THE 'CHINA MAIL, WEDNESDAY, JULY 28, 1948.
ROYAL INTEROCEAN LINES
Incorporated in the Kithartandi as
KONINKLIJKE JAN ORNA-PAKETVAART LIJNEN NÚV, AMSTERDAMÉ
JAVA-CHINA-JAPAN SERVICE
"TJIBADAK"
Arrivals
from Anuy
2nd Aug.
frum Moenasar
"TJITJALENGKA"
& Javaports
"TJISADANE"
3rd August.
from Marassar
& Juvnports
17th August.
Sailings
to Javaports and Macassar, 4th August.
te Javaports
& Ancassar
15th August.
to Javaporta
& Muenstar
14 September.
ASIA AFRICA-SOUTH AMERICA SERVICE
"LUYS"
Arrivals
from
South Africa
South America
31st July.
"STRAAT MALAKKA" frors Japan,
BOISSEVAIN"
7th Sept.
fin
Staith Amerien
& South Afrien
21st September
Ballings
in Shanghai
& Jupan
3rd August.
to South Africa
South America
Via Manila
Straits & Batavia
Fard August
to South Africa & South Amerlen via Manila Straits & Batavia 8th Oct,
to South Africa
& South America
via Maulta, Stráits * Batuvia
10th November.
Transhipment cargo on through Bs/L to Dar-Es-Salaam,
Mombasa, Zanzibar accepted on all sallings. SUMATRA-MALAYA-CHINA SERVICE
"VAN HEUTSZ"
HEINRICH JESSEN"
Arrivala
from B. Dell & Struts 3rd August
Sallion
to Swatow & Amoy 4th August.
& Amoy,
Tom B. Dell
to Swolow
& Stratis,
10th August
to Strali. & B. Dell
11th August
18th August.
Agents: HOLLAND-EAST ASIA LINE
"MOLENKERK"
Tunks Available for old in bulk
"MEERKERK"
"ANNENKERK"
Arrivals
from Japan
& Shanghal,
20th July.
from Europe.
Sallings
to Europe
via Manila & Strafts
20th July,
to Europe
via Strafts
7th August
8th September
from Europt
to Europe
23rd August
via Straits
Mid September
Transhipment cargo on through Bs/L accepted to
Mediterranean and Northern European ports,
Agents: SILVER LINE LTD.
"SILVERWALNUT"
Arrivals
from. U.S. Pacific consl
Early Sept.
Office Address: King's Building, Chinese Agents: 82, Connaught Rd.,
Sallings
to Atlantic Ports
and U.S.
Ald, Sept.
Phones: 28016 & 28017
Tel. 31106 & 21533
FINANCE AND
COMMERCE
NANKING SEARCHING FOR NEW
SYSTEM
London
Stock Exchange
London, July 28. Events on the London Stock Exchange today have proved very and rather uninteresting. quiet The late improvement seen in last weeks markets was not followed through and the buying that has taken place has been malaly due to shortcovering.
OF TAXATION
"Nanking, July '27.
China's law makers are desperatoly cooking a new. *** tax system which will lift part of the burden from the already hard-prossad farmors and put it on the shoulders, of the wealthy business, industrial population.
Today, officials say, tillers of China has an income tax, lay China's soll pay taxes-largely but it is administered on a "hit in, kind far out of proportion or miss" system, by which small to either their holdings or in- Wage-carners, such as civil ser- come, while city dwellers vants and shopkeepers, usually pay while those with big incomes escape contributing to the na- tional budget.
pay no attention to the tax col lector.
now
2
unworkable
Hong Kong Stock Exchange
quietly stoody.
The market yesterday WIS
Ú.K. GOVT. LOANS:
40% Loan to8b.
% Loan (198) 100, 154 Loan (1948) 100%, BANHO
ILK. B. Bank 2000b, ToION, 2015.
(Lon. Reg.) 11. Charter is £11-11/10. Bank of East Asia 140h.
Pending before the Legislative Yuan is the so-called "goak the rich" bill which would apply forced levies practised by several local governments on national scale. Blocked by strong waiting opposition of law makers commercial and industrial cen- made a Inte start, but some de tres, this proposal will be revived nld at better distribution of the when the Legislature meots on Sept.
objections to what they describe Various Legislators have raised
far system. It appeared certain INSURANCESI
China's unfair.
Several -new tax bills will be when the Legislative from Yuan convenes a month hence.
Most of them, sponsors say, wi tax burden. Assuciated Press.
British Government securities
mand for the short-dated issues made for some occasional firm firss.
1.
But even strong proponents ad- mit it is not the solution to equal Among Industrials tobaccos and distribution of the tax burden. breweries were the most sought Designed for one-time application after issues, the bulk of the buy-is more of an emergency mea- ing coming from the Provinces. sure to raise money. Elsewhere in this section
few
Financial experts said the prae- alterations worthy of mention oc-
tice of imposing direct taxation carred apart from the bright spot on farmers in China grew n created
Their assets by Cable & Wireless turally.
were al issues which were a strong fea-
ways visible and food collections
to ture, the ordinary being £5 high- were always needed er at 108-1/2. This improvement China' armies, was thought, to be a reaction to the recent sharp fall.
Oil shares failed to maintain their initial improvements and closed
Occasionally below the besi.
A fenture of the foreign utilitles was Mexican Light and Power issue which were Rat on the de- valuation of the peso, the six per cent incomes being £5 lower at 45.
The better feeling that prevail- ed in the Kaffir market on Friday was again, evident, With amal Cupe and local support several slight improvements were record- ed, but the turn-over falled to show any expansion.
SECURITIES:
Britial Cupscale, 24%
...... TOAL Conversion Lawn, 23%, 1985. 104 Fundingan, 5, 1968/09 1184 War Loan, 85%, 1952
102% 10454
ex-dir. 11314
+
British Trasimet, 15% * 97%
1
Income Tax
feed
Such takes remain la force more because of the relative of collection than because 0210 they impose tax burden where It belongs.
SILVER AND GOLD MARKETS
London: Silver, Spot Ace ounce 45d; Forward fino ounce 43d. Bar, Gold, per fine 17243.
ounce
New York: Silver, Bar (asked price) 74-5/8 cts.; Bar, Gold, per fine ounce (oMclnl) '$35.
Bombay:-Silver, Rendy, per 100 tolas 177 Rupees, 00 Annas; Forward per 100 tolas 174, 00;
05..
Marwari (unofficial) 17'3: Gold, delivered, per tola 112, 14; Forward (unofilcini)
112, 09: Sovereign 74, 11. One tola is equals to 3/8th of an ounce. one
tola is equal to of cunce.
его
Money Market
[
Canton Ina, 18736m. Walon ine: 78%, 760. China Underwriters 71ŝn.
11. Fire Ine, 2500. BHIPPING
Douglases 117n.
ILK. M. Steamboata 16b,
Indo China (Pret) Dini (Def.) 2941, Bhelia (Bearer) 70/kn.
U, Waterbonis 37.
DOCKS, WIJANYER, GODOWNS, ETC.)
FI.K. A K. Wharves (0), 158.
*(N) 150an North Point Wharves ». 14.K. Ducks 20. China Providenta 31. Bhanghal Dockyards 184.
Gold opened at $328.00 a toel yesterday
declined to $320,124 In the afternoon it) improved to $329.00 at which rate) MININGS the market closed.
Deliveries totalled 6,920 taels, of which 8,420 were oficial and 3,600 unoMcial.
A
Plastres opened at $11.87%2 109. After rising to $12.02% the rate went down again to $11.07% at the close.
Chinese National Currency filifres opened at 8.85 cents and closed at 4.874 cents for CN$10,- 000, Spot was stationary at 12, vents.
Ticala were $12.30 # 100,
unchanged at
NEI Guilders dropped further to $43.80 a 100.
US dollars were weak at $6.38 Sterling and Australian pounds were unchanged at $14.30 $12.62 respectively.
NY RUBBER
and
New York, July 27. Crude rubber futures closed six higher with sales of 31 contracta.
December
22.00 bid March
22.75 bid No. 1 ribbed smoked sheets, 25 nominal Associated Press.
Notice To Consignees
CONSIGNEES PER AUSTRALIA-WEST PACIFIC LINE M/V "AROS"
Buenos Aires--Sovereign, buy- 103.00, sellers 100.00; U.S. Eagles, buyers 103.00, sailers 173.00. Gold, Bar, per Gramme, buyers 10.00, sellers 10.80..
Bangkok: Gold,
Bat.
are hereby notifled that their weight of 13.224
Gramines cargo is being discharged into Exchange Rate (Selling). Bang the Hong Kong & Kowloon kok. on-New- -York-T.T.-20.20
Wharf & Godown Co.'s godown London 00.80; Hong Kong 3.74,
חד
War Loan, %%
Victory Bondi, 45%
RAILWAY SHARES:
INDUSTRIALS:
British American Tobacco (ol
G.B. & Ireland)
B-7/14 Imperial Chemical Indust., ord. 45/9 Imperial Tobacco Co. (of G..
& Ireland)
Aam Consolidated Tra
22/8
Aman Frontier Tea
11/4
As Ten Company
22/0
thwara Ten..Company.
Emp. of India & Gezien Ten Ca 19/ Imperial Tea Company
20/-
MINE SUARES:
Burma Corp.
Crown Mines
Nundydroeg Mines
11/10
eign
tland Mi
6-8/16
Spring Mines
6/201
U.S. Dollars
怕
Sovereigna
Tavoy Tik Co.
1/3
Union Corporation
258/
OIL BHAREST.
Royal Dutch Co.
214
DE LA
RAMA LINES
EXPRESS CARGO LINER SERVICES
TO AND FROM PACIFIC & ATLANTIC COASTA
LOADING DATES IN U.S.A.
Versel
TEA SHAD
Lunde
Atlantic Coast
Los Angeles
From
antle Cont
via
Los Angriem
For
atlantic Count
vis
Los Angeles
Ente
Early Aug. Early Sept.
ARRIVALS
Date
28th July 19th August 3rd Sept.
SAILINGS
Date
1st July 24th August
8th Sept.
m.y. "MINDORO”
my. “HALLAND"
Verset
m.v. "DONA NATI* m.v. "DONA ANICETA"
ni.v. "TONGHAI"
Vessel
1.v. "DONA NATI"
m.v. "DONA ANICETA" m.v. "TONGIIAI"
BOOKING AGENTS for P.A.L.
Hub Nigel
Shell Transport & Trading Co. -13/14 AMIPPING-
P. & O, Steam Navig, Co., ord. $4. CILTENGED:
- 1040/61
2002/04
Savings Banels, 2161
baht-
Paris Free Gold Pricest where it will be at consignec's Napoleon 4,825 fr., French 10 risk and subject to the Whart's frone coins 1,870; Swiss frane terms and conditions of storage, 3,900; Union Latine 3,825; Sover- and where delivery may
6,100: Half Sovereigns 2,250; | obtained. U.S. Dollars coin ($20) 10,000;
bc
Raub Mines 0%.
H.X. Mines .030.
LANDS, DOTELS & BLDG.
I. 9. Hatala 17. ILK. Landa 106, 80% KA Shanghai Lantis 45, 4.99*. Humphreys Estate 22%. H.K. Beatles 18.
Cbineau Estates X.D. 188. PUBLIC UTILITIES:
ILK. Tramwaje 124b, 110. „Peak Trama' (018) 2#n; (New) 120, Star Ferries 138n.
C. Light (0) 23, 23% am.
(New) 1. H.K. Electrics 444. Maeno Elcettle $4k. Sandakan Lights 18%. Telephones 42361. INDUSTRIALS:
Bhanbai Cas G.
Cald, Mac. (Ord.) 26h.. Canton Ice A
Cements.D. 436, 48%%% +71⁄2
II.K. Rapes 19%.
STORES &c.
Dairy Farm (01) 50%ax: (New) 48n.
Walaana Told) 876, száz, Cina.
(New) Zb, 59, řem Lane, Crawforda '358, Ki/28aR, Bloceres 7.060n.
China Emporium .D. 11.
Kitong Sang Hong 185. Wing-On (BK) 120n. Wm. Powell, Ltd. 12. MISCELLANEOUS:
Chion Entertainmenta den.
JK Contristan (0) 1bt (N) Lê
Vibros (Old) 10 (New) fb.
Maman Investments 18/1».
Karma (IX) 145. COTTONB
Ewon 1634.
RUBBER, ETC, COMPANIES:
Anglo-Javas 6.
Cheng Rabbers .800.
Consolidated Rabbare în. Kota Bahroe
Padang Rubbers 1.200.
· Bubber ~ Trusta: 036 mon
Bamagars Rubbers. 1. Bhanghai' Pahang fá. Tanah Maruku 'lo, Tebong 'Rubbers Dia Zlangbo Rubbers Be.
AID FOR CHINA Washington, July 28. China hús been cleared to re-
coin ($10) 8,900; Damaged packages are to be (in free dollars per left. In theGodowns, for ounce) $70.6; Napoleon. (in free examination by Consignees and celvo US$20,778,778 worth of food dollars per ounce) $30.5; U.S. the
Frea
CHICAGO GRAINS
Fundirst Ioan,
201
National War Bonds,
1054/20
1051/53
1938/65
.... 101-5/32 exdir. 10% 101 10%-3/19
101%.
040/77
wly. 200
FOGD/TK
100-13/10 Iteteraptions Mock, 356, 1986/ug 21. FOREIGN BONDS
German Low (Dawes),.75%
7% 20% 25%
Jap. S. Manchurian R.; 5%, 1913 22 BANKB:
comi
11-17/10
Exchequer Bonds, 1, 1050.
Japanese %, 1907/47
THE DE LA RAMĄ STEAMSHIP CO., INC. Japan 6%, 1924/30
Chartered Bank of 1.A.
(Incorporated in the Philippines) MARINA HOUSE
CHINESE SHIPPING, OFFICE-HK Bhai Banking Corp. 21814
Tela. 28476--22678-
Tels. 23788-20158
ISBRANDTSEN
Isbrandtsen Company Inc.
26 Broadway.
New York:
FAR EAST 4 STRAITS • INDIA • PERSIAN JULY * MEDITSERÁNKAN
US. & CONTINENT • W INDIES • §. AMERICA
STEAMSHIP DIVISION
#FLYING
TRADER"
FROM
New York vis
NO BAIED
Ehon hai. Inchon. Man and porta": Yokohama, duo
Aug. 2
A. P. PATTISON & CO.
GENERAL - AGENTS, CHINA, FORMOSA & HONGKONG CHARTERED BANK BUILDING, TEA BELLS. "QUINESE SIUFFING OFFIC
“Road," 0 Tel.: 24:32.
Mercantile Bank of India "A" 11X CHINESE EXTRENAL LOANS: Tientsin-Pukow Railway,
11 Lung-Tring-U-Hai Rlys., 3%; 1917 11 Reorg. Loan, 4%. Lond. Luue, 1913 16 Griep Loan, 6, 10:2
Tukang Hallways, 5%, 1911., 11 Konan Hallway, 5%, 1905... Shanghai Nanking Hallways, Kowloon Canton Railways, Berting. Bonda "... --Bleuter.
Company's.
10 am, on the 3rd August.
in
I
L
Economic Co-operation Adminis tration.
Dollar notes in black-market) Messrs. Carmichael & Clarke at ing next April 2 through the Surveyors, and fibres during the year end- 337/340.
Paris
Market Rates- Ingots: Fine. Gold ingots, with de
To comply with the General livery of counterpart per gramme Bonded Warehouse Regulations as US$11,620,040 worth of rice, Oficial listed, the allotments 234/244/T. Without counterpart 610/545, Silver Ingots, per Kilo consignees must have Re- US$2,108,738 of wheat and US$ 5,700h. 6,500a;
Officer Platinum Ingots, venue
13,000,000 of cotton-Associated attendance per Kilo 750,000b, 805,000s when damaged dutiable goods
Press Reuter.
are examined.
No claims will be admitted after the goods have left, the steamer's godowns, and all goods remaining undelivered Chicago, July 27. Weakness in eqrn unselled after the 4th August; 1948 will other grains
Monday as be subject to rent. prospects for a record smashing crop depressed prices. Wheat closed %-two bents lower,
September.
$2.29 146-1 December $2.30 16 May
$2.25 2.24% Com was two to 2 lower. September... $1.72 4 Oats were -1 lower." September ... 73 ・靴
Rye was -1 lower.
December $1.884 Soybeans were one to two cents ....lower.
November..... 2.05
Associated Press
Notice To Consignées Consignees per Canada Asiatic Lines Limited
'KL. “FOCKSIDE”
All claims against the steamer cargo is being discharged into are hereby notified that their must be presented to the under- the Hongkong signed on or before the 11th Wharf & Godown Co.'s godown B Kowloon August, 1948 or they will not wherb It will be at consignees be recognised,
risk and subject to the Whorf's No Fire Insurance will be age, and where delivery may terms and conditions of stor
be obtained.
effected.
DODWELL & CO., LTD. F. Damiged packages are to be
Agents.
left in the Godowns for Hongkong, 28th July, 1948.
examination by Consignees and "Company's Surveyors
Pacific Far East Live, Inc.
Fast Regular Trans-Pacific Service
OVERLAND
NEW YORK.CHICAGCADETROIT-TORONTO, MONTREAL AND ALL AMERICAN & CANADIAN CITIES.
From
the
Messra. Goddard & Douglas at 10 am. on the 20th July.
To comply with the General Bonded Warehouse Regulations consígnicës inust have ♫ Ro- venue Officer in attendance when damaged dutiable goods ‚aré examined. AQU
No, claims will be admitted after the goods have left the steamer's godowns, and all gooda » remaining undelivered after the 31st July, 1948 will be subject to rent a 3,0
All claims against, Koolung
the San Francisco yake if the undersigned" on or before be presented to Aug. 11 Bin Franciado via or thứ 7th chugust-1968, or they
Shanghai Esokon
will not barnpoogniaus
'Balls
Aug.
Aur
DIRECT SAN FRANCISCO LOS ANGELES
VERSELY
|12, “NAVAJO
£0.4. “LIG
A “BRITAIN:
ELK "NURFRISE"
Kobe Aug. 10 Ban: Franciato AMEN
ARGO
Japang
1
AMERICAN PRESIDENT LINES, LTD.
Passengers and Freight -
REFRIGERATION—SPECIAL CARGO OIL TANKS-
CARGOCAIRE-SPECIE
"President 'Fillmore" "President Cleveland"
TO MANILA
TO SAN FRANCISCO
August August
Я 7
"General Gordon" (vin Shanglial) "President. Cleveland" (via Manila) "General Meigs" (via Mañlla & Guam)
gig... August
............ . August 1 7 August 21
TO SAN FRANCISCO AND LOS ANGELES "President McKinley" (vja Kobe and Honolulu) "President Jefferson" (via Kobe! "President indison"
(ia Kobe & Yokohama)
July 28. August
... August 1
To NEW YORK, BALTIMORE and BOSTON via PANAMA
"Farman Victory" (via San Francisco) "President
Tyler" (vin
San Francisco) ROUND-THE-WORLD
August 12 Sept. 14
VIA MANILA, SINGAPORE, COLOMBO, BOMBAY, KARACHI, BUEZ, ALEXANDRIA, NAPLES, GENOA, MARSEILLES, NEW YORK AND BOSTON,
"President Fillmore (calls Karacht) "President Monroe" (calls Havana) "Louis McH. Howe" (calls Kara chl)
:
August 3
August 28
General Agents:
Northwest Airlinos
Lykes Bros. Stoamship Co., Inc.
St. George Bldg.
Tel. Nos. 28172/28175-
Ammertoum Pioneer Line
Arrivals from New York, Boston,
"COURSER
Other Atlantic Ports via Panama
"RATTLER"
"PIONEER WAVE"
Sailings to Manila
"COURSER"
"RATTLER"
"PIONEER WAVE"
Aug. Ang
Aug. 31
Aug. Aug. 17
Sept.
Sailings to New York, Boston, Philadelphia Baltimore & Other Atlantic Ports vis
Panama Canal
-Special Cargo Ol Tanks---
"STAGHOUND" "RESOLUTE“
*************... Due Aug. 6 Due Aug. 8
For Full Particulars Call
1
Salls Ang
Sails Aug.
UNITED STATES LINES
General Agents
Queen's Buliding,
Tel 31251 (3 lines)
KLAVENESS LINE
、
SAILINGS
Direct to LOS ANGELES, SAN FRANCISCO VANCOUVER, SEATTLE & PORTLAND
ME, "BOUGAINVILLE" mis. "ROSEVILLE"
6th AUGUST
6th SEPT.
ARRIVALS FROM PACIFIC COAST
ms. "ROSEVILLE”
31st "JULY SAILING FOR SINGAPORE PORT SWETTENHAM,
PENANG & BATAVIA.....
... 3rd AUG:
PASSENGER ACCOMMODATION. BULK OIL TANKS
Chinese Freight Agents,
HOO FOOK PING THE BANK LINE (China) Ltd:
Apply
THE BANK LINE (CHINA) LTD.
King's Building, Tol. 27793
THE EAST ASIATIC CO., LTD.
OF COPENHAGEN
M.S. "MALACCA'
loading 1st August
for
COLOMBO, ADEN, PORT SAID, ALEXANDRIA, GENOA, TANGIER, CASABLANCA, ANTWER BOTTERDAM, HAMBERG OSLO GOTHENBURG AND COPENHAGE
THE EAST ASIATIC CO.