1953-03-26 — Page 9

Coal Mining Hampered

Major Problems In Philippines

Manila, Mar. 25. Development of coal minos in the Philippines, is still hampered by soveral major problems, according to U.S. Mutual Security Agency specialists.

Dr Marvin Weller listed them as the low grade of much of the coal, geological structures that make mining difficult, and lack of transportation facilities.

Dr Woller recently returned Fre

Inspection trip

121

to

Bulalacao,, on Mindoro island, where coal deposita have been found. The Japanese operated a enine in the area during the war. The MSA expert, on loan from the University of Chicago, raid:

"Conl mining in the Philip-

requires special equip ment

since coal beds here tend to slope steeply Instead of being generally horizontal ng in

United States,

"

geological

the

In

THE CHINA MAIL, THURSDAY, MARCH 26, 1953,

Japan Going

Ahead Malaya Trade

BIGGEST PROVIDER

OF TEXTILES

Singapore, Mar. 25.

Japan, despite serious restrictions and other post-war handicaps is again forging to the fore- front of Malayan trade, most spectacularly as a supplier of textiles.

In other spheres such as food supplies, she is rapidly breaking in at the expense of traditional suppliers.

India's progress in Malaya's markets is no less noticeable.

This is evident from the 1952 | Indian textiles a stronger bid structure annual report of the Singapore for foreign markets, makes mining difficult, Mines Chamber

of Commerce, the now operating produce approximost influentin? mutely 300 tong a day,

com-hody.

Japan, Japanese

In Maluyan trade

votion The Chamber "generally spinners reported that they ex- pared to an average daily output reflects the views and reactions pected to top the list of exporters of 5,000 tons in inost American to trade trends of the British | for 1952, riving estimates of mines.

"A present Philippine coal mine operators do not have adequate transportation in areas where coal is known to exist.

"It will be possible to develop only mines that are reasonably close to the shoreline and to Barbour facilities.”

of

Dr Weller's work with MSA is as an adviser to the bureau mines. He has been on the faculty

of the University uf Chicago'z School of Geology since 1945.

He spent 20 years as a director of the Illinois geological survey. —Associated Press,

JAPANESE BONDS

London, Mar. 25.

Japanese bartis

"A" (19. of 1000) "B" 14%.

of-IDIO

of 1907) "D" (3. af 1924)

**E** (95% of 1030) Consola

811 7134 125 100%

-United. Press.

merenntlic community Malaya.

In

Adverse Trade Washington Will Carry

Balance

For Ceylon

+

Colombo, Mar. 25. Ceylon's imports from China

In January and February cost ber 30,000,- 100 cupées-almpst much as her entire importe from here in the whole of 1952.

Lates! custom figures disclosed today that Ceylon had an adverso balance of trade of 14,000,000 supore last month. This redused the favourablo trade balance of 80,000,000 rupeek in January to 32,000,000 rupees and raised the trade deficit for the first five

tho mouths of

current financial year from 45,000,- rupees to 59,000,000

GOD rupees.

The adverso-balance in February

was due to a steep drop in the value of exports and the small rise in the value of importa compared with January. ---- Neuter.

HONGKONG SHARE MARKET

Out

Contracted

Tin Purchase Plan

Assurances Given Following

Termination Of R.F.C.

Washington, Mar. 25. Assurances were given today that the United States will carry out its tin buying and smelting programmes as contracted for by the Reconstruc- tion Finance Corporation (RFC) regardless of when that agency may be terminated.

MESSAGERIES. M

MARITIMES

M

PASSENCERS/FREIGHT SERVICE

Dutwards "FELIX ROUSSEL" "LA MARSEILLAISE”

llejdawards

tongkang.

19 Apr

Leaves Marseller

salind

17 Apr. Tiongkong

10 MAY

Què Marscillen

Apr.

20 May 15218

For Manila Yokohama

Via

អង

West Africa ports.

"FELIX ROUSSEL” "LA MARSEILLAISE” 23 May

vio Marseilles to all Mediterranean & vla Djibouti to Madagascar.

Outwards

"MEINAM"

"MONKAY"

Homewards. "COURSEULLES"

"MEINAM" "PEI-10" "MONKAY"

FREIGHT SERVICE

Leaves

· Dunkirk-nailed Antwerp Apr.

Itongkung

Itonghou

3 Apr..

* May

For Jayan Japah

For

2 Apr.

«Keelung-24 Apr.

10 Apc.

„Keelung-2K* H[#3

jo

M17

June

Leaves

20 Keelung-la June

Salgon, Marseilles, Algiers, Oran, Tangiers, Casablanca,

Le Havre, Antwerp, Rotterdam & Dunkirk

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

Tel. 26651 (3 lines),

"The contracts we hold for these purchases will not be affected in any respect whether RFC | Queen's Building (Gr. Floor) continues or does not," Edward C. Welsh, special assistant to RFC Administrator Harry McDonald, told a reporter.

Mr

that Welsh emphasised should the RFC be abolished before its tin contracts are ful- led "they will be taken over Government other

as the and executed

by agency

50me

contracts may specify."

agreement

between

New Power

Plants

an

For Greece

on

remarks were in reply to

from questions arising

President and Dwight Eisenhower

Con- (From Our Correspondent)

gressional leaders, reached Monday,

to let RFC expire on

Athens, Mar. 25. Business done on the Stock

June 30, 1054,

The first of four largo electric Another Exchange this morning amount-

REC oficial. de-power-producing plants is to go ed to $203,570.70. Noon quola-

Operation this Spring tions and the morning's trans-clining to be identified by name, into

said: "The agency has three bringing electricity for the first long-term tin purdinse con-time Into tracts outstanding" He said villages which for centuries that two are with Indonesian have depended on the oil lamp producers and one with mines for light, in the Belgian Congo.

The plant is at Aliveri, on tha of Eaboca aff Greece's eun-Island

of the Chamber, with Jong assocjátjóri and ties with

actions:- the Lancashire industry, have watched with grave disappointment the dwindling share of the Malayan business, the report says,

to

SHARES BUYERS SELLERS SALES

(1911 01 BANKS

HK Bank XD 1355 INSURANCES

Canton

50 1355

775

155

1.33

Unkn

In exports for the major proxlucers Da Japan 780 million yards, USA 754 million yards, Great a "worried", tone. the Britain

704 million yards, and Chamber's report declares that India 460 million yards. Japan and India are cutting Britain out of the textile

NOT SATISFIED Members market.

The huge Agure of Japanese textiles trade did not apparently afford any great satisfaction to the actual participants, since it was reported by the Board of GOVT. LOANS Trade that " Japan the cotton This is mainly attributable textiles market, which has been the marked difference on the decline since the Spring price between United Kingdom of 1952, renched its lowest ebb textiles and those from Japan in November of the same year". and Inilla, the two Jatier

"The financial countries

condition of "competing fiercely

to "

exporters and retailers Is weak for the cheap bulk trade.

Toward the end of 1952, the as a result of a decline in raw Government of Indłu decided cotton prices and wholesalers to reduce the export duty on are unable to hold stocks for an cloth from 25 per

indefinite period in the face of nd cent valorem to 10 per cent ad a gloomy future market. At

of the 10 valorem, explaining that this the beginning of

move had been taken to give hoped that Japan would export during 1952 1,100 million square yards of cotton pleeegoods, but It Is now thought that the total for the year will only rench about 800 million square yards, 1,080 millon compared with yards in 1051,"

British Plan For Network Of

Private Air Lines

London.

Conditional approval has been given by the Minister of Transport and Civil Aviation to one of the more important proposals for scheduled air services by private companies--the operation of a network of internal and Continental services based on Newcastle-on-Tyne.

HK Fire SHIPPING

Asla Navy. DOCKS, ETC.

K. Wharf XD Dock

Provident XD 19.90 S'hal Dock .. 1.95 Wheelock

LAND, ETC.

7.10 1.50 800 @ 1.45

20013

IK Land (0)

401

HC Hotel D î

XD

Shal Land 1.4236 1,3214'

Humphreys Really UTILITIES

Tran XD .. 2014 Peak Tram

(Old).. Peak Train (New)

Star Ferry

13

450 121

1500 20.60

Greek

mountain

..

said these is source tracki

call for from 20,000 to cust coast and connected to the 25,000 tons

of tin concentrate į mainland by a bridge. It wil yearly and were inaugurated in be powered by ignite which is 1952 for three years.

He

invzilable in

quantity on

the

plants,

wero

the said

prices were island.

The olher three 213 1800 speclifted for the first two years,

| situated in Northern Greece and FROM MALAYA However, RFC officials the Feloponese, will depend on water energy declined to discuss details of newly-harnessed these prices. But they said they for their power.

All four projects were based on an understanding President Truman and British started withi · money granty Prime Minister Churchill totalling $10,000,000 from the 246 32301cached here last year that the Mutual Security Agency plus United States would buy 20,000 reparations from Greece's war- tons of Malayan tin.

ume enemy, Italy.

The RFC oficials said they were

Lhadon

electric project, in the buying in from Thailand "on ä

Peloponese, which

8.40

spot basis, but

is, but we have no long- scheduled to go into operation in 1034, has been designed by the term commitments there,' 21.70

They estimated the annual Socicta Edison, of Italy. 6100 21.70 That

200 Kalian engineers production

about Some 200 v 10.20

10,000 tons of "contained" tin, of and employees, with

1.420 was Greeks, are rushing work on the

C. Light (0) 1.10 1.45 1000 i C. Light N

Electric XD 21.60 21.80 400

The Singapore Chamber of Commerce's report goes on to

Telephone XD. 18 my this: "Looking at the Pan-

STORES, ETC. Malayan Import figures, the total

Dairy

19.10 10.30 500 Imports. or cloth in 1952 amount-

Watson XD . 20.00 324.310,264 ed to

COTTONS square yards.

Ewo cotton and rayons only, and of MISCELLANEOUS. this quantity, Japan and India YuhEr account for 253,802,420 square

yards. It is said that in Japan, associations have been pressing the Japanese Government for prices."

bath colton spinners and cotton

mensures to

prevent declining

According to the Strumpore Chamber of Commerce, Japan Is also supplying more and more food for Singapore tables at the expense of traditional suppliers. Agures:

4.00

10.20 which

Grain Prices

In Chicago

Was

in

the RFC sald which they taking about 4,000 tons annually. project which will supply electric Mr Welsh and other RFC power to the North Peloponese. executives refused speculate it will also augment the present as to what if any effect the dis-heavily-taxed electric supply of continuance of the RFC would the industrial cities of Piracus have on the world in markel. and Athens,

They pointed out that all

However,

on

controls tin prices and uses are now lifted.

OFFICIAL SURVEY

the Malaya Tin Burenu, in a monthly survey of The Un trade and industry, said that "maintenance by the RFC or is selling price of $1.21% per pound for tin metal in lots five Ious or more, Lob. New

Chicago, Mar. 25. Chicago grains and cotton led a downward move on the com-

1% to 14 lower and soybeans were 5 to 14 lower. Prices of tin in the United States

und

The services, which would be operated under a seven-year licence by Hunting Air Transport,e report gives the following modities markets. Wheat closed ok, provides the celling price include internal routes from Newcastle to London, Manchester and Glasgow, and Continental routes to Oslo and Stockholm, Hamburg and Copenhagen, Amsterdam and Dusseldorf, Luxemburg and Basle, and to Paris.

Only 300 of Greece's 10,000 organised communities have any electric power at all today. Associated Press.

Cotton Prices In America

New York, Mar. 25. Prices of cotton futures closed today as follows:-

33.00 nominai 33.19-33.21 33.39

March today a5tracts

1, 1954, when RFC's con- with Indonesia and the Belgian Congo become sub- jeet to re-rgotlation.

The Malaya Tin Bureau repre- Spot senis Malayan tin producers ay Judy with the objective of expanding October

December American un consumption.

March bureau survey BLAY

May

spot

grain Jutures closed follows:

Wheat-pries per bushel

July

Spat

September December

Corn

May July

2.34-0,337%

2.20% nominal 2.201 2.301

2.3%

1.303% 150-16

1.6212 1.011-4 1.50

1.74%-% 1.7715

75-7

A SURPRISE "Vegetabics. Japan increased her exports of potatoes and onion to Singapore by 66 per cent over 1951, largely at the expense of If these services ore in-air routes is based on the pro- European supplies, although the troduced, it will be the first time jected development of Woolsing-Middle East, Australia and South that such an extensive network lon Airport, Newcastle.

Africa are also affected, has been operated by a private Completion of present work on airline company, and

"Apple: A surprise was caused September also the the airport will still limit its use by the arrival of Japanese apples December first time that Newcastle has to aircraft no larger than the in the last three months of 1952. entered into the fixed pattern of Dakota type, Hunting will air communications.

use Dakolus

In future, Singapore will look July initially on is forward to Japan to help to all ther improvements to the airport are planned, how the gap between the seasons in for this network la can-over, which WHI enable the Australia, previously supplied ditional on the agreement of the services to be operated by faster with apples from Canada and

As with all proposed overseas services. Further Vices, the final granting of

and

nye

May

گران

The Malayan said that IFC contracts with July Indonesia producers cover the

NEW purchase of a minimum' 18,000 and a maximum of 20,000 Spot May tons yearly, including 8,000 tons July of tin-in-concentrates yearly; October basic price $1.20 a pound c... December

Merch New York Botir-per 200 h. Sack United States ports. The price May $13.20 nominal.--United Press.

for 1954-65 is subject to re- July negotiation.

ORLA May July

LONDON TIN

foreign Governments concerned, and larger Viking airli

the United States, airliners. and on the fares proposed by The Labour Party's plans for Hunting Air Transport being the aircraft Industry If and market

"Oranges: Japan entered the with 300 tona of accepted by the International Air when there is another Socialist oranges later in the year." Transport Association as well as Government were discussed by

MARKET by other Guvernments.

the T.U.C. economic committee. Meanwhile the Japanese A dilleulty has

has arisen over one Members of

the Labour Party Consul - General, Mr Ken on which the Minister committee which has been going Ninomiya, in

London, Mar. 23. service,

A newspaper specified higher 'fares, than into the matter attended the slatement, hoped that there

The tin market was quiet to- those proposed by the company, meeting.

15 tons, could be casier travel facilities day. Turnover which claims that this

would

between Malaya and Japan to

none for cash. Prices closed at better trade relations beween the end of the ofetal morning

has speel

"NATIONALISATION? weaken the economic structure The Party has four working

If

to

RUBBER

PURCHASES

Гошп

vas

session as follows:-

Spot tin, buyers

Spat tin, sellers

Business done at Three-monthe tin, buyers

Three nonthe tin. sellers

Business dome at Sattament

012

-United Press.

The Bureau saki that RFC tin operations in 1952 involved about

33.5】

33.50

33.74

21.70

-United Prest.

ORLEANS MARKET

37,64

33.19-13.20

34.37

33.45 bid

3388 bid

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO: NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA vis SAN FRANCISCO, LOS ANGELES AND PANAMA,

NEXT SAILINGS,

*m.v.

m.v. JELV.

"ANNA MAENSK"

Apr.

"LEXA MAERSK

PETER MAERSK”

Apr.

May

• Calling Vancouver.

ARRIVALS FROM U.S.A.

m.v. "LEINE MAERSK" m.v.

Apr

JETTESEN MAKRIK”

Apr.

m.v. "GRETE MAERSH"

Apr.

For Freight and Further Particulars please apply to:--

AGENTS:

JEESEN & CO.

Pedder Building.

Tel. Nos, 36066-9

Chinese Freight Booking Office 27, Connaught Road, C.

Tel. 20461

Dates and rotation subject to change without notice.

At liberty to proceed via other porta to load/discharge, carto.

EVERETT

E

LINES

EVERETT ORIENT LINË

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

"LENEVERETT“

Arrives Salle

Apr.0—from Manila. Apr. 7 for Singapore, Penang, Hangvon & Calcutta,

"REBEVERETT"

Arrives Sally..

Apr. 23 from Singapore, Apr. 24 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, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Porta,

"THAI"

33,71 bid

37.00 bld

31.42 bid

-United Prest.

Arrives Sails

Apr. 2 Apr. 3

from Japan.

60 per cent of the tonnage of the New York Sugar

metal produced in the free world

City

last year. It suld the RFC Texas

melter produced 22,541 tons, "nearly 131⁄2 per cent while of the world's output,"

RFC tin metal purchases "at- World

Futures

New York, Mar. 25.

sugar futures closed

counted for almost 48 per cent of world production, so that today 4 lower to 2 higher with altogether RFC tin buying and sales totalling 102 contracts.

Contract No. 6 closed 1 higher Involved smelling operations

to 2 lower with sales totalling about 00 per cent of the free

500 contracts. world tonnage.

Prices closed as follows:

Contract No. 4 (world)

3.19 nominal 3.21 4

NY Stock Exchange centrates in 1932, of which the

WAY

of the network by its effect in parties investigating the ad the two countries. relation to fores on some of the visability of further nationalisa Japan, he said, was prepared other services, Hunting will be tou and the T.U.C. is consuited to give technical assistance and

with the negotiating

Minister about

So far, it financial aid to Malaya to step developments.

U.S. IMPORTS for reconalderation of these appears, machine tools and up production.

The Bureau also said that the

May particular fores.

mining machinery have been

United States Imported

100,048 į July there negotiations aro considered in

In addition

to the

toma of tin metal and Con- September

October satisfactory, the company expects aircraft industry,

January open up at least some of the

Mr Ninomiya said his Beveral of the differing Labour

RFC bought about 100,900 tons March Toutes by May 1 this

It: schools year,

of

May thought urge the out-try would buy more and more

of that total. Now York, Mar, 25. rubber from "Malaya, Japanese hopes that the Newcastic-London and-out nationalisation of air-

firms

Ib Profi-taking in the last hour

American in- Spot were sailsßed with The

said eervice can be inaugurated by craft production, partly because

of dealings advanced prices con- ས་

dustrial consumption In 1953

MAY then, even if the formalities for the main air operating companies quality and prompt delivery.

15,299 tons. The

RFC July the Continental services cannot are already nat

nationalised and rubber last year, and wilt buy/market. The session was

Japan bought 40,000 tons of siderably on the stock exchange

the estimated that total United September be completed by then.

since February 25

I November partly because it is thought that more as production, of rubber most active

States annual consumption

March The London service is planned armament production should be

with volume at 2,320,000 shares.

about 45,000 tons yearly,

Spot goods in Japan increases. to provide two Dights a day in in the hands of the Stalo.

Of 1.214 issues traded. 193

Referring to the present RFC each direction. Normal fares There is, however, an alterna- other Molnyan products like iran 320 were unchanged. Ratls met

They would also buy more of closed lower, 352 advanced and tin policies, the Malayan Burenu would be £3 10s single and £7 tive proposal that Government

said "American industry will return.

could get a measure of controlore and bauxite to wipe out her most proni-taking in the Inst have to obtain, nearly one-half by buying majority holdings and balance with Malaya. Last year zoins were out. Aircrafts con-

trade hour, and almost all the early of its requirements (for 1953) AIRPORT DEVELOPMENT

appointing In addition, tourist type Boards of the big concerns. Malaya had a $100,000,000 de-nued to enove. downward, services have been proposed, State investment as an alterna dicit in her trade with Japan. United Press. subject to Government approval, tive to nationalisation is much Japan could step up her export to introduce special concessional favoured at the moment. The of tinned foodstuffs and building tores such as cheap-day returns, degree to which the idea has materials. week-end tickets, reductions for caught the Labour movement's Last year, Japan ~ imported party bookings, family rebates fancy is remarkable.

600,000 tons of iron ore from and discount for season ticket After the Parly representatives Malbyn. This year, it hoped to holders.

had been with the economie com- | Import 1,000,000

tons. They The link which the proposed mittee for some time they left I could enfre the quantity services would form between to continue its meeting alone. A to 3,000,000 tons if the quality North-East England and the report will be made for the and pries were satisfactory. world network of international 'T. U. C, General Council meeting. [Frai

the

favourable current

Exchange Rates-

35,000 tons of 76,080-from RFC #$1.21 a pound."

"The situation indicates the narrow margin between the

ceiling and floor prices of tin.

2.33 nomina! 3.41 nominal 3.JI

3.30 bid 2.17

Contract No, 4

5.88 bid

.

-United Press.

Rubber Futures

In S'pore

Singapore, Mar, 25. Prices of rubber. futures

In in the United States during closed today as follows:

coming-12 months," the Bureau, concluded,

the

Number 1 rubber, per tb.

April .May.. The present world supply

64 | Number - 1 rubber,(April and demand outlook indicates Number rubber., Aurii 2,00

1875) al continuance of a stablo, fair | Number 94. rubber, 20.20

and reasonable price for (in 2001 rubber, undejer

Blanket crepe" siek this year the Bureau sald No. 1 pale crepe 1200 Associated Press.

Dualnom was done in the local unomictal exchange market this morning, st the following rates:

18. dolar (per #1)_ sterling nato per 1) Indonesian guilders. (per Blam teals per 1001 Singapore (Siralle) FIC plastres · (per~100)

18.00

(or Singapore, Port Swet- tenham, Madras, Colombo, Khor- Bombay, Karachi, ramshahr,

& Bahrein,

"STAR ‘ARCTURUS"

Arrives Apr. 4 from Singapore Boils

Basroh

Apr. 5 for Kobe δε Yokohama.

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

EVERETT STEAMship corporation s/a Queen's Building, Telephono 31206, Chinose. Department: Telephono 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