1953-01-30 — Page 9

Page

MESSAGERIES

MARITIMES

THE CHINA MAIL, FRIDAY, JANUARY 30, 1953.

Is

MM Japanese Cotton Industry IS ROYAL INTEROCEAN LINES

"FNY-HILL."

"LA MARSEILLAISE

***VIETNAM"

I

"DREST"

FRY HULL"

Arriving LeavİNE

..Feb. 24 Mar 14

t

Outward For -

Feb, 2 Japane Feb.

Hy

Tokohama a Kebe

Homeward For

Feb. 17. Attica & Europe!

Į Keelong Fch, 7 Feb.

Hong Kong Fel.

LA BLARNEY. MA (Mar,

**VIETNAM"

*

•

2

Mar. 2

Atar.

Mar ART. $5.

For passenger and freight.

Еигоре N. Africa & Marnelling via Alarifia Marseller via Manila

For freight to Saigon, Marseilles, Algiers, Tangler, Casablanca,

Havre, Dunkirk, Antwerp & Rotterdam.

Accepting cargo:

-via Marseilles to all Mediterrancan & West Africa Ports, -via Djibouti to Madagascar.

Subject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES

P.O. Box 63, Hongkong Queen's Building (gr. floor)

EVERETT

Tel. 26651 (3 lines).

LINES

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

"BRADEVERETT"

Arrives -Salla

Feb. 2 from Manila." Feb. 3 for Singapore,

Rangoon & Calcutta,

"REBEVERETT”

Arrives Sufls

Penang,

Yokohama.

Feb. 2 from Singapore.

& Feb. 3 for Kobe

(Accepting cargo for iranshipment Kobe/Puzan and Kobe/Okinawa)

EVERETT STAR LINE

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

"NORDSTJERNAN”

Arrives

Suits

Feb. 4 from Singapore, Feb. 5 for Kobe and Yokohama,

"STAR ALCYONE”

Arrives Salls

Feb. 19 from Japan. Feb. 20 for Singapore, Fort Swelten- ham. Madrus. Colombo, Bombay, Karachi, Khorram- shahr, Basrah & Babrei,

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

EVERETT STEAMSHIP CORPORATION S/A Quoan's Building, Telephone 31206. Chinose Department: Telephone 28293.

TAIPEI'S

Promotion

APPEAL TO Campaign

JAPAN

Taipei, Jan. 20.

Mr K. Y. Yin, Director of

Advocated

Tokyo, Jan. 20. Canada's new Ambassador to Central Trust and the Taiwan Japan, Mr Robert Mayhew, to- Provincial Supply Board, appeal-day urged Japan to organise ed to Japan yesterday in view of big sales promotion campaign the latter's intention to raise the to sell her exports to Canada. consumption tax on brown sugar from Talwan. News.of

concern

Speaking at a lunch given in by the Canatia- his honour Japan Soc

Society.

Me Mayhew sald the Japanese tax

dolls, brocades Japaneso-made increase caused much

Nationalist offelals as the and pearls brought home. as servicemen sale of Talwan brown Bugar gifts by Canadian

Nationalist returning from Korea had had been Government's largest source of a great appeal in Canada. foreign exchange.”

10

has

the

Mr Yin appealed to Japan to exercice foresight in trading with Nationalist China.

eventually find

volume of tho

decreasing.

The consequence would

not

But this first impression had to be followed up by a planned and continuous sales campaign Japan was to get into the Canadian market.

sald that by forcing the Ho.

of Taiwan sugar down prico

Mr Mayhew looked forward below its cast,

Japan would

to an early civil air lines agree- the trade

between Canada, and iwo

countries ment

Japans

The Ambassador sald Jan's would be to the best interest of the Crown Prince Akihito

а receive

royal welcome" when he travels through Canada on his way to the Coronation of Queen Elizabeth at any place where he stopped and Rave Canadians the opportunity of seeing him—Routër,

Japanese, Mr Yin declared. France-Presse.

London Stock

Exchange

-

Bank Announces Appointment

Still Doubtful About America

Lendon. Jan. 20. / Uncertainty about American tarif policies is the greatest deterrent to British exports: to the United

States, the Federation of British In- dustries mid in its current Journal "FBI Review.”

"The outgoing American Administration" have been Grm in their policy of li- beralising the American tariff, but Belilah exporters can have little canidence about exporting to

the United States unfit the new Adminlaration and the new Congress have made their Intentions crystal- clear." _the_Journal såld- Associated Press.

Rhodesian

Power

Scheme Prospects

London, Jan. 20 Four leading British engineers belleve that Northern Rhodesia may be able to supply much more of the power ngedad for her own vital copper industry.

At present the huge copper concerns drow

considerable amount of their electric power from grid system across the border in the Belgian Congo.

Many of them, however, have long believed that they could

costa II cut production

local power output were stopped up And with this in mindi they

four approached

prominent British consulting engineers six months ago.

The copper miners kriew that, two years earlier, these same engineers had reported on the possibility of building the Kariba scheme In Northern Dower Rhodesia. That had been an everall Central African project, But at the time, the engineers had touched on the prospect of using the waters of the Kafue river as n source of power as well.

A direct approach was made to the consultants by Northern Rhodesia to go more fully into the possibilities of the Kafuc.

COULD BE DONE

Preparing For New

Attack On Markets

TOUGHER COMPETITION AHEAD

(By Richard Hughes)

Osaka, Jah, 29.

In the mills and business houses around Osaka, leaders of Japan's cotton industry are re-aligning their forces for a fresh attack on world markets. Tougher competition must be expected from the new-style Japanese industry.

The major cotton groups in Japan are co-operating to hold down wasteful and excessive production, to stabilise the industry, and to rationalise methods of weaving and designing so as to raise quality and lower prices.

An important first move has been the establishment of a Colton Goods Export Adjustment Association, formed to expand exports of cotton products by stabilising prices at international levels,

The association, with a capital | hold.

The other half will be

MORE FAIL

of 1,000,000,000 yen (£1,000,000), | shared by members in proportion will buy, sell and keep in stock | to the purchases made fron cotton goods qualified for export. | them.. The capital will be invested by i member companies, and posses- Įsion of 10,000 working spindles to buy onu enities a member share at a cost of 1.300,000 yen (£1,500 Sterling).

The drive for disciplined co- operation gathered momentum after Japan's delegates Had re-

turned from the recent Interna- tional Textile Conference In

The Japanese wer It is agreed that the associa-London. |tion will handle only cotton yarn. deeply impressed by the dogged cloth and bleached cloth, that resolution of Lancashire to in- it will buy such goods when i crease quality production: domestic prices fall below inter- national levels, and that it will sell goods on hand when their prices rise higher than interna- lonal levels and exports appear difficult.

Half the profit or loss resulting from the purchase and sales of cotton goods will be shared by member companies on the basis of the number of shares they

Report On American

·Trade

"If we do not work together, we shall remain idle separately," one leading Japanese delcgale told his fellow-directors.

H

that

Although it is

is believed the market will eventually be stabilised around £70 to £75 per bale of 20's

20's yarn, Osaka has no illusions about the future.

room'

Another significant trend has been the increasing number of fallures among the small "mush- firms-companies which flourished when the spindic celling WDS lifted by the occupation authorities, but were unable to withstand last year's trade slump,

DEVOUT HOPE

HONGKONG

SHARE MARKET

(From Our Correspondent)

Business done

on the Stock

J

Exchange this morning armount- ed to $108,400. Noon quota- lons and the morning's trans- actions:-- SHARES BUYERS SELLERS SALEN BANKS

JK Bank .. 1420

01423 INSURANCES

Canton..... 250

BIG

1.43 DOCKS, ETC." K. Whart

03 92 N. P. Whart

Provident .. 12.20 13.10 Provident (New)

11.30 Bhai Dock. 180 Wheslack.. 7.95

writers

SIUPTING

AMA Nov.

LAND, ETC.

Hotel BA Lared IK Land (N) Shai Land Humphrey's

UTILITIES

Tram

7.00

13.70

14

1000 $15

8888

23.40 22.00 1000

Star Ferry ALO

2000

1200

20.30

C. Light (0) 33 0,40 200 25 C. Light (N) 420-650 Electric

23.00 Telephone. TOT INDUSTRIALS

Cement ... 1820 Поре ..... STORES, ETC.

Dairy Watson

10 10.20, 1000 @ 1920

24 24.40

1. Crawford 20.10 MISCELLANEOUS

Yangtze ..... 5.90 3.05

The total number of 1952 bankruptcy cases in the Japanese cotton Industry Was ap- proximately 120 compared with 86 in 1951. Washington, Jan. 29. The United States increased Japanese textile authoritics and the "Big Tea" Imports from all continents ex-

companies devoutly cept South me ex-sping

hope that this trend will con- ber, the Government reported,

Imports rose to 918.1 million tinue. It is pointed out that the 'dollars in October from 877.4 5,000 spindles each rose from number of firms of fewer than million In September.

eight in 1951 to 35 in 1952, of Receipts

from

Western eight The engineers have just Europe increased from 160.3 to

fewer than 20,000 spindies from finished their investigations and 187.0 million dollars. Imports 40 to 51, and of fewer than 40,000 they will fly to Northern from Latin America, however, from five to 15. Rhodesia to put their recom-

Many qi the smaller entorprizes dollars.

still mendations before the Governed from 306.6 to 287.2

in existence cannot be ex- thers. W What the consultants

showed

the Jargest

to withstand the pressure pected to have

will recommended

be jump

to shipments the 01

of the world recession, which has secret until omelola in Northern

Slates..

troza compelled United

spinners, from going

fending Rhodesla have been shown the $11,000,000 in September to

by 17.3 hampered higher processing plans. But the thing is defintle; million in October Other ad costs...but

enjoying Anancial the consultant's report is very vances by Western European reserves and world prestige, to favourable.

nations included: Belghim and sell at less than cost that the A Comeback They think that two. Power stations, sited in the heart of wild, scrubby Kafue coun- try, and fed by 13 miles of tunnelling through solid rock from a

a dam,

am, could provide an output of 250,000 kilowatts.

The power, they will tell the Rhodesian officials, could be supplied at a very cheap rate and would cut down the expense of buying power from the Congo,

Good Outlook For Textiles

New York, Jan. 29,

textile in- The American dustry may have one of its best post-war years in 1933, the Journal of Commerce said

"At no time since 1947, when the mills were still riding the crest ot П

in

Luxembourg 14.1 to 19.3 mil- lion and West Germany 18.3 to 22.0 million.

Imports from

Meanwhile, Asia climbed from

155.3 to 150.0 million dollars, from Africa from 30.3 to 35.0 mil lion, and Australla and Oceania from 14.7 to 15.5 million.

The decline in American ex- ports in the same

period, from 1,218.5 million dollars in Sep- tember to

1,193.3 million in October, was due chiefly to a decline in shipments to Western Europe from 430.7 to 352.7 million dollars. Associated

Press,

Expansion

Of U.S.

shortage-Inspired Steel

Plants

New York, Jan 29. Iron and steel .companies in

Iron

COST

new Japanese cotton industry, now being hammered into more efllclent shape for tougher com- petition, will reficet increasingly the opinion, policy and influence off the big old - estabilshed

concerns.

The Rubber

Markets

Japanese

Silk Makes

"THWANOF

TARMAN" BOIREEVAIN" PRYNAAT

SILINGS

• • #28′′Bingapois, : «Bijakarta, ni Romargit. ------ Būrabala da Muenssar -Japan

MAKASSAR” *THILAMPER"

“TUBENTENG"

"THLUWAN"..

"RDISKEVÄIN” "TRIBANTJET"

Fah.

Feb, 19

Feb. 22

Feb 23

Feb. 23

Mar.

"TÁRMAN" "TJIWANGI"

"STRAAT BOENDA" Ma "TJIRODAS"

"THLUWAH"

#TJIBADANE" : "TARMAN" "ÉTRAAT

MAKASSAR"

*TIPONDOK“

"TJIWANGI"

#TJIPANAR" “TJIKAMPER"

***THILUNAU"

"TEGELBERG"

"T/IWANGI"

"TASMAN" "STRAAT

МАКЛЯВАЦ"

"THKAMPEK"

གང་བལ་གླུ་གླམ ཙ ཡང

Xar.

Mar.

Mar. 1

Atar.

Mar.

Mor,

21

Apr. 2

Apr. Apr. D

3

Apr. 14

Apr 22,

#

Port

Feb 3

Yokohania, Nagoya, tsaka & Kata

Kobe, Naewyn a Vokohama

19jakarta Hemarang. Burtain

Macar

•

Menija, Singapore, 1. & 8. Africa &

B América

Hingapore.

Djakarta,

Aurabala & Atxeafske ·

RIDERPOLE..

kemarang.

Jakarta. Ataurlins,

X. Atrien & %. America

Djakarta Hemarang, ; Kursbala.

Macana

Kingapore, Penang & Relawan Delt Djakarta, Semarang. Ridgapore,

Burabala: Atacassar

Japart. pjakarta,

Blac

Semarang.

**Hurabala

Blakaria, Remarang,

Surabain & Alacasese

Япрай

Гаран

NARDY

Mir, Bingaporej Djakaria, -----Materisiun, -R: - Mrica.... – A...

America Djakarta, Semarang, Sarabats A

Kicker

Kingapore. Djakarta,

Barabaia & ́stacassar

Remarang.

Manila, Hingapore,, E. &, K. Africa Djakaria," Semaenna, Stradala *

Масакад

Singapore.

jakarta, Armarang,

Kurabala & MarasiAZ

Singapore,

Jakarta. Mauritius,

8. Atties & H. Ametien

ARRIVALS

Yeb. #.

Fib. 7

From

A

Djakarta. Semarang, Rurabata

Масалат Singapore. Penang & Delawan Deli 8. America, R. Africa, Mattrition,

Singapore & Manila Japan

KING'S BUILDING, Ground Floor

TEL. 28015/18.

CHINESE AGENTS: 82 CONNAUGHT RD. C. TELS. 31190, 23138,

MAERSK LINE

FAST FORTNIGHTLY BERVICE TO:

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

NEXT SAILINGS

M.S. "HULDA MAERSK"

*M.S.

“GERTRUDE MAERSK” M.S. TREIN MAERSK"

ARRIVALS FROM U.S.A.

Calling Vancouver,

M.S."TREIN MAERSK”

M.S.

"NICOLINE MAERSK”

M.S. "PETER MAERSK"

Fcb. 2 Feb. 11

Mar. 4

Feb. 6

Feb. 20

Feb. 28

For Freight and Further Particulars please apply to:—

AGENTS:

JEBSEN & CO:

Pedder Building.

Tel. Nos. 36066-9.

Dates and rotation subject to chavre without notice. At überly to proceed via other porta to- bad/discharge cargo,

A Comeback Japan's Admission

Tokyo, Jan. 28. The Japanese sericultural in- dustry, in the midst of a spirit- ed comeback drive, produced a post-war record 258,687 bales of raw silk in 1952, the Japanese Government announced today,

The Agriculture and Forestry Ministry, which Inade the survey, cald the figure was 10 per cent over the production for 1951 and

the highest since World

II: alik makers launched five-year programme in 1931 to put silk back where it was before mynthetic bres cecame popular during the war.

11

20.

ከን

London, Jan. The rubber market was un- certain. Prices closed follows:-- Number 1 rubber, per ib.

in pence

March..

April/June July/September October/December

United Press, NEW YORK MARKET

New York, Jan. 29. Prices of number 1 rubber futures closed unchanged to 15

lower. March

27.25 bld

27.74 bid

d.30 bid 25.30 bli 25.26 nom.

Ju

September December March Spot

United Pres.

boom, have the prospects soem- ed brighter," tho business paper's textile editor, Douglas

sald. Pidgeon,

He added: "One of the most the United States spent a record May favourable factors operating in $1,170,000,000 to expand and im- the market is the change in prove their plants last year, alltude on the part of textile American

and Steel buyers and manufacturers since Institute reports.

the combined Simultaneously The fact that the now Pre- annual steel capacity of the com- skient has surrounded himself

mode the greatest yearly with men who have spent mast of their lives dealing with the hard facts of business has given

to the confidence There had been

the elections.

་་

in history, rising nearly New York Sugar 9,000,000 net, tons to a new high of 117.5 milion industry and

tons of Ingots steel for castings. widespread

uneasiness in the textile tendes With lust year's large capital re-expenditure, Ove 8.6 bilion over, future-controls and gulating policies until election."-Associated Pres.

and

companies for now equipment construction during ** the

LONDON TIN MARKET

Futures

Jap for I

Raw silk exparts gained only three per cent last year over 1951, according to the Gover- ment release, however. Ship- ments abroad totalled 101,067 bales but demestie demand, booming 33 per cent over the previous year, took core of the supply.

ན ་ As a result, slik stockpiles in Japan at the end of the year totalled 11,607 baics, 32 per cent Icss than on December 31, 1951. -United Press.

To Tariff Pact Believed Certain

Geneva, Jan, 20.

Japan will probably 'get the green light to join the General Agreement on Tariffs and Trade at a special GATT session starting here on Monday, according to International trade officiais.

While Japan will gain some legal and economie advantages from membership its chief motives for joining are said to be prestige, both psychological and political..

Observers say that Japan wants'

"Why not keep them insidu to regain its place in world affairs and keep them under control?” and play a leading role in an offeint asked. "They will, shaping world commercial policy, havo to accept the rules of tho Both Germany and Italy were game. Alsu this will keep welcomed into the GATT but Japan from resorting to unfair the Japanese

application been

L

the

any

delayed by British as trade practices such as its pré- and wor foiso labels and phòny imita....

at tions of American Commonwealth objections

or Britishs every turn, observers sny. This products. Japan has an "delayed

Willingness GATT which

enormous

ous productive

potentiaz reason for the Inter-sessional committee of 15 11n can be an enormous asset. made some room must be nations starting on Monday.

to allow for Japanese departs economic development. Japan membership by proposing is to have a viable econdmy, It new GATT rules that would must expand. It cannot stand affect all members but would be still."-United Press, reliable sources. directed at Japan, according to

JAPAN'S DELEGATION

CERTIFICATES

OF ORIGIN

and

mient

Wasitington, Jan. 29. The Agency for the Control of Foreign Investments an- nounced today that an

Such proposals might force all agree

London, Jan. 30, meat has

Mr Takushii Hara, Financial been reached with members to maintain wage rates,

Attache at the Japanese Ent=. Japan to prevent goods origin- protection against low-

Japanese labour, priced oting from continental · China

bassy here, is flying to Geneva.. contain rules forbidding unfair today to be the deputy leader being re-exported New York, Jan 29,

to the United

trade practices, of which Japan of the Japanese delegation to the dollars has been invested by the today 1 higher to 4 lower with

closed States as Japanese products. was accused before the war. - World mugar · futures

As the result of the

Ogree.

The special session will be the

the Inter-sessional commitico sales totalling 02 contracts.

ment-the Japanese Government { declaivo one because it contains meeting of the General Agree=" Contract No. 6 closed unwi from

on supply ex-

almost half the membership and (GATT).

and on Tariffs Row seven post-war years-1040 to changed to 2 points higher with

porters of 1959.

ecificates bristles with the bulk of the most important

Febr of origin Every

during

sales totalling 208 contracts, those

trading nations.

The meeting begins on The agreement will eventually

ONE VIEWPOINT. Vuary 2, and the Japanese dole- seven years an average of about Contract No. 4 (world) be extended to other. goods..... $1,260 has been laid out by the March

It will recommend that galion, will be led by Me Toru meeting Japan MA similar pogreement, was Paris, Jan. 29,

companies to increase the May

should be called at Hagiwara, Japan's Minister to eoncluded recently between the which

negotiate Switzerland, 6

AND The International Bank for

Will strength of the world's greatest July London Jan. 29.

U. S. and the Hongkong Govern tariff concessions. GATT, omeinis Septemb

The inter-scantonal and Develop- Reconstructiori

steef industry. During the seven" „Octob nanounced today

The tin market was steady years the nation's total teclubry (1994) inent;

that

say that membership, at the will discuss the time and condi- Turn- Francois-Didier bonds closed M.

earliest, cannot come before the tions of Japan's application to Greghma, quiet this morning.

end of.

the year

officinis accedo; to Bpot German Inspector of Finance, has been over, svu 15 tons, including Ave Capacity has been increased by Astyn

ahould deolde tons for mid-Febrstany,Prices more than 29.0 million ton closed at the end of the official This year another large outlay will be made. The amount will

Pilottars March be about $1,000,000 according to present plans of the May

As a result sibel, septemf companies. capacity will He further Increased Novembe

Marcar (1954) by about 4,000,000 tons. Associated Press.

London, Jan, 20.. Gold shares lifted on the London Stock Exchange, today but eased later on profit-tüking.

Coppern and diamonds were briefly activo but both closed with small losses;

Governtsent

bonds, Improved but Japanese appointed

of

the

declined. Shipping Jesues Division of Operations for Asia morning session ne follow

gerlerally unchanged.

generally gained,

Japanese bonds A £46, of 1090)

• Consola (@-1/10/-/juocisted.

atst United P2036

"D" 10% of 1031)

1933)

In

Director

East Cand the Middle

Washington, DE SATILIK

Mr Gröghina `e wan› totniarly Director of the Budget at the French Finance Ministry. `---- Franco-Presen, S

#potin, buyers at 003 Foot Un. 187

Business domes pār playin Throoponiting buyers pe Theye-monta tin, weilera av DIS Business done at Belenens

DIS

005

Inited Press.

Epot

3.83

3.75 nominat ment-France-Presse,

Contract, Na..

miting

Somo, GHGH General Agree

Bexchango, Katesen az na Jabaleia mares Mig/les Serrurimin

Business was done in the went again. L

ottelal morning at the following jraterieedi

fir Japan's

exchange market request 50r, memalt: farch |á-full-resoras DE UNA

eut The Japanese

ar

and propare Government in

U.S..dollar (por.31)..... aozsmado Inst July. It'inis Sterling, blo" (per Z) 390-10.74 Japon to do business, on a indonesiar aqulidere (per 100) 300 throat 'bhair which would dierunt: July, 1982 stated this, it wanted

world trade more than if Japan to nemtinio for accessioni 1ints · la brought into the organisation, | GATTANQUET."

stant: ticals =(por: 100)

Bingapore (Siraits)

VIC plastroď (per 100).

34.00

∙to