1952-09-02 — Page 21

ROYAL INTEROCEAN LINES

“THWANOT* ·

"TJIPONDÜR”

"BOISSEVAIN" *STRAAT

|_MAKASSAN" *TJIBANTJET" "TJIMENTENG" *THLUWAB"

*THIJADANE" "VAN KEUTAZ" **TJIKAMPEK"

"TJIWANGI"

"TEGELBERG" "STRAAT

MAKABBAR"

"VAN HEUTSZ"

"TJIBANTIKT”

TJIBODAB"

"TJISADANE”

"TJILUWAN

"THPARAP "RUYA" "TWANGI

In

"TABMAN" "TSIPANAḤ*

TISADANE"

The wonder is that only so studying the issue of bonds to There are other opinions

lald Bnance those purchases, and 11 New Zealand, of course, on the were to be off in view of the recent posi-is not without interest to specu-subject; the editor of "New investor Zealand Commerce," the organ tion at the motor export trade, late how the British

n factor which seems to have might take part. impressed itselt om the Tank

dollar area countries and

with

den

the

supply

£100

and in

hours. Ten

**JWANGI"

"B015SEVAIN" "STRAAT"

MAKABIAN” "TJIPUNDOK"] "TJIBANTJET"

B'AILING S

To

Gopt, V

Sept. *

Sept. 19 Sept. 14 Bapt. 10

Sept.

Hept. 13

Bept. 25

Oct.

Oct.

Oct,

盛

Oct. 10

Oct.

Ock.

Oct

Oct.

Det 17 Nov. 1 Nov. 2

Nov. 3 Nov.

Nov.

SLATADORU.

Esmarang, bjakarta. Tilson, Bemarang,

Harabala & Macassar Almatin,

Singapore. Mauritas,

8. Atries & America

Japan

Заряд

P. 4. Porte, Singapore, E. & §. Africa singapore, Djakarta, Bemarang,

Burebala Backwar

Kingspære, Djakarta & Delawan Doll JADED

Djakarta, Te

Burubala & Macassar

Semarang,

Blagapers, Djakarta, Semarang,

Nurabila a′′ MacAKAZ

JADEN

Maglia, Singapore, Mauritius,

S. Africa B. America Shigapore, Penang & Belawan Doll Stanilla, Singapore. E. & 9. Africa

jakarta, Tirabon,

Burabala & Macassar

Зарад

Віпкарого, Diskarta, Semarang,

Roubala & Macassa?

Japan

Забка

Mogapore, Djakarta. Semarang.

Surshals & MacaneAT

Bingapore, Forang & Belawan Deli Dinkarta Bemarang, aurabala

Miner

Singapore, aurkitur, B. Afrien

4. America

ARRIVALS

In Port

Sept.

Bept.

Sept. 4 дере P

From

МАСИВНАТА Burabala,

Dakarta Singapore

Зарад

Bemarang,

8. America, 8. Atrica, Mauritium,

singapore & Manila

Japan

Indonesian Portu

"TIMENTENG"

ค at-

Sept. 10

Japan

"TILUWAN"

Bept. 12

this

MORE WORK That suggestion is put for

conflicting with ward not as

but Professor Belshaw's Ideas as contributory and comple- mentary to them. How?

The is about country's labour force

at the 40-hour 759,000; at the

week this represents 30,300,000 man- latter figure is 3,030,000 hours,

per cent, of

representing the

cquivalent G0,000 immigrant additional workers at 44 hours, and this, the writer contends, "surely is e cushion against the economie in of bringing reprecussions 16,000 immigrants annually. thought gaining in effect, 69,000 additional workers."

of the Associated Chambers of Commeres of New Zealand and SMALL INVESTOR and file if not on the stewards.

its constituent chambers, makes The "ttle man" investor who the curions statement that the The output of motor-cars in has saved over £6,000 million, country "could gain the effect this country during the Arst

Mr six months of this year was which, by the way, costa

within one year of 69,000 Im- migrants without bringing 10,500 fewer than in the cor- Butler annually

In any immigrants at responding period of 1951; out-million in interest, might be al-

lowed to buy cach about £400rew words, this could be pul of commercial vehicles was,

with London, Sept. 1.

$1,000 tained by "extending the Also, 10,000 fower. This de- and be credited

pre- bonds issued against sent 40-hour week to 44 at or- been holding in Senior Commonwealth crease might well have

ofdinary time rates," officials will meet in London greater beating in mind finance the cit. cost of deliveries

the materials in Canada the Ottawa would thus not need privately on September 22 restrictions, conditions in to prepare for the Common- general Import cuts in the to float a loan nor have to wor- zy about balance of payments wealth

Ministers' sierling area countries. The old Prime

late ying that all is fair in love and other of those steel in conference

problems and war applies equally to cement November.

trade, and the long strike and effecting purchases of materials its aftermath in the US steel required for the waterway. The per Industry does provide motor-car bonds would bear 4 or 5

cont

interest, non-taxable manufacturers here

Canutia or Britain and be re- maxi- opportunity to Nilp the

deemed by 20 annual drawings models mum of their popular

to commence five years after | **** to both the USA and to Cann-

the official commencement

of da.

the construction operations. Steel plants in the USA had

One point that would have shrunk to 15 per cent. of their

to

that. be safeguarded is theoretic capacity at the time assuming the £1 Improves to the dispute was settle, and it $3 er 4 or more, the British will be some time before they investor would

be guaranteed reacli 100 per cent. and longer the return of his capital still before the US motor-carlay of pounds, Can Ottawa and industry can stock-pile plants Mr Butler collaborate and pro- with the necessary supplies and duce a workable

project on out these lines? Could

Mr Smallwood Invoke the small in- vestors here to help him to get more than his £2 million merely by buying for him the materials, the machinery, the services which Newfound- land and Labrador require. The St. Lawrence Seaway bonds would be guaranteed by a first charge on the tolls paid by the the sipping, the freight, and passengers using the waterway.

The omloials will meet for about three weeks, after which to their they will fly back respective capitals to report to their Governments on their pre- parations.

The brief for the preliminary discussions to draw Up the agenda for the Ministerial sessions will be a heavy one.

The officials are expected to review- the progress made by the Sterling Area since the Commonwealth Finance Minis- here Jnst

ters

conference

January.

They will scrutinise the Sterling Area's gold and dollars reserves and discuss long-term Issues.

LONG-TERM POLICIES

The January conference of Commonwealth Finance Minla- ters was 11, emergency one to consider the critical situation of the Sterling Area.

Since then the Sterling past tion has vastly improved, and

can

all

before they again for full production.

COMPETITION Thus, the American market is open for capture during this be period, although it musi remembered that the Uniteti Kingdom has not” a monopoly of the export trade.

this

are

Germany

and

BURDEKIN PLAN In Australia, the State of has a large Queensland also development project on hand, the Burdekin River Irrigation,

and Flood Miti

the forthcoming talks will main-exported 120,000 cars of a value decir, to cost

gation

£70

million at 1931 prices. The

Burdekin River rises in the

of

of

It Ja sound sense that the present worker population New Zealand, and in other countries where economic dim- culties prevail today, should try out the suggestion of ex- their tending by 10 per cent. 40-hour week.

The United Kingdom

comes within this category. We need to increase and cheapen consumer goods at home and those destined for ex- port abroad. Canada exhorts us to do just that, anti is prepared to assist such diligence by add- ing to her imports from us.

Meat Output Lagging

For instance, Germany year has a 400,000 unit target of cars, of which 250,000 for export. European markels 150,000 may absorb 100,000 to of this quota leaving a very price compelliive number, in and quality, for oversens desti- Last year, nations,

long-term of 750 million marics. concentrate

On economic, financial and commer- As for the German motor- cial policies.

cycle, the Auto-Union plant Questions are likely to in- at Ingolstad: hes armounced the clude:

Weslington, Sept. 1. 1. Imperial preferences and reduction of the 100,000 Der

Kleine

Wanderer motor-cycle in

People throughout the world relationship with the General mid-July, only two-and-a-hali Agreement on Trade and Tariffs, years after commencing produc- the July summary of the No- Increasing meat production, Gays Commenting on this project, are getting loss meat despite 2. The Sterling Area's trading tion in Western Germany 10tional Bank of Australasia, Ltd., the Agriculture. Department. trends and problems relating to addition, the French hatlonalised comments: "The value of out- And few countries can expoct harger exports to the hard cur-Renault company has concluded obtained from theso pur- } things to get better. riney and dollar

areas,

an agreement with Japan Puts is estimated at over £16

The reason: Meat output is 3. Commonwealth develop whereby permission has boen milion per annum),

and /the not keeping up with population ment, including capital invest-granted the company to equip ultimate addition to rural popu-growths. ment and Increases in produc-nastiembly plant at Tokyo. lation at

while about 24,000, dewarda in our motor-car faciation of the

study closely the overseas mar-

ranges and flows into the Pacl- Townsend. Ac Ocean between Bowen and

ant indus- many European countrics.

The department said, also that tion of vital raw materials and The TUC and the shop the total increase in the popu- traditional exporting countries

of capital goods. supplies

area might be have less to ship cut and pro- The problem of Sterling tories would be well advised to double this figure, due to asso-duction has fallen off sharply in convertibility

Britain, India, Paklatan,kets position today and get it clated commercial

trial development.? ab- Ceylon, Australia, New Zealand, into their minds that the South Africa, Southern Rhode- sence of effort may well wreck sia and Canada will be repre-our export trade and create re- dundancy by the thousands in septod

all our works.

COLONIAL DELEGATES The colonies will also send delegates at the Ministerial talks.

the

Per capitai consumption Inst ycar was reported About the samo as in 1950 but for below pre-war years in most tries Associated Press.

coun-

LONDON RUBBER

The summary concludes: "I12 its entirely the scheme Tools # long way ahead, and in regard to the aspects of rural develop ment and lant settlement it has been based on a number of NEWFOUNDLAND PLAN

assumptions, all of which have Mr Joseph Smallwood, Prime yet to be fully substantiated."

Mr. Butler might study ways The senior officials meeting Minister of Newfoundland, hos

FUTURES of providing Queens in advance of the Prime Minis been In Londen endeavouring and means land with ters will discuss Commonwealth to interest British investment in

part of capital will which be required by pro-

Landon, Sept. 1. and trading the development of the natural oconomie, financial

from Нето and viding

those Prices of Tubber futures problems, as well as the deve resources of his province,

Labrador.

materials which can be provided closed today as follows:- He lopment of the Commonwealth particularly

on basis similar to the | Number 1 rubber, in penen of Sterling con- stems to have found some dim- the d qucation

scheme suggested in connection per ju. vertibility.

cuity In Binding dollars.

Sea-October Lawrenco it a new with the St. The agenda of the Prime

Estimating that, conference Mizilstere

is still British company were

formed way.

those to explore and develop being considered by the various Commonwealth nations, an au- resources, a capital of £2 mil thoritative source said today. flon would be needed, he

Several Commonwealth gay-plained' that by using British

including Canada, personnel and equipment ernments, have made various suggestions tively small part of the rela- terms, but in her present econo-

LONDON TIN MARKET

£2

1

IMMIGRATION POLICY

immi- Immigration without grunts seems a contradiction in

November December October/December January/March April/June

23-231

$3-231/

-United Press.

COPPER QUOTA -

mule situation, New Zealand may have to give serious contidora- on the British draft agenda, the million would have to be con-

tion to the problem posed by verted into dollers subject, source addetl.

thin expression. To cater for an will not be finally It

ap- of

of approval course, to the

Washington, Sept. 1. annual intake of 15,000 immi- officials have Mr R. A. Butler, Chancellor grants, New Zealand has to lay proved until the

The Government set a fourth met.-Router.

of the Exchequer.

out 30 million in audition to quarter export quota of 45,000 Canada is a hive of indus 260 million to meet the coun- tons of refined copper produced trial activity today. An article try's natural increase of 30,000 from foreign cres and concen-

trates. capital Investment in a recent issue of the "Board year. That of Trade Journal" gave details has to be stayed along with the This represents a big increase of the activity in mineral ores, now of imports if the country's from the third quarter quoin of aluminium production,

12,000 tons made from both expan- Anances

domestle foreign and sion of hydrocicetrie Installa- events are to be put on

CTCS, heud Associated Press. Professor H. Bolshaw, lions, the quest for the oil pipelines and all poten-

of the Economics Department rebi tialities, and agricultural

of Victoria University College, sources.

speaking on "The Immigration It is sad.to reflect that Bri- Question," suggests tim caplial plays such an in- Government should adjust

Halfo, Sept. 1. significant part in this develop target to 10,000 annually. ment, through lack of dollars. contends that the country can. Three oll prospecting firms temporary granted Our overscan investments have not stand the outlay of capital will be all not been dissipated. to pay on roads, houses, factories, hos lleences which will enable them for the war and post-war es pitois, power plant, anil dimilar to begin field operations

represent Israeli, Swise, sentiala, and the St. Lawrence Items which an-Iniux of immi- They

that now Belgian and US. interests. --~-- Seaway project offers the op- grants creates

London, Sept. 1. The tin tarlet was deady and quiet with turnover only 10 tons, al for cash. Prices cloted at the and of the official morning session as followe—-—

Spot tin, buyers

Spot tin, seliars

$4.3 05-4

Business done at

nil

Wiree-months iin, buyers, Three norths tin, wellem... 01 Business dane at Settlement

043 053

-United Pre

uranium.

that

its He

Searching For Oil

JAPANESE BONDS portunity of earning those elu- immigrants, contrary to popular Associated Press.

sive dollars in order to provide beller, Instead of relieving the

with the Labour shortage; accentuate the British investor

himmel because labour is diverted from apportunity, to benefit

of consumer and the country at large. If the production Canada has to proceed alone in goods for the home and foreign 131% the completion of the water markets to the production of

02

farming way, 100,000 ton of reinforcing capital goods; that and structural steel will be re would lose labour to other oc..." | filates quired; also seven million bar-cupations and that living stari

Canada - isi dards would, ba doprassed. rets of cement.

London, Sept. 1.

(1115

Japanese bonds

"A" (4%. of 3899) "B" (4 of 1910). “C”. (45. of 1907)"

70:

67.

"D" (8 of 1934)

18.00 200 33.00

"E" (5a, of 1999). Consola

155

10.10

United Press.

11.570

ZOOT.

MOCASERY, Burabula, Bemarant,

Djakarta & Singapore

KING'S BUILDING, Ground Floor.

TEL. 28015/18.

CHINESE AGENTS: 82 CONNAUQIFT RD, C. TELS. 91190, 28139

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

"PETER MAERSK" "NICOLINE MAERSK”

M.S. "TREIN MAERSK” *M.S. M.S.

Sept. 4 Sept. 15

Oct. 2

Also accepting cargo for Portland

ARRIVALS FROM U.S.A.

M.S.

"ANNA MAERSK” M.S. "OLUF MAERSK” M.S. "LEXA MAERSK"

Sept. 10

Sept. 22

Oct. 2

For Freight and Further Particulars please apply to:-

AGENTS:

&

JEESEN

Pedder Building. '

.

CO.

Tel. Nos, 36066-9.

Dates and rotation subject to change without notice.

American Business

Industry

And Showing Advance

New York, Sept. 1.

Business and industry are showing strong advances. Production in the nation's factories is rising rapidly; the slow Summer appears over as industry does more business and the economy moves closer to a new inflationary spiral.

As prices rise more workers are asking more money. Baging its figures on a survey of the industry, the Bureau of Labour said prices are now about 16 per cent higher . than when the Korean War began in June, 1950.

Electric

in

The Dun and Bradstreet index,

production shows wholesale food prices at 7,818,094,000 kilowatt hours, the another new 1052 high.

best in eight months. This shows.

turn- more factory wheels are Price controls have been sus-ing for longer hours. pended over more items, lima the cuspension includes Crude oil production to the such products as radios, tele-highest

-last April... vision sets, record players, car-0,208,800 barrels--and soft coal output has hit 11 million tons, pets and bedding.

This

since

COST TO DETROIT

The rotiring Price Stabiliser, the bost Agure since January, Ellis Arnall, sald this did not meani controls would be aban- doned because controls are still beedad.

The latest available figures on coal prediction were for the The new

ending August 23, just Price Stabiliser, week Tigha E. Woods, believes price before 400,000 miners took curbs should remain in effect, 10-day memorial holiday. but he will ask the President to Ht them if he finds them un indicated

Reports from the coal country

some

grumbling. wanted by the public.

among the miners.

The Secretary of Commerce,

Mr Chantea Sawyer, noted in- A western Pennsylvania flationary pressures, but said they rainer, from 戥 section where ware gradual and not drestin and stent

companies operate the 'we have nothing to tear,"

pits, said his mates didn't think so much of the holiday...

"They want to work due to idleness during the steel strike," he reported. ·

RAMD RECOVERY.

The

But

The spiral which the economy has picked up during August way discursued by the Federal Re- arrve Board.

motor-car industry Overall Industrial production, estimates the strike cost about the Board said, is estimated to 850,000 cars and trucks. have recovered to about the contrary to expectations the May level. It placed the blame girlite did not build up a

big for a July slump on the steel backlog of satisfied demand for

new card,

Car production crept up to pick-up. 120,001 units with 109,880 the Associated

It

rike.

US Markets Closed

New York, Sept. 1. All markets in the United A survey of Industrial figures

attests to the rapid were closed today, in observance of. Labour Day--| Several, are at or near 1052 previous United Press.

highs.

Preas.

week.