1952-10-24 — Page 9

MESSAGERIES

MARITIMES

M

Arriving

..Nov. 10

"PEI HO"

THE CHINA MAIL, FRIDAY, OCTOBER 24, 1952.

FINANCING AIR FLEETS

M Private Operators Make Plea To Government

Hometrard PDT

t.eaving

Nov. 19

Cutward Par

Japati

Nov, *FELIX ROUSSEL"... Nov,

"SAINT MARCOUF“ ... Nav. 18

3

Nov.

J

+ Nay. 1 Nov, 19

+"FALAISE"

For passenger and freight.

N. Atrics & Europt Marseilles viæ Balgot

N. Africa Europe

↑ For freight to Salgon, Algiers, Oran, Tangier, Casablanca,

Havre, Dunkirk, Antwerp & Rotterdam.

• Accepting cargo:

-vla Marseilles to all Mediterranean & West Africa Poris. --vin Djibouli to Madagascar.

Subject To Change Without Notice,

CIE DES MESSAGERIES MARITIMES P.O. Box 63, Hongkong

Queen's Building (gr. floor)

E

Tel 26851 (8 lines).

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 Const Indian Ports.

"LENEVERETT"

In Port Solis

Loading

Oct 24 for Singapore, Penang.

Rangoon & Calcutta,

"REBEVERETT”.

Arrives Sails

& Yokohama,

Nov. 7 from Singapore. Nov. 0 for Kobe (Accepting cargo for tranabipment Kobe/Pusan and Koby/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. “NORDSTJERNAN”

Arrives Salls

Oct. 25 from Singapore. Oct. 28

for Kobe, Osaku, Moji, Nagoya,

Yokoha Shimizu.

M. S. “STAR ALCYONE”

Landing Sally

Oct, 27

Oct. 28, for

Singapore, Bangkok, Colombo, Cochin, Bombay, Karachi, Kharramshahr, Basrah & Bahrein.

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

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

In

Paper Project

New Zealand A Major Industry

Wellington, Oct. 16.

The New Zealand Prime Minister, Mr Sidney Holland, said in the House of Representatives tonight that the Murupara pulp and paper project yas likely to become New Zealand's fourth great industry following the dairying, meat and wool industries.

World-wide tenders were now being called for equip- ment, and it appeared the majority of orders would go to the United Kingdom.

Mr Holland. In moving the would

to

require about 415m.

from

Second Reading of the Finance capital. Of this sum, £7m. O Eat which authorises the less would be required Gvernment subscribe for overacas. shares and make advances to To meet the cost of works It thustry sold the scheme was was int nded to raise £4,400,000 expected to be operating within in New Zealand, £3,300.000 n the United Kingdom, £300,000 Australia, £900,000 In

three years.

The project would exploit in Kuingaroa-the largest

Wage Increase For Rubber Workers

Kuala Lumpur. Oct. 23,

Malaya's 300,000 rubber estate workers have been awarded a dally wage raise of between 20 and 25 Biraits cenis by the Board Arbitration appointed

of

by the High Coinmissioner of Malaya, General Sir Gerald Templer..

These increases over this structuro arbitrary wake fixed by employers' after the collapse of direct ne- gotiations withi Jabour In September, were estimated to cost them about 8JI,- 500,000 д

when inonti rubber prices ranged be tween

60 and 90 cents per pound.

The Board advised the award to take effect from

The October 1.

award daily fixes the

Wages at $2.20 minimum and $3.25 maximum-Reuter.

INDUSTRY'S

RATION

OF STEEL

Washington, Oct. 23. The government announced today that steel rations for most in Consumer goods. industries the first quarter of 1053 will be doled out at a rate equal to 33 use prior to the per cent of Korean

Criticism Of UK Policy Of Export Priority

London, Oct, 17.

The British Independent Air Transport Asso ciation,, in its annual report published yesterday, makes a strong plea for Government aid to private airline companies in re-equipping their aircraft fleets.

New Silk Fabrics Produced

Prove Popular In United States

New York, Oct. 23. Three new Italian, silk fabrics of sturdy though soft texture hayo been re- ceived with enthusiasm on

ROYAL INTEROCEAN

"VAS, FRUTES": -MALTSUYCKER"

TJIWANDI

"TJIFUNIOK"

“TJIBADANT“

"TJIPANASK *TIILUWAR* "STRAAT

"MIALAKKA

"TKOBLHERO"

BAILINGS

Marktkat

Slugapore,

LINES

DJÁRA,

Mauriting,

18

Aingspero, jakarta. Remarang,

Djakarta, Semarang Nurabata

LEANNADA. Miettine -

*

18. Africa & 8. America Japan

Djakuri. Semarang, "Súrábala & Macassar-

Mantia, Belawan Dell. RingSpars

F. & A. Africa 5. America Japan ***

Pjakarta. Bemareng. · Aprabala

Stocascar

Djakatia Remarang, Korabila # Risekasar

Djakarta Remarang, Strabalu

NEKDANJAT

ilanka, Ningspore. Jakarta.

Darling 8. Africa & §. America ini, stogapore & 8. Africa

Guyabals & Macassar

Nov.

Nov. 10 Nay 11 Này a

Nov.

"TROKINERO"

Ngy. 20

"VAN LEUTE

N97 22

*THFÁNGEL

Dec.

1

"TJIPANAS**

黯

Dec.

•

Ner. 10 UFC. 12 Dec. 10

JADAB

Singapore,

Džakarin,

Dec. 23

pjakarta, Semarang.

'NTARLASA!"

fee. 31

Հոիդը

Jan. *

Jon. D

"VAN BEUTSZ" **TJILUWAB"

"THIANTJET"

"STRAAT

Jah, 10 14

"STRAAT SUENDA" ***TJITJALENGKA" "TJILUWAN"

"TJIKAMPEK”

"10188EVÄIN" "TJIWANO!"

the American market. One

Shantung that its | “avrs"

It suggests that the Government may have to "prime the pump" for investment in the air trans-A port industry, either by giving a guarantee to makers say will not shrink private capital loans, or by itself ordering new or water stain, aircraft for hire purchase by the operators.

Traders predict that such silks The private airline fleet is already a considerable should compele readily with one. In the past year, to June 30, the all-up-weight of domestic synthelle fabrics in the the aircraft operated by members of the Association, bring about a major revival for manufacture of clothing and increased by Im. Ibs. to just over 3m. Ibs.

the silk industry?

which troops are being carried in obsolescent Yorks, Vikings, and the odd 'Solent.

""'These may suffice for a year or two, but the problem of their replacement has to be faced,

report points out, This, the places the independent operators in a position closely behind British European Airways with a fleet of 38m. lbs all-up- weight.

During the year they flew and it needs more than an act 154m. passenger miles. almost of faith to expect the companies half of B.E.A's total of 300m., lo place orders for new equip and carried over $4,000 tons of ment on the strength of trooping freight, nearly twice the freight contracts of no more than two carried by both Corporations years' duration.

lon. Dependence on the Corporations' combined.

Della M. Grattan, President of an advertising-promotion firm now merchandising the Italian imports, said the silks came from the mill of Manifattura Serlea Piccinelli of Bergamo, Italy.

She said that from 9am. to noon on Oct. 20, the day after the new Shantung was On- nounced, American manufac- turers bought 100,000 yards of R. "And we

cabled for the immediate, shipment of a double supply."

cast off On the International scale, acroplanes connot be

regarded with a total aircraft mileage of as a sound

bosis for the 7m, the independent operators establishment of the main

Miss Gratton said American as a group are shown to rank carrying force for troops, nor do eleventh out of 38

aircraft offer any

had major air such

silk com-interest in

been transport operating countries. mercial prospects in competition dwindling as the result of cus- "These figures are the basts. for with the D.C.O. or Super- tomer complaints that slik gar- the Association's claim to more Constellation.

ments they bought would no! stand the test of wear, o equitable, oppurtunities in char- But factories con fatten their ing and contributing to the in-

cleaning, supplies, the National Produc- creasing development of air tlon Authority said, with left-passenger and freight traffic. over 1952 allotments on which

they are not getting full deli- OBSOLESCENT PLANES veries I- ecause of the two-month steel strike.

J

EQUIPMENT NEED

"It we are to continue to fulfil our trooping role, it is essential that when not required to carry military loads our

more

"M458 APPEAL"

In an effort to improve this situation, she said, she went to But in spite of the strength of | equipment should be able to Italy last Spring, visited Minis- And if steel muls keep pour-the privately operated aircraft hold its own in the commerical ter of Commerce La Maifa ano officers of the Italiah Silk Manu- ing out metal at present record fleet, which now totals 140, the field."

Association recognises that most If the new equipment were facturers' Association and rates, NPA said, supplemental

of these aircraft are obsolescent, forthcoming now, the Associatoured about 20 mills, explain- steel quotes may be granted for

caacs uneconomiction holds the view that, in the ing American demands. refrigerators, washers, vacuum and in many

run, new air long

the independent eleaners and other civilian items in comparison with the new dir-

craft now coming into oper

into operation

Experiments at the Serica would be able to treat Plecimell mill developed the operatora for the January-March

quarter. Hopes or bigger rations of with the international airlines.

their military obligations as no now. Shantung tradp-namext The main heavy type included

ore than incidental

to their copper end atteninlum in early

"Seta-Shan No. 33. The other privately

ately commercial operations. 1953 also were dashed by the in the list of U.K.

developmenta

were o But, it declares, it Britain does

pre- popila-like silk shirt. NPA Administrator, R. A. Mc-operated aircraft, in fact,

York, post-war

gap-filler not make a move now to ordering and a tufettised crepe. In Donald. These allotments will remain at 60 per cent of her bomber, and

developed from the Lancaster the aircraft she is going to need, hope for a real revival of

long since Korea use of copper and 55

re- whether for Slate Corporation American silk imports, Miss Ver

cognised by B.O.A.C. cent of aluminium, he said.

or private operator, she will be Grattan said many Italian mills economic oven as a freighter. left out Before

workers' the Heet

of the race for the are working on other unique bike,

With independent operators International air-carrying trade, style fabrics. stei allocations had

such out-of-date and will endanger her defences been

fixed at levels matching relying on

aircraft, says the report, the into the bargain-The Financial the availability of the other two

years are Times. controlled materials..

going to be the most difficult.

It argues that this périod should be no more than one of

In announcing the new allotments, Mr McDonald sald

und

next two or three

But

is the

that NPA wants to increase transition, sthee new British - steel, copper

aluminium craft are dying in the prototype supplies as rapidly as possible stage and going into production

but

"several developments" which ore going to mako have nullified its effortuania, casts.

nonsense of current operating

In Morrisville,

It was announced that the huge new Fairless works of United States Steel Corporation will

De begin producing steel in cember,

19 months after con- struction of the plant was started. The plant, named for

the Corporation's President Benhamin Fairless, will have a capacity of 1.8 million tons of steel a year.

The plant is so big that, in- 75 miles of side. there are standard-gauge railroad track and 20 miles of motor roads. Construction costs were placed at $450,000,000. Location is on a 3,800-acre site in a bend of the Delaware River-Associat-

ed Press.

Whether the Independent operators can place orders, which must be placed now if the air- craft are to be delivered' In time, dependa both upon Government pulley and upon whether the investor will grasp the opportunity offered by the lead which has been secured by

our manufacturers.”

.

AIR DEVELOPMENTS Up to the present, the report goes on, the fact that so inrgen total Britishi proportion of the

whose

air transport operations since the war have been carried out by the State Corporations, Пnanco is provided by tap

easury, ps

meant that the financial interests have had little cause for

hitherto

The Rubber studying the development and

*

Markets

Singapore, Oct, 23. Prices of rubber futures closed today as follows;-- Nimber rubber, per lb.

November December January Number

Atember Number

November Number

Epor rubber, unba Blanket crepe No. 1 pale, crepa.............

7055-42 70-1

rubber.

3

4

rubber.

November man-Canada, £1,800.000 in the U.S.. mude forest in the world-and and £300,000 in Sweden and

Negotiations

On Rubber

London, Oct. 23.

Switzerland.

future of air transport as a field for investment,

After suggesting Government

HONGKONG SHARE MARKET

(From Our Correspondant)

Business done on the Stock

Exchange this morning amount and the morning's transactions: ed to $419,428.80. Noon prices

·SHANES BUYERS BELLEDS VALES

..1403 .. 10

BANKS

IUC Bank Laut Aala INSURANCES

Camph Unida Underwriter HK-F

130

waterboat 11.40 Asik Nov. 140 DOCKS, ETC.

02

SHU-FING

K. Whart N. P. Whart Docke Agavident

12.70

Shal Dock . '1.08 Wheelock ... 43%

that the give a lead here, the report questions tha polley of laying all the emphasis LAND, ETC. on the export possibilities of the new British aircraft

Stressing the Increase in alr

view that the trame eight years will be the next

than

much more the doubled volume recently forecast by the Minister of Transport and Civil Aviation,

"It is clear that the imperative. need is to see that British in- dependent operntors as well as the Corporations have sufficient aircraft to cope with the spate.

0924-044 the Association declares; 7094-34 04-65 .00-10% -United Press. GREAT MILESTONE

LONDON MARKET

London, Oct. 23. For the first year of operation Prices of rubber futures the industry was expected" to

closed today as follows; save $10m., Mr Holland con-

Number 1 rubber, in pence tinued. Adding that exports por Ib.

December for the first year were expected

January/March to amount to £6m. the scheme

April/June the Government July/September

22-223

£2.2zif 22.22

22-22

United Press.

INCREASED TRAFFIC "Otherwise Britain will be in the unhappy position of seeing foreign operators carrying the | traffic on British wings, and our own operators unable to compete because Britain has served the foreigners need for equipment

this WEEKLY BANK before her own, updat

Negotiations are believed to would not Fave been proceeding in London £12,000 yearly in royalties, for some tiine kotween the Sovieti "If we pass the bill I think it Union and Indoncain for a long, will mark a great milestone in term rubber contract,

the development of The negotiations are belog country," said Mr Holland, ronducted by the Ambassadors "Parliament tonight is being asked to authorfie the Govern“ the tw Soviet proposals are now. being ment to assist in the develop- enaldered by the Indonesian ment of a great natural enter

0:

two countries.

Gment in Djakarta.··

prise."

STATEMENT

for

the first time since the "roaring

Miss Gratian said that

'20s silk shirts. for men should become highly popular again, only now it will be better shirts for less money,"

"I fully believe these Italian silks will bring about a resur gence of the silk.import ... in-. dustry and will have appeal to the discrimipoung American customer," sald. Miss Grattan.-Associated Press.

is

SYNTHETIC FABRICS

miss

New York, Oct. 23. Market observers here any it wrong to worry about the demand for natural dures. synthetic fabrics overwhelming

They said it is true that mán-. 10 a 1410made chemical Abres (including

and royon

acetate) now re- present an output of about billion pounds a year, or more than 20 per cent of the grand total of all fibres.

2006 97

100

21 500

20000

200 @ 45%

2004

1100048

300, 481% 200 & 450 300 & 4625

JIK Hotel 4.00 6.63 3600 q · 0.55, hà Land (Ü) V38

(N)

Slant Land 137

KIN

Humphreys UTILITIES *Trani *1.

* 20.30 20:40 Peak Tram

Peak Tram

N

Bjar Ferry

110

23 23.30

1000

1002310

¤ Light (0) 91⁄4 0.0 1230 C. Light (N) dis

·Electric .....

Matso Mec.; 10.00 Telephone. 17.40-17.00 INDUSTRIALS

(R)

Cement Hope $10s, Dairy

Watson

The Association, developa ita Bim Cal argument on the basis of the COTTONS need for a great reserve of transport aircraft In London, Oct. 28.

war, and the fact that of England Defence Ministers have ex-

The

of

n

1.5

Jan. 10

MAKASBATE" Feb. 1 “THIWANⱭr"

Feb.

"TJITJALENGKA“ Feb. 0-

*TJIMENTEND"

Feb, [3

"VAN HEUTAZ"

"TRGELDENG" "TJIWANGE

"RUYS"

་

Semarank.

Rueabala

*

$ingapore, Djakarta, Semarang,

"Buradals Macanar

Stanila, praPOET.

Djakarta

Biavelțios, K. Africa & S. Amerien Son Singapore &B. Attiek

#Ingapore, Dinkarta, Memarang,

Birasia Macausar

Japan

Терап

şingapore. DjJakarta. Semarang

Borabain & Macassar

Singapore, Djakarta,

4. Africa & 8. America

AVANTICELLO,

Manila. Singapore & Africa

ARRIVALS

Frota

Djakarta, Sentarang.

Mutassar & Ringapore

Part

Oct. 24

flet

Japan

Bet. 20

Stacassar,

Stitabain,

Surabala, Semarang,

Djakiri singapore

S. America. 8. Africa. Meurkius,

Singapore & Manila

KING'S BUILDING, Ground Floor.

TEL. 28015/18.

CHINESE AGENTS: 82 CONNAUGHT ED, C, TELS. 31195, 25183

MAERSK LINE

-FAST FORTNIGHTLY SERVICE- TO:

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

NEXT SAILINGS

Nov. 2 Nov. 16

Dec.

2

Oct.

91

Nov. 19

Nov. 28

ARRIVALS FROM "U.S.A,

M.S.- "LEXA MAERSK”

M.S.

"LAURA MAERSK"

M.S.

"LEISE MAERSK"

M.S. "LEISE MAERSK"

M.S. "GRETE MAERSK”

M.S. "JEPPESEN MAERSK"

AGENTS:

For Freight and Further Particulars please apply to:-

JERSEN

Pedder Building.

& CO.

Tel. Nos, 86086-9.

Dales and rotation subject to change without boiļre.

At liberty to proceed via other... ports..to load/disebarge -caran,

Drop In

Demand

INDIA A

MENACE

For Cotton TO JAPAN?

Is Forecast

Textile Exporter

London, Oct. 23.

Washington, Oct. 23... India may outstrip Japan in The U.S.Agriculture Depart-the world textile, market during ment today forecast 'a drop' in the next few years, the Financial demand for American colton Times said today. during the next two years with

It is significant, it said, that

Increased production and the use last year Imports, of Japaneso of synthetle fibres,

groy cloth-into Britain · totalled · estimated that cottop 80,000,000 square yards and. consumption in The current imports of 'Indian cloth totalled scason will total about 14,000,000 over 100,000,000 square yards. bales, down about 800 from last season.

But they add that wool and cotton during the past 23 years the period of the development of the synthetics also hus ained in consumption by about 3,000,000,000 pounds

It year. That is about twice life total f man-made abre production.

The traders said that new synthetics like Orion, Dacron, Dynel, Acrilan, X-51, Spran, Vicard, and others are only textile Just now reaching the irades in something approaching commercial volume.-Associated Press

LONDON TIN

MARKET

London, Oct. 23. The Un market" was pleady this morning. Turnover was 40 tons, including 10 tona for cash. Prices closed at the end of the oficial morning acssion follows:

બ

4

302018

Spot in, buyers

Spot Lin, soiteri

800 19.00 Business done st

17.00

1960

1000 à 20

23.50

$172. 143

'ng

05136

141

Thess imperts were easier to handle than imports from Japan,

A decrease in exports is ex-because every yard of Japanes pected to offset a light increase grey cloth imported is subject in domestic use.

to the condition that after anishing it must be re-exported. "No such conditions apply to probably would be somewhat Indian inporta” smaller than the current year

Next year's

crop demund

i-+-

with the foreign and domestle If the ban on Japanese cloth markets asking less.

were applied completely, # would be a serious blow are expected Japan's export hopes, It added. 9,500,000 bales

Domestic mills

to take about this 'season. cotton textile. been reduced.

The excessive The Financial Times corres- inventerles had pondent pointed out that In this and other discussions on' world trade, India's position in the Colton exports this season are Commonwealth appears, to Nova expected to decline to about been largely overlooked. 4,300,000, bales compared with This, he said, may prove to 5,500,000 last season

be to India's advantage when that foreign stocks she is ready to resume exports It notes

because she have been increased.

will have access to forecasts

her own cheap rew cotton, and pecus so hep available ample labour forces whose standards ef lving, working conditions

even those

The

Department

300 10.00 Free-months Um, buyers te increases in foreign diul de

Busines dona al Battlement

use of synthetic Abros such as rayon and nylon. Ex pansion of synthetics in the US. and wages are vastly below and abroad will continue at pre

from-3050- the same rate

rate from J

Auction of syntholle

PICES

of Japan.-United

New Barter Pact

United PrØRS,

JAPANESE BONDS

Exchange Rates

|

London, Oct. Japanese bonds

"A" (48. of 1899),

24.

libres 1951 totalled 4.210,000

pounds./ caripared

80V

3,004,000,000 the previous year.

"B" (da. of IDIO)

71:

American output, which is ex

India and the Argentne last

C(8 of 1907)

$134

D" (58. of 1934).

101

many foreign countries, totalled [ment, a

"E" (0% of 1930).

11.00 Consols

60%

United Press,

United Press.

sides giving worthwhile ment for the week endius octo-pressed their reliance not merely were also circulating

in London yesterday that Com-employment to thousands, the munist Ching had proposed to now industry would create ex- buy the entire Ceylaneso rubber | ports, and garn lorgp, sums of production under a new Ave overacas Sterling, save the ex

contract and at prices | penditure" bf my considerable inarkedly above those of the free amount of dollars and help with markels-France-Presse,

the present Sterling crisis.

-year

ber 22 reads as follows:

Notes in circulation

Publla deposits

Pivato deposita Davernment securities' Kihar, securities ---{***. Tivceipts Bank” ratio:

upon air transport but upon the Dudince was done in the "local £1,447,487,000 Independent operators to provide un EXTENDICANDAL RENE

34,197,000 1

májúing 3477,000 d

US dollar (2 525,247,000 “We cannot belleve, however," suinis, nofeld pes 700,000 1 declares that the Service stam ticals der

Indonesian boy!

(per 100): deportments will continue to be

Bingeborg · (BLEMSLO}" Satisfied with a situation in PTO plastres (pwr:(100),

15,30

*United Press,"

Buenos Aires, Oct. 28.

panding more slowly than in night signed a parter agrcom

1941,504,000,000 pounds against Indila will export sacking in

1.405,000,000 produced in 1950-exchange for

whoat France-Presso

Argentinian