1952-10-08 — Page 9

MESSAGERIES

MARITIMES

M

Artving

Leaving

20

•••••Nov. 10

Oct. ** Nov, 19

"SAINT MARCOUF" ....Oct.

"РЕГ ПО"

"+"GRENOBLE”

"FALAISE"

.......Oct.

**FELIX BOUSSEL" .......... Nat.

For passenger and freight. --

Oct. 11

25

+

Oct. 20 Nov. 3

M

Outward For

JavaM

Марап

Homaward I

N. Africa & Europo N. Africa & Europe,

farogiites via Balgón

For freight to Salgon, Alglere, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdami,

• Accoping cargo:

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

Subject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES

P.O. Box 53, Hongkong

Queen's Bullding (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, Slam, Malaya, Burma and East Coast Indian Ports.

"BRADEVERETT"

In Port

Sails

Oct. 8 for Kobe, Osaka, Nagoya &

Yokohama,

"LENEVERETT"

Arrives Sails

Oct. 23 from Manlio,

Oct. 24 for

Singapore,

Rungoon

52

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

Penang, Culcutta,

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 Salls

Oct. 9 from Japan. Oct. 10 for

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

M.S. "NORDSTJERNAN”

Arrives Salls

Oct. 24 from Singapore.

Oct, 25 for Kobo & Yokohama. (Accepting carro for transhipment Kobe/Pusan and Kobe/Okinawa)

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

THE CHINA MAIL, WEDNESDAY, OCTOBER 8, 1982.

Making Good

:

Progress

London, Oct. 7, Economie and financial officials mecilag kere 10 prepare for an Important conference a! Common-

Prime wealth

Ministers next month have almost finished their work.

The officials, numbering 47 from all Commonwealth countries, have been meet-

since September 22 with the task of oligyting schanics to put the Storilor Ares on 3 vermşuently polvent basis.

They have made so much progress that It is expected they will be free to go home to report to their govern- ments any time after Octo- ber 15-Reuter,

Britain Losing A Market

Unable To Quote Firm Prices

New Delhi, Oct. 7. Britain's share in Indian

urders abroad

for rolling

stock in the pat two years was £4,500,000 out of a total of about: £7,000,000, Mr A. K. Chanda, Financial Commissioner of the Indian Railways, suld today,

India would continue to place orders abroad until her railway rehabilitation programme completed, he

he added.

WUR

The orders would be worth about £10,000,000 to £12,000,- 100 each year.

བལངས་

Mr Chanda hus just returned to New Delhi after a European lour, during which he placed

orders on the Continent for this year worth £0,000,000,

No orders were placed in Bri- tala this time because the Bri- tish economy could not accept them on u Brm price basis, he saki.

SURVEY BY SHIPPING

OFFICIAL OF MIDDLE EAST PORTS

Liverpool.

Conditions at Middle East ports were referred to by Mr A. Stanley Evans, Liverpool shipping office manager of I.C.I., Ltd., in an address to members of the Liverpool branch of the Institute of Export.

Mr Evans recently completed a tour embrac- ing Egypt, Cyprus, Israel, the Lebanon and Turkey. He made his first call at Egypt, visiting Alexandria.

"There seems to be an amazing lack of co-operation between different sections of the harbour authorities.

"You get the ridiculous position |-· of a steamer being ordered to a particular berth to discharge and given a warehouse for the « .mile curgo anything up to Away," he observed.

VEGETABLE

Cargo was discharged by ships' OIL CROP

tackle and was dumped on the quay and left there until a cart from "the days of Pharoah" or a porter with a truck was available to wheel it away to the Customs'

A RECORD?

shed. The handling of cargo Forecast In London

AVAR

not by

means such as

shippers would desire:

London, Oct. 7.

W.GermanTrade With Indonesia”

Bonn. Oct. 7.

ROYAL INTEROCEAN LINES

AILINGS.

Гарод

LARALAKKA"

--

To

Manila, P.. Parts, DJIKATA

Singapore, Mauritius, 8. Atzien di

s. America

Djakarta, Bemarang, Surabala

Miscar

кред

Japan

Singapore. Djakarta, Semarang,

"Mórapola A Macassar

TASMAN"

Da. $

HETRAAT

MAKASSAR"

Thet.

JINODAB

Oct.

11

"TEORLDERG" "TJISADANE"

Oct. 12 Chet. 15

"TJILUWAN"

Oct. 10

"ETBAAT

Oct.

2

Japan

PVÄN MKUTAZ",

Oct.

21

Japan

"TASMAN"

get.

22

the

“MAETSUYCKER"

Bet.

"RUYS*

Nov.

1

"TJIWANGI"

NOT.

"TJIPANAS"

Nov.

+

"TJIBADANK"

Npr.

"TJIPONDOK"

Nov,

NOT. 10 Nov. 36

A spokesman of the Ass0- elation

German of West Banks has appred visiting Indoncalan Trade Mission that German banks will give extensive financial assistance to West German trade with Indonesia.

The spokesman said that

the Ort during

soven months of this year, West Germany Imported $107,- 600,000 worth of Indonesian goods and delivered $108,- 000,000 worth of soal to Indonesia-France-Presse.

Rocketing Argentine Business Failures

-STRAAT

MALAKKA "TIILUWAR"

"THORLBERG" KVAK HEUT82"

"TJITIALENOKA". "TJIANGI"

"TJKAMPER"

{"TEGELDENⱭ"

“TJILUWAH”

"TJINODAS”

"BOBSEVAIN" JIWANG!"

"TEGELDKEG"

"TJHLUWAIN

*STIAAT Buenos Aires, Oct. 7. Vegetable Oils and Ollseeds. The amount of money uished by the Commonwealth lost in business bankrupt Economic Committee.

cies in the Argentine in

Mr Evans then commented on A radical change in the world Famagusta, the only port in the supply of ulls and fats which are Island of Cyprus. It was a very used in margarine and coolding small harbour with accommoda-fat is indicated in a report on tion for only five or six vessels with a maximum length of 425ft. There were no cranes or railway facilities, and everything was dis- charged by ships derricks and went into the warehouses. Two new warehouses were nearly completed.

RED ATTITUDE

i

The report makes no mention

tats. 11 declares: "The quantly an unprecedented 2,705 per of a world shortage of oils and September skyrocketed to of vegetable oils available per cent in comparison with the head of the world's population is

same month last year. now rignificantly higher than was before the war.

new

All failures were in Argen- Foods producer tina's Industries instituted as part of Peron's live-year plan.

When, in 1947, the British Dock labour was, surprising Government launched its East enough, extremely Communist, African groundnut plan it aimed

Figures quoted in the offtelul and he thought it was true, to to make a contribution to the

reycal say that they were really adoptroduction of oils and fals 10 "Merchanting Adviser"

a world shoutage. The failures for the month at almost ing the Communist attitude to

scheme proved a failure. Accord 6 million pesos (approximately life-they wanted less work and

ing to the report world production £1,800,000), compared with far more pay. Since the

of oilseed crops shows a marked | under

million pesos ginning of this year the average Increase and is expected to reach (£83,000) the previous year. rate of cargo discharge dropped

record level for the

And the fures show an in- by about 25 per cent, wille

c'case of more than 120 per cent hudi their weges

Kone very

over those for August this year. "Owing to the fast developing greatly in the opposite direction,

The bankruptcy courts are so overtended that

exire stair fr being called in.

Businessmen blame the catas- trophie devaluation of Peron's ONLY HOPE

FULLY AWARE

new

1951-32 scaron.

in regard to animal fats and marine oils, the report slates that war load on Britain the alloca-

total production was little more tion of steel and other rnw

Dealing with his visit to

than the pre-war average. Thus, musterials to non-defence in- Lebanon, Mr Evans sold that the position, allowing fo: the dustries is inadequate, with the Beirut was "a rather unusual port increase in world population and result that they are unable to under present-day conditions" the higher production of veget- quote competitive prices and because it was still operated by able oils, is that the quantity of satisfactory delivery dates," Mr

all classes of oils und fats avall- a French company who had the Chanda said.

The Britsh

Government was concession about 80 years ago, able now is slightly below pre- The

they und

certainly have war leve). of these circum efficiency." fully aware

They had in mind a stances which had also made very harbour extension

big Australia and South Africa to VGA place large orders

the scheme, but in view of what had Continent.

happened in other parts of the world the French company were

India's

annual requirements under the railway rehabilitation not going ahead with it, unless

programme

were

£30,000,000 worth of rolling stock.

Indian plants were turning

stock

worth about £ir,

out

800,000

sole justification for placing orders overseas is that our own capacity is insuficient to maintain deliveries at the required rale," Mr

Chunda said.-Reuter,

Mining

First Shipment Of Company

Ceylon Latex

Bulk

In

To Britain

Liverpool.

The first bulk shipment of rubber latex from Ceylon has arrived at Liverpool in the Blue Funnel cargo liner Clytoneus.

The Latex Corporation, of Ceylon was formed two years ago to augment the supplies of latex to the Dunlop Company.

foun

up-

threat.

They built a factory at Kalu- | principally latex tara, in Ceylon,

clastic established holstery, and offices in Colombo, and recent- and also in other products such ly erected the first stage of a un boots, shoes and surgeons'

gloves. bulk installation there.

a

year drum

before the

Latex has been imported in In May of last

years shipments were commenced on, to Liverpool for some

quantities small scato. These were from Malaya. The

Second gradually increase until a final shipped firum shipment was made last World War were comparatively small, and they have Increased month...

tenfold since the

end of

This expansion of shipments has followed technical approval from Dunlop factories and the extension of purchaslag in Ccy- lon.

wor

+

the

IN MAIN TANKS The present shipment from The field latex comes from n Ceylon is a further develop- considerable number of rubber. ment of this traffic.

Wants Loan

they were given a guarantee that tho extension would not be "pinched from them when was finished."

It

To Check On

Shipments

paper peso.

In 1050 the circulation was a little over seven billion pesos, gold-backed. Today it is more than 17 billion, without gold backing.

Foreign exchange reserves are at the lowest level for the last 25 years.

Business clrcles here describe the future outlook as "gloomy."

The p

only hope of salvation Singapore, Oct. 7.

satisfactory trade Rubber ilms in Tuky, with Britain. London and New York will be

lles In a bumper crop and a

agreement The rate of discharge of cargo

Indications are now that the was fast.

Dockers worked selected to report an bad rubber crop will be lower than previous

shipments from Malaya,

optimistic

estimates. Negotin-

seven-day week, being paid for Sunday work of the ordinary They will act us agents of tions-with-Britain are at pre- week-day rate but double rate the new Malayon Rubber Ex-sent at 莉 deadlock. London for overtime work.

port Registration Board belog Express Service,

which

Of his visit to Israel, which In-act up under the Pan-Malayan cluded calls at the main part of Rubber Shipping and Packing

Ordinance Control Haifa and the two smaller ports becomes effective next January of Tel-Aviv and Jaffa, Mr Evans 1.

warehouses and

NEW YORK

FOREIGN EXCHANGES

Canada.

said British prestige in Israci Since the end of the World and in most parts the Middle

War Two Malayan producers, East was rising.very rapidly. He amon

Не

others, have been sald that the two smaller parts had some of the most up-to-date charged with shipping rubber mechanical which does not conform with equipment, bearing in mind their the grades specified in the srics

contracts. jata com Manila, Oct. 7. size. Cargo was discharged into

Japan is the latest customer to where Negotiations for Joan ofighters in the open water

ledge a formal complaint with 1,000,000 pesos being sought by a "alr amount of damage was

the Singapore Chamber of England-ometal a local mining company from inevitable," but once the lighter Commerce and Rubber Дби three big steel mills in Japan was alongside in the harbour the are expected to resumed

risk of any damage was almost shortly.

nogligible. The Gabun-Paracale Mining Company is negotiating the loan, which would be in the form of equipment, machinery and roll- ing stock

be

The Company's President, R. F. Navarro, sild that his company proposed to amortise the loan by paying one dollar per ton of iron ore it ships to Japan.

Negotiations have remained at a standstill for the past two months in view of the uncertain status of the barter trade agred- ment between the two countries and the Japanese Pyace' Treaty.

France-Presse.

Associated Press adds that the company holds extensive ceposits in the Zambales Moun- ibe West-central trins,

оп Luzon coast,,,

OIL SHIPMENT A RECORD

Damascus, Oct. 7. The Iraq Petroleum Company announced yesterday that Sep- tember's shipment of Kirkuk all seaboard end of the company's pipeline) had been a record.

|

|

sociation.-France-Presse,

Grain Prices

In Chicago

·Chicago, Oct. 7.

New York, Oct. 1.

US$103]

unofficial

30-day futures 90-day futures

Australlo.... New Zealand South Africa Belgium Denmark

France

2.70 2.52 bid/

Nov. 20 Nov. 22

Dec. 'Dec. 1

Oct.

Bac. +

Bec.

Dec. 21

Dec. 30

2

Jan.

Jun. 14

1

Piskerta, Semarang. Buzabala

Macassar

Bingapore, Djakarta & Fremantle

Зарад

Alagapore, Plakerta. Bemarang,

Surabala Macassar

Japan

Bingapore, Mauritius, S. Africa, d

M. Ameriça

Diskarts,

MACKIC

Bemarang Surabala

Mantin, Singapora # 8. Ateles

Singapore. jakarta, Semarang.

Burabala inchisme

Japan

bjakarta. Aquarong, Surabala

MLCRISSY

Japan

Vingapor

Djakarta, Bomarang. "Dúrabala & Macaviar Djakarta Bemarang, Surabala J

Macassar

Alania, Blog pare, Mauritius

8. Attica * 8. America

Singapore, jakarta,

Vadrabain & Macassar Blakerta.

MACAT

Барад

Beniarang.

HOWAFADE. Burabais

*

Bingapore. Djakarta, Honiarang,

Surabala & Macassar NAKETA, Bingapore.

Mauritius,

8. Afslen * §. America Singapore,

Búrabala & Macassar

From

Jakarta, Semarang,

ARRIVALS

MAKASSAR" TEGELBERG*

"TJJSAPANE"

JA Pori

Del. 10

"VAN DEUTSZ"

Oct.

Oct. 13

19

Тарав

#. America, 8. Afties,

Mauritiak,

Gwespote, Djakarta & Manila Ninkarta, Walsrobany, Belawan Deli &

Bingipote

Djakarta." Semarang, Hurabáta,

Mecaumar & Singapore

KING'S BUILDING, Ground Floor.

TEL. 28015/18.

CIHINESE AGENTS; 82 CONNAUGȚIT RD, C. TELS. 31193, 25135

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO: NEW YORK, BOSTON," BALTIMORE & PHILADELPHIA vis SAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "ANNA MAERSK”~ M.S. "LEXA MAERSK” M.S. "LAURA MAERSK"

ARRIVALS

FROM U.S.A.

M.S. "LAURA MAERSK” M.S. "LEISE MAERSK" M.S., "GRETE MAERSK"

Oct. 16

Nov: 2

Nov. 15

Oct. 17 Nov.

2

. Nov. 20

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN

Pedder Building.

& CO.

Tel, Nos. 36066-9.

bates and rotation subject to changs without notice..

At liberty to proceed via other ports to load/discharge cargo.

The Rubber HONGKONG

Markets

Singapore, Oct. 7.

Pricos of rubber futures closed today as follows:→→

4

Number 1 rubber, per ib.

2.55 asked

November

2.70%

December

January

Number 2 rubber.

1.231/

+

$76

3.79

.0200

November

Number. 3 rubber,

November

.1455 JOGEGA

Number 4 rubber,

West Germany.

23

November

Holland

2030

Spot rubber, unbalad

Italy

.0016

Blanket crepe

Norway

1405

Na, 1 pale crepe

Spain Sweden

.0350 .0245

Portugal

AMBITIOUS SCHEME

Government of Israel The planned to build a new harbour, but they had not made up their minds whether they would do it by substantially extending Tel- a new Aviv or by constructing part little farther to the south Chicago grains were mixed Switzerland of Juffa, but bearing in mind the with a lower overtona stemming | MIDDLE EAST present state of the country, Mr from profit-taking and hedge Egypt Evans said he could not see how selling. Wheat closed unchanged from

to lower and soybeans were Turkey they could embark on such an ambitious scheme.

3/0 lower to higher. Prices! LATIN AMERICA closed today as follows:-

Wheat-price per bushel

7.2014

2.30%

2.433-41

2.40%

1.731-1.70 1.00-1.00%

1.7314

-3.7954

1.001

2005

044-12

401

Iran

Argention

Bral Bolivia Chile Colombia

24-7414 73% -74 73%-74

68 - 6036

04-0435

€0% = 0131

133274

08-101

United PreIS.

NEW YORK MARKET

New York, Oct. 7. Prices of rubber futures were unchanged to 10 points lower with sales totalling 13 contracts. Trading was fcatureless and dull. Prices closed as follows:- October

20.70 nominal

November

20.43 nominal 2000 bed

SHARE

MARKET

(From Our Correspondent))

Business dong on the

Stock

Exchange this morning totalled $243,580. Closing quotations and the morning's transactions'-

INARES DUYERS SELLERS BALES

BANKS

HK Bank... 1401420

East Asia

INSURANCES

Canton Union

HK Fire

140

103

21 703

130

POCKS DIC

K. Whart... N. P. Wharf 0.5 Dock...... 2015 Provident

Wapelack

(Ita)

25.70 noroinal LAND, ETC.

25.37 nominal 2600

2.80%

.03125

2.701

-3975

.0725

.0550

.0103

December

January (1933)

February

March

April

.3125

May

.2009

Juunio

FAR EAST

July

2:00

Autent

24,40 nomirtal

„1025.

September

24.35 nondesa!

.0000

3:200

October November December

2435 nominal 74.36

24.35 nominal

360 yen to US$1 -United Press,

Spot

$27.00 Intted Prem.

Coba Mexico Peri... Uruguay Venezuela

Indi J'akistan Hongkong Indonesta

Singapore

Japan

crease the present supply with Intex arrived at the port about from Barlas (the Mediterranean Istanbul, In Turkey, the speaker New York Flour-per 200 lb. Back; New York Stock |

estates in the Kalutara

area,

and the company hope to

in-

rubber from estates in

Kelani Valley.

·SHIP SPACE SAVED

the

Referring to Halfs, Mr Evans said that discipline among the Spoi

December dock workers was "almost un-Marcla

mainly because the May known," KNO functions the port were July

Corn divided into three separate con- trols. There was no complete pot

December Haison between the three, but he March believed a recommendation had May July been accepted by the Israeli Dats Government that there should be pecember

March one controlling body.

Rya on his visit to Decentber Commenting

March said that the average time for $18.40-United Prope ship carrying 1,200-1,500 tons of Seventy-four tankers loaded cargo to have to lay at anchor 1,000,000 tons of rule oil, com- walling discharge was from 25- pered with 810,000 tons In 30 days. He considered the con- August, an equivalent annual gestion at the port was the result rate or over 13 million tons of the European Paymenia Union.

Will Feuter..

the

Temoval number-of. from Turicey went in for a "buying 1 tons for cash. Prices closed averages, industrinis were down

which coincided with at the end of the official morn-132 oquier London, Oct. 7.

rails up

and willliles Marshall Aldin milltary equip-ing cession as follow!! DODLE DOW Jones overages: spree

off 80 of 1890)

mant from the United States to Turkey, in addition to which the of 1007 100% Government had commandeered of 1934) 102

two of the biggest warehouses 58% Another factor was the tighten- United Prossing of the monetary goqition.

The first shipment of rubber 1032 in a Blue Funnel vessel, and to cater for the trade this company had six of their ships Atted with small tanks in the 'tween decks. With its subsc- Intex Latex is the "milky juicequent development the of the rubber tree which 18 is now carried In the ships

to increase its main deep' tanks. concentrated rubber content, a process which raves shipping space anti

Shipments were Interrupted more convenient for manufac- In the Second World War, and 1940, were not resumed until turing purposes,

The latex la discharged by the first post-war consignment | Japanese bonds

at arriving at the part in April of pipeline into storage tanks

the Gladstone Dock, from that year in the Blue Funnel

which it is conveyed by road cargo ship Diomed. In niidi- faction to the shipment from Cey-

fankers to torten..:

the Dunlop

Ion, the Clytoneus also had on

JAPANESE BONDS

It is used in the manufacture board a large. quantity of lutex Consola of a wide range of products, from Singapore.

(6 of 1080) 168

of

LONDON TIN MARKET

Exchange

New York, Oct. 7. Stock exchange dealings totalled 030,000 shares. Of 1,073, iscuos traded, 339 advanced, 391 The Un market, was sienity. I declined and 343 were unchang-

London, Oct. 7.

tremendo licensingtons Turnover was 45 tons including ied. Moasured in the Dow Jones

Epőt sin. puyars spot is, settars musing done at fuse-months in, pers Three-mantha tin, sollere Business done at Battlement -

30 industrial>=1++++++

00140, bonds

-United Fretz,

24.70 nominal

24.30 nominal

24,47 nominal

HK Hotel

2 324 0 0

... 43% 4096

22000 @ 20.60

BAD BAS 1000 000

1 Land (0) 40%

Humphreys... 12

24,45 nomiral| INTI),TTLES

LONDON BABKET ·

London, Oct. 7.- Prices of rubber futures closed today as follows:-

Number 1 rubber, in pence

per ih. November December January/March April/June July/September

-United Pram.

Load Price In NY

Train Peak Tram

(0)

C. Light (0)

20 @ 40%

2003 20

10.00 20.30 1000 ₺ 19.50.

025

ON

Electrle.... 22.30 2236 200 @ TRAN

Telepono

INDUSTRIALS,

Cement Roph

STORES ETC.

Dalry

Watson

COTTONE

17.30

15 1000 @ 10

17.40 17.70 19.30 10.30 100 ✪ 19.40

10:00 27.20

800 10.30

1800

87.30

2.50

Exchange Rates

Business was done In the Jooal market this Now York, Oct 7, unalal exchange

(geomiinig at the following rHONES Prices in the metal market UH," dolter, per $17 09.58 cloned unchanged 1 with" the Bestling note (per &11 00

Triburuan gulders, (per 1001 v 55kba 40.11 fellowing, exception!um: 08.17 | Lead common, Now, York, lam Licks (per 100) ********

Singapore {tralis)" United Press. per 1b. 15 cents-United Press.

PIC plastres (per 100)