1948-04-09 — Page 10

'THE CHINA MAIL, FRIDAY, APRIL 9, 1048.

ROYAL INTEROCEAN LINES

incorporated in the Kätheriandis as

KONDKLEIKE JAWA-CHINA-PAKETMART LIPIEN SELV AMSTERDAM A

JAVA-CHINA-JAPAN SERVICE

Due from

**TJITJALENGKA" Manila and

Amoy 12th April.

10th April.

*TJISADANE” Macassar, Javsports,

Sailing for

Batavia, Semarang. Bourabaya, MacasSAÍ

14th Aprit.

Manila and Amoy 13th April.

Batavia-Semarang Bourabaya-Macassar 28th April

ASIA-AFRICA-SOUTH AMERICA SERVICE.

"BOISSEVAIN”

Due from

South America

South Africa

on or abent

17th April.

Sailing for Shanghai &

Japan 18th Apr.

"STRAAT MALAKKA" South America

South Africa

Mid May

Loading for

Manila, BingABORA, Batavia, Mauritius,

Lourenco

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

Mosselbay, Capetown, Buenos Aires, Monte-

video, Bantos, Rio

de Janeiro.

on or about

5th May.

South Africa.

South Amerion

early June,

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

SUMATRA-MALAYA-CHINA SERVICE

Due from

"HEINRICH JESSEN"

In port

7th April,

Balling for

VAN HEUTSZ"

Agents

"ALPHACCA"

Swałow & Amoy

Belawan Dell, Penang

and Singapore.

23rd April

Salling for

Swatow & Amoy

Salling for

Singapore, Penang Belawan Deli 18th April.

Singapore, Penang Relawan Delf 2nd May.

HOLLAND-EAST ASIA LINE

EUROPE SERVICK

Due from

In port Sailing for Shanghai

& Japan

9th April.

Tanks Available for Out in Bulk

*RIDDERKERK”

Europe,

on or abant 3rd May

"MARIEKERK"

Europe,

carly June

Loading for

Manila, Singapore, Suez, Port Bald. Alexandria Genoa, Marseilles, Antwerp, Rotterdam, Amsterdam, Hamburg, Copenhagen,

Gothenburg, Oslo on or about 28th April.

Manila/Singapore Colombo/Saex /

Port Bald/

Alexandria /

Genon/Marseilles/

Antwerp/Rotterdam/

Amsterdam/Hamburg/

Copenhagen/

Gothenburg/Oslo

on or about

2nd Junc

Mania, Singapore, Colombo, Suer,

Fort Bald. Alexandria, Genoa, Marseilles, Antwerp, Rotterdam, Amsterdam, Hamburg. Copenhagen, Gothenburg, Oslo early July.

Agents: SILVER LINE LTD.

*SILVEROAK"

ATLANTIC COAST SERVICE

U.S. Atlantic U.S. Atlantlo ports,

ports via Suez

carly May,

KING'S BUILDING, CONNAUGHT ROAD. TEL: SHIPPING DEPT. 28016

PASSAGE DEPT. 28017.

Chinese Agents, No. 82 Connaught Road, C. TEL. 25133.

DE LA RAMA LINES

Londa

EXPRESS CARGO LIner servICES

TO AND FROM PACIFIC ♣ ATLANTIC COASTS

LOADING DATES IN U.S.A.

Atlantic Coast

Los Angeles

From

Pacific Coast Atlantic Conus

Los Angeles

For

atlantic_Conss

Los Angeles

Date

Early April

May ARRIVALS

Date

12th April

12th April 20th May

SAILINGS

Date

15th April 23rd April

23rd May

Vessel

13. "DONA AURORA” m.v. "DONA -NATI“

Vessel

1.v. "ANDAMAN”

my, "MINDORO" m.7. "BALI“

m.v. "ANDAMAN” 13.7. "TAMARA” m.v. "BALI”

BOOKING AGENTS for P.A.L.

THE DE LA RAMA STEAMSHIP CO., INC.

MARINA HOUSE

(Incorporated in the Philippines)

CHINESE SHIPPING OFFICE

Tela. 28788-2016

Tela. 28076--22678

CHINA MERCHANTS S.N. CO:

15 Connaught Road West,

S.S. PEI PER

Telephone' SISTI.

FINANCE AND COMMERCE

ATTACK ON THE BUDGET Cripps' Special Levy Comes Under Fire "Bad Effect" On Savings

London

Stock Exchange

London, Apr. 1.

70-%

Conversion Lown, 14%, 1901 104

RECURITIES 1

British Cona, %%

Funding Loan, 4%, 1960/90.. 151-%

Wer Loan, 4%, 95%

108.14

War Loen, o

103 11-%

DE

Victory Bands, 47%

RAILWAY SHARES

Belilah Tresuport 17%

INDUSTRIALS:

British America ti

Tobacco (of

CB. Ireland) ... Dunlop Rubber Ca, ord

Imperial Chemical Indus. MINES,

Burma Corp

Crown Min

Nundrdroog Mines

Rand Minen

Mpring Mines

Sub-Nigels

London, Apr. 7.

Sir Stafford Cripps' imposition of a special lovy on income investments was the main target for criticism by the Opposition in the House of Commons today when the debate on the Budget was resumed.

The chief Opposition speaker today, Mr. Harry Crookshanks, a former Finnancial Secretary of the Treasury, said this "capital levy" would have a bad effect upon savings.

It would be advantageous to the "financial spiv" who had 6-27/11 kept his money liquid as against

genuine thrifty savers.

71/1 48/4%

1/2

如题

1/104

10/-

$1.

+

Taroy Tín Co

Union Corporation ord

270/

OIL BHARZE:

Itoyal Dutch Co

23-4

Shell Transport Trading Co

SHIPPING:

P. & V. AN. Co, ord ......

GILTEDGED 1-

Funding Loan. 1%

National War Bonds,

It was discriminatory and bad in an anti-inflationary bud get, because it could only be

cun

11/14 pald for by liquifying capital.

Dr. Hugh Dalton, Sir Stafford's predecessor as Chancellor, drew protests from the Opposition by alleging that there had been "a conspiracy in certain quarters" 1-31/52 10 frustrate

Government's cheap money polley and to try to! force down the gilt edged market about the time when the nation- Blised

transport and electricity Block was coming on to the mar- 101-11/37 kat.

100-

101-4

1949/01

· 1982/06

-1951/60

1951/61

101- 101-11/16 Havings Bonda, 3%, 1955/65 .. 101

70% Bavings Honds, %. 1980/70.. Savings Bonda, 3%, 1945/75 04-9/16 Exchequer Bonda, )%%%, 1000 100% Redemption Flinck, 25%, 1986/P6 96-%%

FOREIGN HONDA:

German Loen (Dawes) 7%..

-

Japanese B. 1907/47

#1-2

Japanese 6%, 1924/89

12

Jap. B. Manchurian Rly,

25

1925.

HANEB1

Chartered Ink of 1. A. & C. 12-1/16 B.K. Bal Banking Corp. 119% Mercantile Bank of India "A" 21 CHINESE XXTERNAL LOANB: Tientale-Pakow Railway, 5%. Lung-Twing-U-Hai Raliways, 6%

11

1018

12

Rears. Lomn, 5%. London lane,

1018

Cibo Lean, 0%, 1912

IB

Hukuary Hallways.

5% 1911

12

12

12

Honen Railway, 5, 1908.... Bhai Nanking Railways, 5%

Kowloon Canton Railways,

Sterling Bonds.

-Naater.

SILVER & GOLD MARKETS

finc

Ane

ounce

London-Sliver, Spot ounec ad; Forward 45.

Bar, Gold,

per 172/3.

New York: Silver, Bur (ask- ed price) 74-% cts.

the

M.Ps. Cooperated

When the Conservatives de-

manded ■ withdrawal of that assertion, Dr. Dalton declared: "If sking are tender, will say there were Members of Parila

with a ment who cooperated view to lowering the national Gredit and raising the rate of Interest which the Government would have to

pay for new

Ing with

dead the

weight burdan of A debt of this magnitude in a time of peace.". Sir Stafford, in reply to a ple who would pay the special question, said the number of peo- investment levy was 140,000.

The debate was adjourned un- til tomorrow,― Reuter.

N.Y. Stock

Markets

New York, Apr. 6. Ralfroad Blocks pushed up a new 1948 average high for the third straight day. Carrier strength balanced irregularly lower trends to other sections which dropped under lively profit taking, whle 1,169,000 shares were traded.

Approval of higher air mail rates for are major domestle line came after the market closed. Among the rulla, new high for the year or longer were touched by Nickel Plate common which closed at 56% Canadian Pacide 12%. Union Pacific 110, Edelt Union hit a new high before finishing at 14. – Dow Jones Averague: Stocka 45.21, 20 Industriala 178.33, 18 Rails 54.75, 10 Utilities 88.67.'

Express

ceing quotations Adamı Dr.

Da.ton suggested that 17%, Alaska Juneau 344, American Can where more than £1,000,000 of 11. American Smeltină” 88%, American investible funds was held outside Telephone 150%, Amerian Tobacco 19%, American Waterworks §. Anseonda Cope a particular business, it should be

per 23, Aviation Col. 8%, Baldwin required to invest a certain pro-

Locomotive 18%, Berusdall 89, Bendix portion in gilt-edged securities.

Aviation 33. Drtkleben

Blow! 24%. Dr. Dalton did not think oven

Bosing Aircraft 26%, Borden Co. 41, such a measure would be enough Canadian Pacto 12%. 3. 1. Case 40%. to reduce the "enormous burden" || Chrisler 60, Coleste 645, of the national debt interest | Solventa within a reasonable time.

Only Way

"There is only one straightfor- ward and satisfactory way of dealing with this matter and that is a cupital levy on a substantial scale.

"I have never been shaken in the view that this is the most just and effective way of doal-

Money Market

Was

Bar, Gold, per fine ounce (of- Gold opened yesterday mom- Acini) $35.

ing at $335.00 - a" toel, and after Bombay:-Silver, Ready, per dropping half a point moved up 100 tolas 172 Rupees, 00 Annas; to $342.50. It relapsed to $337.75 Forward 172, 04; Marwark (unol at the timin interval, after which it reopened at $330. It then fictal)

173, 00; Gold, delivered, per tola 114, 09: Forward (unof-again moved upwards to $338.75 when it reversed the trend; at ficial) 114, 08; Sovereign 72, 12. the close of the market it

One tola is equal to 4th of un back to the morning's opening ounce.

rate of $335.00. Buenos Aires: Sovereign, 73.- U.S. dollars remained more or 50 buyers, 75.00 sellers; U. S. less at the level of the previous Eagles, 132.00b, 134.00s; Gold, day. Notes were at $5.75, drafts Bar, Per Gramme, 7.10b, 7.40 [ at $5.84 and TT at $5.93.

Bangkok:-Gold, Bar, per bah- weight 15.244 Grammes 534 ticals. Exchange Rate (Selling),

Bangkok on New York T. T

Plastres opened at $11.00 a 100, moved up to $11.0712, then slipped down to $11.50, and clos- ed at $11.5211⁄2.

Commerelat

Johne

24. Coen Product 65% Dupont 176. astean 7 odak 44. Electric Light & Power 18%. General Electric 34, Goodrich 84, Goodyear · 11%. Homestake Mining 374. Internationa) Harvester 90%1⁄2, International Paper 11%. international Tel & Tel 12%. Male 18%, Kennett Copper 11%. Montgomery Ward 66%, National Die- +ters 20%. National Lead 25, - New York, Central 145. Packard Motors 4%. Pan American Airways 0. Pennylan RN 19, Hedlo Corp. 0%. Real Bük 11. Republie Steel 10%. Reynolds Tobacco 10. Behenler 29%, Beara Roebuck 3015, Stell Oil 30, Bocany Vacuum 17. Southern Pacille 41, Standard Dranda 25, Standard Oil....of.. Calif.......63%.............Standard of of N. J. 77. Bludebaker 1892, Union Bag 3%, Union Carbide 105, UB Rubber 42%, UB Bler! 7354. US Llum 19%. Westinghouse 28%. Yuunga- town Sheet Tube 144. Gen. Pub Utilitlen 1231⁄2---Aranciated Press.

Notice To Consignees.

4.5. CHOYSANG

From Siralls & CALCUTTA

Arrived 7th APRIL 1948

Damaged cargo ex this vessel will be surveyed in the pre- Kowloon Wharf & Godown Co. mises of the Hong Kong &

21.25; Landon 60.25; Hongkong tures opened at 10 cts, and closed Ltd. between the bours of 10

Chinese National Currency fu; 3.88.

Paris

at 10 cts. for CN$10,000. Spot free gold prices opened at 10.3 cts. and closed at 4,200 Fra; French 10 frane coins 10 cts. 1,075; Swiss franc 4,100; Union Ticals were unchanged Latine 3,950, Sovereign 5.523; $26.10 a 100. NEI Guilders moved Half Sovereigns 2,500; U.S. Dol- up to $38.30 a 100.

coin ($20.00) 21,000; U.S. Sterling was quoted at $13,07, Dollars coin ($10.00) 10,100; and Australian pounds at $12.52. Sovereigns (in free dollars per ounce) 78.0; Napoleons. (in free dollars per ounce) $ 19.3; V, S. Dollar nole (in black-market} 308-Reuter.

N. Y. RUBBER

New York, Apr. 8. Rubber closed five to 20 lower with sales of 41 contracts.

May

21.00 July September 20.50 hid No. 1 ribbed anoked sheets 22 7/8 nominal-Associated Pross

20.93

-DIRECT

"ARMED NEUTRALITY”

Hong Kong Stock Exchange

There are slight signs of a little revival of interest in the market.

ILL GOVT. LOANS 4% Loan 16th, 14% Loan (1984) 100546. #%%% Loss (1948) 1018,

BANKS

H.E, & R. Bank 16106.

(Lon. Reg.) ZUÐUR, Chartered Bank £12 1/160. Mercantile Bk. A. & D. 4220. Bank of East Asia. 19.

INBURANCES

Canton Ino. 4109, 400%s. Union Ins. 795a, -China Underwritern 74.

H.K. Fire Ins, 2005,

SHIPPING

▸

Douglases 160n.

▲ M. Steamboate lét. Indo China (Pref) 100s.

Indo Chinas (Def.) 100n.

Għala (Dexter) 10/4%n.

U, Waterbosta 452.

1721%20

DOCKS, WHARVES, GODOWNS, ETC.

K. Wharves

170b (014)

(Naw) (F. Pd) 160km. (New) (P. Pd) 198am. FL.K. Docks 125, 39%%%, 1134/123/3. China Providents 12%, 13, E'ha! Dockyards 24.

на

MINING

Rabb Mine %. H.K. Mines Dis.

LANDS. HOTELS & BLDCA. H., Hotele 154, 30%», 16.35m. ILE Lend X. D. Bu, Sion. Bhai Landa SUN

Humphrey Exiten 25, 14an. H. R. Renities 19. Chiners Estates X. D. 16. 190n.

PUBLIC UTILITIES H.I. Tramwaye 22b, Rós», #2%/#/2%

Peak Trums (Old) 13h. Peak Tram (New) 15. Star Ferries 182.

Yarmati Ferrion 48h.

C. Elehte (0147 245, 24%), 24.15/%s.

C. Lights (New) 10%, 10%am.

ILK. Electrics 49%), 50%50, 51/8740 Maso Electrics Ale.

Bandekan Lights 110.

Telephones (018 48%», (6ım. Telephones__(New) 451⁄2= Shanghai Qua đ1⁄4n.

INDUSTRIALA Cali. Macy, (ON). 21%). Canton Teen 70. Cements 491.

H.K. Ropes X, D. 214 23.90se.

STORES- &c.

Dairy Farme (Old) X.D.b, 50s, Belham.

(New) 821

Watsons (X. Nu) DONADG

Rights Zib.

· Inte; -- Crawforda - 67a. Binceres Ah, 8,00mm. Chlan Emporium 158. Bun Co., Ltd. ©1⁄4án,

Kwong Band Hone 2008, 205am. Wing On (2.K.) 142, Win. I'owell, Ltd. IIn.

MISCELLANEOUS

Chian Entertalsmenia 351⁄2n. H.K. Constructiona (014) 650. H.K. Constructions (New) Zb. Vibro Piling 185. Maraman Investments 15/ta. Maraman, (HK) 140,

COTTONE Ewos 17, 18%1⁄2/18an. Rubber Trusts 3.

+

Notice To Consignees, CONSIGNEES PER BARBER-

WILHELMSON LINE a.m. and 5 p.m. on Monday, 12th April, 1948. Consigncea

M/V “TATRA” at are advised to have their Re-

presentatives present during the are hereby notified that their Survey.

cargo is being discharged into Kowloon Consignees are warned that the Hongkong claims for damage or shortage Wharf & Godown Co.'s godown may not be accepted if the where it will be at Consignees' damage is not surveyed by risk and subject to the wharf's Messrs. Goddard & Douglas in terms and conditions of storage, and where delivery may be In the event of a third world the presence of Consignees'

obtained. war, Sweden would for the third Representatives at this appoint- time choose "armed neutrality" ed time. as her course, the Foreign Minis- ter, Oesten Unden, said tonight.

"The present division of the world into opposing bloca again brought the policy of non- Intervention into the foreground," Unden told a Social Democratic gathering la Stockholm-Assoc!- Pied Press

Stockholm, Apr. 8,

has

Damaged packages are to be left in the Godowns for ex- JARDINE, MATHESON &amination by Consignees and

CO., LTD.

General Managers, Indo China Steam Navigation

Co., Ltd.

Pacific Far East Lone Jne.

Fast Regular Trans-Pacific Servico

SAN FRANCISCO, LOS ANGELES

VESSEL

AM, WERFTAIN 'VICTORY"

M.V. YAN TAI

SAILINGS

Swatow Shangħal⋅ April 9 Tsainkong April 10

Carga für Tiling Tas, Hankar, & Tianisim nezapánblu.

FOR FULL PARTICULARS' FERASE AFELT TO THE ABOVE

KILS: "SKA BERFENT” {2.*""CONTES***

KERATION

OVERLAND

NEW YORK CHICANG-DETROIT-TORONTO,- MONTREAL AND ALL, AMERICAN. ♣ CANADIAN CITIES.

Balls

Arrivos

From

Apr. 11 San Franckco

For

Apr. 12 San Fran

Apr.

tho Company's Surveyors, Messrs. Goddard & Douglas at| 10 am on 14th April.

To comply with the General Bonded Warehouse Regulations consignees must have a Re- venue

Officer in attendance! when damaged dutiable goods ore examined.

No' claim will be admitted after the goods have left thei steamer's godowns, and all goods remaining undelivered after the 15th April' will be subject to rent.

All .claims against the steamer must be presented to the undersigned on or before the 28th April, 1948, or they will not be recognised.

No Fire Insurance will ba affected.

DODWELL & CO., LTD:||

PRESIDENT LINER

·SAILINGS

REFRIGERATION-SPECIAL CARGO OIL TANKS— CARGOCAIRE SPECIE

TO SAN FRANCISCO

8.8. "General Gordon" (via Shanghal)

8.5. "President Clevoland" (via Shanghai) 8.8. "General Molga" (via Manila & Honolulu) 8.6. "President Wilson" (ria Shanghai)

April 24

May some May

Гале

TO SAN FRANCISCO AND LOS ANGELES (VIA KOBE & YOKOHAMA)

8.8. "Prident Grant (vla Shanghai) ..... 8.8. "President Taft" (ria Shanghai)

April 21

May 1

8.8. "Preekdent Pierce" (direct) ..................................................... 8.8. "Præsident McKinley".

May 4

May 18

TO NEW YORK BOSTON AND HAVANA VIA

MANILA, SINGAPORE, COLOMBO,

COCHIN, BOMBAY, SUEZ AND MEDITERRANEAN PORTS

8.8. "President Monroe"

8.8. "Scott E. Land”

8.8. "Marino Snapper"

8.8. "President Polk".....

Apr.

Mar May

Ho. May

AMERICAN PRESIDENT LINES, LTD.

St. George's DIAK.

Tel. Nos. 28173/28175

merteam Pioneer Line

Arrivals from New York, Boston,

Other Atlantic Ports via Panama

SA "PIONEER WAVE"

6.6. "PIONEER LAKE”

Due Apr. 11

Duc Apr. 24

B.S. "DURANGO VICTORY" omits Hongkong, inward cargo from Atlantic Coast arriving, by the "PIONEER WAVE".

Sailings to Manila

6.8. "PIONEER WAVE"

B.

"PIONEER LAKE"

Salle Apr. 12

Sails Apr. 25

Sailings to New York, Boston, Philadelphia Baltimore & Other Atlantic Ports via

Panama Canal -Special Cargo Oil Tanks-

8.8. “DURANGO VICTORY" 6.5. "PIONEER WAVE"

:

Due Apr. 26 Saila Apr. 27 Due Apr. 29 Sails Apr. 30

For Full Particulars Call

UNITED STATES LINES

General Agents

J

Queen's Building,"

HỒNG KONG.

· Tel: 81251 · (3 lines)

MACAU

FASTEST, COMFORTABLE, SAFETY, SERVICE,

S. S. "CHEUNG HING"

- Leave - From - Hong Kong 5-p,m, dally from Tung On Wharf: ~~*~*~*

Leave from Macau

6.30 a.m.

H

SUBJECT TO ALTERATION WITHOUT NOTICE. Particulars for Freight & Passage

Please apply to 23921.

CHEONG HING HONG

Agenta

51, Des Voeux Rd. W. 1st Fl. Tel:23921.

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

.*

M.V. "KAMBODIA

Loading 20th APRIL

for

"

ADEN, PORT SAID, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG AND COPENHAGEN

THE EAST ASIATIC CO., LTD, ≈

Queen's Bldg., 2nd floor.

TAY

Tel. 54111 d. 24112.

KEE & CO.

STEVEDORES, TRANSFORTRES,

GENERAL CONTRACTORS.

Buppliers of Juni

Des