1949-05-26 — Page 14

ROYAL

INTEROCEAN

"TASMAN"

LINES

JAVAPORTS ond MACASSAR

SAILINGS

.26th May

9th June

“ĪJITJALENGKA”

"TJISADANE"

.23rd Jone

MANILA

'"'TJITJALENGKA”

ARRIVALS

26th May 9th Jane

-SAILINGS

..27th May

AMOY and SWATOW

ARRIVALS

6th June

ARRIVALS

SAILINGS

"VAN RIEMSDIJK" ..........

26th May

SINGAPORE, PENANG and BELAWAN DELI

"VAN RIEMSDIJK"

"VAN HEUTSZ"

SAILINGS ARRIVALS

27th May

10th Juno

·

1st June

EAST & SOUTH AFRICA & SOUTH AMERICA

SAILINGS

ARRIVALS

"STRAAT SOENDA"

26th May

"TEGELBERG"

.23rd June

7th Juna

"ТИКАМРЕК"

18th July

"KUY8"

.10th Aug.

10th July

Calling at Mombasa & L. Marques Direct. Transhipment cargo accepted on through Bs/L, to Dar-Es-Salaam and Zanzibar.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA and MALAYA

"MOLENKERK”

"MEERKERK“

“AMSTELDIJK“

"RIJNKERK"

'MOLENKERK“

SAILINGS ARRIVALS

4th June

End Juno

Early June.

End July

Early July

....End Aug.

Early Aut.

SHANGHAI and JAPAN

SAILINGS

ARRIVALS

1st June

Transhipment cargo accepted on through Bs/L to India, Mediterranean and Northern European ports.

KING'S, BUILDING: TELS: 28015 to 28017 Chinist Abants: 82. Connaught Ro.C.Tels: 30196-25133

DE LA RAMA LINES

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

m.v. "DONA NATI"

* M.V. "BATAAN"

In port

In port

SAILING FOR U.S. ATLANTIC COAST VIA SAN FRANCISCO & LOS ANGELES

m.v. "BATAAN

5.B. "DONA AURORA" (calls Japan)

my. "DONA NATI"

饺

+1

}

27th May

15th June

22nd June

INC.

CHINESE SHIPPING OFFICE

Tola. 23738--20153

THE DE LA RAMA STEAMSHIP CO., Į

(Incorporated in the Philippines)

MARINA HOUSE

Tels. 23676-22875

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN ⠀⠀⠀

M.S. “KOREA”

LOADING ABOUT: 20th June

for:

ADEN, PORT SAID, ANTWERP, ROTTERDAM, HAMBURG,

. OSLO, GOTHENBURG. AND. COPENHAGEN..

Tanks available for the carriage of oil in bulk,

1

S.S. TAHSIS"

LOADING BEG. June for

VANCOUVER B. C. vla Japan

THE EAST ASIATIC CO., LTD. Queen's Bldg., 2nd floor. ‚← Tcl 34111 ́& $4112.

THE PACIFIC ORIENT EXPRESS LINE

M. V. "VINGNES”

Loading about 29th May, 1949.

SHANGHAI TAKAO, YOKOHAMA & KOBE,

· For, particulary pinasu apply təza

WALLEM

Hongkong

COMPANY

THE CHINA MAIL, THURSDAY, MAY ́ 26,- 1049.

FINANCE

no damno svitnicised

AND

COMMERCE

SEVERE BLOWS TO BRITISH EXPORTS

Hong Kong Stock Exchange

The more popular stocks have; hada sel-back and register o drop in rates. On the other hand it would appear, from the ardount af business transacted, during the short session, that there is quite a number of buyers to whom the lower prices appeal..

UK GOVT. LOANBY

24 Iven (193

1943) 10in. Bi đoạn 111481 103/ HANKS1

ILK.

Blank 1540b. 1505, Lon. Reg.) Labin. Chartered Hank £11-1/18n. Mercantile Bank A. à 1, LUI«. Bank of East Asla 115m. INSURANCER.

Cantus Inя, BJOB.

Union Ina, €55.

Chinn Unterwelters 6.80. 1.K. Fire bun, 220n. SHIPPING

Douglas X.D. 212.

ILK. AM. Steamboats 17in, Indo China (Pref.) X.D. 900

!DI. X.D. 10.

Shell (Barer) 667-1-

Union Waterhosia 20ju. Aala Nav, 100.

DOCKS, WHARVES, GODOWNS, Etc.

1. K. Wherves 180b, 150cm.

North Paint Wharves 4.

Sh. Hongker Wharvet 18n.

H.K. Doce 20.

Chine Providents 12ận.

S'hal Dockyards Th

Wheelocks 275.

MINING

Ilmub Mines 445.

H.K. Min

tin.

LANDS, HOTELS AND BUILDINGS:

1.5. Holele 12.400.

1.K. Lanta 30.

bal Landa 2.60n.

Humphreys II.

.:K. Itealties 211.

Chinere Estules 185.

PUBLIC UTILITIER:

H.K. - Tramways' 16h, 101a, 183/16««, Peak Truma (Old) 19m.

(Now) 105.

Star' Ferries' TOBA.

C. Lights (0) X.D. 18.805, 19),

13.60/1Ras.

(New) X.D. vb. 9.00, 0.077.30am. I.K. Electrics.828, 38a, 34}/82]48. Macao Electries 24łn.

Bandakan Lights D.

Telephone #2}..

Shanghal Opa to.

INDUSTRIALS1

Cald. Marg. (Ord.] 28h.

Canton Ice

7n.

Comenta 28js, 15jon.

IFK Rover 100.

Í STORES, Biel

Dairy Farms 23, R5, 56/Sisa. Watsorts 44b, eksaktɔn.

1. Crawford (Old) ́26n.

(New) n.

Sincere K.

China Emporium On.

Sun Co., Ltd, 3.40m.

Kwon Sang Hong. 13h.

Wing On (L.) Dan.

Wm. Pawell. Lu, X.D. in. MISCELLANEOUS

"China-Entertainments X. Rs. 18.

1.K. Constructions (Old) in.

(New) Jin.

Vibro Plinge 16.

Maruman Investments S/-8. Moreman (11.K.) In.

S'hai Loan 21,

Yangteses ijn

COTTONB

50 $13, #tea.

RUBIER, E., COMPANIES!

Alma Fatates, tin,

Halu Anama, 20. Date Planations in.. Chemore: United 30a. Cheng Robbers 136. Consolidated; Rubbers In Dominion Rabbera in. Padang Rubbere »£ão. Repah Rubbers „18n. Rubber. Trusts Jh. Samba Kubbers.700. Semambu Rubbers, „J0n. Shanghai, Kedahs Inc. Bhanghai-Malaya An..

Shanghai Sumatras „ión.... Sungel Parts, J.

Tanah Meraha 50n.

› Tedong, Rubbers „100. Zlangbe. Rubbers in..

Money Market

Morking down of the Sterling

London, May 24,

| Within a wook of each other import restrictions from two Storting countries, India and South Africa, have come as a severe blow to British exporters. Both countries have clamped down on imports on.

⚫ similar grounds, namely, the countries concern- ed cannot afford the luxury of spending sterling at the rate they have reached in recent times from the point of view of long-term 'national

economy, ... Apart from conserving

their e 'Sterling credits these restrictions)

about h will help in bringing closer approach to an equilibrium

payments with. Britain. In the matter of Sterling ar- rangements South Afrien's posl tion is different from India's. South Africa has

no Sleeling balances in this country like those of India, and South Africa's purchases in Britals are Bnanced by drawings from the 1045 gold 10ust to Britafu of £80,000,000 apart from her Dwn current earnings.

Africo

Up to May 13, South used up £30,000,000 out' of this loan. Under the terms of the loan Britain has to repay.

this loan

affer Sterling adjustments 1a 1951 In gold and it is to the ad- |-** vantage of the Union to conserve

as much of this loon as possible to be drawn in gold.

Further Drops

From British exporters! point of view although exports to these! countries can be considered "un-

requited," these restrictions are bound to lend to further drops in Brilish experts especially of con- sumer goods.

HK Exchange

New York **Stock

Exchange

Now York, May 25.

The stock market dirfied dowa-

ward to the lowest level since Feburary. It was the sixth decline In the last seven sessions. LossES Tow-top- were mostly smail, sing..

equally small gains Some share managed

Transfer jotalled 840,000.

Experts agreed that the market has monocuyred itself into critica price territory. A break-out from the long period of extremely narrow, price movements is widely expected--but opinions differ on

Rate Adjusted whether it will be up or down

London, May 24. The continued Influx of refugees Into Hong Kong #gain forced the authorities to intervene in the exchange market.

The ·rate Ром the Horg Kong dollar has been adjust** ed to 172-27732nds to 1/3. compared with the previous rate since May 17 of 1/2-7/8 to 1/3-1/32-United Press,

CRISIS OVER FRENCH BUDGET

Paris, May 24.

The French Prime Minister, M. Ilenri Queuille, facing a crisis over the Finance Minis- ter, M. Maurice Petsche's, plan to meet a 83,100 million franc If alternate

deficit, has decided to ask the found,

and alternate markets for National Assembly's Financé goods are Cominission to reconsider its luxury and consumer not easy to find, the whole pro-rejection of the key points in ccga of industrial clogging can the plan. be anticipated.

markets are not

har

On their first reading, the Com- Thus Britain la faced with

among other mission rejected, the problem of having it both clauses, a proposal to put petrol ways--keeping up volume

on unrestricted sale at a higher of experts as well as keeping price, which it is estimated will down her advances to coun bring in

22,000 revenue of tries from the Sterling million francs. balances.

The Assembly today resumed

It is therefore to be expected its critical debate on the Petsche that when the Indian Anancial proposals, while the Prime Minis

Coalition with delegation visits this country in ter conferred laid by Britain not on the rate of Party leaders in a last-minute at- June, greater stress may well be tempt to find a compromise over spending by India but on the means of meeting the deficit and need, from Britain's point of future policy on nationalised in- view, of increasing India's earn- dustry. Reuter.

ings in Sterling by selling Bri- tain more of the raw materiais she needs,

Only Way

Britain at prezent not only feels the shortage of raw mater- lals which she used to get from India before but she has to And hard currency to buy them in other markets.

On the side of Indin these raw materials are valuable dollar carners to supplement the slender quota of dollars allowed by Bri- toin.

The advantage, therefore, in the coming Stering talks is still with India as it is as much in the interest of Britain to keep India supplied with Sterling by further releases in order to keep up her export drive. The only way Bil- tain .can also hope to get more raw materials diverted to her will be by a larger release of dollars to meet India's pressing requirements of capital goods- Rafter.

ECA SHIPMENTS

Washington, May 24. European Marshall Plan coun

tries which use more foreign than

FRANCO-FINNISH TRADE FORECAST

Paris, May 24.

The Finnish Minister for Trade und Industry, M. Unno Takki, to- day "foreshadowed, «. considerablo increase in Franco-Finnish_trkde,

to

Speaking at a trado for in! Parla, he said: "In general the valuo of Finnish exports France has been higher than that of Finnish Imports from France. In recent years this proportion has lessened little by little?... Reuter.

NY RUBBER

New York, May 20.. Crude rubber fatures closed quiet, with no sales. Crude rubber number one futures closed 50 to 65 lower, sales 181 contracta-

May 17.05 blet.

17.20 to 2

.17.24. September, 17.15 to 17.18. Decomber 17.00. Spot number one

ribbed, smoked sheets 17% nom. -**** Associated Press

Among stumblers some hit ting new laws for the year- United Frult, Pepsicola. Common wealth and Southern, Americar RadiatorAmerican Airlines. Among the few gainers were Dov Chemical, Allied Chemical, J.C Penney

Dow 3dries" dverages:" Stock 0191 Industrials 271.40; Rall 40.351 Utitles 85.43.

Closing quotalfons

Adana Expr. 18

Almski June 2 American Can: 904 American Ameltlast 43% Agierte Telephone's 140% American Tobares: 10 American Waterworks) 1% Anaconda Copper: 24 Aviation Corporation Baldwin". Locomotivat 10 -Harmadall: 43%

Bendix,lation: 2013 Bethlehem Biem): 2016 Boeing Alterafts,20% 1 Borden Company: 41% Canadian Pnetfle: 12%

J. 1. Caso 1%

Chrysler „49%%

Colgate 84%

Commercial Bolwenter 14%

Cur Products: 65

Dupont 189.

Eastman Kodu: 40%%

Electric Light whit Power: 25%%% General Electric: 58 - General Motors'i, 86

Goodrich: G935

40%

Goodyear: 40%

·Homuniako Mini Internationaf Harvester: #K Internațional Paper: 45%%1⁄2 International Tel and Tolu 0% Johns Manville: 24 Kannecott Copper: 45% Montgomery Ward: 80% National Distillers; 27% · National Lend: 28 New York Central: 11

Packard Motora: 15% Pan-American Airwayn: 0% Tannyivania, 23:15 Radio Corporation 11 Toni Bil 11

Remington Rand: 6% Republie Steel: 20 Sans -Roebucks #7 Shell Oil: 34

Socany Vacuumi 13.

Bouthern Pacior 41

Standard Brands | 18% Standard of California: st Standard Oll of NJ: 66% Studebaker: 18%

Union Pay: $

Unlus Carbidet" 87 UB Rubbers 37%

2 CS Steel; any

US Lines 1332 Westinghouses. - Z71%.

•Youngstown Sheet and Tube: 61 -- General Pabile. Udllileer-18%

-Associated Pema.

LONDON STOCKS

T

London, May 25.- The Stock Exchange waa dul cn Tuesday under the influence of a threat of labour trouble on Bri- Hish railways. Gilt-edged securi- ties closed fractionally lower and mung small, declines appeäred in industrials. Kafirs were irregular. Mining and oil stocks 'quiet.

Financial Times index 112.8. Associated Press.

Notice To Consigneos

Consignees Per

5.5. "BENRINNES" are hereby notified that their

American ships for collecting CHICAGO ::GRAINS cargo is being discharged into

Marshall aid goods will not be paid relinbursements in dollars for the value of the tonnage and shipping coats exceeding the 50 per cent requirements; of Ameri- can law,

This new policy was announced rate by another one alxteenth of today by the Economic Co-open- nenny yesterday started afresh | tion Administration. The ECA re rumours that, the Hong Kong quires that at least 50, per, cant af dollar was going to be devalued af Marshall Plan shipments be by this gradual cutting-down carried in United States ships, a

market rates for United States process, and wears

Rates for foreign currencies dag vessels-Router. especially U.S. dollars, in conse- quence, ("gain took the upgrade, after the previous day's weaken-

|---Ü‚S? döllers "closed" at

"after:bpening-át $7.85. -Fluctua-j tions ranged, from $7,83 to $8.03.

was put through at 87.70 Farid

Plastres opened at tĺk$14.40.A -100, went up to $15.50, and closed

at $15.20, A NEK

Tteals

mado a further climb IIK$20 a 100.

NEI

on the other hand, dropped to: HK$40 a 100, after opening at $24.6222

·Siscling opened at:HK18.70 and, closed at $18,00..

to

Australian Pounds were weaker, 'at#HK$1540, "KAMA

U.S.

REASURY

10

dalo

Cixiengo,

*May 20. Groin priece advanced with wheat leading the way. Wheat closed 3/4-1 3/8 higher.

July $1.98 1/2-3/3: September $1.07 7/8—$1.05 December $1.99 1/3-1/4 Į Com 1/4-3/4 higher. Cats 1/8 higher lo 1/4 lower, Ryo 1 1/2 higher. Boybeans-3/4-1 6/8 higher. Associated Press.

Notice To Consignacs: PI CONGRESS

Manila, May 24. || M/S, "MARCHEN "MAERSK”| President Quirino has not yet arrived May 22, 1949, decided on whether or not to call]ENT

special session of Congress at Cargo shipped from U.S.A this time, GA

by the above: vessel; and des- If such a session is called, the tined for President, using his emergency powers to convene the Legisla tors, it will act

on important legislation, left out as the result was discharged at: Hong Kong week or compress, cut onto the premises of the Hong of the abrupt adjournment political manoeuvring-Router, Kong & Kowloon Wharf" & Godown Co., Ltd., according to

NY COTTON»

New York, „May.

Colton fúlurns were iregular slow trading. Closed 30 cenla, bale lower to 18 cents highw

July 1347-48 19

October 29,00, 77% ask fo 、,。 December 18,84, 2001, dat 18,059,89||4March 8,72) nominal

May 28.54 nomina!.,

o 2011 27.7 Sanominada Middling:Spos;SKAI,

SHANGHAI:

the Hong Kong & Kowloon Wharf & Godown Co.'s go down, where it will be at Con- signees' risk and subject to the Wharf's terms and conditions of storage, and where delivery maybe obtained:

Damaged packages are to be Telt in the Godowna for ex- amination by Consignees and the Company's surveyors Ments. Carmichael & Clarke, af 10 a.. on May 28, 1949. Į To comply with the General Bonded Warehouse Regulations Consignees must have a Ret venue, Offices in attendance when-damaged dutiable goods are examined

No: claims will be admitted after the goods have left the steamet's godowns,,; and ́ ́all after May 30, 1949, will be gooda remaining - Undelivered

subject to rent

All claims against the steam- the terms and condition of the er must be presented, to the Hill, of Lading, where it now undersigned on or before is lying at the risk and ag- June 14, 1949/or they will penses of Cargo Owners, who not be recognised.

•ure=requested to: surrender to No Fire Insurance will be Fus the relative B/L duly, on affected."

dorsed for countersignaturé, bo bra tha dulivery, may be effected.

JEBSEN & CO.,

W. R. LOXLEY & CO

(CHINA)-LTDA

Agents

Honghonis

Ma”- 28,9114E.-:

AMERICAN PRESIDENT LINES

The Global Fleet

TO HONOLULU AND SAN FRANCISCO

vla SHANGHAI & JAPAN

*President Wilson

"General Gordon" (via Manlia & Japan).

"President Cleveland"

June 12

Jane

July 20

TO SAN FRANCISCO AND LOS ANGELES

via JAPAN

"President Talt” · agensquar "President Madison"

May 28

June

TO NEW YORK, BALTIMORE & BOSTON via PANAMA

“President Johnson". (Direct to Pacific Coast)

'President Harrison" (Direct - toʻ Pacifio-Coast).

ROUND-THE WORLD ...

June 18

July 12

VIA MANILA, SINGAPORE, COLOMBO, KARACHI, SUEZ,

PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES. ...

'GENOA, NEW YORK and BOSTON "Marine Snapper" (Singapore Directy “President Polk"

́TO NEI. & SINGAPORE

"President. Harrison" "President Filmore". Opposlto:Star Ferry.

June 1 June/15

June July

3

Tel. 28172/

BEN LINE

SHIP "BENRINNES" "BENAVON" **BENART"

"BENVENUE"" "BENLOMOND" "DENVRACKIE” "BENLAWERS"

*SOIP

"BENAVONG "BENVENUE" **DENLAWERS"

ARRIVALS

FROM

..U.K. via Singapore

do

do- do-

SAILINGS

TO

London, Antwerp, Rotterdam, Ham- burg & Hull.

[“DENBINNES"......Liverpool, Glasgow,

"BENARTY"

BENVRACKIE"

1"BENLOMOND

& Leith.....

Liverpool, Glasgow,

Hayes, Antwerp,

Hotterdam, Hamburg..

DUK

In port...

28th May. Early June. 1st half June.

2nd half June, End June.

Early July,

LOADING

29th May. 2nd half June, 1st half July.

26th May....

2nd half June. 1st half July.

...Genoa, London, Ant- 2nd half July.

werp, Rotterdam & Hamburg.

* Accepta.cargo Kor-Japan...

↑ calls at Port Sudan.

Für Further Particulars, Apply. To-

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

York Ballding...

Agents

Telephone: 94158

ISBRANDTSEN

Isbrandtsen Company, Inc. -

30 Broadway, Ad

New York 4, N.Y.

FÁK - HAST-4 STRAITS • INDIA'." PERSIAN GULF → MEDITERRANHAN

UL.' & CONTINENT → W. INDIES *'8. AMERICA !

STEAMSHIP DIVISION

5.S. “STAR OF SUEZ?

...FROM

Manila

Dua June: 11.

BAILS FOR

Kobe, Nagoya, Yokohama, Sau Francisco & New York via Panama Canal June 12.

"

Tanks for Oil in bulk & Refrigerated Cargo Space avaliable. First Cinse Persenger, Accommodation with limited number of cabina de luxe, your

8.S."SIR JOHN da port

* FRANKLINA ↑

S.S. "FLYING".

CLOUD".

Japan Duo Mar 20,-

Shanghai, Taku-

Har, Fusan,... Tokohama, Nagoya, Kobe & New York via Panama Canal May 27.

A

Manila, lofto, -San Carlos, Kohsichang, Singapore, Bombay. Karachi, Alexandria, Genos & New York ¿May BETONNA

A. P. PATTISON & CO.

F

GENERAL - AGENTS:, CHINA, FORMOSA, KOBRA, JAPAN,

HONGKONG, "T ́18-14, QUEEN'S ROAD CENTRAL," (th' floor," TEL: 253

Chinese Agente: A-LAM, KEE, SHIPPING CO

«Vas Kondaught Road -Gộ: Tel. #24525,-

KLAVENESS LINE

OXORA SAILINGS

Direct to Los Angeles, In 16 days Thence. San Francisco, Vancouver, Seattle & Portland M.S. "SUNNYVILLE" SAATJADA. 30th May ARRIVALS FROM PACIFIC COAST M.S. “CASTLEVILLE” (

21st Juno M.S. "BOUGAINVILLE”

22 July Salling to Singapore, Port Swettenham

Penang, Belawan & Batavia ma

INGAUR8th May

MS: “FRANCISVILLE,

`Radeskiger Apomnimodation N Chipkid Truj

HOO BOOK PING

Walk Of Tanks

THE BANK LINI

CHINE