ROYAL
INTEROCEANE
LINES
JAVA PORTS and MACASSAR
SAILINGS
‚1st Oct. .15th Oct.
TJITJALENGKA”
"TJIBADAK"
MANILA
"STRAAT MALAKKA”
"BOISSEVAIN”
"STRAAT SOENDA"
TEGELBERG"
SAILINGS
7th Oct.
5th Nov.
30th Nov.
28th Dec,
ARRIVALS 29th Sept.
13th Oct.
ARRIVALS
27th Sept. 18th Oct.
18th Nov.
SINGAPORE, PENANG and BELAWAN DELI
"VAN RIENISDIJE"
"VAN HEUTSZ"
SAILINGS ARRIVALS
.3rd Oct.
27th Sept.
19th Oct.
13th Oct.
EAST & SOUTH AFRICA & SOUTH.
AMERICA
ARRIVALS
SAILINGS
"STRAAT MALAKKA"
7th Oct.
"BOISSEVAIN”
5th Nov.
"STRAAT SOENDA"
30th Nov.
18th Oct.
TEGELBERG"
28th Dec.
18th Nov.
27th Sept.
Calling at Mombasa & L. Marques direct.
Transhipment cargo accepted on through B's/L-to
- Dar-Es-Salaam and Zanzibar.
JAPAN
SAILINGS
ARRIVALS
STRAAT MALAKKA"
22nd Sept.
5th Oct.
"BOISSEVAIN"
28th Sept.
10th Oct
"STRAAT SOENDA”
20th Oct.
29th Oct.
"TEGELBERG"
20th Nov.
2nd Dec.
Agents: HOLLAND-EAST ASIA LINE
EUROPE via MANILA and MALAYA
*MARIEKERK"
"MOLENKERK”
SAILINGS
3rd Oct.
End Oct.
ARRIVALS
Early Oct
Transhipment cargo accepted on through B's/L to India,
Mediterranean and Northern European parts.
"MARIEKERK”
"MOLENKERK”
JAPAN
SAILINGS
ARRIVALS
2nd Oct
Early Oct.
End Oct.
KING'S BUILDING: TELS: 28015 to 28017 CHINESE AGENTS: 82. Comnavams Ro. C.TELS: 31196-25133
DE LA RAMA LINES
AKRIVING FROM U.S. ATLANTIC COAST VIA LOS ANGELES & SAN FRANCISCO
ES. DONA AURORA”
m.v. "DONA NATI"
....15th Oct.
Early Nov.
SAILING FOR US. ATLANTIC COAST VIA LOS ANGELES
ES. "DONA AURORA”
m.y. "DONA 'NATI”
Early Nov.
Late Nov.
THE DE LA RAMA STEAMSHIP CO., INC.
(Incorporated in the Philippines)
MARINA HOUSE
Tels. 23576-22675
CHINESE SHIPPING OFFICA Tell. 23738--20153
ISBRANDTSEN
(abrandtsen Company Inc.
20 Broadway.
New York 4, NY.
FAR EAST STRAITS INDIA PERSIAN GULP
MEDITERRANEAN
U., & CONTINENT 2. W. INDIES 8. AMERICA ·
STEAMSHIP DIVISIÓN
FROM
*.5. "FLYING TRADER".....In Port
SAILS FOR,
Pusan, Japan
San Francisco .& New York via Panama Sept. 24.
A. P. PATTISON & CO.
GENERAL AGENTS: CHINA, FORMOSA, KOREA, WAPAN &
HONGKONG
12-14, QUEEN'S ROAD CENTRAL, 4th floor. - TEL: 25346. Chinese Agents-LAM KEE SHIPPING CO.
5 20 Connaught Road, C. Tel. 24839,
ÄTE CHINÄ -MATTA- FRID
BER 23, 1949.
FINANCE AND
COMMERCE
PAKISTAN DECISION SURPRISES BRITAIN
Hồng Kông Stock Exchange
London,
September 21. The decision of the Pakistan Government not to de- value its rupee was given wide prominence in the British press today.
The non-devaluation decision reports from Karachi were printed on their first pages by most of the popular London doilies under such headlines as "Pakistan's Surprise" and "Pakistan Will not Devalue."
The London Daily. Mail" said Things remain fairly steady that Pakistan's decision caused
though still uncertai
H.X. GOVT. LOANS
43 1
35 Low (193 190) 100. 395 Loan, (1948) 100%. YANKS
HK S. Bak 1800, 1800, 157
C
H... Hank (Lo Rex.) ERI. Chartered Bank XD. 4105D Kerare,Bank A. & B, £231⁄2in Bank of Bast Aria 1142. INSURANCES
Canton Jr. 313m.
Usion . $650, 690x, Ether. China Underwriters Shin,
HE. Fir Ins. 5. SHIPPING
Dooclases 25UE.
HK. & H. Steamboats Tin.
Indo Chistes (Pool) 89% 1.
Indo Chinas (Del) 2001.
Sheila (Bearers 12/En. U. Waterbuka 22.
Axis Nar, S
DOCKS, WHARVES, GODOWNS, Et-
KK. Where 1050.
North Point Wharves 5,90 Shanghai Hongkew Wharves itn. XF. Docks
China Provident 11. Shantha Dockyarda "Gizi. Wheelock 23h
MINING
4
Raub Misen Ack HX, Mines 12728, LANDS, HOTELS & BLDCS.
EA S. Hate's 19h, IJs. EL Lands 45b, 50%, .. Shanghai Lande 20.
Humphreys 10a.
H.I. Realties I.D. 1902.
Chinese Estates J
PIBLIC UTILITIES
HX. Tramways 16.30b, 1670, 165x.
Peak Tram (Old) 185.
(New) 10.
Star Ferries 103.
C. Lights (014) 11.08, 12.20%, -11.55m
surprise.
The Conservative "Daily Tele- graph" declared that "the decision of the Pakistim Government last night not to devalué the rupee to relation to the dollar, in conflict with India's devaluation step, is blow to the last vestiges of econo-“ mic unity in the Indian sub-con- tinent. Pakistan will, in effect, leave the Sterling Area, while In
currency will remain soft. lia's
N.Y. Stock Exchange
New York, September 21. The stock market bounced back on Wednesday. Prices ad- vanced fractions to around two.
Stes automobiles, rubbers, railroads, radio and utilities led the advance. A total of 1,150.- 000 shares were traded High hopes of industrial pace brought reversal. Labour the market
factor in major loom was a Tuesday's decline.
The market changed just as ebruptly as the labour outlook. Virtually every group joined the
Stocks Dow Jones averages, 64.39; Industrials 180.02; Rails 46.22, Utilities 37.74.
EXPORT DUTY swing.
MOVE BY NEW DELHI
New Delhi, September 21. The Government. of India assumed
an untier powers ordinance issued tonight to a short-term view Pakis impose export duties on vege tan has much to gain by main-able oils, oilseeds, shellac, steel ning the dollar valve of her and tobacco to prevent specula- rupee. In
normal year she can tive prices, a Commerce Miais- expect to export wheat and cot-try communique said. ton. She is purchasing large quan-
tities of capital goods from the the Goverment to enhance ex-
The same ordinance empowers | doBar zres and naturally wants
to avoid paying more rupees for port duties on raw jute and jute manufactures, the communique them"
added
The influential, independent
London "Times”-printed & Reiter report under the heading "Pakis- tan Rupee Unchanged" but made no editorial comment.
Dollar Earnings The Cause
The "Manchester Guardian”, printed the new exchange rates announced by the State Bank of heading Pakistan ander
"Pakistan Out Of N, K
Pakistan's decision was be- 1ieved by financial circles here.
to have been influenced by the
fact that if she devalued, her dollar earnings through
her
It said: "If there is any attempt to raise prices by speculation the Government will not hesitate."
The Government also decided to double the foreign exchange for the import of certain starte. drugs from the United States.
The prices of such drugs are reported to be rising and stocks going underground-Reuter.
JAPANESE HELP
FOR INDIA
Tokyo, September 21. The State Department 'econo-
jute, hides and skins, and cot-mist, Mr. Carl S. Boehringer,
would dec
said today that India plans to decrease. Those emoties have been invite 147 Japanese technicians (b) &.10, 9,10. 2/9.m. giving Pakistan, since its inception to assist in the development of on August 15. 1947 a favourable Indien textile leather and hide, balance of trade with the dollar glass, machinery and electrical | area countries.
goods industries.
H.K. Electrics 21h, zia, 213072sa Macao Electrics, 20% s
Sandakan Ligha 8.
Telephones 2.
Shanghai Gas Ža.
INDUSTRIALS
Caid: Mace. Ordy 23.16m. Canton ice in
Cementa 1948. 201, 1930.
BK. Ropa 125.
STORES, Ele.
Dairy Farmes 4ên.
Waisons .429, 416, 4324/4848/
L. Crawfords – Da.
Sinceres 4.50).
China Emporium &n.
Sea Co, Ltd 2,806.
Kweng Bang Hong 1620.
Wing On (HK) 75.
Wm. Powell, L. 950. MISCELLANEOUS
Chita Entertainments. 13n. HI Constructions (Old) 200
(New) 2.
Fibre Pilings 1522n,
Margman Inverments 9/-n. Kariman. (BE) 20.
Starchai Loan 180. Yang Ja
COTTONS
Ewo 4in.
RUBBER, EG, COMPANTE'S
“Alisa Istates”
“Ri Anglo-Prich 330. -Anglo-Jares. In “East Abazes · „407.
Buse - Plantations In. Chemire United kom. Cheng Rubbers. Consolidated Rubbers in. Dorina Rabber in. Lanckat in Espah Rabbers 30. Rubber Trasta, 15. Samagaga Rubbers Ba Semaimbu Rubbers Sia, Shanghai - Nadala - 18. Shanghai-Malays län. Shanchal Scinatras in. Sungei Dars in. Tanah Merahs ta. Tebeng Rubber .400. Zangba Rubbers 25.
Money Market
US dollars receded yesterday after Wednesday sharp rise, and closed at RK 8.22 after opening
at $6.3d at HK$8.32 and
closed at $6.2244...
The decision may mean that the value of Pakistan's blocked Sterl ing briances of about £100,000,- 000 with the United Kingdom will Zecrease, these circles, said.
They felt that Pakistan had to itake her choice, between less dollar earnings and maintaining
He told a conference of Japan's Federation f Economic Organisa tions that the Pakistan Govern- ment abo had expressed interest chtaining the services of 14 Japanese technicians.
Boehringer,
who is a diplomatic liaison tofficer in MacArthur's Economic said the Japanese
and
Scientif turp countries
the value of her blocked Sterling General
the pre- balances, or maintaining sent favourable balance of trade with the dollar areas and possibly technical know-how was set forth allowing the value of the Sterling in the United Nations programme balances to depreciate.
Bigger Market
For Britain
The decision caused surprise.
for technical assistance in Asiatic economic development as pre- pared by the Economic Co- mission for Asia and the Far East United Press.
London, September 23. Proft-taking knocked prices
Stock market quotations:
19 Adams
Alaska
American Can
"
LINES
The Global Fant
TO HONOLULU & SAN FRANCISCO
"Gèners! Gorïón” "President Cleveland" "Fresident Wilson”
viq JAPAN
Art, Sept. 27 Art. Oct 15
Sails Sept. 27
Sails Det. 16
Arr. Nov. 2
Salls Nov. 3
TO SAN FRANCISCO & LOS ANGELES
via JAPAN
"President Taft": President McKinley ...
„Air. Sept. 24 Sails Sept. 25 -Sails Sept. 29 Art. Sept. 28
TO NEW YORK, BALTIMORE & BOSTON via PACIFIC COAST & PANAMA
"President Grant” - Marine Scapper"
Arr. Oct.
Sails Oct. . Arr. Nov. 1 ·Sails Nov.
ROUND THE WORLD
5
VIA MANILA, SINGAPORE, COLOMBO, KARACHI, SUEZ, PORT SAID, ALEXANDRIA. NAPLES, MARSEILLES,
⠀ "GENOA, NEW YORK and BOSTON
Anaaconda Copper 26% Aviation Corp. 95
Americao Smelting 47 American Tilephone 142% American Tobacco 72% American Waterworks
"Willamette Victory" "President Polk"
512
Baldwin Locomotive Barnsdall 49
Bendix Aviation 284 Bethlehem Steel 27 Boeing Aircraft 19% Borden Co. 45%
Pacific 14 Canadian
1. Case 95%
Chryster 51% Colgate Solvents 18
3974 Commercial
1. Coin Products 63%
Du Pont 52
Eastman Kodak 424 General Electric 37 General Motors C1% Goodrich 62% Goodyear 99%
Homeslake Mining 444 International Harvester 27% International Paper 56 International Tel: & Tel 9% Johns Manville 40% Kennecott Copper 46 Montgomery Ward 52 National Distillers 20 National Lead 32 New York Central 10% Packard Motors 3% Pan American Airways 8% Pennsylvania RR 144 Radio Corporation 11%
Rand 91⁄2
Steel 201 Tobacco 39
Schenley 28 Sears Roebuck 414 Shell Oil-36. Socumy Vacuum 1614 Southern Pacific. 394 Standard Brands 201 Standard Oil of Cal. 671⁄2 Standard On of N. F. 69% Studebaker 21%
Union Bag 24%
Union Carbide 39*%
US Rubber
US Steel 2423 US Lines 14%
Westinghouse 24% Youngstown Sheet & Tube 65 Gen. Pub. Utilities 14%.
-Associated Press
GOLD SCANDAL
Johannesburg, September 21, The Johannesburg "Star" de- South today that time
since financial circles here had LONDON STOCKS expected Pakistan to fall in line with the rest of the Common- wealth Sterling Area countries.
These circles confirmed that the decision not to devalue would give an impetus to the Dominion's in- dustrialisation because pital tish Government Bonds ralled that the Ericeel FD-5 borehold
capital goods, which Pakistan mainly im- tirmly on steady demand-Gains has been "salted right shake from the dollar areas, would throughout the list ranged up- overseas confidence in the South
African mining industry, continue to flow at the same ward to 25 shillings.
that the issue of the Government newspaper pointed out investors taking advantage of
may have been investors who week-long decline Gold stock statement was timed to protect
issues fell of
away. by the excitement and American
@pid rush sharply on profit-taking British of the evaluation industrials mostly declined
obeam, but it regretted that the market rumours that the Gor investigation was not completed cument may increase its tax on before the Shocking news was company profits
flung to the public. Reuter,
down in the London stock mar-clared
et after Tuesday's boom but Bri- African Government's disclosure
prices
Pakistan, however, would have to increase her export drive be cause of the keener competition that her goods would now be faced with in the
the dollar countries. Her decision will mean that British goods will be sold more cheaply than at present and this will create, a bigger market for Britain in the Dominion, they ob- served. Reuter.
RUBBER MARKET
Singapore, September 21, Pubber closed this afternoon at over cents, drop or 1 Tuesday's closing PriceAsso
2
ciated Press.
Piastres dropped to HK$11.70
Ice Purchases were believed to be
Financial Times index 1079, off 24-Associated Press.
Notice To Consignees
M/Y “REINHOLT.
Notice To Consignees CONSIGNEES PER BARBER- WILHELMSEN LINE,
M.V. “TAEN”
Having arrived Hong Kong consignees of cargo are hereby are hereby notified that their notified that all goods have cargo is being discharged into been landed and placed at their the Hong Kong & Kowloon risk and expense into the 80 where it will be at consignees Wharf & Godown Co's godown downs of the Hong Kong and risk and subject to the Wharfs Kowloon Wharf and Godown terras and conditions of storage, Co., Ltd where delivery may and where delivery may be be obtained as soon as the goods obtained. Sterling notes showed a fur-a 100.)
improvement
Ticals at HK$26.50 a 100 were are landed. yesterday, ther obting at HK$15.10 and closing again unchanged.
Damaged packages are to be NEW Guilders at $15.40,
dropped to
No
claims will be admitted left in the godowns for Australian pounts closed at HK$23.30 a 100 after opening at after the goods, have left, the amination by Consignees and HK$1180 after opening at $11.90. $23.75.
godowns or failure to attend the Company's surveyors,| the survey.
Messrs. Goddard. & Douglas-at- 10 am on the 24th September.
HONGKONG/MACAO
DAILY SAILING:
M.V. "HONGKONG
CHINA MERCHANTS S.N. CO. From Hongkong
15. Connaught Road, West,
DEPARTURES
S.S. "TIEH CHIAO” Ecolor
S.S. “HUNG CHANG" Keelung
SS "HAI SHIA”..... Singapore
Telephones: 31633-34938
BRANCHES IN ALL DOMESTIU
24th Sept.
25th Sept. 27th Sept
FOR PASSAGE & FREIGHT PLEASE APPLY TO THE ABOVE
From Macao
Cabin":
Saloon
5.30 PM. Tung On Wharf
10 A.M. No. 14 Whar
2nd Class
8 Steerage
Passenger Tickets Obtainable (before sailing time) at Tung On Wharf,
For Patytiger Tickets Reservation And Freight Particulars Please Apply to:-
TAK KEE SHIPPING & TRADING CO., LTD. 136, Connaught Boad Central.
fels: 22338, 27091
ex-
All broken, chated and dam To comply with the General aged goods are to be left in the godown where they will be Bonded Warehouse Regula- examined in the presence of tions, consignees must have a Messrs, Goddard and Douglas Revenue Officer in attendance on the 23/8/49 at 10 a.m.
when damaged dutiable goods
Arr. 02. 1
Sails Oct `2
Arr. Oct. 1S
Sails Oct. 20
TO JAVA & STRAITS
"Marine Snapper"
Opposite Star Ferry
Arr. 'Sépt. 22
Tel. 28172/5.
Sails Sept. 24
BEN LINE
SHIP
"BENAVON"
**BENWYVIS”
"BENVENUE"
"BENLEDI"
"BENLAWERS”
"BENRINNES”
**"BENARTY”.
"BENVORLICH”
SHIP BENAVON” BENVENUE” BENLEDI" “BENLAWERS”
"BENNEVIS "BENWYVIS"
"BENARTY"
"BENRINNES"
(TO AKO ZLẨM VOT TAB BÀSE
ARRIVALS
FROM
.UK. via Singapore
SAILINGS
TO
London, Antwerp, Rotterdam, Ham- burg & Hall
DUE
5th Oct. 15th Oētie
27th Oct.
31st Oct.
19th Nov.
21st Nov.
23th Nov
10th: Dec.-
LOADING 8th Oct. 30th Oct.
5th Nov. 23rd Nov.
Liverpool, Glasgow, 8th Oct. Dublin, Hayre, 7th Nov. Antwerp, Rotter
dam & Hamburg, 20th Dec.
Genoa, London, Hull & Leith
25th Nov.
via Malaya, Colombo, Aden, Port Sudan & other way port
Accepts cargo for Japan...
Omits Hamburg, calls at Genoa.
Omits Hamburg, calls at Leith.
For Further Particulara. Apply To-
- W. R. LOXLEY & CO. (CHINA) LTD.
Agents
-York-Building,
Telephone: 24165,
THE EAST ASIATIC CO., LTD.
S.S. "NIKOBAR
LOADING ABOUT 25th SEPTEMBER for
SAN FRANCISCO, LOS ANGELES, PORTLAND SEATTLE & VANGOUVER
M.S. "MORELIA”-
LOADING ABOUT 7th OCTOBER for
ADEN, PORT SAID, ANTWERP, ROTTERDAM, HAMBURG. OSLO, GOTHENBURG & COPENHAGEN Tanks available for the carriage of wil in bulk.
THE EAST ASIATIC CO., LTD. Queen's Bldg, 2nd floor.
Tel. 34111 & 34112
KLAVENESS LINE
SAILINGS
Direct to Los Angeles, in 16 days Thence San Francisco, Vancouver, Seattle G
To comply with the General are examine will be omitted MS. "SUNNYVILLE Standing 29th Sept.
ARRIVALS FROM PACIFIC COASTA
Bonded Warehouse Regula after the goods have left the tions, consignées, must have a steamer's godowns, and all Revenge Officer in attendance goods remaining undelivered When examining damaged duti- after the 25th September, 1949 M.S. CASTLEVILLE". able goods. All claims against will be subject to rent.MIS "BOUGAINVILLE" the vessel must be presented to the Undersigned within four- teen days of the ship's arrival, or they will not be recognised No fire insurance will be ef- tected"
VALLEM & CO...
Agents, me 341779
Hong Kong, Sept. 20, 1949,
All claims against the steamer must be presented to the Undersigned on or before the 1st October, 1949 or they will not be recognised
No Fire Insurance will be effected.
DODWELL & CO., LTD.
Agents Hong Kong, Sept. 20, 1943.
21st Nov.
Sailing to Singapore, Port Swettenham, Penang, Belawan & Batavia
M.S. "CASTLEVILLE"
Passenger Accommodation. T
Chinese Freight Agents, HOO FOOK-PING
Bulk Gll Tanks
Applys
Oct.
THE BANK LINE (CHINA) LTD. King's Building Tel 27792. THE BANK LINE" (Url % Lád
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