1948-05-07 — Page 10

THE CHINA MAIL, FRIDAY, MAY 7, 1943.

ROYAL INTEROCEAN LINES

Incorporated in the Netherlands at

KONINKLIJKE JAJA-CHINA-PARETVAART LIJNEN N.V. AMSTERDAM;

JAVA-CHINA-JAPAN SERVICE

"TJIBADAK"

Arrivals

ja port

***FIITJALENGKA" from Marnasar.

ETJISADANE”

nel Javapurts. 11 May

Tim Marbesar

** Javaport, 251 MONS

Salijngs

to Javaports A Messor, F2111 May.

to Manla

1th May,

to Javapurts

& Meussur,

2011 May.

to Javaporis

A Maraspur,

9th June,

ASIA-AFRICA-SOUTH AMERICA SERVICE

Arrivals.

"BOISSEVAIN” In Port

Sallings

to South Africa. Buth America,

via Manila & Straits

11th May

tre Shanghal

*STRAAT MALAKKA”

ገ

South America,

& Japar

Stuth Africa,

"TEGELBERG”

370 Moy

1:+31

South Allen Soal Amra

10th Stand

18th May

to South Africa.

South America,

4th June

to South Africa

South Amerka 29th June.

Transtilpment cargo on through Bs/L, to Dar-Ex-Salaam,

Mombasa, Zanzibar accepted in all sailings.

SUMÁTRA—MALAYA—CHINA SERVICE

"AAN REUPENZ"

"HEINRICH JESSEN"

Arrivals

To pak

from Teinwan

Den & Shimla La May

fecure Amoy

Swatow

Bath 350

Sailings

to Biralls &

Belawan Dell,

St Alay

to Swalow.

*. Ansoy

12th May

to Siraita

Belawan Del

1912 May

-Agents: HOLLAND-EAST ASIA LINE

"KIDDURAS ERK“

"MARIEKERK"

MOLENKERK”

Arrivals

From Europe

WIE "MA

from Europe 5th June

from Europis, early July

Sallings

to Shanghai

& Jupan

16th May

to Europe

Via Straits

29 May

to Europe

vla Straits

7th Judy

to Europe VIR Straits, Late July.

Transhipment cargo on through Bs/L, accepted to

**editerranean and Northern European poris.

“SILVERGAK"

Agents: SILVER LINE LTD.

Arrivals

from US. Atlantic Ports, $16 June

Office Address: King's Buliding.

Sallings

to U.S.

Atlantic Ports,

7th June.

Phones: 28016 & 28017

DE LA

LÖRDE

RAMA LINES

EXPRESS CARGO LINER SERVICES

-TO-AND PROM-PACIFIC-4-ATLANTIC-COASTS-

LOADING DATES IN U.S.A.

Dale

Atlantic Conxi

via

Mid. May Mic. Jan Late June

Los Angele

From

Atlantis Const

Los Angeles

'For

Atlantic Coast

via

Los Angelo San Francisco 1

& Los Angeles )

ARRIVALS

Date

22nd May

Eth June--- Mid, July

SAILINGS

Dato

17th June

Mid. Juno

Mid. July

Aud. June

Vcaset

BLV. "DONA NATI"

my. "DONA ANICETA"

m.v. "TONGBAI“

Vessel

m.v. "BALI"

18.8. “DONA AURORA”

BLV. "DONA NATI"

Veroni

8.8. "DONA AURORA' my. "BENGAL

my. "DONA NATI"

m.v. "HALLAND"

BOOKING AGENTS for P.A.L.

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

CHINESE SHIPPING OFFICE Tels. 23738 20168

MARINA HOUSE" Tela.. 23676-22675

MOW SANG SHIPPING.

COMPANY.

3. Connaught Road, W., Ist Floor, Tel. No. 31505 HONGKONG & MACAO LINE

S.S. “KWONG SAI"

HONG KONG DEFÀRTURE: MACAO DEPARTURE:

200 P.M. DAILY··

2.30 A.M. DAILY

SUBJECT. TO ALTERATION WITHOUT NOTICE. For Passage and Freight Particulars please apply to above,"

FINANCE AND

COMMERCE

FUTURE OF STERLING

Sir Stafford Scotches Devaluation Rumours

Hong Kong Stock Exchange

Au unsettled and wobbly markel,

H.K. GOVT. LOANS:

A fun toob, 101 m.

Le 2016 ponyb Salary Loan albany But, b, Bilo, BANKS, 11.K

* Bank 2005, 295zth chan,

then, Heat 19 Chettet Hunk 212.5/do

A lak A&# AND Bank of Emal Anin 1426 INSURANCESI

L'illa n.

Pos. 165h. Tin

+ Underwriters (7łym,

K. Dr. Juan,

AMEEPINGA

Thondames 2106

#t AM Stambeni köp

Judd me (Pauly D.BR.

hell Bearin) 15.5

Waterlents 100

Marshall Plan Terms Announced

London, May 5.

PRESIDENT LINER

SAILINGS ·

Refrigeration-preial Cargo Oll, Tanks-Cargocaire-Specie

Express Passenger had Cargo Service

To San Francisco and Los Angeles

8.S. GENERAL MEIGS (via Manila &' Honolulu) 8.5. PRESIDENT McKINLEY (via Honolulu) 8.S. PRESIDENT WILSON 7vla Shanghai &

Yokoham

8.8. PRESIDENT JEFFERSON (via Købe) 5,5. PRESIDENT' MADISON, (Direct)

3.5. GENERAL GORDON (via. Shanghai & Honolulu) 9.8. PRESIDENT HARDING (Direct)

London Stock Exchange

London, May 5.

Conversion Loan, 275, 1001 104 Punding Loan, 4%. 1030/tu War Loun! 42, 1002

11%

17235

104

113

D=1516

S.S. MARINE SNAPPER

(calls Karachi) S.S. PRESIDENT PÖLK (calls Havana) S.S. MARINE FLIER

Sir Stafford Cripps at a press conference today

scotched all rumours of sterling devaluation. "All reports of impending sterling devaluation are completely false. There is no intention to de- value Sterling," Sir Stafford told the press con- British Code, 2156 fererice.

Sir Stafford said he wished to clear up "misunderstandings" of relations between Britain and the United States over the Euro- pean recovery programme, and said the letter of intent which is hwing signed by participants in The ERP contained no .more than four points:

"1. Tint we adhere to the pur- to and polley of the economic esperation ach

That we intend concluding bileral agreement with the

DICKS, WHARVES, GÓDOWNS, ETC.. | Unitest States in ùccordance with

JI, K & K. Wheneven 1992 30m-

IN, an

I G. Borks 346, 152

Chinn Providents 2458, 2015, 28 Bloc Dockyards 276 X B, Zion NB. MINING.

Haul Mlure (15 to 79,

1.K. Mises DIGA

LANIN, HOTELS 2 11368,

1. uleta 1*tum, Itaen.

- 24 - 26 -- $ 0 19 de ind — 16 15 -9

B'hal Tandle fely by 6,906,

Klumphreys, Fiat

1.K. fries D

Chinese Eximiam in.

PUBLIC UTILITIKS:

26.

K. Tramwaya 23°ch, 24, 24-

Peak Train (olda Z2,

(New) thu

Star Ferries 125h, 12

1. Lleɛhts (ildə 247ch, 25 No. 267820,5

**; (New; 1994, 207,

1.X. Electrira Guh, bas, bang "turn. Macau Electrics J. Theo. Sandakan Licht 126,

Tržeglernes 199914 ARAÇA) (New 44%

bhal Goa G

INDUSTRIALNI

Gah, buck. (Dr.) 22*50

Cautan Ecre 7.

Commenta $ 14, 1915am.

1.6. Bup 201

STORES

Dairy Farmsa j0jd) 556: (New) Bio. Wicksons (Old) DAN, KT», (New

Lape, Crawfunda Güb, hin,

Sincere Kumitan.

Pon Kenporlom 12.

Son Co, LUK SİK↑

Rwone Seng flung 2065, 2018,

Wing On HK, X.

95, 5.

Wa. Powell, Ltd. 125.

MISCELLANEOUST

#hiun Entertainmente 35140.

DOYLA

H.K. Construrduna (0) Boy (N) ân. Vilne Pilo

Maronen Investments 18" da Marion (1,6.) 10. LOTTUNK:

Eso 216, 12072456

Telestels, RYC., COMPĀNĪKSU

Aurbadan ilk

Consolidated Butler IH.

Kots Inheur Blan

Psimtit Bubbers 1.40%. Ruble Trusts 48. Namakwap Bubbers 11:1. Shanghal Pahang 254 Tanah Meraha 1.4ila. Telong Habbera „136, 18, Ziungbe Kulibera 76.

this net.

ra. That we will take neces- sary steps to make deposits of verding procceia commensurate with the dollar amount of assistance furnished.

We have to sign a conven- tion for economale cooperation wheel set up an viganization for European economic cooperation"

น

were

No Alterations

Не explained that there some minor.--points. dle. ussed in drafting the lefter of intent, but "is la quite wrong to imagine that there have been policy major discussions matters."

on

Sir Stafford added that he saw no reason for, any alterations in of the the sterling area because ERP.

Tariff Agreement

Washington, May 4, President. Truman iṣauad a proclamation today putting

into

effect, in rospect to Chine, the provisions of the Geneva International ‘agree- ment on tariffs and trade.

The President's action fol lowed China's signature of the application protocol. By the terms of, 1

of the

treaty. China has agreed to grant conces. sions on import duties valued at $52 million on goods interest to the United States American concassion ----China-amount fo-about-$62,-

300,000.-Reuter.

BRCURITIES

War Loan, 2%

Victary Borte, 171

MINKS

Crown Minex

Hand Mines

Kurier Miten

Bub-Nigel

Savoy Tin tu

مر وام

8.5, PRESIDENT CLEVELAND (via Shanghai &

Yekoltama

MAY 15. MAY 10

MAY 29 JUNE 1

JUNE 12 JUNE 12

JUNE

15

JUNE 19

To New York, Boston and Havana via Manila, Singapore, Colombo, Cochin, Bombay, Karachi,

Suez and Mediterraneon Ports.

MAY 11

MAY 17

MAY ZZ

JUNE 4

8.S. MOUNT MANSFIELD (cals Karachi)

AMERICAN PRESIDENT LINES, LTD.

St. Georga's Building

Tel. Nov. 28172-28175

HAILWAY RAREST

British Transport,

INDUSTRIALS,

British American Tobarra

3.1.1lmanda

Dunlop Rubber Co., oed.. Imperial Chemical Indust, and. imperial Tahneeo Co tof 43,11,

A Ireland)

# 13/415

*179

5-15/16

turma Cri

JA

Nandydro Miara

615

1/3

4-13/16

3/1045

Union Corporation, orð.

27.

OR, BHARES,

of

Itoyni Dutch Us

Shell Transport & Trang 3

ADIPPING:

P. 4 D. HN, Ca., and.

69/76

GILTEDCED› ̈

Funding Boaz, Ars

kon

National War Bande, 201

1840/701

1452/64

1950/AA

3001/03

3012 102-1/18 141-15/16 (01-15/16

Sailings to Manila

Savings Bunds, 3

1085/GA

103-13/16

"PIONEER COVE" "PIONEER SEA"

DAD,70

"PIONEER TIDE"

1006/70

09 100/20/2

954

"PIONEER BAY"

動

111 14

23

"PIONEER WAVE"

"PIONEER LAKE"

"PIONEER COVE" PIONEER SEA" "PIONEER TIDE"

N.Y. Stock Market

zlxty

New York. May 0. Pesimism over threatened strikes segi stucka lower. Balls dropped as inuch a* Krand two. Many pivotal -Industriale Jelsed, the slide. Pressure against continued despite White House optimism of averting"the"strike scheduled for next Tuesday. Another Bistressing devetan- about supplies of Questioned

ment was a report showing Örst quarter newsprint under the ERP, Sir.net income of cigan one raltronda WAJ Stafford said. "We do not propose 18122,000,000 fun than a year ago. 1 spend more dollars in the fu Que millon four hundred and tore than we have in the past ontherated scharen were traded, Finishing

point ur more lower were such winche an newsprint."

He said recent

Renta Fe at 104, Atlantic Chat Line purchases of

57. Routhern Hallway, 44%. Douglas American tobacco totalling £60,- 00,000 were made "in anticipa-Array, $. Dow Chemical, 40%. An tion of what we should have to inke under the ENP." He em- phasized the word "have" in his answer and did not imply that here is any compulsion, for Bri- tain to inke tobacco under the pton-United Press_

“RUBBER PRICES

New York, May 6. Rubber closed 15 to 20 higher with sales of 12 contracts

May 29,51 bid,

July 21,75,

September 21.25.

December 21,00.

vrican Woolen. $0.

Dow Jones, AveragMS Stacks 6.9 20 Industriala 780,94, 16 Rats 61,97, 10 Uulities $4.11.

Exchequer Bonde,`1541, FRAN.. Redemption Stock, 24, 1056/98 FOREIGN BONDS: German a zomen)" Japanese 3%, 1001/47 Japanese 647. 1921/35 "Jup. A. Manchurian Kly., 57, 1929

RANKSi

Chartered Bank of LA. 2 (1... 12-7/10 HK. & 8'bal Banking: Corp. (19 Mercantile Bank of India "A" 244 -Reuter,

Americum Promeer Linc

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

"PIONEER COVE" "PIONEER SEA" "PIONEER TIDE" ~"PIONEER”BAY"

May May 20 June

6

-Jung 22-

May 8

May 21 June

June 23

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

Panama Canal -Special Cargo Oil Tankca—

Bue May

B

Satin May

Duo May 16 „Dus May. 26 Duo June 6 Due June 24

For Full Particulars Call

Balls May 17 Halls May 2 Salla June 7 Salls June 25

Money Market UNITED STATES LINES

The bottom fell out of gold yes tercay as it fell 8% points to 8323.50 a tael, recovering by only a small fraction to $323.75 at the close.

Reasons given far the heavy

fr

Express drop were varied. Ono was that Closing

quotations:-Aduma

clamp 18. Alaska Juneau 1%, American Can Government would soon

8. American Smelting . American down un truding In futures Telephone 158. American Tubaceo G7, speculative trading, and another American Waterworks 7. Anaconds Was that Government might buy- Copper 30%, Avlsilon Corp. 636. Bild-up gold at the official price. with Bocamudiye 14%, Barnadall 40%. Yesterday's opening rate was Bendix Aviation 11%, Bethlehem - Bierl $332,00. By t time It was 3415 loving Alteraft 2814, Burden down to $327,75. The big drop #1 Canadian-Peele ~ 14; - Chrysler

came in the afternoons," "with" here| GR, Colgate 425. Commercial Bolventa

vous operators anxious to get rid 23. Con Prodels 00%. Dupont 1145,

tman Kodak 486, Electric Light of their holdings.

Power 10%, General Electric 34%.. Gen-

Plastres, opened ut $11.20 a 108.! eral Motors 50%. Goodrich 8%, Good-dropped in $11.05 and recovered rear 14, Homsestake Mining 28%, Inter. to $11.10 ni, the close, nation! Harvester 24. International Chinese National Currency slid Paper 57, International Tel Tel 1251.further down the scale to a new No. 1 ribbed smoked sheets 234 Johns Manville 386, Kaunecots Copper all-time low of 5.62 cents for #ominal-Associated Press.

BEN. Montgomery Ward 59, Distillers 19%. National New York Central 18%. Packard Motors

French Compromise On Conscription

Paris, May 5.

The French Cabinet today abandoned its offorts to extend the period of military conscription from 12 to 18 months.

ter

Load

National futures and 6.3

15% (for CN$10,000).

cents for spot

The opening cents and 6.35 4%. Pan American Airways 9%, Pes-Tates were 5.820

This latest. cents respectively.. nsylvania RR 10% Radio Corp. 10%

27% decline attracted little attention. Real Яil 19, Republic Steel Reynolds Tobacco 30%, Schenley

Ticals were firmer at $25.50 a Beurs Roeback 89, Shell OST

100; and NEI Guilders which Bocony-Vacuum-1914, Bouthern Peelle opened at $43.00, were quoted ai. 18. Btandard Branda 24. Standard $44.50 in the afternoon, on of Calif. 69. Standard Oil of N, J.

20%.

U.S. dollars

dropped rather

78, -Studebaker 19, Union Day 14%. heavily. Quoted in the morning

Valon Carbide 115. B Mubber" 1012,

US Steel 74%, U8 Lines 19, Weating at 5.54 the rate dropped to $5,80

一

house 18, Youngstown' Sheel Steel

%. dem, Pub sitt

lated Press.

In the afternoon.

Storling

was firmer at $13.75.

Australian pounds were unchang-

ed at $12.54.

General Agents

Queen's Building,

Tel. 31291 (3 lines),

KLAVENESS LINE

SAILINGS

Direct to LOS ANGELES, SAN FRANCISCO VANCOUVER, SEATTLE & PORTLAND m.s. "ROSEVILLE m.s, "CASTLEVILLE”..

SAILING 10th MAY

SAILING 8th JUNE

́ARRIVALS FROM PACIFIC COAST.

m.s. "FRANCISVILLE”

***** 24th MAY SAILING FOR SINGAPORE PORT SWETTENHAM,

PENANG & BATAVIA,

25th MAY

PASSENGER ACCOMMODATION. BULK OIL TANKS

Chinese Freight_Agenta.

HOO FOOK PING THE BANK LINE (China) Ltd.

HONG KONG

Applyi

THE BANK-LINE- (CHINA) LTD. King's Building. Tel. 27792

.......... MACAU

FASTEST, COMFORTABLE, SAFETY, SERVICE.

S. S. “CHEUNG HING"

Shanghai Police SILVER AND GOLD Leave From Hong Kong

Coups

It decided instead on a com- if Parliament adopts the bill, the promise still provisionally ex-Service chiefs feel fairly confident This will be submitted to Parliam obligations which France may tending the period to 13 months. of being able to carry out any incur as the result of the Western ment shortly.

Shanghai, May 6. European defence plan. The General Staf, supported

A Communist attempt to pirate by the Popular Repubiican Minis-cribed the new proposal as Chusan.

A War Office spokesman des-vessels plying the waters around of of

National

ialaals, south-east Defence, M, Pierre Teltgen

presenting "enormous progress." had demanded an

Shanghai, was frustrated by the ex-Reuter.

Shanghai Municipal Police, which, tension to 18 months,

at the same time, smashed a Com. was munist counterfeit rlog, it learned today. Glasgow, May 5......

Five

high-ranking Communist Jackie Paterson, British Ban officials were rounded up by the tamweight champion, paid £50 police authorities, who also seized fortell for being 15 ounces over-false Customs gold units valued weight when he weighed in at at CN$70 million. 120 pounds 15 ounces for his

The police are continuing the Öght maninsť" Italy's Ferdinand probe and expect to make further Rosa_tonight.—Associated Press. Farrests soon."Reuter,

The

compromise was renched

to placate the Socialisis, whose National Council_lust_week_re jeeted he proposal to extend compulsory service.

The new bill retains the 12- months period of service "in prin- clpic,"

With 15 months service assur- ed for the hext two or three years

LUCHENBACII"

Love Luc.

Pacific Far East Love,

- Fast-Regular" Trans Pacific. Service

OVERLAND

--NEW YORK.CHICAGO-DETROIT-TORONTO,

·MONTREAL AND ALL AMERICAN · I. CANADIAN CITIES:

· DIRECT SAN FRANCISco los angELES

VESSKL

Arrives

From

22. "JULIA

12. “GREAT REPUBLIC".

***, "PACIFIC BEAR”. as. "FLEETWOOD""

May 10 San Francisco Biny 12 San Francisco .Bisy 14 *San Francisco

May 22 Ban Francisco-

Tel. 24002

jalt.

HONG KONG. HAIPHONG

S.S. "SAN JERONIMO“

LOADING ABOUT 8th MAY, 1948, VSAILING ABOUT, Sth MAY, 1048.

77] « FOR FREIGHT & PASSAGE" APPLY TO:-

JOHN MANNERS & CO., LTD. Mercantile Bank Bldg., Top Floor,

'REFRIGERATION: ❤ DRY CARGO

Balls

For

May 11 San Francisco May 18 San Francisco May 15|| San Francisco

May-03 ||Bin Francisco.

CARGO "OIL TANKS

MARKETS

London:Silvet, Spot.dae. ounce 45d; Forward 45.

Bar, Gold, per fine ounce 172/3. New York: Sliver, Bar, (ask- ed prico) 74-% cts.

Bar, Gold, per fine ounce (of- ficial). $35,

Bombay: Silver, Ready, per 100 tolas 176 Rupees, 08 Annas; Forward 170, 08; Marwari (un- official) 177, 00; Gold, delivered, portala 117, 12; Forward (un- official) 117, 14; Sovereign 74, 12.

"One tola equals foth of an ounce.

Buenos Aires: --- Sovereign, 91.00 buyers, 04.00 sellers; U. S. Eagles, 155.00b, 100.008; Gold, Bar, Por Gramme 8.50b, 8,80%.

Bangkok: Gold, Bar, per balit weight of 15.244 Grammes 640 ticals.

Exeliange Rate (Selling):~ Bangkok op New York T. T. 21.351

London_80,50; Hongkong -3:78-***

10

Paris frea gold prices:-- Napoleon 4,025 frs; French .franc colns. 1,090; Swles tráne 3,950; Union_Latina 3,875; Sover- eign 6,275; Half Sovereigns 2,200; U. S. Dollar coin ($20.00) 20,000 US Dollar coln ($10.00) 9,850 Sovereigns (in free dollars

Por ounce) 871.9: Napoleons (in free dollars per ounce) $70,1; U. S Dollar notes (la black-market) 880

Paris free market - rates:- Ingots: Fine Gold Ingotsaj, with delivery of Counterpart per #grammo .334/244 #frg; Without Counterpart 688/565; Silver In- gots, per Kilo" 5,700h,' '0,600%; Platinum Ingols, per... Kilo 1.800,- 000b, 600,000,-Noüller,

Leave from Macau

5 p.m. dally from Tung On Wharf. 9.30 #...

*

+

-SUBJECT-TO-ALTERATION WITHOUT NOTICE. Particulars for Freight & Passage Please apply to 23921.

CHEONG HING HONG

Agents 51, Des Voeux Rd, W. 1st Fl.

Tel:23921.

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

M.V. "KOREA"

Loading about 25th May for 13

ADEN, PÓRT SAID, ANTWERP, ROTTERDAM, HAMBURG, OSLO," GOTHENBURG AND COPENHAGEN

Tanks available for the carriage of oil in bulk.

THE EAST ASIATIC CO, LTD.JAV Queen's Bldg., 2nd floor.