1949-03-21 — Page 11

THE CHINA MAIL, MONDAY, MARCH 21, 1940.

BUTTERFIELD & SWIRE

Agente: CHINA NAVIGATION CO., LTD.

"TSINAN"

SAILINGS TO

Swatow

"HEINRICH JESSEN" Singapore & Penang 10 a.m. 22nd Mar.

"FENGTIEN"

"TSINAN"

"HUPEN"

"PRODUCE

•

"POYANG"

"FUKIEN"

3 pan. 20th Mar,

Shanghai (Yokoliama

Kobe7)

4 p.m. 25th Mar.

10 am, 27th Mar.

Swatow

Shanghai

Yokohama & Kobe

Bangkok

Singapore, (Macassar.?) Bourabaya & Batavia

Bails from Custodian Wharf

1

"FENGTIEN"

"THINAN"

"HUPEN"

"PRODUCE“

"FATSHIAN"

ARRIVALS FROM

Java & Singapore

Swałow

Shanghai & Keelung Bangkok

RIVER SERVICE

Hongkong/Canton

DEP. Hanghont #p.m. 24th Mar.

4 p.m. 28th Mar.

Jint Mar. 4th April

7th April

22nd Mar.

Ba.m.23rd Mar.

20th Mar. 28th Mar.

Canton Hongkong ARR. Hongkong

7.30 a.m. 21st Mar.

Agents: BLUE FUNNEL LINE

SCHEDULE SAILINGS TO LIVERPOOL

"ÁSTYANAX"

via Aden & Port Sald.

"CLYTONEUS”

via Tangier, Casablanca & Hayto via Genon Marseilles & Glasgow

8th Apr. 24th Apr.

Arrivals from

"TITAN" "ASTYANAX"

U.H, via Straits

29th Mar.

1st Apr.

"TYNDAREUS“

*EUMAKUS".

"CALCHAS"

U.K. via Straits & Dianila U.K. via Stralis

8th Apr.

14th Apr.

"STENTOR"

20th Apr.

"AGAMENNON"

3rd Apr.

21st Apr.

NEW YORK SERVICE

Arrivals from

U.S.A. via Manila

Carriers option to proceed via os her Perts to load and discharge

cargo.

Agents: Australian-Oriental Line, Ltd.

Sallings to

"SHANSI"

Sydney, Melbourno

"CHANGTE"

& Brisbane Japan

26th Apr. 4th week Apr.

Arrivals from Australia & Manila

Austraila

19th Apr.

3rd week Apr.

"SHANSI" "CHANGTE"

All The Above Subject To Alteration Without Notice

General Agents for:

Booking Agents for:

AUSTRALIAN NATIONAL AIRWAYS, CATHAY PACIFIC AIRWAYS, SKYWAYS (FAR EAST) LTD, 8.0.A.C., G.N.A.C., H.K, AIRWAYS, P.0,A.9., P,A,‚A., PA.L. and N.W.A

For passage and Freight Particulars Apply To The Above.

1. CONNAUGHT Road, CENTRAL,

Telephones: 30331/8 Private Exchange, Brasch Ofice—50 Connaught Rd., W. Tels. 25875, 32141, 21878.

HOLLAND EAST ASIA LINE

S.S. "MELISKERK"

LOADING 28th MARCH

FOR

MANILA, SINGAPORE, ADEN, SUEZ, PORT SAID, ANDRIA, GENOA, MARSEILLES,

ALEX- ANTWERP, ROTTERDAM, GOTHENBURG

AMSTERDAM, HAMBURG; COPENHAGEN,

& OSLO.

Tanks Avaliable for Oil in Bulk

ROYAL INTEROCEAN LINES

Incorporated in the Netherlands as Koninklijke Java-China-Paketvaart Lijnen N.V.

Amsterdam

King's Buliding. Connaught Road.

Tels, 28015, 28010, 28017.

HONG KONG

-CANTON

M.V. "HONGKONG

船輪江香

H.E. DEPARTURE:

10 p.m. 20/3/1040

10 p.m.

10 p.m.

10 p.m

22/3/1940

24/3/1049

20/3/1940

TUNG ON WHARF

CANTON DEPARTURE;

0 p.m.

9 p.m.

21/3/1949 23/3/1940

0 p.m.

25/8/1940

9 p.m.

LUEN HING WHARF

27/3/1040

Subject To Alteration Without Notice.

Fambogor Tickets & Freight Particulars Obtainable At:

TAK KEE SHIPPING & TRADING CO., LTD.

AGENTS

136.__CONNAUGHT, ROAD CENTRAL (Office Hours, Tal, 28838, 27691)

·OR··

TUNG ON WHARF

(Bofors sailing hours, Tal. 3854KY

TAI CHING SHIPPING CORP, LTD

FINANCE

AND

BÁNK CHAIRMAN SAYS:·

CHINA MAY

COMMERCE

REVERT

TO ISOLATIONISM

U.S. WANTS

TO TRADE

WITH REDS

New York, March 19. The magazine "Business Week"

that reported today American businessmen in China. are impatient to make contacts in Communist China.

"They think that the longer they wall the farther ahead the British will get," Sartel.

In a comprehensive review of conditions in the Far Eatt, the Chairman of the Board of Directors of the Chartered Bank of India, Australia and China, says that perhaps China will revert to the position of isolation she occupied before the establishment of the foreign concessions. The Chairman, Mr. Vincent Alpe Grantham, in his onnual report for the year ended December 31 last, hopes, however, that the large number of hard-thinking and world-experienced men still to be found in China will eventually find a means of bringing relief to their sorely-tried fellow countrymen.

The bank's profit for the year | Annual distribution 12 per cent. under review was £467.111-- We now know the full position

of our

war-time abilities, al- an increase of £19,053 over the

though at the end of the year, in one or two places, the lawa gov- erning the position had not been Anally enacted. The provisions made to cover these special war- tim losver proved adequate. fully justifying the increase in the annual dividend for 1947, and permitting is 1948."

previous year. Mr. Grantham described the period as a year "So they would like Washing- ton to do something to case the of record-making figures.

"Last year I mentioned that we d feeling against the United States

were unable to include up-to-date in China. As for any specifle polity, they agree with the Secre-gures-for- Kobe and Yokohama Lary

of State, Mr. Acheson, that Agencies. During the year under review both these Agencies have the only thing to do is wait un

been re-opened for new business, til the dust settles,?"

but owing to the difficult condi- tions ruling in Japan our staff at tu Kobe has at been unable

the

#1

to

"Business Week" said State Department Think may have found somebody support in China in the per son of the new Premier, Gen eral Ho, Ying-chin.

und

complete returns for the period

to re-opening. "The layout the

of Soret nd Profit and Loss Account "Ho has a lot of thence in

for the year 1948 ban been slighi- Nationalist military circles, through him the State Departly altered to meet the ment thinks President i Tsung- jen may be able to knot together the Kuomintang into Government."—United Press.

Dew

Notice To Consignoos

S.S. "CITY OF ALMA"

Having arrived Hongkong consignees of cargo are hereby notißed that all gonds have been

On the LinbBlijes

n

Fixer

landed and placed at their risk £2,015.00s of £8,208,713 unel ] respectively while

continuance for

New York PO B.I. E&A

Stock Exchange

New York, March 20, Interest in stocks dwindled to the vanishing point yesterday. Price changes were conclusive. Prices averages were off slightly.

Of Bees traded, fi advanced, 198 declined. Only 250,000 shares rhang..

handa Attentie Cult and West In market excrution, dropping Ove to 01. Philco rallied to after dropping on Friday to a low for the year, Magnatox was down 13. The Markes finished the work with around $80,000,000 clipped off the quoted

Alufllated sharea.

DOW JONES AVERAGES:

Stocks 43.11.

en ww

20 Industrial 176.02.

15 Rain 47.7B.

10 31.05. CLOSING QUOTATIONS)

Adams Papa 18, Alaka Juneau 3. American Smelling 48%. American Telephone 145. American Tobacco BB, Anaconda Copper $1. Aviation Core, #14.

Baldwin Locomotive 11. Fatmadall 41. Bendix Avlation 14%. Bethlehem Bisel 11, Boeing Aircraft 28. Borden Co. D. Canadian Parie 113%, J. I. Case 24.

Chrydder 634.

Colente 33.

Commerial Folventa 17%.

Cor Profisrta 627%.

Du Pont INT.

Fastman Kodak 4546, Electric Light & Power 22%. General Electric

General Motors GD!4. Goodyear 425.

Homesiske Mining 17. International Harvester 24. International Paper 494. International Tel. & Tel. 94. Johns Manville $74. Mennecait Cupper 45. Montgomery Ward 50%, National Ballers 183. Nattens rad 30. New York Central 10%. Packard Motors, 4. Pan-American Alewato 0%. Pennsylvania RR 16. Radio Corp. 12. Republic Steel 24. Reynolds Tobares 18%. Schenley 20

Sears Roebuck 974. Shell Oil 141⁄2. Bocom

Vacuum 18.

Bouthern Facine $14. Standard Oit of Calif. 61. Landard 0 of N.J. 04. Union Carbide 29. UB Rubber 3.

t

Hong Kong Trade Its highly organised commer- cial and transport facilities pro- vide every opportunity for con- the Southern tinued trade with Bhlanec

Bovern with the Provinces but

in Kwang- business depression require-tung Province caused by pollent ments of the Companies Act, 1948.

and military uncertainties, the There is little change to be noted warehouses of Hong Kong are be- on the

the Liabilities side

side of the Bal

Bal- coming full of goods, still badly ance Sheet, but on the Assets side wanted by a customer unable to the various Items are presented and the means to pay for them. Úcen con- Certain business has In greater detail than hitherto,

cluded between Hong Kong and "This year we have again to

Northern Korea, which is deal with

is under record figures, the total

Communist

and no influence, of the Balance Sheet being £12,-

£138,421,141, doubt the ever-resourceful Chi- 132.342 higher at

dr this is; nese are also contemplating bar- ter business between Hong Kong mainly due to increases in Cur- rent and other Accounts and and a Communist China.

Geographienily, Hong Kong can never be replaced by a port In Its natural deep-water and expense into the godowns Loans Payable and Acceptances China.

between harbour is of the Hongkong and Kowloon on Account

unrivalled of Customers also Wharf and Godown Co., Ltd. show substantial increases.

Malaya and Japan, and its em- where delivery may be obtained "On the Assets skle Cash In ciency rivals that of any port in Hand und at Bankers shows a the world. Nevertheless, should as soon as the goods are landed.

decrease of £3,644,959 at £19,- its

its hinterland be eul off its future Na claims will be admitted 405,638, the ratko to our Call Lia- could be that of a fuelling and after the goods have left the bilities being 17.40 per cent. This repair slepot for ships and a small. godowns or failure to attend decrease is in some part offset by industrial centre for manufactures an increase in Government and saleable in world markets where Other Securities of £1,581,848 at cheap goods only are wanted.

£53,576,027.

prefer,

however, not to regard the Advances to Cus- tomers and Other Accounts show future from such a pessimistle

the an increase of £13,587,550, which angle especially as since is an interesting commentary on occupation, Hong Kong's entrepot the need for money in all parts of trade has been

extended Srently the World. The gure for Bal-in both range and capacity.

"Local conditions in iD48 were ance of Remittances, Drafts, elc.,

Transit shows a decreuse of unparalleled for their prosperity.

Bank Premises £214,103.

and trade figures being the largest in Furniture show a net increase of the history of the port. The aver- £195,465 due not only to pur-age person's standard of living chases of house property for our was said to be the highest in the staff, but also to initial expendi-Far East and literally everything no sterling available with which ture in connection with the en-

procurable, Was

at high prices to make immediate purchase of raw materials, the two. British largement of our Office at Singa-yei within the reach of the man

banks established in Japan, have the street.

provided certain, if limited, faci- "Chine: Questions of trade. are

of the Hitler to assist the working dwarfed beside the political con-

Agreement. Japan, being an in- sequences of a disintegrating ad-

without local ing dustrial country disappearing ministration and a

raw materials, must necessarllý currency. Perhaps China will re- vert to the position of isolation buy them from abroasi, chiefly the and sterling it occupied prior to the establish- Sterling Area,

fund of large dimensions

the survey.

and

All broken, chafed damaged goods are to be left in the godown where they will be examined in the presence of Messrs. Goddard and Douglas on the 21/3/1949 at 10 a.m.

To comply with the General Bonded Warehouse Regulations, consignees must have a Revenue Officer in attendance when examining damaged dutiable goods. All claims against the vessel must be presented to the Undersigned witihn fourteen days of the ship's arrival, or they will not be recognised.

No fire insurance will be effected.

WALLEM & CO., Agents.

Telephone 34177-8,

Notice To Consignees

Consignees Per STATES STEAMSHHP*

COMPANY

S.S. "OREGON"

are hereby notified that their cargo is being discharged into Kowloon the

Hongkong Pr Wharf & Godown Co's godown where it will be at Consignces' risk and subject to the whart's terms, and conditions of storage and where deilvery may be obtained.

วท

pore.

"The Profits for the year after providing for Taxation and after making allocations to con tingency accounts, out of which accounts full provision has been made for doubtful debts, are £467,111, a

a increase over those

have

In

rc-

UB Bel 12 %.

Un Liner 14. Westinghours 2476. General oblic Utilities 14.

-Associated Press.

and the Sterling Area, In force for one year from July 1, 1948, towards the was finally signed end of the year. The finance of a balanced trade of about £25,- 000,000 either way in 12 months to be a as agreed, has proved to problem of some difficulty.

"The Supreme Commander for the Allied Powers (SCAP) having

of last year of

of £19,063. Олсе ment of the foreign concessions, Ha

again

Wo

the National and then tha

will

experlanced ment to the position of Isolation have to be created if the country a self- higher Warking Costs in

it but I hope that the large number is to be put on its feet as a

There are supporting economy. World

world- parts of the Wo but these of hard-thinking and

Japan, have been

more than offset by experienced men still to be found other problems facing

ot however,

equai dimculty. the Increase in our business, in China will eventually find a "An Interim dividend of six means of bring relief to their Government expenditure is heavy Inflatiori, and must be curbed. per cent less income tax was paid sorely-tried fellow countrymen.

HAs far as this Bank is con- and

and the effects of Japan's war in October last, absorbing 299,-

economy have rendered. It impos- cerned the virtual extinction of sible to fix a rate of exchunge 000 and we propose, out of the balance available this year.

to

Currency Dollar

Gold Yuan has between the yen and foreign cur- pay a final dividend of six per cent less Income tax, making the resulted in an almost complete sencies.

"At the

moment practically. cessation of business, Our Tlan- tain Office has been to all in- every type of export would re

aquire a different exchange rate, tents and purposes cut off as a

and the adjustment of internal occupa result of Communist

With

of prices to those ruling throughout tion.

poulblity of

the world might cause temporary business, and without

A disorganisation if not chaos, means of assisting our trading

rate must be fixed, however, and friends we have temporarily

no doubt some attempt to do so withdrawn Our Officers from

will be made in the not too dis- Chungking and Tsingtao.. Qur

tant future. principal Onco in Chine, Bhanghai, is encountering the be of China Provident L. & M.

growing menace of national dis- Integration and

ponible stops are being taken to mini- miss

of the consequences

1.

Notice To Consignees

M.V. "PARRAMATTA”

arrived Hongkong Having consignees of cargo are horeby notified that all gouds have been landed and placed at their risk! and expense into the godowns

Damaged packages are to be Co., Ltd., where delivery may left in the godowns for 'ex-be obtained as soon as the goods amination by Consignees. andre landed, Company's Surveyors, Messrs. Carmichael & Clarke at 10 a.m. on 23rd, March.

No claims will be admitted after the goods have left the godowns or failure to attend To comply with General the survey. Bonded Warehouse Regulations a Ro- consignees must have venue Officer in attendance when damaged dutiable goods aro examined.

No claim will be admitted after the goods have left the all Steamer's godown, and goods remaining undelivered after the 24th March, 1949 will be subject to rent.

All broken, .chafed and damaged goods are to be left in the godown where they will be examined in the presence of Messrs. Goddard and Douglas on the 21/3/1949 at 10a.m.

To comply with the General Bonded Warehouse Regulations, consignees must have a Revenue amber. In attendance when examining damaged dutiable All claims against the sten- goods All claims against the mer must be presented to the vessel must be presented to the Undersigned on or before the Undersigned witihn fourteen 31st March, 1949, or they will days of the ship's arrival, or not be 'recognised,

they will not be recognised.

No Fire Insurance will be effected.

DODWELL & .CÓ LTD, Agents.

Hong Kong, March 18, 1949,

No fire Insurance will be effected.

WALLEM & CO, Agents, Telephone 24177-9. '

no

A

"To revive Japan, and It must remembered that millionM would starve without American- given food, foreign capital is er- sential. Japan cannot, within any measurable future, build up for-

poaltion' similar” Tientsin eign exchange from its own trad-

arising there..

Japan

Ing resources, and it remains to be seen how American ingenuity "Japan: The trade Agreement) will overcome a very real prob- between the. Occupying Powers lem.

"THE RITZ"

∙DINE and WINE

AT THE BEST SPOT IN TOWN.

BEST MUSIC

BEST DANCE FLOOR

BEST ATMOSPHERE

For reservation;

· 27680

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

PASSENGER/FREIGHT SERVICE

OUTWARDS

"CANTÓN”

* "CARTHAGE"

"CORU"

"CANTON"

ВА "САНТПАСК"

***CORFUM

LEAVES LONDON

10th March

7th April

Bril May

2nd June

30th June

28th July

DUE HONGKONG

21th April

9th May

6th Jane

4th July

1st August

29th Augtul

Via Bouthampton, Port Bald. Áden, Bomber, Dolamba, Fenans à

HOMEWARDS

** "CANTON"

na. “CARTILAGE"

** “CORFUM

"CANTON

· "CARTHAGE“

"CORFU“

Blogspore

LEAVES BONGKONO

14th Apri

10th Mar

9th Jane

4th July

Bih Angust

201 September

BUE LONDON

16th May

11 Jase

11th July

Bib Aurort

Lih Baplema ber

Ard October

Via Bingapore, Pensus, Colombo, Bourbar, Aden à Port Base.

TREVINCE“

FREIGHT SERVICE

il 29th Apr. for Atralin

1.4. "THEWELLARO” Due 20th Apr,

"AILLONG"

do Mar

Colombo,

U.. Continent from Londen & Continent. from Lundon Com tinent.

BRITISH INDIA S.N. CO., LTD.

A "BANGOLA" •

(Apo Liga)

"DAYBEAM"

MA "BIEDRANA” »

(Apsas Line)

"TAIKA"

(Aprar Line)

dhe Ziel Mar. * 24th Mar,

due and Mar, snila curly Apr.

tuo

5th Apr. anila 8th Apr.

due 14th Apr.

Bila 15th Apr.

* "RICHMOND HILL" due 20th Apr.

all 24th Apr.

"BIRALA”

due 23rd Apr.

(Apent Line)

MA "PURNEA"

all 26th Apr.

due end Apr. anila and Apr.

from Japan & Bhoorbal, for Stall, Rangon đ Calcutta. Accepts Chit- tagong Madrus estyo. from Japan a Shanghai, fur Singapore, Penang. Mudras, Dubey, Kara ehl and Perviks dalt. from Jupan & Shanebat. for Biral Reno & Calcutta. Accepts Chit. tagong & Kadras cargo. from Calcutta

Beralta,

fur Japan via Amor. from Bonbay &

bon,

Kany

for Japan (Far East/ Bombay Bervice).

for Calcutta via Etrafia, for Japan via Amoy. from DurmE.. for Japan Dombay Bervice).

• The ships have Refrigerated Cargo, EDROS.

(Far East/

EASTERN & AUSTRALIAN S.S. Co., LtL

... "EASTERN"

04. "EASTERN" •

due 22nd Blar, froth Australia & Hanlia. salis 24th Mar, for Japan ♣ Shanghat

(l'assenger accommodation avullahir.)

for salls and Apr.

Rabaul, Drisbane,

Hydney.

Melbourne

Adelaide.

• Accepta cargo on through bills of lading for NEW ZEALAND & YIN ISLANDS PORTS,

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

Telephone Nos. 27721-4.

The SWEDISH EAST ASIA Co., Ltd.

ARRIVALS FROM EUROPE

Discharging

M.V. HALLAND M.V. TAMARA M.V. OLUF MAERSK

M.V. HALLAND

SAILINGS TO EUROPE'

Loading For

16th Apr. 8th May Early Jung

....Early May

ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA, ANTWERP, ROTTERDAM (AMSTERDAM), HAMBURG, COPENHAGEN, OSLO & GOTHENBURG. For further particolars apply J---

GILMAN & CO., LTD.

Agents.

Tel. 81146.

ISTHMIAN LINE

(Isthmian Steamship Co. of NX.E

ARRIVALS FROM U.S. ATLANTIC COAST

6.8. "STEEL TRAYELER"

..... Blacharzing”10th ̈Apfë Balls for Saigon

Bangkok 10th Apr.

SAILINGS TO U.S.A. via PANAMA

1.8. "STREL CHEMIST** 6.6. "ALLEGHENY VICTORY"

for

Loading 21st Mar. 12th Apr.

HONOLULU, LOS ANGELES, HOUSTON, NEW ORLEANS, NEW YORK, BALTIMORE, PHILADELPHIA and BOSTON.

Deep Tanks Available for Balkoil For fursive particularu applyɛ==

GILMAN

Agents.

Chisels Freight Agents, HIN FAT & CO, LIT.

LTD.