MESSAGERIES 2 MARITIMES
M&M
Avitsing Kenving
Outward For
*"LA MARSEILLAISE”
"MEKONG
· Jane 30 Faly 16
'I July July. 21.
Kebe Yokohama Zápali,
Hom/Wild, Far
11 July - 17 - Sfarseilles via Brigon ***July 30 July 'El Ni Athen & Eprope
H. Alles & Ébrďßh ..Aus. & .Aug. 18
*"LA MANSEILLAISE" .20 +BIR HAKEIM” +MEKONG"
For Passenger and Freight. freight for Salgon, Alexandria, Tutie, Genos, Marseilles, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterranean ports via Marseilles and West Africa by Transhipment, Madagascar by transhipment in Saigon or Djibouti.
Bubject To Change Without Nailem.
CIE DES MESSAGERIES MARITIMES P.O. Box 63, Hongkong Queon's Building (gr. floor)
Tel. 26651 (8 lines).
EVERETT LINES
EVERETT ORIENT LINE
Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-China, Stam, Malaya, Burma and East Coast Indian Ports.
: "NOREVERETT”
Arrives July 3 from Manila. Sails
July 4 for Singapore, Penang, Rangoon & Calcutta.
"BRADEVERETT”
Arrives July 8 from Singapore. Salla July 9 for Japan.
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. "NORDSTJERNAN"
Loading July 20
1.
Balling July 21 for Kobe & Yokohama.
EVERETT STEAMSHIP CORPORATION 5/A Qücon's Building, Telephone 31206. Chinese Department: Telephone 28293.
M.V. "LA MARSEILLAISE'
will sail for
Yokohama and Kobe
on
TUESDAY, 1st JULY 1952 at 7 P.M.
Passengers tre requested to board the vessel with their babin baggage on the 1st July between 3 and 6 p.m. Baggage room and Hold Baggage will be registered at Kowloon Godown No. 50 (No. 2 Gate Canton, Road entrance) on June 80th between 2 and 5 p.m. and on the 1st July from 9 a.m. to Noon only. No baggage will bo registered after this time.
Compagnie des Mossogeries Maritimes Queen's Building.
Rails Lead
Wall St.
New York. Juno 20.
Blue chips led stocks higher during the past week
on à Flightly increased volume.
aftailroads continued an the Cutstanding feature, Thel everage rose 1.95 points to 102.30 on the week for a hew high since March 11, 1931.
סע.
Industrials closed at 272.44; 2.25 points for the best Tevel since February 2.-Unlied Fresst
Indian-Austrian Trade
Bub
QUE
'THE CHINA
MONDAY, JUNE, 30, '1952.
TOR BRITAIN
Poser Set By Report Issued In U.S.
Sugar Producers To Meet
Havana, June 20. Bugar trade circles Bere kald today, that representas of Cuba and offiét sugar - producing ediniries will meet in London
nicatis discians July 15 to
so as to eliminate and keep prices high..
n
reported that Was tukar producers will diskuss Cuban proborate for a new
of
brorta star @grecinctii, da United
Payments Agreement Proposal
JAPANESE WANT REVISIONS
Tokyo, June 29, The Ministry of Interna tional Trade and Industry
In The
Significant Changes American Economic Picture
(FROM OUR OWN CORRESPONDENT)
London, June 29.
A massive five-volume, 000-page document, "Resources for Free dom," Issued this week, has been described as something that ought to make a lot of people sit up and think.
It has. And it is likely to do so for a long time.
The publication da tlig, worst of President Truman's Materials Policy Commission. Looking ahead & quarter of a Bentury, the Commission forecaite, in the American economic plature, chân gas of the utmost significance to the world in general and posing a variety of questions for the British Common. wealth in particular..
Against a background of such
In 1000 the United Bistes próz | For Britain, ho says, that duced 15 per eitt more raw tights, "mierifiées now for the materials than it consumed. By | Mite of alability in the futuro,” 1950. had become a deftelt uf nire per cent.
Around 1977, the Commission Centences for Britain, the estimates,
deflelt endy wouch | London markels this past week the 20 per cent level: that showed a somewhat mora cheer. America's Unport dematris then ing face. will have increased in varying percentages particularly for metals such as copper, lead, iron ore and zinc.
ex-
What proportion of the panded American Imports in be mot from the resources of at pre- sent under-developed territories in the Free World?
That must depend on the ex- tent of development of these in turn that territories.
is to propose a one-year ex-depens on the answer to one of tension, with minor te the
Commonwealth's constant visions, of the present post-war problems of capital United Kingdom Japan investment
This question of capital has overall payments agreement been Attracting considerable which is to expire on attention again, August 31.
}
to extend
The Ministry alms Japan's trade with the Sterling Area to £200,000,000 a year cach way.
".
dit-edged securities showed on certain days, Improvement though on bilatico the week'? net declines ranged up to 15/-
Industrials provided appre
elated. If not appreciable rises.
BROKERS' OPTIMISM There were commodity im provenents-in lead, zile, rub ber, tea, cotton and wool
While cautioti is being, ** pressed about these commodity movements, brokers seemed more optimistic on the future of commodity thates,
י
Gold shares made. fresh ground.
chares have
Rises in textile attracted week-end speculation as to whether the dump in this industry ib cixding.
A NECESSITY The other day Sir Douglas Copland, Vice-Chancellor of the Australian National University, made a plea for a full-dress Cominonwealth conference countries in order to consider. the basis of capital developmen: of the British Commonwealth,
The disrepute into which the Areas but also to the word capital has fallen since the of the word."
the The Ministry attributes current sluggishness of Japan's imports from the Sterling Area not only to the high prices theso shortages of goods available for Japan's purchases.
Lancaire mili chitis, how- ever comment that botton de- triarid till have, to Improve; ubstantially "before we are out
RUSH BY BEANS
Britain is in.
HONGKONG
SHARE- MARKET
(From Our Correspondent)
Business done on the Stock Exchange this morning totalled $147,499.25: Nood quotations and the morning's transactions→ shares BUYERS SELLERS BALES BANKS
HIC Black East Asia Au INSURANCES
Canton *** Union. 737 Underwriters
Fire... 431
DOCKS, ETC.
R. Whart TTIL "N. P. Whart
Dock
Provident Shal Dock.. Wheelock 135
LAND, ETC.
11K Hotel... TK Land
Shel Land * 123
UTILITIES
1300
5.00
17.00 200
1000 17.00
200 17.30
10.80
2400 @ 4135
Tra 10.6618.fo Peak Tram
(0) 122222
Star Ferry..
C. Light (0) 8.25 8.31 1357 @ 0.25
C. Light (N), 5,35....... Eiderie... 21.10
Telephone 4 18.5018-20
INDUSTRIALS
stent ....18.00 13 200 @ 14.00 Hope
-1117.30
Dairy
war is the subject of comment in an article one of a series
London, June 29. with on Commonwealth development To balance the trade
£200,000,000 appearing in the current sué The stock markets have had these areas at
fairly busy week. Nobody. eath way, the Ministry main of "The Economist."
The writer be made tains, efforts should
the knows exactly what induced so stressing foodstuffs, absolute necessity of large-scale many bears to buy shares they to import as much
12 materials investment raw cotton and raw
undeveloped previously had sold.
and for
manufacturing as territories are to be developed, tron
Those who believe in Britain's
in's economy ls balanced possible from the Sterling Are says: instead of from the Dollar Arts developfilent of the Commons on the "knife's edge" or, as some
wealth callnot be forced to love will have to
haye Heed Arguing,
hind In the
payments capitalists but it is compulsory before they get better." This coming
get much, wyrs STORES, ETC. agreement talks with the United for them to cherish capital.
has been the general opinion "Moreover, they must malce Kingdom, the Ministry intends
and then cil of a gudden the climate altered and bears rushed
cover their short biler.
factor clearly visible was that the "ftia people" came in 3 buyers of Government stocka at levels giving them a hand- une yield. As always, theso people
extraordinary weight fo
To a very limited ex- also to have tent they scem picked up Courtaulds (ytering 7:2 per cent if the company re- penta its dividend, but the com- ny has warned all and sundry ptiny Facing that figure, can_Lon-that it may not be able to:)
18
ask loine other nations to it clear that they will go on take part in seeking the co-cherishing capital! operation of these countries in expanding and balancing Japan's trade with the Sterling Areż.
With
LONDON'S ROLE
Making an assessment of the these objectives capital requirements of the achieved, the Ministry expects Commonwealth, "The Economist" goes on to give the that both Japan and the Sterling writer nations will be able to abbli "lowest gure it development to proceed faster than in the their respective controls,
past" at about £500 million mutual trade.
ycar.
Is
he
And it may be much more,
cautions.
to
יד
L. Crawford
(hts)
..... d.to COTTONS
EWD
1.00 scLLANEOUS Yangtze ...
10.90 100 10.00 800 16.80
932 @ 6.25
135 8.25
Page
Exterocean Laxes
"TJIWANDE
"TABMAN"
July |"TJITJALENGKA". July
THPONDOKT
July JIPAÑAS"
STILUWAIT.
"THIKAMPER" "JIWANDT
July 10
July 27
Aus
Λής.
“KANTWAY"
Avi
**TITJALENGKA”
Aug.
"SIBODAS"
Aug. 11
*İNISADANE”
#THLUWAI
VAN HEUTSZ" *STRAAT.
MAKASSARM
"TJIWANⱭr
*TJIPONDOK"
**BOÍSKEVAIN"
"TJILUWAHI"
“TJIKAMPEK“
“TJWANGr"
"STRAAT
MAKASSAR”
-TJIWANOF
Aug. 11 Aug.
ARE. 24
་་ ་
пер.
Sept.1
Bapt. +
Sept.
Bept. 16
Sept. 24
Oct, Z
Oct. D
$
Singapore, `Pinang & Dalawan Dell
apan Cvín Manila).......
Djakarta,
Titrebon, Bemaring,
Borgata Macassar
slider puter, k. A RATHER YOU MAHLKAMsingabška,
Bu Afilén á 4. Absálies Too Stigapore - Dinkačka,
DJAMALS,
(54) Aristia.
Tjireban, 20, Bulnaralta,
· Skikaputo, “Djakarta, Semarakk
Kutabala & KaCHRZAT
Japan
•Singaporü," KĒnuña a: vélafyan 19811 MANGE,Bingapote, Mauriti
8. Abrich & 9. Ameticá DJakarta, Tjirebon, Semarike,
Rurabala Matartár,
Japan 17
Bingapore, Djakailla, semarang,
Horabala & maraitir
• singapore, Pasang & Dejawan Deli
Зарял -Ningapore,
DJakarta,
Burabala & Zasedasar
Semarang,
DJakarta, Tjirebon, Bemarang,
Burabala Macassar.
Malia,
Bingapore, Mauritius,
8. Africa & 8. America Singapore, Djakarta, Bomating.
Burndals & Macnasar Djakarts Tirebon,
Semarang,
Bemarans.
Burgbala "MARKKAN Singapore, Djakarta,
Burebala & Muchnade Manita, Singapore,
8. Africa & B. America
ARRIVALS
In Tort
July
"TJITJALENGKA" July
STARMANI
"RUYS" *THLUWAH”
July
7
July
12
From
4
Machikar Autabala,
Djakarta & Singapore Уврац
'Matritius,
Remarang.
8. Ametics, E. & A. Africa,
Mabhidus & Ringapore.. Japan
Machar, Surabala, Bemarang,
Djakarta · Bingapore
MAERSK LINE
FAST FORTNIGÌÏÍLY SERVICE TO:
NEW YORK BOSTON, BALTIMORE & PHILADELPHIA «İs SAN FRANCISCO, LOS ANGELES AND PANAMA. NEXT SAILINGS
M.S. "GRETE MAERSK"
MS.
"OLGA MAERSK”
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. 10
For Freight and Further Particulars please apply to:--
AGENTS:
JEESEN
4. Pedder, Building.
Grain Prices
In Chicago
Chicago, Juhe 28.
Minor revisions of the agree- ment, as proposed, by the Minis- try, Include permission to put- chase Indian rupees, Australian don, he asks, continue as in the These shares tuse B/- from the · Gráin futurės ciuśca today as Pounds and other currencies of past to be the almost exclusive
of the Sterling nations with Br-supplier capital for the tish Pounds prid to shift to a Commonwealth? separate account settlement sys- The answert in futuro Lention tem, Japan's trade with Hong-will be compelled to mit Its kong-France-Presst.
teafia to the Commonwealth to the total of its balance of pay ments surplusos.
Attack On Trade
Barriers
1.
225 nóinifal
buttom to 84/- but it was mostly follows: short covering which Hited Wheat price per bustici Imperial Chemicals 1/3d, Dun Spot 1005 nearly 2/-, Rolls-Royce Jub 1/6d. and many others three- September December March pence to sixpence, leading dustrials gained two o
The Financial Times Index of May
Spot That, he arguch, mens Com- to 107.03. monwealth development 'capi- tal coming from somewhere elee than Britain,
THE HOME FRONT
Glit-edged improved slowly all september the week. Old Consuls closed December With a gath of 4% at £55 and March War Loan similarly at £73.
May Ryo July
►
Brisk Demand
For Lead
1.
1.7934-76
& CO.
Tel.
Nos. 86066-9,
PENINSULAR
& ORIENTAL
QQUIS NOS
STEAM NAVIGATION COMPANY-
R.M.S. "CANTON"
2,1344
SAILS:
-7767734
60-805k -Untied Frest.
NO REDUCTION IN PRICE
Washington, June 20.
The Reconstruction Finance Corporation Administrator, M
Jogonese bonts closed erra- titally. 1907 and 1930's bath 10st September While American capital 24% to £115% and £1274. Oats gat should be encouraged, he con- respectively: while Tokyo Eles July tends, Britain should go on tries lost £9 at £139. Others September "doing at least half the job" ranged front unshishged to latser to the tune of something like of £1 or £1-Unitd Press.
£250 million a year. New York, June 29.
But before she can do so, the The Feicial Reserve Bank of Brilele continues. Britain will
her
economie New York declared today that have to
the British trade restrictions imposed by problem at home: the franc and Sterling areas people will have to save mere could if allowed to go
at present and on, than they do have to will Tel: 20651. hinder a return to normal, pro-
ensure a large оп their balance of duction and trade,
The Bark in a study of re-
on the part of the
New York, Jung. 20, cent monetary developments territories, to be developed abroad noted that the more called for today by mag price of lead up one cent
Brisk demand pushed the
Kendral
on Commom- restrictive commentator
pound last week, to 10 cents, monetary measures had been wealth capital investment prob- before buying started to tapersibility of cutting the price, now helping to redress the unbalance lems.
"Candidus"
the off
23 cents per pound. The KFC In international payments,
Investor's Chronicle,
He asks. Will the countries most in the non-ferrous metals hand and is making a pront
That was the major develophus ldige stocks of synthetit ön But it sild: "The new direct
the United Press. reversai of restrictions on trade, to which at Sterlihat Area which Have market
resources walting: to the Sterling and franc areas veloped see soon enough that it
conts from the lead particularly have under emergency conditionscy gre going to attract edita quotation between Apri
they have got to grow, out of and May 11 may Recentuate the
xisting their Andi-development inhibi- distortions in trade and the Spread belive dollar and non- tionst 70-73
dollar prices:
In
Futures S'pore
Sikapote, June 23,
Prices of rubber futures closed today as follows
Number 1 cubber; por th.
Zuly, actua
Auguh, maca
Beret:ber
2012-07 0812-07
021-03 001-20 83-54
Number rubber, July rupper, July Number Hunter Funker, July spol, rubber, unbaled Flankek crepe ........ No, a pale trepo
113-138
United PreŠU.
Amalgamation
Japan
In
of. 1150
had recouIZO
"ap yog
They have got to take the caltditions right, he ädda.
"They thus threaten to hinder
MUST FIND MEANS” the necessary and eventual ro adjustment in the patterns of.
Discating the production for trade?
prospective. Bas Referring to wages and unem mutid for mare raw materiala ployment the report said that envisaged in the Materiais up to mid-1950 waged had ricch Policy Comments report, tis roughly in proportion to the in- dame Writer insists that Britain New Delhi, Juné 26.
crease in por capitos output must somehow and the meat 4 three-mat Austrian that
Since the Korean war they had of providing a tants of the de relegation, led by Dr. Bobleter,
velopment capital requirur, E rekkurcos
she is to batalin her position as The shortage of neck Counsellor in the economie day The new firm, having in paid- partment of the Ministry of up capital of 10,000,000 yen, is tended to be accentumed, it the care of World trend External Affairs arrived here likely to obtain a Government sald, by the pressure for hudter drause and to have my ban today to negotiato a fresh trade man out of surplus Sterling money incomes and the pluc mind over the law materials agreement with the Indian Gov- funds to aid in at plantance to accept any, reduction in the will want zat well an
France-PresN
consumption standardamitouter, America."
Tokyo, June 20.. Thirty-nin Japancoo ship ping firms have organised Joint compday to purchane und foreign verola,
rises faster,
Found which had taken
40
29
Zinc continued in the strike doldrums as the lect dragged on but there were mo further price cuts
And the light) Copper flon was unchanged with the bulk of the forblem frietal prices ́ha jhuch as 12 "centi a plund, over the domestic celling of 114 cents-Associated Press.
Exchange Rates
Düzlijeka Uwa donò -In "thalopal models toping market thu thorning of this Enlowing, rates US, dofirikmer. (1) „Sterling note" ver £3)-
indoneel guilderrit par tod) Blam: Kokla (per 100) Hingsvorm (Stenity)= FicsPlastres (ver 1993.
NOTICE TO PASSENGERS
BAGGAGE!
Barry Macdonald, sald today SPECIAL NOTE: that no reduction in the price ̧d? synthelle rubber la immifieht.
Mr Macdonald had recently careful consideration to the poss sáld the Ră C... was giving
EMBARKATION:
FRIDAY the 4th July at 6.00 p.m. for the UNITED KINGDOM VIN Straits, Colombo, Bombay, Adéu find Port Said.
All passengers baggage must be sent to the Hongkong & Kowloon Wharf Co's Godown at NO. 2 GATE, CANTON, ROAD ENTRANCE BY NOON on THURSDAY the 3rd July, 1982.
With the exception of hand packagogy carried by passengers themselves,Ÿ ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading on board by ship's slings onlyzo
Vill take place on FRIDAY, the 4th
·July', -1862 - batween 2.80, p.m. anā 4,00 p.m.
Pacific Far East Live Juc.
Fást Regular Téani-Pacifið Sérvico
biger SAN FRANCISCU, LOS ANGELES
Quam, Marinas Islands,
JCKENTA
OVERLAND
NEW YORK-ANLAGU-DETROIT, TORONTO VIRIÁL AND ALL AMERICAN & CANADIAN CITIES toronedan katanda in Regular Servibe direct of with trai
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20 Kozulma
For full partishlara: call Kluifel Slates Kites Co., Gonorat Agents, Queen's Building, Tel1 88198.
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