HK BANK
PROFIT
THE CHINA MAIL, FRIDAY, MARCH 13, 1959.
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE,
INCREASE MARKET BRIGHTENS UP
The Hongkong and Shang. hai Banking Corp. Ltd. made a profit of $23,466,- 050 for the year which is an increase of $2,400,000 the previous year, but reduced economic activity had affected most of the area.
over
The Chairman of the Bank Mr M W. Turner, pre- sented the balance sheet of the Annual General Mecting of the Bank this morning.
UK Bank Lombard Union
HK Dock
Provident HX Hotels HK Lands HK Realty
Up or Down
Dividend
The Share
Market At
A
Glance ★
Fab. 12
Feb. 10
Feb. 24
Mar, 57
Mar. 12
& Renus
Yięta(%)
800
81739
7825째
7700
77254
+3.50
#48
0,2
27D
28
28
24
28kb
+-500
想
7
7234m
12b.
72
72
1214
+50c
$3.40
4.7
Wheelock
5.75
5,05
0.00
3.5.3
5.30
750
13.4
HK Wharf
Sim
1
100n
ย
n
4414
4314
50c
11.5
12.20
12.10
12.30
12.20m
12.20
23.30
21.30
23.40
23.20
23.40
3244
314
31%
31
2014xd
steady
steady 4.200
$1.10
A
11
12
8.0
$2.40
8.2
1.5269
1.525
1,50m
1.50m
1.80
steady
150
150
10
UK TramIN
26.80
26.00
25.20xd
25.00
+100
52
7.8
Star Ferry
1115
108
104bxd
104b
strady
雞
8.0
Yaumalla
96
0414
Dob
05
strady
38
8.45
CD Light
10.00
10.00
10.00.
10,20
$1.10
of
Elcolric
2014
2014
28.39
25.20xd
20.20
4.51
$1.00
6.6 1.25
HK Teleptions
25.00m
25.80
25.40
25.60
23.90xd
steady
$1.75
7.3
I.
Dairy
4.8
Cement Farm
25.70
25.90
25.09
20.50
23.20xd
23,60
+30
$1.24
13.B
16.50
10.10
10.20
10.10
10.10
atendy
$1.7714
8. Watson
13,00
13.80
14.40
13.60mxd
13.30
-10c
14.70
14.70
14.60
14.30
14.50m
sicady
$1.50
7.4 10,4
5.25b
5.15b
5.2011
5.30
4.30m
steady
Сво
12.2
3.06
3.94b
3.975b
4b
steady
250
0.25
ob
10
TO
Ion
100
steady
Roa
8
3:075 6.80
4
4
4.05
4.10
600
14.8
0.80
C.8K
0.80m
8.75
-So
800
11.8
After writing off $4,000,000 for premises and allowing for an Interim dividend of £1.2.4 per share, a final dividend £1.17.0 per share was declared. This lett a balance of $2,000,000 which was carried forward to next year.
The balance sheet showed an increase of $43,000,000 over 1957,
Hongkong currency nates in circulation increased by $10. 000,000 due to a rise in the ex- cess note issue which was re- flected on the other side of the balance sheet by a similar 15- crease in Hongkong Govern- ment
of indebted- certificates
ness.
Deposits
Currency, deposit and other
kenual
hav rose
$31,000,000
while acceplanees on behalf of customers dropped by $5,400,- 000.
Advances fell by $90,000,000 and trade bills decreased by $53,000,000.
Money nt call and short notlee and Investments rose by $101,000,000 and $07,000,000 respectively, while smaller in- crenses were recorded in cash in hand and British and other Government Treasury bls.
The rath of 14adily rotitanble assets to Total abilities rose by about two per rent to 90.37 per cent.
Lane Crawford fat'l Investment Allied
HK & PE Inv
Texifle Corp
Nanyang
104m
+100
THE TALLY: Lost week, 8 higher, 7 steady, 10 lower. This wock, 10 higher, 11 steady, 4 lower.
NEW HIGHS REACHED
ON BULL MARKET
New York, March 12.
The stock market surged to new bull market highs today in more active
trading,
The upswing was fuelled by
list a lung
of favourable economic atal corporate develop-inti Harvester... ments. Individual gains run- ning past four paints dotted the main list n the market made Its best showing In more than n week.
Zenith stole the show with
a Kain running to more than 26 The Chairman sold that the
Bank's points at its high. General Tyre manner In which the
forged ahead around eight at its best
Howies and Pilney uround me. Tennessee Corp fucked on more than six while. Northrop was up around three ir, the aircrafta.
funds were utilised at the end jog of the year showed only clearly the trend of rixiuced which hod economic activity affected most of the territories In this area.
the
Mr Turner pointed out that reason why the total
of
10
both trade bills and advances had decreased was ity! lower commodity peters-hd the imports which restriction on had been such noticeable feature during the past year.
2
Favourites
International Nickel International Paper
Jo Te
Jabu-Annwille Co. Kaiser stry Hunks C Power & La Kennicott Copper
Lone Star Cruientes.
Lawenstein & Dana
McDermott J. itay McDonnett
Aircraft
Stock ExgS.) Mesabi Iron Corp. Minnesota Mising Melon Development
Chemical Co.
Monsantry Word
Motorola the...
الحمية
Drug Co.
St-Van Camp.
30%
Mutual Fund Quotations
The following are qualations of Mutual Funds in the Unlied States in American dollars. The buyers' quotations include com- mission:
Investors Look Around For
Cheap Shares
By A SPECIAL CORRESPONDENT
4
The Hongkong Stock Exchange
was
brighter and prices hardened after very slow business last week. There seemed to be a lot of their surcharges had He loose money about looking for effect on the market, proniable investment and many shares were showing good yields after being quoted ex-dividend. A number of Investors started buying up cheap-looking shares in the middle of the week and the rest followed Butt.
The result was that the majority of stocks improved and the four losers this week were all on comparison of middle or sellers' quotations and not on
les quotations.
Next month dividend money will be paid out and it is ex- Peled the market will be veller when a greater part of His money is likely to come
Docks were still soft and this could be attributed to the com- pany's balance sheet which was not good.
Trams, after being quoted ex- dividend last week, were in good clemond and they gained 70 cents on the week.
Dividend
week were:
declarations this
|HONGKONG STOCK EXCHANGE
by
Our Own Correspondent
Business done on the Hong- kong Stock
Exchange
norning amounted
mately $204,000,
this
to approxi- Noun quola-
tlons and the morning's trans- tions were:
Bhares
Duyarı Beljara
TANKS ILK BIAX INSURANCES Un on ....
I cantord 201 Underwriteza SHIPPING WC.0b41 Wheelock
DOLLEN, KIC. K. Whart Dock
Irov'dint.
LAND, ETC.
Baje
2002211
1,50
2:
0.00
43-43%
12.20 19.30
UK kotel 23.10 13.00 JUK Land,
X al 29.40 ints).437%;
1stplateye
X all 14.50 14.50 Aralty...
1.475 1.45 RUBBER
Amalg.
Rubber Trust. 14 cents final-Star Ferry 12 cents last year,
Turnover for the week was $2.95 million compared with $10 million last week.
Market Diary
Here is a market diary of the
No material change. T/O: $143,000,
to the market for re-invest-, | week:
Friday:
ment.
Hongkong Electrics were in the limelight this week gaining Monday:
their proposed $1, and with
bonus and new issue at the end of this year their yield of over ( eight per cent is very good for
utility share.
On the other hand. China Lights with thetr present yield of 0.6 per cent enly camed 10 cents on the Shareholders are how-
weeks.
ever hoping for a better interim thly year: Both electric com- panies three per cent cut la
The Future
(Ootiinued frem Pare 10)
Prices generally
welt
maintained.
T/O: $380,000,
No material change.
21
503 4 29.30
2944 2.128
2.123
Ayer
2.00
UTILITIES
Tram, XD 23.80
£03
25.00
Youtati Da
C. Light
223 22
23
50
23
TONY
16.70 1.00
500 10.10
1:0
10.80
24.16 211.20
Electric
Macao E0,50 Telephone,
USTRIA
STORES, ETC.
**
1500 4 18.30
130) 20,40
26 1003 (4 24
273 23.00
1203 1 23.40
10 10.10 000 16.10
13.40 13.70
Dalry
Watson,
XD
Lane, Craw, 1480 14.00
Tuesday: Wednesday:
Кноп
T/O: $670,000.
130
104
4,03
་་
TVO: $695,000.
6.75 $7,00
Thursday:
MISCELLANEOUS
Inland Steel Co. Interchemical Corp.
130 Reynolds Metal
71
Sears, Roebuck & Co.
43%
Mutual Funds
Sellers Buyers
Int | Burless Machiner
527
Shed Oil Co.
Affiliated Fund
7.FR
8,09
42
Saleway Stures
Am Bus Shre
4,30
10
Saint Hey, Paper
47
Alom Dev Mut
8.04
038
StBit Paper
01
Axe Hought
7.72
9.43
404
Sinclair Of ....
Bullock Fundi
13 00
15.21
55+
Sinth, Cing & French
124
Canada Den Fined ..
15.10
W41
1:12
Bocony Mood C
Canadian Fd
*0.43
61
Solar Aircraft....
Canadian Int Growth
85N
0.73
135
South Puerto Niro Sugar
2721
Chemical Pund
20.00
2.07
Kunberly Clark ...........
Southern Ca (Tite)...
Comwith Stock
Luekleed Altecoft
gt Myers Tub, Co.
07
Southem National Gas
447%
Dividend Shra
3.00
1.39
Southam Rabway (Com. J
8517
Dreyfu Fund
13.21
14.3R
|
Loews Incorp, .....
Standard Brady
60%
Eaton & low Stock
24.19
23.01
Standard Olì of Cal
531
Electronics Inv
7.77
1
Standard Oil of the.
Found Mut Fund
10.10
11.00
47
| Blarsford Olt of NJ,
12%
Hamil Fd Re-
5,21
{ Steep Rock (Toronto Exge.
is
Instit Found
11.14
12.18
761%
In Growth
*
11.38
32.43
15
Insit Income
1.02
7.19
1323
Studebaker-l'ackard Cup.
11
Invest Tr Boston
11.70
12.70
25
Sunkhine Mening
B
Keystone Cus Bz
23.16
25.27
4032
Swin & Cu
Catone Canada
13.10 14.24
442
exxa Co.
Maks Inv Tr
13.84 14.78
70
Textron live.
2414
Masa Growth
13.30
National Biscuit Co.
5444
Tako Chem.
130
Nat Sec Ser Crowth
7.23
8.54
National Camil Reg., "A
73
The Water As, O
27
Scudder 9 de Cl..
39.73
30,75
|
National Dairy Prod.
Time Ine.........
Toley Fire F
14.94
10.28
National Lead
14K
Tri-Cont, Warrants
3019
Value Line Fo
7.13
1.78
Npional Les! Corp.
Twentieth Century Fox Fin
37V 1 P.
11.30
12.45
對話
Union Carbide
Wellingtos Fund
14,12 13.39
Norfolk & Western Ry.
50**
Union Oll of Cal.
47%
Union Paclike Railway
A great deal of progresa been made since the wur promoting development in countries where the standard of living is low and the work in this old seems likely to grow, There are, however, two matlers which should like to mention as it seems likely that they will become increasingly important in the future,
has
in
#
417
United Aircraft
United Fruit
TIP
United Gan Corp.
U.S. Foll "B"
2012
U.S. Gypsu
A0
U.S. Steel
38%
11415
BAZA
Phillip Morris
Procter & Gamble Co.
20
to
Pittsburgh Plate Glass Publicker Industries Pure Oil
DO
101
Redio Corporation
6212
Woolworth (C. W.
*
Zenith Hadto
Republic Bicel
709
Profit-taking in sume of the recent favourites also brought few losses In to the list. Thiokol, Paltroli and Vick were heavy losers.
On The American Stock Exchange, priets roge mmartly la "Fortunately," arid Mr Tunel, the most selive trading in more "as forbeast by my predecesser † than 20 years. last year, the trend of British Government securiss
the
was up-
ward, if perhaps at a slower pace than we hoped to see, and as a result it was not necessary to allocate any further sumy for the purpose of writing down the value of our holdings."
Shureholders at
Extra- ordinary General Meeting inst month approved the increase of of the the nuthorised capital Bank from $50,000,000 10 $100,000,000 to enable the neces sary shares to be issued to the shareholders of the Merecotile Bank Ltd, said Mr Turner. This offer was accepted, he added.
Offer Extended
Sales today of 2,870,000 shores were the highest since the 3,001,400 re- corded on November 5, 1920.
Today's volume was 4,090,000 shares,
Of a total 1,207 shares traded 570 were higher and 416 lower. American Exchange volume was 2,870,000 shares.
Bonds volume amounted $6,200,000.
New York Central
North Amer. Aviatiesi
North-west Airlines (Com).
Olin Mathieson Oils Elevatora Owen-line Glass
Oxford Paper Co.
Puelle Ca & Elec. Pan Aunerican Airways Paramount Pictures Parkte Davis Co.
Penny J. C. Ch, Penn. Bull Co.
Dow-Jones closing averages Radio Corp. Prof.
were:
ilustale TATS...
15 uities
a lucka
40 bands
Comm. future price ind
Closing Prices
The expiry date of the offer! Aids Inc. Acy,
was extended to March 6 and
UTI thut date the Hongkong |
Bonk hetd 07.5 per cunt of the
Total surd=capitolo
· Mercantile Bank.
Mr Turner sald that the after included a cath alternative and of-the-2390/201 •shares of the Mercantile Bank, which werd by the not at the time held Hongkong Bank, acceptances for cash numbered 406,142 and for shares 1,003,030.
It was therefore necessary to issue 05,101 shares and thus in- crease the paid up capital of the Bank to $61,887,025.
The Chairman sold that the Bank
steps to would take acquire the outstanding balance and that the paid up capita! would be subject to a small increase as a result of the issue Inte cshares in respect of acceptances and of allotments,
Adopted
The Cholman proposed the
Allied Chemicals Alled Maile inc. Alla Chahners
Am. Brake Shoe Battlesag Arkeo
Cable & Radio Corsi American Cyanamid Co. Amor. & Forgn, Power Am. Gas & Electric Am. Home Prod Am Mch A E'dry, Ananean Kit
America Amseting Am. Sugar Re American Tei, & Tel American Tob, "n Anaconda Copper Armco Steel Annour.......
Atlas Dors. Miring
| Baldwin-Lima-Haiti, Baltimore & Ohio
613.75
164.10
13.58
211,00
17 94
144.00
4012
Yesterday's Closing
US. Line Co
V.S. Rubber
U.S. Smelting
US. Steel C. PE
Warner Bros...
Waukesha Motors
Westinghouse Air Brake
Westinghouse Electric
Western Union Tel. Co. West Va. Pulp & Paper
Winn-Dixie Stures
The first is the necessity for the less developed countries
Agreed Merchant attract foreign private invest-
Rates
Canadian Dollars Maxhnum Selling 10.13/16, Minimum Buy- ing 17 1/10 T/T; 17 % 0/D.
Swins Francs Maximum 39 Selling 74 13/16.
5526
2691
U.P.I.
West German Deutschemarks Mexhnum Selling 12%.
Belgian Francs Selling 863.
Maximum
COMMODITY PRICES
02
FOREIGN EXCHANGE
Hetttotniani kouse tërin:
April
2321-20
May
20-20
June
April June
M`rch, April and May.
20-24 251-201
2516-2376
Zatate crepe thin
April
Extate crops thlak
LONDON
Closing rates were:
2.014-2.01-3/20
3.73-2.71-1/18
10.0136-100)
140.00-140,0
10.35-19231 13.70%-18.701.
Other unchanged.-U.P.L
New York
Montreal
Amsterdam
11
Birel
Copenhagen
Beneficial Finance
27
Frankfurt
Bendix Aviation Corp.
113
40!
78!
41
551,
Benguet Conn. Bethlehem Steel Boeing Airplane Borden (The) · C». Murroughs Add Machina Calif. Packing Corp. Campbell Soup Ch. Cantadlat Pacific R.
Case (3. 1.) Co.
Cat. Tractor
Celanese Corp
CIT. Financial Corp. Chess Manitat. Bank Chrysler Motors
adoption of the report and Cluelt Peabody statement of accounts,
This
was seconded by De S. N. Chan
and carried.
Mr Tang Shlu-kin proposed |
Colgate-Palmolive Co. Colombian Carbon Co. Commercial Credit Commonwealth isc.
Consolidated Eduon
and Mr J, Eitzen seconded a Continental Oil of Del, motion that the retiring Direc-w Zeberbach
tors
Mr D. T. Flanagan,
Cuban Amer. Sugar
Dimmers Alkut
Douglas, Aizenalt Dow Chemicala ven Durant de Nemours Eastern Airline Kazime Kedak .............
Mr H. D. M. Barton and Mrmand Gard
R. J. Shoppard, be re-elected. Carried.
Mesara Peat; Marwick, Mit- chall and Co. and Messrs Lowe, Bingham and Matthews were re-elected auditors at a fee of $40,000 each on a metien put by MQ. D. Bmart and seconded by Mr J. L. Marden.
Exchange Rates
Business was dotie In the legs! unohdet exchange Market UA marine at the following rates:--
U.B. dollar (per 1).
Sterling, notes (per (C3)
detallan notes-iper R}} -
Angioresian rupiah (per 100 j
-17kern clouds {{{(per 100)
dingspore (female)
1994
El Paso National Cas Fury: Finance Crap
resiion, Tyre de Rubber First Nat. City Ezek Ford Motor ******
deerst Dyn
Genértá. Electio Ouneral Feod Cheral Motors Can Pub. L. Ga. Tyre & Rubber Getty Oil.... Olision Co.
Goodrich [3. F. Co,
Goodyear Tym
Gruzinas Aircraft Gulf Oi
· Hammond Organ
Heyden Newport Corp.
Hometals Mining Co. Linho Power
109
312
Dal
301
154%
RUBBER
NEW YORK
Rex rubber futures today closed eight lower to two points higher with sales of 52 con- 5312 tricts,
Cloring prices: March 31.00 bld; 4012 May 31.30 blay July 31.35 bfd: Sept. 3120 bid: Nav, 41,49 traded: Jan, 41.33 id: Meron (1920) 36.45 tratea.
AMSTERDAM
4114
9942
00
OTA
The rubber market was easy today. Prices closed in guilders per kilogram, cif March as follows:
No. 1 rubber.
2334
No. 2 rubbeI
No. 3 rubber
18.33%
No. 1 crepe
30
1401
231 nant. 2.4D 14
2.18
2.65
SINGAPORE
The market opened lower on reduced overseas advices
cased further on profit-taking and up-country liquidation.
4013 | No. 1 rubber por ib. Mar. 8811⁄2-Ma
"General-markets, el bus part
April
27;
2712 -U.P.1.
COTTON
Prices
NEW YORK
of
futurca
cotton closed today as follows;
Rpat: 23.65 cm: Mar: 33.15; May: 35.33: July 21.50-37; Det: 32.30: Dec: 31 99 Mar: 31.59; May: 31.94: July: 30.01.
NEW ORLEANS,
Prices of cotton futures closed today as follows:
Spot: 14: Mar: explend; May: 15.35: July: 34.89: Out: 12.29: Dec: 31.99 Mar: 139; May: 3112; July:
30.91.
LIVERPOOL
SUGAR
NEW YORK
World No. 4 sugar futures today eldsed unchanged to two points lower with sales of 135 contracts.
Domestic No. 6 sugar closed unchanged to two points higher
with sales of 20 contracts.
Contract No. 4 (world) May: 3.07; July: 3.13; Sept: 517: Or: 3.17) Jan: 3.22: Mar: 320: Mey: 3.21 July: ung: Spot (cents per b. fob Cube): 3,0.
Open interest; 0,601 contracte.
Contract No. 0 (domestic) May: 8.30; July: 3.0; Sept: 0.05; Nov: 6.07; Spol-(cents per ib, cif NY ex-duty): 5:35.
Opeti V.ri.
interest: 3.034
contracts.
METALS
NEW YORK Prices of metal futures closed
Cotton future closings, in today in cents per lb. as follows:
pence per lb, were as follows:
tober/November
May
Copper Merch
11.00
11.20
10.00 10400
334 /30.20b
100.20b
ment. Since the war a large part of the capital these coun- tries have received has come from governmental sources and international agencies, which have to a large extent taken the place of the private investor. This a development with which I should not wish quarrel, and in many cases the required could large amounts nct have scurte.
to
come from any other
Thers still remains none the less a role for private capital 10 play, particularly in the without supporting industrite which any broad basis of in- dustrialisation 19 Impossible. Not only that, but private has one advantage over institutions! capital in that there 1s Jess likelihood of the repairintion of the original investment and provkita"/"the venture i succesful, a portion of the pro- fits will be ploughed back cach year for future development,
New-Markets
I would seem therefore that are short of countries which
Gwn capital should, In their interests, moke every effort to SCC Unat D
climate suitable cxists which will encouragu foreign private investment, This
I am afraid is hot always the case and, making due allowance for
Ex- the fear of foreign ploitation, I am sure that the present polky of rome countries 15 most unwise,
The
concerns
the which industrica to be able to find markets in
they which
sell their
These manufactured goods. will bo to a large extent in countries where the purchasing power is high and yobably in competition with existing home industries. It is here that the more highly developed count- tries can help, but from our
Hongkong experience in outlook is not too promising. I do not underestimate political dificulties, as it is cbylous that pressure will con- tinue to be applied on govern- ments
give protection to their own industries.
second necessity for countries are selling up new
to
the
the
Nevertheless I am sure that,
if it is the policy of the Wes- 1287b tern nations to encourage deve- lopment in countries less for- tunately placed, then it will be Prices of metals closed today necessary for them to go fur- In sterling per long ton follows;
American Contract
Lerd March
March/April
May/June.
21.10
20,10
Zinc
May Much
December/January
March/April
10.00
Tun
May March
and
Mixed Contract
May
March/April'
22.00
LONDON
May/Jona
April 1945-804)
Gotober/November
10.00
100.00
No. 3 rubber per 1. Mar. 87-8716
No, 2 rubber par 1b. Mar. 23-00
March/April
18.00
12044 Blanket erepe
57 Spot 1ubber unbaled.... 0731-0935
No. 4 rubber per ih. Max. 8394-0035
SAO PAULO
Tin pat
70-TEX
1175
20%, 1 pale crepe
3-month
02-93
4415
LONDON
age price of one-inch cotton at
Пэррег прод
mcnth
ช
11
4016
Kap
201
40
July/August
December/JAKLEY
All prices unquoléd today,
In the United States, the aver«
|14 designated spot markáts 'was | Gasd let half starch.
The rubber market, was very |38.34 gants. 48% qulat with spot quoted ai 20
panco por 15. Prices
Total sales were 22,155 dales. 484-199 hail March. -0.2.1.
Junk an
*s
their open up ther and to
of thie
pro- markets to some ducts which this development Buyers Bellers will cause. Aid, hpa been given on a most generous wale In recent years and' hoa, achieved be seen 2801much. It remains to
whether the same clightened attitude will be adopted over the more difqult problem of trade.
2001/
*
*
5. .
Brighter conditions. COTTONS"
Prlees conting 10
harden,
$1,001,000.
T/O:
Text is
Nanyang
VIUNO
INVESTMENTS
Allied
P.O BIE&A
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
DUE D.K.
15th Mar 10th Mar,
בום
BUTWARDS
SALSETTE" "SUNDA" "CANTON"
LEAVER UK.
Salled 0/2 Salled
failed
2/3
1st Apr.
"SALMARA"
Sailed
2fst Apr.
#
"SINGAPORE" "CORFU" "CHUSAN” "COROMANDEL"
13th Mar.
12nd Apr.
3rd Apr.
4th May
11th May
HOMEWARDS
*
★
"CARTHAGE" "CANTON" **SUNDA"
"HIMALAYA”
"CORFU" *"SINGAPORE"
"CARTHAGE"
(1th Apr. #Th Apr.
LEAVES HİK.
3rd June
DUR LONDON
13th Apr. 17th May 25th May
26th May
5 p.m. 13th Mar.
Noun 10th Apr. p.m. 18th Apr, 10 pm, 20th Apr. Nook Bih May
Bih June p.m. 18th May 24th June
11 July Noch 11 June
Via ''pore, Penang, Colombo, Bombay, Aden à Ft. Sein.
"SUNDA" and "SINGAPORE" omit Colombo & Bombay, and extend to Hamburg, Rotterdam and AntwerD.
BRITISH INDIA S.N. CO., LTD.
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"HAVILDAT}" "T" Fótr
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anilo 231 Mar.
"BANTHIA"
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1er Singapore. Penang. Rangoon & Calcutta from Japan
dos 2nd Mar. anila Kird Mar, for Calcutta, Rangoon
& Strails
P. & 0./B. 1. JOINT SERVICE
"OLINDA"
Gus 18th Mar.
jalla 18th Mar,
"OKIILA"
due 17th Mar Late 18th Mar.
"URLANA"
"ORMARA"
duo 23rd Mar,
* 2411 Mar.
due 3rd Apr, 11 4th Apr.
fiom Bombay, Cochin, Tullgaria de Singapore for Japan
from
Japan & S'pore for Singapore, Bombay, Karachi, Dubal, Kuwalf, Basrah & Khorramshahr
from Bombay, Cochla
ingaporo fat Jadul
from Japan
for Bingapore. Pertang
Madras "Mangalore, Dombay. Karachi, Ku- wait, Gaurah & Khor. ramitithr
EASTERN & AUSTRALIAN 5.5. CO., LTD.
"ARAFUBA"
"EASTELN"
due 29th Mar, from Australia' saus Alat Mar. for Japan
loads and Apr.
anlis 3rd Apr. for, Labuan, Sandakan, Brisbane, Sydney, Mal- bourne & Adelaide
Al variels have Uberty to exli at any parts on of off the rente a the route à BRŪNgo Kre subject to charge or amendisyne with an without noties.
for full particulars upply to : MACKINNON. MACKENZIE & CO. OF HONG KONG LTD. Telephone Nos: 27721-4.
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