THE CHINA MAIL, SATURDAY, MARCH
1050
ROYAI
INTROCLAN LINUS
TJITJALENGKA"
SINGAPORE, JAVA
PORTS and
MACASSAR
"VAN HEUTEZ"-
"TJIBADANE”.
_Only_to_Bingapore......
Penang Belawan Dall
■ MANILA, EÄST & SOUTH AFRICA &. SOUTH AMERICA
"B01BBEVAIN”
"STRAAT BOENDA"
JAPAN
"TJIPONDOK"
"BERLAGE"
"BO188EVAIN"
"STRAAT BOENDA"
ARRIVALS SAILINGS
6th Mar.
10th Mar.
20th M. r.
17th Mar.
18th Apr.
0th Mar. 10th Mar. 26th Mar,
Brd, Apr. 4th May
6th Mar.
14th Mar.
16th Mar,
1st Apr.
19th Mar,
17th Apr.
2nd May
Agents: HOLLAND-EAST ASIA LINE
EUROPE via MANILA
and MALAYA
ARRIVALS SAILINGS
8th Mar, darly April
early Apr. early May
lasued to
Mediterranean and Northern
"HODGKERK"
"MEERKERK"
Through BB/L
European ports.
JAPAN
"HOOGKERK"
"MEERKERK”
early Apr.
early May
16th - Mar. early April
KINGS, RULING, ILULPHONES: 28015. (TO) AROGA
ABİNLEÜ. AGENTS #LUCONNAUGHT ROAD, G, FISH4196 230,31
DE LA RAMA
Sailing via Japan parts to
LINES
U.S. PACIFIC & ATLANTIC COAST PORTS
M.Y. "AJAX"
Arriving via Manila from
19th Mar..
U.S. ATLANTIC & PACIFIC COAST PORTS
S.S. "DONA AURORA”
M.S. "DONA NATI”
.due 16th Mar.
.duo 26th Mar.
BUTTERFIELD & SWIRE
Agents
1. Connaught Road, C.
Tel. 30331/8
U.S. ORIENT MERCHANT LINE.
SHIP
4. "ANDREA8"
"NORLAQO"
ARRIVALS
FROM
GALVESTON,
GALVESTON,
QUE
J
In Port
Abt.
14th Mar.
26th Mar,
>
9th Apr.
... “ANNITBA" * EAST COAST/USA.
EL "VASSILIS“
W. R. LOXLEY & CO., (CHINA), LTD,.
York Building
AGENTS.
Tel. 34105
AMERICAN PIONEER LINE
to and from Atlantic Coast 'Ports of the United States and Far Eastern Ports FAST CARGO SHIPS „ARRIVALS FROM ATLANTIC
Mar. 13
"PIONEER LAKE
"PIONEER WAVE".
PIONEER SEA-
PROLA SAILING TO MANILA "PIONEER LAKE". (vla, Keelung, Fasan) Mar. 19, "PIONEER WAVE" (via Futan)
Mur,
PIONEER SEA (via Keelung, Yokohama) Apr.
SAILINGS TO NEW YORK, HUSTON; BALTIMORE, FHILADELPHIA: NIST
JAPAN & PANAMA CANAL
AMEBICAN REPORTER' Arr. Mar. 29. Sulls Mar. 30
Apr. Apr, 20
1.Informes
UNITE
Apr 10 Apr 22
LINES
2Tel: 281963
FINANCE AND
Hong Kong Stock Exchange
The past week has been dis- appointing. Companies continue to declaro-good-dividends, but the markot takes little effective notice, and the business passing has been amali and" rates barely maintained.
Are
Government Loans are avall, able at a discount, which possibi points to money belag tight. This mby be affecting the market as political conditions, outwardly, are the same as they have been for some time.
1.K. GOVT. LOANS
4% on 985....
Van (1034. 1949). Dib.
3 Loan (1968) #An,
DANKS
H.K. B. Bank X.D. 15491, 1480s.
(Lopt. Ren)ERAT
Chartered Bank £10 1/10n. Mercantile Bank A. A D. £270- Bank of Eus Aale 101,
INRURANCES Canton Ine, 31. Union Ins. 015, 625. China Underweitern St. *LK. Fi vina, (X350.
—————-NHIPPING
100. A
Drugi
2.K. M. Wiesmbonts ;3 Tudo Chinna (Pref.) 189,
.(Def.) Lids.
the1 (Beater) 49/1. Unies Waterbonia 2n,
Asla Nav, 24.
DOCKS, WHÅRVES, HODOWNS, Kte.
H.K, & K. Whartes 1986.
$
North Paint Wharves S.
hanubai Ronakaw Wharves 100.
H.K. Ducka 180%, -18.Men.
Chien Providente 12.
Shaoghal Dockyarde. 53% na
Wheelocke 27b..
MINING
Raub Mines Blin.
H.K. Mins 01.
LANDS, HOTELÄ & BLOGS.
H. 9. Hotels X.D. $%n.
H.K. Landa 4847
-Bhanghai -Lands 1.930. Humphreys X.D. 100, B.K. Reales An
Chinese Estates „120=,
PUBLIC FILITIES
H.K. Tramways 14.8th, 141ixa. Park Trame (0) 19n.'
(New) n
Star Ferries X.D. MED.
C. Lights (Old) [1.80», 11.30/20#.
(New) 5.10b. 1,20%.
HK. Eletrics X.D. Lis Macno Electries 201. Bandakan Lights Vien. Telephones 175. Shanghai Gas 15in.
INDUSTRIALS Cald, Murg. (Ord.) 24. Canton Ices 3. Cements X.D., C.R, 2. I.K. Ropes 1640.
STONES, Etc.
Dairy Farma 41a. Watsons 436, 40%*, 48YRÐ, 1.. Crawfords 2012, 2012. Bineers 1.800.
China Emporium 106.
Hun Co., Ltd.
GS.
Kwong Bang Many vib.
Wlog.On (H.K.) (
Wo, Powell, Kut, Dian..
MISCELLANEOUS
Chitis Entertainments 17b, 179%0. 3.K. Constructions (Old) 2.4.
(New) 1.300.
Vibro Flings, 159, 1 --Marəman - Invcelusonia_9/.o..
Maruman (11.X.) Jon. Shanghai Loan 1.800. Yangtases 40.
*COTIONS
Ewos -2.95b...43
Money Market
COMMERCE
PROFITS AND
SHARES
BONUS
London, March 3. Commenting ›apon the “døärth of risk cöpital” :in the United States, tho, National City Bank of New York paints out that taxation is so heavy that it drains off the margin of inçamos which -their-owners-formerly used to save and invest, this is true of the American investor, it is doubly
true of us in England today.
Our grandfathers regarded thrift as one of the cardinal virtues.
Each year they saved a sub- stantial part of their income, and tho frulls of their investments our not only provided us with
but great industries of today
In two wars. Our nie plight is very different. After we have paid our taxes and diet our current living openres, so
15
CONTROL OF SILVER PRICES
Washington, March 2, Senator McCarran, Nevada Democrat, said today that the control of liver prices probably lies in the New York market.
far from being able to Save More silver is sold through
nome of us have to realise our the New York market than any capital in order to give our chilmarket in the world", he said.
an A resolution to authorise dren the same start in life as bur
liver trade prac- of investigation fathers gave us.
Nor is there today. the same tices is pending before the Senáto temptation to risk our savings in Judiciary Committee of which new ventures, If they fall, the loss Senator McCarron is Choirmun. is ours. If they succeed, Government first levies
'Tho Government price for newly mined domestic silver is 10.5 cents.
THE "He said that 90,000,000-ourees profits of the metal were sold through tax. It proceeds to levy income the New York market last year tax on what is left, and even then for industrial use and that the we are liable to surtax, if our price has been suspiciously stable gross income is above a certain for several months at 73-12 cents margin, Why then save and in- an ounce. vest, even
we are able to do. so? That is
one of the reasons why the moment taxation rises
Referring to this gap, Mr. Mc- Fabove a certain height becomes
ato Carran asked: "Is it (the price) canker in the life of the nation-forced down and held there lay In these days of class warfare
monopolistic combinations?" and prejudiced thinking we are Senator McCarrah said paying dearly for a certain loose world price of alver was fixed
past. ness of expression in the
until a
'bigo 'by Your
·Yow yours that much
muca hrokers in London. The Bombay Dbused word
As every market, he said, is at present
of import restric
And the
Take, for example profits isolated because e
accountant "kniwa,
have to provide for many neces-tons on the metal, sitles. Depreciation, obsolescence, Shanghai market
has
Associated Pres.
tha
is cut off by
and renovation of plant, all have Chinese Communist conquest-
be paid for out of trading pro- 614. The parallel is the house owner, who to devote a por- tion of his income to the decorn- tion and repair of his house, and the renewal and upkeep of his lines and fumiture.
MALAYA GOC'S FAREWELL
Singapore, March 2. Major-General Sir
Charles
Commanding. the Malaya district, wished his troops good hunting and straight shoot- ing in a farewell order before. leaving, for Britain next week.
individual con let his house Houcher, An and furniture go to rack and ruin, and is still able to do his work. A business cannot On the introry,. It must do more than make good the ravages of time. It must keep on growing and bringing itself up to date, if it is to do any good at all. All this must come out of profits.
Even today ixable profits do not take full
necessary
"Your magnificent achlove, ments in the jungle and out of it are not sufficiently realised out- side Malays," he said.
Ninjor-General Robert *Up- uhart, who is taking over the Major-General
account of these from
charges, and the result Bouchet, arrived at Kuala Lum
is that beyond a certain point a pur today.
it
business has to onim over two Major General Boucher, who is shillings for every shilling which returning to Britain for health has commanded the spends on its upkeep. But my reasons, main point is this. It is a thou- Malayan district since June, 1949. sand pities that we have come to Reuter. speak of "trading profits." Instend we should speak of a trading surplus," and use the word "pro-
fits to meth, "distributable pro fu" after all essential charges i have been met.
Bonus fallacy
and extension. The money so ap- plied remains the property of i
the direct and what shareholders,
CITIZENSHIP OF INDIANS ABROAD
London, March 7,
New York Stock Exchange
New York, March 2. The stock tharket clung to a Stendy couts while the effects bl The coal strike grow worse by the almost evenly matched, hour. Gains and losses were
Changes were mostly limited to minor fractions. Transfers 1,940,- 000. Four. liundred and twelve stocks advanced and 409 declined. New highs were recorded by 50 stocks while only one touched u how low.
Among gainore were Granite City Steel, Eastern Stainless Company, Gull, Steel, Bund Mobile and Ohio; Pepsicola.
Laggards. Included Baltimore
and Ohio, Greyhound, Santa Fe.
Dow Jones averages: Stocks 73.91; 20 Industrials 203.54; 15 Rails 55.74; 10 Utilities 42.82.
Closing quotations: Adama Express 21% „Alaske“Union A Américan Can 111%
Smiciting 544 Telephone 100% Tobacco 74% Waterworks 0%, Annconda Copper 30% Aviation Corp. 0% Baldwin Locomotive 12% Barnsdall-50
Bendix Aviation 42% Bethlehem Steel 34 Boeing Aircraft 284 Borden Co. 51% Canadian
Pacific 15% Case-443
4534
Commercial Solvent 16% Corn Products 00%
Du Pont 92%
Eastman Kodak 47
General Electric 40% Motore 75%
Goodrich (84
Goodyear 40%
Homestake Mining 45% International Harvester 27%
Paper 3844
Tel 113% Johns Manville 46% Kennecolt Copper 83%. Montgomery Ward 50% National Didullers 224
Lead 38%
New York Central 13% Packard Motors.3% Pan American Airways 10% Pennsylvania RR 17 Radio Corp. 14% Real Silk 114
Steel 20% Tobacco 38 Schenley 31% Sears Roebuck 434 Shell Oil 85% Socony Vacuum 18% Southern Pacific 324 Standard Brands 2234
Oll of Caliz, 02%
¡of N.J.:67%
Studebaker 28
Union 20%
Bog
"
*Oärbide 43% US Rubber
The High Commissioner for Judja, Mr. V K. Krishna Mohon, Another unfortunate expression said in London tonight that the
Westinghoure
83% is bonus shares. As I have just time is coming boda When Indiana
Youngstown Sheet & Tube 79 pointed out, if a business ho vínab beid been vinit abroad for
Gen, Pub: Utilities 17% thrive,:lt:mutation
och many years will have to know
Where their citizenship lies. Rail Bonds improved. Among |Year's earnings to
Speaking at the rintal diaber curb gainers Were Kirby Petro of the Indian Social Club, he was letim, Louisiana Land, Cities Ser- coinhenting on the fact that the viee, Kaiser Frazer-Associated at HKTota have really dohé ́ ́is to 76/3Bumber of Indinu living in Great Press.
Britain is unknown. At present, LAVES the busbiess W. Machda added," the law of :Sterling opened at HK$15/10 antho
behalf. And andia makes ditenkip rights Australian pounds opened or as that money reinvested, and easy rather than difficult for HK$13.25. and closed at $13.30,, so do annual distributable
as in consequence the business those living overseas.———Reuter. Fiastres opened at HK$13.60 TE, SO 100, and closed at $13.85.
US dollars opened and closed yesterday at HK$6.48, with drop in the interval to $8.474.
TT was stationary 0.51%2.
and closed at $15.20.
Ticals were unchanged at HKS 28.50 a 100.
NEI Guilders dropped to as 24.00 a 100, after opening at $28.
18
of the
profits and
and dividend increase
I.
anyone thinks that improper,
let him reflect on one simple fact
back to the
U.S. DEFICIT
Washington, March 2. The U.S. Gavernment passeca"
I that money had been handed the two-thirds mark of the scal
shareholders, they would have been entitled to in-year 1850 with a decit off
operations since veat it elsewhere and to obtain 780,495,000 In dividends on that now invest-last July 1.
LONDON STOCKS ment. Why then should they be President Harry Trumah has
Londen, March 2
¡nces?
NY RUBBER
Zorecast that the deficit will rise to $5,583,000,000 by June 30 Asociated Press,
deprived of new dividends, if that Prices moved in-a-nurrow-fan-money is reinvested in the bus ge during a listless passion of the London Stock Exchange today.
SHIP MOVEMENT. British Government. Bóndi
Ban Fratéliçó, Mórch 2. dropped one quarter to three
New York,, March 2,
Skip Hopartire on March 1, cigths of a pound per hond of £100.
FRvcride rubber
Tor Bombay-Asso humber one Stylehurst Slight guiris predominate i jin futures closed unchanged to Eve Clated Press the industrial shares, list.higher, Bales 37 contracts.
Rome, Murch 2 Cash tin Was" "five Shillings
M10,15 bid. higher at £599:16 bid, and 2000
10.83-67. An earth tramer (caused pante Rebtember
18.73. but no damage today adam asked. Ninety Bay Futures-rose 17/0d. to £388, bid, and 588: Epot number and ribbed, smok-loelola, a village rear Naples. The asked. The total turnover was 70 edaucets $16.5/4 nominal ao trižnor lasted several seconds tans,Associated Prense
Fikfod Pres
gjasodated, Fressent
May
Pacific Far East Live Ine.
HAN
NOTICE TO CONSIGNEES Comignées per STATES› STEAMSHIP”
COMPANY
1.5. "OBEGON” are hereby notified that their cargo is being discharged into the Hong Kong Kowloon Wharf & Godown Co's' godown where it will be at consignops risk and subject to the Whart's forins and conditions of storage. Where alivery may be obtained.
Damaged packages are to po left in the godowns for amination by Consignees and theCompany ke sirverora, Messrs. Carmichael Clarke at 10 am on March 6, 1860.
To comply with the General Bonded Warehouse Regulations, consignees must have Re venue Officer in attendance when dahinged dullable' goods are examined.
• Nodalms will be admitted after the goods have left the steamer's godowns, and all goods remalding unde after March 01980 will subject to rent
PRESIDENT
TO HONOLULU & SAN FRANCISCO
"President Wilson"
"General Gordon" "Proildent Cleveland"
JAPAN
„Air." Mar. 10 Art. Mar. 18 ......Att. Apr. ́ 14
Salls.Mar. Salls Mat. Salla Apt. 15
TO SAN FRANCISCO & LOS ANGELES
via JAPAN
"President Madison" "President Plerco"
TO NEW YORK, Via PACIFIC
"Marine Snapper" "President Johnson"
Arr. Mar. 7 ...Atr. Mar. 11
Sails Mar.
Sails Mar.12. BALTIMORE & BOSTON COAST & PANAMA
Art. Mar. 19 Salls Mar. 20 Art, Apr. 15 Sails Apr. 16
ROUND THE WORLD
VIA MANILA, SINGAPORE, COLOMBO, KARACHI, BUEZ PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON
"Mount Davis" "Mount Martsfield"
Art. Mar.
Salls Mar.. 7
Arr. Mar. 20
Salls Mar. 21
TO JAVA & STRAITS
"President Johnson”
St. George's Bldg.
...Arr. Mar. 14
Sails Mar. 15 TL_28172/5.
BEN LINE
SHIP "DENAVON"
"BENALBANACH"
"BENVENUE"
"BENVANNDCH" "BENLAWERS" ·
"BENNATOW" "BENNEVIS" “BENCHUA CHAN "BENWYV18"
-"BENŃATOW" "BENVENUE" *"BENVANNOCH"
"BENNEVIS"
BENWYVIS"
{"BENLAWERO"
DENORUACHAN"
FAR EAST
ARRIVALS
FROM
.U.K, via Singapore.
OUR
IN PORT
6th Mar.
on or abt. 14th Mar.
H
24th. Mar.
31st Mar.
17th Apr.
H
20th Apr.
30th Agr.
6th May
"
SAILINGS
London, Antwerp, Rotterdam) Hamburg
Hull.
Londott,
Loading on er æbt.
21st Apr.
18th Mar.
Avonmbüth, Rotterdam,
28th Mar.
25th Apr.
Hamburg & Hun
Liverpool,
Dublin, Havralarand
Antwerp.
12th May
www. 4th Apr.
Via Malaya, Colombo, Aden, and Suez Canal.
Accepta Cargo for, Japan,
Aboepts Oktoo far Port:Budan,
(Accepta.Cargo for Rotterdam
Kerk Building,
3rd May
For Further Particstars, Apply To- LOXLEY & CO. (CHINA) LTD.
Agenti
Telephones /24185
THE EAST ASIATIC CO., LTD.
M.S. "MORELIA"
LOADING ABOUT 8th MARCH
for
ADEN, PORT BAID, GENOE, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG & COPENHAGEN
Tanks avaliable for the carringe of oil in bull THE EAST ASIATIC CO., LTD.
Queen's
Find abor.
·TO; 24115, & 34112,
KLAVENESS LINE
SAILINGS
Direct to Los Angeles, in 16 days Thance San Francisco, Vancouver, Seattle & Portland M.S. "CASTLEVILLE” M.S. “BOUGAINVILLE“
RIVALS FROM PACIFIC COAST
MOM.S. "BOUGAINVILLE“ claims against the M.S. "SUNNYVILLE"
steamer mu
the Undert
March 13,
|not be recOSTLÍNIC
elécted."
vedited to
Sailing
30th Mar.
(30th Apr.
*4th-Mar. #21st
nham.