ROYAL INTEROCEAN
Passenger a
LINES
Freight Sources
JAVA-CHINA-JAPAN SERVICE
Arrivati
from Amoy 7th December.
*THISADANE"
"TASMAN"
In port
“JIBADAK“
"THITJALENGKA"
from Macassar &,Javapórts 20th November. Itum Macassar & Jnvaports 11th Dec.
Ballinge
to Javaports
& Motmusur
Zetli Nov. 5 p.
to Jaynports & Macassar, 9th December, to Javaports
Magussar
3rd February, to Javaports & Macassar
Zara Dec.
ASIA-AFRICA—SOUTĤl AMERICA SERVICE
"TJIKAMPER"
"TEGELBERG"
¿
from
Arrivals
South Africa Erd November. frum
South America
& South Africa
fith December.
from
South America
& South Airten 19th Janity,
Sailings
to South Africa
& South America
15th December.
to South Africa
& South America
14th January.
to South Africa
South America 16th February.
Transhipment cargo on through Ba/L to Dar-Es-Hainam, `
Mombasa, Zanzibar accepted on all sailings.
SUMATRA-MALAYA--CHINA SERVICE
"TASMAN"
**THISADANE'
"VAN RIEMSDIJK"
Arrivala
from B. Deli & 'Straits
20th Novetuber.
Izz great
fton B. Dell & Straits
25th November
Seding
to Swatow and Amoy."
21st November.
to Singapore
26th Nov. p.in.
THE CHINA MAIL, SATURDAY, NOVEMBER 20, 1940.
FINANCE AND
COMMERCE
LITTLE LIKELIHOOD OF PRICE DEFLATION, SAYS BANK
Hong Kong Stock Exchange
London, November 18, The Barclay's Bank review expresses the opinion that there is loss likelihood in the future of wide price deflations, which were used to pro- vido a partial corrective to the historic upward pressure of prices and the depreciation in the purchasing power of money.
European production has re-money circulation and retrenched covered much faster than after the budget to raise sterling against the first world war but nobody the dollar. As a contrast since objective of the | expects a repetition of the 1921 1915, the basic
credit policy has been full em- alump. Again a dull week has to be (Reuters Financial Editor con-ployment and not parity of cur- chronicled and quotations in the ments that Mr. Winston Churchill rency with any external standurdi. main show downward p.| argued the some in the sieci de-i After many months neglect, De-bate).
ferred Indos have come to bust- After 1918, Britain deftated her ness at $255 and there are fur-
ел
ther enquiries. China Lights are now listed
dividend ex rights and this stock is the only one showing appreciation
Jo
SILVER AND
No Doflation Thus no attempt is likely in
the foreseeable future to con-
unke.
price. Hong Kong Banks have been GOLD MARKETS and lays down will be by
tract and definte for Its own
Hard money has lost prestige. Bretton Woods subordinates ex- considerations ternal to internal
that if there is a clash, adjustment LONDON:-Silver,
fine changing Spot
the exchange ounce 45d; Forward
ounce 45d. and not by adjusting the domestic Bar, Gold, per fine ounce 172/3.
purchasing power to a rigid ex- Bar YORK: Silver
lernat standard.
outports, under pressure from
shareholders huvc Apparently forgotten the assurances given the Bank's annual meeting, held at the beginning of this year, that the Bank had already taken steps to fully protect their inter-
ests in China,
HK. GOVT, LOANSI
k Sirails
& B. Dell,
4th December.
4
Agents: HOLLAND-EAST ASIA LINE
"MARIEKERK“
“MOLENKERK"
"MEERKERK“
Arrivata
from Japan Shonghal
20th November,
from Europe
Ard Dec.
from Europe
Ed Dec.
Sailing
to Europe via Monila & Straits
21st November.
to Shanghel, Japan
1 December.
to Europe via Manila
& Straits.
Mid December.
to Europe via
Manila & Siraits, Mid January,
Transhipment cargo on through Da/L accepted to
Mediterranean and Northern European portá Agents: SILVER LINE LTD. '
*SILVERBKIAR"
Arrivals
from US
Sallinge
to U.S.
vio, Pacific Coast, via Adantle port carly Dee.
mid December.
Office Address: King's Ballding. Phones: 28016, 28016 & 28017 Chinese Agents: 82. Connaught Bd.. Tel. 31106 & 21533
DE LA RAMA LINES
EXPRESS CARGO LINER SERVICES
TO AND FROM PACIFIC & ATLANTIC COASTS
ARRIVING FROM, U.S. ATLANTIC Coast
VIA TACOMA
s.s. "DONA AURORA”
m.v. "DONA NATI”
In Port 19th Dec,
LOADING FOR U.S. ATLANTIC COAST
VIA LOS ANGELES
s.s. "DONA AURORA“
m.v. "DONA NATI””.
Lat 102m.
314 Lean (1954 & 1ping 2008,
* LORA (IDR) 12CH. BANKS,
H.K: & B. Bank 1900h, 1919.
In
(Len. Reg.) £1986, £108. Chartered Bank £IZ-1/1ón, Mercantile Bank A. & 11 Bank of East Asia 14011⁄2D. INSURANCES:
Canton You, kan.
Unison In. 180.
China Underwriters 5.0in.
B.K. Fire Ins. 173a.
DOIPPING:
Douglas 217n.
İLK M, Bienmbasta 17.
Indo Chinne (Pret.) Jon,
(Def.), 240, 2654.
Shells (inter) 18/08,
Union Waterbosta $7lan,
DOCKS, WHARVER, GODOWNS, EI-1
IK. A K. Wharves colly 1306
New) 122.
North Pains Wharren 75.
Sh. Hongkow Wharves Sdn.
I.K. Ducka 20.
Chloe Providetis 21n.
Shanghal Dockyards 18h.
MINING:
Itaub Mines d
H.K. Mine 035.
LANDS,,HOTELS & BUILDINGS,
if.
S. Hotel
13.86
H.K. nnde #7h, GRam.
Shanghal Landi 4igh, 4,671, 4.60/29mm. Humphreys (X. [«) 17m.
(tights) 7.
H.K. Remities 18.
Chinese Estates $70,
PUBLIC UTILITIES:
1.K. Tramwaye düb, 20ban, 20.20/.80cm.
Peak Trang 1000) 21n:
(New) Jin,
Star Ferries 184b
C. Lights (C. All) 23.
. A) (Right) 10. HI.K. Elerides Dis. Meenu Electrion 244 n. Bandakan Lights 16.80n. Talenhunen 21.
Shanghal Gay_&{}%.
INDUSTRIALN7
Cald. Maeg. (Ord.) 28.
Cantun ico 7.
23rd Nov.
21st Dec.
HR. Rapes 2014 m.
THE DE LA RAMA STEAMSHIP CO., INC.
(Incorporated in the Piflippines).
MARINA BOUSE
Tels. 23676-22678
CHINESE SHIPPING OFFICE Tels. 28788-20158
THE EAST ASIATIC CO., LTD.
OF COPENHAGEN
M.S. "KAMBODIA”
Loading 22nd/23rd November
.....for
COLOMBO, ADEN, PORT SAID, ALEXANDRIA, GENOA, TANGIER, CASABLANCA, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG,' COPENHAGEN'E GDYNIA? Tanks available for the carriage of oil in balk
S.S. “NIKOBAR”
· Loading about_27th November
'for
ADEN, PORT SAID. TANGIER, CASABLANCA, ANTWERP, ROTTERDAM, HAMBURG," OSLO, GOTHENBURG, COPENHAGEN & GDYNIA
THE EAST ASIATIC CO., LTD:
Queen's Bldg. 2nd floor,
́Tel. `84111 & 84112.
CHINA MERCHANTS S.N. CO.
18- Connaught-Road - Wert.
Telephone:$1853
Cements 39, 40m
STORES AC.T
Dairy Farme (011) 45%
Watson (M) 81⁄4n.
(New) G4%%*.
1. Grawforda, (X, Nts.) Jin,
(leita) 180.
Sinceres BB.
NEW
(asked price) 74-1/4 cts. Dar, Gold, per fine ounce (offietal) $35.
ratz
REVIEW London Stock Exchange
London, November 18.
of South Speculative buying African gold mining shures was the feature today. Non-producers keen demand and re- sharp rises, following corded signs of broadening public in- terest.
Vere
her sections were kille. Government : long dated stucks were markel tracilon=
ally lower on new of €5,900,000 Bo45.
holgala 2% stock at par,
ern
Another Industrial new lasur Burross www poured when the lens of £1,000,000 for the English Sewing Cation Company wha honvily oversubscribed today, Indus deflation trial shares were generally wendy. TranTE- partial recŇTELY
Previously monetary sometines Interrupted the secular el abates showed BOMBAY Silver, Rendy, per trend towards rising prices ander their recent heavy losses, e 100 wins Rupees 175, Annas 12, depreciation In the purchasing Interest ulls was concentrated Forward per 100 tolas 175, 15; Mar power of money, but this post-war veten sit concessions. These shares wori funofficial) 176, 00; Gold, denonetary philosophy and political Ivered, per fola 113, 03; Forward budgeting will make such inter- (unoMcial) 112, 11; Gold. Sover-ruption rarer Reuter. eign 75, 08. One tola is equal to 3/8th of an ounce.
BANGKOK-Gold, Eat,
INDIAN TRADING WITH JAPAN
buht- weight of 15.244 Grammes un- quoted. Exchange Rate (Selling). Bangkok on New York T.T. 19.70, London 60.20, Hong Kong 3.75.
New Delhi, November 18. PARIS FREE COLD PRICES:-
The Government of India today. Napoleon Frs. 3,850, French frane coins 2,860, Swiss franc urged traders to take early ad-
of jvantage
high priority 5.840, Union Laline 6,425, Sover given to India on Japanese in eigt 7,175, Half Sovereign 3,379.dustrial production.
10
the
US. 20 Coin 26,400, U.S. $ 10 Coin 14.000, Sovereign (in freeing a sterling area
An announcement cancer-
U.S.
trade agree-
advanced by 3/10 st #%%th on peralatent rumours that the Royal Dutch Company may make aft efter 15 minority abaze bubler.
Chinese loade Among foreign bonds. met with scattered selling and declined by was painta. German potash İçe were quietly supported.
RECURITIES:
B
British Consola, 25% Conversion Lean, 3%, 1901 136-7/18 Funding Lown, 4% 2900/90 118-9/15 193-9/16 105
G., Ireland)
before imperini Tubace Co. (of G.D.
A ireland)
Auto Frontier Ta
$ per ounce) $86.0, Napoleoninrnt with Japan said that firm (in free U.S. $ per ounce) $99.5. orders should be placed US. Dollar Notes (in black-mat-the end of November for items not ket) 475.
requiring in pection on the spot TEA BHARES Paris Free Market Fates and by the end of December. for Asan Conclulated Tea Ingols: Fine Gold Ingots, with the remainder. delivery of counterpart
The announcement noted that Am Tra Company Frs. 224/244. Without India gramme
visits is sponsoring
of her Tea Company counterpart 7424/700,
Silver traders to Japan to enable thent Emp, of ludia & Calon Tea Co. 10/9 Ingots, per Kilo 6,000b, 7,400s; to settle details and place AMINE BUARESI Platinum Ingots, per Kilo 600,- orders, The announcement added Burma Curg. 000b, 155,0005,--Reuter.
China Emporium 9152, 0/10
Ba Co., Ltd. 4m.
Wlog On (8.K.) Bs. Wm. Puweth, lad. In. MISCELLANEOUS,
China Entertainmente
R.
1.8. Constructions" (Ohl) for. -
(Now) Cit
Vibros (Old) 181.
(New) 10.
Markson Investmentá 18/2h.
Mateman (H.K.) 1,504, 2/2.)Dan Shanghai Loan 4. COTTONH:
Ewo 15x
RUBBER, KTC., COMPANIESI
Anglo-Javor disn
Cheng Rubbers Jon.
Consolidateds 21án-
Dominions 2.
Kata Bahros 20.
m
Padang Rubbers In Keblers Trusla Bemagtag 1.10. Bh. hangs 2. Tanah Merah 35 Tebang Rubbers 40%. Zlangle Hobbers 65,
ISBRANDTSEN
Isbrandtzen Company Inc.
26 Broadway.
New York
per
FAM KANT · STRAITS • INDIA ↑ PERSIAN 'QULS • MEDITERRANIAN UK & CONTINENT • W. INDIES • B. AMERICA STEAMSHIP DIVISION
FROM
"FLYING ARROW"
-
SAILS FOR
Shanghai, Taku· Bar, Fusan, Yokohama, due Nov. 25 Nov. 26
New York
vin Manila
A. P. PATTISON & CO.
GENERAL AGENTS: CHINA, FORMOSA, KOREA JAPAN, &
HONGKONG
CHARTERED BANK BUILDING. * TEL:: 25346
CHINESE SUIFPING OFFICE:"
20 Connaught Road, C. Tat. 24039.
AMERICAN. PRESIDENT LINES New York via Panama Trans-Pacific-Round the World
Refrigeration Special Cargo Oil Tanks
Cargocaire
Specie Strongroom
61. George's Bldg.
Tel. Nox. 2811E /28175
Ammerteam Pioneer Line
Arrivals from New York, Boston,
Other Atlantic Ports via Panama
*PIONERE. BAY“
"STAG HOUND"
"PIONEER BAX" "STAĠ `HOUND"
Sallings to Manila
Nov. 20 Nov. 30
Nov. 21
Dec. 1
Sallings to New York, Boston, Philadelphia Baltimore & Other Atlantic Ports via
Panama Canal -Special Cargo Oil Tanka- "PIONEER BAT” ....................................... Dae Dec. 1 "STAGHOUND"
Due Dec. 17 "GREEN DAY VICTORY"......Due Dec 30
For Full Particntara. Cal
* Fails Dec. Balls Dec. 18 Salts Dec. 31
War Loan. 16, 192
War Loan),
Vietney Honda, 45%
115
INDUSTRIALBI
Bellish American Tobacco (of
*
perial Chemical Indust. ord.
/
G-21/32
UNITED STATES LINES
21/0
16/3.
22/0
Company
27/0
Queen's Building,
#7/8
5/-
8
5.3/10
4
1/3
207/
3.15/26
Imperial Tea Company
that the agreement "envisages"| Crown Mien spo
aports by India from Japan of Hundy droog Mies US$201,300,000 and exports by In. Rand Miner din to Japan of US$17,000,000.- Spring Mines Associated Press.
Money Market
Sub Nigels
Taro Tiu Co. Unlon Carperadon QIL SHARES: Biral Dutch Cu
Shell Trapport & Trading Co. BRIPPING,
Gold dropped to HK$299.75 1. & 0. Steam Navir, Co., ord. 65/- fael yesterday but at the close of GILTEDGED:
the market it recovered to $802 Funding loan, 85% which was the same as the open-National War inte, 24% ing Later
1949/51
1232/64
U.S. dollars dropped further 1524/08
103-11/10
101
10%
10 HK$5.19, but improved to $5.2015. In the, afternova..
20234
10G1/03
102-0/10
Gold Yuan was quoted at 25 end 243 cents. Remittances to Canton varied between 21 and
Savings_Beads.81% 1.
1925/65
104-1/19
1960/70 1403/78
101-3/18
107-5/14
223 cents. Shanghai remittances Exchequer de, 1, 1990 100-21/22 opened at 155 cents, went up to Redemption Black, 5, 1986/99 109 18 cents and dropped back to 1834 German Lean (Dawee)
.cents.
I FOREIGN BONDA:
Japanese A6, 1987/17 Plastres opened at HK$0.08 zanese 867. 1914/59 100 and closed at $0.6) 4.
Ticals were quoted at HK$20.30 100
NEL Guilders went up to HK$35 a 100, after opening at $34.05 in the
morning..
Sterling made a big climb to HK$15, the highest for the last six months.
Australian pounds were quoted at 11$12.50.
NOTICE, TO CONSIGNEES HOLDING
P. & O., B.. L & E. & A. BILLS OF LADING
7%
30
29
Jap. R. Matchurian By, CA, 1929 185 BANKRI
Chartered Bank of LA. & C. 12-1/26 Hon Hunt & Shanghai aak 106
D
untile Bank of India "A" 21% CHINESE EXTERNAL LOANS Tienselt-Pukow Railway, Br Lung-Twing«U«I»! Ilye: 65%, 3013
arg, L. B. Lon. Eme, 2013 12 Crisp Lown, Wà, 1912 Hukung Railwaón. 51%, 1015.. Hour Railway, 5%, 2905 Shanghal Nanking itiys., 15.. Kewin Canton Railware, Bk.
Blerling Bonda
Tol 81251 (8 lines)
BEND LINE
THE
BEN?
-9.9-BENNEVIS" 8,8 "BENARTY"
8.8. "BENLOMOND" 6.8, "BENVRACKIE”
SHIP
*5.8. "BENARTY" · 8.5, "BENNEVIF" S.S. "BENVRACKIE" 8.8. "BENLOMOND"
* Calls at Gonom.
1
PAN FAST
ARRIVALS
FROM
DUR
“Late Nov.
UK.
Early Dec.
U.K
UK
SAILINGS
то
Aden, Fort Said,
London, Antwerp, Rotterdam,
Hamborg
For Further Particulars, Apply To-
End Deo, Mid Jan.
LOADING
Mid Dee.
End. Deo,
Mid Jan.
End Jan.
W. R. LOXLEY & CO. (CHINA) LTD.
**
*
Fork Building
P
11
Agents
Telephone: 3416).
Notice To Consignees KLAVENESS LINE
M/V "IRARAN"
Megars." Goddard & Douglas will atṛend at 10 am, on Mon. days and Thursdays within the having arrived Hong Kong free storage period to survey consignees of cargo are heroby. damaged cargo, and consignees notified that all goods have are requested `to`hayo "thub been landed and placed at their representatives present. Unless risk and expense into the go- consignees representatives are downs of the Hong Kong and present at the Survey no claims Kowloon Wharf and Godown can thereafter be admitted.
Co., Ltd., where delivery may be obtained ys soon as the MACKINNON, MACKENZIE goods are landed.
Agents
& CO
P. & O., 8. N. Ca. B. I. S. N. Co, Ltd. E. & A. 9.8. Co. Ltd.
Pacific Far East Live, Juc.
Fast Regular Trans-Pacific Service
OVERLAND
NEW YORK.CHICAGO-DETROIT-TORONTO, MONTREAL AND ALL AMERICAN CANADIAN Crrica.-
TENTATIVE 'BAN FRANCISCO/109 : ANGELES TO HONG KONG SCHEDULAM,
S.S: “HAI HSIA” Singapore
SAILINGS
S.S. "HAI TAI” Haiphong
Nov. 22 S.S. "TIEN SHAN” Tsam Kong, Holkow
Pakhol Nov. 22 Nov. 277
HAM - FRANCISCO,' LOS ANGELES.
Balla Bag Frambo
4' dkyn' alive” Ali uteško ** days after. She strik
(With Passenger Accommodation) Cargo for Ting-Teo, tansow a Tientaln
on through bills of Tading,
For full particulars please apply to the above.
For
****INDIAN" BERI” BELTINGA DRAGON"
Arriris Elang · Kong
'21 days later' 33° daza-Jaler
KDKWMTATIVE ›KONG {moko "ed dat IrsastoincOMOS ANGELES SCELEDULE AS
B: days after; the zigťka,
days after sho: afrika
“CITINA÷SBAR”
"JOPLIN: VICTORY"
** ERRFIGERATION DE DBY, DAB particulara call General Ageais, UNI
Argivm ¡San, Francisco
days later
No claims will be admitted after the goods have left the godowns.
All broken, chafed and dami- aged goods are to be left in the godown where they will be examined in the presence_ni Messrs. Goddard and Douglas. on November 23, 1048 at 10
a.m.
To comply with the General;
SAILINGS
DIRECT TO VANCOUVER AND TACOMA
Loading
m.s. "CASTLEVILLE”
ARRIVALS FROM PACIFIC COAST
Arriving
M.S. "CASTLEVILLE" M.S. ROSEVILLE!
..3rd: Dec. 24th Doc. PASSENGER ACCOMMODATION. BULK OIL TANKS
Chinese, Freight" igents.
HOO FOOK PING THE BANK LINE (China) Lod
Apply Aus THE BANK LINE **(CHINA) LTD. ANY King's Building. Tel. 87799
FASTEST DAILE BÉRVICE TO AND FROM MAVAU,
Bonded Warehouse Regulations, T.S.S. "MERRY MOLLER”
consigncos must have a How venue Officer in attendance' when examining damaged duff-
| obla" goods, "All claims against the vessel must be presented to the Undersigned • within fourteen "days"ɗf the ship's_ar- riyal, or they will not be re- cognised.
Nofife insurance will be effected.
WALLEM & Co.
Agonté.
Thlephone: 34177-9.
Leaving Hong Ko
· Leaving MacaM.
Fally, from yiur Lak Tikwel 2.00 pm: Danr
Thaos subfort- to niścrattog - without, noties
MOLLERS
(HONGKONG) LIMITED