Page #
JAVA CHINA-JAPAN LIJN N.V.
King's Building, Connaught Road,
Tel: Shipping Dept. 28018. Ponnage Dept. 28017. Chlaese Agents, Connaught Roud, C. No. 82, Tol.;26133,
Ship
m.s. "TJISADANE”
due from.
Japan, Shanghai
&. Anoy,
8th August
ms, "TJITJALENGKA”
5.R. "TUBAÐAK”
Shilp
N.E.I. Ports.
17th August
Japan. Shanghai
Salling" for Singapore, Java ports & Macassar. 10th August
Amoy & Shanghai, 19th AuguNT
& Amoy, 21st August
·
Agents K.P.M. LINE
Singapore. Jaya ports & Macassar. 24 August
(ORIENT JAVA. AFRICA LINE).
due from
"87 KAAT SOENDA" In Port
Loading for
Mauritias, Lourenco Marques, Beira, Durban, East London, Port Elizabeth. Mosselbay.
Capetown, Buenos Aires, Montevideo, Santos,
Suitable cargo tanks for bulk oil) Rio de Janeiro,
Transitpment vargo on through
4th August,
Bill of Lading accepted
for Dar-Es-Salaam. Mumbasa, Zarbar.
0.4. "BOISSEVAIN" 18 reconversion Loading for South Africa
Suitable enrgo tanks for hulk all
South America August
(DELI-STRAITS-CHINA LINE)
18. “VAN HEUTSZ" In Port
"SWARTENHONIFF" Singapore,
Slop
1st August
Agents.
Singapore, Pening
& Belawan Dell, 30th July,
Dry docking
in Hong Kong.
SILVER LINE LTD.
due from
ms. "SILVERSANDAL” Singapore,
begining
of August
11. "BENDONDALL U.S. Allantle ports
1.5. "ERASMUS"
vla Manila &
Shanghai,
on or about 31st
August.
■*. “BUGO de VRIES'
Europe
19th Aug.
Europe
Into August
Sailing for
U.S. Atlantic ports vla Singapore, Penang
and Colombo, on or about 20th August.
U.S. Atlantic ports via Philippines, Straits and Colombo, on or about 12th Sept.
Manlia/Singapore / Colombo/Suez/Port Sald / Genoa/Marseilles/. Antwerp/Rotterdam / Amsterdam /Hamburg/ Copenhagen/Gothen
burg/Oslo,
early Sept.
Manila/Singapore?
Colombo Suez/Port_Sald}
Genoa/Marseilles / Antwerp Rotterdam/ Amsterdam, Hamburg/
Suitable cargo tanks for bulk ull Copenhagen/Gothen-
burg 'Oslo,
end September.
Peninsular & Oriental S.N. Co.
SIMP
“SCYTHIA”
'DAN-Y-BRYN"
'STRATIÍNAVER"
"TREVORLAS"
"PUNDUA".
"TRESILLIAN”
""TREWIDDEN"
ARRIVALS
FROM
U.K., Colombo & Stugapore
Kothay
A Karuchl .U.K. & Straits
U.K. Genoa Jombay, Colombo
& Straits
Karachi
& Bombay
U.R., Genon, Bombay, Colombo
& Straits. V.K. Genes. Bombay, Colambd & Stralts. SAILINGS
ΤΟ
DUE
8th August 9th August
1811 August 2011 August
22nd August
August
September
SHIP.
"SCYTHIA"
Passengers Only)
"TREVAYLOR"
"STRATHNAYER"
Siraits, Genua & UK Singapore
READY
12th August
16th August
2nd September
(Passengers only)
& U.K.
-Singapore & U.K.
⚫ Accepis cargo for Landon, Antwerp & Rotterdam, Also accepts cargo for Madras on through bills of lading.
British India S. N. Co., Ltd.
ARRIVALS
THE CHINA MAIL, WEDNESDAY, JULY 30, 1947.
SECURITY SLUMP A REVERSAL
1.
OF CHEAP-MONEY POLICY
(By Sydney Gampell, Reuters Financial Editor)
...London, July 28, The slump in British Government securities seems to be a reversal of the cheap money policy, be- cause the latter has aggravated Inflation by creating huge profits for Stock Exchange speculators.
Britain's, and Europe's, fundamental trouble is the inflationary, excess of spending power, of which the dollar crisis, raw materials bottle- necks and, maladministration of labour are merely symptoms.
H.K. Stock Exchange
With renewed efforts of profit-takers is 4.f renilor, buyera fedorod their Ideas prices, rassing some revestan in quota- thona, Clowing rates 2,30 p.m.:
1.K. Gavt. Lt 3147 Loon 4th.
Hanke!
% Loan 10%
H... Bank X.D. zoo,
porte, Wen, Reg) X.D. £15%«; Char- Term Bank 21214: Mercantile Bank A. A 11, 2n; Bank of Fant Aula 209
Dearer, money and other re- trenchments are thus consider- ed anlutary and the only hope of lasting recovery.
Stock Exchange profits can- not be attacked by taxation, be-1 cause in Britain, unlike the United States, capital gains are not taxed.
Major Crisis? A quicker anti-inflationary | device is to turn Stock. Ex- change profite into losses and in the last week this has been happening on a great scale.
Nationalisation means a big increase in the supply of gov Insurance Canton Ins. term: Untonernment securities At the ex- ,, #2, 04: China Underwriters pense of the supply of indus- trip! shares, because it converta the latter into the former.
This implies that the fall in giltedged prices is relative to cquities--which has a'so been happening.
1.69 .K, tre Ine. '.
Shipping Douglasen X.D. 2650; XX. & M. Blamboate En: Inilo Chlume (Prefi) 101n. (DM) • 370mg +Bhella (Beater 102/50: Talon Wathironte (i)
| 14/48an, (New) 40% -
Darka Whaeren, Godowns, etc. 31,K. & K. Wharves 2164 X.D., C. nu.; H.K. Thanku -42%, 453% / 14,744 vn; Chia Prom ritunes 201, 20/20/2014: Shangħal Dock 10448, 16% 217.
Gets.
Raub Mines Ta: H.K. Mines
A
JUST PALS
Detroit, July 28,
The police have arrested two men who ' were driving the ante car at the same time,
They said Orlando" Ranoni, was steering, stonding up, while Harold F.. Watson was on the floor operating the pédáls with his hands..-
**We're pale," the two ex- plained to: Judge George Murphy. "We always drive, our together."-nited'
I'rces.
rar
London Stock Exchange
London, July, 28.
A further sharp decline in British Government securities
further
N.Y. Stock Market
Now York, July 29, A faw, alls and special" Isanos managed to keep on their feet, *Käte liquidation put the malority of·lenders down fractions to beg- tos than two points in the broad. 'est market reaction for over month, Transfers totalled 1,990,- 000chárd). Logres included
K
American Woollen, Southern Paci de, United Staton Stool, Bethle hem Chrysler, United Statox Rubber, Dupont, Allied Chemical.
Dow Jones Avaragas:-Stock 66.15, 20 Industrials 184.95, 15 Rails 60.72, 10. Villitles 36.86.
Closing stock market quotations (July 28):-
Adame Expmnt 18%. Alaska Junvär #; American Can 01, American Belts ing 621⁄4, American Telephoné 187, Americ ean Tobrero 17. "American Waterworks 17. Ancona Copper 31, Aviation Curs
. Baldwin Locomoties 10%, Barnsdal 19. Bendix Aviation #8. Bethlehem Steel markets, which were day at Chrysler %., Colgate 44, Commercial unsettled the other. Boeing Alrezult 30%. Darien Co. 4912, Canadian Facile 18%, 2, 1. Case 38,
the close.
Solvents.15%, Corn Products G8%, Du while perhaps not on the same 38. General Motors 60%. Goodrich 8534. This fresh selling wave, post 191%, Eastman Kodak 47%, Eléctyla
•Light & Power 17, General Klectric scalo as Friday. loft dealers Goodyear 40%, Greyhound 14. Home with little option but to lower takes Mining 454. International Harves- levels in the absence support.
of any er: 80, Internasional Paper 48%, Inter
national Tel. à Tel. '1831. Johns Manville- [44, Kannistolt Copper 4734, MontuomTy Most sections took their lead ward-68%, National Distillers 2. from British funds, especially Nationaly ad 184. New York Centerl industrials where most leaders (1816, Fackard Motors 1. Pan American moved rather sharply againat Airways 154, Pennsylvania i 21%. holders. Shipping issues were Reynalds Tobacco 42,6chenley 10%. Bears
retrenchment campaign ROOMS increasingly possible. Responsible offeints now expect the whole world, including Bri- also marked lower.. Minfog Lande, Hotels & Ridge, T. & R. Hon tain, will soon face a major X.tr. 23, 24, 25 15/16: 31.K. Sans dollar crisia, It cou'd have an 100 120, (New) 8, (Right inflationary outcome, including A. 28%; bank such cuts in imports of food 1.K. rallies : Chi Exentes 105.and materiala na would worsen Public titilities: H.K. Tramways 20%, the disease by Inflating inter- 26, 207, /27/5/3 Peak Tramal prices, handicapping pro- is 15h, Jan, (New) BB: duction and reducing incentives. Bar Ferris 1826; Yaumail Ferries 11n China Luhta etlich 1995 ». 10/30/15%
If this occurred, it would in flate equities and other capital values but in Britain this out
Humphrey Felifor
15%, 2644/20
n. (New) 144, 14an; H.K. Electries 76. 17/16: Marno Eleirls 221; Sandaken
List 136: Telephones (0}{} 49%, (New) 3. /ž¤×¤.
Industrialez Canton Ires 74n: Cements (X. Rimi 2915m. 2016/34/9914an, (Rights 21,056, 21.05mm; HK. Ropsa 22», 224/22 |
wh
Herrs Br, Tinley Parma AB, 97/RE
*; Watson 40%*; Lane, Crawfords 561, £#;/06 mm; Aluceres 9,0; China Ene forum 14 Convertel: Sun Co., kul &ligh; Kwang Bang Hong 220n: Wing On H.K. X. 1450; Wm. Powell, Ltd, ob
Misertaneous: China Entertainments
y I.K. Construcione (Old) 71⁄4n. New Gn Vibm Piling ; Maram Investments 18/3 | Mersman (J6K.) 1/01.
Catten Ewo A. x.
U.S. SILVER
New York, July 28. Consumer purchases of about 176,000 ounces on the basis of the unchanged price of 62 cents per ounce continued to fall well he'ow tenders but sellers were not pressing for the time be- ing. Foreign interests were negligible.
Gold sellers have withdrawn. Swiss developments are await ed, in view of the fact that
come Heems
Radio Corp, 9%, Repubile Bel 2734,
Toebuck 10%. Abeil Oll 13%. Koruny
Standard Brands 393, Btandard 0
Oila came back sharply, par- Vacum 10% Bauthern Pacific 11%. ticularly Anglo-Iranians with cair, 14, Standard Oll of NJ. 78% more speculators trying to con- Studebaker 2244, Union Bas. 84%. Untu solidate their profits before the Carbide 10%, U.. Rubber 18. 11.8. He end of the account.
74%, U.8. Lines 28. Westinghouse 2016, In the commodity, share mar-Utilities 14-Associated Press.
Youngstown Sheet & Tuba 49. Gen. Pat kota, teas were little changed but rubbers lost ground., Lit- the movement occurred in for- cign railways which, were nar rowly Irregular, while in the
Around The
highly unlikely. foreign bond section, Japanese World
Much more like'y is a deflation- ary retrenchment,Reuter,
and Chilenos turned horder and Europeana lower.-Renter.
U.S. Wheat, Flour And
Coal Allocations
Washington, July 28.
Vienna, July 28. The Austrian Government an- nounced that six Austrians were wounded in the last month in
· Austro-Yugoslav border akir- mishes, but gave no background for the incidents.
PENZANCE: Twenty-three and a child, sailed oarly yester Estonians, including eight women
AMERICAN PRESIDENT LINES.
REFRIGERATION SPECIAL CARGO OIL TANKS
CARGOCAIRE SPECIE
a
SAILINGS
SAN FRANCISCO AND LOS ANGELES VIA SHANGHAI, KOBE, YOKOHAMA &
·HONOLULU
88 "General Melga"
Aug.
88 "President Madison" (la Yokohama).................... Aug. 88 "General Gordon"
Aug.
21
88 "Marine Adder"
Sept.
*NOTE: Third Class Passage Fare from Hongkong to Pacific. Coast is US$175.00 Plan US$8.00 for persons who are not US. Citizens,
NEW YORK AND HAVANA VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, SUEZ AND MEDITERRANEAN PORTS
די
88 "Marine Fller" ..... 88 "Mount Mansfield" 88 "President Monroe"
Aug.
D
Augu.
24
Sept.
∙17
MANILA
"
88. "General Meigs"..
88 "General Gordon"
Aug.
AUK.
AMERICAN PRESIDENT LINES, LTD.
St. George's Bidz.
Tel. Nos. 28172/28175-
15
Pacific Far East Line, Inc.
TRANS PACIFIC SAILINGS To San Francisco & Los Angeles
-SPECIAL CARGO OIL TANKS--
8.8. “LIGHTNING"
KAYSERİPMANL 8.8. "NURPRISE" 8.8. “CHINAWE
Via Okinawa & Yokohama
Dua
Aug 2
Saila
Aug. 2
12
12
Via OkinawA
10
*
Via Yokohama
6.8. "CHINA BEAR”
10
19
"
Via Shanghai
& Yokohama
5.8. "GREAT REPUBLIC"
24
H
A "VICTORY?” AV
24 Via Okinawa
Guerican Pioneer Lime
Arrivals from New York, Boston, Other Atlantic Forts via Panama
Ks. "LOOKOUT" 5.3. “STAGHOUND"
Due Aug. 2nd.
Due Aug, 201
Sallings to New York, Boston, Other Atlantic Ports via Panama Canal
SPECIAL CARGO OIL TANKS
12. "LOOKOUT",
the
Britain will recolve 59,500 tons of wheat and 12,000 day morning for Miami, Florida, tons of flour from the United States in Septem, in a 40-foot fishing vessel, the ber according to allocations announced by the "Edith," hoping to make Department of Agriculture. An additional Jaunt in 33 days. 8,000 tons of flour was granted to Britain for GENEVA:-UNSCORE held her responsibilities in the Pacific.
itas first meeting since it arrived are here today and in a closed
ceived
The United States and Bri- If all these allocations tish Zones in Germany will re- fullled, Britain will have re-session agreed to postpone the ceive 255,000 tons of wheat and 56,000 tons of flour, while the French Zone in Germany was allocated 17,000 tons of wheat and 12.000 tons of flour.
The United States herself is to send to the occupation area. of Koren 34,800 tons of wheat, while 59,000 tons of wheut, 10,-
some, 482,000 tons decision on visiting DP camps against an overall July-Septem-in Germany and to take it up bor allocation of 600,000 tons next week. conditionally granted her by the European Coal Organisa- tion.-Reuter.
Switzerland in not a member of 000 tons of flour and 25,000 Australian
the International
Monetary tons of other grains will go to
Fund or World Bank and is re- Japan and the Ryukus Rou-Trade Balance
poried to be in the position to to export gold at above parity prices,
ael's,
ter.
Coal
*****
Britain is to receive abou!
Canberra, July 20, If Switzerland now
$96.000 tons of United Statened a record favourable balance Australian overseas trado) show. United States refiners may re- coal in August, a consider
spokesman for the year 1048-47 01 A£77,897,- their self-imposed for the American Coal Expori 000 compared with A.21,862,000 stoppage of sales.-Reuter. Commitice said today.
A BRITISH CROSS WORD PUZZLE
+ 15
ร
11
10
2221
12
13
34
FROM
DUE
Madras & Singapore
Early August
SHIP
"DAVIKEN"
Eastern & Australian S. S. Co., Ltd.
ARRIVALS
20
22.
26
SHIP
*EMPIRE ATHELSTAN"
FROM
.........Melbourne & Bydney.
DUE
27
Mid August
Pa
*NANKIN"
Sydney & Suva
End August
Early September.
31
"NELLORE"
„Australia &.
New Zealand
Melbourne,
For full particulars apply to
MACKINNON, MACKENZIE & CO.
Telephone Nos. 27721-4.
THE HO HONG STEAMSHIP CO. (1932) LTD.
.....
S.S. "HONG SIANG" Loading
3rd August,
Sailing
ینو
4th August
For SINGAPORE, PENANG & RANGOON
Subject to Alteration. Without Notter
For Passage and Freight Particulats Apply:
THE HO HONG CO. (CHINA) LTD.
48a. Donham Strand W. Laiks:26127) #25645,57
Clues Across
1. Devils
4. Progress.
8. Cipher.
22. Mixed...
26. Confederate, 27. Lament,
9. Unfaaten,... 29. Retired
10. Tried.
11 Mature
12. Solitary.. 14. Quiver. 17, Unrefined. 10. Supreme
happiness!
20. Ship'
company. 30. Volume. 81. Tuke Strycoveryte
82. Muscle,
Yesterday's Crossword
Across
Clues Down
18. Far off." 8. Scratched. 20. Burgical,
2. Counsellor,
4: Skilful.
5. Abandon, 6. Bengal 7. Angler's Thankot. 13. Black- JOR
13. Entice.
16. Brethe,
10. Simple.
Instrument, 21: Part of a as cost. 23. Blood-
muckar... 24. Pertaining
at the nose.
25. Ong who
makes a gift.
· Ryyago: 27 Dofer: 28 Piled: 20-
hoen
Remisky 5 Osaka; 8: Lime: 8. Bard Sloping: 5 Oute
Aloud Virago;; 10 Tanów: 114 comspy 9. Adhere; FV Treat; Space: 12 Notes 18. Urate: 18 Allocate: 15. Felatanti 16 Enta
in the previous year, according to figures issued by the Common. wealth statistician, Dr. Roland WILKON.
. BUDAPEST:- The Police announced today, the arrest of Paul Petry-Gallo, chief clerk of the Foreign Ministry's Passport Section, on charges of selling passports and helping Hun. garlana to transfer capital outi of the country--United Proza.
י -
HOW DEMOCRACY WORKS IN BRITISH ISLES
(Continued from Page 6) None of those appointments, of course, are made primarily House, but none the less they to put the holders' into. aro an exception to the heredi. tary principle, as a
Aho
Lord
Total exports was A£308,017, 009 of which A 4168,707,000 was sent to British countries, £87,040 000 to the United Kingdom and Repeated proposals, the most A. $47,795,000 to the United Important by the late States...
Pod Roseberry have been made for Exports.to.the United States; la the reform of the 1938-39 totalled A.£10,502,000. And Lords but they have invariably House...of total exports for 1990.99
falled, chiefly because the Gov- felt that once the present system ernment of the day has alwaya is abandoned the possible debat- able alternatives are so numerous and controversial, ···
were
A. #140,496,000.
Total imports increased from A $102,156,000, in 1938-39 to A.. £184,088,000 in 1946-47.- Associated Press,
GOLD BULLION No Abuse
It is unfortunate that, one Washington, July 28 party has such a large majority The Department of Commerce the House of Lords though reports that exports of refined the fact that it la a Conservative gold bullon for the week ended majority is natural enough in July 2 were 20,016 troy ounces: Second Chamber, whose including: 0:180, to the Unitedunction is meant is be rather a Kingdom, 8,000 to the Philip conservative one. A BRO pines, and, 2,678 to France. This majority has normally Bliver exports were 868,027 been careful not to abuse its ounces, including 140,299 ounces Pollion in recent years and to Swedonia
sven if it does it cannot touch Imports of refined god but the Money Bill voling jaupplies Ilon were 8,790,542 ounces, into the government, and, as wo cluding: 1,405,187 from, Canada, have seen it can only delay 1,270,805 from Argenting and other legislation two years. 1,032,747 from South Africans the other side of the ac Imports of silver were 5£7,000 count it is probably, true to say. of which 371,8025 came from thatli hás a record for Canada and 256,218 from Sequence, experience and statex- Second Chamber in
Mexico.--Reuteringssetan 'manship for higher than that of
стройны
GOLD ERRATIC
any the
alid down to 3328
For Full Particulars. Call
Salls Aug. 11th.
UNITED STATES LINES CO.....
Général Agents
814, Queen's Building.
Tel. 31261 (8 lines)
The SWEDISH EAST ASIATIC Co., Ltd.
OUTWARDS TO SHANGHAI ·
M.V. "NAGARA" M.V. "FORMOSA" MV. "BENARES". M.V. "TONGHAI”:
.In Port..
#14
„Discharging H.K. 15th August,
th
middie Sept;:/ e middle Sept.
HOMEWARDS TO EUROPE
MY, "NAGARA” M.V. "FORMOSA"
.......loading H.K. 10th August
Chloading H.K. middle September, LOADING. FOR
PORT, SAID, GENOA, MARSEILLES, ANTWERP, ROTTERDAM.
COPENHAGEN, OSLO, GOTHENBURG &, GDYNIA
1:
Tanks available suitable for the carriage of oil in bulk
For further particulars apply to:---
GILMAN & CO., LTD.
Agents, Telephone 31140...
KLAVENESS LINE
SAILINGS
Direct to LOS ANGELES, SAN FRANCISCO, PORTLAND, VANCOUVER & SEATTLE.
'm... "ROSEVILLE"·· m.s. "CASTLEVILLE"
SAILING 6th SEPT,
SAILING 7th OCT.
ABRIVALS FROM PACIFIC COAST
m.a. ROSEVILLE
m.8. "CASTLEVILLE"
A. DUE 1st AUGUST SAILING FOR SINGAPORE 2.27. 3rd AUGUST DUE 1st SEPT. BULK OIL TANKS.
Apply : A THE BANK LINE
PASSENGER ACCOMMODATION.
Chinese Freight Agents.
HOO FOOK PING THE BANK LINE (China) Lid
(CHINA) LTD. King's Building. Tol 27792
BEN LINE STEAMERS LTD.
SHIP
ARRIVALS
U.K.
(NES)
516., “DENNEVISTA BS, “BENYORLICH” ES. BEN 5.5. BENAR
SHIP
·8.8. "DENNİ 15.8) BENKINNEST.
SAILINGS
· LOADS FOR:
DUE
abt. 8th Aug). 8th Aug. 23rd Augs 1st Hair Bopko
TEADY
London Antwerp, abt. Bofferdam.
CO. (CHINA). LTD′′
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