1953-01-28 — Page 9

THE CHINA MAIL, WEDNESDAY, JANUARY 28, 1953.

MESSAGERIES MARITIMES Return Of British Grain Trade ROYAL INTEROCEAN LINES

MO

"FEY-HILL"

Arriving Leaving

Tatu, 31 Jan. 11

Feb. 25

"LA MARSEILLAISE"..Feb. 24 "VIETNAM"

↑"BREST"

M

Quiward For

Japan

Yokohama & Kobe

Homeward For

Mar. 14

relu

'Frb. 7 Feb. 1 Boug Hong Ftb. 0 Feb, 10

>N

"FRY HILL"

"LA MARSEILLAISE". Mar.

Mar. 2 Mar.

*"VIETNAMI”

Mat. 13

For passenger and freight.

Africa & Europe' N. Affler & Kurope Biarseilles "Via Manlis

Marsellies via Manila

* For freight to Saigon, Marsellies, Alglers, Tangler, Casablanca,

Havre, Dunkirk, Antwerp & Rotterdam.

Accepting cargo:

--via Marseilles to all Mediterranean & West Africa, Ports.

-via Djibouti to Madagascar.

Bubject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES

F.O. Box 53, Hongkong

Tel 26661 (8 lines).

Queen's Building (gr. floor)

EVERETT

E

LINES

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

Chittagong,

"BRADEVERETT"

Arrives Salls

Feb. 2 from Manito. Feb. 3 for Singapore,

Rangoon & Calcutta.

"REBEVERETT"

Arrives Salls

Feb. 2 from Singapore.

Penang,

Feb. 3 for Kobe & Yokohama,

(Accepting cargo for tmnahipment Kobe/Pusan and Robe/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.

"NORDSTJERNAN”.

Arrives Sails

Feb. 5 Feb. 6

from Singapore, for Kobe and Yokohama,

"STAR ALCYONE”

Arrives Sails

Feb. 10 from Japan. Feb. 17 for Singapore, Port Swetten- ham, Madras, Colombo, Bombay, Karachi, KhortaIN- shahr, Basrah & Bahrein,

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

EVERETT STEAMSHIP CORPORATION S/A

-Quoon's ~Building, Telophone 31206, Chinese Department: Telephone 28293.

The Rubber Markets

Singapore, Jan. 27.

Prices of rubber futures closed

today as follows:-

Number 1 rubber, per ib. February

March

April

81-01

Number 2 rubber, February 781-24

HONGKONG

SHARE

MARKET

(From Our Correspondent)

Business

done on the Stock

Number 3 rubber, February 25-5 Exchange this morning amount-

Malaya Trade Balance

Bingapore, Jan. 27.

The fall in the rubber price gave Malaya an un- favourable trade balance of £$50,000,000 In 1032, provisional estimates dis- close.

This compared with a credit balance of 831,220,- 000,000 in 1951 and 851,- 085,500,000 in 1950.

A drop of 244,800 tons in rubber exports compared with 1951 combined" with the fall in price to reduce the country's income.

Rubber, which sold at an average of 831.69 a pound In 1951 feiched an avETSKO of only 82 (Stralia) cents In 1952. —-Associated Press,

DEFENCE

OF THE FRANC

Paris, Jan. 27.

The French Finance Minister, M. Maurice Bourges-Maunoury, ataled in an interview with the Parls Presse today

essential

polley

aim of the

that the

financini Govern-

of the French was the defence of the

тель Franc.

He listed the following four points in connection with the

лен

Government's Asancial and economie programine:

(1) The defence of the frane is the essential aim sought by the Government, and monetary stability is the condition of economie expansion,

(2)

conference between Europe, the United States and the Commonwealth Is not

desirable at present,

(3) Defence costs are still badly distributed

among the

Atlantic nations.

(4) France wishes return to monetary convertibility but within the framework of the European Payments Unlon.

M. Bourges-Maunoury added: "RIS

nim is to carry out a rigorous financial policy and to consolidate the results obtained by the preceding Government in the monetary sphere."-France-Presse.

of

Devaluation Of Peso Opposed

Manila, Jan. 27.

To Private

Hands:

Analysis Of Move

London, Jan. 27.

Britain's grain trade will go back to private enterprise at the next harvest in the biggest and boldest bonfire of Government 'controls since World War II.

"TJIWANGE"

TARMAN"

"NOIRSEVAIN"

SAILINGS

Ta

Singapore, Djakarta, Kematang.

Айгадлівы МАСАВАТ Украд

Tokubama, Nagoya, Usaka & Kobe

Djakarta

Bemarang, Surabala

Macassar

&

Manis, Singapore, E. & 8. Attica a

B. America

Singapore.

Djakarta, Semarang,

Buratala a Macassar Singapore, Djakarta, Mauritius,

6. Afries 8. America Djakarta * Semarang,, Burabala

MACRARE

Singapore, Penang & Belawan Dell Bingapore, Djakarta, SETATADE.

Surabasa" Macaksar

Teb, 2

Feb. Feb. 5

"BTILAAT

MÄKÄRBAR” "TIKAMPER"

*THIMENTENG""

"THLUWAI"

"ROIRSEVAIN"

*THBANTJET"

"TABRIAN" **TJIWANGI"

it

Feb 5 Fab,

Feb. 19

19 Feb

Feb. 23

Feb. 22

Feb.

Mar. 2

"STRAAT BOENDA" Mar. 2 "TJIBŪDAS"

Зарла

Mar.

Djakarta. Bemarang,

Barabala

A

Macassar

*TULUWAM"

Mar.

Singapore. Djakarta, Semarang,

"Burabala & Macassar

'MAT.

16

Japan

Star. 11

Japan

Mar.

"THPONDOK”.

"TJIWANO?

"TJPANAS" "TJIKAMPER"

*TJLUWAH”

"TEGELDERG"

Mar,

力

Djakarta,

Apr. }

Apr. 3 Apr. 旮

Apr. 18

Apr, 22

It is also the most fundamental change Winston Churchill's Con- servative Government has made thus far in the Socialist Welfare

State inherited in October, 1951.

has been all-

Japan And SE Asia

At one blow the Government decision will tear down the present' com- plex farm support programme and build up another on a new pattern. Full details

of the new pro- Unrationed feed might also help joamme are not yet known. Increase output. But this much nounced.

Whether it does or not could One day next Autumn price Conservatism or Socialism for dealde the long-term fate of controla, rationing and Govern-Britain. ment bulk purchasing of grain will come to an end,,and private It arm output risermit is only traders will again become marking time at present-the responsible for feeding Beltain Conservative Government might after 14 years interval, Governatore a triumph by fulling one The International Labour Or- ment grain subsidies will also of the Briton's dearest wishes-ganisation stated today that end next April 1.

plentiful ment and eggs at Japanese textile exports to reasonable prices.

Southeast Asia, Afrien and Pakistan had

Ever since 1939 the British

But if prices tire and output Government has had the direct responsibility of Anding the remains stationary, the meat- bread gralus and animal feed hungry voter of townanes might which keep starvation from this bring the Socialists back at the overcrowded little

of next general election with island 50,000,000.

thumping majority-Associated Press.

The brad grains are one basic staple in the nation's diet. The other, livestock feed. is converted into about one half of the animal proteins needed to keep Britons ulive.

Much of British agriculture is a processing Industry, not primary production. Thousands of farms operate by turning im- ported feed into eggs, poultry. pork and beef.

The grain trade is so big accounts for a quarter of the huge food Import bill.

ONLY TWO SOURCES

t

Grain is important in other ways: it has coloured this nation's cold war policy.

For Britain can and all the grain she needs from only wo sources andi Soviet Union and North America,

taps

both the Short of dollars, Britain seeks as much course grain us she can from Russia, and in arguments with the United States trade with the Reds always in- sists she must take no step that would upsel Sovici

Brain deliveries. The alternative might be starvation or paying out so many dollars that a brutal new economic crisis would hit the island.

OVET

1: Thun it is no administrative

detail to return the grain trade -to private enterprise. It is

statement of faith that directly concerna the nation's stomachs, Bervatives

and foreign polley. The devaluation of the Philip-

generally main- pinc peso was opposed by Mrtain that private traders can Leonides Virata, Vice-President deliver the goods more cheaply Philippine-American and more efficiently than the Insurance Company and former government hus been doing ly Acting Deputy Governor of since the war. the Philippine Central Bank, in a speech before members of the Monila Junior Chamber of Com- merce today,

There

real danger, tural very Mr Virata said, that the devalua-

Socialists will tion of the peso might produce probably object that food pricus an irrational psychological re-

will action on the part of the people, faced with an uncertain future. WHIL rise and that farmers, defeat the attainment

may let output drop. objectives. of its leitimate,

Should the people lose faith in their currency, the situation

which

not

the

could deteriorate to one of chaos. The time and the occasion, he said, are

ripe for devaluation of the Philippine poso. Reuter.

Number rubber, February med to $290.338.20. Noon quota- New York Sugar

Spot rubber, unbaled Blanket crepe

No, I pale crepe TAN

70-12 17-102

United Press.

LONDON MARKET

The rubber market was barely

stendy. Prices closed

follows:-

tions and the morning's trans- actions:--

SHARES BOVERS SELLERS BALEB

BANKS

London, Jan. 27.

HK Bank

1420

East Asia

137

as

231-

Number 1 rubber, in pence

per lb.

March

April/June

Júly/September October/December

United Press.

Aluminium Prices Up

Washington, Jan. 27.

The government has authoris-

ed a second round..of increases

in the celling prices on primary aluminium materials.

220 260

INSURANCES

Canton Union ........... 70219 800 Underwriter 4.45

SHIPPING

Asia Na... 1.40 DOCKS, ETC.

K. Wharto

N. Pt. Whart

Dock

Provident

Wheelock

LAND, ETC.

Futures

New York, Jan. 27,

futures closed World sugar unchanged to 1 higher with sales totalling 71 contracts.

Contract No. 6 closed win- changed to 1 higher with sales totalling 400 contracts.

Contract No. 4 (world)

3.CO

March May July 1000 680 September

October

HK Hotel 7.90 7.93 4000.0 7.00

HK Land 10) £7

HK Land (N)

S'hai Land 143

50

13,70

Humphrey UTILITIES

ITA... 2216 22.50, 900

5.37 nomina} 5.37 nominai 0.55 -United Press.

1000 1,4

01

3.60 bid $.51

20,20 33.10 4500 ot

(s) 21

2.70 2000 B¡44 je 24

13 January 73% 7.00 1000 or 741 March

2000 * 700 May

3,01- 3.64 nominal 3.75 nomina 347 nomlas) 3.47 nomunal

Spot

March May 100 or STIL Juu

Beptember November March Бров

Contact No. 4'

5.50

0.50

0.77 bid

21.64 bi

22.10 1.40

Telephone 10.00

(N)

. 178 18.20 10.10 16.30 1700 @ 10.20

.. 23.00 23.06; 100 a 23.30 300 23.00 500 9 23.00

Vanglake $4% 8.30 2000 B

1 2000 à 5.£à

2000 US

C. Light (0) 9.55 9.40

C. Light (N) 620 8.30, Electric

The Offer of Defenco Mobilian | STONES, ETC,

Dairy Office of Price

COTTONS

tion

and the

Stabilisation Jointly announced Ewa........... 2.35.. "1000 @ 2.40

an, increase of cent per susCELLANEOUS

pound for producers of primary aluminium, pig. alloy and primary aluminium Ingot and a four

per cont Increase for producers of other

primary aluminium mill products.

Record Set "At

Wool Sales

FARMERS CAUTIOUS

Immediate reaction VAS couticus. But the new agricul-

Bolivian Tin For Britain

La Paz. Jan, 20. The Bolivian Government an- nounced today it had signed contract with the British Arm of WINIam Harvey whereby the United Kingdom will purchase the whole tin production of the former Patina Tin Mines.

The mines have

a total pro-

siderably.

Genova, Jan. 27.

increased con-

Textile Commitice which meets prepared for its

In a report

here on February national

2, the Inter- Labour Organisation said thint no increase

In the world demand for textiles is predicted unless there is an In- crease in consumption in the under-developed areas of the world,

The low. consumption of textiles was largely a reflection on under-developed countries,

The Textile Committee, on which 23 countries are repre- sented,

will discuss recent economic and social trends, and the problems

guaranteed wages in the industry-Reyter,

R

Venezuela First.

Washington, Jan. 27. Venezuela had a higher ex- duction of about 18,000 tons port trade per capita of popula- yearly, which is 51 per cent of ion in 1950 than any other in the overall Bolivian production. dependent country in the world. The contract is for three years, while Israel ranked first in per William Harvey will pay the capita value of imports, accord- sale is closed in Bolivin. Pay-merce Year-Book issued by the London market price when the ing to the crual Foreign Com- ments will

last dollars Commerce Department United Press.

night.-United Press.

be in

Little Done

To

Solve. World

Rice Problems

Bangkok, Jan. 27. Though the recent FAQ International Rice. Conference held here did much to expose the world rice problem, it did little to solve it.

The key to all progress in rice cultivation is money. Farmers need money to buy before the rice season such essential items as equipment and

regime is bound to raise fertilisers, while governments need money for

their irrigation projects.

controversy.

of extending to farmers short- order to

The

India, for instance, han a policy to-government contract; but in Big efforts are being made.cally everything by government- The National Farmers Union term credits at a low rate of quantity of rice for export, the get the necessary farmers, not farm-interest. representing a

loans are small That Government gives, from reser strong vations about the plan, and pointed out that the withdrawal of Government grain subsidies means a farmer will no longer know in advance how much he will have to pay for animal

feed.

the

b1

and for a specific purpose, such time to time, export permits to as the purchase of equipment, the merchants who have already fertilisers and seeds, acti repa

are supplied the Government with a 1951, 150 repayable after the harvest. In certain amount of the rice in

million rupees were their hands. lent in this way to Indian rice farmers.

In Indo-China, the Govern- ment first, decides whether All the governments of the not to answer foreign demands union added, pro-rice-producing countries in Asia for rice. But,

If it decides to export duction probably will increase are actually conducting irriga certain under the new regime of more

quantity of the tion works, and are planning to country's rice, the export permit freedom on the farms.

do more in this field. However, ts The volce

given of the farmert,

the Association of this however-despite their essential ments, and

enormous Invest Indo-Chinese Rice Merchants, no Asian country, which handles the rice exports rolo does not directly make or including Thalland, is especially in a co-operative way. break governments in this in-well off in its frances. dustrial land.

DELEGATES

VIEWS The financial demands

At the At first, the biggest change out of

FAO International Rice proportion with FAO Conference, the delegates of the for townsmen will be to their possibilities. FAO will, there- importing countries, especially bread.. Britons will soon be

fore, have to refuse most of the Ceylon were very much inst able to buy whiter bread than demands by establishing

aprivate

and tender, exports any time since 1930. But it will cost much more as it will be unsubsidised,

means

are

*TJIBADANE" *TARMAN" "STRAAT

MAKASSAN"

"THWAÑO"

"STRAAT

MAKASSAR"

"TASMAN" "TJKAMPEK“

Тарап

Singapore Djakarta," Xiauritius,

8. Africa & 8. America

ATACAMAT

Bemarang,

Burabula

Singapore, Djakarta, Remarang.

Búrabala & Maraziar Manila, Bingapore, Z. Ħ. Africa Djakarta, Semarang. Surabala &

MacMar

Sincapere, 'Djakarta,

Semarang,

Kurahata Binchitar Singapore. Djakarta, Mauritius,

8. Attien & 8. Ammerles

ARRIVALS

. In Port

Feb. 2

Feb. Feb.

From

Djakarta, Semarang. Barabala

Macaulay

**

8.- Amerien, 8. Affles, Mauritius,

Singapore & Manila Bingapore. Penang & Belawan Deli Јерал

KING'S BUILDING, Ground Floor

TEL. 28015/18.

CHINESE AGENTS: 82 CONNAUGHT RD, C. TELA. $1180, 250133.

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

M.S. "HULDA MAERSK"

*M.S.

"GERTRUDE MAERSK”

M.S.

"TREIN MAERSK"

Calling Vancouver,

ARRIVALS FROM U.S.A.

M.S. "TREIN MAERSK"

M.S. "NICOLINE MAERSK"

M.S.

"PETER MAERSK”

Feb. 2

Feb. 11

Mar. 4

Feb. 5

Feb, 18

Feb. 28

For Freight and Further Particulars please apply to:-

AGENTS;

JERSEN & CO.

Pedder Building.

Tel. Nos. 36086-9.

Dates and relation subject to change without notice. Alberly to proceed-via-other-ports - to road/discharro - cargo,

Ceylon To INDONESIAN Form Trade PROPOSAL

Committee

Colombo, Jon. 27.

Commercial concerns in Cey-

TO JAPAN

Trade cireles

Tokyo, Jan. 27.

believe the Ion plan a national committer| Japanese Government may soon of the Commission of Asian answer the recent proposal by do and Far Eastern Affairs, which Indonesian Importers to held its inaugurat, session In business with Japanese firms in Calcutta from January 0 to Sterling. January 6,

The proposal came at a time when trade between the two The Inaugural session, attend-| W

countries way falling due. An ed by representatives of the

part

Indonesia's dollar national committees from Bd-

shortage.

: thin, Japan, the United States,

The Indonesiah proposal to Germany, the Netherlands and

trodo with Austria, decided to set

Japanese exporters headquarters at New Delhi and in Sterling was motivated also drew up a programme of d

by the Hongkong Government's

up

action for the next three years.

Ceylon was represented af the inaugural session by four delegates who attended as ob-

tervers.

·

to

•

word

which has a membership of 63 Stonogreed to sell

also

tightening

re-export of Japaneso goods to Indonesia.

According to statistics avall- able here, Indonesian importers, able before the British

Colony's restrictions, purchased about $10,000,000

worth The new

of Japan- Ceylon national priority list, Sir Herbert Broad- which they branded as a cause

committee will also act as a made goods

througda annually icy, Deputy Director-General of for speculation,

local branch of the Internation- the Colony and settled the ac“ FAO, who was present at the recent conference here, stressed necessary a

They said that rice was too

al Chamber of Commerce whose count in Sterling.

If

In that FAO help would be given bought and

headquarters are in Paris and to be commodity

the Indonerian Gov- sold according to to be to maintain the projects In usual

standards.

countries,

ernment would instro commercial popular here and Chancello of existence of present and to They therefore favoured govern-

Ceylon hopes to bonent necessary licences for goods the Exchequer

RA. But could relieve the world

realise these projects which ment-to-governinant

shipped direct to contract,

Indonesia, materially through the Com cbviously hopes most townmen

rice even if the price would be a bli

Aslan and mission of

trada sources Far Japanese with buy it again-thus carry shortage as soon as possible,

higher. Some buyers would even Eastern Affairs' survey on trade sak'there is a good market ing a stage further his polley of There is no doubt that FAO

possibilities in each country in in that country der Japaneco-tex- Anancial help will not be negilg-year the governmenta

agreo to pay in advance each trimming food subsidies,

the region of the

and through dis tiles, sund

sundry goods and, light But the

current rational bla. However, it will not be la producing countries, so as to be rey coibur made of proportion with the investments certain of the quantities of high-extraction rate wheat will selually needed to get a definite on which they will be able to of rice continue on sale, subsidised to increase in production to relieve count. This pre-paying system

THE LONG RUN

White bread used

In private talks, the delegates

keep the price down to its pronations of the world are not yet countries to advance

the food shortage. As long as would allow the rice producing 'Melbourne, Jan. 27. sent level,

money to In the longer term, Govern ready to make such an effort the farmers for equipment, see:ls An Australian isonalement obviously hopes the end for the improvement of food and manure. cord of 407 pence a pound for of agricultural rationing and the production as they are making in lamb's wool-20 pence below cerapping of controls will speed other fields such as rearmament, of the Importing countries stated the world's record was set at the flow or meat and poultry no quick change in the opening of the Geelong products to the towns

the fed that they would favour a return altuation wool sales today,

to the system before 1947, when on can be expected. *Fluctunting market prices may encourage farmers to grow Another problem facing the decided the distribution of all DISTRIBUTION

...an International committee

to feed their livestock. more wheat and coerce grain countries with a rice-cating the rice surplus. Towever, at population is, how the surplus of this time of so much national MIGHT DECIDE to be distributed. Today rice dare to propose It.

the-rice-exporting countries is individualisation, they did not In particular, the Govern- sal

eaters are eating more than in Recommendations by the FAO Prices

the Newcastle wool | ment's agricultural advisors are the 7or 1030 by 20 per cent; | Intertiational Rice Conference salen today wort· from › pes to 16oking for a big riso in the big Burma rells two-thirds of; its would divide, as equally. "five per cent higher than clòstol," population-the animal which rice by government-to-govern possible' all rico surpluses; but values in Bydney last week converts Imported course grainment contract and one-third by nothing has been an actually "AmoMatod From,

Into meat faster than any other, | tenidor. "Thailand sulla theoreti" | dccided.-France-Press.

Exchange Rates backs commanded strong com

GPS officials estimated the overall price Impact of tho increases would

Durinors was done" "In the local bo about, $25,000,000 at the retail level, unofficial exchange market this They climated the price Impact US doll, the following rates

Eper $13 of the total, cumulative celling | sterling, abtojippe, £), 100 price, boosts on aluminium since Indonesias guilder." (per 100) 3120 August at about' $45,000,000,

Biam fcals (per 100) ***

11.43 United Press.

Bingapore tătrails). „FIC" blasters (per 1003 - ....

34.50

Two other lots of similar wool 'reached 400, pence..

Spinners, Merinod and come ne

petition and prices were un changed on rates ruling at the December Goolong malea.

DA

•

pace

tho

aid

rmination of a fuller informa- mendo quarters await

flon regarding what Ceylon has tanell and what she wants to buy-France-Presse,

|| LONDON TIN

MARKET

London, Jan. 27.

The tin market was steady. and idle this morning. Turn- ever whs.five tons. Prices closed at the end of the official morning session as follow#!* Spot tin, buyers Anot in polls

Business done.st Trické nőting tin, buyers Three-months tin, weilers Tusiness done al Battement

1964 100

with

keen interest the Japanese decision on the proposal, they admit that if the Sterling pay- ment arrangement was accepted it would run counter to

the spirit of the open nccount agreement currently governing 'trade between Japan and Indo-

ncija,--United Press,

Manganose Output

Mexico City, Jan. 20. The Mining Chamber of Commerce

the

United States has asked Mexico to Increase its margutiese, proktu nition from 45,000 to 800,000 tons 9a"year, The Chamber #nld 943 now smelter for manganeso will Babe built near El Paso, Texas,-~

Associated Press.

Prasa

mil