1952-11-13 — Page 9

MESSAGERIES M

"PEI HO"

THE CHINA MAIL, THURSDAY, NOVEMBER 13, 1952.

Page

MARITIMES AMERICAN SHIP POLICY ROYAL INTEROCEAN LINES

M "New Deal" On Subsidies Expected By Industry

Arriving Lanvink

Outward For

14

Bigy, 14 1.

Japan

"LÄ” MARSEILLAISE" . Dre. 4

**FALAISE"

"ST-MARCOUF"

Yokohama & Kobe Homeward Fei

N. Africa & Burope

Nov. 14 Nov. 14 Keelung Nov. 11 Nov. IN. Africa & Kurppe Itop kong Nov. 19 Nov. 20

N. Africa & Europe Mergelijos via Mabija

+TEI HO* ............Dee. , Dec.

"LA MARSEILLAISE”

Deo. 15

Dec. 14

• For passenger and freight.

+. For freight to Balgon, Marseilles, Algiers, Tangier, Creablenes,

Hayre, Dunkirk, Antwerp & Rotterdam.

• Accepting cargo:

-Vis Marseilles to all Mediterranean & West Africa Parts. -via Djibouti to Madagascar.

Subject 2 Change Witirant Notice,

CIE DES MESsageries marITIMES

P.O. Box 53, Hongkong

Queen's Building (gr. floor)

EVERETT

Tel. 26651 (3 lines).

E

LINES

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

"NOREVERETT"

Arrives Sails

Nov, 24 from Singapore. Nov. 25 for

Kobe &

"REBEVERETT"

Arrives 'Sails

Dec. B from Manila, Dec. 10

Yokohama,

for Singapore, Rangoon & (Accepting cargo for translipment Kobe/Puran and Kobe/Okinawa)

Parang, Calcutta.

EVERETT STAR LINE

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

M. S. "STAR ALCYONE”

Loading

Sails

Nov. 12

Colombo, Khorramshahr,

Nov. 13 for Bangkok,

Cochin, Basrah & Bahrein.

M.S. "NORDSTJERNAN”

Arrives Soils

Nov. 21 from Japan, Nov, 22

for Singapore. Pori Swetten- Madras, Colombo, ham, 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.

Brisk

Business In

U.S. Predicted: Exports Show

Rise

New York, Nov. 12.

American sales at home and abroad are on the rise. And financial sources predict continued brisk business for the remainder of this year, and for at least the first quarter of next year.

United States exports advanced sharply in September, the Government reported in a preliminary estimate which pinced the total at $1,225,000,000-an increase of 14 per cent over August..

Inflation In Philippines

Manija, Nov. 12,

The Finance Secretary, Mr Agrello Montinois, ta reported to have admited plub during

* Lions' luncheon #dress today that the country was agiin in the grip of Inflation, and warned that unless Con- Krem extends the tax law3 which expire ποτέ YEAK, the slination would grow worse.

Mr Montinola said that failure to extend the tx lawx would result in the curtailment of Governi ment incorno,--ft outer,

Import Policies Revision

Possible Demand By The Colonies

If the

Two

President:

Reports For Taxation The Main

New York, Nov. 12.

A "new deal" for better or for worse, in the all-important question of Government subsidies, is expected by the U.S. merchant shipping industry.

For this reason, despite the fact that roports hostile to the present standard of maritime subsidy were expected to be sent to the White Hausa by two separate groups, shipping executives do not believe that decisions takon on subsidy matters between now and the end of the year will necessarily be final.

In August, President Truman Instructed the Secre taries of Commerce mud the Treasury to prepare for him reports on the long-disputed law offering tax deferment un certain shipping earnings as an inducement to the com- panies to set aside funds for tonnage replacementa,

with Government ald and 菲 Government mortgage pay 23 per cent down,

Issue

Canberra Attitude Discussed

Empire Conference

***LANAR"

“STRAAT

"MAKSKRA

STJILUWAN"

*TBOKLDER()}" *VAN DEUTS "TLIWANGI"

SPACING B

NÁVANI

Wing,...

Nov. 18

Nov.. Now, ta

Bec.

"TABMAN" *JĮPANAS"

Dec.

Bea.

**EGELDENO"

100,

*STRAAT SOENDA" Dee, "THLUWAHI"

10

Den. 15

PTJITJALENGKA“

Dec. T

"TJIKAMPEK"

"BUY"

"DOISSGVAIN" "

QEF, 10 Dac,

S. America

Singapore, Dakarta, Semarang.

Surabala A" Macassar

RJAKETE.

Blackjar

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DJAMILA,

Bingapore, Penang & Belawan Doll Djąkartą Bemaryng, Kurokals

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Djakarta,

Klouxiiipin 4. Atrisa & §, America singapore, E. & 1. Atries Singapore,

Djakarta, Bemarang.

Burabala & Macassar

Зарад Japah

Djakarta,

BEACHSIAT

ZADAR

BemaTADE.

Djakarta,

Burabata

Dec. 18

**TASMAN”

02. 20

Japan

"IJIMENTENG"

Prei

Japan

#TJWANGI

Jan.

singapore,

Semarang,"

Gurabila & "Alacatiar

TJIDODAS"

Jan. 7

Attrabala &

-KUYS**

JA,

VAN HIEUTKZ"

JRO

10

Sydney, Nov. 12. The Prime Minister,ILLUWAN" Robert Menzies, Is. to leave

on Saturday for London via Washington to attend the Economic Conference of Commonwealth Ministers.

Cabinet meetings have beon held since Monday in Conbirra to complete the outline of Austra lia's position at the conferenco

A group of shipping men representing leading lines has an advisory been acting in

The reduced-Initial payment capacity in the writing of the Commerce Department's report. would be accompanied, it was The committee has been said, by longer pay-off periods, meeting under the chairman- While this change would ship of Mr Earl W. Clark, help, operators do not consider the Australian Government be deputy maritime administratorit the answer to the problemeves taxt the chief sim of the of finding funds for ship con- conference should be to arrange of the national shipping agency under the Department of Com-struction.

the convertibility of Sterling. merce.

Inch to work

on

Because it is. a cyclical busi- The calling in of shipping | ness dipping does not get ex- It is hoped here that concrete

tho report tentive Anuncial

support in steps 'this ond would Im- private Investments and theplemented when Commonwealth came from the desire in Federal

out a real tax deferment method is con- | leiders meat in London' TWXL

Prest- solution in response to

sidered the ideal mearis of June on the occasion of the geneles to work

encouraging reserve funds from Coronation. carnings in high-income years, It is believed that Australia,

TREASURY OPPOSITION An advocate of increased The two departmentul re-operation with the Comynon ports have been completed with wealth. is considering a joint a measure of iaison between move in Washington to reinforce the two committees, each be the dollar pool through a search ing aware of what the other is for new markets for the dollar

New York. Noy. 12. The Journal of Commerce said Colonial delegates are expected to ask for a revident Truman's directive.

The President had asked for slon of import policies at the British Commonwealth Con- report that would assume the abrogation of the traditional ference in London on No- tax benefits and offer proposals vember 27.

for replacing this form of aid have their with some other kind of non- delegates way more favourable sales op-elal assistance, such as a direct portunities for non-Sterling Area subsidy.

Because In the

it was a While exporters will develop

House task the shipping officials Colonies, the trade paper said.

Advice from K, A. Ghedeman, have been reluctant to disclose Gold Const Trade Minister, now details of their deliberations. In London. is quoted:

"There has to be some sort of holicy revision of our lingurt and, at the forthcoming meeting of Commonwealth Prime Minis

forward our ters. wo shall ри views in the light of discussions I have had here."

nan-Sterling Imports from

.Colonies British 10 countries went up from 48 per cent of total Imports in 1948 to 52 per cent last year and are believed to be even higher in 1952, sald the newspaper.

now

Up also are Colonial exports, $200,000,000. averaging

with $04,- monthly, compared 000,000 three years ago.

DECISIVE FACTOR Colonial exports to the United

States were reported to be $250,- 000,000 more in 1951 than a year earlier.

However, the view the Journal of Commerce tukes, from an analysis of the review of Com

trade in 1031, monwealth

recently released, is that the Colonies made a decisive con- tribution to Sterling Area trade

balances last year.

While Sterling countries In- ercased their impurts of Ampri- can, goods, the Colonies did not And only that fact, it said, made possible the Sterilng nations' "Importing spree."

comes

more

DOWN PAYMENTS

It is understood, however, that among the many solutions explored was a change in the my reducing the mandatory down payment in a vessel pur chase.

At present, shipping com- panies that buy or build ships

Grave Rice

秘

Shortage

In Asian

Countries

How

Rome, Nov. 12. to cope with the serious rico shortage in Asia will be discussed at a meeting next January by the United Nations Food and Agriculture Organisa- tion at Bangkok,

Bice, which is the staple food for more than half of mankind, has been in short supply since the war and is certainly the most serious food problem facing the world at present, Mr. H. Bocans, chief of FAQ's Econo mics Division, told a Press canr ference.

'doing.

The Treasury Department bas been one of the leading op

deferment parents of the tax principle and it will continue to support President Truman in bis dreision to eliminate it.

prea.

Milltary leaders, whom the Cabinet heard yesterday, are said to be concement with the impact of the periodic economic crises on the heavy, rearmament programune now under way.

POSITION BETTER

It was also pointed out that there was a need for dollür

in last investments

the catile- raising industry and agriculture, on. These two activities play an im-

portant

The Presdent objected to this feature several times during the writing of the long-range Merchant Marine Bill, and complained about it again when

the measure he signed Summer.

Throughout the debate this subject, the shipping in- dustry has insisted on the, re- tention of the benefit clauses, and its leadership is expected to continue the fight in the next Congress.

part in Australian

economy in the event of war.

However, Australia's econo- mnie position was regarded

January's reinforced since last conference at which it

Was decided that cach Cominon- wealth member should live ac- cording to its means.

Tho

هول

Djakarta Bemerang,

MACRIE

Manila, Singapor. Djakarta...

Mauritius, 8. Africa & §. America

Amgaporo, E. &,6. Africa '

“Surabata & Macaskar

Singapore, Djakarta,

Jan 24 Feb.

Japst

PED. *

**TJIDANTJET" "TJIWANDI“

"STRAAT

MAKASBAR" THTICLENGRA" Fab.

**TUMENTENG" "THLUWA"

21

Web,

Feb. 16

Semarang.

Singapore, Djakarta, Semarang

Surabais & Macostar

Тарко

Singapore, Djakarta. Mauritius,

4. Afilca & 8. America Manlia, Singapore & 8. Africa Singapore. Djakarta. Semarang,

Süradala & ́ Macassar

ARRIVALS

*From

MacAIRY, Aprabala.

Djakarta #' Bingapore

Beparage,

5. § 8. Atties, stoupillum, Singapore

Djakarta

**TJILUWAU“

"TUPANAS"

In Port

Nov. 14

.

MALAKHA" "RUTS"

Nov. 18

Japan

Ng. 17

Japan

"TRAAT

KING'S BUILDING, Ground Floor.

TEL. 28015/18.

CHINESE AGENTE, 82 CONNAUGUT RD. C. TELS, 81100, 25153

MAERSK LINE

FAST FORTNIGHTLY SERVICH TO:

NEW YORK, BOSTON, BALTDIORE & PHILADELPHIA vis SAN FRANCISCO, LOS ANGELES AND PANAMA. NEXT. SAILINGS

AS

*M.S. "LAURA MAEBSK” M.S. "LEISE MAERSK” M.S. "GRETE MAERSK”

was

M.S. "GRETE MAERSK” M.S. "JEPPESEN MAERSK" M.S. "OLGA MAERSK”

THREE BENEFITS Under the U.S. Marchant Marino Act of 1930, the ship-

improvement ping Industry receiveti three

illustrated by a surplus of ex- certain principal benefits

ሳኡ

balance which, Last exemptions, now reduced to de-, ternal ferments, to

encourage ship-month, mounted to £40,000,- building; operating subsidies 404. subject to extensive recapture In addition, the discovery of and construction aid to provide large parity tion abread

All three of these

Д

- Nov. 18 Dec. 2 Dee,

16

• Calling Vancouver ARRIVALS FROM U.S.A.

Nov. 18

Dec.

1

Dec. 17

For Freight and Further Particulars please apply to:-

AGENTS;

JEBSEN &

Con-

leads

Pedder Building.

uronium deposits ro- with low-cost construc- presented substantial

tribution to the Commonwealth's

This revenues. features dollar

to believe fire observeKS have, indeed, been under the general accounting office. tions on

some imports from from Federal agencies, including possible lifting of the restric

were The Maritime Administration Britain which

imposed is now engaged in a completo last March-France-Prosse, re-study of operating subaldics.

INDIA'S DECISION Construction differential

sid

on the part of the Government is being investigated by the Federal Maritime Board and by the Department of Justice,

HONGKONG

SHARE MARKET

Minister Gbedeman is reported as telling financial sources in London that the Gold Conat tu-

Statistics are not complete byt it may be estimated that the day has greater spending power, wants

goods in more

world rice output has remained variety and was ready to search the sprhe as before the war, 10 world markets to get such things million tons a year, he slated,

possible, On the prices

other hand, the beat at the

from population of rico-growin whether or not

countries increased by about 1RD the Sterling Area,

1937 to Already, he said, wax-block million people from

is being 105). cotton print cloth

Mr Boerma maid FAQ Holland, for brought in froin

estimated that an additional (From Our Correspondent) this reason.Assoclated Press.

1,300,000 tons of rice were needed annually to keep pAFF Business done on the stock with the rate of population Exchange this morning amount- growth.

cd to $300,488.20. Noon prices and morning's 'transac tions: SLABES PUYERS BELLERS SALES BANKS

TK Bank ... 14:0 Fisst Asia

Center Union Underwitters SEPLING

Apia Nuv. .. 14

LONDON TIN MARKET

London, Nov. 12. The tin market was easter this morning. Turnover was 60 Prices closed at the end of the official morning Scasion follows:-

However, of the total increase $89.50 per week, with on average tons, including 30 tons for cash.

August to week of 41.1 hours, of $103,000,000 from

September, about $80,000,000 Manufacturers' sales and new

reflected increased military aid orders are also rising In Sep-Spot tin, buyers shipments, leaving an increase of about $75,000,000 in commer- tembor, their sales jumped $ip billion to a total of $24,6 billion.

cial exports. This increase ap- And new orders climbed $2,000,- pears to be continuing.

000,000 to $24.5 billion. The in-

durable goods.

Spot un, sellers

Burines done al Free-months tin,

1

Three-months

Businew done al Settlement

Burmese

U

03

052

152-133

035

033

-United Press.

With most of the rice supply always consumed on the spot. world trade in rice totalled only 8,000,000 tons before the war. at has since dropped to 4,000,000 tons, he cold,

the

Increased production was not only an agricultural but also an INSURANCES economic problem. "Formicas must have sufficient incentive to produre; marketing and storage must be improved," he said.-- Reulor.

· RICE FOR CEYLON

Colombo, Nov. 12. The first shipment of Chinesa rice for Ceylon under the recent contract in which Ceylon agroed to buy 80,000 ton of rice from

Minister's China within the next thres Mission Ends

months are due to arrive next

month.

Betall sates in the United creases were in durable and con- States are running about five to eight per cent above levels a year ago. In September, sales

OUTFUT MOUNTING totalled about $14,000,000,000,

Industrial output is also mount- ah Increase of three per cent

Ing. It reached the highest cont

The consigament will total over August and seven per

year, point since 1945 in September, of last

London, Nov. 12 over September of

reports show and continued the rise in Octo

Win, Burma's Planning 9,000 tons of rico and will be Since then,

bor, The Government's indus the trend upward.

Minister, who had financiel talks brought by the Chinese vessel trial index stood at 225 per cent business is Christmas Record

with the British Treasury, left Halangt.

Ceylon also expects to of the 1036-30 average in Sep- London by air for Amsterdam

to receive prospect, m mtailers report.

further 10,000 tons of rico They predict increases over tho leinter, compared with 214 por today on his way back to flan-

from Nigeria oarly next year. cent in August and 210 per cent

Koon. 1031 holiday season of from one

'Ave-member. If the quality of this consign- led Ho to over 10 per cent in both dollarin September of last year

Burmese financial mision which mont is salintactory, it likely Corporate earnings are also and physical volume. They note

mainly discussed Burma's £27, that Nigeria will become a ro 800,000 debt to Britain-Bru- gular supplier of rice for tor.

Ceylon-France-Presse.

BARTER AGREEMENT

Colombo, Noy. 12. The Ceylon Government's today United Nationalist Party

a record money supply, plent improving. Statements of

520

Exchange Rates

•

of goods, and say people are in companies for the third quarter the mood to buy. They expect to showed combined net income of enjoy sales of around $400,000 $1,141,000,000, three per cent 100% in try along with about rise over the proceding quarter $25,000,000 going for daile.

quarter Employment and wagon aino and two per cent above the like

Business was done in the local her last

It was the you showing unmetal change market this are at record highs, which adds first quarter

morning at the following rates:me of businessmen. Improvement optimism

over last year. Ta dollar be$70

Coylon will mupply 30.000 tons Non-farm workers

now

total Producers of radio and television sterling notek por 41)

ddoceán graders (per 100) 1750 of sheet rubber annually in eas Average acts showed the largest ainettacais (per 199) 47,5 milliar.

change for :200,000 tons of py carnings of factory workers have $85 per cent over the third quar“ | Singapore" (Straits),

yearly Reuter, reached an all-time record of ter last year--Associated Press · FIC plates (per 100)

to the

6.0378

DOCKS, ETC. K. Whart 3. Pt. Wharf Hock... Provident Provident (NI S'ha! Dock Wheelock

140

.7675

LAND, ETC.

HK Hotel 0.45 113 Land (4)

HK Land (N)

Bhel Land Hampingy's UTILITIES

Tram

10 1413

CO.

Tel. Nos, B6068-0.

Dated xhd rotation subject to change without hatten.

̄Át Riberty” to ̈prassed⋅ via-other-parts-tp_load/disebarge- carros-

Fall In

In Denmark's Cost Of Living

Copenhagen, Nov, 12.

New Delhi, Nov. 12. The Indian Finance Minister sald today that India intended to remain in the Starling Area. Не was replying to a question in Parliament, He added that withe the possibility of India drawing from the Sterling Area had not been considered at the recent Commonwealth Financial Conference and would not be considered at the coming Lan-. don conference.

Finance Minister mid that The Finance india retained two advantages by remaining in the Sterling Area:

(1) Sterling is being widely used as an

an international currency producer with plenty of cheap The main sufferers In Den- and it enables India to secure the water transport a few mark, as in most countries, are WHORE largest possible level of multi-prosperous Industries such as the salaried fineses,

trade; and

cement, shipbuilding and ship-| wage claims are not supported (2) India is able to most her ping. She le new almost in by powerful trade unions, and

ald those who through wide fluctuations in trade and dependent of American

sickness live on payments with other countries apart from defence,

Pensions and incomes derived from Invest- by the use of the central goid

But Danes still grumble overments. and dollar reserves of the Sterling Arca-France-Presse,

Improved exports and a mild deflationary policy have resulted in a slight fall in the cost of living in Denmark, after it had risen slightly more than 100 per cent since 1939,

Decline In

Production

Of Rubber

London, Nov. 12.

The country has been in a of fewer persons being employ favoured position as a fooded on the land.

age or

the cost of living. This is one Notwithstanding Danish grum- of the two reasons why they blos there is little doubt that

increased autenco Recopted

Danmark, Judged in terms of burdens with great reluctance real wealth. is very CONTE The other is thoir neutrality fortably off as compared either policy which they have pursued with since the 1864

against those Prussia.

War

In spite of this the Danish

workmon is much better off then

OF

conditions pre-war

prevailing in favoured countries in Europe... Bouler

before the war, although he Rubber Futures

would probably be the last men

to admit it because it is constant-

8155

54

Singapord, Nov. 12. The most significant point in

The fact remains that In

wages. Pricos of rubber. the rubber production and

general have risen practically closed today as follows-

to Govern | Number i rubber, per ib. consumption figures for Septem- | threefold, according

December In the ber waa the decline

ment statistics. Even agricultural January production of natural rubber.

wages have increased by about the Financial Times said to 380 per cent. Eamings of farmers Number rubber, day.

and those engaged in industry and commerce have risen by Number rubber, almost as much, so that the in-Number rubber,

December dividual, whether employer, busi Boot rubber. -nessmen or worker,

ly denied by his trade union and Loft Wing politicians.

In S'pore

futures

TAIL-TE

February

December

7616-96

December

2016-%

has

on

No. 1 pala crepe

0516-0712

100-10% United Press,

Star Terry -d. Ligia (0) 9.70,

Electric

Telephone 17:30 17:4 Tel: (Hits) INDUSIKALB

Cement

opproved long-term Frode supplies, b agreement with Ching,

4040.30.

10.00 18.49

純乾

-0.40 5.00

But against the fall in out- put there was it encouraging continuance of the rise in con- smption from the very low

In July, Jeval recorded paper, emphasised.

"Much of the future natural rubber is dependent on pro- American policy, and on .disation and consumption of

· synthetic rubber.

the

of

HIE is still too early for there to be any signs th production. .or consumption figures at the

· now polley which American

momarapturers [rubber

In using more" natural, the Financial Times added. Reuter,

are

Hille to grumble about, Paper Blanket crepe

But the statisticdi men exists

only on paper, and the wor

3/- battle:

for

man complains bitterly that JAPANESE BONDS cigarettes cost him 3.10 kroner. (over

of heer while a mell costs him 71 vere, (ninepenco

In a bar it-com Sterling) much more. Notwithstanding adverso features, the country productivity measured in goods has increased remarkably, ex-Console. pecially in agriculture, in spite

London, Nov. 12. Japanese banda

"A" (s. of 1800), ", of 1010)' - PC (01/01/1807): "D" (Ga. of 1084)· [**]} // (614#, of! 3030),

74%

185

103

· 102

80%

United Press,