CLASSIFIED ADVERTISING
20 WORDS $2' FOR ONE INSERTION PREPAID, $1 FOR EACH ADDITIONAL INSERTION, ADDITIONAL WORDS 10 CIS, PER WORD PER INSERTION
IMPORTANT. At Wednesday evening devotional
NAT CITY BANKI
service at 7.30 p.m. in St. John's REOPENS
Cathedral to-day, the preacher
will be the Rt. Rev. the Lord IN TOKYO
Bishop of Korea. All Service- men specially invited.
REPATRIATION NOTICE No. 70
Washington, Apr. 2.- The State Department said: yesterday that the Tokyo branch" of the National City Bank of New York has been permitted re- open with operations limited and solely related to the needs of the occupartment statement
said: SS. STRATHMORE" le che ro-opening of the bank is odices for Box Non, 23, 85, 86, pected to leave for the United Bential for military reasons and Kingdom on the 3rd April, 1946.
Replies
47, 62:
$2
are awaiting at our:
The undermentioned, arp listed for ombarkation!-
thia
action
should not be
be consider- ed a relaxation of the
general ban on the entrance of private busi
THE CHINA MAIL, WEDNESDAY, APRIL 8, 1946.
Interest Rates Lowest Ever
NEW YORK, ÁPRIL 2. SHORTAGES OF ALMOST EVERYTHING BUT MONEY IN 1946 HAVE RESULTED IN THE LOWEST INTEREST RATES IN HISTORY, BEING PAID PEOPLE FOR USE OF THEIR FUNDS. BILLIONS OF DOLLARS 'ARE
BOUNCING
AROUND THE IDLE THIS HAS INTEREST
SEEKING AN OUTLET. BUT ALL OF FUNDS CANNOT FIND A PLACE TO GO. PERSISTENTLY HAMMERED DOWN RATES.
Very little can go into long- coveted war-short consumer Is
goods because not enough deal
WANTED KNOWN
AVOID disappointment. with Mode Elite, 22 Queen's Road, Central. Everything retalled at "Wholesale" price, including la- vishly carved teak-camphor-lined made, a -chest, warranted prewar
of "Finest magnificent collection Sille Soochow embroidered dress pyjamas, kimonos, etc. smart hats, rubber girdles.
Kowna,
PEAK TRAMWAYS COMPANY, LIMITED
Dr. J. B.
Mis.
N.Y. STOCK - MARKET
available.
of
of
Coal Strike Halts All Shipments
Washington, April 7,
which began at Sunday mid
JARDINE, MATHESON & CO., LTD.
Mr. & Mra. G. P, De Martin, ness interests into Japan at this time, made necessary by the lack Miss L. E. Heang, Mrs. A. of housing. food and by the gone
Huge sums do find expression Jones, Mr. & Mrs. K. E. Jordan,
rally unsottlod condition." Mr. & Mrs. J. & MacDouall, said the bank would not be por-in heavy attendance at theatres, clubs or other places Mr. S. Mason, Rov. Jackle F. Gand banking.
mitted to carry on "commercial night
amusement, recurring Activities." Mr. R. P. Phillips Nigel, Mr.HH. Priestley, Mr.
The statement added that other records in retail sales and ris- Mrs.
American barica prepared to Ing demand for stocks and other E. Roth, Mr. F. Shart, Mr. & Mrs, E. W. C. Simmonds, Mr. Opte in Japan" under the same investments.
por- conditions can apply for
Substantial. purchasea Boulton, Mr. Cadol and two mission to open or re-open bran-stocka and bonds have caused a G daughters, Mr. & Mrs. Wiches in Japan.--Associated Press scarcity of securities. Prices The strike of 40,000. Velted States W. Colledge, Miss G. Hutchison, Mr. & De Ville,
have gone so high in the four-miders. I.
year-old bull market that yields laht, will end all shipments of coal- F. D. Foster, Rev. J. Mrs. Guntoni, Mr. S. Harber, Rev. R.
As the loading of prescat supplies have on investments are considerably whether for relist or purchas & Mrs. W. E
lower. Harris, Mr.
Government been completed,
officiale C. Hollands, Matr.
This terrific accumulation of stated here tonight Bupplies in porte Hollanda, Mr. C.
Hollande, Mr. 8. Johnson,
money becomes more harassing are expected to be exhausted within! Mrs. D. Munslow, Miss B. K.
every day to varied segments fortnight, Kristinkovich-Kovach,
Little hope is held here of solution Rev. H.
of the nation's economy. O'Brien, Rev. A. Rossello, Mr.
New York, Apr. 2. A. P. Tarbuck,
Stock prices were slightly lower) Banks, insurance companies, of the dispute before supplies are ex- hausted, although the Government medis. Mr. P. Tester,
lor today initiated acusalons in Wash Mr. H. C.
Mrs. M. in the New York market yester. trust fund administrators and Watson,
J. T. E. A. day with light liquidation affect-other institutions are vigorous-ington with both sides in an effort to Akerholm,
to the U.S. Trea- break the deadlock, Gunderson, Biau, Mr. & Mrs. 0.
ing steel, motor, rubber, railroadly opposed Miss K. Huber, Mine B. Klor- kars, Mr. E. Ott, Mrs. H. C. Van Vliorden, Bir. & Mrs. Zindel and daughter, Miss S. Brunger, Mr. W. E. Baker, Mr. E. S. Brooke, Mr. J. S. Brown, SON, Mr. T. J. Byrne, Mr. Chak Fuk Mr. Yat, Mr. Chong Kai Tuan, General Managers.
Suikay. Mr. M. M. Clark, Hone Kong. 25th March, 1946, 4
NOTICE is hereby given that an Ordinary General Meeting of Shareholders will be held at the -Company's Registered Office, Alexandra Building, Hong Kong, -on Thursday, the 18th April,) 1946 at 12 noou for the purpose of receiving the Report of Direc tors together with a Statement of Accounts for the eight months endel 31st December. 1941. JOHN D. HUMPHREYS &
NOTICE OF REMOVAL
The Jardine Engineering Cor- poration Ltd. has removed to First Floor. No. 14-16 Pedder Street.
Telephone No. 30511-- All Departments
Telephone No. 39310--
- Lift Service
NOTICE
We the undersigned have as from 1st April, 1946 commenced business in partner:big as Marine Surveyors, Consulting Engineers and Naval Architect, under the firm name of GODDARD AND DOUGLAS at Alexandra Build- ing: Des Voeux Road Central, Victoria, Hong Kong. -
S. K. Heiberg. MIN.A.
Captain James Wood
O. F.ngalsen, B. Sc.
REPATRIATION NOTICE No. 69
S.S. "BONAVENTURE" is ex- peeled to leave for AUSTRALIA on the 3rd April, 1840.
The undermentioned are listed fon embarkation:--
Major C. K. H. Begley, Mr. V. M. Benwell Mr. E. M. G. W. MacFarlane, Hanlon, Mr. Mr. J. R. Sykes, Mr. Tang Ying Lam, Mr. C. E. Wong, Mr. F. V. Wong, MTS, I. t. Low and three children, Dr. & Mrs. K. C. Yea and three children, Mr. Geo. Mar, Mr. Geo, P. Mar and Master Jas Mor, Mr. Ellis Josoph.
H.K.V.D.C.:
'
Lt. & Mr. R. Sleap, Cpl. I.! G. Sullivan, Spr. A. D: Wong Yee, Mia Roso Gock Honoon. and Mstr. Guy Gock Honson, Sgt. N. Vargassoff.
HONGKONG passengers
Chan Sukas. Dat
Mr. A. Kim,
C.
G.
Mr.
*Ly
R.
and metal issues as operators sury's policy of keeping interest sought to appraise the effects of rates low. the coal strike.
Losses ranged from fractions to above $1 a share. Over a million shares changed hands during yes. terday's session.,
Some
Public Debt
Apart from Its effect on the home reconversion programme-steel blast f naces being extinguished, through luck, of fuel the stoppage will undoubtedly have reveres repercusions on the export flow. especially there are only 28 days do corporations welcome mesila supply available in the country
81814 Department, and Solid Fuel Ad Prices at the close of the mar-the policy because they can float ket were as follow:
Hecurity issues at lower interest ministration oficials confirmed that the only coat avaliable for Europe will be rates and pay off previous loans that now en route, or about to be loaded, for funded debt which cost them A falling oft in shipments will be notice-
many more dollara
in interest able in matters of days.--Beuter 67% charges.
Mr. Adams Express
II. Murray, Mr. D. M. Alasak Juneau Pockson, Mr. A. Popple, Mr. W.
W. American Can
Mar, 29
Apr.
$ 21
$ 21
05.
9
0735
E. Rothwell, Mr. P. H. Scoones, American Smelting 67% Mr. F. Tyndall, Mr. J. J. von American Telephone 100 Muhlen. Mr. Wong Chung Ngar, Mr. P. F. X. Baldesberger, Mr. Mr. H. Thorgersen. Su
Huck, Mr. Ho Mr. Yap Lang Tat, Mr. Shum That Wah, Lang Tat,
Sak
Mr. Siew Loon. Mr. Tani Barnsdal
Kong Mr. Chen Toon
103 Chen, Mr. Leong Bethlehem Steel
Mr. C. T. Mow Pei Kin, Bocing
Chak Walt,
Birt
Hing. Alise
Wong, Mrs. Tar
Miss D.
Mrs. Tan Poh Kong, 1. 1. Case
Mrs. Chiapoh
Mr. Colgate Tan Peng Hal, Mrs. Linu Geok Corn Products Ah, Mstr. Teh Bee Kuan, Mstr. Co
Commercial Solvents. Feh Bee Leong, Msir. Pch Been Dupont
J. A. W. Eastman Kodak Hong, Mr. & Mrs.
Electric Withers, Mr. C. Carr., Mr. Pang Pang
Power and Mr. Wai Loong
General Electric Cheong Wing.
ILK.V.D.C.:~
General Motors Goodrich Goodyear Homestake
International
Harvester International Paper, International Tel.
BRIDGE NOTES
Not every bid in cando is expectation round figures. Approximately of eventually becoming Doclarer. An be unusual bid, unod solely for defensive 52 two percent interest must 103
purposes, la shown in today's hand:
North, Dealer
If interest rates slowly edged- upward to 4 percent, for exam- ple, it would lift the annual in- terest charges to $12,000,000,000 62% yearly-about the same as the 22% total public debt in the war year
1918.
Arguments Against
Opponents of the policy sum
up the case this way:
North-South vulnerable
聯
B. AK 76
H.2
D. K J 5
G. AJ 10 63°
5. 83
B. 57
H K B S
N
R. AO 10
D. A 8 7 6
W
9 7 4 3
2 3
S
D
Q. 63
1. Law, interest rates stima- iate. inflation and rising prices may cost the taxpayer much 021 more than any possible savings.
through reduced intereat North charges.
B. QJ 10.94
190
American Tobacco
924
Anaconda Copper Armour
Aviation Corporation Daldwin Yen, Bendix
likes it be- The government 92% cause of the tremendous publie debt on which interest payments
· 4814 14% 14% must be met every year.
11% 11%
The public debt today totals 32% almost 124
$300,000,000,000.
in
29
20%
52%
Κα Hon Kwong, Mrs. Chang Borden Co.
Miss M. Wong,
33
33K
62%
paid on this yearly, or roughly 62% $6,000,000,000.
Canadian Pacific
10%
19%
48
43
Tan.
Tiang, Mr. Tan
Chrysler
129
1.29
Peng Song
· 50
60
624
20%
198
197
244
Light &
24
2452
46
47
7.2
72
861⁄4
80
BJG
714
7315
D. Q 10 9 4
GO!
GO
C. K7
92
The blading:
45
45
Bouth
West
10.
1 H.
24
25
153
7044
5414
5t
2. It pénalizes aayers and in- FO vestore many of whom are "In 48..
08.
4D.
18. Dbl.
TH.
Pass
Pass
Pats
Dbl.
PERD
Pa
92
the lower income groups. These P
7234 38
71
27% 10%
27
22
13%
L
16
8815
43
·
86: 43% 35
36
104
81%
་
GO
51%
69%
20
312
31
31
81%
111%
The
· 70
70% money
82%
3444
Pte. & Mrs. F. F. Duckworth.] Mstr. F. Duckworth, Gar. M. Benjamin, Sat. & Mrs. G. W. K. Crawford,, Sgt. & Mrs. B. W. Simmons, Mrs. H. J. ilunt and daughter. Lt. Wm. Stoker, Pte..
& Tel F. W. Hollands, Mr. A. Pen-
Johns Manville jamin, Mrs. V. Clayton, Pto. Kennecott Copper Kon Jiak Chong, Pte. Tan Boon Montgomery Ward 92 Check, and Pte. 13m Thiam Tet. National Distillers 11.Q. LAND FORCES REPA- National Lead
New York Central TRIATION SECTION:
R.R.
Lt. M. Bailey, Mrs. A. Brown, Packard Motors Miss Brown. Mr. J. Camp Pan American bell, Mrs. Clayton, Matr.
Airways Mes. Clayton, Miss Clayton,
Pennsylvania RR Devlin, Mrs. Fredlander, Mrs Radio Corp Judge, Matr. Judge, Mrs. Olsen Real Silk
Republic. Steol Mr. & Mrs. Proud, Mist Proud, Reput Mr. Spaulton, Mr. Suzle, Mr. Reynolds Tobacco Van Der Boogard, Mr. F. R. W. Schenexorbuck
Sears Barratt, Mr. A. A. G. da Silva, Mrs, Mundey. Miss Munsey, Shell Oil Mrs. K. Bishop, Mra: Price, Mrs. Bodony Vacuum
Southern Pacific Mrs. S. Quinn, Mstr. Quinn,
Butterworth, Mstr. Butterworth, Standard Brands
M. Gonella. Airs. G. V. Standard Oll of
Capt. B. Gill, Mr.
Mr. A. R. Leonard.
Mr. H. A. Soares, Mr. Barton,
e ved
at of New
Mr. A. Prata, Mrs. E. Osborne, Studebaker Miss Osborne Matr. Osborne, Union Bag, Mr. Buen, Mr. A. 8. Ismail. Union Carbide Sgt. W. Lubeck, Pte. O. Coelen, Mr. Chang Kwok On. Mrs. Chang, Miss Chang. Mr. Lank Kock Li
HONGKONG развендета will
U.S.-Rubber US Steel
individuals and corporations are East's bid of four diamonds was of 38% the same ones who furnished the type usually rosearod for Blam fries,
funds for financing the war.
49%
but in this cano Kast had no such do
lusions of grandeur, As a matter of 3. Savings to the government fact, Bart wom's sure he could make 10% by depressed interest rates are even four hostia, but he was ready to only a small fraction of what play at that contract rather than let could be saved by practising the opponents make four spades.
West had no trouble reading bis 17% economy in other expenditures
partner's bid. The opponents had bid 24% and loans.
too strongly for hit partner to be in terested in a Biam; beildes which Eany's simple overcail: on the frei round. de plod any great strugih. Furthermore, East dould zot hero # rial dlemond suit, sice in that ease be would bare no reason. to show it after having ogrod on hearts with West.
37%
4. Endowed educational and 41% charitable. institutions have suf- 85% fored substantial losses of in 43 come and some are now
financial straits.
106
in
6. It discourages the transfer 61% of government debt from: the 50.
hands of banks to private inves- 41% torsone way of reducing the
money supply.
Enormous Backlog
enormous
of
at
in
backlog has been estimated 82% 200 per cent higher than 344
1939. A terrifle chunk of ap Sheet &
38% proximately $200,000,000,000 In 67 N.Y. Foreign Exchange cash and negotiable securities is four times as big as $60,000,- assemble at Queen Pler at 12.00 market closed as follows: will noon on Wednesday, April 3rd Canadian, (Open market) 00.84000,000 in 1929 Just before the
crash: assemble at Queen's Pier at 8.00 1948, and KOWLOON passengers France a.m. an Wednesday, April 3rd 1946, will assemble at Naval Landing Argentins
Star Ferry and Moxico and KOWLOON passengers will Bass (between assemble at Pier No. 6 at 8.16 Howloon Godown Wharven) amo await Embarkation Officer, 12.15 p.m. to Awalt Embarkation
Officer. Passengers must NOT board the vessel without first obtaining Passengers must NOT bdard the their embarkation cards, which vessel without firai obtaining their] will be issued at assembly points. embarkation cards, which will be
REPATRIATION OFFICE. ued at assembly points.
REPATRIATION OFFICE. Hong Kong, April ir 1940,
Hong Kong, April 4, 1940,
845
24.45
20.05
atAssociated Press..
N.Y. COTTON
BRITISH INDIA STEAM NAVIGATION CO., LTD.
Steamer
Ready
Loading For
Calcutta
· EMPIRE TRAIL about 7th April.
For full particulars apply to MACKINNON, MACKENZIE & CO.
Telephone Nos 27721-4
In the play, west led the diamond aca and followed with another diamond. East fumeg. Eat her selurued a low keart, and West gol the lead with the heart King to give his partner an- other diamond ruff. The contrast was thus pot idisk, but it would have been made except for East's lead call ing bid. For normally Wast would a lot the Ring of hearts, and affor that no defence would avail,
· •
•
1-
Yesterday you were David Bruce Burastone's partner and, vulnerable against non-vulnerable opponents you held:
B. A Q 10
H.48
It is more than 50 per cent
D. K 72 higher than the 1945 national
C. JB 43 income, which is about the same
The biddlog: in 1944
Waloz ...
You aa $160,700,000,000
Jacoby Barnstone
10.10 10:
18. (7) against $70,800,000,000 in 1939)
ANSWER Bid two noktumy, and $81,600,000,000 in 1929. *...
Meanwhile, bond prices con- There aron's enough high cards in the tinued to advance with yields to dock to justify all the bidding, so New York, Apr. 2..
is your partner, your his, give him Pricts in the New York Cotton investors growing correspond-body has made à perchio bid. If it little leeway. Dat.lf your partner han kralue for his hid, he will appreciate the Futures market were highor vestingly, smaller. terday supported by mül buying Press.
ehrength of your hand and will bla gars, against textile orders..
Score 100 par con's for two no-trump, Quotations at the close 15.
WOTE
60 per cent for three no-trump, 40 per follow! 27:67
cous for double, 20 per cent for three conta per pound -May-
darsonds. 27.62 October. 27,68
Associated Press.
WHEAT PRICES,
Winnipeg, Apr. Quotations at the Warniocg Wheat Exchange stood at the cloco of yesterday's market as follow- MAY 247 por bushel
Uctober
1959) Associated Prosi,
-Associated
San Francisco, April 2. Eleyon
hundred bales Japanese raw silk are scheduled to arrive here on Tuesday aboard the steamship Trinity Victory. Associated Press
fons,
QUESTION
To-day on ard Onweld Jacoby's partner and, with holly skies valuerable, you hold,
Washington, Apr., 2
„PH, Q 10 7:4.9 The United States production
MAD. X 9'8 of newsprint in February totalled.
C. X 9.4. decrees of 5,059
The bidding- but unlins Facoby ・・ Schenken nusry,
tona over: Tebruary 1D.
18. mal Cums
What do you 1840-To-merton).
[Anawor
SHIPPING DEPAITIMENT 10 Pedder Street
Tel, 30311.
General Managers.
INDO-CHINA S.N. CO., LTD.
SAILINGS
SS. WINGSANG (No Deck Passengers) to S'HAT 4 p.m. 3rd April ARRIVALS
38. YUENSAN S.S. WOSANG
'8.3. WINGSANG
S.S. KWAISANG
IN PORT
from Bangkok 3rd April from Shanghai 9th April
HK. Praya Kowloon Dock
All the above subject to altoration without notice,
All intending Passengers are reque ated to register their names as far a posatble in advance of the time at which they wish to leave.
M.V. GLENOGLE
Agents:
THE CLEN LINE LTD.
from United Kingdom End Avril PRINCE LINË LTD.
M.V. SCOTTISH PRINCE
from San Francisco Early April
Managing Agenti AUSTRALIA' CHINA
LINE.
BUTTERFIELD & SWIRE
AGENTS:
CHINA NAVIGATION CO., LTD.
9.5. "TSINAN”
SAILING TO SHANGHAI
SAILING TO TIENTSIN VIA SHANGHAI
4 p.m.
6 April
8.9. "KWEIYANG"
8.9. "FOOCHOW" S.S. "KWEIYANG"
S.S. "HANYANG"
Via Northern Ports if su ficient inducement.
SAILING TO SWATOW & AMOY
SAILING TO SINGAPORE
4 p.m.
8th April
Νοση
0th April
+
4 p.m. 5th April 15th April
SAILING 'TO CANTON
8.8. "FATSILAN"
8.00 a.m. 3rd April
Subject to alteration without notice.
For Freight and Saloon Passages all lines, please apply to:-
BUTTERFIELD & SWIRE
Connaught Road, Central, Telephone 30331 (Frivate sxchange)
For Passages other than Saloon to Coast Ports and Singapore,
please apply to:
127,
Messrs. NAM TAI
127, Des Voeux Hond, Central: Telephone 20118
For Freight and Paasages other than Saloon by 3.5. "FATSHAN,”
please apply to:-
THE CHINA TRAVEL ŠERVICE: Telephone 31110.
BLUE FUNNEL LIÑE
SAILING TO U.K.
"Lycaon" sails for LIVERPOOL via Straifs end April.
VESSEL DUE
"Lycaon", from UK. via Straits Mid April.
For Passage and Freight Particulars. -
apply to:--
BUTTERFIELD
SWIRE, AGENTS
Telephone: 30338..
AUSTRALIAN-ORIENTAL LINE LIMITED.
5th April.
"Samidway" expected to arrive from Australia on or about
For particulars apply to:-
BUTTERFIELD & SWIRE, Agents."
Telephone 80838
The East Asiatic Co., Ltd.
of Copenhagen.
OUTW ARDS:
"Mongolia" due at Hongkong: dus at Hongkong 1
4HOMEWARDS: A
“MONGOLIA
loading here end of April.
Port Said, Antwerp, Rotterdam,
and probably Oslo, Gothenburg
For furiber particular apply to
about 10th
middle of
The East Asiatio Co., Ltd.
Queén's-Bldg., 2nd floor,
Tel. 34111 & 34118,
No comments yet.
Private notes are available after approval.