POYANG"
BUTTERFIELD & SWIRE
CHINA NAVIGATION CO., LTD.
SHENGKING”
SZECHUEN"
HANYANG,
ANKING"
"HUPEIT
"YOCHOW"
TROSPER"
A SAILINGS TO
Tientsin
.Keelung
Singapore & Penong Bangkok
Yokohama, Nagoya,
Osaka & Kobe Tsingtao
Tientsin
S'pore & Djakarta.
• Sails from
ARBIVALS· FROM
POYANG"
Tionisin
"SHENGKING"
Keclung
HANYANG
Kobe
"HUPEN"
Tientsin & Tsingtao
"GOOCHOW"
Mike
"YOCHOW"
..Bangkok
3 p.m. 6th Oct.*
5 p.m. 7th Oct,
3 pun. 8th Oct.
3 p.m. 9th Oct.
6.p.m. 9th Oct.
5 p.m. 10th Oct.
5 p.m. 13th Oct."
3 p.m. 16th Oct, Custodian Wharf.
2nd Oct.
7. a.m. 5th Oct. 6th/7th Oct. 7th Oct. 9th/10th Oct. 11th Oct.
AUSTRALIAN ORIENTAL LINE LTD./CHINA NAVIGATION CO., LTD. JOINT SERVICE.
BAILINGS TO
"YUNNAN?
Sydney
"CHANGSHA”
Sydney, Adelaide &
Melbourne
"CHANGTE"
..Japan
0th Oct.
18th Oct. 10th Nov.
ARRIVALS FROM
TYUNNAN"
Kobe
4th Oct.
TAIYUAN”
Kobe
"CHANGSHA”
Kobe
"CHANGTE"
.Australia & Manila
5th Oct. 19th Oct. 6th Nov.
BLUE FUNNEL LINE
Scheduled Sailings to Europe via Port Said
&
Glasgow "MEMNON” ¦¦‚Liverpool
via Manila "PYRRHUS" .Genoa, Marseilles, Liverpool &
CALCHAS" ..London, Holland & Hamburg
Scheduled Sailings from Europe.
Glasgow
"ASTYANAX" Tangier, Casablanca, Dublin &
Liverpool
7th Oct.
8th Oct.
25th Oct. 27th Oct.
Sails Liverpool. Sails Rotterdam
Arrives H.K.
G. "MEMNON"
20 Aug.
4 Oct.
5. "CALCHAS”
G. "PELEUS"
4 Sept. 13 Sept.
10 Oct.
17 Supt.
15 Oct.
*. "ANCHISES"
28 Sept.
26 Oct.
2 Nov.
* 8 Nov..
17 Oct.
15 Nov.
25 Nov.
5. "AGAPENOR" 21 Sept.
"AENEAS" ... 4 Oct.
"PATROCLUS" 13 Oct."
"AUTOMEDON" 21 Oct,
G. Loading Glasgow before Liverpool. 5. Loading Swansea before Liverpool,
DE LA RAMA LINES
Sailing to NEW YORK, BALTIMORE, PHILADELPHIA, via JAPAN, SAN FRANCISCO, LOS ANGELES & CRISTOBAL
"ANDAMAN”
"DONA NATI"
14th Oct. 4th Oct.
Carriers option to proceed via other porta fe Head & discharge _carge..
All the above subject to alteration without notice. For Paisago and Freight particulars pleaso- apply to
L.CONNAUGHT ROAD, CENTRAL Tel. 30331/8 Private Exchange. BRANCH OFFICE: 50 Connauglil Md. West. 25875.32144, 24878.
AMERICAN PIONEER LINE
to and from Atlantic Coast Ports of
the United States { and Far Eastern Ports
NEW FAST CARGO SHIPS.
ARRIVALS FROM" ATLANTIC
"PIONEER COVE". Cargo arriving by
North Western: Victory
..Oct.
Noy.. 4.
"PIONEER' SEA”.
"PIONEER TIDE"
PIONEER SKA” via: Koelung,
IONKER TIDE" via Yokohama
SAILING TO MANILA
Oct. 10
BAILINGS TO NEW YORK, BOSTON, BALTIMORE, PHILADELPHIA VIL JAPAN & PANAMA CANAL
"PIONEER LAND" "PIONEER COVE" "PIONEER, SEA7 "PIONEER MAIL"
Arr. Oct. 2 Salli Oct. 4 Arr. Oct. 24. Balls Oct. 20 Air. Det: 24 Balls, Oct., 35; Arr. Oct. 29. Salls Oct. 31
For paites, apestat information call
UNITED STATES LINES
PANY
Tel: 28198.
FINANCE
AND COMMERCE
New York Stock Exchange
New York, September 30, Wall Street got jittery this week about peace in Korea and
inflation at home.
Prices in the stock market surged sharply in both directions; and the week ended just a notchi higher than when it started,
It took the market men some! time to make up their collective mind, but once they did, the decision was that everything is all right.
in
The week started off with dire warnings of Inflation and flation controls ringing in the cars of all.
The theme of the American Bankers Association convention
that economle evil.
U.S. wants increase in German trading
Frankfurt, October 1.
Bonuses are being offered to German exporters to * stimulate exports of Gorman goods to the
dollar árca, WA A
Under the arrangement, exporters doing business
with US, and other dollar markets will be permitted use of 20 per cent of the dollar re- venue from such transactions to buy dollar imports of any category, free of the usual rigid financial controls. The plan, approved by the three-power. Allled. High Com- mission and the West German government, is the latest, movej in in broad campaign to help close Germany's yawning $400,000,000- gap.-
The bonus arrangement
hasa
in New York was largely inflabeen made retroactive, to July 1. 'Under' Its prèvisións, exporters tion and its effect, and the bankers selling German goods to the dol were outspoken in their fear of lar area. will be given a credit Reserve Board meinorandum at their German foreign trade bank, authorising warned against rising farm prices the use of up to 20 per cent of and wages adding to the spiral of dollar receipts for purchase. inflation.
without restriction, of any dollar Imports desired.
The Federal
The Secretary of Commerce, Mr. Sawyer, outlined the possibl- Uity of controls being clamped on business to retard inflationary effects and to smoothe the path of military preparedness,
To pay for all that, the Seera- tary of the Treasury, Mr. Synder, said taxes will have to go up substantially no matter what the outcome of the war in Korea.
That was disheartening to Wall Street, and then came. the word of dramatic American and United Nations military successes in Korea. Peace rumours circulated wildly.
At first blush, an end of the war in Korea, meant an end of current high production and a jolting change over to peacetime operation in industry.
The stock market dropped. An estimated 1-1/4 billion dollars was chopped off the listed value of securities.
|
Controls relaxed
Д
The arrangement will cover any category raw materials, ma- chinery, evoft luxury items," United States source said,
Heretofore, all dollars acquired WCZO exports. from German. placed under stringent German and High Commission controls and could be used to make dol- lar purchases..only after the closest scrutiny
The purpose of the now bonus arrangement is two-fold:
Deadlock in Indo-Pakistan trading
Karachi, September 30.
A oomplete trade deadlock between India. and `Pakistan starts tomorrow following in- dia's refusal to extend the. existing trade agreement.
An official of the Iridian Commerce Miniatry said the deadlock aróis because Paki- stan's insistence on acceptance of her rupepa in a fresh trade agreement was not acceptable to India-Autoalated" Pross,
**PRICES AFFECT COTTON TEXTILE INDUSTRY
ISRAEL ECONOMIC CRISIS
Tel Aviv, September 30. The Israel Government to- night arounced a series of sweeping steps designed to Bolve the nation's economic crisis.
the"
An official statement issued after a series of Cabinet sessions said the Government is deter- aprending mined to crush black market and balt frantic buying and rise in prices.
In a revolutionary move to drain off from públic circulation huge amounts of money with drawn from banka in recent weeks, the government said it would permit an association of municipalities and local councils to hold popular lotteries.
A a concession to private Initiative, the Socialist Premier, David Ben Gurion, said the Gove crament would authorise, special shops to conduct. trade with tourists in foreign currency with. out restriction,
The Government, he said, would grantmortgagea to spur the building of tourist hotels, by pri- vate enterprise
Associatext Press,
FUR IMPORTS TO AMERICA STOPPED
New York, October 1. Importation of Russian furs by plane has stopped completely since New York longshoremen xe- nised to unload Russian, goods from ships, reports the New York Journal of Commerce.
ma-Sqrvice Textile Information. trading by fur importers. Im-l
factor
New York, October 1. The Journal said a survey `dis- closed that drying up of this, busi- Recent sharp increasing manu-
than ness-formerly one of the most (A) To help narrow Germany's facturing costs have more
cargoes Icek of dollars and thus reduce offset savings gained through important Westbound
in the handled by planes was apparent- her requirements for American technological advances ald. (B) To make it possible for cotton textile industry since the ly due to voluntary suspension of dollar-short German firms to last war,
porters were unwilling to take a buy American goods and
chance that their merchandise terials
The rise in cost of raw colton would be unloaded from the Germany's dollar gop has been
planes. and substantially narrowed in the has been the primary past several months, through affecting both retail prices
their: get committee catablished to which the mills mus
not earnings, the Service says. that was for the good. The re-tackle the problem on all fronts. The price of cotton has ad- US. High Comunlaslon econo vanced 30 per cent in the past market inched higher. The Asso-mics oxperts sald the present 12 months. It is currently up clated Press average of 50 stocks doilar deficit was at a level of a to its highest levels in 30 years, according to the Service. Cotton advanced only 10 cents on balancettle over $1,000,000 per day.
textile wages have advanced 25 in the five-day week.
per cent since 1948..
Workers who unload planes at
Wall Street efforts of a joint German-Amerithe manufacturing: margins from New York alsports, have taken.
But. Overnight changed its mind and decided all can
mainder of the week the stock
At the end of this week, stood at $83.72, a new high for the year and the best since March 25, 1031-Associated Press
CANADA. PLUGS -
THE LEAKS
Ottawa, September 20. Canada put control on exports today to plug leaks of strategic materials to Communist-domin- ated countries and protect the raw material stockpiles for Cana- dlan industries,
•
Agrodments helpful
States
and
·
have
A year ago, these sources said, Germany, was going in the red at a rate of $2,000,000 per day Much of the improvement has been accomplished, through new trade agreements, notably with Latin American countries
Actual dollar credits, through zales of German goods to the United States and other dollar areas have, however, continued to be a weak spot in Germany's ccatomic recovery. hampered trade with the United It is expected that the new The Trade Minister, Mr. C. D. bonus inducement will stimulate Howe, announced-a-reshuffing of German exporters to make great export supply policies and the er efforts to crack the United creation of two new lots of con- States and other dollar markets trolled commodities. A total of Plans also are being consider 177 export items was included in ea o establish in the United the new controls, effective Octo-States a dollar gap" commitice ber
1. The spokesman sald
there similar to that created here, to had been evidence that strategic eck additional means at the goods shipped, from North Amt. American, end, to expand Ger- rida had been trans-shipped to many's sales to the United States, countcles behind the from curtain. The chief trans-shipping point in such transactions had been
Kong
WARTIME TRAGEDY
OPENING OF PARLIAMENT
dded to the specific, list of: areas where goods cannot by
London, Datober 1. shipped without export permlis, were Afghanistan,
King George, accompanied by Tibet, the Manchulla Queen Elizabeth, will open the Ukraine, Mongolia, and Sinkinng-United Fresa, k
now session of Parliament on October 31, five days after he opens the rebuilt. Commana
officially an Chambers, it was nounced today...
Parliament. reassembles. on October 17. It will open a new assion when The King has out- lined the legislation which the of this town at the foot of the Government propose to Introduce Central Pyrenees, today said that į-Router, a skeleton found in the mountains on Monday is that of an English- mman.
REVEALED Folz, Southern France,
September 30. Mr. J. Leblane, a hotelkeeper
WARNING TO U.S.
•
one
The cotton textile industry has spent
than more
billion dollars since, the way to moder- Improve ma- nise plants. and
Service, said. chinery, the
But dven greater emelency gained has not been sufficicat to offset la any appreciable, degree the ex-| traordinary advances in costs. Associated Press.
LARGE GRANTS BY FORD FOUNDATION
A
Detroit, September 30. The Ford Foundation today announced grants totalling $3,000,- 000 to 13 American. Universities for selenitifle research into human behaviour.
A grant of: $500,000 was also made to the Public Administra- tian Clearing, House of Chicago to expand its activities in the fields of national and international administration,; --
The Foundation, the largest public trust in the United States with assets reported to be in ox- cess of $250 million, announced on Wednesday the extension of itn activities to work for international peace and the advancement of the ideals and principles...of demo- cracy, g
the same stand on Russian.. in- ports as the longshoreman. How- over, only one actual case of a fur shipment being intercepted at the airports by the boycott has been reported-Associated Press.
:
CHICAGO GRAINS
- Chiengo, September “30. Grains moved ahead on the Board of Trade in fairly active Corn dealing for. Saturday.. showed the most strength, but the rest of the market came along briskly toward the close.
Wheat closed 1-4 to 2 cents higher. December $2.20 5.
Corn was 1-6 to 2-14 higher. December $1.40
Oats were 1 to 1- December 81%.
algher.
Rye was 1-% to 2-% higher. |December $1.41-31.41 %.
Soybeans were % to 1-% higher._ November $2.35 1⁄4-$2.34.
Associated Press.
NY COTTON
New York, September 30. The cotton futures market was weak today. Selling was general.i
Futures closed 50 to $1.90. a bale lower
October 40.30; December 39.80- 83; March 30.69; May 38.35; July 28.75; October. 35.05-20;· Decem- ber. 34.88; March unchanged, Middling spot 41.20-Associated Press.
NOTICE TO CONSIGNEES
Consignees' per
BENYANNOCH" B
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N; CO.
| PASSENGER/FREIGHT SERVICE
OUTWARDa
"CORPIJ "CANTON"
4. “CHUSAN”
LEAVES LONDOM À DUÉ HONGKONG Balled
19th October
7th November"
Bird October
gela Nórajbar 4th Decembe
Via Southampton,. Fori Baid, Aden," Bombay, Colombo, Penang in
NOMEWARDS
*6.4. "CANTON". 24. “CHUSAN”. 3.4. "GARTHAGE”
#
"CORFU???" "CANTON "CHUSAY“
Singapore,
Eich Ctober Sård November
LEAVES HONGKONG
DUR LONDON
11th November
#4th December
ith January:
Stud Fanpezz
9 December 2nd December
T9th January.
16th February
gith 'February
19th February
19th March
24th March
• Disembarka - passengers; at Bouthampton: 'an tred December. Accepting, cargo for Slamsporą,, Prasse, Colombo, Bombay, Adey Port Bald & London,
OUTWARDS
SOUDAN
* "BURAT HOMEWARDS *.*BOCOTRA”
sa. "SHILLONG"
• Via Alexandria.
[FREIGHT SERVICE..
DUR HONGKONO 23rd October
10th November.
FROM
Landon Continent."
FOR
LEAVES. HONGKONG
Brl October
28th October
Landon Continent.
Accepting Cargo for Singapore, Port Swettenham, Fetany, Colomn- bo, Aden, Port Bald, Genoa, Mamellies. London, Hamburg, Ant werp & Zotterdam, With Iberty to call at Bombar 11 inducemMACÍ offer.
TANKS AVAILABLE FOR QARRIAGE OF OIL IN BULK SPACE FOR REFRIGERATED CARGO, LIMITED. PARSINGER ACCOMMODATION;"
BRITISH INDIA S.N. CO., LTD.
LIKE AMON
*m. “SANGOLA”
die "felh Deta" from Calcutta, fangoon
---Strate
salle 19th Oct.
>27th Oct,
sulla 29th Oct.
for Japan,
from Calcutta, Bangpon
via Stralis,
for, Japan,
• Thess, ships, have Refrigerated Cargo speak,
P. & O./B.I. JOINT SERVICE
#4. "ATLANTIC SEA” 'o
"ITOLA"
".. "IBMAILA
auront mals 7th Oct.
7th Oct.
duo
all 10th Oct. due. 10th Oct. solla
ih Oct.
Il from Japan,'
for Btralia,Madras, Colombo, Bombay,' - Kara- chi & Permian Goff,, Iron Persian Gulf via
Karachi, Bombay, Color-- bo, Madras & Biralia, for Japan
from Japan.
for Straite, Madras, Colombo, Hombay, Kara chi A Férelin Gulf.
EASTERN & AUSTRALIAN S.S. CO., LTD.
(A "NELLORE
dhe 8th Oct From-Net Lesland, and.
Fort Australia, vin Moresby & Manila. › .:mulig, Jrd Nov. For Abstrailan: Porte (wis -
Fort Moresby,
All vessels have 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 Nos. 27721-4..
NOTICE TO CONSIGNEES
NOTICE TO CONSIGNEES From JAPAN
“A.V. “BORGHOLT" Consignees per ship
Having arrived. Hong Kon consignees of cargo are hereb m.s. "SOCOTEA”
notified that all goods. han been landed and placed arrived October 1, 1950
their risk and expenso into th are hereby notified that their godowns of the Hongkong and cargo will be discharged into Kowloon Wharf and Godow the Hongkong & Kowloon Co, Ltd., where delivery, mà Wharf & Godown Co. Ltd., be obtained As soon as th where it will lie at consignees goods are larided."
risk and expense and subject No claims will be admitte to terms and conditions of
storage of the Hongkong & after the goods have left the attend Kowloon Wharf & Godown godowns or fallura, to-
the survey. Air. Paul Hoffman, the retiring are hereby notified that their Co., Ltd. The cargo la expect head of the Economic Co-opera- cargo is being discharged into ed to be ready for delivery tion Administration, is expected the Hong Kong & Kowloon from the Godown on and after to be offered the $100,000 a year Wharf & Godowa Cosadowa October 3, 1950 post of President of the Founda- where it will be at consignes
"Cargo" is considered as be tion-Reuter, mak
riak and subject to the Wharfs terms and Conditions of storageing accepted in good order and on October 3, 1950, at 10 D
condition by consignees, unless saba and where a delivery; mu obtained
UK WITHDRAWS PS. LICENCES
All broken, chafed and dam aged goods are to be left f the godown when they all b examined in the presence o Messrs Goddard and Dougla
broken, chafed and damaged To comply with the Genery Regula packages are left in the Go Bonded Warehouse In October, 1943, on English in Chicago, October 12,
Damaged packages are to be down for subsequent examinations, consignees must have oficer, apparently a shot-down The Secretary of Cormorce,
left in the godowns for ex- tion by Messrs... Goddard & Revenue Officer in attendan pirman, came to his hotel. Mr. Charles Sawyer, sald: today.
Stockport, September. 30. gave his name as Dell, and said that, despite encouraging deve
amination, by Consignees and Dougins in the presence of when examining damaged duti machine-tool, of he wanted to escape to Spain/.by, tepments in Koran, the United Craven Brothers was told today the Company burgoyors, consignees, at 10am onable goods. All claims agai the high passes of the Pyrenees,
The skeleton was spotted from my lasts and, the rat that the Brilsh Government har M. Caruch Clarke October 5, 1950. the vessel. must be present
to the Undersigned withi an acroplane, at about 8,000 fests, heavy, taxes, probe withdrawn licences for the export at 10 am on October 5,
To comply with the Generalfourteen days of the - shilp lems of inflation for years to of 27 vertical boring machines 1850. Men de T
Bonded Warehouse Regulation, arrival, or they will not b near the frontier of the tiny tom
Fome
the firm was making for Poland. To comply with the General consignees must have a les recognised. mountain, State of Andorra, a speech, Mr. Bawyer
A hunter today reported and turned businessmen against the The withdrawal was in accordance ing another skeleton close to the folly of increasing prices and with the recent statement by Bonded Warehouse Regulation, venup Officer in attendende
No dia- Insurance is will about the conalgrices must have a Ro when duilable goods, uro ek- tho Board. bf Trade first. This one, in dark clothes urged labour
effected... refrain from pay..Imitation on the sale of such venue Officer in attendance aminod: 30 15 and with 14 sous in the pocket, l
ja demandatalion was
when damaged duttable goods
WALLEM & CO) was thought to be the English sound device for fighting inflation ranchines to associated countries.
Seven of the machines were are examined. rhan's guide-Beuter,"
he added: "We can forward to heavy and continued
NEW-STYLE NYLON
New York, October 1 Woman&may soon be wearing nylons that feel as well as like all the mugažino Weak roporte NUDE
on a pay you permore.Idok almost, completed", and would 17 dégro wear and brits Mustela L All damaged. cargo claims'j
B. The United States.
faced with short materials and
Ad Fear future."—Linked Thoorporated, firmak
ing chemist and fabric
developed as method ing nylon with, nakin? stocitings, more::com
The firm clati
AN
CUSTOMS TARIFF
TUG SUNK
Feffected.
the|}. No claims will be admitted.
Agerite, Telephonos 88041-4
presented to the undersigned chordy have left tie cointry, an No claims will be admitted against the steamer must be eficial of the firm sald today. It after the goods have left the on or before October 23, 1950, is not known what will happen steamer's godowns, and al "to them now,Router-.........
goods remaining undelivered or they will not be recognised. Hong Kong, Sept. 27, 1980. after October 6, 1950, ̈ vill No fire Insuranco will be
PEL be subject to, rent...
NOTICE TO CONSIGNEES
YANA tp after the goods have been fora talom defivery of de ship's Damaged cargo bat aldo or alternatively ynx the sel will be surveyed Hongkong & Kewloon Wharf Wharf, bétwoch, 10 Be Godown Co's premises fin-noon of Optober 3, less a joint survey, haa, po- fanti consigncor "are viously been affected.
to have their present duri
stemmer – must bo
or
Melbourne, September 20, The Australian Lug Terawhite the Undgrugnes sank within 85 seconds in Port October 20):108 Philip. Bay, Victoria, today after will not be recog
being in coulsion with the p568
Con British hip, City of Knägtour. No Fire
le? Ond of the tug's crew was miss. effectédi
but the six others' were saved!