1949-04-02 — Page 12

Pore 13

ROYAL INTEROCEAN LINES

Passenger-and

"TIIBADAK"

Freight Baurices

JAVA-CHINA SERVICE

“TJITJALENGKA”

"TJISADANE'

In port

from Macassar & Juvaports 14th April.

from Murarsas

& Javaporty 28th April

to, Shanghal 2ird Apill. to Javaports & Macassar 14th April. in Shanghul 16th April to Invaporis & Marpsser 20th April.

to Shanghai 29th April,

to Javaports & Macassar 12th May.

HONGKONG-MANILA-CHINA SERVICE

"TASMAN"

from Manila

A Anky

7th April.

to Manila & Amoy 20th April.

SUMATRA-MALAYA-CHINA SERVICE

"YAN HEUT5Z"

-VAN RIENSDIJK"

Arrivals

from Anay

& Swatow

2nd April.

from B. Deli

& Straits

HU April.

Sallings

to Stratts

THE CHINA MAIL, SATURDAY, APRIL 2, 1940.

FINANCE

Hong Kong Stock Exchange

The Market this week has been

AND

COMMERCE

Britain,

Egypt Sign Treaty Of Finance After Negotiations

Cairo, March 31.

merely an Iteration of too many Britain and Egypt signed a commercial and finan-

of its predecessors. The point of resistance has not yet been reach- ed. Occasionally this seerns to have arrived, it s merely n chimera, only to relapse into

afloits.

and uninteresting state of

The Directors of China Enter- tainment have declared a dividend of $1 and bonus of $2 a share, both

ees tax.

1. GOVT, LOANS

102

1969 Don (1994 & 1940) JUN

* B. Deli

4

3rd April.

to B Dell

& Stroll

17th Apri

ASIA-AFRICA-S. AMERICA SERVICE

Arrivals

'STRAAT MALAKKA” tu purt

MOISSEVAIN"

& South Africa,

from

South Amerlea

9th April.

STRAAT SOENDA"

fern Japan

21 Miny

TEGELBERG”

from

South America

& South Africa, 2th June.

Sallings

to East & South

Africa &

South America,

pd April.

to Japan

10th April.

to East & South

Africa &

South Amerlen,

30th Apeti.

to East & South

Africa &

South America,

24th May

to East & South

Africa &

South America,

22 June.

All Steamers Calling Momboan & L. Marques Direct.

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

Zanzibar accepted on ali mailinga.

Agents: HOLLAND-EAST ASIA LINE

-MELISKENK”

Tarde Avataide for

On an Bulk MARIEKERK"

"MOLENKERK"

“MEERKENK"

Arrivals

In part

from Europe

8th April.

from Europe

Early May

From Europe Varly Jung

Sailings

to Europe vin Manila & Straits

2nd April

to-Shanghai

& Japan

Inth April

to Europe via

Maria & Straits, End April.

Manih vla

Mil May.

Straits

to Europe via Manila & Straits Mid June.

Trasshipment cargs on through Bs/L accepled to Indian,

Mediterrancan and Northern European parts.

Office Address: King's Building. Phones: 28015, 28018 & 28017 Chinese Agents: 82, Connaught Rd.. Tel. 31196 & 21533

DE LA RAMA LINES

ARRIVING FROM U.S. ATLANTIC COAST VIA LOS ANGELES & SAN FRANCISCO . "DONA AURORA"

m.v. "BENARES'

19th Apr. 28th Apr.

SAILING FOR U.S. ATLANTIC COAST VIA LOS ANGELES

KLY. "BENARES"

30th Apr.

83. "DONA AURORA'

...(calls Shanghai & Japan) 19th May

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

CHINESE SHIPPING OFFICE

Tels. 23738-20153

MARINA HOUSE

Tels. 23676-22675

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

M.S. "MANCHURIA”

LOADING ABOUT 7th APRIL

for

ADEN, FORT SAID, GENOA, ALGIERS ANTWERP, ROTTERDAM,

HAMBURG, OSLO, GOTHEnburg and COPENHAGEN.

Tonks avalloble for the carriage of oil in bulk.

THE EAST ASIATIC CO., LTD. Queon's1-Bldg, 2nd!' floor,

Tel.-34111 & 34112.

CHINA MERCHANTS S.N. CO.

15, Connaught Road, West.

S.S. HAI TIEN

S.S. HAI TAK....

S.S. HAI LIEH

435 tema (1948) 1939. DANKS:

H&R Bank 17012.

Beg

21630.

Chartered Bank £10-9/1ền. Meremetik Buah A. & 3. 225m, Bank of East Asla 15în,

INSURANCER.

Entries 2018, x70.

In J, Ele

na krwriters RA,

.. Fiz in. Alan,

SHIPPING

Douglass 7p.

★ *. ★ M. Steamboatæ 171yn,

The China (Pret; VSK.

(ref.) 25.

Stella fleurry) 83/Dis.

Uolom Waterbemis 32lyn.

A Nasmyti,

DOCKS, WHARVES, GODOWNH, Bte.

1.K. & K. Wharves 19047 1185 (8.09).

X.1.1.

Noth Plot Whatyon 672% Shanghat Thongker Whereva 201

1. 1 ZAM.

China Prowler 19,

Baghan Derkynude namm,

Wherek varuba, antarne MINING:

Jaul Minas k*, 13,

ILK, MEN DAY k

LANDS, HOTELS AND BUILDINGS:

1. & 8. Both 14th, 125/AB/ 1,8%,

1 am ath, 5ts, palyen,

Shanghai Lugde 29, 5, 3/28510.

Hemphrey's 12.2

24 X Rendites 24

Cheese Estates 1700.

PUBLIC UTILITIES (

HK. Tenmway- 11.302, 18.209, 17,90km. Pook Tintas (kel) 2an.

..

(New) 116,

Star Foerles 1238.

2. Tagħin 4089) 13,00%, 10.009, 13.80mm.

(New) Byl, 2,904, 2.20am, HK. Eletrics 1898, DANA, Plan, Morna Ebesten 27. Kominkun Lielit Telephones 24m Shoughrí Gas fu

INDUSTRIALS:

130.

a. Mnex. (Ord.) A

Crunkan Zerm In.

Cents 34, 30%, H.K. Rogue (X.D.) 16:45, STOREN, Bir,:

Dairy Farms (Old) 370,

Walma 1794, 47/4035m. 1. Crawford (018) 2ôn, (New) Siner 5,801,

China Emporium 11b, Son Co. Ltd 2ND. Kwon Sun Hung 132. Wing On (..) 6. Wm. Powell, Lul, Un. MIRCELLANEOUSI

China Entertainments £350 n H.K. Constructions 101d) En.

(New) 4. Vibro Pilings 10% Markman Investments 1/-n. Batman (HK) 2

Shanghat Tenn 197

Yonglazes An.

COTTONS:

Excom 130%, */7,00,1m, RUBBER, Etc., COMPANIES!

Alma Pataten 45m.

Date Aname 90n. Hit antalionæ in. Chemoze Veiled 200. Chong Rubber 23. Commolliated Hubbers 1.450. Dominion Hubbers 15. Padang Robbers 550. Renh Robbers 2ân. Habbée Truda 25. Bamanxes Hobbers 506. Bomambu Itubben 10nz Shanglul Kedah 1,04L,

Shanghai-Malken As,

10m.

Bus Mangdi Amet Durl 10.00h.

Tanah Merah b. Trbung Rubbers 20h,

BATTLE OVER FOREIGN AID CUT

Washington, March 31. Administration forces in the Senate today pushed plans for vote within 24 hours on the pro- posal, oppored by President Tru- man, to cut foreign ald spending.

cial agreement here today after three months' negotiations. Khabhasha Pasho, the Egyptian Foreign Minister, signed for Egypt and Sir Ronald Campbell, the British Ambassador, for Britain.

To Reduce Subsidy

To Steel

The

New York Stock Exchange

New York, April 1. The stock market abruptly ended its two day boom yester- day Jey issue lost fractions to around two points. A few shares finished higher. The set- back almost cut in half the rains registered in the preced- ing two days.

Today's agreement succeeds

The market apparently hact that of 1848, which released absorbed public demand loosed

£32 million from Egypt's baby reducing trading requirements. lances in Britain blocked during Yesterday the market returned t the war.

the hands of professionals. Turn-

amund 980,000 over dropped to shares

market remained fairly The

with 1,024 issues trailed 504 tot ground and 220 advance

netive Among the day's most issues were Pepsicola, down 11. Rao Keith Orpheum up at 9. Richfield Oil down one m

DOW JONES AVERAGES,

Stocka 6,01

The text of the agreement will be published on Monday, Egyption Foreign Minister sald at today's ceremony: "There is no doubt that the existing close economic relations between the two countries cannot but con- London, March 31. Britain is to reduce the Gov-solidate the basis of our co-opera-

tion in other spheres. emment subsidy to the steel The negotiations may havt industry by £25 million, Mr.appeared long, but the fact that George Strauss, the Minister of they have led to the present ac-

cout is proof of Supply, announced today..

the spirit #T through:-

friendship

prevailing

He told Parliament But the subsidies paid to meet. the excess] out." cost of imported finished steell Sir Romild said.

"We have

and the import duties on ptg tron been mindful of Egypt's econo- und steel would be continued.

Bul as from tomorrow, the remaining subsidies on tron unit steel would cease with an estimat- ed saving to the Exchequer for the year 1048-50 of about £25 million,

also Mr. Strauss

announced new maximum prices resulting from a review of the prices struc- ture of the industry by the Iran and Steel Board and the with--

drayal of subsidies.

They were, he said, designed to provide no more than a son- able return on capital employed to each section of the industry. On the best calculations possible, they would give no increase but probably soine reduction in the intal profits of the fron and steel industry.

The increases for most products, were between £2 and 23 a ton. He said industries in the main would still obtain their steel as cheaply as their principal over- seas competitors.-Router.

1

Wool To Be Declared A Surplus?

Sydney Match 30.

mir needs and have tlose our best to meet them. We hope that by the essential commodities we still be able to provide Egypt during 1040, facilitating

a sub- stantial quantity of petroleum products, and by the amount of hard currency mide avaliable, we shall be offering a useful con- tribution to the economic well- being of Egypt."

An official summary said the agreement provide for an imme- diate release at £12 million from Egypt's pre-July, 1940, sterling

for further balances and tingent releases up to £18 inll- lion..

To enable Egypt to make pay- menis in ord currencies [ur current transactions, Britain u derlook to selt Egypt.

against sterling. total of £5 million in United States dollars in instalments.

equal

her

Petroleum Products Britain

ales desfacod readiness to facilitate "the sup ply to Egypt of petroleum pro duals during 1949 to an amount up to £5 million against" pay- ment

also sterling. She

extend facilities to agreed to enable the Anglo-Egyptian Oli. fields and Shell Companies to:

for pay Morling during 1940 essential dollar equipment Im- ported into Egypt:

Mr. Joseph B. Chifley, Aus- tralian Prime Minister, today

According to Mr. Leonard said it was possible that wool Wright, the leader of the British delegation in Cairo, which nego- might be declared 2 surplus commodity in the world's mar-mercial and financial agreement, tated the Anglo-Egyptian com-

kets next year.

and that its British manufacturers will great- price would then be bound toy banent by. it... fall.

Mr. Wright told reporters to-

Britain

broad

283%.

* Cristelabe: 177,30

LA Rail 19,02

10 til 35.32

CLUBINA TUOTATIONH:

Adairs Expreset 1816 Alka Junewer 36

Ameziron Pan: dom) American melting 4531 Ameriena Tejembasa HR% Ameen Tubecco: American Waterworkst Anneth Copper; 31% Aviation Corporation A Baldwin womotivei 12% Berolix Aviation: 2416 Ilehtelum Kredi 10% Boeing Altecaft; 20 Herder o 40 Gunadian Pheiße: 227

J. 1. Cara 51% Chrysler: 524 Colante 33;

Commercial Bolvents: 17 Can Imolaeter 627% Du Ponta 17,

Kita Kodiak: 407%

Electrio Elght & Power: 23% General Khetele: adik General Motors 09

Pammielch; **

Goodyone: 437# Homestuk Mining: 30% International Harvester: 23% International Paper: 491, International Tol, a Te). 10% John Makefile: 37

Keunscntle Conner: 404 Montgomery Ward: 66 „National Histillenc 1835

Nationni miz 20 New York Central: 1933 Far Betore: 4 Pan-American Airways: ID Pennsylvania T: 10 Stadio Corporation: 12 Item# Blk: 124 Republle Stecki 2154 Reynadis Tiệnero: 16 Bahentry: 27% Sears Roebuck: 38% Shell Oil: 34% Sony Vucuan

10%

Southern Pacife: 435 Hodard on 1 Standard Oil of Calif.: 03 Sundard 911 at NJ. co Studebakeri 144% Don t 282

Jalen Carbide 383

US Rubber: 39%%

US' Breel: 2112

18 Liners 10%

Westinghour: Palg Youngstown Sheet Tube: 69g, General Publie Uilities: 2

Associated Priss,

at

"It looks as if in the near night that British manufacturers future we shall not sell the same would benoit because quantity of wood, nor sell it at the had, under the agreement, agreed present price," he said. Stating to export to Egypt goods worth that this could cause a serious over £47 million as against the drnp in 'Australia's overseas earn the £33 million worth of goods, ings, Mr Chifley said the price of last year. wool had gone so high that the

About 20 per cent of these Bri- United States market was drying tish exports would represent es- up a little, and there had been asential goods for Egypt and would falling oft in the sale of manufac- [be "dollar savers," he said. tured woollen goods in the United Mr. Wright, who is the Trea- States.-Reuter.

sury's representative in the Mid-|

referred to the die East, then hard currency which the agree ment makes available to Egypt,

Bangkok, March 31. and said: "In dollar and dollar The Economic Commission worthy commodities such as for Asia and the Far East today petroleum products-Egypt will discussed the question of in-

Money Market

Gold opened at HIC$312.87% tack yesterday and closed at $912 Highest and lowest rates were $31975 and $311.50.

Jap Productive Power Aired At UN Meeting

be getting more dellars this year creasing Japan's heavy industry-

Inst.

than auring the

productive power to the point The question of Egypt's re-en- where it could help to

US dollars opened at HK$5.254 try into the sterling aren was not rehabilitate all of Asia. and closed at $5.241⁄2.

raised during the negotiations, he sald-Reuter.

Gold Yuan look another dive, and business was recorded at

HK$3.30 and $2.85. 1or 10,000 for $2.30 for Canton remittances: and Hong Kong, delivery: $2.35 and $2.13% and $2.45 for Shanghal remittances.

BRITAIN'S BUDGET

SURPLUS

Dr C.M. LI, Chinese delegate, warned that stich production could be used to manufacture war wea- pons.

Mr. Theodore Cohen, represent- ing SCAP, sold the Allied powers orcupying Japan and the Japan- jesa government were prepared to London March 31. help ECAFE provide Japanese Britain ended the Anancial | capital goods to Commission The Senate Democratic leader, 100, went up to $0.70, and closed. £831 million-£42 more

Piustres opened at HK$9,671 a year tonight with a surplus of member nations. Scott Lucas, served notice at the at $0.05.

than end of a seven-hour session,

was estimated. Official figures pucked with oratory, that there

also

showed Britain had a net increase in revenub compared would be another night session on 100. Friday in an effort to pass the

with last year of £161,731,561, 15-month extension of the Euro- NE! Guilders were unchanged", The revenue, according bean recovery programme.

at HK$32,70 a 100.

Trugaury returns, stands at £4,007 The demand for a 10 per cent

million £243 million more than cut in the bill's US$5,480,000,000 Sterling and Australian pounds the Budget provisión. Expenditure spending authority will provide both went up. Sterling was quot at 69470 million is: £200 million the administration's first test in od at HK$15.48, and Australian more than was estimato the Senate. United Press,, pounds at HK$12:00/

Ticain Improved to $24.10.

.

''

Pacific Far East Line

to

Mr. Cohon estimated that Japan could export more than US$1,000- 900,000 worth of capital goods durlax the next ste sald Japan was the only country Asin with sufficient capacity to export substantial quantities of capila! goods, but needed raw materials such as iron ore, coking deal, tin, petroleum and food.--- United Fress..

NOTICE TO CONSIGNEES HOLDING

F. & 0., B. 1. & E. A.

AMERICAN PRESIDENT LINES

Cargo Oll Tánha Refrigeration--Cargocaire

S.S. PRESIDENT. CLEVELAND

Salls for

SAN FRANCISCO

via Shanghai, Kobe, Yokohama and Honolul

Sunday, April 3rd at 5.00 PM.

HONG KONG SUMMER TIME Boarding time: 2.00 to 4:00 PM. HK.S.T. on Sunday, April 3rd,

Baggage

Brtgage for the hold and baggage room must be delivered not Inter than 5.00 P.M. H.K.S.T. April 1st at Hongkong & Kowloon Wharf & Godown Company's Gudown No. 50, Gate No. 2, Canton Road, Kowloon.

Cabin baggage should be delivered to the same gedown und claimed by passengers before boarding.

All baggage will be delivered to the ship by the Whart Company porters..

St. George's Bidg.

Tel. Nos 28172/28173

American Pioneer Line

Arrivals from New York, Boston,

"PIONEER BAY" "PIONEER MAIL" "PIONEER DALE"

Other Atlantic Ports via Panama

Apr. 21

Apr. 23

May. 18

Sailings to Manila

"PIONEER BAY“

(Thence to New York Direct)

Apr. 23

"PIONEER MAIL" "PIONEER DALE"

Apr. 24

May 19

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

Shanghai, Japan & Panama Canal

"PADUCAH VICTORY" "PIONEER BAY" (via Manila) "TIONEER MAIL"

-Special Cargo Oil Tanks --

Duo Apr. 7 Due Apr. 21

Salis Apr. 9

Salls Apr. 23

Due May 16

Sails May 18

For Full Particulars Call ·

י

The above list indicates the principal ports of loading and riischarge as prosently intended but not their rotation. further information see schedule at the Company's Office.

UNITED STATES LINES

Queen's Building.

Company

Tel. 31281 (3 lines)

BEN LINE

BIOP

"BENCEVACHAN".

"BENMACDHUI" "RENWYVIS" "BENLEDI" "BENRINNES"

"BENAVON"

SI/IP "BENCRUACHAN

"BENMACDHUI" "BENAVON”

"BENWYV18"

"BENLEDI"

ARRIVALS

FROM

Japan via Shanghai U.K. via Singapore .U.K.

"

FT

U.FC. ......U.K.

H

U.K.

SAILINGS

ΤΟ Liverpool, Havre. Antwerp. Rotterdam Hamburg.

7

London, Antwerp, Rotterdam, Hull

Genoa, London, Hull & Leith.

London, Antwerp. Rotterdam, Hamburg.

* Accepts cargo for Japan, T calls at Port Sudan.

DUE

Abt. 10th April, Abt. 12th April.

2nd half Apr. Early May.

Ist half Alay. 2nd half May,

LOADING

Abt. 10th Aprit,

Abl. 15th April.

2nd half day:

Abt. end. April

Abt. 1st halt May.

For Further Particulare, Apply To-

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

York Building.

Agents

Telephone: 34165.

KLAVENESS LINE

- SAILINGS

BILLS OF LADING Direct to Los Angeles, in 16 days Thence San Messrs. Goddard & Douglas Francisco, Vancouver, Seattle & Portland

Fait Regular Trans-Pacific Service

will attend at 10 am. on Tion. M.S. “BOUGAINVILLE" .. Loading 30th April days and Thursdays within the M.S. "SUNNYVILLE” free storage padod to survey HET TORE-KERAGO.DETROIT-TORONTO,

Telephopo 31633.

SAILINGS

SAN FRANCISCO, LOS ANGELANG

· Arriva

Shanghai

April 3 Haiphong & Halkow April 3 Singapore Penang &

Rangoon April 15. (With Passenger Accommodation)

Cargo for Taing Táo; Hankow & Tientsin acceptable

vaja on /thrangh billa, sf. Inding.

For Full Particulars Plade Apply to the Above

"A SERPENT" ↑ #JULIA LUCKENEA CUS

"LIGHTNINPT 47 "PLYING DRAGON":† "GREAT REPUBLIC” †

ÖFKELAND

KONTREAL AND ALL AMERICAN: #: CANADIAN OKITENG

Sam Propilmem

In pert

APT. J.

damaged cargo, and consignos8 are requeried to have their

30th May

21st April

ARRIVALS FROM PACIFIC COAST representatives. present, Un M.S. "BUNNYVILLE"

Apr. Asn

Se Princess & Los Angslan

consignees representatives, art "present at the Survey no claims

can thereafter be admitted.

App. 28 Aw.. El

May 10

Apr.

4

Sailing to Singapore, Port Swettenham Penang Belawan & Batayla

MACKINNON, MACKENZIE M.S. “SUNNYVILLE”

Agenta:---

R/MARE. Coë Lid.

Fanwiewer Andermodet Chinese, Freight Agents, HOO FOOK PING.

King's Building. „Teli 277

29, 22nd April· -Walk Oil Tanka S Applysia

THE BANK LINE (CHINA) LTD. STHE BANK LINE (O