1948-11-13 — Page 12

W

OYAL INTEROCEAN LINES

Fassunger-and Brugh Bourd

JAVA-CHINA-JAPAN SERVICE

“TJISADANE"

"TASMAN"

"TJBBADAK"

„TJITJALENGKA

Arrivals

1.

from Macassar ..to Javaports,

& Javaporty

13th November

from Amoy

7th December.

from Maensspr

& Javuports 20th November. from Uacassar * Javaporta 10th Dec.

& Macússar

26th November.

to Javaports

& Macassar,

9th December. to Javoports

& Macassar · 3rd February. to Javaports &Uucassar 23rd Dec.

"ASÍA—AFRICA—SOUTH-AMERICA SERVICE.

*BOISSEVAIN"

Arrivals

In, port

*TJIKAMPEK"

from

*

TEGELBERG

South Africa 22nd November. -from-

South America

& South Africa 5th November.

Ballinge

to South Africa

& South America via Manila, Straits

& Mombasa.

10th November.

to South Africa

& South America

14th December.

to South Africa

& South America

14th January.

Transhipment cargo on through Ba/L to Dar-Ex-Salaam,

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

"TASMAN"

"VAN RIEMSDIJK"

Arrivals

from B. Dell Straits

20th November,

from B, Dell .& Straits

27 November.

יי,

Ballinge

to Swnlow and, Amay

21st November,

to Straits

& B. Deli.

7th December..

Agents: HOLLAND-EAST ASIA LINE

"MARIEKERK"

"MOLENKERK"

"MEERKERK"

Arrivals

from Japan

Shaughal 10th Nov. from Europa

akt Dec.

from Europa

End Dec.

Sailings

in Europe via

Manila & Strafta

dist November.

to Europe via Mahila

Straits.

Mid December.

tir Europe yin

Monila & Straits,

- Mid January.

Transhipmeņi cargo on through Bs/L accepted to

Mediterranean and Northern European ports,

Agents: SILVER LINE LTD.

*SILVERBNAK"

Arrivals

tmm US

Satlings

lo U.S.

vin Pacific Coast vla Atlantic ports early Dec.

mid December.

fice Address: King's Buliding. Phones: 28015, 28016 & 28017- Chinese Axents: 82, Connaught Rd.,

Tel. 31190 & 21533

DE LA RAMA LINES

EXPRESS CARGO LINER SERVICES

TO AND FROM PACIFIC & ATLANTIC COASTS

ARRIVING FROM U.S. ATLANTIC COAST VIA TACOMA-

5.5. "HALLAND"

THE CHINA MAIL, SATURDAY, NOVEMBER 13. 1948.

\FINANCE

#

AND COMMERCE.

GOLD YUAN DEVALUATION

LIKE

'POULTICE FOR AN EARTHQUAKE'

London Stock Exchange

London, Navember 11. The feature today was the sharp advance in Argentine Anglo-Argentino tram- stocks. way lasues recorded gabin of 41⁄21⁄2 points on discussion in Parliament on the importance of payment of nequinte compensation to British shareholders In copeens takin ver by the Argentine Govern- ment.

Bluewhere. The markets were inclined to Lhesant. Gilt-steel, however, wHIH Arm buying encouraged by the stress of the new Trinblad 3 Ian, 1997. List for this best at par opened

London; November 11,

Today's official devaluation of the Chinose currency was described in London banking circlos as “a poultice for an earthquake.”

Without the most drastic military, political and fiscal reforms, it was felt that this, and indeed any other currency change that might be de- vised, could be no more than another stage to- wards the virtual disappearance of the Chinese currency,

R

SILVER AND

the GOLD MARKETS

When the "gold yuan" was introduced in August, London was more than sceptical, ber! cause it was not accompanied

to/ roform by measures underlying financial chaos, without which no currency re- form by itself could Alo much good.

It is known that that measure had been prepared some consider- able time previously. Even tissum- ing it to have been adequate when

was and prepared, which

gravely doubted, it was already rendered Inadequate by subsequent de There was an all dowering of all terioration in, the underlying post-

Fubsequently tion.

chimin texday and it is believed that the

over-subscription" sea very heavy.

melting

priera, fillowing aletantial

pertlan Thin handenek ft falled fully to zreover,

Jantrists w Internet

of

but

Sedoped for tršiles at breweries, Tutaeros al teels ine nel ensioe

Developing camsahies if South AfricaR mlings worn them. This wetlan as, a whole, however, showed pose irregularly, SECURITIES:

War Lont, Ara.

*INDUSTRIALS:

0-16/32

Betish Cormal, 24545 Conversion Tan, 31, 1961.

1067%

Punding Lenn, 45, 4994/90

#144

Wor lemn, BIS, WHER

108 N

119%

Victory Bardhe, 45%

11

telti Amerleen Taburra

fot

(5.39 relatedi

imperini Chemies! Trotust,, ord Imperial Tebareo Co, șef G.2.

1/3

1-twenty

TEA KHARES:

Aaaam Younaslisted Tra

21/6

Aam Frunther Ten

15%

Axia T Company

21/5

Dount Ten Company

28/0

'Emp, of India & Cryloa Tess Cet

17/

Imperial Ten Cumpady

26/0

Hurma Com",

Crown Minem

Nundydrog Mines

5.3/10

*/*

1/3

21/a

MINH KHARES:

Spring Mines

Bub Nigrla

Tavay Tin Co,

Union Cerven

OIL SHARE#:

Royal Dutch Co.

6/4

it was fenred that today's change hng been similarly frus

rated in advance by the further deterioration since August.

At

the that time

situation might have bean recitified by drastic political and fiscal re- forms. That was a tall order, but today it would military successes too.

New Backing

London: Silver, Spot fine ounce 45d, Forward 45d; Bar, Gold, por Ane ounce 172/9..

New York: Silver. Bar. (asked price) 74 cts; Bar Gold, per fine ounce (official) $36,

Bombay: Silver: Rently per 100 tolus Rupees 176, Aruins 00: For- ward 176, 02: Marwari (unoff]- cial) 176, 00. Gold: delivered, per tola 113, 04; Forward (unometal 112, 12; Gold, Sovereign 70; 04. (One tola is equal to th of nu ounce.)

Buenos Aires: Sovereign, buy crs 162.00, sellers 162.00 U.S. Gold. Eagles, 245.00b, 285.003; Bar, per gramme, buyers un- quoted, sellers 15,10s.

Gold, Bar, baht- Bangkok:

15.244. .grammes 1 weight of require Exchange Bate (Selling). Bang- 19.70. kok on New York T.T. London 00.10; Hong Kong .3.70.- Reuter.

Meanwhile, an offeinl statement released in Nanking late tonight sait that Gold Yuan nules shall be backed by 100 per cent reserve to be composed of 40 per cent cold, silver and foreign exchange and 60 per cent in negotiable stocks and designated Govern- ment-owned assets.

(On August. 19 the proportion of reserve was: 50-50),

"The total issue of Gold Yuan," said the annobarcment, "shall be 3-1/10 determined by Government man- 11/3date."

Shell Transport & Trading Ch 2% ARTING?"

P. 40. Steam Novia. Co., ord. 55/3 GILTEDGED

Punding Lan, 15%

National War Bonds, 31446:

(On August 19 the total Issue was xxl at GY 2,000 million. This has now been abolished.)

Restrictions

Money Market

Gold Yuran was quoted at 21 cents in the morning anti later in the day It went up to 23 cents.

-.

Hong Kong Stock Exchange

There can be no surprise that the unsettled conditions in the North both political and mill- inry, have occasioned some ner- vousness in Jocal circles, which is reflected in the. Share market. In a few instances prices have been marited down, and the market closed, exceedingly qulėt

and uninteresting.

JL.K. GOVT, LOANS: 4% 2m 3010.

* Loan (1974 & 12/01 100. 34 Jewn (1948) 1963.

BANKS1

JAA

H.K. A. Bank 1970.

ton, Re) £100%, £183. Chartered Bank Meruallle Bank A. & 11. £21 kin. "Stark of East Axin 142h..

INSURANCES)

Canton I. 2800,

£170.

Ulun 1, 245, 750x. Chinu Drderwriteru 6,MON.

1.K. Fire, 2x0n.,

SHIPPING).

Douglasen 2870

H.K. & Ms Stensrusia 11166, Indo China (Prefi). Dân,

(Def.) 284.

Shells (Bearers 168-n.

talen Waterboats 31.

DOČKA, WHARVES, GODOWNS, Elc.t

... Wharves (Old) 111n,

(Now) 1320.

North Post What " I.K. Docks. 206, 3016#, 30an. Chin Struvlients in. Shanghai Dockyarda 10!gn,

Canton remittances went MINING" from 164 cents to 20 cents, and Shanghai remittances from 14 to

cents..

15

Gold spurted to HK$310.56' a tact, after opening at $307, but full back to $307.37% of the close. were higher at UIS dollars HK$5.28%.

HK$0.80, Piastres opened at dropped to $0.65, and closed t

$0.75 100.

Ticals went.up to HK$26.50 100, and NEI Guilders to HK$33.20

100:

Sterling climbed

Tonight's Government release went on: "No galu ang: silver, a colns may be carried out of the country, except in the form of cents to HK$14.45, and Australian ornamental gold not exceeding pounds also rose

ย

the .form of HK$12.03.

silver not exceeding 20 ounces,

103

1050/51

1081/32

twe ounces,

14th Novembor

1052/54

108-1/14

2024/53

103-1/16

and in arta

1931/03

102.7/13

foreign exchange exceeding U8$100.

·Baflora lónda, Bri

148%

1024*

10174

25th November

Excter Bones, 1. 1963 100-13/16 Redemption Stork, 1%, 1996/98 0031 FOREIGN BONDS. -ferian Lemn (Dame), 76

·Jopnuče B2, 1307/47

10

LOADING FOR U.S. ATLANTIC COAST

VIA LOS ANGELES

sis. "DONA AURORA”-

1955/45

19670

1965/76 +

THE DE LA RAMA STEAMSHIP CO., INC. Jappear bef: 1024/2012 184

· (incorporated' in the Philippines)

MARINA HOUSE Tels. 23670-22678.

CHINESE SHIPPING OFFICE Tela, 23788-20163

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

M.S. "KAMBODIA'

Loading 18th/19th 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.oli in bulk

S.S. “NIKOBAR”

Loading about 27th November

for

ADEN, PORT SAID, TANGIER, CASABLANCA, ANTWERP, ROTTERDAM, HAMBURG," OSLO,. GOTHENBURG, COPENHAGEN & GDYNIA

·THE EAST ASIATIC CO., LTD.*.

'Queen's' Bldg., 2nd floor,"

Tel, 34111: & 34112;

CHINA MERCHANTS S.N. CO.

18 Connaught Road Woot'

SA LINGS

S.S: "YEN KAI"

Salgon

Halphong

„S.S. “HAI TAI”...

Telephone 8103a

(With Passenger Accommodation).

Nov. 15. Nov. 16

•Tao, Mańkow 4 Tiantain acceptable....

Cargo:før

on through: billa” of fading,

For full par

please apply to the above,

Ja B. Manchurian BANKB1

1929

Charter Bank of LA, a ri, 32 Hong Kong & Shengbal Blank 1831 Marcantile Bank of India "A" 211 CHINESE EXTERNAL LOANB: Tintin-l'ukow Hailway, 5 Lang-Taing-U-kla$ Rly»., 5%, 1913 Brock. Loans, 56%, Lon, Imue, 1913 18 Cylep Coast, 56, 1912. A..............

Bukuang Raliwayu, B. 1011.. Ednan Hallway, G(5, 1965 .... Shangbai Nanking lys, 6 to. Kowloon Canton, Kellware, $%.

Sterling, tonyla “

גן

感

10

12 ----Router.

Notice To Consignees

not

"Persons carrying gold, silver and foreign

Into the currency country may, according to their Wishes, exchange them for. Gold Yuan notes or coins at stipulated

1

another

20

two cents to

Notice To Consignéps

CONSIGNEES, PER

S.5. "OCEANSIDE”

Raub Minex Gym .H.K. Minem .0354.

.T

LANDS, HOTUŁs a nuILDINGS:

It. & B. Hotels 158. *J.K. Lands 720,

Bhang mithe '5,900. Humphreya K. R!«.) 171⁄4n,

(Right) 7.10.

Chlume Exintre 170. Hongkew, Wharres 24m. PUBLIC- UTILITIESAN

UK. Tramways 201⁄4n. Penk Tram (Old; gin.

¡New Itn. Star Ferries 136b.

C. Lights (011) 22,108, 22.40/22nd,

(New) (9.1%) 21b, 31.40ms.

(New) (P. X'd.) 18a.

2.K. Eletrics 30.

Maran Electrica 24%ḥ, talán

Sandakan Light

Telephones - EKU,

Shanghai: Gen O1⁄2ru -INDUSTRIALSL.

15.40m..

Cald. Macz. (Dr.) 28. Canton Stre în Cement .40%

41%

HK. Ropes 20,408.

rates, or use them to buy United are, hereby, notified, that their Brones &c. States. Dollar bonds of 1947, or

be

deposit them in designated banka, cargo is being discharged into With the exception of the the Hongkong & Kowloon Wharf Central Bank of China, no Chi- & Godown Co.'s godown, where nese or foreign banks, unless ap. it will be at Consignees' risk pointed by the Central Bank, may and subject to the Whart's convert, buy or sell, gold and terms and conditions of storage, silver coins, or foreign currency."[and: where delivery may --Reuter.

obtained.

Damaged packages are to be

Godowns left in the

for examination by consignees and the Company's surveyors, Messra. Goddard & Douglas, at 10a.m. on 13th November, 1948.

Natico To Consigneos

8.5. "CHAKDANG" A From Calcutta/Strälts/Saigon Arrived November 9, 1948

}

- Damaged cargo ex this vessel will be surveyed in the pro-Bonded Warehouse Regulations To comply with the General mises of the Hong Kong B CONSIGNEES PER BARBER-Kowloon Wharf & Godown Co. consignees must have a Re

venue Officer in attendance WILHELMSEN LINE. Ltd. between the hours of 10 when damaged dutiable goods

um. and 5 p.m. on Monday, M/V "TAI SHAN"

are examined. 15th November 1948. Con-

Dalry Farm (Old):47

~ (News +48n.

Watsun (Old) con

(Now) B."

L. Crawford (X; Rta.) fin.

turt. (1lizhtm) 18, Bincares 3p.

China-Emporium düb. Bun Co. Ltd. An Không Bang Moni 146n. Wink On (..) .. wm. Powell, Ltd. 11n, MCELLANEOUS wote China Entertainerente (253) Di 11.K. Constructiona (Old)' BH.

it (New) 41⁄4n. Vibros (Qld). 186.

(New) 2¢b, Maman Invoktiberita Ansane Mayaman (H.K.) 15. Shishai Loan

COTTONS:

Evos 18.50%, 18.20

I. ETC COMPANIES,

Àrtglo-Javna ÷ 63⁄41⁄2μ = Cheng Hubbare $200. Consolidated-"Rubbbis 251⁄2n,

li Dominión "Rubbers 2n. "Kota: Bahrom- Înai

Rubbere.In. " Rubber Truste

Fadas

Bimagina Holberà 1,100. Khanghai Pahane In. Tanah Merahe ̧,900, Tebony Rubbera” „60s. Zlaube "Rubbere On.

are hereby notified that their signees are advised to have No claims will be admitted cargo is being discharged into their Representatives present after the goods have left the steamer's godowns, and sil the Hong Kong & Kowloon during the Survey.

goods remaining undelivered Wharf & Godown Co's godown

Consigneca are warned that after the 14th November, 1948 where it will lie at Consignees claims for damage or shortage will risk and subject to the whart's may not be accepted it the

be subject to rent. All claims against the terms and conditions of storage, damage is not surveyed, by and where delivery, may be Messrs. Goddard & Douglas in steamer must be presented. to

presence of Consignees the undersigned on or before HOLIDAY IN US

obtained.

the

Damaged packages; are to be Representatives at this ap-the 22nd, November, 1042 or lefting the Godowns for ex-pointed time amination by Consignees and Company's surveyors, Messrs.

Goddard & Douglas at 10 a.m.

on November, *13.

:

com:

New York, November 12. i Domestic, security., and modity marketsz werd closeliye -5 › terdný«id observance of Armis.

tice Day.

they will not be recognised.

No. Fire Insurance will be JARDINE, MATHESON effected, jak j

.&. CO., LTD.

DODWELL & CO., LTD. General Managers, -

Agents. viz

* Co., Ltd,mit

To comply with General Indo China Steam Navigation Hong Kong, November 9, 1943, Bonded Warehouse-Regulations consignees must have Re venue Officer in attendancoj when duriged dutiable goods are examined.

Na claim will be admitted after the goods, have left the steamer's,godowh, and all goods remaining undelivered after. the November 14, 1948. will be subject to rent.

All claims against the steamer must be presented to the indér- signed on or before the Novém-; ber 22, 1948 or they will not be recognised,

No Fire Insurance, will bo effected

Dodwell & Co., Lid

Agents. Hong Kong, November 8, 1040.

- Markotā :: In Canada were elossk for Remembrance Day

while those. in Europe oporated

ag usuni-Associated. Press.

Pacific For East Litte, Inc.

Fast Regular Trans-Pacific Service

SAN FRANCISO0, 108 ANGELES

magnakan janja. OVERLAND.. **NEWYORKCHIDAGO DETROIT-TORONTO, MONTREAL AND ALL AMERICAN CANADIAN UITIEK.. TENTATIVE BAN FRANCISCO/LOS ANGELES TO EDNO, RONⱭ SCHÈDULA

Baile Bar

days after the÷atsthe

SA

INDIANA DRAMME FLYING-DRAGON"

"Airtres" [long"Yong"

20-21 daya İster.

\TIVE: ZONG KONG TO SAN "FRANCISCO/LOS ANGELES SCHEDULES"

#3DPLIN: VICTORY**'

· Arrives · San Francisco

21 days later İNSA 21: days later

KUIGERATION #DRY CARGO * CARGO OIL TANKS

cerita." UNITED GTATOS LINBO-GO-Qusong+2]

8.8.

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

“FREDERICK LYKES”

Loading For MANILA & CEBU.

· NOVEMBER 15th

Limited Passenger Space Available..

St. George's Bldg.

Tel. Now, 28172 /28178

Vnerican Pioneer Line

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

"TIONEZE BAY"` ... “STAG” 11OUND"

*PIONEER BAY" "STAG HOUND"

Sailings to Manila

Nov. 17

Nov. 30

Nov. 18

q. Dec.

1

SERG

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

"TIONEER TIDE"

"PIONEER BAY" "STAGHOUND"

-Special Cargo Oil Tanks-

·

Due Nov, 13

Due Dec: € Ino Dec. 17

Salla. Nov, 15 Salla Deo. Balls Dec:

18

For Full Particulars Call

สงส

UNITED STATES LINES

QueerBuilding,

Company

Tel. 81251 (3 lines)

BENDLINE

ВЕТР

5.8. "BENNEVIŠ” 8.S: "BENARTYVET. 5.8. "DENVRACKIE“ 5.9. "BENLOMOND"

SHIP

*S.8, "BENARTY” 6.3, “BENNEVIS”, 8.8. "BENVRACKIE”. 8.6. "BENLOMOND"

Calls at Genoa

ARRIVALS

глом

-DUZ

Late Nov,

Early Dec.

U.K.

End Deo, Mid-Jan.

SÄILINGS

TO

Aden, Port Said.

London, Antwerp,

End Dec.

Rotterdam,

Mid Jan.

End Jan.

Hamburg

For Further Particulars, Apply To-

LOADING

Mid Dec.

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

Kork, Ballding.

Agents

Telephone:: 34XED.

KLAVENESS LINE

ms, "CASTLEVILLE”

SAILINGS

M

DIRECT TO VANCOUVER AND TACOMA

.Loading ARRIVALS FROM PACIFIC COAST

Arriving Due

Dece

3rd Dec ,24th Dec. PASSENGER ACCOMMODATION. BULK OIL TANKB

M.S. "CASTLEVILLE”. MS. "ROSEVILLE”"

Chinese Freight Agents.

HOO FOOK FING THE BANK LANE (China) Ltd.

Apply:--

THE BANK LINE ----(CHINA) LTD. *-- King's Building.. Tel" 2779)

VASTEST DAILY SERVICE TO AND, FÌOM” MAÇAU

T.S.S. "MERRY MOLLER”

Lesylog Bang Kors 10 Leating Macau ·

Dall

from

2.13 p.m. Daily

Timos subject to alteratiea' without noties

MOLLERS (HONGKONG) LIMITED