1953-10-05 — Page 9

MESSAGERIES

P.B. Box 53.

· Queen's Bidg.

M

MARITIMES

Tel: 20651.

M

FAST PASSENGER/FREIGHT SERVICE

Prom Atarsedited

"LA MARSEILLAISE"

"VIETNAM

*CAMBODGE"

Oct.

27 Oct.

Leaves Marsilles

15. Bett.

Que II.K. a fret. I AUT

19 Nov.

Leaves itongkong

Due Marseifer

"LA. MARSEILLAISE”

21 Del.

13 Nov.

For

Yokeliama

YoXolama

Via Nalgon

"VIET-NANI

2 Nov.

20 Nov.

Balfon

2 Doc.

25 Der,

To Satelites

"CAMBODGE"

Saigon

Via Marsellies to all Biediterranean de Wem Africa Poris Via Djibouti to Madagascar,

FREIGHT SERVICE

From Europe

Left

"TRAQUADDY"

***Antwerp Bept.

"MONKAY"

To Europe

"COURSEULLES”

"AURAY"

"IRAQUADDY"

funkirk early Oct

f.caves Keelung

* Oct.

30 Oct.

Doe İLK.

zz Det. 22 Nov, Leaves II.K. Oct,

1 Nov. 17 Nov.

Fot Mandia & Japan Manila & Jupan

For

ז

↑ Balgon, Singapore, Djibouti. Marseilles, Algiers, Oran, Tangkra. Calablation, Le Havre, Antwerp, Tollerdam & Dunkirk, Bubject to change without notice,

EVERETT

LINES

EVERETT ORIENT LINE Fast regular freight-refrigerator--passenger Bervice to Korca, Japan, Philippines, Indo- China, Stam, Malaya, Itangoon, Calcutta and Chittagong.

"LENEVERETT"

Arrives

• Salla

Ort. from Singapore. Oc, 10 for Kobe &

"BRADEVERETT"

Arrives Solls

Oct, 10 from Manila,

Yokohama.

Oct. 20 for

Itangoon

Singapore,

&

Penang. Calcutta,

(Accepting cargo for transhipment Hobe/Fusan 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"

Arrives

Soils

Oct. 6 from Sandakan. Odl. 7 for Pusun,

Yukohama,

Kobe

"STAR BETELGEUSE"

Arrives Sails

LAO.

Arrives Soils

Oel, 19 from Jappan. Oct, 20 for Singapore, Port Swetten-

Penning, hom,

Madras, Colombo, Cochin, Bomby, Karachi, Basrali, Khor- ramshahr

Bahrein. &

Oct, 21 from Singapore.

Kube, &

Yokohama.

Oct. 22 for (Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)

EVERETT STEAMSHIP CORPORATION S/A

(Incorporated in the Republie of Panama

With Limited Liability

Queon's Bullding, Telaphone 37206. "Chinese Department: Telephone 28293.

INDONESIA

Ship Order

TURNING TO For Japan

AUSTRALIA

A Big Increase In Imports Noted

including

Singapore, Oct 5.

Indonesia has ordered 11 new ships from Japanesé shipbuilders, four passenger-style vessels that can carry upwards of 1,000 passengers, a despatch

Singapore, Oct.from Djakarla sald today,

Indonesia is turning more Australia for

ald

5.

to

The new ships are already her imports, in- under construction in the Hida- tech-chi Yards for Inaco (Indonesian luding foodstuffs and

Company). the and heavy equipment, Navigation icol

Anderson, despatch said. The four vessels George

Australian Trade were ordered

specially for carrying pilgrims to Mecca, it mmissioner in Maloya, Mr Anderson said that in the was learned. bast few months Australia has Indonesin eceived orders from

the

It is also understood

Government has for the supply of iron and steel Indonesian

shipyards for products and engineering items asked Swedish lespite

strong Japanese and tenders for the construction of tonnage. 34 ships of varying European competition.

Mr Anderson served as Aus- The Indonesians heretofore had and German rallon Trade Commissioner in employed Dutch Indonesia for moro than two yards primarily for their ship- rears and arrived here to replace building projects.-United Press. Mr A. J. S. Day.

He sold his country has had

t's best trade with

Indonesia

at the past several months.

Australia, he said,

breasing its exports

is in-

to South

East Asia as costs of producilon

a wide variety of goods are

Shipping Route Zealand

16 N.

Hecrehaing and prices become Proves Success

more competitive with overseas markets.

Tokyo, Oct. 5, Mr Anderson said Australia's

The Nitto Steamship Company capacity has greatly expanded, has applied to the Transportation his country Is producing Ministry for permission to thau- technical gurale a regular New Zealand ypes of heavy and

and he equipment studying potential markets for Australian engineering

THE CHINA MAIL, MONDAY, OCTOBER 5, 1953.

The General Electric

Company Limited Of England

Further Progress

The fty-Bird annual general meeting of The General Electric Company, Limited of England was held on September 24 in London,

Sir Harry Railing, the chair- in the course ut bls mun, speech sald:

After allowing £1,151,000 for depreciation, £68,000 moro than last year, and other pro- i visions, we show a profit of" £4,280,000 before taxation. Taxation absorbs 60 per cent, and we are allowed to keep 31 per cent, of the pront we have carned. During the last six years taxation has withdrawn pany's Capital, whilst the net dividends paid to the Block- holders amounted to £4,150,000.

Of Money

Optimism On Stock Exchange Problem Maintained Despite Socialist Arguments

Heavy Industry Exports

Dangerous Slump 'In Japan Recorded

(FROM OUR OWN CORRESPONDENT)

London, Oct. 4.

The Labour Party arguments at its annual conference at Margate this past week as to what Tokyo, Oct. 5. Japanese heavy industry it will do in the economic field if returned to exports in the first half of power have had no effect whatever on the this year slumped dan- optimistic trend of the Stock Exchange. gerously, even before the The Exchange finished its liveliest week since that week in October, 1951 when the Conser- vatives came back to power.

£ 18,000,000 from your com-effects of the Korean truce

nasets

The directors have recom- mended a final dividend of 71⁄2 per cent, making 11% per cent, for the year. Our current exceed current and deferred liabilities by £25,000,- 090 and thus show again the Inherent strength of your company. Reserves now amount to £22,571,000.

Your company's activities last year show overall a further Increase both in total produc- tion and in sales. We continued

the uninterrupted

marie each year since the war. These Increases were mainly due to the higher output of capital goods,

were felt.

High production costs were blamed for the decline.

Japan's iron-steel industry is tosing "to strong competition frem European producers. The once-busy shipbuilding Industry has received not a single order from foreign shipowners during the first half of 1953, the Trans- port Ministry reports.

cock

as

the

Wheat

Price Scheme

and

such:

farmers

Movements

By Sydney S. Campell Reuter's Financial Editor. The immediate problem is not whether there will he US. Betback, or what effects it would have on various currencies, but how money will move in the next future in anticipation of such developments and in the effort to protect itself against them.

There are some who believe think Britain night be sitting pretty in a U.S.

slump; that the $8 or $9 billion of hot money now in New York would then

out, largely to Britain.

ex-

оп

London, Oct. 4. The Financial Times industrial ordinary Index The projected two-price sys- βαιν reached a few penk nt 128.5, an advance on the week oftem for US, wheat would come Others think that past 2.9. The, index is certainly recording a bullion mood and to the same things as guaran-perience indicates the contrary: teeing the parity price for all that in any setback tho wheat consumed in the U.S.. Americans would pull in money provides heartening news for investors..

while leaving exports

to sell from abroad. So far, the ex- to 45 shillings. W Since the cut in the bank ratejseven shillings

for what they were up 5/7

would. fetch.perience is conflicting. Plainly there have been various pointers Anglo-Iranian

Wall Street and Shell up two shillings. Royal The farmers would have a free the

setback and to almulate the markets.

market and would be relieved the other uncertainties have The announcement of Imperial Dutch eased.

of the production controls which not caused any outflow of hot Chemicals interim dividend in-

FAR EAST 188UES Dollar

reflected stocks per cent has been

the they dislike. In principle, they money from the U.S. to Bri-

sub-tain. The The slump in the shipbuilding creases to 8

fact that sterling a green Wall Street stendiness and were also dislike Government Industry was blamed on Japan's noted particularly

with Wall Street up several points, notably Shell aldies, but they need not regard railled inability to cut costs to meet light.

payments Momentum has gathered, too, Oil, up 3 points.

the September 15 might be eyen competition from Britain and

with substantial

Gold shares were up moder-money would come from U.S. script Issues

maro serious than the fact that West Germany. Japanese ship-w

the Govt went down with Wall Street - builders find that the price of from the heavy Industrien-Bab-ately on hopes of a political im- consumers, not from progress

and Wilcox,

In South Elder provement

Atrien.emment,

could

The up to September 14. $150 a to: offered by European Dempster and Press Steel.

Chartered and other coppers

us themselves merely parallelism in the two directions shipyards Is Jess than the These naturally suggest bigger were higher.

getting the full price from the strongly suggests that sterling Japanese cost of production, distributiona but industrials Japanese bonds had some dull consumer, part of it at the time is led to the U.S. charlol-in days but boiled over and reached of sate and the other part what would be the wrong way In an effort to re-enter the generally have been buoyant,

some new peaks though closing later. The Government would for sterling If Wall Street and International shipbuilding mar- And there has been an

a shade below; ya broadening

be

U.S. business are going to relieved of paying subsidies

fall ket. Jopar.ese shipbuilders are expected

The Tokyo 5%, one of the on US, wheat exported under further (though of course the planning to adopt a dual price equity market. Handsome profits

IWA-since it is certain right way if they are going to on the

quieter ones, rose £3% to £97 the system, selling to foreign buyers

£166: these were the non-low that there

would be no be prices for domestic buyers.

assented but the assenteds rosened to subsidise it. £3% and £6, respectively. The Japanese Journal of whether the present rally in

Numerous gain; elsewhere of

To enlarge their wheat ex- Finance and Commerce reports gilt-edged is likely to be main-£2 reflected demand. Chinese ports U.S. farmers would have that the Mitsul Shipbuilding tained.

£1 or £14 to take a very low price: con- bonds were up conclude a con- The Investor's Chronicle sugr United Press. Company may

aldering the present statistical tract with an American

gests that investors need not be for construction of a unduly impatient waiting for an

position, and what has happen- owner

ed to rye, they might be lucky 22,000-deadweight-ten-tanker at mswer. Major movements a price between $150 and $100 the gill-edged market, it points

to get a dollar a bushel. They is no general could easily

to afford to take per deadweight ton, 20 per cent out, have the habit, once started,

U.S. low price. At present, the less than the former export price of persisting for several years,

exporta little more of $200, and less than the pro-

"If over the next six months duction of $180..

un-

of

week

the

in

Our own future and that of the country depends largely on the effectiveness of the steps which our Government will tak-relative to other countries at prices substantially below both gilt-edged and industrials. while tho. 1930s jumped 20% to that export wheat would fall so rully). The experience should

shin

FINDING IT HARD Japanese steel makers fear international

Intensified

Though

HONGKONG SHARE MARKET

pori

are lower then duction costa.

Anding

..

wire

won

PRECEDENT CITED There are queries as

snys,

indeed up-

have

continued

Japanese Trade Briefs

from Tokyo

who pondered by those ascribe sterling's recent casiness to seasona! British purchases of dollar goods that Britain is not

buying.

On the other hand, the con- inued strength of several other currencies still shows that there American move withdraw money

from abroad. These stronger pointers than third include

the currencies of

es. Switzerland, Germany and

as much wheat us it csumption particularly Canada: If Ameri-

Taking the home

Aircraft Industry's aminte. half

Trade

oficials

plans

the Kandewor

report

between

Trade

can money

an

were on the

run,

pulled in money

-10 slop or reverse all in flationary tendencies both on a national and individual plane, The report was adopted. The General Electric Co. Ltd., of England, known throughout the world as the G.E.C., is represented in China by The British General Electrie Co Lid, of, Hongkong. The con- solidated accounts of The General Electric Co. Ltd., show

or Ho," the Investor's Chronicle

so, the investor that the capital employed at

"we get confirmation that

price us say $2.50 and the ex- 31st March 1953 amounted to

the major trend is

port price as no more than $1, Canada would feel it early and approximately £52,850,000 and

ward-and another reduction in

This is not the farmer would have an over-hard.

a situation that the profit for the year to that

the bank rate might well

provide

of $2.12 a high like the U.S. credit squeeze of all overage that

Tokyo, Oct. 5. date after taxation competition following the Korean 1-the movement, on precedent,

enough price to encourage him last April and May, when the amounted

Japan trade briefs: to approximately truce will worsen the already will not be reversed for several

not merely to maintain but to Americans £ 1,206,000. The dividend on gloomy export situation for iron-years after that."

Japon is expected, to oxport

present hee 10 planes from

excessive because they needed it at home. Shipping shares

Joeat factories enlarge the the Ordinary capital is 114 per steel products,

strong this particularly

They do past for the first time since the end wheat production.

not need it. Until cent for the year less income

they are more assured Japan

it week following important com- of World War II, The planes,

that it also tax. The Company

For the competitors of the can be profitably invested, bas over

dimcult to full trade agree-pany tiews.

American Fletcher-type

FD23

they 65,000 employees.

Pro-U.S.. these are far worse pro- have more money than they The Elder Dempster Lines' will be sold to Vietnam. ments withi Pakistan and

trading

where know what to do with, and are principally for the ex-holdings,

portions then in sugar in- pellers, Argentina calling

engines and flying

Cuba, having a protected high-lucking away in a and with West Africa, announce port of Japanese

struments were imported

the shortest- iron

the Fletcher Company, 100 per cent seript Issue.

price market in the US for a date U.S. Treasury obligations. steel.

.P. AND O. UP

can afford to Since the development so far is its output, that undersell in the world market mainly the Japan-Pakistan

have been There

U.S. Internal

its development, trade agreement signed In rumours of a United Molasses Japan will export 0,490 tons of on the other half. Even if this

monetary Crop effects so far are internal rather. April provides for Japan's ex-bid for Union Castle shares, and steel sheets shortly. They say system produced a U.S.

the twice as large as US. consump- of Iron and steel, the the official denial of this from trade

than international. mean a crop prices proposed by Pakistan Molasses came too late yester- Kishimoto Shoten Company and ion-which

At that, U.S. money markets million bushels. 1,400 of about Company Japanese pro-day to affect the market

are sharing rather than benefit With

In India have been under way for since consumption is around 700 wan continued activity Union Castle shares, the latter some time.

milk the farmer would sting from the general nervous-

BOSS.

malaise in business The part

average price have an overall of the Japan- rose another 3/- to 33/-.

The Japanese Ministry of

all U.S. how of $1,75. Bun

earth extends, On

money Argentine agreement calling Molasses 10/- units rose 4/- to International

recently

markets

eventually would ¿From Our Correspondent) for the exchange of Japanese 33/0d.

Unted the tax from 17 import could the world market face a

get left-handed benefit from it, plų iron for Argentine wheat Business done on

The Clan Line have gone up items to increase their rapid US crop of any such_size?

but so far the only notablo the Stock has not been fulfilled, Argen- 8/ to 00/-.

export. The Items_will be tax-|

ALANY WAYS

beneficiary is short-term Trea- Exchange this morning amount-in preferring to import low- P. and O. deferred have ad-able only when they are sol

suries. The bond market. Is ed to $1,400,902.50. Noon quoto-priced pig iron from Austrin.vanced 2/3d to 64/3d.

on the domestic market, Tho tax- There ore many ways in tender. The Federal Reserve maintained the free items include tapioca starch, which the system would enlarge Bank of New York thinks it notable activity of the past few agar, crude rubber, American

while to record that in weeks. There is no sign of un- and South Sca, Jumber. rnost U.S. production' and reduce U.S. worth

enlarge consumption. To

their mid-August "the suggestion in o casiness about the North

iron, cobalt, nynthetc. rubber, quota In the high home-markat letter that the Treasury American activities

the of

pigment resin

price, farmers

might contemplate the inclusion Chairman of Great

books, periodicals, tanin would market wheat they at of a renewed offering of tho Stores, Mr Isaac Wolfson

Industrial diamonds, On his arrival in New York he

button shells, products of the sent retain for feed and seed 3 per cent bonds in its Sep- announced his plans for buying Nansel,

since they could buy it back tember refunding had a cheaper from the free market, porarily depressing effect stores and mail order houses in

related chemicals.

(Try to imagine the United States and Canada.

back other bond prices. Japan has lost This

ad- week "Gussies" Mexico City, Oct. 4. vanced 5/0d to 57/6d but, after market in Indonesia to Britain feed grain Instead, there would the Bank of England publicly

OMINOUS NEWS Mexico hopes to increase its some ductuation on

Thursday, who shipped 77,000 bicycles to be a drop in total US. wheat discussing that sort of thing!).

Since purchased cotton sales to Japan, the om- closed on Friday, at 57/2d. Indonesia during the first quar-consumption.

More recent developments are BRed ciol National Bank of Foreign

AR PRICE WAR

goes further and yields ter of this year whils CAR

On September 14 seed, ominous.. Commerce said today.

The price war among popular exported none, In 1962, Japan higher than farmers' own

a small there were reports that secuel would be boil The Bank in its monthly re-car manufacturers had its effect exported 4,250 bycles to that

underwriters atics

would and in consumption entitled port

"Foreign

Com-In a certain setback on Friday. country.

Jarge rise in tested

of placing potential very

by the job 08.05 2500 D

The Tokai Kocki Company of merce" said that the 83 64 300 610054 Korea and the

war in But most of the gains in the

of more than $2 billion of new Consumption have been Japan restrictions on motor field of late

has signed a contract production. 145 115 16.00 17.16 1000 1680 trade with

which flour and other wheat products corporate and local government with

⚫ Rangoon Communist China held.

firm 3200 10.00

forced some have

shift in

Rolls-Royce shores, unaffected import 3,500 tons of cement. The in the US. would be restrained bond issues, mostly within the ensuing month. On September 4000 27.

campaigns, shipment is to be made from by high price.

15 emphasis in Japanese foreign by the lower price

that the It was reported 11000 25.00 trade. Japan's need to import have advanced 3/- to 07/0d. July to December of this year.—- The effective price of wheat underwriters,

Anding buyers. In its survey of company news United Press. 10000 20 foods, cotton and iron has been

to millers would be the full cautious after. Wall Street's set- Investor's Chronicle notes:

were scrutinising · the parity price plus the processing backs, associated **The political riska

tax which would have to be projected issues more closely, "It is inevitable that Jopan with East African Power impart a great part of the raw Lighting have received increas- cotton from the United States; Ing recognition." C. Light (N) 0% 9.85 500 985 nevertheless it is very probable 1000 883 that new suppliers will appear

1000.00

among whom Mexico and Pakis 871 930 tan could be included."-United 15000 @ 22.70 Press.

tions and the morning's

tions:-

trans- United Press.

SHARES BUYERS BELLENS HALES

BANKS

HK Bank

East Asia

INSURANCES**

Unikan

Underwriters

.. 10/0

160

A15 145

5

160

IIK Fire...

SHIPPING

Waterbunt 1, 40.29

DOCKS ETC.

K. Wharf ..87% Dock

Provident ..15.80 Provident

(New) ****** S'hal Dock. Wheelock

LAND, ETC. HK Hotel TK Land Slul Land Il-mphreys

UTILITIES

Trem

F

1 550 12.00

2.15

⚫ 0.05 3000 @ 0.05

24000. 3650 -0.04

....... 25.60.

131 134

Glar Ferry

200 25.00

Mexico Cotton For Japan?

C. Light (0) 13.70 10.00 700130 important factor in changing the

markets.

23

2000 13.50 1500 13.00

400 6 13.90 800 13.80

2500 1680

Electric Macao. Elec. 9.30 Telephone 02.00 INDUSTRIALS

Gemert 15.70 18.00

(09:40 231% 830 1000

STORES, ETC.

Delry

Watson

24 24 200

La Crawford 23.40 COTTONS

Textile Corp. 3.00 MISCELLANEOUS Yangtze (0) Yonge

(2) 020

To Apply For

A Licence!

Tokyo, Oct. 5.

Stores have

Universal

some

consumption

dyestuffs and

the bicycle

If

they bought

1 t

Japan.

drop

tem-

on

be

and PAKISTAN TEA high. The total of the two and that there might be a "chain

With the drop in the price of

"10

PRODUCTION

might.

be a

good 50 percent reaction of postponements and

present dearer than the

cancellations." The last reports lovel which is itself only 80 the April-May credit squeeze,

of the, full.

Con- parity

which is well below the econ

of such cancellations were in

became dear and

ordinary shares to 23/0d the

Karachi, Oct. 5. company will find it harder, the Investor's Chronicle says,

The Pakistan Tea Board hassumption of wheat products in when money

This is a different and maintain the 7 per cent rate if act up a sub-committes to in the U.S. is not very responsive scarce. further capital is raised by the vestigate how production can be to changes in, the price of wheat, more serious situation: It is the present but it would be surprising if a prospects that have become

Issue of ordinary shares."

WARNING IGNORED

London, Oct. 4. Despite a good stift warning

the from

London- candid Cambridge Economic Service, the Stock Exchange boomed

this week.

increased trom the average

10

Meeting Quarter Humphrey

Of Demand

and

Talpei, Oct. 5.

15.

the

and

payers Outflow of U.S. pri-

in

the spread of technique,

The Nationalist Taiwan Ferti- vate capital is useful selectively

of profitably using the money of approximately 52 jump of 50 percent in the effec- million ibs. 80 million within tive price to millers

to

failed to scarce.

The prospects' for an outfow the make some to years,

difference.-China according

of U.S. investment money are Mail Special. Minister of Commerce.

rather grim. The outflow of He added that production of tea

U.S, Government capital is to in Pakistan during the first six

be checked: Treasury Secretary months this year, was 22,281,432

Commerce and. The Bonk of Asia, a bank to The total number of bargains 15s. The output in the whole of

Wooks told Secretary be jointly organised by pro- done jumped from 42,502 to 1952 was 53,140,23

Senate committee on September minent Japanese financiers and 47,782. the highest since the Pakistan's exports of ten during influential Overcas Chinese, week of October 20, 1951 when the first-

longer six months of 1953

that they are no

U.S. tax To Investigate will apply for a licence from the the general election took the totalled 0,908,359 tbs according

willing to risk the Finance Ministry soon after the Conservatives into power to f

to figures released by the Govern

rs money h Investment return home of the Jopancre Although Imperial Chemicals, ment, Exports in the whole of Complaints

Finance Minister from America, with its revelation of a "liberal 1952 were 25,340,007 lbs,China

Heer Company Limited today ad policy, was a big Mail Special.. "" London, Oct. 4. It is understood that the dividend

tho I.C.I

shares

nounced that fertiliser output The company has been operat- The British Pottery Manufaċ- | FinarsCO

problem It has been a and the stimulus,

mum demand of 600,000 garage and is likely to remain Jucts In Sout East Asia ng a trump ocrvice and sturdy Federation has accepted Governor of the Bank of Japan themselves closed unchanged at Call To U.S. Banks could meet almost one-fourth of bolas roblem for the world's

metric tone... convinced that a regular service an invitation to send a represent are favourably disposed toward 40/9d, Just under the peak of

Washington, Oct. 4.. United Prem.

But Associated

mirage. If it occurred on an on the route would be paying, tative to Japan to meet Japanese such a banks. The bank is ex- 43 shillings.

The 5/4d.. Jumped

US. Comptroller of poitery manufacturers, the Fed.

The company said scheduled adequate scale, it would even- Courtoulds three shillings, Rolls Currency today, called on all president, Mr. Wooted to start business early Industries

dollar debt Upon obtaining permission, the Wentworth Shields,, said ",

2/0d. and Dunlop's and national banks for statements productions of chemiient fertiliser tually worsen the problem, by Rayda 27

service. Business way dose in the local company is expected to operate

The Bank of The Japances aro

Asia will be Unilever two shillings of their conditions on Septem-on Bortion in 1958 was 140,000

Already given, U.S. Importing noticial exchanga markot this

and tarify hablis approaching morning at the following ratos:--

524 ship to be assigned to this route Live on the question of com- which Japanood interests will ed

all wolllement, of Anglo-Egyptian call for redion of the main industrial projects of or beyond the bearablo. Tumity" 15.87 will be the Redwwh Maru; 8,330 'plaints of copying shapes and provide upˆ10:300 million Yeri una, PA ££% $0: £28% on hópós of a Federal Réservo Books Isca Forliksir, production is one

Sinter bafika (which trờ mem- the Nationalist Government and For better or worse, it is not leaving decorations made by inembers the Chinese 60 million yer 21 | differences.

Olls were lively all week, and bers of the Federal Reserve Mutual Security, Agency, China | occurring and is not likely. November 11 of the British pottery industry, the start of operations--China

Allssion,--Reuter,

Decur.Reuter kimUnitôt ›Proit.*

¡Anglo-Egyptian oil rose nearly, System United Frew. Install: Special.

is keenly router

pro-

Exchange Rates

U.b. dollar, (per 41).......... wiring holen (per (23) juu

business,

next year.

Minister

1

olght sailings a year. Tho, first to confer, with the ANS]

capitalised at 800 millimi, yeni krsational Bank of Egypt Boar, ber, 80, . At the same time, the

indonedan) guliders (per 100). 1930 deadweight (.), todik,

san kiells (per 100)

atnaspora (Hizkita) ... Indo-China plastrva (per. 200)

1.78

83.50 Yokohama on

SAY China Mall Special.

metric tons,

"

A

Lavramiding which