1958-01-22 — Page 9

.

SHIPPING

GAS TURBINE SHIP'S SUCCESS

1

GEL TANKERS CHANGES

London.

Mr E. A. E. Nichola-Roth, Managing Director and consultant engineer

of

com-

Now York. The

converted United States Liberty ship, John Sergeant, which has now been operating with Gel Tankers, has an-

nounced that the turbine propulsion gas unit for over a year, has pany intends to make a been giving an outstand- public issue in Britain ing performance.

next February of £4.3 million in Ordinary and debenture convertible stock.

Mr J. J. McMullen, president

the Hudson Engineering Company and formerly Chief of the Offre of Ship Construc- tion and Repair in the United States Maritime Administration, said: "It

predicted while

the gas turbine Is golog to climinate all other 25 forms of propulsion, about per cent of the dry cargo ships utilsing more than 7,000 sh.p. ordered in the United States during the next Ave years will be gos turbine propeliqu."

the

un

that

Defore the lesue is made, Gel Tanker will change its name to

Tankers Associated

AL present Gcl that. Terminals.

subsidiaries tot Tankers and its

hove na ships in operation. Mr Nichols Raih sald

worth of loans US$36-million had been negotinted or are to be negotiated in the United States vessels secured on individual for which time-charter contracta with major oil and chemlerl Interent of companies exist,

16 per cent on those loans havi been agreed, he rhid.

The Johus Sergeant formų piri of a four ship experiment by United States Maritime Administration. Two Liberty

An additional £1.8 million of ships have been Rited with deferred Ordinary Sharea would conventional steam turbine and be created to

represent "take- diesel

whils propulsion

in

over consideration in exchange order to investigate the p-

Ior issued shuro caphel of Kibility

the rel of increasing:

companies evning speed of the 1500 Liberty terminal facilities in Britain vessels in the reserve fleet In Lubject to Treasury approval." case of national emergency. Mr Nichole-Roih Faid that application would be made to SECOND PART

the London Stock Exchange for quotation und permission to The reemel part of the experi deal in the proposed issue. This ment which Includes the John application would be based un a Sergeant endi znother, Liberly | 15° years trading forecast. fitted with a free-piston Aus calculated on the profits expect- generatur - turbine planted from long-term time charter

and contracts nimed al developing

with agreed advanced types of companies. improve propulsion plants for The associated componies of The

International new ships of the Ualled Gel Tankers are States merchant marine to be Tankers (Bahamas), a wholly built during the next decade. owned subsidiary and Chemient On the John Sergeant, na Tankers (Babumos), which will

be one-heir Swiss-owned. with two of the other Liberty

International ships, a new bow has been add

lines forward ed giving Ener

an increase of 25 feet (8 and matres) in length.

at ca

The gas turbine unit was de- sped for a normal power rat- Ing

s.b.p. with a of 6,000 maximum rating of 0,000 shp, 80 degrees Fahrenheit ambient temperature. One of the outstanding advantages horne out by the sea trials, the maiden voyage is the overload copacity of the unit.

The engine 7,500 Ep. Jaching the

Cutout

|

oil

THE CHINA MAIL, WEDNESDAY, JANUARY 22, 1958.

TRADE

and

The British

A Big Job Ahead

For Its Salesmen

By Sydney Gampell

London, Jan. 21.

COMMERCE SECTION

Steel Industry

HONGKONG The New York Stock Market

STOCK EXCHANGE

With the weakening in both the home and the export market, the British stoel industry does not expect to selling amounted in approxi- all of the 23 million tons that it malety $257,000. could produce in 1958.

It

Our Own Correspondent Business done on the Hong- y41; Stock Exchange this

Noon quota- tions and the morning's trans-

tions were: Klares Byers BelleTA Saltk

is not suffering any such severe letdown as hass

12 Tank

Union

overtaken the United States and some Con-INSURANCES tinental countries. But, for the first time

since before the war, its salesmen will have to do a selling job and will hardly sell all that the mills could make.

mbard***** celek wor

SHIPPING

DOCKS, ETC.

Duck... Pruvit

If the expected drop in home demand can be offset

by a further increase in nett exports, total l sales in 1958 will hold at the 1957 level of just a Land under 22 million tons (and would statistically ty

53. show as a little higher because 1958 is a week year for the U.K. industry).

Steel is of this

SME

*3

*

6.40 6.30 1.499 0.45

10.20 16.30

15.40

New York, Jan. 21.

Stocks tended lower in routine trading early today. There was little of news value as traders held New York Central, whose to the sidelines. directors omitted the dividend after the close of the market yesterday, reacted with a be lated 7,000-share opening at $14%, off then came back slightly.

Other rats were fractionally, Sinclair Oil

nenny Mobile lewer as a rule,"

Folar Aircraft American Telephone, up Barths Puerto Rico Sugar sharply yesterday on abritage Southem Co. (The) operations Involving the rights Southem National Ge

Southern Tallway (Com.) to its convertible debenture Standard Branda Issue,

boki at $170%, up 3 cx-rights. The rights traded at 15711.02. unchanged.

Royal Dutch, in a similar Sterling Drug Co. 1030 situation, rose % 10 $30 ex- Stokely-Vart Camp.

Studebaker-Packard Corp. 10 righis while the rights traded

12.20 12.4

€26 12.30

IN

11.30 13.00

LAND, ETT

100

33 3314

1.000

1 1%, up 1,32.

133

3,000 1.35

1.23 1.39 1.39 1.23

in an otherwise

group.

24 20 24.30 $4.50 10 1010 10.00

2,000 24.50

Bunuhreys RUBBER Amois. Trost UTILITIES Tram Youmati C. Flight

Rope

Lukens fell close to 2 points

narrow

Marvin on or Col

Standard Oil of Ind.

Blandard On of NJ, Steep flock (Toronto Exge.)

Sunshine Mining

BW & Co.

and

NEW YORK COTTON MARKET

-DJ

New York, Jan. 21, Reactionary tendencios

turned to cotton today affor a

one-day inter ruption. Old crop delivorios fed to a retreat up to 1.30 a bale before the market levelled off."

Closing pilees ruled off 3 to 20 points. The market opened 1013- changed to oft ft points. Now Oricana cloned ninc points lower.

Easiness in nearbys reflected

some

increased bedge sellin

of which credited to Memphia and other trade accounts, anul prompted in part by the con- inued slow situation in iextiles.

A low-down In the export domand for raw cotton helped to put a chill an new buying in- 49erest. Some quarters viewed the 4813

export outlook with uncertainty 21% in view of the large sales pre- viously made out of the govern- 36ment surplus stock.

New crop months held rela- 45tively quiet and steady. Opera- 30 Lions

10

מיד

כר

there are curtailed op traders awalted Washington dc- (velopments on farm legislation

the ginning report scheduled for Thursday. Some traders expect

a relatively small total in view Goof £avourable

weather con

241 ditione existing recently for processing remnant of the 1857

11

744

1⁄2 or any other new incentives, Interest also turned

toward

3311

Техия Со

Textrem Inc.

6

12

steel

Tide Water Ausn, Oil

22%

Twentieth Century Fax Fin Union Carbide_..

Union Oil of Cal

4231

Union Pacific Railway

20 0315

crop.

United Gas Coru.

TD

2016

201

Bendix was off a pakut

E-Cell-O 10t in the arts. over 2. On the other hand, Du 2018.0 Pont rose nearly

and a point 103100 America - Hawaiian Steamship 2. Panhandle Eastern Pipe Line lost close to a point In

2200 16.90

300 gained

16.02

2.12214.00

2020.31 1,001 # 24.10

27 142 4 2080

24.40 24 20 14.00 14.30 30.63 12.10 12.20

All the main industrial coun- New capacity in 1958, of more than one million tons, would ties have more goods to sell, then be represented by with white, the import markets are in

shrinking, drawal or idling of an equat danger rinoun! of absolete capacity, metely na illustration

Fisctric The exports, If they can be sold general condition.

All the steer)-making cout Telephone at all in what his become a

INDUSTRIALS worldwide buyers market, willies have been enlarging their carent not bring the premiums that capacity, many of them faster

Import demand STORES ETC. were so helpful to profits hi the than Brituln. departed sellers market of re- Is overshadowed by the uncer-Dairy

Watson lain business cent years.

outlook in the L. Craw. The UK. Industry has been U.S.. the serious degree of Tankers

adding about 1.1 million ton a underworking in the U.S. steel COTTONS dead-year to its capacity, and it plans industry, and the weatness of Texine

Nattsand to go on doing so. Up to 1850 world commodity prices.

Fully two-fths of Britain's MISCELLANEOUS there was at over demand. In

War and a large INVESTMENTS of steel, 1937, however, capacity of 22.4 exports million

tons fourd a demand proportion of her exports of Vaugiate

engineering products and other Singala for only 21.7 million tons.

steel-using goods, go to coun- tries which are affected by the commodity slump.

(Bahamas) holds building con- tracts for three 08,000 weight tons tankers-one to be Japan and the other bulli in

In the Udevalla yard in two Sweden. will be delivered in

The first, bullding in Japan, December, 1959, and has been placed on 16

years' time charter to Tas Fuel (Standard Company

Vacuum Oil Company), of Japan

The second

Wunder ship Is firm offer" and will be delivered in mid-1900, and the third is still being negollated for [1 similar 15 years' ime charler, with delivery in early 1001.

ever full

compressor of 8,000 r.p.m. At the normal power of 0,000 Chemical Tankers (Bahamas) hp., the ship made a speed on is negotiating its first bullding trils of 17.31 krots and fuel contract with a German ship consumption

August using bunker Cyard for delivery next faci

0.0228 pounds per

1,700 deadweight tons of a vessel, which is on "firm offer shaft horse-power hour.

to a major chemical group."

WAR

UN VOTES SUEZ SURCHARGE

New York.

Mr Nichola-Rulh estimates th a 68,000-ton tanker on a

SPECTACULAR

That was 1.1 million more There thus no asurance them in 1950- but all of this in- that a drop in home sales can be crease in output, and all of the offset by a further rise in ex- ports. There is some danger 0.4 million tons freed by a slowing of home stock ac- that weakening world markets cumulation, went into u spec- may aggravate the decline tucular rise in nett exports, U.K.; business activity at home. consumption was slightly down. China Mail Special

During the boom the U.K. industry had the cushion of high-cost imports and restraint of exports. Much of this cushion was used up in 1937. Imports were halve, from 1.8 milljon lons to 0.9 million.

Exports rove from 3.3 million

US BANKS CUT

4.50

4.00

20

10.40

0.40

1,50

700 24.00

On 14.30 512.10 1.000 1.20 250 14.10 3091

1.303 8.40

NEW YORK RUBBER MARKET

New York, Jan. 21. Rex rubber futures closed 85 to 70 points lower with sales of 50 tracts.

the utiles.

United Aircraft

U.S. Poll "B"

U.S. Gypsum

U.S. Line Co.

U.B. Hubber

U.S. Emelting

Exchange

Volume totalled today on the

York Stock New 2,100,000 shares.

Of a total 1,144 issues traded, 546 were higher, 352 lower, 246 unchanged,

New York Stock Exchange bend volume was $5,550,000,

American Stockt Exchange volume was 510,000 shares.

Dow-Jones closing averages

were;

30 Industrials

20 ralla

$40.04 101.63

U.S. Bleel Warner Bros, Westinghouse

retrie Western Union Tel. Co. West Va. Pulp & Paper Woolworth

The certificated stock TC- maited 25.173 bules.

NEW YORK

Prices of collon futures closed

23 today as follows:

Spot: 36.27n; Mar: 33.14; MASH! Falk 13.30 July: 33.29; Oct; 34.67-09: Dea: 360, Mar, Ming': unqucted; July: 33, 45.

03

1011

40%

-United Pres

New York Sugar Market

New York, Jan. 21. 38.41 World No. 4 sugar futures)

closed today 7 to 9 points

15 utilities

71.65

63 klock

151.00

40

bonds

Comm. future price index

138.10

Closing Prices

Aldest Inc. Key,

1712

70

Ine.

20%

Allied Chemigála Allied Mit

Adis Chalmers

Am Brake Shoe American Airline Anerican Cable & Radio

Corp.

American Cyanamid Co Am. Gas Firetrie

Aner, & Forgn. Power

Am. Mach. & Pdry con- | American Metal

Jan., 21.05: Mar. 28:00; May, 27.13; July, 2720 Sept., 27.25 Nov, 27.35; Jon, 27.29.

Standard rubber contract closed

to about 4 million, the highest LOAN RATE 35 to 70 points lower will no

than doubled, from 1.5 million 1056 1 3.1 million in tong in 1057.

15 years' Uime charter since 1923. Neti exports more contract with a major oil com- pany would be able to earn a Eruss gun of over $34 million. This compared with a probable cost of the ship of about $12 inillion.

STATISTICS

The United Nations General

Assembly has endorsed a} plan for a 3 per cent sur; | LAUNCHING charge on all Suez Canal traffic to repay the $8.4 million ($3 million) cost of clearing the waterway of obstructions after last year's conflict. It ap proved a four-Power reso- i Intion to this effect by 54 votes to none, with 19 abstentions.

British shipplet have

of the cost of clearance.

Newcastle.

Last year's launchings by North-east Coast ship building yards will total 77 merchant ships, aggre gating 642.183 gross tone,

in according

returns insued by the various builders.

1

record for now

Coupled with a slurp cut in pig-iron imports, the national balance of payments benefited by 258 million, lustrating the eftee of disintiation at home al

lime when there were some good markets abroad

HOME DEMAND

!

Washington, Jan. 21.

sales

Jan Ported.

Mar. 20.00; May. 27.13; July, 20: Sept., 27.23; Nov. 27.23; JAB, 27.95. The Fedorat Reserve Bank in Ring frater ebvering steadied Philadelphia will cut the prices at the close, but the list still showed a good-sized net discount rate on loans to oss at the finish. Etsler trend Commercial banks from reflected the mure reserved at three to 24 per centi titude of factory buyers and beginning tomorrow, the lower cables. Federal Reservo

Brokers reported moderate to fair"

shipment quantities announced today.

rubber available from Thailand The other 11 Federal Reserve Banks are expected to go along Singapore, but at prices too

high to interest with the cut shortly.

Today's netion was the third Shot No. 1 Res was quoted at in a series of moves by Board

stimulate

to

Board

of

American Sinelting Amerkan Tel & Tel American TO "J" Anaconda Copper Annco Steel Armour

Com, Mining

Baltimore & Ohio Beneficial Finance Bendix Aviation Corp.

Baidiwies-Luna-Ham

Benguet Cona,

Bethlehem Steel Boeing Airplane_... Borden (The) Co. Burroughs Add Machine Cantabell Snap Co.

higher with sales of 320 contracts.

Domestic No, 6 sugar futures closed two points higher to one point lower with sales of 208 contracts,

Buying in world contracts re- flected the firm raw situation and reports of heavy rains in Cuba have Interrupted erop operations.

Other accounts suggested Rua iti x-tsla might enter the market soon

80% for additional sugar supplies. 40% Contract No. 4 (world)

34

35%

1331 Mar.

May

1th July

Open interest: 8,167 contracts.

Mar.

July

NEW ORLEANS

Prices of cotton futures

closed today as follows:

Bpat: 34.00; Mar: 15.00: May! 35,30: July: 33.50; Det: 34.47; Dec: 34.52: 2nr: 36.54: 3tay: 34,241 July:

LIVERPOOL

in

Cutton future closing, pence per lb. were as follows:

O contract

July/Aug

Мат./Арт.

May/Juge

Oct/Nov

Dec/Jan.

Mar/Apre

New contract

May/June

July/Aug.

Oct/Nov

Dec/Just

SAO PAULO

25.03 28.00

Ва

20.50

2205

27.40

27 51

27.01

Cution future closings, in cruzeiros per kilo were in fol- lows:

July! 4218) Oet. Dee! unqustad, In the United States, the average price of one inch cotton at 14 designated spot markets

was 34.03 cents.

Total sales were 49,553 hales. 3.75-United Press.

Bept 19% Mar Oct.

May

19/10

Spot-teenis per

Contract No, & (domestic)

5.00

May

Sept.

Núv

Celanese Corp.

C. I. T. Finapetal Corp. Chrysler Motor Cheti Peabody

Canadian Pacille R. Case (1.1) Co. Cat, Tractor

gate-Palmolive Co. Culombles Carbon Cu. Commercial Credit local buyers. Consolidated Eison

Continental Oil of Del.

the 20 cents,

SINGAPORE

crown Zellerbach

Cuban Ainter, Sugar Diarmund Athali

inmond Match Ca

Douglas" Alpenalt

Home demand in 1558 will be affected by the recent restrictive mensures which tall particularly 612 steel-using investment; may fall by 5 per cent or more

net enfe credk than one million tons.

business activity The market opened slightly will be made good by

The industry hopes that this during the current recession. | higher on overseas advices but Dow Cirnienia

Jurther The

discount rate cut was ensed on liquidation en uneen-Dupont de Nem cuts in impoi le and by raising taken as a sign that conditions firmed reports release on ships trn Airline exports to above the 1937 post-in money

and credit markets held by war record. It intends to cut have continued to case since meal. its own imports of seils, and the extreme tightness of 1937.

Lower

4

"

Indonesian

LONDON

govern-

er the plan-put forward by Mr. Hammarskjöld, United

grade interest was Nations Secretary General -

I U.K. customers have worked Last November the Donra selective and on the small side, which provides for a surcharge

This is only 8,754 tons short off their commitments for in- lowerest the discount rate from though sellers were not press- to be paid into a speciat United

of last year's post-war record ports of Anished steel.

3 to three per cent in a sud-ing. Futuros; Nations account by all shipping

On the other hand, if the den reversal of its tight money No. 1 rubber per tb, Feb. 7

Mor, 4-1 and trade using the Canal, output of 640,937 tons. But for

molor industry continues. 10 townge dispute on

polley

Last week the Board No. 2 rubber por 15. Feb. 751-764 interests will the recent

boom I may

124 123 have to importcut the required minimum cash No. 1

70-71 to pay about 40 per cent the Wear preventing a further

No. some 100,000 launch from a Sunderland yard,

tons of sheet down payment on stockpar Spot, rubber isboted

7734-7723 05-70% Plates and motor sheets are the chases from 70 per cent to 80 Blanket prefie two main lines in which home

No. pale erepe

03-05 demand still presses on capacity. per cent,--United Press.

In most other lines, particu. timplate and housing larly material; there is some surplus capacity. Moreover, consumers' stocks are highs," and likely to be worked down. A jump of no less than 21 per cent in sales of Unplate In 1957 failed to keep pace with the concentrat- ed expansion in now Integrated tinplate capacity.

post-war The United Nations fund will production would have been co be used to reimburse the 11ablished. countries which contributed to

the elen ance under United Nalons direction.

Considering the upsels of the three-werk shipyard strike during March and Aprit and focal disputes, s In recommending the plan, Mr other lesser Hammarskjoeld estimated that well as continued difficulties

would take the relmbursement

over steel supplies, the result is antisfactory by about three years based on the regarded as current level of Canal traffic. shipbuilders.

The resolution was tabled by Brazil, Persia,

end Thailand.

the Philippines The Tyne had the top output of the district by launching 30 Vessels of 242,080 gross toris

It was noted that Britain and which was only 3,870 tons be

Its best post-war produc- France had lightened the task low of the United Nations solvage tion of 240,550 tons achieved teams by providing salvage last year, crews of their own who worked under United Nations supervi-

Elon..

Mr Jamer Wadsworth, of the United States, said the surcharge

MOLLER SHIP

Now York, Jan. 21.

ADVANTAGE

Pasemon Kadak

Tao National Chan Partly Flance Cup, Firestone Tyre & Rubber Ford Motor General Electric

General Foods General Motors Gen. Pub. Util.

Getty Oil

Glidden Ce

Goodrich (B. F.) C. Goodyear Tyre

Gulf Oil

siten Newport Corp. Homestako Mining Co. Ingersoll-Rand

The rubber market was barely Inland Steel Co.

LONDON STOCK steady with spot at 22 15/16 per

MARKET

Prices: No. 1 apot ........ 211%-21-

Settlement house terin:"

2214-23

| Mar.

Apr/June July/Sept.

OM/Der.

2316-931)

21-1-211 2311-21

General markets, eif basis, ports:

London, Jan. 21, The stock market closed Je

Feb. mixed today In dull irading that Mar. developed no significant trends, Eitale ereps thin Feb.

Musk Feb. Gilt-edged securities drifted

AMSTERDAM Jower.

In both the home and export

Industriais generated apme market the UK. Industry has interest

particularly

can

in

the

the advantage of relatively low tobaccus, chemicals and textile costs and solling prices. These leader but gains were trimmed

bo variously ascribed to fractions at the clase. to Chelent modern plant, gen-

Shail Transport and British erally good management and la-Potroleum

generally paced a bour relationss, sterling's

Drm all sector. maining undervaluation "against German lens werkched. in an the doline and most other cur- otherwise quiet foreign market.

Dollar stocks improved

The Moller Steamship Com-reneles except the

West Ger

was th fairext method of paying for the clearance of the Canal because it meant only a small pany of Denmark will put its a mark, Betain's arbitrary their premium eneca 4 to 84 individual charge to each of the new cargo vessel, the Ioust pricing of coal

Canal user.

"It places the burden of Ananelay upon those who have boon the primary beneficiaries of the clearance of the Canal, bomuld

and scrap

Macra, on its New York to (which is criticised in compet-percent-United Press.

Far East Service, It was on- Inounced today.

ing

and certain countries) structural features of the Br- tish economic system.

Exchange Rates

EX-23

The rubber market was- easy.

Interchemical Corp. Int'l Business Machines Int'l Harvester ... International Nichot International Paper In Tel Tel John-Manvilio Co. Kansas C. Power Kennecatt Copper

Liggott Meyers Tob, Co. Inekheed Atrezart

Loews Incerti, **** Lone Biar Cement Co. Lowenstein & Sons McDonnell Aircraft (A

Buck Ext.) Membi Iron Corp.

Miación. Development,

Annesota Mining

Montgainery Ward

Prices closed teday in guilders Per kilogram, elf February usato Chemical Co. Zollows:

No. 1 rubber No. rubber No. 3 rubber No. 1 crepe

2.23 buyers Motorola ise.

220 buyer National Cash Beg, “A” 2.12 buyers National Dary Prod. 241 buyers National Leaḍ za

Steel Corp. piled Prei

London Foreign Exchange

London, Jan. 21.

221-7/10-2011 unbuata

Closing rates were:: Montreal

Copenhagen

Frankfurt

The 12,500-ton vessel, the Export markets have becomb Dunden wer done in the focal New York fifth of Moller's new series of amenit for all would-be sup- ubomer exchange ingrkets this

sall

morning, at the following rates cargo ship, whi

and are likely to get . doller (per (1) on pliers, February 4 for Hongkong, tougher for at least the next perling nubes (per, chị Mr A. A. Sabolov, of the Yokohama, Nagoya, Kobe, few months. The world trade Australan notes (per R1200 Soviet Union, said his country | Osaka, Kootung, and other cycle is in ita Brat'real' down-Indonesian rupiah (per 100)

Biam tioni (per 100)... could not support the resolution." Azian ports-United Prows. trend since before the wILT.

| Bingapore (štrekla)

10 ST frato 12.09 Paris. 12.00 Riockholm

27.70 Zurich

Other ho

339.00-190.00

試

Nostolic & Western Ny. Olin Matheson otta Elevators Owen-nos les oxford Piper 10. Pacino Clos de Elba. Fan Asmoricans, darwion Paramount Pictures Parke Davis Co. Penny 3., C. Co. Fern, MA Co. Filip Morr

Proctor. & Slambio, Co. Pliteburgh Plate Cliam Publiciter Industries Pure Di

Hadio Corporalfors

Hapulic dieci

jeynolds Mirizi

Bace, toracht, de Cth

Shefi On Co.

Prem, sint Deg. Papre

Spot-icente per 1b, cit NY

ax-duty)

Open interest: 2,020 contracte United Press.

New York Foreign Exchange

New York, Jan, 21.

Closing rates were:

6.60 England oficial

5.77 Argentinan

6.10

2,91-0/15

.0373 Brazil and others all unguated.— Unlied Prest.

3.70 NAMESAKES

Answers:-1

Applause. 2

Acting, 3 Entertaina, 4 Theatre,

Agreed Merchant Rates 5 Conture, 5 Scenery, 7 Circle, 18 Drury, 0 Admirers, 10 Boards, Canadian $: Maximum selling | 11 Voice, 12 Dialogue, 13 17: Minimum buying 474 T/T;| Castlèg, 14 Stage. 17-5/18 0/D.

Sir Henry Irving.

SHIP

BENOLINE

Let

US handle

YOUR PRINTING

"

Too many proofs mean time wasted.

We grasp the point at the onset and

ONE PROOF

sufficcs. generally After that, our up-to-date automatic

prosses make short work of the job.

Lot us quote for your Current

requirements.

SOUTH CHINA MORNING POST..

PRINTING DEPT.

For printing of every description Telephone: 20002.