1946-04-12 — Page 7

CLASSIFIED ADVERTISING

WORDS #2 FOR ONE INSERTION PREPAID, $1 FOR EACH ADDITIONAL. INBERTION, ADDITIONAL WORDS 10 CTS. PER WORD PER INSERTION

-$2

Replica are

awaiting

at our

-offives for Box Nos. 47, 62, 70,

WANTED KNOWN

UNION INSURANCE

SOCIETY OF CANTON, LTD.

Mr. H. Geary Gardner has beer, appointed Branch Manager in Hong Kong and will astumo charge of the interests of this Society and its Aliated Com- panies as from 11th April, 1046.

deal DAVID SASSOON & CO., LTD

AVOID disappointment, with Modo Elite, 22 Queen's Road, retailed at Deutral. Everything **Wholesale" price including la- hly carved teak-camphor-lined chesta, warranted prewar mado, a tagnificent collection of "Finest BI Soochow embroidered dress pyjamaa, kimonos, etc., art hats, rubber girdles.

POSITION VACANT

WANTED by an old established firm Elderly Lady Overseer, nge between 30 to 38 years, with knowledge of English and Chinese to take charge of male and female employees. State qualifications and salary required with coples of testmonials. Write Box No. 78, "China Mail".

FOR SALE

Tenders

invited for the AIO

one Refrigerating purchase of Plant (Direct Expansion). Makers: J. & E. Hall Ltd.

Dartford, England. Capacity: Approx, 8 tons driven by MeLaren Ricardo Diesel' Engine.

Capacity of Installation complete

with insulated chambers 90 tont.

Installation can be inspected on board 2.8. “Yuần Sang" at China Merchants What, West Point,

Tenders must be delivered to the Divisional Sca Transport Officer, Peninsula Hotel, Kowloon bafore moon on Saturday, 13th April, 1940.

BRITISH MILITARY

ADMINISTRATION.

HONG KONG

Department of Imports

& Exporte

IMPORT LICENCES

Importera

notified are

that export allocations from the United Kingdom of Cotton Yarn and Piece Goods for consumption in Hong Kong Woollen Yarn and Goods, Rayon Yarn and Piese Goods, Cotton, Wool and Rayon Knitted Goods and Knitted Fabrics, which have so far only been available

Government

THE CHINA MAIL," FRIDAY, APRIL 12, 1946.'

Britain's Budget Tory Criticism Of Tax Levels

LONDON, APRIL 11.. SIR JOHN ANDERSON, FORMER CHANCELLOR OF THE EXCHEQUER, STATED DURING THE DEBATE ON THE BUDGET IN THE HOUSE OF COMMONS TODAY THAT TAXATION IN BRITAIN WAS FAR TOO HIGH. THE FACT THAT BRITAIN WAS MUCH NEARER A BAL- ANCED BUDGET THAN MANY HAD SUPPOSED SHOULD CO A LONG WAY TO IMPRESS THE PEOPLE AT HOME AND ABROAD WITH THE STRENGTH AND RESISTENCE OF THE ECONOMIC STRUCTURE OF THE COUNTRY, HE SAID "BUT," HE ADDED "LET US BEWARE OF TRYING OUR PEOPLE TOO HARD. THE TOTAL FOR WHICH THE CHANCEL- LOR HAS TO BUDGET IS STAGGERING AND I AM MOST DISAPPOINTED OVER THIS POSITION,” The first essential to achieve, ly necessary to avoid inflation. ly heid a Power of Attorney on he said, was a balanced economy He thought that the Chancellor's behalf of this Company has ten-something quite different policy of atabilised prices

4 balanced budgot. might get the country into. dered his resignation which has from

Balanced economy was absolute- some trouble, been accepted with effect from 318 March, 1946.

NOTICE

Mr. Robert Stock who former-

Mr. Stock will accordingly no longer sign on behalf of the Company,

H.Q. R.A.S.C. HONG KONG

N.Y. STOCK MARKETS

A balanced economy and a balanced budget were not suffi- cient in themselves if the level of taxation was too high. If a tax-payer was flogged unduly he might lose heart and automatic relief through inflation might New York, Apr. 11.

be the An advance yesterday in the

only way to keep him New York Stock Market toward alive. fifteen-year higha was halted in a

That was the ever present session of irregular

essential danger and movements.

it was that taxation should come down. Sir John said that the policy of surplus and deficit budgeting could only be posalble on Tower level of taxation. It would be quite Impossible to 64.19 budget for surplus on taxation like the present 42.76 at anything

Motor and rail shares.

Of 1,015 saues traded, 440 de-

384 advanced. Al Tenders are invited for the pur- cin

clined and chase of the following craft as craft issues were unable to hold

advance. early W. S. Balley & Co., their they liont

Dow Jones Averago; Lid, Shipyard, Kowloon.

30 Industrials

(1) H.S.L. French, Hull and remaining fittings as lics.

(1) Steam

20 Rails

abe

15 Utilities

Adams Express

Vessel, Victoria. Hull, Engines, etc. As she iles.

These craft may be Inspected between the hours of 10 a.m. and p.m. on 16th and 16th April, 1946.

Scaled tenders should be for- warded to H.Q. R.A.S.C. VIC.

Alaska Juneau Atherican Can American Smelting American Telephone American Tobacco Amonds Copper Anaconda Armour Aviation Corporation Baldwin Barnsdall

Bendix Aviation

FORIA BARRACKS Aprit Bethelehem Stei on or before noon 17th 1940.

BRITISH MILITARY

ADMINISTRATION HỒNG KÔNG

Department of Imports

& Exports

IMPORT LICENCES

Canadian Pacific

Boeing

Borden Co.

J. I Chrysler

1. Case

American Waterworks

tal Solvents

Corit

Products

Eastman Kodak

General Electric

Central

Goodrich

$ 77.04 208.00

$ 23 level.

B

99

70

72

101%

Two things were casential to national recovery-reduced ex- penditure and increased com- petitive efficiency.

AYS

474

15

40

12

38m

Loan Gets

JARDINE, MATHESON & CO., LTD.

Over First Hurdle

Washington, April 11.

A loan of £1,100,000,- 000 to Britain was approved

SHIPPING DEPARTMENT

16 Podder Street

Tel. 30011.

Gonoral Managers.

INDO-CHINA S.N. CO., LTD.

SAILINGS

today by the Sonato Banking gs. TAKSANG (No Passengers)........to SWATOW 18 April

and Currency Committeo by. 14 votes to 5.

9.S. YUENSANG

The Loan Bill will go the SA, FOOSHING Senate where its advocates pre- S.S. WOSANG dict it will secure Д comfortable majority.

Senator Barkley, Acting

Chairman of the Committee, Bald he intended asking the Senato to open the debate at the beginning of next week. He forecast that the loan would be Senate by a approved in the substantial majority-Reuter.

SHIPPING *MOVEMENTS

Arrivala

Yesterday: 5.S. Floristan S.S. Frederick N. from Kure, Nowall and SS. Samcalia from. U.S.A. and US.S. Haby.

and

Scheduled Arrivals Today: James Buchannan from Hall Singapore, U.S.S. Carter from Shanghai, H.M.S. Whimbrel from Pratas, U.S.S. Hyades (AF 28), HAMS. Woodcock from Kure, USS L.S.T. 638 643 635, P.M. Kromviken from Singapore.

Tomorrow:-U.S.S. L.S.T. 208, H.M.T. Encord towing IG. 25, S.S. Changon from Bangkok and SS. Promise from Saigon,

Departures Yesterday!H.M.S. Apollo to

Kure,

to

Scheduled Departures Today: HMS. Argonaut Singapore, H.M.S. Tally Ho and

to the Fort Beauharnois

Sydney, U.S.S. Tatam, and 8.5. Decan Vestal to Vizagapatals,

Tomorrow: H.MS. Comot to Yulin.

"I warn the House that in creased production is not whole story. Increased produc- 33% tive efficiency is what is re- 30% quired and that is a different matter. Increase of exports is 107% vory gratifying but these ex- ports must be competitive. 63% Under present conditions you

can sell anything."

62

B0%

19

20%

773

136

BRIDGE NOTES

When prices settled down, The player who selects his opening Britain would have to restricted after careful consideration of the bidding has a big advantage over the 60% importa if she could not expert player whose opening load le more or

on a sufficient scale on competi-loss automatio. For example.

Sir John regretted that Mr. Hugh Dalton, Chancellor of the Exchequer, had so little to say

paramount impor

tance of economy...

Purchase Tax

23

63% tive terms.

Dupont

2004

261

Electric Light & Power

25

General Motors

48%

about the

765

87

76

48

49

26% ed.

167

66%

06

72

E ning

International Harvester

International Paper

International Tel. & Tol. Johns Manville

Importers are notified that allo- | Nationery

Kennecott Copper

ard Distillers cations from India for consumpy National Lend tion in Hong Kong of cotton piece New York Central RR goods which have so far only been Packard Motors available on Government account, Pan American Airways have been returned to normal Pennsylvania RR commercial channels. Exporters Radio Corp. in India are now free to offer Real Silk these goods for export to Hong Real Kong up to the quotes which have Reynolds Tobace

Republic Steel been fixed. Goods offered and Schonley account, have been returned to purchased are part of Hour Sears, Roebuck normal commercial channels. Ex- porters in the United Kingdom Kong's allocation and are not for Shelf Of are now free to offer these goods export from the Colony. for export to Hong Kong up to

on

Secony Vacuum Southann Pacific the quotas which have been fixed. 2. In order the importers may Standard Branda

be permitted the maximum free Standard Oll of Calif, dom within the import control Standard Oil of New Jersey system, a new form of conce, Studebaker called "Quota Licence," will be Union Bag issued on application to all ostab Union Carbide

lahed importers of these goods. U.S. Rubber all These licences, which will replace US, Steel these

2. In order that importers may be permitted the maximum free dom within the import control new form of licence, Byztem, a eniled "Quota Licence," will be issued

application astablished importers of roods. These licences

on

to

any

other import lleences pre-Westinghouse will not viously granted, will not place any Youngstown Sheet & Tube place any limit on the amount the limit on the amount the importer-Associated Press. importer may bring in under the may bring in under the loonce

Heence; he will be free to import he will be free to import as much

as much as he can secure and A he can secure and will not

West, Dealer

"His attitude seemed to be 8. 8

one of complacency," ho declar. A10 78

D. QÜA Q. AQJ

S

Both aldos vulnarabla

B. AK 10 7

H. Q 652

D. 5

C. K 10 6 5

B. 6 B,

N

9

W

ED KJ10862

Q. 9 B 4 8

8. Q 7 969

H. K 8 4

D. A 7 i

C, 7 3

2044

22

43%

27%

344

and experience who, if increas- D. ed productive efficiency WAS Pass 44% wanted, should be given the Pa $44 maximum

a limited section of the com- 17munity-people of special skill West

The bidding:

iH.

North Dbl.

Kast

South

D.

15.

89.

47.

Dr.

16.

Pass

Fas

Regarding the Chancellor's taxation. concessions, Sir John accused Mr. Dalton of deli- berate discrimination in limit- 39% ing the concession on earned

28

income to those under £1,500, 10% This was discrimination against

encouragement and Wost "automatic" lead would have

48% not regarded as pariahs.

beam a diamond-and Bouth would won, drawn trumps, and lost a club and two ton's statement that the Pur-would have given South the game and hearts The automatic lead, therefore,

A He also criticised Mr. Dal-

GRAIN MARKETS

60

50

chase Tax would be permanent 4-Reuter,

73

87%

110

78

85%

BG

72%

Chicago, Apr. 11.

rubbar.

will not have to make a separateve to make a separate applica. CHINESE ESTATES, LIMITED domestic supply at 2,600.000 bund got another bears ruff to defeat

application for an import licence tion for an import licence to cover

But Weet thought before loading. His partner had "run" from the double of one heart and bad rebla diamonds later, on.

That sounded like long dia mond and very shart boaria the key to the best defesco.

Da ible reasoning West opened the In the Chicago Board of Trade, Ace of hearts and followed with the for the third time in four days three of bear's East ruffod, ka ox May Rye finished with the five pocted, and correctly, head the choice cent limit advance satting price of Wost's lowess heart an Indicating at a new record high.

dort an onity in the l west auji, Enil the covering furnished demand, with alors returrek olub to West's co shels and little coming to the the contract. market, Rye has gained 29 centa per bushel this month. Closing prices were: May 3. Applications for quota lleon-

$2.42% por bushel ses should be made to the Super-cos should be made to the Super-

July........... #1.02

Cash Rye sold at $2.00 "a bushel Intendent of Imports and Exports Intendent of Imports and Exports:

the usual application form. They will be issued

on the usual application_form. {

In 1918. The government, coiling They will be issued

at present impored]... of $1.49% Beence covering specified items licence for export from India

NOTICE IS HEREBY GIVEN effective for all Bys after June Lupoa, deferred, deliveries will be 1946. from the list above for export during the first half of

NINETEENTH OR-ist from Great Britain during the Thair number will be profixed. by that the

Wheat, Corn and Barley were first half of 1946. The number the letters IQA. The fastto of DINARY YEARLY MEETING will be prefixed with the latters licences for the second half of of SHAREHOLDERS will be held at coiling prices, respectively BQA. The issue of second half 1048 will commence on June at held at the Company's Office at at $1:83%, 3121 and S120.

In the Winnipeg Exchange Ryc licences will commence on their number will be profixedChina Buildings (5th floor) year

Hong Kong, on Friday the 26th prices at the close vore as follow: June 1st and their profix will be by the letters 1Q0. BQB,

$1.05%/$1.00%; Associated

to cover each transaction.

3. Applications for quota lleen-

blanket

4. Licences will be issued only to persons, and firins who were petually imperiers of similar goods in 1941,

6. Licences will NC Busted, as

ara intended for re-export..

each transaction.

blanket

NINETEENTH ORDINARY

YEARLY MEETING

April, 1940, at 12. o'clock noon, bor May 89.66-July: $2.48Octo

4. Importers who experience for the purpose of receiving the difficulty in contacting exporters Report of the Directors and à should make the assistance of In year 1945, and of electing three In India with export allocation Statement of Account for the dustry Section STI. Départ- mont.

directors' and an auditor.

already

B. Lleences will be issued an at at present for these goods which present for these golds which are

intended for re-export

8. Liconces

already. issued 0. Liconcos should be replaced by quota' should be replaced by *quata" conces If for Hong Kong con- Beences If for Hong Kong cop #umption.

sumption.

H. A. TAYLOR,

TAYLOR,

The TRANSFER BOOK of tho. Company will be CLOSED from the 13th to the 20th March, 1945, both days Inclusive..

Directors b

By Order of the Board of

WONG WOON NAM,

otary,

Kong, 10th

Press

N; Y. COTTON

New York, Apr. 11. Now York cotton futures moyed through a quiet session as traders waited development bonding the prico control legislation.!

After-rising: 10.85- per bale en a small demand, futures closed .16 to 30 higher,

Pribes at the closa stood as

•followi

228.34da perpound;

*

Note that if West had bald the Ace of diamonds instead of the Ace of clubs ho would have lad the ton or Jack of hearts at the second trick. And the bigh heart would indlonto an salty la the bigberof the two ello suite.

Yesterday you were Oswald Jacoby's

and, with neither vulnerable, you held:.

B. Q J 10 8 4 2 H. J10 8 D. 24 'C. 7 6

ide

You 16. 48

The biddinge Schenken drooby

Stalez Pam

ID. PAM Pais 2Nr

Fam Pass

Bts་ Pas ANSWER Bid ir apades. The Blam berild hinge on a fludams the woul, sinch painor's bidding much be birid on an unusually strong` hand, will fortified with ACM.

Ecore 100 per omal for six upados, 60 par denk for Pramanikut,

QUESTION

Today you are Howard Schenken periner and, non vulnerable aghinak vulterable opponents, du holdi

„D. K 10,6 1

The bidding (20

S.S. FOOSHING S.S. WOSANG

S.S. TAKSANG 9.S. KWAISANG S.S. YUENSANG

Singapore, Penang, Calcut 18% Karll

ARRIVALS

À, BANGKOK, 13th April ....to Shanghai 20% April

from S'hai & Bwntowi April from Shanghai 1 April

IN PORT

GMSN, Co, Wharf

.... Kowloom Dock

Cosmopolitan Dock

All the above subject to alteration without notico,

All intending Passengers are requested to register their names as faz na possible in advance of the time at which they wish to leave..

M.V. GLENOGLE

Agents:

THE GLEN LINE LTD.

from United Kingdom End Av PRINCE LINE LTD.

M.V. SCOTTISH PRINCE Arr. from San Francisco 10th April

(Dangerous Goods' Anchorage-Stonecutters Island).

Managing Agents

AUSTRALIA CHINA LINE.

BUTTERFIELD & SWIRE

AGENTS:

CHINA NAVIGATION CO., LTD.

SAILING TO SHANGHAI SS. "FUKIEN" (No Passagors)

SAILING TO SINGAPORE

Noon 14th April

4 p.m. 17th April

S.S. "KWEIYANG"

9.S. "NINGHAI"

No passengers-thereafter fortnightly sailings

SAILING TO CANTON

S8. "FATSHAN”

SAILING TO BANGKOK

4 p.m. 23rd April

8.00 a.m. 16 April

Subject to alteration without notice.

For Freight and Saloon Passages all lines, please apply 102-0

BUTTERFIELD & SWIRE

Connaught Road, Central, Telephone 30331 (Private exolango).

For Passages other than Saloon to Coast Porte and Ringapore,

please apply to:-

Messrs. NAM TAI

127, Des Voeux Road, Central: Telophone 20116

For Freight and Fassagen other than Saloon by S.S. “FATSHAN”

please apply to:--

THE CHINA TRAVEL SERVICE

Telephono 31116,

BLUE FUNNEL LINE

SAILING TO U.K.

LYCAON" sails for Fort Said, Liverpool via Straite, at the end of April.

Accepts cargo for European Continental ports. other than Mediterranean porté. "LYCAON" from U.K. via Straits 3rd week April.

VESSEL DUE.

BUTTERFIELD & SWIRE, AGENTS

Telephone: 30338.

EASTERN & AUSTRALIAN STEAMSHIP CO., LTD.

Steamer

'KAIPAKI

From

Sydney

Due.

>

3rd May, 1946

For full particulara apply to MACKINNON, MACKENZIE & Co.

Telephone Nos. 277214

BEN LINE STEAMERS LIMITED.

S.S. "BENVORLICH" expected to arrive from UK, via Straits Mid May.

For particulars apply to:

W. R. Loxley & Co., (China) Ltd., Agents.

Telephone: 34165.

M. V. “MANGALORE”.

loading for LOS ANGELES about 18th April

. For freight and

please apply to:

Gilman & Co., Ltd.

(Shipping Dept.) Phone 27871, Agents for: DE LA RAMA DINE TRANSPACIFIC SERY THE SWEDISH FAST ABIATIC CO., LTD

Hong, 10th