1952-08-20 — Page 9

===+=====

MESSAGERIES

M

"GRENOBLE" *FALAISE"

¡"COURBEULLES"

MARITIMES

M

Outward For

Artlying TARVING

..Яept. 4 Дере 5 Japan ..Sept. 14 Sept. 21 Japan

...,8. B Sept. For passenger and freight.

Homeward For

9 N. Attica & Europs

4

1 For freight to Saigon, Algiers, Oran, Tangler, Casablanca, Havro

Dunkirk, Antwerp & Rotterdam,

Accepting cargo:

-vla Marseilles to all Mediterranean & West Africa Ports,

via Djibouti to Madagascar.

Bobject To Change Without Notice,

CIE DES MESSAGERIES MARITIMES

P.O. Box 62, Hongkong

Queen's Building (gr. floor)

EVERETT

Tel. 26651 (3 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"

Arrives Snils

Sept. 3 from Singapore. Sept. 4 for Japan.

"REBEVERETT"

Arrives Sept. 10 Sails

from Manila. Sept. 11 for Singapore, Penang,

Rangoon & Calcutta.

(Accepiing corzo for transhipment Hobe/Pusan and Kabe/Okinawa)

EVERETT STAR LINE

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

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

Arrives Aug. 22 from Japan.

M.S. "STAR ARCTURUS”

Arrives

Saile

Aug. 22 from Singapore Aug. 23 for Moji, Kobe,

Nogoya, Yokohama

M.S. "THAI"

Arrives Sails

Shimizu,

Sept, 4

from Japan.

Sept. 5

THE CHINA MAIL,

Warning Of Increase In

Price Of Rice

Singapore, Aur, 10, Two

of members

The Select Committee on the refall price of rationed klop have recommended in a re- port tabled at the Legisla tive Connell meeting this morning that there should be no direct subsidisation of rice prices by the Singa pore Government.

The dissenting member of the Committee. in A minority report, declared that the only way to pre, vent any further increase in the price of ralioned rice Is by a direct subsidy,

The Committee an-

that animously proposed the rationed rice price should not be Increased during this year, although "al increase seemed In- evitable in the present elr- cumstances"

The

Commilice

that the public be warned now that they may have to face such Increases In future-Beuter.

HONGKONG

SHARE MARKET

(From Our Correspondant)

Business Stock

declined on the

GBARES BUYERS BELLERS SALES BANKS

1K Bank .. $420 1430 East Ara ... 112 INSURANCES

Canton

Union

HR Fire

210

735 700

100

,

1.00

WEDNESDAY, AUGUST 20, 1952.

BRITAIN'S NEW EXPORT LINE:

PREFAB HOUSES

/

London.

Speaking at Leicester recently the Minister of Works, Mr Eccles, phophesied that "within ten years we shall be exporting prefabricated buildings to a value of between £50m, and £100m. a year.". The Minister's enthusiasm has attracted attention to this, one of our youngest export in- dustries, at a time when the immediate future for its products in its largest market, Australia, is still obscure.

effective.

NOTICE

IN THE SPPREME COURT

· OF HONG KONG

COMPANIES (WINDING UP)

No. 6 of 1952

IN THE MATTER of the Companies

Page #

ROYAL INTEROCEAN LINES

IN THE MATTER of the | *TJILUWAR* Ching Siong Land Invest- | "Van DEUTRES ment Company Limited.TISĄDANE” NOTICE is hereby given EJIWANGI"

SAILINGA

Singapore. Plakarta, Palembang

· Bels wan' Deli k Panade

Hingapore, Djakarta, Bemarang.

Hurabala' M ́Macaskar Djakaris. Tilrebon. Нежить

Buradala de Macassar

Japon

WIN KOPPEN.

Maprking

***** Atxien allás America

P.L. PATTA, BIDɣspora, K. & S. AURA SIDERDO

Djakarta, DEMPTORE,

"SATEħala & Macassar

"VAN HEUTEZ”

"TJIWANOr".

APE. ** Bept. 1

Ordinance

"IJIFONDOK"

sept.

7

(Cap. 32 of the Revised | "STRAAT Edition)

MAKASSAR"

Sept.

"BO]}}FVAIN"

and

*TJIMENTENG"

Hepl.

12

Sept. 10

Bent,

JADAR

Sept.

Nept. 25

Oct.

Det.

Oct., 19

Oct.

Oct.

Oct.

Oct.

Oct.

that a petition for the winding

“TJIRAMPER”

"STRAAT

"ZBOELDING"

MARASSAİZ"

IBODAS

up of the above named com pany by the Supreme Court "VAN HUIGZ of Hong Kong, was, on the 21st day of July, 1952, pre-TISHDANE" sented to the said Court by} «TÍLU WAI" Kwik Sláng Kie of No. 229 "TJIFANAS" Gloucester Road, first floor, "nye" Victoria In the Colony of Hong Kong, Merchant and, TITANAS" Chan Hing Wan of No. 81

TIISADANE”

In fact, only two days after the f This year the group has done Minister's speech a 271⁄2 per cent | virtually no business with Aus- duty on imports of prefabricated ||tralia-recently a £12m, con- buildings into Australia became tract for houses for the New South Wales Government fell In 1950, 3,043 prefabricated through in consequence of the bulidings, worth £2.79m., were reduction In the Australian

*** | Lung Kaj Terraço, Victorin the figures for capital works programmedy aforesaid, Widow. And that exported and 1951 showed a remarkable ad-in six

in six months It vance 7,172 buildings, valued at reached 75 per cent of Last 2.41m. sq 是 £5. 44m, were shipped abroad. year's turnover. But it estimated that about 90 of various types of buildings per cent of these exports went were exported between January

Not

are and June, 1952, compared with | to Australia,

vaical restrictions

tlomet only physical

to be im- 3.14m. sq ft in the whole of 1951, posed on imports of prefabricated when trade with Australia re- buildings the extent which is presented of

one-third of total not yet known, but the Common- turnover, wealth Government has refused to underwrite the States' capital works programmes beyond an upper limit of £A.180m.- 20 per cent reduction on last year's Agure.

cuca

A

"THWANGI"

*TASMAN"

› Nov.

EN HGC ON 8 HE

Nov.

Nov.

Nov.

NAV,

$

Hingapore, Penang & Belowan. Deli Diskarta, Tirkan. Semarang,

Surabala Macassar. -Hingapore, jakarin. femarks,

góṛabála di Nac

Japan

Manila, Singapore, Mauritius.

8. Africa & 3. America Singapore, Penang & Belawan Doll

Semarang,

nianila, Dingadora, E. & B., Africk Djakarta, Tjirebon,

Burabula & Macassar

Djakarta,

Surabala & Macassar

Japan

Singapore.

Japan

Japan

blogapore,

Djakarta,

"Burabala &”Macassar

Bemaras,

Беграгар

Singapore, Penang a Delawan tjet3 Djakarta Bemarang, Barabala

silageporn, "Maprillos, B. Africa'

Ameries

ARRIVALE

#VAN HEUTBZ" IWANGI" "STRAAT

MAKASHAN” "TONDOR"

Aux. 20 Aug.

Sept. 6

Rent, 愆 Bept.

to

· Impati

From

RISCASEOF. Svirbala, Bemarang

Djakarta & EDENDOTE

B. America, B. Allen, Mauritium,

singapore & Manil

anid petition la directed to be heard before the Court at 9.20 a.m. on the 28th day of August, 1952; and

any creditor or contributory of the "BOISSEVAIN" suld Company desirous support or oppose the making | KING'S BUILDING, Ground Floor. of an order on the said

Japan

Japan

TEL. 28015/13,

petition may appear at the CHINESE AGENTS: 82 CONNAUGHT RD. C. TELS. 51100, 2513)'

any

RECENT SUCCESS

A recent success was a $500,000

time of hearing by himwolf or contract-which has just beeni completed for

his counsel for that purpose; light-weight prefabricated steel structures for

and a copy of the petition U.S. forces in France,.

will be furnished to which was obtained on price and speed of delivery, despite competition from five other countries. An- other was a hospital in Fiji which had

only been erected a week before, it was subjected to a 130 m.p.h. hurricane. The hospital survived without damage (except though from falling masonry), many traditional buildings were demolished.

An-

AUSTRALIAN TRADE

As 題 result, trade with Australia Exchange this morning,

has sullered only $182,251 worth of shares

temporary relapse.

Although gh changing hands. Nobn quota-

total

British exports con- tions and the morning's Iran-

tinued to expand in the first sactions:-

quarter of 1952-at just over £2m. they were valued at almost double the Agure for the cor- responding period of 1951-for the second quarter of the year the Increase on 1951 was only All manufacturers are agreed 18 per cent.

that, despite fierce competition experience

from Germany, Belgium, Finland, of The

British

Sweden and Austria, British firms which have large contracts W with different Australian States products have so far secured the lead in export markets both in has been varied, but most of them have been able to secure

ure | price and quality. Great efforis

being made elsewhere

thes for

to contracts

expand non Sterling houses which they dre now un- markets ilkely to be able to sell In Aus- countHes, to make up for the closing of the Australian market, tralia. Simms Sons and Cooke, closi

doubts that for of Nottingham for example, and no one

both in contracts with many years to come, had very large the Victorian State Railways world housing shortage will con- Australia and elsewhere, the and with Western Australia.

tinue to exert n great demand for

of types structures.

SHIPPING

Asta Nev DOCKA, ETC.

K. Whert DDIS N. P. Wharf 623 Dock

18.00 19.10 509 @ 10

Provident ... 13.10 Wheelock ..471% LAND, ETC.

FII Hotel..

HK Land

(014) ........... 1011⁄2

(New)

Humphreys, 11.80

UTILITIES

Tram

4216

43 100

500 6.63

132 GT 40.74

4.5.

...... 19.10 19.30 2000 € 19.20 Peak Tram,

Osaka,

&

Star Ferry

XD

for Singapore, Port Sweiten- hamn. Madras, Colombo, Bombay, Karachi, Basrah & Kharramshahr,

(Acerpting cargo for transkipment Kobe/Pusan and Kobe/Okinawa)

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

Be

Far East Trade Exhibition To

Held In Seattle

The first International Far East Trade Fair will be held in the Civic Auditorium in Seattle from September 6 to September 14.

The huge and glittering Trade States on Ule resources of Far Fair, covering 30,000 square feet, Eastern countries. will display commercial goods,

merchandise,

artistic and cul-

formed

The Trade Fair is sponsored by tural exhibits from eight Far International Trade Fair, Inc., a Eastern nations. Nations exbibit-non-profit organisation ing are: Japan, India, Hongkong, specifically to organise and stage

Re- the Fair. The Philippines, Formosa,

and Indonesia.

to

27 cold!.....

GO 102

C. Light (0) 0.80 0.95 1000 m 0.85 500 8.90 4

C. Light (N),

Electric ........ 221⁄2 21.70 3000 « 22.50 Marmo Elec. 101 Telophone. 17.40 17.60 330 @ 17.50 200 @ 17.00

INDUSTRIALS

Cement...**

Repe STORES, ETC.

11.00 19.70

Daliy

Watson

19.10 1700 19.ID 27.20

1. Crawford 2030

COTTONS

Ewo

(i) 0%

....... 215 MISCELLANEOUS

Entertain-

ment

Yangtzze

10.7017200 of 46.40

3.0

Foreign Exchanges In N.Y.

Canada

New York, Aug. 19. US$1.04-3/16

England-official

Unofficial

2.7841

2.02 pk/ 2.55 asked 2.77% 30-day fulures 90-day futures

New Zealand

2.76

Australia

2.232

2.78

South Africa

2.1916

Belgium

.01983

Denmark

France

.0028-0/18

West Germany

4.20

Holland

.2637

Italy

.0014

.1403

.0370

Norway

Portugal

Spain

Egypt The Fair is a much expanded public of South Korea, Thailand, outgrowth of last

Tran year's Japanese Trade Fair in Seattle, The Trade Fair is a combines and has a double purpose: Pre- of the entire scope of sentation and artistic, cultural trade,

Argentina post-war production and export. Erich tourist exhibition designed

of

130livin Far Eastern interest United States buyers in merchandise

Chie Far Eastern products and to in- nations to American buyers, and

Oblombia of the United a colourful dramatisation form the people

Cuba and Seattle

the State

Mexico Washington's position America's number-one Gateway to the Orient by virlue of the arca's geographic location,

New York Sugar Futures

closed

New York, Aug. 10. World sugar futures today higher to 3 lower with sales totalling 170 contracts.

Contract No. 6 clesed 2 lower to 2 higher with sales totailing 137 contracts.

Contract No. 4 (work) September

October

SED*

The rate of delivery has had to be slowed down under the

the and the con- Dew restrictions

to be re- trects are unlikely newed. But an order for 500 Zealand has houses for New Just been received which will go some way towards making up for the difficulties of the Aus- tralian market.

LOOKING TO CANADA

the

to

Bre

all

in

prefabricated

The Rubber

Markets

in pence. Beptember October/December January/March April/June

2016-34

20-2014

2511-4

2614-2912

2412-75 United Press. NEW YORK MARKET

Now York, Aug. 19. Prices of rubber futures closed today 3 lower to 40 higher with sales totalling 10 contracts. The spot market re- mained dull, although den dealers reported that buying in- terest was a half cent or more below the market price, Prices closed today as follows:- September October November

some

London, Aug. 19. Prices of rubber Iutures Again, H. Newsurm Sons and closed today as follows:-

Number 1 rubber, ber lb. Co., of Lincoln, expert South Australian Housing Trust to cancel 25 per cent of their order for houses, although their contract with the Commonwealth Government for 1,000 houses being executed according plan

H. Newsum are looking to Canada for their expansion and a small trial. programme

has just been received. An grder has exception to the general picture which deserves mention is Boulton and Paul, of Norwich, who have been able to carry out an order for 95/sectional school buildings for Queensland even in the last six months.

Most of the houses exported December by these companies are complete January (1953) or three bedroomed bunga- February two lows of timber construction with APHI an external lining of weather- May board and an interior lining of June July plasterboard on hardboard, and

**** | August folding oluminium roots. A-September

or galvanised iron roofs October bestos are also common. Great atten- November

Spot tlon has to be paid to the crating of the houses in order ta weight. conserve space and seve (The floorboard sections of the houses often form part of the crate in order to save weight.) The buildings must also

be

March

30.18 30.64 nominal 29.13 23.00 20.34

3.07 nominal

H

J

27.40

**

21.20

27.00

20.75

+

20.30 bld

28.30 nominaḥ

29.10 nominat

-United Press.

Grain Prices

aimple to crect, To that native In Chicago

labour can assemble houses with

the aid of an instruction manual And

Sweden

.02.13

Switzerland

.2331

MIDDLE EAST

2.01%

Imag

3.7011

Turkey

.5315

LATIN AMERICA

and

.0040

.0500

.0065

4074

of of a

1.00

.1103

Peru

.0044

Uruguay

.3700

Veneruela

.2005

FAR EAST

'India

.200

2000

.1765 .301A .3203

360 yen to US$1

knUnited Pixol

Since last year'a Fale there has been constant Unison with Japanese and other Far Eastern manufacturers to make sure that

Pakifan Hongkong Indones Singapore

Jepen

to

the products to be shown at the

American tastes.

Fair will be acceptable

a minimum of export

a number of

Chicago, Aug. 19. Groing joined msistance.

Perhaps the largest exporter other leading commodities in of all--and certainly the com.coding the declining weakness of pany with the widest range both mostly from the

vegetable oils with a portion of of products and of markets is

(Building the sell-off due to the continued Taylor Woodrow

favourable

weather over

the Exports). This company -

feed

pro- grain and soybean subsidiary of Taylor Woodrow

areas. Wheat closed ducing --was formed in January, 1949 to 1% lower and soybeans were to self in overseas markets the 1% to 2 lower. Prices closed prefabricated buildings produced

-

by the Arcon Group--an associa- today as follows: tion sponsored by I.C.I., Stewarts Spot and Lloyds, Taylor Woodrow, September

December United

Williams Steel,

and

March Williams and Austins of East May

Com Spot September December Matth

Buyers will be admitted with Exchange Rates Hom

of

out charge for the duration the Fair, and will be provided with a catalogue listing partici- pating fans and their products upon registration.

4.00-$.00

Formosa is sending both com- 4.05-1.09 mercial goods and a cultural dis- 3.94 nominal 3.00 nominal play. The Formosan exhibits will 3.0 nominal include 3,03nominal 3,04nominal

January (3953)

March

Máy

July

September

..Spat

4.00

Contract No. B

September

0.00

November

March

May

July

Spot

September

0,00bfd

8. biq..

8.63 d

5.11 nominal

5.00 ➡United Press.

Jocal in the Business was done unonicial

market Exchang inprning at the following ratos:-- U.B. dollar (per:61) Sterling noto (per Indonesia

this

4.30 16.09 1) guidors (ver 100) 2130

Slam ficals (per 100) Bingapore: (Biralts) FIC Dimsums (per 101)

294.10

28.12

Strons, JAPANESE BONDS

housewares, apparel, Items and foodstuffs, In-

embroidered cushions and pillows, buffalo horn.tea traye and ash trays, shell and bamboo pipek, rattan and snakeskin handbags, costume jewelry and swordfish liver oil.

There will be six exhibliots from Hongkong, with displays. the well-imown Including Chinese hooked wool rugs.

ARCON STRUCTURES

Whest-price per bushel

2.3016

2.4316 2.44-%

1.00

1.701-1

1.74%

1:00-

2.075

2.00-3.201

| Hya

Spot

Gala September

New York Hour-per 200 10. back 12.20.-United Prett

A Large number of Arcon May

from rude structures ary standardised angular and tubular Sc

Skptember steel components which can be simply Interlocked-rather Uke a child's building set to form a framework for almost any type Timber sections for of building. external cladding, fibreboard and London, Aug. 19.

hardboard sections for interpol "and galvanised cladding, aabeatos “A”.(48. of 1009)

Iron roof scellons, metal-framed "B" (1 of 3010)

windows, plumbing and electri *C, Kd of 2007)

cal fittings all these can be sup- *D" (os. of 1834) "E" (61⁄2 of 1934), 15514 plied if Indigenous materials are Consol

6836 not avaliable, and many complete

buildings are in fact exported. United Press.

Japanese bonda

128

Copra Quotation.

at

'Now, York, Aug. 19. Copra was quoted today $137.50 per phort, ton, nominal, Cocoamis bil "was quoted at cents a pound, asked, — United.

creditor or contributory of the said company requiring the same by the undersigned on payment of the regulated charge for the same.

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA vla SAN FRANCISCO, LOS ANGELES AND PANAMA,

NEXT SAILINGS

M.S. "HULDA MAERSK” MS. "TREIN MAERSK" M.S.

In Port Buoy AT:

Sept. Sept. 15

2

Aug. 28 Sept. 10

Oct.

3

ARRIVALS FROM U.S.A.

(M. A. de SILVA), Solleitor for the Petitioners, Gloucester Building, (Arst floor),

NOTE:-Any, person who intends to appear on

the hearing of the said petition must serve on or send by post to the above-named, notice. in writing of his intention so to do. The notice must state the name and address of the person, or, if a firm, the name and address of the firm, and must be signed by the person or firm, or his or their solicitor (if any), and must be served, or if posted, must be sent by post in sufficfent time to reach the abovenamed not later than six o'clock in the afternoon of the 27th day Pedder Building.

of August, 1952,

"PETER MAERSK"

MS:

"NICOLINE MAERSK"

M.S.

"ANNA MAERSK"

M.S. "LEXA MAERSK”

For Freight and Further Particulars please apply to:

AĠENTS:

JEBSEN &l

Israeli Refinery

To Open Expected

In Near Future

Tel-Aviv, Aug. 19,

Following the arrival of the first tanker with Venezuelan crude oil for the Israel Fuel Corpora- tion this month, the company will shortly be able to enter the local market as a supplier of various oil products.

Formed at the end of 1951 as the result of agree- ment between, the Israel Government on the one hand, and Anglo-Iranian and Shell on the other, the company

CO.

Tel. Nos, 86006-9,

Cotton Prices Ease Off

New York, Aug. 19,

In the cotton martet, experts saw nothing in the news to ex- plain the softening price tenden- mostly to internal technical coe- rection, Friday rise of over 100 points,

èles and attributed the action

following the

recent

The crop news was mostly on the unfavourable side. Benen- cial_rains were. reported in the Eastern and Central belt section, but since a large part of Western beit, naturally the crop Acronge is planted in the

will refine and distribute fixed proportion of Israel's total news from that section attracted domestic oll consumption, For 1952, the proportion has most attention. The tightness in been established at 15 per cent, for 1953 at 20 per cent, the spot altuation for good-grade cotton and indications of un- for 1954 at 25 per cent and for 1955 and following years derlying demand for textiles at 30 per cent of total consumption.

were also temporarily lost sight of as traders adjusted the inar The quantities of crude oil which the company's share will ket position. needed to supply these propor- tje 250,000 tons), rising, to

The market opened up 5 to off tions will be bought by the Israel 1,570.000 Lona in 1954 (380,000 4 points. After worlding up to Fuel Corporation, brought to tons) and to 1,875,000 tons in for alightly above the previous Israel in taniters chartered by 1000 (500,000 tons).

the company, and refined by the Consolidated Refineries, Haifa, on

a contractual basi

with

LARGE BAVINGS

close, the market shifted irregularly lower to close almost on the lows and to off 10 to 39 Assuming that 150,000 tons of points net, Prices closed today a DOLLAR PURCHASES

followe oll products will be marketed by So far, 60,000 tons of crude the company in 1932-53 it will Stober have been secured under a cou-have a turnover at present December

Socony - Vacuum, prices of around $6m., a figure March tract with Venezuela,

Blay negotiations which is expected to rise to overSudy, under way in other countries. It 49m in the following year, to october is understood that most of the about $14m. in 1934-85 and to December oll will be bought in the dollar over $20m. In 1955-1958. area in view of the difficulty of

The large saving expected from

procedure and bringing sterling crude to Israel this as a result of the continulog galmoally towards foreign oil S Egyptian embargo

companies was the reason for December passing through the Suez Canal formation of the Israel Fuel March, (1053) with essential materials for Corporation, Dr Gershon Meron, Suly Israel.

oh vessels

not

39,90 nominal-

30.74-38.73

33.01

30.67-38.45

10.15-20.40

3741-37.06

35,80

-United" Prois,

NEW ORLEANS MARKET

October

MAY

December

The operations of the Lordel managing director of the comper

pany, airerses. Fuel Corporation are expected

Israel has no intention of be- aubolantini to resulting" a

coming a second. Persia, he said. saving of foreign exchange

Is the company's aim to the insel Treasury, Oil and dit maintain the most friendly re- products are already the largest iations with international oll the country's companies, and we are already

single item in

foreign exchange expenditure working in budget (around Flom. annually), with them. and consumption Io

rup

rapidly

Fining

close co-operation

United

LONDON TIN MARKET

London,'"; Aug. 19.

As an example he cited the use The in market. won very.

company of tho | steady with

a turnover pt 110 Will Industry, power stations by the Israel and even the railways entirely tenker installations of the Con- tons of which 25 tons were for dependent on all

of the official morning sessiob'

oll consumption is, Largel's solidated Refineries in Halla. calu Prices closed at the end-

in turn,

will

to in- The Israel company, expected to crease from 900,000 metric tons in make available to foreign con-as follows:. 1051 to 1,030,000 this year (of cerra a pipeline which it intends spot in, buyers

build from Hold, the site of Epot Un, sellers to witch the Israel Fuel Corpora- tion will be entitled, to supply the refineries, to Tel-Aviv, which resem I the main "conaiming area." Atom about 100,000, tons)

A further increase, to-1,200,000 present, all oil has to be trans-inces done at

for 1953 (01 ported by road. tons, le estimated

Settlement

#66-956

tin, buyers

fin, sellers

-United Press.