THE CHINA MAIL, SATURDAY, SEPTEMBER 11, 1948–
ROYAL
INTEROCEAN =
FINANCE
AND
COMMERCE
LINES REDS MAKING HARBIN NEW TRADING, ECONOMIC CENTRE
JAVA PORTS and MACASSAR
“TJISADANE”
“TJTJALENGKA”
"TJIBADAK"
"TJISADANE”
"STRAAT MALAKKA”
*BOISSEVAIN”
"STRAAT SOENDA”
SAILINGS
.1st Oct.
15th Oct.
*
MANILA
SAILINGS
22nd Sept.
7th Oct.
5th Nov.
30th Nov.
ARRIVALS
17th Sept. 30th Sept. - 13th Oct.
ARRIVALS
A9th Sept.
18th Oct.
SINGAPORE, PENANG and BELAWAN DELI
*VAN HEUTSZ”
"VAN RIEMSDIJK”
"VAN HEUTSZ"
SAILINGS ARRIVALS
19th Sept.
3rd Oct
29th Sept. 13th Oct.
. 19th Oct.
EAST & SOUTH AFRICA & SOUTH AMERICA
ARRIVALS
SAILINGS
"TJISADANE”*
22nd Sept.
"STRAAT MALAKKA"
7th Oct,
"BOISSEVAIN"
5th Nov.
30th Nov.
28th Sept 18th Oct..
"STRAAT SOENDA"
* not proceeding beyond South Africa. Calling at Mombasa & L. Marques Direct. Transhipment cargo accepted on through B/L to
Dar-Es-Salaam and Zanzibar.
JAPAN
SAILINGS
"TJIMENTENG”*
.17th Sept.
"STRAAT MALAKKA’
"BOISSEVAIN”.
"STRAAT SOENDA"
22nd Sept. .29th Sept. .20th Oct. no passenger accommodation.
ARRIVALS
5th Oct
11th Oct.
29th Oct.
Agents: HOLLAND—EAST ASIA LINE
EUROPE via MANILA and MALAYA
"MARIEKERK”
*MOLENKERK”
SAILINGS
End Sept. ...End Oct.
ARRIVALS
Early Oct.
Transhipment cargo accepted on through Bs./L to India,
Mediterranean and Northern European ports.
“MARIEKERK"
“MOLENKERK”.
JAPAN
SAILINGS
ARRIVALS
Early Oct.
End Sept. End Oct.
KING'S BUILDING: TELS: 28015 to 28017- CHINESE AGENTs: 82. Connaught RD. C.TELS: 31196-25133
DE LA RAMA LINES
ARRIVING FROM U.S. ATLANTIC, COAST VIA LOS ANGELES & SAN FRANCISCO
5.5. "DONA AURORA"
mv. "DONA NATI”
SAILING FOR U.S. ATLANTIC COAST
VIA LOS ANGELES
m.v. "HALLAND”
58# “DONA AURORA”
.15th Oct. Early Nov.
: 20th Sept.
.Early Nov.
THE DE LA RAMA STEAMSHIP CO., INC.
(Incorporated in the Philippines)
MARINA "HOUSE
Telz. 23576--22675
CHINESE SHIPPING OFFICI Tels. 23738--20153
ISBRANDTSEN
Isbrandtsen Company Inc
26 Broadway.
New York 4, NY.
FAR EAST STRAITS INDIA PERSIAN GULF • MEDITERRANEAN
U.K & CONTINENT » W. "INDIES* S. AMERICA
STEAMSHIP DIVISION
Hồng Kong Stock Exchange
The promise of last week has ot been borne out, It is true that
Hong Kong Banks and Unions have come to business at improved prices of $1,520 $100, respectively, but 10 stocks amongst them the more popular ones. have drifted away from their best, with the balance end on a par with the previous week's quotations. The Market is inclin- ed to be selective, though at the moment it is rather Bah
HE COVT. LOANS
47 Lean ICCS
99% Loan (1934, ★ 1940) 2806,
BANKS
EKS, Bank 15tan
w
Lon Rea.) Con Chartered Bank £18 T/en. Mercantile Bank A. 6. £47. Bank of East Asia 11.
INSURANCES Canton . 210. Union Is. 7071, (50/TClan Color Coderwriters 51% 12. HK Fire Is mob. this
SHIPPING Desglass 2008.
H.K. M. Steamboats 17. Indo China (Pret) 995
(Del.) 2002
Sheils Bearer) As
Union Waterboats Asia Nav, 255.
30h.
DOCKS, WHARVES, GODOWNS, ELL HK & K. Wharras Netzh Point Wharves Shin Shanghai Hencke Wharves 142,
E. Doke 1.
China Providetta 11h Shanghat Dockyarda 7
Wheelocks *h.
Raub Mines 4
MINING
5.K. Mines 03.
LANDS, HOTELS & ELDGS.
-10%/30
H. & S. Hotel 30% HK. Landı 1674% Shanghai Lady 23. Humphreys 10n
## Berities X-B. 4:960
Chinese Extates 101,
PUBLIC UTILITIES H.K. Tramways 16.43s. Peak Trams (Old
(New) 10n,
Star Ferries 103.
C. Lip (0) II
Bick) $b.
H.R. Fecties. $134.x, 11/50M431. Macao Electrian.. Eazdakan Lights
an
Triephones 195, 19,768, 15am. Stangbai G1 2.
INDUSTRIALS Cald. Mag. (Ord) 248. Canton Ice în.
Cementa 19.40
HK Hopes Lia.
STORES, Eit. Dairy Farms 276, 584, 32. Wattons dia, 4am)
L. Crawforde a
Sincere 44b.
China Emporium in.
Sun Co., Ltd: 30.
King Sar-Hosp 102n- Whe On (ILE) Ta. Wm. Powell, Ltd. an
MISCELLANEOUS PA China Entertainments Jou KK. Constructions (Ok; ta
H
Varo Plings
(New) 25.
Marsman Investments 9/ Mare (BK) in .
Shanghai Loan 1.50
Yinglares Co.
Evo
COTTONS
MONEY MARKET
Taipeh, Taiwan, September 15. The Chinese Communists will eventually convert the Manchuria city of Harbin into Chino's new international trade and economic centre, according to Mr. Chiu Nan, former member of the Nationalist Government's North-East Military Representation, who has made his way here after leaving Shanghai in August..
ket
New York
1
Stock Exchange
It is Mr. Chiu's opinion that the aim of the Com
munists is to gradually lessen the economic
New York, September, 18. The stock market made an importance of Shanghai by placing increasing reliance on Manchuria as China's main trad-mpressive showing in the face of highly disquieting labour ing centre, with Harbin the hub and Dairen sews. On the average, the mar
and Port Arthur utilised as the leading ports. According to Mr. Chiu, the Communists are using the Nationalist blockade of the North China coast as a pretext for launching a compaign to squeeze and drain dry the economic veins of the Shanghailanders.
decined: But losses were small and many stocks climbed new highs for the year. several golds and utilities show ed independent strength,
Transfers totalled 1,150,000. Arcong gainers were Coca Cola,
U.S. Rubber, Dome Mines, Loews, Dow Chemical, Water, Brothers, 20th Century Fox, Sunshine Afin-
1781, United Gas.
Stumblers included Douglas Airerart, Gulf Oil, Columbia Gas. Commonwealth and Southern,
"This is making Shanghai a ert building in Shanghai-has tong, Benguet Consolidated (up dead city and will result in the pay tax at a rate 24 times each bankruptcy of the city's well-to-square metre of land it occupica dio class," Mr. Chiu added.
The actual rate of the land tax Shanghai's eventual largely has never been announced, Mr. unemployed industrial population Chiu said, but some idea of its would be channeled from the city | extent can be gauged from the to the country-side.-
fact that a three-storey building has to pay the equivalent of US$350 every quarter.
Mr. Chiu said that the South
The Communist Military Con- trol Commission in Shanghai is today occupied in clearing the way for transferring the city's Seas Bank found that it had to economic activity Northward to a pay a
land tax equivalent ty region nearer the Russian orbit US$6,500. To meet this it had to Mr. Chiu said. And as part of this process the Communists have been subjecting the people of Shanghai to a programme of sys- tematic high-pressure squeezing.
The Communists, Mr. Chiu added,
have achieved this through:
(1) Contributions to the Libera- tion Army.
(2) The sudden aid on the Stock Exchange which came shortly after the Communist" oc- cupation of Shanghai.
(3) Lam taxation
Sufficient Funds
Mr. Chiu estimated that by these methods the Communists have netted 360,000,000,000 Communist dollars (US$160, 000,000). Thus, he said, the Communists have. found suffi clent funds to back thele paper monay issue amounting to 170,- 000,000,000 Communists dol- tars.
sell its gold bullion, the Com munist Jen Min Bank benefitting through the transaction-Reuter.
Japanese Shipping Industry
-Oxford, September-15. Japanese firms are offering to build cheaper ships for the British than the ship-building British can do themselves, an barkers was told at Oxford
audience of today. Japanese
ship-builders
may soon be serious competitors to the British, the bankers attending an international
summer school were Kendall, statistician of the Chamber of Shipping of
br. G. the
United Kingdom.
told
I
The building of merchant ships in Japan is now actively | encouraged by the occupying
Mr. Kendall said. zaw a letter from a Japanese firm to a British shipping com the Tyne itself soliciting cruers at pany with headquarters right on
well below
Speaking of the land tax sy tem which the Communists are following. Mr. Chiu said that w even the height of a building is taken into account in the assess
ment of tax. For instance, the builders could of British
24-storey Park Hola!--the high-
Wall Street Journal On Devaluation
pro-
He said competition may come from another quarter, for Ger many has been given permission to build deep ses vessels up to 7.200
tons. gross registered
Whereas
British
ship-builders
may feel foreign pressure, the ship owners are in a better posit- ion, Mr. Kendall deid.
Dow Jones averages Stocks 64.99; 20 Industrials. 182.16; 15 Fails 46.74: 10 Utilities 37.75.
Closing quotations: Adams Express 20% Alaska Junexx J American Can 35 American Telephone IK American Tobacco 73% American Waterworks 1 Anaconda Coppez M Aviation Corpora.ion Baldwin Locomotive $5 Karandali 49%.
Bendix Aviačkané 2937 Bethlehem Steck #87% Boeing Aircraft B Bordea Company 65% Canadian "Pacifc 16
J. I. Case 354
Chrysler 60%
Colgate 394.
Commercial Solvents 1634 ́-
Cor Products €33
Du Pont Eastman
Kodak 2 General Electric 47%
General Motors £3%
Goodrich 62%
“Goodyear 20—---
Hototake Minior 4%
International Harvester 2014
International Paper. 18% International Tel and To. Es Johns Manville 40%*
Benecott Copper 44% Montgomery Ward 53 National Distlileri 20% National Lead _8234 New York Central 10% Packard Motors 15 Pan-American Airwars 11⁄2 Pennsylvania RR 14% Radio Corporation 12% Bel Silk 113 Kemington Rand 9% Republic Steel 20% Bernolda Tobacco 28% Schenley 29%
Sex Roebuck 41%% - Shell 00 745 Soeppy Vacs 15% Southern Pacife
Standard Brands 20% Standard Oil of California 5812 Standard Dil ∞ MJ, TOY Studebaker ZK Bulan Best
N
Union Carbide 35%
US Rebber 34%
UB. Steel 21%
15 Lines 14%
Youngstown Sheet and Tube 651%.
General Pubile Uities I
Ra bonds weakened. Amons
f the carriage of goods by curb gainers were Hecla Mining,
way Polaris Mining Humble Oil- con- Associated Press.
New York, September 15. sex is left to End its OW'n The Wall Street Journal today under ordinary economic quoted one American Enancial ditions to those countries which authority as stating that Sterling. devaluation was a political
can undertake it mast cheaply and blem British officials would avoid efficiently, the United Kingdom marine can hold its facing just as long as they could mercantile
"but to a lot of us on this side, on" he said.-Associated Press. of the
e Atlantic it looks like some- thing that is fove too longing to happen be
Notice To Consignees
48. “MADAKET”“
Notice To Consignees CIE DES MESSAGERIES
MARITINĖS
The money market was severe ly.. shaken yesterday morning wher gold and US dollar prices dropped heavily on reports the the Nationalist Government were In a despatch from Washington,
Consignees per Company's selling their gold and US curren- the newspaper said that it Britain cy holdings to finance the coming was taking any preliminary deva
M/V “ĽA MARSEILLAISE” offensive
against the Reds. luation steps the moves are among
are hereby notified that their US dollars, after opening at HKS- the best kept international secrets. consignees of cargo are hereby the Hong Kong & Kowloon Having arrived. Hong Kong cargo is being discharged-into 5.61, dropped to $5.53. Unofficial The newspaper said that the notified that all goods have been Wharf & Godown Co.'s Eb transactions were reported to Directors of the International have taken place af
much lower Monetary Fund had held no meet landed and placed at their risk down, where it will be at prices. The official closing rate ing and had none planned for this and expense into the godowns Consignees risk and subject was $5.5314
of the Hong Kong & Kowloon to the Wharf's terms and con- Since any member proposing to Wharf and Godown Conditions of storage, and where change its curency value was re quired to give 72 hours notice, Ltd, where delivery may be delivery may be obtained as this was the best official signal to obtained as soon as the goods soon as the goods are landed. date that the Fund has received are landed.
FROM
•; $. "FLYING TRADER"
Manila
SAILS FOR
Pusan, Japan,: Due Sept 18 San Francisco
& New York via Panama, Sept. 20
5.63 down to $5.51.
A. P. PATTISON & CO. GENERAL AGENTS: CHINA, FORMOSA, KOREA, JAPAN &
HONGKONG
72-14, QUEEN'S ROAD CENTRAL, 4th floor. TEL: 25346.
Chinese. Agents:-LAM KEE SHIPPING CO., 20-Connaught Road, C. Tel 24839-*
TT was through from HKS:
week.
no formal proposal from Great Britain or any other member
Sterling and Australian pounds were not affected.
Sterling opened at HK$15.40 and closed five cents higher.
Australian pounds, after open-
No claims will be admitted at HK 12.30, closed at 12.29.
transactions-took place in day that devaluation of the Pound godowns or failure to attend plastres which were quoted at Sterling was
The Washington Post said to after the goods have left the
HK$12 a 100 nominal
perhaps only 2 the survey. doubtítil Ticals at HK$28.50 a 100 and present Anancial crisis.
expedient in
ia Britain's NEI Guilders at HK$25.80 a 100,
info
Damaged packages are to be left in the Godowns for exach-
Company's surveyors, Messrs. ination by Consignees and the Goddard & Douglas at 10 am. on Friday, September 16, 1948. All broken, chafed and unchanged from the pre-valuation might be ultimately the in the godown where they will Bonded Warehouse Regulations paper, said that while de- damaged goods are to be left. To comply with the General only way to reduce British export be examined in the presence of Consignees must have & Re prices to competitive dollar levels, Messrs. Goddard, and, Douglas venue Officer in attendance due consideration also would Have
were vious day,
Pacific For East Live, Inc.
DIRECT
Fast Regular Trans-Pacific Service
| SAN" FRANCIB30,"LOE 'ANGLADES
Temel
***EWARTENORE VICTORY"
"JULLA
Frue
OVERLAND NEW ZOEK-CHICAGO-DETROI MONTEZAL ́AND ALL AMERICAN & CAMADIAN OPTIES,
↑ Poly Zetalgiistad· Ámiyl Day Cargo
For full partiesires call General Azenta, UNITED STATES LINES OB
The
Notice To Consignees
“EUMAFUS"
are examined.
TO HONOLULU &
"Général Gordon” "President Wilson". *President Cleveland”
Yig
The Giobát F
FRANCISCO
Arr. Sept. 20 Sail Sept 21 Arr: Sept 20
Sall Arr. Oct. 15 Sall
TO SAN FRANCISCO & LOS ANGELES via JAPAN
"President McKinley "President- Tat”
#RA
› Arr. - Sept. 23 Art. Oct. -3
Sail' Sept 24 Sail Oct. 4
TO NEW YORK, BALTIMORE & BOSTON vić PACIFIC COAST & PANAMA
"President Grant"
"Marine Snapper"
Art.: Oct. 4 Sail Oct
¡Arr. Nov. 1 Sail Nov. 2 ROUND THE WORLD
VIA MANILA, SINGAPORE, COLOMBO, KARACHI, SUEZ. POET SAID, ALEXANDRIA, NAPLES, MARSEILLES,
GENOA, NEW YORK s
"President Jefferson” "Willamette Victory"
BOSTON
Arr. -pt. 18 Sall Sept. 20 ..Arr. Oct. 1 Sail Oct. 2.
TO JAVA & STRAITS
<larine Snapper"
Opposite Star Ferry
Arr. Sept. 23 Sail Sept. 24.
Tel. 28172/5
BEN LINE
SHIP
"BENÁVON" **BENWYVIS" “BENVENUE”
“BENLEDI”
"BENLAWERS”
"BENRINNES"
**BENARTY"
SHIP
IBENAVON"
“BENVENUTZ "BENLED""
"BENLAWERS
"BENT
"BENRINNES"
- ARRIVALS
FROM UK, via Singapore
DUE
6th Oct
15th Oct
27th Oct.
31st Oct.
19th Nov.
21st Nov.
SAILINGS
ΤΟ
London, Antwerp, Eotterdam, Ham burg & Hull
28th Nov.
LOADING
11th Oct
30th Oct
Kth Nov.
23rd Nov.
Liverpool," Glasgow,' 29th Sept.
Dublin, Havre, Antwerp, Botter
dam & Hamburg.
Geupe, Londan, Hull- & Leith
7th Nov.
37
20th Dec. 1 E
25th: Nov, 22
via Mulaya, Colombo, Aden, Port Sudan & other way-ports.
Accepts cargo for Japan.
Omits Hamburg, calls at Genoa,
at-Leith.
Omits Hamburg, calls at
For Further Farticulars. Apply Toma
W. R. LOXLEY & CO. (CHINA)' LTD. Į
Agents
York Building,
Telephone: 3416S,
THE EAST ASIATIC CO., LTD.
S.S. "NIKOBAR"
LOADING ABOUT 25th SEPTEMBER for: SAN FRANCISCO, LOS ANGELES, PORTLAND SEATTLE & VANCOUVER
M.S. “MORELIA”
LOADING ABOUT. 5th OCTOBER
for
ADEN, PORT: SAID; ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHÉNBURG & COPENHAGEN
Tanks available for the carriage of all in bulk.
THE EAST ASIATIC CO., LTD. Queen's Bldg., 2nd floor,
Tel: 34111 G SELA
KLAVENESS LINE
SAILINGS
to be given to the political and on September 21, 1949, at 10 when damaged dutiable goods
Direct to Los Angeles, in 16 days Thence economic consequences of this or am. any other action taken-Reuter.
No San Francisco, Vancouver, Seattle & Portland
will be admitted To comply with, the General
M.S. “SUNNYVILLE“ Bonded Warehouse Regnia after the goods have left the
Loading 29th Sept. steamer's godowns, and all tions, consignees must-have, a
ARRIVALS FROM PACIFIC COAST Revenue Officer in attendance goods remaining undelivered when examining daraaged duti after September 17, 1849, will able goods--All- claims against be subject to rent. Damaged cargo ex this vessel the vessel must be presented to All claims against the steam- will be surveyed by Messrs. the Undersigned within four er must be presented to the Goddard & Douglas at Holt's teen days of the ship's arrival, undersigned on or before Oc- Wharf from 10 am on Sep- or they will not be recognised. tober 5, 1949, or they will not tember, 17 and 19, 1949, and
be recognised
consignees ar requested to have No fire Insurance will be their representatives present effected. during the sHAKYPY ***
BIENTERFIELD & SWIRE.
Hong
Agents.
No Fire Insurance will be effected.
CIE DES MESSAGERIES
I6 1949. Sept
1949
MARITIMES,
Hong Kong, Sept 12, 1949.
M.S. "FRANCISVILLE“ M:S. "CASTLEVILLE”
21st
21st
Sailing to Singapore, -Port Swettenham,: Penang, Belaván & Batavia
M.S. "FRANCISVILLE”
Passenger Accommodation
Chinese Freight, Agents, HOO FOOK PING
Kir's Budg
22nd Sept.
Bák Oil Tanks
THE BANK LINE
(CHINA) LIDAS TRE BANK LINE (CODE) - L