1952-10-29 — Page 9

MESSAGERIES M

"PEI HO"

*"FALAISE”

Arriving

THE CHINA MAIL, WEDNESDAY, OCTOBER 29, 1952.

Y MARITIMES JAPANESE COMPETITION

Growing Importance Of Non-Textile Products

Leaving

Nov. 1s

Nov. 10

..Now.

*FELIX HOUSSEL" ... Nov.

"BAINT MARCOUF"

"PEI HO

Nov.

Nov. .Dec.

↓ Nov. A

Nov. 13

4 Dec.

18

5

• For passenger and freight.

M

Untward for

Japan

Homeware For

N: Affles & Kurog Marsalles via haszolh

N. Afrlen & Eutopa N. Atrica & Europe

For freight to Saigon, Algiers, Oran, Tangier, Casablanca, Hayce, Dunkirk, Antwerp & Rotterdam.

• Accepting cargo:

Via Marselles to all Mediterranean & West Africa Porta. -via Djiboull to Madagascar.

Subject To Change Without Notice,

CIE DES MESSAGERIES MARITIMES

.P.O. Box 68, Hongkong

Queen's Building (gr. floor)

EVERETT

E

Tel. 26651 (3 lines).

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.

"BRADEVERETT"

Arrives Sails

from Manila. Nov. 4

Singapore, Nov. 5 for

&

"REBEVERETT"

Arrives Soils

Rangoon

Penang, Calcutta.

& Yokohama,

Nov. D from Singapore. Nov. 10 for Kobe (Accepting cargo for transhipment Kobc/Pusan and Kobe/Okinawa)

EVERETT STAR LINE

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

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

Loading

Suils

Nov, 3

Nov. 4 for

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

M.S. "NORDSTJERNAN“'

Arrives Sails

Nov. 19. from Japan.

Nov. 20 for Singapore. Port Swetten- hain, Madras, Colombo, Rombay, Karachi, Kharram- shahr, Basrah & Bahreja.

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

EVERETT STEamship corPORATION S/A Queen's Building, Telephone 31206. Chinese Department: Tolophono.28293..

Effect On Foreign

Canadian Wheat For Yugoslavia

London. Oct. 28.

A contract for the pur-

tona chase pf 105,000 Canaan wheat has been

between sgpoluded Canadian

and Υμπορέν Governments. the HOWS agency Taulus reported

Lodaz

The Arst deliveries will bo phipped to Yugoslavia In November, the Agency said. It added that th Canadian Government has approved credits for pur- chase by Yugoslavia of a total of 150,000 tons of wheat-United Press.

Export Bonus Schemes

Increase

In Exports Of Heavier Equipment

London.

Textiles accounted for 46.5 per cent of Japan's total exports in 1951, and cotton goods alone amounted to 27.3 per cent.

But non-textile products, which make up the remaining 53.5 per cent of Japan- ese exports, are of growing importance, especially in a period when Britain herself is hoping to earn more abroad by sales of engineering and other non-textile goods.

In one or two light industries, notably pottery manufacture, loading British manufacturers are far from complacent about the prospect of increasing com- petition from Japan.

locomotives

and engineering equipment orc equal to the modern need for first-class de- sign and inlah, performance and durability, and exactness to specification.

But the predominanga of tex-| vinced that Japanese steel, ships, tiles in Japan's pro-war export trade and the knowledge that,

the outside

light Industries, Japan has production difficulties affecting

and both quantity quality of output, lead many to discount the British Arms possibility of

Japan becoming serious rival in engintering and precision

Foods. Even the most knowledgeable of traders, with long experience of trade with Asia and the Far East, tend to regard Japan as a manufacturor of cheap trinkets and useless trash.

This view s popular and

Opposed By British comforting, but the facts, statis-

Businessmen

London.

10

"play

tically and otherwise, are less encouraging.

But the drive for export will stimulate both sales efforts and production efficiency to match.

New markets have ppened in South-East Asia, where Indus- trialisation la creating a demand materials and equipment which the West, preoccupied with rearmament and its own reconstruction and modernise- tion, cannot fully satisfy,

for

A STIMULUS

Apart from the national need for exports of all kinds, there is the stimulus that limitation of capital cramps development and rationalisations of home indus-

thus tries, and

limits home trade.

Subsidy For Jap Yards?

Tokyo.

ROYAL INTEROCEAN LINES

“MARTBUYCKEN":

IWANE *RUVA" "THPONDOK"

“TZIJĄDANE"

Ney

Nov. Nov.

Νον. - 14

Jipan

10

Djakarta, Semarang

*TIPANAB" "STRAAT

MALAKEA

**SILUWAI

"TASSIAN" "TJPANAS"

"TEGELDERO"

"STRAAT 80ENDA"

“TIITJALENGKA” - **TIILUWAIT”

*TIKAMPEE"

Nov 11 Nov. 11

Atacar

Semating,

Aurábala

A

selman--Jeli – Bingapore, - kajakaria, TINUENIE, BO ATEITA & 8. "America

Ktánia. Bajawan" "Dei, ""Singapor E. [Africa # .8. America, Singapore, CSÍKAZEM,"

W. Buradata & KINERJAT

Japan

Djakarta,

Nicarag

Begar.

Semarang. "Aurabątą į..

Siphor. Djekajta: - Somayang.

Gurabola & Dinfangar

Singapore, Penang & Belawan eu

Bemarang, Sura Djakarta

Magnar

Manila, inapore ANTIA, Maupitiys, S. Africa'&i 8. America Mankia, Blugapore & 8. Afrirá

· Japan

MIOKADOTE, Djakarta, Semarang,

Bycabala "Macopiar Djakarta,

Kemareng.

"TEGELBERO" "VAN ÜBUTSZ"

Nov.

Nov. 20

16

Nov.

"TJIWANGI"

iter.

1

Bec. Der

19

Ilec.

Doc. 10

Dec. 12 Bec. I

Dec. 29

Burabaix

Mápasyar

Doc.

Japan

D

Kingapore,

Burabkia" "Macaríar

"RUYS"

JAS.

D

"VAN HEUT9Z"

Jan.

10

"TJILUWAR**

Jan.

10

Singapore.

*THNANTIET

10

Japan

"STRAAT

MAKAŞSARTM Feb. "TJIWANGI"

·PTITTJALENGKA”

Japan

Febr

Feb. 9

Feb,

Bingapore,

"DOT#SEVAIN”” "TJIWANGI"

Plans to assist the Japan-TIMENTENG" cse shipbuilding industry by means of subsidies totalling £2,500,000 are being con sidered by the Japanese Ministries of Transport and Finance.

Half of the funds allocated will be appropriated for the remainder of the present financial year and the other: 80 percent will be carried over to the 1958

ear.

financial and

on

The £2,000,000 is based the assumption that Japan will Some branches of Japan's build 220,000 tons of shipping engineering industries were so this financial year, of which weak in the 1980's that

110,000 tons will be occan-going they

shipping. For the next Anancial

were unnoticed in the West.

As this trade is developed, Japanese firms will increase and improve their output on export In the last five years the pro-account and estabilah goodwill. Industrial leaders would like portion of texilies in Japan's export trade has fallen steadily, the Government to appeal

and that of non-textile products countries especially other

the table has increased, as Western Germany-10

shows. fair" in export markets.

Many

of the acknowledged British exporters who have re- "easy" exports of Japan are not itemised in the table, but are cently been losing orders

Included in the miscellaneous customers to foreign rivals have complained that their competi-exports, though it will be seen tors are offered special tax re- that they do not account for the bates, export bonuses and "free advance which has been made dollars"

to In non-textile exports. as an inducement expand their overseas markels.

NOT CORRECT In the seramble for dollars,

and

more Governments Japan still makes with great

such bonus adopting

and fancy goods which give the The British Government,

heavy industrialist a feeling of has been suggested, should use safety. the current meeting of G.A.T.T. "No one who has walked along countries at Geneva to protest the Ginza (which is like Pettl against these schemes and to coat Laine transferred to Oxford

that they

and metal Industries. all be dropped Street) and seen the cigarette nan-dollar countries. find lighters, fibre suitcases, working themselves cutting one another's model ships, penknives, dolla throats in a futile trade war for fountain pens, cameras, fans and articles can hundred other dollar markets.

The alternative would be for doubt that in this type of manu Britain to follow the example facturo Japan can offer cheap

and live and attractive souvenirs. France

The prevalent Idea that

more

are

systems.

urge

of an countries

it

and

skill many of the cheap toys "Manchurian Incident" sing the £1,160,700 carried over

the

other to allow exporters, for example, world's markets are today, in

to keep back a part of their the to

hard

currency earnings to spend

as they please.

age. All such schcres

or

For many engineering pro-year the Transport Ministry has ducts Jopan had to rely on arranged for the construction of some 400,000 tons of shipping,

from this financial year and for an additional £3,571,400 for steel subsidies in the 1953-64 Budget.

of 1881 put Industry on a warnsleing footing. The demand for equip ment increased, and there was a concerted drives to expand and modernise the machinery

of

Full scrio production munitions during the Pacific War was developed with lavish Governinent help.

The collapse In 1845 left these industries on very shaky lege and without benevolent

crutches.

SUPPLIES FOR KOREA pre-war, too dis- buy Jarge quan- of these trifles is uncon-

But economic

recovery

at

dor special tax rates confirmed in the bazaars of Asia home, revival of export de- cessions to exporters have, how-end the East, and buyers can be mand, and especially the sud- den demand for Korean sup- ever, been totally rejected by found also in the West.

Nor is it correct to assume plies, goon enpouraged industrial opinion in Britain.

that this range of light indus-gineering firms,

now they are trial products is uniformly

ferior quality low quality,

old

countries

of

en- even

The main dificulty facing the shipbuilding industry at present is the high cost in Japan of steel. Heavy steel plates are reported to cost as much as £40 a ton, as against an equivalent cost of £30 d ton for the same quality in Europe.

To equalise the cost in price, it had been expected that the Government would subsidise shipbuilders. However, only special grade steels have been made applicable to subsidy, and

going vessel. this grant applies only to clean-

1

HIGH INTEBEST Japanese shipbuilders are also ky in faced with the further dificulty of the high Interest rate to bo pald on loans. Pending legisla- would ease this burden by

In the last year of tive thengsubsidising interest, payments in

has been more and more

NO' PROPOSALS Some months ago the Govern- ment informed business and

GREATER PRECISION industrial organisations private ly that it would consider sym- pathetically any

That Japan is now capable of of Japanese goods, from bleyèles part, and indemnifying Bnancial export bonus schemes they might propose greater precision in manufacture and whisky to crockery and institutions for losses on ship

***penetrating bufiding louns... As with the which were thought to be work- is clear even from the smallest rubber heels

subsidy on steel plates, Govern Insignificant foreign markets, including ment grants In connection with and apparently bic. No scheme has been pro-

articles.

casionally even the difficult lower interest rates would apply posed and, it is understood, You may on the Ginza buy a United States market. none will be.

"would be univise to as only to ocean-going ships, The main

objection to schemes cigarette lighter of fob size, little

It is estimated that this have longer than a postage stamp, sume that these exports ore which other found 10 have worked well in which will work, though obvious isolated examples of Japanese subsidy would be about 4 per

succes

cent, Applicable to the unpaid some cases and to have reapety its fuel supply lasts no longer

than a cocktail party. rich harvest of dollars is that

Allowance must be made for portions of the loans, and the The larger lighters, scarcely Japon's econginic difficulties

Bnancial institutions concerned they would be unfair. The

from Ronsons, and their effect an industrial would be guaranteed an in- most common scheme practised distingull made, in one form or oth

qutput, but with the former other

Gre equally by France,

mited It

that large Italy and Austria, as well as

photographic and Asia cut off,-markets must be Western Germany, gives a tax Japanese rebate

elsewhere for any and to the exporter. It is optical equipment is equal to any found

the world, and perhaps every type of product. The objected here that this would be in

Financial Times. unfair on other businesses-for superior to that of Germany. example, on the manufacturer But output and exports of motor instruments or acces- heavier equipment and materials

a

Crews Of

New

US

Immigration Act

15 now

SHIPPING INDUSTRY WORRIED series, who contributes to ex- are increasing.

New York, Oct. 28.

The American shipping industry is worried about how new immigration regulations will affect foreign crewmen who sail aboard United States merchant vessels.

A specip! 12-man committee, representing tanker, dry cargo and passenger ship operators, has been making a study of the McCarran-Walter Immigration Act that takes effect on December 24.

When enforcement of new This committee has the ob- Jective of recommending to the regulations begins on Dor. 24, Government, at bearings in owners have been informed that Washington, amendments to the they,

be

BREATHING SPACE

The quality of much of this output is below Western levels, and costs are high because in many factories production per

and

markels in North-East 30 percent of the

U.S. Money In Circulation

At the outset, It is estimated that this financial subsidy would cost about £90,000 for the cur rent financial year, rising to about £1,500,000 in 1953.

While the Government have

developing plans

the shipbuilders have orders for larger vessels, and have been making

bees

rive

nese.

in changing from

tri

****

Manila,

**Djakarin, Bemarang.

RINGAPORE

Djakarja,

Mauritius, 8. Africa & 8. America

Angapore, de 8. Africa'

Dakarta

Murabala di "Maganjar.

4

Semarang,

Bemarang

Djakarta.

Burabala & Macassar

Singapore, Djakarta. Maurilus,

8. Africa & 8. America Manija, Singapore & 3. Afrien

ARRIVAL B

From

Burabain.

Njakarta & Singapore

9. Alica, Mauritius,

Mana

"ŢIIWANGI"

"RUYE"

"THISADANE"

Fork

басаякат

Nov.

9. "America.

Bingapore

NoY.

Japan

STIIPONDOK"

Nov.

0

Japan

Semaran

TEL. 28015/18,

KING'S BUILDING, Ground Floor.

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

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT. SAILINGS

MS. "LEXA MAERSK"

MS.

"LAURA MAERSK”

M.S.

"LEISE MAERSK”

ARRIVALS FROM U.S.A.

M.S. "LEISE MAERSK"

MS. "GRETE MAERSK"

M.S. "JEPPESEN MAERSK"

Nov. 2 Nov. 16 Dec:

2

Oct. 81

Νον. 19

Nov. 28

For Freight and Further Particulare please apply to:-

1.

AGENTS:

JEBSEN & CO.

Pedder. Building.

1

Tel. Nos. 36066-9.

Dator and rotation jübject to change without notice.

At liberty to proceed via other porte to load/flycharge palko.

Discrimination In

Taxes

Alleged

Havana, Oet. 28,

The American Chamber of Commerce says a proposed new tax suggested by President Fulgencio Batista's Cabinet is clearly very discriminatory against U.S. firms.

Normally, the Chamber is ex- tremely chary of commenting to electric welding publicly on Cuban internal Washington, Oct. 20. · shipyard work. Assembly plants affairs. But this week it spoke Money in circulation in the for welding are being installed, and heavier cranes are being U., decreased by $106,000,000 and

22, Federal Reserve Board reported. Board's statement:

sections. placed

far

and

Following is the

text of the WAN IWS Plant Fitting-out

considered as insufficient,

out.

Α

Gloomy Picture

Rome, Oct. 20.

port trade without actually tak- ing part in it. A general lower- ing of industrial taxation, it is felt, would be fairer and more satisfacto UNSUITABLE

all round. The "free dollar" type of scheme is opposed with equal man-hour is lower than in the

The statement, In the form of firmness. Industrialists accept West, raw materials are dear,

a telegram to Marino Lopez Orders have

Blanco, Minister of the Trea the oficial argument, that, al- and pane is often ten or da, the the week ended October erected to handle profabricated automatic welding though it may be worked suc- twenty years old.

Bury, we made public.

A gloomy pleture of prospects cessfully by countries

equipment to which Japan was for nearly ten years

for the Italian textile industry welding works and - In addition to its glecrimina- is drawn by the Barco Di aro-like Germany-expanding cut off from technical their

export trade, it would scientific developments in the

"During the week ended Oct.

tory nature, the Chamber said, Noma's bi-monthly review of are being extended and not do for Britain. Here, it is rest of the world and it will be

22, member bank reserves in-

the proposed law would raise Italian economie conditions. thought, it would only increase a hard and tong task bringing

taxes of foreign firms doing The general opinion among to creased 8108,000,000. The prin- floating docks installed to sup- the dollar gap-since on top of her heavy industries up to cipal changes supplying reserves.plement repair facilities now business in Cuba in many cases experts is that we shall have: essential dollar imports would Western standards.

were an increase of $842,000,000

to a minimum of 60 per cent. to resign ourselves, to a reduc be added the free dollars spent

This factor allows the West in Reserye Bank credit and a

The law watts sponsored and flon in the percentage of our by export enterprises. Such a

But against it

Cabinet, and textile production sold abroad," фестелбе of $100,000,000

approved by the

to tho Consultative the review said. scheme would also go

the must be set the enthusiasm of decr

offsetting changes

Assembly for further study. "Limiting our considerations engemess of the Americans to increages

to the near future, we may say Iri of $400,000,000 which the Malayan rubber teach them the latest methods.

The Assembly, created by that if the export crisis con Treasury deposits with Federal

Col. Batista when he seized the tinues there will obviously be compiled Reserve Banks and $80,000,000 Attorral will bp subject | planter is allowed.go

freedom in dollar spending than of Japanese companies in the in other deposits with Federal

Long lists could be

Goverment, in a revolution and a shrinkage of output in view anyone else.The Observer.

engineering, electrical, chemical, neserve Banks.

suspended Congress, magnested of the far from inexhaustible Operators sald

legislation. But only the Cabinet capacity of absorption of itself can pass towa in Cuba home

and the h market. now, under the Batista regime, cost of material..

period of working long "The tax measure was do- for stockpiling is obviously out signed to ruilen funds for- of the question," It concluded Christmas bonus to Government Associated Press. employees, soldiers, sailors

of

will themselves, law and other steps that might responsible for repatriating any be taken to avoid problems of foreign seaman suspected

hardship which soon subversive actlyltjes. personal may be shared by

The Act further provides that owners and crewmen alike.

Immigration laws, particularly any operator discharging any affecting sea commerce, are be-allen scaman in an ing lightened.

port

American the consent of the

Congress found this advisable

to a

a $1,000 fine that if "allen La view of the many hundretis of craw members of foreign ships who have gained illegal scamen are kept aboard ship as -entry into this country since crewmen after the ship touches an American port, they will faço World War II.

with the Maritima The regulations also were de-trouble signed to keep out aliens who Unions.

Because sailing schedules have Nazi, Fascist or Commun

might not allow time to securo ist backgrounds.

But, in shipping, the problems discharge permission from the are many. It had been

com-

Attorney-General, such seamen

mon practice for foreign callers probably would have to be kept

to be signed aboard American- aboard as passengers, at cpm- nay vessels in overseas ports at pany expense-Associated Press, times, when vacancies in their crews accur

A big problem is: What will

happen to such seamon when the

at American ports?

Business Failuros

New York, Oct, 28.

U. S commercial and In

the

basic principle onst breathing space.

in

Sterling Area's dollar pool, by the Japanese to learn and the money in circulation The ' Chile Whort

PETROLEUM OUTPUT

more

industries which rubber

And oil ind have concluded technological

with

Of Nitrate

Amerland companies, mainly suited from increases of $958,- | mitrato fertiliser producers, l

J

CCT

1

"The increase of $542,000,000

Santiago, Oct. 28, Chile, one of the world's major assistance and capital agreements in Reserve Bank credit re-

000,000 in

in loans discounts and having trouble finding enough With and without foreign advances; and $183,000,000 i nitrate to cover her own needs,

Holding of 17.5. Govern

A Deputy of the Agrarian Chilean Daily average gross crude oil help, both textile in the United States increased strenuous efforts to improve tho frease of $5,000,000 in blija and a ¦ farmers are unable to get enough and paliepen. Tho Chamber a and lease condensate production textile industries are making grease or sido elected an In-Labour Party sald 10,400 barrels in the week ended, quality and finish of goods for decrease of $5,000,000 In cert!- nitrate for Spring fertilizing, and pointedly commented that, the U.S. Contract Awards

with

Now York, Oct. 20.

and

non-

Acate"Associated Press.

раб

New York; Oct. 20, U.S. heavy construction; con-

that Chille'a' agricultural produc-banus has been

paid for the Hon will fall at least 10 per cent

nast several years; côn uniors something is done soon.

The sections of the projected Santiago Urcelay Deputy for law which drew the fre of tract awards reported in the pass American Businessmen are week dipped to $200,335,000 or Talga, I seeking the Chamber of Deputies to investiguin the these imposing In addition to 18 per cent under the average other taxes, a levy of 36 per works, to a date ** this *** your. cent on gross income of non-Engineering News-Recort and

foreign corporations, ca The Construction Dally said,

sor: interest -,"

The total compared with from Cuban investments 9, and on a $330,207,000 the previous voor similar fax on Cuban, amings and: $189,111,000 in the corres „finórisresidant Individualnie ponding work-lant", yürüt. la srociated Press,

Associated Press,

6,363,200 barrels a pared

LESSON LEARNED Oct. 18, totalling 0,527,500 com- export.

Food Prices Down year ago, the American Petroleum

have Institute

said.

Japanese companies Reports trom refining co

com- learnt the lesson that if the New York, OF Lo: panles indicate that the industry customers to place adequato US wholemid food

a whole operated at 94.1 per repeat orders he must be satis declined at with and were at matter. has been for a dustrial failures dipped to 180 cent of potential.

flod with the quality of goods of the lowest average level since Although he did not elaborate, Finished and unanised petrol all kinds, from delicate china 10 ho: Dun, and Bradstreet new porn pident pay the in the week ended: October 10

whole to the Increasing exporta of pariage home of its foreign sea- from 147, in the proceding stocks totalled 322,002,000 bars beavy machinery...

be icsson

sale food index "At $134. the pitrato: toyilliper," which are re. Applying this men, ofter 20 days pahare they weds, Dun and Bradstreet rerela compared with 120,910,000

od vidi: 16,3n the ineving the product : from the

Associatată. are unable to secure another ported. This compared with barrels as of the previous week, pimeuls, because of technical index comparód: berily on on outbound foreign 167 in the similar weck a year and 121,400,000 barrola 9, your shortcoming and because; eus previous week and 33.68.9 year domestic market.

agoAssociated Press,

tomers often cannot be con- ago.-Associated Proms ir

ago.

Frozz.