1946-09-24 — Page 7

DE LA RAMA LINES

EXPRESS CARGO LINER SERVICES

TO AND FROM PACIFIC & ATLANTIC COASTS

VESSEL

M.V. MINDORO

LOADS FOR

DUE

M.V. DONA NATI

lat Oct. 3rd Oct.

S.S. HALEAKALA

7th Oct.

Manila

Discharge Only Allantle Const via Honolulu,

Los Angeles & Panoraa

THE DE LA RAMA STEAMSHIP CO. INC.

Peddar Building

**

TEL: 23076

Chinese Shipping Office

Tel. 20163

BUTTERFIELD & SWIRE

1. CONNAUGHT ROAD CENTRAL Telephones: 80331-8 Private Exchange,

THE CHINA MAIL, TURS DAY, “SEPTEMBER 24, 1910. ́

Anglo-Brazil Trade

Be Developed

To

Review Of

U.S. Metals

New York, Sept. 21.

Steel: The industry as a whole is expected to seek higher ceilings on products on which little or nu prodit is mude in the current quarter,

Pago

A Valuable JARDINE, MATHESON & CO., LTD. Precedent

London, Sept. 21. The Economist writes: The agreement about Argentina's stori- Ing balances is perhaps the most unconditionally satisfactory of the three sections of the Anglo-Argent | Line agreement. I marka the publie appearance of freely vertible sterling (excont in Ameri en accounts which have always j been.

no dollara rather en regarded

than sterling).

All Argentina's current sterl Ing earnings from Bept. 17 enn freely be spent anywhere in the world and convertible into any currency. This anticipates Bri- commitments under the tain's

United States loan agreement and heartening sign of confidener of further similar

(By Sydney Gampell, Reuters Financial Editor)

London, Sept. 22′′. Detailed supplementary arrangements for Brazil's sterling" "balances and for developing Anglo- Brazilian trade are expected to be negotiated during the next two or three montlis. The bulk of Brazil's sterling balances seem likely to be left open for normal trade purposes, Britain particularly wants Brazilian timber, cotton and hides-it may be a significant coincidence that Brazil yesterday removed its export em- bargo on timber and hides. With wartime loss in North European timber and bottlenecks in

and demoral Meanwhile sted

Canadian supplies, Brazilian timber develop-

Other clauses would amount to tinues on a Jagge senic. Steel. ed an important wartime market in Britain. an undertaking by Argentina to makers are not willing or unable

maintain certain minimum block- to predict how farge tigir outturn

This market was expected to dispose of obsolete machineryed sterling balances but the later will be in the fourth arter and winde when Scandinavian and and replace with modern is remain unstable in the unlikely will nat estimate how muen

Kussion supplies were revived shared by other countries. Or contingency that Argentina in any material edi

but the latter were very scanty Lancashire's 30,000,000 to shipped to con-

apit- year has a deficit in the balance and British officials, including dies only 21,000.000 are work- of payments with tha sterling

area. Some

However, several companies are planning to apply Individually for an advance in items which have bern showing a loss without awalt- ink

the results from

entire

demand con-

Agents: CHINA NAVIGATION CO., LTD.sumers who are clamouring for de-

"HANGYANG"

"PAKHOI"

COUPET

"PSINAN"

STEAMER

"PAKHOP "TSINAN" "SHANGTUNG" "NEWCHWANG" "FENGTIEN"

"TATSHAN”

SAILINGS TO

Shaughat 4 p.m. 29th Sept (No Passerters) Saigon 4 pan. 27th Sept. Swatow 2 pm. 27th Sept Shanghai 2 pan. 20th Sept Singapore 2 pm. 1st Oct.

ARRIVALS FROM

Shanghai 25th Sept. Shanghal & Swatow 26th Ser. ..Bangkok 26th Sept. Singapore 27th Sept. Shugapore 2nd Oct.

CANTON RIVER LINE

Arrives 5.30 pm, 25th Sept, Sails 0 nm. 27th Sept. Arrives 1 pam. 29th Sept,

Agents: BLUE FUNNEL LINE

UK. SERVICE

Sailing

"PROMOSTBEUS”

11th Oct.

"THESBUS" "SAMOA"

"SAMAFFRIC”

Arriving

27th Sept.

28th Srpl.

"ANTILOCHUS"

Early Oct.

Mid. Oct.

NEW YORK SERVICE

3rd week Oct.

"GLAUCUS"

Arriving

Agents:

For

Port Said. Liverpool via Straits.

From

UK. via Straits

w-do- -do-

From

New Yori

AUSTRALIAN ORIENTAL LINE, LTD.

"YUNNAN"

-

Salling

25th Sept.

For

Sydney and Melbourne

All The Adoos Subject To Alteration Without Notios. For Passage and Freight Particulars Apply To The Above.

DOUGLAS 'STEAMSHIP CO., LTD.

S. S. "Halyang"

Sailing for Swatow & Amoy on the 25th inst.

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. Tol. 24639.

BEN LINE STEAMERS LIMITED.

BAILINGS. TO. U.K, VIA STRAITS.

S.S. "BENLOMOND""

S.S. "BENCRUACHAN"

S.S. "BENRINNES

S.S. "BENALDEN"

S.S, "BENLOMOND"

S.S. "BENCRUACHAN"

FREIGHT ONLY,

VESSELS DUE

Early October, 25th Sept.

livering agnitat old contracts,

Fig-icon: Shortage ventiuges. As

resul and swing le

to the lack of

Foundries

roof

quarter, Bri.

sup-

German Trade

10

even some Ministers, continue ing and much of the remainder

worldwide hunt for timber. will never work again. Timber is at present one of of this machinery might econo Sufficient role,

the most serious bottlenecks in mically be workable in ludia, have been complied to shut down,

British reconversion since al- Brazil and other Tin plate: Penducers have

countrica nol

though houses may be con- where labour is more abundant yet opened their 1917 ander books

#trpced from imminum and than in Lanenshire, wine to their inclination to await

other raw materiais, timber is the fourth quarter production and delivery

Mean-still casential for floors, performances. white

all export and supports and staircases, practically all domestic tonnage for the final

During Like past quarter has been specific 1.

Brazil has actually been tain's chief raw cotton ulier. For most authern Brazilian (Sao Paulo cotton is an excellent substi- tute for United States cotton. Brazilian colton

generally cheaper and if it can be bought for Sterling instead of dollars, that i-for Britain-another United

Capper: While most business in foreign metal was consumaunted al 16.50 Rs . New York in the past week, a fair sized tonnage

พว

coals.

reportedly i at 16.625

Load: The Reconstruction and Finnnes Corporation is reported to have accepted tentatively offera

approximately 2506 ms of foreign metal at 10.27 erats cit. United States purts.

Spelter: Office of Priep Adminis tration action in connection with the ceiling on spelter is believed imminent. Meanwhile, Chi tu be world market continues to be firm nt 10.25 16 10.50 cents, fas, Gaf ports-Renter.

Sterling Rises In Paris

Paris, Sept. 21.

İş

advantage over the States cotton supply.

purposea,

Britain naturally wants win Germany's former trade na an entrepot for Latin American coffee and other goods to cen. and castern Europe and the Middle East. Latin America equally naturally prefers to da all possible business direct. here certainly is some scope for entrepot trade. The British foreign exchange control has gone to great lengths to develop London as an entrepol in Bra zilian cutle.

The most encouraging aspect is the valuable precedent for future negotiations with Britain's sterl ing creditors. The half per cent rate in Argentina's and Franer's agreements can hardly avoid in- fluencing other.-Reuter.

Germany To Export Again

Frankfurt, Sept. 23.

The first contract for the export of German products since the war's end is being negotiated be Iween the United States and Switzerland.

The deal, involving several mil- Bon dollars, may be concluded within a week in Berlin.

The Swiss, with plenty of money but short of raw materials, in-

stituted conversations leading to Military government. the contract with the American

Cotton Market

These are partly successful largely because futures trading Little has been heard recent ly of Brazil's desire to develop ternational markets-requires

the highest devlopment of in a British market for tobaccc. apeculative element and Bri- United States tobacco is

atain's Socialist Government sets tion wire, crockery and fine China They particularly need insulu- serious drain on Britain's dol-its face against "speculation."--all of which

the Jars hut

British public Reuter,

are available in State greatly prefers United sobneco and there is great diffl- culty in diverting this demond even to Rhodesian and other Any favours

Gold franes and foreign bank-empire tobaccos. nates have risen sharply in Paris tree market this week to about the aute level as three maths ago.

that enn be shown in the British tobarea market will be needed

Sterling notes are row around 500 Cranes per sterling compared with 050 Tranes at the beginning of last week.

United States dollar was quated at 300 against 230, the Swiss frane at 100 against 70 and gold nuis at 5.500 francs ngainst 4.200,

The upward movement was par ticularly prenounced on Wednes day in spite of the Finance Minis- ty's vingrous denial of any ques tion of any new devaluation of the franc--Reuter,

|

for Greece and Turkey, which badly feel the loss of the Gor man market.

Germany-Associated Press.

Investors' Defaulted Foreign Loans

In Latin America the chances

of progress depend largely on

the degree of co-operation with

SHIPPING DEPARTMENT

10 Pedder Street Tel. 30311,

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

SAILINGS

S.S. "KWAISANG"... to Saigon, Singapore & Penang 28th Sept. 5.5. "WINGSANG"

S.S. "MAUSANG" S.S. "KUTSANG"

3.3. "EMPIRE FARRAR" S.S. 'EBANG" S.S. "EMPIRE WITHAM" S.S. HINSANG" 5.S. "KWAISANG" $.5.. "WINGSANG"

ARRIVALS

to Shanghal 28th Sept.

·

from Sandakah 24th Sept. from Calcutta & Straits 2nd Oct. AN PORT

Cosmo. Dóck. Kowloon Dock.

(Ben Line Berth) Kowloon Dock.........-

Subject to alteration without notios.

Buoy Aid. Buoy B2

Custodians Wharf,

All intending Passengers are requested to register their momnia se far as possiblo in advance of the time at which they wish to leave

Agents: GLEN LINE LTD.

5.5. "GLENAFFARIC”.

S.S. SZECHUEN"

due from UK. 27th Sept. Loads for Rotterdam, Antwerp, Amsterdam & London 6th Oct.

due from UK-Mid Oct.

Managing. Agonts: AUSTRALIA CHINA LINE

M.V. “KAFIRISTAN"

S.S. "PERIOD"

..Tands for Sydney, Melbourne,

Adefulde 3rd October.

due from Sydney Mid. Oct.

Agents: PRINCE LINE LTD,

S.S. "SAMMEX”

due from U.S.A. End October. Chinese Freight Agents: CHEONG FAT CO.,

.54 Bonham Strand E. Tal: 20037.

Agents: THE WESTERN CANADA

STEAMSHIPS LTD.

S.S. "KITSILANO PARIC”

Arrd, from Vancouver Buoy ER.

PENINSULAR & ORIENTAL STEAM

NAVIGATION COMPANY

Dub

End September Early October Early October

October

October

Ship

"BENALDER"

Fram

UK.

"HICKORY STREAM”

U, K.

*"OTHANTO"

U. K.

"TREVETHOE"

U.K.

GLENIFFER" ·

U.K.

"TREVAYLOR"

U. K.

November

due Colomba 4th Oct., Singapore 8th Oct., Hongkong 13th Oct.

Ship

"SAMSOAKING"

"SAMETTRICK"

Loads For

UK. vie Straits

UK. vin Straits

Ready

25th September 4th October

Accepta cargo for LONDON, ANTWERP & ROTTERDAM

the parallel American body and BRITISH INDIA STEAM NAVIGATION CO., LTD.

London, Sept. 22. 01 the export vide, both British investors are holding £500,000,000 default- Britain and the United States

ed foreign bonds, according to the annual re- are overwhelmed by the world- the sort of wide orders for

port of the Council of Foreign Bondholders. capital goods that Brazil wants These bonds represent two- | plea that ex-enemy States should and there are few other sup-thirds of the 750,000,000 issues acknowledge responsibility for pliers. Britain has a surplus in which the Council is interest-pre-war debta, of secondhand textile machinery ed. which the Government is not They were raised in Britain adverse to exporting but Brazil forign Governments. States, fears that she has already im- and Municipalities. ported from elsewhere too much CHICAGO GRAINS

ecconiband texile machinery Chiengo, Sept. 23. and now wants new modern

grain market types which are scarce every Interest in the Saturday centered in the expiring | where. Lancashire's desire to Sentengber oats contract which spurted shacly In the closing minutes as previous short sellers attempted to cover commitments.

Wheat elosed

-1 higher. $1.99, March

$1.94 $1.90.

er cats were cent

higher, deferred outs

higher.

ed Press.

lower to

lower.

N.Y. COTTON

New York, Sept. 23. Trade and textile mill buyin provided a steady undertonu to the cotton futures market Sutur day which at times advaneed to

owe

Of the £500,000,000 in default, European debtors

$300,- 000,000, Japanese £90,000,000 and Chinese £60,000,000.

The Economist says resump- tion of even partial service OR defaulted bonda would make a

Malaya Criticises significant contribution to the Income Tax

{venu mensure.

solution of Britain's external problem.

It says the problem of secur ing the largest reasonable com. tribution should be a national issue.

вауд

is better than at any other time. in this particular, the outlook

BRITISH BRIDGES FOR CHINA

Shanghai, Sept. 23. The Chinese press gives pro-

SHIP

"LINFIELD" SHIP

"BINFIELD"

FROM Rangoon

'DUE Early October

LOADS FOR

READY

Straits, Madras, Calcutta.

End-October

minence to reports that Britain EASTERN & AUSTRALIAN STEAMSHIP CO., LTO

will shortly be sending tuuaku UNRRA 104 complete railway bridges for the rehabilitation of China's railways.

The paper

The bridges, said to aggregate subtantial 42,000 payments could come only from £2,000,000 will be shipped in com- tans and cost over

ponent parts for assembling at The Council and the ComShanghai and Canton.

Singapore, Sept. 23. Corn was unchanged to

Objections by menibers of the Barley one cent lower-Assocint-Hong Kong Legistative Council to

a proposed income tax found a ¦ Europe. ready echo in Mainya, where such ja tax has been suggested, as a re-mittee of Long-Term Creditors The reports udd that high of Germany have attempted to priority will be given to the ship- The "Morning Tribune," Brl-

get the Government to agreement of these bridges as soon as tish-edited Singapore newspaper, that pre-war creditors of Ger- UNRRA lifts the ban imposed in agreed with Hong Kong objections many are entitled to priority July on the dispatch of certain that the tax would be "strongly over repatriations, but so far,supplies to China-Reuter. resented and difficult to collect." they have been unable to obtain The newspaper auid such a tax any assurances. would open up new revenue avenues for bribery of officials, that evasion would be "absurdly ment will act on the Council's

of more than $1.00 a bale. Futures closed five cents a bale lower Saturday to 35 Cents higher. Oct. 37.15, Dec. 37.00, March 36.72. May 36.36. July 35.81-82. Det. 33.30. Middling spot 37,80 nominal-Associated Press.

NEW ORLEANS COTTON

New Orleann, Sept., 23. Collon futures closed 40 cents balo lower Saturday to 15 cents higher,

Oct. 37.32, Dec. 30.91-37.02, March 30.08-60, May 36.34-36, Colton Spot 60 loading for London 24th Sept. July 35.70-78,

1st half of Oct. cents a bals higher, middling 37.20. 2nd half of Oct.

LOADING

**

}

easy in a country where books are kept in half a dozen languages" and Inrge scale transactions are conducted on я casli basls And even by direct barter."

"Strict anonymity" of tax re- cords would be "impossible," the paper asserted.--Associated Press.

COMMODITY INDEX

Associated Press.

2nd half of Oct.

of

For particulars apply to:-

NOTICE TO CONSIGNEES HOLDING

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

York Building

Tel. 34165,

SWEDISH EAST ASIATIC CO., LTD.

•

HOMEWARD

M.V. MINDORO

loads Hong Kong early October

for

Sald, Marseilles, Antwerp Rotterdam, Copenhagen, Calo and

Gothenburg.

For further, periculars, apply to:-,

GILMAN & CO., LTD.

Agents, TJephone '27871.'

P. & O., B. I. & E, & A. BILLS OF LADING

New York, Sept. 28. The Associated Press composite 35 wholesale commodity prices stood at 142.15 compared with 140.00 Д week ago and 108.63 a year ago.

The food component reached a new high at 130.01.

Industrials, grains, cotton and, textile advanced but Ilvostock

unchanged. Associated

Messra, Goddard & Douglas dropped and nonferrous metals will attend at 10 am, en Mon- were days and Thursdays within the Press, free storage period to survey damaged cargo, and consignees aro requested to have their representatives prosent. Unless consignees representatives are present at the Survey no claims can thereafter be admitted.

MACKINNON, MACKENZIE

Agents

& CO.

P. & O, S, N, Co. BIS. N. Co., Ltd.

E. 4 A. 8.8, Co, Ltd.

San Francisco, Sept., 23. All movements: Lano Victory arrive

from Bulási · Arrivals, Sept. 20, Marine Dragon from Yokohama, Monterey from Yoko- hama, China Victory from. Yoko-. hamn--Associated Press.

Minneapolis, Sept. 23: Saturday: Klour and fax un» changed Associated Press,

It is hoped that the Govern-

Winnipeg, Sept. 23. Saturday closing, October rye $2.30.--Associated Press.

AMERICAN PRESIDENT LINES LTD. Speed-Frequency-Dependability Refrigeration Special Carpe CÃ Tanks-Cargocaire-Specie

S.S. "RAPID"

S.S. "HAMILTON VICTORY"

3.5. "MARINE LEOPARD"

S.S. "NONPAREIL"

SAILING

FOR

20th Sept. Freemantle (Passage

only)

25th Sept. San Francisco and Loa

Angeles.

late Sept. Singapore, Penang, Co- lombo, Bombay, Suez. Port Sald, Alexandela. Leghorn,

Naples,

Genoa, Marseilles, New York and Boston.

3rd Oct. Shanghai, San Fran-

cisco, Los Angeles, New York and Boston.

For Passage and Freight apply to AMERICAN PRESIDENT LINES LTD.

St. George's Bldg.

Tal. No. 28172/28178.

BURNS, PHILP & CO., LTD.

S.S. "MAROSA"

from Australian Ports

Expected arrival

End September or Early Octobor.

For further particulars apply to

GIBB, LIVINGSTON & CO., LTD.

Q. Bulidin

SHIP

"POYANG" "HWALIEN"

SHIP

"EASTERN"

FROM

Australia

Sydney

LOADS FOR

Sydney & Melbourne

For full particular apply to

DUE

Discharging

27 September

READY

Mid-October

MACKINNON, MACKENZIE & CO.

Telephone No. 277214

The East Asiatic Co., Ltd

8.5. "TAUSIS"

of Copenhagen

Homewards M/S "KINA”

IN FORT

in Port.

For further particulars upply to:

THE EAST ASIATIC CO., LTD. Queen's Bldg, 2nd floor.

MAERSK

Tol, 34111 & 84112.

LINE

M.S. "MARCHEN MAERSK"

Loading for Los Angeles, Panama, Baltimore, Philadelphia, -

and New York

27th September,

Sailing on 20th Sept.

for Farticulars please apply. 40

..13

JEBSEN & CO., Agents

Folder Buliding, 7th 2008. (Shipping Department Tal: N6, 22803)