1952-08-04 — Page 9

THE CHINA MAIL, MONDAY, AUGUST 4, 1952.

Page:

MESSAGERIES MARITIMES A FAR

FAR BETTER

BETTER OUTLOOK ROYAL INTEROCEAN LINES MOM

"GRENOBLE" "FALAISE"

Outward For

Arriving Leaving,

Лик. 21 Sept. .Sept. 10

1

Europ

Bept. $1

Europe

•

| KEEZE Aug. 10 "MEKONG" Hongkon. At dễ *"FELIX ROUBBEL" ....Aug. +"COURSEULLES".....Sept.

• For passenger and freight.

11 J

Homeward For

Aug. it Aug. 11. Africa & Europe

Aug. 10 Marseilles via Marilla Rept. N. Africa & Europe

1 For freight to Saigon, Algiers, Oran, Tangier, Casablanca, Havre,

Dunkirk, Antwerp & Rotterdam,

Accepting cargo:

-via Marseilles to all Mediterranean & West Africa Ports.

via Djibouti to Madagascar.

Bubject To Change Wilbont Notice.

CIE DES MESSAGERIES MARITIMES

P.O. Box 53, Hongkong

Queen's Building (gr. floor)

Tel. 26651 (3 lines),

EVERETT E LINES

EVERETT ORIENT LINE Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-China, Siam, Malaya, Burma and East Copst Indian Porta.

"REBEVERETT"

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

"BRADEVERETT"

Arrives Aug. 12 from Manila..

Singapore, Port Aug. 13 for 'Sails

Penang, *Swettenham,

Rangoon & Calcutta. (Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)

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 Porte, FIRST CLASS PASSENGER ACCOMMODATION M.S. "STAR ALCYONE"

Arrives

Solls

Aug.

4 from Kakinado.

Aug. 4 for Kobe, Osaka

M.S. "THAI”

Arrives

Sails

Yokohama,

Aug. 9 from Philippines,

&

Aug. 10 for Kobe and Yokohama,

M.S. "NORDSTJERNAN“

Aug. 15 from Japan. Aug. 10

Arrives salls

for Singapore, Madras, Colombo, Bomboy, Karachi, Khorramshahr & Basrah. (Accepting cares for transhipment Kobe/Pusan and Kobe/Okinawa)

EVERETT STEAMSHIP CORPORATION ́S/A Queen's Building, Telephono 31206.

Chinese Department: Telephone 28293.

Aircraft Industry In U.S. Builds Up

A Record

Backlog

Washington, Aug. 3.

The U.S. aircraft industry has built up a record- breaking $473,000,000 backlog in domestic and foreign orders for commercial transports, the Aircraft Industries Association (AIA) said.

An AIA survey showed that 456 transports, more than a third as many as are currently operated by U.S. airlines, are on order from four U.S. manufacturers of commercial flight equipment.

"The more aircraft the air-will be capable of doubling their lines have, the greater reserve potential contribution to national the milliary has," ATA President defence, E. S. Land sold in a prepared

"No' lenger is there any danger stitement about the survey.

Within the next two years it that the United States may is probable, considering the develop a first-rate combat air planes now on order by the air-force supported by second-rate ilnes, that the scheduled airlines transports."

The new transports, represent- ing about 21,000,000 pounds of aireraft, are due for the most

1934.

US airlings will go 205 af them, fanel lines 100. and private organisations the remain- lg dive

Chancellor Of Exchequer's Optimism

Indian Coal For Japan

New Delhi, Aug. 3 The Government of In-

of

dia has fixed a quola 1,000,000 tons of cost for export to Japan during 1052, an official spokesman announced in Parlament.

India exported 132,917 tops of coal to Japan dur- ing the scal year ending March 31, 1951, he added. Associated Press.

U.S. COTTON

PRICE SUPPORTS

Washington, Aug. 3. The Government's price-sup-

this port for cotton produced

year will average 30.91 cents a pound, the Agriculture Depart ment announces.

The support price is based on! the August 1 parity price of 34.3 cents a pound for Middling 1/4 Inch Upland cotton.

The Department previously

Announced announceu had

that cotton would be supported at 90 per cent. of parity, the price de signed to give the farmer a fair return for what he sells in re lotion to what he has to buy

Last year, the average sup- port price for Middling %. Inch cation was 30.40 cents pound

for The 1952 average rate Middling 15/10 inch cotton will 31.90 cents a pound. Tho be

according rate will

Vary location,

froin ranging cents in Arizona and California to 32.

32.04 cents in the mill area of the Carolinas,

to

But Much Yet To Be Done Before Reaching Objective

(FROM OUR OWN CORRESPONDENT)

London, Aug. 3.

The nation last week was keyed up to hear important news regard. ing measures the Government proposed to deal with the chronic balance of payments problem. Brave decisions had been confidently predicted.

Mr R A. Butler, Chancellor of the In the event, however, Exchequer, had very little to announce in the way of new measures.

There will be, he said, "a new pattern of defence effort" which will "Umit the demands made by defence on the engineering industries in the near future.”

main task that of The balance of payments will The

war planning ahead for the time bencât by this but the

when we have achieved a balarice potential is not to suffer.

day gave and need to begin accumulating Mr Churchill next official confirmallon to a view greater gold reserves-is to be which is rapidly gaining ground. left to the Commonwealth Prime

21 There can be no assurance, in London toward the end of the

Ministera' economic conference

FOREIGN TRADE OF PORTUGAL

be said," of lesting

firin ccunomie year. strength without

It is too early yet to say what pro- foundation and no defence gramme can stand without the course this conference is likely that carry it to take but we do know economic resources to through. The defence

"the whole system of Imperial pro-

gramme must be kept within the Preferences will comic under Colonies Take Most

review.

The question of convertibility which a working for Sterling, party set up by the lost Common- wealth economie conference has

seas only been studying, will presumably

also be discussed..

But much more remains to be done before that objective, is reached.

Strength," limits of coonomic our The Socialist Government, ho £4,700 said,

planned to spend million on defence in three years. In the first year, 1851, actual expenditure amounted to only £1,132 million compared with the programme Sgure of £1,250.

This

the Government year expects to spend £1,462 militon against the forecast of £1,531 million made by their pre- decessors.

firm

STOCK EXCHANGE The Stock Exchange, which was quietly

before the debate, showed some relict when promised new measures the proved less serious than some expected.

Of Exports

Lisbon, Ang. 3. Although Portugal's over. territories provided 13.4 per cent of her imports during the first four months of this year (second vily to the United States, which provides 15.9 per cent), they led by a long head in the field of exports from the mother country with 26.1 per cent.

per cent, and Great 31.16

Premiums and discounts for various grade and staple length combinations wil be calculated on the basle of the rate of Middling 15/16 inch cotton. Associated Press.

World Crop

Prospects Predictions

NOT FAE SHORT Had the programme not been down and considerably slowed extended into the fourth year the total bill for these three years would have been far above the original £4,700 million.

Actually, the Prime Minister pointed out, on present decisions and calculations the Government and their predecessore, allowing for the price increase which has been continuous, will have spent In the

a sum "not three

years far short"

of the £4,700 million proposed. originally

Allowing for the time lag on the one hand and the increase of costs on the other, the Govern ment will in four years spend more on re-equipment than was proposed by the Socialist Govern- ment for three.

in

many

But the improvements in types of

will have enabled weapons

practical

economies and reductions

to be made in the original programme, with Rome, Aug. 3.

positive increase in war power..

Broadly of world crop Predictions

speaking, Mr Churchill the Government's prospects for 1961-52 have been explained, made by the United Nations Food decisions will "alter the pattern and Agriculture Organisation of defence production in a way which will ilmit ita demands on They are listed below:

Grains--A slight increase over the engineering industry-and-in

free last year.

in coarse grabs a the coming year set

valuable part of its capacity for slight reduction is expected.

Of expansion

our civil Rice-a considerable guin in the production may be shown if the exports." widespread crop fallures of the last two seasons are not repeated, Sugar-A world record crop nay be harvested this year. More han likely last year's record production will be reached.

Livestock products Meat and dairy products will have about

the same output as last year.

Fisheries products-There will be an increase in the catch be cause

the outlook is improved.

In-

the

erease and may surpass 1949-50 record.

Tobacco An lacrease is pected.

Cotton-A considerable P30- duction increase is predicted.

IMPORT CUTS But he could not estimate how much the balance of payments will benefit by these decisions,

So far as the other side of the balance of payments is concerned the Government has decided, despite the obvious dangers, to make a further cut in our ports.

of last year.

But conditions remained quiet throughout the remainder of the week, due to the approaching holidays, and business was at a low ebb.

Industrials were cheered by the news that more steel would be available to tt engineering in- dustries.

Git-edged remained steady and the view Is takeri that this market is due for improvement.

The foreign bond-markat again stole the limelight--this time on. an announcement of the distribu- tion of Rumanian and other

Beseta in this country, foreign

In commodity shares, oils were In demand.

were a Coppers

guld shares good market and made further headway, largely on Continental demand.

US Lifts Controls

On Cheese

Imports

The United States was second in the export field, taking 16.2 Britain third with 13.7 per cent.

Іп 5 breakdown of the general Agures just released, it is shown that the United King- dom led in the field of vehi- cles, selling 25,604,000 Escudoy worth of motor-cars, 24,004,000 Escudos worth of lorries

Escudbe

13,695,000 other vehicles"

worth

Staics -led-in The United other fields, sending 53,313,000 Escudos worth of wheat, and 1,103,000 Excudos worth of

tobacco.

"BOISERVAINT "TITJALENGK47 *STRAAT BANKA”

*TJIBADANKY -TRBODAS”

"TJILUWAIT"

"VAN DECREM "THIWANGI

GAILING STO

AW

Aug.

#

A

AUS. Aug. 11

Apg. 20

Aug. 21

Bopt.

MAKARSAD” *TJIPONDOR

Hopt.

Sept.

Bipt.

Sept. 15 Dept.

"STRAAT.

*DOISSEVAIN"

"TASMAN" "TJILUPPAI"

"THISADANE" *TIKAMPEK"

"TEGELBERO" "TJIWANGI”

“VAN HEUTSZ" "STUAAT

MAKABBAR", "TJPANASB"

"TIROPAS"

"TIILUWAR* "THWANOP

"ROISSEVAIN”. "STRAAT BANKA" #TJITJALENGKA"

TJISADANETM

“TIJLUWAR*

"VAN DEUISZ”

Sept. Hept. 25

Bapt. 29

Oct.

Oct.

Oct. #

Och 10

Nov. 2

*

Japan Evia atanita) pa ginsapors," atsūtījos §. Attca,

#*#!/America'

Delawan Dell, Ringapore, Penang, Mombasa, Tang, Zanzibar, Dares-Balaam, 8. Africa & 8. America

Mania, Djakarta,

Зарап

Diskaria,

Tlirebon,

Marabala Macassar

Bingapore, Djakarta,

Burabija & Macanar

Bombarang,

Bemarang,

Singapore, Penang & Relawan Doll Singapore, Djakarta, Semarang.

Borbála Alacanzar

Japan

Djakarta, Tilrebon,

Surubala & Macaksar

Bomitans,

Manila, singapore, Mauritius,

6. Africa & 6; America

Гарал

$ianpore, Djakarta, Semarang.

Burábala & Macassar

Bingapore, Penang Belawan Del Diskarta, Tiirebon, Samarabg,

Bgrabeln & Maesesar

kapao

Singapore, 'Djakarta, Bemarang.

Butabala 'MxCasin

Blugapore, Pesorg & Belawan Dell RIANUS, Singapore, Mauritiu,

# Africa & 8. America

Зарад

Diskartą, Tilrebon, REMATADE

"Burkbala e Macassar

Blogapore, Djakarta, Semarang,

Surabala deðlarmsyar

Singapore,

Djakarta,

Burakala Macassar

From

ARRIVALS

In Port

Aur. ARE.

495 32

Semarang,

8. America, H, Africa, Mauritius,

& Bingspore Japan

Japan #Americs,"

*

A B

Mauritius de Bingapore Масаваят,

Africa,

Aurabala, Semarang, Dļakarta & Bingapore

sux. 20

Japan

KING'S BUILDING, Ground Floor,

TEL. 28015/18.

CHINESE AGENTS: 82 CONNAUGHT RD, C. TELS. 31196, 25133

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA vis BAN FRANCISCO, LOS ANGELES AND PANAMA

NEXT SAILINGS

and of

M.S. "HULDA MAERSK”.

M.S. TREIN MAERSK".

M.S.

"PETER MAERSK"

M.S.

"TREIN MAERSK”

M.S.

PETER MAERSK

Switzerland led in the field of medical supplies with 16,277,- 200 Escudon weath, and Go

sale many In the

of 0.810, 000 Escudos worth of fron and strct.

WOLFRAM ORE

ARRIVALS FROM U.S.A.

M.S. "NICOLINE MAERSK"

Sept. 2

Aug. 16

Sept. 16

Aug.

Aug. 30

7. Aug. 10

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

In the export field from Por- tugal the United Kingdom led the wine-purchasing dist with Pedder Building. 28,648,000 Escudos worth, im-

mast paried the

turpentine (502,000-Escudos-worth) -the- most resin (4,071,000 Escudos

worth)

And

the most manutze-

tured cork (1,980,000 Escudos).

The United

best

States

was "the

customer tured cork (17,870,000 Madeira embroidery (17,009,000 New York, Aug. 3.

Escudos) and wolfram

(670 European cheese lovers in the tons). The United Kingdom was US are eagerly awaiting new second in the wolfram market, shipments,

now that the purchasing 300 tons. Government has lied apparecently publisher, show

Quotas for the month of May, thot controls a sme verisites and

Greece had the eased controls on others.

largest sisal Escudos), and quota (75,000 Sweden the chief manganese quota of 2,000 tons.-Associated

Most foreign cheese has been scarce, if avadable at all, fol- lowing a year of restrictions. But Americans will not

Jimeea

have

Gay

Press,

Progress In US Textile

Industry

Tel. Nos. 36066-9.

Fewer American

Passenger, Cargo

Ships In Service

Washington, Aug. 3. The National Federation of American Shipowners said America's overall active cargo and passenger- carrying fleet has dropped 28 per cent since the beginning of the year.

The Federation attributed this to declining foreign aid exports and the building of only one merchant ship for private enterprise during the six months period.

The

Research Federation's Department in a special mid- year study of the situation re ported these facts:-

Reet com-

1. On July 1 the total active freighter and passenger amounted to 1,098 ships pared to 1,520 on January 1.

Most of this decline was in Government-owned ships

commented The Federation that this points up the acute shortage of this type of ship in the event of another WET.--As- sociated Press.

Commercial

éporated by private வீyping Motor Show

lines.

The number of these vessels

In London

Imports of unrationed goods of increased ontching | will" fall in the second half of capacities of various countries. this year by about 25 per cent Fats and oils An increase compared with the second half in production is expected.

to wait long for some of their Fruit-An increase in citrus

Some raw material imports, favourites. Trade resources fruit production is expected and chiefly

French dried chiefly paper and puto, will also limitest quantities of increase in a moderate

of Roquefort have reduced, and imports

atrived and Guit is forecast.,

manufactured goods other than that France expects to ship Coffee-An increase in pro- machinery and defence supplics- two million pounds before next duction

tion is forecast. It is thought will also fail.

Roquefort imports able the low point in Brazi-

about 1.3 million As a result, stocks of imported possible

1048-30 lian output has been passed and food and raw materials will be pounds a year in the

Tea Expansion of tea area in run down to their end of 1951 period.

Icve

Shipments of Swiss cheese, arcas indicates ample

For the rest, certain day-to-on which controls were lifted, day administrative action is to had been stored in wirchpuses taken to enable exporters of in New York, awalling the re- bd

New York, Aug. 3. trado capital goods to extend longer moval of regulations,

Continuing progress is noted ex-credit; preference will continue to sources said. They added, how-

shortage be given in raw material alloca- ever, that

s'number' of textile lines 40 tion to exporting Industries. veloped in Switzerland.

States, despite which in the United WAGES AND PROFTIS

may limit futuro dhipments to some price, increases. The housing drive is to con- about the same quantly which Prices have been boosted a world carryover in very

tinue, though a a larger phare of was permitted under controls. hit on some rayon, cotton and i-Production

will in-building output will go to in- Gruyere imports may be simi-wool gods.

Bemberg Jarly

big American restricted, these cources

Tip crease alightly, but the total dustry next year, and economies

Corp, announced a 10 per cent dropped from. 678 to 207. Increase in the price Its Privately-owned active ships supply is expected to be below will be sought wherever possible, shid.

Finally, workers are asked to Other Earropean cheeses the previous year. This la be- cauce governmental stocks which exercise "megration" in wage, which have been decontrolled fament path. The announce dropped from 842 tr 831.

2. At the present time there for as profis

A, T. Lennox-Boyd, Include: Italy's Bek Paeso, and the meas, rayon ders ter were released in previous years demands and, so

are concerned, the Government have been exhausted.

cargo, combination or passen Aviation, formerly Minister of Hard fibres—A significant in-policy "should ensure that there Ricotta, Greece's Felta, France's sorted some darle prico An- is not a single ocean-going dry Minister of Transport and Civil

Brio and Camembert,

creases made in the past few England'A STROD OF hay một with no bonsai Vasel an onder or under State for the Colonies, will pers erenso in output of hard abres will be reasonable restraint

realgiance. Rayon yarts makers construction for reglatry under form the opening ceremony distribution" te abere-Stilton and Norway's Cletost. their la expected.

Loreign On other

· cheeses,

the US fing... they have taken substantial

the Commercial Motor Show Jute The

import "qualas still

orders for deliveries Provided no now adverse however,

Friday, September 26.

Even of this early stage near- bigger than will be much holders.

expanded somewhat on Blue, if conditions, continge favour-factors arise and the Govern-apply although they have been th

The price of the pace ceting

have Foreign shipyards are doing iy 1,000 overseas buyers. ble, and may even exceed the ment carry through to their Fdam and Goudo. Other con

the strict rolled cheeses

80 square print cloth is now logical conclusion pre-war average.

include

mich Botter: There is building informed the Society that they 2014 cents a yard, upa around Forest products-Sawnwood measures they have adopted. famous Italian specialities na

or on order for registry under will be attending the Show, 12 cent

weeks, and a full Awo

continues un October and wood pulp production is Butler expects that after

Parmesan, Romand and

cent since mid-June, quola-

foreign logs in foreign chip- which

4. This response suggests

Ahal oversCAS tions. Sheet malters also are yards 2,000,000 deadweight lors

attendance samo as fast year?!

at 110 mulon-the

raising prices, and American of Fuch account of the United Kingdom

A. Toddy privately-owned figure will exceed that for any Wocklen Company announced in the second half of the year.

passenger-carrying previous Commercia Motor

Show tropical worried suiting lines,... flect is 21 ships lops then in Sterling world and of Imit in

The display ares in the Ex- 1930 but 43 per cent, greater goods, Hond- with

at Earls balance New York, Au

Worlds #

The Transitiontie Steamship: Kerch

dungarees, and work in deadweight tocnage, reflect hibition Hall. whole. The Yamashita Eteamship

This is certainly a moru Company Ltd at Gothenburg, clothing fabrics are reported in ing the comcantly expanding has been extended since

rchants last held in 1900.

Show Company Ltd., is to resume tix

Sweden has formed at NOW

Some denim dize of individual US beller.

extra allobucat will pro- Paci Fallió are

ave weeks behind The total active fleet now tho425 obawy ale shave pepented:

sirup be on Moreover, despite the "fall" in Aprico representing and the United States late this

Pacific worth of Summer. The first ship on the

sotinces new predict the lies. 51 commercial desenger crcial vehicle photo of come ere earmarked for regular monthly mervice will by Starting commodity prices, the tween, the

industry, Will-eller: the carrying ships, of 15,023 angia, products with well over a Yamintuku Chancellor expects the rest of the opact and Bouth africa, the

aquare negotiations is $2.59 per barrel, immediato use by the air coisa la the recently built

New Sterling Area to be just about line will begin with the load autumn besson in its elrongest rip capacity compared to 123 quarter of minion c... which is far below the support of military operations in Maru, which is due. In

1:1030.

don Express Servios, prstent import prior of $40 for the event of a national York on September 12-A in balance with the non-Sterling low of the Mallawrunga of the position in more than two years, of 37,753 alogie trip copicky in feet of exhibition space

warld in the current alx months: West coast, Asociated Pressaociated Press, Indonesian cride. United Presell emergency Associated Press. cited Prem

Negotiating For part for delivery by the and of

Petroleum

Tokyo, Aug. 3.

The negotiations for Japan to purchase $10,000,000 worth of indonesian petrolcum per year.

80 PER CENT AIA said American-built air- and making progress at Djukat, craft www.dnako tip about 80

daily,

Cho

Kelzal, reported today.

any post-war crop

In

per cent of the world', airline expected to remain about the eneaiz far dgforco nigore dyplomo.---ássociated Press.

financial

Nihon

Quoting A

from report

the Japanese delegation to

current

Buch

shy

M

a

Alcot,

of the transports Bow on the order, 180 are due for delivery Mirainy of Intimational Trade this year, 292 x 1983, and 224 in To Resumo Service will be in balance with the non-Now Shipping Route higher prices for four of scaryo

1054.

and Industry here, the paper. The total includes about 1,220- enid the proposed imports wold be on open account main operational planes, of which 505 tained by the two countries. The are four-engined. amount of petroleum involved

planes, engined is a million kilo uniually about

3.

New York, Aug. 3.

About $5 per cent of the four-mo-war service between Japan palauktid (Outlook · thân fine, to be known as the

Japan'e target pelees in the equiumph,000

FOREIGN YARDS

and

Mr

London, Aug. 3.

tha:

Court the

and allied