1952-12-12 — Page 9

MESSAGERIES M

"FRY-HILL"

:

Jan, 24

THE CHINA MAIL, FRIDAY, DECEMBER 12, 1952.

MARITIMES Exports

M

Leaving

Jan. 1

*"PEI HO"

in Port

*LA MARSEILLAISE”

MONKAY”

"BREST

Dec. 18 Jan. Jeb,

Dec. 13 Dec. 18 Jan.

Р

Feb. 10

For passenger and freight.

Outward FOT

Japan

Karnsward FO

N. Aprica & Europe Marteliza vin Manila N. Africa & Europe

N. Atries & Europe

For freight to Saigon, Marseilles, Algiers, Tangier, Casablanca, Havre, Dunkirk, Äntwerp & Rotterdam,

• Accepting cargo:

:

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

Subject To Change, Without Notica

CIE DES MEssageries MARITIMES

P.O. Box 58, Hongkong

Queen's Building (gr. floor)

EVERETT

Tel. 26061 (3 lines).

LINES

EVERETT ORIENT LINE

Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- Chinn, Siam, Malaya, Rangoon, Calcutta, and Chittagong,

"REBEVERETT”

Arrives

Sails

Dec. 13 from Manila, Dec. 14 for

"LENEVERETT”

Arrives Salla

Rangoon

Singapore.

&

Penang. Calcutta.

Dec, 17 from Singapore.

Dec. 18 Kobe,

Hirohata, Osaka & Kobe..

Yawala,

(Accepting cargo for transhipment

Kobe/Pusan and Kobe/Okinawa)

EVERETT STAR LINE

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

M.S. "STAR Arcturus”-

Arrives Salla

Dee. 13 from Singapore, Dec. 14 for Yowata, Hirohata, Kobe, Quaka, Nagoya & Yokohama,

M. S. "THAI”

Arrives Soils

Dec. 20 Dec. 21

trom Japan. for Singapore, Fort Swetten- ham, Madros, Colomba, Dambay, Karachi, Kharram- shahr, Basrah & Bahrein. (Accepting cargo for transhipment Kobe/Putan and Kobe/Okinawa)

EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telophona 31206. Chinose Department: Telephone 28293.

Japanese Magnate Visits Austin's

London, Dec. 11.

A Japanese automobile magnate, Mr Genshichi Asahara, is in Britain to give first-hand consideration te assembling Austin cars under licence in his Nissan Motor Company works in Tokyo.

With a secretary he arrived at London airport almost unheralded and is now in Birmingham "looking around" Austin's mammoth plant there,

Indo-Japanese Steel Plan

T

Pittsburgh, Dec. 11. Takasaki, Japanese In- dustrialist, outlined. here today preliminary plans for a $100,000,-

And an official of the com- revealed that pany

Sales Tax Act Held Illegal.

Hombay, Dec. 21.

The Bombay High Court taday declared invaljä (he Act Bombay Sales Tax which imposed a'chargG HI

ot each stage

cale troka manufacture to consumer,

The court held the do

·Unition of "malo" wide that it went beyond the powers of State legisla- tion-Beuter.

Was so

Malaya Trade Worries

Singapore, Dec. 11. Trade circles are showing the great concern over difficulties that have con fronted Malayan-Indonesian trade for many months.

In spite of the best efforts of the Singapore trade authori- ties, there has been no indien tion that these difficulties wil

be surmounted future.

in the nepr

cir- On, the contrary, trade eles here belleve, the sange in trude between the two tries only tend to multiply.

coun-

In the past, Indonesia, used Singapore as a transit port for her exports and Imports. She exported through Singapore her received primary produce and back, again through Singapore, the manufactured products the West.

of

Now she has cut off Singa- completely from Fore almost the picture and prefers to deal direct with her Western aad sales- Eastern customers and men. She chooses to ship ber rubber, rattan, ten, oils, shell, copra and other products direct and to get, in return, textiles, heavy goods and inned fools direct, without the necessity of British pastage through this port.

ONLY HOPE

Singapore trade circles Ecom resigned to the situation how ever unpleasant. They believe in that their only hope lles plans to speed up local manu- factures and increase the num- ber of processing plants for Malaya's primary produce.

con- Among the dimculties fronting Malayan - Indonesian tratte are:-

1. The recent proposal af the Singapore Government to set up a board to handle all con- signment rubber from Indone sia which, locul treders say, would put them out of business A compromise on this proposal Is in the making.

10

2, Indonesia's decision stop foreign exchange allowan- ces for the import of certain goods goods, including tinned and foodstuffs from the Colony,

*TJRANAW"

BAILINGA

·Dec. 12.

Pare. 9

Palerbar

From Great Britain ROYAL INTEROCEAN LINES

Are Speeding Up World Development World

London, Dec. 11.

No-country in the world can achieve economic advancement with- out constant addition to its stock of Industrial equipment.

Some, like Britain, are in the happy position of being able to provide most of the equipment needed for this purpose from their own

resources.

Others, however, look to the more industrially developed countries to supply a large proportion of their development needs.

As. primary-producing coun-I irics like Canada, Australia and India proceed with schemes of capital development and build up a considerable capacity to produce consumer goods, more and

of their demands for more imports are concentrated In capital equipment.

And this tendency has been reflected stendily in the United Kingdom's export figures, says

the Treasury in its monthly Bulletin for Industry

In 1938, the broad group of metals and engineering products 37 per cent of total U.K formed 37 per exports to all markets; in 1951, 40 cent of

per

a total roughly volume. two-thirds larger in (Some of the increase in the share of this group can be at tributed to metol 'consumer goods, particularly if these are frekened to include passenger cars; on the other hond, many curs are used for business pur- poses abroad, as in this coun- uy).

Since the war, U.K. exports of investment goods have been

growing by comparison with the physical resources put into home investment.

NEARLY HALF

In 1947, exports of plant, machinery, road vehicles, ships and aircraft were about 43 per of similar cent of the value

1951. home Investment; in

(Thesa roughly 66 per cent. proportions are much the same, whether or not passenger curs are included).

Last year, half the deliveries (by value) of commercial veh!- cles were for export, compared with two-fifths-in 1948.

per

cent

+Xa

The proportion of electricity.

turbines generating steam ported had

I had risen from 42 to 40 of total deliveries (measured in kw.), of steam locomotives from 1 to 52 per cent of production, and of agri- cultural machinery from 41 to the valua of 53 per cent of production

Between

een 1940 and 1951, near- ly balf the imports of metals and engineering goods into Asia United

South and South-East were supplied by the Kingdom.

One leading British Arm ex-' ported 4,000 tractors to the area in 1951.

Sarawak now has one of the largest pressed steel sectional water tanks in the world-made in Britain...--------

DAM IN THAILAND

A famous steel firm supplied 60 miles (2,000 tons) of tubes for the new fertiliser factory at 6indri in India (the largest one in Asia).

point of view of the customer countries they are indispensable fur the exploitation of their own resources and the raising of their living standards,

BRITAIN'S AM

For Britain they are a means of earning currency with which to buy imported food and raw materials; and one of their particular advantages as exports is that they lead subsequently to orders for the UK, for re- placements and renewals..

Japanese Experts' Panacea

Tokyo, Dec. 11. Osaka economists today gave visiting World Bank merely to maintain, but to incficials their ideas on how crease. its share of this kind to balance Japan's inter-

national accounts.

Britain's aim should be not

of world trade.

Steel supplies for the en- Thoy nld Japan needs to gineering Industry are improv-switch Its importa from the Ing.

doller to tho Pound Sterling And the market is there, as Area to balanco-its foreign trade. the U.S. Irade Agures klono bear witness; in 1951, for exam- U.S. exports of machinery and vehicles were worth over

£1,000 million.

It

only a small part of this trade could be handled by Bri- toin, it would make a very big tifference to our export dgures. -London Express Service.

HONGKONG SHARE MARKET

The economists hoped the. United States would remove immediately high tariffs that prevent Japan from exporting more goods to America.

The bankers sald Japan of the same time would try to lower export prices to International levels as early as possible.

The bankers said they are seeking free convertibility of currencies-Associated Press.

COTTON SLUMP

Tokyo, Dec. 11, Japanese cotton circles have urged the Government to take prompt measures to remedy the current slump.

In their petition, delivered to Minister Sankuro Ogasawara, they recommended that the cell- ing on cotton yarn production (From Our Correspondent)

be limited further to 185.000 bales a month Business done on the Stock March next year. The present from January to Exchange this morning amount imitation is 165,000 bales. cd to $308,658.50.. Noon prices

right They also desired the and tho morning' Irana+ actions;

itu go ahead with the setting up BRAKES DUYERS SELLERS SALES of a commodity loan bank

act as stabiliser of the cotton 30 1430 Industry;

BANKS

KK Dank u. 1420 East Asta_2... 152 INSURANCES

Clanton Union HK Fien SHIPPING

Ministry by cotton circles,

These circles also

10

"TÍTJÁLENGEA“ Dec. 15 "TJELUWAN"

Ringspore,|- Mlákseta,

·Cherifon *Samarang. Macassar h Manila, Japan

Burabala & Mecamat

Bfakarta.

Semarang,

Djakarta,

Mauritius, M. Africa & BE, America

Slogapore, Penang, Belawan

2. & S. Africa

Dall

Dec,

Singapore. Djakarta,

RUYS" "DUIRSEVAIN"

DEC

Dec.

18

Japan

Зарад

#TIIMENTENO“

Des. 24

Гарад

"TASMAN"

Bed.

Japan

"TIWANGI"

Jan.

a

Semarang.

Surabaja – Aineksia?

“TJIHODAS"

Jan,

7

Djakarta: Semarang,

Bursbaik. Ü

Macar

Jan.

*

Mania, “Singapore,

*VAN REUZSZ“. JAR, 10

"TASMAN” "THEUWADI**

"TJITUNDOK"

200. 15 10

Jan.

Jah, 24 Feb,

reb. 4

Feb. Feb. 四

Feb.

"TJMANTJET" “TJIWANGI"

"TASMAN" METRAAT

MAKASSAR" "TITUSLENGKA"

“TJIKAMPER"

→TJLUWAN"

"TIMENTENG" “TJBANTJET"

*

Peb, 10

Feb. 10 Feb,

“TASMANIS-

**TJIWANGI"

Fab. 23

far.

"ITRAAT KORNDA” Mar. "EOISSEVAIN”

4 Mat. D

*JIBADANE”

Mar. 10

ТИРАМАНА "WILDWAR"!

"TJITJALENGKA"

"TIMENTENG"

Fa Port DIC. 11

Dec. 11

Dec. 23

Singapore, Perany & Balawan Dall Bingapore.

Semarang.

kurabaja » Mocasine

Djakarta Semarang. Surabala

Macassar

Japan

SiDanpora,

Djakarta. Bemarang

Aurahala ↑ MACEST

Japan

Japan

Biosupore, Djakatia, Afantilima,

1. Africa & 8. Amorien Djalaria, Bemarang, Surabala

Macar

Singapore, Djakarta. Bemarang,

"Búrabala „&” Marasser Manila, Kingapore, E. & 8. África Djakaria, Semarang, Surabata A

Macassar

Singapore, Penang & Delawan Dell Singapore, Diskarta, Bemarang,

Burabala & Marinair

Japan Mantia.

Singapore, Djakarta,

Mauritius, .8. Afties & 8. America Japan.

ARRIVALS

Зарад Makkar.

From

Surabnia,

Semarang,

Blakerta & Hingapore 8. America, 6. Aftlea, Mauriilos &

Singapore

8. Africa, Mauritius, Djakarta & Gingapore

KING'S BUILDING, Ground Floor

TEL. 28015/18.

CHINESE AGENTS: 82 CONNAUGHT RD, C. TELS. 31190, 23132

MAERSK LINE

FAST FORTNIGHTLY SERVICK TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPINA via BAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT, SAILINGS ·

M.S.

"GRETE 'MAERSK":

·Dec. 17

*M:S.

"JEPPESEN MAERSK"

Jan.

MS.

"OLGA MAERSK”

2 Jan. 18

VANCOUVER

U.S.A.

· *· CALLING

ARRIVALS FROM

230 700 137

A plan for the setting up of a commodity loan bank was 2070214 recently forwarded to

M.S.

the

"OLGA MAERSK” M.S. "HULDA MAERSK" M.S. "PETER MAERSK"

Waterboy

12

suggested

AB Nay

1,40

DOCKS, ETC.

of

K. Whart

91 91

N. P. Whar 6.45

Dock ........

254 200

DI

AGENTS:

Provident 1.80 15 1000 (11) 0.30

મન મોર

to check expansion

facilties and

the

of the Import of non-

cotton 20.10 American

under the 12.90 automatie approval, system.

Minister Ogasawara withheld 30 200 301 (RA) 10.30 13.70 100 ₪ 10la his reply but promised that he would consider the problem fully.--France-Presse.

Wheelock LAND ETC.

HK Hotel Ik Land (0) 595 5915 000 5315

UTILITIES

Humphreys

Tram

13.90

22.10 22.10 E. Lizhi tới ĐẠI ĐẠI

C. Light (N) Electric...

Macao Etc. Telephone

(Riz INDUSTRIALS Cement...

31.20

17.00 18

44.10

300 14

19 19.20 2300 a 13.10

100 10.10

20.90

a

British firms are supplying

equipment half the

(pumps, 3. The system by which im- porters receive varying rates of steel piling, cranes, and tools)

Ropo exchange for the dollar against for the Chainat Dam in Thai-

STORES, ETC. according the rupiah,

Dairy to land, which will eventually ir

Watson whether goods are "escential".

rigate over two million acres of

L. Crawford and "non-essential"

generate or. "semi- land

power

COTTONS through eight 3,000 kw. power

Ewo luxury."

units....and so the list might MISCELLANEOUS

Yangtze 0:40 8.70 continue.

CIVIL CONFLICT

4. The necessity for placing

a 40 per cent deposit.

Asahara's

rakter to high-level

of inspection Austin works is only a curtain-

talka the subject of the Tokyo as sembling project;

Mr the

on

.D

Already at least one top off- cial of Austin's has been sum- to Birmingham from moned London for the talks.

The final discussions will

000 steel mill in India, to be take place between Mr Asaha- owned jointly by the Japanesera and Mr L. P. Lort, Chair- and Indian Governments,

man of the Austin Motor Com- Each country plans to put up pony and Deputy Chairman of about $25,000,000 towards the the British Motor Corporation. This is not Mr Asahara's first plant and to ask the World Bank

contact with Austin's, for be- for a $50,000,000 loan.

tween the wars his compally Mr Takasaki said the plant built complete Austin Sevens would have two blast furnaces under licenco. with an annual capacity of more than 400,000 tons and a Anishing department, capable of producing 350,000 tons of steel structurals, bars, sheets and ralla yearly Associated Press.

SURPLUS BOON?

Now, with the purchase tax adversely affecting home sales of British cars and because of Loport licence difficulties, other British manufacturers may also have to follow a similar course to that set by Austin's if they want to keep their footing in the important For East, mare ket..

ROLLING STOCK FOR INDIA

New Delhi, Dec. 11. India bought railroad coaching and wattoos worth 28,543,000

Already, because of the hidi Rupees during the 12 months ending October, the Deputy level of purchase tax, Mr Lord belleves that there will soon be Railway Minister

A surplus of cars on the home Alogesin, told Parliament.

and the United marketi *Belgium Kingdony wore the main sup- And this is backed by the 18,800,000 fact that lengthy waiting lists pliers, with sales of Rupees and 12,374,000 upeto, for now cars have, almost did. rospectively, Italy furnished the appeared, and, in the midille remainder, he added.--Associa price range, cars can bo order-

led for immediate delivery.

od

when there are numerous

graln

Irom other areas; the of a trunk telo-

of construction

first public

the and

Dec, 18 Jan. 8

Jan. 16

For Freight and Further Particulars please apply to:-

JEBSEN & CO.

Pedder Building.

Tel. Nos. 86066-9.

Dates and rotation subject to change without notice.

- at....tiberty, to proceed_via_other..... parts to load/discharge cargo.

Surplus Rice M.V. LA MARSEILLAISE

For Export

Colombo, Dec. 11. The world surplus of export- able rice next year will bo 10.10 19.40 1000 10.70 5,427,000 tons, according to the Nice Consultative Committee, which recently concluded a conference in Singapore.

Representatives of rice- producing and rice-consuming countries are to meet at Bang-

32

2.30

5002-0215

Indian Shellac koke on or about January 8.

Exports

opening a letter of credit for graph and telephone system in

The meeting has been con- the import of goods into Indone Turkey, the

vened by the Food and Agricul- cia, in addition to the usual 10 Saudi Arabia's

discuss tural Organisation to to 25 per cent charged by the (urban) electricity supply,

plans to halp consumer coun- banks, which affects the capaci provision of mechanical

tries get the rico they neeil New Delhi, Dec. 11,

the Rice Con- According to ty of ready cash traders to electrical equipment for a large

India exported its entire pro- carry on business,

handling and storage duction of 25,000 tons of shellac sultative Committee report, a soured here plant in Argentina (the largest to foreign countries in 1851-52, usually rellable

kald. the following, countries in the Southern hemisphere), the Food Minister, R. A. Kidwal,

have an exportable surplus of told Parliament.

Australia, Argentina, The United Kingdom imported rice: Nor does the story ends: 0,719 tons, the U.S. 6,401 tons, British Gulnes, Burna, China, the expert of capital goods;

Italy, Hussin 4.233 tons,

Indo-China, Brazil 1,819 Ecuador, there are also what might be

753 tons, Iraq, Mexico, Pakistan, Peru, called capital services,

6. Indonesia's setting up of clove-buying organisation which restricts Singapore's im- ports of cloves to a minimum.

and so on.

British consulting engineers

**** have been brought in on the 691 tons, France 021 | Spain and Portugal-Router.

6. Indonesia's proposal to ex- port her tea direct and her re- fusal to send ungraded rattan to Singapore since last August.

Tho

recent Indonesian Army crisis and rumours of a civil conflict, which have hit trade in general sotwean - the twa countries.

Normal barter trade with In Honesia is conducted on a 70 per cent goods and, 80 per cent cash basis; in the logging trade the percentage is 60-30, while in the Ashing busluess, It is 100 per cent cash, France-

Presse.

LONDON TIN MARKET

"

Lendon, Dec. 117- The tin market was steady and quiet. Turnover was 85 tons, nothing for cash. Prices closed at the end of the omaini ataining

session as follows

Spot tin, buyers aikaa by

Fiksiemen, doti,

Three-mone Ln. buvars Three-mentha: 14 nollers: Burners donG KA

Bestlement

617

Chainat Dam project, on the Argentina 440 tons,

and .. tons,

West Germany

Italy Other Importers Included Owen Falls (Uganda) Scheme Japan, Canada, Hongkong. for a dam and hydro-electric

Denmark and Sweden. - A150- station, on the "new barrage

the clated Press. across the Euphrates, on Aleppo water supply project and many others.

TECHNICAL Am.

For countries taking part in the Colombo Plan, the normal flow

of technical knowledge in now being supplemented by the

Technical Co-operaUDA SCRUTO,

Rubber Futures In S'pore

Exchange Rates today as follows

Business was done in the local unofficial exchange market this horning at the failowing raten: U,6. dollar (per #1) -

BUTAS 15.63 Btarling nola" (per £1) Indonesian quliders (per 100) 13:30 - Bam tidala (per 100) Singapore (Biralta) FIC platirea ipsc, 100)

.

28.33 11.53:

Under this scheme, the

to offered Government hus South and South-East Abis the cervices of 64 dxperis (44 hava, beed accepted so far), end 410 specific training pinces in this LONDON RUBBER

(249 accepted date), country

to and it has inade at grcral of to take another 300 trainees. Deliain, in fact, in not, exporting experts" but to ac cepting the red material

biliers, and processing making

only

London, Dec. 11. Prites of rubber futures closed

Khumber 4 rubber, in pento

per lb. fpsy as fellows:- des

Exports of

of lavelmont roodere Buy and, servfons 'áro esamis), to, the Hevelopment: or countries

From the over the world,

United Freiz

Singapore, Dec. 11. Prices of rubber futures closed

Number 1 rubber, per lb. January

DT - 0735 February.. MarchNA Number 2 rubber,

January Number 3 rubber,

January

Number 4 rubber

January

Spol: rubber, unbaled Blanket grape Nopále čiepa,

0145 - 07232

Date: 0734 111-117 -United Press.

NY Stock Exchange

New York, Doc. 11.

Dow Jones, "hverágón, at the end of the session stood as fol- lowly. Any event 20 Industria's Se

15 utilities.

40 bonds

09.16

United Froes

will sail for

MARSEILLES

via

MANILA, SAIGON, SINGAPORE, COLOMBO, DJIBOUTI, SUEZ & PORT SAID

on

Tuesday, December 16, 1952 at 10 p.m. Passengers are requested to board the vessel with their cabin baggage on the 16th December between 5'and:9: p.m.

Baggage room and hold baggage will be registered at the Kowloon Godown No. 50 (No. 2 Gato Canton Road Entrance) on the 15th December from 10 a.m. to Noon and from 2 to 5 p.m. and on the 16th December. frum, 10 a.m. to Noon only.

No baggage will be registered after that time.

COMPAGNIE DES MESSAGERIES MARITIMES

Queen's Bullding,

Tel: 26651 (8 lines),

BUSINESS" REGULATION ORDINANCE 1952

Copies of the prescribed Forms 1(a) 1(b) and 1 (c)

-Now On Sale at S. C. M. Post, Ltd. HONGKONG AND KOWLOON

TEN CENTS EACH