1947-05-29 — Page 8

JAVA-CHINA-JAPAN LIJN N.V.

King's Building, Connaught Road,

Tel: Shipping Dept, 28016. Passage Dept, 28017. Chinese Agents, Connaught, Road, C. No, 82, Tel. 25133.

Ship

m». "TJISĄDANE"

due fron. Shonghal, Amoy & Monin 20th June

M.8. "TJITJALENGKA" Java ports, on or

Sailing for

Jan Puris,

32th June

Amor & Shanghai about 10th June, on¡about 12th June.

ROYAL PACKET NAVIGATION CO., LTD. (ORIENT JAVA AFRICA LINE),

Salling for

due from

Ship STRÄÄT SOENDA" South America Maniin, Singapore,

Ship

South Africa 24th June

Mauritius, Laurenco Marques, Beira, Durban, Fast London, Port Elizabeth, Mosselbay,

Capetown, Buenos Aires, Montevideo, Santos, Rio de Janeiro, early July

(DELI-STRAITS-CHINA LINE)

due from

BES. "VAN REUPAZ" Belawan Deli,

Ship

Penang & Singapore, 13th June

SILVER LINE LTD.

due from

Baiting for Swatow & Amoy. 15th June

Saving for

DS PROPERIDGE" New York, Vancouver. Penang. Slogapore. Manila & Shanghal, 11.5. Atlantic ports 2nd June.

vla Suez.

HOLLAND-EAST ASIA LINE

Sailing for

Ship

due from

MUN

"LORENTZ"

Shanghai

4th June

Colombo Huez/Port Said/

Mania/Singapore/

Genon/Marseilles/

Antwerp Rotterdam/

[Suitable cargo tanks for bulk | Amsterdam; Hamburg!

6.5. "SIMON STEVIN"

3.5. ERASMUS"

Copenhagen Gothen-

burg/Oslo,

4th June.

Europe

Loading for early June Manila/Singapore/

Europe

carly July

Colombo/Suex/Port Said/ Genoa/Marseilles / Antwerp/Rotterdam / Amsterdam Harburg / Copenhagen /Gothen- burg/Osto,

end June.

Loading for

Manita/Singapore /

Colombo/Ruez/Port Said / Genoa/Marseilles / Antwerp/Rotterdam / Amsterdam /Hamburg / Copenhagen/Gothen

burg/Oslo.

early August.

THE EAST ASIATIC CO., LTD.

of Copenhagen

M.S. "MONGOLIA"

loading for

PORT SAID, HAIFA, GENOA, ANTWERP,

ROTTERDAM, COPENHAGEN. GOTHENBURG & OSLO

about 7th June

Tanks available suitable for the carriage of all in bulk.

For further particulars apply to: THE EAST ASIATIC CO., LTD. Jucens Bldg., and floor.

Tel. 34111 & 34112.

Peninsular & Oriental S. N. Co.

SHIP

"MUTLAHI"

"DUNERA”

"TREVETNOE”

"OZARDA"

ARRIVALS

. "EMPRESS OF SCOTLAND"

**TERVAYLOR"

“TREWORLAS"

SHIP

"SAMSOARING"*

“MUTLAH"

"TKEYELYAN"

FROM

.Karachi

& Rombay

U.K., Colombo & Straits U.K. Genoa,

&

traits

Karachi

Colombe

& Bumbay

U.K. & Straits

UK & Straits

UK. Gonna

& Straits

THE CHINA MAIL, THURSDAY, MAY 20, 1947.

BRITAIN NOT POSTPONING STERLING CONVERSION

DETRIMENTAL EFFECT

u de

Wellington NZ., May 27. The

Tiroposed legislation now before the United States Senate to increase the Amert- stan tarif pn wool will have detrimentat efect in the United States-New Zealand trade by restricting dollar grode available to New Zea lund, Mr. N. R. Jamann, the New Zealand Wool Hoard Chairman, auid here today.

Wool prices must be affect- ed t the bill is passed, he

Ita ultimate

effect added.

onld depend a quod deal on how to Germany and Japan were rehabilitated (1) thap mere substantial prewar huyers of the pourer types nf New Zealand wount-Reuter.

N.Y. Stock Market

London, May 27..

Treasury officials in London today categorically denied that Britain is making any move to postpone the worldwide convertibility of sterling by, at the latest, July 15. Britain has already granted convertibility to all her principal suppliers-Argentine as long ago as last September, Canada at the begin- ning of this year and several other countries in February. By the American loan agree- ment she is committed to grant it to all coun- tries by July 15. She is preparing to do it and intends keeping to it.

may.

Contrary to the widespread Uintione-ur whatever, falling Impression abroad, the con- the agreement, Britain vertibility deadline of July 15] grant-convertibility exercised is not regarded in London as by India and Egypt would not kely to aggravate the dollar at all be, a new impact on Bri- position. In one very import tain's dollars; the impact would ant and ponably decisive re- be maly a difference from the apect it should Improve the dol- convertibility they have nirendy lar position and could even been exercising. solve to put July 15 as important date for the sterling balance, but by the time it ar rives it can have little impact on the dollar position.

very

MARKETS

TO CLOSE

"Al principal American markets will be closed on

Friday, May 30th-Memorial Day, Canadian, Brazilian and will ba Argentine markets open as unshi---Heuter,

H.K. Stock Exchange

The market was very quiet. Clay Rates 12 numb

I.K. Gret, lakna. 45% 107, SITE. 10294h.

106,,

Ванка, Н.К. 4 П. Пинк Conceivably it might be down

Ilet.) 112 Chartered Bank 19 rather than up: Britain can hardly go

on making relenaes Merrentile k. A. & 1. 21; m; Bank of

Est Asia (7m from India's sterling balance

Insurance Canton The 420 Unlon rale of 10 million sterling at X D 19th : China Underwriter One obvious reason is that month which prevailed for the 1806; 1.K. Fim Ina, 119. most of the impact has already greater part of last year. She Shipping. Dunglanes 279; 1.K. AT. been taken and more received has been haggling with Brazil Bramboats in Indfchinux (Pref) 19th,

(Reset) 103/ than have been taken before over the difference between 1-5 (Def. 2016; Shetla

1. Waterbania X. tw) 2n, Rights 17. July 15. Convertibility is al-million sterling and 3 million

Docks, Wharter. Godowna, Etc. .K. ready exercised by the United sterling a year.

a K. Whorene #16b 220mm; JL.K. Doelw States and Central America as All told, July 15 in likely to 11: Chins Providents X D 21 = 28cm; well as by Argentine, Canada, bring nothing very dire to the What Dockyarde 28h. - fjolland,

Portugal dallar position as distinct from Belgium,

the sterling balances. Outside) Gen. Teze, of India and Egypt the date: Landa, Huivin & Hidan, 21. A. Hotels may well pass almost unnoticed. 2. H.K. Lands IX. Rin) $ (Rights Dollars are a gathering problem 24h: K. Brelties XD J7n; Chlarer for the world, not in particular Fit 190 the July 15 problem for Bri- tain-Router.

New York, May 27. Dulinesa continued today on Wall Street, with prices drifting stly fractiona to one point lower during early dealings.

and several other of Britain's Leading industriale managed suppliers. This clearly explains to recover from their low levels the excessive rate at which Bri- but most other groups showed tain has lately had to draw on There le or no recuperative power her United States loan.

Amat

very grave question na to and

lossen still

pre-in

how long and how much this dominated.

The bear market will be one drain will continue from this year old at the end of May and convertibility already grunted. But even by the present date during the period its run coun-

there is no impact effect of the actual granting of convertibility

ter to basines trend is perhaps the longest warning on record

of lower corporate profits and to come from any major

country such as Sweden. business nelivity to come.

Caution reflected the lincer. Where convertibility arrange-" tainty of how much of the ex-ments have still to be made is pectable recession has been die counted by the fall in stock prices that has so far taken place.

with big holdera of sterling balances especially India and Egypt. What is commonly overlooked is that if converti- Activity accelerated somewhat bility is accrued automatically In late dealings as buyers Anal- to these countries on July 15 ly succeeded in #apporting in derault of the agreement for oils, releases from their sterling bal- selected tobnecos, raila, Amusements, and wet stocks, ances, it would not cost Brl- The market closed irregular tain dollars: It would give her with mixed price changes from dollara. fractions to one point, The com- postic

average

rate .was practically unchanged-Reuter,

London Stock Exchange

A somewhat

Both countries have adverse trade balances whom Britain has been footing from her ater- ling holdings which are almost their entire external reserves, More convertibility would mean less than no benefit to them and less than no drain on Bri- Lain.

If In default of the agree- London, May 27.

exceptionally ment for releases of their ster- quiet day was experienced in ling balances were automatical- most sections of the market, ly blocked (since the only alter- resulting in initial firmness giv-natives on July 15 would then ing way to dullness as the day be either to unblock the lot or progrussed.

Kafira ware idle and Cape all- ing resulted in lower Кам prices, while cuppers were also lower.

to make the lot convertible and the latter is physically impos- sible) it would not start drain àn Britain'c dollars: it would end it,

This la

were and

unrealistic. As holder of almost their entirel external reserves Britain can-1

2

Industrials. generally, firm, particularly in iron steels and building issues, which attracted a tertain amount of trading, but brewerles sagged. not cut these countries adrift.

while

Credit To

France

Washington, May 27.

Mining. Raub Minen Ton; H.K. - Min

2 Land Go: Humphreys Estates

Publje 01011tira. I.K. Trantways X. Al zeb; Peak Trans 10ldi 111⁄2n, (New!

Biar Ferries 1185; Yaumati Ferrien nt C. Llulita 201da 186 185, 185AK. (New) 10 1: B.K. Eisetrica 10% = 16: Bueno Electries 246 251; Manda- kan Lights 14 n; Telephonės (Old) 53 £2, (New) 12r 32v.

Industriala Canton' Tees 71⁄4ni Cementi 20.K. Ropes 148,

Storm der Dalry Forme 54%L, BAN; Watson X p 4256; Lane, Crawford The War Assets Administra- 489: Aingeren vanb; China Emporium tion today announced that U.S. 74: Bus Co. Ltd. 4K: Kwong Rang $50,000,000 credit had been ex-ng 239: Wing On (11.8.) 18b; Wm.

Powell, Ltd; in, tended to France for the pur-

Miscellaneo, China Entertainmenti chase of surplus war property. ; H.K. Contrastline (Old) 8, The Administration said the Hewlyn: Vibro PR 0h: Mar

Investments 18/3: Maraman, credit was extended under the man

(8.K.) 1/on. which plan recently reached,

Cotton Ewon 105., was comparable to the recon- struction development loans by! the Export and Import Bank.

The arrangement was design-.

Belgrade, May 27. ed to spur surplus sales in coun- The Albanian Ministry of tries which lacked dollars, the Public Security, in a communi. que toda denied Athens.re- Administration added.

ports that an Albanian ship colered Greek territorial waters, north of Corfu, on May 22 and!" exchanged several cannon shota with copstal batteries.-Router.

It also announced that it had extended to, Finland U.S.610.- 900,000 credit for the purchase of surplus war property.-Unit- ed Press.

No "Kick Back" Over Dollar Funds

Washington, May 27,

Military and elvillan supplies for Greece ordered in the United States by Britain but not yet

in Greek hands are likely to be paid for out

of the U.S.$300,000,000 United States ald to Greece

sources programme, here stated today.

authoritative

The commodity share market For India it might mean literal Clarifying the situation, aris- of how much this would mean was lower, with rubbers easing starvation for millions since ing from Mr. Dean Acheson's, in dollar revenue to Britain.- Olts showed minor losSER

India's adverse balance is main- the (Under-Secretary of State) { Reuter. foreign bands were neglected. Among foreign ralis, Argentina ly for essential food Imports,

Whatever releases may be agreed at the forthcoming nego

DUE

30th May

1th Juue

and Uruguyans were harder. Reuter.

June

A BRITISH CROSS WORD PUZZLE

Mid June

23rd June

7

July

August

Bombay, Colombo

8

10

READY

6th Junc Early Juno

13

June

SAILINGS

TO.

Straits UK. Japan

Strollo, Genoa & UK,

*Accepts cargo for London, Antwerp & Botterdam. Also

accepis cargo for Madras vis Singapore on through.

bills of lading.

British India S. N. Co., Ltd.

ARRIVALS

FROM

.........Rangoon

Eastern & Australian S. S. Co., Ltd.

ARRIVALS

SHIP

"EMPIRE NĮGIFTGALE"

*SAIP

"EASTERN"

SHIP

"NELLORE”

"EASTERN" "EASTEŘN"'*

FROM:

18

19

190

DUK

Discharging

27

DUE

Applialla & Manjia Discharging SAILINGS

TO

READY

Bydney, da: Molbourne 2nd June via Sandakan,

Rnbaul & Torokina

Yokkaichi

(Japan)

*Accepts cargo on, through bills of lading

for Now Zaslána Forte..

For full particulars apply to

Clues Across -

3. In bondage. 17. Arithmetical

7. Audibly.

8. Examince carefully.

point,

18. Warded off. 20. Lako. 21. Lasting. 26. Life's work. 27, Hider, memory. 28. Portion,

10. Show.. 13. Repentad from

[14

15

23

124

26

28

Cluos Down

1. Bet, 2. Bubject. -B, Docreo.

4. Bun

easily,

5. Proy,

6. Dreary.

0. Roquired.

14. Gather. 16. Clergyman. 10. Fur

19. Diverted, 19: Bullda. 22. Grates.

29. Beslogs.

24. Went

wrong. 10, Saltpotre. 25. Succoanor.

11. Duab,

1st June

Early July

15. Passport en- 29, Parlous

dorsement,

Teaser: 27. Bopia; 20. Emits; 20;

MACKINNON, MACKENZIE & CO.

Telephone Nos, (27721-4.

Yesterday's Crossword closed.

statement last week that there' would be "no kick back" to Bri- tain out of these funds, these sources confirmed that it TV AH most unlikely that Britain would be granted any "blanket" cơm- pensation for the expense she

Notice to Consignees Consignees per

S.S. "SAMAFFRIC”

&

had incurred since March 31. are hereby notified that their This was the dale beyond cargo la being discharged into which Britain previously stated the Hongkong

Kowloon she would be unable to continue; Wharf & Godown Co's godown, to austin the burden of Greece where it will be at Consignees' and Turkey.

rlak and subject to the Whorf's

It is also expected that mill- terms and conditions of storage, tury supplies ordered In tho and whore delivery may be United Kingdom but not yet in obtained. the hands of the Greek Army will be paid for in dollars if the American Military Miaston now la Greeça considers they are needed.

Now that both the Grook and Turkish Armles are already equipped with Brilish materials, it is considered that no further orders can be expected for Bri- tlah. goode

of a similar type to be placed and paid for in United States dollars.

There is no estimate available

NEED OILING THEMSELVES?'---

Vienna, May 27. Mombera of the Four-Power. Auxxlan Tecaty Contals ion được

Damaged packages are to be the Godowns for left in examination by Consignors and the Company's

surveyors, Mesars Carmichael and Clarke, at 10 a.m., on 30th May, 1497.

To comply with the General Bonded Warehouse Regulations Consigneca must have a Revenue when Officer in attendance damaged, dutiable goods are: examined.

No claims will be admitted after the goods have left the steamor's godowns, and all uratelivered goods remaining after the 2nd Juno, 1947 wil be subject to rent;

All claims against the stepmer day. failed to agroo on the way must be presented to the under- they will deal with oil.

The Saviot dolegate, Genaral signed on or before the 10th Novikov, fusisted that oll be dise June, 1947, or they will not be cussed before the fact-finding recognised."

committee studying German as-

nota in Austria: gives. Its report No Fire Insurance will bo -and-that is be treated separately. | affected.

The other members hold that

of should be discussed by tho fact-finders with other problems. The British delegata,, Biz Goorgo

Downt-1. Beamwart: 2. Dome- | Rendel,; and a new team of ox

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

Agents,

Ben Line Steamers Ltd.

Across:~nd, Bedlam; §. Drapis Jct;:8. Alary Amiantion; 5. De- perku ats expected to arrivo un Levent Airman, 10. Legeri divesi. 4. Respetár:7. Prosa;314. Friday and then it is thought 11. Strip: 12. Galny 18. Verno: 16. Kequents). Id. Exploredja 10; that new life may be instilloin Hong Kong, 27th May, 1947. Cohero 18. Corner: 20. Tlisi, 28. Createns 17. Heretios 10. Oldent; to the Commleton's work--Beur Gull; Rð. Darest 15.: Oiret) 26, 912: Idlem: 24;:Healt

AMERICAN PRESIDENT LINES.

REFRIGERATION—SPECIAL cargo oil TANKS-

„CARGOCAIRE-SPECIE

SAILINGS

SAN FRANCISCO AND LOS ANGELES VIA SHANGHAI, KOBE, YOKOHAMA & HONOLULU

98 "Gonoral Molgs"

BB "General Gordon"

S. "Marino Lynx"

Jung

June

27

July

12

NEW YORK AND BOSTON VIA SAN FRANCISCO AND LOS ANGELES SS "Lano Victory"

June

:: NEW YORK AND HAVANA VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, SUEZ AND MEDITERRANEAN PORTS 89 "President Folk"

SS "Wills Vickery"

93 "Scott E. Land”

88 "President Madison**

SS "General Helge"

ཡུསྶ

May

31

June

22

July

28

MANILA

May Jun

31

0

BOMBAY VIA MANILA, SINGAPORE, & ́MADRAS

SS "Marine Adder"

June

AMERICAN PRESIDENT LINES, LTD.

Tel. Nos. 28172/28175

St. George's Bldg.

13

Pacific Far East Line, Inc.

TRANS PACIFIC SAILINGS

To San Francisco & Los Angeles

SPECIAL CARGO OIL TANKS-

8.5. "CONTESI"

.. "MIDNIGHT**

5. "FLYING DRAGON"

1.8. "LUXEMBOURG

VICTORY"

A.K. TRADE WIND"

Dua

May 31

Saile

May 21

Direct

June

0

June

7

Via Yokohama

11

12

Direct

12

20

H

Via Yokohama

20

21

Direct

Superboam Pioneer Lime

Arrivals from New York, Boston, Other Atlantic Ports via Panama

Due B.. "COURSER" 9. "AMERICAN FLYER"

ན

*

May 31st

Juno Dih

Sailings to New York, Boston, Other Atlantic Ports via Panama Canal SPECIAL CARGO OÍL TANKS -

Falls

B.. "COURSER" 54. "AMERICAN FLYER"

"

For Fall Particulars Call

June 9th

June 11th

UNITED STATES LINES CO.

General Agents

814, Queen's Building.

Tel. 81251 (3 linea)

The SWEDISH EAST ASIATIC Co., Ltd.

HOMEWARDS TO EUROPÉ

M.V. HAINAN

Loading Hong Kong 31st May/1st June

Tanks avaliable suitable for the carriage of oil in bulk. LOADING FOR

PORT SAID, GENOA, MARSEILLES, ANTWERP ROTTERDAM, COPENHAGEN, OSLO AND GOTHENBURG.

For further particulars apply to:-

GILMAN & CO., LTD.

Agents, Telephono 31116.

KLAVENESS LINE

SAILINGS

Direct to LOS ANGELES, SAN FRANCISCO, PORTLAND, VANCOUVER & SEATTLE,

... SAILING 8rd. JUNE

SAILING 6th JULY,

m.s. CASTLEVILLE m.9. GRANVILLE

ARRIVALS FROM PACIFIC COAST

ms. GRANVILLE ...

DUE 5th JUNE

SAILING FOR SINGAPORE 7th ́ JUNE

PASSENGER ACCOMMODATION.

Chinese Freight Agents,

HOO FOOK PING

THE DANK LINE (China) Ltd.

BULK OIL TANKS.

Apply

THE BANK LINE (CHINA) LTD. King's Building.-Toi. 27702.

HONGKONG-MACAO LINE

S.S. "Wing Hing

DAILY SERVICE

5.30 PM. --9.30 A.M.

Hongkong Departure

Mecas Departure

Hongkong Berth

Tung On Wharf Connaught Road, Centräf:

For Freight & Passage plebno apply:

TAK CHEONG SHIPPING CO.

Whlinsway Laidlaw - Buliding

Phones 20115