1948-12-21 — Page 11

THE CHINA MAIL, TUESDAY, DECEMBER 21, 1940.

Business Methods

BUTTERFIELD &SWIRE Undergoing A

Agents: CHINA NAVIGATION CO., LTD.

"SZECHUEN"

SHENGKING“

"HANYAN

"HUNAN"

"POYANG"

"ANHUI“

"FENGTIEN"

“HIÊNG N

SAILINGS TO Singapore & Penang.. Shanghai Swnlow

3 p.m. 21st Dec.

4 p.m. 21st Dec. * 3 p.m. 22nd Dre. Shal, iurbon & Pusaa 4 pm, 22m1 Dec. Swatow & Bangtok 3 pon, 23rd Dre. Anjoy, Swalow, Huiow

Małgon. Singapore Penang & Belawan .. Singapure, Diacannur,

Sourabaya & Batavia Shanghai

* Baile from Castolan Whart

"POYANG"

ARRIVALS FROM

Japan

"FENGTIEN“ "NEWCHWANG"

"SHENGKING“ "AUPEN"

"FATSHAN"

"WUSUEI"

Singapore

Bangkok

Shanghal & Keelung Tientsin. Inchon &

Pusite

RIVER

SERVICE

5 p.m. 23rd Dec. *

28th Dec.

Revolution In U.S.

Washington 'December 20. There is ovidence that the American business world is undergoing something of a revolution, The evidence is being piled up by a joint Economic Committee of the Senate and House of Repre- sentatives.

4 p.. 31st Dec. *

It is the

21st Dec. #2nd Dec. 23rd Dre.

3. 29th Dec,

# Der.

Arrives from Canton 10 a.m. 21st Dec.

Sails for Canton 0.30 am, 23rd Dec. Sails for Macno 2.30 p.m. daily except Sundays. Arrives from: Macão 6.30 am, on Tuesdays,

to Saturdays & 5.45 p.m. on Sundays,

Agents: BLUE FUNNEL LINE

*ATHEUS"

"AGAPENOK'

"AENEAS"

U.K. SERVICE

Arrivals from

U.K. vla Straits

Sallings to

In port

26th Dec.

"FANTAL18"

30th Dec, Nik, Jan.

"GLENROY**

"Liverpool via PortSaid

29th Dre.

"AGAPENOR”

-Liverpool & Glassgow via Port Sald

7th Jan,

NEW YORK SERVICE

Arriyals from

USA, via Manila & Shanghai

*RUJEXENOR"

"MEMNON"

USA, via Mandia

2nd Jan. 15th Jao..

Carriers option to proceed via other Ports to Joad &ülscharge Cargu.

Agents: Australian-Oriental Line, Ltd.

Sailings to

"SOOCHOW"

Sydney, Melbourne &

Brisbane

4th Jan.?

Arrivals from

* "CLAN URQUHART" Sydney

"SOOCHOW

Sydney, Brisbane & Manila

28th Dec. 28th Dec

Australla

5th Jan.

"PRODUCE"

All The Above Subject To Alteration Without Notics.

General Agents fort

Booking Agents for:

AUSTRALIAN NATIONAL AIRWAYS, CATHAY PACIFIC AIRWAYS, SKYWAYS (PAR EAST) LTD. B.O.A.C., C.N.A.C., H.K. AIRWAYS, P.O.A.S., P.A‚A., P.A.L. and N.WA.

For Passage and Freight Particulars Apply To The Above.

**Brunch Offic

CONNAUGHT ROAD, CENTRALIZE

[30331/8;Privatë EkeliongeŠKA naght Rd.””Wä Telp? 25876/321447 21878.0

THE DOUGLAS STEAMSHIP CO., LTD. S.8. HAIVANG 12.

SAILING TO SWATOW ONLY SUNDAY, 26th DECEMBER

FROM DOUGLAS WHARF

Subject to alteration without Notles.

For Particulars of Freight & Passage, Plesso apply to:-

DOUGLAS LAPRAIK & CO.

General Managers. .

P.&O. Building, 5th floor. Tel. No. 81281

OF

CHINESE SHIPPING DEPT.

20 Connaught Road, Central. Tel. No. 24639

HONGKONG / MACAO

DAILY SAILING

T.S.S. "CHEUNG HING"

FROM HONGKONG

5.00 P.M.

TUNG ON WHARF

FROM MACAO

10.30 A.M.

No. 18 WHARF

Further Particulars Please Apply!--

TA HING Cỏ. (H..) Ltd

St. George's Bldg. Tel: 31288, 31289 Bubject to Alteration without Notica,

into this

forced growing practice [ness has been among corporations of using method of financing by a timid more and more of their profitnvesting pubile, uncertain of the ❤ to pay for new plants, new equipment and other expansion els.

Lass and lesa, experts argue, is business dependling on stock and honil sales in fnance growth. The Poresummer in footing a major part of the bill of multi-million dollar post-war expansian.

future.

think

Labour Idea Labour spokesman business should cut prices or ralke wages Instead of putting profits back into business. Nelson Cruikshank, econo- Stockhold-mist for the American Federation ms are getting, a slice of the pre-of Labour, estimates business t

t, ut not the big shen

depending upon profits to furnish One report given to the Com- 70 per cent of its new capital. It ties extimates that business mens, he said that business

Gorrowest US$4,200,000,000.

wear,

settlig: its new capital from the pubile without an added obliga- tion of paying interest ar divi-

ends.

Ex- The Securities and Charge Commission says businesa has spent US$18,000,000,000 this the fa new plants and equip- miral.

"Undoubtedly

A

in

Right Or Wrong

revolution financing accurred

E. Bald Beymour Harris, Harvard University

FOR

methods,”

Economics Professor. Whether this use of profits right or wrong is a matter of de- Labeau Union spokesmen my it is wrong." Bosness leniclers say they are using the only soundt way of meeting demands of the trople and government for mo productum

Ununci 11. Sichter, another Harvard economist, læviseven basis

BATA TRADEMARK TO GO?

mut

Starvation Threat Facing The World

Barnstaple, December 20.

Sir Harry Shawcross, Britain's Attorney General, warned today unless nations co-operate, the world might face a grim danger of starvation.

He added: "And if the world starved, chaos and anarely might follow.

"The world will starve unless all the nations, putting aside war, saverally and collectively, pursue an aggressive agricultural policy to bump up food production,"

Britain will try to increase her annual agricultural output by 20 per cent within the next four years, he said.

Associated Press.

Leftist U.S. Unions Present Threat To National Security

Washington, December 19.

The House Labour sub-Committee today alleged that the CIO United Electrical Workers of America is dominated by Communists.

of the United States.

1

Stanley 1 Ruttenberg, econo- It called the situation a serious threat to the security mist for the Congress of Industelul Organisations, ends this use of profits a dangerous monopolistic practice. He argues that in effect

mitest number of people are controlling more and more busi- mess operations through this me- thod of financing. Ansoclated Press,

A report released by the sub-} "It in mostly composed of mis- Committee chufemun, Repre- gulded but intelligent

zealots who would sentative Charles Kersten, called sourceful

civilisation flood the

اره

the American Commununist Party (break the dyke

let barberler o sinister apparatus eontrolled fand from abrood.

world," said the report,

Dollar Deficits In Aid Plan

London, December 19.

The first draft of a report to Washington from the

office of the European Economic Co-operation Commission shows o deficit of US$1,000,000,- 000 in the European Recovery Aid Programme of 19 participating nations.

Prague, December 20, s

Bala, The name of Jan

whe founded Czechoslovakia's giant shoe, feather and rubber industry during the fret Republic after 1918, is to disappear, the news- puper "Svobodné Sinya" any.

This does not mean that the ↑ In simple terms, it means that minde The new name was known. The newspaper said the American taxpayer in 1952 will at the present rate, the parti- name had lost its old advertising be called on to dig down for cipating nations are buying 10 value, rival concerns outside the US$1,000,000,000. bul 11 does much more from dollar sources country used the same and maily mean that if the deficit is not than they can sell to them that thal Surget Russia, now the coun-

within four years they will find try's largest single purchaser of reduced by then, the United shines, dues not insist on the use States will have to decide whethemselves as having consumed

subsidise US$1,000,000,000 of the trademark Bata-Asso-ther to continue to

of Europe or liquidate the Plan.

what they can supply to dollar nations..

cinted Press,

REBEL ABDUCTION

•

ON INCREASE

Athens, December 20.

The largest number of persons ever abducted in a single guerilla raid were taken from Narbitsa

a week ago.

U.S. Ship Tonnage Up

is

Washington, December 19. America's merchant feet nearly 50 per cent larger than

it was before the

war.

the

This is according to office figures published today.

The General Staff announced that 980 persons had been ab- ducted. In addition. 34 civi- lians were killed and another 107 wounded.

The announcement said that 42 and 91 soldiers were killed wounded while 32 wore missing,

The General Staff said that 175 Joint Committe for the Ameri-bodies of guerillas were counted can Merchant Marine reported and 26 ruerillas were captured. Loday.

The Committee sold there were now 1,516, sengoing vessels plying the seas in American trade, com- pared with 1,092 1030, Today's ships total 17,300,000 deadweight ions against 0,300,000 1938.

tous

In

wp-

The beginning of large-scale operations in Pelepennesus peared Imminentias a change in command was announced.

excess in

At that point, the United Sintes will have to decide whether sim- ply to let the programme go bankrupt or to take further measures to bolster Europe.

The report is being circulat. ed confidentially among top officials of the various nationa Involved prior to submission to the roving ECA Ambassador, Mr. Averall Harriman, and to the United States Congress.

The report makes several re- commendations, including in- creased exports of wheat and steel from France, higher pro- duction of agricultural products from other countries, integration

European of

Industries greater mechanisation in fields. United Press.

P&O B.I. E&A

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

OUTWARDS

"DILWARA"

24. "CANTON"

a "CARTHAGE"

*sa. “CORFU”

"CANTON"

La "CARTHAGE"

***CORFU

PASSENGER SERVICE

LEAVES LONDON

alled

walled

11th January

Erd February

10th March

Kb Apell

Brd May

DUE HONGKONG

Ist January

19th January

18th February

* March

11th Apr

0th May

8th June

Via Southampton, Port Said, Aden, Bombay. Colombo, l'esaur à

HOMEWARDS

"LWANA”

*. "CANTON"

4. "CARTRAUE*

L. CORFU

****CANTON"

1. "CARTHAGE"

A. "CORPU“

Singapore.

LEAVES HONGKONG

DUÈ LONDON

9th Feb. (Bton>

- 21st February

0th January

That January

19th February 14th March

15th April

18th May

Dsh June

21st March

J6th April

18th May

18th June

11th July

Via Singapore, Penang, Colombo, Bombay, Aden & Port Said.

"SOUDAN"

and re-

* "BURAT**

A TREVEAN"

M.A. TERVANIGN"

Stating that the Communist Party seeks sources of power that can paralyse Americu, it suld The Party had guined a strong} foothold in one of the nation's most strategic Industries--tlie! (alexdrical Industry.

The report said that the Com- munists had seized control of the National Office Executive Board, paid staff at newspapers and, a number of District Councils and Locals of the CIO Electrical Union, the largest in the elec trical industry.

National Defence

Noting that

many products of the electrical industry re- late to national defence, it said, "The

above facte taken to- gether, coralliute

serloun 2 threat to the security of United States."

the

The Electrical. Werkers Union is the largest of the CIO Left Wing Unions, with a membership of over 600,000. The CIO Pre- sident, Philip Murray, has not tried to purge its lenders as he has those of other Left Wing CIO aliates,

the

National CIO lenders believe electrical group's officers ore not actually Communists and can be won away from Left Wing leanings.

In addition, the Union's 10p officers were overwhelmingly re- elected in October,—United Press,

WORRIED-BY-NEW- MACHINE

Pittsburgh, December 20. The cool industry is wondering what effect a revolutionary new Continuous mining machine will and have on production and markets. many

The US$50,000 maching dumon- strated last week ellminates drill- Ing and blasting by ripping out coal at the rate of two lons # minute and loading it into hopper cars in one flowing operation.—— Association Press,

SHIPS COLLIDE IN MERSEY

The First Division Commander,

London, December 20. Major General Penzopoulos, wus

The 3,459-ton Swedish motor appointed successor to, Major General Tsigilonis as military vessel, Kajtum, bound for Nar- vik, collided today with the The Commities, sponsored by governor of the Pelepennesus, nearly 3 segments of shipping According to official figures, 1,088-ton Danish steamer Harald Mersey according to a approximately 3,000 in the manngeminit and labour, reported there are

Lloyds message,.... that I placed the total merchant guerillas in the Pelepennesus, Reet at 1,585 ships 1.232 privately- Troops have been moving into

wned and 375 others.-United the Pelepennesus during the past; Press,

weeks.—Associated Press,

INDIAN WOOL FOR AUSSIES

1

A "BURAT

****TREVELYAN"

m. "SOMALI"

FREIGHT BERVICE

dur 22nd Dec. from Japan & Shanglix!, malla 24h Det. for London via Giralte,

Colombo Continent, ปป 2nd Jan, from Landon & Collant vin Breite. sallo Rich Jan, for Bhanghai & Japan,

Bih Jan. from London & Continent due

vi Strait,

Penast. sulla 12th Jan, for Bingspatr

Columbo, Bumbay, London

• Continent

salle 26th Juo. for Lunden & Continent

vin Stral Colombo,

du arly Feb, from London & Continent vin Hiralce,

due mid Feb. from Landon & Continent Tim Atralia, "BOUDAN" is fitted with DAINOLD and"SURAT"' and CARGO- GAIRE rentiation systems, and bold i have space for REFRIGERATED estzo and oil in bulk.

BRITISH INDIA S.N, CO., LTD.

"ANGOLA” (Apear Line)

. "BIRDHANA” (Aptar Line)

"EHIRALA" (Aptar Line)

. "IRDHANA”

{Apcar Line)

"BEIRALA”

(Aptar Line)

dse 30th her, frum Japan ▲ Amory,

andle 2nd Jas, fur

Beralta. Rangoon, Madra Calcutta, 4th Jan, Frum Calentia via Rangoon

'Streita,

due

sails th Jan. for Amay, Japon A Shaza

hal due 17th Jan. from Calcuits via Hangvon

Birali.

saila 2011 Jan. far Amoy & Japan. dua Bird Jan. from Japan, Bhangbai

Asnoy.

Rangoon ·

ali 26th Jan."for Bireite.

Calcutta

due 6th Feb, from Japan & Amoy. anila 11th Feb. for tralia, Rangoon

Calcula

All these ablam Dave Refrigerated Oured space.

EASTERN & AUSTRALIAN S.S. Co., Ltd.

"NELLONE***

"NANKIN"

• Accepta

sium Bist Dea from Japan.

salle 2nd Jan, for Rabaul, Brisbane,

Sydney & Melbourne,

Australia In loads In New Zealand &

January for Hong Kong, Shangha! & Japan. cargo for New Zealand and

F Islands Porta

For full particulars apply to:- MACKINNON, MACKENZIE & CO.

Telephone Nos. 27721-4,

ISTHMIAN. LINE

....(Isthmian Steamship Co. of N.X.J

ARRIVALS FROM U.Š. ATLANTIC COAST

aa. “STEEL MAKER"

Discharging 7th Jan. SAILINGS TO U.S. ATLANTIC COAST via PANAMA

Melbourne, December 20. Australia, the world's greatest 5.8. "SANTA CLARA VICTORY” .................. Loading 29th Dec. wool.growing country, Is Import- The Koltum had two plates ing wool from Indin-about 2,000 98. STEEL SEAFARER" on the starboard side dented and bales annually,

| 8,9, “STEEL FABRICATOR" the Harald was damaged for- It is woven into carpets so that ward and has taken water. Both foulmurka will not show.-Asso- ships will be docked.-Reuter. ciated Pres.

British

India

for

Loading éth Feb. 28th Feb.

HOUSTON, NEW ORLEANS, NEW YORK, BOSTON AND BALTIMORE

For further particulars apply: ---

GILMAN & CO., LTD.

Agents.

Tol. 31144 Chinese Freight Agents

* HIN FAT & CO., 'LTD.

Tels: 28823, 28553 & 28183

HOLLAND-EAST ASIA LINE

S.S. "MOLENKERK"

Manila,

LOADING 3rd JANUARY

FOR

Singapore, Aden, Sues, Fort Sald, Alexandria,

Genos, Marseilles, Antwerp, Itollerdam, Amsterdam, Hamburg,

Copenhagen, Gothenburg & Oslo.

TANKS AVAILABLE FOR OIL IN BULE.

ROYAL INTEROCEAN LINES

Incorporated in the Netherlands na Koninkiljka Java-China-Paketvaart Lijnen, NY.

Amsterdam

King's Building, Connaught Rond.

Tel.: 28015, 28010, 280177

Jeck reang

fre wish all their Customers the Compliments of The Season

Biscuits on see at all the leading stores

STEAM NAVIGATION CO., LTD. M.S. "SANGOLA” (Apear Line)

Loading from 30th Decombor for:---

SINGAPORE, PENANG, RANGOON, CALCUTTA and CHITTAGONG

:

also accept cargo on through Bills of Lading for:

MADRAS DIRECT or via SINGAPORE

· and

BOMBAY, KARACHI and PERSIAN GULF PORTS

GVÍT SINGAPORE or CALCUTTA.

MACKINNON, MACKENZIE & CO.

Agents

| P. & O. Building," Hong Kong,

Tol. 27721 (4 Lines).

The SWEDISH EAST ASIATIC CO., Ltd.

M.V. BENARES M.V. BATAAN

ARRIVALS FROM EUROPE

Discharging SAILINGS. TO EUROPE M.V..OLUF MAERSK ........ .Loading M.V. TONGHAI

For

In Port

Jan.

fran

Liv,25th Jan. ...231.4th Feb.

And est

ADEN, GENOA, MARSEILLES, CASABLANCA, ANTWERP, ROTTERDAM ́(AMSTERDAM), * HAMBURG, COPENHAGEN, OSLO, GOTHENBURG` 'AND'

KARLSHAMN

For further particulars, apply's-Re

GILMAN & CO., LTD.

"Agents,

· Tel. 01146.