1950-03-14 — Page 14

THE CHINA. MAIL TUESDAY, MARCH

1950.

ROYAL AMEERA CLAN

SINGAPORE, JAVA

PORTS and

MACASSAR

"VAN HEUT6Z"*

TJIBADANE"

"TJITJALENGKA”

• Only

to Singapore,

Penang & Belawan Dell

■ MANILA, EAST & SOUTH AFRICA & SOUTH AMERICA ·

"B018SEVAIN"

"STRAAT BOENDA" "TEGELBERG"

JAPAN

"BERLAGE"

"BOIBBEVAIN"

"STRAAT BOINDA"

"TEGELBERG"

ARRIVALS SAILINGS

10th Mar.

15th Mar

20th Mar

25th Mar,

8th Apr.

10th Apr.

24th Mar. 18th Apr. 13th May

10th Apr.

1st June

21st Mar, 0th Apr.

31st May

23rd Mar. 26th Mar 17th Apr.

16th May

Agents: HOLLAND-EAST ASIA LINE

● EUROPE via MANILA

and MALAYA

-"HOOGKEAJkhan

"MEERKEAK"

Through Ba/Lisaund to

Mediterranean and Northern

European porta.

JAPAN

"HOOGKERK”

"MEERKEAK"

varly April

early Apr.

early May

17th Mar carly April

FINANCE AND COMMERCE

AMERICAN BAN ON EXPORTS

Washington, March 12.

The Government has block- ed $160,000,000 in proposed exports stuce it clamped a virtual ban on shipments that might increase the Soviet spheres war potential.

EFFECT OF POLITICS ON EASTERN TRADING

Washington, March 12.

Tho Commerce Department reported today that political events in Asia during 1949 had a do- cided influence on future trade prospects with that dria.

An

article surveying such prospects, published in the official Foreign Commerce Weekly, soid that events with unfavourable influence were:

Spread of

Communist con The Commerce Department, re- | trol lover continental China porting this today, said that ox- disputes between India

and ports to the Russian bloo

Pakistan over both political and economie issues, continued civil strife in French Indo- China and internal disturbancea in Burma.

Eastern Europe were cut 70 per cent between the clampdown on March 1, 1948 and September 30, 1040,

BRITISH TALKS WITH ISRAEL

was in-

London, March 12, British and Israeli indus- trialists will meet for discus-

this year, It sions nounced at tonight's resumed session of the Zionist Federa- tion of Great Britain and Ire- land.

Exports 10 Russia alone, it

Events on the favourable shte said, declined from almost $21,- 000,000 in the first quarter of were: settlement of political dif- 1948 to a lille more than $500,-ficulties in Indoncalo and return 600 in the third quarter of 1940. from SCAP to the Japanese Gov- Most of the exports blocked ernment of authority to regulate were destined directly for the foreign trade and return of the trade to private Soviet sphere, but licences also bulk of that ARRIVALS SAILINGS

were refused for shipment else commercial channels under alm- _sariy-Apr. whore when it was suspected plified procedures.

Darly May they would be reshipped to Rus- The arcle attributed muen or Mr Maurice Cohen, honorary-

KJI.

the improving trade position in secretary, said that the Federa- The Assistant Secretary of Japan to the catablishment of a tion's Economic Section would basis foreign exchange consider import and export ques- Commerce, Mr. Thomas F. Blais, single

It said, "This. tions and currency changes. dell, said it now appears there is rate for the yen. no need for further extension of cased the way for reorganisation

whole Mr. Aaron Wrighi, reporting on special control powers over tin and simplifientian of the and. tla products following their system for control of the coun- the Joint Palestine Appeal, which expiration due on Juno 30. try's foreign trade and for trans-was started to establish the new ferning its regulation to the Jap-State, said that there had been a

Government

under the drop of about 45 per cent in sub- anesc

In 1040, The total general supervision of the occu- scriptions

would be about £1,130,000, In- pying authorities."

tax

Irom recovered politicntcluding is ex covenants, compared with over about to bring

more £2,000,000 in 1948. stable conditions generally within Subscribers had fallen from the islands..

33,000 to 10,000. "If Israel is to The articis continued, "That should facilitate recovery toward survive, it must be strong," he the pre-war level in quantities said. "No lower than 850,000 Im available for export of

migrants have entered Israel since raw materials for which this rathe dreinration of the Slate, and glon had long been an important hundreds of thousands are wait- ofing to be a source of strength and With the cessation

greater not a liability to the new State." civil strife anticipated.

const- availability of imported

Their target this year, he said, mers' goods for the native popu was £2,000,000 and the first four lution is expected to serve as an weeks of the current compalgı incentive to help step up she had yielded £550,000. The confer-1 output and to bring down prices enee cios Loinorrow.—Itouter. of Indonesian export products closer to world levels."

KING'S BIRDING, -HLEPRONES) 28615" TO. - 28817-

KIRNEST DAGENES HALLONNAIGRE: ROAD, ALLEIN HER, BLA

DE LA

RAMA LINES

Sailing to Now York, Baltimore, Philadelphia,

Via Japan and Pacific coast ports

M.Y. "AJAX”

M.V. “AGAMEMNON”

Arriving via Manila from

20th Mar.

.23rd Apr.

PORTS

In Port

due 26th Mar.

due 12th Apr.

U.S. ATLANTIC & PACIFIC COAST

S.S. "DONA AURORA”

M.S. "DONA NATI“

M.V. "BENGAL”

BUTTERFIELD & SWIRE

1. Connaught Road, C.

Agents

Tol. 30331/8

U.S. ORIENT MERCHANT LINE.

CHIP.

"NORLAGO"

1. "ANNITA"

a.a. "VASSILI6"

ARRIVALS

FROM-

DUE

GALVESTON. EAST COAST/U.S.A.

Abt.

14th Mar. 26th Mar. 9th Apr.

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

York Building.

AGENTS.

Tel. 34165

CHINA NAVIGATION CO., LTD.

(A.-O. Line/China Navigation: Joint Service).

SAILS:

BAGGAGE:

M.

-V. “TAIYUAN''

NOTICE TO PASSENGERS

From Kowloon Wharf, No. 3 on Thursday, the 14th March até p.m. for SYDNEY and MELBOURNE

With the exception of hand packages carried by passengers themselves, ALL "BAGGAGE must-pass through the Wharf Co's. Godown for Touding on board by ship's slings.

Baggage, should be sent to the, Hang. Kong & Kowloon Whart. Co.'s Gjodown, at NO. 2 GATE, CANTON ROAD ENTRANCE -by NOON on WEDNESDAY, the 15th March.

ON:: Pargengers should embark' between. 3. p.m.

and 3 pií, ori THURSDAY, the 10th MARCH. through No. 1 GATE; Kowloon Wharf.

Agentur

IRFIELD & SWIRE

These powers had been used sluce wartime to control not only exports but imports and domes- lle use. They were cased throughout the last half of 1949 as the US, which produces no primery tin, found supplies abun- dant and built up its strategic stockpile.-Associated Press.

Exchange system in Indonesia

The article said that settlement in Indonesia pected

source.

Yarlous

India-Pokiston dispute Money Market

to

Djakarta, March 12. Mr. Sjafrudditi Prawirane- gara, the Indonesian Finance Minister, said here today that Indonesian guilders overseas would probably decrease sharp- Turning to Indian and Pakis-

the ly in value under

new tan problems, the article traced A big slide in US dollars over foreign currency regime to be oconomie difficulties which have the week-end brought the price introduced tomorrow. by the resulted from political friction, down to HKS8.38 at the opening Indonesian Government as an It said, "Both countries recently of the market yesterday. Before have been trying to break away the luncheon interval it was down export inducement scheme. from their former close depen-

The object of the new scheme dence upon supplies and markets a further two and a half points is to end all manner of illegal of the other. India has sought to recovery in the afternoon brought $0.33. However, a sharp transactions and smuggling which satisfy her needs for raw cotton it up to $6.38, were promoted by the present and for

from wheat

overseas it was $6.374. foreign exchange system and in-

sources; including

United States, a late growing, terferred with the

and is

cx- an is planning

TT was booked at HK30.87% of exports,

pansion

down to $8.35% in the morning | The article added, "On its part and at 80.41 down to $6.40 in the Pakleten l

to develop afternoon, le trying direct export and roma local processing of ita raw juta to Sterling improved five cents to shift some jute acreage to rice and to orient Its sources. Df ~~supplies of various countries Australian pounds-were-down,

Bve conts to HK$13.30. to outside countrive."

development Under the new scheme expor- tere will receive foreign exchange certificates for half the value of bills of exchange they present to banks as well as the full equiva- lent of the billa in Indonesian currency.

Importers of goods purchased abroad will have to bo in the

rehey.

the

to

r-

possession of a foreign exchange most important problem in

The article continued that the certificate besides an Import and foreign exchange permit to ac- Philippines was adjustment quire the necessary foreign cur-serve which was excious dc. The Indonesian Finance Minis- pleted by tapering off of wartine ter sald today that the decrease funds from the United States. In the value of Indonesian

I noted the import gull-

controls ders overseas would occur if the Philippine officials hope to

said, "By these measures price of foreign exchange certi- ficates issued to exporters was duce the country's imports by maintained at 200 per cent of the ing the value of imports to about $200,000,000 annually, thus bring- official rate of exchange-the price which the Government in- tended to fix at Arst.

He admitted that the rate might fluctuate.

one

The Government expects result of the new scheme to be that foreign countries will show a greater willingness to invest in Indonesia. Reuter.

Menace to UK shipbuilding

Liverpool, March 12. Sharply rising, costs menace the British shipbuilding indus- try, the annual report of the Liverpool Steamship Owners Association said today.

Costs are about two and a half times higher than before the war, the report said.. There is danger

that the British industry will rion|

and

re-

the level of the country's current exports."

Regarding

HK$15.40.

At closing time

Piastres were unchanged at HK$12.50 a 100.

Ticals at HK$28.30:4⋅ 100 were; fikewing unchanged.

NEI Gullders were down 40) tents to HH424.10 a 100.

TELEVISION IN ITALY

China, the article said, "The most distinctive com- Tolevision has arrived in mercial development in Commu- Italy. From Rome, carrespon- nist China has been a program dent Robert Shearer reports

do. me for concentrating both

new tolevision that Italy's mestle and external trade

most commodities in the hands transmitter, installed near of huge State-controlled trading

in Milan is almost ready to start

organisation pointed

However,

trans-

operating commercially. that out

The first trials of the the spread of Communist control mitter have proved outstanding

Nor la has already cut off

importantly successful.

ot

Hong Kong Stock Exchange

A very quiet day.

EK. DOVT, LOANG

đi Loan tiến 35% Loan (1934 & 1940) 91b, ". 5% Loan (1048) ..

BANKS 1.K. 8. Jank 1406, 1415am. (Eun. Res.) 45. Chartered Bank 49 11/190. Mercantile Bank A. &`N. CRI»,

Apk of East Al 107,

INSURANCES Canton Ins, BICU, Union Jan. 104. China Underwriters Bu JK. Fire Ins. 215,

BRIPPING

Dotigiaver 200n.

H.K. & M. Steamboats (If.. Indo China (Pret) 19%n.

(Def.) 200n. Khella

(teater) G8/-n. Wolun Welerbot 2015. Ada Nar, 90an.

DOCKS, WHARVES, GODOWN8, Ete. B.K.K. Wharyen 106.

North Point Wharves Sn.

Shanghai Honghew Wharves 190. 178, Ducks 18.Cor.

34.

China Provklents ·izh, 12426, Bhangha! Dockyards Wheelocks 284.

MINING

Raub Mines By HK Mines 01.

LANDA, HOTELS & BLDOS. ... fotels Ex.Div, BOE. HR. Landa Sz.Div. 65.80u. Shangtial Tanda algh, than

Humphrey Ex.Div. 30.

ILK. Realice In.

Ohinese Entales 135.

PUBLIC UTILITIES ILK. TramWars 14,&Ch, 167018, Peak Fren (0){d} Inn.

(New)

Star Percles ExDlv, k26, 1955, €. Lights (Ok) 1156, 119ann, (New) .206.

II.K. Patates Ex. Div, 2774.

Mens Elecirles 20. Skin Light #720. Telephones 170, 171m.

Bhanghai Ca 1141

INDUSTRIALS

Caki. Macy, (Ord.) 2b,

Canton lees an

Cebierta Ex.Div., C., 2, 2560,

HK Rapes Ex.Div. 10n.

STOREY, Els, Dairy Farms 416.

Watsons Ex.Div., Cl. 435. L.Crawforde 21, 22, 214mm Auceren 3.80.

Chi Emplum Ex.Dis. 0.401. Săn to it, 15.

Kweng Bang Hong 35. Wing On 1.1.3 026, Raa. Wm. Towell, Ltd. 014n.

MISCELLANEOUS China Entertainidents 17far. .. Construcilona. (01) 2.405.

(New) 1,800,

Macaman lavestris, /en. Vibres Tiling is 5% m

Hariman (H.K.) 760. Shanghai Loan 1,107.

Ewon 1.

COTTONS

--------- KUQDER, ste, COMPANIES

Alma Estates 18h. Anglo-Dutch 0. Anglo-Java iti. Bato-Anams 25n.

Bute Plantations ¡405,

Chemer United 30.

Cheng Rubber

16,

:

Consolidated Rubbor 2.10b, 2.10mm.

Dominian Rubbers in.

Langkate in.

Repah Rubbers zen: Rubber Trust 25, Bamagaga - Robbers' .958, Semambi Rubbára 1100. Shanghai Kedahs +1. Shanghai-Malaya 100. Bhanghal Padang. 196. Bhanute Bomatras .09. Sun Moneris et by Bungel Duris 14b. Tanah Meraha 585. Tebong Robbers Ik Ziangbe Nubbers 50n.

SENDING BULLS

TO ECUADOR,

•

While Britain sends pedigree this stock to America by air as part

the

lines of commerce with the Wes- "success" just merely wishful of her export drive, there is tern world, and has rendered. thinking on the part conditions of access to supplies Italians, British experts visit news of Spain sending buil→ and markets of that vast arca ing, the transmitter report that fighting bulls-by air as part difficult and unpredictable the new Italian station is techni-of a plan to raise funds for United Press.

caily "very chicient”.

earth quake victims in far-off At the same time Vatican City Ecuador.

never far behind in adopting Writing from Madrid, William tho. very latest broadcasting Stuttard: explains that disasters alds—la_Installing its own tele- | In any of Spain's former posse?... vision network. A special tran- sions in the Southern Hemis

cause a whve of

GOLD DEPOSITS

IN EGYPT, smitter and special receivers will here, alwayroughout Spain. Thi

Cairo, March 12. bowed for i

tion and audital administra- | sympathy The newspaper "Al Assar" re-

granted by time: unable to render, immediate Pope

will be televised financial assistance to the

be able to meet world 'competition posted today that the Government throughout the Vatican

alfectively and old ships will not expert odmmitted estimated that

to ylower city and

tims, the generous-minded: Spa- Į

be replaced by British yards, it gold mines at Sukkari on added.

and it urged, that earnings set

For

to

cash in on Television

niards decided that a charity bull-fight would it the bill,

The idea caught on, and me of ...tolovision Sobin',ing Matadora.or◄ Britain, however,

very fared to

casa +

aside to replace worn out vessela mitteo counted '20 velris of gold direct from it ma

and

PRESIDENT LINES

The Global Flatt

TO HONOLULU & SAN FRANCISCO

M

vio JAPAN

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

Arr. Mar. 10

Arr. Mar. 17-

Arr. Apr. 14

Salls Mar. 17 Salls Mar. 18 Salls, Apr. 15

TO SAN FRANCISCO & LOS ANGELES

"President Harrison" "President McKinley"

via JAPAN

2

Arr. Apr.

Salla Apr. .Arr. Apr. 13 Baila Apr. 13

TO NEW YORK, BALTIMORE & BOSTON

via PACIFIC: COAST & PANAMA” E

"Marine Snapper?? "President Johnson"

.Arr. Mar. 10.

Baile Mar. 20

Art. Apr. 16

Salla Apr. 16

ROUND THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUBZ, PÓRT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENDA, NEW YORK and BOSTON

"Mount Mansfield" "President Monroo".

Arr. Mar. 20 Arr. Apr. 5

Saila Mar Salis Apr.

"President Johnson"

TO JAVA & STRAITS

In' Port

_St.George's_Bldg.___

21

Salls Mar. 15

17:1. - 28172/5)

BEND LINE

SHIP "BENVENUE" "BENVANNOCH” "BENLAWERS" "BENATTOW"

"BENNEVIS"

"BENCRUACHAN”

"BENWYVIS"

"BENVENUE" "BENNATOW"

I"BENVANNOCH"

"BENNEVI8"

"BENWYVIS"

("BENLAWERS"

"DENCRUACHAN"

FAN ENSY

ARRIVALS

FROM .U.K. vla Singapore.

SAILINGS

London,, Rotterdam,

& Huth

OUT 16th Mar. on or abt. 24th Mar,

Antwerp, Hamburg

Avgnmouth, London, Rotterdam, Hamburg & Hall,

Liverpool,

Glasgow,

Dublin, Havro and

Antwerp.

31st Mar

17th Apr.

20th Apr,

30th ApN:

#

9th May

Loading on or abt.

19th Mar.

Etit Apr...

28th Mar

25th Apr.

12th May

4th Apr

3rd May

Via Malaya, Colombo, Adan, and Buez Canal.

† Accepts. Cargo, for Part-Budan,

(Accepts Cargo for Rotterdam

For Purther Particulars, Apply To-

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

York.Bullding....

Agente

Telephone: 34185,

THE EAST ASIATIC CO., LTD.

M.S. “KVERNAAS”

LOADING ABOUT 30th MARCH

for

ADEN, PORT SAID, GENOA,

ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

Tanks, available for the carriage of oil in bulk.,

:་:

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

Tel. 34111 & 34112:

KLAVENESS LINE

froa. of choEZO, At the same time Spanish buil- that they broeders promised:

first in Britain would make a present

Staly

the Meanwhile, Red Sea near: Kosselt, 800 miles the expected The report said high taxation is South of the Succ, amounted to largely responsible for the dis- at least 18,000 tons and possibly Targ

salesmen. treated

30,000 tons. stale of the Industry,

It will not fust The newspaper, bald the com4 ting orders bar rolloved af taxníion

Fore whose

was estimated to:

homes. In Tang: shops The Alsoclmión also, expressed at 10-

"execoding the-In setting UP

their ularm at the prospect of nation- value, or the South African wro

the allation of ports Associated The paper said that alded Rations and studios,

used American: equipment have this mineral Wealth the Govern and advice given to them prae moht could secure a gold backing for the Egyptian currency with, in two years at a low cost. Z

Press,

Chicago, March 12.

The president of the first Unit- ancient Egyptians mined gold at sewi ed States International Trade Sukker! but did not dig deep Fair sald today that contracts enough to exhaust the supply Headquarters.ro United Pross

at Talt

Arral from different

and the United States and

ad

Rome March 12.3 Fren The Central Instit

that products from more than to lics ann different countries" will: pp., en display when the Fait opens, on ||August (7) for a two-tvrdkorun,"

United Press,

hou

Uni

Oghting-bulli

SAILINGS MADADA MAMA

Direct to Los Angeles; in 16 days. Thence San Franciscó,

M.S "CASTLEVILLE”

trame the problem MAS:“BOUGAINVILLES

Or under

transport/foo, it was decided that tbw;byll-fight-it, it was to kura

Seattle & Portland

.....30th Mar, 30th: Apr ARRIVALS FRom pacific COAST BUM

19:24thƐMar 21 ART

coed at alle must take place in M.SBOUGAINVIL Ecuador Isolt 249,00 Finally, it wor drranged

that a Spanish-zhip

should take the bulla across the

Ailentio, and that two.,

planes Would theor Venezuela, Colombia,

the

oft quaking: Andes; to Quito, cape, MS, “BOUGAINVILLE'

M.S

VILLE" Sailing Sing

Bort Swettenham;

Rand

Accommodation: TO LOS ANGELES.

Balk

THE

(CH

Chinese Fraight HOO FOOK

"King's Iuliamg, 14.