1947-06-28 — Page 10

JAVA-CHINA-JAPAN LIJN N.V.

King's Building, Connaught Road,

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

due from

Ship m.s. "TJITJALENGKA” Japan,

MUS. "PINADANE”

Slangirth,

Amoy

5th July.

Macassar &

Jaya Paris, on or about 18th July

Sapling for

. Singpore, Java

Ports & Macassar

8th July,

Amoy & Shanghal. on

or about 20th July,

AGENTS K.P.M. LINE

(ORIENT JAVA AFRICA LINE).

"STRAAT SOENDA"" South Amerion Landing for

Stanrbal

ranty July

South Africa Mauritius. Laurened

Marques, Belra, Durban, kad London, Port Elizabeth. Masselbay,

Capelowa, Buenos Aires, Montevideo. Santos,

i de Janeiro, early July

Transhipment cargo on through Bill of Lading accepted

For Daris Saktam. Mombasa, Zarsilar,

;

ms. "BOISSIVAIN" In reconversion Loadlag for South Afrkan

South American August

Suitable cargo lanks Tog bulic oil

זין

(DELE-STRAITS-CHINA LIŅE)

BEN. "VAN HEUESZ"

Bebuwan B.

Pena & Singapore.

ניו

or about 17th July

Swatow & ABRIJ.

AGENTS SILVER LINE LTD.

inv. "DERWENTHALL."

U.S. Alanile * poris via India

Futy

my, “SHALKSANDÁL” Persian Gall parts

& Karachi, July

U.S. Atlantic ports via Straits and Socz, July

U.S. Ailantle ports

via Stalls and Surz, August

AGENTS HOLLAND-EAST ASIA LINE

#9. "SIMON STEVIN”

Europe

30th June

Sakable cargo tanks for bulk

BS, "ERASMES"

Europe

early July

Bs. "HUGO de VRIES' Europe

Early August

Loading for Manka/Singapore { Colombo Suez/Part Said/ Grnoa/Marsellies/

| Antwerp/Rotterdam /

Amsterdam Hamburg/ Copenhagen ¡Gothen- burg, Osto, end July,

Loading for Alania/Singapore/

Colombo/Suez/Port Said / firnua/Marseilles/ Autwerp/Rotterdam/ Ansterdam /Hamburg/ Copenhagen /Gothen- burg Oslo, end, August.

Landing for Manila Singapore! Columbo Saez Port Said! Genoa Margolies/ Antwerp Botterdain! Anısterdam Hamburg/ topenisagen Gothen- burg Usio,

early September.

Peninsular & Oriental S.N. Co.

SIOP

“AREVAYLOR" "TREVORLAS"

"TRESILLIAN"

ARRIVALS

FROM

.UK. & Straits

F. GenR

DUE

Discharging

TRIVE BIOE",

U.K. Genoa, Bombuy. Columbo & Straits

14th July August

Bombay. Colombo

& Straits

..K.. Genua,

Rombay, Columbo & Straits. SAILINGS

August

SINA

"MUTLAI{"× "

"EMPRESS OF SCOTLAND

"TREVETNOE**

TREVAYLOR“

"TREVAYLOR”*

TO

READY

Singapore, Penang, Colonila & Rombay

28th June

Straits & UK.

Singapore, Penang, Genoa & U.K.

Sails p.m. 29th June.

10th July

„Straits & UK.

July August

Kobe

x Accepts cargo for Mudras, Karachi & Persian Gulf Ports on through bills of lading

* Accepts carge for London, Rotterdam & Antwerp

British India S. N. Co., Ltd.

Passengers & Freight to India;

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

ARRIVALS

SHIP

"NANKIN"

THE CHINA MAIL, SATURDAY, JUNE 28, 1947..

INDO-CHINA MEETING NY, Stock

British Ships And Japan Trade

A review of operations for the year 1946 and of problems linked up with transition from war to peace, was given by the Hon. Mr. D. F. Landale presiding at the second post-war an- mug! general meeting of the Indo-China Steam Navigation Co. Ltd. held yesterday in the offices of the General Agents, Messrs. "Jardine Matheson & Co. Ltd.

|

be

SHIP HITS ROCK

Capetown, June 20, The skipper and the six members of the 20-ton fak- ing and ergo bout "To- wani" plying between Cape- town and harbours 011 the west code! South Afrina," were drowned when¬ths' ship struck rocks

Hondeklip

Buy, about 276 miles north of Capetown, it was reported here today-Router,

Scholarship for the sons of R.NR. and Merchant Navy Officers who

and

Depreciation

already

Market

New York, June 27. Buyers took on olls and special issues in the stock market, fiftiné a number to now highs for the year although many leaders did little ar limped to the minus Tanks

over as psalmisra

the labour picture prompted selling, Assorted plyutals alowed

loses at the close. →

Transfers 830,000 shares. American Telephone droppul recessions one point and losser were shown for Republic Steel, Chrysler. Douglas Aircraft, Philip Morris and Kennecolt Copper.

02.42; 20 Industrials 170.68; 15 Dow Jones Averages:Stocks Ralls' 45.08; 10 Utilities 14.05.

92%

Closing 'quotations:— Adams Expres 15%, Alaska

Can Juneau 6, American American Swriting 56%, Ameri- can Telephone 10, American Water. Tobacco 78, American works 15, Anaconda Copper 34,

Corp.

Baldwin Aviation Locomotive 18, Barnadal? Bendix Aviation 31%, Bethlehem Borden Co. 41%, Canadian Pacific 11% J. I. Case 37,

Chrysler 100%, Colgate 40%. Commercial Solvents 24%, to

Corn

Products

commented.

sum not but certain

sut

only out

AMERICAN PRESIDENT. LINES,

REFRIGERATION-SPECIAL CARGO OIL TANKS-

CARGOCAIRE-SPECIE

SAILINGS

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

$8 "President Jefferson" (via Manila)

June

8S "President McKinley" (vin Manila Sć Honolulu) July $8 "Marine Adder" (Ümits Honolulu) 88 "General Melgs" .....

*NOTE:

20 10

......... Juty

12

Aug.

8

Third Class Passage Fare from Hongkong to Pacifia Coast is US$175.00 Pins US$8.00 for persons who are not U.8. Citizens.

S8 "Scott E. Land"

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

SS "WI Vickery"

Jane

30

38 "Marine Snapper"

20.

July July

22

MANILA

S.S. "President Jefferso"

Jane

20

S.8. "President McKinley" 8.S. "Marine Lynx"

July

19

July

18

St. George's Ilide.

Satisfaction over the peningger and shipper, but it is to be resopentag of Japan to com- hoped that we shall "xeon mercial trade was expressed, as able to function normally.

Tost their lives in the last war. As the hope that British ship- "The altuation is regard to It is hoped that this Scholarship. pine will carry an appropriate operating on the China Coust will be available for the normal Akbari af that country's exports and rivers remains unchanged period of two years at one of the and incurts which before the and the new Navigation Lawa sudet training shilps in the United war was practically denied to of China stil preclude us from Kingdom. Lieutenant Wilkinson Bestish ships by subsidised carrying cargo and passengers was unmarried

is con. 1 Jutanese competition,

On the rivera and between zidered, therefore, that this cation peung the meeting Mr. Lan.constal ports. The activities of by the Company is an appropriate stale :

the Fleet havé, therefore, been method of keeping alive the At our last meeting the Chair-largely concentrated on the ex-memory of a very galiunt Steel 83. Boeing Aircraft 15%, man reviewed the war years ternal lines which are not beget and those who served with him. arist The Company's position on by these complientions. Having

"In the Profit & Loss Account the cessantion of hostilies. We regard to these difficulties the new deal with the year 1946 and result of the year's working can | £40,000 has been allocated the varioun..problems of trans- be considered very satisfactory special repairs and renewals nc- sition from war to peace which and a credit to the Staff both count to cover the work on which ar still with us, 1910 was a aflat and, ashore, including our I have Bruken your in so far as the Agents throughout the urea. £30,000 to reserve for Claims and

in д operation of British shipping Our overheads and operating' taxation

deal to saus concerned. In general Gov-costs renmin 0 26

very high aside ernment Requisition ceased as level and there in an yet very with taxation voyages were completed after little sign of much reduction in 1916, mud though most the cost of repairs and other of our reduced Fleet had re-essential services to the ship - turned to cunnirental service on | owner.

the Company's avcount by the middle of the year considerable regarded na port which offer-reserve. This latter account is work was required Ea restore ed particularly cheap and effl. required in connection with ad. vee's to normal condition and clent services in this connection Justment of initial values of new

tonnage to cover this ) and while I am glad to say there

so that they may our progra

the books is still in progress.

at inure 37, We are are signs that the facilities in uken intu

Shell Oil 20 economic figures, Jo future, also taking all possibile steps to this Colony are returning to a

Vacuum 10, Southern Pacifle 41, therefore, we hope we shall not Standard Brands 27% Standard nfsternize existing shipa and state of pre-war efliciency an-

be embarrassed by too heavy an Oil of Calif. 59, Standard Oil of adapt revenly purchaseil ton-fortunately costs are still ab-

g to suit the conditions un-normally high. It is to be hoped annual charge for depreciation. N.J. 76, Studebaker 18%, Union

which we operate. The that exrcumstances will bring his principle has been applied Bug 81%, Union Carbide

to our recent purchases of new U.S. Rubber 4, U.S. Steet 60's, Chairman in his speech last about substantial reductions La

Westinghouse 274, Youngstown tonnage, and surpluses over book dis- the future because, as one au- values of obsolete tonnage sold 20%, General Public Utilities December, mentioned the

Sheet & Tube 62%, U.S. Lines oss of certain obsolete shipa thority no aptly described Hong have been credited to this and the purchase of tonnage ex Kong: "The port in the Colony count. Your Board consider this

C13%-Azsociated Press. the Government Disposal and the Colony la the port." Schemes. Since the last meet The cast and efficiency of its ser. ing we have acquired three fur- vices to shipping are therefore ther ships: The "Fanpire of vital importance to the future Wye" -6.146 tons "Empire prosperity of the Colony. Faser"--1,91 tons. "Empire Waban" -1,919 tons. Our Fleet

March

ter

standing contingencies which re- sult from the war. In the appro- priation account it is proposed to transfer £00,000 to general reserve

|

43%, Dupont 101, Eastman Kodak 14, Electric Light & Power 15, General Electric 30, General Motora 58, Goodrich 50, Gundyear 40%, Humestake Aintag ศึก! International Harvester 8, Inter nations Paper 47%, Interna lions Tel & Tel 11, Johns Manville 48, Kennecott Copper Montgomery Word 68. National Distillers 21, National Lead 31%. Now York Central 14%, Packard Motors b. Pan- vania RR 19%, Radio Corp. Real Silk 11% Republic Steel 24.

Reynolds Tobacco Schonicy 20%, Scara

Before the war Hong Kong was and £30,000 to ships replacement marlcan Airways 11, Pennsyl

Trade With Japan

prudent practice which is being followed by many other liner Companies at the present time. £22,674 is to be transferred to the underwriting reserve which exists to cover claims within our In- surance franchise.

"After providing for the pro- posest dividends of 6% on cumule- Live preferred ordinary Shores, u 10% dividend and on the deferred amounting in

"It is satisfactory to hear that amounts to a total of

Japan will shortly be re-opened to 48.128 tons gross, with an aver-commercial trade and it is to be lage age of about 10 yours.

hoped that British shipping will

that and carry an appropriate share country's exports and

bonus Imports 10% ich before the war was prac. ordinary shares ically denied to us by subsidiard total to £64,405, there remains a balance of $24,891 to be carried Japanese competition.

China Navigation Laws

The existing Pension Scheme forward.

A Conservative Policy

ist

H.K. Stock

Exchange

104

The market closet für the week on firm tone, saina having been polstered in several nases. Monitay bet B Bank Holiday the market will not reopen un;8 Tuesday, July 1.

JL.K. Govt. Loa: 4% Ian 1011: 3% on 108.

Banke: 1.K. & Blank 1800, 1899/ 1900, ion, Reg.) 1n: Chartered Bank In; Mercantile Bank A. & R. 1221; Bask of Esat Ania 108b, 1062a,

Insurance Centus inx, 4061; Unions Inn. TAUR, 180: China Underwritern 2446: H.K. Fire Jas. $10.

Shipping: Douxinues 20m; H.K."& M. Steamboat 11: Indo Chinas (Pret.) 101s X.D., (Def.) 379b X.D.; Bhelis (Bearers 134/41⁄2n: V. Waterboats (X. Kita.) 264/h, (right) 1836

Docks, Wharvis, Godowas, etc.) 11.K. &

K. Wharve 23: 31.K. Docks 20%, 80% **: Chin Presidente 234, 22: Mini Raub Mines To: H.K. Minca Tota.

Lands, Hotela **Blázs. II. & 8. Hotels Zib, 241⁄2■, 2835/243% **: II,R. Landa (X. His.) Tib, 2315/7)4mm. (Illghts) 22. 28. 223: Shanghai Lands Humphreys.Fuistes 250; H.K. Healtira 185b. 174, 17; Chinese states 1904. Pubite Utest F1 Trainwaya wa

"So far as the operation of the Fleet is concerned the year 4:46 was characterised not only by the general problems of transition from war to peace has been in forte since the end of the first world war and it is now which are, of course, world-

considered to be unsuitable and j-wide, but also the particular

"The

Acut value of the inadequate to inect changed con- diieties inherent in a newly

ditions. A revised scheme has slightly increased at 2652,000, the liberated area. These not only been under consideration for some investments stand at £2,108,358 affeet us in our base port of months and the details will very which is alightly below market Hong Kong, but throughout the shortly be made known to those value,

and current assets üt waters in.. which we operate. concerned, but I can mention now 1347,392. With the proposed. op- The natural flow of trade has that in addition to o pension propriation general reserve is been disjuented by currency-and directly related to retiring salary, brought up to £600,000, ships re import restrictions, labour dilli- a Provident Fund will also be plucement reserve

to 4811,382, cuties and political troubles so introduced which will ensure a special repara and' renewals that it was not possible. to Lump Sum being available on re-4203,700, underwriting reserve to achieve that regularity of liner Brement. The Directors have op. £100,000. Special repairs and services which are normally proved the allocation of £10,000 renewald reserve, will be reduced provided by a company such out of 1946 revenue as a storting as the Fleet is re-established on as ours, and which we hope, in grant to this Fund.

a normal peacetime footing and X.D. 1847.30. (New) 10% X... de couse, Lo achieve again. "It has also been decided to ships replacement reserve will be | HK. Electrics X.D), 81, GINK 81%/% These conditions affect us all perpetunte

sa: Macao Electrics 4: Bandakan of the required over the next few years the memory

YJghts 13 Telephones (Old) from the Coating staff, who late Lieutenant Wilkinson, V.C., to adjust the values of new ton may suffer the chngrin of be. RN.R., H.M.S. "Llwo," who was

nage which we hope to build or Industelulas Chrion Tees Tyn: Comenta ing delayed in congested porta | an officer of

Sundry Credi~ },26«, 26% maz this Company, by perhaps acquire.

S. Ropes 19b, 19 far from home, to the passen- the award of an annual Memorial lors is rather larger than usual at 10/10%/%gan,

Staten kt.: Dairy Farma 778, 17/77% £739,307, which is accounted for

Watsong fob. 92/67em; Lane, Craw by suma which were due at the fords X.D. 40: Bincere 9.30; Chine A BRITISH CROSS WORD PUZZLE

close of last year to Ministry of Emporium 14 Converted i Bun Co., Ltd. Transport in connection with $: Kwong Sang Kang 225m: Wing On Government tonnage managed or

(..). 18th, 130: Wm. Powell, Lul 440. allocated to us for operation on our normal liner trades.

125

FROM

DUE

Australla &

End July

27

New Zealand'

For full particulars apply to

MACKINNON, MACKENZIE & CO.

Telephone Nos. 27721-4.

HONGKONG-MACAO LINE

· 8.8. "WING · HING” -

DAILY SERVICE

Leave H.K. 1.30 PM.

Leave Macao 3.00 AMI

Macao Berth -

Connaught Road, Central. No. 20 Wharf

flongkong Berth Tung On Winef

For Freight & Passage plensó apply:-

TAK CHEONG SHIPPING CO. Phones 25115 Whiteaway Laidlaw Building.

26136

18

Clues Across

i8, Gift.

.3. Alienate.

8. Devastation, 18, Cesso.”

D. Determined.. 21. Adieu.

11. Got ready. 25. Attacked.

13. Defect.

15, Ridor.

26. Stuble.

27. Awolls,

22

Clues Down

1. Stumble.

2. Mud

4. Soothsayer.

5. Land

12. Porch.

34. Coral...

16:

island. Ethical.

messure. 17. Nudo.

6. Unusual. 7. Make

10. Turf:

20. Fertile apot, 21. Splendid. Anancial provision. 22.-Peruse.

9. Ran quickly. 23. Way out. 10. Carrying. 24. Branch,

chair.

***. 21: Penk Trame (0) 19.

(New) 4: Star Ferries 120; Yaumali Farzin 845 China Lichte (014) 15,660

(New) 2929.

MiscellaneouN Chinx Entertainment. 20: H.K. Constructions (Old) 7% ¡Num) 6: Vibra Piling dijn; Marsika Investments 15/$: Murovan (H.K.) 1/8n.

Cations: Ewo 7%.

London Share

"In making the recommendo- tions ect out in their report your Directors have carefully con- sidered the commitments which will face the Company during the next few years in the restoration of its interests and the high cost of new tonnage which will be required to maintain its services. They feel that it would be im

London, June 20, prudent, in the interests of the

It was another discouraging

Stock shareholders, to recommend the day on the London

Ex- payment of larger dividends at ing. rasuiting in prices in most change, with little business pass-

Market

been steadily drifting down-

the present time. It Is to hoped that by following a con- wards,

servative financial policy it may

be possible to maintain stability Olls resisted, especially Anglo- in dividend payments over the Stafford Cripps' comment on the Iranians, but closed lower. Sir

export · situation and

years to come.

"I now formally propose that shortages depressed

material Industrials the appropriations as set out in whare a number of.small declines the Report, which focludes a occurred. dividend of 8% on the cumulative Small but persistent selling un- preferred, ordinary shares and sottied gilledged, some of which, dividend of 10% with a 10% bonus Fost a quarter peint but foreigners on the deferred ordinary shares were quiet, apart from Chileach, amounting to 264,465 be approved which were prominant on Ameri- and that the report and stateront can buying. of account for the year ending dull, more, especially rubbers.

The Commodity sections word Dec. 31, 1948, now presented. be Reuter. adopted. The ''dividend, on the

shares on the Hong Kong register auditors of the Company.

to be paid at the rate of 1/2:27/32 per dollar."

The motion was seconded by Mr. N.V.A. Croucher and carried unanimously. Wi

and

Supporting Mr. Landale in the chair. were the Hon. Mг, M.K, IA ond Messrs. 8.T. Williamson and N.O.C. Marsh (Directors) Mr. A. Held (Secretary). Mr. R. Johannessen then pro Shareholders present werp Dosed the re-election of the Messrs. R. Johannessen, N.VA. Uring Director, Mr. S/. Willard- Croucher, P. Cassidy, O.T.

Yesterday's Crossword

Down:-1 Remit; 2 Nudge; a son, to the Board. Dis was Lloyd, D.B. Robb, R. Corbett, Across:-1. Ranch; 4 Silver; 8 Heart: 6 lota: Vendors seconded by Mr. H. Sidbury, and K.A Maron, H. Sidbury, NHL. Medlar: 10 Tinta; 12 Remand; 15 Reside; 9" Relipino; 11 Intern; 15 Carried unanimously, kde Railton, R. Frost, Robert C. Trestle 17 Hood: 10 Asparse; 20 Massago; 15 Hund; 10 Stalle. 18 On the proposal of Mr. P.S. Simpson, A. Ritchie, E.L. Mae. Decamys: 22 Idol; 28 Baveloy; 27 Oslo;- 20" Dimple: 21/Goatne: 21 Cassidy, seconded by Mr. G.P. Dougall, - P. Morrison, H.J. Allege: 29 Purso; 30 Ermine; 1 Vorge) 25 Laire: 20 Yield: 28 Lloyd, Memes, John Flaming and Armstrong, ES.C. Brook, D.O. Eloots; 32 Eased.

l'a. Kitobin were..., réappylked MacLennan and Chan Wing.

AMERICAN PRESIDENT LINES, LTD.

Tel. Nos. 28172/28175

ສະ

Pacific Far East Line, Jus.

TRANS PACIFIC SAILINGS To San Francisco & Los Angeles

-SPECIAL CARGO OIL TANKS—

5. "CHINA BEAR” 8.8. "GREAT

REPUBLIC"

8.9. "FLYING SCUD" 18. "LAKEWOOD

VICTORY"

Duo

July 4

Saita

July 4

Via Tokohama

17

2 Virect

"

ถ

•

19

IP

20

Via Yokohama

Gmericam Pioneer

Line

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

BR. "PIONEER GLEN”

Due July 5th

Sailings to New York, Boston, Other Atlantic Ports via Panama Canal

-SPECIAL CARGO OIL TANKS- 9.5. "AMERICAN FLYER”

Salls July 6th'. Sailing to Melbourne, Sydney thence to New York, Boston and Other Atlantic Ports via Panama 3. "PIONEER GLEN“ ........................

For Full Particulars Call

Bulls July 4th

UNITED STATES LINES CO.

General Agents

314, Queen's Building.

Tel. 31251 (8 Hines)

The SWEDISH EAST ASIATIC Co., Ltd.

OUTWARDS TO SHANGHAI

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

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

HOMEWARDS TO EUROPE

M.V. NAGARA M.V. FORMOSA

loading H.K. carly August loading H.K. end August

'LOADING FOR

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

Tanks available suitable for the carriage of oil la bulk. For further particulars apply to:-

GILMAN & CO., LTD.

Agents, Telephone 31110.

KLAVENESS LINE

SAILINGS

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

m.s. GRANVILLE m.. SOMERVILLE

SAILING ç1⁄2'JULY SAILING 6th AUGUST

ARRIVALS FROM PACIFIC COAST --

m.s. SOMERVILLE.

DUE 3rd JULY SAILING FOR SINGAPORE 6th JULY PASSENGER ACCOMMODATION. BULK OIL TANKS.

Chineas Freight, Agonte..

Applyi

HOO FOOK PING ·

THE BANK LINE (China) Ltd.

THE BANK LINE (CHINA) LTD. „King's Building. Tel, 27792

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 & Passage, Please apply to

DOUGLAS LAPRAIK & CO.

General Managers.

P. & O. Building, 5th floor. Tel. No. 31281

or

CHINESE SHIPPING DEPT.

Po Connaught Rond, Central. Tol. No. E4685.

***