1949-10-07 — Page 12

THE CHINA MAIL, FRIDAY, OCTOBER 7, 1949.

ROYAL

E INTEROCEAN:

LINES

JAVA PORTS and MAGASSAR

TJIBADAK”

“TJTJALENKA”

"STRAAT MALAKKA"

"BOISSEVAIN”

"STRAAT SOENDA”

"TEGELBERG"

SAILINGS

ARRIVALS

15th Oct 30th Oct.

13th Oct.

MANILA

4.

SAILINGS

7th Oct.

8th Nov.

30th Nov.

28th Dec.

28th Oct.

ARRIVALS

18th Oct. 18th Nov.

SINGAPORE, PENANG and BELAWAN DELI

"VAN HEUTSZ”

"VAN RIEMSDIJK“

SAILINGS

19th Oct.

2nd Nov.

EAST & SOUTH AFRICA-& SOUTH

SAILINGS

#STRAAT MALAKKA"

7th Oct.

"BOISSEVAIN"

8th Nov.

"STRAAT SOENDA"

„30th Nov,

"TEGELBERG“

28th Dec.

ARRIVALS

13th Oct 27th Oct.

AMERICA

ARRIVALS

18th_Oct 18th Nov.

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

Dar-Es-Salaam and Zanzibar.

"BOISSEVAIN”

"STRAAT SOENDA"

"TEGELBERGTM

JAPAN

SAILINGS

ARRIVALS

20th Oct.

20th Nov.

11th Oct. 31st Oct. 2nd Dec.

Agents: HOLLAND—EAST ASIA LINE.

EUROPE via MANILA and MALAYA

MARIEKERK**

“MOLENKERK"

SAILINGS

9th Oct.

14th Nov.

not calling Manila after Hongkong.

ARRIVALS

20th Oct.

Transhipment cargo accepted on through B's/L to India, Mediterranean and Northern European parts..

"MARIEKERK"

“MOLENKERK"

JAPAN

SAILINGS

ARRIVALS

.....25th Oct.

7th Oct. 13th Nov.

KING'S BUILDING: TELS: 28015 to 28017 CHINESE AGENTS: 82. Connaught Ro.C. Tels: 3196-25133

FINANCE AND

COMMERCE

INDO-CHINA, THAILAND GIVEN JAPANESE GOLD

PAKISTAN POLICY ATTACKED

sion

ما

Washington, October 5.

The State Department today announced that the

United States had directed General MacArthur) to turn over to French Indo-China and Thai- land US$81,000,000 in Japanese gold ear- marked for those countries during the war but never delivered.

The United States' action was taken despite the the strenuous objections of a number of members of the 11-nation Far Eastern Com- mission.

The bullion included $43,700,-1 000 for Thailand, which had been earmarked for credits extended to Japan by that country from 1941 to 1945.

The remaining $37,300.000 was sarnaked by the Japanese for the French Bank of Indo-China.

Disruption of Japanese shipping to the Southern areas during the latter stages of the war prevented delivery of the gold.

Benelux Agreement Drafted

The Hagge, October 5.

A draft agreement to bring the Benelux economic

As revealed on September 8 the provisional majority of members on the Com-union into force retrospectively against the from October 1 has been initialled mission protested American intention to take this by the three countries--Holland, action without thorough discussion Belgium and Luxembourg.

the

However, the Unit- The draft will be submitted to States, convinced of the justice the three Governments for rati- of the French and Thai claims, de-fication and will come into forme

FEC

No Intention Of Raising Gold Price

Washington, October 5. The U.S. Secretary of the Treasury, Mr. Snyder, relter- ated today that the U.S. has no intention of raising the price of gold. He said nationwide study of businom conditions showed the

Am. erican economy

very sound.

is

In Paris, gold prices shot up rapidly today on the heels of the Cabinet crisis. The gold 20-Napoleon coin went from 4,460 francs on Tuesday ta 4,580. The black market dollar price rose from 385 to 387. The free, market rate is 350-Associated Press.

New York Stock Exchange

New Delhi, October 3. The Indian Finance Minister, John Mätthai told the Indian) Parliament today that Pakistan "totally lacked economic justi- acation" is its decision not to de- value the Pakistani Rupes... when other Commonwealth

Currencies! were devalued...

Addressing an emergency ses-

of Parliament called to de bate the Indian Rupee devaluation

Matthai said India and Pakistan had agreed to hold an inter-gov~| ernment conference the car-

on rency problem but that did not mean India would agree to any alteration of parity between the Indian and Pakistani Rupees.

Matthai told Parliament he shared the "view held around the world that strong international economic processes will make it increasingly difficult for Pakistan maintain her present stand" Pakistan's

by keeping the Rupee valuation while India de-

New York, October 5 valued the same proportion as cided to take unilateral action as as as ratifications have been

The stock market but another Sterling has resulted in a near

new high of the year today but moratorium on business between it was empowered to do in an received."

*emergency under occupation The

provisional regime, known gain had trouble hanging on to its early gains, Most stocks closed as "Pre-Union", is to be in force under their highs for the day, further deterioration in inter- statutes.

General MacArthur was direct-antil the establishment

of the full Maithai was critical of the ed to withhold delivery of "any Union, which is expected to take $70,000 shares changed hands manner of the Commonwealth, portion of gold to which Japan place on July 1 next year, and the largest in three weeks

did not have clear title. but U. S. be based on the experience gained but were soon cut by profit-tak- Prices spuretd at the opening officials said this involved a "very during the intervening period. minor amount.”

An agreed statement at The 6- Its extent was indicated in Harve in March, when it was de the recently popular radio group where Admiral Corporation hit a cided to enter

into a

provisional economic union, said that the new high early but closed at 25- The bullion deliveries will three countries would adopt a well considering the strike threat

44, down

Steels did fairly leave Japan with a gold reserve

policy

of freeing production, dis- to their of lightly more than $100.000,-, tribution and consumption

Dow Jots

averages: Stocks goods and of abolishine subsidies 66.18. 20 Industrials 184.60. The directive to General Mac-wherever possible to promote free Rails 48.46. 10 Utilities 38.04. Arthur said that "in international circulation of goods among them. law and monetary practice" ear--Reuter. marking of the gold transferred the ille and right of possession. "only a miracle can prevent just as strongly as if actual physi- serious dislocation of the nation's cal transfer had been effected economy."

the two Dominions and brought

Dominion relations.

devaluation.--Associated Press.

CRITICAL DAYS

FOR AMERICA

New York, October 5. The next 30 days will be critical for American ecotomy, the metal working trade weekly "Iron Age" said today.

It said that unless both steel and coal strikes

settled.

are

The steel ingot rate was placed this week at only eight per cent cf rate capacity compared with

a revised figure of 70 per cent the preceding week.

The magazine's composite steel price figure declined to gross ton-Associated

scrap $26.9% a Press.

DE LA RAMA LINES PAKISTAN DUTY

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

5.9. "DONA AURORA”

m.v. “DONA NATT”

...18th Oct. .Early Nov.

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

6.5. "DONA AURORA” (Calls Japan)

m.v., "DONA NATI"...(Cails Japan)

Early Novi Late Nov.

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

KARINA HOUSE

Teis. 23676-22675

CHINESE SHIPPING OFFICI Tela. 23718-20153

STATES MARINE

MARINE LINES

S.S

FAR EAST SERVICE

FROM U.S.A. PORTS

"ROBERT LUCKENBACH”

Due 7th October

Agents

GOURLIE & CO., (HK.) LTD.

Union Building

Telephones: 20321 & 31341

HONGKONG/MACAO

DAILY SAILING

M.V. “HONGKONG”

From Hongkong 5.30 P.M. Tung On Wharf

10 A.M. No. 14 Wharf

From Macao

Cabin

Saloon

$10

2nd Class .$5 :$:8 Stecrage

.$3

Passenger Tickets Obtainable (before sailing time}

at Tung On Wharf.

For Pcsymger Tickets Reservation And Freight Particulars

Please Apply top

TAK KEE SHIPPING & TRADING CO., LTD. 136, Connaught Road Central.

Tels: 22338, 27091.,

IP

ON COTTON

Karachi, October 5. The Government of Pakistan has decided to reduce the export duty en short staple cotton by 20 rupees a bale, it was officially an- nounced here today.

Till now the duty was 60 rupees a bale.--Reuter.

000.

Legal Matter

AMERICAN-PI TREATY TALKS

of

Manila, October 5. Following a go ahead signali riven by President Quirino, talks

The Department also released a reply to Commission critics of the United States intention to trans-

the gold. fer

Major-General Frank McCoy had clearly established that Japan on the proposed United States-

said investigation carmarked the gold for Thailand Philippine treaty of commerce, and French Indo-China and thus pavigation and amity, which will it was a purely legal matter and implement the treaty of general did not represent

between the two policy ques-relations

coun. week tion which is appropriate for contries, are to start this sideration by the Far Eastern Quirino has named the Under In this connection, President Commission."

No action has yet been taken Secretary for Foreign Affairs, by the United States or the FEC Mr. Felino Neri, head of the Phi- on $250,000 worth of Japanese lippine team which will exchange gold earmarked for Italy.

views with the United States Embassy delegation beaded by the Charge d'Afaires, Mr. Eugene Clay-Reuter.

For China

US officials said another $550,- | 000 worth of bullion was carmar- ked for the Federal Reserve Bank of China-a puppet institution in China

during the

war-and is ·

to be given to Nationalist

EXPORT PRICES REDUCED

INDIA NOT HAPPY'

New Delhi, October 5. Premier Pandit Nehru told the Indian Parliament today: "We are not in a happy state because India

forced to accept fact that the gold deal was made Wheat, which previously sold devaluation."

during the war had no bearing at 36 pesos per quintal and a Bir. Nehru spoke in the debate

year ago as high as 60 pesos or the claim. legality of on dev.luation after Finance

Government

concluded more is offered at 27 pesos. Minister John Matthai had warn- that, notwithstanding the values for wheat exports is unchanged at Since the dollar exchange rate ed that India must drastically involved. this matter does not

Buenos Aires, October 5. The announcement disclosed reduced her export prices for Argentina today substantially that General McCay told the wheat and maize. FEC in a closed session that the

on the "My

cut her dollar imports for the present a policy question which 3-3582 pesos, this amounts to a 25 period of austerity.-United Press. is appropriate. for consideration per cent reduction

Notice To Consignees

CONSIGNEES FER

| AUSTRALIA-WEST

LINE

_M/Y "CITOS"

PACIFIC

are hereby notified that their cargo is being discharged into

Reuter.

in price.-

ALLEGATION BY MOSCOW

by the Far Eastern Commission, but rather implementation by the Supreme commander, under the supplementary directive issued by the United States in accordance with Section One of Paragraph Three of the terms of reference of the FEC. of the general decision of the FEC with respect to assets of members of the United Nations are backing a' campaign and their nationals." said General Egyptian-Soviet trade. McCoy on September 15.

Moscow, October 5. Moscow's "New Times" today alleged that "British interests" against

The weekly déclared that "at. "The directive which my Gov-tacks are being made on Russian proposes to issue is textile exports to Egypt and "are ment

the Hongkong & Kowloon Wharf does not determine any policy

of an administrative nature and clearly English-inspired"

Eritain, added the article,

& Godown Co.'s godown where questions which fall within the would like to break up Egyptian-

it will be at Consignees risk province of this Commissioner-Soviet and subject to the Wharf's United Press.

terms and conditions of storage,

and where delivery may obtained.

be

Notice To Consignees

5.3. "EASTERN SAGA”

CALCUTTA, STRAITS,

Damaged packages are to be left in the godowns for exam- From

ination by Consignees and Com- Messrs. pany's Surveyors, Carmichael & Clarke at 10 a.m. on October 11, 1949.

trade altogether.---Asso-

ciated Press..

NO COMMENT

London, October 5. chimed to discuss comments by Dr. Treasury quarters tonight de- Matthai, the Indian Finance Min- ister, on Britain's handling of de- valuation.

Closing quotations:

Adams Express 20 Alaska

Juneau 344 American Car 97

American Smelting 47

American Telephone 143 American Tobacco 74 Anaconda Copper 2734 Aviation Corp. 5% Baldwin Locomotive 10 Barnsdall 5014

Bendix Aviation 31 Fethelehem Steel 28%

Beving

Aircraft 217

Borden

Canadian

Pacific 14

Case 37%

Colgate 29%2

Chrysler 53

Commercial Solvents 174

Corn Products 64

Du Pont 53%

Eastman Kodak 43

General

Electric 37

General Motors 6334

Goodrich 64

Goodyear 39

Homestake Mining 44

International

Harvester 27

International Paper 614

International Tel & Tel 94 Johns Manville

42 Kennecot Copper 47%

Nationery Ward 52%

National

New

Distillers 215 Lead 33

York Central 10% Packard Motors 3%

Pan American Airways 91⁄2 Pennsylvania RR 14 Radio Corp. 12, Real Silk 11

Remington Rand 10% Republic Steel 2012 Reynolds Tobacco 39% Schenley 29

Sears Roebuck 42% Shell

7

Socony Vacuum 16% Southem Pacific 434 Standard Brands 21% Standard Oil of Cal 68% Standard Oil of NJ, 70% Studebaker 23

Union

Union

US Rubber 32%

US Steel 23%

US Lines 15%

40%

Westinghouse 26%

AMERICAN. PRESIDENT

> LINES

The Global Floet

TO HONOLULU & SAN FRANCISCO via JAPAN

**President Cleveland” ......Arr. Oct. 15

"President Wilson"

2 Arr. Nov. "General Gordon"

Arr. Nov. 4

Salls Oct. 16

Sails Nov. 3

Sells Nov.

TO SAN FRANCISCO & LOS ANGELES

via JAPAN

"President Madison" "President Pierce"

........ Arr. Oct. 26

Sails Oct. 27

Arr. Nov. 8 Salls Nov: -9

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

"Marine Soapper"

Arr. Oct. 30 * Salls Oct. 31 "President Johnson" meritz.Nov.29.....Sails Nov., 30

ROUND THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, KARACHI, SUEZ, PORT SAID, ALEXANDRIA, NAPLES, 'MARSEILLES, GENOA, NEW YORK and BOSTON

"President Polk" "Mount Davis"

..Arr. Oct. 19 Sails Oct. 30

30 Arr. Oct.

Sails Nov. 1

TO JAVA & STRAITS

""President Johnson

Opposite Star Ferry

Arr. Oct. 21

Sails Oct--22

Tel. 28172/5.

BEN LINE

ARRIVALS

SHIP "BENAVON" **BENWYVIS”

FROM

DUE

U.K. via Singapore

7th Oct.

15th Oct;

"BENVENUET

27th Oct.

15

"BENLEDI"

31st Oct.

19th Nov.

21st Nov.

28th Nov.

.10th Dec.

SAILINGS

Youngstown Short & Tube 67% Gen. Pub. Utilities 15

---Associated Press

FRANCE SUBMITS

IMPORTS LIST ́

BANGKOK & SAIGON

Paris, October 5, the Organization for European France tonight submitted to arrived October 3, 1949.

Treasury spokesman here said conomic Co-Operation a list of Damaged cargo ex this vessel that no official coriment could be imports which she will except To comply with the General will be surveyed in the pre-made upon the proceedings of one other Marshall Plan countries.

without quota restrictions from Bonded Warehouse Regulations mises of the Hong Kong & of the Parliaments of the Com Consignees must have а Re-Kowloon Wharf & Godown Co.monwealth.

The proposals, covering 20 venue Officer in attendance Ltd at 10 am. on Thursday, the question of any reply to the followz recent and similar action Political observers believe that percent of her imports from

Western European when damaged dutiable goods October 7, 1948.

countries, ́are examined.

are advised, to have their Recriticisms made in New Delhi will by Belgium, Britain and Italy,

Consignees

rest with the Chancellor of the the Survey. presentatives present during Exchequer, Sir Stafford Cripps,

alone.Reuter.

No claims will be admitted after the goods have left the steamer's godowns and ali goods remaining undelivered aller October 12, 1949 will be subject to rent. -

Consignees are warned that claims for darnage or shortage may not be accepted if the damage is not surveyed by Messrs. Goddard & Douglas in All claims against the steamer the presence of Consignees must be presented to the un Representatives at this appoint- dersigned on or before. Octo-ed time. ber 19, 1949 or they will not

be recognised.

JARDINE, MATHESON & CO., LTD. General Managers, DODWELL & CO., LTD, Indo China Steam Nav

Agerits.

Co., Ltd

Hong Kong, October 6, 1949. October 4, 1948.

No Fire Insurance will be effected

Notice To Consignees M. V. "AENEAS“

sel, will be surveyed at: Holt's Damaged cargo ex this ves

Wharf between 10 am, and noon on October 7 and 8, 1949, and consignees are requested to have their representatives present during the survey.

BUTTERFIELD & SWIRE, Agents Hong Kong, October

Ecuter.

GERMAN COAL

Frankfort, October 5.

An average, recnction of 20.6 per cent in the dollar prices of German export coal is expected agreed at a meeting in Bonn to by Allied officials here to be morrow between Professor Lud- wig Erhard, German Economies Minister, and the Allied High Commission.

This would match the devalus- tion rate of the Deutsche mark

Best of the... Ciculties in the way of 2 reduction in the dollar price of coal for export were to 1948 have been eliminated, in talks be- tween Allied and German experts lp the last; few days-Egiter,

"BENLAWERS”

"BENRINNES"

*"BENARTY"

"BENYORLICH”

SHIP

BENAVON" "BENVENUE" **BENLEDI"

"BENLAWERS”

§"BENNEVIS"

"BENWYVIS"

→BENARTY””–

"BENBINNES"

ΤΟ

London, Antwerp, Rotterdam, Ham- burg & Hull

LOADING 11th Oct. 30th Oct.

5th Nov.

23rd Nov.

Liverpool, Glasgow, 11th Oct. Dublin, Havre, 7th Nov. Antwerp, Rotter

dam & Hamburg.

Genoa, London, Hull

& Leith

20th Dec.

25th. Nov.

via Malaya, Colombo, Aden, Port Sudán & other way ports.

* Accepts cargo for Japan.

Omits Hamburg, calls at Genoa.

1 Omits Hamburg, calls at Leith-

Calls at Genoa.

For Further Particulars, Apply Zo--- W. R. `LOXLEY & CO. (CHINA) LTD.

York Building.

Agents

Telephone: 34165.

THE EAST ASIATIC CO., LTD.

M.S. “MORELIA”

LOADING 7/8th OCTOBER

For

ADEN, FORT SAID, TRIESTE, GENOA, 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 & 34112

KLAVENESS LINE

SAILINGS

Direct to Los Angeles, in 16 days Thence San Francisco, Vancouver, Seattle & Portland M.S. "FRANCISVILLE",

29th Oct.

ARRIVALS FROM. PACIFIC COAST

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

21st Oct. 21st Nov

Sailing to Singapore, Port Swettenham, Penang, Belawan & Batavia

M.S. "CASTLEVILLE":

Fassenger Accommodation

Chinese Freight Agents, HOO, FOOK PING

King's Building. Tel 27/02

22nd Oct.

Balk Oil Tanks Apply

THE BANK-LINE-

(CHINA) LTD. THE BANK LINE (CUKLE)