1952-12-29 — Page 9

Page

THE CHINA MAIL, MONDAY, DECEMBER 29, 1952.

Page

MESSAGERIES MARITIMES Western Europe Looking To ROYAL INTEROCEAN LINES

MOM

"FRY-HILL.”

"MONKAY”

BEST

Arriving · Leavtox

24 Jan. 23

Jai D Jan. V Kuehling Jang. ↑ Hongkong Jark. D_Jan,

Feb. 10

*"LA MARSEILLAISE". Naby it Feb. 14

For passenger and freight.

Outward For

Japan

Homeward For

M. Attien & Europe

R: Atries & Europe'

Starooliješ via Manila,

..

For freight to Saigon, Marcellies, Algiers, Tangler, Casablanca, Havre, Dullkirk, Antwerp & Rotterdam, Accepting Cargo:

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

Subject To Change Wilbont Notice.

CIE DES MESsageries MARITIMES

P.O. Box 63, Hongkong

Queen's Building (gr. floor)

EVERETT

Tel.: 26051 (8 linos),

LINES

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

"BRADEVERETT”

Arrives Solla

Jan. 2 from Singapore, Jan. 3 for Kobe Yokohama.

"LENEVERETT"

Arrives Sollt

Jan. 14 from Manlio. Jan. 18 for. Singapore, Penang,

Rangoon & Calcutta.

(Accepting cargo for trambipment Kobe/Putan and Kobe/Oklhawa)

EVERETT STAR LINE

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

M.S. "STAR BETELGEUSE"

Arrives Salls

#

Dec. 20 from Singapore, Dec, 30 for Kobie Osaka, Nagoya ̧ ̄&

Yokohama

M. S. "STAR ARCTURUS”

Arrives Salla

Jan,

from Japan,

Jan. 9. for Singapore, Port Swatten- hám, Madras, Colombo, Bombay, Karachi, Kharram- shahr, Basrah & Bahrain,

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

EVERETT STEAMSHIP CORPORATION S/A Quoan's Building, Telephone 31206. Chinese Departmant: Telephono 28293,

Business

Boost In America

Washington, Dec. 28. Higher incomes and bigger spending gave American business

HONGKONG

SHARE MARKET

(From Our Correspondent)

Business done on the Stock Exchange this morning amount- a strong boost in the closing ed to $285,362.40. Noon quota months of 1052,"the Commerce) tons and the moming's trans- Department reparted today.

In its December survey of cur rent business, the Department noted a steady growth of personal income, continued upswing of retail sales, a peak volume of investment by business and in- creases in employment which wwere more than usual at this season. It all added up to a rosy report on the U.S, economy,

Personal Income talallel $270- 000,000,000

October and in climbed some more is November. The current rate is approximato- ly live percent higher than in the first half of the year. This | rise, has been the biggest factor in boosting retail sales, the report caid.

Sales have been climbing sixes mid-Summet, and in October gised the January 1951 scare buying peak

actions

BHÁRÉS DUTERS SELLERS BALES BANKS

HK Bank 2. 1415 East Anx

INSURANCES

151

265 266

Canton Union Underwriters, allo SHIPPING

Waterbost Ada Nov. 1.40 1.00 800 @ 140 DOCKS, ETC.

.18 13.30 1000 @ 13.10 -Provident

(L) 0.30

500 & 3115 WHcolock

100 6.91 (Hb) 11:40. - 475 14 1120 500 Gr 11:40. 1000 € 115

0000

America And

Japan To

Improved Economic

Sign Pact? Position During 1953

A Japan-United States cobimerce And Navigation

pact, designed to creato de les between close edéndido,

countries, Ja the likely to be alged in February,

Japane Government source said today

A

Tin thi Lịch Bay "most favoured mation" rights in the other's terri- tory for ten years.

According to the sogros, American businessmen hers would have the saine rijlen is Japancad and would ho able to remit their profits home withbit nindrance Reuter,

RUBBER

BUREAU REPORT

BUT MUCH DEPENDS ON AMERICA

London, Dec. 28.

Western Europe looks to better times next year, But much depends on the United States,

Associated Press reports showed that most countries are counting an U.S. trade, aid and dollars for defence to give their economies another shot of prosperity in 1968.

No one expects full prosperity yet. There are too many problems of trade and finance for thất.

But there is no fear of a general depression, either long as the U.S. economy stays strong.

increases, business' is bound to fell off more next year........

Western Germany: 1032 was a boom, year with the nation's Most Western European coun economy making rapid advances trics are confident, too, that over 1051, Industrial production their

economies are on

soared to 181.5 for cent of the a more level footing today than a year

1930 average, compared with when $80

the

136.3 post-Korean war boom threatened to go bust.

which for Western Germany,

continued to enjoy boom ¡times, 1952 was a year of reces-

in 1904. Unemployment dropped sharply, and the Gov- ernment predicted that if the trend continum, real unemploy- ment wilt disappear in tow

Outlook For Tin Market

alon or levelling off in business | years Governmöbt and private | day thật, American stockpl activity.

thin.

Washington, Dec. 27. The experts said this reflect- The Natural Rubber Bureaued a return to healthier condi- sold in a statement, today thas tons of greater stability. 1953 may prove to be the best Some countries, notably Bri- France and Belgium, round year to date for rubber roads.

they could not afford to spend So they cut military plane on defence as they had spending to give their industries a chance to produce more and sell more both for home con- sumpilon and export,

The Bureau made the com ment in a year-end survey of the natural rubber industry. It and the development of rubber reads has been the most active natural rubber programme in the United States. The Bureau plancered such ronds in 1949.

Reviewing developments in rubber during the year, the Bureau said, "Last year, rubber

as much

IMPORT CUTS

But with world trade slacking off, trading nations like Britain and France found their exports mailing oft. So they felt obliged efforts to balance their trade and

Both

ར

London, Dec. 27. The Financini Thien cua tên would probably bravent tin prices froam falling

in the foreseeable future,, though world production was in excess of consumption.

Another factor keeping

price was the dispute and

the

Бай

the United Bolivia which has nationalised It's mines, Tin was pling up in Bolivia and at Chilean parts.

scientists developed crystallised to cut their imports sharply in pretherlands:-Favourable) dan would retain its predomin

save money.

in

trade

anco

world hidden viiput decided us price polley, the editorial

to

experts believe optimistic factors tend to outweigh negative ones and 1953 should be more prosperous than 1852. Uncertainties include the burden of German war debt and repara- tion payments, possible

TAW material

tween erial shortages and German tlon rearmament if the European army treaty is ratified,

Belgium:Industrial

produe- tion slumped slightly

Prices for the commodity had but Gov- emment sources said this was

-tended to case last month but due to

the fall was largely in the S of burli ness after

premium conditions in

or spot tin over 1951. There were slight in

metal for future delivery. creases in unemployment and whether the United States Re

Much, would depend living costs but no fear of a deconstruction Finance Corpord- on

rubber for saling shoes and other leather lace uses

that

in world markets and on Increased with

Tatly its favourably

The re-entry of Japan and while 67/213

synthetics in the

Western Germany

instated, "but this much at least from 146 per cent in same field. Rubber scientists trade as major producing and 1951 to 142 this year compared

can be said: at the moment also made advances in the pro- selling nations sharpened the to this 1938 base of 100; Prices there is little sign that the cess. By the use of this method, competition for markets

R.F.C. will

the

price be Hepress a variety of fabrics can be im

lended European leaders belleve that prospects depend on continue-low the present level"

50 down. Future pregnated with natutel rubber,

only by increasing trade belon of favourable Dutch trade, prom

The short-term outlook, was, greatly improving the wearing tween the dollar and non-higher defence spending and the

promising British stocks were and appearance qualities of dollar areas, can

Western US attitude toward importing not high and demand here was such materials. There also has Europe overcome its chronic

expected to

to grow,

demand, been a great deal of work in dollar famine and stand on its european goods

ITALY OPTIMISTIC

good

for the field of rubber adhesives.

Italy: Industrial Increased cool production

production

wae indicative of Ameri incketsed one per and good wheat and other crop

cent In 1852; | ****

can industrial requirements, "Great

strides have been harvests in 1962 eurved Western trend although text es tevile te "It may even be that tla dey

for made in improving old and in Europe considerabla hard cured although textiles weakened,

Living costs

secondary metal continued their mond #roducing new rubber uses in rency normally spent in im- | MWAN

cannot contihup to be met al steady increase but unemploy the present rute so that the need building, mining, ship-building, the U.S. and Canada.

porting coal and

theat held

about even. Exports for virgin tin may be even railroad engineering and other

For the time belets, while the deficit. There were to signs of Financial Times concluded

fell,

increasing Italy'a

tre archter in the future," the widely diversified fields.**

Western defence build-up con- Commenting

rubber tinues, Western Europe had imminent, depression, however, UN

Reuter. producing Malaya, one of the quietly served notice it will and most economie observers world's major sources of natural need a continued flow of Ambri predicted better, times in 1053,- Austria: Indationary teh- rubber, the Bureau said, "Surely can ald the past year hy brought much.

dencies

werb curbed but there was a general business recessiort good news. Under the dynernie detion and full leadership of can

considerable rise in un- and a Sir Gerald Templer, the Com (OBEC), Western Europe's own employment, munists suffered number of co-ordinating body for increas there is no risk of a depression decided sut-backs and the initia- - Ing and economic health, tive:ls now. definitely in the sald. was dominated by although the spectaculer boom hands of the Government these fotees."

GREAT SIRIDES

af

MAIN FACTORS The Organisation for Europ

Economic Co-operation

factors:

Sweden: Businessmen report

col

Sation or levelling-off

(siderably in 1932. Foreign trade

Industrial production.

+

of 1951 diowed downi

shrunk and profit margina were

The

&condary Un; in the United

HUVR

*MTJINGDARY-

AVAN GRUZIZ”

-“THITJALENGKATM

*TJBANTJET“. *TJIWANDI -TASMAN- "STRAAT

TANG MAKABRAB'

-JILLĪTAR

“TSIMENTENO“ · "EVISSEVAIN"

**TSINANTSEE

TARMAN

"STRAAT.SOENDA" Feb.

JIWANGr

“TJEEDBAG"

*TJÍRÁÐANE”

"TJLUIYAN"

"ASIAN" MSTRAAT.

MAKASSAR"

TJIWANGI"

ནི བབས་

Kingapore,

Surabalz

Manus.

Djakarta,

Alamikian, S. Africa, & 7. America 10akarsa » Memerangi. – Hurubala.

Kinessaan en dessa ONARIMANTA kinkupore, renzik” melawan, Bell,

Rudgapses, Pukaig: &“Delkækd÷Doli

Bòmara

sthitabor,ek Dieharing Mantlitika

- || Africa AM. Amezien

Dikaria Rivargu,

“AIKENAKAN

Zipen

"Djakarta," Bemarang

MATEDla a zincaRRAY

Нарад

Djakarta Bemarang,

Machiday

Biokapote, Pjakaria, Semarang,

"Murahaja. & STACHESAP

Mania. Singoobte, 1, & 2, Africa &

B. America

Bingapore,

Djakarta, Atauris,

8. Afrin & 8. America bjakarta. Bemarang. Durabala', de

~ Macanza:

Singapore, Petang belawan Dett

JADRA

Відварате,

Djakarta, BERATEAN,

Surabala di Macassar Djakarta. Bemarang, Burada

Macassar Japan

Blogpore: Djakarta,

Surabala & Discaniar

Jápan

Kematang,

Singapore Djakarta, Maurilis,

8. Altica & 8. America Eingapore, Dfakarta, Sematang,

Buradale & Macassar

ABBIYALS · : From

Pehake, Belawan (Dell) & Singapore MacAsiat Rutabala. Remarang,

Djakarta. & Singapore

Japan

ཟ ཟླ ཀྵུ རྒྱུ སྤུསྡུམ མ འཕྱོ བ སྨྲ

**TASMAN" **TJIWANGI“.

"RUVA" *TJIBODAS"

In In

Jab.

Fort Port

Jan.

Japan

KING'S BUILDING, Ground Floor

,'

TEL. 28015/18.

CÍÍINÈSE ADENTS, §z CONNAUGHT RD, C. TELS. 31108, 25133.

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NON

Jan. Jan. 18 Feb.

NEXT SAILINGS

*M.S.

"JEPPESEN. MAERSK" '

M.S. "OLGA MAERSK”

M.S.

HULDA MAERSK"

CALLING VANCOUVER

ARRIVALS FROM U.S.A.

M.S.

"HULDA MAERSK"

Jan. 8

M.S.

"TREIN MAERSK”

Feb.

M.S.

NICOLINE 'MAERSK”

Feb. 16

AGENTS

For Freight and Further Particulars please apply to:

JEBSEN & CO.

Two New Oil Wells

Pedder Building.

Tel. Nos, 86066-0.

Dalss and rotation subject to clatige without notice, Al liberty iq":prdered via other pasta to, toad/discharge, cargo,

In Sarawak Only A Few Dark

Miri, Sarawak, Dec. 28. Sarawak Ollfields Limited

However, the time had 2 Shaky Interhak financial reduced. Living costs were certainly not arrived for over situation in some countries. stabilised last June. The but have announced that, two new... confidence, and there was still

lack of balance in trade | look 1 for 1853 generally appears exploration oil wells are to be more to be won. Rubber planters, with too many creditor and too good.

drilled in the vicinity - of this who already had one in every

many debtor nations,

Notway: The 1952 world declining allfeld, work to begin 41 of their number killed, will

4An even greater lack of trading slump hit Norway's

continue to produce rubber that { balance between the debtor han- | vital shipping industry early in 1953.

U.S.-

The two wells, Tudan No. is so vital to the world and dollar countries and the

blow, but the nation's economy

Three and Lonk Bay, will be dollars BO essential to the dominated

dollar area which generally held its own Therd

the first deliled in the once rich Sterling Area.

recnais an overwhelming credi- was full employment with only Miri olffold ared alneo 1943.-

minor drops lij production. The

The site of the Look Bay tor to the rest of the world.

Serious

reversal in the expert's bullock for 1953 is one well is on the fringe of Miri's trend toward Liberalising or of wary dilimlem neeing, trade because certain

known deposits and the well s Denmark: --THE scotiomie planned to go down to about countries, notably Britain and situation is how fodkitig up

feet France had to impose

5,000 critical new after

The Tudon No. Three will be restrictions, on their limports the

the Korean drilled outside the present war Trade was Bidfeed a borders of the Miri field and fis BRITAIN'S POSITION Based on Associated Press - September and prospects für por el in the Jungle, about three miles from the big oll re- Anery at Luteng: about seven miles from here.,

The Bureau said, "Rubber la the largest, single dollar carner for Sterling nations. This is of obvious importance, to nations in the British ochit. It is of equal importance to the US which is mors and more swing ing in its international trade relations toward the basic economics of trade not ald."

SYNTHETIC BÚÉDER

& following,

ports, here is a brief country- | 1880 are considertü ૧, ૧૦૦, he

and Aust

Spots In U.S. Economic Picture

Washington, Dec. 28.

The US Department of Commerce today reported a generally bright year-end business pic- ture which nevertheless had a dark spot or two.

The round-up of business, conditions by the Des þártment's Office of Business Economics appeared in the monthly - departmental publication, "Survey of Current Business.

by-country summary of scan are no signs of depression, t mic conditions in 1932 and thu BETTER YEAL AHEAD? Switzerland: There wits outlook for 1953. ****

The chief, dark spots were the'} 000,000, seasonally, adjusted, fos Tudan Three is planned to go Britain Sharp cuts in im- certain The Reconstruction Finance

rtain weekening in the hig

declines in farm prices and in the first time soared above the about: 10,000 feet; very down. ports halted serious train on prosperity which had been bullt much deeper than the majority mymitacturers unfilled andars January, 1931 peak of post-Korca 790 800 10 700 Corporation reparteti

Government-owned gold and dollar reserves. In up since the want that

reare buying, Part of the rise Tem ternal deflation brought a

of the existing

#well „* | financial and builder - circles

In the

Here are the highlights:

Beeted higher prices, la tu synthetic rubber plants pro-

welcomed the

light Miri area... duced 65.2 per cent of the Sickening in consumer demand, generally

textilo dipression A.

The Miri decline as praferable of new rubber consumption during shortage brought a deep shamp

Olfeld, production Persorial income rose $2,000,- Farm marketings, sales of threatened booth and bust whichh

has declined to just 000,000, at a seasonably adjusted farm producis-in the Grat nine the Bscal year which-ended

over 1000 barrels a day (one In Industrial production in mid- cycle. A majority

annual rate, In October, to $278, months of this year ran five of Swiss June 80.

1932 but conditions improved business festes predicted bet atral equals 42 United States 000,000,000 a year, tind continued

thead, of markelings "in percent piiput alon sald in its later, and Industrial The A.F.c.

gallons).

tó coupe

in November, The current the first nine months of 1931. 1: 1910,

Is estimated at about five This has led to lower prices for annual report that it retained staged a comeback Beginning in tertio in 1959,

The first-inrgd-lead export of percent above the raty provilling processed foods and is due to be Spain-Bumper crops in 1051 cial Interearst attracted in operation 28 facilities con Beptember

angl 1952 add the end of a long stituting the synthetic rubber

ri the first aix motus of this reflected in other retail sectors... manufactured exporta

oil took place in 1913, - and.... by programme but discussions were fell sharply largely a result drought marked a general tip-

Economiche end of 1049 the felt had fer the rate this October was held in the latter part of the of money-saving import cuts by tufa in

departeso com produced a total of houty: 7 approximately 5.3 percent, uboðn “Kindufacturers malos were up fiscal year regarding their Australly and our Bra

dice,

world tende, how 500,000 barrels of oil (jpeg) the shinjudi income ratu in Octo-$1,000,000,000 in : October, com-

15 has been replaced in im- customers increased com

affooled the Government's

ber a year ago.

pared with September Whales. petlion from West Germany

retailers nike con salers and

LAND, ETC.

I flotel S'hai Band 11 130 UTILITIES

Tramic, 22.20 22.40 2100 Biar Forty .

7.75

21.30

1908-19 245

C. Light (0) 9.40 9.50 1000 9.48|| disposal.

1180 9:45-

·12

. 4.00

4.7%

"Tie

British ton

འ

accelerated. synthetic and Japang, The: outlook for Industriallaïtion plans Spain portance by the Seria Ollfield,, Hildiness expetklifurès for, new rided to add to their inventories,

1668

100% or 1

Big American credits" miles away in Brunis, operated

milltary bases to ro- by the British - Malorus Potro pinnits and equipment was ' - 'run- trade and financiat, safn, prod Torotnie.

Letion Company Limited, inning in the last three months of partly to recoup inventory re

ductions during the steel strike, ni umociated company-kenter, ku yours at an aquat rate but also reflecting the increased about $24,250 000 000. It was ex volume of production and, siles. nation's security, Insofar as Brush Commonwealth con

pected to Hise hear $24,750,000,000 adequate supply of new ference in late 1952.

Industrialisation New Venture In rubber is, concerned.

Philippines

| fiscal year havý, assured: 19 18 proposed by the zied by the Covetats |

מם

9.45

rubber production and the coft-1961 is fairly encouraging 420 14 -0.43 500 of 0.43 tinuing large volume of natural based mainly on Hopes of dollars (C), Light (N) (1.20.05.

Electric ...21.70 £180 1000 230 rubber imports, during the Telaphome 18.90

(RE) 4.50 INDUSTRIALS

Cement .... 18.00 10.2Ó Hope. STONES, ETC.

Dairy: i. 18.00 19.10 200 1.00 Watson Emporium COTTONS

BWO

There were some indications That person who had purchased more than they needed in the scare buying waves of 1980-

Pand 1001 Have et test worn out the goods they bought and are buying miere of the same household equipment such da television cots, radios, refdgerators and MicELLANEOUS

futniture.

100019

400.

Trande-Increased production

and

programme alx-yebr

exports have domestic Anankes "By July, 1981, the produce was noted in ecal, stort from and scheme. Controlled. tion of general purpose certain other heavy indibles ing

tho- defence pro endel Portugal's dependecker on

Whynthetlo rubber reached, the fluepeod ; RAWT corresponding | foreign' crèdits, and today th6-

There were 12,500 000 per Exchange Rates

working, th November, the high-

est of any November. It was tho

rembs of further expansion of uncial

prodjursjon, in many fiúkkseyrkelisat) then ojowing faces

Werkkis die working, mus

Hours, por "week" aika", klaftalika

Blais tirais (per 100)

more per hour, the report coinagore. (Biraita)

cluded. Unites FAVER

goal of 760,000 long tons per graining year through operation of Lalling off in output of durabis nation is a big creditor to exlating planta at capacity and consumer goods and

Associated Press), pationa

"remotivasions, or plants previously: Ekporte late, in the sailey Britain and ather: Europban

hairtaiged in landsby, a con- ledverb southwhat is on 'dition, t

"Dutting the fiscal year 1901

prit

for pneumalle inner they Year that unl

Man production of steel drums has just boen started in the Palliminés Ay s now dits BELSEA, by the Elkjuptrimi címvidio Cola Ighter Sold · Soriano, priteni di Philppines

06. 20. freighter Min, Birth sod

Daniel

per your blog the | January. The dark spola rboridry-March Quarter az 1953. "

Under the impact of heavy Civilan employment was 67,- 200,000 in November, higher than marketings, farm prices have ever before in that month and declined. The all-firm products reflected continica expansion of price index (1018-14 average production. The factory work equalling 109), dropped trom 200 ata: 262% in wook average was 41-1/2 hours in October 1951, in October,initull hour longer October this year. Farm prices then a gear, Indore. The blast continued to slip In November,

ncroped, was in conjurer avoda

Unalled orders, in the hands of manufacturers, took their biggest

A LAGRETAIL SALES-

A 1200 Srop-in October (Binees the Korent

River in 22 KASVELVETRA G

Astning began in mid-1850, The www.letal sales, prodded by fling month reduction of $1,000, 4 PORN INCOTION SITUDE: ADWANA.000.000, however, left six montha 'from mid-Sumite and were all work on hand, at the current ente climbing: in November, October| ofta factory," sales, * Associatodi retail sales, at just över $15,000, Press.

osta ysar" on a one-shiftan-day: Untis.