1952-06-26 — Page 9

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THE CHINA MAIL, THURSDAY, JUNE 26, 1952.

MESSAGERIES MARITIMES JAPANESE TRADE HOPES

MUM

"BIR HAKEIST”

Arriving Leaving

Outward For

June 19 July 8 JapaA **LA MARSEILLAISE” ...-June, 20. Zgjeri

**MEKONG"

........July 15

July 21

**MONKAY"

June 28

*“LA · MANSEILLAISE” „July 11 +BIE HAKEIM” .........................-AVI, 3 +MEKONG"

2019 18

Aug. B

Aug. 10

JADSH Homeward Vor

Adrija 4 'Buppo Marsiles via SAlgon N. Artis à Europe

Atila Ebiope N.

For Passenger and Freight. † freight for Salgon, Alexandria, Tunis, Genos, Marseilles, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterranean ports via Marsellies and West Africa by Transhipment, Madagascar by transhipment in Saigon or Djibouti.

Subject To Change Without Notice.

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

Tel. 26651 (8 lines). Queen's Building (gr. floor)

EVERETT

LINES

EVERETT ORIENT LINE

Fast cargo and passengers service refrigeration space avaliable for Korea, Japan, China, Philippines, Indo-China, Slam, Malaya, Burma and East Cons! Indian Ports.

"NOREVERETT"

Arrives June 30 from Manila, Sails

1

July 1 for Singapore, Penang, Calcutta. Rangoon &

"BRADEVERETT"

Arrives July 8 from Singapore. Sails July 9 for Japan.

EVERETT STAR LINE

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

FIRST CLASS PASSENGER ACCOMMODATION

M.S. “STAR BETELGEUSE”

In Bort Loading

Sailing June 27 for Singapore, Penang, Madras, Colombo, Bom- bay, Karachi, Basrah & Bahrein.

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

Plan For

Formosan Industry

Taipei, June 25.

A balanced budget, a balanced trado and an improvement in Talwan's Industrial situation are the three primary goals of the

Irregularity In Grains

Chicago, June 25, Chicago grains joined other commodities in mixed irregular trading deatured by rnness in nearby soybeans futures with gains showing undertones rang- ing from firm to easier.

Wheat closed % to 1% lower and soybeans were 4% higher to

Provincial Government's policy lower. Prices closed today as in the forthcoming budgetary follows

year, the Governor, K. C. Wu, Wheat price per bushel told the Taiwan Provincial 4-Spet

sembly, yerlerday,

July

The Governor Insuted upon September

December Government storch

und May expenditure and not a single Corn

than necessary Spot

the fact that the

has to balance its income

banimote more

July has been issued this year, which

September was one of the best proofs of December the economie stability achieved. March But, the Governor added, this May "Bye taken as D balance to he

July springboard for further im September provement. The redistribution Osts of farming land will be conclud- ed by next year and the Govern September ment will then have carried out the fan step of Dr Sun Yat sen's principle of the poople's livelihood policy in this aron France-Prosio,

Pepper Market

New York, June 25.

market ruled The peppor quiet but the undertone

on

re

8.20

2.29. 5.3036

1.77 1.7811.

2.24-2.131

Expansion Of Business With South Asia

Pakistan Raises Import Duties

on all

• Karchi, Jupe 35. The Feklelan Goyers. mans has announced th He Import duty

oction pods, except Br tish, is to be raised to per cent from today,

The duty on grey and non-printed varielles from Britain was raised to BS Per cent and on printed roods to 54 per cent.

It is understood that the decision to raise the duty was taken following the Pakistan tarif recommen dations,

The previous import duty on cotton piece-goods, except these from Britain, was 30 per cent for 100- printed goods and 30 pér cent for printed coòds--- Reuter.

Agrarian

Tangible Results Expected

From MacDonald Visit

Tokyo, June 25,

ROYAL INTEROCEAN

Pago

Bingapore, Penang & Relawan Dals Japan(twia, Manila)

Filmben,

Bemarang.

****WANGE

TASMAN #TITSALENGEA“ · “TJIPONDUE“

July

July.

"NITANGE

"BYTRVAN

***JILUWAȚI” *TIPKANTER" ITWANDE

TBOISSEVAIN“.-

July

Відгарого,

Djakarta,

The Japanese hope to expand their trade with Southeast Asia and this is

opo of the points they want to discuss with the British High Com VENGEA” missioner, Mr Malcolm MacDonald, when he arrives here on June 29, usual ly reliable sources told the United Press today.

It was believed here that preliminary discussions on this point may already have taken place. There was speculation here that the Japanese Foreign Office adviser, Mr Takeotra Ogata, who recently toured Southeast Asia, may have mentioned the Japanese hopes to Mr MacDonald.

Sambe observers believed that Mr MacDonald may be coming here to complete the tally and to make a brat band study of the Japanese trade problem from this point of the picture,

At any rate, diplomatic obser- Área it will be dimeult to con- vers herpatech considerable clude a now trade "eprestont Amalficence to Mr MacDonald's with Thailand.

visit to Japan; The Acting Ambassador bas although his visit was officially been instructed to exert efforts ansio ced only yerday, the to extend the present trade pact Japan public has been ox- in the coming got they

Udded-France-Bresse,

TENTATIVE PLAN

The blu Tokyo newspaper, the Mainichi, sald on June 19 that Tho Mr MacDonald was expected Affairs,

Ketorm in her carly in July. The official

today

Vietnam

Saigon, Junio 25. Bí, Nguyên Vin Tam, the Vietnam Premier, announced today that he is willing to make every effort to carry out agrarian the reforms in order to raise posants' standard of living while preserving landowners' rights.

The Government, he win

mid,

also favour the creation

Brive in Tokyo on June 29 stay about a work. dag empacted home that he would visit Korea while in the

arco.

It was believed here that Mr MacDonald might do the follow- ing things while in Japan:

COLOMBO PLAN 1. Confer with the Japanese Shigeru Yoshida, Premier icm--and Far Enst Com- munist problem with the UN Commander-in-Chief, General

Juno. 25.

Forrigu Elizalde, that a tenta been

for the extension of the trade agreement between the Phillp- sent on after expira- don of the present agreement on June 30.

3. Discuss the Korean prob- Filzalde explained

of labour unions enabling urixn / Mark W. Chand report on

workers to defend their interests and better standard of living.

own

thole

He stressed that the develop- ment of productivity and an in- crease of the national Income were the only possible ways of securing a better share-out of wealth.

Speaking of the liberty of the Press, M. Tam declared that the Press would be granted complete liberty, although the time wis not yet ripe for discussions of political disputes, which, he said, privilege of happy de-

3. Get a

hero sald

HONGKONG SHARE MARKET

(From Our Correspondent)

Business on the Stock Ex- change continued in the doldrums this morning, only $154,583.00 worth of shares changing hands. Noon quotations and the morn- ing's transactiona BHARES BUYERS BELLENS SALES BANICS

10 @ 1370

**

FK Bank ***INSTMANCES

Canton **** 220

Union Underwriter

This move was made in view of the fact that no petion has yet been taken by the Beaste on the Tapadero Pesce Treaty. Mr

that. the detalls of which were not dicetosed, was designed to forestall cónfusion * In trade In the event that the cirdies Peace Pact was not acted upon trade agreement's before the expiration.

Japanese

were reported to have expressed carlier willingness" to renow, the present trade accord for wantover perjod may be mutually agreed upon and,

if necessary, effect any changes to meet changing condi tons.

the British point of view here from the British Ambassador to Japan, Sir Esler Dening,

Da 4. Get Japanese views immigration problems,

"with" 5. Talk

Japanese Government and private leaders on the question of trade,

One Japanese newspaper said Mr MacDonald's arrival in

It was added that the Japanese Japan is another indication of the British hcern toward the also pureed to accord the Fillip- Far East, empacially Koron. The ploes Mission In Tokyo diplo-

thought

Mr matle privileges but would not paper

part MacDonald might pre Gen, recognised the Mission as Clark and the US. Ambassador of the Diplomalle Corps in

Mr Robert Murphy,

Japan to Japan,

"MeElizalde explained that the for a clarification of the Ameri- can point of ylew.

arrangements made, which were Japanese que ability that the nature, we

obviously thoro was a

to main- linking of Japan with the tain and certainly not conducive Colombo Plan would be dis- to the resumption of trade and cursed.

general relations, including a Competent Japanese Governs substantial increase in trade. ment Ministries are reported to

• Зоравене barter cuse the problems of Japanese trade pact was plugged today in the Colombo Plan, if such by the Government Committes discussion is called for.

on Barter Trade. The loopholo GREAT HOPE Japanese industrinists also allowed the importation into the tangible resultado.

the nike up as rapidly as France's, and it view of the slume other rations will support which Japan is facing. They are Vietnam's effort," he added,

said to

to place great hope in ex- After praising M. Nguyen Van

panding their busines into Tam

38 ола of the post Southeast Asia because of trade energetic personallies in Vict barriers alsowhere.

Emperor Bao

Pal apr

approved Earlier this month, the Government's programme Governor of the Bank of Japan

was mocracies.

Speaking of administrative re-

5019 form, M. Tum

that the Government would require of all officials absolute integrity, Inilla" tive and affectiveness.

Replying to the Premier's speech. Emperor Bao Dal, Chief the creation of a mixed Economic Committee including Fronce, the Associated States of Indo-China and all nations friendly to Vict- nam.

|

DOCKS ETC.

Whart

N. Where &

*TJIBODAS**

"TIISADANE“

"FAN DEUTET"

MAKASSAR

R

wor

"TITONDOR" "POREYARN" “TSILYWAP" "TJIKANPER" **JIWANOT?

BITBAAT":

"HAKIFBAR"

"TJIWANGI" STARMANN

"BUY"

Aus.

AUK Aur.

ARE, 11

Aug. 13

ASE. 18

ARE

24

Rept, 1

Bast. 7

Sept. 25 99. * Oct •

Bikerts

surabals & Macassar

traban

Maurit

Semarang.

Bingkpő¥*******Diskarta, damartzig,

surabala a Macausar

Japan

Bidrapore, Penang & Betawan · Doli Bingspart Mauritiua,

5. Afries 28. America.

Djakarta

Titrebon, Semarang. Burabaja. "Naçassyr

Заран

Kingapore. Djakarta, Semarang.

Burshila & Mucasian

Singapore, Penang & Dolswan Peli

Зарад Bingapore,

Biltubála a Macassar -

Djakarta,

Tjisbon,

Surabala à Macaritz

Bemarang.

Semarang,

Singapore, Mauritius,

#. Africa & America. Біскарого, Djakarta,

laurabits & Macassar

Djakarta,

Tjirebon,

Burabala & blacassar Singapore, Djakarta,

́ ́Barábiis & Macassar

Semarang,

Semarang.

Semarang,

starjia,. Singaporo, Dimuritule,

B Africa & B America

ARRIVALS

21

July 1 July

July 7

From

MALA KRY Burabala, Bemarang,

Djakarta & Singapore

B.-America, EA E Aftica

Mauritius & singaporD Japan

HOLLAND EAST ASIALLINE.

SAILINGS TO EUROPE

"BLITER"

Londy (th/8th Juls, sails 7th July, for Adep, Port Said, Alexandria, Genos, Marseilles, Antwerp, Rotterdam, Ham- þars, Bremen."- Accepts cargo for Copenhagen, Gothenbarg and Oslo, with Trañshipment.

'ALMKERK"

Loads 5th August, salis 7th August, for. same destination. SAILINGS FROM EUROPE

3022214

BAS

10 p 5.00

"ALMKERK"

Provident 2, 2010Ộ 30.03

S'hal Dock

Wheelock

LAND, ETC.

HK Hotel

200 @ 135

AKD

4011

斑

1.20

11 Land (1) 13 S'hat Land

UTILATIES

Humphreys

F. Tram (0)

in

Telephone

INDUSTRIALS

Cement Hope STORES, ENC,

1048.29

599 @ 14-49

Walačn

Late

of the Vietnam State, advocated be busy getting prepared to dis nie loophole in the

Kwong Bange

COTTONA

401

"Vietnam's production will go are looking forward to Fome Philippines of undesirableLast-Minute

nam. the

The Committee decided to eliminate from the Fact's trade at goods under the category of "miscellaneous items" and main- tain the US$50,000,000 burter trade level-France-Presso,

BEPARATIONS ISSUE

Manila, June 25.

and underlined the necessity pl recommended a national trade Reparations obligations headed establishing a strap Budget so policy which calls for Japan to that "every citizen may see for contrivo new trade facilities for Himself how pubile affairs are a settlement of trade balances dealt with."-France-Presse,

with the Southeast Asia coun- tries"

Investments In

The

Formosa

months_ago. . អ

Spurt In

NY Cotton

December 1859)

October December

positions

41.59 10.30-40.33

37.40 37.18-37.20 80.90 25.29

minial

**

"ARENDSKERK"

FLECHE

MAERSK

Balls Rottefam Arrives II.K.

Bailed 28th May 4th July

2nd

AUE.

7th July

2nd Apr.

#th OCL.

LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELENIA vin SAN FRANCISCO, LOS ANGELES AND FANAMA

NEXT SAILINGS

M.S. “GRETE MAERSK”.

MS. VOLGA MADRSK"

M.S. "JEPPESEN MAERSK"

ARRIVALS FROM U,S,A,

M.S. "HULDA MAERSK”

M.S. TREIN MAERSK

M.S. "PETER MAERSK"

July

July 16 July 30

July 20

Aug. 5

Aug. 14

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

FOREIGN

EXCHANGES

34.77

-Ualted Preis

40.80 40,10-40.1 37.50-37

Canada Ebgtaid

7.00 36.01

IN N.Y.

New York, June zi.

futures

Now York, June 24. thể list of the problená cobe The cation market crowded all fronting post-war Japan as

of the action in today's pession drawn up by

Juichi

into the last quarter of an hour. Tushima, who

Headed the

The market opened up 2 to pit Japanese Reparations Delego 6 points. After engging irregular Positive participation in the ten to Manila st January, ac ly to losses of 7 to 20 points, it Southeast Asia development pro- cratumes will contribute to the cording to advica reaching here. rallied at the close,

Spot month closed on top 48 Bedder Building.. The other problems difed were national economy of Japan," sald Mr Hisato Ichimedo.

rettlement of outstanding pre- points higher. Other "With the promotion of trade war debis, and restflution and showed gaing of only to s

points. with Southeast Asia, Japan's compensation for foreign pro- Prices

closed today A3 fellaner on the dollar area for perly lost in Japan

follows: This Information was/pon Spot new material supplies will be lessaned, further accumulption |·tained in "reponia ⋅ recelyed" by | rúty Taipei, June 25. of Japan's Sterling holdings the Philippines Foreign Office October

the production from the Philippines Mission in March Nationalisis and the prevented and

Heavy Industry Toyko.

May United States exchanged notes cost in the

The Philippines has set a July on U.S. Investments in Taiwan accordingly reduced.

reparations October Mr Ichimada called on the US: US$3,000,000,000 this afternoon at the Ministry of Foreign Affairs.

to help Japan expand her trade bill againg Japan. India and December The coro 1.83

with Southeast Asia United Nationalist China have wrived NEW ORLEANS MARKET mony took place in the room *1.01-1.6236

cialms on Jepapese where the Sino-Japanese Peace | Pross,

reparations Spot 1.014-15

bus Indonesia has presented July was worked out two

PACTS EXPIRING 1.74-1.735 Treaty

Japan with a reparatoria hill, Tokyo, Jurė 25.

Mr Trushima was quoted us starch (1003) The Japanese Goverment is The Chinese Foreign Minister.

the preparing steps to cope with the syng that he expected a greal-May Mr George Yeh, and

of trade between the July American Charge d'Affaires, Mr Impending expiration of the ar

and "Japan W agreemento: Howard Jones, signed the docu- trade inent which stipulates that Ir Philippines and Burma, Foreign the guarantee of convertibility Offed circita said today. The iso dizelosed the morning that 15 involved, the American wo agreements are to expire at the April figures on

Japanse ride' the end of June, Government will acquire in-

fin favour Foreign Office circle's roof of over US$1, vestors'

the view that since the Philip»- úf

Pappines A similar The dociment

Irade thianco in has so far failed to ratify. pines 11 that

"the expropriation the Japanese Peace Treaty tha

of the Philippinos” was guarantoo is invoked, the United States Government will prospects of signing a new trade reported for the first quarter of jako over the investors claims agreement with the Philippines this year, according to ngures brainst

of the Government by the end of Juno appear ex from the Bank of Japan.

France-Presso. tremely lim China in compensation for the

These circles, however, hold it very likely that the current expropriation.-Franco-Presso.

negolations between the two nations for the extention of 1719

will romulti in que trude clizioni pocnujajo tip:

July conful ton-exist mult xuntor for "of a trade pact' is

November Spot Getoa June 28. the Philippines in It is fur The Japanese Nippon Yusen geptember

Kayza Navigation Company will November 13: London, June 25.

Offico Toroign etreipa rogealed" The in market was easier that the Arting Ambassade 46 op regular berylce, betyrimi pot

Genoa with tha this morning on a turnover of Bangla Mi Wataru Okuma, Is 110 tons of which five tond were negotiating for a new tale pot derivbl help on August 4 of":

July

80% New York four-per 200 lb. Gack. $12.00 nominal.-United Fress.

New York Stock Exchange

Now York, Jubo 25. Stock market prices. Cained about $500,000,000 in valuation mained strong in line with the with walls pacing the rise with spot gains over a point to climb to

a new higli since March 1931, Dealing

totalled 1,230,000 diores. with

Gils gained firmly, landing pound. In shipment positions, to three points. Steels gained

supply tightness deliveries.

Dealers Indicated spot around $1.72 a pound

and $1.59 at $1.50

afont

at

Jumo was quoted at $1.49 fractions to over a point, tha $1.60, July. $1.45-$1.40

2.

beat for zoo time. Car phare

round, all on on ex-dock basis, improved slightly 1,101

United Preus

Chinese dollars. I

LONDON TIN

MARKET

STIÓNIF

"of a

the hit Foreign Offico

NYK ́Service

To Genoa

October

December

New York Sugar

Futures

New York, Jund 25. Workd

futures closed. Bugar Today 1 to 3 lower with salça tolalling, 28.contruots.

Contract No.' 0, "closed" un- changel to 2 lower, with solea totalling 203 contracts.

Contract Na. #:(world) |

September

Austenția New Zealand

Bouth Afric Belgium Denmark Welt dermany Holland* Italy Norway Portugal Spain Sweden Hwitzerland

Middle East

EXYD

Iran

Turkey Esiin: America Argentina:

ifatn

Colombis

México

Heru Uruguay Venezi

Pre

Pakistan

dans

Japan

for cash. Priecis closed at the with the Thal Government, but bibe to Holan Mary, port Exchange Rates, "Dow Jones wverages at the end of the oficial morning that the formal trade falk wil uita

announcement followed mines was Gone in the Local

mmki of the wussion stood as dol-session as followe better start at the beginning of July e

310 declined dod 201 wing Im

Pada Ase-London, Juno: 29. japoneze, bond

JAPANESE BONDS

issuer traded, 419 advanedd,

changed.

Jova

por Un. buyer

30

270.43

Boot Un, sellers

Jusinos dono st

15 Unitles

20 Rolls

•4• 49120

40 Bontis

United Prest

•*XX** (ka, ut 1010)

麗寶

#gam (ba) of 1934)

Conso

Three-months tin, buyers **Three-mantha tin, weilers

Business dono at «GetUrneni

pud ipday

p...

Autor his originally the that whit burg

ca the unggital Direcbangun merkOR.

They pointed out that before k

"href"wity definite plan if Chirbished on the tourétt method of trado, settlement be Filiberto Tuffiol, port Tween Japan and the Sterling fatend

Gen«"] Ndunesansui

„Klantinels Kowe 199) super-Hingespre: (atraha),

FIL-Barstow (per 100)

MADDE VIKITA.

Tel. Nos. 36066-9,

The Rubber

Markets

Singapore, Juna 20.

Prices of rubber futures close today as follows:

Number 1 rubber, per lb.

July

August

September.

2.00 Baked Number 2 rubber, July

04-

3.774

2.75 Blanket crepe

37-5739 Number 3 rubber, July Number rubber, July

24-0415 Spot rubber, umbaled”,

77-72 113-117 No. 1 pale trepented Press.

NEW YORK MARKET

Now York, Juno 25.

0028-0/10

ALUM AJ OPJM IDI

Prices of rubber futures closel unchanged to 80 points higher with sales totalling 72 contracts. | Prices cloatdins follows: (

31.75.

Jin nominal

30.42

29.75

20.25

28.25 Id

Januar

September October November December

February March ∙April Jday June: Juty Allguses

28.78 naminet

1,7 hominal

2150 bit

27.1% nominal

20.76

Septem

United Press.

2013

20.00

LONDON MARKET....

Landon, June, 25. Prices of rubbor futures closed

Nambré z Rihbet, nor i August

"ungil today: as "follows:

Heplanter Duller

Now Fort Juno 25. Coprn Win queladi iddaya, say dopjember $125 "pe":"theel" ("Jon" numimai. | October December 100Cocoanut off was quoted at 1015 Fanuary/March

April/fúna 12.275 - consapound,United; Press,