1948-10-18 — Page 10

Pag 10 18

ROYAL INTEROCEAN LINESE

ฟ

JAVA-CHINA-JAPAN SERVICE

“THBADAK

**TJITJALENGKA“.

"TJISADANE”

Arrivals

from Amby.. 26th October

from Macassar & Javaports 28th October

from Macassar - & Javapusta

11th November,

-Ballings

to Javaports & Macassar

20th October.

p.m.

to Javaports

& Machssar

9th November,

to Javnports

& Macassar 23rd November.

ASIA—AFRICA—SOUTH AMERICA SERVICE

*BOISSKVAIN,

“TJIBODAS”

*TJIKAMPEK"

"TEGELBERG“

Arrivals

in port,

from

South America

& South Africa

And November, trom

South Africa 20th November. from

South America

& South Africa 27th November.

Ballings

to South Africa

& South America

via Munila, Siraita

12th November.

to Shanghal

and Japa

5th November,

to South Africa

& South America

1th December.

to South Africa

& South America 10th Januncy.

Transhipment cargo on through Be/L to Dar-Es-Bainaza,

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

* TASMAN"

Arrivals

In port

Bailings

to Amoy & Swatow, 23rd Oct.

to Stralls &

Belawan Dell

28th October.

Agents:-HOLLAND-EAST ASIA LINE

"LANGLEESCOT"

Arrivals

Tanks available for & Shanghal

oll in Bulk

"MANEKERK"

"MOLENKERK”

Sallinge

to Europe via Maula & Strafta

th October.

from Japan

18th October.

from Europo

to Europe vin

end October.

from Europe

end November

Manlin & Straits Mid November.

to Europe via Manila & Straits.

Mid December.

Transhipment cargo on through Ba/L accepted se

Mediterranean and Northern European ports.

Agents: SILVER LINE LTD,

"SILVEROAK"

Arrivals

from US

Ballings

to U.S. via Pacific Coast vin Atlantic ports

4th Nov.

6th November.

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

Chinese Agents: 82, Connaught Rd.. Tol 31100 & 21533

DE LA RAMA LINES

EXPRESS CARGO liner SERVICES

TO AND FROM PACIFIC đ4: ATLANTIC COASTS

LOADING FOR U.S. ATLANTIC COAST VIA LOS ANGELES

3.5. "DONA AURORA” m.v. "BRYNJE"

14th November Late November

THE CHINA MAIL, MONDAY, OCTOBER 18, 1948:

AMERICAN PRESIDENT LINES, LTD.

****, Passengers and Freight.'

t

REFRIGERATION—SPECIAL CARGO OIL TANKB-

CARGOUAIRE—SPEDIT">

FINANCE AND

COMMERCE

FRENCH FRANC REVALUATION BECOMES EFFECTIVE TODAY

London, October 16.

The Treasury announced today a revoluation of the French franc, which will raise the value of the pound sterling from the present 864 francs to 1,061.3 fronics—ah increase of over 22 por

cent.

An official statement said that after the devaluation of the franc early this year, objections were raised to the system then introduced by which US dollars, Portuguese escudos and Swiss froncs were bought and sold at fluctuating' rates in o free market while there was no free market in sterling.

The Treasury statement con- finued: "After consultations with the International Mone-

ne

with the rate which is already | | effective, for trade in 'dolfare. The timing of the change just

tury Fund, a modification has when the documents are being now been agreed, which has the signed for inter-European mutual}

more than a coincidence. effect of broadly bringing the

When Britain, Belgium and US dollar erasserate in Paris other countries are agreelag 10 into line with the United King-give France large grants dom ffieint dollar rate for trade they can ill afford, the least that | transuctions".

Fraser could do was to rense a multiple currency practice which tended to undermine the curren- cics of the donors.

The Treasury said that the come new arrangements, which into force on Monday, October 18, will be as follows;

:

official rute

in

Winel:

Official Tablo The existing United States ultr

An emeled table attached to the Paris dollars for tourists, capital trans- cominunique issued today gives actions and financial remittances the sterling will continue,

Mean Trade Rate

"All Importers will meet 50 peri cent of their needs in dollars" ut The official inte and -30 per cent of dollar provveds to the author)- les at the omeini rute and release the balance in the free market..

#

"There to thue an effective means rate for trade tranenc- tions which will be fixed each day. The new officiat sterling rate will be based on this mean

rate and on the official sterling: dollar rate of 4.03 equals onsi paund.

"For trade transactions there will be an effective cross rate in Paris equivalent to the offein? dollur rate for sterling in London.

"This is a welcomo move to- wards a more uniform system of the rate in France. The new of Selal sterling-frane rates in Lon don Bre 1,001,3 francs to the pound and the Bank of England will continue quote forward rates lo the sume manner os at present."

effect

rule for. October under the new exchwige rifles us follows:

No Cracks At Gold Yuan

Shanghai, October 17. Central News reported to- day that the government or- dered Shanghai motion plc- ture studios to "out' out" any satirical remarks on the Gold „Yuan' In future productions.

it said that disparaging re- marks will be taken as an net of gurposely damaging the name of the new national currency-United Press.

New Money Policy For 'America ?

New York, October 16. After 15 years of New Dealism, the United States will; | soon' embark on a sound money policy, which will have reper- cussions throughout the world. according to leading financial and palliicul experts. They ard chango [of the opinion that a

will begin in November, after Governor Dewey's prospéctivá|

Better Deal For victory

Farm Workers

Artis

Thereupon. It is believed, Mel Elliott Belf would become Se gretary of the Ticksúry. Mr. Bell has supervised the Republican Party's economie policy speeches since 1939 and previously was d financial journalist.

Maidstone, England, October 17. Britain's form worker are aring for a better dea!, a Union Since 1943, le has been Super- leader announced on Saturday.

Intendant of Banks in New York: General Secretary AC, Dunn State. of the National Union of

Mr. Bell of Agricul-

is likely to review tural Workers said a clnim has the country's economic structure been sent to the Central Wege aul make necessary changes, one Board for a 44-hour week, two) step út a time, with emphasis on weeks yearly holiday, tnore over- voluntary action to check infla time pay and "substantial in- tion. creuse" in the minimum wage of Mi. Bell regards the lowering

of tari barriers and the con £4 10m u weet

"We do not have strikes

and linuance of foreign aid program. lockouts In our industry. Weines un vital to the United States. produce the goods, and do our bit He strongly advocates sound and in return we expect con. money and likely to insist on a buyers ...........1,001, sellers 1,063. | ditioffs ut least consistent with balanced budget, with a plan to

the those of skilled workers in other gradually reduce national 1,055 sellers 1,070, | industries," he said Associated debt,

Neuter Press,

To discourage inflation, fur- ther, he is likely to recommend if and when nececary the flota- tion of more attractive long term government bonds,

pou sibly accompanied by factual abandonment of the Democrati cheap money polley, thus ak lowing interest

rates to rice

Commercial

transactions ---

Banknotes-s

buyers

FIRST YEAR PLAN FOR ERP SIGNED, SEALED

Paris, October 16. Sixteen nations and the three Allied occupation zones today signed, sealed and formally de- livered to the United States their plan for spending nearly $5,000,000.000 donated by America for the first year of the European Re- covery Programme.

machinery and coal In this

order.

The

somewhat.

He is unlikely to favour any tax reductions which would tend to unbalance the budget. Mr. Bell's known

These indeiations are based on

attitude. ; would be improper at this june- economic views.-Router,

Als

Bon to ask him to declare

SIAM FOOD PRICE DOWN

Bangkok, October 16, Food prices in Bangkok have dropped 30 per cent necessities including clothing, ord

and other

down 18 per cent from the levels

Mr. Paul Henri Spank, Pre- sident

organisation, of the

Although only six nations were European Economie Co-opera-| tion, presented the pact of the affected by the past, all 19 mm American ald to Ambassador berg signed to make it law. Aus- No Dollar Change

Averil Harriman, in a colourful ia's Karl Gruber signed it first, year ago, the Bikmese Ministry followed by others in alphabetical

of Commerce reported. sumptuous order. ceremony in the

The Ministry said the fall was Reuters Financial Editor wrote chateau de la Muette

duo Catite

to elimination. of "illicit ceren.py insted tonight that the

of the Mr. George Marshall, father of only 50 minutes. Mr. Spunk nd-transport fees," enforcement Franc change Is to remove the the plan named after him, was jouming the meeting, said soleman anti-profiteering act, increased !discriminatory

rates not present. He now exchange

to Greecely: "Gentlemen, I pray that the imports and better co-operation hoper expressed here will bel by merchants in lowering prices. THE DE LA RAMA STEAMSHIP CO., INC. which have been quoted in Paris today.

since January against sterling, the

Mr. Spaak in a brief speech re-calised."--United Press,

-Associated Press. Belgion frang

was born just and all other called the OEEC currencies except the dollar, ad

months ago, Swiss franc

He said: "This is a brilliant an- and Portuguese escudo,

niversary. In other places ofi Paris, talks are livelier than here, There is virtually no change in] but I don't think any the work the relation between the franc is more important and responsible and the dollar and no devaluation than that which we have done

(Incorporated in the Philippines)

MARINA HOUSE Trix. 28075--22676

CHINESE SHIPPING OFFICE Tels. 28738—20168

THE HO HONG STEAMSHIP

CO., (1932) LTD.

m.y. "KAMUNING”

To SINGAPORE & PENANG Loading

17th October

Sailing

18th October

1.5. "HONG SIANG”

To SINGAPORE, PENANG & BANGOON

Loading

30th October

Sailing Jst' October

Subject To Alteration Without Notice

For Further Particulars on Freight & Passage Apply: THE HO HONG CO. (CHINA) LTD.

48A. Bonham Strand W.

27

Tela 96197 ds 25648 --

AUSTRALIA - WEST PACIFIC LINE

EXPRESS: SERVIDE

Refrigerated, Ventilated and General. Cargo

M.V. “AROS"

Loads 7th November.

Arrivan Australia 24th November

BRISBANE, SYDNEY, MELBOURNE, ADELAIDE

MANILA, RABAUL

Transhipment`cargo accepted för. ‚FII “and” New Zealand:

DODWELL & CO., LTD.

General Agents

Tele. 28021/4.

+

of the frame against the dollar.

What is happening is that the

hore."

Notice To Consignees

Notice To Consignees

TO MANILA

"President Harding"

ROUND-THE-WORLD

Oct 23

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

NEW YORK AND BOSTON. "President Harding"

Oct. 23

To U.S. GULF PORTS via PHILIPPINES and PANAMA

"Frederick Lykes"

St. George Mdg.

Nov, 19

Tel. Nos. 28172/28175

Americum Ptomeer Lanc

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

"PIONEER MIDE" "PIONEER. DAY" "STAG HOUND"

Sailings to Manila

"PIONEER TIDE". "PIONEER BAY" "STAG. HOUND"

. Oct. 23

Nov. 15

Nov. 28

Oct. 24

Nov. 18

Nov. 20

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

Panama Canal

---Special Cargo' Oil Tanks-

*PIONEER SEA"

.Dun Oct. 30

"PIONEER TIDE”

Due Nov; 11

Due Dec. 4'

Sails Nov. 1 Bali Nov, 1A Salla Dét. 5

"TIONEER HAY"

For Full Particulars Call

UNITED STATES LINES

General Agents

Queen's Building;

Tel 81251 (3 lines)

KLAVENESS LINE

SAILINGS

DIRECT TO VANCOUVER AND TACOMA

Londing

m.s. "FRANCISVILLE", AN

19th Oct.

of

ARRIVALS FROM PACIFIC COAST

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

Duc

.24th Oct,

Vancouver

..14th Oct.

...22nd Oct.

M.S. "HOSEVILLE"

.20th Oct.

M.V. "CLYTONEUS”

M.V. “KYSKA”

Damaged cargo ex this vessel will be surveyed by Messra; Having arrived Hong Kong Goddard & Douglas at Holt's A Great Stop

consignees of cargo are hereby Wharf from 10 a.m. on October effective rate for trade in ster-1 Mr. Harriman, replying, suit notified that all goods have 19, 1948, and consignees ord ling is being brought in line that an agreement was the answer been landed and pluced at requested to have their repre- to those who said that the task their risk and expense into the sentatives present during the was impossible and foolhardy. godowns of the Hong Kong survey.. He said that the poet represented and Kowloon Wharf and Go- Itens of thousands of fours work, down Co., Ltd. where delivery

and was

Comfortable Conditions

London, October 16,

Mr. Harriman

may be obtained as

that he the goods are landed.

expected a speedy approval from

KU LIDOS

the Economic Co-operation Åd- No claims will be admitted ministrator, Mr. Paul Hoffman,

Money market houses have ex-who now must pass on the report after the goods have left the

perienced very, comfortable con-. ditions during the past weck. Credits were in ample supply and enabled, books 10 be balanced

with ease.

Although there were some larga amounts of treasury deposit re- ceipts. to Be met, thero were

spread fairly evenly OVET the

week. Banks were good buyers of

short dated bills.

The case

ARIOS

The representatives of the 18) nations and the three zone

godowns."

British and American Bizons in All broken, chafed and dam- |

French

ermany, the

one in aged goods are to be left in Germany,

zone in Germany and the free territory the godown where they will of Triento-fled by the table be examined in the presence of where Mr. Spink sat to sign the Messrs. Goddard and Douglas past' for

helping each other ou, the 19-10-48 at 10 a.m. with Intra-European commerce.

Re-

attendance

BUTTERFIELD

& SWIRE,

Agents.

October 15, 1948.

Notice To Consigneer

r

M.V. "REINHOLT" Having arrived Hong Kong consignees of cargo are hereby notified that all goods have been landed and placed

at

Kowloon Wharf and Go

Tacoma

Due Hong Kang.19th Nov.

Vancouver

Tacoma,..

30th Oct,

Due Hong Kong.27th Nov.

PASSENGER ACCOMMODATION. BULK OIL TANKS

Chinese Freight Agents, HOO POOK FING

THE BANK LINE (China) Ltd.

Apply:

THE BANK LINE (CHINA) LTD. King's Building. Tel. 27792

BEN LINE STEAMERS LTD.

BHP.

8.8. "BENMACHHUITM" 8.8. "BENNEVIS” 5.8. "BENABTI”.

BHIP

ARRIVALS

FROM

U.K.

STA

SAILINGS

TO

LOADING

"DUR

24th Oct. Mia Nov.

"Mid Deo.

Fort Sald, 18th Oct London, Antwerp, (Buoy A-2) Rotterdami,

Hamburg

#7th Oct,

Calls at Glenoa.

For Further Particulars, Apply TO- W. R. LOXLEY & CO. (CHINA)} LTD.

The ceremony was held in the To comply with the General their risk and expense into the oak-panelled "wood room in the Bonded Warehouse Regulations, and way of the Hong Kong *S.S. “BENCRUACHAN” chateau on the edge of the Bois consignees must have a de Boulogne, the former home of venue Offcer in

down Co., Ltd. where delivery S.S. BENMACDHUI” flected in the Bank of England Henri Rothschild.

In credits was re- the fabulously wealthy Baron when examining damaged duti- may be obtained as soon as return, Active. note circulation

able goods. All clairns against

the goods are landed. was reduced by nearly £2,000,000 70-Page Report the, yessel must be presented. No claims will be admitted and the reserve in the Banking Kir, Harriman was a 70-page rer fourteen

What Mr. Spank profonted to to the Undersigned within after the goods have left the department new töinis

days of tho ship's godowns. £64,000,000 (enough to meet the port agreed on by the OEFC arrival, or they will not be Christmas expansion) and were members after weeks of work, recognised. augmented by an increase of swept and bickering during late £9,500,000 in Government securi- summer and early fall It listell

how much each was 10

get from the $485,000,000 appropriated by Applications for £180,000,000 Con

for ERP for the fiscal Treasury bills totailed £200,420,-year ending June 30, 1940. 400 of which £100,000,000 was also told how each member allotted at an average rate of 10): infended, to spand the badly shillings 2.00 pnece per cento neaded dollars for food and Reuter,

ties

farm products, raw materials,

All broken, chafed and dam- No fire insurance will be the godown where they will Faged goods are to be left in effected.

be examined in the presence of Mosars. Goddard and Douglas on the 19-10-48 at 10 mm.

WALLEM & CO.,

Agente, Delephone 34177-9.

Pacific Far East Live Buc.

Fast Regular Trans-Pacific Service

OVERLAND. SAN FRAN LOS ANGELES

NEW, YOKKOITICAGO-DETRGIT-TORONTO SENTRIAL AND · ALL, AMERICAN & CANADIAN CITIES. Regular Schedule Suspended) far. Duration, ef; Pasillo Doudt Virike. REFRIGERATION ■ DHT-I ARGO ★ CARCIO DILĀ TANKS For full particulars call - Grentrai-Agen

To comply with the General Bonded Warehouse Regulations, consignées "must have" a

Re- venue, Offcor- in attendande when examining damaged duti- able goods. All claims, against | The vessel must be presentod to the Undersigned" "within fourteen days of the ship's arrival, or they will not be recognised

...

No fire insurance, will be effected

WALLEM & CD,

Telephone 3417739.

York Buliding

Apents

Tolephoner 24165.

FASTEST DAILY SERVICE TO AND FROM MACAU

T.S.S. "MERRY MOLLER"

Leaving Hong Ko Leaving Hamil

frosti"Wing Lok Whart

MOLLERS (HONGKONG) LIMITED