1948-09-30 — Page 12

2

ge 12

THE CHINA › MAIL, ¬TH

DAY, SEPTEMBER 30, 1948.

ROYAL INTEROCEAN LINES

* Incorporated in, Þín Netherlpegia hES

KONINKLIJKE JAA-CHINA-PAKETVAART, URICH BANG, AMSTERDAM ÉS

JAVA-CHINA-JAPAN SERVICE

"TJITJALENGKA"

TJISADANE”

"EJIBADAK"

"TASMAN"

Arrivals 427) In port

frum Macassar

Juva Poris 30th Sept. from Macassar & Juvi Poris

14th October.

Jr Purt

-

Ball

to Jaya Forti &. Maeniany 1st Oct. 5p.m.

to Java Poria & Macassar

14th October. to Shanghal-

26th Nov.

To Amoy

11th Oct.

to Java Ports

& Macassar 20th October.

ASIA—AFRICA-SOUTH AMERICA SERVICE

STRAAT MALAKKA” from

*BOISSEVAIN"

*TJIKAMPEK"

"TEGELBERG"

Shangli, 3 Oct.

fven Jepan 10th Oct.

from

South Africa 18th November. from

South Amerlon

& South Africa 19th Nov,

Fallinge

to South Africa &

South America 'Via

Manlia & Straits 0th Oct.

to South Africa,

& South America

via Manila, Straits

7th November.

to South Africa

& South America 8th Dec.

lo South Africa

& South America 6th January,

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

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

Arrivals

"VAN BEUTSZ"

from B. Dell & Straits

1: Oct.

"HEINRICH JESSEN”

Guilinga

to Swotow

& Amoy

3rd Oct.

to Straits

& B. Dell

10th Oct,

to Bwatow & Amoy 12th Oct.

Agents: HOLLAND-EAST ASIA LINE

Trom B Deli

& Straits

17th Oct,

Arrivals

Ballings

la port

to

Tanks available for

oil in Bulk

"LANGLEESCOT"

"MARIEKERK"

"MOLENKERK"

from Europe end Octuber.

from Europe

end November

Jopou

2nd October

to Europe via

Mann & Straits

23rd October

to Europe via Manila

AL Straits

Mid November.

to Europe vla Monile & Straits.

Mid December.

Transhipment cargo on through Ba/L accepted to

Mediterranean and Northern European porta.

Agents: SILVER LINE LTD.

"SILVEROAK"

Arrivals

fram US

Sallings

to U.S.

via Pacine Coust via Atlantic ports

4th Nov.

6th November.

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

Tel. 31195 & 2153) Chinese Agents: 82, Connaught Rd.,

DE LA RAMA LINES

1:1

Loads

vla

EXPRESS CARGO LINER SERVICES

TO AND FROM PACIFIC & ATLANTIC COASTS

LOADING DATES IN U.S.A.

itlantic Coast)

•Los Angeles

From

Atlantic Coast)

via

Los Angeles

Date

Early Oct.

Early Nov.

ARRIVALS

Date

31st.. Oct.

Verset

m.v. "DONA NATI"

my. "DONA ANICETA"

Vessel

DEV. "HALLAND"

10th, Nov. 5.3. "DONA AURORA"

SAILINGS

For

Date

Atlantic Coast )

4th. Nov.

via

Los Angeles

}

14th. Nov.

Yessal

m.y. "HALLAND"

5.8. "DONA AURORA"

BOOKING AGENTS for P‚¡L.

THE DE LA RAMA STEAMSHIP CO., INC.

(incorporated in the Philippines)

MARINA HOUSE Tels. 28676-22675

CHINESE SHIPRING.OFFICE Tela, 28788——2016%

ISBRANDTSEN

Librandisen Company Inc.

20 Broadway.

New York

BANT (2`BERATES • INDIA • PERSIAN GULF • MUDIT_

CONTINENA » •W, INDIRE

STEAMSHIP DIVISION

·FROM·· NIÐ BAILS POR

#SIR JOHN New York.

Manila FRANKLIN”

dio Oct. 2

PATTISON=

JENERAL AGENTS, CHINA; KORMOBA VESHONGKONG

CHARTERED BANK BUILDING.ESTEL:, #8118.

1

20 Candaught Road, C. Tel. -24629,

QUINESE SHIPPING GEFICK

FINANCE

AND

COMMERCE

CHINA'S CURRENCY REFORM MAY BE STUDIED BY IMF

Hong Kong Stock Exchange

A thoroughly idle morning,

| H.K. GOVT. LOAND:

45% Loan 101.

$160 Lown (5) 100,' 15% Leon (1948) 101.

BANKS

HI,K. & S. Bank VPN, 2000.

(Lon. Best) £117. Chartered Bank £15-9/18n. Mercantile Bank A. & II. #21. Bank of Enst Aala 140b

INSURANCES:

Canton 104, 3001. Union Ins. RIAD. China Underwriters 534* H.K, Fire Ina, 270.

SHIPPING.

Douglases 217.

J.K. & M. Biramboats 271.

Indo Chinas (3′′get.) pon. (Del.) 284 Sheila (Beurer) 12/0

Ilalan Waterbonis 16,

DOCKS, WHARVES, GODOWNS, Ele

H.K.K. Wharem (01; 10

[Now) 13.

North Tolat Wharte 1960

K. Dock 10

China Providents Zan.

Ahanghai Dockyarda 193⁄41⁄2s.

MINING:

Haub Mines ¤1⁄4an."

H.K. Mines 0356

LANDR, HOTELN & DUILDINGS;

15., Istria 15.80v.

H.K. Landa 68, 70/Gen

Shanghai Lande 0,196, 5,9018.

Humihreys Estates 2254,

1.K. Reiting

Chibese Estates 188n.

PUBLIC UTILITIES:

HK. Tramways 20%,

Ti

Peak Tramie (Dia) 241⁄21⁄2mi (New) 12n. Star Forfiew 180dn,"

C. Light (038),21,406, Zjas.

(New) 17,400.

I.K. Electron, 200, 25an. aneso Elecirles 24%a Bandakan Lights 28323.

Telephone 373⁄4».

Shanghat Gas 60. INDUSTRIALS Į

Cell, aeg. (Ord.) 260, Canton heel '70.

Cements 41%

HR.

БТОЛЕЯ А.

18. 19.

Dairy Farma (Old) 461; (Now] Lia. Watuna (Old) [9%: (New) Gla

I. Crawfords (X. Na 30.

Sincere Fr.

11tishi) 20n.

China Emporlam 95. Sun Co. Biol. 41⁄4áni Break Bank Horse Ions. Wing On (HK) 1858. .Wm..rowell, Chf, 11. MISCELLANEOUS:

Chips Entertainmenta 491;n. H.K. Constructions (Old) 40.

(New) Bp.

Vibron 10 155 (New) 1do,

Mararono invoelments 18/1.

Madevine HK.) 15.

- Khanehal-Loan-4726-

COTTONB:

£ 16.

BUMPER, ETC, COMPANIES:

Autom

beng Rubber 700.

Consolidated. Rubber

Kota Bubro 20.

Padang Tubbers in, Rubber Trusts an.

Samagaga Rublves 1.10. Shanghai Jehan 20. Tanah Meraba 750.

Telona Rubbers „kón. Zlangbe Rubber Gl

SILVER AND

Washington, September 28."

China's now currency reform may soon recqiva at- tention from the International Monetary Fund now holding its third annual meeting harp, it was authoritatively learned today.

The global organisation for strengthening the world's currencies is considering sending o mis- sion to Ching to study the new Gold Yuan. this objective being to offer suggestions.

blems.

IL. WAS emphasised by authoritative sources close to the Fund that it is not planning to extend financial backing to the new China currency, but it is. "willing to extend to China, the benefit of its technlent re- sources, if they are desired.”,

China's currency problems are among the various world cur- rency and Inancial matters to eeme before the Fund informally during the present meeting.

Opening Sought In US Strike

Weerdcam Pioneer Line

Arrivals from New York, Boston,

Other Atlantic Ports via Panama

"PIONEER SEA" "PIONEER TIDE"

"PIONEER SEA" "PIONEER TIDE"

Sailings to Manila

............For Itolo, Cebu & Manila Oot. II

Oct. 24

Sailings to New York, Boston, Philadelphia London

Stock Exchange

London: Sept 3mp

The last day of account brought some hesitancy to the glock: outsot markets today. At the prices in all sections were light- ly lowered by some selling.

Tubacros, texttion and besiveries Josel

pence. MOVITE!

Gitelgeltoeks qim suffered inhist-declines gud fære en certain marked· wreakness in olis,

progressed), however, As the day

was noticeable barder 10

following bear covering, (tedged ocessionally re overed thele fractional fosses and quier Armness developed in mile, with Anglo Iranian 1/10 higher on the day as 7-13/14

San Francisco, September 27.

Shipping employers today manoeuvred to drive a wedge in the solid front which labour The first move in this direc- tion concerning China's cur- has maintained in the 25-day-b

Const West

maritime Fancy Dama today when Chi-old певе

Finance Minister Wang strike. Yun Wu and Ambassador Wel Ington Ko conferred with Un- dor Becretary of State Robert Lovett,

after touchinst 7-11/16.

Trading in forelem, utilities was small produced Brand of one point in Anato-Argentine tramway inors.

The Bouth African minług market -howed some irregularity in pries' move, The chance of a split,in Unior

ments. Free state fases were agales in ranks arose when officials of the demand, but the remainder of the "section,

Marine independent

Firemen': including dividend payors, were slightl Linion said they would present lawer on Capo selling." Mr. Wang told reporters after the employers' offer for separate SRCURITIES

British Conanie, 24%

771⁄2 the meeting that "there was an perce to their membership on Converslun Loan. 2495. 1081.. 104-15/10 exchange. afviews, on China's Thursday.

Funding Loari, 45. 1960/00.. 112 "currency reform."

The Pacifie American Ship-War Loan, 3, 1962 owners Association, one of the War Lown, B

Optimistic

While declining in give detalls of the talk, the expressed optim- ism on the outlook för the now Gold Yuan, saying:

"The Chinese jiublic's response

the lo

Nanking government's currency reform has been more than expected."

Air. Wang raid he is conferring with US Treasury Secretary John Snyder on Wednesday.

The

Marine Firemen in an open letter to the Union today.

2016

204% 214%

two major employer groups in Vielury lands, 47 volved in the strike, moved to BAILWAYS SHARES:

with the British Transport ... 99 reopen Regotiations

INDUSTRIALS British American Tobacco (of

G.D. Yreland) *** Imperial Chemical Indunt, ord. 46/ imperiai „Tebrero Cu (uf 0,11.

54

Anglo-Dutch Finotation of Java 12/

Ireland

Baltimore & Other Atlantic Ports via

Panama Canal.

-Special Cargo Oll Tanks--

"PIONEER LAKE" "PIONEER 'COVE"

..In port

Due Oct. 14

Sails Oct. 1

Balls Oct. 15

For Euli Particulara Call

UNITED STATES LINES

General Agents

Queen's Building,

Tel. 31251 (3 lines)

AMERICAN PRESIDENT LINES, LTD.

Passengers and Freight --

REFRIGERATION-SPECIAL CARGO OIL TANKS-

5-7/39

"Marine Filer"

The PASA said i considered it could do business with the fire- men despite the employers firm refusal to negotiate with Com-RUBBER SHARES: munist-controited unions.

Meanwhile, the longshoremen Gusta-Kalumpeng Rubber Fatate 18/9 ner Robinson's Rubber Plantation Invest. Trust 10/8 necapted Mayor Elmer International Fund also

HINE BARES: may undertake informal discus-offer to mediate in the strike Burma Cure. Kien on Philippine gold during making a special note of the fact Nandydroog Minta

that the cinployers had previous the present resting.

The nature of the Fund's ap-y rejected the offer. proach to this subject was riot learned.

and Mines Spring Mines

The longshoremen chief, Mr. Sub "Nigela Harry Bridges, urged that the Taray Tin.Co.

It is understood Hong Kong employers be eggin asked to ac-Union Corporations fiscal affairs, glep may receive copt Mayor Telison as mediator. OIL BARRY Fund attention, with convers-United Press...

tions possibly hoing undertaken

with British financlere' attend.

Ing the mosting höre,

on

It is learned the Fund is seek- Ing additional information how Chinese capital is entering end leaving the British Colony.

Slam's application for member- ship in the World Zonic and Fund appears likely to receive early at- tention from the institution's governors, with indications that It will be approved.-Associated

Press.

Manila Gold Hit

Gold And

Bonds Rise Together

Burma-Olt Co., and.

af

17/6

8/1

3-15/10

1/5

220/

መስራ

CARGOCAIBE-SPECIE

To MANILA

*Oct 12

To NEW YORK, BALTIMORE and BOSTON via PANAMA "President Grant" (calls Pacifle Coast)

ROUND-THE-WORLD

Oct.

VIA MANILA, SINGAPORE, COLOMBO, BOMBAY, KARACHI, BUEZ, ALEXANDRIA, MARSEILLES, GENOA, NAPLES,

NEW YORK AND BOSTON,

"Marine Filer" (calls Bombay & Karachi........... Oct.

"Mount Mansfield"

Ool. Tel. Nos. 28172/28175

Hoyal Dutch Co,

2130

St. George Bldg.

Shell Transport & Trading Co. SHIPPING:

$%

1. O. term "Navig. Co., ord. #8/41 Indian General«Navig, & ills,, ord, CILTENGED1

TN

Fuadio Loan, $%

102-6/10

National War Bonds, 245

1940/31

100-29/32

1952/54

102-3/15

1054/88

102-2/14'

1951/05

101%

Savings Bonds, WAT

1955/80

102%

1007/10

10136

.1965/15

100%

KLAVENESS LINE

* SAILINGS

DIRECT TO VANCOUVER AND TACOMA

m.. "FRANCISVILLE”

27 2014

M.S. "BOUGAINVILLE” M.S. "CASTLEVILLE"

Paris, September 28. Financial observers noted to day an

of the únusal trick market-a rise in the price of and both gold

government Exchequer londr, 154467 1966 100-28/12

Redemption Stock, 3%, 1986/00' 9845- bonds on the same day.

FOREIGN, BONDS: a rise in Usually, a

the price of Germain Loan (Dawes) 7% +++ gold indicated Jack of confidence; Japanese Dr, 1097/47 in the national currency. Gov-Japeness A. 1924/9

the Jag. 8. Manchurian Rly., 511⁄2, 1023 – 28, ernment bonds rise when

**** BANKS: situation appears stabilised. Mahila, September 20

Today the price of the Ameri: Chartered Bank of L.A. & C. 11-0/14 China's currency reform-judg-

US$20 cun

rose fram Hány Kong ♣ Bhanghai Bank 117 gold plece ed from the Philippines-appears 27,000 Francs to 28,200. At the Lord's Bank “A”. successful in one respect thus far. same time, the government three Mercantile Bank of India "A" 1 It has caused the Philippine price

By China Reform

Eastern Bank

2

21st Oct.

ARRIVALS FROM PACIFIC COAST

Vancouver Tacoma.

M.S. "ROSEVILLE"

$%

01/14/

ES CHINERE EXTERNAL LOANE1 of domestic gold to plummet sent bonds of the 1045 series National Bank of India

rose 1.0 Francs to 04. down

woward USSU on qunce,

war Tientsin-Pakow Raliways, 6- Al Experts

explained that

-LunE-TINE UHM RỚT. BÁ, L331 11 Before the new currency began tears and boarding keep the price Recr. Lean, 126, Lon. Inde, 1913 17 circulation in China August 23 of gold on the rise The rise hds Crisp Loan, Bri, 1913 1 gold from rich Philippine mines

GOLD MARKETS terests frankly declare that

London: Silver, Spot Ane ource 48d; Forward fine ounce 46d; Bar, Gold; per fine ounce 172/3.

New York: Silver, Bar, (ask

Money Market

Kowloon Canton Ballways, Bé,

Sterling ¡Popile

11

12

1534

sold for an all time high of US$51een so fast recently that pro-Itakuans Hallways, 5th, 1911 1

fessional market operators are Hona Hallway, 357 1958 an ounce in Manila. Today the selling their gold for good pro- Bhanghal Nanking Fly, 5G best premium price is US$45 an

BlAssociated Press. ounce. This represents 10. por, cent off the normal price.

Manila brokers, and mining In- the stringent.economic controls

The gold market was less hectic creed in China are responsible for yesterday, and rates were back the drop.

the BR8310 staal level. One broker said "the new Opening at $310.50, it droppert Chinese Gold Yuan has put the two points before climbing in local trade. He added 9312, casing off again to $310.25 amper.on Manila buyers many of who at the time Interval.

Bauler.

BRADLEY STAYS IN WASHINGTON

Washington, September 20 Gotieral" Omar Bradley, Army

In the Ciuler d' Staff, has indefinitely t price) 75-2/4; Bar, Gold, per are Chinese are scared of lesinsafternoon if opened at $311, went postponed the trip he planned p

thels shirts or their heads.” ounce fofficial) $38. *Bombay: Suver, Ready,; ¡per| Another, source advanced two up half a point, and slipped back the Pacific.

to $309 at the close.

Price

General Bradley said he must

other defence officials

ters

on

Due 21st Oct.

14th Oct., ..22nd Oct...

Due Hong Kong..10th Nov.

Vancouver

Tacoma

. 20th Oct. .30th Oct,

Due Hong Kong..27th Nov.

PASSENGER ACCOMMODATION. BULK OIL TANKS

Chinese Freight Agents, HOO FOOK PING

THE BANK LINE (China) Ltd.

BEN LINE

Apply!-

THE BANK LINK.

(CHINA) LTD. Klog's Building,' Tel, 27792

BEN LINE STEAMERS LTD.

SHIP

5.6, "BENDIACDHUI"

The

SHIP

8.8. "BENYORLIGHT"

9.8. "BENCRUACHAN”,

8.8. “BENMACONUI"

100 tolas, 171 Rusees, 14. Annas: possible reasons for the present US dollars were also easier, stay in Washington to be

for conversations with forwain per 100 tolas 16014: retardation of gold blackmarket-dropping to HK$5.15% In the ablo Marwari (anonicial) 16795;ing: Gold, delivered, per fola 114,:00;

but moving up again 10 budget and "other Army maf- Forward (unoficial) no

1. Fear has disbanded a ready in the afternoon. trading: gold market in China, and smug Boverolen 70, 04. One told is

cautiously watching Plastros opened at HK$10.92% in October and visit Anny In giers are

of TT: Was HK$5.23.

He had planned to leave early equal to 3/8th of an ounce.

developments. They are appre Buenos Aires: Severeign, buy-hensive fest, laws declaring gold a 100, went up to $11 and closed tallations in Japan and the Mid-

416 Pacific United Press. ers 191.00, sellers 133.00)/U.S. hoarding illegal have a long range at 10.07. Eagles, buyers 238.00, sellers effect.

Ticals were unchanged at 2- Smugglers are afraid to en- HK$23.40 a 400. NEI Guilders Bor baht danger their contacts in China or weight of 16.44 Grimmes in her underground trade han- HK336.70 100, quated; Exchange Rate (Selling), nola have been disrupted by the Sterling, weakened Bangkok on New York TT, 19,29; Chinese recolomic police.—Asso-135716, and Matra London do.30 Ilong Kong 3.78.1 ciated Press,

Pacific Far East Li

Fast Regular - Trans-Pacific Service

DIRROT

HAN FRANCISCO LOS ANGELÈS

VESSEL

Than hinh Ichin

OVERLAND

NEW YORK CHICACIO DETROM STREAL · AND ALU AMERICIAN

Егор

Improved to Notice To Consignees

Ban Frapolana

pounds

“KUT SANG"

From Calcutta/Straits/Saigon Arrived September; 243:2048

Damaged cargo ex this vessel will be surveyed in the pre- mises of the Hong Kong (&|·· Kowloon Wharf & Godawn Co. Ltd. between the hours of 10) am and 5 p...on Friday, 1st October, 1948 Conalgapes are advised to have thale Repro- sentatives present during; the

by dand Survey.

Consignees are, warned that claims for damage or shortage may not be accepted if the dark- age Is not surveyed by Messrs. Goddard & Dougins in the pre- sence of Cohalinees RepreSON→ tatives at this appointed time. JARDINE, MATHESON: & CO.LTD.

General Managers,

Indó China Sterm Ni

ARRIVALS

FROM

UK, BAILINGS

ΤΟ

Aden, Port Said, London, Antwerp Rotterdam, Hamburg

READY,

Loading Buoy A7

Mia Oct.

Early Nov.

"For Further Farticulars, Apply To—

LOXLEY & CO. (CHINA) LTD.

Agents

-Tork 'Building

Telephone: 84165.

FASTEST DAILY SERVICE TO AND FROM MACAU

T.S.S. "MERRY MOLLER"

Leaving-Hong Kong 8,30 min. Dally, from Wing-Lok Wharf Leaving Mace

Macau -2.15 17.11.

Times subicci- to, alterailed without notion

MOLLERS HONGKONG) LIMITED