1952-11-14 — Page 9

MESSAGERIES M®

"PEI NO"

Arelying

THE CHINA MAIL, FRIDAY, NOVEMBER 14, 1952.

MARITIMES | Decline In Jap Argument In U.S. BRITAIN

LARTIST

4

Nov. 14 Dec. *

*12 1071

"LA MARSEILLAISE" .Dr.

"FALAISE"

"ST-MARCOUF” ·

+PEI 110"..

M

Outward For

Japan

Yokohama & Kubo

Homeward For

In Fort Nov. 15. N. Africa & Europs Keelung Nov. 17 Nov, Hongkong Nov. 17 Nov. 23. Mrica & Europe

.Dec.

7 Dec.

ช JG

N. Africa & Europe

"LA MARSEILLAISE”, Dec. 15

For passenger and freight.

Marsellies via ñianlia

For freight to Salgon, Marseilles, Algiers, Tangier, Casablanca, Havro, Dunkirk, Antwerp & Rotterdam,

Accepting cargo:

-via Marseilles to all Mediterranean & West Africa Ports, -via Djiboul to Madagascar.

Subject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES

P.O. Box 53, Hongkong Queen's Building (gr. floor}

EVERETT

LINES

Textile Exporte

Tokyo, Nov. 13. Japanese textile leaders will estimate that Japan export less than 800,000,- 000 yards of'coltan Lox- tiles this year.

In the first 10 months of this year, Japanese'col- ton picoo-goods shipments Lotaliod 600,000,000 yands -25 per cent below the total alupped by the end

lant of October

year... United Press.

Giant

1

Copper Mine

Over Higher

Industry Profits

New York, Nov. 13.

AND AID TO ASIA

Constant Supply Maintained

London. The British rearmament American labour, management and the con-

way hindered tho sumer are drawn into another three-way dispute programme has in no

supply of -wagen versus profits versus prices. Which equipment and technicians, should get the benefit of increased productivity? under the Colombo Plan, to American industrial supremacy has been built South-East Asian countries, on this boast: When an American worker puts in said Mr Geoffrey Wilson in

London. an hour on the job he produces more than any other worker. That is productivity or output per man hour-and it has gone up over the years, sometimes in one industry and sometimes in another.

How much to labour In the form of yearly increases in wages for increased output?

How much to industry in the

form of profits and dividends fo supplying the management on

and taking the new machines risks?

The new battle beginning is Tucson, Arizann, Nov. 13.

over how to divide the fruits of The biggest underground this increased output Tel: 26651 (8 lines).

of goods copper mine in the US. In per amount of human energy being sunk into the desert expented. slopes overlooking San Pedro

Valley, 50 miles northwest of here.

Only Anaconda's underground workings

Chiquicomatu, Chile, will be greater anywhere In the world.

2210

Reconstruction. Finance Corporation has grant the San Manuel Copper Corporation the biggest business loan the Goving publie in the form of lower crament agency has ever made prices? With the cost of Elving $94,000,000.

high, the public The money, along at a record with private capital aising the suspects It is low man on the toin to $14,000,000, will be senie. used to bring an estimated 609,- 400,000 fans of ore valued at $2,000,000,000 to the surfaco,

The ore is expected to bnost defence-needed the nation's copper output by eight per cent Ant Increscu production of molybdenum by 10 per cent.

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

"NOREVERETT"

Arrives Sails

Nov. 24 From Singapore, Nov. 25 for Robe &

"REBEVERETT"

Arrives Sails

Dec. 9 from Manila, Dee. 10 for

Yokohama.

Singapore, Penang, Calcutta.

Rangoon

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

EVERETT STAR LINE

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

M. S. "STAR ALCYONE”

Loading Sails

Nov. 12

Nov. 14

for

Bangkok,

Colombo, Cochin, Karramshahr, Basta & Babrein.

M.S. "NORDSTJERNAN”

Arrives Sails

Nov. 21 from Japan.

Nov. 22 for Singapore, Port Sweticn- hain, Madras, Colombo, Bombay, Karachi, Kharram. shahr, Busrah & Bahrein.

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

EVERETT STEAMSHIP. CORPORATION 5/A Queen's Building, Telophone-31206. Chinese Department: Telephone 28293;

Formosan Economic Policy Attacked

Taipei, Nov. 13.

It will take the new San Manuel mine four to five years to get into full production, During that time, 1,800 houses will go up for the men who will build the mine. A new town That

will eventually haye population of 7,500 will appear on the barren desert.

And how much to the consum-

Many companies are tachyz de- mands now for a built-in annual pruductivity increase in lalou: contracts, The Government's Wage Stabilisation Boar was reported almost ready last June to set an over-all formula for Auch an increase-between two and three per cent for all in- dustries.

N Fan inio Con- aus £ressional opposition and is now rumoured about ready to discard the idea.

NOT OFFICIAL

But productivity. 4 Wage determinant is here to stay, ac- 90-page study cording to

Revised Land Plan

In Taiwan

terday

which

poris.

The question that had to be naked, he said, was whether work on the Colombo Pian would have gone ahead foster if there had been no rearmament pro- gramme. He did not think so In fact, he believed there would have been full employment in Britain even without the present defence effort, and this, rather than the prior demands of the rearmament programme, was the Hmiling factor in the supply of equipment and technical ex- -perts-to-South-East Aşlu

ROYAL INTEROCEAN LINES

"TEQKLBERŲ“ "YAN HEUTZ"

"KUYS**

Afaniia, Bingspots, E. & B. Attios 4.

8. America

BIBRADOIN. Djakarin,

Surabala & Macassar

Bemarang.

Surabalı

Beninrang.

Djakarta,

Burabala & Dinehuske

Singapore, Penang & Uslawan Beli Diskarta gemaraus, Surabala

Maxmar

tamile,ingapore,

Mauritius, 8, Airien à 8. Amerien Ringapore, E. & A. Africa

Djakarta, Semarang, Rings & MaÇASINT

Japan

Bemarang.

BAILING B

To

"IJIPANGE"

“MALAIKA.

"YJIĽUWAD"

NOY. In NOT. 16

Nov. 18

Nov. 20

форма

Inpat

"JIWANGI

*ZASMAN" "ZJIPANAS"

Nov.

Dec. 2

23

Jakarta. Banerung.

Stacassar

Bingapore.

Djakarta,

Dec. 1 Doc. *

Vec.

" "TKOKLBERO"

"STRAAT BOCNDA Det. 10 #TJILUWAR**

Dist. 14

-TIITJALENGKA"

Dr.

Dec. 20

Japans

Det.

13

Djakarta,

Korsesar

Der. Der. Der. 31 Jan.

Заран

29

Аврал

Japan

"Bingapore, Dinkaria,

Komateng,

·Jan,

Djakaria Hemarang.

Surabala

Alafastar

"TJIBANTJET

"TJIWANGr"

"STRAAT

Jan. 1

Jan. 10 JER. FO

jau, 26 Feb.

Atoniin, Bingapore,

DJAKATLA,

Singapore, E. & 8. Africa

Blazquora. |_ Djakarta.

Hemarang.

Jürübain & Atoexasar

Singapore, Djakarta,

Bemar

MAKABBAR" **TITJALENGKA“

STJIMENTENG" "THLUWAHI"

Feb. J Feb. •

Feb. 11 Feb. 16

JIKAMPEK"

"DOISEVAIN"

TASMAN "TJIMENTÈNG" "YJEWANGI“

*TJIBODAK"

*RUTS"

#VAN HEUTSZ" "TJILUWAN"

Stirabaia de MacaniaN

Rurabals

Saulius, 8. Aftira & B. America

Зарла

Estabala & Blucansar

Japan

gintaporo, Djakarta, Atoritas,

8. Alitea 2278. America Stanila, Singapore' & 1. Alrien“ Singapore, Jakarta.

Murabila & ‹ Macamar

ARRIVALS

"THLUWAII"

"STRAAT

MALAKKA" "TJIPANAS",

1n Port

"RUYS"

Nov. 13 Nay, 10

Nov. 17

Semarang.

From

Remarna.

Atacadar. Surabala.

DJAKAMA & Hingapore

Зарат

V. & 8. Alries, Mauritiite. Singaporė

Djakaria

הגורם

Britain has

played her full part, however, in the provision of Lechnical assistance tu the Colomba Flan countrica. Α Taipei, Nov. 13. The Nationalist Cabinot yes-progress report" issued by the revised Commonwealth Relations Office approved the "land to the tiller" programme shows that 44 posts have been specialists in requires 1,800 million led by British Formosan dollars (approximate récent months.

- For example, two ly U.S.$100 million) to be car-

senior ried out, according to Press re-working in India

mechanical engineers are now on the con- struction of power

KING'S BUILDING, Ground Floor. hojises and dams for river irrigation and A team, com- Prising an orthopaedic surgeon of world-wide repute, physio-therapists and a techni cinn, has gone to Indlu to help in the setting up of an orthopaedic in a Delhi hospital. department | *)

And an cucationallat is help- 108 to organise the Department of Industrini Administration and Business Management for the Indian Government's new

The bill containing 34 urticloa is to be carried out on January 1, 1953. if approved by the Na-Power schemes. tionalist Legistative Yuan

(Parliament) in time.

The main-revisions of the 34- article bill, according to the "Chium News"

provided:

1. Lund to rotuined by land owners both restent or abrenice, is rovised from one and a half hectares of first grade, to six hectares of poor grade of water land, or three hectares of first grade to 12 hectares of poor grade of dry land.

2. The price for the requisi- tion of land is to be estlinated

Institute of Technology,

TRAINING IN U. K.

A crushing mill will be con- structed to concentrate about 30,000 tons of ore a day, each ton containing about 16 pounds consulting firm, Fisher, Rudge j ut two and a half times of the surveying

issued by

the management

of copper. A anetter will go

and Neblett of New York and up to reduce the concentrate to almost

Los Angeles. 11 says companies purc

and copper molybdenum. The actual renn-had better find out quickly, it ing will be done in the East. they can, what the productivity The Government is expected to increase rate is in their industry buy a large part of the output, and be ready to negotiate.

TWO MASSES

San Manuel is a subsidiary of the Magma Copper Company which has

producing been

Arizona, at Superior, copper since 1011.

A red hill that stands out on the drab desert like a beacon marks the vast ore deposit. From the hill area the mining company expects to take 140, 0100,000 pounds of copper and 6,000,000 pounds of molybdenum

a year for

are no

The trouble is, as the National Industrial Conference Board points out, that there official productivity figures for manufacturing us a whole. The U.S. Bureau of Labour Statistics has estimates for 1930 to 1930 From for about 20 Industries. (these it

cstimates that tho average gain in oulpat for un hour worked is ground two per cent a year.

The Conference Board, making tentativo estimates of its own for all manufacturing between 1939 and 1940, shows output per man- hour gained an average of 1.1 per cent a year,

xt 50 yours, next In 1943, when America needed new sources of copper, the US. Bureau of Mimes drilled beneath the red hill and found a 300,000- -ton ore, body.

Magma look over drilling in 1945. It fount there were two massos of ore totalling about tween 1940 and 1950 le put at

cent by Devereux 500,000 tons. The project was per abandoned because the are

Vice-

COMII***

31

New

of the Life

BIG VARIATION

The Fisher, Budge and Neblest study also stresses management's

most of the contention that' productivity increase is due to more efficient machinery.

two

In Ceylon, an expert on serial Is. advising the annual total yield of the respec-authorities responsible for that tive grados of land.

country's planning and develop-

4. Tenant farmers are entitled to pay in 10-your instalments for land they are allocated from the Nationalist Government.

CANNOT REFUSE

†

6. Land tilled by hired hands spent

after administration. may be leased to them, the Nationalist Government re-

with

THE DIFFICULTIES

In addition, requests for.equip- meal, estimated to cost up to £1,000,000, are at present under consideration.

3. Payment for requisitioned ↑ ment programme, and an expert lund will be effected in two on oll burning trawlers is train- portions: 50 per cent in public ing Coylonese engiicers as part enterprises stocks and the other of a scheme to expand Ceylon's 50 per cent on land bonds as fishing industry.)

The U. K. collateral.

Govemment has also been asked to provide, under the Scheme, focilities in this country for training 613 students in technical or professional subjects. Of this total, facilities have been arranged for 240 have trainees; some of them 1. Unrequisitioned land may

their training and land completed from the be purchased owners after one year by the returned home, but the majority tenant farmers will a loan from

are still

still in Britain. Among those who have com- the Nationalist Government, The

12 their training are land owner cannot refuse to sell-pleted

Pakistani civil servants who the same to the tenants.

Ave months studying

Britain is also helping in the In just one field, that of officequisitions the land from the technical co-operation scheme by providing tools and instruc- 7. The Nationalist Govern- Lonal inedia for the training of personnel of Insurance panier, the gain in efficiency de- mant entitled to

men "on the spot. Examples of requisition land required for urban plan- the holp It hos given, or will wasosephu, President of the Newing, for industrial and business give, in this way are: machine

for the enterprises, or philanthropic and tools, worth £35,300, considered of inferior quality. York Life Insurance Co.

educational organisations.

new Indlan

Institute of The Nationalist Government, Technology; training equipment, The

gain told the meeting Korean war ensphasised the need for inore Office Management Association according to report, will re- worth an estimated £100,000 for

of 180,000 hectares copper. Magma was requested to in Atlantic Cliy that most of this quisition

five proposed technical high provide the Government with is due to the mechanisation of land on Formosa and required a additional facts

total of 1,600 million Formosan schools in Pakistan; equipment San office work. un the

dollars

for a Angace to

the

thoracic surgery team pro- Manuel area.

which has been sent to Coylon. Gusa, Wesley P.

gramme, President and General Manager

It hopes that 900 mon Formosan dollars will be raised of

Magna, jumped into the situation

after

from the sale of public enter- two months

prises, United Nations

the rest to be troops moved into Korea, He spent $10,000,000

furnished tran American aid funds through the resistance of proving to his company and the Federal Government that the

the Joint Commission of Rural Rehabilitation-Reutor. San Manud copper could be of Labour Statistics report on 20 that in one mined profitably. The ecmpany Industries show requested an RFC loan of decade an increase of 180 por $112,208,000.

cent in productivity is shown by one industry, while a second had QUALITY HIGHER Without waiting for the loan only one per cent, and a third to be granted Magma bought 82 lost 14 per cent in output per

man-hour.

this Because of five unpatented patented and mining claims, including the red Variation, the study questions how valid any over-all national hill; it took over 135 lode mining

lease from the percentage Agure would be. claims under

Labour's argument for tying State, and bought 20,358 seres

rage increases agricultural and grazing land

to productivity for wage

gains is this: Workers' standards the plant and town site.

Some

130

ware of living should improve as the men

continues to established at the mine site. The nation's economy doubtedly land to high prices ties to set up factories in Egypt No. 1 shaft was sunk into the spread. Otherwise, the benefits

of continued

will for those protected commodities to manufacture rübber and tin

national growth red hill. It went down to 1,643 of ut home and consequently it goods, the British-owned news- feel. The No., 3 shaft, half mile accrue solely to employers in profits, will only benent a few paper Singapore Free Press re- to the east, was completed this the form of increased

Industrialists and ported today. "privileged

while

share the employees' year to a depth of 2,075 feet, Jet the general consuming public The paper sald the offer was At present the best mine dwindled

proportionately. suffer.

mede yesterdiny, by Mr Abdel

long-suffering public's 1ft only about 15,000 can The Journal pointed out that Salam Mokhtar El Miniawi, the ions of ore per day. San Manuel side: Part at least of decreased due to the unsound economic Egyptian Commerelul Attache at

through utpul gains ore inust be removed in almost costs policy, Taiwan's

presont pro- the Embassy in Now Delhi.

this quantity double

60 twin should be passed along in the tion is already meeting a Mr Mininwi Was going to

shafts, will be sunk. Drifts, or form of lower prices or in im stalemate in the foreign market Singapore to attend d rice con-

goods and tunnels, will be cut to the heart proved quality of and godowns here are being ference,

of the ore body. Ore will flow services.-Associated Press. He said facilities were being tooded with huge supplies of

to help industrialise by gravity to underground rail- exportable goods with no outlet given

way trucks. in view.

drifts now being cut "Malayan investors would be

to have shown that | arc of best allowed to own 51 per cent

the ore is higher in quality than polley to force people here to the capital and to rond the pro-

at Arst Unught. their bells for fits abroad, he said, Reuter, further tighten

diamond drilling and churn the Increased drilling have proven oro reserves to 111,870,- 000 tons of oxide orc and 367,024,000 tons of sulphide ore.

Associated Press,

The Nationalist Press today continued attacking the Government's "unsound" economic policy.

The Press alleged that it is "evil" for the Government to lend protection to certain industries at the expense of the people's welfare and attempt to increase production by means of exercising the "austerity movement."

Its

The Financial and Econorale Monthly, commenting in November isaje, said, "Ali effects resulting from unwise protection of industries in the islund will tend to endanger economic stablilty and cause undue sufferings to consumers. "

The magazine declured that

the protectivo policy will un-

Under such circumstances, the Journal asked, is it the

the sake of increasing such out-

put?

And how much can the peo- ple really save that it may be dermed ne helpful and vindica- tive to the

cause?

conclusion,

"It blamed

responsible Government officials

Egypt's Offer

To Malaya

Singapore, Nov. 13. Malaya has been offered fucili-

Egypt.

Metal

Market

shafts

New York, Nov. 19. Prices in the metal markot closed unchanged with the fol- the towing exceptions:

Beryllum (10-12 per cent) for allegedly "neglecting bigger per ton; $48-47. issues at stake by hanging on Lead, common, New York, smaller matters which at the end per lb. 14.80 cents.

Scrap lead, FOB, per ton

$11.25-11.73- Consola (heavy soft) United Press.

may not be tar-reaching chough

to remove our economic ills." United Press,

DA

JAPANESE BONDS

London, Nov. 13. Japanese bonds "AW ( b2 1199) (8715 (61. of 1901) £34 PD56 of 1931):1 "E" (93%. of 19391 1892 ...... 00-01/14- United Press.

It also notes that the Bureau

The

LONDON TIN

MARKET

London, Nov. 13. The tin market was steady this morning. Turnover was, 55 tons Including ve fons for cash. Pelecy closed at the end of the

semion morning

melal

follow

Spot in, buyere Spot in, salen

Business done w

Three-monias, tin, bovers

Three-months un, mellers Burine-dono' et

Beillement

**

Licences For

Imports Of

Jap Textiles

The report concludes: "Techni- cal experts are in demand ull over the world, and there are many difficulties in the way of Anding suitable men or teams of men for particular projects. To overcome this dimcully, in certain cases, the United King- dom Government has offered to wom

the consider requesta under

for Scheme

the services of British Arms of consulting fachnical other

or

Textiles engine. A number of such

requests have been received, Singapore, Nov. 13. some of them relating to major negotiations on Applications for licences to projects, and import Japanese textiles in the them are at the moment in pro- Brst half of 1953 will receive

gress with the Indian, Pakistan quotes caual to about five por and Ceylon Authoriiles. cont of their global imports in Mr Wilson sald that although 1930 and 1951; It was officially

the Schemo has been extended stated yesterday.

for an extra four years, no need The Controller of Exports and

for extra funds, above the Imports, Mr W. H. Walker, sald

£0,000,000 originally subscribed that applications and also been

by various Commonwealth renewed from 90 new Singapore countries, has yet arisen. firmy.

They would get a quota,, ho sold."

The total Malayan quota for Japanese textile imports for the Arst half of 1953 1 40 million i dollars.

A portion of this will be Kft. alloted to the Foderation, other portion set aside for now Singapore businose and the rest to the 301 applicants.-Nou. ter.

1

Copra Quotation

New York, Nov. 19., Copra was quoted today at $195 per short tán, askod. Cocoanut ell-wis "quoted at 14%; conta a pound, asked.— United Press,

MALAYAN RICE PLANTING

TEL. 28015/18.

CHINESE AGENTS: 82 CONNAUGHT RD. C. TELS. 31190, 25183

MAERSK LINE

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

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

M.S.

* Calling Vancouver'

Nov. 18

Dec.

2

Dec.

16

ARRIVALS FROM U.S.A..

"GRETE MAERSK"

M.S. "JEPPESEN MAERSK"

M.S. "OLGA MAERSK"

SNG

Nov. 18

28 Nov.

Dec.

18.

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN &

Pedder Building.

CO.

Tel. Nos. 36006-9.

Dates and rotation subject to change without notice.

At liberty to proceed vin other ports to load/discharge carso,

HONGKONG

SHARE MARKET

(From Our Correspondent!

Business done on the Block Exchange this morning amount- ed to $103,303.05. Noon prices and the morning's transac tions:-

SHARES BUYERS SELLERS KATER BANKS

HK Bank Ex Ada INSURANCES

Canton Union SHIPPING

Waterboat Asia_Nov. DOCKS, ETC.

... 1418

*140

JO O TI

13

..:1.40

The Rubber

Markets

Singapore, Nov. 13. Prices of rubber futures closed today as follows:- Number 1'rubber, per ID.

December January February............ Number & rubber, December Number 4 rubber, December Number rubber, December Epot rubber, undsled Bimket crepa No. 1 pale prepe

08-70 103-100

alled Press. NEW YORK MARKET

New York, Nov. 13. Prices of rußber futures closed unchanged to 20 lower with sales totalling 84 contracts. Profit-taking and hedge selling 21.10 21fj 2000 a 21,34 dominated in mixed trading: Truvidens... 15

K. WHOTlf.

N. PL

Dock.....

Shad Dock

Wheelock X 6034

LAND, ETC.

HK Hotel

JIK Land (0)

Land (N)

Thumpitreys UTILITIES

2400 1.00

November December

January

February

March

April

675

May

20 Bats June

July 100 57 S'hat Land 197161.33 2000. 1.30 August

13.30

20.10

P. Tram

Star Torty

117

C. Ligm (0) 9.70 0.7% 1000

29,50 20.70 min)

20.03 nominal

27.30

20,80 nominal 20.30 bid 28.02 norefnal 20,75 List

23.55 nominal

September October 20,30, Noyember

December

26,35 nominal

23.33 nominal

29,35 nominal

25.39 nominal

23.35 «uminai

February Boot

25.35 nominal

2011 Dominal

་

United ProAN.

20.30 | January

150

4000 + 9.73 1.

400 20

C. Light (N) 0.40 0.00

500 0.45 Electric ..... 22.00

2005 48 22.00 Triophone. 1740 173540071 INDUSTRALS.

Cement ** 10 18.20 2000 @ 10: Stope

20

STORES, ETC.

Dabay

19.40

Wation

I. Crawford 20:00

Emporium .Bun Co. COTTONJ

212.30 500

..LONDON MARKET

London, Nov. 13.

Prices of rubber futures closed

as follows:-

Number 2 rubber, in pence per lb. December

January/March

April/Juno

do July/September

-United Fre

Weekly Bank Statement

Kuala Lumpur, Nov. 13. To meet tho prosent shortage of rico which is likely to con- tinue with the progressiva ine. creaso

in population, the Federation Government has appointed anineman Rico,

London, Nov. 18.0 Committee in an effort to

The Bank of England, states mient for the week ending 'In Molaya during the next three yean Committee will consider

Business is done in the local November 12 reads as follows;

This Notes în circulation unofficial exchange market

Public depotta ways and means, whereby the mormius at the following rates

11,8. dollar (per $13,EUTERO 2017 | Private deposits

Government securities acreage planted and yield perfeiting note sper: #1)

Other securities hero can be materially increased Indonesian saliders, iner: 100)

neceifte within the next three years

elam tical iner 100) Ringapore (Straits) Reuter,

PIC plastres (per 100)

accelerate the planting of rica Exchange Rates

Tho

53.00

Bank ratio

£1,433 234,000

-300,995,000

42,700,000

**United Press,