1952-07-17 — Page 9

་་

MESSAGERIES MARITIMES

MOM

"MEKONG”.

"GRENOBLE"

BIR NÁŘËM”

+"MEKONG"

Arriving

July 19

Aug. 21

Braving

Outward For

July 20 Japan Aux, 20 Kutope

.Jusy

22

July,22

Aug. 10 ABC 18

**FELIX ROUSSEL” .............Aug. 15

*

For passeiger, and freight.

tomewhed vor

N. Afries & Europe N. Afries & Europe Marnelles vid Stairli

+ Freight for Saigon, Alexandria, Tunis, Genoa, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam, & all Mediterranean ports via Marseilles and West Africa by Transhipment. Madagascar by transhipment in Saigon ör Djibouti.

Aubject To Chance Without Notlee.

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

Queen's Building (gr. floor)

EVERETT E

Tel. 26651 (3 lines).

LINES

EVERETT ORIENT LINE

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

"LENEVERETT"

Arrives Sails

July 26 from Manila. July 27 for

"REBEVERETT"

Port

Singapore, Swettenham, Penang, Rangoon

Calcutta.

&

Arrives Aug. 5 from Singapore, Suits

Aug. G for Japan.

(Accepting cargo for transhipment Kobe/Tusan)

EVERETT STAR LINE

Fast cargo and refrigeration spaces available for Koren, Japan, China, Philippines, Indo- China, Slam, Malaya, Ceylon, West Coast Indian and Persian Gulf Porty.

FIRST CLASS PASSENGER ACCOMMODATION M.S. "NORDSTJERNAN”

Londing July 21 Safts

Osaka. Shimizu &

July 22 for Kobe,

Nagoya, Yokohama. (Accepting cargo for transhipment Robe/Püsari)

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

New Shipping GRAINS IN

Service To

CHICAGO

South Africa GO LOWER

New York, July 16. The Pacifle South Aftita. Line

is starting operations in

Chicago, July 10. Wheat futures generally were Sep-lower today at the start on the tember with two modern vessels Board of Trade. Corn also was eft a Ile and oats were about stendy.

to serve trade between the Unil ed States Pacific Coast and South African ports, the owners anhounced today.

Scattered rains were reported

in parts of the Spring wheat and the corn growing areas.

The motorships Mattawunga

Export news in wheat is ex- and Boblongena start loading pected this week, but none has late in August or early in Sep-been reported thus far. tember.

Wheat opened 4 ccnt lower company is partly to a higher than the previous The new owned by the Trans-Atlantic close.

$2.28-27% Steamship Co., Ltd., of Gothen- July burg, Sweden, In partnership

lower to $1.81% were lower to 5

July

$773% Scybeans were 1⁄2 higher. July

$3.203-3.27 * ན་མཾ ཡཾ ༤-

Associated Press.

with the Pacific Orient Express higher. Line,

Corn

was

July

The latter is serving trade between the Philippines, Hong-higher. kong and Japan-United Press.

Cats

Higher Trend

In Cotton

New York, July 10, Cotton firufes operied stediy today on a rush of trade buying orders and short covering.

LONDON TIN

MARKET

London, July 16. The tin market was easier this morning with turnover of 00 tons, all for forwarif positions, Gains extended to 70 cents a

Before the market reacted Prices closed at the end of the

morning scsslen newhat from the day's best oficial

follows:... levels on increased hedging and Spot 1th, buyers

Spot. Un, sellers some proft-taking.

Most of the activity centred in Business, done at nearby madriths with the buying Three-months th, buyers attributed primarily to mill ac-usiness done, at count.

The belter outlook for tex- tightness in supply of

Three-months un, sellers

Baitlement

0701

United Prest.

THE CHINA MAIL, THURSDAY, JULY 17, 1952.

Tariffs Pact ·

Japan And The Expansion Of Foreign

Trade Necessity For

the

Tokyo, July 16, The Japanese Cabinet has decided to apply for membership in the General Arreement on Trado and Tariffs in the very bear ruture, needtler 16 the Forclen Olte

Press reperla na the Is Japanese Gavernment ppplying around' July 20 throdth flo Јарапеве

Chibi-Genetal at Geneva.

tenter,

Growing U.S. Oil Industry

Japan, Envoy Says

New York, July 16.

The Japanese Ambassador, Eikichi Araki,

said today that Japan's economy rests on expan Huge Sugar

sion of her foreign trade.

In a special message to the Journal of Com merec in connection, with the introduction of d full page devoted to Japan, Mr Araki thanked America for assistance which enabled his country to effect steady improvement sihce the end of World War II-

Mr. Aralti added, however, that with her popula tion of 84,000,000 in" a mountainõus land smaller than the State of California, and with her limited hatural ofresburces, Japan's economy and existence is solely de-. pendent upon expansion of her foreign trade in fair and reasonable ways."

23

Jackson, Miss. Few persons think Mississippi as uit oll State.

However, In the short 12 and a half years since the discovery of the first well in Mississippi work hard with the hope of South and

"Japanese people are willing one of a group of countries in South-EdA Asla has grown to n Industry

necessary $50,000,000 a year business. In obtaining

raw which may be considered to be materints for their work and of economically under developed addition, 5.000 residents foredrding access to rendy markets with agriculture and raw me "pror State" arc employed

for their products," Mr Araki terial resources bensiituting the directly in the oil and gas in-

said. He added that Japan is basis for their economies. dustry.

giving close attention to quality,

In these coun'es indus price, and fair trade practices

trialisation, is only now in th in an effort to goih

more fancy with the resultant lack favourable market,

de mujer problems relating to "Furthermore, It is the hope business practices in the in of Japan that in close assoli dutrial held. Wille restrictive tion with the Democratic countries of the world she will schemes relating to the be able to contributo

Uuction of raw materials have toward developing the free nations of

been adopts, these have Asia, furthering the welfare of benent do local economy, rather been viewed as of the people in these countries,"

The Journal daily devotes than practices agains! which countries, in-governmental measures should pages to various cluding West Germany, and will be taken, have

one page weekly ex- clusively on Japan-Associated Press,

$15.- They cam more than 000,000 a year. The industry hus four processing plants Yu720 City, Laurel, Brook- baven and „Natchez,

I 1939 n entlege geology fluent persuaded drlilers to test on arva he hall marked

KAL,

pro-

SCRAMBLE FOR LEASES

Mississippi had had

wells before ducing gas

but the first producing oil well Wis brought in on Aug. 29, 1939. There followed a wild teramble for oil leases and at no time in 1940 there were us many as 68 geophysical crews In the State in one month. In less

than four months the acreage under lease was doubled lo 7,000,000 acres.

A

JÁTAN'S CARTELS

Wathlhgton, July 1b.

Surplus In World Markets

ROYAL

"YAK IKUTLAR

"TJIKAMPEK"

"TJIWANGI

July

July

Aug.

"DOISSEVAIN* LAUS. "TJITJALENGKAN AGI.

·ThAAT DANKñ· hor

TIKUANE"

"THLUWAS

"VAN HEUTEZ "STRAAT

MAKARSK

"TJIWANGT

TJPONDOE"

"BOISSKVAIN"

Aut. Ans. 1

Aug. 10

adt. 21

stpr Sept.

Bett. 1 Sept. 9

“KJIRÀNFEÉ”

"TEGELBENO“ "TJIWANGF

Gept, 14 Dept, ES

Oct.

Bet.

Ď

7:MAKABBABY

dět. iz

Oct.

10

öct.

*STRAAT "FJMODAS""

"TJILUWAH”

VAN BEUTSZ"

London. Although Brita Bill | has to suffer all the im- pedimenta of sugar ration- ing, the surplus in the world market this season is so Lirge as to be embarrass | "TJIWANGI" ing.

Paro

TERO

DINES

Surabais

kajakarta,

Hingapore.

Macau

Djakarta, Harabala-k-MacasSSE

Bemarang

Moma Tanga, Zanzibar,

American colle

Burabain Macar

Singapore,

Djakarta, BEMATADE,

Burabaik & dět

Singapore, Pindig a Baldwin peit

Japan

singapore. Djakarta,

Surabala & Alacakkip:”

Djakarta,

Mini

Burabola zailak

Betmarang,

Bemarang,

Blágapūrāj. Mauritius,

9. Atries 8. America Singapore, Djakarta, Semarang mu Jūrabala & Macassar- Djakarta, zlikdan, damarade

Sulubala # Macázar

Bingapore, járt.

Surabala, M. Blapartar Mantia,

Blagapore

B. Africă # B. Lăsarică Djakarta, Tiltpbon Semaran

Butka átmekskär

Singapur Diatartai

Beifarah.

Burabala 4 Atacassar Singapore, Penang 2 Beltran beil

Krom

ARKIVÁLA

"VAN HEDTRZ"

TJIKAMPER "BOISSEVÄÍN”

Jutt

July

Fully

TJIBADANE"

Aug.

Aur.

At the meeting of the Inter- national Sugde Caunell In London, supplies for the free carrALEṚORA”. non-breferential)

in. market 1051-32 were estinated .b? 7,333,000 metric tons compared with

requirements öl dinly 40,000 tons.

The surplus of 2,305,000 tons will be held by producers, or more accurately by one pro- ducer-Cuba.

It is therefore not surprising that the Council has decided to continué its Study of a new international agreement.

as

"Accompanying or perhaps In part occasioning the drive, for The existing agreemëht economic development Has been been in operation since May 6, the powerful stimulus of nation- 1937, but no expert quote have ullsm. These twin fores have been in force since the end of resulted

from matly causes the war. As these quotis werd Including

development of areas could hardly be applied now uver, which control has been without drastic amendment. exercised for many decades by highly industrialized countries,

Western

on worldwide cartels, discussing Japan, reviewed the economli history of the country stilee Conimodore Perry visited there Then, with rapid decline and the later rise of the Zaibatsu,

The special committee set up ta the number of producers- A number of industrial or-

by the couneli to work out the brought in, the industry sobered gunizations were formed

hew "Consequently, there. 15 in September; and if by then it agreement, is to meet agdin up and

settled down to sys-Japan before the end of the 19th strong determination to tele- tematic exploration. The years century, the principal one at that scope economic development

has concluded its work the coun. 1041 and 1012 were discourag-

time being the Colton Spinners into

cil will ask the United Nations comparatively short ing but in 1943 the finx was Association,

tegretanal to convene af inter- After the Russo period of time, in an effort to national sugar conference broken.

Japanese war

number of catch up industrially with the cartela

were formed primarily Western world. To accompitch governments of these the sugar, railway, equip his the ment, flour, paper and cardboard countries felt that it was neces- industries. Depressed conditions sary to exercise varying degreta sent surfeit

The Brookhaven field Was olscovered

of tha in March year and that precipitated the discovery

of fleld after field until in 1944, 72 wildcats were drilled and mine new felds were

ini

churin

discovered-a record of only eight wildcats for each new field. MANÝ OPERATORS Today, more than 80 inden pendent operaters tuid 18 major companies are active in Mesis- sippi end the State contains more than 1,000 producing wells, In 1950, 38,230,098 barrels of oil were produced in addition to Immense qualities of natural Another trail-blazing project is under way this year. Gulf Re- fining Company's seismic survey of 200,000 acrce in coastal

waters is expected to be the forerunner to Mississippi's first off-dliore well,

The State's legislators ni- ready are talking about new roads and schools which they hope to pay for from revenue which would come from the off- shore field United Press,

Reparations Talks To Resume?

Tokyo, Juy 16.

in 1031, induced the

this period

market

KING

» SEN 3.

Djšati. Böttinfint, quiadala

MATHENAGLE

B. Arties, Blauřtilus & sinspira Jaban

Ahofles. 4. Atilëà, Maurtunë, singapore & Sianita

.America; 2

Mauritius & Bingapore

Japan

MAERSK LINE

FAST FORTNIGHT LY SERVICE TO!

Attical

NEW YORK, BOSTON, BALTIMORE A PHILADELPHIA VIK SAN FRÁNUISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "ULGÀ MAERSK”.

M.S.

"JEPPESEN, MAERSK”

M.B.

"HULDA MAERSK”

M.S.

TREIN MAERSH",

of Aligat for it

M.B. PETER MAERSK"

M.S. "NICOLINE MAERSK"

Cuba is country which is

the buffering most from the pres

Its crop

this season has hmounted to at least 64 million, tons, or I mullion tons more than it expected.

it has already decided to set

has agreed to stockpile up to 2 million tons of sugar which it intends to sell alongside eur. rent crops over the next four years.

nt the end of the 1920's, coupled

fer of control over their ecctiomies supplies the largest quantity with the development of expan- all

In allocating their available to the free múrket. sionist foreign policy, which had sources to most urgent needs. had Reliance has not be placed its initial repercussion In the

competition and invasion and conquest of Man primarily on

forces to bring this Government to intervene more. about."

The report sald that in the actively in the economy.

The first major law passed Philippines provisions apple-up a strigle selling, agency and during

which able to monopoly and cartel competitive economic prdelleez were cominined In ffected development was the major in Article 180 of the revised dustries' control law. With the Penal Code which was Cructed occurrence of the China Incident on January 1, 1932-United the Government began. to Press. exercise even greater controls over economy, By 1941 even more far-reaching control was considered necessary and the National General Mobilisation Law was passed under which the Government was enabled to bring about far-reaching changes. In the organisation and structure of the Japanese eesaçmy.

The report said that during the Occupation SCAP adopted a Humber of economic ma- surca,

TOO EARLY

in

HONGKONG

SHARE

MARKET

Production next season is to

bs reduced to 5 million tons..

These are clearly ¿m2f2ebch measures until a new interna- tional agreement is put into force, for Cuba cannot hope to gain di lihtkral --Erop restriction over any period of time.

is the The Irony of it all. simple fact that if Cubs were willing to accept Sterling,,it bould dispose of a substantial (From Our Correspondent) | part of its stocks to Britain.

It cald, "It is the consensus of most observers that the res

Cements, Dairy Farms, Elec- ponse of the Japanese business trics and Watsons were all in community, the Japanese Gov- demand on the Stock Exchange

this marring; total Qation-

turnover One $320,160.50. Noon quota- to decones and the morning's trans- tightly-held nctions:-

crnment Белств

and the

to sponsered measures centrato' the business structure of Japan and prohibit practices

restrictive business banES BUYERS BELLENS BÅLES

was acquiescent

rather than favourable."

:

largely invernment move is lines proposed by the Govern-

to pave the way for a rapid resumption of diplomatic relations between Japan and a majority of the Asian nations.

in their

ANKS

HK Dank...

101463

Fast Asia...

INSURANCES

Canton

230

740

20 0745

350

. I Fire

130

1.65

It was too early to forecast how The Japanese Government is far the re-emergence of major

User now prepared to take the in- monopolies and cartels woul

Underweitä to solve the long-actually priccel The Liberal itiative suspended.

talks Party, which reparations

controlled the SHIPPING

formed the

Asia Nuv with the Philippines, Indonesia Lower House and

DOCKS, ETC. and other claimant nations, ac- Government, had in general ex-

K. Whart cording to highly reliable quar- pressed its interest in an!!- monopoly legislation along the ters here today.

N..F. Wharf 5.20 Back This

thujor political

Fiuvidělit.15.50 ment. Olet

Wheelock 0 4214 parties of Japan. Including the Progressives and the Socialists,

LAND, ETC. had expressed either

KH Hotel Party platforms or in the course Lis Land ... 445. of thelf criticisms of Government The well-informed evening

(Bonds) newspaper Tokyo Shimbun rapolletes the desirability of natis ported that the Foreign live dance to mall and medium-sized ter, Katsuo Okazaki, is drafting, business through better material high allocation procedures that would in consultation

treatment to sich equitable give Ministry officials and Foreign

irms. advisers, d Vasić polley himed at

"The position taken by these adjusting Japan's diplomatic re-

political parties, however; ap Iations with Asian nations,

be motivated if the fears to

hain by a destro to obtain the support of large tumbers of voters engaget in, amall-scale business-an overwhelming ma

Orma Jortty

of individual

small Japan is classified tud medium size-rather than cons CETTI ON

the Over

pere, The concern of the political partic; STOJUS, ETC. in Japan the difficililes, of

The evening paper said that Mr Okazaki intends to complete the adjustment by March, cext year with Initial tops begin- fing September this year, France-Freest

Aid For Formosa

Bhai Land 1.30 Humphrey's UTITIES

Tran

Peak Tram

Sing Ferry

500

ib

* 200

100

One Million Million

Tractors

ARRIVALS FROM U.S.A.

July 18 July 30

Aug. 16

Abg.

Aug. 11

Aug. 29

For Freight and Further Particulars please apply to:-

AGENTS:

JEESEN & CO.

Pedder Buliding.

Viet Nam

Show

Tel. Nos. 38066-9..

Exports Big Increase War Despite The

Hanoi, July 16.

The fledgling State of Viet Nam - alongside. the French Union-is warting against the Communist-led Viet Minh in Indo-China but that is not stopping a steady rise in exports. E

Figures Just released show Viet Nam shipped 142 per cent more products to the outside world in 1961 thait In the preceding year. •

Rubber alübe accounted for dipheng; In übrthedeteta Indo 50 per cent of the total value. CH, Boosted its production to of exporta. Rubber shipments 204,000 tons in 1981, comparta

than with 137,000 in 1930. with a

Made In Years listed it more

Paris, July 18. Che million tictors were made in the world in 1951,

The figure is reported by the international Federation

tons, timpdred 1939 High of 09,000.

The French Unji

elpal rubber Buyers.

Military needs and new cost- struction projects in Iaub Chinay and the absorbed the major part of the

phin-bitput, but there was a

derable export to Japan.

Over-all, the ports or Vict

United States were the

Ried ports from Vlot Nam

the

com

reached 203,544 tons in 1931, | Nuti exported 073,808 tine di: | Agricultural Producers, which compared with 123,000 in 1950 product in 1951 comporda

Xrdin 11.30 adds that more than half the leo shipments

all of wilt $55,000

preceding fonilg dumber were produced in the Indo-China may exceed 500,000 vedr. d the last 10 United States...

toas this year. The exports in Välup, or exports has misch 1080 were 1,000,000 tons.

from 1,000,000,0bo Indo-Chinese IFAP, quoting from á United

West plasters to 2,500,000,000. French: possessions Án Nallons'. study 6 North Africa took most of Viet Nitm's Viet Namese economists said 44% America has more than two-frien.exports. Other henvy ship- |

exporia relected 64 thirds of the world tractor neet ments want to Hongkong, while it ans only 18 per cent of Singapore, Indonesia and West the world's arable land. Latih Germany 1910 500 6100 America, Aslb; and Afrien ov

brid

COAL MINING

brense in commerce, in Litditor of Viet Nam where preduction blong all lines a belig speeded up as fast as arch is clearea of Com inist less than five per cent of the

dctors in the

but He

Viet Nam tipped 80,000 tonic Viet Minh and pa

in completed. count for nearly half of the

ated $5.70

shows. world's arable land, the study corn lii 1031, valued at 103,- Europe has bbout 25000,000 Indo-Chinese- plasters irt compared with 40,000 tons 225 percent of the world tractor 1050 Frdice and West Ger- 3500 24.00 feet and 32 per cent or the marit got indst of these, whip

DOG

© List (0) 8,65 - 835 1000

C. Light (N) 635 5.00 Meckle • 2100 2880 1000

.

21.70

Telephonsé 17,80 INDUSTRUALS .or Coatient.

world's arable land.

mette

600

10.00

has

3000

The United Kingdom

• The year 1881 albo saw more tractors per acre than dhy considertible speed

of.. small businpofitivo stutus

בריזז

ties and the induced Exchange Rates The US. Tapel, July 1, dan over in this spparente

the demand for contracte.

Mid-morning prices were 10

to 40 conta a balo higher thin

the previous close.

October

December

March

up of 17.10 other country to the world, the mechanization of the big

700 11.20 mccording to the study. It has hal things along Ule Glitter

one tractor for every Todki: northeastern Ind 10.90 1900 18.00 hectares of arable land. Swit

500 18.30 2erland, New Zealdad

télet,

These mines exported 208,000-

Rubber Futures

In S'pore

Singapore, July 10. Prices in rubber futures

Nuhbat rubber, per iniz

CAUTIAL,

Sepilli:be October plasters, Number 3 rubber, August

290 € 18.00 Statca the Netherland United | China, In” the Hon. Gdy. His closed today ;ak: followe News500 10,10d. Western, Tesla, has one tons of cral, valuod at 07,0902 | Number 1 rubler, Alimist.

..... Base Agenty sald today that M.S.Adly not based upon their privle Business was stone in the local fitaficed oods worth almost

ilon that monopolles and ปริ

tive, business praedecs per official, exchange market

$6,000,000 arrived in Formosa frorning at the following vratesiaal

would jeopardso the welfare. 6:475 during June 18.78

This brought the #bihi sinte of the milon as a whole, the COTTONS the beginning of this year to report mld.

Discussing the Philippines the over $58,000,000. Associated

report said, "The Philippines la Press.

“15,B, dollar (per B1)jak.

Indonesia quliders (pec:100)... 2,0

30.80

Sterling note (per 41)

30.59

30.49

Slam Icale (per-100)) Singapore (Straits) '

-Associated Press,,

FIC piastres (per 100).

Bweden Germany follow

In that order. tractor per 400 hectares of 000 ado-Chinese seable land and In, the Fafapari got 20 per cent of the Yumber rubber August East, there is tae tractor for coal exports.

big French-controlled No. 1 pale crepe The

Watson

13000 021.00

Car Criwined 23

s'n'

SIISCELLANEOU

"Yanglaze Navi

10 1000 ma

| every ·"13,000-hectares. There

Spot Hubber, unbajed Blanket crops

2000 3.05

are 2.6, actos in one hectare. cement plant, at the Port of

100-114

United

TRANKE