1949-09-27 — Page 12

Page

ROYAL

INTEROCEAN

THE CHINA MAIL, TUESDA

∙1949.

FINANCE AND COMMERCE

LINES RESUMPTION OF FREE

-TIN DEALINGS IN UK

JAVA PORTS and MACASSAR

TJITJALENGKA"

"TJIBADAK"

"STRAAT MALAKKA”

*BOISSEVAIN”

"STRAAT SOENDA”

"TEGELBERG”

*SAILINGS ARRIVALS

.1st Oct.

15th Oct.

MANILA

SAILINGS

*th Sept

13th Oct.

ARRIVALS

27th Sept.

7th Oct

5th Nov.

30th Nov.

28th Dec.

18th Oct 18th Nov.

SINGAPORE, PENANG and BELAWAN DELI

"VAN RIEMSDIJK”

"YAN HEUTSZ

SAILINGS ARRIVALS

EAST & SOUTH AFRICA & SOUTH AMERICA

Hong Kong Stock

Exchange

The Markets "tregular witės little business passing

F.K. GOVT. LOANS

43 Loan 1056.

Loa (1524 & 1548) 306 1995 Load (1942) Liga,

DANKS

3rd Oct

.. 13th Oct, '

-27th Sept. 13th Oct,

B

SAILINGS

ARRIVALS

"STRAAT MALAKKA”,

7th Oct.

"BOISSEVAIN” ****

5th Nov.

"STRAAT SOENDA”

30th Nov.

27th Sept. 18th Oct.

28th Dec.

18th Nov.

2

"TEGELBERG”

Calling at Mombasa & L. Marques direct. Transhipment cargo. accepted on through B's/L to

Dar-Es-Salaara and Zanzibar.

JAPAN

SAILINGS

"STRAAT MALAKKA”

"BOISSEVAIN”

29th Sept.

"STRAAT SOENDA”

20th Oct.

"TEGELBERG"

20th Nov.

----

ARRIVALS

5th Oct.

11th Oct

31st Oct.

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 ports.

“MARIEKERK"

"MOLENKERK”

1. & S. Bank 155, 1560.

Lan. Br.) 5. Chartered Bank 215 6. Mercantile Bank A. & R. CANám. Bank of East Axia 1145.

INSURANCES Canton In. 3064, 31da. Union Ins Gich, stavit China Underwriters 1940. HK Fire I, 2106, s.

Daugiamen

SHIPPING

HK & M. Steamboats 11m. Indo Chinas (Part-) #9lau.

(Def.) from

Shells (Bearer) 75%. Union Waterboats 12n. Aria Nav. 55.

DOCKS, WHARVES, GODOWNS, Etc. KK & R. Wharves 2004.

North Point Wharves 3,500 - Shanghai Hongkew Wharva lin. XX. Dock 16-50%

China Providents 11án. Shanghai Dockyards . Wheelocks 25.

MINING

Rash Mines 61⁄4k 25* H.K. Mines 01

LANDS. HOTELS & BLOGS.

H. & S. Hotels 104ub, 20.49/20sn

XX. Landa 45%, 4%/50

Humphreys 1820.

Shanghai Lada 150p.____

:

HK Realties XD. 1.362.

Chinet Estates · 16%

PUBLIC UTILITIES

K.K, Texnware 1500b, 15, 16/17, Minn.

JAPAN

SAILINGS

ARRIVALS

2nd Oct.

Frak Trias (OM). 182.

. Early Oct.

End Oct.

Star Ferries 102.

KING'S BUILDING: "TELS: 28015 to 28017 CHINESE AGEnts: 82. Comment Rs. C. Ters: 31196-25133

DE

LA RAMA LINES

AERIVING FROM US. ATLANTIC COAST VIA LOS ANGELES & SAN FRANCISCO

1.4. “DONA AURORA”

m.v. "DONA NATI"

....18th Oct. .Early Nov.

SAILING FOR US, ATLANTIC COAST VIA SAN FRANCISCO & LOS ANGELES

B.S. "DONA AURORA" ..(Calls Japan)

'm.v. "DONA NATI" .....(Calls Japan)

Early Nov. Late Nov.

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

CHINESE SHIPPING OFFICE Tela 23788—20153

MARINA HOUSE Tyls, 23876-22675

HOLLAND EAST ASIA LINE

S.S. "MARIEKERK"

LOADING 2nd OCTOBER

· for

MANILA, SINGAPORE, ADEN, SUEZ, PORT SAID, ALEXANDRIA, GENOA, MARSEILLES, ANTWERP, BOTTERDAM, AMSTERDAM, HAMBURG, COPENHAGEN, GOTHENBURG and OSLO.

Agents:

ROYAL INTEROCEAN LINES

King's Building, Connaught Road. Tels. 28015, 28016, 28017.

“WEEKLY CHINA MAIL'

CONTAINING ALL THE LOCAL NEWS

OF THE WEEK FROM THE

“CHINA MAIL" & "SUNDAY HERALD"

Price 50 Cents

ON SALE EVERY THURSDAY.

C. Lib. (0) 11, 11.30a

(New) 610, 8.50, $5

F.K. Eletries migh, 21a, 191⁄2ır. -Kacao Electrica 20125,

Sandakan Lighte Skis,

Telepiezas 23.

Shanghai Gas 20

INDUSTRIALS

Cald. Mar. (Ord. p.

Capton Ices 70.

Comments 29, 200.

HF. Ropes 12h.

STORES, Etc.

Dairy Farma 29, 3

Watsons 43

L. Crawfords 17.

Sinceres 4.82b.

China Emporium - Sta. Ben Co., Ltd. z.rob.

Wier On (HS) '**n. Wm. Powell Ltd $14.

MISCELLANEOUS

China Entertainments 150: K.K. Constructions (Old). 2.350,

Vibes Pilinza lín.

Karsten inamtments 5/-e Marsman (LX) Shanghai Loss 1.400. Yanstuces Z

Σws 4.60%

COTTONS

HUBBER, EL COMPANIES

Alma Estates 16.

Anglo-Ditch "300.

Sayko Javza In

Bate Anains

ca.

Este Plantatiora, *.

Chrome United Chirag Robbers 2 Consolidated Rubbers in. Dominjon Rubbers in Langkate in." Brush Rubbers 201 Rubber Trus14 Zb.. Samazaga Rubbers „705; Samambu Rubbers 191.. Shanghal Kedah In Skapsbai-Malmon, 125, Stanghal Sumatres je. Babe Dexia 13. Tanah Merako Jis Trbour Babbera n. Tangbe Picbbers Ja

New Rate For The German Mark

Bona, September 25. German sources believe that the Allied High Commissioners in Germany have reached a tentative agreement on the devaluation of the Deutsche mark

It

London; September 25. The Ministry of Supply announced today that it intends to discontinue the bulk purchase of tin as soon as alternative arrangements can be made..

Discussions are in progress between the Govern

ment and the Committee of the London Metal Exchange with a view to the re-opening of the Exchange for dealings in tin at the earliest practicable date the announcement

"It is expected that the Singa- pore market will also reopen".:-

Sales of tin which were, sus- pended after the devaitation an- noupcement a week ago will be resumed by the Ministry 15- morrow, Monday.

last war, was expected to come for the ether earllar "than metais. The Ministry has been studying the question for many: months

፡፡

For the other metals, however, it has argued that if it stopped ........

countries bulk buying other

The price of Straits tin for sale in the United States will be re- would take-all the soft currency duced from $1.03 to 95 cents per metals and force Britain entirely pound

The on to hard currency metal. clf New York. price to other customers will be the equivalent ptice in: Sterling, namely, as per ton ex-smelter: Sydney Campell, Reuter's fin- ancial editor, writes:

Tonight's announcement means

Repercussions of the higher Sterting price of tin on the prices of manufactured goods are likely to be widespread but generally small probably smaller than for the other: metals.

Manchuria As Base For Industry

San Francisco,

September 25.

The Pelping Communist radio said today that Mari- -churia 'will be a heavy Indus- trial base of the new Chinese People's Republic."

abroad

The broadcast tended offset speculation that Manchuria might remain out of Communist China, as An Independent pro-Russian to Outer country, similar Mongolia-Associated Prest

RECORD HARVEST EXPECTED

Paris, September 28.

A post-war record wheat har- rest in Europe is in sight. This is the picture given by an As- sociated Press survey of 14 na- tions

An American

expert forecast that production may be better than last year when Europe, ex- clusive of

the Soviet Unio≈

This produced 36,800,000 tons. was 86,5 per cent of the pre-war that to some extent the Ministry Tin is very widely used, but average. of Supply is splitting with, the the cost of tin Is cply a smaïl France produced 7,849,000 tons this year, a gain of American consumers the price diffraction of the total east even of of wheat

up 12 per ference arising from devaluation a tin can (most of which is steel 200,000. Italy was

The dollar price is being re- plate and labour) and a still cent a: 6,860,000. Western Ger-

harvesting smaller traction of the cast of a many is still duced by just under eight pain of canned goods or of, for ex-Bizoral authorities said it looks larger even than last year's re- cord post-war crop.

con...

That means that the price in Sterling for the Malayan and Ni- gerian producers and the price Indonesian in guilders for the producers goes up by 32. per cent.

The prices in Belgian francs. for producers in the - Belgian Congo, go up by about six per cent

This concession in the dollari price runs counter to the prin- ciple Qf maintaining dollar prices for Sterling Area goods wherever possible.

ample, ambtor rar-Reuter.

Malayan Trade Figures

Singapore, September 26. Malaya's trade balance during the first eight months of this Prices of copper, lead and zinc, year was unfavourable by more which come partly from dollar than 162,500,000 Straits dollars areas, bave had to be raised by it was announced today.

the full amount of the devalua- This shows an increase in the tion even for how supplies adverse balance of more than which

come from non-dollar | eight million Straits dollara in countries.

the mouth of August alone.:

·

Total imports were 1,216,929,- 237

Straits dollars and exports STS$1,054,450,978.---

but

The Vaited Kingdom and Sweden had smaller crops.

Belgium had one the

birgest all round harvests in its history. Also on the credit side were the Netherlands, Austria, Switzer- Ireland. land. Denmark · and Drought hurt Portugal's érop badly

Only word from Eastern Europe came from Czechoslovakia, which predicted a 15 per cent increase CVET Last year and Finland, which forecast a slightly better crop than average..

The picture was less bright for potatoes, sugar beets and other underground, crops.-Associated Press.

COTTON PRICES INCREASED

London, September 25, In the case of tin.

the only

Prices of many types of raw cotton will be raised from to- metal which earns dollars for the European countries, while

morrow, the Raw Cotton Com- mission and other metals cost them dollars,

announced tonight. The most significant develop-

The some concession was unavoidablement in Malayan trade was the from a half-perry to three-pence Increases, which range American consumers would have growth of exports to Russia. per pound, are caused by normal fasisted on it.

During the eight months Malnya fuctuations and are not due to rent -- STS$44,856.308 - worth of devaluation, it was stated.

-Tubbe to Russia gooxis, mostly

American cotton is increased and imported only STS$5,091 by one. penny. a pound. The highest rise of three-pence is for £750, against £569 before

Malays devaluation, will be disliked balance of trade with the United-Reuter

the Manufacturing kisers.

States, exporting to the value of Maintaining

the dollar price STE$254,144,418 and importing would

-meant

raising STS$80,20

9,472 worth of goods in the Sterling price still higher, to

£824 a ton.

Even so, the,, sharp rise in Sterling prices to the British con-

sumer, which was given today as worth in rem has a favourable certain types of Egyptian cotton

have

Rare Action

return

had credit bal- Malaya also had ances with Canada, India, South Africa, Ceylon, France, Germany, the Netherlands, Poland, Norway, The small drop in the dollar Bula; Sweden, Rumania, "Argen- price may be offset by bigger imtina and Iraqe 39 ou ports of tin into the United Trade with the United King- States. It was in the forelmowy dom jumped during August by ledge of the devaluation," and of about STS$3,000,000, both in ex- its prospective effect on prices, ports and imports Associated that the United States removed Press. some of the restrictions: on con- Eumption of tinand undertŋck.

to look into the question of buy- ing more of it for the stockpile.

Notice To Consignees

Consignees Per...

STATES STEAMSHIP COMPANY

wwwwwm

Notice To Consignees From Cuited Kingdom Ports~

& Straits

Consignees per ship

:,"*,

3.5. "CANTON"

arrived 26th September, 1949. Ate herby notified that their cargo will be discharged into the

Hongkong & Kowloon Wharf & Godown Co., Ltd. where it will lie at consignees risk and expertise and subject to terms and conditions of Storage of the Hongkong: & Kowloon Wharf, &• Godown Co., Ltd. The cargo is expect ed to be ready for delivery from the Godown on and after the 27th September, 1949. are hereby notified that their

Cargo is considered as be- cargo is being discharged into ing accepted in good order and Today's announcement by the the Hongkong Kowloon condition by consignees, unless Wharf & Godown Co's godown broken, chafed and damared Ministry of Supply said that nego- tiations between the Government where it will be at Consignees packages are left in the Go- and the Committee of the Lon- risk and subject to the What's down for subsequent examina- don Metal Exchange would de- terms and conditions of storage, tion, by Messrs. Goddard & termine the conditions in which and where delivery may be Douglas in the presence of the tia market will operate. This obtained. Da

consignees, at 10 am on the

Perhaps even more important in the long run is that the Lon- don Metal Exchange is to be re- opened for free dealings in lin

-Tin-thus: follows rubber in be- ing released from bulk purchas and returns to a free market rare action

action by Britain's Socialist Government

doubtless refers to safeguards

** $.5. ""WYOMING"

against any loss of hard currenty. Damaged packages are to be 29th September and 3rd Octo Market quarters contended that left in the godowns for exam-ber, 1949.

Repercussions

on September 22

this could have been done even ination by Consignees and the To comply with the General before devaluation. It can cer- Company's Surveyors, Messrs. Bonded Warehouse Regulation, tainly be done now that Sterling Carmichael Clarke at 10 consignees must have a Re- has become under-valued Instead of over-valued as it was before.

Venue Officer in attendence To comply with General when dutiable goods are ex- Bonded Warehouse Regulations amined. Consignees must have a Re- All damaged cargo claims The re-opening of a free venue Officer in attendance against the steaner must be market in tin, which has been, when damaged dutiable goods presented to the undersigned closed since the cutbreak of the are examined.

on or before the 19th October, No claims will be admitted 1949 or they will not be re-

cognised after the goods have left the 'steamer's godown, and all goods No fire insurance, will be remaining“ undelivered after effected. missioners and their experts at a US dollars weakened over the September 27, 1949, will be meeting in Berlin today, but that week-end and re-opened rester-

No claims will be admitted the result is subject to

discussions day at HK$6.17. In the course subject to rent. with the German Government.. of the day the rate dropped fu-

A German Government spokes ther to $6.14

the French High It was stated at the

Headquarters jat; that Commissioners meet the

"Federpi

Chancellor. Dr. Kourad Adenauer, or meeting on devaluation-in. Bann tomorrow morning.

Money Market

It is believed that an agreement was reached amongst the Com- *

AMERICAN,

ESIDENT

LINES

The Global Fact

TO HONOLULU & SAN FRANCISCO

viä JAPAN

"General Gordon” *President Cleveland”

"President Wilson"

Arr, Sept. 27 Arr. Oct 13- Arr. Nov. 2

Sails Sept. 27-

Salls Oct. 18 Salls Nov. 3

TO SAN FRANCISCO & LOS ANGELES

via JAPAN

"President Taft” "President Madison".

Arr. Sept. 28

Sails Sept. 29

Arr, Oct. 26

Salls Oct. 27

TO NEW YORK, BALTIMORE & BOSTON via PACIFIC COAST & PANAMA

“President Grant”.

"Marine Szapper".

Arr. Oct...4 Sails Oct. Arr. Nov.

ROUND THE WORLD.

Salls Nov.

VIA MANILA, SINGAPORE, COLOMBO KABACHI, SUEZ, PORE SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENQ4,. NEW YORK and BOSTON

“Willamette Victory" -"President Polk”

AIT. Oct. Arr. Det. 18

་་

Sails Oct. 2

Sails Oct. 20

TO JAVA & STRAITS

"President Johnson....

Opposite Star Ferry

Arr. Oct. 21.

Salls Oct. 22

Tel. 28172/5.

BEN LINE

"BENAVON"

*"BENWYVIS” *BENVENUE"

"RENLEDI”

"BENLAWERS”

ARRIVALS

SHIP

FROM UK. via Singapore

DUE

5th Oct:

Isih Oct.

27th Oct.

31st Oct.

19th Max.

21st Nov.

28th Nov.

18th Dec.

SAILINGS

TO

"BENKINNES” *"BENARTY”. "BENVORLICH”,

SHIP I'BENAVON"

"BENVENUE"' **RENLED

"BENLAWERS”.

"BENNEVIS" “BENWYVIS” “BENAETY”

"BENKINNES”

London, Antwerp, Botterdam, Ham- bure & Hull

LOADING 8th Oct 30th Oct.

5th Nov.

23rd Nav.

Liverpool, Glasgow, 8th Oct. Dublin, Havre,

7th Nov. Antwerp, Botter

dam & Hamburg.

20th Dee:

Genoa, London, Hull & Leith i

25th Nov.

via Malaye, Colombo, Aden, Port Sudan & other way

Accepts cargo for Japan

Omits Hamburg, calls at. Genoa. Omi's Hamburg, calls at. Leith. :

For Further Particulară. Apply To- W. R. LOXLEY & CO. (CHINA) LTD. Agents

York Building.

Telephone: 34165.

THE EAST ASIATIC CO., LTD.

M.S. “MORELIA”

LOADING ABOUT 7th OCTOBER for

ADEN, PORT SAID, TRIESTE, GENOA, ANTWERP, BOTTERDAM, HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

Tanks available for the carriage of oil in bulk

THE EAST ASIATIC CO., LTD.

Bldg, 2nd floor,

Tel 34111 & 34112.

KLAVENESS LINE!

SAILINGS

Direct to Los Angeles, in 16 days Thence San Francisco, Vancouver, Seattle & Portland M.S.” “SUNNYVILLERUP Loading 29th Sept.

· ARRIVALS FROM PACIFIC COAST M.S. "CASTLEVILLE"

21st Oct. 21st Nov.

after the goods have been M.S. "BYTERA Port Swettenham,

All claims against the stea- taken delivery of ex: ship's

Sailing to

Penang, Belawan & Batavia

man said today that there would was put through from 15-mer must be presented to the side or or alternatively ex the bene devaluation announcement 8.20 down to 88.123.2

Undersigned on or before-Hongkong- & Kowloon Whari before noon: tomorrow, swing: to Sterling opened at HK$15.40 October 4, 1949, or they will & Godown Co.'s premises in MS. "CASTLEVILLE" -

not be recognised viously been effected.

less a joint survey has pre-

MACKINNON MACKENZIE

the consultations still in progress,and dosed (ar) $15.45PICER.

Re-emphasised; that the Allies Australian pounds were quoted had not claimed the right to de-at-HK$11.50,

No fire insurance will be lowe

zide the devaluation days on the Plastres were quoted nomin

nominal effected. basis of their powers under the at HK$11.70 -100.,

occupation statute though they Ticals were

ere firm at 8X121

might have dope so on the grounds 109, 2

that the rate would, vials sheet NEI Guilders had to Germany's chances of coming and were quoted nam tall-suzportin

HK$ 100, K

DODWELL & CO., LTD,

Hong Kong Sept. 22, 1949,

& CO Agents, POS. N. Co.

Hong Kong, Sept. 27, 194

Fassenger Accommodation

Chinese Freight Agents,

HOO FOOK PING.

#22nd Oct.

Bulk Oil Tanks

THE BANK LINE CHINAY LTD.

King's Building. Tel: 21732. THE BANK LINE" (China) - LOL