1953-03-12 — Page 9

Page

Industry's Record Expansion

Most Intensive Ever

In Australia

Sydney, Mar. 11. Construction work on in- dustrial expansion projects and the introduction of new plant this year will be the most intensive and far- reaching ever achieved In Australia.

The Federal National Develop- ment Minister, Mr William İl. Spooner, in a special article in the nationally distributed weekly newspaper "Farmer and Settier," said that there are two main doctory which will bring this about. They are:

"1-AL D other perlu in Australia's history has halustry

committed itself forward to NO much investment

fin so many

developmental projects. Neither has the industrial, development prograinine ever included so many

extremely large projects as present.

"2-inplementallon this year

this record programme, much of which will take years to com- plete, can now preeved at a new high level because the shortage

basic Inaterial has eliminated

is and there shortage of labour."

انه

been,

Mr Spooner

continued: "The value of know projects now by private being implemented enterprise to expand manufactur- ing capacity totals £220,000,000. This is for major projects in the basic industry only.

FASTEST SINCE WAR *Probably close to another £100,000,000 is involved in the developmental plans al «*» tensions of small and medium- for which sized manufacturers accurate detuils have not been collated.

"Because of the greatly in- creased amuunt

basic rate materials, the velun!

at

گان

which factory expansion 45;1 ዩ take place is faster than in any year sine pre-war.

"Cont

Cunt production is ruming ot an annual rate of nearly 1,000,- 000 tons greater for 25 per cent 18 months ago. higher) than Steel production is 25 per

rent been higher; there have substantial increases in the pro- duction of coke, bricks, cement, and many metai timber

tiles.

never befure anything like the experienced current level of overseas invest- ment in the expansion ut the

Frum manufacturing industry.

1945 to 1951 Arms with sub- stantial overseas links invested about £100,000,000 irt this country. In the last 18 months, at least another £130,000,000 the value of has been added to

with expansion programines which overseas manufacturers are closely concerned.

Indian Imports

THE CHINA MAIL, THURSDAY, MARCH 12, 1953.

Indian Imports Ship Services From

Of Grains

New Delhi. Mat, 11,

India Importe: 2,540,000 ions of food grains during ilto 10 monib ending 1953, January,

Was officially announced.

Speaking in Farilament, Food Minister Kafi Ahmed Kidwai kall nearly half of this amount came from the United States,

Here is the break-down by

The United Countries Stairs. 1,268,300 torin; Australia, 178,000

tonЯ; Canada: 458,000 tons; Red China, 187,300 tons; Barma, 288.300 1008; Pakistan, 19.700 tėtis and Thailand, 102,300 tons, --- Associated Press.

Shipyards'

Business

Booming

Japan: Problems Of Post-War Operations

London, Mar. 11.

Campaign to carry a larger proportion of Japan's foreign trade in Japanese ships is reported from Tokyo, where it is stated shipowners are endeavouring to increase the proportion to 50 per cent instead of the present 30 per cent.

HONGKONG SHARE MARKET

According to the reports, the Japanese mer- chant fleet now totals 259 vessels aggregating 1,870,000 tons.

Of this total 1,500,000 tons are in overseas trade, operating on pre-war routes, except those to China and Russia.

There are 94 liriers, totalling | route, where Japanese ships are 644,000 tons, on regular berth allowed to carry only 20 per cent services on various routes, and of Japan's purchases of row wool.

(From Our Correspondent)

Business done on the Stock Exchange Bis morning amount-kinds make up the balance and to enter it, and Japan is now

another 92 shius, totaling $50,000

are on irregular services. In spite of the small profits on!

route, inore Japanese Tankers and traps of various this

shipping companies are planning This expansion of ships

has

preparing to take up, through trans- services

not proved unmixed, blessing

diplomatic channels, the question Japanese shipowners, who are of being allowed to carry are empinining that there are too than 20 per cent of her wool few cargoes to be divided among purchases in Australia.. 1340 10 1340 too many ships, with the result

that they cannot make enoug

London, Mar. 11. World shipyards are doing aed to $297,202. Noon quotations

the morning's looming business today in oil and tanker construction and a record actions: number of launchings are due this year.

The Petroleum Press Service reportert that 241 tankers, og- gregating nearls 4,840,000 dead- he delivered wedighe town, wi

This will be a during 1953. increase of 75 per cent over fast year's deliveries.

now have The shipbuilders neders for a total of 714 new keep their tankers which will yaris humilag through to -1958. Leading builders in Britain, Sweden, Norway and the Nether- lands

are s jammed up with tanker construetion. the Press Service said, that is regarded

as via 191947-58.

delivery before

to

to be the

The situation is same in West Germun yards, with a few exceptions.

France, earlier In Italy as delivery dates are obtainable but

prices above the i

心

generally high levels prevailing

eyes, where. The governments of these countries are subsidising their yards to bring prices int

and the result is that Preneli' tanker construction facilities are buked through to 1956.

The Press Service said that Japanese shipbuilders are prob- the earliest ably able to offer deliveries, but at present only at in dollars. very high prices Prohibitive dollar

unsts have also restricted orders for U. S. yards und eurrent construction there is due for delivery by 1955 at the latest.--Assuciated Press.

Copra Quotation

SHARES BUYERS SELLRES SALES

BANKS

BK Bank XD Fast Asla

INSURANCES

JAS

Union

770

23 A

700

DOCKS, ETC.

N. Pt. Whart

2012

400+ 70

0.35

Provideat

#New)

11.30

2

K. What

Shiny Dick. Wheelock 7.30 7.45

LAND, FIC,

HK Hotel UK Land (0)

Shal Laid..

UTILITIES

Tran XD

Star Ferry

C. Light (0)

inoney.

10 severa

The regular service to New York.

for Instance, was obec limited to two sailings a month, shared by two companies. Four maire companies entered this service, and there are now 12 sailings a month on this route.

have aince

South Africa has been so small Trade with South America und

in recent years that the two routes have keen combined. There are hopes of Japanese trade agreements with South American countries, which would increase exports of steel to these

Biggest Single Exporter

U.S. Shipments Of Cotton Cloth

MESSAGERIES.

M

Outwardy

MARITIMES

M

PASSENGERS/FREIGHT SERVICE

"FELIX ROUSSEL"

itomewards

"FELIX ROUSSEL"

Leaves Mazzelites Hongkong

20 Mar.

tongkong

22 Apt.

20-22 Apr.

Fur Manila

Via Dive Barssilla &

13 May

Вайдел

via Murseilles to all Mediterranean & West Africa porta, via Djibouti to Madagascar.

Outwarda

Manchester, Mar. 11. For the second time ever, the United States last year | "MEINAM” became the world's biggest | “PEI-HO"

colton

itomewards both || "FRY HILL" .....

"COURSEULLES" "MEINAM"

single exporter of clati,

overinking Japan and Britain.

A British Cofton Board official | "MONKAY" here at provisional figures showed the United States led the race for world markets with: 701,000,000 square yards of cut- ton cloth sent abroad in 1952.

Japan dropped into recond place, but was only sightly be- hind with 753,000,000 square! yards shipped overseas.

Britain fell to third place with 711,000,000 square yards ported, and India remained fourth with $17,000.000,

the

It was in 1948, when Britain's colton textile mills were suffer- ing from labour shortage, and from Japan's were recovering the war, that the United States first became the world's largest exporter of cotton cloth, in 1949 she was just beaten by Britain. Before the war she had not been a big exparter.

The 1962 provisional figures

than for are

all lower

of 1951, when the record year

nut had

yel textile slump seriously fill work markets.

1051; In top Japan The Osaka Shosen Kalsha Line,exporting 1,082,000,000 square Britain followed with But there has not been a cor- which operates on this route, yards, responding increase

cargoes 8c5,000.000, the United States the complainis that inward 20.10 amount of cargo offered. As a from South Amerlea and Sauth with 800,000,000 and India with

result, there is only about 3,500 Africa, mainly

of cotton and 770,000,000. 9.30 tons of cargo for each voyage wool, have amounted to only 80 21 6 made by a 10,000-ton vessel on per cent of enrrying capacity.

As 100 g 10.20 | this roule.

a result, the company's GUO 10.10

plans for a round-the-world service taking in this trade, have had to be shelved.

2007

54

20

2500

107 X

HDS 8306 22 2500

C. Light IN 193 21.00

1t

Electric XDU

Tel. XD......

INDUSTRIALS

Cement XD. Hope

15.40 17

STORES, ETC. in 19.10 1000 19

Dalry

Watson ...**

Kwona San

Hong MISCELLANEOUS

Tangleze... 6.00

01.

142

D

Exchange Rates

in

A similar situation is said to have arisen on the Australian

The Rubber

Markets

arcag.

ROUND-WORLD SERVICE

big company,

Another

the

Mitsui Line is planning to open

a round-the-world service, the

was

At the International Cotton Textile Conference in Buxton, Derbyshire, last September, the four leading exporters produced these "targets" for a shrinking world, market in 1953: Britain yards, 1,350,000,000

square Japan 1.100.000.000, India 1,000,- 000,000 and the United States 725,000,000.

Judging from today's 1952 figures, the only country which

nest by a Japanese company since looks like reaching Íts 1953 the war, with ships sailing to "target" is the United States.— New York and Europe and then | Reuter.

returning to Japan via the Singapore, Mar. 11..

Prices Bussines was done in the local unoficial exchange morning at the following rates

0.008 US. dollar (par $1)

15.97 Sterling Bate (per £1) Indonesia Rude (per 100) 21.53 35.50 Siam icals (per 100) Singapore (Strails) FIC pinstres (per 100)

market

this

of rubber futures closed today as follows:- Number 1 rubber, per 1

April

May

June

73-744% 745-4 7515-14

April 70-

April 7 April

64-6 7313-12

JAPANESE BONDS

18.30 Number 2 rubber, 12.5% Number 3 rubber. Number 4 rubber, Spot ribber, unbated Blanket crepe No. 1 pale crepe AREA

United Press, NEW YORK MARKET

New York, Mar, 13. Prices of No. 1 rubber futures unchanged to 20 closed today lower with sales totalling four contracts. Dealers selling orders dominate futures trading. Prices closed as follows:.....

London, Mar. 1.

1800) 8314 of 1910) 702 of 1007) 324 of 1024) 101

Japanese

bonds "A" (45. "B" (4s. +44 (5s.

New York, Mar. 11. Copra was quoted today at $240 per short ton nominal, elf. the Pecite Coust, Coccanut oil was reported to have sold at 18 ceats a pound.--United Consols

The most spectacular expan sion at present is in petroleum Press. refining. These projects involve

an

of investment

£83,000,000

and will lift Australia's copacity sevenfold ini the next few

yours.

TANGIBLE PROOF "Other main expansion pro- chemical, Brommes are in the

engineering, metal, food, textiles and paper industries."

Mr Spooner said: "In the en-

gineering

and metal

plans to

trades.

cust

no are under way, in-

cary,

volving such products as trucks, tractors, earth-moving wire, equipment drums, stationary engines and automo- live spare parts.

"In Australian Industry there has been undeniable evidence of much

improved output per man hour and a better attitude

between Fenurally and employers,

4

"D" (55. "E" (5a. of 1930) 144

May

59-13/18 United Press.

May

Discrimination In

Shipping Again Made An

An Issue

Liverpool. Flag discrimination, as Fl topic of conversation or for discussion among shipping people, appears to be related

the

national [ safeguarding

cronomy, has long been apparent. At the recent annual meeting in Bombay of the Scindia Steam Navigation Company, Mr D. M. Khatau, defended discrimination

July September December... March

23,60

Mediterranean and the Suez Consl.

The European route, however,

10

la considered the least profitable

all

available of

routes Japanese ships. Currency restric- tions have ruined trade and rate cuts have been necessary.

A rate war is also developing between Japanese shipping com panies serving Indla and Pakistan and a dispute among conterence is complicating this members situation.

The Mitsui Company wants to make 12 sailings a month on this route and the N.Y.K. Line de- that the Mitsui Line 26.30-20.25 manda

should make only eight. The 25.25 bild..Yamashita Company would Like..

to operate eight sailings a munth 24.00 24.30

which O.SK. is trying to limit to four, -United Press. LONDON MARKET

London, Mar, 11, Prices of rubber futures closed loday as follows:---

3pat

Number 1 rubber, in penca

per lb.

Miry

June

April/June

July/September

October/December United Press.

LONDON TIN MARKET

London, Mar. 11. The in market was inactive to berthing today. Turnover was Ave tons,

Two non-conference lines have announced that they will make as many sailings as they can on this route and have appealed to the Japanese Fair Trade Com- mission against what they con- alder discrimination by the con- ference lines.

Cotton Prices

In New York

New York, Mar. 11. Colton futures were higher today on trade and commission house buying. The market was very active during the morning session, with gains extending to almost $1 a bale before prices cased partially on profit taking and

hedging by persistent leading spot firms,

-Much... of-the-demand was nitributed to short covering and commission some replacement house buying, influenced by the showed by nearby steadiness Murch futures. There were 50 March transferable notices issued and

the bulk of them quickly. were stopped very Futures closed 20 to 80 cents a bale higher than the previous close,

March

ay

The conference meanwhile conclude an agreement to hope" with Indian and Pakistani July merchants under which only conference lines would be allowed to carry cargo on this route, thus eliminating all non- conference competition,

in some peculiar way to the of this nature whilst condemning

that which related employers level of freight rates ob and

and other port facilities, port all for cash.. Prices closed at taining on the open markel, dues, light dues, consular fees on the end of the official morning PENINSULAR

session as follows: says the Journal of Com-commercial documents, &c.

out that India's Spot tin. He pointed

Spot in, kelle than Business done at shipping represents less

of When trade

and one-half per cent is brisk

world Three-months tin, buyers her overseas Three-months tin, sellers employment for ships of all tonnage although

about 23

four per cent of Business done at

Settlement classes is readily available, little trade

"All these factors are com- bining to make the industrial picture in Australis one of pro- gressive and soundly-based ex- pansion,

"This Is tangible and positive proof that the economic policles Government introduced by the

production are now starting to pay off handsomely.

"All the signs and

portents

merce.

discriminate

057!

1,3

048

-United Prest

own shipping New York Sugar

Futures

or nothing is heard of it. But the total world trade, and pre- when there are more ships than sumably holds the opinion Lan to deal with the twin problems

there are cargoes, or when such India is entitled to under- and inflation of

nailuation threatens to develop, in favour of her

Ta Tunti

the two such time Bag discrimination comes into own again, as it were,

brought more and a percentages are great deal is sald on the subject,into line, apart altogether from It is a difficult one to deal with factors concerning the nation's and it has a variety of aspects. defence and balance of payments What can be said, however, is position. that as practice it difficult efter to justify

indicato bat prosperous year

is ahead."--UnRed Press.

Grain Prices

In Chicago

Wheat

Chicago, Mar. 11. closed today 2% to 2% higher and soybeans were to 3% higher. Prices closed as follows:- -

Wheat price per bushel

2.77 nominal

Spai

March

May

2.2954-36

July.

September

December

Corn

Spot

March

1.50

Mar

July

ZZ!! 2.343 2.30%

2.2016. 1.603-1 1.03%

September Décimber

139

Hyo

Marchs

2.74%

Baminal

Mity

12012-1

Qxis March Dray New York Nour-per 200 lb. sack,

19.14 nominal-United, Press.

7436-12

735-14

1,623

not or or

GROWING TENDENCY

to

New York, Mar. 11.

October December March May July

Middling spot

33.79

33.04.113

33.96-07 3.07 34.04

34,07

34.65 nominal 13,72 bid

H0 nominal -Associated Press.

FREIGHT SERVICE

Leaves

tiongkong Dunkirk #ailed

3 Apr. Antwerp- Apt. 23 May

Hongkong

For

Japan Japan

For

Leaves

1 Mar, Keelung-19 Mar.

Apr. # Apt. Keelung-28 Apr. 30 Apr.

Keelong~21 May 28 May

+ Saigon, Marsellids, Algiert, Oran, Tanglers, Casablanca, Le Havre, Antwerp, Rotterdam & Dunkirk CIE DES MESSAGERIES MARITIMES P.O. Box 63, Hongkong

Tel. 26651 (8 lines). Queen's Building (Gr. Floor)

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

*M.S. "NICOLINE MAERSK”

M.S. "ANNA MAERSK”

Mar. 20 Apr.

2

M.S. "LEXA MAERSK"

Apr. 17

Calling Vancouver.

ARRIVALS FROM U.S.A.

M.S.

"LEXA MAERSK”

Mar. 23

M.S. "LEISE MAERSK"

Apr. 14

ALS.

"JEPPESEN MAERSK"

Apr. 21

For Freight and Further Particulars please apply to:--

AGENTS:

JEBSEN & CO.

Pedder Building.

Tel. Nos. 36066-9.

Chinese Freight Booking Office

27, Connaught Road, C.

Tel. 20461

Dates and ratation subject to change without notice.

At iberty to proceed via other parts to toad/discharge cargo,

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 Sails

Mar. 21 from Manila. Mar. 22 for Singapore,

& Rangoon

"BRADEVERETT"

Arrives Saila

Penang,

Calcutta,

Yokohama,

Mar. 27 from Singapore. Mar. 28 for

& Kobe (Accepting cargo for transhipment) Kobe/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"

& ORIENTAL

Arrives Sails

QUIS NOS SEPARABIT STEAM NAVIGATION COMPANY

R.M.S. "CANTON"

NOTICE TO PASSENGERS

BAGGAGE:

3.32 hominal

nomics)

41

H

World sugar futures closed SAILS: today unchanged to 8 lower with sales totalling 63 contracts, condemn; it depends upon the He spoke of "the growing

Contract No. 8 closed un- viewpoint of those discussing it. tendency on the part of certain, changed to 3 lower with sales

nation operating merchant ships discriminates in favour of powerfully-entrenched shipping totalling 808 contracts.

interests to raise a cry of flag dis- Prices closed as follow!~! Its un tonnage, and therefore crimination at the slightest sign Contract No. 4 (world) ngalust the ships of other nations of any attempt by the govern-May R enn invariably produce of execlient reasons

ment of a country whose chip- July

September why: on the ping is ill-developed

assist

October other hand, the governments

and encourage national shipping Janu nations whose

nra ships adversely affected, or the owners by appropriate regulatory steps." There will be no doubt in the of those who read Mr minda Khotnu's remarks to whom he May *** | July was referring, although it is a september pity that he did not say

80 November openly, and thereby give those pot

March That some shipowners he accused an opportunity of re-

wished so to do. they consider flag discrimination justl- plying

However, as far as we can see,

the

of the ships, can give equally sound reasons why there should be no discrimination.

LONG AFTARENT

fled when it is for the encourage concludes the Journal, there is ment and development of, or assistance to. national shipping nothing much that can be done discrimination nt the and moment, but the subject

are

sure

In countries whose merchant about

backward Beola

to the to be thoroughly ventilated In undeveloped in relation

at the next congress in volume of their coastal or foreign May-

of the International trade, or what is neccosary for Vienna

or for Chamber of Commerce. purposes of defence,

March May Spot

Contact No.

6.93

302 bid

9.00 bid

8.63 asked Unlled Press.

Seeds. And... Õils

New York, Mar, 11. -Prices in the seeds and olla market, closed unchanged, with the following exception

Flax Seed, por. bushel, fo.b. Minneapolis $3.90% - United Press.

FRIDAY the 13th March at 12.00 for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said.

ALL passengers baggage must be sent to the Hongkong & Kowloon "Wharf Co.'s Godown at No.2 Gate, CANTON ROAD ENTRANCE by NOON on Thursday, 12th March, 1963.

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 REFUSED ADMITTANCE TO THE WHARF.

EMBARKATION:

Will take place FRIDAY, the 18th March, 1953 between 9.30, a.m, and 11.00 mm

Mar, 30 from Japan.

Mar. 31 for Singaport, Port Swet- Colombo, tentiam, Madras,

Karachi, Khor- ramshahr, Bazrah Bahrein.

Bombay,

"STAR ARCTURUŠ”

Arrives

Sails

&

Apr. 4 from Singapore

3 for Kobe Apr.

& Yokohama, (Accepting cargo for transhipment)

and Kobo/Pusan

Kobe/OkinawB)

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

BUSINESS REGULATION

1952

ORDINANCE

► Coples of the prescribed Forms 1 (a) 1 (b) and 1 (c);

Now On Sale at S. C. M. Post, Ltd. HONGKONG AND KOWLGÖN TEN CENTS EACH