1947-07-18 — Page 8

Pago 8

JAVA CHINA-JAPAN LIJN N.V.

King'a Building, Connaught Rond,

Tel: Shipping Dept: 28016. Ponnage Dept,' 28017. · Chinese Agents, Connaught Rond, C. No. 82, Tel. 26133.

Ship

due from.

PA. "TJISADANE”.

In port

88. "PHBADAK"

Java, Macassar

& Manila,

21st July

Ship

Salling for Amoy, Shanghai & Japan, 19th July

Ainoy & Manila,

24th July

Agents: K.P.M. LINE'

(ORIENT JAVA AFRICA LINE).

due from

Loading for

*STRAAT SOENDA” South America Mauritius, Lourenco

South Afcien

Strul July

Shanghai

Marques, Beira, Durban, East London, Port Elizabeth, Mosselbay

Capetown. Buenos Aires, Montevideo, Santos, Rio de Janeiro, 29th July

Transhipment cargo on through Bill of Lading accepted for Bat-Ex. Salaam. Melasa, Zansibar.

n.s. "BOISSEVAIN" In reconversion Loading for South Africa

Suuth America August

Suitable cargo tanks for bulk of

(DELI-STRAITS-CHINA LINKY

D. "VAN HEUTSZ" Belawan Dell,

Ship

Swatiw & Amoy, 9th July

Penang & Singapore,

18th July

SILVER LINE LTD.

Agents:

due from

& Karachi.

on or about

Sailing for

ms. "SILVERSANDAL" Persian Gulf ports 1.8. Atlantic parts

26th July

vin Straits and

Suez, middle of August

HOLLAND-EAST ASIA LINE

Agents:

Ship

IN

"SIMON STEVIN"

due from

Shanghai 2nd July.

Suluble cargo tanks for bulk of

1.4. ERASMUS"

Europe

28th July

CA. “HUGO de VRIES

Europe

Jate Angust

Suitable viegs, tanks for bulk vil

Loading for

Manila/Singapore /

Colombo/Suez /Port Said /

Genon/Marseilles / Antwerp/Rotterdam /

Amsterdam 'Hamburg/

Copenhagen fiathen- burg/Oslo,

22nd July.

Loading for Manila/Singapore / Colombo/Suez/Port Sald/ Genon Marseilles/ Antwerp/Rotterdam / Amsterdam /{lamburg/ - Copenhagen /Golben- burg/Oslo,

end August.

Loading for Manlia/Singapore/ Columba Suez. Port Sald/

Genna/Marseilles / Antwerp: Rotterdam/ Amsterdam Hamburg/

Copenhagen/Gothen- burg 'Qsto,

end September.

Peninsular & Oriental S.N. Co.

SHIP

"TREVAYLOR" 'DAN-Y-BRYN"

"SCYTHIA"

'STRATHNAVER“ **E REAVOR1.18**

"TRESILLÌAN"

TREWIDDEN"

**THEVAYLOR" •

"STRATHNAVER"

(Passengers only)

ARRIVALS

FROM

U.K. & Strails Bombay

& Karach

U.K. & Straits ...K. & Straits

.UK. Genoa

& Straits

Boinbay, Colombo & Straits.

·

DUE

Discharging Early August

8th August 15th August

August

August

THE CHINA MAIL, FRIDAY, JULY 13, 1947, 1, 71

CLARIFICATION OF THE

NEW STATUS OF STERLING

N.Y. Stock Market

Now York, July 17. Individual stocks absorbed fur- ther selling with fair amount of success although many market headers continued to rest in the minus ranks.

Transfers Jutalled 1,070,000 shares. Short covering and timid Investment demand accounted for the improvement in late trading Numeroua

however, trimmed accounts" on the theory

Eustomara

that technical currection is about ilne.

Gainers incluzied tion Oll, ben dix. Home Appilunees, Standard Of of Ohio, Allied Chemical and West Indies Sagar. Among the Inggards were Douglas Alreraft Pacific and Western Oll, J. C. Penney.

Dow Jones

Averages: Stocks 65.89, 20 Industries 183.40, 15 Kalt 49.60, 30 07:10 8.66.

Closing quotations:--

Adom, Kviews Us, Abeka Jutom 54. Anuvieun Cần 92%, Amerkan Boelt - Item 01 American Telepšené 16196. Anterior Toluca 75%, American Water, Metha 4. Anonda Copper 37 199, Maresebril 20, Bendix Aylation 144. Melchen Steel pa, Roving Atzerat 37%, Border Po 40%, Canadian Partie 12^. d. 1. Cure 20%. Colle. Commercial

Aviation Car 0%, Bublwin cumotive

Fight &

Solvente 28%, Born Parteis dā1⁄4, Du pont 1954. Bastusan Kostek 475. Eletrie Power 17. General Elmetrie is tieneral Motors fil, Castelch 14,

setpor 4, fireshot 10%. Home Aake Minime 44, Titernetional Hars. 23. Interantional Pan 15. International T ATA 1% Job Manville 41. Konnerelt Copper 47%. Mostromery Ward 42%. Nitional Distillers 211, Natlant

Now Youk Gensical 10

1

London, July 16.

A further authoritative clarification of sterling H.K. Stock

new status was available here today. "Conver- tibility" is a misnomer. Britain has under-

taken to make sterling available for payments Exchange

but has not undertaken to convert it into dol- lars, gold or anything else.

dollars;

Overseas central banks are entitled to use their transferable sterling anywhere in the world but private citizens can do so only through their central banks. Convertiblity into can be exercised only by Ameri- cans, who ultimate'y receive sterling for United States EX- ports. This occurs because the Bank of England buys, and will enlieue buying, any stering offered in New York at 4.0275 dollars but this is only a Bri- fish polley, not an obligation.

Reatively tlje transferable

Uruguayan

Rails Sale

London, July 16,

The "Financial Times" said

The tempo has somewhat slackened but bout quotesione belni materially affected. Closing fries 3.80 p.

ILK. Govt, Laminas 455 Luan 100%;

Low 191b X/ Int.

Tanks R.K. & S. Dank 1020, 2000s. Lon. Steg. X.D. £11814: Charterri Bank 1-1/160; Mercantile Bank A. A 3. En Dank of Hast Aalu 1091.

Insurance Canton In, Don; Unlan Ina. RODA, TRS14; China Underwriters BIS 1.. Fles ini. Bón.

Shipping: Douglases 245n| HK. A M. (Prefe Steambonka Jing) Indo Chines 1010. Def) : Abella (Bearer) 103/ns Unlon Waterboats (0) 265, (New) 145b.

sterling is likely to go to New today that the sale of Urugun-1 York for conversion. Oversens

yan rails probably would be in countries must hold

sume to the neighbourhood of £11,000,- finance their future lofta," from the sterling area and much ster log will circulate for international trade, ·

Decks Wherves, Godawan, strz HR, A K. Wharvan 144b, 250m) XIX. Ducks 16h. = }}/%an: China Providente 225, 12. z; Bhanghai Dockyards 12.

Mining: Raul Mines 70; B.R. Mor Get. 1.

Landa, Hotels & Bidar.: H. A 8. Hutaža (2445, 24%), 24%/%; H.K. Lands

k34, 82an; Shanghai Larvie &n; Humphery.

This price, it was pointed | Estates 24146, 254, 26% *; 16.K. Rest nut, roughly equalled theater-: Chloe Fatates 196. London's business in Grant-ng blocked in Britain

Publie Utilillen: 1.K. Tramwaye 26% 2. after 261 26147.40/1: Peak Tram (Old) ing international trade has "in pizchases of other utilities undo, New) 4: Star Ferries 120, 121 creased tremendously" lo

the Greek amount deducted.. A Yaumati Ferries Sin: China Lights trast 18 montis, Outside Lhu

((1K) JUAN 1736 175500, (New! sterling area. London has recap- Commenting in the financial Electrics stb, Gules, a tured more than its prewar column. "By Lex," the "Finan Bandakan Lights 13n: Telephones (Old) V754an; Muzna Electrics" 21b, 41%on; share and is being offered more vial Times" naid: "The lower 49. (New) 54%, 34518. than I can finance from Bri-imit is at, say. £8,000,000 (for tain's own resources,

the Uruguayana are bound to fita,} Despite the "nonsense" about suggest at the start, in a friend- "dolar imperialism," the Unit- ly way that the railways are vil States banking system is not¦ junk: and the upper limit is at } Watacnu 45144. 65/85 J/%s: Lair propared and not willing in take 12,000,000,"

over the financing of internn- tlonal trudle. Every country

· Industriala's Canton Tees 75ển : Cementa 255, 25% 72ñea. (Rights) 34%%, 10%/10am! H.K. Kopes 20%* 20 % ma

Stores & Dairy Farme Mab, k2m, Alim

Crawforès (03: Dincerm Dir: China Emi parlum (Converted) 140; Ben Co., Ltd. 640 E HART long 224n: Wink Un The writer pointed out that. x. 1260: Wm. Powell. Ltd.

Entertainments

China

(Now) 41⁄2n; Yibro Pling 61⁄4n: Mareman

which has been granted trans-bu'nnees total £17,000,000 of sign. Packard Madera 6. Paa American Air-ferable stering has undertaken which €2,000,000

Miscellaneous (perhaps wats 18%, Pencodvaudu 11 21%, Radio.

*4,000,000) will be paid for by 12. ; I.K. Constructions (Qld) Ts, to allow it to be spent only for Corp. 20%. Revulder Strel 28, Reyan

other utilities aside from the investments 19/2h; Martan (H.K.)_3/9n. current purposes and is entitled to take sanctions ruilways.--United Press.

| Tiðmenn 125, Betenler 39, Sears 1.

buck 29%, het) to 223, Sonny Ynem

TRA Bontbren Furilia 45, Sardagainst abuse.

Itrand 2, Kumbard CHF it,

Britain

Mandard of N.J. 163. Sendetanker Moreover, before any French-

24 inho a 3%, Bakes Carbide

%, 118. Junder G, 1.8. Strel 7 (1.5, Jelena 21% Weating bobe 216 Youungstown Shaet.& Tu 0734. Girn, Pake Ulti 14 --Associated Press,

London Stock Exchange

Loniton, July 16.

The Stock Exchange opened it

to the general

MA, for example, can spend his i transferable sterling in the f United States he must deliver it) to the Bank of France.

"Not every Frenchninn is willing to do that.”

་

Ceflager Ewos Hr.

AMERICAN PRESIDENT LINES.

4

REFRIGERATION-SPECIAL CARGO OIL TANKS

CARGOCAIRE--SPECIE

SAILINGS

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

69 "Prealdent Grant" (vla Shanghai) 89 "General Meigs"

....... July

20

Aug.

7

88 "General Gordon"

Aug.

21

*NOTE:" Third Class Passage Fare train Hongkong to Pacifie Coast, in US$175.00 Plus, US$8.00 for persons who are not U.8. Ültizens.

NEW YORK AND HAVANA VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY,

SUEZ AND MEDITERRANEAN PORTS

(Calls Karnell) July

88 "Scott E. Land"

SB "Marina Snapper" 83 "Marine Filer"

8.5. "Martuse Lynx”, SS "General Meigs"

MANILA

34

July

27

Aug.

ก

July

18

Aug.

1

AMERICAN PRESIDENT LINES, LTD.

Ft. George's Bldg.

Tel. Nos. 28172/28175

Pacific Far East Line, Inc.

- TRANS PACIFIC SAILINGS To San Francisco & Los Angeles

SPECIAL CARGO OIL TANKS--

8.8. "LAKEWOOD

VICTORY"

8.8. "FLEETWOOD" 8.S. "PACIFIC BEAR" 8.8. "LIGHTNING"

Dua

Saite

F

July 21

July 22

Via Yokohama

24

24

Direct

20

30

Aug. $

Aug. 5

Via Yokohama

Dircet

Inland Revenue Statment American Pioneer Line

(Continued from Page 1) tax and so far, the response has been unsatisfactory. It should be pointed out that any person who pays interest on borrowed undar 8

business provided that the theft was a genuine one and vouched as such by the Police,

Half Per Cent

Bad debts owing by Indivi- Britain wil not pay more

Digney duals or firms outside the than half per cent interest on

mortgage, Co'ony would also be allowed accumulated sterling balances. No market is likely to develop bil of sale or debenture, which upon the production of satin- in blocked sterling--beca se, it is egistered with any public factory proof.

new three-weekly holiday, account cannot be used for anything. Authority or public oficer and When asked the position in a disappointing manner, with heavy discount of about 40 pery person who pays interest where a firm was unable to pay sections ensing.

Gilteriged, however, after half-cent would deter its use in the money borrowed for the income tax on profits in view point gains, closed unaltered but

New York market in sterfing purpose of carrying on a trade, of the fact that tax was being industrials est ground.

socurities.

profession or business, is bound) levied with a retrospective The exception

A though yesterday's oblign. by Section 30 of the Ordinance effect, Mr. Pudncy said that dullness was provided by Anglotions were imposed on Britain. deduct therefrom 10 per cent her ar no excuse for those Iranians, which were better after she would, anyway, have had and pay this over to the Inland who had not made the necessary allowing for dividend deduction. 'to effect some multilateral con-

Revenue Department.

provision. In exceptional cases, There was further animation it vertibility of sterling by this "Any person who falls deduct where the Department was con- central Uruguyen rail

stock dinte. If, however, it bad been this 10 per cent is still able to vinced that penuine hardahip Gold and coppers were dull. allowed, gradually the Greeks rallied among Europeans, would have been

word the Department. Information existed, payments in instalments --Reuter.

spared the la now being collected regarding would be considered. anxiety and

which such mortgages, pressures

bills of sale, have been caused by this im- debentures, loans, etc., and when posed deadline,—Reuter.

the necessary records have been opened, those →persons who

The adoption of this procedure iove to the Inland Revenue De-

1947, and who have not pald Partment, tax in respect of in- in the collection of interest tax tercat accruing since April 1st. Yould, sald Mr. Pudney, save

individuals much trouble.. over the tax will be called upon prezent strength of his staff is Mr. Pudney revealed that tha to account for such KUTTIN whether or not they have been 65, but that he is expecting the deducted from the interest pind. Officers fram Home in the near arrival of five senior Assessing Failure to comply with these

future. provisions of the Ordinanco

able to severes penalties. renders persons concerned

STEEL SCRAP SPURTS

SILVER-PURCHASERS should havo-deducted-and-pold

per ounce.

New York, July 16. New York, July 17. Sharp spurts in the price of 200,000 ounces on the basis of Silver consumers bought about steel seran this week delivered a unchanged 65 cents severe blow to any hopes that There was no confirmation of any President Truman's plea for foreign business.-Reuter. stay in the rise of steel prices would be effective, the metal- working paper "Iron Age" says.

Serap pricus advanced this week dustry sources wers convince.] with the Iran. Age" composite that high seran price and new price climbing in $17 a ton-up coal price necessitnir steel price $2.17 from Inst week.

bugst of more than $5 a 183.-ẬY- The paper reported some in-szelated Press,

Bombay. Columbo

.U... Genoa,

B.K.. Genc. Hombay. Colombo & Straits. SAILINGS

September

TO

READY

2

+

-Shanghai & Köbe

20th July

Straits & U.K.

10th August

18

2nd Sept.

Also

SUP

"TREVAYLOR" "

"SCYTHA"

(Passengers Only)

Strails, Genoa & U.K, Mid Aug. Straits & UK.

• Accepis cargo for London. Antwerp & Rotterdam.

Recepts cargo for Madras on through bills of lading.

British India S. N. Co., Ltd.

Passengers & Freight to India

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

ARRIVALS

sur

*EMPIRE ATHEESTAN”

"NANKIN"

་

A BRITISH cross woRD PUZZLE

4

10

4

13

13

16

17

18

19

FROM

DUE

72

123

...

Melbourne & Bydney

Early August

124

.Australia &

Mid August...

New Zealand

126.

For full particulars apply to

MACKINNON, MACKENZIE & CO.

Telephone Nos. 27721-4.

HONGKONG-MACAO LINE

3.8. "WING KING"

DAILY SERVICE

Leave H.K.

1.30 PM.

Hongkong Berth - Tung On Whart

Clues Acrost

3. Rebound.

B. Lucky"

charm.

D. Souvenira.

11. Client.

19. Come Into

view. 22. Fine

residencos.: 24, Bangle.

18. Tambled. 25. Make

*ffervescent.

Leave Maczo

18. Exclude.

3.00 AM

18. Drawing- 20. Banner,

room.'

Yesterday's Crossword

Connaught Road, Central Mackó Berth No. 20 Whart For Freight & Passage please apply - TAK CHEONG SHIPPING CO.. Phones 25115

Whiteaway Laidlaw Building.,

28125

25

120

2!

Clues Down

1.'Dry up.

placo,

**

Dealing with the interest, tax, Mr. Pudney said that arrange- ments were being made to have this tax deducted through Soll- citors and firma of Accountand

Notice to Consignces S.S. "KWAISANG"

From Calcutta, Strails and Saigon

"It should be noted, however, that the obligation to deduct Interest Tax from Interest pay- able does not apply to, interest which is paid to a Corporation currying on trade or business In the Colony or to any bank approved by the Commissioner, So far the banks which have been Damaged cargo ex" this vessel approved are the members of will be surveyed in the premlacs the Exchange. Banks Associa of the Hong Kong Kowloon tion and various others,

Wharf & Godown Co. Ltd. bo.

Arrived 14th July, 1947.

"As there seems to be some tween the hours of 10 am. and doubt in the minds of many July, 1947. Consignees are ad twelve noon on Monday, 21st people as to what is required of visad to have their Representa them under the provisions ro- tives present during the Survey. garding Interest Tax, any per

son who so desires is invited Consignees

to consult the In'and Revenue claims for damage or shortage are warned that Department, 4th floor, Windsor may not House, where the Appeasor in damage

be accepted if the Charge will be pleased to give Mears, Goddard & Douglas In is not surveyed by him the necessary advice.

the presence of Consignees re-

"The pubile. generaly, are presentatives at this appointed again reminded that the officials time.

of the Inland Revenue Depart- ment are prepared at all times. to assist them in any of their dfmeutics without charge. Persons who may be in doubt as to their position or an to what action is required of them are invited to consult the Pe- partment between 0a.m. and 1 p.m. and 2 p.m. and 5 p.m." Questions

Replying to a question, re- garding the taxation of haw- 2. Appearance. 15. Cooked,kers, Mr. Fudney said that it 16. Spheres, was doubtful whether many

8. Takes away.

4. Entry.

5. Beyond.

6, Loathing.

17. Musical

JARDINE, MATHESON

& CO., LTD.,

Indo-China Steam Navigation General Managers:

Co., Ltd.

Notice to Consignees

S.S. "ANCHISES"

Dampged pargo ex the above hawkers were making more than vessel will be, surveyed at Holt's composition. 87,000 a year. Officers of the Whart bolwean the houra of 10 20. Ethical, 21. Willow.

7. Struggle... 22. Reppir,

10. Docoration. 2. Nigh. 14. Common-

Department were, however, on

the lock-out and if it was felt, and 12 noon on 31st & 22nd that a person was making more July 1947, and consignees repre than $7,000 annually, an este sentatives are requested to be nated assessment would be present during the survey,

Down:-1 Lilac; 2 Human; 3 lovled and It would be up to the BUTTERFIELD & SWIRE. Across1-3 Lemonade; 7-Inure; | Loves: 4 Orgy: 5 Abated: Individual person to prove that 8 Vanguard; 10 Abrand; 13 Eddies; Addict: 11 Bored) 12, his Income was otherwise ka

18. He 17 Tnvades; Scope; 14 Enters) 18/Habit;® 204'

Agenia.

18 Respect; 20 Idle; 21 Tedious; Recur; 18 Ruled: 10 Slogans 22 In the case of Idas, through Hong Kong, 17th July 1947.

37. Lagalling 1881 Doeftes 25 Oosed: 84 Stamp: 20 theft, such lou would be treated aka samne naked as an allowable Expanse of the

Dream 90 Dungeons.-

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

$8. "LOOKOUT" 8.8. "STAGHOUND”

Due Aug. 1st

Due Aur. 20th

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

— ŠPECIAL CARGÓ ÓIL TANKS-

a. "LOOKOUT"' :.......

For Full Particulars Call

Salts Aug. Dtl.

UNITED STATES LINES CO.

General Agents

314, Queen's Building.

2

Tel. 31251 (8 lines)

The SWEDISH EAST ASIATIC Co., Ltd.

M.V, "NAGARA "

Loading Hong Kong on or about 8th August,

for

PORT SAID, GENOAĮ MARSEILLES, ANTWERP,

ROTTERDAM, COPENHAGEN, OSLO, GOTHENBURG.

AND GDYNIA.

·Tanks available suitable for the currlage of oil in bulk..

For further particulars apply to:-

GILMAN & CO., LTD.

Agenta, Telephone 31146.

KLAVENESS LINE

SAILINGS

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

..................... SAILING 6th AUGUST .......... SAILING 6th SEPT. ARRIVALS FROM PACIFIC COAST

15. SOMERVILLE ILE. "ROSEVILLE"

ma. ROSEVILLE

PASSENGER ACCOMMODATION.

DUE 4th AUGUST

SAILING FOR SINGAPORE 611 AUGUST

Chinese Freight Agents,

HỌA FOOK FING

THE BANK LINE (China) Ltd

BULK OIL TANKS.

Apply.

THE BANK LINE ·

(CHINA) LTD. King's Building. Tel 27702

DOUGLAS STEAMSHIP CO., LTD.-

S,S. "HAIYANG” Sailing for Swatow On 18th July at 5 P.M.

Subject to alteration without Notics,

For Particulars of Freight & Passage, Please apply

DOUGLAS LAPRAIK & CO.

General Managers.

P. & O. Buliding, 5th floor. Tel. No. 81281

Sor

CHINESE SHIPPING DEPT. Connaught Road, Central, Tel. No. $4680-