CLASSIFIED ADVERTISING
20 WORDS $2 FOR ONE INSERTION PREPAID, .#1 FOR EACH ADDITIONAL INSERTION, ADDITIONAL WORDS 10 CTS. PER WORD PER INSERTION
$2
Replies are awaiting at our offlocs for Box Nos. 62, 81, 82, 88, 91, 95.
until
WANTED KNOWN
DON'T choose your gifts you see at 22 Queen's Rond, Cil. Mode Elite's dazzling collections of "Exquisito Genuine Jade-gold" Jewellery, "Pure Silk Embroider- ed" clothing of all description, finest carved" teak- "Prowar-mado
camphor chests, absolutely "In- comparable elsewhere. Also show- ing many "Startling New Ideas" in hats, awimsuits, handbogs.
WINNIPEG GRAIN
Winnipeg, July 5
the Rye futures eased on Winnipeg Exchange in the face of local selling which met in different support.
The sale of 250,000 bushels of wheat for export to the United Kingdom was anno inced.
Closing prices:
Outs .55% .64% Barley
July Rye $3.12, (Celling),
(Celting)-Associated Press.
1
NOTICE TO CONSIGNEE
HOLDING
P. & O., B.I. & E. & A. BILLS OF LADING.
Messrs. Goddard & Douglas will attend at 10a.m. on Monday and Thursdays within the free nage peril to survey damaged cargo, and consignees are request ed to have thell representative vierent..
MACKINNON, MACKENZIE
Agents
& CO.
P. & O S. N. Co. B. I. S. N. Co., Ltd.
E. & A. S. S. Co., Ltd.
NOTICE TO CONSIGNEES
S.S. "SAMDART"
Consignees are advised that claims for loss of or damage to cargo ex the above vessel which arrived on 21st May 1946, must reach this office not later than 21st July 1946 after which date no further claims will be enter-
tained.
JARDINE, MATHESON & CO., LTD. GENERAL MANAGERS, INDO CHINA S. N. CO., LTD.
DE LA
LA RAMA
THE CHINA MAIL, SATURDAY, JULY 0, 1946.
Russian Economy A Puzzle To Outsiders
New York, July 5. The Soviet Union's vast economic establishment is almost as complex and bewildering to for- elghers as are the political alignments of the U.S.S.R. and subdivisions of the land which' occupies one-sixth of the earth's surface. An American correspondent-who has just re- turned from nearly five years residence in Russia-herewith answer a few questions put. to him by an American friend concerning the Russian way of doing things in the realm of business and finance. How does the banking system Russia has a stato bank call- ed the "Gosbank" which has more than 300 branches. Among its. numerous functiona the
operate?
Gosbank,
".
Receives taxes and other re-
venues.
Prints the money and minta the coin, although but little of the latter is now being done.
Floats state loans, Grants credits of a special nature.
Holds reserves of foreign cur- rencies.
Half the profits of the Gos- bank go into the bank and the other half goes directly to the
government.
There is a sub-division of the "Gosbank" which operates checking and savings accounts for Russian citizens and cor- porations, makes loans to home- owners and finances returning soldiers.
There is still another import ant sub-division which looks out for the financing of collectivej and state farms. There is no Buch thing as a direct loan to individual farmers.
qquipment from state stores, pay a certain specified license and then keep all their profits.
In certain liberated sections of Russia small shops are being run on an individual private profit basis. This also includes small restaurants. It is my opinion that this will not con- the U.S.S.R., has tinue after gotten her liborated areas back on their feet.
This business for private profit also prevails in the re- publics of Estonia, Latvia and Lithuania, as well as certain sections of White Russia, the Ukraine and Moldavia.
and
It applies only to small es- enterprises and generally on a basis of a tablishments
place hiring ploveca.
10 or fewer em-
t
Pacific Ship Services
JARDINE, MATHESON & CO., LTD.
SHIPPING DEPARTMENT.
16 Pedder Street
Tel. 89311.
General Managern.
INDO-CHINA S. N. CO., LTD.
SS. KUTSANG 8.9. WINGSANG
S.S. MAUSANG
Washington, July 5. The future "of Pacific Ocean crossing steam- ship services will be ex- plored at a public hear- ing by the Maritime S.S, WINGSANG Commission set for July 5.3. KUTSANG 29 in Washington.
M.V. HICKORY CREST
SAILINGS
to Shanghai 7th July ..to Shanghai 10th July
ARRIVALS
fram. Sandakan 8th July
EN PORT
Custodian Wharf
.T.S.R. Wharf. .Kowloon Wharf 5-N.
All the above subject to afteration without notice.
:
The Commission will study all applications. for subsidies to: scations or extensions steamship concerns or for modi-
of sub-¡ AU Intending Passengers are requested to register their names as nine, trans-; far as possible in advance of thọ time at which they wish to lost sidised services Pacific trade
routes recently!
United decreed essential to States foreign commerce.
Agents: GLEN LINE LTD.
The minimum of 86 Ameri- can flag vessels will be required S.S. NELEUS on nine essential routes and the S.S. SAMSETTE Commission said that "there'S.S. PROMETHEUS can be no doubt that the trans- Pacific routes offer a major field for post-war expansion and development of American ship- ping.'
The hearing will centre S.S. SJOBRIS around the applications of the s.8. NEWBROUGH American Export Lines, Ameri- M.V. DEVON can Mail Lines, American Presi-
due from United Kingdom, 7th July duo from United Kingdom mid July ........due from United Kingdom late July
Managing Agents: AUSTRALIA CHINA LINE
Discharging B-12 duo from Melbourne 11th July ..due from Melbourno lato July
Agents for PRINCE LINE LTD.
How can the operator of a small shop increase his income? If he is one of the private pro-dent Lines, Lykes Brothers at men mentioned above he can Steamship Company, Olympic do it by the obvious method of
Steamship Company and selling more or increasing his Oceanic Steamship Company 3.S, SAMTREDY profit, but in considering these for operating subsidies or modi. operators too much emphasis
fications of existing subsidies,
should not be placed on them. Associated Press, LINES
EXPRESS CARGO-LINER SERVICE
M.V. "MANGALORE"
M.V. "DONA NATI"
M.V. "BENGAL” ́.
....Due HONGKONG 15 JULY
...Sails from NEW YORK JULY 3 ..Sails from SAN FRANCISCO
JULY 4
M.Y. "DONA ANICETA" ...Loads NEW YORK AUGUST
Via PACIFIC COAST
for they constituin but a fruc- tional part of the Russian busi- Are there any companies or ness scenie.
corporations other than govern- Production Taken Over H.C.L. Increase
agencies? Are
Is there any counterpart in shops and department stores business or industry privately owned?
State Runs Companies Generally speaking all corn-| panies and corporations are government owned and operated for the "people."
There ore some individua! shoe-shining business, for instance, is made up of persons who buy their
THE DE LA RAMA STEAMSHIP CO. INC. enterprises. The
Fedder Building
5th Floor
G.P.O. Box 42
Hong Kong
Cable Address:
"RAMA"
AMERICAN PRESIDENT LINES, LTD.
8.5. SCOTT E. LAND
Sailing
For
0th July Batavia, Singapore,
Pobang, Colombo, Bombay, Suez, Port Said. Marseilles and New York.
6. ABERDEEN VICTORY mld. July Shanghai. San Francisco,
Los Angeles Harbor, New York and Boston.
for Passage and Freight apply to
AMERICAN PRESIDENT LINES, LTD.
St. George's Bldg.
Tel. No. 28172/28176
DOUGLAS STEAMSHIP CO., LTD.
S. S. "Hai Yang"
Sailing for Swatow on or about 16th July
(NO DECK PASSENGERS)
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,
SKOLFIELD LINE
S. S. BARBARA C
expected to arrive from Amcy about 7th July: Salling for Manila about 9th July
Union. Building;
For Freight Space
Apply
GERONDAL & CO., LTD.
Agents.
Tol, 88887
BEN LINE STEAMERS LIMITED.
HINGE TOET
of the farm system whereby farmers are allowed to sell that part of their produce not taken over by the government?
The answer is no. Production is taken over by the state.
Is any advertising permitted by such private enterprise as may exist?
This is permitted to a small extent in the liberated areas, but there is nothing which would
with the ad-
In S'hai
Shanghai, July 4
BRIDGE NOTES. vertising done by a retail store ances granted
re-
......due from U.S.A. mid July
Also Agents forget
́S.S. ASPEN PARK .......due from Vancouver about 18th July
BUTTERFIELD & SWIRE
AGENTS:
CHINA NAVIGATION CO., LTD.
SAILING TO SHANGHAI & NORTHERN FORTS
Noon 7th July
SAILING TO SHANGHAI
M.V. "YOCHOW S.S. "TSINAN"
2 p.m. 8th July
2 p.m. 9th July
SAILING TO CANTON
Tam Oth July::::
The high coat of living allow; ances for public servants, in- cluding the fighting services, government school teachers and employees and food allowances for prisoners, have been vised and increased, the City Government has been officially S.S. "HUPEH notified by the Executive Yuan. The high cost of living allow- public servants in the Shanghai- -and others In other countries. South opened a "mouse-trap" Before the war the state- Nanking areas amount to Chin- hand and thereafter could not owned department stores, sport ese $70,000 each, plus an addi stop his partner from going to stores and clothing, and food tional sum 380 times the basic S.S. "FATSHAN" ----- Slam. The outcome was stores advertised rather exten- salary." triumph of poetic Justice, for
on bill- South had
opened the bidding sively, concentrating
clties, but this because of his strong spot-cards, boards in the and it was a spot-card which gave declined during the war.
Most, of the advertising dur- ing the war was for government bonds and lotteries. Certain newspapers devote about a half
The Increases for both high of a page to such classified ad- vertising AS "Help Wanted," cost living allowances and for etc., and it should be mention- salaries will be defrayed by the the ed that the theatres, movies, Ministry of Finance for 10.9.8concert halls and race tracks time being, until the various
him' eventual victory.
South, Deplor Noither side vulnerable
8. A 65
H. & 4
D, 702
C. AK J75
8. K 104
6. Q7632
D. Q 10.0 + ป. 61
W.
D 96 $
.43
*
8. 20
a. QJ 8.5
M
D. A KJ 4.Q10 9 8
The bidding: South
2NT
Weat North Puss
2D Pase 30
East Pass Pass
ID
Pass
Paxs
БС
Pass
40 Pgas 60 Pass Pass
West led a trump, fearing that any other lead would cost a trick Dummy won with the King,and South won another trump with tho alne.
Declarer then led the Queen of hearts for a finesse, holding the trick with the Queen. A low
advertise.
All in all, to use an under- statement, the outlook for the business man in business for private profit is not bright, It's not a part of Communism or Socialism as recognized by the Soviet Union.-Associated Press,
SHIPPING MOVEMENTS
Arrivals
The allowances for public ser- vante and others in other parts of the country and the increases based on their palaries are less than those granted to public. servants in the Shanghai-Nan- king areas.
competent-municipal-and-pro- vincial authorities havo pre- pared and submitted their next fiscal budget to the Central Gov- ernments, when. suitable adjust- ments will be made as regards remittances from the Corftral to the local governmenta-Asso-i ciated Press.
EXCESS CREDIT
Washington, July 6. Foreign borrowers have over three times as much credit as
Subject to alteration without notios,
For Freight and Salgon Passes all llues, please apply 003- BUTTERFIELD & SWIRE
Connaught Road, Central, Telephone, 80231 (Private exchange).
Ship
PENINSULAR & ORIENTAL STEAM
NAVIGATION COMPANY
"HONG KHENG" "SAMVANNAH". "HICHORY MOUNT"
From
Bombay
Bombay
U.K.
In Port Discharging
Mid-July
Yesterday: RFA. Breomdals they can spend this year, the BRITISH INDIA STEAM NAVIGATION CO., LIE.
from Singapore, U.S.S.. Arequipa Commerce Department reported. (A.F. 81), H.M.S. Widemouth Borrowers were unable to get! Bay with L.C.T.'s 1150 and 1151 from Subic,
SHIP prompt delivery of goods they want and cannot use. op their credits. Such credits from the "NIDAROS" United States Government pro Singapore, total around $10,600,-
Scheduled Arrivals Today:-H.M.S."Queen" from
FROM
Cale utta
DUE
Discharging
heart to the Aco prodaced the nine Shanghat Samphill from Milke, boby the end of the year if EASTERN & AUSTRALIAN STEAMSHIP CO., LTD.
from East-the key to the success and IF.A. Etin from Bytinev. ful play.
It was clear that East had alther no more hearts or the lone ten of hearts. If the former, the hearts were useless; if the latter, the heart oight could be establish-
Tomorrow: H.M.S. Vindex from Kure and S.S. Nelow from
ed
South therefore returned to his hund with a high diamond to lead tho Jack of hearts West covered with the King, dummy, ruffed, and East dropped the all-important
་་་
Youth
could then return to his hand with the ronsining high dia mond to discard dummy a last din mond on the established eight of hearts. Only a spade trick had to be lost.
Yosterday you were Howard. Kehonkon's partner and, with haithir alda vuln ble, you hold
U.K.
Departures
Yesterday:H.8. Empire Clyde for Kure, U.8.8. Ozlock, U.S.S. Fred T. Berry and B.S. Garden Park for Manila,
Congress approves the $8,750,- 000,000 British loan proposal.
The borrowers probably car- not spend over $3,000,000,000.
Aduociated Press.
PRICE INDEX
New York, July 5, Scheduled Departures The Associated Press weight- Today:-H.M.S. Comet for Aused wholesale price Index of 85 trafia, and Fort Beauharnols for commodities on July 8 stood at
pomorrow:-LCI (L) 218 for
132.42, ́n now 1940 highe Canton and Fort Sandusky for A week ago it was 122.05 and The previous day was 1.30.9.
Sydney,
U.S. SHIPPING
nyear ago 109.40.
The index based on the 1926 average at 100 stood at a low San Francisco, July 6.
of 103.43 in 1948-Associated Shipping arrivals due today Press. at San Diego:
Appan Saba from Yokasuka, Japan with 1728 passengers:
Due today in São Ernesting. Morani
Passengers and freight to Australia.
For full particulars apply to
MACKINNON, MACKENZIE & CO.
Telephone Nos. 27721-4.
BLUE FUNNEL LING
SAILING TO PORT SAID, LIVERPOOL VIA STRAITS.
Toronto, July 4,
CER
July
July
gold stock suffered