THE-CHINA-MAIL, PŘIDAY, MARCH 17, -1050.
ROYAI
ENTAROELAN LINES
"ARRIVALS SAILINGS
In Port
20th Mar
8th Apr.
19th Mar,
25th Mar,
10th Apr.
SINGAPORE, JAVA
PORTS and
~~~MACASSAR
"VAN HEUTAZ">
"TJIBAQANG"
#TJITJALENGKA"
* Only
to -Gingapore,
Penang & Belawan De}L
@ MANILA, EAST & SOUTH AFRICA & SOUTH AMERICA
"DOISGEVAIN"
"STRAAT BOENDA” "STRAAT MALAKKA" "TEGELBERG"
JAPAN
24th Mar.
13th Apr.
10th Apr.
"BERLAGE"
4th May
13th May
fat Juna
23rd Mar.
20th Mar.
9th Apr.
28th Mar.
17th Apr.
2nd May
17th May
31st May
18th May
"COISSEVAIN"
"STRAAT BOENDA"
"STRAAT MALAKKA”
"TEGELBERG"
Agents:
HOLLAND-EAST ASIA EINE
• EUROPE vio MANILA ·
and MALAYA
"HOOGKERK"
- "MEERKEAK"
ARRIVALS SAILINGS
early April
3fxt Mar. early May
Through Ba/L Issued to
Mediterranean and Northern
European ports.
JAPAN
"HOOGKERK"
"MEERKERK"
30th Mar. early May
Darly April
REKINGS, BUR.DING, TELLPHONES: =28015 TO=280178
- FRISESE;- AÖLNAŠŲ, BE. PONNAUGHT HOAD, GËTTEN: JUNY 203:
DE
LA RAMA LINES
Sailing to New York, Baltimora, Philadelphia,
Via Japan and Pacific coast ports
M.V. "AJAX”
M.V. "AGAMEMNON”
Arriving via Manila from
20th Mor..
.23rd Apr.
U.S. ATLANTIC & PACIFIC COAST PORTS.
M.S. "DONA NATI”
M.V. "BENGAL"
M.S. "DONA ANICETA”
Agents
dub 26th Mar.
duo 12th Apr.
due 30th Apr.
BUTTERFIELD & SWIRE
1, Connaught Road, C.
Tel. 30331/8
U.S. ORIENT MERCHANT LINE..
SHIP
BK "NORLAGO"
... "ANNITBA"
BR "VASSILIB"
ARRIVALS
FROM
GALVESTON,
EAST COAST/U.S.A. ·
www.tom
DUB
Discharging @ Blonecutters,
Abt. -28th Mar.
9th Apr.
W, R. LOXLEY & CO., (CHINA) LTD.
York Building,
1.
Peninsular
AGENTS.
& QUIS TOS S
Tel. 34105
FINANCE AND
COMMERCE
BRITISH STAND ON PAYMENTS SYSTEM
Hong Kong Stock Exchange
There is no change to report
H.K. GOVT. LOANS
44 Lenzen.
17256 boom (IDA & (940) orbe i Slyp Dual-(IDIN) PRIS,
BANKS
K., Bank - 14250.
(Len, Heg.) ERAN, I Chartered Skutk Ex.Div. £9 11/12a. Mercantile Bank A. & 11, £24% Bank of East Axis 103.
INSURANCES
Canton Ina, Rin. Inlay 1,607,
Chic Underwriters do, ILKÜFire In, Kalle. 250m
SHIPPING
H.K. & M. Steamboats In. Jade Chlam (Pre) #9% 15.
(Def.) 200m.
Shell Bearer) G1/45n,
Union Waterboals 205.
Ante Nav, bb,
DOCKS, WHARVEḤ, GODOWNS, Ele.
K&K, Wharves 105b.
North Point Wharvem D, E, Hangul Hongkew Wharves, itn. - I.K. B SP.GG
Chien Providente 12.10ki, Shanghai Dockyarda iza. Wheelocke Chu.
Itaub Mines Bl
MINING
.k. M 91.
LANDS, HOTELS & NIJGS
st. & Estela 1.400.
H.K. La Ex.Div. 45.00n. Shanghal Lands In
'Humphreys' Ex-Div, 18.
.. Beniles 2n,
Chline Kastra 1500,
"PUBLIC UTILITIES 3.K. Tramwaya 14.701, 14.80/+90«m Posk "Tramo (Old) 380.
News n.
Star Ferries Ex.Div, 835,
C. Lights (Ol) 1154, 1995/0
(New) 8.60b, 82/.60sa,
H.K. Electefes Ex.Div, 24Kb, 27m. Meu lertelen 20.
Baúdolom Lights 82ine Telephones 16%%%, 167%/%40. Shambad Gu<« En.
INDUSTRIALS
Vald "Moext. (D) 25. Baudon Tee N. Cements Ex Rights 12n. I.K. Ropes Ex.Div. 1ên,
STORES, Ele.
405m.
Dairy Farma
Watsons ExDịv., C.R!«. 10. 4. Crawford
Sincerca 4.8 D.
Chirm Bisporlum Ex.biv, 9,406)
Sun Co., 15, Rim.
Kwik Song Hong 346,
Wine (LR) 621,
Wm. Powell. Fad, $20.
MISCELLANEOUS
Chine Entertainments 3740. R.K. Constructions (08) 2.400.
(New) 1.30.
Vibro Piling 12
Harman Investmente 0/n, Karenka (HK) Vân, Shanghai Lown 1.500. Yangtzes on,
Ewen 36. Sun,
COTTONS
RUBBER, ie, COMPANIES Alma Fatosten 16b. Anglo-Dutch_506, Air) »aves”İm. Hatu Aunman. Platte
sinions 55a. Cheer United 201
Chrup Rubber 01.
Commolliated Rubbers th, 2,10km. Bonnion Rubbers in. Jaupkata in.
Ilepah bera kūm.
Rubber Trusts 284b, 2ána. Samex Rubbers th Bemamba. Itabbers 104. Bhanghal. Kedabu, 48, Hhanghai-Mainys 10. Shanghai Pahang 50. Kihanghal Hometras p. Hem Mangels 10b. Hangel Duris 14. Tanah Merah B. Tebing Rabbers 36h, Zaagbe Rubbers Da
Money Market
London, March 15. ·
A Treasury official tonight described as nonsense,' reports from Washington that Britain had asked, the United States to guarantee her against gold and dollar losses resulting from, British participation in the projected European Payments Union.
It is well known that Britain wants to delay the time and reduce the amount of gold and dollar settlements under the scheme. But this could hardly be described as asking for an American guarantee.
Since Britain has achieved!- an overall export surplus 'with the world as whole and
particularly with the contin-
ental countries, of the Organisa- tion for European Economic Co-Operation which would be.
in the European Payments Union 'she stands to gain from the Union more than the $150,- -000,000~~which would be do- ducted from her share of Mar- shull. Ald to form the reserve fund of the Union. Certainly, she should not gain less from it.
A Paris report that Britain's accession to the Linton night cause another devaluation of Sterling is described by some London bankers as rubbish.. At Sterling's present devalued rate, they point out, Britale the cheapest supplier of many "x7 ports, including the vitally im- portant steel,
Britain to ease up on oil cuts
Washington, March 15.. Britain has agreed-to-sssO. up on her plan to cut dras- tically dollar ol Imports, to the Starling Area, Mr. Tom Connally, Senator and Chair- man of the Senate Foreign Relations Committee, said to- day.
Benator Connally sald that ECA officials told him that the British Government have modifed their stand.-Reuter,
Ship movements
There is ample evidence that{ Sterling is putting pressure en SS. President Monroe Voy-24 many countries. Some of them (American President Lines) who thought they had sterling to solled from San Francisco отд burn have, instead, found them- March 11 for Hong Kong via selves running short of it.
Honolulu, Yokohama, Kobe and Washington reports that Europe Hong Kong on April 5 and sail
Takao, and is due to arrive might have to form a
discrimina- tory bloe against American trade on April 7 for Manila, Singapor are also regarded as out of taste, bay, Karachi Suez, Port Said, Penang, Colombo, Cochin, Bom- It can be demonstrated from Alexandria. trade and Marshell statistics that the world's dollar gap is closing From the beginning of the year the world has certainly had a surplus of dollars. This is self- evident.
Brian's gold and dollar reserves have continued to rise strongly.
U.S. opinion
somewhat
Genoa, Leghorn, New York and Naples. Marseille, Boston.
The
ss. Ploncer Lake Voy. 7-Out, is due to arrive have at noon today. She will be moored to Buoy A-1 for. discharg- Ing/loading of her cargo.
The vessel is expected to sail for Fusan/Manila tomorrow afternoon.
San Francisco, March. 15.
parture
Pacific
The reported British desire for a guarantee against Ipaseal in gold and 'dollars has led some United States officials in Wash- ington to regard unsympathetically, the British; Ship arrival, General Nelson attitude towards the Payments M. Walker from Okinaws. De Union.
Tuesday, on These omcials stress that the Transport for Manila-Associated ultimate goal must be the con- vertibility Into dollars of the currencies of Britain and the other Marshall Plan countries; They do not wish the Payments Union to be
used inercly
Incans of balancing off the cur- rent trade accounts of the Mar- shall Plan countries with dollars
supplied by the.
ECA.
The Union is being formeti by the United States Marshall Plan Artministration with a view to
Press.
WORLD RUBBER CONSUMPTION
New York Stock Exchange
New York, March 15. A surge of fresh buying powe:
gave the stock market its, shar
peat gain in nearly two years to- Jay. Market value of all stedi
leeks jumped by around one bli-
lon dollars.
More than 100 issues were.sold at new high prices for the year. The general level of prices climb.
ed to a mark not reached since August 1040. Key istuen stepped ahend by fractions to around twi points. Gains of a point or more were plentiful. Transfers, 1,030,- 000 shares.
Brokers epiled it an investment instead of a speculative market. A total of 761 stocks advanecd and 140 declined. Gainers includ- ed 'Ailled Chemical, U.S. Steel, U.S. Rubber, U.S. Gypsum, Gen- eral Motors, Chrysler and Douglas Aircrafts averages:
Stool 75.04; 20 Industrials 207.40; 15
30.05; 10 Ulllilles $3,47. Closing quotations:
Dow Jones
Raily
Adams Express 2111⁄2 Alaska Juneau 3 American Cua 115
Smelting 544 Telephone 150% Tobares 73 Waterworks 931
Anaconda Cepper 20 Aviation Corp. 7% Baldwin Locomotive 11% Barnsdall 50% Bendix Aviatio.1 42 Bethlehem Steel 34% Boeing Aircraft 28%
Berden Co. 51.
Canadian Pacifle 1434
J.
L Cafe 45
Chrysler 65%
Colgate 40%
Commercial Solvent-17%) Cora Products 69 Du Pont 63
Eastman Kodak 47 General Electric 40%
Motors 7834 Gacirich 83
Goodyear 50% Homestake Mining 445%) International Harvester 20
บ
Peper 38%
Tel & Tel 117 Johns Manville 49 Kennecott Copper 62 Moalgomery Ward 667% National Distillers 22% Lend
38
New York Central, 1316- Packard Motors 34
Pan American Airways 107 Pennsylvania RR 18
Radio Corp. 14% Real Silk 114
Remington Rond 143% Republic Steel 27
Reynolds Tobacco 394 Schenley 31
Sears Roebuck 44
Shell Oil 383% Socony Vacuum 17 Southern Pacifle 521⁄4
Standard Brands 23
+
AMERICANM: PRESIDENT LINES
The Global Ficet
TO HONOLULU & SAN FRANCISCO
"General Gorden" "President Cleveland”
"President Wilson"
via JAPAN
Art. Mar. 18 . Arr. Apr. 14 ........ Arr. May - 3*
TO SAN FRANCISCO & LOS
"President Harrison" "President McKinley"
vio JAPAN
Z
Sails, Mar. 18 Sails Apr. 15 Sails May ANGELES
,1
1.Arr. Apr. 4
Sails, Apr. ...Arr. Apr. 13 Salls Apr. 13
TO NEW YORK, BALTIMORE & BOSTON via PACIFIC COAST & PANAMA
"Marino Snapper"
Arr. Mar. 19 "Président Johnson" ......................... Arr. Apr. 15
ROUND THE WORLD
Salls Mat. 20 Salls Apr. 1
VIA MANILA, SINGAPORE, COLOMBO, COCHIN, - BOMBAY, KARACHII, SUEZ, TORT SAID, ALEXANDRIA NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON "Mount Mansfield"
.......Art. Mar, 20 Salls Mar. 21 "President Monroe" ...................... Arr: Apr,
TO JAVA & STRAITS
"Fresident Fillmore".
'St. George's Bldg.
Arr. Apr. 8
Sails Apr.
Sails Apr. Tel. 28172/5
BEND LINE
SHIP
"DENVENUE"
"BENVANNOCH"
"BENLAWERS"
"BENATTOW" "BENNEVIS" "BENCRUACHAN”
"DENWYVIS"
"BENVENUE". "BENNATOW"
+"SENVANNOCH". "BENNEVIS".: [::†“BEŃWYVIB"
{"DENLAWERS"
"DENCRUACHAN"
FAR EAST
ARRIVALS
FROM U.K. vla 6ìngupare,
OVE IN PORT
an or abt. 24th Mar,
SAILINGS
London, Antwerp, Rotterdam, Hamburg
& Hull,
31 Mar.
17th Apr.
20th Apr.
30th Apt.
9th May
Laiding on or abi
19th Mar.
21st Apr.
Avonmouth,
28th Mar.
Rotterdam,
25th Apr.
Hamburg & Hull,
12th May
Dublin, Havre and Antwerp.
4th: Apr.
3rd May
Genoa, Londen,
Liverpool, Glasgow,
Via Malaya, Colombe, Aden, and Suez Canal.
t Accepts Cargo for Port Budan.
(Accepts Cargo for Hotterdam
For Further Particulars, Apply To
W. R. LOXLEY & CO. (CHINA) LTD.
Oll of Calif. 64%
York Building,
Oll of N. J. 0834
of
Union
28% BRE Carbido 43%
natural
Washington, March 13. World new rubber consumption in January was 105,000 tona, the Commerce Department sald, which, 127.500 tons was and 37,300 tons synthetic rubber. encouraging the greater economie January production was 160,000 integration of Europe and a solutons, of which 127,500 tons was tion of inter-European payment natural and 32,500 tons synthetic difficulties
rubber.
The
total 'reflects lowered
Some Amerlenn omelets are erltient of Britain's lateral
methods and interpret January shipments from Indo trading the recent British memorandum nesta, totaling 17,050 tons com- as an indication of Britain's un-pared with 28,437, ions in Decem willingness to fake the risks in-ber, the Department Balil. Asso-
clated Press, volved in the roultilateral trading Implicit in
in the European Pay- ments Union.
But opinions differ on whether the building of
up a single Euro- pean trading system will prove to bo a step towards or a step away from dollar convertibility.
The question is asked whether
NOTICE TO CONSIGNEES
m.v. "MANGARELLA” Having arrived Hong Kong consignees of cargo are hereby notified that all goods have
Studebaker 20%-
US Rubber 43% Steel 32
11 Lines 10 Westinghouse 34%
Youngstown Sheet & Tube D1% Gen. Pub, Ulles 17%
Higher in the Curb were New
Jersey Zine. Barium Steel, Ray- theon Manufacturing, Continental Foundry and American Marqcui- bo. Rallway issues
attracted moderate support in the bond imprket,———Arsɔciated Preis.
NOTICE TO CONSIGNÉES
*-~-~M/V-"LISHÓLT”
Having arrived Hongkong
the economic unification of US dollars climbed back yes- Europe might end by becoming a Lerday to HK$6.30 after opening unincation against trade with the been landed and placed at consignees of cargo are hereby at $6.37. These were the highest United States, because of their their risk and expense into the notified that all goods have and Inwest rates of the day. united desire to savé
TT opened, at HK$0.40 and clos-1
dollars i godowns of the China Pro-been landed and placed at their ed at $0.402.
vident I. & M. Ltd. where de- risk and expense into the, go- livery may be obtained as soon downs, of the Hong Kong & as the goods are landed.
Kowloon Wharf & Godown Co., Ltd, where delivery may be obtained as soon as the goods are landed...
& Oriental 13.
·STEAM NAVIGATION COMPANY
SAILS:
R.M.S.
CANTON"
· NOTICE TO PASSENGERS
BAGGAGE:
SATURDAY, the 18th MARCH at 4 P.M. for the United Kingdom via Straits Colombo, Bombay, Aden and Port Said. ALL, passengers baggage must be went lo the Hongkong & Kowloon Wharf Co's Gb- down at No. 2.Gate, Canton Road Entrance by NOON on FRIDAY, the 17th MARCH, SPECIAL NOTE: With the exception of hand packages cor
ried by passengers themselves all „BAGOĀGË; must pass through the Whart Co.'s Godown for loading on board by ship's allugs only.
EMBARKATION Will take place betwoon 1:30 PM, “nhd. 9.30 P.Mon - SATURDAY, the 18th MARCIL
ACKINNON MACKENZIE & CO.
Sterling was stationary at JIKS 13.45, as also were Australian pounds at HK$13.30.
Plastres were unchanged at HK$12.50 a 100...
Ticals were also junchanged at AXS28.30 à 100.
NEI Guilders climbed back to HK$22.50 a 100, after Wednesday' 20-cent drop.
LONDON STOCKS
Reuter,
POPULATION OF SINGAPORE
Singapore, March 15. Singapore's population Is In- creasing, by leaps and bounds.
cording to offels? figures.
Then
No claims will be admitted after the goods, have left the godowns or failure to attend the survey.
No claims will be admitted after the goods have left the the survey. godowns or failure to attend
There were four births to every aged goods are to be left in All broken, chafed and dam- death in Singapore last year, ac-
Last the godown where they will be year 46,169 babies were regis- examined in the presence of
All broken, chafed and dam tered, and deaths totailed 11,621 Messrs. Goddard and Douglas aged goods are to be left in the London, March 15. in the same period,
on March 20, 1950, at 10 am examined in the presence of godown where they will be The start of the new semi-
and Chinese topped the birth monthly trading period brought death register with 36,322 births
few changes to stock market and 8.740. deaths.
To comply with the Generni Messrs. Goddard and Douglas stocks were firmer and elated Press, quotations today. Gul-edged Malays, Indians, Eurasions and tions, consignees must have a
como Bonded Warehouse, Regula- on March 21, 1950, at 10 n.m. ktoel Europeans, in that orders Revenue Officer in attendance shares went ahead on
To comply with the General strength of favourable yearly. paris by several companies,
when examining damaged duti- Bonded Warehouse Regulations, able, goods. All claims against consignee must have a Re- the vessel must be presented venue. Officer, in attendance. | to Undersigned within when examining damaged duti- NOTICE TO CONSIGNÉES fourth days the usable goods, all claims against darrival, or they will not be the vessel must be presented to Consignees per m.8. "SO recognised.
the undersigned within four COTRA" arrived 14th March.
toen days of the ship's arrival, 1950, are hereby notified that No fire Insurance will be or they will not be recognized. all broken, chafed and dáming, effected.
Many foreign bonda showed fractional guins while industrial shares had: irregular movements. Financial Times' index 1040. Associated Press:
NY RUBBER
New York, March 15.
AMENDED
Crude rubber number one ed packages will be examined futures closed today.2617 to: 34 by Messrn. Goddard & Dour higher. Sales were 100 contracts: las in the presence of gon-,
**19.30 ** 30, nigneod - at 10 am, on the 20th 18.00 bid. March, 1955, 3 and not 19th 1870 March af preylously advertis and ribbed ed.
May: July. Beptember
number
"Associated, Pross:
COA
No fire Insurance will be l'élected,
WALLEM & CO.
@Agents)
Telephone 34177-9;
March 15, 1950k
Agents
Telephone: 34105.
THE EAST ASIATIC CO., LTD.
M.S. "KVERNAAS
LOADING ABOUT 30th MARCH
for
ADEN, "PORT'SAID, GENOA,
ANTWERP, ROTTERDAM, HAMBURG, OSLO GOTHENBURG & COPENHAGEN
Tanks pvaliable for the carriago of oil in bulk."
THE EAST ASIATIC CO, LTD. Queen's Bldg., 2nd floor.
Tol. 34111 & 34117
KLAVENESS LINE
SAILINGS
Direct to Los Angelor, in 16 days Thence San Francisco, Vancouver, Seattle & Portland M.S. "CASTLEVILLE” M.S. "BOUGAINVILLE”
(30th Mar.
30th Apr.
ARRIVALS FROM PACIFIC COAST^^ M.S. BOUGAINVILLE"
24th:Mör M.S.
21st SUNNYVILLE
Sailing to Singapore, Port Swettenham, Penang & Batavia,
M.S. "BOUGAINVILLE, "Passenger Accommodation
TO LOS ANGELES ONLY
Chinese
HOO FOOK.
25th
Bulk Oll Tanks
ICHINA
King'e Buliding. Tel: 0770Z THE BANKAINE