1948-08-16 — Page 10

Pago. 10

ROYAL INTEROCEAN LINES

incorporated in the Netherlande es irgi k

KONINKLIJKE JAVA-CHINA-PAKETMART: LIJNEN NAAL AMSTERDAM DOL

JAVA-CHINA-JAPAN SERVICE

"TJISADANE"

"TJIBADAK"

- “TJITJALENGKA"

Arrivata

from Macosant

& Javaporis

19th August.

from

Macassar &

Javoports

1st Sept...

Ballinge

to Javeports

& Macassar

1st September,

to Javaports &

Macassar

18th Sept.

from Macassar & to Javaports &. Juvaports 15 Sept. Macassar, 29 Sept.

ASIA—AFRICA-SOUTH AMERICA SERVICE

"RUYS"

"THKAMPEK"

Arrivals

from Japan

and Shanghol

20th August

fio inpan

& Shanghai 2nd Sept.

'STRAAT MALAKKA” from

-BOISSEVAIN"

South Africa

26th Aug.

from

South America

South Africa

23 September

Ballings

to Bouth Africa Bouth America vin Manila & Straits

49LU AURUSt

to South Africa“

vla Manila & Straits

Cth Sept.

to South Africa &

South America via

Malia & Stroite 1st Oct.

to South Africa

& South America

via Manila, Straits

10th November.

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

Monilias, Zanzibar accepted on all sailings.

SUMATRA-MALAYA-CHINA SERVICE

MEINRICH JESSEN"

& Swatow

Arrivals

from Anny

August 17

"VAN HEUTSZ"

+

In port

Sallings

to Straits &

B. Dell, 18th August.

to Amuy & Swatow, August 24

to Stralia &

B. Dell, August 30

Agents: HOLLAND-EAST ASIA LINE

MEERKEKK"

"ANNENKERK”

•

"LANGIEESCOTTM

Arrivala

from Japan Shanglunt August 30 from Europe 25th August

from Europe

End September

Sailings

to Europe via Manila, & Straits August 31,

to Shanghal

*. inpan

28th Aug.

lu curupa via Manlia and Straits

15th September

to Europe via Mania & Struits Mid October

Transhipment cargo on through Bs/L accepted fa

Mediterranean and Northern Europeap porta.

Agents: SILVER LINE LTD.

"SILVERWALNUTTM*

Arrivals

Bilingu

from U.S.

Pacte const

Early Sept.

to Atlantic Ports and U.8. Mid, Sept.

Office Address: King's Building, Phones: 28015, 28016 & 28017

Chinese Agents: 82, Connaught Rd.,

Tel. 31196 & 21533

DE LA RAMA LINES

Loads

SERVICE

TXPRESS CArgo liner SERVICES

TO AND FROM PACIFIC & ATLANTIC COASTA

LOADING DATES IN U.S.Ä.

Atlantic Coast

via

Los Angeles

from

Atlantic Coast)

via.

Los Angeles

Exte

Early Sept. Mid Sept.

ARRIVALS

Date

18th Aug. 6th Sept. 22nd Sept.

SAILINGS

THE CHINA MAIL, MON DAY, AUGUST 18, 1948.

FINANCE AND

REYNAUD PLAN

COMMERCE

FOR SALVAGING

INDUSTRY AND AGRICULTURE

Nanking Check On New Banks

Nanking, August 14.

Under

new restrictions

being drafted by the. Minis

to

Paris, August 14.

Finance Minister Poul Raynaud today sat out to do what no other mon has been, able to achievo since the Liberation-save the franc and put French industry and agricultura on a paying basis.

The most important man in Premier Andre Marie's new coalition cabinet hopes to accomplish all this before American aid to France ends in June, 1952.

leaked out.

Details of the "Reynaud Plan" are supposed to be secret, try of Finance, no financial but the broad programme has institutions in addition

Whether it will those already in existence, will be allowed to be estab-work depends on many interior Hished in large cities, such as Shanghai, Nanking, Peiping; Tientsin, Hankow and Can

ton.

and exterior factors.

Domestically, the key is agri- culture. Reynaud facie that Insufficient agricultural produc tion is responsible for the high

cost of living.

*

CHINESE

COTTON EXPORTS

Shanghai, August 19. Chinese textile manufic- turers are out to grab over- seas markets for their cotton products.

Cotton

banding together to form a trad- manufacturers - ore

inst corporation whose main aim would be to develop overseas markets.

Working at it from these two France needs 200,000,000 francs can not only

Reynaudi must act quickly, angles, Reynaud feels that France

before the end of the year-half economic balance, but evch con- the manufacturers here recently.

restoro her own

to cover the budget deffelt and tribute to European economic re- the other half to pay for recon-covery within four 'years. struction and equipment. In two

Chen Chl-tion, Minister of In- terior and Commerce in the Cen- Iral Government; conferred with

The report suld that besides

He suggested that the market- limiting the number of fanctil

ing corporation should run as Institutions in major cities, the

private enterpriée and on a com- new rules will also seek to raise weeks the amount of banknotes To accomplish his programme, mercial basis. He said, however, the capital of banks in the in- in circulation he jumped 31,000,- he hopes to bring French labour that the Government was pre- terior

to their pre-war 000 francs to a new high of 849,- and capital together in a supreme pared to give assistance needed level of between 200,000 to 500.- 000,000,000 francs. France al þrasture of self-sacrifice. The in developing the scheme. 000 Chinese dollars, with a mini-viously is poor while her currency Communists, of course, will fight The textile manufacturers have mum of 30,000 for small bank-is Infipted.

fm. But life main idea is that their eye malaty on the South ing houses.

the present Government with the Seas cotton markets-Associated support of the French

people Press.

дредя

This will be multiplied by the elvil servants' living index for the Nanking and Shanghal areas

met.

"A Crime"

"

Reynaud calls the inflation crime against the currency," He

at the time the banks are estabwants to launch a national loan, Hshed and no permission will be the first since the three per cent granted unless the full quota Is Liberation Loart issued by Gen. de Gaulie's Government in No- The report further stated that Reynaud believes, would give the vember, 1944. This new loan, commercial banka desiring to create additional departments for needs for its obligation without Government the money jt credit, savings or industrial in-increasing the number of paper vestment must be able to increase

their capital by one half for cach notes in circulation. department.-Reuter-AAP.

SILVER AND GOLD MARKETS

Bombay:-

Stiver. Ready,

per 100 tolas 175 Rupees, 14 Annas; Forward 173R, 90A; Marwar (unofficial) 175R, 14A.

Gold, delivered, per tola 113R. 08A; Forward (unofficial) 112R, 08A; Sovereign 74R, 12A.

One tola is equals to 4th of

an ounce.

The idea, as Reynaud sees t

Is that previous Governments went | wrong by falling to borrow while prices soared and the state trea- sury grew poorer and poorer.

have the ability to make them-i selves self-supporting if everyone puts his shoulder to the wheel- United Press.

CO-OPS! PART IN CHINA

AMERICAN PRESIDENT LINES, LTD.

6 Passengers and Freight

-REFRIGERATION—SPECIAL CARUU.OIL TANKS—

'CARGOCAIRE-SPECIS

TO MANILA

"President_Monroe".

"General Meira"

August 17 August 21

TO SAN FRANCISCO

"Clenerał Meigs” (vin Manila & Guam)

"President Wilson" (via Bbangal). "General Gordon" (via Shanghai).

Sept. August. 21

Sopi. 10.

TOʻSAN FRANCISCO AND LOS ANGELES

"President Madison" (via Japan &önolulu). August 17. "President Tart

Sept. 17

To NEW YORK, BALTIMORE and BOSTON via PANAMA

"President Tyler" (calls Pacific Coast) "President Grant" (calls Pacifle Coast)

1

ROUND-THE-WORLD

Sept. 14

Oct.

VIA MANILA, SINGAPORE, COLOMBO, BOMBAY, HANACHI. BUEZ, ALEXANDRIA, MARSEILLES, GENOA, NAPLES,

NEW YORK AND BOSTON.

"President Mofiros"- (calls. Žavana) "Louis Mch. Howe" (calls Karachi) "President Folk" (cally Karacht & Havana)

Avgust 17 ..................... August 20

........... Sept.

General Agents: Northwest Airlines

Lykes Bros. Steamship Co., Inc.

St. George Bldg.

Tel. Nos. 28172/28175

SYRIA-LEBANON American Prome or Limo

ECONOMICS -

Dotdinscus, August 14,

The Syrian and Lebanese Governments decided to consult econdmle and finmicial experta about finding a common stable basis for their economy.

The economic relations bc- tween the two countries and also with Irad were discussed at art Important conference todayot Zebadan, the summer residence of the Syrian. President, Shukr} tives are bound to play an im-Bey El Kourtly, which was at

fended by the Lebanese Premier, part in rebuilding Rind El Soth, and his Foreign

Shanghai, August 14. Chinese industrial co-opera-

And there, according to the portant new Finance Minister,

is one

RAILWAY FARES RAISED

of the 'chist reasons for the China's economy, accorging la Minister-Reuter. French people's own lack of Hubert S. Liang, CIC adviser: confidence In the franc--the who returned recently from a thing that sends them scurry. ing to the black market to buy nation-wide survey tour. gold and dollara.

Industrial co-operatives Revanut is out to get dollars taken root in China's soll, he too, but not in the black market, said. He thinks France ought to pro-

have

duce enough to bring in a favour- "From what I saw in the field," able dollar balance. Steel, for he said, "I have no doubt that example, made from Ruhr conl the industrial co-operatives are should bring

in dollars. Shere to stay, I met members of shoutet North African and Mada cooperativas who have remain gascar lead. The dollar-riched with the inovement since South American countries

1938, in Lanchow, Kansu and U.S. Eagles, buyers 170.00, scl-rendy to buy French machinery Shaoyang, Hunan province."

Buenos Aires:-

Sovereign, buyers 104.50, sellers 108.00.

lers 175.00.

Gold, Bar, per gramime, buyers 10.50, sellera 11.45.....

Alexandria:-

Gold,

plastres,

and other materials,

-The Kay--

Bro

Llang 'visited nurth-west, south and central China at the request of Dr. H. H. Kung, president of CIC.

J

On the foreign side, the basis "dirrhem" per

159 of the Reynaud Plari is prose Egyptian pound 445p, production at cheap prices to genuine interest in the CIC hore There #is widespread! and Sovereign 468, Turkey pound give France the wherewithal fo in China, Linng said, just as in 350p, Napoleon 355, Dollars buy the things she needs and to the (plece..de elng) 445, Silver re-establish her credit abroad,

United States.-Associated Press.

Vessel

m.y. "HALLAND"

(plustres per Kilogram) 825p.

5. "DONA AURORA"

One "dirrhem" .is cquai

to

1/10th of an ounce.

Bangkok-

Vezel

m.v. "DONA. ANICETA" n.v. "TONGHA

m.v, "MINDORO

For

Date

Trail

Allantly Coast)

via

25th Aug. 8th Sept.

ILY. “DOÑA ANICETA" m.v. "TONGHÁT"

Los Angeles

BOOKING AGENTS for P‚Ä‚L.

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

MARINA HOUSE. Tela, 23676–22675

CHINESE SHIPPING OFFICE Tel. 28788-20168)

BEN LINE STEAMERS LTD.

SHIP

ARRIVALS

FROM

of

Gold, Bar, par bahtweight 16.244 Grammes unquoted.

Exchange Bate

(Selling)-- Bangkok on New York TT, 19.00, on London 60.50, on Hong Kong 3.74.---Reuter.

TITANIUM

The

PROVISIONAL SHARE OF MARSHALL AID

2.

Paris, August 14. Council of the Organisation for European Economic Co-operation, at a four-hour meeting today, opened discussion of a provisional, al- location of $4,875 million for the first year of Marshall aid.

Shanghai, August 15. Passenger farea on the Shang- hai, Nanking and Harigehow railways have been calsed from 100 to 200 per cent.

But the price of a first-class leket from Shanghai to Nanking a distance of 180 miles--was selling for less than two Ameri- can dollars. The charge for a lower berth was 60 American cents.

The first class fare on the Nan- king-Shanghai express was listed at CN$15,500,000 and a berth at CN$4,050,000-Associated Press..

CHICAGO GRAINS Chiengo, August '14. Grains generally moved up- ward after a' nervous' opening Early: jitters were, caused by re marks of Secretary of Commerce Bawyer that Improved - European crops should permit a substan“ tially induced level of wheat ex- ports from the United States this

Wheat closed lower to higher September 22456; De cember

Higher

2276-14 May 222 July 200-14. Corn 44 highers September: 168-4-H Oats lower to % bigher; Sep- tember-73%-Soybeans

higher: Press.

November; Associated

PRICE, INDEX

FIND

Quebec, August 14, Discovery of a great titanium deposit 400 miles from the city. of Quebec may end the Indian The allocation was monopoly of the metal. Promler mended on Thursday by a four- another spokesman said that the recom-been postponed from yesterday, Maurice Deuplessis of Quebec man working party. Delegates provisional alfomenta - told of plans for a-U.B; $25,000,000 declined to comment on reports possibly be modified;

would

New York, August 14% project to develop the deposits that there was dissatisfaction:

The Associated Press composiid The deposits are controlled by a

U.S. wholesale commodity Index subsidiary of Kenecott,

jover the division of the money. The 10 countries forming the dropped for the second consecu Corporation.

Economie Organisation will re-tive week as grains; cotton and One Council representative said wise their programmes for study textiles touched: new lows for A Government mine authorls

the discussion of the allocation by technical committees at the the year in (response to bumper compared the find to the dis- problem" was certain to continue beginning of mest month of the crop estimatesAssociated Press covery of gold and said It may spokesman said Anat.allocotion by the Council.

for several days. A Council basis of the agreements reached be the world's richest deposit. ngures would not be published of Titanium is refinef into a metal the end of this present sesalon, for high, grade, alloys and, pig thents Pros

Copper

The complete programme for At. an informal meeting after to be finished by the middle of the first year of Marshall 'ald is the Council gritting, which had next month-Beuter.

t points Associated

Pacific Far East Love, Inc.

Fast Regular Trans-Pacific Service

OVERLAND

NEW YORK CHIĈAGO DETROIT-TORONTO, MONTREAL AND ALL AMERICAN '& CANADIAN

V.K. UK.

U.K. BAILINGS

TO

End Aug. Mia Septri Early Oct.

BRADY

DIRECT BAN THANCISCO LOS ANGELES

(Colombo (Aden; Port Said

London,

Atrives

For

Antwerp,

Bent

ELS. "LIGHTNING"

App.

San Francisco

Ban Franc

Early Sept.

FLTING DRAGON"

Лёг

Aug. 10 | Buri· Francisco

Aug.

Ban

Aug

Sept.

6.8. "DENVORLICH"

B.8. "DENLAWERS" 8.8. "BENCRUACHAN”

ЗПР

8.8. "BENLAWERS"

B.S. "BENVORLICH"

Loading for Japen

Rotterdam, (Hamburg

For Further Particulars,

W. R. LOXLEY & CO. (CHINA) LTD.

Agents

Tork Building.

Yokol

JARGO

Notice To Consignees

LOK SANG From: Calentin/Straits" mtrived August 13, 1948:

Damaged cargo ax this vedeol will be surveyed in the pre mises of the Hong Kong & Kowloon Wharf & Godown Co Ltd. between the hours of 10 nm and 5pm on Wednesday, 18th August, 1940: Consigners. aro-advised--to have their Ho présentatives, present - during the Suryoy. A

Cinsignees are Wartied that claims for damage or shortago may not be accepted if the damage is not surveyed by Mesity. Goddard &Douglas th the presence of Consigno Representatives at this ap pointed time, MD

JARDINE MATHESON

anagers O General Indo-China Steam, Navigation

Company: Limited.

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

"PIONEER WAVE" "PIONEER LAKE" "PIONEER COVE"

Sept.

Sept.

1

Sept. 19

Sailings to Manila

"PIONEER WAVE" "PIONEER LAKE" "PIONEER COVE"

Sept. $

Sept. 14

Sept 20

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

"COURSER" "RATTLER"

Panama Canal

-Special Cargo Oll Tanks--

"PIONEER WAVE"

..Due Aug. 21

Due Sept. 21

Due Bept. 6

Balls Aug. 22 Sails Sept. 7 Sails Sept. 22

For Full Particulars Cali

UNITED STATES LINES

General Agents

Queen's Building,

Tel 31251 (3 lines)

KLAVENESS LINE

SAILINGS

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

m. "ROSEVILLE" ms. "CASTLEVILLE"

6th SEPT. 8th OCT.

ARRIVALS FROM PACIFIC COAST ms "CASTLEVILLE“.

23rd. "AUGUST SAILING FOR SINGAPORE PORT SWETTENHAM, N

PENANG & BATAVIA.

24th AUGUST

PASSENGER ACCOMMODATION. BULK OIL TANKS

Chinese Freight Agenta.

HOO FOOK PING THE BANK LINE (China) L44.

Apply

THE BANK LINE (CHINA) LTD.

King's. Buliding. Tel: 21793.

CHINA MERCHANTS S.N. CO.

15 Connaught Road. West.

SAILINGS

Telephona, Sidsp...

Shanghial August 16 Team Kong August 16 Shanghai August 17. ugapore August 18

S.S. PEI PEH 8.8. HAI TAI 8.S. HAL KANG S.S. HAI HISIA 8.S. HAI CHIEO Singapore, Bangoon August 20

(With Passenger Accol

Bata for Teing Tao, Hani ow

FOR FULA PA