1952-10-01 — Page 9

MESSAGERIES « MARITIMES

M

"SAINT MARCOUF

"PEI HO"...

"GRENOBLE"

**'FALAISE

Arriving

Oct. 20 ..Nov. 10

Leaving

Oct. 25- Nov. 21

M

Outward For

Japan JABAR

flareward for

1

..Oct. 16

Oct. »

Oct. 20

N. Africa

Europe

N. Africa & Europe

For passenger and freight.

t For freight to Saigon, Algiers, Oran, Tangier, Casablanca,

Havre, Dunkirk, Antwerp & Rotterdam,

Accepting cargo:

-vla Marseilles to all Mediterranean & West Airlin Ports. -Via Djibouti to Madagascar.

Bobject To Changs Without Notice.

CIE DES MESSAGERIES MARITIMES

P.O. Box 58, Hongkong

Queen's Building (gr. floor)

EVERETT

Tel. 26651 (8" 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 Ports,

"NOREVERETT"

In Port Sails

Loading

Oct. 1 for

Penana.

Singapore, Rangoon & Calcutta.

"BRADEVERETT"

Arrives Saila

Oct. 8 from Singapore. Oct. 9

for Kobe, Osaka, Nagoya &# Yokohama.

(Accopling cargo for transhipment Kobo/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 Sails

Singapore,

Port

Oct 5 from Japan. Oct. @ for

Swetterham, Madras, Colombo, Bombay, Karachi, Kharramshahr, Basrah & Bahrein.

M.S. “NORDSTJERNAN”

Arrives Salts

Oct. 21 from Singapore.

Oct. 22 for Kobe & Yokohama.

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

· EVERETT STEAMSHIP CORPORATION=S/A---

Queen's Building, Tolophona 31206. Chinose Department: Tolephono 28293.

Sugar Council To

Hold Plenary

THE CHINA MAIL, WEDNESDAY, OCTOBER 1, 1952.

Thai Mission

To Japan

Tokyo, Sept. 30.

A Lix-man Thal ecocomfo mission wit arrive here, probably tomorrow after- noon, for an inspection of

condlilons economic this country.

In

Colonel Sirt Siryadhin. Deputy Minister

Economic Affairs, in the leader of the mission.

An

The Ministry of Interna. tional Trade and Industry

the Thai Bald

coonomie making mission extensive tour of the Far Fast and has no specific problems to talk over with the Japanese Government authorities-Router.

Allocation Of Rice To Stand

U.S. Exporters Feel Effects Of Malaya Import Cuts

MARKETS SHRINKING

New York, Sept. 30.

American exporters find their world markets shrinking. This comes just when many US. manufacturers need to sell more abroad, if their plants are to run full time.

Farm products are also affected. Agricul- tural exports are 33 per cent below a year ago,

Both farmer and businessman are watching the meeting in London of trade and finance officials of aight British Commonwealth nations seeking to im- prove trado conditions in the Sterling Area. The American businessman and farmer could be the losers,

Trade Warning

Effects Of Lower Rubber Price

Page-9

ROYAL INTEROCEAN LINES

MITRAAT

· MAKASBAR“

#

| "TRGELBENG"

"TJIHODAS"

„MANIJA.

Djakarta

diyapan, to Burábala,--ki BoMNYÁNK, Belawan £7011

Birīgapore, K. & 5, Africa

P.1. Ports, Singapore, Mauritios, A. Africa a

8. America

Japan

Djakarta, Bemarang, Surabala

Macassar

Bursbain & Macasear

Japan

*

Plakarta, Remarang. Amahals

Macassaf

Bingapore, Djakarta & Fremantle

Surabala & Macassar

Japan

Ermarang,

Det.

Det.

JAPANE

Oth

Зарад

"TJILUWAH"

Ocl. 10

Bingapore, Djakarta,

YAN HEUTS2"

Oct.

"STRAAT

MALAKKA“

Oct.

+1

"TASMAN"

Oct. 22

"MASTBUYCKER

Oct.

23

"TITWANGI"

"RUYE"

Nov:

Singapore, Bjakarta, Beniarang,

Now,

JADRA

Nov.

Nov.

•

Hingapore, Mantilitie, B, Africa, à

#America Djakiri,Bemarang. Surpðila

&

*,

Nay,

17

Nov,

"TEGELBERG“ *VAN HEUTAZ”

Nov. 20

**TIIWANGI"

**TJIKAMPEK”,

"TEGELBERGTM

*TJILUWAK

"TJIBODAS"

Nov. 21

Doc.

Dec.

Deo.

Dec.

Dec.

jakarta.

Burahain

Matzea?

BOISSEVAIN"

Dec.

Japan

Jasi.

Singapore,

Djakarta,

Semarang,

*STRAAT

MALAKKA

Singapore, Sept. 30. The heavy fall in the price of rubber will bring "IJIPANAS" "less easy days" to Malays, "TJISADANE" according to Mr E. M. F. JIONDOR" Fergusson, Chairman of the Singapore Chamber of Com merce, in his half yearly "LUWAN speech....

Reviewing trade for the half year, Mr Fergusson sakl that the pan-Mainyan figures com Because these nations, ike: Since the start of the Korean pared with the first half of 1951

U.S. many

former good war, prices of V.a. goods ex-showed a decrease in the value S$434,000,000, customers, have been raising ported have gone up an average of imports by barriers against American-goods of one-fifth. Prices of goods There was also a corresponding Reversing their former tree America buys from Europe have drop in exports amounting to

5$1,457,000,000. Washington, Sept. 30.

En, said Mr Fergusson, had American officials said to-spending habits, they started in increased by an average of

to try to live more than a third,

remained steady, but rubber, recent month

U.S. CRITICISM day there was virtually no within their means. One of the

Many American businessmen the mainstay of the Malayan »TIWANG!"

had continuod Ita prospect that Japan would first steps way to buy less from

who have visited Europe also economy, be able to buy American rice the U.S.

criticise incfileient production downward trend in price, and a. rubber industry They say they would not be methods there. They say this non-profitable this year.

chronically short of dollars if has a lot to do with European had always affected trade and tons allocated the Japanese for America would lower tarifts and inability to sell mora goods for prosperity generally in Malaya,

American Decision

They said the 75,000

'

short

new

the period from August through December, 1952, was, all that could be made available for

the thot

country until allotments in January,

Japanese havo naked to The. be allowed to purchase 300.000

United States rice dur

tons of Un

ing the year-end period. Thus the American allocation foll 225.000 tons short of meeting. their desires.

to

Japanese here have protested to the Americans concerning the smallness of their allocation. However, American officials have explained that it is im- possible to certificate more that

at this time. country

1. Rice is now on the "poslitve list"

of exports, requiring, a special permit for each ship- ment abroad. Only shipments to Canada are exempted.

PROTESTS EXPECTED

United States officials said it was quite likely that an addi- tional rice allocation for Japan would be made in January but added that they wanted to make no firm, promika,

Korea as well as Japan had protested the smallues of their rice allocation during the cur rent period.

Oficials pointed

out that avallable American rice at this time, totalling 304,000 tons, had been allocated for shipment and any increase to one country

nation.

Mr

67-year-old Fergusson, buy more from them,

dollars. Many American businessmen,

They contend that if Europe Chairman and Managing Director however, say the chief reasons curbed inflation, really tried to of the Straits Trading Company, Europe cannot sell more here produce things American con- one of the world's greatest tin are price inflation and inefficient sumers like, and increased pro- smelting concerns, did not con- production methods.

duction efficiency, a lot of the rider that a slump was ou the so-called dollar shortage will be way. cured,

Cars Now

'Luxury' In Indonesia

Djakarta, Sept. 30.

►

Manila, Bingapore, & B. ‹ Afrien

Djakarta, Semarang.

Bigla & Matrisar

Japan

Djakarta, Bemarang, Burabala

Messer

Singapore, Djakarta,

Burabala di þínézusat

Djalasta

J

Semarang.

1. Africa B. America

Singapore, Djakarta, Semarang, Burahaja dr. Marassar una

Semarang,

Bemarang,

ZMANIAK., BizKADOT

Surabala & AIALASSAT

ARRIVALS From

Масяша

Burkbal &

Barbata, Semarang,

'Djakarta i Singapore

Djakarin, Bemarang,

**TJIWANGI"

In

"TĦIDANTJET" "TJILUWAR**

TEGELDERG”

"BTRAAT

Port

Oct. 1

Japan

Get. 7

Oct.

Oct.

MAKASSAR"

MACRE

Surabala

8. America. 8. Africa, Mauritia, Singapore, Djakarta & Manila

Japan

KING'S. BUILDING, Ground Floor. "I

"Nevertheless," he said. suggest to you that the present trend may last for some .COMTM siderable time."

SIGN OF WEAKNESS

In the

Motor-cars may soon become gold und dollar reserves to some i sterlint on: "This weakness

extent.

Although down from their U.S. imports are

still peak,

In the first six running high.

During his review of Malayan months of this year the United trudo in the first half of the cur- Stales imported $5,500,000,000 rent year, Mr Fergusson made a worth of goods. In the same time veiled

attack on. Whitehall, exported a little more than condensing the Exchange Cun- $7,000,000,000 worth, exclusive trol Bill. of military aid.

To meet this defloit-or trade The restraints and prohibi- gop-of $1,500,000,000, other tions in international trade are countries draw against their |

sign of weakness

he declared. Area," a luxury in Indonesia,

They have been classified To a greater extent they have or Sterling does not stem from under the category

of luxury had U.S.. grants and loans Malaya, and we require anything bridge the gap. Since the end goods which up to 200 per cent import duty of the war these have totalled The owners will also have to $35,000,000,000. pay a stiff luxury tax.

New Import regulations were Attempting to shrink the gap, and leadership. These at home. Imposed by the

get Indonesian many countries this Spring and should the slowly Government one and a half Summer put curbs on months ago to cut the import amount of American goods that

can be bought. of luxury goods and to en- courage the flow of vital com→ modifies for publle consump tion or for national construction purposes. The step was seces sitated by the

precarious

Post tion of the country's foreign exchange reservca,

EXPORTS AFFECTED

Monetary

·Fund - Indiesto. What, "evín.

ara surely entitled to expect that where the weakness lies, there we should look for a measure of boldness

of

TEL. 28016/18.

CHINESE AGENTS: 83 CONNAUGHT RD. C. TELS. 31106, 25183

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA vis

SAN FRANCISCO, LOS ANGELES AND PANAMA. -

out

economy constricting ગ્ wider and treer where Starling will have a again,

single

M.S. M.S. "ANNA MAERSK”

·· NEXT SAILINGS "NICOLINE MAERSK”

M.S.

"LEXA MAERSK”

M.S.

"LEXA MAERSK”.

Mr

MS. "LAURA MAERSK" MS. LEISE MAERSK"

In grow over-

erca It is these curbs that Ameri- once can exporters are now losing, purposeful meaning instead of In July total U.S. exports were the various interpretations now running 18 per cent behind the placed upon it as international same month laşi year. The ding his speech U.B. Department of Commerce thinks this trend will continue Fergusson said that tontiles in

the New Year.

Singapore were Like smaller towns, Djakarta

have been very supply, and that there were in- 1 overcrowded with motor would involve a decrease in pro veleles. Not only among private loud in dompiïints about their ventory losses because of this

citizens but also in Goverment dollar chortages. But figures of There was also a glut of canned

the Inter

International

goods of all kinds owing to no offices the use of care, station-the

recelerated deliveries from over wagons, pick-ups, etc."~**bas

scas. He emphasised the need owing to the of case of Government offices, the chasing value, other countries constant use of motor vehicles have-1 times as many dollars increasing

currency notes in the vaulte spend now as 10 years ago. an unwarranted to

of the Malayan banks"-Franco- Other countries want so luxury at the expense of the

Prezze. many moro American goods

TRADE WITH JAPAN State Treasury.

Oficinis

are provided free than they used to gel, To get

Singapore, Sept. 30. transportation to and from their them they have lived beyond In the Brst seven months

their means, used up their re-trading with offices,

Japan this year, Now, the Government has do- serves and received a huge total Malaya had an adverse trade cidet! to wlash the number of of U.S. financlo) old."

balance of M$85,000,000 duc Now

they

trying largely to the cara at the disposal of officials

Importation of and Government canployees, economising by curbing imports Japanese texilles. The new regulation, if enforced, of American goods even when

In 1850, India sent, 70 per will out the State Budget by these frequently

cheaper cent of her cotton piecegoods than those they are more than 200,000,000 rupiaha

buying and textiles to Malaya) Britain authorities intend to go from each other. - Associated contributed about 10 per cent Tho further. Taxes on cars will be Press.

become a commonplace. In theduced to terms of pre-wat puto curb expiation

portion for an equally deserving For that reason it was decided not to change allocations already made.

Officials expected virtually all countries receiving American allocations would protest' "The size of their portions within the next six weeks but it appeared nothing could be done to nocpm- modate them-United Press,

EXPORTS

BEGINNING

has become

TO FALTER increased. Extra luxury taxes

Meeting In London TO FALTER

London, Sept. 30.

A full meeting of the International Sugar. Council will be held here, probably next Monday.

The meeting will Immediately follow the conclusion of the current meetings of the Council's Special Com- mittee.

The Council will review the, including India, are attending of the special work of the committee, which the discussions

committee of the International bogan private talks here today.

The Council meeting will be Sugar Council; presided over by Mr P, H. Westerman of Indonesia:

Baron Kronacker of Belgium, who is chairman of the special committee, is presiding at the private talks which are expected to conclude on Friday.

NEW AGREEMENT:

will be levied on the ownership of cara.

Object is not only to course the import of expensive cars, which the nation's foreign exchange reserves cannot afford, but also to force Goverment officials to live economically.--- France-PressC.

to exophasise one month's results Grain Prices

London, Sept. 30. Engineering exports are begin- ning to falter, according to details of August trade 6gures issued by the Board of Trade. "Exports of engineering products showed the biggest decrease between July and August," it is stated in the "Board of Trade Journal."

is misleading even if the export figures for taken July and August are together it is clear that at least one-half of the fall in exports from the second quarter of the year is accounted for by engineer- ing producta. In the first quarter The 1937 International Sugar

an average of 2117 millions Agreement is expected to be

worth of engineering products, prolonged for another three

made up of iron and steel, non- years from August 31, 1952.at

ferrous metals, electrical equip the talks.

Över 50

The last International agreement machinery, and vehicles. delegates and

the second quarter only £108 observers from 30 countries, ment, regulating the production at these shores each month, y and marketing of suger, wet milllons worth was leaving. Last signed in London on August 31, month the rate had dwindled to

It has been prolonged | 200,0 millions, l 1937. several times since August 31,

In the late spring the Austra 1044 and tapeed on August 31 Hans Import cuts were blunting this year,

the drive to sell engineering goods abroad, particularly rooter cats. Then in the summer months more and more cars were sent to Canada and the United States. In July almost 8,000 cars · Were shipped to North America. Last. month there was a sharp fall to no more than 3,040. Shipments to Australia are still dwindling and have fallen from- peak of 0,318 cars in January to 822 in Altgust, As a result total car sales dell last month by 84 per centurian N

Taipei Budget

Examination

Chinese

The delegates will also discuss the possibility of a new intere Taipel, Sept. 30.

Nationalist national agreement to replace cent Formosa's that of 1937.

If the delegates agreed to draft Yuan new sugar agreement,

full session of the Sugar Council would be convened here shortly to tako a anal decision,

The Cabinet today next budget in secret form to the Legislative for examination.

According to usually reliable will be ten to 15 per sources cent bigger than last year's and show a five per cent de

felt.

to

then

A

D

tho

Countries represented at the talks are Australia, Brazil, Bel- gium. Cuba, Czechoslovacia, France, Domialcantopubile, Hat Indonesia Mexico, pines, Poland, Portugal, South Africa, the United Kingdom, the But more money will be spent United States and Yugoslavia.

to enlisted paying increases

The nations which have, ront soldlors, on a reconstruction observers are: Canada, Colomblo, programme and giving better Egypt, Hungary, India, Israel, wages, to village government Italy Japan; Byrie, -Venezuela employees, Reuter

and West Germany --Bouter,

More revenuo is expected be derived from increased production and more effective Netherlands, Peru, the Philip Exchange Rates tax collection!

In Chicago

Bre

are

-+

HONGKONG SHARE

MARKET

(From Our Correspondent)

of

Oct. Oct. 18 Nov.

2

2

In Port Buoy A1

· Oct. 18 Nov. 1

ARRIVALS FROM : U.S.A.

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN &

Pedder Building,

CO.

Tel. Nos, 86086-9.

Dates and rotation anbject to change without notice,

At liberty to proceed via other:ports to load/dischargO CATRO..

42

Sino-Japanese

Project For

Molasses Firm

add Japan lagged behind.

By May this year, out

Taipei, Sept. 39. textile imports Into Malaya, Negotiations for the establish- totalling M$11,700,000,

Japan ment of a joint Sino-Japanese accounted for M$5,700,000, molasses company in Tokyo Britain M32,000,000 and India began here today. M$1,300,000.

for

The Rubber

Markets

Singapore, Sept. 30,

Prices of rubber futures closed today as follows:- Number 1 rubber, per tb.

Detsber

November Decamber

Number 2 rubber, October Number 5 rubber, October Number 4 rubber, October

| Spot, rubber, unbaled

Blanket crepe No. 1 pale crepe

United Prem.

NEW YORK MARKET

New York, Sept. 30.

Prices of rubber futures closed

Three Japanese representa In the first six months of

tives from Fujiyama, Shikekani 1052, out of 10,500,000 yards of

and Kuboyl arrived hero yester groy bleached cotton piecegoods

this started talks day, and valued at M$11,800,000 import-

Chinese ed into Malaya, Japan sent

moming with their counterpart, the Taiwan Sugar today as follows:

October 6,900,000 yards.

Corporation, on detailed matters Of 24,900,000 yards of white

establishment and tho cotton goods, Japan bleached

operation of the company. Business done on the Stock sent 14,600,000 yards, 7,000,000

As soon as an agreement is Exchange this morning totalled, yards of dyed cotton goods out

Chung-shib, reached here, Mr LI total of 17,400,000 yards President of the Taiwan Sugar $290,198. Noon, quotations and of a

and 11,800,000 yards of printed the morning's. transnetions:--

cottons out of a total of 19, Corporation, will go to Japan, to KHARES. DUTERË SELLERS BALES 300,000 yards.

muko preparations

the for

The first plant wir bó HK Bank BANKS

Tokyo with -70,000,000 established in

branches in principal JapaneNÓ

Chleago, Sept. 30. Graina were mixed with a lower overtone stemming most ly from the weakness of veget able oils. Other leading commSURANCES

Union... modities were generally lower. Wheat closed higher to 4 DOCKB, ETC.. lower and soybeans were 1% to 1% lower.

Wheat price per bushel Spot December March

Cora Spot December March

May

FIST

3.5596 1.39

K. Whart Provident Provident

Wheelock

140

Of a total of 81,000,000 yards erection of the plant, of artificial allk piecegoods Japan Bent

yards.

Singapore textile importers ellies-France-Presse. are still awaiting the decision

of the Singapore Government regarding the method of alloca-

604 @ metion of quotas for Japanese New York Sugar

textile imports in 1033." The

509 total for Malaya in 1953 from

Japan lins been dixed at M$80, 1.73-1.7415 LAND, ETC.

000,000, $20,000,000 below thir UK Rotol 1.40 0.50 500 a 66 1.0012

115 Land (0) 483 4034 000 1025 your a total. -1.7312-1.12

S'hal Land 1.73%

UTILITIKA

TYST

May

Bya

Spot Beptember Osta Spot Beptember New York

1984

影

ib Sack

NEW ORLEANS PINCOTTON

Now Orleans, Sept. 30,

#pot.

October

·December

March

th

July October

Ilusioers was done in the local - unonilelaki erchargy. market

MOVIMA 4) Tim kollowing ratesim. 11.8, daller", une-1}); Dillon older pech41) Indoorzien gulides (per 100) Hier only "{per-150)

mgapore (8)

*FIC piùires (pés (190)

March

Peak Tyam Perk

Star. Perry

C. Light

INDU

· 33100 - 28.01

39.00 bia

Watsoni COTTONS

think Semo local merchant that next year Japan may bring 10.30 191 800 19.40 the price of her textile import into Malaya, down by as much as 25 per cent in order not to ba of the Malayan cut frozen

Futures

New York, Sept. 30. World sugar futuros, steadied en short covering with trade selling predominating in domes- tic contracts.

Prices closed today A follows:

000230 market by quotas, United Contract No. 4 (World)

JAPANESE BONDS

Jity:

29.79 nominal

#1.03 bid

24,72 nominal 24.50 13

24.30 nominal

24.30 dsked

25.70 nominál

November

December

26.45 monar 20021

January (1963)

February

March.

April

May

July

August September October November

21.42 nominal 24.35 szked 24.33 nominal

December

Spot

24,33 nominal 24.35 nominal 30,00

*United Premi

LONDON MARKET

London, Sept. 20.

Prices of rubber futures closed

today as follows

"Humber 1, rubber,

În gencs per thi

November

December

· Jandaty/March

::July/September

United Prom,

LONDON TIN MARKET

Londen, Sept. 30. ·

3.00 nominal: The tin market was quiet and steady with turnover of 15 tons,

2.80 bid

(3.81 bin (1

3.53 bid!..

3.31 bid

3.68 nomina

of which Eve, ions were: for cash. Prices closed at the pod of the official moming session sa

358 norminal | follows:

Press

Quidbar.

January

10.00

18.00 10.00 3000.

1940

March

May

London, Sept. 80.

September October

January

Japanese bonds

#pot

4.00

**A" (48, 08.1059)

-30

“H” (4%of 1916)-

73

Contract No. 6' November

0.00

10.30

How lot of, 1907)" "D" (03. of 1934). *E (5%% of: 1930))

1344 March 2

-United. Press.

09: July 165 Reptember

October Bpot

Spat tin,

Dot, buyers Spot tin, sellers

Business Hone at Three months tin; buyers

• Three-months iin, sellers

Red Prom

Business done at... Settlement

United Press,

902