1953-01-06 — Page 1

ROYAL INTEROCEAN LINES

**TARMAN" “TJILUWAII

factory, reporting booming | "EJITJALENGKA" business, announced today -TJITONDOK" that 40,650 beetle-like-BANTJET" People's Cars were exported | “TAWANGI” in 1952 to 49 countries all TASMAN" over the world about "DOISEEVAIN 10,000 more than last year.

the.

blakerta... Esssarang, - Sużakalk`

Macassar

Belawan Dell, Penang, Singapore,

Reunion, Durban

Africa

Singapore. Penang di Belawan Dell Singapore, Djakaria, Bemara

"Nurabala' di Miscazia?

Singapore, Djakarta,

1. Africa & ́ 1, Amarica Djakarta SOMNIANE, Burabala

Зарал

Singapore. Djakaria,

Kurubala a Matemat

Jazta

Japan

BAILINGS:

"TIHODA 19.

"VAN EKUTSE*

Jan, '12

Jan. 15 Jab. H

JA **

Jnk. 2

Jan. 23

Feb.

Feb.

Feb, Feb.

Feb. 17

Feb.

19

Feb. 21

Feb. 23

Feb. 23 Mar. 2

.

Japan

"STRAAT

MAKAIBAN "TJKAMPEK"

Seventeen thousand workers in the huge Volkswagen plant-at-- “TJIMENTENG" west of the Iron Curtain, in- Wolfsburg, only a few miles

"THLUWAN" creased last year's output by 27 #POISSEVAIN" per cent and, in all, produced 136,070 cars.

“TJIBANTJET“

"TASMAN" "YJIWANGr”

The domand. for the rear- engined, air-cooled, four-seaters is so high that customers In Germany have now to wall four Germans are £375 for the saloon cr five months. Prices for the and £480 for the luxury model.

More sorlous doubts lie in other parts of the world. This money, of course, is pay- able in the creditors currencies,ample, what are the full de and so it is bound to affect our ment with Argentina? What is

lalls

of our new Trade Agree gold and dollar reserves,

Brazil doing tbout her foreign Fortunately October and No-exchange system, and is there Importers of People's Cars, de- In Sweden, one of the biggCSE of her paying her ilvery time good any chance

has reached 19 outstanding debts?

months. Greatest part of the Much nearer home, there is M. Pinay's resignation, with the export goes to European coun- further doubt which

tries. Belgium, Switzerland, ably throws on the stability of list of importing countries.

inevit Holland and Sweden top the France and the franc.

vember were, relatively months, during which we goined $210 million.

In December we have received $80 million in goll as the result of our November dealings with the European Payments Union,

Nor is there any, reason to fear that our general December trode has been 100 unfavour uble.

The apshot is that despite the debt payments to America And Canada, we should end the year with more gold and dollars in our reserves than we had three months before,

JAPANESE RUMOURS

This is a comforting thought,

so far as it goes, but the out- look for international trade and finance is far from clear.

The fears that Japan might run so short of Sterling as to be

NO REAL GAIN

It is no real goin to us to acquire gold from the-European Payments Union, if that gain Ricans that France (or any other country, for that matter) is losing more than she can

afford.

Yet the overseas news has its cheerful side as well.

The fact that Anglo-Iranian is about to issue £20 million of ૐ per cent debentures Is sufficient proof of the magnitude

of its development plans.

During the past month or two there have been suggestions of

TO FAR EAST But the German People's Car haa also

conquered overseas markets. In Africa, people in Egypt. South Africa, Kenya and the Rhodesies have started to buy the car.

Latest achievement in, the export Volkswagen

drive is Canada, where the first batch of 150 cars from Wolfsburg has already arrived.

their own distribution company The Germans hope to establish in Canada and also report an Excellent

market for their

a world-wide over-production Transporters-little buses with of oil. This may be true, but,

the People's Car rear engine. if so, it is probably ⚫ passing

unnble to meet her debt obliga- pe margin between scarcity

The

tions always seemed exaggerated, and it is not surprising that and glut is often very narrow, more reassuring statements were and unless and uni atomic quickly forthcoming.

power becomes an economle There seems no reason why reality, one cannot believe that holdin of Зарапека bonds the oil industry hus not a

future, before it..

BARTER

TRADE

PROPOSAL

Extension Of Pact

Manila, Jan. 5.

GOLD-MINING

Next year the factory wiki start exporting to Far Eastern countries Japan and Slam.

INCREASE

IN FEES PROPOSED

Another industry which now has its interesting points is gold- mining. During 1952, South African gold shares fell on the London market by about nine per cent, this figure belog an

Washington, Jra. 5. average.

The Agriculture Department many people have falled has proposed an increase in its What to notice is that during 1952 fees for reviewing the classifica- average working costs have c- tions of cotton stored under

Cotton Futures Regulations.

Interested persons will have until January 28 to submit their comments on the proposal to the Direside of the Cotton Branch of Agriculture Department'.

and have Production

Marketing Administration,

mained very stable. They touch- ed their highest point for the year last February (34s, 94, per The offeinl Philippine move ton) and their lowest point in to extend the barter imde agree- | January and May (333. 4d, por ment with Japan cleared the first hurdle in the Senate today with the assurance of support from the Senate's Foreign Afpirs Committee chairman, opposition. |ist Jore"Zulueta.

Spealing for the committee, he replied to the suggestion of the Foreign Affairs Secretary, Joa- quin Elizalde.

He said that it was the opinion of the committee that the agree ment should be extended för at least three months.

the

ton). The October figure was

345. Id. per lon.

51

chance

the

II working • costs stabilised, it is of the utmost Importance. It suggests very strongly that the year's fall in increase of five cents a bale for The Department suggested an share prices is 'due mainly to political uncertainties, and that viewing the cotton classifica-

tions. This would raise the cost. on their own merits gold- higher. mining shares ought to stand pe bale, from 30 to 35 cents.

It may bo that the The Department announce. political. atmosphere will be- ment said the increase would come clearer after next May's apply only to reviews of classi- South African elections. This Acations of cotton for delivery Mr Elizalde began consulta-

another reason tions with the other

for being under futures contracts and not Cabinet hopeful about gold shares. to cotton classlited under the membere yesterday on advisability of continuing the At home, the big dead-weight Cotton Standards Act,

on everything At the moment 19 the growing agreement, Budget thrice- extended

little there seems ending the financial year on an The Central Bank and the even keel. Yet the one certain Finance Department have already thing is that taxaifon must be expressed support for an exten~ { reduced if our industry and sion, but the Commerce Depart- commerce are 10 have слу ment hus not yet made its views | future, known.

So I end where I began. The Ometal circles predicted that tax demand notes that mixed at the end of the proposed now themselves up with our Christ- extension period, the Philippine mas cards were the real skele Senate would have determined ton at our Christmas feast. on is action on the Japanese peace treaty, thus paving the way for possible resumption of normal trade relations between the two countries. — France- Pressc.

which is duė to expire January

3

Italy's Trade

the

With Japan

•

Rome, Jan. 5,

Italian exporis to Japan in Árst ton months of 1052 thowed an increase compared with the same period of 1951; o lalian National Institute of Statistics sald today,

to

Break

Sharp

In Grains

Chicago, Jan. 5. Grain prices broke sharply on the Board of Trade today with dealings becoming very active late in the session.

The increase was suggested, the Department said, in order to bring the fee for reviews lo the applicant into line with the cost of the service.

The Department also proposed to change the fee charged for telephone or telegraph trans- mission of cotton classing. In formation under futures del!-

veries from five cents a bale to the actual toll charac.

It sold that in many instances, persons involved asked that the classing information, be furnished them either by telephone or telegraph.

Cotton for future delivery is classified by Agriculture Depart- ment agents who inspect the material at warehouses where it is stored.

Firms may contest the classi- Acations and, appeal to the

Department Agriculture

in of Washington for a change Losses of several cents were classifications. The proposed in- running for all parts. All wheat crease in fees would apply to and rye contracts tumbled to these requests for reviews, new seasonal lows. So did some Associated Press. corn and oats deliveries..

Brokers were at a loss to ac- count for the decline. They rioled weakness In severní other com-

AMERICAN RICE EXPORTS

Italian exports Japan, modity markets and suggested which

during the first 10 that may have been an InQuence months of 1951 totalled 1,304,- here.

Washington, Jan, 9. Demand was limited and at 300,000 lire, reached 10,102,400,-.

The Agriculture Department 000 lire during the same period one time stoploss selling became reported today that US, rico of 1052.

quite heavy. Shortly before the exporta Inst October totalled close the market staged a rally 1,991,000 bags, of 100 poun:ls Imports from Japan also reducing extreme losses

each, an increase ¿f 412,000 showed an increase during the Wheat closed 2:1/4-3 1/2 bags over October 1851. samo period., n.1981, they were lower; corn 1 1/8 1 3/4; oats 2,350,000,000 Ire and during 1 3/4-2 1/0; vyo: 3 1/2-3/3 1952 they reached 3,050,000,000 lower; soybeans,2-2 1/2 lower. lire,

The principal Italian exports to Japan wero xics,

peeled tomatoru, textiles, typewriters. and motor-cars. Imports from: Japan were mainly pordelain.

that exelianges between ɑrbeed | pertumes, chemical, products, und Turkey might bo developed silks and į iron and pig" kronen abortly.France-Presse.

United Press..

Wheat:

Starch May July September Boybeanst January Marcis May July September

Total exports for last August- to Oktober vero 3,527,000 bags. which was 500,000 bags less than the same period of 1951-

There were less reserves on hand at the start of the present; [rico Vyear in August than a year earlier. The principat destinations are Ceylon, Japan, Cutia

Hongkong--United

Pread.

"STRAAT SOENDA" Nr. *TJIBODÁS"

"TJIRADANE" "TJILUWAR"

"TAMMAN" "THAAT

MAKABRAN”

"TUWANGI

Mar-

Mar. B diar. 14

Mar. 17

Blar. 22

2 Apr.

Bemarang

Djakarta, Semarang, Surabala

MACASA

Manila. Bingovore, E. & 8. Attien du.

8. America

Bingapore, Djakuria.

"Burabala & Mar

Singapore Vjakaria,

Semarang.

Atauritius,

8. Africa & 8. America Djakaria, Remarang, Burabola d

DIN CREAT

Singapore, Penang, & Helawan Doll Singapore, Djakarta.

Barabaia Macassar

Japan

Macassar

Remarang,

Bingapore. Djakarla, Semarang,

Surabala & Stacassar

Japan

singapore

DJakaria,

Africa & 8. America

Singapore. Djakarta, Semarans,

Burebala dinn

ARRIVALS"

Diskaria. Semarang.

"TJIBODAS"

"VAN HETSZ” "THLUWAHY

In Por

Jan. 10

Japan Japan

Jan, 12

From

Surabais A

Mauritius,

Stackskar, Arabela, Benara

Djakarta & Singapore

KING'S BUILDING, Ground Floor

TEL. 28015/18.

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MS.

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Jan. 18 Feb.

2

Feb. 11

Feb.

4 Feb. 16 Mar. 3

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