1948-11-01 — Page 10

OYAL INTEROCEAN LINESE

Phasinger-and Freight Sourcat

JAVA-CHINA JAPAN SERVICE

“TJITJALENGKA"

"TJISADANE“

"TARMAN"

"TJIBADAK"

Arrivals

from Manila & AMDY 8th November

from Macassar & Javaports.... 14th November. Itom Amoy 3rd December

from Maraszor

Javaporta

26th November.

to Javaports

& Macassa

10th November. 3 p.m.

to Juvaporta

& Macassar

26th November, to Javaporty

& Macassar,

5th December.

to Javapurts

& Macassar 16th January.

ASIA-AFRICA-SOUTH AMERICA SERVICE

*BOISBEVAIN"

"TJIBODAS”

"TJIKAMPEK"

"TEGELDBRG“

Arrivals

In port

from

Anita Ballinge

South America

& South Africa 5th November, from

South Africa 26th November, from

South America

& South Africa 30th November,

to South Africa

& South America

via Manila. Siralty

13th November,

to Shanghak

and Japan

8th November,

to South Africa

& South America

4th December,

to South Africa

& South America

14th January.

Transhipmons cargo on through Ba/L to Dar-Ez-Salaam,

Mombasa. Zanalbor accepted on all mailara.

SUMATRA-MALAYA-CHINA SERVICE

"VAN HIBUTSZ"

"TABMAN"

"VAN RIEMSDYK“

Arrival

from B. Deli & Straits

4th November trom B. Deli & Biraits

21st November. from B. Deli & Straits

27th November.

Bailing

to Swalow & Amoy 6th Noveinlæer.

to Swatow and Amoy 22nd November,

to Straits

& B. Dell,

7th December.

Agents: HOLLAND-EAST ASIA LINE

"MARIEKERK"

~MOLENKERK"

"MERWEDE"

Arritmia- In port

from Europe 3rd Dec.

Bailings

to Shanghai

& Japan

2nd November

to Europe via

Manila & Straits

Mid November

to Europe via Manile

& Strails.

Mid December.

from Europe Ent Dec.

to Europe via

Menin & Straits, Mid January.

Transhipment cargo on through Ba/L accepted te

Mediterranean and Northern European parts.

Agents: SILVER LINE LTD.

*SILVERBRIAR"

Arrivals

from US

Sailings

to U.S.

via Pacific Coast vin Atlantle porta earls Dec.

mid December.

Jitico Addrem: King's Building Phones: 28015, 28016 & 28011

Tel. 31196 & 21531 Chinese Agents: B2, Connaught Bd..

DE LA RAMA LINES

EXPRESS CARGO LINER SERVICES

TO AND FROM PACIFIC & ATLANTIC_COASTS ARRIVING FROM U.S. ATLANTIC COAST.

· VIA TACOMA

m.v. "HALLAND”-

9th November

LOADING FOR U.S. ATLANTIC COAST

GUN VIA LOS ANGELES

1.1. "DONA AURORA”

m.y. "BRYNJE"

21st November Late Novembar

THE CHINA MAIL, MONDAY. NOVEMBER 1, 1948,

FINANCE AND COMMERCE

International Situation Prime Influence In

BUSINESS WEEK

IN AMERICA

#{

New York, October 31, Businges and industry minin- tained strong underlying position this week. Some lines reached new highs and only in rare cases was there ward economy.

xpot in the

buck- nationin!

Stalin's attack on the western powers hind ttle effect on current activity except to distrubt the autumn rise ln the stock market. There was no labour disturbance of consequence. Retail trade was ghead of the previous week and last year.

Electric power output and crude oil production.

reached against new top, the third tine in three weeks. Steel mill activity was I only n rifle under the all ime

high of the previous week.

Freight car loading were the highest since last November but agalu fell under the totala of the 1047 week, lending comfort to a widely held theory that tonnage was being diverted to other means of transportation because of re- cent freight rate increases,

A shutdown of some assembly linea for model changeovers brought a light drop in automo- bile production from high totals of the previous week but output was ahead of last year.

נסין

over last

#

"

Economic

Washington, October 30. High Government economists consulted by the Unit

12. :-

.:

Trends

ILO CONCERNED ABOUT JAPAN

delober 20.

od Press think the international situation will romain a major' influence- in future economic tronds whether Mr. Dawoy or Mr. Truman wins

Lake Success, the election..

The United Nationa Head- The business outlook for the period between the quarters today, releared in report election on November 2 and the Presidential from the International Labour Organisation meeting Ganeya inauguration on January 20 is regarded as which sald management, delegatos, favourable. The chief factor is larger public attending the ILO Textile Com- purchasing power, which will increase as a re-mittee session, usted, the com- mittee to express grave conetu sult of economic steps approved in the first over the policy to expand textile half of 1948.

production in Japan and Germany, The Employers' statement to the, cùmmittee said It considered

Imperative Christmas it

that the Бгопр should "ro-emphasis its gruve

popular

These included a Presidential will inspire increased announcement of increased de-condence and that fence needs and approval of trade throughout the nation will ECA, appropriations, numerous be good. The outlook for 1940 concern at the situation. already is conditioned by the international developing especially with re- large wage increases and a tax politicni situation, with all pegard to Japan and the potential reduction which added an sent indications pointing to Gov-danger of that development to estimated $5,000,000 iu the ernment expenditures even high other. producers of cotton, wool,

rayon and silk goods." national purchasing power.

er than in '1940, '

Promises Effect

ax-

Ernest Thornton, British worker. member of the com mittee, sxid British labour was concerned over the policy of rebet Japanego „textile industry because development of that Industry to its pre-war.position would contribute to world dia- } turbance.

This expanded públic purchins- ng capneity has had the effect of keeping the average price situa tion fairly stable except for lower) Mr. Dewey's campaign pro- prices for farm commodities at-mises, it fly implemented, ure ter bumper farm crops.

increase rather than likely to Economists think the October increase the total natioisal and November business Indices penditure, due to: (1) Encourage- must given to Western reclama-

He urged the committee in tion and hydro-electric projects.

adopt a strong term resolution generous of t (2) Indications

(3) Pro- demanding that the occupying policy toward China. posed

to authorities 'In Japan insure that enlargement ef Social

their pre-war United

France May Purge Civil Service

Paris, October 30. The Government is prepar-

ค large-scale purge

of

Security coverage potentially at angst attain Indiisirles

textile

fecting several million consumers not (4) International policy state-

ate-position.

States

United States

favour replied the problein but the

NEW SITE FOR

The ments, which gave the impression, Government member, Bene Lut

that the that Republicans may even greater defence expenditures then the ceiling of $15,000,000,- question raised might be outside 000 next year which Mr. Trupan the competence of the ILO.-

United Press. Soft coul improved

favoured. week but was under a year agning

The United States Government while heavy construction cou- Communists in the Civil Ser-in proceeding in routine fashion tracts

sharply over both vice and the armed forces. In preparation for the national periods,

The purge would be a direct budget which is to be submitted sequel to the Communist-led - to Congress in the opening days On the unfavourable side of the bour front confilet which the of the session, which begins ledger was a sharp increase in Government believes was launch- January 3. business failures which carried ed by the Communists for poll- the total to the highest since last tiral reasons, primarily to sabot February. A suriety of factors age the Marshall Plon in France. entered the picture, including the persistence of unavourable con- altinus in the textile Industry.

The question was discussed at a meeting yesterday between the Prime Minister, M. Heuri Queuil-

M. Paul Ramadier, M. Chris- Business loans of banks declined tian Gineau (Minister of Trans- 1oo after setting record highs, fur port), M. Robert Lucon (Minister seven wecks running. This was of Industry) and M. Andre Marie The latter due more to the lending activities (Minister of Justice).

of insurance companies, however, sakt he had been ordered to draft thon to the lessening in demand a Government bill banning mem

נס

the

BOAC BASE

} Cairo, October 30. The British Overseas Air- However, it is believed

Corporation flying boat Congressional Appropriations ways

any station in Egypt has been trans- Committee will postpone major decisive action until at ferred from the Wile at Calraj tor Inauguration Day, January to Lake Mariut, outside Alex- 20, so that If Governor Deweyandria. The move followed the

is elected President he will construction of the Fund EL have a full opportunity to make Awal international land and

There is considerable uncer-

perconal recommandatione. marine airport" on the lake, tainty in the Executive Branch only about 15 minutes by car of the Government over the tu- from the centre of Alexandria. This new marine base consists of the Congressional "economy bloc,"

for credit on the port of business Abership in the Communist Paris } ture aliud, which after the of an artificial" basin 3,000 yards

and industry,

3

to Civil Servants.

ad-

The first move in this direction1946 Republican victory started long and 2,500 yards wide, per For the third week in was the suspension last night of its offensive for large budget remitting aircraft to alight and take flationary pressures maintained M. Raymond Tournemulae,

ductions. But under any circum- off freely, whatever the directions ministrator of the nationalised dead calm. Retali and

blances, it anticipated that the of the wind. wholesale food prices tended aneh railroads. M. Tournemale national budget, in the event of Another up-to-date feature of a bit lower while some Induc- Communist

is also secretary general of the

Republican Railroad

ake airport, is a floating Workers

administration, will the Inke trial materials again edged up infon and had issued a call to authorize governmental expendi- dock--the first in Egypt. Th

union members to block coul

tures for the fiscal year starting shortly be put into use by the trains at the French frontlers. July 3, 1949, on a senle sufficient BOAC for Berthing flying bonts

o have ali nuinting, effect on board aircraft and land United Press.

und w enable passengers - in without general business.

ward.

The stock market hacked down sharply at one time but its ren- cons for doing so were a matter of debate. Some thought it was because of

Stalin's outburst. LONDON MONEY MARKET REVIEW

others leaned to the theory the market was due for a reaction after the long October climb.

At any rate, short term plun-

THE DE LA RAMA STEAMSHIP CO., INC.ger took in on the chin when US

.

(Incorporated in the Phillippines)

MARINA HOUSE,

Tels. 98676--22678

Steel directors held on to most of the record high earnings reported. clared only the usunl US$1.25 #

in the first nine months and de-existed QUINESE SHIPPING OFFICE

Tels. 28788--20158

THE HỒ HONG STEAMSHIP.

+

CO., (1932) LTD.

8.8. "HONG SIANG”

To SINGAPORE, PENANG & RANGOON

Loading

4th November

12.

Salling

5th November

Subject To Alteration Without Notice

For Furthier Particulars off Freight & Passage Apply:

THE HO HONG CO. (CHINA) LTD.

43A, Bonham Strand" W

Tela, 25127 & 25629

THE EAST ASIATIC CO., LTD.

·OF COPENHAGEN

M.S. KAMBODIA"

Loading about 12th November Gyurta, sh20*

INA

for

COLOMBO, ADEN, PORT SUDAN, PORT SAID "ALEXANDRIA, GENOA, TANGIER, CASABLANCA, ANTWERP, ROTTERDAM ↑ HAMBURG, OSLO, GOTHENBURG,"

NHAGEŊ & GDYNIA, VAA Tanks available for this curtinga bi bil inʼbur

THE EAST ASIATIC CO., LTD. Udon's Bidg, 2nd floo

share

London. October 30. Fairly comfortable conditions in London's money dividend. This was His market during the past week. appointing to those who bought Supplies of credits were sub- the stock"

recently on tips that antantial in early stagus extra or increased amount would borrowers were able to satisfy

their needs with ease. be voted.

The report of big steel was but

and

one of alang parade of record Towards the latter part of the high earnings of prominent cor- week, there was some tightening porations made pubile this week, and market houses' had to search The list Included such stalwarts for funds. These were eventually Bethlehem Steel, General forthcoming to enable the books Motors, and Philca Corporation to be balanced without official in-

tervention. Associated Press.

Q8

BIZONIA'S NEW TRADE METHODS

day.

Frankfurt, October 30.

1

Trading in discounts was often torge with a fair turnover ro- ported in December and January dates.

to

Economists surmise that if the having to go out to them by motor Republicans retai control of launch.

Congress, it will tend to discour From one each week in 1930 age the pressure of organised la-the flying services through Egypt bour for a new route of wage have been expanded to 18 a week

today, Reuter.. increases-United Press.

China War Progress May Cause US

US Policy Review

Washington, October 30.

A review of the American political, military and economic policy towards China may be forced by the defeats now being suffered by General Chiang Kai Shek's armies, Government -of- ficials declared here today.

Study is already being given to the chances of the United States naval base at Tsingtao being maintained.

ז

Communist forces have alet. The issue is especially topical ready infiltrated into that area here in view of the fact that Goy- The Bank of England return where three American cruisers error Tubinas E. Dewey, the Re- showed that demand for our and 12 destroyers are

|publican Presidential candidate, based nas made increased aid to Chins randy continues to contract, and where Chinese seamen.area notable part of his fordign although there Was only 'a

cutation...

wur

7

A new "streamline" procedure for Bizonia's foreign trade, iro-

small fall in: active note cir- being trained. If they link up policy. ducing the function of the joint

with the victorious-forces in Future Uncertain export and

import agency to

the North withdrawal by the Whether such an increase is licencing and foreign exchange An expansion-in credit United States Naval establishe control, and bustriess negotiations back. Intances which wore

pulling ordinary base was shown by bankers' bal- ment might be necessary. The possible and even whether the measures can be Con £6,000,000 setbacks

present now being suffered finued with Gorman hands, was adopted by higher at £307,500,000.

good purpose muit the Board of the Joint Expert Application for 170,000,000 the questions of:

by the Nationalist, also pose for the time being be regarded as

uncertain. Ad Import Administration and sign-Treasury bills totolled £281,115,- ed by Britain and America to 800 of which £170,000,000

tho (1) Whither

the policy current The major guide to dhe oficial announcement of shillings a

alloted at an average rate of ten $120,000,000 military old pro Mr. Dewey will follow, if elected, and 1,40 pence per cent. gramme to China can be effective will probably be supplied by Mr. practice will be fisuod the new?

leuter..

ly continued and the present William Built, the former United shortly. The now procedura will

system of American military eb States Ambassador to Russia

and apply also to the French-zone,

servers and advisers with the China under President Roosevelt. once the foreign. ¡trado merger

Nationalist The excaange rates, of all cur-

whd is leaving for China shortly maintained, has been completed and the JETA renties with, the trane will re-

(2) Whether the Chinese by fook into the altuation there, procedures have fully taken the main unchanged during Novem-economic aid programme can ba

Mr.

Bullitt who has been place of the former French zona ber, the Bank of Franco

critical at the Truman Adminis forolga trude agency-Reuter nounced todayReuter

tration policies towards

General Chiang „Shak ́and who has -udad greater, American mill- tory, asalstance to the Central

Tul. 84112 & 34112

For full partic

'Parla; October 30.

kept up without considerable waste and the possible loss of sup": plies to, the Copymunist forces.,

Pacific Far East Live Inc.

East

Service

OVERLAND

NEW YORK-CHICAGO-DETROIT-TORONTO MONTREAL AND ALL, AMRICAN A. CANADIAN LITIE

ašión,ofi Paoifio, Court. Birikal

ARGOʻDIE":TANES.

STATES LINES CO., Queen's Bldg. Tel

ezent, la travelling jun-

Congressional Watch-doga, Cóm- The Kasane xung đi ổn tho efficiency of all foreign ald

ald gro

or not the reports today that Mukden has fallen pro confirmed, it is under stood here that the American Consul there will stay onl

Adce thats a your ago sa Ameri- ecial disclosed that Argus Ward,

Bar:ine" "Conimnun'ato walked i

AMERICAN PRESIDENT LINES

Trans-Pacific-Round the World

CARGO CAIRE

.**

*

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SPEED-DEPENDABILITY ➡REGULARITY

St. George's Bldg.

Tel Nos. 28172/28175

Americam Pioneer Line

Arrivals from New York, Boston,

Other Atlantic Ports via Panama

"PIONEER BAT" “STAG. HOUND"

"PIONEER DAY" "STAG HOUND"

Sallings to Manila

Nov. 15

Nov. 28

Nov. 28

Nov. 20

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

Panama Canal ·

Special Cargo Oll Tanks--

*MIONEER SEA” "PIONEER TINE"

Due Nov. 3

Balls Nov. 4

"PIONEER BAY"

Due Nov. 13 Due Dec. 4

Balls Nov. 14 Ball Dec. 9

For Full Particulars Cal

UNITED STATES LINES

General Agents

Queen's Building,

Tel. 91281 (8 Unes)

KLAVENESS LINE

SAILINGS

DIRECT TO VANCOUVER ́AND TACOMA m.s. "CASTLEVILLE" .. ...Loading

18th Dec

ARRIVALS FROM PACIFIC COAST M.S. "CASTLEVILLE" M.S. "ROSEVILLE”

.Duc

Dua

19th Nov 27th Nov

PASSENGER 'ACCOMMODATION. BULE OIL TANKS,"

Chinese Freight Igents. HOO FOOK PING THE BANK LINE (China) Ltd.

Apply:

THE BANK LINE · ·

(CHINA) LTD. King's Building. Tel. 2778:

BEN LINE

SHIP

8.8. "BENNEVIS" 5.8. "BENARTY"

*SHIP

#KUM 199 JAN RAŢ

DUM

..

ABRIVALS

FROM

UK. 2 U.K. SAILINGS

TO

Mid Nor

Mid Dec

LOADING

Aden, Port Said.

London, Antwerp,

K/Wharf

Rotterdam,

Hamburg

S.S. "BENMACDHUI”

For Further -Particulars,-Apply To-

R. LOXLEY "CO. (CHINA) LTD.

York Building

01:549.

Agents

Telephonat 24185.

"VASTEST. DAILY SERVICE TO AND FROM MACAU

T.S.S. "MERRY MOLLER"

Leaving Hong Kong 8.30 am, Daily, from Wing Lok Winsl Keaving MikeRIS

Tintas subjogs to alteration" without melion

MOLLERS (HONGKONG) LIMITED