1949-10-21 — Page 12

THE CHINA MAIL, FRIDAY, OCTOBER 21, 1942.

ROYAL

INTEROCEAN

FINANCE AND

COMMERCE

= LINES GOVERNMENT OFFER

JAVA PORTS and MACASSAR -

TUITIALENKA"

TJIBADAK"

"BOISSEVAIN"

STRAAT SOENDA”

“TEGELBERG”

"TJIKAMPEK”*

SAILINGS

1st Nov. 12th Nov.

MANILA

SAILINGS

8th Nov.

ARRIVALS

29th Oct. 10th Nov.

ARRIVALS

23rd Oct.

30th Nov.

28th Dec.

18th Nov.

25th Jan.

8th Dec.

*No passenger accommodation available.

SINGAPORE, PENANG and BELAWAN DELI

"TJITJALENKA”*

"VAN HELTSZ”

* Calling Singapore only.

EAST & SOUTH AFRICA & SOUTH

"BOISSEVAIN”

"STRAAT SOENDA”

“TEGELBERE”

TJIKAMPEK**

SAILINGS

ARRIVARS

1st Nov

16th Nov.

13th Nov.

SAILINGS

AMERICA ARRIVALS

.8th Nov.

.30th Nov.

24th Oct.

28th Dec.

18th Nov.

25th Jan,

8th Dec.

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

. Dar-Es-Salaam and Zanzibar.

*No passenger accommodation available.

"STRAAT SOENDA”

TEGELBERG”.

“TJIKAMPEK”*

JAPAN

SAILINGS

ARRIVALS

9th New

23rd Nov.

20th Nov.

2nd Dec

10th Dec.

21st Dec.

*No passenger accommodation available.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA and MALAYA

"MOLENKERK”

MEERKERK”

SAILINGS

14th Nov.

... Early Dec.

ARRIVALS In Port Early Nov.

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

"MOLENKERK"

AMEERKERK”

JAPAN

SAILINGS

24th Oct. Early Nov.

ARRIVALS

13th Nov. Early Dec.

KING'S BUILDING: TELS: 28015 to 28017 CHINESE AGENts: 82. Commaus Fo. C. Tets: 30196-25133

DE LA RAMA LINES

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

5.5. "DONA AURORA”

m.v. “DUNA NATI”

.In Port Early Nov.

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

5.1. “DONA AUBORA” ....(Calls Japan)

Early Nov.

m.v. "DONA NATI” ..... (Calls Japan)

Late Nov.

THE DE LA RÁMA STEAMSHIP CO., INC.

(Incorporated la' the Philippines)

MARINA HOUSE

TAIL 23678=-2EETS

CHINESE SHIPPING OFFICE Tela, 23738-20153

ISBRANDTSEN

Isbrandtsen Company Inc.

26 Broadway.

New York 4, N.Y..

FAR EAST STRAITS INDIA ⚫

• PZESIAN GULP

VA. & CONTINENZ « W. INDIES • S. AMERICA

#TEAMSHIP DIVISION

MEDITERRANZAN

FROM

SAILS FOR

6.S. "FLYING CLOUD"

In Port

Pusan, Japan, New York via Panama. Oct. 23

A. P. PATTISON & CO.

GENERAL AGENTS: CHINA, FORMOSA, KOREA, JAPAN & HONGKONG

· 12-14, QUEEN'S BOAD CENTRAL," : 4th Boor. TEL: 25346. Chinese Agent:-LAM KEE SHIPPING CO.

20 Connaught Road, C. Tel.-24639. --~

TAI HANG JEWELLERY Wholesalers of CUT-DIAMONDS

Sole Agents For

Liberty Diamond Cutting Works (Pty) Ltd.

“Johannesburg, South-Africa

Bank of Can Asia Blog.

7th Floor, Room 707,

Hong Kong.

Telephone .21386

TO MANUFACTURERS

Hong Kong Stock Exchange

bis masa

London, October 19..

The British Government tonight offered to go into partnership with manufacturers willing to launch sales drives in the dollar markets. Its Export Credits Guarantee Department said that it would guarantee manufacturers against a proportion of any losses which they might incur as a result of such an effort.

Orders went out tonight for a corps of dand picked super-sales

Yesterday was again `a bury men in British industrial centres day. Ox the appearance to approach exporters and poten- some profit taking the up-swing tial exporters to interest them in

has been temporarily arrested.

HE COVT. LOANS

2 LORD 100 LÁT

The Lowa (1934 & 1940) 100.

3 Loan (1948) 100%.

RANKI

*

સ

this new scheme the first new plan announced oficially follow-up to devaluation of the Found.

The Export Credits Guarantee Department, which is empowered

RK. & S. Bank sub, 14506, 1475/Bana by Parliament to undertake risks

(Lon. Reg.) £250.

Chartered Bank £9 15/168. Mercantile Bank A. & B. T Bank of East Asia 1108.

INSURANCES

Canton Iza #10. Usion Ina, süd, 6904. $50x China Underwriters 5.

Doggins

SHIPPING

200IL

KK, & Stramhosts 1. Indo Chinas (Prof.) $913,

(Del.) 2001.

Sheila (Bearer) //t.

Union Waterboats 2544b. Asia Nat. 100

DOCES, WEARVES, GODOWNS, E- XX & X Tharven 101h, 203/Dien. Forth Point Wharwa` Ski

Shanghai Hongker Whatter 140.

HK Docks 17h, 18, Lam, China Providenta 11 Shanghai Dockyards ba. Warlocks 26. 27.

MONING

Raub Mines 4.16m. HK. Mizes in

LANDS, HOTELS & BLOGS. XB Hotals 1010m. JK, Lands 32/IN/8Z4. Shanghai Landa 2.206.

Humphres 10

R.K. Beshies 28.

Chinese Patates 1600.

PUBLIC UTILITIES

HK Tranata 18h, IGN, 161//a.

Prak. Tram (Old) 15.

(Now) 100.

Star Ferries 356. C. Lighis

row; 12:06 12.45, 1225/5ƒztam. (New) s. 9.30% 9.647.66/1Gen.

K. Electrics 32124, 12/125 adım. Macao Electric 21h.

Sadakan Lights in. Telephones 19/29/19. Shanghai Goa 13.

INDUSTRIALS

Cald. Mara. (Ord.). 25.00a. Cantoro Ines 11h. Cements 19. c. HX Ropes 14h.

STOKES. Ete Dairy Farm 401b. Watrots 12, ahh, shh L. Crawfords 15546 Sicort I.D. 4.40m. Chint Emporius 2. Sta Co

Kwong Sang Hour 102 Ring On HX) Min. Wm. Poste Lie 10.

MISCELLANEOUS China Entertainments an. XX. Constrmions (DM) 23.

(New) 2. Vibro Fillings 15m

Marzean®Investments 3/.n.

Matatan (HX3 20.. Shanghai Lo 1.500. Yasstries 200

COTTONS..

Ew 5b, 6/51⁄4€«

RUBBER EL COMPANIES Aims E-laten ján. Anglo-Dutch 200. Actio-Java is.. Batu Azam .400.

Bute „Plantations. Tu. Chemor Unhed it. Cheng Rubbers 201 Consolidated Rabbers In Dominion Rubbers In Langkats 10.

25

Repah Rabbers 301. Rabber Truta 35. Samagaga Rubbers Biz Secambe Bubber Shanghai Kedah im. Shantha-Malaya 150. Sharghai Bumotrya 15. Sungei Duris '1946 n. Tenah Merahs ton Tebong Rubbers '„MEN' -Ziantbe Rubbery In

Money

amounting at any one time.

ما

£800,000,000 (US$1,680,000 » 000), is extending its previous services by offering to give quarantees in connection with market research, advertising and stock maintenance in America,

The organisation has hitherto offered guarantees only to cover exporters' losses resulting from the bankruptcy of customers or from transference problems,

Under these heads the organisa- | tion has assisted 10,000 firms to valued at US$1,- export gooCS |500,000,000 2nd has done so with- out incurring, thus far, any cust to the British tax-payer,

At present it carries risks to- talling £285,000,000.

Tough Market

Gold Rumours

New York Stock Exchange

New York, October 19.. The stock market busted with prices

activity today but most barely budged Fractional pains were in the majority at the close

and a small group of stocks show-

Fains

running to an extreme of around three points. Those issiles swhich walas dating weraddrizonado

slightly

bu

The market's stablity followed

Denied In U.S. broad rise on Tuesday which

Washington, October 19. Mr. John Snyder, United States Secretary of the Trea- sury, today denied that dur- ing the dollar crisis alks

here last month Britain and the United States had secret- ly agreed to return to the gold standard.

At a press conference re- »porters told him that rumours of a secret agreement were circulating In Washington. Mr. Snyder replied. "There to no ruch agreement."- Reuter.

in a position to hold substantial; stocks in America, and we are prepared to come in on a per-) centage basis to make that pose! sible," Mr. Smith said. Summing up, he

stated that! "on the face of it, it sounds like a subsidy, but it is not We have never subsidised in this depart-i The new plan was disclosed by ment, and we hope to God we By Mr. Harold Wilson, President ever will. If the dollar drive is 85 we of the Board of Trade, at a lun- quarter as successful cheen here today, and was later hope it will be, we shall not lose! explained in detall at a press a penny". conference by Mr. Sorville One idea already approved by

General of the the Exports Credits Smith, Director

Guarantee Export Credits Guarantee De-Department for assistance

visages a chain of representatives

throughout Canada

partment

"The North American mar-based

10

ket is notoriously tough," Mr. boose British engineering pro- Wilson said at a luncheon given¦ ducts.

by

the British Electrical and Alfed Manufacturers' Associa- tion.

- of

Britain Best

Pre-

just about wiped out Monday's losses. The rebound carried the general price level back to with. in a short distance of the 1949. high established last week.

Turnover stepped up to 1,370,-- 000 shares.

and Zenith.

Several recently popular radio and television issues were shaded slightly today. Among then were Admiral Corporation, Emerson Radio, Philco

Dow Jones averages

Stocks 66.31: 20 Industrials 187.04 15 Rails 19.11; 10 Utilities 38.22.

Closing quotations Adams Express 21% Alaska Juneau 3% American Can 96 American Smelting 47% American Telephone 1444 American Tobacco 725 American Waterworks 7%

+

Anaconda Copper 28% Aviation Corp.

Baldwin Locomotive 10% Barnsdall 50%

Bendix Aviation 31% Bethlehem Steel 29 Boeing Azuraft 2212 Borden Co. 4744 Canadian Pacific 13 J. I. Case 37% Chrysler 531⁄2 Colgate 414

"

Commercial Solvents 171⁄2

Com Products 65% -Du Pont

54%

Eastman Kodak 435%

General Electric. 37%

General Motors 65

Goodrich 63%

Goodyear 39

Horsestake Mining: 47%

International Harvester 28% International Paper 64% International Tel & Tel Johns Manville 422 Kennecott Copper 484 Montgomery Ward 52 National Distillers 21% National Lead.

-3212 New York Central 101⁄2

.4

Remington Rand 10% Republic Steel 21% Reynolds Tobacco 39% Schenley 28%

*We have no intentiod

The British engineering firms molly-coddling British exporters who put up the ides believe that -they don't need it—but we have the Canadians look too much to equally no intention of encour- the United States, and they are. aging schemes which are dcomed determined to sell the idea that to failure from their inception. British engineering is second to

"Giver, however, the exporter] none. who is prepared to go into this

During his speech to the cice-Packard Motors 3K business with faith and deter-trical manufacturers, the

Pan American Airways 81 mination, the Department is now sident of the Board of Trade had Pennsylvania RR 14% Feared up to giving him the remarked that there was 100 Radio Corp. 13 practical assistance he will need.”i grea; a Tendency to attribute Mr. Somerville Smith said that Britain's dollar problem to lack American-style market research of productive effort here and to Iwas essential if British goods poor British salesmanship.

were to sell in the States. If a

The answer was not to be found firm was prepared to undertake in lack of effort here, he assert-] this. his department would ed. guarantee it against losses arising The electrical machinery manu- from market research surveys facturers, Mr. Wilson said, weTE which failed to pay for them-exporting £3,500,000 (US$9,800,- selves over a period of time. 000) worth of goods a month in the first half of this year com- pared with £500,000 worth month in 1935-seven times by The Department would guaran-value and three times by tee exporters against loss involved volume..

A Guarantee

а

in extraordinary advertising and That success was reflected In promotional expenses in cases hard Currency markets. Even where preliminary surveys had after devaluation, the United States market was not wide open When it came to selling. Mr: to the industry but in Canada, a Smith added, it was good tremendous market was

been favourable.

OT

trying to sell unless a retaller Mr. Wilson said-Renter:

can call up and say he wants his

stock duplicated within 24 hours and unless the British can give that service."

The manufacturer

must be

Market consignees of cargo are hereby

open,

Notice To Consignees Consignees Per

3.5. “BENWYVIS”

are hereby notified that their

Sears Roebuck 42% Shell Oil 39

Socony Vacum 174 - Southern Pacife 44 Standard Brands 21%

Sweed Oil of Calit. 67%

Ou of N. J. 714 Studebaker 24

Orion Bar 262

Union Carbide 40%

US Rubber 34%

US Steel 24%

US Lines 15%

Westinghouse 28%

Youngstown Sheet & Tube 6714 Gen. Pub, Utilities 15%

-Associated Press.

Notice To Consignees

CONSIGNEES PER

STATES STEAMSHIP COMPANY

S.S. "MONTANA”

be

Notice To Consignees

M/V BORGHOLT

cargo is being discharged into are hereby notified that their Having arrived Hong Kong the Hong Kong & Kowloon cargo is being discharged into Wharf & Godown Co.'s go- the Hongkong & Kowloon Whart notified that all goods have down, where it will be at Con- & Godown Co.'s godown where been landed and placed at their signees risk and subject to the it will be at Consignees risk US dollars Improved slightly risk and expense into the go- Wharf's terms and conditions and subject to the Wharf's yesterday, and closed at HK$6.- downs of the Hong Kong and of storage, and where delivery terms and conditions of storage. 0444 after opening at $6.02.

Twas put through from Co, Ltd. where delivery may Damaged packages are to be

Kowloon Wharf and Godown may be obtained.

and where delivery may HK$8.08 to $8.11.

obtained. Sterling was unchanged at be obtained as soon as the goods it in the Godowas for ex- Damaged packages are to be HK$15.60, as also were Austra- are landed. lian pounds at HK$12,

amination by Consignees and left in the godowns for exam- Piastres at HK$11:00 a 100, and

the Ticals st HK$27

Company's surveyors, ination by Consignees and Com- 100, were both

Messrs. Carmichael & Clarke, pany's Surveyors, Messrs. unchanged from the previous

at 10 am, on October 24, 1949. Carmichael & Clarke. at 10 NEI Guilders dropped to HKS- 23.50 a 100..

To comply with the General

am on October 27, 1949. All broken, chafed and dam-Bonded Warehouse-Regulations aged goods are to be left in the Consignees must have a Re- London, October 10.

godown where they will be Venue Officer in attendance The new account period started examined in the presence of when damaged dutiable goods on the stock exchange today with Messrs. Goddard and Douglas are examined. duliness in most sections. British on October 26, 1949, at 10 am. No claims will be admitted, gilt-edged. securities closed frag-

LONDON STOCKS

No claims will be admitted after the goods have left the godowns or failure to attend the survey.

To comply with the General Bonded Warehouse Regulations Consignees must have a Re venue Officer in attendance when daigaged dutiable goods are examined.

No claims will be admitted

tionally lower. Industrials also To comply with the General after the goods have left the detlined. Apprehension regarding Bonded Warehouse Regula steamer's godowns, and all after the goods have left the the forthcoming Government plan tions, consignees must have a goods remaining undelivered steamer's godowns and all deal with the economic crisis Revenue Officer in attendance after October 25, 1949, will be goods remaining undelivered was responsible for the down when examining damaged duti subject to rent. trend.

to-

Mining issues moved Irregularly able goods. All claims against but Kafiizs showed cocasional the vessel must be presented to firmness. The Daily Index was the Undersigned within four 101.6-Associated Press.

teen days of the ship's arrival, nr.they will not be recognized.

No fire insurance will be ef

BEET CROP

London, October 19, Returns from the four big fat- fected. tories indicated today that the Mary-Anpran Sugar beet crop this reason will be one of the smallest en records 20 per cent drop from-last year.

Sv

WALLEM & CO.:

Agents,

Telephone 34177-8,

The ares normally produces Hong Kong, Octob

of Britain's beet sugar--United- Press,

one quarter

25

.on or.

after October 28, 1949, will be subject to rent er must be presented to the

All claims against the steam= LEVAADA undersigned

All claims against the steamer November 15, 1949, or they dersigned on or before Novem-

before must be presented to "the un- will not be recognised.

ber 4, 1949, or they will not No Fire Insurance will be

be recognised eflected

No Tire Insurance will be effected.

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

Agents.

DODWELL & CO., LTD. Agents.

20, 1949. Hong Kong, October 19, 1940. Hong Kong, October 21, 1949.

AMERICAN. PRESIDENT LINES

The Global Fact

TO HONOLULU & SAN FRANCISCO

"President Wilson"

"General Gordon"

"President Cleveland"

via JAPAN

Arr. Nov

Salls Nov. 5

Arr. Nov. 4

Sails Nov. $

.Arr. Nov. 29

Sails Nov. 38

TO SAN FRANCISCO & LOS ANGELES

"President Madison" "President Pierce"

via-JAPAN..

Arr. Oct. 26 .... Art.Nov.

8

Salls Oct. ** Sails Nov.

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

Marine Snapper" "President Johnson'

Arr. Oct. 30 Salls Oct 31 ............Arr. Novę" 29 Sails Nov. 23-

ROUND THE WORLD'

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

"Mount Davžs” "Mount MarsfieldTM

Arr. Nov, · 4 · Salls Nov. 5 Arr. Nov. 13 Sails Nov. 15

TO JAVA & STRAITS

Arr. Oct 2

"President Johnson

Opposite Star Ferry

Safls Oct. 24 Tel. 28172/5.

BEN LINE

SHIP **BENWYVIS” *BENVENUE” “BENLEDİ

FALS

Fas

ARRIVALS

FROM

DUE

In Port

27th Oct.

J1st Oct

U.K. via Singapore

"BENLAWERS" "BENRINNES" **BENARTY"

"HENVORLICH"

-do-

19th Nov,

do

21st Nov.

28th Nov.

10th Dec

SAILINGS

SHIP "BENVENUE "BENLAWERS”

"BENLEDI”

"BENWYVIS"

TO London, Antwerp,· Rotterdam, Ham

burg & Hull Genoa, Liverpool, Glasgow, Leith &

Dublin

Liverpool, Glasgow,

Dublin,

Hul!

LOADING 30th Oct. 23rd Nov.

5th Nov.

Havre &

20th Nov.

22nd Nov,

Liverpool, Glasgow, Dublin, Havre, Ant-

werp, Botterdam & Homburg

20th Dec.

*BENRINNES" ... Genoa, London &

"BENARTY"

Leith

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

Accepts cargo for Japan.

For Further Particulars, Apply To--

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

York Building.

Agents

Telephone: 34185.

THE EAST ASIATIC CO., LTD.

S.S. "SERAMPORE"

LOADING ABOUT 30th OCTOBER

for

SAN FRANCISCO, LOS ANGELES, PORTLAND, SEATTLE & VANCOUVER

M.S. “KAMBODIA”

LOADING, ABOUT 121⁄2 NOVEMBER for

ADEN, PORT SAID, - ALEXANDRIA, - ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

Tanks available for the carriage of oil in bulkc.

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

Tel. 34111 &„MIII**

KLAVENESS LINE

SAILINGS

Direct to Los Angeles, în 16 days Thence San Francisco, Vancouver, Scattle & Portland M.S. "FRANCISVILLE” ....

Bass 29th Oct.

ARRIVALS FROM PACIFIC COAST.

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

22nd Oct.

21st Nov

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

M.S. "CASTLEVILLE”

Passenger Accommodation

Chinese Freight, Agents, HOO FOOK PING

25th Oct.

Bulk Oil Tank

Apply

THE BANK LINE

(CHINA) LTD.

King's Building. Tel, 21792, THE BANK LINE (China) LAS.