1949-10-08 — Page 12

THE CHINA MAIL, SATURDAY, OCTOBER 8, 1949.

ROYAL

INTEROCEAN:

LINES

JAVA PORTS and MACASSAR

SAILINGS

ABRIVALS

13th Oct. 28th Oct.

"TJIBADAK"

“TJITJALENKA"

.15th Oct 30th Oct.

MANILA

SAILINGS

18th Nov.

30th Nov.

28th Dee.

18th Nov.

*BOISSEVAIN"

“STRAAT SOENDA"

TEGELBERG"

ARRIVALS

18th Oct.

· SINGAPORE, PEMANG and BELAWAN - DELI

"VAN HELTSZ"

*VAN RIEMSDIJK”

SAILINGS

· ARRIVALS

19th Oct.

2nd Nov.

13th Oct. 27th Oct.

EAST & SOUTH AFRICA & SOUTH AMERICA

"BOISSEVAIN"

"STRAAT SOENDA"

"TEGELBERG"

SAILINGS

ARRIVALS

.8th Nov.

30th Nov.

.28th Dec.

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'

"TEGELBERG"

JAPAN

SAILINGS

ARRIVALS

11th Oct.

.20th Oct.

31st Oct.

20th Nov.

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 ports.

"MOLENKERK"

JAPAN

SAILINGS

ARRIVALS

25th Oct.

13th Nov.

KING'S BUILDING: TELS: 28015 to 28017 CHINESE ALENTS: 82 CONNANT RD.C. TELS: 31196-25133

DE LA RAMA LINES

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

S... "DONA AURORA"

m.v. "DONA NATI"

...18th Oct. -Early Nov.

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

6.5. "DONA AURORA” (Calls Japan)

.Early Nov.

m.v. "DONA NATT".....(Calls Japan)

.Late Nov.

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated to the Philippines)

MARINA HOUSE

Tela, 23676-SZETE

CHINESE SHIPPING OFFICA Teim, 23738-20153

HONGKONG/MACAO

DAILY SAILING

M.V. “HONGKONG”

From Macao

From Hongkong 5.30 P.M. Tung On Wharf

..10 A.M. No. 14 Wharf

.$10 2nd Class .$5 .$ 8

Steerage .$3 Passenger Tickets Obtainable (before sailing time)

Cabin

Saloon

at Tung On Wharf. ·

+

For Passinger Tickets Reservation And Freight Particulars Please Apply to:--

TAK KEE SHIPPING & TRADING CO., LTD. 126, Connaught Road Central Tels: 22338, 27091.

FINANCE AND COMMERCE

DEVALUATION OF RUPEE APPROVED

Hong Kong Stock Exchange

New Dalhi, October 6.

|

New York Stock Exchange

New York,. October 6 The stock market advanced' today on persistent rumours that

the steel and coal strike will be quickly settled.

third

For

the

Jevel scored a new high for the

1,520,000

Transfers

AMERICAN. PRESIDENT. LINES

The Global Flori

TO HONOLULU & SAN FRANCISCO vio JAPAN

"President Cleveland" ......Arr. Oct. 15 "Président Wilson" "General Gordon"

Arr. Nov. 2 Arr. Nov. 4

Salls Oct. 16 Sails Nov. 3 Salls Nov.

TO SAN FRANCISCO & LOS ANGELES via JAPAN

"President Madison" "President Pierce"

Arr. Oct. 26

Sails Oct. 27

. Arr. Nov. * Salls Nov, 2

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

"President Johnson"

Arr. Oct 30-Salle-BAT .Arr. Nov. 29 Sails Nov. 38. ROUND THE WORLD -

Page-guiners were. Graham Marine Snapper"

Continental Motors, St. Regis Paper, Gulf Oil, United Corporation

and Power.

Consumers

The Indian Parliament today ratified and ap

proved without a division the Government of India's, action în devaluing the rupee. Winding up a two-day debate, the Finance Minis- ter; Dr. John Matthai, announced

the Government's decision to appoint an ad hoc day in a row, the general price committee to consider what measures should year. Gains ranged from fractions be taken to meet problems created by to point or more. devaluation, The week has been broken by The Committee would also de- discussions are intended to deal the Mid-Autumn Festival,

termine from time to time whe- with long-range problems." This, however, has afforded the Marketter adequate progress was be

Mr. Neogy said that the Indian ing made

in implementing the Cabinet had ratified the agreement a respite from the depresing

measures, he said."

within a few days of signing, but condition into which it has Replying to point made by after several weeks he was in descended Interest in the Market several speakers that India's re-formed by the Pakistan Finance is negligible and is almost entireliance on the Sterling Area should Minister that he was not in ly devoted to China Lights and be reduced as far as possible, Dr. position to get his Cabinet to Electrics with a few Dairy Farms. Matthai declared that the

right

agree to this clause being retained Watsons and Trams- thrown in. direction would be not to reduce the agreement.

EE COTT, LOANS

or destroy trade connections with Loan 100

the Sterling Area but to build up -Ahli Loan (1936 ▲ 1949) 100b.

new ones in other areas so that 32 Loan (1943) 19

the existing trade connections with BANKS

the Sterling Area "will not be so Large a proportion of total foreign trade."

Earlier in the debate the Com- merce Minister, Mr. K. C. Neogy. announced that a committee to consider the question of State trading and issues arising out of devaluation of the rupee would be set up at the earliest possible me

HX 5. Bank 1470",

Lon Reg) ŽIA **

£10 Chartered Back Merenate Bank A, & P. 22. Bask of East Asia 105n.

INSURANCES

Castre Is.' 'Sitz.

+

Union Ins. (üb, B6, China Underwriters Dan. H.K. Fire Ins. 250.

SHIPPING Dousiaan 2000. BK. & M. Steamboats" 115. Indo Chinas (Pred.) 195 m.

(Del.) 206

Shella (Bears) 68/20. Union Waterboata 22n

DOCKS, WHARVES, GODOWNS, Fle H.A. K. Wharem 165m. North Point Wharnes & n. Stangbai Borgkew Wharven 149. HK. Dock kb.

China Providenta 116, 138, Shangxi Dockyards 61. Wherlocks 348.

KYNING

Rask Mines 6.100. H.K. Mines „013 n

LANDS, HOTELS & BLDGS, H. & S. Hotels 2018.

H.K. Landa 53, 52an. Shanghai Lands 1.70b, 1.901. Humpare 10. HK. Rezies 1.80n.

Chinese Extates 2463.

PUBLIC UTILITIES. B.K. Tramways 14.975, 15.26/15.664m Peak Trama (012) 18%

(New) 10%.

Ster Ferries Sim.

C. Light (0) 11.155, 1994, 11.10.

(New) 8.1Gh, s

BK, Electrita 2554b, 2915329 35/7540. Macao Electrics

Sandakan Lights 54n. Telephones 199¢

Shanghai Gas 20.

INDUSTRIALS Cald Mac. (Ord) 25.a. Canon tem în. Cementa 19,00%

H. Hopes 1234

STOKES, Ele. Dairy Farm 222 Watsons. 44. 412/41a. L. Crawfords 16b, 17 Sizerren 4.8vn.

China Emporium *n.

Sun Co., Ltd. 2-850.

ACTR Sera Eos 10ên, Wing On (H.. Wm. Powell, Ltd. 94.

MISCELLANEOES China Entertainments D. HK. Constructions (0%) 2,863,

(New) in.

Vibro Ping LGA.

Haraman Investments 5/-n. Xatman (HX) 2n. Shanghai Loan 1.80 Yantiate 2.70-

Ear 1.300.

COTTONS

Money Market

US dollars opened yesterday at HK$6.02 and closed at $6.02 after an interval at $6.00.

TT was put through from HK$6.03% to $6.04.

ment

OUT

in

We have therefore perforce to think of becoming self-sufficient in the matter of jute and cotton pro- duction," he said, adding that it would be passible for India con- siderably to increase her jute pro-- duction for the next year.

Substitute Fibres

The same was the case with

cotton and, moreover, there were alternative sources of supply of this commodity, Mr. Neogy said.

would be possible for the Mr. Neogy said it was impossible to ignore the situation that had jute industry in India to continue if need arisen on account of Pakistan's manufacturing jute goods.

be on a a reduced scale, by utilising policy in the matter of currency other fibres like mesta and flax devaluation.

This hope is shared by the indus- As a result of partition. Mr-try." the Commerce Minister sald Neogy said, India" had "lost on the export side two important consultation with the industry materials, jute and cotton, and had become an importer of these commodities from Pakistan.

Clause Omitted

Commerce Minister

He said he had been trying to bring about a long-term under- standing with Pakistan regarding jute and cotton, and the result of informal discussions betweer himself and the Pakistan Finance Minister. Dr. Ghulam Mohammed, an agreement was drawn up in April last bearing the signatures of a secretary of each Govern-

But, the said, the agreement as ultimately ratified by the Pakistan Govern- ment omitted a clause which said: "The two Governments will enter into negotiations with a view to more. comprehensive agreement being reached with reference to the production, manufacture and sale of jute and cotton. These

ISRAEL TREATY WITH BELGRADE

Tel Aviy, October 6. Israel and Yaroslavia have con- cluded a trade agreement cover- ing goods worth US$2,000,093,

An expart policy revised In

would enable India still to main- tain her jute exports to dollar markets, although she herself would be running short of sup- plies of that commodity, Mr. Neogy said

Jute goods had already yielded somewhat in dollar markets to substitutes like paper and cotton

Mr. Neogy said that the Gov- ernment would shortly announce measures calculated to develop India's exports.

"Domination" By Pakistan

Mr. K. M. Munshi (Congress) said that trade with Pakistan must be handled “strongly and firmly”, and urged the establish- ment of a trading corporation for this purpose on the lines of: the wartime United Kingdom! Commercial Corporation.

that

Dr. Shyamaprasad Mookerjee, Industry and Supply Minister, ex- pressed his conviction

the' sooner India freed herself from "the

dominating

economy" of Pakistan the better for her.

"If we can take up an attitude ot independence, not for the pur- pose of declaring economic but for developing our economy, and it Pakistan is made to feel that we will not go to her, then the tables will be turned on Pakistan," he said.

Laggards includes Douglas Air- craft, Lockheed, Greyhound. Co- solidated, Edison and Santa Fe.

Dow Jones averages Stocks

20 Industrials 15 Rails

Utilities

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

66.37. 165.37. 48.64.

"President Polk" "Mount Davis"

38.09.

"President Johnson

Opposite Star Ferry

Adams Express 21 Alaska Juneau 34 American Can 98 American Smelting American Telephone 1431⁄4 American Tobacco 74 American Waterworks 7%

47%

Anaconda Copper 27 Aviation Corp. “53% Baldwin Locomotive 10 Barnsdall 51

Bendix Aviation: 311⁄2 Bethlehem Steel 284

Boeing Aircraft 21!4 Borden Co. 47 Canadian Pacific 14 J. 1. Case 39%

Chrysler $2%

Colgate

394

Commercial Solvents 17

Com

Products 83%

Du Font 53% Eastman Kodak 434 General Electric 372 General Motors 64% Goodrich 6924 Goodyear 39% Homestake Mining 44% International Harvester 26% International Paper 61 International Tel. & Tel. 9 Johas Manville 42% Kennecott Copper 47% Montgomery Ward 51% National Distillers 21% National Lead 331⁄2 New York Central 10% Packard Motors 35% Ferusylvania RR 14%

Radio

Corp. 121 Real Silk 114

Remington Rand 10

Republic Steel 21.

дерви

Reynolds Tobacco 39%

2914

Roebuckk 42)

372

Sears Shell Oil

Socony Vacuum 16

Southern Pacific 43%

Standard Brands 21%

Standard Oil, of Calif,

68%

Standard Oil of N. J. 71%

Studebaker

Studebaker 23

Union Bag 262

Union Carbide 40%

war

own

US Rubber

US Steel 24

32%

!

The House finally passed a sub- stitute

"the motion stating that Israel will buy wood, timber, Assembly ratifies and approves of lead, chemicals, potatoes and the action of the Government in other commodities from Yugosla- devaluing the rupee in terms of vía and will sell Yugoslavia citrus gold", which the Government ac- fruit, citrus by-products, wool, cepted in place of the Finance yarns, pils, optical lenses, sheet Minister's original motion which glass, etc.

only proposed that the situation

devaluation Payment will be made partly created by

of the by hard currency and partly by rupee be taken into consideration

Sterling-was quoted at HK$-}· 15.60 and Australian pounds at $11.65

Piastres remained HK$11.70 a 100.

nominal at

Ticals at HK$27 a 100 were unchanged, while NEI Guilders dropped to HK$23.00 à 100.

export.

This is the sixth commercial agreement concluded by Israel in the last six months-Associated Press,

Jap Fishing Boats Held

By Russians

Tokyo, October 6.

-Reuter,

Notice To Consignees

CONSIGNEES PER

AUSTRALIA-WEST PACIFIC

LINE

US Lines 15% Westinghouse, 28/

Youngstown Sheet & Tube 68 Gen. Pub. Utilities 15%

----Associated Press,

Notice To Consignees

FROM JAPAN Consignees per ship MS. "PUNDEA"

are hereby notified that their cargo will be discharged into the Hong Kong & Kowloon Wharf & Godown Co., Ltd., where it will lie at consignees risk and expense and sub- ject to terms and conditions of storage of the Hong Kong & Kowloon Wharf & Godown Co., Ltd. The cargo is expected: to be ready for delivery from the Godown on and after the 8th October 1949.

M/V "CITOS”

are hereby notified that their Thirteen of 17 Japanese fish-cargo is being discharged into

Cargo is considered as being ing vessels, which were alleged the Hongkong & Kowloon Wharf to have been captured by the & Godown Co.'s godown where condition by consignees, unless accepted in good order and Soviets off-Nemuro Ferinsula in it will be at Consignees risk broken, chafted and damaged Hokkaido on September 22, have and subject to the Wharf's packages are left in the Go-

return but been permitted

four

terms and conditions of storage, down for subsequent examina- were still missing yesterday one week after the seizures occurred, obtained.

and where delivery. may be according to an arouncement London, October 6. yesterday evening by the Hako- The stock market was subdued date branch of the Maritime Sec- today as both buyers and sellers urity Board

LONDON STOCKS

to

of

tion by Messrs Goddard:&e Douglas in the presence consignees, at 10 am, on the 10th and 13th October, 1949.

To comply with the General Bonded Warehouse Regulation, consignees must have a Be- veДue Officer a attendance when dutiable goods are ex- amined.

Damaged packages are to be left in the godowns for exam were idle. Many industrials were A brief announcement by the ination by Consignees and Com- unchanged. Government issues all Board claimed that the Japanese pany's Surveyors, Messrs. were slightly lower. Gold shares vessels were fishing within the Carmichael. & Clarke at 10

lid back under profit-taking Japanese side of the MacArthur after early rises. American issues "shing line" at the time of their am on October 11, 1949. were higher.

capture. Financial Times' index 105.1-

To comply with the General Associated Press.

Bonded Warehouse Regulations Consignees must have a Re All damaged cargo claims venue Officer in attendance against the steamer must be when damaged dutiable goods presented tó the undersigned are examined

on or before the 28th October, 1949 for they will not be recognised.

Pacific Far East Live Juc.

Fast Regular Tranı-Pacific Service

ŠAN. FRANCF800,/UGS ANGELA

OVERLAND NEW...TORE-CHICAGO-DETROIT-TORONTO, MONTREAL - AND ALL AMAZGAN & CANADIAN CITIER,'

Arriva

Ban

"CHINA SEAR” -

· San Franelsen

Oct. 31

Od 12

· "FLYING · DRACON" ↑

Bux, Franckten

"GEZAT - REPUBLIC“ †

"CALIFORNIA BEAR

San Francisce -

Oct. 11 Oct. 25.

Saz. Prandiacaffet:27

San Francisco"

Kay. *

Bas Francisca ve Takuer de Kaba, San Francisco & Los Angeles, En Franciaco do Zas Azzcla. „Bak. Prancisco. & Los Angeles

vis Kobe & Tokoksma, San Francisco & Los Angeles':

(P-via "Kaba" &' Tokohama,

+ Falls Batriemented Accepts Dry Cargo East Bounde j

For full particulars call Gerional Agenta, UNEDED. STRIES LINES CU. Queen's Bldg. Tek/11251

The announcement gave further detalis-Reuter.

BURMA'S RICE

SHIPMENTS

·220

Rangoon, October 6.

Burma has shipped 1,060,000

No claims will be admitted tens of the 1,250,000 tons of rice after the goods have left the she is committed to export during steamer's godowns and all 1949, it was officially announced goods remaining undelivered in Rangoon today.

The statement said that 20 500 after October 12, 1949 will be tons of rice were exported during

subject to rent. September, of which 27,250 tons were shipped from Rangoon Associated Press

UNEMPLOYMENT

IN GERMANY dham Frankiurt, October Ů, Unemployment in the Anglo- Americas zones of Germany Tose by 4,000 in September to 1,260,-

996,

In the French Zone there were

estimated to be about 50,000.- employed-Reuter,

All claims against the steamer must be presented to the un- dersigned on or before Octo ber 19, 1949 or they will not be recognised.

No-Fire Insurance will be effected

DODWELL & CO., LTD. Agents."

No fire insurance will be effected.

No claims will be admitted after the goods have been taken delivery of ex ship's side of alternatively ex the Hong Kong Kowloon Wharf & Godown Co.'s premises unless a joint survey has previously been effected.

MACKINNON MACKENZIE-

& Company

Agents

BL SN. Co, Ltd. Hong Kong, October 8, 1949.

Arr. Oct. 19

Arr. Oct. 30.

Sails Oct. 20 Salls Nov. 1

TO JAVA & STRAITS

Arr. Oct. 21

Salls Oct. 22

Tel. 28172/5.

BEN LINE

"BENAVON"

FARM

tes

ARRIVALS

FROM

SHIP

DUE

U.K. via Singapore

7th Oct.

15th Oct.

27th Oct.

do

31st Oct.

19th Nov.

**BENWYVIS"

"BENVENUE”.

"BENLEDI" "BENLAWERS"

-op

21st Nov.

28th Nov. 10th Dec.

"BENRINNES"

do

*"BENARTY”

"BENVORLICH"

-do-

:

dom

SAILINGS

TO

London, Antwerp,

Rotterdam, Ham- burg & Holi

11th Oct. 30th Oct.

5th Nov.

23rd Nov.

SHIP

'BENAVON" "BENVENUE" FRENLEDI"

"RENLAWERS",

{"BENNEVIS”

"BENWYVIS"

"BENARTY"

- “BENRINNES”

LOADING

7th Nov.

Liverpool, Glasgow, 11th Oct. Dublin, Havre, Antwerp, Rotter dam & Hamburg.

20th Dec.

Genoa, London, Hull & Leith

25th Nov.

via Malays, Colombo, Aden, Port Sudan & other way ports

* Accepts cargo for Japan.

Omits Hamburg, calls at Genoa.

t Omits Hamburg, calls at Leith.

Calls at Genoa.

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

York Building,

Agents

Telephone: 34165.

T

THE EAST ASIATIC CO., LTD.

M.S. “MORELIA"

NOW LOADING

for.

ADEN, POET SAID, TRIESTE, GENOA, ANTWERP, ROTTERDAM, HAMBURG, - OSLO, GOTHENBURG & COPENHAGEN

Tenks available for the carriage of all in bulk.

THE EAST ASIATIC CO., LTD.

Queen's Eldg., 2nd floor.

·Tel 34111 & 34112

KLAVENESS LINE

SAILINGS

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

29th Oct.

ARRIVALS FROM PACIFIC COAST

21st Bat

21st Nov.

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

M.S.

Sailing to Singapore, Fort Swettenham,

Penang, Belawan & Batavia ke

“CASTLEVILLE”

Chinese, Freight Agents,

Passenger Accommodation

HOO FOOK PING

King's Buliding. Hong Kong, October 6, 1949,

·Buf On

Apply:

22nd Oct.

THE BANK LINE

(CHINA) LTD.

Tel. 27792. THE BANK LINZ (China) L44

•