THE CHINA MAIL, FRIDAY, SEPTEMBER 5,
1948.
Disposal Of Big Exchanges
DE LA RAMA LINES Sterling Balance In London
EXPRESS CARGO LINER SERVICES
TO AND FROM PACIFIC & ATLANTIC COASTS
VESSEL
DUE
M.V. TRAVANCORE
9 Sept.
M.V. DONA NATI
27 Sept.
10 Oct.
M. V. MINDARO
LOADING FOR
Pacific Coast via
Shanghai Paclite/Atlantic Consta
THE DE LA RAMA STEAMSHIP CO. INC.
Pedder Building
TEL: 28676
BUTTERFIELD & SWIRE
1. CONNAUGHT ROAD CENTRAL Telephones: 30381-8 Private Exchange,
Agents: CHINA NAVIGATION CO., LTD.
*NEWCHWANG"
"PAKHOI"
"FENGTIEN”
"KWEIYANG"
"ANHUI""
"TSINAN"
"PAKHOI" "KWETYANG"
+
"ANHUI"
"FENGTIEN“
"FOOCHOW"
**TSINAN"
"NANCHANG"
"TATSHAN"
SAILINGS TO
Singapore 4 p.m. 8th Sept. (No Passengers) Shanghai 4 p.m. 10th Sept. 'Singapore & Penang 2 p.m. 11th Sept Swatow & Bangkok 2 pm. 12th Sept. Amoy & Swalow 7 a.m. 12th Sept. Shanghai 2 p.m. 14th Sept.
ARRIVALS FROM
Tientsin & Tsingtao 7th Sept. Bangkok, Salgon & Swatow 7th Sept. Shanghai 7th Sept. Amoy & Swatow 7th Sept. Singapore 4 p.m. 11th Sept. Shanghai 11th Sept. Singapore & Salgon 4 p.m. 12th Sept. CANTON RIVER LINE
Salle 4 a.m. 7th Sept. Arrives 2.30 pan. 9th Sept. Sails 7 a.m. 11th Sept. Arrives 6 p.m. 13th Sept.
Agents: BLUE FUNNEL LINE
U. KL SERVICE
Sailing
"ATREUS"
15th Sept.
*"PROMETHEUS"
late Sept.
"BELLEROPHON" "BENRINNES"
"EURYDATES" "SAMOA" "SAMAFFRIC"
Arriving
8th Sept. 2nd week Sept.
10th Sept. 3rd week Sept. 3rd week Sept.
Agents:
For
Port Said, Liverpool
via Straits, do-
From
U.K. via Straits
-do-
-do--
do đo-
AUSTRALIAN - ORIENTAL LINE, LTD.
**TAIPING"
"YUNNAN""
Salling
7th Sept. Arriving
For
Sydney & Melbourne
From
Mid Sept.
Australia
All The Above Subject To Alteration Without Notios. For Passage and Freight Par ticulare Apply To The Above.
DOUGLAS STEAMSHIP CO., LTD.
S. S. "Halyang"
་་
Sailing for Swatow & Foochow on 8th Sept.
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.
TAK CHEONG SHIPPING CO.
S.S. "MAIWARA” Loading on September 6th for HAIPHONG vừa MACAO Sailing on September 8th
For Freight and Particulars please apply to:--
TAK CHEONG SHIPPING CO., 20, Des Voeux Road C., 3rd Floor,
Tel. 25125
The HO HONG STEAMSHIP Co. (1932) Ltd.
S.S. “HONG KHENG”
Sailing to Amoy & Swatow 12th September Loading for Singapore and Penang 17th September Subject to alteration without notice
For Passage and Freight particulars apply:
THE HO HONG CO. (CHINA) LTD.
488; Bonham Strand W.
Tel. 20127. &"25640
London, Sept. 5. An article in the monthly economic journal, the. "Banker," discusses the disposal of the £3,500,000,000 balances, of which part is to be Immediately released.
It is hoped that the sterling area countries will continue to hold the bulk of the monetary and banking reserves in London and these funds will presumably be invested on short-term issues and, on the present basis, should not cost much over half per cent,
The prewar amount normally on deposit in Londoh on over- sens account varied between £600,000,000 and £760,000,000 but given price rises and ex- note cirulations pansions in backed by sterling soets, the range may in future tween $750,000,000 and £900,-
000.
klo be-
New York
Exchanges
Londen, Supt. 4.
On New York 4.025, 4.085, Mon- treal 4.02, 4.04, Zurich 17.84, 17.84, Stockholm 14.47, 14.50, Buenos Aires unquoted."
75.4410,
Brazil (scilers).
Belgium
Uru
167.50,
Page
JARDINE, MATHESON & CO., LTD.
SHIPPING DEPARTMENT 16 Fedder Street Tel. 80811.
General Managers.
INDO-CHINA S. N. CO., LTD.
guny unquoted, Paris and French Empire 480.30, Syria 881, 885, 09,80, 100.20, Swiss Bank Notes SS. "WOSANG"
6.5. "WINGSANG" 17.50. Middlo
17.26
Netherlands West Indies 7.68, Holland 10.69, Panama 4.02. 4.04, Denmark 19.32,
10.36, Prague 201, 202, Norway SS.. "WINGSANG” 19.08, 20.02, Netherlands East In S.S. "EMPIRE PERLIS" dies 10.08, 10.70).
Forward Rates One Month:
United
States B
p.
D, Canada 8.8. WOSANG, AD, Switzerland p, D. 99. "EMPIRE FARRAR" Sweden 12.1D, Paris 40 SS. BANG! cents, 40 cents, Holland 1 cent. 15.S. "EMPIRE WITHAM" cent.
Bank of England Clearing. Rates: Madrid 44.00, Italy 71,25. Free Market Rates: India 17.94,
120, Australia
New York, Sopt. 4. American A/C Sterling 4.03-7/10, 4.08-0/10 American 18.06,
SAILINGS
to Saigon, Singapore & Penang 9th Sept. to Shanghal Uth Sept. ARRIVALS
IN PORT
from Shanghal 6th Sept. from Shanghai 10th Sept.
Kowloon Dock.
Kowloon Dock
Kowloon Dock.
(Ben Line Berih) Kowloon Dock.
Subjeci to alteration without notice.
"125.60, | All' intending Pospenzere are requested to register their names de
Alexandria 97.576, Singapore 2/4-1/32, 2/4, 14-1/16, 1/3-1/10, Phlippines 8.10, 8.15,
Switzerlan! 07.2008
9.20,
Rangoon
Agents: GLEN LINE LTD.
It is impossible to estimate A/C Sterling 3 Months 4.03-7/16, South Africa 100, 100.50, Teheran far as possible in advanos of the time as which they wish to love the amount to be cancelled 4.03-9/18, On Sweden 27.82, 27.85, 128, 180, (which will face a great politl-France 84, 84% cal resistance) but it must be (Official) 24.00. 24.26, Switzerland
(Free) 23.95 offered, Spoln remembered that Britain has Portugal 4.04b, 1.00a, Australia 1/5-15/16, 1/0-1/16, Shanghai un-
S.S. "PROMETHEUS" મ
New Zealand 3.20
South quoted.
Special A/C Rates: Lima 2 .10, S.S. "GLENAFFARIC” India 30.20, Chins 3,3206, 26.10, Lapaz 168.62, 170.32, Val M.V. "GLENARTNEY"
offered, 20.
substantial military stores etc. 13.4 4.02%. British East Africa
In many countries concerned and their disposal to the gov
ernments may cut considerably renting (Official) 29.78, paralso 100.025, 101.300, Turkey M.V. "GLENSTRAE"
into the balancea.
Adsuming that some 2,500,- 000,000 of the total of 3,052, 000,000 of sterling balances can be subjected to some form of funding and this amount will be repaid over fifty years with an average interest of one per cent, the annual charge should be around £60,000,000, begin- ning in 1961. Adding £35 000,000 payable on the United | States loan and 210,000,000 on the Canadian, the amount due would be £105,000,000 annual- ly, which is a grim prospect and widely unrealised by "the British pablic.
Writing Off
сазса
The bulk of the debt would anyway have had to be fund- ed. Equity claims would in certain
doriand writing off and Britain would have been compelled to offer of the convertibility of part assets as far as she was able,
Colombia
duo from UK. 8th Sept.
due from UK. 7th Oct.
duo from UK. 10th Sept. loads for Rotterdam, Antwerp, Amsterdam and London about 37th Sept.
Managing Agents: AUSTRALIA CHINA LINE
db, Bolivin (Omcial) 2.00,
Central American A/C Rates: Argentino (Free) 24.75 Bolivia (Free) 2.38, Chile (Of Mexico 19.45, 19,86, Bogota 7.00,
27.00.-Reuter. clal) 5.10, Chile (Free) 3.25, Chile (Export) 4.00,
0.08, Cuba 100, Ecuador 7.60, LONDON DISCOUNT Guatemala 100,
Holland 37.78, ste
RATES Urugaay 68.90b, Venezuela 29.90. Mexico 20.60, 20.63, Peru 15.50n,
London, Sept. 4. Netherland West Indies 53.05.
Day to Day Loan per cent, Dutch Guiana 63.36, Montreal on Short Money to 1. Bank Bulls. London 4.02, Montreal on New 3 Months 17/32, Bank Bills, York 97.000, Swiss Bank Notes Months 9/10 to %, Fine Trade SS. “PERIOD“ rate 28.00, 80.00, Belgian Franc Bills, 9 Months to 1%, Fine 2.28, 2.28%.
Trade Bills, 6 Months 12 to 2%, Treasury Bills, 2 Months 6 to 17/32 Reuter,
N.Y. STOCK MARKET
LONDON SILVER & GOLD
London, Sept. 4. Silver, Spot, per fine oz. 55d, Silver, Forward per fine oz. 55, Bar Gold, Fine, oz. 172/3.--Reu- ter,
whether the United States had Per 37, Avlation Corporation Lead 30%. New York Central i
Pan-
been granted or not. As Lorddal Steel 99, Bosing Air American Airways 15%, Pennsyl
Keynes sald in a speech in the House of Lords last December, the only way was for Britain
20,
• Corporation
Stool
M.V. "KAFIRUSTAN" and. from Melbourne discharging Buoy AÐ loads for Shanghai 12th Sept. and for Sydney, Melbourne, Adelaide early October.
.... die from Sydney 28th Sept.
Agents: PRINCE LINE LTD. Chinese Freight Agents: CHEÔNG FAT CO.,
64 Bonham Strand E. Tel: 20037.
Agents: THE WESTERN CANADA
STEAMSHIPS LTD.
S.S. HASTINGS PARK .. arrd. from Vancouver-Discharging E2. [S.5. "KITSILANO PARK"
dus from Vancouver 12th Sept.
PENINSULAR & ORIENTAL STEAM NAVIGATION COMPANY
New York, Sept. 4. Closing stock market quotations: Alaska Adams Express: 16, some
Juneau 6, American Can 92%, American Smelting 48%, Amori-
Copper can Telephone 173%, American Manville 123, Kennecott
Ward 71, Waterworks 18%, Anaconda Cop-45%, Montgomery
National Distillers 24%, National Locomotive 28%, Barna-
Motorn 7, 18% Packard 24%, Bendix Aviation 88.
craft 23/2, Borden Co.
46%, vania RR 81%, Radio 10%, Real Silk Canadian Pacile 15%, J. I. Case
10%
Ship 74% her. But the Washington agree- i
31. Socony Vacuum | “ATREUS" P-ducts 64%, Dupont de Nemours 88, Shell ment raises two handicaps..
Firstly, by setting a time 184%, Eastman Kodak 220, Elec-15%
of "SAMETTRICK" dard Brands 41, Standard Oil limit, which is bound to impede trie Light & Power 18, Genera: Britain's freedom of manoe 67%,
Electric 40, General Motors Calif G1%, Standard Oil of N.J. "BENALDER”
Goodrich
Good-60% Studebaker 20%, Union Bag TREVETHOE" 74, vro, and secondly, by resealing
94%, U.S. 60%
Min- 30. Union Carbido
"GLENIFFER" Homestake in advance the benefit of con-
39, International Harves Rubber 63%, U.S. Steel, 77%, Wes- ertibility of current sterlingter 78%, International Paper 445. tinghouse 274. Youngstown Sheet earnings, thus removing a pos- International Tel & Tel 22, Johns & Tube 67%-Associated Press. sible bargaining counter. -- Router.
Tobacco
Scars 27431
Reynolds Chrysler 974, Colgate 32, Schenley to cash the cheques drawn on 139rcial Solvents 22, Cornf
moons 15 il pacific 40%, Stan-
London Stock Exchange
Londen, Sept. 4. Consols, 2 per cent 1945/75 97%, Conversion Loan, 3 per cent 111-7/16, War Loan, 3% per | cant 107, New War Loan, 3 pur cent 100% Victory Bonds, 4 per
year
AMERICAN PRESIDENT LINES LTD.
Speed-Frequency-Dependability Refrigeration Special Cargo Ol Tanis-Cargocaire-Specta
S.S. "HANNIBAL VICTORY"
S.S. "PRESIDENT POLK”.
SAILING
FOR
Los
Francisco, 7th Sept. San Angeles, New York & Boston. 10th Sept. Ma nila, Singapore, Penang, Colombo, Bombay, Suez, Port Sald, Alexandria, Naples, Genoa, Marseilles, New York & Boston.
Colombo, Bombay, Suez, Port Said, Alexan- drin, Naples, Leghorn, GenoR, Marseilles, New York & Boston.
cent 118-9/18, German Loan, 7 per 3.8. "LOUIS MCHENRY HOWE" 20th Sept. Singapore.
cent (Dawes), 11, Japanese Bonds,
6 per cent, 1907, 20%, Cantou- Kowloon Railway' 23,
Tientsin
Pukow Railway, 5 per Lung-Taing U. Hai Rly, 6 per cent, 1918 29, Beory Lean,
5 per cent 1013 (London Isa) 1. Crisp Loan, 5 per cent, 1911 49, Hukuang Raliway, 5
ent, 1011 28, Honan Railway, 5 per cent, 1905 Shanghai-Nanking Railway cent 29, Mercantila Bank of Chartered Bank H.K. & H.
321/2
of
"A"
I, A. & C. 12-10 Corporation
Shanghai Ranking 892, Lydenburg Estates 121/3 South Africa Townships 31/1, Selection Trust 46/7, South Africa Torbanites 13/-, Canadian Pacific Mexican Engles 13/10. avings
Bonds 8% 1960/05 100% Savings Bonds 8% 1986.75 107%-Reuter.
N.Y. COTTON ·
Now York, Sept. 4. Cotton declined almost $2 a balo but recovered most of the loss. Unsettled securities and generally favourable, cotton weather report and higher private investments in 1940 crop brought selling. Futures closed 0 to 60 cents lower.
Oct. 95.98, Dec. 36.97, March 36.74-75; May 86.41, July 34.82 bid, Middling spot 36.68-Associated Press.
CHARTERED BANK
DIVIDEND FE
4
Ship
From
U IC-
KARACHI & BOMBAY
U.K.
U.K.
U.K.
Loads For
U.K. via Straits
The
Dlacharging 7th September Mid September
October October
Ready
Mid-September
Loading
"SAMSOARING"
Accepta cargo for LONDON, ANTWERP & ROTTERDAM "SAMNEAGH" SINGAPORE & BOMBAY
Cargo accepted on through Bil/Lading,
for Karachi and Persian Gulf ports.
BRITISH INDIA STEAM NAVIGATION CO., LTD.}
Passengers and Freight to India
EASTERN & AUSTRALIAN STEAMSHIP CO., LTD.
FROM
Tel. No. 28172/28176.
SHIP
"EASTERN"
-SHIP
"NELLORE" "EASTERN"
Australian Ports LOADS FOR
For Passage and Freight apply to:- AMERICAN PRESIDENT LINES LTD.
St. George's 'Bldg
The East Asiatic Co., Ltd
of Copenhagen
Homewards
M.S. "MANCHURIA”
loading hero about 11th September
for
PORT SAID, ANTWERP, ROTTERDAM, COPENHAGEN,
8.6. "TAHSIS"
B.B. "TAHSIS"
OSLO & GOTHENBURG.
..due Hongkong about 18th inst.)
from U.S.A. vin Shanghai. loading for Bangkok about 17th
Inst.
For further particulars apply to: THE EAST ASIATIC CO., LTD. Queen's Bldg, 2nd floor.
Tel. 34111 & 34112.
A cable from London announcer IVARAN LINES FAR EASTERN SERVICE
that the Directors of The Char- tered Bank of India, Australia & China, have declared an Interim Dividend for the currant year of 34 per cent subject to Income Tax.: Dividend payable on 2nd October. This is an Increase in the rate of 1% over the dividend declared for the corresponding" pozled in 1946.
Alexandria. Sept. 4. Gold, per 'fine -otinos Plastre-Reuter.
M.V. "REINHOLT” ·
Expected to arrive September 7th from NEW YORK via PORTS,
Loading for NEW YORK about 10th September
For freight and particulars apply to:
WALLEM & CO. Hongkong & Bhanghai Bank Building
SYDNEY 'SHANGHAI
Passongers & Freight
For full particulars apply to
DUE
-
Discharging
READY
16th September
9th September
MACKINNON, MACKENZIE & CO.
Telephone Nos. 27721-4.
MAERSK LINE
MS. "MARCHEN MAÉRSK”
Loading for Los Angeles, Panama, Baltimore, Philadelphia, Boston
and New York
... mid September.
for Particulars please apply to:----
JEBSEN & CO., Agents
Pedder Bailding, 7th floor.
(Shipping Department Tel No. 22802)
BEN LINE STEAMERS LIMITED.
BAILINGS TO U.K. VIA STRAITS.-
5.5. "DENLOMOND". S.S. "BENCRVACHAN
S.S. "BENRINNES 5.3. "BENALDER". 5.8. "BENTOMOND" 5.8. “BENCHYACHAN"
FREIGHT ONLY,
VÉSSELS DUE
LOADING
Late September.
Late September.
loading for London Mid Sept.
lars apply. doi:
2nd half Bept. ***Lat: Half Oct.
2nd half Sept.
Co. (CHINA), LTD.