1954-11-26 — Page 9

THE CHINA MAIL, FRIDAY, NOVEMBER 26, ›› 1954.

THE LIGHTS OF PROGRESS

TRADE and

COMMERCE SECTION

Like a Christmas tree solaze with light is the new Kwinana Refinery being bull near Fremanite, Western Australla. for Australian Petroleum Refinery. Limited, an associate of the Anglo-Iraulan (3) Company. This is the Catalylio Cracket Plant for the production of components for high grade motor spirit. When compleied early next year, well ahead of sche- dule, the plant will be capable of processing three million tons of crude oil annually for the Australasian markels, It will cost approximately £30~mpllion sterling and will be the ble

The first tanker, bringing crude oil from the Persian tiulf. in gest refinery in Australasia, due to berth at lite refinery's oil port in the New Year.-Reu terphoto.

Scientists Map Australia's Empty North

according to the

Melbourne, Nov. 25. Cither workers gather stocks of overseas,

melient Australian scientists,

Sipplass, spare parts. ¦ research organisation. radios, scientific equipment and jolting in snub-nosed the tons of provisions merchandi

for the mobile kitchens

An overseas geographer called the survey one of the most com ~ prehensive in the worldi

trucks and jeeps across hills and over seemingly When the survey begins, the endless

convoys set out for base camps plains, have

At present, teams are working selected

from the air photo- in the area south of the Gulf than graphs.

Other

parties work of Carpentaria in Queensland 300,000 square miles of oss country examining plants and in the Kimberley of Western

and

rocks and rolleeling other Austraila. Australia's empty Information. The map-makers half-completed Their Jask in North.

mapped

more

Sinne

they A04.

20

Th

เฟ

dla kl

רווי

EN

geographical!

Thus it fitness de todd area of England, Wales Scotland and Northen brok

Th

རྗ, other

Fulgent on the

Arnab

protects can explores, Hedis nd whom died trying to cross the

wastew which are

qurend by crawing

guided by

Iron the.

Convoys

photo-naps taken

This far crashing land survey, witch will provide a basis for possible development planning

in the emply land, is sy day and by jou geants from the Com- monwealth, West Australian and Queensland Governments,

and

Kansally transfer the miles fruith the pershometer readings by These pretentiary chart-

Shuch-batteri scientiata worte

stripped to the walsh in the tropical bluza, squar? vehicles make up sun and there

a partor similar to that of the Feet colum which

probed dering the dan

t

There

wi

They have about

Australia's north

New

Guinea, il ahnilar sanvey Is in progress But there itions are much more dit- helt and selentists have to use leuma of hative beurers to push inh pringle-clad mountains,

season,

In the thest

teams surveyed the Bunu-Kokoda area, reene of decisive battles during the New Guinea campaign. The teams will tackle another area this year.

are hundreds of A laconic sentence in an monotonous miles

tufted fufetol report gives en indicatin Mitchell grass plains of Ue of the size of the task. It says: Barkly tableland and hundreds "The survey of the whole of the more miles of bare, stony ground territories will require many where the only landmarks are

years for completion."-China

the windmills ceaselessly pump-Mail Special. ing water from artesian bares to

is carried out by teams from the keep stock alive.

Commonwealth Scientiße Industrial

tion.

anc

Research Organisa-

But north of the Barkly tableland, the country is rolling and wooded, while

round Katherine in the Northern Territory, there are grasslands

with open forests.

Fellow

scientists conducting

During the war, when the plant experimenta have grown surge of Pacific fighting reached cotton and rice in this country. almost to Australia's northern shores, it was realised here that

stretching surveyors

оп

In contrast to the dry areas, there were large blanks in the

of the area,

horseback have mapa right across the north of Aus-had to splash throughf seasonal floods in some of the constat dis-

tralia from Cape York Peninsula,tricts near Darwin. in Queensland, to the Kim- berley, in Western Australia.

Netherlands

Economy Improves

U.S. SUGAR MARKET CANADIAN

Philippines Object

To Cuban

Quota

Demands

Washington, Nov. 25.

Philippine sugar representatives joined today in widespread objection to Cuban demands of 50| per cent of the United States sugar market, an increase of an estimated 1,300,000 tons.

Opposition to Cuba's recent request to the State Department has already been expressed by Puerto Rican and other domestic producers.

In turn, the Filipinos are asking that they be restored to their prewar share of 15.4 per cent, which would give them about 200,000 tons over their present quota of about 900,000 tons.

delegations, according

Dr Jose Romero, former th Philippine Ambassador to Great qualilled sources. Britain now represending the Philippine

Association yeur. Sugor here, disclosed this position a statement to the United Press.

It became a major issue tha when for the first time since the end of the Wit Philippine production not only mel Its quota requirement with

It was learned reliably That the United States but also ex-

pressed on

The Philippine position is hemzi peete 200,000 tons surplus. Lat

production yeur.

Was about the State Depart- 100,000 tons below the 900,000- ment in the course of current ton quoti. negoliations for revision of the trade treaty between the wo countries.

SALIENT FEATURE

In fact, the sugar question is regarded by both parties as the salient feature of the talks and possibly one where there exists

wittest disagreement between

Japan-Burma Rice Negotiations

Tokyo, Nov. 25 Japan and Burma today opened talks for the conclusion of a contract for Japanese pur- chase of Burmese rice for the 1955 crop year.

1

The meeting was held of the Foreign Office here.

In his opening speech, Bo Min-aung, Burma's Minister for Public Works and Rehabilitation, pointed out his country's dependence on rice exports, and said that his delegation would give "careful consideration" to any measures which would secure a "greater rice consump- tion in Japan and a consequen- tial increase in rice imports from Burma."

the

could tre entirely

Brazilian F.E.

Mission

Rio de Janeiro, Nov.

The Commerela] elation of Rio wili se, mission

to Europe

Bow probably to the Far East to explore possible markets, The commission hse already received invita- tion from Sweden and Germany.

new

The mission would visit both Japan and China If possible. It ta estimated that Brasilian

export volume might be increased by a billion dollars within two years--United FrCES,

TODAY'S SHARE PRICES

(From Our Correspondent)

Bustiers dobe on the Hong- | kong Stock Exchange this mersing amounted to $483.197. 50. Noon quotations anti the morning's transactions;

SHARES BUTERS MELLERS SALES

BANKS

HK Bank.

Mr Romero argued that Furplus absorbed if the United Stater were to agree to return to the NEVATION existing before the Bell Trade Act of 1940 which

The one currently under INSURANCES revision. It was then that the Philippines received 15,4 per cent of total United States con- sumption.

“

WOULD BE DIM

If Cuban demands for a larger share are admitted, how- ever, Philippine expectations would indeed be dim, he initted.

lie said that the only way for Cube to bolster her quota would be to obtain

something

at the expense of all the other arças, including the Philippines,

"We don't care," he suid. "what quotas other people are | naking for provided they are not doing so at the expense of others."-United Prese,

World Rubber

Markets

Singapore, Nov. 25.

After opening casier on over- scas advices the market advanced on short covering with sellers reserved.

The trade and factories were unable to follow the advance. Future closings were:

Minister is head of The four-man Burmese delegation to the talks.

a

No. 1 rubber per ib.

Dec. Jan

Fed.

82-7/10-02-0/16 82-3/16-8-0/50 unqualed

014-EX

8012-B015

7014-7034

7555-7851⁄2

90-01

Kichito Agaical, Jupan:st Foreign Office Economic Affairs No. 1 rubber per ib.

Dec, chief, expressed hope No. 3 rubber per lb· Bureau that the talks "will ensure as Dec. similarly smooth transaction for this crop year as during the last. United Press,

LONDON WOOL. TOP MARKET

No; 4 ruboer per lb. spot rubber unhaled 12-821 Blanket credo No. 1'pale crepe ....

The

AMSTERDAM

Vinton

1070 18013

World Cotton Markets

The

Kornel, Nov. 25.

NEWSPRINT

MARKET

Montreal, Nov. 25, The Newsprint Associa tion of Canada estimated tonight that Canada would

raw cotton market was Bell 4,875,000 tons of nows- steady on rumours of Far East print to the United States business and local mill buyinz. in 1954, about 82 per cent It was understood that about of the total nowsprint pro- 2,000 bales of business was done

with Hongkong for NT roller at duced in Canada. rupees 950 per candy, F. O. B. The estimate was contained in The rumours about Red Chi-a booklet on world newsprint nese enquiry was denied by one conditions which painted an

of the leading shippers connect-optimistic, picture of growing ed with China.

Closing prices

maund were:

demand and rising production-

in rupeen per with the North American mar

kot alone taking some 6,500,000

of

newsprint this year, nt- most 2,000,000 tons more than in 1940.

4-F Red roller-ginned 289 FNT. Aind, roller-gid saw-ginned 219 PNT. Punjab, roller-gined.

w-gined

LIVERPOOL.

*eczce

220

Future closings, American middling. 15/16 inch, in pense per lb., were as follows: Dec/Jam Mor/Air

May/Jime

July/Aug

Ol/Nov

3109-31 56

142 0% 3214

Ometal valises ter ADVE cations include: American middling 18/18th moh 1233 7th Inch 2921 bex en middling 1-1/32nd inch

Others were unchanged

SAO PAULO

tona

The Newsprint Association said Canadian mills were likely

to

supply the United States with 4,850,000 to 5,000,000 tons of newsprint in 1955, approxi❤ mately the same as this year,

EUROPEAN MARKET

In reviewing the optimistic state of the newsprint industry today, the NAC sald corraunera

would 2,800,000 tone 3344

Prices of futures, in cruzeiros per kilo, closed today as follows;

Der

Mar

May

July

Ori

31.60

33.42

Europran

take about in 1954. moro than double their total in 1840,

all other nations Supplice to would reach 2,500,000 tms egnin

double the 1848 level, it said.

The Association wild, based on current estimates for 1985, world

supply productices and

would 12.000.000

12.50 exoced

22.00

3120 more thus 4,000,000 tens

-United Press.

pre-war levels.

ton", above +

It predicted production in-

ZURICH FOREIGN in 21 of the 30 countries

EXCHANGE

Zurich, Nov. 25. Closing rates of the Zurich Exchange Market were as fol- lows:

120

Lombard Underwriters

DOCKS, ETC

400

* 20

London Porta

11.47

124

K. Wharf Dock

201

100 26 Provident (0) 14.00 14.00 500 of 14.70 Wheelock XD 893 7.08 1000 7

73

Caino

11.20

Argentina

19:03

New Yorke

421

-United Pyrim.

LAND, ETC.

HK Hotel IK Land

43.20 13.40 2500 si 13,30

03

Humphreys..22.00

04 300 «9 0315

10003 23.1425, 63, 22.70. Henlly 2.10 2.15-13000 m 2.1215 UTILITIES

Tram

Star Ferry Youmali

Perry

18.70 10 150

137 140

150 157

18.00 50 v 18.70 2450 o 18.00 500 ₫ 10.00

C. Light (0) 10.3 1030 1900 và 16.70 500 20.00

C. Light (N) 13.0 1340 1200 g) 13.40 Electric

30 30 500 38

Macco Elec. 11.30 Telephone ... 29.00

INDUSTRIALS -

Comment Rope

STORES,

ETC.

Dalry X. tis

30

1000 à 36

100 29.80

33 351⁄2 2000 m 35!“ 18.20

21

prochicing newsprint outside tho Soviet bloc nations, about which litto is known.' Canada alone will contribute 43 per cent or the Increase or 240,000 tons,

Newsprint consumption gain! are expected to be widely aprend over a long list of countries, "particularly

those in Europe

where there has been such a

marked economic upsurge."— United Press.

Slight Changes In Prices On

HK Stock Exchange

From A Special Correspondent

Apart from the sharp rise in Banks to $1,890 and the rise in Wharves this week, there have been only slight changes in prices on the Hongkong 27.2010 17.00 Stock Exchange and the undertone, remained

Rin 14.20 14.00

Watson.....

L. Crawford

COTTONS

Textile Cornis `0,00 7,03 Nanyang XD 0.00

| MISCELLANEOUS

Yangleze .... DO

Alited

10

4.20.27%

quietly steady.

There was some light scale

Looking at

other utilities, profit-taking carlier but on the | Lights are holding, up well, no week prices show only fractionare Yaumatis and Telephones but Trams, under a slight cloud 2000 a 603 al changes. Brokers say that with a new ultimatum by the

Inwards remittances to the Colony appear to have tapered action",

LONDON STOCK

PRICES

London, Nov, 25. Prices closed on the London Stock Exchange today as fol-

market

steady. was Prices closed today in guilders (lows: per kilogram, CIF, Dec, as fol-War Loan. 3

Japan 0% (9%) tows:

Canadian Engia Oli No. 1 rubber

rubber

London, Nov. 25. Wool tops futures market No. 2 rubber closed very steady; near months No. were up a penny or so and dis-No, I crupe: tant months as much as 3 pence. Į Tumover was 155 contracts.

Paris, Nov. 25. The economic position, of the Netherlands hos improved to such an extent that she cat now join any general advanco divides it into toward convertibility, according per 1b.:

Closing prices were in pence

The ultimate aim of the survey In 1946. the land-survey teams is to build up a description of entered the area and began to the land which build up a pleture of large regional classifications of dis- to a survey published today by Dec.

tracts

of

almost

uninhabited tricts with similar climate, soll the Organisation for, European country which now takes the land geological

characteristics.

Jan,

Mar.

form of maps, statistics and Those areas are described and Economic Co-operation (OEBC), May scores of photographs.

Into

Scientists, specialists in many fields of work, Joined land- Aurvay parties to look problems of geology, soils and climate.

mapped.

July

Sept.

☆

"To a very large extent dis- crimination egeinst dellar imports has already beer abandoned and The progresa of exports, sug- gests that Netherlands goods

Oct.

May

From the information avail- und services are highly com

with those of other In both the dollar countries and non-dollar areas," 120

to five months of able, it is then possible to petitive For threo

the relentlets each year,

and estimate the possibilities for the field development in the different re- Surveyora work in obtaining data and taking read glons. Ings. For the remaining period, they return to their offices to digost the mass of information they discover.

The scientists carry out the survey like a military operation

Government

A survey says. Areas in which there is n recognisable, recurring pattern It adds that of soils, vegetation and surface polley has successfully met the

arc termed "Jand features systems,"

15-127

-12724 $12734

£90 11/10

0吋

235 buyers Associated Manganese Mines 43/0 2.34 buyer Hammony Gold Mining

Dominion ~Reels............... B/-

39/455 2.30 buyer Presdent Brand Goldmining. 73/ JB1_buyurs United Press.

LONDON TIN MARKET

London, Nov. 25.

The Un market was steady.

Anglo-American Corp. 8.

Africa

8/136

New Union Goldfields De Boe Commollidated

Miner

117/0 Bhodostan Anglo-American WA Rhodettur Broken Hill... 12/3

United Press,

union threatening

0

"thirei

slipped back

very

off and buyers appear to be slightly. By the close of the moro selective..

afternoon call, however, they

had recovered 30 cents to The wharves rise, for in- $18.50. stance; brokers believe at the

Cements seem to be allpping moment, this share is attractive as a long-term investment; but $35, 50 cents down on the day

back-the closing prico

Wag

an

dividend,

Brokers

| there 13 no suggestion that and buyers were calling $34

buyers are anticipating Increased

in the afternoon. Dairy Farms point out that if trade improves at $26.80, are steady on the between Hongkong and Mweek,

the mainland the shares are bound.

to rise. Depending on how much

¡

izx

Wheelocks are a little easier

of the pro-Korean war trade on the week with shares chang the Colony regalns, some people Ice House Street think the shares may go as high as $150. So

It's a

share worth silting on, in their view.

BANKS 'CLIMB UP

Banks climbed up better rates prevalling in Lon-

Friday and although they have slipped 10/ since, they holding stendy at £105.

hands for $7. Their balance beet has been issued and it. shows a profit of $3,707,120 for the your to which is added a balance of $2,425,630 broug forward from last year. ends plus bonus take up $3. million, leaving $3,132,750 to be carried forward. Their annual mooling was held this morning

back pago,

on

the

12014-11 Spot, was down 1 palm to £725 London Foreigndon. They moved Up 23a and a full report appears on the

and three-months tell 14

to

#4*1224] £710, Turnover was 45 tons

-126

-12414 United Prom.

LONDON LEAD AND ZING

of which 15 tons werg for cash.

Exchange

In the afternoon, the merke:] was quiet.' Spot and three New York

Montreal months were bolh marked down Amsterdam

14 aterling to £721% and Bruja £714 Turnover was 10 tons Copenhagen lof which none were for cash.

Poria Stockholm

London, Nov. 25.

2.781-2-10-15/1 2.70-1/16-2.70 10.605-10/81 330.47-139.00

19.4374-1945

Closing prices at the end of Othen were unchanged. the unofficial afternoon session Sterling war again under were as follows (in sterling per pressure but at 1.16 p.m., when Loador, Nov. 20, long lon):

at had reached the above rate, The copper market was entier.}",

the authorities Intervened, and Turnover totalled 450

Spot, buyers of

put a floor under it, at that, 116% point-Unites Prove,

זי.

The leed and - xine markets

--United · Presa,

LONDON PEPPER Exchange Rates

Within these, the two main. requirements of Dutch (which 25 tons were for month, buyers are subdivisions called "land economic policy ensuring that Before the teams enter the unity and, where man's occupa Netherlands goods rúmain fully fleto, generals" plot routes from, tion has made its presence felt, competitive abroad wallo ex- were standy. Prices closed today air Photographs, which often it is also possible to divide the pansion of internal activity is in sterling btw long ton at the provide the only basis for regions into "and-use groups, promoted. The objectives and of the unmeat someon, in navigation across country which

the afforhoohy as follows! The survey

has mapped bo have to be filled, as the Nether= || tween 20 ad 40 land systoms and lands is highly depen between 5 and 10 land-use foreign trade while at the same, Meanwhile, in remoto, parts groupsvita

tino ka worki of the north, mechanics and drivers prepare the heavy breny-. These new concepts of Innial | expa type vehicles pood fra tho survey. I survey" havé, proused inter

has low, if any, farderiarks in hundreds of miles.

MARKET

aro

LANDS HOLDING UP

Docks and Providents are steady on the week,

tho

Electrics announced this week that they intend to offer-with shareholders' approval the not In the Land section: Inconsiderable sum of 38 million rumours of cos amalgamation or to Olbb Livingston for relin Humphreys and": Hongkong quishment of the agreement Lands corned strenuous denials under, which they were appoint by the companies" concerned. od General Agorits of Hongkong Nevertheless the", shares ́ ́aro Electrics. The shares rose about holding up with Laniel 3084

cents on the strength of this 78 announcement.c

40 cents better on the wock, and Humphreys are up about 40

cents.

The company claims that the "Eash payment will not enusoja

Rubber: Amalgamated hadʻz Lärky je

"on" ity) real bun, day),on: Mõnday undur, #train

when sotirces, That may be so, but: 120,000 shares changed hunde, Ice; House Sirpet wonders what Raw material prices in Singa= the chancer are nowthat an porn moyed about slightly and

been hoped

the company would Chai frecat | Day Storm, medelynar. Brokers

poke to yes

more they abrobably,

lity did not

the

better

Trusts the Papink from, 4L80 Amalgamated calmed

Higher i

the week