1947-06-26 — Page 10

JAVA - CHINA - JAPAN LIJN N.V.

King's Building, Connaught Road,

Tel: Shipping Dept. 28016.

Poskage Dept, 28017..

Chinese Agents, Connaught Road, C. No. 82, Tel. 25133.

Ship

due from.

m.s. "TJITJALENGKA" Japan.

ms. "TJISADANE"

Shanghai.

Amoy

5th July

Maensar &

Java Paris.

on or about 16th July

Salling for

Singapore, Palembang. Java Ports & Macassar Bih July,

Amoy & Shanghai, on

or about 18th July,

ROYAL PACKET NAVIGATION, CO., LTD.

(ORIENT JAVA AFRICA LINE).

-STRAAT SOENDA" South America Loading for

Son Arlea

Shanghai

early July

Mauritius, Lourenco

Marques. Beira, Durban, East London, Port Elizabeth, Mosselbay. Capetown, Buenos Aires, Montevideo, Santos, Ilo de Janeiro, early July

THE CHINA MAIL, THURSDAY, JUNE 26, 1947.

TRADE DISCRIMINATION

N.Y. Stock Market

New York, Junь- 25. Witdespread Union walkouts following the Senate's overriding of the Latur B vete touched stock market of the sharpest reaction since the middle of May. Motors and Steels were soft and Josses generally ranged from one to three or more polata.

fransfers

shares.

included

It wns the broadest market Stenl since May 19. Bethlehem yielded at 82. Chrysler, 2% at 100% American Smelting, 53', Other casualties Republic Steel, Youngstown Sheet, United States Rubber, American Telephone, Electric Light 12 Power,

Transhipment cargo on through Bill of Lading accepted 61.75; 20 Industrials For Dar-Es-Salaam, Mombasa, Zarsflur.

ms. "BOISSEVAIN" In reconversion Loading for South African

South American August

Suitable cargo tants for bulk ol

(DELI-STRAITS-CHINA LINE)

ms. "VAN HEIMIZ”

Helwan Dell,

Penang & Singapore,

LIT

or about 17th July

SILVER LINE LTD.

m.v. *DERWENTHALL"

'ES. Atlantie

ports via India July

v. "SILVERSANDAL" Persian Gulf ports

& Karachi, July

Swata Amoy.

U.S. Aliantle ports via Straits and Surz. July

US. Atlantie poris via Straits and Suez, August

HOLLAND-EAST ASIA LINE

■S. "SIMON STEVIN"

Europe

30th June

Sur:able

Loading for

Manila /Singapore /

Colombo/Suez/Port Said/ Genua/Marseities/ Antwerp/Rotterdam/

carga tanks for bulk pilį Amsterdam Hamburg/

1. "ERASMUS”

Europe

early July

#S. “HEGO de VRIES' Europe

Early August

Copenhagen/Guthen-

burg Oslo,

and July.

Loading for

Mania/Singapore/ Colombo Suez/Port Said/ Genoa /Marseilles/ Antwerp fitotterdam / Amsterdam/Hamburg/ Copenhagen/Gothen-

hurg/Oslo.

end August.

Loading for Manila Singapore/

Colombo Sunz/Port Said! Genoa Marsellies/ Antwerp Rotterdam/ Amsterdam Hamburg/ Copenhagen - Gothen- burg Oslo,

early September.

Peninsular & Oriental S.N. Co.

SHIP

"TREVETHOE"

**I REVAYLOR" STELWORLAS"

""TRESILLIAN"

SBI

“MUFLAI" x

"EMPRESS OF

SCOTLAND"

TREVAYLOR"

ARRIVALS

FROM

.U.K. Genoa,

Bombay, Colombo

& Straits

U.K. & Straits

Ų K. Geno

& Straits

Bombay, Colombo

.U.K., Genoa.

Bombay. Colombo & Straits.

SAILINGS

DUE

Discharging

14th July August

August

TO

READY

Straits & Bombay

Straits & U.K.

...Kobe

28th June

29th Juna

July

> Accepts cargo for Madras, Karachi & Persian Gulf Ports on through hills of lading

British India S. N. Co., Ltd.

Passengers & Freight to India

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

ARRIVALS

"NANKIN"

FROM

Australia &

DUE

August

New Zealand

For full particulars apply to

MACKINNON, MACKENZIE & CO. Telephone Nos. 27721-4.

HONGKONG-MACAO LINE

DAILY SERVICE

Leave ILK.

8:S. "WING HING"

1.30 I'M

Hongkong Berth

Leave Macka

3.00 AOT

Tung On Wharf

Connaught Boad, Central Macao Bertha No. 20:Wharf

For Freight & Passage please apply :---

TAK CHEONG SHIPPING CO. Phones 23110 Whitenway Laidlaw Building.

PUSTER

Reaction H.K. Stock. Sharp

Exchange In Shanghai

Shanghai, June 25. The "North China Daily News," commenting, In an editorial, on the action of Far Eastern busi- ness groups, Insisting that American loans be held up until the discriminatory measures against American business are removed, sald today:

Daily!

Dollars For

Jap Goods?

16.81

pence

per

The market was rather quiet during

AMERICAN PRESIDENT LINES.

REFRIGERATION-SPECIAL CARGO OIL TANES—

CARGOCAIRE-SPECIE

SAILINGS

SAN FRANCISCO AND LOS ANGELES

VIA SHANGHAI, KOBE, YOKOHAMA & HONOLULU

the morning on closing at moon, auch

WAL dane being buziness but yesterday rimming quotatione

acount

eneration of Hotels

light dreline,

which

with showed

the

A

An agen obat h

BS "General Gordoy”

88 "President Jefferson" (via Manila)

SS "Marine Adder" (Omits Honolulu)

SS "General Melgs"

II. Cor. Leena 45 10716, 11577 1084b.

Task THIGH B. Banka. H.K.

(Lon. Fire.) 1825/0 Chartered Bank 11 Meremulle k. A.

£220 tank of Emat Auf 100b.

415; Union ingrances. Cablan Ins

*inderwriters 2.80% Ine. T50%: China R.K. Fire Tem 11%.

Abipping. Umugizures 2ilin; I.K. #M. Indo

Chiass (Prefa Brembo 11: (X D) 101, (Def.) X D1 79: Nh={ (Beater) SDX/In: U. Waterbents (X. R14) 286 81/20, Itlahla 16.

Dock, Wharton, Lodown Etc, H.K. a K. Wharves 200 H.K. Docks 2016 « 3: Chinn Providents 210: B'hal Dock- Yardo 16.

Mining. Raub Mites : Miner

Lands, otrie & Nidas. 1. 8. Hotel

(New)

totalled 1,000,000"What has been commonly talked about in Shang- hai for months past has now been dragged out into the open and the average foreign trader will doubtless remark, 'And about time too'."

China The "North News" referred to the actions of the Far Eastern American) Council of Commerce. and In dustry, National Foreign Trade | Dow Jones Average: Stocks Council and American Chamber

London, Jung 24.. 174.04; 13 of Commerce in Shanghai in!

Cotton cloths imported from Etaix 45,60; 10 Utilities 34,32.

protesting against the am-1 Closing quotations:-

stringing of American business Japan for processing in Bret Adams Express 15 Alaska in China by the recent Institutain, and re-cxport to certain Junenu 5, American Cantian of controls and discrimina Empire territories, were bought 214 215/50: ILK. Lands (X. Ju

United States Com-78, Right 21% -21% ha landa 24 LK. American Snelling 69, Ameri- tion in favour of certain Chin- from the can Telephone 11, American ese business houses to the detri- merelat Corporation at prices 5: Humphreys Kalatre Foneen 72, Angerican Water-

ranging from 6.96 pence to Beatles 1645; Chinear Estates 1906.

Public Utiltire, H.K. Tramways 2841 ment of the American. works 15, Anaconda Copper 34.

linca yard, Aviation Carp. 5. Baldwin

"It may

45 Rtr Yerrien 120; Yaz be remarked

that fo.b. Japanese port, anid Mr.: Prak Teams Olds 10. Locomotive 18, Barnedali 2

the grievances which these John Belcher, the Parliament-mail Perel 1 C. Idghts (0) 14

(New) 10: 11.15. Bendix Aviation 31. Bethlehem

82 bodies have.. aired are ary Secretary to the Board of 18 15.86/.70.

DI $141 Electric X 15 Stect 52 Being Alveraft

common to all foreign traders Trade, in a Parliamentary reply Electrics 214: Bantakan Light Barden Ca. 31, Canadian Pacife

18n; Telephones (Old) 0 484, (N. 11. J. I. Case 36%, Chryder

in China and it is doubted whe- today.

Ile was replying to Sir John 19 m. 100% Colgate

40. Commercial ther there is any foreign na Solvente 24. Corn Products Gl

business in Barlow, the Libera! National, Industriais. Canton Teen 740; Dements tionality doing

nt

24% 25% 25/20% H.K. 18.40 183an. thport 189, Enstruan Kudak 43%, China which cannot complain who had naked the price

which 64.000.000 yards of Ja- Electric

144 of the same discrimination." Light & Power General

General Electric 35,

The newspaper said that dis-panese cotton textiles would be Motors 67, Goodrich 5, Good-

15 Humextake

crimination was denied from sold to merchants in Manches- Mining International

time to time but "these denialster, and what profit the British Harvester 6 International Paper 46%, cumot le believed in face of Government expected to make. ile also wanted to know what & Tel 1 notorious facts. They are not Johns Manville 44. Kennecol believed for it 14 apparent that profit the United States Gov- Copper 43, Montgomery Ward favoured concerns can and do ernment would make, and

Government VIS 07.

National Ulstillers 20% import goods which

ban the British are Satomi Lead 1, New

Chinese paying dollars for these goods.K.) 1/6n. that favoured Central HAN.

Packard Motors net.

Grms can obtain licenses to im--Reuter. Pan 15.

American Airways 10 port which a foreign business,

10% Pennsylvanta RR 10, Radio Corp.

the same lines, , Republic Strel 24, Reynolds operating on Tabnero 41 Schenley 27

cannot obtain or, if they can, not in the same proportion as their Chinese competitors."

yone

46

International T

Sears Roebuck 17, Shell Oil

Yurk

Seemny Vacuum 16, Southern

Pacific 40, Standard Brands 28. Standard Oil of Calif. 57, Stan- dard Oil of N. J. 74, Studebaker 18%.

Unier Bag 3. Union Carbide 104%, U.S. Rubber 46, 1.S. Steel B, Westinghouse 27. Youngstown Sheet & Tube 41. U.S. Lines 19%, General Public Utilities 195,-Associated Press.

London Share Market

London, June 24. The markets werd rather

with gil irregular throughout edged upret by the terms of the Southern Rhodesian Government issue, which is taking the forma [ *32,000,000 204 1966-70

Issue at 09.

Losses in British funds ranged up to but the turnover was not

three

$24

Tłop

Sizes c. Dairy Farms (X 13) N

Watsons 19 : Lane, Crawfords (x D) 4: Bigcerem in D-1/2an; Co. Ltd. n: Kwong Sang Wong 225; China Emporium Convertel. 14: Bun Wing On (H.K.) 1856; Wm. Powell, fitd.

Miscellaneous

Chrom Entertainmra!

(02/11 ifba H.K. Constructions

7* (New) 450; Vitro Piling 6: Mare Investments 13/15; Maren.

Collona Ewow Yan.

Gold Transaction Warning

"If this is the type of faith that China is keeping with her Allies. Is it to be wondered that there are interests of the United States which demand that this request for another large loan should be scrutiniz.The International Monetary Fund (one of the two

ed to fight such conduct?

It is only common prudence is not that they should. It denied that at the moment

Washington, June 24.

Bretton Woods institutions) has requested all its member countries to take prompt action to gold at prices above stop transactions in monetary parity. it was confirmed here today. The Fund issued the follow- that, if it is at all possible, iting statement: ought to be rendered, but it is

China badly needs assistance or

The International Monetary

udicrous to say at least that Fund has given consideration First P. & O.

Run

China should be allowed to ex- to gold transactions at prices peet such help on one hand and substantially above the monet- at the same time be permittedary purity which have been tak

of to take discriminatory actioning place in various arena

London, June 24. against the trade of a country the world. Because of the Im-

the P & O ner When

#nila the Strathedon (23,700 tons) from which it is asking for alt.

portance of this matter The American trading bodies Fund has prepared thin state for Ceylon and Australia on will do well, therefore, to

June 27, she will be the first! continue with the demand thatment of its views.

A primary purpose of the ship in the P&O passenger the Chinese government shall Fund in world

June June

July

I

Aug

*NOTE: Third Class Passage Fare from Hongkong to Pacifle, Const Is US$175.00 Plus US$8.00 for persons who are not V.8. Citizens.

NEW YORK AND HAVANA VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, SUEZ AND MEDITERRANEAN PORTS

58 "Wills Vickery"

SS Marine Snapper"

SS "Scott E. Land"

28

June July

28

21

July

28

MANILA

5.5. "President JeffersoFK”

June

AMERICAN PRESIDENT LINES, LTD.

St. George's Bldg.

Tel. Nos. 28172/28175

240

Pacific Far Cant Line, Jue.

TRANS PACIFIC SAILINGS To San Francisco & Los Angeles

SPECIAL CARGO OIL TANKS-

8. "CHINA BEAR" 3.5. "GREAT

REPUBLIC"

8.5. "FLYING SCUD"

A "LAKEWOOD

VICTORY"

Duo

July 4

Sails

July 4

Via Yokohama

E

"

Direct

D

9

19

20

Via Yokohama

26

Americam Pioneer Lime

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

5.8, "TIONEER GLEN"

Due July 5th ̈

Sallings to New York, Boston, Other Atlantic Ports via Panama Canal SPECIAL CARGO OIL TANKS-

8.8. "AMERICAN FLYER"

Salla July 6th Salling to Melbourne, Sydney thence to New York, Boston and Other Atlantic Ports via Panama

Salls July Oth 8. "PIONEER GLEN"

For Full Particulars Call

UNITED STATES LINES CO.

General Agents

814, Queen's Building.

Tel. 31251 (3 lines)

exchange fleet to make a postwar voyage The SWEDISH EAST ASIATIC Co.,

adequate guarantees for pred opinion of the Fund be required not only to give stability and it is the consider as a normal passenger ship.

that! During her wartime carcer an

large. Kafir fluctuated consider ably but for the initial price lowering, there was, finally, un per use of any money which exchange stability may be un- a troopship, the Strathedoni grent change but coppers drifted may be lent but that the restric-dermined by continued and in-sailed 468,094 miles, taking slowly lower.

tions at present in force shall,

external purchases troops to Bombay and the Mid- ereasing The commodity share murkat be corrected before any loan in and sales of gold at prices dle East, and forming part of

falling was lull, rubbers

with

It is not to be thought which directly, or made.

indirectly the great convoy which secretly commodity and tens were cusler.

for one moment that because produce exchange transactions took thousands of troops into Industrials were mainly duil, par- of the predicament that China at ücpreciated rates.

the Mediterranean for the in- ticularly iron, stocks and brewer-

finds herself in now, she can

From Information at its dis- vnsion of North Africa-Reu- jes, Oils were firm with Anglo-

expect as of right the advance posal, the Fund believes that ter. Iranians 15/16 higher at 1-3/32 of more funds, especially in the unless discouraged this practice following its final-dividend 25 making 30% for the

year light of her treatment of Ame- against 20% and 14,000,000 rican and other foreign trad- profit inercaso.-Reuter,

ers."United Press.

20

of

A BRITISH Cross Word PUZZLE

1. Lost

19

Clues AcroSE

freshness.

4. Rescued. 7. Very hot. 8. Ooze... 9. Extreme

dislike.

13. Eat

Away. 15. Ciggle. 18. Accumulate,

19. Gifted

1. Vigil.

Cluos Down

2. Nirfow 12. Annoyed.

towards the 10. Neckwear.

point.

1. Settled.

4. Choooo.

14.victed.

10.-Kind

is likely to become extensive,

which would fundamentally British Loan

disturb the exchange relation-

ships among the members of Withdrawal

the

Fund. Moreover,

these

transactions involve a loss to monetary reserves, since much of the gold goes into private hearda rather than into central ho'dings.

Washington, June 24. Britain has withdrawn an- the other US$100,000,000 of United States loan. The with- For these reasons, the Fund drawal, disclosed by the Unit- strongly deprecates Internation ed States Treasury today, was al transactions in gold at pre, made on June 20. The mium prices and recommends withdrawal, on June 2, amount- that all of its members tuko ef-ed to $200,000,000, bringing the fective action to prevent such montha total drain on the over- transactions in gold with 'ather all loan of $1,750,000,000 to countries or with the nationals $300,000,000. of other countries,

Fast

1

{

The total withdrawals to date of are $2,050,000,000, leaving

OUTWARDS TO SHANGHAI

M.V. NAGARA M.V. FORMOSA M.V. TAMARA

Ltd

discharging H.K. 24th July discharging H.K. middle August discharging H.K. middlo Sept.

HOMEWARDS TO EUROPE

MY, NAGARA M.V. FORMOSA ..............

#

loading II.K. early August" ...... loading H.K. end August

LOADING FOR

PORT SAID, GENOA, MARSEILLES, ANTWERP ROTTERDAM, COPENHAGEN, OSLO AND GOTHENBURĠ. Tanks availablo.sultable for the carriage of oil in bulk. For further particulara apply to:-

GILMAN & CO., LTD.

Agents, Telephone 31146.

KLAVENESS LINE

SAILINGS F

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

SAILING 6th JULY SAILING 6th AUGUST ARRIVALS FROM PACIFIC COAST ¿m.8. SOMERVILLE..

4 m.s. GRANVILLE It is realised that some these transactions are being balance of $1,700,000,000 still: m.8. SOMERVILLE conducted by or through non- to be drawn on.-Router.

member countries or their na tionale. The Fund 'recom- mends that members make any representations which, in thi judgment, 'aro warranted

by,

NEW SOYA BEAN OIL PRODUCT

vi

the circumstances to the gove

Now York, June 25. The Soya oraments of non-member coun-

Corporation tries to join with them In America announces that it soon 'ellminating this source of ex-, will make available in quantity change instability.

to the Commercial market a new The Fund has not overlooked edible virgin oll produced

beans. the problems arising in connec-announcement said the oil lon with domestic transactions

the

GOLD BAN

from

a gold at prices shove parity. has a long shelf life from from runcidity, and will sell at a prico The conclusion was reached approximately one-third that that the Fund would not object on quality olive oil,—Associated at this time to such trans- Fr actions unless they have 10. Bullighter. * effect of establishing new rates of exchange or undermining existing rates of other mom-

Bombay, June 24. hers, or unless they result in

The Government of: India-has a significant weakening of the

and International financial position prohibited at all customs of a member which might af- ports the transhipment of any gold feet its utilisation of the Fund'e wold coin, gold Bullion, 80 Bans: 31 Density: 32 resources.

sheets or gold ingots, whether tellhod "de not, and any silver Down: 2 Guitar; 1 Shadow: The Fund has requested It bullion, silver sheets or plates Across: 1 Eggs; Arrange; 6 Adage;:: 6 Record Abule members to take action which have undergone no procsk Hido: 9 Diva: 10 Accused: 11 Green; 18 Seuin) 18 Gond; 16 promptly as possible to put in-of manufacture, subsequent to Dago 19 Sagos 14-Erasing 17 Trte: 10 "Unidy: 18. Benaste 20 to effect the recommendations rolling, or any. Don-saftentiallyur Crown 10 Spill; 22 Medica; R Funbot: 21 Legend; 23 Elogni 24 Coblaluků fh tih staldichtcoin, costined for thy purt

Reuter. Unodi 37 Peop; 88: Comical; 29 Dries; 25 Delay.

11. Beg.:

20. 'Weary,

21. Hang down.

Yesterday's Crossword

of saw.

6. Mailguant. 17. Crest. -6. 'Amung.

་

Rauler

"ן.

DUE 6th JULY SAILING FOR SINGAPORE 8th JULY PASSENGER ACCOMMODATION.

Chinese Freight Agents.

- HOO FOOK PING THE BANK LINE (China) Ltd.

BULK OIL TANEŞ,

Apply:-

THE BANK LINE (CHINA) LTD.

King's Building. Tol. 27702

DOUGLAS STEAMSHIP CO., LTD.

S.S. "HAIYANG“. Sailing for Swatow and Foochow on 29th June, 1947 at 4. P.M.

Subject to alteration without Notice,

For Particulars of Freight & Passago, Please, apply

DOUGLAS LAPRÄIK & CO.

General Manapére:"

P. 40. Buliding, 5th floor. Tol. No. 31281

ot

CHINESE SHIPPING DEPT. Connaught Ronil. Central Tel

24089