Pago 8
JAVA CHINA-JAPAN LIJN N.V.
King'a Building, Connaught Rond,
Tel: Shipping Dept: 28016. Ponnage Dept,' 28017. · Chinese Agents, Connaught Rond, C. No. 82, Tel. 26133.
Ship
due from.
PA. "TJISADANE”.
In port
88. "PHBADAK"
Java, Macassar
& Manila,
21st July
Ship
Salling for Amoy, Shanghai & Japan, 19th July
Ainoy & Manila,
24th July
Agents: K.P.M. LINE'
(ORIENT JAVA AFRICA LINE).
due from
Loading for
*STRAAT SOENDA” South America Mauritius, Lourenco
South Afcien
Strul July
Shanghai
Marques, Beira, Durban, East London, Port Elizabeth, Mosselbay
Capetown. Buenos Aires, Montevideo, Santos, Rio de Janeiro, 29th July
Transhipment cargo on through Bill of Lading accepted for Bat-Ex. Salaam. Melasa, Zansibar.
n.s. "BOISSEVAIN" In reconversion Loading for South Africa
Suuth America August
Suitable cargo tanks for bulk of
(DELI-STRAITS-CHINA LINKY
D. "VAN HEUTSZ" Belawan Dell,
Ship
Swatiw & Amoy, 9th July
Penang & Singapore,
18th July
SILVER LINE LTD.
Agents:
due from
& Karachi.
on or about
Sailing for
ms. "SILVERSANDAL" Persian Gulf ports 1.8. Atlantic parts
26th July
vin Straits and
Suez, middle of August
HOLLAND-EAST ASIA LINE
Agents:
Ship
IN
"SIMON STEVIN"
due from
Shanghai 2nd July.
Suluble cargo tanks for bulk of
1.4. ERASMUS"
Europe
28th July
CA. “HUGO de VRIES
Europe
Jate Angust
Suitable viegs, tanks for bulk vil
Loading for
Manila/Singapore /
Colombo/Suez /Port Said /
Genon/Marseilles / Antwerp/Rotterdam /
Amsterdam 'Hamburg/
Copenhagen fiathen- burg/Oslo,
22nd July.
Loading for Manila/Singapore / Colombo/Suez/Port Sald/ Genon Marseilles/ Antwerp/Rotterdam / Amsterdam /{lamburg/ - Copenhagen /Golben- burg/Oslo,
end August.
Loading for Manlia/Singapore/ Columba Suez. Port Sald/
Genna/Marseilles / Antwerp: Rotterdam/ Amsterdam Hamburg/
Copenhagen/Gothen- burg 'Qsto,
end September.
Peninsular & Oriental S.N. Co.
SHIP
"TREVAYLOR" 'DAN-Y-BRYN"
"SCYTHIA"
'STRATHNAVER“ **E REAVOR1.18**
"TRESILLÌAN"
TREWIDDEN"
**THEVAYLOR" •
"STRATHNAVER"
(Passengers only)
ARRIVALS
FROM
U.K. & Strails Bombay
& Karach
U.K. & Straits ...K. & Straits
.UK. Genoa
& Straits
Boinbay, Colombo & Straits.
·
DUE
Discharging Early August
8th August 15th August
August
August
THE CHINA MAIL, FRIDAY, JULY 13, 1947, 1, 71
CLARIFICATION OF THE
NEW STATUS OF STERLING
N.Y. Stock Market
Now York, July 17. Individual stocks absorbed fur- ther selling with fair amount of success although many market headers continued to rest in the minus ranks.
Transfers Jutalled 1,070,000 shares. Short covering and timid Investment demand accounted for the improvement in late trading Numeroua
however, trimmed accounts" on the theory
Eustomara
that technical currection is about ilne.
Gainers incluzied tion Oll, ben dix. Home Appilunees, Standard Of of Ohio, Allied Chemical and West Indies Sagar. Among the Inggards were Douglas Alreraft Pacific and Western Oll, J. C. Penney.
Dow Jones
Averages: Stocks 65.89, 20 Industries 183.40, 15 Kalt 49.60, 30 07:10 8.66.
Closing quotations:--
Adom, Kviews Us, Abeka Jutom 54. Anuvieun Cần 92%, Amerkan Boelt - Item 01 American Telepšené 16196. Anterior Toluca 75%, American Water, Metha 4. Anonda Copper 37 199, Maresebril 20, Bendix Aylation 144. Melchen Steel pa, Roving Atzerat 37%, Border Po 40%, Canadian Partie 12^. d. 1. Cure 20%. Colle. Commercial
Aviation Car 0%, Bublwin cumotive
Fight &
Solvente 28%, Born Parteis dā1⁄4, Du pont 1954. Bastusan Kostek 475. Eletrie Power 17. General Elmetrie is tieneral Motors fil, Castelch 14,
setpor 4, fireshot 10%. Home Aake Minime 44, Titernetional Hars. 23. Interantional Pan 15. International T ATA 1% Job Manville 41. Konnerelt Copper 47%. Mostromery Ward 42%. Nitional Distillers 211, Natlant
Now Youk Gensical 10
1
London, July 16.
A further authoritative clarification of sterling H.K. Stock
new status was available here today. "Conver- tibility" is a misnomer. Britain has under-
taken to make sterling available for payments Exchange
but has not undertaken to convert it into dol- lars, gold or anything else.
dollars;
Overseas central banks are entitled to use their transferable sterling anywhere in the world but private citizens can do so only through their central banks. Convertiblity into can be exercised only by Ameri- cans, who ultimate'y receive sterling for United States EX- ports. This occurs because the Bank of England buys, and will enlieue buying, any stering offered in New York at 4.0275 dollars but this is only a Bri- fish polley, not an obligation.
Reatively tlje transferable
Uruguayan
Rails Sale
London, July 16,
The "Financial Times" said
The tempo has somewhat slackened but bout quotesione belni materially affected. Closing fries 3.80 p.
ILK. Govt, Laminas 455 Luan 100%;
Low 191b X/ Int.
Tanks R.K. & S. Dank 1020, 2000s. Lon. Steg. X.D. £11814: Charterri Bank 1-1/160; Mercantile Bank A. A 3. En Dank of Hast Aalu 1091.
Insurance Canton In, Don; Unlan Ina. RODA, TRS14; China Underwriters BIS 1.. Fles ini. Bón.
Shipping: Douglases 245n| HK. A M. (Prefe Steambonka Jing) Indo Chines 1010. Def) : Abella (Bearer) 103/ns Unlon Waterboats (0) 265, (New) 145b.
sterling is likely to go to New today that the sale of Urugun-1 York for conversion. Oversens
yan rails probably would be in countries must hold
sume to the neighbourhood of £11,000,- finance their future lofta," from the sterling area and much ster log will circulate for international trade, ·
Decks Wherves, Godawan, strz HR, A K. Wharvan 144b, 250m) XIX. Ducks 16h. = }}/%an: China Providente 225, 12. z; Bhanghai Dockyards 12.
Mining: Raul Mines 70; B.R. Mor Get. 1.
Landa, Hotels & Bidar.: H. A 8. Hutaža (2445, 24%), 24%/%; H.K. Lands
k34, 82an; Shanghai Larvie &n; Humphery.
This price, it was pointed | Estates 24146, 254, 26% *; 16.K. Rest nut, roughly equalled theater-: Chloe Fatates 196. London's business in Grant-ng blocked in Britain
Publie Utilillen: 1.K. Tramwaye 26% 2. after 261 26147.40/1: Peak Tram (Old) ing international trade has "in pizchases of other utilities undo, New) 4: Star Ferries 120, 121 creased tremendously" lo
the Greek amount deducted.. A Yaumati Ferries Sin: China Lights trast 18 montis, Outside Lhu
((1K) JUAN 1736 175500, (New! sterling area. London has recap- Commenting in the financial Electrics stb, Gules, a tured more than its prewar column. "By Lex," the "Finan Bandakan Lights 13n: Telephones (Old) V754an; Muzna Electrics" 21b, 41%on; share and is being offered more vial Times" naid: "The lower 49. (New) 54%, 34518. than I can finance from Bri-imit is at, say. £8,000,000 (for tain's own resources,
the Uruguayana are bound to fita,} Despite the "nonsense" about suggest at the start, in a friend- "dolar imperialism," the Unit- ly way that the railways are vil States banking system is not¦ junk: and the upper limit is at } Watacnu 45144. 65/85 J/%s: Lair propared and not willing in take 12,000,000,"
over the financing of internn- tlonal trudle. Every country
· Industriala's Canton Tees 75ển : Cementa 255, 25% 72ñea. (Rights) 34%%, 10%/10am! H.K. Kopes 20%* 20 % ma
Stores & Dairy Farme Mab, k2m, Alim
Crawforès (03: Dincerm Dir: China Emi parlum (Converted) 140; Ben Co., Ltd. 640 E HART long 224n: Wink Un The writer pointed out that. x. 1260: Wm. Powell. Ltd.
Entertainments
China
(Now) 41⁄2n; Yibro Pling 61⁄4n: Mareman
which has been granted trans-bu'nnees total £17,000,000 of sign. Packard Madera 6. Paa American Air-ferable stering has undertaken which €2,000,000
Miscellaneous (perhaps wats 18%, Pencodvaudu 11 21%, Radio.
*4,000,000) will be paid for by 12. ; I.K. Constructions (Qld) Ts, to allow it to be spent only for Corp. 20%. Revulder Strel 28, Reyan
other utilities aside from the investments 19/2h; Martan (H.K.)_3/9n. current purposes and is entitled to take sanctions ruilways.--United Press.
| Tiðmenn 125, Betenler 39, Sears 1.
buck 29%, het) to 223, Sonny Ynem
TRA Bontbren Furilia 45, Sardagainst abuse.
Itrand 2, Kumbard CHF it,
Britain
Mandard of N.J. 163. Sendetanker Moreover, before any French-
24 inho a 3%, Bakes Carbide
%, 118. Junder G, 1.8. Strel 7 (1.5, Jelena 21% Weating bobe 216 Youungstown Shaet.& Tu 0734. Girn, Pake Ulti 14 --Associated Press,
London Stock Exchange
Loniton, July 16.
The Stock Exchange opened it
to the general
MA, for example, can spend his i transferable sterling in the f United States he must deliver it) to the Bank of France.
"Not every Frenchninn is willing to do that.”
་
Ceflager Ewos Hr.
AMERICAN PRESIDENT LINES.
4
REFRIGERATION-SPECIAL CARGO OIL TANKS
CARGOCAIRE--SPECIE
SAILINGS
SAN FRANCISCO AND LOS ANGELES VIA SHANGHAI, KOBE, YOKOHAMA & HONOLULU
69 "Prealdent Grant" (vla Shanghai) 89 "General Meigs"
....... July
20
Aug.
7
88 "General Gordon"
Aug.
21
*NOTE:" Third Class Passage Fare train Hongkong to Pacifie Coast, in US$175.00 Plus, US$8.00 for persons who are not U.8. Ültizens.
NEW YORK AND HAVANA VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY,
SUEZ AND MEDITERRANEAN PORTS
(Calls Karnell) July
88 "Scott E. Land"
SB "Marina Snapper" 83 "Marine Filer"
8.5. "Martuse Lynx”, SS "General Meigs"
MANILA
34
July
27
Aug.
ก
July
18
Aug.
1
AMERICAN PRESIDENT LINES, LTD.
Ft. George's Bldg.
Tel. Nos. 28172/28175
Pacific Far East Line, Inc.
- TRANS PACIFIC SAILINGS To San Francisco & Los Angeles
SPECIAL CARGO OIL TANKS--
8.8. "LAKEWOOD
VICTORY"
8.8. "FLEETWOOD" 8.S. "PACIFIC BEAR" 8.8. "LIGHTNING"
Dua
Saite
F
July 21
July 22
Via Yokohama
24
24
Direct
20
30
Aug. $
Aug. 5
Via Yokohama
Dircet
Inland Revenue Statment American Pioneer Line
(Continued from Page 1) tax and so far, the response has been unsatisfactory. It should be pointed out that any person who pays interest on borrowed undar 8
business provided that the theft was a genuine one and vouched as such by the Police,
Half Per Cent
Bad debts owing by Indivi- Britain wil not pay more
Digney duals or firms outside the than half per cent interest on
mortgage, Co'ony would also be allowed accumulated sterling balances. No market is likely to develop bil of sale or debenture, which upon the production of satin- in blocked sterling--beca se, it is egistered with any public factory proof.
new three-weekly holiday, account cannot be used for anything. Authority or public oficer and When asked the position in a disappointing manner, with heavy discount of about 40 pery person who pays interest where a firm was unable to pay sections ensing.
Gilteriged, however, after half-cent would deter its use in the money borrowed for the income tax on profits in view point gains, closed unaltered but
New York market in sterfing purpose of carrying on a trade, of the fact that tax was being industrials est ground.
socurities.
profession or business, is bound) levied with a retrospective The exception
A though yesterday's oblign. by Section 30 of the Ordinance effect, Mr. Pudncy said that dullness was provided by Anglotions were imposed on Britain. deduct therefrom 10 per cent her ar no excuse for those Iranians, which were better after she would, anyway, have had and pay this over to the Inland who had not made the necessary allowing for dividend deduction. 'to effect some multilateral con-
Revenue Department.
provision. In exceptional cases, There was further animation it vertibility of sterling by this "Any person who falls deduct where the Department was con- central Uruguyen rail
stock dinte. If, however, it bad been this 10 per cent is still able to vinced that penuine hardahip Gold and coppers were dull. allowed, gradually the Greeks rallied among Europeans, would have been
word the Department. Information existed, payments in instalments --Reuter.
spared the la now being collected regarding would be considered. anxiety and
which such mortgages, pressures
bills of sale, have been caused by this im- debentures, loans, etc., and when posed deadline,—Reuter.
the necessary records have been opened, those →persons who
The adoption of this procedure iove to the Inland Revenue De-
1947, and who have not pald Partment, tax in respect of in- in the collection of interest tax tercat accruing since April 1st. Yould, sald Mr. Pudney, save
individuals much trouble.. over the tax will be called upon prezent strength of his staff is Mr. Pudney revealed that tha to account for such KUTTIN whether or not they have been 65, but that he is expecting the deducted from the interest pind. Officers fram Home in the near arrival of five senior Assessing Failure to comply with these
future. provisions of the Ordinanco
able to severes penalties. renders persons concerned
STEEL SCRAP SPURTS
SILVER-PURCHASERS should havo-deducted-and-pold
per ounce.
New York, July 16. New York, July 17. Sharp spurts in the price of 200,000 ounces on the basis of Silver consumers bought about steel seran this week delivered a unchanged 65 cents severe blow to any hopes that There was no confirmation of any President Truman's plea for foreign business.-Reuter. stay in the rise of steel prices would be effective, the metal- working paper "Iron Age" says.
Serap pricus advanced this week dustry sources wers convince.] with the Iran. Age" composite that high seran price and new price climbing in $17 a ton-up coal price necessitnir steel price $2.17 from Inst week.
bugst of more than $5 a 183.-ẬY- The paper reported some in-szelated Press,
Bombay. Columbo
.U... Genoa,
B.K.. Genc. Hombay. Colombo & Straits. SAILINGS
September
TO
READY
2
+
-Shanghai & Köbe
20th July
Straits & U.K.
10th August
18
2nd Sept.
Also
SUP
"TREVAYLOR" "
"SCYTHA"
(Passengers Only)
Strails, Genoa & U.K, Mid Aug. Straits & UK.
• Accepis cargo for London. Antwerp & Rotterdam.
Recepts cargo for Madras on through bills of lading.
British India S. N. Co., Ltd.
Passengers & Freight to India
Eastern & Australian S. S. Co., Ltd.
ARRIVALS
sur
*EMPIRE ATHEESTAN”
"NANKIN"
་
A BRITISH cross woRD PUZZLE
4
10
4
13
13
16
17
18
19
FROM
DUE
72
123
...
Melbourne & Bydney
Early August
124
.Australia &
Mid August...
New Zealand
126.
For full particulars apply to
MACKINNON, MACKENZIE & CO.
Telephone Nos. 27721-4.
HONGKONG-MACAO LINE
3.8. "WING KING"
DAILY SERVICE
Leave H.K.
1.30 PM.
Hongkong Berth - Tung On Whart
Clues Acrost
3. Rebound.
B. Lucky"
charm.
D. Souvenira.
11. Client.
19. Come Into
view. 22. Fine
residencos.: 24, Bangle.
18. Tambled. 25. Make
*ffervescent.
Leave Maczo
18. Exclude.
3.00 AM
18. Drawing- 20. Banner,
room.'
Yesterday's Crossword
Connaught Road, Central Mackó Berth No. 20 Whart For Freight & Passage please apply - TAK CHEONG SHIPPING CO.. Phones 25115
Whiteaway Laidlaw Building.,
28125
25
120
2!
Clues Down
1.'Dry up.
placo,
**
Dealing with the interest, tax, Mr. Pudney said that arrange- ments were being made to have this tax deducted through Soll- citors and firma of Accountand
Notice to Consignces S.S. "KWAISANG"
From Calcutta, Strails and Saigon
"It should be noted, however, that the obligation to deduct Interest Tax from Interest pay- able does not apply to, interest which is paid to a Corporation currying on trade or business In the Colony or to any bank approved by the Commissioner, So far the banks which have been Damaged cargo ex" this vessel approved are the members of will be surveyed in the premlacs the Exchange. Banks Associa of the Hong Kong Kowloon tion and various others,
Wharf & Godown Co. Ltd. bo.
Arrived 14th July, 1947.
"As there seems to be some tween the hours of 10 am. and doubt in the minds of many July, 1947. Consignees are ad twelve noon on Monday, 21st people as to what is required of visad to have their Representa them under the provisions ro- tives present during the Survey. garding Interest Tax, any per
son who so desires is invited Consignees
to consult the In'and Revenue claims for damage or shortage are warned that Department, 4th floor, Windsor may not House, where the Appeasor in damage
be accepted if the Charge will be pleased to give Mears, Goddard & Douglas In is not surveyed by him the necessary advice.
the presence of Consignees re-
"The pubile. generaly, are presentatives at this appointed again reminded that the officials time.
of the Inland Revenue Depart- ment are prepared at all times. to assist them in any of their dfmeutics without charge. Persons who may be in doubt as to their position or an to what action is required of them are invited to consult the Pe- partment between 0a.m. and 1 p.m. and 2 p.m. and 5 p.m." Questions
Replying to a question, re- garding the taxation of haw- 2. Appearance. 15. Cooked,kers, Mr. Fudney said that it 16. Spheres, was doubtful whether many
8. Takes away.
4. Entry.
5. Beyond.
6, Loathing.
17. Musical
JARDINE, MATHESON
& CO., LTD.,
Indo-China Steam Navigation General Managers:
Co., Ltd.
Notice to Consignees
S.S. "ANCHISES"
Dampged pargo ex the above hawkers were making more than vessel will be, surveyed at Holt's composition. 87,000 a year. Officers of the Whart bolwean the houra of 10 20. Ethical, 21. Willow.
7. Struggle... 22. Reppir,
10. Docoration. 2. Nigh. 14. Common-
Department were, however, on
the lock-out and if it was felt, and 12 noon on 31st & 22nd that a person was making more July 1947, and consignees repre than $7,000 annually, an este sentatives are requested to be nated assessment would be present during the survey,
Down:-1 Lilac; 2 Human; 3 lovled and It would be up to the BUTTERFIELD & SWIRE. Across1-3 Lemonade; 7-Inure; | Loves: 4 Orgy: 5 Abated: Individual person to prove that 8 Vanguard; 10 Abrand; 13 Eddies; Addict: 11 Bored) 12, his Income was otherwise ka
18. He 17 Tnvades; Scope; 14 Enters) 18/Habit;® 204'
Agenia.
18 Respect; 20 Idle; 21 Tedious; Recur; 18 Ruled: 10 Slogans 22 In the case of Idas, through Hong Kong, 17th July 1947.
37. Lagalling 1881 Doeftes 25 Oosed: 84 Stamp: 20 theft, such lou would be treated aka samne naked as an allowable Expanse of the
Dream 90 Dungeons.-
Arrivals from New York, Boston, Other, Atlantic Ports via Panama
$8. "LOOKOUT" 8.8. "STAGHOUND”
Due Aug. 1st
Due Aur. 20th
Sallings to New York, Boston, Other Atlantic Ports via Panama Canal
— ŠPECIAL CARGÓ ÓIL TANKS-
a. "LOOKOUT"' :.......
For Full Particulars Call
Salts Aug. Dtl.
UNITED STATES LINES CO.
General Agents
314, Queen's Building.
2
Tel. 31251 (8 lines)
The SWEDISH EAST ASIATIC Co., Ltd.
M.V, "NAGARA "
Loading Hong Kong on or about 8th August,
for
PORT SAID, GENOAĮ MARSEILLES, ANTWERP,
ROTTERDAM, COPENHAGEN, OSLO, GOTHENBURG.
AND GDYNIA.
·Tanks available suitable for the currlage of oil in bulk..
For further particulars apply to:-
GILMAN & CO., LTD.
Agenta, Telephone 31146.
KLAVENESS LINE
SAILINGS
Direct to LOS ANGELES, SÀN FRANCISCO. PORTLAND, VANCOUVER & SEATTLE.
..................... SAILING 6th AUGUST .......... SAILING 6th SEPT. ARRIVALS FROM PACIFIC COAST
15. SOMERVILLE ILE. "ROSEVILLE"
ma. ROSEVILLE
PASSENGER ACCOMMODATION.
DUE 4th AUGUST
SAILING FOR SINGAPORE 611 AUGUST
Chinese Freight Agents,
HỌA FOOK FING
THE BANK LINE (China) Ltd
BULK OIL TANKS.
Apply.
THE BANK LINE ·
(CHINA) LTD. King's Building. Tel 27702
DOUGLAS STEAMSHIP CO., LTD.-
S,S. "HAIYANG” Sailing for Swatow On 18th July at 5 P.M.
Subject to alteration without Notics,
For Particulars of Freight & Passage, Please apply
DOUGLAS LAPRAIK & CO.
General Managers.
P. & O. Buliding, 5th floor. Tel. No. 81281
Sor
CHINESE SHIPPING DEPT. Connaught Road, Central, Tel. No. $4680-