1952-09-18 — Page 9

MESSAGERIES M

Arriving

•«LA MARSEILLAISE" ..in Port "FALAISE”....................sept. to

•LA MARSEILLAISE” ́‚‚Sept. 29

+"GRENOBLE”

+"TALAISE" ...

Opt.

5

20

For passenger and freight.

THE CHINA MAIL, THURSDAY, SEPTEMBER 18, 1952.

MARITIMES U.S. Delegate

M

Loving

Sept. 19

Nept, 20

Outward For

Vokohama & Kobe

Japan

Homeward For

Sept. 30 Marieliter via Salgon Oct. #N, Africa, & Karope Oct. 27 N. Africa & Europa

For freight to Saigon, Alexandria, Genoa, Algien, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam. Accepting cargo:

-via Marseilles to all Mediterranean & West Africa Ports. -via Djibouti to Madagascar.

Bubject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES

P.O. Box 53, 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, Siam, Malaya, Burma and East Coast Indian Poris,

"LENEVERETT"

Arrives Solls

Sept. 23 from Singapore.

Sept. 24 for Kobe & Yokohama.

"NOREVERETT”

Arrives Salls

Oct. 2 from Manila.

for Oct. 3

Penang,

Singapore, 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 Ports,

Big Problem

For U.S.

Washington, Sept. 16.

The Secretary of Coma- morpe, Mr Charles Bawyer said today that the big problem ahead for United States business is inding boyers for the goods being produced in greater volama. He told a Press con- ference that the overall production will continue to expand at least through the middle of 1953.

Robert C. Turner of the President's Council of Economic Advisors said lost week that defence produo- tion had already roasted Ha peak-Unlied Press,

HONGKONG

SHARE MARKET

(From Our Correspondent)

Speaks

Out At International Cotton Conference In London

ATTACK ON TRADE · · RESTRICTIONS

(From RONALD DOXALL)

London, Sept. 17.

Although the speeches at today's opening session of the International- Cotton Textile Conference were confined mainly to generalitics, certain definite trends of thought emerged in the preliminary remarks of Mr R. T. Stevens, of America,

Mr Stevens left the views of the American delegation in no doubt. Obviously worried by the publicity which has been given to the opinion that the conference will be more restrictive than expansionfst in outlook, he lost no time in making clear the American point of view,

In America, he pointed-out, the basic principle underlying all business activity was free competitive enterprise.

Warning On Peking

Trade

To make Els point doubly Mr Abe said that Japan had clear he stressed that this lost 40 per cent of her territory of the principle had found legal ex- us a result of the war. pression in the famous Sher- remainder, he mid, only about 10 while the man Anti-Trust Act. which per cent was arable prohibits

all "contracts and population had increased by 12,- conspiracies in restraint of '000,000 persons to over 85,000,000, trade or commerce."

FORCED TO IMPORT Business on the Stock Ex-

And if that was not enough, change this moming amounted Mr Sevens reminded the re- Now, instead of being self- to $250.080.35. Noon quotations | strictionlat school of thought suficient, Mr Abe,said, Japan- and the morning's transac- that "the real champions of had lo import more than $450,- tions.

foodstuffs free individual enterprise are 600,000 worth of

business.co them annually besides having to rely SHARES BUYERS SELLERS BALES American

im- selves.

raw materials Being parted from territories such as Formosa, Korea and Sakhnlin which previously were Japanese.

Osaka, Sept. 17, Japan's

present economy

Prime Minister, could not be regarded as per-Shigeru Yoshida, sounded a

because it had been manunt bosted largely by the Korean Warning against the inclina

tion of Japanese business.

BANKS

HK Banks.... 1400 East Asia ...

INSURANCES

Union

Underwriters

SHIPPING

147

among

the

оп

Needless to say, Mr Stevens was not answering any de #nlte proposal for a system of

market sharing chief cotton goods exporters of the world but simply elaborut- 150

con- 500 6.70g his general remarks

American business war 500 se 20 cerning 20.40

290 20-40 philosophy.

Asia Nav. XD L

DOCKS, ETC.

X. WhoWhart

N. IX.

500 a 1.4715

90

Dock

Wheelock...

Provident XR 12 12.10 Shal Dock 1.10

43% 100

LAND, ETC.

435

614

TK fotel 0 0.00 500

1000 a $.50

HK Lond

(Old) XD

HK Land (N)

Shal Land

UTILITIES

Tram XD

1. Tram (Old)

200 & 4015

TO

4012

14% 19.10 10.30 1500 e 19.20 2000 4 10.10 200 19.20

P. Tron (N)

Star Ferry

102 104

21

401

21

C. Light (N)

Port

FIRST CLASS PÅSSENGER ACCOMMODATION M.S. "STAR ARCTURUS”

Arrives

Sails!

Sept 20 from Japan. Sept. 21

for

Singapore,

Sweltenham, Madras, Colombo, Bombay, Karachi, Kharramshahr & Barrah,

M.S. "STAR BETELGEUSE”

Arrives

Sails

Oct. 5 from Japan.

Det: 6 for Singapore, Port Swetten- ham, Madras, Colombo, Bombay, Karachi, Khor- ramshahr & Basrah,

(Accepting cargo for transhipment Kobe/Fusa and Kobe/Okinawa)

EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephono 31205.

Chinese Department: Telephono 28293, .

America

Planning

Construction Of Giant Forges

New York, Sept. 17.

The United States is out to recapture technological air supremacy from Russia by building 18 of the world's largest warplane-making tools.

The tools are giant forge and extrusion presses, weighing from 13,500 to 50,000 tons each. They will pour out a steady flow of wing and fuselage panels, struts, braces, stringers, tubing and bomber wheels for the air- craft industry.

of

paris of the press The U.S. Air Force has said Integrat the Ruestaus may be using the which, with its hydraulic operat- biggest forge press in the world lng equipment, is valued at -one of over 30,000 tons the about $9,000,000. The company. that German parts Communista captured from the said

to high-spoed pro- Germans-to turn out swarms suction usage it would appear

stands up. of Its MIG-15 jets. At present America's largest, is one forge reasonable and right that other 18,500 tons brought over parts for other big presses will

be ordered abroad." from the Ruhr.

The first of the great new The spokesman said the bulk

of America's

forging present machines is being installed at of the Lafayette, Indiana, plant of capacity "is represented in three the Aluminium Company of forge presses that work against Amerlen D 13,500-ton tool us and for Hitler in World War which a spokesman for ALCOA II" These include one of 16,- shys is the world's largest ex-1.000 tons and two of 10,000 tons trusion

company press. The now plang another of 20,000 tons.

The spokesman ·

also

have

in

were

for

ald.

C. Light (0) 0.30 9.20 609

0.30 Electric XD22.20 22.40 1000 @ 22.30 Macro Elec. 10%

Telephonu 1740 17.00 INDUSTRIALS

Cement

Rope

STORES, ETC.

Dairy

Watson

17.40 1115 3000 mp 1815 500 € 10.30 110010.10

Crawford 20

COTTONS

EWO

The Rubber

Markets

Ills references to American tariffs were also made in this context. It has been suggested that certain delegations will demand t lowering of the American tarift barrier against imported colton goods.

Mr Stevens grasped the inliative on this point, too.

“MUTUALITY" NEEDED

60 -

Yoshida's Comments

The

"At the same time," he said, men for Red China trade the threat of Communism is and urged financial lenders being more keenly felt. On the to seek markets in South- whole the Japanese people are anti-Communistle but there are cast Asia.

avowed Communists and sympa.

Mr Yoshida, and his Finance thisers. But provided that the later, Hayato. Ikeda, con living of people could be ferred with some 90 Kansal

thic

assured, it is our belief that. further Invasion by Communism and the widening of its powers could be checked."

TRADE RESTRICTIONS

*C-

Anancial leaders in Osaka.

Mr Yorhidia emphatically stressed the need for building up a potent capacity to "cope with The American tariff on Im-

In International competition, ported cotton goods, he said;

order to realise this need, he was below the level maintained

Mr Abe said that Japan's

said, Japan should improve her by the majority of countries

textile industry Fica cotton

nc relations

with foreign nations, if we take into "particularly

into counted for 22.0 per cent of

States account that imports of cotton the total import trade in its particularly the United

and Britain. goods Into America are not

Exports of cotton goods

Regarding the proposed South- encumbered by quotas, by exportation of raw callon.... change restrictions, by ex counted for 27.3 per cent of the east Asian development pro- change taxes, by sales taxes at total but further expansion was gramme, hc

the expressed 2.40 1100 240 the port of entry or by any being cramped by restraints opinion that it could be best at-

other form of. hidden tariff."

and restrictions,

tained through Betion and moves Rather, he thought, world

"Despite the fact that all free of the businessmen themselves trade in

In cotton goods should be

nations at present are aiming and he hinted that businessmen expanded the "introverted

erted nationdemnat political and military soll- should not rely on the Govern

under-developed darity in the field of economies, ment too much. called

of currency has The Finance Minister, Hayato observing the convertibility countries and principle

of "mutuality" in been suspended, restriction of Ikeda, said that taxes will not be Importation has been strengthen-increased to pay reparations and foreign trade relations,

of markel-sharing raised,"

ed and import duties have been foreign debts. Foreign exchango

Mr Abe said.

amounting to $1,000,000,000-3 futuresments appeared to have potential ally, however, in

this state of affairs is to big asset to Jopen-will be used

all time, intor effectively for fostering the leader of the Indian delo- continue for Baltun

national trading can only con- nation's economic development.

Mr Ikeda added that it ̋wes" After

that declaring

the tract, and all hope for the een-

to enforco a right "paramount objective" of the nomic stability of the free world nebessary

will, foreign exchange control as in conference should be to protect will be lost and there

a foar of the im- the past.-France-Presse. the interests of consumery rather, be particularly those in Southeast possibility of attaining the very Asia, where spending power is alm of political and military low--he said competition solidarity."-Ualted Press. between exporting countries should not be un such a scale that it would strike at the very existence of the industry.

Singapore, Sept. 17, Prices of rubber closed today as follows:- Number,1_rubber, per ib.

October

-7794-36 November

7736- December

714-24 Number 2 rubber, October 07- Number 3 rubber, October 3-4 Number 4 rubber. October 70-77 Spot rubber, unbaled

Blanket crepe

61

02

No. 1 pale crepe .........................

103-100 -United PraIR. NEW YORK MARKET

A

New York, Sept. 17 Prices of rubber futures closed today 35 to 40 points lower with sales totalling 27 contracts. moderate price recession was caused by realising by recent buyers and by a pause in factory Interest. The spot market undertone was slightly easier in some directions. October November December January (1963) February March April

MAY

June July

August September October November December

Spot

A PHENOMENON "Given goodwill," he said, “I don't think it should be difficult for us to deviso ways and means for cach to have his share of cxport markets without being 2060 nominal detrimental to the interests of

the others."

28.50

25.AD

24.00 25.13

23.40 tid

2125 nominal

23.10 bid

25.02 nominal 24.03 bid

24.97 nominal

24,55

22:19

$4.05

27.50

United Press. LONDON MARKET

London, Sept. 17. Prices of rubber futures closed as follows:- Number 1 rubber, in perice

per it. October November December

January/March

Delober/December Apri/Juna

United Prose.

LONDON.TIN

MARKET

London, Sept. 17.. The tin market was irregular tons for with turnover of 70

anh. Prices closed at the end

Germans of us in fashioning such spokesman "the "We got our wer job done to nounced that within two years hard way by band. We found The company will operation two huge

that out later. Now we're try forgo presses, one of 80,000 and the Ing to catch up and go ahead.""

as follows:- Congress this year appropri- sold that ated $210,000,000, for this new

programme, The Air Force

contracta

other of 35,000 tons.

Industry leaders

while

He did not cluborate on this

Japanese Agency

In Manila

Manila, Sept. 17.

will

TRADE WITH FRANCE

tho

Tokyo. Sept. 17. Japan and the French Union have agreed to make even the unbalanced trade accounts be- tween the two nations in favour of Japan by the end of next January.

ROYAL INTEROCEAN LINES

“TJIMEITIRNG? "VAN RZUTSE-

SAILING'S.

.. Bapt. 23

P.8. Varin, Singisors, E. & A, ADICA Singapore, DJakača,

Búrabala & Alacassar.

Bamarang,

Djakaria, Semarang... Eprabala,

Macabar

Singidors, pharts,

Tomarang.

Bahia. 13. Porta, Belawan Deli. Singapore, . 0·0. Alries--

Bingapore, Mauritius, 8. Afisen

#. Auberic

Zapa

Djaksaa.

Blagayers..

Semarang. Burabata

"Furgonia &'Maresiar

Semarang,

"TJIKAMPER"

"SIWANGI“

"TJIGANTJET"

NTRAAT

MAKASSAD”

'Sept. T

OcL

Oct.

Z

"TEGELDEKO"

"PJHADANK"

“TJIBODASH

Oct.

Dct.

Oct. 12 Oct. 34

9

Japan

“TJILUWANTM

Oct. 16

"MAETSUYCKEN" .Oct.

"TAIMAN" "TJIWANGI"

Oct, 20

Nov,

1

Memarang,

*Wurmbela & Machisar

Nov. 3

Japan

Nov.

匪

Харад

Nov, 8

Nov. P

Nov. 10

Noy, X4 Nov. 16

bjakarta,

*RUY8" "TJIPANAS" "TJADANE"

"TJIPONDOK”

"STRAAT

MALAKKA

"VAN BEUTBZ" “TJĀLUWAII"

"TJIMENTEN(" "VAN HEUTSZA "ТАНКАМТЕК" "TUWANGI"

.

Bingapore & Djakarta

Singapore, Penang & Belawan Dell

SINEPOTE, Djakarta.

Bingapore. Mauritios, B. Africa, #

M. America....

Bemarang

Betebala

pianila, singapore, 8. Africa, a 2,

America

- Singapore, Penang & Bolawan pell. Blogapore. Djukarta. Bemarans

"Barabais" Macassar

ABRIVALE

In Port

Sept. 18

Hept. 25

Sept. 28

Тарад

From

Belawan Dell, Penang, A Bingapore Japan MacasKAY,

Surabala, Bemarang,

Djakarta de Singapore

́KING'S BUILDING, Ground Floor.

TEL. 28015/18.

CHINESE AGENTS: 82 CONNAUGHT RP. V. TELA,' SIDDG, 25133

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, 12× SAN FRANCISCO, LOB ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "NICOLINE MAERSK”

M.S. "ANNA MAERSK”

M.S. "LEXA MAERSK"

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

ARRIVALS FROM U.S.A.

Sept. 30 Oct. 16.

Nov.

2

Sept. 22

Oct; Oct. 18

For Freight and Further Particulars please apply to t

AGENTS:

JERSEN & CO.

Pedder Building.

Tel. Nos. 36066-9.

Dates and rotation subject to change without notice. Alberty to proceed vin other parts to load/decharre cargo.

M.V. “LA MARSEILLAISE”

will sail for Yokohama and Kobe

on.

FRIDAY, SEPTEMBER 19, 1952

AT 7 P.M.

Passengers are requested to board the vessel with their cabin baggage on the 19th Sept. between 3 and 6 p.m. Baggage Room and Hold Baggage will be registered at Kowloon Godown No. 60 (No, 2 Gate Canton Road Entrance) on the 18th Sept, between 2 and 5 p.m. and on the 19th Sept, from 9 a.m. to noon only. No baggage will be registered after this time.

The export excess of Japan. amounding to $27,000,000 39 of the end of August, will be eli- minated by instalment payments and increased Japanese imports, The French, Union will pay five to Seven million dollars during this month and then will theme but undoubtedly he will

Immediate establishment of a endeavour to offset the remein- express his view on this matter Japanese overseas hgency in der as far as possible by export- in more detall during later Manila has been approved by ing more to Japan than import- stages of the conference.

the Philippines Government, the ing.

However; should the French Dr W. T. Kroese, of Holland, Foreign Offee announced today. | ---Tht leader of the West European

agency

comprise Union still fall to liquidate the delegation to the conference, re- four members headed by Mesa- unbalanced trade account at the ferred to the "spectaculari in hide Kanayana, 43, a member of end of November, it will pay ercast of the Japanese share of the European-American Affairs half of the account in dollars.

nese Foreign the world market before the Bureau of the Japanese

Japan usually imporis more COMPAGNIE DES MESSAGERIES Charge goods Ministry and former

from the French Union d'Affaires in. the Vatican.

than it exports during the It will officially be known as tatter half of a year, "It will interest everyone of t to learn how the comeback of

tho Japanese

trade ac Government fore, the unbalanced this very formidable force since

Overgens

Agency and will serve count

to Shirink counts are coum 1945 has

expected been effected," he as a stop-gap mission pending gradually. But, should the da Bald.

resumption of full diplomatie The up-surge of American and relations between Japan and ficit still exist at the end of January, the French Union will Indion cotton goods exports was the Philippines. The Philip- another phenomenon" of recenti ine

opposes ratifica-pay all of the unbalanced ac pines Senuto

count in dollars to bring about For years-London Express Service- tion of the Japanese Peace

a balanced trade account with JAPAN'S VITAL NEED Treaty on grounds of inadequate

Japan. London, Sept. 17. reparations

payment Kofiro Abe, leader of the Japari. Japanese delegation to the 30-

The agoncy will be accorded ternational Cotton Conference, the same privileges enjoyed, by stressed the vital need for ex-

the Philippines

Будг

of the official morning session terence would have for fis ob present

9001

Foreign

Ject the callbation of the live attacha 901 and-let live principle based on Kichiji 03-961 international harmony and that

in Buyers

Spot tin, allege

Business done di

and

Three-moothe tin, tuyeTI Three-months Un, bellera Bure done st

041

4

theso presses will behandling de "American-bull," tool makers financing for the presses which of Western Germany and por are to be Icased to haps elsewhere In Europe may that later may buy them for have an opportunity to make peacetime

Ports

for them. Already, the Schloeman Company works at Dusseldorf has made five hugo

castings which have arrived at Lafayette.

The ALCOA spokesman said

industries

production. →→→`As-

Bociated Press,

Copra Quotation

.

New York, Sept. 17. Copra was quoted today at the Government.found it could | $197 per short ton, naked. yet the castings, cheaper and Coconut oil was quoted at faster from Germany, than from 10% conta a pound, asked 'domestlemilla. They will be United Press,

Gettlement

י,י

from

There

IMPORTS FROM P.X

The

Japanese shortly

گار

to the

10-

Government rosume

import Mission

in will pansion in Japan's economy Tokyo, a Foreign Office spokes-from the Philippines of various commodities under the automa- which was necessary to mustain

man said, the livelihood of more than

85,"

agoncy members the approval system except for The other 000,000 people.

Nakagawn, 42, at the existing Trade

is amply covered which

Agree Mr Abo hoped that the con- are Tohru

♫ Eccretary of tho

a source close. Ministry and former ment,

In- and International Trond in Thailand;

Alsclosed Ministry Kosekl, 36, a formigu

050

The decision followed the Japan would spare no efforts in secretary of the Foreign Minis

try Associated Press. 951-931 co-operating.

recent extension of the Japan- Philippine Trade and Financial months the end of January next усяг

approval system

suspended August 18 pending the extension at the agreements. The Govern ment expects to receive plications for the import of limber and hemp, the source said.France-Presse.

United Press.

"We are not forgetting that in the peace treaty which we signed

we deshired Tant we shall con JAPANESE BONDS Agreement for four

Exchange Rates form to internationally-accepted

Cair practicom in public and pri vato trade and commerve," sald

*

London Sept. 17. of 1000) 01 bonds "A" (45.

"B" (4. of 1910) 68

O % of 1907).182%

of 1934) 94 ho. of 1930) 154

... 59% -United Prom.

he Japanes

Mr Abe gave the conference were the (0.34 | Biktisfies, which 150ubject of favourabló, cominent 2400 by the leader of the European 10.15 delegation, Dr K. Kromo of Console

10 Holland...

Buredness was done in the Local sung Micial exchange market this motting at the following, lentoppen UB. döllər (per 81) 55 Sterling note per €1) vopre Indonesian guldere (per 900) Alpen Lionis (Bar 100)" Singapore (ŭtraits)

XIC piartros (per 100)

The automatio

was

'some

MARITIMES

Queen's Building

Tel: 26651

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if necessary at Short Notice

TELEPHONE 20.00 2

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ask for Mr. Labrum

THE

"POST" TYPHOON

MAP

Incorporating amend- monta to the' Local and: Non-Local Storm Signal Godor..

$5.00

Mounted Unmounted $4.00.

Obtainable from

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