1949-04-04 — Page 11

BUTTERFIELD &SWIRE

Agents: CHINA MAVIGATION CO., LTD.

"RWEIYANG"

*POYANG"

"SHENGKING"

*TSINAN

"BINKIANG"

"PAKHOI“

"FUKIEN"

SAILINGS TO

„Swatow. Amoy &

Fuochow

Saigon & Bangkok

Swatow

Shanghal

Inchon & Tientsin Singapore

Bingapore, Batavia,

Cherlbon, Sourabaya

&, Macassar

Salts from Custodian Wharf

ARRIVALS FROM

Singapore. Batron &

Hollow

Shanghal

Koln th refunk

5 p.m. 4th Apr.

5 p.m. 6th Apr.

p.m. 7th Apr. p.m. 8th Apr.

5 pm. 9th Apr. 9th Apr.

12th Apr.

4th Apr.

4th Apr.

4th Apr.

"KWEIYANG"

*FENGTIEN"

"POYANG"

#NEWCHWANG"

Pasan

4th Apr.

*TSINAN"

Swałow

9am. 6th Apr.

"PAKITOF

Shanghal & Kerlung...

6th Apr.

"UKIEN

. I. ro be

9th Apr.

"JIUNAN"

Tirntal

& Inchon

"FATSHAN"

"WHSUER"

RIVER SERVICE

Ifongkong/Canton DEP Hongkong Manight 4th April 3 pan, 8th Aprfi HK/MACAO

DEP. H.K.

8.30 nm. 4th 5th-

61h 75h & 8th Apr.

9/10th Apr.

Canton/Hongkong ARE. Hongkong 11 a.n. 3rd Apr. 7.30 am, 7th Apr. MACAO/RK ARR. H.K.

6.30 p.m. 3rd

4th 5th 6th

7th & 8th Apr.

Agents: BLUE FUNNEL LINE

SCHEDULE SAILINGS TO LIVERPOOL

"CLYTONEUS“

via Aden & Port Said.

vla Tangier & Casablanca

“EUMAEUS” “ vla Marsellies

"ASTYANAX”

via Genoa Marseilles & Glasgow

8th Apr. 12th Apr. 24th Apr

non Schedule Ship.

www.wdc.com

"TITAN"

"ASTYANAX"

#TYNDAREUS"

“EUMAEUS"

"CALCHAS

Arrivals from

UK, vin Stralta

U.. via Straits & Manila

U.K. via Straits

"STENTOR"

“ANTENOR{"

In port

3rd Apr.

9th Apr. 9th Apr.

14th Apr.

20th Apr.

UK. vin Straits & Manila

26th Apr.

NEW YORK SERVICE

"AGAMENNON"

.....from U.S.A. via Maolla

cargo.

THE CHINA MAIL, MONDAY, APRIL 4, 1940.

FINANCE

AND

COMMERCE

PHILIPPINES ANGLING

FOR U.S. INVESTMENTS

RATE FOR IMPORTS TO JAPAN

Manila, April 3.

Wanted: an angel. This sign has been out for American investors from the time the Philip- pines become independent almost three years ago. It still is an open invitation for private American dollars to develop Filipino resources. To make private investment more attractive, Fili- pinos reduced their admission prices until 1947 for Americans only.

Manila

They changed their Constitu- [the Government-owned Tokyo, April 2,

tion over the protests of the Hotel to sugar rolnerles, textile The Japanese Board of Trade Nationalists to give Americans mills, lumber and paper mills and announced, effective today. Its the same opportunities as Fil-en to the Manila International own new single conversion rate ipinos in developing the Islands Airport. of 330 yen to US$1.00 on

President Quirino qualified his gold, chrome, copper and other offer by announcing the Govern- textile raw material imports mineral deposits, cut into great meat would hold on lo rice and for allocation to Japanese man-hardwood timber stands, ex-

corn listributing agencies and to ufacturers.

ploit water power and other the profitable cement plant in Simultaneously the Board of stural resources.

Celni. All three were designed to Trade

three annosmeeti

This was called the Parity Aetkeen the cost of living and re- version rates, also effective im-nact Filipinos thought that it was construction down, mediately, on exports of textile

sure attraction. But instead of The Government $109 with- goods. They ure 330

350 standing Yen,

Filipinos drawn from the logging enter- yen and

found their production

prise in Augusan Valley on Min- depending on the entegories of tud, Amerienn capilal went else-danao and the textiles. They replace the two where. It didn't

stoppel competitive old rates of 330 yen and 420 yen has

come here. It sales of bollow building bricks. been

einbarassilgiy to the dollar.

ap-Associated Press. parent to Government that something else was needed.

con-

to the delin: 420 yea

10001

only.

was

leaders

An overall field single for eign exchange rate has not yet About the only people it thi been established

Generated by MacArthur's headquarters.

Meanwhile,

WORLD SUGAR PRODUCTION

perturb were the Com- munists, who went ahend with In Washington. their propaganda flur about Wall Informed sources belteve Street imperialists

Weaving ព single exchange rate for the web around the Republic. The yen will be catablished by the fine does not it the faels att coming Aummer

that may explain the failure of the Communists 10 make

135 much headway as elsewhere in tons, the U.S. Agriculture De- South East Asia.

They said the officials have not yet decided

the rate on what will he. In my case will be closely guarded secret until of cially announced. They said I is impossible to put timetable on

23rd Apr.

yen rate establishment because ft involves do many factors not

of

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

Agents: Australian-Oriental Line, Ltd.

"CHANGTE"

'SBANSI"

*CHANGTE"

"SHANSI

Sydney & Melbourne

Sailings to

Kure & Yakkachí ... Sandakan, Brisbane.

23rd Apr. 28th Apr.

19th Apr. 21st Apr.

Arrivals from

Australin

Australia & Manila

All The Abone Subject To Alteration Without Notice

General Agents for:

Booking Agents for:

AUSTRALIAN NATIONAL AIRWAYS, CATHAY PACIFIC AIRWAYS, 6KYWAYS (FAR EAST) LTD. B.O.A.C., C.N.A.C., HK, AIRWAYS. P.U,A.S., FA‚A., PAL. and N.W.A.

For passage and Freight Particulars Apply To The Abook.

1. CONNAUGHT ROAD, CENTRAL.

Telephones: 30331/8 Private Exchange.

Branch Oßce--50. Cenonught Rd., W. Tels. 25875, 32134, 24875.

HONG KONG-CANTON

M.V. "HONGKONG"

船輪江香

1.K. DEPARTURE:

10 p.m.

10 p.m.

10 p.m.

10 p.m.

3/4/1919

5/4/1949

7/4/1949

974/1949

TUNG ON WHARF

CANTON DEPARTURE:

9 p.m.

9 p.m.

4/4/1949 0/4/1949

9 p.m.

9 p.m.

8/4/1949 10/4/1949

LUEN HING WHARF

Subject To Alteration Without Notice.

Passenger Tickets & Freight Particulars Obtainable At:

TAK KEE SHIPPING & TRADING CO., LTD.

AGENTS

136, CONNAUGHT ROAD CENTRAL (Office Hours, Tel. 22338, 27091)

OR

TUNG ON WHARF (Before sailing hours, Tel. 20545)

TAI CHING SHIPPING CORP., LTD.

AUSTRALIA CHINA LINE LTD. M.V. "HINDUSTAN"

LOADS HONG KONG 12/13th APRIL

FOR

MADANG.

RABAUL, LAE, BRISBANE, SYDNEY,

MELBOURNE, ADELAIDE

WITH

THROUGH DILLS OF LADING TO. NEW ZEALAND

AND FIJI ISLANDS FORTS

(Carrier's option to proceed via other ports

to load and discharge cargo).

SAILS 13th APRIL

For further particulars please apply

C

JARDINE, MATHESON & CO., LTD.

Freight Dept., Pedder Street.

Subject to alteration without notles

Phone 3031A

il

only Japanese t United States and world economy.

Some sources interpreted the reports from Tekra that General MacArthur sale he

would nounce later an exchange rate between the dollar and yen to mean announcement was im- minent They believe it would be sek by Gurtner time.-United Press.

Threat To American Textiles

U.S. Concern

Washington. April 2. World sugar production for the 1948-1949

now la estimated at a record 37,989,000

scason

partment reported today.

This is 11 per cent higher than the previous senson's total ant nine per cent higher than the (1935 through 1039)

The Government.

however, is pre-war wortfel over the report of National Economic Council.

average.

In a quarterly review of the sugar situation. the department

ald that the world supply in the

The Council's Control Com. mittee reported to President season ahead may be a little Elipido Quirino that

smaller. But it predicted Berious

that concern

had arisen In the supply will be considerably larger United Statra сп Indications than demand, Bod that prices that the Philippines' theoretical may drop further this year. system of free enterprise is be.

Only three

important produc- nrens showed declines in out- Ing largely replaced by a na- tionalistic programme.

put this season: the United States beet area, Cuba and Argentinto. in the Production

Jatter twa areas, however, was substantially greater than in pre-war years.-- Asspelnted Press,

|

Ing

More Recovery Funds Approved

The Counell said feeling exist. ed that private enterprise is un- duly restricted by Government competition and regulation.

The Council said this view seemed to have gained wide bes lie! and had discouraged Invest- ment ul foreign And clomestic Palm Beach, April 3. capital, The Council pointed out The American Cotton Manu- that Government corporations are facturers' Association yesterday business activity in lines

primarily designed. lo stimulate

Washington, April 2. where urged the Economic Co-opera-private enterprise

New Marshall Plan shipments tion Administration to do some unwilling or hesitant to venture, which token another $19,431,000

incapable, thing to prevent imported text- The President mulled over the bite out of the almost exhauster! iles from looding into the U.S.rpport and has yet to release it first year recovery funds were The Association adopted a re- to the pubile. But he did act approved by the ECA yesterday. solution saying the apparent U.S. boldly. foreign trade policy of providing modern equipment to low wage Industries is a direct

foreign

threat to employment of hundreds of thousands of American textile Work

Industry spokesmen sald It was

10

13

Qualified Offer

He has announced that the Philippine Government is rearly to step out of its profitable enter prises and is willing to sell them

a threat to the Industrial future outright or lease to private com-

of the Southern US. The spokes-cerns. This offer

of

men suggested rehabilitation war-torn nations could be accom- plished without placing too great a burden on a single segment of American industry or a single re- gion of the U.S.

щого

They said cotton manufacturers are also disturbed by aspects of U.S. trade polley which tend to make American markets readily accessible to foreign tex- 1lles. In recent months there has been a sharp decline of U.S. tex- tile exports. Associated: Press,

Bank Clerks On Strike

extended from

Changing The Face Of Europe

war".

I

The Netherlands obtained the largest slice, $9,068,000 worth of copper, lead and other metals from the US. and Latin America. Total aid to date now is $5,- 022,224,000 for Europe and China.

Associated Press.

SHIP MOVEMENTS

New York Stock Exchange

New York, April 3.

Gold shares led the stock market toward faint signs of n rally yesterday. Some gold stocks hit new highs for the year in comparatively active trading. Elsewhere the trend was upward. but there was no drive behind buying.

360,000 Gold

Of 894 Issues traded, 315 ad- vanced, 161 declined. shares changed hands. stocks closing at peak prices lu- cluded Homestoke Mining up 1% at 41% McIntyre Porcupine up one at 53; Dome Mines up 1% at 17; Sunshire up at 91%. South American Gold and Platinum up

h at 4%.

Smelting U.S. gained two at 43%.

DOW JONES AVERAGES:

Blackmi 83,18

*

and

Industriale: 176,8%

25 Hall: 48.72

In our 15.45

CLORING QUOTATIONS,

Alama Exprem: 18%% Alsaka Juvemur 34 American Can: 209; American melting American Telephone: 140 American Tobacco American Waěny worka; A Ausconds Copper: 3144 Aviation Corporation: 814 Baldwin Locomotive: 1244 Darredali: 40%

Bendix Aviation: 34% Beibirbem Steel: 31% Boeing Aircraft: 2544 Canadian Pacific; 123

J. 1. Enne: Bl Chrysler: $26 Colgate: 33

Commercial Solventar 17 Corn Producta: 8214 Du font: 190

Eastman Kodak

40

Refining

Electric Light & Power: 295% General Electrics. 37% General Motors: 49% Goodrich; &N

Goodyear: 48%

Innenlake Minings 41% International Harvesters 24T International Paper: 49% international Te), & Tel: 107% Kennel Copper: 45% Mintgomery Ward: 65% National Duttffera: 18% National Lead: 2812 New York Central 12 Packard Motor: 4 Paa-Amerlekar. Aleways. Frannyivants : 30 Radio Corporation: 12% Republla Steel: 24já

Reynolds Tobacco: 50%

Schenley: 27

Ben Roebuck: 38

Shell Oil: 20%

Bocony Vacuum: 16

Southern Pacife: 43

Standard Braude: 18%

Page 11.

P&O B.I. E&A

COMPANIES

PENINSULAR & ORIENTAL S.N, CO.

PASSENGER/FREIGHT SERVICE

OUTWARDO

44. "CANTON-

* "CARTILA CI" "CORFU"

** "CANTON"

"CARTHAGE" "CORFU

LEAVES LONDON

milent

7th April

2nd May

2nd June

10th June

24th July

„Via Bouthampton, Pori Bald, Aden, Bombay,

HOMEWARDS

* "CANTON"

* "CARTHAGE "CORPU)"

6. "CANTON"

*= "CARTRÄGE"

"CORPU

Blogapore.

LEAVES HONGKONG

DUR BONGIONO .

11th April

Bih May

Ah Jane

4th July

1st August

19th Augus

Colombo, Pmani a

DUE LONDON

18th Aprl! (noon)

30th May

13th Mar

10th June

9th June

17th July

8th July

8th Augus

2nd September

Bih Augart

Bib September

3rd October

Via Blogspers, Penang, Colombo, Dombar, Aden à Port Bald.

FREIGHT SERVICE ***TREWELLARD" Iton 15th Apr.

from London & Continent,

Japan & Bhangħal, Strmšta, Colombo,

U.K. & Continent

from London

London &

A

a. "TREVINCE"

ants th Apr. dur 19th Apr.

All 20th Apt.

for Bhanghai & Japan.

from

for

A "BOCOTRA" •

duo

13 Mar

Can.

Uinent.

anila 10th May

for Inent via Strujte, Colom bo, Genom relies

Com-

Fitted with tanks for the carriage of vil in bulk.

BRITISH INDIA S.N. CO., LTD.

B. “BIRDHANA" •

(Apena Line)

ALTAIREA"

(Aprar Line)

4. "BRIRALA”

(Apeur Line)

"RANGOLA“ •

(Apens Line)

dite 8th Apr, anila ith Apt.

Sue

27th Apr.

All 20th Apr.

Dur emile

dvo

And Mar

7th Mar 29th Apr.

vis

from Japan & Shanghal. for Biraits. Razpon a Calratia. Accepta Chit tagong & Madras cargo. from Calculta

For Japan & Amoy.

from Calculls via ftruilla. for Japan-vie Amoy. ·

Stealta,

from

Biralta

Calcutta

anila 7th Mar for trafts & Calcutta.

* These ships hars Refrigerated Carro, SUGZE

P.&O./B.I. JOINT SERVICE

* "DATBEAM"

duze antha

8th Apr. 7th Apr,

a. “RICHMOND HILL"dun 27th Apr.

from Japan, for Bingapore,

Tis

Penang.

Colombo, Dombay, Kata-

cb and Peralsa Gulf,

from Bombay, Colombo

and Hurran,

for Bumbay

1.

*

ail 20th Apr. "TREWELLARD", "alis 2011 May "RICHMONG HILL”anilo mid May

for Japan.

*

Blandard Oil of Calitz 627%

Standard Oil of N.3.1 67

Studebaker: 18% Union Carbide: 38%

US Rubber: 301

US Steel

1854

UB Lines 14% Westinghouse: NX

Youngstown Bheel & Tabe: 68% General Public Utitltles, 12%

-Associated Press,

U.S. BANK IN BANGKOK

San Francisco, Aprli 2. It was announced today that the establishment of the Bank of America branch in Bangkok, Slam; has been granted by the Federal Reserve Board.

Seattle, April 3. Steamer Bateway City arrived Mr. A. L. Giannini, President from Yokohama, Gent. William O. of the Bank, said an early open- Darby sailed for Yokohama. ing of the branch is expected, San Francisco:-Steamer Gen. with the Bank's Far Eastern re- A. W. Greeley sailed on Friday presentative alrendy in Bangkok for Yokohama, Lakeland and Brit to make final arrangements with ish motorship Agamemnon

for the Siamese · Government.→ Manila-Associated Press,

United Press.

STASSEN SCHEME GETS

A GOOD RECEPTION

Tokyo, April 3.

London, April 2. Sir Stafford Cripps, British | Chancellor of the Exchequer, sak in recorded speech broad- cast today that the results of America's Foreign Assistance Act marked a now step for- ward in the history of world civilisation and had enabled a Rome, April 2. Seven thousand employees of victory to be won in the "cold the National Bank of Italy went out on strike today to demand co-operation, he said, had with- American-European economic higher wages from Italy's lead-out doubt changed the whole ing financial Institution.

face of Europe. Bank officials said the walk- As a result of the economic out did not reriously affect finan Improvement brought about by Some quarters expressed the view that a US$1,999,- cial operations due to the mid- Marshall Ald, the Chancellor dry closing time of all Italian added, there had been a great

000,000 a year Asia Aid Programme could well banka. However, if it continued strengthening of the democratic be tied in with the Pacific Pact suggested by | for several more days, operations forces” and a weakening of the

would be seriously curtailed.

President Elipio Quirino of the Philippines. disruptive forces of Communism. The National Bank hanities

Sir Stafford, whose

Mr. Stassen's suggestion re- speech

4. Communisin is spreading all Italian Treasury finances and Blata payments to all govern ment and military

personnel United Press.

FOUR SHIPS IN LONG TESTS

Mr. Harold Stasson's suggestion for establishment of a. "MacArthur Plan" for Asia was well ro- coived here today by most American, Japanese and Allied diplomatic circles.

was broadcast by the Americonvived speculation and hope faster in Asla today than in Overseas Broadcasting system to about the possibility of General Europe; mark the anniversary of ERP MacArthur being named concluded:

**

"A movement Has

5. A little ald in Asia will been started which holds out the Ambassador at large for

this bring big results; and prospects {part.of the world with one of

greatest dopes

the

future happiness of thehis duties that of supervising 6. With the

worl."-Rouler.

GOLD OUTPUT INCREASING

Washington, April 3.

World gold production has

Aid Programme

world choosing an American

sides, the vast TESOURCES of for Asia.

Aslatie manpower must not ba Most diplomats and Allied on-overlooked-United Press. elals here sold they wanted more time to think about the idea be-

in-caking any publle con Notice To Consignees

ment on the plan!

London, April 2. *Four of the newest British/ships on the Far East run are to take part in protracted trials to deler- mine the relative merils of steam turbine and motor ships.

creased moderntely in the last

Generally speaking, however,'| The P. and O. turbine enrgo three years, the International they tended to support a "Mac- liner Shillong of 9,000 tons Monetary Fund says, gross left

because of the Southampton

The increase came despite a dron Arthur Plant today

following reasons: with a fargo cargo for the Far in the output of the Union of

Spreading Fastar East ports. Sho is the slater ship South Africa, the world's biggest

gold producer. of the Surat,

Both the ships have recom. World gold production reached modation for 12 passengers

apeake of UB11,253,000,000 In well as cargo and both were built in 1945 but since then has risen 104. It dropped to $742,000,000 on the river Tyne by Vickers-- Armstrong:

"steadily,

- On the třials they attained

AX

..

5.5. "TITAN"

Damaged cargo ex this vessoi will be surveyed at Holt's Wharf between 10 a.m. and 1. It is Toollah to believe noon on April 5 and 6, 1949, the World's. Ils can be oured and consignees are requested by merely doctoring sores on to have their representatives one alde of the globe;

A "stop Communiam" pro- present during the survey. The fund estimated that $764,-gramme for Europa is useless

BUTTERFIELD & WIRE, mean speed of over 21 knots, rate of 133 an ounce, was mined Asla

000,000 worth, measured at the unless similar steps are taken in

Agents. That makes them among the in 1947, No estimate was made

There more people in Hong Kong, April 4, 1949. Fastest if not the fastest sinals for last year. The total excides Asia and they have been hun- screve- turbines afloat,

Nussia--Associated ProgA.

grier longer than Europeans;

Fi

Karachi. fee Singapore, Penang, Madras, Cochin, Bombay, Karachi & Persian Gulf,

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

"EASTERN" •

que 15th Apr. salis 28th Apr

"NELLORK"

end Apr. salle end May

from Japan & Shenghal.

for BITIN Rabaul. Brisbane, Hydney, Mel- bourne & Adelaida. from Australia.

for Manila, Rabaul Anstralian Porte,

* Asepta cargo on through bills of lading for NEW ZEALAND a

FIJI ISLANDS PORTS,

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

Telephone Nos. 27721-4.

+

A

The SWEDISH EAST ASIA Co., Ltd.

M.V. HALLAND

M.V. TAMARA

ARRIVALS FROM EUROPE

Discharging

M.V. OLUF MAERSK

21st Apr. 6th May .Early June

SAILINGS TO EUROPE

M.V. HALLAND

Loading

*Early May

For

ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA, ANTWERP, ROTTERDAM (AMSTERDAM), {

HAMBURG, COPENHAGEN, OSLO & GOTHENBURG.

For further particulars apply:

GILMAN

IND

CO.,

LTD.

Agents,

Tel, 31148,

ISTHMIAN LINE

(Isthmian Steamship Co. of N.X.X

ARRIVALS FROM U.S. ATLANTIC COAST 8.8. "STEKL TRAVELER”

}

............................... Discharging 12th Apr.

Bails for Salgon: la

Bangkok 12th Apr.

SAILINGS TO U.S.A. via PANAMA.

8.8. “ALLEGHENY VICTORY"

for

'Loading 18th Apr.

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

For further particulars" apply GILMAN & CO., LTD.

De Agents.

Tel. 31148 Chinese Freight. Agents HIN FAT:& CO., LTD „Tolať 28828, 35659, & 13495