1949-03-24 — Page 14

Page 14 731

ROYAL INTEROCEAN LINES

"TASMAN"

-and

Phasengel ang

-TJISADANE"

BELLTON JAYN TITERATUETE NETWORMEMOJE.

JAVA-CHINA SERVICE

from Manila

& Amdy. 28th March,

from Bhanghai“.

&Amo

27th March.

from Macassar

"TJIBADAK“

& Invaporta 2nd April.

#TJITJALENGKA”

from Macassar

& Javaporis 14th April.

·༣:་

to Javaports

d' Macassar

31st March.

to: Manila 28th March. to Javaports

& Macassar

14th April. to Shanghai 3rd April,

to Manila 12th April.

to Javaports

& Macassar

28th April.

to Shanghal

10th April.

to Masila

25th April.

to Javaporis

& Macussur 12th May.

ASIA-AFRICA-S, AMERICA SERVICE

Arrivals

TRAAT MALAKKA"

from Japan 31st March.

BOISSEVAIN"

STRAAT 60ENDA"

TEGELBERG"

from

& South Africa,

South America

Wh April.

from Japan

Sailings

to East & South

Afrin &

South America,

2nd April.

10 Japon

10th April,

to East & South

Africa &

South America,

30th April,

to East & South

Africa &

South America,

24th May.

THE CHINA MAIL. THURSDAY, MARCH 24, 1940-

FINANCE

AND

COMMERCE

INFLATION'S MAD PACE New York

CONTINUES IN CHINA-

Hong Kong Stock Exchange

Shanghai, March 23,.

High-speed presses are pounding and crashing day and night in this city in a mad race.tó keop pace with China's spiralling inflation. The Central Printing Press and the Chung Hwa Book Company, printing the new GY1,000 bills with which the Government hopes to relieve the critical cash shortage here, are working day and night shiffs,

According to Chinese press

The short session was devoid reports, these presses are cup-

of interest.

(H.K. GOYT, LOANSI

4 to $53.

3 out (1984 & 1940) 102.

Lan (394) 103.

BANKNI

11. Hank 1716, 172.

..). 1940, Chctured Back 215/11/165, M1 Hank A 24. Thank of East Anlu 231n. INSURANCES,

Canton ks, 270m.

Trion In

Tem

Chalan Underwriteen $14.

31 K. Fire Tus, #68%,

RIFFING.

Dengler 2120.

1.K. & M. Strumbents 1711⁄2n.

In China (Pests Pon,

21st May

from

to East & South

South America

i

1:

& South Africa, 20th June.

Afrin &

South Amerlu,

22nd June,

All Steamers Calling Mombasa & L. Marques Direct.

Transhipment cargo on through Bs/L to Usr-Es-Salaam.

Zanzibar accepted on all smilings.

SUMATRA-MALAYA-CHINA SERVICE

"VAN BELTSZ“

"VAN RIKMSDIJK"

Arrivals

from B. Dell

& Singapoto

28th March. from B. Dett & Straits

8th April.

Sallings

to Siraits

& B. Dell

4th April.

to B. Deli

& Straits

17th April.

Agents: HOLLAND-EAST ASIA LINE

'MELISKERK"

Tanks Available for

C in Bulk MARIEKERK"

"MOLENKERE"

"MEERKERK”

Arrivals from Japan 1st March,

from Europo

10th April.

from Europe

Early May

From Europe

early June

Sallings

to Europe vin Manila & Straits

Zud April,

to Shanghai

* Japan

12th April,

to Europe via

Manila & Straits, End April.

to Europe vin Mantia,& Stralts

Mid May.

to Europe via Munia & Straits Mid June.

Transhipment cargo on through Bs/I. accepted to Indian,

Mediterranean and Northern European ports.

Dffles Address: King's Building, Phones; 28015, 28016 & 28017

Tel. 81196 & 21533 Chinese Agents: 82, Connaught · Rd..

DE LA RAMA LINES

ARRIVING FROM U.s. Atlantic coAST VIA LOS ANGELES & SAN FRANCISCO

8.S. DONA AURORA'

my. "BENARES"

19th Apr.

28th Apr.

SAILING FOR U.S. ATLANTIC COAST VIA LOS ANGELES

m.y. "BENARES"

30th Apr.

5.S. "DONA AURORA"... (calis Shanghai & Japan) 19th May

THE DE LA RAMA STEAMSHIP CO.,

INC.

(Incorporated in the Philippines)

CHINESE BHIPPING OFFICE Tels. 23738-20153

MARINA HOUSE Tel. 23670-22075

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

M.S. "MANCHURIA"

LOADING ABOUT 5th APRIL

for

ADEN, PORT SAID, Genoa, ANTWERP, ROTTERDAM.

HAMBURG, OSLO, GOTHENBURG AND COPENHAGEN,

Tanks available for the carriage of ell in bulk,

J

4

`THE EAST ASIATIC CO., LTD.

Queen's Bldg, 2nd floor.

Tel. 34111 & 34112.

CHINA MERCHANTS S.N. CO.

S.S. HAI HSIA

(With Pagig

Def, 255,

reng GR/AN.

Waterboats 36'5m,

Anto Ban, anh

DOCKS, WHARVES, COPOWNS, F

K&K Wharvem 10d) 19

(Nov 12.

North Pins Whersee 0ận

Site Roopke Winter Ch. Check 2h 25m.

Test Predstenica br.DK,

Stop byazılı 1212m.

- Wheelaka Buh,

MINING:

Hola Mine 1961.

R

LANDS, HOTELS AND BUQ.DINGA:

Satele (X., 12.841, 12.8URA 1.5. Lands #X.D.) 60%, Stughal Lands 2.70h, An, 234 mm. Humidirey 12, 13% J.K. x 20

Flutes 1798. PIMLIC UTILITIES:

it.K. Tramways 12,704. Pen Truma Tom1 20150.

(Now) -118.

J

Star Ferries 1246.

4. Tarkts 14, 14.

News 16.10, 0.90%. 1.K. Electricx 311;6, 34. Mocan Electric. 2014, 261ak. Stakt Lights 15%.

Saphones 31e, Alles Shanhai Gas 20.

INDUSTRIA 3.91

Cold, Mark, (Onda 29%,

Custom Jere in,

Cemento MS150, H.K. Roy (K.D.) 17. KTOREN, E.:

Iniry Farm (ON) 16#,

New 40%.

Walcone 618.

1. Crsonfarda (010) '57.

(News Hon.

Sincere 16+P4,

Chlau Sampurium 11b. Sun C. 1.10. 21.

Ang Home 11.

Wing On H.K. 14. Win. Powell, Ltd, 1. MISCELLANEOUR:

Chion Entertainmenta dia. H.K. Contestions (11) S.

New 415, Vilures Pillers 1644. Maranan investments D/-n. Marwan (71..) 2. Shanghal Loan 24- Yankton 3.001.

COTTONA:

FWD 7b.

L

MERER. Etc., COMPANIES,

Alının Falates 4195. jetu Aname .2in.

tute Pantallans 18.

Cheme Unlter 300.

Cheng Rubles 23.

Ecosolidated Wubbers 1.40n. Dominion Rubber

in,

#dan Robbers 26.

in.

Repah Bubbers Rubber Trusts In. Saming Rubber Jon. Bemamu Rubbers 301. Shanghai Košele 1. Shanghai-Kainyn 4. Som Mangele 10n. Tanah Merahu 40n. Teboa Rubber 25.

~

able of turning out GY 1,600,- 000,000 every 24 hours. But the notes being printed by these presses are not being imme- diately circulated.

BANK OF

CANTON MEETING

Stock Exchange

ol

New York, March 23. Two ball pieces of nows in the Bek gave the consumer goods" stock market a rough time yes terday. Final prices were off fractions to more than a point. Transfers totalled $40,000 thares. The first unpleasant item was the announcement that the bla

frm retail merchandising Gimbel Brothers had sliced its quarterly dividend in half from 50 cents to 25. Next came news from American Woollen Company that new orlers booked through March 15 were leg than 1/6 tot the comparable period last year American,Woollen cracked for * Withholding them from elr- The ordinary annual meet-loss of 64 points and Anished

30%. for ing of shareholders of the Bank lower at

Mod selling culation until the demand lurge denominallon bills becomes of Canton was held in the spread to other stocks. were Among losers se pressing that it can no longer Board Room of the Bank yes-

Pullman, be ignored--is one means which terday, under the chairman- Santa Fe. Superior Oil of Call- the Government is using in u

fornia, United Aircraft, Commun. ship of Mr. Huo Pao-isol. down desperate effort

to hold

A net profit of HK$703,003.01 wealth and Southern, Paramount prices.

Pictures, Magnavox. was reported for the year, 1948,

Included

Pepsicola, The bills

Gainers are being held l

The retiring directors, Messi's. readiness, or sent to other areas

Lee Bing-chiu, Chen Kok-ye, Ng Consolidated Natural Gas. of the country where the need

Fai-tiou Chan How Jones average! Streka #2.66; 20 650 | Yuen-hing, for cash is more urgent. Lan-

Kam-bor, Fok Bo-hoy, Lo King-Industriale 174.88; 10 mil $0.22 15 chow, for example, has just re- sou, Fok Bo-yam, Kung Yu-lu, Climatisa

Adame Exp ceived its first batch of GY500,- Wu Van-chong, Fok Ha-man, 19%; Alaska Jusimu 2562 American Cal 000,000 in new large, denomios | Yuen Don-chor, Chan Fok-vang, 293: American Barling 413; 1 Abierfont tion hills, while these banknoter Wa Wa-chun. Chiu Kong-chi, Triphabe 116: Amerfran Tobaceo # are still scare in Shanghai.

Poon Ming-sung, Dr. Li Shiu

In the meantime, the shortage fang and Dr. Sun. Fo, were re- of cash notes here has become | elected.

discount that the co stringent

book orders rate for cash on

local banks (issued by

when

their daily eash quotas have be- come exhausted) is now 15 per

Utitle 14.08. -

Amerienn Waterworks 75: Anaconda Guber 31: Arinton Corp. % stall. win' Tawarmative' 16% : Hornsdali 41% Bendix Aviation 11 libichem Stev Mr. Fong Sim, prominent: Boring Aircraft 223; Borden Cu Chinese merchant of the Colony 39: Candlen Puelle 1134; J. Case and Marilla, was elected to re- Chrysler 6396 : Coleula 3254; Come

Corn Prodsela 19771 place the late director, Mr. Linmercial Solventa Bing-yim who died on February 4354: Pant 186: Enstrinn Keink 4435

Electr Light & Power 27: Generat Messrs. Lowe, Bingham and Electre 17: General Motors 38%; Gol vich $15% dyrar 42: Horentak Mir. Mathews were re-appointed audi- In 35% Intrnational Harvester 23: Today, the market is

belagtors.

International Paper 482 Interns Unnal Tri flooded with these bank orders.

About 10 shareholders attend-and Tel. 0%: Johns Manvil 27: Kenne On one day alone. Chinese ert the meeting.

cent.

Market Flooded

papers report, the Power Company 10,000 such

Shangha

had to issue

for cash orders wage payments and other pur.. poses.

On the same day. Government nks were compelled to issue GY1,150,000,000 in the

form of

16.

Notice To Consignees

enzt Copper 4576: Montgumery Ward 20 National Distiler %% Nations! Lead 50: New York Central 101: Pack- ard Mutara 3. Pho-American Airways 16: Pennsylvanin RR 15: Radio Corp 10: Ren Blk 11: Republic Str 2314; Reymaile Tohneco 37: Behenley 25; Sears Robank 87; Shell Ull 34; Routhern Pacifte 41 Stanila Branc %%:

M.V. "AJAX" Damaged cargo ex this vessel Standard Ol of Cant. 00: Manders! Oli bank orders, while local foreign will be surveyed by Messrs. of N.J.: Studebaker 1814: Unto firms, according to bunking Goddard & Douglas at Holt's a 21: Union Carbide 14: UB Rubber 35: US Steel 2: US Line 11: issued statistics,

GY440,000,000, Wharf from 10a.m. on March Westinghou 24: Youngstown Sheet Issuance ot these bank orders, 24, 1949, and consignees are at Tube 87% : Gan, Pub. Villes 12%. instead of cuch, was inde neces- Mary because the Central Bank requested in have their repre---Associated Pros

supplies loent banks with sentatives present during the cash up to only one-fifth of their survey.

now

total As a affairs.

of this state of ore becoming

more and more widely used as a mode of payment, sinze few are willing to sustain the loss of 15 per cent involved in transformı- ing them into cash.

Pay By Cheque

Today the cheque is being used in lieu at cash for such payments

restaurant bilk and other minor terris ̈of penditure.

UB

ex-

It is common now to 500 patrons of local restaurants draw out their cheque books when their moala anc finished

spe writing out a cheque to cover the cost of their

Brilled Ash and frieds, although under French other circumstances eating places are not Inclined to accept ehe- ques from strangers.

ת!

However, those who feel they are really saving 15 per cent by paying in cheque form are suffer under a delusion.

The for restaurants, having to pay their marketing with cash, simply raise their prices up that extent. -Associated Press.

JAPAN'S COAL

Tokyo, March 22. Local authorities ontimated to- clay that Japan has wrough eval deposits to last the nation a 'cen- tory if mining is carried out at the rate ordered by General Dou- glag MacArthur,

LONDON STOCKS

London, March 29, Prices in most sections of the stock market were alightly lower in quicl trading. South African Allied officials toid Japanese Mining shines, brewery and in mines to prodice 42,000,000 tons issues were excepilons to the of cost during 1949-50 fiscal year. clownward trend and finished The Jiji news service estimated higher. Good demand prevailed that for practical purposes Japan's for German potash loans in the coal deposits total about 4,000,000,

British. 000 jgħa, United Press. foreign bond section.

closed gilt-edged und Kaffra fractionally lower.

Financial Tunes' Index; 112,0.—; Associated Press.

SHIP MOVEMENTS

Seattle, March 23. Ship hrrivals: Flyby Soud fromų Yokohama M. Cochin from Fusan.

Departure: Idaho fox Manila. Associated Press.

(Singiidre

March 31

"LIGHTNING” A

ommodation)

INDIA DECISION.

to

New Delhi, March: 25. "The Indian Government has issio further. lleences for the export of raw celton.except to hard currency "Dreas, the Commerce Ministry | antioanced.

\

RUTTERFIELD & SWIRE. Agents,

Money Market

tc

Gold went up ngain HK$313.75 a taul yesterday afte Hong Kong, March 23, 1949. opening at 3311.75, but droppeń

back to $309.07% at the tin in terval. in the afternoon it Im

Notice To Consignees

Consignees Per

9.9. "BENCLEUCH" -

proved to $311ed of slightly

US dollars

after Tuesday's spurt.

Opening

at HK36.244. the rate in the afternoon was down a cent.

Gold Yuan's new low yester- day was HK$4.30 and $1.35 for 10,000 for Hong Kong delivery: $4.30 for Canton remittances; and

and $4.15 for Shonghai

opened and closed at HKS10.25 a 100, the rate dropper $10.17% in the intervni

Ticals were unchanged I1 HK$24.30 a 100.

are hereby notified that their cargo is being discharged into $4.12% the Hong Kong & Kowloon remittances What & Godown Co.'s go- down, where it will be at Consignees' risk and subject to the Wharf's terms and con- ditions of storage, and where delivery may be obtained.

NEI Gulders operiod at HK$3

100 and 4

closed at 20 cent: lower. Damaged packages are to be Sterling opened at HK$15.28 left in the Godowns for exam and was down a 'cent in the after- ination by Consignees and the poon. Company's surveyors, Messrs. Australian pounds were Carmichael & Clarke, at 10 changed at HK$12.70. a.m. on 'March 28, 1940.

To comply with the General Bonded Warehouse Regulations Consignees must have a Re- venue Officer in attendance! when damaged dutiable göóds are examined.

Notice To Consignoos

CONSIGNEES FER

STATES STEAMSHIP COMPANY

11. “CHARLES E. DANT" No claims will be admitted, after the goods have left the are hereby notified that their steamer's godowns, and all cargo is being discharged into goods" remaining' undelivered | the Hongkong & Kowloon after March 28, 1949, will be Wharf & Godown Co's godown subject to rent.

where it will, be at Consignees risk and subject to the Wharf's All claims against the steam-terms and conditions of storage, er must be presented to the and where delivery may be undersigned

before obtained. or April 14, 1949, or they will not be recognised.

on

Damaged packages are to be) left in the godowns for No Fire Insurance will be examination by Consignees and effected.

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

It said this decision was taken Hong Kong, March 23, 1949. In slew of the scute shortage of

row. cotton,Associated Press..

Pacific Far East Line, qua

Fast Regular TransPacific Service

Judy Work-cuRLANO DEFINETİMORAÍTIM, MÖNTRMAL, AND 'ALL "AKURSSON W DANKBEEF OFTEN,

Arstvu

Company's Surveyors, Messrs Carmichael & Clarke at 10 a.m. on the 28th March.

AMERICAN PRESIDENT LINES

Cargo Oil Tanks Refrigeration--Cargocaire

TO HONOLULU AND SAN FRANCISCO via Shanghat & Japan

*President Cloveland” ..........................

"President Wilson"

*Général Gökdon” (via Mapila & Japan)

Apr.

Apr. 2

May

TO SAN FRANCISCO AND LOS ANGELES via JAPAN

"President Madison" (calls Shanghai) "President Pletës" "Arcadia Victory"

Apr.

Apr. 1

Apr. 1

TO NEW YORK, BALTIMORE & BOSTON VIA PANAMA

"President Tyler" (Direct to Pacific Coast)............ Apr. May "President Gráht" (Direct to Pacific Coast)

ROUND THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, KARACHI, SUEZ,

FORT SAID, ALEXANDRIA, NAPLES, MARSEILLES,

KENDA, NEW YORK and BOSTON

"President Buchanan"

"President Harding” "President Vall Burdy"

ARRIVING FROM SAN FRANCISCO

"President Grant"

61. George's Bida.

Apr.

Apr. 1 May

Mar. 25

Tel. Nos 28172/28173

American Pioneer Line

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

"MONEER BAY" "PIONEER MAIL" "PIONEER DALE""".

"PIONEER BAY" "PIONEER MAIL" "PIONEER DALE”.

Shanghal, Japan & Panama Canal.

Apr. 2

Apr. 27

May 1:

Sailings. to Manila

(Thence to New York Direct)

Apr. 24

Apr. 2

May 1

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

Apecial Cargó Of Tanks -

I port "PIONEER SEA" "PADUCAN VICTORY" . Due Apr. 8 PIONEER BAY" (via Manita) Dus Apr. 23 "PIONEER MAIL"

Due May 16

For Full Particulars Call

Sails Mar. 2.

Sails Apr. 10

Hall Apr. 24

Sails May 18

For

The above list indicates the principal ports of loading and discharte és presently intended but not their rotation. further Information see schedule at the Company's Office,

UNITED STATES LINES

Queen's. Bállding,

Company

Tel. 31251 (3 Unes)

BEN LINE

SELLP "BENVOELIGIE" - "BENALBANACH" "BENOLEUCH"

"BENMACHIDI"

CHAN

· “BENWYVIS“

·SHIP “BENCIRUCH

"BENMACDHUI” {"BENVORISOR" (“BENORUÄCHAN' INWIVIS"

“BENCRUACHAN".

ARRIVALS

FROM

Shanghai Japan

→Singapore

SAILINGS

TO

London, Antwerp, Rotterdam, "HEIL

DUE

29th March.

In port

ku kort

24th March. Abt. 1st half Apr;"

H

2nd half Apr

Liverpool, Havre, Atwerp, Batteriam Hamsig & Hall ́ Gonos, London, Hall Leith.

LOADING 28th March,

2nd half Apr. Abt. 25th Mar.

Abt. 10th April.

Abt, end April

Japan

25th Mart

Fort Budan,

Fur Kurther Particulare, Apply To- ́W. R. LOXLEY & CO. (CHINA) LTD.

York Ballding? General

To comply with Bonded Warehouse Regulations Consignees must have a Re veriüé Omeer in attendance when damaged dutiable · good: are examined.

No claim will be admitteć after the goods have left the steamer's godown, and all good remaining undölivered after th 29th March, 1919, will be sub Ject to rent.

· All clalmıs'against the xioamor must be presented to that).Uzi-

Agents

Telephone: 34185,

KLAVENESS LINE

M.S. “CA

SAILINGS.

Los Angeles, San Francisco, Vancouver,

Seatile & Parkkatil.'

dersigned on or before the 4th M.S.BOUG April, 194 or they win hét br recotiled.

No fire Insurance will be M.S. “BOUG

effected.

LTD:

2. Loading 29th March iven Los Angeles 16th April </

ROM PACIFIC COAST

26th March Borg Swettenham

27th March

Hal Oil Tanka

BANK LINE