"Fage '8
JAVA-CHINA-JAPAN LIJN N.V.
King's Building, Connaught Road,
Tel: Shipping Dopt. 28018. Passage Dopt. 28017.- Chinese Agents, Connaught Road, C. No. 82, Tel. 25188.
FTM
due from m., "TITJALENGKA" Blanghal & Amoy,
10th y
dur fram Macassar/foaralajný Bemaranu/Hate
Hata
ma. "LISADANES
un or stent 2ing Many.
"BATLAK"
Kobe/Manlia/
Amy, 472
about 24th May.
Baiting for Mantle, Taralan, Macana, Javoperty,
sais Mag
Failing for
Amur Bhangha
an or about 22 May.
NEJ. parte,
D
пн
261h May.
ROYAL PACKET NAVIGATION' CO., LTD. (ORIENT JAVA AFRICA LINE).
fhip
4.5. "TJIPONDOK"
dua frum
In met
"TEGELRERG“
m. "TEGELBERG"
sinhal 1714 May
vr
waiting for
ΓΙ
tending on "Gul May."
Manila, Singapore, Batavia, Mauritiun, Lourenca Marques, Polra, Darbne, ont touch, Port Etabeth, Monelbay, Capelawň,
Alrem.
Muterte, Button, de Amurders, Cargo nevepted an jijft ut Lulin to Malan, Znans
Mumbana.
Through Dar-Pe
Shanghal 19h Mar.
Juliuse for theth Afriend Hunth Aperien 17th May.
(DELI-STRAITS-CHINA LINE)
ma, "VAN HEUTSZ"
Due from
1elawan tell,
Halling ter
BROW & Amer
Pa geport
17
tah Mur.
SILVER LINE LTD,
Ahip
"VERWALNUT
1. "DPERIDGE"
den from
To act
New York, 8. Prancisco
A Vahemer, fat of about 3 June,
hunt 11th May
Falling far
Manila, Dave, Bakit,
Atlantic Colombo, .M. port via Sure tomiin ur almost 14
May.
Peng, Singapore, Atlantic porta vis Harr
HOLLAND-EAST ASIA LINE
Ship
A. "THORHECKE"
ins from
Shoshal
May Loth
"BREDERO"
In part
6.2. "LORENTZ"
Europe.
end May,
THE ORINA-MAIL, TUESDAY, MAY 6, 1947;
MAJOR DOLLAR CRISIS IS "ABSOLUTELY CERTAIN"
London, May 4.
The Ecohomist writes: A major dollar crisis‹ in Britain is "absolutely certain” next year. The recent drawings on, United States and Cana- dian credits have been ominous. Until recently, officials were optimistic about the length of time for which the dollars would last. but there is the greatest apprehension nów, partly because the fuel crisis has harmed the prospects of earning dollars, partly because the time when foods and raw materials will be available from non-dollar sources seems re- ceding rather than advancing but mainly be- cause soaring dollar prices sharply cut the real value of the credits.
to be market is not likely to turn in. The dollars are kely exhausted well before the end of side twelve months into a world- 1948. Britain's plight will then | wide slump in prices of primary serious. Given time, products, which will be Britain's be very Britain's international accounts salvation. More dollars might pos could balance. But time is run-sibly be borrowable in 1849 but hardly before the United States ning short.
presidential election in 1848.
The present
universal acliers
Greece Thanks The U.S.A.
Athens, May 4. M. Saplocles Venizeles, Greek
Minister, Navy
today gave thanks on behalf of Greece for the American loan to his coun- try.
Cutting Imports
Meanwhile, imperts may re- quire cutting-the process to al- made more ready starting and
non-discrimination on severe by which the United States insists. Britain's Imports are essential raw materials and essential foods: cutting the former means unem. ployment; cutting the latter mcants starvation.
LOWER PRICES African
DRIVE
Washington, May 6,
A drive for lower pricen by the head of the National Association of Wholeanters were anndanceit at the White House with President Tru- man's endorsement.
The President declared that "It is gratifying to see this fins response to the plea for price reduction."
aceke to hold The drive down prices at all
lovele Associated Press.
H.K. Stock Exchange
quirt https fair Tolume the afternoon
The market was rather the morning st transerted
lightly lower Tatre.
*
M1
durin
Chun Tele 4 p.m.
H.K. T. Loans
вто Корні водой
101.
1920
Bank HKB Dank 120
Mark (Len. Br.) 11: Chartered 12-1/10n: Mercantile Uk. A 1 2841 Bank of East Asia 110%,
Jn.
ว
Ingurances, Canton Ina, 40: Untań
Underwriters Chlo HTOL: Bets: HX Fire Ins, 33to.
Shipping Douglasen 260h; Ar & 71: Steamboats Un: Inda Chimer (Prof) 100, Bheile eater) 195/-4: Det) FROH: Union Waterboats cum Res. 61. ex.
tn. 2n, Bights lib.
Dorka, Wharves, Godawns, Eir. UK & K Wharves 270; BK Dorka 44; China F'hal Provident 224 28/29 M
Rt.
Duckyrie 17: HK Docks ex. 37% 22. Rights 11 11/16-1/2an.
Mining Baob in 75: XX Mines Bel. 72. Beta.na.
United
Front
Nairobi, Mny 4.
The formation of a United Front with, Afrleans aguinat
AMERICAN PRESIDENT LINES.
REFRIGERATION SPECIAL CARGO OIL TAMES— "CARGOCAIRE-SPECIE
SAILINGS
SAN FRANCISCO AND LOS ANGELES VIA SHANGHAI, KOBE, YOKOHAMA & HONOLULU
NEW YORK AND BOSTON VIA
SS "Hamilton Victory"
(Direct to S.F.)
May
10
SS "Marine Lynx"
May
∙17
33 "General Melga”
Juns
13
SAN FRANCISCO AND LOS ANGELES
May
May
Juno
7
July
•
August
the British Government's plan SS Vanderbilt Victory" for the future administration SS "Skidmore Victory" of East Africa is being contem. | 88 "Lane Victory" plated by the East African In-SS "Rutland Victory" dian National Congress,
The plan was accepted by all East African legislatures, but the Indian und African mem- bers voted against it. 11 pro- vides for:
High
88 "Willametto: Victory"
NEW YORK AND HAVANA VIA SINGAPORE COLOMBO, COCHIN, BOMBAY, SUEZ 'AND MEDITERRANEAN PORTS.
May
8
(via Manila)
Mny
12
(yin Monllo)
May
28
MANILA
May
S3 "Marine Leopard". (also calls Karachi) 1. The netting up of an East 93 "President Monroe"
African
Commiss "Presklent Polk" would ad- alon, which minister services common to all Enet African terri- tories.
2. Establishment of an East African Central Assembly. Indians and Africana object to what they term the virtual withdrawal of equal racin) · re- presentation, which was a fea- ture of the previous plan and which was vigorously opponed by the European communities. --Renter.
This dollar
shortage contains indefinite political dynamite. Seri- ous ration cuts and serious unem- ployment would bust any govern. M. Venizelos, speaking at a ment. The government should dimmer in honour of officers of give the public more information. Elsewhere, the Economist shows
STEEL PRICE the 10,000 ton United States cruiser "Providence," now that Britain's drawings on United in-
POLICY Lande, Ilotets & Bidga, IHatein visiting Piracus, the port of States credit have sharply
IK Lanc 24h Da 28.70 27 26.80/27 fuel February's since Athens, said that "the recent creased
OK/P: Bhul Lands : Humphreys
Cleveland, May' 6. HK Realtime Staten crisis but pressure on the Cana. decision of the United
Fatatra 2014/20
the wage question 2214: Chinese Estates 1906, Government to contribute moroj dlan credit has relaxed.
Pablle Uuden. HK Tramware 134parently settled, major attention 12/73: Peak Trains (013) 11-1/26 11-1/2. (New) 41⁄2 #1, Star Ferries 1201: 120 Taumatt Ferries b; . -Lights
!
Loading for Singapore/Catoreboy Fort Bad/Autwerp/
actively to the recovery of our country, fills the Greek prople with hope."
The
Genon/Marseillon
Hettartam/Amaterdam/
Hamburg/Copenhagen/
Gothenburg/Onto. Hay 102%.
Bingapure/Colombo/ Port Held/Antwery!
Denon/kutilan Ttutterdam/Amsterdam/ Hamburg/Copeslagen/
Gothenburg/Delu.
Early June.
Mandie/Rings{hite/ Calombo/Bor,Tort fish! Gene/Marcilles/ Antwerp Slakterdam/ Amsterdam/Hamborg/ Copenhagen/ Gothen- burg/Onic, most hal
Jay.
THE EAST ASIATIC CO., LTD.
of Copenhagen
M.S. "KINA"
Loading for
ADEN, PORT SAID, BARCELONA, TANGIER, ANTWERP, ROTTERDAM, COPENHAGEN, GOTHENBURG & OSLO,
1
also accepting cargo for Singapore, and Columbo About 10th May
Tanks available suitable for the carriage of oil in buik****
M.S. “MANCHURIA "
loading for
ADEN, PORT SAID, ANTWERP, ROTTERDAM, COPENHAGEN, GOTHENBURG & USLO About 21st-May
Tanks available suitable for the carriage of oil in bulk.
For further particulars apply to: THE EAST ASIATIC CO., LTD.“
Tel. 84111 & 34112.
Queen's Bldg., 2nd floor.
PRINCE LINE
U.S.A. PACIFIC COAST-
FAR EAST-HALIFAX-BOSTON-NEW YORK M.V. "SCOTTISH PRINCE"
Loading New York and U.S.A. porta for Manlia, Shanghai, Hong Kong and Singapore. Due Hong Kong late May.
JARDINE, MATHESON & CO., LTD.
Tel. 80811/ Chinese Freight Agents:-CHEONG FAT CO.
*Telephons 20087 54, Bonham Strand
The Greek people were ready
Dollars Switched
to do their atmost to carry out ments with Canaria have switched the American effort and to re-some establish "internal quiet and to devote themselves to the tasks of peace." he added.Reuter.
Chinese Ship Arrested
recent sterling arrange-
British dollor drawings New York. The from Canada
that Washington efficial report Britain contemplates drawing US- the cr half of $1,000,000,000 total loan during the first year of! the loan agreement implies still faster drawings, but it seems cor- British imports are rect, since enly now feeling the full effect of the steep rise in United States prices.
23
With
at present centres in a likely steel industry price polley, the magazine "Steel" reported today.
Although steel company profits were high in the first quarter, reports of 13 producers indicat-
SS "Marine Lynx"
AMERICAN PRESIDENT LINES, LTD.
St. George's Bldg.
Tol. Nos. 28172/28175
12
Pacific Far East Line, Inc.
TRANS PACIFIC SAILINGS To San Francisco & Los Angeles
-SPECIAL CARGO OIL TANKS—
R.A. "Great Repablic" 8.1. "Lakewood Victory" *s.s. "Drew Victory"
Dita
Salls
May 7
- May 7
via Yokohama
B
19
21
Loads cargo for Saigon.
vin Yokohama
via Saigon and
Yokohama
American Pioneer Line
Arrivals from New York, Boston, Other Atlantic Ports via Panama
Due
(01.106 174 175/17.10, (New) 12/12/125 HK Electri [%b6% 58% 5em; Macao Electrics 20/26an; Bandakan Lihts 7 Rea Telephones (Old) 81, Cam, (New) 10%.
Indasiriale Canton tees 74: Cemetting an aggregate increase cf about 5.8. "RNSOLUTE" 2714 28 27.80/2736×1 HK Ropes 22 per cent over the fourth quar... "COURSER"
ter of last year, an early industry.
16-1/2 1600.
Storm Ac. Dairy Farma 005 01/661⁄41⁄2#2) | wide reduction in base prices of Watson 435: 1.Bhe, Crawford 39 steel products appears unlikely.
40/39an; finceres in China Emporium 10 Bun Co., Ltd. 1b Tan) Kwong Sant Hong 215h; Wine On (R) 1206: Wm. Powell, Ltd. b.
Escellaneous. China Entertalement
28: K Constructions 31⁄4 5%/%m/
18/En: Maraman, (HK). 1/50.
Ewon 11.
It will need careful husbandry Vibro Pling $; Maraman laveste to make the dollar credits last until the middle of 1948, Reu.
Brisbane, May 6. The 815-ton Chinese steamer, Tang Hwa, has been arrested in Gladstone Harbour.
The ter bailift of the Brisbane Supreme Court fastened: the official war. rant, to the ship'n mast.
The ship must walt for sðttic- ment of 1,000 damages writ served on it by the Scottish Shire Line Ltd.
METAL PRICES
New York, May 5. Non-ferrous metals prices held unchanged during the past week except for silver which declined
Cationa
Business
In The
Expectations are that the wage Increase, which alone add about
ני
May 19th
20th
Sallings to New York, Boston,⚫. Other Atlantic Ports via Panama Canal
- SPECIAL CARGO OIL TANKS-
$3.25 per ten in direct labour .. "ST'AGHOUND" cost, coupled with expected ad- #7. "RESOLUTE" clude any substantial price re- * Lands cargo for Shanghai. Vices in raw materials, will pre-s. "COURSER" duction.-Associated Press.
Failures
U.S.
New York, May 5.
Balle
May 7th
21.t
27th
For Full Particulars Call
UNITED STATES LINES CO.
General Agents
814, Queen's Building.
Tel. 31261 (3 Hnus)
The damages claim was ronde 19 73% cents an cunce and quick. Business failures in the United States are showing The SWEDISH EAST ASIATIC Co., Ltd.
after a collision in the harbour siver which drepped to a range
on April 8 between the Tunget $85 to $88 a flask.
wa and the Scottish Line ves- sel, Sterlingshire. Our Own Correspondent.
a steady increase from the record low es- tablished a year ago. That is the plainest evidence that competitive markets are back in many fields.
The two-price system prevailed domestic selling ot in copper, 21% cents a pound and freign at 23% cents.:
The principal casualties have actually required for physical dis- Domestic copper consumers been manufacturing enterprises.tribution of goods. were checred by President Tru- Statisticians of Dun and
Brad. man's approval of legislation sus-street say Insolvencies in the re-t The Ministry of Supply sold to-pending for two years the four tail trade always log somewhat day that the premium charged for tents a pound tariff but no sales behind those in the manufactur
American Ing field, copper to English refined in ct 89.9 per of foreign cent minimum quality would ad- consumers were recorded imme. vance Monday from £3. 10. Odiately. (US$14.00) to
London, Muy 5.
New Businesses There is considerable evidence that a new crop of retailers are making a calculater approach to risks of their capital as well a Manufacturing failures out. numbered wholesaling and retail. their opportunities for profit.
The newer retailers are inclin. two price ing failures in 1940 for the first ed to be more orderly merchants 25. 10. 0 (US- Observers sald the $22.00) a ton. The prices apply system could not last but differed time in American business his to sales by the non-ferrzus metals as to which price would prevail. tory. directorate-Associated Press. -Associated Press.
A BRITISH CROS 5 WORD PUZZLĘ.,
10
15
4
15
.1
B
2
9.
+
12
13
21.4
16
19
20
22.
23 24
26 27
28
29
3:0
121
33
Clues Across
3. Garden pent.
19. Elevate," 21. Minimum.
body. 28. Cant down. 8. Apartment. 26. Friends,
THE HO HONG STEAMSHIP CO. (1932) LTD. Heavenly 2. Plague.
FOR SINGAPORE, PENANG & RANGOON: "HONG KHENG" expected to loaf about 9th May
*** 10th sailing Subject tb' Alteration Without Notice-
For Passage and Freight Particulars Apply: THE HO HONG CO. (CHINA) LTD. 48a, Bonham Birand W.- Fels, 20137 & 2405A
9. Foundation. 29. Attempted.
10. Bring back: 80% Saucy.
to life.
81. Fuss.
12. Perambulate: 88-Pigment!
May
-15. Vision,
18. Capo:
83.-Playthings,
Saturday's Crossword Across)—1/ Mimlony 34"Emac 7 Borrow. 8. Electƒ/10. 12: Toasted: 15. Pabais Toi 17. Opaly 19. Tarifi 10. Monito
Clues) Down
3. Staid.
2. Contrives. •· 17. Fleece,
18. Fastener; 4. Dog. lead. 6. Expanded. 20." Conacious 6. Unexcited,
ofgulit. 9. Entrents. 119 View 18. Mine
- sontranço, 14: Eager 16. Lóck of
•22, Done, by.” #21-Fruit,
24, Souvenir. 27, Aziert.
solemnly, 28. Eapy.
[28. Melzer) 20, Cunala. Agar
Down:
sipany B. Chay Cookers 9. Part")
and better record keepers. Theu. The trend has continued into sands of these new concorns aro untested undor competitive stress this year. For the first two months and have yet to fight their way of this 'year there were 159 manufacturing fallures. These through a bad acason or two.
The magazine "Business Week" | Insolvent companies had liabili estimated at least one out of
ties totalling over $18,000,000.
overy-five businesses in the Unit- ed States was founded in the last) three years and "have known only the best of times as far as prices, profits and sales are con cerned."--Associated Press.
Small Fraction
They represent only an insigni. ficant fraction of American bust nesses.
Dunand "Bradstreet. currently lists 2,500,000 businesses in the
This fa United States. 300,000 above the previous peak established in 1942,
over
The Department of Commerce, which also lists many small sar,
Notice to Consignees ́m.v. “MEDON"
OUTWARDS TO SHANGHAI
In port dlacharging. II.K. about 18th May HOMEWARDS TO EUROPE
M.V. BATAAN M.V. MANGĄLORĘ
M.V. TRAVANCORE
.
.... loading H.K. early June. Tanks available suitable for the 'carriage of oil in bulk. LOADING FOR
PORT SAID, GENOA, MARSEILLES, ANTWERP` ROTTERDAM, COPENHAGEN, OSLO AND GOTHENBURG. For further particulars apply to:-
GILMAN & CO., LTD.
Agents, Telephong, 31146.
PACIFIC ORIENT EXPRESS LINE
Sailing from SHANGHAI, HONGKONG, MANILA direct to SAN FRANCISCO and PACIFIC COAST POETS
Damaged cargo ex the above M.V. "VITO" vices enterprises, lists above vessel will be surveyed at M.V. "MANGARELLA".. 1,000,000 more businesses than | Holt's Wharf between the hours M.V. "KOOKABURRA" Dun and Bradstreet.
10 a.m. and 12 noon on 8th & 9th M.V. "MONGABARRA”
re: M.V. “VILJA” May, 1947 and consignees presentatives are requested to. bo present during the survey.
ETHEL BARRYMORE BUTTERFIELD & SWIRE Hong Kong, 6th May, 1947.
A. M. Sullivan, associate editor of Dune Review, says the United States has "alwayn' had` more ̈re- tallers and retall services than are
QUARTERLY EARNINGS
Denver, May:8; ·
**
HOLDING
The National City, Bank sald --NOTICE', TO CONSIGNEES today that net earnings in the Best quarter for:385 companies totalled $571,000,000 an increase et 2 per cent. compared with the last quarter of 1946. but this was 151 per cent ahead of the first quar, ter of last year when production. was hampered by strikes and conversien, problems.
In 'lie quarterly carnings andly sis the bank said "taking into ác, count the new round of" wage in creases now going into effect, re call price docilner and the abiting in any,
· P. & 70., B.1.4:38 A: BILLS OF LADING Meista. Goddard, &“Dougins will attend. at: 10a.m. on Mon- days and Thursdays within, the fred storage period to survey damaged cargo, and consignees
Loading Hongkong (If sufficient inducement)
Mid May
End May
End June
End. Juue
Mid August
Vessels equipped with bulk oll storagə' facilities. Carge and Passengers apply:- MOLLERS (HONGKONG) LTD,
Queen's Building
- Tel. 31156
Agents
2nd floor
DOUGLAS STEAMSHIP CO., LTD.
$.S. "HAIYANG" Salls for Swatow
on or about 14th May. Subject to alteration without Notice
DOUGLAS LAPRAIK & CO.
are requested to have their For Particulars of Freight &. Passage, Please representatives present. Unless consignoos representatives aro present at the Survey.no: claima can thereafter be admittedener AMACKINNON, MACKENZIS :
lines from: RECARIA AL.CO.
to buyers markets “there appears to be little acubribut: that the peak of business earnings general- Siewne reached to the past two
EA 9.5 Doy Ltd.----
General Managers,~ P.&O. Buliding, 6th floor. Tel. No. 31281
CHINESE SHIPPING DEPT.
20 Connaught Road, CentiIS TOLAND. 24689