1946-08-28 — Page 7

JARDINE; MATHESON & CO., LTD.

A

Th

SHIPPING DEPARTMENT

10 Pedder Street

Tul, 80321.

General Managera.

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

SAILINGS

S.S. "TAKSANG" (no passengers) to Singaporo & Penang 29th Aug. 5.S. “MAUSANG"

to Sandakan 31st Aug.

London, Aug. 20. The stock market was again extremely small with the overseas situation still a deterrent for wide SE. "ESANG” expansion of business.

South Africa gold mines were 8.8. WOŚANG

word

ARRIVALS

from Stralis via Salgon 4th Sept.~ IN PORT

Kowloon Dock Kowloon Dock

5.S. TAKSANG

Buoy A.12 Buoy B4.

generally

Subject to alteration without notios.

Secondly, private debts, includ-¡ crodit or go further and procure firmer un Cape advices, which $.9, "EMPIRE FARRAR" Ing farm and stock

to the effective were encouraged by improved la- S.S. "MAUBANG" "more additions debts, are vastly lower. In some

demand for goods and services. | bour positions, countries. notably Egypt. Pales tine, Portugal and Turkey, prices have risen as in the first World War and since their monetary reserves (their sterling balance) enable them to maintain their those countries currency rates, are now having price deflation and business depression.

But auch countries are a special case. The United States, Britain and other countries, having avoid- od much price inflation should not Accordingly

have much tional Bottle-

the Bank of

eplyion:

ments срговвед tho "When the present pronounced sellers market comes to an end there may be a temporary check rather than real depression.

Favourable Trend

sustained

But in meditating on these mat-

Indian issues ters, it should not be forgotten that, as before 1914, current gold quiet apart from some Indian In- production may be sufficient (then quiry. it was more than suficiunt) to

Industrials mot fair provincia! All intending Passengers are requested to register their names de furnish the whole increase re-support, particularly quirod in the volume of monetary steels, while

fron and far as possible in advanes of the time at which they wish to leave newspapòrs again demand."Reuter.

reflected the coming increase in newsprint.

Exchanges In London

London, Aug. 26. On New York 4.025, 4,035, Mon- treal 4.02, 4.04, Zurich 17.34, 17.30, Stockholm 14.47, 14.60, Buenos Aires unqunted, Brazil 76.4410, Brazil (sellera) unquoted, Uruguay unquoted. Belgium 107.50. Peris & French Empire 479.50, 480.30, Syria 881, 895, Lis- bon .RO, 100.20, Swiss Bank

17.26, 17.60, Nether Middle 17.25.

Arm Blac

on

Agents: GLEN LINE LTD.

S.S. "SAMSETTE" Stures were futuro prospeɛta.

S.S. "PROMETHEUS" Encouraging views regarding SS, "GLENAFFARIC" the outlook for the industry to M.V. "GLENARTNEY" gether with yield conditions help-

M.V. "GLENSTRAE” ed oil shares and some unusual' gains Wera recorded.

Interest in British funds was very small, with professional and indirect investment buying.

Teas, rubbers

and Jute were very quiet.

was o

}

arrd. from U.K. discharging A10 Buoy,

due from UK. 5th Sept. due from UK. Mid. Sépt.

duo from UK, End Sept. loads for Rotterdam, Antwerp, Amsterdam and London about 20th Sept.

Managing Agents:

AUSTRALIA CHINA LINE

Among shipping there amall demand for P. and O. at M.V. "KAFIRISTAN” 3d higher at 67/10d.

Consols,

sels, 2% per cent 1945/75 Conversion Loan, 3 per

90%

for expecting Notes West Indies 7.58, Holland cent 110% ex div., War Loan. 3

to bo aublands Patama 4.02. 4.04, Den per cent 106-15/10, Now War S.S. "PERIOD"

that

16.03.

mark 19.32, 19.30, Fragdo 201,

02, Nway 19.98, 20.02.

Forward Rates:

One month United States D.

P, D, Switzerland Sweden 1% P.

Loan, 3 per cent 100% Victory Bonds, 4 per cent 118 German Loan, 7 per cent (Dawes) 10%, D. Canada Japanese Bonds, 6 per cent, 1987

D. 202. Canton-Kowloon 1 D. Paris 40 22. Ticutain Pakow

P,

due from Melbourne 2nd Sept. loads for Shangbal mid Sept. and

for Sydney, Melbourne, Adelaide early October.

due from Sydney 3rd Sept.

Agents: PRINCE LINE LTD. Chinese Freight Agents: CHEONG FAT CO., 54 Bonham Strand E. Tel: 20037.

"It is thought that a relatively favourable basic trend of business will be

for several years to come."

Another reason the present prices stantially maintained is prices in gold are still low, since wartime inflation has only offset what happened to them in 1980/39, when an already low level of com- modity prices against gold was by sterling and dollar aggravated devaluation against gold.

Un a gold basis, prices in Bri- tain and the United States are now about the same level as 1514 and close to the average of the Inst 160 years.

World gold production 18.06, Australia 125, 125.50, Now below the 1941 peak but well Zealand 124.37. 125, South Africa per cent, 1906 80, Shanghal-Nan- 8.S. HASTINGS PARK ... ard. from Vancouver--A13 Buoy. above the 1920's.

Teheran 100, 100.50.

128, 180, king Railway, & per cent 27, Mer S.S. KITSILANO PARK" due from Vancouver/Shanghai 12in Sept. The Bank of International Set Alexanaria 97.275, 97.626, Singa-cantile Bank of India. "A" 22

2279 tlements anys! "Considering that 2/4-1/32, 2/4, Hongkong Chartered Bank of 1. A. the world output of gold la sis-/2-1/10, 1/3-1/16. Philippines 8.10. 13.1 H.K. Shanghai Bank- ing again, it secins unlikely that the lack in current gold prodve tion will be a factor in dragglug prices down."

is

Gold Question Moreover, there is much less danger of maldistribution of gold. Most of the gold which flew to the United Stated in the 1930: was the counterpart of hot monoy -which as now been curbed

may

conts. 40 cents, Holland 1 cent, per cent, 24, Lung-Tainz U Hal cent.

Rly, 5 per cent, 1913 21. Reorg Loan, 5 per cent 1913 (London Iss) 40, Crisp Loan, 6 per cent,

Bank

of England Clearing Rates: Madrid 44.00, Italy 71.25.

B per

Free Market Rates: Indía 17.84, 1911 44. Hukaang Railway, 5

8.15. Rangoon 1/5-15/16, 1/8-1/10, Shanghai unquoted.

Special A/C Rates: Lima 26.19, 26.10, Lapaz 168.82, 170.32, Val- paraiso 100.025, 101.300, Turkey

Contral American A/C Rates: Mexico 19.45, 19.00, Bogota ~1.00; 7.00-Berler.

LONDON DISCOUNT

RATES

(Indeed. the Bank of International Settlements fears that curbing of International capital movements

London, Aug. 20. The war has to overdone).

Day to Day Loan 1 per cent, brought far more redistribution Short Money to 1, Bank Bills, the United States gold, stock than 3 Months 17/32, Bank Bills, 6 is generally known.

Months 9/10 to %, Fine Trane The United States now holds Bills, 3 Months 1 to 1, Fine just over half of the world's Trade Bills, 6 Months 1% to 25, monetary gold

compared Treasury Billa, 2 Months to with nearly 17 per cent in 1941-17/32, Treasury Bills, 3 Months an enormous difference.

4 to 17/32-Reater.

If the coming increase in pro- duction finds insufficient expan- sion in the volume of money, the authorities will have to expand

M/S "STANHALL” Expected to arrive at Hong Kong 30th August

A General Average has been declared by the Owners of this vessel and consignees of cargo are required to sign the Average Bond and pay 6% deposit on the C.I.F. value of their goods be- fore delivery can be effected from the Hong Kong & Kowloon Wharf & Godown Co's godown. Any damaged packages will be examined by our Surveyors, Messra, Goddard & Douglas, on Mondays and Thursdays within the free storage perlod. Con- signees of damaged cargo should arrange to attend survey within this period. Claims will not be recognized unless notified within soven days after completion of discharge.

MACKINNON, MACKENZIE & Co., Agents.

Hong Kong, 26th Aug. 1948,

NOTICE TO CONSIGNEES

"AJAX"

Damaged cargo ex

'M.V. “Ajax"

will be examined at. Holt's Wharf batween, the hours of 10.00 a.m. and 12.00 Noon on 27th and 28th August," -and consignees representatives are requested to be present at the time of examination.

„BUTTERFIELD & SWIRE,

Agenty Hongkong, 27th August, 1945,

N.Y. COTTON

New York, Aug, 26.

cent, 1911 20, Honan

2224.

90, Lydenburg ing Corporation Estates 126 South Africa Town- ships 31/8, Selection Trust 50/-. South Africa Torbanites 11/3. Canadian Pacific 22-6/10 or div., Mexican Eagles 14/3.-Reuter.

N.Y. EXCHANGES

Agents: THE WESTERN CANADA

STEAMSHIPS LTD.

PENINSULAR & ORIENTAL STEAM NAVIGATION COMPANY

Fr im

Karachi

Karachi via Shanghai

U; K KARACHI & BOMBAY

U.K.

U.K...

U.K.

Dus

Discharging

30th August, 2nd Sept. 7th Sept. Early Sept.

Ahip

"SAMDARING" "STANHALL” "ATREUS" "SAMETTRICK” Now York, Aug. 26. American A/C Sterling BENALDER”. 4.03-7/10, 4.03-0/16, American A/C

"TREVETHOE" 3

4.03-7/16, Montha Sterling 4.03-9/16, On Sweden 27.83, 27.85, "GLENIFFER", Franco 84, 84%

Switzerland

(om Switzerland 24.25. 24.00 (Free) 23.75, 24.00, Spain 9.20. "SAMSOARING" Portugal 4.048, 4.06n, Australia

3.25 Zealand New

South

Accepts cargo for LONDON, ANTWERP & ROTTERDAM 3.23.

220 SAMNEAGH" Africa 4.92%, British East Africa

80.83, China

1st September Cargo accepted on through Bill/Lading

for Karachi to Persian Gulf ports.

2025 Indiotine (Oficial)"

Ship

Loads For

U.K. via Straits

BOMBAY

October October

Ready Mid-September

2009:25 RITISH INDIA STEAM NAVIGATION CO., LTD.

3,3508, Argentine (Free) 24.70, 24.80, Brazil 6.46, Bolivia (Oficial) Bolivia (Free) 2.38, Chile (U cial

5.16. Chile 50.98, Cuba 100. Ecuador 7:600, Guatemala 100, Holland 87.78, 16.500,

Cotton futures turned steady. Chile (Export) 4.00. Colombia Futures closed 10 cents.higher to 20 cents lower.

Oct. 35.97-98, Dec. 38.00, March 32.68. Middling spot 80.82 nominal.

-Absociated Press.

Passengers and Freight to India

36.82. May 35.46, July 34.01, Oct. Brutus 56.005, Venezuela 29.00 EASTERN & AUSTRALIAN STEAMSHIP CO., LTD.

-

Alexandria, Aug. 26.

103 Ang ounce.

DET

Gold, Plastres.-Reuter.

Uruguay Netherland West Indies 58.06, Dutch Gulana 53.35, Montreal on London 4.02, Montreal. on New Notes York 97.250, Swiss Bank rate 28.00, 30.00. Belgian Franc 2.28%, 2.28% Router.

SHIP

TAK CHEONG SHIPPING CO.

S.S. “EMPIRE JAMAICA” Sailing on August 28th 4 p.m. for

SINGAPORE

9.s. "MAIWARA” · Loading on August 28th for HAIPHONG via MACAO

S.S. “EDNA"

Loading on August 30th for FORMOSA via SWATOW & AMOY

SS. “KHONG TUNG”.

Sailing on August 28th 7.30 am, for

CANTON

s.s. “KWONG SAI” Sailing on August 28th NOON for

MACAO MA

Returning August 29th 4 p.m.

For Freight and Particulars please apply to

TAK CHEONG SHIPPING CO.,

20, Des Voeux Röáà C. fra Flodr

Tel 25180

"NELLORE” "EASTERN"

SHIP

“NELLORE” "NELLORE"

FROM

Australian Ports Australian Ports LOADS FOR

SHANGHAI

SYDNEY

Passengers & Freight

For full particulars apply to

DUE

Discharging

4th Sept. READY

End August Mid-September

MACKINNON, MACKENZIE & CO.

Telephone Nos. 27721-4.

MAERSK LINE

MS. "TREIN MAERSK”

Salling on 2813 August. *-

Loading for New York, Atlantio Ports via Los Angeles, Panama

25th August. (No Passages available)

for Partioniars please apply to:-

JEBSEN CO., Agents

Pedder Building, 7th floor. (Shipping Department Tol No; 22862)

BEN LINE STEAMERS LIMITED.

BAILINGS TO U.K. VIA STRAITS. FREIGHT ONLY.

#S" Ioads for UK.

(second half Sept,

VESSELS DUE,

mid. Bapt. 116 Bopt

“BENCRUACHAN”. "EMPIRE -WEHAM".

arilenlere 'apply

LOXLEY & CO. (CHINA), LTD.

“York Building