THE CHINA MAILS” MONDAY, NOVE
PAINE NAMED
WEEKLY ECONOMIC REVIEW:
R.I.L. NEW APL New Malayan Rubber
ROYAL-
INTEROGEAN LINES
SINGAPORE, JAVA -
PORTS and
MACASSAR
"TJIBADANE**
TASMAN"
**TJTTJALENGKA”
“VAN HEUTSZ” •
ARRIVALS
In Port
In Port
22nd Nov,
7th Doo.
.21st Dec.
SAILINGS
24th Nov,
1st Deo. 10th Doo.
17th Doo.
2614 Deo.
• Only to Singapore, Penang & B. Deli,
"TJISADANE”
• MANILA, EAST &
· SOUTH AMERICA
SOUTH AFRICA and
"TEGELBERG"
"TJIKAMPEK”
"RUYE"
O JAPAN
"TJIKAMPEK”
"RUKS"
ARRIVALS
In Port
18th Dec, ARRIVALS
5th Dec, 4th Jan, '1
SAILINGS
20th Nov.
7th Deo.
10th Jan, '51
SAILINGS
2013 Deo,
Agents: HOLLAND EAST ASIA LINE
⚫ EUROPE vis MANILA
and MALAYA
"LANGLEBSCOT"
"MARIEKERK”
Through Ba/L issued 10
Mediterranean and Northern
European Ports.
• JAPAN
"LANGLEESCOT”
"MARIKKERK“
ARRIVALS
26th Nov. Mid
Dec.
ARRIVALS
SAILINGS
15th Deo, 10th Jan, ⭑EX
EXECUTIVE
Appointment of "George T. Paino, former Com- mander of the Terminal Island Naval Shipyard and 21 well-known ship con- the struction expert, to position of Vice-President (Operations) for-American President Lincs
WOD
an-
Export Tax Opposed By London Interests
(OUR OWN CORRESPONDENT)
London, Nov. 18.
Mr Gordon Gray's recommendations that hugo sums should nounced recently by George be spent by America to finance the development of backward Killion, APL President.
areas is one of the most important aspects of his report to President Truman, on American foreign economic policies.
naval
Mr Paine, a retired
30 years service, officer with has
APL'n
been serving as Operating Manager, and prior to that time served in several within the executive positions Operating Department,
-2
A native of Warwick, Rhode Island, Mr Paine received his education at Brown University, Harvand and Massachusetts In- stitute of Technology. As naval officer in the Orst World War, he was assigned us con- struction inspector of destroyers at Bethlehem and submarines Shipyards, San Francisco; Inter merchant ships as inspector of taken over by the Navy.
SEA DUTY His career inludedt two years
.14th Dec,
8th Jan. 151
SAILINGS
29th Nov. Mid Deo,
EZEKINGS BUILDINGS INTEL HONEST HOLE(022MG ho
MAERSK LINE
FAST FORTNIGH TLY SERVICE TO:
the
in
a3
the
Who
SOME SURPISE The announcement that only
two and half per cent 000.000 of the £200,000,- National War Bonds were con-
the
It is quite
Price
JARDINE, MATHESON & CO.,LTD.
FREIGHT AND PASSAGE DEPARTMENTS
· 10 Pedder Berent, Eaļ. 80311.
INDO-CHINA S.N. CO., LTD.
BAILINGS TO
* "HINDUSTAN" Japan 8. "HANGBANG" 8.a. "DHUNBANG"
•*. "TAKSANG" 1.8. "WOSANG”. 1.6. "WINGBANG"
"HINGANG"
{** "WOBANG" . "EASTERN
QUEEN"
Jemelton & Bandakan Sandakan (Direct) Tientsin Btraits, Rangoon & Hoalunn
ARNIVALO FROM
Sandakan
Calcutta & Straite
Japan
20th Nov.
22nd Nov.
23rd Nov.
23rd: Now!
Calcutta 27th Nov,
28th Nov.
20th Nov.
20th Nov.
22nd Nay.
Cargo accepted on through Bill of Lading for MADRAS & PONDICHERRY via Bingapore and for KŪDAT, JEBBELTON,. LABUAN TAWAU, LAHADDATU 4 SEMPORNA vla Bandakan.
AUSTRALIA CHINA LINE LTD.
L. "BALUCHI&TAN"
BAILINGO TO.
Yokohama, Yokkaichi, Nagoya & Kobe
*L*. "EASTERN GLORY"
Brisbane, Sydney, Melbourne, & Adelalde
24. Nov.
jat Dod.
Lao, Brisbane, Sydney, Melbourne &'Adelalde 12th Doo.
ARRIVALS FROM
1.. "BALUCHISTAN"
Australian Porte via Balgon
LO.. "BASTERN GLORY"
Australian-Porta via Japan
22nd Nov,
29th Nov,
*Cargo accepted on through Bits of Lading to Tasmania, Naw Zealand and Pacific Island Ports.
GLEN LINE LTD.
SCHEDULED SAILINGS TO U.K. AND CONTINENT
m.v. "GLENORCHY"
Any attack on the report of Mr Gray's recommendations, and will replace the existing in cnicu- instrument of "Wall Efforts to render the germs of export duty which
Communian harmless would fated on five per cent ad valo- Street imperialism" is fore- not be effective until they are rem boals.
by the excellent attacked in their breeding
Quite apart from the sever- stalled sentiments expressed in it. grounds which is really the ty of the new duty - which rises according to price of eight Mr Gray makes it abun-message behind the report
The Stock Exchango was times the present level -- the dantly clear that America
generally quiet this week with
rubber producers are greatly industrial in
tiro effect it concerned about must bring under-developed interest chiefly
into a sections. Buying wan selective will have on the future of them.v.: "KAFIRISTAN" areas increasingly
and
of influenced by special industry and the economy network of international
factors. Dealings in gilt-edged | Malaya. trade which will promote stocks were less active than of The duty is calculated on use of the late, and only minor fluctua- the basis of average spot price more effective
over a three- in Singapore economic resources of the tions were registered.
month period. The amount of duty to be paid in any quar- free world and will enable the countries comprising it of sea duty as an officer
months before it is due. The submarines. From 1931 to 1934 to achieve progress on a
ter period will be notified three arst quarter duty will be he was assigned to the Ottice self-supporting basis."
But Mr Gray who is, above verted into new funding three twenty and one quarter cents. of the Secretary of the Navy.
stock 1960-08
obvious that if From 1934 to 1940, Mr Paine all, a realist does not lose sight and half per cent
the
of rubber
falls threatening caused some surprise in danger was a consurucuon superinten of
Norfolk
been estimated sharply-which, under the pre- Naval dent at
backward areas. It in vital, he city. It had 1940 shipyard, and from
to says, not to lose the sources of that £150,000,000 of the bonds sent market conditions, might 1945, was production oflicer of
needed raw materials produced were held by Government de- happen at almost any time Naval Shipyard, In these prona
of partments and wo
would, Boston
"to forces
be
automatically, therefore, the duty. that will have to b
converted. paid on exports plus
cost of where he supervised all work Communist aggression,"
This leaves €121,000,000 of production might conceivably except planning and design,
Plans to Increase the 'stan- | Ak
In be greater than the current While
OL Commander the dards of living in South and War Bonds to be regald
February next out of the pro- price. Termini Island Noval Ship-
South-east Asia were recently
coeds of cash issuc of the yard from 1945 to 1947, he was made by the principal countries also industrial manager for the of the Commonwealth in con-
£250,000,000 funding loan, Naval District. In 1947, sultation with the governments
Imperiul Chemical Industries' 11th
will at his own request, ho retired of the countries concerned. announcement that they with the rank of Commodore to These plans visualised the ex-
to £10,000,000 plant bulla enter the commercial field. penditure of about £2,000,000,- produce a new synthetic fibre
known as "Teryleno" was American 1000 over a period of six years, ceived with interest. As a of the baxt quarter when Mr Princ Joined
in February but little
is yet President Lines
known of sult, the one pound unita 1049 as Superintendent of new means by which this
higher duty would have to be Calico printers, two of whose construction.
amount is to be raised.
chemists discovered the new Faid. Delay in disposing of VIGOROUS EFFORTS
material, advanced to 408. be- stocks would involve the pro- Mr Gray's
ducer in heavy financial loss. report must, fore reacting slightly to 395.
who Rolls Royce are to
were falling, raise
When Pld be held up m.v. "FLINTSHIRE". shipments are sceptical about the
milion un pros- nearly one
one and half pects of financing the Colom- pounds new capital by
quarter when bo plan. It calls for vigorous rights offer to ordinary share duty would be, lower with con- efforts by the International holders. total of 383,833 £1 sequent interruption of exports. Bank for Reconstruction and ordinary shares are to be offer- The general impression is will Development and the Exported at a price of £3; 158: each that the resultant chass
HONGKONG therefore, hearten those
SHARE
vast
of
•
с
TC-
of
SERIOUS DOUBTS
This raiseg all sorts of serious doubts. At the time of rising prices-as at present
for there will be a peramble transport facilities' to get rub- ter out before the beginning
the
next
#
Lodding Now At Kowloon Wharf, sajla 21st November.' for Straits, Colombo, Aden, Buez, Port Bald. Genoas Hamburg. Naples, London, Rotterdam/Amsterdam, Antwerp. Dus Londen 1et January. m.v. "GLENARTNEY"
(Carriera option to propped via other porte to load/dischargecargo).
SCHEDULED ARRIVALS, FROM LONDON ▼ 2
London
'm.v: "BRECONSHIRE"
m.v. "GLENEARN" m.v. "GLENGARRY” th,v. "RADNORSHIRE"
Loads 4th December, alla 7th December for Btraits, Colombo, Adon, Buez, Port -Bald, Tangtér, Casablāros, London, Antwerp, Rotterdam/Amsterdam, Due London, 14th January,
Hamburg.
‛"; .
Leave
Dur H.K.
Salled
28th Nov.
Balled-
dth, Déc.
List Nov.
28th Nov.
6th Dec.. INTERMEDIATE SERVICE..
10th Jan..
*
Balled BtMac.
20 1335
INSURANCES
Comm of capital to under to each complete 3 of stock munists who must welcome any areas in the range of held. Rolls Royce are now. the move that drives a wedge be- Malaya of tween the people of thost important" producers,
· morețjet inircraft!
the end their Government. year, of which half or
waft engines in ternational Bank from sources States other than the United Treasury
PRINCE LINE LTD. `ARRIVALS FRÓM U.S. ATLÁNTIO & PACIFIC PONTS
!ངྐ* mv. "BRITISH 'PRINCE" .. m.v. "EASTERN PRINCE!
NOTICE TO CONSIGNEES
were
035
20
635
DOCKS, ETC.
X. Whart
P+
Nov. 22.
N. PL. Wharf 5%
1000
4000
Nov. 24
500 514
Nov. 20
3.70
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via SAN FRANCIBOO, LOS ANGELES AND PANAMA
NEXT SAILINGS
MS. "LEKA MAERSK”
M.S. "SALLY MAERSK”
MS.
"MARCHEN MAERSK”
Dec. 4 Dec. 17
Jan. 1
TANKS OF ALL SIZES AVAILABLE FOR BULK ONL
ARRIVALS FROM U.S.A.
M.S. "SALLY MAERSK”
MS. "ELLEN MAERSK”
MLS. "MARCHEN MAERSK”
་
For Freights and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel. Nos. 26661-3.
M.V. LA MARSEILLAISE
'will sail for
MARSEILLES
vio
Manila, Saigon, Singapore, Colombo, Djibouti
and Port Said.
on
Tuesday, the 21st November at 6 p.m.
Passengers are requested to board the vessel with their cabin baggage on the 20th November between 3 pan, and 5 p.m.
Baggage room and Hold baggage will be registered at Kowloon Godown No, 50 (No. 2 Gate, Canton Road (4) Entrance) on the 18th and 20th November, between
9am and NOON.
LADYAT
CIE DES MESSAGERIES MARITIMES
:: Queen's Building.
*INDIAN
Tel: 28651 (8 lines).
MARKET Import Bank to achieve a net in proportion of one new share bencat nobody, but the
outflow
The turnover on the Stock 000 to $800,000,000
Exchange
morning was this $179,150. The morning's bus-
ness and moon rates were:
BHADES BUYERS BELLERS SALES buld be supplied by the In-conAPANESE inova
BANKS
HK Bank 115
Undon 070:
2435 Dock Provident. 114 S'ha Dock
Wheeloc .. 28}
LAND, ETC. HK Hotel HK Land UTILITIES
**rem
7.00 44
C. Light (0) 144
10001435
1314 13% 1000 @ 13 500 13 100141 C. Light (N) *
Electric
28% 100 ** 1144 9.16
Tal. (0)
Tel. (N) INDUSTRIALS
Cement
.
•
That Japanese bonds boing relisted.
in Wall Street Me
great im-enlivened the foreign bond FROM UNITED KINGDOM PORTS
• Gray attaches portance to the role of private market; but early gains were
The investment in these operations, not fully held.
biggest
14 1412
1000-14
year
clause
AND STILAITS
*
+
Cottaigness por ship
** "CANTON"
arsired 20th Nov, 1950, 15%, are hereby notified that their cargo will be discharged into the Hong- kong & Kowloon Whart & Godown Co. Ltd., where it will lie at con sincey rial and expense and mid- -Ject to terms and condiisocis of the Hongkong & Kowloon Whart ef Godown Co., Ltd. The DATED 1 expected to be ready for deliver from the Godown on and after the sist November, 1910,
But in view of the uncertain movements were in Japanese political conditions which have klocks with a dollar played their
In impeding end five and half percent 1030 eir part progress of under-developed jumped alx to 73.
Sterling arcas, capital for development issues, were also offected and must, in the first instance, he were renerally better by two the responsibility of govern- three points. Later, how- ments. Private Investment will ever, Japanese came on offer only be attracted after basle and suffered an all-round de- development has been com-cline. pleted.
The Far Eastern situation Provision for this initial in-continued to depress the mar centive is made in the report ket in Chinese bonds. which envisages
· Cargo is considered as being se- grants from F British rubber Interests are cepted in good order and DOG- the United States for develop-up in arms about the Malayan dillen by condices, unless broken, ment and technical assistance Government's decision to
chafed and damaged packages are in-
left in the. Godown for subsequent amounting to $500,000,000 - a pose new export duty on the examination by Mesir Goddard Me
commodity. AII
there Douglas in the presence of ext= Week CHANGE OF BALANCE
slee have been talks among mam-November, 1:30.
at 10 m, on the 'Zith Since this report was pre-bers of the Rubber Growers 24 500 19 234 pared, the balance of political Association and Rubber Trude To comply -with- the General.
power in America has under- Association in London. A rendes
Bonded Warehouse Regulation, com. a radical change. The quest has been made and offer to attendence when dulable electorate has expressed ita doubts about the Truman urned down for a full-scale goods are examined. Exchange Rates ministration by depriving
Parliamentary debate on the the subject, but Mr James. sup-fiths,
Colonial
lal Secretary on and whom much of the blame for Senates
the new impost has been It is to be hoped that 20.20
theplaced, is expected to make a 044 Republicans, who now have statement in the House of Com- 3.50 Larger volce in the management mons next week. 27.00
The new tax will operate 172 of American affairs would not 12.86 under-estimate the importance from January first next year
Rope STONES, ETC.
Dairy (Old) 1314 Dairy (N)
Watoos...
24
gone
President of many of his
In Congress umofficial exchange market this Porters
Business was done in the local
morning at the following fates:- SterBog_pote (per £}
U.S. dollars (per $1}' Indonesia culidera (per 100)
Bard teals (per 100)
Sgapore (Straits)
FIC plastres (per 100)
J
Grlf-
New World Rice Crop
Largest Since War
Washington, Nov. 19. ·
must-have a Tamente
All damnand cargo cisime springt the steamer must be presented to the undersimed on, or beators tim, 15th Domber, 1950, or they win not be recognised.
No Are immurarice will be effected.
No claims will be admitted atter the, goods have been tatters delivery 'of 'ex 'Kulp's mida de altorastivaly ex the Hongkong de Kowloon Whort & Godown, Cols premises unless a Joint survey has previoudy been affected.
MACKINNON MACKENZIE & CO.
Agents,
P.&O. 1. N. Co. Hongkong, th November, 1960.
NOTICE TO CONSIGNEES
глом
UNITED KINGDOM, PORTS
AND STRAITS
Consignées por ship
arriena Tek Nov, 1956. “
The world rice crop in 1950-51 may be the largest since World War Two, says the US. Agriculture Department. It estimates production at 343,000,000,000 pounds compared with 335,000,000,000 last year and 342,- ons Kowloon What dow 000,000,000 in 1948-49,
Asia's production repre- sents about 93 percent of
Pacific Far East Line, Inc.
DIRECT
Fast Regular Trans-Pacifio Servico
FRANCISCO, Lor angeles
"EDWARD LUCKENDACI
OVERLAND
NEW YORK-ETHICAGO. DETROIT-TORONTO MONTREAL AND ALL AMERICAN & CANADIAN CITIES
عامة.
From
Arrives
San; Sangio San Francisco.
Nov. 2
Nov. 23
· Deo. ¿ §.
VICTORY?
San Francisco
Bernice
Déo. 15
Dec. 23
Ba Trancheco Ded
Singapore, Mkarts,
Korukony, Baruchi de Basrak San Francisco de Las Angsing
via Koba
"Hingapore," "Djakarta,” Bomdity,
Karachi & Bestati
|/Bag | Francisco, Via Kobe 4
Yokohama
Ben Francisća "vid (Man
at
are Hørebé notified" that their cargo will be discharged into the Hong-
Co. Ltd. where it will is a) con- rigider tik and, expense ROSŤ MID- Ject to farms And Condition the total, and is the largest 000,000 pounds. Acreage
"What do Clodowa ... Oo Ld. since the war. Europe is caused in nearly all of the rica] "he STEM departed to be ready harvesting a record crop to darly 100,000
producing countries, amounting for dell vory) from ste: Godown on neries above and after the sea Travelboy: 1996 However, North and South 1949.
Cargo, is considered as biker 45- cepted fa".good order" and "000- Améries show decreases and
dillon, by poneippus, unless brvice. chaded and damaged (pELÍASUS ATE African output is about the
Seht in the Godown the PURPOGLEDE station My Goddard fr more at suns" on the kind bouger an, the presence of ADES | Norwmber, 18502ks
Bame.
CLOSE TO PREVAR Itáliad acreage god production was up 10 percent, largest since The Asian forecast is 318,000,- | the war and dióm to the prewar 000,000 pounds, compared with average. Yields are
3Q0,000,000,000, in the previous beat in the world. *ng the
To comply with the
| Sex,akagedoney, whoa, dušable gotde
cge | Zonded Warehouse Regulation, cOD season. The gain in attributed pects a record harvest. French must have & EN OORT to high yields in China. Mo acreage is up do perpent and are examined. devata increases are expected
(Áll deméérd -cargo claims against Form.com, the Philippines, Thai-fiction has tripled in thro
Moderate acreage gains the memes be prosected to land mid possibly Fakistan, ales are expected in Greece and the unded ook or before we `1558 ·December" 1999, or, thery" will Japan has one of ito host poet. Spain, but the Spanish gjald not be repogaland,
war crops
|- However," paschiction is down,
in Koros, French
may be downl
Poundhout
prog
8,10
about tha
样
Wa few Davranos: Will be _Do_otation-will-be-admatted
Galle N.Y., Balls-8,F. Qus'NAK. Bailed * 15th Nov. 12th. Dec. 14th Nov. 3rd Deä. 80th Dec. EAST COAST, CANADA & UBA via SUEZ
~M..."BRITISH PRINCE"
Loads 12th Day for, Japan, Philippines, Jaya, Bares, Straite, Colonines Hallfax, Boston and New Vessel may call Saigon and Blam. ELV. “EASTERN BRING Japan, Philippines, Java, Son
Land 30th Dud., Ven
and Blam subject to Inducamiant,: Straits, Halifax, Boston and New York.
Colomba,
Cargo for Et Jahn (N. D.) Montreal and Bermuda with trap- whipment at Halifax or New York:
All the above subject to altoration without notice." All intending Passendera, should. røglater their
names as far as powible in advance at which they wish to těmýk, stena
of the time,
PACIFIC TRANSPORT LINES
ARRIVALS FROM SAN FRANCISCO
́S "HONGKONG ~ TAANSPORT" . "PACIFIC TRANSPORT" 2.8. "AMERICA TRANSPORT" ES. “CHINA ---TRANSPORT"""""
"PHILIPPINE
TRANSPORT"
Die H.K. Balls. 6.F.
Sailed 2tkt Nov. Eth Deo. 11th Nov 15th Nov: 26th Dec. 23rd Nov... 24th Dec.
9th Doc.
Jan.
TO TAKUBAR, NAGOYA, SHIMIDZU, YOKOHAMA & USA 4 Die H.K/ 8«!l» F.
sa. "HONGKONG TRANSPORT" VAN 21 Nov. 16th Deo. TO TAKUBAS, KOBE, NAGUTA, BHIMIOZN, YOKOHAMA,
HONOLULU & UKA, --
Balls H.K.
8th Dec..
Due 6.F.
3rd Jan.
Through Billy of lading fasued to any Port in
American Ports......
4.2. "PACIFIO: TRANSPORT"
· North Americs & to Bouth
JARDINE, MATHESON & CO. LTD.
18 Padler Street
MATURMAN
STEAMSHIP
Tel: 80811
CORPORATION
MOBILS ALA USA
WATERMAN LINE EXPRESS
FREIGHT SERVICE:
FROM US, ATLANTIC (COAST VIA JAPAN
4, 1. “ALAWAT”.
1. «. "LAFAYETTE"
DIRECT FOR
(er) 1959
Del 1850
NEW YORK, BALTIMORE & PHILADELPHIA
VIA JAPAN & HONOLULU
ACCEPTING TRANSHIPMENT CARGE FOR
GULF PORTS,
WALLEM & CO. LTD.
United Sister Lines Do