1948-07-26 — Page 10

THE CHINA MAIL, MONDAY, JULY 26, 1948.

ROYAL INTEROCEAN LINES

Incorporated in the Nethertands as

KCHIRURE JAA-GINA-PAKETVAART LIJNEN NLM, AMSTERDAMĶ

JAVA-CHINA-JAPAN SERVICE

“TJIBADAK"

“TJTJALENGKA”

"TJISADANE"

Arrivals

from Amoy

2nd Aug

from Munksar

& Javuporta

Bret Augus1.

Iron Macassar

A Javats 17th Augurt.

Salflugs

to Javaporta and Magussar

4th August.

to Javapori

& Macassar

15th August.

Javaporis

& Macassar

14 September.

ASIA-AFRICA-SOUTH AMERICA SERVICE

"RUYS"

from

Arrivals

South Afrien

South America

2nd August

"STRAAT MALAKKA" from

BOISSEVAIN"

South Aldea 14th August

fiom

South America.

A South Altea 21st September

Railings

to Shurghat

& Japan

4th August,

to South Africa

South America Van Muralla

Straits & Batavia Abed August

to South Africa & South America vla Manila Straits &

Batavia 30th Sept. the South Africa

Y Surth Amirties.

via Mendia, Stealls A Hativi

10th November,

Transhipment cargo on through Bs/1 to Dar-Es-Salaam,

Mombasa, Zanzibar accepted on all sailings,

SUMATRA—MALAYA—CHINA SERVICE

"VAN HEUTSZ"

Arrivals

"HEINRICH JESSEN"

„A Straits

Sailings

Trom B. Dell

to Swaluw

Amoy

Ped Augu

10

Auget.

from B. Det

& Strait,

10th August

to Swatow

& Amey,

11th AuguSE

To Shalt & B. Dell Fun August.

Agents: HOLLAND-EAST ASIA LINE

* "MOLENKERK"

Tanks Avaliable

for all in bulk

"MEERKERK”

"ANNENKERK"

Arrivals

from Japan

K Shumpbadi.

#7 July

from European

7th Augurt

from N 2nd Aurist

Sailings

So Euroga

vi blanda & Straits

4 July

Via Strada

BC September

to Europe

MM September

via Straits

Transhipment cargo on through Is/1, accepted to

Mediterranean and Northern European ports,

Agents: SILVER LINE LTD.

"SILVERWALNUT"

Arrivals

from US.

Paritle eras{ Early Sept,

Office Address: King's Building, Chinese Agents: 82. Connaught Rd.,

DE LA

Sallings

to Atlantie Ports FORD ALS.

ht. Sept.

Phones: 28016 & 28017

Tel. 31196 & 21533

RAMA LINES

#XPRESS CARGO LINER SERVICES

TO AND FROM PACIFIC & ATLANTIC COASTS

LOADING DATES IN U.S.A.

Loads

Date

Atlantic Coast *

Early Aug.

Los Angeles

From

atlantic Coas

Los Angeles

Atlantic Coast

Los Angelos

Vessel.

m.r. “MINDORO”

Early Sept. 1.

ARRIVALS

Bate

27th July 19th August 3rd Sept.

SAILINGS

Date

30th July

"HALLAND"

Vessel

m.v. "DONA NATI"

ILY. "DONA ANICEŢA” m.y. "TONGHAI"

Tessol

m.v. "DONA ·NATI"

24th August in.v. "DONA ANICETA"

8th Sept.

my. "TONGHAI"

BOOKING AGENTS for P.A.L

THE DE LA RAMA STEAMSHIP CO., INC.

Incorporated in the Philippines)

MARINA HOUSÉ Tels. 23676---22875

CHINESE SHIPPING OFFICE Tels. 23708-20158

ISBRANDTSEN

Isbrandtsen Company Inc.

28 Broadway.

New York

FAR „KAST ? STRAITS * INDIA • 'PERSIAN GULP • MEDITERÉNNETERM

UX. a CONTINENT, * W INDIES • S. AMERICA

STEAMSHIP DIVISION

FINANCE AND COMMERCE

JAPAN'S FIVE-YEAR PLAN

Must Set Economic House In Order OPPOSITION FROM THE ZAIBATSU

Wall St Makes Slow Recovery

Jothis

New York, July 24.

in four months.

London, July-24.

"No progress 'is possible in the Japanese five year plan until Japan sets her economic house in order," The Times declared today. "Improvements aimed at in the standard of living

depend upon a liberal supply of foreign capi- tal and the economic recovery of those Asiatic countries which furnish a natural market for Japanese exports."

an

The stock market this week re- covered almost all of the losses scored in Monday's' drastle break. It was a slow, almost painful, process; trading activity steadily contracted until Friday's business

The paper remarks that the mits itself to destroying the amounted on one of the smallest difficulties ahead seem to have capacity of Japan to wage

Demand dampened the enthusfarm of aggressive war. If any lasting at times dwindled to the vanish the Japanese public, who are change is to her effected in the ing point. The net result, never-Inclined to regard the plan asutlook theless, was a rally of sizable pro- gesture Intended by

their Stal to be recovered government portions.

to impresa tho was the ground lost in the severe occupation authorities. declines of the previous week's { But, continued "The Timer," Thursday and Friday ressions. this was too gloony a view, add

The Berlin situation dominated ing that the plan had the prequires, leadership of the right trading psychology, but extreme proval of Washington and the nervousness gradually was re-boeking of MacArthur. placed optinishin ልዩ It appeared the ways realised that the occupa-i crists in Germany 'might' stili beton will fall f its object if it' settled pearofully.

Ta

with

little

"General MacArthur has more

ΟΙ

LONDON MONEY MARKET

al-

of the Japanese, they must be encounted to raise their political institutions until they become a prosperous, democratic poople, too coulented either ic harbour Communism or meraco their neighbours. This process

type," stated The Times.

Big Business

The editorial referred to the

jack of capable and honest stateamon in Japan, partly due to the war and added that the real opposition came from Zaibatsu.

Their

association

with big business in the United States to

Japanese Trade With Singapore

Tokyo, July 24. trade. between Japan and The opening of foreign.

Singapore was predicted to- day by Sardul Singh Narulla, merchant of Singapore, who said that Singapore would in- troduce a new Import quota system on. Oct. 1,

Previously, he said, I had im- been, impossible to obtain port cences for Japanese goods In Singapore,

gulations would be permitted to Licences under the new IC- import goods up to the amount of their quota from any hard currency aren, including“ Japan, Mr. Narulla sakl

Like other traders from inga- pore, he had placed orders with Japanese textile manufacturers

anticipation of the new part licences.-Reuter,

im.

AMERICAN PRESIDENT LINES, LTD..

Passengers and Freight

REFRIGERATION—SPECIAL CARGO OIL TAÑEE-

CARGOGAIRE-SPECIE

"President Fillmore" "President Cleveland"

TO MANILA

TO SAN FRANCISCO

August August

"General Gordon" (vla Shangliaf) "President Cleveland" (via Manila) **... "Cieneral Melgs" (via Manila &Guam)

4. August 1

ค

August 21

July 20 August

7 August }}]

+

TO SAN FRANCISCO AND LOS ANGELES "President McKinley" (via Kobe and Honolulu) "President Jefferson" tyln Kobe!

"President Madison" (via Kobe & Yokohama)

To NEW YORK, BALTIMORE and BOSTON via PANAMA

"Furman Victory" (via San Francisco) "Preslilent Tyler" (via San Francisco)

ROUND-THE-WORLD

August 12 Sept. 14

VIA MANILA, Singapore, COLOMBO, BOMBAY, KARACHI.

6UEZ, ALEXANDRIA, NAPLES, GENOA, MARSEILLES, NEW YORK AND BOSTON. "President - Fillmore (calls Karach!)................................... "President Monroe" (calls Havana)

"Louis Mell, Howe" (calls Kara cli)

General Agents: Northwest Airlines

August 3 August 17 August 20

Lykes Bros. Steamship Co., Inc.

St. George Bldg.

Tel. Nos. 28172/28175

SILVER AND Americam Piomeer Lafe

assert their claim to direct, for GOLD MARKETS

mutunl advantage, the economie

side of American policy in Ja-

The Berlin blockade, as well an the approaching specint session of the U.S. Congress, continues to keep many traders out of the market, but at least those in- fluences did not cause any large offerings of stock after Monday.

the last few minutes trading on Monday, selling sporms

London, July 24. pan," the paper believed, was be- There coemed to have prozed.

Bombay: Silver, Ready, per were buyer for key stocks at

Dealers' experienced no dif-hint their efforts to frustrate the 100 tolas 177 Rupees, 08 Annas; rolus pries. In a matter of ficulty in balancing their books | Economie. Decentralisation Bill Forward 174, 04; Marwari (un- seconds the market turned on during the past week. Money But

thels

eltoris would be oficial) 173, 04; Gold, delivered, heels and started to rise with the was in abundant supply.

thwarted

by entrusting projects per tola 112, 09; Forward Kun- sune gusto shown on the way

Milk Marketing. Board pay such as the five year plan to other official) 112, 03; Gold, Sovereign, down earlier in the day,

174. 12. ments flooded the market with hands. The rally carried through the funds and although Treasury bill Finally, The Times stated that One tola is equal to With of next day with a fair amount of payments helped to absorb much if Japah was to emerge from her an ounce.

ush but buying enthusiasm wasaf the surplus, on many days present difficulties, she would

Buenos Aires-Sovereign, 102.- soon replaced with speculative ther remained

unused have to be protected from the 100 buyers 106.00, sellers U. S. dullness.

bulate.

dictatorship which her Commun-Eagles, 163.00b, 173.00s: Cold, Guarded optimism over Berlin Demand for loans throughout Ists, as well as her reactionaries, Bar, por gramme, 10.00b, 10.80s. was heightened by

President, the week was on a small scale, would like to impose on her. Alexandria: Golt. per

"dir- Truman's declaration That he Trading in discounts showed Agence - France-PresUE,

rhem" 101- plastres: Egyptian, considered changes for world marked expansion, The ense in

pound 456; Sovereign 479; Tur- pence as excellent, In addition the credit situation created

key paund 355;

355; Napoleon 380; Wall Street nervousness over good demand for August and

Dollars de what Congress ught cook up September maturilles and a sub-

Kilogram) 825, during its special meeting tended stantial turn over was reported.

One "dirrhem" is equal to Some Interest was taken to give way to the theory that

in

of an ounce. 1/10t London, July 23. the legislators would not welle carly October dates. The Bank of

A continuous flight of capital bahtweight of 15.244 Graminei

Bangkok:-Gokil, Bar, per! y laws that the business com- England return showed further from Singapore seems clearly k nunity considered

undesirable. seasonal expansion in active note dicuted by the fact that the rate quoted Exchange Rute (Sell- The possibility existed, of

elirulation. This ltern was in- Course. creased by £4,500,000, which has gone tower on flare different n). Bangkok on New York T.T that unexpecter legislation might he voted,

20.20: London 80.50; Hongkon days including today, tax contingency which was partly due ilid mitch to

New buying rate for Singapore 3.73.--Router. to curtail market ne refunds,

Applications far £170,000,000 dollars today was 2/3-7/8, can-1 tivity. Rall and all companies Treasury bills totalled £294,170.- pared 2/4-1/16 Inst Saturday. poduced some of the most start-00 and £170,000,000 was allat- while the selling rate was 2/3-1/8, iing corporate news the week. ted at an average rate of ten combated with last Saturday's 'rate

Associated Press.

I shillings and 141 pence.-Router. (of 2/2-7/82.

་་་

to income

a

JAPANESE TRADE WITH

STERLING AREA

Tokyo, July 25.

SINGAPORE

CAPITAL FLIGHT (plustres per cla) 355; Silver

-Authoritative, sources attribule| the drop to "commercial move- ments,United Press.

POLISH FINNISH

TRADE

'CABLE AND WIRELESS

London, July 23,

Accounts et Cable & Wireless

Lid for 1947, its first year nga

Line

Arrivals from New York, Boston,

Other Atlantic Ports via Panama

"COUNSER" "RATTLER" "PIONEER WAVE"

"COURSER" "RATTLER" "PIONEER WAVE"

Sallings to Manila

Aug. AUR. Aug. 31

18

Air. 3

Aug. 17

Sept.

Sallings to New York, Boston, Philadelphia

Baltimore & Other Atlantic Ports via ·

"STAGHOUND" "RESOLUTE"

Panama Canal

-Special Cargo Oll Tanks---

Jine Aug. ...Dus Aur. 7

Rally Ang. Β

Balls Aug. 8

For Full Particulars Call

nationalized undertaking. today UNITED STATES LĒNES

showed big drop in profits at £1,724,090, compared with £3,- 030,804 in 1940. The profits have

Warsaw, July 21been cut ain'tst exactly in half. Receipts for messagez Were The Poles and Finns plan to double their trade exchanges in partly to lowered rates and partly down. by 2638,507 attribued 1040. An agreement algnéit · re-

excep

The Overall Payments Agreement governing trade cently in Helsinki zuid trade be to the fact that the previous year

between Japan and the Sterling Area will be amended to provide for the tale of Japanese cotton textiles to Sterling Area purchases on a 100 per cent sterling basis.

tween the two countries would and been credited with amount to US$8,600,000 on each unal receipts actually belonging side. That is 100 per cent more 10 curler years. than the 1047-48 total-Associat

A dividend of four percent lea ed Press,

tax has been recommended which In the same ay before-United Press.

CHICAGO GRAINS

230

Chicago, July, 24,

With the exception of 100,- of cotton textiles which the Ster- 000,000 yards of port stocks ing Area will buy from Japan, All grains showed weakness

Notice To Consigncos recently made available for but in turn will increase the total and oats sunk to new seasonal sterling, Japanese cotton tex-volume of tratie, since increased lows as, reports of good weather Consignees per Canada tiles. beretofore have been purchases of cotion textiles byd abundant Farvest dampened Anlatte Lines Limited offered to the Sterling Area the Sterling Arca will enable buying enthusiasm. on a 50 per cent sterling basis. Japan to buy greater quantities

Wheat closed lor selict-

lower: Gen. MacArthur sald the deck of Sterling Area goods.

8.S. "HOCKSIDE" 232-231 sion to amend the payments

Corn two are hereby notifled that their 1/6 US. cents cargo is being discharged indo agreement follows discussions in

have drastically curtailed higher; oats 1-5/6 to 2 U.5, cents the Hongkong Tokyo by the Joint SCAP-Sler- tries

& Kowloon Area committee now nego their purchases of Japanese cot-lower: rye, 1/8 higher, soybeans Wharf & Godown Co.'s tlating an overall Japán-Sterling ton textiles, and it is expected unchanged to one US. cent lower. Area trade planickelle, chief of Sterling Area now will be great-

that trade between Japan and the Arrociated Press.

In the past, Sterling Area coun-

Mby

cents Aber"

BUSINESS UP

where it will be at consignees risk and subject to the Wharf's Frank E. MacArthur's foreign trade section ly facilitated.,

terms and conditions, of stop- age, and where delivery may and chairman of the trude com- mittee, said the amendment will

New York, July 24.

be obtained. In the current Tokyo talks, Brisa and wire mills and other place cotton textilts on the same representatives of the United makers of copper products in the basis as all other commodities Kingdom and its colonies, Aus- US, report that now

Damaged packages are to be business left currently being exported to the tralia, New Zealand and South during June topped any

in the Godowns for other Sterling Arca.

Africa already have indicated months in the past two and, examination by Consignees and their interest in large purchases half years. Booked

Surveyors, orders last the Company's Facilitating Trade

of Japanese cotton fabrics if the month required 147,819 tons of Messrs. Goddard & Douglas at He said it will not only sub- sales were placed on a 100 per- copper, compared with 124272 in 10 am, on the 30th July, stantially increare the quantilles cent Sterling basis-United Press. Muy Associated Press.

1

Pacific For East Line, Inc.

Fast Regular Trans-Pacific Servico

OVERLAND

NEW YORK-CHICAGO-DETROIT-TORONTO,

U MONTREAL (AND ALL AMERICAN" 4 CANADIAN CITIES,

Arrtros

From

LOS ANGELES

VESSEL

FROM

BAILS

"FLYING

Now York via

Dikalin und Porta-

TRADER"

Shanghai, Thi Tokuhin Ang. 2.

|'ima, “SEA SEBREWER

"NAVAJO VICTORY"

|ins, "LIGHTNING" [ma. *BRITAIN VICTORY"

Aur

Aur. -10 Ban Francisco

IGERATION DRY

dua Aug. 1.

A. P. PATTISON & CO.

ENERAL AGENTS, CHINA, FORMOSA 2 HONGKONG.

CHARTERED BANK BUILDINGS ATELA: "TULIS. "ÜHINESE BÜIFFING OFFICES

Connaught, Road, C.- Tel: 2483P, PLAN A

July 27

Ban

Tor

A

1

To comply with the General Bonded Warehouse Regulations consignees must have, a Re- vetiuo. Officer in attendance. when damaged dutiable goods are examined

No claims will be admitted after, the goods have left the steamer's godowns, and all goods remaining - undelivered after the 31st July, 1843 will be subject to rent.

All claimshgains the

General Agents

Tel 31261 (3 lines)

Queen's Building,

*****

KLAVENESS LINE

SAILINGS

Direct to LOS ANGELES, SAN FRANCISCO-

VANCOUVER, SEATTLE & PORTLAND m.s. "BOUGAINVILLE" mis. "ROSEVILLE" ..

6th AUGUST.

0th 'SEPT.

ARRIVALS FROM PACIFIC COAST

ms. "ROSEVILLE"

7

31st JULY BAILING FOR SINGAPORE PORT SWETTENHAM,

PENANG & BATAVIA..

3rd AUG.

FASSENGER ACCOMMODATION. BULK OIL TANKS

Chinese Freight Agents.-

༄་།་

HOO FOOK PING THE BANK LINE (China) Ltd.

Apply:

THE BANK LINE (CHINA) 'LTD. King's Building. Tall 27TOS

THE EAST ASIATIC CO., LTD.

"OF COPENHAGEN

M.S. "MALACCA”

August

sleaner must be presented to COLOMBO, ADEN, PORT SAID, ALEXANDRIA,

the undersigned, un; or

before

The 7th August, 1918, ör "they 'will not be réconised.

No Fire Insurance, will “Ed

DODWELL & CO. LTD.

GENOA, TANGIER, CASABLANCA, ANTWERP,

· ROTTERDAM, HAMBURG, 'OSLO, GOTHENBURG AND COPENHAGEN

THE EAST ASIATIC CO. LTD. Aidan's Bldg. 2nd ibora

TL 3116112