1948-06-05 — Page 12

1

•Page 12

ROYAL ́INTEROCEAN LINES.

Incorporated in the Netherlande as

KONINKLIJKE JAA-OBÍA-PAKETMART LIJNEN NY AMSTERDAMÉ

JAVA-CHINA-JAPAN SERVICE

"TJISADANE”

"TJIBADAK"

!

Arrivals from Amoy 7th June

from Macassar

& Javaports 8th June.

“TJITJALENGKA" from Macnesur

& Java Ports 22nd June

Sallings

lo Javaports & Macanar

Uth June.

to Javaports

& Macassar, 23rd June

to Java Ports

& Macassar

7th July

"ASIA—AFRICA-SOUTH AMERICA SERVICE

Arrivals

from Kobe

"STRAAT MALAKKA"

& Shanghal

"TEGELBERG”

"RUYS"

10th Junc.

from

South America,

South Africa,

19th June

from

South Africa

Sailings

to South Africa.

via Manila, Stralis

& Naturla

12th Juno

to Shanghai

& Japan

21st June

to South Africa,

South America,

Bin July..

to South Africa

South America

South America end July

Mid August

Transhipment cargo on through Ba/L tq Dar-Es-Salaam,

Mombasa, Zanzibar accepted on all sailings. ̈ ̈ SUMATRA-MALAYA-CHINA SERVICE

*VAN DEUTSZ”

from

Arrivals

Balloge

to Straits

Amoy & Swatow

& B. Deli

5th June

8th June

*HEINRICH JESSEN”

from B. Dell

to Straits

& Straits

& B. Dell

11th June

19th June

Agents: HOLLAND-EAST ASIA LINE”

"MARIEKERK"

Arrivals

Ballings

from Europa 9th June

to Shanghul

& Japan.

from Europe,

"MOLENKERK”

26th June

"MKERKERK“

End July

11th June

-to-Europe... vin Straits

1st July

to Europe

yia Straits,

28th July

End August

Transhipment cargo on through Bs/L accepted to

Mediterranean and Northern European porta.

Agents: SILVER LINE LTD.

Arrivals

from U.S.

Atlantic Ports, 8th June

"SILVEROAK"

Office. Address: King's Buliding,

Sailings

to U.S.

Atlantic Ports, 8th June

Phones: 28015 & 2301""

DE LA RAMA LINES

Loads

#XPRESS CARGO LINER SERVICES

TO AND FROM PACIFIC & ATLANTIO-GOASTS-

LOADING DATES IN U.S.A.

Bélantic Coard Y

Los Angeles

From

Atlantic Const

vin

Los Angeles

For

Alliantic Consi

via

Los Angeles

Atlantic Cossí via

San Francisco

& Los Angeles )

Date

Mid. June Karly July Late July

ARRIVALS

Date

17th June Mid, July

SAILINGS

Data

23rd June

Mid. July

26th June

Vossel

m.v. "DONA-ANICETA" m.v. "TONGĦAJ" m.v. "MINDORO"

Yessal

8.3. "DONA AURORA” m.y. "DONA NATI"

3.5. "DONA AURORA" D.V. "DONA NATT"

m.v. "HALLAND"

BOOKING AGENTS for P.A.L.

THE CHINA MAIL, SATURDAY, JUNE 5, 1948. "

FINANCE AND COMMERCE

FOREIGN EXCHANGE CRISIS American Obsession With Devaluation MANY COUNTRIES

Kong

Hong Stock Exchange

uf

Business during the part work has been nha broader base than its predreemur, and there has been mms confdeure un the park at buren. The volume

Яв incere. transactions sho registerr

of the cling talen shows Comparison there have been to recessions, and in quile number of instances elight seine are recorded.

#.K. GOVT. LOANS

4% Loan 201

**

Lean (1936) 101n. Its Loan (1948) 101 b.

BANKB

R.K. Bank 21686, 2146mm.

an. Reg. $24. Chartered Bank £12-9/18, Mercantile Bank A. & 13. £23. Bank of Beat Asla 142.

INSURANCES:

Canton Ins. 1908.

Union in. 186b, 7RA».

China Underwalters 7,185, 3.10/1.

J.K. Pire Io. 298.

-SHIPPING+

Douglas 257.

H.K. AM. Steamboats 16m. Indo Chines Pret. X.D. in.

(Def. X.D. 284.

Abelia Tirarer) 86/31.

U. Waterbomia 191.

DUCKS, WHARVES, GODOWNS, ETC..

„H.K....4_K__Whayvon 101,185)

**: (H) (2. P.) 100.

150, 168

15.K. Docks 131⁄2b. No, 235ima. China Providenta 24h, 200, 201, Bhanchal Dockyardı. 21%**, MINING:

Raub Mine 6,10%,

H.K. Kines .005.

·LANDS, HOTELS & RIDGA,

1.3. Howet. 18.40b. EBAL H.K. Landa 84b, 84%*N.

Shankhal Lansle 4b, 6924, 5,40/ San, Humphrers Extniem 225h, 23an.

H.K, Realtim, 11n.

Chinese Extutes 18. PUBLIC UTILITICA:

H.K. Tramwaye 2éb, 24łam, 203mm. Peak Trams (Old) 226; (Now) 14n; Star Ferries 1296.

C. Lighte (Old) 285, 25 14. Zinn.,

(New) 20h, 21,

H

1

H.. Electrics 60% 6, 50/50 % «m.

Macao Electrice 20. Bandakan Lights Talgb. Telephones üb, 46, 463⁄41⁄2== Shanghai Ga

INDUSTRIALS:

145.

Cal. Mur. (Ost.) zib.

Canton Teen 70.

Gemente 48b, 47%

H.K. Ropes 18% 6, 201

STORES &c.)

INVOLVED

London, June 3.

The monthly journal "The Banker” sayı today: Tho nood to devalue 'some if not all European cur- roncios scoms to be becoming an obsession in Washington which is impatient of the morass into which European trade and payments aro becoming boggod.

Despite the European Recovery Programme, the world's foreign exchange crisis is intensifying and involving more countries.

South Africa is running & been hus vast deficit, which veiled by capital influx, but which threatens a serious ex- ternal reserves crisis in the near future and South Africa to ask for partial repayment of the British gold loan or raise dollars from the IMF or World Bank.

may lead

London Stock Exchange

London, June 5,

Only ane section of the lock marketa today showed signs of live interest. This A Again concentrated on short- dated flocks of the altered market,

Large investment buying resulted in mil round rains of 8/10

Industrial shares were on the other elde of the balance sheet. A long list of

Mr. Snyder has emphasized small decline was recorded and nearly that there In "no Immediate all industrial groups were affected. The

that prospect"

the

United of these there was believed to be the result of an inclination to awlich States will require Marshall

from Industriale Inte olie,

rontlin countries to devalue, the pre-

The recent favourable

from Anglo-Iranian and Venesuelan Conceagian Increased the investment companies has

other

farger, Interesi in

The all market was quietly firm. RECURITIES :

valling view in the United

State Treasury favour a far more vigorous and fearless use of the devaluation weapon. The demand for sterling de-

British Console, 2545%

...... 761 Conversion Lown, 8, 1961. 1814 not merely unin- Funding Loan. 4. 1960/90 valuation is well as formed but mischievously irres-war Loan, 1, 1962

Most British exports War, Loan, 3%

Sweden is becoming desperate ly short of sterling as dollars, France is depleting her ponsible. sterling resources alarmingly, are not over-priced. Succumbing Victory Bonds, (%

clamour would British Transport, Canada still has a serious U.S. to Washington's dollar defcit.

therefore Invite still further de- MINE SHARES The world's dollar deficit terioration in the already dis- Crown Mines explaina

astrously adverse terms of trade. Washington's criminate plea for devaluations Reuter, In effect, the United States is asking the revaluation of the dollar against all other cur. rancica,

India

The prevailing artificiality-in- the exchange rutes is one of the reasons for tho present unbal-

Ance

of international accounts and Washington focusses on it.

The

Sham Stability

Notice To Consignees

CIE DES MESSAGERIES

MARITIMES

Consignees per company's

.. "ANDRE LEBON"

PRESIDENT LINER

SAILINGS

REFRIGERATION—SPECIAL CARGO OIL TANKS— ·

CARGOCAIRE-SPECIE

TO SHANGHAI

8.8. "General 'Gordon"

Juno

13

TO SAN FRANCISCO

·8.8. “General Gordon (via Shanghai) 8.8. "President Cleveland" (via Shanghai) 8.8. "General Melaw" (via Manila) the 8.8. "President Wilson" (via Shanghai)

Jano. 12 June 19

July

1

July 17

June 12

June 19

July

July

TO SAN FRANCISCO AND LOS ANGELES

8.S. "Preddent Madison"

8.8. "President Grant"

5.8. "President Tafi"

8.6. "President Pierco"

TO NEW YORK BOSTON AND HAVANA VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY,

SUEZ AND MEDITERRANEAN PORTS

8.5. "Moant Davis"

8.8 "Mount Rogers" (calls Karachi)

8.8. "President Fillmore"

8.8. "Marine Leopard"

June 19

July 2

July '10

July 16

AMERICAN PRESIDENT LINES, LTD.

St. George's Bldg.

Tel. Nos. 28172/28176

American Pioneer Line

Arrivals from New York, Boston,

113

10%

1444

314%

#5-11/19

4-3/32

Nundyiroog Mittes

14/

Other Atlantic Ports via Panama

tinhin Corporation

271/1

"PIONEER TIDE"

June G

01. BHARES:

"PIONEER BAY"

June 24

| Anglo-Iranian * Oil Co,

282/0

"STAGHOUND"

July 18

Burma Oll Ca, ord.

71/8

"COURSER"

July

Mexico Eagle Oll Co.

18/746

Royal Dutch Ca

185

Sailings to Manila

4-8/10

“VenrüürianTM QU”

119/434

"PIONEER-TIDE"

June

GILTEDGED:

"PIONEER BAY"

June

Finding Lown, 3 .......... 181%

"STAGHOUND"

July 19

National Was Done. 1

"COURSER"

July 31

1949/81

161

2012/6€

JOE

3014/20

102 1

1061/53

132-4/10

1818/03

1080/70

1968/78

101-11/10 101-1/15 100

Shell Transpart

Sallings to New York, Boston, Philadelphila Baltimore & Other Atlantic Ports vla

International Monetary are hereby notified that their Bavings onda, $51 Fund rightly accepted initial cargo is being discharged into Kowloon but in parities

retrospect, one the Hong Kong &

"PIONEER SEA" Exchequer Donde, 1%, 1930 100-31/32 may question whether too much Wharf & Godown Co.'s go-

"PIONEER TIDE" Redemption Block, 1%, 1988/#8 #9 has not been sacrificed to the ap down, where it will be at BANKS:

"PIONEER BAY" pearance of stability. Sham

Consignees' risk and subject chartered Bank of) I.A. & C. 12-9/10 stability can be extremely costly as Britain discovered up to 1931. to the Whorf's terms and con-.K. & 'hai Danking Corp. 111

Artificial exchange rates may ditions of storage, and where Mercantile Bank of India "A" have damaged trade more than delivery may be obtained as the IMF admits,

soon as the goods are landed.

The United Sites authorities, however, are much Tese ca tious than the EMF.

ex-

~~Reuter.

28

London, June 4. Damaged packages are to be Although left in the "Godowns for

Britain has received over 307,500 Lana amination by Consignees and of prein from Russia under the Angla

Russian agreement and is scheduled to the Company's surveyors, Messrs Goddard & Douglas all receive 137,000 more by June 38, while Britain wo1 Runia 12,000 tons of rubla. 10 a.m. on Wednesday, 9th Overnes Trade Secretary Arthur Bottom. June 1948.

ley today reported.--Associated Pres

Money Market Messrs

Dairy Farma (Old) 81% (New) 50a teel, and but for a small breuk Gold opened yesterday at $334,00

Walauba_10101 Bitch, 50% an

(New) 54, 54755am.

68h.

Lane, Crawford

Sincere 8.20.

China Emporium 1916ım Sun Co., Ltd. m.

Kwong Bang Home 1976. Wlog On 1.K.) 1306, Wm. Powell, Ltd. 12n. MISCELLANEOUF1

China Entertainments #2b. H.K. Constructions (0) án; (M) Go. Vibro Pine 8b X, Rts; Nights (n. Haraman Investments 13/in,

Maruman (H.K.) 1.406.

COTTONS:

Ewoe 222.

RUBBER, ETC., COMPANIE81

Anglo-Java (sin.

Consolidated Rubbers in. Kula. Babroo Ro

Padang Rubbers 1.400.

Rubber Trunta 01.

- Bameguga - Rubbers -11⁄4n. --

Shanghai Pahang In.

Tuinh Meraka 16. Tebong Rubhern .001. Zianabe Rubber*70.

SILVER AND

THE DE LA RAMA STEAMSHIP CO., INC. GOLD MARKETS

(Incorporated in the Philippines)

+

| MARINA HOUSE

Tela, 28676--22675

CHINESE SHIPPING OFFICE Tela, 28788--20158

ISBRANDTSEN

Isbrandtsen Company Inc.

26 Broadway,

New York

PAR KANY • #TRÄTTS • INDIA • PERBIAN QULP .•. MEDITERRANHAN

VIL ● CONTINENT » W. INDIES * 8. AMERICA

STEAMSHIP DIVISION

FROM

♣ Shanghai-

BAILA

8.8. "FLYING. Inchon, Yokohama New York via Manila,

ARROW!" due June 5.

6,5. “FLYING New York vis

Manila & Porta

'CLIPPER" Due June 11,

Kahslchang, Singapore, Colombo, Bombay, Adení, Djibouti, Port Baid, Alexandria, Genoa, June. 6,7

Shanghai, Takù Bar, Inchon & Yokohama

June 12, 2

A. P. PATTISON & CO.

HONGKONG

GENERAL AGENTS, CHINA, FORMOSA

·URANTERED BANK BUILDING, TEL: PELIS.

WASCHINESE · BHIPPING OFFICE:

19 Osinnaught Mokd, U. - Tel-21435.

To comply with the General when it went down to $332 50. Bonded Warehouse Regulations Re- It Consignees must have a the movement was upward.

cached its zenith at $338.25 in venue Officer in attendance the afternoon, but from that when damaged dutlable goods point it started to topple till at

the close it was down again to are examined. $333.50,

Deliveries totailed 8,810 toels,

of which 1,010 were official and

and after

“Notice To Consignees

S.S. "AZALEA CITY"

Having arrived, Hong Kong No claims will be admitted consignees of cargo are hereby after the goods have left the notified that all goods have

and steamer's godowns,

all been landed and placed at remaining undelivered their risk and expense into the goods

of the Hong Kong after the 10th. June 1948. will godowns

and Kowloon Wharf and Go- be subject to rent.

down Co., Ltd. where delivery may be obtained the goods are landed.

7,000 unofficial.

Piastres opened at $12.05 a 100, climbing to $12.29 it receded to $11.00. There were no transactions in the afternoon.

All claims against the Currency National Chinese futures opened at 4.62% cts and steamer must be presented to closed at 4.7 cts (for CN$10,000), the undersigned on or before Spot opened at .4.8 cls and re- the 25th. June 1948, or they mained

unchanged throughout will not be recognised. the day.

Ticals appreciated to $20.20 a 100, and NEI Guilders to $44.10

a 100.

ÚS. dollars spurted to 5.62% in the morning but fell back to $5.57% in the afternoon. TT was

No Fire Insurance will be effected.

Te

CIE LES MESSAGERIES

MARITIMES.

known to have been sold at 5.80. Hong Kong, 3rd. June 1948.

Sterling receded further to $13.30, while Australian pounds; were unchanged at $12.55.

New York, June 4. Rubber closed 15 to 25 lower with silen Bombay (filver: Ready, per 100 lolas of 58 contrucia. 197 Rupees, 13 Annar; Forward, per 100 July 21.18 September 11.70: December tolas.18, 11: Marwari (unoficiul) 167.21.83-65: No. 1 ribbed smoked sheets 22% 09. Golda Dalivered, per tola 114, 15:❘ nominal-Associated Prwa: Forward (Unofficial) 114, 08; Bovereign

Notice To Consignees

s.s. "MYRMIDON”

as soon as

No claims will be admitted after the goods have left the godowns.

'All broken, chafed and damaged goods are to be left in the godown where they will be examined in the presence of Messrs. Goddard, and Douglas on the 7-8-1948 at 10 a.m.

be

To comply with the General Bonded Warehouse Regulations, consignees must have a Ro venue Officer in attendance when examining damaged dutiable goods. All claims Damaged cargo ex the above against the vessel must vessel will be surveyed at presented to the Undersigned Holt's Wharf between the hours within-fourteen days of the 10 a.m. to 12 noon on 7th &ship's arrival, or they will not setlers 97,00; 0.8, Eagles 186.00b, 189.00: coming Annual General Meeting that 8th June, 1948, and consignees be recognised.

Tepresentatives are requested to be present during the survey.

BUTTERFIELD & SWIRE,

—Agents.

15,00% (Ons tote ir equal th of an Asting of the Director of the ounce.)

Shanghel Loan and Investment Co., Ltd. Deener Afrova-Sovereign, buyers 91.00. | 16 was decided to recommend to the forth

dividend of HKII per share be paid in

100: 1947.

Gold,. Bar, per gramme 8.60%,

Alexandria ---Gold, per "dirthem" respect of the two years ending-Dec-11.

151 plasties. Beyptian pound Boverelan 810;* Turkey pound 349; Napo lean 170: Dollars (place de eln) 8091 _„_Bliver_(planétes per Kilogram) $75, [One

(520) 10.300; "dirbam" "ovals (1/10th of an ounce)

9.8. Dollar "coln (110) Parts-Napoleon Wrs. 3,028: French 9,300; Boreraians (in free dollars pér 10 frman of 1,800; Swiss frana 5,800: vunce) $70.0: Napoleons (in from dollare Union Latina 9,725) Sovereign 8,050 per ounce) (11.0;, V.B. Dollar volen ( Halt Sovereigns 3,219) US Dollar coln | black-market) 141.—Bouter,

DIRECT

Hong Kong, 4th June, 1948.

Pacific Far East Live Juc.

Fait Regular Trans-Pacific Service

SAN FRANCISCO LOS ANGELES

OVERLAND

NEW YORK-CHICAGO-DETROIT-TORONTO, MONTREAL AND ALL, AMERICAN & CANADIAN CITIES.

m.3. *SKA, SERPENT"

6.2. "CONTEST"

2.5. “IRAN VICTOBE“

82. “SURFDIST“

Arrives

June' B San Francisco

June 12 San Francisco

San-Franciaco

·June (21

From

Juno 23

REFRIGERATION,

Balls

For

San Francisco

!June

via. Okinawa

·Jano · 12 · Ban Francisco

vik-Okinawa Juna: 22- Sad÷Francisco fit f

via Manila.

·Junë”, 24:1-Ban Francisco

Alkis Okinawa CABGO" "OIL TANKS LINES. 00., Queen's 2kig.. Tel. #1501

San Francisco,

DRY CARGO. ?

lars call, Cleneral Agents, UNFIRO-ST!

No fire insurance will be effected.

WALLEM & CO.,

Agente Telephone 34177-9.

NOTICE TO CONSIGNEES. HOLDING

P. 4-0. B. L. & E. & A. BILLS OF LADING

Mezaru. · Goddard & Douglas will attend at 10 am, on Mon- days and Thursdays within the free storage period to survey damaged cargo, and consignees are requested to have their | répresentatives prosent, Unless consigneas røpresentatives are present at the Burvey no 'claims can thereafter be admitted,

MACKINNON, MACKENZIE

Agenta:

"

P.&.0, 8. N. Co\. B. L.B. N. Co., Ltd. E. & A. 8.8. Cɔ, LM.

Panama Canal

Special Cargo Oil Tanks~~

Due June 14 Due June 28 Due July 14

For Full Particulars Call

Sails June 15 Sails July 1 Salls July 15

UNITED STATES LINES

General Agents

Queen's Building,

Tel: 21251 (3 lines)

CHINA MERCHANTS S.N. CO.

25 Connaught Road Went.

Telephone 11633,"

SAILINGS

Bangkok June 7

Shanghai June 8

Shanghai June-10

S.S. "HAI SIU" S.S. "LIN KOO S.S. "CHI KUNG"

Cargo for Tring-Tao, Hankow & Tientsin acceptable.

on through hills of lading.

FOR FULL PARTICULARS PLEASE APPLY TO THE ABOVE

KLAVENESS LINE

SAILINGS

Direct to LOS ANGELES, SAN FRANCISCO VANCOUVER, SEATTLE & PORTLAND m.s. "FRANCISVILLE m.s. "BOUGAINVILLE"

... 8th JULY

6th AUGUST

ARRIVALS FROM PACIFIC COAST m.s. "BOUGAINVILLE"

23rd JUNE -BAILING FOR SINGAPORE PORT SWETTENHAM,

24th JUNE PENANG & BATAVIA.

PASSENGER ACCOMMODATION. BULK OIL TANKS;

Chinese-Freight Agents,

HOO FOOK PING THE BANK LINE (China) Ltd.

Apply

THE BANK LINĖ (CHINA) LTD.

King's Building, Tel.: 27702

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

M.V. "KOREA"

Loading about 18th June FOR

ADEN, FORT SAID, GENOA, CASABLANCA, ROTTERDAM, HAMBURG, OSLO, ANTWERP, GOTHENBURG AND COPENHAGEN

Tanks available for the carriage of oil in bulk.

THE EAST ASIATIC CO., LTD.

TM. B4111 # 84118

Queen's Bldg, 2nd floor.