MESSAGERIES M
Arriving
THE CHINA MAIL, THURSDAY, - FEBRUARY 12, 1953,
Page
MARITIMES British Government's Plan To ROYAL INTEROCEAN LINES
M
Leaving
55
Star, 18 Mar. 18
"LA MARSEILLAISE". Feb. 25 Feb. **MEINAM”
"FRY BILL"
**LA MARSEILLAISE”
"COURSEULLES"
†"MEINAM”
•
"Dotward Yor
Yokohama & Koba Jupan
Tomawerd For
7
Mar. 7 Mar. +
Mar. Apr. * Apr.
N. Africa & Europe
Mar,
#
Marseilles via Munila
B
N. Africa & Korape
Ayır. 13 Apr.
33
B. Africa & Europe
For passenger and freight.
For freight to Salgen, Marseilles, Algiers, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Höllerdän.
• Accepting cargo:
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-via Djiboufl to Madagascar,
Subject To Change Without Noties.
CIE DES MESSAGERIES MARITIMES
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Queen's Building (gr. floor)
E
Tel. 26061 (3 lines).
EVERETT LINES
EVERETT ORIENT LINE
Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Slam, Malaya, Rangoon, Calcutta and Chittagong,
"NOREVERETT"
Arrives Soily
Feb, 19 from Singapore. Feb.
Kobe & 10 Tur
"REBEVERETT"
Arrives Salls
+
Feb. 28 from Manila.
Yokohama
Mar. 1 for Singapore, Penang.
Calcutta, Rangoon
(Accepting cargo for transhipment) Kobe/Pusan mrd Kobe/kinawa)
EVERETT STAR LINE
Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China,
Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports.
"STAR ALCYONE”
Arrives Sells
Feb. 19 from Japan.
Feb. 20 for Singapore, Port Swellen- ham, Penang. Madras, Co- lambo. Bombay, Karachi, Kharramsirahr, Darah ¿ Bahrein,
"NORDSTJERNAN”
Arrives Sails
Mar. 4 from Japaṇ. Mar, 5
for Singapore, Port Sweiten- ham, Madras, Colombo, Bombay, Karachi, Kharrum- shahr, Busrah & Bahrein, (Accepting cargo for transhipment) Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Qugun's Building, Telephone 31206, Chinese Department: Telephono ̈28293,
Expert's Views On Rice Production In British Empire
London, Jan, 14.
an
A more vigorous attempt to expand rice pro- duction in the Commonwealth is needed as alternative to the present means of obtaining supplies which force rice-importing countries to make large contributions to the revenues of foreign governments.
This is the view of Sir Harold Sanderson, Director of Rice at the Ministry of Food from 1941 until last year, and a past chairman of the London Rice Brokers' Association.
the
Common-
In a letter to the Dally Tele- policy in expending rice pro- gruph, Sir Harold pointed out dution within that the £20
million rice wealth, as an alternative, to production scheme in British contributing on such a scale to Gulona designed
to yield the revenues of foreign coun- 300,000
we are now tons a year by 1973 tries from which greatly affect the situa- forced to buy, must surely be tion in Asia. It would be waste-] obvious.” ful of shipping to grow rice in
cannot
the
the
Footnote: In on caller article
rico
Egyptian Cotton
For Japan
Tokyo, Feb. 13. Japan hes approved a plan to Import 2,500 bales of Egyptian raw colion through Sweden, the Jiji Press reported today.
The triangular tranenc- flon in dollars will be bout six per cent cheaper than importing direct from Erypt in Sterling, according to J-United Press.
Natural Wool Or Fibres?
A
Speed Up Development
In Commonwealth
London, Feb. 11.
Mr Butler had little to add to what was already known about it when he opened the debate on the Commonwealth Conference.
The £60m. which is to be made available to the International Bank over the next six years measures the size of the sprat - which is being dangled for the mackerel of greater activity by that organisation and its sister, the I.M.F.
The unwillingness of the other members of the Sterling Area to see any kind of Managing Board set up is already common knowledge. "
to
It in useful to emphasise that the development of the It sources of the United Kingdorn matis agreed to be at least as im- Sydney, Feb. 9.
portant as the development of Australia today faces any other part of the area, as a battle for economic sur. corrective to the publicity given vival in
the the wool versus
so - called under developed man-made-fibres
areas,
but is not expotly nows, wool should lose the battle wants to know about the Con- What everyone this country's economy | ference---what steps it decided would crack.
to promote freer trade al cannot in the nature of the case be revealed until discussions ions have taken place with
war..
Wool provides half Australia': income from exporty, ta para- mount as a dollar-earner, and is the basis for employment for a large section, of the population.
The land of the Golden Fleece is menaced by products of the test-tube, backed by hun- dreds of millions of pounds, and dollars, and the world's biggest chemical companies,
depend on the 1953-54 appro- priation in Congress and there: may, anyway, be a temporary fall until this has been fixed and before "offshore", dolhrs begin to flow in
What all this comes to is that there is a good prospect that the Sterling Area's dollar balance least for the next six months. will remain on the right side at
there
Recovery In Tea Prices
BAILINGS
То
Singapore. Djakarta, Hemarang,
Surabala Maraiser TORANE, Mingapore, 17jakarta, Naurf«.
, . Africa & 8. America Djakarta Bemarani, Hurabala
BREAT
Martin, Singapore, E. & R. Africa Koba Yokohama, Vakkatchi- Bingapore, kijakarta. Semarang.
Korabala Diachsexy singapors, Penang Belawan Dell DJakarta, Singapore,
Bemarang,
Japan
"TARMAN"
"TJULUWAN“
"BOISSEVAIN"
"TIDANTJET"
*TJIBODAS" "STRAAT BOENDA” Mar. 1 *TINTANG"
ANT 1
Feb. 10 Job, 13
20 Feb. reb. za
Feb.
Kabe
Mar. Star. '10
Mar. 17
Mar.
9
་
17.
Manila, Miri,
Singapore,
Djakarta, Semarang,
Hurabaja
Mar. 29.
· Apr.
Hemarast,
Apr.
Apr,
Apr.
"TASMAN" "THLUWAIT
#TJISAUANE* "STRAAT
MAKASSAR"
"TIPONDOK"
"TTOELBERO”
"TJIWANGr
"TJIPANAR”.
"VAN DEUTZ"
*TJIKAMPEK"
"TIILUWATE"
TEGELDERO“
STJANTJET"
"RUYS" "TUWANGI"
“TIILUWAIT"
**TASMAND "D0198EVAIN"
London, Feb, 11. "Tea prices have pulled "ATRAAT' BANKA” out of the nose-dive which | "TUWAIL" started in 1952. The im- gradual, is no doubt partly provement, which has been
seasonal at the present
Ernest Eve. time,” writes City Editor
Arc Como un- "However, It has brought foreseen changes the position prices once again in reasonable should be held for the month relation to those of 12 months which Immediately fohow. But ago. this chould be taken as under- "Sales
the London the need for firmness and Auctions are averaging only parties.
What Mr
Butler said, "in for complacency. The achieve- "However, the figures require rffect,
was that the Conferencement of the Commonwealth Con- scrutiny, for behind the had decided to use the breath-
ference's plans must be well in parent similarity there are wide ing-opace which has now been hand by the autumn.
differences in, experience be- gained to lay its plans for long-
tween the various tea-producing term stability-that is to say.
un
the
en
Americans and other interested and rather than as grounds | 18 a 1b less than a year ago.
working out and then put- ting in practice plans for mak ing Sterling In Home sense "convertible."
In
JANUARY GOLD
World demand for wool still exists, as is proved by the high prices paid at auctions--but how long will it last? The syntielles versus wool battle for Survival will probably be de elded un the fields of cosis, quality and versatility,
these
circunstances the Future prosperity of the wool
Immediate question is how long industry
must
breathing-space 0 be
Jas largely Koverned by its ability to pro-
gained. Consequently the chief interest duce at a price competitive with
in Mr Butler's state- other natural Abres and with
ment was his disclosure of the synthelie Abres. Large-scale production of synthetle fibres is about to begin in the United Slates and it has to be expected that prices will fall.
Up to now the synthetics.
midiuly the chemically-base
orlou, dacron, viears and some others, have sold in America al the highest feasible prices, to offset expenditure in research and promotion, U.S. production of artificial fibres next year is expected to equal world produc- tion of wool.
been
movement of gold and dollar reserve in January. The changes in the trend of the flow of gold into or out of the reserve pro- vide the best means of judging how long a breathing-space available.
reserve
Is
In
New Oil
Region In
Lebanon Possible
Beirut, Feb. 11.
Oil may soon gush from one of the Middle East'a most his- torical regions--Lebanon's Bekka Plain, the site of the ancient Phoenician city City of God.
arças.
#D-
**White Southern Indian teas are 3d a lb lower, Pakistan teas on the London market are down by Bd. African teas are lower by more than 6d a lb,
"But the most striking differ- chec As in the
for averoge Ceylon teos, which has shot up by 9d a 1 compared with a year ago.
LONG VIEW
"The stolid investors in tea shares take a 10 or even 20- year view of the industry.
"They might usefully look at these latest averages which indicate for the first time for a decade the public's preferences strongly expressed with the
of rationing.
of Baalbeck-out it will be a long pull
The rise in the January was heartening. The in- crease of $132mn. compares with the average rise of $114m, in American drillers and the last three months of last year (excluding the service of the U.S. and Canadian credits) and is the biggest since March, 1951. The bare sintities, how
that has actually
drilling equipment are re- gularly reaching Beirut in pre- porntion for D new Middle East "black gold" discovery bid.
A
group of Lebanese and
for most companies before lea profits look healthy again.
#And 1052 profits must chow the effect of sales at a loss of
much as 9d a bin
us
American businessmen are instances."
wool has ap- improvemem "ly overstate the financing the oil search. They
DOUBLE CHALLENGE In the
the last few years world consumption of proached 2,500,000,000 pounds a year, bought at record prices. Australia provides about one- third of the annual clip.
This country is concerned that the increased supply and m- proved quality of the syntheiles will write fais to the need for sheep for wool. Scientists have
Tried hard but they have never been able to claim their test-tube discoveries have all the qualities of wool, None has succeeded in making the genuine article-itself, Until this is done at a cheaper price than the theep can produce It, wool growers need not espalt
wool for u
not end
taken
Excluce,
the $18. which was paki on the US, and Canedian
dian debis last month, the January figure is actually ex- actly the come as that of De- comber; and in December, pay- ments were still being made for dollar
goods used in the ar- hitrage scheme of last summer Now, moreover, the gold which 1s being earned from EP.U. is falling rapidly.
and after that there
expect to
million pour seven Lebanese Jirm (£750,000) into the project.
But it is not expected that the drilling will start before March since Lebanon is at present gripped by winter snowa
and frost
Ou discovery In Lebanon, Eastern
Mediterranean constal
some
Grain Prices
In Chicago
Chicago, Feb. 11. state of 1,350,000 people where higher and soybeans were
Wheat futures closed today
East meets West, would make
Prices
futures closed as
the State the third Arab oll- 2% lower to 2 higher. producing country. The other of rain two are Iraq
raq and Saudi Arabic follows:
OPTIMISTIC
Spot
3.20-3
2 Bominal
23147
225-2.25% 2.2734-76 2.31
1,54 nominal
Spot March May
September December Ryo
1.33%
1.5934
1,50
The average monthly settle- ment of the United Kingdom's
At present Lebanon has two Wheat-price per bushel ✦ E.P.II. credit in the last quarter oil terminal ports-Tripoll, March of last year was $71m. This where the Lag Petroleum Com-buy But the threat dcer
раду pipeline month only $58m. was received.
ends, and September there.
The trading balance of January Sidon, terminal point of the December The danger lies in the new
nry Arabian American Ol Com- Corti which have fibres
now indicates that in February superior qualities to
wide only $18m, will be paid in gold; pany's line from Saudi Arabla.
only range of apparel use. This pre other £9m, to go before gold
According to corrent plans July double challenge to 2"
is carned at the rate of 50-60 be sunk at Bekka Valley, which
the first experimental well wi wool-producing countries, par- for the surplus, not as ticularly Australia,
the rate of 70-30. The effects of the crbitrage scheme on our E.P.U. surplus have also now run off and the £9m, earned In January looks more like the ly the wool Industry must. fm-"normal" surplus which can be prove its economic effelercy.........
expected each month, United Press.
nents E
Firstly, the wool Industry musi become as crtive in search and development as the synthetic industry itself. Second-
BRITISH AIRCRAFT EXPORTS
now at
DOLLAR BALANCES
is inland of the Lebanon moun- Karch
tuln range extending to Syria,
1.0815
nominal 1.74-1.73-4
231-12 May
73- New York Hour-per 200 lb. Back $1225 nominal,—United Press.
The valley is already of in-May- ternational fame as thousands | Oats of tourists visit it. annually to March see the Baalbeck temple ruins. whose ancient pillars are the "world's biggest.
Oilmen, meantime, timistle that
op-
are the district con- The reduction in gold-caming tains abundant ell supplies. from E.F.U. means that the
And the Lebanese Govern- dollar balance
ment welcomes the project with now dependa is investment of foreign capi- chiefly on the two other sources
tal. American equipment of supply the balance which being allowed to enter results from all the current and capital transactions of the Ster- ling Area with the dollar area, and the Inflow which derives
from American aid.
Ares with the
London, Feb. 11.
When all other influences are The British aircroft Industry's exports In 1952 continued their removed from the Ogures it steady expansion since 1945 and appears that the dollar balance.
of the Sterling were a record, having almost dollar area rose from $10m, in doubled sinco 1047. The 1952 Agure of £43,933,530 compares the third quarter of last year to with the previous year's £41,- $180m, in the last quarter. 955,652.
In December, 1952, the value of exports exceeded £4.5m. and was the highest monthly value recorded.
from
the
country duty free. Bui Lebanon wants a share of any profits, and exploration work is pro- eceding on this understanding.
Navigation
Agreement Negotiations
New York Sugar Futures
New York, Feb. 11, World sugar futures clorad today 1 higher to 2 lower with sales totalling 50 contracts,
Contract No. @ closed un- changed to 5 points higher with sales totalling 570 contracts,
Contract No. 4 (world)
March May July
September
October January harch
May
Spot
Contract No.
March
May July September November The Japanese Government is March
Tokyo, Feb. 11.
In January it was only run- of ning at the quarterly rate West for consumption in
In the Daily Telegraph, Mr
- variation The $100m. East unless there was no Bernard Braine, M.P., said t
month to month is not of very alternativo.
should be a task of the highest
great significance, and, provided Sir
Harold
suggests instead
priority to develop new sources
Announcing the Agures, the that confidence in Sterling re an expansion of rice production of
rates. supplies within the
the Society of British Aircraft Con- there seems no crept to fear reported to have started negaila Spot
strong as 18 now, AS the countries Colonial in areas, nearer
Empire. Nowhere
structors stated that exports in 300 where
supplies are we
with the Indonesian possibillies greater than Greater
the years to come will increase that the balance will tip on to tions In British Guiana, urgently needed-for example, in
where "beenuse overICOS
the renewal of sales of the the wrong side at least for the Government en in British East and West Africa. Governament scheme had boen gas-turbine nirliners'
* the navigation agreement now in are only next few months," However, nothing was yet being started to bring under water
Indeed, since the United King-force between the two countries, Just beginning and have bu yet dong or projected in these areas control
Under the existing, agrocent, nearly gine million hardly begun to
will not be Importing appear in the dom on a scale to meet the exigencies acres of cultivable land, half of statistics Already, orders for American steel this year, the Japanere freighters are allowed
tho situation.
which could be used for rice theso airliners are placed for as whole area may do better than to mako 25 voyages to Ladonesia
annually. Conditions also far ahead as 1057,-*-
cxpansion of
of
wero
He points out that the peleo production
of rice has risen since ·pre-war fexisted
for an
1
days from 25 to 180 a ton, rico production in Jamaica and and adds, "It may not be
erally known that the produce Trinidad.
Copra Quotation
Of this total vessels of the
"Military exporis will also boot for American àld ́ ́in the Tokyo Sempaku, which ply re-.
show
3.00-3.02
3.00.
350 bid 3.43 nominai
449 nominal Ualled Press.
Japan's Imports Of Rubber
ini
Tokyo, Feb. 11. bo At the same time the pros-
Crude rubber. Imports December amounted growing, and statistics
to 6,053 pect
the that, in general, the sale of spare immediate future is relatively sularly between Japan and parts and equipment which good. In the must quarter of 1962 Indonesia, have already made 35 long tons, according to
trips and other ships 10 voyages. Rubber Dealers: Asociation. follows these aircraft abroad is aid flowed in at the monthly In order to remove this botile- A total of 2,872 tons was im roughly equal, during the air average of just over $30m. On neck, the Japanese Government ported from Maleye and 4,071 craft'e useful life, to its original the best calculation that can be will make for blanket clearance tons from Indonesďá
made it should average about for all Japanese chips calling at The total Imports of rubber
cost!
bencfts little from this enor
mous increase,. because the gavemanents of the exporting countries, concerned rotain for their. own purposes prodis
New York, Feb, 11, A big annual income in 145m, for the first six month Indonesian porks under the new in the calendar your of 1052 which, at current prices, exceed Copra was quoted. toxins at foreign currency must also be of this year--and that was navigation Areement which amounted to 63,937 tons of $217 per short for. Cocoanut added--the invisible export of almost exactly, the, Agure that Japan wanted to "wign with which 64 per cent was from In theo circumstances; the oil was quoted at 10 cents a licences to build British was received in January. There Indonesia as soon as possible. Malaya and 30 per cent from necerity for a moro vigorous pound, nominal-United Prem, idealgna,"
after, of course, the amount will France-Presse.
{£80 m:tom,
Indonesia, -France-Presse.
Apr. 14
Apr, 22
Apr. 23
Apr. 21
DUNY
I
Say
4
May
10
,
Surabala & Macassar
+
lijakeria, Marion, H. Africa & ́8. America
Macassar
Зарап
Singapore, Djakarta,
Surabala & Macantar
Manila, Kingapore, P. & A. Atrira Japan
Djakarta, Bemarang,
Macausar
Kurabala எ
Bingapore, Djakarta. Krtuarang,
Búrabala & Machaiar
Яндароте, Djakarta.
Mauritius,
8. Africa di 8. America“
jakarta. Semarang. Nugabala
Macassar
Japan
Singapure, `Djakarta. Semarang,
Surabala & Maranae
Maviju, Ningaware, 5. & 8. Africa Hingapore. Jakarta.
Aurbain & Marariar
KEINATONE,
ARRIVALS
From
Feb. 12
Macassar, Surabala,
REISATADE.
Feb. 14
Feb. 19
Djakaria & Singapore Belawan Hell, Penang & Singapura Japan
KING'S BUILDING, Ground Floor
TEL, 28015/18.
CHINESE AGENTS: 82 CONNAUGHT RD, C. TELS. 31100, 25133.
MAERSK LINE
'FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA, NEXT SAILINGS
*M.S.
"GERTRUDE MAERSK" '. In Port Buoy AG M.S. "TREIN MAERSK"
*M.S. "NICOLINE MAERSK'
Calling Vancouver,
ARRIVALS FROM U.S.A.
M.S. "NICOLINE MAERSK"
M.S.
"PETER MAERSK”
M.S., "ANNA MAERSK"
Mor. 4
Mar. 18
Feb. 18
Mor.
1 !
Mar, 5
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building.
Tel. Nos. 36066-9, |
Dales and rotation rubject to change without notice.
As liberly to proceed via other ports to load/dischargG CRIES.
HONGKONG
SHARE MARKET
(From Our Correspondent)
The Rubber
Markets
Singapore, Feb. 11.
· Prices of rubber futures closed
today as follows:-
Number 1 rubber, per ib.
March
Apri
May Number
7724-78
rubber. March Stock
Number 3 rubber, March 4-701 Number 4 rubber, March 66-67 Spot rubber. “Unboled ....
7416-769% trans-Blanket crepe
No. 1 pale crepe
Business done on the Exchange this morning amount ed to $351,956, Noon quotations and the morning's actions:-
SHARES BUYERS SELLERS SALES
DANKS
HK Dank XD 1370
East Asia
143
INSURANCES
Union
19 70745 Underwriters SHIPPING
1,40
Asla Nav... DOCKS, ETC.
N. Pt. Wharf 640
Dock
2000 @ 6,50 1000 2000 €, 1.40
11 111
Provident 13.60 Provident (New).
S'hal Dock 22.00 Wheelock
00
7.00 74% 3200 @ 1.65
1
DEL #0000
Hongkew... 134 LAND, ETC.
HK Howl 1.03 174 HK Land (0) 85 JIK'Land (N) Ship Land. 1.30
UTILITIES
Trum
....... 22.10
Star Ferry
60-07 B9-94 --United Press,
LONDON MÄRKET
London, Feb. 11. The rubber market Was sleedier today. Prices closed as follows:-
Number 1 rubber, in pence
per ib.
March
April/June
July/September
October/December
-United
LONDON TIN
MARKET
London, Feb. 11. The tin market. was steady and quiet this morning.. Turn- 1000 @ 1% over was 30 tons, including dive
tons for cash. Prices closed"at" the end of the official morning
200 $3.
4
2.10 000
300
C. Light (0) 9.30 9.50 C. Light (N) 805 610 Electric ... 23.7323.90 600
10.30 10.00
17.70 17.90
Telephone Tel. (New) INDUSTRIALS'
Cement Rope STORES, FIC":
Dairy Watron
..... 17.00.
18
Besson as follows:-
Spot tin, buyers
Spot tin, sellers
Business done al
3.30 Three-months tin, buyers,
Three-monthe iin, sofern
23.70
19 10.20 300 # 38.10 300 @ 10.1@
20 Crawford 18.70 300 # 19
300 29.10
L COTTONE
MISCELLANEOUS
Yanglate
680 5.05 2006
Business - dona at
Settlement
Japanese
970
942
100
--United Press.
JAPANESE BONDS
London, Feb. 11% bonds "A" (44. of 1805) 79 "B" ($s. of 1010) 20 "C" (5 of 1907) 128
Confola
"D" (59. of 1034) 102 "E" (5#, of 1930) 154
5016
-United Press.
Now York, Feb. 11. Dealings in the stock market. totalled 1,240,000. Of 1,122 issueż
Exchange Rates traded, 105, advanced, 350 de
Busnes W's done in the 20kat unofficial · brchango market this i
morning at the following rate
U dollar tper #1) Sterling note (per 41); Indonesian guliders (per 100) Birn· Licais, (per 100)' Bingapore (tral)
IC. plastres (per 100)
elined and 200 were unchanged. Market observers, attributed
the rise to technical reasons after the recent stamp. Rails yass kained nearly 3. · Steels and', 11.40 motors moved very narrowly 34.00
Kyres dropped a polat or two. 11.72 United Press.
it
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