1953-12-03 — Page 9

Discovery Goes Into Dry Dock

THE CHINA MAIL, THURSDAY, DECEMBER 3, 1953.

TRADE and COMMERCE

French Businessmen

Captain Scott's Polar, ship. R.R.S. Discovery, which for many years has served the Boy Scouts Association at her mooring alongside the Victoria Embank- ment, has entered dry, dock for examination to see if she is fit enough for future use possibly by the Admiralty. The picture, shows Discovery in the London Graving Dock, where she is now being prepared for Inspection by Admiralty

surveyors-Central Press.

The Key Figure In KILIMANJARO

British Delegation

Bermuda Talks

At

(By DON DALLAS)

London, Dec. 2.

A diplomat who has talked to Stalin twice and to Molotov more than a dozen times, is the key figure in the British delegation to the Bermuda talks this week.

He is urbane Sir Frank Kenyon Roberts, who is accompanying Sir Winston Churchill because he is the leading Foreign Office expert on Germany. He also has more experience of direct negotiation with the Kremlin leaders than almost any other British diplomat,

Sir Frank has helped to draft | the Western negotiations with several regea British notes to Stalin and Miclotov, which almed Russia and may be called on to to end the Soviet-blocked' of do so again ju Bermudo.

At 46 he ir tue of the ablest of Britain's younger tareer diplomats and has been called a "human dynamo" becaver of his 20 hours ability to work up to a day. As Minister in Moxow from 1945 to 1917 he surely want to bed before 3 am, and was up ngoin on after 7 1.m.

He speaks German and French fluently at Russian reasonably well,

Sir Frank hit the world head- lines in the stonine?"

Berlin.

were

COLLEAGUES His Western colleagues then General Walter Bedull Smith, the American Ambassa- dor, and Mr Yves Chataigneau, the French Ambassador,

When Sir Frank Roberts left Moscow as Minister in the sum- mer of 1947 hoʻbecame principai Private Secretary to the late Mr Ernest Bevin, Foreign Secretary.

In

the then Labour Government.

SNOW FOR LOCOS

London, Dec. 2.

The shows of Kilimanjaro will keep Kenya's locomo. ilves, running.

#

East African Railways are planning 60-mile pipeline to CARTY, water

foothills from ilke

of Africa's highest mountain to stations on the Colony's inalu ratroad between the the capital Nairobi, and main port, Mombasa,

Borcholes In the car- desert

the Iine country erusses are beginning to dry up, and railway cll- gineers have decided on #pending £870,000 to build the pipelle fed by the film-famous snow.Lon- don Express Service.

C'wealth Students Spend £7m In Britain

London, Dec. 2. Commonwealth

students

Mr Bevin sent Sir Frank back spent £7,000,000 in Britain to Moscow the following sum when he represented Britain itmer to argue the Western, case last year in fees and main

of 1948

Booming

Aircraft Industry

London, Dec. 2. Britain's aircraft in- dustry is booming Canada.

J

in

SECTION

Page

Rubber Situation

Turning Increasingly Causing Concern In Great Britain

To

Communist Bloc

Paris, Dec. 2.

London, Dec. 2. Mr Oliver Lyttelton, the British Colonial

he Communist bloc in find new greasing HONGKONG though has said in the House of Commons that

to the to outlets to fill a gap of about 20 per cent in France's balance of trade.

The French Government gave them assistance by granting to manufacturers who export goods to the Communist bloc the same economic pri- vileges granted so far to dollar and sterling

earners.

These privileges enable manufacturersTM to get 11 rebate on taxes and social security dues for goods sold abroad. The French Finance Minister, M. Edgar Faure, rald recently that this new measure would cost the French exchequer 1,000,000,000 francs (about £1,000,000 ster- Ing) over the next twelve months.

B

SHARE MARKET

(From Our Correspondant)

Business done

fears expressed by a questioner about the effects of the situation in the Malayan rubber industry may be exaggerated it is undoubtedly causing the British Government and the Federa tion Government serious concern.

The questioner, Mr. Ston Awbery (Labour), had asked if the Government know that the production of cheap synthetic rubber in the US, together with Exchange this morning amounted natural rubber from Malayn to on the Stock the chibargo on the export of to $488,571.50. Noon quotations China und Russia, and the morning's transactions: using "a slump in the Ine

NARES BUYERS #ELLENS SALES

11 might · reduce Malaya to the condition of

(New) Wheelock XD

Bongkew

,

were

amp because of its on this one time he said. Mr Awbery

asked what plans Mr Lyttelton had for helping the trade. 161

NEW YORK

STOCK MARKET

New York, Dec. 2. High-grade industrials-feo-

Mr Lyfteflon replied that the tuned once sgain by Gineral Government of the Federation Electric-paced the stock mar- was determined to raise the ket in a vigorous advance in efficiency of the natural rubber active trading today.

The advance, the fifth session Industry

stry in order to meet any

of a rise which was interrupted fair competition from synthetis

briefly only

3.18 rubber.

1

BANKS

HK Bank

.. 1013 1025

11030 301023

Lombard

Unten XD 0000871%

GO

5040

K. Wherl Provident (Old) Provident

.....21.3021.70

12.70 12.00

12:30

B14 500

1000 **

1.00

ifted average.

for proft-taking

industrials to level since

3.30. 6.78

300

74.

8.30 rural und 74ment authority was helping

320

7

COO

163 Rubber

| 1852, regulated

27 3000 27

grading

and

rubber.

My smallholders with the prepara- Rolls 7815 tion of latex and the Malayan

hy

rx- points, Export Registration

dividend, Board, established at the cnt! of

Unioh, Paciile. The Rdjustment .for the packing.

This dividend pulled down shipment

the rail of

average three cents.

Trading was

Ulities moved up a

13.

fern

Ingging a bit, depressed drop of 1/4

in

cente

#

Reasons for the new export. Georges Bidault to prevent drive to Communist countries French exports from reaching INSURANCES were given in a report by the China as they would eventually French

Committee for the be used indirectly to further Development of International China's war effort. It was Trade, a private businessmen's alleged that

DOCKS, ETC. 75 per cent of group whose president,

Dock M. French exports to Chinn under Bernard de Plas. recently the private

commercial deal negotinted

private trade were strategic goods, agreement with Communist China.

The report pointed out that France had ali adverse trade balance with the sterling area and with her European neigh- bours. The country's export market in the United States was described in the report as "limited." "America has huge internal market which largely self-satisfying," it added.

is

The businessmen denied that strategical goods were involved, and said that the steel products only accounted for 25 per cent of thre

10,000,000,000

franes (£10,000,000 sterling).

Since M. Bidault's visit to America, all export permits to China except those for steel goods have been granted, and Chinese citizens may soon be riding the streets of Peking in the familiar green and white French buses.

OTHER ROUTES

LAND, ETC.

HK Hotel TIK 'Land

A big programme of replant-their best ave

yesterday. Ing was being put in hand. The March 30 and the general list to

Industrial develop its highest point since August

Realty XD

(X Rt.) · 1.90

Ris. UTILITIES

Tam Star Ferry 144 C. Light (Old)

XD

13.70 C. Bight (New)

On exports to China, he could XD

10.00 1000 10.80 not add to the reply given on

......

is

Electric ... 20.80

Macao

+

CHINA EXPORTS

1,850,000 shares.

netive, totaling

Investment demand appeared

600 or 10.00 November 9 by the Minister of for high-grade stocks, Improve.

20 700 7 20

200 28.90 State, Board of Trade. The ment among the blue chips

1050 k 27.10

Elec. 1015 700 10.00 export of rubber to Russia was ranged to 1% points in General Telephons 20.03 20.00 500 6 27.20 not, prohibited but was subject Electric which has had several 1000 20.0 to quantitative restrictions im-three-point Kains In recent

posed

by the British Govern- week

weeks. At its high of: $0111⁄2 ment and the Governments of the dependent cerned.

French exports to the United Fre States, the report pointed out, were largely luxury goods,

M. Paul Reynaud, the Con- which were the Arst to remain unsold or unwanted in

Vice Premier, a erists, servative The United States, the report known to favour trade in non- complained, had become Fin- | strategical goods with China as creasingly protectionist" in the a means of decreasing tension. last 18 months. Tarift barriers and the businessmen themselvs in admit that, should an embargo cases crippling: were in some

medical be imposed on French exports over 35 per cent on instruments, 50 to 70 per cent to China, these would eventually STONES, ETC. ------

China in any on watches, over 40 per cent on reach Communist

case, although at much greater textiles.

cost, via Finland or Switzerland.

review

of French export A

to Communist Agures

countries that the toward increas

"ESCAPE CLAUSE"

The "escape clause" in the in General Agreement on

Tarafs

such items as Included

silk, cables, artificial

on Berlin_with_the_men_of_the_tenance_alone. There were report came to the con-Russians provided_covlars, crab

Kremlin.

During World War two

shows Europe

Trend is generat and Trade (GATT), the official ing French exports to Bulgaria, international body with head-Poland and

Rumania, and to quarters in Geneva, did not

trade with * Increared two-way allow American diplomats meet- East Germany and the Soviet

there a free hand; they could ing

Union. Parifl only

lower only

agree. to'

French exports to the Soviet barriers on the

understanding Unien that if any hardship to Ameri-

boilers, can, manufacturers ensued, the wool and cork. In exchange the old barriers would be reimposed.

meat ond furs.-China Mail Marshali clusion that despite

Special. Ald, which fer

several years stressed the French need to er die," increased pro- This

is panounced

assistance, British Council in its 1952-53 American technical report.

French businessTÉN took con- The

exporting Biderable risks goods to the United States and could not be sure of a steady, permanent market there over

period of years.

18,000 of them in all, and The most arrived in the United Dritish press headlined him as Kingdom aboard a British "the cycling diplomat" because he cycled each day from his plane or ship. home In Kensington the

to Foreign Office.

INDIA_POST

by the derivit in France and valuable

In 1949. Sir Frank was ap-

Counell, which assists poluted Deputy High Commis overseas students on their way, port unth

sioner in India, retaining this niso reports that 304 scholarships were awarded from Its funds during the year. Its own staff met 3,007 of the students on their arrival in Britain and found accommodation for over

thousand. two

Most of these men and women came from the

his appointment in :ས Assistant Under Secretary at the Foreign Office in charge of German affairs,

Since then he has talked with the West German Chancellor, Konrad Adenauer, in Germany and it. London,

Rene.

in

GRAINS IN CHICAGO

20291

1

INDUSTRIALS

Cement. 18.00 10.00 Rope

1012

28.70 23.00

21.10 600 211

Dairy Watson

COTTONS

EWO

The Rubber

vas at

In 23 years.

and

territories con- General Electric

best

level Westinghouse

followed suit, Mr Awbery also asked the setting a new high at 352%,

If he had closing a point higher at $5214. Secretary

the report

of the Demand for the electrical equip- Group recently menta

en predictions

Rubber Study

com-

entredl

and

Textle Corp. 0.70 425 8000 4 0, met in London, and what effect their companies will achieve

it was likely to have upon the record volume in 1954: Tubb industry in

spionist Steel

motors moved territories in the near future.

narrowly. In reply, Mr Byttelton stated that he was considering the re- 598 were higher, with 38 al new Of 1,104 issues traded today, port of the management

highs, and 279 lower, with 11 mitter of the Rubber Shidy

new lows. Governments Group with the

The New York Stock Ex- rubber - producing,

volume nitaries with which he was con- change hond

was nt $3,282,000. cerned,

The American Stock Exchange volume was 400,000 shares.

Daw-Jones-closing-averages

Markets

Singapore, Dec. 2.

Jalt. 004-60

de-

industrials

282.81

£8.00

107.00

Comm. future price index

182.03

1-13 03

United Press? |

Those recommendations which The market opened better on related to synthetic rubber and some good offtake from Europe stocks-of-natural-rubber -were- and fluctuated mildly during intended to benefit producers were: the day, Prices:

or natural rubber in the near

20 TRI future. The Governments par is utilises No. 1 rubber per 10. Dec. 93-6914 ticipating in the Rubber Study 5 slocks not yet expressed 40 bonds Feb. 491-001 Group had

recom rubber per 1b. Dec. 89-5875 their views on these

mendations. It had been an- however, that the nouneed, United States Government had relaxed regulations under which

of synthetic 1150

rubber could be mode mandatory And

No.

No.

No. 4

Spot rubber unbaled Blanket crepe

No.1 pale repe

23-631

bp1-50

10-30

LONDON MARKET.

London, Dec. 2.

the

that there was to be an early review of policy affecting na-

The rubber market was quiet with No. 1 Rss spot quoted at tural rubber.

17 13/16 pence per b. Prices:

Пas spot, No. 1

1734-173

208-2071%

Seillement house terimi

in

2013-207 1913 1004-4%

Jan. 1954

271-1736

Karch

1717-18

Jan./March

Apru/June

July/Sept.

1734-10 1836-1939

Dec. 100-1303% 3001.

10115-14 Feb.

130-

EFFECT OF SLUMP

the

rubber

L

NY-London Wooltops

180, asked

160.5

10.3.5

Asked what effect the slump

Industry

New York, Dec. 2. Malaya had had upon the re- Wooltops today closed steady, planting of trees in the estates, 18-23 points higher. Pricer Mr Lyttelton Bald tha main Dec.

107. Traded March 1904 planting scaron was not yet far Maye 11236 General market, cif basis, P-173) advanced. Unill

the

returns July 1241-174 showing the number of acres Oct. 172 replanted and newly

planted Dee. 100-189 Estate crepe rubber thick unguated

Zen. roceived in the thin 103; buyers in 1053 were 154

March -United Preis, first quarter of 1954 the effect Spot

of the decline in the price of Volume rubber could not be fully sessed.

Chicago, Dec. 2. Prices por bushel in cents: So, for the last year. French

Closing Prices businessmen have been looking Wheat No. 2 red elsewhere.

Nevertheless French;

Dec. 1 Dec. 2013 ΠΟΙΠ. exports to the Communist bloc Spot

200 nom. have accounted

for only Avej Dec. 203(H)

20196-14 2014(L) colonica

trade March 1054

200 per cent of her foreign He has advised Foreign Seers-

Cuts in Government granis

six months of Khy

20015- Already, 40 companies tary Anthony Eden on policy to have affected the Council's work

over the first

July

203712-31 1853. Germany. He has also in Europe, the report declares,

Sept.

10932 have plants in Canada wards

Corn, No. 2 yellow accomparted the Foreign Store However, considerable progress

CHINA AND RUSSIA and nearly all of them (tary to North Atlantic Past was made

Spot in.

colonial

15736-46 the Council meets in Lisben and territories, chiedy in Nigeria.

Two trade agreements, with Dec.

1001-2 March 1054 are planning for expan-

and with Russia, con- May China NIGERIA

160-1 sion.

In July he went to New York

months, July In Nigeria,

Council cluded in the last six

Sept.

1543% the. Here are some of the high- with Lord Salisbury,

show the new French orienta- in self-

Ryo lights:

Foreign Secretary, for talks with provided instruction

tion.

171-1214 Dec. De Havillands Will soon the United States Secretary of government and local govern-

Franco-Chinese private March 1954 12515- frat ven- *The move from their old plant at State, Mr John Foster Duller, ment. And, making a

trade agreement; signed by a Oats

7936 In Canada to and the French Foreign Ministure into the world of sport,

the Council sent a lecturer on Chinese Communist representa- Dec.

March 1054 Bidault-China ite

. foot square

factory ter

athletics

tive of the China National Ex-Boybeans, there. (In return, the Nigerians are considering the port and Import Company, and spot.

French an M: Bernard de Plas," a formation of a Nigerian Council

their to present

own way of businessman, last June, provides Mare llic to

to Britain and the rest of

of goods bo-

Juty for an exchange the world.)

two countries Bept.

£20,000,000

Downsview 600,000 nearby.

finished a

extension

Fairey Aviation hus Just

208,000 square foot

to their Halifax,

Nova Scotia factory; they plan another building with 100,000 square feet.

Avro Canada have

recently

pals the Canadian Government

Georges

Mail Special.

Acting

Shell Tanker Company

ali

races can

broome

tween

the

•

121%

痛

NEW YORK MARKET

New York, Dez 2.

Rubber futures deday closed 10

Mr

Lyttelton

***

gives the

180.1 bld

100.1

105.0

160.4

178.2

1955

171.1 nom.

175.3 bid

197.5 nom.

400,000 pounds.

181.0 13.

176.5 asked

-United Press. -

LONDON PRICES

London, Dec. 2. The wooltops futures market following figures of bereage closed frm today" with a turn- replanted and newly planted in over of 88, leta. Closing prices |1950, 1951′ and 1952;--

794

points lower to 5 points higher 313 nom. willy sales of 19 contracts, 313-4 313-3134

were: Quietness prevalled while the 310

1950 48,818 and 5,770 acres Des. 304-304 trade awaited developments 'at

respectively

Jan, 1954 March 2601-297 the Washington meeting between

1031 57,830 and 14,803 acres Tay the General Services Administra-

1952.51,338 and 7,224 acres. July tion and trade representatives

Sept. These Agures referred to estates -sodatlen: rubber concerning the

Det. only.

no There was

specific Dec. information whether thỏ new | Fad,

March rs were quoted | acreago was Jungle brought

May pound., Futurer into

cultivation for the first 20.80 bid time, but it was thought to he

the most part on

7031- No. 2 yellow

311 nom

212-44

310-44

*20512-308 30212-14

130-160 pol New York flour, 200 lbs.

sack

$19.00 nom $13.70

---United ·Press.

130-180

Spot No. 1

at 21% cents a

Dec.

Merch 1954

May

In Kenya, Sir Ralph Richard amounting .to 20,000,000,000 Barley, son opened the Council's National francs (about Theatre at Nairobi last Septem-sterling.) London, "Dec. 2. "Shell" Lankers steaming into ber 17 million dollars for a dis-the world's all ports are to be members.

China is to provide Francs with tea, kilks, spices, and a used factory and they will

operated by

formed a newly

In Uganda, a Council centre certain amount of coal... In on an even bigger soon start

Shell Tanker was opened at the request of returns French businessmen will company, building in Montreal,

Limited.

the colony's Government.

lorrios, machine export buses, This is a fully-owned

The Council's organisation of tools, sub-

domestic electric ap- Dowty Equipment of Canada sidiary of the Anglo-Saxon the East Caribbean

Library pliances and metal products, Petroleum Company, a member Scheme with of

DOWTY EQUIPMENT-

Allrcraft

of

the help

and Wel-

Company the Royal Dutch Shell Group Colonial Devolop pleted. '

will soon add 1,500 Canadians | 20 to their payroll,

Bristol

finished building is new of oil companies which emtrois fare funds was

CARIBBEAN of the world's overhaul

about one-fifth 'plant)

total tanker tonnage."

The local Caribbean „govern-

with co-operated The new company's task will monta ba to operate the Group's cli overall Increase in grants from

Vancopand its Montreal pro-

will

duction

linc.

The reason?

mn

The French businessmen are extremely anxious to see this first commerciul doal with Coin-

US Commodity Prices

New York, Dec. 2. Commodity markets advanced munist China satisfactorily con- along with a wide front today! cluded. They say that unless with cocos, coffee, and sugar a speedy delivery of goods takes racing far in the lead. place, their place in China will

progrtment.

July

Bapt.

Dec.

31.15 bid 21.21-25 for

land

14312 14051

-United Prem,

2024 formerly under primary Cottonseed Oil

15 ble recondary Jungle,China Mall 21.30 bid -United Press. Special.

The Society of British ·Air- ) liept, It will also negotiate} £4,000 to £37,000 during the be taken by British and German Fides, tard, wool tops, was Priers closed as follows (suliders"|

creat

ones:

(1) Canada's defence policy

AMSTERDAM DIARKET.

Amsterdam, Des."2. The rubber market was iteady,

copper, burlap and Per kilogram); { shared in the rise No.1 tubber Jan. No. 3 rubber Jan. Himit daily ot one cent a pound: No, 1 erype rubber jan.

from stemmed

frådern simism of the West African

In Pakistan, the first Counelt businessmen, who are making a ribber, mined, up to nearly, the No. 1 ribber Jun...

SUCCESS.

The

big effort ta develop now.

marketa there.

DISTZASSED.

Constructors gives two contracts and charters for the year period.

parent company.

One of the immediate Jobs sponsored theatre four. is to buy North American pro-awaiting Shell Tabkers Limited is termed a great ducts since Canada might easily vessels. These will raise groups of Pakistani Civil Service They were, therefore, dis- crop prospects, just at a time

shipbuilding programme for 73 Council also sponsored two be cut off from: Britain during now

Group's Lanker war. To cash lir, British the

tonnage probationers on ale-month ad- bullders must be able to pro from 2%-million to 4 millioh ministration courses in

exclusive of

chartered

the report notes, range from naging directors of provision

dues and design

(2)

tonnego.

The Counell' " many fart Sh

of

courser

granted by the French Economic is tight

WINNIPEC GRAIN FUTURES

· Winnipeg." Deo. Prices per bushel m contat

Closing Prices Der. 1 Dec. Qata

174 paid 1.71 buyers 101 buyer 185 nom. - ---United"-PrEES.

Quẩy

tressed when export permit when the world supply situation Exchange Rates Affairs Ministry, were withheld “At Chikago, whest closed up on on for examination by the com-id:144 conta, aqybesos

Whanage Paroleum | gineering for Brazil!àn" to 'trádó”] mércial"VER or the QQUEL PETRO "up":

Trench Foreign

Winn

18

in tank, planes Canada's sales to Canada

ᎢᎳᏅ have been booming. If they arg the th' continue, customers must Company have accepted posts unionist for Warn Airleans, D'Orsay, Ministry be able to get their planes on the company's board. They And its aim is to make Britain

rng and for Na ́ocettikuled and repaired in are Mr J. W Plate, who will be the inferay 6 the free The businessmen complained to No & Nori Cahoda London Express Ser-chairman; and Sir Francia Hop world."London Express Ber that Americart diplomaistas 107 was at 105 centsUnited

arked the Foreign Minister, M.Press vice."

don Express Bervice, viceN

was morning Valet

UakdollaradNTPA) bishal sterling, note

Indonesian gulders, ap lamales per 100)

"Singapore (Biralis)

Indo-China plastros

Now York, Dec. 12. Prices of cottenscod oil folures today, clored as follows:-

March 1954

Sept.

Opt.

16.13

13.30

15.64:

11.40 bil

Prices in cents per pound.

Priven ohë të 15,1 point." Bales

| 108 contracts-United Press,

COCOANUT OIL

PANDE

New York, De

Price of copri

Hiera" Kold

mpi materiál ge- United