1950-01-06 — Page 12

THE CHINA, MAIL, FRIDAY, JANUARY ~6, 19802

ROYAL

INTEROCEAN

LINES

JAVA PORTS and MACASSAR

"TJIBADAK"

"TJTJALENGKA

"TJIKAMPER”

"RUYS"

3.1 LOAN

SAILINGS

19th Jan, 7th Feb.

MANILA

SAILINGS

25th Jan.

23rd Feb.

ARRIVALS

12th Jan. 31st Jan,

ARRIVALS

SINGAPORE, PENANG and BELAWAN DELI

"VAN BEUTSZ"

"TIRADIC***

TJITJALENGKA **

ABRIVALS

FINANCE

AND

COMMERCE.

DRAIN ON BRITISH RESERVES STOPPED

Mong Rong Stock Exchange

No change to report yesterda 7.

HK GOVT. LOAN)

155 Lano 11954 & 1940, 1966

SAILINGS

1216 Jun.

19th Jan.

7th Jan. 12th Jan.

$ 14

7th Feb

21st Jan,

*

I K A 20

shares

* Calling Singapore only.

EAST & SOUTH AFRICA & SOUTH AMERICA

**TJIKAMPEK"

"RUYS"

- TIISADANE

BANKN

Parch 1702

AP

1. How

Bhak Met h A

Hank at Font Anda 11-a

INSURANTER

SAILINGS

ARRIVALS

. 25th Jun

C'est

23rd Feb.

*

T G

Con

12th Jun

NK

1. W

ARIPPING

k

Underwalters On

Calling at Meinhans & L. Marques direct. Transhipment cargo accepted on through B'a/Llo

Dar Es Salaam and Zanzibar.

Thumpinama ZOHIN

Judo Charm Pret a

12 241

JAPAN

SAILINGS

ARRIVALS

9th Jan.

Fith Jan,

"RUAN"

"EJINADANE"

Agents: HOLLAND-EAST ASIA LINE EUROPE via MANILA and MALAYA

SAILINGS

Bih Jun.

Early Feb

Sh-[. ·

Arm Nat

14- RICKR. WHARYES

GORKOWNA, Etr.

North Palmi Whaler 1, STAGE NAC Hongkon WJSNEVER 「ろい }X Dew inb. 15

$71, M Blonghi Dinkamida 1.n

"L'A LANDR HOTELS 5 ALICA

հ : էլ

MINING

Book Miur Cr

I & M

ARRIVALS

2013 Jan.

Tennshipment cargo accepted on through B's/L to,

Northern European perta

·RIDDERKERK”

·FANGLEJ SCOP “

Mediterranean and

JAPAN

SAILINGS

ARRIVALS

25th Jan.

8th Jan. Early Feb.

*RIDDERKERK”

"LANGLSESCOT"

KING'S BUILDING

NEST Asus 82 C

TELS 28015 to 28017 inate Rb C T. 31196-25133

OCEAN AGENCIES LTD.

FAR EAST SERVICE

FROM U.S.A. PORTS

S.S. “POLIFEMO"

due about 12th January

Agents:

THE HONG KONG EASTERN SHIPPING CO., LTD.

Room 28, French Bank Building, 2nd Floor, Telephone: 32369

BURNS PHILP

LINE

Passanger and Freight Servica M.V. “MERKUR”

From AUSTRALIA & MANILA

o 16th January

Sails for JAPAN, 20th January - Loods for MANILA, NEW GUINEA

and AUSTRALIA, 911

Agents,

February

GIBB, LIVINGSTON & CO., LTD),

&0. Building. Tel. 30320

11, a 8 Hotels 12 703, 17 204, 11 t Lond 49 143cl A

Shanghai Lanta

30

Honey $#

Valm Da

"Dem

ик

"

gobli

PURLI TIL ITSEA Trass may 157-1 Tam

Fettlem

It

-

+(

Ta mob, 17

11212 40n.

· New 189.

к

4 344,

Mano Electrios 201.m Batakuo Thebla 200 Taleplumen

|13,50

INDUSTRIALA

cord, 265 2

1. F

Call Mary l'antic gr

11 K

Iuiry Fur

#TORES. Et.

Crawford 196

11

Кар The Emporium Thay

Kwear SADY Hong UN Wing

IFI.N

MISCELLANEOUS

Choon Pantertainment } 41, la

JEN CAD ska verktoyen (19kt z 10n

1

Vitera Allinge tap

Karaman Invretenente ŷn. MA

Hauscht am 1 3000 YAN-ON B

CUTTONS

FELTEHER. etc. COMPANIES

Alt Petaten tün Augz Derteh

300 Anglo-ďovan 10 Batu Anama Fon

קון

Hlute Plautari nya Chemine Natted 200 Cheng Tutbera ten, Consolidateal Rubbers in Binion Hubbertu du. Langkats in.

Repah Rubzlzeme 10 Rubber Trista ae Shinagaga Bubbers Lin. Remanbu Richbere 151. Khenahni Koslaba" #Mt. Shanghal-Malaya 12n, ihenahel Pahang 281. Changhat Sumatra In. But Darla 19. Tanah Meraha 80n. Trbes Halibers 101. Kinnabe Rubbers in.

Money Market

1

US dollars opened yesterday at. HK$6.54%, and closed at 54.8532,: after a period down to $6,532.

TT was put through between HX$0.581 and $0.6DA.

London, January 4.

British gold and dollar reserves during the last quarter of 1949 rose by $263,000,000, and have boon continuously on the increase since the devaluation of the pound sterling on September 18, the Treasury announced today, The Chancellor of the Exchequer, Sir Stafford Cripps, said at a Press conference that the major contributing factor in stemming the drain on the British reserves and keeping up this trend, was a cut in the imports from dollar countries such as the United States and Cana- do.

neither

He

Sur Stafford uptimistic nor pessimistic. said: "I hope no she will shoul that we have already reached ur goal. or grumble that we We haven't done have failed. either

We have made good, sensible progresu aling Liner we hoped to follow when we took the men- Cure that

laught abous Sufford pointed. ་!【་ That at 67488,000,000, Bri- inia's gold and dollar reserves are s about $100,000,000 less than before Marshall ald

aid started.

the change.

کا

He said that the gold and dol. bar deflejt in the dihal quarter of 1949

taly $21,000,000 Fonpared with the bouncing gold and dollar delicit for the third quarter of $539,000,000.

St Station gave three reasons provement -the hold- 1 back un purchases and pay- ment of purchases reached in the perkx Just before devaluation,

LONDON STOCKS

New York Stock Exchange

New York, January 4. The stock market closed at the

highest average level today since

1540.

Leovy dealing preceded de- very of realdent Harry Tru- man's annual State of the Union

forwart D the message to Congress. The mur-

going Prident began the outline of his legislative proposals. Final prices

ket wis

were up fractions to about two points with

turnover of up. proximately 1,000,000 shares.

1

Higher were Santa Fe. Union Admiral Corporation. Paeltie, American Telephone.

increased business activity in the United States in the last part of 1940. (one half of the reduced deßelt is attributable to these two the factors) and the effects of nterling area's campaign to cut dollar

Imports drastically.

that wald The Chancellor

and some temporary

some per. hava

been! 41.37. manent benetts reaped from devaluation. be warned that its exccom will

Bul

largely depend Dri Britain's

afforts to export sufficient goods. to dotter and ather hard curij 10 rency areas to give Britain a permanent favourable balance of paymenta to there arepe,

Firms' profits

Ken-

Questlaners tried but falled to draw Sir Stafford into giving a clue about when Britain's vrai election would be held.

Asked when the Economic Sur- voy for 1950 would be available, the Chancellor replied, "Presun- ably some time in the first half of March so that It is available, as before, for discussion with the

budget.

Aaked whether this meant that London, January 4.

he intended to introduce the bud- Col shares scored general galos in

quiet

session on the get before the general election. Sir Stafford partled, "That is not London Stock Exchange Lodiny.

the right way to put the question, British Government bonds were

because the budget is axer of inantly unchanged. In the foreign boud st. profit-taking knocked necessity but the general elec- down the price of Japanese issuestion is not." fractionally to a point. Cash in

was unchanged.

ย

question about the late uf Beitaly's trade talks with Arga

that Stafford replied there was no news of much pro-

Finetal Times' intex 105.4.tine, Str Associated Press

NY RUBBER

New York, January 4.

No. Crude rubber

1 futures closed five to eight higher with Tales of 231 contracts.

March May July

18.33 - 35 18.00 17.60

Spot No. 1 ribbed smoked shorts 8 nominal.-- Associated Press.

Taiwan a useless adventure

New York, January 4, The "New York Post sald today that the United States could not retrieve China "by en adventure in Talwan."

in the ensuing turmelt we could

suffer even preater de- foats in Aala," it declared. There was "virtue in reżignis- Ing defeat and trying to fashion a poltay in the rost world."

HWE

noed an Asja polloy founded on - steadily closer relationship

with Pandit Nehru's India and the trans- lation of Point Four into a programme that is meaning. ful to Asia's peatless human- ity," it added.

The

"Post" described Tal- wan as "a reckless diversion for frustrated Stepublican politicians, olmestialad can. *rale and

typewriter ridrs."—ftauter.

DEFENCE FORCE ORDERS (Continued from Page 11),

work with both the RAP

He was then asked whether he thought "some British Arms were at present making excessive pro-

its

"A number. ie auswor),

are making very good profits and. I think that in some cases they might be user in reducing prices, for the general benefit."

Gold price

Sir Stafford was asked if it is) his intention to support the claims of South Africa for a higher dol- lar price for gold.

He raid that the matter is still being considered by the Inter- national Monetary Fund

is

plied,

Pressed to say whether Britain|

the etdim, he re supporting lied, "We are

considering it." Sir Stafford was asked for his views on Australia's proposal to It petrol rationing.

He replied that neither Aur- tralia nor any other country in the Sterling Area would take any steps to increase the drain on dollars.-United Press and Beu-

ter.

PI GOLD SALĖS

Manila, January 4, Reliable source said today that President Quirino has directed gold mining companies to sell 25 per cent of their production to the Government at the official price

AMERICAN. PRESIDENT LINES

The Global Flash

TO HONOLULU & SAN FRANCISCO

"President Cleveland"

"President Wilasu" "General Gordon"

vio JAPAN

Ark. Jan. 13 .... Arr. Jan. 20

Arr. Feb. 3

Salls Jan Sails Jr. 20

Salls Feb.

TO SAN FRANCISCO & LOS ANGELES

"President Pierce" "President Harrison"

vio JAPAN

Salls Jan. 16

1 Arr. Jya. Arr Jan. 20 Sails Jan. 27.

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

"President Tyler" "President Grant”

Arr. Jan. 24 Sails Jan. 25

Art. Feb. 19 Sails Feb. 20 ROUND THE WORLD

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

11 .Art. Jan,

Arr. Jan. 32

Sally Jan. 12 Salls Jan. 24

TO JAYA & STRAITS

"President Van Buren" "President Jefferson"

Dow

Jones

Stock Average Stocks 72.19, up 84; 20 Industrials 200.20; 15 Rails 54.31; 10 Unie.

"President Grant"

Opposite Star Ferry

Closing quotations: Adams Express 22'1⁄2 American Can 100

Smelting 55'y Telephone 1407% Tobacco 74 Waterworks 74

Copper 20

Anaconda Aviation Corp $ Baldwin Locomotive 113, Barnsdall 55 34 Bendix Aviation 36 Bethlehem Stoel 82, Boeing Aircraft 24% Borden Co. 50% Canadian Pacific 161⁄2

3. I. Case 391;

Chrysler 07

Colgate 42% Commercial Solvents 21 Corn Products 71% Du Pont 02 Eastman Kodak 47

General Electric 42%

Motors 72

Goodrich 71% Goodyear 44%

Homestake Mining 46%

International Harvester 2714

ተቀ

Paper 30% Tel & Tel 10 Jolus Manville 49% Kennecott Copper 314 Montgomery Ward 55% National Distillers 2344

Lead 30

New York Central 12% Puckard Motors 4

Pan American Airways Bly Pennsylvanin RR 174 Radio Corp. 121⁄2 Remington Rand 12% Republic Steel 24% Reynolds Tobacco 30% Schenley 3214 Gears Roebuck 43 Shell Oil 37 Socany Vacuum 17 Southern Pacific Bi Standard Brands 21%

chuck

Oll of Calif. 63% Oil of N. J. 67%

Studebaker 28 Union Bag 20%

3845 Steel 27

US Rubide 445

1. Lines 144 Westinghouse 82% Youngstown Short & Tube 70% Gen. Pub. Utilities 10%

Heavy buying of rallway issues developed i the bond market with gains running up to three points. Higher in the curb were Cities Service, Humble Ott, Kaiser Frazer-Associated Press.

Consignees For

of $33. per ounce. They said the NOTICE TO CONSIGNEES remaining thred-fourths of pro- duction may be disposed, of in "any' manner the rhinors choose. The action is believed to be a compro- miso with mining companies atho have been deking, relaxation of controls on gola transactions here which were recently imposed by the government.

STATES STEAMSHIP COMPANY

3.8. "ARIZONA”

The mining ruén, protested are hereby notified that their against the controls claiming that cargo is being discharged into they are unable to operate the the Hong Kong & Kowloon mines unioss they are able to conWharf & Godown Co's godown the selling gold at more than where it will be at consignees $35, per ounce. United Press,

risk and subject to the Wharf's terms and conditions of storage,

Sterling was firmer at HKS-ant RNA. Any member of the Fer NOTICE TO CONSIGNEES and where delivery may be

15.10.

who' wishes to be considered · fur theme

Australian pounds went up 10 anpolniments should get in touch with cents to HK$12.80.

Plastren, after remaling nomi-

[the Deputy. Comamandent, Foros (11Q7or the Adjutant, Hong Kong Rediment.

nai at HK$14.90 a 100 for the past didate should have a good végiman fortnight, were yesterday marked tal background. They will be rule up to $15/10.

Ticals dropped 20-cents HE$27,50 a 100,-...

NEI Ouilders were slightly mer at HK$21.00 a 100.

CIT DEL MISSÃO PRIES

- MARITIMES Sedan

“Conalátirse bez Company's

obtained.

Damaged packages are to be. left in the godowns for ex- amination by Consignees and | tocattend before ardelortion Sourd after)

the Company" s'aurveyors, haring, pamet (out of the Depot. Thahersby nailed that their care to ancolmments are also open to personnel and date, then than and Messrs, Carmichael &

Clarko dot ready for the WKOPPALABRADORN fir-layn Howlat` The following have been godoyo, abera. It wit" han 35 Cavalleries)

Kampong hair af danch, pony at 10 am. On January 6, 1960. salacted to represent the Hong Kong to them and then to hit what? 3 dni (To comply with the General #iment vorst Kowloon Bawling Green and conditions at starego

sql whent SHIP MOVEMENTS Clan Sunday, January 15, 1950 off the Walross the stairs Bonded Warehouse Regulations, consignees must have a Ro venue Officer in attendance Butler, -1/A/Det JAN-TRAÏa, 17 Mecruit Demarse packdura, sin the lati (se when damaged dutiable goods

examined.

San Francisco, January 4,

Idaho

monda 'ure-landed.

Kowloos “Baklinz Desen Club at £20jaš } | RA TEIL /Rossolet, - «PƒAƒOƒØ«AZ ÚLC,

N.J. Debbiertos, The. £.F.6, Baker Pull the Goderna fer staminaliomi - by :Cat-

Eastman, the ... Company's

Yokohamo. Fernishlid salled for 4. Prats, le dima, toto planets Collar Donaheim will be admitted

Manila..

Recruit I.B. Cepel, Lleut: M:31. Rakusen,) on Saturdar, VOL. Xansory" KUN MEN Sentule, Ships called;" David Llet. P.M.N. da Bitve, Pte. LO.. Baker, Shanks for Yokohama.---Associat- /U/WO,II_A.P. Tereita, Major AM-To comply with the General | Bruder ed.Press.

| Mødrijven, Pie. L. Bykes,

DE LA RAMA LINES

ARRIVING, FROM US, ÁTLANTIC COAST MVIA LOS ANGELES & SAN FRANCISCO

DIV: "HALLAND":

THE DE LA

MARTH

$30th Jan.

STEAMSHIP CO., INC.

the Phijfpains)

CHINESE SHIPPING OFFION

Warnbosse : Merniations, Conclameed “heros a: Rayonda Offerry inj 'attendance when '- dasingst. Kullable poidan

“knedavhara, Taft the steamer") - vodowane: andi:all Zaende PODMÍNKET, MASSIVO after 8th,” January 1945-will, be muhle

All claine Arsimit, The Mammar, men

•hu/pesaented to the undersigned- an ar before the 218,, January 3150 -ʼor (they will not be recognisedang

GIN,DES. MESIACERIES

Hong Kong, Ard, January 1150)

Aer. Jan. 14

Sails Jan. 13

Tel. 28172/5.

BEND LINE

SHIP

"BENLOMONO"

"BENVRACKIE"

"BENVORLICH"

"BENCLEUCH"

*"BENDORAN"

"BENMACDHUI”

"BENALDER"

"BENMHOR"

"BENAVON"

"DENALBANACH” "BENVENUE” "SENVANNOCH"

BENCLEUCH" "BENALDER"

"BENVRACKIE" 17ỪỂNM HOR"

"BENVANNOCH"

"BENVORLICH"

"BENMACOHUI"

"BENAVON" "BENVENUE"

{

FROM THE FAJ EKST

ARRIVALS

FROM

U.K. via Bingapore.

SAILINGS

DUE

In Port

9th Jan,

9th Jan. 14th Jan.

ort or abt.

21et Jan,

27th Jan.

10th Feb.

12th Feb.

26th Feb.

28th Feb.

12th Mar.

20th Mar.

London, Antwerp, Rotterdam, Hamburg

A Huli.

Genoa,

Loading on or abt.

18th Jan,

15th Feb.

Avonmouth,

10th Jan,

Rotterdam,

10th Feb.

Hamburg à Hull,

24th Mar.

13th Jan.

Liverpool, Glasgow,

Blat Jan.

Dublin, Havre And Antwerp.

28th Pot..

16th Mar.

London,

Via Malaya, Colombo, Aden, 'ard Suez Canal

* Accepts Cargo for Japan, Kcséple Cargo for Port Sudan,

For Futiner Partienters, Apply To

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

York Building.

Telephone: 34168,

HOLLAND-EAST ASIA LINE

M.S. “RIDDERKERK

LOADING 8th JANUARY

for

MANILA, SINGAPORE, COLOMBO, ADEN, SUEZ, PORT SAID, ALEXANDRIA, GENDA, MARSEILLES, ANTWERP, ROTTERDAM, AMSTERDAM, HAMBURG, COPENHAGEN, GOTHENBURG and OSLO Passenger accommodation available.

Agenta:

ROYAL INTEROCEAN LINES

King's Billding, Connaught Rond, Tels, 28015, 28010, 28017.

KLAVENESS LINE

SAILINGS

Direct to Los Angelos, in 16 days thence San Francisco, Van

Seattle & Portland after the goods have left the MS. "SUNNYVILLE"

29th Jan, steamers, godowns, and all goods remaining undelivered after January 7, 1050, will be subject to rent...

M:S. “FRANCISVILLE” the M.S. CASTLEVILLE

agafrist siéntier must be presented to the Undersigned on or before January 13, 1950, or they will not be recognised

ARRIVALS FROM PACIFIC COAST

21st Jan.

21st Feb.

Sailing to Singapor

Penang, Belawan

Port "Swettenham,

Batavia

23rd Jan.

Apply

No Fire Insuranco will be M:S. "FRANCISVILLE

effected.

DODWELL & CO. LTD.

Agents:

Hong Kong, January 3, 1950.

Chinese Freight Agents,

THE BANK LINE! HOO FOOK FING “

#CLARA SHINA) LIDES dings Bunding. Tol 27702. TZM BANK LINE (Obina) Las