1950-03-11 — Page 12

THE, CHINA, MAIL, SATURDAY, MARCH 11, 1950,

ARRIVALS SAILINGS

ROYAL INFEROCEAN FINES

__SINGAPORE, JAVA.

PORTS and MACASSAR

"VAN HEUT&Z”*

TJISADANE”

"TJITJALENGKA"

• Only

to

Bingapora,

Panang & Qutawan Dell,

MANILA, EAST & ·

SOUTH AFRICA &

16th Mar.

20th Mar,

5th Apr.

SOUTH AMERICA

"BOISSEVAIN"

"STRAAT BOENDA"

24th Mar 15th Apr.

"TEGELBERG"

13th May

JAPAN

"DERLAGE"

"DOIOSEVAIN”

"BTRAAT BOENDA"

19th Mar 25th Mari 10th Apr.

10th Apr. 4th May 1st June

23rd Mar 26th Mar

21st Mar.

0th Apr.

17th Apr.

31st May

15th May

"TEGELBERG"

Agents: HOLLAND-EAST ASIA LINE.

EUROPE via MANILA ́

and MALAYA

"HOOGKERK"

"MEERKEAK"

.. Through Bo/Lissued to Mediterranean and Northern European ports.

JAPAN

"HOOGKERK"

"MEERKERK"

ARRIVALS SAILINGS

In Port

early April

early Apr. early May

early Apr.

carly May

17th Mar:

carty Apri!

KING'S BUILDINĖS TELEPHONES; 28015 JE (2017

CHİNİ SİZAGENTES KE ČOSNARGJET: ROAD, CELOTES, AD, UNERY

OCEAN AGENCIES, LTD.

FAR EAST SERVICE

S. S. “KEHREA”

LOADING FOR MANILA & CEBU

SAILING on/about 12th MARCH

Agents:

THE HONG KONG EASTERN SHIPPING CO., LTD.

Room 28, French Bôpk Building, 2nd Floor, Telephones: 32300 & 38601

C

U.S. ORIENT MERCHANT LINE.

ARRIVALS

FROM

FINANCE AND COMMERCE

REPAYMENT OF UK New York

STERLING DEBTS

Hong Kong Stock Exchange

Manchester, March 9.

The "Manchester Guardian” in its main adíterial this morning discussed the affects of Sterling debts repayments; on the British economy. Ir argued that overall rapayments of these debts, both in the interest of the creditor countries and of Britain, should not be more than at the

vary most £100,000,000 a year. The editorial was conumente, essen ing on the problem of these

This week is briefly summed up. balances raised by Mr. Anthony Sterling

Good dividends continue to be handed cut to which the Market is oblivious. Pricen havo hovered around the wook's opening rates the amount traded is small and neglect is all too apparent;

HK. GOVT. LOANS-

4% Lonu Plom. sives Lawn (19RE A 1940) ANG. Black, Burn (1940) 90#, DA/97mm.

DANKS

1.K. & B. Bank BuDir, 1890%.

(Lon, Reg) £82n, Chartered Bank AV 25/180. Mercantile uk A. D ̧ £21®. Bank of Eam Asin 102).

INSURANCEA

Cantún los sich. Union Tox. 195/600am. China Underwriters En. JK. Fire Exx, 216m.

SHIPPING

Dalanes 2001.

H.K. & M. Stenbonte 11m, Indo China (Prefe) #1.

(Del.) On.

Shelfs (Hear) b

Union Waterbonis IT

Asia Nav, 00n.

..

DOCKS, WHARVES, CODOWNS, Etc.

H., Wharves 10d.

North Point Wlarven 659b, Ca.

Shaughed Kengkew Wharte

10n.

21.K. Docks 18.00.

China Provides 121.

Shanghal Dockyarda b'%m. Wheelocka 21.

MINING

Raul Mines H.K. Mines .

LANDS, HOTELS & BLOGS, H. 8. Hotel Ex.Div. 9.40. HK. Lands Ex.Div. 45.300,- Bhanghai Lanús, 13ýb, 1944. Humphrys Ex.Div. 10n.

.. Rextle Zn.

Chinese Estates 1901.

PUBLIC UTILITIES Н.К. Тгатируя 14.60кл. Peak Trama (Old) 18m

(New) 0. Biar Ferris Ex.Div. 83,

C. Lights 11.

(New) 8.30b.

H.K. Electrica Ex.Div. 27h; ETAL. Maruo Electrics 20,

Handakus Llits que

Telephones 1814h,

Abanghel Uns 1.

INDUSTRIALS '

Cald. Mare, Ord. 25b, bra. Canton on

Cementa, Ex.lv, C.Ria, Zéfaa, FLK. Tubes 15, 16,

STORES, Ele.

Dairy Farma da.

:.

Watsons Ex.Div., Chts, 43, 421208.

1. Crawford I, 21.

Biner 3.NGU, 3.80.

China Emporium Ex.Div. 0.6CM.

Bon Co., Ltd. 10.

Kwong seng long pe

Wing On (1K;) <$. Wm. Powell, TÍ, #350.

MISCELLANEOUS

China Entertainments 17 I.K. Constructions (Old) 2.400.

(New) 1.30.

Viro Ping Ex.lv, 13, Mark Investmenle 9/ - Harman-- (JK318n

Shanghai Loan 1.29. Yangtze dn.

Ewo

COTTONS

RUBBER. ɛ, COMPANIES, Alma Paisten 15, 104. Anglo-Dutch 800.

ཏ་་རྩྭ

· SHIP

PUB

Anglo-Javas lu.

1.0. "NORLAGO"

14th Mar.

Batu Anam zon,

* "ANNITBA"

EAST COAST/U.S.A.

Abt. 28th Mar,

Dute Plantations *.40%.

*.. "VASBIL18"

9th Apr.

Chemor Uniled .866.

GALVESTON,

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

AGENTS.

York Bullding.

Tel. 34105

AMERICAN PIONEER LINE

to and from Atlantic Coast Ports af the United States and Far Eastern Ports

NEW FAST CARGO SHIPS

ARRIVALS FROM ATLANTIC

"PIONEER LAKE”.

"PIONEER WAVE" "PIONEER SEA"

SAILING TO MANILA "PIONEER LAKE" (via Futan)

Mar. 17 .Mar. 28

Apr.

Mar. 18

"PIONEER WAVE" (via Fusan, Yokohama) Mar. 29 "PIONEER SKA“ (via Koelumny, Tokohama) Apr. 8

· SAILINGS TO NEW YOKE, BOSTON, BALTIMORE, PHILADELPHIA via

* JAPAN & PANAMA CANAL ·

"AMERICAN REPORTER" Arr. Mar. 29 Sails Mar. 30

"PIONEER LAKE"

**PIONEER WAVE"

• via Tsingtao.

Apr: 8 Apr. 10

* Apr. 22 | Apr. 24

de for autus, special informatiens call

UNITED STATES LINES

Cheng Rubbeên .100.

Consolidated Rubbers 1.00h, s Baminion Rubborn in.. Langkate In.

Farah Bubbers „200,.

Bubber Trial 2016, 86. Bamakosa Rubbere .65b. Repamba Bubbers .10).

Shanghal Kedaha dh, 41⁄4an. Shanghai-Malaga 300.

Shanghai Pahang 40, Ebanghel Samairus „GOD, Bungel Durk 10h.

-Tanah Merahe .556, 458, ADR {

Tebook Rubbers 10n. Clangbe Bubbers ',400.

Money Market

Eden in the House of Commons debate on the King's Address

Estimating the overall debis at same. £3,200,000,000, the paper sold, "Much (though not probably so much og is often assumed) ve Incurred to such countries, us India and Egypt in fighting, the war".

"What

- paper. suggested,

Weakening further yesterday US dollars dropped to HK$0.43%, after opening at $6.45. These were the lowest and highest rates,

TT was put through from] HK$0.45 to $0.47347)

Sterling

WAS stationary at HK$15.32.

Australian

pounds

back to HK$13.30 after opening) dropped

at $13.35,

Plastres were unchanged at HK$19.50 #100...

cents to

Ticals dropped 10

HK$28.30 g 100,-

NEI Guliders opened at IKS $4.70 » 100 and closed at $24.40.

¤LACKENE”.

PWILLIAM

·TÉALIFORNIA BEAR”.

TRAD

must be done now is to Ax the rate at which we can afford to repay for the next few years.”

Discussing the strain of .un. requited Jequited experts during the past three years on British economy. the paper sald that the relaxes from the Sterling balances were 60187,000,000 in 1947, £207,000,

1940 and, at the rate of 41275,000,000 a year during the £275,000,000 Arst nine months of 1949, without including the drawings not cover. ed by formal agreements.

Estimating that most of the

investment capithi

releases

in 1949

London, March 9. Mr. Hugh Opitakali, Mini- ter for Economic Affairs, told Parijament today in a written reply that. Sterling, releases during 1949 were £218,000,- 000.

These ralesses, he said, had been made under arrange- ment with India, Brazil, Cay. ion, Egypt, Iraq, Jarast, Pakistan, Sweden, and Uru Quay.-Router.

CHARGED WITH INSULTING PONTIFF

to

Rome, March 9, The Italian Lower House abrost in night lifted Parliamentary

Im- British

from the Communiat

munity

effect also want to buy exports without current ment, the paper argued that last. year between £400,000.000 and charged with insulting the Pope. She is said to have. accused £500,000,000 worth of British the Pope of not having lifted a goods were exported without finger to prevent the war curning Imports, representing Palestine or to hinder or limit, about one quarter of all British World War II. exports,

repay woman deputy, Laura Dluz,

séll

The paper said that the effect of this policy was directly in flationary at home and abroad, British Orms which could

nelly and profitably to Sterling countries had no reason to try their fortunes in the riskier markets of North America.

Much overdone

Charged with having made, tho accusations in a public speech two years ago, she is expected to be tried shortly.

Communist and left wing So-

voted these cinilst deputies

against depriving her of Parliamentary immunity-Reuter.

Guardian"

The "Manchester said, "With much of the world we have a trade

LONDON STOCKS London, March 9. Industrial shares developed surplus mild weakness in a dull scasion of the Stock Exchange, British Government bonds drifted to 6/16 of a pound lower. Japanese bonds slumped sharply because

restrictions. of new tight

by Tokyo on, most allocations--of the sterling area. The 1007 Issue British pounds for imports from

closed at 45-4, down 1-%, the one questions either our obligation to meet our obligations and the 1980 series at 62, down

1910 series at 32-4, down a or our self-interest in helping

two, dimculties as countries in such

spend less on imports than it spends on our exports. And yet Starling Inseverywhere soft currency which no one is an xlous to hold. That is the mas- sure of how much weave overdone the"?blease of Sterling

from the 'balances."

Financial Times index 104.2.---

In India. But how much can we Associated Press.

do?

NOTICE TO CONSIGNEES Consignees Per

We shall not help to preserve india from Communism by bring ing the Sterling Area down in bankruptcy. We

dis- shall not chorge our moral obligation by. overstraining ourselves so much 9.3. BENALBANACII”, that our creditors' Sterling

comes less and, less in real are hereby notified that their Saying that it was a reasonable cargo is being discharged into guess that India's spendings from the Hong-Kong Kowloon Whart & Godown Co.'s EO- her Sterling balances will amount

to some £100,000,000 in the our down, where it will be at Con- rent 12 modtha" compared with signces' risk and subject to the £170,000,000 in the last 12, the Wharf's terms and conditions paper said that against this must of storage, and where delivery be set various! increases in the

may be obtained. repayments

to our smaller credi tors.

Damaged packages are to be "There is no sign that on left in the Godowns for exam- balances the Government will donation by Consignees and the more than imposo a slight slow-Company's Surveyors, Messrs.

down."

ins

paper concluded, "The only Carmichael & Clarke, at 10 course is to get all our creditors am. on March 11, 1980. together and agree on a total for To comply with the General

the repayments we can make Bonded Warehouse Regulations now. In their interests as well #2 Consignees' must' havõ`u Ro- ours it cannot be more than, at venue Officer in attendance the very most, £100,000,000, year."Reuter,

when damaged duttable goods are examined

NY RUBBER

Stock Exchange

AMERICANS

The Global Fleet

TO HONOLULU & SAN FRANCISCO.

"President Wilson”

"General Gordon

"Prezident Cleveland"

via.JAPAN

Arr. Mar. 10 Arr. Mar. 17 Arr. Apr. 14

Sails Mar. 17 Salls Mar. 18 Salls Apr.

18

TO SAN FRANCISCO & LOS ANGELES

New York, March 9. A late selling wave carried the stock market to A

"President Harrison" three-week

"President McKinley'

low. Leoding teruos finished with Josees of fractions to around a point, with most ending at the lows for the day. A midday rally faded out and selling was heavier in the inal hour, Transfers 1,330,000 shares.

Wall Street sentiment could be summed up this way:

Bearish for the immediate fu= ture, bullish for the long pull. Some traders thought a decline was overdue. Among losers Chemical, were Pepiscola, Dow Gulf Qll, United Airlines and General Instrument.

Galner's Included Swift Inter- national,

Paramount Pictures, Santa Fe and Loews.

Dow Jones averages: Stocks 73.5); 20 Industrials 202.33; 18 Rails 55.18: 10 Utilities 42.81.

Closing

Adams

2144

American Can 100%----

Telephone 151

•

Tobacco 72%

H

Anaconda

Waterworks 0%

Aviation CPT 28

:

0% Baldwin Locomotive 11%

Barnsdall 80%

Bendix. Aviation 41%

Bethlehem Steel 33%

Bloging

Aircraft 27

Borden Co, 50%

Canadian Pacifle 14%

J.:1. Case 42%

Chrysler 64%

Colgate

45%

Commercial Solvent 10% Corn

orn Products 69%

Du Pont 62

Eastman Kodak 40% General con

Electric 4514

Motors 74%

Goodrich 82%

Goodyear 49%

Homéstake Mining 44% International Harvester 27

Paper 35 Tel * Tel 11%

Johns Manville 40% Kennecott Copper 51% Montgomery Ward 55 National' Distillers 22

Lead 371⁄2 New York Central 13 Packard Motors 3% Pan American Airways 10 Pennsylvania. RR 18 Radio

14

Real S

11% Remington Rand 13%

Republic Steel 25 16

is Tobacco 38%

Reynolds

Schenley

Sears Roebuck 43% Shell Oil 86

Socony Vacuum 1214

Oncife #24- Southern Standard Brands 23

bil of Calif. 623⁄4 "Oll of N. J. 60% Studebaker 27% Union Bag 27%

Carbide 42

US Rubber 42

"

Steel 30%.

"Lines 18

Westinghouse 33

Youngstown Sheet & Tube 79% Gen. Pub. Utilities 17%

Rail bonds eased. Among curb stumblers were Cities Service, Kaiser Frazer, Pancoastal OIL- Asciated Press.

NOTICE TO CONSIGNEES

CONSIGNEES PER

STATES STEAMSHIP COMPANY

5.3. "ARIZONA"

are hereby notified that their No claims will be admitted, cargo is being discharged into after the goods have left the the Hong Kong Kowloon steamer's godowns, and all Wharf & Godown Co's godown oads remaining undelivered where it will be at consignees after March 18, 1950, will bel risk and subject to the Wharf's subject to rent.

terms and conditions of storage, and where, delivery may be All claims against the steam obtained. er must be presented to the Spot No. 1 ribbed smoked sheets March 20, 1950, or they will left in the godowns for ex-

undersigned

or before Damaged packages are to be

New York, March 9. Crude rubber No. 1 futures closed three lower to 10 higher with sales of 69 contracts.

March

19.80 bid May

19.25-30 July September

18.98. 18.00

19 5/6 nominal-Associated Press

SHIP MOVEMENTS

San Francisco, March 4 Ship departure on March. General Hugh J. Gaffey for Yokohama C

Boattle, Ship arrivals, "Mançeran]

on

not be recognised.

No Fire Insurance will be effected.

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

from Calcutta, Beaver Blata from Hong Kong, March 8, 1950. Fusan Associated Prem,

Pacific Far Cart Line Inc.

Fait Regular

· ANGELES)

amination by Consignees and the Company-surveyors, Messrs Carthichael & Clarkó fát 10 a.m. on March 11, 1950.

To comply with the General Bonded Warehouse Bagula- tiors, consignees mist have sa Reventie Officer in attendance when damaged dutiable goods are examine

| No claims will: he admitted after the godda: havn Løfe' the | steamer's godowns,” and all, goods remaining undelivered after "March 12, 1950 will be“ subject to rent.

claime

steamer taust the Undersigne March 1207

hot be rece

No Fir

inst the presented" to

or before

theys with

via JAPAN

Arr. Apr. 2 ...Arr. Apr. 13

Sulla Apr. Salls Apr. 13

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

"Marino Snapper"

"President Johnson"

.Arr. Mar. 19

............. Arr. Apr. 15

Balls Mar. 20 Salle Apr. 16

ROUND THE WORLD

VIA MANILA, SINGAPORE,-COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON "Mount Mansfield" "President Monroe"

Arr. Mar, 20 Arr. Apr. 4

Sails Mar. 21

Salls Apr. 5

TO JÁVA & STRAITS

"President Johnson” St. George's Bldg.

.Arr. Mar. 14

Salla, May. 15

Tel. 28172/5,

BEN LINE

SHIP

"DENALBANACH"

"BENVENUE"!

"BENVANNOCH" "BENLAWERS"

"BENNATOW"

"DENNEVIS" "BENCRUACHAN"

"BENWYVIS”

"BENVENUE"

**BENNATOW"

**BENVANNOCH"-"

"BENNEVIS"

("RENWYVIÐ"

("BENLAWERO" ....

"BENCRUACHANA

ARRIVALS

FROM

.U.K. via Bingapore.

SAILINGS

DUE

In Port. 18th Mar.

on or abt 24th Mar.

31st Mar.

17th Apr

20th Apr.

80th Apr.

9th May,

Loading on or sht

20th. Mar.

21st Apr.

Avonmouth,

28th Mar,

26th Apr.

Hamburg & Hull,

12th May

Liverpool,

Glasgow

Dublin,

Havro

4th Apr.

Antwerp.

3rd May,

London; Antwerp, Rotterdam, Hamburg.

Hull.

****

Genoa,

Landon-Rotterdam,

Via Malaya, Colomba, Adon, and Suez Canal.

* Accepts Cargo for Japan.

Accepte Gargo for Port Gudan.

(Accepte Dargo for Rotterdam

For Further Particulars, Apply To-

W. R. LOXLEY & CO. (CHINA) LTD. “AgentsTM

York Bullding.

Telephone: 34105."

THE EAST ASIATIC CO., LTD.

M.S. "MORELIA"

LOADING 8th/11th MARCH

for

ADEN, PORT SAID, BEYROUTH, GENOA,

ANTWERP, ROTTERDAM, HAMBURG, OSLO,

GOTHENBURG & COPENHAGEN --

Tanks available for the carriage of oll in bulk.

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

#Tel. 34111 & 34112.

KLAVENESS LINE

SAILINGS

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

? ¿, 30th Mar. MY CHIC 30th Apr. ARRIVALS FROM PACIFIC COAST

ình