1950-06-10 — Page 14

FROYAL · ENTEROCEAN JINIS

@ SINGAPORE, JAVA

PORTS and

MACASSAR

"TJIBODAB**

"TJITJALENGKA”

"TASMAN"

"VAN HEUTSZ

"TJITJALENGKA"

not calling Blagapore

ARRIVALS SAILINGS

11th June

In Port

11th Jung

28th Juno

30th June

26th June

9th July

*only to Cingapore, Penang & Ges. Dell

MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"TJISADANE" •

"FERLAGE"

"TEGELBERG"

"TJIKAMPEK"

"RUVS"

In Port

1st July

13th July

10th June

20th June 6th July

2nd July

2nd July

6th Aug.

at calling Manila and eading on '14th June only ** not calling South Americn

JAPAN

"TJIBADANE”

"TJIBODAS”

"TEGELBERG"

12th June

4th July

In Port

13th June 18th June 19th Juna 16th July

"STRAAT BOENDA"

"RUYS"

3rd Aug.

Agents: HOLLAND--EAST ASIA LINE

♦ EUROPE via MANILA

and MALAYA

"RYNKERK"

"LANGLEESCOT"

THE CHINA MAIL SATURDAY, JUNE 10,,

10, 1980.

FINANCE AND COMMERCE

ANGLO-AMERICAN OIL | New York AGREEMENT REPORTED

Hong Kong Stock Exchange

Now York, Juju 8.

Britain has reached a tentative agreement with two American oll companfør under which the companies would sell Iraq oil in the sterling area through British concerns, subjeer to British taxation, the Journal of Commerce reported here today.

The companies, the Standard Oil of New Jersey, and the Socony-Vacuum, would remain free to sell oll obtained in Irag outside the sterling area for whatever currency they could get, in competition with British companies.

Iraq oil is British-produced,† but the two firms hold a 20,7: interest in the British Iraq, Company.

Money Market

Stock Exchange

far (1

New York, Juno B. Demand, for top quality stacks carried the market gentrally t around a four-year high toljay. Some stækk' sold at peak pifices

21 уката. Buying

faltered somewhat In the afternoon but revived in the closing minutes. Nuntaris Iskuer closed at the best quotations at The market right through the

the day. For the market gen. current week has remained very firm, and early Indecision latterly

erally, advances were held at a doveloped into considerable buy-

point or less although there were Ing strength. The market closed

some strong exceptioris,

Radio telovision al the best level for the week,

ision shares did pet- with buyers predominating.

ter than average, ns did a hand- pisked group' of ritirond stocks, Shanghal Docks and Ewo Col-

which fell back tons have taken considerable

General Mednesday after Tues- The proposed agreement differr US dollars, hit another jump in price, reflecting a better widely from the recently devised tow yesterday when they dropped day's sentational advance, again

title on view of the situation in the North.pact between the British Go-to HK45.04. On Tuesday they

had trouble Ketting aliead. Standard were down to $5,95, but next issues with the privilege of con- In the bond market, utility Vacuum Ol Company, a joint day they recovered to $0. subsidiary of Standard Oil #d

The market opened yesterday Veralon into common stock were Socuny-Vaumum, the

weak at, HK$5.00, but it was; gain popular. US. Covernments not until the afternoon that it held steady. feil.

Dow Jones averagest Stocks) Transactions in TT opened at 78.77 20 Industrine 225-52, 10.03 and closed at $9.98.

Rails

10 Utilities 43.73. 55.74; Sturling opened at NIK$16.28| Closing quotations: und closed at $10.25,

Adonis Express Australian pounds were sta={ Alaska Juneau 40-cent drop tlonry at HK$11.80, which is a¦ American Can 'compared will last work.

R

H.K, GOVT, LOANS

als Dann (1934 & 1940) ORD,

Lama (1993

ARRIVALS SAILINGS

* Iwat JANI,

15th June

14th June

Darly July

15th July early Aug.

3

Mediterranean and Northern

"MARIEKERK"

Through D1/L fatues

European porte.

JAPAN

"RYNKERK”

"LANGLEESCOT”

"MARIEKERK"

14th June

14th July early Aug.

18th June Early July

DE KING'S" HUILDING, STELLPHONESI: 28015 TOU28017:

"CHINE SLOAGENEST BLEONSABIGALE, ROAD,, 6, 4115, 31996; 29Jai p

..

THE

ISTHMIAN LINE

(J-Uhminn Steamship Company New York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA "STEEL SURVEYOR" "AKTION"

Tanks available for Bulk Oil.

22nd June

„24th July

SAILINGS TO SAIGON, 'BANGKOK &

DJAKARTA (BATAVIA)

“STEEL SEAFARER"

"STEEL ROVER" "STEEL ADMIRAL"

ARRIVALS FROM U.S.A.

Sails N. Y.

-STEEL SEAFARER” *STEEL ROVER”

STEEL ADMIRAL"

Sailed

24th June

.16th July

16th Aug.

Sails S.F. Due HK. Sailed 24th June Sailed 24th June 15th July 7th July 25th July 15th Aug.

GILMAN & CO.,

Tel: 31146

LTD.

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

Tels: 28823, 25553 & 23483.

ISTHMIAN LINE

(Isthmian Steamship Company, New York)

S.S. "STEEL SURVEYOR"

LOADING 21st JUNE

SAILING 22nd JUNE

FOR

LOS ANGELES & NEW YORK via PANAMA CANAL Fassenger Accommodation Availablo. TANKS AVAILABLE FOR BULK OIL GILMAN

CÒ., LTD.

Tel. 31148.

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

Tels: 28828, 15553 & 23483.

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM EUROPE

BANKH

IK. & S. Dank 1260b,

Then, Bew. £TAL, £701in. Clogtered Bank £0 3/14n, Meren Book

Herds A. & 11, 221. East Asia E014s,

INSURANCES

Fantra Inr. 27.

Brama lux, GOND), 6509, 342PL ASSA. China Undey writers 30.. IK. Fise Tus, 2000.

Dogtown Janua

OPPING

K. M. Steamboats 11st, belo China (Prof.) Ex.Div. 8515n.

(Def.) Ex.D!v, 170n.

Shells Bearer ExDir, 67/2.

Union Waterbonts 180.

Aala Nav, bb, €1ysu.

DOCKS, WBARVES, GODDWNS, Ele JLK. & 8, Wharves Sun

North Palot Wharves 6.COM. Shaophul Bongkow Wharven 10n. ILK. Dorks Un.

Clown Provident 9.09.2000. Shanghai Bockyards 22296, 3.13.20x0/ Wheelocks #1.

MINING

Rack Size 4.700. H.. Mines „41fan."

LANDH, HOTELS & BLOGS,

H. & A, Hut 1. Ell IK, 17h,

Shangtel Lods 1.200, 120A. Humphreya ta,

1.K, Relic Se

Chinese Fatales 12.

PUBLIC UTILITJES B.K, Tuwhys 19,901, 1.

Peak Tinns colly 150,

(New) Ps.

Star Ferries 6/3, UNA

A Lights 101 Ex.Div, 9.600, D.SEN.

(New) Bubly, n.don. HK, Eletries 2015, 2n, Macau Elettries 14in.

(New) 189.

(ar) 20270. Sulak belt in. Telephons 111⁄2b. Shanghai Gins 150m,

INDUSTRIALO

Cald. Mure. (nd) Layton Teen 34ện. Cementa 10,800,

STORES, Fle,

Dairy Farms X.D., 1. & R. 12%, 12.a.

HUI in.

Watsons 3b. 2015, 2014,

1. Crawford an Firecres 1.300.

China Emporium in.

Sun Co., Ltd. 1.70n.

Kwong Sang Honig 6008. Wing On (ILK,) 00n, W, Powell. Lkl. $.

MISCELLANEOUS

China Entertainments itn.

K. Constructiona (Old) 1.8Gb.

Vilaro

(New) 1.300. linas 115.

Majamas Invysimentar P/-n. Dingeman (HK) AGD, Shanghai Bonn Bob, 1.10. Younes n.

COTTING

Ewes, Job. t.Jinu.

RUNNER, etc, COMPANIES Alma Estates 13. Anglo-Dutch 10. Anglo-Javas 15. Batu Anama 12b.

Bute Phantations 4715). Chemor Unlied

in.

Cheng Rubbers 134 Consolidated tobbers ilib. 'Dominion Rabbéra' 1:80m. Java-Consolidateda öbb, Kata 'Dihroo Gib. Kenewpek Javus Jẩn, Lamakats in.

Padang Rubber - 19714%. Regal Raßßera 2186, Rubber Trusla 2.106, Enmaxaca Nußbers' ¡78n. Bemambu Rubbers 256, 454 Blanghai Kedaka 4bi 'Blangbal-Mainys 10p. “Shinghal "Pabaigo

Bungal'ummirid In, Ban Mazgicha: „1det. Burgel, „Burie 18n. Tanah Meraha 4745. Tebong" Ribbers ZEND. Zangbo Rubbeën: „801)

crament

Faid.

Find the

Journal

Under this revised pact. the Standard Vacuum's oil produs tion from Indonesia' war given "Sterling wil" status within the sterling aren.

The British Government, mure over, agreed to convert a share of the company's earned starting into dollars starling from 40 per rent in July.

The company, however, was not allowed to sell its off out. side of the sterling sterling payment,

area

for

Eosing of restrictions The proposal that the com pantes would sell outside the dierling area for storting if they wishet was described by the Journal as the first indleations uf an easing of the British cur- renty restrictions.

These now require

payments

in currencies other than sterling for American sales outside sterling aren.

the

It was understood that the American companies would have to return to the British Tronaur

dollars one-quarter of the cost of their Iraq oif sold in the

on-sterling area.

to the

The plan I subject United States Government's proval because of the factors. Reuter,

taxation

NOTICE TO CONSIGNEES CONSIGNEES PER STATES STEAMSHIP

COMPANY

5.5. "CHARLES E. DANT"

new

Piastres continued nominal at HK$12 a 100.

Tieals at HK$27 a 100, and NEI Guilders at TIK$2.30 a 100, were unchanged.

LONDON STOCKS

*MERICAN ESID

The Global Fleet

TO HONOLULU & SAN FRANCISCO vio JAPAN

"Gioneral Gordon"

"President Wilson"

"President Ciovoland”

Arr. Juno 19 Arr. June 19," 1. Arr. Fuly 14

Salls June 20 Balls Jime 20

Salls July 15

TO SAN FRANCISCO & LOS ANGELES

"President Harrison" *President McKinley"

via JAPAN

. Arr. June 13 Air, Juno 13

Sails June 13 Salls June 14

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

Arr. June 11

"President Tyler" "Williamette Victory" ............. Arr. July 15

ROUND-THE WORLD

Salls June 12 Sails July 10

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, PÓRT SAID, ALEXANDRIA; NAPLES, MARSEILLES, GENOA, NEW YORK. and BOSTON "President Polk"

Arr. June 21 "Marino Snapper".............. Arr. July

Sails June 22 Sails July 4

TO JAVA & STRAITS

................. Arr. Janis 18

Sails June 17

Tel '28172/5

"Wiĺlamette Victorý”

St. George's Bidg.

15

BEN LINE

23

11014

Sinelting

Telephone

LUD

Tobiero

60%

Waterworks

107%

Annenado Copper Aviation

3214

0%

Baldwin Locomotive

10%

Barnsdall

62%

Bendix Aviation

45%

Bethlehem Steei

381

61

154

SHIP

4416

DUR

"BENVORLIGH"

75

44%

"BENARTY"

U.K. vie Bingapore.

12th June

Solvent

1754

"BENMACOHUI”

13th June

"BENLOMOND"

on or abt.

17th June

827%

"BENALDER"

"I

26th June

"BENAVON"

2nd July

40

"SENVENUE"

16th July

"BENDORAN" "DENLAWERS"

29th July

0th Avg.

SAILINGS

Boeing Alteraft Borden, Co.

Cas Canadian Pacie

Chrysler

London, June 8, Prices of domestic issues frined under the lead of small, wide spread gaitus in Government bonde on the London Stock market to day. Austrian 4-14 per cent Colgate bonds lost ground on a report that Commercial Italy Intends to suspend interest Com Products payment. They closed at 61. Du Pont

Financial Times index 115, a 'Enstman-Koduk new 1950 high-Associated Press. General Electric Motors

NOTICE TO CONSIGNEES BURNS PHILP LINE

Consignees per Company's Vessol

M.V. "MERKUR"

Voy. GI Up.

21

Goodrich Goodyear Homestrike Mining International Harvester

Paper Tal & Tel Johns Manville Kehnetott Copper Montgomery Ward National Distillern

Lead

New York Central are heroby notified that their Pan American Airways

Packard Motors

cargo will be discharged into

Pennsylvania RI The H.K. & Kowloon Wharf & Radio Corp. Godown Co., Ltd., where it Real Silk will fle at Consignee's risk and Reinigion Rand

Steel

subject to terms and condi-olds Tobacco

tions of storage at The H.K.

& Kowloon Wharf & Godown Sons Ro Co., Ltd. The cargo will be, ready for delivory from Go-

1950.

́are · hereby" notified that their down-on-and-after-June-0 Largo is being discharged into the Hong Kong & Kowloon No claims will be admitted Wharf & Godown Co's godown after the goods have left the where it will be at consignees Company's Godown, and all risk and subject to the Wharf's goods remaining undelivered terms and conditions of storage, after Jume 14, 1950, will be and where delivery may be subject to rent. obtained.

Roebuck Shell 011

Southern Pacife Socony Vacuum

Standard Brands

Oll of Calif.

Oil of N. J.

Carbide

Studebaker Union Ba us Rubber P. Stool "Lines Youngstown Sheet & Tute Westinghouse den. Pub, Utilities

All claims Damaged packages are to be steamer must be presented to the against left in the godowns for ex- the undersigned on or before amination by Condignées and July 7, 1950, or they may not: the Company'a surveyors, be recognised. Messrs. Carmichael Clarke.

at 10 a.m. on June 15, 1950. To comply with the General Bonded Warehouse Regula tlors, consignees must have Revenue Officer in attendance when damaged dutiable good are examined.

No Fire Insurance will be effected.

this

3014

920

18%

*Associated Fross.

ICI BUYS UP U.S. COMPANY

Damaged cargo ex

Landon, June 8. vessel will be surveyed in thei

Lord McGowan, 'Chairman of Chemical Industries, premises of The H.K. & Kow. Imperial foon Wharf & Godown Co. is firm of a

jannounced today the purchase by Ltd., between the hours ofing Interest in Arnold, Hoffman 70 per cent controll- No claims will be admitted June 13 and 14, 1950. Con- facturing company of 55 Canal 10.00 am, and 4:00 p.m. on and Company, a chomical many- after the goods have left the signces are advised to have Street, Providence, Rhode IslamL steamer's godowns, and all their Representatives -presont goods remaining undelivered during the Survey. after June 16, 1950 will be subject to rent.

All

1

Consignees are wornod 'that claims for damage or shortage claims against the steamer must be presented to may not be accepted if the the Undersigned on or before Mesars. Goddard & Douglas in damage Is not surveyed by June 23, 1950 or they will the presence of Consignees not be recognized.

Representatives at this ap No Fire Insurance will be poshted linię. effected.

DODWELL & CO., LTD.

Agents Hong Kong, June 8, 1950.

GIBB, LIVINGSTON & CO., LTD., Agents,

Hong Kong, June 6, 1950.

Pacific For Cart Lane I

Fast Regular Tra

m.v. "SUMATRA”

.End Juno

m.v. "MINDORO”

..End July

SAILINGS TO EUROPE

DIRTAT

14th Juno .15th July

BAN, FRANCISCO, LOS ANGELES, L

·MOTRBAY 'AND'AL AMERICAN

m.v. "BALI" m.v."'SUMATRA”

ADEN, BORT, SAID," "GENDA, MARSEILLES, ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, USLO

GILMAN

гов

UBG

Brikoll

LTD.

WILLIAM LECKENDACE"

He said the Hoffman firm would; retain its essentially American charactor and would be used for the manufacturo in the United States of products developed in British laboratories.

He told the annust meting, of whole cost dr the purchase was Intipteluil Chemicals that tho danced in the United States and involved no drain upon Britain's dollar resources. *- Assoclated

JAPANESE GOODS

IN DEMAND

Copetown, June 8. British goods were in little de mond in one Targo Capetown store today as customers, clamoured to bily the first Japanese, goods, on sale since the wait

The manager of the store inold. Japanese goods are going a'torrific page. 120ople seen, moro concerned about the price then mything else!! -

“Japoneso trayons are cheaper thma: Britid and a Japanese-cup and saucor sold foria ke pence, British cup and saucer at la perce could not be sold Ampplated Prest

RUBBER

"BENMACOHUI" "BENAVON" "BENLAWERS"

"BENLOMOND"

"BENARTY"

"BENYORLIGH" **BENALDER" "BENVENUE"

ARRIVALS

FROM

14th Aug.

London, Antwerp, Rotterdom, Hamburg

Loading on ar ebt.

25th June

20th July

4 Huli. Liverpool,

17th Aug.

Dublin,

Havro Hamburg, A

Hull.

30th June

Genoa, Le Havre, Lon. don & Hamburg.

Liverpool,

18th June

15th June

6th July

atut July

Qlasgow.

Dublin, Antwerp flotterdam.

+ Accepts Cargo for Japan..

#Omita Dubiln.

* Accepta Cargo for Havre,

Via Malays, Colombo, Port Buden, Adon, and Guez Canal,

For Further Partiılara, Apply To-

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

Agents York Building.

Telephone: 34768.

THE EAST ASIATIC CO., LTD.

M.S. "KOREA'

21st June

✔

for

ADEN, FORT SAID, HAIFA, ALEXANDRIA, GENOA,

ANTWERP, ROTTERDAM, HAMBURG, OSLO, AMG

GOTHENBURG, & COPENHAGEN Trnks available for the carriage of oft in bulk

THE EAST ASIATIC CO., LTD.

Queen's Bldg., 2nd floor.

Tel. 34111 & SU15

SWEDISH EAST ASIA CO.LTD.

m.v. "BALI”

LOADING 13th JUNE

SAILING 14th JUNE

JADEN, FORT BAID..

CASABLANCA.

KAMBURG.

TÄN

GILMAN