1953-03-06 — Page 9

Page

THE CHINA MAIL, FRIDAY, MARCH 6, 1953.

U.S. Must Open Doors Germans To Aid Economic Survey MESSAGERIES

To Foreign Trade, Says The

Treasury

London, Mar. 5. The importance of future United States

Japan & commercial and economic policies in relation to

Sterling Area

Reported Request From Tokyo

A

the Sterling Area's dollar problem is stressed in the British Treasury's monthly "Bulletin for In- dustry."

An effective solution to the balance of pay- ments problem is unlikely unless we can build up a substantially increased flow of exports to the dollar area, the Bulletin says.

United States commercial policy is of great ́im- portance here, both directly in helping British exporters to earn more dollars by sales 'to the United States, and Treasury spokesman indirectly, because the more prosperous the

Tokyo, Mar. 5.

Japanese Steel Industry?

Duesseldorf, Mar. 5. Japanese ateci Indus- trialiste may shority invite West German engineers to kelp modernise Japan to

Me production methods, Hideaki Sunabori said here today.

Ale Busabori, a Japanese businessman, camo here

week as permanent re- presentative in Europe of the Yawats iron and steel works.

ort

Japan would seek to buy

German ator) pro- hire duction patents, Mr Sana- bori said. After a tour of Plan coun- the Schuman trics

And Britain and Scandinavia, he planned to set up an office here.--- Reuter.

Of Colonial Territories

Over £22 millions has been allotted by the United Kingdom since 1940, under the Colonial Development and Welfare Acts, to the British Caribbean territories, the population of which is approximately 3,200,000.

Details of these grants and of capital development the latest volume of the expenditure are given in "Economic Survey of the Colonial Territories 1951" which deals with the West Indian and American Ter- ritories.

Money provided by the United | more than 4,000,000 lbs. of woul Kingdom taxpayer is being spent are exported each year. on a wide variety of develop-

today declined to comment; of the United States are the better willst neighbours Claims For a duction, in settles turni improvement.

on 21 Press report that our exporta. Japan had asked Britain to

The spokesman suid British and Japanese representatives

were now

Though examining In Tokyo the whole problem of Japanese bainnce of payments with the Sterling Aren, of which. Britain is the banker.

He could make no comment until the Tokyo discussions had ended.

Usually reliable London Inancial quarters at Britain's approach to the balance of pay menta question was based on an attempt to reconcile two prin- ciples:

Britain's desire to expand the use of Stering, and the, restric- tion of imports to ensure that a balance of payments equilibrium By achievext for the Sterling Art: .

These quarters said Britain would welcome in principle any two way increase in Japan's

trade.

keep

The Rubber

Markets

British and other Sterling Area exparters to and markets in those countries.

on

The Sterling Area's task in getting its balance of payments and stable bnels a sound would be greatly ensed, therefore, If there

were no "world dollar gap"; that is, if the earning and spending of the U.S. In the rest of the world were brought to u more stable equilibrium, whether by an increase in U.S. imports or

Own

Synthetic Rubber

Washington, Mar. 5. Operators of the US. synthetis rubber industry say their product is generally superior to natural rubber and that its supply should be increased to meet a growing world rubber danand.

Jent projects including Yizo The largest development plan construction of airports and is in Jamaica, which is propusing roads, Jarge - scale

housing to spend £21,200,000 in 10 years. schemes, the bullding off including £1,000,000 on agricul- £5,500,000 inent, agriculturni research and un public health, and 3.300.000 telecommualcations.

on education, Nearly one-third of the money is being provided under the Colonial Development and Welfare Acts. Trinidad is proposing to spend approximately £7,500,000 in five years,

The tourist industry is the most important in the Balısına Islands which are visited by 30,000 to 35,000 tourists each year. Four-fifths of these are Amerleans and half of travel by air.

them

MAERSK LINK

Bermuda is visited by 40,000 NOTICE TO CONSIGE EES tourists each

year, where they spend about £5 millions.

Jamalea was visited in 1930 by 75,000 tourists. They are estimated to have spent L3

my. "ANNA MAERSK". millions.

having wrived from New York and Trinidad's output of petroleum

Ports of call, Consignees of Cargo are is

20 million hereby notifled that their goods are Dvor products

being landed and placed a Deir barrels a year, and more than

risk and expense into the Hongkong $30,000 tons of lake asphalt are Kewloon Wharf & Godown Com- produced annually.

pany's godowns at Kowloss, where British Gulana is the most im-delivery may be obtained as

as the Euors are handed. portant minéral and timber

Optional cargo will not he landed producer, with an annual output in 1850 of nearly 1,000,000 tons here, unless notice has been given worth of hours prior to vessel's arrival, but carried on from puri to part to ol bauxite, 133,000 gold, and £280,000 worth of the final part et calf to which the

option extends, diamonds.

there.

NOKIN

Ne claims will be atlailted, after the Goods inve left the Godowns, after the 13th Mareli, 1933, will be and all goods remaining undelivered

in dollar area countries. the case restrictions on Japan-Bulletin points out, we do not ese Imports into the Sterling | normally have to cope with Aren.

quota restrictions on our exports; the problem is to build up our exports in the face of American and other competition

less important from the point of view of the Sterling Area's long-terin dollar problem, transactions with O. E. E. C. (Western Europe) and other non-dollar countries enable the Sterling Aren either in save us in US. Investment. earn goid to set its deci

URGENT NEED

They forecast that the South- rubber Asian natural with the dollar area,

Not

cast CHIL

would

ottr

growers will produce about But many countries outside the prospects of Increasing

our | Yoonan lang tons the year and dollar area tend to be in balance dollar earnings be directly im-that it will be more than 700,000 of payments difficulties, too, and proved, but the fact that other short of world rubber con- this makes it more difficult for

countries opportunities of in-sumption. They forecast further creasing their

dollar earnings that the synthetic producers will were also improved would (if he called on to make up the they were able to lake advantage expected thortage. of them) make it possible for these countries to remove their Looking further ahead. the import restrictions and thus give managers of this nation's synthe U5 more opportunities of in-tle industry estimated the world

The Colonial Development ercasing our earnings indirectly will aced about 2.800,000 tons of

"The closing of the world new rubber by 1938 and that the Corporation is investing £780,000 dollar gap' requires co-operative producers of natural rubber will in gold mining, and over £2

to supply only about millions in forestry development subject to rent. able be acilon by the various trading groups of the free world." the 1,700,000 tons. Bulletin

**"and concludes,

Its success would be greatly assisted 2716-1 by uction on the part of the U.S. 2036-2,

to enable other countries to earn 20%-% 734-74% mure dollars. 501-70% "But the Sterling Area has 0722-602

abolish its own dollar gap' 701-77 to

regardless of what happens to the No. 1 pair crepe ***** 01-35 world duila gap....and the This survey of the world rub

United Press.

expansion of our exports to the ber industry came from the Re- LONDON MARKET

doilar area is the most effective construction Finance Corporn-

South Georgia, a dependency be recognized. London, Mar. 6.

4 Government quency of the Falkland Islands, which The rubber market was bare-contribution British industry canton,

to this end. make

which manages the nation's half lies on the edge of the Antarctic, ly stently today. Prices closed us

The scope for improvement is billion dollar synthetic plants is an important whaling centre, follows:-

considerable and the need is and was part of an R.F.C. pro and nearly 3,000 whales annually urgent and lasting." Londonposal that the Government-have been caught from there in Hongkong, 4th March, 1993. Express Service,

owned synthetic industry be recent years.

On the Falkland Islands sheep sold to private hands.

The proposal, made to Prest- dent Eisenhower and Congress, saict the R.F.C. believed the U.S.'s security is well enough

allow 10

the Madrid, Mar. 3. guarded now Spain's orange crop is es- Government to get out of the timated at about 1,500,000 tons, rubber production business. 400,000 tons лого than last also said the synthetic industry well enough bad become year.

Some 000,000 tons are for established that it should

with natural lie market; export, the rest for the domes-cessfully compete

Singapore, Mar. 5. Priers of rubber The Japanese Government is closed today as follows:-

futures be considering Number rubber, per 1b.

April

understood

to

Aume such plan.

The

May May

reports ndcieel Japon would have no alternative but | Number 2 rubber, April to switch the emphasis on her: Number 3 rubber, April .. foreign trade policy from the Number 4 rubber, Apri

Banket repe Spot rubber, unhaled

Sterling to the dollar and open account areas,

Japan's

Sterling balances dropped to £76 million Just December, after standing ut; 2126 million in June of the

- same year.

The Japanese ray they need

to hold at least 450 million to meet their Sterling requirements | Aprü and to pay oft bre-war debts. - Reuter.

Cotton Prices

In New York

GA-GO

Number 3 rubber, in pence

per 11.

2241-3

22

May

Junie

ApritzJune

Judy/September

Dutuber/Decembr

--United Prem

NEW YORK MARKET

New York. Mar. 5. Prices of No. 1 rubber futures closed today 35 to 80 points lower with

totalling contracts. March MAY

New York. Mar. 5. Prices of rotion futures closed July

today as follows:-

Spot

Maret

May

July

Octuber

December

March

May July

September

31.10 mominal | December

33.42-3.45

33.57-33.59

33.7

23.784-33.79

34.1

33.00 nominal

99.90 nominal

United Press

NEW ORLEANS MARKET

Root

Wareh

May

July October December

Murch

May July

Cosing, rate

March 3.

.10

33.40

33.57 33.75-33.70 33.79 let

33.95 bir 33.89

3. Lịch Unlied Press.

New York Sugar Futures

New York. Mar. 5. Worki sugar futures, closed today unchanged to 5 points lower with sales totalling 53 contracts. Contract No. closed un- changed to 2 higher with sales totalling 100 contracts.

May

Contract No. 4 (world)

July September

3.40 nominat 3.41-3.43

2,41 bl

3.42 bid

3.55 nominal

3.41 bid

March (1934) Spot

sales

60

27,50 bhl

20.70

20.25-bit

25.75

23.65

25.58

271⁄2 nom. -United Press.

Increase In

Capital

Wishinglon, Mar. 5.

The Department of Commerce reports U.S. Corporations In- bervased their eppital by about

$30,000,000,000 in 1952,

and Uls-

that $3,000,000,000 of new record-was for plant and equipment.

arzel

The remainder was for addi- tional operating capital. was $9,000,000,000 less than in 1951. The Úrop In new operating capital required by corporations was accounted for. de- the Department said, by creased inventories.

Meanwhile, it was added, ing divitual

savings reached about $18,000,000,000 in 1952, $2,000,000,000

than in more 1901. The report added: While individual savings mounted, 50 did personal debt, which creased $8,500,000,000 in 1952. -Assoclated Pross.

3.42 nominal | New Plant In

3.40

October

January

March

May

Spot

Contract No. 0

5.73

May

July

September

November

March

Spat

0.05 nominal

Operation

-

New York, Mar. 5. Courtaulda, Inc.. Announced 8.48 nominal (t 1185 begun production

rayan slaple fibre at its New plant In Alabama.

5,70

-United Press.

Ship Salvage Agreement

Manila, Mar, 5.

A Philippines-Japanese' agree-

lv

an-

The plant will have a copaci

of 50,000,000 pounts nually, which compares with 211.8 million pounds of viscose and cupra staplo and tow made by all Americon producers in 1952. —Associated Press.

ment on the salvage of ships sunk Lead Price In NY

an-

t

ORANGE CROP

IN SPAIN

means

This, they estimated. the synthetic industry must be prepared by that time to turn out more than a million tons. The present capacity of the US. syrthette plants is well below that Rgure.

rubber,"

suc-

natural

big Germany has become a

In fact, the R.F.C. proposal elicat because of the ending of the protection previously shown said, the synthetle industry hus

nothing to fear from French and Italion fruit.

seemingly Indicating Norway, rubber, Belgium, Holland, Switzerland, Austria, Denmark, thereby that synthetic is now a in the world and Finland are also good cus- stronger factor

aver natural- citrus rubber trade Spanish tomers for

Associated Press, fruits, Associated Press,

Malaya Replaced

Japanese

Rubber

As Source Of

Tokyo, Mar. 5.

Indonesia has replaced Malaya as Japan's source of rubber, and Japanese rubber importers see no immediate prospect of a reversal in the trend.

and

85-35 and

Ometals of the Japan Rubber worth of rubber of which, $10,- was to be pur- Federation gave two reasons | 000,000 worth

from Indonesia for the recent lead taken by In- chased donesian rubber:

$13,000,000 from Singapore,

The prewar ratio was 1.-Japan has deliberately

in favour of Singapore encouraged rubber purchases from Indonesia in order to All more recently has been 50-50.

of the Omelala

Japanese its commitment to buy up to Rubber Federation said that $10,250,000 worth by the end Indonesian rubber prices have of June.

heen rising and as a result there

Since November the Bank of may be Dome cancellations. Japan has given Importers of However, they predicted that continue to Indonesian rubber special credit Indonesia would treatment Including six months dominate the Japanese. rubber from the time

for some time It allocates import maritet

Im- to come. foreign exchange to the porter to pay in the accessary

sald that the complaint that yen at an interest rate of three per cent per annum compared in quality to Indonesian rubber to the eight per cent charged by of the same grade had not been commercial banks.

heard for tome time.

2.

the

Toya rubber was Inferior

The

The Government stopped. Singapore Authorities had imports from the Sterling clamped down on grading, they Arca, including Malaya. for seven days from February 13 In spite of this, however, they to 19 in order to stop the believed that the trend toward drainage on. nation's Sterl the purchase of Indonesian

exchange. Ing

The ucrubber, which started

when tion New York, Mar, be

started a stampede for those complaints began, could nob be stopped immediately. Prices In the metal market open account allocations to buy

Even relaxation of the restric- Ile said that a virtual agree- closed unchanged with the Indonesian rubber.

The result was that for the tons on Japanese Imports by ment had been reached with fellowing exception.-

added, Under-Secretary Felino Nerl of Lead, common, New York, eight months ending February Sterling countries, they the Foreign Affairs Omro regard- per lb. 29.60 cents, United the Bank of Japan had accepted would not appreciably reverse Eng terms--Reuter.

Press

applications to buy $32,000,000 the trend.-United Press.

La Philippines waters, was nounced by Mr Toru Nakagawa, chief of the Japanese enission to the Philippines, today.

JAMAICA LARGEST

only British Honduras, the British

territory in Centrul America, is a loading producer of

material raw chicle, the chewing gum. Exports of chicle are worth £250,000 a year. The large territory also produces quantities of mahogany.

l

All breken, chafed, and damaged Goods are to be left in the Godowns, where they will be examined on 12th March, 1933, at 10 a.m. by our Sur- veyors fears. Godard Douglas.

To comply with the General Honde ed Warehire Regulations cosigners must have a Revenue Officer in at

tendance when damaged dullable goods are examined.

before

All clates must reach the 6th April. 1953, or they will not

No Insurance will be effected.

JCBBEN & CO. ARents

rearing is the main activity, and NOTICE TO CONSIGNEES

Grain Prices

In Chicago

Consignees per. AUSTRALIA-WEST PACIFIC LINE

12. "AS"

are hereby notilled But their cargo is being discharged into the Hang- kong & Kowloon Wharf & Godown where it will be at Cuk godown Chicago, Mar. §.

consignees risk und subject to the Clifeago grains and leading Wharf's terms and condition. ut. commodities favoured the up-storage, and where delivery may be side in generally quiet und obtained.

Damaged packages are to be left mixed dealings today. Wheat closed

lo 1 higher and in the godowns for examination by

Consignees and the Company's sur soybeans were to 11⁄2 higher veyors, Messes, Carmichael de Clarks

al 10 m. an the Gih March, 1953. Prices closed as follows:

General with the Tu comply Bonded Warehouse Regulations, con- Migners must have a fevenue Officer in attendance whon dntnaged duti Fable goods are examined.

Wheat-price per bushel

2.20 nominal 2.25 2294-1 2.JEL

3.334-52

2.371

1,58 nomina!

1.5515

1.50-1.59%

Spot March May

July

September December

Corn

Spot

March

May July September

December

1.54X

March

May

1.78 nominat .1.0014

Oats

Marcla

May

708-23 7434-35

1.42%

1.02%

New York flour-per 200 lb. Sack $12.90 nominal-United Press.

No clatins wil be admitted, after the goods have felt the steamer's remaining godown, and all goods undelivered after the 1953, will be subject to rent.

the steamer All claim against

to the Under- must be presented signed on or before the 18th March, 1953, or they will not be recognised. No Fire Insurance will be affected.

NODWELL & CO., LTD. Agents,

Hongkong. 4th March, 180.

M.V. "LA MARSEILLAISE"

will sail for MARSEILLES

via

MANILA, BAIGON, SINGAPORE, COLOMBO, DJIBOUTI, SUEZ and PORT SAID.

on

SUNDAY, MARCH 8, 1953, at 10 p.m.

BAGGAGE:

All passengers' baggage must be sent to the Hongkong & Kowloon Wharf Co's Godown at No. 2 Gate, Canton Road Entrance, on the 7th March from 10 a.m. to Noon and from 2 to 5- p.m. or on the 8th March from 10 n.m. to Noon only, With the exception of hand packages carried by the passengers themselves, ALL BAGGAGE must pass through the Wharf Company's godown'as indicated above. BAGGAGE COOLIES WILL BE REFUSED ADMIT- TANCE TO THE WHARF.

Passengers are requested to board the vessel on the 8th March between 6 and 9 pm.

Our passenger department will remain open on Saturday afternoon and on Sunday morning, the 7th and 8th March, during office hours.

Compagnie Des Messageries

Queen's Building.

Tel: 28061 (8

M

MARITIMES M

PASSENCERS/FREIGHT SERVICE

Outwardn "FELIX ROUSSEL"

Homewards

"LA MARSEILLAISE" "FELIX ROUNSEL"

י י

-

Hongkong

Hongkong

Leaves Marieilles

20 Mar.

20-22 Apr,

Fol MARIEN

The Marseiller

Via

3 Apr.

Salgen

23 May

1- Mar

22 Apr. via Murseliles to all Mediterranean & vla Djibouti to Madagascar.

Outwards

MEINAST

Homewaris

"FRY HILL" "COURSEULLES" "MEINAM"

FREIGHT SERVICE

Leaves Dunkirkite

Leaves

Rechtig Mar.

„Keelung--- 3, Apr.

Keelung-28 Apr.

Salgon West Afrien paris,

Dor Bangkang

3 Apr.

1 Hongkong

76.20 ilar.

Apr.

30 Apr.

Fot

: Janah

For

† Saigon, Marseilles, Alglers, Oran, Tanglers, Casablanca, Le Havre, Antwerp, Rotterdam & Dunkirk

CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong Queen's Building (Gr. Floor) Tel. 26661 (3 lines).'

MAERSK LINE

1

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS'

MLS. TREIN MAERSK"

*M.S.

"NICOLINE MAERSK”

M.S. "ANNA MAERSK"

Culling Vancouver. ARRIVALS FROM U.S.A.

MLS. “ANNA MAERSK” M.S. "LEXA MAERSK" M.S.

"LEISE MAERSK"

Mar. 8

Mar. 20

Apr. 2

In Port Buoy A-9 Mar. 23 Apr. 14

For Freight and Further Particulars please apply to:-

B

AGENTS:

JEBSEN & CO.

Pedder Building.

Tel. Nos: 36066-9.

Chinese Freight Booking Office

27, Commught Road, C.

Tel. 20461 Dales and rotation subject to change without notice.

At liberty to proceed via other porta to load/discharge enrgo.

EVERETT

E

LINES

EVERETT ORIENT LINE

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

"LENEVERETT”

Arrives Suils

Mar. 8 from Singapore, Mar, } for

是 Kobe

"NOREVERETT"

Arrives

Salls

Mior. 21 from Manila. Mar. 22 ໂ Singapore,

Rangoon

Yokohama,

&

Penang, Calcutta,

(Accepting cargo for transhipment) Kabe/Pusan and Kobe/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.

"THAI"

Arrives Salls

"THAI" Arrives Sails

Mar, D Mar. 0

from Singapore..

for Kobe & Yokohama,

Mar. 31 Apr. 1

from Japan.

for Singapore, Port Swet- tenham. Madras, Colombo, Bombay, Karachi, Khor ramshahr, Basrah &

Bahrein.

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

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

BUSINESS REGULATION ORDINANCE · 1952

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

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

HONGKONG AND KOWLOON

TEN CENTS EACH