1952-07-03 — Page 9

Page

THE CHINA MAIL, THURSDAY, JULY 3, 1952.

DYALA

TEROCEAN

Page stu»k

MESSAGERIES MARITIMES Financial Deficit In America ||RAL INGEN LINES

M&M

"SIEKONG" "GRENOBLE"

Leaving

Ontward For

July 2 Aug. 20. Euripa

Arrizin

· July'15 · Aug. 2

Homeward For

July 12

Afarsailles via #sikon N. Africa à Evrope

*"LA MARSEILLAISE” „Jnly.11 +BIR HAKEIM”.........July 30 +"MEKONG"

•

........Aug. B

July 31

Aug, 10

, Africa & Europe

For Passenger and Freight. tfreight for Balgon, Alexandria, Tunis, Gepon, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterranean ports via Marseilles and West Africa by Transhipment. Madagascar by transhipment in Salgon or Djibouti,

Bubject To Change Without Nolice.

CIE DES MESSAGERIES MARITIMES P.O. Box 63, Hongkong

Queen's Building (gr. floor)

EVERETT

Tel. 20661 (8 lines).

LINES

EVERETT ORIENT LINE

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

"NOREVERETT"

In Port Sails

Loading

July 4 for Singapore, Penang.

Rangoon & Calcutta.

"BRADEVERETT.”

Arrives July 9 from Singapore. Saile July 10 for Japan.

EVERETT STAR LINE

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

FIRST CLASS PASSENGER ACCOMMODATION

M.S. "NORDSTJERNAN”

Loading July 24

Salling July 25 for Kobe & Yokohama.

EVERETT STEAMSHIP CORPORATION S/A Queon's Building, Tofophone 31206. Chinoso Department: Telephono 28293.

HONGKONG | The Rubber

SHARE

MARKET

{{From Our Correspondont)

Uunies

Dalries and

Markets

Singapore, July 2

Prices of rubber futures closed

today as follows:-

Number 1 rubber, per lb.

August September 0191-02 October

were

most in demand during a morn- ing of fairly good business

on Number 2 rubber, AuguKÝ"

Number 3 rubber, AŭgurĚ

B744-83 ,831-24 704-79 01-0114 09-70

110-125 Free

the Stock Exchange today. The Number 4 rubber, August morning's business totalled Spot rubber, unbated $208,201 in value. Noon quota-Blanket crepe

110.8

and the morning'a

-transactions:--

SKANER NÜYENS SELLERS SALES

BANKI

HK Bank... 1300

East Asia. 345

INSURANCES

Union...4**

3 @ 1305

750 760 10 735

SHIPPING

Axis Nov. 1.0315

DOCKS. ETC.

K." Wharf

78

N. P. Whart 8.00

Deck

78 70

€7.70

*****

10.20 10.00

413%

Provident Bhai Dock Wheelock LAND, ETC.

IIK Hotel MK Land UTILITIES

Tram

(0)

Peak Tram

› Peak TrRIT

(N)

Star Ferry

4ija 413a

18.00

11 12

100

$112

1030 @ 0

17 1200 # 10.40

1000 @ 27 1000 10.00

4000 0 10.00

C. Light (0) 8.35 8.80 200 0%

No. 1 pala crepe .....

LONDON MARKET

London, July 2. Prices of rubber futures closed today as follows-

Number 1 rubber, in

pence per lb.

August

September

October/December

January/March

April/Juna

276-28

27174-29

203-21

2342-20

15 nominal

United PreR.

NEW YORK MARKET

*July

2.

New York, Prices of rubber futures closed today 30 points higher to lower with sales totalling 91 contracts.

September

October

November 200 ( 12

December ID006.30 January (1053)

GOD :0.35 | Fobruary

March 1000 8.40

April May 21.30 21.40 100 721520

350.40 June July. ..10.20

August 200 10.10 September

C. Light (N) 8.45 1.55 300 8.35 Electric

Telephone

INDUSTRIALS

Cement

Rope STORES, ETC.

04 10

2000 18.20

14,00 13000 14.80 17.10

17 17.30 *29% (10.00 109 10.00

Watson this 22,30 23,03. COTTONS

31.30-31-35

30.50 nominal 29.70

29.03-23.00

28.30 nominal

28.10

27.70

$3,00

or

20.50

E

·

2000

$25.50

23.20 Unlied Pre

Formosan Trade Balance

Talpel, July 2.

Formona ha more than US$9,000,000 favour- able balance of trade in the first Give months

of this year. This firore, was re- ported to the Cabinet by Chang Tue-kai, Minister of Economic Affairs.

The report said produc- don had been interested in all fields.

The percentage increases over

the corresponding period last year were rice 10, sugar 48, cement 5,'alt 57, paper 40, electricity 4, enal 28; petrol 27, fuel onl 25. cotton textiles 90 and fertiliser 31-Associated Press.

Extension

Of Trade Agreement

Manila, July 3.

The Philippines' barier trade agreement with Japan was ex-

tended without any changes which might have been found desirable on the part of the Philippines, due to lack of time. the Foreign Affairs Secretary, Jonquin M. Elizalde, sald today.

He added that the studies of the pact undertaken by various Government agencies were sull unfinished.

However, he *hoped that would be com- these studies pleted in time to be incorpora- ted in the new trade agreement if and when it is extended again.

Mr Elizalde pointed out that the Japanese Government had not had time to consider or

propose changes when tho agreement was extended for the second time up to September 30 this year.

The extensions found necessary were due to the continued non- ratification of the Japanese Peace

ace Treaty by the Opponition Nacionalista-dominated Senate,

are believed The Opposition

bo determined to withhold action on the Treaty until the Philippines can obtain better reparations terma źrom Japan. France-Presse.

to

Burmese Rice For The Philippines

Manila, July Z. The first shipment of foreign rice, consisting of 8.500 tons of Burmese grain, is due to arrive hero on July 10 aboard the

freighter Japanese

Dalinku Maru, the Government-owned National Rico and Corn Cor- paration amouneed today.

The vessel was reported to have left Rangoon for Manila on June 28,

It was also said here that an other Japanese freighter is now loading another big rice ship? mont for the Philippines,

of

The expected first shipment is part

the

30,000 tons af Burmese rice contracted by the Government rice agency with a private supplier.

The Government firm is try- ing to import as much rice as possible to offset the expected shartage due to the crop loss from severe typhoonsaiast year. -France-Presse.

JAPANESE MISSION

Taipei, July 2.

Less Than Half Of President's Estimate

Improved Situation Revealed

Washington, July 2.

A $2,400,080,000 lag in foreign aid outlays helped hold the U.S. bud- get deflelt för Äscal 1952 to $4,016,640,878,10 → less than half of President Truman's January forecast.

Analysis of year-end figures announced by the Treasury late yesterday showed that spending on military and economic aid for other countries in the Mutual Security Programme came to only $4,500,000,000 of a budgeted $6,900,000,000.

Outlays for the U, S. Military Services ran almost $900,000,000 short of the budgeted $139,000,000, 000 making the second biggest contribution toward holding total spending $4,700,000,000 below the Pre- sident's estimate of last January,

Japanese Airline

To Taipei

་

Talpel, July 2. President Rlyohel Ito of the There wore scattered other! Government costs, in all, came Japanese Airlines landed here factors in the Government's im- to $06,100,000,000 for the 12 yesterday to discuss with the proved Anancial picture: months ended June 30. Although Nationalist authorities the open- veterans' benefits cost $300,000,- Federal spending did not reach ing of Japanese airlines between 000 less than the budgeted $5,- the holghts predicted by Mr Tru-Talpel and Tokyo, 200,000,000; interest payments, on man, It jumped 50 per cent above It is learned from official the Federal debt ran $100,000 fiscal 1901 and topped all pre- Japanese sources that Japanese 000 ter than the $6,000,000,000 vious years in which there was Airlines have, two „DC-4 planes budgeted.

no full-scale war.

which can fly the 700-mile long trip between the two capitals.

The servico la due to begin in October.

NEW FOOD

PRODUCTION

TARGETS

The

Tax receipts would have cut. the deficit sill lower had they lived up to Presidential expecta- Dons. As it was they totalled $62,100,000,000 $551,000,000 chort of the President's forecast. Income Tax receipts were $800,- 000,000, below his batimate,

ΟΣ

CANCELLED OUT

however,

The tax collection was hugo, by every other standard-$29,000,000,000 above the World War II pealt and 20 per cent above fiscal 1051, due

rates and to increased levier.

new

Sydney, July 2 Prime Minister, Mr Robert Menzies, who flew back home today, Bald that targets would be worked out soon for greater Australian production

The better-than-expooled out- of whoat and other foods for Britain.

come of fiscal 1952 promised to make it easier for the Govern- Prices had not yet been con- ment to bear the heavier deficit sidered.

anticipated for fiscal 1953, which begun yesterday.

Britain had promised Aus- tralia a definite allocation of ali war materials.

From an economic standpoint, the inflationary effects of the defelt were Mr Menzies arrived back in $4,000,000,000

cancelled by Sydney by air

practically

21 today after $4,000,000,000 surplus

In the tour of nearly six weeks, during non-budgeted trust honds discussed Australian operated by the Government, problems wili the British, notably the Social Security

Canadian Gov- Fund-Associated Press.

which he

American anek craments.

Ho saw the British Prime Minister Winston Churchill, in London.

He said that all points he had raised overseas including doilar loan-had been ciegrod satisfaction up with

to Aus tralia.

The International Bank Board is meeting on July 8 and is expected to grant'a substantial toon to Australia as well as agreeing to recurring loans for other years.-Reuter,

Sharp Break

In N.Y.

Nationalists'

Ambitious Programme

Taipei, July 2 Nationalist China is in the midst of an ambitious' programinė of concluding or revising trade pacts with four Far Eastern re- gions.

However, there are still many details to be ironed out,

Japans not yet ratified the Peace Treaty, which includes a clause regarding their transport,

There 15 also the delicate problem of solving the new relations to be created between he Japanese and Pusan portions of the service.

its

It is not yet known whether the Talpei authorities will grant the concession of the operation of its civil air connection with Japan to Civil Air Transport.

Meanwhile, CÂT will confinde flight to regular bi-weekly Tokyo and will soon put into operation. Its new DC-4 which was recently purchased in the United States and is being pre- pared at the CAT maintenance centre Presse,

in Taiwan-France-

Foreign Exchanges

In New York

New York, July 2 UBJI03. 2.703

Canada England-omelal

unofficial ...

30-day futures wo-day futures

Itaty

Norway Portugal Spain

2.07 bid-

"nUYS"

"ROISIEVAIN” HEASTWAY" "TJITJALENGKA" "TJIBODAS"

“TJĮSADANE! "TJILUWAR*

J

BATTINGĦU AUTO

"TASHAN"-

TÄPONDOK" **TJITJALENÒKA“

July

July

July

July

"TJPANAŞ”

July

"THLUWAI"

July

"TJIKAMDEK"

July

21

"TJIWANG♪**

Aur.

*

ACE. Aur.

.Avg.

Aup. 12

Aug. 15:0 ARE. 19

Apr. 14.

MAXASSAN” "TJIWANGI"

Sept.

Bept.

"TJIPONDOE"

Rept.

"BOISBEVAIN"

**TJLUWAN" "TJ)KAMPEK"

“TIANGI"

"STRAAT

Sept.

B

Sept. 25

Oct, z

Oct, *

"VAN BEUTAZ”-

MATRAAT

MAKABBAR"

Bept. 10

***TAS MAN"

July "TSPONDOK" .July "TJITJALENGKA" July

Ringapors, Penang & BelawanTM Dell Djakarta, Tiirebon, Ramalang..

Buradala 1⁄4” Macassur

Japan Evia Afanila)

Mazlla, •Dingapore, Mapellius,

M. Atrips"&" W. Amarinių

singaporn, 1.: * 8. Ables Ma Singapore, Djakarta, Bemarang,

[Marabája, mi biscasier

Diskarta, Tjirabon, V.

Kurabaja de 37ackstar (*

Bemarang.

Singapore, Djakarta, ... Bomarang

Murahala" de "Mlacaqsar

Japan

Gingapore, Penang & Relawan Dell Manila. Singapore, Maurtue,

8. Africa & §.. America Djakarta. Titrebon. Bemarang,

Burahsia & necazur

Japan

Blogmpore,

Djakarta, Bemarang

Surabala & Macrasar

Bingapore, Pegang & Belawan Dell

Japan

Singapore, Dikaria,

Burabala & Mincassar

jakarta, Tjirebon,

'Burbate & Macsksar

Bemarang,

Bemarang,

Manita, Singapore, Mauritius,

B. Altjes & 8. America Singapore, Djakarta, Beinarang,

Surabala & Macassar Djakarta, Tjirebon,

Hurabnia & Macar Singapore, Djakarta,

Burabais & Macassar

Hingapore,

Atariis,

Semarang,

Rematang,

Brauelike,

K. Aftles & B, America

ARRIVALS

From

Japan

Japan

S. America,

Africa,

Mauritius & Blagupere

July 1

Japan

"TJIPANAB"

"TILUWAR"

July 10

Japan

"NUYS"

"TJIWANGI"

July 12

July 22

MAGASTAT, Sutabalo, Semarang,

Djakarta & aidgapore njakarta, Semarang, Surabala

Macassar

MAERSK LINE

FAST FORTNIGHTLY SERVICE' TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA viz SAN FRANCISCO, LOS ANGELES and PANAMA.

NEXT SAILINGS

M.S. "GRETE MAERSK"

M.S. "OLGA MAERSK"

M.3. "JEPPESEN MAERSK”

M.S.

ARRIVALS FROM U.S.A.

HULDA MAERSK"

M.S. "TREIN MAERSK”

M.S. "PETER MAERSK”

4 July July 16 July 80

July 20

Aug.

5

Aug. 10

*

For Freight and Further Particulars please apply to;--

AGENTS:

JEBSEN & CO.

2.00 ak

2.10

2.70-3/10

Australia

2.231

New Zealand

2.70

South Africa

2.79

Belgium

010316

Denmark

1455

Pedder Building,

France

.0023-0/10

West Germany

Holand

2638

.0016

1005

Sweden Switzerland

.0034

2321

PENINSULAR

MIDDLE EAST

2.0814

Iren Iratt

Turkey

03128 2.70-

4378

1

LATIN AMERICA --

0300

The Minister of Economic Affairs, Chang Tse-kal, revealed on Tuesday that the Nationalists are still negullating with Korea Egypt i on ways and means of promoting trade between the two countries.

Mr Chang added that the Na- tionalisis suggested an exten-

Cotton Price on of the trade pact with the

Ryukyu Islands while already having obtained an agreement to |extend the trade pact with Japan. Meanwhile, there are also in- dications tha: Nationalist China might conclude a barter trade treaty with the Philippines.

The Nationalists have made' a the iden La suggestion and and appealing to both eldes, well- informed sources said. United

New York, July 2 Cotton futures declined sharp. by today. After opening changed to 3 points higher the market started to decline and, at the close, losses ranged to around $2 a bale.

As the possian progressed,

Oricans New commission housee joined in the Press. selling movement and rapidly doprossed.

operators

prices

market was

At the close, the down 29 to 40 points at New York and down 28 to 01 polits at New Orleans,

The Commodity: Credit Cor portion reported

that 10-

Mr Siyugoro Kata, one of Japan's most Important rice traders, arrived, in Taipei yer terday to negotiate the purchase possession of cotton from loan of Taiwan's rico production sur-for-the week ending June 26 plus-France-Presse.

Malaya Duties

Increased

Kuala Lumpur, July 2. Import duty on certain totalled 10,000 Ehles agunt brands of tobacco was increased 10,500 bales in the previous by the Fedorpi Legislativo week, leaving net lock of 1951 Counci today. Manufactured crop cotton in Government tobacco imported otherwise than in containere for retail mlo will carry a duty of ive dollars a pound,

Sequel To Indian hands at 382,885 baler.

Cargo Seizure

Prices closed follows:-

Spot July October

Durban, July 2. December

African Sinta- March (1953) The South owned Airways told forwarding Kay Fuy agents today that no corge | october" would be accepted for eventual | December delivery in India or which might

have

today.

40.15 nominal 30.60-30,00 33.00-23.01

30.55 30.01

The $2.50 duty will still apply to manufactured tobaccos which are not to be used for the manu-

Argentina Brazil Bolivia Chile Colombla Cuba Alexieo Peru Uruguay Venezuela

India Pakistan Hongkong Indonesia Singapore Japari

FAR EAST

4023

300 yen to 1631 United Press.

Grain Prices

In Chicago

Chicago, July 2. Prices of grain futures closed today as follows?----

Wheat price per bushel pot July September December

30.24 nominal facture of cigarettes "by power-May

2.10 2203-22024 217-233

Tel. Nos. 36006-9,

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CANTON"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

FRIDAY the 4th July at 5.00 pm. for the UNITED KINGDOM "via Straits, Colombo, Bombay, Aden' and 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, 1952.

SPECIAL NOTE: With the exception of hand packagés carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading. on board by ship's (slinga only, an

Will tako-place on TRIDAY, the 4th July, 1952. between 2:80 p.m. and 4.00 p.m.

235-236) EMBARKATION:

March

-241

2.50.007

driven -mecliandspl means",

Com

34,41

#United· Press,

Spot

by the Spot 2. Customs of Calcutta of a con- July

of molder October

December

NEW ORLEANS MARKET

30.75 90.07-30,70 $5.70 24.54-30.00

30.18 bid.

The Council approved a 20-September cent reduction in the duty on December cut tobacco in containers from March

May $8,70 to $0.50 a pound. It was, hyu also

to proposed

ilcense July cigarette manufacturers

Septembar Ja

Gais Malaya,--Router,

July Septemb

0115-16 New York flour, 203 ib. Bacit. $ta.40 nominal.-United PrтCES,

July

2011-

1.7496-

3.7042-42

2-10 -2.11% 2.111

54.40

› to be transhipped This, it was stated,

recent Falzura,

the

samples signment of sent by air from Durban. for March (1953) eventual transhipment to New May...

Jup Zealand-Reuter.

Dobber December

dway NY Pepper Market

New York, July 1,

Exchange Rates

In the black pepper market "spot black pepper has quoted nt between $1.00-91.67 pound. 1959 Aftonta on the City of Madras

600- 17.30 ... “Busificat “wat “done” In "the" tatal" Dunofficial exchange market. this

morning at the following, referim la

240 216 700 6 3.30 124. dollar (pg (2) were quoted at $1.04, Christine

MISCELLANEOUS

Entertai

ment

Yangiato

16.20

200) 13 2:40 Sterling hate (per £12

Indonesia guilders (per 100), a 23.00 Stam to jper, 100)

200 today Hingapore Ustralia)

ȚIC plantes (per 100)

21.00

12.18

Maorsto $1.00 and President Buchanan Cat 31, a pound.--- United Press.

34.10 bld United Prem

Decision On Tea Ro-Exports

** New Delhi, July 3.

JAPANESE BONDS

London, July 2 Japanese

bonds "A" (48) of 1000) 813,

193 (15 of 1010). 68 The only country excepted to "C" (45. of 1907) 121 Eltoesports from Bri

United States and "D" (50, of 1034) 09-tain to the ***E* (849, of 19343 188% | Canada; will continue to be

prohibited-Fläuter, -United Press.

The Indian Government has decided to allow re-exports of Indian tea from Britain to thự European Continent, BM FINA

⠀

Seeds And Oils

Now York, July 27,

THE

"POST"! TYPHOON

MAP

BUSINESS REGULATION ORDINANCE

Incorporating mand, Copies

1952

of the prescribed.

ments to the Losal Forms 1(a); } (b) and 1 (c),

and

Signal doden, E $5.00.

Unmounted $4.00,

Prices in the seeds and oile market closed unchanged with Mounted the following, uxeoptibus;==

Tung oil, in tank cart, T.O.B. Now York, pór ib, 1926 conts.^4 | Obtainshlo "from:

Floce sood, per bushel, F.O.D. SOUTH CHINA MORNING POST Minneapolis, $3.00%. *. United

HONGKONG and KOWLOON.

·Press.

Now On Sale pt

5.-C. M. Pest, Ltd.

Hongkong and Kowloon TEN CENTS EACH