THE CHINA-MAIL, MONDAY, JULY 3, 1950,
"HUPEN"
5 p.m. 2nd July*
BUTTERFIELD &SWIRE
CHINA NAVIGATION CO., LTD.
"PRODUCE" "SHENGKING" "HUNAN' "KWEIYANG”-
"SOOCHOW" "PAKHOI"
SAILINGS TO
Tsingtao & Tientsin Bruncl Keelung
Tientsin
Singapore, Penang &
Belawan Bangkok Yokohama, Nagoya, Osaka & Kobe..
* Salls from ARRIVALS FROM
5 p.m. 3rd July
6 p.m. 4th July”
5 p.m. 6th July*
5 p.m. 9th July
Custodian Wharf.
"500CHOW"
"PAKIOI"
Kobe Bangkok
3 p.m. 7th July
C
FINANCE AND COMMERCE
INTRA-LATIN TRADE
WALL ST.
FOUND CUT HEAVILY TAKES BIG
18th July
6th/7th July 12th July
Problem of jobless in China
AUSTRALIAN ORIENTAL LINE LTD./CHINA NAVIGATION CO., LTD. JOINT SERVICE
SAILINGS TO
"CHANGSHA
Sydney & Melbourne
10th July
"CHANGTE" "ANKING"
"TAIYUAN"
Japan
Japan
29th July 31st July
Sydney & Melbourne
11th Aug.
ARRIVALS FROM
"CHANGSHA
"CHANGTE"
"ANKING"
"TAIYUAN"
Australia &
Island Austrália & Japan .
. Australia & Munila
Ocean
7th July 25th July
27th July
7th Aug.
.Japan
BLUE FUNNEL LINĖ
Scheduled Sailings to Europe via Áden & Port Said. "PELEUS"
"AENEAS"
.......Genoa, Marseilles,
Liverpool & Glas-
row
"AENEAS"
"AUTOMEDON"
Dublin & Liverpool Africa, Jeddah, N.
London, Hollant
7th July 25th July
& Hamburg ..... ARRIVALS FROM
29th July
UK. vin Straits
"MAKON"
U.K. via Straits
In Port 3rd July
"AUTOMEDON"
...U.K. via Straits &
Manila
12th July
10th July
"CYCLOPS"
U.K. via Straits
20th July
"ULYSSES"
UK, vla Straits
1st Aug.
"ANTILOCHUS"
UK. via Straits &
Manila
12th Aug.
"PERSEUS”
UK. & Rotterdam
via Straits
18th Aug.
"PATROCLUS"....U.K. & Rotterdam
vin Straits
DE LA RAMA LINES
Sailing to NEW YORK, BALTIMORE, PHILADELPHIA, Via JAPAN, PACIFIC COAST PORTS & CURACAO
"HALLAND"
"AJAX"
17th July
Arriving via MANILA from U.S. ATLANTIC & PACIFIC COAST FORTS
.17th July
Carriers option to proceed vla other ports to load & discharge cargo.
All the above subject to allomtion without notice. For Passage and Freight particulars please apply to
1. CONNAUGHT ROAD, CENTRAL Tel. 30331/8 Private Exchange. BRANCH OFFICE 50 Connaught Rd. West, 25875, 32144, 24878)
AMERICAN PIONEER LINE
due to and from
·Atlantic Coast Ports af the United States and Far Eastern Ports
NEW FAST CARGO SHIPS AKRIVALS FROM ATLANTIL
"PIONEER WAVE”
"PIONEER LAND!"
"PIONEER SEA”
Aug. 4 Aug. 13 .Aug. 25.
& *Takubar) "PIONEER SEA" via Keelung, Kobe &
Yokohama
SAILING THE: MANILAYA "PIONEER WAVE" (ola ·Keelung & Yoko-
hama)...Aug. 8 * "PIONEER LAND" (via Yokohama
14
20
SAILINGS TO NEW YORK, 'BOSTON, BALTIMORE, PHILADELPHIA` vin
JAPAN & PANAMA,
CANAL
1.
'July 13
"PIONKER BAY”...............Arr. July - 3 Sails July PIONEER DALE” A gu: July: 10 "PIONEER LAKE" Aug. 4, Aug. & "PIONEER: WAVE" . „. Best: 1. Sept. 3
For rates, special tifordiation qali
UNITED STATES LINES Queon's › Bldg." COMPANY
The abers list ladicator the ortaitijët
Montevideo, July 2.
J
LOSSES
New York, July 1. Wave after wave of selling smashed the stock market this week for the heaviest loss in 10 years.
Despite the importance of expanded trade among the nations of Latin America as a means of lessening restrictions and controls on importa from other areas, such intra-regional trade has deteriorated during the past four years.
Not since the black days of As the United Nations | The survey was the work of the Economic Commission for Latin permanent secretariat of the eco-May 1940, when Nazi Germany America opened its conference nomic commission, which has its was riding over Western Europe. a survey on trade trends and quarters at Santiago, Chile, At the has the market plunged so far
evening session. Jorge Melia Pale and so fast. The Chinese People's Gov- policies of Latin nations noted cio of the Inter-American Eco-ture that touched off the selling This time it was war in minta- ernment in Peking has lasued that the dollar volume of ex-nomic and Social Council spoke of war that
district and ports within the area had the need for effective co opera-spread across the world. Д directive to municipal authorities through-fallen from an estimated $600,- tion between it and the United out the country laying down 900,000 in 1948 to $450,000,000 Nations Commission,
to cope with the last year.. acute unemployment problemi, according to arrivals from the feeted world trade were sold by
The same factors that have of
the survey to have, hurt com- merce
among
the hemisphere
measures
North.
are
Although offelal ngures not available it is.unofficially es- selghbours. timated that
unemployment in! Nanking
Shanghal alone totals more than 1,000,000,
+
The Latin lands, according to the survey, have been showing an
or. in increasing unwillingnes
among fability to settle accounts
themselves in dollars.
of
.
threatened
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FÄSIGHT' 'BERVICE
OUTWARDE
** "CARTHAGE"
* "CORFU
#4, "CANTON"
Bafted
LEAVES LONDON
Balled
tith July
T
DUX HONGKONG
Erd Nair
Sist July
Via Southampton, Port Bald, Aden, Bombár, Colombo, Penang a
HOMEWARDS
24 “CARTHAGE“
Bingapore.
LEAVES HONGKONG
7th July,
4th Augus
QUÉ LONDON
8th August
.. "CORFÜM
Ith Beptember
to
24. "CANTON"
1st September
2nd October
1.4. "CARTHAGE*
29th September
30th October
de-
4. "CORFUTM"
Stih October
*. "CANTON"
Wed November
9th December
The United States finally elded to draw a line in the Far East beyond which Communism would not be permitted to spread. INDIAN PETROL The announcement of the new the policy was dramatic and OFF THE RATION
stock Inarket responded in dramatie fashion, Bombay, July 1.
Savage selling hacked roughly Petrol rationing ended toda $5,500.000,000 off the quoted after nine years in the port cities value of all stocks listed, on the
Madras, Bombany,
Calcutta exchange.
It was the largest vicinities overall decline since the frantic and their immediate but the event went almost un-days of May 1940. noticed.
But it was not 期 one-way Many pumps reported "bust-market.. Time after time buy- incon-ing orders flooded into the ex- "An even more significant de-ness as usual" with
The change, blocked the slide for a velopment." the study adds, "has venience or long queues.
price had been reduced by The authorities have requested been the tendency to alllite impies a gallon in Bonbuy.
six while and even sending prices that wherever a local relief cam-port quotas and exchange controls immediate result was an incrcuss
The rushing upward. paign has been launched, mana. In reduce or prohibit Imports in the price of used cars by about gements, uli Government and which formerly came from neigh 25 per cent.Heuter. private factories, mills, business
order to bouring countries in houses and shops shall donate one stimulate and protect local pro- per cent of the actual payroll duetion even though costs may towards a special fund for aid to be very much higher." the unemployed.
Peking has announced that i has appropriated 200.000 tons of fondstuffs as a contribution lo- wards rellef of the unemployed,
At the same time, the emplo- yees of all enterprises shall give one per vent of their pay for the same purpoɛe,
The directive said the primary method of relief is to give work to the unemployed, but as a sub- sidiary aid programme the unem- ployed should be assisted to help themselves by production, by other undergoing training for vocations, repatriation to the countryside for productive labour and receipt of a doic.
The authorities in Shanghai, Nanking, Wuhon (Hankow Hangyong and Wuchang), Chung
This has resulted, according to the survey, in attempts by several republics to become self-sumeJent
in commodities such 03
wheat, cotton, cattle, elc.. em ploying land, capital and labour that could more profitably be used otherwise.
:
·
RO
Not until Friday, though, did the market make a decisive stand and then it was too late to do anything but mend a minar part
the damage
suffered earlier
in the week.
ECONOMIC AID
On Friday, though, in a specia- FOR SE ASIA
cular reversal of direction, prices surged ahead at the opening. The Bombay, July 1,
galns were only partially main- Two British Treasury officials tained until around noon when the
here yesterday sugar, arrived
from President gave his historic battle Karacht on a three-day visit to
order rending U.S. ground troops assess the nature and amount of
Into combat In Koren, The economic ald to South East Asla President's order released a flood countries as decided by the of selling but the market stood Sydney conference of Common- wealth countries,
The officials, Mr. 0. Williams and Mr. 5. Nicholls, who will go oti to will meet officials of the Reserve Singapore, Bank of India, Reuter,
Apart from the dollar soar- city, the reasons for this wore sald to include, the inability of an. Importing nation to develop sumetent experts of its own to allow payment for Imports.
Closer integration
example,
FOOD FOR INDIA
Bombay, July 1. king and Canton, "where the Closer Integration of future de-
Mr, Melvyn T. Johnson, eblet unemployment problem is thevelopment was recommended by
of the CARE {Co-operation of most serious", have been told to the study, not necessarily along American Remittances to Europe plan and budget for relief pro-broad lines but in terms of in- and Asia) Mission in India ar- jects which, however, may be dividual promislag Items. Forrived here today. implemented only after approval
It was suggested that He will supervise the unload by the Cabinet in Peking-Reu-
Chile should eventually be able ing of the first consignment of ter.
to specialise In the export of food and cloth packages for dis- certain iron and steel products tribution In India, expected in from
her
modern mill near Bombay by the S.S. Express on Concepcion in exchange for cot-July American Independence ton, sugar, wheat and manufac-Day-Reuter," tures, Mexico and Colombia.are among others with similar possi- bilities, according to the report.
London, July 1, Ghulam Mohaimined, Finance Minister of Pakistan, arrived at Northolt Airport, London, from Paris tonight.
He was welcomed at the airport by the Pakistan High Commiss- loner, Habib Rahimtoola, and his financial advisor in London, Sir Victor Turner. Reuter.
NOTICE TO CONSIGNEES From UNITED KINGDOM PORTS and STRAITS. Consignees - per Ship $.5. "CARTHAGE" arrived 3-7-50.
the
new
BUS TRAGEDY
drm.
When brokers left Wall Street on Friday night, they had tire memory of a rising market at the close of trading and the hope, hat the week-end would pro duce no news to cause another upset.Associated Press.
CHICAGO GRAINS.
Chicago, July- 10: Grains rolled
upward under heavy demand in active dealings today on the Board of Trade. A roaring soybean market paced the advance. All bean contracts Jumped nearly 10 cents, the limit permitted in a single session.
Wheat closed three onefourth to three fiveeighths higher.
$2.22-52.2135. July September
$2.24-. December
$2.374- Com was 1-% to 3 cents higher. July $1.51-$1.51%.
Oats were 1- to 2-4 higher. July 88%-4.
Rye was 3-4 to 5-1⁄4% higher. July $1.384.
Soybeans were 0 to 0-% higher. July $3.22-$3.214.
Dr. Nilo Berchasi, Unigunyan
Casablanca, July 1. Minister of Finance, was
Twenty Arabs died in a colli- named
alon between the bus in conference chairman. Four com- they were travelling and a heavy which mittees were set up later.
lorry on the road near Taz, French Morocco, last night.
The bus burst into flames imbs. higher. July $11,76-$11.02. mediately after the accident and all its passengers were trapped. -Associated Press.
NOTICE TO CONSIGNEES From UNITED KINGDOM PORTS and STRAITS: Consignees Per Ship
Lard was 25 to 45 conts a 100
-Associated Press,
Detroit, July 1
Motor vehicle production in Paris, July 1. the United States this week will Ismail Sidicy Pasha, former total 185,789 units, Wards Auto- Premier of Egypt, has shown motive
reports estimated today. further improvement, officials at The total includes 155,238 cars the hospital where he is suffering and 80,551 trucks and compares from a paralytic stroke reported with last week's 190,348 vehicles. today. There was no indiention Associated Press. when he might be able to leave the hospital.-Associated Press,
m.s. "SOMALI" arrived 3-3-50... are hereby notified that their cargo will be discharged into are hereby notified that their Hongkong & Kowloon cargo will be discharged into Wharf & Godown Co., Ltd, the Hong Kong & Kowloo where it will lie at consignees Wharf & Godown Co., Ltd. | "za risk and expense and subject where it will lie at consignees to terms and conditions of risk and expense and subject Storage of the Hongkong & to terms and conditions of Kowloon Wharf & Godown storage of the Hong Kong.& Co., Ltd. The cargo is expect- Kowloon Wharf & Godown ed to be ready for delivery Co., Ltd. The cargo is ox- from the Godown on and after pected to be ready for delivery from the Godown on and after July 4th, 1950.
July
NOTICE TO CONSIGNEES
Consignees Per
1.3. "BENALDER"
are hereby notified that the cargo is being discharged into the Hong Kong & Kowloon Wharf & Godown Co.'s go down; where it will be at Cón- signees risk and subject to the Wharf'a terms and conditions of storage, and where delivery may be obtained.
Cleveland, - July (2) Steel producing business in the United States, is 'going on as exual and mills have not increased their output despite the U.S. mill- tary intervention in Korea, Steel magazine sald here today-United Press.
1950.
NOTICE TO CONSIGNEES 5.3. MANGARELLA” Cargo is considered as be- ing accepted in good order and Cargo is considered as being
Having arrived Hong Kong condition by consignees, unlean accepted In good order, and broken, chafed and damaged condition by consignces, unless
consignees of cargo are hereby packages are left in the Ga-broken, chafed and damaged
notified that all goods have been landed and placed at their down for subsequent examina packages are left in the Go
risk and expense into the gos tion by Messrs. Goddard & down for subsequent examina- Douglas in the presence of lon by Messrs. Goddard & Damaged packages are to be downs of the China Provident consignees, at 10 a.m. on Douglas in the presence of left in the Godowns for exam- L. & M. Co., Ltd., where de-
consignees, at
10 nm. .on Ination by Consignees and the livery may be obtained a July 7th, 1850,
July 7th, 1950.
Company's Surveyors, Mesars, soon as the goods are landed. To comply with the General
Carmichael & Clarke, at 10 To comply with the General am, on July 5, 1950, --
No claims will be admitted Bonded Warehouse Régulation, Bonded consignees must have a Re-ion, consignees must have a
Warehouse Regula
after the goods have left the To comply, with the General godowns or failure to attend Officer in attendence Revenue Officer in attendance Bonded Warehouse Regulations the survey. venue when du lable goods are ex: when duitable gooda"; wire | Consignees must have a Re amined.
examined.
venue Olleer in attendance All
All broken, chafed and dam-` All damaged cargo claima against the steamer must be all damaged cargo claims when damaged dutiable goods aged goods are to be left in the godown where they will be against the steamer must be are examined, presented to the undersigned
examined in the presence of on or before, the July 24th, presented to the undersigned No claims will be admitted, Messrs. Goddard and Douglas
on or before the July 24th after, the goods have left, the on July 4, 1960, at 10a.m. 1950, or they will not be re cognised.
No fire Insurance will be effected.
-.!
1950 OT they will not be restcamera godowns, and all
cognised.
goods remaining, undelivered To comply with the General
No fire Insurance will be after July: 0, 1950, will be Bonded Warehouse Regula- effected.....
subject to rent...
tions, consignees must have a Revenue Officer in attendance No claims will be admitted
No claims will be admitted | |--All claims against the steam- | when examining damaged dull- after the goods have been after the goods have:bocter must be presented to the able goods. All claims against
14. "СПИВАNM
27th November
With December 4th January
• Disembarks passurgem et Bouthampton on Zård December,
Acorpiing cargo for Singapore, Penang, Colombo, Bombay, Adem, l'art Bald A London,
OUTWARDO
. "ROMALI
"KUYDER" HOMEWARDS
'. "BUNAT"
Da "ROMALI
FREIGHT SERVICE
DUS HONGKONG 3M July. 7th July..
FROM
London & Continent,
LEAVES HONGKONG 7th July
1st August
· 'FOR London Continent,
Accepting Orzo for Bingapore, Port Swettenham, Penang Colora be, Aden, Port Bald, Genoe, Marseliler, Londen, Hamburg, Ant- werp & Botterdam, With liberty to call at Bombay It Infacemenk offers.
TANKS AVAILABLE FOR CARRIAGE OF OIL 'IN BULE. SPACE FOR REFRIGERATED DARGO. LIMITED PASSENGER ACCOMMODATION.
BRITISH INDIA S.N. CO., LTD.
"BIRDHANA”
* "TAIREA"
das 18th July
salla Mih July
dus Stat July
sails 2nd Aug.
from Calcutta, Rangoon ▲ Biralie- for Japan.
from Calcutta, "Reagon
Hiraits,
Кок Зарал..
These ship have Befchærraced Catgo apana,
7.
P. & O./B.I. JOINT SERVICE
"ITOLA
dus 19th Jal 'india 13th July
Strait,
Colombo,
from Japan. for Boenbar, --Kurnok) Persian Gull;,
EASTERN & AUSTRALIAN 5.5. CO., LTD.
14. "KASTERN"
„La, "NAMKIN"
In part
and 4th Taiy
troen Japan.
for Kania, Port Mores-' doby, Samaral·ā Australia Zum 14th July from "Australia" anila 10th Aug., for Babaul & 'Anafexžím. Accepting cargo for Brisbane, Sydney, Helbourne Adelaida, and on through bills of lading for Naw Zealand & Pacide Island posta.
All vessels have liberty to call at any ports on or off the route, and the routes and salliigs are subject to change or amendment with or without notice.
For full particulars apply ła - MACKINNON, MACKENZIE & CO.
Telephone Nos: 27721-4.
Now
is
The time plany Summer Holidays
WHAT BETTER THAN-A" ROUND. TRIP/
do
JAPAN
REDUCED
with an extra charge för, Hiring `pboard thaʻship:lu'JAPAN; 275
ROUND TRIP FARE: HK$500 to HK$600
For Particulars Apply to JARDINE, MATHESON &
Padder Start.
PASSENGER DEPARTMENTARE
LTD.
taken delivery of "ex ship's taken, dalivan of ex alipo imferstmed on or before the vessel must be presented to WEEKLY CHINA MAIL"
side or alternatively, ox the side of alternatively ex the] July 20, 1950, or they will the Uddersigned within four
Hongkong & Kowloon Wharf Hong Kong Kowloon, Wharf not be recognised.
& Godown Co.'s premises, und & Godown Co,'a, i premisse,
teen days of the ship's arrival,
less a joint survey has pre- unless joint suryty, has pre-No Fire, Insurance will be or they will not be recognised. riously been affected. Pa viously been affected, 1
No fire insirance will be ef- [footed.1.!" MACKINNON MACKENZIE MACKINNON MACKENZIE
WALLEM & CO., LTD. |
ophone 31172-9.
*& CO. 7.
→→ Agents, situa
ong Kong, July 3rd, 1900
effented.!
W.IB TOXLEY MACO.
(CHINA) LTD.,
*Julyart 1950.64 | Hong Kong, June 30/1950.
301
CONTAINING ALL THE LOCAL NEWS
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