1946-10-01 — Page 7

DE LA RAMA LINES.

M.V. DONA NATI

LOADING FOR

HONOLULU, LOS ANGELES, CRISTOBAL & ATLANTIC COAST PORTS

7th OCTOBER

THE DE LA RAMA STEAMSHIP CO. INC.

Chloeae Shipping Offic Fedder Building

TEL: 23576

Tel. 20150

BUTTERFIELD & SWIRE

1. CONNAUGHT ROAD CENTRAL Telophones: 80881-8 Private Exchange.

Agonts: CHINA NAVIGATION CO., LTD.

"NEWCHWANG"

"HUPEH"

"FOOCHOW"

"FENGTIEN"

"HUPEN" "FOOCHOW

"FENGTIEN" "FUKIEN"

SAILINGS TO

Singapore & Penang 4 p.m. 4th Oct. Shanghai, Tsingtao & Tientsin 4 pm, 4th Oct. Singapore & Java 2 pm, 7th Oct. Shanghai 2 p.m. 7th Det.

ARRIVALS FROM

Swntow 1st Oct. Shanghai, Keelung & Amay 3rd Ort. ..... Singapore 4th Oct. Java & Singapore 5th Oct, Bangkok, Salgun & Swatew 15th Oct. Singapore 16th Oct.

"KWEIYANG'

"NINGHAI"

CANTON RIVER LINE

"FATSBAN”

Sails 11 n.m. 1st Oct. Arrives 2,30 p.m. 3rd Oct. Salls 4 nm. 5th Oct. Arrives 3,30 p.m. 7th Oct.

Agents: BLUE FUNNEL LINE

UE. SERVICE

Salling

"PROMOETHEUS"

11th Oct.

+

"SAMOA"

"SAMAFFRIC”

"SINKIANG"

Arriving

3rd Oct.

Mid. Oct.

12th Oct.

Mid. Oct.

“ANTILOCHUS"

NEW YORK SERVICE

"LYCAON"

20th Oct.

Arriving

"GLAUCUS"

3rd week Oct.

Agents:

For

Port Said, Liverpool

vin Straits.

From

U.K, via Straits -do- -do-

سلام

From

New York

AUSTRALIAN - ORIENTAL LINE, LTD.

"YUCHOW"

Arriving

Mid. Oct.

From

Australia

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

DOUGLAS 'STEAMSHIP CO., LTD.

S. S. "Halyang"

Sailing for Swatow, Amoy & Foochow on or about 10th October

Subject to alteration without Notice.

For Particulars of Freight & Passago, Please apply to:-

DOUGLAS LAPRAIK & CO.

General Managers.

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

or

CHINESE SHIPPING DEPT.

20 Connaught Road, Central. Tel. 24639.

BEN LINE STEAMERS LIMITED.

.SAILINGS TO U.K. VIA_STRAITS,

S.S. "DENCRUACHAN"

3.S. "BENLOMOND"

8.3. "BENALDER"

SS. "BENLOMOND”

S.S. "BENCHUACHAN”

FREIGHT ONLY.

VESSELS DUE

LOADING

Discharging Kowloon Wharf, 3rd Oct.

.loading for London Ist half of Oct. 2nd half of Oct. 2nd half of Oct.

"For particulars spply to!-

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

York Building

Tel. 84165,

THE CHINA MAIL, TUESDAY OCTOBER 1, 1946,

Full Demonetisation

Of Silver

(By Sidney Gampell, Reuters Financial Editor)

London, Sept. 29.

!

The United States silver bloc has insisted on lend- lease silver being returned in kind to enhance silver's monetary status. The effect, however, is completely to demonetise silver in Britain and almost certainly in India. Since the end of the 19th century, silver's coinage demand has been falling while industrial de- mand has been increasing. The metallic value of the British shilling prewar was about two and a quarter pence but is now over five pence owing to the higher price of silver. The metalle value of the new | the year 760 A.D.) had been Filling will be abant one twen-92.5 per cent fine, were debase: theth of a penny. The metallic to 50 per cent allver and are now valee thus will not exerul the bedug further debased to zero. At face value unless and until the present official price of silver. base metal prices intense 24,000 even the pre-1920 shilling wou'd

will presumably still be worth er cent, which

only about ten take some time.

The official price of silver is 66% peres per ounce and it is incult to obtain at tint, where Ay nickel costs three farthings and copper below ounce.

halfpenny

Der

pener in metal but at the present free market price (which about 73 penco per ounce) there would be about a ten per cent profit In melting them down-rather a uner return for holding them se lonk. Theoretically. the debasement The date for starting and com. will yield jirodit

of lend-lease of about pleting the return £50,000,000

The Treasury.silver to the United States is in- Since as f this silver, how definite, since it is five years after sver, must be returned to thu the United States President United States, the profit will be formally declares the end of the The declaration perly cominal. The prift will war emergency. h real, however, on the nation has not yet been made and on the

A

to

reld in the market.

No Hoarding

Some may be available for the market, since the aggregate silver picted by the debasement of both Britain's a

India's coinage should exceed the $27,000,DÚB unces which the United States iend-leased to the British Empire The full yield from British coin- are alone would approximate

mrvertent of the rat world war. it may be delayed for some that, -Reater.

N.Y. Metals Review

New York, Sept. 30. Copper production continued high throughout the week bat! was unable to entch up with

the demand.

- Steadily mounting prices were reported in the foreign market with recent sales up to 17 cent a pound in New York.

Fabricators said that finished and semi-finished products ship- ped in August totalled 119,044 tone of upper erntent.

At the end of August the backlog of unfilled order was 666,000 tons- guln of 28.000

tous in a month.

Lead consumers continued to

receive only a small part of the tonnages requested.

#t

The foreign price held 10.25 cents a peund at Gulf ports.

Sheet steel mills reportel they were booked solid for the rest of the year.

Kome

Plate makers aleo were swamped. Steel companica using pig iron to offset scrap

leaving shortages aro foundries short of iron.

The Government launched a drive to get scrap from farms

-Associated Press.

Leading World Back To Prosperity

New York, Sept. 30.

330,000,000 oraces. The British The committee on foreign economic relations of

operation will be nearer 100 per

than cent guccessful

India be- couse FOY Ladjans (though Cardly any Britishers) will hour shiver coins even though their etallic value is below their face value, unless and until the Bombay bullien maiket 25- elably exeeds 200 rupees my com pared wil the present price of 100 rupeen.

the Twentieth Century Fund says the United States must assume the initiative in leading the world back toward a flow of international trade and rising prosperity and a chance for enduring peace.

A special set of recommendations issued by the committee today outlined a broad policy for revitalizing world trade and "aiding countries that show a real desire and capacity to improve their own lot and become self supporting members of the open trade system."

All 327,000,000 ounce of lend lease silver were underwritten by Britain though India xut 226,000,- 2000 of it. Much of Britain's silver return to the United States will thus be on India's account. The settlement of it will n sumably form part of the fort coming negotiations between Bri tein and Indin on war debts as a whole (lin's sterling balances).stattered economies.

The main pointa advocated Į were:

Poor Return

In 1920, Britain's silver coins which for over 1,000 years (since

SOVIET HARVEST

OR AL

"Direct

business aid adequat, but realistic basis fron the United States to help war ex- hausted countries rebuild their

"The Export-Import Bank to be given primary responsibility and increased resources to carry out the American share of his re- habilitation programme.

More Imports "The International Bank for Reconstruction and Development concentrate primarily on financing longer term inter national reconstruction and Giu velopment programine; und pru- vide in financine each programm" for sharp acceleration in case of In depression.

Moscow. Sept. 30. Soviet agricultural oficinis anto Hounced today that more than 80 per cent of the nation's grain and leguminous crops were inr vested by Sept. 20. This included 166,000,000 acres of grain un col fective and peasant farmis. Tho winter wheat planting ia. well un derway in southern Ukraine and the Stavropol region!--Auoclated Presa.

SHIP MOVEMENTS

MORE PAPER

London, Sept. 30. Te Huard of Trade today an- nounced an increase in pater for bulletins, effective.. magazines, periodicals and news

Nov. 1. 1

will be a rise from Di per cont to 13 per cent of prewar con- sumption-Associated Press.

U.S. Auto Industry

Detroit, Sept. 30.

wall

The United States automo- tive industry enters the Anal quartor at trying to produce more than 100,000 cara ʼn week. - Manufacturers may hit that level but there is little chance that they can maintain it. The highest post-war week 31,000 in the week ended Aug. 24. Last week's figuro was roughly 85,000.

There is a possibility that facturies will produce 100,000 in October'e 20 work- vehicles ing days. Present indications ard that they will operate only 10 days in November and 19 in December.

Slightly

under 2,000,000 three quarters of the year. unita were produced in the st

The origiant schedule called Approximately one-third of the for nearly twice that number.

output were commercial vehi cles, trucks and motor coachica. continge Replacement parts to be a problem with little prog- pect of improvement until more material is available. Asso- cinted Press.

Change In Steel?

is a

Cleveland, Sept. 30. The muzzine Steel reports some small sfrus appearing which Indicate a sharp change in the atce] market picture probably within the next six moulins.

Steel says "the demand for steel from manufacturers shade lighter and there have been same cancellations of tonnage place for delivery next year."

The magazine sald te prim- Gry causes uncertainty on the hart of manufacturers in 1egard to future expansion programme. The primary cause of his un- certainty is the near impossibility of completing any plant expan- sion due to ahortages of bath materials and labour. *Continually rising

costs also have entered the pictare. altering* the market for new products to a considerable extent.”

Steel said continuing of the present production will bring de- mand and supply into balance lu a number of products early next year-Associated Press.

Washington, Sept. 30 The Office of Defence Trans- portation today forecast that the car shortage will soon force some plants to curtail prodne- tion.Associated Press.

Attack On London

By

German Leader

Hamburg, Sept. 29.

"Expansion

United Dr. Kurt Schumacher, president of the German of the States volum of

imports by Social Democratic Party said in Brunswick to- technicat changes in administer-

day that "there are departments of the mili- ing our tariff lawa ko na lo en-

tary government from whose conduct one courage Imports and. by prompt

reciprocal would not always gather that there is a Labour

Government in London."

and vigorous ne of

Stock Pile

&

Leads agreements, act to expand our own and the world's volume San Francisen, Sept. 39.

Dr. Schumacher, who is also tunity to show what it can de Ship arrivals Sept. 28. Tukar of trade.

President of Lis Advisory Council Only a Germany which knows Coquille from, Manila, Army

Eastern

For Western for the British zone, was refer- neither

only Hermitage

an ali. transport

Im Manila.

Viclery

a central lock ring to the right of free speech orientation, but "Creation of Swarthmore

when addressing

has any ជុងអ៊ 'de- European orientation pile for raw materials and prime from Shanghai

eense and only such a Germany monstration. Departures Sept. 28. Marine commodities; buying and storing

"It should not be overlooked," is worth living for."-Reuter. them when work trade is slowed Added for Manila.—Associated |

when he said, "thut reai democracy does them selling down and

any of the four oc world markets become

active not exist

cupation zones because the au again."

The camtaittee sak the creat-thority lies in fact with the mili

tary rovernments." est world danger comes from the ponsible ups and downs of a book and bust cycle in this country." Associated Press,

Fress.

NOTICE TO CONSIGNEES

S.S. "BENCRUACHAN"

Consignees are advised that

the Survey of damaged packages | will be held in the Kowloon

Liberals

Wharf premises where they Decline

will be examined in the presence of consigneen by Mesers. Car- michael & Clarke at 10,00 127. on Wednesday the 2nd October, 1946.

POPE's

APPEAL

TO WORKERS Stating that the German people cannot live for over under the

Castel Gandolfo, Sept. 30. Pope Pius XII, nddressing 700 present conditions," Dr. Schuma delegates of the Christian Asso- chor continued: "The Atlant:ceinion of Italian workers gather- Charter. should

become aed at the Papal summer estata farce bringing to life anything here, yesterday bade them pay na opposed to Germany and postpon- heed to the "nonstrous calumnies" ing everything else ad infinitum." keing opread. "especially among He added: "The time has come the working classes" against the to keep promises. A prombe church.

not

has been given to the German He warned the delegates, who people that it should not be un- have been holding a National Con. slayed. But the democratie dallvention in Rome, "to ban the Athens, Sept. 30.

to band small matters

are of no avail unless in some courage not to give your ad- King George's efforts

a purely German herence and collaboration" opposition parties together re responsible authority сал take movements "which will despise it Feelved a set-buck wherd former effect. The time has come to give and which trample on the laws of

Teople *W.R. Loxley & Co. (China) Ltd. Premier Themistokles Sophoulie, the German

the oppor God."-Associated Press.

Agents

Ben Line Steamships Ltd.

NOTICE TO CONSIGNEES HOLDING

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

PRINCE LINE

Due from U.S.A. & Shanghai End Oct.

Agonta:

leader of the Liberal Party, declic- ed to join the Cabinet headed by Royalist Premier Constantin Trai daris to contact opposition, lenders as the King's representative. Sophoully

that the King S.S. "SAMMEX" should have called a meeting of the opposition to discuns problenu Loads for Straits and New York. Early November Sophotlis said the coalition gov- ernment should be formed without the extreme Left Wing and he was willing to assume responsibility Messrs. Goddard & Douglas for the forming of such a govern-

[ment. wili attend at 10 am, on Mon- days and Thursdays within the nighters" continued attacking rail- The outlawed bands of "freedom free storage porlod to survey ways and communications be are requested to have their

Forays by 10,000 freedom. representatives present Uniss 6ghters" from the mountains cop- consignees representatives artinued and urmies don't against present at the Survey no claims them were unable to use motoris ean thoreafter be admitted.

ed operationa-Associated Press. MACKINNON, MACKENZIE

SWEDISH EAST ASIATIC CO., LTD. damaged cargo, and consignees tween Athens and Salonika.

HOMEWARD ·

- M.V. MINDORO

"loads Hong Kong. October 4th/5th

for:

Port Said Maravilles, Antwerp Rotterdam, Copenhagen, Oslo and

Gothenburg.

For further particulars, apply to:--

GILMAN & CO., LTD.

Agenta, Telephons 27871.

& CO.

Agents:

0. B. N. Co. B. I. B. N. Co., Ltd.

E. 4 A. 5.8. Co. Ltd.

Washington, Sept. 30. -OPA has fixed ́s maximuni price for the Kaiser special four-door sedan at 81,845 and, for the four-door frézor pojas ut $1,705.—Associated Pres.

JARDINE, MATHESON & CO., LTD. Chinese Freight Agents:-CHEONG FAT CO.

Telephone 20037

TAK CHEONG SHIPPING CO.

S.S. "EMPIRE JAMAÏCA” Loading 2nd Oct.

Sailing Brd Oct. For SWATOW

· For Freight & Particulars please apply

TAK CHEONG SHIPPING B

Whitenway. Laidbaw Building, Tol. 26128,

tu

JARDINE, MATHESON & CO., LTD.

SHIPPING DEPARTMENT 16 Pedder tross

Tel. 80311.

General Manager.

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

S.S. "KUTSANG" 3.5, "MAUSANG"

S.S. "KUTSANG" S.STAKSANG" S.S. "WINGSANG"

9.S. 'EMPIRE FARRAT” 5.S. 'TBANG" S.S. "EMPIRE WITHAM” S.S. "MAUSANG" 5.S. "EMPIRE FRASER"

SAILINGS

to Shanghai 6th Oct. to Strolla & Calcutta "5th "Dết.

ARRIVALS

from Calcutta & Straits 5th Oct. from Rangoon 3rd Oct. from Shanghai 6th Oct.

IN FORT

Cosmo. Dock. Kowloon Deck.

(Ben Line Berth) Howloon Dock.

Subject to alteration without notice.

Buoy A,10. Buoy A.14.

All intending Passengers are requested to register their names 'as far as possible to advance of the line at which they wish to leave

Agonts: GLEN LINE LTD.

6.S. "GLENAFTARIC”

S.S. "SZECHURN" M.V. DENBIGHSHIRE

'Arrd. from UK. Holle Wharf, Loads for Rotterdam, Antwerp, Amsterdam & Landon 10th Oil

dus from UK-6th Oct.

due from U.K.-end Oct.

Managing Agents: AUSTRALIA CHINA LINE

M.V. "KAFIRISTAN"

S.S. "PERIOD“

.Looda for "Sydney, Melbourne,

Adelaide 2nd October.

due from Sydney Mid. Oct.

Agents: THE WESTERN CANADA

STEAMSHIPS LTD.

PENINSULAR & ORIENTAL STEAM NAVIGATION COMPANY

Ship

"RENALDER" "OTRANTO"

From

Dub

U.K.

Early October

U. K.

13th October

"EMPRESS OF

11. K.

20th October

U.K.

U.K.

V. K.

AUSTRALIA" "TREVETHOE" "GLENIFFER" ́ ́"TREVÄYLOR”

due Colombo 4ll Out., Singapore 8th Oct.,

Ship

Londa For

"SAMETTRICK"

UK. via Straits

October November November

Ready

· 10th October

Accepts cargo for LONDON, ANTWERP & ROTTERDAM

BRITISH INDIA STEAM NAVIGATION CO., 1

SHIP

"BINFIELD"

SHIP

FROM

Ron goon LOADS FOR

"BINFIELD" Straits, Mad ras, Calcutta.

, LTD.

DUE

Early October

READY

„End-October

EASTERN & AUSTRALIAN STEAMSHIP CO., LTD.

SHIP

"EASTERN"

LOADS FOR

READY

Mid-October

Sydney & Melbourno

For full particulars apply to

MACKINNON, MACKENZIE & CO.

Telephone Nos. 27721-4.

AMERICAN PRESIDENT LINES LTD.

Speed-Frequency-Dependability

Iefrigeration Special Cargo GR Tanks-Cargocalre-Specia

SS. "NONPAREIL" 2.5. "MARINE LEOPARD"

FOR

SAILING

4th Oct. Shanghai.

5th Oct. Singapore. Penang. Com lombo, Bombay, Butz, Port Said, Alexartärin. Naples,

Leghorn,

Genoa, Marseilles, Now York and Boston

S.S. "PRINCETON VICTORY" Mid Oct. New York & other

ports.

For Passage and Freight apply to: AMERICAN PRESIDENT LINES LTD.

Tel. No. 3819/20145.

40. Goorge's Bldg.

MAERSK LINE

M.S. "MARCHIEN MAERSK” Loading for Los Angeles, Panama, Baltimore, Philadelphia, Boston

and New Yor

30th September, For Particulara pisany syply to:--

JEBSEN & CO.. Agonta

Pedder Bilding T -(Auloping Drsäktment TM. No d