1952-10-09 — Page 9

MESSAGERIES

M

Arriving

#BAINT MARCOUF" ....Och "PEI HO"

20

+"GRENOBLE"

MARITIMES

M

Leaving Outward for

Oct. #2

Nov. 19

Тарли Japan

Homeward For

„KUTEPS.

.Oct. 11

Oct. 11

N. Atrier

+"FALAISE"

.. Nov. 1

Nov. 2

N. Africa Europe

"FELIX ROUSSEL" .... Nov.

Nov. -

Biarvelling via Salgon

•

For passenger and freight.

+

For, freight to Salgon, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam,

Accepting cargo:

܂

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

Bubject To Change Without Notice.

THE CHINA MAIL, THURSDAY, OCTOBER 9, 1952,

Japan's Admission To Pact Metals On Tariffs Thought

To Be Inevitable

In Short Supply

Report On Tungsten And Molybdenum

The

LITTLE ARGUMENT AGAINST MEMBERSHIP

London, Oct. 8.

Even the most vociferous advocates of a strengthened system of London, Oct. 8 tariff preferences within the British Commonwealth now appear to have strategically simreconciled themselves to the eventual admission of Japan to GATT. portant metals, tungsten

The strongly anti-GATT and pro-preference, Empire Industries and molybdenum, are still

Association and British Empire League admit, in their monthly bulletin, that there is little argument that could be put against Japan's admission.

In short supply, according to a notice of the International Materials Conference pub- Tel. 28651 (8 lines).lished in Washington.

CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong Queen's Building (gr. floor)

EVERETT

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.

"LENEVERETT"

Arrives

Salla

Oct 23 from Manila. Oct. 24 for

"REBEVERETT"

Arrives Sully

Nov. 7

L

Both metals have been 'under

International plans of distribu-

tlon since July 1, 1851, De mands of obruumer countries, Increaset by defence and stock pling requirements, however, are in excess of production...

As a result, the Conference calla on all countries of the Free World to do their utmost

their to implement

TECOIN- mendations for the distribution of the metals and give every attention to the measures commended

tungsten- by the molybdenum committee of the Conference.

for

re

The committee's plans provide distribution of the the whole Free World's production of both metals, both in the form and ores and concentrates primary products.

Singapore,

Rangoon

&

Penang, Calcutta.

of

Production

from Singapore. Nov. 8 for Kobe & Yokohama, (Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)

EVERETT STAR LINE

Fast cargo and refrigeration spaces available for Korça, Japan, China, Philippines, Indo- China, Siam; Malaya, Ceylon, West Coast Indian and Persian Gulf Ports.

1,4

FIRST CLASS PASSENGER ACCOMMODATION M.S. "STÅR BETELGEUSE“

In Port Sails

Loading

Oct, 10 for Singapore,

Port

Swettenham, Madras, Colombo, Bombay, Karachi, Kharramshahr, Baerah Bahrein

&

M.S. "NORDSTJERNAN”

Arrives Sails

Oct. 24 from Singapore.

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

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

Synthetic Fibre Claims Doubted By Wool

Growers

New York, Oct. 8.

- Another round in the battle of the fibres

wool versus 'synthetic

is under way in the U.S.

now

A group of wool growers, charging that claims made for the half dozen

man-made fibres are inaccurate and misleading, asked the U.S. Govern- ment to investigate. The group challenged the asser- that the synthetics outperform wool, and tion outwear the animal fibre.

names

is

The American Wool Council one per cent of the weight of the also challenged the right of fibre" On the other hand, It synthetics producers to use long-said, wool absorbs up to 30 per established, traditional wool coat of its weight before it is Wool, the group and terminology to dea-saturated. cribe their products.

"the most naturally of all fibres In Aling Investigation,

Council President and fabrics J.. B.

Wilson sald his group Mis Meanwhile another man-made not attacking in any way the fibro has entered the stiff com- actual service and wear qualities petition, along with Dacron, of clothing" mode of the synthe Orion, Dynel, A Acrkan, Vicara ties. But, he said, it is asking the and K-51.. It is the now fine Government to use its powers dentar Saran fibre, which is sald the to regulate the present campaign to be a potential threat to In which certain synthetic abre supremacy of wool in the de producers and distributors make corative fabric and carpet fields. unfair comparisons of their pro- Saran yarns, the maker said, ducts with wool, to the detriment contain an inherent curl in the Abro which is indistinguishable of the paid the purpose of from natural wool except i

Mr Wilson such advertising "is apparently to a microscope. This diminish the confidence of the the

in the known

the request for en water-protective

dungstèn in

13

the Free World during the fourth

1952 of quarter estimated at 4,957 metric tons metal content, or more than double the rate of supply in 1950.

PORTUGAL FIRST

Molybdenum production for the same period is estimated at 5,680 tons, or over 50 per cent above the 1050 supply rate.

The fact that objections are taken to Japanese accession to the General Agreement, they say, is less a condemnation of Japan than of GATT itself.

Export Drive By Formosa

Talpel, Oct. 8. The Chinese Nationalist Provincial Government authorities are reported to be considering plans for in- creasing the amount of native products available for export.

'Reason" is that Formosa a serious is experiencliig "export stalemate”,--Re!• ter.

The

Rubber

Markets

Singapore, Oct. 8. Prices of rubber futures closed today as follows- Number 1 rubber, per lb.

November December January 2 Number rubber.

November

Number 3 rubber.

November Number 4 rubber,

7436-32 7421-16

014-2 7336-7471

Abrica's export quota of tungsten ores and concentrates for the fourth quarter of 1952 has been fixed at 195 tons.

Portugal is the biggest single

November ********* exporting country, with a quota Blanket crepe ****

ota Spot, rubler, untaled of 700 tons, Bolivin follows, No. 1 pale crepe 90-101 A111600

Valted Press.. Aslan tons... The

NEW YORK MARKET` countries, listed as a group, have

New York, Oct. 8. a quota of 825 tons. The United States is the biggest importer, Kvith 'a quota of 1,820

In an article on the recent Buxton cotton textile conference and the forthcoming Common- wealth Prime Ministers' meeting, the Bulletin of the E. I. A. und B. E. L. returns to Ita arguments in favour of extending the system of imperial preferences,

Japan's application for ad- mission, it says, lays bare the hollowness of the pretensions that GATT can bring about equality of treatment.

Japan's case, it argues, differs from that of other countries only in degree.

While, in the normal course, D country is admitted to GATT, tito equalities created ́are-tiot specta- cular and pass unnoticed except In some cases where a vigorous protest is made op some per ticular point.

.:

It is only when the dislocation likely to be caused is as blatant as it is in the case of the textile industry that the Governmenta concerned sit up and take notice.

Canadian Granaries Overflow

Wheat Piling Up Everywhere

Toronto, Oct. 8. Wheat. Is overflowing in Canada's granaries,

It is piling up in emply farm- houses, stating rinks and village halls and `even in improvised cribs of tar paper in the open fields....

There is enough to mi the goods trucks of a trein 12,000 miles long; piled 50 feet deep, It would cover the road from London to Tunbridge Wells, 45 miles.

It would last everyone in Brithin

three years

if every man, woman and child ate a pound of bread a day.

It has grown at the rate of 50 bushels an acre where 20 bushels aro normally a good crop-and it is unusually high-grade,

The greatest-over total-1,250 million bushels is worth 2715 million.

FARMERS HAPPY

But experts say there is less

800

AN EQUAL RIGHT

The Bulletin continues: "If the admission of Japan to GATT is accepted, and if Japan's claim to be allowed to export to her capacity taking***** full advantage of the standard of Hving and the rate 60-63

of wages of than her workers, is admitted, then

space left illum bushels it must be equally admitted that

to store 1,000 million the industrialists and workers bushels of 'gruin.

*are* storing Larmers

the wherever they can, and-- of other countries have just us

is marshalling every railway truck It can And.

The farmers are happy. They flovo been guaranteed about 108 bushel as an initial pay-

So

Prices of rubber futures closed tons, today 5 to 40 points higher with much right in defend themenives Board of Grain Commissioners

the results of this

action.. followed by the United Kingdom, sales totalling 17 cinizacis. Against

"One claim which with 1,050 tors

steady undertone prevailed in

primary put forward for the complete Chile is shown as the biggest line with the higher

to export Is exporter of molybdenum ores market trend, Futures transic freedom of Japan and concentrates with a quota were largely between that British Colonies must be of 871 tons, followed by the dealers with factory interest in allowed to import the cheapest possible goods from whatever United States with 522 tons. The the spot market routine.

*Prices closed United Kingdom is: the biggust'

today

source importer with 450 tons, followed follows- by France, with 360 tons October London Express Service..

WANTS TO REDUCE

TRADE BAR

November

December January (1953)

February

March

April

May

June

20.00 nominal 28.00 20,40 bid"

20.00 nominal

25.70 20.33

25.05 nominal

24.25 bid -34,62 nominal"

24.50

July

24.33

August September October

24.40

21.40

November December Spot

24.50

United Proc LONDON MARKET

London, Oct: 8: Prices of rubber futures closed Oltawa, Oct. 8.

today as follows:- The Finance Minister, Mr Number 1 rubber, in pence

per Ib. Douglas Abbott, sald tonight that Canada would press

for November December fewer import restrictions at the January/March Commonwealth Prime Ministers. Apell/June conference in Londen next July/September month.

Mr.Abbott told the annual

meeting of the Maritime vincial Board of Trade: great them many countries, many of traditional markets for Canadian products, are still at- tempting to solve their balance of payment difficulties by and Increasing im- rostridiona, exchange con-

and the like.

experience "We believo, and has shown, that measures this kind hold out no hope of a permanent solution difeuilles."

Enid.".

to

Of

2116-24 211

come.

This argument: has a super ficial-appeal on it is the same story as was told to the people of Great Britain in the early years.}- of this century.

"They must be allowed to buy cheap manufactured goods, parti- culanty from Germany, even at it meant putting out of business the British worker's next-door neighbour...

INHERENT FALSITY

י'ייי.

to

a

"

it is the Government's wOLLY o sell it at a prost, and the as to Government's concern whether or not there will be to help other countries to buy American foreign aid dollars

it-London Express Service.

HONGKONG

SHARE. MARKET

m. 396

رحمة

(From Our Correspondent)'

""It was not until 1830 that the British worker, discovered the inherent falaity of this argument.

It was not until this free im- | Tina pont policy and the god of Cheapness at any price had put nearly three million British

British Business done on the Stock 219-work-people out of employment Exchange this morning: totalled that, it was discovered that a $175,185.50. - Noon ... quotations system of tariffs and preference and the morning's transactions: could rehabilitate them, alimulate SHARES BUYERS SELLERS SALES trade within the Empire and start BANHS

the road to

INSURANCES

212-22-

2314-

-United Press.

the

to the forthcoming Commonwealth economic talks, the Bulletin pays “a now Une of

Planning To

Develop Industries

tion

thought is. nooded in dealing with the perennial question the dollar gap.

of

America's "obsession" with an export surplus, it. warns, will in the long run bring disasters in its train just as surely as did the

xegulated imports of Great

fick for their

occupy them fully." •

MOST USEFUL WAY?

Talpel, Oct. 8, these The Taiwan Machine Works

Association has preparoda 10-Brain These questions

estions would be one year plan for the development

the of the main subjects for dis- of machine Industries under the "I would be far wiser for

Americans to consider whether cussion at the conference, he Chinese Nationalist industrialisa-there is not within their own

"We shall do everything for Brammer for Formosa, boundaries..a

the Chairman of according to the our power to further the objec- the Union of Machine Industrias quite huge enough to tives which we have bad con-

tries, Mr Lin Ting-sheng. The plan required.

#total stantly before us since the end of the war." S

capital of 250,000 United States These objectives were to "do

and would increas dollars and everything in our power to industrial employment to keep channels of world com 100,000. from 20,000, he said. merce as, free as possible Products from the develop United Press,

ment would include electrical instruments,railway tools, trucks, plants

New York Stock

contributea said, and coverage

to

Exchange

Arm

New York, bet, 8. public

and nc hand, bulk

Ludă jy rolls and oils prices on cepted properties of wool in order apparel and household fabrics, the Stock Exchange had one of to supplant wool with synthetle In addition, it cald, Saran the best days dorsome time in

curled Abra replacements."

staple lends itself an increased volume of trading

in

Saran

HK Bank

Unto ..70235 Underwriters SHIPPING

Aute Nav...1.10.

DOCKS, ETC.

K Wharf

N. PL. What 6.70 0.90

2011 Dock Provident.. 14.50

Providens

CORE....

10 g 2415

140 @ 1.40

2000

4215

82.400 € 85c

819 Dock 1.00) Wheelock... 44 444 340 KE LAND, ETC.

HK Hotel... 040 849 Mc Lond (0)

gud Lavend Itumphreys UTILITIES

∙1P. Tram (9)

Biar Terry

13.10

19.00 20.10 1500

C. L

14

Macso Teleph

Clement

Dec. 10.00

1800 10

19.30 21.20

A reduction in exportaronda transfer of recourse to interual bo nagistance to countries, to whom [néeds'should be accompanied by. exports are of vital importance. [...And the Bulletinrimakes it

mistance could be most usefully

Detry

TamoordzTS

wo

tegrate machines, Electric motors clear where”, it believes that FoUTTONS - and generators, truc

locomotives,

100 0 10.30

620 0 12:

Exchange Rates

بولی برای بیله ماهر

The association was reported the most effective step that to ba Interviewing American could be taken in this direction officials socking support for its would be the abrogation, of the Dustnem was done in the local

most-favoured-nation

· exchange market principle oficial project-Router.

darkglik supplied, and the same at the following rates

X7.81560UM! (per $13. cotecagemment ?

Stetting-note (per, 41) tha

LONDON TIN

MARKET

Ota

0.23

SE VON *} doneulars gulders (per 1001 2000.

for Bhm Thule (par ́100)

systems throw group | Hingaðœen (Strafta) “.........,

choose

to

10. | FIC plustres,(per 100) (12)

מו

JAPANESE BONDS London, Oct. 8.-

In the avenues of trude Mr perfectly to processing on con- Industrials had the best mins

comer to

such Wilson added, "comparison ventional woollen or worsted since July 24 while rais regis

London, Oct. 02.11A movechont towardan La -advertising such as is. Blustrated systems do from Loret the best amin since Septem- bar:23, calhough proft-daking many of these excampics is petroleum

The Un market "was... steady.) policy by United Cotim And another-company; the closer

shaved, gull prices slightly near turnover was 121 tons: "Prins - might w

wall and-wilmproad- dece belted......“unfair......... and

Mooresville Mills,

has announced

of Mine mered to 2 points closed at the bad or the official port and if it could be received depanese bonds ULAIM: CHALLENGED new site for meaning

tropical weight group I claims that ane cz the Abreg will reball for US$ 21.60. Fechty 10 industrie Dacron is perspiration proof, In the Bir American Woolien Com-20 rakle

The bun specifically challeng="|and rüyari una inode offorion | strela froned.". Mótora šoproved morning weion' as follow Zoad] by the JA8 A. tela 'real; spirit:{

ed cla

"DWW "Jones: nvarager

it will make 15ation

fact, it wild," ","permiration or pany announced and wool-

of odon

ether moisture saturu Dacron suita then it romanos a poitié less them. Associatod PrOME.

Spot: in biyera faj

DELTA Boat ein, sollergiraj

471340) Business done E TAKS 100,01 Three-months, Lin, buyers

50.18 The months ting sellers a

Budnew 'Gone`atj 98.14

Settlement

falled Prees

Foto-operations might induce a ohse of trade and com- 200mbrosial activity, much ina is no pot Unkering with tariffs or financial Hema Jurgileg, will ever brisa about,"

Lotution Express Ek Kines

-HAFT(46. (of 1890) Vien" (483 of 1910) "C" (Ba, :" of: 1907) "D" (68. of 1984) SONY (8140 of 2980) Consola

102 315234

0096

Page

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Oct. D

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Зирад

Jan.

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D

Jan.

16

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MAKASBAR" TEQELBENG"

TJISADANE" . "VAN HEUTZ"

AN

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Singapore;

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ARRIVALS

In Port Oct. to

15

Oct. 21

Oct.

Japan

From

8. Amerter, 'B. 'Africa, 'Madrillas,

Desingapore; Djakarta de BERDIR Djakarta, Palembang, Balawan kali

singapore

Djakarta.

Semarang

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Oct. 16 Nov.

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U.S.A.

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