1952-11-10 — Page 9

MESSAGERIES M

Arriving

"TE 10"

MARITIMES M

Ostward for

Leaving

Nor, 24 Nav. 14

tter.

•

Дарай

$

“LA MARSEILLAISE”, Dec.

***FALAISE"

"ST-MARCOUF"

"FEI NO"

Yokohama & Kabe

Homeward wor

Nov. 11 Nov. 11 N. Africa Europa Keelung Nov. 12 Nav. 17. Atrica & Europe Itongkong Nay, 19 Nov, 20

Dee. 4 Dec.

***LA MARSEILLAISE”, Deo. 13 Dec. 16

•

For passenger and freight.

I

N. Africa & Europe

Matte via Manila

+ For freight to Saigon, Marcellies, Algiers, Tangier, Casablaned,

Havre, Dunkirk, Antwerp & Rotterdam,

•

Accepiing cargo: **

-via Marseilles to all Mediterranean & West Africa Ports,

via Djibouti to Madagascar.

Hubject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES

P.O. Box 63, Hongkong

Queen's Building (gr. floor)

EVERETT

Tel. 26651 (8 lines).

LINES

EVERETT ORIENT LINE Fast regular freight-refrigerator passenger service to Korea, Japan, Philippines, Indo. China, Siam, Malaya, Rangoon, Calcutta and Chittagong.

"REBEVERETT"

Arrives Sails

Nov. 10 from Singapore.

Nov. 11 for Kobe Osuka, Yokohama

* Nagoya,

"NOREVERETT”

Arrives Sally

Nov, 23 from Singapore,

Robe Nov. 24 for

Yokohama.

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

EVERETT STAR LINE

Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Slam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports.

M. S. "STAR ALCYONE”

Loading

Sails

Nov. 10

Nov. 12 for

Bangkok,

Colombo, Cochin, Kharramshahr, Basrah & Bahrein.

M.S. "NORDSTJERNAN”

Arrives Sallo

Nov. 19 from Japan, Nov. 20

for Singapore. Part Sweiten- ham, Madras, Colombo, Bombay, Karachi, Kharram- shohr, Basrah & Bahrein.

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

EVERETT STEAMSHIP CORPORATION S/A "Qudon's" Building, Telephono 31206. Chinaso Department: Telephono 28293,

US

Speculation In

Over Changes In Trade Policy

Washington, Nov. 9.

Post-election Inquiries in official circles and private farm organisations indicated the general expectation that the U.S. wool tariffs will not be modified in the closing weeks of the Truman Administration.

It is impossible to make a categorical report because Government investigations and reports in this field are conducted confidentially and the best-informed sources are not allowed to comment to the Press even on the current status.

countries whose The existing international y tops, from reciprocity agreements affecting foreign exchange operations are to have caused wool would prevent any hasty alleged

competition here. Inequitable acllon.

Mr and one undertaken by the U.S. believed Elsenhower is liberally Inclined Tariff Commission at President

Truman's request

is

that

THE CHINA MAIL, MONDAY, NOVEMBER 10, 1952.

WEEK

IMPORTANT WEEK FOR UKROYAL INTEROCEAN LINES

Denationalisation Plans For Key Industries

Japanese Trade

With India :.'

Bombay, Nov. 9. Two trade offices have been set up in India by the Japanese Ministry for In- ternational Trade and

promote dustry. to Japanese experis.

in-

The offices in Bambay

and Calculia will silmu-

late Japanese exports capital

equipment

heavy machinery.

of

and

In the initial stages, the oMees are

offering only consultant service with main

ship- emphasis on building, rolling-stock and power generation faciles. -United Press.

British Motor Industry

Can Take Pride In Achievements

London,

The British motor in dustry cannot claim that it faces the future without anxiety of any sort.

to the

Markets Keeping Anxious Eye On New U.S. Administration

(PROM OUR OWN CORRESPONDENT)

London, Nov. 9. The past week has been full-some may think over-full-of. important events. In Parliament, the Government has outlined its pro gramme of legislation for the coming session.

The iron and steel industry and the transport industry are to be. "reorganised" and the texts of the bills to give effect to these measures: have now been published.

that the Government

J

It has always been known, of course, intended to denationalise these two key Industries, and its proposals In this respect had already been announced.

But there is still room : for.) Transport has presented the greatest dimeulues und the doubt in many people's minda o Government's original proposals to the likely future course of economic for this industry, contained Arst American foreign in a White Paper and later in polley,

There is no reason to believe, the first draft of the Dean however, that the Republicans alisation Bill, were widely

Wil once they aro... in power, cised.

foam a distically different view However, the bill an

of the importance of maintala- published shows that this crilling close economic ties with

eism has had its effect.

now

Purpose of the levy which is Werler Burope than that. taken by Prodent Truman's Ad- Lue made on road haulage after ministration since the

end of the return of the industry to the war. private hands has been mended, The Government proposes now to place the rail-

ways on n more

VÍLGENT NEED

But the fact is bocoming in- creasingly apparent that there is an urgent need for a fresh line of approach to the whole prob lem of the "dollar gap."

And this need for a now effort

competitive footing by allowing them to vary their charges for carriage of goods so as to prevent a loss of lusiness to road transport.

This, it is hoped, will do away with the need for road to plug the gap once and for all hauliers to subsidice the railcardiate had won the presiden- would have remained whichever ways but the levy, on rond tial clear, transport, which is designed to produce £4 million a year, will still be used to offset any loss of capital on the resale of road haulage undertakings.

Aluminium Output Expansion

Canadian Plans

Montreal, Nov. 9. Canada's production of aluminium in the next two years

will be increased nearly one-third and is ex-

**TAIBADANK" "TJIBÖNDUR *

PTSIPANAS“

"STRAAT

MALAKKA

“EJLUWAHUS

"TEGELBENG" "VAN BEUTBZ”

"TJIWANGI"

"TASMAN"

ATLINGSNE

Novi

Nay. 13

Nov. 15

Helawanheft, 1, Strigapara, ikjakarta, Mauritiba, B., Atrica, & E. 'America "Ujaharin," "Bentarang

Macassar

Дараа

A

Minuta. Hespore, F. S. Afted $

8. America

12 Mjakarta, Suzabala, & Macr

Napatang.

Djakarta, Kesarong, Sarabula,

Macar

A

sztigature, Djykatta. Somarags,

Burakala & Macassar

Singapore, Petang & Urlawan: Bell

Dakarta Senin,

Hurabala

Djakarta,

**Mauritius, 5. Aftien & K. America

Hingapore, E4 8. Africa

Nov. 10 Nav. 20

Mingapore,

Japa

Nov.

21

proc. Z.'

Dec.

“THIPANAS"

Dec.

Alarmier

"TECELDERO"

Dec.

#

Mania, Singapore,

"STRAAT BOENDA": Dee 10

T3ITJALENGKA" - Ver. "TJLUWAU"

13

Japan

Dee. 15

slogapore,

Djakarta,

Semarang,

Surabala Mlacattar

Dec. Bec.

20

Japan

23

Djakarta, Sematang,

Hurubata

Ire . 2x

Зарад

Dec. Dec.. Jan.

at

Japona

Singapure,

Jal.

7

Ja,

•

Jan. 10

Jab. 16

Hingapore, Bijakarta,

Búrabila & "Macassar

Jao. 18

Inpati

jeb, z

Feb.

"RUYS" "TJIKAMPEK"

"BOISSEVAIN"

TARMAN" "TIMENTENG" "TWANGI"

VTJIBODAS”.

"RUYA"

"YAN HEUTZ"

TJILUWAB"

**TJIBANTJET" *THWAND1"

"STRAAT

MAKABBAR" "TJITJALENGKA"

"TJIMENTENG"

STJADANE" "TJWONDOK" "TJILUWAII”

"TSIPANA8"

"STRAAT

MALAKKA“

Feb. 51

Feb. 11

Macostar

juzi,

Behartig,

Surabala Macassar Djakarta Remarank, Surabaja A

Macasiar

Atania, Singapore.... 13Jakarta, Maurilu, 89, Attica & 5. America

#gapore, E. & H. Anca

Blagapore.

Heffatig

Oinkaria./ #emarang Surabain de Bacanar

Зарда

Singapore, Djakarta, Maurling,

N. Afflca &.5, Amerfes``·. Manila, Singapore. & 8.. Atries

ARRIVALS

In t'ort.

Nay, 10

Nov. 12

Nov. 14

Nov. 14

Japan

/ Japan

From

Масликот, Surabatt.

Djakarin & Singapore

Semarang.

F. & 8. Africa. Mauritlus, Singapore

Djakarta

Japan

pected ultimately to ap- KING'S BUILDING, Ground Floor. more than one-half of the proach figures that will be

present world output.

This swift rise comes through development operations

But at least it can take pride in postwar achievements equalled and other industrica, by few particularly in the major con-

The Steel Bill has had a bet. tribution it has made

ter reception, perhaps because drive. national export

the Government's plans for this Since the war, in fact, it has industry are generally regarded | bring Europe together with the country. become the greatest single

as being more in accord with industry in the exporting

In 1951, its overseas country. sales, valued at £320m., counted for over 12 per cent of U.K. exports, an achlevement which involved the export of ap- 70 per cent of the proximately total output of curs and com- mercial vehicles,

the

uc-

Despite importunec. of the the industry's home market, main task must continue to be the cultivation end expansion of is first overseas markets, and it and foremost as an exporter that the industry must be assessed.

Not the feast of the industry's

the pus! export achievements in the war years has been

pengira tion

North American of the market-above all, the United States markel-where the British

exporter hos had to compete against an immensely powerful domestic automobile industry.

OTHER MARKETS

national needs.

|

-

Need for an international ap- proach to the dollar problem hus been reiterated by the Foreign Sexetary, Mr Anthony Eden, huge This would remain a permanent of the Aluminium Company of problem, he raid, unless we Canada, subsidiary of Conoda's were able to deal with it on a Aluminium Limited, only pre- Commonwealth basis and .10

of aluminium In this

United States to discuss it on a

two expansion Is world bosis.

provinces, Quebec

and Brittste Certain measures could be Columbia. At present Canada's SOME SUPERVISION

taken to improve the position of entire production is centred in three main groups-the Quebec. The company's biggest All the undertakings of the the nationalised industry are to be Commonwealth, Western Europe production unit is at Arvida, in

and the United States but the Saguenay taken out of the hands of-the

district, **** eventually the problem would Iron and Sice! Corporation and

Arvida, in have

a quarter of a lo be dealt with on 21 returned to private ownership worldwide basis.

century. has become the But the industry will still be

There is nothing in Mr aluminium capital of the world certain amount ol

or the fust-flowing subject to

Eisenhower's record of public because overall supervision by a Go-

that

provide electric service to suggest that he will rivers This

power, vital to aluminium pro- Vernment-appointed board.

be any the less inclined to seek boarti will be charged with the

a permanent solution to this all-duction. duty of "generally supervising important problem than Govir- the industry with a view to pro-nor Stevenson would have been and adequate supply of iron and moting the emelent,

had he emerged from the eice- tion as the hoad of another De- steol

under competitive condi-

mocratie.administration in the tions."

United States. Apart from announcing the intention to press on with these two measures the Queen's Speech reaffirmed the Govern- ment's resolution 10 proceed with the task of "placing the national economy on a sound foundation."

economic

past week.

to

on

It is in this area that further production is already under way. through power projects at Chule du Diable and Chute a la Savenne, soch of 270,000 horse- power, on the Peritibonka River.

The newest expansion THE STOCK EXCHANGE

Central British Columbia,

where มาล With so much news to digest

Arst stages of construction what may it is little wonder that the stock Te proceeding makels moved irregularly this There the gigantic task has been

Become 0 $800,000,000

project. Mr Eisenhower's victory led started of building

a 350-fool- an initial

of high dani to re It would not hesitate to take

marking ap

oreverse the normal any further steps necessary to dollar stocks in anticipation ut castern flow of wate

water. pouring it held and improve the more gains-on-Wall-Street-Gains through 10-mile-tunnel- favourable position now reached were, in fact, made but the e-through solid rock of the Coast action which followed lof: Wall range. From there the water In our overseas payments

than a half will plunge on, still controlled, Greater productive efficiency Street prices iesa

pcr cent up on the day, and to the power site at Remano, would be encouraged, measures

London prices were accordingly 125 miles west of the dam. to curb inflation and reduce the marked down again on Thurs If the future of the industry's

heavy load of Government ex- exports to North America dependiture would be "perse- pends

"steadily in- to a large extent

of houses factors outside its own control-vered with and a ereasing number" the maintenance of a prosperous would be bullt. American economy and a con-

to k

in tinuance of the steady rise American car prices the cran- has resulted tion of that market has

This means that a new market has been won, and at present is stili belag extended, in an efective where the only

American challenge manufacturer is provided by the British manufacturer.

area

to

the

chaled Amerikan articity. \

согз

on

day.

LARGEST SMELTER But by this me the uncer-

The

electricity tainty had spread to the indus-

generated- trial market. The Financial eventually 1,000,000 Brm horse- Times ordinary share index, power will be carried by which had reached 114 on Wed-, transmission lines 30 miles to nesday compared with 113.3 Kitimat, site of what is expected Although the Government has the previous week's close, to be the

PARAMOUNT QUESTION

TEL. 28015/18.

CHINESE AGENT8: 82 CONNAUGHT RD. C. TELS, 31196, 25133

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO: NEW YORK, BOSTON, BALTIMORE & FILADELPHIA VËS SAN FRANCISCO, LOS ANGELES, AND PANAMA. NEXT SAILINGS

M.S. "LAURA MAERSK" M.S. "LEISE MAERSK" M.S.

"GRETE MAERSK"

⚫ Calling Vancouver

M.S.

ARRIVALS FROM U.S.A.

"GRETE MAERSK"

M.S. "JEPPESEN MAERSK'

M.S. "OLGA MAERSK”.

Nov. 18 'Dec. Dec. 18

2

Nov. 18

Dec.

1

Dec. 17

For Freight and Further Particulars please apply to:-

-AGENTS:

JEBSEN &

Pedder Building.

CO.

Tel. Nos, 36066-9,"

bater and rotation rubject to change without nelica,

At Uberty to proceed via other ports to load/discharge cargo,

Bank Assets More Whisky.

-But Not In America

Washington, Nov. 9. Preston Delano, US: Compt- roller of the Currency, said that the country's national banks had assets af $102,000,000,000 on September 5.

PA

Indon, Nov, 0. Representatives of the Scotch meet tlie Whisky Association Board of Trade and Food Minis- try this month to discuss while ky exparts for 1953.

been criticised for dropping itsanished the week at 1129. aluminium smelter's largest Show Gain Before 1955 less from fortuitous circum- promised legislation to streng- News of the further rife In The huge smelter; to begin stances then from the intelligent then the Monopolies Cammis- the gold and dollar reserves concentration of British manu- sion, enough remains to exercise during October and the continu-producing in 1954, will have an fecturers on designing and pro-the minds of businessmen and

of strength of Sterling in the initial annual output of 00,000 short tons. When other phases ducing cars which do not directly others at home and abroad-es world's exchange markets ledi

the Large,

mass-to the possible course of ecomo- to an early improvement in gilt-of the planned development are

mic events in Britain during the edged prices.

completed, ultimate produellen of

350,000 tons The main customers for British next few critical months.

The

after cally continued

a year is ex- important as they ors in the U.S. are to be found

are, how-

some hesitancy when the terms pected, among the lower income groups ever, the proposed measures re-

of the expected transport loan Canada now suppiles about 25 and their demand is for the garding transport and the iron

world aluminium became known but prices reced. | per cent of and the

ed slightly when dealings in the output, the United States b small car in which the British and steel industry

assurances on Government's

new steek began on Friday. ecat and all other countries 25 manufacturer excela.

In other sections Kafrs drift- | per cent. World production in such vital matters as production and public expenditure have of tower in a quiet market, oila 1951. wns 1,950,000 tons. Canada's tended to be overshadowed by were dull in sympathy with the production was about 445,000 even more important news com movements on Wall Street and tons, of which roughly 350,000 across the Atlantic

coppers continued to

tons can

came from the big Arvida Paranoitat question of the mor ground.

smelter. of trade ment is: where does the election of Mr Eisenhower as Prezident

This result has been brought and about by the triltiative energy of the British Industry The picture, however, is not so bright in other overseas markets where

the erection

barriers has prevented man the United States leave Bri- !

into raw

by

toword international trade and wool tariffs as well as wool tops. cars by other countries includ-will form the next American ad-

turers

displaying from. virtues. Increasing

concentra-tain?

Mr Eisenhower's victory has tion on Canada and the U.S. has by the been occasioned not only

in this country: boen welcomed also but rich markets they offer

but the reception given to the the restriction of imports of news that the Republican Party

ing

of ministration has been rather less tho major markets he is expected

New Zealand warm. tension of the Reelprocal Trade The legal question involved is Australia and Act which will expire in June the determination whether where the volume of sales de- unless renewed.

duttable wool and wool tops are pends as much on the granting on the 18 on conditions of import licences Senator Røberi Taft is under-being supported

quality and price of the product

to favour ex-

to oppose the general that render ineffective the wool stood revision of the Tariff Act (not price support programme of the the teciprocity Act) and, with Department of Agriculture. out such general revision. It is The Tariff Commission held

by

tariff schedules in their entirety at the end

modified could be Congress.

0

very doubtful whether the wool public hearings on this question of September at the which the Agriculture Depart-

Lavoured ment

special tarif wool

which Imports

domestle wool industry. This

in- caused concern in all

offered.

Holland Making

New Fibre

be

་་

the

lose.

New American

Copper Mine

at

per

its

5.

Not till 1955 is the home drinker likely to come into his own. By then, the greatly in- creased quantity distilled each have 30 year since 1940-49 will

In view of the trade balances This was a gain in national bank assets of $620.000.000 since and dollar situation there seems Govern- June 30, and of nearly $5,000,- little doubt that the

ment will bo averso from cal- 000,000 strice Outdber 10, 1951.

There were 4,927 national ting the export allocation, now banks in the United States and 11,400,000 proof gallons a year.

when the and possessions

and only an optimist sees im- Comptroller culled for condition mediate hope of an increase in statements on September, supplies for the home market, That compared with 4,532 when which gets 2,600.000 gallons. the June 20 call was made and With ALCAN's power develop-

4,947 on October 10, 1961.

September Deposits on ment at Chute du Dlable, 50,000

deercase tons will be

were $02,500,000,000, added this year;

of $500,000,000 since June through the development at

but $3,000,000,000 more then in matured. This has been around Chute a la Savanne unother

October last year

28 million gallons annually, of 50,000 tons will be added in

Net loans and discounts on which about three million gal- 1953.

will 5

bc. lost. were $33.782,000,- lans

through September 000, an all-time high. That evaporation during maiuring.

This leaves 25 million gallons, $612,000,000 above 30,

and

mote against the present 14 million $2,500,000,000

dyear. Unless world demand, than on October 10, 1031.

National bank investment in not yet satisfled, expands much thon expected, thera Government securities stood on more September 5 at nearly $33,000 should be a greatly increased 000,000, an increase of $280,- allocation at homo, Stocka now, 000,000 since the end of June stand at 145 million gallons, but andi

In $1,000,000,000

11a large amount is young whis-

Hy months.Associated Press.

A new bolilag bond at South

replacing Queensferry,

which

Then, in mid-1954, will begin the Klimat production at the rate of 20,000 tons a year. The Tucson, Nov.-9.

data for the ultimate incrmse to ROOM FOR DOUBT

The biggest underground i dato

550,000 tons a

at Kitimat your Mr Elachhower is sown in copper mine in the US. is be

a good friend of Westerning sunk into the desert slopes cannot yet be forecast since it Europe and one who appreciates, overlocking San Pedro Valley, but when that que le renched on world demand will depend perhaps botter than anyone cist | 50 miles northeast of here," In Arnerlaan public life, that the

production will Only Anaconda's underground Canada's toinl military and economic security | workinga. Chiquicamata, be running more than 1,100,000 of the United States dependo Chile, will be greater anywhere ons. upon its willingners and ability in the world.

MOSTLY EXPORTED' its policies with. to co-ordinate

Finance The Reconstruction

Bauxite, ore, from partners in Uhor of its

has granted the Corporation North Atlantic

Treaty Organi-San Manuel Copper Corporation aluminium is made, now cohes sation,

to Canada from the British the the biggest business joán

Guiana mines What is not known, however, Government agency hos

of Aluminium Limited, parent company of now syhthette is how the President-elect may made $94,000,000, Orion, the for higher tariffs is probable wool-growing countries 'ng the fibre, is now produced in the have to modify

money, along with pri- Aluminium Company of Canada. ideas to ft in with those of the

increased production of domestic wool volume and price of U.S. wool Netherlands.

will be especially since faces rapidly

$114,000,000, will be used increasing com-Imports during 1052 have been The Nyma rayon spinning less enlightened members of the aid capital raising the total to

in froth polition from the new synthetle far below the peaks of the year mill at Nijmegen mounced party which will soon take dve.

Feenth Guinea in Africa. tons of are valued at $2,000,- from wool products.

when the Korean war stimulated that it had started production the responsibility for United Uring an estimated 500,000,000

Three -'fourths

of the of polyacrilonitril scientine States policy.

to the kurface. There are two Investigations the markets.

The feeling in Britain at the 1000,000 of "Onion--on" a small

produced Observers believe that it is nama pending which, when completed,

clash of views between the new. nation's defence-needed cop Aluminium Co. of Canada' might affect the international very improbable that President scale moment is that in any seriousThe ore is expected to rate aluminium... wool trade the question of Truman would take any action Orion in the US. is widely President and the more reap. per elitput by eight per cont vent to foreign countries. Last Increase production of year the United Kingdom took applying countervailing duties in the closing days of his term used in clothing, upholstery. Alonary elements in the Repub- und above the regular tariff against that would arouse international curtains, awnings and tarpau- lican Party, Mr. Esenhower will molybdenum by 10 per cent 40 per cent and the US. 23 per

Associated Presa

ernt.-Asociated Press, lins-Associated Press. semi-processed wool, particular-pitter -United Press,

The Republican Party history on tion" for wool, and continued

has been one' of "high protect the

agitation among shoep growers

Amsterdam, Nov. 9

comd put on top.

some of 2018

OVCE

WOB

June

Ceylon Dollar burned down three years

Earnings

Colombo, Nov. 0. Ceylon's dollar, earnings from exparts of rubber to the United States show a drop of nearly.

to aluminium, extra malca and holf, or 89,000,000, in the nine

بودا

опе

ago. has been opened. It will bottle foster and more efficiently and will be available for the years of plenty.

Cotton For India”

New Delhi; Nov. 9. months ending September from

The Indian Government has the similar parlod last year.

These figures also show, that announced its declalon, to per- China...

which is Ceylon's / bost mit the export 'of' 150,000' boles the bityor of rubber had taken of colton in addition to 40,478,191 pounds in the nine 100,000 bales announced earlier. months of this year--Associated during the period ending June Press,

[next; yehr.-Associated Press.