1953-07-29 — Page 9

MESSAGERIES

P.O. Box da

Queen's Bldg.

Outwardı

M

MARITIMES

Tel: 26681.

THE CHINA MAIL, WEDNESDAY, JULY 29, 1958.

Steel Plates

Supply

M Prime Factor Facing

PASSENGER/FREIGHT SERVICE

Leaves Marnellfes

"LAMARSEILLAISE” salied

"VIETNAM".

"CAMBODGE"

- Homewards

"VIETNAM”

"CAMBODGE"

Sailed

.1 July

Hongkong

14 AGE.

0.13 Aug.

Yokohama

25 Aug,

Leaves Hongkong

Dye Marseille

v

27 Aug.

14 Sept.

20 Sept.

Bulgon Belgon Bairob

"LA MANSTILLAISE" 4 AUGUST

..... 22 ......20

Augnat Aux.

via Marseilles to all Mediterranean & West Africa ports, via Djibouti to Madagascar.

Outwards

"COURBEULLES"

Homewards

"SILVERSANDAL"

"MEKONG"

"COURSEULLES”

FREIGHT SERVICE

Leaves

....Carpe-Salled

Leaves

• Keelung 3 August

Mongkong

For

-31 Apport

Hongkong

For

4 August

1

· Keelung-19 August 20 August ....ectur–

Orlaber 3 October

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

EVERETT LINES

EVERETT ORIENT LINE

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

"REBEVERETT"

Arrives Se'ls

July 31 fruin Singapore. Aux.

Kube 1 for

"LENEVERETT"

Arriva Saul

£ Yokohama,

Aug.

4

from Manila.

Aug.

5 for Simport,

Penang,

UK Shipping Industry

The supply of steel and particularly steel plates seems to be a prime factor in the present problem of the British shipping industry.

As the Civil Lord of the Admiralty, Mr Wing- field Digby, mentioned recently, it is the shortage

HONGKONG of steel plate in late years which has largely held

SHARE MARKET

(From Our Correspondent)

Bank XD 1520 East Asia

back the shipbuilding industry in this country.

Certainly most observers credit the shortage with being a major cause of the 6,500,000 gross ton back, log of orders on the books which is, in turn, largely responsible for the long delivery dates that the British industry is forced to quote.

NOT ADEQUATE

This backlog can be looked at remove to a large extent what is Business done on the Stock in two ways. In one way it is probably the British Industry's Exchange this morning amount- a disadvantage. rince in these greatest disadvantage at present. ed to 5040.575.50. Noon quota- times the price of a vessel can bo

Much of this, of course, depends tions and the morning's irans increased substantially between actions:

the date of the order being on the supply of steel and parti- KHARES NUVERS SELLERS BALES | placed and the

construction being cularly of steel plates. BANKS

completed.

also disadvantage In 50 for as in these rather uncertain times it is almost impossible for shipowners or anyone els for that matter to look ahead and plan their business for years in advance. Foreign yards with their shorter delivery dates gain a short-term competitive advan 875 tage from the existence of this

of orders 0.65 backlog

In British

Canton

SUD PINGS

151

INSURANCES

245

UK Fine

150

Axin Nav

1.45

DUCKS. ETC.

K.. Wharf

Dock

21.00

Provident

Iz 1

hal Dock

1000

1400

Wherlock

LAND. ETC.

IIK Hotel

HK Land Shad Land 1.57 tuplareya .. UTILTITES

'Train

.....

Penk Tratu

Peak Tra

050 BA 2000 - 21

0.76

500 8.65 yards.

1000 8,30

400 0.70

23 23.20 1000 1000

IN 211

2

Star Ferry.. 123 124

From another point of view.

The Irun and Stect Con- sumers Council, in their second report, published as a White Paper, statos that members of the Council most concerned as users of steel plates feel that not only is the prezent supply position unsatisfactory, but that adequate steps are not being taken to ensure that in future years

will meet Increasing Per supplies

demand. **It

"that the says the report,

is at present a

bo tween supply and demand. We

дар cannot measure the gap in pre- clso figures but various - timates have been given to us ranging as high as 250,000 and 350,000 tons a

year!

the

France Has Largest June EPU Deficit

France had the largest monthly defielt

the Kumoreau Payments Union (EPU) in June for the third month running, with 650,800,000 according to Agures released by the Organisation for European Economic Co-operation.

Germany was again the biggest credige with

$52,000,000

while Britain's surplus of $6- zp2,000 was the lowest for Teral months. Her May credit Wha $20 million Britain still remains largest overall debier with $103,700,000.

tho

Franco settled her Jane deficit in gold. During the two previous months sha had rolled on Special American grants to mee her debta-legter,

BRITISH INVESTMENT

ABROAD

Tho

London, July 28. nominal value of Britain's overseas investments at the end of 1951 had fallen from their 1030 44 per cent level, according to the calcula- Uons of the Bank of England in their annual report.

They stood at the end of 195) al £1,086,000,000 compared with a revised (pure of £2, 019,000,000 at the end of 1950 ́und,

d. £3,545,000,000 at the end

of 1938.

400 2.75 the backlog does give a certain evident," 0000070 amount of insurance to the indus- not rolled D 8.10 3000 4 0.03 try-provided it is ECLS BLIS 500 ar 01

1.02 3500 1.00 upon. If the mere fact of its

10.10

existence tends to discourage the 25.23 placing of further orders with 23.10 British yards for the present time, the industry. S then it gives

chance to work off some of that The Report recommends that

However, the country's in- backlog. And the more it is the Ministry of Supply should

come in the form of interest and dividend was higher £189,- worked off. the shorte: delivery ak the Iron and Steel Board to examine the problem as soon

400,000 in 1051 compared with dates will become, all things re-

luding

in par

a revised figure of £143,800,000 8.60 maining equal, and so it will put as they can,

ticular the

of In-

in 1050 and £155,400,000 27.00 the British Industry in 2715 competitive position compared areasing rolling capacity in

1038. the 21.00 with foreign yards since it will | traditional ploto milia. Anojbez 200 g 3732

that the 22.10 210 22

recommendation is Iron and Steel Board

should be asked to give early attention to the

whole question of the basis of inon and stout prices, including the problem of "gone extras,"

C. Light (0) 12.90 12.70 1400

Rangoon & Calcutiu,

(Accepting cargo for transhipment Robe/Pusau ami Kobic/Okinawa)

EVERETT STAR LINE

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

Electric

Teleph

Arriver July 30 from Japan. Sails

July

31 for Singapore, Pori Swetten- hamn, Penang, Madras, Culembo, Bombay, Karachi," Khorramshahr, Dosrahı Baturein.

"STAR ALCYONE“

Arrives Sails

Aug, 21 from Singapore. Aug. 22

for Naha & Japon.

(Accepting cargo for transhipment

Kotic/Pusan and Kobe/Okinawa)

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

PENINSULAR

QUIS NOS SEPARABIT

1700

C. Light (N) 850 8.65 3500

271, 27.00 1000

3000

50%

13.00 14.70

INDUSTRIALS

Cement

19.60

B00 1045

Rope

178)

500 64 18.10

300 18

STORES, ETC,

Dairy

Watson

Lane Craw

ford

COTTONS

Ewu Textile Curp,

22.00 22.70 1000 22.10

500 fir 22.00

100 22.70

24 150 23.90

21.20 93 24.20

2.00 2.70 1000 2.65

ce 3.50

The Rubber

Markets

Singapore, July 28. Fairly selling was witnesses in the rubber market around noon

but at lower prices. Prices closed

as follows:-- Nu. RSS per 1.

July

August Sept.

3212-6225

421-621

022-63 03-01 No. 2 rubber per lb, July No.3 Rubber per lb. July 69-4923

No. 4 rubber per 28. July-574-874

Spot nubber unhaled Blanket crepe

No. 1 pale Crepe

A

a

more

GROWING

MARKET

FOR P.I.

In