1953-03-11 — Page 9

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THE CHINA MAIL, WEDNESDAY, MARCH 11, 1953..

An Japanese Barter Britain Urged

Over The Synthetics

Opportunity For Britain

Economic Hump?

Australia Making A

Rapid Recovery

Sydney, Mar. 10.

Australia is making a

rapld economic

recovery

London.

Boon, problem, promise, adventure—the new from the hard days of synthetic fabrics, the man-made fibres, are all

1952's "recession".

The Prime Minister, AIF Robert Menzies, describes it as u

"heartening transformation in

on article reviewing Australia's evolotny in the nationally dia- tributed weekly "Fanner un Settler'

oroday there lo a fast growing

etion in the minds of Aus- tralian people that we are over the really tough economic hump and that ahead les expansion endl

prosperity," zald Mr Menzies,

“Exports for the current year may xever £800 millions-a total execeded only in the 1951 boom year," the National Bank of Australia Ltd, said in similiar revłow.

If this is achieved this country will have ☎ trading surplus of from £250 to £300 million for the full financial year, the Bank mid.

گرام

this

It added: "Part surplus will be absorbed by a comparatively large net deleit ON account of the so-called invisible payments.

But there rhould remuin sufficient to pro- very useful it in our ville reserves of foreign currency.

Increase of £94 million in ex- Fort intume for the seven months bas

internal improved Annelul ruidity and simulated more active spenting."

THE REASON

Financial

these things.

Rayon, after thirty years of growing use and constant improvement, is ungratefully taken for granted.

Bul nylon, with its turn of | and mould is both a convenience glansour, is unfolding polentiali- and a cost-saver.. ties, its eminent - fitness for our Tight travelling, self - nerving, time-conscious modern life; ardil and terylene, thuse promising problem-children of the chemical 1000

industry,

offering, perhaps, the long-run answer to the looming world shortage of wool; these have caught the public imagi- notion, in which they bulk mich larger than the actual production ngures would reply.

any

Industries'

II

3፡ This

DARK HORSES

It was, perhaps, good fortune, however heavily disguised, which

the British debut of thined "nylo

for that bleak 3-car whose general 1946,

amid

they served As reariness triumphant symbol of luxurious femininity, a sort of Every-

Mink Coat,

The woman's glamour thus reflected over the whole range us nylon fabrics survived even the horrid misuse Deskto the natural

fibres of virtually airtight parachute indeed, even rayon Is stili material for underwear. Today,

stripling

quantity, | no such misuse as likely; fron Ixist year.

country broende to ships' hawsers, ench proceed 2413 million pounds of use of nylon has its custom-made continuous-ruyor Bloment and Abre and fabric. eighty-three million pounds of rayon staple; the corresponding [***

output of cotton yarn was 1,138 million pounds, that of woollen, Terylene und ardil are, com- Worsted yarn 501 million paratively speaking, dark horses. sid Pounda. Nylon has reached here Being akin to wool in molecula

output of eleven million structure, both hold more pro- pounds, to be trebled shortly mise of emulating weal's qualities when extensions

big than does uylin or the ingenious Will they factory at Pantypool are cum-new rayon alaples. pleted. Ardil, Imperial Chemical ever be note to wool than mar- Not, per- Is garine is to butter? Abre, protein hardly past the pilot-plant stage; haps, quite a fair parallel; with qualities of a single faclory, opened last year their

spectand their different experts

scheduled say the

with

capacity of handle," million twenty- return to pros-

pounds, reactions to dyes they can modify two reason for this

full pro and variegate, as well as cheapen. should At the strength of

be perity, lieg

Australia'a primary and basię duction

1034. the wollen fabrics with which by industrica, and the Federal Ter

oil-renery by- they are mixed; giene, mi Government's anti Inflation product, has reached in it

Blending or adulteration, us Included heavy second year, policy which

of production un

Aternly chil the wool-producers import restrictions.

million pit-provides vilput of ane

their chief use at The National Bank said, "For | with an immediate objective of

and myon present; lor ardil principal export eleven million. wool the

to remain staple this is likely backbone of

the wear- true, neither having economy current

resisting

of wool. qualities 10 per cent prices are about

and has is tougher above those of a your

In this country, therefore, all Terylene $20.

amount to already proved itself able to But, more rignificantly. The synthetics together market appears frmer than at only a fraction of the output stand alone; but there are some this, lime last year when the weight for weight, of cotton poperties of the natural fibre, trend of prices was generally alone"

syntheties are ii 5533 **ure newer

bly that

absorbing downy

thu almost invisible in

total humidity white repelling water, Istics, which The whent

Statistics, har- crop Just

picture.

neither terylene nor any

succeeds veeled has returned a yield of 183 however, are not the whole story, other million bushels-about 25 infition What makes the synthetics synthetic bushels more than last year,

teresting is on the one hand their reproducing. The wool-growers'

slugan,

is no substitute Practically all the additional present serviceability in jobs for wool" remains technically un- Field w!!! avallable which the natural fibres cannot

compass, and on the other the challengeable. Whether the in comparable versatility of virgin substantially higher yield significance to Britain's future wedd-a versality imperfectly

shared have also resulted from barley economie fortunes.

by the "shoddy" com- cheaper woollen and gals. Butter production in

posing-many

enough to the lobrics-malters well in advance of a year cito and shouk remain higher. A simi- lar trend is evident in the pro- duction of meat and sugar. Lead and he prices are about 50 per cent and 80 per cent lower than Iost October, but these declines

commodity Australia

are

nward.

be

for

Tersin

III

Late

ONLY A FRACTION

statistical

No

to

"There

Contract With

Red China

Duka, Misr. 10. The Konashima Chem!- rai Company cluded

con-

contract with Red China for the export of 3.000 tons of calcium oyanamide.

it will be the first timb since the war that Japan will export Fertilisers to The expori Red China,

pries is reported to be US$88.80 F.0.B. on A

of barler basla in terms Pounds Sterling.

Collateral goods to be imported by Japan in exchange for the fertill- sera will be Kailan coal. -France-Presse.

Export Of

Rubber

MESSAGERIES.

Urged To Oppose Japan's M

Pago 9

MARITIMES

M

PASSENGERS/FREIGHT SERVICE

Admission To PactOUSSEL Leaver Series

London, Mat. 10.

Homewards

"FELIX BUUSSEL”

20 Mgr. langkonz

** 22 Apr.

vlà Marseilles to all Mediterronean & via Djibouti to Madagascar.

Outwards

Mr Wentworth Schofield, Conservative mem- ber of Parliament for one of the Lancashire cotton districts, today urged the Government to oppose "MEINAM" Japan's membership of the General Agreement on Tariffs and Trade.

"PEI-HO"

Tomawards "FRY HILL"

"MEINAM"

He told the House of Commons that Japan's "COURSEULLES" admission would enable her to claim a right to "MONRAY" most favoured nation treatment which was denied her under the Japanese treaty.

Mr Peter Thorneycroft, Preal- dent of the Board of Trade, ré- plied: "It is of course true that if we assume the obligullons of GATT towards Japan we shali Assume the obligation to grant her most favoured nation treat- ment.

"But as

the Secretary for Overseas Trade indicated, on

Government March 3, the Inter-Sessional

Monopoly

Colombo, Mar. 10. The export of all Ceylon- ese rubber to Communist China will become the sole the Ceylon monopoly of

made Government, it was known today.

The Rubber Commissioner notified dealers that no permits will be issued hereofter to the private unde for the export of rubter of any description to China. Contracts aiready agreed upon will be fulfilled.

The Commissioner said the decision Wits Government's motivated by a desire to ensure that the best possible prices were obtained.

The United States and Britain recently agreed to tighten

con-

trols on the shipment of strategic materials 10 China, United

Press,

NEW APPROACH?

Washington, Mar. 10. Informed Washington sources predicted today that Britain and the United Sintes would make a new approach to Ceylon to curleil rubber shipments to Communist China.

But it was

in

the

more thah offsel by the herable laundry and valeting has less than doubled since 1933

other improvements.

:

Honkong

20-22 Apr.

FREIGHT SERVICE

Leaves Dunklek-sailed «Antwerp-5 Apr

Leaves *Krelung-10 Mer.

bun Marseilles 23 May

For

Monila

Va

Ralgun

West Africa paris.

Itangkong

For

3 Apr.

Tapan

43 May

Hongkong

Japatt

Fot

$

11-12 Mar.

· · ·Krelung— 3 Ape

H Apr ......+Kerlung-2 Apr.. 30 Apr.

May

Irr}ung...^} hay

† Sulgon, Marseilles, Algiers, Oral, Tangiers, Casablanca, Le Havre, Antwerp, Boiterdain & Dunkirk

CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong

The Rubber Queen's Building (Gr. Floor)

Markets

Singapore, Mar. 10,

Prices of rubber futures

Number 1 rubber,

per ib. Apri May

Committee has suggested in its closed today as follows:- recent report certain provisions for permitting the suspension of obligations towards any coun- try whose competition causes violent disruption of trade.

"No decisions have been made in this matter and in consider ing this suggestion we shall certainly bear in mind the point raised by Mr Schoßeld."

BEST WEAPON

Mr Schofield said the right to favoured treatment deny most

currence

throut con

June

Number 2 rubber,

April

Number 3 rubber. Number 4 rubber,

April

April

pol rubber, unbalcu

Blanket crepe...... No. 1 pale erepe

2316-741%

7457-78

25-2014

7036-4

07-0714

613%-0514

7294-73!! 65-07 #7-82.

United Press.

NEW YORK MARKET

New York, Mar. 10. Prices of No. 1 rubber futures to Japan was Britain's most powerful weapon against a re-closed 5 to 20 lower with sales of "Japanese cut-toalling 120 contracts. Liquidat- ing in July delivery met indiffer- competition."

domand. Factory Interest There would be tremendous ent misgiving in Lancashire if this continued to hold aloof on new weapon was thrown away,

purchases in spot, with some Mr Thorneycroft replied that dealers reporting a slight buying interest in the shipment market, ruised large und this question

Prices closed today as follows:-- complicated considerations

•March commercial poiley,

of

No decision had been taken yet but a report had been re- erred to the governments con- cerned.

Philip Noel-Baker, former Labour Minister, sald the Gov

Britain ernment must protect against unfair Japanese

must also re- petition, but it

it must hold out cognise that

and the hope of a prosperous democratic nation-Reuter.

com-

New York Sugar Futures

May

un-

3.45 Hominal

recognised that recent rubber for rice between agreement Lende Ceylon and China would be major obstacle to any proposals

New York, Mar. 10. for Ceylon's

co-operation with

World sugar futures closed 1 the two big powers in restrict

to B lower with sales totalling ing trade with the Soviet bloc.

At the recent Anglo-American 103 contracts.

closed Contract No. economic and political talks Nylon is, of ease, the most

the here

two governments changed to 3 higher with sales miraculous of the new libres, its public to keep it faithful through ogreed to work together to get totalling 55 contracts. lightness, strength and elasticity

vicissitudes Is another

the co-operation of other Contract No. 4 (world) provide stecking-ilament which

nations in blocking shipments Its question. silkworm can rival.

of war materials to China. capacity Lake a permanent

price must In the long run,

Although Ceylon-or any other "set"-crimp in fibre, pleat or tell. Rayon is now the world's

In fabric-disposes of in cheapest textile fibre, its price nation was not mentioned by name in the communique, there' was no doubt here that her rub- Abres has problems. (The makers, how-while that of other

Nylon is er trade was very much in the ever, deplore the popular belief con-

multiplied manyfold.

one minds of the two delegations. sistent volume of production of

that nylon shirts need no ironing cheaper than pure silk. Terylene

But while there was general the coal, iron,

at all). Its immunity to moth is, at present, about the same agreement in Congressional and #icel, with a surplus available for ex-

price as good quality virgin wool, State Department circles that port.

though dearer than the lower

something should be done there grodes; during the runaway wool

was an absence of any immediate boam

of 1950-51

it was much specifle suggestions as to how chiesper. indeed, this

boom

Ceylon might be persuaded to of the ን* hall her China trade, particularly stimulated mucli celerated flow of

research and in view of the five-year trade investment in synthetics, a

flow

ngrcoment.-Route:. unchecked by the subsequent drop in wool prices. Stability of price, such as the synthetic pro- ducers'

policy ensures, is LE powerful attraction facturers.

"The last year has seen much higher and more

D

cement, elc..

RESTRICTIONS EASED

"Favourable trade develop- ments have permitted a further £50 million easing of import restrictions as from April 1, which brings to £120 million a yeur total relaxations since the controls were imposed on March 0, 1952.

"We are not yet able to remove ull our

our import restrictions, as a return to inflation with full trading would almost certainly precipitate another crisis."

HONGKONG

SHARE MARKET

(From Our Correspondent)'

Business done on the Stock

tu

PRICE TREND

manu-

of raw-inaterlot

relax many Import_restrictions SUABES BUYERS SELLERS SALES World population and standards

raw

BANKS

HK Bank XD 1340 East Asin

145

INDONESIAN MOVE

Kobe, Mar, 10. Indonesia is withholding the sale of rubber because of per- sistent rumours about the pos sible devaluation of the rupee, according to local importera.

Rubber stocks in Indonesia are reported to have reached 180,- Despite 000 to 120,000 tons.

July

September October January Merch May Spot

Contract No. G May July September November March Spot

May

July

September

December

26.58 hid 20.25-20.00

225.65

*.30 bid

Tel. 26651 (3 lines),

MAERSK LINE

'FAST FORTNIGHTLY SERVICE TO:

NEW YORK. BOSTON, BALTIMORE & FILADELPHA via BAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

*M.S. "NICOLINE MAERSK"

M.S. "ANNA MAERSK"

M.S. "LEXA MAERSK"

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

M.S. "LEXA MAERSK" M.S. "LEISE MAERSK"

M.S. "JEPPESEN MAERSK”

Mar. 20

Apr.

12

Apr.

17

Mar. 23

Apr. 14

Apr. 21

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building.

25. 15

March

23.00 nominal

Spot

20% nominal

-United Press.

LONDON MARKET

London, Mar. 10. The

market rubber steadier. Prices closed Dows:

AS

тая [01-

27, Connaught Road, C.

Number 1 rubber. Ja pence per ib. April

May June April/June July/September October/December

-United

Peanut Oil

New York

In

New York, Mar. 10. Prices in the seeds and oilk market closed unchanged with the following exceptions:

Peanut oil, per lb. fo.b. New York 25 cents.

Cassia oll, per lb. t.o.b. New York $4,40-4.85.

Flax seed, per bushel, f.o.b. $3.81. United Minneapolis

3.37

3.37

340 nominal

3.54 nominal

3.30 bid

3.77 bld

3.30

8.83

Press.

3. bla

5.30

5.00

United Press.

Copra Quotation

NY Stock Exchange

New York, Mar. 10. Dow Jones averages end

session follows:

New York, Mar 10.- Copra was quoted today at 30 $240 per short ton, nominal c.1.1.20 the Pacific coast, Coconut oil 15 was quoted at 184 cents a 40 pound, bid.-United Press,

the continued decline in rubber PENINSULAR prices in Singapore, tubber prices in Indonesia are quoted

a

Exchange this morning smounted Fluctuating or Emooth, the The Menzies-Fadden Governfo $125,075.70, Noon quotations secular trend ment in February decided to and the morning's transactions-prices to likely to be upwards.

from April 1, 1953. The value of

the earth's surface are rising, additional goods will be about

remains the same. Science can £50 million-mostly

Improve natural yields, but its materinis and plant needed by

gains are slow and hard-won. maunfacturers.

Applied to the production synthetics, it can conjure!

millions 187

of fabrie from the negligible acreage of a single factory,

ory, For Britain in particular the synthetics offer illeline, a much-needed supplement

and alternative to row

materials

"This is in the best interests of the country, its industry and its employment potential." said the Director of the Chamber of Manufacturers of New South Wales, Mr Cecil R. Hall,

"The value of known projects already launched by private enterprise to expand major totals manufacturing capacity

£230 million," revealed Mr Manties.

He added: "It is estimated that almost another £100 million of new money is involved in the developmental plans of smaller enamfacturers.

"Most of this huge sum is reg presented by new plans and touches a level never previously reattied in Australia's industrial history."United Press.

LONDON TIN

MARKET

· London, Mar. 10. The tin

slcndy market was

this morning: Turnover was 25. tons, all for cash. Prices closed

at the end of the official.morn-

ing session as follows:-

Spot; tin, buyers

Spot tin, ellers

Estenes Bone at

4030

0591-963

Three months tin, buyers 942

Three months, un, selfers Busters dons at Bettlement

780 787 5.20

INSURANCES

Union ket Underwriters DOCKS, ETC.

K. Whart... 731 Dock Provideni

1000 1200 250

2

12.80

7.40

S'hal Dock Wheelock VU 7,35 7.40 4809 ̧«

LAND, ETC,

JK atel XD.

IK Land (0)

www

a

of

ΟΙ

which we cannot produce and which between their higher prices and our diminished wealth 2.30 we can no longer buy on the

old scale.

300 € 50

7 7.20 9211 II Land (N) S'hai Land (425 1.42!3 Really 2.20 230 2000

UTILITIES

Tram

XD

20 20.30 000 et 20.20

To

Nylon, made from cool, oxygen Star Ferry C. Light (0) 014 633 139 9.30 and hydrogen (from air and

C. Light (N) 595 Electric

XD Telephone XD INDUSTRIALI

Cement XD.. Rope

STORES, ETC,

Dairy Walon XD..

COTTONS

ZWO

penny

in than higher Singapore-France-Presse.

AQUIS

Tel. Nos. 36066-9.

Tel.*20461

Chinese Freight Booking Office

Dales and rotation subject to change wäbout hotter.

At liberty to proceed via other porte to tond/discharge cargo,

EVERETT

LINES

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

"NOREVERETT"

Arrives Sails

Mur, 21 from Manila, Mar. 22 for

Singapore, Hangton V

"BRADEVERETT"

Penang. Calcutta.

&

Yokohan.

Mar. 27 from Shugapore. Mar. 20 for Kobe

(Accepting cargo for transhipment). Kobe/Pusan 3d Kobe/Okinawa)

Arrives Sally

of the

at the slood as

industrials rails utilities bonds

285.22

109.07

52.68

07.05

-United Press.

EVERETT STAR LINE

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

"THAI”

& ORIENTAL

Arrives Spils

STEAM NAVIGATION COMPANY

Grain Prices R.M.S. "CANTON"

In New York

Spot

2.45-nominal 22874-12

2321

Chicago, Mar, 10. Prices of grain futures closed today as follows:-

Wheat price per bushel

March May July September December

Сега Spot March May

1850 0.50 water), takes no imported raw

10

22 1350 22 340 10

13.40

materials at all. The wood pulp used for rayon comes from non- dollar sources; technical adapta- tion the makers say, has insured against any return of the

the sulphur July famino

Ardil us

September December

Rys March

Oats

March May

"New "Your"

1.571

1.72 nominal

1905-12 723-77

of 1950. 18.00 19.20 500 19.10 aroundnut waste, hitherto a virtually rubbish by-product of oll-extraction.

2.50

.. 0.23

0

MISCELLANEOUS

Yanglaze

-XD

$13.00 hominu per. 200 1b. Sack.

Press

May Terylene, with really large-scale future pansion, might encounter import shortintos; but the ethylchia and other oil products which it uses aro plentiful enough to support many times the projected com- mercial output. To varying de JAPANESE BONDS

Exchange Rates rees, all the synthetics: have

this in common: Uicy économise

Buriners was dotte In the local in the acreage, and oversen which

unofficial

exchange

market

morning at the following

UB. dollar (per 1) ... Hierling note per 1) Indonvale, guliders (per 100) Bjam tical (per 100)

043

“United Press.

FIC patres ((per 100)

Blagapore (trálie)

this purchasing power in as technical skill the organising Britain is poor, and call upon the capacity, and ile basic research in which she is supremely wealthy.

3112

10.30

London, Mar. Japanese, bonda song w

"A" (45, of (800) 891⁄2 "B" (45. of 1910). 714

125 "C5 of 19007). "D", of 1924) 101 "E60, of 1030) 145 United Press.

SAILS:*

NOTICE TO PASSENGERS

BAGGAGE:

FRIDAY the 18th March at 12.00 for the UNITED KINGDOM vin Straits, Colombo, Bombay, Aden and Port Said.

ALI. passengers baggage must be Bent to the Hongkong & Kowloon Wharf Co.'s Godown at No.2 Gate, CANTON ROAD. ENTRANCE by NOON on Thursday, 12th March, 1958.

SPECIAL NOTE: With the exception of hand packages carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading. on board by ship's slings only, BAGGAGE COOLIES WILL BE REFUBED ADMITTANCE TO THE WHARF

EMBARKATION: Will take placo FRIDAY, the 13th March, 1953 between 9.30 a.m. and 11.00 a.m.

Mar. 31 from Japan. Apr, 1 (or Singapore,

tenham, Madras,

Port Swet

Colombo, Bombay, Karachi, Khor- Bastah & ramshahr,

Bahrein,

"STAR ARCTURUS"

Arrives

Sails

Apt 4 from Singapore Apr.

Kobe 5 For

& Yokohama. (Accepting cargo for translilpment) Kobe/Pusan and Kobe/Okinawa)

EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephono 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