1959-05-26 — Page 9

Page

·

ATION

POOR PROSPECTS FOR JAPANESE SHIPBUILDING

THE

HE brief flurry of shipping orders which faiset! the hopes of Japanese shipbuilding yards at the end of last year is not likely to be repeated in the near future, according to Japanese Transports tion Ministry officials.

The Ministry has officially

sinted that prospects for the Eisenhower Gets A

shipbuilding

during industry

1950 ore "poor.“,

The continued recession

in

the International shipping in- dustry has caused foreign or-

ders for Japanese-built vessels

Plane That Glows

PREHO

to decline, a Ministry spokes-jet airplane wi'l provide him

mon added.

NO ORDERS

Transportation

were

received

by

comfort, con- with every venience and safety factor Ministry that American aircraft en figures show that no orders gineers could devise.

gight Japanese The 600-mile-an-hour

curtains

latest the systems, four (euch with u thrust thun 10,000), Indi-, life-ratis, and life-

yards in Jarnusry.

(THE CHINA MAIL,. TUESDAY, MAY 26, 1959.

No Concrete HONGKONG Proposals On Small Colonies

STOCK EXCHANGE

Dur Own Compan

Wall Street Late Sinking Spell

Street Suffers

New York, May 25,

Stocks suffered a late sinking spell which pared gains throughout the list

and gave the market a somewhat mixed appearance,

Soho key issues managed to fin) Not Cay Bank Buxher's done on the Hong-weather The tale selling and Ford stolor bo, of Cana..

hold on to mdel of their earlier Ford Motor Kong Stock Exchange this morn- ing amounted to approximately gain. $874,000, Noon quotations and the mofitling's träfiškellons:

skates zatyāká Bellars Balek

By AN ECONOMIC CORRESPONDENT

London, May 25. Under an unemotional heading "Smaller

Colonial Territórios (Future Status)" the AS politicians at Westminster have boen discussing one of the trickier economic INSURANCES problems Britain has to face.

They were talking about 80-territories might achieve a true

territorial

units ad-internal self-government and so

odd"

ministered by Britalis which are cut to a respectable minimum

Joceely elps

18 kink - 89TIS 80$

PAS KE Lombard,

SLIPPING

Waterbom

Whewlock

拉醬 "non- their drpericence on metro- DOCKS, ETC, viable that are incapable so politar power.

K. What s

far DA can be immediately foreseen-dt making their way

on Independent states,

Political Aspects

product

of

the

20150

B00

72 74

50

6.500

61000

1000

5.90

Lock

4

could well be Provident, Also there

a courte cases where much would result eventually In

to sufficient viability complete independence,

11.30 1.80 1500 24

Merit LAND, ETC.

BK Hotel 37,80

Land. 3314

Band Humphreys 18.03 15.89 3000 in 15,79 Really...

1.03 1.023 8005 2 1.813 QUEER Amalg

* 200 61 07,50

255

1360 A 2.475 11.000 or 25

same

Trust, an

A. Tuwah

Sungals.

UTILITIES

1000 331

2.35 21% 20,000 Er

3.10

2.10

Tram 2011 28.00

棍 103

115

Any optimist who looked for

Those who take this problem congrele propostila ás ar end seriously are fully aware that DRESIDENT Elsenhower's

Parliament's attracting investment to such

is no easy silver-and-orange deliberations was disappointed. territories

matter. For this House" did he mbes And it can be expected that the than agree wthout division that British Government,

I desirable fot Her determining a "positive policy," Majesty's Government to evolve will have to legislate for this, a positive policy for those possibly by introducing smaller territories ...

form of insurance for investors

them agnirat star Terry to prolect

Your natt.. discrimina- nationalleation or

C. Light 18.20 18.20 tory, taxation. Tax-free holidays will also Arms for inverting have to be examined,

Whatever course is determined the whole problem

nord- of

demand viable territories will

and much administrative as

as Britain has conomile skill

Lo use in ever been called on her Imperial history. London Express Service,

in radar

as

Naturally endligh debate concerned itself largely In Fobrubry, Japon received warning

with political aspects of the orders for

vessels turbines three

problem. Bot In the anat eregating 27,500 tons while in of more

khalykla the problemi an March, foreign orders amounted vidual

economic, che.” A peddle can' to two vessel totalling 16,000 vests.

be as politically

Aware, tons.

administratively

capable ORANGE TIPS for The outlook

Japanese

kny other, bit-the world The tall and wingtips are yards has been further dam-

ing what it is — it they don't fluorescent orunge pened by the decision of the painted

have hard cash to pay their The visibility. tofor maximum Transportation Ministry

would be nothing way, Il 144 long, and teatriel Japanese shipping llaes aircraft is

short of immorat to cut them buliding vessela vulside Gov-130ft. 10ins. from wingtip to

adrift an independent ernment subsidised shipbuilding wingtip.

#

There are communications can maintain which Local shipowners had been facilities

with Washington from trying to persuade the Ministry contact to grant permission for them any part of the globe. to let orders while prices were In the President's nuity are at their present low levein,

two tables flanked by chutes, But the Government, in co- Beside the President's chair

the which calls operation with the Development a telephone, Bank of Japan, said that ship ping concernIN would only add

13

50

Hypothetically of course, there could exist a people imbued with desire for in- dependence that they were pre- pared to drift out of the world's elbhomle mainstream, living a for the barebones existence suko of th abstract.

Exchange Rates

Electric 27.70 $7.00 4320

17.10

Macao E,

Telephone 25.00 10

18.30

INDUSTRIALS

Cement .. 3211 33

100 G 5500

1300 07

STOLES, ETC.

*

Dedry 1.10.2010.49

Watson

Lane, Ch. 1180 COTTONS

Textiles..

BH ANEXUS

Vibro

The ralls Anished the session dria Brat tible With that aver: agu at its beat sinco carly August 1958. General Motors was under pressure near the close and its loss was extend: ed to drotura a polit.

There were some good guinis its the main liat, especially in the drug group.

Bristol Myers was strong on favourable Wall Street commest, At its high this issue was up more than four points. Ameri- can Home Products ran up more than six at lls best in the drugs and Vick was up points before running profit-taking.

Telophones

American Telephone

were strong. Chemicals

eight

into

gains running to around a point

or more in Du Pont and Union Carbide.

Cobrila Pacific Cleneral Dynamles General Electric Generel TOUR

General Motors

on. Pub. Üll

Gen. Tyre & Rubber City Oil anddan Co.

Goodrich (B. F.) €6. Goodyear Tyio-1, Grumman Ateraft

Gulf out Hammond Organ

teyden Newport Corp. Homestara Muning Co.

Blueman Merce

Idaho Power

Intperial Oil Ingersoll-turid

Inland Steel Co

Injetchemical Corp.

It mustness Machiner Int Harvester...

International Nickel

International Paper

John Manville Co.

Kaber dusity ...

Kimberly Cink ..

The

Peraatiount Pictures

c.co. Pinay, J. Pann. Hall Co.

$10. Davis Co.

65 PRIUS Morris

68

Pay Bowes

604 Procter & Gamble Co.

| Piltsburgh Plate Glass

50% | Publicker indulthier

Puie Oll

#2

Radio Corporation

24 Ridio Corp. Pret.

471 | Raytheon,

9014 | Kríubļie Střel

118

60

10

40

| Sicyolda Meisi

Royal Bank of Canada

Beira. Roebuck & Co.

Shell Oil Co.

tesy Sintes

Įsire fog. Pape {Schenley Inc.

*Scott Paper

43

Sineiskol

Smith, Cline & Frážk

1025 secony Mobil Oil

47

| Beier "Alretati

341⁄2 South Puerto Rico Sugar $12

Southern Co. (The)

44% | Southern National GH 9216 | Routhern Railway (Coin.) 117) Jalandars Drands

40%

Standred of of Cal. 551&tarded Cil of Ind 13% tenderit Oil of N.J.

Rock Toronto Exge.)

BEP fiere Deus Cu

*14

Ciloksty-Vis Comp.

Sjone, & Webster Studebaker Packard

Kanzas C. Power "&" Light"

Issues Kenecott Copper

had

Liggeti, Meyers Tob. Co.

|

Me Tulp p

Lockheed Aircraft

Loews Incorp.

2212

Lone

Star Cement Co,

33TL

183

47!

40%

Chrysler was a soft spot in the autos and most of the ells were 'frasonally lower,

General Time was Up more than three at its best in the electronics and IBM run more than nine at its high.

Today's volume was 3,260,000 thares.

Of a total 1,232 shares troded, 382 were higher and 643 lower.

American

Exchange volume

was 1,010,000 shares.

Bonds volume amounted $0,720,000.

Closing Prices

Abfühl Pwe. Papar

Alden ine. Aty.

Algona Steel Lumi.

Allied Chemicals Alled Mille Ine. Allle Chamets

Am. Brake Shoe

Airline

Amarien

Cable

Corp. ......

American Cyanank

Iladio

Co.

Amer, Paran, Power

100

17.33

3.0 8.10 1000 a 8.30 8.70

503

... 13.10 13.20

150

13.10

400

13.10

375 13.10

INVESTMENTS Int. Invest.

5.00

• 1000 a

5.25

300

0.85

ASTI.

1000

5.55

Am. Mach. Fars

Al

1.81

1.K. & F.E.

Lavest,

4% 4.40

.co

1000 A

4.30

Ani, Natural CN

Tel

Burner was done

local In the unomelat exchange Market This morning at the following rates:-.. 5.73 B. dollars (per

15.95 Sterling notes (per 41)

noica per él... 12.51 Tupiali per 100) B.30 Siam ileals (per 100) Singapore (Stats)

I would nesan·

pilot; attendants, or communic-not, however. be unduly cynical tions operator.

to doubt the existence of such philosophical paragons.

to their already massive debi TWO SAFES by undertaking building pro- grammes at the present time.

As a result, shipping lines will be permitted to order ships out- side the Government-sponsored programmes only on two con- ditions:-

The contract prices are low and

There is firm evidence

that tits construction of

the ships will cause na hitch

Opposite the President are o radio and tape recorder, and a the other end of the conipart- ment stand two solny which convert into double beds,

Carpeting the colour of golden wheat covers the floor, a lux- and the upholstery is lured fabrle in light blue and belge.

whatsoever in the repayment London-Toronto Rights

of outstanding Ivana.

According to the Transporta-

in Canuda Bone may now tion Ministry, Japon wou foreignNDER an agreement signed orders for 38 new ships during By trans-Atlantic services from the fireal year 1958-60 (which London to Toronto in addition ended March 31). The. 38 to their services to Montreal. enables The agreement also worth Tran-Canada

Airlines to carry passengers between London and

versels, 783,233

which amouniqu

tons were

$188,200,000.

10

As in previous yours, tankers certain points in Europe. The accounted for the bulk of agreement comes intu effect on foreign orders, segregating 19 March 1, 1000. vessels and 382,843 tons 74

per cent, of the gross tonnage

ordered

by foreign buyers

duting the year.

SHARP DECLINE

The export figure for the year was far in excess of what the industry had expected the hud larget for export orders

beer sel at 500,000 tons -- but was primarily due to u sharp decline in steel prices during August, and September.

In these two months, orders placed from abroad amounted to - 440,000 tons, Moal of this

ondage was ordered by Gitek. warts.

The Urget set for the 1959-60- fiscal year is 700,000 tons--but experts in both the industry, and the Government

gloomy about the prospects of reaching this figure.

are

Yesterday's Closing

Assuming ther; that all those the have non-viable people same social ambitions

as the rest of us, the hard fact remains that if they can't pay their own way, their way will have to be paid for them. And that incans that it will have to be paid by Britain,

LONDON CLOSES IRREGULARLY

London, May 25.

Merit Independence Prices on the stock market closed irregularly

comic reasons

aport it's

unprofitable 10 expeel that

by

unadorned

or

higher today.

Motors,

and

were mixed with

were im- werd him.

electrical Olls electronics Lobitos dull on its quarterly

Britain will full this obligation the advance. Sicct and several moderate

Industrials continued to pace Gold stocks were higher In trading. Coppers haaderuts grants-In-sid. Such a dute is sa engineering shares

self-proved. morale supping as to be defeating. Nor in practice con it equipment. be on a scale to give say Cambla shares were firm

standards

Gilt-edged securities ran into

· ឆ. the same social

persistent #mall selling and Glasgow,

The only other obvious course urished lower.

improved. is the application of develop-

in The

Dollar stocks

ment aid and investment. This Greek bonds eased

non-viable foreign bonds list. In mony Cases

COMMODITY PRICES

FOREIGN EXCHANGE

NEW YORK Closing rates were: Canada England omcial 30-days

90-days

Uruguay

LONDON Closing rates were:

The Transportation Ministry and the Finance Ministry are at present conferring on possible New York ways of helping the shipbuild-tontreal ing Industry obtain more orders Brussels

Copenhagen from abroad. Informed sources Frankfurt

dhe measure. which kien say that might be inkeh shority is to ease Orio restrictions on the ordering of Parts chips to be paid for in sterling.

British School For Airline Pilots DOLANNING ahead for Ho

time when the supply of pilots from the Royal Air Force will be insufficient, to meet the demands of civil affines, a school for alilito pilots, is to bì, lit up Boir Southampton, England.

The schook and the traiblity it will provide is a joint operi» fiod by Buat, Bhijih Euroßejti Always, the Mjulstry of This: – and Dell Aviation = 130

"Andries are expected to part In Septeinbae:0900 whan the

efuitment,

Stockhuln

Vier

Zurich

€98899

Mixed Contract

May/June

Jul/AUS. CrNow. Dic/Jo

Mar/Apr

Mayyong mga libra

SAO PAULO

| All prices unqualed today,

METALS

Closin

1.04-8/22 2.81-9/32 2.8114 2.01-11/32

tun at 14 designated

In the United States overage price of one-inch col-

he

Texa

MAY

Jul

pot

Zine

ninrkets was 34.69 cents.

MAY

Total tales were 9,713 bales, -UPI.

July

Copper

May

July

1.796.2.7012 140.1735-140.224

19.375-10.37

11.70-32.7012 174036-1746 20.03-87.0314 13.781-39.79

RUBBER

SINGAPORE

NEW YORK

report.

Closing Prices

Glitedfrá Bondi

British Transport 3. 1973/28~~ 2007 xd,

Consols 15-276-13718.

Conversion Loan

205-15/10.

Funding Loan

1959/CP-

Findine Block 3%. 1939/2004—–—–—–

C73-9/10

Funding Loon

CON.

prices were:

Del

11.55b

10.50b

10,b

LONDON

Closing prices were:

Tin

Spel

Copper

14.5015-24,5514 71.80-7233 32.1511-12.1836

The

advices and ruled throughout with fluctuations negligible. zine and half

There was small interest for

Spot Synonih

Kony

Att

lower sheet but sellers were feserved.

Other unchanged.-UPI."

COTTON

NEW YORK

market was up at the

opening on improved New York Lead and i

Au

Na. I rubper per 18. June 1943-103 July 10411-105

No. 2 rubber per it. June 100-100 No. 5

No. 1 pale crepe..

10-1

No. 4

..

Closing prices were:

Spot July MGE

Bpat rubber untailed

2013-10044 101-1049

$15 dm.

mikul orepe...

00-100

100-103

MES.

MAY

Juy

NEW ORLEANS Closing prices were;

LIVERPOOL

Clini

Horn Coultret.

NEW YORK

llex rubber futures today

May

1903/90-

Saving 5%, 1955/05-ENU.

Bavings 37 5000/10-02.

Savings 3, 1985/75976-3/18.

F' Banks

Barclays Bank "A" Ltd ord-37. Chartered Bank-441 80, Hongkong-EMIL

insurance

Velon, usurance Canton-44-

Aircraft, and Motors

British Motor Corp, Ord-Ju

For bintor C Co-o

Breweries

Distillers C-28# 1944,

Building and Materials an Associated Portland

Cenent-891

Finchut Jahnson Aksostales Ord—

Coal, Steel and Explüentin Babcock & Wilcox L1-30. Vicker Lid=334 Bd.

Food and Tobacco

British American Tob. Co. Lid

3s.

100.0025 100.

Buyer

Sellers

784

705

SUGAR

NEW YORK

World No. 4 sugar futures

Imperial Tobacco

Co., Ltd-

atiscellaneous Dritish Oxygen Ltd Ord-630. Canadian Pacific Ty-153." Dunlop Rubber Co--29 Hongkong & China Ga

Imperial Chemical-34 70. Lyons à Com=83% 10, User Licor

PAPUT

Dowalay Paper Cord Olt-481.

Hajio and Electrital Asociated theil ia d.. Electrical & Musical-da Engilla Flectrk Co-bland. General Electric: 340 3d

Indo-

aud Inv. Co di

* O Bieams Navikbilch det end

Młotus „Great Universst States "A"-40 450.

"Harks & Spencer Lid-63

Wodiwurus, k Catöku eisd.

Courlauke Ltd 34. Anglo-American Africa-1976, od...

con-18 33,-

closed unchanged to 40 polit closed unchanged to two points lower with sales of 58 contracts, lower with sales of 18

day: 30.731 July: 37,01; 8Septi tracia. 39.30: Novi 45.90; Jan: 35,45; Mar: 55; May 51.00.

LONDON

Domestic No, é sugar futures closed unchanged to one point lower with salts of seven con-

The rubber market was quiet tracts. with spol quolett al. 30 8/10 pence per lb." Prices:

No. 1 Ras spot.

Settlement, þau term:

July@Beyt.

Define

Inn/Mar.

Contract No. 4 (World) 3031-3091 || Fulkoka Sept) 5.84: Del: 2.94: zán: 3.17: Mar: 3.0f; May: 3.10

300| #pol-tesnia per in. lab Cuba): IRI,

Open Interest: 8.345 donirkets.

· General-merkela, vit darin, PÜSTEŞ

June and July

Kelate crapa -thin

Vilna

June

thick

..... Contract No, #: (despaälin), SENTIE 131 Spolajšatili per iba kit

Open Interest: 4,806 vi contratti......

Corp of South

Goldfields of South Afrio Con, Lina Corb. Orde Da Barra def-the 25. cor. Brew Blaja Pevelopment D vesimal" of*

Hongkung Tis-le 7d. - Petaling Ti

Rand-e 3,

Southern Kinta

1560.

Unkoli Colpes the

Am. Das Einetma

Home Prod.

American Metal

American Smelting

Am. Sugar. Ret.

American Tel

"B"

American Tb Anaconda Cooper Arint Blesl Atmour

Atlas Cona. Mining Baldwin-im-Ham.

Baltimore & Ohio Bank of Montreal Beneficial Finance Bendix Aviation Corp. Benguet Cone. Bethlehem Steel Boeing Airplane Horden Burroughs

Co

dd Machina

British Amer. O British Columbia PW. Callt. Packing Corp. Cána k of Comm. Campbell Soup Cu. Canadian Pacific N. Case (3.1.) Co. Cat. Tractor Celanese Corp.

CIT. Financial Coin. .......

Manhattan Bank

C Motors NE

Civett Peabody.

Colgate-Palmolive Co.

Colombian Carbon Co. (Nev Dommere(s) Credit Consolidated Edmon Continental Oil, of Del. Crown Zellerbach Cyban Amer. Sugar Diamond Alkon

Diemand Gand

Dominion Stores Dougins Alfernfi Dow Chemicals Duovat da Netngure Eastern ANG.

Eastman

E PO National Gas Family Finance Corp.

Firestone Tyre & Rubber

|

Lowenatelu & Sons.

McDermott J. Jay

McDonnell

Aircrati

Block Ex.)

Stesabi Iron Corp. Maruta Mining

Mon Development

Binnatto Chemical Co.

Montgomery Ward

Motorola inc.

National Cash Reg. "A

Nritonal Dairy Prod.

National Steel Corp.

Sunahf. Mining Bwift & Co.

Texas Ch.

Textron inc.

Thiokol Chem.

Mae Water Asot. Oil

Time Inc.*********

4251-Cont. Warrant

Corp.

Twentieth Century Fox Filim

147% Union Cartside

Cnton Oil of Cal

501

Imin Parlie Rallway

47T

United Aircraft

1014 United Frult...

31

Ca1⁄4 US. Fon "D"

United Gan Corp.

DI

32214

cox

National Biscuit Co.

|

Haliza Lend....

New York, Central

Noranda Mines Lles,

to

Norfolk & Western Ry.

North Amer,, Aviation

North-west Airlinez Com.

30

Oil Motinos

$112

Ous Elevators

76

113

New York

Cotton Market

New York, May 25. Erratic price swings in the October, 1980 delivery continued Lo dominate

dealings in cotton futures today.

Other deliveries

over

see-sawed

quiet July

narrow limits in dealings with nearby showing relative htiness In lice with the optimiste reperts from the drygööda trade and ardas-the-board Buying of dpot tatton

future aguil

adient ille

At the close the 1st Maled oft bne to bite paltija. UNCHANGED

The narkop opened up 10 to oft five potuia. New Orleans closed het lichanked.

Uncertainty. över status of the government price support pro- Stemine text year kept the for- | ward deliveries in a jittery con-. dition. New Orleans brokers were leading selles after a steady opening. October dropped from 30.80 to 30.50, then ce- traciód about half of the last ground.

Memphis spoi interests exjim- Corsa Lidated. the 1950 crop at about 13,300,000 bales compared with

West Delefontein doldrining 11,612,000 bales last year,

Went Rand Cond

The Liverpool, market joday gloyed unchanged to off fo British Borneo Peltolódi Byndi-English poinía alsd due to 803

American pókts Brlish Patrolqum" Co, Lid-din York, Tuhures,

Petroleum

under New

The cerfliested stock today totalled 4/1174", baino, cif 0,047 Tradiderite pales mom the previous post-

| Owen-ilUrots Ģima

Oxford Paper C

Paring Go &

Tire

Pau Ameriewi Airways

*

*

11.8. Line Co.

Us hubber... 119, Smelting

TA. Stee

19. Steel 7 V.C. PP

447% Waukesha Motore

Westinghouse Air Brako Western Union Tel. Co, West Vo. Pulp & Paper Winn-Dixie Storen Woolworth (K. W

4224 Zenith Nadlo (new)

P.O BI EA

COMPANIES

PASSENGER/FREIGHT SÉRVICE

PENINSULAR & ORIENTAL S.N, CO.

LEAVES UK DUE IK,

OUTWARDS "CARTHAGE” "COROMANDEL" "SURAT" "PINJARRA"

......“CANTON"

"BOUDAN" "SOMALI"

+

HOMEWARDS "CARTHAGE"> "CANTON" "PINJARRA" ±

"CORFU"

"SOMALI" *

"CARTHAGE"

"BUNDA"

.

xed 29/

itt June

Salted 26/4

mid June

Ballad 12/0

ikih Juse

Salled 12/3

20th June

Brd

Junk

3rd July

29th

MAY

din July

Ith

June

15th Jul

LEAVES ILK.

HUE LONDON

7th July

pud. Jure, p.. th July

Bt. 10th July

6 pm. 31st July #p., 19th Aug.

12th Aug.

1st Sept.

Zist Sapt.

20th Sept.

p. 17th Sept. Zial Oct.

Via S'pore, enemy, Colombo, Dombky, Aden & Pt. Bald. ★ "BOMALI" omits Colombo and Bombay and extende to Hamburg, Rotterdana Antwerp,

+ "PINJARRA" proceeds 'poré, agen. London, thened to Hamburg, Statlekdamm

Pt. 814

4 Адьяагр.

BRITISH INDIA S.N. CO., LTD.

from Calcutta, Rangood. "SANGOLA” due 8th June

Penara & Singapore ails 615 June 1er Jopen ~~HAVILDAN dan 14th June from Japan.

~1~351/71728 for Singapore--Peñasti

Rangoon, Calculia Chi

.

P. & G./B. I, JOINT SERVICĖ.

"OZARDA"

"OBBA"

"ORBIA"

"OLINDA"

In Port

from Karachi, Bombay,

Cochli, Tutico-in Slay put

Baile 20th Miny i Japon

- due 16th Junta from Japan

a

salls 13th Jure for Spore, Bombay, Karach, Bubal, __Ku- waft, Hatral & Chor- remihahr

due 24th June from Japani

Sails 231) Just for Singapore, Penang.

Madras, Cochin, Bam bay Karachi

Que 27th June from Karsehi. Bombay,

Cochin & Bingapore Balis 281 June for Japan

EASTERN & AUSTRALIAN S.S. CO., LTD.

"NANKIN"

toads 2 June

all

th June for Sydney dud 18th July & Melbourn dùm 10th July *EASTERN dne 2nd July (rom Australia ·

walls 4th July, for Labuan, dendakan, Brisbane, Sydney, Meit Bolárne de Adelīša

All vessels have liberty to enű aj shy porta ôn or of the route a the route à sailings kro üüdisch to change de amendment with or Wlikout notice,

Fur full particular; oncały do

MACKINNON, BACKENZIT & 20 DE HONG POM LID