1950-03-04 — Page 12

THE CHINA MAIL, SATURDAY, MARCH

1050

ROYAI

INTROCLAN LINUS

TJITJALENGKA"

SINGAPORE, JAVA

PORTS and

MACASSAR

"VAN HEUTEZ"-

"TJIBADANE”.

_Only_to_Bingapore......

Penang Belawan Dall

■ MANILA, EÄST & SOUTH AFRICA &. SOUTH AMERICA

"B01BBEVAIN”

"STRAAT BOENDA"

JAPAN

"TJIPONDOK"

"BERLAGE"

"BO188EVAIN"

"STRAAT BOENDA"

ARRIVALS SAILINGS

6th Mar.

10th Mar.

20th M. r.

17th Mar.

18th Apr.

0th Mar. 10th Mar. 26th Mar,

Brd, Apr. 4th May

6th Mar.

14th Mar.

16th Mar,

1st Apr.

19th Mar,

17th Apr.

2nd May

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA

and MALAYA

ARRIVALS SAILINGS

8th Mar, darly April

early Apr. early May

lasued to

Mediterranean and Northern

"HODGKERK"

"MEERKERK"

Through BB/L

European ports.

JAPAN

"HOOGKERK"

"MEERKERK”

early Apr.

early May

16th - Mar. early April

KINGS, RULING, ILULPHONES: 28015. (TO) AROGA

ABİNLEÜ. AGENTS #LUCONNAUGHT ROAD, G, FISH4196 230,31

DE LA RAMA

Sailing via Japan parts to

LINES

U.S. PACIFIC & ATLANTIC COAST PORTS

M.Y. "AJAX"

Arriving via Manila from

19th Mar..

U.S. ATLANTIC & PACIFIC COAST PORTS

S.S. "DONA AURORA”

M.S. "DONA NATI”

.due 16th Mar.

.duo 26th Mar.

BUTTERFIELD & SWIRE

Agents

1. Connaught Road, C.

Tel. 30331/8

U.S. ORIENT MERCHANT LINE.

SHIP

4. "ANDREA8"

"NORLAQO"

ARRIVALS

FROM

GALVESTON,

GALVESTON,

QUE

J

In Port

Abt.

14th Mar.

26th Mar,

>

9th Apr.

... “ANNITBA" * EAST COAST/USA.

EL "VASSILIS“

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

York Building

AGENTS.

Tel. 34105

AMERICAN PIONEER LINE

to and from Atlantic Coast 'Ports of the United States and Far Eastern Ports FAST CARGO SHIPS „ARRIVALS FROM ATLANTIC

Mar. 13

"PIONEER LAKE

"PIONEER WAVE".

PIONEER SEA-

PROLA SAILING TO MANILA "PIONEER LAKE". (vla, Keelung, Fasan) Mar. 19, "PIONEER WAVE" (via Futan)

Mur,

PIONEER SEA (via Keelung, Yokohama) Apr.

SAILINGS TO NEW YORK, HUSTON; BALTIMORE, FHILADELPHIA: NIST

JAPAN & PANAMA CANAL

AMEBICAN REPORTER' Arr. Mar. 29. Sulls Mar. 30

Apr. Apr, 20

1.Informes

UNITE

Apr 10 Apr 22

LINES

2Tel: 281963

FINANCE AND

Hong Kong Stock Exchange

The past week has been dis- appointing. Companies continue to declaro-good-dividends, but the markot takes little effective notice, and the business passing has been amali and" rates barely maintained.

Are

Government Loans are avall, able at a discount, which possibi points to money belag tight. This mby be affecting the market as political conditions, outwardly, are the same as they have been for some time.

1.K. GOVT. LOANS

4% on 985....

Van (1034. 1949). Dib.

3 Loan (1968) #An,

DANKS

H.K. B. Bank X.D. 15491, 1480s.

(Lopt. Ren)ERAT

Chartered Bank £10 1/10n. Mercantile Bank A. A D. £270- Bank of Eus Aale 101,

INRURANCES Canton Ine, 31. Union Ins. 015, 625. China Underweitern St. *LK. Fi vina, (X350.

—————-NHIPPING

100. A

Drugi

2.K. M. Wiesmbonts ;3 Tudo Chinna (Pref.) 189,

.(Def.) Lids.

the1 (Beater) 49/1. Unies Waterbonia 2n,

Asla Nav, 24.

DOCKS, WHÅRVES, HODOWNS, Kte.

H.K, & K. Whartes 1986.

$

North Paint Wharves S.

hanubai Ronakaw Wharves 100.

H.K. Ducka 180%, -18.Men.

Chien Providente 12.

Shaoghal Dockyarde. 53% na

Wheelocke 27b..

MINING

Raub Mines Blin.

H.K. Mins 01.

LANDS, HOTELÄ & BLOGS.

H. 9. Hotels X.D. $%n.

H.K. Landa 4847

-Bhanghai -Lands 1.930. Humphreys X.D. 100, B.K. Reales An

Chinese Estates „120=,

PUBLIC FILITIES

H.K. Tramways 14.8th, 141ixa. Park Trame (0) 19n.'

(New) n

Star Ferries X.D. MED.

C. Lights (Old) [1.80», 11.30/20#.

(New) 5.10b. 1,20%.

HK. Eletrics X.D. Lis Macno Electries 201. Bandakan Lights Vien. Telephones 175. Shanghai Gas 15in.

INDUSTRIALS Cald, Murg. (Ord.) 24. Canton Ices 3. Cements X.D., C.R, 2. I.K. Ropes 1640.

STONES, Etc.

Dairy Farma 41a. Watsons 436, 40%*, 48YRÐ, 1.. Crawfords 2012, 2012. Bineers 1.800.

China Emporium 106.

Hun Co., Ltd.

GS.

Kwong Bang Many vib.

Wlog.On (H.K.) (

Wo, Powell, Kut, Dian..

MISCELLANEOUS

Chitis Entertainments 17b, 179%0. 3.K. Constructions (Old) 2.4.

(New) 1.300.

Vibro Flings, 159, 1 --Marəman - Invcelusonia_9/.o..

Maruman (11.X.) Jon. Shanghai Loan 1.800. Yangtases 40.

*COTIONS

Ewos -2.95b...43

Money Market

COMMERCE

PROFITS AND

SHARES

BONUS

London, March 3. Commenting ›apon the “døärth of risk cöpital” :in the United States, tho, National City Bank of New York paints out that taxation is so heavy that it drains off the margin of inçamos which -their-owners-formerly used to save and invest, this is true of the American investor, it is doubly

true of us in England today.

Our grandfathers regarded thrift as one of the cardinal virtues.

Each year they saved a sub- stantial part of their income, and tho frulls of their investments our not only provided us with

but great industries of today

In two wars. Our nie plight is very different. After we have paid our taxes and diet our current living openres, so

15

CONTROL OF SILVER PRICES

Washington, March 2, Senator McCarran, Nevada Democrat, said today that the control of liver prices probably lies in the New York market.

far from being able to Save More silver is sold through

nome of us have to realise our the New York market than any capital in order to give our chilmarket in the world", he said.

an A resolution to authorise dren the same start in life as bur

liver trade prac- of investigation fathers gave us.

Nor is there today. the same tices is pending before the Senáto temptation to risk our savings in Judiciary Committee of which new ventures, If they fall, the loss Senator McCarron is Choirmun. is ours. If they succeed, Government first levies

'Tho Government price for newly mined domestic silver is 10.5 cents.

THE "He said that 90,000,000-ourees profits of the metal were sold through tax. It proceeds to levy income the New York market last year tax on what is left, and even then for industrial use and that the we are liable to surtax, if our price has been suspiciously stable gross income is above a certain for several months at 73-12 cents margin, Why then save and in- an ounce. vest, even

we are able to do. so? That is

one of the reasons why the moment taxation rises

Referring to this gap, Mr. Mc- Fabove a certain height becomes

ato Carran asked: "Is it (the price) canker in the life of the nation-forced down and held there lay In these days of class warfare

monopolistic combinations?" and prejudiced thinking we are Senator McCarrah said paying dearly for a certain loose world price of alver was fixed

past. ness of expression in the

until a

'bigo 'by Your

·Yow yours that much

muca hrokers in London. The Bombay Dbused word

As every market, he said, is at present

of import restric

And the

Take, for example profits isolated because e

accountant "kniwa,

have to provide for many neces-tons on the metal, sitles. Depreciation, obsolescence, Shanghai market

has

Associated Pres.

tha

is cut off by

and renovation of plant, all have Chinese Communist conquest-

be paid for out of trading pro- 614. The parallel is the house owner, who to devote a por- tion of his income to the decorn- tion and repair of his house, and the renewal and upkeep of his lines and fumiture.

MALAYA GOC'S FAREWELL

Singapore, March 2. Major-General Sir

Charles

Commanding. the Malaya district, wished his troops good hunting and straight shoot- ing in a farewell order before. leaving, for Britain next week.

individual con let his house Houcher, An and furniture go to rack and ruin, and is still able to do his work. A business cannot On the introry,. It must do more than make good the ravages of time. It must keep on growing and bringing itself up to date, if it is to do any good at all. All this must come out of profits.

Even today ixable profits do not take full

necessary

"Your magnificent achlove, ments in the jungle and out of it are not sufficiently realised out- side Malays," he said.

Ninjor-General Robert *Up- uhart, who is taking over the Major-General

account of these from

charges, and the result Bouchet, arrived at Kuala Lum

is that beyond a certain point a pur today.

it

business has to onim over two Major General Boucher, who is shillings for every shilling which returning to Britain for health has commanded the spends on its upkeep. But my reasons, main point is this. It is a thou- Malayan district since June, 1949. sand pities that we have come to Reuter. speak of "trading profits." Instend we should speak of a trading surplus," and use the word "pro-

fits to meth, "distributable pro fu" after all essential charges i have been met.

Bonus fallacy

and extension. The money so ap- plied remains the property of i

the direct and what shareholders,

CITIZENSHIP OF INDIANS ABROAD

London, March 7,

New York Stock Exchange

New York, March 2. The stock tharket clung to a Stendy couts while the effects bl The coal strike grow worse by the almost evenly matched, hour. Gains and losses were

Changes were mostly limited to minor fractions. Transfers 1,940,- 000. Four. liundred and twelve stocks advanced and 409 declined. New highs were recorded by 50 stocks while only one touched u how low.

Among gainore were Granite City Steel, Eastern Stainless Company, Gull, Steel, Bund Mobile and Ohio; Pepsicola.

Laggards. Included Baltimore

and Ohio, Greyhound, Santa Fe.

Dow Jones averages: Stocks 73.91; 20 Industrials 203.54; 15 Rails 55.74; 10 Utilities 42.82.

Closing quotations: Adama Express 21% „Alaske“Union A Américan Can 111%

Smiciting 544 Telephone 100% Tobacco 74% Waterworks 0%, Annconda Copper 30% Aviation Corp. 0% Baldwin Locomotive 12% Barnsdall-50

Bendix Aviation 42% Bethlehem Steel 34 Boeing Aircraft 284 Borden Co. 51% Canadian

Pacific 15% Case-443

4534

Commercial Solvent 16% Corn Products 00%

Du Pont 92%

Eastman Kodak 47

General Electric 40% Motore 75%

Goodrich (84

Goodyear 40%

Homestake Mining 45% International Harvester 27%

Paper 3844

Tel 113% Johns Manville 46% Kennecolt Copper 83%. Montgomery Ward 50% National Didullers 224

Lead 38%

New York Central 13% Packard Motors.3% Pan American Airways 10% Pennsylvania RR 17 Radio Corp. 14% Real Silk 114

Steel 20% Tobacco 38 Schenley 31% Sears Roebuck 434 Shell Oil 85% Socony Vacuum 18% Southern Pacific 324 Standard Brands 2234

Oll of Caliz, 02%

¡of N.J.:67%

Studebaker 28

Union 20%

Bog

"

*Oärbide 43% US Rubber

The High Commissioner for Judja, Mr. V K. Krishna Mohon, Another unfortunate expression said in London tonight that the

Westinghoure

83% is bonus shares. As I have just time is coming boda When Indiana

Youngstown Sheet & Tube 79 pointed out, if a business ho vínab beid been vinit abroad for

Gen, Pub: Utilities 17% thrive,:lt:mutation

och many years will have to know

Where their citizenship lies. Rail Bonds improved. Among |Year's earnings to

Speaking at the rintal diaber curb gainers Were Kirby Petro of the Indian Social Club, he was letim, Louisiana Land, Cities Ser- coinhenting on the fact that the viee, Kaiser Frazer-Associated at HKTota have really dohé ́ ́is to 76/3Bumber of Indinu living in Great Press.

Britain is unknown. At present, LAVES the busbiess W. Machda added," the law of :Sterling opened at HK$15/10 antho

behalf. And andia makes ditenkip rights Australian pounds opened or as that money reinvested, and easy rather than difficult for HK$13.25. and closed at $13.30,, so do annual distributable

as in consequence the business those living overseas.———Reuter. Fiastres opened at HK$13.60 TE, SO 100, and closed at $13.85.

US dollars opened and closed yesterday at HK$6.48, with drop in the interval to $8.474.

TT was stationary 0.51%2.

and closed at $15.20.

Ticals were unchanged at HKS 28.50 a 100.

NEI Guilders dropped to as 24.00 a 100, after opening at $28.

18

of the

profits and

and dividend increase

I.

anyone thinks that improper,

let him reflect on one simple fact

back to the

U.S. DEFICIT

Washington, March 2. The U.S. Gavernment passeca"

I that money had been handed the two-thirds mark of the scal

shareholders, they would have been entitled to in-year 1850 with a decit off

operations since veat it elsewhere and to obtain 780,495,000 In dividends on that now invest-last July 1.

LONDON STOCKS ment. Why then should they be President Harry Trumah has

Londen, March 2

¡nces?

NY RUBBER

Zorecast that the deficit will rise to $5,583,000,000 by June 30 Asociated Press,

deprived of new dividends, if that Prices moved in-a-nurrow-fan-money is reinvested in the bus ge during a listless passion of the London Stock Exchange today.

SHIP MOVEMENT. British Government. Bóndi

Ban Fratéliçó, Mórch 2. dropped one quarter to three

New York,, March 2,

Skip Hopartire on March 1, cigths of a pound per hond of £100.

FRvcride rubber

Tor Bombay-Asso humber one Stylehurst Slight guiris predominate i jin futures closed unchanged to Eve Clated Press the industrial shares, list.higher, Bales 37 contracts.

Rome, Murch 2 Cash tin Was" "five Shillings

M10,15 bid. higher at £599:16 bid, and 2000

10.83-67. An earth tramer (caused pante Rebtember

18.73. but no damage today adam asked. Ninety Bay Futures-rose 17/0d. to £388, bid, and 588: Epot number and ribbed, smok-loelola, a village rear Naples. The asked. The total turnover was 70 edaucets $16.5/4 nominal ao trižnor lasted several seconds tans,Associated Prense

Fikfod Pres

gjasodated, Fressent

May

Pacific Far East Live Ine.

HAN

NOTICE TO CONSIGNEES Comignées per STATES› STEAMSHIP”

COMPANY

1.5. "OBEGON” are hereby notified that their cargo is being discharged into the Hong Kong Kowloon Wharf & Godown Co's' godown where it will be at consignops risk and subject to the Whart's forins and conditions of storage. Where alivery may be obtained.

Damaged packages are to po left in the godowns for amination by Consignees and theCompany ke sirverora, Messrs. Carmichael Clarke at 10 am on March 6, 1860.

To comply with the General Bonded Warehouse Regulations, consignees must have Re venue Officer in attendance when dahinged dullable' goods are examined.

• Nodalms will be admitted after the goods have left the steamer's godowns, and all goods remalding unde after March 01980 will subject to rent

PRESIDENT

TO HONOLULU & SAN FRANCISCO

"President Wilson"

"General Gordon" "Proildent Cleveland"

JAPAN

„Air." Mar. 10 Art. Mar. 18 ......Att. Apr. ́ 14

Salls.Mar. Salls Mat. Salla Apt. 15

TO SAN FRANCISCO & LOS ANGELES

via JAPAN

"President Madison" "President Plerco"

TO NEW YORK, Via PACIFIC

"Marine Snapper" "President Johnson"

Arr. Mar. 7 ...Atr. Mar. 11

Sails Mar.

Sails Mar.12. BALTIMORE & BOSTON COAST & PANAMA

Art. Mar. 19 Salls Mar. 20 Art, Apr. 15 Sails Apr. 16

ROUND THE WORLD

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

"Mount Davis" "Mount Martsfield"

Art. Mar.

Salls Mar.. 7

Arr. Mar. 20

Salls Mar. 21

TO JAVA & STRAITS

"President Johnson”

St. George's Bldg.

...Arr. Mar. 14

Sails Mar. 15 TL_28172/5.

BEN LINE

SHIP "DENAVON"

"BENALBANACH"

"BENVENUE"

"BENVANNDCH" "BENLAWERS" ·

"BENNATOW" "BENNEVIS" “BENCHUA CHAN "BENWYV18"

-"BENŃATOW" "BENVENUE" *"BENVANNOCH"

"BENNEVIS"

BENWYVIS"

{"BENLAWERO"

DENORUACHAN"

FAR EAST

ARRIVALS

FROM

.U.K, via Singapore.

OUR

IN PORT

6th Mar.

on or abt. 14th Mar.

H

24th. Mar.

31st Mar.

17th Apr.

H

20th Apr.

30th Agr.

6th May

"

SAILINGS

London, Antwerp, Rotterdam) Hamburg

Hull.

Londott,

Loading on er æbt.

21st Apr.

18th Mar.

Avonmbüth, Rotterdam,

28th Mar.

25th Apr.

Hamburg & Hun

Liverpool,

Dublin, Havralarand

Antwerp.

12th May

www. 4th Apr.

Via Malaya, Colombo, Aden, and Suez Canal.

Accepta Cargo for, Japan,

Aboepts Oktoo far Port:Budan,

(Accepta.Cargo for Rotterdam

Kerk Building,

3rd May

For Further Particstars, Apply To- LOXLEY & CO. (CHINA) LTD.

Agenti

Telephones /24185

THE EAST ASIATIC CO., LTD.

M.S. "MORELIA"

LOADING ABOUT 8th MARCH

for

ADEN, PORT BAID, GENOE, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

Tanks avaliable for the carringe of oil in bull THE EAST ASIATIC CO., LTD.

Queen's

Find abor.

·TO; 24115, & 34112,

KLAVENESS LINE

SAILINGS

Direct to Los Angeles, in 16 days Thance San Francisco, Vancouver, Seattle & Portland M.S. "CASTLEVILLE” M.S. “BOUGAINVILLE“

RIVALS FROM PACIFIC COAST

MOM.S. "BOUGAINVILLE“ claims against the M.S. "SUNNYVILLE"

steamer mu

the Undert

March 13,

|not be recOSTLÍNIC

elécted."

vedited to

Sailing

30th Mar.

(30th Apr.

*4th-Mar. #21st

nham.