1952-11-18 — Page 9

MESSAGERIES MARITIMES

M

Arriving

Lanving

Jan. 27

"LA MARSEILLAISE" .DK. 4 ner. "FRY-HIL£" katanamo Jan 21

"ST-MARCOUF"

M®

Gutward For

Yokoliani & Kode Japon

Homeward For

IN.

S. Action & Europa N. Atelen & Europé Markelides via bianila

Nov, 1 Nov.- Keelung Hunkong Nov. 21 Nov, 21

Dec,

fall

Dec. 18 JAZZ, J

0

N. Atritu & Eureße

*PEI HO”..................1‹Dec. # "LA MARSEILLAISE".Dec. 15 "MONKAY"

For passenger and freight.

† For freight to Saigon, Marsellies, Algiers, Tangier, Casablanca,

Havre, Dunkirk, Antwerp & Rotterdam,

·

Accepting cargo:

---vla Marseilles to all Mediterranean & West Africa Porta. -Via Djibouti to Madagascar.

Subject To Change Without Notice,

CIE DES MESSAGERIES MARITIMES

P.O. Box 53, Hongkong

Queen's Building (gr. floor)

EVERETT

E

Tel, 20651 (3 lines).

LINES

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

"NOREVERETT".

"Arrives

Sulle

Nov. 24 from Singapore.

& Nov. 23 for Kobe

"REBEVERETT"

Arrives Sails

& Dec.

from Manilu.

Dec. 9 for Singapore,

Rangoon

Yokohama.

Re

Penang, Calcutta.

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

EVERETT STAR LINE

Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo. *China, Slum, Malaya, Colombo, Bombay,

Karachi and Persian Gulf Ports.

M.S. "NORDSTJERNAN"

Arrives Sails

Nov. 21 from Japan. Nov. 22

M. S. "THAI”

Arrives Salls

for Singapore, Fort Swetten- ham, Madras, Colombo, Bombay, Kurachi, Khorram- shahr, Basrah & Bahreini,

Nov. 24

from Singapore. Nov. 25 for Kobe

&

Yokohama,

(Acccping cargo for iranabipment Kobc/Pusan and Kobe/Okinawa)

EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telophone 31206. Chineso Department: Tolophane 28293.

In US

Indebtedness In US On Increase

New York, Nov. 17. * Americans are going into debt at a record rate, Private debts has doubled since the end of World War II. The rate of increase is the steepest on record.

Corporate debt has climbed 82 per cent. Debts of individuals and unincorporated businesses have gone up 120

cent. Together. these per

groups, owing $141,000,000,000 in 1945, now approach a debt total of $300,000,000,000.

the Add

the nearly Much of the debt is in to this

that the form of investment in plant $265,000,000,000

Many Federal Government owes, and expansions,

hold that Industries now have the State and local Government certain indebtedness of $27,000,000,000 much greater production capaci- (twice what it was in 1945), ties than present civilion de- and you have a total of around mand justifies, $590,000,000,000.

THE CHINA MAIL, TUESDAY, NOVEMBER 18, 1952.

Request To

Importers By Ceylon

Colombo, Nov. 17;

The Carlon Government today afted Importers, to cafeel all orders for textiles from European couhities for which fellers of cred have not beek opened,

Usually reliable sources sald the order, was

mada because licences for textile European from imports countries, including France, Italy and Swizerland, had reached the facial mile fised

by Government,

Weit Germany is not order. affected by the which will remain in force until June, 1953,

the Certai

A West German trade delegation, which is now in is understood to Ceylon,

Ceylon have Lold the Government that the un- satisfactory volume of Imports was due to jis policy of issuing licences exclusively to Ceylonese. ---Reuter.

Lord Lyle On Sugar Rationing

London, Nov. 17. Dritain was the only country to ralion sugar although there was now a world surplus, Lord Lyle. Chairman of the West Indier Sugar Company and Pre- Aldent of Britain's biggest sugor refining company, mid today.

If Britain derationed sugar, he said, the extra supplies needed would not come out of the air."

Unless Sterling Area countries reduced their cuntianption, Bri tain's additionsi requirements would have to be bought and paid for with dollars.

It sugar-importing Common- wealth countries or producers were aware of the British house. wives' sacrifices they

would

the loud, he ecrifnued.

"Lyle

vle said the Inter- national Sugar

gar Council had re- production in main contreding countries, I

solved in

of which Cuba, anticipating the control, had said it would re- duce its crop by two million tons next year.

UNTO-

He agreed with the Ministry of Food that Britain's tioned sugar requirements would be 2,550,000 tara.

This figure would be imported next year but not all available Commonwealth supplies would come to Britain,

Forecasts Of Good Business In America

New York, Nov. 17.

Largest B.I.F. Ever

London, Nov. 17. The Commonwealth Ree. tion at the : "Coronatión” British Industries Fair next

Page

ROYAL INTEROCEAN LINES

"TJIPANASHA

"VAN BIBUTIER

"TUWANGI

*TARMANS

"TJIPANABLE:

ALLINGE

Dec.

nic. 1 Dec.

DEC.

“TEGELBERG”. *STRAAT JOENDA" Dec. 10 "TJILUWAJI “TJITIALENGKAa "NUYS", "TITKAMPERY #DDIANNYAIN"

TARMAN"

Good business forecasts have flooded the May will be the largest in its history. Domirilis and market places during the past week and industrial Colonies are taking more production lingered around a post-war high. stand space-a record total Defence output accounted for a steadily growing of 9,200 square feet au share of the nation's work. But civilian goods out-against 7,500 at this year's MENTENG". put was also high.

Even textile manufacturers, who have been living with a hand-to-mouth demand in recent weeks, saw signs of botter business ahead. Cotton textile buyers inquired more actively about prices on first quarter deliveries next year,

Appara makers worked

on least mean a more friendly at-

Fair.

TJIWANGI" theBODA"

Preliminary pland for Section were disused In Loaddit meeting of repetentatives of the Commonwealth exhibitors.

A number of these representa- tives commented on the Highly successful returns from the Fair in recent years.

West Indies representativen japoke of business inquiries from

an imposing stack of orders for thude toward business an all over the world which had Autumn and Winter clothing Washington with the possible resulted directly from the Fair. and

reported

wool texile result that this means

greater Only

contributori lo the Compath shortages were forcing post- willingnies to expand

Bection in ponement of deliveries of many Joseph M. Dodge, Detroit recent years not taking part next types of goods.

Banks President, conferred with year is Nigeria. the

Budget Director In

Matige would express no

The concensus was, that busi- ness would be brisk through Washington as the Eisenhower the first half of 1953. There Administration's advance finan- was somewhat less pessimiancial scout. for the days after defence spending begins to thin out.

A. W. Zelomek, president and economist of the Interna- ilonal Statistical Bureau, Inc., put it this way:

"1953 will not usher in major recession or depression. It will be a period of relative stability with the trend veering moderately

tower at the end of

The year.

Businessmen who are mem- bers of the Commerce Depart- Business Advisory ment's Council were reported to be agreed generally on a good out- nine look for the next six or months at least.

WIDESPREAD BELIEF

Some of them admitted the Republican victory had heightened their optimism.

There was widespread belief the election results

that

INVESTORS

IN EMPIRE COUNTRIES

London, Nov. 17. British Investors in many are finding Empire companies that they are getting even less Lord Lyle id efforts would Information from the directors boards be made to send as much than they do from the Commonwealth sugar ar possible of comparable British concerns, to Canada, on which the true-writes Ernest Eve in the London ture of the Commonwealth Eugar Evening Standard Agreement deperated.

Canada bald for the sugar with dollars, which bought more sugar-Reuter.

Planning More Food For World

case

opinion nor wound he partici- pate in discussions of budget items being prepared by the Truman Administration.

He

will be just an observer but he assumes he will gain impressions of possible modi- cations and will relay these to President-elect Eisenhower.

Washington

officials sald everything points toward a new spending budget well above the! $70,000,000,000 charted for this fiscal year,

PRICE CONTROLS

Exact Republican aims were not known but most sources be- Heved Mr Eisenhower would try to get below that figure.

The Gold Coast, Slérra Leone, Northern and Southern Rhodesia, Hongkong Malaya, Cyprus, Trinidad. Barbados, British Guide Chris

Vincent, St Lucia and Dominica are all to be represented at the Coronation Fair.

The West Indies Sea Island Cotton Assortition will again have a stand.

MORE ATTRACTIVE

The Commonwealth section is likely to be more attractively Taid out next year, and to give visitors better opportunities for examining the stands.

Details have yet to be worked out, but the plan is to have the Commonwealth stands around a wide inner court. In that court a central display with a Corona- tion theme may be staged.

The Gold Const, which has Some Congressmen Indicated taken more space this your. they would seek a swift deel-pluhs to concentrate on an in- sion on the fate of price und dustrial theme in her stand. wage controls. And in steel This will include a model of circles

there were reports that the port to be bullt at Tama- plana are already being made part of the supporting schemes

about for the great flextric project. in Washington to bring

£100 milion trank-

nr orderly deco of steel, as Volta hydro-0

quickly as

Special arrangements

Djaketin,” solnárase." Matadała

Ricar

•

Bingapore, Djakarta. 64.z.

Narabala & Macauer singapore: Penank & Belawan Dell DIREZIA MAREKKERiga” Munkala Aténile, - - 8 14ÍNDOL Wakaria, DENNFILIUM; W, Atelex & 8. America singapore & 3. Africa

Anbau

Kajukehad, BUKAISAL.

Blagapore. Djakarta. Bemarang,

Surabala.. Macazar

Dinkaila Bemarang.. Kuradală

Das. 1

Bec, 18 Dec. 20

JAPAK

Гарав

Dec. 21

Jakarta. Dematnog,

Suzabala

Bacaan

Japan

Dec.. # Dec. 21 Jaa.

bati

Juz. +

Jan.

1

Mantik, ... Ning d

*VAN HEÛTRE" "TIILUWAH"

*THIBANTJET"

TASMAN" "TJIPONDOK" "TSIWANⱭl“

Jan.

19

Jan.

18

Jan. 19

Japkil

JAH.

10 23

Feb.

"STRAAT

MAKABBAN

Feb. "TJITJALENGEA” Fab, + 'Feb. 11 Feb. 10 Mat. - $

*TJIMENTANG" "TJILUWAN"

"BOJASEVAIN”

"TJIPANAS"

"Ruid"

*VAN HEUTEZ" #TSIWANGJ"

A

bakaria, Madilim," "9. "Africa di 8. Ainerica

Kingsport, R. & S. Africa

Dakarta,

Burable & MARIKAT

Semara

Raspore, Penang & Detaián Deli

$1Jakarta Semurana, Buradala #

Macasar

Blagapore.

DJakarta. Reha

Burabats & Macassar

Зарад

Singapore, Jakarta. Matritis

B. Artica 8. Amstica Manila, Singaporà a 8. Atilca Bingapore. Bjskaris Semarang,

Burabala "Binoasany Manila, Singapore. Mamaldur,

s. Africa & . america

ARRIVALS

.. Frare

E&B. Aftlea, Mauritius, Singapore

& Djakarta

Фирал

In Port

In Port

Nov. 20

Japan

Nov. 28

stacks, Suraknia. Sommaranty,

Djakarta & Bingapore

KING'S BUILDING, Ground Floor.

TEL. 28016/18.

CHINESE AGENTS: 82 CONNAUGHT RD. C. TELS. 31198, 28138

MAERSK LINE

FAST FORTNIUNTLY SERVICE TO: NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA VIL SAN FRANCISCO, LUS ANGELES AND PANAMA,

NEXT SAILINGS

are to

*M.S. "LAURA MAERSK"

M.S. "LEISE MAERSK”

M.S. "GRETE MAERSK

Steel production was not a be made for muties of schubol- record, according to American children visiting the Common- Iron and Gleel Institute

wealth exhibits. timates last week. But it was well up in the astronomical figures

of

It was stressed at the meeting

Commonwealth

upwe

exhibitors

that with fitcreasing attention to The key industrial and Bhan- Colonial affairs being paid in elal figures were well inter-schools throughout Britain, the spersed with records or near Fair provides the chance of a worth-while live geography" recorda.

Cruide oli

bit lesson-Land Exprise Service. production 6,684,000 barrels, a record high- for the, Ofth successive week.

to

RETAIL TRADE UP

Business loans slood nt $22,449,000,000, a new peak for the seventh suocessive week and an indication that business was borrowing, partly at least,

expand and stack up.

In circulation, was Money Hated at

$20,000,000,000, record for the

week in a row and art indi

Indication

that people were spending.....

and Dun

Bradstreet,

а

the

ди

HONGKONG SHARE MARKET

(Frotti Our Correspondent)

Business done on the Stock Exchange this morning autioint- ed to $420,877,50 Noon prices

This is due to the fact that accounting requirements in most Commonwealth countries are for

than less stringent

they are here.

Take the

of Atkinson Oates, South Africa's largest car distributors. The accounts of this company are more interma- tive than most, but art business reporting service, re- nevertheless marred by the portet! that retail trade absence of a consolidated profit bounded again after a week in

which and loss account.

ich thoppers were by interest in the elections.

Merchants in some

sections BANKS vero beginning to introduce

and cou Christmas promotions, Buters,

said, some responding. Lze shopping hours and relaxeti credit terms were reported to be helping busi- ness.-Associated Press.

As a result of this omission, shareholders must delve into all the small print to get a true picture of duting the past year. of the company's trading experience

If they skip the small print

miss one vital point and they was that the dividends from the

amounting subsidiaries,

£367,940, represent the whole of the subsidiaries' profits for the year and not part as might be inferred at first sight,

Romt, Nov, 17, The 18-Nation Council of the United Nations Food Agricultural Organisation fold today that prospects for bread grains in 1952 to 53 were more favourable than for some time.

tariat.

to

Convened at the FAO head-

It is probably too much to quarters here

to plan for the expect the Empire countries to creased world food output, the copy our Companies Act of 1848 Council is considering a survey to the last detail, but it would be prepared by the FAQ secreto everyone's advantage to bring all accounting practice more into Ine with the British system.

Otherwise it may not be too casy in the future to keep the of investment going be- country and the Commonwealth. London Ext

There will probably be some increase in world production of food stocks during the coming year, the survey said, but there flow might be a slight drop in non-tween this food agricultural products.

But it said Far Eastern Hee press Sarvice.

bre Individual debts have pled supplica would remain

Home

is a like- corious and there up from many sources.

debt increased Bhood

localised that

food is not out of line with the in- mortgage

and year, creased national income, which 30,000,000,000 this

shortages in other creas, notably Yugoslavia and Breall, would

Bankers say the private debt

was $277,000,000,000 last year more than that in each of the and will be higher this year. two previous years,

In contrast, private debt in

1020

$181,000,000,000,

nearly double national Income

of $87,000,000,000 that year.

LOOKS BOUND

Last year 13,500,000 persons bought new or used cars,

and

Some bankers, however, fret about two-thirds of them over the dangers they sea In bought on time. Financirig by the present situation.

credit companies

sales

First, they worry about the commercial banks came rate of growth in private debt nearly $8,000,000,000, -doubled in the last six years. while in the six years before 1029 it rose only 40 per cent.

SHARPEST RUSE

occur.

The Director-General, Norris

E. Detid, salti FAO's budget should be raised to enable the organisation to cope with expanding tanks.

LL

This will have to be decided by the full 88-Nation FAC Con- ference when it meets in Rome

:

diverted

were

Colonial

Loans Act · Amended

Lantion, Nov. 17.

Calling Vancouver

ARRIVALS FROM U.S.A.

M.S. "JEPPESEN MAERSK"

M.S. "OLGA MAERSK”

M.S. "HULDA MAERSK"

Nov. 20

Dec.

Dec. 10

229

Nov. 28

Dec. 18

Jan, 4

For Freight and Further Particulars please apply to panda

•

AGENTS;

JEBSEN &

Pedder Building.

CO.

Tel. Nos, 86006-9.

Dates and rótaflan subject to change withapi beties.

At liberty to proceed vis other perts to lead/discharge cargo,

and the morning's transactions: PENINSULAR

SHARES BUYEN. SELLers sales

RK Bank 1110 Best Asia

160

INSURANCES

Canton ERDOR

JERR Fire

SHIPPING

Asia Nay. DOCKS, ETC.

Wha

N. Pt. Whar£

2.40

DO1

Dock ....... Provider 12.00 S'ha Dock. Wheelock

LAND, ETC. HK Hotel HK Howl (N)

49%

01 0.00 620

Land (0) HK Land (N) Humphreys 13.00

UTILITIES

The Colonial Loans, Bill, the text of which has just been published, amends the Colonial Louris Act, 1940, under which the Treasury was authorised to Joans

to made Colonial Governments bý the International Bank.

The Rubber grante

Markets

Singapore, Nov. 17. Prices of rubber futures closed today as follows:- Number & rubber, per ib.

December

January

February

Number 1 rubber. December BIG-31 Number 3 rubber, December 27

The originat Act does not cover idabs to Goverlimiðht con- stituted for two or more fer- ritories, or to an authority sach as the East African High Com- mission providing or 拉线 ministering common services for two or more Colonial territories.

The 1940 Art: also left roden

83.0511 74-78 the Treasury to guarantee loans 100+110 Clovertmemta of Coibitat United Press.

Writories which enjoy a large LONDON MARKET

measure of responsible Govern London, Nov. 17.

ment, such as the proposed Prices of rubber futures closed | Central African Federation will today as follows:-

26. spot

And

to

at the end of next year.

up

now

$5,250,000.-Reuver,

Spot rubber, unbaled Blanket crope No. 1 pale crepa

Total instalment credit, $2,000,000,000 in a year, tops $16,000,000,000. And total consumer debts (including in- stalment) are put at $32,750,- 000,000.

And the last

three years| have seen the sharpest rise in

debt dobt, Private

Increasing corporate debt is Jumped $30,000,000,000 In 1950, went accompanied by increased phy- up another $31,000,000,000 last aleal assets and inventories. In- brings year, and is expected to increased mortgage debt crease by another $39,000,000,- with it more homes. Higher

instalment debt also 000 this Year: the portion plans; Laticate more care and more home ap-

be at least a fem-pliances,

With national income.

high, post-election upswing

parary

in debt offerings most of them most of the debt looks

to finance expansion plans.

Second bankort worry, lest something might "turn",

ettinomy downward,

репля

sound

bankers debate," how-

the over, in how much longer in-

cut vestiment debt. can expaña national income, and put part without becoming vulnerable. of the private debt in Jeopardy. Associated Press,

FAO's present budget totals Number rubber, December 14 for doubt about the power of

LONDON TIN MARKET

London, Nov. 17, The tin market, was firm this morning, Turhover was 110 tons intluding Ave tons for cash. Prices closed at the end of the omelal momlag Brosion

follows

Spot tin, buyers bot' tin, atflers

thew done at Three-monina 110, Davera, Three-montha UB, Jusiness done at Settlement

Dreamber Kierch/January April/June July/September

2011-

221

The new Bill will make good these omissions, and, at the

QUIS NOS SEPARABIL

& ORIENTAL

STEAM NAVIGATION COMPANY

SAILS:

R.M.S. "CORFU"

NOTICE TO PASSENGERS

871238014 BAGGAGE:

Trans... 2040 20.00 300..> 2011⁄2 1390 20.50 Shoe Ferry

140 C. Light (0) 9.10 9.75 $470 @ 9.70 C. LIGAI (N) 640 09

...22.092316 1800 7 23

INDUSTRIALS

Clanch Ropo STORES Dony

200

300 Makso... 25.30

Crawford 39.40* COTTONS

a 130 1600 MISCELLANEOUS

Yangista 1. 943 580 9000

100

1.30

Exchange Rates

Busines, was done, in the local LATIOFICIAL exetlange tharket this morning at the folowing rates:-

0.00 US. dollar (per $1 Sterling noto (per 23}

15.54 Indoneen guilders (per 100) 27.40 $4.00 Slam Boris per 100) singapore (Straits)

FIC plastres (per 100)

SPECIAL NOTE:

FRIDAY the 21st November at 12.00 Noon for the UNITED KINGDOM vin Straits, Colombo, Bombay, Adan and Port Said,

ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at No. 2 GATE, CANTON ROAD ENTRANCE' by NOON on THURSDAY the 20th, November, 1952.

With the exception of hand packages carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading on board by ship's slings only. BAGGAGE COOLIES WILL BE REFUSED ADMITTANCE TO THE WHARF.

EMBARKATION: Will take place FRIDAY, the Eist NOVEMBER, 1952 between 9.80. aim, and 11.00 a.m..

SWING-O-RING STUDENTS

221-24 samo time, provide for - JAPANESE BONDS | NOTE BOOKS

United Press.

Copra Quotation

El New York, Nov. 17.

$200 Ber short ton, nominal. Coconut oil was quoted at IB 3.42 cents a pound, askott-United

Prese

Pren,

crearing the maximum amount

off und Zuarinised from 30%

000,000 to £100,000,000,

A the International Ban Japanese bonds normally requires repaymenta

of principal Infertat and other

London, Nov.-17.

THOM (OSITIOF 1907).

of 1010)

of 1986)

10811

108

80% Pros

the Govertiment has decided that sinking funds are unneces sary. The Act of 1940 will be Consola amended according

IN THREE COLOURS:

$6.00

REFILLS $1.50

6. 0. M. POST.

“HONGKONG and KOWLOON.

PRESS PHOTOGRAPHS

Coples of photograpka faken" by the South: China {Morning" Post, South China Sunday Post-Harald, Kha | China | Mall - Staff.: Photo=" graphers "are" on vlaw Ins the Meshing Post Building.

ORDERS BOOKED.