1954-03-24 — Page 9

China Mail 德臣西報 中國郵報 All

This picture shows an operator checking the valves on one of the main pipe tracks

(A Shell Photograph). at the new Shell refinery at Geelong, Australia

This New

£10 Refinery Is

Million

The Biggest In Australia

THE CHINA MAIL, WEDNESDAY, MARCH 24, 1954,

Last Thursday, the Governor General of Australia. Field Marshal Sir William Slim opened the new EA 10 million Shell It is the first of refinery at Geelong, near Melbourne, Victoria. the new Australian refineries to come on stream under the oil industry's post-war building programme.

With a capacity of about 1 million tons a year, Geelong is the biggest refinery in Australia. Together with the existing refinery at Clyde, Shell will now have a total refinery capacity of about 2 million tons a year in Australia.

The crude oil to be refined at Geelong will come from the Middle East and the Seria oilfield of British Borneo, both virtually 100. ster- ling sources of supply.

The

Ceremony

afflelals 11:11CH marked the urbed and semi-detached houses; Visiting tegçles

who have seen this hostel des- first stage of the ronstuction of with two to three bedrooms,

cribed it as "effering the best the Lelinery which, when

that we lo Wonkers faculties completed, will make it the most

have yet seen' modern in Australia

"The

and administration amenities blocks in the refinery been built of reinforccti have ennerete and brick and designed The ament- in a madern style.

been nes black hats with changing roums.

a few

the pr The next stage in grube is the construction of a catalytic erucking unut, work un which 14 to hogar week. Thi

thue for pletion about the middle of next year and will have nake your capacity of about 650,000 tons a It will have the effect of Year

12) 1 converting envy

fractions

BELT

la motor spirit thus making

Important contribution Australia's requirements of this Cominodity.

To bring the crude oil into the refinery. which is about Ave mies to the north of the city on the lure of Corle Bay, the Geelong Harbour Trust buaid- ing a half-mile long jette which will be able to accommodate :

ceon-going tankers of up t

18.000 d.w. tons

simultaneously from

and will

built being

both ends

be completed next two or three months.

it

The housing estate, which can, If necesstrs, accommodale 150 be complete with houses, will

emerities. up-to-dute

Shopping anluchtun

small Morts oval for centre and a

football, cricket Australian

suntable fo a vinalles wound

tennis curts and kaming pael Marcommodate

provided showers.

and three glass-enclosed dining rooms capable of seating a lotni single men well equipped modern hostel, of 230 people. Sun-porches are consisting

of ten blocks was also provided

relax. LA 220,000, staff can

built at a cost of

where

off-duty

New Observatory Plan For South Africa

The Hague, Mar. 23.

six European from

Leading astronomers

the countries decided at a meeting at Leiden to seek

In addition to the erade die tillation unit, ancillary

ment

power

equip

funds to build a £1,250,000 observatory in South Africa.

TRADE and COMMERCE SECTION

JAPAN CUTTING BRITISH CAR

IMPORTS

Sterling Shortage Blamed

GERMAN COMPETITION

GROWING

STRONGER

Japanese Government

Tokyo, Mar. 23.

cuts in currency available for foreign cars is intensifying com- petition between agents for German and British manufactured vehicles.

His "System"

Far East to Benefit

Came Good America Sends Abroad

Barcelona, Mar. 23.

Don Juan Comas won Spain's biggest ever food- hall pools prizo of 3,102,704 pessías (£28,200 sterling) thanks to an extensive file on plubs, players, arounds → and referees' idiosyncrasies.

Велог Comas, an surance clerk, claipied he had worked systematically on these fles which had brought him in "several small wins slready. in- cluding one for 470.000 pesetas (£4,000 sterling),

He filed in "handreds" of lines al two pesetar (fourpence) each. every wook.

He is a fourth year ex- ternal undergraduste of law at Barcelona Univer- sity.---China Mail Special.

year, Fords from NEW YORK

With poor highways and crowded cities, Japan has been turning increasingly to the small Euro- pean and British makes of motorcar to solve her transport problems. Last Dagenham, Vauxhalls, Austins, Morris, Triumphs and other cars of British make were scen in Tokyo in ever increasing numbers.

Now, Volkswagens, Opels, Hansa-Borgwards, Taunus, and Mercedes cars from Germany; Renaults, Fiats Citroens, Simcas and Peugeots from France; and from Italy are showing up on the streets, though most appear as taxis, because the big taxi companies are given favoured-customer treatment by the sales agencies,

Sweden

13

duties and x will reduce

the

The

merc

said

after

an

STOCK

MARKET

$172 Million In Surplus Food Products

Washington, Mar. 23.

Eleven countries have received or been promised more than 172 million dollars' worth of American surplus food and farm products since last July 1, officials of the Foreign Operations Administration have disclosed. These surplus commodities are direct grants under the United States Mutual Security Programme.

millions of Estimates totalling many more dollars for other allocations made after December 31 are not yet available.

In addition, the United States Grants under the mutual has allocated 757,200 tons of security programping werd wheat for the famine rellef In coliars):

Iin

Agia., Latin-America, Africa and Britain-frozen beef 17,250,- the Middle East Reculving this |000; tobacco 20,000,000; dried ald were: Pakistan 700,000 tons; prunes 5,000,000; lund 8,000,000; Bolivia 45,000 tons; Libyn 2,200 cottonseed oil 11,000,000. tons; and Jordan 10,000 tons.

South Korea received 623,000 dollars worth of barley through the Korean reconstruction pro- granime.

Meat, bread grains, fats and

New York, Mar. 23. A late wave of realising oils, dairy products and dried put the stock market vegetables and fruits, to a total its worst shake-value of 14,062,000 dollars, were through out in a month on increased sent for the relier of civilians

In East Germany. activity today.

Market commentators said the selling developed when traders decided to take profits in the mainstay of the market

pient sessions.

In

too. represented

spokesman

that with some samples of the Saab, enough parts would be imported

The

ears to enable Japanese factories to lurger Americur

during assemble 7,200 cars, Importa- which became popular

Aircraft stocks were the the occupation of Japan, are tion of completed cars would be

tim the injority, Although limited to "cover whatever de-feature of the markel all day...

there this year Japan's budget proficiency

standing out among the leaders be may

during

early irregularity, but Kramme suggests that high imports of cars in parts.'

Crities state that Government pacing the decline just before

the close. eesh available for Detroit pro- plans to cut imports do not dirrels,

far enough. They argue that as Government "miss- Jian is in the

of midst Japanese

pluns terity budget"

together economic crisis, "luxury L-

should be cul t< with a shortage of sterling have ports" resulted in a cul in the number Ţininimum.

Turnover for the day vi Cabinet Ministers, senler Gov- of cars

from imported being

shares

the Tiritub. West Germany

industrial 181,000 and ernment officials and

heaviest since March 1

and the United States. Britain | lenders are often criticised for compared with 1,800,000 shares makers are the most adversely buying frequently the Iniest

yesterday. affected because of Japan's low model.

Out of a total of 1,207 issues Some Japanese have suggested stering

traded. 710 closed lower, 233 A Japanese Trade Ministry that car imports should be stop-

There

80 higher.

new spokesman said. "Japan's ster-pect

But the Jap highs, only two new lows. vmpletely. Hop

continues to unese industry's production

Curtiss-Wright

was active diminish, but she has a surplus target for 1954 is 8,500 curs,

leader for the second day, her cleating account with less then half the demand;

blocks ranging to 21,000 shares. West

"Therefore Many manufacturers have an- Germany

It closed unchanged at 9%. Cermin car manufacturers orenounced that they intend to use t

Republic, Glenn but Lockheed, methods in on advantageous position," he mass-production

they

are hampered in

Consolidated Vultee, their Martin, said.

Grumman

active also. development plans by high pro- IMPORTS REDUCED

points During the fiscal year 1953-54 duction costs and lack of capital. They closed to 1

lower. the Trade Ministry allocated a-China Mail Special. total of 18,131.700 dollars to car Importers.

In

WCFC

reserves

bulansee

In

1

or

Germany Seeks

More Trade

With Red China

were

were

HONGKONG

STOCK EXCHANGE

West 2,000,000,

Germany Soybeans tobacco 60,000,000; cotton 3,000,000,

Norway-bread grainn, 045,- 000: maize 030,000; fats and oll 1,325,000.

Formosa (Nationalist China)—– barley 2,000,000; brend grains 7,206,000; fats and oils 4.132,000. Finland tobacco 3,000,000: cotton 2,000,000 (Finland સંકષ

the not participate in

Mutual Detence Programme but may buy surplus commodities with

her own currency),

Yugoslavia-bread grains, 6, 050,000; cotton 3,200,000; lard 2,100,000,

Brach-groundnuts 1,035,000. Japan-wheat 50,000,000. Netherlands - bread 0,500,000.

grains

Greece-fats and oils 197,000; meat 888,000: dried vegetables 02.000.

Spain cotton 4,040,000,

(From Our Correspondent)

Business on the Stock Ex- change this morning amounted to $846,519.50. Noon quotations China Mall Special. and the morning's dealings:- RHARES DUYKRS SELLERS RALES BANKS

TIK Bank... 169 1700

65 1663

10 1700 51700

NOTICE

The following advertisement has appeared in United Kingdom

$3400 361 | papers;—

East Asia INBURANCES

ότι

Union

170

800

Underwriters 7.20

Lombard

SHIPPING

Asta Nav

1.15

DOCKS, ETC Hongkew Dock XD Provident 10)

XD B'hal Dock Wheelock

10.40

7 D

H DOO

7.5

100

7.00

4000

7.03

5000 pe 8

Losses in the ralls ranged to nedrly 2 points in Rock Island and Southern Railway.

Losses In the oils ranged to 4 points

ita lo Amerada, 2% Seaboard 2

ail in Shell,

| high-priced issues, Texas Com-

my fell 14. pany

The NY Stock Exchange bond volume was $3,270,000.

American The

change shares.

Stock

Ex-

volume was 540,000

Dow Jones

4000 *** 1.43

3000 8

| MINISTRY OF TRANSPORT AND CIVIL”AVIA', ION

1.

SHIP FOR SALE

The Ministry of Transport and Civil Aviation invites offers

for the purchase from him of the undermentioned ship "as 7.03 vin

at Hong Kong after 7.15 lying"

removal of certain Naval equip- 928ment and stores. If purchasta

for

2000

B

200

500+

LAND, ETC.

HK Hote!

9.10 p.20 2006

300

1000

9.30

0,20

..00

1.49

IK Land

S'hai Land

scrap, certain other equip ment wifi not be included in 18.00 the sale and will be removed 000 2000 before delivery to purchaser.

Humphreys 18.00 18.00 1000

Realty closing averages UTILITIES

Tram XD

290.02

100.81

$0.29

13.17

100,90

178.43

United Press,

Of the total, 3,930,- 000 dollars went to importers of British cars, 2.607,000 dollars to und importers of German ears,

7,000,000 dollars to im about porters of American cars.

According to the Trade Minis- allocations for British cars try

reduced by approximately were 44 per

for the rent

October. 1953-March

1934 period. During the same period, allocations for "

Communist China must be German curs were reduced by

made into "a good export field". cent. approximately 7 per

were: During the

40 industrials Auril-September tor West Germany, according to 1953 perled.

dallars German Transport Minister, Dr 20 Talla 2,500,000

Christoph Seebohm, a 15 ties cre allocated to Importers of Hans

63 stocks Bonn report states. British cars 1.500.000 dollars to

40 bonds To 700 members of Hamburg's Comm, future price index importers of derman cars. the October-March 1954 perlod, wealthy East Asia Club Dr 1.436.100 dollars were allocated Scebohm said: "I do not think L107,000 we have played our last cord in for British cars And dollars for Gen

the Fur East. Germun cars.

"We Germans are old friends; The Ministry spokesman said

But we thut German

the peoples there. manufacturers or

much es must go along with new ideas were not affected to director of the

nover trying to dominate For years, astronomers have from Belgium,

the British during the October- and

Singapore, Mar. 23. of Belgium; observatory in the Royal Observatory

March period because Japan them.

The market opened steady on wanted an

"German ships are once again southern hemisphere comparable Professor. A. Dunjon of FranSE,

"had a better payment position

Red trade demand but eased later with West Germany than with being allowed to load at

and selling Chinese to the best in the north. Owing director of the Paris Observatory,

proft-taking and ports

keep on we the sterlinge area." to the curvature of the earth, it who was accompanied by Dr A.

fighting to Inercose our export from Federation centres. Future to Couder, an astronomer from the is difficult, if not impossible. to

"In addition, Japun

closings were: cbserve and study certain parts Paris Observatory and an expert

trade agreement with West Ger-effort telescope technique;

More freighters would soon be No. 1 rubber per ib. Apt 393-06 many Dut only R payments

May 557-304% from Redman

the

June B-Bo Mcunt fessor

sterling launched and, added Dr See- with agreement

bohm, he hoped Germen Federal No. 2 rubber pr ib. Apetii - ΟΙ of Cambridge

Nu, area."

4475-0434 D. Observatory; Professors

funds would be made available "NOT FAR ENOUGH"

No. 4 Lindblad. K. Lundmark and

During 1953 - 54, currency to help shipping onterprises. thus a big gap to K. G. Malmquist front Sweden,

allocations were made for and the existing directors

the Stockholm,

import of approximately 10,000 telescopes

Lund and Uppsala observatories hemisphere

80 respectively; and two Dutch pro- to Professur ext year the tankage only part of the way to meet fessors in addition

consist: fat 21 electric A survey team of experts is expected to go to the station, pump stations Union this year to choose a site on which to build the ethyl-blending plant.

first major telescope in the southern hemisphere— probably a 120-inch instrument, second in size only to the giant 200-inch telescope at Mount Palomar, California.

and an

The power station generales enough electricity by means of its steam turbine driven alter- nator sets to make the refinery

outside independent of of supply. Fresh water for the obtained botlers is

from the publie water supply system and cooling water is pumped from

the sea.

sources

Underground Pipeline

There

of the universe from the Call-on R

fornian

observatorles:

are over 30 storage Palomar, Mount Wilson, and the Britain, director tanks at present in the refinery, new Lick Observatory. some for receiving crude oil and

athers for storing refined pro-

ducts. Their overall

is more than

"caletac,000 tons

completel

the

will

tanks

capacity be

There is Alled, smaller

When southern

complex 15

of some 60 storage consist

with a total capacity of about 400,000 tons.

which

in

the

сал

of

Pro-

the need.

Oort.

A Dutch scientist, Mr J. it. Bannier, said matters

A "Blind Spot"

were

They all agreed on the m

Installation at

at Newport, a suburb Bloemfontein,, for Anancial and observation.

Melbourne

of the

The whole has been

cars.

has

the

Because of the "austerity New York Sugar

by

Mr planned budget"

the Yoshida's Government, number of cars imported during Oscal 1054-55 is not expected to exceed 8,000.

Market

New York, Mar, 23.

Market

New York, Mar. 23. World No. 4 sugar futures to day closed 1 point higher to 1

Singapore Rubber Market

Snot rubber tabaled Blanket crepe

11

631-3456

55-837 50.2011

No. 1 pale crepe ........ 63-8415 United Press. NEW YORK MARKET

New York, Mar. 23. Rubber futures today closed with 25 to 40 points lower sides of 37 contracts.

Scattered Iquidation,

plus

point lower with sales of 158,hedge selling ond, the slow de-

#wand

for spot rubber were price-shaping factors.

500 6 18.00 2.10 2.15 1000 or 219

29.10 500 20 200 59

2. Offers for this ship will be considered from any person and should be mado in writing to the Secretary, Ministry of 23:00 Transport and Civil Aviation, 200 20.30 Roon 4017, Berkeley Square

1000+ 20 500 20

300

C. Light (0) 14.90 10.00 2000

C. Light (N) 13.40 13.80

Electric

... 31

12

16.99 House, London, W.i. Envelopes 500 + 10.00 1000 16.00 should be clearly marked "offer 500 10.90 to purchase" and should reach 300. 10.30 the Ministry on or before 16th 1000+ 10.80

500

16.30 April, 1054.

00 13.00

800 13,90

200 m 32

3.

"MAINE" IN. Hospital

$2.2'. 500 1

1000 or 33

100 32

20.70 500 4 20,00

1000 13.00 Ship of about 7515 G.R.T, 4205 192 13.90 N.R.T. Length 429.3'. Breadth

Built 1925 by Ansaldo, San Georgio, Engines by Ansaldo, Sampierdarenn., stoum turbines D.R. geared to 2 shafts. 4 watertube bollers 27.00 and 2 single boilers. H.P. 5500, 1000 77.00 Max. Seagoing speed 13 knots,

27.90 500 6 27.80

Telephons INDUSTRIALS'

Cernent

17.70 13 STORES, ETC."

Dalry ..... 27.00 27.80 1000

L. Crawford,

19.30 19

1.00

200

100

300

27,90

37.00

Ship is under the care of

the Commodore-in-Chorge, Hong

200 or 27.90: Kong, to whom applitions to

27.80 inspect should be addressed,

1800 27,70.

12020 7.60

-4. Further

particulars and ca 250 copies of the form of purchase agreement can be oblaktied from the Ministry of Transport and The Civil Aviation, Room 4018, at 7.10 the above address. (Telephono

9404. No. Mayfair

Watson

...At

500

COTTONS

Textile Corp. 1.60 7% 300 500 3000-

20

73%

MISCELLANEOUS

Yangtze

500

6.00

Yaumatt

4000

0.00 2330).

140

Allied

Invest

50 133

Extension

will not Minister 4.10 1500 4.0733 accept responsibility for any

1000

4.06

0. The

omissions errors or

in tho particulars and description of

has been done in No. 1 sheets, London Foreign the ship or for any information

June arrival at 20 cents; No. Rss spot were quoted at 204 cents a pound. Future closings

Exchange

London, Mar, 23.

which the person submitting an offer may have obtained from any person whomsoever,

6. The Minister does not bind

London foreign exchange 10-himself to accept any offer fór

were:

in

MAY

20.10

July

20.08

Sept.

20.09

Dec.

20,10

day closed as follows:-

March

20.10

New York

3.8156.3.81 9/10

May

70.10

Montreal

United Pron.

Amsterdam

10,8435-10.0436

Brumais

340.10-139.1211

LONDON MARKET

Preducts leaving the refinery brought to a head when Harvard i will travel either by son or by University stated its intention

the road, or through a 36 mile long of

Domestle No. 6 sugar futures portance of building a teles New York Cotton contracts. relinquishing its own in the southern hemisphere in

In the spot market dealers underground pipeline

clored unchanged to 2 points

con- reported a four-sized business delivers to the Company's main observatory in South Africa, the all the comparative "bilad spot"

lower with sales of 240 Boyden Observatory, near

In present day astronomical

tructs,

World futures, trading ruled ore | other reasons.

Feeling that A 200 - Inch Jength

pipeline

be unneces-

Now crop deliverles led cottonquist and steady while traders wrapped in a special type of Tho Directur of Leiden instrument would

futures into lower ground after awaited developments in the raw woven glass Abre-a rovolu-

market." a mixed start today. Vol Observatory, Professor Jan Oort, sarily powerful and expensive, the 120-Inch size, they chose

Scattered Ulquidailonz and one of the world's leading tionary technique in Australie.

similar

News of light to moderato to the telescope now

'offset Night this It is intended to

in the drought-ridden domestic futures to pump both astronomers, heard about

completion for the Lick rains there petrol and diesel oll through the and folt

southwest put a damper an trade covering. Dealers and the was a chancervatory in California.

Interest and Deck He com-

buying

tas Strike

virtualy missed.. pipe, avoiding inter-mixing by not to be

recent This

One great advantage of this with prominent choice

brought unloading of raw sugar careful pressure control.

was that the United promoted realising.

the around

day's to a halt at: New York, Closing astronomerS technique of handling two dismunicated

abroad, and as a

The agreed to make States in direct result

a preliminary meeting designs

Future closings: similar refined ells

lowest levels the list was off 11 of this ultra-modem

Opening prices Contract No. 4 (world) contact with each other-is on- took place

to 28 points.: last

instrument

of available free

were up 3 to off 6 points. Now My other first in Australia. The summer, followed by a more REUTE

July 13 to 14 pipeline's delivery capacity of formal meeting at the end of th

Orleans closed off

September chote

Afrien South

October 23,600

polata. gallons of motor spirit January.

because atmospheric conditions

Trading volumes and openCnuary an hour is more than double the

March: there are considered excellent rate in The six countries represented for observation better, present consumption

Interesis in the Exchange today for

May. JUY Melboume... The pipeline self were West Germany,

were: Belgium instance, than in Australls and Month Volume

Spot-(cents per Ib. fob Cuba) Britain, France, Sweden and the because of the cost RA 500,000.

May posalbulity.

Contracs, 'No B 238.500 About a mile to the west of Netherlands.

July.

1,100 the refinery

10.10 using the Boyden halte, But the Company is developing a housing estate for Delegates were Professors O. they preferred not to commit members of the statt Forty Heckmann and A. Unsould from themselves to this site until they the had sent : exparta to survay houses have already been built Germany, directors of and further Go are in the course Hamburg and Kiel observatories other possible areas. – Chinia of construction. These are de- respective Dr P, Bourgeold Mall Special,

In

Leiden

Yo

get Bea

Open

Interest

751,400

Copenhagen Orlo ¡London; Mar, 28,

was i Pari

Stockholm

The rubber market quietly steady with No. 1. Ras Zurich

spot quoted at 18-7/10 pence. Frices:

No. 1: Ras spotted 1094+1846 Settlement house torm:RAN

20%-101

May

luptember.

March

apotafolita per lui dit

April

purchasó and his decision in 2.73 1/16-27394 any case must be accepted as

Anal.

10.41-194145.

-20.00-20.004;

06177-003. 14.05.04 12744-12.247 -United Press.

Exchange Rates

A. W. WOOD.

Signed by authority of the Minister of Transport -ána Civil Aviation at Berkeley Square House, London, W., *this 3rd day of March, 1954.

In Hong Kong further particu Turá and coples of the form of Business was done, in the local 'purchase agreement may be '301-1436 | ungmelal

exchange market is this obtained from the Sea Transport morning al- the following ventestan

Once of the Commodordă

Bierling note (per 21S Indonesian rupiah" (per 100) 210-6/13). Singapore "(Biraitor TR KRES

• Pross, Inda-China plastres (por, 2003)

#49 Forces Hongzona. «(25cien * NO. 241XI, extrusion, 218).

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