1950-03-30 — Page 12

Pago 12

THE CHINA MAIL, THURSDAY, MARCH 30, 1850.

ARRIVALS SAILINGS

ROYAL INTEROCEAN FINES

SINGAPORE, JAVA

PORTS and

MACASSAR

"VAN HEUT&Z”*

"TJISADANE"

* Only to S'pore, Ponang & B. Dell

● MANILA, EAST &

SOUTH AFRICA &

#TJITJALENGKA"

4th Apr.

. 8th Apr.

21st Apr.

9th Apr,

13th Apr.

25th Apr.

SOUTH AMERICA

"BOIBBEVAIN"

10th Apr.

"STRAAT SOENDA"

13th Apr.

"OTRAAT MALAKKA"

4th May

"TEGELBERG"

13th May

1st Juno

JAPAN

9th Apr.

"STRAAT BOENDA"

2nd May

"TEGELDERO"

31st May

"BOIBSEVAIN",

17th Apr,

14th Apr.

18th May

"STRAAT MALAKKA”

Agents: HOLLAND—EAST ASIA LINE

• EUROPE via MANILA

and MALAYA

"HOOGKERK"

ARRIVALS SAILINGS

"MEERKERK"

"HYNKERK"-

10th April carly 'May

8th Apr. 2nd May early June

Through Ba/Lued

to

Mediterranean and Northern

European porte.

JAPAN

"HOOGKERK"

"MEERKERK"

"HYNKERK"

FINANCE

AND

COMMERCE

STABLE ECONOMY IN MANCHURIA REPORTED

Hong Kong Stock Exchange

A very quiet day.

H.K. GOVT. LOANS

4% Loan 99n.

314 Loan (1934 & 1940) osu, 31% Loan (1948) 9780.

BANKS

1.K. & S. Bank 1410s.

(Lon. Reg.) £82. Chartered Bank £9 11/10n, Mercantile Bk. A. & B, £22n. Bank of East Asią 104b.

INSURANCES Canton Ins 315n. Union lus. 3006.

Chiun Underwriters ön, 1.K. Fire Ins. Ex. Div. 215n.

SHIPPING.

Douglases 2000.

H.K. & M. Steambonts 11. Indo Chinos (Pref.) ·60žu.

" (Def.) 2000.

Shells (Bearer) 83/iin.

7th Apr.

1st May Early June

17th April

carly May

U. Waterboats 258.

BAKING'S BUILDINGS TELEPHONES; 28015÷FO -28017

"CHINESE,ABENTSÜRE CÖNNAUGHT HONÐ, AL ENTSCADA, 2993.

PRINCE LINE LTD.

(Trans-Pacific Servico)

my. SILVER WALNUT

LOADING 1st APRIL

for

LOS ANGELES, SAN FRANCISCO, PORTLAND, TACOMA, SEATTLE & VANCOUVER.

Duo Los Angeles 25th April

JARDINE, MATHESON & CO., LTD.

18 Pedder Street

Tel. 30311

U.S. ORIENT MERCHANT LINE.

AHIP

*.*. "VASSILIB"

`s. “ANNITSA".

ARRIVALS

FROM

EAST COAST/U.S.A.

-do

W. R. LOXLEY & CO.,

York Building.

AGENTS.

Abt.

DUK

9th Apr. 16th Apr.

(CHINA) LTD.

Tel. 34165

TAI HANG JEWELLERY

¡ Wholesalers of CUT-DIAMONDS

&

Sole Agents For

Liberty Diamond Cutting Works (Pty) Ltd.

Johannesburg, South Africa

7th Floor, Room 707.

3

Bank of East Avia. Didg.

BIGGER & BETTER THAN EVER!

1950

HONG KONG DIRECTORY

NOW ON SALE-

MOST UP-TO-DATE, AND MOST | "COMPLETE

OF ALL BUSINESS DIRECTORIES IN THE' COLONY!

HONG LIST CLASSIFIED GOVT. OFFICES HOSPITALS SCHOOLS

PRICE: $10 Per Copy,

CHURCHES

INSTITUTES

CONSULATES

SERVICES

CLUBS

AGENCIES

WHO'S WHO

RESIDENCES

"BALE "AT. "ALU İLKADIN moi

PERINA MAIL" OFFICE, WERENCE

Asia Nnv. 958.

San Francisco, March 28.

Peking Radio claimed tonight that stabla economy in Manchuria had enabled the North East People's Government to allocate 42 per cent of total expenditure in its 1950 budget to industrial reconstruction.

At the same time this some Government was sup- porting the war effort by sending its huge grain surplus to areas south of the Great Wall, the Radio added..

In

It wald that as a result of the expansion af publicly-operated industrial and other enterprises. the largest item of Government revenue this year would be pro- fit from

investments

these enterprises,

Furthermore, the proportion of taxation borne by urban and rural areas had been reasonably adjusted so that, for the Arst time, revenue from agrleultural taxation was 25 per cent lower than the yield of urban taxes.

Meanwhile, vast areas of Cen- China-stretching

trul

South

reaches

of

AGREED MERCHANT RATES

Maximun Bešling. Bierlings

1/2 18/16

1/2 13/16

from Canton In the South East Sterling (5 & to the upper

of the Yangtse, with a population 40,000,000 in six Provinces-are shifting Its main work to econo. mle reconstruction and initial preparations for land reform.

Stage of peace

The Radio added that a reso-

DOCKS, WHARVES, GODOWN8, lution of the Military and

ETC.

H.K., & K. Wharves Ex. Div. 958. North Point Wharves 5.600. Shanghai Hongkew Wharves 10n. IK, Decka 18.

China Providents 12.20s. Shanghal Dockyards 40, Wheelocks 2748, 278/28su.

MINING

Raub Mirfen S

1.K. Mines in.

LANDB, HOTELS A, BLOGS.

H. & S. Hotels 0.00s.

H.K. Lands 435.

Shanghol Lands 1in. Humphreys 9.80s, H.K. Realties 2n.

Chinese Estates Ex. Div. 124n.

PUBLIC UTILITIES

ILK. Tramways Ex. Dlv. 13.00s. Peak Trams (Old) 181.

1

(New) n.

Star Ferries 8315.

C. Lights (Old) 11.10, 11.30s.

(New) 8,305,

H.K. Electrics 27s. Maceo Electrics 200. Sandakan Lights 8in. Telephones 16.

Shanghal Gas 11n,

INDUSTRIALS

Cold. Macg. (Ord.) 263b, Canton lees 3in.

Cements Ex. Rights 11b, 1125. H.K. Ropes 14n.

STORES &c.

Dairy Farms 309s. Watsons Ex. Eights 29s. L. Crawfords 213b. Sinceres 3.800.

China Emporium 91b, 91sa. Sun Co., Ltd. 2ib.

Kwong Sang Heng 956. Wing On (HK) 62b. Wm. Powell, Ltd. 93n.

MISCELLANEOUS

China Entertainments Ex, Div. 15s. H.K. Constructions (0) 2.40n.

" (N) 130n.

Vibro Filings 11in.

Mursinan, Investiments 9/-n. Maraman, (H.K.) 73n. Shanghai Loan 1.90n. Yangtzes 48.

COTTONS

Ewok 2.85b, 2.90sa.

RUBBER, ste..COMPANIES, Alma Estates 15&n. Anglo-Dutch 30n. Anglo-Javas in.

Batu Anams 15n. Bute Plantations 45. Chemor United .50b. Cheng Rubbers 15b. Consolidated Rubbers Zb.. Dominion Rubbers 130n. Kota Bahroe 50b. Krotoweek Javas .15b. Langkats in.

Repah Rubbers .20n. Rubber Trusts 22n.

Samagaga Rubbers 85b.

Semambu Rubbers .20n. Shanghai Kedohs 41b, 49%. Shanghai-Malays: 10.n. Shanghal

hal Pahang .65b. Shanghal Sumatras .800. Sua Manggis 10b Sungel Durls 17.-b. Tanah Meraha 55b, .65. Tebong Kubbers 18b. Ziangbe Rubbers .500.

Money Market

US dollara opened

at HK$0.27% and dropped

$8.2014 at the close.

yesterday to i

I was put through from

HIC$4.82 to $0.98.00

Sterling dropped Ave cents to HK$15.40.

Australian pounds were higher at HK12.95.

Plastres were unchanged HK$11.80 100 nominal,

at

Ad-

ministrative Committees for the Rupees (India) : . area described the territory con-

02 1/4 cerned as "having entered the stage

with of peace,

various

spheres of work reaching

Unilication,

although certain military tasks remain," Main emphasis of restoration this year would be on

Industrial

Fight Industry-textiles, all,

Rupees (Aden) :

82.1/4

New York Stock Exchange

New York, March 29.

Radio-television stock far! outdistanced a slowly rising market today. Closing prices were best for the day in most

cases.

Advances in the TV group ranged to more than two points. Trading was heavy, especially in Radio Corporation and Zenith Radlo. The balance of the mar ket moved ponderously and show- ed a slight tendency to rise. But gains were mostly below a point. Turnover was around 1,000,000 shares for the full session,

Dow Jones averages; Stocks

Kinimua Buring 20 Industrials

81 1/2 O.D.

*3 3/4 60 days.

83 7/1 90 days,

83 7/8 O.D. if under

IV/Cradli.

84 0.0. without 1/Credit.

84 1/2 30 4 10 duzu.

four, paper, sugar, tobacco, pol=| Rxpess (Rangoon): tery, lather and fur.

*3 7/10 T.T.

83 11/10 0.0,

General Electric

Goodrich

Goodyear

Motora

AMERICAN. PRESIDENT: LINES

The Global Fleet

TO HONOLULU & SAN FRANCISCO

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

via JAPAN

......................AT. Apr, 13. ...................... Arr, Apr, 28, . .............Azr. May 2..

Salls Apr. 14,

Sails Apr. 20 Salls May 3

TO SAN FRANCISCO & LOS ANGELES

via JAPAN President McKlulcy"...Art. Apr. 13. ...Arr. Apr. 4

"President Harrison"

Salls Apr. $ Salls Apr. 13

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

"President Johnson” "President Fillenoro"

Art. Apr. 15 ....Arr. May 13

Salls Apr. 18

Salls May 14

ROUND THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, „PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTOŃ

"President Montoo"

Arr. Apr. 5 Sails Apr. "President Buchanan"...... Arr. Apr. 16, Salls Apr. 18

RBY BL

7

BEN LINE

FROM THE ARRIVALS

FROM .U.K. vla Singapore,"

DUE

Stat Mari. tet Apr.

on of abt, 17th Apr.

20th Apr.

75.15. 209.50.

15 Rolls

55.24.

1/20/32 TT.

1/2 16/18 O.D. 1/2 11/31 80 days.

10 Uulitics

43.25.

TO JAVA & STRAITS

Closing quotations:

12 Gỡ A DO days.

Adams Express

"President. Fillmore"

.....Arr. Apr. 8

Sails Apr. D

2214

1/8 1/2 120 days. 8 Affirm):

Alaska Juneau American Can

2%

St. George's Bldg.

Tel. 28172/5.

118

1/8 8/16 O.D. I under

L/Credit 1/1/16 0.8. without

L/Credit 1/22nd up every

P

Smelting Telephone Tobacco Waterworks

51

155

70%

11

Anaconda Copper

28-

Starling (W Africi & W Indies);

1/2 13/16

1/2 9/16 0.0), under

1/Credit. 1/3 1/4 D.D, without

L/Coalit 1/12nd up every

Aviation Corp.

7%

Baldwin Locomolive

9%

Barnsdall...

Bendix Aviation

424

Bethlehem Steel

3474

30 days.

Boeing Aircraft

274

Borden Co.....

5014

Canadian Pacific

144

R3 1/4 T.T.

J. 1. Cast

43%

R3 6/7 & 30 day.

Chrysler

68

Colgate

44%

Commercial Solvent

Corn Products

70

Du Pont

68%

Eastman Kodak

46%

40%

77-11

SHIP "DENLAWERO"

"BENVANNOCH"

84%

5134

"SENATTOW”

"BENNEVIB"

26%2

"BENCRUACHAN”

Tel & tel

1214

"BENWYVIB

"BENCLEUCH"

"BENVORLICH"

"BENARTY"

57 7/4 304 Gỗ days.

"BENMACDHUI"

and

Metayat

"DENALDER"

82 5/8

63 179 TT, & QE. 53 14 20 days,

1274

Packard Motors

SAILINGS

Pan American Airways

011

17/7/16 TI, & 0.0.

Pennsylvania RR-.

174

17

"BENATTOW"

201

"GENCLEUCH"

30

"BENMACDHUI"

зам

"BENVANNOCH"

44%

"BENNEVIB"

38%

"BENWYVIB"

53

"BENARTY”

23%

"BENLAWERS"

Oil of Calls.

60%

Oll of N. J.

EDX

"BENCRUACHAN”

BENVORLICH"

29%

"BENALDER”

29

Carbide

44%

42

42

#

Sicel Lines

324

18%

28%

34%

811

17%

82 1/4

In heavy industry attention would be concentrated on production of iron and steel and non-ferrous metals,

the

27

BE 10 10 4 1 30 193

81 18/16 30 days.

84 3/16 90 days,

57 11/10 T.T.

87 3/4 0.0.

Agriculturally, there would be apres (Pakistan): an increase in products such as colton, ten, peanuts, tung oll. hemp, tobacco, sugar-cane silk.

The broadcast further said that to ensure economic rehobill- tation, communications, transport U.S. Dollars: and commerce would be restored without delay.--Reuter.

Malta, March: 28. Princess Elizabeth arrived here.

5 to 60 days,

17 1/2 30 days.

· 27 9/16 60 à 93 daru.

19 3/16 TT. & O.D.

1/6 3/4 T.T.

17 1/4

Canadai

18 76/16 Australia:

1/6 7/16.

1/8 18/18 O.D.

Duke off

New Zealands

1/2 13/16

1/8 1/10 TT,

1/1 1/8 G.D.

by air today from London to visit her husband, the

| Edinburgh, who is serving in the

Mediterranean Fleet.-Reuter,

Homestake Mining

International Harvester

John Munville

Kennecott Copper Montgomery Ward National Distillers

New

Lead

"York Central

Radio Corp.... Remington Rand Republic Steel

Reynolds Tabacco Schenley

Seara Roebuck

Shell Oll

Socony Vacuum

Southern Pacific

Standard Brands

Budget debate in legislative council Studebaker

(Continued from Page 11)

Ble Alexander referred to an editorial lu one of the papers which represented the unofficial members the opposition, which he sald is incorrect, It is not surrvel, for instance, to say that the offfelal toetsbera, because of their 773- -jority,—would, steam-roller- thaugh ——any

propen brought

Government up by That in Inet does not happen, and the fullest consideration k always given to the view of the shametals, so was pro ven by the apesch of the 'Financial Se cretary on the budget,

Partners

"Rather I would liken the tnomical

the

members na being partners with afficlal membera în'the' Government,” súd Bir Alexander,

"Perhaps the analogy might be. that the unoffelul members are the spur, or the check rein, where s spur or check rein is required: and I leave it to your imagination as to who the animal is. 1 would not, however, be a Taco hotee," (Laughter).

clude the application of the Ordinance from any particular tenancy. For in elance a proposal is made that no agrem ment le to be effective unless a verified

US" Rubber

copy. Ja filed with the Quarterina Westinghouse

Authority.

was lifeless. U.S. governments held steady in over the counter dealings.

Youngstown Sheet & Tube *"Pensible nuggetions for the improvÕ- Gen. Pub. Utilities ment-of-the-Landlord and Tenants The corporate bond market Ordinance are always welcome.* It la legislation of general interest and Impor Lance, it is also leglilation which la R frequent cause of complaint, but such complalata we seldom, if ever, accom- Danied by feasible suggestions for Im- provement."

The Attorney General text' demit with complaint voled by Mr. G. & Terry over delay in giving legislative effect to the Abercrombla Report. Xr. Terry sald present haphazard development was in dering adequate and proper town plan. Ding

Mr. Grifin drew attention to the pro- lovinary planning report which stressed the seed of preparing and working out » definitive plan. As to this recommenda- - ilon steps have been taken by Govern«. The Governor then referred to his nment, and reference was made by the dress to Council three weeks ago, when Governue la ble addres: to "Council on he gave me the reason for Government's | March 2. conservativo budgeting, the

momechat

| uncertain future of trading prospects in

the next 12 months,

figures

the

Preparation of this definitive report in

the burla on which fukuzu Jezislation will, and should, be, deaftal. Unill this repart la completed, all Government departments will apply the recsesmendations in so far Can this can be done, under the existing Jaw, and na regarde land which has not been alienated.

“It also said that certain warning sine or signal were evident In falling off of certain heads of revenue. Since then we have had aunther warne Ing sien In' the publication of the trade for February. These Agures show a drop of. 20 per echt over fitures of the previous month. Ads | mammination of the position has already | milineily the China New Year occurred | been conducted to discover bow far the in February, but the falling off was spoutvelives Indiosed by Mr. Terry can be „preciable, and we'must take account of ¦ attained either with the aid of eslating

thewa #igns that are given to us.

Legislation or by the preparation enactment of legislation specially design "1 hope, I sin care all menthoma will hope, that the Financial Secretary | od for the purpose.

Dificulties arise bere land has already the been alienated; and as to this aspect an

will prove wrong in his miranti for the fourth time in quocemion, and ibat

we shall end up with a substantial Bues

plus, Dub we cannot rockua" on that."

Bie Alexander then deaật with Ube question of the denial claims rulsed by Bl Man-kam Lo

DR. NEWTON

Mental Hospital'

and

Dr. I., Newton, the Director of Medical

"giz Man-kam saked for an pazurance | Bervices, replying to Dr.' 9. N. Chau's that no final seltlement will be reached. | criticism of the 'condition of the Menta) Eat the London Conference- without prior|| Höspital, muid by the nature of ita els

reference to this Council. "I gladly give | cumalansen the hospital that assurance."

THE ATTORNEY GENERAL

Tonant ordinance

Higher in the curb were Ray- theon Manufacturing, Standard Power and Light, Brown Rubber, Cities Service, Creole Petroleum, Electric Bond and Share and Kaiser Fruzer.

Marked down were United Light, Venezuelan Petroleum and American Potash and Chemical. -Associated Press.

Cautious

note on steel issue

Cleveland, March 28.

In the midst of a highly productive period for the steel industry, the trade magazine "Steel" has introduced cautious note on the future,

Trado Authorlties, it said, ex-

the summer, but: pect no Iet-down until well into

strong eurrent market

for position, uncertainty business after mid-year persists.

Despite the

Industrial purchasers, while pressing for deliveries of cur- rently tight supply products, ara placing new orders cautiously.

*Labour developments. In the nuta industry are being watched steel needs have closely, cutbacks in must

any being anticipated in event Gen- visitor, especially whare the visitor dons cral Motors plants are struck." not have experience of mental cause, the · Steel mills have completely majority of whom belonged to the recovered from the coal strike.-| fractory wards.

Associated Press.

somewhat

prison-like effect

DE

wasn

NOTICE TO CONSIGNEES

S.S. *PATROCLUB” U

"

ex this

Referring to Dr. Chau's proposal that a: 'commissions of 'inquiry, should appointed on administration of the hose The ·Attorney Generál, Mr. J. D. pital, following the recent death of an Griffin, referred to sinuzzosilon pot fami{ trinate, Dr. Newton uid a full coroner's ward by Mr. M, M Watson It For Inquiry was bald,vnaniated by a fury. All for En amendment to the Landlord and | avaliable facts were laid before the court, Tenant Ordinance to make it perminals, and xi,no Einsa" during the Inquiry did Damaged cargo ble-for landlord and a tenant to enter the coroner or any member of the intz, Vessel will be surveyed at into a grant reading pressthat the "dialeration of the Holt's Wharf between 10 am. „which" are, within the-protection of. The bospital was at faulk AN Ordinance on the beals like such ** 175. Dr. Newton then explained that hoaps and noon on March 30 and 31, fal attendanta, wwww wwnerned and he 1950, and consignees are: res mlope had, broome de-controlled; Cocable, mazkention v kad bus Inerranty spoke of thate difdeulty is couirolling quented to have their repro- SHIP MOVEMENTS Mill to an amendment to patleista, specially boiledel maison,sentatives present during the the, principal, Ordinasien, but † den, to and of Inevitable injuries, amelrek, tags.

BUNDY By Cotuplaleta, kunde, by, Mr. Leo: d'Almada i chys

Ticals at HK$37.50 a 100 were unchanged.

NEI niffered further drop. Opening at HK38.

- 100, the closing rate wAB. $71"

Tho a Trade Wind Voy. 34 12'] dun to arrive here at 8 n.m. today.

She will be moored to Buoy A

Gevaramont, side" siw manizmuste pens on the panitary conditions of the war BUTTERFIELD & SWIRE, SERIES ON SHARE

Agenta.

for discharging/loading of hory last of the very mong mult Mậ

The

is expected to fall modsitions" shall

for Okinawa, tomorrow afternoon, i jere. Se an ACTONBERİ

asasured: by Dr., Herion" yha'aduflafond

and inermann frvad ju thom pin Hong Kon wan bah ́s problem, that could be solved

(1030)

London, Antwerp, Rotterdam, Hamburg

■ Hull.

Qancs,

Avonmouth, Rotterdam,

London, Hamburg & Hull.

Liverpool, Glasgow, Dublin, Havre, Ant-

werp Rotterdam.

"

20th Apr.

9th May

11th May

27th May

sth. June

11th June

25th June

Loading on or abt.

21st Apr.

16th May

15th June

3rd Apr.

26th Apr.

12th May

10th June

3rd Apr.

3rd May

•

30th May

29th Juno

Via Malaya, Colombo, Port Budan, Aden, and Buez Canal,

#Accepts Cargo for LE HAVRE,

† Accepts Cergo for, Japan,

For Further Particulars, Apply To--

W. R._LOXLEY & CO. (CHINA) LTD. Agents

York Building,

Telephone: 34165.

THE EAST ASIATIC CO., LTD.

M.S. “KVERNAAS”.

LOADING 311⁄2 MARCH

for

ADEN, PORT SAID, TRIESTE, 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

SAILINGS

Direct to Los Angelos, in 16 days Thonce San Francisco, Vancouver, Seattle & Portland M.S. "CASTLEVILLE" Loading/Sailing 31st Mar. Home 30th Apr. M.5. “BOUGAINVILLE”.......

ARRIVALS FROM PACIFIC COAST

M.S. “SUNNYVILLE”

M.S. "FRANCISVILLE"

21st Apr.

22nd May

Salling to Singapore, Port Swettenham,

*** Penang & Batavia

M.S. "SUNNYVILLE”

Pasimngor Accommodation TO LOS ANGELES ONLY Chinese Fraight" Agents - HOO FOOK PING

22nd

Bulk Oll Tanks

Apply

THE BANK LINE

(CHINA) LTD.

King's Building, Tel:27782 THE HANK LINE:: (China) Lt