1953-06-29 — Page 9

4

THE CHINA MAIL, MONDAY, JUNE 29, 1953.

ORIGIN OF HONGKONG

Allegations Made By Birmingham

HONGKONG

GOODS

Chamber Of Commerce

World

Gold Output

Grave View Taken Of Charge Trade Mission Bank's Comment On

SHARE By Colony Representative

MARKET

(From Our Correspondent)

Business

one m the Stock

Exchange the morning, anunt- and thing's transaction

ed to $102,045. Noon quotations

SILARUS BUYERS SELLERS SÅLES

Iན་སྐ╗

1607

bust Ala

19

... 150

CHOLARCESI

L'at-201

Bilte

140

DACES ETC

K. Whort 15.

TEP What

3.70

Duck

20 200 000

20.20 20,10

- Tek Wheelock

7.80 7 43

7.87

1,80 7.00

1

La ll

Provident.. 11.5811,20 1176

ร.ศ)

LAND, TJU.

Blk Pinter RK Jan

Shar Peikk

Humphreys ittany

UTILITIES

Tran

.. £22

2400) 62

+

16 560 9 13.70

3M **

c. 1902) 196 1970 1000 « 11.GO

(FROM OUR OWN CORRESPONDENT)

London, June 28.

"Exploratory"

Many allegations have been made in the past about the origin of Hongkong goods but never until now have they had the backing of such an important body as the Birmingham Chamber of Commerce.

For this reason, if for no other, the Hongkong Government office in London is taking a most serious view of a statement made in the report by a committee of the Chamber that goods marked "Empire made" are being imported into Britain from Hongkong when, in fact, they are manu-Roid. factured in China,

Rangoon, June 20.

noi.. nogo.

with

A government spokesman to day declared that the Burmese Trade Minsion due to leave for India on June 27 is of a purely exploratory character.

Contrary to what had been mated, the spokesman indicated. the mission Would ilate a barter agreement India. "The purpose of the the possibility of purchasing at Burmese mission is to explore stable prices certain essential commodities for Burma," he Should Indio be desirous of This allegation is made towards the end of a long and otherwise unobjee-buying rice from Burma at re- tionable report by the Chamber's Patents, Trade Marks and Designs Committee the Burmese Government would duced price, it was unlikely that urging that all goods imported into Britain should be marked with the actual country agree to such request, --

of origin.

The Committee's report wils, when similar

:

statements have coming in via Hongkong marked

to the President of the

oľ Trade it

France-Pressť.

"

CHROMIUM FOR THE U.S.

the subject of a front-page story been made ton those occasions Empire-made,' the goods were in the Birmingham Gazette last by irresponsible observers) noin fact found to be of Hongkong | wreck .under the heading evidence does in fact exist,

manufacture." Empire Goods Are often Mode

The amount of chromium ex- When the Birmingham Chain-ported from Turkey in China." Tils alleged that "a The fact that the reference to ber of Commerce submits its re- United States has increased.

to the | wide variety of articles with Hongkong goods occupies two port

Preparations have been made Empire stamped on them are and a half lines in a document Board

will to serid 1,200 tons of chromicina coming into this country-yet running to two and 11 half undoubtedly receive + similar to the U.S. fpm the xrt of Star P 23.40 23.20 50 ans ; they're made in China,

Japan foolscap pages cannot be re- reply - unleas C course, it Izmir; 2,500 and in some cases, even Russia." garded" as

tons from Izmit, A Imitation of its decides in view of the storm it 2,000 tons from Fethiye and seriousness; wars have been These goods, the Gazette said, declared in fewer words durinn has caused to delete all reference 2,000 tons from Dandima har- "get their Empire passport the longer speeches.

to the Colony.

bour.--United Press. 1915 easy way by being shipped to

Britain via Hongkong, a Crown! Colony, where wholesalers give Commerce enjoys rightly a sound' them the mark 'legally."

reputation in this country and its views are undoubtedly listened It is all the to with respect, more serious, therefore, that such of a statement should be allowed to

120.00 251, 300 80 25.50

JAFLA

Dur

1000 or 8.60

Tyfa place 10.4810

INDUSTRIALS

Gerent .... 10.00 17.10

.... 14.

A le

STONES, ETC.

LJUBIN

S

1. Crawford

TOLIONS

The Gazelle's story appeared 201, 2679 Tư © 2000 to be based on an interview with

4

Nile Corp 5.29 330 MISOLLLANZOUS

Jacentage

ןןן יינן+

Yansteze

200 v4 2012 | Mr F. R. B. Whitehouse. a

of the Chamber member

..... 17,50 250 0.20 1000

Japanese Industrial Activity

#11

the Survey

"The Birmingham Chamber of

Commerce Committee which enter an important report,”

goes He

DELETION HOPED FOR

Mr Grimwood's letter to the Chamber ends with the hope that the reference to the Colony will be deleted on reconsideration

of the facts.

drew up the report.

But Mr Whitehouse 17.76 further than -the report.

633 claims Chinese goods can be

stamped with the "Empire" mark without breaking any law.

"The point is." he is reported to have said, "that under the Merchandise Marks Act of 1928 goods need not be

Empire or foreign' before they reach these shares, only before newspaper's report pointed out they are actually sold.

and

The issue has also been taken marked up with the Birmingham Gazette. Mr Grimwood's reply to the

that it was not only Illegal but

"So the Customs authorities impossible for Hengkona are absolutely powerless,"

"ACHILLES HEEL"

merchants or manufacturers to ship goods to Britain marked

Another Quiet Week On

London Exchange

(From Our Own Correspondent)

London, June 28.

Hoarding

MESSAGERIES

P.O. Box 63. Queen's Bldg.

Outwards

M

MARITIMES

Tel: 20081

M

PASSENGER/FREIGHT SERVICE

*FELIX ROUSSEL”

Lanves Marsellies Balled

"LA "MAKERILLAPSE" 7' foly “VIETNAME THERA Homewards

Leaves Hongkong *FELIX ROUSSEL” ..Z July "LA MARSEILLAISE” August *VIETNAM". V............. August

Hongkong

10-11 July 2-4 Aug

9-19 Aug.

For Tokohama salgon Yokobaca

Duo Afaceriler Via

23 Aug.

MIRDÚA

17 ADI.

BALKON

14 Kopt.

Bagon

via Marseilles to all Mediterranean & West Africa porta. vip Djibouti to Madagascar.

Gutwards

Noting that after having suffered a slight setback in 1951, world gold production increased by 2% per cent in 1952 to reach its highest level since 1943, the annual report of the Bank for "ORION" International" Settlements } "MONKAY" says this of gold markets "SILVERSANDAL"

"MEKONG" and hoarding:

When, in September 1951, the International Monetary Fund decided to allow each member country to determine for itself the rules which should govern the sales v newly-mined gold, there were

mmy who enred that the new freedom would lead to an even greater diversion of

into private hoards than gold had previously been the case. For various

reasons, however, the contrary came to pass, the hoarding of gold falling off in 1052 to such an

extent that,

even though it had become easier to obtain purposes,

STO

gold for

the

amount

thal

private which

WIL year smaller than the

"

corresponding amount in 1851. As a result, the increase in the umcial reserves (outside the U.S.S.R.) was more than double #pure, previous yrar'a

the

amounting to $310 million in 1052 compared with only $130 million in 1951, Of the $550 million

of gold

that "disap- 'peared in 1952, it is probable that about $230 million WES employed for industrial purposes and that $320 million went Info hoards,

The following are the main reasons for the slackening in the demand for gold for hoarding purposes 1952:

(1) First in importance was the increased confidence In the national currency in a number of countries. By no means the leost remarkable sign of this was the appreclable increase in in Austria, savings activity

It has been another very quiet week on the Germany and the countries. London Stock Exchange.

Japanese bonds were very strong. Tokyo Electrics gained £4 for the non-assented and £3 for the assented; the 1930's came next with rises of £211⁄2 and £2 while others rose

THE FAR EAST

(ii) In-the" countries of the

as far as the demand for gold Is concerned the foll primary-commodity prices, and thus in incomes, not only limited the resources on the basis of which the demant for gold had been built up but even led to some "distress selling."

more Meanwhile investors can and by amounts varying from 107-1 should be noted that the

severe monetary policies adopted In 1950-51 had the twofold elect

to helping

strengthen monetary confidence in the in- dustrial countries-of-the-West and making for a decline in the prices of raw materials after the excessive increases witnessed during the Korea boom.

There connection is thus an intimate between the factory mentioned under (1) and (li).

the time at Wimbledon FX

The uncertainty of the international situation "Empire-made” or "Made is still the predominant influence in the markets Near and Far East-which have Washington, June 28, Brilish Importers who buy Hongkong" unless they were The U.S. Commerce Depart-goods from Hongkong are fully made in the Colony,

but there are other reasons for the restricted scale | been said to be a "bottomless pit" ment reports that Japanese in-entitled to stamp them with thel thstrial activity rose 13.4 per Empire" mark, Mr Whitehouse attempted importation would be

It was illegal because any such, of business. cent in March, establishing sak, according to the Gazette. regarded by Her Majesty's Pending steel donationalisation new post-war high.

often the goods have been Buxt Industrial activity includes sold in Hongkong by the Chinese Customs as evasion of the regula- issues have put the brake on new

Alons, as would be the addition Investment and will probably nemufacturin

mizing

who are the producers. public utilities. The report was

of "Empire" labels by United continue to do so until a de- The newspaper went on to

Kingdom wholesalers after in- finite announcement is made. Department's weekly

print

an alleged Interview with

"even

assuming for of economic conditions at Mr E. Holden, secretary of the portation, lume and abroad known as Birmingham and Midland branch Empire goods could arrive from many pleasant ways of passing to 30 bonds rose £1. Ger- one wild moment that non- "Forslin Commerce Weekly." of the National Union of Manu-

Greck Hongkong." "The direct causes of the high facturers, in which he is reported

And It was impossible, Mr Lord's, for example.

Potash soven level of economic activity were to have said "Hongkong is the Grimwood explained, because Practically the only ripple of Chinese were caster in places.

Al-time-record-in-genera-Achilles heel of pur Emple goods shipped from Hongkong interest last week was caused by

rose £1 and 0 per cents £2. tion of electric power as melting trade notwork.

the

Preference the failure of the Capetown and order. Labour shortages were

Gold shares showed rome dis- Bows in

the mountains pro authorities over there put their under the Imperial Valed an abundant waterllow foot down there is nothing much panied by fully detailed factory

regulations have to be aceom- Durban cash-conversion offers.

factor and the seeming pre- zund the exceptionally large we can do about it.

A five per cent return was ap-occupation of Parls with higher costingy volume of special procurement

prepared by approved parently not sufficien! "Quite a few Russian goods are

Induce-things accountants and

another. WCTC

The contracts awarded by the U.S. being shipped through China into certificate of origin issued by

earrying ម ment to invest in the Union in divifond-paying gold shares Armed Forces," the report said. Hongkong and eventually to this the Hongkong Government.

view of the controversial political compared with their peak last The total, of these contracts

situation there.

year have fallen 16 per cent but 7,000 country...probably a number of dollar fuads ($80,"

other countries' are getting there

CHANGE MADE

the highly speculative "develop- and Yen funks (36,200,0001 was the same way."

ing" gold mines similarly com- 11 cent more than the pre- According to the Gazette, Mr Concerning the allegation. vious peak 13 July

pared with last year's high show

from

according to the report.

Vatil

NO DEFINITE TREND

Underwriters had to take up 1952. Holden

also complained that attributed by the newspaper to 36 per cent of the £1,568,151 needles almost identical with the Mr Holden, that Japanese needles Capetown stock, and 57 per cent Japan's merchandise export product of a British Arm and were being exported to Britain of the £1 million Durban stock.

March were $20,000,000 higher thin February, due to theirs were being sold here pointed out that the Hongkong Capetown opened at 3/4 discount bearing a packet design similar as Empire goods, Mr Grimwood

When dealings started chielly 10 the completion of under the "Empire" mark Inclory responsible

In- ships during the month, Exalthough they were manufactured vestigated by the

und Durban at one discount. Hongkong

Gill-edged prices continued Department of Commerce and their decline but losses on the clothing. textile machinery, and Japan.

Halden But Mr.

weck were not large.

ports of foods, fahries, raw silk,

iron

exports

33.4

in

was

Atie mánufacturer's label

has since and steel improved budenied every word he is alleged

of cotton yarn declined

to have said. In a letter to Mr was not registered under any of per cent. Japan's imports

increased in

March 315,700,000 above

vacy with larger

Imports

of

non-

petroleum, wheat and

metallic ninerals but with

-Uniled Press,

Turk Tobacco

Markets

1. G. A. Grimwood, Director of the United Kingdom Acts there the Hongkong Government office was 13 ks Fous in London, he says the whole should not continue to use it, statement attributed to him ja but in the interests of fair trad- completely erroneous.

Chamber of Commerce

Ing between the UK, and Hong-

No definite trend emerged in the industrial share market and price changes were generally small and irregular.

DO FAIRLY WELL-

London, June 28.

In

te small rise.

of

per cents

i

Press.

Other shares were dull-United

IMMINENT

SALE OF

RAILWAY?

of

the

(131) A certain role has also been played by a slight relaxa- tion in international political tension or perhaps it might be better to say by the generally That there has been held belief that such such relaxation. This has had the effect of reducing the demand for gold for hedging purposey, for two different reasons: firstly, gold has been less in demand us a hedge against the risks of

secondly WRT:

there has been thought to be less need to use gold as a hedge against preciation, for if there is an Improvement in the international political situation there will be prospects of a diminution of in- flationary pressures.

de-

Havana, June 28. It is my Intention," he fold kong the firm agreed to make a declines in coal, rice and barley. Mr Grimwood, "to counter the complete change in the lay-out

The markets were preoccupied The sale of the British-owned

It is interesting to note that the irresponsible and unfounded so that its label cannet now be with Korea all week but did United Havana Railways to

not even all the discussion that Swedish armamente millionaire there has been about a possible statements concerning the Im-confused in any way with the fairly well notwithstanding.

There was a portation of goods

continued exodus and financier, Mr Axel Wenner raising of the price of gold in from Com-British product.

be munist countries Into Hongkong. Mr Grimwood sise pointed out from British Government stocks Gren, will probably completed the United States would appear I believe

i could give you no in his letter to the newspaper but it was much smaller then within a few weeks,

Mr Guillermo Belt, the lawyer

to have given rise to any serious greator assurance of my attitude that the U.K. and Hongkong have the week before. Old Consols In this matter."

mutually advantageous trade re- cast only 3/9

who has represented Mr Wenner speculative activity, and thus lations,

The index of Government Gren in the negotiations, said there has not been the increase which stich LETTER TO CHAMBER "Manufactured goods Tenching securities closed the week at agreements had been reached in in gold heзrding

activity-might-have-engendered. 87.8, which is a new low for principle with the Cuban Govern- Tobacco markels opened in

the United Kingdom from Hong June but very high compared inent and the trustee of the gold have settled down it about Meanwhile Mr Grimwood has kong factories are valued at

for By April 1053 the prices pald Turkey on June 10, with the crossed swords with the Birming under £2 million and local in- with previous months. The peak chareholders, Marmara district. produellos hum

the same, low levels as they find The British company dustry needs this additional out for the year was reached only estimated at 13,014 tons; 10,708 which is said to be forwarding a lot in order that it may maintain three weeks ago. 98.38 on June loved to be asking a price

is be reached just before the outbreak of the conglet in Korea.-Reuter. tons of this has been cold copy of the report containing a healthy level of employment," 10.

Ave million sterling for already, to the Turkish Monopoly the offending remarks to the Administration which bought President of the Board of Trade he wrote.

Leading industrials, which undertaking. 4,300

reelprocat trade, sell at levels yielding six 'per Mr Wenner Gren's interest in tous,

In a letter to the Chairman of which and to Turkish

is gro

more, looked Marchands which bought 0.400 the

very the railway is believed to be his Joint Group To greatly to the advantage cent or Chamber, Mr Grimwood

de- tons,

writes In the past I have been of the United Kingdom, Hong- attractive to a good many small desire to give the world a

monorail the Black Sca

kong's district

employment problem investors and selective buying monstration of the In

most impressed by the helpful

would become acute and the tentured the week.

system which has been tried out tobacco production was estimated and courteous attitude

have you

Rolls Royce

gained two shill-In Germany. nt 24,159 lens. Only 10,604 tons always takon, particularly at the service which the Colony renders

It is doubtful if any other have been sold; the Americans time of the British Industries Fair this country would be endangered Ings, Dunlops and Vickers 1/3d

rallway system by an infernally-sent gift to and others sixpence or three-importoni Turkish when buying 3,004 tons.

several delegations of Communism-unemployment." Monopoly Administration bought Hongkong businessmen

penco. A press campaign stress-the world could be bought for

May as little as £5,000,000. log high production in tons uitki Marchands decided to visit Birmingham, and BOARD'S REPLY

of boosted motor shares somewhat

Mr Belt pointed out today 8,390 tons

I was immensely surprised to see

these negotiations were biggest market--Izmir your committee could make such I put the facts of this case but shares of the makers of that has not opened yet and no a categorical statement about the before the Board of Trade today Commercial vehicles were avoid highly complicated and the main

need to csilmate on this year's produc- Colony without, to my knowledge and this is the reply I received because the trade figures for problem was to convince labour reduce the May showed a decline in ex- of the lon luns been made as yet, anyway, making any endeavours from a high oflein:

to the world railway's staff, United Press.

"It is an offence under the ports attributed to make sure of the facts.

It was reported earlier this shortage of Sterling? to know Merchandise Act of 1887 for would be interesting

week in Flavana that Mr Wen- what evidence lay before the goods other than those made in

JAPANESE STRONG

8.702

mo

have

"Without

In

man

Arbitrate

New York, June 28. The appointment of a three- group as members of a joint arbitration commitice to administer the Japan-American trade agreement was announced today by Mr Whitney Seymour, of the American President Arbitration Association.

The committee. will fwiction ner Gren had reached an untier-in New York und will deter Exchange Rates committee when it reached its the Commonwealth to bear the

taking with Mr Eusedlo Mujal, nine the place of arbitration decision, and I can assure you words Empire-made: The Board Anglo-Iranian jumped 2/0d to Secretary-General of the Cuban for the settlement of com

naturally Trado

makes 128 shillings, Royal Dutch was Confederation of Workers. But, mercial disputes In accordance Business was done in the local that it any evidenco does exist of unomcial

Bigned exchange

this it will be welcomed by the Hong-engt

kong Government in order that tires when representations jug 8/99 to 3 und 3/10ths Sterl-reports.added; : de: "Mr. Majal } with the, pact,

made to them by trade ing". (approaching the year's made major concessions the September by the American- 1983 a thorough investigation can be associations. It should be peak of 331⁄2 Sterling) while Communists whom he ousted| Japan - Arbitration, Assogiation. pointed out, however, that in Burmes and Shell moved up from the control of the Con- A similar committre will be set "I feel, however, that, as has every case in which it has been 179d. It was an unusually active federation would strongly at. up to function in Japan-United

often in the past alleged that foreign goods were week for olls.

tack him-Router.

Press 5 happened so

morning at the following TRIES

tunrket

Sterling note (per £1)

US dollar... (per- (1).

Indonesian guilders (per 100)

Sjam Lirat (per 100)

Singapore (Straits)

Fic plastres (per 1001

21.00 made.

54.30

1.04

"SILVERHANDAL" "MEKONGTM Homewarde

FREIGHT SERVICE

LORYG

..Europe -9alled

„Hamburg-Balled

Leaves

.Krank là July

ffongkong

6-7 July 21-24 July

Hongkong

28-19 June

14 July

....Keelung... 4 --August. 5 August

.Keelung-19 August 20 Augusi

I

For Japan

Ispan

Fot

Alphons

↑ Saigon, Marseilles, Algiers, Oran, Tanglers, Casablanca, Le Havre, Antwerp, Rotterdam & Dunkirk. Bubject to change without notice.

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

M.Y. "QULDA MAERSK" MY. "CHANTINE MAERIK" m.Y. THEIN MANNER"

July J July

17

Aug, 1

ARRIVALS FROM U.S.A.”

IV.

Th..

M, V.

"ELSE MAEESX” "TREIN MARRIE“ "MAREN MAKRIK”-

July

July

July 14

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Fedder Building.

Tel. Nos. 36066-9

Tel. 20481

Chinese Freight Booking Office 27, Connaught Road, C.

Dates and rotation subject to change without notice,

Al liberty to proceed via other ports to load/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.

"BRADEVERETT”

Arrives Salls

July 14 from Manila. July 17 for Singapore,

Rangoon & Calcutta.

"REBEVERETT"

Arrives Spils

Kol

Penang,

Yokohama.

July 23 from Singapore..

for July 24

(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.

4 from Singapore.. July 4 for Kobe & Yokohama,

LA

Arrives Salls

7

July

"THAI"

Arrives Solla

July

from Takao

July 19 for Singapore, Port Swotten- ham, Madras, Colombo, Bombay, Karachi, ramshahr, Barrah

Bahrein.

(Accepting cazzo, for transhipment Hobe/Fusan and Kobe/Okinawa)

Khor-

EVERETT STEAMSHIP CORPORATION. S/A

Queen's Building, Telephone 31206. . Chinoso Department: Telophona 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