1952-09-23 — Page 9

4

MESSAGERIES M

"SAINT MARCOUF"..

"PEI NO"

Arriving

08

THE CHINA MAIL, TUESDAY, SEPTEMBER 23, 1952.

MARITIMES Commonwealth Experts Begin

Leaving

Get. 25

Oct.

Nov,

15

Nov. 21

*"LA MARSEILLAISE", Sept. 29

GRENOBLE"

1"FALAISE"

..Oct. 4

23 ..Oct.

Sept. 30 Oct. t Oct. 1

For passenger and freight.

M

Dutward For

Japan Japani

Homeward For

Marselles via Balgon

N. Africa & Europe N. Africa & Europe

1 For freight to Salon, Algiers, Oran, Tangler, Casablanca,

D

Havre, Dunkirk, Antwerp & Rotterdam,

Accepting -cargo:

-vla Marseilles to all Mediterranesth & West Africa Ports. -vla Djibouti to Madagascar.

Subject To Change, Without Notice.

CIE DES MESSAGERIES MARITIMES

P.O. Box 53, Hongkong

Queen's Building (gr. floor)

Tel. 26851 (3 lines).

E

EVERETT LINES

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

"LENEVERETT"

Arrives

Sulls

Sepl, 24

from Slugapore.

Sept. 25 for Kobe, Moji,

"NOREVERETT"

Arrives Soils

Yokohama,

Nagoya,

Sept. 30 from Manila.

Oel,

fear }

Osaka,

Shimizu

Penanc.

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,

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

Arrives

Salle

Oct. 5 from Japan. Oct.

4

for

Slogapore,

Port Sweltenham, Madras, Colombo, Bombay, Karachi,' ramshahr, & Basrah.

M.S. "NORDSTJERNAN”

Arrives Sailo

Oct. 21 from Singapore, Oct. 22 for Kobe & Yokohams. (Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)

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

Jap Mission To

Indonesia

Tokyo, Sept. 22.

economic

A Japanese mission to Indonesia will leave for Djakarta in mid- (Ictober for a fortnight's

vjutt.

The Trade and Industry Association, whose aim is Far East trade expansion, yesterday formally decided 01 the despatch of the mission which will be com- posed of civilian Indus irialists and fancler-e France-Presse.

The Rubber

Markets

Singapore, Sept. 22. Prices of rubber, futures closed today as follows:- Number 1 rubber, per lb.

October

November December

7019-32 70%-16- 2016-75 Number 2 rublier, October 701-7 Number 3 rubber, October 6812-07 Number rubber, October 421-4315 Spot rubber, unbeled Blanket crepe

■

7532-70% 0311-03% 102-107 NJ. 1 pole crepe ................

-United Press, LONDON MARKET

London, Sept. 22. Prices of rubber futures closed today to follows:- Number 1 rubber, in pence

per lb.

October

November

December

October/December

January/March

April/June

2215-14 2315-13

22 P 22324-36

-United Press.

ALASKAN PULP FOR JAPANESE?

Washington, Sept. 22. Three Japanese forestry ex perts will visit the State Depart- the nient today to explore possibilities of obtaining Alas- kan wood pulp for Japanese

ផង,

Tomlo Mori, Press Attache of the Japanese Embassy, told a reporter he did not know who would

United represent the States at the conference. The three

visitors - Japanese Junichiro Kobayashi, Shinichl Tanaka and Dr Koichi Aki--- Would be accompanied by a representative of the Japanese Embassy.

Newsprint Price

Up Again

New York, Sept. 22, The Great Northern Paper Company announced today a $7 per ton Increase in the price of newsprint offcclive on October 1-the blczest price Increase in domestic newsprint since June.

In advising Ita customers

new

of the Increase, the Great Northern sald that its price for New York would be $123 deliveries,

the usual sealing for other sections

with ton

of the country.

The Great Northern ships its paper

United Press.

from Maine

Japanese Aid To

SE Asia Countries

Talks

On Plan

For

Economic Recovery

London, Sept. 22.

Commonwealth experts met here today to launch the biggest effort yet made to make the Sterling Area solvent and independent of foreign aid.

The experts-about 50 senior economic and trade officials from nine countries--gathered at the

Japan & Taipei

Treasury to draw up a full recovery and develop Disagree

ment plan.

This in its turn will be examined and decided upon at an economic by Commonwealth Prime Ministers

conference here in November and December.

The main theme of the new the, United States presidential drive to strengthen Sterling is to election. solve

Fage 91

ROYAL INTEROCEAN LINES

"JIWANQI ***JIRANTIKEN

"BTRAAT

MAKASSAR

"ZEGELPERO“ "TJATANE" "TIMODAS"

| "TJILUWAŃ"

"YAN BEUTS7" "BTRAAT

NALAKKA”

"MARTBUYCKER"

TASMAN" *TIANGI"

"NUYS" "TJIVANAS" ***JJJADANE

BAKLINGS

በቡ

att.

Oct. .

Det. 2

To

· Blagapore. ・・ Piskerts, Asigurarile di Marasiny

Semprang,

Mani P... Porta," Dijawen · Dall,

Singapore, X. 9. Africa

Singapore, Mauritius, 8. Africa

8. America

Japan

Djkerta, Bemarang, Burgbala

PIRMAY

Singapore Djakarta, BATROS

"Wyrobale & areasdar

Japon

Bingapore & Djakarta

Singapore, Penang & Delawan Del Singapore, Data: STORYADE,

Burabila & Macuitar

Зарад

Зарад

#lagappro. Maurifjun, A. Atqjca, *

"America

DjAkatla, Semarang Sursbain

----Det.

12

14

Oft.

Pet 20

Act. Oct. 25 Oct. 1

Гарал

NOT. F Noy. NOP.

"TJIPONDOK”.

NOT. ·

"STRAAT

MALAKKA

For-

*Van HeutĖZ"

TJILUWAII"

"TEGELBERG" “JKAMPEK**

"TJIWANGI"

“TEQELBENG"

Nov, 10

Now. 14 Bay, 19

Now, #I Nov. T

Dec.

Pec.

Dec.

*

14

Djakarta, Bemarang,

Diperkar

Dre. 16

36 Dec. Jan. 2.

Trade Talks Snag

Taipei, Sept. 22. The beginning of large- fundamental and per- The controversial GATT. is scale trade. between manent solutions to the Common-expected to figure prominently wealth's economic and financial problems.

The experts want to put an end, once and for all, to the crises which have continuously drained the Sterling Area's health since the end of the war.

at the conference because somo, moxa and Japan is threaten- of the Commonwealth's mened by growing differences on bera have been chaling at the shipping.

restrictions, and use of any urging its revision,

Canada hos made it clear that she favours arrangements more freedom of trade while Pakistan and India also believe that the advantage Bes in the same direction.

South Africa, on the

other hand favours

measures for greater degree Preference.

for

of Imperial

Both Japanese and Chinese shippers are insisting on a major share of the business and, according to information rec

ceived here from the Chinezo mission now in Japan. shippers there does not appear to be much hope of reaching agree- ment at present.

Countries represented at to- day's talks-which are expected to lart between three weeks and a month are Australia, Britain, Canuda, Ceylon, India, New Zea- land, Pakistan, South Africa and South Rhodesis.

The officials are expected to

several committees to deal' Tho, long-term uim of the conference is to prepare a way Sterling for of

of fate. converiibility Commonwealth Sterling which was the avowed development projects, e

aim of the Finance Ministers meeting in January when it was decided that this objective could be attained only by complete co-operation among all Sterling Area members.

question convertibility,

terials

Tokyo, Sept. 22. The Japanese Government is expected to earmark next so various problems including

with to the a substantial sum year send Japanese technicians to Southeast Asia.

of purchases of will train The techniciana

This under long-term programmes. Southeast Asian students,

The heads of the eight visiting step will be re first Japanese

Commonwealth delegations had inove for closer economic

A separate private meeting here option with Southeast Asia.

with Sir Frank Most of the technicians will this morning be experts in light Industry and cottage industries,

Ten technicians have already Kone to India, Butra, Thailand and Indonesia to work under United Nations allistes

However, these countries have asked for more resistance and training.

J1

are not

Λε present there enough facilities Japan to in teachers from those coun- tries so the Government favours sending Japanese overseas,

Govern- It is believed the nent will later try and bring to Japan for more foreigners training.

This will entail expansion of hostels, technical schools and which will probably, start next about 300 year. When ready, &ludents will be able to come to Japan from overseas.

They wili receive special language courses in Japanese.

The Japanese Government, under its aid scheme, will then pay their training and living Expenses, Reufer.

Cotton Price

Improves

3

Lee, Permanent Secretary to the Board of Tradie, who is leading the British delegation.

DRAFT AGENDA Beenuse of the preparatory nature of the talks, no official communiques will be issued by the Treasury.

ut their first The oficiais plenary session this afternoon them a draft_pro- had before visional agenda for the Prime Ministers Conference.

This had boots cicculated to the Commonwealth Governments for their comments and suggestions several weeks ago.

The experts will continue dis- cussions on procedural ques- lons during the three days.

A

next two or

usually reliable source said tonight that the officials would 10- be meeting in committees. morrow,

The conference is setting up con- committees a three vertibility committee, a develop- ment

committee and o com- modities committee.

MORE LATER Additional committees arc expected to be set up later this

wock.

The Commonwealth Relations Office will give an evening re- ception on Wednesday to meet the officials.

A Treasury spokesman sold that Sir Frank Lee, Permanent Secretary of the Board of Trade, preskled over today's plenary

Hassan,

free

cur

Omelaje attending the rent cenference will report back to their respective governments on their findings in all these issues before the Prime Minis ters leave their capitals for November's meeting. This meet- will rivol ing, oicials believe, the historic conference at Ottawa in 1952.-Renter Press,

ond

United

Some German

Goods Said "Too Dear"

Hamburg, Sept. 22. Some German goods, notably cotton, textiles and machines, were loo

Fot

ny

were

Shipping circles" here told that at least 13 Japanese shipping concerns wanted to into the Sino-Japanese irade. The Chinese Word derstood to be insisting that to Talwan be Japanese runs limited to three month with at least twice the remainder, that number, going to ships of Lite China

Merchants Steam

Navigation Company, a Govern- ment -

- controlled line. The Chinese are anxious to get op many of their idle merchantmen into action as soon as possible, It is also understood the Chinese are insisting on guaran- tees that Japanese lines retrain from any significant sailings between Japan and Communist China.

TEMPORARY PACT

The Chinese here are opposed to any ships calling at Com- munist ports entering any For- Inasun harbours. The Chinese are also reported to be refusing to discuss business with any of Arms which are the Japanese linked to the Japan-Red China

Trade Promotion

It la becoming more likely, sources here sald, that final have to be re- Agreement will ferred to diplomatic

to

levels. between the

dear compared with erzments on trade and com-

goods from other countries, Dr Omar Hayat Malik, Pakistani merce, aviation, fishing, naviga-

and related tion

matters not Ambassador to West Germany, provided in the Sino-Japanese said today.

Dr Malik, who was speaking peace treaty, will probably not at a news conference, said that get under way here unul much

Jater in the year.

In the mean- Germany's biggest competitor nume the temporary

agreement month cotton textiles was Japan,

The Pakistan open general which is extended cach

will remain in effect. T to be restricted

Discussion of trade troubles at licence had because of falling prices for

government level will not have a Paldistan's two main products, chance of getting started until cotton and jute, The Govern after Ambassador Hollington ment hopes, however, to be able Tong gets settled in his Tokyo to extend the licence in the near | post and the Japanese Ambassa- future.

dor to Formosa, Kenkichi Yoshi-

הם

"TJIBODAS”

"TJ}}UWAH"

"DOISREVAIN" "TJIWANGI"

"TUWANG!"

"TIDANTIET" "TJILUWAII" JEOFLDBBG"

"STRAAT

NAKABSAT"

*

"Mispila. Binkydoro. §. Africs, & 8.

"America.

Ringapore, Penang & Belawan Doll Singapore, Djakarta, Semarang,

Surabala & Marssy

Japan

Jakarta

Macarist

Bemarang.

Burabal

Blagapore, Djakarta. Semarang.

Bárabala & Matnasar

Manila. Bingapore, Mauritus,

Africa & H. America.

..

Hurabala

singapore, Djakarta, Bemara

Surabain & Macassar,

Japan

BİNZADATE. Mjakarta, · Remarang.

SurapNA & incassar

ARRIVALS ... From

Burabalz

"Pikkaşta & Singapore

Bepi. 28

+

Ock Det.

Украд

Oct,

#

1 Dict.

Semarang,

hjakarta, Bemarang. Borabala

8. Amities, H. Africa, Maurition Kingsport, Djukarta & Manila

Japan

KING'S BUILDING, Ground Floor.

TEL. 28015/18,

CHINESE AGENTS: 82 CONNAUGJIT RD, Ø. TELS. 31100. 25183

MAERSK

LINE

FAST FORTNIGHTLY-SERVICE TO:

NEW YORK. BOSTON, BALTINOBE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA.

M.S.

NEXT SAILINGS

"NICOLINE MAERSK!! M.8. "ANNA MAERSK" M.S. "LEXA MAERSK”

Oct. 2

Oct. 10

... Nov. 2

ARRIVALS FROM U.S.A.

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

In Port Buoy A-2

Oct. Oct. 18

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building.

Tel. Nos. 36066-9.

Dates and rotation mbject to change without notice.

A liberty to proceed via other p9fja ❤ Toqp/dtecharge cargo.

New York, Sept. 22.

A German trade delegation, zawa, likewise gets fully estab- Cotton prices closed higher today with nearby December

led by Herr Hilgor Van Scherished there. Ambassador Tong session.

of penberg

tho Economics leaves for Tokyo via Civil Air PENINSULAR and October up as high as

Wednesday. strong a bule. After

Mr Saced $2.45

Joint Ministry, was expected to go to Transport to The Pakistan Pakistan soon to discuss the United Press. opening, prices slipped slightly secretory

Ministry, effects of the changes in the open under the highs due to profit- Economic

the Pakistan sistent liquidation

He

thought It possible that unsettling delegation. also had

jent German-Pakistani cham- Pakistani ber of trade ́ ́and commerce the effect

balance of the The other market. However, cotton futures delegates arrived here last week, might be founded this year. again strengthened

Affairs

taking and hedging. The per- arrived by air from Karachi to-general licence.

Icad in nearby day, to

October

on

near

the

20

close.

The market opened 10

first After the points higher. hour, prices ranged to 30 to 35 points higher, then closed 25 to 50 points higher. Prices closed today as follows:-

Spot

October

December

M3T)

May July October December March (1054)

.95 nominal 39,20-30.31

39.35-39.39

39.28-39.37

19.10-30-12

33.48-38.53

4.00

35.70 bld

United Press.

t

Nelthe the visitors nor the New York Sugar

Embarsy wished to make a state- ment in advance of the meeting.

World

Futures

:

The visitors may explore the possiblity of establishing a pulp

New York, Sept. 22.. mill in Alaska under control of a

sugur futures closed Joint Japanese-American group.

Franklin Hawley of the State today to 2 lower.

Contract No. 6 closed 1 lower Department's. Japanese Section

to 3 higher. sald last week he expected the discussions to be chiefly explorn- sory. Japan has been interested in obtaining pulp from Alaskan forests because Japan's timber locks have been decreasing and because a principal source of limber supplies has been taken over by the Communists in Mon churia Associated Press.

LONDON TIN MARKET

London, Sept. 22. The in market was, barely

JAPANESE BONDS steady.

Japanese

London, Sept. 22.

bonds "A" (45. of 1899) 82

"3" (40.

of 1910) 68

"C" (45.

of 1907) 1204 (51. of 1034) 03 "E" (0%8. of 1830) 152

80

-United PresBS. “

Contract No. 4 (world)

24.03 2.04 3.02 bld

October January

March

May July

October January

3.04 bid

3.80 nominal

3.88 bid

3.93 nominal

4.00

September

Spot

November March May July September Spal

Contract No. €

$.40

5,30

3.04

5.69 nominal

6.05 ***ünlied ProsN.

Ave

THE TASK

+

Throughout the past two months the Treasury and other Departments have been studying main economic questions con- cerning the Sterling Arca and the results of decisions taken by Commonwealth Finance Ministers last January to com- plle statistics, for the currency conference.

the

Pakistani authorities had noted

lately that more and more German firms were setting up branches in Pakistan or sending

les representatives.

Trade between the two coun- had reached a high level, but Germany was Pakistan's debtor. In 1951, West Germany

197,000,000 imported

marks worth of goods from Pakistan.

During the first three months The tasks before the offcipis

1952, German Imports had co-ordinate ot now will be to

been 03,000,000 marks and ex- material which has been accu-

This mulated and to reach tentative ports 25,000,000 marks. conclusions about the funda-tendency mental nature of the problema changed in the second quarter. to tackled by the Prime Reuter,

The Financial Times raid

that

had remained

HONGKONG SHARE MARKET

(From Our Correspondent)

on the Stock Business done Exchange this morning totalled 3271,453.85. Noon

quotations and the morning's transactions:-

un-

Test. Aft...

SHARES BUYERS SELLERS BALES BANKS

KK Bank...

201410 1410

100 150

147

INBUILANCES

་་་

UMon

DOCKS, ETC.

100

Dock

the whole thing had bos Grain Prices

cerned

with the Commonwealth

In Chicago

planned as a large-scale strate- gle exercise with five months of Gold work by lower echelorTS

and the "Churchilk | : # behind touch clearly in evidence

every

subject con- Almost

Chicago, Sept. 22: economy of the

Prices of grain futures closed will today as follows: countries

Wheat-Price per bushel A. be discussed by the conference.

2.311-31 Spot There include import and

December

3.371-27 problema, internal and ex-March.

2.4211 expenditure, long-term || May

Cor sing plans, development purchasing

1,71-1.73 pelley, the General Agreement pet on Tariffs and Trade, Imperial December Preference and the International May Monetary Fund.

2. When"

#

has

K Whart

Bhai Dock Whoclock Kongkow LANDSETS. *fik Hotel Chit Land (0)

··ink Land (N)

250 00

ARABIL

́& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CANTON"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

FRIDAY the 26th September at 12,00 noon for the UNITED KINGDOM vin Straits, Colombo, Bombay, Aden and Port Said.

ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at NO. 2 GATE, CAN- TON ROAD ENTRANCE By noon on THURSDAY the 25th September, 1952.

3-SPECIAL NOTE: With the exception of hand packages carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co's Godown for loading on board by ship's slings only,

1.40

1120 130

Bhai Land". 14

UTILITIES

· Tram_1020 19.30 500, 1950

Star Ferry..

103

•C, Light (0) 8.10

C. Light (N)

Elterle XD 22.10 Maeso · Elec. 201j

Telephone 171 1.70 INDUSTRUALS

Coment

Rope

Watson

9.30

1300 @ 22.10

1711

1.0814-1 1.23 1.731-1.74

STORES, ETC.

Dalry

10.1p 10.20 1000

19.20

600 19.10

20.00

1.2435 19716

噩

Ewo

2.40

8014-15 1004-1

Tea

Biarch ›

Kyo general. Cominon-spot

boen Septembar policy Wasted the next

DAL step will take the form of consultations September with the United States which New York Flour-per 200 lb. Sack.

possibilition of $18.30, nominal-United Press, will include Investment of American capital

Turnover was 65 tons, NY Stock Exchange in Commonwealth countries.

Prices none of it. for cash. closed at the end of the official morning session as follows:---

Now York, Sept. 22. Dow Jones averages at

the

end of the stock market scapion stood as follows-

Spot tin, buyers

Spet tin, boilers

Dusiness done at

SI nil

Three-months tin, buyers

040%

59 industrials

Three-months Un, wollen

030

20 raile aten

Durditsa dona at sai Bellement

-15 tilities

201

United Press.

GATT. ARGUMENT

This would be linked with

for the strengthening of plans

the economies of the free world #1877 08-9, whole which the Primé Minister, Mr Winston Churchill, Bob has already intimated he wants

to discuss in Washington after),

96.42

'Spot

Taiwan

One

Talpel, Sept. 22.

pounds -ot million

Exchange Rates Taiwan-produced black ten will

done in the loft Duziness 'uomelia, wkchapte

morning at the followin US dollar (DAY 3}} Sterling rate (per indonesiang guilder iper ((190). Bim, tients (per 100) Bingaporo (Biruija). Fichpinsters (rer:199],57

10.30

be listed, by the Nationsllats in a trade agreement now, yndor, discussion as one of the com modities for export to Japan,

The export value of the len is estimated at : NT$4,300,000,- Franco-Pressa, ·

.

EMBARKATION: Will take place FRIDAY, the 20th September, 1952 between 9.30 9.m. and 11.00 m

Tp ADVERTISERS

BUNDAY POST-HERALD

Opaco

for

commercia should booked not, later tha

advertising

noon on Wednesdays,

BUSINESS REGULATION ORDINANCE

1952

MERKENAL | Copies of the prescribed

For the SOUTH CHINA Forms

MORNING ROST and the CHINA MAIL 40 bpurs. before" dale of pubsticktion.

#pcolat Announcements and Classified Advertise- monta se vkust.

1(a) 1(b), and I (c))

**

Now On Sale at S..C. M. Post, Ltd.

Kowloon

Hongkong and Kow

TEN CENTS EACH