1953-02-27 — Page 9

Page

MESSAGERIES.

Outwarde

M

MARITIMES

M

PASSENGERS/FREIGHT SERVICE

"FELIX ROUSSEL"

Homewards

Leaves Marseilles

20 Mar.

Leaves Hongkong

"LA MAKSEILLAISE” sia tur. "FELIX ROUSSEL”

22 Apr.

Vá Marseilles to all Mediterranean & vla Djibout to Madagascar.

Gutwarde

"MEINAM"

Homewards

"FRY HILL

"COURSEULLES”

"MEÍNASI"

For Due Kangkung 30.22 Apr.

Manlia

Due Marketiles

3 Apr.

FREIGHT SERVICE

Leaves

- I) { } ] } — alled

Leaves

-Keridng 10 Mar.

Apr. ...Keetong-21 Apr.

--KeHäng-- 5

Helgbh 23 May Balgon West Africa poris,

bue ilongkong. 3 Apr. Dur Hongkong 12-13 Mar.

For

Japan

For

a Mar.

29 Apr.

+ Salzon, Marsellles, Algiers, Tanglers, Casablanca, Le Havre Antwery, Rotterdam & Dunkirk

CIÉ DES MESSAGERIES MARITIMES

P.O. Box 53, Hongkong

Queen's Building (Gr. Floor) Tel. 26651 (3 lines).

VERETT

LINES

EVERETT ORIENT LINE

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

"REBEVERETT"

Arrives Sails

Mar. 2 from Manila. Mar. 1 for

"LENEVERETT"

Arrives Sails

Penang.

Singapore, itangoon & Calcutta,

Mar. 4 from Singapore. Mor. 9 for Kobe & Yokohama.

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

EVERETT STAR LINE

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

"NORDSTJERNAN”

Arrives Soils

Mar. Mnr. 5

4 from Japan.

"THAI"

Arrives Salli

for Singapore, Part Swetten- ham,

Colombo, Mndrus, Bombay, Karachi, Khorram- shahr, Boarah - Bahrein.

Mar, 1 from Singapore..

Mar. t for Kobe & Yokohama,

(Accepting cargo for transhipment) Kobe/Pasan

Kobe/Okinawa) and

EVERETT STEAMSHIP CORPORATION S/A.

Queen's Building, Telephoho 31206. Chinese Department: Telephone 28293.

The Rubber

Markets

Singapore, Feb. 25.

Prices of rubber futures closed

todays follows:-

Number & rubber, per At.

March

701472 504-01 April May...

2014-81 Number rubber, March 75 Number 3 rubber, March 71-72

69-70 Number 4 rubber, March

732-70

Spot rubber, unbaled.. Blanket crepe

No, & pale crepe

62-2013 -United Press,

NEW YORK MARKET

Now York, Feb. 28.

HONGKONG SHARE MARKET

(From Our Correspondent)' Business done on the Stock Exchange this morning amount- ed to $196,006.70. Noon quota- trans- Lions and the morning's uctions:-

SHARES BUYERS BELLERS KALES

HK DXD 1350 Fast Atla

Uhlen

Underwritera SHIPPING

Prices of No. 1 rubber futures | INSURANCES closed today 60 higher to 5 lower with sales totalling 42 contracts. Dealers covering in nearby deli- veries dominated the futures trading. The spot market is dull ward quiet. Prices closed as follows:-

Waterboa! Asla Nav.

145

700 763

5

13 13.00

1.60

THE CHINA MAIL, FRIDAY, FEBRUARY 27, 1953.

Tribute To

Morse

(Continued from Page 4)

expected to participate jointly, Owing to the large dellelt with which the Government iz nt present being threatened it is io be feared that there will be delny in implementing these re-

lower commendations.

The prices of tea and rubber have

largely responsible been

for turning a surplus of Rs. 342 millions into an adverse trade balance of s. 205

million: consuring the years 1951 with 1952. Considerable cilesatisfac tinn i felt in foreign business cireles BL the way which various mensures Ceylonisation being

are imposed, some of which seem to Indicate unjustable discrimi nation on the part of certain Government departments.

THAILAND Thailand has had a quiet year in the political sphere in spite rumblings of discontent. In commercial and banking circles

there has been some dissatis-

At

with American materials, which is galning prestige and spirit, while the new Frime Minister has shown himself to be

be an able put energetic administra- Furthermore the economic for. altumtion is in some respects

of the hopeful: dine

richest districts

in the country Including the important plantation meas are held and administered by the Autonomous Kovomments the of the Ausoclated States: new rice crog is promising and rubber production is satisfac- tory, while coal output is ca- pected to increase. The strategie importance of Indo-Chino widely regarded as of the Best importance In East Asia to the democratic camp, and since this is so, we are unlikely to sou deterioration, but rather we have grounds for hoping that the optimists will be right.

REN

INDONESIA

is

·

regarding which it

Indonesia is another country

not easy

|

Sir Arthur

Meeting

nection with the Korean war view, in time of good trade and to balance her serious dollar prosperity there is no practical trade defelt. Jopon's sterling difference between one bunk and balances are now falling rapidly enother, But if and when owing to the restrictions already depression sets in and the value mentioned. But trade returns of securities drops, then

the for the year show that Imports difference becomes only too pain- exceeded exports by na

less fully evident between a bank Ber problem of which is genuinely solicitous of than than 60%. Increasing exports

deserves its customers' interests, takes sympathetic consideration but into account the prevailing un- it is widely felt that she could favourable economie without much dimeully reduce and gives time to its customers, her dollar imports and increase and another banic which, with

consideration her sterling imporis propor-out tionately, which might lead to simply sells out the security

to some relaxation of the sterling hypothecated

recoup Its area restrictions.

advinces. In my long experierice have always found that The Hongkong and Shanghal Bank plays fair by you if you play tale by the Bank."

OBVIOUS NEED Japan's need for the China market is of course obvious, and the reverse applies to China, but under present pollucal conditions Japan is likely to continue to restrict shipments of many types of goods and the opening of other markote is of the utmost importance.

mituation

or remorse,

Such was the reputation of the Bank more than a genera- tion ago and this reputation for fair dealing with its customers has been proudly maintained since.

I need scarcely any that

I

promptly acted in accordance with my father's admonition.

have

I am glad to say that our new to sum up the pollucal faction and confusion in regard economic situation in

and building at Osaka is proceeding to the polley of the Government. words. There are many ups and occupation before the autumn.

few rapidly and we hope to be in For instance the appreciation of downs, shades and colours, in

UNDISPUTED POSITION the tient against sterling by

by the

Many of you are aware that

Since those carly days, I scene. The fall in the lowering the import rate a year of rubber

I am handing over the reins either listened to or read in the and other

a few days me, and that this press the next day the addresses ago had a bad effect on the ex-

tural products of the country in is the last occasion on which delivered annually at the Annual port market: and the increaEO

conjunction with adverse inter-I shall preside at one of our General Meeting of shareholders in rice prices, while rubber hat factors has made the Anon Annual Meetings. I joined our prices have fallen, hus seriously

speech Affected the livelihood of work-aluation of the Government London Office exactly forty our of this Bank. The Chairman's hur always been hailed as in uneasy one. I foresee

many

years ago today. After such a an important pronouncement of dimeulties for Indonesia before long period, including thirty-the year, not only locally, but the country gets on to a steady

alght years out East, however basis. The problem is one of mu production and of taking full {*****

an easier time free from the advantage of the wenithy re-hurly-burly of

ers on the plantations in South Thailand.

much one may look forward to surdonally.

was a record year, while 200,000 commodities are still being pro- and

and

Bank commanding

མ

the

This 19 not Fears of a considerable reduc tion in rice available for export

because, in 1952 proved unfounded as

decuples daily banking,

and but lons less than in 1951, which rees of the country. A mum- inevitably one gets a sense of shipments were only about 120.

ber of agricultural and other nostalgia and of real sadness at

position in the Far East which has become such a focal point away from many old in international affairs, Its leaving many Chairman's annual review of its and his nctivities in retrospect, as one looks

and appreciation

prognostica tion of the business and cconomic situation in the

the various areas covered by the Bank's activities,

compel necessarily worldwide attention. It can

be said that with truth annual gathering is more than a mere General Meeting of the shareholders of the Bank It has grown into an institution of international importance.

but

tons are estimated to be carried deed in quantities well below in stocks. Hopes of greater rico

Rice, sugar Ler rice pre-war standards.

old friends. production are attached to the nnd coal particularly

come to

It is tempting important Chainad Dam barrage

barrage mind. However the character

the back, to start to make a cata- scheme which is proceeding and quality of some of steadily d

the country logue of the changes which have will eventually high

higher officials in

taken place since the days when mediate future of a large area of land is a good omen for the future irrigate

I frst landed in Hongkong in suitable for cultivation. This is the

they can overcome the inang ublic, almeulties which surround them. 1015,,,

1015,

I must resist the of the ambitious public

is not the works now proceeding--some I was, for instance, much Im- temptation as this

started have been newly

and pressed with speedies made at right occasion for reminiscences,

say that the of the but I will just say the most Tome are

Anniversary of the 125th in continuation

If the wisdom notable transformation that has work commenced in the last few Javasche Bank.

taken

place in the territories years, such as the Bangkok Port and foresight expressed on that scheme, a hydro-electric plant occasion can be carried forward where we operate has been here

provision of new

Bank Indonesia in Hongkong, as I feel sure that project, the

to the new which is

somo pr about to replace

our distinguished railway equipment and exten-

the Javasche

the Chinese friends who can Bank,

can look construction. sive highway

bock as

As I far a These developments are being outlook for the financial future

can, or even farther. will agree.

"The will be

credit financed partly under the United of Indonesia

for

Hongkong's progressiveness Stales Mutual Security Agency promising.

PHILIPPINES

must go in the main to a suc programine and partly by the

It is satisfactory that in the cession of farsighted Governors World Bank.

Patlippines there has been more including very notably our pre- Sir Alexander in the past year in sent Governor, dealing

the Hukbalahap Grantham. But with

the perhaps Bank The movement ap- insurgents.

eredit can claim pears to be when eliminated moretal progress. I could

although it for some of Hongkong's

com- has not yet

much about many of my and outbursts of violence may well urise from time to time. decessors but my reco As a basic measure of dealing with this and other agricultural

atten- burn, discontents considerable

of

BURMA

As regards Burma, although there is come disappointment at the slow rate of the restoration internal security and of economic advancement, progress has nevertheless been made and considering oil the difficulties it would be a mistake to expect more rapid improvement.

11

по

success

been

But

more

In

Bante

Imm-

ماوند

claim no originality In my remarks; indeed they have been the theme of many a seconder who has preceded me,

And another recurring theme of soconders has of course been the continuous and steady progress of our Bank which has grown in stature and strength with

and the vital the years,

con- tribution which it hus mado towards the welfare and prosperity of the Colony. APPRECIATION

and

charm.

ROYAL INTEROCEAN LINES

"THWANDY"

BAILINGS

Atar. a

MITRAAT BOENDA“ Mar. *TIIVONDOK"

"TASMAN"

"TSILUWAN"

PELADAN "ETRAAT

MARABBÁN”

ategipers, jakarta,

Το

—

Semarang.

Tokobams, Yokkaicht

NeNIATAPE.

Hrabala

Кове

&

Bürabain & acar

jakaria,

Macassar

Singapore, Penang, Betawan Bril

Atauriajun

Bingapore,

Djakarta, Semarang,

Satabala & Macar

Mar.

Risk,

Mar.

Mar. 17

Mar. 17 Mar, 23

MANDA,

Mar. 29

Japan

BERTI,

Bingapore, Djakarta,

Maurition, A. Afelen & 8. americà

Djakarta,

Macarar

Japan

Renturans, Agata

Singapore, Djakarta, Asmarang.

"Butabala de Minerainy

Manila, Singapore, . & A. Africa

Djakarta, Remarang, Arabala

Macauar

Hingapore,

"TJIKAMPEK”

"TEGELBERO"

"TJIWANGI"

Apt.

"TJIPANAS"

Apr.

2

"VAN HEUTEZ"

Apr.

Japan

*THHANTIRT"

Apr.

*THLUWAJI"

"TEGELBERO"

*THIPONDOK"

**TJIWANGI"

"STRAAT BANKA" "TSIRAMPER” “TJIŁUWASİ»

App. is

Apr, 22

Apr.

Apt. 2

*

May 4 Stay

May 10

*RUYS

ដ

"TZÍTJALENGKA" May 16 Atay 22

May 23

"TJIBANTJET**

Remarang.

Burabala & Macawat Singapore, Djakarta. Mauriti19.

8. Africa & X. America

Djakarta, Rematant, Nurabala

Macassar

Japan

Singapore.

DJakarta. Semarang,

Surabala & horassar

Mania, Singapore, E. & 8. Afrien Djakarta, Кемагаль Nurabala

Macaisar

Djakarta,

Surabala da Bacatwar

Bingapore.

Japan

Hemarang,

Singapore, DJakarta, Mauritius,

Routh Alries & B. America

Djakarta Semarang, Surabala

Macuar

ARRIVALS

"TJIWANOI"

"STRAAT BOENDA" Mar. "TJIPONPOR“ "TASMAN"

Jo

Port

Machtiar,

MILE. Mar.

.

From

Semarang,

Nurabala,

Bjakirta & Singapore

8. & E. Africa, Mauritius & Singapore Japan

Зарад

KING'S BUILDING, Ground Floor

TEL. 28015/18.

CHINESE AGENTS: 82 CONNAUGHT RD, C. TELS. 31100, E515%.

MAERSK LINE

FAST FORTNIGHTLY: SERVICE TO:

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

NEXT SAILINGS

M.S. "TREIN MAERSK" *M.S. "NICOLINE MAERSK"

M.S. "ANNA MAERSK"

⚫ Calling Vancouver, ARRIVALS FROM U.S.A.

M.S. "PETER MÅERSK" M.S. "ANNA MAERSK" M.S. "LEXA MAERSK"

Mar. G Mar. 20 Apr.

2

In Port Buoy A-2 Mar. 5

Mar. 22

For Freight and Further Particulars please apply to:-

In

his

08

ANA og but not unro

win the discharge of the heavy

also

of the

AGENTS:

JEBSEN & CO.

Pedder Building.

Tel. Nos, 86066-9,

Chinese Freight Booking Office 27, Connaught Road, C.

Tel. 20461 Dates and ratkiloa-suhject to change without notice.

At Uberty_to proceed via other party to load/discharge cargo.

of

Smallholders' Plight

London, Feb. 26.

Awbery (Labour) feel sure, prefer to be known said that the fall in production as Morse of Hongkong. And reflected a fall in price. Small do not think there has been any holders were being helped previous Chief Manager who financially and technically to has thrown himself more whole

Colony's

heartedly Into the affairs than Sir Arthur.

LEAVES A void

replant

trees giving high yilda and improved quality rubber.

If I may say so, the speech to are particularly vivid and poig which we have just listened is with the high zant about Sir Vandeleur Gray-in accordance the

death whose

Chairman's 1943 tradition of annual

Speech both 23 One noteworthy feature has tion has recently been directed while he was in the hands of

masterly review of world events the been the natumption of office of to proposals

for the reform of

as such a Japanese, come

and world tendencies from the the first popularly elected land tenure and allied matters. severe shock to ali

connected Government

under

Prime The Hardie report on this sub-with the Bank and with Hong-point of view of business and Minister

commerce, and as a sober state- by the Mutual kong TRIBUTE TO STAFF ject sponsored by th

ment of the Banic's progress. To President, Dr Ba U, Security Agency gave rise

say more than this would be distinguished former Chief keen

It was on December 18th 1941, Keen controversy.

action is just before the fall of Hong-tent myself with expressing, on

superfluous. I therefore con- World War II. And Justice, has also taken office, necessity for carly

come respects he went further: and the recent kong, that I was called upon to A further important event widely agreed

behalf of all the shareholders, It can I think be claimed that Was the passing of

by the serve as Acting Chief Manager the Union open support given

our appreciation of the good he played a prominent part in Bank of Burma Aet at the first Defence Secretary makes the in London and it is with real

gratitude that

work of the Chief Manager, there-building Hongkong as well. session of the new Parlament, prospet promising.

I think of the This Act toolt effect on

July 1st During the past year the ready assistance I received in Board of Directors and the Staff He did this by the bold policy

for another year's excellent re-

he adopted in Anancing the when the Union Bank became in copra and hemp markets were the war years from many de-sult achieved.

re-establishment

Hong- effect a Centraf

Majesty's. Bank. The badly depressed und although partments of

I feel sure they would like to

kong's utility services and In- Burn Currency Board has been the sugar crop was an Im-Government und associate themselves with your dustries which otherwise Mr Oliver Lyttelton, Colonial

the Colonial Office absorbed and finally closed its

on 1051 there was

tributes to, our Governor

would almost certainly have Secretary, was asked if he was doors on December 31st Inst

considerable of England. I niso gratefully.

Alexander Grantham and the

been unable to reach the aware that the production of The Burma rupee is now termed

In the total

value of rectal the forbearance of the high officers of Government med decline

remarkable shareholders

stage of rubber, from small holdings in present of However,

the Bank in mentioned by you. If I may a Kyat which is divided into exports in the year.

development. Sir Thomas Maloys dropped in 1052 by when it was say so, Sir, your confident comi-

Jackson smaller units under the decimal tightened controls reduced in those dark days

was compared with Į 30,000 tons compared with 1901, mendation of Mr M. W. Tumer

Clive of India and "with Swet- the Kyat no ports by over Pesos 100 millions impossible to see far ahead and system. Although

He was also asked what steps as your successor is no surprise longer has Axed statutory that the final

tenham of Malaya but perhaps were being taken to encourage figures are hazardous to plan for the future,

ine. I trust that

they have not to the shareholders. He has

there is no need to seck such smallholders to cultivate rub- value in terms of sterling, the likely to show a not greatly in-.

to been

with disappointed

the impressed all those who have previously parities of the

comparisons in the case of Sir] bèr. creased trade deficit, Thanks

come into Labished

which have been privileged to were United States Government ex-post-war results exchange rates

Arthur Morse. He would, I adopted without

in the change. A penditure

Philippines been effected in a period when contact with him with his out-

arsk

standing ability the the visible at feature of the financial position during the year

outlook was quite

and. im-

courtesy

We will probably

then surprisingly is the increasingly large deposits adverse balance in the Union Bank on Govern- bo cancelled out.

and more recently again, extend to him our good wishes JAPAN ment account. Although the note

and responsible task which lies 1052 Japan All this time I have circulation- und commercial On April 28th

before him. banks deposits have changed regained her full sovereignty supported by the Staff

Anyone, who is privileged to 10 Government deposits are

whom I after more than six and a half Bank

must pay due now nearly 45% of the total years of Occupation. Now tribule, from managers down to second the principal resolution

the most

from the Choir at an Annual local employee. Junlor supply of money. The useful em- Japan is directing her polletes

By virtue of his wholehearted sense cannot but feel ployment of these idle deposits as she sees fit subject only to My long experience encourages General Meeting of this Bank

of support of and devotion to all would considerably assist the the inhibitions and restrictions me to assert that there are few honour and pleasure. Today, I worthwhile projects, he has economic recovery of the coun with which sho is obliged to banks or

concerns In For ekse which

am indeed conscious of the created for himself such a place coinify as a partner in the anti-the East or

uco | honour, but the pleasure

in the community that his de- world. The Government has an eight communist

ean have had such loyalty Japanese can

and year programme for large scale oficiais are

officials are already established support from their

vaya | by one sad circumstance.

I refer literal en woll as the metaphori- prided

Itself of course to the impending | ent

of this cal senso

It word, which on treating its staff well, and departure on retirement of Sir would be indeed difcult to fill. American technical assistance the world and her bankers and

are to be found they have responded in a way Arthur and the fact that this is has been obtained to make de merchants

our behalf share which calls for the thanks of the last occasion on which he holders and, if I may do so, at a

And on your half as searching for 374# 13.80 talled investigations as to how everywhere 500 g 14.

best to proceed.

all shareholders. The possible commodation and for business.

addresses us as Chairman. electric The

The outstanding

member of the public, on beheit Japanese hydro 1500 21 establishment of

I have no hesitation what-

SIR ARTHUR'S SERVICE of the public, I extend to Sir 110 XD

been have Loans the pre-war

rensoover in commending to you

Arthur and Ledy Morse our best 3250030 plant, the development of

Kalown Coal Mines and other settled on terms satisfactory to my successor as Chief Manager, This is not the occasion, and wishes for their happiness, 400 23.00 mining projects are amongst the most bondholders, and Japan has Mr. M. W. Tumez, who is already. I have certainly not the right, health and prosperity. If 1 may including five tons for 200033 plans under consideration. Bean been accepted as a member of the known here and who has to aliempt, with however

strike π more personal note, I Prices closed at the end of the Monetary Fund and making his mark in Hongkong brevity, to relate the manifold do this with all the warmth of official morning sessions as fol- tion of the sea ports, especially the World Bank

one who has known Sir Arthur lowe a large loan for dent that he will serve the which Sir Arthur has performed since his yourg days when we Rangoon, is proceeding rapidly is Bow 700 10.10 with technical advice and finan- the development of hydro-Bank well.

to the Colony. There have been played tennis against one in the past great and even 2010 cial support from United States electric power plants.

SECONDER'S SPEECH Yet there is no ittle nervous-

other in league matches. legendary Chief Managers of

With these few remarks, Sir, I ness about.

The Hon. Sir Man Kam Lo, the Bank such as Sir Thomas INDÓ-CHINÁ

political, Japan's It is difficult to decide what commercial and nnancial future. C.B.E., in seconding, sald:

Jackson who in the years 1870-beg formally to second the On my return to Hongkong 1902. established

pro- line to take about the political Her internal political problems

the high solution which has been and economic situation in Indore, not, however, likely to have early 10 years ago, my

East. But venture to think China. There

are many gloomy serious external reactions, Hur tather spoke to me about The putation of the Bank in the posed from, the Chair. and

that there has been no previous prophets yet considerable commercial outlook is gloomy Hongkong and Shanghai Bank.

Chief Manager who has bad to ever direct and guide with such the restrictions im-vividly in my memory presidit investment in Australia Exchange Rates unbunt of quiet optimisin pres because it has been so seriously what he said to me has remained

circles, valla in

affected

by lonowledgeable

whom since, and the wisdom of his conspicuous success—the Bank's countries The pestiinials see no end in posed by

upon war the is dependent for a large corks has been proved time affairs during such an important elvit sight' to

ns that and have no

proportion of her trade-perley end again to my personal know and dificult period confidence the regime to which the French Incly the sterling area countries ledge. What be sold was this: which coincided with Sir have given to much responsibility Financially she is in a precarious "When you have occasion to have Arthur's term of office. Indeed On the other hand the optimists pasiflors because of her depend-a banking account, go to The it was Bir Arthur who ro dull Coconut oll was quoted at 15 uulitles claim that there is a strong and enco on American dollar ex-Hongkong and Shanghal Bank. celablished the Bank's position 17 conty a pound, traded, United 49 honda growing Vietnam army helped penditure in Japan in con- From the customer's point of after it had suffered severely Press,

March

May

September

December

March

1

29.50 naked

27.10

27.10 bid

20.00 bid

20.53 nominat 5058 nomizol

--United Press.

LONDON MARKET

London, Fob, 20.

Prices of rubber futures closed

today as follows:----

Number 1 rubber,

in pence per

May

June

April/June July/Beslember

October/December

DOCKS, ETC.

X. Whart N. PL. Wharf Dock

Wheelock... 7.40

M

6.43

19.10

Provident. 12.00

800 12.770

1000 12.70

3600 7.43

2000 of 7.45

11000 7.50 23 53 1700 700

14 3400 13.30

LAND, ETC.

TIK Hotel HK Land JIK Land S'hai Land tumphreyn

UTILITIES

Trom

Star Ferry

7.63

136 135

2214

C. Lim (0) 93

C. Light (N)

Electric

... 2015

Telephone

2016-23 INDUSTRIALS United Press. Cerpent

RODT

CHRYSLER AND AUSTRALIA

Melbourne, Feb. 26. The President of the Ameri- can Chrysler Motors Export Corporation, Mr C. 3. Thomas, announced hero today that his company. would double

to US$10,000,000,

STORES

Dairy

Watson

משלו

.......10.20 ..... 23.00

1720 XD.

10.00 XD

10.60

201

La Crawford' COTTONS

200 216 MISCELLANEOUS

Yengleze... 100

*9**

2.

Before retuming to the United Business was done in the local exchange *** market this

0.000

Statce by alr, he said that his unomelat

morning at the following rates:- company considered the produe U.A. dollar per 1 tion of an all-Australian car sterling note per cibla impracticable but was producing Indonesian quilters (per 100):2150 an all-British lorry there-Reu-Siam Kionis per 100)

Bingopore (Blaite)_ 1er,

FIG plastres (per, 100)

$0.40

Jazo

the

Mr Awbery urged that small- holders should be given a co- operative system to assist them in the same way as the large plantations.

To this Mr Lytteltori replied that specint rangements and small planter-Reuler,

development of the country and in all the important capitals of foong has always ft. Wave would normally feel is marred parture will leave a vold, in the been made to help the

time the work on the rehabilita- Internatiorek from which she in the last few years. I am con- and outstanding public services

Bources.

tite

Д

late

Copra Quotation

4

an-

LONDON TIN

London, Feb. 24. Thatin market was very steady today. Turnover was 75 tons cash.

Spot tin, buyer spot tin, wellery Business done al Three-months tin, buyer.. Three-months tin, sellers. Business done at Bettlement

nsa

100

100

03

930

040-033 United Prea

NY Stock Exchange

New York, Feb. 20.. Dow Jones -averages at the New York, Feb, 20, end of the morning Stock Ex- Copra was quoted today at change session:-

284.33 322000 per short ton, c... the 20 ilustrials Pacife Coast. The market, var 20 ralls

100.79 $2.57

07.87

-United Preat,