Page
THE CHINA、 MAIL, THURSDAY, OCTOBER 29, 1959.
INDUSTRIAL REVOLUTION
Need For A New TON
New LONDON Management And CLOSES Labour Outlook
HIGHER
London, Oct. 28.
Stocka closed higher today under the influence of widespread investment and speculative buying. An extremely nelive in-
Hongkong Good Features
Trade
On New York Vital New Wharf
Quota For Stock Market
Guinea
atdustrial market featured gains The UK Board of Trade
By AN ECONOMIC CORRESPONDENT
London, Oct. 28. As Britain's new parliament assembles
Westminster this wook, the nation may
Oil issuea another industrial be on the verge of rovolution.
If this revolution in nipped an often to da rú in dedance of the brd, it will be due to no their kaders.
kek bf
enthusiasm for it
On
the part of the new and power-
ful Tory government,
How firmly
domestic cown
TUC handles its problems will
indicate the contribution It is
In-
and
revolution
It is a onlel revolution theyTkely to make to the new seeit, but one ny far-reaching as dustrial that which transformad entury Britain into a rearing
Sowerhouse world.
10th inevitably to the probability of reeking, the revolution succeeding
of the London Express Service.
The Industrial revolution of the 10th century was a relative- ly simple affair and inevitable. It was a straight-forward affair of men, machines, materials and markets, The now revolution being surht, Is complex, subtle and anything but inevitable.
Attitudes
HONGKONG
STOCK EXCHANGE
by
Our Own Correspondent
It is a revolution in attitudes, in taler of mind. The attitude of inbour to management and vice Versa. The number pl Britain, official and strikes in unamicial, justined and blatantly oppertunist, and the Buculent defiant public utterances thore engaged in them are kong Stock Exchange this evidence enough that the whole morning amounted to apparoxi- budness of Industrial relations | mately $2,090,000, Noon quota- badly needs re-thinking.
tians and the morning's irons- nctions.
of
Bartenlly the trouble is that much of our economic thinking
Businece done at the Hong-
Btures BANKS It is frighteningly out of date.
HK Bank.. le a relic of days of shameful inequality, laissez-faire and the doom-laden philosophies of laxi century's economists,
At a level where its effect is most apparent-on the factory floor-it s be-devilled by stereotypes. On one hand, the
the bosses, on
other, the worker. forever in this 10th century myth, mutually antago- nistic.
Weakness
Dn
In this ridiculous atmosphere, understanding becomes a weak- ness and compromise is read an defeat, There ATC faults both sides. Management is not without its "hardfaced Inca" but I cannot escape the con- clusion that much of the blame must rest with the workenz
If publle utterances are any- thing to go by, far too many of their Immediate leaders convinced that any
Ly
Buyers Sellers
1040
Sales
40 20 1080
14.00 15.10 376315,10
in virtually every section of the list.
of enjoyed one their best days in some time. --UPI.
Closing Prices
Gittedged Bonda Brikh Transpert 3 1970/18-- £70.
Console, 211⁄2-212-7/18. Colisala 47-7234 Conversion £00's.
LOAN
31.
Funding Loan 32 1959/00~~~6334- Finding Stock 315, 1999/2004– £74.
1903-
Funding Loan-
1930/00
1-7/10.
Bavings 30%, 1955/35—212-7/10. Savings 32, -1000/70–£83-15/15. Having 34, 1953/15--£78}}.
Pd.
11
xd
Baske Barclay's Bank "A" Ltd oat--G09 Chartered Bank-4. Jongkong-£39.
Insurance
Union Insurance Canton-C5%.
Alreratt and Motors Pestish Motor Corp. Ord-23s
Ford Motor Co-101.
Berweries Distillers Co===33#
Buliding and Materials
Associated Portland Cenien!-70
x.
Finchin Johnson Archulet Ord
4.
Coal. Steef and Engineering
Babcock & Wilcox Ltd 40% 4!gd
Vicker, Lu-K% 1150.
Food and Tobacco British American Tob. Co., Lid~ GOS D.
Co., Ltd-Ba
Imperial Tobaceo
Miscellaneous Boardman Marden Linda B. British Oxygen Låd. Ord—78% 98. Canadian Pacific Rly-#47%. Dunlop Rubber Co- 1150 Hongkong & China Gas-15s. Imperial Chemical-bki odl Lyons & Co-B dd
Vallever Lid=126 101%d,
Paper
Bowater Paper Corp Ord 60% od.
Radio and Electrical Asolated Firetrical- 31.
Electrical & Musirat-68% 3d xd. Enghali Electric G-Me 3d. General Electric-44€ St.
Shipping
Indo-China Miriam Nav. Co. Sme ford-31 3d.
47.
Steam Navigation def and
Stores
has signed a
one-year
New York, Oct, 28.
A jump of $78 in Studebaker preferred stock to a new high at $618 led a market of features today.
trade treaty with Gulnea which includes a quota of The features centred on two Hongkong goods. The motor Issues Studebaker- treaty is worth K-Packard and American Motors. The former opened near 11000 $10,100,000, but the
because of glut of buying ur». Hongkong quota is only a ders and finally appeared on a quarter of this total block of 75,000 shares. It hit a igure.
new high and then selling de- veloped in such quantity that in be suspended. the afternoon the issue had
The rigning was announced in London yesterday according to a Reuter cable,
A Board of Trade spokerman said that two quotes had been agreed for the Import of British and Colonial goods into the West African republic.
SEPARATE
|
to
Armeo Sleel Arrowf
American Tel & Tel
7814
American Tab.
1043
Anaconda Copper
64
341
*
16
4212
Asbraton Corp. Atlas Con Mining baldwin-a-kimo. Baltimore & Onio Bank of Montreal Bank of Nova Scotia Borch Idle -Bayers, Belt Tolephone
Deneficial Finance
chguet Doo Betlehem Steel
It reopened at the closing bell Bendix Aviation Corp.
50,000 shares and 3,000 hares at 28 up 1% net but off 1% from the high of the day and the year.
Boeing Airplane Bordan (The) Co.
Broughts And Machine British Amer. Ou Dh Corumbis Zec.
Cana. Bk. of Conna.
Campbell Boup Co. Chordian Pacific R
Case (J. 1.) Co.
Celanese
When American Motors sued Calif. Packing Corp. One of the quotas governs slock N went through a similar trade from all the dependent ¦ ochit but it managed to reopen territories, non-self-governly on a decline ate the day. [colonies, which takes three | Amerikan Molors which had ́quarters of the total amount. The been bid up more than hire
sepurate quota is for Hongkung, points lose most of its gain. and is worth HK$2,000,000,
The spakowman
1754
| Tiongkong goods were deat with on a different basis be | caused of the different tariffs in
force in the Colony,
However Hongkong has done indirect trado with Guinea before now, it was formed.
A spokesman for the Depari- ment of Commerce and Industry said this morning that in the first eight months of this year; that a from January to August, Hongkong's total exports to West French Equatorial and | Atrics (which includes Guinea),
amounted to HK$7,700,000.
However it is not definitely known how much of this went to Guinoa.
LEADERS
After
C. 1. T. Financial Corp. Chrysler Motors
A
For Malta's
Grand Harbour
DEEP water commercial wharf for the Grand Harbour at Malta, capable of handling con- siderably more than the entire total of the island's exports and imports at the present time, is now being built and should be virtually complete by the Spring of 1961.
3 community, both as regards the price of imported goods and the building
A up of
valuable entrepot trade,
GOAX
2001
187
Chell Peabody
Colgate-Palmolive Co.
Colombian Carbon Co
ommercial Credit Consolidated. Edison Continental (21
30
Del.
Crane Co...
of
Crowns Zellerbach Cuban Amer. Sugar Diamond Ajkali Diamond Guard
534
20%
Gla
302
6122
37
25814
37
#51
20
129
81
The recognised headers the motor division were Ir- regular. Steels also bad their ups and downs. Coppers ran
Distillers-Seagrama Dominion Storre into realising
strength
Douglas Aircraft yesterday. Brunswick Balke Dow Chemical netted and Moore McCormack | Dupont de Nemours
Eestern Air Line last three or more. Goodyear suman Kodak gained 5 points.
El Paso Natural Cas Family Finsnes Corp.
{ Firestone Tyre & Rubber Today's volume was 3,820,900 First Nit, City Bank
Ford Motor shares.
Of a total 1,212 lesues traded 464 were higher and 620 lower.
American Exchange volume was 1,320,000 shares.
Bonds volume amounted
NOT INFORMED The DC & I spokesman said or the question of reciprocal $8,270,000. trade, "We are aware of the The conducted by Board of Trado but we have been informed of the noi yet details so we are unable to com- ment on this question."
Stores "A" negotiations
Textiles
Coats J & Lids P24. Courtaulds 19–518 6.
1030
10 1045
INSURANCES Union
07
SHIPPING Wherlock.
*
4000 / 7
100085
DOCKS, ETC. Dock
T
50 3800
30
400
50
200
Grent Unive
1000 381,
7 cor.
G00 w
Provident
2000 10
Talkoo
LAND, ETC. JK fotel
30.75
1000 14001 000/ 2014
34.75 1030
33
1000
HK L.
38 38
224 3624
BOX 30.5
2700
A
300 38.25
500 N 56
Humphrey Realty
10.10
3800 $8.50
1000
8.70
1.725
10000
.125
1000G
1.725
1000
LN5
3000
À 1,125
5000+
1.725
3.10
3 BS 20000
1000
RUBBER are
XD Analy concession thin
them will admil the end of the wedge which "the
bocs class wil hammer home
to split them arunder.
The result is pettiness, restrictive practices and irres- ponsible strike action.
Incidentally it lends also to alleriation of publle sympathy for both the Trade Unions and the Labour Party. Obviously, In everyone's interest, this state of affairs cannot be permitted to prevall.
$17
But whut's to be done about
Trust XD 4.46
A. Tawah.
Sungal ...
3.10
UTILITIES Tran
31 32.35
Star Ferry 100
Yamat!.
125 129
C. Light 10.83 19.90
Fiectetu
The Conservative government | Macao X 23
has yet to my specifically how
this tremendous problem should
be tackled. Although plainly
they intend to tackle it during this new region.
Diplomatic
Whatever
Telephone
32.50
300 3.9
10000 x 3.75
BOD ( JA LOQU
319 kt
400
127
200 120
1660 i 10.30
400 ( 20
330 4 2013
3000 20.30
100 ur 20.50
5000
20
265
26.10
1200 20
24.70 25.20
30) up 23.30
30% 31%
100 14S 100 4000
1000 7.62 1000
271
INDUSTRIALS Cement 305 33.T
STORES. ETC. Duiry... 20.00-21.30
their approach i will have to be diplomatic and demonstrably genuine. It will bo in constant danger not only from rebuits of organirod labour's hard cases but more from the noisy clamourings of zealots Its own Constituency (Parliamentarians
hardly likely to be so obture)' that it should ure its massive political Lane Craw,
industriel thrust majority to
are
Watson .. 21.23 1.90
discipline down the throats of wing On the workers
(8)...
Nothing could be calculated COTTONS
Textic to inflict more lasting damage to the cause of new and com- monsenpe industrial relations.
Clearly whatever course the Torico have in mind it will have to be taken along with TUC who are much more aware
24.09
Miner
Anglo-American Corp # Surth Africa-200% 410.
Con Goldfelds of South Africa- (The lyd.
De Beers def–183% id,
Free State Development & Invest- PLC.
Hongkong Tin
430.
Petelling Tinde foi
Rand-107 fd cor.
Southern Kinta Cons Lid-20# Od. Union Corp 73 10d x3.
Wen Driefontein Goldmining-123% 4160
Wast Rand Cons-2 3d.
CH
Brit Borneo Petroleum Syndi
colm Ed.
British Potroleum Co. Ltd--5
Furmaḥ-4%) TRAN
Royal Dutch Petroltun-£1531⁄2- Shell Tranport & Trading-149 Gd. -Reuter.
Comm. future inden
Closing Prices
सर. 41
Georgia Pacific ¡General Dynamics
Gement Electric General Foods
General Motors Gen. Pub. Util des. Tyre & Rubber Getty Ol
Co
Each (3 P.) Co.
while
It is the first of its kind in the island. At present, wheat has island, and it is hoped that it to be brought asheed by Bghter, will have a really important like all other cargo. For the
or effect on the economy the port mills, Is unloaded from
the lighters by suction, for the mills Inland it has to be uut into sacks and then moved by lorry. Similarly wheat for has storage By the government has Up to the present there been practically no place in the to be taken in rocks to granaries, civil waters of the Grand Har- and stored, unbagged until it is bour; where An ocean-going ¦ required to be taken to the mills VCSHCL сла berthi longside. by lorry. All this, of course, is Versela have therefore to le out not only complicated, but
and In the harbour
tranship very expensive. their cargoes to lighters which EXPANSION
are then towed to a wharf and their contents discharged into transit theds or "verandahs". NORMAL SIZE
also
The new sllo will receive its
from wheat by suction alongside and this will either
ship
then
be stored or delivered direct to lorica for the mills.
This, of course, is a slow and above all, costly business, which will mean a saving of about has done a great deal to keep £80,000 in handling costs and af the cost of living in Malta high, in freight annually because
ship bringing
and has also virtually destroyed the quicker turn round of ships. the old and flourishing entrepot | At present trade, which has been transfer- 10,000 tons of wheat, which is the normal cargo inported,
for
takes about 14 days (working
shifts).
red to more modern and more efficient Mediteranean ports.
It is calculated one shift per day) to discharge Accordingly. thal Maith's survival as it cargo. In future, this period commercial harbour vital to will be reduced to three or four the island with the reduction in days (working three the naszel establishment-de- Wheat is at present imported by pends upon.
out the the government so as to operate carrying
new the
and building the
on bread rubsidy wharf. Fundamentally, the rationed flour and flour paste present arrangements date back (the raw material of sphaghett, and so on), which costs at pre- Just 100 years when, in 1859, the inner reaches of the Grand sent some £570,000 per year.
The scale upon which the new a peries Harbour then marshes-were deepened, a quay whart is planned is shown by bullt, and a road nade along the fact that it can handle sonie the waterfront, lined with stores 500,000 tons of dry cargo a year.
15 and warehouses. This theAt the present time the Maltese total Newport. imports
dry cargo ot area now known es The growth of the size of ships | 320,000 tons, with 90,000 tons of has made all this out of date, exports, co that a good margin and further dredging was found for expansion has been allowed to be impossible because of the for In this development. danger of the present quay walls
alty
021
5512
#5
751
201
plana
43
91
Dow Jones 33 industrial 20 rail 15 uu 40 bonds
closing average
10 Goodyear Tyre
Gult Ol....... Heyden Newport Corp.
tiram Walker
13
1147
I81 252
SCENO
Homestake Mining Ca
412
153.61
itorsman Refrig.
IP)
Idaho Powe
81.63 ingenol-Rand
Imperia O
371*
48
101.14 inlark Steel Co.
Interchemical Corp.
3725
Int'l Business Machines
413
Int Harvester
3115
International Nickel
120
3714
401Ker Industries
51
373
Kansas C. Power & Light
47
133
114
Kennecott Copper
Kimberly ClTE
40
Liggett & Myers Top. Co
big
Am. Brake Shor
Litter And
American Airline
23
Lockheed Aircali
American Cable & Radin Corp
1
toews Incorp
American Cyanamid Co.
103%
40%
McDermott 1. Hay
187
Mesabi Iron Corp.
200
Minnesolo MinisŻ
BD%
Milton Development
472%
Monsanto Chemical Co.
The Board of Trade spokes- nan sald that the agreement. taking the two classifications together, covered all the dc- pendent territories of the Com- Abitibi Pwr. & Paper
Alden There was a very
Inc. Acy monwealth,
Algama Steel Corp. wide range of goods to be sent
Allied Chemicals kaid. to Guinea, he
Allied, Minx Inc. Hongkong would principally Allis Chalmers send animal and vegetable pro- duels len plees, texkles and similar commodities, he added.
Amer. & Forgn, Power The treaty goes into effect on
Am. Gas Electric November 1, and the quotas for
Ain. Home Prod Britain cover the whole range Am. Machi, & dry.
American Metal of trade und in addition, pro-
Aus. Natural Con vide increased facilities for ex-American Smelting
Yesterday's Closing
poris,
Am. Sugar Ref."
COMMODITY PRICES
Nov.
33-33!
METALS
NEW YORK
International Paper
Inti Tel & "Tei
$3716-Moville Co.
35. Tulip
Lone Star Cement Co.
Lowerdeln & Sons.
McDonnell Alterat
Montgomery Ward
Motorola Inc.
National Biscuit
National Cash Reg. "A"
National Dairy Prod. National Lead
National Steel Corp.
New York Central
Noranda Mines Ltd. Norfolk & Western Ry. North Amer. Avlstipr Northwest Airlines (Com.) Olin Mathieson
Ö FlevatoTE Owen-filino Class Oxford Paper Co. Prelle Gas & Elec Parz American Airways Paramount Pictures
Parko Darla Co. ...
Panny J. C. C.
Penn Salt Co.
Philip Morris
Pitney Bowes
Procter & Gamble Co.
Pittsburgh Plate Glam
Closing prices, all in cents Publieker Industries
per lb.: Lead Doc.
200 37
100 3730 1000 30.13 100037 300 31.
600 & 21.40 21.30 2140 3000 21,10
2000 22.50 1 or 22.30
1000 m 22
700 V 21.70
500 71.00 3000 1000 < 24.20
SUGAR
NEW YORK
Closing prices all in cents per ib.:
Contract No. 4 (world) Jan. 3.14: March 311; May 3.20 July 3.23 Sept. 3.27: Oct 3.27: Jun. 1.37: Spott.o.b. Cuba) 3.05 Total Saira: 31 contracts: Open In- terest: 7,091 contracts.
Contract No. 0 (domestle) Jen. 5.: March 8.63: May 4.87; July 6.77: Spot-(C.L.F. N.Y. ex- duty) 0.05; Total Sales: 104 con- tracla: Open interest: 1,308 contracts,
U
Nov.
AdVJune
JudysBept
Oct/Bot.
General markete, cif. basis. party:
Estate credo thin Nov.
thick Nov.
AMSTERDAM
Cinging prices all in guilders | Zine per kilogram, c.i.f. Nov.
No. 1 rubber
JUDGET No. 3 rubber No. 1 crepa
Dec. FAJL 3.20 buyers Copper Dec 3.16 buyeri
ل ان 100
0.53 3000 e 8.93
Nanyang
13.20
of the noct for new and vital) Vibro 2011 (14.30
atilludos in industrial relations than might be thought,
But if TUC is to play its part
MISCELLANEOUS INVESTMENTS
Int.
2000 66 0.0D 4000
5
2000 (+ 9.30 ·
BO * 10,20
1000 / 10.10 4000
14
0000 $ 14.30
RUBBER
NEW YORK
Rex rubber futures closing price, all in cents per lb
44.25
38.25 30.16
.....
Nov.
JATL
March
Play
7 2000 m 7
July
1000 $.05
Sept
Nor
SINGAPORE
0.000
Alliot
4.70 4.00
Invest, 12.30
it must first demonstrate be- K. & F.
yond doubt that it is' master in ita own house. And this in scine meastare it plans to do by
il procedį, investigation of
unofficial strikes and spiofficial activities of shop stewards.
Long Overdue
Exchange Rates
Bale wog dobr longuelat: exchangC.
Closing prices, all in Straits cents per lb. fo.b. Malayan ports: No. 1 Nov.
No.
2 N
No. 3 No.4 In the logat pot rubber anbeled"
Barket crepe market this NJ, a pale crepe
to many it has moming ut ibe following rates:--
LONDON
This investigations overdue. For
ecmbul for a long time that us. dollar (der #1); shop stewards in certain in Bierling noise (per 41) dustries have been able to wielder 100) Hower Totesquely out of pro firm work mar 100) porlion to thathefinportusse 'and Bingapore (Bicatta) ..........
21.00
16.00
10.48
5.30
34
1000 | 35. 1. Her apot
· 1.78
Settlement house c
114-1145
3.15 buyers T
2.50 buyer
UPI.
COTTON
NEW YORK
Closing prices all in cents per
Spot: 32.70 nom: Deo: 31.57: Mar: 32.83 Mrs: 3310: July: 32.70; Oct: 30.80; Dec: 30.04: Mar: 20.02. NEW ORLEANS
Closing prices all in cents per
ib.:
Spot: 11.18 Dec: 3240, Mar: 33.63; May: 31.09; July: 20.71; Oct: 30.54: Dee: 30.02; Mar: 30.84,
SAO PAULO Unquated.
(Closing prices all in cruzeiro per lp).
Average price in U.S. at 14 designated spot markets: 31.00
cents,
Total sales: 81,397 bales.
LIVERPOOL
110-1113 107 1094 lb.: 118-21 107-100
Cinsing prices all in pence per
Dec.
LONDON
Pure Di
Radio Corporation
11.00 Radio Corp. Pret.
11.00 Bytheon
11.76 Republic Steel
11.00
Reyezius Məlu
2105 Royal Bank of Canada ka24, Beirg, Roebuck & Co. 10125 | Shell Oil Co. ........
101 Bateway Stores
Saint Beg, Paper Schenley Ino.
Boot! Paper
Binclair OU
Closing prices, all in sterling Smith, 19ine & French
per lang ton.
Ti spot
3-month
Copper spot 3-month
Lead and hsit Oct 2nd bauf Oct.
Jan
Bogony Mobil qui
Buyer Sellers | Boler Aircraf
194
200
247 248
20 2045
247
FOREIGN ENCHANGE
NEW YORK Closing rates: England offeisi
| Cenada
DO-daya South Africs...
Others unchanged.
LONDON Closing rates; Naw Nork Montreal
Alienistes dilent Br. Copenhagen
Closing prices all in perce per-
American Contract ( Oct/Nav: 11.10 Dec/Jani #1.301 March/April 210) May/June: 22.30) JUB/AUZE 21.90; Cat/Nov 100,
Mixed Ountract CELNGVI 21,00; - Duo/Jan: · 23.00% March/April 2016, BEW7Zum: 1933, BlackIsolin TUPL
Tricktvari Oxdo Purin
1144
108-1171
£2.00 2.2016
2.8000
South Puerto Rico Buga Bouthern Co. (The)
Southern Natural Ga
Southern Ballway (Com
Standard Oil of Ird, CHI DE HJ.
Pon Co vt canada
|Sterilng Drug. Co.
Sleep Rock
Stokely-Van Camp. Bions & Wabider: Bludebaker-Rackard Corp. Bunadian Midnať“ Swift & Co. Texas Co. Textron 100. Thinko! Chern. Tide Water Oil
Time in
Traders Fizio
Tri-Cont Warrants
Twentieth Century Fox Film
Union Carbide
inion Oll of Cal.
Union Pache Railway
United Kirsaft
Beuted Fruit
United Dan Corp.
U.. Foll
17.8. ClypRTI)
Thi In Cỏ.
9.8. Rubber -
U.S. Bolung
1.A. B
U.S. Bleyl 1,P.C. PV
Winwr Bros. Viena
Westinghouse Air Brake.
vol) |-Werlinghouse. Bisolito, at Wen Val Pille & Paper, jik Winn-Dixie "Storce
„34694" | WaokwestiąEKT (W}} {xd).
collapsing.
of
It was therefore necessary to U.S. MARITIME
bulld a now deep water wharf,
enough to sexommodate INVESTIGATION
120 ships of a normal size, complete
1093%
30
452
97
with big now transit sheds and
all the equipment necessary for the mechanical
of handurg
cargo.
Washington, Oct. 28.
THE Federat Maritime Board has ordered an
a joint
In 1855, a schone of harbour Investigation into development on there Unes was agreement between member drown up by Conde and Fart lines of the Far East Con- nars, Civil engineers, of Lon- don, and, substantially
this is forenco and Pacific West- the scheme which is now being bound Conference, it WAS carried out-only comparatively
minor changes have been made announced today by Mr when Sir Eric Millcoum Clarence C. Morso, Chair- Honorary Adviser on shipping || man of the Board, and
in Port to Britain's Ministry of Maritimo Administrator, U.S.
34% Transport and Civil Aviation, 916 | reported on the subject to
the Department of Commerce.
724%
former Economic Commission en the Island, The Commission
$1
The agreement was originally the Board In by
1952. Under the the ConferenceR
accepted the plan and recom-approved 221mended a grant from the Malta December 44Allocation or the Colonial De-agreement, 47%velopment and Welfare funds to were to act jointly for the pur
and cover the east, the total being pose of establishing rates
A rules and regulations relating to estimated at £2,514,000.
ant
ABY
from.
the
3d contract was plated for the transportation by them of com-
modities
exported bullding of the new wharf, grain tile and the installation United States to Far East de-
833
39
of mechanical equipment for the unloading of grain ships. RECLAIMED LAND
finailons.
The
noty
Far East Conference covers trame from United States Atlantic and Gulf Ports to the the Far EaSİ,
while
For the construction of wharf some six and a half acres W:bound Conference
the Padila
covers
of land will be reclaimed from trade from U.S. and Canadian the site chosen being Paille Ferts to the Fur East.-
the sta
the only one available which China Mail Special
provides suficient depth
weder, enolazh area ashore
for
the necessary storage space and
at the same ime out of the way Hull's Dock
well-protected improvements
Tatier trade in the harbour and
reasonably
39 against bad weather,
The
wharf wiil extend from the point Yard
Wine Verandah to a A
499% opposite the Old Coal
40
171
20
beside the gasworks.
The main
giay
£4% million schemo
of improvement to King George Dock at Hull- running Britain's third largest port
roughly parallel to the old shore Including extension of three
line, will be 1,600 feet long,
with a minimum depth of water, quay and provision 283% alpagside of 20 feet. There will additional
of
transit sheds.
6% be firuz berths for ships averag- cranes, grain plovators and 401king 3,500 toris gross the normal silo accommodation was - 231 size of ships trading in the
3011
Mediterranean-but the depth nounced by the British Trans 241% of water will be sufficient to port Commission recently,
74 take a ship of 10,000 tons, gross.
At right angles to this quey, The port of Hull handles running out from the coal yard cargoes of wool, timber, grain, will be a quay 250 feet long, til soeds and ores from North with 16 feet of water alongside Amertes, Australia, New Zea- 211 for mall chips,
land, India and South and West
2011
094
Three transit sheds will be Africa and in recent years some bullt on the new quays, with a £1 million has 'been spent on total area of 95,000 square feet, improvements at King George
arly twice as great an tres as Dock
The new expenditure will In- at present yailable in the exist
collection
extension of number of numerous clude the email, tentiared, and congested one quay froản 1,270 fest to 3,700 feet and provision of four Sheds
The new grain, allo is a very additional single-storey transit total flour uten Amportant part of the scheme ( sheds with and directly benefits, the Malters of 20,000 square feet, Fron alanequer, for it will hold Hull Iran and steel, vehicles be nearly three and parts, and chemicals ara ex- ammernde Fapply of wheat for the] ported to all parts of the world.
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