F THE CHINA MAIL, MONDAY, APRIL 24
"HUNAN"
BUTTERFIELD & SWIRE
CHINA NAVIGATION CO., LTD.
"SHANSI" "SOOCHOW" “'YUNNAN" "SZECHUEN"
"POYANG" "KWEIYANG”
"SZECHUEN" "KWEIYANG" "NANCHANG"
"POYANG"
"WUSUEH".
SAILINGS TO Tsingtao & Tientsin
Bangkok Keelung
Inchon & Puson Kaohsiung, Yoko: humu, Nagoya, Osaka. & Kube. Tientain
Singapore
5 p.m. 23rd Apr,"
5 p.m. 24th Apr.
5 pm. 26th Apr,*
5 p.m. 27th Apr,
5 p.m. 30th Apr.
5 p.m. 7th May"
3 p.m. 7th May
* Sails from Custodian Wharf.
ARRIVALS FROM.
Bangkok .....................
27th Apr.
Bangkok & Salgon 30th Apr./1st May
Tientsin, Korea &
Moji.
Tientsin & Tsingtao RIVER SERVICE Hongkong/Mueno Dept. Hongkong
2 p.m. dully except Wed, & Sun.
1st May 2nd May
Macao/Hongkong
Arr. Hongkung
7 a.m. Tuck., Wed, Fri & Sat.
5 p.m. Sunday
AUSTRALIAN ORIENTAL LINE LTD./CHINA
NAVIGATION CO., LTD, JOINT SERVICE
"CHANGTE"
"ANKING"
"CHANGTE"
"SINKIANG"
"CHANGTE"
"ANKING"
"CHANGTE"
"SINKIANG".
SAILINGS TO
Kures
- Sydney & Melbourne' ..Sydney & Melbourne
Japan
ARRIVALS FROM Sydney, Brisbane.
Osaka
27th Apr. 5th May 15th May
2nd Week May
Calrus & Manila
In Port
2nd May
12th May
2nd Week May
Japan
Australia
BLUE FUNNEL LINE
Scheduled Sallings to Europe via Adon & Port Said.
"ANTILOCHUS"
"AUTOLYCUS"
"CLYTONEUS"
"CLYTONEUS"
"MEMNON"
*TYNDAREUS” "ASTYANAX”
··
Genoa,
Marseillea,
Liverpool, &:
Glasgow
Casablanca & Liver-
punl
.Genon, Marseilles
Liverpool, Dublin & Glasgow ARRIVALS FROM UK. & Hotterdam
via Strails U.K. via Straits
& Philippines
U.K. via Straits
UK. via Straits
& Manila
FINANCE AND
COMMERCE
INFLATION NOT A DANGER IN BURMA
N.Y. Stock Exchange
New York, April.22. The stock market ran into trou- ble today after an opening rise failed to generate any
power, Toward the finish of the two- hour session initial advances of fractions to more than a point were trimmed or wiped out.
Business slowed after a rush during the first hour. Despite the slow-down, however, turnover Amounted to around 1,200,000 shares, an unusually large Agure for week-end session.
Profi-takers
tave Western Union a drubbing following a sharp rise on Thursday. Armour, the most active issue, displayed in- dependent strength on the nouncement of an increase in the output of Acth, one of the newest miracle drugs.
Dow Jones averages. Stocks
20 Industrials
16 Rails
10 Utilities
Adams Express 22 Alaska Juneau 3 American Can 119%
..
An-
Rangoon, April 22.
Japan's future trade
with Asia
forcepst
Burma has no need to fear inflation although a
Tokyo, April 23. now issue of Burmese notes totalling Rs. 80,
The United States Far East- 000,000 may enter the country within the
crn Economic Conference, next two years, business sources told the As-which ended in Tokyo today, sociated Press.
the "resurgence of This Rs. 80,000,000 represents the loan from the Asia's economic strength and stability in which A recon- Commonwealth countries of Britain, India, structed Japan must loom Pakistan, Ceylon and Australia which Burma large. recently accepted.
An official communique issued after the final session, declared It was wanted mainly to of supplies necessary to their that despite clonged Industrial balance a deficit budget and "wor effort:" They sald that
The sources said that with the
H
•
Although Far Eastern economic problems are admittedly complex. co-ordinated efforts by all coun tries concerned might soon well result in the resurgence of Asia's economic strength and stability."
The conference called for the
to allow the Burmese to con- Government inspectors are chee-and trading pattern, Japan's trade pected to increase rapidly with tinue their anti-rebel operating stocks of petroleum, kero with the rest of Asia must be ex- sene, arms and ammunition, jeep the growth of mutual confidence tions.
tyres and machine and motor
and solution of problems which Brst two budgets of independent parts in wholesalers' warehouses had arisen out of the wor Burma showing defielts, was against buyers' lists to prevent imperative for the 1950-51 budget stocks falling into unauthorised to at least balance to avoid the hands. total disintegration of
But, despite this brighter seene, Burmese there is still no likelihood of an economy.
The Commonwealth loan will immediate lowering of the high
cost of ilving." Burmese in not be paid to the toto. The contributions of cach
Knowledgeable sources say this country will be paid into a com-will remain until the mon pool, from which Burma will ment is able to open up surface relaxation of government controls draw in Burmese currency as the communication with the hinter- which are restricting Asian intra-
land.
regional and international trade, occasion demands.
The Government plans to res-"A much higher volume of trade than that of the present, time could tore rall and river communica- tlons between Rangoon and Man- be developed without too much will dalay, 500 millca away. this [Meulty." hold-month. To do this it must liqui- astride date Communist forces the
230 ralltrack at Pyinmana, milos to the North, and contrail- ing the communications centre of Prome, 100 miles to the North West.
75.00. 213.90.
The sources gave three reasons $5.53.
why there is little danger of in- 42.07. nation.
fasuo have the backing of sterling Ing.
Smelting 535% Telephone 1545%
J Tobacco 09
Waterworks 11% Copper 294 Aviation Corp.
Anaconda
Baldwin Locomotive 10% Barnsdall 51
834
25th Apr.
Bendix Aviation 411⁄2
7th May'
Boeing Aircraft 29%
Beinigem Steel 37%
Canadian Pacific
15%
25th May
Chrysler 67
Colgate 444
28th Apr.
Barden Co. 50%
Commercial Solvent 18%
Corn Products GY
72
Eastman Kodak
48
General Electrle 48
Motors 82
Goodrich 87%
Du Pont
3rd May 6th May
11th May
14th May
"PYRRHUS” "CALCHAS"
.U.K. via Straits ..U.K. via Straits ...
14th May
30th May
"MENESTHEUS“ ..U.K. via Straits &
Bangkok
DE LA RAMA LINES
Sailing to New York, Baltimore,. Philadelphin.
Via Japan and Paciße coast ports
"DONA.NATI”
Arriving via Manila from
U.S. Adantic & Pacific Coast Ports
"DONA ANICETA"
4th May
7th May
Carriers option to proceed via other ports to Fond & discharge cargo.
All the above subject to alteration without notice. For Passage and Freight particulars please apply to
1.CONNAUGHT ROAD, CENTRAL Tel. 30331/8 Private Exchange.
50 Connaught Ad. West. 25875. 32144, 24878. Chater Ad: Cable and Wireless Bldg. 27160
BRANCH OFFICES:
AMERICAN PIONEER LINE
to and from
Atlantic Coast Ports of
the United States and For Eastern Ports
NEW FAST CARGO SHIPS
ARRIVALS FROM ATLANTIC
"PIONEER COVE"
"PIONEER MAIL"
"PIONEER BAY""
May 4 May 17. .May 30
May 18
.May 31
SAILING TO MANILA PIONEER COVE" (via Yokohama, Takubar)May 5 PIONEER, MAIL" (via Yokohama) ... "PIONEER BAY" (via Yokohama, Fusan,'
Takubar)
N
SAILINGS TO NEW YORK, BOSTON, BALTIMORE, PHILADELPHIA via
JAPAN & PANAMA CANAL "
"PIONEER SEA” ! ** Arr. Apr. 27. Sails. Apr. 29 May 25 May; 30; June ES June 7. June 25%
June 28
"PIONEER COVE"?
“PIONEER MAIL"
"PIONEER BAY"
For rates, special information call
UNITED STATES LINES
Queen's Bldg. COMPANY
Cmnmrosently, Irlanded, but not, their ret alion, Par, Evershine," "lacion
Goodyear 62%
Homestake Mining 42
International Harvester 27
"
Paper 41
Tel & Tel 15% Johns Manvilic 47% Kennecott Copper 5334
Ward 55% Montgomery National Distillers 23%2
Lead 41/3
New York Central 144
Packard Motors 3
Pan American Airways 104 Pennsylvania BR 174
Radio Corp. 21%
Real Silk 12%
Remington
Kant 12% Steel 20 Reynolds Tobacco 379% Schenley 33% Sears Roebuck 44 Shell Oil 30% Socony Vacuum_171⁄4 Southern Pacile 53% Standard Brands 23%
Oll of Calif. 05 Oil of N. J. 71
Studebaker 321- Union Bag 20
Carbide 47
US Rubber 40% Steel 32
Lines 10%
.
Westinghouse 345%
A
Youngstown Sheet & Tube 82% Gen. Pub. Utilities 16%
1. The new note
2. The amount itsek is rela- tively small, offering no dificulty time in repayment within the Filmit of two years.
3. It is likely that the Burm- ese Government will not draw 80,000,000 upon the entire Rs. because economic conditions here have improved;
Reserves up
.
The sourcom anid that when Burma originally maked a toan, her sterling reserves amounted Since only Rs.20,000,000. then, they have increased, main- ly through rice exports, and at | present total Rs. 00,000,000.
to
Govern-
Import-licences
It must also deal effectively with other rebels in the country's
Asian exports
Aslan experts to Dountrier outside the region should be stepped up to help Asla'e in- come in convertible foreign ex- change. "The United Blates and other countries would welcome Asia's exports t far greater degree" the conference aug- gested.
| multi-coloured group dòminating
the Irrawaddy valley beyond The conference discussed
various programmer for th Prome..
Tho
povernmental deadline economic development of Easter dead heats with the breaking of and South East Asian countries
The the monsoons after which all the communique revealed. activity is bogged down for six included loans
Darsalready advance" months.
by such organisations as the The sources asserted that an-States and the need for further of the United Export-Import Bank of
only means for balancing the Government of licences for im-conte
United States and European coun:-
countries
With civil war disrupting the other factor in the best be the Anancial and technical aid. Th country, the loan presented the high prices is the issue by
conference pointed out that the new budget, sources said, quotingportation of foreign goods.
tries had They said that unless the Gov.
ready grunted Eastern Finance Minister U Tin's stale-
up its present and South East Asian ment that in spite of additionni ernment
both importer's loans and nid totalling between
dollars after the war.
Btatoa The United Bat
Was the greatest contributor although the United Kingdom halpad
taxation revenues are still down issuing system, will confive and six thousand militɔn J. S. |
The loan, plus major Govern- ment victorics against rebels, have brought renewed hope for tangled Burma. This fresh op- timistic outlook is reflected in all quarters.
usually optimistic Indian Cham- The not easily Impressed but ber of Commerce is, the first among the neutrals to this new confident spirit.
The Chamber's spokesman told the Associated Press that bright
express
and the
tinue to be inconvenienced.
According to the sources, the Government will issue Rs. 250,-* 800,000 worth of import. licences this year. The
with over £150,000,000, The first issue, due in is still pigeon-holed
Asian countries should en- with the Ministry of Commerce January
courage the flow of foreign capital the issuing authority.
by allowing the remittance of fair ent returns and guaran- Investiment that The sources complained present governmental dilatoriness teelrg against nationalisation or does not give importers time to expropriation of foreign Invest- negotiate the most advantageous ments without compensation.
The conference said it could not
prospects lie ahead for "Burma for prices. They must book business appraise the possibilities of trade
the first time since the country became independent in 1940,
has
He said that the defeat of the Karens al Toungoo not only ros- tored confidence-in-the-Govern ment, but also Increased chances of opening up quickly internal communications snarled since early 1949. ·
Nuisance value
blindly, and recover overcharging through the ropn in the street Associated Press.
PAKISTAN CUT IN DOLLAR IMPORTS
Karachi, Aprli 22.
It was officially announced to- night that Päklaton has agreed to reduce her dollar imports during
The spokesman admitted that the current fiscal year to 75 per Communist and associate robel, cent" of the figures of 1948 to bodies remain undefeated, but 1949.
thought that these do not offer
the same threat as did the Kar- Last year along with other
with China In view of the com- pletely new trade conditions created under the Communist re- gime. Reuter...............
NOTICE TO CONSIGNEES From PERSIAN GULF, KARACHI, BOMBAY, COLOMBO & STRAITS.
Consignees per ship m., “OZARDA”:
Some lower-priced railway lines chs. He asserted that the Com- Commonwealth countries Pakis- are hereby notified that their were marked down in the band munists and their satellites are tan cut down her dollar Imports cargo will be discharged into mainly of nuisance value and by 25 per cent Associated Press. the Hongkong & Kowloon market. Up in the curb were that this itself would be reduced American Republic, Barium Steel by the inter-factional war among and Claude Neon. Associated themselves in West Burma.
Business heads here report an all-round tightening up by the Government to starve the rebels
Press.
LONDON STOCKS
London, April 22, The budget contained nothing to exelle the stock exchange this were mostly
week and effects negative In nature.
The Market undertone
NOTICE TO CONSIGNEES
8.4. "VINGNES
NOTICE TO CONSIGNEES
CONSIGNEES PER
STATES STEANSHIP COMPANY
r
12. "MONTANA” are hereby notified that their
of
Wharf & Godown Co., Ltd., where it will He, at consignees" risk and expense and subject to terms and conditions storage of the Hongkong & Kowloon Wharf & Godown Co., Ltd. The cargo is expect ed to be ready for delivery from the Godown on and after' April 24, 1850.
Cargo la considered as being
по
mained firm in most sectiona Having arrived Hongkong cargo la being discharged into mainly because of reller at the consignees of cargo are hereby the Hong Kong & Kowloon accepted in good order and absence of any statutory limita- tion to dividends or increased notified that all goods have wharf & Goddwn Co's godown condition by consignees, unless been landed and placed at their where it will be at consignees broken, chafed and damaged profits tnx in the budget.
The outstanding feature of in- risk and expense into the go- risk and subject to the Wharf's packages are left in the Go dustrials was the strong Ameri- downs of China Provident I. terms and conditions of storage, down for subsequent examina- can demand for Electrical and M. Ltd. where delivery may and where delivery may be tion by Messrs. Goddard & Douglas in the presence of Musical Industries whose net rise be obtained as soon as the obtained. of nearly 6/- at 20/- made a big
Damaged packages are to be consignees, at 10 am.
April 28, 1950. -. contribution toward the 1.2 points goods are landed,
left in the godowns for ex- amination by Consignees and To comply with the General the Company surveyors, Bonded Warehouse Regulation, Messrs. Carmichael & Clarke consignees must have a Re- at 10 a.m. on
m. on April 27, 1950. venue Officer in attendence To comply with the General when duttable goodą › ́are Bonded Warehouse. Regula- lots, consignees must have a Revenue Officer in attendance when damaged dutiable goods are examined.
word
rise in the Financial Times In No claims will be admitted dustrial ordinary share Index. after the goods have left in
ruther Power shares hard
godowns or failure to attend by the disappointment that fir Stafford Cripps did not the survey. reduce the beer tax. Japanese All broken, chafed and dam bonds had a good week on re- newed peace treaty hopes aged goods are to be left in the Grains ranged up to £1-1/2. godown where they will be Rubber want quietly ahead on examined in the presence of United Messrs. Goddard and Douglas opumisia...
on April 24, 1950, at '10 năm,
increasing Press.
NOTICE TO CONSIGNEES B.S. "CHANGTE"
examined. ja
All damaged cargo claims against the steamer must be presented to the undersigned on or before May 15, 1950, or To comply with the General No claim will be admitted they will not be recognised.. Bonded Warehouse Regulations, after the goods have left the No fire Insurance will be consignee must have a Re steamer's godowns, and all affected. venue Officer in attendance goods renalaing undelivered sug when examining damaged duti-after April 28, 1950, will be No. claims will be admitted able goods All claims against subject to rent.
after the goods have been taken the vessel must be presentar, to
All claims against the delivery of ex ships side or al- the undersigned within four-
ternatively ex the Hongkong. teen days of the ship's arrival, steamer must be presented to & Kowloon, Wharf & Godown
the
Co.'s premises unless a joint. survey has – pravinialy. been effected
arrived 23.4.50,
Damaged cargo ex this vessel will be surveyed by Messre, Goddard & Douglas at Hong Kong & Kowloon Wharf from 10 am on the 20th and 27th April, 1980 and consignees re- presentatives are, requested to affectadestr be present during the survey,
DSWIRE,
or they will not be recognland.
No, fire insurance, wil
WALLEN'S CO
on or before
they will
MÄCKINNON MACKENZIE
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT BERVICE
LEAVES LONDON
OUTWARDS
La “CORPU❤
* "CANYON"
*. "CARTHAGE"
1 Balled
dih May 1st June
DUE HONGKONG
12th May: 5th June Bird July
Via Bouthampton, Part Ball, Aden, Bomber, Colombo, Penang á
+
Bingapors.
13th Ma
LEAVES HONGKONG
th June
7th July
HOMEWARDS
sa. "CORFU
* "CANTON*
13. "CARTHAGE"
■* *CORFU“
4th August
Eat Beptember
14. "CARTHAGE" -
Reth September
* "CANTON"
DUR LONDON
ICIA JUDO
10th July
·SIN AngUSE -
4th September
•Ind October
B0th October
Arempting Cargo for Alagapore, Penang. Colambù, Bombay, Adan,
Porta Baid a Loadon,
OUTWARDS
ma. "SOUDAN"
B. BULLONG"
HOMEWARDS
"BUILLONO" ,"SOUDANTM
FREIGHT SERVICE
-DUE HONGKONG 3rd May
FROM
Landon Continent,
FOR
Kobe 4 Yokohama.
LEAVES BONG KONG
32nd Apri
LOADS HONGKONG roz
11th May Elxt Maz
Losdon & Continent.
Acorpius Cargo for Bingapore, Fori Ewattenham, Penang, Colom ́ho, Aden. Port Hvid, Gance, Marseille, London, Hamburg, Ant- werp à Rotterdam, With liberty to call na Boukay if foduceesant offers.
TANKS AVAILABLE FOR CARRIAGE. OF OIL IN HULE SPACE FOR REFRIGERATED CARGO.. LIMITED PASSEN« OKS ACCOMMODATION,
BRITISH INDIA S.N. CO., LTD.
doe 16th Apr.
anila 28th Apr,
* "BIRDHANA”
*** "TAIREA”
due 17th May
.aalla Sain Hay
from Etraita,
for Japan. from Calcutta, Bangoon & Strate for Japan,
Calcutta via
• Ibme skipe bære Befrigerated Carge space.
P. & 0./B.1, JOINT SERVICE
ma "OZARDA
doe 24th Apr.
1.8. "PEMBA”
Batis 1st May due 21th Apr. salle 29th Apr.
13
from Parolan Gulf, Bombay & Straits,
for Japan. from Japan
for Biretta. Colombo. Bumbay, Karachi Persian Gulf.
* Accepts cargo on through Bills of Lading for Persian Gulf Forts
EASTERN & AUSTRALIAN S.S. CO., LTD.
1.2. "EASTERN"
due Mid May
from New Zealand Australia..
All vemela Dave liberty to call at any ports on or off the route, and the routes and sailings are subject to change or amendment with or without notice,
For full particulars apply to:- MACKINNON, MACKENZIE & CO.
Telephone Nus.-27721-4.
THE EAST ASIATIC CO., LTD.
M.S. "KAMBODIA"
Loading 3rd May
for
ADEN, FORT SAID, GENOA,
ANTWERP, HOTTERDAM, HAMBURG, OSLO, GOTHENBURG & COPENHAGEN
Tanke 'available for the carriage of oil in bulk
THE EAST ASIATIC CO., LTD. Queen's Hldg., Znd Hoor.
Tel.: 34111 & 34112
HOLLAND-EAST ASIA LINE
S.S. “MEEKERK'
LOADING 5th AND 6th MAY
FOB,
MANILA, SINGAPORE, COLOMBO, ADEN, SUEZ, PORT SAID, ALEXANDRIA, GENOA, MARSEILLES, ANTWERP, ROTTERDAM, AMSTERDAM, HAMBURG COPENHAGEN, GOTHENBURG and OSLO
ROYAL INTEROCEAN LINES
#1950;