvo further.":
1
verglas United area.
Associated Press. A
| FIO plaster-((per 100)
In Tokyo, the Mitrul Shipping Company said today that the 4,000-ton freighter. Nichisan Maru, is going to New Zealand next month.
It will be the Brit Japanese ship to enter a New Zealand port since the war. The shig carry general cargo and 500 tons of Etsel--Rruler,
JAPANESE BONDS
London, June D. Japanese
borila "A" (45. et 1000) 77 "D" (4x of 1910) 09 "C" (4 of 1907) 2154 "D" (5s. of 1934) 84 "E" (5% of 1984) 125
May
June
August
with
sales
27.05
$7.44 nomina! 27.02 nominal 20.00 bid
20.46 nominal 28.27 nomina 24.10 bid
24,00 bid
25.70 bid 25,37 nominel
20.00 nomin«#1
24.73 nominal
United Press,
New York Sugar Futures
New York, June 0. World' sugar futures closed to- day 7 lower to I higher with -- sales totalling 99 contracte.
Contract No. 6 closed, 2 higher : to 2 lower with sales totalling 435 contracts.
July Пeptember
November
| Bput:
July
.....
·Contract No. 4 (world),
4.10 hid 3.11 blá. €34 nominat
Contact No. 0
Goi bfa
Beptember Ka7b67% November
Spot -United Press.
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