ROYAL
INTEROCEAN
KONINKOAIKI TAVATHINA PAKETV
a pa ta Jean alam ad tha
LINES
!
BENEN NI
King's Building. Connaught Road, Tel: Shipping Dept. 28010. Passage Dept. 28017.
Chinese Agents, Connaught Road, C. No, 82, Tel. 25188.
CHINA and JAPAN LINES
"TJIBADAK”
"TJISADANE”
Macamar &
■ Javaports, 19th Jan.
Java ports and
Macassar
16th JanuaTY Sailing for
Amoy & Mania
Batavia, Semarang, Bourabaya & Macassar
24th Jan,
Batavia, Semarang,
Macassar &
Socrabaya
31st January.
ORIENT-JAVA-AFRICA LINE SOUTH-ATLANTIC LINE
Duc from Loading for South America Manila. Singapore,
Mauritius. South Africa
TEGELBERG
4th Feb.
Lourenco
Marques. Beira, Durban, East London, Port Elizabeth,
Mosselbay. Capetown, Buenos Aires, Monte- video. Santos, Elo de Janeiro.
14th Feb.
Transhipment cargo on through bill of inding accepted for
Dar-Es-Salaam, Mombasa Zanzibar.
"STRAAT
SOENDA"
RUYS
South America, South Africa
25th Jan.
South America
South Africa 29th Jan.
Shanghal, Yokohama 27th Jan.
South Africa South America 19th March
DELI-STRAITS-CHINA LINE
"HEINRICH
JESSEN"
Due from Swalow & Amoy 9th Jan.
"VAN HEUTSZ” Belawan Dell,
Agents
Fenang. Singapore
16th Jan,
Salling for
Swatow & Amoy
Sailing for Bingapore, Penang & Belawan Dell 10th Jan,
Singapore, Penang & Awan Deli 27th Jan,
HOLLAND-EAST ASIA LINE
"LEOPOLDSKERK"
In port Bailing for Shanghal &
Japan,
9th Jan.
"MOLENKERK" Due from
Europe on or about 16th Jan,
Salling for Shanghai
& Japan
"ALPHERAT" In Port
Loading for Manila/Singapore / Colombo/Port Snið / Alexandria /Haifa/ Genoa/Marseilles/ Antwerp/Rotterdam/ Amsterdam/Iamburg/
Copenhagen/ Gothenburg/
Onto, early February
Loading for
Manila/Singapore/ Colombo/Port Said / Alexandria /Halfa/ Genoa /Marseilles/ Antwerp/Rotterdam/
Amsterdam /Hamburg/ Copenhagen/ Gothenburg/Oslo Middle of Feb.
Loading for
Manila/Singapore
Colombo/Port Sald / Alexandria /Halfx/ Genoa /Marseilles/ Antwerp/Rotterdam/ Amsterdam/Hamburg/ Copenhagen/ Gothenburg/Osto early March.
Agents: SILVER LINE LTD.
"HENDONHALL" Due from
Salling for
U.S. Atlantic ports, U.S. Atlantic Coast late February Ports via
Singapore and Suez,
DE LA RAMA LINES.
EXPRESS CARGO LINER SERVICES
TO AND FROM PACIFIC & ATLANTIC COASTS
U.S.A, LOADING DATES
Loadis
Date
Atlantic Coast
Late Jan.
via
Los Angeles
From
Atlantic Coast
Tin
Los Angeles
For
San Francisco >
& Los Angeles)
atlantic Coast
Yla
Los Angeles.
Venet
m.v. "DONA ANICETA" m.v. "MINDORO"
Early Feb.
ARRIVALS
Date
18th Jan.
22nd Jan,
Late Feb.
SAILINGS
Date
19th Jan.
26th Jan. Late Feb.
Vesel
m.v. "ANDAMAN”
3.4. “DONA AURORA” m.v. "DONA NATI"
Vessel
m.v. "ANDAMAN"
13. "DONA AURORA”
m.v. "DOÑA NATI”
BOOKING AGENTS for P.A.L.
THE DE LA RAMA STEAMSHIP CO., INC.
MARINA HOUSE
. T«l». 28676—22875.
CHINESE SHIPPING OFFICE Tels. 28788—20153
CHINA MERCHANTS S.N. CO.
15 Connaught Road West.
SAILINGS
THE CHINA MAIL, FRIDAY, JANUARY 9,” 1948,
ECONOMIC CHIEF'S WARNING Britain's Huge Deficit Of U.S. Dollars
Hong Kong Stock Exchange
A rate turnover hut quotations are nost slable.
H.K, GOVT. LOANS Loan 100*. 1956 Lane IUI,
ĐÁNH ... Hank 2015, 2043pm. H... Nex) 321. Chartered Bank £11 11/162. Herennille B, A. & 1. $210, Bank of East Asia (26.
INBURANCEH
1705,
Cantern
Uskon Io. 7701 780. China Underwriters 015. R.K. Fire Ina, 209.
BHIPPING
Douglaser 260n.
1.K. M. Stemmabonts 15b. Indo Chinas (Pref) 1000. Beds Chinas (Def.) 30.
helle Beurer) -
U. Waterbonis (08) 476, 47,
1. Waterbonta (New) 465% DOCKS, WHARVES, GODOWNE, ETC. ...K. K. Wharves (73%) 1565
(N) (F. Pd) LIKA.
(N) {T. THi văn.
J.K, Docks 3450x. Chinn Providente 24/231⁄4 ra, N'hai Dockyarde b
HINING.
Jauh Mines 6.30b. 2.K. Mines 026.
LAND, ROTELS & HLDGE, 1., Hotels 281, 25/26am. I.K. Lande (Old) Béa
(New) 10b, Fla. 50/19%. Bhai Lunds 5b, 5, 4.90/5cm. Humphrer Entaten 2015 sm. H.K. Realton SBR. Chinese Estate 186.
PUBLIC UTILITIES
1.K. Tramwaya 24%, 24 Yan, f'eak Trame (Old) 17n.
(New) Do.
Star Ferries 126. Yuma Ferries 102, C. Light-10M) 214.
(New) 15n.
H.K. Elvetica (0) 82, 63, 62.
(N) £10.
Macau Electrice 2do. Bandakan Lichte 10n. Tele piwne (0ìd) 40%;m, 40km.
(New) 38% n. INDUSTRIALS
Cald. Marg. (On) 201
(Pref. 6,
Canton Tees 7. Cementa (Didi 340,
(New) 2%«.
H.K. Ropes 204, 20xa.
STORES r.
Dairy Farms (X. Itta) 624, 01.
Rights 416, 41vn. Wetenne 626, 70 m, 291⁄2va. Inne, Crawfords B Sinceres Bb,
Cilna Emporium 12.8. Sun Co., Ltd. b.
Kwok Bang Hona 2006, 200
Winx On 1.K.) 1756.
Wm. Powell, Lu 19 n.
MISCELLANEOUS
China Entertainments 87. H.K. Constructions (Old) 5b.
(New) 5.
Vibro Fillox 63⁄41⁄2n. Meruman Investments 13/30, Maraman, (ILK.) 11.20b,
COTTONS
Eros 14, 140, 19%/14/16% pa
Money Market
Position Not Encouraging
London, Jan. 7.
Even if this year Britain carns half as much again in dollars and other Western Hemisphere cur- rencies as she did by her exports, in 1947, she will still have a deficit of £300,000,000 worth of dollars, Sir Stafford Cripps, Chancellor of the Exchequer and Britain's economic chief, told a press conference tonight.
Last year, Britain earned about £190,000,000 worth of dollars, he declared in a New Year econo- mic stock-taking.
to over-export to the Western Hemisphere.
London Stock Exchange
BECURITIES
| British Consols, 1945/75
Conversion · Loan, #% 18 1961 30836
*
PRESIDENT LINER
Sailings
REFRIGERATION-SPECIAL CARGO OIL TANKS—
CARGOGAFRE SPECIE
TO SAN FRANCISCO
88 "Marine Swallow" (via Shangbál & Tokohama} 88 "President Cleveland" (via Shanghai, Yokohama &
Jan. 18
Honolula)
London, Jan, 1.
88 "General Gordon” (via Manita & Honolulu)- 88 "General Meigs" (via Shanghai, Yokohama
Jan. 20. Jan. 21
Honolulu) Feb, 15
Funding Loma, 1088/00
112
War Loan, 3%, 1961
102
101%
Victory Banda, 4%
114
RAILWAY BHARES:
Betleh Transport 31% INDUSTRIALS1 B.A.T.
08
TO SAN FRANCISCO AND LOS ANGELES 8B "Arcadia Victory" (via Manila & Cebu) 88. "Hannibal Victory" (vla Honolulu) 88 "President Pierce" (8. F. Direct)
............... Jan, 12 Jan. 14
War Loan, eta
77/9
5-29/12
Jan. 11
B5 "Clovis Victory" (via Manliaand Cebu) ............... Jan. 19 11/158 President McKinley" (via Shanghai & Yokohama) Jan. 23 30/7/ TO NEW YORK AND HAVANA VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, SUEZ AND MEDITERRANEAN PORTS B8 "Marine Filer"
It was therefore not possible up to Oct. 18 and to below $55,- Dunlop Rubber Coord.
900,000 a week thereafter.
1.C.L
·Sir Stafford said that since Imperial Tobacco Co.
BANKS: Britain could
even not afford
Chartered Bank of LA. & C. 11-11/20 this reduced drain, Britain K. & Bhai Banking Corpn. 181 and all sterling countries were Mercantile flank of India "A" 21% taking steps to reduce it fur- MINING SHARED ther.
Britain's secund main object wan to wipe out the general de- feit in her overseas trado so that at least, at the end of next year, she would balance her total imports and exporta. ·
This, however, owing to the non-convertibility countries' currencies (as well) as Britain's)would not enable Britain to cover her dollar de- delt.
of
Cons. Guldfelda, nt 8.A. Cons, Tin Mines of Burma His forecast that Britain's | Indian Copper Corpn. gold reserves at the end of the Orange Free Blates Teunt
New Union Goldfeldo other year would amount to about £500,000,000 had proved accurate," he said.
Not Encouraging Regarding the progress made towards narrowing the dollar gan. Sir Stafford anid that if the exports in the third quar-
GOLD EXPORT LICENCES
London, Jan. 7. Bullion dealers report that ilcences were again issued for the export of 22- carat sheet gold.
No
The resumption at pre- sent applies to applications made in mid-December and no later applications so far have been approved,
has been given for the delay in Issuing licences which may, the dealers point out, sim- ply be explained by the in- tervention of the year-end holidays and not to any real tightening up, at least to western hemisphere tries in granting Ifcences. Reuter.
official reason
coun-
Help Vital
P
Jan. 11
Jan. 29
Feb. 0
Feb. 21
AMERICAN PRESIDENT LINES, LTD.
71/1
83 "President Folk"
1/0
88 "Mount Davis"
1/1
BS. "Mount Rogers"
39/4/4
West Rand Investment Treat
"very
Free States Developments
$1/2
Roedrennd
15/1
FL. George's Bldg.
29/24
Saint Helens ...
50/2
De La Rue, ord.
AN/D
Bab. Iireweries,
171/7
100/.
21/10%
Cons. Main Beet
West Driefontiene
In addition, there were, as Lydenburg Estaten forecast, £75,000,000 of un- South African Townships drawn United States credit and election Trusta
Bouth African Torbanites €70,000,000 undrawn Canadian welkom credit.
..
25/4
49/45 4/114
60/154
43/74
34
14
Tob. Becurities Trust Def, Of the Marshall Plan, Sir Grotyle Mining
CHINESE EXTERNAL LOANB Stafford said that it was ob- Tenat-Pukow Bly.. 5%.. vious that Britain, would be in Lung Thing V. Hai Niro,, 6%
2010 a grave position as regarde dol. Hear. Loan, 4% London Tue 28 lars unices aid was forthcom-Oria LOST, 56, 1951
Ing.
Tel. Nos. 28178/28175
Pacific Far East Line, Juc
TRANS PACIFIC SAILINGS
To San Francisco & Los Angeles --SPECIAL CARGO OIL TANKS-
24
14
8.5. "SURPRISE"
14
B.8. "PACIFIC BEAR"
Honan R., Br 300 She would not be able to get Kin.IC'ton Ris. 5% Bir. Bonds 14
B'hai-Nanking Blys. 1% g through without further cuts in Tukang is. 5, 1911 16
imports of food and raw RUNDER SHARES:
materiala. Certainly she would Anglo-Dutch Plantation of Java 17/
Gamla Kalumpons Rubber Estato 20%.. not be able to export coal ́and | Rubber Plantation Invest. Trust 25/* -other assentis!' goods to ON SHARES:
Royal Dutch Western Europe except in Shell Transport Co. turn for imports judged essen-EHIPPING1
39
tial by the most rigorous stan-P. & D. B.N. Co. ord. ...... 81/8 dard.
Without assistance as far as the dollar shortage is concern- ed, we could not play our part in European recovery."-Reu-
ter.
N.Y. Stock Market
trials. ....
'New York, Jan. 8.
to
64.95,
CILTEDGES.
Copyrior hoàn, 35%, 1884 62 181 Funding Loan, 8th National War Hondu
14%. 1909/62
24%, 1952/M
24. 1054/8
National War Bonds, 1981/53
Bavings Donda. 17:
1955/45
1060/10
.1065/75
Excheqțier Bonds, 1960
9.8. "FLYING DRAGON"
8.8. "PHILIPPINE BEAR”
TRADEWIND"
BR.
Ac
Dus
Faile
Jan. 13 Jan. 14
Jan. 13 Jan. 14 Direct Jan. 23 Jan, 21
Jan. 29 Jan. 30 Via Kobe Feb. 6 Feb. 6
Guertcam Pioneer Line
Arrivals from New York, Boston, Other Atlantic Ports via Panama
8. "SPITFIRE"
8.8. "GOLDEN WEST
101%
101-6/18 100-18/1# 100%
101-10/16
Sailings to Manila
B.B. "GOLDEN WEST"
101 100%
8... "STAGHOUND"
100%
100%
Due Jan. 18
71
23
Salls Jan. 24 Sails Feb. 9
Sallings to New York, Boston, Other Atlantic Ports via Panama Canal
- SPECIAL CARGO OIL TANKS
Fedemption Block, 27%, 1968/98 98%% FOREIGN BONDS,
German Loan (Dame) 7%
#
Japanzen 5%. 1907/47
84
6. "SPITFIRE"
Japanese 8, 191ỰN
20
8.8. "PIONEER SEA"
Jap. 8. 'Manchurian Riz, 1938 20
-Neuter.
SHIP FARES TO BE RAISED ?
Shanghai, Jan. 8. Chinese Shipping Guild repre sentatives today asked a 70 per- cent shipping rate increase and cabled the Nanking authorities for approval.
ter of 1947 were any guide, the' position was not very encourag-
A placid stock market paid little at- tention to the President's EBERES ing.
Congress, Bhares registered only moderate British exports to North Am-variatione, mostly upward. There we erica, for instance, were worth modest demand for aircrafts, Bupport ex- £21,500,000 worth of dollars intended to motion pictures, steels, farm the second quarter and £24,000-pplements, metals, and selected adus 000 worth in the third-a very A total of 625,000. shares was cold. small increase compared with Fractional gainers, Included Paramount Pictures at 20% Warner Brothers al 15: Gold was steadier yesterday. the rise in total exports.
|North American Aviation at 6% and The shippers' asked adjustment Opening at $314-a tael it closed The percentage of exports to Certs Wright at...
before the middle of the month America to Britain's Dow Jones Averages:-Stocks at the same rate. Highest and North
because the costa of fuel had in. lowest rates of the day were total exports dropped from 20 Industriais 119:53, 11 Ralls 52.69, 1 creased with labour cost and the
Utilities 33.70. 2317.26 and $312.
8.11 per cent to 7.9 per cent. Oling quotáliona :----Adama Expres cost of metal-United Press.
American Britain's total import figures | 174. Plastres, after opening at $12.00 a 100, fell back to $11.80 for 1947 would probably be smelting 58, American Telephone 152. American Tobacco 68%, American Water- at the close,
about £1,600 million and ex- works 7. Anaconda Copper $41⁄4%, Avia.
New York, Jan. 1. Chinese National Currency ports about 1,140 million, giy-lon Cort
Rubber futures closed 10 to 50 were 212 contracta, opened at 274 cents for faturce ing an overall visible current 14%. Barnadall 15%, Bendix Aviation higher, Saics and 36% cents for apot (for trade deficit of about £460,000.-9. Bethlehem Steel 100%. Boeing Al March 22.30 bid, May 21.71 bid, July
craft 24%, Dorden Co. 41. Canadian CN$10,000) and closed at 28 000.
Pacifte 11%. J. I. Case 45%, Chrysler 21.04, September 20.55 bld.
Commercial Boivent No. 1 ribbed smoked sheets 22% 82%, Colgate', 45, ' 22%. Corn Products 655, Dupont 183, nominal-Associated Press. Eastman Kodak 44. Elq**je lght • Landon Power 17 General Elen,to 1%, Gen-
and 35 respectively.
,
Ticals caned off further to
$26.80
Guilders a 100. NEI
dropped to $27.25 a 100.
wore
Taking Steps
Can 78. American
·Baldwin' Locomotive
53%.
The Chancellor of the Exche-eral Hators 514. Goodrich £6%. Good- U.S. Dollars were quiet at quer's chief disclosure was that mar 1, Homestake Mining 33%. Inter- $4.91. Storling appreciated the drain on the gold and dol-national Paper 83. International Tel & alightly to $13.45.. Australian ar reserves in December fell Tel 1, Johns Manville 40%, Kersecott
Copper 48%, Montgomery Ward at below $45 million a week, less National Distiliera 2014, National Kend pounds
unchanged $12.51.
than half the rate after the sus-14%. New York Central 15, In Shanghai yesterday, says penslan of convertibility in late Motor 4th. Ten American Airwera 96, Reuter, open market rates were August, when for four weeks Pennsylvania RR 195, Radio Corp. 9%.
Republic Steel 264, Reynolds quoted at CN$88.000 (buyers] the drain averaged $90,000,000 and
CN890,000 (sellers) for a week.
the U.S. dollar, and CN$287,-
21%
Sladari. Oll of. Calls.
Packard
Jodacco
N.Y.
RUBBER
NOTICE TO CONSIGNEES
CONSIGNEES PER CANADA ASIATIC LINES LTD. S.S. "CLIFFSIDE”
%, Scherer 30%. Bears Rostock 101/4, Abell Oll, 30%. Bocory Vacumen, 18%, are hereby notified that their Previously, he had disclosed Southern Pacifio 49, Standard Brands cargo is being discharged into 81% the Hongkong & Kowloon Wharf 000 (buyers) and CN$293,000 that it fell to $66,000,000 & Biandard Oil of N. 7, 77%, Studebaker Godown Co's godown where week in the ensuing four wedka, 20%, Union Das %, Union Carbide (aellers) for Sterling.
99, US Rubber 41%, UB Steel 77%, it will be at consignees risk and UB Line 20%, Westinghoupe 19. subject to the Whari's terms Youngstown TheetTube 77. Grand conditions of storage, and where delivery may be obtained.
Bars
In
To Trade
Orient
Sextile, Jan. 7.
A vicious circle starting with disorganised political and labour conditions is holding back
foreign
Orient says A. Guy Hope; who has been U.S.
Pub. Utilitlen 1234—Associated Pres.
Notice To Consignees
8.8. "EMPIRE WITHAM"
From Straits & Calcutta Arrived 6th Juduary, 1945.
Damaged packages are to be
in Joft
for the Godowns examination by Consignees and tho Company's Surveyors, Mesars, Goddard & Douglas at 10 a.m. on 12th January.
trado with the Damaged cargo ex this vessel To comply with the General Consul will be surveyed in the premises Bonded Warehouse Regulations | Shanghai for the, last two year,
of the Hong Kong & Kowloon consignees must have a Revenue attendance when Hope is on loan to the De Wharf & Godown Co., Ltd. be Officer in Oriental Hope sald mont
are damaged dutiable goods countries lack American dollars.partment of Commerce to dis-tween the hours of 10 a.m. and
examined. To get them they must export. cuss Oriental trade problems 12 noon on Saturday 10th Jan Consignees STU But civil war and other distur- with exporters and Importers unry, 1948.
advised to have their Represen- No claims will be admitted bances prevent them from got Associated Press.
tatives present during the Sur- after the goods have left the steamer's gedowns, ; and all goods remaining undelivered Consignees are warned "THAT! after the 18th January, 1048 claims for damage or shortage will be subject to rent. may not be accepted if the
CO. ting raw materials from the in-
Telephone #10ÈS.
8.S. HAI SIU Singapore, Rangoon, Calcutta Jan. 8
Cargo for Tsing-Tao, Haskow & Tientsin' acceptable.
on through bills of Inding.
terior, Hope said.
When commoditlas" reach ́non- ports, he said, strikes frequent-
ly lie them up on docks and provent shipment..
-LOSS THROUGH
STRIKES
Washilngton, Jap. 7.
vey.
Studies of the Department of damage is not surveyed by All claims, against the steamer "The enormous potential mar-Labour estimated today that 35 mil Messrs. Goddard & Douglas in murr be present to the under kets offered by the one and one os man-days were lost during 1947 the presence of Consignees Re-signed on or before the 23rd half billion people of the Orient in establishments directly affected by presentatives at this appointed January, 1948, or they will not still exist," he said.
Hme .} labour controversles, y
Ho warned American traders This" was „ less than one-third of not to depend upon Chinese the 116 million, recorded lost in 1946 In strikes totalled claimed political influence. He beginning, In 1947
4,200,000, about half the 4.600,000 said that generally Chinese who afected during the previous years, PARTICULARS PLEASE APPLY TO THE ABOVE boat close connections with the The total number, sariken
"Government are able to deliver 1947 was - 5,600 Ogainst the only a stupid Cent
***Digire of nearly 3,000=-keltär”
be recognised..
JARDINE, MATHESON:&'
NoFire Insurance will be
DODWELI, & CO. LTD.
Indo Chin
Navigation
Saila Jan. 14
I
16
For Full Particulars Call
UNITED STATES LINES CO:
General Agents
Tel. 81251 (8 Unes)
1."
814, Queen's Building,
The SWEDISH EAST ASIATIC Co.,Ltd.
M.V. "BENGAL Loading Hong Kong 11th January 1948
for
ADEN, PORT SAID, GENOA. MARSEILLES, ANTWERP, ROTTERDAM (AMSTERDAM), COPENHAGEN, OBLO
and GOTHENBURG
Tanks available suitable for the carriage of oil in Bulk.
For further particulars apply to:-
GILMAN & CO., LTD. - 'Agents, Telephone 81146,
+
KLAVENESS LINE
SAILINGS
Direct to LOS ANGELES, SAN FRANCISCO PORTLAND, VANCOUVER & SEATTLE. m.s. "ROSEVILLE” ....... """CASTLEVILLE"
m.
...SAILING 18th JAN. SAILING 6th FEB.
ARRIVALS FROM PACIFIC COAST
ma. STIRLINGVILLE"
ms. "BOUGAINVILLE
...
DUE 16th FEB. DUE 23rd FEB.
PASSENGER ACCOMMODATION. BULK OIL TANKS.
Chinese Freight Agents., ́ ́ HOO FOOK PING THE BANK LINE (China). Ltd.
Apply -
A
THE BANK LINK
(CHINA), LTD, TAM King's Building. Tel. 27797; M
MOW SANG SHIPPING
COMPANY.
'3 Connaught. Road, West.
„Tel. No. 31506
HONGKONG & MACÃO LINE
M