1950-01-12 — Page 12

ROYAL

INTEROCEAN

LINES

JAVA PORTS ond MACASSAR

"TJBADAK"

"TJITJALENGKA"

SAILINGS

19th Jan. 7th Feb.

ARRIVALS

13th Jan. 31st Jan.

MANILA

BAILINGS

25th Jan, 23rd Feb.

ARRIVALS

"TJIKAMPEK"

"RUYS"

"STRAAT MALAKKA'

14th Mar.

21st Feb.

SINGAPORE, PENANG and BELAWAN DELI

SAILINGS

ARRIVALS

*VAN HEUTSZ“

"TJIBADAK"

12th Jan

18th Jan.

7th Feb.

13th Jan. 31st Jan.

TJTJALENGKA”*

• Calling Singapore enly.

EAST & SOUTH AFRICA & SOUTH AMERICA

"TJIKAMPEK"

"RUYS"

"TJISADANE"

STRAAT MALAKKA"

THE CHINA MAIL, THURSDAY, JANUARY 12, 1980.

FINANCE AND

COMMERCE

Sterling balance talks to be held this month

Hong Kong Stock Exchange

Little or no change to record in an otherwise quiet sosalon.

The Directors of the Jiong Kong Bunk have declared a final dividend of £3 free of tax.

*

ARRIVALS

BAILINGS

25th Jan.

23rd Fob.

14th Mar.

13th Jan. 21st Feb.

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

Dar-Es-Salaam and Zazizlber.

TJISADANE"

"TJIKAMPEK"

"BUYS"

"STRAAT MALAKKA

JAPAN

SAILINGS

ABBIYALS

15th Jan

22nd Jan.

9th Feb.

20th Feb. 11th Mar.

. 23rd Feb

Agents: HOLLAND—EAST ASIA LINE

EUROPE vlo MANILA and MALAYA

"LANGLEESCOT”

"BEEMSKERK"

BAILINGS

Late Feb.

Early Mar.

ARRIVALS

20th Jan.

Early Feb.

Transhipment cargo nece pled on through B's/L to,

Mediterranean and Northern European perts.

"LANGLEESCOT"

"HEEMSKERK"

11.K GOVT. LOANS

44% Lomb 1000

Loan (1934 à 1040) 100%, Slats Lown (1948) 100% xã Int

BANKA HK AS Bank 18106

Lo Trg $1. Chartered Bank AD 11/200 Mercantile Bank A. 4 25. Barth of

Kaut Asia toph

INSURANCES falon im, Blon.

Unshot In

China Underwriters b

1218

*K

Du HK

KRIPTING

Mieamboata in

Indo Chinas (Pref) 30 n.

Det zon.

41/08.

Rhefis (Bearer)

11 Waterbomala Xin Ante Nav

1.190

DOCKA, WHARVES, GODOWNA, El 1.XX. Wherren 2180.

North Paint Wharves đàn Shanghal Honghew Wharvm 16p H.K Dorka 191⁄4%), intern, Chins Providrata 122 Shanghai Dockyards 94, Wheels 346.

MINING

Bank Mines 6% 0,

Mo 01 n

1.K

LANDS, HOTELS &

LOGR

# A# Hotels 12.19b, 12 in, m.

SI X Landa 19igh, IPlana

Shanghai Landa 1.10b

Humphreya 10 y 5, 104cm

HK. Henities TV, 2.10%

Chitismo Kalates 1005.

PUBLIC UTILITIES

HK Tramways 16 104, 15 hyn, in adva

'n Traizam (010) 180

JAPAN

.

BAILINGS

ARRIVALS

25th Jan. Early Feb.

Late Feb. Early Mar.

1.K

KING'S BUILDING TELS 28015 to 28017 Chineas Anests 82 Commavant Po. C. Trự: 31196 - 25133

OCEAN AGENCIES LTD.

FAR EAST SERVICE

FROM U.S.A. PORTS

S.S. "POLIFEMO”

duo about 16th January

Agents:

THE HONG KONG EASTERN SHIPPING CO., LTD.

Room 28, French Bank Building, Zad Floor,

DE

Telophone: 32369

LA RAMA LINES

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

M.V. "HALLAND”

30th Jan.

BUTTERFIELD & SWIRE

Agents

1. Connaught Road, C.

Tel. 30331

(New) 1% n

Ferries PiY.

Lights (Old) 12.201 12 bin

(New) 95.

Electric 81İŞA

60%

Macao Electrics thn. Bandakan Light 15%n Telechons 10% n. Shanghai Gran 140

INDUSTRIALS Cel Mac (0) 10 Canton icon 2łyn Cement 24, 24. 11. K. Ropes ($v, 18 an

STOREA Hir.

Dairy Farma 43% Wateolla 490, 40% ma Crawfords 19% b Sincere 400

China Emporium 10n. Hun Co., LM. 2.551

Wing On (1.K.) 72n. Won, Powell, Ltd. Plin.

MISCELLANEOUS

China Entertainmenta Jab HK. Constructions 1014) 7 19′′

(New) 18On

Vibro Piloge 186.

Maseman Investments Den Shanghai Down 1.80 Уалкыния on

Evros

COTTONA

COMPANIKS

KUSDRA, Alma Estates 18 Anglo-Dutch 201 Anglo-Java En. Batu Anams 201 Bute Plantation 10.

Chemor United 200. Cheng Rubbers 106, Cosmolidated Bubbers 11. Dominion Rubberi in, Langkat 14. Sepah Rubbers lön. Rubber Trufla 144#. Bamaguen Rubberi 50%. Bemamba Robben jön. Shanghai Kefaha 214 n. Shanghai-Mainan En. Shenghal Pabang 360. Shanghal Bumatra in. Sungel Duris 1995 m. Tanah Meraha 90A. Tehoug Rubber 10, Glaube Rubbers in.

Controls on gold trade eased in Pl

London, January 10. Unofficial financial quarters said here today that two sets of Sterling balance negotiations to be held this month will put to the test Britain's new policy of reducing reloases from these balances.

said

They were speaking of the Anglo-Egyption sterling balance talks which open in Calro tomorrow, and the Anglo-Israel negotiations on the same subject which start here on January 25.

£12,000,000 and was able to make further drawings if her "free" No. 1 account fell below £45,000,000.

Authoritative quarters here to The negotiations with Egypt and day thought that the No. 1 ac israel are the first to be hold count had not fallen below this since the

policy WIE TO- figure during the year, and that vented by Str

Stafford Cripps. Egypt had, therefore, not drawn Chancellor of the Exchequer, more than £12,000,000 during sothe weeks ago.

A Treasury spokesman today that the Jarnol delegation was due to arrive in London on January 23.

AL

a press conference yesterday Sir Stafford Cripps reaffirmed the need for cutting down Sterling balance releases, BU that the level of Britain's "unrequited ex- ports" could be reduced,

Lilen for

The productive empacity of in dustry thus released could be used for making export dollar and other hard currency countries. """But.""

The Chancellor addled "It is not only a question of what Britain wants. We must also pay some attention to other people's }needs,”

Israel's balance Israel's present balance JK understood to total about £20.-

000,000.

1949. Reuter.

DOLLAR RESERVE VITAL

Manchester, January 10.

Until Britain has rebulit her dollar reserve she is not competent to act as banker of the Sterling Area, the Liberal "Manchester Guar- dian" said today,

In leading article comment- Ang on the satisfaction expressed by Sir Stafford Cripps, Chancel- for of the Exchequer, with inst the

Under the previous agreement, which ren out at the end of year's increased production, October, she obtained releases at the rate of £700,000 monthly for Esta mouths.

אני..

Clunktion" said that what mat- leved in the near future was how far this higher output bad made The exact extent of Egypt's Britam better able to pay ber balotices are not known but they way in the world, fare bolieved to be between £330,-| In the last half of 1949, it said, 1000,000 and £340,000,000.

Britain consumed £ 100,000,000 sterling more than she produced. of Her trouble had become again

Under the 1940 agreement, Exyn

obtained

release

Report on Jap tax

programme

that total exports were too small as well as that she was selling too few of them to dollar coun- tríc.

"Sir

Stafford Cripps persisted yesterday in attributing the sum- mer's crisis to the recession In American business rather than to the loss of confidence In the Pound sterling, but even zo ho admited that the causo was slight," the "Guardian” said.

" the four post-war

усага we have had $0,700,000,000 of aid from the United States, but our New York, January 10.

reserve of

foreign exchange. The National Foreign which was $2,478,000,000 at the Trade Council today issued beginning of 1940 la 31,088,000,- the final report on its study 400 now.

"Until it is rebuilt we are not of Columbia Professor Carl competent to do safely our work Sumner Shoup's proposals for as bankers of the Sterling arcu. a Japanese tax programme Until we are competent our high other achieve- and as predicted found its production and

ments at home will remain pain- provision for personal in-

fully insecure.”—Reuter. come taxes the most objer-| tionable feature.

In pust

on this proposals.

statements phane of the Shoup which came from a study by the

TRADE TALKS

Oslo, January 9.

A Norwegian trade delegation

||

N.Y. Stock Exchange

New York, January 10. Late buying rallied a do- clining stock market today. For the fourth full session in

row, sales topped the 2,000,- 000 share mark with turnover about 2,300,000 shares.

Nickel Plate and Railroad were aheed seven

others points and gaining included Kennecott Cop- per, Greyhound, Goodrich, Ameri- can Woollen, International Tele- phone, Lower WCTO Republic Steel, Curtis Wright, Walworth, Santa Fe.

Benguet

4.

Consolidated Mining was among the most active stocks, with sales of 15,000 shares, clos- Ing unchanged at

Stocke Dow Jones Averages: 72.88; 20 Industrials 201.17; 15 Rails 33.32; 10 Uities 41.46.

Closing quotations:

Adams Express 23 Alaska Juneau 3 American Can 100

Smelting 561 Telephone 1474% Tobacco 75 Waterworks 8 Anaconda Copper 30% Aviation Corp. 0

Baldwin Locomalive 12 Barnsdall 66

Bendix Aviation 304

Bethlehem Steel 32%

Bacing

Aircraft 28

Borden Co. 48% Canadian Pacific 10%

J. 1. Cane 40%

Chrysler 06%

Colgate 434

Commercial Solvents 20 Corn Products 081⁄2

Du Pont 62% Eastman Kodak 471⁄2 General Electric 43%

Молота 717 Goodrich 74% Goodyear 47

Homestake Mining 47

International Harvester 28

+4

Paper 30% Tel & Tel 11 Johns Manville 48% Kennecott Copper 53% Montgomery Ward 57 National Distillers 23%

Lead 35%

New York Central 13% Packard Motors 47 Pan American Airways 10 Pennsylvania RR 17%

Radio Corp. 13% Remington Rand 12

Republle Steel 2442 Reynolds Tobacco 35 Schenley 33%

Sears Roebuck 43% Shell Oil 37

H

Socony Vacuum 103% Southern Pacific 33% Standard Brands 22%

Oil of Calif. 64% Où of N. J. 68 Studebaker 27 Union Bag 28%

Carbide 44% US Rubber 10 Steel 274

++

Lines 10%

Westinghouse 32

Youngstown Sheet & Tube 75% Gen. Pub. Utilities 16%% Hallroad bonds continuod up- tonight for Austria, word in the corporate bond mar- said Hungary and Greece to negotiate ket, headed by Missouri Pacific. Uits would discourage foreign new trade agreements with these

Lower in the curb were Hum- Investment.

mission he headed to Japan last left Onio summer, the Council has

The Council said

countries.

under the

Vienna will be visited first.

Issues.

ble

A

American Republics.

proposals a man with two child- new clearing agreement with Aus- Cities Service.--Associated Press. ren, earning $5,000 (2,000,000 tria will also be discussed. Nor- ren) would pay 50.3 per cent in way and Austria. have, mutuol Japanese taxes, compared with trade valued at 15 to 20 million

MAERSK LINE

only 7.75 per cent in the United (kroners each per annum.-Reuter. NOTICE TO CONSIGNEES

States.

The tax rate for $13,889 (5,000,000 yen) would be 53.12 per cent compared with 14.6 per cent in the United States.

As alternative suggestions, the Council suggested:

"First, taxation on Individuals local drawinga only.

NOTICE TO CONSIGNEES

Consignees Per

6.5. "BENVORLICH”

The M/V 'SALLY

having MAERSK"

arrived from New York and Ports of call, Consignees of Cargo ore hereby. notified that their goods are being landed and placed 01 their risk

"Secondly, taxation on income are hereby notified that their and expenses into the Hong only after a statutory decision cargo is being discharged into Kong & Kowloon Wharf & Go- for approximately 80 per cent the Hong Kong & Kowloon down Company's godown at Thirdly, taxation at rates pro- down, where It will be at Con- be obtained as soon as the goods Wharf & Godown. Co.'s "go-Kowloon, where delivery may

total compensation.

viding in the home country."

The statement added: "The signees' risk and subject to the are landed. committee suggested that foreign Whorf's terms and conditions Optional cargo will not be executives and technicians tem- of storage, and where delivery landed here, unless notice has porarily assigned to service in may be obtained.. Japan be exempt from tax for one to two. years," United Press.

Income

been given 48 hours prior to

Damaged packages are to be vessel's arrival, but carried on left in the Godowns for exam-from port to port to the final ination by Consignees and the port of call to which the option

Carmichael, &e - Clarke, at 10

Money Market Company's Surveyors, Mesars, extends.

were, un-

Manila, January 11, The Contrul: Bank of the: Philippines eased control ón]/TV;

No claims will be admitted domestic gold trading by per-

after the Goods have left the initting a free market here for HK$6.873, went up to $5.501, and

US dollars opened yesterday at am. on January 14, 1050. ·..

Godowns, and all goods remain 75 per cent of locally-produced closed at $0.57.

To comply with the Generaling undelivered after January gold.

TT was put through from HK$ Bonded Warehouse Regulations 10, 1900, will be subject to |6.03 »to $0.04.

Consignees must have a Terent. Sterling dropped five cents to venue Officer in attendance HK$15.10.

when damaged dutiable goods All broken, chafed, and are examined.

damaged Goods are to be left in the Godowns, where they No claims will be admitted, will be examined on January after the goods have left the 18, 1950, at 10 a.m. by our steamer's godowns, and all Surveyors, Messrs."Goddard & goods remaining undelivered Douglas. after January 15, 1950, will To comply with the General be subject to

rent All claims against the steam consignees must have DRG

Bonded Warehouse Regulations venue Officer in attendance when damaged dutiable goods are are examined.

15.10 a 100

The action was taken on the recommendation of the Monetary Board, to which mining interests Australian pounds had complained that they could changed at HK$13. not conilnue operating mined: Plastres were nominal at HICS at more than the officlat price

Ticals went up 50 cents to HKS 70 pesos. (US§35); per ounce. 1.20.50 a 100.

The new Central Bank' ruling supersedes the circular al Decem-. ber 14, which subjectod, all local

“WEEKLY CHINA MAIL" unless they were able, to sell gold

CONTAINING ALL THE LOCAL NEWS OF THE WEEK FROM THE

"CHINA MAIL”” & “SUNDAY HERALD”

Price 50 Cents

ON SALE EVERY THURSDAY:

cold dealings to licensing an which was designed to curb' black, marketing Under the new ruling producers must sell:25 per cent of their output to the Central Bank

NEI Gulldors were unchanged at HK$23.50 a 100-

NOTICE TO CONSIGNEES

M/V "MENESTHEUS”.

26

er must be presented to the undersigned on or before, Janu Damaged cargo ex this vessel ary 31, 1950, or they will not will be surveyed at Holt's he recognised." Wharf between 10 am and Pregna The free market price had noon on January 12, 1950, and No Fire Insurance will be reached more than US350, but is consignees are requested to effected. now expected to drop moderately have their representatives pre- due to relaxation of controls. Current Philippine gold produc- sent during the survey.

tion is estimated at US$10,000,000 ennually,

Import and export of gold re-

BUTTERFIELD & SWIRE,

Agents

WR LOXLEY & CO. WWY (CHINA), LTD.,-

Agenta

All claims must resch before February 12, 1950, or they will not be recognised.

No Insurance will be effected. ABSEN & CO.,

Agents. inuary 12, 1950,

minin subject to losing United Hong Kong, January 11, 1950. Hong Kong, January 9, 1950, Hong Kong

Press

AMERICAN, PRESIDENT LINES

The Global Plast

TO HONOLULU & SAN FRANCISCO

via JAPAN

"President Cleveland"

Arr. Jan. 13 Arr. Jan. 29 ..Arr. Feb. 3

Sails Jan. 14

Sails Jan. 30

Salla Feb. 4

"President Wilson" "General Gordon"

TO SAN FRANCISCO & LOS ANGELES

"President Harrison" "President McKinley

via JAPAN

Arr Jan. 26 Sails Jan. 27 Arr. Feb. 14 Sails Feb. 15

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

"President Tyler" "President Grant”

.... Arr. Jan. 24 10 Arr. Feb,

Satls Jan. Sails Feb. 20

23

ROUND THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, KARACM, BUEZ, PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON

"President Jefferson" "Willamette Victory"

22 Arr. Jan. Arr. Feb. 5

Sails Jan. 24

Sails Feb. 7

TO JAVA & STRAITS

"President Grant"

Opposite Star Ferry

Arr. Jan. 14

Sails Jan. 15

Tel. 78172/5.

BENYLINE

SHIP

"BENVRACKIE”

"DENVORLICH"

"BENCLEUOM"

**BENDORAN”

"BENMACDHUJ" "BENALDER" "BENMHOR" "DENAVON" "BENALBANACH "BENVENUE" "BENVANNOCH"

"BENCLEUCH" "BENALDER"

*"BENMHOR"

"BENVANNOCH"

"BENVORLICH" "DENMACDHUI" "BENAVON"

"BENVENUE"

FAB FAST

FROM TH

ARRIVALS

FROM

U.K. via Bingapore.

DUE

IN PORT

IN PORT

on or abt. 17th Jan,

SAILINGS

London, Antwerp, Rotterdam.

4 Hull.

Genos,

Hamburg

Avonmouth,

Rist Jan,

27th Jan,

10th Feb.

12th Feb.

28th Feb.

28th Feb,

12th Mar.

20th Mar.

Loading on or abt.

20th Jan.

18th Feb.

Rotterdam,

18th Feb.

24th Mar.

K/Wharf.

Dublin, Heyre and Antworp

$1st Jan,

28th Feb.

16th Mar.

London,

Hamburg & Hull.

Liverpool, Glasgow,

Vis Malaya, Colombo, Adon, and Suez Canal.

* Accepts Cargo for Japan, tAccepts Cargo for Port Sudan.

For Further Particulars, Apply To-

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

York Building.

Telephone: 24165.

THE EAST ASIATIC CO. LTD.

M.S. "MONGOLIA"

LOADING ABOUT 9th FEBRUARY'.

for

ADEN, PORT SAID," ANTWERP, KOTTERDAM, HAMBURG, OSLO. GOTHENBURG & COPENHAGEN

Tanks available for the carriage of oll in bulle THE EAST ASIATIC CO., LTD.

Queen's Bldg., 2nd floor.

T:L 84111 & 84112.

KLAVENESS LINE

SAILINGS

Direct to Los Angelos, In 16 days Thence San Francisco, Vancouver, Seattle & Portland M.S. "SUNNYVILLE”

29th Jan.

ARRIVALS FROM PACIFIC COAST M.S. "FRANCISVILLE” M.S. "CASTLEVILLE”

21st Jan 21st Feb

Sailing to Singapore, Port Swoffonham, Penang, Semarang & Batavia

M.S. "FRANCISVILLE!

Fassenger, Accommo Cminedo #reight Agents. ( HOO: FOOK PING

ETTER.

23rd

Balk Off Tanka

THE BANK LINE (CHINA) LTD. THE BANK LINE (ODina);|