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WANTED KNOWN
by
of
British
THE CHINA MAIL, WEDNESDAY, JUNE 26, 1946.
Exports In
E.P.T. A
Encouraging Position Bad Tax
London, June 25.
Britain's exports for May passed the 1938 average monthly volume for, the first time since the war, R. A. Marquand, secretary for overseas trade, said today.
Board
Vital Need
was
visible
The value of the country's May exports was £85.200,000-an increase of £15,800,000 on April, Mr. Marquand told a press conference.
Trade uf Ilo said that during the last the Aix months the rate of export | £750,000,000 worth of had more than doubled, rising exports bofore the end of the from 50 per cent of the 1938 year. They are well on the HAVE you seen the "Scamp?" monthly volume for November way to exceeding that, and a "Fira!"* exclusive display Mode Elite 25 Queen's Rond and December, 1945, to 116 per new target is to be set.
cent in May 1945. To balance Also featuring straw-bata
The Board of Trade Ultra-distinction, Exquisite Pure trade at the pre-war standard of Silk embroidered lingeries, conts, living, he added, Britain needed
power figures, Mr. Marquand pyjamas, "Genuine" Jade-geld to reach 176 per cent
of her continued, showed that on April "Prewar-made" teak-1938 volume of exports.
30 there were nearly 750,000 jowels, camphor chesta
Britain had aimed at reach-more workers engaged on export Beautifully Carved."
Ing her 1938 volume in Decem- manufactures than in 1938. ber of this year, Mr. Marqunnd
There are now 1,236,000 ex- continued. The original target of pert workers and the target for the end of the year is 1,550,000, Mr. Marquand said.
man-
Anglo-Polish War Debts Settlement
London, June 26. A financial agreement between Britain and Poland concerning settlement of Polish war debts
13
JARDINE, MATHESON & CO., LTD.
SHIPPING DEPARTMENT.
10 Pedder Street
Tel, 80311.
General Managers.
INDO-CHINA S. N. CO., LTD.
into s.s. EMPIRE PERLIS
5.S. ESANG
SAILINGS
to Straits and Calcutta 28th Juno to Shanghai and Tientsin 20th June ARRIVALS
......from Shanghai 29th June from Singapore and Calcutta 30th June
IN FORT -
London, June 25, Mr. Hugh Dalton, Chancellor of the Exche- quer; told the House of Commons today that the Excess Profits Tax was "a bad tax when passing out of wartime peace.'
"At the same time," ho said, "revenue is one of our necessities S.S. YUENSANG and it had not seemed possible to 8.8. KUTSANG me to propose the complete abull- tion of this tax."
His budget had forecast alan- S.S. SAMDART sonment of the tax at the end of 9.8. KWAISANG Dr. E. Droznlak, Chairman of the 1948 calendar year, and "I am S.S. EMPIRE PERLIS
away M.V. HICKORY CREST the National Bank of Feland, who running a risk by doing
said: with so large a source of revenus."
S.S. ESANG This tax was under attack by negotiated the settlement.
The signed financia) agreement As a the past.
Mr. Α. Edwards (Labour) and entirely, settles
debts are being Mr. Oliver Stanley (Conservative) settled and simultaneously
Houso continue to cer-when the tain institutions and bodies are examine the Finance Bill (which being wound up. We are paying implements the provisions of the All intending Passengers are requested to register their names for the maintenance, welfare and Budget) in the committee stage
far as possible in advance of the time at which they wish to leave. of all Pofes in the Bri-
Dalton spoke, the tish Commonwealth of Nations up provision that the tax continue for this year was approved, without to June 1, 1848,
division-Renter.
in Great Britain was signed at the Foreign Office today.
consequence, all "Incomparably
FOR SALE
LOVELY CARPETS: (0 x 12 f) $130 (10 x 15 ft.) $200! Surprisingly cheap! Electroplate Traset! Diamond Ring $1301 "Zriss" Binoculars! 280, Prince Edward, top, (G--8 pm.)
TUITION WANTED
GENTLEMAN
World Fund Started
ronized.
abroad Καίης
of
Please
wishes to improve fluency speech desires assistance. state terms, time, electra, to Rox No. 93, "Chian Mail"
HALF A MILLION MEN'S SECOND-HAND JACKETS and TROUSERS suitable for Hongkong trade at FOUR SHILLINGS each.
Thousands shipped to Middle
East.
Quick shipment of pressed balta of one thottaand assorted garments.
Establish confirmed credits in payment of any quantity on an English Bank.
M. Newman, (Contractor)
Ltd.
Heap Street, Manchester 7. England.
·Cable Address: Harbinger.
S.S. "AMMLA”
Consignees are advised that
Į
education
Henceforth. Poles, who do not want to return. t Poland, will he
British Tren
sure by the
After Mr.
Budget Deficit Worries
Washington, June 25.
.Buoy A.18 .Kowloon Dock Kowloon Dock T.S.R. Wharf. Custodian's Wharf
All the abovo subject to alteration with notico.
S.S. NELEUS S.S. SAMSETTE
Agents:
THE GLEN LINE LTD.
due from United Kingdom 6th July due from United Kingdom mid July Managing Agents AUSTRALIA CHINA LINE
He emphasised that Britain was still not paying its way, and said the export drive was not for national prestige, but to satisfy the vital need for the im- Washington, June 24.
Of the 47,000,000 Polish gold. The international monetary port of food and raw materials. fund,
the stabilize sel up to
Of exports, the greatest im- reserves in Great Britain, £3,000,- world's currencies and exchange provement had been shown in 000 will be handed over to help rates. I gradually getting vehicles, machinery and iron Polish war debts.
Debts for civilian expenditure former Polish-exilet Canville Gatt, of Belgium, the and steel manufactures. Motor
in-by the were showing an
Chances of balancing the M.V. NEWBROUGHI director. anid the vehicle managing
reduced from with lise crease of 1,000 exported every Government in London have been
£32,000,000 to federal budget, say some gov agency would operate
month for the first quarter. divisions:
£10,00,000, and this sum will be crament fiscal experts, arn look- He stated that imports in
repaid to Britain over a parinding worse rather than better. May
£115,000,000-the of 16 years, payments to begin in When President Harry S. Tru-S.S. SAMAVON
the five years'
The time.
milituman
announced highest since the end of
his $35,800,- S.S, SAMTREDY war. Re-exports. were £1.600,- debt of £47,000,000 for the main 000.000 budget for the fiscal 400, thus the visible adverse tenance of the Polish armed forces balance of trade for the month is to be left in suspense, and the year beginning July 1, 1946, he figured that the deficits be was £27,100,000. Associated cost of equipping the Polish forces $4,300,000,000, but expressed Presa.
hope that it might be wiped out during the year.
1. Research on economic and financial data to provide know-
af Jedge conditions in the various ns a back- countries and serve Fround for operations.
Operations--A division that
monetary deci-jun will execute and account for results.
3. Legal matters dealing with international law and interpreta-
of statutes.
Administrative
detrils. to which belong ataff and offlee quar tera.
A treasurer's often where currencies change hands.
leads of divisions have not yet been selected.-Associated Press.
tion
1.
U.S. COTTON
New York, June 24. Collon futures closed at 40 cents to $1 a hule higher on aggressive The inili buying.
rayon good
market was dull.
were
BRIDGE NOTES
"Please settle a much-debated Doint for us," writes n St. Louis "It nil revolves about Narth's doable raise bund:
Cat
West Dealer
Neither alde vulnerable 9. J U
8. AKB4
July $952, October $29.62, 65 December $24.78-820.70, March D. KB 2 $29.79, Max $29.75, July $20.00, 0.83 Bid Spot $0.23.
دنا
New Orleans, entton -futures closed steady at vents to $I
baie higher:
July 29.40, October 29.59, De-
survey of damaged packages exmber 20,70. March 29.85, May the above vessel will be hell by 20.78. Bid Spot 75 higher. Mid- Messrs. Goddard & Douglas, ding 29.45.Associated Press, Surveyors, in the Hong Kong &
CHINA IMPORTS
1. QJ 10 8 7 DJ Q 76 2K 7 2 →
W
in
this
9. Q108782 N E Q
ED 3543
Ga
8. G
BAX 943
D A 10 9 CAQ9A
The bidding:
West
North Pass
311
Kowloon Wharf & Godown Co., Ltd. on Wednesday, 26th. June.
Rio de Janeiro, June 25. 1946. nt
10 a.m. Consignees who have dutiable cargo for Chin hopes to import beans, collon, cocoa, wood and other survey will arrange for the at-tems from Brazil, in return for tendance of a Itevenue Officer at exports of tea, textiles and other this time.
ords, according to Chinese Am-| his buscador Chen Tien-koo.
The diplomat said this increased commerce will follow the recent economic and agricultural accord toward Brazil by China.-Asso- ciated Press –
GIBB, LIVINGSTON & CO.,
LTD.
Agents.
DOUGLAS STEAMSHIP CO., LTD.
S. S. "Hai Yang"
Sailing for Swatow on or about 2nd July
Subject to alteration without Notice.
For Particulars of Freight & Passage. Please apply to:-
DOUGLAS LAPRAIK & CO.
General Managers.
P. & O. Building, 5th floor. Tel. 23755.
or
CHINESE SHIPPING DEPT.
20 Connaught Road. Central. Tel. 24639,
BEN LINE STEAMERS LIMITED.
SAILINGS TO U.S. VIA STRAITS. FREIGHT ONLY.
"BENLEDI loads. for London and Hull about Mid July "BENLOMOND" loads for London about Mid August
VESSELS DUE
"BENLEDI" "BENLOMOND”
is to be treated on Lend-Lease basis, and no repayment is, there fore, requested.-Reuler.
N.Y. STOCK MARKET
Further
duo from Melbourne 11th July
Agents: PRINCE LINË-LTD,
due from U.S.A. 27th Juno due from U.S.A. about mid July
Agents:
ANGLO-CANADIAN STEAMSHIPS LTD.
S.S. GARDEN PARK
arrived from Vancouver B-28 Buoy
BUTTERFIELD & SWIRE
As revenue from increased industrial activity mounted, the experts grew still more op- limistic. But now they are ba- coming more and more doubtful. The industrial slowdown caused by the coal strike is one con- New York, June 24
tributing factor. The other is recovery incänations!
possibility of Congress were displayed by selected stocks, the
suntered drastically increasing expendi- although many leaders
tures. from light selling.
The $7,70,000,000 eit from retnined. Most rail stock was While scattered strong spots per the navy's budget might be rea- s.s. "HUPEN
if numerous a tored, for example, and risted, seliers were the close. Sales amounted to terminal puy is granted enlisted 100,000.
$2,000,000,000 and $6,000,000,- men the bill might be between 000.-Associated Press.
Arguements in Wall Street øver the possibility of a buyer's strike in both stacks and duranle goods, restraining influence. served as
The belief that recent setbacks merely technical inspired some bids.
were
Dow Jones Averages. $76.49, 30 South Industrials 2003-subject to tar
Hrection. 20 Rails 0033 15 Utilities
GH
U.S. Investments Abroad
AGENTS:
CHINA NAVIGATION CO., LTD.
SAILING TO SHANGHAI & NORTHERN PORTS
S.S. "NINGHAP"
SAILING TO BANGKOK
2 pan. 4th July
SAILING TO SINGAPORE
4 p.m. 26th Juno
2 p.m. 28th June
Noon 1st July
9.S. "FATSHAN"
8 a.m. 27th June
Subject to alteration without notice.
S.S. "KWEIYANG" (Passengers only).
BAILING TO SINGAPORE & PENANG
5.S. "ANEUI" (Passengers only)
SAILING TO CANTON
For Freight and Salvon Pasanges all lines, plenio audio **
BUTTERFIELD & SWIRE
East Pasa
Pasa
Washington,, June 25, Pass Pass
41.82.
The Commerce Department Pass
Pass
Closing Stock Quotations were:estimated that American louns Pass "South lest a spade and a dia-
Adanw Express 20%, Alaska and investments abroad might He Jureau 44, American Can 104, mond and his temper. squawked to high heaven that American Smelting 85, American total $30,000,000,000 within Ave,
This 25% North didn't have the semblance Telephone 197, American Tobacco years.
Waterworks
Agure would include) 04. American of a double calse,
maintained stoutly that Anacanda Copper 40% Aviation $10,000,000,000 of pre-war in--Connaught Road, Central. Telephone-39331-(Private-exchange). North
American exports trump support and Corp. 104, Baldwin Locomotive vestments. strong side strength were ample for a 32, Barnsdall 28%, Bendix Avia- may reach a level of between and $12,000,- double raise utter he had passed tion 48 Bethlehem Steel 107 $11,000,000,000 eriginally. He intended to double Bocing Aircraft 27, Borden Co. 000,000 if favourable conditions raise to
to invite
Canadian Pacific 10%, game but had no 64, ica at m
long term investments and loans of encouraging South Case 49, Colgate 40%, Coinmer prevail and if the United States to bid a
cial Solvents 27, Corn Products
es are carried out. "We huyo agreed to
213, 65, Du Pont De Nemours
predicted The Department Electric Genera! that the outflow of capital to Four decision. Who was right?" Eastman Kodak 230,
South
was right; North wasn't Light and Power 20%.
Generzi Mowers
Lotts other countries probably will doublo
Electric 47 raise. close to a
Ship Despite the strong trumps, North 70%, Goodrich 72%, Goodyear 65, decline "after reaching its peak
Mining 40%, Inter- in the next year or two." Harvester lad only two Queens, one King, take
Thereafter, the Department] "HONG KHENG" forecast, imports should rlue "SAMVANNAH" national Paper 46% Internationa Tel.
Tel, 23%, Johns Manville steadily as foreign nations be- &
"HICKORY MOUNT" 60%. 160
Kennecott Copper Mont-
off their debts,- not the bidder has passed ori-gomery Ward 90%, National Dis-gin paying
tillers 85, National Lead 385, Associated Press, ginally,
The correct bid for North is a New York Central 26, Packard debatable point Two hearts in Motors 0, Pan-American
РУСЛ
and not even a singleton. With only fair
a double distribution.. raise must promise about average high-card strength--whether
pr
95,
R.R.
beat with a fine partner. Anways 73, Ponnsylvblican stat
partner may
ay Radio Corp 16 Bacco 40, Schen-
Reynolda
SUGAR UP
PENINSULAR & ORIENTAL STEAM NAVIGATION COMPANY
From
Bom bay Bombay
U.K.
Dub
July 1st. July 4th. Mid-July
BRITISH INDIA STEAM NAVIGATION CO., LIB
SHIP
Washington, June 24. The Office of Price Adminiatra- ultra-conservative have to be nursed along with a toy 864, Soars Roebuck 42, Shell engar by a ratio of 1/5 per cont "NIDAROS"
tion increased the retail price of "manufactured" bid of are spade 3915, Socory Vacuum 17:4 (or two of a minor); to be fol- Oil
lowed, of course, by a heart raise Southern Pacific 38% Standard increase as of the standing price
on
FROM
Cale utta
DUE
July 2nd.
for die North land under any 70% Studebaker 30%, Union Bag cane and best refined granointed EASTERN & AUSTRALIAN STEAMSHIP CO., LTD,
Alrcumstances.
鹏
of per pound as from today and also the next round. But three Brands 47%, Standard Oil
Standard On of N.J. raised refiners' ceilings of both Calif, 66,
Union Carbide 113, U.S. bringing total price for cane su sugar by 10 cents per 100 pounds, Rubber 78; U.S. Steel Westinghouse 83%, Youngstown Kar to $0.10 per 100 pounds and 76.-Associated beet granulated sugar to $6 per Sheet & Tube
100 pounds.-Associated Press. Freas.
STEEL PRODUCTION|
Yesterday you were Oswald Jacoby's partner and, with neither aldo vulnerable, you helds
ទ A. 10 7 5.2
H J B
D AC3
The biddings
WHEAT PRICES
C J 94
Chicago, June 24. A light trade in eats at ceiling Schönken. You Malor prices was the only activity in the
Pass
18
Pass graia market. Final prices at Pass
2NT Pass, calling word: PARS ,,(7)
Corn $1.40%, Barley 1.35, Osta ANSWER: Bid four spades. 88.
Jacoby 10 about 10th July INT about end July 38
For particulars apply to:-
W. R. LOXLEY & CO. (CHINA), LTD.
York Buliding
New York, Juno 20. Steel production will show further improvement this week with mills scheduled to work at 87.2 percent capacity as com- pared with 84.2 for the proceed. ing week, the American Iron and Steel Industry announced. Ton- Pariner must have three. spades Predictions that the grain to the King or Queen
together market will show little activity age for this week le estimated with enough strength to hope for until the Office of Price Adminis at 1,688,900 tons, Associated
his hand were a comtration regulations are diaposed Press. pleto minimum he would pass at of appeared to be headed for ful- two no-trump.
Score 100 per cent for fourWinnipeg:-Rye July $8 07. bk New York, June 25.
EVERSHARP REPORT spades. 50 por cont for past, 40 Oats July 613 bid-inclusive to per cent for three no-trump, October, Barkey, July 04 bi
inclusive to OptobarAssociated Preas.
Tel. 04163.
a game.
SCOFIELD LINE
S. S. "BARBARA C” Sailing for Amoy on 26th June
For Freight Apply:-
A. E. GERONDAL & CO., LTD.
Union. Building
Agents.
Tel. 88387
Question
Today you are "Merwin Maior'd partner and, with neither do
lnerable, you hold: BAJ 9.3.
X 774
D. A
The bidding: Maler Jagoby You
What do you
Tomorrow)
Ailment
The Eversharp Incorporated res ported that for the quarter ended on May 31, a' profit of over; $1, 000,000. WAS: Karnerod, pequat, jo 81.09 a common share compared N.Y. EXCHANGES with former price of 87 conta peri New York, June 24share for, the same stock. Foreign Exchange on the New The company alec reported a $5 York market; Canadian 300 68% 1 per cent sales increase for the Britain :0856 France 86% Averlod-Associated Press. gentinn 24.841, Brazil 5.25, Mexian 20:08:Assoélked-Press.
Minneapolis, Juno 201 Four in 100 väund sacki, 60.
Minneapolis, June 201 Der Quistextraction : "Famflýtam,
8chenken
(Answer
Number one flax sold at 93.35. | $4,08 -Associated Press.
Passengers and freight to Australia.
For full particulars apply to
MACKINNON, MACKENZIE & CO.
Telephone Nos. 27721-4.
BLUE FUNNEL LINE
"AILING TO FORT SAID, LIVERPOOL VIA STRAITS.
ADRASTUS
TEUCER
NELEUS
26th June
3rd July
15th July.
BAILING FOR LIVERPOOL VIA N.E.L., STRAITS. PORT SAID. & AMSTERDAM. LAOMEDON
VESSEL DUE. MENELAUS from UK. via Straits-
26th June
For Passage and Freight Particulars apply to:-
BUTTERFIELD & SWIRE, AGENTS
Telephoner BOBSE""