1952-11-04 — Page 9

MESSAGERIES M

"PEI BO"

THE CHINA MAIL, TUESDAY, NOVEMBER 4, 1952.

MARITIMES DECLINE IN UK EXPORTS

Leaving

Ariting

Nov. 18

Nos. 1

*"FELIX ROUSSEL" ....tu Part

FALAISE"

..Nov. 3

Jec.

4

Nov. 3 Nov. Nov. 20

Dec.

"BAINT MARCOUP" ... Nov. 10

"PEI HO

For passenger and freight.

M

Outward for

Jana

fametrard P

Marsellies yla Salcon

N. Afrița a Europa N, Altica a Europe H. Atrien à Europe

t. For freight to Saigon, Algiers, Oran, Tangier, Casablanca,

Havre, Dunkirk, Antwerp & Rotterdam,

• Accepting cargo:

-via Marseilles to all Mediterranean & West Africa Ports.

via Djibouti to Madagascar.

Subject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES

P.O. Box 58, Hongkong

Queen's Building (gr. floor)

EVERETTE

Tel. 26651 (8 lines).

LINES

EVERETT ORIENT LINE Fast cargo and passengers service refrigeration space available for Korea, Japan, Philippines, Indo-China, Slam, Malaya, Burma and East Coast Indian Ports.

"BRADEVERETT”

In Port

Sails

Loading

Nov. for

"REBEVERETT"

Arrives Sajla

Itangoon

Singapore,

&

Penong, Calcutta.

Nov. 10 from 'Singapore.

Nov. 11 for Kobe Osaka, Yokohama

Nagoya,

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

EVERETT STAR LINE

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

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

Loading Sails

Nov.

5

Nov. 6 for Singapore, Bangkok, Colombo, Cochin, Khurram- shahr, Basrah & Bahrein.

M.S. "NORDSTJERNAN”

Arrives Sails

Nov, 19 from Japan. Nov. 20 for Singapore, Port Swellen-

Madras, ham,

Colombo, Bombay, Karachi, Kharram- shahr, 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.

For

Japanese Bid

Admission To

Tariff Agreement

..

London, Oct. 29.

It may be nearly two years before Japan becomes a member of GATT.

The special committee established to consider the commercial implications of Japan's application has held only one meeting and is unlikely to continue its work until after the present full session of GATT ends-probably about the middle of next month.

But, according to the Foreign | America in a more cautious ap- Editor of the Financial Times, proach.

There is a lesson in this for the opinion is gaining ground

Commonwealth - economic that before allowing Japan into the

leading article.

GATT it will be necessary to conference, says the Financial conduct another major round of Times In multilateral tariff negotiations.

In matters of commercial

The dimculty, he paints out, polley each country is

Those

acutely

Disturbing Factor In British Economic Situation

Highest In Over Tourniquet Being

A Year

Detroit, Nov. 9.

#

The nation's ese, planta are biting the highest pro- duction level in nearly a

but- year and shortages of frames and other components threaten to bring a slowing down,

Reporting this, "Ward's Automotive "Reports this week's estimates assemblies at 110,488 cars trucks and and 27,589 against 107,129 cars and 28,011 trucks lari week, the same week last year 89,433

and 22492

bullt- were

trucks

caks

Associated Presa.

Cheaper To Deal Direct

Applied To International Trade

(By Norman Crump)

ROYAL

“TJÍÍADÄNK**

"TEIPANAI" "STRAAT

MALAKKA

"THLUWAI

TEGELBERG“ “VAN BEUTSZ"

"TJIWANGI"

TASMAN"

JIPANAM-

"TRGELDENG"

Page

INTEROCEAN LINES

"NOT" 10:

NOY,

*Nov.

13

ཊྛ ཎྜ ྃ -""

Hefkwan" MAD, Ningapore, bjakārta, Mauritius, B. Africa & 8. América Japan

Mahdia, Bingapore, B. di R., Alcion, &

1. Ameries STA

singapore, 1 philketa

Jabka

Koniarska.

1jakaitu. Bemajaký; ' Burukata |

Nov. 18

NOT. RE

Nov.

Dec.

DIC.

Dec.

Dec.

Manila,

·BIDEAPON,

During the past week I have been in Cardiff, Newport, Birmingham maat COENDA" Die.

and Sheffield.

These cities are showing a fair degree of activity, and indeed Sheffield steel-makers have had a record year. But a disturbing factor is the fall in our exports..

The import restrictions which our own Government initiated, nearly a year ago are necessary as a first-aid measure. `-

But other countries-notably If there should be “a misfit,"

is always Australia-are doing the same, the Shefeld maker and the result is that a tourni- ready to send out a representa- quet is being applied to interna- tive to discuss the difficulty and tional trade. However necessary put it right. One result

is

other the United

a tourniquet may be in an very valuable export trade;

among emergency, it cannot be left on which,

many Is the danger markets, embraces for long. That today.

States.

One

sces evidence of this danger in the ships told up at Newport. In Birmingham, while It would be wrong to say that there is serious unemployment

"

ONLY COURSE

Obviously no Government could do this Department personal work. Nor could the

11.

Japanese Business

Trend

No Expectation_Of

in the Midlands, I received the proposed Steel Board do | Early Improvement

impression that it is easier to. obtain labour than it was a year or even six months ago. Shefeld one of the

In

chief

Warning To London complaints of cutlers is the loss of foreign markets through Stock Exchange import restrictions overseas.

the strain.

The Board is bound to be over- weighted by the big steel firms, which are

Tokyo, Nov. 3. now nationalised. ww

Senior experts of the Econo- These firms muke which can best be compared to of an early Improvement in mild steel, mie Council ace little prospect whi suits "off the "They can-Japan's business trend,

So

POK

1

Mr Ikeda, who concurrently heads the Ministry of Inter- Industry, national Trade and had earlier said that it was un-

not begin to understand the in- dividual

business of Sheffield This view. however, No manufacturer wants makers of special steel.

different from that of the London, Oct. 29.

These firms are also alive to former. Fioonce Minister, government help of the kind that The day may be

phis German competitors received the danger of renationalisation Hayato Ikeds, who now heads proaching when British in- before the war. But the under future Socialist Govern- the Council,

far,

have they vestors in Empire shares Government could do something ment.

But A rigid

escaped.

once they are will find it cheaper to deal to case

system of export quolos muy | brought under a semi-officin! direct with the local stock have been justidable so long as Steel Board, they will be hard markets, writes Ernest we enjoyed a world-wide sellers' put to it to escope a future

wise to worry about the current Eve, Financial Editor of the market. It is less justifiable now measure of renationalisation. The only safe course is for

business trend, petive or

a trend London Evening Standard, that the seller is beginning to

call the tune-and now that we Government to leave these firms active, because such

would not last long. today.

by selling to outside the scope of the pro- Can tarn gold

In saying Officials of the Council, taking Europe almost us caally as by posed Steel Board.

the dollar areas. this, I pot convinced that I am opposite views, believed that selling to Much greater freedom should be expressing the opinions of those Mr Ikeda made the statement

to exporters to seit engaged in one of the given

most beenure of political considera- valuable export trades of the tions. $ wherever they can.

country.

"Members of the Council of the London Stock Exchange, who forcing through are now busy

for raising com- their scheme mission charges. would do well to study a new handbook of stocks and shares quoted on the Rhodesian. Stock Exchange at Bulawayo," he says.

011

new

charges

London illuminating.

"Only on shares at less than 1s. d. is commission lower in London than in Bulawayo-ed against. d. From 2s. 6d to in step, but Bs. It is roughly above that price the London charges outstrip their Rhodesian by 25 to 50 per counterparts cent,

:

CARDIFF'S TRADE

03

have

--HONGKONG

SHARE MARKET

the

(From Our Correspondent)

Business done on the Stock, Exchange this morning totalled $427,559. Noon prices and the morning's transactions:-

In Cardiff I found a feeling that the South Wales ports were "Set out there are the charges not getting their fair share of which the share buyer has to pay the nation's trade. In fact they the Bulawayo Exchange.are the victims of a general

They Comparison with the proposed misapprehension.

is been regarded as ports simply for

the

of coal. This was shipment

true, for they never entirely were always equipped to handle well as coal. general vargo. In many docks you will see the coal hoists on one quay, and the transit sheds on the other, with ample space for vessels to load from both sides simultaneously. Undoubtedly conl was the ITS OWN FAULT

foundation of the South Wales "On shares priced at, say 65s, ports' former prosperity, and a the London commiston would be revival of their pre-war coal Od;-in-Rhodesla-it-is-4 d. For export trade holds out their best Government and

municipal | hope. But could not something stocks, Rhodeslan brokers charge eise be done as well?

the 4 per cent on

money One difficulty is that, in the London brokers are past, competition between port to charge per cent. and port and railway and rail- notes in Rhodesia way led to the growth of special "Contruct

38

Londonentes and conditions for ship. DOCKS, ETC. stamp; minimum is 84, rising with the ments from the Midlands to, say,

Rhodesian London involved.

or Liverpool. South stamp duty on transfers is only Wales did not join in this com- 1d per £10 nominal value-10d petition, for in those days she £100. The unfortunate was thinking mainly in terms of Briton pays £2 per £100. coal shipments. Today, how-LAND,

" can foresee the

the day when

over, she is seeking to be put on British investors Rhodesian

in

an equality, and other Empire shares will find It cheaper to deal direct with the And local stock

markets. London will only have Itself to blame for turning sway the business."

omount

per

ECONOMIC TALKS IN TAIPEI

+

NO EASY SOLUTION

is no

SHARES BUYERS SELLERS SALES BANKS

ZEK Bank... --1430- 5.0-1620 Bart Aals INSURANCES

Canton Udon ****** UnderwrKETB SHIPPING

Asia_Nav_ ..

Whart

N. P. Wharf Dock: Provident

S'hal Dock

160

781 30 2 785

1.40

DO 93

ទ

Wheelock... 40% 4915

ETC. Hotel Land fo Land (N) S'bal Land Humphreys Realty

UTILATES

Tram ....

50 @ 2

2888

1.7.1916 2.173; 20000 2.18 3000239

20.10 20.40 300 @ 20.20 F. Tram (0) 31%

(N) 15.00 Light (0) 9.00 0.78 C. Light

Telephone

200

23.102 ..17.30 17.50

3.60

12.70

19.30

25.80

25 1000 17.00

100 1940 10.50 20 2000 25.70

There

easy solution. But the 1847 Transport Act fald down that 1 new charges scheme had to be produced, and have seen a promise that, in framing

.Electric this scheme, there would be equality of treatment as re-

Tel. (116) gards charges for traffic to end

INDUSTRIALS from all ports in the country.

South

Chemerit Wales This is all that Sou

Hope wants. The new Transport Bill

Dairy alms at, giving the railways

Wafron greater freedom over fixing their chargea. This may give an opportunity for that promise to CUTTONS be Implemented. Talpei, Nov. 3.

Ewo When one sees the Idle coal MISCELLANEOUS

Int.. i hoists, it is dimcult to help feeling that the real hopes of the le in the South Wales parta revival of

their

export cual

Overstas-Chinese délogates, Nationalist businessmen

trade.

in

govern-

and no more.

and oMetals

held lengthy ferences on Sunday and today to discuss questions pertaining is that many of the thousands of aware of the sensitive spots on

to the government's economic tariff concesalons agreed by its own skin to the exclusion of

policy and trade controis. sensation.

Sill, I would like to dispel the 1947 onwards almost every other members from

Hongkong businessinen, direct bearing on

general misapprehension, that the This has a reconsidered would have to be

particular criticised the probable the question of Imperial Pre- in the light of effects of Japanese low-cost ference which will be one of the ment red tape in preventing South Wales ports are coal ports

discussion competition.

main issues for "Whether the GATT will be the conference.

who urge a mass re- willing

to incur the considerable

special signation of the Commonwealth expense involved in a

GÅTT, the paper adds, from session of multilateral negotia- tions to deal with Japan, or will should ask themselves how big that Britain would walt until early 1934 when the is the price next regular conference of this be expected to pay the rest of uncertain," the Commonwealth to compon- type is due is still

sale it for the loss of the very he writes.

"But there seems to be little considerable benefits it now de-

cives

from GATT membership. Issue that the

of Japanese accession will in fact The foren displayed at the pre- be settled, as Japan hos asked, sent GATT conference certainly by the time the eighth session suggests that it would not be of the GATT is held next year." cheap.

CONFLICTING VIEWS

.20

200 G 23.00

3300 € 26.00 700 25.90

6000 m .38

Steel Output

In U.S.

New York, Nov. 3. at smooth transidr of Hongkong

The American Iron and Steel Industries to Talwan,

STEEL BILL CRITICISM

Institute estimated this week's Modification of existing

Many Sheffield manufacturers steel production in the U.S. at foreign exchange regulations was urged, by these business of special steels are gravely per- 2.100,000 net tons of ingots and aspect of the institute estimated the turbed over one men.

nation's steel mills would Overseas - Chinese delegates Government's proposals for the directed their attacks on the denationalisation of the iron and operate at 105.9 per cent of Central Trust monopoly which, steel industry.

rated caphelty. The crux is that, not content they charged, was detrimental to

The previous week, the mills denationalising those firms with oversens trade relations.

rated capacity and set a record The Antings at the confer now under the Iron and Sicelerated at 100.9 per cent of

the Corporation,

Government production of 2,221,000 tons. ences will be submitted to the main conforeńce which "wUI proposes -to revive the Steel

A month ago the figures were make the final decisions on Board, and to bring within its 105.7 por cont and 2,105,000 overseas trade and economie ambit those firms on the fringe tons--dissociated Press. developments, France-Presse of the industry which

cscaped

There are conflicting vlows JAPANESE BONDS

within the

British Common-

wealth over Japan's "applica~ |Japanese bonda

tion to GATT.

London, Nov. 3.

Tung Oil In NY

85

. 12.

"A" (48. of 1899) .... (48. of: 1010); "C" (4 of

・g this, of lifes

The Asian members-India, Pakistan and Ceylon-favoured the, appliétition Belby approved with the least possible delay, while. Britain and certain Consola European countries sided with

Exchange Rates

-- Tulsand way done in the local

Dationalisation

The

of

mahy of the

firms may almost be de- |scribed" na": personal gam

tool-maker overseas riends New York, Noy, S Prices in the peeds wnd barkonlar” kind” öl1 stġel, he unofficial

with the Sheffield the following exception. Tung maker, indi hik Order is ruiniled 1495 oll, in tank cars, FO.B. New. virtually in the same

York, por lb. 3734 cents-United when i one buýnhàsult to 60%

Press

'messure, me

**E" (69, of 1030)

Ualted Press.

market closed, unchlinged" "with

A

wayne

They said that the Yoshida Government will take no drastic stops and thus Japan's economy Es destined to be influenced by international economic con- ditions.

be

“NITIALENGKA"

JLUWAR*

*SEJIKAMPER"

"BOISSEVAIN"

TJIMENTENO" “TJIWANGTM

"TJIBODAS"

Dec.

Dec. 14

Dec. 20 Dec. 23

Dr. 18 Dec. J] J522

Burabala I Macassar Singapore, Penang & Betawan Deli Bjakneth Bimarang, Berábata

Djakarta,

MAULI, 5. Afries à 2. America Manila, Blagapore & 1. Atri Japan

Singapore. Djakarta.

Burabkia MKÖREIST

Japan

· Djakarta.......

Bimarang.

“domiłaby, Surabulų d

DISCREET

Singapore,

Paksita. Bemarki,

** Burasain & kiseksiur

tijākaris

MacasAr

Semarang.

Burkbaka

Aahtia. Singapore, Djakarta,

Ataurita, 6. AUTA & S. America

Kingapore, K. & H. Årsfes

Jan. 7

"KUYS"

Jah

“VAN HEUT32". "TJLUWAZ”

#

Jah. 10 JAS. F#

Bingapore, Djakarta,

Surabats & Macamay

STJIDANTVIT”

"THWANGI"

Feb.

I

Bingapore, Hjallerdi

MAKAIBAR"

Feb.

ง

STJITJALENGKA”

Feb.

nb.

11

+

"STRAAT

"TJIMENTENO"

Semarang,

Burabain & áfackesar

Kingapore, DJakarta

8. 'Africa @" B. Ambrick Muhlis, Mingiperé & 8. Africa

ARRIVALS

Nov, P

Japka

Nov. 9

Заран

"RJISADANB** "TJIPONDOK" OTJYLUWAII"

R09, 12

"ETRAAT

MALAKKA”

Not, 34

Frota

Machir,

Burakala,

Bemarang,

Zupan

KING'S BUILDING, Ground Floor.

TEL. 28015/15.

CHINESE AGENTS: 12 CONNAUGHT RD, C. TELS. 31100, 25133

MAERSK LINE

FÁST FORTNIGHTLY SERVICE TOL

NEW YORK, BOSTON, BALTIMORE, & PHILADELFIA vis SAN FRANCISCO, LOS ANGELES AND PANAMA

NEXT SAILINGS

*M.S. "LAURA MAENSK

M.S.

M.S.

"LEISE MAERSK” "GRETE MAERSK"

* Calling Vancouver

M.S. "GRETE MAERSK”

M.S. "JEPPESEN MAERSK”

to

M.S. "OLGA MAERSK” .

The officials, the bulk of the Japan's senior, coonomie experts, pointed ou, that the dwindling trend in the world oconomy wil

accentuated in 1953.

They added, however, that the new United" States Pre- sident will do something remedy this situation but its to be felt effects will begin

only in 1954.

This view is shared by visit- ing members of the World Bank, France-Presse.

The Rubber

Markets

Prices

Singapore, Nov. 3.

futures of rubber closed today as follows:-- Number 1 rubber, per lb.

December

January

Tebruary

7736-34

7734-42

Number 2 rubber, December 124% Number a rubber, December

Number & rubber, December

pot rubber, unbaled

Blankel crepe

No

pals crepe

100-103

United Press.

LONDON MARKET

London, Nov. 3. The rubber futures market was inactive. Prices closed today as follows: --- Number 1 rubber, in pence

per b

Decathber

January/March April/June July/Septeraber

United Press.

LONDON TIN MARKET

London, Nov. 3.

Tantiover was 45 tons including 15 tons for cash Prizes closed at the end of the official morning reaton as Kolos

The tin market steadied today.

256 000

Spot tin, buyer Spot in, sellers Business done at ******* 956-05}} free-montha tin, buyers 100, Three-months sin, weilera oto Business done at Settlement

isUnited æTTIL

CARLOADING IN AMERICA

Washington, Nov. 3. The soft coal strike last week cut US railroad freight car- loadings by more than nine pèr cent, the Asociation of Amber1- can Rellroads reported.

Loadings for the work ended

Oct. 25 amounted to. 700,741

exchang market? Chin, cârn. This was 77,056 -cars or

US dolar (per 31) morning at the dodotting Canoe Sam

啦

sering note (per £15. Indonesian gulidere (per 1003

A

23.70

Blam Alexis Apar 100)). singapore, (humilk)

| PIC" plastres" (per

*per cent below, the, previous

week and 104,069 curs or 12

per cent below the correspond- ing week in 1951 Associated Press

ARRIVALS FROM U.S.A.

Nov. 16

Deč, Dec. 16

2

Nov. 19

*Nov. 28

Dec. 16

For Freight and Further Particulars please apply toi-

AGENTS:

JEBSEN

Pedder Building.

& CO.

· Tel. Nos, 86066-9.

Dales and rotation subject to change withoát bollen.

At Ujarty to proceed via other ports to load/discharge carro,

M.V. "FELIX ROUSSEL"

will sail for MARSEILLES

vin

MANILA, SAIGON, SINGAPORE, COLOMBO, DJIBOUTI, SUEZ & PORT SAID

on

Wednesday, November 5th 1952 at 10 p.m.

Passengers are requested to board the vessel with their cabin, baggage on the 5th November · between

and 9 p.m.

Baggage room and hold baggage will be registered at the Kowloon Godown No: 50 (No. 2 Gate, Canton Road Entrance) on the 4th November/from 10 am, to Noon and from 2 to 5 pm, and on the 5th November from 10 a.m. to Noon only.

No baggage will be registered after that time.

COMPAGNIE DES MESSAGERIES MARITIMES

Queen's Building.

Tel: 26651 (3 Unes)

NEW SEASONS'

FIVE YEAR DE-LUXE DIARIES TRIPLE SETS

Containing Day, Engagement Pad, Diary and Address Bank). TWIN SETS

(Containing Diary & Address Book)

DAY PADS

APPOINTMENT DIARIES

DESK & POCKET DIARIES 6. ADDRESS BOOKS AUTOGRAPH ALBUMS

• RECIPE BOOKS

VIŠITORS” BOOKS SCRAP BOOKS

BIRTHDAY BOOKS”

BOOK MARKERS

South China Morning Post, Ltd.