1952-06-13 — Page 9

MESSAGERIES MARITIMES

MM

"DE HAKEIM”

Arriving LeaNINE.

June 30

July

Gated Ber

Japan

Robe & Yokohama JAMAN

torward. For

"LA MARSEILLAISE” ...

1

"MEKONG"

July 30 July 18.

+"MONKAY"

+"MERONG"

July 1 14 *"LA MARSEILLAISE" July 11 July

July 20 July 22 *"BIR HAKEIM”

AUR. 31 Aur. 1

..ne 30

N, Africk a Europe Marseilles vla Balgos

•

For Passenger and Freight.

2. Afrion'& Europe N. Afka & Europe

t freight for Sulgon, Alexandria, Tunis, Gonos, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterranean ports via Marseilles and West Africa by Transhipment. Kladagascar by transhipment in Saigon or Djibouti.

Subject To Change Without Nejice.

ستت

CIE DES MESSAGERIES MARITIMES P.O. Box 58,, Hongkong

Queen's Building (gr. floor)

EVERETT

Tel 28651 (3 lines).

ELINES

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 July 1 for Singapore, Penang, Calcutta, Rangoon &

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

Sailing June 25 for Singapore, Madras,

Colombo, Bombay, Karachi, Basrah & Bahrein.

EVERETT STEAMSHIP CORporation s/A Quéon's Building, Talophone 31206. Chinato Department: Tolophone 28293.

NY Cotton Closes On Rally

New York, June 12. Cotton futures opened higher and despite subsequent rallies and declines maintained overtone of steadiness closed on a rally. Activity pro- cacdad at a quiet pace with good part of the business run- ning over to evening-up in July delivery before the first notice day on June 24.

FOREIGN EXCHANGES IN N.Y.

New York, June 11,

US$1.02

2.763

24

an

Canada Englund-cmelal

uncificial

30-day

2.67 id/

2.60 asked

fumes -day Euturek

2.762%

and

Austrațin

New Zealand

South Africa

#784

*

Belklum

Denmark:

France West Germany Holland Italy Norway

0018 1405

Hoeden Switzerland

The market opened up 1 to Portugal

Spain points, backed and filled over a rango of 20 points and then closed around the highs and up 14 to 22 points net. Prices clos- ed today as follows:

Spot

July

October

March

December

May

October

July

Spot

Egypt

MIDDLE KAST

Kran Iraq Turkey 41.55 nominal LATIN AMERICA

Argenna Brazi

40.16-4020 37.25-37.27 30,98-37.03 30.85 bid 30.6.bid

30.22 bid 34,72 bid

United Fress.

NEW ORLEANS, MARKET

July October December March

Miny

July. October

40.55

39.00-40,10

51.30-37.02 30.65 nominai

30.10 bid 38.24 bid

United Press.

BRITAIN AND TARIFF PACT

Genova, Junio 12.

Bolivia

Ciulle

Colombia Cuba

Maxco Peri Uruguay

Venezuela

FAR EAST India

Pakistan (longkong Laddnesla

| Singapore

Japan

01081

0928-9/10

THE CHINA MAIL, FRIDAY, JUNE 13, 1952.

Fertiliser

Wool Prices Huge New I

Stiffening

New York, June 12, The estimatel 1951 world Wool consumption upward has been revised

from 2.150,000,000 pounds on a clean basis to 2,248,- the wool 000,000 pounds, Bureau Incorporated re- ported.

The Bureau said: "Wool prices arie stiffening throughout the world and premiums are being offer. for country ed in this Epot delivery. The delay- od production of wool fabrics here and in Eng- land threatens shortage of materials.”—United Fress,

critical neested

Exporter Suggests Remedy

HOW TO CLOSE DOLLAR GAR

London, June. 12.

United States is The going through its war raw materials at an alarming raie, British export mer- chants were told in London today.

OH

The Commonwealth

the other hand had not even been completely mapped geogra- phically.

It was full of manganese, chrome, fiu, copper, bauxite, leud, sugar, jute, rubber, wool, wheat and host of other things.

The

a

Plant Will Increase

India's

Crops

The Sindri fertiliser plant, which has just been opened, is a good illustration of the difficulties of planning and industrialisation in an under- developed country, writes the Calcutts correspon. dent of the "Manchester Guardian."

The plant, which was supposed to have been completed two years ago, to cost some £7,000,000 and to produce 350,000 tons of ammonium sulphate a year, has in fact cost some £17,250,000.

The public has been talking of scandal while MP with little or no understanding of the snags involved in planning, have raised irrelevant but awkward questions; even ing estimantes committee's report has accused the Goveranont of aquandering the taxpayers money.

Science

Aiding Oilmen

"TJIMENDUNGY

"IJILUWAN" PRASTṆAX" "TAÍMAN

WANGE TJPONDOK" "JIPANAP

June 11

Jaga 20

Intro

July

Aniy

PRUYG

"CERLE UVRATE"""

July

14

July 25

Ang.

2.

Aur. Avg.

Ang. 12. Aug. 10

TITKAMEEK

***TJIWANGU“

London, June 12. One of the most skilledPASTWAY petroleumi neist engineering "LIALANGK S" jobs over completed is to "zuOQDAI- day, producing first clasa ro- "DJILGWAIKI 80s. The job consisted of AIMAN water-flooding the subter

Benton offfreld. "gorgevar rangan rock strata comprisÇOXDUR” ing the

inois, so na to increase the NLUWAN" underground persise anch | "TIDLNAPĘKS thas step up the oil output. "THWANGT

SEJIWANGI

Yet thero has hoon no scan-generations of technical skill been dal at Sindri: indeed, Sladri is behind him, nor has he a verk creditable feather in the subjected

This is a typical modern mechanised to a

sclentine practice in stimulating society in which gadgets are as :Government's cap.

anolifield's output but the The achievement is particu- tamillar to a child as ratiles to

Benton project was more than IBODAS" a baby. larly great in a country where

normally complicated. For this "TJILUWAI of technical thero is a lack

oilfeld Hes Immediately below "TARTWAS knowledge as well as a shortage

ang of the world's largest cod) ANAR of those raw materials, cement

mines. and steel, without which plant can come to life.

210

The machinery, of course, had to be imported, most of it com- ing from Great Britain and the rect from the 'United States.

BRITISH MISSION The idea of the plant was Arst put forward In 1943 when sent

NO BHORT CUT

The Indian foreman is fresh frem his village: a. villago where the plough is wooden, the but bullt of mud bricks, the road furrowed by bullock caris, and where, but for. the uss of kerosene lamps, nothing has changed since the days of Lord Buddha.

Ye! India must industrialise, a mission of experts waS

do so by ort to advise the Government and India can only

lier foremen and of India on the erection of a training

the mechanics and fitters. fertiliser plant to relieve food shortage; the mission con- sisted of two experts lent by and one expert from the Power Gas Corporation.

The

mission submitted lis, re-

Unfortunately

there is no

short cut to the acquisition of experience but experience.

To drill their wolls, the olf borge mon had to sink their holes with meticulous accuracy through the centres of the mas sive columns of coat tho

to support oxperts had left- their colliery workings. Any havo error in drilling would sent

heavy. the

rock-blis smashing into open tunnels or shafts.

en-

Sept.

Hent. Rept,

Rept. 16 dept. 23

Oct. £

EKDGEAN

SEKGINESHARd" singamre, GREA

Hurabala & Macaskat

Bingapore.

Remarang,

jakarta. Semarang,

Nurabat & Macuksar Bloggere. Relawan Deli, Penang

Part Awetrčanku

Ringapore, Tenant & Belawan D

Djukarin, Nemarang, Singapor

HSBuYaBala. Sinensin

1) Jakarta,

Jirehun.

Semarang,

Aprabola nataraisse Map Singapore. Bepana

"N," Africa“

Japon (via Manita)

Maseltins,

3446 $300. BagagoTE.

MAGICA, A 1. Adherica Singapore

jakarta, semarang, *Semarang,

Aurahala & Alacaviar,

Treden,

"Birdhala di Mirassar

Singapore, #kikarta,

Rematang,

Hutabqla & Staramar. $1520gre, Tehang" at Belawan Deft

Singapore, Alaur 18. Africa & B. Amerira Planning Treba

Butabain & Macawar

Eingäjist

DJAKAYA,

wurbale di azacoriar

Semarang,

Seinstang,

Singapore, Lenang & Betawan Dell

$1gapore. Djakarta,

wileibats de MacRMAT.

Remarang,

Djakarta, Tilrehen, Semarang,

Sinabala & Macassar

Mani

Singapore,

F82 Arrien & 8. America

Singapore. Djakarta,

Minibula de bracanie Djakarta, Tirebo

"Búzabkia. A "Macassar Singapore, Jakarta,

"Burakala, & Stakisar From.

AKRIVALS

In Port::

June 10 June 19

Japaik

-

Macisar, Surabal,

Japan

3

Jakarta & Bingapore

Mauritius,

Нестарали

HEMITARE,

Semarang,

Bentarase

.8 Africa, Mauriline & Singasare

General Agents.

HOLLANDE

SAILING TO EUROPE

LINE

"BLITAR

"AZMIETH"

July Aug.

ARENDSKENK"

*KIKĘDRECHT

Oct.

SAILING FROM EUROPE

Bally Rotteldusa

Arrives Bongyong

-Failed. MayY.

July

the

Ang

"RUDE "ÉLETÄR

Oct.

When it came to the water- flooding project, the oil gineers and to be ultra-careful, Thoy could not drill the usual special "water-injection" wolis owing to the network of

as they mining tunnels.

Con verted a number of their pro- ducing oil welis to inigolion And they had to watoli wells. the increased subterranean pressure, they were creating- the maximum being fixed at 1,000 lb. per square inch at surface level to prevent food- ex-ing the coalfield as well.

he Chairman, Mr Richard Wills fold the annual meeting of the

the National General Export

Sindri may not work at fuit Merchants Group that the wayport in 1944 astor extensive capacity, so the first few years, to close the dollar gap was to touring and advised that it and the machinery's life may nooduce in the Sterling Area

would be much cheaper to have be somewhat shorter of the bu more

present one large plant rather

nat of what we

than a ginning, but all this dogs. imported from the dollar area

number of small plants; they matter. and more of what the dollar

also selected Sindri as the sile

Sindri What matters is that the Bengal- area really needed, even though because it

was vege this might take time.

and because has been completed and is ac- Bihar coalicida If it meant a change in the cual wagons" returning emptytually

producing ammonium could sulphate. Indla is buying of priority and from North-west Jpda present reconsideration of such arrange-

bring gypsum to the plant for perlance in good time. ments as

next to no freight charga. a general agreement on trades and tarifs, that must be undertaken.

He

did not believe that the dollar gap could be closed by direct exports from Brilain to America alone,

The mission, taking lato ne- count the conditions prevailing In India, advised the Govern→ American ment to employ the Chemical Construction Corpora tion to crest the plant, and an The gap existed between the Army engineer, Brigader Cox. United States and the Sterling who had already made his re Area as

whole and it could beputation in building most of in- closed only by increasing Com-dia's orduance factories during monwealth production generally the war, was put in charge of and by strengthening the Pound the whole scheme. Stealing Rputer.

Japanese Machinery

For Burma

Rangoon, June 12. Sources close to the Govern ment said today" that a settle- ment had been reached on the question of Japanese reparations

of the Japan-Buma peace treaty.

BNAGS APTEAR-

The mags arose; arst, it took much longer than expected to acquire the land, while Ined values shot up and inbour costs rose out of all proportion to the 1944 estimates..

11

Then the Government insisted that all machings to be import- ed should be subject to com- only patitive tender, and that the lowest bidder should · ser the contract; thus one and half years were lost in haggling with contracters abroad and de valuation pushed costs up fur- ther

The scarcity of cement

and

to Burma within the frameworksteel created internal delays. while the Government's system of licensing imports combined of minor with the Ineplitude. customs officials did nothing speed matters up.

Burma would rcocive ma

chinery as reparations.

The delay in the signing of the peado treaty was due to the

Eventually the machinery ar

Burmoso, Government's desirerived and erection began, un

ip study beforehand the Indian

trezlies and Pakistani

with Japan, so as to make her own treaty with Japan as perfect as posable.

The coming trade agreement be based on with Japan will that previously, concluded, with SCAP

bo

Both the peace and trade treaties

expected to are signed in July.-France-Presse,

LONDON TIN

MARKET

London, June 12.

The tin market was firm this morning with turnover of DD tons of which 55 tons were for cash. Prices closed at the end of the calcial morning session as follows

Spod if buyery

077 Spot tia, delless Hurines done at

· POTAM Theee-months tin, buyers 109% Three-montha tis. sellers 970 Burines done at

90015-970 Sept

91715 United Press.

to

HONGKONG

SHARE MARKET

(From Our Correspondent)

Business on the Stock Ex- thange this morning was valued at $132,102, Noon quotations and the morning's transactions SIAMES BUTERA SELLENS, GALES BANKS

lik Bank East Asla 'INSURANCES

Underwriters

pocas, ETC

Pt. Wha Provident B'bal Dock Ayne-lock LAND, ETC

170715 740, 30 q rates

10:30 12214

· 424 422 3050, @ 432

0.70, 630

Land .. 4019 4:24 HK Land (B), 3 HK Land ai Humphreys 10.60 Shot Lond. 1.10

der a shower of irrelevant crili-UTILATTES

cisms.

in

had no previsien, had

the

to be added

NOT ALLOWED FOR The mission's report had been aral much hasily scmpiled

which fcr bean made criginal. slimrit if they had foreseen all that it would have was required been $13 million and not £7 million, while the further orcaso of..25

in

million was the consequence of inflation and devaluation.

Another difficulty. which had not been allowed for is that the low standard of efficiency of the foreman class makes it In order to casura necessary. the satisfactory running the

of plant, to multiply the number

33 38

1000. 10.00

IGLO 000 A LO

C. Light (0) B C. Lent (N)

21.30 2346 4300 † 21.30 Electris

lephons. 15,60 10.

INDUSTRIALS "Coment.....

14.30 14.00, 80, 14.40

STORES; ETC.

16,61.16.00 1300 ve 10.70 Dairy Walson, 31.50 L Crawford

29 X Kwong Sing Hong COTTONS

END

110

Grain Prices

of safety devices and gadgets, In Chicago

and gadgets cost

and require

them.

men to servicu

Chicago, June. 12. of staff The higher technical

Prices of grain futures closer has been adequately today as follows:-may be c Sindri trained and it was made a co-wheat price per bushel

that Indian dition of supply techolcians should get training July

Bpot

160 yen to US JAPANESE BONDS varying from two years to els Bentember

***United “Press."

New York Sugar

Futures

New York, June, 13. World sugir futures closed today, 2 to 6 higher with sales totalling 193 contracte.

There is ria indication that Britain intends any precipitous

Contract No, a closed 2 to 6. nction on the 34-nation General Agreement or 'Griffs and Trade, highng with nifes, totalling 97.

It was recently reported in a

contracts. London, newspaper that Britain constees No 4 (word).

4.47, Bid might be:

September

2,09-4.10 Trado eiroles think, however Nowsher. that there is a growing feeling in t

Contract No. ( Britain, in favour of negotiating July! cerlain claures of GAFFE, which Egtember

·November would pornit an Increase, In Bpol Lemorial Preferences Bouter.

tion of Misidering' renuncia July non

London, June 12.

Japanese bonde

DA” (fa, of 1800) "B" (49, of 1010) "On (48, at 1907) "D" (53. OT: 1034). -TE (65. of:"1034): Console

March

months, from the supplier, in December the working of the particular Gatz machine that they were going spot to use at Sindri SUNTRAINED FOREMEN

Although Indian engineers 834 are on the whole well trained,

702

00. 11814

123

8036 United Press..

Japanose. Mission

Coming

To HK.. Tolpely June 12.

July

September December

It must not be forgotten that. A 2015, plant like Bindri, which is not September only the most modera the dife world of Is Idrid" but is

· Reiterabe

22535

2,3124-36

21

1,50%

Added to these complications w/13 the

problem of bringing in the vast quantities of water re- quired. It was estimated that about 875,000 gallons of water Dar day would be neode: when the project was in full swing and reservoir holding 1.000.000 gallons was built on the site.

AMPLE COMPENSATION

This in turn was fed from a Jarge natural lake-Lake Moses -some six miles away.

орега So far, cost of this tion has been $1,000,000 - or about £870,000.

But the results are proving Already, ample compensation. over 1,000,000 extra barrels of oll have been produced as a direct result of the project and the fold's rate of output substantially increased.

Altogether.

ls estimated that an additional 16,000,000 barrels or

2,000,000 about

tons of all will be recovered that would otherwise have re mained in the earth.

1 I

scientific successes

As the Benton project --- along

with me

many

other similar rc- pressurisaflor schemes now in hund in oilfields in all

parla

of the world which constantly. enable the all mon to increase thele, estimates

of the quantity of recoverable oll remaining In these folds. But it is not often that the all engineers have to

MAERSK LINE

FAST FORTNIGHTLY SERVICE: TO: --

NEW YORK, BOSTON, BALTIKONE & PHILADELPHIA via BAN FRANCISCO, LOS ANGELES AND PANAMA,

174

NEXT SAILINGS

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

"ARRIVALS FROM U.S.A.

M.S. "OLGA MAERSK"

M.S. "JEPPESEN MAERSK"

M.S. "HULDA MAERSK”

June 17 July July 161

2

June 17

June 30

July 18

For Freight and Further Particulars please apply to:-

AGENTS:

JERSEN & CO.

Pedder

Buildhig

The Rubber

wark in zuch close co-operation The Rubber

with their colliery colleagues.

London Express Sarvied."

To Increase

Cotton

Production

A textile

Dakar, June 12, conference to dis cuse the possibilities of increas ing cotton production in North Africa opened here yesterday,

Representatives

the

Markets

Singapore, June 12.

Prices of rabber fatures closed today, as follow-

Number 1 rubper, per lb..

July.'

67-87%

September

02-01

Number 2 rubber, July Number 3 rubber, July. Number rubber, July Spot rubber, unboled Blanket crapa No. 1 cteno

1.1

French Ministries of Operas

Territories,

Affairs Economic

7042-001 8014-07 -50 103-110. -Unjiga „Prem

NEW YORK MARKET

New York, June 12. Prices of rubber, futures closed dodoy 30 to 50 higher with sales

falling 100 contracts Prices closed as follows: and Commerce and Industry as September... 29.10.20.20

October

****2601 nominal well sa delegations from fextile ber

part. organisations are taking

Opening the first session,

oid Inhabitants of French

High Cthulh

Africa

North

M. Gentille, February

5,000,000

Icember the January

March

Apent

May

June

to develop eplember,

JAY

September

1 Goveremo the

1741.

7.1314

*7374-72.

the only one of its kind en York Hour-per 200 tu, Back,

the production of cotton and would ghin from; itari

Torite appréciable Government

Referring plegramme, the High Commi slonom al than the plan on

an increased of esttou i vitageḍ

reduction from 2000 to 22,000 tor's of cotton Obro

grown under dry cultivadion;

the irrigated. Rates raying

production of 10,000 tons of

| Asia, juteldo Japamtir an 182-: 112.10, Sominal-United. Ereza. 23. ilteix hey venture for India.

true one, fer- Thots fa, it is tiliser plant afrondora. Infeculis

A 34-mghbor Hapanese contence in Mysore, but that plant Exchange mercial mission into arrive in Is. varst knall and docą not gyn- Talpol next wook for n four-anythesiso ammonium sulphele ky

4.08 naminat/visit to, kormones Its: gmporal. I the same: mouw incult für fundoriaini/exclusik

0.10

purpose will be to try to increase Thig flig

trade between Formosa, and, sinarp is not withs, the Japan from harp Abs mition technigol unit bun wishe will go to Hongkong Associated subordinates;: the foreman Preap,-

pot-ar in the West,

Market!;this

trang forg

The

saran

27.43 bid.

21.40 nomhut

27.12

Tel: Noa." 36066-9.

JAPANESE

SHIPPING REQUEST

Tokyo, June 12. The Japan Shipowners' Asso- clation will tomorrow ask the Dircoter of the United States National Shipping Authority. Mr Charles McGuire, for the hanlage at U.S. special pro- curement goods by Japanese ships in Far Eastern' waters.

If the request 1s accepted, it will climinato, idle coasters in Japan.

The Association will also op=? peal to Mr McGuirgo ke ndequate steps to minimise the disadvantage inflicted on the Japanese chipping industry by the use of Japancae port facili ties by U.S. shipa ya

It will point out that exces- priority has been granted. ships in

Japanese. using

Five

US.

for

facilities:

addition, fle Association

ank für US. Anincio) alu mechanisation of in

LONDON MARKET levedong equipment Medes London June 122 | Japanese ports as the stoveder Paices of rubber, futures closed, ing equipment ju Japan, al- though not inferior to thint of iteday as follows:-

other sitting, is not satisfactory for normal functions,

pence per

Aligunt

July/September October/December January/March

2311-24

New York June '121"

MeSeeds And Banga

New York, June 13. Kirvinees wax /dong- kr the 100 S Amitment necessary: WAL

Prices in the seeds and olle of the echamoin raplisation of

market closed unchanged with $6,000,000,000 cops quoted today at the follose my exception: 13. fernes or Und42744900) 010: 18100 pes short from, atlet Cof99-- Flax seed, por buehol, E.0.1

High Commissioner, mid: nut oil wng zold at: 10 cents Minneapolis, 44.02% United 1,78%

·Press. 13.675 Unted Pross

HO:200)

FIL ulalizes (per 100)

pound-Uniton Press,