1948-07-28 — Page 16

THE 'CHINA MAIL, WEDNESDAY, JULY 28, 1948.

ROYAL INTEROCEAN LINES

Incorporated in the Kithartandi as

KONINKLIJKE JAN ORNA-PAKETVAART LIJNEN NÚV, AMSTERDAMÉ

JAVA-CHINA-JAPAN SERVICE

"TJIBADAK"

Arrivals

from Anuy

2nd Aug.

frum Moenasar

"TJITJALENGKA"

& Javaports

"TJISADANE"

3rd August.

from Marassar

& Juvnports

17th August.

Sailings

to Javaports and Macassar, 4th August.

te Javaports

& Ancassar

15th August.

to Javaporta

& Muenstar

14 September.

ASIA AFRICA-SOUTH AMERICA SERVICE

"LUYS"

Arrivals

from

South Africa

South America

31st July.

"STRAAT MALAKKA" frors Japan,

BOISSEVAIN"

7th Sept.

fin

Staith Amerien

& South Afrien

21st September

Ballings

in Shanghai

& Jupan

3rd August.

to South Africa

South America

Via Manila

Straits & Batavia

Fard August

to South Africa & South Amerlen via Manila Straits & Batavia 8th Oct,

to South Africa

& South America

via Maulta, Stráits * Batuvia

10th November.

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

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

"VAN HEUTSZ"

HEINRICH JESSEN"

Arrivala

from B. Dell & Struts 3rd August

Sallion

to Swatow & Amoy 4th August.

& Amoy,

Tom B. Dell

to Swolow

& Stratis,

10th August

to Strali. & B. Dell

11th August

18th August.

Agents: HOLLAND-EAST ASIA LINE

"MOLENKERK"

Tunks Available for old in bulk

"MEERKERK"

"ANNENKERK"

Arrivals

from Japan

& Shanghal,

20th July.

from Europe.

Sallings

to Europe

via Manila & Strafts

20th July,

to Europe

via Strafts

7th August

8th September

from Europt

to Europe

23rd August

via Straits

Mid September

Transhipment cargo on through Bs/L accepted to

Mediterranean and Northern European ports,

Agents: SILVER LINE LTD.

"SILVERWALNUT"

Arrivals

from. U.S. Pacific consl

Early Sept.

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

Sallings

to Atlantic Ports

and U.S.

Ald, Sept.

Phones: 28016 & 28017

Tel. 31106 & 21533

FINANCE AND

COMMERCE

NANKING SEARCHING FOR NEW

SYSTEM

London

Stock Exchange

London, July 28. Events on the London Stock Exchange today have proved very and rather uninteresting. quiet The late improvement seen in last weeks markets was not followed through and the buying that has taken place has been malaly due to shortcovering.

OF TAXATION

"Nanking, July '27.

China's law makers are desperatoly cooking a new. *** tax system which will lift part of the burden from the already hard-prossad farmors and put it on the shoulders, of the wealthy business, industrial population.

Today, officials say, tillers of China has an income tax, lay China's soll pay taxes-largely but it is administered on a "hit in, kind far out of proportion or miss" system, by which small to either their holdings or in- Wage-carners, such as civil ser- come, while city dwellers vants and shopkeepers, usually pay while those with big incomes escape contributing to the na- tional budget.

pay no attention to the tax col lector.

now

2

unworkable

Hong Kong Stock Exchange

quietly stoody.

The market yesterday WIS

Ú.K. GOVT. LOANS:

40% Loan to8b.

% Loan (198) 100, 154 Loan (1948) 100%, BANHO

ILK. B. Bank 2000b, ToION, 2015.

(Lon. Reg.) 11. Charter is £11-11/10. Bank of East Asia 140h.

Pending before the Legislative Yuan is the so-called "goak the rich" bill which would apply forced levies practised by several local governments on national scale. Blocked by strong waiting opposition of law makers commercial and industrial cen- made a Inte start, but some de tres, this proposal will be revived nld at better distribution of the when the Legislature meots on Sept.

objections to what they describe Various Legislators have raised

far system. It appeared certain INSURANCESI

China's unfair.

Several -new tax bills will be when the Legislative from Yuan convenes a month hence.

Most of them, sponsors say, wi tax burden. Assuciated Press.

British Government securities

mand for the short-dated issues made for some occasional firm firss.

1.

But even strong proponents ad- mit it is not the solution to equal Among Industrials tobaccos and distribution of the tax burden. breweries were the most sought Designed for one-time application after issues, the bulk of the buy-is more of an emergency mea- ing coming from the Provinces. sure to raise money. Elsewhere in this section

few

Financial experts said the prae- alterations worthy of mention oc-

tice of imposing direct taxation carred apart from the bright spot on farmers in China grew n created

Their assets by Cable & Wireless turally.

were al issues which were a strong fea-

ways visible and food collections

to ture, the ordinary being £5 high- were always needed er at 108-1/2. This improvement China' armies, was thought, to be a reaction to the recent sharp fall.

Oil shares failed to maintain their initial improvements and closed

Occasionally below the besi.

A fenture of the foreign utilitles was Mexican Light and Power issue which were Rat on the de- valuation of the peso, the six per cent incomes being £5 lower at 45.

The better feeling that prevail- ed in the Kaffir market on Friday was again, evident, With amal Cupe and local support several slight improvements were record- ed, but the turn-over falled to show any expansion.

SECURITIES:

Britial Cupscale, 24%

...... TOAL Conversion Lawn, 23%, 1985. 104 Fundingan, 5, 1968/09 1184 War Loan, 85%, 1952

102% 10454

ex-dir. 11314

+

British Trasimet, 15% * 97%

1

Income Tax

feed

Such takes remain la force more because of the relative of collection than because 0210 they impose tax burden where It belongs.

SILVER AND GOLD MARKETS

London: Silver, Spot Ace ounce 45d; Forward fino ounce 43d. Bar, Gold, per fine 17243.

ounce

New York: Silver, Bar (asked price) 74-5/8 cts.; Bar, Gold, per fine ounce (oMclnl) '$35.

Bombay:-Silver, Rendy, per 100 tolas 177 Rupees, 00 Annas; Forward per 100 tolas 174, 00;

05..

Marwari (unofficial) 17'3: Gold, delivered, per tola 112, 14; Forward (unofilcini)

112, 09: Sovereign 74, 11. One tola is equals to 3/8th of an ounce. one

tola is equal to of cunce.

его

Money Market

[

Canton Ina, 18736m. Walon ine: 78%, 760. China Underwriters 71ŝn.

11. Fire Ine, 2500. BHIPPING

Douglases 117n.

ILK. M. Steamboata 16b,

Indo China (Pret) Dini (Def.) 2941, Bhelia (Bearer) 70/kn.

U, Waterbonis 37.

DOCKS, WIJANYER, GODOWNS, ETC.)

FI.K. A K. Wharves (0), 158.

*(N) 150an North Point Wharves ». 14.K. Ducks 20. China Providenta 31. Bhanghal Dockyards 184.

Gold opened at $328.00 a toel yesterday

declined to $320,124 In the afternoon it) improved to $329.00 at which rate) MININGS the market closed.

Deliveries totalled 6,920 taels, of which 8,420 were oficial and 3,600 unoMcial.

A

Plastres opened at $11.87%2 109. After rising to $12.02% the rate went down again to $11.07% at the close.

Chinese National Currency filifres opened at 8.85 cents and closed at 4.874 cents for CN$10,- 000, Spot was stationary at 12, vents.

Ticala were $12.30 # 100,

unchanged at

NEI Guilders dropped further to $43.80 a 100.

US dollars were weak at $6.38 Sterling and Australian pounds were unchanged at $14.30 $12.62 respectively.

NY RUBBER

and

New York, July 27. Crude rubber futures closed six higher with sales of 31 contracta.

December

22.00 bid March

22.75 bid No. 1 ribbed smoked sheets, 25 nominal Associated Press.

Notice To Consignees

CONSIGNEES PER AUSTRALIA-WEST PACIFIC LINE M/V "AROS"

Buenos Aires--Sovereign, buy- 103.00, sellers 100.00; U.S. Eagles, buyers 103.00, sailers 173.00. Gold, Bar, per Gramme, buyers 10.00, sellers 10.80..

Bangkok: Gold,

Bat.

are hereby notifled that their weight of 13.224

Gramines cargo is being discharged into Exchange Rate (Selling). Bang the Hong Kong & Kowloon kok. on-New- -York-T.T.-20.20

Wharf & Godown Co.'s godown London 00.80; Hong Kong 3.74,

חד

War Loan, %%

Victory Bondi, 45%

RAILWAY SHARES:

INDUSTRIALS:

British American Tobacco (ol

G.B. & Ireland)

B-7/14 Imperial Chemical Indust., ord. 45/9 Imperial Tobacco Co. (of G..

& Ireland)

Aam Consolidated Tra

22/8

Aman Frontier Tea

11/4

As Ten Company

22/0

thwara Ten..Company.

Emp. of India & Gezien Ten Ca 19/ Imperial Tea Company

20/-

MINE SUARES:

Burma Corp.

Crown Mines

Nundydroeg Mines

11/10

eign

tland Mi

6-8/16

Spring Mines

6/201

U.S. Dollars

怕

Sovereigna

Tavoy Tik Co.

1/3

Union Corporation

258/

OIL BHAREST.

Royal Dutch Co.

214

DE LA

RAMA LINES

EXPRESS CARGO LINER SERVICES

TO AND FROM PACIFIC & ATLANTIC COASTA

LOADING DATES IN U.S.A.

Versel

TEA SHAD

Lunde

Atlantic Coast

Los Angeles

From

antle Cont

via

Los Angriem

For

atlantic Count

vis

Los Angeles

Ente

Early Aug. Early Sept.

ARRIVALS

Date

28th July 19th August 3rd Sept.

SAILINGS

Date

1st July 24th August

8th Sept.

m.y. "MINDORO”

my. “HALLAND"

Verset

m.v. "DONA NATI* m.v. "DONA ANICETA"

ni.v. "TONGHAI"

Vessel

1.v. "DONA NATI"

m.v. "DONA ANICETA" m.v. "TONGIIAI"

BOOKING AGENTS for P.A.L.

Hub Nigel

Shell Transport & Trading Co. -13/14 AMIPPING-

P. & O, Steam Navig, Co., ord. $4. CILTENGED:

- 1040/61

2002/04

Savings Banels, 2161

baht-

Paris Free Gold Pricest where it will be at consignec's Napoleon 4,825 fr., French 10 risk and subject to the Whart's frone coins 1,870; Swiss frane terms and conditions of storage, 3,900; Union Latine 3,825; Sover- and where delivery may

6,100: Half Sovereigns 2,250; | obtained. U.S. Dollars coin ($20) 10,000;

bc

Raub Mines 0%.

H.X. Mines .030.

LANDS, DOTELS & BLDG.

I. 9. Hatala 17. ILK. Landa 106, 80% KA Shanghai Lantis 45, 4.99*. Humphreys Estate 22%. H.K. Beatles 18.

Cbineau Estates X.D. 188. PUBLIC UTILITIES:

ILK. Tramwaje 124b, 110. „Peak Trama' (018) 2#n; (New) 120, Star Ferries 138n.

C. Light (0) 23, 23% am.

(New) 1. H.K. Electrics 444. Maeno Elcettle $4k. Sandakan Lights 18%. Telephones 42361. INDUSTRIALS:

Bhanbai Cas G.

Cald, Mac. (Ord.) 26h.. Canton Ice A

Cements.D. 436, 48%%% +71⁄2

II.K. Rapes 19%.

STORES &c.

Dairy Farm (01) 50%ax: (New) 48n.

Walaana Told) 876, száz, Cina.

(New) Zb, 59, řem Lane, Crawforda '358, Ki/28aR, Bloceres 7.060n.

China Emporium .D. 11.

Kitong Sang Hong 185. Wing-On (BK) 120n. Wm. Powell, Ltd. 12. MISCELLANEOUS:

Chion Entertainmenta den.

JK Contristan (0) 1bt (N) Lê

Vibros (Old) 10 (New) fb.

Maman Investments 18/1».

Karma (IX) 145. COTTONB

Ewon 1634.

RUBBER, ETC, COMPANIES:

Anglo-Javas 6.

Cheng Rabbers .800.

Consolidated Rabbare în. Kota Bahroe

Padang Rubbers 1.200.

· Bubber ~ Trusta: 036 mon

Bamagars Rubbers. 1. Bhanghai' Pahang fá. Tanah Maruku 'lo, Tebong 'Rubbers Dia Zlangbo Rubbers Be.

AID FOR CHINA Washington, July 28. China hús been cleared to re-

coin ($10) 8,900; Damaged packages are to be (in free dollars per left. In theGodowns, for ounce) $70.6; Napoleon. (in free examination by Consignees and celvo US$20,778,778 worth of food dollars per ounce) $30.5; U.S. the

Frea

CHICAGO GRAINS

Fundirst Ioan,

201

National War Bonds,

1054/20

1051/53

1938/65

.... 101-5/32 exdir. 10% 101 10%-3/19

101%.

040/77

wly. 200

FOGD/TK

100-13/10 Iteteraptions Mock, 356, 1986/ug 21. FOREIGN BONDS

German Low (Dawes),.75%

7% 20% 25%

Jap. S. Manchurian R.; 5%, 1913 22 BANKB:

comi

11-17/10

Exchequer Bonds, 1, 1050.

Japanese %, 1907/47

THE DE LA RAMĄ STEAMSHIP CO., INC. Japan 6%, 1924/30

Chartered Bank of 1.A.

(Incorporated in the Philippines) MARINA HOUSE

CHINESE SHIPPING, OFFICE-HK Bhai Banking Corp. 21814

Tela. 28476--22678-

Tels. 23788-20158

ISBRANDTSEN

Isbrandtsen Company Inc.

26 Broadway.

New York:

FAR EAST 4 STRAITS • INDIA • PERSIAN JULY * MEDITSERÁNKAN

US. & CONTINENT • W INDIES • §. AMERICA

STEAMSHIP DIVISION

#FLYING

TRADER"

FROM

New York vis

NO BAIED

Ehon hai. Inchon. Man and porta": Yokohama, duo

Aug. 2

A. P. PATTISON & CO.

GENERAL - AGENTS, CHINA, FORMOSA & HONGKONG CHARTERED BANK BUILDING, TEA BELLS. "QUINESE SIUFFING OFFIC

“Road," 0 Tel.: 24:32.

Mercantile Bank of India "A" 11X CHINESE EXTRENAL LOANS: Tientsin-Pukow Railway,

11 Lung-Tring-U-Hai Rlys., 3%; 1917 11 Reorg. Loan, 4%. Lond. Luue, 1913 16 Griep Loan, 6, 10:2

Tukang Hallways, 5%, 1911., 11 Konan Hallway, 5%, 1905... Shanghai Nanking Hallways, Kowloon Canton Railways, Berting. Bonda "... --Bleuter.

Company's.

10 am, on the 3rd August.

in

I

L

Economic Co-operation Adminis tration.

Dollar notes in black-market) Messrs. Carmichael & Clarke at ing next April 2 through the Surveyors, and fibres during the year end- 337/340.

Paris

Market Rates- Ingots: Fine. Gold ingots, with de

To comply with the General livery of counterpart per gramme Bonded Warehouse Regulations as US$11,620,040 worth of rice, Oficial listed, the allotments 234/244/T. Without counterpart 610/545, Silver Ingots, per Kilo consignees must have Re- US$2,108,738 of wheat and US$ 5,700h. 6,500a;

Officer Platinum Ingots, venue

13,000,000 of cotton-Associated attendance per Kilo 750,000b, 805,000s when damaged dutiable goods

Press Reuter.

are examined.

No claims will be admitted after the goods have left, the steamer's godowns, and all goods remaining undelivered Chicago, July 27. Weakness in eqrn unselled after the 4th August; 1948 will other grains

Monday as be subject to rent. prospects for a record smashing crop depressed prices. Wheat closed %-two bents lower,

September.

$2.29 146-1 December $2.30 16 May

$2.25 2.24% Com was two to 2 lower. September... $1.72 4 Oats were -1 lower." September ... 73 ・靴

Rye was -1 lower.

December $1.884 Soybeans were one to two cents ....lower.

November..... 2.05

Associated Press

Notice To Consignées Consignees per Canada Asiatic Lines Limited

'KL. “FOCKSIDE”

All claims against the steamer cargo is being discharged into are hereby notified that their must be presented to the under- the Hongkong signed on or before the 11th Wharf & Godown Co.'s godown B Kowloon August, 1948 or they will not wherb It will be at consignees be recognised,

risk and subject to the Whorf's No Fire Insurance will be age, and where delivery may terms and conditions of stor

be obtained.

effected.

DODWELL & CO., LTD. F. Damiged packages are to be

Agents.

left in the Godowns for Hongkong, 28th July, 1948.

examination by Consignees and "Company's Surveyors

Pacific Far East Live, Inc.

Fast Regular Trans-Pacific Service

OVERLAND

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

From

the

Messra. Goddard & Douglas at 10 am. on the 20th July.

To comply with the General Bonded Warehouse Regulations consígnicës inust have ♫ Ro- venue Officer in attendance when damaged dutiable goods ‚aré examined. AQU

No, claims will be admitted after the goods have left the steamer's godowns, and all gooda » remaining undelivered after the 31st July, 1948 will be subject to rent a 3,0

All claims against, Koolung

the San Francisco yake if the undersigned" on or before be presented to Aug. 11 Bin Franciado via or thứ 7th chugust-1968, or they

Shanghai Esokon

will not barnpoogniaus

'Balls

Aug.

Aur

DIRECT SAN FRANCISCO LOS ANGELES

VERSELY

|12, “NAVAJO

£0.4. “LIG

A “BRITAIN:

ELK "NURFRISE"

Kobe Aug. 10 Ban: Franciato AMEN

ARGO

Japang

1

AMERICAN PRESIDENT LINES, LTD.

Passengers and Freight -

REFRIGERATION—SPECIAL CARGO OIL TANKS-

CARGOCAIRE-SPECIE

"President 'Fillmore" "President Cleveland"

TO MANILA

TO SAN FRANCISCO

August August

Я 7

"General Gordon" (vin Shanglial) "President. Cleveland" (via Manila) "General Meigs" (via Mañlla & Guam)

gig... August

............ . August 1 7 August 21

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

(ia Kobe & Yokohama)

July 28. August

... August 1

To NEW YORK, BALTIMORE and BOSTON via PANAMA

"Farman Victory" (via San Francisco) "President

Tyler" (vin

San Francisco) ROUND-THE-WORLD

August 12 Sept. 14

VIA MANILA, SINGAPORE, COLOMBO, BOMBAY, KARACHI, BUEZ, ALEXANDRIA, NAPLES, GENOA, MARSEILLES, NEW YORK AND BOSTON,

"President Fillmore (calls Karacht) "President Monroe" (calls Havana) "Louis McH. Howe" (calls Kara chl)

:

August 3

August 28

General Agents:

Northwest Airlinos

Lykes Bros. Stoamship Co., Inc.

St. George Bldg.

Tel. Nos. 28172/28175-

Ammertoum Pioneer Line

Arrivals from New York, Boston,

"COURSER

Other Atlantic Ports via Panama

"RATTLER"

"PIONEER WAVE"

Sailings to Manila

"COURSER"

"RATTLER"

"PIONEER WAVE"

Aug. Ang

Aug. 31

Aug. Aug. 17

Sept.

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

Panama Canal

-Special Cargo Ol Tanks---

"STAGHOUND" "RESOLUTE“

*************... Due Aug. 6 Due Aug. 8

For Full Particulars Call

1

Salls Ang

Sails Aug.

UNITED STATES LINES

General Agents

Queen's Buliding,

Tel 31251 (3 lines)

KLAVENESS LINE

、

SAILINGS

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

ME, "BOUGAINVILLE" mis. "ROSEVILLE"

6th AUGUST

6th SEPT.

ARRIVALS FROM PACIFIC COAST

ms. "ROSEVILLE”

31st "JULY SAILING FOR SINGAPORE PORT SWETTENHAM,

PENANG & BATAVIA.....

... 3rd AUG:

PASSENGER ACCOMMODATION. BULK OIL TANKS

Chinese Freight Agents,

HOO FOOK PING THE BANK LINE (China) Ltd:

Apply

THE BANK LINE (CHINA) LTD.

King's Building, Tol. 27793

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

M.S. "MALACCA'

loading 1st August

for

COLOMBO, ADEN, PORT SAID, ALEXANDRIA, GENOA, TANGIER, CASABLANCA, ANTWER BOTTERDAM, HAMBERG OSLO GOTHENBURG AND COPENHAGE

THE EAST ASIATIC CO.