1952-12-10 — Page 9

THE CHINA MAIL, WEDNESDAY, DECEMBER 10, 1952.

MESSAGERIES MARITIMES More Rice For Trade Drive In The ROYAL INTEROCEAN LINES

M

"FRY-BILLY"

+PEI HO"

Arriving

KERALA JEM." 20

4

JRIT: 24

....Dec.. it Dee. 12

*LA MARSEILLAISE”, Dec. 15 Dec. 18 +"MONKAY”

"ВВЕСТ

B

JIA, ...Feb.

Jan. 4. ↑ Feb. 10

For passenger and freight

M

Outward For

Japan

totheward Yo

N. Africa Forope Birsellies via Mahila N. Attica & Europe

N. Africa & Barope

For freight to Saigon, Marseilles, Algiers, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdato.

Accepting cargo:

-vis Marseilles to all Mediterranean & West Africa Ports. --via Djibouti to Madagascar.

Subject To Change Without Notice,

CIE DES MESSAGERIES MARITIMES

P.O. Box 58, Hongkong

Queen's Building (gr. floor)

EVERETT

E

Tel 26651 (3 lines).

LINES

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

Chittagong.

"REBEVERETT"

Arrives Salls

•

Dec. 12 from Manila. Dec. 13 for Singapore,

Rangoon &

"LENEVERETT"

Arrives Sallo

Dec. 17 from Singapore.

Penang, Calcutta.

Dec. 18 Kobe, Hirohata, Yawala,

Osaka, Kobe 8. Nagoya;

(Accepting cargo for transhipment Kobe/Pusan and Kode/Oklusawa)

EVERETT

STAR LINE

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

M.S. "STAR ARCTURUS“- Arrives Dee. 12 tram Singapore. Sails

Dec. 13 for Yawala, Hirohata, Kobe, Osnica, Nagoya & Yokohama,

M. S. "THAI”

Arrives

Solis

Dec. 20 from Japan. Dec. 21 for Singapore, Port Swetten- ham, Madra", Colombo, Bombay, Karachi, Kharram- shahr, Basrah & Bahrein.

(Accepting cargo for travliipment. Kobe/Puan and Kobe/Okinawa)

·EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telophone 31206.

· Chinese Department: Tolaphono 28293.

Wants Price AMERICAN

to

Of Gold

Increased

London, Dec. 9.

of

EXPORTS OF RICE

if the price of gold were raised one-hundred-pound to a reasonable level, according milled rice for export during

Dr J, A. Dunn of the the dret quarter of 1953.

The Government is control- Australian Department National Development,

ing

exports because supplies not large enough to meet Dr Dunn declared this in a

and ex- paper read to the Commonwealth all domestic, millary section, of the Royal Society of port demands, Arts last night,

This brings total rice allocated (Commmonwealth Finance for export from the 1952 crop Ministers meeting in London to 14,140,555 bags.

The allotments for the next decided last week to seek an increase in the gold price.) quarter were made at this time,

· Indonesia“

In-

In-

Washington, Deo, 9. Rice Imporis into 'donesia thly year агр

showing #marked crease, with large ship. and ments

Brazil frozz Italy, the Agriculture De partment disclosed today.

The Department Bala that through ́August, donesia bad Imported of 1,300,000,000 pounds xlos edimpared with 845,- 000,000 bounds during the period of corresponding last

year.

Indahesa traditional source of rice l

Anim

and the

Statek

United Krožíkbi

but August, Braill had already shipped 248,000,000 pounds.

the Department

said:-United Press,

HONGKONG

+

SHARE MARKET

(From Our Correspondent)

AHARES BUYERS SELLERS SALES

BANKS

Ink Bank .. 1430 East Asia

Backward Countries By The Reds

BUSINESS DEALS ON A BARTER BASIS

London..

Denial By

World Bank

Mission

Tokyo, Dre. 9. An official spokesman today lented reports appearing in In the trade bid which the Communist coun- London that visiting World Bank experts · had raised ob- tries are now making as a new contribution to the fections to granting cold war, China's relations with the Asian mem- Japan. bers of the Commonwealth are of paraniount im- portance.

The recent establishment of a Ministry of Foreign Trade of the Peking Government reflects both the progress already made and the hopes that are entertained for the future..

The leader of the Chinese delegation to the Moscow conference confidently declared that irade relations between China and the rest of Asia, “and even with countries of Africa................will certainly have a chance of growing in the future,"

overseas

to

Text of the

loans to

reports had only

just reached here as published in London on November 26 (by the Financial Times quoting a

at-

Tokyo correspondent),

The spokesman called tention to a statement, by the World Bank mission now in Japan catégorically denying that they had come to any con-

clusions.

in

Messra John C. De Wilde and Willlom M. Gilmartin of the World Bank, referred in their statement to reports

the Japanese Press to the effect they

had reached unfavourable conclusions.

They said: "We wish to s'ress that we have reached no con- clusions,

pessimistic or op timistic

Bank mission World

"We ore statement continued:

cur studies, It will unable to make

public Lank lending to Japan untli eventual recommendations on these have been thoroughly discussed in Washington

A Foreign Office spokesman said for a

Business done on the Stock

The new Minister of Foreign fabsurd in recaling that as part -Exchange this morning nimount-

Unaza assistance od to $364,402.00. Noon quota Trade, Mr Yeh Chi-chuang, has of

predicted a bright Nationalist China, New Zealand future for Chinese tions and the morning's trans-hnilarly

trade with sent simple farm tools. nctions:-

In the same way, it is harde: India, Burma, Pakistan, Ceylon and indonesia, namning as one of for an Australian "peace-with- circumstances trade" delegate to keep his feet the propitious

Chinese who live on the ground in Moscow then these countries

and are it recently proved in the capital coderstood that we shall be financially interested in Sino- of "the_Near North,"

The East's willingness to do China has just concluded her business on a barter basis is in- nich grain

A special under -

develope

special de-

INSURANCES

Urion

HK Fire SHIPPING

Asia Hay

DOCKS, ETC.

K. Wharf.

if

established д

bo

out

op attractive

ain contract with India tended to have a and has recently become Ceylon's for the best customer for rubber-at countries. prices above

world rates. rices she was recent Aslan-partment of their State foreign rap there was no round once Prelle peace conference in Mee's trade organisation to handle

had the two experts saying capital reached one height of ex- deals of this kind, and for three Japan was not pectation above all others, it years now China has been Carry-feld for foreign capital.

have been the muist

the moment ing on trade with non-t when

countries it was announced that a Communist

almost agreement between Chinu exclusively on a barter basis. SHIPPING DIFFICULTY .1B and Ceylon-the first of its kind signed between China and a

Asian country, South-East Peking Rodio said had been concluded.

8.20 8.23 3700 6 8.30 feet

8.25

192

the

700 790

in

143

+

1.40 1.00

Aslan commerce,

2011⁄2 91⁄2 150 € 91.50

N. P. What 0.45 Deck Provident 12.00 (R)-6.10

20.60

s'hal Dock..

33. 1900 a 13.90 30 # 1.83

0.10

Wheelock

XR & D

32

Whrelock

RU)

11

LAND ETC.

Hotel

* 500 12

200

1000

1500

0000

HK, Lan

(0)

3011⁄2 6112 200 m 00.50

HK Lard

(N)

50

00

S'hai Land

1.25 13.90

2000

UTILITIES

Tram

22:20 2

Peak Tram

33

Star Ferry

C. Light (0) 0.45

200 119 2000 9.45 4.20 C. Light IN 8.20 6.30 300

24 300 & 23.60 001 @ 23.70 1000 23.20

120

Fumphreys

*Flectrio .... 23.80

Maco Ficc. Telephone

INDUSTRIES

735 r 00

1,30

*

Shipping has been a main cause of difficuity in trade be- tween the Asian members of the Commonwealth and the countries of the Soviet bloc.

As the U.S. Is an exporter of

Several Indian and Pakistani euver 1750 13.90 rice to Asla, the Chinese Minister

of Trade must have been close speakers at the Moscow con to open jubilation when he ference strongly attacked "ship- described as "specially note-ping monopolies," worthy" the price

ratio between |tributed-the-lack-of-Indian-Eas! rice and rubber fixed in the Sino- Ceylon agreement.

1000 17.80

are.

PEKING CONFERENCE Sincr

conferences like the one 500 23.00 held in carly October in Peking of such "regionailsalions" world gatherings as the Moscow meeting, they represent intensi- fications of themes already developed.

17,87 (B) M

18.00 19.20 1200 10

20.90 10.20 101

Cercat Rope STORES, ETC.

Dairy Wration COTTONS

Swa MISCELLANEOUS

Tangiste...

Cmwford

4

From the Eastern point of 25200 or 24.0 view, their success is undoubted- ly measured by such facts as the ability of a New Zealand delegate 3.60 5.60 1000 @ 3.70 in Peking to sound anything but

220

Part Of

Restoring Part

Dollar's Value Task Of Experts

New York, Dec. 9.

Restoring part of the value of the U.S. dollar or, at the very least, halting the shrinkage in the value of the dollar, will be one of the big tasks to be tackled by the financial wizards. In the coming year.

And the

and one at.

to the

that

The assumption here was that Japanese Press speculation -which is often altributed to official sources without real autheity-had found its way to London-Reuter.

Trade Talks

To

Be Held

In Tokyo

Tokyo, Dec. 8. Talks for the conclusion of n Jupan-Pakistan trade agree ment will be held here from December

according to

Government

from the Spring because Japan

Gerinan trade

trade entirely absence of

regulat

contact be- tween the two countries.

beliet widespread Western shipping concerns are responsible for the tallure so far: of dellevery to be made of the 100,000 tons of steel the Russians offered to sell Pakistan at the Modeğw conference, is also

sources. known to exist in Asia,

The talks had been postponed Again, the Eastern bloc is

an answor to offering

tho had not settled on the amount problem: its own merchant fleet.

of her purchase of Pakistani Germany and raw cotton. Foland, Eastern Hungary are all now building

However, Japan recently con- Two Polish tracted with Pakistan ocean-going ships.

un flie shipping companies are operating purchase of 400,000 bales of nearly 20 regular lince to India, raw collon, thus paving the Paklatan, Ceylon, Burma, Hong-

way for holding trade talks. kong, Singapore, Australia and

The proposed trade agree- South Africa-The New Comment

will provide for the monwealth.

amount of Imports and exports. for

beginning January 1

The Japanese Government, according to these sources, hopes for mutual trade amounting to £38,000,000 uñnually-France-Presse.

TRADE WITH CEYLON *****

Colombo, Dec. 9. China is willing to reduce the price of rice and increase shipments to Ceylon, a senior Ceylon Government official said today.

A trade agreement is now being_concluded with China by an official Ceylon Government milon in Peking, the official

sald.

Information received from Peking indledted that China has agreed to supply 30,000 tons the original more rice than quota of 200,000 tone annually

for Ave years-Reuter.

Johore For

Year

World Output Of Rubber

0:1

Washington, Dec. 9, The Commerco Department announced today that the world production of natural rubber totalled 185,000 long tons. in

Bauxite October

Japan

SAILINGS

“ITRAAT BOENDA" Dec. 10- "TJIPANÁS" ·

"TJITJALENGKA” "TJILUWAU"

"RUTA"

***TJIMENTENG"

"TASMAN" *BOIAREVAIN" "TJIWANGI".

Dar.. 12.

**

་

Kingapore, N. Africa & E. Afiten Ningapore, Bjakarta, "Ekerikora. ·Semarang,' 'Korabala

BIRCHERY

Manila, Japan. Singapore,

...I'alembang,

KIDEEDOFE, DJakarta, BucurTang,

Bŭrabala "Maculiar

DjRKATIE Semarang, Surabala

Sincasar

BYANUN, Hingapore, Djakastā,

hiwuritius, 6. Abrien ☎ 8; Ämerica'

Ringapore, Penang & Belawan Dell

Murabala & Maraisar Djakarin Semarang, Aurabatu

Singapore, Penang. Belawan

Deil

· B&B, Africa

Kingapore,

Jakarta,

Bemarang.

Der.

13 Dec. 16.

Djakaria, Wuzabala & Macsar

Semarang,

Пес Dec. 24

Заран

Zajan

Dec.

Japan

Des.

Japan

JADA 1

"TJIBODAB".

Jan, 7

RUYS"

zan.

B

YAN HEUTSZ"

Jan.

10

*TARMANN

Jani

13

**TJILUWAD"

.Jan. T

"THPONDOK*

Jan.

Macassar

**TIIDANTJET “TJIWANGI

"TABMAN" "STRAAT

JAD.

*

Japan

Feb.

t

Bingsbure,

Feb.

4

Japan

MA KAGBAR" “TJITJALENGKA"

"TJIKAMPER”.

"THLUWAS"

**TSIMENTEN(" STJIBANTIPT".

For.

Japan

Feb,

Feby

"TASMAN **RJIWANGU"

*Feb. 14

Feb. 28 Jeb. 23

Feb. Kar

"STRAAT SOENDA" Mar. 4 "HUISBEVAIN"

"THSADANE”

23

atst. 0

**TIPANAR" "THLUWAR"

Mar. 10

Dec. Dec,

"TJITJALENGKA" Dec. 14

"TJIMENTENG" Dec. 23

DJakarta.

"Durabila & Sincassar

Singapore,

Djakarta,

BeATAD

Mavricing,

4. Africa & B. America Djakaria, Semarang. Burabala

Macassar

Bingapore, Djakarta,

Hrabal & Massa

*

Bemarang,

Manila, Singapore, B. & A. Africa Djaksim Semara. Borabala

Macaster

&

Singapore, Penang & Betawan Bell Bingapore, Jakarta. Bemarang.

Burabala & Macassar

Japan

Manila,

Singapore,

Djakarta,

Mauritius, B. Africa & 8. Änterles

Japan

ARRIVALS

.. Japan

7

From

Semarang,

Macassar, Surabala,

Jakarta & Singapore 6. América, S. Africa, Mauritius &

Singapore

&

8. Africa, Mauritius, Blakarta Hingapore

TEL. 28015/18.

KING'S BUILDING, Ground Floor

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

MAERSK LINE

FAST FORTNIGHTLY. SERVICE TO;

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "GRETE MAERSK" "M.S.

"JEPPESEN MAERSK" M.S.. "OLGA MAERSK”

CALLING

VANCOUVER

ARRIVALS FROM `U.S.A.

M.S. "OLGA MAERSK”

M.S. "HULDA MAEBSK”

M.S. "PETER MAERSK"

Dec. 17 Jan. 2

Jan. 18

Dec. 18

Jan. 3

Jan. 16

For Freight and Further Particulars please apply to:

AGENTS:

JEBSEN & CO.

Pedder Building.

Tel. Nos. 86066-9.

Dates and rotation subject to change wilhant · notice. at liberty to proceed via other «ports to load/dlicharge cared.

Industrial Output

Rising In America

New York, Dec. 9% Industrial production is at a post-war peak and the Federal Reserve Board says it is still on the rise. Many companies are considering expansion plans. ↑

Confidence continues in the air. Almost everyone feels sure the first half of 1958 will bring good business.

Lewis,

by

#

the

The dollar now buys scarcely more than half as much Washington, Dec. 9. Australian gold mining would The Agriculture Department in goods and services as it did before. World War II. show strongly renewed activity allotted yesterday 4,005,000 People now past their working years find their pre-war

bags of

savings shrunk-sometimes to the point of poverty.

Some economists feel certain, in competition with business, The Inflation that brought this that the U.S. gets "mare defence

The January-October total that the high levels of business usurped the

powers

of Style amounted to 1,445,000 tons, a

activity can be sustained beyond governments, encroached on in- about seems at last to have been for fewer dolars."

decline of eight per cent from halted. The problem now is to fact that billions of dollars have

the end of heavy defence spend-dividual rights and fomented protect the value of the dollar been appropriated but are still

the 1,870,000 reported for the ing. Even the more pessimistic class hatrod. and try to restore, some of its unspent will let the 'new Con- gress see it It does not want to

same period in 1981.

think any let-down may be mild.

Sinclair

Boston renege on some prior cppropria-

Singapore, Dec. 9. U.S. Imports of natural rubber lost purchasing power,

Leading nonclal figures are

Malaya's only bouxite-pro- | amounted to 55,089 long, tons

The National Association of businessman appointed Secre

Commerce at work on this problem today. tions by pruning back on plans

ducing minc, the

Purchasing Agents, the men who tary Rumania during October, bringing the 10. Most recognise that Government already approved.

D. Eisenhower, for the nation's Dwight Then the Bank goes into the Bauxite Mine, has agreed to nontha total of 1951 to 670,111 buy materials fiscal policies played a leading

who believed ore long tons. This compares with factories, reported back orders the man bringing role in

dollar,

pubilc debt. It notes that since to Japan in five months. 55.215 long tons in October are high and production is in present level of business activity 1945 the gross volume of pubilc A Japanese liner, Shirakani- 1931 and with 031,774 long tons step for the first time since the can be sustained.

Even if the rearmament mo- start of the Korean, war. 10 that importing countries might

William McChesney Martin,

is slowed up rather development of continue their buying operations Jr., Chairman of the Board of debt-instruments Issued by the san Maru, has arrived off the for the 10 months total of 1951.

gramme of Penggarang, U.S. Treasury "runs to the fairly const

World consumption of natural Johore, without interruption.

Economisi agreed the Eisen-drastically, he said, business can Governord of the Federal Reserve

Incredible total of $900,000,000,- to take the first consignment of rubber in October amounted to that returning first System, says

hower election has had a good take up the slack.. tons for 0,000 **free

cumulative 10 months total to

He added that "The need for floating these Light Metal Company. Vippon 120,000, long tons, bringing psychological effect on Easiness," Deferice 2,100,- sncial controls to

as population market system, and away from

mine to 2,000,000, tons, down 6.3 per cent

The latest actual figures on increases and advance in new mani- billons time and agolt has pro too much Government

industrial production generally products, and technical develop- stopped the Federal Reserve from But he outlines two serious taking detions which could have of-xite. since the end from 1280,000 tons estimated in

war the ·company has | January-October other pulation, should do the trick.

1951-United were in the October report of the ments continue, "we can carry

on our business Federal Reservé Beard,

cycle.without The Federal Reserve index of those great falls and rises in the anandlal problems of the coming given a heavier content to the now a stockpile of 20,000 tons, Press,

a Director said yesterday.

The mine has been operating

industrial production was 227 in levels of economy." Associated

was climblug in November,

Dr Dunn said such activity the Department said, in order that shrank the on the inflation; problem of management of the supply 50,000 tons of the

would

would cive on impetus the Echeral

Australia.

There were known deposits

The aliotments for the

of

which would be brought into quatriment Included:

1053

production and a large part of Australia still required detailed 000 bags for infiltary Investigation,

granimes; Beiglu

He added that extensive areas 25,000; Switzerlarid of the world requiring economic European countries 5,000; Cuba development were being held 1,175,000; other Western buck by an artificial price. spher

countries 85,000

Dr Dunn said it was doubt kong 200,000; Japan 300,000 ful whether in the last 50 years Indonesia 200,000; Middle East the toto! profits from gold arers 15,000 and Republic of mining companies had ex Korod 200,000,--Associated Press,

'ceeded; the total capital invested

in the industry. during -that

perlod-Beuter..

LONDON TIN

MARKET

London, Dec. 9. The tin market was neglected, Turnover was nil. Prices closed

at the end of the officiat morning

zession 'tis (blkávén:-

spot tin, buyers

armantsiin, bugzeu

potreilers

Huainans done at

Battlemens

|

Rubber Futures

In Spore

Singapore, Dec. 8. Prická of rubber futures éfaced to lay as follows:

Womber 1_rubber,

part, January

February

March

Number 1 rubber,

January

949

| Number 3

15%

Janunty Number

Blanket cre

Ува

000,"

1952 dollar," the Bank holds.

SEEDS OF INFLATION

The only

produce

the

The amount of debt redeem- since August with a pilot plant. New York Sugar October and the Board saldi Frees.

1. The prospect of a sub- stantiai deficit in the Federal

able on demand or corning due-Reuter, Budget," and

2. The recurrent task of re- within the next five years is funding large amounts of matur $213,000,000,000 or four-fifths of the total US. debt row outsland- ing Government securities."

Both of these would start in- ing. fation up again, and thus further. So long as such a large floating debt bangs over the financini the dollar.

AVÕIDED BE

Exchange Rates

the National City, Bank so the bank contends, the morning at the following rates:ma

of further Inflation will of New York, in its December always be at hand. It ungis that lotter, says both could be avoided, Treasury fund us much of this the new Secretary of the and that actually the dollar's ***60

possible by proved if Acating : debt

will converting it into long-

pra

-value

Government.cul policies

reverse

ES

Government * securities, The Hans wants the Federal ferably of the sort that investor

eurb

create expansion, will put

and says it still has fools to do trille Ne

that, despite Congressional action

subser credit

Such a fiscal policy, the Bank

Futures

'New York, Dec. 9. World sugar futures closed Busines was done In the local with sacs totalling 982. lower

| sdies exchange mell

thá markot trachtelling (302 con-

6072 Contract No. & closet un dollar (persion. Sterling nolo (per £1)

1465 changed to 2 points higher with

doanles totalling $22 contracts. Indonesian under per 100) FIC Distres (P4100) same tesis (per 100)

Contiset No. 4 (world) » Hinerpore (straila)

3.04 nominal 3.71 bid, JAPANESE BONDS

3.7 1.6

January March May

Beptembe October Janusty Bott

4.00

tract

London, Det: 0.. Japanese benda

"A" : (4%- of 1809):

B (4 of 1910) 2015 JANUARY

(420or 1907) 90 188

ERIODE: 1964729979410712 (OMR) OF 10807774184-0

801-875 in clipping its power over con-holds, would help reinforce tatil

in the value of the solar am APD” The Federal budget cuts be encourage boller that, 12 walli het katke

further. Astaclated Consola balanced, the Bank saya, to it. #ijrinit: spending policies are revised so Press.

amUnited Press,

3.78 nam na Jas nomina)

die nomini

Unitat): Press:

ALL-TIME HIGH ̈

That is a post-war peak and Jap Exports Of comperes with a World War 11 peak of 247 In October, and November of

an

1043.

predicted retail zales would hit of $16,300,000,- This would eight, por

Sales Management magazitie

All-time high 000 In December

ཟ ་

industry leaders,

Bicycles

Tokyo, Dce. 0.. Exports of bleycles in October. totalled 8350,000 or an inerente af $88,000 £om September, represent gain

according to the Bicycle Industry cent over December, tending the Allocation expected ex-

The National Association of Manus parts in Novantics and December facturers annual meeting

would show a further increase, New York emphasised that all It disclosed that total bleyele business expects from the new exports in the Brai 10 months Administration is fair treatment amounted to 15.092,000 of which

They certainly élpected none Bingiporo accounted for: 30 per then attitude: of previous cert and indonesia 20 per cent, administrations, which

they Formosa imported 10 per cent of anid, allowed favourilantn to the total bicycles produced in special groupe, "put Government October,~Franco-Preste, fe