1947-07-12 — Page 10

Pure 10

JAVA CHINA JAPAN LIJN N.V.

King's Bulding, Connaught Rond,

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

Kilp

"TJISADANE"

dur fron.

Macassar & Java Poris. 18th July

** **THIBADAK" ·

Java. Macassar Manila.

23rd. July

Salling for

Amoy. Shanghai & Japan,

20th July

Amoy & Manila,

26th July

Agents: K.P.M. LINE

(ORIENT JAVA AFRICA LINE). STRAAT SOENDA" South America Luading for

South Mrica Mitlus. Lourenen

Shaaral

20 July

Transhipmeni cargo

#2

Marques. Beira, Durban, East London. Port Elizabeth, lossribay.

Capetown, Buenos Aires, Montevideo. Santos, Rio de Janeiro, 21th July

through Bill of Lading accepted

for Dar-Ex-Salaam, Mombasa. Zausibar.

4.8. "BOISSEVAIN" In reconversion Loading for South Africa

South America August

Sullable cargo tanks for bulk off

(DELI-STRAITS-CHINA LINE)

3.5. "YAN HEUTSZ"

Agents:

ms. "DERWENTHALL”

Belvan Deli,

Swnlow &

Penang & Singapore, Amoy, 19th July

17th July

SILVERLINE LTD.

U.S. "Atlantic parts via India sri hall July

U.S. Atlantic

ports via Straits and

Suez, Inte July.

BLS. "SILVERSANDAL" Persian Gulf ports 11.5. Atlantic ports

Agents:

& Karachi.

second half July

via Straits and

Surz, August

HOLLAND-EAST ASIA LINE

"SIMON STEYİN”

Shanghal 22nd July.

-Loading for

Manita /Slognport / Colombo/Suez/Port Said/ Genoa /Marseilles/ Antwerp /Rotterdam/

Sultable cargo tanka for bilk od Amsterdam Hamburg /

1.5. "ERASMUS”

Europe

late July

#8. "HUGO de VRIES' Europe

Jate Angusi

Suitable cargu laiks for bulk ot

| Copenhagen/Gothen-

burg Oslo,

32nd July.

Loading for Malia/Singapore/

Colombo/Suez/Purt Sald/ Genoa Marseilles/ Antwerp/Rotterdam / Amsterdam /Hamburg / Copeulugen /Gothen- burg sto.

end August,

Loading for Manha Singapore/ Colombo Suez Port Sald/ Genoa /Marseilles/ Antwerp, Rotterdam/ Anısterdam Hamburg! Copenhagen Gothen- 'burg 'Oslo.

tend September.

Peninsular & Oriental S.N. Co.

SIP

PIHEVAYLOR" "NORELG"

'DAN-Y-BRYN"

"SCTTHIA”

'STRAT!INAVER" ""FREWORLAS"

"TRESILLIAN"

SHIP

**TREVETHOE" •

ARRIVALS

FROM

UK. & Straits "Kurachi-&-------

Bombay

Bombay

& Karachi

U. K. & Straits

..K. & Straits

Bombay, Colombo

& Straits

DUE

15th July 15th July

Early August

8th Aug. 15th August

August

K. Genoa

UR.. Genoa, Bombay. Caluunho

August

& Stralis.

SAILINGS

TO

READY

Singapore. Penang, Genoa & U.K.

Loading at Buoy A2

**TREVAYLOR"

.......Shanghai & Kobe

18th July

"SCYTHIA"

Straits & U..K.

10th Aug.

(Passengers Only)

"TREVAYLOR” “

"STRATHNAYER"

2nd Sepi.

(Passengers only)

...Strails. Genoa & UK. August

Siraits & UK.

* Accepts earge for Londen, Antwerp & Rotterdam.

accepts cargo for Madras un through bills of lading.

British India S. N. Co., Ltd.

Passengers & Freight to India

Also

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

ARRIVALS

SHIP

*NANKIN"

"EMPIRE - ATHELSTAN”

THE CHINA MAIL, SATURDAY, JULY 12, 1947.

STERLING DEVALUATION London Denies Report From Hong Kong

Treasury Scotches Rumour

London, July 10. Rumours from places as far apart as Hong Kong and the London Stock Exchange of the imminent devaluation of Sterling and a cor- responding rise of gold today drew remark- ably prompt and categorical official denials from the Treasury and the Bank of England. In Hong Kong, the price of gold. jumped in the late afternoon on rumours of possible devalu- ation of Sterling after July 15-when all cur- rent Sterling is to become convertible into Dol- lars, or other currency, under the Anglo-Am- erican Loan Agreement-and the unofficial selling rate of Sterling notes there fell to the equivalent of less than 16/-.

A Treasury spokesinio said in ptain, however, that nothing will London that there

"happen to it on that date.-Rgui- foundation at n1[" for thi ter.

wan

rumour➡which, hệ thought, míght have arisen from the latenust of the Under-Secretary of the Egyptian Finance Ministry.

the which said that

Egyptian delegation could not obtain guarantee in the agreement o't Egypt's Sterling balance and thất Sterling wald not be devalunt in the future,

BRITAIN AND

U.S. LOAN

the

Loudan, July 10, Mr. Willian Glenvil Hall, Financial Secretary to the Treasury, intimated Roine of Commons today that Britain will not seek a modi fention of the American apreemrut

TOMO

the

lind been reached GK Marshall Plan. Replying, to a question about whether Eng- land was going to ask for better terme on the loan, he

enlied:

“A comprehensive appronch to the United States will be merepausry пр part of the Mr. Marshall's reponat to aurech. Meanwhile, it la ui- desirable to deal piecemeal with particular aspects of Anglo-American relations." United Press.

Mirror" On "Daily

The Rampage

London, July 10.

1 was emphaled in London The tabloid “Daily Mirror,” in an editorial which official circles that white

occupies two-thirds of the front page, today country could guarantee that its

charged that the United States "knowingly currency would never be devalue!, there is at, and not likely to b

allowed her domestic prices to rise so that the any question of devaluing Ste- value of the loan to us fell, and increased our ling in the foreseeable future.

Britain has consistently refused

difficulties." to give such guarantees, regar! ine them

"from as derogation A temporary gunean.

vesrigaty.

i tee to Ainepivan holders of Ster- jling as an exceptional wartime

measure was withdrawn as

as the war in Europe ended-- before - Day.

On the London Stock Exchange the runtur. alea in the late after noon, took the form that the price of gold would hebraised “hy next Sunday at the Intest." This only occur eller by the United States raising is gold price, fr hy Brital devaluing Sterling against the Dollar.

Without Bases

Official circles in Landon ca- phatically rejected Kids Tumour 4380, andi udlifed that there WATS absolutely nu sign that the Unitet States intended to raise its gols

fatter would mean devalu- ing the Dollar. non officiats could are no pesible reason wh

N.Y. Stock Market

New York, July 11,

Admittedly Leftwing. the tablid, which has a' circulation of more than 3,000,000, attacks the Government's economic plans for

the dollar shortage

It has

"farcical," and say "done nothing in time

"Dally Mirror" says the The mic

The stock market stepped back government's view on the econo on the reevery side Thursday after Wednesday's first in 10 straight angions and ad- vanera ranghig from one to thre

reaction nothing

save

Fituntion in:---"There

but disaster ahead--- unless the Americans kindly s uts and the rest of Europe." were scored for lending The editorial terms the govern- stools, textiles, motors. rubbers. ment's proposed cuts In dollar rails and specini Issues.

"ridleulously small," imports as Buying was attributed largely and says that even those cuts inflationary paychology based were made without due consul

The Dig CORl-wage boost. tation."

totalled Transfers

1.020,000 slinre Gainers theluded Acme Stert, Phillips Petroleum, Stregis Paper, Americus Wallen, Santa Fe, Norfolk and Western. Among | the Inggurds were Dow Chemical

and Allied Chemical,

Stock Jones Averages: 64.80, 240 adustrins 182.80. s Balls 18.5. 10) Utilities 35.98.

Closing quotation-- Arlame Expresa the United States should wish 251, Alsha Juneau à 12. Americas Con do so and they regarded all the American Emelting 405. Amerless Telephone" "157%. Americns Tubacen 15%. belang without found-

Juniours 15

"Scandalous"

A

Bank Of America In Tokyo

San Francisco, July 11.

The Bank of America will open a branch inf Tokyo "as soon as possi- ble,'

President L. M. Giannini announced on Thursday.

The Federal Resorve Board baa issued a permit for the brunch and Vice President Tom. B. Coughran. of the Bank of America's International Bank- Ing Department, already la in Japan making arrangements.

Recelling that Japan is to be opened up to private trade on August 15. Glannin said, the bank branch is "to provide facl. itles on the spot for the financ- ing of import and exports trade. This wil help to im- lement the American national polley to revitallae Japanese commerce and industry and thun aid that nation to become self-supporting." -Associated Press.

H.K. Stock Exchange

The market grin "spent busy day. Buyers continue to be selective and to their Defa esse Where they advanced would only do so on most måderate Buen. Cement Rights can now be strait In.

B.K. Gavi, Lone 4 Loan 100b2 3 Lown 109.

Banket I.K. AB. Lok 2040/50. Lan. Reg.) £110; Chartered Bank 120/360; Mercantile Bank A. – 15. 4228; Bark of East Anime,

Instances: Canton Thu, 106%; Union 1. 750b: China Unterwelters 3.00u TL.K. Fire Ins. 2001.

AMpping Douglasen 248n: HK. AM. Steamboata in; Indo Chinas Peel) 1016 X.D. (Def.) BIDH X.; Shella (Bonzert 100/-; Union Waterbonte 22b, 12sm.

Decks. Wharvęs. Gadowns, etc,i H.K. A K. Wbarves 243b, 256», 245ma: HI.K. Dock. RINE, 2014, 88/94%;/98%%ma: China Pro videnta 23, 2ɔan; Shanghal Dockyards 14.

Mining: Hank Mina T*: H.K. Mines GrE..

Landy, Hetaal & Blózn.: H. 4 8. Hotels

Land Humphreys Estates 2620: T., Reptiles 10% 10% Chitra Patates on.

"Apparently a cut in newsprint seans the scrapping of a long term agreement with Canada-t broak 11

with Agreement dominion would be a scandalous 24b, 234/24: 1.8. harida, 180: Shal thing." the editorial says.

We can and will put up with smaller

newspapera But the country ought to realise that the government polley on this matter may drive some of the indepen- lent newspapers into bankrupter or sale to the larger groups.

The editorial conclude with as Pacific 12. J. L Case 2 appeal to the British people. Chrysler 114, Colgate 444 Commercial "do work of national importance Sirents 26%, Cues Products 61, Dupun if you can." adding: "Only you: can succeed in the task of saving the country and with God's help you will."United Press.

changa Westwick 16. Andenna Papper 37, Aviation Corp. B., Baldwin foconsotice 194%, Barnwall 294, Benix Aviation 32%.

Bethlehem - Meri 88%, Boring Alreraft 17%, Borden Co. 43. Cind

295, Eastern Kodak 451. Electric Light

Motors

ua, especially

hy would vitall re-adjustment of the Bretton

Woods parity gates. which would require the consent of all countries concerned.

Sons officials suggested that the runtours might be wistfu! thinking by gold producers. More & Power 11, General Electric $75. probably. they were un attempt Rezerul

GHT. Goodrich 605. to rationalize the sharp advance | Golyer 1. Geryhound 10%. Romm -in--South-African-gold-mining stake-Mining-44-International-Harvester shares yesterday

92. Interuntional Paper 48, International Though extended by the rumours, T. & Tel. "125%, Jože Plasville 4 [this advanec sveined lo be initiat- Heterot: Copper 17, Montgomery Ward

61 National Distillers 21%. National) ed by technleat factors.

New York Central 15N.) For some tine there has been Packard Motors . Pan Anurlean Air. reason to believe that prices of ways 11%. Pramerivante R 29. Railin gold

shares. producing

after corp, wh, Kent 20k 181. Republie Sterd trending downwards for the past 27, typolt Taliseen 14. Schenley ten years, had passed, or were passing their worst und wäre dat for some uptrend.

Loday

Le

Standard (78) DENGA. TON, Studebaker

31%, Sears Raelyek 4, Sursing Vacuum 17, Bouthers Pelfr 44, Standar Brnud: 29 Standard 17 of Cellf. 61% In part, the runiours may r 2. Union B 28% Uplus Carbide flect the widespread apprehen. 9. Table 49% 1.8. Steel 12%. sjon

and

misapprehension of 11.5. am 22. Westinghouse 205 what will happen to Sterling Yestown Blæet & Tab 67. General after July 15. It is virtually cor-Pable Buillem 14. Associated Press.

A BRITISH CROSS WORD PUZZLE

10

15

16

17 118

20

121

FROM

„Australia &.

New Zealand Melbourne & Sydney

DUE

22

Early August

Early August

23

24

For full particulars apply to

MACKINNON, MACKENZIE & CO.

Telephone Nos. 27721-4.

HONGKONG-MACAO LINE

8.S. "WING HING"

DAILY, HERVICE

Leave I.K.

1.39. PM

...Hongkong 'Berth-Tang On Whart

Leave Manso

2.00 AM

Connaught Road, Central Macao Berth, No. 20 Wharf For Freight & Passage piense apply:--- TAK CHEONG SHIPPING CO. Phones 25115 Whiteaway Laldiaw Building.

1. Aper

Clues Across

20. Roll

4. Ludicrous. - support. 7. Entire.

8. Minimum, 10. Platform. 12. Worldly. 16. Danger.

14 Frank.

25125

ទ

17. Brook.

21. Gaolic..

23. Out of

practice.

24. Famous

opera singer. 26. Necesaltoux,

10. Kind of net. 20. Ncok.

25

も

* Clues Down

1. Wanders

about

2. Manifold. 3. Kernel. 5. Cooked too

much.

·0. And.

0. Governer.

11, Chose.

12. Niggard. 18. Opening, 14. Surrounds. 18. Decolve. 22. Wan.

E

London Stock Market

London, July 10. The Stock Exchange today con- tained a number

of features, including giltedged, which aftor an initial burst of strength sud- denly reacted under a fresh sell- ing wage with some stocks finally half point lower after a quar- ter polst better.

Anglo-Iranians featured the oll murkat, while Kars went ahead on rumours of the coming altora- tion in gold price and further financing operans.

There were a small number of Industrial gains, while Italians

PakUc Dtion: 11.X. Tramwayı 2554 1,. 25%. 24.95/26 Peak Trama (Old) 168, (law) 4551 Bur Ferries 11b: Yaumati - Ferries Din: Chinn Lights (Okl

¡New 1. 17.80/90

124, K. Electrico 6715b, 6810, 693676%ni Mačno Electrice 218; Sandakan, Llchu 121⁄4n; Telenhene (03) 9%, 6%». 6¢3⁄4«*, | Ademi şah, 114/52% nọ.

Industrial Canton Tees 75ân: Comant

(x. Fla.) 25%, 20%, 18.0/4. Filightl 1840, 15km: 1LK. Rupes 20, 21. 20/0.

Biores & Dairy Farma 77% b. 78. TR/77%/1000; Watsons 825, 82544, 62am Tae. Cenwford ~44 15.41 1⁄2:"Blniceren" th: China Binperlem 1496 Convértet: Sun Co., Ltd. : Kwong Rang Hang 220n Wing OD (15.K.) 13E; Wm. Powell, Ltd. 5.

Miscellaneous Chinn Entertainments 316. 1: H.K. Constructions, ¿OWN 7, (New) 61⁄2n: Vibe Pillar 645: Maruman Investments 13/3; Maramino,

(H.K.) 1/60

Cottona: Ewos 7b.

NOTICE

PENINSULAR & ORIENTAL S.N. CO.

S.S. "SCYTHIA”

A limited number of berths

with a six point rise were pro-will be available for civilian

minent among foreigners.Res, passengers to the United King.

ter.

NEW TRADE PACTS

France

Paris, July 10; has signed a 00- milliard frauc, trade pact with tho Belgium-Luxembourg Cu toms Union after negotiations.

dom in s.4. "Scythia" expected to Ball during the first half ́ ́ of August.

All fritending passengers are asked to register their names with the undersigned, or with

are the 15th July, 1947. a recognised travel agent, bo

a month of The Agreement in MACKINNON, MACKENZIE for one year and provides, for

Fronch exports of phosphates,

textiles, motorcars, and machinery

in exchange for farm products,EIU

coke, iron and steal goods, non-

ferrous metals, building materials

and electrical goods. Router,

Bulgarian Pacts,

& CO. Agents,

NOTICE TO CONSIGNEES

HOLDING

P. 40. E. L. & E. & A. BILLS OF LADING.

Sofia. July 10. Bulgaria has concluded now trade agreements with

Mesare, Goddard, & Douglas Boviet Russia and with

will attend at 10 am on Mon Hungary lo Moscow. The Saviot agreement days and Thursdays within the covers an import-export total of free storage period, to survey 421,750,000 and the Hungariandaninged cargo, and consignees agreement is for £3,000,000 bro requested to have their worth of trade-Router.

representativea presant. Unleas consignoca representatives ATP SHIP MOVEMENTS Print at the Sarvey no claims

can thereafter be admitted.

MACKINNON, MACKENZIE:

San Francisco, July 11. "Zelland" departed for. Manil "Yorba Linds," with "Mobile Lube" in tow, arrived on July 9 from Manlia, Burprise" "arrived

Hoax: 22. Secluded: 24 Degraded 25 Logata: 28 Withhold.

Down: 1 Bandy; 2 Pries; 3 from Okinawa. Yesterday's Crossword Scarlet: 4 Wade 5 Loot: 0.

...! | Enamels 7 Sheath; 10 Vonóm :: 14

Seattle, "General W. C. Lan Aeroxn:-3 Swellers; 8 Africa; Finod; 15 Yielded: 10 Shadow;

Advocate; 11. Diservei 12 17 Target: 20 Ideal; 21. Adder: Frivell From Yokohamis

'bdelrosa, Next; 18 Sepoy; - 19-Timid;-191 22 Sash; 23 còn,

00

P> &,0, 8, N; Coʻ

BIB. N. Co, Ltd:

EL 3 A, 18. Co, Ltd:

AMERICAN PRESIDENT LINES,

REFRIGERATION-SPECIAL CARGO OIL TANKS-

CARGOGAIRE-SPECIE

S.S. "MARINE ADDER"

Sailing For

SAN FRANCISCO VIA SHANGHAI

Saturday, July 12th

at 6:00 PM.

PASSENGERS MAY BOARD AT 1:00 P.M.,

Saturday, July 12th

the

Bargage for boarding passengers must be taken to baggage room at Gödown No. 50, entrance through gate No. 2, Canton Road.

AMERICAN PRESIDENT LINES, LTD.

St. Georre's Bldg.

Tel. Nos. 28172/28175

Pacific Far East Line, Jus.

TRANS PACIFIC SAILINGS To San Francisco & Los Angeles -SPECIAL CARGO OIL TANKS-

Due

8.S. "LAKEWOOD

VICTORY"

9.9. "FLEETWOOD" 8.8. "PACIFIC BEAR" 5.9. "LIGHTNING"

Saila

July 10

July 20

24

..:24 30

Via Yokohama Direct

20

AUR. 5 Aug. 5

Via Yokohama

Direct

Americam Pioneer Lime

Arrivals from New York, Boston,

Other Atlantic Ports via Panama -

Due July 121

.8.9. "PIONEER GLEN"

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

----- SPECIAL CARGO OIL TANKS —

8.8. "AMERICAN FLYER"

Salls July 13th Sailing to Melbourne, Sydney thence to New York, Boston and Other Atlantic Ports via Panama

Saffs July 14in 8.3. "PIONEER GLEN"

For Full Particulars Call

UNITED STATES LINES CO.

General Agents

314, Queen's Bullding.

Tel. 31251 (8 lines)

The SWEDISH EAST ASIATIC Co.,

M.V. “NAGARA "

Loading for

Ltd.

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

8th AUGUST

Tanks available nuitable for the carriage of oil in bulk. For further particulars apply w

GILMAN & CO., LTD. Agonis, Telephone 31146.

KLAVENESS LINE

SAILINGS

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

m.8, SOMERVILLE m.8. "ROSEVILLE”

SAILING 6th AUGUST

SAILING 6th SEPT.

ARRIVALS FROM PACIFIC COAST

m.s. ROSEVILLE

DUE 4th AUGUST

SAILING FOR SINGAPORE 6th AUGUST

PASSENGER ACCOMMODATION.

Chinese Freight Agents,

HOO FOOK PING:

THE BANK LINE (China) Ltd.

BULK OIL TANKS,

Apply

THE BANK LINE' (CHINA) LTD. · King's Buliding. Tel. 27708

DOUGLAS STEAMSHIP CO., LTD.

S.S. “HAIYANG” Sailing for Swatow

On 14th July at 4 p.m.

Subject to alteration without Notice.

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

DOUGLAS, LAPRAIK, & CO.

General Managora,

P. & O. Building, 6th floor. - Tel. No. 31281

or

CHINESE SHIPPING DEPT.

20 Connaught Road, Contral. Tel. No. 24330.

ZETOR BIZAR