1949-09-29 — Page 14

ROYAL

INTEROCEAN

LINES

JAVA PORTS and MACASSAR

SAILINGS ARHIVALS

.15th Oct.

"TITTJALENGKA”

"TЛIBADAK"

MANILA

30th Sept.

“SERAAT - MALAKKA”-

"BOISSEVAIN"

"STRAAT SOENDA”

"TEGELBERG”

SAILINGS

7th Oct.

13th Oct.

ARBIVALS

5th Nov.

20th Nov.

28th Dec.

18th Oct. 18th, Nov.

SINGAPORE, PENANG and BELAWAN DELI

***VAN EIEMSOLE".

"VAN, HEETSZ"

SAILINGS ARRIVALS

...3rd Oct

19th Oct.

THE CHINA

FINANCE

ONV

1949

COMMERCE

SAFEGUARD FOR U.S. New York

INVESTORS

H.K. Stock Exchange

An insignificant-turnover

of a selective nature.

ILE. GOVT. LOANS

* Loan 1600 *

Loan (1924 à 1210) 1801. 24% LOER (1988) 106b.

HANKS

KK ASBank 1530

13th Oct.

EAST, & SOUTH AFRICA & SOUTH AMERICA

ARRIVALS

SAILINGS

"STRAAT MALAKKA”

7th Oct.

“BOISSEVAIN”

5th Nov.

"STRAAT SOENDA"

"TEGELBERG“

.30th Nov. 28th Dec.

18th Oct. 18th Nov.

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

Dar-Es-Salaam and Zanzibar.

JAPAN

SAILINGS

ARRIVALS

́"STRAAT MALAKKA”

́5th ̈ Oct/

"BOISSEVAIN"

29th Sept.

11th Oct.

"STRAAT SOENDA"

28th Oct.

31st 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 scepted on through B's/L. to India,

Mediterranean and Northern European ports.

"MARIEKERK

*MOLENKERK”

(Lom. Reg.) *£L Chartered Bank-10%. -Nercaxtle Bank A, ▲ B. C210. Bank of East Asia 1945,

INSURANCES

Canten In Sion Caios J. EESD

China Underwriters Blin. ELF. Fi Ina 2230.

SBIPPING

Douglases 201 H.K. & M. Steamboats In. Indo Chinas (Pref.) 29.

(Def.)

Shell (Bearer) cat.

Union WaterBOADA S

Asla Nav, bb, T

but

DOCKS, WHARVES, CODOWNS, ELL

HK & K. Wharves 1064, 155mm,

North Point. Wherren

Shanghai Honghew Whares 145, H.K. Deka 16

Chinese Providents 11%.

- Shanghai –Dockyasės kla nga

Wheelocks 0.

MINING

Rast Mine 6.10h. EK. Viser 126

LANDS HOTELS & BLDCE.

H. & S. Hoteln 10sa.

XX. Lažde 500,

Shanghai Lande 1.95.

Humphreys 10a

HK Reare ID. 1,70b, 1.30. Chinese Extate Illa

PEBLIC KTILITIES HK TRYZ....JLA, Peak Tram (Old) ita

(New) Ion. Star Ferries L

H

C. Lights (Oh) Im

(B)

AK. Dectrio 29/4/2 Macko Metrics 2013. Sandaken Lights Fin Telephone 19 Shanchal Geet.

INDUSTRIALS Cald. Maez. (Ord) 29.6%, Canton Ice 7

JAPAN

SAILINGS

ARRIVALS

Early Oct.

2nd Oct.

End Oct.

“Cements 19.

KA Ropes 1Zn.

Dairy Farm

KING'S BUILDING: TELS: 28015 to 28017 Ciomisi Adents: £2, Coniliger Fo.C.TELE: 31196 - 25133

LA RAMA

RAMA LINES

DE LA

ARRIVING FROM US. ÁTLANTIC COAST

DAS VIA LOS ANGELES & SAN FRANCISCO --

3.5. "DONK AURORA”.

18th Oct.

m.v. "DONA NATT”

Early Nov.

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

s.s. “DONA AURORA” ....(Calls Japan) mx. "DONA NATI”

Early Nov.

(Calis Japan)

.Late Nov.

•

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

MARINA HOUSE,

Tels, 23678-ZEYTİ

CHIDIESE SHIPPING OFFICE Teis, 23738--20153

& Oriental

Peninsular

QUIS NOS SEPARABIT

STEAM NAVIGATION COMPANY

SAILS:

R.M.S. “CANTON'

NOTICE TO PASSENGERS

FRIDAY the 30TH SEPTEMBER at 5. PM. ror: the United Kingdom via Straits, Colombo, Bombay, Aden and Port Said:

BAGGAGE: ALL passengers baggage ust be sent to the

Hongkong Br. Kowloon Whart: Cols: Gödown i ̧ XO: 2 GATE, CANTON ROAD ENTRANCE buT4 P.M. on THURSDAY, the 28th SEPTEM- BER

SPECIAL NOTE:

With the exception of hand packages carried by passengers themselves ALL BAGGAGE must pies through the Wharf Cos Godown; for load- ing on board by ship's slingi only.-

EMBARKATION:

Will take place between Z PM and 4 PM on FRIDAY the SVIH SEPTEMBER.

MACKINNON MACKENZIE & CO.

-C

STORES, Els.

393. Watsons dias, 42an, I. Crawfords 17. Binners 4.892.

Chinx Emporium Smi 'Ben Co. Ltd 2.83m.

KwYAK Sane Hour 162 Wing On (EK) 12x2, Km. Powell, Lád, sím

HISCELLANEOUS

Cina Entertainments 15a. KE. Constractions (OM) 2.30%,

(New).

Tibre Pilings 16.

Marzan Investments Be Missman (BL) 20.

Shangha! Lora 1:300. Yangtzes 3.

COTTONS

RUBBERS, E, COMPANIES

Alms Estates 140. Anglo-Dutch Jon Anglo-Javas in. Batu Anam

400. Bute Plantations Zai Chenor United $12. Cheng Rubbers 20. Consolidated Rubbers in. Dominion Rubbers ha

Lanyksta in

Besch Rubbers „Six.

Rubber. Trusts, 21⁄4%*.

Samana Bolibomi -,

Semambu Rubbers *a. Shanghai Kedaha in Shanghai-Malaya lia. Shanghai Sumaktes In, Sonte Durla Dk. Tanah Meraba

Teborg Rubbers Alin. Zisbe Rubberí In.

a

-

NY COTTON

New York; September 28. Cotton was irregular, closing five to 30 lower.

October

December

March

May

July

29.80 29.52-83

29:53-54

29.55

23:03 bid

Middling spot 3070-nominal

ABROAD

Washington, September 27. America proposes intensifying efforts to secure treaties giving greater confidance, to her in- vestors in under-developed countries, the Acting Secretary of State, Mr. James E. Webb, disclosed here today.

The treaties would seek assurances of non-dis- "criminatory, reasonable, fair and equitable treatment for American investors, no less favourable than those accorded nationals of other countries.

For-

House of Representatives" eign Affairs Committee.

Reasonable.reedom to operate, control and manage their enter prises

adequate and prompty. and effective

in compensation the even of expiration, he said. would also be sought,

Mr. Webb read a State De partment statement the Com mittee m a hill to promote-Pre- sident Truman's Paint. Four policy and to authorise participe- Hon in a co-operative endeavour for assistance in the development of economically under-developed areas of the world

Modest Programme

The treaties, he said, would

Deadlock In Talks On German Mark

Bonn, September 27. Discussions by the Allied High Commissioners for Qar many on the, proposed de- valuation of the West German Mark, tonight ended with the Dommissioners facing a com- plete deadlock,

Nase

James W. Riddle- bergen, Polical Adviser to the United States High Com-

missioner, *Mr. John J.

the Federal Chancellor, Dr. Konrad Adenauer, of, the Im- paste. which Kad been Teached.

deal also with the withdrawal.or...weclay, was sent to inform investors' earnings and capital arid would attempt to limit the conditions under which exchange restrictions might be imposed on such withdrawals

Though the treaties should do much to ezcourage.. investment they could be only a partial solu- tion of the problem of. under. developed countries, he explain--| ad,

It was proposed, therefore, that the Export Import Bank be authorised to guarantee Unfed States capital newly in-| vested in productive enterprises abroad.

"The programme recommend .ed

is modest," he declared. "It marks the beginning of a move- ment that can reach tar into the mure and in time change civili- sation profoundly, for the better.* Not Charity

"It is not charity. It is an en- lightened, business-like attempt to solve one of the most critical problems with which our world is i confronted.

**Democracy is most secure. where conditions are sound. Ia the interests of world security us well as, world progress this co- techrical operative

The stumbling block in the decurioris was the French attitude. Before agreeing to devaluation of the Mark, by

25 per cent, the French Gov- ernment has sought to impose certain conditions on the Ger. man economic palley.

These conditions were un- derstood to refer to the pric- ing of German coke for home consumption and export, The French campfained that the rates put French steel con sumption at a disadvantage compared with the German output-Reuter..

Schilling To Be Devalued

Vienna, September 27. The Austrian assistance

Government, is] determined not to devalue the

programme holds out great pro- mise

Schilling until after the national elections on October 9, informed sources said today.

,

"The handling of large parts of this programme through the United Nations will strengthen its They added that devaluation in minence and increase its ability the near future is inevitable.

to solve other international pro- blems."Reuter.

Money Market

US dollars again

weakened

Stock Exchange

New York, September 28, Altcraft stocks took off on fight of their own of Tuesday while the rest of the market ruised along at in lower Jevel Aircrafts advanced fractions to a point in late trading. The balance of the market was hit by a wave of mid-morning selling and only partially covered

Selling appeared to be based on the labour, outlook, Interest in aircrafts was linked with the disclosure of Russian "Riamic progreser 1,070,000 shares remun traded

Of, 1,010 Issues, 686 declined, 170 advanced. Twelve issues set new highs, five new lows,

Lat

The Minister of Finance, Her Georg Zimmerman, reported to:| the Austrian Cabinet today o his recent Snancial talks Washington.

A brief communique said only

yesterday and dropped from that the Cabinet accepted the res

at

from

HRS.12 at t, the opening to $6,07)

the

close. TT was put i through BK34:12 down to $6.05.

Sterling gained another five cents and was booked at HK$15.- 70.

Australian potines were charged at HK$11.50.

port.

It is believed here that Aur trian trade with other Europear countries will virtually stop i the Government does not bring the Schilling into line with other devalued currencies.

United Aircraft advanced

23, Boeing 1 34. at 21 24, Consolidated. Vilter at 115 Lockheed 1 V

Dow Jones ATEST: Stocks

61.62

20 Industrials €79.53 15

Utirties 37.92

Rais 47.02 10

Clostar Quotations Adams Express Alaska Junea

Amencan Ca 94

American Smelting-46 American Telephone 142 American Tobacco 73% American Waterworks 7%1⁄2 Anacanda Copper 263 Aviation

Corp

SK

Baldwin Locomotive 934 Parnsdall 49% Bendix Aviation 2014 Bethlehem Steel 27% Boeing Aircraft 21% Borden Co. 44% Canadian Pacific:13% 3. I. Case 38

Chrysler $1

Colgate 3834:

Commercial Solvents 1644

Corn Products 62

Du Pont 5272

Eastman Kodak 42

General Electric 37%

General Motors 62 Goodrich 62%

Good 39

Mining 43%

Harvester. 26%

1 Paper 56

International Tel & Tel 9 Johns Manville 41. Ketmecot: Copper 46% Montgomery Ward 5014 National Distillers 20% National Lead 33 Packard Motors 3% New York Central 10% Par

American

Airways 64 Fennsylvania HR 14 Radio Corp 11% Remington Rand. 97 Republic Steel 2014 Reynolds Tobacco 89% Schienley

28%

Sears Recbuck 40%

Shell Of 352

Socony Vacuum 181 Southern Pacific 41

Standard Brends 20%

Standard Oil of Calif...67 Standard Oil.of.N. J. 684 Studebaker 21% Union Pag

24346

Union Carbide 39% US Rubber 33% I'S Steel 23

US Lines 1442. Westinghouse 24%

Youngstown Sheet & Tube 64 Gen. Pub. Ut lities 14%

Associated Press

Stockholm, September 27. The Scandinavian Airlines, will increase their North Atlantic The pegged rate of the Schill-passenger and freight rates by ing is 10 to the dollar and 28 to about eight.per cent following the

company announced today. Resi ter.

Plastres were again quoted the Pound On the free market devaluation of the Crown, the nominal. at HK$11.70 a 100.

Elastres' at EK128.70 a 2001 were unchanged from the pre- vious day.

NEI Guilders recovered yester day. After opening at: HK$2150 a 100, the rate closed at $22.50.

NY RUBBER

New York, September 28. Rubber closed four to 20 lower with sales of T17; contracts.

16:00 bid 16.10

September

Decetaber

March

15.90 - 96

Ribbed sheets 17 nomin

-Associated Press. sociated Press

Talks In Paris On

Mark Devaluation

however, the dollar is worth 2 Schuings. There has been lit- the free market trading in Poune Sterling since the Found was de- valued

The Government is postponing the move until after the election for tear that the Communists and left wing Socialists "would makce political capital or such a move. – Associated Press,

Cotton Export

Period Extended

Notice To Consignees Consigners Per STATES STEAMSHIP COMPANY

ES. "CHARLES E. DANT are hereby notified that their cargo is being discharged into the Hongkong & Kowloon Wharf & Godown Co's godown | where it will be at Consignees risk and subject to the Wharfs terms and conditions of storage, The Pakistan Ministry of.Com-and where delivery may be merce annotinced today the Goy- frnment's, decision to extend the

Deric

within which cotton destina-

can be

Karachi, September 27,

until December 31, 1949

obtained.

Damaged packages are to be left in the godowns for exam

Company's Surveyors, "Messrs.

Carmichael & Clarke at 10

on October, 4, 1949,

tion withou, QUAve limit mation by Consignees, and the Paris, September 27, + It is believed that the

liberalis In a three-hour discussion today, French Cabinetstion of the export of cotton is necessitated owing to the Indian Ministers considered the problems of the cotton manufacturers decision not to purchase Palaisten cotton after Deutsche Mark devaluation following yester- ber decision not to devaite her day's visit to Paris of Mr. John C. McCloy, currency

The Government's police on United States High Commissioner in Ger- inte export is likely to be known

Soon Associated Press. many.

Apart from talks with the The French steel industry had French Premier and the Finance already been in difficilfles in ex-

Minister, Mr. McClay also talked porting to Germany since French

LONDON STOCKS

To comply with General Bonded Warehouse Regulations Consignees must haze au Bē- venue Oficer in attendance when damaged dubisible goods are examined.

No daims will be admitted. after the goods have left the at the French Foreign Office, prices were too high, he salt. The

steamer's godown, and all goods with

M: Alexandre Alphand, only advantages for France of Stock prices were Zepressed, on October 5, 1949, will be sub

London, September 28 rememing undelivered after Director of Bensornán Affairs. heavy devaluation-

would be cheaper coal Zroin Germany, but Tuesday by tears that Labour in Government circles it was felt Members of Parlament would ject to rent.

M. Parodi and M. Alphand were both called in for eczisultation by that this windd not compensate press for further limitations .pa All claims against the sten- the Ministers at today's meeting for the disadvantages to exporters dividends and profite. Many small mer must be presented to the

bus; France i har jong-considered losses were shown by

Industrials Undersigned an or Some, Government

demand

„Fixing’a new, excharge rate for the Deutsche Mark is a vital mat- ter for French industry. If the Deutsche Mark should be devain- ed from US50.13 to $0.20, French| prices would scarcely be able to met German competition: on the world markets,

the price, she, pays, for Gernur 468 gooda, to, bơ, tao, high, France "bonds paya, in dollars, and gays at rate equivalent to US58 more. than the German

A rate below 25 or 28, cents Dir would enable, Germany to out a real damping pol presentative of the

gineering in20

are-German

under

Better

point

before asmall but October 12, 1949, or they will not be recognised. irregular. closed Sir No fire Insurance will be

Chancellor effected. The House

from 25 to 30 per

DODWELL & co

Agents

"106, Hong Kong, Sept. 23, 1948.

The Globht Tint

TO HONOLULU & SAN FRANCISCO

vid JAPAN

"President Cleveland"

Ar. Oct. 15

Salli Oct. 16

„AFT. Oct 29. Art, Nov. 2

Sails Oct. 30- Sails Now J

"General, Gordon” "President Wilson"

TO SAN FRANCISCO & LOS ANGELES

"President Taft” "President Madison"

vio JAPAN

Arr. Sept. 28

Sails Sept. 29 Arr. Oct. 26 Sails Oct. 27

₺ BOSTON via PACIFIC COAST & PANAMA

TO NEW YORK, BALTÍMANU

"President Grant” "Marine Snapper"

Art. Oct. 4 Sails Oct.

Arr. Nov. 1. Salls Nov. ROUND THE WORLD

ka MANILA SINGAPORE COLOMBO, KARACHI: “SUEZ, „PORT. SAID, ALEXANDRIA,“NAPLES, MARSEILLES; GENOA, NEW YORK and BOSTON

"Willamette Victory" *President Polk"

Air. Oct. Arr. Oct. 19

Salls Oct. 2

Salls Oct. 20

TO JAVA & STRAITS

"President Johnson

Opposite Star Ferry

Oct. 21

Sails Oct. 22 Tel. 28172/5.

BEND LINE

“BENAVON”.

**BENWIVIS”

"BENVENUE"

“BENLKDI

“BENLAWERS”

ARRIVALS

FROM

SHIP

.UK. via Singaporo

DUE 5th, Oct.

15th Oct.

27th Oct.

31st Oct.

19th Nov.

21st Nov.

28th Nov,

10th Dec:

SAILINGS

TO

"BENRINNES"

*"BENARTY”

"BENVORLICH”

SHIP BENAVON" "BENVENUE"

BENLEDI" "BENLAWERS"

"BENNEVIS"

"BENWY VIS"

“BENARTY"

"BENRINNES**

Landen,' Antwerp, Botterdam, Ham- burg & Hall

LOADING

8th Oct. 30th Oct.

5th Nov.

23rd Nov.

7th Nov.

Liverpool, Glasgow, 8th Oct: Dublin, Havre, Antwerp, Botter dam & Hamburg.

Genoa, London, Hall & Leith

20th Déc.

25th Nov.

via Malaya, Colombo, Aden, Port Sudan & other way porti

Accepts cargo for Japan.

Omits Hamburg, calls at Genoa.

Omits Hamburg, calls at Leith,

For Further Particulars, Apply To

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

York Building.

Agents

Telephone: 34165.

THE EAST ASIATIC CO., LTD.

M.S. "MORELIA”

LOADING ABOUT 7th OCTOBER

ABOUT for

ADEN, PORT SAID, TRIESTE, GENGA, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

Tanks available for the carriage of oil in bulk.

THE EAST ASIATIC CO., LTD. Queen's Bldg, 2nd floor.

Tel: 34111 & 84112,

KLAVENESS LINE

SAILINGS

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

ARRIVALS FROM PACIFIC COAST

M.S. "CASTLEVILLE” M.S. "BOUGAINVILLE”

21st Oct.

21st Nov.

Solling to Singapore, Pón Swettenham,

Penang, Belawan

M.S. "CASTLEVILLE"

Passenger Accommoda

Chinese Freight Agents, F100 FOOK PING

Batavia

22nd Oct.

Bulk Oil Tanks

THE BANK TINK

(CHINA) LTD

Buidlay TEL 27792. THE BANK LINE (China)