1946-06-26 — Page 7

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at our offocs for Box Nos, 47, 62, 79, 81, 82, 58, 90, 91, 92, 93,

WANTED KNOWN

by

of

British

THE CHINA MAIL, WEDNESDAY, JUNE 26, 1946.

Exports In

E.P.T. A

Encouraging Position Bad Tax

London, June 25.

Britain's exports for May passed the 1938 average monthly volume for, the first time since the war, R. A. Marquand, secretary for overseas trade, said today.

Board

Vital Need

was

visible

The value of the country's May exports was £85.200,000-an increase of £15,800,000 on April, Mr. Marquand told a press conference.

Trade uf Ilo said that during the last the Aix months the rate of export | £750,000,000 worth of had more than doubled, rising exports bofore the end of the from 50 per cent of the 1938 year. They are well on the HAVE you seen the "Scamp?" monthly volume for November way to exceeding that, and a "Fira!"* exclusive display Mode Elite 25 Queen's Rond and December, 1945, to 116 per new target is to be set.

cent in May 1945. To balance Also featuring straw-bata

The Board of Trade Ultra-distinction, Exquisite Pure trade at the pre-war standard of Silk embroidered lingeries, conts, living, he added, Britain needed

power figures, Mr. Marquand pyjamas, "Genuine" Jade-geld to reach 176 per cent

of her continued, showed that on April "Prewar-made" teak-1938 volume of exports.

30 there were nearly 750,000 jowels, camphor chesta

Britain had aimed at reach-more workers engaged on export Beautifully Carved."

Ing her 1938 volume in Decem- manufactures than in 1938. ber of this year, Mr. Marqunnd

There are now 1,236,000 ex- continued. The original target of pert workers and the target for the end of the year is 1,550,000, Mr. Marquand said.

man-

Anglo-Polish War Debts Settlement

London, June 26. A financial agreement between Britain and Poland concerning settlement of Polish war debts

13

JARDINE, MATHESON & CO., LTD.

SHIPPING DEPARTMENT.

10 Pedder Street

Tel, 80311.

General Managers.

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

into s.s. EMPIRE PERLIS

5.S. ESANG

SAILINGS

to Straits and Calcutta 28th Juno to Shanghai and Tientsin 20th June ARRIVALS

......from Shanghai 29th June from Singapore and Calcutta 30th June

IN FORT -

London, June 25, Mr. Hugh Dalton, Chancellor of the Exche- quer; told the House of Commons today that the Excess Profits Tax was "a bad tax when passing out of wartime peace.'

"At the same time," ho said, "revenue is one of our necessities S.S. YUENSANG and it had not seemed possible to 8.8. KUTSANG me to propose the complete abull- tion of this tax."

His budget had forecast alan- S.S. SAMDART sonment of the tax at the end of 9.8. KWAISANG Dr. E. Droznlak, Chairman of the 1948 calendar year, and "I am S.S. EMPIRE PERLIS

away M.V. HICKORY CREST the National Bank of Feland, who running a risk by doing

said: with so large a source of revenus."

S.S. ESANG This tax was under attack by negotiated the settlement.

The signed financia) agreement As a the past.

Mr. Α. Edwards (Labour) and entirely, settles

debts are being Mr. Oliver Stanley (Conservative) settled and simultaneously

Houso continue to cer-when the tain institutions and bodies are examine the Finance Bill (which being wound up. We are paying implements the provisions of the All intending Passengers are requested to register their names for the maintenance, welfare and Budget) in the committee stage

far as possible in advance of the time at which they wish to leave. of all Pofes in the Bri-

Dalton spoke, the tish Commonwealth of Nations up provision that the tax continue for this year was approved, without to June 1, 1848,

division-Renter.

in Great Britain was signed at the Foreign Office today.

consequence, all "Incomparably

FOR SALE

LOVELY CARPETS: (0 x 12 f) $130 (10 x 15 ft.) $200! Surprisingly cheap! Electroplate Traset! Diamond Ring $1301 "Zriss" Binoculars! 280, Prince Edward, top, (G--8 pm.)

TUITION WANTED

GENTLEMAN

World Fund Started

ronized.

abroad Καίης

of

Please

wishes to improve fluency speech desires assistance. state terms, time, electra, to Rox No. 93, "Chian Mail"

HALF A MILLION MEN'S SECOND-HAND JACKETS and TROUSERS suitable for Hongkong trade at FOUR SHILLINGS each.

Thousands shipped to Middle

East.

Quick shipment of pressed balta of one thottaand assorted garments.

Establish confirmed credits in payment of any quantity on an English Bank.

M. Newman, (Contractor)

Ltd.

Heap Street, Manchester 7. England.

·Cable Address: Harbinger.

S.S. "AMMLA”

Consignees are advised that

Į

education

Henceforth. Poles, who do not want to return. t Poland, will he

British Tren

sure by the

After Mr.

Budget Deficit Worries

Washington, June 25.

.Buoy A.18 .Kowloon Dock Kowloon Dock T.S.R. Wharf. Custodian's Wharf

All the abovo subject to alteration with notico.

S.S. NELEUS S.S. SAMSETTE

Agents:

THE GLEN LINE LTD.

due from United Kingdom 6th July due from United Kingdom mid July Managing Agents AUSTRALIA CHINA LINE

He emphasised that Britain was still not paying its way, and said the export drive was not for national prestige, but to satisfy the vital need for the im- Washington, June 24.

Of the 47,000,000 Polish gold. The international monetary port of food and raw materials. fund,

the stabilize sel up to

Of exports, the greatest im- reserves in Great Britain, £3,000,- world's currencies and exchange provement had been shown in 000 will be handed over to help rates. I gradually getting vehicles, machinery and iron Polish war debts.

Debts for civilian expenditure former Polish-exilet Canville Gatt, of Belgium, the and steel manufactures. Motor

in-by the were showing an

Chances of balancing the M.V. NEWBROUGHI director. anid the vehicle managing

reduced from with lise crease of 1,000 exported every Government in London have been

£32,000,000 to federal budget, say some gov agency would operate

month for the first quarter. divisions:

£10,00,000, and this sum will be crament fiscal experts, arn look- He stated that imports in

repaid to Britain over a parinding worse rather than better. May

£115,000,000-the of 16 years, payments to begin in When President Harry S. Tru-S.S. SAMAVON

the five years'

The time.

milituman

announced highest since the end of

his $35,800,- S.S, SAMTREDY war. Re-exports. were £1.600,- debt of £47,000,000 for the main 000.000 budget for the fiscal 400, thus the visible adverse tenance of the Polish armed forces balance of trade for the month is to be left in suspense, and the year beginning July 1, 1946, he figured that the deficits be was £27,100,000. Associated cost of equipping the Polish forces $4,300,000,000, but expressed Presa.

hope that it might be wiped out during the year.

1. Research on economic and financial data to provide know-

af Jedge conditions in the various ns a back- countries and serve Fround for operations.

Operations--A division that

monetary deci-jun will execute and account for results.

3. Legal matters dealing with international law and interpreta-

of statutes.

Administrative

detrils. to which belong ataff and offlee quar tera.

A treasurer's often where currencies change hands.

leads of divisions have not yet been selected.-Associated Press.

tion

1.

U.S. COTTON

New York, June 24. Collon futures closed at 40 cents to $1 a hule higher on aggressive The inili buying.

rayon good

market was dull.

were

BRIDGE NOTES

"Please settle a much-debated Doint for us," writes n St. Louis "It nil revolves about Narth's doable raise bund:

Cat

West Dealer

Neither alde vulnerable 9. J U

8. AKB4

July $952, October $29.62, 65 December $24.78-820.70, March D. KB 2 $29.79, Max $29.75, July $20.00, 0.83 Bid Spot $0.23.

دنا

New Orleans, entton -futures closed steady at vents to $I

baie higher:

July 29.40, October 29.59, De-

survey of damaged packages exmber 20,70. March 29.85, May the above vessel will be hell by 20.78. Bid Spot 75 higher. Mid- Messrs. Goddard & Douglas, ding 29.45.Associated Press, Surveyors, in the Hong Kong &

CHINA IMPORTS

1. QJ 10 8 7 DJ Q 76 2K 7 2 →

W

in

this

9. Q108782 N E Q

ED 3543

Ga

8. G

BAX 943

D A 10 9 CAQ9A

The bidding:

West

North Pass

311

Kowloon Wharf & Godown Co., Ltd. on Wednesday, 26th. June.

Rio de Janeiro, June 25. 1946. nt

10 a.m. Consignees who have dutiable cargo for Chin hopes to import beans, collon, cocoa, wood and other survey will arrange for the at-tems from Brazil, in return for tendance of a Itevenue Officer at exports of tea, textiles and other this time.

ords, according to Chinese Am-| his buscador Chen Tien-koo.

The diplomat said this increased commerce will follow the recent economic and agricultural accord toward Brazil by China.-Asso- ciated Press –

GIBB, LIVINGSTON & CO.,

LTD.

Agents.

DOUGLAS STEAMSHIP CO., LTD.

S. S. "Hai Yang"

Sailing for Swatow on or about 2nd July

Subject to alteration without Notice.

For Particulars of Freight & Passage. Please apply to:-

DOUGLAS LAPRAIK & CO.

General Managers.

P. & O. Building, 5th floor. Tel. 23755.

or

CHINESE SHIPPING DEPT.

20 Connaught Road. Central. Tel. 24639,

BEN LINE STEAMERS LIMITED.

SAILINGS TO U.S. VIA STRAITS. FREIGHT ONLY.

"BENLEDI loads. for London and Hull about Mid July "BENLOMOND" loads for London about Mid August

VESSELS DUE

"BENLEDI" "BENLOMOND”

is to be treated on Lend-Lease basis, and no repayment is, there fore, requested.-Reuler.

N.Y. STOCK MARKET

Further

duo from Melbourne 11th July

Agents: PRINCE LINË-LTD,

due from U.S.A. 27th Juno due from U.S.A. about mid July

Agents:

ANGLO-CANADIAN STEAMSHIPS LTD.

S.S. GARDEN PARK

arrived from Vancouver B-28 Buoy

BUTTERFIELD & SWIRE

As revenue from increased industrial activity mounted, the experts grew still more op- limistic. But now they are ba- coming more and more doubtful. The industrial slowdown caused by the coal strike is one con- New York, June 24

tributing factor. The other is recovery incänations!

possibility of Congress were displayed by selected stocks, the

suntered drastically increasing expendi- although many leaders

tures. from light selling.

The $7,70,000,000 eit from retnined. Most rail stock was While scattered strong spots per the navy's budget might be rea- s.s. "HUPEN

if numerous a tored, for example, and risted, seliers were the close. Sales amounted to terminal puy is granted enlisted 100,000.

$2,000,000,000 and $6,000,000,- men the bill might be between 000.-Associated Press.

Arguements in Wall Street øver the possibility of a buyer's strike in both stacks and duranle goods, restraining influence. served as

The belief that recent setbacks merely technical inspired some bids.

were

Dow Jones Averages. $76.49, 30 South Industrials 2003-subject to tar

Hrection. 20 Rails 0033 15 Utilities

GH

U.S. Investments Abroad

AGENTS:

CHINA NAVIGATION CO., LTD.

SAILING TO SHANGHAI & NORTHERN PORTS

S.S. "NINGHAP"

SAILING TO BANGKOK

2 pan. 4th July

SAILING TO SINGAPORE

4 p.m. 26th Juno

2 p.m. 28th June

Noon 1st July

9.S. "FATSHAN"

8 a.m. 27th June

Subject to alteration without notice.

S.S. "KWEIYANG" (Passengers only).

BAILING TO SINGAPORE & PENANG

5.S. "ANEUI" (Passengers only)

SAILING TO CANTON

For Freight and Salvon Pasanges all lines, plenio audio **

BUTTERFIELD & SWIRE

East Pasa

Pasa

Washington,, June 25, Pass Pass

41.82.

The Commerce Department Pass

Pass

Closing Stock Quotations were:estimated that American louns Pass "South lest a spade and a dia-

Adanw Express 20%, Alaska and investments abroad might He Jureau 44, American Can 104, mond and his temper. squawked to high heaven that American Smelting 85, American total $30,000,000,000 within Ave,

This 25% North didn't have the semblance Telephone 197, American Tobacco years.

Waterworks

Agure would include) 04. American of a double calse,

maintained stoutly that Anacanda Copper 40% Aviation $10,000,000,000 of pre-war in--Connaught Road, Central. Telephone-39331-(Private-exchange). North

American exports trump support and Corp. 104, Baldwin Locomotive vestments. strong side strength were ample for a 32, Barnsdall 28%, Bendix Avia- may reach a level of between and $12,000,- double raise utter he had passed tion 48 Bethlehem Steel 107 $11,000,000,000 eriginally. He intended to double Bocing Aircraft 27, Borden Co. 000,000 if favourable conditions raise to

to invite

Canadian Pacific 10%, game but had no 64, ica at m

long term investments and loans of encouraging South Case 49, Colgate 40%, Coinmer prevail and if the United States to bid a

cial Solvents 27, Corn Products

es are carried out. "We huyo agreed to

213, 65, Du Pont De Nemours

predicted The Department Electric Genera! that the outflow of capital to Four decision. Who was right?" Eastman Kodak 230,

South

was right; North wasn't Light and Power 20%.

Generzi Mowers

Lotts other countries probably will doublo

Electric 47 raise. close to a

Ship Despite the strong trumps, North 70%, Goodrich 72%, Goodyear 65, decline "after reaching its peak

Mining 40%, Inter- in the next year or two." Harvester lad only two Queens, one King, take

Thereafter, the Department] "HONG KHENG" forecast, imports should rlue "SAMVANNAH" national Paper 46% Internationa Tel.

Tel, 23%, Johns Manville steadily as foreign nations be- &

"HICKORY MOUNT" 60%. 160

Kennecott Copper Mont-

off their debts,- not the bidder has passed ori-gomery Ward 90%, National Dis-gin paying

tillers 85, National Lead 385, Associated Press, ginally,

The correct bid for North is a New York Central 26, Packard debatable point Two hearts in Motors 0, Pan-American

РУСЛ

and not even a singleton. With only fair

a double distribution.. raise must promise about average high-card strength--whether

pr

95,

R.R.

beat with a fine partner. Anways 73, Ponnsylvblican stat

partner may

ay Radio Corp 16 Bacco 40, Schen-

Reynolda

SUGAR UP

PENINSULAR & ORIENTAL STEAM NAVIGATION COMPANY

From

Bom bay Bombay

U.K.

Dub

July 1st. July 4th. Mid-July

BRITISH INDIA STEAM NAVIGATION CO., LIB

SHIP

Washington, June 24. The Office of Price Adminiatra- ultra-conservative have to be nursed along with a toy 864, Soars Roebuck 42, Shell engar by a ratio of 1/5 per cont "NIDAROS"

tion increased the retail price of "manufactured" bid of are spade 3915, Socory Vacuum 17:4 (or two of a minor); to be fol- Oil

lowed, of course, by a heart raise Southern Pacific 38% Standard increase as of the standing price

on

FROM

Cale utta

DUE

July 2nd.

for die North land under any 70% Studebaker 30%, Union Bag cane and best refined granointed EASTERN & AUSTRALIAN STEAMSHIP CO., LTD,

Alrcumstances.

鹏

of per pound as from today and also the next round. But three Brands 47%, Standard Oil

Standard On of N.J. raised refiners' ceilings of both Calif, 66,

Union Carbide 113, U.S. bringing total price for cane su sugar by 10 cents per 100 pounds, Rubber 78; U.S. Steel Westinghouse 83%, Youngstown Kar to $0.10 per 100 pounds and 76.-Associated beet granulated sugar to $6 per Sheet & Tube

100 pounds.-Associated Press. Freas.

STEEL PRODUCTION|

Yesterday you were Oswald Jacoby's partner and, with neither aldo vulnerable, you helds

ទ A. 10 7 5.2

H J B

D AC3

The biddings

WHEAT PRICES

C J 94

Chicago, June 24. A light trade in eats at ceiling Schönken. You Malor prices was the only activity in the

Pass

18

Pass graia market. Final prices at Pass

2NT Pass, calling word: PARS ,,(7)

Corn $1.40%, Barley 1.35, Osta ANSWER: Bid four spades. 88.

Jacoby 10 about 10th July INT about end July 38

For particulars apply to:-

W. R. LOXLEY & CO. (CHINA), LTD.

York Buliding

New York, Juno 20. Steel production will show further improvement this week with mills scheduled to work at 87.2 percent capacity as com- pared with 84.2 for the proceed. ing week, the American Iron and Steel Industry announced. Ton- Pariner must have three. spades Predictions that the grain to the King or Queen

together market will show little activity age for this week le estimated with enough strength to hope for until the Office of Price Adminis at 1,688,900 tons, Associated

his hand were a comtration regulations are diaposed Press. pleto minimum he would pass at of appeared to be headed for ful- two no-trump.

Score 100 per cent for fourWinnipeg:-Rye July $8 07. bk New York, June 25.

EVERSHARP REPORT spades. 50 por cont for past, 40 Oats July 613 bid-inclusive to per cent for three no-trump, October, Barkey, July 04 bi

inclusive to OptobarAssociated Preas.

Tel. 04163.

a game.

SCOFIELD LINE

S. S. "BARBARA C” Sailing for Amoy on 26th June

For Freight Apply:-

A. E. GERONDAL & CO., LTD.

Union. Building

Agents.

Tel. 88387

Question

Today you are "Merwin Maior'd partner and, with neither do

lnerable, you hold: BAJ 9.3.

X 774

D. A

The bidding: Maler Jagoby You

What do you

Tomorrow)

Ailment

The Eversharp Incorporated res ported that for the quarter ended on May 31, a' profit of over; $1, 000,000. WAS: Karnerod, pequat, jo 81.09 a common share compared N.Y. EXCHANGES with former price of 87 conta peri New York, June 24share for, the same stock. Foreign Exchange on the New The company alec reported a $5 York market; Canadian 300 68% 1 per cent sales increase for the Britain :0856 France 86% Averlod-Associated Press. gentinn 24.841, Brazil 5.25, Mexian 20:08:Assoélked-Press.

Minneapolis, Juno 201 Four in 100 väund sacki, 60.

Minneapolis, June 201 Der Quistextraction : "Famflýtam,

8chenken

(Answer

Number one flax sold at 93.35. | $4,08 -Associated Press.

Passengers and freight to Australia.

For full particulars apply to

MACKINNON, MACKENZIE & CO.

Telephone Nos. 27721-4.

BLUE FUNNEL LINE

"AILING TO FORT SAID, LIVERPOOL VIA STRAITS.

ADRASTUS

TEUCER

NELEUS

26th June

3rd July

15th July.

BAILING FOR LIVERPOOL VIA N.E.L., STRAITS. PORT SAID. & AMSTERDAM. LAOMEDON

VESSEL DUE. MENELAUS from UK. via Straits-

26th June

For Passage and Freight Particulars apply to:-

BUTTERFIELD & SWIRE, AGENTS

Telephoner BOBSE""