WATERMAN
STEAMSHIP
CORPORATION
MOBILE, ALA „U.S.A.
EXPRESS SERVICE TO NEW YORK ·
0.9. “KYSKA ·
CITY OF ALMA
MAIDEN CREEK
via Panania.
loading Hong Kong 12th Oct. 4th Nov. 25th Nov.
DIRECT for 'New York, Baltimore and Philadelphia, via Shanghai and Honolulu.
Limited Passenger accommodation
Tanks available for bulk ofl cargoes.
For freight and further particulare apply:- WALLEM & COMPANY
Agents.
Hongkong & Shanghai Bank Bldg.
Tel: 34177->
THE PACIFIC ORIENT EXPRESS LINE
LOADING FOR U.S. PACIFIC COAST:
M... "VIJA“
m.v. "PARRAMATTA"
loading Hong Kong 5th Nov, louding Hong Kong 28th Nov.
For Freight and further particulars apply direct to:-
WALLEM AND CO.
Agents,
Hongkong & Shungbat Bank Building. Tuis, 34177-8.
IVARAN LINES FAR EAST SERVICE
Loading for U.S. Atlantic Coast
"REINHOLT"
*IVARANTM*
"STOCKHOLT"
loading Hongkong 12th Oct.
For freight and further particulare apply to:--
WALLEM
CO.
Agrola.
Hongkong Bank Building,
8th Nov.
Gih Drc.
Telo. 34177 -0.
THE CHINA MAIL, FRIDAY, OCTOBER 8, 1948."-
TRADE REGULATIONS SELECTIVE PURCHASE
Liquidation Of US Govt
tween
Securities
worth
par Or hnd
Now York, October 7. New trade and financial regulations in China will increase instead of reduce that country's for- eign credit, Chineko Finance Minister Wang Yun Wu said on Wednesday.
He assured American businessmen there was no reason to have fears or worries because of mea- sures designed to stabilise prices and currency exchange which China put into effect on August 20.
The new trade regulations, jready been approached by four groups with he said, would restrict the Im-American Anancial portation of only certain classes propositions to invest in Phillip-
ipine projects. pl articles, mainly Juxury goods.
to
CRIPPS' MAIN ACHIEVEMENT
New York, October 5. The announcement of higher bank reserve requirements on September 8 precipitated an
Ilquidation avalanche of
ot U.S. Government securities.
To maintain its pe prices of
nt Government bonds above, the Federal Reserve
A US Government spokesman to buy huge amount of Govern ment securities,
"It is purely a matter of selec~ told the conference there is plen (52,042,000,000,
capital including bonds
$1,338,-tive purchase and not at all res-iy of private American 100,000), in the three weeks be-trictive of trade." Wang told a ready for investment in Asia f
a September
and
Inst trade conterence sponsored by the Asian countries would put their
Fur
counell. Wednesday, September 29.
East-American
of political house in order.--Asso- There official purchases e-commerce and industry.
ciated Press. abled bankı and insurance com- Wang raid the new economic panies etc. to remain easy len-measures, of which he was chief meel ders. The Federal Reserve rainnuthor, were necessary stated its pegs on bonds held an urgent national emergency. mainly by banks though at a Dr. D.K. 1du commercial coun- slight further prices reduction. sellor at the Chinese Embassy in A major
there that oc-Washington predicted price reduction
Washington, October 6, curred last Christmas. In selling there may be more stringent im
The United States agreement bonds, banks thug often suffered port restrictions to prevent the
as well as squandering of available foreign that Britain's dollar allocations price depreciation bigger losses of current income exchange. than in selling short-term, securi- David L. Gordon, Deputy direr- under the Marshall programme lex,
tor of
of ECA's China division, told should be based on the over- Nevertheless, banks have been the conference that special men-all dollar and gold deficit of the whole sterling orea And heavy sellers of bonds, protecting sures are being taken in China. themselves against a "pusalble re"The ECA is determined that the not her own alone, was duction in the official price sup-goods it supplies China shall not cribed by authoritative sources port levels as well against be permitted to lie idle or to be here today as one of the mal
10 unauthorised uar. possible bigger loan requirements diverted
achievements of the talks con- Gardon sold. by customers,
ducted by Sir Stafford Cripps. Federal Reserve
Migeul ap-
Cuaderno, Philippine: Farently had to buy more than Secretary of Finance, said efforts the Eritish Chanceller of the a distur, Exchequer, and Amèrican Gov- as many bonde as the to rebuild Japan were had sold.
factor ini Plainly, there bing
Philippine-ernment officials in Washington #ellera
besides American trade relations.
last week. other banke selling to meet higher He said his nation's relatively reserve requirements.
limited objections' to Japan's in- from The National City Bank Sayndustrial revival stemmed find these reçelerated purchases "our legitimate desire to be free overnment bunds by Be from any influence which might Frdersd Reserve has created hamper Philippine economie de- general nervousness on the pre velopment."
was in Cuaderno sald the Philippines danger of breaking down as oc-was inviting American capital to Chancellor also won curred in Britain two years ago. participate in Philippine tecon- official recognition of the Britisiz
--Reuter.
struction. He added he had al-Government's policies that:
گردد
The
twice banks
жере
that
price pegging
Sensational Exposure Expected In Britain
London, October 6.
All Britain today awaited the outcome of police in- depart- vestigations involving Government
ments and business men, it is believed, may
lead to one of the most sensational exposures in many years.
THE DOUGLAS STEAMSHIP CO., LTD. Embarrassed Scotland Yard and Government, of
13
5.S. HAIYANG
SAILING TO SWATOW & FOOCHOW -on Sunday, 10th October, FROM DOUGLas wharf Subject to alteration without Notice.
For Particulars of Freight & Passage, Please apply to:-
DOUGLAS LAPRAIK & CO.
General Managers,
P. & Q. Building, 6th floor. Tel No. 81281
or
CHINESE SHIPPING DEPT.
20 Connaught Road, Contral. Tel. No. 24639
T.S.S. "CHEUNG HING"
HONGKONG / MACAO DAILY SAILING
SERVICE TEMPORARY SUSPENDED UNDERGOING BOILER CLEANING
WILL RESUME SAILING 11th OCTOBER, 1948 TA HING CO. (H.K.) LTD.
lea Hours St.
ficials, bombarded by questions, have man- aged to keep their mouths shut. Unofficial
reports, skirting gingerly round any possibility of offending the libel laws. have left the public contused,
des-
STORYLA
The greenient in fact appreciation of the nerd of krep- ing the sterling area
the world's largest Cutrerey aren with
its i1% central
banker.
It
WOA understood that the
Ameriem
1. Her present gold holdings
are now at rock-bottom and can- not be allowed to drop any fur- ther.
2. She cannot allow the un- qualified transferability of the steriing grants she is to make to the European
currency pool if Boch transferability would involve the risk of new drains on those
gold and dollar Reuter.
Some Nazis Not To Die
Bustos
Washington, October 0. .A spesial-Unjled
han · re-. army commission commended a 'reprieve for limited number of Nazis sentenced to death for war crimes, the Army Secretary, Mr. Kenneth Royal, nounced today.
to
Army oMcials refused to any how many recommenda- tlons had been made General Lucius Clay," the United States military gov- drnor in Berlin,--Ropter.
Truman Reports To Congress
Washington, October S. President Truman presented to Congress today his report on the final quarter of the year of Marshall aid ending June 30, 1948.
Among the factors which h President considered favourable economically were the political developments in Yugoslavia, the approval of the European
and. Programme Italian election outcome.
courty
Ru- the
The report also sali that the Greek-Turkish uld programme in "contributed the past year hud significantly towards stabilising this strategle area of the world.
and military The coonomic
Greek
pro objectives of the
bean gramme had
reached "notwithstanding the opposition
of their by the Communiate campaign of violence, aabotage
and bandstry.""
Although internal security lo Greece had not been very fully restored, tha Creek forces had been provided with the means to end their campaign successfully. The report said: "The outlook for the ently reduction of this problem to police proportions it promising."
ald United States military for the next year would pro- subslatenca vide for continued
and maintenance for the Greek armed forces.
President Trumen 1old the Greek people, however, that A icult struggle lay ahead be- tore security and a self-sustain- ing economy, were assured in- volving unity and self-sacrifice.
The report and the Turkish has ald programme exclusively. strengthened and modernised the Turkish Army.
Fifty per cent of the 1048 pro- resources.gramme had been completed by of the delivery of 140,000 tons military supplies, excluding paval vessels and aircraft-Reuter.
New Manila Oil Plant
have arranged costly parties in his luxury flat in Mayfair, in London's West End district", Ege. where the wealthy and titled
Ilve.
AUSTRALIAN AID FOR MALAYA?
Manila October 6. The Phillippine Refining Com-
Canberra, October 6. pany has completed a $2,000,000
A Liberal member of the Aug- coconut oil plant 'In a bid to
tralian House of Representatives industry fully restore a major and alleviate a world fnts short-suggested today that Australia should help Malaya enforce its FL Worcester;-general -rana. Lon on the entry of Communists. Prime Minister 1. B. Chifley ger, told newamen "there is pro- bably no better rrushing plant
was asked in Parliament to offer Some accounts. however, said
Lalaya the closest co-operation today that a preliminary report According to other accounts in the world than this one."
With its new facilities, the to ensure the ban was enforced prepared by Scotland Yard's Fruncis
and the trouble in Malaya was Fraud Squad and presented to Director of a women's depart company hopes to regain
nct fomented by the entry into Lor Chancellor Jowitt, thenient stores, laid the first infor- at least 50 per cent of its prewar
undesirable Malnya, of nation's highest legal authority.mation leading to the investig-export trade. Before World War
If it shipped 90.000 tons of all tralians. will be put before the Cabinet.
to the United States annually. Chifley replied if any country He immediatedly went to the The factory has storage facili-wished Australia to assist it The
hetles for 13,000 tons of copra. give effect to any law it made it police, when, it is alleged,
erushing "capacity of was approached with an offer has a
would get that assistance.--Asso- that he could get certain trade 250 tons and
produce 100
ciated Press. advantages if he paid £10,000.frms of coconut oli dally.-A&SO- Reuter.
ciated Press.
intervention of the Lond Chancellor, who several weeks agr, asked Scotland Yard to make enquiries, underlines the Impor
tance of the affair.
The investigation concerns oi- leget Irregularities in the issue of permits and icences by the Hoard of Trade and goods worth well over£1,500,000 are thought to be involved.
Irregular Market
The Fraud Squad detectives
their enquiries in many made many parts of the, country, but
|ations.
Cecil Price, Managing
can
anoi
AU-
Minor Clashes
to
Australian Govt Argues on Burma Front
Case Of Girl Emigrants
Canberra, October 6.
+
mably in the North of England. The House of Representatives was stirred today by
Their questions have been sim-
establishing whether ed tri
от
not many as have been allow- ed irregularly market controll- ed goods which should have gone for export.
Officials of the Board of Trade and of the Ministry of Supply have been interviewed.
the case of some 20 or 30 Australian girls who worked for the United States forces in Manila after the war and later emigrated to the United States, Britain, Canada and elsewhore,
The Information and Immi-former U.S. charge d'affaires, gration. Minister, Mr. A. Cal-Mr. John Minister,, told him in Rupplies well, told the House that the 1946 that the girls would be
Textiles and paper have been among the subjects
Tel: 31288
| probed ..
-HOLLAND-EAST ASIA LINE
4
M.S. “LANGLEESCOT"
LOADING 18th OCTOBER
FOR
Manila, Cebu, Singapore, Adein, Suez, Fort Said, Alexandria, Genes," Marseilles, Antwerp, Rotterdam, Amsterdam, Hamburg, Copenhagen, Gothenburg & Oslo,
TANKS AVAILABLE FOR OIL: IN BULK.
ROYAL INTEROCEAN LINES
*Incorporated in the Nellierlands nake Koninkliko' Java-Chilna-Paketväärt LJjnen: N.V.
Amsterdam
King's. Building, Connaught Road.
Ava Tals, 28015, 23010, 20017.
Reports today brought stateless alten into the CABO. This mystery man, te sald to
US Military
BURNING SHIP SINKS IN PORT
returned to Australia U.S. Government: after months' duty.
by
the
Rangoon, October 7. Negotiations end the shoot- ing war between government inrees and the rebel white band people's volunteer organisations (PVO) was reflected in a quiet Burma trort Wednesday.
A communique reported only minor clashes, mainly between government forces and Commun ists near Mandalay.
An announcement on the out- core of the peace negotiations is expected Saturday,
The PVO was formed by the late U Aung Sanand from mem- six era of the Burma Defence Army, which fought against the Japan- £30 and then disbanded on We are reasonable, but we Burma's liberation. - Associated want the
girls
returned." Press. said
Mr. Calwell. "I am standing on the principle that we were moat, generous in pro viding lypisis for the British and Copenhagen, October 6.
Americans and our generosity has The Liverpool steamer."Tak- beep
imposed upon. We had no oradian (5,452 tons), sank in trouble with the British."
Aid 1.To Europe shallow water in Copenhagen A member of the Country Party
Washington, October
Mr. Robert Lovett, the acing Secretary of State, declared today that the United States: Goveryi- ment was illi awaiting · final The ship fested on the harbour decisions on the part of the hottom with its superstructure Western Union Governments be well clear of water level. The fare reaching a conclusion on the police had cordoned off the dan- question of American military ger area and ordered the crow ald to Europa... ··
of 47 ashore after officials sald there was the tlik-of le-told-n-press conference that; plosión, ------------ with congressional dissent needed
·Manoeuvres
In Black Sea
Istanbul, October. 6. harbour tonight after Danish observed from the floor that if
Turkish combined naval, mill- firemen had battled for several the girls were over 21 they had hours to control a fire which the right to emigrate, anywhero tory and air manoeuvres began. "without being forced back be today in the Black Sea aren had...bmken-out-aboard.... t
hind the Australian Government, near the entrance to the Borp- forts, The beads of the United Iron curtain by coercive action".
States. Misalon for milliary ald Mr. Calwell replied that no 10 Turkey and some Military restrictions wart placed
on Attaches are following the man- emigration," but douvres which will last five days. Australian
this was
special situa- tion in which the United States The Turkish President Gen- .Chlef of Government was involved by oral Inocnu, and the
Staff of the Turkish -General. *****pecial-agroomont
General: Omuriak, are to any such programme," it would Dockyard-workers and news.
Mrs Enid Lyons (Liberal) present be some time before it could be paper reporters worked with fre
Interest. to these exercises is brujades from all over, the Danish, challenged Mr. Calwell's position
"have some enhanced by the fact that most healed that capital to flight the blazez The ship and cold women Amprican old would only be was unlooding cocon, beans and rights ás individuals they are of the military equipment, sup- supplementary and not a sub palm kernela when the fire broke not, just, calileods to ex-plled by the United States to siltute for European countries out among the cargo arkt, spread change as in cominerce"United Turkey will be used for the first own efforts-Roufor,
Frapidly to the holds.-Reuter. Press.
big time on a large scale-Router:
an ex-
Para 11.
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
m.s, “TREWELLARD"
due 14th Oct. from Japan &
Shanghai.
salls 17th Oct. for London via Strälts,
•
Colombo, Genos, Marscillos & Havre,
due 14th Oct. from U.K. & Continent.
via Strafts.
m.
"TRESILLIAN"
7
B. "CANTON"
salls 17th Oct.
duc 25th Oct.
anils 30th Oct.
ms. "TREVAYLƏR"
due 27th Oct.
for Shanghai & Japan'
from London via Suez, Bombay, Colombo' &
via Colombo,
Straits. for
Straits,
London.
Bombay & Suez
from UK. & Continent via Streita.
sails 31st Oct. for London via Straits,
Colombo, Geп08, Marseliles & Havro.
m.s. "TRESILLIAN" •
1.3. "CARTHAGE"'
sails mid-Nov.
M.я, "SOUDAN"
for London via Straits, Colombo & Continent..
due 22nd Nov, 26th Nov. salis
from London, Bor bay & Straits.
to London via Straits, Colombo & Bombay.
due 2nd Dec. from UK. & Continent
via Straits salts 5th Der. for Shanghal & Japan.
due 8th Dec.
m.s. "TREVANION"
m.s. "SOUDAN" ►
salis end Dec.
from U.K. & Continent
vis Straits'
for London.via Straits, Colombo & Continent,
• Tanks available for oll in bulk,
BRITISH INDIA S.N; CO., LTD.
m.s. "SANGOLA""
(Apcar Line) due 19th Oct. salis 21st Oct.
4.3. "BHIRALA"
(Apcar Line)
from Japan & Amoy.
for Singapore,
Penang, Madras, Rangoon, Calcutta and Chittagong.
due 27th Oct. from Calcutta
Rangoon & Straits. sails 30th Oct, for Amsy, *HAS REFRIGERATED CARGO SPACE.
via
EASTERN & AUSTRALIAN S.S. Co., Ltd.
1. "EASTERN" due end-Oct.
8. "NANKIN"
from Australla, Port- Moresby & Manila, sails end-Oct. for Shanghai & Kobe..
duc 4th Nov. from Japan. snils 8th Nov. for Manila, Sandakan Rabaul, Brisbane, Syd- ney and Meibpurno Auckland & Welling- -to
8. "EASTERN" sails Mid Nov. for Australia,
For full particulars apply to:- MACKINNON. MACKENZIE & CO.
Telephone Nos. 27721-4.
ISTHMIAN LINE
(Isthmian Steamship Co. of N.X.)
ARRIVALS
FROM ATLANTIC COAST
***. “STEEL WORKER"
....... discharging H.K. 18th Oct. 3.3. "STEEL NAVIGATOR" ........... discharging H.K. 31st Oct. SAILINGS TO ATLANTIC COAST via PANAMA B.S. "STEEL SCIENTIST"
loading H.K. · 19th Oct,
-for-
·HOUSTON, NEW ORLEANS, PHILADELPHIA,. NEW YORK, BOSTON AND BALTIMORE
TANKS AVAILABLE FOR BULKOIL.
For further particulars apply:-
GILMAN & CO., LTD.
Agents.
Tel. 31148
Chinese Freight Agents HIN FAT & CO., LTD. Tels: 28823, 25553 & 23483
The SWEDISH EAST ASIATIC Co.,Ltri.
M.V. "BENGAL"
Loading Hong Kong
17th October
for..
ADEN, GENOA, MARSEILLES, CASABLANCA, ANTWERP, ROTTERDAM '(AMSTERDAM); HAMBURG, COPENHAGEN. OSLO, GOTHENBURG and GDYNIA Tanks avaliablo guitable for the carriage of all in 'Baik,
For further particulara;app|
GILMAN & CO., LTD.
31146