1952-12-11 — Page 9

MESSAGERIES M

"TRY-HILL”

"FEI H16"

Arttelog

THE CHINA MAIL, THURSDAY, DECEMBER 11, 1952.

7 Page 9

MARITIMES Japan & Continued Decline In ROYAL INTEROCEAN LINES

M

Leaving Outward For

Jan. R

Jan. 20

1

LA MARSEILLAISE” ‚'Dec. 15 +"MONKAY"

"""BREST"

Гарад

Homeward for

12. Atries & Editope 14 Marsailles via Manlin

.-Dec. IL

រឿង, Dec.

Jan, .6 Jan.

Feb. 鄗 Feb. 10

• For passenger and freight.

N. Africa Europe

N Africa & Europe

Sterling Area

Proposed Extension Of Agreement

Tokyo, Dec. 10.'

The Japanese Government will propose a three-month extension of, the current

For freight to Saigon, Marseilles, Algiers, Tangler, Casablanca, overall Havre, Dunkirk, Antwerp & Rotterdam.

Accepting cargo;

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

+

Subject To Change Without · Notics,

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, Calcutta and Chittagong.

"REBEVERETT”

Arrives Salls

Dec. 13 from Manila. Dec. 14 for Singapore,

Rangoon &

Penang, Calcutta.

"LENEVERETT"

Arrives Soila

· Dec. 17 from Singapore,

Yawala, Kobe, Hirohata, Dec. 18

Osaka, Kobe & Nagoya.

..

(Accepting cargo for transhipment Kobe/Puran and Hobe/Okipswa)

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 Suils

Dec. 13 from Singapore. Dec. 14 for Yawata, Hirohata, Kobe, Osaka, Nagoya & Yokohama,

M. S. "THAI”

Arriyos. Sails

-Dec. 20 from Japan.

Dec, 21 for Singapore, Fort Swellen- ham, Madras, Colombo, Bombay, Karachi, Kharram- shahr, Basrah & Bahrein.

(Accebling cargò for transhipment Kabe/Pusan and Kobe/Okinawa)

EVERETT STEAMship CorpORATION S/A

Queen's Building, Tolophono 31206. Chinese Department: Telephone 28293.

STETTEKISKIREISITSISIS

Increase

JAPANESE

In Sugar PACT WITH

Quotas

FORMOSA

payments agrée. ment with Britain and will. vigorously seek easing of the import restrictions Im posed by the Sterling coun- tries at the forthcoming Anglo-Japanese Trado Con ference,

to

Government

According sourcės, Japan will also prom pose a programme covering a 12-month period from January 1, 1953, it the trade conterenco designed to extend or revise the Anglo-Japanese, Overall Payments Agreement takes place before the turn of the

These sources aid that Japan osked Britain for such a con-

Economic Activity

Of Western Europe

GLOOMY PICTURE BY

U.N. COMMISSION

Geneva, Dec. 10.

A continued decline in Western Europe's economic activity in the second quarter of this year is the gloomy picture painted by the United Nations Economic Commission for Europe.

In the Commission's economic bulletin for Europe, just released, the Commission states that there was an all-round decrease in industrial pro- duction in Western Europe.

ions.

Western Germany and France as the only except» Britain's Industrial production was five per cent lower than in the corresponding period last year.

In a

ference some time ato bit Bri-Britain's improved gold and countries. tain, so far, had failed to reply. The current agreement expires at the end of their mouth and

has to be either revised or ex tended.

The Ministry of International Trade and Industry, they said, is currently studying Japan's proposals to be presented at the conference, anticipating such a conference would be held before the year ends.

The Japanese Government at the conferenze tauki offer to Britain to work out a trade pro- gramme covering 12 months from next January.

DRAFT PROPOSALS

The Ministry is drawing up two draft proposals for such a both versions programune with designed

to bring about an excess in Japan's exports over its exports from the Sterling Area.

special analysis of relations with non Sterling

dellar position, the Bulletin Britain's sales to the Sterling points out that, Bouldes redue Aren fell sharply in the second- United States

lon in Imports, the renewal of quarter and this would strongly Government affect Britain's global payments cernomic aid totalling $200,000,- accounts for the second half of 000 (about £71,000,000) in the the year. second quarter this year contri- buted to this better position,

"Reduced sales to the Sterling though painful to in- The bulletin points out that dividual producers. and **= Britain's exports have helped porters, may provide greater in- little towards casing payments|centive to export to other areas

in the hard currency regions.

NOT PROMISING "Current developments in these markets, however, do not seem to provide a promising

this opening for shift in

Britain's exports," states the bulletin.

in

Cson

between Britain and

Germany, the economic commission points out that the import reductions of the overseas Sterling Area this year hit Britain much

Harder than they did Germany.

By wust; Britain's sales to

HONGKONG SHARE MARKET

(From Our Correspondent)

Business done on the. Stock Exchange this morning amount- ed to $251,885, Noon prices and the morning's trans- actions:- BHARES BUYERS SELLERS SALES GOVT. LOANS

50.000 or

Two draft plans call for 1. An exchange of £230,- 000,000 worth of Гарапезе goods for £200,000,000 worth of Sterling Area goods; and,

2. The export of £200,- 000,000

worth

Japonese BANKS of goods ogains! £170,000,000 worth of Sterling

(1040) 1 Bank... 3430

East Asia

~~~These Bources added that if | INSURANCES

the trade programme

โธ accepted

by Britain and eventually pro- duces a favourable balance pt trade, it would be used for pay- ment of £9,000,000 of Japanese,

next Sterling bonds France-Presse.

The Rubber

Markets.

Singapore, Dec. 10. Prices of rubber futures closed toany as follows:-

Number 1 rubber, per I.

"Cantori

Union

MK Fire SHIPPING

Waterboat Arta Nov. DOCKS, ETC.

K. Wurf

Dock

Provid

LAND, ETC.

IK Hotel

+

700

143

43

1.40 1.60

IK Land (0)

to

HK Land (N)

Humphreys 11.00

thd

+

Japan's Request

“Excessive”

Tokyo, Deo, 10. Ofefal •pourecs, „dis: closed today that Mir Robert L. Garner, visiting Vice Governor of the

folui World Bank,

Mr

Sankuro Ogasawara, Minister

of International Trade and Industry, that Japan'wia, soeking an ex- bessively Large

power development loan from the International Bank for Reconstructión velopment.

and Do ་་་ These sources 'sald Japan WAS seeking a loan of $320 million for a live-year development of power re- sources, but Mr Garner, pointed out that this was excessiva compared with the total of $1,500 million the World Bank has lent to 28 different nations within the past five years-en- ter.

"STRAAT. SOENDA”. Dec. PTJANAS“

"TITJALENORA“. *Dec. **TILLUWAI

"RUYS"

*TJIMENTENG" "TARMAN" "BOIBBEVAIN”

- VANA1"

"TJIRODAS*

SAILING B

Dec. 14

athyapore, S. Africk⋅ & «E; Africa - Singapore, - Djakarta, Palembang Cherien BEVARTANYA "Buraknin

BIKCABLAT

Manila; Japan

Bingapore, Djakarta,

Barabala & Machysar

Komarang.

Japata

Japan

JASNIS 20

Bingapore, · Djakarta.

Horavels à. "Ancassdr

Djakarta Semarang, Surabay

blacamar.......

Atanila, 8 Ingapore,

Djakarta,

Mixeritida, K, Africa à B. America Penanr. Belawan “Dall

Singapore,

E. & S. Africa

Dec. 15

Dec. 26 Dec. 20 20

Зарал

Jan,

Jan. 7

NUKA".

Jan.

8

"VAN HIGUTSZ"

Jan.

10

"TASMAN" "TJJLUWAN”

"THTONDOR"

"TJBANTJET" =TUWANGI"

Jan.

15

Singapore, Penang & Belawan` Del

Jan.

IG

Bingapore DJakart

Semarang,

GUPANAIA & Mkčaffar

Jun. 23

Jan. 20 Feb.

A

Macassar

Japan

Hingapore.

Barabaiz & MACASIKT

"TASMAN"

Feb.

4

Japan

Feb

JADA

"TJITJ-LENGKA" -"FED.

Singapore,

njakarta.

“TJIKAMPEK“

#TJILUWAR**

Fcb.

BJakarta,

Feb. 181

*STIAAT

MAKABSAN"

"TJIMENTENG" ***THBANTJET"

"TASMAN"

**TIWANGI

l'eb, 14 Feb. 23

"STRAAT SOENDA" Mar. "BUISBEVAIN"

"TJĮSADANE"

Dakarta Semarang, · Surabala

Jakarta. Semarang

Mauri

N. Africa & H. Amirlea

Macassar

Singapore.

Semarang. Surabais

Djakarta, Beinarang,

Burabaja & Macinaz

Manda, Singapore, E. & 8, Africa

Burabala Macassar

Stanila,*

Singapore, Djakarta,

Djakarta, Semarang, Butabala

&

Kacama

Feb, 24 Mar.

Singapore, Tebang & Belawan Bell

Bingapore, Jakarta,

Semarang,

Japan

STAY. A

Mar 10

Japan

ARRIVALS

ነ

Dec. 11

Dec. 13

"TJIPANAS" "TJILUWAII"

"TITJALENGKA" Dec, 13

"TJIMENTENG" Dec. 23

Maurtius, S. Africa &. America

Japan Macassar,

From

gurabatu. Semarang, Djakaria & Singanore

B. America, 8. Africa, Mauritius &

Bngapore

Africa, Mauritius, Djakarta Bingapore

More Cars KING'S BUILDING, Ground Floor

For Home

Market In

Britain

London, Dec. 10. British distributors are Area had fallen 32 now receiving new cars at per cent below the first quarter the rate of 4,000 a week or

those of Germany 208,000 a year. rate, while

were only, 17 cent lower.

per German exports elsewhere

So far this year an estimated

15 rose steadily while British ex-135,000 new cars have gone on

ports' decreased.

GERMAN SUCCESS

One reason for German success success

TEL 28015/18.

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

MAERSK LINE

FAST FORTNIGHTLY · SERVICE TO:

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

sale in the home market as

M.S. "GRETE MAERSK”, *M.S.' “'JEPPESEN MAERSK"-

M.S. "OLGA MAERSĶ"A

• CALLING

YANCOUVER

is

a

8.10 800 8.10 over British exportation is that Ford Prefect, and the 11⁄2-litre

2000

of and 24-litre Ford and Vauxhall

Says the

the Commission: "It was compared with 110,000 for the whole of last year. While fully apparent - in the earlier | W

dealers

And Inability to report, post-war years when Germon exparts were low, bat their buyers for new cars costing more than 2850, including tax, there ultimate recovery would con-

continuous demand for front

other European- exporters 01 91

lower priced cars such 05 with serious difficulties unless top.m N. PL. Whart 6.45

Morris Minor and 20.10 20.00 500 @ 20.30 world trade expanded.

Ford Anglia, the 10 p.m. Austin .12.80 33

according to Somerset, Hillman Minx, and 848 the economic commission, is 2009 8.18 prochice goods--the type 1500 8.10 goods

most demanded by foreign cars.

Reason for the high increase In importers and which were not

the number of cars available for by 100 6 19.90 affected

the re

recent import 2.30 cate-occupy

much higher home consumption is the recent share in Germany's export trade blocking of export markets.

It is computed that there are than that Britain.

of C. Light (Oi 9.40 9.50 3000 3 9.45

Many

pre-war consumer goods £1,800,000 C. Light (N) 0.20 6.25 2005 British exports have to be sold Britain's roads."

a 200 0% in conditions of slack consumer

TAX UNCERTAINTY 1000 09 Electric .... 23.50 24 100 21.80 demand in areas where Incomes

by falling Meanwhile, motorists who 1100 23.80 have been affected. Macab Elec-11.20

commodity prices.

have been waiting for years to. Telephone 17.00 18 1100 18

MORE COMPETITION

buy new cars have deferred their Tel. (R16,) 3.90 435 740 @ 4

British textiles must face in- purchases in case the Chancellor INDUSTRIALS

Cernent

creasing competition in overseas of the Exchequer decides to cut 18.00 10:20 1000 ⇓ 19

20.90

as Japan's production or abolish the 08-2/3 Purchase markets 1020 1014

recovers,

the commission addı.

Tax. In

in an editorial entitled, many instances German:

"Say delivery dates and credit terms something, Mr Butler." the

Realty 1.202.3035

UTILAT TES

Tram

Star Ferry

January

February

036-0835 98-901

“March"

Number 2 rubber.

January

03-03

Number 3 rubber,

Number 4 rubber,"

03-0912

5412-8514 071-0812 85-37

Robe STORES, ETC.

Watson

January

January

Spot rubber, unbated

Blanket crepe

No. pale crepe

113-110 -United Press.

NEW YORK MARKET

New York, 'Dee, 10. Prices of rubber futures closed

25 to 75 points lower with sales totalling 05 contracts.

December March

Talpel, Dec. 10. Washington, Dec. 9.

A US$150,000,000 trade pactuly The Agriculture Department today announced a 100,000-lon China is about to be signed, December between Japan and Nationalist September

Bput hcrease in the 1952 sugar quote, with the major points of agree- bringing 1 to 7,900,000 tons.ment reached after the Nallon- The whole amount will be used alists had made concessions on to supply American markets this methods of shipments. year.

32,50

33.15-32.25

(31.25

30.00

30.20

2020

32.75

United Press,

LONDON MARKET

London. Dec. 10. Prices of rubber futures closed as follows:

Number 1 rubber.

The part is in final shape with only minor points to br threshed out, but no date has been set aside for the signing.

March The trade pact provides for

Under the provisions. of the Sugar Act, Cuba gains 98,040 tons of the increase with the re- maining 1,300 tons split up an annual total of US$75,000,000 among seven "full duty" coun-cach way, tries the Dominican

Negotiations for such a pact' Hail, the Netherlands,

have been going on ever since Peru,

and Nationalist China and Japan the United Kingdom Colembla. As a result of the signed a peace treaty on April revision, Cubala adjusted quota 28.

Republic,

is now 2987,550 tons, The ad- The methods of shipments Justed quote for all the "full have been the major cause for duty" countries is now. 30,149 the prolongation of the talks.

Upon the return here of Gon. tons.

Chang Chuny former Premier Although sugar distribution so and Generalissimo Chiang Kai- far this year has been above last shek's envoy to Japan, the year the increase has been held Nationalists no longer insisted to 100,000 tons to assure firm on exclusive, Nationalis: ship prices. Last October, the De-|ping and agreed to have one- partment also increased the 1953|third of the shipments go on quota by 10,000 tegr..

board Japanese vessels-United Press,

Sugar distribution in the first 10 months of this year has been 334,000 tons #reater than in the samo months in 1951, I dis tribution in November and De cember should equal that for the months of lant corresponding

your, the tolat .1952 (consump tion would be about 8,000,000 tons United Press.

London Stock Exchange

London, Dot. 10. The London Stock Exchange Whe irremilar to slightly tower In most sections today,

Britiali Government Intuca' and foreign bonds also endre the day with, not loss:

Olls and coppers hold firm but stocks generally were

Copper For Japan fell off alightly after early gains

Santiago, Dec. 10.1 The Chilean Central Bank announced today that it had clasod a contract for an inspect-t fted arhount of Chilean copper The Financial Times daily for Tupan which had agreed index of London stacles War not to re-export-It-United † 116.0, up *0.2."-- Associated Prosi

Prezi

in pence per lb. January February January/March Apri/June.... July/September October/December

2815-20 28-201 2744-# 2714- 27%-2812

United Fress.

LONDON TIN MARKET

Dalry

Crawford

Wing on (NK) COTTONS

Ewo

22:20 2215 500 23.30

118

230 2.33 200

Making U.S.

Goods

Cars

on

will

50 81% are more attractive than those 4,000,000-circulation Daily Ex-

Britain,

press referred to the An- Germany 200 7.30

has po military committal

reply of the 1000.09 2.43 priorities to take precedence over Chancellor in the HousO QË

export orders.

Commons when naked what he German exports are favoured proposed to do with regard to with those of the Purchase Tax on motor-care. by comparison

Remarking that the reply Britain, both by mubaidies in the form of tax concessions and by cause gloom in Coventry.

to more attractive credit terms

and other Birmingham

towns where cars and car accessories. foreign buyers.

are made, the editorial and the about the present uncertainty

from tax was keeping people buying cars.

In Britain

:

A new list is expected soon of

proposnis

London, Dec. 10.

from US. firms to their have

manu- products factured in Britain-bringing the total number of proposals to more than 300 "in" about tw years..

And German exporters are "encouraged" with boriuses resulting from dollar retention

| quotas.-London Express Service.

ARRIVALS FROM U.S.A.

M.S.

OLGA MAERSK❞

M.S.

"HULDA MAERSK"

M.S. "PETER MAERSK"

Dec. 17 Jan.

Jan. 18

Dec. 18 Jan. 8

Jan. 16

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building.

Tel. Nos, 86066-9,

Dites and rotation subject to/change without notice. KR... Tiberty.... to... procènd via other borts, to :load/dischargR. CRIED.

Consolidated Fund

SystemTM

May Be

Adopted In Kenya

London, Dec. 10. Kenya may lead the Colonial Empire with something new In internal finance as the result of talks just com pleted in London.

The Colony's adviser-observer at the Commonwealth Economic Conference, the Treasury Secretary, Mr Wilfred

US. AIRCRAFT was easy for a man who Padley, came to London, three weeks ago for discussions

PRODUCTION

a

The Express concluded that wants to buy a car to wait until April for tax news, It was not

Bo easy for a worker on in. assembly line who wants not a car but just an assurance that his job will go on. United Press.

wartime U.S. Cotton

Estimate

New York, Dec. 10.

with British. Government financial experts.

And he has told of his plans other important change. In the to recommend that Kenya adopt Colony's financial set-up. the: "consolidated fund" system

Washington, Dec. 9. American manufacturers will

of coping with government If the system were adopted in about 9,000. military Aproduce

eponding when he returnstols entirety, heads of Govern- The offers

are being made planes this.

Nairobi.

ment departments would ba. year, says the Aircraft through the Mutual Security Industries Association.

This system, although operated responsible for keeping their Agency Mission to Britain, with

This compares.

tes with

And by the Dominions, has until now own accounts.

this de- headquarters at the United

penk qt 98,318 planes in 1944.

been looked on as too advanced centralisation would MCAR States Embassy in London.

However, the Association sold

for Colonies. So Kedyd may be grester financial responsibility Tho

act as "the 1952 production of bombers,

the testing ground for the rest of for them than they have at the betweenify

for American and Oghters and other warplanes

the Colonial Empire Landon, Dec. 10.

moment, if the The tin market was steady British firma, When an offer is

marply ahead of the 4,800 That

scheme is adopted.

But despite its immediately firma make their own

year and would

total bring

But already Kenya has taken out- and quiet, Turnover was 20

put since the mid-1950 outbreak tons, nothing for cash. Prices Qents.

the pro- more advantage than the other apparent advantages, closed at the end of the official A spokesman said "Increasing of the Korean confict to 15,000. The Journal of Commerce Colonies of decentralisation of posed system would probably not morning session as follows:

mean staff cutting. If anything The Association estimated the estimates that the American Colonial control to push ahead would probably Involve on interest is being taken by British firms in the scheme, not only in current production rate, which cotton, crop this

year will be Its financial system. accepting offers to make Amet is expected to continue through about the same as the 15,144,000 In effect, the "consolidated increases in accounting staff... lean goods, but also to have their 1953 and 1984, at 1,000 to 1,100 bales, of 600 pounds cach, pro- fund" system meant that theMe Padley, however, hopes to own products made in America

warplanes a month-Associated duced in 1951:

Council Legistative anid reports from its will have to be sought before Government that the system be able to convince the Kenya under licence."

Press, Firms

part in the taking

Correspondents

In cotion any Government Member. Can would more than pay for the States indicated total draw scheme have to

croon

departmental spending extra staff needed." currency and other

November

money to: 16,050,000 came

Sometime botoro... bis Government visional departure date, Decem result, the gain, of 151,000 above would know at any time exactly ber 19. Mr bales of

Pudley hopes to the Fat November how much money the Colony Jan | complété hla report on the pro-

Spot in, buyers

0

Spot Un, solars

Eusiness done at

ziree-months tin, buyers

Three-muntha tin, soliora

Bugsness done at

Sefilement.

160 TILE 04412

945 050

-United Press.

ovations." |

strict

Wool Sales In

Sydney

Recent offers by American flems Eritain have come from e

to

New York Sugar great variety of businesses, in-

Futures

New York Dec. 10..

• Domestlo sugar, futuros. No. 0 sosed unchanged to one higher.

March

July

World Nigar futures one to three lower,

Beptember

arch

October

Naw sugar

phia j

A cloned

5.10 nominal

cluding machine tools, radio- domponents, electronic devices, food manufacturing equip

tora.

by

the end

.of

consent of

As-d

of in the bank, Instead of posed accounting system

present, having to wall nearly

pro

סיוון

Sydney, Dec. 10.

Had

months not been for The eighthetics of Sydnty |fruit Juicek, páint out zöbelgured tool" sales continued today | grought in the cotton bhit, pro- | ix months before the respective") under widespread competition diction would have soared above from Britain, the Continent and 10,000,000 bales, the newspaper departmental accounts Japan, with useful United States and Although the dry tpbil adjusted and presented, NY Stock Exchangu

ANOTHER - CHANGE (2)

Now York, Dec. 10. Exchange Rates support mythe Sydney Wool relarded growls, it be ... It would mean; too, thật bo-

Sailing Brokers: Association packing and singing was by rause of the Uneficial riority Dow Jones Aternges at the

Values of all descriptions of this year's Ring feets and rungs machine it arimated that, in the Legislative Council, the end of the stock market, salon

..a more stood as follows: 495 kan sterk do fue this, your, inhum direct hand, in

Business was done in the lord exchange Meeks this Anometal morning at the follatring TSFOR: UB. doler. (per si)

steeling not, INF

Alam - Licatam (pera(100) Singapore (Biraits).

it has encoura

Much of

Uitbyte (RS previna Orcs éompared witr 1.030.004: Chres l'electorate woulÁ BOILrollitig 30 IndustHäls,

[21:0 top:Bases todos Teks 1810) to the same piriod of 1001 Government spendiņa tuna” | 15 utilites,

penico Aurirallen, per pounds | FRIE Amociated P2E08.

12,004,490

boles The "consolidated

ystem would carry with it an-140 bonds