Pogo 14 }
THE CHINA MAIL, WEDNESDAY, APRIL 5, 1950./.
ROYAL INTEROCEAN LINES
SINGAPORE, JAVA
PORTS and MACASSAR
"VAN HEUT8Z"*
"TJIBADANE"
#TJITJALENGKA”
• Only
ARRIVALS SAILINGS
In Port
7th Apr.
21st Apr.
S'pore, Penang & B. Deli
● MANILA, EAST &
SOUTH AFRICA & SOUTH AMERICA
*BOIBSEVAIN"
*STRAAT BOENDA”* "STRAAT MALAKKA” "TEGELBERG"
0th Apr.
13th Apr. 25th Apr.
10th Apr.
7th Apr.
6th Apr.
4th May
13th May
1st June
not calling Manlia
JAPAN
"B016BEVAIN"
9th Apr.
"STRAAT MALAKKA”
2nd May
"TEGELBERG"
31st May
0th Apr. 15th May
Agents: HOLLAND-EAST ASIA LINE
EUROPE via MANILA
and MALAYA
!
ARRIVALS SAILINGS
"HOOGKERK"
8th Apr.
"MEERKERK""
"RYNKERK"
10th April early May
2nd May early June
Through '89/L
to
Eure sean ports,
JAPAN
"HOOGKERK"
"MEERKERK”
"AYNKERK"
lasued
Mediterranean and Northern
*
6th Apr.
1st May
17th April
Early Juno
early May
| FEKING'S (BUILDINGÆTELEPHONES#(28015" TOE 28017,ERİ
PANDUSESE/AGENTSIZIZ, CONNAUGHT READY CUTELN SH6, "25 438)
AMERICAN PIONEER LINE
to and from
Atlantic Coost. Parts of
the United States and Far Eastern Ports
- NEW FAST CARGO SHIPS
ARRIVALS FROM ATLANTIC
Apr.10 May 2 .May 14
.Apr. 11
"PIONEER COVE" (via Yokohama, Takubar) May 3
"PIONEER SEA”
"PIONEER COVE"
"PIONEER MAIL"
SAILING TO MANILA
"PIONEER SEA"
"PIONEER MAIL" (via Yokohama)
..May 15
SAILINGS TO NEW YORK, BOSTON, BALTIMORE, PHILADELPHIA via ---JAPAN~& ̈ PANAMA ̃CANAL-
*"PIONEER LAKE"
"PIONEER WAVE"
"AMERICAN REPORTER”. In Port Sails Apr.
G
Arr. Apr. 10
"
Apr. 19
JI
Apr. 12 Apr. 21
*vin Taku Bar For rates, special information call
UNITED STATES LINES
Queen's Bldg.
COMPANY
Tel. 28196.
The above 1st Indiesim the principal Parts of loading and discharg
s presently intended, but not their rotation. For further informa-
sou schedule at the Company's Offen.
DE LA
RAMA LINES
| Sailing to New York, Baltimore, Philadelphia,
Via Japan and Pacific coast ports
M.V. "AGAMEMNON”
M.S. "DONA NATI”
23rd Apr.
.... 4th May
Arriving via Manila from
FU.S. ATLANTIC & PACIFIC COAST PORTS
M.S. "DONA ANICETA”
S.S. "TRAVANCORE”
due 3rd May
due 12th May
BUTTERFIELD & SWIRE
Agenta
1. Connaught Bond, C..
Tol. 30331/8
U.S. ORIENT MERCHANT LINE.
ARRIVALS
CHIP
FROM
EAST, COAST/USA.
OROL":
FINANCE
AND COMMERCE
APPEAL TO AMERICA FOR TRADE BALANCE
Hong Kong Stock Exchange
There was not quite so much) activity as on Monday.
H.K, GOVT. ĮLOAND
4 Loan Dun.
31% Loan (1954 & 1940) Bb. 31% Loan (1948) 97.
BANKS
H.K. & S. Bank 1345b, 1350s. (Lon. Rel) £8in. Chartered Bank 19 0/18n. Merchantile Bk. A. & 3. £22in. Bank of East Asia 104b.
INSURANCES
Canton Ins, 31514.
Union Ins. Guob, 590s, 50sa, China Underwriters on, H.K. Fire Ins. 2059.
SHIPPING
Douglases 2001.
H.K. & M. Steamboats In. Indo Chinos (Pref.) 891n. (Def.) 2005.
Shells (Benrer) 03/0n. U. Waterboats 258. Asia Nav. 3an.
DOCKS, WHARVES, GODOWNS, ETC. H.K. & K. Wharves $35. North Point Whorves 5.60b,
Shanghai Hongkew Wharves 16n.
IK. Docks 170, 171sa. Chinn Providents Ex. Dlv. [101b,
105,
Shanghai Dockyards 4an. Wheelocks 28s.
MINING
Raub Mines in.
H.K. Mines .01ān,
LANDS, HOTELS & BLDG8.
H. & S. Hotels Usa.
HK Lands 4in. -
Shanghai Lands 1.00s.
Humphreys in.
HK. Realtles 2n. Chinese' Estates 124h.
է
PUBLIC UTILITIES H.K. Tramways 12.8ub, 13.20,
Lasa
Peak Trans (Old) 173b. (New) 9an.
Star Ferries 839.
C. Lights (OM) 11.20b, 1148. (New) 8.10b.
HI.K. Electrics 208s. Macao Electrics 200. Sandakan Lights Bin. Telephones 15.801, 188. Shanghai Gas 1in,
INDUSTRIALD Cald. Mang. (ürd.) 28n. Canton lees 3in.
Cements Ex. Rights 11.20b, 11.00s,
11.40sa.
H.K. Ropes 14n,
STORES dc.
Dairy Farms 3919.
Watsons Ex. Rights 27b, 28s. L. Crawfords 214b. Sinceres 3.80b.
-China-Emporium-0b.-
Sun Co., Ltd. 21b. Kwong Sang Hong 97b. Wing On (LK.) F2b. Wm. Powell, Ltd. 94.
MISCELLANEOUS
China Entertainments 15s. 1.K. Constructions (0) 2.400.
**'" (N) 1.duti.
Vibro Filings 113n.
Maranan, Investments P/-n. Marsman,. (H.K.) 75n, Shanghai Loun 1.30. Yangtszes 49.
COTTONS
Ewas 2,70b, 38, 2,80na.
RUBBER, etc. COMPANIES. Alma Estates 15in.
Anglo-Dutch 36.
Anglo-Javas in.
Batu Anuins 16p, Bule Plantations ‹,60n. Chemor United .55aa. Chieng Rubbers .15m. Consolidated Rubbers 2b. Dominian Rubbers 1.30n. Kota Bahoe .30n. Kroewock Javas .156, Langkats in,
Repah Kubbers .20n. Rubber Trusts 38, 2ion. Samagaga Rubbers .656. Serumbu Rubbers 201, Shanghai Kedahs 4b. Shanghai-Malaya 10.-n. Shanghi Palang
.63b, .75sa. Shanghal Sumatras .don.
Manggis 100.. Sungel Durks 176. Tanah Meraho £3. Tebong Xubbers 15n. Ziongbo Rubbers 50n.
Sua
San Francisco, April 3. Ship arrival, President Plerco from Otaru, Departure on April
2. Salatign for Manila.
Seattle, Ship departures, Oregon for Keelung, Arizona for Manila. -Associated Press.
Washington, April 3.
The Socrotary of State, Mr. Dean Acheson; today appealed to the United States to balance its trado with Europe and the world. Addressing an Economic Co-Operation Adminis- tration staff meeting to mark the mid-point of the Marshall Plan, he said, "We recognise that trade is a two-way street, for us as well as for them, and that we bear a large respon- sibility for achieving a satisfactory balancing of our trade with Europe and the world." Mr. Acheson's remarks come! --- within 24 hours after President Truman had directed Mr. Gor- don Gray, retiring Secretary of the Army, to draw up u plan to help foreign countries And dollars to pay for Amer- ican goods when the Marshall Plan ends in 1952.
CHINA REDUCES LOAN INTEREST
San Francisco, April 3. People borrowing
money from banka in Communist
With the revival of production in Western Europe, Mr. Acheson China have now to pay less said, recovery in trade had now interest than before, Peking become the second great objec-Radlo said tonight in report- tive to which the Marshall Plan Ing what it called striking re- must be addressed in its remain ductions in interest rates. ing two years.
The recovery of trade, how- ever, is largely an international problem, requiring a high degree fof co-operative give and take and difficult, even painful, ad- Justments," he said.
"We are aware that it la dif- fleult for the Governments of the participating countries, faced with large needs and inadequate reserves, to risk in practise what their
self-interest com- monds,"
own
No relaxing Mr. Acheson warned against #relaxation of affort, both In 'the United States and
Western Europe; If the scono. mic recovery sought under the Marsha Plan
to was
In
ba
achieved. He expressed confidence that with perserverance the partici- paling nations, would succeed in re-asserting the vigour of free Institutions.
.
Despite efforts of the Commu- nists to undermine the Marshall Plan, he said, it lights a path to In future to which man can look
with confidence for
peace and order In a system based freedom and justice,
He expressed regret that it had not proved possible for all the peoples of Europe, including those behind the Iron Curtain, in the Marshall to join hands Plan-Reuter.
It reported that the Peking branch of the People's Banks of China had announced a 50 per cent drop in loan interest charges as well as a 45 per cent decrease In deposit interest-both reduc» tions being effective as from April
Rates also fell during March in
Hankow by 20 per cent, in Shang- hai and Tsinan by 50 per cent and in Tientsin by 00 per cent.
"The high Interest rates that: prevailed in the past were a hind-
productive rance to.
enterprise. A reduction of interest rates will provide useful outlets for deposits and will play an important part in encouraging Investment in in dustry and agriculture," Peking Radio sald.-Reuter.
TEA FOR UK
London, April 3. Britain hopes 10 buy much tea from India, Pakistan and Ceylon this year as she did Evans, Food last, Mr. Stanley Ministry Under-Secretary, Parliament today.
Negotiations are still going on with the Governments. concerned, he added.
told
Last year Britain contracted to buy 454,000,000 lbs.
A Labour Member, Mr. Thomas Reid, asked if the Minister had tried to get tea from Indonesia at a moderate price.
Mr. Evans replied that ne hoped to get small quantity this year. Reuter.
Money Market NOTICE TO CONSIGNEES
US
dollars were slightly weaker yesterday, opening at HK$0.241⁄2 and closing at $0.23%. The highest rate was $0.24, and the closing rate was the lowest.
TT opened at HK30.30% and dropped to $8.28% at the close.
Sterling opened at HK$15.35 and closed at $15,30.
Australian" pounda tionary at HK$12,80.
Plastres
were sta-
were unchanged at
HK$11 a 100.
Ticals at HK$27 a 100 were the same as on the previous day.
NEI Guilders dropped 30 cents to HK$6.50 a 100,
LONDON STOCKS
Consignees per
8.5. "BENVANNOCH"
are hereby notified" that their cargo is being discharged into the Hong Kong & Kowloon Whart & Godown Co's godown where it will be at consignees" risk and subject to the Wharf's terms and conditious of storage and where delivery may be obtained.
Damaged packages are to be left in the godowns for ex- amination by Consignees and the Company's surveyors, Musts, Carmichael & Clarke at 10 am on April 6, 1950. London, April 3. To comply with the General Gilt-edged securities and in- Bonded Warehouse Regulations. dustrials showed little activity on consignees must have a Re the London Stock Exchange to- venue Officer In attendance day, while many foreign bonds moved lower. There was a de- when damaged dutiable goods cline in Japanese bonds, 1930 are examined. issues closing at 38-3/4, down No claims will be admitted onc, 1007 issues were down 3/4 after the goods have left the at 43-1/2 and 1910 issues were steamer's godowns, and all down one to 32-1/2.
New York Stock Exchange
New York, April 3. Rallroad shares stepped out with unexpected vigour today in the stock market and touched off a wave of general buying en- of thusiasm. Rails modo gains fractions to
three more than points while the rest of the mar- ket scored advances ranging from fractions to more than a point.
Activity of rails
bean watched closely in wall Street for several days because market analysts felt the advance of in- dustrials needed a corresponding advance in the rail division as S bullsh
were signal. Transfera 1,370,000 shares. A total of 621 Issues advanced and 238 declined. Among the guiners were Benta Fu, Nickol Plato, Consolidated Vultee, Vanadium, Superior Oil of Californin, American Radiator, Lockheed, Texas Company.
Dow Jones averages: Stocks 73,22; 20 Industrials 208.14; 15 Rails 60,42; 10 Utilitics 42.82.
Closing prices Adams Express 22 American Can
M
"
Aniconda
115% Smelting 81% Telephone 155
Tobacco 71% Waterworks 11% Copper 2014
7%
Aviation Corp. Baldwin Locomotiva 10% Barnsdall 61%
Bonin
Dendix Aviation 41% Bethlehem Steeel 34
Aircraft
27 BordenPacine 143⁄4
Co. 50%
Canadian
J. T. Case 424 Chrysler 60
Colgate 43
Commercial Solvent 16% Corn Products 80% Du Pont 09
Eastman Kodak 40% General Electric 40%4
Motors 78%
Goodrich 83%
Goodyear 51%
Homestake Mining 43
International Harvester 20
1
Paper 38% Tel & Tel 131⁄2
Johns Manville 481⁄2 Kennecott Copper
49 Montgomery Ward 58% National Distillers 28%
Lead 39%
•
New York Central 14% Packard Motors 3% Pan American Airways 9 Pennsylvania BR 17% Radio Corp. 18% Remington Rand 12% Republic Steel 20% Reynolda Tobacco 38% Schenley 30%
Sears Roebuck 44 Shell Oil 381 Socony Vacuum 17 Southern Pacific 53%. Standard Brands 23%
Oil of Calit. 051⁄2 Oll of N. J. 89% Studebaker 30% Union Bag-28
Carbide 44% US Rubber 41%
Steel 31% Lines 16% Westinghouse 33% Youngstown Sheet & Tube 81 Gen. Pub. Utilities 16% Bonds were generally high. Among the Curb gainers were Technicolor, Cities Sevice and Canadian Marconi, - Associated Press.
NOTICE TO CONSIGNEES
CONSIGNEES PER AUSTRALIA-WEST PACIFIC LINE
m.s. "AROS"
goods remaining undelivered are hereby notified that their Most industrials were unchang-after April 8, 1950, will be cargo is being discharged into ed.
Financial Times' index 105.4
Associated Press.
NY RUBBER
New York, April 8. Crude rubber number one futures closed changed to 25 higher Sales 60 contracts.
Moy
21.00. 19.90. 19.40,
September
17 December 10.70' bid.
Spot number one ribbod smoked
the Hong Kong & Kowloon subject to rent.
Wharf & Godown Co's godown All claims against the where it will be at consignees steamer must be presented to, risk and subject to the Whatt's the Undersigned on or before terms and conditions of storage, April 22nd, 1950, or they will and where delivery may be not be recognised.
-
offected.
W. R. LOXLEY & CO. (CHINA), LTD.,
obtained
DX-
No Fire Insurance will be Damaged packages are to be
loft in the godowns for amination by Consignees and the Company's surveyors, Mesura, Carmichael & Clarke at 10 am on April 6, 1950,
To comply with the General
Agents.
sheets 20-3/4 nominal-Associat-Hong Kong, April 3, 1950.
od Press.
Pacific Far East Live, Inc.
DIRECT
Fast Regular Trans-Pacific Servico
OVERLAND
YORK-OTICAGO-DETROPY TORONTO
BAN FRANCISCO, LOS ANGELAN · MONITHAL, AND ALL AMERICAN ALCANADIAN, CITIRA,
"MATHEW LUCKENBACH”.
DUE
EXPUBLIC"
18th Apr
-FXCIFIC DKAR”
8th May
10th May
ÁUSEA LUCKENBACH”.
W. R. LOXLEY & CO. (CHINA) LTD.
#York:Buildingi
Tel. 36185
Dombey'd
·Bingsbord
Bonded Warehouse Regula Bors, consignees must have a
AMERICAN PRESIDENT LINES
The Global Fleet
TO HONOLULU & SAN FRANCISCO via JAPAN
"President Cleveland” ........Arr. Apr. 13 "General Gordon" "President Wilson"
Arr. Apr. 28 ...Arr. May 2
Sails Apr. 14 Sails Apr. 20, Enlle May 3
ANGELES
TO SAN FRANCISCO & LOS
via JAPAN .......Arr. Apr. 13 Salls Apr. 13 ..Arr. Apr. 25 Salts Apr, 20
"President McKinley" "President Taft"
TO NEW YORK, BALTIMORE & BOSTON via PACIFIC. COAST & PANAMA
"President Jahtisan”..........Arr. Apr. - 20 "President Fillmore"........Arr. May 13
ROUND THE WORLD
*President Monroe" "President Buchanan"
Sails Apr. 20 Sails May 14
1
VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON Arr. Apr. 7 Salls. Apr. 8 ..................... Arr. Apr. 10 Salls Apr. 18 TO JAVA & STRAITS "Fresident Fillmore"........Arr. Apr. B St. George's Bldg.
Sails Apr.
Tel. 28172/5.
BEN LINE
ARRIVALS
FROM
SHIP
U.K. via Bingapore.
"BENLAWERS"
"SENVANNOGH
"BENATTOW
"DENNEVI8"
"BENCRUACHAN”
{"BENWYVI6"
"BENCLEUCH"
"BENVORLICH"
"BENARTY”
"BENMACDHUI" "BENALDER"
SAILINGS
"BENATTOW" "BENCLEUCH" "BENMACDHUI"
"DENNEVIS"
"BENVANNOCH" “BENWYVIS"
"BENARTY"
“BENLAWERS"
"BENCRUACHAN"
"BENVORLICH"
"BENALDER”.
QUE
IN RORT In Port.
18th Apr.
on or abt. 27th Apr.
London, Antwerp,
Rotterdam,
& Hull,
Hamburg
Genos, Liverpool, Avon. mouth, Le Havre, & Hamburg.
Genox, Avonmouth, London, Rotterdam, Hemburg & Hull,
Liverpool,
Dublin,
Glasgow, Havre, Ant-
worp & Rotterdam.
1
80th Apr.
9th May
11th May
27th May
H
6th June
11th June
26th June
Loading on or abl.
20th Apr..
15th May
18th June
30th Apr
K/Whart 12th May 10th June
Buoy A9
Brd May 10th May 29th June...
Vla`Malaya, Colombo, Port Sudan, Aden, and Buez Canal,"
† Accepts Cargo for Japaḥ,
For Further Particulars, Apply To...--
W. R. LOXLEY & CO. (CHINA), LTD.
York Bullding.
·Agents ::
Telephone: 34165.
THE EAST ASIATIC CO., LTD.
M.S. "SELANDIA”
Loading about 8th April
M.S. "NORDPOL"
Loading about 12th April
for
ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBUBG & COPENHAGEN THE EAST ASIATIC CO., LTD.
Queen's Bldg., Zad floor,
Tel. 34111 & 34112
Revenue Officer in attendance WEEKLY CHINA MAILA
when damaged dutlable goods are examined.
No cialis will be admitted after, the goods have left, the steamer's godowns, and all goods remaining - undelivered after. April 7, 1980, 2 will ba subject to rent
Brainst the steamer must be presented to Atha: Undersigned on or before
April
they will (not); ba
CONTAINING ALL THE LOCAL NEWS
OF THE WEEK FROM THE "CHINA MAIL" & "SUNDAY HERALD"
Price 50 Cents
sube will be
ON SALK
THURSDAY,