1955-01-07 — Page 9

it

The atmospheric distillation area, the heart of the Kwinana oil refinery, with the 20011. lower of the catalytic cracking plant out-reaching its neighbours. Australian OMela) Photograph

THE CHINA MAIL, FRIDAY, JANUARY 7, 1955,

Australia's Biggest Oil Refinery Takes Shape

By Robert Boyle

An industrial giant is stirring on the shores of Cockburn Sound, 17 miles south of Fremantle, Western Australia. Before much of 1955 is past it will awake to roaring productivity with galvanic effect on the economy of Western Australia and benefit to the nation.

This giant is the £40,000,000 Kwinana oil refinery, which is now in

an advanced stage of construction. It will produce annually about 2,800,000 tons of refined petroleum products from an intake of 3,000,000 tons of Middle East crude oil.

of

has

the

al

any

Already the refinery

The whole magnifient streich bestowe i economic largesse on of 17.000 acres forming Cock- Australia. When its total cost | burn Sound is virtually land- of £40,000,000 has been paid, lorkert. It offers splendid fall-

is estimated that about les far manoeuvring £21,000,000

have been state of the will

Lides the 28.000 spent in Australia.

and 32,000-ton Tankers Nearly

which will berth at the oll port. quarter estimated cost of £40.000.000 In the port

the construction will be represented by wages of the big Jetty is well under paid in Western Australia. The way, I will

capable of simultaneously labour force employed

ing on the accommoda

ku_dead- construction of the retinery now

the 32,000, 3,000, weight tankers of the Brillsh than more numbers

Tanker Contrary to expectations,

Company

Anglo- Iranian's shipping organisation.

10 Dia Ogure

These ships

are comparable in with oversen size

mail liners. The company operates one the largest privately-owned lunker (cels in the world,

thun

200

LO

fewer skilled tradesmen have had be brought from overseas. The permanent establishment be about 1,000.

w

The advent of such an Im- portant industry is setting off shores or Cockburn the

on

Sound an era of unprecedente? industrial expansion, Already on a site adjacent to the re finery, work is progressing on a 1.000 sheet motaj rolling £3,000. mill for

Australia's greatest Industrial concerns, Broken Hill Proprietary Limit

be

of

The approaches to Cockburn Sound are being dredged 10 accommodate these **monster** Lakers.

The Parmelia Red Success Banks, which extend almost at right angles from the ed. A £2.000.000 cement works wood between Fremantle end

опе of

Woodman Point five miles

has

the

The big percentage of fuci oll is accounted for by the fact that Fremantle is one of world's busiest bunkering ports. With all this, the plant allows varying demands for light flexiblity in necting

seasonal

nd heavy olls.

Kwinana will be an original It will not be a copy of any of the many refineries operated throughout the world by the Anglo-Iranian group since it is being developed to produce

of specific range and quality petroleum products to suit the particular market demands of the Australasian area. It is

that exaggeration to Bay Western Australia will have the the most modern refinery in world.

I

no

Altogether there will be more than 100 tanks in the refinery, of which 30 will be process tanks. The remainder will be for refined producis, excepting those for crude storage. Each of these "crudo oll tanks will 5,500.000 gallons, or rough- ly 20,000 tons a tank.

hald

Medina townsite, the nucleus is being bullt by the Cockbur auth at present block the way of a city which may in a fow Cement Pty Ltd only a

milo or to the new jetty. A Dutch

years become the biggest two away from the refinery.

dredging

the Hollandse in Western Australia outside The 3,000,000

crudo Aanneming Maatschapp). lons of

Perth, has been laid out in un to be refined yearly

aren of well-wooded, rolling sandstone ridges, about 214 miles east of the refinery. The State Government

oil

aro undertaken a £2,000,000 con- expected to meet in Australia tract with the State Govern- the requirements of The Comment to provide access, monwealth Oil Refineries Ltd, One of the Arst big con--

as well as providing bunkering struction works on the giant charge

of its planning

Look and

houses

uses for the all company within three years. Because it

all for ships and the needs of refinery site, a rubble service undertook to provide 1,000 B.P. New Zealand. The Com-jetty 600. wide, 10ft. above Refineries Ltd low water level and extending 011 monwealth now wholly owned by Anglo- 650. out into the Sound, had Iranian

Laverton to be bulit first.

operates

11

10

is not the policy of the refinery 10 create an

the "oll town" Victoria in refinery

Directly behind the jetty, but

solid houses are crected not in supplies only 120,000 tons of couple of hundred yards from block, but scattered among the

re- the beach, a casting yard was Australia's present yearly

trees which, as for as possible quirements of 5,500,000 tons of constructed to pre-cast all the

in the clearing operations, were The cessation of concrete units needed for the left standing. The other building producta.

well operations at Abadan

* sites will be taken up by people resulted permanent jetty as Insmediately in the uneconomic treating the steel piles which not connected with the refinery, transport of

the range from 40ft to 100ft from oll

11

Western Hemisphere with con- the entire cito has been en-

sequent

dollar

☆

an

expenditure.

associate

Co.

Ltd,

TRADE and

COMMERCE SECTION

Pare

SHARES AT PEAK LEVELS

Prices Advance On Hongkong Stock Exchange

By A Special Correspondent

The Hongkong Stock Exchange continued its Year advance after the Christmas and New holidays and with an apparent abundance of money for investment in the Colony, a number of shares moved to peak levels.

Yesterday, business exceeded $3,100,000 although there was no significant movement in share prices.

The main features of the new upswing in prices after Christmas

wero:

many rumours circulating about the company's intentions but until the company makes a state- ment—which I feel they should in the publle interest--I do not to propose to say anything further,

Rubber shares have done fully

• the marked rise in most utilities which sent most shares of this group their highest levels for years; the sudden spurt made by Wheelocks;

•

the continued improve ment of rubber stares;

a new improvement In price of Cement shares. The rise in utilities: Trams. Yaumatis, Lights, Electrics and Telephones all made significant advances over The period. The rises ranged from $3% in the case of Telephones and $0 In the case of Yaunable to 80 cents in Lights.

IDLE MONEY

Broker, say that the apparent abundance of idle money in the Colony has assisted the demand for sherce Proit-taking ap- poared in the market on Wednes day and again yesterday but the fractional losses were quickly wiped out sa new buyers made their bids

appears

to

The market steady at the moment and it is afficult to predict any future trend in the case of Utilities.

Hindenburg's New York

York Market

Name To Be

Replaced

Bamberg, Ravaria,

Тап. 6. The city administration here has decided to put the name of the former Reich Fresident, Field- Marthal Paul von Hinden- burg, back on the plaque In the city hall bearling this names of Bamberg's hono- rary citizens. It was re- moved on American order in 2040.

Hindenburg was made an honorary cilleen. with Elitler, In 1934. Hinden- burg appointed Hitler Reich Chancellor in 1933. --Chins Mall Special.

World

Cotton

Markets

New York, Jan, 0.

well. Their rise on the whole Cotton futures today closed on has been modest, Amalgamateds higher ground for the first time

$1.50 to $1.65 and this week. rising from Trusts from $2.80 to $2.520. They

Gains proved small and

Has Another Very Hectic Day

New York, Jan. 6.

Wall Street had another hectic day today with almost $2,000,000,000 wiped out in valuations in the most active trading session since Hitler in- vaded Poland in 1939.

Prices on the "Big Board" moved widely throughout the session. It was a day that fickers were consistently behind floor transaction. The market opened weak, but met some support just before noon. Late in the afternoon a new selling drive developed, pushing prices downward sharply. Near the close, however, some support developed and a number of issues recovered a good part of their

losses.

It was a day in Wall Street Trajanctions at their extremes with many adverse news deve- were ieported 13 minutes, be- lopments. The ently selling hind floor trading.›. was an extension of yesterday's

MAIN GROUP sharp break which was touched ITA the main of on the

group, steel Federal Reserve shares, with losses ranging to Board's edict boosting margins almost three points, made a good- to 80 per

have been following the rise in gected abated hedge selling and a 10 sent from 50 per cent | lato recovery;

the Tw material price In Singapore which was recorded yesterday as 94% Singapore centa a pound compared with 87-11/10 three weeks aga,

CEMENTS BISE

10 per cent rise.

The market, however, ceived another

Bethlehem Steel closed with a

re loss of 137 to $109.02122

liquidation rather than any con- certed

jolt at mid- buying power, dealers sald. The market opened up 1 to 3 points. New Orleans closed up 4 to, 11 points.

Mill interests, spot arms, and other trade accounts operated on both sides of the market on a limited scale.

to

They

SOS

Aircrafts met support when suggestions by session from Wasington. The President Elsenhower ampliasis- Senators J. od air power and atomic energy William Fulbright and John J. in his State of the Union

Investigate

Aircraft the Message. Sparkman

Northrop market because of the recent closed with n gain of 1 to $34.50; rise which carried the industrial others, however, falled to do well; In the case of Cements, there has been a new rise from $39%

prices to an all-time high con- but their opening losses cut on

the President's message. 2. to $42 which, by the way, 4s The outside speculative talentributed to today's selling.

The New York Stock Ex- TRANSACTIONS more than double the peak pris was too busy following stock

bond volume for 18581 The talk is rather market gyrations, and reading Transactions today were the change.

$0,300,000. should say the fervent hope President Eisenhower's message greates in 15 years.

The American Stock Exchange, the State of totalled 6,800,000 shares, the volume was 1,300,000 hores. is that the

to company may un- bonus nounce a

shortly. There

highest since Sept. 5, 1939.

DOW-JONES AVERAGE - is a suspicion in Ice House Street slow-down in textile mar yesterday's males totalled 4,840,- that the company was involved ket activity, and evidence that 000 shares, in recent land deal but there cloth buyers intend to resist any The Industrial averago today is as yet no confirmation of the mill attempts to raise

prices, with

loss of 5.35 to 391.89; the cooled recent optimism created rails down 2.25 to 140.31; utülties reports,

other arections of the by large scales of print cloths of 29 cents to 61.75; and generat market, Lands have improved and fabrics. slightly, now standing at $714 Trading volumes and open in-market average full 1.80 to

145.76. New ago Wharves are a fractior were:

Robert H. ecquired by Mr easier, while Docks and Pro-Month

Young. led the market. In vidents show a small rise.

turnover with 114,200 shares changing hands,

a

Clearly they are ripe lor profit sirpared with 387 three weeks terests in the Exchange today

مساء

taking but as long as the invest ment demand continues, prices are not likely to fall appreciably. In the case of Wheelocks these shares made

of 80 a sudden conts just before New Year when it was apparently felt that the improvement to shipping rates would lead to an increase or, ai feast, the chance of an increase in remittances to the company from Jepbr

GAS CO. BOARD Following publication of the new Board of Directors of the Hongkong end China Goa Com- yesterday's "Post" there pany in

renewed interest in the shares and there is a general belet In the market that Wheelocks will Dow manage the Cas' campsoy itself-certainly for the time There are being at any rate.

Singapore

Stock Market

Mar.

May

Bank are keyping up remark-Fuly ably well at high levels although Oct

Dec. they have fallen some $26, since

MAT. the pre-Christmas period, Unions | May have also suffered a slight des Total cline but were quoted at about' 6909 yesterday.

TODAY'S SHARE PRICES

(From Our Correspondent)

Noon quotations on the Hong- kong Stock Exchange and the morning's transactions:

SHARES BUYERS BELLERS BALES

BANKB

HIC Bank....

Uiston

• 1990

...p1091215 Underwriters 9.80

INSURANCES Singapore, Jan. 7. Brokers today quoted the following stock prices:

Jan. 6 Jan. 7 Closing Opening 32 34 33 5d

British Bomco Petro-

zeum Byndicate

rik Consolidated

Smelters, Ordinary

Šnauce

201975

Volume Open interest

49,800 540,000

50,000 -1,147,200 24.000

909,500 9.400 160,200

8,000 5,800 ....1,400

103,300 50,300

*$43,000 2,306,200 bales

NEW YORK

Dow-Jones ploding averages Woro: 30 industriala

20 hitsu

15 utiles

65 stocks

40 bendy

147.76

Comm. future price Index 17025

-Vasted

York Central, recently N.Y. STOCK

Of the 1,281 · issues

traded today, 582 stocks closed lower, 198 finished higher and 103 held at their provious class. Now 1984-85 highs' wero regis- tered by 11 stocks and nine now tered

Prices of futures closed today lows. as follows:---

Spot

Mar.

May

July

Out.

Dec.

Mar.

May

NEW ORLEANS

MARKET ENQUIRY

Washington, Jan. 0. Cheitman J. William Fulbright.

business today of the Senate Banking Com- The heavy 35.691 34.50-10 disrupted operations through-mittee said today he 34.05 cut the day.

$5.00

33.00

$5,03

25.03

39.48

Prices of futures closed today as follows:-

Bpot

Mar

May

July

Oct.

Dec.

Mar

May

World Rubber Markets

plans a commitice "study" to determine

"brakes should whether

bo

app to the booming Block

The

Arkansas Democrat seconded in the proposal by Sen. John J. Sparkman, bnother. | member of the committee.

Senator Fulbright siid the point of the inquiry would (not be to uncover "any skulldugery but to determine the economie After opening lower the mar-factors lying behind the boom 34.97-48ket. steadied on trade covering in the sinds market. Economic

34.10 74.56-57 34.80 25.04

31.01 35.N 35.20

LIVERPOOL

Cotton

American -closings, middling 15/10 inch, in pence

per Tb. were as follow

43 B10 March/April

May/June

SHIPPING

Arla Nav...

DOCKS, ETC.

Zim 64 27 d.

$1.27

K. Whart

Dock

01

400 03 1002211

$1.0

$0.00

Provimi (0) 15.00 - Wheelock ...7.40 7.00

2.40

LAND, ETC.

cloped

In an open-mesh wire fence four miles in length. A A measure of the expected minimum of clearing was done growth of the town is provided

Frmer and Noave Lid,

_Ordinary lumit vie Petroleum Re-In order to minimise the dust by the fact that wherever a re- Australasian

Fraser and Neave Lid, been built by the finery has of nuisance. Anery Lid,

15% cum. près..... $1,60 Hongkong Shanghai Construction offices had to be Anglo-Iranian organisation, the Anglo-Ironisn Oil

Bank Corporation was formed to own and oper- erected for construction staff population of the nearest town

Colonial Kegister} .: $104S and reprezentatives of Austral- has practically doubled Itself la

MASYAR

$4.02 Breweries $1.02 the refinery ate

its manager teen Peiroleum Rednery Ltd. 10 years mainly as a result of Australle, where its mangt. With the completion of

Пanies Hotel, čalú

$3.12 $4.72 numerous subsidiary in-

Singapore. the the ment is now located. Experts

$1.00 $1.00 Björuga the re- dustries attracted by and maintenches office,

Brid Bouth from England, helped consider. prccer's and

$21.25 $24.23 aurance by

dias the registered headquarters of finery. Western Australian

Straits Trading. Hisa- $24.90 $24.00 authorities,

chose the 850-acro the company has begi trung-

Anglo-Iranian, which will

Steamship........ $17.20 $17.20 Kwinana num-ferred from 'Peril to

Engileers, site of

send supplies of crude oil from United Kwinana

Other buildings completed or

· Ordináry · fasuo 813.20 – $13.20- wells in Kuwait oti the Persian wine. Brothers ber of offering throughout Aus traila. A rail link to Fremantle nearing completion include the gulf, has been most active in

lon hong T | Red Cross centre, fire miation, a is being pushed through and

ho search for new sources of Petaling rin big laboratory, an imposing existing

in Australian terri- road the

** trude dil' excellent

administrativo block and B connections will be supplement canteen and wash and change American

Lories With Australian and od by a

house. They are all of modern Iranian new. "aubbahn-typg"

formed in 1938 Aus- highway.

design; and most attractive

tralian Petroleum Co. Pty Ltd. Crudo all from the Middle appearance.

ably

over a

sito

the

$3.45 -China Mall Special.

HK Hotel... 15:30 13:30 2500 o 15.00 EK LADA *** 2016, 71 1000 @ 711

24.50 25.70 Humphreys

Really... 2:111% 216 10000 et 2.12

UTILITIES

Tram

Star Ferry Yaundi

2234 2234 1000 & 22.50 600 23.50 500 @ 23.40

141-163

10.1%

C. Light -(D) 188.00 18.20.:

C. Light (N)

18.00

July/August

| October/November

December/January

Bingapore, Jan. 6.

1. rúbber per 1b. January

March

No.

February

No. 1 rubber

No. 3. rubber

52.10

No. 4 rubber

Official valued for spot coitons in- clude:

| American middling 18/16th kich

American midalag 8.2. 14th inch 3283 Mexican middling 1-1/zna inch 29.73 Egyptian Karriak, good fully....40 SAO PAULO-

and further speculative buying experts from the investment Sollers wêre reserved. The and Government would be called market closed irregular. Future upon to give their views, he, closings:

Bald.

Senator Fulbright saidhet wants to determine whether this market w1" upset the unguoted bull

of keeping the Ib. Jou 24 "objective

economy stable, He noted that: Spot rubber`sinbaled, voya

ong of the biggest criticisms of the nation's economy in the past"" 99-200 has been thagƐit. is fubiect: 10. NEW YORK wide gyrations such as Futures closed today 99 to 1929.

The study, Senator Fulbright 115 points higher with sales of T

whether 204 contracts

said, should determine. The terminal market Ece steps should be taken to "avoid sewed over a wide range, but the extremes of 1929, United maintained an overtone of arm Press. ness in line with the London

markets

Blanket ·crupe

No. 1 pale črepe

Prices ware not available to day.

the United States, the sing Hp offeringa ||

round

were re New York Sugar

Market

In average price of 15/16 middling at 10 designated spot markets

supply and held was 34.11 cente, Bales at these ported in light sup

prices. - Fair - sized centres totalled 30,468 bales factory buying developed m United Promm.

Chicago Grain

at

ho

high

market. Reported sales.

sheets at

324

ono

***New York, Jan16. World No. 4 suger, futures/

and later at 88 cents: closed today unchanged to one point lower with sales of 27) three sheets 321⁄2 cents; Your sheets

Domestle No DE

futures

32% cents and fout contract

all March closed point higher with amborg 30 cents,

#lupment : lauded, basla, Sout

of 60 contracte.

No, 1 was quoted at 33 conia Mated dealings, between trade,

Prices

Chicago, Ján. 6. Priede ber bushel in cents:

Closing prices

Future, closings;

Mar.

July

Canada

New York, Jan. 6.

1.03%

500 20 42.25

· Bapt.

Rope STORES, ETC.

Dairy

18.70

Dades

partners, Anglo- New York Foreign

Exchange which, in recent years, has ex- East will be refined at Kwinana Nine miles of roads in the plored much of the south of and the products for Western main reinery

have boa Papua. Australia will be pipelled to laid out and constructed

thda Fremantle, the remainder being Main Roads Department of

..More shippot by Lanker to the Western Australia, forming community has received a shot. Eastern States and New Zealand definite pattern on the fat ter in the arm and has enjoyed

What effect the finding of od

greater prosperity and security oth rain.

of through the establishment so large a roinery in its terri- tory. At Kwinana, named after: a ship which drifted onto the

In commerciel the

quantities th Western the have on Kwinana Yonnery is not known.

northwe

Australia

A pipeline could be fald from

*

According to estimated market

the Ete of the nil discovery tourments, the principal pro

ona OVCCCA

| beach one stormy night in 1920 and had lain there derellet gyer -nature has provided ŘEʼa

by

Apote

Kwinana, which a distance of dusts of a yohr's rotining mashificent site on Cockburn Zondon: Korel'IX:

000 miles

The Kwinena sile was фото sidered almost perf conuried

"land,"coverači inni j

lightnet of comEAT

flet'

He 680,000 tons of motor spirit.

toms of fuel oil," || Sound", which ⠀ Warseilled 240,000 tona?. of diesel) Tolly Caplain"". Biring: the list" she "200,000 tona, of" gra:bil,-19,003|chorage on the whion

cod ́aviation Birbine 1142 för | brellas GURMUNGAN

above fusca laval and having car has TIÊN

belar

„Jurečted" which.

Les close and ammuni® capacity,

Exchange

INDUSTRIALS AN

Cement

ANDAGE SEXTRNesta arid, öcmarisalon hoween:

21.60

made up the principal actlyly in both markslą?

:31:00 *}

PURAN LONDON

The market was steady, Spot

was up Veto 2014 pença play 3,

Prices:

No. 1 spot Re

February,

-

..