Fare 10
ROYAL INTEROCEAN LINES
KONINKLIJKE JAVA-CHINA-PAKETVAART LIJNEN N.V.
(Incorporated in the Netherlands) King's Bulking, Connaught Road, Tel: Shipping Dept. 28016. Passage Dept, 28017. Chinese Agents, Connaught Road, C. No. 82, Tol. 25188.
CHINA and JAPAN LINES
“TJIBADAK”
"TJISADANE”
DUE FROM
Macassar &
Javaports. 16th Jan.
Java porta Macassar and Manila 16th January
Sailing for
Amoy & Manija
SAILING FOR Batavia, Semarang.
Macaenar
24th Jan.
Bourabaya &
Batavia, Semarang, niacassar &
*
Socrabaya 31st January.
ORIENT-JAVA-AFRICA LINE
SOUTH-ATLANTIC LINE
TEGELBERG
Due from
Loading for
South America Manila, Singapore,
South Africa
22nd Jan.
Salling for
Shanghai
5th Feb.
Mauritius,
Lourenco
Marques, Beirs,
1
Durban, East London, Port Elizabeth,
Mosselbay, Capetown, Buenos Aires, Monte video. Bantos, Rio de Janeiro
12th Feb.
Bailing 14th Feb.
Transhipment eargo on through bill of lnding accepted for Dar-Fe-Salaam, Mombasa à Zanzibar.
*STRAAT
SOENDA"
South America, South Africa 25th Jan.
RUYS
South America South Africa 20th Jan.
Shanghai, Yokohama 27th Jan.
South Africa South America 10th March
DELI-STRAITS-CHINA LINE
Due from
"VAN HEUTSZ" Belawan Dell.
Agents
Penang, Singapore
18th Jan.
Sailing for Swatow & Amoy
HOLLAND-EAST
"LEOPOLDSKERK” Due from
Japan & Shanghai, 10th Feb.
"MOLENKERK" Europe on or
about 22nd Jan,
Sailing for Shanghai & Japan
"ALPHERAT" In Port
Salling for Singapore, Penang & delawan Dell 2th Jan.
ASIA LINE
Loading for Manila/Singapore! Columbo/Port Bald / Alexandria, Genon/Marseilles/ Antwerp/Rotterdam/ Amsterdam/Hamburg/
Copenhagen/ Gothenburg/ Oslo, 11th Feb.
Manlia/Singapore/ Colombo/Port Said / Alexandria
Genoa/Marseilles / Antwerp/Rotterdam/ Amsterdam /Hamburg/
• Copenhagen/ Gothenburg /Oslo on or about
24th Feb.
Manila/Bingapore
Colombo/Port Said / Alexandria /
Genon/Marseilles /
Antwerp/Rotterdam/
Amsterdam /Hamburg/ Copenhagen/
Gothenburg/Oslo
eatly March.
Agents: SILVER LINE LTD.
"HENDONHALL" Due from
Salling for
U.S. Atlantic ports, U.S. Atlantic Coast late February Ports vis
Singapore and Suer,
THE CHINA MAIL, FRIDAY, JANUARY 16-1948.
RUMOURS OF DEVALUATION Described In London As "Nonsense" Strong Position Of Sterling
London, Jan, 14.
Sydney Gampell, Reuters Financial Editor, writes: Rumours on the London and Paris Stock Ex- changes this evening of simultaneous devalua- tion of sterling along with the French franc were described in responsible London quarters as nonsense so far as it ceoncerns sterling. A Treasury official told Reuter: "I cannot imagine how such a ridiculous rumour regarding ster- ling could possibly have arisen." Such rumours come regularly from Paris. whenever the future of the franc is in question, but it is self- evident that sterling is incomparably stronger than the French franc.
Nobody can say that sterling In any case, Secretary Snyder will never be unpegged from the added, it would not be a Rodd present rate of 4.03 dollars but policy for the United States to the British authorities are deter-inelst upon modificatams of ex- ntined to maintain that rate for change rutes before Marshall ald the reseeable future and have is extended--which will evidently ample means to do so.
be some tume.
Thanks to the United States and South African loans, Britain's gold stock en April 1 when the Marshall aid plan is due to start. will actually bigger than it is now.
In his masterly statement to- night, the United States Secretary of the Treasury, Mr. Snyder, ad vocated Marshall aid agreements with each beneficiary country for steps to stendy its currency by balanced budget, tax law changes and "at the proper time" by devaluing inflated currencies to n point in line with their true buy- | Ing power,
Sterling Value
Of the continental currencies notoriously overvalued, some them, Italy's for example, have recently been devalued and lenst one other continerital cur rency may soon follow.
of
ΑΣ
the
Some responsible quarters be leve that if sterling ever wert unpegged it would eventually ris above the present rate of $4.03 At one time before the war, whe it was unpegged, it reached 85.5 in the free market. But the poin of immediate importance la tha the British authorities have no intention of devaluing it in the forestenble future.--Reuter,
SILVER & GOLD MARKETS
London
TREASURY
NONSENSE, SAYS Hong Kong
Stock Exchange
•London, Jan. 14. "Rumours, „on the London and Paris stock exchange this evik- ing of the simultaneous devaluar tion of sterling along with the French franc were described as "monianie"" in responsible London quarters tonight.
A Treasury official saids *1 cannot imagine how “luch ridiculous Fameur regarding sterling
have could ; possibly arisen Reuter,
London
Stock Exchange
Londen, Jan. 14. British Console, 1946/16..... 82- Conversion Loen, 96%, 1981 104-36 Fandier Loan, 1968/90
X18-% War Lowe, %. 1981
2014 War Loan, 3% Victory Bandia, 45% RAILWAY BRANES, B.A.T.
11.0.1.
There was an improvement in the tone of the markal' yesterday buyers being more expensive with their offers.
II.K. GOYT. LOANS 4% Loan 100%.
B1⁄45% Loan ex. Ink 10ôn,
BANKS
B.K. à E. Bank. 20506, 1070m, 2050/
ILKAB. Bank (Loan. Ber.) X.D.
20160
Chartered Bank. £1 1/18n. Mercunilia Dk. A. & D. 2014«. Bank of Eaxi Aalm 1264.
INSURANCEA
Canton us. Boon.
Union Ins. 7452, 2006, 7701. China Underwriters #ign. FLK Fire Ins. 300.
SHIPPING
Douglases 2600.
BK. & M. Bteam:boute 151, Indo China (Praf.) 100n. Indo Chines (Def.) Beon.
#belia (Bearer) X.D. 71/dn.
U.. Waterbosta (018) 475, 4735en. U. Waterbonin (New) 44%n.
DOORB, WHARVES, GODOWNS, ETC.
X. Wharton '(New) 18in.
K. Wharven (New) 951. EK. Bocku #4%), 280, 80/80%#* China Providenia 121, 11/131⁄4ın. S'hal Dockyards 201⁄2/20an.
MINING
Raub Mines b.
JL.K.
108-%
K.
1164
6-11/32
Imperial Tobacco Co.
$.24
Anglo-Dutch. Plantation of Java 16/1
| Guala Kálumpong Robber Estate 25/-
Rabber Plantation Inveet, Trust 24/101⁄2 DIL SHARES).
H.
II.
21
1-
| RUNDER· SHARES: .
Royal Dutch
per fine ounce 45d: beli Transport Co.
172/3.
SHIPPING: [P., 40, RN. Co. ord.
GILTEDGES1
Conversion: Loan; B," 1945/56 1010 National Wat Funding Loan.... 1%,
302.4% Bonds, %%%
*1042/81"
Silver, Spot, Forward, 44-%d.
Dar Gold, per fine
ounce New York Silver, Bar (asked price) 74-cis. Bar, Gold, per fine ounce (official) But Becretary Snyder's state- $15; (NY, Unofficial) $ unquotes. ipent cannot possibly mean
Bomhay devaluation of all 16 Marshall
Silver, Ready, per 100 tolas ng. currencies, including sterling, since at least one of them,
quated:
Forward 167 Rupees,
National 14
War Bonds, 1983/33 104-2 14 Bavings Bonds 3, 1955/6 Swiss
.. 100-2 franc, 14 actually at a pre- Annas; Marwari 168 Rupece
Savings Bonds 8%, 1900/70 .. 191-18/15 mlum. over the United States Aune,
benar Bonde, 1963. 100-11/10 | Kavinga. Bonda, KS, 1968/75 100-1 dollar in the free market.
Redejuptim, Block, 3%. 100 %
the
measures,
Britain's budget is balanced and It has been thought that one of the conditions of Marshall aid to kome continental esuntries would! be that they should follow bud- getary deflationary: which Britain has taken.
Some evidence of the true buying power" is provided by the fact that Britain is now selling great quantities of tractors to the United States in open cum- petition with that country's entr rous automobile and agricultural machinery industries.
Gold, delivered, per tola unquoted; Forward 106 Rupees, 14 Annas: Bovereign 68 Rupees, 14 Annas.
One tola is equal to 3/8ths of an sunite,
Buenos Aires >
Sovereign, buyers 67.00, sellers 63.00 .9. Eagles, 124.006, 128.00; Gold Bar, Gramme, 6.10b, 6.10.
Bongkok-
Gold, Bar, per bahweight of 15. 244 Grammes, 492 Icats Exchange Rates (Selling).
Bangkok on New York T.T. 18.63; London 59.75; Hongkong 3.70.- Reuter,
A BRITISH CROSS WORD PUZZLE
/1982/54
195/60
BANKS:
101-
101-
-100-
Chartered Bank of IA. & C. 11-9/15 ILK. Bhanghai Banking Corp. 180. Mercantile Bank of India. "A" BÝ MINING' SHARES:-
Canal, Goldfalds of 9. America. 70% Coast Thu Mine of Burma Indian Copper Corporation New: Union • Goldfields
Orange Frew-States Terint West Rand Taypal, Trusi Pita: Blats Developments, dons Main Feet Randorand Balint De Bab, Brewer Jan;
elmas "..
ILE. Mines .02%b, .03.
LANDS, HOTELS & BLDGS.
9. Hotela 24b, 24, 24mm.. FR. Landa (Old) sob, Siva,
LundaiNm) 7B0, 300, Tai n B'bal Landab, am. Humphreys Kataton 290. HK Rankine 18. Chloe
states 186m.
.PUBLIC, UTILITIES
HK. Tramways 21%), 211⁄4%/%**«
· Peak Tráma : (018) 17n.
Pank Traps (New) Qu.
Biar: Fórzió. 1786,"
Youmail: Ferries 195, 20%4».
Q, Light (014) 2016. zł», 20am. [Q; Light (New) •16 45 b. 183.
KK Electric (Qld) 62%) **, *1/*
RE. Electrics (New) 308, Maçao Bléctriku 24. Baridahan Liabis 105. Telephones (016) 40m Telephones (New): 88%n.
· INDUSTRIALS
·Call, 'Maca" (Dr.) zob, Cald. Maen: (Pref.) 8. Canton Teen 7n..
...STORES &t.
PRESIDENT LINER
SAILING
REFRIGERATION SPECIAL CARGO OIL TANKS-
CARGOCAIRE--SPECIE
TO SAN FRANCISCO.
68 "President Cleveland" (via Shanghal, Yokohama &
Wensiolu)
***** JR. 20. 68 "General Gordon" (via Manila Honelata)
*****.. Jan, 21 88 "General Melga" (via Shanghai. Yokohama &
fionolulu) Feb, 14' 88 "General Gordon" (via Manila & Honolulu) ......... Mar.
G
TO SAN FRANCISCO AND LOS ANGELES SЯ "President Pierce"
Jan. 10 Jan. 22
56 "Clovis Victory" (vła Manila and Cebu)
88 "President McKinley" (vla Shanghai & Yokohama) Jan. 23 83 "President Jetterson" (8. F. Direct)
Jan. 30
TO NEW YORK AND HAVANA VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY,
SUEZ AND MEDITERRANEAN PORTS!
BS "President Polk"
69 "Mount Davis"
68. "Mount Rogers"
85 "Marino Leopard"
Jan, 20
Feb. G
Feb. 21
Mar.
8
AMERICAN PRESIDENT LINES, LTD. $1. George's Bldg.
Tel. Nos. 28172/25178 .
Amer-beam Promeer Line
Arrivals from New York, Boston, Other Atlantic Ports via Panama
8. "SPITFIRE"
8.5. "GOLDEN WEST
In Port Due Jan. 23
Sailings to Manila
1.8. "GOLDEN WEST"
8. "STAGHOUND"
Salla Jan, 24 Salla Feb. ទ
Sallings to New York, Boston, Philadelphia Baltimore & Other Atlantic Ports via
Panama Canal
-Spécial Cargo Oil Tanks-
נו
6.4. "PIONEER SEA"
-
48. "SPITFIRE"
In Port Salls Jan. 16+
Salle Jan, 20
For Full Particulars Call
UNITED STATES LINES CO.
General Agents
Tel. 81251 (3 lines)
1/0
Ouments. (Old), KÉK -
4/10
Gementa (Naw) 'Bia.
814, Queen's Building,
7/1
AL.H, RODON Zón.
6977:
SK/D
Defyr Farms (X° Rt.), 60b, 01234 502
8/102
187414
10/5
Dalty Farina. Riahia 40144, 106, Watsons 70h.
50/74
Lane, Crawfords 886, 554, Kloa..
477
171/8
12.600.
West Driefontions
100/10%
Lyderiburg Plates,
далося
Bouth African;: Torienships
11/1
·Selection Trait
40/14
|South African' Torbanites
.0/114
Welkom
60/411
| Grooklet- Minis
40/-;
Re
Roe, "ord
M.V. "NAGARA” M.V. “TAMABA”
......Discharging B.K.
5th Feb.
15th Mar.
18th Feb. 15th March
DE LA RAMA LINES
EXPRESS CARGO, LINER SERVICES
TO AND FROM PACIFIC & ATLANTIC COASTS
U.S.A. LOADING DATES
Loads
Date
Atlantic_Cosa)
Late Jan.
Los Angeles
From
J
Attantio Cossi
Los Angries
For
Ban Francisco
Los Angeles }
atlantic Coast
Los Angeles
10
12
15
16
17 18
19
20
21
22
Vessel
123
24
m.r. “DONA ANICETA"
m.v. "MINDORO"
Early Feb.
ARRIVALS
Date
22nd Jan. 28th Jan Late Feb.
SAILINGS
Date
23rd Jan.
1st- Feb. Late Feb.
Vessel
V
m.y. "ANDAMAN”
Clues Across
13. "DONA AURORA”
1 Fastidious.
4 Fit.
m.v. "DONA NATI"
m.v. "ANDAMAN”
Rs. “DONA AURORA” m.v. "DONA NATI”
BOOKING AGENTS for P.A.L.
THE DE LA RAMA STEAMSHIP CO., INC.
HARINA HOUSE
Tels. 28676-22076
CHINESE SHIPPING OFFICE
Tels. 28798-20153
CHINA MERCHANTS S.N. CO.
15 Connaught Road · West.
SAILINGS
Telephone 11683.
7 Decide..
8 Scratch.
10 Animal fat. 12 Bored.
15 Fashion. 16 Jot.
17 Vein,
19 Thais.
20 Jolat up.
21 Pested. 23 Courteaux, 24 Rope.
25 Concerning. 26. Pixgue.
26
Clues Down
1 Rereal.
2 Spice
between.
3 Tax.
s Odd,
6 Thorough.
fare.
9 Urge.
12 Compositions
for wo
13 Falihful
supporter. 14 Female .* relative. is Flag.
42 Billow.
!
Money Market
Gold was again on the ascont yesterday. Dropping one point after opening at $810 á tael, it went up to 318.60, easing off alightly to 8818.76 at the close Plastres opened and closed at $11.85 a 100. Highest and low-
Binores 1.10.
Chian Emporium
Bun Co., Ltd. En.
Eweng Bang Hong 2008.
Wise On (IL.K.) {BOW:" Wm. Powell, Lid. 194.
MISCELLANEOUS
Chian-Entertainroënta 081⁄2 1.
B.K., Constructions. (014) EXD. H.K.Constructiona (New) 8. Vidro Piling th
Hammen Investments”. 19/in.
Maram.. (H.K.) 1.80b.
COTTONS 1ivom "166, 3836/1788.
N.Y. Stock
est rates wore 11.45 and $11.50. Market
Chinese National Currency
opened at 82 cents for futures
"New York, Jan. 16.
And 865cents for spot (for CN-Ost and alratte made the best show $10,000) and closed at 134 cents me to a narrowly irregular stock mar and 36%conts respectively
Partured stock, advanced, two
.or
Volzie dwindled to ́810,000 'Thárum.“ .011 shares · Benefited frosthe high ipto-
pro-
Ticals were unchanged at: ween, Miss Jurgen wobbled back and forth $26.70 a 100. NEI Guilders ap
In infractional range. preciated to $20.90))*0
·U.8 dollars were alightly worldwide demand for petroleum easier at $4.91 Starling also by tent discovery of new resources in duete, and, were given, an additional boost was easier at $13.87. Australian Tea Aterrafia were buoyed by pounds were unchanged at, spots of an expanded air Cove 812.61.
Enderint Dif of. California went, agilsst In Shanghal yesterday (cables Wet Oll gained 24 at 21 5.4
the trend' dropping alk to 188. Pacifie Reuter) the open market rate „Dowers, done' » Avorraui's~~őtocks- €2.90, was quoted at CN$112,000 20éstrials 177,87, 15. Halls $1.38, 10
(buyers)
and CN$115,000 9.25 (sellers) for the U.S. dollár, wx Alaska Junu #%, American Can
Ole quotation-Adams
Expres and. CN$370,000 (buyers): and 74 American Smelting 04. American CN$880,000 (sellers) for Star=| Telephone 181. American Tobacco 67%. Auer foun - Warworks, 1%.. Anaconda Hng
Coser: 58%, [Avlállón: Góry, 4%, 'Bald- | win | Loosetotive 14%, Bersudall (84, Bandle Aviation, 18, Bethlehem Aletl 49%%%Bosing: Atreeft. 24%. Borden - Do. New York, Jan.-15.49% Canadian Picide, 11%, Chrysler Rubber dosedy unchanged, to five 91 Commercial solvent 16. Cam: Pro- 1 lower, Selca were 103
March 23.05, May 20.65, July 20.25, intra Light Payer, 14, Gen- contracts. 4ucia **4%*. Dugoni 129,, Zzalman Kadık September 19.75 bid.
Yesterday's Crossword 11 Realm.
Across Meddling, Behead? Down-1 Abbot, 2- Threw, Timorous, 11 Operator, 12 Peri, 11 Matador, 4 Edit. Door, 6 froned, Comet: 18 Riled. 19 Exit, 22 Re7 Gously, 10 Model, 14 Miser, 13 malbed, 24 Mandarin, 25 Strove, 26 Tenants, 16 Permit, 17 Dinner, 20 Titles.
Annoy, 21 Idler, 22 Rall, 21 Miu.
DIRECT
RUBBER
No. 1 ribbed smoked sheets naminal-Associated Presi
Pacific Far East Line, Inc.
Fast Regular
SAN FRANCISCO LOS ANGELES
VERNI VESKEL
NEW YORK CHI MONTREAL AND ALL
Arrivos
In Port
ars)" #éctrid #514. ·Catéral. „Motors -84. Geotrich 16, Goodrear: 4%, Eqme=" |athka" Maing "98%; International Haryn- Ler, International Paper 80. 'In | ternational.^ i. Tel: 4. Tet--1934, 2 Johns | Manville" #9%, Kenbloett öppër “475%. | Mdosrdney" Weed-13,” National Distillers 20 National Load 12%, New, Tork. Gen- tril 14%. Packked Motóra (4%, Pân ̃Âme Chiesa "Aleyaga 1. Pmanbank DE 1814, Radio “Word Ka Repubifa, B1903 2XM. | Harnolia Tobanco, 40 %6, ..., fchuldy 30%, Boats, Hovypak #516, -8b6]) of 18%, Boceny: Vadyam -14%) Bouthera -Paella |4716) BASAN, Deando: 27%.... Mandard | LOU AT DUTUS%, Busdard (01 de 365. Union Bar
The SWEDISH EAST ASIATIC Co.,Ltd.
OUTWARDS TO SHANGHAI
M.V. "NAGARA"..........
MY. "TAMARA”
HOMEWARDS TO EUROPE
......Loading H.K.
FOR
ADEN,- PORT SAID, GENOA, MARSEILLES, ANTWERP,
BOTTERDAM, (AMSTERDAM) COPENHAGEN,
OSLO AND GOTHENBURG.
Tanks available' suitable for the carriage of oli in buk.
For further particulars apply to
GILMAN & CO., LTD.
Agents, Telephone 81144.
KLAVENESS LINE
SAILINGS
Direct to LOS ANGELES, SAN FRANCISCO
PORTLAND, VANCOUVER & SEATTLE--**
SAILING 6th FEB. BLE "CASTLEVILLE" m.v. "FRANCISVILLE"
SAILING SI MAR.
ARRIVALS FROM PACIFIC COAST: ma. STIRLINGVILLE”
ma."BOUGAINVILLE
PASSENGER ACCOMMODATION.
Chinesa Freight Agents.
** HOO FOOK PING THE BANK LINE (China) Ltd.
DUE 18th FEB. DUE 28rd FEB
BULK OIL TANKS
Apply:
THE BANK LINE (CHINA) LTD.: King's Buliding. TeL SIT93
THE EAST ASIATIC CO., LTD.
OF COPENHAGEN
M.S. MALACCA"
loading about 8th February
„ADEN, PORT SAID, "ANTWERP, ROTTERD
EG AND
S.S. HAI HSIA
Cargo for
Singapore Jan. 26th,
ankowe i Tientsin acceptable
bills of lading
PARTICULARS PLEASE, AP
TO THE ABOVE.
ן.