1948-11-08 — Page 10

THE CHINA MAIL, MONDAY, NOVEMBER 8, 1948.

ROYAL INTEROCEAN LINES

Basiegel and

JAVA-CHINA-JAPAN SERVICE

“TJITJALENGKA”

Arrivals

In part

to Javaports.

"TJISADANE”

"TASMAN"

1

"TJIBADAK"

from Macaisar

& Javaports 13th November

from. Amoy

7th December.

from Macasua

& Javoports 26th November, s

& Macassar

11th November,

5.p.m.

to Javaporta

& Macassur

"26th November.

to Javaports

& Macassar,

9th December.

to Javaports

& Macassar 3rd February.

ASIA-AFRICA—SOUTH AMERICA SERVICE

MHRSEVAIN”

Arrival

lo port

*CHIBODAS

In port

“TJIKAMFER"

*TEGELBERG"

from

South Africa 20th Noveinber. from

South America

& South Africa 30th November.

Ballings

to South Africa

& South America

vla Manila, Stralta

& Mombasa.

13th November.

to Shanghai

and Jepan

9th November.

to South Africa

& South America

14th December,

to South Africa

& South America

14th January,

Franshipment eargɑ on throtich 29/L to Dar-Es-Unbiam

Mombasa. Zanzibar accepted on all sailings. SUMATRA—MALAYA-CHINA SERVICE

"VAN BRUTSZ"

"TASMAN"

"VAN RIEMSDIJK"

Arrivals

in purt

from B. Deli & Stralfa

21st November. from B. Dell

& Straita

27th November.

Salling

to Swalow & Amoy 8th November.

to Swatow and Amoy 22nd November.

to Strait -&-B. Dell,

9th December.

Agents: HOLLAND-EAST ASIA LINE

*MARIEKERK"

"MOLENKERK”

"MEERKERK"

Arrivia

from Japan

Shanghal

20th Nov.

from Europa

3rd Dec.

from Europe

End Dec.

Sallinge

to Europe via

Manila & Straits

22nd November,

to Europe via Manila

& Stmits.

Mid Decomber.

to Europe vis

Manila & Straits,

Mid January.

Transhipment, cargo on through Be/L accepted te

Mediterranean and Northern European poria

Agents: SILVER LINE LTD.

"SILVERBRIAN"

Arrivals

from US

Ballinge

to U.S. vin Pacific Coast via Atlantic ports early Dec.

mid December.

Hffice Address: King's Building, Phones: 28015, 28018 & 28017

Chinese Acente: 82. Connaught Rd.. Tal $1190 & 21531

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"

13th November

LOADING FOR U.S. ATLANTIC COAST

-VIA-LOS-ANGELES-

s.s. "DONA AURORA”

my. "BRYNJE"

21st Novembar Late November-

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

MARINA HOUSE

Tel. 2R676-22878

CHINESE SHIPPING OFFICE Tels. 25788-20163

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN -

M.S. "KAMBODIA"

Loading about 17th November

for

COLOMBO, ADEN, PORT SUDAN, PORT SAID, ALEXANDRIA, GENOA, TANGIER, CASABLANCA, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG, COPENHAGEN & GDYNIA

Tanks available for the carriage of oil in bulk

THE EAST ASIATIC CO., LTD.

Queen's Bldg., 2nd floor.

Tel 34111 &·34113.

CHINA MERCHANTS S.N. CO.

18 Connaugh Road West

S.S. “HAI HSFA”, SIS.

Caroo for

Telephone 318da

BAILINGS

FINANCE

AND

COMMERCE

CHINESE GOVERNMENT'S OFFER

TO DOMESTIC BOND HOLDERS

Disastrous Week On NY Market

New York, November 7, The stock market finished its most disastrous week in mate than eight years on Saturday with a slight come back. It made only night dent in the losses the market suffered in post-election rétling.

The shock OI

the Democratic Victory lo Wall Street was clear

y told in the slurp decline of prices. The average was at the lowest level since April. Indi- vidual issues were down one to more than 10. The market value of all stocks declined about | UB$4,500,000,QUA,

Professional traders, many whom bought substantial amounts in anticipation of a Republican ministration, pulled out of the market in a hurry and tried to guess when the boltom would be reached.

On the buying side were in- vestors and speculators looking for a bargain or covertog a short poillion.

Recoveries on Saturday were general but fractional, while 800,000 shares were traded.

Most heavily-traded siocks In- cluded Sinclair Oil up at 234. Consolidated Vultee up at 0% Tidewater Associated up ant

Shanghai, November 6.

The Chinese Government is offering its-bondholders one per cent, not as interest, but, as 'full pay- ment of all its domestic loan issues.

For one bond issue there are 16 others affected-- this will mean domestic.creditors of the Govern- ment will loss the equivalent of an estimated US$500,000,000.

dependence

on the

Empire's Trading With Japs

London, November 7.

In the course of the debate

This is for the so-called} On the other hand it seenu Consolifated Loan of 1936 The safe to say that the day of Gov- par value of the Consolidated ernment

SUC was 1,100,000,000 Chinese voluntary response of the public on Far Eastern trade in the dollars. They were in "good" to its bonds is gone. The Govern. House of. Commons yesterday for Overseas Secretary dollars, circulated before the, in the midst of a "controll- the

cd economy" drive, scoms to have Traile said for the first time the inflation began.

bidden farewell 10

10 classical Commonwealth countiles, con- methods of public Brance.

cerned acling together have been negotiating for

a trade and expand balance. trade with Japan. gagreement

The Government's offer is tied in with what it le doing 'hbout the

Its most recent venture in the Inflation. On August 10 this year, fteld of rotsing large funds from it promulgated the "Gold Yuan" its citizens bus tuken the form of to replace the inflated

Chincsea

"capital levy and is referred dollar at the rate of one to 3,000 to generally by the non-Govern doo, Two weeks later the Financement press is a simple "soak Ministry announced the Govern-the-rich" ment would call in all outsland-Press.

domestic bonds.

came of the band-holders'

expectations?

Very little from their point of view.

A great deal from the omelal point of view.

Government Profit

were "valorised" at

· measure—Associated

Difficulty In Money Market

to

her colonies and Australia, New The countries are 'Britain and Zealand, South Africa and Indin.

Raw wool and collon, tron dra, eeronls, pétraléum, rubber "would go from the sterling aren'to Japan in change for cotton textiles, raw lk. Industrial machinery, rolling alocic and coustic soda.

Mr. Dattomiley-also- gave figures of the British trade with Ching avhich is limited by adverse con- ditions. The imports from China were £7,100,000 in 1930, £2,700,- .000 in 1940 and £7,100,000 - la-1 year, The exports to Chita"were 24,400,000 'the year before, the war, £7,800,000 in 1948 hd

£12,800,000 last year.

Bald Director 'P. T. 'Chan of National ›Loang, on September 4, this yearsmall dogiestia govern- ment bonds issued slnen Rabru;}

London, November 4, ary 1836 (17 in number) willi

It han bom a week of difficulty: be valorised from 27,000 to

In Lawton's money market. The This year the Imports from 1,000 1times according to their assistance of a special buyer was China diave been at the rate of original -dates of lenue,"

necessary in many instances be- £8,500,000 and exports to China Consolidations, being the ear fore the books were balanced. at the rate of 28,400,000. test issue,

Shortage of credit was parlly Mr. Bottomley stressed the, high 27,000 times their face value due to the absence of maturing value of trade with the Far East that is, in the same lodated Chi-

bills and some calling in by where there is a great potential nese dollars. The most

recent banks. The markot was disturbed market. Japanare trade, he said, Dow Jones averages C0.02; in-loans, issued during a period of by the call of £25,000,000 in con-is dubine to conditions tha is developing reasonably satifac inflation, dustrials 178.94; rulls 56.59; utili- pronounced

were nection with the new Electricity. "valorised" at 1,000 times, Chen 3% loan.

Jupan must not become. an ties 33.78.

Closing duttatlons:—Adama Expeves 18,- Säld. "This valorisation gives the

Pending a clarification of their aggressive power, undercutting Alaska Janeau 20. American Can To this, the response of the this time the shortage developed. an increased value."

position, banks held aloof and at prices violently by unfair | American Biriting -60%, American Tel.

petillan "Oh yeah?

Relief was provided by the oven- American Waterworks

Το

PROITY-

& Tul. 150%. Amerleau Teinres bond-holders WAS, hoods are.tual-return of some of the Electri- AUTO INDUSTRY'S

Anavonla

elty money.

Throughout the 'week, 'demand

for discounts was moderate am

Copper %. Aviation Cerjiration he bare fures on our Baldwin Locomotive 15%, farbadan 17 4. multiplied by 27,000, a 10,000 dol. Bently Aviation 21 Beshiebern Sterilar bond will become 270,000,000 #44. Horing Aldraft 13, Barden Com Influted units or-divided by the pany 41. Cancelsa Pavla 19%. J.1.2,000,000 to one Gold Yuan.ratio the turn over small. Ca 384, Chrysler G. Colgate 34.90 Gold Yuan. Comamarelal Bolvents tit, Corn Products Consolidations iss #1, Thipunt 17815, -Eaximan Kodak 42,

Thus

the

of

PRODUCTION

-Detroit, November 7. The US automobilgi Industry has entire The Bank of England return-produced 4498,000 autos and $1,400,- revealed an increase in netive trucks-so-far: this year.—Associat- the Inst note circulation of £3,000,000 ed Press. Electrie Lubt & Fawnr 19%. General 000,00-out of which, Electric 38%. General Motors 60%, Good reliable gures show, only, $38, and other movements were small

Applications of £170,000,000

rich BUS. Cloodyear 45. Kinmentaku Min. | 700,000 have been redeemed Treasury bills totalled £291880. The 31. International Harvesters could be taken up by Government

Intrautinal Paper 61. Internatiorisi"|"for less than

14,000,000 Gold 000 of which

£170,000,000 was

Tel a Tel. 106, Juhns Manville 173. Yuan. In terms of American dol-allocated at an average rate of Kinnrett Copper

altromlars in 1836 and 1948, the governi 10 shillings and 1.58 pence per Wied SIA, National Distillers · 183.

ment, hog

of teat.--Reuter. cleared, pront National 12, New York Central it. Parker Motors 4, Pan-American Al about US$500,000,000,"

waya 8%%%. Vannsyirania I.R. 17%. Rally Corp. 1. Republic Simel 2052, Reynolds' Timer, Kchenter '2724, Betes Rosbuck' 42. Shell Oil 3715, Bheuny Vacuum 14. Southern Pacific 51, Standard Brans 22% Standard Oil of Calit. 66%, Bland- and "O of NJ, 74%, 8tudebaker # Uston Be 2014, Unton · Uutiskie (30 %) -0.8, -Hubber §. US. Steel Tiži. US.

Lines -16,” Wonlíti@hotes: 203;;;;Youngstown- Bhret and Tube 78. Coneral Public Wattles -13% Associated Prese.

British

New Issue Government

The \plates · issuing

of

Gold

contam- Yuan

· bonds. 'What will be the effect

:Government part

per. formances on prospective buy!

SILVER AND GOLD MARKETS

ers of its new leade? One high Bombay: Silver: Ready, per 100 Finance Ministry_official_when tolas Rupees-175,-Annas 02; For- aaked answered terealy: "Noward 175, 00: Marwar (unom- good."

India

STEAM NAVIGATION CO., LTD.

M.S. “SANGOLA” M.S. “SIRDHANA

Regular salllngs to SHANGHAI and JAPAN Special Round Trip fares to KOBE $850,00

Limited First Class Accommodation available.

Tours Arranged at Kohr.

For full particulars apply to

F&O. Building, Hong Kong.

SHIP MOVEMENTS

Seattle, 'November 7. "The steamer 'USO drrived from Yokohama, Wolverine State from and Villager Fucan, Republic sailed for Yokohamn.-Associated Press, !

Notice To 'Consignees

CONSIGNEES PER DARBEE- WILHELMSEN LINE

“MAV ̈"TAI SHAN”~~ clal) 175, 00. Gold: delivered, parare hereby notified that their tola 1:3;-04: Forward (unofficial), 112, 08; Sovereign 76, 00. on cargo is being discharged into tala is equals toth of the Hong Kong Kowloon Founce.)

Wharf & Godown Cols:godown

Buenos Airest 'Sovereign, buy where It will lie at Conilgnees' |·ern *152.00, sailer 162.00; US risk-and- subject to tire "wharf's Eagles, 343.00b, 28500s; Goldstorms-and-conditions of storage. Bar, per gramme, buyers unquot and where' delivery, máy be-

obtained.

od, -15.10s.

¡Alexandria: Fine Gold

(Dir-

horn) 1011: Egyptian pound Damaged packages are to be (Fouad) 485; Sovereign (King) left in the Godowns for ex- 432; Sovereign (Queen) 443; Napoleon

(Louis) 380; Union amination by Consignees and Latine((in coin of 20 francs gold) Company's surveyors, Messrs 340 Turkish Gold pound 355; Goddard Se Douglas at 10 a.m. Dollar (Amper. gold coin of 5 dolon November 13 lets) 465; Pure silver (per Kilo

Bangkok Gold, Bar, per baht- Bonded Warehouse Regulations

weight of 15.244 grammes,an consignees must have a quoted. Exchango Bate (Selling) Bangkok on New York TT, 19.75, London "60,00, Hong Kong 3.75. Reuter

NY COTTON

Re-

venue Officer in attendance when damaged dutiable 'goods are examined...

No claim will be

admitted

after the goods have loft the

AMERICAN PRESIDENT LINES New York via Panama Trans-Paclite-Round the World

REFRIGERATION ́

SPECIAL CARGO 'OIL TANKS

'CARGOCAIRE

SPECIE STRONGROOM

St. George's Bldg.

Tel. Nos. 2E17S-/25175

Gmericam Promear Linc

Arrivals from New York, Boston,

Other Atlantic Ports via Panama

"PIONEER BAY" *"STAG "HOUND"

Sailings to Manila

PIONEER DAY" "STAG HOUND"

Nov. 15

Nov. 28

"Nov. 16

Nov. 29

Sailings to New York, Boston, Philadelphia

Baltimore & Other Atlantic Ports via ・・

„"PIONEER” TIDE"

"ÉIONERE BAY" "STAGHOUND"

'Panama Canal

-8pečl41 Cargo 01] Tanks--

Due Nov. 13

Duo Dec. 0

Que Dec. 17

For Full Particulórn Cali

Balls Nov. 14.. Balls Dec, Balls Dec. 18

UNITED STATES LINES

Queen's Building,

Company

Tel. 31251 (3-Upda)

BEN LINE

ziz die bing

ABRIVALS

FROM

6.8. "BENNEVIB" 8.8. "BENARTY".. S.8. "DENVRACKIE" 8.8, "DENLOMOND"

SHIP

*8.5. "BENAWTY" 9.8. "BENNEVIS" 8.8. "DENVRACKIE” · 8.8. "BENLOMOND" *Calla at Genna.

معايده

U.K.

UK.

U.K.

U.K.

BAILINGS

"TO

DUS

J

Late Nov. Early Deo.

End Dea.

Mid. Jan

LOADING

Aden, Port Said,

Mid Dec.

London, Antwerp,

Had Deo.

Rotterdam,

Mid Jan.

Kad Jan.

'Hamburg

For Further Particulars, Apply To-

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

Tork "Bullding

Agents

Telephone:, 34265.

KLAVENESS LINE

SAILINGS

DIRECT TO VANCOUVER AND TACO

Loading.

steamer's godown, and all good me. "CASTLEVILLE' | remaining" "undelivered after

New York, November 7 the November 14, 1948 will be Colton

under subject to rent. `moved 'lower: _bcattered") +liqutilation-anil_hedg;}

ARRIVALS FROM FACIFIC COAST

King, Futures vélosed turtchanged All:élaims against the steamer

to 260 lower, Dooember : $31.91,

must be presented to the under- March 31:34, May 31,20 Julygned on or before the Novem-PARJENDER-ACCOMMODATIUN. 4027; (Ottöber 128:35,- imidaing

beratognised.

Tel. 27731 (4 Linies). || spôt (3101 nominal Associatorer 12, 1948 or they will not

No Fire iurance will be effected.

Dodwell & Co.,Ltd,

Pacific Far East Love Luc.

Fast Regular Trans Pacific Service

·DITIEOT... ·

SAN FRANCISPO, LOS ANGELES

OVERLAND

NEW (ZÓDK-CHICADO DETROIT TOHONTO, “MONTREAL · AND · ALL AMERICAN, JA LOANADIAN (UITIES. -TENTATIVE÷SAN FRANCISCO/LOS ANGELES: TO-HONGKONG SCHEDULE “RESUMPTION

The first vowsślifor your väteigerated shipments will be seK (FDYING ARRACION,

·Baliz' Ban Francisco 7 days after strike “Arrives Hongkong/21 days later The first years for your idry cargo, "shipments will DOT KADE INDIAN BEAR. Balls: Ban, Kearchop fi ulaya latter wisiko “Arrives Tiongkong (81-days later TENTATIVE HONGKON CO-8KN-FRANCISCO/LOS ANGELES SCHEDULE:RKAUMPTION::

BALL:

WATCH

PODK - do 11LBS Videt-Climat ingid Øreflatid Traitira Lions

Arrivos San Francisco 31vdays interdi

\OF YOUR KARLIEST

Long Roaribor 8, 1948.

Moilce To Consigneos

Damaged gwo this vessel will be surveyed by Mására3|| Goddard

Yuger »Godtown from @20, 2njm/

Illyes

on November 10:

ffre

M.S. **CASTLEVILLE” MS, “ROSEVILLEJ

Chinese Freight Arrents.

HOO FOOK FING

-THE BANK LINE-(China) Ltd.

28th Nov. ¿Dec.

HULK QIL TANKS.

Apply:....

THE KANK LINE (CHINA) LED. King's Building," "Tel. 27703

ASTEST DAILY SERVICE TO AND TRÒN HAVAD

T.S.S. MERRY MOLLER

MOLLERS", "(HON

KONG)

LIMITED