1950-04-25 — Page 17

ROYAL. INTIH OCEAN

● SINGAPORE, JAVA

MACASSAR

PORTS and

"TJIBADANE"

*"VAN HEUTBZ"

"TJITJALENGKA"

• Only to S'pore, Penang & 6 dall

● MANILA, EAST &

SOUTH AFRICA &

"SOUTH AMERICA

"TJIBADAK*

"STRAAT MALAKKA"**

"TEGELGERO"

LINES

ARRIVALS SAILINGS

1h Port

2nd May 6th May

26th Apr. 0th May

11th May

In Part

18th May

• Not proceeding to South America

1st May

6th May

1st June

**Net calling Manila and accepting Cargo for East Africa.

& South America only.

JAPAN

"TJIBESAR"

"STRAAT MALAKKA"

4th May

30th May

5th May

16th May

"TEGELBERG"

Agents: HOLLAND-EAST ASIA LINE

• EUROPE vio MANILA

and MALAYA

"MEERKERK"

"RYNKERK"

"LANGLEESCOT"

Through, B/L

Mediterranean and Northern

European ports,

JAPAN

"MEERKERK"

"RYNKERK"

"LANGLEESCOT"

!alued

ARRIVALS BAILINGS

12th May early June

to

6th May 1st June early July

5th May

18th May Early June

31st May early July

KING'S BUILDING. TELEPHONES: -2015 30 28017

CHISELE VENTS- 91. POSSADŠÍMI ROAD, G. TILS: 30%, 23441

THE RIELS

ISTHMIAN LINE

(Isthmian Steamship Company, New York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA

"STEEL ADVOCATE” "STEEL SURVEYOR" "STEEL EXECUTIVE"

Tanks available for Bulk Oil.

.12th May 22nd June .23rd July

SAILINGS TO SAIGON, BANGKOK & DJAKARTA (BATAVIA)

"STEEL VOYAGER"

ARRIVALS FROM U.S.A.

"STEEL VOYAGER" "STEEL AGE"

GILMAN

Sails N. Y.

.30th Apr.

Sails S.F. Due II.K.

· Balled Sailed

20th Apr. .23rd Apr. 25th Apr. 16th May

Co.,

LTD.

Tel. 31148

Chinese Freight Agenti:-IN FAT & CO., LTD. Tels: 20828,-25553--23483.-

'THE WILLS

ISTHMIAN LINE

(Isthmian Steamship Company, Now York)

S.S. “STEEL ADVOCATE”

LOADING 11th MAY SAILING 12th MAY

FOR

LOS ANGELES & NEW YORK

via PANAMA CANAL

.

Passenger Accbfúnodation Available. TANKS AVAILABLE FOR BULK OIL GILMAN

CO., LTD.

Tel. 31146.

Chinese Freight Agents:-MN FAT & CO., LTD.

Tela: 28823, 25553 & 23483.

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM EUROPE

ni.v. "TONGHAI”".

AV. BALP

In Port 4th May

SADINGS AD EUROPE

· 5th May 13th May

m. "HEMLAND"

m.v. "TONGHAI" m.v. "BA

""""LE,""%,

ADEN, PORT SAID, OLA

CASABLANCA, ANTH

HAMBURG, COPENHAGEN,

1st Jand

NGERS,

IENBURG

GILMAN & CO, LTD.

THE CHINA MAIL, TUESDAY, APRIL 26, 1950.

FINANCE

AND

COMMERCE.

ANOTHER UPSURGE

IN U.S. BUSINESS

ROLE OF WORLD BANK ·

Record

Naw

York, April 23,

d high steel production starfed à new, up- surge in United States business and industry the past week.

RECORD OUTPUT

With minor exceptions, notably in the retail field, favourable conditions prevailed on all fronts.. Thousands of stockholders of leading corporations attending Annual spring meetings were Washington, April 23.. The World Bank President. assured by the management that unless something.not now Eugene. Black, predicted to foreseeable pops up, they look day that the international for good business conditions to Jending agency will steadily continue into the summer and gain in importance as direct autumn months.

Giving solid backing to American foreign aid pro- grammes, such as the Mar-high level of business sentiment per cent of rated capacity last

this week were: shall Plan, come to an end.

OF STEEL

Cleveland, April 23. The national steel production the rate rose

two points to 100

Hong Kong Stock Exchange

I

The Market was y quiet. Office Ltd., Canton Insurance declare, a dividend of $15 per share frog of tax.

The Hong Kong Stock Excilange closed at noon yesterday, aga tmark of respect to the late Mr. P. Tester, the senior, Kleiber, of the Exclunge.net

H.K: GOVT. LOANS Loan 98b.. 31% Loan (1984 de 1940) 98b. 31% Loun (1948) 95b. DANKa.

H.K. & S. Bank 128Usa

(Lon. Beg:) #70in. Chartered Bank £9.3/10 Mercantile Bk. A. 68. £229.

Battle of East Asin 104. INBURANCES

A boiling stock market that week, equivalent to 1.900,207 refused to stay down-despite re- tons, Steel magazine reported He discussed the Bank's role in peated selling drives, sustained today

is based On annua Canton Ins, 315. world affairs in a ratio Interview. rate of

This Industrial production

of 09,392,860 tons Union Ins, 505h. equalling the best marks since capacity

in 1949 was 90,120,030 China Undervriters in. In the meantime

the Bank last autumn, numerous extra or Cord in 1941 it was 81,619.-11.K. Fire Ins. 2001

dividend Issued a financial statement show-thereased

payments, tons

SHIPPING Ing that it has made a total of 24 highly favourable trend in cor-406 tons.

Production over the next fey Douglasen 200h. reconstruction and development.porate earnings in the first quar

M. Steambosis 1in. orders, months will break all previous 1.K. loan totalling $744,145,000, since ter, pick up in new it was established at the Bretton especially machine tools, and new recurds, except for possible ton-fado Chinus (Pref.) 89..

of holiday because

(Del.) 200 Woods conference of 1944. Of the four billion dollar Government nage loss

Shells: Bearer) 61/10jn.:' total loun commitments $594,- bunkroll to spur the booming curtailments," said Steel. 080,280 were already pold out, building industry to greater Third quarter Bookings on U. Waterboats Ex. (Div, 24s.

The Bank's net income during things.

other thum light, flat rolled Agla Nav. 05. the nine months ended on March

Chief worry spots are rising tonnage from regular customers 31 was reported at $9,850,860. unemployment, spotty retail are expected to support steel. & R. Wharves 90 Mr. Black said the Bank was irade, stendy rise in consumer making close to capacity well into North Point Whary

Shy, Hongkew Wharves lüh never meant to meet the emer- debt, rapid decline in exports, August.

"A stormingly insailable dc-ik. Dock's 11.20. gency situation which prevailed falling tax collections at time

China Providents.10in. In Western Europe after the war when cost of Government, is going mand by the ear industry plu and it was necessary to lunch up and decline in capital outlays | pressure

nily:llaneous Shanghai Dockyards 3.704.

Wheelocks MINING

200;1 the European recovery

for plant expansion and moder-manufacturing and building, or gramme to All, the gop.

nisation.

calling for steel in increasing demand."--Assc-clated Press.

the

pro-

Steel rotord

of

**

97.8

WIB

Motor car output increased to 140,855 from 147.240 lost week and 141,582 a year ago.

from

STANDARD OIL EXPANSION

Decks, Wharves, Godowns, Etc.

5:00.

Haul Mines

H.K. Mines

Lands, Hotela & Bidi.

H. & S. Hotels Un.

H.K Lands 401.

S'hal Lands 1.:0b, 1.106, 1.200.

Humphreys On.

11.K. Resitler 2n.

Chinese Estatee 124n.

PUBLIC UTILITIES

Ife said, "The Bank was created to meet long terta needs which will remain in Europe when the The week's operating rate in present emergency is over. As steel mills was 100 per cent cutbacks *tske

compared place In the capacity

with amounts of uid provided througli last week and 98.4 a year ago. the ERP It is logical to assume Tonnage of 1,908,300 was highest that ERP countries will look to in history. Previous peak the Bank and to private investors 1,880,400 on March 14, 1949. of principal sources foreign capital they need for sound long-term investment pro-

New York, April 23.. Icets."

Engineering construction con- The Standard Oil Company its The Bank is placing main tracts totalled $183,708,000 (New Jersey) said. In emphasis on development loans, against $177,081,000 last week annual report to 215,000 stock. Lights (Old) 12.188.

Standard and he forecast that President and $107,022,000 a year ago.

(New) Br Truman's "Point Fuur" pro- A sharp

Increase in bank holders that the

Vacuum Oil Company expand-H.. Electrics 241. gramme will make it easier for clearings and demarid deposits the Bank to do its job by provid- and substantiul decline it louns ed all its activities from the Mieto Electrics Ex. Dlv. 185. ing well-planned projects

by banks are the principal changes Philippines to East Africa in Sidukan Lights 8an. technical skill needed

carry on the financial side of the ledger. 1940. them through.-United Press. -Associated Press.

to

and

Amazing recovery of West Germany

Frankfurt,

April 23.

Germany's recovery in the first two years of the Marshall Plan was today described as almost phenomenal by Mr. Robert Hanes, chief of the Economic Co-Oparatión Administration's -(ECA's)-special-mission-to-Germany,-

"Crude production, many from the fields in Southern Sumatra," the report said, "averaged 61,000 barrels a day the hig

highest in the History Cenipuny's

The section of the report that, dealt with Far Eastern activitle

of the Company sald: "New wolla were dri

ere drilled. in Central Sumatra, and

Nev

H.K Tramways 11b, 111.90s.

"

Peak Trams (Old) 18n.

(New) in. Star Ferries 70n.

Telephones 14. Shanglar Gos in,

INDUSTRIALS Culd. Macg. (Ord.) 20A, Canton Ives Cejmunts

H.K. Ropes STORES dc.

Dairy Furnis 856, 861s..

Watsons Ex. Rights 206, 248. 1. Crawfords 22:1.

exploration and developmen,

Sinceres 3.800. work was continued in the China Emporium_106. cently discovered fields of

Sun Co., Ltd.

Ltd. Zin.. Guines.

Kwong Sang Hong 101th. "All the Sumatra crude oil wa

Wing On

(HK) TOS processed in the company's, Wm. Powell, Ltd. Sin.

MISCELLANEOUS finery at Palembang. In addition, tp ttils refinery, Standard China Entertainments 14n. Vacuums began lis first refining

ConstrLotions (D) 2.40n. ning H.K.) in Austrails where a new activity

Lubricating-c}}-and-asphalt piani vile B

Ewas 2.900.

COTTONS

Mr. Hanes, who is also leased by the ECA Mission here, was placed In operation near Marsman,

The ectopany als Marsmail, (H.M.) :75n. economic advisor to the Amer- on the second anniversary of the Melbourne.. icon High Commissioner, Mr. first ECA shipments to Germany acquired majority interests is the Shanghai Loun 1.8UR.

two refineries in Japan."-Asso-Yangiszes 360n. James J. McCloy, stated that in April, 1948.

"The rate at which German ciated Press. the West German Government industry and agriculture has pro- reported the index of industrial gressed in the first two years of production to be al 100 in the Marshall Pion has been al- March, equalling that of 1986. most phenomenal", he said.

This, he said, was a rise of one i "It is beyond the expectations point over the previous month's of a great many of our top op- index, and 15 over March of the timists. This dramatic recovery

Washington, April 23, previous year.

t is a tribute, not only to the Mar- shall Plan, but to Germon, de-

Congressional expirts pre- termination, hard work and faith diet à U.S.$8,700,000,000 US. in the future."..

Government deficit for

Mr. Janes made his statement in an official announcement

ra-

NOTICE TO CONSIGNEES CONSIGNEES FEB STATES STEAMSHIP COMPANY

5.5. "MONTANA”

U.S. DEFICIT

the

RUBBER, etc.. COMPANIES, Alma Estates 15km. Anglo-Dutch :30. Anglo-Javas n

Batu Anams 15m

Bute Plantations .50h, Chemor United .60s. Chang Rubbers.:10h, Consolidated Rubberk Isb. Dominion Rubbers 1.30h,

Hold Bahroe. Sub. “

Mr. Hanes statement tame year ending June 30. This was three months after he sent a US$1,200,000,000 more than Kronwloek Juvas 156. report on the state of German President

economy to

... Harry

Truman's Langkals.It.

the EDA headquar

Padang Bubbers 10m tera in which he accused the January Jestimate.

The foretasl, from the staff, of Repan Rubbers 105 German, Governinäht. of A laissez-falfe and defeatist at the Senate-House Committee or Rubber Truits 296.

révenud taxation was

Rubbers €56, titude in toping with its done. internal

Rubbers, 106. mlo problems malhly unem- given, to the Senate by Chairman | ployment, which at fist time Waller F. George, Georgia DeShanghai Houdtia B.

Shanghai-Malays 10,-n. ater hereby notified that their had reached almost 2,000,000, mocrat,

Bir. George said the statt also Blianghai Pat

Pahang 5. cargo is being discharged fatd In today's statement, the ECA the Hong Kong & Kowloon official said that, since 1948, when belleves that if the spending at Shanghai Suhiatris .006.

Marshall Plan materials first be fixed. In the Fréaldent's budget Sun Manggis 10b. Wharf & Godown Co's godown) gun to flow into Western Ger- message is approved by,, Cón-Suhféi Duris. ¡b/-ï. Tanah Merahs .50b, Government where it will be at consignees many, industrial production gene-grossi, the risk and subject to the What's rally doubled. Steel dufplat and into the reli ly US$7,500,000,000 Zebens Rubbers 100.

1. Zlangbe Boli. terths and conditions of storage, vehicle production, both of which in the year, starting

the Senate delivery may be hit post-war records last month,

Mr. George that

took Into the Committee increased more than 400 per cent.

the disappotting Eollec In agriculture, basle crop pro- account

aface January thic

and where obtained.

180

Money Market

Damaged packages are to be duction surpassed all estimates, tions, especially from individual US lollari weakened yesterday, left in the godowns for ex-due in great part, the statement Incolnd amination by: Consignees and said, to excellent crop returns, to year..Tho staff, he said, assumed and dropped. . HE38.10 16 the in Hatiphal Hiedme afternoon, after opening at 16.18. the Company's surveyors; the past two years.

The statement, stressed that would.5 153212,000,000,000 in The closing rate was 10%. and

TT opened of HR46.24 Messrs. Carmichael & Clarke et 10 a.m. on April 27, 1950. unemployment, however, is still the chionidr year of 1930 and.

serious-Reuter. 4

drop to a rate of US$207,000,- closed at $6.20,

Sterling was stationary 900,000 in the first six months of To comply with the General

1001.-Associated. Fries. Bonded Warehouse Regula- Hora, consignees, must havÓ - D Revenug Officer in attendance when-damaged dutiable goods are examined

*** London, April 237 The Pakistani Finance Minister, Guluni Mohnutnéd, arrived In London by alk from Kätdeli to- day-United Press.

NOTICE TO CONSIGNEES 8.8. CHANGTE)

COPRA EXPORTS BY INDONESIA

April 23 Indonesian copra Exports for March 'lolalled (10,34), Jong tons. Depurinient of neegrding to Agricultureely t

Although larger than the Damaged cargo ex tifs Vessels shipped during February, the will be surveyed by Messrs. The trade.conuttuer Lar below the presented to Goddard de Douglas at Hong average monthly

No claims will be admitted after the goods have left the steamer's godowns, and all goods remaining undelivered after April 28, 1050, will bo subject to renteiga p

İstenmar „Inukt

arrived 23.1.50.

the

at

Atrevent bounds.opened at i

HK$12.05, and clossi di #17.60.

Plasires opened -at- HK$11.80 à 100 and closet at $12.50.

Ticals

ware HK$20.50 166

NEI: Gullders opened HK$5 and closed at Liko 100.

· TUNG OIL FOR ALL AMERICA

Wahlston, in

The U. 5. Imported

the underlined on or before, Kong -de Hoyglóon. Wharf from 19890232re short tona” ufusting o

May 6, 1980, or they will not be recognised.

effecte

No Fire Insurance will be

A COL ETDİ

Indoticalan

10 am on the 20th and 27th April 1980 hi edistance res nistories.cuting

2010 the Department ના ઝાડી came to the 1948 imp

presentatives are requested to: 9375 tons; the Department aid, and due

"Aurinf the survey

feet low dia, die! Kalebariem in getting the oft out of cal

The

Department a

China, usually supplies how per cent of th

3500% tora: ments' but läät fabrik Bad 07KEMI MEREKA 2117 270,000 mince than

#2,500

ring“.

the diobat meet

TO HONOLULU & SAN FRANCISCO

"General Gordon”.

"Präsident (Wilson"

"President Cleveland"

via JAPAN

M. SA

Atr.-May

2

Salls May

Air. May

3

Salla May

Att. May. 28.

́SHIJ MAY 29,

TO SAN FRANCISCO & LOS ANGELES

vio JAPAN

.Arr. Apr. 20 Saili Apr. 30 "President, Taft" "President Madison"

8 Att. May

Salls May *Calling Taķu Bar & Tsingtao

TO NEW-YORK, BALTIMORE & BOSTON vio PACIFIC COAST & PANAMA

"Provident Filhnort" "President Tylor"

9

Air, May 13

Salls May 14

Arr, June 10

Solls June 11

ROUND THE WORLD-

WIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, FORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTOŃ

Arr. May 1 Sallu May Arr. May 10

"President Harding'",

3

"President Van Buren"

Salls May 17

TO JAVA & STRAITS

"President Tyler".

Arr. May 7

Soils May... 8

St. George's Bldg.

Tel. 28172/5.

BEN LINE

BHIP

*BENNEVIS" "BENGRUACHAN”

"BENCLEUCH" +"BENWYVI8"

"BENVORLICH" "BENARTY" "BENMACDHUI" "BENALDER"

ARRIVALS

FROM

1.K. via Gingapore.

SAILINGS

DUR

29th Apr.

30th Apr. *

on or abt. 11th May

LONDON, Antwerp, Hamburg Rotterdam,

13

14th May

27th May

8th June

11th June

28th June

Loading on or abt.

#BENATTOW"

BENCLEUCH" "BENMACOHUI"

In Fart

TCH MÁY

& Hull.

15th June

Ganoa, Liverpoot, Avon-

"BENNEVJS"

mouth, Le Havra, ä Hamburg.

80th Apr.

A

"BENWYVIA" "BENARTY"

BENCHUACHAN”.

"BENVORLICH"

"BENALDER....

Gaños, Avonmouth;i London, Rotterdam,

Hamburg & Huit.

17th May 10th June.

Liverpool,

Glasgow,

3rd May

Dublin, Havre, | Ănj.

30th May.

29th June

werp & Rotterdam.

Via Malaya, 'Colombo, Port Sudan, Aden, and Suez Canal.

† Accepts Cargo' för Japan.

For Further Particstars, Apply To—, W. R. LOXLEY & CO. (CHINA); LTD. Agents

York Building.

Telephone: 34165. ·

SWEDISH EAST ASIA CO.LTD

" HEMLAND

LOADING 5th MAY SAILING 6th MAY For

ADEN, FORT SAID, GENOA, MARSEILLES, TANGIERS,

CASABLANCA, ANTWERP, ROTTERDAM, BREMEN, 'HAMBURG, COPENHAGEN, OSLO & GOTHENBURG

33.8451-79.

GILMAN

*

& CO., LTD.

Tel. 31148.

HOLLAND-BAST ASIA LINE

S.S. "MEEKERK" LOADING 5th AND 6th MAY

FOR

MANILA, SINGAPORE, COLOMBO, 'ADEN, SUEZ, PORE SAID. ALEXI BIA GENOA, MARSEILLES, KOTTERDAM, AMSTERDAM, HAMBURG NHAGEN, GOTHENBURG and OSLO

ROYAL INTEROCEAN LINES