1952-12-18 — Page 9

MEX

THE CHINA MAIL, THURSDAY, DECEMBER 18, 1952.

MESSAGERIES MARITIMES Value Of Red China's Trade ROYAL INTEROCEAN LINES

MOM

Arriving - Lanving

"FRY-HILL"

***-Jan, 20

Jan. 21

+"MONKAT

+"OREST""

For passenger and freight.

-Jan, +Feb.

•

Jan, I Feb. 10 Feb. 13

"LA MARSEILLAISE". Feb. 12

Outwärd For

Japari

Hotheward For

R. Allen & Europe N. Africa & Europe

Harteles vla Manila

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

Accepting cargo:

-Via 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

Tel. 26651 (8 lines). {

LINES

EVERETT ORIENT LINE

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

"LENEVERETT”

Arrives Sails

Dec. 21 from Singapore. Dec. 22 Kobe, Hirohata,

Osaka & Kebe.

"NOREVERETT"

Arrives Salls

Dec. 25 from, Manila, Dec. 28 for

Yawala,

Singapore,

Rangoon

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, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports.

M. S. "THAI”

Arrives Dec. 22 from Japan. Sails

Dec. 23 for Singapore, Port Swetten-

Madras, ham,

Colombo, Bombay, Karachi, Kharram. shahr, Basrah & Bahrein,

M.S. "STAR BETÈLGEUSE”

Arrives Sails

Dec. 30 from Singapore, Dec. 31 for Hobe & Yokohama (Accepting cargo for téansbliment Kobe/Pusan and Kobe/Oklżawa)

EVERETT STEAMSHIP CORPORATION S/A 'Queen's Building, Tolophona 31206. Chinese Department: "Telephone 28293,

Blow For

Ceylon

Tea Trade

The

HONGKONG SHARE MARKET

Cairo, Dec. 17. (From Our Correspondent)'

Egyptian Ministry

Tre today

of

decided to forbid

all tea imports from. Ceylon

Business done on the Stopk Exchange this morning amounted to $280,905. Noon quotations

negotiated after last November and the morning's transactions-

7.

The

Under-Secretary

SHADES BUYERS SELLERS' BALES

of BANKS

HK Dank INSURANCES

Balon SHIPPING

State for Trade, Mr Taher cl Kholy, told the Press, that the measure had become inevitable owing to the lack of Sterling.

The situation was described the by Egyptian leaders to Ceylonese Premier and Minister of Finance when they visited Calro yesterday,

They

told that Egypt WETC could not continue to purchase £5,000,000 worth of Ceylon tea year, while Ceylon £500,000 purchased log than

of Egyptian goods,

Waterboat

1425

78214 707:5

1316

As Nav 140 1.00 DOCKS, ETC.

K. Wharf

0141

50 a 7821% 15785

-N. P. Wharf 6.45 653 300 s

.. 12.50 17.70 400 12.00 Provident Wheelock. 3015

100

RM 10.10 10.00 100 4 2035

33

27

Japan's Plan To Increase Exports

Tokyo, Dec. 17,

Govern- The Japanese ment is planning to reduce or exempi íáxts on export bbdi effective from the Et kcal yeår, a Govern- ment source revealed to-

نزلاقة

Mr Nobuhiko Uchiuâ, Chief of the interimilonal Trade Bureau, MITI, told the Lower flouse Trade Committee that the measure was necessary to improve Japan's export

ori trade,

Owing to increasing industrialisation in South- east Asian nations, Japan's exports of consumer goods to these nailons have been declining, he said, adding that emphasis should be cr capitai

With Britain Analysed

By

London Review*

London, Dec. 17. The value of Chinese trade to Britain Is analysed in a leading article in the current issue of "The World Today", the monthly political and economic review published by The Royal Institute of International Affairs (Chatham House).

In recent months, It observes, Chinese spokesmen and writers have made much of the importance to Britain, and to other Western countries, of tratle with China.

It seems unlikely, however, that the subject would be pursued with such vigour, whether as propaganda or with the genuine hope of Increasing importa from the West, unless the Ehiness: Government, really belloved that the China trade was of great significantes to Britain and other countries.

con-

The review prefaces a de- of the desirability for Belish talled study of Anglo-Chinese trade with Chinir to bỡ trade over the past 15 or 20 tinued." and is suggestion that years with including

the warning that some new form of organisation the "the position is complicated by inight be set up, arpeng

firms to achieve

the the existence of Hongkong."

Owing to the dimeulty of Chatham House review admits

that there seems Chiness from non- separating

little tedi of any coilalderable

goods, machinery, as an export article to Southeast Asia- Fralice-Presse.

British Textile Recovery

Slump Believed To Be Over

London, Dec. 17.

sales, Britain's textile which slumped last Spring throwing 160,000 operatives out of work-are, recovering well.

Chinese trade, the figures in-sillon nd British interests in

all United

Clude all

Kingdom trade

with Hongkong "as if it were trade with Chins. The im- portance of Chinese trade, is adds, is therefore if anything somewhat overstated."

The highest percentage of

total British

bry

exporis reached British exports to China and Hongkong in the decade

before 1930 was in 1932, when per cent; 1932 ey were 3.47 elsa had the highest percent- CB 1.79 of all trade. The highest percentage for imports won 1.04 in 1029,

In 1936, the lost year before the outbreak of the Sino-Japanese China amounted to 1.20 per cent war, trade wtih Hongkong and of British trade, with exports at 1.70 per cent and imports at 0.09 per cent. The total value of im- ports in this year was £7,018,000 from China and £754,000 from

Hongkong.

The businessmen of Yorkshire and Lancashire, where the wool and cotton industries are centred, The figures for China and combined, would have watched their order-books Hongkong, If

the lengthening

past thike have enabled them to runk months, and now are ni last

twenty-third among the UK's rendy to say the short, sharp sources of supply in 1936. slump is over.

More than 4,000 extra workers were hired last October, bring- wool ing employment in the trades up to around 150,000.

Consumption of. cross-bred wool in October was the best

16TH IN LIST

The most important itens ex- ported from the United Kingdom to China and Hongkong in that year were iron and strel and their manufactures; wool

Those

Interests," It con-

eludes, "have, in recent years, at least, lain mainly in the trade, shipping, banking,

and other services provided bý the great British concerns, rather than direct trade. The

in

Rubber Industry Prospects

Akron, Ohio, Dec. 16.

The US rubber manufac- turing industry in 1953

RUYA BORVAINE

"TAKMAN”

TJIWANGI"

"BUTE"

"THBODÁS"

*VAN BRUTEZ” "TANMAN” "TJILUWAR* →TJTJALENGKA"

"TJIPONDOK"

"THBANTJET"" "TUWANGI"

#TASMAN" "STRAAT

MAKASSARI "TJIKAMPEK"

"TJLUWAD"

TITUENTENO" #BOISSEVAIN".

"TJBANTJET"*

"TASMAN" "THIWANDI"

Djakarta, Narabala a "Macaskar Manila,ngapore,

SSMATERI

Djakarta,

Ainurition, W. Africa & 8. Amonites jakutia Bemarang, Surabata' Ħ

Atacansar Singapore, iteunion à Br. East Afrlex Singapore, Penang Beiswan Dall Singapore. 'Djakarta, Semarang.

Autabala & MACROSAT Hinexpore,. Djakarta.

Afatetik,

BAILINGS

bic. #

Japan

Site. 20

Геран

per. Dre 29 JIR..

Тарап

jspre

Singapore.

Jan, 2

1

Jan. 18 Jan. IS 14

Jan. 21

Jan, 21

Jan. 28 Feb.

Feb, •

Feh, 3 Feb.

Feb. 14.

Peh. IN Feb. 32

Feb. 23

Feb. 2:1 blar. I

**STRAAT BOENDA” Mar. +

-TJIJADANE"

MAT. 10 Alar. 14

MAY. 17

*OTJILUWAW"

"TABMAN"

-

8. Africa & 8. America Djakarla Semarang, Burahala

Macassar

Japan

*Singaporn. Tjakarta.

Furbals & MROKERT

Japan

Japan

damarang

Bakeria, Remarang, Rurabala

Mackstar

Bingapore, 51Jakarta. Semarang.

Burábala & Miscarist Manila, Ringapore,, E. & B. Africa Singapore, Djakarta, Mauritius,

8. Africa & 8, America Djakerta, Semarang, Buzabala

Macassar

Singapore, Penang & Belawan Dell Singapore, Djakarta, Bemarang,

Surabala da" Macassar

Japan

Аврал

Singapore.

Bjakarta,

Surabaja & Maraisar

Japan

ARRIVALS

From

Amarang,

8. Atrien, Blauriilus, Djakarta singapor

"TIMENTENG"

“DOISBEVAIN”

TABMAN" UTJIWANGI"

Dec. 21

Der. 25

pec. 17

R. Amerlen,

Dec. 20

B. Afric.

Mauritius,

Bingapore & Manila Penang, Belowan Bell & Bingaporn Kemarang,

• Macassar, Surabala,

Djakarta & Singapor

TEL. 28015/18.

Chinese no longer want these may have the best year in KING'S BUILDING, Ground Floor

and so far as trade is history, according to a year-OȚINESE AGENTS: 82 CONNAUGHT RD, C. TELS. 31190, 20133. they export little of end statement released to-

vitel nro

anxious

interest 10 Britain and day by Mr John Collyer, to import only President of B. F. Goodrich goods es, quite apart from the present strategic considerations. Company. are least difficult to sell else- where."-London Express Ber- vice.

America's Foreign Trade

Closer To Balance

Washington, Dec. 17. Better conditions abroad

since 1950 and 57 per cent machinery; vehicles: and chin the past three years have

The statement said that the US total production is expected to increase about two per cent. over 1932, but It predicted o gain of 11 per cent Injoverall tyre sales.

Because many number of cars

of the record manufactured

in the past three years need re- placement tyres next year, the Total passenger car tre sales may reach 78,989,000 compared with 70,000,000 În 1952, Overall tyre sales may reach 100,000,000 units compared with about 90,- 000,000 uniti in 1952,

ma

The statement salt that the expartn of facilities And development of more emclent manufacturing methods and precesses during the past year bave brought the industry's

producing capacity pro made rubber to the rate of 1,040,000 tohis yearly, which surpasses the previous produc

on peak reached during World War 11.

that

about It credited bigger U.S. Imports 1,270,000 tons

of rubber, both man-made, will be consumed next year compared with the 1952 consumption of about 1,240,000 tons.

brought US foreign trade Higher thah October, 1951. cals, drugs, and dyestuffs.

closer to balance with the Some 3,370,000 square yards botal figures for exports were rest of the world, a Govern of blankets many of

them for £6,700,000 to China, £2,108,000 the War Off

and £33,000 to ment survey said. Offee-were delivered, to Hongkong, the highest in any month since | Manchuria,

The combined figures placed for World War II.

the Improvement. This China d

and Hongkong sixteenth in country is still selling abroad the list of Brith markets.

In the fast full year before the it buys, but the, difference has lot more goods and services than outbreak of the European war been cut almost in half.

These scattered examples are typical of the Industry, and overall output was around 10 per cent higher than in Septem-

ber.

Business in cotton is also look ing up. Since last July employ ment has risen by 8,000 to 202.000, Hád most of the mills which were idle earlier in the

vere year are working again.

Cutput of cotton and rayon cloth in Lancashire rose by more than 0,000,000 yards a week in the dive weeks ended November 1 to a weekly average of 46,450,- 000 yards.

1938, British trade with Chim

survey,

and Hongkong had dropped to The

"Balonce of the lowest percentages of the Payments of the U.S. 1940-1951, decade, 1.09 percent of all was prepared by the Office of Britain's exports and 0.70 per Business Economics in the De- cent of all her imports. ---~partment of Commerce, ----Its The percentages of British ex- director, Joseph Meehan, wrote ports and imports in the past in a foreword: five years were as follows:

Much of this increased pros-

centres perity in the textile comes from more

1047

1048

active home

1940

1650

1931

buying, but there has also been a slight improvement in export sales-Associated Press.

Expanding Business

In America

of

estimated

and

"Increasing domestic demand for more rubber goods plus expanded world markets and distribution

to RESUME continued high production when our economy shifts to

n full basis, per capita consumption of rubber in the United States today is 17.8 pounds a year com- pared with one pound per person in the rest of the world. new

As

MAERSK

LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA viz BAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "GRETE MAERSK" *M.S."JEPPESEN MAERSK' -M.S. "OLGA' MAERSK”-

• CALLING

VANCOUVER

ÁRRIVALS FROM U.S.A.

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

M.S. "TREIN, MAERSK"

Dec. 19 Dec. 29

Jan. 18

Dec. 19 Dec. 31

Feb.

4

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building.

Tel. Nos, 86066-9, ·

Dates and rotation subject'ia`rbanar without notice.

se unérty to proceed via other' posts to load/dlicharge' cargo.

"By increasing their sales to Exports to China and the U.S., foreign countries were Hongkong as a per- cantoge

total able to reduce their deficits on

roads are built in other PENINSULAR Belilah exporta goods and. services from an countries, As inore goods and Exports Imports annual average of $8,000,000,000 people are transported by motor in 1945-1948 to $4,000,000,000 in vehicles and as the standards of living Improve, rubber will be in increasing demand through- out the world,"-United Press,

1.00

1.47

1.44

0.00 0.81 0.06

0.50

TWO MAIN REASONS

1949-51."

imports of goods, services Government. aid $14,700,-

6.9. capital, remit- tances, and money put out by the. World Bank and Monetary Fund $5.800,000,000..

The 165-poge report Was summed up tr a single page diagram that showed for the In 1948, the last year before whole period of three years; the triumph of the new regime Foreign countries spent in the in China, the value of British U.S. $52,200,000,000. exports to China was £8,650.000 That was paid for by: and to Hongkong £20,675,000.

£8,201,0

1,900 $26,800,000,000; Imports amounted to from China and £5,510,000 from Hongkong. The goods in the ba trade changed "little in

1949 against 1030, though vegetable became the leading import, and machinery the leading ex-

That adds up to $50,100,000,000. Tha différence-$4,100,000,000 There seem to be two main reasons

for the exaggerated was added to foreign countries

dollar asseta And Chinese belief in the importance gold to Britain of trade with China, | Associated Press. the review

goes on. The first

lo Chine lies in the importance

past, of trade with Bri the tain. In 1930, for example, 10.0 per cent of Chinese trade was with the United Kingdom and mission and the Commerce 7.5 per cent with Hongkong, Department said that the steel though, the second, of course, strike

this year's was not ultimately trade with prevented from being larger. outlays

Estimated plant and equipment expenditures in the first quarter at 1053 will be made at an annual rate of $28,700,000,000.

Washington, Dec. 17. American business spent bulld and $20,900,000,000 to expand factories and buy new year, and wil equipment this spend even faster in the next the Government months,

reported."

A joint estimate by the Security and Exchange Com-

300 GP 1995 LAND, ETC.

1X Hotel... 1.70 7.80 4000 @ 734mical HK. Lond

(0) ... (N)***** shai Land .1.23 1.33 Humphreys 13.30 13.09 1000 @ 134 UTILITIES

Tram 21.00 1200 @ 23.10

Egypt suggested the barter of cotton for tea and was reported to be taking measures to im- port tea from other countries |- instend 'of from Ceylon. France-Presse.

Japan's Import Of Coal

A total of 220,502 tons of coal

a

Tram

Btar Ferry 117

200 118 C. Light (0) 9:30 da 1000 9.35 1500 9.35 500054

C. Light (N) 0.0.15 Electric.... 23 23.30 Telephone INDUSTRIALS

Сетедь

Hope BTORES,

Dagy

Watson,

16

(RG) 4.75

....18.20

2:00 @ 4

Britain.

The other reason fles, in the nature of British Arms operating in China and the existence of large British assets in the for

and Treaty It said that all major in- mer, Concessions

Forts. The

The latest official estimato dustries except transportation, Fox plan an Increased annual rate of of the value of these assets made plant and equipment spending. by Mr Eden, the Foreign Seere Manufacturers show the largest tary, last May, was "something and 2200 million Increase in investment.

Their between

R280 million." year's capital

10 000 18.50ostimated at $12,500.00 12

20.30 *Etc.

L. Crawford

Wing On

Tokyo, Dec. 17. were Imported by Japan in COTTONS November, according to the Ministry of International Trade

and Industry.....

Ewo

18.co

19. 800 – 18.80

per

cent more than last year, The report noted na indication of a a reverse in the downward trend of plant and equipment

LOBT ABBETS

"In practice," the review states, "the Briftth firms opera-,

no erliexpenditure by many non-defenceing in China loomed larger. Ja

The total included about Exchange Rates

200,000 tons of coking coal

mostly from the Ublied States

Industries--United Press....

Chinese over them these figures

would indiente, for one of their

LONDON TIN MARKET

*! London, Dec. 17, The tin market was firmor this morning. Turnover was 90 lons, including 23 tons for cash. Prices closed as follows- Spot the buyers spot in, tellers Business done at

044 Three-month tin, buyera 041% Three-months sellers 942 Busintes done at.......... Bettioment

247-043 United Press,

Barter Scheme Planned

17

Forecast Of

Cotton

Production

Washingion, Dèo 17. The December review of the International, Cotton Advisory Committee reported today that cotton production in the northern Hemisphere is expected to be. almost iden

identical with the last season's level.

The

United States

crop is fractionally.

under the 1951-02 Wille reductions up to

500,000 bales in Mexico and

unu

India dre likely to be more than leet by an mcrease in Middle Eastern countries and Pakistan. the southern Prospects

lower total hemisphere point to production this season on account of the expected decline in the Brazilian crop by over hales and possible miner reductions in

total

280,000

NOS

& ORIENTAL

SEPARABIL STEAM NAVIGATION · COMPANY

R.M.S. "CANTON"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

FRIDAY the 19th December at 12.00 Noon for the UNITED KINGDOM vin Straits, Colombo, Bombay, Aden. and Port Said.

ALL passengers baggage must be Rent to the Hongkong & Kowloon Wharf Co.'s Godown at NO. 2 GATE, CANTON ROAD ENTRANCE. by....... NOON on THURSDAY, 18th Decem- ber, 1952.

SPECIAL NOTE: 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.

other South EMBARKATION: Amertent countries.

In all," It concludes, “Il ap- pears that cotton production in ike free,world during the pre- sent Beacon will be very neurly as large as last season."--United

Pre

Rubber Futures

In S'pore

Blugupõta, Déc. 17.

Colombo, Dec. 16.. Me Tichard Senanayake, Cay- ・most Important, though 1⁄4 10% dan Minister of Commerce and tarigible, assets ny in their Trade, said today that he is coh- NY Stock Exchange Chios and in the reputation for the exchange of Ceylon tes today as follows

khowledge 62 trading condus aidering a barter arrangement Prices of rubber futures, élosed.

they bodd dequired from rears and Egyptian cotton. of nelivity in Chins.”

Test part of these

Död 176

Dow: Wont

arce at the

„Dusiness, was ‹ dona › In - Ahe local and India and some 17,000 tonne del Gotohanga markos this end of the of anthracite of which 518,700 morning, si the, Collowing, raizaba

175ganlar, form:

tons werd from Lidd-Enutid, frame, noto ERREE VENG

about 3,000 tona, froirs Bouth Africa and 860 tons from Korea. -France-Frosko

indoneren Balkan, pa ba?* * 180) ~ 221.20 Iam Leaper: 300)

540

Hincmpore - (BİTKİSİ)

| FIC pluttes (per-390).

stbad as.

40 bond

(} Number 1. fubvér, per ISL ****Mr Dudley. Benanayake, Prime Abrary E

Number 3 rubber, an BY BITRADURgite My Friend storide from Calro where he Number Sertiblan 1071 maric, that : Bolfy the “13ritmi the had ment General Number 4 rubber,

Rootrubbt Government and the arms Nagull, the Egyptian Premier get corbe themselves "remains convkaced Itouter.:

9211

No. pale crep

Will take place on FRIDAY, the 19th December, 1952 between 9.80, am, and 11.00.a.m.

BUSINESS REGULATION ORDINANCE 1952

Coples of the prescribed Forms 1(a), 1(b) and (c);

Now On Sale at S. C. M. Post, Ltd. HONGKONG AND KOWLOON TEN CENTS EACH