1952-10-23 — Page 9

MESSAGERIES

M

"SAINT MARCOUF" ....

*PEI 110"

*FALAISE”.

*FELIX ROUSSEL”

MARITIMES

Leaving

M

Outward for

Arriving

Port

Nov, 10

uct. 23

Nov. 10

Japan Japan

.Nov. 3

.... Nov.

Nov. 1 Nov.

3.

· +"SAINT MARCOUF“ ....Nov. 15 Nov. 15

•

For passenger and freight.

Homeward For

N. Africa & Europe Marselljes via Raigon

N. Africa & Europe

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

Havre, Dunkirk, Antwerp & Rotterdam.

Accepting cargo:

via Marseilles to all Mediterranean & West Africa Parts,

-vin Djibouti "to Madagascar.

Rubject To Change Without Notice,

CIE DES MESSAGERIES MARITIMES

P.O. Box 53, Hongkong

Queen's Building (gr. floor)

EVERETT

Tel. 26651 (3 lines).

E

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”

In Port

Salls

Swiss

1

THE CHINA MAIL, THURSDAY, · OCTOBER 23, 1952.

Budget Deficit

Berne, Oct. 22.

The Swiss Federal bud- Ret shows an estimated deflett In 1963 of about 119 million Swiss francs-about 100 miillon

than last year,

Expenaca

franca

jess

are estimated ni 1.787 million franes and receipts at 1,608 million

franca.

The budget was approv-

ed by the Federal Council yesterday. Reuser.

Brazilian Industrial Activity

Enormous Increase In 10 Years

Business In

The Old Fervour

West Europe Lacking

Recovering

London, Oct. 22.

Business in most of Western Europe is staging a quiet comeback after slight slumps earlier this year, an Associated Press survey in dicates.

Only in France are there real signs of a possible depression. Elsewhere, economic experts say that business activity levelled off or turned upward in recent months and that any fears of a widespread depression

appear to be unfounded.

Up-to-date reports from most Western European countries point to slightly better times ahead.

+

Huge spending for rearmament with the in Western Europe, United States footing much of the bill, is a chief factor in the better business outlook. when it stops, however, a ro assessment of the situation may

be in order.

If and

Rio de Janeiro. An enormous increase In Brazil's industrial activity between 1940 and 1950 is shown by a comparison of the last two census returns, During the decade the num ber of industrial establishments Recent United Nations reports

said

de. signs of a creeping increased by 10 per cent, from 49,418 to 89,088; invested caple | pression hadi appeared .in tal by 186 pir cent, fron

Western Europe in the first half £360.7 mullions lu £1,033.5

of 1952. Since then, however, millions; and the value of in-

appears to business generally dustrial production by 567 per have pickert

millions to Cent, from £349.0

countries. £2,334.0 millions.

1157

in

Loading

Oct. 24

for Rangoon

Singapore,

Penang,

& Calcutta.

One of the sectors of Brazil- in industry in which develop-

Omcials of for European

the Organisation Cu- Economic

"REBEVERETT"

Arrives Salis

now

Colombo Plan Director

In Britain

Plan technical

ROYAL INTEROCEAN LINES

*RUYS" "TJIWANOP

Comment On Empire. MONDOK“

Preferenco

London, Oct. 22,

MALAKKA

A case can be made out for relaxing GATT's "blan- | "STRAAT ket prohibition" on fresh or

Imperial Pre. "TEGELDERO" increased ferences, writes New Com-VAN HEUTZ“ monwealth. However, this | "awaños" should not be made the pre TIPANAS text for Britain's with- drawal from GATT, it adds. the Imperial Preference system, judiciously applied, is, accord- Ing to its advocates, at least as likely as the Schuman Plan 10 "KAMPEK"

SAILINO'S,

To

EurData

Bemarang.

Dakarts,

Macaigar,

· Kingapore - A› Džakarta Лирае

Djakarta.

Blogapore.

Burábala Marija" Djakarta, SOMMATARE

slagsporu,

Djakarta.

Femarang,

· surabain

6. Africa B. Amerien

Burnbala & Macassar

Manila, Belawan

Dett.

Mauritius,

Bemarang,

Kingspore,

E. B. Africa & 8. America Japan

Djakarta. Bemarang, Burábalu

Марамар

Stogapore, Djekarts, Semarang.

Burakaja & MACKEN

"TASMAN"

"VAN DEUTASH

04.

"MAETAUYCKERK

·ON.

Nov.

Nov.

+

Nov.

TJISADANE"

Now 10

**TJIPANAS" “ŢJLUWAN"

Nor. Nov. I

21

Japan

Singapore,' Djakarta,

1

Nov.

14

NOT. 20 NOT. 21

Det.

Dec.

Djakarta femerank.

Dec.

Mahila #ingapore,

19

"DOISSRVAIN" **THWANG)"

Dec. 13 Dec. 14

Dec. 13

Dac. J1 Jan.

Зарад

Blogapore,

Jan. 1

Jan. 10

Jan. 14

Jaa. 14

Jayah

МАКАЕВАЕ "WANGI"

"TJITJALENGKA"

Feb. fab.

Feb.

1

TEGELDERO"

Whatever its shortcoming, "STRAAT BRENDA" Dec.

increase the total volume of world trade.

"ISITJALËNOKA" HTFILUWAE”

But the matter has to be seen in perspective, New Com-RUYE

monwealth continués.

Preference by definition it-VAN HEUTAZ" volves more than one party, it | "THLUWAB"

sayo.

"The wine growers of Aus- trolla and the tobacco growers of Africa and Cyprus. remain excectlingly vocal In its sup- port, But the old, wellnigh all-embracing Messianic fervour is notably lacking.

on

5+

#TJIBANTJEN

"STRAAT

"THWANGr

"RUY8"

Surabata

DJAKBYLA,

Maitiline, A. Africa £ 8. America

Maulia, Ringapore & 1. Africa

Djakarth, Remarang.

"Burabnia a táneasiat Diskarta, Semarang, Burabala

tacassar

Japan

Aingapore, Djakarta, Semarang,

"Bursbála & Macassar

danila, singapore, Ujzkaria, Mauriun, B. Africa & N. America Manila, Singapore & 8. Afiles Singapore,.

Djakarta, Semarang.

Anrabala & Macassel

Japan

Singapore Djakarta. Remarang

Surabal & MacaleAT

Singapore, Djakarja Mauritian,

8. Africa, Anutic

ARRIVALS

In Pori

In

Port Ott. 21

Ort 29

From

Boniarang.

Miscesser i stugapore

Djakarta,

Surabala,

Macar

Buradala, Djakaria & Singapore

Bemarang,

8. America, 8. Africa. Mauritius,

Singapore & Manila

KING'S BUILDING, Ground Floor,

TEL. 28015/18.

CHINESE AGENTS: 82 CONNAUGHT RD. C. TELS. 31190, 25133

"Pokiston not so long sinca took the initiative in cutting "YAN uruts2" certain margins of preference

goods. British London, Oct, 22.

India is "TARMAN"

similar Mr Geoffrey Wilson, Director known to contemplate spost

whose Canada, with action. of the Colombo

stately capital Imperial Pre- assistance scheme, is on a short ference will forever be identi- visit to London from his head-

fied, would not shed icar, if al

Colombo,

the quarters

what remained of the system ment has been most pronounced operation (OEEC) in Parls said Treasury nanounced

withered away." cd today. Mr Wilson business men

talks is the manufacture and assem-they had heard

is having

out, Government de-

And, the paper points bly of transport material.

the time is past when White- branch.. now includes talking of an improved trend in with British

problems related produellon in the last partments on clarific and diesel-eltcirle inco-European Prouds but they suld le Yokohama.

the Plan's technical training hall could with impunity mani- pulate Colonial preference mar- matives, railers, and steel couple of

it is impossible to give any scheme. bodles,

gins to bolster high-cost British He

will address a Press con- Im- such statistical proof of

on Thursday on the ports. provement now, because there is ference always a lag of several months year Colombo Pin one six-year Plan for the member

Kovernments conomic development of South before supply the necessary figures.

end Stuth-East Asia.

Commonwealth Mutual Security Agency

governments United States have promised up to a maximum officials,

'៩' ៩,០០០,០០០, to financ Government's económie experts of in Western Europe, are in much technical co-operation and per- the same spot. But they, too, sonnet training schemes. said reports of a recent general upturn In business were current.

Nov. 7 from Singapore.

Kobe Nov. 8. for

(Accepting cargo for transhipment Kohe/Pusan and Kube/Okinawa)

EVERETT STAR LINE

Fast cargo and refrigeration spaces available for Koren, Japan, China, Philippines, Indo- China, Stan, Malaya, Ceylon, West Coust Indian and Persinn Gulf Poris.

FIRST CLASS PASSENGER ACCOMMODATION M.S. "NORDSTJERNAN"

Arrives Sails.

Oct. 25 from Singapore. Oct. 20

for Kobe, Nagoya, Yokohama & Osaka,

M. S. "STAR ALCYONE"

Loading Soils

Oct. 27

Oct. 28 fur Singapore. Bangkok, Colombo, Cochin, Bambay, Karachi, Kharramshahr, Basrah & Bahrein,

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

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

Japanese Aviation Experts Getting.

wagons, bus and van and motor-lorrics,

has

Another activity which

Wir expanded rapidly last decade is the manufacture of rubber goods.

TYRE OUTPUT Production of tyres and inner tubes for motor-vehicles has increased fourfold, while the the most recent development, making of bicycle tyres and tubes, hus reduced imports by 600,000 units 4 year.

In Expansion

these two branches of industry likely to low town.

not

the

PRICE TRENDS

Mr Wilson took over direction of the Colombo Tech- nical Assistance Bureau in early 1951.

Mr Wilson arrived by from Ottawa last night.

air

all these grounds, it con- cludes and doubtless also with American sentiment in mind- the impending Commonwealth conference is unlikely to plump for wholesale abrogation of GATT.

MR. BUTLER |

DODGES

THE ISSUE

He plans to fly Colombo. on Commons Query On

. Price Of Gold

His muin task Is to arraige The OEEC's latest survey-for places for trainees training the first half of 1962-described equipment and technical and road The heed to improvė

Western Europe's rate of in-professional assistance in Cam- and rail transport has become

crease of Industrial production monwealth countries, urgent In view of the develop- mining,

as "far from encouraging" and ment of agricultural,

activities, pointed out there had been no and manufacturing and. the Various Government decrease in Europe's deficit with

will entail the the dollar avea. programmes

The OEEC placing of large orders at home and abroad during the next five majority of years at least.

Established firms are increas- ing capacity to meet the de-fallen slightly.

report on inang:

Commission for

The MSA's latest

in developments Economic Development has op economic

Mr Wilson had already visit- proved a proposal by the Ger-

Western Europe of industries ed Australia and New Zealand man Krupp interests to

basic to defence, production--

cal training scheme.-Reuter.

the

said that In a member countries priees had not risen since March, 1952, and In some cases had

Monday.

He had talke in Oilawn with Government departments and Di Canadian

London, Det. 22. representatives

institutions about technical

Mr Richord Stokes, former placing "Colombo Plon"

Labour Minister of Raw trainces Canadian organisa- Materials. contended An the tions.

House of Commons today thes it was ridiculous that gold should maintain the same dollar value when the cost of produc- tion had gone up.

Jocumolives in Sao Paulo; Bri-1952, cald "output of industries which contribute to the tech-

tish French, and German crude steel, electric power, con! motor manufacturers are setting and metal products continues

plants; Italion

rise. Agricultural up assembly

its long-term rise. companies-have-begun building

has the production lorrica in association with National Motor Factory; Dunlop's will shortly be making tyres in Brazil;

increased

and steadily. But, dua to populust

Growing Competition

Tips From America For U.K.

New York, Oct. 22.

Ichio Imai, Japanese economist, says Japan wants to become a servicing workshop for aircraft flying the Pacific air lanes.

It wants to have highly-trained Japanese mechanics ready to make expert and quick repairs for any disabled plane.

ד

repair

London, Oct. 22. The Financial Times today drew attention to the growing competition from Germany, Italy and Japan to Britain's ship- baliding industry.

gains, per capita output is approaching the pre-war level.

civilian

"Since Western Europe's ex- 18 going panding production Increasingly into defence, invest- ments and exports, it

it has been possible to consumption only

The Associated Press surv

survey sought to bring the picture up to date. Both private business and government sources, in each country were asked to analyse They present economic trends. reported:

improve only moderately."

AMERICAN ORDERS Production and Employment keys to economic two main health-have been bolstered by "It is still the case that Bri-American orders for $683,000,000 tish shipbuilders connot quote worth of arms and other military fixed

prices to

to foreign buyers," equipment to be turned out by the Western European nations the paper sold.

themselves. They feel that they cannot tell what their costs will be in three or four years' time.

methods used at the modern air- Japanese Government is con- hand there is reason to

HONGKONG SHARE MARKET

(From Our Correspondent)

Business done on the Stock Exchange this morning amounted to $328.003.20. Noon prices and

the morning's transactions:- SHARES DUYERS. GELLENS SALLA

BANKS

HK Back... 1410 East Aaja...

INSURANCES

150

But Mr Richard Butler, Chan- cellor of the Exchequer, refused _to__be_drawn into. making a the

statement

en behalf

of

Government,

representations

Mr Stokes had asked what

Mr

Buller

made at the recent meeting of the International Monetary Fund

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

M.S. "LEXA MAERSK❞

M.S.

M.S.

LAURA MAERSK”

"LEISE MAERSK"

ARRIVALS FROM

M.S. "LEISE MAERSK"

M.S. "GRETE MAERSK”

M.S. "JEPPESEN MAERSK"

NON

Nov. Nov. 16 Dec. 2

2

U.S.A.

2 Nov. Nov. 19

Nov. 29

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN

Pedder Building.

CO.

Tel. Nos. 36068-9,

Dates and rotation subject to change without notice.

At Uberty-lo preceed via other ports to ford/discharge cargo.

to get an agreement to an ad- PENINSULAR vance in the price

monetary

gold fixed at Bretton Woods, to a figure in keeping with the realities of today,

Mr Stokes wald that 75 per cent of the gold of the world the Soviet produced outside Union came from the Sterling Area and the prevent price was an Insufficient cushion on which to conduct world trade,

Mr Butler replied that Britain 25 1413 had made no representations, of o but sperches in favour higher monetary price of gold were made by the represmia- tives of South Africa and Aus tralla.-Reuter.

200

100 & 203

D

132

.. 11 00

Canton Unions ...... 77 Underwriters HK Fi... SHIPPING

Waterbout DOCKS, ETC.

K. What N. P. Whart Dock Provident Who lack

LAND, ETC. HK Hotel

These orders were placed That, he said, is the underlying Mr Imai said here. "The best

under the

States' United und 10 other of ground crews is needed there reason why he

offshore procurement programmie "With the growth of compell- aviation Industry lenders have for the progress of International

for the year ended

June 30, been making a detailed survey flight."

Lion, particularly from Germany, With

thut in mind. of maintenance

Bnd

the Italy and Japon, this is a severe 1952. Most of the orders are still "In the works" and their un Western Europe's ex-effect craft plants and airports of sidering the establishment of an

has still to be felt economy Western Europe and the United aircraft maintenance and service pect that Increased steel sup-

fully. piles will not only allow British organisation,

The country by country The mission is touring Ameri-production to rise but will also

other revealed these survey tend to reduce costs, can Installations as guests of

economic

. Western signs the

"Steel. Is becoming caster, U.S. Air Force. The

"But will British shipbuilders Europe: Japanese are studying assembly

be able to win back the busi-

trends still UTILITIES Rubber Futures methods in plarie and helicopter

1. Most busiOCKS

.of the factories where ness that has gone to foreign

follow those plants, and in

and pro- yards?"-Router,

States. engines, instruments

As long as American pellers are made.

business continues good, Europe's

States.

"Japan is nature's crossroads of air transport in the Pacific,"

In S'pore

Singapore, Oct. 22,

Prices of rubber futures closed

today as follows:-

Number rubber, per 1b...

January

November

December

Number 2 rubber,

Number 3 rubber,

November

November Number 4 rubber,

November a Spot rubber. Blanket crepe No. 1 pale crepa

2434-16 7412-52

CAR PRODUCTION IN ITALY

units

Rome, Oct, 22. production in Kaly WOJ

Orst In the

six

busin

in

2. Governy is also

92

21.003.10 500 12.00 ....... 4435 44% 200

31.80

12.70

800 441

́6.00 0.70 8000 @ 0:00 HK Land (9) A 57

Humphery.

LONDON TIN

MARKET

The tin market

London, Oct. 22.

was steady this morning. Turnover was 40 1220 ừ 44% | tons, including 10 tons for cash. Prices closed at the enti of the oMcial morning, sespion follows: Spot tin, buyers Spot tin, sellers Business done t ||Three-months 438, buyera Three-months tin, sellers

BS 100 6833

400 @ 65 1500 @ 120

United Train ...... 20.30 2011⁄2 600 @ 20.40 Business done at

PORK TIM

Peak Tram

(N) 181

Settlement

115

155

043

$65

-United Press,

C. Light (07 0.65 2.75 2008 New York Stock

Star Ferrp.. Tià - anti-inflation and some moasures in Britain other countries have levelled off consumer buying and checked any Inflationary

Centric **** business business

120 9.80

1600 @ 1.49

4. Light (N) SAB 0.55 2333.20 Macao Mac. 19.00 · $357 @ 11 Telephone

14X1047.00 (n) 3.90 130) @4

1100

TO REPORT. They are being made familiar used by Wright with methods

Bendix and engine builders

Car instrument makers. Their trip 03,810

This has put "booms." will take them to such aviation

of 1052, B decrease of on a more solid, hea

basis. healthy Kansas, months 0231-6014 centres

16.8 per cent over the Corres- 3. Buyers markets have re- Dallas, Texas, San Francisco and pending period last year.

placed sellers' markels in many Exports in the same period countries-just na they have Rope When they go back home in were 13,711 care and 315 in done in the United States. Out- STORIES, ETC about a month, they will report dustrial vehicles,

below put of many goods has reached thoir andings to the Govern- the comparable 1951 period.→→→→

Associated Press,

844-632 Scattle.

7436-45

97-102 United Press.

ns' Wichita,

Mr Imel hopes that arrange- ments will be made to send many

JAPANESE BONDS Japanese mechanics to

London, Oct. 22.

Japanese bonds

"A" (45, of 1999)' "B" (48. of· 1910) · 4) (59, of 1907) **D* (69, of 1934) - "E" (51⁄2s. of 1930) Console

the

also

LONDON RUBBER

United States for training and,

London, Oct. 22. perhaps, for American Instruc-

Prices of rubber futures closed tors to teach others in Japan. 80%

For Japan to do the job it today as follows:- 714 1344 wants to do, he said, there also Number 1 rubber, in vence 10174 would be a, need to import pember 150 various types of American January/March

April/June Assbelated July/September BOM machine tools. -

Press

-United Pres

ib.

34-22

**United Pres.

INDUSTRIALS

Cement *****

17.00

....19.40

Dairy

Watson D

#

COTTONford 29.30

19.20 400 10.80 20.10

outlook, DWD 2.60

remain

most European business experts

រី

Exchange

New York, Oct. 22.

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CARTHAGE"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

SPECIAL NOTE:

EMBARKATION:

FRIDAY the 24th October at 12.00, Noon for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said,

ALL passengera baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at NO. 2 GATE, CANTON ROAD ENTRANCE by NOON on THURSDAY the 23rd October, 1952.

}

With the excaption of hand packages carried by passengera themselves, ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading on board by ship's slings only. Will take place FRIDAY, the 24TH OCTOBER, 1952 between 9.80 a.m. and 11,00 a.m..

Stock exchange prices rolled ESSENTIAL SUPPLY CERTIFICATE

back to the early June lovela which cut over $1,000,000,000 from the market valualian Deal- Ings totalled 1,160,000. Of 1,188 Issues, 190 advanced, G08 declin- ed and 260 were unchanged.

Market news had been practi cally non-existent except for items affecting Individual stocks

traders and most think that any significant move probably would be delayed. Chemicals losses Motors ranged to over three. were down from fractions to over a point. Television shares, which dined on Tuesday, show-

of over + 109 | ed losses

point. United Press.

the level of demand for the first

since 20

the war. time

for the future As

business will belleve good or even get better.

Business done in the loot they are not overly optimistic.

marketinis Business conditions generally usefill, derbarer appear best in Western Germany moming at the lowlang kuten :---á) where almost everything from the moles per 1) 'production to consumption is nonetary gällders (per, 100)

Associated on the upswing.

But Exchange Rates

Press

am-ticals (per-100) Bingapore (Bitral(a) VICTM pinaties (per 100)

8030,

DECLARATIONS

Forms 3, 4 & 5 as amended

by the Government 07

Hong Kong

ON SALE

at

SOUTH CHINA MORNING POST LTD.

Hong Kong: Kowloon,"

These amended forms came into force on Oct. 1st.