RANSPORTATION
Express Passenger Launch
For Venezuela
a speed of over 37 knots carrying 60 passengers has successfully completed trials in Southampton Water, She has been shipped to Venezuela where she is due to arrive this month.
A LAUNCH capable of
SUPERLINERS TO BE
BUILT IN ROTTERDAM
CONTRACTS worth over
There she will be used to
Ch.
THE CHINA MAIL,
WEDNESDAY, SEPTEMBER 17, -1958,
Economic Front Quiet After Last Month
London, Sept. 16. After the hectic month of August when news came thick and fast from all quarters almost every day, the economic front during the week to September 12 has been so quiet you could have heard a ticker tape drop.
HONGKONG STOCK EXCHANGE
Our Own Correspondent Business dove on the Hong transport engineers, technleians † kung Stock Exchange this morning amounted to approxi- and drillers working on
mintely $425,000. Noon quota- tions and the morning's transac- tions were:
Sharrs nayera Rellets
5640
Shell de Venezuela's oil cònces- stons in Lake Maracaibo, who
sometimes have to travel up to
45 miles by waler to drilling keations in the lake.
BANKS
But Bark ! Fast Ana
INSURANCES
Union
KRIPPING
100
Kalos
200
20
་
13
Waterixat 30.10
the. some
Wheelver
€
DOCKS, ETC.
Dock
2006 $33
LAND, ETC.
Ik Hotel
EK Xi
221.20
Humphreys Tenby
14 FO 1.33
This craft joltus a fleet of $340 millions are ox-
more than 40 passenger launches pected to be placed soon with with speeds of over 17 knots Voralmo's United Shipyards, already engaged in carrying on- of Rotterdam, for the build-ployees to their Jobs on ing of four "super-passenger" ike, where Shell have linors-cach of 110,000- 120,000 gross ton-for the American-Europe Lines Now York.
This was an unced
of
320 sq. miles of concessions.
་་ Provident 1100 11.5.
Ordered by Shell Tankers Lid on behalf of Clo Shell de Vone- zucia i designed and built by Vespers Ltd, Portmouth, she is frat recently, long and powered by Two Amale by Mr Edge Dels eilor. Prez Napier Dellie 18 cylinder two don-of Ameler-Europe Travel stroke diesel engines. The strerror Projects. The Dist line, to being posilon is high and
wel med New Yorser, will be com-
forward to give cuxswains leted at Verelme's new Bozen- Lerg yard by 1982, he said. The best porable view ahead, a very
on provision
Lake heel is expected to be land this
Maracaibo owing to the presence of floating logs and debris.
summer.
statement, According to the each vesel-about half as olg gain as the Queen Elizabeth would be able to carry 1,80X1 to 10,000 passengers seross tha Atlant. Each ship would have 3000 txury eati's with bath- remn. There would be only one elps, and the single fue from Furope to New York: would be SIRO.
PASSENGERS
HOCESSITY
NO 'SLAMMING'
Trut
very
BULLISH MOOD IN LONDON
London, Sept. 10. Stock markets were cheer- ful today, buoyed up by a
number of "bullish" fac tors,
Wall Stroot'a intlex for In- dustrial shares hit in all-no Internationally.
1816 high. Publication of the Con- will develop before the end of servetive Party's policy in the the various Important con pamphlet "Forward to Freedom! ferences now being held or showed the Government's polky about Lo be started: the was less and less restriction and Commonwealth one in Canuda, moro widespread share owner- We World Bank/IMF one in ship. This came immediately on India and, its conunoxišties, thoro top of the relaxation of hira- of coppor unct lead and zote purchase controls, now being held in Loniclera,
market took
While Klatcamen ore jockey- Tho gilt-edged ing for
pre- those things into consideration potions in f parations for their talks. aand gains of 1/18 to 1/4 were flood
FOREIGN BONDS
of rumours and semi- 10gistered In most issues, offlelag statements inve emerged, but the only certainty appears to be at the moment that the idea of a Commonwealth Bank which
been way to have translated into Practice : Montreal has now been dropped,
Internally
Interribly, the stock market has rutches the year's peak, latat It may well be the storm before the lan
The drop in sleet production, which has jul keen announcel, is being taken as an ominous gn for the coming winter: runnlag down of stocks in the calculation of future needs is 2004 21.20 mainly blamed for the fall in
cenrumptica. 300 3123
125
Over