1947-07-25 — Page 8

THE CHINA MAIL, FRIDAY, JULY: 26,~1947.

JAVA CHINA-JAPAN LIJN NV NO LONDON MOVE YET OVER

FOREIGN-GOLD DEALINGS

• King's Building, Connaught Rond,

N.V.

Tel: Shipping Dept. 28016. Passage Dept. 28017. Chinese Agents, Connaught Rond, C. No. 82, Tel. 25183.

Ship

.. "TISADANE"

due from. Japan, Shanghai'

& Anoy,

8th August

ms, "TJFTJALENGKA". N.E. Poris.

17th August

Salling for Singapore, Java ports & Macassar, 10th August

Amoy & Shanghai, 19th AuguNE

Agents K.P.M. LINE

(ORIENT JAVA AFRICA LINE).

Ship "STRAAT. SOENDA"

due from

In Port

Funding for

Mauritius, Laurenco Marques, Beira, Durban, East London, Fort Elizabeth, Mosselbay, Capetown, Buenos Aires, Monlevideo, Santos, Itlo de Janeiro, 30 July

Transhipment vargo on through Bill of Lading accepted tor Dar-Es-Salaam, Mombasa. Zansibar.

.. "HOISSEVAIN” In reconversionLoading for South Africa:

South America August

Sultable cargo tanks for Jiolk nil

Ship

(DELI-STRAITS-CHINA LINE)

"VAN HEUTSZ"

Amoy & Swatow 27th July

Agents

Singapore, Penang

& Belawan Dell, 29th July.

SİLVER LINE LTD.

due from

Sailing for

m... SILVERSANDAL" Persian Gulf ports U.S. Atlantic_ports

& Karachi.

end of July

BS, “HENDÓNHALL U.S. Atlantic ports

Agents

Ship

via Manila & Shanghai.

on or about 31st

August.

via Singapore, Penang

and Colombo, on or about 29th August.

U.S. Atlantic ports via Philippines, Straits and Colombo, on or about 11th Sept.

HOLLAND-EAST ASIA LINE

"SIMON STEVIN”

due from

Shanghai

25th July.

Loading for Manila/Singapore/

Colombo/Suez/Port Said/. Genna/Marseilles / Antwerp Rotterdam/ Amsterdam Hainburg /

Copeningen/Gothen-

Eustuble cargo lanks for bulk rdi | burg/Osto,

K. "ERASSIUS”

Europe

19th Aug.

B.S. "HUGO de VRIES'

Europe

late August

25th Zuly.

Manila /Singapore / Colombo/Suez/Port Said/ Genoa /Marseliles/ Antwerp/Rotterdam / Amsterdam/Itainburg / Copenhagen/Gothen-

burg/Oslo,

early Sept.

Manila/Singapore/ Colombo 'Suez/Port Said/ Genna/Marcilles/

Antwerp Rotterdam/ Amsterdam; Hamburg &

burg Oslo,

Suitable cargo tanks for bulk oll Copenhagen/Gothen-

end September.

Peninsular & Oriental S.N. Co.

SUP

SCYTHIA DAN-Y-BRYN"

STRATHNA VER" **TELWORLAS"

"PUNDUA"

"TRESILLIAN"

"TREWIDDEN?

ARRIVALS

FROM

UK. & Straits .Bombay

& Karacht

.U.K. & Strolls

....UK. Genoa

Bainhay, Colombo

& Strafts

.Karachi

& Hombay

.U.K., Genoa,

Bombay, Colombo

Straits,

U.K., Genra Hominy, Colombo & Straits. SAILINGS

DUE

London. July 23.

There was no indication in London today as to whether or when the British authorities, In- tended to follow the United. States Govern- ment's action which, from yesterday, brought about a suspension of New York dealings in foreign gold at prices above the official price. Bullion brokers here stated that they had received no official instruction' to stop such dealings in London and did not expect any. They argue that while there is a market here and if the business is not done here it will be done on 'the Continent of Europe. Offcial quarters vaguely bint-↑ more experience. After receiv ed that home action had been ing permission to re-start, Lon taken, but they significantly ro don apparently became a bigger fused to be quoted for any de-market than New York. ntal of the alegation by New similar interval might clapso be? York bullion deniers that the fore London . fulfilled New Bank of England, un'ike the York's cenuation of dea'ings, if United States authorities, had the latter proves to be per- failed to ask British dealers to manent.--Reuter. refrain from this business.

The situation is complex and delicate. A month

the

International Monetary Fund asked a member governments to tease any dealings in gold nt premium prices, and to use their influence to stop them everywhere. Thereupon, Mexi co, which had been the biggest supplier, emlmrgoed exporta to the free market, but entreport dealings in foreign gold con fined in both New York and London.

Applicants For British Papers

A

SHIPBUILDING SUBSIDY?

Washington, July-24. The National Federation of American Shipping has aug. prate 55 per cent govern ment subsidy on the cost of building ships, whether for 1(20 in foreign or domestic trade, to make up for the higher cost of building ships In the United States—A889- ciated Press.

London Stock Market

London, July 23.

H.K. Stock Exchange

Another bury, day with a honey tarke over in Docks, I'rovidents, Tenma, Ol} } China Liekis. Cements and Ropes In partlesiar. At the clone an Post demand we at unsatisfied notwithstan:t ing the closing rates had improved un those at the opening.

Clowing sales: 8.30 17.1.1

H.X. Govt. Emanus" 47% Long 108361 2% on 10th X, Int.

Danker JLK. & 8. Bank 2010b, 2087, 2030, (bon. Reg) X.D. £iin: Char- tered Tank 232-1/lon: Marenatis Hank A. & D. ££ns Bank of East Asia 108m. Insurance Canton In, 380 Unloa

|| Ina. Mhôh, 828+: China Underwritem b;

ILK. FIN Ins. Room.

Shipping Douglases '24âni X.H. & M. Ateamboat 10: Indo Chinas (Pref.) 110lb. (Def.) 319m: Bhell (Bourer) 101/on: Union Waterbosts (0lt) 425, 42a8, (New)

Decks, Wherren, findowns, etc: R.K. &

K. Whares 240, X.D. 222: 1.K. Deli

The downward movement was resumed in most sections of thu stock markets today but losses were not so widespread as pro-41b, 40/42: China Providenta 24% 1. 26% 28/2044/%ın; Shanghai Dockyarılı viously this weck.

13h 1200. Business was again

very thin

Mining: Raub Miura 78; H.K. Minea but losses were not so nevero, in i neta, a. Government, securities-

The or In industrial section.

Since the end of the war, 144 people of different nationalities havo applied for British naturalisation papers, the "China Mall" learned yesterday.

Thirty-eight applicants have, heen granted British papers, 24 have been refused while 82 are still under consideration.

Detalls of the 38 successful applicants follow: Stateless 18: Austrian 3: Last week, however, the US. Mexican 1; Polish 2; Latvian 1; Government "requested" Ame-Hungarian. 1; Spanish 1; Por prices one quarter to half a point

Kazda, Hotels & Bidgo.: 1. B. Flulele 24, 24, 2434/5mm H.K. Te K20. Oil started the day badly ex- (014) 816. 845, 8, (Now] favourites, which wore subjected her chinese a

Lande 21: pecially in some of the recent (ights) 2; Shanghai

I.K. Reallion 10 16: Estates 100K to farther selling there was a

pressure but

Pablle Utleien 1.1. Tramwaya 26iz, late rally, reducing 20 20:

Peak Trams (Did) ton, most losses. The commodity soc

(Now) 4 Aine Ferries - 1294, 180km i tions were idle throughout,

Yaumati Ferries din: China Lights (ON$1 There was a small local demand 186 1854, 17.85/18, (New) 15; 11.K. for South African gold and cop-lectrics 781, 71/78an: Macao Elected: per shares. Brazillan bonds were 225, Sandakan Light : Telephones occasionally, easier but generally 10143 405, 50/50/50, (New) 36b. Foreign rails, however, lost soms b; H.K. Ropes 146, 224, 2014/224. foreign bonds passed a quiet day. (x. His 304, 3054/24/2014. etia Russian 9;. ground.

With a diminution in supply, prices rose rather sharp'y. from below 340 to nominially about $45 an ounce, as against the official $35.

Flean banks and businessmen to

refrain from such dealings and

hinted

at stronger action if nect spury. Yesterday, this caus- ed the withdrawal of a'l offer ings in New York "for the time being" and a committee, repre- senting American refiners, went to Washington to seek a clear and concise statement of policy by United States Government

tuguese 2.

wero

The 24 who

refused naturalisation papers were:

Italian 1; Russian 7; Portu- gcse 4; German 4; Austrian 3; Stateless 4; and French 1.

GOLD QUIETER

interest in gold slackened yes. officials as to the present and terday and fluctuations fell to future status of private opera-narroy limits. Opening at $331 tions in foreign gold in the tacl the rale went up to $332 United States."

and then weakened to $328. It) improved to $329 at the "close.

Previous to this official ac- tion.

Bending American re- finery company had invited Ca- radian mining concerns to send It more ore, from which it of- fered to export the gold at higher than official prices.

P.I. Gold

Plaatres were also very quiet, opening at $11.25 a 100, drop ping to $11.10 and Improved to $11.20 at the close.

Chinese National

Currency opener at 11,00 cents for futures" and 14.05 cents for spot (for CN$1,900) and closed at 11.1 gents and 13.85 cents respectivo

U.S. dollars were steady at $4.85 Sterling and Australian

were unchanged

K.L.M. ROUTE

It has been Indicated that The Philippines authorities in. tend to continue to allow their wold output to be so'd for tha highest obtainable price on the free market. This Philippine pounds gold was being sold through $13.10 and $12.52 respectively.! London, and even if Washing- tou made representations Lon- don would argue that since the Philippines, which. are closely linked to the United States, are selllug gold freely, Loddon in stead of some other centre, is entitled to earn the few bad'y- needed dollars as commission.

Alternatively, the London au- thorities may be awaiting

United 22nd Augustclarification of the

States policy. It was not untk well after a market had develop- ed in New York that one was allowed to develop in London.

8th August Mid August

18th August 20th August

August

the

The K.L.M. (Royal Dutch Airg lines) will use "Constellation" planes for the service between Amsterdam and Batavia as from next month, it is announced.

The service will be increased to four flights weekly, each taking only 2

days.

The Dutch are building a hotel with 46 double-rooms in Karachi, will be made in future. where the only halt in this servic

A Cirical Meeting under the auspices of the Hong Kong Chin. The London brokers made re-est Medical Association will be presentations that they were held at the Tai Wo Hospital this gut not to be debarred from the evening at 8.00 p.m. All Members business which New York was and Friends are cordially invited doing and in which London had to attend.

September

BINP

"SCYTHIA"

"TREVAYLOR””•

TO

READY

„Stralts & V.K.

12th August

(Passengers Only)

"STRATHNAVER"

.Straits, Genoa 17th August

& U.K, Straits & U.K, 2nd September

22

(Passengers only)

8

* Accepts cargo for London. Antwerp & Rotterdam. Also Recepts cargo for Madras of through bills of lading.

British India S. N. Co., Ltd.

SHIP

"""DAVIKEN"

ARRIVALS

FROM

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

SHIP

"EMPIRE `ATHELSTAN"

"NANKIN"

DUE

Madras & Singapore

Early August.

ARRIVALS.

FROM

DUF

itelbourne khác Sydney

Mid August

End August

Australia &

Now, Lekland

For full particulars apply to

MACKINNON, MACKENZIE & CO.

Telephone Nos. 27721-4.

HONGKONG-MACAO LINE

6.8. "WING KING?

TAK

DAILY SERVICE

Leave: II:K.

(1:30 PM.

A BRITISH CROSS WORD PUZZLE

9

10:

[H

867

122

123

Clues Across

3. Got near, 18: Stratum,

period,

8. Ten-year

9. Moderate,

Leave MacRO 3.00-A01

12: Formerly: 15. Or firat

Hongkong Barth — Tung Ons Whar£"*na

Connaught Road, Central,

Berth --- Ná: 201Vhart:

please appl

11 Made up.

Importance:

19, Bard,

22. Labby. 24. Pressman. -25-Brood.

20 Etable

kg

20

© Clues Down

Decrée,

21 Rascal.

D: Nával.

* rank. 4: Parr.

14 Excursion;

15) DayılroaM.

Industrialas Canlan frew 7: Cemerla

Hierro & Dairy Parma X7ak: Wnikon Some selling of home rails loftcore Lane, Crawlonia 635, 89Hans

, lower on the dayReuter,

WAR

MEMORIAL FUND Subscriptions received on 23rd. July, 1047.

Marars. C. T. Choy $ In memory of Mrs. G.A. Leiper: Mr. & MTR. H. O'dell ... .Haxel and Ralph.

Hardy

In

Mrs. 'Eva Pearce and Mr. T, A. Pearce The American Ex- National City Bank

press Co, Inc..

of New York

of Mrs. memory C. A. Leper: Mr. & Mrs. S. Mason Messrs. Shewan

Tomes & Co., Ltd. in memory of Mr. G.A. Leipuri Mr. & Mrs. P. S. Cassidy Mr. & Mrs. F. C.

Barry

H. K. Bank "Sun

Wah" friends Mr. A. H. Potis... Mr. & Mrs. E. C.

Frederick

Total. Hong Kong Govern

ment Contribution Recolved

22nd. July, 1047

Grand Total

ما

50.00

10.00

Binceres 9.20; China or pensa

Converted; un Co., Ltd. 64b; Kwentia Bank Hong 12hn: Wiew On (UK) X.D. 145m; Wo. Towell,'lad., in.

Miscellaneças: China

Entertainment

b: H.K. Constructions (0) 15% (New) : Vibro Piling Binz Marum „Investmanta 18/ần Maraman, (HK.) 1/81.

Collomi Ewor Týb, Täna.

N.Y. Stock

10.00 Exchange

4

Now York, July 23. 25.00 Initial indecision was succeedoi by #rally. led by chemicals, 2,000.00, textiles and rails in the morning

session on Wall Street today. 2,000.00

Buying

enthusiasm gathered with! afternoon momentum in

the

namely, steels

leading industriale, taking the

AMERICAN PRESIDENT LINES.

REFRIGERATION-SPECIAL CARGO OIL TANKS—–

CARGOCAIRE-SPECIE

SAILINGS

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

88 "President Grant" (vlå Shanghal):

'88 "General" Melgi”

88. "President. Madison" (via Yokohama)

88 "General Gordon"

88 "Marine Adder"

July

Aug.

Aug.

Aug.

Sept.

*NOTE: Third Class Passage Fare Trom Hongkong to Paciflo · Count is US$175.00 Plus US$8,00 for persons who are not U.S. Citizens.

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

SUEZ AND MEDITERRANEAN PORTS

SA "Scott E. Land” .....

July 88 "Marine Snapper" (Calls Karachi)........................ July 88 "Marine Fller"

MANILA

88 "General Meigs"

88 "General Gordon"

Aug.

Aug.

Aug.

AMERICAN PRESIDENT LINES, LTD.

Ft. George's Bidg.

Tel. Nos. 28172 /28176

20

28

"

Pacific For East Line, Inc.

TRANS PACIFIC SAILINGS To San-Francisco & Los Angeles

-SPECIAL CARGO OIL TANKS-

Due Saite

July 20 July 26 Direct

20

1

15

5.8. "FLEETWOOD"

6.8. "PACIFIC DEAR", S.S. LIGHTNING" Aug. 2

5.S. "CHINA VICTORY"

20

Via Yokoljama

"

Aug.

2

Via OkinawaA

and Yokohama

14.

14

Vla Yokohama

Line

Americam Pioneer Li

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

5.8. "LOOKOUT" 5.8. “STAGHOUND"

Due Aug. 1at

Due Aug. 20th

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

-SPECIAL CARGO OIL TANKS --

25.00 and motors' again

leadership, with

2.3. "LOOKOUT" the average au- 5,000.00 vancing more than one point

Earllor gains in rails and other wall maintained divisions were 25.00 while domestic airlines were in- clined to ing as traffic is decll- 100.00, ing faster than normal at this

time of the year.

100,00 The approach of important

26.00 quarterly earnings statements

0,420.00

For Full Particulars Cali

Salix Aug. 9th.

UNITED STATES LINES CO.

General Agents

**

314, Queen's Building,

In

expected to direct attention 60.00 unusually Favourable earning.

ratio, selling price

Prices reacted slightly from the day's best lovels--although gains $,420.00 of fractions to one point were widespread with some special 1,942,021.88 issues showing advances to morg

than three paints.

.... $1,800,861,80

ter.

The market closed· Brm-Rou-

Wallace Comments

The Marshall

On Plan

New York, July 23,

Henry Wallace, writing in the current issue of the "New Republic,” said today that "the pro- clamation of the Marshall plan, so eagerly grasped by British Foreign Secretary Ernest Bevin and French Foreign Minister Georges Bidault, has encouraged some pessimists, whose major fear has been that Western Europe would run out of American dollars,

But the Inaplementation of the pavitable and will be easier to deal Marshall: plán: requires Congran- | with "when "10,000,000 men are sional action, and it is difficult to out of work, Russia. is really, less predict the galumo, ofraid, the interested' at the moment în dx- Republican-dominated, Congress porting Communlam than. Import-

• will give to social; democracies of Ing. American, made goods at un- Western Europe.

Inflated prices-Urilted Press...

"Those who predict that United States. inflation: on 'the' basla, of, tha Marshall; plasi, will, add to the purchasing power of Westora Europo may have to change, their "opinions very” suddenly,"

"“A relatively" mainil appropria tion of $2,000,000,000 for overs soan relief will not hold foreigo and domestic purchasing power at levels” necessary to maintain full employment. Really to do the jab in Wastern Europe will take ap- proximately $10,000,000,000, whẩe. an additional $25,000,000,000 $85,000,000,000 would be required to take care, of the Far. East, „Near East, Eastern - Europe-

and Russia"

“Real Smash”

Wallace added: “If tho... Ming? 210; Refrained khall plan is financed by the Con

from killing,gress on a 'hate, Rusala'," başla 17 Tyrant. v

20. Lootr ion. mbaya 21. Chic. 22; Tüne 10. Lurdes 23, Rolate.

Yesterday's Crossstordalens 14:43, vál

Across Uttering

Collares: 7 Later: Gr 10 Rall

18

„Sciencek. 20,

Downiel Blupe ¤ Stylej <M

Thomeille

without, adopting, propor; controls

før, our domestic economy we shall have a temporarY, ADOLLY

followed, by

the Congress gets tired of hap 'Birkdal Bollera; for, (umin

TO

IMPORTERS ANDRA EXPORTERS

touc

THE LIVE DIRECT

MANUFACTUR

REPRESENTATIVI

IN AUSTRA

Tel. 31251 (3 lines).

The SWEDISH EAST ASIATIC Co., Ltd.

OUTWARDS TO SHANGHAI

M.V. "NAGARA” M.V. "FORMOSA" ALV. "BENARES" M.V. "TONGIAK

discharging-H.K. 28th July

Ti

10tte August

middle Sept.

1.

middle Bept.

TH

HOMEWARDS TO EUROPE

M.V. "NAGARA” M.V. "FORMOSA"

.loading 'IEK. 8th August .loading. II.K. early September LOADING FOR

FORT SAID, GENOA, MARSEILLES, ANTWERP, - ROTTERDAM,

COPENHAGEN, OSLO, GOTHENBURG & GDYNIA Tanks avaliable suitable for the carriage of oil in balk

For further particulars apply to:-

GILMAN & CO., LTD.

Agents, Telephone 31146.

KLAVENESS LINE

SAILINGS

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

m.s. SOMERVILLE

m.8. "ROSEVILLE":

SAILING 7th AUGUST

... SAILING 6th SEPT, DA

· ARRIVALS FROM PACIFIC COAST T

m.6. ROSEVILLE

SAILING FOR SINGAPORE PASSENGER ACCOMMODATION.

Chinese Freight Agents.

HOO FOOK PING

THE BANK LINE (China) Lul.

DUE 2nd AUGUST 4th AUGUST BULK OIL TANKS.

Apply:---

THE BANK LINE

(CHINA) LTD, King's Building. Tel. 27782.

BEN LINE STEAMERS LTD.

SHIP

8.S. "BENNEVIS”

8.8. "BENVORLICH 8.6. "BENTINNKS"

8.8. "DENAIDY”

总榜:

13.5. BENBINNES"

ARRIVALS

FROM

INGS

LOADS FOR

DUB

abi. Bih Aug, 8th Aug. 23rd Atig. Ist Half-Sept

READY

100 AN

W. R. LOXLEY & CO.

CHINA)

LTD.

Enge