1950-02-24 — Page 12

Pago 12

THE CHINA-MAIL, FRIDAY, FEBRUARY-24,- 1950.

ARRIVALS SAILINGS

6th Mar. 10th Mar 201h Mar,

9th Mar, 21st Mar..

28th Mar

SINGAPORE,

PORTS and MACASSAR

"TJKFJALENGKA” "VAN. HEUTOZ**

"TJISADANE"

.. Only

to. Singapore,

Penang Belawan Dell

MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

“DERLAZE" "BOIBBEVAIN”

JAPAN

"TJIPONDOK"

17th Mar,

"DOISSEVAIN"

11th Mar.

13th Mar. 3rd Apc

5th Mar.

1 Apr.

19th Mar.

Agents: HOLLAND-EAST ASIA LINE`

EUROPE via MANILA

and MALAYA

HEEMSKERK"

"HOOGKERK”

Through

ARRIVALS SAILINGS

8th Mar,

27th Feb carly, Apr

Lauad to

Mediterranean and Northern

European porta

JAPAN

"HEEMSKERK"

"HOOGKERK"

28th Feb,

carly Apr.

15th Mar

KINGS- REEDING

PLFERGONEŃ 20ch (10 288017

U.S. ORIENT MERCHANT LINE.

ARRIVALS

FROM

SHIP.

DUB

* "DINGWALL"

NEW YORK.

In Port

LE "AGATHIT

EAST COAST/USA

Abt.

26th-

Feb.

14. "ANDREA8"

GALVESTONI.

27th Feb.

"NORLAGO"

·GALVESTON.

14th Mari

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

York Buliding

AGENTS.

Tel. 34105

OCEAN AGENCIES, LTD.

U.S.A. West Coast/North China Direct. Sarvica

First Ship on above, service, leaving, Los Angeles, San Francisco, etc. end February,

and

Calling direct at Tsingtao, Tientsin, etc.

For Freight Space and after, particular please apply to THE HONG KONG EASTERN SHIPPING.CO., LTD.

Boom 28, French Bank Building, 2nd Floor, Telephones: 32300 & 38061

MESSAGERIES MARITIMES

M. V. “LA-MARSEILLAISE!!

will Bail for

Manilo, Saiger

Singapor Colombo, Djibouti and

Port Sald

Friday 24th. Februa

Füssengers * are requested to board the uegnol

Fabrdury “between 3 ytra, add 5 pm

Bazgige-rom, and hold

rpglstered In indong Doud

MES

FINANCE

AND COMMERCE

STAGNATION THREAT

TO U.S.

H.K. Stock Exchange

A shade more business WAS dolog, yesterday but rates were unstable. The following Dividends

INDUSTRIES

Pittsburgh, February 22.

The nation approached economic stagnation today as coal stocks dipped and emergencies were reported in soven Stakos“

Unemployment, as a direct result of the strike of 372,000.soft coal miners, reached, the 60,000 mark and may double in a few days.

Ford Motor Company will cut↑ production sharply on Friday

for 1949 have been announced: because of the coal shortage MALAYA TURNS

H.K. Electrics Final $1.70 free of tax, H.K. Ropes Dividend $1 and Bonus. $t both. free," of tax.

JL.K. GOYT, LOANS

41 Loan 08b, M.

2 Lean (1934, 1943)} 78b. 36% Loan (1948). 90%, 98

BANKS

ink & 8. Dană X;D, 14470,

(Lan, Hest.) Hon. Chartered Bank; 410.8/1. Mercantile Bunk A. & I, £2*1. Bank of East Asle 100.

INSURANCES

Camion n. 310n.

Union Ins, 015n.

China Underwriters On,

R.K. Prix. 210,

HEIPPING

Ikusgimme 200n.

15. K. & M. Steamboula iin, Todo think (l'eek) #planu

(Def) Loon. Abella (Bentwr); «G/754.0, Ualon Waterbunis 26, Axin Nav, kb, „DZ. DOCKS," WHARVES, GODOWNH, Ete.

K. K. Wharves 109. North Paint Wharves Song Bhanghai Hongkew Wharera 10. H.. Docka 18.40%, 15, 194k. China, Providente: 11,80m 12m Baxhui. Desieraras 5.40g C, Albom. Wheelocke 27), 27lām.

MININES

Raub Mines 53, ILK. Mines 0314m.

LANDE. HOTELS & BLDCB. 1. B. Hotel 11.10. 1.K. Landa 49b, to*, 49}j«m, Bhanghal Land 1.850, 21, 1.05. Thimphreys 11am. ILK, Realtica Zn. Chinese Estates 130n.

PUBLIC UTILITIES 1.K. Tramways, 153asa. Peak Trams (Old) 28m.

(New) 04.

Star Ferries 01456, 221230. C. L.tabas

(Ola) 11,606, 126, 12/11.40/.90%.

1. Elestvica 201⁄2b, 21/201źva. '

Bandakan Lights Shin.

Telephones 103

San Jual Gen

INDUSTRIALS

Cald. Maer. (Ord) 2in, Casian Teen 31⁄2n.

Cements 261⁄4b, 230, 2015, 1.K. Ropes. 15.

STORKS, BIL

Dairy Farm 4, Walanda 18lib, 40129, 10am,

1. Crawford 200. Sinceres 3.801..

China Emporiuma, 10b,

Ban Co. Ledežión. Kwong Bang..Hanc XD, 05

Wing On (LK.) GIN

Wm. Powell. Led. ats

MISCELLANEDUS

Chloe Entertainments. 18:2OH, H.K. Constructions (Old): 1AOD,

** (Nor); 1:30ne.

Vibro, Pilingir Pdijn. · Mistematis Trošakkodézika, 0/+D Maraman (H.K.) (780, Shanghal Loan 1200 Yangtoses_4uk,

COTTONS.

Ewon 3:80b, Ana

RUBBER, de. COMPANIES. Alma ataing 15. Anglo-Dutch on.

Anglo-duvar. In.

Batu Anama (zon Bute Plantatiores 1900. Chemor United 20. Cheng Bulbet 100.

Comelidated

usabars in.. Dominion Rubbers..

Langkate in. Repel Rubber: 1141. Nubber Trusta. Žr. ·

Bamagaga Rubbers 695,

6p.

Bemamku Rubber Shanghal Kedaha 26.

Shanghai-Malayų, 128, . Kinnahul haak *„In. Shanghai Bumatras „CO.. Sunzel. Dużla 10n.. Tinh Hoanh. D Tebang Rubbern. Jen. Zarabe: abbies 21.

HOTICE: TO.COMSIGNEES!

ISBRANDTSEN LINES 8.5. "FLYING INDEPENDENT" Cargo damaged: by::fire and water ex this vessel will be surveyed by Messrs. Anderson & Asha at Hongkong & Kow- | loon Whare & Godown; Co., 10 and Standard Vacuum.Co. Open, Yard, Laichikos, at, 10.09 B. on Monday, February, 27. 1950.1

and Packard will close com- pletely on March đ

TO COFFEE

Blueprint for Japan investment

Tokyo, February, 23. Japan has drawn up a blue- print for foreign investments. giving priority to imports of foreign patents and technical knowledge.

The document, which is intend- to prospective ed as

a-gulde foreign investors, will be tabled fourth largest The country's

before a joint Japanese-American committee by the Trude Ministry steel producer, Jones and Laugh lin Steel Corporation,

and Economie Stabilisation Boardi Singapore, February 22, banking its furrtaces

Malayan merchants. who according to the economic news-

paper "Koizal: Shimbun" today. burgh and Allqulupn, Pennsyl stockpiled Brazilian coffee reap, P

The plan is to rentrlet Imports vania, and will put 23,000 steeled a 100 per cent profit when of machinery and commodities in workers on furlough before the crop failures hit the South general in favour of techintent

weak ends.

alaried

in Pitis-

American, republic..

Maloyer became a coffee *x+

New York, Massachusetts, Vir- Rinlo, Pennsylvani Minnesota, Ohio and flinois are desperately porter overnight and is. trying to short of coal and rationing brawn-outs

ordered were muny places.

AMERICAN

PRESIDENT

LINES

The Global Fler.

TO HONOLULU & SAN FRANCISCO

via JAPAN.

"President Cleveland”

"President Wilson"

"General" Gordan”

Art, Feb. 25

Art, Mar 16 -

Saifs Fab., za Salla Mar, 17

Arr. Mar. 18

Sails. Mar. 19

TO SAN FRANCISCO & LOS ANGELESUKAA

"President Taft".

via JAPAN.

¡Arr.)Feb. 20

Salls Feb. 27 Salta, Mar.

7:

President Madison" ........... Art. Mar." 6

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

Arr. Mar. 13.

Salls. Mar, 20 Arr. Apr. 10 Salls. Apr. 17 ROUND THE WORLD

"Marine Snapper" "President Johnson"

1.་་་་་

VIA, MANILA, SINGAPORE, COLOMBO, "KARACHII, SUEZ" PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BÖSTON,

"Mount Davis" "Mount Mansfield"

Arr. Mar. G Arr. Már. 19

Sails Mar...7 Sails Mar.

21.

པ

TO JAVA & STRAITS

OF

"President Johnson"

Air, Mar. 10

St. George's Bldg.

knowledge.

Emphosts will be placed on im- and stay so. To fill domand" in ports and Investments within this in f sterling area countries, Malayan category which will contribute ta

increasing efBeleney and Singapore businessmen have the chairman received Government permission Japanese Industry and promoting

to import

$10,000,000 worth of Japanese exports. to Brazilian, coffee.

In. Washington, tha of the House Labour Commilles, John Lesinkal, promised to give Immediate consideration to a, bill

granting President Truman power

The following principles aro Tha

cargoes are being shipped reported to have been laid down loss, The largest consignment age as much as possible foreign here by the Royal Interoccan in the programmer. (1) Discour to arrive a2 far, has been: 2,025 investment in the form of ima- tons.

chinery and raw materials in re turn for shares, and controlling voice do managements: (2), diam. courage sales of shures to foreign investors in return for dollar and

to maize, the soft coal mines.

John L. Lewis, and the opera tors continued. to meet ot the conference table In fruitless, cön "Coffee merchants do not want tract negotiations. The Federal to import any more. East African Mediation Director, Cyrus Ching, cofite as the price is too high, and the chairman of President says Ong Wal Stell, Singapore's

fact-auding board, "Coffer

King

Truman's

David Cole, ent in as observeri Malnyat purchases are made being

until tomorrow none

of

the

be

Indus

sterling exchange, tha that the required but failed to report

to report anything sterling paid through London

currency be raiser British exports to Brazil far, cx+ible; (3) top. PritzRY WH aven slightly encouraging

flotation of. bonds, when- When they adjourned

their coed her imports, making this we given to investments in heavy talisa in the sta afterhoon possibles

Industries and chemical Madhyan coffee, traders are now parties would talk about theating British Government. per- tries with every encouragement

mission to export,to dalinzi amas

being given to investment This is at present prohibited foreign industrial techniques in without special penission--A basic industries. machinery, man- ufactures, shipbuilding, chemical sociated Press.

manufactures.and synthetic fibres,

Router.

negotiations.

A trickle. The flow of coal dropped to a trickle when 10,000 miners of the Progressive, Mine. Workers Union in lilinois foined the nationwide strike of United Mine. Workers at Mine pickats sprend midnight through the soft coal fields, pre- ssing: for a completa shutdown of industry.

One mine at New Bethlehem; Pennsylvania, was dynamitedl· Damage was minor and was due to faultlly-placed dynamite, tho

Bald. police

of

The Governor of Virginis, John Battle, declured a state emergency under the now Stato Act giving him power to seize

coní privately-owned Emergency powers were granted

miner.

Money Market

US dollars opened yesterday at 1466.508; cimbed one point, and closed at S001;

HK AGREED

TT dropped to HK$6.536 after MERCHANT RATES

opening at $0.541,

Sterling was higher at HK$-f.

-15.17.

"Australian pounds opened at HK$13.50. and closed, at $13.45,

Plastres remained nominal at HK$12.65 a. 100.

Ticals at $28.50 a 100 werd unchanged.

to the Governor of New York, NEL Guilders were stationary,

legisin-at HK$24.30 n. 100. Thomas Dewey, by the turc. The Governor was given. authority to seize private coul supplies and impose price. COT-

trols.

U. S. MISSION, IN SE ASIA

Bingapore, February 22.

·Maximum Beding Sterling:

1/2: 18/16-

Minimum Baying

1/320/32 TT. 1/2 15/16. G.D.. 1/2.3282.30 days,

1/8 1/02 - Anys. Sterling (E., B. Africa) 2-

1/21/18

Sails Mar. 11

Tel. 28172/5.

BEN LINE

SHIP "BENMHOR"

BAR ZAST

ARRIVALS

FROM

U.K. vin Singapore.

"BENAVON""

"BENALBANACH" "BENVENUE"

"BENVANNOCH"

"BENLAWERB"

*"DENLADI"

"BENNATOW" "BENNEVIS”

"BENCRUACHAN"

..

"DENNATOW" "RENVENUE"

"BENMHOR” "BENVANNOCH" "BENNEVIS". 1"BENAVON.

1

BUR IN PORT 25th Fab.

on or abt. 28th Feb,

14th Mar. 24th Mar. U

2nd Apr.

7th Apr. 17th Apr. 20th Apr.

36th Apr

SAILINGS

Loading on oraht.

London Antwerp, Rotterdam, Hamburg-

21st Apr.

& Hult.

Geno

Avonmouth,

London,·Rotterdam, Hamburg & Hull,

18th Mar

Loading Buoy A-9. 24th-Mar.

28th Apr.

Liverpool, Glasgow,

28th Feb,

Dublin, Havre

and

6th Apr.

Antwerp.

3rd: May

Malnya, Columbo. Adan, and Bues, Canal»

1/3 0.D, if under

L/Credit.. 1/J.1/10. Q.D. without

L/Credisi 1/32nd up every

30day.

:("BENLAWERS”

BENGRUACHAN

Biellag, (W Africa &. K Indies) ›

4/2 13/18 1/8 8/10 0,D. if. under

L/Credit. 1/10.D, wilhont

D/Credit:

*Accepta. Carpe for Keelung, and Japan,

1/32nd up every

The disastrous coal situation Art Cleveland) was pointed un where Mayor Thomas Burke or- dered emergency rationing of fuel to coal-starved- house- A. U.S; Government: mission is) holders. Many industries and touring South East Asia to assess more than 50,000 private homes the region's food position and its are without power in Cleveland capacity to filf Japan's needs. today-as-a-result of the power Stanley Andmus, leader of the Supeve (india); plant service falling due to low-mission, said: "When the occupar- grade coal.

tion ceases, Japan will automa-

82.1/4

in Washington, pro-Labour tically come into the markets of Congressman,

Representative South East Asia. Itis-the-purpose Cleveland Batley, pinns to intra- of this mission to try to estimate duca legislation empowering the what effects their needs are like Ryomás (kodem)a President to seize! mines;

The White House hax said meanwhile, that no Presidentinlį action. is la prospect today United Press,

NEW JUTE MILLS

FOR PAKISTAN

ly to have on the area."-A330- ciated Press.

50 den..

~BIT/T.C 83 1/2 O.D. 83·0/52 30 days.

83 374. Go days,

83 7/8 90 day

7/8 0131 under

L/Credit

84 O.D. without L/Gredit?"||

LONDON STOCKS X)

London, February, 224

The stock. «mchatten: provided); few clues to invester, guenses on the

Govern

176

· 89-7/16‹ T.T.

• 82-11/16 QD,

95 13/10 7 & 10 days.

# 18/10`n days. 041/16 30 days,

(Pakistan) 1

152/8/8

election outcome. Dollar | Rupees stocks, which many have been), ox Buying lately as a hedge against *Karachi, Tebruary (22.

return of the Labour Five 1,000-loom fute mills ment to power, were weaker, and a paper factory with an Generali i Motors cloned; n point: Melarar annual output of 30,000 tons down at; 152; and US Steel: wom PI in a few months time,

will begin production in Pakis off half a point at: 60% Wool- worth, However, rose a full point Khwaja Nazimuddin, Governor regarded as the best election bar

to 101.

Three domestle Janes US Dollars General of Pakistan, told the rometers wero-inchanged, Associated Chambers of Coin-are Bearl and Prudential Insur

ance company stock.and'· Tatb Canada The Governor-General welcom and Lylo. Sugar shores. All have the vialt of a British trade been active because the Labour and.. Industrial" mission, due in Party has promised, to put, sugar Australies Karachi on Sunday. He looked refining, under: State: ownership forward- to active; and, fruitful and tow paitzakise sourian belizele "of cooperation leading to useful injurance.

S contacts and real development for Financial Times Index: 1034 fresh investment," he said.

Associated Pres

merce

He assured, tha. Association, which closely interestedki. Iri Consignees representatives trade with Britain, that Pakistan

to be present is considering, Braatenliberal; Im are requested

with, all necessary documents port

The Government, iş. aiko A. P. PATTISON. &Famining both direct and indirecti taxation proposals and is con- COMPANY, N General Agents.

sidering a renamed currency, he Bald-Assdelated:Press.

DE LA RAMA LINES

"DONA, AURO

MSDONA

US

Man

Manila from PACIFIC COAST PORTS.

BUTTERI

LD & SWIRE

These

57-11/16 T.T

G2 3/4 O.D

BT 7/9 30 2 60 days,,

sa 1/8 TT: a on 53:1/4-80) days.

13/7/10 TT # QD, 17:1/2 30.dazu.' 17/9/10, 40:90:dayai

918 13/1919 8/16 T.T. & O.D.,

1/0:1/10 1/4 3/4. TIT.

1/8.13/1430.X

New Zealands.

1/2 13/14 1/8.1/18-T.T.

1/31/ O.D.

HOLLAND EAST ASIA LINE

M.S. "HEEMSKERK**

LOADING 25th FEBRUARY,

MANIL PORT SA ANTWERP" BOT

PENILAG

ROYAL 1

FORE, COLOMBO, ADEN, SUEZ,

INDRIAZ GENOA, MARSEILLES,

KEL AMSTERDAM, HAMBURG,

QURCH" and:OSKO:

FINES

t'Atsiple, Cergă,,for, Japan.

Acephe Cargo, fan, Pürt, Sudani.

-Accepte Cargo for Hull.

(Accepts Cardo for Rotterdam

For Further Particulars, Apply. To-

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

York Building,

Agents

Teleplione: 34265.

THE EAST ASIATIC CO., LTD.

M.S.MORELIA"

LOADING ABOUT 8th MARCH,

for

ADEN, PORT SAID, GENOA,

ANTWEBF, RÓTTERDAM, HAMBURG, OSLO

GOTHENBURG & COPENHAGEN Tanks-available, for the carriage of olf, la balk

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

Tel. 34111 & 34112.

KLAVENESS LINE

Direct(to: Los Angeles, in 16 days: Thonse

Francisco Vancom

M.S. "FRANCISVILLE”

M.S."CASTLEVILLE”

Scottle &

ARRIVALS FROM PACIFIC

M.S. “BOUGAINVILLI M.S. "SUNNYVILLES

to

Mar.