1953-01-14 — Page 9

Page

THE CHINA MAIL, WEDNESDAY, JANUARY 14, 1953,

MESSAGERIES MARITIMES Future

M

Arriving Leaving

Man, 20

Jan. 29

21

23

"FRY-HILL"

"LA MARSEILLAISE". Feb.

"BREST"

་

Feb. 9

"FRY HILL"

Mar. 2

*"LA MARSEILLAISE", Star. 7

*Feb. 10 Mar. Z Star.

*

For passenger and freight

M

Gutward For

Japan

Vokohama Kobe

Homeward For

N. Africa & Europe N. Africa, & Europe Marselles vii Manila

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

Acceptingt cargo:

--vla Marseilles to all Mediterranean & West Africa Ports

-via Djibouti to Madagascar.

Subject To Change Whaut Notice.

CIE DES MESSAGERIES MARITIMES

P.O. Box 53, Hongkong

Queen's Building (gr. floor)

EVERETT

Tel. 26651 (3 lincs).

LINES

EVERETT ORIENT

LINE

Fast regulur freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Slam, Malaya, Rangoon, Calcutta and

Chittagong.

"LENEVERETT"

Arrives

Salls

Jan. 18 from Manila,

Jun. 10 for Singapore, Penang,

Rangoon & Calcutta.

\"BRADEVERETT"

Arrives Salls

Jan. 30 from Manila

Jun. 31 for Singapore,

Rangoon & Calcutta,

(Accepilng cargo for tranalipwent Kobe/Pusan and Kabe/Okinawa)

Penang,

EVERETT STAR LINE

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

M.S. "STAR BETELGEUSE"

Arrives

Sails

Jan. 22 from Japan.

Jan. 23 för Singapore, Port Swellen- ban. Madras, Colombo, Bombay, Karachi, Khorram- Bahrein. shuhr, Basrah &

"STAR ALCYONE".

Arrives Soils

Jan. 23 froin. Singapore.

Jan. 24 for Kobe & Yokohama.

(Accepting cargo for transhipment Kobė/Pusan and Kobe/Okinawa)

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

India Had A Good

Year In

1952

Bombay, Jan. 13. The year 1952, which aaw India complete five years of independence, was LO period of progress for India despite à temporary business recession and in- fumerable other difficulties.

There was a reversal of trend in the inflationary spiral with prices finishing downward about the end of the year.

Meanwhile, announcement of the Indian Planning Commis- sion's report-calling for on ex-

The Rubber endure of Rs. 20,690,000,000

Markets

gave a stabilising effect to e

structure, economic

arlous

New York, Jan, '13. Prices of rubber futures closed result in an

is to be spent on

Barter Pact ExtensionTM

Manila, Jan, 13. Foreign Secretary Joaquin M. Kitaalde said last night he will fustruot the Philippine mission in Tokyo to begin negotiations to extend the barter trade agreement with Japan.

The Philippines will seek another four-month exten- sion In the pact, which is to expire on Jan. 31.

Air Elizalde said the four- mouth extension Is

La being rought with the expectation that the Japanese, peace treaty will be acted upon during the period Congress, Associated Pre19.

Calcutta Harbour Facilities

by

Japanese Warning

Calcutta, Jan, 13.

Page 9.

Of American Markets ROYAL INTEROCEAN LINES

Surveyed: Defence Expansion And After

Washington, Jan. 13.

The Secretary of Commerce has published a long report with the title "Markets after the Defence Expansion," which was produced by a committee of independent economists working with members of his department,

The report was undertaken, according to Mr Sawyer's explanatory foreword, because he believed that "American business men are just as emotional as any other group" and as "easily susceptible to fear."

He therefore thought that it was desirable to { furnish them with “a survey of what the economic outlook as business problems may be when we reach the post-rearmament level of supply and demand."

This explanation suggests that į fleeting a general, rather than the report was always intended a partisan, attitude. to be, as is, a reassuring one.

It is a fairly detailed docu- ment of nearly 100 pages, which reaches the conclusion that "tho prospective rise in defence ex- penditures, the continud strength of fixed demands, and the cur- rent satisfactory inventory position of business points to- wards satrong probability, though of course not

business in 1953.

the ber-

A leading Japanese business-tainly, of another good year of man warned today that unless the city's "poor" port facilities were improved he could not Fee any

Japanese of possibility buyers entering into long-term Indian contracts to purchase Iron ore and coal.

The prospect for 1934 is call- ect "more uncertain," partly because "the period is more rewi note and the basic assumptions

still less firmly founded."

1931 PURCHASES

On the hopeful side there is e fact that purchases by the federal, state, and local govern- ments are likely to be higher In 1054 than in 1953, and that cor-

per

Tomuji Kato, one of the 13- man Japanese delegation which attended the Brat International Chamber of

Commerce- sponsored Commission en Asian and Far Eastern Alfairs Here and who is also the representa-orations are planning to spend on capital investment about 90 tive of Japanese steet interests,

cent of what they will the condemned

mordinate

spend next year, when they in- delays and deadlocks" al

tend to come close to the Ogure Calcutta jellies affecting Indian

for 1952. "The sum of Govern- exports to his country.

ment purchases and of invest- ofment In non-farm planl and

equipment,

which

10 amounts more than $100,000m. Inpproxi- mately £33,333m.]," report says, will be at least as in 1953, on the basis of present pro grammes. This large and dynu- mic portion of the market thus provides an important element of strength in the outlook for

Mr Kalo told a meeting Asian businessmen: "The present shipping facilities of Calcula are not satisfactory with loading and unionding capacity limited." He pointed cut only improved clear- ing facilities could lower becan freight rates and increase Indian which were all quoted exports fab. (free on board).

He revealed Japanese buyers had been approached by Indian business houses eager to nego~ late long-term agreements. "With the present

setup al Calcutta port we are forced to decline these offers," he said.

D

|

1954.

the

The less optimistic pasalbil- ties are that "business aggres- siveness may be tempered by a falling-off in the placement of new defence orders and by fears of future trouble when actual spending slackens, the likelihood of a reduction in de- fence - supporting inventories, and the prospect that there may be some weakening in residen- ttal construction and possibly some of the consumers' durobics"

In

A BOTTLENECK Mr Kato said that it Calcutta offered better shipping facil- ties-Calcutta handles about per cent of the total freight to and from Japan-Japan would be in n position to appreciably step up her present purchase of

These factors, the report says, 250,000 to 300,000-tons-of-on-furnish present -grounds--for

590,000 to 700,000 tons ore and

doubi" about 1854 which "would of enal frum India.

be 'much reinforced If 1954 should Caleutia serves

happen to be on the downward phase of the civilian- inventory cycle."

as the ship- point for West Bengal, ment Orisi and Bihar which are Important sources for the sup-

ply of coal, iron ore, manganese These exports and scrap iron. are constantly bottlenecked here with ships invariably foreal to wait days, on end for the alloca- tion of wharfside accommoda- Lon.

esc

TEST FOR ECONOMY

It therefore admits that there is a "real possibility" of a downturn in that year, although as it points out the case for it then seems not much stronger the case that

ean usually be made so far in advance of any date,

|

Provision for development of

Turning to 1935, the report the city's shipping facilities as

finds that the projected! decline made in India's first. US$4,250,-

in defence expenditure will 000,000 dive-year plan is doubi-

Leat realistic admission of the provide a serious less

of the of the problem as strength of the cecnomy.. This urgency stressed by Mr Kate. The Japan. reduction will be almost entire

Government. purchases businersman said it would be lyin

goods and unfortunate if a start to the port from the durable

Industries, and Improvements was delayed thus construction contributing to a possible fizzle these Industries may at the same in the growth of Indo-Japanese time be experiencing a slacken- trade.-United Press.

In the private Ing of demand investment field. The report de- cides, therefore, that "1955 op- pears to be a year in which it will be of major importance sizably to expand' private mor- kels to maintain high level of

a business activity,”

In his statement accompany- ing the report

the Secretary expresses

his belief that the of the country "should economy be able to take care of itself with planning and Inlitative.

LONDON TIN MARKET

The monest

London, Jun 13.

was steady The tin market development projects ver the next five years, which, this morning. Turnover was 30 tons including 25 tons for cash. when completed, are expected in

per cent, The contracts. Trading

long-range erratic after early runtess with solution of India's problem of higher vables,

market food production and economic turned reactionary at the close development lies in pushing under dealers' pressure in May ahead with her multi-purpose Business done at delivery. The outside market river valley projects. was inactive with factory buyers

3 to 40 higher with sales totalling income by lease in national Prices closed at the end of the

33

The

WDS

and lasting

official morning session follows:- Spot un, buyers Bpot in, setions Business Cone ot Three-months tin, buyers Three-monthis un, seiler

Settlement

Urilled Prens.

050

250

937-036 0413% 042 542

Considerable progress WDE

hesitant ΟΠ light shipment achieved in 1932 on these pro-

offerings.

March

May

July.

September December

March Spot

28.120AS

27.00 bid 27.15 nominal 28.05 nominal 4.05 nominal 20EP United Press.

LONDON MARKET

London, Jan. 13. The rubber market was 'dull Prices closed as follows

Number 1 rubber,

24-2514

in pence per ib.

February

Morch

April/Juno

July/September

October/December

United Press,

Singapore Rubber

Singapore, Jan, 13, Prices of rubber futures closed today as follows:---

Number 1 rubber, per 1h.

February ... March April

04-80

ects some of which are among the world's biggest but much remains to be done.

India also went ahead during the year in setting up large fac- tories, ship-building yards* and scientific and technical institu-

tions,

The Community projects and development blocks scheme was started during the Summer with the help of the United States Government.

These projects are designed to promote the pre-requisito for additional productivity muchos cater for all the basic elements of India's rural life.

can

Wall Street :

Advances

New Yorke, Jon, 13.. The stock market advanced today, recovering much of the loso buffered yesterday.

Gains ranged from tmctions to 32 per share, while loses were, scattered and fractional,

One million eight hundred thousand shares were tradeti,

Railroads, steels, automobiles, rubbers and aircrafts advanced.

Acrociated Press

be

Nevertheless, there are many other economists who would consider the report as being misleading in its optimlam, and it seems to have been coloured by Mr Sawyer's own

desire to paint the possible picture,

Switch By Australian

Industry Expected

the

Me

DROP IN

TEXTILE EXPORTS

London, Jan. 13.

"TARMAN” *THLUWAU{"

SAILINGS

Jan. 16 Jan.

"TITJALENGKA” Jan.

To

Kinxaporr, Penang & felawan Den Kingapore. DJARAMA, Remarang,

-Buribals & NIRCAMAT

Singapore, 1)JAMATTA, Mauritius,

"K, Afclea' & N. Amnestra #jakarta Mentarang. Muzabala Su

Мдедект

Japan

Singapore. Dakarta, SeMAJABE.

Kurabala Maravine

"TIPONDOK"

Jan, 11

*TJIHANTJET"

"TJIWANGI

Jan. 23 Feb.

Fab. + Feb.

Japan

3

Japan

reb. '

Japan

FAD,

9

**TARMAN" "DOISSEVAIN" "STRAAT

MARABBAR”

· "TIKAMPEK"

TJIMENTENG"

"THLUWAN"

"DOISSEVAIN"

*THBANTJET

"TARMAN" "TUWANGI"

Геф. 11

Djakasta

REMATANK, Aurabafa"

Macassar

Manila, Singapore, E. & H. Africa &:

3. Amerien

Kingspor. Djakarta, Semarans,

Aurahain & Marnecar

Singapore, Djakarta. Atauritius,

8. Africa & 8. America Djakarta Semarang, Surabala

atacassar

Ringapore, Penang a Belswan Den Singapore. Djakarta,

SEMATAGE,

Feb. 18

Feb. 23

Feb. 23

Feb. 25 Star. Z.

Japan

Mar.

Djakeria,

Rurabala

35ar.

16

Singapore,

Nurabala & Martsar

Japan.

Mar, 17

"STRAAT KOENDA” MAP. "TJIBODAS"

**TJIBWASI"

"THRADANE”

"TARMAN'

MAKASSAN” Mar. 22

STRAAT

THPONDOK"

MAT, 23

"THWANG

Apr. 2

*TJPANAS"

Apr.

Sn Por

"TARMAN"

Jan. 13 #TITJALENGKA" Jalt 20

British cotton textile ex- ports to the main Common- "THLUWAR" wealth markets last year were only a little over a half as large as those for the previous year.

Announcing this, Mr. F. H. Beckett, chairman of the Domi- nions of the Manchester Cham-: ber of Commerce, blamed Com- monwealth restrictions parti- cularly in

in Australia and New Zealand for the sharp decline of exports..

These

import controls, he said, had the effect of severely limit- ing the normal flow of all kinds

of merchandise. They had dealt a most damaging blow to the United Kingdom

exports trade at a critical time,

he

Canberra, Jan. 13. Australia is exported switch more resources from in- dustry to food production after Exports of U.K. cotton and Cabinet approval fater this week rayon piece-goods to Australia of decisions taken at the London between May 1 and October 31, Commonwealth Prime Ministers 1052, amounted to only 20,738,- conference in December,

000 square yards, compared with She

ไ also expected to relax 193,761,000 square

In the yards possibly considerably,

next same period of 1951, month,

drastic

Import Mr Beckett hoped the Austra- restrictions imposed last year to lian Government would see its check her overseas trade deficit, way to relax the restrictions at authoritative sources said today.

cariest opportunity, The Prime Minister,

restrictions Exchange Robert Menzies, will report siderably reduced the flow of the Federal Cabinet on the British textile exports to New London decisions on Thursday.

Zealand last year, while in South The Cabinet's

formal ap- Africa the buying lull was large. proval is expected to

Lo restore

is due to the fact that importers (agricul- held emphasis to primary

large stocks. tural) production and to halt the hitherto indiscriminate ex- Improve

However, conditions began to towards the end of pansion of secondary Industry,

Omcials said that to do

the year in South Africa and this

Southern Rhodesia, and reports from these archs indicated that conditions were becoming more normal London Express Ser- vlee.

to

it would be necessary to revit alise controls which had been languishing under public dis- approval

ond the free economy

of

of Australia's post-war years.

Increased Australien food production, particularly wheat, would help the Sterling Arca's aim to produce-com- modities which have ready sale in the United States or could dollar imparts.

antalon of secondary in-

dustries would become selec- tive.

con-

First Since

The War

30

was the Kusa

Surabala & Muenssar

Macment

Semarang,

Jakarta,

Semarang.

Mauritius

Nurabala

Japan

Singapore Djakarta,

8. Atelen & 8. America

Singapore,

你

Jakarta, Hemarang Horabala & Macassar Manis, Ringapore. 1. & 8. Aftlea

jakarta. KEMATANE.

Масдават

ARRIVALS

From

p

Macassar, Surabata,

Djakārta & Hingapore Запал

Semarang,

Japan

KING'S BUILDING, Ground Floor

TEL. 28015/18.

CHINESE AGENTS: 82 CONNAUGHT RD, C. TELS. 31196, 25135.

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO;

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

NEXT SAILINGS

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

Calling Vancouver.

FROM

*

ARRIVALS

M.S.

"TREIN MAERSK"

M.S.

"NICOLINE MAERSK”

M.S.

"PETER MAERSK”

}

Jan. 18 Feb. 2 Feb. 11

U.S.A.

Feh.

5

Feb.

18

Feb. 25

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Fedder Building.

Tel. Nos. 36066-9,

Datex_and_rotation_subject_to_change_without_notice,

At liberly to procred via other parte la inad/discharge eaten.

& ORIENTAD

STEAM NAVIGATION COMPANY

Taipei, Jan. 13. A small Japanese stenmer put into the north coast Formosan Mr Menzies had

already port of Keelung today to become PENINSULAR indicated that Australia

wil the first Japanese ship lo trade achieve the objects DI the between this island and Japan London conference internally

since World War II. through control of capital

The steamer issues and credit.

The fact

Kokl, of that Mr

tons, carrying n Menzies could return

wait so long after his cargo of fertiliser.

Meanwhile,

Chinese from London

reports the Cabinet

to meet said a Sino-Japanese navigation Indicates that the plans Involved In London were

agreement was nearing comple- tion essentially long-range-Reuter,

after months of haggling over the proportion of freight to be carried by Japanese ships,

The reports said it had been tentatively decided to allow them 20 to 25 per cent of the total.-. Associated Press.

HONGKONG SHARE

MARKET

New York Sugar Futures

New York, Jan. 13. (From Our Correspondent) World sugar futures closed unchanged to 3 higher with sales Business done on the Stock totalling 112 contracts. Exchange this morning amount- Contract No, closed ed to $345,335. Noon quota changed to 3 points higher with tions and the morning's transmiles totalling 218 contracts. nctions:-

Contract No. 4 (world)

SPARES BUYERS SELLERS BALES May

BANKS

1 Bank... 115

INSURANCES

Centon Union Underwriters

BIPPING

from business," and that, mak- ing, as he admits, a number of major assumptions, "a gross no- tional product in 1955 of $305,- 000m. In terms of 1051 prices" an increase of 8 per cent over the present years probable,

Most of the work on this re- port was presumably done be- fore the election as it was first projected in the Spring, work on it began in the Commerce Department soon after, and the outuide economists were invit- ed to take part in August, As for example more than 2,000 arms were

questioned about investment pro- their capital gromme, their answers had no doubl been given

before the mood of confidence engendered VIILITIES by the Republican victory had Injected any temporary optl miam into their plans.

The last of the 2,000,000-ton Exchange Rates sury-designate in the new Ad-

food grain nid from the United States also arrived in India lato in 1952.

India also began to take more advanced steps to solve the prob. tom of presture of her sever-in- creasing population by means of family planning ----United Press,"

Asia Nat

DOCKB, ETC.

K. Whart Dock Poylent Bhai Dock Wheelock LAND, ETC.

Hi Land (0) JIK Land S'al Land

HK Halal

Tram

UTC-

March

July Beptember October January

3.53 bld

3.54

3.54 bla

3.54 bid

3.56 nominat

3.18 nominat

March

3.49 bla

May

3.30 bid

Spot

2.62

1000 @ 4.00

Contract No.

1.40

ot

March May July September November March

8.40

0.15

20.10

8pct

1000 © 1.20

17.70 1000 716

7.93

5.85 bid

5.ST nominal

8.40 nominat

3.45

United Press.

73 50 400 515 JAPANESE BONDS

140

23.50 2214 3000 F 22.30

Star Ferry..

110 110 ..... 23.00

Electrio

Macro Ecc.. Telephono | 2014

21.00

· 1000 68.23.20 .11.20

2000 FA-1015 1600 F 19345

18.00 200 & 18.00

2015

18.00 10.10 1000 ₫ 10

NO PARTISAN ATTITUDE So. In spite of the fact that It was Mr. Marion Folsom, the Under Secretary of the Trea INDUSTRIALS

Cement

Lope ministration, who, as chairman Business was done in the local of the board of trustors on the ATORES, ETC.

Dalry unofacial

market this committee for economic de exchange

Walion Inne UB dollar (per $1).

Crawford 10.02 about the project by Mr. Saw- Bterling note (por #1) . Indonesian Fuliders (per 10010yer, and joined with him in in-COLTONS Biam tients (per 100)

Econo- MisCELLANEOUS 18. Viling the independent

taken as re- aizmiste, it can bo

Yangiezo

morning at the following rules; 027s velopment, was first consulted

Singapore (Dirate)

VIC plastres (per 100)

34.10

8.00 1.80

London, Jen. 13.

Japanese bonda

€14.

of 1809)

of 1010) of 1007)

"D" (on *** (Star of 1930)

United Tross,

Silver Price Raised

New York, Jan. 13. The price of silver in New. York, as quoted by Messrs Handy and Harman, war rafted hult, cent today to 83 cents per não OUTICO...

The price of Londen silver remained anchongtd at 1341⁄2å per fine ounce, spot and forwurden. United Press.

R.M.S. "CARTHAGE"

BAILS:

NOTICE TO PASSENGERS

BAGGAGE:

FRIDAY, the 16th January at 12.00 noon for the UNITED KINGDOM vin Straits, Colombo, Rombay, Aden and Port Sald.

ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at NO. 2 Gate. CANTON ROAD ENTRANCE by NOON on the 15th January, 1953.

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.

EMBARKATION: Will take place FRIDAY,. the 16th January, 1963 between 9.80 ́nm, and 11.00 a.m.

BUSINESS REGULATION ORDINANCE 1952

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

Now On Sale at S. C. M. Post, Ltd...

HONGKONG AND KOWLOON

TEN CENTS EACH