1950-02-17 — Page 14

THE CH

FRIDAY, FEBRUARY 17, 1930.

PRO YA PINTEROCEAN. LINES

● SINGAPORE, JAVA

PORTS and

MACASSAR

"TJIBADANE"

"TJITJALENGKA'

"VAN HEUTAZ"

Only to Bingapore, Penang & Balawan Doll.

☛ MANILA, EAST & SOUTH AFRICA & SOUTH AMERICA,

ARRIVALS SAILINGS

in port

21st Feb.

ath Mar.

'9th Mar,

16th Mar

21:' Mar.

"RUYS"

"STRAAT MALAKKA”

18th Feb,

"LO168EVAIN'

17th Mar.

23rd Feb.

3rd Apr.

JAPAN

"RUYS"

"STRAAT MALAKKA"

"TJIPONDOK"

BOISSEVAIN"

21st Feb.

1st Apr.

16th Feb. 19th Fob. 19th Mar,

Agents: HOLLAND-EAST ASIA LINE

D EUROPE via MANILA.

and MALAYA

"HEEMSKERK"

Through D/L issued

to

Mediterranean and Northern

European ports,

JAPAN

"HEEMSKERK"

ARRIVALS SAILINGS

25th Feb.

25th Feb,

BCKINGSŹBOJC,DING, TELEPHONESP20013, STO 2001755.

DE

CAGENT ĮVARA, CONNAUGSITE ROAD, CHIŠEITIN, THAT

LA RAMA LINES

5.5. "DONA AURORA” ·

M.S. "DONA NATI"

.duo 14th Mar,

.due 25th Mar,

Arriving via Manila from

U.S. ATLANTIC & PACIFIC COAST PORTS

BUTTERFIELD & SWIRE

Agents

1 Connaught Road, C.

Tel. 30331/8

U. S. ORIENT MERCHANT LINE.

ARRIVALS

FROM

SHIP

DUE

... "DINGWALL"

1. "ANDREAS"

NEW YORK.

GALVESTO1).

Abt. 20th Feb.

*27th Fab.

n

La "AGATHI”.

1.8. "NORLAGO"

EAST COAST/U.S.A.

GALVESTON

1st Mar,

14th Mar.

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

York Building

m.v.

AGENTS.

Tel. 34165

SWEDISH EAST ASIA CO.LTD.

"BOHEME"

LOADING 27th FEBRUARY

SAILING 1st. MARCH

For

ADEN, PORT SAID, GENOA, MARSEILLES, TANGIERS, CASABLANCA, ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG Passenger accommodation available

GILMAN & CO., LTD.

Tel, 31140.

'WEEKLY CHINA MAIL

CONTAINING ALL THE LOCAL NEWS OF THE WEEK FROM THE "CHINA-MAIL" & "SUNDAY HERALD"

Price 50 Cents ON SALE EVERY THURSDAY.

FINANCE

New York Stock Exchange

New York, February 18.

A demand for ratiroid"stocks

today.

AND COMMERCE

VILO

Chance for Pakistan Hong Kong

to solve problem of her rupee

rate

London, February 15.

uled the market out of the red Financial experts. here today saw in Pakistan's membership of the International Monetary

·Fund a chance to solve the problem of

the rupeo rate,

The recovery was far from de- cisive. Morning Josses were

|___why...______were__

trjinmod, though, and Hood many leaders nudged ahead for smalt net gains. Advancer out- weighed declher. Changes

mostly Transfers were 1,730,000. vere Sparks-Withington, Atias Tack, U.S. Rubber. Lower were Sirel, Bethlehem Steel, U.S. General Motors, American Smelt

ng. Daw Chenileal, Standard Oil of New Jersey.

Dow Jones closing averages:; Stocks 73.19; Industrials 201,93; Rails 54.80; Utilities 42.50.

Closing prices:

Adams Express 21% Alaska Junenu 3 American Can 1134

Smelting 547% Telephone 149% Tobacco 72 ha! Waterworks 9% Copper 291 Aviation Corp. 74 Baldwin Ltomotive 13 Barnsdall 50%

Anneonda Corun

Bendix Aviation 4912

Bethlehem Steel 325% Betien

Boeing Aircraft 201

Borden Co, 51%

Canadian Parine 1535

J. 1. Cure 4474

Chrysler f

Colgate 43%

Commercial Solvents 10%1⁄2 Com Products 71% Du Pont-64

Eastman Kolak 47%

General

Electric 449

Mctors 75

Goodrich 83

Guxdyear 4131

Honestake Mining 45% International Harvester. 28

Paper 30% Tel' & Tel 12% Johns Manville 40% Keaneesit Copper 534 Montgomery Ward

ard 50% National

Distillers 220% "Lead' 37%

New York Central 124

Packard Motors 4%

Pan American Airways 9

Pennsylvaniu NR 17 'Radiǝ

Radio Corp.15% Remington Rand 134 Republic Steel 252 Reynolds Tobaccis 30 Schenley 314

Sears Roebuck 41% Shell Oil 35% Socony Vacuum 10% Southern Pacife 52% Standard Brands 225

Oll of Calif. 82% Olt of N. J. 60%

Studebaker 29 Union Bag 2734

Carbide 427%

++

US Rubber. 44%-

"Steel 2944

Lines 174

"..

Westinghouse-31%- Youngstown Sheet & Tube Gen. Pub. Utilities 17

In

practice, the International Monetary Fund ac- cepted the then current rates of all its original member countries,

Under the Bretton Woods, Agreement. It was "for cachi country to tell the Fund 115) rate. Only after that could i Find query-n rale and then only on the iground that the proposed rate would Cous. undue use of the Fund's 're- sources.

But for new members, such as Pakistan, the Fund could use far more initiative. Under the new member clause of Bretton Woods Membership shall be open to the Governments of other countries at such times and in accordance with such terms as may be prescribed by the Fund,

Australia's

pineapple exports

Melbourne, February 15. Australia exported 91 per cent of its tinned pineapple production in 1940 to dollars and imported tinned pineapple from Singapore for home consumption.

earm

Most of the exported tinned pineapple went to Canada,

Australian housewives had a

It was presumed here that Pok- istan could not become an effée- tive member immediately, If only because the Pakistan Parliament would take a little line to appro- priate the money for subscriptions to both the Funct and the Interna-hard time buying tinned pine- tional Bank, and to appoint repre-

apple, and what they did get came freen Singapore. to these Organisations. sentatives

Informal views

A British banker today gave the following informal views of the Pakistan rupee in relation to Pa Istan's membership of the Inter- national Monetary Fund.

Pakistan had very good grounds for her refusal to devalue jast September but the decision in- volved many potential disadvan- tages which have since become real.

At its current rate the Pak- latan rupee le tao hình because slightly over- in itself it is

An even higher portion of 1950's production will be car- Rocent marked for dollar trade. devaluation of the pound sterling has given Australian producera that much extra margin in the competitive market abroad.

To replace part of this drain on local supplies, wholesale growers will continue importing tinned. pineapple from, Singapore.

But exchange duty, Innding and incidental charges make its retail cost almost double that of the Australian product-when útivi available.

Singapore imported pineapple retails at 2/9 a 20-ounce tin. The valued. This has been aggravat-20-ounce Queensland product" is ed because Sterling was do. valued too much.

1/52.

fhortages of other Australian fruits can be similarly explained There have been many un>Mein' by the quest of dollars.-Associa- suggestions in London for a posted Press.

sible compromise by India raising |

her rupee to may 21 pence

and

Pakistan lowering hers to that

figure,

NOTICE TO CONSIGNEES.

Consignees Per

m.s. "TARIFA”

But it would be quite Impossible, BARBER WILHELMSEN LINE for India to do this, Neither on the grounds of purchasing power parity nor balance of payments could, a higher Indian rupce rate be justified. It would impore far too severe a strain on India. When Sterling was devalued last Sep- tember the Indian rupee was dua for at least an equal devaluation.

For Pakistan's own sake, some modification in her rupee. is desi- rable: It is all the more so:inre«: 79||lation, to india since the existing difference is too wide, and much. more than on exchange rate is a stake, Ch

Higher in the Curb were Mesab Iron, Fairchild Engine on? Automatic Steel Products." Lower were Pantopee Oil and New Jersey ZineAssociated Press.

A reasonable compromise rate] for the Pakistan rupee might be 20 or 21 pence.-Reuter.

Port of London

Every facility

for handling Imports and exports in bulk and

general cargoes

In addition to serving the Worlf's graafsel conemmer market, the discharging, storags and loading Facilities of Meltain's premier port, sssure spoedy and efficient trabili jinéints to kël parts of the World..

**The Goberal Manager ty, Londen, E.C.J, England.

Port

Landon Aut

are hereby notified that the cargols being discharged 'Int the Hongkong & Kowloor Wharf & Godown Ca's godow where it will be at Comignee risk and subject to the Wharf

drms and conditions of storage and where delivery may b obtained.

Damaged packages are to be teft in the godowns for exam ination by Consignees and the Company's Surveyors, Messra Goddard & Douglas at 10:αïn on February 16, 1950. ***

To comply with the General Bonded Warehouse Regulations Consignees must have a Re- venue Officer "in""attendanc when damaged dutiable good

are examined.

3

No claims will be admlited after the goods have left the steamer's godown, and all goods remaining undelivered after. February 18, 1950, will be sub- Ject to rent

Stock Exchange

The volume of business report-

ed 'during the week was small with prices well maintained. Cements have registered' a rise of over 30 per cent following publi- cation of prolt earned for. JV49. The Markel alosen with enquiries Uit buyers are reluctant to nd- vance their offerstate

The following dividend an- nouncements for 1049 were male during the weeks-H.K. Lands $3.20 free of tax. Vibro Piling final dividend $1 and bonus-91- bath free of tax. Green Island Cement Co. $3 free-of tax and bonus issue of one New Shafe for every Old:

H. GOVT. LOANS 44 om 100n.' anh hoa {2194 và 1940, ĐƠN A Loan (then). 1904,

BANKH

H.K. H. Bank jempu

(Lan, R.X.D. £#. Chartered Bank $10 7/10. Mercantile Taph A. & 1, £***, Bank of Fant Axim 101n

INSURANCES Canton low. 3IONS IN TA Union for Alch, Gara đ Chin Underwriters En. MR. Fire Inez 2100, 1

SHIPPING DougInes 2505, ** 1.K.4 M. Strambate 115, Indo China · (Pref.) ¿vlin,

(De) 200

.

Shells (Benter) 61/05, Unlon Waterboats 260, Asia Nav. 0715.

DOCKS, WHARVES, GODOWNH, Ele. 1., & K Wharten 105hi. North Point Wharves 6.00h, Bhanghai Hongkew Wharves itn. B.K. Dock 18.203,' 10%), China Providents -11.886, 12an. Bhanghal Dockyarda 438, Dan, Wheelcks 280.

MINING

Ryub Mines BIKI B.K. Mars 2011ým,

•

..

༤ ས་ ་ ཎཱ' I,

LANDS, HOTELA & ALDGA. H. a. Tutela 13128, 1 I.K. Lande Un. Shanghal Land 1.70 Humphreys 1015. H.K. Reitles 25. Chinese Estalem 180n, -

PUBLIC ITILITIES HK Tramw»9% 17%u*, • *** Peak Trams (Old) 18m.

· (New) Vin Star Ferries 12%.

C. Light (ok) 11.806.

(New) E. Cb. H.K. Electries 30%. Morao' Electrics Fin. Baminken Llakis 1%n, Telephones 170, Bhanghal Gas 1n.

INDUSTINA LY Cald. Maer. (Ord.) »2th). Canton Town Cementa fb, 28/0 1.K. Rupe 15 mg

STORES, EIL. · Dairy Farm" 4\b'+ ** Wataona 4915#, dhan. 1., Catford 18 Binceres 38in.

China Emporium ion. Sun Co., Ltd- 29n. Krone Bars Hạng đồn. Wing On (M.K.) G2. -Wm. Powell, Ltd. „940,

MISCELLANEOUÐ China Entertainmiente 15b, H.K. Construellons (Olay, 1.401.

(New) 1.10. Vibro Pllings 145m. Maruman Investments Ofra..... Maramon (K.) .75m. 'Shanghai Loan 1.30.

Yangiazon 4421

COTTOND

Ewor 1.21b, 8.10km2: 1

SHIP MOVEMENTS

The ss. Flying clipper from New York via Suez at Lycmin Pass today, and after clearing Quaran tine and Immigration, will berth at Kowloon Wharf tomorrow.

She will be despatched for New York via ports and Panama on or about February 21 or as soon as

possible thereafter upon comple-

tion of cargo work.

|

→

NOTICE TO CONSIGNEES

5/8 "PELEUS"

1

Damaged cargo ex this ves- sel will be surveyed, at Holt's. All claims against the stea-Wharf between 10 a.m. and mer must be presented to the ioon on February 20 and 21 Undersigned on or before 1950, February 24, 1950, or they wil: not be recognised.

No fire insurance will be *ffected....

DODWELL & CO., LTD. Agenta,

́and' ́ ́ consignees^^ pre requested to have their repré-- sentatives present during the durvey..

BUTTERFIELD T& SWIREL Agenta

Hong Kong, February 12, 1950. Hong Kong, February 16, 1950.

STATES MARINE LINES

FAR EAST SERVICE

FROM.U.S.A. PORTS

S.S «F. J. LUCKENBACH?

Duo 18th February

Agents

GOURLIE & CO., (H.K.) LTD.

Union Building.

Telephones: 20321 — 21HI

The Global Flori

TO HONOLULU & SAN FRANCISCO

"President Cleveland” "President Wilson" "General Gordon"

yla JAPAN

r1

...Arr. Feb. 25:

Arič. Mar. 10 Arr. Mar. 17

SAN FRANCISCO & LOS

"President Taff” "President Madison"

via JAPAN

Balls Feb. 28 · Bails Mar. 17. Salls Mar. 18. ANGELES

«Arr, Feb. 20

Soil. Feb. 27

Art. Már. 10 Salla Mar.

ཋཱཎྷཱ་;-

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

"Marina Snapper" "President Jahnson"

Atr. Mar. 19.

Salls Mar. 20

Arr. Apr. 18. Sally Apr. 17

THE WORLD

ROUND THE

VIA MANILA, SINGAPORE, COLOMBO, KARACHII, SUEZ PORT SAID, ALEXANDELA, NAPLES, MARSEILLES,

**RGENOA, NEW YORK and BÓSTON

"President Polk" "Mount Davix"

..Arr. Feb. 20

Salla Feb. 22

.Arr. Mar, 5

Sails Mar. T

TO JAVA & STRAITS

"President Johnson"

St. George's Bldg.

Arr. Mar. 10

Salls Mar. 11 Tel. 28172/5:

BEN LINE

SHIP "DENALDER" "BENKHOR" "BENAVON" "BENALBANACH” "BENVENUE"

"BENVANNOCH" "BENLAWERB" *UBENLEDI'.

"BENNATOW

"BENALDER" "BENNATOW"

*""BENMHOR"

"DENVANNOCH"

"BENAVON? 1.k...

"BENVENUE"

"BENLAWERS”

FROM THE ARRIVALS

FROM

„U.K. via1ṣingapore.

SAILINGS

London,

OUB

IN PORT....

in Port

on or abt. 25th Feb.

Antwerp, Rotterdam, Hamburg

4* Hull.

Genda

Avonmouth,

London, Rotterdam,

Hamburg & Hull, ··

[Liverpool.", Gleegów..

Dubiny--Havren-and

*Antwerp.

rཛྙཱ།་

28th Fab.

#

18th Mar.

2015 Man

4th Apr.

7th Apr.

17th Apr.

Loading on or abt.

18th Feb:

21st Apr.

20th Feb,

·

24th Mar

20th Feb

20th

5th Apr.

$70

Via Malaya, Colombo, Adan, and Suez Canal. "Accepts Cargo for Keajung and Japan.

#Accept Cargo för Japándusin angka em'

† Accépta Cargo for Port” Budan,

Accepts Cargo for Hull,

Dan,

Parts Speyor Further Particulare, Apply To

·$- ·L--- -6...

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

York Building.

Telephone: 34185

THE EAST ASIATIC CO., LTD.

M.S. "MORELIA”

LOADING ABOUT 8th MARCH

for

ADEN, PORT SAID, GENOA, ANTWERE, BOTTERDAM, HAMBURG, OST

GOTHENBURG & COPENILAGEN Tanks available for the carriage of oil in bulk.

ply for.

THE EAST ASIATIC CO., LTD.

Queen's Bldg, and floor.

Tel. 34111 & 34112.

KLAVENESS LINE

"SAILINGS

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

M.S. "CASTLEVILLE”

28th Feb.

.30th Mar.

ARRIVALS FROM PACIFIC COAST

M.S: "CASTLEVILLEK M.S. "BOUGAINVILLE Sailing to Singgng

Penang

M.S. "CASTLEVILLE”,

Pawenger · Accommodation TO LOS ANGELES ONLY

Chinese Freight Agents,

HOO FOOK PING

21st Feb, my 493924th Mar.

Swettenham,

Batavia

23rd Feb. 2

Bulk Oil Tanks

Applys BANK LINE.

1