1947-08-09 — Page 10

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THE CHINA MAIL, BATURDAY, AUGUST 9, 1947.

JAPAN TO EXPORT GOLD

JAVA CHINA JAPAN LIJN N.V. Means Of Stimulating Economy GOLD BAN

King's Bulldog, Connaught Road,

Tel: Shipping Dept. 28010. Passage Dept. 28017. Chinese Agents, Connaught Road, C. No. 82, Tel. 25133. Ahip m.x. "TJISADANE”

2. "THTJALENGKA"

B.S. "TJIBADAK"

Ship RUYS

due from. In port

Macassar

& Javaports

17th August

Japan, Shanghai

& Amoy,

Agents

21st August

Balling for

Singapore, Java ports & Macassar, 10th August

Amoy & Shangħal 19th August

K.P.M. LINE

Kingapore. Java ports & MacassaY, 24th August

(ORIENT JAVA AFRICA LINE).

due from

South America &

South Africa,

23rd August

Sailing for

Shanghai, 24th

August

Suitable cargo tanks for bulk oft

.

Loading for

Loading for

Manila, Singapore, Mauritius, Beira, Durban, East London, Port Elizabeth, Mosselbay, Capetown. Buenos Aires, Monte- video, Santos, Rio de Janeiro. 4th September

Transhipment cargo on through bill of lading accepted for Dar-Ex-Salaam, Mombasa & Zanzibar.

STRAAT MALAKKA" South America

& South Africa. 14th Sept.

Ship

South Africa & South America. 14th Sept.

(DELI-STRAITS-CHINA LINE)

due from

"VAN HEUTSZ” Belawan Dell, Penang

& Singapore, 23rd August

"BOISSKVAIN" In Talkan dock for

Ship

reconversion

Agents. SILVER

due from

m.. "SILVERSANDAL" Singapore,

14th August

sailing.for Singapore, Penang & Belawan Dell, 2nd September

Singapore,

middle of September,

LINE LTD.

Sailing for

US. Attantle porta

via Singapore, Penang-

and. Colombo. end of August.

ms. "HENDONIJALL' U.S. Atlantic ports U.S. Atlantic ports

via Manila &

Shanghal,

on or about 31st

August.

via Philippines, Straits and Colombo, carly September.

HOLLAND-EAST ASIA LINE

Agents

Ship

due from

1. "ERASMU8”

Europe

21st Aug.

1.9. “HUGO de VRIES'

Europe 21st August

Suitable cargo tanks for bulk oll

*.8. "BRKOKRO"

Europe

Loading for!

Manlia/Singapore /

Colombo/Sues/Port Sald/ Genon/Marseilles,

Antwerp/Rotterdam/

Amsterdam /lamburg/ Copenhagen/Gothen- burg/Oslo, 27th August,

Manila/Singapore/

Colombo Sues/Port Said/ Genoa/Marcilles/ Antwerp/Rotterdam/ Amsterdam/Hamburg/ Copenhagen/Gothen-

borg/Calo.

10th September.

Manila/Singapore

End September Colombo/Suez/Port Said/

Genoa /Marseilles/ Antwerp/Rotterdam/ Amsterdam/Hamburg / Copenhagen/Gotherburg/

Oslo.

iirst half October.

Peninsular & Oriental S.N. Co.

... SHIP

"TREWORLAS"

*SCYTHIA"

DAN-Y-DRYN"

'STRATHNAVER"

"TRESILLIAN"

**PUNDUA"

ARRIVALS

"EMPRESS OF SCOTLAND”

"TREWIDDEN"

FROM

.U.K. Genoa

DUE.

*

13 August

14th August 17th August

Bombay, Colombo

.U.K., Colombo &

Singapore

.Bombay

& Karachi

.U.K. & Straits

„U.K., Genoa,

Bombay, Colomba

& Straits.

Karachi

Bombay UK. &

Singapore

U.K., "Gence.

Bombay, Colombo

& Straits. SAILINGS

TO

„Straits, & U.K.

Singapore & UK.

SIP

"TREVAYLOR" *

"SCYTHIA"

(Passengers Only)

"EMPRESS OF SCOTLAND”

...Singapore

(Passengers only)

*TRESILLIAN"

BUIL Straits,

18th August 21st August

22nd August

3rd September

September

READY

10th August 20th August

5th September

Early September

Genos & U.K.

• Accepts cargo for London, Antwerp & Rotterdam. Also accepts cargo for Madras on through bijis of Inding.

British India S. N. Co., Ltd.

ARRIVALS

FROM

SHIP

"DAVIKEN"

Mladran is Singapore

DUE

Discharging

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

ARRIVALS

SHIP

FROM

"EMPIRE, ATHELSTAN”

"NANKIN".

"NELLORE”

Madina &

Bydney

¡Australia &

Now Zealand

Melbourne,

Hydney A BETA

For full particulare apply to

DUE

August

Rnd Aukrat

Beptember.

MACKINNON, MACKENZIE & CO. Telephone Nos. 27721-4

In Exchange For Currency

Washington, Aug. 7.

N.Y. Stock HITS: Market

Now York, Aug. 7.

LONDON

London, Aug. 7.

AMERICAN PRESIDENT LINES

REFRIGERATION-SPECIAL CARGO OIL TANKS--

CARGOQAIRE-SPÈCIE ·

SAILINGS

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

Authoritative circles said today that the Far East- ern Commission soon will announce its deck- sion to permit the export of Japanese gold as a means of stimulating that country's economy. The policy decision, which has been approved by the 11-nation Commission but not yet made public, provides that Japan's gold and silver stockpile estimated at approximately $200,- 000,000 shall be earmarked for reparations.

NEW YORK AND HAVANA VIA MANILA. Parts of it, however, may be, allowing 400 foreign business-pressed by the heavy new British seas,

SINGAPORE, COLOMBO, COCHIN, BOMBAY, shipped abroad and exchanged me to go to Japan and enta- tax.

They added that there is noth- contact with manufac- Transfors fatalied for "acceptable currency" which blish

SUEZ AND MEDITERRANEAN PORTS 600,000ing to prevent auch business wou'd be used to purchsso row turers and exportera there in shares.

being done by people in certain 88 "Marine FllerTM Chinorn

Included materials urgent

an effort to stimulate Japan wollon, Nickel Plate, Railroad,

American Continental and South Ameri needed by Japanese manufacturers,

can countries, ere trade."

Sunray Oil, Sinclair Oil.

Among laggards 20th, houses could not participate. Century Fox, Universal Pictures, love that the only effect of the Thus, they continued to be- l'aramount, Warner Brothers, Allied Chemical.

Bank of England's ban would Dow Jones Averages: Stocks be to doprive Britain of dollars 64.90; 20 Industrials 182.11; 15that she could otherwise have Ralls 49.13; 10 Utilities 58.70,

Closing quotations:

Assorted vlls, rafle, and indus- trinis moved upward in. the stock

Aug. market but dealings again word Leading London bul-08 "General Gordon"

98 "President Taft" (via Yokohama) ...mson Aug. among the slowest in months. lion brokers stated today as "Marine Adder" (via Manila)................ Aug. Gains of fractions to

point d

Sept. glosh, that, since the Bank of. 9.8. "Marine Swallow" more were plentiful at but losers were also numerous England's), recent ban, •NOTE: Third, Clays Paysage Fare from Hongkong to Faciflo Tho earnings outlook for favour- ites and belief that the sharks they have been doing no Coast is U85175.00 Plus U8$8.00 for persons who are not U.8. was in technical shape for further business in "free gold," itens. advance bolstered buying, Mollon Feither in London or over- picture stocks, however, were de

The squrees sold the accept- able currenty would include do'- fars and sterling. The do'lars and sterling received' for Ja- panese gold in this manner could be credited to the stock pile fund and thus keep the ac iun cash value of the amount available for reparations at the unme' figure as before.

The polley was described by Authoritative sources as being designed to Aupplement the United States present action in

H.K. Stock Exchange

"The short week's turnover has been lightly under serrage in volume. For

the time belog buyers have become nec unly selective, hut also disinclined t encourage. The proßt-takers. This cut. bitation n arrested the upward mine and think down in prices, particu- Jarly amongst the farmiteiten, was notices nk at the clone.

H.K. Gert. Loans, 3645 101 102.

41, 200h 101mm,

Banke. H.K. & B. Dank X D 20004 10, den, Rega X 11 £112.; Charter- el Druk £118%h; Mercantile 1. A. A 1 C22NH Thank of Pot Asia 19h.

Insurances. Calton Jas. Job AC:

Chine Valon Ins. H 775:

Under writer 6/6; H.K. Fire Ins. 2A 10:00

Shipping, Bouplanes 2866; HK. M. Stamembuata 106; fado Chlona (Pref) akin, (e) 9790: Shells teaver), 06/1014 ma U. Waterbuat (OW) 4:14. (Nise)

Docks, Wharves, Godowns, Etc. 1.K.

& K. Wharren G. Ria, 235n: ILX. Derks

416 41ka: Chla Provlient 25%b 2ba:

S'hal Duckyandı 16tęp.

|

A Reversal

The Commisalon's decision coincides with the United Stview desire to use Japanese gold to silmu'ate trade and hasten the day when the Japanese can re- pay the United States for food relief and other conta

i

works 10

were

Anaconda Copper

Aircraft 16%, Borden Co, 18%, Canadian

but

London 88 "Mount Mansfield"

88 "President Monroe"

carned an commission on this business. It was pointed out that transactions in free gold have always been in dollars

London throughout.

Крився were never allowed to do such business in sterling,

Adams Expremi 1614, Alauks Jurenti 4%. American Can 90% American Bmeitir American Telephone 185, However, the netion of the American Tobacca 15. American Water Commission in earmarking all Aviation Corporation $, Baldwin Loc

16% old for reparations runs coun- motive 17, Barnadail 28, Bendin Avik lep to the United States' earlier un 20%. Bethlehem Bleed 88%. Boules This followed allegations in hopes that this would be car-

New York yesterday that n marited for American occup, Calente 4. Commercial Solvent 24 house in Carneas, Venezue'n, Pacife 12%. .3. 1. Case 87%. Chrysler long established lovestment tion and relief costs instead of Corn Products 87. Dupont 1929. Faite general, reparations.

man Kodak 44. Elsetrie Light & Power whose shareholders include à Genreal Electrio. 31. General Motors leading New York bullion house 60, Gnidrich 87%. Goodyear 453⁄4, Greg- bound 9%.

and a leading London one, wan Humestake, Mining 444%. Interna inal Harvester 88%%, Interim.

etfil operating in gold and aper 4014, International Tél e' platinum; that 4,000 ounces of Peruvian gold was on Ita way Tel 11%. Johns Manville 41%. Kenneentt Corner 44%. Montgomery Wand $1, National Distiller 20%. National Leat

to London; and that a London house 121⁄4, New York Central 14%.

offering go'd at Mutors 6, Pan American Airwayi 16%, | $13.50 fo.b. London, as agains.... Pennsylvania RN 19%, Radio Corp, the official, price of $36-Reu- However, other Commission Republic Steel 20%. Reynolds Tobacen

ter. members argued that the go'd [$1%, Schenley 20%, Sears Roebuck 12%, 10%. would not provide real security Shell Oli 3, Borony Varpus

Bouthern Pacie 44. Standard Brand) | In that case because it would. andard Ut of "Calif. ROTS, Han remain in the control of the Allied Headquarters and could not be foreclosed in case of de fault on credit obligations.- United Press,

The United States had plan- ned to use the Japanese gold in a Homewhat different manner to stimulate trade. Some officials a were preparing a plan by which gold would remain in Japan but be næigned na accurity against raw materials from abroad.

|

Tackard

dard of of N. J. 70%, videbaker 20, Union Bex 13%, Unión Curblée 167, Un.

uber 40%. U.S. Steel 72%. U.& 1 SoN. Weelneboue 28%, Yagüimitsen Sheet & Tube da. Gin. Fub, Utlifties

146,-Annelated Press.

Credit Scheme To

Aid

Britain

Pretoria, Aug. 7.

Mining. Haub Mines to: HK. Mines South Africa's reaction to Mr. Attlee's plan

deten.

Lande, Hotels & Bldɛx. 11, & 8. Hutrie

X D 246 240 241 R.K. Landa (10) TOD 70%, IN) 76n; Whal Lands 20% h Humphreys Estates 991: HK., Nealtion, | 156 16×: Chinme Extal 1000.

Public Bullies. HLX. Tramowa 20100 201« 25 %/% 160mm: Peak Trama (Old Iin. (New) : ac Pertim 10km: Ystimati Vezzles Bu; C. Lights (0}{} 105 10% ■ 10% Zlism, (New) 14h 1485% $4.00: H.K. Eletrics 70% AU 70/80/705% #n: Macau Eloetries 23jab 280! Sandakan Lights 1ên: Telephones (Old) 4% 0%/%sa, (New) 84h 54/96«m.

for Britain's econo.nic recovery takes form of the suggestion that exports might continue from this country on a credit basis extending over a number of years. It seemed here that such a scheme would not contravene condi- tions of the American loan to Britain.

WAR

ALEXANDRIA BULLION

Alexandria, Aug. 7. Gold,

150' per "dirthem" plastres, Egyptian pound 100, Sovereign B11, Turkish Pound 950, Napolton 360, Dollar (piece de cino) 400, Silver (plastres) per Kilogram 840.-Reutor,

BOMBAY SILVER

& GOLD

Bombay, Aug. T

Silver, Ready, per 100 talas 170 Rupees, 00 Annas; New Settle. ment (Inefficial) 122, 00; For- Ward per 100 tolas 176, 00; Gold, delivered, per tolas 109, 04; For- ward" (June 20) 100, 00; Boy- ereign. Each unquoted-Reuter.

BUENOS AIRES EXCHANGES

Buenos Aires, Aug. 7. Buenos Aires On London buyers York France $30.00,

The argument runs thus South African Government to South Africa buys more from buy commodities-mostly food- Britain than from any other, stuffs and wines-direct from 1633, sellors 16.37: New country and because South the producers here, ship them 405.75, 400.00; Africa pays in gold which Bri- to Britain and reimburse itsof $41.00; Belgium 0.27, 0.30; Spain Industriale, Canton Tees 16n: Dementa tain can purchase dollars with, wi,a imports of British goods 28.02; Sweden 112.50; 115.25; (X. Rt.) 3242 324 3144/ Indirectly makes a considerable over a given period. As a be- Brazil 22.18; Switzerland 05.20- Rights 20 19/201⁄4: H.K. Rope contribution to Britain's dollar ginning South Africa is pre-

Heuter. resources. Consequently South pared to send Britain 36,000,000 Africa can beat ald Britain's re- cggs in the next 12 months.. covery by maintaining its im ports at the highest leve. But ment meanwhile has asked Lon-

The South African' Govern-} (H.K.) 160; Wm. Powell,, Ltd, Lid, n. to meet possible American ob- don how far the re-introduction

Sttacolineux. Ching Entertainment Jection under the loan agree $74b; I.K. Constructions (0) T, (Nment, a credit system is pro-

posed.

Stores &c.

Dairy Farms

ab 3

A/Blan: Watachs 664; Lane, Crawfords Göy: Binceres 111⁄4%a; Chien Emporium

Converted, 141⁄4n; Bon Co., “DIA, ENNI Trong Bang Hong 210: Wing 01

On Vibro Piting 834; Maraman Invest. ments 18/9n: Marsman. (BLK) 1/61.

Celtana Swos $b 10 10. The process would be for the

A BRITISH CROSS WORD PUZZLE

3

Clues Across

1 Ludicrous. 1. Water- diviner. 8. Pajo. 10. Manth, 12: Indian

Corri. 14. Scatters. 17. Bring on.

10. Water-girt

Brune

23

20. Credit. 22. Final word. 23. Came in. 27. Card gamu 29. Part of apur..

30. Lounge

untidily. 81. Strata 32. Moistens.

30

Clues Down

1. God of love,

2. Thawx, J. Oftenco -against Who law.

G.Brvelous

stone,

0. Conceal.

7. Governore.

· B. But free,

11. Juseboater.

Yesterday's Crossword 18. Agrdes.

16, Particular

· Acrypa :---8 ^Approach; 6 Peale 0 | mak

26

16. One of royal

birth.

18. Tuol.

20, Tub

21. Ground to be

made up. 24. Luke-

23. Dominion.' 20. Blogk. hands. 28. Having

-wrings.

Resolute; 11 Repalceda 18. Lisa Flor; 5, Rood; 6 Amuza;:7 Handkej

15 Proceded;14 Narrated;:10. D'Elpen; 10 Sewer: 13 Earth; 14 Show: 21 Berátalar. 85 Confused Scents 10. Daten: 17.Drond: 19

*

ZURICH FOREIGN EXCHANGE

Zurich, Aug. 7. Zurich On London 17.35, New 3.62, Brussels

Alres-104.00.

of partial direction of goods is York 4.30, Paris calculated to halt the flow of 987, Amsterdam 102,30, Lisbon

migrants to this country. For 1625, Buenca

Its own economic rehabilitation, Stockholm 119.02, Madrid 09.76.—

Reuter. South Africa had been count- ing on thousands of skilled workers from overseas, chiefly from Britain-Reuter,

London, Aug. 7. Industriale 143.0, Kaffir 95.4. Home Ralls 02.3, Commodity $82.7.-Reuter:

BEN LINE STEAMERS LTD.

SHIP

9.8. "BENRINNES”. 8.8. "BENARTY"

SHIP

8.8. “DENNEVISTM-

5.3. BENRINNES"

AKRIVALS

FROM

SAILINGS

LOADS FOR

London, Antwerp, Rotterdam.

For Further Particulars; Apply To-

DUE

23rd. Aug.

1st Half-Sept

58 "General Gordon" 88 "Marine Adder"

Aug.

16

Ang.

26

Sept.

17

MANILA

Aug.

Aug.

AMERICAN PRESIDENT LINES, LTD. St. George's Bldg.

Tel. Nos. 28172/28175

Pacific Far East Line, Jue

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

· Dua

S.S. "SURPRISE” 6.8. "CHINA

VICTORY" 3.9. "CHINA BEAR”

S.9. “GREAT REPUBLIC“

Aug. 11

16

23

Sall

.Aug. 12

16 23 *

Ya Okinawa

Via Yokohama ·· ́-

Via Shanghai

& Yokohama

24

Vin Okinawa

Mmericam Promeer Line

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

B.B. "STAGROUND". B. "GOLDEN WEST”

I

Due Aug. 25th.

Due Sept. 5th

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

SPECIAL CARGO OIL TANKS—

".. "LOOKOUT".

83. STAGIOUND. Balls Aur. 10th

For Full Particulars Call

UNITED STATES LINES -CO,

General Agents

814, Queen's Building.

1

Tel. 81251 (3 lines)

The SWEDISH EAST ASIATIC Co.,Ltd.

M.V.

NAGARA

17.

Loading Hong Kong on or about 12th August.

for

FORT SAID, GENOA; MARSEILLES, ANTWERP, ROTTERDAM; COPENHAGEN, OSLO, GOTHENBURG

AND GDYNIA.

Tanks avaliable suitable, for the carriage of oll in bulk.

For further particulars apply

GILMAN & CO., LTD. Agents, Telephone 31148.

KLAVENESS LINE

SAILINGS

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

ma. "ROSEVILLE"

ma. "CASTLEVILLE”.

thuuunk

·SAILING 6th SEPTE

SAILING 7th OCT.

ARRIVALS FROM PACIFIC COAST

READY

m.& "CASTLEVILLE”

9th Aus. End Aur.

W. R. LOXLEY & CO. (CHINA) LTD.

York Building.

Agents

Telephone: 34105,

BARBER WILHELMSEN LINE

M/V. “LIDVARD" LOADING 12th AUGUST, 1947 for

NEW YORK via PANAMA calling at

San Francisco, Los Angeles, Panama, Boston,

*** New York, Philadelphia & Baltimore

For freight and further portionigra apply to →→→

DODWELL CO., LTD., Agents

20 Clap, 27 Bulldonly, 1) Enska: 20 Owned; 31 Buro; *a Hongkong ♬ Bhanghai Bank Bida.

Dawn! Byor; 2 Prop), 4 Foot; B3 Able; R4, Mapyje

'SAILING FOR SINGAPORE PASSENGER ACCOMMODATION.

Chinens Freight Agenté.

HOD FOOK PING

"THE BANK LINE (China) Ltd.

DUE 1st SEPT."

.3rd SEPT.

BULK OIL TANKS

Apply:-

THE BANK LINE (CHINA) LTD. King's Buliding. Tel 27702,

HONGKONG-MACAO LINE

HONGKONG MACAO DEPARTURE DEPARTUBE

8.8. KWONG TUNG: „Odd Day 12 Noon *:

B.K. KWONG SAI: Evon Day 12. Noon

Sailings on "Saturdaya

Even Day 11: ..

Oda Day 11 am.

2.90 pan: "Instead of 32.00 'Noon.

For Passage and Freight Particulars

Picaso apply fot

MOW SANG SHIPPING CO.

4. Connaught, Road, West,