1952-10-03 — Page 9

THE CHINA MAIL, FRIDAY,

OCTOBER 3, 1952,

Page

MESSAGERIES M

MARITIMES BUXTON COTTON TALKS

Arriving LesYİNE

"SAINT MARCOUF"....Det. 20

"PEI HO"

Nov, 10

*Oct. 22 Nov. 191

+"GRENOBLE"

+"FALAISE"

..Oct. B

Det.

Oct. # Oct. 20

**FELIX ROUSSEL” ........ Nov. • Nav. 51

For passenger and freight.

+

M

Outward For

Japan Japan

Homeward For

N. Africa & Europe N. Attica Europe Marnellles vin Salgon

For freight to Saigon, Alglers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.

Accepting cargo:

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

Subject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES

P.O. Box 68, Hongkong--

Queen's Building (gr, floor)

Tel. 26851 (3 lincs).

EVERETT LINES

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

"BRADEVERETT"

Arrives Sally

Oct. 7 from Singapore,

Oct. 8 for Kebe, Osaka, Nagoya &

Yokohama.

"LENEVERETT"

Arrives Salls

T

Oct, 23 from Manila,

Singapore, Oct, 24 for

& Rangoon

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

Penark Calcutta.

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 Ports.

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

Arrives Salla

Oct. & Oct 9

from Japan. for

Singapore,

Port Swettenham, Madras, Colombo, Bombay,, Karachi, Kharramshahr, Basrah Bahrein.

&

M.S. "NORDSTJERNAN”

Arrives Sails

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

for Kobe & Yokohams.

EVERETT STEAMSHIP CORPORATION 'S/A

Qucan's Building, Talophone 31206- Chinese Department: Telephono 28293.

Covenant

On Car

Re-Sale Expected

Be Abolished

To Be

London, Oct. 2,

The covenant prohibiting the re-sale of most new British cars for two years may be scrapped by the time the Motor Show opens at Earl's Court on October 22.

The distributive side of the motor trade has made strong representation to the General Council of the Society of Motor Manufacturers and Traders that this should be done.

The Government are likely to Their recommendation, it is understood, will be considered agree shortly to new requests at a meeting. If the arguments from the oil companies that they in support of abandoning the shall he allowed to produce high scheme are accepted, motorists grades of "brandeti" petrol. One will, for the first time since the obstacle has been the cost in bren it has now war, be able to order a car free dollars, but

found that this would total only from all restriction.

about £300,000 annually.

TO IMPROVE TRADE

12

-No Positive Results But Not A Failure

Undercut By Japan

London, Oct. 2.

Jayan has undercut Brl- tain on textile machinery orders worth

£700,000 for a Karachi cotton mill.

Bir Ahmed Dawood sald in Manchester that the Japanese had quated prices 75 per cent cheaper. And they promised. delivery in six months against Bri- tain's ten months.

"prefer Britian-made

but the Jap- machinery anese price is too tempt- Dawood sald. Mr "Japanese machinery, may not last for ever like the British but it would serva the purpose we have for It"-London Express Ser. vicc,

ing."

No Increase In British Postal Rates

Competition

For Markets

Still Order Of The Day

Buxton, Sept. 25.

"EJIBANTITAT

"STRAAT * -

MAKABEAN"

Oct.

Balikpapan,

Bewaring,

ROYAL INTEROCEAN lines

SAILINGS

MED karta, Belawan Dets

Bingapore, E. a E., Africa

Ringapore, Materitis, A, Africa &

8. Americ

: Japan

Djakarta. Semarang.

BACHMAT

Зарад

Hingapore. Djakarta,"

Surabala & Machtiar

Зарад

"TEGELDERO" "ТРШОРАД

"THIBADANE” “TJLUWAII**

"VAN HEUT8Z" "STRAAT

MALAKKA“ "TASMAN"

The International Cotton Textiles Industry Conference, which end-

"MAETSUYCKER" But this does not mean ed here today; has achieved no positive results. that it was not a success.

The usefulness of the conference was best described by Dr W. T. Kroese, chairman of the West European delegation, who denied rumoure that the talks were aimed at a sharing of export markets or the limita- tion of production in cotton manufacturing countries.

we

sure

friends He added: "Wa in our delegation, and I assume everyone of our also, realise very well that when we return tomorrow we must again prepare our- selves for the daily struggle, against each other in the spirit of fair competition. ","We never cxperied anything a large part of their production else and

know that this wont to filling the pipeline at truggle will be dificult one.home, On the other hand, we are

The British delegation justi- now that we will compete withhed their optimistle forecast on full knowledge of the situation the grounds that the British was "concentratoɗ"" and of the Intentions HEVC."

the war, exporis hod diverted The British cotton industry is bean

away from aware that keen competi

traditional markets at the ro- Japan, quest of the Government, and tiun, particularly with will continue to be the order of supplies were increased to tho the day. The Brish deles on home market after the ending surprised everybody parts of Ingations rationing to combas Importers' Demands

U.K. exports

we all

The

British cotton Icaders out that while to pointed. volume of international trade in cotton goods is contracting. British Commonwealth markets are expanding,

Bids For

Tariff Increase

Mostly Failure

New York, Oct. 2, Petitions by American industry for higher tariffs

The conference also approved on Imports have reached a the recommendation of its post-war high, but the second committee regarding the Government's score stands possible. expansion trade in cation goods.

REDUCING COSTS.

of

world

that cotton goods would reach 1,350 millor yards in 1953, especially as its exports at present are running at an annual rate of London, Oct. 2.

700 million only just over There is no question of post- age rates being raised a pre- yards.

Mr II. Haygarth Jackson, scht.

Collon David member of the British When recently Mr. Gammans, Assistant Petmaster-Board, defended is forest bus General, stated that, if Post fore the conference,

"People in v.her countrics Office costs continued to rise at the same rate as in the past two sometimes critlelse us for taking years, charges would have to go a cautious view of the future," up, and the 214d, letter postage he said. "I think, however, they might be "one of the casualties." would be making a great mis-panding world, irade is by

was being realistic, and take if they concluded on

promoting an increase in the account that Britain in general, consumption of cotton goods all stressing what Earl De La Ware,

said Postmaster-General,

Industry

ever the world. This, the com- mittee felt, could be done by long ago, that in the end the

various consumer must pay,

means, including the Outstanding wage demands in

development of new industrial £16 Office exceed the Post

uses for cotton and the adoption million

of more up-to-date.promotion a year.

methods.

not

If they are mel, the estimated surplus this year of about £4 million (the lowest for 30 years) will be turned into a serious deftell.

The additional cust cannot be met by economies, especially after what the Post Office has done already.

this

or the British cotton In particular, has lost the vision of an expanding future and the courage to stake its fortunes on When therein. adventuring

there comes along the real time of trial and test it, is discovered that we have a good dual of fight in us."

1

FUTURE TRADE

An important part of the con- ference's work was to estimate the likely volume of world trade textiles during the During the past two years its in cotton costs have risen by 250 million text three crucial years in relation to participating coun- year, chicfy for wages.

tries' expected share in it. has been Only half of this passed on to the consumer higher charges.

met by The redt has been greater traffle and administrative savings.

in

Britain's internal postage rate and the cost of telephone are among the lowest in Europe.

Reclamation

In Israel

Jerusalem, Oct. 2.

A two million Pound agree ment was signed between the Jewish National Fund (Keren Con- the and Kayemeth) siruction Aggregates' Corpora

near

The most obvious way of ex-

A

But it also stressed that large part of the present · prob→ lem was the high cest of cotton textiles, All manufacturing

costs must be reduced "to the because raw ection represents greatest extent possible", and such an important element of cos, "every effort" should be

made to stabilise cotton prices at levels fair both to producers

and consumers."

The view of the committee

It was however, in its recom which considered this matter was that the volume of trade in metadations regarding the ecoto- cotton piece goods was not like-mic development of backward areas as the first necessary step ly to increase in the

towards increasing purchasing future. It thought that if cx power in potential markets for ports in 1953 were as great as those of last year it would be cotton goods that this comruities made its greatest contribution to "good performance." Estimates of the export trade the work of the conference, they may reasonably expect to secure were tabled by all tele- Cations as follows:

Western Europe India U.S.A. UK. Japan

Total:..

OUTSIDE AID

at 6-2 against them.

A total of 25 applications for increased protection have been fled, gach charging that im-

s domestic production. ports were seriously endanger

The Tariff acted on nine applications since Commission has the Trade Agreements Exten- sion Act of 1951 was

was adopted 15 months ago. In four cases, motorcycles, blue relating to mold cheese, spring clothes pins and ground fish Allets, the Commission declined to make any recommendation to the Pre- existing tariff. sident for modification of the

In four other instances, the Commission sont the President

for recommendations duties. President

higher Truman in- us. THE creased tariffs on two of them hatters fur and.igs -- but he refused to follow the mendations on Swiss and Italian varlic, This made the scoro: Six rojections higher duties and ceptances.

recom- watches

two ac-

In another case, concerning wood screws, an application was dismissed, but the Commission now hoa under investigation a second application.

to

NOT A THREAT In the latest ense dismissed, that of ground, ash Allets, the It acknowledged that before Commission

ruled that the million sq. yds. any development schemes could allets "are not being imported

1,700 be carried out an adequate in such increased quantities. 1,000

supply of capital and technical to cause or threaten serious in- 725 | nssistance would have to be

the domestic industry." Jury 1,350 forthcoming.

This called for The petition 1,100 outside assistance, particularly the Massachusetts Fisheries As- was flied by from international agencies,

sociation of Boston. But it was recognised that the

Additional applications for achievement of these aims were higher tariffs under the escape economic and financial cond mission include: Bicycles and tons. Every effort should there-parts, gluce cherries, bonito in fore be made throughout the oil, tuna and

bonito in Urine, world to remove these obstacles, briar pipes, certain table and Useful though the conference kitchen chinaware, estrengenic has been as an exercise in substances, paris white, wood- mutual co-operation between a

wind instruments and parts, number of business rivals, its

hard fibre cordage and main achievement undoubtedly

low-priced certain lles in its advocacy of an ex-

ware, frozen tuna, almonds and pansionist outlook.

edible tree nuts, screen-printed silk scarves, cotton carding machinery and parts, and wool. -Associated Press.

5.875 of 5,875 million This figure tion of Chicago for the second square yards which the coun- at present impeded by political, clause pending before the Com-

tries concerned hope to secure part of the Hulch swamps, re-

North between them next year com clamation project in

pares with the committee's esti castern Israel.

mate of the

total volume of Arst parl-undertaken world trade likely to be avall- which is 5,230 million by the Israel Workers Co-opera-able, "Solel Boneh involved

(or the average the deepening and the widen square yards

for the years 1950-1952). ing of the Jordan River (south of Lake Hulch) to lower, and surface. thus narrow, the Lake's

The

live

Jirst

Part two, which requires big- ger equipment of a type not available in Israel, will com- prise the digging of drainage canals to the north of the lake and the construction of a dyke around the peat area of about 3,000 acres. The dykes are to flooding or the prevent the drying out of the peat region. The peat wll be used as for- liser and *74* fuel. Associated Press.

Increasing U.S. Metal Imports

New York, Oct, 2. American imports of copper and zine have increased sharply while lead receipts dropped, it was revealed today.

Lead imports totalled 37.425 tons compared with 85,727 tons in June.

Zinc receipts were 61,148 tons, compared with 38,601 tons In

June,

Net imports of copper in July were 40,421 tons compared with 16,873 tons in June. Associated

+

Deal In Shares

JAPAN'S NEEDS The committee was therefore

Consumers all over the world justified in pointing out that the expectations exceed any demand-and perhaps particularly in that is likely to originate in the Dritish Colonics-will be overseas markets. It also said glad to know that it has not that existing productive capa- taken ans step that will restrict city in the exporting countries their freedom of choice, London is more than adequate to meet Express Service. sny demands Uut may bo placed upon it.

TO PRODUCE

New York To RADAR SETS

List

Japan Shares

New York, Oct. 2.

"AUS"

"STRAAT

Manita, Et.

DEL

Oct. 15 Det. JU

Oct, 20

Oct.

Japan

Oct. 12

THIWANGI"

"TJKANAS" "THIBADANE"

"TSPONDÜR”

Oct. F Nov. 1 Nov.

Bingapore,

. Nov. D Nov. "

Japan

Nov. •

No. 201

Nov.

Nov. 20

Nov. 23

Dec.

Dec.

I

S

Japan

Oct. D

Djakarta

Dec. 1

Mantia.

Dec. 10

Dec. 23

Dec. 30 Jan. 2

Japan

Singapore.

MALAKKA "NILUWAU"

"TEGELBERG" "VAN HEUTSZ"

"TJITJALENGKA" "TJIWANGI"

"JIKAMPEK"

TEGELDERG"

"TIILUWAN"

"TJIBODAB"

"DOISBEVAIN" TJIWANG1"

"TJILUWAU"

"STRAAT

MAKASSAR" TEGELBERG"

"TJISADANE"

Poris, Jakarta,

Burabatz

M

Semarang.

Djakarta.

Sematang,

18

Djakarta, Remarang, Butabala &

МАСАЛАГ

Singapore, Djakarta & Fremantle Japan

Kursbala & MarageAT

Bingapore. Mauritius, 8. Africa, a

8. America

Djakarta. Semarang Butabala

Macarsax

Mania, Singapore & 8. Afrien

Bingapore, Djakarta, Semarang,

Surabala Blaczusar

Japan

Bjakarta, Semarang. Rurabala

Bitestant

Singapore, Djakarta.

surabala & Macassar

Масалие

Semarang Burabala

Singapore,

5. Africa 8. America

Djakarta,

Bingapore,

Burzbala "Macassar

Djakarta, Semarang, Surabala

MACLEAT

Sprabala & Mincassar

ARRIVALS

Oct.

0

Oct. 7

(let. 13

Djakarta,

Semarang.

Mauritius,

Semarang,

Bears.

From

DJakarta,

BEMATROS,

Surabais

Japan

-

8. America. S. Africa, Mauritius, Singapore, Djakarta & Blanila Djakarta, Palembang, Belawan Deli &

Singapore

KING'S BUILDING, Ground Floor.

TEL. 28015/18.

CHINESE AGENTS:.88 CONNAUGHT RD. O. TELS, 31100, 25133

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

M.S..."NICOLINE MAERSK”..... In Port Buoy A1 M.S. "ANNA MAERSK” ...\.......... M.S. "LEXA MAERSK”

ARRIVALS FROM U‚S.A.

LAURA MAERSK”

MS.

M.S. "LEISE MAERSK"

M.S. "GRETE MAERSK”

Oct. 16

Nov. 2

Qot. 18

Nov. 1.

Nov. 20

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building,

Tel. Nos, 36066-9.

Dates and rotation subject to change without notice. At liberty to proceed via other parts to load/discharge cargo,

Purchase Tax On

Pianos And Cut Glass Down

London, Oct. 2. Purchase tax on a number of goods, includ- ing pianos, cut glass ware and leather articles, is to be reduced.

This has been announced by the Treasury. The Order giving effect to the reduction is already, in force.

Details of the cuts are:

the industry would be at a An Italian firm has signed a From 60% to 33 per cent standstill by then. Most of its contract with an American com-Planes and similar keyboard in-craftemen, he said, would have,

pany

and the United States struments. Piano accordions and gone to other trade. Navy to produce radar in Italy, similar Instruments remain at Raytheon Manufacturing

the American dum, sald,

The Italian Arm, Microlambda,

ono

In addition to their estimates of the export trade they hoped to secure, some delegations sub- mitted supplementary estimates of the amounts they should ex- port to maintain national econo- mics. The Japanese, in parti- cular, stressed the need for ex- panded cotton textile exports to enable Japan to import casential maforials and supplies of row

New York, Oct. 2 foodstuffs to feed their growing

Curb Ex- The New York population,

attain change may have 6.5 million enable Japan to To economic

scif-support it was shares of five leading Japanese by next

programme. said to be "absolutely necessary" corporations Bated

To the extent feasible, it was for the Japanese cotton Industry April, Thomas A. Boylan, an to export 1,400 million yards Exchange specialist, sald.

Mr Boylan, whe recently re-added, Microlambda will pro- next year, 1,600 million yards in 1954, and 1,600 million yards turned from a four-month visit cure and manufacture necessary

to

said recent changes in laws will make the The American

delegation

possible and provide said their estimates had been. calculated at 725 million yards

In! 1055.

1054.

The distributor base their case on the prospect that within the next fow months It may bo dificult to sell even low-priced. popular cars for which there are at present long waiting lists.

Their fear stems from the

Singapore. Oct. 2 possibility that

the next

The Mindoro CommercialPress. Budget the Government may cut Corporation of Manila the purchase tax, which now arraulging to establish a branch increases the basic price of all in Singapore to develop trade cars by 66-2/3 per cent. They between the Philippines and

New York, Oct. 2. believe that the prospect of a Malaya, and Malaya, and Japan,

Atlas Corporation reports that Budgetary concession nay duter molorists from taking delivery. The Manila firm, which is it acquired 1.6 million dollars of debenturer of Italian Superpower Unked to the Nippon Tekkosha

Corporation before its bis ex-do. Company. Lt, in Tokyo, tends running three 1,000-ton pired.

The Bid-115 per cent of the And is felt that during the Japanese freighters

routo via principal amount of debentures next few months more and more Singapore-Tokyo

with all unpaid coupons attached)

to facilitate tabled low-priccel cura must be thrown Monilla.

~~was made.

"BRANDED" PĘTROL:

it

on to the home market when

on

12-

the

1

..

J

Ustination of capital. Only

There was disappointment that

Co., 68% per cent and organs are still cut glass had not been exempted as are other decorated articles, exempt.

Fram 100 to 06 per cent.quch as cups and plates. a subsidiary of the Firumeccanica Cut: glass ware, leather, hide or suitcases, bags, trunks, Organisation,

of Italy's skin largest manufacturing concerns, attache cases, wallets and purses

Exempted. Clothes will be assisted by Raytheon in

the

under made of metal and hardwood of a equipment making the NATO offshore procurement kind used in cloakrooms; nylon

pot scourers, kitchen

walking sticks and weights, canes made of wood.

parts and materials from NATŌ countriesAssociated Press.

.

Shipments Of Chrome Up

AIDING HOME SALES

scale

Indonesian

Rice Plan

New York, Oct, 2. Indonesia has launched A spokesman for a big London $50,000,000 programme designed make the TOW Republic store sald: "Manufacturers' asso- to ciations have been trying to get completely self-sufficient" in its a reduction in purchase tax, basic food-roo-The country's especially in these trades where Information Office in New York buriness has been bad: The reported public do not realite the amount

of purchase tax; they only reallem Within five years," a stalo.

for 1053, 800 million, yards for one other change is needed, he and 900 million yards for eald- to make stock rights and 1954

But it is thought here warrants transferable. And this, been promised Raid, 09

sald, "Indonesian rico that the American belief that he

New York, Oct. 2. that the price is high: 7

production will be sufficient lo this expansion of exports would shortly.

Ho named the five companies

The Benguet Consolidated

"Harne market sales should be climbute the country's present be attainable through a gradual

Canon Camera Co Ltd Mining Company of the Philip favourably affected by the cut in high imports." relaxation of exchange restric-as

(Oriental) Rayon Co

to tax because prices will be more Last year, Indonesia had tions is rather on the optimistic Toye

Ltd., the Kobe Steel Works, Pines reports a sharp rice in

attractive. Few planos are being import more than 100,000 motriE Ltd., the Kawasaki Iron Works chrome shipments.

country for tous" of: rice. This year tha Lad, and the

the Kwansal, Electric The Company's President and produced in this

expected to reachi Distribution Co. Ltd.

General Manager, John Halisser-home use, but their price even-Agure Is

Experts from France and the customer." Mr Boylan also said he has mann, sold thipments have risentually will be reduced to the 600,000 fons. The supplementary estimato

of a monthly average the Western

authorised to negotiate. by

Mr Dennis Rider, secretary of United States now are in Ine been 2,000 million the United States on the ferme 17,128-tóns In 1960, to 47,000 the Glasa Manufacturers' Federa-donesia to mist with the pro- tion, told Mr Butler, the Chan-ject," the information: Omes zaid. dnnually. They con of a $6,000,000 loan to the city tona in August. Installation of a

of the Exchequer, Inst When completed, the pro conveyor belt syilem, which was, cellor completed in June, has greatly month that if the Government gramme is expected to provide increased output, - Associated delayed action concerning pur- about 500,000 tons of additional Press

chess tax unill the next Budget jelco annuelly-Associated Press.

BRITISH ARGULIENT

WOA

The Company's Vico-Prest reorganisation of the Italian Europeans export markets "dry up" because dent, Ricardo Leuterio, is at utility holding firm, most of yards of import restrictions. and present in Singapore negotiating which is owned by Atlas. The sidered this quantity was just of Kobe. The money would be Company docs hot plan to ex-fed, having regard to their used for harbour extensions and growing competition from Ger- the purchase of large quantities tend the bid at present-A- general economic position and improvements --Asociated man, French, and Italian manu-of scrup iron for shipment to

to the fact that up to last year Press facturers.

JapanAssociated Press,

sociated Press.

from