Pare 14.
R. I. L.
ROYAL
INTEROCEAN
✪ SINGAPORE, JAVA
PORTS and
MACASSAR
"VAN HEUT62" *
"TABMAN"
"TJITJALENGKA"
ARRIVALS
2ts! July
LINES
SAILINGS
20th July
10th Aug.
26th July, 31st July 16th, Aug,
*only to Singapore, Penang & Bel. Onli
@MANILA, EAST &
SOUTH AFRICA &
SOUTH AMERICA
"TJIKAMPEK"
"RUYA"
"DOIBBEVAIN"
→
JAPAN
"RUYS"
ARRIVALS
THE CH
MAIL, WEDNESDAY, JULY 19,
FINANCE
Hong Kong Stock Exchange
The maritel continues quiet with no change la repart.
AND
COMMERCE
STERLING AND GOLD
London.
The past quarter's increase" in our gold and
dollar reserves' is surprisingly good.
711
BERICHA
The Global Fieni
TO HONOLULU & SAN FRANCISCO.
MONETARY FUND
General Gordon"
On June 30 last our reserves stood at $2,422 mil- ANNUAL MEETING
tion, which is $181 million above the level at which they stood on March 31, 1948, just before Marshall Aid begon,
London, July 17. When the International Monetary Fund and, the Inter- Valued in sterling, our're- | Hon. Our sub-quçta is 27 per national Bank hold their annual serves are C064 million. cefit,, which works out at $1,000 meetings in. Parls in Septem- 31% 1954 & 1980, Ex.In, paysan,Even more encouraging is the million. This is the largest sub-ber, Sir Chintanian Derlimukh the balance of quota of all. The schemic Includes is to preside. This arrangement 33% Loun (1948) Int. DAN, 974 Improvement in
payments between the
sliding-senie for the settlement sterling
H.K, Govt. Lozna
•
SAILINGS
A Loan A.
4th Aug.
6th Aug.
12th Aug.
6th Sept
ARRIVALS SAILINGS
*3rd Aug.
3rd Aug.
3rd Bopt
16th Aug.
HOLLAND-EAST ASIA LINE
"TJIKAMPEK"
"BOISSEVAIN"
Agents:
• EUROPE vio MANILA
and MALAYA
"MARIEKERK"
"MELISKERK"
"MEERKERK"
Through B+/L Inoued to
Mediterranean and Northern
European ports,
"MARIEKERK"
P
JAPAN
"MELISKERK"
"MEERKERK"
ARRIVALS
SAILINGS
early Aug.
8th Aug. early Sept.
early Sept.
early Oct.
7th Aug. early Sept. early Oct.
early Aug.
•
early Begt
KINTSEBUILDISGETCURBONITETMISZTOSZR0172
SOUN SUGAGES EPISCONNAUGHTY ROAD, GILLS JERK25 115
ISTHMIAN LINE
(F-thmlan Steamship Company Now York)
DIRECT MONTHLY SAILINGS TO NEW YORK
VIA LOS ANGELES AND PANAMA
AKTION" "GREENHAVEN TRAILS"
.25th July .2nd Sept.
SAILINGS TO SAIGON, BANGKOK &
DJAKARTA (BATAVIA)
"STEEL HOVER"
“STEEL ADMIRAL"
04/
Banka ,,Nank 1200n.
on. Reg.) £750, Chartered Bank £9 15/185, Mercantile Tank A. A 31, TOR. Jank of East Anin 1016.
InsurancOS Canton Jns, 256. Union Ix. 6786, 8775x0. China Underwriters 3r. ILK. New Inn, JGün.
Shipping
Douginners 50n.
1.K. & M. Rteamboats 1in. Inn Chine (Pietà) $6,700,
(Del.) 15. Shells (Denter) 00/771⁄2n. Union Waterbosta 188. Ania Nav, .65%0.
Docks, Wharvas, Godowns, Etc. HK. 2. Wharven 7, 70mA. North Foint Wives in.
Shanghat Henakaw Wharves Blan. 1.K. Docks 12.
China Providents 9.50s, Shanghat Dockyards 2,306, Who-lock 27m.
Mining
Rauh Mines 4.10.
H.K. Mine 10152.
Lands, Hotels and Buildinga
H. 8. Holela 21⁄4n.
.K. Land
Shanghai Lende RL,
Jhumphrys 15.
H.K. Realties zu.
Chinese Estates 12in.
Public Utilities
H.K. Tramways 1050m, 101⁄2jan, Peak Troms (0) in.
(New) Bu, Star-Heerlen Gá/šina. ~Lights (D) 9.80m. (New) 6.00.
་
FF
H.K. Electtles 213%, Mecas Electrics 11». (New) 10% n. (Bonti Sh.) 10. Sandakan Lights A. Telephones 10ýr.
(kts.) „166, 266, 20cm. Storhai Gas 111.
industrials Call, Matr. (Ord.) 22. Cantau ces n Cemente 0
Stores, Etc.
Daley Farms 12
(i) a.
H.K. Ropes län,
.31st July
20th Aug.
Salls S.F. Salled
Duo H.K.
31st July
ARRIVALS FROM U.S.A.
*STEEL ROVER"
“STEEL ADMIRAL”,
GILMAN
Salls N. Y.
Sulfed
Sailed 20th July 19th Aug.
CO., LTD.
Tel: 31146
Chlneso Freight Agents:- HIN FAT & CO., LTD. Tela: 28823, 25553 & 23483.
SWEDISH EAST ASIA CO.LTD.
ARRIVALS FROM EUROPE
m.v. "MINDORO“
...30th July
1.v. "ANDAMAN”
Early Sept.
SAILINGS TO EUROPE
my. "SUMATRA”
30th July
m.v. "MINDORO”
End Aug.
FOR
ADEN, PORT SAID, ALEXANDRIA, GENOA, MARSEILLES, ANTWERP, ROTTERDAM, BREMEN, HAMBURG,
COPENHAGEN, OSLO & GOTHENBURG Deeptanks available for Balkeil
GILMAN & CO.,
Tel. 31148*
LTD.
SWEDISH FAST ASIA CO.,LTD.
m. v. "SUMATRA "
LOADING 30TH JULY
SAILING IST AUGUST
For
ADEN, POLT SAID, ALEXANDRIA, GENOA,- MARSEILLES, ANTWERP, ROTTERDAM, BREMIAN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG.
GIEMAN CO., LTD.
曲
Watmans 21.
I. Crawfords 201. Shtreren 25 I
China Emporium Des.
Sun Co., Ltd, 1.78. Young Sang Hnay th
Wing On (KKU 121.
We, Powell, Lad, Ro.
MiscellaneoUE
China Entertalumenta 148. H.K. Constructions (Oil) 240n,
(New) 130n.
Vibro lings 21126.
Merimen Investments Df-u. Maryman (H.K.) 6.
Shanghai Loan 100.
Yenster 2.4915
Ewon 3.050,
Cottona
Rubber, etc. Companies Almus Eetsten 24lán.
Aarlo-Dutch 300.
Angio-Javan 15m.
Batu Anama „18n. Bat Plantations,ob. Chemor United „Sin. Cheng Rubbem „16b.. Consolidated Rubbers 11jb. Dominion Julbera In. Java-Consolidateds „Din. Kyla Babrán „Bib, Kronwork Jayna 185. Langkots 201 Padang Rubbers 108. Rapah Rubbers`,Lin. Rubber Třásts 2.tón. Simsches Rubberi „801. Setanzibu Rudberg Jón, Shanghal Kedaha: Ex.Div. th. Shanghai-Malaya”. 101. ' Shanghai Pahang .606. Shanghai, Sumatras in. Boa Manggis 19. Bungel Duris 173in. Tanah Meraha 4
Tabong Rubber \11%%0. Ziangbe Rubbers 50n.
BUSINESS DONE (Dired bufnens}
Union Ins; 40 ml: #07925! Wharf Go, 109 at $10. JI.K. Tram 1,000, 1975.
HR. Electric 100 at 17255, 20 at 120/6 Triephane (shis) 100 at 20 onta. Dairy Farm (Filzlifu; 500. mi $2. Clove, a Loan (165141946) 12,000
VERDEN the clearing. The essence la Sir Chintaman became Chair.
In
arid dollar areas. In 1947, the nr debts and credits arising out was made last September, when worst year of all, the arca had a dalici! which $1.033 million a A quarter. 1948, the deficit was running of
million a
a quarter, while for the first ning months of 1940, the average deficit was $500 millon quarter. Then came devalun- Ron and also the recovery American trade from its recession of early 1949.
that whether a country owen a man of the Board of Governors lebit or has a credit; db per cent. of both institutions for the of day-quote remains out current year. slonding. The remaining 40 per rent is payable in gold.
The results are seen in past nine months' figures. October-December, 1040, the sterling Bret
Vital safeguard
We thus sinnd to lose or gain
$400 million in gold at the most. It is further provided tha, trade
I
Most of the funelions of this chairmanship are honorary, since the day-to-day running er the two Bretton Woods Institutions Is handled by their respective
Executive heads, Mr. Camille Gutt, of the Fund, and Mr. Eugene Black, of the Bank.
But the Bard chalsmanship involves presiding over the ni nual meetings.
conducted in sterling between two the OEEC countries is brought into For the calculations for the purposes the clearing. This will ch. area'n deficit was only courage the continuance of the $31 million. For January-March, use of sterling in European trade. 1950, there was a mirplus of $40 We have also agreed that holders Sir Chlatanan as the Governa!
The chairmanship descended to
India. When Rus- out of the Bretton
milligg, while the latest quarter's of sterling balat.cer outstanding rep on Initto, as
that
debts
Woods
returns show a surplus of $180
lost can use on June 30 million. This year Is the first sterling to discharge their since the war in which the ster ling area has had a surplus in obtained the vital safeguard that came one its trade with the dollar area. any gold lost to the Unloh by us Th
This entitled
to the Union. In return we have next bluest quoth Holder, he
of the "Blg
"Blg. Five." India to appoin
05
as the result of that concession an
an Executive Director (Execu American trade curve will be made good by the Eceng- tive Directors representing coun- trics other than the Blit Flvr mic Co-operation Administration | Fica
have to be elected) and So for This surplus has been won by in Washington. buying less from the dollar coun-
the The new
Board Chairmanship has European Eayments tries and by selling more to them. Union is designed to foster the descended through the Big Five, Herein Bes
several warnings. revival of Intra-European trade. it being India's turn this year. The main reason why we have it has therefore been agreed the It was known that, sold more in the growing Ameri with minor reservations irato dls. Sir Chintaman's Chi
tter of election rather was a matter can trade activity, expressed in crimination between the parti- was of automatic rotation, he the keen American demand for cipating countries will be abolish than sterling area raw materialc. ed.
Also 60 per cent, instead of WAS a very popular choice. rger quantities' of rubber and 30 per cent, of this intra-Euro-secret that he is held in en by his fellow Glov have been solit to the pean trade will be freed from
1 are in general the United States of rising prices. Import quotas.
limit Spurs, whe global
Finance Ministers of the various ดวงส
countries which are members, of these Institutions. Reuter.
The
American Intervention in Karen on holiday visits
"ceds
for
máy intensify the American need Switzerland will be
raw materials.
Whether the scheme Nevertheless the fact remains will depend partly upon the ex- that we are living on the top of tent to which countries lose gold the American trade curve.
they lose too We to the Unish. may be able to balance our ne- much, they will become cautious, counts co long as American trade and European trade will suffer.
Is no
esteem
P
Money Market
and
is good, but we all seem un- So while orie hopes that the US dollars opened yesterday likely to do so whenever Ameri- scheme will achieve its object can trade is bad. We have na here is another note of warning. right act as if United States business was immug cycle.
from the
Auctuations of
The sterling area is also
BOY-
ing less from the-dollar countries. One conscriuente is that people
MAERSK LINE
at HK$0.08 and closed at $0.10.
Wert
the lowest These highest rates of the day.
TT opened at HK$6.14% and closed at $8.15.
Industrial gold was weak at HK$200 a tael at the opening. It dropped half a point, and then
$298.50 at the lunchcon interval. il climbed to In the afternoon $300 at the close.
here are still having to lighten NOTICE TO CONSIGNEES went up to $299.50, closing af their bells. This is made
by high Barent by to buy many of the
taxatim,
inability pleasantries
The M/V "ANNA MAERSK"
Sterling at HK$15.57 was un- changed.
of life, and widespread curtail having arrived from New York and Ports of call, Consignees ment of essential capital
expendi ture. It is common ground that of Cargo are hereby notifled the beat remedy for this would that their goods ure being
he streater
eral lack Production; yet gen-Handed and placed at their risk |
comforts means and expense into the Hong that the human side of our pro-Kong & Kowloon Wharf & duction machine is not being Godown Company's, godowns duction
wbile
the at Kowloon, where delivery properly lubricated, deferment of capital expenditure may be obtained as soon as means that the mechanical alde tho-goods are landed.
is not as efficient as. It could be. Therefore our good gold and
dollar
figures should
not make
Optional cargo will not be
Australian pounds dropped to HK$12.10 after opening at $12.15. Piastres continued nominal nt K$12 a 100. Ticals at HK$27.30 a 100, on" NE! Guilders nt HK$2 a 100,
were unchanged!.
NOTICE
H. M. T. EMPIRE FOWEY
us too coreplacent. Nor are landed here, unless notice ans further exhortations to personal been given 48 hours, prior to restraint accessarily the best way vessel's arrival, but carried on to get greater production:
from port to port to the final H. M. T. "Empire Fowey" The sterling Drea countries port of call to which the option sails at approx 4 p.m. on. Sun-
also reduced their pur- extends. 14. 450
day 23rd July 1950, with Ser- chases of dollar goods. That
vice personriel and their mebps goods from us. We may talk of chats will be on the passengers are not carried).
need more
No claims admitted families (faré-paying civilian unrequited exports paid for out Godowns, and all goods re- of sterling balances, but the fact
have
This Notice is for the Infor-
remains that such exports save maining undelivered after July mation of visitors wishing to dollars. Equally they mean an 25, 1950, will be subject to
additional drain upon our pro-rént. duction
European Payments
say goodbye to friends who are travelling.
All broken, chafed, and Provided embarkullon ho3 damaged Goods are to be left been completed, visitors
in
Union
in the Godowno, where they possession of pink boarding There is also the question of will be examined on July 24; passes may go on board, at 11 our trade with Europe. Last 1950, at 10 a.m. by our Sur- a.m., but they must leave the week agrecnicht was reached in veyors, Messrs. Goddard & ship at 12.30 p.m. Childcon Perls over the new European Douglas.
under twelve are not allowed Payments Union. As already
this is forecast,
To comply with the General on board. schame, embracing all the countries, but the whole of the consignees must have
To avoid congestion it is area is associated with venue Officer in attendance boarding passes issued must regretted that the number of a month each
OBEC
when, damaged dutiable goods be limited to those related to reports to the Bank International Settlements,
most closely confected
a
inganded Warehouse Regulations
Ja to be thỏ Agent for the sero examined.
Ro-
:
or
All claims must reach us with a passenger, Depending every surplus or deficit driding before August 18, 1950, or they on the Service to which the out of its trade with each of the will not be recognised.
passenger whom it is desired other OBEC countries.
These
to visit belongs, application surpluses and dedelta duced to a series of debtser
should be made in writing so ..are
as to reach the appropriate oil- dress beloty by 12 noon on Thursday, 20th July, 1050:--
Gorz, 156 Loan (2048) $10,000 at Spedite due between each GEEG
8014, 40,000 kg på.”
Star Ferrim (6'xb. 14, 100 at 169,
Akis, Nev.`1,000 af dé'conta. Emporiums *4#75 mi° #9.
|
country and the European. Pay- menta Union.
No Insurance will be effected.
JEBSEN. &.CO. Agents.
The tofal quota for all the Hong Kong, July 18, 1950... countrica 15 fixed at $3,080; mil-
Pacific Far East Live, Inc.
Fast Regular Trans-Pacific Service
BAN: FRANCIÍQU, ZOS AMORLES
"OVERLAND NEW YORK-GIUSAGO-DETROIT-NOR MOKRRAL AND ALL, AMERICAN 4 CANADIAN OFFIES.
dan Franchos de Tina) Kázába
San Francija tõe Anèsim”
Ben Franciaá
Royal Navy.
Sea Transport Ofce, Combined Services Head-
quarters Hongkong.
Ármy/RAF_Movements
Headquarters, Salisbury Road, Kowloon.
White passea for admission
to the wharf only, are, obtain- ablo under the same arrange ments,
Both pink and white passes "should," ̈bơi collected at the Kowloon Wharf Glodown Co's No. 1 Gato at or after 12 am, on 23rd July, 1080.
ut
of 10 Commpdor
and the Port Com-
'President Wilsons” President Cloveland”
via JAPAN
Are. July (30
Sails July 31
Arr, Aug. 3
Sails Aug. 4
Arr. Aug. 30
Salls Aug. 33
TO SAN FRANCISCO & LOS ANGELES
"President Plarco" "President McKinley"
via JAPAN
Arr. July 28 ... Salls July 29, ...Arr. Alig, 20 Salls Aug. 21′
TO NEW YORK, Baltimore & BOSTON
vio PACIFIC COAST & PANAMA. I
"Willamette Victory" "Dartmouth. Victory"..
Arr. July 21.
Salls July 22
.Arr. July 29.
ROUND THE WORLD
Sails July 30
VIA MANILA, SINGAPORE, COLOMBO, COCHIN. BOMBAY, KARACHI; SUEZ, PORT SAID, ALEXANDRIA; NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON "President Johnson" "President Monroe"
In Port Arr. Aug. 4
Sails July 10
Salls Aug. 6
TO JAVA & STRAITS
"Mount Davis" "President Fillmore"
St. George's Bldg.
Arr. July 25
.Arg. Aug. 18
Salle July 26 Salls Aug. 19
Tel. 28172/3
BEN LINE
SHIP "BENVRACKIE"
"BENCLEUCH"
FREM
Tai
TAD EAST
ARRIVALS
FROM
U.K, via Singapore
DUE
20th July.
on or abt. 29th July
"BENVENUE" "BENDORAN"
tr
9th Aug.
"BENLAWERS"
H
14th Aug.
"BENATTOW"
27th Aug
"
BENALBANACH"
29th Aug
"BENCRUACHAN"
12th Sept
24th Bapt
SAILINGS
Loading on or abi
London, Antwerp, Rotterdam Hamburg a Hull.
Genoa, Le Liverpool,
30th July
17th And
18th Sept
Haveo &
13th Aug
Liverpool, afrigow, Dublin, Rotterdam.
31st July
Antworp
31st Aud
28th Sept
"BENVRACKIE" "BENLAWERS" "BENCRUACHAN”
"GENDORAN"
"BENVENUE"
"BENATTOW!
"BENCLEUCH"
↑ Accepts Cargo for Japan.
) Omits Hull.
Via Singapore, Colombo, Port Sudan, Aden, and Suez Canal,
For Further Particulars, Apply To-
W. R. LOXLEY & CO. (CHINA) LTD, Agents York Buliding.
::
Telephone: 34185.
THE EAST ASIATIC CO., LTD.
M.S. "INDIA"
LOADING ABOUT 10TH AUGUST
for
ADEN, PORT SAID, ANTWERP, ROTTERDAM,
HAMBURG, OSLO, GOTHENBURG & COPENHAGEN
THE EAST ASIATIC CO., LTD. Queen's Bldg., 2nd floor,
THE WILLS
Tel. 34111 & suit
ISTHMIAN LINE
(Isthmian Steamship Company, New York)
S.S. "AKTION"
LOADING 25th JULY SAILING 26th JULY
год
LOS ANGELES & NEW YORK
PANAMA CANAL
CO., LTD.
GILMAN
Chingue Freight Agentä...“HIN MARY&
Tola: 26883, 25553 & 23487.«